Number of Shares
|
Value
|
|
Common Stocks 96.5%
|
||
Building Products 1.7%
|
||
8,041
|
Johnson Controls International PLC
|
$424,565
|
Chemicals 10.8%
|
||
1,636
|
Air Products & Chemicals, Inc.
|
442,620
|
3,696
|
Linde PLC
|
1,529,294
|
2,838
|
Sika AG
|
768,726
|
|
|
2,740,640
|
Commercial Services & Supplies 3.4%
|
||
6,429
|
Waste Connections, Inc.
|
870,766
|
Construction & Engineering 3.1%
|
||
4,248
|
Quanta Services, Inc.
|
799,941
|
Construction Materials 3.3%
|
||
13,217
|
CRH PLC
|
831,954
|
Electric Utilities 16.6%
|
||
4,257
|
Acciona SA
|
600,070
|
8,126
|
Constellation Energy Corp.
|
983,571
|
3,337
|
Duke Energy Corp.
|
307,938
|
8,255
|
Exelon Corp.
|
317,900
|
10,398
|
FirstEnergy Corp.
|
384,102
|
55,598
|
Iberdrola SA
|
686,582
|
15,964
|
NextEra Energy, Inc.
|
934,054
|
|
|
4,214,217
|
Electrical Equipment 23.5%
|
||
28,853
|
ABB Ltd.
|
1,143,643
|
5,203
|
Eaton Corp. PLC
|
1,184,671
|
3,369
|
Generac Holdings, Inc.*
|
394,409
|
2,838
|
Hubbell, Inc.
|
851,400
|
30,788
|
Nordex SE*
|
340,657
|
4,730
|
Schneider Electric SE
|
868,158
|
42,387
|
Vestas Wind Systems AS*
|
1,173,206
|
|
|
5,956,144
|
Electronic Equipment, Instruments & Components 2.7%
|
||
10,105
|
Itron, Inc.*
|
680,875
|
Independent Power and Renewable Electricity
Producers 6.0%
|
||
15,437
|
Atlantica Sustainable Infrastructure
PLC
|
293,612
|
11,437
|
NextEra Energy Partners LP
|
269,227
|
6,751
|
Ormat Technologies, Inc.
|
454,477
|
42,749
|
Sunnova Energy International,
Inc.*(a)
|
495,888
|
|
|
1,513,204
|
Number of Shares
|
Value
|
|
Machinery 1.2%
|
||
2,304
|
Chart Industries, Inc.*
|
$299,589
|
Multi-Utilities 6.5%
|
||
17,458
|
CenterPoint Energy, Inc.
|
493,538
|
6,278
|
Dominion Energy, Inc.
|
284,644
|
31,919
|
National Grid PLC
|
414,043
|
6,444
|
Sempra
|
469,574
|
|
|
1,661,799
|
Oil, Gas & Consumable Fuels 9.5%
|
||
6,382
|
Cheniere Energy, Inc.
|
1,162,482
|
7,169
|
DT Midstream, Inc.
|
410,712
|
22,432
|
Williams Cos., Inc.
|
825,273
|
|
|
2,398,467
|
Professional Services 4.2%
|
||
11,481
|
Arcadis NV
|
575,615
|
3,870
|
Jacobs Solutions, Inc.
|
492,187
|
|
|
1,067,802
|
Semiconductors & Semiconductor Equipment 4.0%
|
||
13,611
|
Canadian Solar, Inc.*(a)
|
286,239
|
4,700
|
First Solar, Inc.*
|
741,566
|
|
|
1,027,805
|
Total Common Stocks (Cost $24,916,652)
|
24,487,768
|
|
|
||
Short-Term Investments 4.8%
|
||
Investment Companies 4.8%
|
||
814,446
|
State Street Institutional
U.S. Government Money Market
Fund Premier Class, 5.31%(b)
|
814,446
|
397,649
|
State Street Navigator Securities
Lending Government Money
Market Portfolio, 5.37%(b)(c)
|
397,649
|
Total Short-Term Investments
(Cost $1,212,095)
|
1,212,095
|
|
Total Investments 101.3%
(Cost $26,128,747)
|
25,699,863
|
|
Liabilities Less Other Assets (1.3)%
|
(331,897
)
|
|
Net Assets 100.0%
|
$25,367,966
|
*
|
Non-income producing security.
|
(a)
|
All or a portion of this security is on loan at November 30, 2023. Total value of all such securities at
November 30, 2023 amounted to $386,756 for the Fund.
|
(b)
|
Represents 7-day effective yield as of November 30, 2023.
|
(c)
|
Represents investment of cash collateral received from securities lending.
|
POSITIONS BY COUNTRY
|
||
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
United States
|
$18,205,375
|
71.8%
|
Switzerland
|
1,912,369
|
7.5%
|
Spain
|
1,580,264
|
6.2%
|
Denmark
|
1,173,206
|
4.6%
|
Netherlands
|
575,615
|
2.3%
|
United Kingdom
|
414,043
|
1.6%
|
Germany
|
340,657
|
1.4%
|
Canada
|
286,239
|
1.1%
|
Short-Term Investments and Other Liabilities—Net
|
880,198
|
3.5%
|
|
$25,367,966
|
100.0%
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
Common Stocks#
|
$24,487,768
|
$—
|
$—
|
$24,487,768
|
Short-Term Investments
|
—
|
1,212,095
|
—
|
1,212,095
|
Total Investments
|
$24,487,768
|
$1,212,095
|
$—
|
$25,699,863
|
#
|
The Schedule of Investments provides information on the industry or sector categorization as well as a
Positions by Country summary.
|
Number of Shares
|
Value
|
|
Common Stocks 97.1%
|
||
Air Freight & Logistics 1.7%
|
||
12,700
|
SF Holding Co. Ltd. Class A
|
$75,104
|
Automobile Components 3.1%
|
||
26,800
|
Fuyao Glass Industry Group Co. Ltd.
Class A
|
141,235
|
Banks 4.8%
|
||
119,000
|
China CITIC Bank Corp. Ltd. Class H
|
53,777
|
183,500
|
China Construction Bank Corp.
