Equity Income - Schedule of Investments | |||||
JUNE 30, 2020 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 76.8% | ||||||||
Aerospace and Defense — 0.6% | ||||||||
Raytheon Technologies Corp. | 998,505 | 61,527,878 | ||||||
Air Freight and Logistics — 0.8% | ||||||||
United Parcel Service, Inc., Class B | 824,818 | 91,703,265 | ||||||
Banks — 1.4% | ||||||||
Commerce Bancshares, Inc. | 530,014 | 31,519,932 | ||||||
JPMorgan Chase & Co. | 178,497 | 16,789,428 | ||||||
PNC Financial Services Group, Inc. (The) | 762,618 | 80,235,040 | ||||||
Wells Fargo & Co. | 798,500 | 20,441,600 | ||||||
148,986,000 | ||||||||
Capital Markets — 4.8% | ||||||||
Ameriprise Financial, Inc. | 598,905 | 89,859,706 | ||||||
Bank of New York Mellon Corp. (The) | 3,998,800 | 154,553,620 | ||||||
BlackRock, Inc. | 198,864 | 108,199,914 | ||||||
Janus Henderson Group plc | 806,921 | 17,074,448 | ||||||
Northern Trust Corp. | 1,299,787 | 103,125,101 | ||||||
T. Rowe Price Group, Inc. | 490,000 | 60,515,000 | ||||||
533,327,789 | ||||||||
Chemicals — 0.8% | ||||||||
Akzo Nobel NV | 952,400 | 85,206,068 | ||||||
Commercial Services and Supplies — 0.7% | ||||||||
Republic Services, Inc. | 884,161 | 72,545,410 | ||||||
Communications Equipment — 1.9% | ||||||||
Cisco Systems, Inc. | 4,395,991 | 205,029,020 | ||||||
Construction Materials — 0.3% | ||||||||
Martin Marietta Materials, Inc. | 164,500 | 33,980,765 | ||||||
Containers and Packaging — 0.5% | ||||||||
Packaging Corp. of America | 597,700 | 59,650,460 | ||||||
Diversified Telecommunication Services — 3.0% | ||||||||
Verizon Communications, Inc. | 6,099,037 | 336,239,910 | ||||||
Electric Utilities — 2.4% | ||||||||
Duke Energy Corp. | 696,000 | 55,603,440 | ||||||
Evergy, Inc. | 2,197,900 | 130,313,491 | ||||||
Eversource Energy | 998,332 | 83,131,106 | ||||||
269,048,037 | ||||||||
Electrical Equipment — 5.6% | ||||||||
ABB Ltd. | 1,999,500 | 44,943,877 | ||||||
Emerson Electric Co. | 5,964,436 | 369,973,965 | ||||||
Hubbell, Inc. | 1,599,258 | 200,482,983 | ||||||
615,400,825 | ||||||||
Food and Staples Retailing — 3.5% | ||||||||
Koninklijke Ahold Delhaize NV | 5,395,042 | 146,913,985 | ||||||
Walmart, Inc. | 1,999,429 | 239,491,606 | ||||||
386,405,591 | ||||||||
Food Products — 3.1% | ||||||||
Hershey Co. (The) | 1,098,400 | 142,374,608 | ||||||
Nestle SA | 1,797,300 | 198,557,060 | ||||||
340,931,668 | ||||||||
Gas Utilities — 5.5% | ||||||||
Atmos Energy Corp. | 2,199,747 | 219,050,806 | ||||||
ONE Gas, Inc.(1) | 2,899,420 | 223,400,311 | ||||||
Spire, Inc. | 2,499,679 | 164,253,907 | ||||||
606,705,024 | ||||||||
Health Care Equipment and Supplies — 4.6% | ||||||||
Becton Dickinson and Co. | 699,526 | 167,375,586 | ||||||
Medtronic plc | 3,698,079 | 339,113,844 | ||||||
506,489,430 | ||||||||
Health Care Providers and Services — 0.5% | ||||||||
Quest Diagnostics, Inc. | 477,758 | 54,445,302 | ||||||
Health Care Technology — 0.4% | ||||||||
Cerner Corp. | 694,200 | 47,587,410 | ||||||
Household Products — 5.4% | ||||||||
Colgate-Palmolive Co. | 1,696,300 | 124,270,938 | ||||||
Kimberly-Clark Corp. | 2,346,580 | 331,689,083 | ||||||
Procter & Gamble Co. (The) | 1,149,638 | 137,462,216 | ||||||
593,422,237 | ||||||||
Insurance — 4.5% | ||||||||
Aflac, Inc. | 1,896,398 | 68,327,220 | ||||||
