Lord Abbett
Quarterly Portfolio Holdings Report

Lord Abbett
Alpha Strategy Fund
Focused Growth Fund
Focused Large Cap Value Fund
Focused Small Cap Value Fund
Fundamental Equity Fund
Global Equity Fund
Growth Leaders Fund
Health Care Fund
International Equity Fund
International Opportunities Fund
International Value Fund
Micro Cap Growth Fund
Value Opportunities Fund

For the period ended January 31, 2023

Schedule of Investments (unaudited)

ALPHA STRATEGY FUND January 31, 2023

			Fair
Investments	Shares		Value
LONG-TERM INVESTMENTS 100.02%
INVESTMENTS IN UNDERLYING FUNDS(a)(b) 100.02%
Lord Abbett Developing Growth Fund, Inc. - Class I*(c)		5,486,232	$	132,602,227
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I(d)		2,411,273		66,816,369
Lord Abbett Securities Trust - International Opportunities Fund - Class I(d)		7,289,607		131,577,405
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I*(d)		3,778,617		66,276,950
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I(d)		7,302,676		133,711,999
Lord Abbett Securities Trust - Value Opportunities Fund - Class I(d)		7,485,682		132,571,431
Total Investments in Underlying Funds (cost 685,056,253)				663,556,381

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.08%
Repurchase Agreements 0.08%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $566,900 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $548,997; proceeds: $538,204 (cost $538,174)	$	538,174	$	538,174
Total Investments in Securities 100.10% (cost $685,594,427)				664,094,555
Other Assets and Liabilities – Net (0.10)%				(654,221	)
Net Assets 100.00%			$	663,440,334

*	Non-income producing security.
(a)	Affiliated issuer.
(b)	These investments offer daily redemptions.
(c)	Fund investment objective is long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter.
(d)	Fund investment objective is long-term capital appreciation.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Investments in Underlying Funds	$	663,556,381	$	–	$	–	$	663,556,381
Short-Term Investments
Repurchase Agreements		–		538,174		–		538,174
Total	$	663,556,381	$	538,174	$	–	$	664,094,555

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each in each investment in Underlying Funds. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 1

Schedule of Investments (unaudited)

FOCUSED GROWTH FUND January 31, 2023

			Fair
Investments	Shares		Value
LONG-TERM INVESTMENTS 98.13%
COMMON STOCKS 98.13%
Aerospace & Defense 5.98%
Axon Enterprise, Inc.*		5,626	$	1,099,545
Raytheon Technologies Corp.		10,076		1,006,089
Total				2,105,634
Biotechnology 7.17%
Argenx SE ADR*		1,824		697,224
Sarepta Therapeutics, Inc.*		7,259		907,157
Vertex Pharmaceuticals, Inc.*		2,853		921,805
Total				2,526,186
Communications Equipment 3.69%
Arista Networks, Inc.*		5,796		730,412
Calix, Inc.*		10,801		568,565
Total				1,298,977
Electrical Equipment 3.02%
Rockwell Automation, Inc.		3,778		1,065,509
Health Care Equipment & Supplies 4.09%
DexCom, Inc.*		7,403		792,787
TransMedics Group, Inc.*		10,260		646,585
Total				1,439,372
Hotels, Restaurants & Leisure 2.86%
Chipotle Mexican Grill, Inc.*		613		1,009,231
Information Technology Services 13.71%
Block, Inc.*		8,745		714,641
Mastercard, Inc. Class A		4,645		1,721,437
Shopify, Inc. Class A (Canada)*(a)		34,984		1,723,662
Snowflake, Inc. Class A*		4,285		670,345
Total				4,830,085

			Fair
Investments	Shares		Value
Internet & Direct Marketing Retail 10.23%
MercadoLibre, Inc. (Uruguay)*(a)		1,253	$	1,480,658
Netflix, Inc.*		3,521		1,245,941
Pinduoduo, Inc. ADR*		8,947		876,627
Total				3,603,226
Machinery 2.53%
Deere & Co.		2,107		890,924
Pharmaceuticals 2.95%
Eli Lilly & Co.		3,022		1,040,021
Semiconductors & Semiconductor Equipment 14.97%
Advanced Micro Devices, Inc.*		7,983		599,922
Applied Materials, Inc.		6,175		688,451
First Solar, Inc.*		4,351		772,738
Lattice Semiconductor Corp.*		14,340		1,086,829
Monolithic Power Systems, Inc.		1,665		710,222
NVIDIA Corp.		7,244		1,415,260
Total				5,273,422
Software 12.02%
Bill.com Holdings, Inc.*		5,520		638,222
Clear Secure, Inc. Class A		35,825		1,124,547
Microsoft Corp.		5,746		1,423,916
ServiceNow, Inc.*		2,300		1,046,799
Total				4,233,484
Technology Hardware, Storage & Peripherals 7.91%
Apple, Inc.		19,319		2,787,539
Textiles, Apparel & Luxury Goods 7.00%
Crocs, Inc.*		8,869		1,079,978
NIKE, Inc. Class B		10,887		1,386,242
Total				2,466,220
Total Common Stocks (cost $33,153,508)				34,569,830

2 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED GROWTH FUND January 31, 2023

	Principal		Fair
Investments	Amount		Value
SHORT-TERM INVESTMENTS 3.49%
Repurchase Agreements 3.49%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $1,293,700 of U.S. Treasury Note at 2.250% due 11/15/2024 value: $1,252,844; proceeds: $1,228,297 (cost $1,228,227)	$	1,228,227	$	1,228,227
Total Investments in Securities 101.62% (cost $34,381,735)				35,798,057
Other Assets and Liabilities – Net (1.62)%				(570,373	)
Net Assets 100.00%			$	35,227,684

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	34,569,830	$	–	$	–	$	34,569,830
Short-Term Investments
Repurchase Agreements		–		1,228,227		–		1,228,227
Total	$	34,569,830	$	1,228,227	$	–	$	35,798,057

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 3

Schedule of Investments (unaudited)

FOCUSED LARGE CAP VALUE FUND January 31, 2023

			Fair
Investments	Shares		Value
LONG-TERM INVESTMENTS 98.74%
COMMON STOCKS 98.74%
Aerospace & Defense 4.08%
Raytheon Technologies Corp.		8,920	$	890,662
Air Freight & Logistics 1.71%
Expeditors International of Washington, Inc.		3,450		373,118
Automobiles 2.60%
General Motors Co.		14,400		566,208
Banks 6.73%
JPMorgan Chase & Co.		5,380		752,985
Wells Fargo & Co.		15,250		714,767
Total				1,467,752
Biotechnology 4.73%
AbbVie, Inc.		4,290		633,847
Gilead Sciences, Inc.		4,740		397,876
Total				1,031,723
Building Products 2.30%
Masco Corp.		9,430		501,676
Capital Markets 10.42%
Ameriprise Financial, Inc.		2,540		889,305
Charles Schwab Corp. (The)		7,080		548,134
KKR & Co., Inc.		14,950		834,359
Total				2,271,798
Chemicals 2.60%
Valvoline, Inc.		15,440		566,030
Construction Materials 2.75%
Eagle Materials, Inc.		4,110		600,389
Energy Equipment & Services 2.98%
Schlumberger Ltd.		11,390		649,002
Food & Staples Retailing 2.57%
BJ’s Wholesale Club Holdings, Inc.*		7,720		559,468

			Fair
Investments	Shares		Value
Health Care Providers & Services 5.48%
Centene Corp.*		7,030	$	535,967
CVS Health Corp.		7,470		659,004
Total				1,194,971
Hotels, Restaurants & Leisure 2.75%
Caesars Entertainment, Inc.*		11,540		600,772
Household Products 1.86%
Spectrum Brands Holdings, Inc.		5,960		404,565
Information Technology Services 7.62%
Euronet Worldwide, Inc.*		4,360		491,285
Fiserv, Inc.*		5,680		605,942
PayPal Holdings, Inc.*		6,940		565,541
Total				1,662,768
Insurance 6.54%
Allstate Corp. (The)		6,000		770,820
RenaissanceRe Holdings Ltd.		3,350		655,561
Total				1,426,381
Interactive Media & Services 1.96%
Alphabet, Inc. Class A*		4,320		426,989
Machinery 3.30%
Parker-Hannifin Corp.		2,210		720,460
Metals & Mining 0.98%
Alcoa Corp.		4,090		213,662
Multi-Line Retail 2.69%
Target Corp.		3,410		586,997
Oil, Gas & Consumable Fuels 5.85%
Chesapeake Energy Corp.		6,018		521,881
Pioneer Natural Resources Co.		1,590		366,256
Shell plc ADR		6,600		388,146
Total				1,276,283

4 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED LARGE CAP VALUE FUND January 31, 2023

			Fair
Investments	Shares		Value
Pharmaceuticals 5.49%
Organon & Co.		22,100	$	665,873
Pfizer, Inc.		12,050		532,128
Total				1,198,001
Semiconductors & Semiconductor Equipment 1.95%
Micron Technology, Inc.		7,050		425,115
Software 2.72%
Adobe, Inc.*		1,600		592,544
Trading Companies & Distributors 3.15%
AerCap Holdings NV (Ireland)*(a)		10,860		686,461
Wireless Telecommunication Services 2.93%
T-Mobile US, Inc.*		4,280		639,047
Total Common Stocks (cost $19,717,847)				21,532,842

	Principal		Fair
Investments	Amount		Value
SHORT-TERM INVESTMENTS 0.79%
Repurchase Agreements 0.79%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $186,400 of U.S. Treasury Note at 0.750% due 11/15/2024; value: $175,091; proceeds: $171,615 (cost $171,606)	$	171,606	$	171,606
Total Investments in Securities 99.53% (cost $19,889,453)				21,704,448
Other Assets and Liabilities – Net 0.47%				102,099
Net Assets 100.00%			$	21,806,547

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	21,532,842	$	–	$	–	$	21,532,842
Short-Term Investments
Repurchase Agreements		–		171,606		–		171,606
Total	$	21,532,842	$	171,606	$	–	$	21,704,448

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 5

Schedule of Investments (unaudited)

FOCUSED SMALL CAP VALUE FUND January 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 97.74%
COMMON STOCKS 97.74%
Auto Components 2.15%
Dorman Products, Inc.*		29,856	$	2,897,823
Banks 12.73%
Bancorp, Inc. (The)*		102,600		3,481,218
First BanCorp		222,396		2,991,226
Heritage Financial Corp.		82,300		2,348,019
Prosperity Bancshares, Inc.		35,075		2,660,790
SouthState Corp.		30,229		2,406,228
Wintrust Financial Corp.		35,429		3,240,691
Total				17,128,172
Building Products 3.30%
Masonite International Corp.*		48,644		4,437,306
Capital Markets 5.85%
Bridge Investment Group Holdings, Inc. Class A		214,978		3,201,022
CI Financial Corp.(a)		192,000		2,290,061
Moelis & Co. Class A		50,908		2,379,949
Total				7,871,032
Chemicals 1.80%
Element Solutions, Inc.		118,210		2,420,941
Commercial Banks 1.47%
WSFS Financial Corp.		40,874		1,974,623
Commercial Services & Supplies 3.47%
SP Plus Corp.*		123,718		4,665,406
Construction & Engineering 2.45%
EMCOR Group, Inc.		22,214		3,293,225
Construction Materials 2.71%
Eagle Materials, Inc.		24,988		3,650,247

Investments	Shares		Fair Value
Containers & Packaging 1.76%
Pactiv Evergreen, Inc.		205,958	$	2,370,577
Electrical Equipment 1.28%
Brady Corp. Class A		32,191		1,721,253
Electronic Equipment, Instruments & Components 2.47%
Belden, Inc.		41,021		3,326,393
Energy Equipment & Services 3.09%
NOV, Inc.		56,564		1,382,424
TechnipFMC plc (United Kingdom)*(b)		200,019		2,778,264
Total				4,160,688
Entertainment 1.96%
Marcus Corp. (The)		174,160		2,636,782
Equity Real Estate Investment Trusts 2.09%
Physicians Realty Trust		176,999		2,807,204
Health Care Providers & Services 2.68%
Tenet Healthcare Corp.*		65,782		3,608,143
Hotels, Restaurants & Leisure 1.81%
Dave & Buster’s Entertainment, Inc.*		56,300		2,440,605
Household Products 4.75%
Reynolds Consumer Products, Inc.		102,207		3,042,703
Spectrum Brands Holdings, Inc.		49,372		3,351,371
Total				6,394,074
Information Technology Services 6.47%
Euronet Worldwide, Inc.*		25,016		2,818,803
International Money Express, Inc.*		182,477		4,153,176
WNS Holdings Ltd. ADR *		20,422		1,730,356
Total				8,702,335

6 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

FOCUSED SMALL CAP VALUE FUND January 31, 2023

Investments	Shares		Fair Value
Insurance 7.45%
Kemper Corp.		76,873	$	4,514,751
RenaissanceRe Holdings Ltd.		17,152		3,356,475
Stewart Information Services Corp.		45,094		2,154,140
Total				10,025,366
Interactive Media & Services 3.12%
Cars.com, Inc.*		245,157		4,192,185
Internet Software & Services 1.20%
Perficient, Inc.*		21,861		1,620,774
Machinery 2.51%
Columbus McKinnon Corp.		93,866		3,374,483
Oil, Gas & Consumable Fuels 3.56%
Chesapeake Energy Corp.		24,408		2,116,662
MEG Energy Corp.*(a)		162,200		2,680,679
Total				4,797,341
Pharmaceuticals 3.45%
Organon & Co.		154,017		4,640,532
Professional Services 1.21%
TrueBlue, Inc.*		83,300		1,635,179
Real Estate Management & Development 2.19%
Marcus & Millichap, Inc.		81,491		2,953,234
Semiconductors & Semiconductor Equipment 2.49%
FormFactor, Inc.*		118,969		3,347,788
Software 0.59%
CommVault Systems, Inc.*		12,666		788,205
Specialty Retail 1.42%
Boot Barn Holdings, Inc.*		22,929		1,914,342

Investments	Shares		Fair Value
Textiles, Apparel & Luxury Goods 1.01%
Deckers Outdoor Corp.*		3,176	$	1,357,676
Trading Companies & Distributors 3.25%
MRC Global, Inc.*		321,705		4,375,188
Total Common Stocks (cost $119,265,292)				131,529,122
	Principal Amount
SHORT-TERM INVESTMENTS 2.97%
Repurchase Agreements 2.97%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $4,033,200 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $4,072,148; proceeds: $3,992,486 (cost $3,992,259)	$	3,992,259		3,992,259
Total Investments in Securities 100.71% (cost $123,257,551)				135,521,381
Other Assets and Liabilities – Net (0.71)%				(951,474	)
Net Assets 100.00%			$	134,569,907

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Investment in non-U.S. dollar denominated securities.
(b)	Foreign security traded in U.S. dollars.