Class A
|
164,340
|
|
|
218,117
|
Beverages 10.4%
|
||
5,600
|
Jiangsu Yanghe Brewery Joint-Stock
Co. Ltd. Class A
|
91,396
|
800
|
Kweichow Moutai Co. Ltd. Class A
|
200,555
|
3,000
|
Shanxi Xinghuacun Fen Wine
Factory Co. Ltd. Class A
|
100,275
|
7,400
|
Tsingtao Brewery Co. Ltd. Class A
|
77,209
|
|
|
469,435
|
Biotechnology 4.6%
|
||
25,000
|
Akeso, Inc.*(a)
|
159,545
|
3,200
|
BeiGene Ltd.*
|
45,841
|
|
|
205,386
|
Broadline Retail 1.0%
|
||
4,900
|
Alibaba Group Holding Ltd.*
|
45,636
|
Building Products 1.9%
|
||
40,500
|
Zhejiang Weixing New Building
Materials Co. Ltd. Class A
|
84,784
|
Capital Markets 2.0%
|
||
30,700
|
CITIC Securities Co. Ltd. Class A
|
92,150
|
Chemicals 2.5%
|
||
9,800
|
Wanhua Chemical Group Co. Ltd.
Class A
|
110,601
|
Commercial Services & Supplies 1.2%
|
||
9,800
|
Shanghai M&G Stationery, Inc.
Class A
|
54,484
|
Construction Materials 1.8%
|
||
13,800
|
Beijing Oriental Yuhong Waterproof
Technology Co. Ltd. Class A
|
41,577
|
26,400
|
China Jushi Co. Ltd. Class A
|
40,896
|
|
|
82,473
|
Consumer Staples Distribution & Retail 0.8%
|
||
8,700
|
Laobaixing Pharmacy Chain JSC
Class A
|
37,193
|
Number of Shares
|
Value
|
|
Containers & Packaging 1.6%
|
||
19,600
|
Shenzhen YUTO Packaging
Technology Co. Ltd. Class A
|
$71,558
|
Electrical Equipment 7.6%
|
||
2,700
|
Contemporary Amperex Technology
Co. Ltd. Class A
|
63,097
|
44,800
|
Dongfang Electric Corp. Ltd. Class A
|
91,341
|
31,300
|
NARI Technology Co. Ltd. Class A
|
96,403
|
7,800
|
Sungrow Power Supply Co. Ltd.
Class A
|
90,813
|
|
|
341,654
|
Electronic Equipment, Instruments & Components 8.2%
|
||
29,100
|
Foxconn Industrial Internet Co. Ltd.
Class A
|
61,489
|
26,300
|
Luxshare Precision Industry Co. Ltd.
Class A
|
117,144
|
28,800
|
Shenzhen Sunlord Electronics Co.
Ltd. Class A
|
109,338
|
9,815
|
SUPCON Technology Co. Ltd.
Class A
|
60,158
|
15,200
|
Tianma Microelectronics Co. Ltd.
Class A*
|
23,120
|
|
|
371,249
|
Health Care Equipment & Supplies 6.4%
|
||
64,000
|
AK Medical Holdings Ltd.(a)
|
57,681
|
2,235
|
iRay Technology Co. Ltd. Class A
|
68,118
|
4,000
|
Shenzhen Mindray Bio-Medical
Electronics Co. Ltd. Class A
|
162,812
|
|
|
288,611
|
Health Care Providers & Services 2.7%
|
||
28,500
|
Aier Eye Hospital Group Co. Ltd.
Class A
|
68,038
|
5,900
|
Guangzhou Kingmed Diagnostics
Group Co. Ltd. Class A
|
54,491
|
|
|
122,529
|
Hotels, Restaurants & Leisure 0.4%
|
||
1,600
|
Meituan Class B*(a)
|
18,558
|
Household Durables 5.4%
|
||
17,700
|
Haier Smart Home Co. Ltd. Class A
|
54,788
|
19,000
|
Midea Group Co. Ltd. Class A
|
137,379
|
63,000
|
Shenzhen MTC Co. Ltd. Class A
|
50,780
|
|
|
242,947
|
Insurance 4.4%
|
||
90,000
|
China Life Insurance Co. Ltd. Class H
|
121,900
|
13,300
|
Ping An Insurance Group Co. of
China Ltd. Class A
|
75,935
|
|
|
197,835
|
Interactive Media & Services 1.6%
|
||
1,700
|
Tencent Holdings Ltd.
|
71,166
|
Number of Shares
|
Value
|
|
Life Sciences Tools & Services 1.4%
|
||
7,100
|
Hangzhou Tigermed Consulting Co.
Ltd. Class A
|
$61,709
|
Machinery 8.3%
|
||
45,500
|
Sany Heavy Industry Co. Ltd. Class A
|
86,910
|
13,800
|
Shenzhen Inovance Technology Co.
Ltd. Class A
|
127,473
|
19,000
|
Yizumi Holdings Co. Ltd. Class A
|
50,145
|
27,300
|
Zhejiang Sanhua Intelligent Controls
Co. Ltd. Class A
|
110,481
|
|
|
375,009
|
Personal Care Products 2.0%
|
||
6,100
|
Proya Cosmetics Co. Ltd. Class A
|
88,263
|
Pharmaceuticals 2.3%
|
||
15,500
|
Jiangsu Hengrui Pharmaceuticals Co.
Ltd. Class A
|
104,155
|
Professional Services 0.8%
|
||
18,200
|
Pony Testing International Group Co.
Ltd. Class A
|
35,426
|
Real Estate Management & Development 3.0%
|
||
42,600
|
China Merchants Shekou Industrial
Zone Holdings Co. Ltd. Class A
|
62,116
|
Number of Shares
|
Value
|
|
Real Estate Management & Development – cont'd
|
||
78,000
|
Yuexiu Property Co. Ltd.
|
$71,097
|
|
|
133,213
|
Semiconductors & Semiconductor Equipment 1.3%
|
||
16,700
|
Tongwei Co. Ltd. Class A
|
57,254
|
Textiles, Apparel & Luxury Goods 2.3%
|
||
10,500
|
Shenzhou International Group
Holdings Ltd.
|
105,386
|
Transportation Infrastructure 1.6%
|
||
51,700
|
Jiangsu Expressway Co. Ltd. Class A
|
73,721
|
Total Common Stocks (Cost $4,367,768)
|
4,376,841
|
|
|
||
Short-Term Investments 5.4%
|
||
Investment Companies 5.4%
|
||
241,350
|
State Street Institutional
U.S. Government Money Market
Fund Premier Class, 5.31%(b)
(Cost $241,350)
|
241,350
|
Total Investments 102.5% (Cost $4,609,118)
|
4,618,191
|
|
Liabilities Less Other Assets (2.5)%
|
(111,906
)
|
|
Net Assets 100.0%
|
$4,506,285
|
*
|
Non-income producing security.
|
(a)
|
Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended.
Regulation S applies to securities offerings that are made outside of the United States and do not involve
directed selling efforts in the United States and as such may have restrictions on resale. Total value of all
such securities at November 30, 2023 amounted to $235,784, which represents 5.2% of net assets of the
Fund.
|
(b)
|
Represents 7-day effective yield as of November 30, 2023.
