Small Cap Value - Schedule of Investments | ||
JUNE 30, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 98.1% | ||||||||
Banks — 18.3% | ||||||||
Ameris Bancorp | 1,362,661 | 68,991,526 | ||||||
BankUnited, Inc. | 1,900,000 | 81,111,000 | ||||||
F.N.B. Corp. | 5,245,000 | 64,670,850 | ||||||
First BanCorp | 1,470,000 | 17,522,400 | ||||||
First Hawaiian, Inc. | 820,000 | 23,238,800 | ||||||
First Mid Bancshares, Inc. | 280,000 | 11,342,800 | ||||||
Five Star Bancorp(1) | 179,479 | 4,334,418 | ||||||
Hilltop Holdings, Inc. | 530,000 | 19,292,000 | ||||||
Home BancShares, Inc. | 2,905,000 | 71,695,400 | ||||||
Independent Bank Corp. (Massachusetts) | 365,000 | 27,557,500 | ||||||
Independent Bank Group, Inc. | 1,135,000 | 83,967,300 | ||||||
Old National Bancorp | 3,595,000 | 63,307,950 | ||||||
Origin Bancorp, Inc. | 815,000 | 34,604,900 | ||||||
Pacific Premier Bancorp, Inc. | 1,785,000 | 75,487,650 | ||||||
QCR Holdings, Inc. | 305,000 | 14,667,450 | ||||||
Renasant Corp. | 425,000 | 17,000,000 | ||||||
Signature Bank | 215,000 | 52,814,750 | ||||||
South State Corp. | 665,000 | 54,370,400 | ||||||
Towne Bank | 1,305,000 | 39,698,100 | ||||||
UMB Financial Corp. | 1,232,208 | 114,669,277 | ||||||
Valley National Bancorp | 8,585,000 | 115,296,550 | ||||||
1,055,641,021 | ||||||||
Building Products — 1.6% | ||||||||
Cornerstone Building Brands, Inc.(1) | 2,228,389 | 40,512,112 | ||||||
DIRTT Environmental Solutions(1)(2) | 3,195,000 | 13,658,625 | ||||||
Tecnoglass, Inc.(2) | 1,795,000 | 38,413,000 | ||||||
92,583,737 | ||||||||
Capital Markets — 1.8% | ||||||||
Donnelley Financial Solutions, Inc.(1)(3) | 3,085,000 | 101,805,000 | ||||||
Chemicals — 1.1% | ||||||||
Minerals Technologies, Inc. | 815,000 | 64,116,050 | ||||||
Commercial Services and Supplies — 6.6% | ||||||||
Brink's Co. (The) | 1,425,000 | 109,497,000 | ||||||
CECO Environmental Corp.(1)(3) | 1,785,000 | 12,780,600 | ||||||
Charah Solutions, Inc.(1)(2)(3) | 1,939,467 | 9,794,309 | ||||||
Deluxe Corp.(3) | 2,112,773 | 100,927,166 | ||||||
Healthcare Services Group, Inc. | 805,000 | 25,413,850 | ||||||
KAR Auction Services, Inc.(1) | 4,385,000 | 76,956,750 | ||||||
Loomis AB | 1,455,000 | 45,517,899 | ||||||
380,887,574 | ||||||||
Construction and Engineering — 2.6% | ||||||||
Arcosa, Inc. | 690,000 | 40,530,600 | ||||||
Dycom Industries, Inc.(1) | 930,000 | 69,312,900 | ||||||
NV5 Global, Inc.(1) | 440,000 | 41,584,400 | ||||||
151,427,900 | ||||||||
Containers and Packaging — 4.0% | ||||||||
Graphic Packaging Holding Co. | 8,495,000 | 154,099,300 |
Pactiv Evergreen, Inc. | 5,090,000 | 76,706,300 | ||||||
230,805,600 | ||||||||
Diversified Financial Services — 2.2% | ||||||||
A-Mark Precious Metals, Inc. | 295,000 | 13,717,500 | ||||||
Compass Diversified Holdings(3) | 4,389,469 | 111,931,459 | ||||||
125,648,959 | ||||||||
Electronic Equipment, Instruments and Components — 7.3% | ||||||||