See Notes to Schedule of Investments. 7

Schedule of Investments (unaudited)(concluded)

FOCUSED SMALL CAP VALUE FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	131,529,122	$	–	$	–	$	131,529,122
Short-Term Investments
Repurchase Agreements		–		3,992,259		–		3,992,259
Total	$	131,529,122	$	3,992,259	$	–	$	135,521,381

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

8 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FUNDAMENTAL EQUITY FUND January 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.62%
COMMON STOCKS 98.62%
Aerospace & Defense 4.23%
Lockheed Martin Corp.		71,160	$	32,965,582
Raytheon Technologies Corp.		522,540		52,175,619
Total				85,141,201
Air Freight & Logistics 1.05%
Expeditors International of Washington, Inc.		194,790		21,066,539
Automobiles 1.71%
General Motors Co.		873,560		34,348,379
Banks 6.39%
East West Bancorp, Inc.		361,120		28,355,142
JPMorgan Chase & Co.		427,540		59,838,499
Wells Fargo & Co.		864,130		40,501,773
Total				128,695,414
Beverages 1.54%
Carlsberg A/S Class B(a)		218,150		30,968,926
Biotechnology 1.93%
AbbVie, Inc.		262,970		38,853,818
Building Products 1.56%
Masco Corp.		590,040		31,390,128
Capital Markets 7.03%
Ameriprise Financial, Inc.		128,930		45,140,971
Charles Schwab Corp. (The)		425,230		32,921,307
KKR & Co., Inc.		503,570		28,104,242
Morgan Stanley		364,070		35,434,933
Total				141,601,453
Chemicals 2.48%
Dow, Inc.		280,270		16,634,024
Valvoline, Inc.		908,345		33,299,928
Total				49,933,952

Investments	Shares		Fair Value
Construction & Engineering 2.59%
EMCOR Group, Inc.		227,720	$	33,759,490
Jacobs Solutions, Inc.		148,740		18,376,827
Total				52,136,317
Consumer Finance 1.57%
American Express Co.		180,240		31,529,383
Containers & Packaging 1.10%
Avery Dennison Corp.		116,530		22,075,443
Electric: Utilities 2.18%
FirstEnergy Corp.		463,580		18,983,601
NextEra Energy, Inc.		334,210		24,942,092
Total				43,925,693
Electronic Equipment, Instruments & Components 1.21%
Teledyne Technologies, Inc.*		57,690		24,475,559
Energy Equipment & Services 2.49%
Schlumberger Ltd.		880,791		50,187,471
Equity Real Estate Investment Trusts 2.52%
American Homes 4 Rent Class A		628,150		21,539,263
Prologis, Inc.		226,370		29,265,114
Total				50,804,377
Food & Staples Retailing 1.83%
BJ’s Wholesale Club Holdings, Inc.*		508,550		36,854,619
Health Care Providers & Services 5.53%
CVS Health Corp.		326,590		28,811,770
McKesson Corp.		84,320		31,930,298
UnitedHealth Group, Inc.		101,300		50,567,947
Total				111,310,015
Hotels, Restaurants & Leisure 1.48%
Caesars Entertainment, Inc.*		574,570		29,912,114

See Notes to Schedule of Investments. 9

Schedule of Investments (unaudited)(continued)

FUNDAMENTAL EQUITY FUND January 31, 2023

Investments	Shares		Fair Value
Household Products 0.91%
Procter & Gamble Co. (The)		129,290	$	18,408,310
Information Technology Services 3.24%
Fiserv, Inc.*		317,660		33,887,969
PayPal Holdings, Inc.*		384,280		31,314,977
Total				65,202,946
Insurance 6.51%
Allstate Corp. (The)		307,100		39,453,137
Arch Capital Group Ltd.*		426,260		27,429,831
Arthur J Gallagher & Co.		162,938		31,890,226
RenaissanceRe Holdings Ltd.		165,370		32,361,255
Total				131,134,449
Interactive Media & Services 1.98%
Alphabet, Inc. Class A*		403,300		39,862,172
Life Sciences Tools & Services 1.47%
Thermo Fisher Scientific, Inc.		51,910		29,605,830
Machinery 2.02%
Parker-Hannifin Corp.		124,780		40,678,280
Media 1.53%
Comcast Corp. Class A		780,920		30,729,202
Metals & Mining 1.55%
Alcoa Corp.		256,150		13,381,276
Reliance Steel & Aluminum Co.		78,260		17,800,237
Total				31,181,513
Multi-Line Retail 1.65%
Target Corp.		192,960		33,216,134
Oil, Gas & Consumable Fuels 6.15%
Chesapeake Energy Corp.		449,379		38,970,147
Pioneer Natural Resources Co.		168,960		38,919,936
Shell plc ADR		782,040		45,991,772
Total				123,881,855

Investments	Shares		Fair Value
Pharmaceuticals 5.63%
Eli Lilly & Co.		59,280	$	20,401,212
Organon & Co.		1,445,393		43,549,691
Pfizer, Inc.		1,116,930		49,323,629
Total				113,274,532
Road & Rail 1.52%
Norfolk Southern Corp.		124,190		30,527,144
Semiconductors & Semiconductor Equipment 3.53%
KLA Corp.		50,670		19,886,962
Micron Technology, Inc.		386,390		23,299,317
Texas Instruments, Inc.		157,910		27,983,231
Total				71,169,510
Software 3.33%
Adobe, Inc.*		89,500		33,145,430
Microsoft Corp.		136,590		33,848,368
Total				66,993,798
Specialty Retail 2.36%
AutoZone, Inc.*		8,770		21,388,715
Lowe’s Cos., Inc.		125,140		26,060,405
Total				47,449,120
Technology Hardware, Storage & Peripherals 1.49%
NetApp, Inc.		451,860		29,926,688
Trading Companies & Distributors 1.74%
AerCap Holdings NV (Ireland)*(b)		555,310		35,101,145
Wireless Telecommunication Services 1.59%
T-Mobile US, Inc.*		215,120		32,119,567
Total Common Stocks (cost $1,619,573,909)				1,985,672,996

10 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FUNDAMENTAL EQUITY FUND January 31, 2023

Investments	Principal Amount	Fair Value
SHORT-TERM INVESTMENTS 1.41%
Repurchase Agreements 1.41%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $28,636,900 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $28,913,442; proceeds: $28,348,098 (cost $28,346,483)	$28,346,483	$	28,346,483
Total Investments in Securities 100.03% (cost $1,647,920,392)			2,014,019,479
Other Assets and Liabilities – Net (0.03)%			(572,637	)
Net Assets 100.00%		$	2,013,446,842

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Investment in non-U.S. dollar denominated securities.
(b)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Beverages	$	–	$	30,968,926	$	–	$	30,968,926
Remaining Industries		1,954,704,070		–		–		1,954,704,070
Short-Term Investments
Repurchase Agreements		–		28,346,483		–		28,346,483
Total	$	1,954,704,070	$	59,315,409	$	–	$	2,014,019,479

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuer and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 11

Schedule of Investments (unaudited)

GLOBAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.79%
COMMON STOCKS 96.79%
Australia 2.80%
Equity Real Estate Investment Trusts 1.43%
Charter Hall Group		22,674	$	223,261
Metals & Mining 1.37%
BHP Group Ltd.		6,117		214,231
Total Australia				437,492
Austria 2.01%
Banks
BAWAG Group AG†*		5,063		313,627
Brazil 1.53%
Internet & Direct Marketing Retail
MercadoLibre, Inc.*		202		238,701
Canada 2.99%
Banks 1.38%
Royal Bank of Canada		2,095		214,389
Food & Staples Retailing 1.61%
Alimentation Couche-Tard, Inc.		5,510		251,616
Total Canada				466,005
China 5.19%
Beverages 0.68%
Kweichow Moutai Co. Ltd. Class A		387		106,104
Gas Utilities 0.59%
ENN Energy Holdings Ltd.		6,067		91,410
Interactive Media & Services 1.31%
Tencent Holdings Ltd.		4,199		204,612

Investments	Shares		U.S. $ Fair Value
China (continued)
Internet & Direct Marketing Retail 2.61%
Alibaba Group Holding Ltd.*		16,268	$	223,663
JD.com, Inc. Class A		3,700		109,866
Meituan Class B†*		346		7,735
Pinduoduo, Inc. ADR*		682		66,822
				408,086
Total China				810,212
Denmark 2.36%
Biotechnology 1.17%
Genmab A/S*		465		182,232
Pharmaceuticals 1.19%
Novo Nordisk A/S Class B		1,347		186,411
Total Denmark				368,643
France 5.16%
Beverages 1.01%
Pernod Ricard SA		762		157,757
Life Sciences Tools & Services 0.63%
Sartorius Stedim Biotech		282		98,370
Personal Products 0.77%
L’Oreal SA		292		120,570
Professional Services 0.53%
Teleperformance		295		82,006
Textiles, Apparel & Luxury Goods 2.22%
LVMH Moet Hennessy Louis Vuitton SE		396		345,698
Total France				804,401
Germany 1.13%
Semiconductors & Semiconductor Equipment
Infineon Technologies AG		4,885		175,911

12 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Hong Kong 0.75%
Insurance
AIA Group Ltd.		10,282	$	116,265
Japan 3.93%
Electrical Equipment 0.43%
Fuji Electric Co. Ltd.		1,673		67,720
Electronic Equipment, Instruments & Components 0.66%
Keyence Corp.		224		103,122
Household Durables 0.72%
Sony Group Corp.		1,251		111,779
Machinery 0.99%
Fujitec Co. Ltd.		6,238		154,560
Professional Services 1.13%
TechnoPro Holdings, Inc.		5,643		175,696
Total Japan				612,877
Mexico 1.83%
Banks
Grupo Financiero Banorte
SAB de CV Class O		34,375		285,124
Netherlands 3.69%
Oil, Gas & Consumable Fuels 3.01%
Shell plc		15,998		469,665
Semiconductors & Semiconductor Equipment 0.68%
ASML Holding NV		160		105,864
Total Netherlands				575,529
Peru 0.92%
Banks
Intercorp Financial Services, Inc.		5,980		143,460

Investments	Shares		U.S. $ Fair Value
South Korea 1.10%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		3,452	$	171,945
Spain 1.83%
Electric: Utilities
Iberdrola SA		23,972		281,234
Iberdrola SA*		400		4,667
				285,901
Sweden 0.27%
Electronic Equipment, Instruments & Components
Hexagon AB Class B		3,692		42,323
Taiwan 1.22%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd.		10,812		190,797
United Kingdom 5.66%
Capital Markets 0.56%
London Stock Exchange Group plc		956		87,517
Household Durables 0.25%
Persimmon plc		2,222		38,808
Multi-Line Retail 0.95%
Next plc		1,803		147,619
Personal Products 1.82%
Unilever plc		5,585		284,271
Tobacco 0.98%
Imperial Brands plc		6,094		152,875
Trading Companies & Distributors 1.10%
Ashtead Group plc		2,618		172,445
Total United Kingdom				883,535