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
Common Stocks#
|
$4,376,841
|
$—
|
$—
|
$4,376,841
|
Short-Term Investments
|
—
|
241,350
|
—
|
241,350
|
Total Investments
|
$4,376,841
|
$241,350
|
$—
|
$4,618,191
|
#
|
The Schedule of Investments provides information on the industry or sector categorization.
|
Principal Amount
|
Value
|
|
U.S. Treasury Obligations 3.6%
|
||
$10,000,000
|
U.S. Treasury Bills, 5.24%, due 2/27/2024 (Cost $9,871,948)
|
$9,871,743
(a)
|
|
||
U.S. Government Agency Securities 1.3%
|
||
3,446,984
|
Federal Home Loan Banks, 5.55%, due 4/5/2024 (Cost $3,446,134)
|
3,444,078
|
Asset-Backed Securities 19.7%
|
||
|
Ally Auto Receivables Trust
|
|
34,019
|
Series 2022-1, Class A2, 2.67%, due 4/15/2025
|
33,977
|
1,600,000
|
Series 2023-1, Class A2, 5.76%, due 11/15/2026
|
1,599,886
|
1,795,000
|
Bank of America Auto Trust, Series 2023-1A, Class A2, 5.83%, due 5/15/2026
|
1,795,155
(b)
|
|
BMW Vehicle Lease Trust
|
|
634,533
|
Series 2023-1, Class A2, 5.27%, due 2/25/2025
|
633,776
|
757,000
|
Series 2023-2, Class A2, 5.95%, due 8/25/2025
|
758,239
|
1,354,000
|
BMW Vehicle Owner Trust, Series 2023-A, Class A2A, 5.72%, due 4/27/2026
|
1,354,511
|
|
Capital One Prime Auto Receivables Trust
|
|
771,779
|
Series 2022-1, Class A2, 2.71%, due 6/16/2025
|
768,237
|
1,409,766
|
Series 2023-1, Class A2, 5.20%, due 5/15/2026
|
1,405,046
|
|
Citizens Auto Receivables Trust
|
|
1,926,000
|
Series 2023-1, Class A2A, 6.13%, due 7/15/2026
|
1,927,477
(b)
|
2,247,000
|
Series 2023-2, Class A2A, 6.09%, due 10/15/2026
|
2,249,277
(b)
|
454,000
|
Dell Equipment Finance Trust, Series 2023-1, Class A2, 5.65%, due 9/22/2028
|
453,007
(b)
|
410,000
|
DLLAA LLC, Series 2023-1A, Class A2, 5.93%, due 7/20/2026
|
410,590
(b)
|
299,461
|
DLLAD LLC, Series 2023-1A, Class A2, 5.19%, due 4/20/2026
|
298,021
(b)
|
1,887,000
|
Fifth Third Auto Trust, Series 2023-1, Class A2A, 5.80%, due 11/16/2026
|
1,886,395
|
|
Ford Credit Auto Owner Trust
|
|
440,745
|
Series 2022-B, Class A2A, 3.44%, due 2/15/2025
|
439,850
|
708,145
|
Series 2023-A, Class A2A, 5.14%, due 3/15/2026
|
705,955
|
492,000
|
GECU Auto Receivables Trust, Series 2023-1A, Class A2, 5.95%, due 3/15/2027
|
491,368
(b)
|
|
GM Financial Automobile Leasing Trust
|
|
1,119,122
|
Series 2023-1, Class A2A, 5.27%, due 6/20/2025
|
1,116,518
|
509,000
|
Series 2023-3, Class A2A, 5.58%, due 1/20/2026
|
508,547
|
|
GM Financial Consumer Automobile Receivables Trust
|
|
107,495
|
Series 2022-2, Class A2, 2.52%, due 5/16/2025
|
107,209
|
751,882
|
Series 2022-3, Class A2A, 3.50%, due 9/16/2025
|
748,433
|
323,394
|
Series 2023-2, Class A2A, 5.10%, due 5/18/2026
|
322,282
|
1,542,000
|
Series 2023-3, Class A2A, 5.74%, due 9/16/2026
|
1,542,507
|
2,870,000
|
Honda Auto Receivables Owner Trust, Series 2023-2, Class A2, 5.41%, due 4/15/2026
|
2,865,305
|
752,000
|
HPEFS Equipment Trust, Series 2022-1A, Class B, 1.79%, due 5/21/2029
|
731,239
(b)
|
|
Hyundai Auto Lease Securitization Trust
|
|
501,124
|
Series 2023-A, Class A2A, 5.20%, due 4/15/2025
|
499,735
(b)
|
783,000
|
Series 2023-C, Class A2A, 5.85%, due 3/16/2026
|
784,930
(b)
|
|
Hyundai Auto Receivables Trust
|
|
61,573
|
Series 2022-A, Class A2A, 1.81%, due 2/18/2025
|
61,470
|
1,279,029
|
Series 2023-A, Class A2A, 5.19%, due 12/15/2025
|
1,275,787
|
1,195,000
|
Series 2023-B, Class A2A, 5.77%, due 5/15/2026
|
1,195,338
|
2,305,000
|
Series 2023-C, Class A2A, 5.80%, due 1/15/2027
|
2,311,555
|
630,000
|
John Deere Owner Trust, Series 2023-C, Class A2, 5.76%, due 8/17/2026
|
630,781
|
|
Kubota Credit Owner Trust
|
|
294,653
|
Series 2022-1A, Class A2, 2.34%, due 4/15/2025
|
292,609
(b)
|
502,000
|
Series 2023-1A, Class A2, 5.40%, due 2/17/2026
|
500,213
(b)
|
693,209
|
Mercedes-Benz Auto Receivables Trust, Series 2022-1, Class A2, 5.26%, due 10/15/2025
|
692,266
|
Principal Amount
|
Value
|
|
Asset-Backed Securities – cont'd
|
||
$241,242
|
MMAF Equipment Finance LLC, Series 2022-A, Class A2, 2.77%, due 2/13/2025
|
$239,719
(b)
|
1,559,000
|
Nissan Auto Lease Trust, Series 2023-B, Class A2A, 5.74%, due 8/15/2025
|
1,558,952
|
|
Nissan Auto Receivables Owner Trust
|
|
459,592
|
Series 2022-B, Class A2, 4.50%, due 8/15/2025
|
457,933
|
2,661,000
|
Series 2023-A, Class A2A, 5.34%, due 2/17/2026
|
2,656,593
|
2,006,000
|
Porsche Financial Auto Securitization Trust, Series 2023-2A, Class A2A, 5.88%, due 11/23/2026
|
2,011,855
(b)
|
103,931
|
Santander Retail Auto Lease Trust, Series 2022-B, Class A2, 2.84%, due 5/20/2025
|
103,613
(b)
|
|
Toyota Auto Receivables Owner Trust
|
|
74,853
|
Series 2022-B, Class A2A, 2.35%, due 1/15/2025
|
74,707
|
568,229
|
Series 2023-A, Class A2, 5.05%, due 1/15/2026
|
566,747
|
2,716,000
|
Series 2023-C, Class A2A, 5.60%, due 8/17/2026
|
2,714,682
|
1,918,000
|
Series 2023-D, Class A2A, 5.80%, due 11/16/2026
|
1,922,685
|
1,737,000
|
USAA Auto Owner Trust, Series 2023-A, Class A2, 5.83%, due 7/15/2026
|
1,737,954
(b)
|
|
Verizon Master Trust
|
|
1,138,000
|
Series 2022-7, Class A1B, (30 day USD SOFR Average + 0.85%), 6.17%, due 11/22/2027
|
1,140,971
(c)
|
474,000
|
Series 2023-5, Class A1B, (30 day USD SOFR Average + 0.68%), 6.01%, due 9/8/2028
|
476,629
(c)
|
910,000
|
Volkswagen Auto Lease Trust, Series 2023-A, Class A2A, 5.87%, due 1/20/2026
|
911,940
|
|
World Omni Auto Receivables Trust
|
|
239,726
|
Series 2022-B, Class A2A, 2.77%, due 10/15/2025
|
238,545
|
235,350
|
Series 2022-D, Class A2A, 5.51%, due 3/16/2026
|
235,098
|
1,210,709
|
Series 2023-A, Class A2A, 5.18%, due 7/15/2026
|
1,207,285
|
2,505,000
|
Series 2023-C, Class A2A, 5.57%, due 12/15/2026
|
2,502,030
|
Total Asset-Backed Securities (Cost $54,162,892)
|
54,155,429
|
|
|
||
Corporate Bonds 53.1%
|
||
Auto Manufacturers 5.0%
|
||
|
General Motors Financial Co., Inc.
