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, 2024

Schedule of Investments (unaudited)

ALPHA STRATEGY FUND January 31, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.97%
INVESTMENTS IN UNDERLYING FUNDS(a)(b) 99.97%
Lord Abbett Developing Growth Fund, Inc. - Class I*(c)		4,990,543	$	121,669,428
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I(d)		2,172,980		60,669,608
Lord Abbett Securities Trust - International Opportunities Fund - Class I(d)		6,575,591		121,648,424
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I*(d)		3,494,890		59,063,649
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I(d)		6,173,153		121,487,647
Lord Abbett Securities Trust - Value Opportunities Fund - Class I(d)		6,563,458		122,474,135
Total Investments in Underlying Funds (cost 603,812,004)				607,012,891

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.07%
Repurchase Agreements 0.07%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $452,700 of U.S. Treasury Note at 4.000% due 1/31/2031; value: $451,922; proceeds: $443,043 (cost $443,008)		$443,008	$	443,008
Total Investments in Securities 100.04% (cost $604,255,012)				607,455,899
Other Assets and Liabilities – Net (0.04)%				(242,749	)
Net Assets 100.00%			$	607,213,150

*	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, 2024 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	$	607,012,891	$	–	$	–	$	607,012,891
Short-Term Investments
Repurchase Agreements		–		443,008		–		443,008
Total	$	607,012,891	$	443,008	$	–	$	607,455,899

(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 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, 2024

Investments	Shares			Fair Value
LONG-TERM INVESTMENTS 97.45%
COMMON STOCKS 97.45%
Biotechnology 2.62%
Blueprint Medicines Corp.*		7,783		$	618,982
Bridgebio Pharma, Inc.*		18,339			628,844
Total					1,247,826
Broadline Retail 8.91%
Amazon.com, Inc.*		16,510			2,562,352
MercadoLibre, Inc. (Uruguay)*(a)		983	(b)		1,682,709
Total					4,245,061
Capital Markets 1.36%
Blackstone, Inc.		5,192			646,144
Communications Equipment 3.85%
Arista Networks, Inc.*		7,081			1,831,713
Entertainment 6.02%
Netflix, Inc.*		2,823			1,592,482
Spotify Technology SA (Sweden)*(a)		5,928			1,276,595
Total					2,869,077
Financial Services 1.47%
Mastercard, Inc. Class A		1,553			697,654
Ground Transportation 4.99%
Saia, Inc.*		2,038			918,282
Uber Technologies, Inc.*		22,332			1,457,610
Total					2,375,892
Health Care Equipment & Supplies 2.98%
Intuitive Surgical, Inc.*		3,752			1,419,082
Hotels, Restaurants & Leisure 3.22%
DraftKings, Inc. Class A*		39,315			1,535,251
Information Technology Services 7.25%
MongoDB, Inc.*		2,981			1,193,950
Shopify, Inc. Class A (Canada)*(a)		28,240			2,261,177
Total					3,455,127

Investments	Shares		Fair Value
Interactive Media & Services 6.83%
Alphabet, Inc. Class A*		11,834	$	1,657,943
Meta Platforms, Inc. Class A*		4,092		1,596,453
Total				3,254,396
Pharmaceuticals 3.11%
Eli Lilly & Co.		2,297		1,482,966
Semiconductors & Semiconductor Equipment 19.87%
Advanced Micro Devices, Inc.*		8,862		1,486,069
Applied Materials, Inc.		6,900		1,133,670
Monolithic Power Systems, Inc.		1,745		1,051,746
NVIDIA Corp.		8,022		4,935,696
Rambus, Inc.*		12,499		856,557
Total				9,463,738
Software 19.75%
Adobe, Inc.*		1,464		904,430
Cadence Design Systems, Inc.*		3,292		949,610
Datadog, Inc. Class A*		10,858		1,351,170
HubSpot, Inc.*		1,775		1,084,525
Microsoft Corp.		7,360		2,926,189
Palo Alto Networks, Inc.*		3,626		1,227,437
ServiceNow, Inc.*		1,258		962,873
Total				9,406,234
Technology Hardware, Storage & Peripherals 3.94%
Apple, Inc.		10,166		1,874,610
Textiles, Apparel & Luxury Goods 1.28%
Lululemon Athletica, Inc. (Canada)*(a)		1,347		611,296
Total Common Stocks (cost $34,688,049)				46,416,067

2 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED GROWTH FUND January 31, 2024

	Principal		Fair
Investments	Amount		Value
SHORT-TERM INVESTMENTS 2.41%
Repurchase Agreements 2.41%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $1,142,200 of U.S. Treasury Note at 4.375% due 8/15/2026; value: $1,169,432; proceeds: $1,146,523 (cost $1,146,434)	$	1,146,434	$	1,146,434
Total Investments in Securities 99.86% (cost $35,834,483)				47,562,501
Other Assets and Liabilities – Net 0.14%				65,739
Net Assets 100.00%			$	47,628,240

*	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, 2024 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	$	46,416,067	$	–	$	–	$	46,416,067
Short-Term Investments
Repurchase Agreements		–		1,146,434		–		1,146,434
Total	$	46,416,067	$	1,146,434	$	–	$	47,562,501

(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. 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, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.74%
COMMON STOCKS 98.74%
Aerospace & Defense 2.74%
Lockheed Martin Corp.		1,457	$	625,650
Banks 7.79%
JPMorgan Chase & Co.		6,030		1,051,391
Wells Fargo & Co.		14,530		729,115
Total				1,780,506
Beverages 3.05%
Carlsberg AS Class B		5,420		697,378
Biotechnology 3.45%
AbbVie, Inc.		4,790		787,476
Building Products 6.71%
Allegion PLC (Ireland)(a)		5,743		711,500
Masco Corp.		12,220		822,284
Total				1,533,784
Capital Markets 7.86%
Charles Schwab Corp.		15,367		966,892
KKR & Co., Inc.		9,570		828,570
Total				1,795,462
Construction Materials 3.43%
CRH PLC (Ireland)(a)		10,930		784,337
Consumer Staples Distribution & Retail 5.93%
BJ’s Wholesale Club Holdings, Inc.*		8,896		572,369
Target Corp.		5,630		783,020
Total				1,355,389
Financial Services 3.63%
Fiserv, Inc.*		5,850		829,940
Ground Transportation 3.38%
Norfolk Southern Corp.		3,280		771,587
Health Care Providers & Services 5.92%
Laboratory Corp. of America Holdings		2,280		506,844
Molina Healthcare, Inc.*		2,370		844,763
Total				1,351,607

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 2.54%
Caesars Entertainment, Inc.*		13,220	$	579,961
Insurance 8.11%
Allstate Corp.		6,700		1,040,175
RenaissanceRe Holdings Ltd.		3,548		811,889
Total				1,852,064
Interactive Media & Services 3.65%
Alphabet, Inc. Class A*		5,950		833,595
Machinery 3.07%
Parker-Hannifin Corp.		1,510		701,395
Oil, Gas & Consumable Fuels 7.54%
Chesapeake Energy Corp.		7,518		579,713
Pioneer Natural Resources Co.		2,500		574,575
Shell PLC ADR		9,040		568,706
Total				1,722,994
Real Estate Management & Development 2.77%
CBRE Group, Inc. Class A*		7,340		633,515
Semiconductors & Semiconductor Equipment 3.32%
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		6,710		757,962
Software 6.93%
Adobe, Inc.*		1,150		710,447
Microsoft Corp.		2,197		873,483
Total				1,583,930
Specialty Retail 3.16%
Valvoline, Inc.*		19,810		722,867
Trading Companies & Distributors 3.76%
AerCap Holdings NV (Ireland)*(a)		11,210		858,238
Total Common Stocks (cost $18,619,824)				22,559,637

4 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED LARGE CAP VALUE FUND January 31, 2024

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.20%
Repurchase Agreements 1.20%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $272,400 of U.S. Treasury Note at 4.375% due 8/15/2026; value: $278,894; proceeds: $273,420 (cost $273,399)		$273,399	$	273,399
Total Investments in Securities 99.94% (cost $18,893,223)				22,833,036
Other Assets and Liabilities – Net 0.06%				14,635
Net Assets 100.00%			$	22,847,671

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, 2024 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	$	–	$	697,378	$	–	$	697,378
Remaining Industries		21,862,259		–		–		21,862,259
Short-Term Investments
Repurchase Agreements		–		273,399		–		273,399
Total	$	21,862,259	$	970,777	$	–	$	22,833,036

(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. 5

Schedule of Investments (unaudited)

FOCUSED SMALL CAP VALUE FUND January 31, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.87%
COMMON STOCKS 99.87%
Aerospace & Defense 2.50%
Leonardo DRS, Inc.*		137,395	$	2,666,837
Air Freight & Logistics 1.32%
Radiant Logistics, Inc.*		229,325		1,408,056
Automobile Components 1.86%
Gentherm, Inc.*		41,058		1,976,943
Banks 15.08%
Axos Financial, Inc.*		51,476		2,853,315
Bancorp, Inc.*		60,201		2,627,172
First BanCorp		153,406		2,558,812
Prosperity Bancshares, Inc.		41,869		2,675,848
Seacoast Banking Corp. of Florida		99,629		2,446,888
Wintrust Financial Corp.		29,983		2,907,751
Total				16,069,786
Capital Markets 4.42%
Bridge Investment Group Holdings, Inc. Class A		235,317		2,301,400
Moelis & Co. Class A		43,838		2,409,775
Total				4,711,175
Chemicals 4.85%
Avient Corp.		71,207		2,578,406
Element Solutions, Inc.		116,745		2,595,241
Total				5,173,647
Commercial Services & Supplies 3.42%
Brady Corp. Class A		60,589		3,649,275
Construction Materials 1.83%
Eagle Materials, Inc.		8,625		1,951,665

Investments	Shares		Fair Value
Electronic Equipment, Instruments & Components 7.65%
Advanced Energy Industries, Inc.		23,918	$	2,491,777
Belden, Inc.		39,171		2,905,705
Mirion Technologies, Inc.*		291,944		2,758,871
Total				8,156,353
Energy Equipment & Services 2.74%
TechnipFMC PLC (United Kingdom)(a)		150,726		2,915,041
Financial Services 5.46%
Compass Diversified Holdings		144,630		3,194,876
International Money Express, Inc.*		127,548		2,627,489
Total				5,822,365
Health Care Providers & Services 4.94%
AMN Healthcare Services, Inc.*		30,708		2,272,699
Tenet Healthcare Corp.*		36,210		2,996,015
Total				5,268,714
Household Durables 1.55%
Taylor Morrison Home Corp.*		31,725		1,654,141
Information Technology Services 2.54%
Perficient, Inc.*		39,652		2,701,491
Insurance 7.89%
Kemper Corp.		70,609		4,236,540
RenaissanceRe Holdings Ltd.		9,713		2,222,626
White Mountains Insurance Group Ltd.		1,234		1,944,747
Total				8,403,913
Interactive Media & Services 1.93%
Cars.com, Inc.*		117,823		2,053,655

6 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

FOCUSED SMALL CAP VALUE FUND January 31, 2024

Investments	Shares		Fair Value
Leisure Products 4.55%
Malibu Boats, Inc. Class A*		56,191	$	2,345,974
YETI Holdings, Inc.*		56,991		2,505,895
Total				4,851,869
Machinery 2.58%
Columbus McKinnon Corp.		70,277		2,745,722
Media 1.78%
Criteo SA ADR*		73,161		1,897,065
Oil, Gas & Consumable Fuels 6.93%
MEG Energy Corp.*		110,102		2,081,738
Northern Oil & Gas, Inc.		62,594		2,096,899
Permian Resources Corp.		237,674		3,203,846
Total				7,382,483
Professional Services 4.63%
TrueBlue, Inc.*		107,591		1,482,604
WNS Holdings Ltd. ADR*		49,815		3,454,670
Total				4,937,274
Real Estate Management & Development 2.70%
Marcus & Millichap, Inc.		75,402		2,872,062
Semiconductors & Semiconductor Equipment 1.51%
FormFactor, Inc.*		41,450		1,607,017
Specialty Retail 3.75%
Academy Sports & Outdoors, Inc.		41,823		2,623,557
Boot Barn Holdings, Inc.*		19,094		1,369,803
Total				3,993,360
Tobacco 1.46%
Turning Point Brands, Inc.		63,920		1,552,617
Total Common Stocks (cost $95,662,538)				106,422,526