See Notes to Schedule of Investments. 13

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
United States 52.42%
Aerospace & Defense 1.23%
Northrop Grumman Corp.		219	$	98,121
TransDigm Group, Inc.		130		93,307
				191,428
Air Freight & Logistics 0.49%
Expeditors International of Washington, Inc.		708		76,570
Automobiles 0.71%
General Motors Co.		2,833		111,394
Banks 1.56%
JPMorgan Chase & Co.		1,742		243,810
Biotechnology 1.93%
Vertex Pharmaceuticals, Inc.*		934		301,775
Capital Markets 5.68%
Ameriprise Financial, Inc.		925		323,861
Cboe Global Markets, Inc.		2,170		266,649
Evercore, Inc. Class A		733		95,151
Morgan Stanley		2,066		201,084
				886,745
Containers & Packaging 1.23%
Avery Dennison Corp.		1,013		191,903
Electric: Utilities 1.03%
NextEra Energy, Inc.		2,155		160,828
Electrical Equipment 0.86%
AMETEK, Inc.		930		134,776
Entertainment 0.62%
Live Nation Entertainment, Inc.*		678		54,572
Netflix, Inc.*		118		41,756
				96,328

Investments	Shares		U.S. $ Fair Value
United States (continued)
Equity Real Estate Investment Trusts 0.91%
Prologis, Inc.		1,094	$	141,432
Food & Staples Retailing 0.41%
BJ’s Wholesale Club Holdings, Inc.*		888		64,353
Health Care Equipment & Supplies 1.53%
DexCom, Inc.*		1,301		139,324
Intuitive Surgical, Inc.*		404		99,259
				238,583
Health Care Providers & Services 3.01%
UnitedHealth Group, Inc.		941		469,738
Information Technology Services 3.67%
Accenture plc Class A		646		180,266
EPAM Systems, Inc.*		313		104,119
Visa, Inc. Class A		1,251		287,993
				572,378
Insurance 1.25%
Allstate Corp. (The)		950		122,047
American Financial Group, Inc./OH		509		72,578
				194,625
Interactive Media & Services 2.64%
Alphabet, Inc. Class A*		4,165		411,669
Internet & Direct Marketing Retail 1.65%
Amazon.com, Inc.*		2,499		257,722
Life Sciences Tools & Services 1.23%
Thermo Fisher Scientific, Inc.		336		191,631
Machinery 2.00%
Crane Holdings Co.		2,029		235,181
Parker-Hannifin Corp.		234		76,284
				311,465

14 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
United States (continued)
Oil, Gas & Consumable Fuels 3.37%
Cheniere Energy, Inc.		577	$	88,160
Chesapeake Energy Corp.		983		85,246
Marathon Petroleum Corp.		2,741		352,273
				525,679
Pharmaceuticals 2.28%
Eli Lilly & Co.		388		133,530
Organon & Co.		7,358		221,697
				355,227
Road & Rail 1.11%
Norfolk Southern Corp.		705		173,296
Semiconductors & Semiconductor Equipment 0.57%
KLA Corp.		163		63,974
NVIDIA Corp.		129		25,203
				89,177
Software 6.03%
Adobe, Inc.*		352		130,360
Cadence Design Systems, Inc.*		862		157,599
Microsoft Corp.		2,092		518,419
PowerSchool Holdings, Inc. Class A*		5,935		133,656
				940,034
Specialty Retail 1.84%
Academy Sports & Outdoors, Inc.		2,331		136,177
Lowe’s Cos., Inc.		722		150,356
				286,533
Technology Hardware, Storage & Peripherals 2.98%
Apple, Inc.		3,225		465,335
Textiles, Apparel & Luxury Goods 0.60%
NIKE, Inc. Class B		730		92,951
Total United States				8,177,385
Total Common Stocks (cost $14,011,020)				15,100,133

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 2.78%
Repurchase Agreements 2.78%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $456,800 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $442,374; proceeds: $433,660 (cost $433,636)	$	433,636	$	433,636
Total Investments in Securities 99.57% (cost $14,444,656)				15,533,769
Other Assets and Liabilities – Net 0.43%				67,071
Net Assets 100.00%			$	15,600,840

ADR	American Depositary Receipt.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $321,362, which represents 2.06% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 15

Schedule of Investments (unaudited)(concluded)

GLOBAL EQUITY FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Australia	$	–	$	437,492	$	–	$	437,492
Austria		–		313,627		–		313,627
China		66,822		743,390		–		810,212
Denmark		–		368,643		–		368,643
France		–		804,401		–		804,401
Germany		–		175,911		–		175,911
Hong Kong		–		116,265		–		116,265
Japan		–		612,877		–		612,877
Netherlands		–		575,529		–		575,529
South Korea		–		171,945		–		171,945
Spain		–		285,901		–		285,901
Sweden		–		42,323		–		42,323
Taiwan		–		190,797		–		190,797
United Kingdom		–		883,535		–		883,535
Remaining Countries		9,310,675		–		–		9,310,675
Short-Term Investments
Repurchase Agreements		–		433,636		–		433,636
Total	$	9,377,497	$	6,156,272	$	–	$	15,533,769

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuer and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

16 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

GROWTH LEADERS FUND January 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.12%
COMMON STOCKS 98.12%
Aerospace & Defense 2.75%
Axon Enterprise, Inc.*		295,840	$	57,818,970
Raytheon Technologies Corp.		847,173		84,590,224
Total				142,409,194
Automobiles 1.08%
Tesla, Inc.*		324,149		56,149,090
Biotechnology 8.77%
Alnylam Pharmaceuticals, Inc.*		297,405		67,332,492
Argenx SE ADR*		113,399		43,346,768
Biogen, Inc.*		230,478		67,046,050
Cytokinetics, Inc.*		1,362,113		57,862,560
Karuna Therapeutics, Inc.*		233,582		46,573,915
Sarepta Therapeutics, Inc.*		440,258		55,019,042
Vertex Pharmaceuticals, Inc.*		362,038		116,974,478
Total				454,155,305
Building Products 1.24%
Johnson Controls
International plc		922,075		64,148,758
Capital Markets 1.81%
MarketAxess Holdings, Inc.		140,657		51,178,050
MSCI, Inc.		80,297		42,682,673
Total				93,860,723
Communications Equipment 1.96%
Arista Networks, Inc.*		639,398		80,576,936
Calix, Inc.*		394,937		20,789,484
Total				101,366,420

Investments	Shares		Fair Value
Electrical Equipment 2.13%
AMETEK, Inc.		401,468	$	58,180,743
Rockwell Automation, Inc.		184,310		51,980,949
Total				110,161,692
Health Care Equipment & Supplies 5.05%
Axonics, Inc.*		621,532		38,162,065
DexCom, Inc.*		581,475		62,270,158
Inspire Medical Systems, Inc.*		156,433		39,586,935
Insulet Corp.*		272,349		78,251,314
Intuitive Surgical, Inc.*		99,578		24,465,319
TransMedics Group, Inc.*		300,143		18,915,012
Total				261,650,803
Hotels, Restaurants & Leisure 5.76%
Booking Holdings, Inc.*		32,054		78,022,641
Chipotle Mexican Grill, Inc.*		52,897		87,088,563
Marriott International, Inc. Class A		329,626		57,414,257
Starbucks Corp.		696,812		76,050,062
Total				298,575,523
Information Technology Services 12.14%
Block, Inc.*		845,809		69,119,512
Cloudflare, Inc. Class A*		664,351		35,150,811
Mastercard, Inc. Class A		444,065		164,570,489
Shopify, Inc. Class A (Canada)*(a)		2,308,310		113,730,434
Snowflake, Inc. Class A*		365,860		57,235,138
Toast, Inc. Class A*		3,184,199		71,039,480
Visa, Inc. Class A		513,539		118,221,813
Total				629,067,677
Interactive Media & Services 3.15%
Alphabet, Inc. Class A*		1,652,794		163,362,159
Internet & Catalog Retail 0.92%
Alibaba Group Holding Ltd. ADR*		430,882		47,483,196

See Notes to Schedule of Investments. 17

Schedule of Investments (unaudited)(continued)

GROWTH LEADERS FUND January 31, 2023

Investments	Shares		Fair Value
Internet & Direct Marketing Retail 7.87%
Amazon.com, Inc.*		428,065	$	44,146,344
Etsy, Inc.*		356,035		48,983,295
JD.com, Inc. ADR		734,130		43,702,759
MercadoLibre, Inc. (Uruguay)*(a)		82,049		96,956,483
Netflix, Inc.*		298,497		105,626,148
Pinduoduo, Inc. ADR*		697,859		68,376,225
Total				407,791,254
Life Sciences Tools & Services 1.45%
Mettler-Toledo International, Inc.*		32,593		49,962,462
Repligen Corp.*		134,561		24,934,153
Total				74,896,615
Machinery 4.33%
Caterpillar, Inc.		196,444		49,560,857
Deere & Co.		246,683		104,307,439
Parker-Hannifin Corp.		215,893		70,381,118
Total				224,249,414
Pharmaceuticals 1.98%
Eli Lilly & Co.		149,282		51,375,400
Novo Nordisk A/S ADR		367,249		50,966,816
Total				102,342,216
Professional Services 1.38%
CoStar Group, Inc.*		914,783		71,261,596
Semiconductors & Semiconductor Equipment 11.18%
Advanced Micro Devices, Inc.*		750,480		56,398,572
Applied Materials, Inc.		454,713		50,695,952
First Solar, Inc.*		322,745		57,319,512
KLA Corp.		184,451		72,393,328
Lattice Semiconductor Corp.*		1,127,163		85,427,684
Monolithic Power Systems, Inc.		135,612		57,846,655

Investments	Shares		Fair Value
Semiconductors & Semiconductor Equipment (continued)
NVIDIA Corp.		733,402	$	143,284,749
ON Semiconductor Corp.*		761,298		55,917,338
Total				579,283,790
Software 10.78%
Bill.com Holdings, Inc.*		350,269		40,498,102
Cadence Design Systems, Inc.*		321,846		58,843,104
Clear Secure, Inc. Class A		2,528,082		79,356,494
HubSpot, Inc.*		72,584		25,187,374
Intuit, Inc.		70,260		29,696,794
Microsoft Corp.		742,825		184,079,463
Paylocity Holding Corp.*		130,838		27,252,247
ServiceNow, Inc.*		168,284		76,591,097
Trade Desk, Inc. (The) Class A*		730,003		37,011,152
Total				558,515,827
Specialty Retail 1.24%
Ulta Beauty, Inc.*		125,450		64,476,282
Technology Hardware, Storage & Peripherals 6.30%
Apple, Inc.		2,260,602		326,182,262
Textiles, Apparel & Luxury Goods 4.85%
Crocs, Inc.*		605,307		73,708,234
Deckers Outdoor Corp.*		180,936		77,346,521
NIKE, Inc. Class B		788,097		100,348,391
Total				251,403,146
Total Common Stocks (cost $5,012,664,256)				5,082,792,942

18 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

GROWTH LEADERS FUND January 31, 2023

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.33%
Repurchase Agreements 1.33%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $75,061,600 of U.S. Treasury Note at 0.750% due 11/15/2024; value: $70,507,560; proceeds: $69,128,964 (cost $69,125,028)	$	69,125,028	$	69,125,028
Total Investments in Securities 99.45% (cost $5,081,789,284)				5,151,917,970
Other Assets and Liabilities – Net 0.55%				28,389,470
Net Assets 100.00%			$	5,180,307,440

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	5,082,792,942	$	–	$	–	$	5,082,792,942
Short-Term Investments
Repurchase Agreements		–		69,125,028		–		69,125,028
Total	$	5,082,792,942	$	69,125,028	$	–	$	5,151,917,970

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 19

Schedule of Investments (unaudited)

HEALTH CARE FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.99%
COMMON STOCKS 96.99%
Canada 2.60%
Biotechnology
BELLUS Health, Inc.*		7,372	$	57,944
Xenon Pharmaceuticals, Inc.*		3,201		125,127
				183,071
China 0.47%
Life Sciences Tools & Services
Wuxi Biologics Cayman, Inc.†*		3,975		33,193
Denmark 5.58%
Biotechnology 1.01%
Genmab A/S*		181		70,933
Pharmaceuticals 4.57%
Novo Nordisk A/S Class B		2,328		322,172
Total Denmark				393,105
France 0.51%
Life Sciences Tools & Services
Sartorius Stedim Biotech		103		35,929
Germany 0.98%
Pharmaceuticals
Merck KGaA		332		69,298
Japan 3.38%
Pharmaceuticals
Daiichi Sankyo Co. Ltd.		3,727		117,054
Gap, Inc.		1,950		120,646
				237,700