|
|
1,645,000
|
1.05%, due 3/8/2024
|
1,624,085
|
1,400,000
|
1.20%, due 10/15/2024
|
1,343,509
|
1,644,000
|
Mercedes-Benz Finance North America LLC, (Secured Overnight Financing Rate + 0.93%), 6.28%,
due 3/30/2025
|
1,653,871
(b)(c)
|
|
Toyota Motor Credit Corp.
|
|
2,875,000
|
(Secured Overnight Financing Rate Index + 0.65%), 6.00%, due 12/29/2023
|
2,875,776
(c)
|
2,405,000
|
(Secured Overnight Financing Rate + 0.62%), 5.97%, due 3/22/2024
|
2,406,797
(c)
|
3,800,000
|
Volkswagen Group of America Finance LLC, (Secured Overnight Financing Rate + 0.95%), 6.30%,
due 6/7/2024
|
3,803,825
(b)(c)
|
|
|
13,707,863
|
Banks 16.9%
|
||
|
Bank of America Corp.
|
|
3,973,000
|
(Secured Overnight Financing Rate + 1.10%), 6.45%, due 4/25/2025
|
3,978,324
(c)
|
1,740,000
|
(Secured Overnight Financing Rate + 1.33%), 6.68%, due 4/2/2026
|
1,744,907
(c)
|
1,425,000
|
Citibank NA, 3.65%, due 1/23/2024
|
1,420,901
|
|
Citigroup, Inc.
|
|
1,445,000
|
(Secured Overnight Financing Rate + 1.37%), 6.72%, due 5/24/2025
|
1,448,685
(c)
|
3,195,000
|
(Secured Overnight Financing Rate + 1.53%), 6.88%, due 3/17/2026
|
3,206,873
(c)
|
5,121,000
|
Goldman Sachs Group, Inc., 5.70%, due 11/1/2024
|
5,117,771
|
6,005,000
|
JPMorgan Chase & Co., (Secured Overnight Financing Rate + 0.58%), 5.93%, due 6/23/2025
|
5,988,486
(c)
|
5,484,000
|
Morgan Stanley, (Secured Overnight Financing Rate + 0.63%), 5.97%, due 1/24/2025
|
5,470,290
(c)
|
4,670,000
|
Royal Bank of Canada, (Secured Overnight Financing Rate Index + 0.44%), 5.79%, due 1/21/2025
|
4,667,963
(c)
|
2,460,000
|
Truist Bank, (Secured Overnight Financing Rate + 0.20%), 5.55%, due 1/17/2024
|
2,459,237
(c)
|
Principal Amount
|
Value
|
|
|
||
Banks – cont'd
|
||
$1,015,000
|
Truist Financial Corp., (Secured Overnight Financing Rate + 0.40%), 5.75%, due 6/9/2025
|
$996,752
(c)
|
4,050,000
|
U.S. Bancorp, 2.40%, due 7/30/2024
|
3,960,278
|
5,875,000
|
Wells Fargo & Co., 3.75%, due 1/24/2024
|
5,857,747
|
|
|
46,318,214
|
Beverages 0.8%
|
||
2,172,000
|
PepsiCo, Inc., (Secured Overnight Financing Rate Index + 0.40%), 5.75%, due 11/12/2024
|
2,173,506
(c)
|
Biotechnology 1.2%
|
||
3,285,000
|
Amgen, Inc., 3.63%, due 5/22/2024
|
3,252,137
|
Diversified Financial Services 3.4%
|
||
5,104,000
|
American Express Co., (Secured Overnight Financing Rate + 0.93%), 6.27%, due 3/4/2025
|
5,110,367
(c)
|
|
Capital One Financial Corp.
|
|
3,130,000
|
(Secured Overnight Financing Rate + 0.69%), 6.04%, due 12/6/2024
|
3,129,656
(c)
|
1,175,000
|
(Secured Overnight Financing Rate + 1.35%), 6.70%, due 5/9/2025
|
1,172,060
(c)
|
|
|
9,412,083
|
Electric 1.8%
|
||
1,780,000
|
Florida Power & Light Co., (Secured Overnight Financing Rate Index + 0.38%), 5.73%, due
1/12/2024
|
1,779,939
(c)
|
985,000
|
Mississippi Power Co., Series A, (Secured Overnight Financing Rate + 0.30%), 5.65%, due
6/28/2024
|
983,620
(c)
|
2,220,000
|
National Rural Utilities Cooperative Finance Corp., Series D, (Secured Overnight Financing Rate +
0.33%), 5.68%, due 10/18/2024
|
2,217,193
(c)
|
|
|
4,980,752
|
Healthcare - Products 3.0%
|
||
|
Baxter International, Inc.
