Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $687,372,779 | $— | $— | $687,372,779 | |||
Short-Term Investments | 4,176,791 | — | — | 4,176,791 | |||
Total Investments at Value | $691,549,570 | $— | $— | $691,549,570 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $91,040,670 | $— | $— | $91,040,670 | |||
Corporate Bonds & Notes | — | 16,270,330 | — | 16,270,330 | |||
Asset Backed Securities | — | 6,409,938 | — | 6,409,938 | |||
Collateralized Mortgage Obligations | — | 4,422,563 | — | 4,422,563 | |||
U.S. Government & Agency Obligations | — | 25,473,675 | — | 25,473,675 | |||
Municipal Securities | — | 30,420 | — | 30,420 | |||
Escrows and Litigation Trusts | — | 44 | — | 44 | |||
Short-Term Investments | 356,863 | — | — | 356,863 | |||
Repurchase Agreements | — | 2,515,503 | — | 2,515,503 | |||
Total Investments at Value | $91,397,533 | $55,122,473 | $— | $146,520,006 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Security Description | Shares or Principal Amount | Value | ||
SHORT-TERM INVESTMENTS — 6.2% | ||||
Unaffiliated Investment Companies — 6.2% | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28%(1) (cost $8,762,894) | 8,762,894 | $ 8,762,894 | ||
TOTAL INVESTMENTS (cost $113,426,672) | 103.0% | 146,657,365 | ||
Other assets less liabilities | (3.0) | (4,222,885) | ||
NET ASSETS | 100.0% | $142,434,480 |
† | Non-income producing security |
(1) | The rate shown is the 7-day yield as of February 29, 2024. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $137,894,471 | $— | $— | $137,894,471 | |||
Short-Term Investments | 8,762,894 | — | — | 8,762,894 | |||
Total Investments at Value | $146,657,365 | $— | $— | $146,657,365 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $298,318,367 | $— | $— | $298,318,367 | |||
Short-Term Investments | 2,210,924 | — | — | 2,210,924 | |||
Total Investments at Value | $300,529,291 | $— | $— | $300,529,291 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $1,052,213,389 | $— | $1,052,213,389 | |||
Asset Backed Securities | — | 35,328,586 | — | 35,328,586 | |||
Collateralized Mortgage Obligations | — | 33,788,294 | — | 33,788,294 | |||
U.S. Government & Agency Obligations | — | 1,357,077,936 | — | 1,357,077,936 | |||
Foreign Government Obligations | — | 63,794,811 | — | 63,794,811 | |||
Common Stocks | — | — | 7,578,891 | 7,578,891 | |||
Preferred Stocks | 22,961 | — | — | 22,961 | |||
Escrows and Litigation Trusts | — | 186 | — | 186 | |||
Short-Term Investments | 123,439,636 | — | — | 123,439,636 | |||
Total Investments at Value | $123,462,597 | $2,542,203,202 | $7,578,891 | $2,673,244,690 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Banks | $62,692,721 | $2,178,580 | $— | $64,871,301 | |||
Beverages | 7,445,620 | 5,867,784 | — | 13,313,404 | |||
Healthcare-Products | 16,969,357 | 4,145,293 | — | 21,114,650 | |||
Home Furnishings | — | 6,300,397 | — | 6,300,397 | |||
Household Products/Wares | — | 1,924,644 | — | 1,924,644 | |||
Insurance | 40,240,965 | 2,098,866 | — | 42,339,831 | |||
Internet | 2,695,715 | 1,540,645 | — | 4,236,360 | |||
Machinery-Construction & Mining | — | 2,021,931 | — | 2,021,931 | |||
Miscellaneous Manufacturing | — | 1,264,605 | — | 1,264,605 | |||
Oil & Gas | 16,803,267 | 18,949,268 | — | 35,752,535 | |||
Pharmaceuticals | 39,846,341 | 15,422,276 | — | 55,268,617 | |||
Retail | 14,153,042 | 1,110,960 | — | 15,264,002 | |||
Semiconductors | 12,162,987 | 8,020,276 | — | 20,183,263 | |||
Other Industries | 366,094,345 | — | — | 366,094,345 | |||
Short-Term Investments | 26,592,114 | — | — | 26,592,114 | |||
Total Investments at Value | $605,696,474 | $70,845,525 | $— | $676,541,999 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
110 | Long | S&P 500 E-Mini Index | March 2024 | $26,865,817 | $28,070,625 | $1,204,808 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $119,399,343 | $— | $— | $119,399,343 | |||
U.S. Government & Agency Obligations | — | 21,573,728 | — | 21,573,728 | |||
Purchased Options | — | 776,173 | — | 776,173 | |||
Short-Term Investments | 6,507,174 | — | — | 6,507,174 | |||
Total Investments at Value | $125,906,517 | $22,349,901 | $— | $148,256,418 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $1,204,808 | $— | $— | $1,204,808 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Industry Allocation* | |
Semiconductors | 18.5% |
Banks | 18.1 |
Internet | 9.7 |
Oil & Gas | 8.7 |
Insurance | 4.6 |
Auto Manufacturers | 4.5 |
Computers | 3.7 |
Telecommunications | 3.0 |
Diversified Financial Services | 2.6 |
Software | 2.3 |
Transportation | 2.2 |
Airlines | 2.2 |
Home Furnishings | 2.2 |
Mining | 2.0 |
Electronics | 1.8 |
Engineering & Construction | 1.7 |
Auto Parts & Equipment | 1.5 |
Food | 1.1 |
Industry Allocation*(continued) | |
Miscellaneous Manufacturing | 1.1% |
Retail | 0.9 |
Beverages | 0.8 |
Coal | 0.7 |
Electric | 0.7 |
Forest Products & Paper | 0.4 |
Aerospace/Defense | 0.4 |
Iron/Steel | 0.3 |
Pharmaceuticals | 0.3 |
Electrical Components & Equipment | 0.3 |
Machinery-Diversified | 0.3 |
Entertainment | 0.3 |
Real Estate | 0.3 |
Media | 0.3 |
Building Materials | 0.2 |
Short-Term Investments | 0.1 |
97.8% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $4,013,117 | $2,308,898 | $— | $6,322,015 | |||
Brazil | 41,877,548 | — | — | 41,877,548 | |||
Cayman Islands | 11,312,812 | 68,049,328 | — | 79,362,140 | |||
Chile | 1,963,792 | — | — | 1,963,792 | |||
Colombia | 1,814,471 | — | — | 1,814,471 | |||
India | 30,594,782 | 64,870,218 | — | 95,465,000 | |||
Mexico | 15,419,788 | — | — | 15,419,788 | |||
Panama | 3,511,649 | — | — | 3,511,649 | |||
Russia | — | — | 0 | 0 | |||
South Korea | 1,969,280 | 97,433,044 | — | 99,402,324 | |||
Thailand | 10,347,907 | 1,850,653 | — | 12,198,560 | |||
Other Countries | — | 287,764,787 | — | 287,764,787 | |||
Short-Term Investments | 664,368 | — | — | 664,368 | |||
Total Investments at Value | $123,489,514 | $522,276,928 | $0 | $645,766,442 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Industry Allocation* | |
REITS | 82.0% |
Real Estate | 11.3 |
Short-Term Investments | 2.1 |
Healthcare-Services | 2.1 |
Engineering & Construction | 0.8 |
Telecommunications | 0.5 |
Private Equity | 0.4 |
Building Materials | 0.2 |
Transportation | 0.2 |
99.6% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Canada | $7,036,330 | $— | $— | $7,036,330 | |||
Mexico | 2,066,119 | — | — | 2,066,119 | |||
United States | 164,319,143 | — | — | 164,319,143 | |||
Other Countries | — | 80,318,889 | — | 80,318,889 | |||
Short-Term Investments: | |||||||
Sovereign | — | 1,020,851 | — | 1,020,851 | |||
Other Short-Term Investments | 4,536,941 | — | — | 4,536,941 | |||
Total Investments at Value | $177,958,533 | $81,339,740 | $— | $259,298,273 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
9 | Long | S&P 500 E-Mini Index | March 2024 | $2,164,068 | $2,296,687 | $132,619 |
45 | Long | U.S. Treasury Ultra 10 Year Notes | June 2024 | 5,133,944 | 5,137,735 | 3,791 |
$136,410 |
Unrealized (Depreciation) | ||||||
8 | Long | Euro Buxl 30 Year Bonds | March 2024 | $1,168,770 | $1,151,354 | $(17,416) |