Investments	Shares		U.S. $ Fair Value
Netherlands 2.17%
Biotechnology
Argenx SE*		306	$	116,551
uniQure NV*		1,700		36,125
				152,676
Sweden 0.82%
Life Sciences Tools & Services
Olink Holding AB ADR*(a)		2,961		57,976
Switzerland 2.76%
Health Care Equipment & Supplies 1.06%
Alcon, Inc.		996		74,909
Life Sciences Tools & Services 1.70%
Bachem Holding AG		380		33,605
Lonza Group AG Registered Shares		151		86,137
				119,742
Total Switzerland				194,651
United Kingdom 3.63%
Pharmaceuticals
AstraZeneca plc		1,951		255,605
United States 74.09%
Biotechnology 21.68%
Alnylam Pharmaceuticals, Inc.*		307		69,505
Apellis Pharmaceuticals, Inc.*		1,540		81,204
Arcellx, Inc.*		2,554		85,329
BeiGene Ltd.*		1,650		32,432
Biogen, Inc.*		366		106,469
Cerevel Therapeutics Holdings, Inc.*		1,818		62,085
Cytokinetics, Inc.*		1,970		83,686
Day One Biopharmaceuticals, Inc.*(a)		3,163		68,880
Gilead Sciences, Inc.		400		33,576

20 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
United States (continued)
Biotechnology (continued)
Insmed, Inc.*		2,540	$	54,686
Karuna Therapeutics, Inc.*		567		113,054
Krystal Biotech, Inc.*		1,235		102,653
Legend Biotech Corp. ADR*		770		38,885
Madrigal Pharmaceuticals, Inc.*		86		24,790
Natera, Inc.*		1,258		54,006
Neurocrine Biosciences, Inc.*		598		66,336
Regeneron Pharmaceuticals, Inc.*		134		101,635
Rocket Pharmaceuticals, Inc.*		2,303		50,044
Sarepta Therapeutics, Inc.*		819		102,350
Vertex Pharmaceuticals, Inc.*		606		195,799
				1,527,404
Health Care Equipment & Supplies 18.81%
Abbott Laboratories		1,015		112,208
Axonics, Inc.*		1,031		63,303
Cooper Cos., Inc. (The)		282		98,398
DexCom, Inc.*		1,127		120,690
Glaukos Corp.*		900		44,145
IDEXX Laboratories, Inc.*		147		70,634
Inspire Medical Systems, Inc.*		361		91,355
Insulet Corp.*		372		106,883
Intuitive Surgical, Inc.*		575		141,272
iRhythm Technologies, Inc.*		365		35,880
Lantheus Holdings, Inc.*		960		55,200
Penumbra, Inc.*		209		52,336
PROCEPT BioRobotics Corp.*		1,576		61,291
Shockwave Medical, Inc.*		183		34,391
Silk Road Medical, Inc.*		1,076		58,491
Stryker Corp.		315		79,950
TransMedics Group, Inc.*		1,570		98,941
				1,325,368

Investments	Shares		U.S. $ Fair Value
United States (continued)
Health Care Providers & Services 9.59%
AmerisourceBergen Corp.		645	$	108,979
Elevance Health, Inc.		137		68,499
Humana, Inc.		281		143,788
Molina Healthcare, Inc.*		209		65,172
R1 RCM, Inc.*		2,686		38,437
UnitedHealth Group, Inc.		502		250,593
				675,468
Life Sciences Tools & Services 9.74%
10X Genomics, Inc. Class A*		813		38,073
Agilent Technologies, Inc.		517		78,625
Danaher Corp.		680		179,779
Mettler-Toledo International, Inc.*		34		52,119
Pacific Biosciences of California, Inc.*		6,168		68,403
Repligen Corp.*		480		88,944
Thermo Fisher Scientific, Inc.		144		82,128
Waters Corp.*		147		48,301
West Pharmaceutical Services, Inc.		188		49,933
				686,305
Pharmaceuticals 14.27%
Eli Lilly & Co.		806		277,385
Esperion Therapeutics, Inc.*		8,000		50,880
Intra-Cellular Therapies, Inc.*		1,572		75,330
Merck & Co., Inc.		2,923		313,959
Organon & Co.		1,221		36,789
Pliant Therapeutics, Inc.*		2,829		99,128
Ventyx Biosciences, Inc.*		3,615		151,830
				1,005,301
Total United States				5,219,846
Total Common Stocks (cost $5,958,920)				6,833,050

See Notes to Schedule of Investments. 21

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND January 31, 2023

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 3.77%
Repurchase agreements 3.16%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $234,900 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $227,482; proceeds: $222,945 (cost $222,932)	$	222,932	$	222,932

Investments	Shares		U.S. $ Fair Value
Money Market Funds 0.55%
Fidelity Government Portfolio(b) (cost $38,752)		38,752	$	38,752
Time Deposits 0.06%
CitiBank N.A.(b) (cost $4,306)		4,306		4,306
Total Short-Term Investments (cost $265,990)				265,990
Total Investments in Securities 100.76% (cost $6,224,910)				7,099,040
Other Assets and Liabilities – Net (0.76)%				(53,654	)
Net Assets 100.00%			$	7,045,386

ADR	American Depositary Receipt.
*	Non-income producing security.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $33,193, which represents 0.47% of net assets.
(a)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(b)	Security was purchased with the cash collateral from loaned securities.

22 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

HEALTH CARE FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
China	$	–	$	33,193	$	–	$	33,193
Denmark		–		393,105		–		393,105
France		–		35,929		–		35,929
Germany		–		69,298		–		69,298
Japan		–		237,700		–		237,700
Netherlands		36,125		116,551		–		152,676
Switzerland		74,909		119,742		–		194,651
United Kingdom		–		255,605		–		255,605
United States		5,187,414		32,432		–		5,219,846
Remaining Countries		241,047		–		–		241,047
Short-Term Investments
Repurchase Agreements		–		222,932		–		222,932
Money Market Funds		38,752		–		–		38,752
Time Deposits		–		4,306		–		4,306
Total	$	5,578,247	$	1,520,793	$	–	$	7,099,040

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 23

Schedule of Investments (unaudited)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.48%
COMMON STOCKS 97.48%
Australia 2.10%
Metals & Mining
BHP Group Ltd.		196,312	$	6,875,265
Austria 1.62%
Banks
BAWAG Group AG†*		49,108		3,041,986
Erste Group Bank AG		59,647		2,263,254
				5,305,240
Belgium 0.53%
Equity Real Estate Investment Trusts
Warehouses De Pauw CVA		54,350		1,723,541
Brazil 1.46%
Insurance 0.87%
BB Seguridade Participacoes SA		385,100		2,866,079
Internet & Direct Marketing Retail 0.59%
MercadoLibre, Inc.*		1,624		1,919,065
Total Brazil				4,785,144
Canada 2.79%
Information Technology Services 0.52%
Shopify, Inc. Class A*		34,432		1,696,465
Oil, Gas & Consumable Fuels 1.51%
Cenovus Energy, Inc.		128,500		2,567,006
Pembina Pipeline Corp.		67,819		2,406,324
				4,973,330
Transportation Infrastructure 0.76%
Canadian Pacific Railway Ltd.		31,500		2,486,288
Total Canada				9,156,083

Investments	Shares		U.S. $ Fair Value
China 8.38%
Automobiles 0.58%
BYD Co. Ltd. Class H		60,500	$	1,915,886
Beverages 1.28%
China Resources Beer Holdings Co. Ltd.		230,000		1,731,504
Kweichow Moutai Co. Ltd. Class A		9,000		2,467,529
				4,199,033
Building Products 0.49%
Xinyi Glass Holdings Ltd.		761,000		1,620,266
Electrical Equipment 0.51%
Contemporary Amperex Technology Co. Ltd. Class A		24,100		1,671,710
Hotels, Restaurants & Leisure 0.59%
Yum China Holdings, Inc.		31,650		1,917,609
Insurance 0.83%
Ping An Insurance Group Co. of China Ltd. Class H		350,000		2,718,696
Interactive Media & Services 1.29%
Tencent Holdings Ltd.		87,000		4,239,415
Internet & Direct Marketing Retail 2.81%
Alibaba Group Holding Ltd.*		404,600		5,562,708
JD.com, Inc. Class A		116,526		3,460,047
Meituan Class B†*		8,770		196,061
				9,218,816
Total China				27,501,431
Denmark 3.84%
Air Freight & Logistics 0.77%
DSV AS		15,247		2,522,312

24 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Denmark (continued)
Biotechnology 0.65%
Genmab A/S*		5,455	$	2,137,795
Pharmaceuticals 2.42%
Novo Nordisk A/S Class B		57,302		7,930,010
Total Denmark				12,590,117
Finland 1.91%
Banks 1.17%
Nordea Bank Abp		328,994		3,846,066
Machinery 0.74%
Kone Oyj Class B		44,625		2,433,673
Total Finland				6,279,739
France 14.97%
Aerospace & Defense 0.80%
Airbus SE		21,044		2,638,199
Banks 0.52%
BNP Paribas SA		24,796		1,703,036
Beverages 0.99%
Pernod Ricard SA		15,715		3,253,476
Building Products 0.93%
Cie de Saint-Gobain		52,903		3,038,281
Chemicals 0.97%
Air Liquide SA		20,096		3,199,809
Hotels, Restaurants & Leisure 0.73%
Accor SA*		73,666		2,391,049
Information Technology Services 0.55%
Capgemini SE		9,445		1,792,525
Insurance 1.18%
AXA SA		124,531		3,885,245

Investments	Shares		U.S. $ Fair Value
France (continued)
Life Sciences Tools & Services 0.73%
Sartorius Stedim Biotech		6,905	$	2,408,659
Oil, Gas & Consumable Fuels 1.58%
TotalEnergies SE		83,848		5,183,547
Personal Products 1.65%
L’Oreal SA		13,095		5,407,077
Professional Services 0.76%
Teleperformance		8,914		2,477,974
Textiles, Apparel & Luxury Goods 3.58%
Hermes International		1,874		3,507,208
LVMH Moet Hennessy Louis Vuitton SE		9,424		8,226,922
				11,734,130
Total France				49,113,007
Germany 4.93%
Chemicals 0.51%
Covestro AG†		36,039		1,659,398
Diversified Telecommunication Services 0.82%
Deutsche Telekom AG		119,940		2,672,119
Insurance 1.21%
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		10,994		3,971,113
Pharmaceuticals 1.10%
Bayer AG Registered Shares		26,418		1,644,387
Merck KGaA		9,469		1,976,447
				3,620,834

See Notes to Schedule of Investments. 25

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Germany (continued)
Semiconductors & Semiconductor Equipment 1.29%
Aixtron SE		47,063	$	1,402,267
Infineon Technologies AG		78,805		2,837,804
				4,240,071
Total Germany				16,163,535
Hong Kong 2.67%
Insurance 2.18%
AIA Group Ltd.		413,482		4,675,507
Prudential plc		149,473		2,483,502
				7,159,009
Machinery 0.49%
Techtronic Industries Co. Ltd.		125,000		1,611,473
Total Hong Kong				8,770,482
India 4.16%
Automobiles 0.50%
Maruti Suzuki India Ltd.		15,200		1,656,978
Banks 1.75%
Axis Bank Ltd.		175,064		1,871,036
Federal Bank Ltd.		984,362		1,624,320
ICICI Bank Ltd. ADR		107,394		2,237,017
				5,732,373
Oil, Gas & Consumable Fuels 0.56%
Reliance Industries Ltd.		63,986		1,845,829
Personal Products 0.74%
Hindustan Unilever Ltd.		76,883		2,425,687
Wireless Telecommunication Services 0.61%
Bharti Airtel Ltd.		211,458		1,992,507
Total India				13,653,374

Investments	Shares		U.S. $ Fair Value
Indonesia 1.36%
Banks 0.76%
Bank Negara Indonesia Persero Tbk PT		4,055,800	$	2,486,168
Diversified Telecommunication Services 0.60%
Telkom Indonesia Persero Tbk PT ADR		76,431		1,988,735
Total Indonesia				4,474,903
Ireland 2.15%
Banks 1.08%
Bank of Ireland Group plc		330,613		3,532,218
Construction Materials 1.07%
CRH plc		75,122		3,506,650
Total Ireland				7,038,868
Italy 1.20%
Diversified Financial Services 0.54%
Banca Mediolanum SpA		185,682		1,776,496
Electric: Utilities 0.66%
Enel SpA		364,857		2,148,322
Total Italy				3,924,818
Japan 14.72%
Automobiles 1.37%
Toyota Motor Corp.		304,800		4,476,205
Banks 2.40%
Resona Holdings, Inc.		536,700		2,969,949
Sumitomo Mitsui Financial Group, Inc.		112,700		4,898,062
				7,868,011
Electrical Equipment 0.72%
Fuji Electric Co. Ltd.		58,400		2,363,914

