Investment Company Act file number | 811-08532 | |||||||||||||||||||
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC. | ||||||||||||||||||||
(Exact name of registrant as specified in charter) | ||||||||||||||||||||
4500 MAIN STREET, KANSAS CITY, MISSOURI | 64111 | |||||||||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
JOHN PAK 4500 MAIN STREET, KANSAS CITY, MISSOURI 64111 | ||||||||||||||||||||
(Name and address of agent for service) | ||||||||||||||||||||
Registrant’s telephone number, including area code: | 816-531-5575 | |||||||||||||||||||
Date of fiscal year end: | 07-31 | |||||||||||||||||||
Date of reporting period: | 07-31-2021 |
Annual Report | |||||
July 31, 2021 | |||||
Strategic Allocation: Aggressive Fund | |||||
Investor Class (TWSAX) | |||||
I Class (AAAIX) | |||||
A Class (ACVAX) | |||||
C Class (ASTAX) | |||||
R Class (AAARX) | |||||
R5 Class (ASAUX) | |||||
R6 Class (AAAUX) |
Table of Contents |
President’s Letter | |||||
Performance | |||||
Portfolio Commentary | |||||
Fund Characteristics | |||||
Shareholder Fee Example | |||||
Schedule of Investments | |||||
Statement of Assets and Liabilities | |||||
Statement of Operations | |||||
Statement of Changes in Net Assets | |||||
Notes to Financial Statements | |||||
Financial Highlights | |||||
Report of Independent Registered Public Accounting Firm | |||||
Management | |||||
Approval of Management Agreement | |||||
Liquidity Risk Management Program | |||||
Additional Information | |||||
President’s Letter |
Performance |
Total Returns as of July 31, 2021 | ||||||||||||||||||||
Average Annual Returns | ||||||||||||||||||||
Ticker Symbol | 1 year | 5 years | 10 years | Since Inception | Inception Date | |||||||||||||||
Investor Class | TWSAX | 30.04% | 12.76% | 10.18% | — | 2/15/96 | ||||||||||||||
S&P 500 Index | — | 36.45% | 17.34% | 15.33% | — | — | ||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | -0.70% | 3.12% | 3.34% | — | — | ||||||||||||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index | — | 0.06% | 1.10% | 0.58% | — | — | ||||||||||||||
I Class | AAAIX | 30.42% | 13.01% | 10.41% | — | 8/1/00 | ||||||||||||||
A Class | ACVAX | 10/2/96 | ||||||||||||||||||
No sales charge | 29.69% | 12.47% | 9.91% | — | ||||||||||||||||
With sales charge | 22.21% | 11.14% | 9.27% | — | ||||||||||||||||
C Class | ASTAX | 28.76% | 11.63% | 9.09% | — | 11/27/01 | ||||||||||||||
R Class | AAARX | 29.58% | 12.22% | 9.65% | — | 3/31/05 | ||||||||||||||
R5 Class | ASAUX | 30.24% | — | — | 13.47% | 4/10/17 | ||||||||||||||
R6 Class | AAAUX | 30.57% | 13.17% | — | 10.67% | 7/26/13 |
Growth of $10,000 Over 10 Years | ||
$10,000 investment made July 31, 2011 | ||
Performance for other share classes will vary due to differences in fee structure. |
Value on July 31, 2021 | |||||
Investor Class — $26,397 | |||||
S&P 500 Index — $41,689 | |||||
Bloomberg Barclays U.S. Aggregate Bond Index — $13,897 | |||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index — $10,600 | |||||
Total Annual Fund Operating Expenses | ||||||||||||||||||||
Investor Class | I Class | A Class | C Class | R Class | R5 Class | R6 Class | ||||||||||||||
1.32% | 1.12% | 1.57% | 2.32% | 1.82% | 1.12% | 0.97% |
Portfolio Commentary |
Fund Characteristics |
JULY 31, 2021 | |||||
Types of Investments in Portfolio | % of net assets | ||||
Affiliated Funds | 48.8% | ||||
Common Stocks | 31.8% | ||||
U.S. Treasury Securities | 5.2% | ||||
Corporate Bonds | 3.4% | ||||
Sovereign Governments and Agencies | 2.9% | ||||
Collateralized Loan Obligations | 0.8% | ||||
Commercial Paper | 0.5% | ||||
Municipal Securities | 0.4% | ||||
Collateralized Mortgage Obligations | 0.4% | ||||
Asset-Backed Securities | 0.3% | ||||
Preferred Stocks | 0.3% | ||||
U.S. Government Agency Mortgage-Backed Securities | 0.1% | ||||
Exchange-Traded Funds | 0.1% | ||||
Temporary Cash Investments | 4.3% | ||||
Temporary Cash Investments - Securities Lending Collateral | 0.1% | ||||
Other Assets and Liabilities | 0.6% |
Shareholder Fee Example |
Beginning Account Value 2/1/21 | Ending Account Value 7/31/21 | Expenses Paid During Period(1) 2/1/21 - 7/31/21 | Annualized Expense Ratio(1) | |||||||||||
Actual | ||||||||||||||
Investor Class | $1,000 | $1,122.20 | $3.53 | 0.67% | ||||||||||
I Class | $1,000 | $1,123.30 | $2.47 | 0.47% | ||||||||||
A Class | $1,000 | $1,120.90 | $4.84 | 0.92% | ||||||||||
C Class | $1,000 | $1,117.30 | $8.77 | 1.67% | ||||||||||
R Class | $1,000 | $1,121.00 | $6.15 | 1.17% | ||||||||||
R5 Class | $1,000 | $1,123.30 | $2.47 | 0.47% | ||||||||||
R6 Class | $1,000 | $1,123.80 | $1.69 | 0.32% | ||||||||||
Hypothetical | ||||||||||||||
Investor Class | $1,000 | $1,021.47 | $3.36 | 0.67% | ||||||||||
I Class | $1,000 | $1,022.46 | $2.36 | 0.47% | ||||||||||
A Class | $1,000 | $1,020.23 | $4.61 | 0.92% | ||||||||||
C Class | $1,000 | $1,016.51 | $8.35 | 1.67% | ||||||||||
R Class | $1,000 | $1,018.99 | $5.86 | 1.17% | ||||||||||
R5 Class | $1,000 | $1,022.46 | $2.36 | 0.47% | ||||||||||
R6 Class | $1,000 | $1,023.21 | $1.61 | 0.32% |
Schedule of Investments |
Shares/Principal Amount | Value | ||||||||||
AFFILIATED FUNDS(1) — 48.8% | |||||||||||
American Century Diversified Corporate Bond ETF | 288,278 | $ | 15,244,717 | ||||||||
American Century Focused Dynamic Growth ETF | 560,733 | 46,367,012 | |||||||||
American Century Focused Large Cap Value ETF | 1,010,108 | 61,895,681 | |||||||||
American Century Quality Diversified International ETF | 641,891 | 33,428,207 | |||||||||
American Century STOXX U.S. Quality Growth ETF | 649,356 | 47,413,702 | |||||||||
American Century STOXX U.S. Quality Value ETF | 1,222,230 | 62,021,083 | |||||||||
Avantis Emerging Markets Equity ETF | 442,672 | 29,196,432 | |||||||||
Avantis International Equity ETF | 499,019 | 31,772,540 | |||||||||
Avantis International Small Cap Value ETF | 170,103 | 11,111,128 | |||||||||
Avantis U.S. Equity ETF | 814,674 | 60,978,349 | |||||||||
Avantis U.S. Small Cap Value ETF | 273,475 | 20,070,330 | |||||||||
TOTAL AFFILIATED FUNDS (Cost $309,495,780) | 419,499,181 | ||||||||||
COMMON STOCKS — 31.8% | |||||||||||
Aerospace and Defense — 0.4% | |||||||||||
Babcock International Group plc(2) | 65,791 | 233,830 | |||||||||
BAE Systems plc | 136,427 | 1,093,809 | |||||||||
CAE, Inc.(2) | 3,582 | 109,303 | |||||||||
General Dynamics Corp. | 4,310 | 844,889 | |||||||||
Lockheed Martin Corp. | 1,556 | 578,319 | |||||||||
Mercury Systems, Inc.(2) | 2,987 | 197,142 | |||||||||
Safran SA | 3,561 | 466,044 | |||||||||
Spirit AeroSystems Holdings, Inc., Class A | 3,025 | 130,710 | |||||||||
3,654,046 | |||||||||||
Air Freight and Logistics — 0.1% | |||||||||||
Expeditors International of Washington, Inc. | 2,182 | 279,842 | |||||||||
United Parcel Service, Inc., Class B | 3,140 | 600,870 | |||||||||
880,712 | |||||||||||
Airlines — 0.1% | |||||||||||
Ryanair Holdings plc, ADR(2) | 2,689 | 293,208 | |||||||||
Southwest Airlines Co.(2) | 17,871 | 902,843 | |||||||||
1,196,051 | |||||||||||
Auto Components — 0.4% | |||||||||||
Aptiv plc(2) | 10,664 | 1,779,288 | |||||||||
BorgWarner, Inc. | 13,677 | 669,900 | |||||||||
Bridgestone Corp. | 6,600 | 290,762 | |||||||||
Hyundai Mobis Co. Ltd. | 1,567 | 364,069 | |||||||||
Linamar Corp. | 2,335 | 138,161 | |||||||||
Minth Group Ltd. | 10,000 | 42,290 | |||||||||
Sumitomo Rubber Industries Ltd. | 14,100 | 189,774 | |||||||||
Valeo SA | 10,728 | 310,209 | |||||||||
3,784,453 | |||||||||||
Automobiles — 0.3% | |||||||||||
Bayerische Motoren Werke AG | 4,404 | 437,895 | |||||||||
Daimler AG | 11,496 | 1,025,897 | |||||||||
Honda Motor Co. Ltd., ADR | 18,341 | 588,746 |
Shares/Principal Amount | Value | ||||||||||
Nissan Motor Co. Ltd.(2) | 84,000 | $ | 487,522 | ||||||||
Tesla, Inc.(2) | 478 | 328,482 | |||||||||
2,868,542 | |||||||||||
Banks — 1.4% | |||||||||||
AIB Group plc(2) | 48,655 | 119,499 | |||||||||
Banco Bilbao Vizcaya Argentaria SA(2) | 64,732 | 414,380 | |||||||||
Banco Bradesco SA | 26,763 | 106,882 | |||||||||
Banco do Brasil SA | 30,900 | 187,302 | |||||||||
Bank Central Asia Tbk PT | 81,400 | 168,039 | |||||||||
Bank of America Corp. | 21,972 | 842,846 | |||||||||
Barclays plc | 337,468 | 816,362 | |||||||||
BNP Paribas SA | 9,602 | 585,522 | |||||||||
BPER Banca | 49,178 | 95,873 | |||||||||
CaixaBank SA | 143,087 | 424,955 | |||||||||
Canadian Western Bank | 4,218 | 114,984 | |||||||||
Commerce Bancshares, Inc. | 1,526 | 107,934 | |||||||||
Commerzbank AG(2) | 21,761 | 140,140 | |||||||||
Eastern Bankshares, Inc. | 3,359 | 61,302 | |||||||||
First Hawaiian, Inc. | 11,936 | 328,598 | |||||||||
HDFC Bank Ltd., ADR | 5,832 | 411,564 | |||||||||
HSBC Holdings plc | 84,400 | 465,853 | |||||||||
JPMorgan Chase & Co. | 7,056 | 1,070,960 | |||||||||
Jyske Bank A/S(2) | 1,933 | 93,796 | |||||||||
M&T Bank Corp. | 4,312 | 577,161 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 113,800 | 601,169 | |||||||||
Mizuho Financial Group, Inc. | 30,650 | 437,977 | |||||||||
Prosperity Bancshares, Inc. | 5,446 | 371,363 | |||||||||
Regions Financial Corp. | 33,543 | 645,703 | |||||||||
Silvergate Capital Corp., Class A(2) | 1,306 | 134,257 | |||||||||
Societe Generale SA | 9,086 | 266,090 | |||||||||
Standard Chartered plc (London) | 21,741 | 130,333 | |||||||||
Sumitomo Mitsui Financial Group, Inc. | 11,300 | 380,912 | |||||||||
Triumph Bancorp, Inc.(2) | 2,508 | 192,263 | |||||||||
Truist Financial Corp. | 15,507 | 844,046 | |||||||||
UniCredit SpA | 13,585 | 162,495 | |||||||||
Virgin Money UK plc(2) | 22,970 | 63,487 | |||||||||
Westamerica Bancorporation | 5,917 | 328,689 | |||||||||
11,692,736 | |||||||||||
Beverages — 0.2% | |||||||||||
Boston Beer Co., Inc. (The), Class A(2) | 613 | 435,230 | |||||||||
MGP Ingredients, Inc. | 1,553 | 92,636 | |||||||||
PepsiCo, Inc. | 5,767 | 905,131 | |||||||||
Royal Unibrew A/S | 876 | 118,710 | |||||||||
1,551,707 | |||||||||||
Biotechnology — 0.7% | |||||||||||
AbbVie, Inc. | 1,914 | 222,598 | |||||||||
Acceleron Pharma, Inc.(2) | 945 | 118,182 | |||||||||
ADC Therapeutics SA(2) | 3,363 | 70,758 | |||||||||
Alnylam Pharmaceuticals, Inc.(2) | 3,452 | 617,701 | |||||||||
Amgen, Inc. | 1,917 | 463,032 | |||||||||
Arcutis Biotherapeutics, Inc.(2) | 3,325 | 77,572 |
Shares/Principal Amount | Value | ||||||||||
Arena Pharmaceuticals, Inc.(2) | 1,112 | $ | 68,788 | ||||||||
Argenx SE, ADR(2) | 1,358 | 413,416 | |||||||||
Biohaven Pharmaceutical Holding Co. Ltd.(2) | 1,634 | 205,900 | |||||||||
Blueprint Medicines Corp.(2) | 1,349 | 118,537 | |||||||||
Bridgebio Pharma, Inc.(2) | 2,271 | 121,385 | |||||||||
Centessa Pharmaceuticals plc, ADR(2) | 3,298 | 68,071 | |||||||||
Cytokinetics, Inc.(2) | 3,030 | 89,930 | |||||||||
Deciphera Pharmaceuticals, Inc.(2) | 2,590 | 78,969 | |||||||||
Erasca, Inc.(2) | 2,663 | 55,923 | |||||||||
Fate Therapeutics, Inc.(2) | 1,138 | 94,226 | |||||||||
FibroGen, Inc.(2) | 2,455 | 31,915 | |||||||||
Flexion Therapeutics, Inc.(2) | 6,144 | 36,434 | |||||||||
Global Blood Therapeutics, Inc.(2) | 2,999 | 81,963 | |||||||||
Halozyme Therapeutics, Inc.(2) | 3,740 | 154,574 | |||||||||
Heron Therapeutics, Inc.(2) | 2,868 | 35,449 | |||||||||
Horizon Therapeutics plc(2) | 7,035 | 703,641 | |||||||||
Immunovant, Inc.(2) | 2,342 | 24,497 | |||||||||
Insmed, Inc.(2) | 4,739 | 116,579 | |||||||||
Intellia Therapeutics, Inc.(2) | 613 | 86,954 | |||||||||
Invitae Corp.(2)(3) | 2,044 | 57,212 | |||||||||
Iovance Biotherapeutics, Inc.(2) | 1,105 | 24,608 | |||||||||
KalVista Pharmaceuticals, Inc.(2) | 2,386 | 48,054 | |||||||||
Karuna Therapeutics, Inc.(2) | 1,126 | 128,612 | |||||||||
Kinnate Biopharma, Inc.(2)(3) | 1,504 | 32,456 | |||||||||
Kymera Therapeutics, Inc.(2) | 1,320 | 79,438 | |||||||||
Natera, Inc.(2) | 5,847 | 669,598 | |||||||||
Relay Therapeutics, Inc.(2) | 1,752 | 56,835 | |||||||||
Sigilon Therapeutics, Inc.(2) | 3,137 | 15,810 | |||||||||
Turning Point Therapeutics, Inc.(2) | 3,397 | 216,797 | |||||||||
Vertex Pharmaceuticals, Inc.(2) | 933 | 188,074 | |||||||||
5,674,488 | |||||||||||
Building Products — 0.3% | |||||||||||
Johnson Controls International plc | 13,677 | 976,811 | |||||||||
Masco Corp. | 6,825 | 407,521 | |||||||||
Masonite International Corp.(2) | 1,722 | 194,862 | |||||||||
Sanwa Holdings Corp. | 5,600 | 68,148 | |||||||||
Trane Technologies plc | 5,515 | 1,122,909 | |||||||||
Trex Co., Inc.(2) | 1,540 | 149,534 | |||||||||
2,919,785 | |||||||||||
Capital Markets — 1.4% | |||||||||||
Ameriprise Financial, Inc. | 4,390 | 1,130,688 | |||||||||
Bank of New York Mellon Corp. (The) | 28,731 | 1,474,762 | |||||||||
BlackRock, Inc. | 661 | 573,199 | |||||||||
Credit Suisse Group AG | 50,728 | 509,274 | |||||||||
flatexDEGIRO AG(2) | 678 | 81,930 | |||||||||
GCM Grosvenor, Inc., Class A | 7,764 | 77,329 | |||||||||
Intercontinental Exchange, Inc. | 2,576 | 308,682 | |||||||||
Intermediate Capital Group plc | 6,499 | 195,851 | |||||||||
LPL Financial Holdings, Inc. | 7,647 | 1,078,533 | |||||||||
MarketAxess Holdings, Inc. | 1,029 | 488,950 | |||||||||
Morgan Stanley | 11,193 | 1,074,304 |
Shares/Principal Amount | Value | ||||||||||
MSCI, Inc. | 1,782 | $ | 1,062,001 | ||||||||
Northern Trust Corp. | 11,433 | 1,290,214 | |||||||||
Open Lending Corp., Class A(2) | 6,917 | 262,846 | |||||||||
Partners Group Holding AG | 366 | 625,261 | |||||||||
S&P Global, Inc. | 1,627 | 697,528 | |||||||||
State Street Corp. | 4,154 | 361,980 | |||||||||
T. Rowe Price Group, Inc. | 2,945 | 601,251 | |||||||||
11,894,583 | |||||||||||
Chemicals — 0.5% | |||||||||||
Air Liquide SA | 2,019 | 351,121 | |||||||||
Air Products and Chemicals, Inc. | 1,006 | 292,776 | |||||||||
Albemarle Corp. | 1,846 | 380,350 | |||||||||
Axalta Coating Systems Ltd.(2) | 16,222 | 488,282 | |||||||||
Corbion NV | 509 | 27,865 | |||||||||
Diversey Holdings Ltd.(2) | 9,154 | 152,689 | |||||||||
Ecolab, Inc. | 1,333 | 294,366 | |||||||||
Element Solutions, Inc. | 28,997 | 678,240 | |||||||||
Koninklijke DSM NV | 1,912 | 385,424 | |||||||||
Linde plc | 2,495 | 766,938 | |||||||||
OCI NV(2) | 2,534 | 61,472 | |||||||||
Sherwin-Williams Co. (The) | 1,372 | 399,293 | |||||||||
Zeon Corp. | 4,600 | 62,851 | |||||||||
4,341,667 | |||||||||||
Commercial Services and Supplies — 0.2% | |||||||||||
Brink's Co. (The) | 3,301 | 254,045 | |||||||||
Clean Harbors, Inc.(2) | 2,534 | 240,730 | |||||||||
Driven Brands Holdings, Inc.(2) | 8,798 | 279,952 | |||||||||
Elis SA(2) | 6,484 | 116,276 | |||||||||
