Boston Partners Long/Short Equity Fund
|
||||||||
Schedule of Investments
|
||||||||
as of May 31, 2024 (Unaudited)
|
||||||||
COMMON STOCKS - 98.4%
|
Shares
|
Value
|
||||||
Communication Services - 4.6%
|
||||||||
Alphabet, Inc. - Class A(a)(b)
|
7,836
|
$
|
1,351,710
|
|||||
Baidu, Inc. - Class A(a)
|
50,048
|
606,482
|
||||||
Nexstar Media Group, Inc. - Class A(c)
|
1,557
|
257,979
|
||||||
Vivid Seats, Inc. - Class A(a)(c)
|
60,757
|
306,823
|
||||||
ZoomInfo Technologies, Inc.(a)(c)
|
17,217
|
211,425
|
||||||
2,734,419
|
||||||||
Consumer Discretionary - 11.0%
|
||||||||
Accel Entertainment, Inc.(a)
|
21,060
|
208,705
|
||||||
Arcos Dorados Holdings, Inc. - Class A(c)
|
91,925
|
887,996
|
||||||
BYD Co., Ltd. - ADR
|
3,209
|
180,057
|
||||||
Carriage Services, Inc.(b)
|
9,467
|
254,568
|
||||||
Cavco Industries, Inc.(a)(c)
|
1,707
|
609,740
|
||||||
Frontdoor, Inc.(a)
|
11,711
|
414,218
|
||||||
Italian Sea Group SPA
|
23,224
|
240,939
|
||||||
JD.com, Inc. - Class A
|
23,986
|
355,557
|
||||||
Las Vegas Sands Corp.(b)(c)
|
5,877
|
264,641
|
||||||
Monarch Casino & Resort, Inc.(c)
|
3,433
|
229,908
|
||||||
PDD Holdings, Inc. - ADR(a)(c)
|
2,719
|
407,252
|
||||||
Perdoceo Education Corp.(b)
|
18,565
|
417,712
|
||||||
Phinia, Inc.
|
9,054
|
405,257
|
||||||
Pinstripes Holdings, Inc.(a)(c)
|
67,473
|
186,900
|
||||||
Potbelly Corp.(a)(b)
|
24,456
|
218,881
|
||||||
Quantasing Group Ltd. - ADR(a)
|
45,644
|
119,131
|
||||||
Stellantis NV(c)
|
33,922
|
755,443
|
||||||
Stride, Inc.(a)(b)
|
6,515
|
447,320
|
||||||
6,604,225
|
||||||||
Consumer Staples - 5.6%
|
||||||||
British American Tobacco PLC - ADR(c)
|
25,814
|
801,008
|
||||||
Coca-Cola Europacific Partners PLC
|
6,630
|
488,697
|
||||||
J M Smucker Co.
|
3,856
|
430,484
|
||||||
Kenvue, Inc.(b)
|
21,929
|
423,230
|
||||||
Molson Coors Beverage Co. - Class B(c)
|
6,464
|
354,292
|
||||||
Turning Point Brands, Inc.
|
15,046
|
493,659
|
||||||
Vector Group Ltd.(b)
|
34,076
|
373,814
|
||||||
3,365,184
|
||||||||
Energy - 6.4%
|
||||||||
BP PLC - ADR
|
26,003
|
976,933
|
||||||
Canadian Natural Resources Ltd.
|
23,402
|
1,797,976
|
||||||
Marathon Petroleum Corp.(b)
|
4,189
|
739,819
|
||||||
Schlumberger Ltd.
|
6,228
|
285,803
|
||||||
3,800,531
|
||||||||
Financials - 20.9%
|
||||||||
American International Group, Inc.(b)
|
3,769
|
297,073
|
||||||
Bank of America Corp.(b)
|
22,082
|
883,059
|
||||||
BGC Group, Inc. - Class A(c)
|
207,581
|
1,799,727
|
||||||
Charles Schwab Corp.(b)
|
3,087
|
226,215
|
||||||
Citigroup, Inc.(b)
|
11,393
|
709,898
|
||||||
Crawford & Co. - Class A(b)
|
24,375
|
221,325
|
||||||
Fairfax Financial Holdings Ltd.
|
1,533
|
1,710,828
|
||||||
Fidelis Insurance Holdings Ltd.(c)
|
29,516
|
489,375
|
||||||
Greenlight Capital Re Ltd. - Class A(a)
|
30,388
|
403,857
|
||||||
Heritage Insurance Holdings, Inc.(a)
|
32,920
|
279,820
|
||||||
Intercorp Financial Services, Inc.