13 | Short | U.S. Treasury 10 Year Notes | June 2024 | 1,432,768 | 1,435,688 | (2,920) |
$(20,336) | ||||||
Net Unrealized Appreciation (Depreciation) | $116,074 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Forward Foreign Currency Contracts | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
Citibank, N.A. | CAD | 1,060,000 | USD | 785,581 | 04/25/2024 | $ 3,894 | $ — | |
GBP | 1,720,000 | USD | 2,155,263 | 03/08/2024 | — | (15,936) | ||
USD | 263,822 | MXN | 4,600,000 | 04/29/2024 | 3,681 | — | ||
7,575 | (15,936) | |||||||
HSBC Bank PLC | GBP | 1,620,000 | USD | 2,055,521 | 03/08/2024 | 10,554 | — | |
JPY | 225,000,000 | USD | 1,586,084 | 03/15/2024 | 82,716 | — | ||
USD | 792,553 | CAD | 1,060,000 | 04/25/2024 | — | (10,866) | ||
USD | 140,634 | EUR | 130,000 | 05/07/2024 | 237 | — | ||
93,507 | (10,866) | |||||||
JPMorgan Chase Bank, N.A. | EUR | 2,140,000 | USD | 2,326,351 | 05/07/2024 | 7,399 | — | |
GBP | 220,000 | USD | 277,957 | 03/08/2024 | 246 | — | ||
USD | 1,579,114 | JPY | 225,000,000 | 03/15/2024 | — | (75,747) | ||
7,645 | (75,747) | |||||||
Unrealized Appreciation (Depreciation) | $108,727 | $(102,549) |
CAD—Canadian Dollar |
EUR—Euro Currency |
GBP—British Pound |
JPY—Japanese Yen |
MXN—Mexican Peso |
USD—United States Dollar |
Industry Allocation* | |
Foreign Government Obligations | 8.1% |
Internet | 6.7 |
Short-Term Investments | 6.5 |
Software | 5.9 |
Diversified Financial Services | 5.3 |
Oil & Gas | 5.2 |
Banks | 5.0 |
Semiconductors | 4.9 |
Computers | 3.4 |
Investment Companies | 3.4 |
Collateralized Mortgage Obligations | 3.3 |
U.S. Government & Agency Obligations | 3.2 |
Pharmaceuticals | 2.8 |
Retail | 2.5 |
Industry Allocation*(continued) | |
Auto Manufacturers | 2.4% |
Insurance | 2.2 |
Telecommunications | 2.0 |
Electric | 1.7 |
Chemicals | 1.6 |
Mining | 1.4 |
Healthcare-Products | 1.4 |
Pipelines | 1.3 |
Biotechnology | 1.3 |
Commercial Services | 1.3 |
Iron/Steel | 1.2 |
Media | 1.1 |
Electronics | 1.1 |
Food | 1.0 |
Building Materials | 1.0 |
REITS | 0.9 |
Aerospace/Defense | 0.9 |
Apparel | 0.8 |
Cosmetics/Personal Care | 0.8 |
Healthcare-Services | 0.8 |
Beverages | 0.7 |
Airlines | 0.7 |
Transportation | 0.7 |
Distribution/Wholesale | 0.7 |
Entertainment | 0.7 |
Machinery-Construction & Mining | 0.6 |
Private Equity | 0.6 |
Engineering & Construction | 0.5 |
Miscellaneous Manufacturing | 0.5 |
Home Builders | 0.5 |
Gas | 0.5 |
Machinery-Diversified | 0.5 |
Hand/Machine Tools | 0.4 |
Electrical Components & Equipment | 0.4 |
Agriculture | 0.3 |
Real Estate | 0.3 |
Advertising | 0.3 |
Auto Parts & Equipment | 0.2 |
Lodging | 0.2 |
Forest Products & Paper | 0.2 |
Home Furnishings | 0.1 |
Environmental Control | 0.1 |
Toys/Games/Hobbies | 0.1 |
Packaging & Containers | 0.1 |
Shipbuilding | 0.1 |
Coal | 0.1 |
Metal Fabricate/Hardware | 0.1 |
Water | 0.1 |
102.7% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |
ASSETS: | ||||
Investments at Value:* | ||||
Common Stocks: | ||||
Bermuda | $733,760 | $— | $— | $733,760 |
Brazil | 856,758 | — | — | 856,758 |
Canada | 3,005,790 | — | — | 3,005,790 |
Cayman Islands | 280,421 | 1,613,164 | — | 1,893,585 |
Ireland | 981,445 | 542,054 | — | 1,523,499 |
Israel | 312,819 | — | — | 312,819 |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Liberia | $96,952 | $— | $— | $96,952 | |||
Mexico | 335,485 | — | — | 335,485 | |||
Netherlands | 464,684 | 3,087,548 | — | 3,552,232 | |||
Russia | — | — | 0 | 0 | |||
Switzerland | 140,139 | 2,406,657 | — | 2,546,796 | |||
United Kingdom | 159,153 | 4,620,759 | — | 4,779,912 | |||
United States | 76,654,995 | — | — | 76,654,995 | |||
Other Countries | — | 38,531,155 | — | 38,531,155 | |||
Corporate Bonds & Notes | — | 43,486,887 | — | 43,486,887 | |||
Loans | — | 824,025 | — | 824,025 | |||
Collateralized Mortgage Obligations | — | 7,116,825 | — | 7,116,825 | |||
U.S. Government & Agency Obligations | — | 6,988,078 | — | 6,988,078 | |||
Foreign Government Obligations | — | 17,855,949 | — | 17,855,949 | |||
Warrants | — | — | 0 | 0 | |||
Short-Term Investments: | |||||||
Sovereign | — | 1,799,737 | — | 1,799,737 | |||
Other Short-Term Investments | 12,493,624 | — | — | 12,493,624 | |||
Total Investments at Value | $96,516,025 | $128,872,838 | $0 | $225,388,863 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $136,410 | $— | $— | $136,410 | |||
Forward Foreign Currency Contracts | — | 108,727 | — | 108,727 | |||
Total Other Financial Instruments | $136,410 | $108,727 | $— | $245,137 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $20,336 | $— | $— | $20,336 | |||
Forward Foreign Currency Contracts | — | 102,549 | — | 102,549 | |||
Total Other Financial Instruments | $20,336 | $102,549 | $— | $122,885 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $7,317,865 | $— | $7,317,865 | |||
Asset Backed Securities | — | 3,430,771 | — | 3,430,771 | |||
Collateralized Mortgage Obligations | — | 28,730,419 | — | 28,730,419 | |||
U.S. Government & Agency Obligations | — | 82,761,216 | — | 82,761,216 | |||
Municipal Securities | — | 255,446 | — | 255,446 | |||
Repurchase Agreements | — | 6,263,322 | — | 6,263,322 | |||
Total Investments at Value | $— | $128,759,039 | $— | $128,759,039 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Security Description | Shares or Principal Amount | Value | ||
SHORT-TERM INVESTMENTS — 0.2% | ||||
Unaffiliated Investment Companies — 0.2% | ||||
State Street Institutional Treasury Money Market Fund, Premier Class 5.25%(3) | 1,601,228 | $ 1,601,228 | ||
State Street Navigator Securities Lending Government Money Market Portfolio 5.35%(3)(4) | 1,891,500 | 1,891,500 | ||
3,492,728 | ||||
U.S. Government — 0.0% | ||||
United States Treasury Bills | ||||
5.22%, 03/21/2024(5) | $ 20,000 | 19,941 | ||
Total Short-Term Investments (cost $3,512,670) | 3,512,669 | |||
TOTAL INVESTMENTS (cost $1,219,579,359) | 100.1% | 1,713,304,599 | ||
Other assets less liabilities | (0.1) | (2,218,628) | ||
NET ASSETS | 100.0% | $1,711,085,971 |
† | Non-income producing security |
# | The security or a portion thereof is out on loan. |
(1) | Securities classified as Level 3 (see Note 1). |
(2) | Denotes a restricted security that: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from registration, under the Securities Act of 1933, as amended (the “1933 Act”); (b) is subject to a contractual restriction on public sales; or (c) is otherwise subject to a restriction on sales by operation of applicable law. Restricted securities are valued pursuant to Note 1. Certain restricted securities held by the Fund may not be sold except in exempt transactions or in a public offering registered under the 1933 Act. The Fund has no right to demand registration of these securities. The risk of investing in certain restricted securities is greater than the risk of investing in the securities of widely held, publicly traded companies. To the extent applicable, lack of a secondary market and resale restrictions may result in the inability of a Fund to sell a security at a fair price and may substantially delay the sale of the security. In addition, certain restricted securities may exhibit greater price volatility than securities for which secondary markets exist. As of February 29, 2024, the Fund held the following restricted securities: |