Chubb Ltd. | 1,554,928 | 196,884,983 | ||||||
Marsh & McLennan Cos., Inc. | 2,189,705 | 235,108,626 | ||||||
500,320,829 | ||||||||
IT Services — 1.3% | ||||||||
Automatic Data Processing, Inc. | 995,092 | 148,159,248 | ||||||
Machinery — 0.3% | ||||||||
PACCAR, Inc. | 399,400 | 29,895,090 | ||||||
Oil, Gas and Consumable Fuels — 4.3% | ||||||||
Chevron Corp. | 1,497,816 | 133,650,122 | ||||||
Enterprise Products Partners LP | 8,998,418 | 163,501,255 | ||||||
Shell Midstream Partners LP | 2,498,136 | 30,652,129 | ||||||
TOTAL SA | 3,996,758 | 152,234,887 | ||||||
480,038,393 | ||||||||
Personal Products — 1.0% | ||||||||
Unilever NV (New York) | 2,099,300 | 111,337,105 | ||||||
Pharmaceuticals — 8.9% | ||||||||
GlaxoSmithKline plc, ADR | 1,596,800 | 65,133,472 | ||||||
Johnson & Johnson | 3,697,172 | 519,933,299 | ||||||
Pfizer, Inc. | 2,998,799 | 98,060,727 | ||||||
Roche Holding AG | 878,200 | 304,060,547 | ||||||
987,188,045 | ||||||||
Road and Rail — 1.9% | ||||||||
Norfolk Southern Corp. | 1,198,341 | 210,392,729 | ||||||
Semiconductors and Semiconductor Equipment — 5.2% | ||||||||
Applied Materials, Inc. | 557,839 | 33,721,368 | ||||||
Intel Corp. | 940,657 | 56,279,508 | ||||||
Maxim Integrated Products, Inc. | 2,876,900 | 174,368,909 | ||||||
Texas Instruments, Inc. | 2,398,486 | 304,535,767 | ||||||
568,905,552 | ||||||||
Software — 2.7% | ||||||||
Microsoft Corp. | 1,479,736 | 301,141,073 | ||||||
Thrifts and Mortgage Finance — 0.9% | ||||||||
Capitol Federal Financial, Inc.(1) | 9,199,479 | 101,286,264 | ||||||
TOTAL COMMON STOCKS (Cost $7,244,241,031) | 8,487,296,417 | |||||||
PREFERRED STOCKS — 8.8% | ||||||||
Banks — 6.1% | ||||||||
Bank of America Corp., 4.30% | 83,849,000 | 74,965,198 | ||||||
Bank of America Corp., 5.875% | 103,305,000 | 105,736,121 | ||||||
Citigroup, Inc., 5.95% | 79,950,000 | 79,447,520 | ||||||
JPMorgan Chase & Co., 4.23% | 41,879,000 | 38,203,652 | ||||||
JPMorgan Chase & Co., 4.60% | 89,974,000 | 80,333,286 | ||||||
JPMorgan Chase & Co., 5.00% | 160,963,000 | 154,955,378 | ||||||
U.S. Bancorp, 5.30% | 138,862,000 | 140,335,686 | ||||||
673,976,841 | ||||||||
Capital Markets — 0.7% | ||||||||
Bank of New York Mellon Corp. (The), 3.73% | 28,923,000 | 27,441,835 | ||||||
Bank of New York Mellon Corp. (The), 4.70% | 9,978,000 | 10,402,065 | ||||||
Charles Schwab Corp. (The), 5.00% | 6,753,000 | 6,657,810 | ||||||
Charles Schwab Corp. (The), 5.375% | 34,680,000 | 37,136,038 | ||||||
81,637,748 | ||||||||
Electric Utilities — 1.0% | ||||||||
Duke Energy Corp., 4.875% | 103,962,000 | 103,984,496 | ||||||
Insurance — 0.1% | ||||||||
Progressive Corp. (The), 5.375% | 15,332,000 | 15,247,827 | ||||||
Multi-Utilities — 0.6% | ||||||||
Dominion Energy, Inc., 4.65% | 69,985,000 | 68,591,052 | ||||||
Oil, Gas and Consumable Fuels — 0.3% | ||||||||
Plains All American Pipeline LP, 6.125% | 49,649,000 | 35,488,141 | ||||||
TOTAL PREFERRED STOCKS (Cost $1,023,788,801) | 978,926,105 | |||||||
CONVERTIBLE BONDS — 5.3% | ||||||||
Aerospace and Defense — 0.1% | ||||||||
Goldman Sachs International, (convertible into Raytheon Co.), 2.40%, 8/31/20(2)(3) | 99,900 | 14,555,930 | ||||||
Airlines — 0.4% | ||||||||
Southwest Airlines Co., 1.25%, 5/1/25 | 35,919,000 | 43,319,427 | ||||||