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.40%
Repurchase Agreements 0.40%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $435,600 of U.S. Treasury Note at 4.000% due 1/31/2031; value: $434,851; proceeds: $426,270 (cost $426,237)		$426,237	$	426,237
Total Investments in Securities 100.27% (cost $96,088,775)				106,848,763
Other Assets and Liabilities – Net (0.27)%				(283,574	)
Net Assets 100.00%			$	106,565,189

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	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, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	106,422,526	$	–	$	–	$	106,422,526
Short-Term Investments
Repurchase Agreements		–		426,237		–		426,237
Total	$	106,422,526	$	426,237	$	–	$	106,848,763

(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. 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, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.05%
COMMON STOCKS 99.05%
Aerospace & Defense 1.72%
Lockheed Martin Corp.		69,440	$	29,818,230
Air Freight & Logistics 0.99%
Expeditors International of Washington, Inc.		135,760		17,150,561
Banks 6.17%
JPMorgan Chase & Co.		389,940		67,989,938
Wells Fargo & Co.		772,010		38,739,462
Total				106,729,400
Beverages 1.55%
Carlsberg AS Class B		207,840		26,742,240
Biotechnology 3.16%
AbbVie, Inc.		230,910		37,961,604
Biogen, Inc.*		67,690		16,696,415
Total				54,658,019
Building Products 5.49%
Allegion PLC (Ireland)(a)		227,993		28,246,053
Builders FirstSource, Inc.*		186,820		32,456,239
Masco Corp.		508,750		34,233,787
Total				94,936,079
Capital Markets 6.93%
Ameriprise Financial, Inc.		57,100		22,087,993
Charles Schwab Corp.		588,453		37,025,463
KKR & Co., Inc.		415,910		36,009,488
Morgan Stanley		282,760		24,667,982
Total				119,790,926
Chemicals 1.47%
Dow, Inc.		472,980		25,351,728
Construction & Engineering 1.67%
EMCOR Group, Inc.		126,540		28,865,039

Investments	Shares		Fair Value
Construction Materials 1.73%
CRH PLC (Ireland)(a)		417,670	$	29,971,999
Consumer Finance 1.48%
American Express Co.		127,560		25,606,394
Consumer Staples Distribution & Retail 3.41%
BJ’s Wholesale Club Holdings, Inc.*		411,837		26,497,593
Target Corp.		233,019		32,408,282
Total				58,905,875
Electric: Utilities 2.93%
Entergy Corp.		170,364		16,995,513
FirstEnergy Corp.		464,737		17,046,553
NextEra Energy, Inc.		284,020		16,652,092
Total				50,694,158
Electronic Equipment, Instruments & Components 1.19%
Teledyne Technologies, Inc.*		49,270		20,618,017
Energy Equipment & Services 1.89%
Schlumberger NV		669,630		32,610,981
Financial Services 1.92%
Fiserv, Inc.*		234,650		33,289,796
Ground Transportation 1.78%
Norfolk Southern Corp.		130,750		30,757,630
Health Care Equipment & Supplies 1.11%
Becton Dickinson & Co.		80,590		19,245,698
Health Care Providers & Services 7.39%
Laboratory Corp. of America Holdings		136,410		30,323,943
McKesson Corp.		58,700		29,343,543
Molina Healthcare, Inc.*		93,871		33,459,379
UnitedHealth Group, Inc.		67,710		34,649,916
Total				127,776,781

See Notes to Schedule of Investments. 9

Schedule of Investments (unaudited)(continued)

FUNDAMENTAL EQUITY FUND January 31, 2024

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 1.08%
Caesars Entertainment, Inc.*		425,440	$	18,664,053
Household Products 1.00%
Procter & Gamble Co.		109,690		17,236,687
Industrial REITS 0.91%
Prologis, Inc.		123,920		15,699,425
Insurance 7.25%
Allstate Corp.		304,410		47,259,653
Arch Capital Group Ltd.*		308,080		25,395,034
Arthur J Gallagher & Co.		95,040		22,064,486
RenaissanceRe Holdings Ltd.		134,158		30,699,375
Total				125,418,548
Interactive Media & Services 2.65%
Alphabet, Inc. Class A*		327,080		45,823,908
Life Sciences Tools & Services 1.53%
Thermo Fisher Scientific, Inc.		49,170		26,501,647
Machinery 1.86%
Parker-Hannifin Corp.		69,270		32,175,915
Media 2.03%
Comcast Corp. Class A		752,580		35,025,073
Metals & Mining 0.99%
Reliance Steel & Aluminum Co.		59,980		17,119,492
Oil, Gas & Consumable Fuels 6.44%
Chesapeake Energy Corp.(b)		410,320		31,639,775
Pioneer Natural Resources Co.		164,680		37,848,405
Shell PLC ADR		665,010		41,835,779
Total				111,323,959

Investments	Shares		Fair Value
Real Estate Management & Development 1.41%
CBRE Group, Inc. Class A*		283,500	$	24,468,885
Residential REITS 0.92%
American Homes 4 Rent Class A		455,380		15,961,069
Semiconductors & Semiconductor Equipment 3.98%
KLA Corp.		30,390		18,052,876
Micron Technology, Inc.		263,470		22,592,552
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		250,300		28,273,888
Total				68,919,316
Software 4.11%
Adobe, Inc.*		46,770		28,893,571
Microsoft Corp.		106,130		42,195,165
Total				71,088,736
Specialty Retail 5.27%
AutoZone, Inc.*		6,360		17,567,147
Best Buy Co., Inc.		357,580		25,920,974
Lowe’s Cos., Inc.		95,080		20,236,827
Valvoline, Inc.*		751,720		27,430,263
Total				91,155,211
Technology Hardware, Storage & Peripherals 1.64%
NetApp, Inc.		326,250		28,449,000
Trading Companies & Distributors 2.00%
AerCap Holdings NV (Ireland)*(a)		452,410		34,636,510
Total Common Stocks (cost $1,242,621,858)				1,713,186,985

10 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FUNDAMENTAL EQUITY FUND January 31, 2024

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.16%
Repurchase Agreements 1.04%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $19,358,000 of U.S. Treasury Note at 1.500% due 8/15/2026; value: $18,234,592; proceeds: $17,878,354 (cost $17,876,963)	$	17,876,963	$	17,876,963

Investments	Shares		Fair Value
Money Market Funds 0.11%
Fidelity Government Portfolio(c) (cost $1,918,983)		1,918,983	$	1,918,983
Time Deposits 0.01%
CitiBank N.A.(c) (cost $213,220)		213,220		213,220
Total Short-Term Investments (cost $20,009,166)				20,009,166
Total Investments in Securities 100.21% (cost $1,262,631,024)				1,733,196,151
Other Assets and Liabilities – Net (0.21)%				(3,665,804	)
Net Assets 100.00%			$	1,729,530,347

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of this security is 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, 2024 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	$	–	$	26,742,240	$	–	$	26,742,240
Remaining Industries		1,686,444,745		–		–		1,686,444,745
Short-Term Investments
Repurchase Agreements		–		17,876,963		–		17,876,963
Money Market Funds		1,918,983		–		–		1,918,983
Time Deposits		–		213,220		–		213,220
Total	$	1,688,363,728	$	44,832,423	$	–	$	1,733,196,151

(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. 11

Schedule of Investments (unaudited)

GLOBAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.05%
COMMON STOCKS 96.05%
Australia 1.65%
Diversified REITS 0.79%
Charter Hall Group		20,043	$	156,329
Metals & Mining 0.86%
BHP Group Ltd.		5,503		168,359
Total Australia				324,688
Austria 1.48%
Banks
BAWAG Group AG†		5,657		291,259
Brazil 2.17%
Broadline Retail
MercadoLibre, Inc.*		249		426,241
Canada 1.85%
Consumer Staples Distribution & Retail
Alimentation Couche-Tard, Inc.		6,226		364,822
China 3.38%
Beverages 0.43%
Kweichow Moutai Co. Ltd. Class A		381		85,279
Broadline Retail 0.98%
PDD Holdings, Inc. ADR*		1,520		192,842
Gas Utilities 0.36%
ENN Energy Holdings Ltd.		9,415		70,084
Interactive Media & Services 0.87%
Tencent Holdings Ltd.		4,900		170,085

Investments	Shares		U.S. $ Fair Value
China (continued)
Marine Transportation 0.74%
SITC International Holdings Co. Ltd.		96,476	$	146,387
Total China				664,677
Denmark 2.17%
Biotechnology 0.25%
Genmab AS*		176		48,668
Pharmaceuticals 1.92%
Novo Nordisk AS Class B		3,308		378,119
Total Denmark				426,787
France 4.04%
Beverages 0.25%
Pernod Ricard SA		300		49,196
Capital Markets 1.12%
Amundi SA†		3,272		221,310
Life Sciences Tools & Services 0.12%
Sartorius Stedim Biotech		85		22,902
Oil, Gas & Consumable Fuels 0.82%
Gaztransport Et Technigaz SA		1,157		162,208
Personal Care Products 0.42%
L’Oreal SA		171		81,833
Professional Services 0.69%
Teleperformance SE		868		135,559
Textiles, Apparel & Luxury Goods 0.62%
LVMH Moet Hennessy Louis Vuitton SE		148		123,145
Total France				796,153

12 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Japan 4.39%
Electrical Equipment 0.68%
Fuji Electric Co. Ltd.		2,652	$	132,812
Entertainment 0.81%
Nintendo Co. Ltd.		2,835		158,394
Insurance 1.48%
Sompo Holdings, Inc.		5,635		292,183
Machinery 0.17%
Fujitec Co. Ltd.		1,342		34,242
Professional Services 1.25%
TechnoPro Holdings, Inc.		10,703		246,755
Total Japan				864,386
Mexico 1.98%
Banks
Grupo Financiero Banorte SAB de CV Class O		38,401		390,581
Netherlands 2.47%
Oil, Gas & Consumable Fuels 1.73%
Shell PLC		11,017		341,553
Semiconductors & Semiconductor Equipment 0.74%
ASML Holding NV		167		144,887
Total Netherlands				486,440
Peru 0.99%
Banks
Intercorp Financial Services, Inc.		8,304		194,729
Singapore 0.85%
Semiconductors & Semiconductor Equipment
STMicroelectronics NV		3,797		166,717

Investments	Shares		U.S. $ Fair Value
South Korea 1.40%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		5,066	$	275,270
Spain 0.97%
Electric: Utilities
Iberdrola SA		15,599		187,827
Iberdrola SA*		269		3,248
				191,075
Taiwan 2.08%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd.		20,457		409,518
United Kingdom 7.16%
Broadline Retail 2.77%
B&M European Value Retail SA		39,557		259,245
Next PLC		2,679		286,001
				545,246
Capital Markets 0.36%
London Stock Exchange Group PLC		629		71,149
Household Durables 0.88%
Persimmon PLC		9,428		173,646
Personal Care Products 0.87%
Unilever PLC		3,495		170,067
Tobacco 1.58%
Imperial Brands PLC		12,948		310,818
Trading Companies & Distributors 0.70%
Ashtead Group PLC		2,105		137,650
Total United Kingdom				1,408,576

