Mid Cap Value - Schedule of Investments | ||
DECEMBER 31, 2022 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 97.8% | ||||||||
Aerospace and Defense — 1.3% | ||||||||
Huntington Ingalls Industries, Inc. | 496,446 | 114,520,163 | ||||||
Airlines — 1.7% | ||||||||
Southwest Airlines Co.(1) | 4,569,372 | 153,850,755 | ||||||
Auto Components — 2.5% | ||||||||
Aptiv PLC(1) | 423,604 | 39,450,241 | ||||||
BorgWarner, Inc. | 3,495,389 | 140,689,407 | ||||||
Cie Generale des Etablissements Michelin SCA | 1,910,633 | 53,225,018 | ||||||
233,364,666 | ||||||||
Banks — 6.1% | ||||||||
First Hawaiian, Inc. | 5,449,000 | 141,891,960 | ||||||
Prosperity Bancshares, Inc. | 1,690,355 | 122,855,001 | ||||||
Truist Financial Corp. | 3,701,614 | 159,280,450 | ||||||
U.S. Bancorp | 2,206,849 | 96,240,685 | ||||||
Westamerica Bancorporation | 684,254 | 40,377,829 | ||||||
560,645,925 | ||||||||
Building Products — 1.1% | ||||||||
Cie de Saint-Gobain | 1,997,349 | 97,711,906 | ||||||
Capital Markets — 7.2% | ||||||||
Ameriprise Financial, Inc. | 114,616 | 35,687,984 | ||||||
Bank of New York Mellon Corp. | 5,219,425 | 237,588,226 | ||||||
Northern Trust Corp. | 2,854,978 | 252,637,003 | ||||||
T. Rowe Price Group, Inc. | 1,258,473 | 137,249,066 | ||||||
663,162,279 | ||||||||
Chemicals — 2.0% | ||||||||
Akzo Nobel NV | 1,492,261 | 100,134,484 | ||||||
Axalta Coating Systems Ltd.(1) | 3,425,113 | 87,237,628 | ||||||
187,372,112 | ||||||||
Commercial Services and Supplies — 0.4% | ||||||||
Republic Services, Inc. | 315,568 | 40,705,116 | ||||||
Communications Equipment — 1.9% | ||||||||
F5, Inc.(1) | 710,146 | 101,913,052 | ||||||
Juniper Networks, Inc. | 2,344,087 | 74,917,021 | ||||||
176,830,073 | ||||||||
Construction and Engineering — 1.1% | ||||||||
Vinci SA | 979,909 | 97,684,065 | ||||||
Containers and Packaging — 3.1% | ||||||||
Amcor PLC | 7,381,807 | 87,917,321 | ||||||
Packaging Corp. of America | 1,134,817 | 145,154,443 | ||||||
Sonoco Products Co. | 842,251 | 51,133,058 | ||||||
284,204,822 | ||||||||
Electric Utilities — 5.0% | ||||||||
Duke Energy Corp. | 973,038 | 100,213,184 | ||||||
Edison International | 3,112,555 | 198,020,749 | ||||||
Evergy, Inc. | 702,229 | 44,191,271 | ||||||
Eversource Energy | 546,084 | 45,783,682 | ||||||
Pinnacle West Capital Corp. | 986,426 | 75,007,833 | ||||||
463,216,719 | ||||||||
Electrical Equipment — 3.8% | ||||||||
Atkore, Inc.(1) | 356,218 | 40,402,245 | ||||||
Emerson Electric Co. | 1,384,941 | 133,037,432 | ||||||
Legrand SA | 915,390 | 73,397,521 | ||||||
nVent Electric PLC | 2,749,963 | 105,791,077 | ||||||
352,628,275 | ||||||||
Electronic Equipment, Instruments and Components — 1.5% | ||||||||
Corning, Inc. | 1,105,187 | 35,299,673 | ||||||
TE Connectivity Ltd. | 848,173 | 97,370,260 | ||||||
132,669,933 | ||||||||
Energy Equipment and Services — 1.0% | ||||||||
Baker Hughes Co. | 3,043,759 | 89,882,203 | ||||||
Entertainment — 0.5% | ||||||||
Electronic Arts, Inc. | 395,059 | 48,268,309 | ||||||
Equity Real Estate Investment Trusts (REITs) — 8.4% | ||||||||
Equinix, Inc. | 168,571 | 110,419,062 | ||||||
Essex Property Trust, Inc. | 462,201 | 97,949,636 | ||||||
Healthpeak Properties, Inc. | 5,349,549 | 134,113,194 | ||||||
Public Storage | 279,618 | 78,346,167 | ||||||
Realty Income Corp. | 2,059,818 | 130,654,256 | ||||||
Regency Centers Corp. | 1,877,081 | 117,317,563 | ||||||
VICI Properties, Inc. | 814,931 | 26,403,764 | ||||||
Weyerhaeuser Co. | 813,673 | 25,223,863 | ||||||
WP Carey, Inc. | 669,333 | 52,308,374 | ||||||
772,735,879 | ||||||||
Food and Staples Retailing — 1.9% | ||||||||
Koninklijke Ahold Delhaize NV | 6,106,878 | 175,580,455 | ||||||
Food Products — 2.9% | ||||||||
Conagra Brands, Inc. | 4,368,031 | 169,042,800 | ||||||
J.M. Smucker Co. | 613,761 | 97,256,568 | ||||||
266,299,368 | ||||||||
Gas Utilities — 2.3% | ||||||||
Atmos Energy Corp. | 211,675 | 23,722,417 | ||||||
Spire, Inc.(2) | 2,649,113 | 182,417,921 | ||||||
206,140,338 | ||||||||
Health Care Equipment and Supplies — 6.4% | ||||||||
Baxter International, Inc. | 905,044 | 46,130,093 | ||||||
Becton Dickinson and Co. | 156,227 | 39,728,526 | ||||||
DENTSPLY SIRONA, Inc. | 2,004,914 | 63,836,462 | ||||||
Embecta Corp. | 2,550,130 | 64,492,788 | ||||||
Envista Holdings Corp.(1) | 1,281,191 | 43,137,701 | ||||||
Hologic, Inc.(1) | 626,087 | 46,837,568 | ||||||
Zimmer Biomet Holdings, Inc. | 2,188,706 | 279,060,015 | ||||||
583,223,153 | ||||||||
Health Care Providers and Services — 7.5% | ||||||||
AmerisourceBergen Corp. | 706,674 | 117,102,949 | ||||||
Cardinal Health, Inc. | 576,116 | 44,286,037 | ||||||
HCA Healthcare, Inc. | 105,469 | 25,308,341 | ||||||
Henry Schein, Inc.(1) | 1,871,294 | 149,460,252 | ||||||
Laboratory Corp. of America Holdings | 433,478 | 102,075,399 | ||||||
Quest Diagnostics, Inc. | 733,186 | 114,699,618 | ||||||
Universal Health Services, Inc., Class B | 987,626 | 139,146,627 | ||||||
692,079,223 | ||||||||
Hotels, Restaurants and Leisure — 0.9% | ||||||||
Sodexo SA(3) | 891,948 | 85,340,124 | ||||||
Household Products — 2.5% | ||||||||
Henkel AG & Co. KGaA, Preference Shares | 1,343,933 | 93,151,609 | ||||||
Kimberly-Clark Corp. | 1,000,410 | 135,805,657 | ||||||
228,957,266 | ||||||||
Insurance — 6.0% | ||||||||
Aflac, Inc. | 852,201 | 61,307,340 | ||||||
Allstate Corp. | 1,447,222 | 196,243,303 | ||||||
Chubb Ltd. | 114,128 | 25,176,637 | ||||||
Hanover Insurance Group, Inc. | 548,945 | 74,178,938 | ||||||
Reinsurance Group of America, Inc. | 753,667 | 107,088,544 | ||||||
Willis Towers Watson PLC | 349,852 | 85,566,802 | ||||||
549,561,564 | ||||||||
IT Services — 1.1% | ||||||||
Amdocs Ltd. | 1,135,800 | 103,244,220 | ||||||
Machinery — 3.2% | ||||||||
Cummins, Inc. | 214,706 | 52,021,117 | ||||||