Capital Markets — 0.3% | ||||||||
UBS AG, (convertible into Charles Schwab Corp. (The)), 18.30%, 10/20/20(2)(3) | 999,000 | 35,329,635 | ||||||
Construction Materials — 0.8% | ||||||||
Citigroup Global Markets Holdings, Inc., (convertible into Martin Marietta Materials, Inc.), 3.45%, 9/1/20(2)(3) | 74,944 | 15,291,948 | ||||||
Credit Suisse AG, (convertible into Martin Marietta Materials, Inc.), 18.85%, 10/8/20(2)(3) | 99,900 | 20,481,698 | ||||||
Morgan Stanley B.V., (convertible into Martin Marietta Materials, Inc.), 6.81%, 9/14/20(2)(3) | 99,900 | 19,955,524 | ||||||
Morgan Stanley B.V., (convertible into Martin Marietta Materials, Inc.), 17.46%, 11/10/20(2)(3) | 99,900 | 19,053,428 | ||||||
Royal Bank of Canada, (convertible into Martin Marietta Materials, Inc.), 3.65%, 8/21/20(2)(3) | 59,900 | 12,486,155 | ||||||
87,268,753 | ||||||||
Diversified Financial Services — 0.9% | ||||||||
Merrill Lynch International & Co. C.V., (convertible into Berkshire Hathaway, Inc., Class B), 1.85%, 8/21/20(2)(3) | 264,000 | 46,590,720 | ||||||
Wells Fargo Bank N.A., (convertible into Berkshire Hathaway, Inc., Class B), 1.01%, 7/9/20(2)(3) | 169,900 | 30,588,796 | ||||||
Wells Fargo Bank N.A., (convertible into Berkshire Hathaway, Inc., Class B), 1.69%, 7/30/20(2)(3) | 149,900 | 27,022,473 | ||||||
104,201,989 | ||||||||
Electrical Equipment — 0.3% | ||||||||
Credit Suisse AG, (convertible into Emerson Electric Co.), 17.50%, 11/2/20(2)(3) | 532,100 | 30,439,047 | ||||||
Health Care Equipment and Supplies — 0.7% | ||||||||
Envista Holdings Corp., 2.375%, 6/1/25(3) | 27,874,000 | 33,997,826 | ||||||
Morgan Stanley B.V., (convertible into Hologic, Inc.), 0.81%, 7/16/20(2)(3) | 229,000 | 12,583,550 | ||||||
Royal Bank of Canada, (convertible into Hologic, Inc.), 1.55%, 8/4/20(2)(3) | 319,900 | 17,479,336 | ||||||
Royal Bank of Canada, (convertible into Hologic, Inc.), 10.75%, 9/16/20(2)(3) | 295,700 | 13,395,210 | ||||||
77,455,922 | ||||||||
Health Care Technology — 0.5% | ||||||||
Citigroup Global Markets Holdings, Inc., (convertible into Cerner Corp.), 8.50%, 12/18/20(2)(3) | 450,400 | 30,823,124 | ||||||
Merrill Lynch International & Co. C.V., (convertible into Cerner Corp.), 6.70%, 12/3/20(2)(3) | 309,800 | 21,543,492 | ||||||
52,366,616 | ||||||||
Oil, Gas and Consumable Fuels — 0.3% | ||||||||
Pioneer Natural Resources Co., 0.25%, 5/15/25(3) | 25,814,000 | 30,584,088 | ||||||
Semiconductors and Semiconductor Equipment — 1.0% | ||||||||
Microchip Technology, Inc., 1.625%, 2/15/27 | 77,697,000 | 114,800,970 | ||||||
TOTAL CONVERTIBLE BONDS (Cost $576,679,739) | 590,322,377 | |||||||
EXCHANGE-TRADED FUNDS — 3.9% | ||||||||
iShares Russell 1000 Value ETF (Cost $405,943,798) | 3,797,042 | 427,622,870 | ||||||
CONVERTIBLE PREFERRED STOCKS — 2.7% | ||||||||
Auto Components — 0.2% | ||||||||
Aptiv plc, 5.50%, 6/15/23 | 199,605 | 20,515,402 | ||||||
Banks — 0.4% | ||||||||
Bank of America Corp., 7.25% | 8,824 | 11,843,573 | ||||||
Wells Fargo & Co., 7.50% | 29,957 | 38,854,229 | ||||||
50,697,802 | ||||||||
Health Care Equipment and Supplies — 0.8% | ||||||||
Becton Dickinson and Co., 6.00%, 6/1/23 | 1,599,424 | 85,089,356 | ||||||
Machinery — 1.3% | ||||||||