26 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Electronic Equipment, Instruments & Components 1.27%
Keyence Corp.		9,060	$	4,170,941
Health Care Equipment & Supplies 0.94%
Hoya Corp.		28,100		3,090,211
Household Durables 1.40%
Sony Group Corp.		51,500		4,601,604
Industrial Conglomerates 0.81%
Hitachi Ltd.		50,500		2,648,344
Information Technology Services 0.69%
Obic Co. Ltd.		14,000		2,244,573
Insurance 0.81%
Tokio Marine Holdings, Inc.		127,400		2,668,355
Personal Products 0.59%
Shiseido Co. Ltd.		37,400		1,943,902
Pharmaceuticals 1.61%
Daiichi Sankyo Co. Ltd.		122,900		3,859,912
Gap, Inc.		23,100		1,429,196
				5,289,108
Professional Services 0.87%
TechnoPro Holdings, Inc.		91,900		2,861,322
Trading Companies & Distributors 1.24%
ITOCHU Corp.		125,800		4,066,085
Total Japan				48,292,575
Mexico 0.80%
Banks
Grupo Financiero Banorte SAB de CV Class O		315,717		2,618,722

Investments	Shares		U.S. $ Fair Value
Netherlands 4.14%
Oil, Gas & Consumable Fuels 2.15%
Shell plc		240,531	$	7,061,451
Semiconductors & Semiconductor Equipment 1.99%
ASML Holding NV		9,849		6,516,567
Total Netherlands				13,578,018
Norway 0.49%
Oil, Gas & Consumable Fuels
Equinor ASA		52,928		1,613,068
Peru 0.64%
Banks
Credicorp Ltd.		15,741		2,114,016
Singapore 0.71%
Semiconductors & Semiconductor Equipment
STMicroelectronics NV		49,606		2,335,863
South Africa 1.39%
Metals & Mining
Anglo American plc		105,774		4,562,072
South Korea 0.99%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		64,911		3,233,232
Spain 2.12%
Banks 1.23%
CaixaBank SA		910,002		4,037,642
Electric: Utilities 0.01%
Iberdrola SA*		3,971		46,385
Textiles, Apparel & Luxury Goods 0.88%
Industria de Diseno Textil SA		92,208		2,878,808
Total Spain				6,962,835

See Notes to Schedule of Investments. 27

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Sweden 2.45%
Auto Components 0.60%
Autoliv, Inc. SDR		21,645	$	1,990,906
Machinery 1.85%
Atlas Copco AB Class A		250,858		2,976,696
Sandvik AB		149,357		3,086,856
				6,063,552
Total Sweden				8,054,458
Switzerland 3.05%
Capital Markets 0.96%
UBS Group AG Registered Shares		148,295		3,165,412
Health Care Equipment & Supplies 0.90%
Alcon, Inc.		38,909		2,936,015
Textiles, Apparel & Luxury Goods 1.19%
Cie Financiere Richemont SA Class A		25,384		3,913,127
Total Switzerland				10,014,554
Taiwan 2.99%
Electrical Equipment 0.34%
Voltronic Power Technology Corp.		22,000		1,113,293
Electronic Equipment, Instruments & Components 0.52%
Delta Electronics, Inc.		175,000		1,697,056
Semiconductors & Semiconductor Equipment 2.13%
Taiwan Semiconductor Manufacturing Co. Ltd.		397,230		7,009,831
Total Taiwan				9,820,180

Investments	Shares		U.S. $ Fair Value
United Kingdom 6.27%
Banks 0.88%
NatWest Group plc		760,000	$	2,899,443
Commercial Services & Supplies 0.65%
Rentokil Initial plc		348,894		2,115,494
Electric: Utilities 0.67%
SSE plc		102,876		2,195,854
Personal Products 1.00%
Unilever plc		64,248		3,270,162
Pharmaceuticals 1.56%
AstraZeneca plc		39,154		5,129,662
Tobacco 0.49%
Imperial Brands plc		64,529		1,618,789
Trading Companies & Distributors 1.02%
Ashtead Group plc		50,995		3,358,978
Total United Kingdom				20,588,382
United States 2.65%
Electrical Equipment 1.67%
Schneider Electric SE		33,793		5,481,750
Food Products 0.98%
Nestle SA Registered Shares		26,435		3,225,309
Total United States				8,707,059
Total Common Stocks (cost $280,778,288)				319,850,581

28 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2023

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 0.96%
Repurchase Agreements 0.96%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $3,320,700 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $3,215,829; proceeds: $3,152,926 (cost $3,152,746)	$	3,152,746	$	3,152,746
Total Investments in Securities 98.44% (cost $283,931,034)				323,003,327
Other Assets and Liabilities – Net 1.56%				5,131,740
Net Assets 100.00%			$	328,135,067

ADR	American Depositary Receipt.
SDR	Swedish Depository Receipt.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $4,897,445, which represents 1.49% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 29

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL EQUITY FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	4,785,144	$	–	$	–	$	4,785,144
Canada		9,156,083		–		–		9,156,083
India		2,237,017		11,416,357		–		13,653,374
Indonesia		1,988,735		2,486,168		–		4,474,903
Mexico		2,618,722		–		–		2,618,722
Peru		2,114,016		–		–		2,114,016
Remaining Countries		–		283,048,339		–		283,048,339
Short-Term Investments
Repurchase Agreements		–		3,152,746		–		3,152,746
Total	$	22,899,717	$	300,103,610	$	–	$	323,003,327

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

30 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.60%
COMMON STOCKS 97.60%
Australia 2.30%
Auto Components 1.07%
GUD Holdings Ltd.		616,724	$	3,663,688
Professional Services 1.23%
IPH Ltd.		691,138		4,180,382
Total Australia				7,844,070
Austria 3.53%
Banks 1.21%
BAWAG Group AG†*		66,863		4,141,817
Machinery 2.32%
ANDRITZ AG		131,969		7,891,945
Total Austria				12,033,762
Canada 8.80%
Capital Markets 1.18%
CI Financial Corp.		336,900		4,018,340
Gas Utilities 2.46%
Brookfield Infrastructure Corp. Class A		189,800		8,383,410
Metals & Mining 1.90%
Capstone Copper Corp.*		1,320,500		6,480,677
Oil, Gas & Consumable Fuels 1.56%
MEG Energy Corp.*		321,400		5,311,778
Paper & Forest Products 0.87%
Interfor Corp.*		148,100		2,961,889
Real Estate Management & Development 0.83%
Tricon Residential, Inc.		325,500		2,825,542
Total Canada				29,981,636

Investments	Shares		U.S. $ Fair Value
Egypt 1.01%
Oil, Gas & Consumable Fuels
Energean plc		239,685	$	3,442,523
France 4.25%
Construction Materials 0.86%
Vicat SA		104,455		2,916,758
Oil, Gas & Consumable Fuels 1.17%
Gaztransport Et Technigaz SA		36,003		3,980,354
Personal Products 1.14%
Interparfums SA		59,337		3,884,218
Software 1.08%
Esker SA		10,875		1,815,773
Ubisoft Entertainment SA*		90,990		1,884,089
				3,699,862
Total France				14,481,192
Germany 8.00%
Aerospace & Defense 2.23%
Montana Aerospace AG†*		152,962		2,799,510
Rheinmetall AG		20,495		4,788,812
				7,588,322
Life Sciences Tools & Services 1.64%
Gerresheimer AG		75,511		5,584,347
Media 1.23%
Stroeer SE & Co. KGaA		76,136		4,174,606
Semiconductors & Semiconductor Equipment 1.32%
Aixtron SE		150,949		4,497,607

See Notes to Schedule of Investments. 31

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Germany (continued)
Specialty Retail 0.34%
MYT Netherlands Parent BV ADR*(a)		100,244	$	1,168,845
Wireless Telecommunication Services 1.24%
Freenet AG		174,319		4,237,564
Total Germany				27,251,291
Hong Kong 1.21%
Hotels, Restaurants & Leisure 1.01%
Melco International Development Ltd.*		2,649,000		3,447,405
Textiles, Apparel & Luxury Goods 0.20%
Stella International Holdings Ltd.		654,432		660,178
Total Hong Kong				4,107,583
Iceland 1.08%
Machinery
Marel HF†		948,142		3,669,551
India 3.29%
Banks 0.96%
Federal Bank Ltd.		1,989,616		3,283,116
Capital Markets 0.88%
UTI Asset Management Co. Ltd.		328,332		2,994,517
Information Technology Services 0.50%
CMS Info Systems Ltd.		448,550		1,694,483
Real Estate Management & Development 0.95%
Phoenix Mills Ltd. (The)		193,809		3,249,232
Total India				11,221,348

Investments	Shares		U.S. $ Fair Value
Indonesia 1.73%
Banks 0.53%
Bank Tabungan Negara Persero Tbk PT		19,974,700	$	1,817,092
Real Estate Management & Development 1.20%
Pakuwon Jati Tbk PT		136,152,200		4,072,380
Total Indonesia				5,889,472
Israel 0.62%
Capital Markets
Tel Aviv Stock Exchange Ltd.		348,426		2,104,783
Italy 5.78%
Auto Components 1.18%
Brembo SpA		298,086		4,024,193
Construction Materials 0.47%
Buzzi Unicem SpA		70,850		1,595,412
Diversified Financial Services 1.28%
Banca Mediolanum SpA		458,090		4,382,736
Textiles, Apparel & Luxury Goods 2.85%
Brunello Cucinelli SpA		58,839		4,900,732
Salvatore Ferragamo SpA		242,181		4,806,185
				9,706,917
Total Italy				19,709,258
Japan 22.26%
Banks 2.06%
Resona Holdings, Inc.		679,600		3,760,719
Shizuoka Financial Group, Inc.		386,400		3,273,439
				7,034,158

32 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Beverages 0.90%
Coca-Cola Bottlers Japan Holdings, Inc.		291,500	$	3,069,164
Building Products 1.11%
Sanwa Holdings Corp.		355,600		3,764,529
Chemicals 2.18%
Aica Kogyo Co. Ltd.		141,300		3,417,063
Kansai Paint Co. Ltd.		284,900		4,012,281
				7,429,344
Construction & Engineering 0.96%
SHO-BOND Holdings Co. Ltd.		76,800		3,276,758
Distributors 1.55%
PALTAC Corp.		146,300		5,297,093
Food Products 1.23%
Nichirei Corp.		199,500		4,174,623
Hotels, Restaurants & Leisure 0.82%
Saizeriya Co. Ltd.		112,600		2,791,239
Information Technology Services 3.70%
NS Solutions Corp.		150,400		3,871,072
Simplex Holdings, Inc.		230,300		4,045,696
TIS, Inc.		60,800		1,753,189
Zuken, Inc.		120,800		2,948,002
				12,617,959
Machinery 3.16%
DMG Mori Co. Ltd.		275,200		4,203,466
Fujitec Co. Ltd.		76,300		1,890,499
OSG Corp.		297,300		4,666,093
				10,760,058
Professional Services 1.08%
TechnoPro Holdings, Inc.		118,200		3,680,177

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Software 1.83%
Money Forward, Inc.*		78,800	$	2,922,176
OBIC Business Consultants Co. Ltd.		83,900		3,294,946
				6,217,122
Wireless Telecommunication Services 1.68%
Okinawa Cellular Telephone Co.		237,200		5,739,084
Total Japan				75,851,308
Mexico 1.15%
Consumer Finance
Gentera SAB de CV		3,203,220		3,912,486
New Zealand 1.23%
Airlines
Air New Zealand Ltd.*		8,339,526		4,192,727
Norway 0.93%
Semiconductors & Semiconductor Equipment 0.62%
Nordic Semiconductor ASA*		132,504		2,112,916
Software 0.31%
Crayon Group Holding ASA†*		105,018		1,057,733
Total Norway				3,170,649
Peru 0.63%
Banks
Intercorp Financial Services, Inc.		89,356		2,143,650
Portugal 1.67%
Multi-Utilities
REN - Redes Energeticas Nacionais SGPS SA		2,064,820		5,675,094

See Notes to Schedule of Investments. 33

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
South Korea 2.16%
Chemicals 1.30%
Soulbrain Co. Ltd./New*		23,157	$	4,421,702
Semiconductors & Semiconductor Equipment 0.86%
WONIK IPS Co. Ltd.*		116,798		2,951,992
Total South Korea				7,373,694
Spain 3.09%
Banks 1.29%
Banco de Sabadell SA		3,358,713		4,391,059
Containers & Packaging 1.21%
Vidrala SA		40,903		4,126,090
Professional Services 0.59%
Applus Services SA		260,637		2,000,325
Total Spain				10,517,474
Sweden 3.28%
Auto Components 0.95%
Autoliv, Inc. SDR		35,136		3,231,807
Commercial Services & Supplies 1.71%
Loomis AB		195,906		5,825,738
Food & Staples Retailing 0.62%
Axfood AB		81,593		2,101,487
Total Sweden				11,159,032
Switzerland 2.88%
Containers & Packaging 0.78%
SIG Group AG*		107,363		2,661,095
Life Sciences Tools & Services 1.69%
Tecan Group AG Registered Shares		13,721		5,758,345