Description | Acquisition Date | Shares or Principal Amount | Acquisition Cost | Value | Value Per Share | % of Net Assets | ||||||
Convertible Preferred Stocks | ||||||||||||
ByteDance, Ltd., Series E-1 | 12/10/2020 | 47,885 | $5,246,959 | $7,747,916 | $161.80 | 0.4% |
(3) | The rate shown is the 7-day yield as of February 29, 2024. |
(4) | At February 29, 2024, the Fund had loaned securities with a total value of $9,771,121. This was secured by collateral of $1,891,500, which was received in cash and subsequently invested in short-term investments currently valued at $1,891,500 as reported in the Portfolio of Investments. Additional collateral of $8,183,954 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of February 29, 2024 | |||
United States Treasury Notes/Bonds | 0.00% to 5.56% | 03/15/2024 to 02/15/2054 | $8,183,954 |
(5) | The security or a portion thereof was pledged as collateral to cover margin requirements for open futures contracts. |
ETF—Exchange Traded Fund |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
1 | Long | S&P 500 E-Mini Index | March 2024 | $234,904 | $255,188 | $20,284 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Apparel | $1,004,280 | $16,219,117 | $— | $17,223,397 | |||
Other Industries | 1,683,385,817 | — | — | 1,683,385,817 | |||
Convertible Preferred Stocks | — | — | 7,747,916 | 7,747,916 | |||
Unaffiliated Investment Companies | 1,434,800 | — | — | 1,434,800 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 19,941 | — | 19,941 | |||
Other Short-Term Investments | 3,492,728 | — | — | 3,492,728 | |||
Total Investments at Value | $1,689,317,625 | $16,239,058 | $7,747,916 | $1,713,304,599 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $20,284 | $— | $— | $20,284 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Forward Foreign Currency Contracts | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
Barclays Bank PLC | EUR | 7,346,331 | USD | 7,991,539 | 03/28/2024 | $43,902 | $— | |
JPMorgan Chase Bank, N.A. | GBP | 3,012,000 | USD | 3,821,802 | 03/28/2024 | 19,211 | — | |
Morgan Stanley & Co. International PLC | EUR | 480,000 | USD | 521,430 | 03/28/2024 | 2,141 | — | |
Standard Chartered Bank | GBP | 100,000 | USD | 126,897 | 03/28/2024 | 648 | — | |
State Street Bank & Trust Company | GBP | 89,000 | USD | 112,852 | 03/28/2024 | 491 | — | |
UBS AG | GBP | 550,000 | USD | 697,501 | 03/28/2024 | 3,137 | — | |
Unrealized Appreciation (Depreciation) | $69,530 | $— |
EUR—Euro Currency |
GBP—British Pound |
USD—United States Dollar |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $382,668,607 | $— | $382,668,607 | |||
Convertible Bonds & Notes | — | 8,290,392 | — | 8,290,392 | |||
Loans | — | 8,220,377 | — | 8,220,377 | |||
Short-Term Investments | 16,742,665 | — | — | 16,742,665 | |||
Repurchase Agreements | — | 18,613,165 | — | 18,613,165 | |||
Total Investments at Value | $16,742,665 | $417,792,541 | $— | $434,535,206 | |||
Other Financial Instruments:† | |||||||
Forward Foreign Currency Contracts | $— | $69,530 | $— | $69,530 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Inflation Swaps | ||||||||||||
Counterparty (OTC)/ Centrally cleared | Notional amount | Currency | Payments made | Payments received | Fixed payment frequency | Floating payment frequency | Maturity date | Upfront payment paid (received) | Unrealized appreciation (depreciation) | Value | ||
Bank of America, N.A. | 39,860,000 | USD | Fixed 3.430% | 12-Month USA CPI | Maturity | Maturity | Apr 2027 | $— | $(348,913) | $(348,913) |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
122 | Long | U.S. Treasury 10 Year Notes | June 2024 | $13,467,379 | $13,473,375 | $ 5,996 |
352 | Short | Canada 10 Year Bonds | June 2024 | 31,171,764 | 31,090,329 | 81,435 |
42 | Short | Euro-BUND | March 2024 | 6,070,899 | 6,021,459 | 49,440 |
129 | Short | Euro-OAT | March 2024 | 17,827,918 | 17,802,940 | 24,978 |
$161,849 |
Unrealized (Depreciation) | ||||||
152 | Short | Euro-BTP | March 2024 | $18,997,257 | $19,355,649 | $(358,392) |
435 | Short | U.S. Treasury 2 Year Notes | June 2024 | 89,023,831 | 89,066,251 | (42,420) |
63 | Short | U.S. Treasury Ultra Bonds | June 2024 | 8,047,565 | 8,056,125 | (8,560) |
$(409,372) | ||||||
Net Unrealized Appreciation (Depreciation) | $(247,523) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Forward Foreign Currency Contracts | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
Bank of America, N.A. | AUD | 835,000 | USD | 551,390 | 03/20/2024 | $ 8,371 | $ — | |
MXN | 89,152,000 | USD | 5,035,983 | 03/20/2024 | — | (181,232) | ||
NZD | 1,100,000 | USD | 688,161 | 03/20/2024 | 18,421 | — | ||
26,792 | (181,232) |
Forward Foreign Currency Contracts — (continued) | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
Barclays Bank PLC | EUR | 1,772,000 | USD | 1,940,860 | 03/20/2024 | $ 24,452 | $ — | |
MXN | 89,153,000 | USD | 5,033,054 | 03/20/2024 | — | (184,220) | ||
24,452 | (184,220) | |||||||
BNP Paribas SA | USD | 692,339 | EUR | 629,000 | 03/20/2024 | — | (12,079) | |
Deutsche Bank AG | EUR | 37,745,000 | USD | 41,542,071 | 03/20/2024 | 721,062 | — | |
NZD | 56,539,000 | USD | 34,585,766 | 03/20/2024 | 161,727 | — | ||
882,789 | — | |||||||
Goldman Sachs International | BRL | 48,933,000 | USD | 9,788,871 | 03/20/2024 | — | (37,736) | |
Royal Bank of Canada | AUD | 47,732,000 | USD | 31,434,135 | 03/20/2024 | 392,925 | — | |
CAD | 22,924,000 | USD | 16,922,265 | 03/20/2024 | 26,273 | — | ||
419,198 | — | |||||||
Unrealized Appreciation (Depreciation) | $1,353,231 | $(415,267) |
AUD—Australian Dollar |
BRL—Brazilian Real |
CAD—Canadian Dollar |
EUR—Euro Currency |
MXN—Mexican Peso |
NZD—New Zealand Dollar |
USD—United States Dollar |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $18,268,166 | $— | $18,268,166 | |||
Asset Backed Securities | — | 3,888,851 | — | 3,888,851 | |||
Collateralized Mortgage Obligations | — | 10,620,603 | — | 10,620,603 | |||
U.S. Government & Agency Obligations | — | 220,277,438 | — | 220,277,438 | |||
Foreign Government Obligations | — | 141,262,697 | — | 141,262,697 | |||
Municipal Securities | — | 3,267,445 | — | 3,267,445 | |||
Escrows and Litigation Trusts | — | — | 1,563 | 1,563 | |||
Repurchase Agreements | — | 1,164,651 | — | 1,164,651 | |||
Total Investments at Value | $— | $398,749,851 | $1,563 | $398,751,414 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $161,849 | $— | $— | $161,849 | |||
Forward Foreign Currency Contracts | — | 1,353,231 | — | 1,353,231 | |||
Total Other Financial Instruments | $161,849 | $1,353,231 | $— | $1,515,080 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Swaps | $— | $348,913 | $— | $348,913 | |||
Futures Contracts | 409,372 | — | — | 409,372 | |||
Forward Foreign Currency Contracts | — | 415,267 | — | 415,267 | |||
Total Other Financial Instruments | $409,372 | $764,180 | $— | $1,173,552 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