See Notes to Schedule of Investments. 13

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United States 57.02%
Aerospace & Defense 0.47%
TransDigm Group, Inc.		85	$	92,878
Air Freight & Logistics 0.28%
Expeditors International of Washington, Inc.		432		54,575
Automobiles 1.41%
General Motors Co.		7,174		278,351
Banks 2.96%
East West Bancorp, Inc.		3,043		221,561
JPMorgan Chase & Co.		2,070		360,925
				582,486
Biotechnology 2.62%
AbbVie, Inc.		1,221		200,732
Vertex Pharmaceuticals, Inc.*		726		314,634
				515,366
Broadline Retail 1.66%
Amazon.com, Inc.*		2,107		327,006
Building Products 2.62%
Allegion PLC		1,686		208,878
Builders FirstSource, Inc.*		1,760		305,765
				514,643
Capital Markets 3.64%
Ameriprise Financial, Inc.		545		210,822
Cboe Global Markets, Inc.		1,532		281,658
Evercore, Inc. Class A		1,300		223,249
				715,729
Construction Materials 1.18%
CRH PLC		2,272		161,179
CRH PLC		981		70,397
				231,576

Investments	Shares		U.S. $ Fair Value
United States (continued)
Consumer Staples Distribution & Retail 0.16%
BJ’s Wholesale Club Holdings, Inc.*		493	$	31,720
Entertainment 1.42%
Netflix, Inc.*		497		280,363
Financial Services 2.64%
Visa, Inc. Class A		1,904		520,287
Ground Transportation 0.35%
Norfolk Southern Corp.		289		67,984
Health Care Equipment & Supplies 0.69%
Dexcom, Inc.*		640		77,664
Intuitive Surgical, Inc.*		155		58,624
				136,288
Health Care Providers & Services 3.75%
Cigna Group		611		183,880
Molina Healthcare, Inc.*		510		181,784
UnitedHealth Group, Inc.		729		373,059
				738,723
Household Durables 1.71%
Helen of Troy Ltd.*		1,427		163,391
PulteGroup, Inc.		1,651		172,629
				336,020
Industrial REITS 0.35%
Prologis, Inc.		550		69,679
Information Technology Services 0.94%
Accenture PLC Class A		510		185,579
Interactive Media & Services 7.59%
Alphabet, Inc. Class A*		5,845		818,884
Meta Platforms, Inc. Class A*		1,729		674,552
				1,493,436

14 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United States (continued)
Life Sciences Tools & Services 0.46%
Thermo Fisher Scientific, Inc.		167	$	90,010
Machinery 0.95%
Crane Co.		683		84,767
Parker-Hannifin Corp.		221		102,655
				187,422
Oil, Gas & Consumable Fuels 1.25%
Marathon Petroleum Corp.		1,481		245,254
Professional Services 0.78%
Verra Mobility Corp.*		6,426		153,646
Semiconductors & Semiconductor Equipment 5.59%
Broadcom, Inc.		199		234,820
KLA Corp.		357		212,072
NVIDIA Corp.		1,061		652,802
				1,099,694
Software 7.75%
Adobe, Inc.*		547		337,926
Cadence Design Systems, Inc.*		488		140,768
Microsoft Corp.		2,305		916,422
PowerSchool Holdings, Inc. Class A*		5,528		130,129
				1,525,245
Specialty Retail 1.58%
Academy Sports & Outdoors, Inc.		3,330		208,891
Lowe’s Cos., Inc.		482		102,589
				311,480
Technology Hardware, Storage & Peripherals 1.35%
Apple, Inc.		1,440		265,536
Trading Companies & Distributors 0.87%
Core & Main, Inc. Class A*		4,141		171,065
Total United States				11,222,041
Total Common Stocks (cost $15,064,892)				18,903,960

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 3.31%
Repurchase Agreements 3.31%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $666,000 of U.S. Treasury Note at 4.000% due 1/31/2031; value: $664,855; proceeds: $651,781 (cost $651,730)	$	651,730	$	651,730
Total Investments in Securities 99.36% (cost $15,716,622)				19,555,690
Other Assets and Liabilities – Net 0.64%				126,307
Net Assets 100.00%			$	19,681,997

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
†	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, 2024, the total value of Rule 144A securities was $512,569, which represents 2.60% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 15

Schedule of Investments (unaudited)(concluded)

GLOBAL EQUITY FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	–	$	324,688	$	–	$	324,688
Austria		–		291,259		–		291,259
China		192,842		471,835		–		664,677
Denmark		–		426,787		–		426,787
France		–		796,153		–		796,153
Japan		–		864,386		–		864,386
Netherlands		–		486,440		–		486,440
Singapore		–		166,717		–		166,717
South Korea		–		275,270		–		275,270
Spain		–		191,075		–		191,075
Taiwan		–		409,518		–		409,518
United Kingdom		–		1,408,576		–		1,408,576
United States		11,060,862		161,179		–		11,222,041
Remaining Industries		1,376,373		–		–		1,376,373
Short-Term Investments
Repurchase Agreements		–		651,730		–		651,730
Total	$	12,630,077	$	6,925,613	$	–	$	19,555,690

(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. Countries 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, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.64%
COMMON STOCKS 98.64%
Aerospace & Defense 2.54%
Axon Enterprise, Inc.*		313,139	$	77,990,399
TransDigm Group, Inc.		63,122		68,972,147
Total				146,962,546
Biotechnology 4.13%
Blueprint Medicines Corp.*		649,230		51,633,262
Bridgebio Pharma, Inc.*		1,429,666		49,023,247
Neurocrine Biosciences, Inc.*		317,963		44,441,689
Regeneron Pharmaceuticals, Inc.*		44,985		42,410,958
Vertex Pharmaceuticals, Inc.*		117,414		50,884,879
Total				238,394,035
Broadline Retail 8.75%
Amazon.com, Inc.*		1,771,525		274,940,680
MercadoLibre, Inc. (Uruguay)*(a)		99,159		169,741,368
PDD Holdings, Inc. ADR*		478,285		60,680,018
Total				505,362,066
Capital Markets 0.93%
Blackstone, Inc.		433,095		53,898,673
Commercial Services & Supplies 0.67%
Copart, Inc.*		810,268		38,925,275
Communications Equipment 2.98%
Arista Networks, Inc.*		665,349		172,112,479
Diversified Consumer Services 0.07%
Duolingo, Inc.*		22,346		3,997,476
Entertainment 4.20%
Netflix, Inc.*		261,746		147,653,536
Spotify Technology SA (Sweden)*(a)		441,112		94,993,469
Total				242,647,005

Investments	Shares		Fair Value
Financial Services 2.76%
Apollo Global Management, Inc.		457,668	$	45,949,867
Mastercard, Inc. Class A		126,132		56,662,278
Visa, Inc. Class A		207,067		56,583,129
Total				159,195,274
Ground Transportation 3.39%
Saia, Inc.*		171,765		77,393,874
Uber Technologies, Inc.*		1,813,579		118,372,301
Total				195,766,175
Health Care Equipment & Supplies 2.90%
Glaukos Corp.*		474,413		42,236,989
Intuitive Surgical, Inc.*		330,881		125,145,812
Total				167,382,801
Hotels, Restaurants & Leisure 4.95%
Booking Holdings, Inc.*		26,098		91,537,952
DoorDash, Inc. Class A*		867,655		90,409,651
DraftKings, Inc. Class A*		2,655,821		103,709,810
Total				285,657,413
Information Technology Services 5.58%
MongoDB, Inc.*		240,750		96,425,190
Shopify, Inc. Class A (Canada)*(a)		2,131,702		170,685,379
Snowflake, Inc. Class A*		281,105		54,995,382
Total				322,105,951
Interactive Media & Services 5.95%
Alphabet, Inc. Class A*		1,184,326		165,924,073
Meta Platforms, Inc. Class A*		454,881		177,467,273
Total				343,391,346
Machinery 0.87%
Parker-Hannifin Corp.		107,919		50,128,376
Pharmaceuticals 2.14%
Eli Lilly & Co.		191,555		123,669,824

See Notes to Schedule of Investments. 17

Schedule of Investments (unaudited)(continued)

GROWTH LEADERS FUND January 31, 2024

Investments	Shares		Fair Value
Semiconductors & Semiconductor Equipment 18.70%
Advanced Micro Devices, Inc.*		835,735	$	140,144,402
Applied Materials, Inc.		640,236		105,190,775
KLA Corp.		92,812		55,134,041
Monolithic Power Systems, Inc.		140,337		84,583,917
NVIDIA Corp.		1,036,086		637,472,633
Rambus, Inc.*		841,240		57,650,177
Total				1,080,175,945
Software 22.40%
Adobe, Inc.*		160,342		99,056,081
Cadence Design Systems, Inc.*		312,706		90,203,173
Crowdstrike Holdings, Inc. Class A*		271,968		79,550,640
CyberArk Software Ltd. (Israel)*(a)		187,338		43,739,676
Datadog, Inc. Class A*		794,790		98,903,668
Dynatrace, Inc.*		1,492,650		85,081,050
Elastic NV*		355,431		41,606,753
HubSpot, Inc.*		144,329		88,185,019
Microsoft Corp.		897,401		356,788,689
Palo Alto Networks, Inc.*		382,551		129,497,339
ServiceNow, Inc.*		137,753		105,436,146
Synopsys, Inc.*		141,521		75,480,225
Total				1,293,528,459
Technology Hardware, Storage & Peripherals 2.24%
Apple, Inc.		701,486		129,354,018
Textiles, Apparel & Luxury Goods 2.49%
Deckers Outdoor Corp.*		85,438		64,397,184
Lululemon Athletica, Inc. (Canada)*(a)		174,942		79,392,178
Total				143,789,362
Total Common Stocks (cost $3,928,217,156)				5,696,444,499

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.31%
Repurchase Agreements 1.31%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $1,631,300 of U.S. Treasury Note at 4.375% due 8/15/2026; $79,930,300 of U.S. Treasury Note at 1.500% due 8/15/2026; value: $76,961,875; proceeds: $75,458,620 (cost $75,452,752)	$	75,452,752	$	75,452,752
Total Investments in Securities 99.95% (cost $4,003,669,908)				5,771,897,251
Other Assets and Liabilities – Net 0.05%				3,048,944
Net Assets 100.00%			$	5,774,946,195

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

18 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

GROWTH LEADERS FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	5,696,444,499	$	–	$	–	$	5,696,444,499
Short-Term Investments
Repurchase Agreements		–		75,452,752		–		75,452,752
Total	$	5,696,444,499	$	75,452,752	$	–	$	5,771,897,251

(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. 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, 2024

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.93%
COMMON STOCKS 97.93%
Canada 1.97%
Biotechnology
Fusion Pharmaceuticals, Inc.*		4,645	$	53,975
Xenon Pharmaceuticals, Inc.*		2,416		109,252
				163,227
Denmark 6.87%
Biotechnology 0.73%
Ascendis Pharma AS ADR*		467		60,678
Pharmaceuticals 6.14%
Novo Nordisk AS Class B		4,446		508,197
Total Denmark				568,875
France 1.21%
Life Sciences Tools & Services
Sartorius Stedim Biotech		372		100,231
Germany 3.32%
Health Care Equipment & Supplies 1.55%
Siemens Healthineers AG†		2,312		128,665
Life Sciences Tools & Services 1.77%
Gerresheimer AG		741		75,544
Schott Pharma AG & Co. KGaA*		1,819		70,769
				146,313
Total Germany				274,978
Italy 1.37%
Life Sciences Tools & Services
Stevanato Group SpA		3,564		113,121