Loomis AB | 3,849 | 129,057 | |||||||||
Republic Services, Inc. | 6,291 | 744,603 | |||||||||
1,764,663 | |||||||||||
Communications Equipment — 0.6% | |||||||||||
Arista Networks, Inc.(2) | 3,644 | 1,386,141 | |||||||||
Cisco Systems, Inc. | 12,769 | 707,020 | |||||||||
F5 Networks, Inc.(2) | 9,126 | 1,884,610 | |||||||||
Juniper Networks, Inc. | 14,237 | 400,629 | |||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 33,852 | 390,455 | |||||||||
4,768,855 | |||||||||||
Construction and Engineering† | |||||||||||
Arcadis NV | 2,651 | 117,401 | |||||||||
Hazama Ando Corp. | 10,800 | 82,162 | |||||||||
199,563 | |||||||||||
Construction Materials — 0.1% | |||||||||||
Buzzi Unicem SpA | 2,321 | 61,351 | |||||||||
Cemex SAB de CV, ADR(2) | 74,786 | 608,010 | |||||||||
Eagle Materials, Inc. | 1,140 | 161,105 | |||||||||
Summit Materials, Inc., Class A(2) | 2,631 | 88,402 | |||||||||
918,868 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
American Express Co. | 2,922 | 498,289 | |||||||||
goeasy Ltd.(3) | 971 | 133,088 | |||||||||
631,377 |
Shares/Principal Amount | Value | ||||||||||
Containers and Packaging — 0.5% | |||||||||||
Amcor plc | 26,130 | $ | 302,063 | ||||||||
Avery Dennison Corp. | 5,198 | 1,095,115 | |||||||||
Ball Corp. | 9,994 | 808,315 | |||||||||
Intertape Polymer Group, Inc. | 4,918 | 109,468 | |||||||||
Packaging Corp. of America | 2,869 | 405,964 | |||||||||
SIG Combibloc Group AG(2) | 4,408 | 130,061 | |||||||||
Sonoco Products Co. | 16,731 | 1,067,270 | |||||||||
3,918,256 | |||||||||||
Distributors† | |||||||||||
D'ieteren Group | 1,198 | 192,013 | |||||||||
Diversified Consumer Services† | |||||||||||
Chegg, Inc.(2) | 2,357 | 208,901 | |||||||||
IDP Education Ltd. | 4,667 | 96,706 | |||||||||
305,607 | |||||||||||
Diversified Financial Services† | |||||||||||
Zenkoku Hosho Co. Ltd. | 2,300 | 104,353 | |||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
BT Group plc(2) | 56,365 | 135,768 | |||||||||
Cellnex Telecom SA | 11,836 | 771,904 | |||||||||
Verizon Communications, Inc. | 4,307 | 240,245 | |||||||||
1,147,917 | |||||||||||
Electric Utilities — 0.5% | |||||||||||
Edison International | 17,158 | 935,111 | |||||||||
Evergy, Inc. | 5,277 | 344,166 | |||||||||
Eversource Energy | 4,255 | 367,079 | |||||||||
Iberdrola SA | 30,707 | 369,561 | |||||||||
NextEra Energy, Inc. | 13,982 | 1,089,198 | |||||||||
Pinnacle West Capital Corp. | 11,301 | 944,199 | |||||||||
Xcel Energy, Inc. | 2,281 | 155,678 | |||||||||
4,204,992 | |||||||||||
Electrical Equipment — 0.9% | |||||||||||
AMETEK, Inc. | 6,747 | 938,170 | |||||||||
Eaton Corp. plc | 2,867 | 453,129 | |||||||||
Emerson Electric Co. | 11,762 | 1,186,668 | |||||||||
Generac Holdings, Inc.(2) | 1,223 | 512,877 | |||||||||
Hubbell, Inc. | 3,471 | 695,797 | |||||||||
Nexans SA | 1,425 | 136,392 | |||||||||
nVent Electric plc | 51,311 | 1,621,941 | |||||||||
Plug Power, Inc.(2) | 5,358 | 146,166 | |||||||||
Rockwell Automation, Inc. | 2,434 | 748,260 | |||||||||
Schneider Electric SE | 4,266 | 714,505 | |||||||||
Sensata Technologies Holding plc(2) | 3,193 | 187,174 | |||||||||
Ushio, Inc. | 4,400 | 78,844 | |||||||||
7,419,923 | |||||||||||
Electronic Equipment, Instruments and Components — 0.7% | |||||||||||
CDW Corp. | 2,549 | 467,359 | |||||||||
Cognex Corp. | 15,422 | 1,394,303 | |||||||||
Comet Holding AG | 309 | 101,180 | |||||||||
Fabrinet(2) | 1,108 | 104,728 | |||||||||
Hexagon AB, B Shares | 33,719 | 558,171 |
Shares/Principal Amount | Value | ||||||||||
Jabil, Inc. | 2,741 | $ | 163,199 | ||||||||
Keyence Corp. | 1,000 | 557,003 | |||||||||
Keysight Technologies, Inc.(2) | 10,408 | 1,712,636 | |||||||||
National Instruments Corp. | 2,782 | 122,714 | |||||||||
nLight, Inc.(2) | 6,145 | 213,170 | |||||||||
Sesa SpA(2) | 690 | 122,850 | |||||||||
TE Connectivity Ltd. | 2,203 | 324,876 | |||||||||
5,842,189 | |||||||||||
Energy Equipment and Services — 0.1% | |||||||||||
Baker Hughes Co. | 22,408 | 475,946 | |||||||||
Schlumberger NV | 10,963 | 316,063 | |||||||||
792,009 | |||||||||||
Entertainment — 0.4% | |||||||||||
Activision Blizzard, Inc. | 2,994 | 250,358 | |||||||||
Live Nation Entertainment, Inc.(2) | 4,713 | 371,809 | |||||||||
ROBLOX Corp., Class A(2) | 1,895 | 145,877 | |||||||||
Roku, Inc.(2) | 2,479 | 1,061,780 | |||||||||
Sea Ltd., ADR(2) | 1,391 | 384,138 | |||||||||
Walt Disney Co. (The)(2) | 6,029 | 1,061,225 | |||||||||
Zynga, Inc., Class A(2) | 58,437 | 590,214 | |||||||||
3,865,401 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 3.0% | |||||||||||
American Campus Communities, Inc. | 5,015 | 252,305 | |||||||||
Brixmor Property Group, Inc. | 13,737 | 316,226 | |||||||||
Capital & Counties Properties plc(2) | 87,955 | 208,596 | |||||||||
Charter Hall Group | 28,634 | 342,172 | |||||||||
Comforia Residential REIT, Inc. | 58 | 185,340 | |||||||||
Community Healthcare Trust, Inc. | 2,326 | 115,905 | |||||||||
CoreSite Realty Corp. | 1,680 | 232,193 | |||||||||
Crown Castle International Corp. | 924 | 178,415 | |||||||||
Empire State Realty Trust, Inc., Class A | 11,433 | 130,679 | |||||||||
Equinix, Inc. | 2,013 | 1,651,485 | |||||||||
Equity Residential | 8,008 | 673,713 | |||||||||
Essential Properties Realty Trust, Inc. | 5,402 | 160,980 | |||||||||
Essex Property Trust, Inc. | 3,031 | 994,471 | |||||||||
Extra Space Storage, Inc. | 3,791 | 660,165 | |||||||||
Fibra Uno Administracion SA de CV | 210,318 | 228,847 | |||||||||
Global Medical REIT, Inc. | 7,461 | 116,093 | |||||||||
Goodman Group | 45,995 | 764,996 | |||||||||
Healthcare Trust of America, Inc., Class A | 21,076 | 602,563 | |||||||||
Healthpeak Properties, Inc. | 21,965 | 812,046 | |||||||||
Ingenia Communities Group | 46,039 | 196,511 | |||||||||
Innovative Industrial Properties, Inc. | 2,857 | 614,226 | |||||||||
Invincible Investment Corp. | 437 | 171,683 | |||||||||
Invitation Homes, Inc. | 25,511 | 1,037,788 | |||||||||
Iron Mountain, Inc. | 7,054 | 308,683 | |||||||||
Japan Hotel REIT Investment Corp. | 131 | 79,885 | |||||||||
Kilroy Realty Corp. | 4,079 | 282,552 | |||||||||
Kimco Realty Corp. | 20,503 | 437,329 | |||||||||
Klepierre SA(2) | 10,337 | 250,279 | |||||||||
LaSalle Logiport REIT | 135 | 247,266 |
Shares/Principal Amount | Value | ||||||||||
Life Storage, Inc. | 4,783 | $ | 561,333 | ||||||||
Link REIT | 37,700 | 360,274 | |||||||||
Mapletree Commercial Trust | 133,200 | 212,063 | |||||||||
Mapletree Logistics Trust | 111,700 | 173,913 | |||||||||
MGM Growth Properties LLC, Class A | 20,107 | 760,045 | |||||||||
Mitsubishi Estate Logistics REIT Investment Corp. | 38 | 175,192 | |||||||||
NETSTREIT Corp. | 6,500 | 168,675 | |||||||||
Orix JREIT, Inc. | 99 | 188,900 | |||||||||
Prologis, Inc. | 24,753 | 3,169,374 | |||||||||
Realty Income Corp. | 7,632 | 536,453 | |||||||||
Rexford Industrial Realty, Inc. | 6,999 | 430,579 | |||||||||
Ryman Hospitality Properties, Inc.(2) | 2,367 | 181,549 | |||||||||
SBA Communications Corp. | 848 | 289,160 | |||||||||
Segro plc | 25,305 | 427,762 | |||||||||
Shaftesbury plc(3) | 25,523 | 209,215 | |||||||||
Simon Property Group, Inc. | 5,318 | 672,833 | |||||||||
SL Green Realty Corp. | 2,757 | 205,286 | |||||||||
SOSiLA Logistics REIT, Inc. | 178 | 279,341 | |||||||||
Sun Communities, Inc. | 3,807 | 746,591 | |||||||||
Tritax Big Box REIT plc | 45,868 | 134,190 | |||||||||
UDR, Inc. | 17,479 | 961,170 | |||||||||
Urban Edge Properties | 13,885 | 263,815 | |||||||||
Ventas, Inc. | 5,890 | 352,104 | |||||||||
VICI Properties, Inc. | 11,122 | 346,895 | |||||||||
Welltower, Inc. | 9,347 | 811,880 | |||||||||
Weyerhaeuser Co. | 5,108 | 172,293 | |||||||||
Workspace Group plc | 21,651 | 259,333 | |||||||||
Xenia Hotels & Resorts, Inc.(2) | 15,352 | 271,423 | |||||||||
25,575,033 | |||||||||||
Food and Staples Retailing — 0.3% | |||||||||||
Costco Wholesale Corp. | 772 | 331,744 | |||||||||
Koninklijke Ahold Delhaize NV | 35,076 | 1,090,332 | |||||||||
MARR SpA(2) | 4,081 | 94,713 | |||||||||
Matsumotokiyoshi Holdings Co. Ltd. | 2,600 | 115,523 | |||||||||
Sysco Corp. | 11,726 | 870,069 | |||||||||
Zur Rose Group AG(2) | 1,028 | 382,249 | |||||||||
2,884,630 | |||||||||||
Food Products — 0.4% | |||||||||||
Bakkafrost P/F | 1,975 | 167,840 | |||||||||
Beyond Meat, Inc.(2) | 149 | 18,282 | |||||||||
Conagra Brands, Inc. | 31,271 | 1,047,266 | |||||||||
General Mills, Inc. | 6,077 | 357,692 | |||||||||
Glanbia plc | 7,010 | 120,342 | |||||||||
J.M. Smucker Co. (The) | 3,735 | 489,696 | |||||||||
Kellogg Co. | 5,982 | 379,019 | |||||||||
Mondelez International, Inc., Class A | 7,167 | 453,384 | |||||||||
Orkla ASA | 45,122 | 409,816 | |||||||||
Vital Farms, Inc.(2) | 1,987 | 34,594 | |||||||||
Whole Earth Brands, Inc.(2) | 9,817 | 126,247 | |||||||||
3,604,178 |
Shares/Principal Amount | Value | ||||||||||
Gas Utilities — 0.1% | |||||||||||
Atmos Energy Corp. | 4,770 | $ | 470,274 | ||||||||
Nippon Gas Co. Ltd. | 8,800 | 138,996 | |||||||||
Spire, Inc. | 6,191 | 439,252 | |||||||||
1,048,522 | |||||||||||
Health Care Equipment and Supplies — 1.2% | |||||||||||
Align Technology, Inc.(2) | 995 | 692,321 | |||||||||
Arjo AB, B Shares | 4,395 | 55,517 | |||||||||
Baxter International, Inc. | 4,159 | 321,699 | |||||||||
Becton Dickinson and Co. | 2,552 | 652,674 | |||||||||
DexCom, Inc.(2) | 1,882 | 970,190 | |||||||||
Eargo, Inc.(2)(3) | 3,304 | 118,944 | |||||||||
Edwards Lifesciences Corp.(2) | 5,427 | 609,289 | |||||||||
Elekta AB, B Shares | 3,911 | 57,083 | |||||||||
Envista Holdings Corp.(2) | 6,733 | 290,058 | |||||||||
IDEXX Laboratories, Inc.(2) | 1,879 | 1,274,958 | |||||||||
Inmode Ltd.(2) | 1,328 | 150,954 | |||||||||
Koninklijke Philips NV | 8,711 | 401,054 | |||||||||
Medtronic plc | 4,104 | 538,896 | |||||||||
NeuroPace, Inc.(2) | 4,658 | 99,215 | |||||||||
Olympus Corp. | 15,200 | 312,806 | |||||||||
Ortho Clinical Diagnostics Holdings plc(2) | 9,001 | 202,252 | |||||||||
OrthoPediatrics Corp.(2) | 1,532 | 96,271 | |||||||||
ResMed, Inc. | 485 | 131,823 | |||||||||
Silk Road Medical, Inc.(2) | 2,974 | 149,235 | |||||||||
Tandem Diabetes Care, Inc.(2) | 2,525 | 274,392 | |||||||||
Teleflex, Inc. | 1,622 | 644,631 | |||||||||
Zimmer Biomet Holdings, Inc. | 11,366 | 1,857,432 | |||||||||
9,901,694 | |||||||||||
Health Care Providers and Services — 1.3% | |||||||||||
Alfresa Holdings Corp. | 18,000 | 274,138 | |||||||||
Amedisys, Inc.(2) | 2,417 | 629,919 | |||||||||
Amvis Holdings, Inc. | 800 | 44,151 | |||||||||
ATI Physical Therapy, Inc.(2)(3) | 13,508 | 46,062 | |||||||||
Cano Health, Inc.(2) | 6,561 | 70,531 | |||||||||
Cardinal Health, Inc. | 16,178 | 960,650 | |||||||||
Centene Corp.(2) | 6,364 | 436,634 | |||||||||
Chartwell Retirement Residences | 20,012 | 210,290 | |||||||||
Cigna Corp. | 3,123 | 716,697 | |||||||||
Covetrus, Inc.(2) | 930 | 23,678 | |||||||||
CVS Health Corp. | 6,385 | 525,869 | |||||||||
Encompass Health Corp. | 11,858 | 987,178 | |||||||||
Ensign Group, Inc. (The) | 1,487 | 126,499 | |||||||||
HealthEquity, Inc.(2) | 3,404 | 251,828 | |||||||||
Henry Schein, Inc.(2) | 11,680 | 936,152 | |||||||||
Humana, Inc. | 626 | 266,588 | |||||||||
McKesson Corp. | 3,552 | 724,004 | |||||||||
Option Care Health, Inc.(2) | 8,066 | 167,128 | |||||||||
Quest Diagnostics, Inc. | 8,187 | 1,160,917 | |||||||||
R1 RCM, Inc.(2) | 22,806 | 488,276 | |||||||||
RadNet, Inc.(2) | 5,087 | 186,896 |
Shares/Principal Amount | Value | ||||||||||
UnitedHealth Group, Inc. | 2,018 | $ | 831,860 | ||||||||
Universal Health Services, Inc., Class B | 6,927 | 1,111,160 | |||||||||
11,177,105 | |||||||||||
Health Care Technology — 0.3% | |||||||||||
Cerner Corp. | 14,173 | 1,139,368 | |||||||||
Health Catalyst, Inc.(2) | 4,176 | 242,459 | |||||||||
OptimizeRx Corp.(2) | 1,868 | 103,244 | |||||||||
Veeva Systems, Inc., Class A(2) | 3,551 | 1,181,453 | |||||||||
2,666,524 | |||||||||||
Hotels, Restaurants and Leisure — 0.7% | |||||||||||
Autogrill SpA(2)(3) | 14,626 | 102,617 | |||||||||
Basic-Fit NV(2)(3) | 2,077 | 96,002 | |||||||||
Booking Holdings, Inc.(2) | 174 | 379,017 | |||||||||
Brinker International, Inc.(2) | 2,144 | 116,505 | |||||||||
Chipotle Mexican Grill, Inc.(2) | 673 | 1,254,095 | |||||||||
Churchill Downs, Inc. | 985 | 183,013 | |||||||||
Corporate Travel Management Ltd.(2) | 4,670 | 74,552 | |||||||||
Cracker Barrel Old Country Store, Inc. | 1,335 | 181,800 | |||||||||
Expedia Group, Inc.(2) | 2,879 | 463,145 | |||||||||
Food & Life Cos. Ltd. | 3,600 | 146,681 | |||||||||
Greggs plc(2) | 3,929 | 150,551 | |||||||||
Hilton Worldwide Holdings, Inc.(2) | 5,077 | 667,372 | |||||||||
Las Vegas Sands Corp.(2) | 12,812 | 542,588 | |||||||||
Planet Fitness, Inc., Class A(2) | 1,930 | 145,194 | |||||||||
SeaWorld Entertainment, Inc.(2) | 1,683 | 79,791 | |||||||||
Sodexo SA(2) | 6,576 | 560,311 | |||||||||
Travel + Leisure Co. | 604 | 31,287 | |||||||||
Whitbread plc(2) | 9,629 | 406,977 | |||||||||
Wingstop, Inc. | 1,048 | 179,533 | |||||||||
Wyndham Hotels & Resorts, Inc. | 2,932 | 211,280 | |||||||||
5,972,311 | |||||||||||
Household Durables — 0.2% | |||||||||||
Haseko Corp. | 12,700 | 171,860 | |||||||||
Man Wah Holdings Ltd. | 29,200 | 58,590 | |||||||||
Open House Co. Ltd. | 11,000 | 556,157 | |||||||||
Sonos, Inc.(2) | 5,515 | 184,091 | |||||||||
Taylor Wimpey plc | 178,294 | 407,628 | |||||||||
Token Corp. | 1,000 | 90,275 | |||||||||
1,468,601 | |||||||||||
Household Products — 0.2% | |||||||||||
Colgate-Palmolive Co. | 3,468 | 275,706 | |||||||||
Kimberly-Clark Corp. | 3,914 | 531,208 | |||||||||
Procter & Gamble Co. (The) | 4,698 | 668,196 | |||||||||
Reynolds Consumer Products, Inc. | 2,233 | 63,529 | |||||||||
1,538,639 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
Honeywell International, Inc. | 3,561 | 832,526 | |||||||||
Lifco AB, B Shares | 4,445 | 130,372 | |||||||||
962,898 | |||||||||||
Insurance — 0.8% | |||||||||||
Aegon NV | 50,910 | 216,754 |
Shares/Principal Amount | Value | ||||||||||
Aflac, Inc. | 20,779 | $ | 1,142,845 | ||||||||
AIA Group Ltd. | 28,200 | 337,435 | |||||||||
Allstate Corp. (The) | 3,948 | 513,438 | |||||||||
Arthur J. Gallagher & Co. | 1,651 | 230,001 | |||||||||
Chubb Ltd. | 7,487 | 1,263,356 | |||||||||
Goosehead Insurance, Inc., Class A | 1,037 | 124,637 | |||||||||
Hartford Financial Services Group, Inc. (The) | 4,538 | 288,708 | |||||||||
Kinsale Capital Group, Inc. | 1,012 | 180,789 | |||||||||
Marsh & McLennan Cos., Inc. | 2,006 | 295,323 | |||||||||
Palomar Holdings, Inc.(2) | 1,572 | 128,008 | |||||||||