222 | Long | MSCI EAFE Index | March 2024 | $24,705,305 | $25,395,690 | $690,385 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Industry Allocation* | |
Banks | 11.1% |
Pharmaceuticals | 9.0 |
Insurance | 5.3 |
Semiconductors | 4.5 |
Auto Manufacturers | 4.3 |
Oil & Gas | 4.0 |
Food | 3.8 |
Chemicals | 2.8 |
Telecommunications | 2.8 |
Commercial Services | 2.6 |
Electric | 2.5 |
Mining | 2.5 |
Apparel | 2.4 |
Healthcare-Products | 2.2 |
Machinery-Diversified | 2.2 |
Retail | 2.1 |
Aerospace/Defense | 2.0 |
Cosmetics/Personal Care | 2.0 |
Building Materials | 2.0 |
Software | 1.8 |
Short-Term Investments | 1.8 |
Distribution/Wholesale | 1.8 |
Beverages | 1.7 |
Electronics | 1.7 |
Machinery-Construction & Mining | 1.6 |
Diversified Financial Services | 1.5 |
Engineering & Construction | 1.3 |
Transportation | 1.1 |
Miscellaneous Manufacturing | 1.1 |
Computers | 1.1 |
Electrical Components & Equipment | 1.0 |
Internet | 1.0 |
Industry Allocation*(continued) | |
Real Estate | 0.9% |
Auto Parts & Equipment | 0.9 |
Entertainment | 0.8 |
Home Furnishings | 0.8 |
REITS | 0.7 |
Biotechnology | 0.7 |
Agriculture | 0.7 |
Iron/Steel | 0.5 |
Investment Companies | 0.5 |
Private Equity | 0.5 |
Toys/Games/Hobbies | 0.5 |
Gas | 0.5 |
Healthcare-Services | 0.4 |
Household Products/Wares | 0.4 |
Repurchase Agreements | 0.4 |
Lodging | 0.4 |
Media | 0.3 |
Food Service | 0.3 |
Hand/Machine Tools | 0.3 |
Water | 0.3 |
Metal Fabricate/Hardware | 0.3 |
Home Builders | 0.2 |
Forest Products & Paper | 0.2 |
Advertising | 0.2 |
Office/Business Equipment | 0.2 |
Energy-Alternate Sources | 0.2 |
Leisure Time | 0.2 |
Packaging & Containers | 0.1 |
101.0% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Cayman Islands | $2,956,027 | $6,079,228 | $— | $9,035,255 | |||
Ireland | 6,642,448 | 13,347,468 | — | 19,989,916 | |||
Israel | 6,387,526 | 7,362,790 | — | 13,750,316 | |||
Netherlands | 1,720,651 | 120,472,422 | — | 122,193,073 | |||
United Kingdom | 1,577,941 | 240,457,770 | — | 242,035,711 | |||
Other Countries | — | 1,434,781,608 | — | 1,434,781,608 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 3,743,951 | — | 3,743,951 | |||
Other Short-Term Investments | 30,083,784 | — | — | 30,083,784 | |||
Repurchase Agreements | — | 7,183,068 | — | 7,183,068 | |||
Total Investments at Value | $49,368,377 | $1,833,428,305 | $— | $1,882,796,682 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $690,385 | $— | $— | $690,385 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Industry Allocation* | |
Foreign Government Obligations | 57.2% |
U.S. Government & Agency Obligations | 32.0 |
Electric | 1.5 |
Oil & Gas | 0.9 |
Internet | 0.9 |
Diversified Financial Services | 0.8 |
Banks | 0.8 |
Short-Term Investments | 0.7 |
Commercial Services | 0.4 |
Mining | 0.3 |
Investment Companies | 0.3 |
Energy-Alternate Sources | 0.3 |
Computers | 0.3 |
Forest Products & Paper | 0.3 |
Transportation | 0.3 |
Food | 0.2 |
97.2% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $4,386,473 | $— | $4,386,473 | |||
U.S. Government & Agency Obligations | — | 19,105,492 | — | 19,105,492 | |||
Foreign Government Obligations | — | 34,177,707 | — | 34,177,707 | |||
Short-Term Investments | 399,000 | — | — | 399,000 | |||
Total Investments at Value | $399,000 | $57,669,672 | $— | $58,068,672 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Industry Allocation* | |
Internet | 14.7% |
Apparel | 14.2 |
Transportation | 13.4 |
Semiconductors | 11.2 |
Retail | 9.6 |
Machinery-Diversified | 5.1 |
Banks | 4.8 |
Healthcare-Products | 4.7 |
Commercial Services | 3.6 |
Industry Allocation*(continued) | |
Entertainment | 3.3% |
Private Equity | 2.9 |
Diversified Financial Services | 2.5 |
Short-Term Investments | 2.3 |
Insurance | 2.3 |
Electric | 1.8 |
Food | 1.6 |
Pharmaceuticals | 1.6 |
Beverages | 1.3 |
100.9% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $7,198,035 | $— | $— | $7,198,035 | |||
Canada | 49,679,835 | — | — | 49,679,835 | |||
India | 9,255,403 | 16,133,496 | — | 25,388,899 | |||
Jersey | 6,440,288 | — | — | 6,440,288 | |||
Luxembourg | 16,331,522 | — | — | 16,331,522 | |||
United States | 20,134,281 | — | — | 20,134,281 | |||
Other Countries | — | 275,118,943 | — | 275,118,943 | |||
Short-Term Investments | 9,372,594 | — | — | 9,372,594 | |||
Total Investments at Value | $118,411,958 | $291,252,439 | $— | $409,664,397 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Industry Allocation* | |
Healthcare-Products | 8.6% |
Machinery-Diversified | 7.2 |
Commercial Services | 6.6 |
Software | 5.7 |
Computers | 5.0 |
Electronics | 4.5 |
Short-Term Investments | 4.3 |
Internet | 3.7 |
Banks | 3.6 |
Semiconductors | 3.4 |
Chemicals | 3.4 |
Retail | 3.3 |
Miscellaneous Manufacturing | 3.2 |
Food | 2.7 |
REITS | 2.5 |
Distribution/Wholesale | 2.5 |
Industry Allocation*(continued) | |
Diversified Financial Services | 2.5% |
Engineering & Construction | 2.4 |
Pharmaceuticals | 2.3 |
Real Estate | 2.1 |
Insurance | 1.9 |
Building Materials | 1.9 |
Auto Parts & Equipment | 1.6 |
Telecommunications | 1.5 |
Advertising | 1.2 |
Leisure Time | 1.0 |
Private Equity | 1.0 |
Mining | 1.0 |
Oil & Gas | 0.9 |
Home Furnishings | 0.9 |
Machinery-Construction & Mining | 0.9 |
Packaging & Containers | 0.9 |
Biotechnology | 0.8 |
Metal Fabricate/Hardware | 0.7 |
Electric | 0.7 |
Healthcare-Services | 0.7 |
Transportation | 0.7 |
Entertainment | 0.6 |
Cosmetics/Personal Care | 0.5 |
Iron/Steel | 0.5 |
Gas | 0.4 |
Pipelines | 0.4 |
Airlines | 0.4 |
Hand/Machine Tools | 0.4 |
Home Builders | 0.3 |
Investment Companies | 0.3 |
Beverages | 0.3 |
Water | 0.3 |
Aerospace/Defense | 0.2 |
Apparel | 0.2 |
Coal | 0.2 |
Repurchase Agreements | 0.2 |
Forest Products & Paper | 0.2 |
Electrical Components & Equipment | 0.1 |
Unaffiliated Investment Companies | 0.1 |
Office/Business Equipment | 0.1 |
Oil & Gas Services | 0.1 |
Environmental Control | 0.1 |
Media | 0.1 |
103.8% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $276,241 | $— | $— | $276,241 | |||
Brazil | 9,422,950 | — | — | 9,422,950 | |||
Canada | 18,315,880 | — | — | 18,315,880 | |||
Cayman Islands | 789,482 | 340,530 | — | 1,130,012 | |||
Denmark | 527,355 | 4,749,223 | — | 5,276,578 | |||
Ireland | 3,079,555 | — | — | 3,079,555 | |||
Israel | 7,107,539 | 1,426,172 | — | 8,533,711 | |||
Italy | 598,291 | 21,967,615 | — | 22,565,906 | |||
Jersey | 694,573 | 1,963,086 | — | 2,657,659 | |||
Mauritius | 583,217 | — | — | 583,217 | |||
Mexico | 1,807,294 | — | — | 1,807,294 | |||
Netherlands | 1,649,904 | 4,566,451 | — | 6,216,355 | |||
Russia | — | — | 0 | 0 | |||
United Kingdom | 2,574,037 | 78,888,856 | — | 81,462,893 | |||
United States | 3,075,891 | — | — | 3,075,891 | |||
Other Countries | — | 284,479,060 | — | 284,479,060 | |||
Unaffiliated Investment Companies | 585,121 | — | — | 585,121 | |||
Short-Term Investments | 19,319,401 | — | — | 19,319,401 | |||
Repurchase Agreements | — | 982,500 | — | 982,500 | |||
Total Investments at Value | $70,406,731 | $399,363,493 | $0 | $469,770,224 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