Investments	Shares		U.S. $ Fair Value
Switzerland (continued)
Machinery 0.41%
Sulzer AG Registered Shares		16,456	$	1,401,289
Total Switzerland				9,820,729
United Kingdom 16.72%
Aerospace & Defense 1.97%
Chemring Group plc		1,075,381		3,738,708
Senior plc		1,573,022		2,959,371
				6,698,079
Banks 0.54%
Virgin Money UK plc		773,180		1,849,990
Beverages 1.40%
Britvic plc		498,928		4,779,351
Biotechnology 0.89%
Genus plc		84,269		3,022,469
Capital Markets 1.49%
Man Group plc		1,645,213		5,061,422
Communications Equipment 0.59%
Spirent Communications plc		743,106		2,013,885
Construction Materials 0.93%
Breedon Group plc		3,736,324		3,165,167
Equity Real Estate Investment Trusts 1.05%
Big Yellow Group plc		240,533		3,587,597
Food Products 1.01%
Tate & Lyle plc		368,531		3,431,783
Insurance 0.94%
Lancashire Holdings Ltd.		415,796		3,209,578
Life Sciences Tools & Services 0.79%
ConvaTec Group plc†		927,138		2,689,133

34 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)
Machinery 1.20%
Concentric AB		193,053	$	4,103,438
Multi-Line Retail 1.57%
B&M European Value Retail SA		966,605		5,345,628
Pharmaceuticals 0.53%
Dechra Pharmaceuticals plc		50,992		1,808,490
Specialty Retail 1.16%
WH Smith plc		200,107		3,951,624
Trading Companies & Distributors 0.66%
Grafton Group plc		197,334		2,239,928
Total United Kingdom				56,957,562
Total Common Stocks (cost $329,884,058)				332,510,874
		Principal Amount
SHORT-TERM INVESTMENTS 2.29%
Repurchase Agreements 2.29%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $7,871,300 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $7,947,312; proceeds: $7,791,890 (cost $7,791,446)	$	7,791,446		7,791,446

Investments	Shares		U.S. $ Fair Value
Money Market Funds 0.00%
Fidelity Government Portfolio(b) (cost $11,880)		11,880	$	11,880
Time Deposits 0.00%
CitiBank N.A.(b) (cost $1,320)		1,320		1,320
Total Short-Term Investments (cost $7,804,646)				7,804,646
Total Investments in Securities 99.89% (cost $337,688,704)				340,315,520
Other Assets and Liabilities – Net 0.11%				362,132
Net Assets 100.00%			$	340,677,652

ADR	American Depositary Receipt.
SDR	Swedish Depository Receipt.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $14,357,744, which represents 4.21% of net assets.
*	Non-income producing security.
(a)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(b)	Security was purchased with the cash collateral from loaned securities.

See Notes to Schedule of Investments. 35

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	29,981,636	$	–	$	–	$	29,981,636
Egypt		3,442,523		–		–		3,442,523
Germany		1,168,845		26,082,446		–		27,251,291
Hong Kong		660,178		3,447,405		–		4,107,583
Iceland		3,669,551		–		–		3,669,551
Mexico		3,912,486		–		–		3,912,486
Peru		2,143,650		–		–		2,143,650
United Kingdom		11,477,430		45,480,132		–		56,957,562
Remaining Countries		–		201,044,592		–		201,044,592
Short-Term Investments
Repurchase Agreements		–		7,791,446		–		7,791,446
Money Market Funds		11,880		–		–		11,880
Time Deposits		–		1,320		–		1,320
Total	$	56,468,179	$	283,847,341	$	–	$	340,315,520

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

36 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL VALUE FUND January 31, 2023

			U.S. $
Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 97.83%
COMMON STOCKS 97.83%
Australia 3.96%
Equity Real Estate Investment Trusts 0.97%
Goodman Group		272,590	$	3,888,108
Metals & Mining 2.99%
BHP Group Ltd.		342,648		12,000,263
Total Australia				15,888,371
Austria 2.76%
Banks
BAWAG Group AG†*		104,963		6,501,915
Erste Group Bank AG		120,636		4,577,428
				11,079,343
Canada 3.60%
Food & Staples Retailing 0.30%
Alimentation Couche-Tard, Inc.		26,500		1,210,131
Insurance 1.31%
Manulife Financial Corp.		265,100		5,246,014
Metals & Mining 0.44%
Capstone Copper Corp.*		354,700		1,740,777
Oil, Gas & Consumable Fuels 1.55%
Pembina Pipeline Corp.		175,633		6,231,734
Total Canada				14,428,656
China 2.09%
Internet & Direct Marketing Retail 1.30%
Alibaba Group Holding Ltd.*		379,700		5,220,366
Specialty Retail 0.79%
Topsports International Holdings Ltd.†		3,346,000		3,152,812
Total China				8,373,178

			U.S. $
Investments	Shares		Fair Value
Egypt 0.69%
Oil, Gas & Consumable Fuels
Energean plc		193,325	$	2,776,668
Finland 1.83%
Banks
Nordea Bank Abp		628,356		7,345,723
France 14.95%
Aerospace & Defense 2.76%
Airbus SE		47,815		5,994,368
Thales SA		38,451		5,085,503
				11,079,871
Building Products 0.72%
Cie de Saint-Gobain		50,414		2,895,335
Capital Markets 0.76%
Amundi SA†		46,280		3,029,950
Diversified Telecommunication Services 2.17%
Orange SA		821,493		8,693,655
Gas Utilities 0.83%
Rubis SCA		118,673		3,321,098
Information Technology Services 0.77%
Capgemini SE		16,281		3,089,899
Insurance 1.77%
AXA SA		228,093		7,116,278
Oil, Gas & Consumable Fuels 1.20%
TotalEnergies SE		78,117		4,829,252
Pharmaceuticals 2.51%
Sanofi		103,002		10,086,412
Textiles, Apparel & Luxury Goods 1.46%
Kering SA		9,383		5,854,586
Total France				59,996,336

See Notes to Schedule of Investments. 37

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2023

			U.S. $
Investments	Shares		Fair Value
Germany 6.63%
Air Freight & Logistics 1.34%
Deutsche Post AG Registered Shares Registered Shares		124,512	$	5,361,075
Chemicals 0.79%
Covestro AG†		69,073		3,180,431
Insurance 2.00%
Allianz SE Registered Shares Registered Shares		33,541		8,020,117
Pharmaceuticals 1.86%
Bayer AG Registered Shares		120,075		7,474,061
Semiconductors & Semiconductor Equipment 0.64%
Infineon Technologies AG		71,199		2,563,908
Total Germany				26,599,592
Hong Kong 1.38%
Insurance
Prudential plc		334,071		5,550,607
India 1.12%
Banks 0.73%
Federal Bank Ltd.		1,771,883		2,923,829
Oil, Gas & Consumable Fuels 0.39%
Petronet LNG Ltd.		583,305		1,552,732
Total India				4,476,561
Indonesia 0.39%
Banks
Bank Negara Indonesia Persero Tbk PT		2,560,600		1,569,624

			U.S. $
Investments	Shares		Fair Value
Ireland 3.51%
Banks 1.80%
Bank of Ireland Group plc		677,468	$	7,237,962
Construction Materials 1.71%
CRH plc		146,496		6,844,666
Total Ireland				14,082,628
Isle Of Man 0.91%
Hotels, Restaurants & Leisure
Entain plc		197,220		3,636,871
Italy 1.33%
Electric: Utilities
Enel SpA		906,084		5,335,132
Japan 16.75%
Auto Components 0.83%
Denso Corp.		61,800		3,337,552
Automobiles 1.81%
Toyota Motor Corp.		494,800		7,266,490
Banks 3.79%
Concordia Financial Group Ltd.		718,400		3,156,910
Sumitomo Mitsui Financial Group, Inc.		277,600		12,064,791
				15,221,701
Beverages 1.59%
Asahi Group Holdings Ltd.		192,600		6,360,084
Building Products 0.82%
Sanwa Holdings Corp.		309,100		3,272,261
Diversified Financial Services 0.71%
ORIX Corp.		163,100		2,867,784

38 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2023

			U.S. $
Investments	Shares		Fair Value
Japan (continued)
Electrical Equipment 1.27%
Fuji Electric Co. Ltd.		125,900	$	5,096,179
Electronic Equipment, Instruments & Components 0.50%
Murata Manufacturing Co., Ltd.		34,900		1,994,203
Household Durables 0.99%
Sony Group Corp.		44,300		3,958,273
Industrial Conglomerates 1.23%
Hitachi Ltd.		94,500		4,955,811
Insurance 0.66%
Tokio Marine Holdings, Inc.		125,600		2,630,655
Machinery 0.92%
Fujitec Co. Ltd.		149,000		3,691,799
Trading Companies & Distributors 1.63%
ITOCHU Corp.		202,400		6,541,936
Total Japan				67,194,728
Mexico 1.84%
Banks 0.96%
Grupo Financiero Banorte SAB de CV Class O		466,266		3,867,454
Transportation Infrastructure 0.88%
Grupo Aeroportuario del Pacifico SAB de CV Class B		204,300		3,527,038
Total Mexico				7,394,492
Netherlands 5.65%
Food & Staples Retailing 1.45%
Koninklijke Ahold Delhaize NV		195,031		5,821,083

			U.S. $
Investments	Shares		Fair Value
Netherlands (continued)
Oil, Gas & Consumable Fuels 4.20%
Shell plc ADR		286,497	$	16,848,889
Total Netherlands				22,669,972
Norway 0.98%
Oil, Gas & Consumable Fuels
Aker BP ASA		129,005		3,929,716
Singapore 1.79%
Banks
United Overseas Bank Ltd.		315,500		7,171,513
South Africa 1.63%
Metals & Mining
Anglo American plc		151,659		6,541,110
South Korea 1.03%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		82,666		4,117,612
Sweden 1.98%
Auto Components 0.91%
Autoliv, Inc. SDR		39,767		3,657,766
Commercial Services & Supplies 1.07%
Loomis AB		144,569		4,299,108
Total Sweden				7,956,874
Switzerland 4.76%
Capital Markets 1.92%
UBS Group AG Registered Shares		359,897		7,682,136
Pharmaceuticals 2.84%
Novartis AG Registered Shares Registered Shares		126,214		11,410,886
Total Switzerland				19,093,022

See Notes to Schedule of Investments. 39

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2023

			U.S. $
Investments	Shares		Fair Value
United Kingdom 15.87%
Banks 3.00%
Barclays plc		2,252,281	$	5,177,523
Standard Chartered plc		817,646		6,867,910
				12,045,433
Electric: Utilities 1.67%
SSE plc		314,084		6,704,019
Food Products 1.26%
Tate & Lyle plc		541,330		5,040,898
Insurance 0.96%
Lancashire Holdings Ltd.		498,520		3,848,134
Multi-Line Retail 0.91%
Next plc		44,801		3,668,044
Personal Products 2.69%
Haleon plc*		852,975		3,418,195
Unilever plc		144,637		7,361,887
				10,780,082
Pharmaceuticals 1.65%
AstraZeneca plc		50,383		6,600,801
Tobacco 1.95%
Imperial Brands plc		312,174		7,831,266
Trading Companies & Distributors 1.06%
Ashtead Group plc		64,631		4,257,165
Wireless Telecommunication Services 0.72%
Vodafone Group plc		2,511,112		2,897,353
Total United Kingdom				63,673,195
United States 0.40%
Pharmaceuticals
GSK plc		92,131		1,618,282
Total Common Stocks (cost $362,302,438)				392,499,806

	Principal		U.S. $
Investments	Amount		Fair Value
SHORT-TERM INVESTMENTS 2.83%
Repurchase Agreements 2.83%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $12,148,700 of U.S. Treasury Note at 1.500% due 11/30/2024; value: $11,573,252; proceeds: $11,346,888 (cost $11,346,242)	$	11,346,242	$	11,346,242
Total Investments in Securities 100.66% (cost $373,648,680)				403,846,048
Other Assets and Liabilities – Net (0.66)%				(2,662,416	)
Net Assets 100.00%			$	401,183,632

ADR	American Depositary Receipt.
SDR	Swedish Depository Receipt.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $15,865,108, which represents 3.95% of net assets.
*	Non-income producing security.