Investments	Shares		U.S. $ Fair Value
Japan 2.58%
Pharmaceuticals
Daiichi Sankyo Co. Ltd.		3,666	$	109,756
Eisai Co. Ltd.		2,208		103,972
				213,728
Netherlands 1.05%
Biotechnology
Argenx SE*		230		86,855
Sweden 0.75%
Biotechnology
Swedish Orphan Biovitrum AB*		2,216		62,199
United Kingdom 3.43%
Health Care Equipment & Supplies 0.73%
ConvaTec Group PLC†		20,022		60,934
Pharmaceuticals 2.70%
AstraZeneca PLC		1,686		223,525
Total United Kingdom				284,459
United States 75.38%
Biotechnology 25.31%
Apellis Pharmaceuticals, Inc.*		961		60,822
Arcellx, Inc.*		2,421		149,715
Blueprint Medicines Corp.*		1,913		152,141
Bridgebio Pharma, Inc.*		3,621		124,164
Crinetics Pharmaceuticals, Inc.*		2,388		87,114
Disc Medicine, Inc.*		1,001		65,816
Exact Sciences Corp.*		1,041		68,081
Immunovant, Inc.*		1,597		58,147
Krystal Biotech, Inc.*		1,195		132,944
Madrigal Pharmaceuticals, Inc.*		177		38,358
MoonLake Immunotherapeutics*		1,328		74,209

20 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United States (continued)
Biotechnology (continued)
Natera, Inc.*		2,138	$	140,980
Neurocrine Biosciences, Inc.*		1,268		177,228
Nuvalent, Inc. Class A*		970		72,915
Regeneron Pharmaceuticals, Inc.*		193		181,956
Rhythm Pharmaceuticals, Inc.*		1,868		82,397
SpringWorks Therapeutics, Inc.*		2,044		90,202
Vaxcyte, Inc.*		917		65,492
Vera Therapeutics, Inc.*		1,368		49,822
Veracyte, Inc.*		2,428		60,748
Vertex Pharmaceuticals, Inc.*		376		162,951
				2,096,202
Health Care Equipment & Supplies 27.19%
Boston Scientific Corp.*		2,893		183,011
Cooper Cos., Inc.		273		101,837
CVRx, Inc.*		4,369		109,749
Dexcom, Inc.*		1,613		195,738
Glaukos Corp.*		1,655		147,345
IDEXX Laboratories, Inc.*		200		103,016
Inspire Medical Systems, Inc.*		350		73,804
Insulet Corp.*		479		91,427
Intuitive Surgical, Inc.*		777		293,877
iRhythm Technologies, Inc.*		1,036		124,092
Penumbra, Inc.*		251		63,300
PROCEPT BioRobotics Corp.*		1,529		70,793
Pulmonx Corp.*		4,645		61,686
RxSight, Inc.*		2,979		135,574
Shockwave Medical, Inc.*		462		104,527
Stryker Corp.		661		221,752
TransMedics Group, Inc.*		1,991		170,768
				2,252,296

Investments	Shares		U.S. $ Fair Value
United States (continued)
Health Care Providers & Services 5.22%
Cencora, Inc.		566	$	131,697
Laboratory Corp. of America Holdings		250		55,575
Molina Healthcare, Inc.*		108		38,496
UnitedHealth Group, Inc.		403		206,231
				431,999
Life Sciences Tools & Services 5.79%
10X Genomics, Inc. Class A*		978		40,753
Bio-Techne Corp.		792		55,693
Danaher Corp.		545		130,751
Quanterix Corp.*		4,593		101,459
Thermo Fisher Scientific, Inc.		123		66,295
West Pharmaceutical Services, Inc.		227		84,678
				479,629
Pharmaceuticals 11.87%
Cymabay Therapeutics, Inc.*		5,306		124,744
Eli Lilly & Co.		933		602,354
Evolus, Inc.*		1,625		20,621
Intra-Cellular Therapies, Inc.*		1,019		68,620
Longboard Pharmaceuticals, Inc.*		3,452		73,321
Merck & Co., Inc.		771		93,121
				982,781
Total United States				6,242,907
Total Common Stocks (cost $6,583,428)				8,110,580

See Notes to Schedule of Investments. 21

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND January 31, 2024

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 1.70%
Repurchase Agreements 1.70%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $143,700 of U.S. Treasury Note at 4.000% due 1/31/2031; value: $143,453; proceeds:$140,585 (cost $140,574)	$	140,574	$	140,574
Total Investments in Securities 99.63% (cost $6,724,002)				8,251,154
Other Assets and Liabilities – Net 0.37%				30,496
Net Assets 100.00%			$	8,281,650

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, 2024, the total value of Rule 144A securities was $189,599, which represents 2.29% of net assets.

22 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

HEALTH CARE FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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
Denmark	$	60,678	$	508,197	$	–	$	568,875
France		–		100,231		–		100,231
Germany		70,769		204,209		–		274,978
Japan		–		213,728		–		213,728
Netherlands		–		86,855		–		86,855
Sweden		–		62,199		–		62,199
United Kingdom		–		284,459		–		284,459
Remaining Industries		6,519,255		–		–		6,519,255
Short-Term Investments
Repurchase Agreements		–		140,574		–		140,574
Total	$	6,650,702	$	1,600,452	$	–	$	8,251,154

(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. Countries 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, 2024

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.98%
COMMON STOCKS 97.98%
Australia 2.19%
Industrial REITS 0.53%
Goodman Group		100,648	$	1,670,673
Metals & Mining 1.66%
BHP Group Ltd.		172,160		5,267,065
Total Australia				6,937,738
Austria 0.74%
Banks
Erste Group Bank AG		54,230		2,336,142
Belgium 0.49%
Industrial REITS
Warehouses De Pauw CVA		53,000		1,550,629
Brazil 1.05%
Broadline Retail
MercadoLibre, Inc.*		1,937		3,315,776
Canada 4.29%
Banks 0.93%
Royal Bank of Canada		30,100		2,937,574
Consumer Staples Distribution & Retail 1.13%
Alimentation Couche-Tard, Inc.		61,200		3,586,103
Ground Transportation 0.96%
Canadian Pacific Kansas City Ltd.		37,923		3,051,723
Metals & Mining 0.71%
Teck Resources Ltd. Class B		56,159		2,246,921

Investments	Shares		U.S. $ Fair Value
Canada (continued)
Oil, Gas & Consumable Fuels 0.56%
Imperial Oil Ltd.		30,900	$	1,782,361
Total Canada				13,604,682
China 2.45%
Automobiles 0.54%
BYD Co. Ltd. Class H		77,324		1,731,297
Beverages 0.54%
Kweichow Moutai Co. Ltd. Class A		7,600		1,701,095
Broadline Retail 0.78%
PDD Holdings, Inc. ADR*		19,455		2,468,256
Interactive Media & Services 0.59%
Tencent Holdings Ltd.		53,747		1,865,628
Total China				7,766,276
Denmark 3.86%
Banks 0.69%
Danske Bank AS		81,134		2,178,566
Pharmaceuticals 3.17%
Novo Nordisk AS Class B		87,852		10,041,869
Total Denmark				12,220,435
France 10.20%
Aerospace & Defense 1.06%
Airbus SE		21,106		3,361,887
Building Products 1.15%
Cie de Saint-Gobain SA		51,769		3,660,406
Chemicals 0.49%
Arkema SA		14,255		1,551,414
Hotels, Restaurants & Leisure 0.82%
Accor SA		66,007		2,606,847

24 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
France (continued)
Insurance 1.08%
AXA SA		102,105	$	3,427,186
Oil, Gas & Consumable Fuels 1.55%
TotalEnergies SE		75,651		4,907,903
Personal Care Products 1.62%
L’Oreal SA		10,700		5,120,528
Textiles, Apparel & Luxury Goods 2.43%
Hermes International SCA		1,040		2,194,046
LVMH Moet Hennessy Louis Vuitton SE		6,600		5,491,586
				7,685,632
Total France				32,321,803
Germany 7.49%
Automobiles 0.62%
Bayerische Motoren Werke AG		18,959		1,972,743
Diversified Telecommunication Services 1.30%
Deutsche Telekom AG		167,446		4,110,432
Insurance 2.22%
Allianz SE Registered Shares		13,093		3,498,135
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		8,330		3,546,238
				7,044,373
Life Sciences Tools & Services 0.79%
Schott Pharma AG & Co. KGaA*		64,135		2,495,186
Real Estate Management & Development 0.62%
Vonovia SE		62,403		1,944,000

Investments	Shares		U.S. $ Fair Value
Germany (continued)
Software 1.94%
SAP SE		35,530	$	6,155,451
Total Germany				23,722,185
Greece 0.89%
Banks
National Bank of Greece SA*		370,806		2,819,268
Hong Kong 0.52%
Machinery
Techtronic Industries Co. Ltd.		155,500		1,651,582
India 4.41%
Banks 1.51%
Federal Bank Ltd.		870,122		1,543,295
ICICI Bank Ltd. ADR		132,987		3,244,883
				4,788,178
Information Technology Services 0.90%
Tata Consultancy Services Ltd.		61,970		2,846,350
Oil, Gas & Consumable Fuels 0.98%
Reliance Industries Ltd.		89,797		3,085,111
Wireless Telecommunication Services 1.02%
Bharti Airtel Ltd.		229,808		3,241,792
Total India				13,961,431
Indonesia 0.86%
Banks
Bank Negara Indonesia Persero Tbk. PT		7,470,200		2,717,774
Italy 2.82%
Banks 1.28%
UniCredit SpA		138,146		4,046,581

See Notes to Schedule of Investments. 25

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Italy (continued)
Electric: Utilities 1.03%
Enel SpA		478,358	$	3,264,016
Life Sciences Tools & Services 0.51%
Stevanato Group SpA		51,043		1,620,105
Total Italy				8,930,702
Japan 19.51%
Automobile Components 0.51%
Denso Corp.		103,100		1,619,500
Automobiles 1.55%
Toyota Motor Corp.		245,100		4,894,111
Banks 1.46%
Sumitomo Mitsui Financial Group, Inc.		88,907		4,624,351
Beverages 0.88%
Asahi Group Holdings Ltd.		74,557		2,771,130
Broadline Retail 0.71%
Pan Pacific International Holdings Corp.		104,669		2,262,576
Chemicals 0.51%
Shin-Etsu Chemical Co. Ltd.		41,100		1,617,786
Electronic Equipment, Instruments & Components 1.33%
Ibiden Co. Ltd.		21,200		1,066,783
Murata Manufacturing Co. Ltd.		156,444		3,158,936
				4,225,719
Entertainment 0.84%
Nintendo Co. Ltd.		47,700		2,665,041
Health Care Equipment & Supplies 0.94%
Hoya Corp.		23,500		2,985,183

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Household Durables 1.10%
Sony Group Corp.		35,400	$	3,471,618
Industrial Conglomerates 1.90%
Hitachi Ltd.		76,400		6,001,247
Information Technology Services 0.51%
Fujitsu Ltd.		11,600		1,605,605
Insurance 0.88%
Sompo Holdings, Inc.		53,900		2,794,793
Machinery 0.95%
Ebara Corp.		48,170		3,016,747
Professional Services 0.53%
TechnoPro Holdings, Inc.		73,400		1,692,223
Real Estate Management & Development 0.72%
Mitsubishi Estate Co. Ltd.		165,391		2,291,643
Semiconductors & Semiconductor Equipment 1.96%
Disco Corp.		7,800		2,104,744
Tokyo Electron Ltd.		22,100		4,101,151
				6,205,895
Trading Companies & Distributors 2.23%
ITOCHU Corp.		97,356		4,418,415
Mitsubishi Corp.		153,174		2,639,945
				7,058,360
Total Japan				61,803,528
Mexico 2.10%
Banks 1.33%
Grupo Financiero Banorte SAB de CV Class O		412,517		4,195,754