|
11,859
|
285,446
|
||||||
International General Insurance Holdings Ltd.(c)
|
19,594
|
281,174
|
||||||
Jefferies Financial Group, Inc.(b)
|
12,517
|
582,291
|
||||||
Jiayin Group, Inc. - ADR
|
30,135
|
196,480
|
||||||
KB Financial Group, Inc. - ADR
|
12,039
|
692,724
|
||||||
Northeast Bank
|
5,330
|
296,295
|
||||||
PayPal Holdings, Inc.(a)
|
4,882
|
307,517
|
||||||
Shift4 Payments, Inc. - Class A(a)(c)
|
9,141
|
615,006
|
||||||
Stifel Financial Corp.(b)
|
12,604
|
1,020,294
|
||||||
Wells Fargo & Co.(b)
|
11,257
|
674,519
|
||||||
Willis Towers Watson PLC
|
2,178
|
556,022
|
||||||
12,528,945
|
||||||||
Health Care - 16.7%
|
||||||||
Amgen, Inc.(b)
|
2,360
|
721,806
|
||||||
Bristol-Myers Squibb Co.
|
12,509
|
513,995
|
||||||
Catalyst Pharmaceuticals, Inc.(a)(b)
|
55,746
|
901,413
|
||||||
Centene Corp.(a)(b)
|
7,828
|
560,407
|
||||||
Cigna Group(b)
|
3,031
|
1,044,543
|
||||||
Elevance Health, Inc.(b)
|
701
|
377,474
|
||||||
HCA Healthcare, Inc.(b)
|
1,447
|
491,618
|
||||||
Jazz Pharmaceuticals PLC(a)(c)
|
3,958
|
416,579
|
||||||
Johnson & Johnson(b)
|
5,337
|
782,778
|
||||||
Lantheus Holdings, Inc.(a)(c)
|
15,204
|
1,244,143
|
||||||
Medtronic PLC(b)
|
7,982
|
649,495
|
||||||
Novartis AG - ADR
|
6,152
|
634,456
|
||||||
PetIQ, Inc.(a)(c)
|
32,238
|
669,261
|
||||||
Quipt Home Medical Corp.(a)
|
81,822
|
274,922
|
||||||
UnitedHealth Group, Inc.
|
1,459
|
722,745
|
||||||
10,005,635
|
||||||||
Industrials - 13.0%
|
||||||||
Alaska Air Group, Inc.(a)(c)
|
6,754
|
283,803
|
||||||
Barrett Business Services, Inc.(b)
|
7,183
|
950,598
|
||||||
Brady Corp. - Class A
|
4,569
|
311,926
|
||||||
Builders FirstSource, Inc.(a)(b)(c)(d)
|
2,573
|
413,713
|
||||||
CACI International, Inc. - Class A(a)
|
1,456
|
618,043
|
||||||
Euroseas Ltd.
|
13,769
|
524,324
|
||||||
Galliford Try Holdings PLC
|
181,675
|
618,100
|
||||||
Heidrick & Struggles International, Inc.(b)
|
6,248
|
214,181
|
||||||
Lyft, Inc. - Class A(a)
|
19,696
|
307,455
|
||||||
Quanta Services, Inc.(b)
|
1,085
|
299,395
|
||||||
RCM Technologies, Inc.(a)
|
10,050
|
199,492
|
||||||
REV Group, Inc.
|
9,695
|
265,740
|
||||||
Ryanair Holdings PLC - ADR(c)
|
4,788
|
582,412
|
||||||
Sterling Infrastructure, Inc.(a)(b)
|
9,067
|
1,114,062
|
||||||
Textron, Inc.
|
8,912
|
780,780
|
||||||
V2X, Inc.(a)
|
6,100
|
293,471
|
||||||
7,777,495
|
||||||||
Information Technology - 14.5%
|
||||||||
Adeia, Inc.
|
30,843
|
364,873
|
||||||
AudioCodes Ltd.