201 | Long | MSCI EAFE Index | March 2024 | $22,391,815 | $22,993,395 | $601,580 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Industry Allocation* | |
Pharmaceuticals | 8.0% |
Insurance | 7.5 |
Banks | 7.1 |
Semiconductors | 3.9 |
Repurchase Agreements | 3.9 |
Chemicals | 3.7 |
Commercial Services | 3.1 |
Healthcare-Products | 2.9 |
Auto Manufacturers | 2.8 |
Oil & Gas | 2.6 |
Telecommunications | 2.4 |
Engineering & Construction | 2.2 |
Food | 2.2 |
Software | 2.2 |
Electronics | 2.2 |
Retail | 2.2 |
Distribution/Wholesale | 2.1 |
Transportation | 1.9 |
Electric | 1.9 |
Machinery-Diversified | 1.9 |
Diversified Financial Services | 1.8 |
Building Materials | 1.7 |
Investment Companies | 1.4 |
Auto Parts & Equipment | 1.4 |
Industry Allocation*(continued) | |
Miscellaneous Manufacturing | 1.3% |
Machinery-Construction & Mining | 1.3 |
Mining | 1.3 |
Real Estate | 1.2 |
Apparel | 1.2 |
REITS | 1.2 |
Beverages | 1.2 |
Iron/Steel | 1.1 |
Cosmetics/Personal Care | 1.1 |
Electrical Components & Equipment | 1.1 |
Private Equity | 1.0 |
Biotechnology | 1.0 |
Computers | 0.9 |
Gas | 0.9 |
Lodging | 0.8 |
Food Service | 0.8 |
Home Furnishings | 0.8 |
Media | 0.7 |
Healthcare-Services | 0.6 |
Internet | 0.6 |
Home Builders | 0.6 |
Household Products/Wares | 0.5 |
Toys/Games/Hobbies | 0.5 |
Advertising | 0.5 |
Metal Fabricate/Hardware | 0.5 |
Entertainment | 0.4 |
Forest Products & Paper | 0.4 |
Hand/Machine Tools | 0.4 |
Short-Term Investments | 0.3 |
Office/Business Equipment | 0.3 |
Leisure Time | 0.3 |
Energy-Alternate Sources | 0.2 |
Water | 0.1 |
Pipelines | 0.1 |
Packaging & Containers | 0.1 |
98.3% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Cayman Islands | $389,089 | $1,853,820 | $— | $2,242,909 | |||
Israel | 588,951 | 2,767,711 | — | 3,356,662 | |||
Netherlands | 207,383 | 33,149,018 | — | 33,356,401 | |||
United Kingdom | 1,795,292 | 55,824,004 | — | 57,619,296 | |||
Other Countries | — | 338,014,930 | — | 338,014,930 | |||
Short-Term Investments | — | 1,497,580 | — | 1,497,580 | |||
Repurchase Agreements | — | 17,853,051 | — | 17,853,051 | |||
Total Investments at Value | $2,980,715 | $450,960,114 | $— | $453,940,829 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $601,580 | $— | $— | $601,580 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
* | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. The International Value Fund has no right to demand registration of these securities. At February 29, 2024, the aggregate value of these securities was $12,174,825 representing 2.5% of net assets. |
(1) | The rate shown is the 7-day yield as of February 29, 2024. |
(2) | At February 29, 2024, the Fund had loaned securities with a total value of $11,170,965. This was secured by collateral of $6,241,227, which was received in cash and subsequently invested in short-term investments currently valued at $6,241,227 as reported in the Portfolio of Investments. Additional collateral of $5,301,403 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of February 29, 2024 | |||
United States Treasury Bills | 0.00% | 03/14/2024 to 08/22/2024 | $270,482 | |||
United States Treasury Notes/Bonds | 0.13% to 5.50% | 03/31/2024 to 11/15/2053 | 5,030,921 |
ADR—American Depositary Receipt |
Industry Allocation* | |
Oil & Gas | 8.0% |
Banks | 6.6 |
Pharmaceuticals | 6.6 |
Insurance | 6.5 |
Telecommunications | 5.7 |
Apparel | 5.1 |
Semiconductors | 4.9 |
Beverages | 4.3 |
Media | 4.2 |
Food | 3.9 |
Electrical Components & Equipment | 3.6 |
Diversified Financial Services | 3.5 |
Chemicals | 3.3 |
Short-Term Investments | 3.3 |
Computers | 3.1 |
Engineering & Construction | 3.0 |
Aerospace/Defense | 3.0 |
Home Furnishings | 2.8 |
Healthcare-Products | 2.8 |
Machinery-Construction & Mining | 2.4 |
Electric | 2.0 |
Water | 1.9 |
Healthcare-Services | 1.8 |
Food Service | 1.7 |
Mining | 1.6 |
Pipelines | 1.6 |
Oil & Gas Services | 1.4 |
Cosmetics/Personal Care | 1.0 |
Auto Parts & Equipment | 0.7 |
Commercial Services | 0.6 |
Miscellaneous Manufacturing | 0.5 |
Transportation | 0.5 |
101.9% |
* | Calculated as a percentage of net assets |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $3,570,843 | $— | $— | $3,570,843 | |||
Brazil | 18,052,749 | — | — | 18,052,749 | |||
British Virgin Islands | 8,500,063 | — | — | 8,500,063 | |||
Canada | 34,145,096 | — | — | 34,145,096 | |||
India | 8,078,610 | — | — | 8,078,610 | |||
Ireland | 8,550,935 | — | — | 8,550,935 | |||
Israel | 6,633,688 | — | — | 6,633,688 | |||
Mexico | 9,295,341 | — | — | 9,295,341 | |||
Netherlands | 2,867,351 | 11,414,140 | — | 14,281,491 | |||
Taiwan | 9,247,642 | — | — | 9,247,642 | |||
United Kingdom | 7,514,985 | 41,959,023 | — | 49,474,008 | |||
United States | 10,358,842 | — | — | 10,358,842 | |||
Other Countries | — | 297,807,539 | — | 297,807,539 | |||
Short-Term Investments | 16,200,678 | — | — | 16,200,678 | |||
Total Investments at Value | $143,016,823 | $351,180,702 | $— | $494,197,525 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Security Description | Shares or Principal Amount | Value | ||
SHORT-TERM INVESTMENTS — 0.1% | ||||
Sovereign — 0.1% | ||||
Federal Home Loan Bank | ||||
5.15%, 03/01/2024 (cost $839,000) | $839,000 | $ 838,877 | ||
TOTAL INVESTMENTS (cost $488,299,250) | 100.2% | 683,722,512 | ||
Other assets less liabilities | (0.2) | (1,296,468) | ||
NET ASSETS | 100.0% | $682,426,044 |
† | Non-income producing security |
# | The security or a portion thereof is out on loan. At February 29, 2024, the Fund had loaned securities with a total value of $446,047. This was secured by collateral of $454,901 received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of February 29, 2024 | |||
United States Treasury Notes/Bonds | 0.13% to 5.51% | 04/15/2024 to 05/15/2051 | $454,901 |
ADR—American Depositary Receipt |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Apparel | $12,993,432 | $9,076,258 | $— | $22,069,690 | |||
Electrical Components & Equipment | 12,586,528 | 6,002,322 | — | 18,588,850 | |||
Internet | 32,959,572 | 7,364,903 | — | 40,324,475 | |||
Other Industries | 601,900,620 | — | — | 601,900,620 | |||
Short-Term Investments | — | 838,877 | — | 838,877 | |||
Total Investments at Value | $660,440,152 | $23,282,360 | $— | $683,722,512 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
84 | Long | S&P Mid Cap 400 E-Mini Index | March 2024 | $23,982,201 | $24,297,840 | $315,639 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $3,033,252,513 | $— | $— | $3,033,252,513 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 2,769,194 | — | 2,769,194 | |||
Other Short-Term Investments | 9,269,226 | — | — | 9,269,226 | |||
Repurchase Agreements | — | 31,799,945 | — | 31,799,945 | |||
Total Investments at Value | $3,042,521,739 | $34,569,139 | $— | $3,077,090,878 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $315,639 | $— | $— | $315,639 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Commercial Services | $46,554,531 | $985,723 | $— | $47,540,254 | |||
Entertainment | — | 2,916,711 | — | 2,916,711 | |||