26 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Mexico (continued)
Real Estate Management & Development 0.77%
Corp. Inmobiliaria Vesta SAB de CV ADR		64,425	$	2,442,996
Total Mexico				6,638,750
Netherlands 5.43%
Oil, Gas & Consumable Fuels 2.22%
Shell PLC		226,827		7,032,160
Semiconductors & Semiconductor Equipment 3.21%
ASM International NV		4,368		2,420,892
ASML Holding NV		8,943		7,758,839
				10,179,731
Total Netherlands				17,211,891
Peru 0.64%
Banks
Credicorp Ltd.		13,741		2,039,576
Philippines 0.67%
Banks
BDO Unibank, Inc.		819,200		2,108,856
Singapore 0.50%
Banks
United Overseas Bank Ltd.		75,600		1,593,537
South Korea 1.85%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		107,603		5,846,806
Spain 1.10%
Specialty Retail
Industria de Diseno Textil SA		81,625		3,490,070

Investments	Shares		U.S. $ Fair Value
Sweden 1.40%
Machinery
Atlas Copco AB Class A		278,809	$	4,449,628
Switzerland 3.64%
Capital Markets 0.51%
UBS Group AG Registered Shares		54,131		1,620,282
Health Care Equipment & Supplies 0.56%
Alcon, Inc.		23,637		1,779,275
Life Sciences Tools & Services 0.65%
Lonza Group AG Registered Shares		4,205		2,055,849
Machinery 0.73%
VAT Group AG†		4,964		2,310,885
Pharmaceuticals 1.19%
Novartis AG Registered Shares		36,545		3,779,254
Total Switzerland				11,545,545
Taiwan 4.73%
Electronic Equipment, Instruments & Components 0.49%
Unimicron Technology Corp.		279,000		1,565,267
Semiconductors & Semiconductor Equipment 4.24%
MediaTek, Inc.		55,492		1,712,351
Realtek Semiconductor Corp.		121,000		1,810,813
Taiwan Semiconductor Manufacturing Co. Ltd.		494,714		9,903,428
				13,426,592
Total Taiwan				14,991,859

See Notes to Schedule of Investments. 27

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United Kingdom 5.83%
Banks 1.09%
HSBC Holdings PLC		444,177	$	3,468,002
Capital Markets 0.36%
London Stock Exchange Group PLC		10,000		1,131,140
Electric: Utilities 0.85%
SSE PLC		126,876		2,702,197
Household Durables 0.57%
Persimmon PLC		97,270		1,791,529
Personal Care Products 0.64%
Unilever PLC		41,472		2,018,036
Pharmaceuticals 1.57%
AstraZeneca PLC		37,449		4,964,870
Trading Companies & Distributors 0.75%
Ashtead Group PLC		36,405		2,380,592
Total United Kingdom				18,456,366
United States 8.32%
Construction Materials 1.77%
CRH PLC		79,190		5,617,867
Electrical Equipment 1.85%
Schneider Electric SE		29,844		5,862,854
Food Products 0.76%
Nestle SA Registered Shares		21,000		2,392,961
Interactive Media & Services 0.81%
Meta Platforms, Inc. Class A*		6,553		2,556,587
Pharmaceuticals 2.27%
Eli Lilly & Co.		6,100		3,938,221
Sanofi SA		32,610		3,265,746
				7,203,967

Investments	Shares		U.S. $ Fair Value
United States (continued)
Semiconductors & Semiconductor Equipment 0.86%
NVIDIA Corp.		4,423	$	2,721,339
Total United States				26,355,575
Total Common Stocks (cost $253,358,896)				310,388,410
		Principal Amount
SHORT-TERM INVESTMENTS 1.47%
Repurchase Agreements 1.47%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $4,647,200 of U.S. Treasury Note at 4.375% due 8/15/2026; value: $4,757,997; proceeds: $4,665,048 (cost $4,664,685)	$	4,664,685		4,664,685
Total Investments in Securities 99.45% (cost $258,023,581)				315,053,095
Other Assets and Liabilities – Net 0.55%				1,751,856
Net Assets 100.00%			$	316,804,951

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
*	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, 2024, the total value of Rule 144A securities was $2,310,885, which represents 0.73% of net assets.

28 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL EQUITY FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	3,315,776	$	–	$	–	$	3,315,776
Canada		13,604,682		–		–		13,604,682
China		2,468,256		5,298,020		–		7,766,276
Germany		2,495,186		21,226,999		–		23,722,185
India		3,244,883		10,716,548		–		13,961,431
Italy		1,620,105		7,310,597		–		8,930,702
Mexico		6,638,750		–		–		6,638,750
Peru		2,039,576		–		–		2,039,576
United States		9,216,147		17,139,428		–		26,355,575
Remaining Industries		–		204,053,457		–		204,053,457
Short-Term Investments
Repurchase Agreements		–		4,664,685		–		4,664,685
Total	$	44,643,361	$	270,409,734	$	–	$	315,053,095

(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. Countries 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. 29

Schedule of Investments (unaudited)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.52%
COMMON STOCKS 96.52%
Australia 1.96%
Automobile Components 1.03%
GUD Holdings Ltd.		418,516	$	3,322,010
Professional Services 0.93%
IPH Ltd.		673,677		2,997,887
Total Australia				6,319,897
Austria 3.16%
Banks 1.14%
BAWAG Group AG†		71,376		3,674,904
Machinery 2.02%
ANDRITZ AG		105,891		6,518,911
Total Austria				10,193,815
Belgium 1.60%
Health Care REITS 0.60%
Aedifica SA		29,912		1,949,194
Industrial REITS 1.00%
Warehouses De Pauw CVA		109,956		3,216,999
Total Belgium				5,166,193
Canada 6.71%
Gas Utilities 0.70%
Brookfield Infrastructure Corp. Class A		64,589		2,264,182
Metals & Mining 1.92%
Alamos Gold, Inc. Class A		306,529		3,711,772
Capstone Copper Corp.*		501,400		2,468,867
				6,180,639
Oil, Gas & Consumable Fuels 1.16%
MEG Energy Corp.*		198,600		3,755,002

Investments	Shares		U.S. $ Fair Value
Canada (continued)
Paper & Forest Products 0.82%
Interfor Corp.*		170,548	$	2,638,550
Real Estate Management & Development 1.34%
Tricon Residential, Inc.		393,400		4,330,633
Retail REITS 0.77%
First Capital Real Estate Investment Trust		211,200		2,483,597
Total Canada				21,652,603
China 0.42%
Marine Transportation
SITC International Holdings Co. Ltd.		897,000		1,361,057
Egypt 0.49%
Oil, Gas & Consumable Fuels
Energean PLC		130,956		1,573,505
France 3.64%
Construction Materials 1.00%
Vicat SACA		82,844		3,223,092
Oil, Gas & Consumable Fuels 1.08%
Gaztransport Et Technigaz SA		24,813		3,478,722
Personal Care Products 0.99%
Interparfums SA		60,651		3,209,061
Software 0.57%
Esker SA		10,875		1,826,230
Total France				11,737,105
Germany 7.17%
Aerospace & Defense 0.76%
Montana Aerospace AG†*		124,834		2,437,690

30 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Germany (continued)
Life Sciences Tools & Services 1.46%
Gerresheimer AG		46,367	$	4,727,067
Media 1.39%
Stroeer SE & Co. KGaA		76,136		4,470,103
Real Estate Management & Development 1.04%
TAG Immobilien AG*		239,508		3,352,353
Semiconductors & Semiconductor Equipment 0.97%
AIXTRON SE		43,969		1,636,448
Siltronic AG		16,045		1,508,041
				3,144,489
Wireless Telecommunication Services 1.55%
Freenet AG		181,579		5,017,516
Total Germany				23,149,218
Iceland 0.62%
Machinery
Marel Hf.†		537,909		1,982,296
India 1.44%
Banks 0.68%
Federal Bank Ltd.		1,235,135		2,190,702
Commercial Services & Supplies 0.76%
CMS Info Systems Ltd.		533,241		2,470,191
Total India				4,660,893
Indonesia 1.88%
Banks 1.07%
Bank Tabungan Negara Persero Tbk. PT		41,619,000		3,439,332
Real Estate Management & Development 0.81%
Pakuwon Jati Tbk. PT		98,687,500		2,626,230
Total Indonesia				6,065,562

Investments	Shares		U.S. $ Fair Value
Ireland 1.18%
Hotels, Restaurants & Leisure
Dalata Hotel Group PLC		735,428	$	3,818,904
Israel 1.10%
Capital Markets
Tel Aviv Stock Exchange Ltd.		574,657		3,560,344
Italy 2.94%
Construction Materials 0.40%
Buzzi SpA		37,710		1,281,763
Financial Services 1.12%
Banca Mediolanum SpA		354,335		3,626,167
Textiles, Apparel & Luxury Goods 1.42%
Brunello Cucinelli SpA		46,149		4,575,067
Total Italy				9,482,997
Japan 27.17%
Banks 0.88%
Shizuoka Financial Group, Inc.		312,600		2,857,165
Beverages 1.09%
Coca-Cola Bottlers Japan Holdings, Inc.		258,400		3,507,009
Building Products 1.53%
Sanwa Holdings Corp.		322,200		4,924,562
Chemicals 2.54%
Aica Kogyo Co. Ltd.		148,200		3,433,939
Kansai Paint Co. Ltd.		284,900		4,763,475
				8,197,414
Construction & Engineering 1.06%
SHO-BOND Holdings Co. Ltd.		76,800		3,420,712

See Notes to Schedule of Investments. 31

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Distributors 1.79%
PALTAC Corp.		189,730	$	5,776,410
Food Products 1.62%
Nichirei Corp.		216,500		5,229,056
Hotels, Restaurants & Leisure 1.20%
Saizeriya Co. Ltd.		112,600		3,865,478
Industrial REITS 0.46%
GLP J-REIT		1,655		1,477,639
Information Technology Services 3.80%
NS Solutions Corp.		158,588		5,289,370
Simplex Holdings, Inc.		252,100		4,594,896
Zuken, Inc.		87,800		2,399,800
				12,284,066
Machinery 3.20%
DMG Mori Co. Ltd.		178,200		3,568,200
Fujitec Co. Ltd.		106,900		2,727,601
OSG Corp.		297,300		4,045,752
				10,341,553
Media 0.64%
Kadokawa Corp.		97,800		2,069,195
Professional Services 0.84%
TechnoPro Holdings, Inc.		118,200		2,725,079
Semiconductors & Semiconductor Equipment 1.84%
Ferrotec Holdings Corp.		107,200		2,067,499
Kokusai Electric Corp.*		152,015		3,886,009
				5,953,508
Software 2.89%
Money Forward, Inc.*		107,400		4,192,037
OBIC Business Consultants Co. Ltd.		106,100		5,131,023
				9,323,060

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Wireless Telecommunication Services 1.79%
Okinawa Cellular Telephone Co.		237,200	$	5,779,981
Total Japan				87,731,887
Mexico 3.06%
Capital Markets 0.67%
Bolsa Mexicana de Valores SAB de CV		1,063,700		2,155,025
Consumer Finance 0.84%
Gentera SAB de CV		2,002,820		2,724,110
Real Estate Management & Development 1.55%
Corp. Inmobiliaria Vesta SAB de CV		655,800		2,493,804
Corp. Inmobiliaria Vesta SAB de CV ADR		65,866		2,497,639
				4,991,443
Total Mexico				9,870,578
Netherlands 0.52%
Semiconductors & Semiconductor Equipment
BE Semiconductor Industries NV		11,127		1,672,146
New Zealand 1.00%
Passenger Airlines
Air New Zealand Ltd.		8,339,526		3,236,935
Peru 0.65%
Banks
Intercorp Financial Services, Inc.		89,356		2,095,398
Portugal 1.57%
Multi-Utilities
REN - Redes Energeticas Nacionais SGPS SA		2,064,820		5,073,216