|
|
2,500,000
|
(Secured Overnight Financing Rate Index + 0.26%), 5.61%, due 12/1/2023
|
2,500,000
(c)
|
2,825,000
|
(Secured Overnight Financing Rate Index + 0.44%), 5.79%, due 11/29/2024
|
2,815,397
(c)
|
2,973,000
|
Thermo Fisher Scientific, Inc., 1.22%, due 10/18/2024
|
2,861,048
|
|
|
8,176,445
|
Insurance 1.1%
|
||
3,091,000
|
Protective Life Global Funding, (Secured Overnight Financing Rate + 0.98%), 6.33%, due 3/28/2025
|
3,100,622
(b)(c)
|
Machinery - Construction & Mining 1.1%
|
||
3,112,000
|
Caterpillar Financial Services Corp., (Secured Overnight Financing Rate + 0.27%), 5.62%, due
9/13/2024
|
3,111,302
(c)
|
Machinery - Diversified 1.9%
|
||
|
John Deere Capital Corp.
|
|
1,522,000
|
(Secured Overnight Financing Rate + 0.20%), 5.55%, due 10/11/2024
|
1,520,101
(c)
|
3,798,000
|
(Secured Overnight Financing Rate + 0.56%), 5.91%, due 3/7/2025
|
3,807,771
(c)
|
|
|
5,327,872
|
Media 0.8%
|
||
2,305,000
|
Sky Ltd., 3.75%, due 9/16/2024
|
2,273,747
(b)
|
Miscellaneous Manufacturer 1.6%
|
||
4,470,000
|
Siemens Financieringsmaatschappij NV, (Secured Overnight Financing Rate + 0.43%), 5.78%, due
3/11/2024
|
4,471,198
(b)(c)
|
Principal Amount
|
Value
|
||
|
|||
Pharmaceuticals 1.6%
|
|||
|
AbbVie, Inc.
|
||
$3,575,000
|
3.85%, due 6/15/2024
|
$3,537,587
|
|
1,020,000
|
2.60%, due 11/21/2024
|
991,499
|
|
|
|
4,529,086
|
|
Pipelines 3.8%
|
|||
4,398,000
|
Enbridge, Inc., (Secured Overnight Financing Rate Index + 0.63%), 5.98%, due 2/16/2024
|
4,399,568
(c)
|
|
5,950,000
|
Enterprise Products Operating LLC, 3.90%, due 2/15/2024
|
5,926,572
|
|
|
|
10,326,140
|
|
Real Estate Investment Trusts 2.1%
|
|||
|
Simon Property Group LP
|
||
3,380,000
|
3.75%, due 2/1/2024
|
3,365,630
|
|
2,440,000
|
2.00%, due 9/13/2024
|
2,370,008
|
|
|
|
5,735,638
|
|
Retail 0.5%
|
|||
1,315,000
|
Starbucks Corp., (Secured Overnight Financing Rate Index + 0.42%), 5.77%, due 2/14/2024
|
1,315,003
(c)
|
|
Semiconductors 1.7%
|
|||
4,592,000
|
Analog Devices, Inc., (Secured Overnight Financing Rate + 0.25%), 5.60%, due 10/1/2024
|
4,589,756
(c)
|
|
Software 1.3%
|
|||
3,495,000
|
Oracle Corp., 3.40%, due 7/8/2024
|
3,442,578
|
|
Telecommunications 3.5%
|
|||
5,762,000
|
AT&T, Inc., 0.90%, due 3/25/2024
|
5,675,246
|
|
|
Verizon Communications, Inc.
|
||
3,470,000
|
0.75%, due 3/22/2024
|
3,418,698
|
|
615,000
|
3.50%, due 11/1/2024
|
603,544
|
|
|
|
9,697,488
|
|
Total Corporate Bonds (Cost $145,922,482)
|
145,941,430
|
||
Number of Shares
|
|
||
|
|||
|
|||
Short-Term Investments 21.5%
|
|||
Investment Companies 21.5%
|
|
|
|
58,977,967
|
State Street Institutional U.S. Government Money Market Fund Premier Class, 5.31%(d)
(Cost $58,977,967)
|
58,977,967
|
|
Total Investments 99.2% (Cost $272,381,423)
|
272,390,647
|
||
Other Assets Less Liabilities 0.8%
|
2,299,696
(e)
|
||
Net Assets 100.0%
|
$274,690,343
|
(a)
|
Rate shown was the discount rate at the date of purchase.
|
(b)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise
restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only
be sold to qualified institutional investors or may have other restrictions on resale. At November 30, 2023,
these securities amounted to $29,830,025, which represents 10.9% of net assets of the Fund.
|
(c)
|
Variable or floating rate security. The interest rate shown was the current rate as of November 30, 2023 and
changes periodically.
|
(d)
|
Represents 7-day effective yield as of November 30, 2023.
|
(e)
|
Includes the impact of the Fund's open positions in derivatives at November 30, 2023.