40 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL VALUE FUND January 31, 2023

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	14,428,656	$	–	$	–	$	14,428,656
Egypt		2,776,668		–		–		2,776,668
Mexico		7,394,492		–		–		7,394,492
Netherlands		16,848,889		5,821,083		–		22,669,972
Remaining Countries		–		345,230,018		–		345,230,018
Short-Term Investments
Repurchase Agreements		–		11,346,242		–		11,346,242
Total	$	41,448,705	$	362,397,343	$	–	$	403,846,048

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 41

Schedule of Investments (unaudited)

MICRO CAP GROWTH FUND January 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.93%
COMMON STOCKS 99.93%
Aerospace & Defense 2.16%
AAR Corp.*		35,417	$	1,821,850
AeroVironment, Inc.*		35,647		3,171,514
Total				4,993,364
Banks 0.91%
Byline Bancorp, Inc.		85,103		2,110,554
Beverages 1.49%
MGP Ingredients, Inc.		19,452		1,897,348
Vita Coco Co., Inc. (The)*		114,285		1,550,848
Total				3,448,196
Biotechnology 16.87%
Arcellx, Inc.*		172,795		5,773,081
BELLUS Health, Inc. (Canada)*(a)		282,972		2,224,160
Cytek Biosciences, Inc.*		151,019		1,819,779
Day One Biopharmaceuticals, Inc.*		157,787		3,435,023
Esperion Therapeutics, Inc.*		253,214		1,610,441
IVERIC bio, Inc.*		51,649		1,193,092
Karuna Therapeutics, Inc.*		12,562		2,504,737
Krystal Biotech, Inc.*		72,084		5,991,622
Rocket Pharmaceuticals, Inc.*		167,056		3,630,127
Syndax Pharmaceuticals, Inc.*		148,968		4,275,381
uniQure NV (Netherlands)*(a)		94,079		1,999,179
Xenon Pharmaceuticals, Inc. (Canada)*(a)		115,596		4,518,648
Total				38,975,270
Capital Markets 1.44%
Piper Sandler Cos.		13,044		1,853,553
StoneX Group, Inc.*		16,799		1,476,296
Total				3,329,849

Investments	Shares		Fair Value
Commercial Services & Supplies 3.21%
Heritage-Crystal Clean, Inc.*		130,052	$	4,837,934
Montrose Environmental Group, Inc.*		47,735		2,585,328
Total				7,423,262
Communications Equipment 2.06%
Calix, Inc.*		90,474		4,762,551
Construction & Engineering 2.75%
Ameresco, Inc. Class A*		45,970		2,963,686
NV5 Global, Inc.*		25,480		3,396,229
Total				6,359,915
Diversified Consumer Services 1.83%
PowerSchool Holdings, Inc. Class A*		187,459		4,221,577
Diversified Telecommunication Services 0.96%
Ooma, Inc.*		154,845		2,225,123
Electronic Equipment, Instruments & Components 3.26%
Napco Security Technologies, Inc.*		143,646		4,161,425
OSI Systems, Inc.*		17,921		1,697,298
Sight Sciences, Inc.*		144,879		1,667,557
Total				7,526,280
Food & Staples Retailing 1.99%
Chefs’ Warehouse, Inc. (The)*		120,360		4,601,363
Health Care Equipment & Supplies 9.93%
Axonics, Inc.*		47,319		2,905,387
Lantheus Holdings, Inc.*		19,504		1,121,480
Pacific Biosciences of California, Inc.*		405,464		4,496,596
PROCEPT BioRobotics Corp.*		49,473		1,924,005
Silk Road Medical, Inc.*		81,458		4,428,057
TransMedics Group, Inc.*		94,975		5,985,324
Treace Medical Concepts, Inc.*		89,890		2,075,560
Total				22,936,409

42 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

MICRO CAP GROWTH FUND January 31, 2023

Investments	Shares		Fair Value
Health Care Technology 1.04%
Phreesia, Inc.*		64,090	$	2,402,734
Hotels, Restaurants & Leisure 3.55%
Kura Sushi USA, Inc. Class A*		29,622		1,840,711
Monarch Casino & Resort, Inc.*		36,796		2,819,309
Xponential Fitness, Inc. Class A*		129,260		3,552,065
Total				8,212,085
Information Technology Services 2.59%
Flywire Corp.*		129,092		3,481,611
NerdWallet, Inc. Class A*(b)		213,138		2,491,583
Total				5,973,194
Interactive Media & Services 0.53%
ZipRecruiter, Inc. Class A*		61,934		1,216,384
Internet & Direct Marketing Retail 1.14%
Fiverr International Ltd. (Israel)*(a)		70,845		2,627,641
Leisure Products 0.94%
Bowlero Corp.*(b)		158,535		2,179,856
Life Sciences Tools & Services 1.25%
Akoya Biosciences, Inc.*		89,804		1,010,295
Olink Holding AB ADR*		96,293		1,885,417
Total				2,895,712
Media 0.74%
Integral Ad Science Holding Corp.*		166,172		1,708,248
Metals & Mining 1.05%
Carpenter Technology Corp.		50,403		2,433,961
Oil, Gas & Consumable Fuels 1.02%
Talos Energy, Inc.*		119,525		2,367,790
Personal Products 1.61%
elf Beauty, Inc.*		64,534		3,713,932

Investments	Shares		Fair Value
Pharmaceuticals 8.46%
Intra-Cellular Therapies, Inc.*		35,438	$	1,698,189
Pliant Therapeutics, Inc.*		156,075		5,468,868
Prometheus Biosciences, Inc.*		37,434		4,254,748
Ventyx Biosciences, Inc.*		193,556		8,129,352
Total				19,551,157
Professional Services 2.97%
ICF International, Inc.		33,034		3,375,744
Remitly Global, Inc.*		288,864		3,483,700
Total				6,859,444
Semiconductors & Semiconductor Equipment 8.91%
Aehr Test Systems*(b)		77,614		2,713,385
CEVA, Inc.*		39,823		1,318,938
Impinj, Inc.*		55,743		7,234,327
indie Semiconductor, Inc. Class A*(b)		320,089		2,551,109
Rambus, Inc.*		167,474		6,777,673
Total				20,595,432
Software 9.36%
Agilysys, Inc.*		90,118		7,530,260
Arteris, Inc.*		152,473		957,530
AvidXchange Holdings, Inc.*		408,840		4,546,301
C3.ai, Inc. Class A*		139,888		2,776,777
JFrog Ltd. (Israel)*(a)		125,123		3,216,912
Yext, Inc.*		176,128		1,224,090
Zeta Global Holdings Corp. Class A*		152,241		1,382,348
Total				21,634,218
Specialty Retail 1.17%
Warby Parker, Inc. Class A*(b)		167,106		2,698,762
Technology Hardware, Storage & Peripherals 0.81%
Avid Technology, Inc.*		61,432		1,862,004

See Notes to Schedule of Investments. 43

Schedule of Investments (unaudited)(concluded)

MICRO CAP GROWTH FUND January 31, 2023

Investments	Shares		Fair Value
Textiles, Apparel & Luxury Goods 1.23%
Oxford Industries, Inc.		24,163	$	2,832,387
Trading Companies & Distributors 1.02%
Titan Machinery, Inc.*		53,431		2,347,758
Wireless Telecommunication Services 1.68%
Gogo, Inc.*		232,044		3,891,378
Total Common Stocks (cost $176,621,119)				230,917,790
	Principal Amount
SHORT-TERM INVESTMENTS 5.32%
Repurchase Agreements 1.83%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $4,275,400 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $4,316,687; proceeds: $4,232,264 (cost $4,232,023)	$	4,232,023		4,232,023

Investments	Shares		Fair Value
Money Market Funds 3.14%
Fidelity Government Portfolio(c) (cost $7,240,664)		7,240,664	$	7,240,664
Time Deposits 0.35%
CitiBank N.A.(c) (cost $804,518)		804,518		804,518
Total Short-Term Investments (cost $12,277,205)				12,277,205
Total Investments in Securities 105.25% (cost $188,898,324)				243,194,995
Other Assets and Liabilities – Net (5.25)%				(12,120,467	)
Net Assets 100.00%			$	231,074,528

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers.
(c)	Security was purchased with the cash collateral from loaned securities.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	230,917,790	$	–	$	–	$	230,917,790
Short-Term Investments
Repurchase Agreements		–		4,232,023		–		4,232,023
Money Market Funds		7,240,664		–		–		7,240,664
Time Deposits		–		804,518		–		804,518
Total	$	238,158,454	$	5,036,541	$	–	$	243,194,995

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

44 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

VALUE OPPORTUNITIES FUND January 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.98%
COMMON STOCKS 98.98%
Aerospace & Defense 1.52%
Curtiss-Wright Corp.		121,108	$	20,079,706
Auto Components 1.64%
Gentherm, Inc.*		289,934		21,579,788
Banks 5.36%
Columbia Banking System, Inc.		425,778		13,160,798
East West Bancorp, Inc.		244,035		19,161,628
First BanCorp		1,475,809		19,849,631
Wintrust Financial Corp.		202,956		18,564,386
Total				70,736,443
Building Products 3.60%
Allegion plc (Ireland)(a)		215,787		25,365,762
Masonite International Corp.*		242,724		22,141,283
Total				47,507,045
Capital Markets 4.44%
Cboe Global Markets, Inc.		171,332		21,053,276
Moelis & Co. Class A		389,256		18,197,718
TPG, Inc.		598,900		19,290,569
Total				58,541,563
Chemicals 3.81%
Avient Corp.		400,822		16,241,307
Axalta Coating Systems Ltd.*		407,858		12,276,526
Valvoline, Inc.		593,900		21,772,374
Total				50,290,207
Communications Equipment 1.38%
F5, Inc.*		123,135		18,182,114
Construction & Engineering 1.99%
EMCOR Group, Inc.		176,902		26,225,722

Investments	Shares		Fair Value
Construction Materials 1.18%
Eagle Materials, Inc.		107,039	$	15,636,257
Containers & Packaging 1.87%
Avery Dennison Corp.		130,203		24,665,656
Electric: Utilities 3.12%
IDACORP, Inc.		188,682		19,964,442
Portland General Electric Co.		444,467		21,147,740
Total				41,112,182
Electrical Equipment 0.38%
Brady Corp. Class A		94,635		5,060,134
Electronic Equipment, Instruments & Components 1.43%
Littelfuse, Inc.		73,340		18,825,645
Energy Equipment & Services 1.84%
NOV, Inc.		995,759		24,336,350
Equity Real Estate Investment Trusts 5.23%
American Homes 4 Rent Class A		536,613		18,400,460
First Industrial Realty Trust, Inc.		488,236		26,047,391
National Storage Affiliates Trust		433,694		17,694,715
Sunstone Hotel Investors, Inc.		630,200		6,925,898
Total				69,068,464
Food & Staples Retailing 2.17%
BJ’s Wholesale Club Holdings, Inc.*		395,993		28,697,613
Health Care Equipment & Supplies 4.74%
CONMED Corp.		179,000		17,141,040
Cooper Cos., Inc. (The)		48,412		16,892,399
STERIS plc		138,084		28,515,727
Total				62,549,166

See Notes to Schedule of Investments. 45

Schedule of Investments (unaudited)(continued)

VALUE OPPORTUNITIES FUND January 31, 2023

Investments	Shares		Fair Value
Health Care Providers & Services 3.23%
Molina Healthcare, Inc.*		101,451	$	31,635,465
R1 RCM, Inc.*		771,139		11,034,999
Total				42,670,464
Hotels, Restaurants & Leisure 5.75%
Caesars Entertainment, Inc.*		388,200		20,209,692
Choice Hotels International, Inc.		183,133		22,505,214
Dave & Buster’s Entertainment, Inc.*		190,457		8,256,311
SeaWorld Entertainment, Inc.*		119,368		7,447,370
Texas Roadhouse, Inc.		174,040		17,478,837
Total				75,897,424
Household Products 0.83%
Reynolds Consumer Products, Inc.		369,000		10,985,130
Information Technology Services 2.08%
Euronet Worldwide, Inc.*		153,404		17,285,563
WNS Holdings Ltd. ADR*		120,609		10,219,200
Total				27,504,763
Insurance 7.03%
American Financial Group, Inc./OH		211,679		30,183,309
Assurant, Inc.		98,423		13,049,905
RenaissanceRe Holdings Ltd.		105,619		20,668,582
Selective Insurance Group, Inc.		172,150		16,354,250
Stewart Information Services Corp.		260,796		12,458,225
Total				92,714,271
Internet Software & Services 0.74%
Perficient, Inc.*		131,646		9,760,234

Investments	Shares		Fair Value
Life Sciences Tools & Services 4.23%
Bio-Techne Corp.		216,348	$	17,234,282
Charles River Laboratories International, Inc.*		84,894		20,650,465
Repligen Corp.*		96,826		17,941,858
Total				55,826,605
Machinery 3.51%
Columbus McKinnon Corp.		603,767		21,705,424
Crane Holdings Co.		212,395		24,618,704
Total				46,324,128
Media 1.21%
Criteo SA ADR*		529,984		16,032,016
Metals & Mining 1.10%
Reliance Steel & Aluminum Co.		63,729		14,495,161
Oil, Gas & Consumable Fuels 3.72%
Chesapeake Energy Corp.		341,338		29,600,832
Permian Resources Corp.		1,796,622		19,529,281
Total				49,130,113
Pharmaceuticals 1.63%
Organon & Co.		712,194		21,458,405
Professional Services 2.88%
Booz Allen Hamilton Holding Corp.		237,561		22,482,773
ICF International, Inc.		151,838		15,516,325
Total				37,999,098
Real Estate Management & Development 1.29%
Marcus & Millichap, Inc.		469,400		17,011,056
Road & Rail 1.74%
Saia, Inc.*		84,051		22,927,432
Semiconductors & Semiconductor Equipment 2.65%
Entegris, Inc.		282,959		22,837,621
FormFactor, Inc.*		429,492		12,085,905
Total				34,923,526