|
21,896
|
218,741
|
||||||
Axcelis Technologies, Inc.(a)
|
3,068
|
345,119
|
||||||
Check Point Software Technologies Ltd.(a)
|
6,978
|
1,050,189
|
||||||
Cognizant Technology Solutions Corp. - Class A(b)
|
8,364
|
553,279
|
||||||
DocuSign, Inc.(a)
|
4,053
|
221,861
|
||||||
Dropbox, Inc. - Class A(a)(b)
|
9,067
|
204,280
|
||||||
Extreme Networks, Inc.(a)
|
25,644
|
285,931
|
||||||
Hackett Group, Inc.(b)
|
22,615
|
504,541
|
||||||
InterDigital, Inc.(c)
|
7,085
|
806,769
|
||||||
Nano Dimension Ltd. - ADR(a)(c)
|
92,902
|
252,693
|
||||||
Nice Ltd. - ADR(a)(c)
|
1,979
|
363,285
|
||||||
Open Text Corp.(b)
|
21,522
|
629,518
|
||||||
Oracle Corp.(b)
|
2,356
|
276,100
|
||||||
Photronics, Inc.(a)(b)
|
27,930
|
763,886
|
||||||
QUALCOMM, Inc.(b)
|
3,724
|
759,882
|
||||||
Rimini Street, Inc.(a)
|
64,671
|
166,204
|
||||||
RingCentral, Inc. - Class A(a)(c)
|
10,892
|
372,506
|
||||||
Telefonaktiebolaget LM Ericsson - ADR(b)
|
86,551
|
531,423
|
||||||
8,671,080
|
||||||||
Materials - 3.3%
|
||||||||
Dundee Precious Metals, Inc.
|
43,413
|
358,338
|
||||||
Ferroglobe PLC
|
53,767
|
319,914
|
||||||
Glencore PLC - ADR
|
30,107
|
369,714
|
||||||
Rio Tinto PLC - ADR(b)(c)
|
4,226
|
296,242
|
||||||
Taseko Mines Ltd.(a)
|
71,836
|
198,267
|
||||||
Ternium SA - ADR(b)
|
9,390
|
405,460
|
||||||
1,947,935
|
||||||||
Real Estate - 2.4%
|
||||||||
Newmark Group, Inc. - Class A(b)
|
90,917
|
946,446
|
||||||
Simon Property Group, Inc.
|
1,850
|
279,924
|
||||||
Star Holdings(a)
|
13,692
|
176,216
|
||||||
1,402,586
|
||||||||
TOTAL COMMON STOCKS (Cost $40,652,216)
|
58,838,035
|
|||||||
SHORT-TERM INVESTMENTS - 17.7%
|
||||||||
Investments Purchased with Proceeds from Securities Lending - 17.5%
|
Shares
|
|||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.52%(e)
|
10,478,705
|
10,478,705
|
||||||
Money Market Funds - 0.2%
|
|
|||||||
BlackRock Liquidity Funds Treasury Trust Fund Portfolio - Class Institutional, 5.22%(b)(e)
|
656
|
656
|
||||||
Federated Hermes U.S. Treasury Cash Reserves - Class Institutional, 5.18%(b)(e)
|
656
|
656
|
||||||
Fidelity Treasury Portfolio - Class I, 5.19%(b)(e)
|
656
|
656
|
||||||
Goldman Sachs Financial Square Funds - Treasury Instruments Fund - Class Institutional, 5.18%(b)(e)
|
656
|
656
|
||||||
MSILF Prime Portfolio - Class Institutional, 5.38%(e)
|
112,954
|
112,954
|
||||||
115,578
|
||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,594,283)
|
10,594,283
|
|||||||
TOTAL INVESTMENTS - 116.1% (Cost $51,246,499)
|
$
|
69,432,318
|
||||||
Money Market Deposit Account - 0.0%(b)(f)
|
795
|
|||||||
Liabilities in Excess of Other Assets - (16.1)%
|
(9,604,104
|
)
|
||||||
TOTAL NET ASSETS - 100.0%
|
$
|
59,829,009
|
||||||
Percentages are stated as a percent of net assets.
|
||||||||
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI,
Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S.