|
|
Long Futures:
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
12/2023
|
144
|
Lead
|
$7,577,100
|
$(327,633
)
|
12/2023
|
71
|
Nickel
|
7,023,036
|
(1,762,514
)
|
12/2023
|
178
|
Primary Aluminum
|
9,638,744
|
(995,729
)
|
12/2023
|
188
|
Zinc
|
11,631,325
|
(626,100
)
|
1/2024
|
235
|
Brent Crude Oil
|
18,936,300
|
(998,067
)
|
1/2024
|
107
|
Lead
|
5,656,956
|
29,842
|
1/2024
|
63
|
Nickel
|
6,258,546
|
(543,008
)
|
1/2024
|
141
|
Platinum
|
6,598,095
|
231,064
|
1/2024
|
361
|
Soybean Meal
|
15,306,400
|
1,404,637
|
1/2024
|
327
|
Soybean Oil
|
10,253,412
|
(630,535
)
|
2/2024
|
185
|
Gold 100 Oz
|
38,058,200
|
910,509
|
2/2024
|
154
|
Live Cattle
|
10,584,420
|
(800,440
)
|
2/2024
|
453
|
Natural Gas
|
11,945,610
|
(3,599,855
)
|
2/2024
|
127
|
New York Harbor ULSD
|
14,272,717
|
(722,753
)
|
2/2024
|
166
|
RBOB Gasoline
|
15,284,018
|
(947,851
)
|
2/2024
|
171
|
Sugar 11
|
4,987,181
|
381,647
|
2/2024
|
209
|
WTI Crude
|
15,881,910
|
(924,709
)
|
3/2024
|
18
|
Cattle Feeder
|
2,003,175
|
(338,708
)
|
3/2024
|
79
|
Coffee'c'
|
5,471,737
|
987,387
|
3/2024
|
155
|
Low Sulphur Gasoil
|
12,020,250
|
(755,583
)
|
3/2024
|
222
|
Primary Aluminum
|
12,216,938
|
(376,552
)
|
3/2024
|
108
|
Silver
|
13,856,400
|
1,364,072
|
3/2024
|
89
|
Soybean Meal
|
6,062,012
|
142,070
|
3/2024
|
96
|
Wheat
|
3,086,400
|
(410,126
)
|
3/2024
|
177
|
Zinc
|
10,964,044
|
38,000
|
4/2024
|
171
|
Lean Hogs
|
5,290,740
|
(265,630
)
|
5/2024
|
134
|
Cocoa
|
5,684,280
|
579,558
|
5/2024
|
195
|
Copper
|
18,883,313
|
462,936
|
5/2024
|
131
|
Cotton No.2
|
5,285,850
|
(151,860
)
|
5/2024
|
107
|
Wheat
|
3,278,213
|
32,495
|
5/2024
|
165
|
Zinc
|
10,250,625
|
(93,385
)
|
6/2024
|
217
|
Primary Aluminum
|
12,161,494
|
(345,946
)
|
7/2024
|
678
|
Corn
|
17,094,075
|
(59,786
)
|
Total Long Positions
|
$353,503,516
|
$(9,112,553
)
|
Short Futures:
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
12/2023
|
144
|
Lead
|
$(7,577,100
)
|
$(25,473
)
|
12/2023
|
71
|
Nickel
|
(7,023,036
)
|
718,144
|
12/2023
|
178
|
Primary Aluminum
|
(9,638,744
)
|
330,276
|
12/2023
|
188
|
Zinc
|
(11,631,325
)
|
(110,385
)
|
1/2024
|
1
|
Nickel
|
(99,342
)
|
(1,371
)
|
3/2024
|
222
|
Primary Aluminum
|
(12,216,938
)
|
363,598
|
3/2024
|
177
|
Zinc
|
(10,964,044
)
|
82,504
|
5/2024
|
2
|
Zinc
|
(124,250
)
|
2,416
|
6/2024
|
1
|
Primary Aluminum
|
(56,044
)
|
1,515
|
Total Short Positions
|
$(59,330,823
)
|
$1,361,224
|
||
Total Futures
|
|
$(7,751,329
)
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
U.S. Treasury Obligations
|
$—
|
$9,871,743
|
$—
|
$9,871,743
|
U.S. Government Agency Securities
|
—
|
3,444,078
|
—
|
3,444,078
|
Asset-Backed Securities
|
—
|
54,155,429
|
—
|
54,155,429
|
Corporate Bonds#
|
—
|
145,941,430
|
—
|
145,941,430
|
Short-Term Investments
|
—
|
58,977,967
|
—
|
58,977,967
|
Total Investments
|
$—
|
$272,390,647
|
$—
|
$272,390,647
|
#
|
The Consolidated Schedule of Investments provides information on the industry or sector categorization.
|
Other Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Futures
|
|
|
|
|
Assets
|
$8,062,670
|
$—
|
$—
|
$8,062,670
|
Liabilities
|
(15,813,999
)
|
—
|
—
|
(15,813,999
)
|
Total
|
$(7,751,329
)
|
$—
|
$—
|
$(7,751,329
)
|
Number of Shares
|
Value
|
|
Common Stocks 97.7%
|
||
Aerospace & Defense 3.6%
|
||
401
|
TransDigm Group, Inc.*
|
$386,111
|
Automobile Components 3.0%
|
||
7,925
|
Mobileye Global, Inc. Class A*
|
325,321
|
Broadline Retail 4.3%
|
||
3,194
|
Amazon.com, Inc.*
|
466,611
|
Capital Markets 4.8%
|
||
5,369
|
Tradeweb Markets, Inc. Class A
|
520,256
|
Electronic Equipment, Instruments & Components 2.9%
|
||
2,284
|
Keysight Technologies, Inc.*
|
310,373
|
Ground Transportation 5.2%
|
||
9,879
|
Uber Technologies, Inc.*
|
556,978
|
Health Care Equipment & Supplies 14.5%
|
||
2,530
|
Dexcom, Inc.*
|
292,266
|
3,725
|
Edwards Lifesciences Corp.*
|
252,220
|
693
|
IDEXX Laboratories, Inc.*
|
322,813
|
1,435
|
Intuitive Surgical, Inc.*
|
446,055
|
1,398
|
Shockwave Medical, Inc.*
|
244,021
|
|
|
1,557,375
|
Interactive Media & Services 3.9%
|
||
3,155
|
Alphabet, Inc. Class C*
|
422,518
|
IT Services 4.2%
|
||
1,076
|
MongoDB, Inc.*
|
447,336
|
Life Sciences Tools & Services 2.7%
|
||
1,321
|
Danaher Corp.
|
294,992
|
Pharmaceuticals 4.1%
|
||
742
|
Eli Lilly & Co.
|
438,552
|
Number of Shares
|
Value
|
|
Professional Services 2.2%
|
||
1,311
|
Paycom Software, Inc.
|
$238,156
|
Semiconductors & Semiconductor Equipment 19.8%
|
||
4,046
|
Advanced Micro Devices, Inc.*
|
490,213
|
2,464
|
Analog Devices, Inc.
|
451,848
|
623
|
ASML Holding NV
|
425,983
|
1,612
|
NVIDIA Corp.
|
753,933
|
|
|
2,121,977
|
Software 22.5%
|
||
648
|
Adobe, Inc.*
|
395,934
|
941
|
Intuit, Inc.
|
537,744
|
1,145
|
Microsoft Corp.
|
433,852
|
1,256
|
Palo Alto Networks, Inc.*
|
370,633
|
3,685
|
Procore Technologies, Inc.*
|
217,747
|
667
|
ServiceNow, Inc.*
|
457,389
|
|
|
2,413,299
|
Total Common Stocks (Cost $8,894,321)
|
10,499,855
|
|
|
||
Short-Term Investments 2.3%
|
||
Investment Companies 2.3%
|
||
246,432
|
State Street Institutional
U.S. Government Money Market
Fund Premier Class, 5.31%(a)
(Cost $246,432)
|
246,432
|
Total Investments 100.0%
(Cost $9,140,753)
|
10,746,287
|
|
Liabilities Less Other Assets (0.0)%(b)
|
(842
)
|
|
Net Assets 100.0%
|
$10,745,445
|
*
|
Non-income producing security.
|
(a)
|
Represents 7-day effective yield as of November 30, 2023.
|
(b)
|
Represents less than 0.05% of net assets of the Fund.
