| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At September 30, 2023, the aggregate value of these securities is $9,280,018 or 4.3% of the Portfolio's net assets. |
| (2) | Non-income producing security. |
| (3) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2023. |
| Futures Contracts | |||||
| Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
| Equity Futures | |||||
| NSE IFSC Nifty50 Index | 29 | Long | 10/26/23 | $1,143,209 | $(5,020) |
| $(5,020) | |||||
| Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
| Short-Term Investments | ||||||||
| Liquidity Fund, Institutional Class(1) | $391,183 | $61,081,626 | $(58,972,450) | $ — | $ — | $2,500,359 | $217,069 | 2,500,359 |
| (1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
| • | Level 1 – quoted prices in active markets for identical investments |
| • | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
| Asset Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks: | ||||
| Communication Services | $ — | $ 10,382,469 | $ — | $ 10,382,469 |
| Consumer Discretionary | — | 37,728,158 | — | 37,728,158 |
| Consumer Staples | — | 19,718,890 | — | 19,718,890 |
| Energy | — | 11,839,577 | — | 11,839,577 |
| Financials | 2,690,478 | 65,020,081 | — | 67,710,559 |
| Health Care | — | 16,362,213 | — | 16,362,213 |
| Industrials | — | 7,450,169 | — | 7,450,169 |
| Information Technology | 1,508,570 | 25,108,839 | — | 26,617,409 |
| Materials | — | 10,714,847 | — | 10,714,847 |
| Real Estate | — | 5,310,272 | — | 5,310,272 |
| Utilities | — | 5,641,475 | — | 5,641,475 |
| Total Common Stocks | $4,199,048 | $215,276,990* | $ — | $219,476,038 |
| Short-Term Investments | $2,500,359 | $ — | $ — | $ 2,500,359 |
| Total Investments | $6,699,407 | $215,276,990 | $ — | $221,976,397 |
| Liability Description | ||||
| Futures Contracts | $ (5,020) | $ — | $ — | $ (5,020) |
| Total | $ (5,020) | $ — | $ — | $ (5,020) |
| * | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |