NT Large Company Value - Schedule of Investments | |
DECEMBER 31, 2019 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | ||||
COMMON STOCKS — 98.7% | |||||
Aerospace and Defense — 0.8% | |||||
Textron, Inc. | 273,500 | 12,198,100 | |||
Air Freight and Logistics — 1.0% | |||||
United Parcel Service, Inc., Class B | 135,300 | 15,838,218 | |||
Airlines — 1.6% | |||||
Southwest Airlines Co. | 450,700 | 24,328,786 | |||
Automobiles — 0.9% | |||||
Honda Motor Co. Ltd. ADR | 500,200 | 14,160,662 | |||
Banks — 13.5% | |||||
Bank of America Corp. | 432,800 | 15,243,216 | |||
JPMorgan Chase & Co. | 291,700 | 40,662,980 | |||
PNC Financial Services Group, Inc. (The) | 345,500 | 55,152,165 | |||
Truist Financial Corp. | 596,500 | 33,594,880 | |||
U.S. Bancorp | 583,200 | 34,577,928 | |||
Wells Fargo & Co. | 565,200 | 30,407,760 | |||
209,638,929 | |||||
Beverages — 1.6% | |||||
PepsiCo, Inc. | 187,600 | 25,639,292 | |||
Biotechnology — 0.8% | |||||
Gilead Sciences, Inc. | 182,800 | 11,878,344 | |||
Building Products — 1.0% | |||||
Johnson Controls International plc | 396,100 | 16,125,231 | |||
Capital Markets — 3.7% | |||||
Ameriprise Financial, Inc. | 135,900 | 22,638,222 | |||
Bank of New York Mellon Corp. (The) | 700,800 | 35,271,264 | |||
57,909,486 | |||||
Chemicals — 0.7% | |||||
DuPont de Nemours, Inc. | 159,400 | 10,233,480 | |||
Communications Equipment — 1.5% | |||||
Cisco Systems, Inc. | 490,100 | 23,505,196 | |||
Diversified Financial Services — 3.9% | |||||
Berkshire Hathaway, Inc., Class B(1) | 270,800 | 61,336,200 | |||
Diversified Telecommunication Services — 3.4% | |||||
Verizon Communications, Inc. | 864,600 | 53,086,440 | |||
Electric Utilities — 5.7% | |||||
Eversource Energy | 328,200 | 27,919,974 | |||
Pinnacle West Capital Corp. | 336,900 | 30,297,417 | |||
Xcel Energy, Inc. | 484,900 | 30,786,301 | |||
89,003,692 | |||||
Electrical Equipment — 3.0% | |||||
Eaton Corp. plc | 145,900 | 13,819,648 | |||
Emerson Electric Co. | 438,900 | 33,470,514 | |||
47,290,162 | |||||
Electronic Equipment, Instruments and Components — 1.1% | |||||
TE Connectivity Ltd. | 186,000 | 17,826,240 | |||
Energy Equipment and Services — 2.5% | |||||
Baker Hughes Co. | 451,200 | 11,564,256 | |||
Schlumberger Ltd. | 692,300 | 27,830,460 | |||
39,394,716 | |||||
Equity Real Estate Investment Trusts (REITs) — 3.1% | |||||
Welltower, Inc. | 306,400 | 25,057,392 | |||
Weyerhaeuser Co. | 772,900 | 23,341,580 | |||
48,398,972 | |||||
Food and Staples Retailing — 2.0% | |||||
Koninklijke Ahold Delhaize NV | 583,400 | 14,621,093 | |||
Walmart, Inc. | 134,200 | 15,948,328 | |||
30,569,421 | |||||
Food Products — 1.8% | |||||
Conagra Brands, Inc. | 206,100 | 7,056,864 | |||
Mondelez International, Inc., Class A | 375,200 | 20,666,016 | |||
27,722,880 | |||||
Health Care Equipment and Supplies — 9.1% | |||||
Hologic, Inc.(1) | 474,500 | 24,773,645 | |||
Medtronic plc | 579,400 | 65,732,930 | |||
Zimmer Biomet Holdings, Inc. | 345,400 | 51,699,472 | |||
142,206,047 | |||||
Health Care Providers and Services — 1.4% | |||||
Quest Diagnostics, Inc. | 206,400 | 22,041,456 | |||
Health Care Technology — 1.6% | |||||
Cerner Corp. | 333,600 | 24,482,904 | |||
Hotels, Restaurants and Leisure — 0.8% | |||||
Carnival Corp. | 236,900 | 12,041,627 | |||
Household Durables — 0.6% | |||||
PulteGroup, Inc. | 228,700 | 8,873,560 | |||
Household Products — 5.3% | |||||
Colgate-Palmolive Co. | 487,200 | 33,538,848 | |||
Kimberly-Clark Corp. | 152,300 | 20,948,865 | |||
Procter & Gamble Co. (The) | 220,200 | 27,502,980 | |||
81,990,693 | |||||
Industrial Conglomerates — 1.6% | |||||
Siemens AG | 188,000 | 24,575,342 | |||
Insurance — 3.3% | |||||
Aflac, Inc. | 252,300 | 13,346,670 | |||
Chubb Ltd. | 242,400 | 37,731,984 | |||
51,078,654 | |||||
Machinery — 0.7% | |||||
Cummins, Inc. | 64,300 | 11,507,128 | |||
Oil, Gas and Consumable Fuels — 5.9% | |||||
Chevron Corp. | 266,000 | 32,055,660 | |||
ConocoPhillips | 291,900 | 18,982,257 | |||
TOTAL SA ADR | 729,500 | 40,341,350 | |||
91,379,267 | |||||
Paper and Forest Products — 1.0% | |||||
Mondi plc | 693,900 | 16,380,592 | |||
Pharmaceuticals — 7.7% | |||||
Johnson & Johnson | 461,500 | 67,319,005 | |||
Pfizer, Inc. | 1,329,300 | 52,081,974 | |||
119,400,979 | |||||
Semiconductors and Semiconductor Equipment — 3.7% | |||||
Applied Materials, Inc. | 130,500 | 7,965,720 | |||
Intel Corp. | 340,600 | 20,384,910 | |||
Maxim Integrated Products, Inc. | 170,500 | 10,487,455 | |||
Texas Instruments, Inc. | 140,700 | 18,050,403 | |||
56,888,488 | |||||
Software — 1.0% | |||||
Oracle Corp. (New York) | 302,300 | 16,015,854 | |||
Specialty Retail — 1.4% | |||||
Advance Auto Parts, Inc. | 132,000 | 21,141,120 | |||
TOTAL COMMON STOCKS (Cost $1,162,038,842) | 1,536,088,158 | ||||
EXCHANGE-TRADED FUNDS — 2.2% | |||||
iShares Russell 1000 Value ETF (Cost $30,598,462) | 256,300 | 34,979,824 | |||
TEMPORARY CASH INVESTMENTS — 1.9% | |||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.75% - 3.75%, 9/15/21 - 11/15/43, valued at $24,512,249), in a joint trading account at 1.35%, dated 12/31/19, due 1/2/20 (Delivery value $23,997,103) | 23,995,303 | ||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.625%, 12/15/22, valued at $5,448,057), at 0.65%, dated 12/31/19, due 1/2/20 (Delivery value $5,340,193) | 5,340,000 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 14,792 | 14,792 | |||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $29,350,095) | 29,350,095 | ||||
TOTAL INVESTMENT SECURITIES — 102.8% (Cost $1,221,987,399) | 1,600,418,077 | ||||
OTHER ASSETS AND LIABILITIES — (2.8)% | (44,321,081 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 1,556,096,996 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||
USD | 68,036,316 | EUR | 60,603,859 | Credit Suisse AG | 3/31/20 | $ | (318,516 | ) | ||
GBP | 419,760 | USD | 550,865 | JPMorgan Chase Bank N.A. | 3/31/20 | 6,489 | ||||
USD | 14,303,497 | GBP | 10,858,448 | JPMorgan Chase Bank N.A. | 3/31/20 | (114,277 | ) | |||
JPY | 50,293,656 | USD | 464,986 | Bank of America N.A. | 3/31/20 | 88 | ||||
USD | 12,486,517 | JPY | 1,358,381,926 | Bank of America N.A. | 3/31/20 | (74,671 | ) | |||
$ | (500,887 | ) |
NOTES TO SCHEDULE OF INVESTMENTS | ||
ADR | - | American Depositary Receipt |
EUR | - | Euro |
GBP | - | British Pound |
JPY | - | Japanese Yen |
USD | - | United States Dollar |
(1) | Non-income producing. |
• | Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments. |
• | Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. |
• | Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | ||||
Assets | ||||||
Investment Securities | ||||||
Common Stocks | 1,480,511,131 | 55,577,027 | — | |||
Exchange-Traded Funds | 34,979,824 | — | — | |||
Temporary Cash Investments | 14,792 | 29,335,303 | — | |||
1,515,505,747 | 84,912,330 | — | ||||
Other Financial Instruments | ||||||
Forward Foreign Currency Exchange Contracts | — | 6,577 | — | |||
Liabilities | ||||||
Other Financial Instruments | ||||||
Forward Foreign Currency Exchange Contracts | — | 507,464 | — |