|
Shares
|
|
Value
|
Common Stocks – 96.8%
|
|
|
|
Aerospace & Defense – 4.1%
|
|
|
|
BAE Systems PLC
|
7,015,060
|
|
$117,115,469
|
Automobiles – 1.3%
|
|
|
|
Toyota Motor Corp
|
1,776,700
|
|
36,583,773
|
Banks – 4.7%
|
|
|
|
BNP Paribas SA
|
778,295
|
|
49,866,180
|
Erste Group Bank AG
|
914,334
|
|
43,297,819
|
HDFC Bank Ltd
|
1,990,041
|
|
40,202,337
|
|
|
|
133,366,336
|
Beverages – 0.9%
|
|
|
|
Monster Beverage Corp*
|
534,928
|
|
26,719,654
|
Biotechnology – 3.3%
|
|
|
|
Akero Therapeutics Inc*
|
191,879
|
|
4,501,482
|
Argenx SE (ADR)*
|
28,883
|
|
12,420,845
|
Ascendis Pharma A/S (ADR)*
|
131,927
|
|
17,992,204
|
Biohaven Ltd*
|
379,631
|
|
13,176,992
|
Madrigal Pharmaceuticals Inc*
|
32,409
|
|
9,079,706
|
Vaxcyte Inc*
|
509,516
|
|
38,473,553
|
|
|
|
95,644,782
|
Capital Markets – 1.9%
|
|
|
|
Morgan Stanley
|
559,032
|
|
54,332,320
|
Chemicals – 2.0%
|
|
|
|
Linde PLC
|
131,309
|
|
57,619,702
|
Commercial Services & Supplies – 1.2%
|
|
|
|
Rentokil Initial PLC
|
6,072,874
|
|
35,404,186
|
Diversified Financial Services – 1.2%
|
|
|
|
Mastercard Inc - Class A
|
74,815
|
|
33,005,385
|
Diversified Telecommunication Services – 1.6%
|
|
|
|
Deutsche Telekom AG
|
1,794,519
|
|
45,136,411
|
Electronic Equipment, Instruments & Components – 1.7%
|
|
|
|
Hexagon AB - Class B
|
4,456,194
|
|
50,042,694
|
Entertainment – 3.4%
|
|
|
|
Liberty Media Corp-Liberty Formula One - Series C*
|
1,340,842
|
|
96,326,089
|
Health Care Equipment & Supplies – 0.5%
|
|
|
|
Edwards Lifesciences Corp*
|
162,793
|
|
15,037,189
|
Hotels, Restaurants & Leisure – 3.9%
|
|
|
|
Booking Holdings Inc
|
7,533
|
|
29,841,980
|
Chipotle Mexican Grill Inc*
|
793,500
|
|
49,712,775
|
Entain PLC
|
3,964,808
|
|
31,385,133
|
|
|
|
110,939,888
|
Independent Power and Renewable Electricity Producers – 3.4%
|
|
|
|
Vistra Corp
|
1,117,726
|
|
96,102,082
|
Industrial Real Estate Investment Trusts (REITs) – 0.8%
|
|
|
|
Segro PLC
|
2,114,801
|
|
24,028,615
|
Insurance – 6.5%
|
|
|
|
AIA Group Ltd
|
4,361,600
|
|
29,576,738
|
Arthur J Gallagher & Co
|
262,816
|
|
68,150,817
|
Dai-ichi Life Holdings Inc
|
3,264,500
|
|
87,656,828
|
|
|
|
185,384,383
|
Interactive Media & Services – 1.6%
|
|
|
|
Meta Platforms Inc - Class A
|
90,114
|
|
45,437,281
|
Life Sciences Tools & Services – 1.4%
|
|
|
|
ICON PLC*
|
123,690
|
|
38,773,104
|
Machinery – 0.9%
|
|
|
|
Deere & Co
|
69,577
|
|
25,996,055
|
Metals & Mining – 3.3%
|
|
|
|
Teck Resources Ltd
|
1,965,787
|
|
94,215,217
|
Multiline Retail – 2.8%
|
|
|
|
Amazon.com Inc*
|
419,460
|
|
81,060,645
|
Oil, Gas & Consumable Fuels – 6.0%
|
|
|
|
Canadian Natural Resources Ltd
|
2,059,938
|
|
73,333,793
|
Marathon Petroleum Corp
|
574,508
|
|
99,665,648
|
|
|
|
172,999,441
|
Personal Products – 2.0%
|
|
|
|
Unilever PLC
|
1,042,356
|
|
57,380,756
|
|
Shares
|
|
Value
|
Common Stocks – (continued)
|
|
|
|
Pharmaceuticals – 4.1%
|
|
|
|
AstraZeneca PLC
|
261,786
|
|
$40,805,042
|
Merck & Co Inc
|
335,691
|
|
41,558,546
|
Novo Nordisk A/S (ADR)
|
247,428
|
|
35,317,873
|
|
|
|
117,681,461
|
Road & Rail – 1.9%
|
|
|
|
Full Truck Alliance Co (ADR)
|
2,352,617
|
|
18,915,041
|
TFI International Inc
|
246,223
|
|
35,741,730
|
|
|
|
54,656,771
|
Semiconductor & Semiconductor Equipment – 13.3%
|
|
|
|
Advanced Micro Devices Inc*
|
75,767
|
|
12,290,165
|
ASML Holding NV
|
73,830
|
|
76,159,632
|
Lam Research Corp
|
55,099
|
|
58,672,170
|
NVIDIA Corp
|
417,920
|
|