Other Industries | 1,007,357,947 | — | — | 1,007,357,947 | |||
Warrants | — | — | 0 | 0 | |||
Short-Term Investments: | |||||||
Banks | — | 21,196,859 | — | 21,196,859 | |||
Other Short-Term Investments | 5,438,819 | — | — | 5,438,819 | |||
Total Investments at Value | $1,059,351,297 | $25,099,293 | $0 | $1,084,450,590 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $610,922,216 | $— | $— | $610,922,216 | |||
Short-Term Investments | 6,823,834 | — | — | 6,823,834 | |||
Repurchase Agreements | — | 644,188 | — | 644,188 | |||
Total Investments at Value | $617,746,050 | $644,188 | $— | $618,390,238 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $1,016,621,984 | $— | $— | $1,016,621,984 | |||
Short-Term Investments | 10,338,422 | — | — | 10,338,422 | |||
Total Investments at Value | $1,026,960,406 | $— | $— | $1,026,960,406 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
68 | Long | NASDAQ 100 E-Mini Index | March 2024 | $22,746,569 | $24,592,540 | $1,845,971 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $936,950,902 | $— | $— | $936,950,902 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 1,497,580 | — | 1,497,580 | |||
Other Short-Term Investments | 3,313,015 | — | — | 3,313,015 | |||
Repurchase Agreements | — | 21,712,661 | — | 21,712,661 | |||
Total Investments at Value | $940,263,917 | $23,210,241 | $— | $963,474,158 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $1,845,971 | $— | $— | $1,845,971 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Biotechnology | $— | $— | $10,017 | $10,017 | |||
Commercial Services | 52,810,060 | 8,440,904 | — | 61,250,964 | |||
Computers | 255,026,235 | 3,929,903 | — | 258,956,138 | |||
Electronics | 29,151,572 | 30,531,763 | — | 59,683,335 | |||
Entertainment Software | — | — | 2,358,497 | 2,358,497 | |||
Healthcare-Services | — | — | 1,043,639 | 1,043,639 | |||
Pharmaceuticals | — | 6,801 | — | 6,801 | |||
Semiconductors | 756,184,548 | 59,525,847 | — | 815,710,395 | |||
Software | 744,398,656 | 17,760,911 | — | 762,159,567 | |||
Telecommunications | 52,470,926 | 8,701,728 | — | 61,172,654 | |||
Toys/Games/Hobbies | — | 5,977,146 | — | 5,977,146 | |||
Other Industries | 646,522,946 | — | — | 646,522,946 | |||
Convertible Preferred Stocks | — | — | 18,694,167 | 18,694,167 | |||
Escrows and Litigation Trusts | — | — | 202,050 | 202,050 | |||
Warrants | — | — | 0 | 0 | |||
Short-Term Investments | 8,039,448 | — | — | 8,039,448 | |||
Repurchase Agreements | — | 842,911 | — | 842,911 | |||
Total Investments at Value | $2,544,604,391 | $135,717,914 | $22,308,370 | $2,702,630,675 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Common Stocks | Convertible Preferred Securities | Escrow and Litigation Trusts | Warrants | ||||
Balance as of May 31, 2023 | $4,081,098 | $21,943,256 | $664,425 | - | |||
Accrued Discounts | - | - | - | - | |||
Accrued Premiums | - | - | - | - | |||
Realized Gain | - | - | - | - | |||
Realized Loss | (156,860) | (2,210,683) | - | - | |||
Change in unrealized appreciation (1) | 102,848 | 2,390,264 | 31,160 | - | |||
Change in unrealized depreciation (1) | (283,481) | (2,722,914) | - | - | |||
Net Purchases | - | - | - | 0 | |||
Net Sales | (331,452) | (698,955) | (493,535) | - | |||
Transfers into Level 3 | - | - | - | - | |||
Transfers out of Level 3 (2) | - | (6,801) | - | - | |||
Balance as of February 29, 2024 | $3,412,153 | $18,694,167 | $202,050 | $0 |
(1) | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at February 29, 2024 includes: |
Common Stocks | Convertible Preferred Securities | Escrows and Litigation Trusts | Warrants | ||||
$(283,481) | $(2,173,528) | $6,483 | $— |
Description | Acquisition Date | Shares or Principal Amount | Acquisition Cost | Value | Value Per Share | % of Net Assets | ||||||
Convertible Preferred Stocks (continued) | ||||||||||||
National Resilience, Inc. Series B | 10/23/2020 | 5,496 | $75,075 | $315,663 | $57.44 | 0.1% | ||||||
Nuro, Inc. Series C | 10/30/2020 | 6,234 | 81,383 | 25,497 | 4.09 | 0.0 | ||||||
Seismic Software, Inc. Series E | 12/13/2018 | 11,680 | 73,632 | 83,979 | 7.19 | 0.0 | ||||||
Seismic Software, Inc. Series F | 09/25/2020 | 875 | 7,691 | 6,291 | 7.19 | 0.0 | ||||||
ServiceTitan, Inc. Series A1 | 11/09/2018 | 4 | 105 | 292 | 72.91 | 0.0 | ||||||
ServiceTitan, Inc. Series D | 11/09/2018 | 1,942 | 51,065 | 141,591 | 72.91 | 0.0 | ||||||
Sila Nanotechnologies, Inc. Series F | 01/07/2021 | 2,608 | 107,640 | 52,890 | 20.28 | 0.0 | ||||||
Warrants | ||||||||||||
Dogwood State Bank Expires 10/12/2028 | 05/06/2019 | 456 | 0 | 3,575 | 7.84 | 0.0 | ||||||
Grasshopper Bancorp, Inc. Expires 05/24/2024 | 10/12/2018 | 1,009 | 0 | 313 | 0.31 | 0.0 | ||||||
$1,122,817 | 0.1%** |
** | Amount represents the total value of the restricted securities divided by the net assets of the Fund and may not equal the sum of the individual percentages shown due to rounding. |
(3) | The rate shown is the 7-day yield as of February 29, 2024. |
(4) | At February 29, 2024, the Fund had loaned securities with a total value of $11,465,892. This was secured by collateral of $396,328, which was received in cash and subsequently invested in short-term investments currently valued at $396,328 as reported in the Portfolio of Investments. Additional collateral of $11,613,786 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of February 29, 2024 | |||
United States Treasury Bills | 0.00% | 04/04/2024 to 05/28/2024 | $224,517 | |||
United States Treasury Notes/Bonds | 0.00% to 5.56% | 03/15/2024 to 02/15/2054 | 11,389,269 |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Agriculture | $— | $— | $43,143 | $43,143 | |||
Banks | 3,942,658 | — | 95,600 | 4,038,258 | |||
E-Commerce/Products | — | — | 1,577 | 1,577 | |||
Human Resources | — | — | 25,350 | 25,350 | |||
Pharmaceuticals | 17,110,985 | 272 | — | 17,111,257 | |||
Software | 97,205,290 | — | 13,561 | 97,218,851 | |||
Telecommunications | 6,010,589 | — | 0 | 6,010,589 | |||
Other Industries | 449,769,286 | — | — | 449,769,286 | |||
Convertible Preferred Stocks | — | — | 941,003 | 941,003 | |||
Warrants | — | — | 3,888 | 3,888 | |||
Short-Term Investments | 396,328 | — | — | 396,328 | |||
Total Investments at Value | $574,435,136 | $272 | $1,124,122 | $575,559,530 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
110 | Long | E-Mini Russell 2000 Index | March 2024 | $11,162,158 | $11,315,150 | $152,992 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Biotechnology | $76,214,307 | $— | $22,609 | $76,236,916 | |||
Computers | 36,017,334 | 32,469 | — | 36,049,803 | |||
Oil & Gas | 41,135,773 | — | 0 | 41,135,773 | |||
Pharmaceuticals | 28,807,244 | — | 465 | 28,807,709 | |||
Therapeutics | — | — | 0 | 0 | |||
Other Industries | 802,830,352 | — | — | 802,830,352 | |||
Escrows and Litigation Trusts | — | — | 0 | 0 | |||
Warrants | 125,788 | — | — | 125,788 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 1,840,271 | — | 1,840,271 | |||
Other Short-Term Investments | 25,284,866 | — | — | 25,284,866 | |||
Repurchase Agreements | — | 8,102,723 | — | 8,102,723 | |||