32 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
South Korea 1.88%
Chemicals 1.06%
Soulbrain Co. Ltd.*		16,998	$	3,427,456
Semiconductors & Semiconductor Equipment 0.82%
WONIK IPS Co. Ltd.*		116,798		2,640,555
Total South Korea				6,068,011
Spain 3.49%
Banks 1.04%
Banco de Sabadell SA		2,588,013		3,359,076
Containers & Packaging 1.48%
Vidrala SA		47,557		4,766,657
Professional Services 0.97%
Applus Services SA		260,637		3,151,892
Total Spain				11,277,625
Sweden 2.11%
Automobile Components 0.52%
Autoliv, Inc. SDR		15,556		1,679,244
Commercial Services & Supplies 1.04%
Loomis AB		123,312		3,376,034
Consumer Staples Distribution & Retail 0.55%
Axfood AB		69,943		1,769,637
Total Sweden				6,824,915
Switzerland 2.01%
Containers & Packaging 0.95%
SIG Group AG		146,970		3,076,406
Life Sciences Tools & Services 0.57%
Tecan Group AG Registered Shares		4,810		1,836,048
Machinery 0.49%
Sulzer AG Registered Shares		16,456		1,589,686
Total Switzerland				6,502,140

Investments	Shares		U.S. $ Fair Value
Taiwan 1.55%
Electronic Equipment, Instruments & Components 0.82%
Lotes Co. Ltd.		83,782	$	2,642,976
Semiconductors & Semiconductor Equipment 0.73%
Realtek Semiconductor Corp.		158,000		2,364,532
Total Taiwan				5,007,508
United Kingdom 17.20%
Aerospace & Defense 3.07%
Chemring Group PLC		1,351,488		6,028,849
Senior PLC		1,942,214		3,888,435
				9,917,284
Beverages 2.05%
Britvic PLC		590,688		6,606,210
Biotechnology 0.34%
Genus PLC		37,551		1,090,688
Broadline Retail 1.18%
B&M European Value Retail SA		580,766		3,806,176
Capital Markets 1.80%
Man Group PLC		1,930,110		5,799,534
Construction Materials 0.81%
Breedon Group PLC		569,923		2,625,428
Electronic Equipment, Instruments & Components 0.73%
Spectris PLC		50,322		2,342,660
Food Products 0.68%
Tate & Lyle PLC		279,624		2,207,710
Health Care Equipment & Supplies 0.54%
ConvaTec Group PLC†		577,960		1,758,949

See Notes to Schedule of Investments. 33

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)
Health Care REITS 1.11%
Assura PLC		6,365,775	$	3,593,197
Household Durables 0.42%
Persimmon PLC		73,867		1,360,490
Insurance 1.31%
Lancashire Holdings Ltd.		549,653		4,228,212
Machinery 1.18%
Concentric AB		232,059		3,813,988
Specialty Retail 1.10%
WH Smith PLC		233,158		3,562,941
Trading Companies & Distributors 0.88%
Grafton Group PLC		229,957		2,832,355
Total United Kingdom				55,545,822
Total Common Stocks (cost $292,577,160)				311,630,570

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 1.89%
Repurchase Agreements 1.89%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $6,778,600 of U.S. Treasury Note at 0.750% due 8/31/2026; value: $6,233,321; proceeds: $6,111,496 (cost $6,111,020)	$	6,111,020	$	6,111,020
Total Investments in Securities 98.41% (cost $298,688,180)				317,741,590
Other Assets and Liabilities – Net 1.59%				5,134,235
Net Assets 100.00%			$	322,875,825

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
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, 2024, the total value of Rule 144A securities was $9,853,839, which represents 3.05% of net assets.
*	Non-income producing security.

34 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL OPPORTUNITIES FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	21,652,603	$	–	$	—	$	21,652,603
Iceland		1,982,296		–		–		1,982,296
Ireland		3,818,904		–		–		3,818,904
Mexico		9,870,578		–		–		9,870,578
New Zealand		3,236,935		–		–		3,236,935
Peru		2,095,398		–		–		2,095,398
Spain		3,151,892		8,125,733		–		11,277,625
Sweden		1,769,637		5,055,278		–		6,824,915
United Kingdom		33,921,495		21,624,327		–		55,545,822
Remaining Industries		–		195,325,494		–		195,325,494
Short-Term Investments
Repurchase Agreements		–		6,111,020		–		6,111,020
Total	$	81,499,738	$	236,241,852	$	–	$	317,741,590

(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. Countries 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. 35

Schedule of Investments (unaudited)

INTERNATIONAL VALUE FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.24%
COMMON STOCKS 96.24%
Australia 4.21%
Industrial REITS 1.22%
Goodman Group		292,778	$	4,859,872
Metals & Mining 2.99%
BHP Group Ltd.		389,246		11,908,595
Total Australia				16,768,467
Austria 2.82%
Banks
BAWAG Group AG†		82,858		4,266,073
Erste Group Bank AG		161,316		6,949,235
				11,215,308
Canada 4.08%
Insurance 1.56%
Manulife Financial Corp.		280,467		6,199,918
Metals & Mining 0.96%
Teck Resources Ltd. Class B		95,396		3,818,110
Oil, Gas & Consumable Fuels 1.56%
Pembina Pipeline Corp.		181,007		6,234,843
Total Canada				16,252,871
China 0.45%
Broadline Retail
Alibaba Group Holding Ltd.		202,216		1,813,670
Egypt 0.45%
Oil, Gas & Consumable Fuels
Energean PLC		150,368		1,806,751

Investments	Shares		U.S. $ Fair Value
France 12.81%
Aerospace & Defense 2.56%
Airbus SE		32,743	$	5,215,497
Thales SA		33,987		4,970,736
				10,186,233
Banks 1.91%
BNP Paribas SA		113,159		7,602,493
Building Products 1.43%
Cie de Saint-Gobain SA		80,700		5,706,017
Capital Markets 1.28%
Amundi SA†		75,229		5,088,308
Chemicals 0.69%
Arkema SA		25,299		2,753,365
Diversified Telecommunication Services 2.28%
Orange SA		764,751		9,094,360
Gas Utilities 0.65%
Rubis SCA		101,938		2,577,657
Insurance 2.01%
AXA SA		238,372		8,001,030
Total France				51,009,463
Germany 4.03%
Air Freight & Logistics 1.45%
Deutsche Post AG Registered Shares		120,773		5,784,320
Chemicals 0.46%
Covestro AG†*		34,591		1,826,594
Health Care Providers & Services 1.22%
Fresenius SE & Co. KGaA		173,363		4,866,790
Real Estate Management & Development 0.90%
Vonovia SE		114,167		3,556,571
Total Germany				16,034,275

36 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Hong Kong 1.47%
Insurance 0.53%
Prudential PLC		206,033	$	2,116,488
Real Estate Management & Development 0.94%
CK Asset Holdings Ltd.		828,275		3,737,458
Total Hong Kong				5,853,946
India 0.60%
Banks
Federal Bank Ltd.		1,348,621		2,391,987
Indonesia 1.31%
Banks
Bank Negara Indonesia Persero Tbk. PT		14,358,787		5,223,948
Ireland 0.15%
Banks
Bank of Ireland Group PLC		65,192		599,504
Italy 2.04%
Electric: Utilities
Enel SpA		1,193,105		8,141,004
Japan 20.56%
Automobile Components 0.31%
Denso Corp.		79,395		1,247,141
Automobiles 2.91%
Toyota Motor Corp.		579,400		11,569,352
Banks 2.07%
Sumitomo Mitsui Financial Group, Inc.		158,463		8,242,191
Beverages 1.49%
Asahi Group Holdings Ltd.		159,358		5,923,009

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Building Products 0.92%
Sanwa Holdings Corp.		239,400	$	3,659,032
Electrical Equipment 1.32%
Fuji Electric Co. Ltd.		104,801		5,248,434
Electronic Equipment, Instruments & Components 1.06%
Murata Manufacturing Co. Ltd.		209,751		4,235,318
Entertainment 1.18%
Nintendo Co. Ltd.		83,900		4,687,567
Household Durables 1.16%
Sony Group Corp.		47,300		4,638,631
Industrial Conglomerates 1.82%
Hitachi Ltd.		92,370		7,255,696
Insurance 1.81%
Sompo Holdings, Inc.		139,327		7,224,305
Machinery 2.60%
Ebara Corp.		114,156		7,149,259
Fujitec Co. Ltd.		125,336		3,198,004
				10,347,263
Trading Companies & Distributors 1.91%
ITOCHU Corp.		167,775		7,614,318
Total Japan				81,892,257
Mexico 1.08%
Banks
Grupo Financiero Banorte SAB de CV Class O		422,068		4,292,899
Netherlands 5.22%
Consumer Staples Distribution & Retail 0.88%
Koninklijke Ahold Delhaize NV		124,390		3,498,239

See Notes to Schedule of Investments. 37

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
Netherlands (continued)
Oil, Gas & Consumable Fuels 4.34%
Shell PLC ADR		275,169	$	17,310,882
Total Netherlands				20,809,121
Singapore 1.65%
Banks 1.00%
United Overseas Bank Ltd.		189,008		3,984,012
Semiconductors & Semiconductor Equipment 0.65%
STMicroelectronics NV		58,590		2,572,541
Total Singapore				6,556,553
South Africa 0.67%
Metals & Mining
Anglo American PLC		112,263		2,676,090
South Korea 1.67%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		122,208		6,640,395
Spain 1.12%
Banks
CaixaBank SA		1,050,315		4,478,533
Sweden 2.12%
Automobile Components 1.20%
Autoliv, Inc. SDR		44,240		4,775,635
Commercial Services & Supplies 0.92%
Loomis AB		133,702		3,660,491
Total Sweden				8,436,126
Switzerland 3.73%
Pharmaceuticals
Novartis AG Registered Shares		143,710		14,861,585

Investments	Shares		U.S. $ Fair Value
Taiwan 1.87%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd.		371,514	$	7,437,150
United Kingdom 17.17%
Banks 3.05%
HSBC Holdings PLC		1,311,346		10,238,599
Standard Chartered PLC		254,473		1,923,190
				12,161,789
Broadline Retail 1.33%
Next PLC		49,429		5,276,868
Electric: Utilities 1.70%
SSE PLC		317,851		6,769,569
Food Products 0.63%
Tate & Lyle PLC		315,641		2,492,074
Insurance 1.15%
Lancashire Holdings Ltd.		596,972		4,592,215
Oil, Gas & Consumable Fuels 2.12%
BP PLC		1,448,408		8,459,306
Personal Care Products 2.05%
Unilever PLC		167,612		8,156,036
Pharmaceuticals 1.25%
AstraZeneca PLC		37,613		4,986,613
Residential REITS 1.08%
UNITE Group PLC		336,156		4,294,674
Tobacco 2.12%
Imperial Brands PLC		352,441		8,460,391
Trading Companies & Distributors 0.69%
Ashtead Group PLC		41,671		2,724,945
Total United Kingdom				68,374,480

38 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND January 31, 2024

Investments	Shares		U.S. $ Fair Value
United States 4.96%
Construction Materials 1.97%
CRH PLC		110,463	$	7,836,424
Pharmaceuticals 2.99%
Sanofi SA		118,855		11,902,797
Total United States				19,739,221
Total Common Stocks (cost $345,813,148)				383,305,604
		Principal Amount
SHORT-TERM INVESTMENTS 3.10%
Repurchase Agreements 3.10%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $12,313,000 of U.S. Treasury Note at 4.375% due 8/15/2026; value: $12,606,563; proceeds: $12,360,283 (cost $12,359,322)	$	12,359,322		12,359,322
Total Investments in Securities 99.34% (cost $358,172,470)				395,664,926
Other Assets and Liabilities – Net 0.66%				2,634,498
Net Assets 100.00%			$	398,299,424

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
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, 2024, the total value of Rule 144A securities was $11,180,975, which represents 2.81% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 39

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL VALUE FUND January 31, 2024

The following is a summary of the inputs used as of January 31, 2024 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	$	16,252,871	$	–	$	–	$	16,252,871
Mexico		4,292,899		–		–		4,292,899
Netherlands		17,310,882		3,498,239		–		20,809,121
United Kingdom		7,084,289		61,290,191		–		68,374,480
Remaining Industries		–		273,576,233		–		273,576,233
Short-Term Investments
Repurchase Agreements		–		12,359,322		–		12,359,322
Total	$	44,940,941	$	350,723,985	$	–	$	395,664,926

(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. Countries 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.