51,629,837
|
Taiwan Semiconductor Manufacturing Co Ltd
|
6,113,000
|
|
181,846,277
|
|
|
|
380,598,081
|
Software – 8.4%
|
|
|
|
Microsoft Corp
|
400,660
|
|
179,074,987
|
Synopsys Inc*
|
50,940
|
|
30,312,356
|
Workday Inc - Class A*
|
137,999
|
|
30,851,057
|
|
|
|
240,238,400
|
Specialty Retail – 2.0%
|
|
|
|
TJX Cos Inc
|
530,775
|
|
58,438,328
|
Textiles, Apparel & Luxury Goods – 3.1%
|
|
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
28,495
|
|
21,879,726
|
Samsonite International SAž
|
22,023,600
|
|
65,704,581
|
|
|
|
87,584,307
|
Trading Companies & Distributors – 2.5%
|
|
|
|
Ferguson PLC
|
367,529
|
|
71,171,991
|
Wireless Telecommunication Services – 1.1%
|
|
|
|
SoftBank Group Corp
|
463,600
|
|
30,228,192
|
Total Common Stocks (cost $1,807,022,592)
|
|
|
2,769,248,988
|
Preferred Stocks – 0.8%
|
|
|
|
Automobiles – 0.8%
|
|
|
|
Dr Ing hc F Porsche AGž (cost $29,160,153)
|
296,585
|
|
22,046,776
|
Private Placements – 0%
|
|
|
|
Software – 0%
|
|
|
|
Magic Leap Inc - Class A private equity common shares*,¢,§ (cost $9,254,547)
|
19,041
|
|
0
|
Investment Companies – 2.6%
|
|
|
|
Money Markets – 2.6%
|
|
|
|
Janus Henderson Cash Liquidity Fund LLC, 5.3419%ºº,£ (cost $74,558,553)
|
74,545,177
|
|
74,560,086
|
Total Investments (total cost $1,919,995,845) – 100.2%
|
|
|
2,865,855,850
|
Liabilities, net of Cash, Receivables and Other Assets – (0.2)%
|
|
|
(7,003,004)
|
Net Assets – 100%
|
|
|
$2,858,852,846
|
Summary of Investments by Country - (Long Positions) (unaudited)
|
|
|
Country
|
Value
|
% of
Investment
Securities
|
United States
|
$1,452,798,878
|
50.7
%
|
United Kingdom
|
306,119,201
|
10.7
|
Canada
|
203,290,740
|
7.1
|
Taiwan
|
181,846,277
|
6.3
|
Japan
|
154,468,793
|
5.4
|
Hong Kong
|
95,281,319
|
3.3
|
Netherlands
|
76,159,632
|
2.7
|
France
|
71,745,906
|
2.5
|
Germany
|
67,183,187
|
2.3
|
Denmark
|
53,310,077
|
1.9
|
Sweden
|
50,042,694
|
1.7
|
Austria
|
43,297,819
|
1.5
|
India
|
40,202,337
|
1.4
|
Ireland
|
38,773,104
|
1.4
|
China
|
18,915,041
|
0.7
|
Belgium
|
12,420,845
|
0.4
|
Total
|
$2,865,855,850
|
100.0
%
|
Schedule of Affiliated Investments - (% of Net Assets)
|
||||||||
Affiliate
|
Affiliated
Investments,
at Value at
9/30/23
|
Purchases
|
Sales
Proceeds
|
Realized
Gain/(Loss)
|
Change in
Unrealized
Appreciation/
Depreciation
|
Affiliated
Investments,
at Value at
6/30/24
|
Ending
Shares
|
Dividend
Income
|
Investment Companies - 2.6%
|
||||||||
Money Markets - 2.6%
|
||||||||
Janus Henderson Cash Liquidity Fund LLC, 5.3419%ºº
|
||||||||
|
$53,372,825
|
$374,830,420
|
$(353,637,823)
|
$(809)
|
$(4,527)
|
$74,560,086
|
74,545,177
|
$2,470,178
|
Investments Purchased with Cash Collateral from Securities Lending - N/A
|
||||||||
Investment Companies - N/A
|
||||||||
Janus Henderson Cash Collateral Fund LLC, 5.2795%ºº
|
||||||||
|
12,781,962
|
119,740,576
|
(132,522,538)
|
-
|
-
|
-
|
-
|
23,958
∆
|
Total Affiliated Investments - 2.6%
|
||||||||
|
$66,154,787
|
$494,570,996
|
$(486,160,361)
|
$(809)
|
$(4,527)
|
$74,560,086
|
74,545,177
|
$2,494,136
|
Schedule of Total Return Swaps
|
|
|||||
Counterparty/
Return Paid
by the Fund
|
Return Received
by the Fund
|
Payment
Frequency
|
Termination
Date
|
Notional
Amount
|
|
Swap
Contracts, at
Value and
Unrealized
Appreciation/
(Depreciation)
|
UBS AG, London Branch:
|
|
|
|
|
|
|
Euro short-term rate + 0.55%
|
Ryanair Holdings PLC
|
At Maturity
|
1/15/25
|
22,613,060
|
EUR
|
$(3,007,653)