Total Investments at Value | $1,010,415,664 | $9,975,463 | $23,074 | $1,020,414,201 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $152,992 | $— | $— | $152,992 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
(1) | Securities classified as Level 3 (see Note 1). |
(2) | Denotes a restricted security that: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from registration, under the Securities Act of 1933, as amended (the “1933 Act”); (b) is subject to a contractual restriction on public sales; or (c) is otherwise subject to a restriction on sales by operation of applicable law. Restricted securities are valued pursuant to Note 1. Certain restricted securities held by the Fund may not be sold except in exempt transactions or in a public offering registered under the 1933 Act. The Fund has no right to demand registration of these securities. The risk of investing in certain restricted securities is greater than the risk of investing in the securities of widely held, publicly traded companies. To the extent applicable, lack of a secondary market and resale restrictions may result in the inability of a Fund to sell a security at a fair price and may substantially delay the sale of the security. In addition, certain restricted securities may exhibit greater price volatility than securities for which secondary markets exist. As of February 29, 2024, the Fund held the following restricted securities: |
Description | Acquisition Date | Shares or Principal Amount | Acquisition Cost | Value | Value Per Share | % of Net Assets | ||||||
Rights | ||||||||||||
Pershing Square SPARC Holdings, Ltd. | 07/26/2022 | 15,102 | $0 | $0 | $0.00 | 0.0% |
(3) | The rate shown is the 7-day yield as of February 29, 2024. |
(4) | At February 29, 2024, the Fund had loaned securities with a total value of $4,889,411. This was secured by collateral of $4,513,064, which was received in cash and subsequently invested in short-term investments currently valued at $4,513,064 as reported in the Portfolio of Investments. Additional collateral of $493,481 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of February 29, 2024 | |||
United States Treasury Bills | 0.00% | 04/04/2024 to 05/28/2024 | $3,306 | |||
United States Treasury Notes/Bonds | 0.00% to 5.56% | 03/15/2024 to 02/15/2054 | 490,175 |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Special Purpose Acquisition Company | $— | $— | $0 | $0 | |||
Other Industries | 209,333,597 | — | — | 209,333,597 | |||
Rights | — | — | 0 | 0 | |||
Short-Term Investments | 9,567,682 | — | — | 9,567,682 | |||
Total Investments at Value | $218,901,279 | $— | $0 | $218,901,279 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
90 | Long | E-Mini Russell 2000 Index | March 2024 | $9,100,767 | $9,257,850 | $157,083 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $487,263,091 | $— | $— | $487,263,091 | |||
Short-Term Investments | 2,188,353 | — | — | 2,188,353 | |||
Repurchase Agreements | — | 10,180,934 | — | 10,180,934 | |||
Total Investments at Value | $489,451,444 | $10,180,934 | $— | $499,632,378 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $157,083 | $— | $— | $157,083 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
655 | Long | S&P 500 E-Mini Index | March 2024 | $159,828,751 | $167,147,813 | $7,319,062 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $6,197,400,932 | $— | $— | $6,197,400,932 | |||
Short-Term Investments | — | 12,762,382 | — | 12,762,382 | |||
Repurchase Agreements | — | 149,140,977 | — | 149,140,977 | |||
Total Investments at Value | $6,197,400,932 | $161,903,359 | $— | $6,359,304,291 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $7,319,062 | $— | $— | $7,319,062 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Packaging & Containers | $2,129,130 | $82,361 | $— | $2,211,491 | |||
Other Industries | 588,769,827 | — | — | 588,769,827 | |||
Unaffiliated Investment Companies | 992,543 | — | — | 992,543 | |||
Escrows and Litigation Trusts | — | — | 0 | 0 | |||
Short-Term Investments | 2,062,446 | — | — | 2,062,446 | |||
Total Investments at Value | $593,953,946 | $82,361 | $0 | $594,036,307 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $1,001,795,649 | $— | $— | $1,001,795,649 | |||
Convertible Preferred Stocks | — | — | 317,724 | 317,724 | |||
Unaffiliated Investment Companies | 2,796,146 | — | — | 2,796,146 | |||
Short-Term Investments | 617,953 | — | — | 617,953 | |||
Total Investments at Value | $1,005,209,748 | $— | $317,724 | $1,005,527,472 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $453,835,399 | $— | $— | $453,835,399 | |||
Short-Term Investments | 561,728 | — | — | 561,728 | |||
Repurchase Agreements | — | 3,158,457 | — | 3,158,457 | |||
Total Investments at Value | $454,397,127 | $3,158,457 | $— | $457,555,584 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
58 | Long | S&P 500 E-Mini Index | March 2024 | $14,389,231 | $14,800,875 | $411,644 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $713,217,394 | $— | $— | $713,217,394 | |||
Short-Term Investments | — | 3,389,249 | — | 3,389,249 | |||
Repurchase Agreements | — | 11,522,532 | — | 11,522,532 | |||
Total Investments at Value | $713,217,394 | $14,911,781 | $— | $728,129,175 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $411,644 | $— | $— | $411,644 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Objectives for Using Derivatives | ||||||||||
Fund | Futures Contracts | Foreign Forward Exchange Contracts | Options Contracts | Inflation Swap Contracts | Credit Default Swap Contracts | |||||
Asset Allocation | 1 | - | - | - | - | |||||
Dynamic Allocation | 1 | - | 1 | - | - | |||||
Emerging Economies | 1 | - | - | - | - | |||||
Global Strategy | 1, 2 | 3 | - | - | 4, 5 | |||||
Growth | 1 | - | - | - | - | |||||
High Yield Bond | - | 3 | - | - | - | |||||
Inflation Protected | 1, 2 | 3 | - | 6 | - | |||||
International Equities Index | 1 | - | - | - | - | |||||
International Socially Responsible | 1 | - | - | - | - | |||||
Mid Cap Index | 1 | - | - | - | - | |||||
Nasdaq-100® Index | 1 | - | - | - | - | |||||
Small Cap Index | 1 | - | - | - | - | |||||
Small Cap Value | 1 | - | - | - | - | |||||
Stock Index | 1 | - | - | - | - | |||||
U.S. Socially Responsible | 1 | - | - | - | - |
(1) | To manage exposures in certain securities markets. |
(2) | To manage interest rate risk and the duration of the portfolio. |
(3) | To manage foreign currency exchange rate risk. |
(4) | To manage credit risk. |
(5) | To manage against or gain exposure to certain securities and/or sectors. |
(6) | To manage inflation risk and the duration of the portfolio. |
Aggressive Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
VALIC Company I | ||||||||||||||||
Core Bond Fund | $— | $— | $170,266,219 | $12,581,661 | $60,979,392 | $(12,666,379) | $15,659,392 | $124,861,501 | ||||||||
Emerging Economies Fund | — | — | — | 6,505,586 | — | — | 470,811 | 6,976,397 | ||||||||
International Equities Index Fund | — | — | 110,291,478 | 12,175,870 | 5,261,305 | 947,061 | 13,431,862 | 131,584,966 |
Aggressive Growth Lifestyle Fund — (continued) | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