IMI PLC | 4,443,602 | 69,399,443 | ||||||
Oshkosh Corp. | 1,940,310 | 171,115,939 | ||||||
292,536,499 | ||||||||
Media — 2.0% | ||||||||
Fox Corp., Class B | 3,687,714 | 104,915,463 | ||||||
Omnicom Group, Inc. | 947,198 | 77,262,941 | ||||||
182,178,404 | ||||||||
Multiline Retail — 1.6% | ||||||||
Dollar Tree, Inc.(1) | 1,028,957 | 145,535,678 | ||||||
Multi-Utilities — 1.6% | ||||||||
NorthWestern Corp. | 2,531,918 | 150,244,014 | ||||||
Oil, Gas and Consumable Fuels — 3.1% | ||||||||
Devon Energy Corp. | 531,477 | 32,691,150 | ||||||
Diamondback Energy, Inc. | 445,413 | 60,923,590 | ||||||
Enterprise Products Partners LP | 4,725,778 | 113,985,766 | ||||||
EQT Corp. | 1,359,798 | 46,001,966 | ||||||
Phillips 66 | 335,142 | 34,881,579 | ||||||
288,484,051 | ||||||||
Paper and Forest Products — 0.1% | ||||||||
Mondi PLC | 634,700 | 10,733,349 | ||||||
Road and Rail — 0.7% | ||||||||
Heartland Express, Inc.(2) | 4,103,800 | 62,952,292 | ||||||
Semiconductors and Semiconductor Equipment — 1.0% | ||||||||
Applied Materials, Inc. | 424,551 | 41,342,777 | ||||||
Teradyne, Inc. | 523,666 | 45,742,225 | ||||||
87,085,002 | ||||||||
Specialty Retail — 1.3% | ||||||||
Advance Auto Parts, Inc. | 777,963 | 114,383,900 | ||||||
Technology Hardware, Storage and Peripherals — 0.8% | ||||||||
HP, Inc. | 2,836,469 | 76,215,922 | ||||||
Thrifts and Mortgage Finance — 0.4% | ||||||||
Capitol Federal Financial, Inc. | 4,194,741 | 36,284,510 | ||||||
Trading Companies and Distributors — 1.9% | ||||||||
Beacon Roofing Supply, Inc.(1) | 942,390 | 49,748,768 | ||||||
MSC Industrial Direct Co., Inc., Class A | 1,542,205 | 125,998,149 | ||||||
175,746,917 | ||||||||
TOTAL COMMON STOCKS (Cost $8,098,748,721) | 8,982,259,449 | |||||||
EXCHANGE-TRADED FUNDS — 1.2% | ||||||||
iShares Russell Mid-Cap Value ETF (Cost $101,394,394) | 1,029,098 | 108,405,183 | ||||||
SHORT-TERM INVESTMENTS — 1.4% | ||||||||
Money Market Funds — 0.4% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 153,350 | 153,350 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(4) | 40,115,327 | 40,115,327 | ||||||
40,268,677 | ||||||||
Repurchase Agreements — 1.0% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.375% - 0.50%, 9/15/24 - 5/31/27, valued at $12,661,227), in a joint trading account at 4.20%, dated 12/30/22, due 1/3/23 (Delivery value $12,432,484) | 12,426,685 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.25%, 8/15/31, valued at $77,877,059), at 4.26%, dated 12/30/22, due 1/3/23 (Delivery value $76,386,139) | 76,350,000 | |||||||
88,776,685 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $129,045,362) | 129,045,362 | |||||||
TOTAL INVESTMENT SECURITIES—100.4% (Cost $8,329,188,477) | 9,219,709,994 | |||||||