Prudential Financial, Inc. | 2,705 | 271,257 | |||||||||
Reinsurance Group of America, Inc. | 8,167 | 899,840 | |||||||||
Ryan Specialty Group Holdings, Inc., Class A(2) | 3,568 | 105,256 | |||||||||
SelectQuote, Inc.(2) | 19,235 | 342,383 | |||||||||
Storebrand ASA | 10,861 | 93,253 | |||||||||
Travelers Cos., Inc. (The) | 2,371 | 353,089 | |||||||||
6,786,372 | |||||||||||
Interactive Media and Services — 0.8% | |||||||||||
Alphabet, Inc., Class A(2) | 1,109 | 2,988,234 | |||||||||
Baidu, Inc., Class A(2) | 20,600 | 422,094 | |||||||||
carsales.com Ltd. | 5,308 | 85,592 | |||||||||
Eventbrite, Inc., Class A(2) | 6,512 | 115,718 | |||||||||
Facebook, Inc., Class A(2) | 2,574 | 917,116 | |||||||||
fuboTV, Inc.(2)(3) | 3,341 | 87,000 | |||||||||
Match Group, Inc.(2) | 5,968 | 950,523 | |||||||||
Pinterest, Inc., Class A(2) | 11,262 | 663,332 | |||||||||
QuinStreet, Inc.(2) | 12,542 | 230,020 | |||||||||
Tencent Holdings Ltd. | 8,800 | 530,712 | |||||||||
6,990,341 | |||||||||||
Internet and Direct Marketing Retail — 0.5% | |||||||||||
Alibaba Group Holding Ltd.(2) | 16,700 | 407,860 | |||||||||
Amazon.com, Inc.(2) | 716 | 2,382,554 | |||||||||
ASKUL Corp. | 3,700 | 55,852 | |||||||||
ASOS plc(2) | 5,689 | 300,817 | |||||||||
BHG Group AB(2) | 1,808 | 27,887 | |||||||||
Chewy, Inc., Class A(2)(3) | 5,913 | 494,918 | |||||||||
Etsy, Inc.(2) | 3,296 | 604,849 | |||||||||
Revolve Group, Inc.(2) | 1,807 | 125,785 | |||||||||
4,400,522 | |||||||||||
IT Services — 1.2% | |||||||||||
Accenture plc, Class A | 2,264 | 719,228 | |||||||||
Adyen NV(2) | 250 | 677,512 | |||||||||
Alten SA | 815 | 129,557 | |||||||||
Amdocs Ltd. | 4,303 | 331,804 | |||||||||
Atos SE | 3,526 | 168,623 | |||||||||
Capgemini SE | 3,450 | 745,727 | |||||||||
Capita plc(2) | 138,282 | 67,745 | |||||||||
DigitalOcean Holdings, Inc.(2) | 2,569 | 132,304 | |||||||||
Edenred | 6,614 | 384,247 | |||||||||
Endava plc, ADR(2) | 1,165 | 149,842 | |||||||||
EPAM Systems, Inc.(2) | 1,457 | 815,629 |
Shares/Principal Amount | Value | ||||||||||
Euronet Worldwide, Inc.(2) | 2,031 | $ | 290,067 | ||||||||
GDS Holdings Ltd., Class A(2) | 10,900 | 80,819 | |||||||||
I3 Verticals, Inc., Class A(2) | 6,320 | 201,734 | |||||||||
Indra Sistemas SA(2) | 17,105 | 179,063 | |||||||||
Mastercard, Inc., Class A | 2,252 | 869,137 | |||||||||
MAXIMUS, Inc. | 2,932 | 260,948 | |||||||||
Nuvei Corp.(2) | 1,381 | 113,242 | |||||||||
Okta, Inc.(2) | 3,608 | 894,026 | |||||||||
PayPal Holdings, Inc.(2) | 3,531 | 972,896 | |||||||||
Perficient, Inc.(2) | 1,991 | 187,731 | |||||||||
Repay Holdings Corp.(2) | 4,118 | 102,579 | |||||||||
Square, Inc., Class A(2) | 2,527 | 624,826 | |||||||||
Twilio, Inc., Class A(2) | 1,900 | 709,821 | |||||||||
Visa, Inc., Class A | 3,717 | 915,832 | |||||||||
10,724,939 | |||||||||||
Leisure Products — 0.2% | |||||||||||
Accell Group NV(2) | 1,745 | 86,417 | |||||||||
BRP, Inc. | 1,439 | 120,566 | |||||||||
Brunswick Corp. | 2,021 | 210,992 | |||||||||
Callaway Golf Co.(2) | 5,794 | 183,554 | |||||||||
Hayward Holdings, Inc.(2) | 9,228 | 222,303 | |||||||||
Peloton Interactive, Inc., Class A(2) | 2,433 | 287,216 | |||||||||
Polaris, Inc. | 2,673 | 350,350 | |||||||||
1,461,398 | |||||||||||
Life Sciences Tools and Services — 0.7% | |||||||||||
10X Genomics, Inc., Class A(2) | 2,678 | 490,690 | |||||||||
Agilent Technologies, Inc. | 4,383 | 671,607 | |||||||||
Akoya Biosciences, Inc.(2)(3) | 2,738 | 47,477 | |||||||||
Bio-Techne Corp. | 1,534 | 739,756 | |||||||||
ICON plc(2) | 1,171 | 284,869 | |||||||||
Lonza Group AG | 749 | 583,190 | |||||||||
Mettler-Toledo International, Inc.(2) | 743 | 1,094,967 | |||||||||
NeoGenomics, Inc.(2) | 3,895 | 179,560 | |||||||||
Repligen Corp.(2) | 2,047 | 502,948 | |||||||||
Thermo Fisher Scientific, Inc. | 1,137 | 613,991 | |||||||||
Wuxi Biologics Cayman, Inc.(2) | 30,000 | 458,227 | |||||||||
5,667,282 | |||||||||||
Machinery — 0.8% | |||||||||||
ANDRITZ AG | 2,308 | 127,067 | |||||||||
Astec Industries, Inc. | 1,873 | 114,834 | |||||||||
Crane Co. | 3,923 | 381,433 | |||||||||
Cummins, Inc. | 3,356 | 778,928 | |||||||||
Evoqua Water Technologies Corp.(2) | 5,400 | 178,254 | |||||||||
FANUC Corp. | 1,300 | 291,158 | |||||||||
Graco, Inc. | 6,496 | 507,208 | |||||||||
IHI Corp.(2) | 5,700 | 131,841 | |||||||||
IMI plc | 8,021 | 196,233 | |||||||||
Japan Steel Works Ltd. (The) | 3,000 | 73,799 | |||||||||
Kornit Digital Ltd.(2) | 1,027 | 135,728 | |||||||||
Metso Outotec Oyj | 14,932 | 169,540 | |||||||||
Oshkosh Corp. | 4,315 | 515,858 |
Shares/Principal Amount | Value | ||||||||||
PACCAR, Inc. | 4,914 | $ | 407,813 | ||||||||
Parker-Hannifin Corp. | 5,465 | 1,705,244 | |||||||||
Rexnord Corp. | 10,325 | 581,607 | |||||||||
Techtronic Industries Co. Ltd. | 31,000 | 552,801 | |||||||||
Timken Co. (The) | 2,079 | 165,280 | |||||||||
Trelleborg AB, B Shares | 2,718 | 67,188 | |||||||||
Tsubaki Nakashima Co. Ltd. | 7,100 | 107,029 | |||||||||
7,188,843 | |||||||||||
Media — 0.3% | |||||||||||
Atresmedia Corp. de Medios de Comunicacion SA(2) | 16,736 | 69,190 | |||||||||
Comcast Corp., Class A | 6,626 | 389,808 | |||||||||
Criteo SA, ADR(2) | 1,551 | 60,163 | |||||||||
Fox Corp., Class B | 23,631 | 785,494 | |||||||||
Future plc | 3,638 | 174,282 | |||||||||
Nordic Entertainment Group AB, B Shares(2) | 1,865 | 99,593 | |||||||||
ProSiebenSat.1 Media SE | 2,933 | 55,724 | |||||||||
Publicis Groupe SA | 8,165 | 515,462 | |||||||||
Storytel AB(2) | 1,043 | 27,007 | |||||||||
WPP plc | 49,186 | 636,124 | |||||||||
2,812,847 | |||||||||||
Metals and Mining — 0.1% | |||||||||||
Alamos Gold, Inc. (New York), Class A | 7,450 | 60,494 | |||||||||
APERAM SA | 2,161 | 135,432 | |||||||||
Mineral Resources Ltd. | 2,112 | 97,721 | |||||||||
MMC Norilsk Nickel PJSC | 1,515 | 523,638 | |||||||||
Nickel Mines Ltd. | 31,311 | 25,264 | |||||||||
OZ Minerals Ltd. | 4,454 | 75,512 | |||||||||
Teck Resources Ltd., Class B | 13,017 | 297,308 | |||||||||
1,215,369 | |||||||||||
Multi-Utilities — 0.1% | |||||||||||
NorthWestern Corp. | 13,685 | 848,333 | |||||||||
Multiline Retail — 0.2% | |||||||||||
Dollar Tree, Inc.(2) | 7,882 | 786,545 | |||||||||
Isetan Mitsukoshi Holdings Ltd. | 16,000 | 108,344 | |||||||||
Magazine Luiza SA | 75,876 | 300,110 | |||||||||
Marks & Spencer Group plc(2) | 38,322 | 72,142 | |||||||||
Target Corp. | 1,384 | 361,293 | |||||||||
1,628,434 | |||||||||||
Oil, Gas and Consumable Fuels — 0.6% | |||||||||||
Cimarex Energy Co. | 3,749 | 244,435 | |||||||||
ConocoPhillips | 27,895 | 1,563,794 | |||||||||
Devon Energy Corp. | 17,152 | 443,208 | |||||||||
Eni SpA | 17,985 | 212,684 | |||||||||
Matador Resources Co. | 4,956 | 153,140 | |||||||||
Neste Oyj | 7,363 | 452,609 | |||||||||
Pioneer Natural Resources Co. | 2,550 | 370,693 | |||||||||
Surgutneftegas PJSC, Preference Shares | 912,892 | 476,530 | |||||||||
TotalEnergies SE | 12,519 | 545,912 | |||||||||
Whitecap Resources, Inc.(3) | 58,475 | 267,628 | |||||||||
4,730,633 |
Shares/Principal Amount | Value | ||||||||||
Paper and Forest Products — 0.1% | |||||||||||
Mondi plc | 32,128 | $ | 890,709 | ||||||||
Personal Products — 0.1% | |||||||||||
Estee Lauder Cos., Inc. (The), Class A | 921 | 307,457 | |||||||||
Shiseido Co. Ltd. | 7,900 | 528,002 | |||||||||
835,459 | |||||||||||
Pharmaceuticals — 0.8% | |||||||||||
ALK-Abello A/S(2) | 291 | 143,465 | |||||||||
Arvinas, Inc.(2) | 1,038 | 104,942 | |||||||||
AstraZeneca plc | 2,325 | 267,165 | |||||||||
AstraZeneca plc, ADR | 12,963 | 742,002 | |||||||||
Axsome Therapeutics, Inc.(2) | 1,155 | 56,121 | |||||||||
Bristol-Myers Squibb Co. | 9,291 | 630,580 | |||||||||
Dermapharm Holding SE | 1,215 | 97,192 | |||||||||
Edgewise Therapeutics, Inc.(2)(3) | 2,587 | 45,298 | |||||||||
GlaxoSmithKline plc | 52,740 | 1,041,290 | |||||||||
Harmony Biosciences Holdings, Inc.(2) | 1,654 | 43,269 | |||||||||
Laboratorios Farmaceuticos Rovi SA | 1,039 | 73,342 | |||||||||
Merck & Co., Inc. | 7,172 | 551,312 | |||||||||
Novartis AG | 4,083 | 377,589 | |||||||||
Novo Nordisk A/S, B Shares | 9,169 | 848,786 | |||||||||
Reata Pharmaceuticals, Inc., Class A(2) | 583 | 73,056 | |||||||||
Sanofi | 2,088 | 215,217 | |||||||||
Sanofi, ADR | 12,651 | 652,286 | |||||||||
Takeda Pharmaceutical Co. Ltd. | 15,600 | 519,270 | |||||||||
Zoetis, Inc. | 2,786 | 564,722 | |||||||||
7,046,904 | |||||||||||
Professional Services — 0.5% | |||||||||||
ASGN, Inc.(2) | 1,292 | 130,660 | |||||||||
Bureau Veritas SA | 11,044 | 364,714 | |||||||||
CoStar Group, Inc.(2) | 6,000 | 533,100 | |||||||||
DKSH Holding AG | 1,277 | 107,953 | |||||||||
en Japan, Inc. | 2,500 | 87,302 | |||||||||
First Advantage Corp.(2) | 8,415 | 165,018 | |||||||||
IHS Markit Ltd. | 1,546 | 180,635 | |||||||||
IR Japan Holdings Ltd. | 500 | 61,873 | |||||||||
Jacobs Engineering Group, Inc. | 5,985 | 809,471 | |||||||||
Outsourcing, Inc. | 3,600 | 68,907 | |||||||||
Recruit Holdings Co. Ltd. | 12,300 | 637,517 | |||||||||
Teleperformance | 1,173 | 494,767 | |||||||||
TransUnion | 3,260 | 391,395 | |||||||||
Verisk Analytics, Inc. | 2,620 | 497,643 | |||||||||
4,530,955 | |||||||||||
Real Estate Management and Development — 0.3% | |||||||||||
Altus Group Ltd.(3) | 1,978 | 93,097 | |||||||||
CapitaLand Ltd. | 56,200 | 166,968 | |||||||||
Colliers International Group, Inc. | 738 | 94,899 | |||||||||
Colliers International Group, Inc. (Toronto) | 1,158 | 148,583 | |||||||||
CTP NV(2) | 9,863 | 198,812 | |||||||||
ESR Cayman Ltd.(2) | 41,000 | 144,108 | |||||||||
Fastighets AB Balder, B Shares(2) | 1,400 | 96,612 |
Shares/Principal Amount | Value | ||||||||||
FirstService Corp. | 485 | $ | 90,337 | ||||||||
Newmark Group, Inc., Class A | 6,083 | 78,349 | |||||||||
Relo Group, Inc. | 2,500 | 55,172 | |||||||||
Samhallsbyggnadsbolaget i Norden AB(3) | 22,962 | 115,038 | |||||||||
Savills plc | 5,153 | 82,300 | |||||||||
Tokyu Fudosan Holdings Corp. | 43,800 | 247,266 | |||||||||
Tricon Residential, Inc. | 38,850 | 465,540 | |||||||||
VGP NV | 561 | 115,495 | |||||||||
2,192,576 | |||||||||||
Road and Rail — 0.2% | |||||||||||
Heartland Express, Inc. | 22,861 | 389,323 | |||||||||
Nagoya Railroad Co. Ltd.(2) | 2,600 | 43,783 | |||||||||
Norfolk Southern Corp. | 1,663 | 428,771 | |||||||||
TFI International, Inc. | 1,191 | 133,324 | |||||||||
Union Pacific Corp. | 1,561 | 341,485 | |||||||||
1,336,686 | |||||||||||
Semiconductors and Semiconductor Equipment — 1.1% | |||||||||||
Advanced Micro Devices, Inc.(2) | 3,312 | 351,701 | |||||||||
Allegro MicroSystems, Inc.(2) | 2,455 | 67,292 | |||||||||
Applied Materials, Inc. | 3,937 | 550,904 | |||||||||
ASM International NV | 163 | 57,850 | |||||||||
ASML Holding NV | 1,000 | 764,384 | |||||||||
BE Semiconductor Industries NV | 1,551 | 136,114 | |||||||||
Enphase Energy, Inc.(2) | 5,298 | 1,004,501 | |||||||||
Ichor Holdings Ltd.(2) | 1,967 | 101,438 | |||||||||
Infineon Technologies AG | 11,861 | 453,258 | |||||||||
MACOM Technology Solutions Holdings, Inc.(2) | 3,659 | 225,833 | |||||||||
Marvell Technology, Inc. | 14,848 | 898,453 | |||||||||
Nova Ltd.(2) | 1,589 | 155,404 | |||||||||
NVIDIA Corp. | 6,112 | 1,191,779 | |||||||||
Onto Innovation, Inc.(2) | 2,900 | 203,232 | |||||||||
Optorun Co. Ltd. | 800 | 16,121 | |||||||||
Power Integrations, Inc. | 910 | 88,261 | |||||||||
Semtech Corp.(2) | 3,525 | 218,233 | |||||||||
Skyworks Solutions, Inc. | 5,591 | 1,031,595 | |||||||||
SOITEC(2) | 506 | 121,312 | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 38,000 | 794,181 | |||||||||
Teradyne, Inc. | 4,261 | 541,147 | |||||||||
Texas Instruments, Inc. | 3,406 | 649,252 | |||||||||
9,622,245 | |||||||||||
Software — 2.4% | |||||||||||
Adobe, Inc.(2) | 1,005 | 624,738 | |||||||||
Atlassian Corp. plc, Class A(2) | 3,209 | 1,043,310 | |||||||||
Autodesk, Inc.(2) | 3,157 | 1,013,808 | |||||||||
Cadence Design Systems, Inc.(2) | 11,475 | 1,694,284 | |||||||||
CDK Global, Inc. | 8,061 | 386,847 | |||||||||
Cloudflare, Inc., Class A(2) | 3,248 | 385,310 | |||||||||
Coupa Software, Inc.(2) | 1,546 | 335,482 | |||||||||
Dassault Systemes SE | 8,440 | 465,569 | |||||||||
Descartes Systems Group, Inc. (The)(2) | 1,626 | 117,936 | |||||||||
DocuSign, Inc.(2) | 5,453 | 1,625,212 |
Shares/Principal Amount | Value | ||||||||||
Everbridge, Inc.(2) | 691 | $ | 97,583 | ||||||||
Five9, Inc.(2) | 1,036 | 208,537 | |||||||||
HubSpot, Inc.(2) | 2,398 | 1,429,256 | |||||||||
Lightspeed POS, Inc.(2) | 1,106 | 94,705 | |||||||||
m-up Holdings, Inc. | 1,800 | 54,187 | |||||||||
Manhattan Associates, Inc.(2) | 9,956 | 1,589,276 | |||||||||
Microsoft Corp. | 17,197 | 4,899,597 | |||||||||
Model N, Inc.(2) | 4,265 | 138,058 | |||||||||
nCino, Inc.(2) | 2,346 | 149,135 | |||||||||
Open Text Corp. | 9,847 | 511,158 | |||||||||
Palo Alto Networks, Inc.(2) | 3,808 | 1,519,582 | |||||||||
Paycor HCM, Inc.(2) | 3,464 | 95,260 | |||||||||
Paylocity Holding Corp.(2) | 1,039 | 215,551 | |||||||||
RingCentral, Inc., Class A(2) | 2,240 | 598,685 | |||||||||
SailPoint Technologies Holdings, Inc.(2) | 4,347 | 217,307 | |||||||||
salesforce.com, Inc.(2) | 1,629 | 394,104 | |||||||||
Sprinklr, Inc., Class A(2) | 5,262 | 101,767 | |||||||||
Sprout Social, Inc., Class A(2) | 3,862 | 343,100 | |||||||||
Workday, Inc., Class A(2) | 615 | 144,156 | |||||||||
20,493,500 | |||||||||||
Specialty Retail — 0.9% | |||||||||||
Advance Auto Parts, Inc. | 5,377 | 1,140,247 | |||||||||
American Eagle Outfitters, Inc.(3) | 6,747 | 232,569 | |||||||||
Arko Corp.(2) | 11,987 | 99,492 | |||||||||
Burlington Stores, Inc.(2) | 3,486 | 1,167,113 | |||||||||
Carvana Co.(2) | 1,799 | 607,270 | |||||||||
Five Below, Inc.(2) | 2,536 | 493,049 | |||||||||
Floor & Decor Holdings, Inc., Class A(2) | 5,633 | 687,282 | |||||||||
Home Depot, Inc. (The) | 4,332 | 1,421,719 | |||||||||
Leslie's, Inc.(2) | 9,637 | 234,661 | |||||||||
Lithia Motors, Inc. | 294 | 110,903 | |||||||||
Musti Group Oyj(2) | 3,117 | 128,659 | |||||||||
National Vision Holdings, Inc.(2) | 3,511 | 189,524 | |||||||||
Nextage Co. Ltd. | 6,400 | 131,632 | |||||||||
Pets at Home Group plc | 20,309 | 131,944 | |||||||||
TJX Cos., Inc. (The) | 6,250 | 430,062 | |||||||||
Tractor Supply Co. | 997 | 180,387 | |||||||||
Watches of Switzerland Group plc(2) | 10,904 | 152,505 | |||||||||
WH Smith plc(2) | 2,419 | 54,558 | |||||||||
7,593,576 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.4% | |||||||||||
Apple, Inc. | 16,837 | 2,455,845 | |||||||||
HP, Inc. | 23,246 | 671,112 | |||||||||