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
Common Stocks#
|
$10,499,855
|
$—
|
$—
|
$10,499,855
|
Short-Term Investments
|
—
|
246,432
|
—
|
246,432
|
Total Investments
|
$10,499,855
|
$246,432
|
$—
|
$10,746,287
|
#
|
The Schedule of Investments provides information on the industry or sector categorization.
|
Number of Shares
|
Value
|
|
Common Stocks 99.3%
|
||
Australia 4.7%
|
||
35,748
|
Charter Hall Retail REIT
|
$75,586
|
19,688
|
GPT Group
|
53,596
|
101,564
|
Region RE Ltd.
|
138,914
|
|
|
268,096
|
Belgium 0.9%
|
||
1,265
|
Shurgard Self Storage Ltd.
|
54,892
|
Canada 4.3%
|
||
2,978
|
Canadian Apartment Properties REIT
|
101,458
|
8,801
|
RioCan REIT
|
113,308
|
3,868
|
Tricon Residential, Inc.
|
30,472
|
|
|
245,238
|
France 1.8%
|
||
951
|
Gecina SA
|
105,173
|
Hong Kong 5.2%
|
||
13,000
|
CK Asset Holdings Ltd.
|
61,661
|
8,900
|
Link REIT
|
43,980
|
106,000
|
Sino Land Co. Ltd.
|
106,796
|
8,769
|
Sun Hung Kai Properties Ltd.
|
86,048
|
|
|
298,485
|
Japan 9.2%
|
||
109
|
LaSalle Logiport REIT
|
115,867
|
6,400
|
Mitsui Fudosan Co. Ltd.
|
149,877
|
18
|
Nippon Building Fund, Inc.
|
75,395
|
63
|
Nippon Prologis REIT, Inc.
|
119,150
|
2,800
|
Nomura Real Estate Holdings, Inc.
|
68,064
|
|
|
528,353
|
Singapore 3.5%
|
||
50,000
|
Mapletree Pan Asia Commercial
Trust
|
51,207
|
33,800
|
UOL Group Ltd.
|
149,077
|
|
|
200,284
|
Spain 3.0%
|
||
1,932
|
Cellnex Telecom SA(a)
|
73,688
|
10,081
|
Merlin Properties Socimi SA
|
101,612
|
|
|
175,300
|
Switzerland 1.6%
|
||
342
|
PSP Swiss Property AG
|
45,147
|
441
|
Swiss Prime Site AG
|
44,316
|
|
|
89,463
|
United Kingdom 6.0%
|
||
21,055
|
Grainger PLC
|
67,515
|
7,542
|
Great Portland Estates PLC
|
36,410
|
3,760
|
Safestore Holdings PLC
|
36,337
|
10,751
|
Segro PLC
|
110,237
|
Number of Shares
|
Value
|
|
United Kingdom – cont'd
|
||
7,851
|
UNITE Group PLC
|
$96,240
|
|
|
346,739
|
United States 59.1%
|
||
424
|
American Homes 4 Rent Class A
|
15,378
|
1,693
|
American Tower Corp.
|
353,465
|
3,215
|
Apartment Income REIT Corp.
|
100,051
|
395
|
AvalonBay Communities, Inc.
|
68,311
|
688
|
Boston Properties, Inc.
|
39,168
|
1,767
|
Crown Castle, Inc.
|
207,234
|
172
|
EastGroup Properties, Inc.
|
29,885
|
338
|
Equinix, Inc.
|
275,473
|
1,008
|
Equity LifeStyle Properties, Inc.
|
71,669
|
1,256
|
Equity Residential
|
71,391
|
442
|
Essex Property Trust, Inc.
|
94,349
|
1,021
|
Extra Space Storage, Inc.
|
132,904
|
12,101
|
Hudson Pacific Properties, Inc.
|
71,033
|
1,039
|
Invitation Homes, Inc.
|
34,661
|
1,388
|
Iron Mountain, Inc.
|
89,040
|
6,955
|
Kimco Realty Corp.
|
134,371
|
1,551
|
Omega Healthcare Investors, Inc.
|
49,244
|
2,265
|
Prologis, Inc.
|
260,316
|
959
|
Public Storage
|
248,151
|
2,423
|
Realty Income Corp.
|
130,745
|
2,229
|
Retail Opportunity Investments Corp.
|
28,687
|
834
|
Rexford Industrial Realty, Inc.
|
41,049
|
365
|
SBA Communications Corp.
|
90,140
|
1,279
|
Simon Property Group, Inc.
|
159,734
|
787
|
Sun Communities, Inc.
|
101,791
|
2,428
|
Urban Edge Properties
|
40,669
|
2,184
|
Ventas, Inc.
|
100,115
|
4,019
|
VICI Properties, Inc.
|
120,128
|
1,685
|
Welltower, Inc.
|
150,134
|
2,711
|
Weyerhaeuser Co.
|
84,990
|
|
|
3,394,276
|
Total Common Stocks
(Cost $5,606,411)
|
5,706,299
|
|
|
||
|
||
Short-Term Investments 1.5%
|
||
Investment Companies 1.5%
|
||
82,158
|
State Street Institutional
U.S. Government Money Market
Fund Premier Class, 5.31%(b)
(Cost $82,158)
|
82,158
|
Total Investments 100.8% (Cost $5,688,569)
|
5,788,457
|
|
Liabilities Less Other Assets (0.8)%
|
(43,137
)
|
|
Net Assets 100.0%
|
$5,745,320
|
(a)
|
Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended.
Regulation S applies to securities offerings that are made outside of the United States and do not involve
directed selling efforts in the United States and as such may have restrictions on resale. Total value of all
such securities at November 30, 2023 amounted to $73,688, which represents 1.3% of net assets of the
Fund.
|
(b)
|
Represents 7-day effective yield as of November 30, 2023.
|
POSITIONS BY SECTOR
|
||
Sector
|
Investments at
Value
|
Percentage of
Net Assets
|
Specialty REITs
|
$2,061,674
|
35.9
%
|
Industrial & Office REITs
|
887,816
|
15.4
%
|
Retail REITs
|
865,994
|
15.1
%
|
Real Estate Holding & Development
|
808,973
|
14.1
%
|
Residential REITs
|
755,299
|
13.1
%
|
Diversified REITs
|
206,415
|
3.6
%
|
Hotel & Lodging REITs
|
120,128
|
2.1
%
|
Short-Term Investments and Other Liabilities-Net
|
39,021
|
0.7
%
|
Total
|
$5,745,320
|
100.0
%
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
Common Stocks#
|
$5,706,299
|
$—
|
$—
|
$5,706,299
|
Short-Term Investments
|
—
|
82,158
|
—
|
82,158
|
Total Investments
|
$5,706,299
|
$82,158
|
$—
|
$5,788,457
|
#
|
The Schedule of Investments provides a geographic categorization as well as a Positions by Sector summary.