Advanced Energy Industries, Inc. | 255,000 | 28,741,050 | ||||||
Avnet, Inc. | 2,500,000 | 100,200,000 | ||||||
Belden, Inc. | 853,994 | 43,186,477 | ||||||
Coherent, Inc.(1) | 380,000 | 100,449,200 | ||||||
II-VI, Inc.(1) | 2,030,000 | 147,357,700 | ||||||
419,934,427 | ||||||||
Energy Equipment and Services — 1.2% | ||||||||
ChampionX Corp.(1) | 2,675,000 | 68,613,750 | ||||||
NCS Multistage Holdings, Inc.(1) | 55,000 | 1,670,350 | ||||||
70,284,100 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 6.4% | ||||||||
Brandywine Realty Trust | 4,725,000 | 64,779,750 | ||||||
Cousins Properties, Inc. | 1,530,000 | 56,273,400 | ||||||
Four Corners Property Trust, Inc. | 1,635,000 | 45,142,350 | ||||||
Getty Realty Corp. | 845,000 | 26,321,750 | ||||||
Healthcare Realty Trust, Inc. | 550,000 | 16,610,000 | ||||||
Highwoods Properties, Inc. | 585,000 | 26,424,450 | ||||||
Kite Realty Group Trust | 1,480,000 | 32,574,800 | ||||||
Lexington Realty Trust | 1,340,000 | 16,013,000 | ||||||
National Health Investors, Inc. | 465,000 | 31,178,250 | ||||||
NETSTREIT Corp. | 470,000 | 10,838,200 | ||||||
Physicians Realty Trust | 570,000 | 10,527,900 | ||||||
Sabra Health Care REIT, Inc. | 460,000 | 8,372,000 | ||||||
Summit Hotel Properties, Inc.(1) | 1,520,000 | 14,181,600 | ||||||
Weingarten Realty Investors | 280,000 | 8,979,600 | ||||||
368,217,050 | ||||||||
Gas Utilities — 0.4% | ||||||||
South Jersey Industries, Inc. | 980,000 | 25,411,400 | ||||||
Health Care Providers and Services — 1.4% | ||||||||
Apria, Inc.(1) | 1,050,000 | 29,400,000 | ||||||
National HealthCare Corp. | 340,000 | 23,766,000 | ||||||
Premier, Inc., Class A | 775,000 | 26,962,250 | ||||||
80,128,250 | ||||||||
Hotels, Restaurants and Leisure — 3.1% | ||||||||
Accel Entertainment, Inc.(1) | 3,600,000 | 42,732,000 | ||||||
BJ's Restaurants, Inc.(1) | 485,000 | 23,832,900 | ||||||
Dave & Buster's Entertainment, Inc.(1) | 1,445,000 | 58,667,000 | ||||||
Red Robin Gourmet Burgers, Inc.(1)(3) | 1,555,000 | 51,486,050 | ||||||
176,717,950 | ||||||||
Household Durables — 1.8% | ||||||||
Mohawk Industries, Inc.(1) | 75,000 | 14,414,250 | ||||||
Skyline Champion Corp.(1) | 1,685,000 | 89,810,500 | ||||||
104,224,750 | ||||||||
Household Products — 2.4% | ||||||||
Spectrum Brands Holdings, Inc. | 1,660,000 | 141,166,400 | ||||||
Insurance — 2.8% | ||||||||
Axis Capital Holdings Ltd. | 1,960,000 | 96,059,600 | ||||||
James River Group Holdings Ltd. | 940,000 | 35,268,800 |
ProAssurance Corp. | 700,000 | 15,925,000 | ||||||
ProSight Global, Inc.(1) | 1,301,634 | 16,608,850 | ||||||
163,862,250 | ||||||||
IT Services — 2.6% | ||||||||
EVERTEC, Inc. | 2,400,000 | 104,760,000 | ||||||
IBEX Holdings Ltd.(1) | 790,000 | 15,420,800 | ||||||
TaskUS, Inc., Class A(1) | 820,821 | 28,104,911 | ||||||
148,285,711 | ||||||||
Leisure Products — 3.4% | ||||||||
Brunswick Corp. | 795,000 | 79,197,900 | ||||||
Hayward Holdings, Inc.(1) | 1,880,000 | 48,917,600 | ||||||