3,126,957 | |||||||||||
Textiles, Apparel and Luxury Goods — 0.5% | |||||||||||
ANTA Sports Products Ltd. | 23,000 | 500,741 | |||||||||
Asics Corp. | 4,700 | 103,798 | |||||||||
Capri Holdings Ltd.(2) | 2,633 | 148,264 | |||||||||
Crocs, Inc.(2) | 2,171 | 294,844 | |||||||||
Dr. Martens plc(2) | 14,150 | 85,270 | |||||||||
lululemon athletica, Inc.(2) | 2,606 | 1,042,843 |
Shares/Principal Amount | Value | ||||||||||
LVMH Moet Hennessy Louis Vuitton SE | 801 | $ | 641,334 | ||||||||
NIKE, Inc., Class B | 5,334 | 893,498 | |||||||||
Pandora A/S | 1,302 | 168,423 | |||||||||
Puma SE | 4,090 | 501,718 | |||||||||
VF Corp. | 3,577 | 286,875 | |||||||||
4,667,608 | |||||||||||
Thrifts and Mortgage Finance† | |||||||||||
Capitol Federal Financial, Inc. | 15,982 | 177,240 | |||||||||
NMI Holdings, Inc., Class A(2) | 3,556 | 78,303 | |||||||||
255,543 | |||||||||||
Trading Companies and Distributors — 0.4% | |||||||||||
AddTech AB, B Shares | 3,676 | 76,489 | |||||||||
Ashtead Group plc | 6,291 | 470,752 | |||||||||
Beacon Roofing Supply, Inc.(2) | 3,446 | 184,292 | |||||||||
Diploma plc | 3,516 | 144,435 | |||||||||
Electrocomponents plc | 10,769 | 152,142 | |||||||||
Finning International, Inc. | 7,839 | 202,698 | |||||||||
Grafton Group plc | 10,988 | 196,032 | |||||||||
Howden Joinery Group plc | 13,645 | 170,038 | |||||||||
MSC Industrial Direct Co., Inc., Class A | 9,736 | 868,159 | |||||||||
NOW, Inc.(2) | 5,943 | 58,657 | |||||||||
Seven Group Holdings Ltd.(3) | 3,801 | 65,190 | |||||||||
W.W. Grainger, Inc. | 1,583 | 703,770 | |||||||||
Yamazen Corp. | 6,100 | 57,566 | |||||||||
3,350,220 | |||||||||||
TOTAL COMMON STOCKS (Cost $182,720,732) | 273,733,142 | ||||||||||
U.S. TREASURY SECURITIES — 5.2% | |||||||||||
U.S. Treasury Bills, 0.05%, 9/30/21(4) | $ | 450,000 | 449,969 | ||||||||
U.S. Treasury Bonds, 3.00%, 5/15/42 | 250,000 | 301,709 | |||||||||
U.S. Treasury Bonds, 3.75%, 11/15/43 | 40,000 | 54,102 | |||||||||
U.S. Treasury Bonds, 3.125%, 8/15/44(5) | 1,350,000 | 1,671,996 | |||||||||
U.S. Treasury Bonds, 3.00%, 5/15/45 | 100,000 | 121,840 | |||||||||
U.S. Treasury Bonds, 3.00%, 11/15/45 | 50,000 | 61,101 | |||||||||
U.S. Treasury Cash Management Bills, 0.04%, 9/16/21(4) | 440,000 | 439,979 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/25(5) | 2,642,799 | 3,091,572 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.00%, 1/15/26 | 1,560,217 | 1,859,416 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/27 | 267,054 | 332,990 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.50%, 1/15/29 | 2,696,530 | 3,558,784 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.125%, 2/15/40 | 448,502 | 688,420 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/42 | 786,515 | 990,054 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.625%, 2/15/43 | 363,078 | 448,750 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 1.375%, 2/15/44 | 1,328,710 | 1,893,637 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45 | 1,395,082 | 1,782,968 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.875%, 2/15/47 | 446,204 | 596,562 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.125%, 2/15/51 | 568,854 | 654,688 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/24 | 4,327,688 | 4,678,185 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 4/15/24 | 3,203,010 | 3,469,266 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/25 | 1,928,607 | 2,103,494 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/26 | 1,359,912 | 1,531,839 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/26 | 3,080,370 | 3,400,306 |
Shares/Principal Amount | Value | ||||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/26 | $ | 3,875,661 | $ | 4,317,915 | |||||||
U.S. Treasury Inflation Indexed Notes, 0.875%, 1/15/29 | 373,251 | 443,739 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 1/15/31 | 3,103,260 | 3,515,788 | |||||||||
U.S. Treasury Notes, 2.00%, 12/31/21(5) | 200,000 | 201,598 | |||||||||
U.S. Treasury Notes, 2.25%, 8/15/27(5) | 200,000 | 216,469 | |||||||||
U.S. Treasury Notes, 0.625%, 5/15/30 | 1,700,000 | 1,622,836 | |||||||||
TOTAL U.S. TREASURY SECURITIES (Cost $39,660,436) | 44,499,972 | ||||||||||
CORPORATE BONDS — 3.4% | |||||||||||
Aerospace and Defense — 0.1% | |||||||||||
Boeing Co. (The), 5.81%, 5/1/50 | 70,000 | 95,642 | |||||||||
Bombardier, Inc., 6.00%, 10/15/22(6) | 16,000 | 16,082 | |||||||||
Howmet Aerospace, Inc., 5.125%, 10/1/24 | 160,000 | 176,350 | |||||||||
TransDigm, Inc., 6.375%, 6/15/26 | 50,000 | 51,750 | |||||||||
TransDigm, Inc., 4.625%, 1/15/29(6) | 290,000 | 289,649 | |||||||||
629,473 | |||||||||||
Airlines — 0.1% | |||||||||||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(6) | 315,000 | 329,962 | |||||||||
United Airlines Holdings, Inc., 5.00%, 2/1/24 | 140,000 | 145,381 | |||||||||
475,343 | |||||||||||
Auto Components† | |||||||||||
ZF North America Capital, Inc., 4.75%, 4/29/25(6) | 110,000 | 119,567 | |||||||||
Automobiles — 0.1% | |||||||||||
Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | 370,000 | 383,918 | |||||||||
General Motors Co., 5.15%, 4/1/38 | 240,000 | 295,138 | |||||||||
679,056 | |||||||||||
Banks — 0.4% | |||||||||||
Akbank T.A.S., 5.00%, 10/24/22 | 70,000 | 72,012 | |||||||||
Avi Funding Co. Ltd., 3.80%, 9/16/25(6) | 143,000 | 157,988 | |||||||||
Banco Santander SA, MTN, 2.50%, 3/18/25 | EUR | 100,000 | 128,829 | ||||||||
Banistmo SA, 4.25%, 7/31/27(6) | $ | 235,000 | 241,956 | ||||||||
Bank of America Corp., MTN, 2.30%, 7/25/25 | GBP | 100,000 | 146,874 | ||||||||
Bank of America Corp., MTN, VRN, 2.68%, 6/19/41 | $ | 370,000 | 365,821 | ||||||||
Barclays Bank plc, MTN, 6.625%, 3/30/22 | EUR | 50,000 | 61,912 | ||||||||
CaixaBank SA, MTN, VRN, 2.75%, 7/14/28 | EUR | 100,000 | 123,959 | ||||||||
CaixaBank SA, MTN, VRN, 2.25%, 4/17/30 | EUR | 100,000 | 125,002 | ||||||||
Citigroup, Inc., VRN, 3.52%, 10/27/28 | $ | 220,000 | 242,622 | ||||||||
Co-Operative Bank plc (The), 4.75%, 11/11/21 (Secured) | GBP | 100,000 | 140,476 | ||||||||
Commerzbank AG, MTN, 4.00%, 3/23/26 | EUR | 150,000 | 202,011 | ||||||||
Credit Agricole SA, MTN, 7.375%, 12/18/23 | GBP | 50,000 | 79,925 | ||||||||
European Financial Stability Facility, MTN, 2.125%, 2/19/24 | EUR | 93,000 | 117,958 | ||||||||
European Financial Stability Facility, MTN, 0.40%, 5/31/26 | EUR | 200,000 | 247,498 | ||||||||
ING Groep NV, MTN, 2.125%, 1/10/26 | EUR | 200,000 | 260,580 | ||||||||
Intercorp Financial Services, Inc., 4.125%, 10/19/27(6) | $ | 170,000 | 171,800 | ||||||||
Kreditanstalt fuer Wiederaufbau, 4.625%, 1/4/23 | EUR | 75,000 | 95,685 | ||||||||
Lloyds Bank plc, MTN, 7.625%, 4/22/25 | GBP | 20,000 | 34,389 | ||||||||
Wells Fargo & Co., VRN, 3.07%, 4/30/41 | $ | 365,000 | 383,311 | ||||||||
3,400,608 | |||||||||||
Beverages† | |||||||||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46 | 130,000 | 166,976 |
Shares/Principal Amount | Value | ||||||||||
Biotechnology — 0.1% | |||||||||||
AbbVie, Inc., 4.55%, 3/15/35 | $ | 40,000 | $ | 49,158 | |||||||
AbbVie, Inc., 4.40%, 11/6/42 | 280,000 | 345,619 | |||||||||
Gilead Sciences, Inc., 3.65%, 3/1/26 | 230,000 | 255,128 | |||||||||
649,905 | |||||||||||
Capital Markets — 0.1% | |||||||||||
Goldman Sachs Group, Inc. (The), 5.50%, 10/12/21 | GBP | 50,000 | 70,137 | ||||||||
Goldman Sachs Group, Inc. (The), VRN, 1.43%, 3/9/27 | $ | 125,000 | 125,674 | ||||||||
LPL Holdings, Inc., 4.375%, 5/15/31(6) | 424,000 | 435,141 | |||||||||
MDGH - GMTN B.V., 3.25%, 4/28/22(6) | 57,000 | 58,249 | |||||||||
689,201 | |||||||||||
Chemicals† | |||||||||||
Dow Chemical Co. (The), 3.60%, 11/15/50 | 170,000 | 189,693 | |||||||||
Equate Petrochemical BV, 4.25%, 11/3/26(6) | 46,000 | 51,199 | |||||||||
Olin Corp., 5.125%, 9/15/27 | 70,000 | 72,977 | |||||||||
313,869 | |||||||||||
Commercial Services and Supplies — 0.1% | |||||||||||
Sodexo, Inc., 2.72%, 4/16/31(6) | 300,000 | 311,241 | |||||||||
Waste Management, Inc., 2.50%, 11/15/50 | 120,000 | 115,888 | |||||||||
427,129 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
Navient Corp., 4.875%, 3/15/28 | 420,000 | 424,211 | |||||||||
Containers and Packaging — 0.1% | |||||||||||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc, 4.00%, 9/1/29(6) | 145,000 | 145,544 | |||||||||
Ball Corp., 5.25%, 7/1/25 | 35,000 | 39,518 | |||||||||
Mauser Packaging Solutions Holding Co., 5.50%, 4/15/24(6) | 40,000 | 40,300 | |||||||||
Owens-Brockway Glass Container, Inc., 5.875%, 8/15/23(6) | 40,000 | 42,982 | |||||||||
Sealed Air Corp., 5.125%, 12/1/24(6) | 105,000 | 114,251 | |||||||||
382,595 | |||||||||||
Diversified Financial Services — 0.1% | |||||||||||
Allen C Stonecipher Life Insurance Trust, VRDN, 0.12%, 8/6/21 (LOC: Texas Capital Bank and FHLB) | 155,000 | 155,000 | |||||||||
Fiore Capital LLC, VRDN, 0.12%, 8/6/21 (LOC: Wells Fargo Bank N.A.) | 450,000 | 450,000 | |||||||||
605,000 | |||||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
Altice France SA, 7.375%, 5/1/26(6) | 140,000 | 145,775 | |||||||||
AT&T, Inc., 3.55%, 9/15/55(6) | 68,000 | 70,404 | |||||||||
Hughes Satellite Systems Corp., 5.25%, 8/1/26 | 100,000 | 111,950 | |||||||||
Level 3 Financing, Inc., 4.625%, 9/15/27(6) | 185,000 | 192,426 | |||||||||
Lumen Technologies, Inc., 5.80%, 3/15/22 | 45,000 | 46,233 | |||||||||
Ooredoo International Finance Ltd., 3.75%, 6/22/26(6) | 86,000 | 95,255 | |||||||||
Turk Telekomunikasyon AS, 4.875%, 6/19/24(6) | 115,000 | 120,565 | |||||||||
Verizon Communications, Inc., 1.75%, 1/20/31 | 140,000 | 136,100 | |||||||||
Verizon Communications, Inc., 2.99%, 10/30/56 | 200,000 | 194,891 | |||||||||
1,113,599 | |||||||||||
Electric Utilities — 0.1% | |||||||||||
Duke Energy Carolinas LLC, 3.20%, 8/15/49 | 140,000 | 152,284 | |||||||||
Duke Energy Florida LLC, 3.85%, 11/15/42 | 40,000 | 47,734 | |||||||||
Duke Energy Progress LLC, 4.15%, 12/1/44 | 40,000 | 49,453 | |||||||||
Exelon Corp., 4.45%, 4/15/46 | 20,000 | 24,931 |
Shares/Principal Amount | Value | ||||||||||
Greenko Investment Co., 4.875%, 8/16/23(6) | $ | 57,000 | $ | 57,674 | |||||||
Israel Electric Corp. Ltd., 6.875%, 6/21/23(6) | 57,000 | 63,493 | |||||||||
MidAmerican Energy Co., 4.40%, 10/15/44 | 60,000 | 76,055 | |||||||||
NRG Energy, Inc., 7.25%, 5/15/26 | 75,000 | 78,111 | |||||||||
PacifiCorp, 2.90%, 6/15/52 | 60,000 | 61,352 | |||||||||
Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, MTN, 3.00%, 6/30/30 | 300,000 | 301,056 | |||||||||
Southern Co. Gas Capital Corp., 3.95%, 10/1/46 | 20,000 | 22,967 | |||||||||
Virginia Electric and Power Co., 2.45%, 12/15/50 | 70,000 | 66,248 | |||||||||
1,001,358 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 0.1% | |||||||||||
EPR Properties, 4.95%, 4/15/28 | 398,000 | 430,980 | |||||||||
IIP Operating Partnership LP, 5.50%, 5/25/26(6) | 180,000 | 188,361 | |||||||||
Iron Mountain, Inc., 4.875%, 9/15/29(6) | 355,000 | 372,384 | |||||||||
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24 | 90,000 | 97,530 | |||||||||
1,089,255 | |||||||||||
Food and Staples Retailing† | |||||||||||
Kroger Co. (The), 3.875%, 10/15/46 | 80,000 | 90,198 | |||||||||
Food Products† | |||||||||||
Lamb Weston Holdings, Inc., 4.625%, 11/1/24(6) | 90,000 | 92,471 | |||||||||
MHP SE, 7.75%, 5/10/24(6) | 71,000 | 76,819 | |||||||||
Post Holdings, Inc., 4.625%, 4/15/30(6) | 190,000 | 193,818 | |||||||||
363,108 | |||||||||||
Gas Utilities† | |||||||||||
Perusahaan Gas Negara Tbk PT, 5.125%, 5/16/24 | 114,000 | 125,987 | |||||||||
Health Care Providers and Services — 0.2% | |||||||||||
CHS / Community Health Systems, Inc., 8.00%, 12/15/27(6) | 17,000 | 18,842 | |||||||||
CHS / Community Health Systems, Inc., 6.875%, 4/1/28(6) | 42,000 | 41,578 | |||||||||
CVS Health Corp., 4.30%, 3/25/28 | 68,000 | 78,799 | |||||||||
CVS Health Corp., 4.78%, 3/25/38 | 40,000 | 50,291 | |||||||||
DaVita, Inc., 4.625%, 6/1/30(6) | 270,000 | 279,450 | |||||||||
Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 70,000 | 74,310 | |||||||||
Team Health Holdings, Inc., 6.375%, 2/1/25(6) | 45,000 | 41,794 | |||||||||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 50,000 | 54,313 | |||||||||
Tenet Healthcare Corp., 6.125%, 10/1/28(6) | 245,000 | 261,242 | |||||||||
Universal Health Services, Inc., 2.65%, 10/15/30(6) | 335,000 | 341,380 | |||||||||
1,241,999 | |||||||||||
Hotels, Restaurants and Leisure — 0.1% | |||||||||||
1011778 BC ULC / New Red Finance, Inc., 4.375%, 1/15/28(6) | 120,000 | 121,956 | |||||||||
Caesars Resort Collection LLC / CRC Finco, Inc., 5.25%, 10/15/25(6) | 290,000 | 292,729 | |||||||||
Golden Nugget, Inc., 6.75%, 10/15/24(6) | 140,000 | 140,525 | |||||||||
MGM Resorts International, 6.00%, 3/15/23 | 135,000 | 142,819 | |||||||||
MGM Resorts International, 4.625%, 9/1/26 | 39,000 | 40,706 | |||||||||
Penn National Gaming, Inc., 5.625%, 1/15/27(6) | 175,000 | 181,563 | |||||||||
Penn National Gaming, Inc., 4.125%, 7/1/29(6) | 43,000 | 42,450 | |||||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25(6) | 235,000 | 248,806 | |||||||||
1,211,554 | |||||||||||
Household Durables — 0.1% | |||||||||||
KB Home, 4.80%, 11/15/29 | 253,000 | 276,402 |
Shares/Principal Amount | Value | ||||||||||
Meritage Homes Corp., 5.125%, 6/6/27 | $ | 190,000 | $ | 214,227 | |||||||
490,629 | |||||||||||
Industrial Conglomerates† | |||||||||||
General Electric Co., 4.35%, 5/1/50 | 170,000 | 209,872 | |||||||||
Insurance† | |||||||||||
American International Group, Inc., 6.25%, 5/1/36 | 200,000 | 283,780 | |||||||||
Interactive Media and Services† | |||||||||||
Tencent Holdings Ltd., 3.80%, 2/11/25(6) | 86,000 | 93,576 | |||||||||
Internet and Direct Marketing Retail — 0.1% | |||||||||||
Alibaba Group Holding Ltd., 2.80%, 6/6/23 | 200,000 | 207,544 | |||||||||
Meituan, 3.05%, 10/28/30(6) | 300,000 | 281,071 | |||||||||
Prosus NV, 3.68%, 1/21/30(6) | 300,000 | 316,428 | |||||||||
805,043 | |||||||||||
IT Services† | |||||||||||
CDW LLC / CDW Finance Corp., 5.50%, 12/1/24 | 90,000 | 99,370 | |||||||||
Life Sciences Tools and Services† | |||||||||||
Agilent Technologies, Inc., 2.30%, 3/12/31 | 310,000 | 316,875 | |||||||||
Media — 0.3% | |||||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28(6) | 80,000 | 83,980 | |||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 4.25%, 2/1/31(6) | 274,000 | 283,047 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 6.48%, 10/23/45 | 50,000 | 70,509 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 5.125%, 7/1/49 | 160,000 | 194,600 | |||||||||