|
Number of Shares
|
Value
|
|
Common Stocks 95.4%
|
||
Beverages 6.2%
|
||
70,688
|
Becle SAB de CV(a)
|
$119,736
|
6,542
|
Keurig Dr Pepper, Inc.
|
206,531
|
|
|
326,267
|
Consumer Staples Distribution & Retail 6.7%
|
||
2,083
|
Dollar Tree, Inc.*
|
257,438
|
621
|
Walmart, Inc.
|
96,684
|
|
|
354,122
|
Diversified Consumer Services 2.0%
|
||
5,436
|
Coursera, Inc.*
|
107,361
|
Entertainment 4.9%
|
||
755
|
Spotify Technology SA*
|
139,758
|
1,249
|
Walt Disney Co.*
|
115,770
|
|
|
255,528
|
Financial Services 1.2%
|
||
4,257
|
Toast, Inc. Class A*
|
63,302
|
Food Products 2.3%
|
||
3,157
|
Simply Good Foods Co.*
|
122,302
|
Health Care Equipment & Supplies 3.5%
|
||
969
|
EssilorLuxottica SA
|
184,709
|
Hotels, Restaurants & Leisure 24.6%
|
||
4,485
|
Basic-Fit NV*(a)(b)
|
127,809
|
37
|
Chipotle Mexican Grill, Inc.*
|
81,483
|
5,946
|
Cie des Alpes
|
91,258
|
3,842
|
DraftKings, Inc. Class A*
|
146,918
|
18,705
|
eDreams ODIGEO SA*
|
137,840
|
4,455
|
Las Vegas Sands Corp.
|
205,465
|
639
|
Marriott International, Inc. Class A
|
129,525
|
802
|
McDonald's Corp.
|
226,036
|
22,858
|
Soho House & Co., Inc.*(a)
|
143,777
|
|
|
1,290,111
|
Insurance 5.0%
|
||
1,178
|
Allstate Corp.
|
162,411
|
39,000
|
ZhongAn Online P&C Insurance Co.
Ltd. Class H*(b)
|
98,357
|
|
|
260,768
|
Interactive Media & Services 6.4%
|
||
1,037
|
Alphabet, Inc. Class C*
|
138,875
|
3,885
|
Match Group, Inc.*
|
125,796
|
5,090
|
Snap, Inc. Class A*
|
70,395
|
|
|
335,066
|
Number of Shares
|
Value
|
|
IT Services 2.5%
|
||
1,278
|
Wix.com Ltd.*
|
$129,717
|
Pharmaceuticals 2.5%
|
||
731
|
Zoetis, Inc.
|
129,146
|
Software 1.2%
|
||
6,660
|
Zuora, Inc. Class A*
|
60,739
|
Specialty Retail 16.2%
|
||
6,262
|
Aritzia, Inc.*(a)
|
121,461
|
2,920
|
Beyond, Inc.*
|
56,122
|
383
|
Home Depot, Inc.
|
120,067
|
1,591
|
TJX Cos., Inc.
|
140,183
|
133,000
|
Topsports International Holdings
Ltd.(b)
|
108,119
|
345
|
Ulta Beauty, Inc.*
|
146,967
|
14,945
|
Warby Parker, Inc. Class A*
|
155,577
|
|
|
848,496
|
Textiles, Apparel & Luxury Goods 7.0%
|
||
108
|
Kering SA
|
46,283
|
11,000
|
Li Ning Co. Ltd.
|
30,629
|
2,584
|
Moncler SpA
|
143,109
|
1,361
|
NIKE, Inc. Class B
|
150,077
|
|
|
370,098
|
Wireless Telecommunication Services 3.2%
|
||
1,132
|
T-Mobile U.S., Inc.
|
170,309
|
Total Common Stocks (Cost $5,273,056)
|
5,008,041
|
|
|
||
Short-Term Investments 10.9%
|
||
Investment Companies 10.9%
|
||
239,972
|
State Street Institutional
U.S. Government Money Market
Fund Premier Class, 5.31%(c)
|
239,972
|
334,509
|
State Street Navigator Securities
Lending Government Money Market
Portfolio, 5.37%(c)(d)
|
334,509
|
Total Short-Term Investments
(Cost $574,481)
|
574,481
|
|
Total Investments 106.3% (Cost $5,847,537)
|
5,582,522
|
|
Liabilities Less Other Assets (6.3)%
|
(330,673
)
|
|
Net Assets 100.0%
|
$5,251,849
|
*
|
Non-income producing security.
|
(a)
|
All or a portion of this security is on loan at November 30, 2023. Total value of all such securities at
November 30, 2023 amounted to $440,084, collateralized by cash collateral of $334,509 and non-cash
(U.S. Treasury Securities) collateral of $135,024 for the Fund.
|
(b)
|
Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended.
Regulation S applies to securities offerings that are made outside of the United States and do not involve
directed selling efforts in the United States and as such may have restrictions on resale. Total value of all
such securities at November 30, 2023 amounted to $334,285, which represents 6.4% of net assets of the
Fund.
|
(c)
|
Represents 7-day effective yield as of November 30, 2023.
|
(d)
|
Represents investment of cash collateral received from securities lending.
|
POSITIONS BY COUNTRY
|
||
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
United States
|
$3,525,237
|
67.1%
|
France
|
322,250
|
6.2%
|
China
|
237,105
|
4.5%
|
United Kingdom
|
143,777
|
2.8%
|
Italy
|
143,109
|
2.7%
|
Spain
|
137,840
|
2.6%
|
Israel
|
129,717
|
2.5%
|
Netherlands
|
127,809
|
2.4%
|
Canada
|
121,461
|
2.3%
|
Mexico
|
119,736
|
2.3%
|
Short-Term Investments and Other Liabilities—Net
|
243,808
|
4.6%
|
|
$5,251,849
|
100.0%
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Investments:
|
|
|
|
|
Common Stocks#
|
$5,008,041
|
$—
|
$—
|
$5,008,041
|
Short-Term Investments
|
—
|
574,481
|
—
|
574,481
|
Total Investments
|
$5,008,041
|
$574,481
|
$—
|
$5,582,522
|
#
|
The Schedule of Investments provides information on the industry or sector categorization as well as a
Positions by Country summary.
|
|
Investment in
CS Subsidiary
|
Percentage of
Net Assets
|
|
$45,105,994
|
16.4
%
|
Benchmarks:
|
|
SOFR
|
= Secured Overnight Financing Rate
|
Other Abbreviations:
|
|
JSC
|
= Joint Stock Company
|
Management
|
= Neuberger Berman Investment Advisers LLC
|
Currency Abbreviations:
|
|
USD
|
= United States Dollar
|