The following table summarizes the inputs used to
value the Fund's investments by the fair value hierarchy levels as of July 31, 2022:
| Level 1
|
| Level 2
|
| Level 3
|
| Total
|
Investments in Securities
|
Common Stocks†
| $246,980,189
|
| —
|
| —
|
| $246,980,189
|
Short-Term Investments
|
Other Investment Companies
| 5,251,647
|
| —
|
| —
|
| 5,251,647
|
Total Investments in Securities
| $252,231,836
|
| —
|
| —
|
| $252,231,836
|
|
|
†
| All common stocks held in the Fund are Level 1 securities. For a detailed breakout of common stocks by major industry classification, please
refer to the Fund's Schedule of Portfolio Investments.
|
For the period ended July 31, 2022,
there were no transfers in or out of Level 3.
The Fund participates in the
securities lending program offered by The Bank of New York Mellon providing for the lending of securities to qualified brokers. The value of securities loaned on positions held, cash collateral and securities
collateral received at July 31, 2022, were as follows:
| Securities
Loaned
| Cash
Collateral
Received
| Securities
Collateral
Received
| Total
Collateral
Received
|
| $4,046,686
| —
| $4,157,441
| $4,157,441
|
The following table summarizes the
securities received as collateral for securities lending at July 31, 2022:
| Collateral
Type
| Coupon
Range
| Maturity
Date Range
|
| U.S. Treasury Obligations
| 0.010%-4.750%
| 10/31/22-11/15/50
|
For additional information about
significant accounting policies, including valuation of investments, refer to the Fund’s most recent semi or annual report.