CSC Holdings LLC, 5.875%, 9/15/22 | 125,000 | 130,916 | |||||||||
CSC Holdings LLC, 5.25%, 6/1/24 | 180,000 | 194,715 | |||||||||
DISH DBS Corp., 7.75%, 7/1/26 | 165,000 | 188,513 | |||||||||
Gray Television, Inc., 5.875%, 7/15/26(6) | 175,000 | 180,906 | |||||||||
Lamar Media Corp., 3.75%, 2/15/28 | 185,000 | 188,386 | |||||||||
TEGNA, Inc., 4.625%, 3/15/28 | 376,000 | 387,895 | |||||||||
ViacomCBS, Inc., 4.375%, 3/15/43 | 100,000 | 118,516 | |||||||||
Ziggo BV, 5.50%, 1/15/27(6) | 150,000 | 155,714 | |||||||||
2,177,697 | |||||||||||
Metals and Mining — 0.3% | |||||||||||
Alcoa Nederland Holding BV, 4.125%, 3/31/29(6) | 200,000 | 210,906 | |||||||||
Cleveland-Cliffs, Inc., 4.625%, 3/1/29(6) | 235,000 | 249,712 | |||||||||
First Quantum Minerals Ltd., 7.25%, 4/1/23 | 50,000 | 51,000 | |||||||||
First Quantum Minerals Ltd., 6.50%, 3/1/24(6) | 140,000 | 142,937 | |||||||||
Freeport-McMoRan, Inc., 5.40%, 11/14/34 | 215,000 | 273,630 | |||||||||
GUSAP III LP, 4.25%, 1/21/30(6) | 300,000 | 326,901 | |||||||||
Indonesia Asahan Aluminium Persero PT, 5.45%, 5/15/30(6) | 300,000 | 350,289 | |||||||||
Minera Mexico SA de CV, 4.50%, 1/26/50(6) | 300,000 | 337,221 | |||||||||
Teck Resources Ltd., 6.25%, 7/15/41 | 130,000 | 175,517 | |||||||||
2,118,113 | |||||||||||
Mortgage Real Estate Investment Trusts (REITs)† | |||||||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.75%, 6/15/29(6) | 355,000 | 354,113 | |||||||||
Multi-Utilities† | |||||||||||
Dominion Energy, Inc., 4.90%, 8/1/41 | 30,000 | 39,349 | |||||||||
NiSource, Inc., 5.65%, 2/1/45 | 70,000 | 98,516 |
Shares/Principal Amount | Value | ||||||||||
Sempra Energy, 3.25%, 6/15/27 | $ | 50,000 | $ | 54,502 | |||||||
192,367 | |||||||||||
Oil, Gas and Consumable Fuels — 0.3% | |||||||||||
Antero Resources Corp., 7.625%, 2/1/29(6) | 133,000 | 145,967 | |||||||||
BP Capital Markets America, Inc., 3.06%, 6/17/41 | 100,000 | 103,249 | |||||||||
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | 90,000 | 92,246 | |||||||||
Enterprise Products Operating LLC, 4.85%, 3/15/44 | 130,000 | 163,138 | |||||||||
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(6) | 300,000 | 302,795 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 6.51%, 3/7/22(6) | 79,000 | 81,712 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 7.29%, 8/16/37(6) | 79,000 | 110,491 | |||||||||
KazMunayGas National Co. JSC, 4.75%, 4/19/27 | 300,000 | 340,872 | |||||||||
Kinder Morgan Energy Partners LP, 6.50%, 9/1/39 | 60,000 | 85,489 | |||||||||
MEG Energy Corp., 6.50%, 1/15/25(6) | 49,000 | 50,696 | |||||||||
MEG Energy Corp., 5.875%, 2/1/29(6) | 120,000 | 124,213 | |||||||||
NuStar Logistics LP, 4.75%, 2/1/22 | 40,000 | 40,269 | |||||||||
Petroleos Mexicanos, 3.50%, 1/30/23 | 50,000 | 50,967 | |||||||||
Petroleos Mexicanos, 6.50%, 3/13/27 | 80,000 | 84,820 | |||||||||
Petroleos Mexicanos, 5.50%, 6/27/44 | 60,000 | 49,367 | |||||||||
Saudi Arabian Oil Co., MTN, 4.25%, 4/16/39 | 300,000 | 340,467 | |||||||||
SM Energy Co., 5.00%, 1/15/24 | 70,000 | 69,777 | |||||||||
Southwestern Energy Co., 6.45%, 1/23/25 | 150,000 | 164,431 | |||||||||
Suncor Energy, Inc., 3.75%, 3/4/51 | 60,000 | 66,694 | |||||||||
2,467,660 | |||||||||||
Personal Products† | |||||||||||
Avon Products, Inc., 6.50%, 3/15/23 | 45,000 | 47,981 | |||||||||
Pharmaceuticals — 0.1% | |||||||||||
Astrazeneca Finance LLC, 1.75%, 5/28/28 | 310,000 | 315,714 | |||||||||
Bausch Health Cos., Inc., 6.125%, 4/15/25(6) | 110,000 | 112,406 | |||||||||
428,120 | |||||||||||
Real Estate Management and Development† | |||||||||||
Howard Hughes Corp. (The), 4.375%, 2/1/31(6) | 212,000 | 211,727 | |||||||||
Road and Rail† | |||||||||||
Burlington Northern Santa Fe LLC, 4.45%, 3/15/43 | 12,000 | 15,468 | |||||||||
Burlington Northern Santa Fe LLC, 4.15%, 4/1/45 | 80,000 | 98,866 | |||||||||
114,334 | |||||||||||
Software† | |||||||||||
Oracle Corp., 3.60%, 4/1/40 | 280,000 | 300,294 | |||||||||
Specialty Retail† | |||||||||||
Home Depot, Inc. (The), 2.375%, 3/15/51 | 270,000 | 256,254 | |||||||||
Rent-A-Center, Inc., 6.375%, 2/15/29(6) | 80,000 | 86,173 | |||||||||
342,427 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.1% | |||||||||||
NCR Corp., 5.125%, 4/15/29(6) | 180,000 | 187,609 | |||||||||
Seagate HDD Cayman, 4.875%, 6/1/27 | 175,000 | 195,562 | |||||||||
Western Digital Corp., 4.75%, 2/15/26 | 308,000 | 342,265 | |||||||||
725,436 | |||||||||||
Textiles, Apparel and Luxury Goods† | |||||||||||
Hanesbrands, Inc., 4.625%, 5/15/24(6) | 90,000 | 95,446 | |||||||||
Thrifts and Mortgage Finance† | |||||||||||
United Wholesale Mortgage LLC, 5.50%, 4/15/29(6) | 195,000 | 193,820 |
Shares/Principal Amount | Value | ||||||||||
Transportation Infrastructure — 0.1% | |||||||||||
Adani Ports & Special Economic Zone Ltd., 4.00%, 7/30/27 | $ | 300,000 | $ | 313,222 | |||||||
DP World Crescent Ltd., MTN, 4.85%, 9/26/28 | 300,000 | 344,167 | |||||||||
657,389 | |||||||||||
Wireless Telecommunication Services — 0.1% | |||||||||||
C&W Senior Financing DAC, 6.875%, 9/15/27(6) | 130,000 | 138,093 | |||||||||
Millicom International Cellular SA, 5.125%, 1/15/28(6) | 128,700 | 134,295 | |||||||||
Sprint Corp., 7.875%, 9/15/23 | 70,000 | 79,286 | |||||||||
Sprint Corp., 7.125%, 6/15/24 | 315,000 | 362,565 | |||||||||
T-Mobile USA, Inc., 4.75%, 2/1/28 | 205,000 | 218,181 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31(6) | 85,000 | 89,269 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31 | 15,000 | 15,753 | |||||||||
1,037,442 | |||||||||||
TOTAL CORPORATE BONDS (Cost $27,861,763) | 28,963,502 | ||||||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 2.9% | |||||||||||
Australia — 0.1% | |||||||||||
Australia Government Bond, 2.75%, 4/21/24 | AUD | 305,000 | 240,343 | ||||||||
Australia Government Bond, 3.00%, 3/21/47 | AUD | 120,000 | 105,551 | ||||||||
New South Wales Treasury Corp., 3.00%, 3/20/28 | AUD | 110,000 | 90,842 | ||||||||
436,736 | |||||||||||
Austria† | |||||||||||
Republic of Austria Government Bond, 3.40%, 11/22/22(6) | EUR | 69,000 | 86,274 | ||||||||
Republic of Austria Government Bond, 0.75%, 10/20/26(6) | EUR | 41,000 | 52,202 | ||||||||
Republic of Austria Government Bond, 4.15%, 3/15/37(6) | EUR | 29,000 | 56,361 | ||||||||
194,837 | |||||||||||
Belgium† | |||||||||||
Kingdom of Belgium Government Bond, 4.25%, 3/28/41(6) | EUR | 27,000 | 55,449 | ||||||||
Canada — 0.2% | |||||||||||
Canadian Government Bond, 0.25%, 3/1/26 | CAD | 850,000 | 664,173 | ||||||||
Province of British Columbia Canada, 3.25%, 12/18/21 | CAD | 179,000 | 145,132 | ||||||||
Province of British Columbia Canada, 2.85%, 6/18/25 | CAD | 201,000 | 172,980 | ||||||||
Province of Quebec Canada, 3.00%, 9/1/23 | CAD | 215,000 | 181,189 | ||||||||
Province of Quebec Canada, 5.75%, 12/1/36 | CAD | 108,000 | 126,504 | ||||||||
Province of Quebec Canada, 3.50%, 12/1/48 | CAD | 20,000 | 19,183 | ||||||||
1,309,161 | |||||||||||
China — 1.5% | |||||||||||
China Government Bond, 2.64%, 8/13/22 | CNY | 63,500,000 | 9,850,443 | ||||||||
China Government Bond, 2.88%, 11/5/23 | CNY | 19,000,000 | 2,969,359 | ||||||||
China Government Bond, 3.25%, 6/6/26 | CNY | 400,000 | 63,515 | ||||||||
China Government Bond, 3.29%, 5/23/29 | CNY | 300,000 | 47,615 | ||||||||
12,930,932 | |||||||||||
Czech Republic† | |||||||||||
Czech Republic Government Bond, 4.70%, 9/12/22 | CZK | 610,000 | 29,693 | ||||||||
Denmark† | |||||||||||
Denmark Government Bond, 0.50%, 11/15/27 | DKK | 245,000 | 41,393 | ||||||||
Denmark Government Bond, 4.50%, 11/15/39 | DKK | 62,000 | 17,923 | ||||||||
59,316 |
Shares/Principal Amount | Value | ||||||||||
Finland — 0.1% | |||||||||||
Finland Government Bond, 4.00%, 7/4/25(6) | EUR | 58,000 | $ | 81,824 | |||||||
Finland Government Bond, 0.125%, 4/15/36(6) | EUR | 350,000 | 419,921 | ||||||||
501,745 | |||||||||||
France — 0.2% | |||||||||||
French Republic Government Bond OAT, 0.00%, 11/25/31(7) | EUR | 1,050,000 | 1,258,607 | ||||||||
Indonesia† | |||||||||||
Indonesia Treasury Bond, 8.375%, 9/15/26 | IDR | 2,000,000,000 | 157,028 | ||||||||
Ireland† | |||||||||||
Ireland Government Bond, 3.40%, 3/18/24 | EUR | 74,000 | 97,203 | ||||||||
Italy† | |||||||||||
Italy Buoni Poliennali Del Tesoro, 1.50%, 6/1/25 | EUR | 35,000 | 44,191 | ||||||||
Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25 | EUR | 223,000 | 288,853 | ||||||||
333,044 | |||||||||||
Japan — 0.5% | |||||||||||
Japan Government Thirty Year Bond, 2.40%, 3/20/37 | JPY | 60,800,000 | 737,281 | ||||||||
Japan Government Thirty Year Bond, 2.00%, 9/20/41 | JPY | 29,700,000 | 353,992 | ||||||||
Japan Government Twenty Year Bond, 2.10%, 12/20/26 | JPY | 131,900,000 | 1,347,289 | ||||||||
Japanese Government CPI Linked Bond, 0.10%, 3/10/29 | JPY | 175,249,236 | 1,642,986 | ||||||||
4,081,548 | |||||||||||
Malaysia† | |||||||||||
Malaysia Government Bond, 3.96%, 9/15/25 | MYR | 250,000 | 62,498 | ||||||||
Mexico — 0.1% | |||||||||||
Mexican Bonos, 6.50%, 6/9/22 | MXN | 2,290,000 | 116,047 | ||||||||
Mexico Government International Bond, 4.15%, 3/28/27 | $ | 200,000 | 227,873 | ||||||||
343,920 | |||||||||||
Namibia† | |||||||||||
Namibia International Bond, 5.25%, 10/29/25 | $ | 200,000 | 214,460 | ||||||||
Netherlands† | |||||||||||
Netherlands Government Bond, 0.00%, 1/15/22(6)(7) | EUR | 65,000 | 77,336 | ||||||||
Netherlands Government Bond, 0.50%, 7/15/26(6) | EUR | 100,000 | 125,888 | ||||||||
Netherlands Government Bond, 2.75%, 1/15/47(6) | EUR | 27,000 | 54,383 | ||||||||
257,607 | |||||||||||
Norway† | |||||||||||
Norway Government Bond, 2.00%, 5/24/23(6) | NOK | 85,000 | 9,872 | ||||||||
Norway Government Bond, 1.75%, 2/17/27(6) | NOK | 510,000 | 60,031 | ||||||||
69,903 | |||||||||||
Peru† | |||||||||||
Peruvian Government International Bond, 5.625%, 11/18/50 | $ | 60,000 | 81,454 | ||||||||
Poland† | |||||||||||
Republic of Poland Government Bond, 4.00%, 10/25/23 | PLN | 215,000 | 60,310 | ||||||||
Russia† | |||||||||||
Russian Federal Bond - OFZ, 7.05%, 1/19/28 | RUB | 1,400,000 | 19,495 | ||||||||
Singapore† | |||||||||||
Singapore Government Bond, 3.125%, 9/1/22 | SGD | 90,000 | 68,402 | ||||||||
Switzerland† | |||||||||||
Swiss Confederation Government Bond, 1.25%, 5/28/26 | CHF | 147,000 | 177,733 | ||||||||
Swiss Confederation Government Bond, 2.50%, 3/8/36 | CHF | 3,000 | 4,639 | ||||||||
182,372 | |||||||||||
Thailand† | |||||||||||
Thailand Government Bond, 3.625%, 6/16/23 | THB | 1,150,000 | 37,012 |
Shares/Principal Amount | Value | ||||||||||
Thailand Government Bond, 3.85%, 12/12/25 | THB | 3,200,000 | $ | 110,245 | |||||||
147,257 | |||||||||||
Turkey† | |||||||||||
Turkey Government International Bond, 6.875%, 3/17/36 | $ | 200,000 | 204,551 | ||||||||
United Kingdom — 0.2% | |||||||||||
United Kingdom Gilt, 0.125%, 1/30/26 | GBP | 1,100,000 | 1,519,166 | ||||||||
Uruguay† | |||||||||||
Uruguay Government International Bond, 4.125%, 11/20/45 | $ | 30,000 | 35,455 | ||||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $23,721,973) | 24,712,149 | ||||||||||
COLLATERALIZED LOAN OBLIGATIONS — 0.8% | |||||||||||
Ares LVI CLO Ltd., Series 2020-56A, Class C, VRN, 2.53%, (3-month LIBOR plus 2.40%), 10/25/31(6) | 325,000 | 326,052 | |||||||||
Ares XXXIV CLO Ltd., Series 2015-2A, Class BR2, VRN, 1.73%, (3-month LIBOR plus 1.60%), 4/17/33(6) | 375,000 | 374,519 | |||||||||
Bean Creek CLO Ltd., Series 2015-1A, Class BR, VRN, 1.58%, (3-month LIBOR plus 1.45%), 4/20/31(6) | 300,000 | 299,217 | |||||||||
CBAM Ltd., Series 2018-5A, Class B1, VRN, 1.53%, (3-month LIBOR plus 1.40%), 4/17/31(6) | 325,000 | 323,021 | |||||||||
Dryden Senior Loan Fund, Series 2017-50A, Class A1R, VRN, 1.13%, (3-month LIBOR plus 1.00%), 7/15/30(6) | 250,000 | 250,329 | |||||||||
Dryden Senior Loan Fund, Series 2021-87A, Class D, VRN, 3.07%, (3-month LIBOR plus 2.95%), 5/20/34(6) | 250,000 | 251,257 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class C, VRN, 2.18%, (3-month LIBOR plus 2.05%), 4/15/33(6) | 200,000 | 200,805 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class D, VRN, 3.28%, (3-month LIBOR plus 3.15%), 4/15/33(6) | 100,000 | 100,628 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class C, VRN, 2.875%, (3-month LIBOR plus 2.75%), 7/24/31(6) | 375,000 | 376,364 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class CR, VRN, 2.12%, (3-month LIBOR plus 2.00%), 10/20/34(6)(8) | 275,000 | 275,003 | |||||||||
Elmwood CLO VII Ltd., Series 2020-4A, Class C, VRN, 2.38%, (3-month LIBOR plus 2.25%), 1/17/34(6) | 200,000 | 201,609 | |||||||||
Flatiron CLO Ltd., Series 2020-1A, Class C, VRN, 2.61%, (3-month LIBOR plus 2.45%), 11/20/33(6) | 250,000 | 253,356 | |||||||||
Goldentree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 1.25%, (3-month LIBOR plus 1.12%), 7/20/31(6) | 175,000 | 175,286 | |||||||||
Kayne CLO Ltd., Series 2020-9A, Class C, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/15/34(6) | 250,000 | 254,241 | |||||||||
KKR CLO Ltd., Series 2022A, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 7/20/31(6) | 300,000 | 300,007 | |||||||||
Logan CLO I Ltd., Series 2021-1A, Class C, VRN, 2.05%, (3-month LIBOR plus 1.90%), 7/20/34(6) | 250,000 | 249,605 | |||||||||
Magnetite VIII Ltd., Series 2014-8A, Class BR2, VRN, 1.63%, (3-month LIBOR plus 1.50%), 4/15/31(6) | 300,000 | 299,081 | |||||||||
Magnetite XIV-R Ltd., Series 2015-14RA, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 10/18/31(6) | 250,000 | 249,734 | |||||||||
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 2.23%, (3-month LIBOR plus 2.10%), 1/25/32(6) | 300,000 | 301,176 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2018-30A, Class DR, VRN, 2.98%, (3-month LIBOR plus 2.85%), 1/20/31(6) | 125,000 | 125,439 |
Shares/Principal Amount | Value | ||||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2019-34A, Class C1, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/20/33(6) | $ | 200,000 | $ | 201,353 | |||||||
Octagon Ltd., Series 2021-1A, Class D, VRN, 3.18%, (3-month LIBOR plus 3.05%), 7/15/34(6) | 250,000 | 251,933 | |||||||||
OHA Credit Funding Ltd., Series 2020-7A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 10/19/32(6) | 250,000 | 250,460 | |||||||||
OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R3, VRN, 3.06%, (3-month LIBOR plus 2.90%), 2/20/34(6) | 200,000 | 200,917 | |||||||||
Point Au Roche Park CLO Ltd., Series 2021-1A, Class D, VRN, 2.98%, (3-month LIBOR plus 2.80%), 7/20/34(6) | 175,000 | 175,903 | |||||||||
Reese Park CLO Ltd., Series 2020-1A, Class C1, VRN, 2.58%, (3-month LIBOR plus 2.45%), 10/15/32(6) | 250,000 | 250,883 | |||||||||
Rockford Tower CLO Ltd., Series 2020-1A, Class C, VRN, 2.48%, (3-month LIBOR plus 2.35%), 1/20/32(6) | 250,000 | 251,121 | |||||||||
Symphony CLO XXII Ltd., Series 2020-22A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 4/18/33(6) | 500,000 | 502,132 | |||||||||
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $7,233,162) | 7,271,431 | ||||||||||
COMMERCIAL PAPER(4) — 0.5% | |||||||||||
Ridgefield Funding Co. LLC, 0.19%, 11/2/21(6) | 1,070,000 | 1,069,726 | |||||||||
Royal Bank of Canada (New York), VRN, 0.14%, (3-month LIBOR plus 0.01%), 1/27/22 | 1,270,000 | 1,270,088 | |||||||||
Societe Generale SA, 0.19%, 10/21/21(6) | 520,000 | 519,892 | |||||||||
Toronto-Dominion Bank (The), 0.23%, 4/11/22(6) | 1,520,000 | 1,518,406 | |||||||||
TOTAL COMMERCIAL PAPER (Cost $4,376,809) | 4,378,112 | ||||||||||
MUNICIPAL SECURITIES — 0.4% | |||||||||||
Bay Area Toll Authority Rev., 6.92%, 4/1/40 | 100,000 | 153,423 | |||||||||
Metropolitan Transportation Authority Rev., 6.69%, 11/15/40 | 15,000 | 21,877 | |||||||||
Metropolitan Transportation Authority Rev., 6.81%, 11/15/40 | 10,000 | 14,713 | |||||||||
Michigan Finance Authority Rev., 4.00%, 8/20/21 (LOC: JPMorgan Chase Bank N.A.) | 800,000 | 801,573 | |||||||||
New Jersey Turnpike Authority Rev., 7.41%, 1/1/40 | 40,000 | 67,102 | |||||||||
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 30,000 | 49,099 | |||||||||
New York City GO, 6.27%, 12/1/37 | 5,000 | 7,474 | |||||||||
Ohio Water Development Authority Water Pollution Control Loan Fund Rev., 4.88%, 12/1/34 | 80,000 | 96,801 | |||||||||
Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 | 35,000 | 50,072 | |||||||||
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 100,000 | 110,778 | |||||||||
Rutgers The State University of New Jersey Rev., 5.67%, 5/1/40 | 90,000 | 125,464 | |||||||||
Sacramento Municipal Utility District Rev., 6.16%, 5/15/36 | 140,000 | 199,010 | |||||||||
San Francisco Public Utilities Commission Water Rev., 6.00%, 11/1/40 | 10,000 | 14,151 | |||||||||
State of California GO, 4.60%, 4/1/38 | 30,000 | 35,273 | |||||||||
State of California GO, 7.55%, 4/1/39 | 20,000 | 34,748 | |||||||||
State of California GO, 7.30%, 10/1/39 | 25,000 | 40,641 | |||||||||
State of California GO, 7.60%, 11/1/40 | 40,000 | 71,243 | |||||||||
State of New York Mortgage Agency Rev., VRDN, 0.04%, 8/1/21 (SBBPA: Barclays Bank plc) | 395,000 | 395,000 | |||||||||
State of Texas Rev., 4.00%, 8/26/21 | 1,180,000 | 1,183,129 |
Shares/Principal Amount | Value | ||||||||||
State of Washington GO, 5.14%, 8/1/40 | $ | 20,000 | $ | 28,420 | |||||||
TOTAL MUNICIPAL SECURITIES (Cost $3,202,073) | 3,499,991 | ||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.4% | |||||||||||
Private Sponsor Collateralized Mortgage Obligations — 0.1% | |||||||||||
ABN Amro Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 | 3,482 | 3,569 | |||||||||
Adjustable Rate Mortgage Trust, Series 2004-4, Class 4A1, VRN, 2.63%, 3/25/35 | 10,974 | 11,161 | |||||||||
Banc of America Mortgage Trust, Series 2004-E, Class 2A6 SEQ, VRN, 2.83%, 6/25/34 | 36,527 | 37,348 | |||||||||
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, VRN, 2.01%, 8/25/34 | 35,358 | 36,210 | |||||||||
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA4, Class A1, VRN, 2.37%, 10/25/34 | 25,778 | 26,683 | |||||||||
GSR Mortgage Loan Trust, Series 2004-7, Class 3A1, VRN, 2.34%, 6/25/34 | 13,319 | 13,343 | |||||||||
GSR Mortgage Loan Trust, Series 2004-AR5, Class 3A3, VRN, 2.60%, 5/25/34 | 25,177 | 24,741 | |||||||||
GSR Mortgage Loan Trust, Series 2005-AR1, Class 3A1, VRN, 2.89%, 1/25/35 | 23,550 | 24,030 | |||||||||
JP Morgan Mortgage Trust, Series 2013-1, Class 2A2 SEQ, VRN, 2.50%, 3/25/43(6) | 22,713 | 22,995 | |||||||||
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7, VRN, 2.79%, 11/21/34 | 52,708 | 53,274 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 2A, VRN, 2.19%, 11/25/35 | 20,775 | 20,760 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A1, VRN, 2.82%, 2/25/35 | 18,329 | 18,513 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A2, VRN, 2.82%, 2/25/35 | 7,332 | 7,426 | |||||||||
Radnor RE Ltd., Series 2021-1, Class M1B, VRN, 1.75%, (SOFR plus 1.70%), 12/27/33(6) | 550,000 | 551,157 | |||||||||
Sofi Mortgage Trust, Series 2016-1A, Class 1A4 SEQ, VRN, 3.00%, 11/25/46(6) | 15,484 | 15,813 | |||||||||
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 2A1, VRN, 2.45%, 7/25/34 | 13,807 | 14,187 | |||||||||
WaMu Mortgage Pass-Through Certificates, Series 2003-S11, Class 3A5, 5.95%, 11/25/33 | 15,565 | 16,249 | |||||||||
Wells Fargo Mortgage-Backed Securities Trust, Series 2007-13, Class A1, 6.00%, 9/25/37 | 334 | 341 | |||||||||
897,800 | |||||||||||
U.S. Government Agency Collateralized Mortgage Obligations — 0.3% | |||||||||||
FHLMC, Series 2014-HQ2, Class M3, VRN, 3.84%, (1-month LIBOR plus 3.75%), 9/25/24 | 388,132 | 395,318 | |||||||||
FHLMC, Series 2016-DNA3, Class M3, VRN, 5.09%, (1-month LIBOR plus 5.00%), 12/25/28 | 311,902 | 325,196 | |||||||||
FHLMC, Series 2016-HQA3, Class M2, VRN, 1.44%, (1-month LIBOR plus 1.35%), 3/25/29 | 2,837 | 2,836 | |||||||||
FHLMC, Series 2016-HQA4, Class M3, VRN, 3.99%, (1-month LIBOR plus 3.90%), 4/25/29 | 713,854 | 737,433 | |||||||||
FHLMC, Series 5123, Class HI, IO, 5.00%, 1/25/42 | 198,465 | 35,039 | |||||||||
FNMA, Series 2014-C02, Class 2M2, VRN, 2.69%, (1-month LIBOR plus 2.60%), 5/25/24 | 205,481 | 207,637 | |||||||||
FNMA, Series 2015-C04, Class 1M2, VRN, 5.79%, (1-month LIBOR plus 5.70%), 4/25/28 | 122,129 | 129,394 | |||||||||
FNMA, Series 2016-C03, Class 2M2, VRN, 5.99%, (1-month LIBOR plus 5.90%), 10/25/28 | 66,937 | 70,673 |
Shares/Principal Amount | Value | ||||||||||
FNMA, Series 2017-C03, Class 1M2, VRN, 3.09%, (1-month LIBOR plus 3.00%), 10/25/29 | $ | 66,638 | $ | 68,519 | |||||||
FNMA, Series 2018-C04, Class 2M2, VRN, 2.64%, (1-month LIBOR plus 2.55%), 12/25/30 | 468,442 | 474,861 | |||||||||
2,446,906 | |||||||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $3,194,683) | 3,344,706 | ||||||||||
ASSET-BACKED SECURITIES — 0.3% | |||||||||||
Arbys Funding LLC, Series 2020-1A, Class A2 SEQ, 3.24%, 7/30/50(6) | 495,000 | 523,338 | |||||||||
BRE Grand Islander Timeshare Issuer LLC, Series 2017-1A, Class A SEQ, 2.94%, 5/25/29(6) | 55,410 | 56,817 | |||||||||
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 9/17/25(6) | 300,000 | 302,954 | |||||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E, 2.67%, 10/19/37(6) | 900,000 | 922,225 | |||||||||
Sierra Timeshare Receivables Funding LLC, Series 2018-2A, Class B, 3.65%, 6/20/35(6) | 153,756 | 158,291 | |||||||||
Sierra Timeshare Receivables Funding LLC, Series 2018-3A, Class B, 3.87%, 9/20/35(6) | 105,902 | 110,410 | |||||||||
UAL Pass-Through Trust, Series 2007-1, Class A, 6.64%, 1/2/24 | 36,176 | 37,427 | |||||||||
VSE VOI Mortgage LLC, Series 2016-A, Class A SEQ, 2.54%, 7/20/33(6) | 207,130 | 207,297 | |||||||||
VSE VOI Mortgage LLC, Series 2018-A, Class B, 3.72%, 2/20/36(6) | 173,236 | 181,538 | |||||||||
TOTAL ASSET-BACKED SECURITIES (Cost $2,442,971) | 2,500,297 | ||||||||||
PREFERRED STOCKS — 0.3% | |||||||||||
Automobiles — 0.1% | |||||||||||
Volkswagen International Finance NV, 3.875% | 300,000 | 401,682 | |||||||||
Diversified Telecommunication Services† | |||||||||||
Telefonica Europe BV, 3.00% | 300,000 | 368,330 | |||||||||
Electric Utilities — 0.1% | |||||||||||
Electricite de France SA, 3.375% | 200,000 | 252,374 | |||||||||
Enel SpA, 2.25% | 100,000 | 125,395 | |||||||||
377,769 | |||||||||||
Insurance — 0.1% | |||||||||||
Allianz SE, 2.625% | 200,000 | 243,774 | |||||||||
Allianz SE, MTN, 4.75% | 100,000 | 130,923 | |||||||||
Assicurazioni Generali SpA, MTN, 4.60% | 100,000 | 134,194 | |||||||||
Intesa Sanpaolo Vita SpA, 4.75% | 100,000 | 130,985 | |||||||||
639,876 | |||||||||||
Oil, Gas and Consumable Fuels† | |||||||||||
Eni SpA, 3.375% | 200,000 | 256,586 | |||||||||
Trading Companies and Distributors† | |||||||||||
Aircastle Ltd., 5.25%(6) | 285,000 | 288,563 | |||||||||
TOTAL PREFERRED STOCKS (Cost $2,290,396) | 2,332,806 | ||||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 0.1% | |||||||||||
Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities† | |||||||||||
FHLMC, VRN, 2.25%, (12-month LIBOR plus 1.87%), 7/1/36 | $ | 13,553 | 14,365 | ||||||||
FHLMC, VRN, 2.34%, (1-year H15T1Y plus 2.14%), 10/1/36 | 19,560 | 20,936 |
Shares/Principal Amount | Value | ||||||||||
FHLMC, VRN, 2.42%, (1-year H15T1Y plus 2.26%), 4/1/37 | $ | 24,246 | $ | 25,842 | |||||||
FHLMC, VRN, 2.30%, (12-month LIBOR plus 1.77%), 9/1/40 | 6,809 | 7,089 | |||||||||
FHLMC, VRN, 2.15%, (12-month LIBOR plus 1.88%), 5/1/41 | 5,447 | 5,683 | |||||||||
FHLMC, VRN, 2.45%, (12-month LIBOR plus 1.86%), 7/1/41 | 14,070 | 14,961 | |||||||||
FHLMC, VRN, 2.02%, (12-month LIBOR plus 1.64%), 2/1/43 | 4,231 | 4,342 | |||||||||
FHLMC, VRN, 1.87%, (12-month LIBOR plus 1.62%), 6/1/43 | 76 | 77 | |||||||||
FHLMC, VRN, 1.90%, (12-month LIBOR plus 1.65%), 6/1/43 | 2,589 | 2,598 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 17,179 | 17,920 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 22,045 | 22,991 | |||||||||
FNMA, VRN, 1.79%, (6-month LIBOR plus 1.54%), 9/1/35 | 5,779 | 6,023 | |||||||||
FNMA, VRN, 2.36%, (1-year H15T1Y plus 2.16%), 3/1/38 | 21,904 | 23,355 | |||||||||
FNMA, VRN, 2.07%, (12-month LIBOR plus 1.69%), 1/1/40 | 3,589 | 3,737 | |||||||||
FNMA, VRN, 2.29%, (12-month LIBOR plus 1.86%), 3/1/40 | 5,090 | 5,409 | |||||||||
FNMA, VRN, 2.32%, (12-month LIBOR plus 1.77%), 10/1/40 | 8,642 | 9,136 | |||||||||
184,464 | |||||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 0.1% | |||||||||||
FHLMC, 7.00%, 8/1/29 | 339 | 374 | |||||||||
FHLMC, 8.00%, 7/1/30 | 2,155 | 2,593 | |||||||||
FHLMC, 5.50%, 12/1/33 | 18,259 | 20,817 | |||||||||
FHLMC, 6.00%, 11/1/38 | 73,229 | 85,288 | |||||||||
FNMA, 7.00%, 6/1/26 | 121 | 133 | |||||||||
FNMA, 7.00%, 1/1/29 | 2,020 | 2,048 | |||||||||
FNMA, 6.50%, 4/1/29 | 4,178 | 4,703 | |||||||||
FNMA, 6.50%, 8/1/29 | 1,740 | 1,986 | |||||||||
FNMA, 6.50%, 12/1/29 | 5,377 | 6,051 | |||||||||
FNMA, 7.00%, 3/1/30 | 1,109 | 1,218 | |||||||||
FNMA, 7.50%, 9/1/30 | 794 | 921 | |||||||||
FNMA, 7.00%, 9/1/31 | 3,467 | 3,658 | |||||||||
FNMA, 6.50%, 1/1/32 | 1,105 | 1,243 | |||||||||
FNMA, 6.50%, 8/1/32 | 2,120 | 2,413 | |||||||||
FNMA, 6.50%, 11/1/32 | 20,988 | 24,341 | |||||||||
FNMA, 5.50%, 6/1/33 | 7,010 | 8,099 | |||||||||
FNMA, 5.50%, 8/1/33 | 14,028 | 16,227 | |||||||||
FNMA, 3.50%, 3/1/34 | 40,425 | 43,539 | |||||||||
FNMA, 5.50%, 1/1/37 | 42,604 | 49,473 | |||||||||
FNMA, 6.50%, 8/1/37 | 15,226 | 17,514 | |||||||||
FNMA, 6.50%, 8/1/47 | 4,710 | 5,117 | |||||||||
FNMA, 6.50%, 9/1/47 | 11,273 | 12,211 | |||||||||
FNMA, 6.50%, 9/1/47 | 542 | 588 | |||||||||
FNMA, 6.50%, 9/1/47 | 5,961 | 6,455 | |||||||||
GNMA, 7.50%, 10/15/25 | 631 | 640 | |||||||||
GNMA, 6.00%, 3/15/26 | 2,040 | 2,284 | |||||||||
GNMA, 7.00%, 12/15/27 | 2,127 | 2,135 | |||||||||
GNMA, 7.00%, 5/15/31 | 5,866 | 6,895 | |||||||||
GNMA, 5.50%, 11/15/32 | 9,596 | 11,062 | |||||||||
GNMA, 6.50%, 10/15/38 | 174,311 | 209,492 | |||||||||
GNMA, 4.50%, 5/20/41 | 112,097 | 124,751 | |||||||||
GNMA, 4.50%, 6/15/41 | 152,266 | 174,622 | |||||||||
GNMA, 3.50%, 4/20/45 | 28,174 | 30,056 | |||||||||
GNMA, 2.50%, 2/20/47 | 18,802 | 19,627 | |||||||||
898,574 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $986,276) | 1,083,038 |
Shares | Value | ||||||||||
EXCHANGE-TRADED FUNDS — 0.1% | |||||||||||
iShares MSCI EAFE Value ETF | 4,798 | $ | 247,673 | ||||||||
iShares Russell 2000 Growth ETF | 1,396 | 418,870 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $685,769) | 666,543 | ||||||||||
TEMPORARY CASH INVESTMENTS — 4.3% | |||||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $36,874,568) | 36,874,568 | 36,874,568 | |||||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(9) — 0.1% | |||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $843,131) | 843,131 | 843,131 | |||||||||
TOTAL INVESTMENT SECURITIES — 99.4% (Cost $645,590,522) | 854,202,569 | ||||||||||
OTHER ASSETS AND LIABILITIES — 0.6% | 5,110,318 | ||||||||||
TOTAL NET ASSETS — 100.0% | $ | 859,312,887 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
AUD | 560,048 | USD | 419,146 | Bank of America N.A. | 9/15/21 | $ | (8,071) | |||||||||||||
USD | 444,624 | AUD | 574,992 | Bank of America N.A. | 9/15/21 | 22,581 | ||||||||||||||
USD | 432,131 | AUD | 576,006 | Bank of America N.A. | 9/15/21 | 9,344 | ||||||||||||||
BRL | 2,899,741 | USD | 566,522 | Goldman Sachs & Co. | 9/15/21 | (12,949) | ||||||||||||||
USD | 280,699 | BRL | 1,428,336 | Goldman Sachs & Co. | 9/15/21 | 8,024 | ||||||||||||||
CAD | 36,571 | USD | 28,624 | Morgan Stanley | 9/29/21 | 689 | ||||||||||||||
CAD | 18,167 | USD | 14,422 | Morgan Stanley | 9/29/21 | 140 | ||||||||||||||
USD | 1,104,985 | CAD | 1,336,148 | Bank of America N.A. | 9/15/21 | 34,031 | ||||||||||||||
USD | 247,342 | CAD | 300,902 | Bank of America N.A. | 9/15/21 | 6,163 | ||||||||||||||
USD | 2,116 | CAD | 2,608 | Morgan Stanley | 9/29/21 | 25 | ||||||||||||||
USD | 667,123 | CAD | 826,608 | Morgan Stanley | 9/29/21 | 4,567 | ||||||||||||||
USD | 15,743 | CAD | 19,782 | Morgan Stanley | 9/29/21 | (113) | ||||||||||||||
USD | 18,630 | CAD | 23,402 | Morgan Stanley | 9/29/21 | (128) | ||||||||||||||
USD | 541,131 | CHF | 483,993 | Morgan Stanley | 9/15/21 | 6,248 | ||||||||||||||
CLP | 10,793 | USD | 15 | Goldman Sachs & Co. | 9/15/21 | (1) | ||||||||||||||
USD | 13,201,200 | CNY | 84,943,120 | Goldman Sachs & Co. | 9/15/21 | 107,444 | ||||||||||||||
COP | 759,427,986 | USD | 210,715 | Goldman Sachs & Co. | 9/15/21 | (15,335) | ||||||||||||||
USD | 202,150 | COP | 759,041,098 | Goldman Sachs & Co. | 9/15/21 | 6,869 | ||||||||||||||
USD | 31,779 | CZK | 662,404 | UBS AG | 9/15/21 | 985 | ||||||||||||||
USD | 74,337 | DKK | 452,912 | UBS AG | 9/15/21 | 2,058 | ||||||||||||||
EUR | 87,489 | USD | 104,021 | JPMorgan Chase Bank N.A. | 8/18/21 | (207) | ||||||||||||||
EUR | 13,430 | USD | 15,890 | Credit Suisse AG | 9/30/21 | 60 | ||||||||||||||
EUR | 18,955 | USD | 22,353 | Credit Suisse AG | 9/30/21 | 158 | ||||||||||||||
EUR | 12,580 | USD | 14,958 | Credit Suisse AG | 9/30/21 | (18) | ||||||||||||||