40 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

MICRO CAP GROWTH FUND January 31, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.02%
COMMON STOCKS 99.02%
Aerospace & Defense 4.12%
AAR Corp.*		23,548	$	1,432,189
AeroVironment, Inc.*		39,394		4,752,492
Kratos Defense & Security Solutions, Inc.*		89,003		1,506,821
Total				7,691,502
Automobile Components 2.17%
Modine Manufacturing Co.*		58,718		4,056,827
Banks 1.27%
Bancorp, Inc.*		54,179		2,364,372
Beverages 0.66%
Vita Coco Co., Inc.*		62,271		1,226,116
Biotechnology 14.20%
Arcellx, Inc.*		57,775		3,572,806
Biohaven Ltd.*		34,032		1,513,743
Crinetics Pharmaceuticals, Inc.*		84,163		3,070,266
Disc Medicine, Inc.*		22,365		1,470,499
Fusion Pharmaceuticals, Inc. (Canada)*(a)(b)		155,665		1,808,827
Krystal Biotech, Inc.*		24,458		2,720,953
MoonLake Immunotherapeutics (Switzerland)*(a)		41,612		2,325,279
Rhythm Pharmaceuticals, Inc.*		70,715		3,119,239
Twist Bioscience Corp.*		54,038		1,750,831
Vera Therapeutics, Inc.*		47,015		1,712,286
Veracyte, Inc.*		52,886		1,323,208
Xenon Pharmaceuticals, Inc. (Canada)*(a)		46,760		2,114,487
Total				26,502,424
Capital Markets 1.37%
Piper Sandler Cos.		14,724		2,554,467

Investments	Shares		Fair Value
Construction & Engineering 2.83%
Primoris Services Corp.		56,682	$	1,859,170
Sterling Infrastructure, Inc.*		45,582		3,423,208
Total				5,282,378
Consumer Finance 1.34%
NerdWallet, Inc. Class A*		163,582		2,504,440
Diversified Consumer Services 3.42%
Coursera, Inc.*		170,146		3,256,594
Stride, Inc.*		52,044		3,120,038
Total				6,376,632
Electronic Equipment, Instruments & Components 2.00%
OSI Systems, Inc.*		29,177		3,735,531
Financial Services 5.07%
AvidXchange Holdings, Inc.*		372,029		4,077,438
Flywire Corp.*		46,929		1,002,873
Paymentus Holdings, Inc. Class A*		151,882		2,408,848
Remitly Global, Inc.*		114,740		1,966,644
Total				9,455,803
Food Products 0.94%
Vital Farms, Inc.*		122,627		1,763,376
Health Care Equipment & Supplies 11.05%
CVRx, Inc.*		157,481		3,955,923
PROCEPT BioRobotics Corp.*		45,186		2,092,112
Pulmonx Corp.*		114,158		1,516,018
RxSight, Inc.*		121,578		5,533,015
TransMedics Group, Inc.*		60,306		5,172,445
UFP Technologies, Inc.*		13,980		2,355,770
Total				20,625,283
Hotels, Restaurants & Leisure 4.67%
First Watch Restaurant Group, Inc.*		178,139		3,822,863
Kura Sushi USA, Inc. Class A*		26,398		2,590,436

See Notes to Schedule of Investments. 41

Schedule of Investments (unaudited)(continued)

MICRO CAP GROWTH FUND January 31, 2024

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure (continued)
Shake Shack, Inc. Class A*		30,506	$	2,305,033
Total				8,718,332
Household Durables 2.01%
Green Brick Partners, Inc.*		71,964		3,754,362
Information Technology Services 1.75%
Fastly, Inc. Class A*		107,024		2,153,323
Grid Dynamics Holdings, Inc.*		84,672		1,104,969
Total				3,258,292
Interactive Media & Services 1.65%
Yelp, Inc.*		70,593		3,087,032
Life Sciences Tools & Services 1.59%
Quanterix Corp.*		134,194		2,964,345
Machinery 1.05%
Blue Bird Corp.*		67,544		1,967,557
Media 1.44%
Integral Ad Science Holding Corp.*		184,382		2,682,758
Personal Care Products 2.74%
elf Beauty, Inc.*		18,060		2,881,112
Oddity Tech Ltd. Class A (Israel)*(a)(b)		53,968		2,228,878
Total				5,109,990
Pharmaceuticals 5.91%
Cymabay Therapeutics, Inc.*		200,496		4,713,661
Evolus, Inc.*		54,509		691,719
EyePoint Pharmaceuticals, Inc.*		61,623		1,659,507
Intra-Cellular Therapies, Inc.*		21,274		1,432,591
Longboard Pharmaceuticals, Inc.*		119,620		2,540,729
Total				11,038,207

Investments	Shares		Fair Value
Professional Services 5.09%
Fiverr International Ltd. (Israel)*(a)		43,630	$	1,174,520
ICF International, Inc.		20,802		2,892,310
TaskUS, Inc. Class A*		148,549		1,847,949
Upwork, Inc.*		117,725		1,614,010
Verra Mobility Corp.*		82,314		1,968,128
Total				9,496,917
Semiconductors & Semiconductor Equipment 6.03%
Credo Technology Group Holding Ltd.*		151,669		3,110,731
Impinj, Inc.*		14,502		1,406,404
Photronics, Inc.*		65,240		1,906,313
Rambus, Inc.*		70,490		4,830,680
Total				11,254,128
Software 14.65%
Agilysys, Inc.*		40,474		3,388,079
Alkami Technology, Inc.*		153,065		3,768,460
Clear Secure, Inc. Class A		45,648		868,682
Docebo, Inc. (Canada)*(a)		30,327		1,332,872
Intapp, Inc.*		33,121		1,426,853
JFrog Ltd. (Israel)*(a)		140,563		4,572,514
LiveRamp Holdings, Inc.*		81,857		3,231,714
Varonis Systems, Inc.*		52,564		2,359,072
Weave Communications, Inc.*		327,880		4,111,615
Zeta Global Holdings Corp. Class A*		235,866		2,283,183
Total				27,343,044
Total Common Stocks (cost $143,779,615)				184,814,115

42 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

MICRO CAP GROWTH FUND January 31, 2024

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 2.66%
Repurchase Agreements 2.45%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $4,555,900 of U.S. Treasury Note at 4.375% due 8/15/2026; value: $4,664,520; proceeds: $4,573,381 (cost $4,573,025)	$	4,573,025	$	4,573,025

Investments	Shares		Fair Value
Money Market Funds 0.19%
Fidelity Government Portfolio(c) (cost $356,150)		356,150	$	356,150
Time Deposits 0.02%
CitiBank N.A.(c) (cost $39,572)		39,572		39,572
Total Short-Term Investments (cost $4,968,747)				4,968,747
Total Investments in Securities 101.68% (cost $148,748,362)				189,782,862
Other Assets and Liabilities – Net (1.68)%				(3,139,478	)
Net Assets 100.00%			$	186,643,384

*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of this security is 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, 2024 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	$	184,814,115	$	–	$	–	$	184,814,115
Short-Term Investments
Repurchase Agreements		–		4,573,025		–		4,573,025
Money Market Funds		356,150		–		–		356,150
Time Deposits		–		39,572		–		39,572
Total	$	185,170,265	$	4,612,597	$	–	$	189,782,862

(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. 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. 43

Schedule of Investments (unaudited)

VALUE OPPORTUNITIES FUND January 31, 2024

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.70%
COMMON STOCKS 99.70%
Aerospace & Defense 1.50%
Curtiss-Wright Corp.		80,877	$	18,000,794
Automobile Components 1.28%
Gentherm, Inc.*		319,666		15,391,918
Banks 5.54%
Columbia Banking System, Inc.		725,491		14,625,898
East West Bancorp, Inc.		262,889		19,140,948
First BanCorp		1,116,095		18,616,465
Wintrust Financial Corp.		145,642		14,124,361
Total				66,507,672
Building Products 2.08%
Allegion PLC (Ireland)(a)		201,782		24,998,772
Capital Markets 5.32%
Cboe Global Markets, Inc.		118,053		21,704,044
Moelis & Co. Class A		372,753		20,490,232
TPG, Inc.		521,619		21,714,999
Total				63,909,275
Chemicals 2.38%
Avient Corp.		497,468		18,013,316
Axalta Coating Systems Ltd.*		324,942		10,534,620
Total				28,547,936
Commercial Services & Supplies 1.48%
Brady Corp. Class A		295,978		17,826,755
Construction & Engineering 2.10%
EMCOR Group, Inc.		110,663		25,243,337
Construction Materials 1.89%
Eagle Materials, Inc.		100,245		22,683,439
Consumer Staples Distribution & Retail 1.83%
BJ’s Wholesale Club Holdings, Inc.*		341,053		21,943,350

Investments	Shares		Fair Value
Containers & Packaging 1.91%
Avery Dennison Corp.		115,300	$	22,996,585
Electric: Utilities 2.42%
IDACORP, Inc.		169,131		15,658,148
Portland General Electric Co.		326,725		13,372,854
Total				29,031,002
Electronic Equipment, Instruments & Components 4.52%
Advanced Energy Industries, Inc.		173,267		18,050,956
Belden, Inc.		250,020		18,546,483
Littelfuse, Inc.		73,152		17,695,469
Total				54,292,908
Energy Equipment & Services 1.40%
TechnipFMC PLC (United Kingdom)(a)		868,004		16,787,197
Ground Transportation 1.62%
Saia, Inc.*		43,151		19,442,978
Health Care Equipment & Supplies 4.39%
CONMED Corp.		115,693		11,060,251
Cooper Cos., Inc.		45,381		16,928,475
STERIS PLC		113,013		24,744,196
Total				52,732,922
Health Care Providers & Services 3.00%
Molina Healthcare, Inc.*		80,245		28,602,528
R1 RCM, Inc.*		721,312		7,386,235
Total				35,988,763
Hotels, Restaurants & Leisure 5.77%
Caesars Entertainment, Inc.*		231,780		10,168,188
Choice Hotels International, Inc.		171,154		20,730,172
Dave & Buster’s Entertainment, Inc.*		232,458		12,443,477
SeaWorld Entertainment, Inc.*		111,517		5,508,940

44 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

VALUE OPPORTUNITIES FUND January 31, 2024

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure (continued)
Texas Roadhouse, Inc.		162,876	$	20,476,771
Total				69,327,548
Household Durables 0.99%
Taylor Morrison Home Corp.*		228,569		11,917,588
Industrial REITS 1.48%
First Industrial Realty Trust, Inc.		344,646		17,756,162
Information Technology Services 1.48%
Perficient, Inc.*		260,032		17,715,980
Insurance 4.68%
American Financial Group, Inc.		179,386		21,598,075
RenaissanceRe Holdings Ltd.		91,516		20,941,606
White Mountains Insurance Group Ltd.		8,688		13,692,027
Total				56,231,708
Leisure Products 1.61%
YETI Holdings, Inc.*		439,671		19,332,334
Life Sciences Tools & Services 4.11%
Bio-Techne Corp.		202,336		14,228,268
Charles River Laboratories International, Inc.*		79,392		17,170,902
Repligen Corp.*		94,561		17,909,853
Total				49,309,023
Machinery 3.42%
Columbus McKinnon Corp.		506,034		19,770,748
Crane Co.		171,413		21,274,068
Total				41,044,816
Media 1.29%
Criteo SA ADR*		595,704		15,446,605
Metals & Mining 1.00%
Reliance Steel & Aluminum Co.		42,243		12,056,997