Large Capital Growth Fund | $— | $— | 29,111,623 | $— | $30,855,343 | $(1,044,044) | $2,787,764 | $— | ||||||||
Small Cap Growth Fund | — | — | 31,538,743 | 12,474,064 | 10,786,645 | 46,008 | 8,209,179 | 41,481,349 | ||||||||
Small Cap Value Fund | — | — | 30,759,881 | 10,600,123 | 9,970,573 | (581,780) | 7,899,154 | 38,706,805 | ||||||||
Stock Index Fund | — | — | 166,722,826 | 18,504,813 | 21,563,011 | 418,850 | 36,848,682 | 200,932,160 | ||||||||
Systematic Growth Fund | — | — | 36,949,756 | 41,589,123 | 14,102,961 | 175,892 | 14,962,059 | 79,573,869 | ||||||||
Systematic Value Fund | — | — | 49,322,459 | 10,827,583 | 6,521,680 | (1,415,705) | 11,043,075 | 63,255,732 | ||||||||
$— | $— | $624,962,985 | $125,258,823 | $160,040,910 | $(14,120,097) | $111,311,978 | $687,372,779 |
† | Includes reinvestment of distributions paid. |
Conservative Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
VALIC Company I | ||||||||||||||||
Core Bond Fund | $— | $— | $204,003,207 | $6,185,073 | $40,882,529 | $(6,856,870) | $11,081,478 | $173,530,359 | ||||||||
Emerging Economies Fund | — | — | — | 2,923,226 | — | — | 212,882 | 3,136,108 | ||||||||
International Equities Index Fund | — | — | 23,613,099 | 3,503,811 | 2,832,455 | 547,866 | 2,555,363 | 27,387,684 | ||||||||
Large Capital Growth Fund | — | — | 6,251,657 | — | 6,625,161 | 222,354 | 151,150 | — | ||||||||
Small Cap Growth Fund | — | — | 6,071,559 | 4,943,796 | 4,104,739 | 103,092 | 1,888,222 | 8,901,930 | ||||||||
Small Cap Value Fund | — | — | 5,928,513 | 4,401,346 | 3,855,261 | (226,717) | 1,927,566 | 8,175,447 | ||||||||
Stock Index Fund | — | — | 35,384,818 | 8,245,341 | 8,089,344 | 755,583 | 7,155,405 | 43,451,803 | ||||||||
Systematic Growth Fund | — | — | 10,547,151 | 11,648,411 | 5,671,519 | 206,904 | 3,514,746 | 20,245,693 | ||||||||
Systematic Value Fund | — | — | 9,688,725 | 4,672,108 | 2,925,643 | (100,043) | 2,154,196 | 13,489,343 | ||||||||
$— | $— | $301,488,729 | $46,523,112 | $74,986,651 | $(5,347,831) | $30,641,008 | $298,318,367 |
† | Includes reinvestment of distributions paid. |
Dynamic Allocation Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
VALIC Company I | ||||||||||||||||
Capital Appreciation Fund | $— | $— | $5,372,628 | $359,656 | $1,845,718 | $191,268 | $1,273,287 | $5,351,121 | ||||||||
Core Bond Fund | — | — | 19,799,704 | 2,198,939 | 5,061,035 | (738,918) | 1,226,916 | 17,425,606 | ||||||||
Dividend Value Fund | — | — | 8,870,602 | 636,869 | 2,300,931 | 186,850 | 1,108,847 | 8,502,237 | ||||||||
Emerging Economies Fund | — | — | 766,449 | 56,471 | 204,292 | (56,489) | 147,884 | 710,023 | ||||||||
Global Real Estate Fund | — | — | 1,554,739 | 480,317 | 466,057 | (89,138) | 203,304 | 1,683,165 | ||||||||
Government Securities Fund | — | — | 6,933,528 | 486,517 | 1,759,281 | (282,210) | 311,154 | 5,689,708 | ||||||||
Growth Fund | — | — | 5,522,036 | 359,657 | 1,945,719 | (1,191,236) | 2,638,173 | 5,382,911 | ||||||||
High Yield Bond Fund | — | — | 1,247,154 | 86,878 | 317,372 | (27,548) | 131,466 | 1,120,578 | ||||||||
Inflation Protected Fund | — | — | 2,297,092 | 156,178 | 657,915 | (103,993) | 117,578 | 1,808,940 | ||||||||
International Equities Index Fund | — | — | 2,703,664 | 186,787 | 670,349 | 100,267 | 207,714 | 2,528,083 | ||||||||
International Government Bond Fund | — | — | 614,859 | 43,440 | 158,686 | (25,814) | 40,652 | 514,451 | ||||||||
International Growth Fund | — | — | 2,871,720 | 182,444 | 658,480 | 6,502 | 173,809 | 2,575,995 | ||||||||
International Opportunities Fund | — | — | 412,654 | 26,063 | 91,212 | (62,094) | 111,850 | 397,261 | ||||||||
International Socially Responsible Fund | — | — | 1,988,879 | 143,348 | 521,663 | (92,580) | 321,792 | 1,839,776 | ||||||||
International Value Fund | — | — | 4,397,926 | 308,417 | 1,112,669 | 73,304 | 531,224 | 4,198,202 | ||||||||
Large Capital Growth Fund | — | — | 5,776,527 | 402,210 | 1,455,032 | 241,277 | 801,323 | 5,766,305 | ||||||||
Mid Cap Index Fund | — | — | 1,532,966 | 108,597 | 396,714 | 42,797 | 258,512 | 1,546,158 | ||||||||
Mid Cap Strategic Growth Fund | — | — | 1,585,196 | 108,598 | 396,714 | (232,576) | 578,344 | 1,642,848 | ||||||||
Mid Cap Value Fund | — | — | 1,806,998 | 130,317 | 466,057 | 34,251 | 321,848 | 1,827,357 | ||||||||
Small Cap Growth Fund | — | — | 521,943 | 460,815 | 216,160 | (140,452) | 282,655 | 908,801 | ||||||||
Small Cap Index Fund | — | — | 630,919 | 43,439 | 158,686 | (2,485) | 111,275 | 624,462 | ||||||||
Small Cap Special Values Fund | — | — | 976,710 | 69,502 | 249,897 | (25,592) | 238,460 | 1,009,183 | ||||||||
Small Cap Value Fund | — | — | 306,725 | 21,720 | 79,343 | 2,479 | 53,664 | 305,245 | ||||||||
Stock Index Fund | — | — | 12,548,207 | 868,779 | 3,143,715 | 638,805 | 1,979,728 | 12,891,804 | ||||||||
Systematic Core Fund | — | — | 9,150,466 | 634,210 | 2,292,812 | 178,292 | 1,784,002 | 9,454,158 | ||||||||
Systematic Growth Fund | — | — | 3,873,335 | 258,862 | 1,183,369 | (310,805) | 1,336,367 | 3,974,390 |
Dynamic Allocation Fund — (continued) | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
Systematic Value Fund | $— | $— | 12,203,573 | $884,470 | $3,197,440 | $32,747 | $2,004,453 | $11,927,803 | ||||||||
U.S. Socially Responsible Fund | — | — | 7,573,037 | 534,301 | 1,929,835 | (932,736) | 2,548,005 | 7,792,772 | ||||||||
$— | $— | $123,840,236 | $10,237,801 | $32,937,153 | $(2,585,827) | $20,844,286 | $119,399,343 |
† | Includes reinvestment of distributions paid. |
Moderate Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
VALIC Company I | ||||||||||||||||
Core Bond Fund | $— | $— | $465,074,965 | $22,043,557 | $111,020,181 | $(23,834,185) | $33,278,212 | $385,542,368 | ||||||||
Emerging Economies Fund | — | — | — | 9,888,344 | — | — | 716,447 | 10,604,791 | ||||||||
International Equities Index Fund | — | — | 124,666,481 | 14,655,852 | 12,494,359 | 2,468,913 | 13,731,679 | 143,028,566 | ||||||||
Large Capital Growth Fund | — | — | 33,761,516 | — | 35,776,452 | (1,107,723) | 3,122,659 | — | ||||||||
Small Cap Growth Fund | — | — | 34,555,699 | 17,439,597 | 15,134,082 | (76,555) | 9,690,588 | 46,475,247 | ||||||||
Small Cap Value Fund | — | — | 33,714,154 | 15,386,844 | 14,850,588 | (887,596) | 9,342,467 | 42,705,281 | ||||||||
Stock Index Fund | — | — | 189,555,753 | 28,289,351 | 34,554,929 | (3,622,651) | 46,050,914 | 225,718,438 | ||||||||
Systematic Growth Fund | — | — | 44,778,820 | 51,081,798 | 20,228,011 | 321,143 | 17,148,666 | 93,102,416 | ||||||||
Systematic Value Fund | — | — | 53,204,496 | 16,302,264 | 10,666,981 | (1,393,513) | 11,998,610 | 69,444,877 | ||||||||
$— | $— | $979,311,884 | $175,087,607 | $254,725,583 | $(28,132,167) | $145,080,242 | $1,016,621,984 |
† | Includes reinvestment of distributions paid. |
Stock Index Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2023 | Cost of Purchases | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at February 29, 2024 | ||||||||
American International Group, Inc. | $113,858 | $— | $5,697,663 | $— | $374,582 | $168,272 | $1,920,029 | $7,411,382 |