USD | 6,992,777 | EUR | 5,911,254 | JPMorgan Chase Bank N.A. | 8/18/21 | (21,474) | ||||||||||||||
USD | 1,567,464 | EUR | 1,314,159 | Credit Suisse AG | 9/30/21 | 6,751 | ||||||||||||||
USD | 571,602 | EUR | 479,230 | Credit Suisse AG | 9/30/21 | 2,462 | ||||||||||||||
USD | 18,598 | EUR | 15,555 | Credit Suisse AG | 9/30/21 | 125 | ||||||||||||||
USD | 38,023 | EUR | 31,828 | Credit Suisse AG | 9/30/21 | 223 | ||||||||||||||
USD | 45,048 | EUR | 37,998 | Credit Suisse AG | 9/30/21 | (78) | ||||||||||||||
USD | 15,942 | EUR | 13,430 | Credit Suisse AG | 9/30/21 | (8) | ||||||||||||||
USD | 16,620 | EUR | 14,025 | Credit Suisse AG | 9/30/21 | (36) | ||||||||||||||
USD | 21,821 | EUR | 18,530 | Credit Suisse AG | 9/30/21 | (186) | ||||||||||||||
USD | 64,689 | EUR | 54,933 | Credit Suisse AG | 9/30/21 | (550) | ||||||||||||||
USD | 21,739 | EUR | 18,445 | Credit Suisse AG | 9/30/21 | (166) | ||||||||||||||
USD | 18,086 | EUR | 15,300 | Credit Suisse AG | 9/30/21 | (84) | ||||||||||||||
USD | 19,722 | EUR | 16,575 | Credit Suisse AG | 9/30/21 | 38 | ||||||||||||||
USD | 42,698 | EUR | 36,109 | Goldman Sachs & Co. | 9/30/21 | (186) | ||||||||||||||
GBP | 33,164 | USD | 45,166 | JPMorgan Chase Bank N.A. | 9/30/21 | 939 | ||||||||||||||
GBP | 33,631 | USD | 46,685 | JPMorgan Chase Bank N.A. | 9/30/21 | 69 | ||||||||||||||
GBP | 27,716 | USD | 38,531 | JPMorgan Chase Bank N.A. | 9/30/21 | — | ||||||||||||||
USD | 1,207,185 | GBP | 854,705 | Bank of America N.A. | 9/15/21 | 19,019 | ||||||||||||||
USD | 45,072 | GBP | 32,422 | Goldman Sachs & Co. | 9/30/21 | (2) | ||||||||||||||
USD | 1,556,479 | GBP | 1,118,208 | JPMorgan Chase Bank N.A. | 9/30/21 | 1,940 | ||||||||||||||
USD | 34,626 | GBP | 25,139 | JPMorgan Chase Bank N.A. | 9/30/21 | (322) | ||||||||||||||
HKD | 116,739 | USD | 15,003 | Bank of America N.A. | 9/30/21 | 21 | ||||||||||||||
HKD | 83,876 | USD | 10,779 | Bank of America N.A. | 9/30/21 | 15 | ||||||||||||||
HKD | 31,392 | USD | 4,037 | Bank of America N.A. | 9/30/21 | 3 | ||||||||||||||
USD | 5,762 | HKD | 44,762 | Bank of America N.A. | 9/30/21 | 1 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 5,565 | HKD | 43,250 | Bank of America N.A. | 9/30/21 | $ | (1) | |||||||||||||
USD | 14,910 | HKD | 115,893 | Bank of America N.A. | 9/30/21 | (5) | ||||||||||||||
USD | 13,334 | HKD | 103,617 | Bank of America N.A. | 9/30/21 | (1) | ||||||||||||||
USD | 51,660 | HKD | 401,252 | Bank of America N.A. | 9/30/21 | 20 | ||||||||||||||
USD | 2,146 | HKD | 16,677 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
USD | 15,393 | HKD | 119,682 | Bank of America N.A. | 9/30/21 | (10) | ||||||||||||||
USD | 19 | HUF | 5,289 | UBS AG | 9/15/21 | 1 | ||||||||||||||
IDR | 4,210,629,690 | USD | 291,918 | Goldman Sachs & Co. | 9/15/21 | (1,641) | ||||||||||||||
USD | 24 | ILS | 77 | UBS AG | 9/17/21 | — | ||||||||||||||
USD | 373,594 | INR | 27,577,603 | Goldman Sachs & Co. | 9/15/21 | 4,579 | ||||||||||||||
JPY | 1,215,810 | USD | 11,040 | Bank of America N.A. | 9/30/21 | 48 | ||||||||||||||
JPY | 2,064,571 | USD | 18,878 | Bank of America N.A. | 9/30/21 | (50) | ||||||||||||||
JPY | 2,505,940 | USD | 22,758 | Bank of America N.A. | 9/30/21 | 95 | ||||||||||||||
JPY | 1,485,990 | USD | 13,495 | Bank of America N.A. | 9/30/21 | 56 | ||||||||||||||
JPY | 1,805,940 | USD | 16,475 | Bank of America N.A. | 9/30/21 | (5) | ||||||||||||||
USD | 3,652,980 | JPY | 402,285,911 | Bank of America N.A. | 8/18/21 | (14,391) | ||||||||||||||
USD | 493,916 | JPY | 54,626,130 | Bank of America N.A. | 9/30/21 | (4,248) | ||||||||||||||
USD | 544,636 | JPY | 60,235,637 | Bank of America N.A. | 9/30/21 | (4,684) | ||||||||||||||
USD | 17,198 | JPY | 1,905,480 | Bank of America N.A. | 9/30/21 | (179) | ||||||||||||||
USD | 17,957 | JPY | 1,983,690 | Bank of America N.A. | 9/30/21 | (133) | ||||||||||||||
USD | 214,912 | JPY | 23,632,104 | Bank of America N.A. | 9/30/21 | (602) | ||||||||||||||
USD | 19,106 | JPY | 2,097,384 | Bank of America N.A. | 9/30/21 | (21) | ||||||||||||||
USD | 2,122 | KRW | 2,368,712 | Goldman Sachs & Co. | 9/15/21 | 69 | ||||||||||||||
KZT | 60,927,902 | USD | 140,500 | Goldman Sachs & Co. | 9/15/21 | 1,401 | ||||||||||||||
USD | 119,505 | MXN | 2,385,218 | Morgan Stanley | 9/15/21 | 371 | ||||||||||||||
MYR | 1,954,495 | USD | 474,104 | Goldman Sachs & Co. | 9/15/21 | (13,578) | ||||||||||||||
NOK | 257,486 | USD | 29,157 | UBS AG | 9/30/21 | (9) | ||||||||||||||
NOK | 86,500 | USD | 10,155 | UBS AG | 9/30/21 | (363) | ||||||||||||||
USD | 77,440 | NOK | 640,807 | UBS AG | 9/15/21 | 4,899 | ||||||||||||||
USD | 390,399 | NOK | 3,351,044 | UBS AG | 9/30/21 | 11,053 | ||||||||||||||
USD | 11,809 | NOK | 103,376 | UBS AG | 9/30/21 | 107 | ||||||||||||||
USD | 3,520 | NOK | 31,501 | UBS AG | 9/30/21 | (46) | ||||||||||||||
NZD | 286,983 | USD | 200,664 | Bank of America N.A. | 9/15/21 | (757) | ||||||||||||||
USD | 205,854 | NZD | 286,944 | Bank of America N.A. | 9/15/21 | 5,974 | ||||||||||||||
USD | 508 | PEN | 1,964 | Goldman Sachs & Co. | 9/15/21 | 24 | ||||||||||||||
USD | 576,369 | PHP | 27,704,345 | Goldman Sachs & Co. | 9/15/21 | 23,183 | ||||||||||||||
USD | 67,293 | PLN | 247,112 | UBS AG | 9/15/21 | 3,141 | ||||||||||||||
USD | 20,778 | RUB | 1,522,957 | Goldman Sachs & Co. | 9/15/21 | 80 | ||||||||||||||
SEK | 3,676,280 | USD | 423,517 | UBS AG | 9/15/21 | 3,686 | ||||||||||||||
SEK | 827 | USD | 100 | UBS AG | 9/15/21 | (4) | ||||||||||||||
USD | 71,054 | SGD | 94,171 | Bank of America N.A. | 9/15/21 | 1,557 | ||||||||||||||
USD | 656,551 | THB | 20,514,594 | Goldman Sachs & Co. | 9/15/21 | 32,534 | ||||||||||||||
$ | 233,228 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Euro-Bobl 5-Year Bonds | 2 | September 2021 | $ | 321,141 | $ | 3,057 | ||||||||
Korean Treasury 10-Year Bonds | 3 | September 2021 | 334,493 | 5,941 | ||||||||||
U.S. Treasury 2-Year Notes | 70 | September 2021 | 15,445,937 | (5,605) | ||||||||||
U.S. Treasury 5-Year Notes | 161 | September 2021 | 20,035,695 | 63,582 | ||||||||||
U.S. Treasury Ultra Bonds | 10 | September 2021 | 1,995,313 | 17,168 | ||||||||||
$ | 38,132,579 | $ | 84,143 |
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Notes | 10 | September 2021 | $ | 1,344,531 | $ | (2,391) | ||||||||
U.S. Treasury Long Bonds | 7 | September 2021 | 1,153,031 | (56,232) | ||||||||||
$ | 2,497,562 | $ | (58,623) |
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS | |||||||||||||||||||||||
Reference Entity | Type‡ | Fixed Rate Received (Paid) Quarterly | Termination Date | Notional Amount | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Value^ | ||||||||||||||||
Markit CDX North America High Yield Index Series 32 | Sell | 5.00% | 6/20/24 | $ | 3,920,450 | $ | 152,068 | $ | 203,839 | $ | 355,907 | ||||||||||||
Markit CDX North America High Yield Index Series 35 | Sell | 5.00% | 12/20/25 | $ | 13,367,000 | 1,065,692 | 244,761 | 1,310,453 | |||||||||||||||
$ | 1,217,760 | $ | 448,600 | $ | 1,666,360 |
NOTES TO SCHEDULE OF INVESTMENTS | |||||||||||||||||
ADR | - | American Depositary Receipt | LIBOR | - | London Interbank Offered Rate | ||||||||||||
AUD | - | Australian Dollar | LOC | - | Letter of Credit | ||||||||||||
BRL | - | Brazilian Real | MTN | - | Medium Term Note | ||||||||||||
CAD | - | Canadian Dollar | MXN | - | Mexican Peso | ||||||||||||
CDX | - | Credit Derivatives Indexes | MYR | - | Malaysian Ringgit | ||||||||||||
CHF | - | Swiss Franc | NOK | - | Norwegian Krone | ||||||||||||
CLP | - | Chilean Peso | NZD | - | New Zealand Dollar | ||||||||||||
CNY | - | Chinese Yuan | PEN | - | Peruvian Sol | ||||||||||||
COP | - | Colombian Peso | PHP | - | Philippine Peso | ||||||||||||
CPI | - | Consumer Price Index | PLN | - | Polish Zloty | ||||||||||||
CZK | - | Czech Koruna | RUB | - | Russian Ruble | ||||||||||||
DKK | - | Danish Krone | SBBPA | - | Standby Bond Purchase Agreement | ||||||||||||
EUR | - | Euro | SEK | - | Swedish Krona | ||||||||||||
FHLB | - | Federal Home Loan Bank | SEQ | - | Sequential Payer | ||||||||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | SGD | - | Singapore Dollar | ||||||||||||
FNMA | - | Federal National Mortgage Association | SOFR | - | Secured Overnight Financing Rate | ||||||||||||
GBP | - | British Pound | THB | - | Thai Baht | ||||||||||||
GNMA | - | Government National Mortgage Association | USD | - | United States Dollar | ||||||||||||
GO | - | General Obligation | VRDN | - | Variable Rate Demand Note. The instrument may be payable upon demand and 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 date of the demand feature is disclosed. | ||||||||||||
H15T1Y | - | Constant Maturity U.S. Treasury Note Yield Curve Rate Index | |||||||||||||||
HKD | - | Hong Kong Dollar | |||||||||||||||
HUF | - | Hungarian Forint | |||||||||||||||
IDR | - | Indonesian Rupiah | |||||||||||||||
ILS | - | Israeli Shekel | |||||||||||||||
INR | - | Indian Rupee | 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. | ||||||||||||
IO | - | Interest Only | |||||||||||||||
JPY | - | Japanese Yen | |||||||||||||||
KRW | - | South Korean Won | |||||||||||||||
KZT | - | Kazakhstani Tenge |
Statement of Assets and Liabilities |
JULY 31, 2021 | |||||
Assets | |||||
Investment securities - unaffiliated, at value (cost of $335,251,611) — including $1,960,738 of securities on loan | $ | 433,860,257 | |||
Investment securities - affiliated, at value (cost of $309,495,780) | 419,499,181 | ||||
Investment made with cash collateral received for securities on loan, at value (cost of $843,131) | 843,131 | ||||
Total investment securities, at value (cost of $645,590,522) | 854,202,569 | ||||
Cash | 94,136 | ||||
Foreign currency holdings, at value (cost of $4,202) | 4,199 | ||||
Foreign deposits with broker for futures contracts, at value (cost of $35,990) | 36,647 | ||||
Receivable for investments sold | 5,936,465 | ||||
Receivable for capital shares sold | 254,377 | ||||
Receivable for variation margin on futures contracts | 13,028 | ||||
Unrealized appreciation on forward foreign currency exchange contracts | 333,870 | ||||
Dividends and interest receivable | 1,353,293 | ||||
Securities lending receivable | 1,622 | ||||
Other assets | 27,986 | ||||
862,258,192 | |||||
Liabilities | |||||
Payable for collateral received for securities on loan | 843,131 | ||||
Payable for investments purchased | 1,112,799 | ||||
Payable for capital shares redeemed | 377,563 | ||||
Payable for variation margin on swap agreements | 48,288 | ||||
Unrealized depreciation on forward foreign currency exchange contracts | 100,642 | ||||
Accrued management fees | 396,563 | ||||
Distribution and service fees payable | 65,197 | ||||
Accrued foreign taxes | 1,122 | ||||
2,945,305 | |||||
Net Assets | $ | 859,312,887 | |||
Net Assets Consist of: | |||||
Capital (par value and paid-in surplus) | $ | 594,141,672 | |||
Distributable earnings | 265,171,215 | ||||
$ | 859,312,887 |
Net Assets | Shares Outstanding | Net Asset Value Per Share | |||||||||
Investor Class, $0.01 Par Value | $316,039,237 | 34,754,224 | $9.09 | ||||||||
I Class, $0.01 Par Value | $55,466,349 | 6,149,800 | $9.02 | ||||||||
A Class, $0.01 Par Value | $177,146,690 | 19,289,224 | $9.18* | ||||||||
C Class, $0.01 Par Value | $23,337,635 | 2,633,190 | $8.86 | ||||||||
R Class, $0.01 Par Value | $18,728,759 | 2,043,292 | $9.17 | ||||||||
R5 Class, $0.01 Par Value | $15,410 | 1,708 | $9.02 | ||||||||
R6 Class, $0.01 Par Value | $268,578,807 | 29,867,179 | $8.99 |
Statement of Operations |
YEAR ENDED JULY 31, 2021 | |||||
Investment Income (Loss) | |||||
Income: | |||||
Income distributions from affiliated funds | $ | 5,270,861 | |||
Dividends (net of foreign taxes withheld of $129,227) | 3,883,982 | ||||
Interest (net of foreign taxes withheld of $1,535) | 3,686,872 | ||||
Securities lending, net | 22,874 | ||||
12,864,589 | |||||
Expenses: | |||||
Management fees | 8,162,390 | ||||
Distribution and service fees: | |||||
A Class | 408,356 | ||||
C Class | 272,077 | ||||
R Class | 88,245 | ||||
Directors' fees and expenses | 21,816 | ||||
Other expenses | 26,759 | ||||
8,979,643 | |||||
Fees waived(1) | (3,840,070) | ||||
5,139,573 | |||||
Net investment income (loss) | 7,725,016 | ||||
Realized and Unrealized Gain (Loss) | |||||
Net realized gain (loss) on: | |||||
Investment transactions (including $22,973,719 from affiliated funds) | 68,264,576 | ||||
Forward foreign currency exchange contract transactions | (1,000,998) | ||||
Futures contract transactions | 40,404 | ||||
Swap agreement transactions | 322,952 | ||||
Foreign currency translation transactions | (33,233) | ||||
Capital gain distributions received from affiliated funds | 64,661 | ||||
67,658,362 | |||||
Change in net unrealized appreciation (depreciation) on: | |||||
Investments (including $94,080,754 from affiliated funds and (increase) decrease in accrued foreign taxes of $(523)) | 129,149,571 | ||||
Forward foreign currency exchange contracts | 525,125 | ||||
Futures contracts | 22,825 | ||||
Swap agreements | 499,552 | ||||
Translation of assets and liabilities in foreign currencies | 1,543 | ||||
130,198,616 | |||||
Net realized and unrealized gain (loss) | 197,856,978 | ||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 205,581,994 |
Statement of Changes in Net Assets |
YEARS ENDED JULY 31, 2021 AND JULY 31, 2020 | ||||||||
Increase (Decrease) in Net Assets | July 31, 2021 | July 31, 2020 | ||||||
Operations | ||||||||
Net investment income (loss) | $ | 7,725,016 | $ | 7,535,867 | ||||
Net realized gain (loss) | 67,658,362 | 109,420,406 | ||||||
Change in net unrealized appreciation (depreciation) | 130,198,616 | (58,794,425) | ||||||
Net increase (decrease) in net assets resulting from operations | 205,581,994 | 58,161,848 | ||||||
Distributions to Shareholders | ||||||||
From earnings: | ||||||||
Investor Class | (17,917,667) | (39,330,667) | ||||||
I Class | (3,556,580) | (7,242,449) | ||||||
A Class | (9,386,645) | (20,887,372) | ||||||
C Class | (1,759,444) | (4,378,225) | ||||||
R Class | (967,727) | (2,438,972) | ||||||
R5 Class | (777) | (1,169) | ||||||
R6 Class | (15,520,125) | (29,024,821) | ||||||
Decrease in net assets from distributions | (49,108,965) | (103,303,675) | ||||||
Capital Share Transactions | ||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | (12,970,944) | (15,707,169) | ||||||
Net increase (decrease) in net assets | 143,502,085 | (60,848,996) | ||||||
