Valuation
Inputs
The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
July
31,
2023
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
Following
is
a
reconciliation
of
the
fund’s
Level
3
holdings
for
the
period ended
July
31,
2023.
Gain
(loss)
reflects
both
realized
and
change
in
unrealized
gain/loss
on
Level
3
holdings
during
the
period,
if
any.
The
change
in
unrealized
gain/loss
on
Level
3
instruments
held
at
July
31,
2023,
totaled $(13,030,000) for
the
period ended
July
31,
2023.
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Common
Stocks
$
659,288
$
326,850
$
10,242
$
996,380
Convertible
Preferred
Stocks
—
—
46,256
46,256
Limited
Partnerships
1,542
—
—
1,542
Preferred
Stocks
—
3,504
—
3,504
Short-Term
Investments
1
—
—
1
Securities
Lending
Collateral
30,006
—
—
30,006
Total
$
690,837
$
330,354
$
56,498
$
1,077,689
($000s)
Beginning
Balance
10/31/22
Gain
(Loss)
During
Period
Total
Purchases
Total
Sales
Ending
Balance
7/31/23
Investment
in
Securities
Common
Stocks
$
14,294
$
(3,483)
$
—
$
(569)
$
10,242
Convertible
Preferred
Stocks
53,757
(9,369)
2,139
(271)
46,256
Total
$
68,051
$
(12,852)
$
2,139
$
(840)
$
56,498