Stanley Black & Decker, Inc., 5.00% | 124,938 | 142,305,594 | ||||||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $274,003,855) | 298,608,154 | |||||||
CORPORATE BONDS — 0.2% | ||||||||
Electric Utilities — 0.2% | ||||||||
NextEra Energy Capital Holdings, Inc., VRN, 5.65%, 5/1/79 (Cost $20,019,029) | 19,991,000 | 21,843,913 | ||||||
TEMPORARY CASH INVESTMENTS — 1.5% | ||||||||
Federal Home Loan Bank Discount Notes, 0.00%, 7/1/20(4) | 72,500,000 | 72,500,000 | ||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.125% - 3.125%, 12/31/22 - 2/15/43, valued at $41,015,415), in a joint trading account at 0.02%, dated 6/30/20, due 7/1/20 (Delivery value $40,227,689) | 40,227,667 | |||||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.125% - 3.375%, 1/15/30 - 11/15/48, valued at $53,437,022), at 0.05%, dated 6/30/20, due 7/1/20 (Delivery value $52,389,073) | 52,389,000 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 616,539 | 616,539 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $165,733,206) | 165,733,206 | |||||||
TOTAL INVESTMENT SECURITIES — 99.2% (Cost $9,710,409,459) | 10,970,353,042 | |||||||
OTHER ASSETS AND LIABILITIES — 0.8% | 84,634,954 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 11,054,987,996 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 507,680,391 | CHF | 479,638,665 | UBS AG | 9/30/20 | $ | 82,203 | |||||||||||||
EUR | 9,332,073 | USD | 10,513,234 | Credit Suisse AG | 9/30/20 | (7,762) | ||||||||||||||
USD | 412,554,825 | EUR | 365,552,132 | Credit Suisse AG | 9/30/20 | 1,038,826 | ||||||||||||||
USD | 53,018,998 | GBP | 42,486,576 | JPMorgan Chase Bank N.A. | 9/30/20 | 346,412 | ||||||||||||||
$ | 1,459,679 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | - | American Depositary Receipt | ||||||
CHF | - | Swiss Franc | ||||||
EUR | - | Euro | ||||||
GBP | - | British Pound | ||||||
USD | - | United States Dollar | ||||||
VRN | - | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Chemicals | — | 85,206,068 | — | ||||||||
Electrical Equipment | 570,456,948 | 44,943,877 | — | ||||||||
Food and Staples Retailing | 239,491,606 | 146,913,985 | — | ||||||||
Food Products | 142,374,608 | 198,557,060 | — | ||||||||
Oil, Gas and Consumable Fuels | 327,803,506 | 152,234,887 | — | ||||||||
Personal Products | — | 111,337,105 | — | ||||||||
Pharmaceuticals | 683,127,498 | 304,060,547 | — | ||||||||
Other Industries | 5,480,788,722 | — | — | ||||||||
Preferred Stocks | — | 978,926,105 | — | ||||||||
Convertible Bonds | — | 590,322,377 | — | ||||||||
Exchange-Traded Funds | 427,622,870 | — | — | ||||||||
Convertible Preferred Stocks | 298,608,154 | — | — | ||||||||
Corporate Bonds | — | 21,843,913 | — | ||||||||
Temporary Cash Investments | 616,539 | 165,116,667 | — | ||||||||
8,170,890,451 | 2,799,462,591 | — | |||||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | 1,467,441 | — | ||||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | 7,762 | — |
Company | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Income | ||||||||||||||||||
Capitol Federal Financial, Inc. | $ | 106,806 | — | — | $ | (5,520) | $ | 101,286 | 9,199 | — | $ | 782 | ||||||||||||||
ONE Gas, Inc. | 208,899 | $ | 30,363 | — | (15,861) | 223,401 | 2,899 | — | 1,403 | |||||||||||||||||
$ | 315,705 | $ | 30,363 | — | $ | (21,381) | $ | 324,687 | 12,098 | — | $ | 2,185 |