OTHER ASSETS AND LIABILITIES — (0.4)% | (36,573,605) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 9,183,136,389 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 653,866,286 | EUR | 610,642,563 | JPMorgan Chase Bank N.A. | 3/31/23 | $ | (3,694,615) | |||||||||||||
USD | 18,173,089 | EUR | 17,058,872 | JPMorgan Chase Bank N.A. | 3/31/23 | (196,490) | ||||||||||||||
GBP | 1,929,576 | USD | 2,351,054 | Bank of America N.A. | 3/31/23 | (13,319) | ||||||||||||||
GBP | 1,826,592 | USD | 2,208,349 | Bank of America N.A. | 3/31/23 | 4,616 | ||||||||||||||
GBP | 2,014,096 | USD | 2,430,087 | Bank of America N.A. | 3/31/23 | 10,045 | ||||||||||||||
GBP | 2,276,562 | USD | 2,752,659 | Bank of America N.A. | 3/31/23 | 5,458 | ||||||||||||||
USD | 79,916,942 | GBP | 65,552,706 | Bank of America N.A. | 3/31/23 | 498,043 | ||||||||||||||
NOK | 8,626,901 | USD | 876,683 | UBS AG | 3/31/23 | 7,255 | ||||||||||||||
NOK | 12,007,449 | USD | 1,218,558 | UBS AG | 3/31/23 | 11,761 | ||||||||||||||
NOK | 7,602,414 | USD | 771,787 | UBS AG | 3/31/23 | 7,179 | ||||||||||||||
NOK | 3,333,387 | USD | 339,048 | UBS AG | 3/31/23 | 2,501 | ||||||||||||||
NOK | 4,569,493 | USD | 465,055 | UBS AG | 3/31/23 | 3,149 | ||||||||||||||
NOK | 16,192,991 | USD | 1,656,704 | UBS AG | 3/31/23 | 2,478 | ||||||||||||||
USD | 5,304,376 | NOK | 52,332,635 | UBS AG | 3/31/23 | (57,782) | ||||||||||||||
$ | (3,409,721) |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
EUR | – | Euro | ||||||
GBP | – | British Pound | ||||||
NOK | – | Norwegian Krone | ||||||
USD | – | United States Dollar |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Auto Components | $ | 180,139,648 | $ | 53,225,018 | — | ||||||
Building Products | — | 97,711,906 | — | ||||||||
Chemicals | 87,237,628 | 100,134,484 | — | ||||||||
Construction and Engineering | — | 97,684,065 | — | ||||||||
Electrical Equipment | 279,230,754 | 73,397,521 | — | ||||||||
Food and Staples Retailing | — | 175,580,455 | — | ||||||||
Hotels, Restaurants and Leisure | — | 85,340,124 | — | ||||||||
Household Products | 135,805,657 | 93,151,609 | — | ||||||||
Machinery | 223,137,056 | 69,399,443 | — | ||||||||
Paper and Forest Products | — | 10,733,349 | — | ||||||||
Other Industries | 7,220,350,732 | — | — | ||||||||
Exchange-Traded Funds | 108,405,183 | — | — | ||||||||
Short-Term Investments | 40,268,677 | 88,776,685 | — | ||||||||
$ | 8,274,575,335 | $ | 945,134,659 | — | |||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | $ | 552,485 | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Forward Foreign Currency Exchange Contracts | — | $ | 3,962,206 | — |
Company | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Income | ||||||||||||||||||
Heartland Express, Inc. | $ | 57,740 | — | — | $ | 5,212 | $ | 62,952 | 4,104 | — | $ | 246 | ||||||||||||||
Spire, Inc. | 79,372 | $ | 111,738 | — | (8,692) | 182,418 | 2,649 | — | 4,563 | |||||||||||||||||
$ | 137,112 | $ | 111,738 | — | $ | (3,480) | $ | 245,370 | 6,753 | — | $ | 4,809 |