Malibu Boats, Inc., Class A(1) | 970,000 | 71,130,100 | ||||||
199,245,600 | ||||||||
Machinery — 5.8% | ||||||||
Albany International Corp., Class A | 582,888 | 52,028,583 | ||||||
Colfax Corp.(1) | 1,905,000 | 87,268,050 | ||||||
EnPro Industries, Inc. | 325,000 | 31,573,750 | ||||||
Gates Industrial Corp. plc(1) | 2,915,000 | 52,674,050 | ||||||
Graham Corp.(3) | 740,839 | 10,193,945 | ||||||
Hurco Cos., Inc. | 111,729 | 3,910,515 | ||||||
Luxfer Holdings plc | 807,998 | 17,977,955 | ||||||
Timken Co. (The) | 1,000,000 | 80,590,000 | ||||||
336,216,848 | ||||||||
Media — 1.0% | ||||||||
Entravision Communications Corp., Class A(3) | 7,745,000 | 51,736,600 | ||||||
Townsquare Media, Inc., Class A(1) | 680,000 | 8,670,000 | ||||||
60,406,600 | ||||||||
Oil, Gas and Consumable Fuels — 1.1% | ||||||||
Earthstone Energy, Inc., Class A(1) | 1,064,065 | 11,779,200 | ||||||
Enviva Partners LP | 1,031,532 | 54,062,592 | ||||||
65,841,792 | ||||||||
Personal Products — 2.0% | ||||||||
Edgewell Personal Care Co. | 2,325,000 | 102,067,500 | ||||||
Honest Co., Inc. (The)(1)(2) | 745,000 | 12,061,550 | ||||||
114,129,050 | ||||||||
Professional Services — 2.9% | ||||||||
Barrett Business Services, Inc.(3) | 440,000 | 31,948,400 | ||||||
KBR, Inc. | 1,305,000 | 49,785,750 | ||||||
Korn Ferry | 1,205,000 | 87,422,750 | ||||||
169,156,900 | ||||||||
Semiconductors and Semiconductor Equipment — 1.5% | ||||||||
Kulicke & Soffa Industries, Inc. | 1,395,000 | 85,374,000 | ||||||
Software — 3.2% | ||||||||
Avaya Holdings Corp.(1) | 2,120,000 | 57,028,000 | ||||||
Teradata Corp.(1) | 2,525,000 | 126,174,250 | ||||||
183,202,250 | ||||||||
Specialty Retail — 4.3% | ||||||||
MarineMax, Inc.(1)(3) | 1,545,000 | 75,303,300 | ||||||
OneWater Marine, Inc., Class A(3) | 1,215,000 | 51,066,450 | ||||||
Penske Automotive Group, Inc. | 1,625,000 | 122,671,250 | ||||||
249,041,000 | ||||||||
Textiles, Apparel and Luxury Goods — 1.5% | ||||||||
Tapestry, Inc.(1) | 1,960,000 | 85,220,800 | ||||||
Thrifts and Mortgage Finance — 0.8% | ||||||||
Premier Financial Corp. | 660,000 | 18,750,600 |
Provident Financial Services, Inc. | 1,130,000 | 25,865,700 | ||||||
44,616,300 | ||||||||
Trading Companies and Distributors — 3.0% | ||||||||
Beacon Roofing Supply, Inc.(1) | 1,220,000 | 64,965,000 | ||||||
DXP Enterprises, Inc.(1)(3) | 1,260,000 | 41,958,000 | ||||||
GMS, Inc.(1) | 1,275,000 | 61,378,500 | ||||||
Karat Packaging, Inc.(1)(2) | 374,230 | 7,623,065 | ||||||
175,924,565 | ||||||||
TOTAL COMMON STOCKS (Cost $4,323,299,933) | 5,669,523,834 | |||||||
TEMPORARY CASH INVESTMENTS — 1.8% | ||||||||