Investments	Shares		Fair Value
Oil, Gas & Consumable Fuels 3.94%
Chesapeake Energy Corp.(b)		319,201	$	24,613,589
Permian Resources Corp.		1,680,661		22,655,310
Total				47,268,899
Professional Services 5.96%
Booz Allen Hamilton Holding Corp.		124,891		17,580,906
ICF International, Inc.		98,347		13,674,167
Paylocity Holding Corp.*		117,422		18,600,819
WNS Holdings Ltd. ADR*		313,204		21,720,697
Total				71,576,589
Real Estate Management & Development 1.46%
Marcus & Millichap, Inc.		459,027		17,484,338
Residential REITS 1.29%
American Homes 4 Rent Class A		442,266		15,501,423
Semiconductors & Semiconductor Equipment 2.87%
Entegris, Inc.		192,120		22,612,524
FormFactor, Inc.*		305,303		11,836,597
Total				34,449,121
Software 7.22%
Aspen Technology, Inc.*		86,918		16,687,387
CommVault Systems, Inc.*		339,462		31,121,876
Descartes Systems Group, Inc. (Canada)*(a)		265,177		23,226,853
Dolby Laboratories, Inc. Class A		188,027		15,640,086
Total				86,676,202
Specialty Retail 1.50%
Valvoline, Inc.*		493,977		18,025,221
Textiles, Apparel & Luxury Goods 1.59%
Deckers Outdoor Corp.*		25,368		19,120,623

See Notes to Schedule of Investments. 45

Schedule of Investments (unaudited)(concluded)

VALUE OPPORTUNITIES FUND January 31, 2024

Investments	Shares		Fair Value
Trading Companies & Distributors 3.38%
AerCap Holdings NV (Ireland)*(a)		317,369	$	24,297,771
Core & Main, Inc. Class A*		394,123		16,281,221
Total				40,578,992
Total Common Stocks (cost $952,422,827)				1,197,145,772
	Principal Amount
SHORT-TERM INVESTMENTS 0.49%
Repurchase Agreements 0.49%
Repurchase Agreement dated 1/31/2024, 2.800% due 2/1/2024 with Fixed Income Clearing Corp. collateralized by $6,412,900 of U.S. Treasury Note at 1.500% due 8/15/2026; value: $6,040,738; proceeds: $5,922,678 (cost $5,922,218)	$	5,922,218		5,922,218

Investments	Shares		Fair Value
Money Market Funds 0.00%
Fidelity Government Portfolio(c) (cost $11,991)		11,991	$	11,991
Time Deposits 0.00%
CitiBank N.A.(c) (cost $1,332)		1,332		1,332
Total Short-Term Investments (cost $5,935,541)				5,935,541
Total Investments in Securities 100.19% (cost $958,358,368)				1,203,081,313
Other Assets and Liabilities – Net (0.19)%				(2,296,258	)
Net Assets 100.00%			$	1,200,785,055

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of this security is 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, 2024 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	$	1,197,145,772	$	–	$	–	$	1,197,145,772
Short-Term Investments
Repurchase Agreements		–		5,922,218		–		5,922,218
Money Market Funds		11,991		–		–		11,991
Time Deposits		–		1,332		–		1,332
Total	$	1,197,157,763	$	5,923,550	$	–	$	1,203,081,313

(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. 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.

46 See Notes to Schedule of Investments.

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,” formerly “Micro-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 Focused Large Cap Value Fund’s, Global Equity Fund’s, Health Care Fund’s and International Equity Fund’s investment objective is to seek long-term capital appreciation. Alpha Strategy Fund’s, Focused Small Cap Value Fund’s, International Opportunities Fund’s, Micro Cap Growth Fund’s and Value Opportunities 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 Fund’s Board of Directors (the “Board”), the Board has designated the determination of fair value of the Fund’s portfolio investment 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 preforms the responsibilities on behalf of Lord Abbett, administers the pricing and valuation of the 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 Pricing Committee uses a third-party fair valuation service that+ values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other

47

Notes to Schedule of Investments (unaudited)(continued)

	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. Swaps are valued daily using independent pricing services or quotations from broker/dealers to the extent available. 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.
	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day.
(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 as of January 31, 2024 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

48

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 each 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.

Each 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 each 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 each 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. 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 Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Funds 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, 2024, the market value of securities loaned and collateral received for the Funds were as follows:

Funds	Market Value of Securities Loaned		Collateral Received
Fundamental Equity Fund	$	2,036,090	$	2,132,203
Micro Cap Growth Fund		395,816		395,722
Value Opportunities Fund		12,723		13,323

49

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, 2024:

Affiliated Issuer	Value at 10/31/2023		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Change in Appreciation (Depreciation)		Value at 1/31/2024		Shares as of 1/31/2024		Dividend Income
Lord Abbett Developing Growth Fund, Inc. - Class I	$	100,632,986	$	840,725	$	(2,530,894	)	$	149,691		$	22,576,920	$	121,669,428		4,990,543	$	–
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I		55,517,264		408,737		(4,309,726	)		(573,121	)		9,626,454		60,669,608		2,172,980		159,299
Lord Abbett Securities Trust - International Opportunities Fund - Class I		109,914,234		2,552,167		(3,939,625	)		252,477			12,869,171		121,648,424		6,575,591		2,053,292
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I		47,466,817		249,438		–			–			11,347,394		59,063,649		3,494,890		–
Lord Abbett Research Fund, Inc. - Small - Cap Value Fund - Class I		108,566,558		832,177		(5,379,913	)		(1,724,028	)		19,192,853		121,487,647		6,173,153		333,302
Lord Abbett Securities Trust - Value Opportunities Fund - Class I		109,583,685		2,467,326		(3,723,078	)		1,368,395	(a)		14,327,117		122,474,135		6,563,458		419,139
Total								$	(526,586	)	$	89,939,909	$	607,012,891			$	2,965,032

^(a)  Includes $1,549,310 of distributed capital gains.

50

Investments in Underlying Funds (unaudited)

Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of January 31, 2024, 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	20.04%
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I	10.00%
Lord Abbett Securities Trust - International Opportunities Fund - Class I	20.04%
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I	9.73%
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I	20.01%
Lord Abbett Securities Trust - Value Opportunities Fund - Class I	20.18%
Total	100.00%

Lord Abbett Developing Growth Fund, Inc.

Ten Largest Holdings	% of Investments
Super Micro Computer, Inc.	2.47%
Rambus, Inc.	2.41%
CyberArk Software Ltd.	2.32%
AeroVironment, Inc.	2.09%
Saia, Inc.	2.05%
Glaukos Corp.	2.03%
TransMedics Group, Inc.	1.97%
Roku, Inc.	1.94%
Trex Co., Inc.	1.94%
RxSight, Inc.	1.87%

Holdings by Sector	% of Investments
Communications	4.35%
Consumer, Cyclical	6.51%
Consumer, Non-cyclical	27.85%
Financial	2.22%
Industrial	18.59%
Technology	38.28%
Repurchase Agreements	1.91%
Money Market Funds	0.26%
Time Deposits	0.03%
Total	100.00%

51

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Securities Trust - Focused Small Cap Value Fund

Ten Largest Holdings	% of Investments
Kemper Corp.	3.96%
Brady Corp.	3.42%
WNS Holdings Ltd.	3.23%
Permian Resources Corp.	3.00%
Compass Diversified Holdings	2.99%
Tenet Healthcare Corp.	2.80%
TechnipFMC PLC	2.73%
Wintrust Financial Corp.	2.72%
Belden, Inc.	2.72%
Marcus & Millichap, Inc.	2.69%

Holdings by Sector	% of Investments
Basic Materials	4.84%
Communications	6.23%
Consumer, Cyclical	11.68%
Consumer, Non-cyclical	7.77%
Energy	9.63%
Financial	35.45%
Industrial	19.26%
Technology	4.74%
Repurchase Agreements	0.40%
Total	100.00%

Lord Abett Securities Trust - International Opportunities Fund

Ten Largest Holdings	% of Investments
Britvic PLC	2.08%
ANDRITZ AG	2.05%
Chemring Group PLC	1.90%
Man Group PLC	1.83%
Okinawa Cellular Telephone Co.	1.82%
PALTAC Corp.	1.82%
NS Solutions Corp.	1.66%
Nichirei Corp.	1.65%
OBIC Business Consultants Co. Ltd.	1.61%
REN - Redes Energeticas Nacionais SGPS SA	1.60%

52

Investments in Underlying Funds (unaudited)(continued)

Holdings by Sector	% of Investments
Basic Materials	5.60%
Communications	5.46%
Consumer, Cyclical	11.91%
Consumer, Non-cyclical	13.20%
Energy	2.77%
Financial	22.64%
Industrial	23.17%
Technology	11.02%
Utilities	2.31%
Repurchase Agreements	1.92%
Total	100.00%

Lord Abbett Securities Trust - Micro Cap Growth Fund

Ten Largest Holdings	% of Investments
RxSight, Inc.	2.92%
TransMedics Group, Inc.	2.73%
Rambus, Inc.	2.55%
AeroVironment, Inc.	2.50%
Cymabay Therapeutics, Inc.	2.48%
JFrog Ltd.	2.41%
Weave Communications, Inc.	2.17%
AvidXchange Holdings, Inc.	2.15%
Modine Manufacturing Co.	2.14%
CVRx, Inc.	2.08%

Holdings by Sector	% of Investments
Communications	4.74%
Consumer, Cyclical	7.61%
Consumer, Non-cyclical	44.72%
Financial	3.91%
Industrial	10.94%
Technology	25.46%
Repurchase Agreements	2.41%
Money Market Funds	0.19%
Time Deposits	0.02%
Total	100.00%

53

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Research Fund Inc. - Small Cap Value Fund

Ten Largest Holdings	% of Investments
Permian Resources Corp.	2.69%
CommVault Systems, Inc.	2.62%
Kemper Corp.	2.58%
TechnipFMC PLC	2.22%
WNS Holdings Ltd.	2.22%
Wintrust Financial Corp.	2.08%
Brady Corp.	1.98%
Axos Financial, Inc.	1.95%
Eagle Materials, Inc.	1.92%
Belden, Inc.	1.89%
Holdings by Sector	% of Investments
Communication Services	3.14%
Consumer Discretionary	11.01%
Consumer Staples	3.49%
Energy	8.84%
Financials	29.18%
Health Care	3.77%
Industrials	17.35%
Information Technology	12.41%
Materials	6.29%
Real Estate	3.21%
Utilities	0.95%
Repurchase Agreements	0.36%
Total	100.00%
Lord Abbett Securities Trust - Value Opportunities Fund
Ten Largest Holdings	% of Investments
CommVault Systems, Inc.	2.59%
Molina Healthcare, Inc.	2.38%
EMCOR Group, Inc.	2.10%
Allegion PLC	2.08%
STERIS PLC	2.06%
Chesapeake Energy Corp.	2.05%
AerCap Holdings NV	2.02%
Descartes Systems Group, Inc.	1.93%
Avery Dennison Corp.	1.91%
Eagle Materials, Inc.	1.89%

54

Investments in Underlying Funds (unaudited)(concluded)

Holdings by Sector	% of Investments
Basic Materials	4.87%
Communications	2.76%
Consumer, Cyclical	15.71%
Consumer, Non-cyclical	17.53%
Energy	5.32%
Financial	21.75%
Industrial	18.58%
Technology	10.58%
Utilities	2.41%
Repurchase Agreements	0.49%
Money Market Funds	0.00%
Time Deposits	0.00%
Total	100.00%

55

QPHR-SET-1Q

(03/24)