International Value - Schedule of Investments | ||
FEBRUARY 28, 2023 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 101.5% | ||||||||
Australia — 6.7% | ||||||||
ANZ Group Holdings Ltd. | 909,665 | 15,047,195 | ||||||
BHP Group Ltd. | 998,839 | 30,229,903 | ||||||
BlueScope Steel Ltd. | 330,123 | 4,223,822 | ||||||
Fortescue Metals Group Ltd. | 909,333 | 13,030,666 | ||||||
Origin Energy Ltd. | 1,481,187 | 7,945,722 | ||||||
Sonic Healthcare Ltd. | 473,331 | 10,239,627 | ||||||
South32 Ltd. | 4,103,671 | 11,922,907 | ||||||
Westpac Banking Corp. | 107,598 | 1,627,035 | ||||||
94,266,877 | ||||||||
Austria — 2.3% | ||||||||
Erste Group Bank AG | 462,671 | 18,161,221 | ||||||
OMV AG | 285,150 | 13,888,935 | ||||||
32,050,156 | ||||||||
Belgium — 0.2% | ||||||||
UCB SA | 36,779 | 3,161,827 | ||||||
Canada — 3.6% | ||||||||
Cenovus Energy, Inc. | 268,488 | 4,950,647 | ||||||
Great-West Lifeco, Inc.(1) | 418,577 | 11,420,756 | ||||||
Manulife Financial Corp.(1) | 662,243 | 13,094,405 | ||||||
Power Corp. of Canada | 390,326 | 10,418,229 | ||||||
Restaurant Brands International, Inc. | 161,476 | 10,419,906 | ||||||
50,303,943 | ||||||||
Denmark — 1.1% | ||||||||
AP Moller - Maersk A/S, B Shares | 6,810 | 15,862,857 | ||||||
Finland — 0.3% | ||||||||
Nokia Oyj | 844,663 | 3,907,874 | ||||||
France — 11.1% | ||||||||
AXA SA | 251,285 | 7,918,358 | ||||||
BNP Paribas SA | 318,048 | 22,235,097 | ||||||
Cie de Saint-Gobain | 331,055 | 19,672,159 | ||||||
Credit Agricole SA | 1,333,120 | 16,247,426 | ||||||
Engie SA | 462,076 | 6,743,246 | ||||||
Euroapi SA(2) | 1,165 | 19,083 | ||||||
L'Oreal SA | 8,906 | 3,520,300 | ||||||
Publicis Groupe SA | 159,540 | 12,665,425 | ||||||
Safran SA | 20,903 | 2,951,531 | ||||||
Sanofi | 107,691 | 10,068,919 | ||||||
Societe Generale SA | 428,013 | 12,335,141 | ||||||
Sodexo SA | 104,692 | 9,696,332 | ||||||
TotalEnergies SE | 510,226 | 31,483,060 | ||||||
155,556,077 | ||||||||
Germany — 8.9% | ||||||||
Allianz SE | 133,775 | 31,412,158 | ||||||
BASF SE | 178,800 | 9,154,964 | ||||||
Commerzbank AG(2) | 512,038 | 6,239,434 | ||||||
Deutsche Post AG | 275,417 | 11,647,640 | ||||||
E.ON SE | 1,483,658 | 16,187,985 | ||||||
Henkel AG & Co. KGaA, Preference Shares | 78,364 | 5,700,848 |
Mercedes-Benz Group AG | 47,278 | 3,623,514 | ||||||
Siemens AG | 179,997 | 27,430,065 | ||||||
Volkswagen AG, Preference Shares | 94,014 | 12,797,712 | ||||||
124,194,320 | ||||||||
Hong Kong — 4.1% | ||||||||
CK Asset Holdings Ltd. | 2,265,000 | 14,206,151 | ||||||
Hongkong Land Holdings Ltd. | 778,400 | 3,560,841 | ||||||
Power Assets Holdings Ltd. | 2,034,500 | 10,882,082 | ||||||
Sun Hung Kai Properties Ltd. | 1,281,000 | 17,506,670 | ||||||
Swire Pacific Ltd., Class A | 331,000 | 2,701,194 | ||||||
WH Group Ltd. | 13,392,500 | 7,793,483 | ||||||
56,650,421 | ||||||||
Ireland — 0.5% | ||||||||
CRH PLC | 137,240 | 6,446,639 | ||||||
Israel — 0.7% | ||||||||
Bank Leumi Le-Israel BM | 108,675 | 844,896 | ||||||
ICL Group Ltd. | 1,180,170 | 8,564,923 | ||||||
9,409,819 | ||||||||
Italy — 5.6% | ||||||||
Assicurazioni Generali SpA | 967,160 | 19,129,814 | ||||||
Eni SpA | 1,078,235 | 15,229,015 | ||||||