46 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

VALUE OPPORTUNITIES FUND January 31, 2023

Investments	Shares		Fair Value
Software 5.21%
Aspen Technology, Inc.*		50,116	$	9,960,555
CommVault Systems, Inc.*		399,880		24,884,532
Descartes Systems Group, Inc. (The) (Canada)*(a)		283,463		20,698,468
Paylocity Holding Corp.*		63,154		13,154,347
Total				68,697,902
Specialty Retail 0.74%
Burlington Stores, Inc.*		42,343		9,731,692
Textiles, Apparel & Luxury Goods 1.51%
Deckers Outdoor Corp.*		46,740		19,980,415
Trading Companies & Distributors 2.20%
AerCap Holdings NV (Ireland)*(a)		460,197		29,089,052
Total Common Stocks (cost $1,119,298,264)				1,306,252,942

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.34%
Repurchase Agreements 1.34%
Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $18,929,400 of U.S. Treasury Note at 1.500% due 11/30/2024; value: $18,032,770; proceeds: $17,680,161 (cost $17,679,155)	$	17,679,155	$	17,679,155
Total Investments in Securities 100.32% (cost $1,136,977,419)				1,323,932,097
Other Assets and Liabilities – Net (0.32)%				(4,203,634	)
Net Assets 100.00%			$	1,319,728,463

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	1,306,252,942	$	–	$	–	$	1,306,252,942
Short-Term Investments
Repurchase Agreements		–		17,679,155		–		17,679,155
Total	$	1,306,252,942	$	17,679,155	$	–	$	1,323,932,097

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 47

Notes to Schedule of Investments (unaudited)

1. ORGANIZATION  

Lord Abbett Securities Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was organized as a Delaware statutory trust on February 26, 1993. The Trust consists of the following thirteen funds (separately, a “Fund” and collectively, the “Funds”): Lord Abbett Alpha Strategy Fund (“Alpha Strategy Fund”), Lord Abbett Focused Growth Fund (“Focused Growth Fund”), Lord Abbett Focused Large Cap Value Fund (“Focused Large Cap Value Fund”), Lord Abbett Focused Small Cap Value (“Focused Small Cap Value Fund”), Lord Abbett Fundamental Equity Fund (“Fundamental Equity Fund”), Lord Abbett Global Equity Research Fund (“Global Equity Research Fund”), Lord Abbett Growth Leaders Fund (“Growth Leaders Fund”), Lord Abbett Health Care Fund (“Health Care Fund”), Lord Abbett International Equity Fund (“International Equity Fund”), Lord Abbett International Opportunities Fund (“International Opportunities Fund”), Lord Abbett International Value Fund (“International Value Fund”), Lord Abbett Micro-Cap Growth Fund (“Micro Cap Growth Fund”) and Lord Abbett Value Opportunities Fund (“Value Opportunities Fund”). All funds are diversified except Focused Growth Fund and Focused Large Cap Value Fund.

Each of Alpha Strategy Fund’s, Focused Large Cap Value Fund’s, Focused Small Cap Value Fund’s, Global Equity Research Fund’s, Health Care Fund’s, International Equity Fund’s, International Opportunities Fund’s, and Value Opportunities Fund’s investment objective is to seek long-term capital appreciation. Micro-Cap Growth Fund’s investment objective is long-term capital appreciation. Alpha Strategy Fund invests principally in other funds (“Underlying Funds”) managed by Lord, Abbett & Co. LLC (“Lord Abbett”). Fundamental Equity Fund’s investment objective is long-term growth of capital and income without excessive fluctuations in market value. Growth Leaders Fund’s and Focused Growth Fund’s investment objective is to seek capital appreciation. International Value Fund’s investment objective is to seek a high level of total return.

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation-Under procedures approved by the Funds’ Board of Trustees (the “Board”), the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord Abbett, as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Board has approved the use of an independent fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities

48

Notes to Schedule of Investments (unaudited)(continued)

	or other instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and ask prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and ask prices is used. Investments in the Underlying Funds are valued at their net asset value (“NAV”) each business day at the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time.
	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Fair Value Measurements-Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

●	Level 1 -	unadjusted quoted prices in active markets for identical investments;
●	Level 2 -	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
●	Level 3 -	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).
A summary of inputs used in valuing each Fund’s investments and other financial instruments as of January 31, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

49

Notes to Schedule of Investments (unaudited)(continued)

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3. FEDERAL TAX INFORMATION  

It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.

4. SECURITIES LENDING AGREEMENT  

The Funds have established a securities lending agreement with Citibank, N.A. (the “agent”) for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Fund’s securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Fund on the next business day. As with other extensions of credit, the Funds have may experience a delay in the recovery of its securities or incur a loss should the borrower of the securities breach its agreement with the Funds have or become insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Fund is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

As of January 31, 2023, the market value of securities loaned and collateral received for the Funds were as follows:

Funds	Market Value of Securities Loaned		Collateral Received
Health Care Fund	$	42,683	$	43,058
International Opportunities Fund		12,826		13,200
Micro-Cap Growth Fund		7,984,031		8,045,182

50

Notes to Schedule of Investments (unaudited)(concluded)

5. TRANSACTIONS WITH AFFILIATED ISSUERS  

An affiliated issuer is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying issuer at any point during the fiscal year or any company which is under common ownership or control. Alpha Strategy Fund had the following transactions with affiliated issuers (i.e. the Underlying Funds) during the period ended January 31, 2023:

Affiliated Issuer	Value at 10/31/2022		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Change in Appreciation (Depreciation)		Value at 1/31/2023		Shares as of 1/31/2023		Dividend Income
Lord Abbett Developing Growth Fund, Inc. - Class I	$	130,614,911	$	4,427,496	$	(5,039,167	)	$	(508,607	)	$	3,107,594	$	132,602,227		5,486,232	$	–
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I		66,432,704		2,521,943		(5,805,707	)		519,777	(a)		5,248,518		66,816,369		2,411,273		421,077
Lord Abbett Securities Trust - International Opportunities Fund - Class I		127,886,274		2,427,052		(20,312,677	)		(820,711	)		22,397,467		131,577,405		7,289,607		2,427,052
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I		66,791,628		222,989		(2,436,898	)		396,985			1,302,246		66,276,950		3,778,617		–
Lord Abbett Research Fund, Inc. - Small - Cap Value Fund - Class I		132,523,683		3,852,845		(10,390,641	)		(521,637	)(b)		11,618,516		133,711,999		7,302,676		482,078
Lord Abbett Securities Trust - Value Opportunities Fund - Class I		131,587,768		11,466,931		(8,794,198	)		8,064,464	(c)		40,267		132,571,431		7,485,682		1,136,520
Total								$	7,130,271		$	43,714,608	$	663,556,381			$	4,466,727

(a)	Includes $2,100,866 of distributed capital gains.
(b)	Includes $3,370,767 of distributed capital gains.
(c)	Includes $9,793,801 of distributed capital gains.

51

Investments in Underlying Funds (unaudited)

Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of January 31, 2023, Alpha Strategy Fund’s long-term investments were allocated among the Underlying Funds as follows:

Underlying Fund Name	%
Lord Abbett Developing Growth Fund, Inc. - Class I	19.98%
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I	10.07%
Lord Abbett Securities Trust - International Opportunities Fund - Class I	19.83%
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I	9.99%
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I	20.15%
Lord Abbett Securities Trust - Value Opportunities Fund - Class I	19.98%
Total	100.00%
Lord Abbett Developing Growth Fund, Inc.
Ten Largest Holdings	% of Investments
Crocs, Inc.	2.47%
Clear Secure, Inc.	2.41%
Krystal Biotech, Inc.	2.24%
Planet Fitness, Inc.	1.97%
Impinj, Inc.	1.93%
Inspire Medical Systems, Inc.	1.90%
Rambus, Inc.	1.89%
Xenon Pharmaceuticals, Inc.	1.87%
Axon Enterprise, Inc.	1.83%
Clean Harbors, Inc.	1.79%
Holdings by Sector	% of Investments
Communication Services	2.15%
Consumer Discretionary	13.78%
Consumer Staples	1.47%
Energy	3.25%
Financials	0.63%
Health Care	28.50%
Industrials	19.07%
Information Technology	26.82%
Materials	2.35%
Money Market Funds	1.06%
Time Deposits	0.12%
Repurchase Agreements	0.80%
Total	100.00%

52

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Securities Trust - Focused Small Cap Value Fund

Ten Largest Holdings	% of Investments
SP Plus Corp.	3.44%
Organon & Co.	3.42%
Kemper Corp.	3.33%
Masonite International Corp.	3.27%
MRC Global, Inc.	3.23%
Cars.com, Inc.	3.09%
International Money Express, Inc.	3.06%
Eagle Materials, Inc.	2.69%
Tenet Healthcare Corp.	2.66%
Bancorp, Inc. (The)	2.57%
Holdings by Sector	% of Investments
Communication Services	5.04%
Consumer Discretionary	6.35%
Consumer Staples	4.72%
Energy	6.61%
Financials	27.30%
Health Care	6.09%
Industrials	17.34%
Information Technology	13.12%
Materials	6.23%
Real Estate	4.25%
Repurchase Agreements	2.95%
Total	100.00%
Lord Abett Securities Trust - International Opportunities Fund
Ten Largest Holdings	% of Investments
Brookfield Infrastructure Corp.	2.46%
ANDRITZ AG	2.32%
Capstone Copper Corp.	1.90%
Loomis AB	1.71%
Tecan Group AG	1.69%
Okinawa Cellular Telephone Co.	1.68%
REN - Redes Energeticas Nacionais SGPS SA	1.67%
Gerresheimer AG	1.64%
B&M European Value Retail SA	1.57%
MEG Energy Corp.	1.56%

53

Investments in Underlying Funds (unaudited)(continued)

Holdings by Sector	% of Investments
Communication Services	4.71%
Consumer Discretionary	12.72%
Consumer Staples	6.30%
Energy	3.74%
Financials	14.80%
Health Care	5.54%
Industrials	21.44%
Information Technology	9.78%
Materials	10.51%
Real Estate	4.04%
Utilities	4.13%
Money Market Funds	0.00%
Time Deposits	0.00%
Repurchase Agreements	2.29%
Total	100.00%
Lord Abbett Securities Trust - Micro Cap Growth Fund
Ten Largest Holdings	% of Investments
Ventyx Biosciences, Inc.	3.34%
Agilysys, Inc.	3.10%
Fidelity Government Portfolio	2.98%
Impinj, Inc.	2.97%
Rambus, Inc.	2.79%
Krystal Biotech, Inc.	2.46%
TransMedics Group, Inc.	2.46%
Arcellx, Inc.	2.37%
Pliant Therapeutics, Inc.	2.25%
Heritage-Crystal Clean, Inc.	1.99%
Holdings by Sector	% of Investments
Communication Services	3.72%
Consumer Discretionary	6.55%
Consumer Staples	4.84%
Energy	0.97%
Financials	3.26%
Health Care	36.36%
Industrials	11.15%
Information Technology	27.10%
Materials	1.00%
Money Market Funds	2.98%
Time Deposits	0.33%
Repurchase Agreements	1.74%
Total	100.00%

54

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Research Fund Inc. - Small Cap Value Fund

Ten Largest Holdings	% of Investments
MRC Global, Inc.	2.22%
Permian Resources Corp.	2.18%
BellRing Brands, Inc.	2.16%
Bancorp, Inc. (The)	2.14%
Masonite International Corp.	2.13%
International Money Express, Inc.	2.12%
Organon & Co.	2.08%
Kemper Corp.	2.06%
Heritage Financial Corp.	1.87%
Vita Coco Co., Inc. (The)	1.87%
Holdings by Sector	% of Investments
Communication Services	4.14%
Consumer Discretionary	6.93%
Consumer Staples	6.70%
Energy	6.52%
Financials	24.36%
Health Care	5.66%
Industrials	18.28%
Information Technology	11.50%
Materials	6.58%
Real Estate	4.66%
Utilities	2.14%
Repurchase Agreements	2.53%
Total	100.00%
Lord Abbett Securities Trust - Value Opportunities Fund
Ten Largest Holdings	% of Investments
Molina Healthcare, Inc.	2.39%
American Financial Group, Inc./OH	2.28%
Chesapeake Energy Corp.	2.24%
AerCap Holdings NV	2.20%
BJ’s Wholesale Club Holdings, Inc.	2.17%
STERIS plc	2.15%
EMCOR Group, Inc.	1.98%
First Industrial Realty Trust, Inc.	1.97%
Allegion plc	1.92%
CommVault Systems, Inc.	1.88%

55

Investments in Underlying Funds (unaudited)(concluded)

Holdings by Sector	% of Investments
Communication Services	1.21%
Consumer Discretionary	9.61%
Consumer Staples	3.00%
Energy	5.55%
Financials	16.77%
Health Care	13.78%
Industrials	17.77%
Information Technology	13.44%
Materials	7.94%
Real Estate	6.50%
Utilities	3.10%
Repurchase Agreements	1.33%
Total	100.00%

56

QPHR-SET-1Q

(03/23)