Federal Home Loan Bank Discount Notes, 0.01%, 7/1/21 | 12,500,000 | 12,500,000 | ||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.125% - 2.75%, 5/15/23 - 10/31/27, valued at $29,670,333), in a joint trading account at 0.01%, dated 6/30/21, due 7/1/21 (Delivery value $29,087,413) | 29,087,405 | |||||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 2.75%, 11/15/42, valued at $49,463,951), at 0.02%, dated 6/30/21, due 7/1/21 (Delivery value $48,494,027) | 48,494,000 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 14,527,942 | 14,527,942 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $104,609,347) | 104,609,347 | |||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(4)† | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $276,100) | 276,100 | 276,100 | ||||||
TOTAL INVESTMENT SECURITIES — 99.9% (Cost $4,428,185,380) | 5,774,409,281 | |||||||
OTHER ASSETS AND LIABILITIES — 0.1% | 5,740,870 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 5,780,150,151 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 38,433,711 | SEK | 327,217,700 | UBS AG | 9/30/21 | $ | 166,798 | |||||||||||||
USD | 1,101,979 | SEK | 9,425,650 | UBS AG | 9/30/21 | (316) | ||||||||||||||
$ | 166,482 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
SEK | - | Swedish Krona | ||||||
USD | - | United States Dollar |
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | 5,624,005,935 | 45,517,899 | — | ||||||||
Temporary Cash Investments | 14,527,942 | 90,081,405 | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 276,100 | — | — | ||||||||
5,638,809,977 | 135,599,304 | — | |||||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | 166,798 | — | ||||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | 316 | — |
Company | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Income | ||||||||||||||||||
Barrett Business Services, Inc. | $ | 28,577 | $ | 1,823 | — | $ | 1,548 | $ | 31,948 | 440 | — | $ | 132 | |||||||||||||
CECO Environmental Corp.(1) | 13,600 | 511 | — | (1,330) | 12,781 | 1,785 | — | — | ||||||||||||||||||
Charah Solutions, Inc.(1)(2) | 9,748 | 565 | $ | 1,986 | 1,467 | 9,794 | 1,939 | $ | (987) | — | ||||||||||||||||
Compass Diversified Holdings | 93,642 | 7,445 | 14 | 10,858 | 111,931 | 4,389 | — | 293 | ||||||||||||||||||
DXP Enterprises, Inc.(1) | 33,853 | 5,949 | 1,938 | 4,094 | 41,958 | 1,260 | (113) | — | ||||||||||||||||||
Deluxe Corp. | 87,487 | 8,014 | 8,160 | 13,586 | 100,927 | 2,113 | (1,407) | 641 | ||||||||||||||||||
Donnelley Financial Solutions, Inc.(1) | 86,273 | 8,254 | 9,229 | 16,507 | 101,805 | 3,085 | 460 | — | ||||||||||||||||||
Entravision Communications Corp., Class A | 33,027 | 1,035 | 2,544 | 20,219 | 51,737 | 7,745 | 2,011 | 211 | ||||||||||||||||||
Graham Corp. | 10,549 | — | — | (355) | 10,194 | 741 | — | 81 | ||||||||||||||||||
MarineMax, Inc.(1) | 57,751 | 19,252 | — | (1,700) | 75,303 | 1,545 | — | — | ||||||||||||||||||
OneWater Marine, Inc., Class A | 45,155 | 3,842 | — | 2,070 | 51,067 | 1,215 | — | 2,187 | ||||||||||||||||||
Red Robin Gourmet Burgers, Inc.(1) | 59,034 | 2,798 | — | (10,346) | 51,486 | 1,555 | — | — | ||||||||||||||||||
$ | 558,696 | $ | 59,488 | $ | 23,871 | $ | 56,618 | $ | 650,931 | 27,812 | $ | (36) | $ | 3,545 |