Intesa Sanpaolo SpA | 9,295,801 | 25,110,593 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 204,250 | 2,179,657 | ||||||
Stellantis NV | 975,886 | 17,072,420 | ||||||
78,721,499 | ||||||||
Japan — 17.9% | ||||||||
AGC, Inc. | 64,100 | 2,371,487 | ||||||
Astellas Pharma, Inc. | 508,000 | 7,133,628 | ||||||
Canon, Inc.(1) | 796,600 | 17,144,620 | ||||||
Honda Motor Co. Ltd. | 227,500 | 5,915,723 | ||||||
INPEX Corp. | 1,419,200 | 14,879,441 | ||||||
ITOCHU Corp.(1) | 621,900 | 18,589,011 | ||||||
Japan Post Bank Co. Ltd.(1) | 465,300 | 4,019,595 | ||||||
Japan Post Insurance Co. Ltd. | 256,300 | 4,449,964 | ||||||
KDDI Corp. | 62,400 | 1,825,691 | ||||||
Lixil Corp. | 127,900 | 2,039,015 | ||||||
Marubeni Corp. | 963,000 | 12,293,713 | ||||||
Mitsubishi Corp. | 602,700 | 20,474,356 | ||||||
Mitsubishi Electric Corp. | 428,800 | 4,818,518 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 2,664,200 | 18,887,826 | ||||||
Mitsui & Co. Ltd. | 466,700 | 13,098,339 | ||||||
Mizuho Financial Group, Inc. | 504,000 | 7,855,995 | ||||||
MS&AD Insurance Group Holdings, Inc. | 190,900 | 6,247,035 | ||||||
Nippon Yusen KK(1) | 190,700 | 4,956,862 | ||||||
Otsuka Holdings Co. Ltd. | 153,600 | 4,653,455 | ||||||
SoftBank Group Corp. | 128,100 | 5,180,526 | ||||||
Sompo Holdings, Inc. | 109,200 | 4,688,075 | ||||||
Sumitomo Chemical Co. Ltd.(1) | 1,590,000 | 5,571,351 | ||||||
Sumitomo Mitsui Financial Group, Inc.(1) | 554,300 | 24,208,403 | ||||||
Takeda Pharmaceutical Co. Ltd. | 767,700 | 23,663,795 | ||||||
Tokyo Gas Co. Ltd. | 180,100 | 3,473,668 | ||||||
Toyota Motor Corp. | 889,500 | 12,123,499 | ||||||
250,563,591 | ||||||||
Netherlands — 5.6% | ||||||||
ABN AMRO Bank NV, CVA | 103,813 | 1,831,902 |
Aegon NV | 970,544 | 5,049,969 | ||||||
Coca-Cola Europacific Partners PLC | 196,044 | 10,782,420 | ||||||
ING Groep NV | 1,410,083 | 19,734,274 | ||||||
Koninklijke Ahold Delhaize NV | 695,209 | 22,074,186 | ||||||
NN Group NV | 230,557 | 9,332,153 | ||||||
Randstad NV | 159,538 | 9,789,279 | ||||||
78,594,183 | ||||||||
Norway — 0.6% | ||||||||
Aker BP ASA | 192,464 | 5,165,854 | ||||||
Equinor ASA | 33,928 | 1,038,650 | ||||||
Telenor ASA | 199,929 | 2,241,772 | ||||||
8,446,276 | ||||||||
Singapore — 0.3% | ||||||||
Singapore Telecommunications Ltd. | 1,997,500 | 3,509,362 | ||||||
Spain — 3.2% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 1,034,939 | 8,044,609 | ||||||
Banco Santander SA | 2,419,433 | 9,526,286 | ||||||
CaixaBank SA | 582,107 | 2,499,491 | ||||||
Endesa SA | 577,468 | 11,324,156 | ||||||
Iberdrola SA | 144,851 | 1,660,487 | ||||||
Industria de Diseno Textil SA | 394,432 | 12,151,159 | ||||||
45,206,188 | ||||||||
Sweden — 2.0% | ||||||||
H & M Hennes & Mauritz AB, B Shares(1) | 1,155,576 | 14,560,702 | ||||||
Investor AB, B Shares | 175,802 | 3,395,856 | ||||||
Swedbank AB, A Shares | 254,609 | 5,202,305 | ||||||
Telia Co. AB | 939,483 | 2,426,105 | ||||||
Volvo AB, B Shares | 105,962 | 2,120,207 | ||||||
27,705,175 | ||||||||
Switzerland — 4.4% | ||||||||
Adecco Group AG | 95,101 | 3,390,948 | ||||||
Holcim AG(2) | 191,557 | 11,823,857 | ||||||
Kuehne + Nagel International AG | 37,546 | 9,613,175 | ||||||