Bank Global Fund Services.
|
ADR - American Depositary Receipt
|
AG - Aktiengesellschaft
|
NV - Naamloze Vennootschap
|
PLC - Public Limited Company
|
SA - Sociedad Anónima
|
(a)
|
Non-income producing security.
|
(b)
|
Security position is either entirely or partially held in a segregated account as collateral for securities sold short.
|
(c)
|
All or a portion of this security is on loan as of May 31, 2024. The total market value of these securities was $10,223,306 which represented 17.1% of net assets.
|
(d)
|
Held in connection with written option contracts. See Schedule of Options Written for further information.
|
(e)
|
The rate shown represents the 7-day effective yield as of May 31, 2024.
|
(f)
|
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
market conditions and is subject to change daily. The rate as of May 31, 2024 was 5.17%.
|
Boston Partners Long/Short Equity Fund
|
||||||||||||
Schedule of Written Options
|
||||||||||||
as of May 31, 2024 (Unaudited)
|
||||||||||||
WRITTEN OPTIONS - (0.1)% (a)(b)
|
Notional Amount
|
Contracts
|
Value
|
|||||||||
Call Options - (0.1)%
|
||||||||||||
Builders FirstSource, Inc., Expiration: 01/17/2025; Exercise Price: $180.00
|
$
|
(353,738
|
)
|
(22
|
)
|
$
|
(34,650
|
)
|
||||
TOTAL WRITTEN OPTIONS (Premiums received $57,353)
|
(34,650
|
)
|
||||||||||
Percentages are stated as a percent of net assets.
|
(a)
|
Exchange-traded.
|
(b)
|
100 shares per contract.
|
Boston Partners Long/Short Equity Fund
|
||||||||
Schedule of Securities Sold Short
|
||||||||
as of May 31, 2024 (Unaudited)
|
||||||||
COMMON STOCKS - (19.2)%
|
Shares
|
Value
|
||||||
Communication Services - (1.6)%
|
||||||||
Clear Channel Outdoor Holdings, Inc.
|
(177,786
|
)
|
$
|
(256,012
|
)
|
|||
CTC Communications Group, Inc.(a)
|
(98,900
|
)
|
0
|
|||||
PSQ Holdings, Inc.
|
(25,877
|
)
|
(86,946
|
)
|
||||
QuinStreet, Inc.
|
(19,210
|
)
|
(338,288
|
)
|
||||
Rumble, Inc.
|
(47,640
|
)
|
(300,132
|
)
|
||||
(981,378
|
)
|
|||||||
Consumer Discretionary - (4.6)%
|
||||||||
Birkenstock Holding PLC
|
(5,287
|
)
|
(301,359
|
)
|
||||
Brunswick Corp.
|
(4,970
|
)
|
(410,174
|
)
|
||||
Dutch Bros, Inc. - Class A
|
(6,984
|
)
|
(247,164
|
)
|
||||
Floor & Decor Holdings, Inc. - Class A
|
(3,507
|
)
|
(409,828
|
)
|
||||
Goodyear Tire & Rubber Co.
|
(17,757
|
)
|
(218,589
|
)
|
||||
Krispy Kreme, Inc.
|
(23,579
|
)
|
(246,636
|
)
|
||||
Peloton Interactive, Inc. - Class A
|
(40,218
|
)
|
(146,394
|
)
|
||||
Qsound Labs, Inc.(a)
|
(4,440
|
)
|
0
|
|||||
Tesla, Inc.
|
(2,429
|
)
|
(432,556
|
)
|
||||
Warby Parker, Inc. - Class A
|
(17,493
|
)
|
(309,801
|
)
|
||||
Workhorse Group, Inc.
|
(77,319
|
)
|
(15,070
|
)
|
||||
(2,737,571
|
)
|
|||||||
Consumer Staples - (1.2)%
|
||||||||
Amish Naturals, Inc.(a)
|
(25,959
|
)
|
0
|
|||||
Duckhorn Portfolio, Inc.
|
(10,951
|
)
|
(88,375
|
)
|
||||
Utz Brands, Inc.
|
(13,116
|
)
|
(243,171
|
)
|
||||
Westrock Coffee Co.
|
(35,462
|
)
|
(368,095
|
)
|
||||
(699,641
|
)
|
|||||||
Energy - (0.2)%
|
||||||||
Beard Co.
|
(9,710
|
)
|
0
|
|||||
OPAL Fuels, Inc. - Class A
|
(21,231
|
)
|
(102,546
|
)
|
||||
(102,546
|
)
|
|||||||
Financials - (1.9)%
|
||||||||
Affirm Holdings, Inc.
|
(4,181
|
)
|
(122,378
|
)
|
||||
Credit Acceptance Corp.
|
(577
|
)
|
(283,209
|
)
|
||||
Hippo Holdings, Inc.
|
(11,156
|
)
|
(196,792
|
)
|
||||
Nelnet, Inc. - Class A
|
(2,279
|
)
|
(236,241
|
)
|
||||
Upstart Holdings, Inc.
|
(12,125
|
)
|
(299,730
|
)
|
||||
(1,138,350
|
)
|
|||||||
Health Care - (1.9)%
|
||||||||
BodyTel Scientific, Inc.(a)
|
(4,840
|
)
|
(1
|
)
|
||||
CareView Communications, Inc.
|
(165,489
|
)
|
(8,771
|
)
|
||||
Establishment Labs Holdings, Inc.
|
(5,527
|
)
|
(288,675
|
)
|
||||
Legend Biotech Corp. - ADR
|
(3,279
|
)
|
(131,193
|
)
|
||||
LifeStance Health Group, Inc.
|
(37,744
|
)
|
(210,234
|
)
|
||||
Madrigal Pharmaceuticals, Inc.
|
(769
|
)
|
(181,607
|
)
|
||||
PROCEPT BioRobotics Corp.
|
(4,876
|
)
|
(323,766
|
)
|
||||
(1,144,247
|
)
|
|||||||
Industrials - (2.6)%
|
||||||||
ACV Auctions, Inc. - Class A
|
(11,451
|
)
|
(204,400
|
)
|
||||
Ameresco, Inc. - Class A
|
(5,730
|
)
|
(209,260
|
)
|
||||
Applied Energetics, Inc.
|
(54,756
|
)
|
(102,941
|
)
|
||||
Corporate Resource Services, Inc.(a)
|
(218,896
|
)
|
(22
|
)
|
||||
Custom Truck One Source, Inc.
|
(28,940
|
)
|
(138,044
|
)
|
||||
Driven Brands Holdings, Inc.
|
(19,210
|
)
|
(220,723
|
)
|
||||
DynaMotive Energy Systems Corp.(a)
|
(72,185
|
)
|
(7
|
)
|
||||
EHang Holdings Ltd. - ADR
|
(9,527
|
)
|
(161,673
|
)
|
||||
Ener1, Inc.(a)
|
(102,820
|
)
|
(10
|
)
|
||||
Hayward Holdings, Inc.
|
(22,052
|
)
|
(319,534
|
)
|
||||
LanzaTech Global, Inc.
|
(46,248
|
)
|
(122,557
|
)
|
||||
Sunrun, Inc.
|
(6,004
|
)
|
(86,818
|
)
|
||||
Valence Technology, Inc.(a)
|
(27,585
|
)
|
(3
|
)
|
||||
(1,565,992
|
)
|
|||||||
Information Technology - (4.7)%
|
||||||||
Amplitude, Inc. - Class A
|
(16,279
|
)
|
(145,209
|
)
|
||||
ANTs software, Inc.(a)
|
(10,334
|
)
|
(1
|
)
|
||||
Astera Labs, Inc.
|
(3,891
|
)
|
(251,125
|
)
|
||||
Consygen, Inc.(a)
|
(200
|
)
|
0
|
|||||
Entegris, Inc.
|
(2,477
|
)
|
(312,969
|
)
|
||||
Envestnet, Inc.
|
(8,118
|
)
|
(531,810
|
)
|
||||
Impinj, Inc.
|
(2,232
|
)
|
(365,311
|
)
|
||||
Interliant, Inc.(a)
|
(600
|
)
|
0
|
|||||
IonQ, Inc.
|
(16,516
|
)
|
(134,605
|
)
|
||||
Lightwave Logic, Inc.
|
(54,237
|
)
|
(167,050
|
)
|
||||
MicroVision, Inc.
|
(85,226
|
)
|
(100,567
|
)
|
||||
nCino, Inc.
|
(4,875
|
)
|
(148,834
|
)
|
||||
Nestor, Inc.(a)
|
(15,200
|
)
|
(1
|
)
|
||||
NextNav, Inc.
|
(21,152
|
)
|
(166,995
|
)
|
||||
Novanta, Inc.
|
(1,248
|
)
|
(202,376
|
)
|
||||
Snowflake, Inc. - Class A
|
(817
|
)
|
(111,259
|
)
|
||||
Sprout Social, Inc. - Class A
|
(5,384
|
)
|
(175,788
|
)
|
||||
Tiger Telematics, Inc.(a)
|
(6,510
|
)
|
0
|
|||||
Uni-Pixel, Inc.
|
(19,665
|
)
|
0
|
|||||
Worldgate Communications, Inc.(a)
|
(582,655
|
)
|
(58
|
)
|
||||
XRiver Corp.(a)
|
(34,156
|
)
|
0
|
|||||
(2,813,958
|
)
|
|||||||
Materials - (0.5)%
|
||||||||
Coeur Mining, Inc.