|
Average Ending Monthly Value of Derivative Instruments During the Period Ended June
30, 2024
|
|
Options:
|
|
Average value of option contracts written
|
$1,097,690
|
Total return swaps:
|
|
Average notional amount
|
15,829,142
|
ADR
|
American Depositary Receipt
|
LLC
|
Limited Liability Company
|
PLC
|
Public Limited Company
|
ž
|
Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject
to legal and/or contractual restrictions on resale
and may not be publicly sold without registration under the 1933 Act. Unless otherwise
noted, these securities have been determined to be
liquid under guidelines established by the Board of Trustees. The total value of 144A
securities as of the period ended June 30, 2024 is
$87,751,357, which represents 3.1% of net assets.
|
*
|
Non-income producing security.
|
ºº
|
Rate shown is the 7-day yield as of June 30, 2024.
|
¢
|
Security is valued using significant unobservable inputs. The total value of Level
3 securities as of the period ended June 30, 2024 is $0,
which represents 0.0% of net assets.
|
£
|
The Fund may invest in certain securities that are considered affiliated companies.
As defined by the Investment Company Act of 1940, as
amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding
voting securities, or a company which is
under common ownership or control.
|
∆
|
Net of income paid to the securities lending agent and rebates paid to the borrowing
counterparties.
|
§
|
Schedule of Restricted Securities (as of June 30, 2024)
|
|
Acquisition
Date
|
Cost
|
Value
|
Value as a
% of Net
Assets
|
Magic Leap Inc - Class A private equity common shares
|
10/5/17
|
$9,254,547
|
$0
|
0.0
%
|
Valuation Inputs Summary
|
|||
|
Level 1 -
Quoted Prices
|
Level 2 -
Other Significant
Observable Inputs
|
Level 3 -
Significant
Unobservable Inputs
|
Assets
|
|
|
|
Investments In Securities:
|
|
|
|
Common Stocks
|
|
|
|
Aerospace & Defense
|
$-
|
$117,115,469
|
$-
|
Automobiles
|
-
|
36,583,773
|
-
|
Banks
|
-
|
133,366,336
|
-
|
Commercial Services & Supplies
|
-
|
35,404,186
|
-
|
Diversified Telecommunication Services
|
-
|
45,136,411
|
-
|
Electronic Equipment, Instruments & Components
|
-
|
50,042,694
|
-
|
Hotels, Restaurants & Leisure
|
79,554,755
|
31,385,133
|
-
|
Industrial Real Estate Investment Trusts (REITs)
|
-
|
24,028,615
|
-
|
Insurance
|
68,150,817
|
117,233,566
|
-
|
Personal Products
|
-
|
57,380,756
|
-
|
Pharmaceuticals
|
76,876,419
|
40,805,042
|
-
|
Semiconductor & Semiconductor Equipment
|
122,592,172
|
258,005,909
|
-
|
Textiles, Apparel & Luxury Goods
|
-
|
87,584,307
|
-
|
Wireless Telecommunication Services
|
-
|
30,228,192
|
-
|
All Other
|
1,357,774,436
|
-
|
-
|
Preferred Stocks
|
-
|
22,046,776
|
-
|
Private Placements
|
-
|
-
|
0
|
Investment Companies
|
-
|
74,560,086
|
-
|
Total Assets
|
$1,704,948,599
|
$1,160,907,251
|
$0
|
Liabilities
|
|
|
|
Other Financial Instruments(a):
|
|
|
|
OTC Swaps
|
$-
|
$3,007,653
|
$-
|
(a)
|
Other financial instruments may include forward foreign currency exchange contracts,
futures, written options, written swaptions, and swap
contracts. Forward foreign currency exchange contracts, futures contracts, and swap
contracts are reported at their unrealized
appreciation/(depreciation) at measurement date, which represents the change in the
contract's value from trade date. Written options and
written swaptions are reported at their market value at measurement date.
|