Novartis AG | 305,439 | 25,705,782 | ||||||
Roche Holding AG | 31,750 | 9,154,759 | ||||||
Swiss Re AG | 22,477 | 2,348,119 | ||||||
62,036,640 | ||||||||
Taiwan — 0.3% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 259,000 | 4,284,868 | ||||||
United Kingdom — 21.8% | ||||||||
3i Group PLC | 204,745 | 4,005,680 | ||||||
Anglo American PLC | 566,302 | 19,568,402 | ||||||
Associated British Foods PLC | 173,540 | 4,183,321 | ||||||
Aviva PLC | 1,921,766 | 10,324,514 | ||||||
Barclays PLC | 9,146,136 | 19,193,960 | ||||||
Barratt Developments PLC | 2,423,333 | 13,625,129 | ||||||
BP PLC | 5,011,646 | 32,934,172 | ||||||
GSK PLC | 994,530 | 17,037,210 | ||||||
Haleon PLC(2) | 1,391,165 | 5,383,328 | ||||||
HSBC Holdings PLC | 3,049,986 | 23,363,032 | ||||||
J Sainsbury PLC | 4,162,292 | 13,423,648 | ||||||
Kingfisher PLC | 3,301,976 | 11,419,411 | ||||||
Legal & General Group PLC | 3,911,576 | 12,040,217 | ||||||
Lloyds Banking Group PLC | 5,839,381 | 3,687,743 | ||||||
NatWest Group PLC | 1,657,486 | 5,822,650 |
Persimmon PLC | 209,604 | 3,655,215 | ||||||
Rio Tinto PLC | 345,097 | 23,682,122 | ||||||
Shell PLC | 864,579 | 26,186,693 | ||||||
Standard Chartered PLC | 783,057 | 7,409,439 | ||||||
Tesco PLC | 5,059,604 | 15,499,505 | ||||||
Unilever PLC | 375,623 | 18,701,322 | ||||||
Vodafone Group PLC | 12,020,648 | 14,393,216 | ||||||
305,539,929 | ||||||||
United States — 0.3% | ||||||||
NXP Semiconductors NV | 19,663 | 3,509,452 | ||||||
TOTAL COMMON STOCKS (Cost $1,285,221,800) | 1,419,927,973 | |||||||
SHORT-TERM INVESTMENTS — 1.3% | ||||||||
Money Market Funds — 1.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 3,867 | 3,867 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 15,457,251 | 15,457,251 | ||||||
15,461,118 | ||||||||
Repurchase Agreements — 0.2% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $695,845), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $683,373) | 683,289 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.875%, 11/30/29, valued at $2,169,572), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $2,127,268) | 2,127,000 | |||||||
2,810,289 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $18,271,407) | 18,271,407 | |||||||
TOTAL INVESTMENT SECURITIES — 102.8% (Cost $1,303,493,207) | 1,438,199,380 | |||||||
OTHER ASSETS AND LIABILITIES — (2.8)% | (38,771,097) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 1,399,428,283 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Financials | 31.2% | ||||
Industrials | 12.9% | ||||
Energy | 10.5% | ||||
Materials | 10.3% | ||||
Consumer Discretionary | 9.1% | ||||
Health Care | 7.8% | ||||
Consumer Staples | 7.6% | ||||
Utilities | 4.3% | ||||
Communication Services | 3.0% | ||||
Real Estate | 2.7% | ||||
Information Technology | 2.1% | ||||
Short-Term Investments | 1.3% | ||||
Other Assets and Liabilities | (2.8)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
CVA | – | Certificaten Van Aandelen |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | $ | 14,291,872 | $ | 1,405,636,101 | — | ||||||
Short-Term Investments | 15,461,118 | 2,810,289 | — | ||||||||
$ | 29,752,990 | $ | 1,408,446,390 | — |