|
(57,619
|
)
|
(331,309
|
)
|
||||
TOTAL COMMON STOCKS (Proceeds $16,482,053)
|
(11,514,992
|
)
|
||||||
TOTAL SECURITIES SOLD SHORT - (19.2)% (Proceeds $16,482,053)
|
(11,514,992
|
)
|
Percentages are stated as a percent of net assets.
|
||||
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and
Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund
Services.
|
(a)
|
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
represented $(103) or 0.0% of net assets as of May 31, 2024.
|
Boston Partners Long/Short Equity Fund
|
|||||||||||||||
Contracts For Difference
|
|||||||||||||||
as of May 31, 2024 (Unaudited)
|
|||||||||||||||
Reference Entity
|
Counterparty
|
Maturity Date
|
Financing Rate
|
Payment Frequency
|
Notional Amount
|
Value/ Unrealized Appreciation (Depreciation)
|
|||||||||
Short
|
|||||||||||||||
United States
|
|||||||||||||||
Azek Co., Inc.
|
J.P. Morgan Securities, Inc.
|
8/31/2026
|
5.07
|
%
|
Termination
|
$
|
(150,642
|
)
|
$
|
(49,910
|
)
|
||||
Azek Co., Inc.
|
J.P. Morgan Securities, Inc.
|
9/28/2026
|
5.07
|
Termination
|
(120,284
|
)
|
(45,618
|
)
|
|||||||
Glaukos Corp.
|
J.P. Morgan Securities, Inc.
|
8/31/2026
|
5.07
|
Termination
|
(388,659
|
)
|
(133,507
|
)
|
|||||||
Nerdy, Inc.
|
J.P. Morgan Securities, Inc.
|
8/31/2026
|
4.63
|
Termination
|
(91,647
|
)
|
160,143
|
||||||||
Nerdy, Inc.
|
J.P. Morgan Securities, Inc.
|
9/28/2026
|
4.63
|
Termination
|
(25,301
|
)
|
23,432
|
||||||||
WW International, Inc.
|
J.P. Morgan Securities, Inc.
|
8/31/2026
|
5.07
|
Termination
|
(66,400
|
)
|
342,737
|
||||||||
Total Short
|
297,277
|
||||||||||||||
Net unrealized gain/(loss) on Contracts For Difference
|
297,277
|
There are no upfront payments or receipts associated with contracts for difference in the Fund.
|
Level 1 -
|
Prices are determined using quoted prices in active markets for identical securities.
|
Level 2 -
|
Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
Level 3 -
|
Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Assets:
|
||||||||||||||||
Investments:
|
||||||||||||||||
Common Stocks
|
57,635,057
|
1,202,978
|
0
|
(a)
|
58,838,035
|
|||||||||||
Investments Purchased with Proceeds from Securities Lending(b)
|
–
|
–
|
–
|
10,478,705
|
||||||||||||
Money Market Funds
|
115,578
|
–
|
–
|
115,578
|
||||||||||||
Total Investments
|
57,750,635
|
1,202,978
|
0
|
(a)
|
69,432,318
|
|||||||||||
Other Financial Instruments*:
|
||||||||||||||||
Contracts For Difference
|
526,312
|
–
|
–
|
526,312
|
||||||||||||
Total Other Financial Instruments
|
526,312
|
–
|
–
|
526,312
|
||||||||||||
Liabilities:
|
||||||||||||||||
Investments:
|
||||||||||||||||
Common Stocks
|
(11,514,889
|
)
|
0
|
(a)
|
(103
|
)
|
(11,514,992
|
)
|
||||||||
Written Options
|
–
|
(34,650
|
)
|
–
|
(34,650
|
)
|
||||||||||
Total Investments
|
(11,514,889
|
)
|
(34,650
|
)
|
(103
|
)
|
(11,549,642
|
)
|
||||||||
Other Financial Instruments*:
|
||||||||||||||||
Contracts For Difference
|
(229,035
|
)
|
–
|
–
|
(229,035
|
)
|
||||||||||
Total Other Financial Instruments
|
(229,035
|
)
|
–
|
–
|
(229,035
|
)
|
||||||||||
* The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of May 31, 2024.
|
||||||||||||||||
Refer to the Schedule of Investments for additional information.
|
(a)
|
Amount is less than $0.50.
|
(b)
|
Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.
|