Net Assets | ||||||||
Beginning of period | 715,810,802 | 776,659,798 | ||||||
End of period | $ | 859,312,887 | $ | 715,810,802 |
Notes to Financial Statements |
Remaining Contractual Maturity of Agreements | |||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||
Securities Lending Transactions(1) | |||||||||||||||||
Common Stocks | $ | 843,131 | — | — | — | $ | 843,131 | ||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 843,131 |
Management Fee Schedule Range | Effective Annual Management Fee | ||||||||||
Before Waiver | After Waiver | ||||||||||
Investor Class | 0.90% to 1.15% | 1.15% | 0.66% | ||||||||
I Class | 0.70% to 0.95% | 0.95% | 0.46% | ||||||||
A Class | 0.90% to 1.15% | 1.15% | 0.66% | ||||||||
C Class | 0.90% to 1.15% | 1.15% | 0.66% | ||||||||
R Class | 0.90% to 1.15% | 1.15% | 0.66% | ||||||||
R5 Class | 0.70% to 0.95% | 0.95% | 0.46% | ||||||||
R6 Class | 0.55% to 0.80% | 0.80% | 0.31% |
Year ended July 31, 2021 | Year ended July 31, 2020 | |||||||||||||
Shares | Amount | Shares | Amount | |||||||||||
Investor Class/Shares Authorized | 550,000,000 | 600,000,000 | ||||||||||||
Sold | 3,263,504 | $ | 27,478,027 | 2,677,423 | $ | 19,251,738 | ||||||||
Issued in reinvestment of distributions | 2,162,944 | 17,450,952 | 5,236,240 | 38,015,100 | ||||||||||
Redeemed | (5,962,227) | (49,655,857) | (10,625,986) | (76,896,330) | ||||||||||
(535,779) | (4,726,878) | (2,712,323) | (19,629,492) | |||||||||||
I Class/Shares Authorized | 150,000,000 | 150,000,000 | ||||||||||||
Sold | 1,728,521 | 14,299,849 | 980,380 | 7,018,382 | ||||||||||
Issued in reinvestment of distributions | 440,091 | 3,520,729 | 995,634 | 7,168,568 | ||||||||||
Redeemed | (2,253,030) | (18,424,221) | (2,409,462) | (17,295,574) | ||||||||||
(84,418) | (603,643) | (433,448) | (3,108,624) | |||||||||||
A Class/Shares Authorized | 325,000,000 | 375,000,000 | ||||||||||||
Sold | 2,538,820 | 21,425,145 | 2,238,185 | 16,347,885 | ||||||||||
Issued in reinvestment of distributions | 1,114,860 | 9,108,015 | 2,745,550 | 20,152,338 | ||||||||||
Redeemed | (4,024,599) | (33,740,882) | (6,500,804) | (48,442,961) | ||||||||||
(370,919) | (3,207,722) | (1,517,069) | (11,942,738) | |||||||||||
C Class/Shares Authorized | 90,000,000 | 90,000,000 | ||||||||||||
Sold | 327,892 | 2,685,619 | 366,218 | 2,540,491 | ||||||||||
Issued in reinvestment of distributions | 221,888 | 1,757,356 | 601,653 | 4,301,818 | ||||||||||
Redeemed | (1,951,339) | (15,933,146) | (1,656,116) | (11,800,971) | ||||||||||
(1,401,559) | (11,490,171) | (688,245) | (4,958,662) | |||||||||||
R Class/Shares Authorized | 50,000,000 | 50,000,000 | ||||||||||||
Sold | 284,266 | 2,416,172 | 326,132 | 2,369,914 | ||||||||||
Issued in reinvestment of distributions | 117,211 | 956,064 | 327,567 | 2,404,343 | ||||||||||
Redeemed | (536,673) | (4,556,180) | (720,049) | (5,070,340) | ||||||||||
(135,196) | (1,183,944) | (66,350) | (296,083) | |||||||||||
R5 Class/Shares Authorized | 50,000,000 | 50,000,000 | ||||||||||||
Sold | 282 | 2,345 | 273 | 1,931 | ||||||||||
Issued in reinvestment of distributions | 97 | 777 | 162 | 1,169 | ||||||||||
Redeemed | (49) | (391) | (18) | (144) | ||||||||||
330 | 2,731 | 417 | 2,956 | |||||||||||
R6 Class/Shares Authorized | 455,000,000 | 90,000,000 | ||||||||||||
Sold | 3,954,740 | 33,471,186 | 4,002,821 | 28,609,326 | ||||||||||
Issued in reinvestment of distributions | 1,947,318 | 15,520,125 | 4,048,092 | 29,024,821 | ||||||||||
Redeemed | (4,924,949) | (40,752,628) | (4,729,221) | (33,408,673) | ||||||||||
977,109 | 8,238,683 | 3,321,692 | 24,225,474 | |||||||||||
Net increase (decrease) | (1,550,432) | $ | (12,970,944) | (2,095,326) | $ | (15,707,169) |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Affiliated Funds | $ | 419,499,181 | — | — | |||||||
Common Stocks | 214,455,133 | $ | 59,278,009 | — | |||||||
U.S. Treasury Securities | — | 44,499,972 | — | ||||||||
Corporate Bonds | — | 28,963,502 | — | ||||||||
Sovereign Governments and Agencies | — | 24,712,149 | — | ||||||||
Collateralized Loan Obligations | — | 7,271,431 | — | ||||||||
Commercial Paper | — | 4,378,112 | — | ||||||||
Municipal Securities | — | 3,499,991 | — | ||||||||
Collateralized Mortgage Obligations | — | 3,344,706 | — | ||||||||
Asset-Backed Securities | — | 2,500,297 | — | ||||||||
Preferred Stocks | — | 2,332,806 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 1,083,038 | — | ||||||||
Exchange-Traded Funds | 666,543 | — | — | ||||||||
Temporary Cash Investments | 36,874,568 | — | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 843,131 | — | — | ||||||||
$ | 672,338,556 | $ | 181,864,013 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 80,750 | $ | 8,998 | — | ||||||
Swap Agreements | — | 1,666,360 | — | ||||||||
Forward Foreign Currency Exchange Contracts | — | 333,870 | — | ||||||||
$ | 80,750 | $ | 2,009,228 | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 64,228 | — | — | |||||||
Forward Foreign Currency Exchange Contracts | — | $ | 100,642 | — | |||||||
$ | 64,228 | $ | 100,642 | — |
Asset Derivatives | Liability Derivatives | |||||||||||||
Type of Risk Exposure | Location on Statement of Assets and Liabilities | Value | Location on Statement of Assets and Liabilities | Value | ||||||||||
Credit Risk | Receivable for variation margin on swap agreements* | — | Payable for variation margin on swap agreements* | $ | 48,288 | |||||||||
Foreign Currency Risk | Unrealized appreciation on forward foreign currency exchange contracts | $ | 333,870 | Unrealized depreciation on forward foreign currency exchange contracts | 100,642 | |||||||||
Interest Rate Risk | Receivable for variation margin on futures contracts* | 13,028 | Payable for variation margin on futures contracts* | — | ||||||||||
$ | 346,898 | $ | 148,930 |
Net Realized Gain (Loss) | Change in Net Unrealized Appreciation (Depreciation) | |||||||||||||
Type of Risk Exposure | Location on Statement of Operations | Value | Location on Statement of Operations | Value | ||||||||||
Credit Risk | Net realized gain (loss) on swap agreement transactions | $ | 322,952 | Change in net unrealized appreciation (depreciation) on swap agreements | $ | 499,552 | ||||||||
Foreign Currency Risk | Net realized gain (loss) on forward foreign currency exchange contract transactions | (1,000,998) | Change in net unrealized appreciation (depreciation) on forward foreign currency exchange contracts | 525,125 | ||||||||||
Interest Rate Risk | Net realized gain (loss) on futures contract transactions | 40,404 | Change in net unrealized appreciation (depreciation) on futures contracts | 22,825 | ||||||||||
$ | (637,642) | $ | 1,047,502 |
2021 | 2020 | |||||||
Distributions Paid From | ||||||||
Ordinary income | $ | 16,745,049 | $ | 20,490,813 | ||||
Long-term capital gains | $ | 32,363,916 | $ | 82,812,862 |
Federal tax cost of investments | $ | 649,887,273 | |||
Gross tax appreciation of investments | $ | 208,180,877 | |||
Gross tax depreciation of investments | (3,865,581) | ||||
Net tax appreciation (depreciation) of investments | 204,315,296 | ||||
Net tax appreciation (depreciation) on derivatives and translation of assets and liabilities in foreign currencies | 402,153 | ||||
Net tax appreciation (depreciation) | $ | 204,717,449 | |||
Other book-to-tax adjustments | $ | (237,977) | |||
Undistributed ordinary income | $ | 20,992,980 | |||
Accumulated long-term gains | $ | 39,698,763 |
Affiliated Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Distributions Received(2) | ||||||||||||||||||
American Century Diversified Corporate Bond ETF | $ | 15,277 | — | — | $ | (32) | $ | 15,245 | 288 | — | $ | 473 | ||||||||||||||
American Century Focused Dynamic Growth ETF | 53,354 | — | $ | 16,647 | 9,660 | 46,367 | 561 | $ | 6,177 | 6 | ||||||||||||||||
American Century Focused Large Cap Value ETF | 37,235 | $ | 13,441 | — | 11,220 | 61,896 | 1,010 | — | 795 | |||||||||||||||||
American Century Quality Diversified International ETF | 28,549 | 2,200 | 3,860 | 6,539 | 33,428 | 642 | 590 | 674 | ||||||||||||||||||
American Century STOXX U.S. Quality Growth ETF | 52,558 | — | 14,850 | 9,706 | 47,414 | 649 | 6,901 | 115 | ||||||||||||||||||
American Century STOXX U.S. Quality Value ETF | 35,445 | 12,781 | — | 13,795 | 62,021 | 1,222 | — | 816 | ||||||||||||||||||
Avantis Emerging Markets Equity ETF | 40,081 | 762 | 18,089 | 6,442 | 29,196 | 443 | 4,925 | 678 | ||||||||||||||||||
Avantis International Equity ETF | 25,977 | 1,527 | 3,676 | 7,945 | 31,773 | 499 | 232 | 615 | ||||||||||||||||||
Avantis International Small Cap Value ETF | 8,563 | 209 | 1,199 | 3,538 | 11,111 | 170 | 276 | 229 | ||||||||||||||||||
Avantis U.S. Equity ETF | 50,644 | 1,210 | 8,842 | 17,966 | 60,978 | 815 | 3,221 | 718 | ||||||||||||||||||
Avantis U.S. Small Cap Value ETF | 11,434 | 4,684 | 3,350 | 7,302 | 20,070 | 273 | 652 | 217 | ||||||||||||||||||
$ | 359,117 | $ | 36,814 | $ | 70,513 | $ | 94,081 | $ | 419,499 | 6,572 | $ | 22,974 | $ | 5,336 |
Financial Highlights |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.45 | 0.08 | 2.09 | 2.17 | (0.06) | (0.47) | (0.53) | $9.09 | 30.04% | 0.67% | 1.16% | 0.95% | 0.46% | 44% | $316,039 | ||||||||||||||||||||||||||||||||
2020 | $7.91 | 0.08 | 0.58 | 0.66 | (0.13) | (0.99) | (1.12) | $7.45 | 8.82% | 0.84% | 1.16% | 1.06% | 0.74% | 109% | $262,987 | ||||||||||||||||||||||||||||||||
2019 | $8.57 | 0.10 | 0.11 | 0.21 | (0.10) | (0.77) | (0.87) | $7.91 | 3.96% | 1.11% | 1.16% | 1.27% | 1.22% | 78% | $300,544 | ||||||||||||||||||||||||||||||||
2018(3) | $9.04 | 0.06 | 0.28 | 0.34 | (0.12) | (0.69) | (0.81) | $8.57 | 4.05% | 1.11%(4) | 1.16%(4) | 1.10%(4) | 1.05%(4) | 58% | $372,601 | ||||||||||||||||||||||||||||||||
2017 | $7.80 | 0.10 | 1.37 | 1.47 | (0.11) | (0.12) | (0.23) | $9.04 | 19.30% | 1.11% | 1.16% | 1.19% | 1.14% | 80% | $448,081 | ||||||||||||||||||||||||||||||||
2016 | $8.19 | 0.09 | 0.17 | 0.26 | (0.09) | (0.56) | (0.65) | $7.80 | 3.61% | 1.11% | 1.16% | 1.23% | 1.18% | 82% | $438,001 | ||||||||||||||||||||||||||||||||
I Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.40 | 0.10 | 2.07 | 2.17 | (0.08) | (0.47) | (0.55) | $9.02 | 30.42% | 0.47% | 0.96% | 1.15% | 0.66% | 44% | $55,466 | ||||||||||||||||||||||||||||||||
2020 | $7.86 | 0.09 | 0.59 | 0.68 | (0.15) | (0.99) | (1.14) | $7.40 | 8.97% | 0.64% | 0.96% | 1.26% | 0.94% | 109% | $46,105 | ||||||||||||||||||||||||||||||||
2019 | $8.52 | 0.11 | 0.11 | 0.22 | (0.11) | (0.77) | (0.88) | $7.86 | 4.22% | 0.91% | 0.96% | 1.47% | 1.42% | 78% | $52,389 | ||||||||||||||||||||||||||||||||
2018(3) | $9.00 | 0.07 | 0.28 | 0.35 | (0.14) | (0.69) | (0.83) | $8.52 | 4.18% | 0.91%(4) | 0.96%(4) | 1.30%(4) | 1.25%(4) | 58% | $68,975 | ||||||||||||||||||||||||||||||||
2017 | $7.76 | 0.12 | 1.36 | 1.48 | (0.12) | (0.12) | (0.24) | $9.00 | 19.64% | 0.91% | 0.96% | 1.39% | 1.34% | 80% | $139,110 | ||||||||||||||||||||||||||||||||
2016 | $8.16 | 0.11 | 0.15 | 0.26 | (0.10) | (0.56) | (0.66) | $7.76 | 3.71% | 0.91% | 0.96% | 1.43% | 1.38% | 82% | $123,699 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
A Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.52 | 0.06 | 2.11 | 2.17 | (0.04) | (0.47) | (0.51) | $9.18 | 29.69% | 0.92% | 1.41% | 0.70% | 0.21% | 44% | $177,147 | ||||||||||||||||||||||||||||||||
2020 | $7.97 | 0.06 | 0.59 | 0.65 | (0.11) | (0.99) | (1.10) | $7.52 | 8.58% | 1.09% | 1.41% | 0.81% | 0.49% | 109% | $147,856 | ||||||||||||||||||||||||||||||||
2019 | $8.63 | 0.08 | 0.11 | 0.19 | (0.08) | (0.77) | (0.85) | $7.97 | 3.66% | 1.36% | 1.41% | 1.02% | 0.97% | 78% | $168,774 | ||||||||||||||||||||||||||||||||
2018(3) | $9.08 | 0.05 | 0.28 | 0.33 | (0.09) | (0.69) | (0.78) | $8.63 | 3.87% | 1.36%(4) | 1.41%(4) | 0.85%(4) | 0.80%(4) | 58% | $188,883 | ||||||||||||||||||||||||||||||||
2017 | $7.84 | 0.08 | 1.37 | 1.45 | (0.09) | (0.12) | (0.21) | $9.08 | 19.02% | 1.36% | 1.41% | 0.94% | 0.89% | 80% | $209,181 | ||||||||||||||||||||||||||||||||
2016 | $8.22 | 0.07 | 0.18 | 0.25 | (0.07) | (0.56) | (0.63) | $7.84 | 3.44% | 1.36% | 1.41% | 0.98% | 0.93% | 82% | $245,955 | ||||||||||||||||||||||||||||||||
C Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.29 | (0.01) | 2.05 | 2.04 | — | (0.47) | (0.47) | $8.86 | 28.76% | 1.67% | 2.16% | (0.05)% | (0.54)% | 44% | $23,338 | ||||||||||||||||||||||||||||||||
2020 | $7.75 | —(5) | 0.58 | 0.58 | (0.05) | (0.99) | (1.04) | $7.29 | 7.80% | 1.84% | 2.16% | 0.06% | (0.26)% | 109% | $29,423 | ||||||||||||||||||||||||||||||||
2019 | $8.41 | 0.02 | 0.11 | 0.13 | (0.02) | (0.77) | (0.79) | $7.75 | 2.91% | 2.11% | 2.16% | 0.27% | 0.22% | 78% | $36,620 | ||||||||||||||||||||||||||||||||
2018(3) | $8.85 | 0.01 | 0.27 | 0.28 | (0.03) | (0.69) | (0.72) | $8.41 | 3.36% | 2.11%(4) | 2.16%(4) | 0.10%(4) | 0.05%(4) | 58% | $53,503 | ||||||||||||||||||||||||||||||||
2017 | $7.64 | 0.02 | 1.34 | 1.36 | (0.03) | (0.12) | (0.15) | $8.85 | 18.07% | 2.11% | 2.16% | 0.19% | 0.14% | 80% | $66,032 | ||||||||||||||||||||||||||||||||
2016 | $8.03 | 0.02 | 0.16 | 0.18 | (0.01) | (0.56) | (0.57) | $7.64 | 2.56% | 2.11% | 2.16% | 0.23% | 0.18% | 82% | $67,920 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.51 | 0.04 | 2.11 | 2.15 | (0.02) | (0.47) | (0.49) | $9.17 | 29.58% | 1.17% | 1.66% | 0.45% | (0.04)% | 44% | $18,729 | ||||||||||||||||||||||||||||||||
2020 | $7.96 | 0.04 | 0.59 | 0.63 | (0.09) | (0.99) | (1.08) | $7.51 | 8.16% | 1.34% | 1.66% | 0.56% | 0.24% | 109% | $16,353 | ||||||||||||||||||||||||||||||||
2019 | $8.61 | 0.06 | 0.12 | 0.18 | (0.06) | (0.77) | (0.83) | $7.96 | 3.51% | 1.61% | 1.66% | 0.77% | 0.72% | 78% | $17,858 | ||||||||||||||||||||||||||||||||
2018(3) | $9.06 | 0.03 | 0.28 | 0.31 | (0.07) | (0.69) | (0.76) | $8.61 | 3.72% | 1.61%(4) | 1.66%(4) | 0.60%(4) | 0.55%(4) | 58% | $19,634 | ||||||||||||||||||||||||||||||||
2017 | $7.82 | 0.06 | 1.37 | 1.43 | (0.07) | (0.12) | (0.19) | $9.06 | 18.64% | 1.61% | 1.66% | 0.69% | 0.64% | 80% | $22,514 | ||||||||||||||||||||||||||||||||
2016 | $8.20 | 0.06 | 0.17 | 0.23 | (0.05) | (0.56) | (0.61) | $7.82 | 3.18% | 1.61% | 1.66% | 0.73% | 0.68% | 82% | $24,678 | ||||||||||||||||||||||||||||||||
R5 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.40 | 0.10 | 2.07 | 2.17 | (0.08) | (0.47) | (0.55) | $9.02 | 30.24% | 0.47% | 0.96% | 1.15% | 0.66% | 44% | $15 | ||||||||||||||||||||||||||||||||
2020 | $7.86 | 0.09 | 0.59 | 0.68 | (0.15) | (0.99) | (1.14) | $7.40 | 9.11% | 0.64% | 0.96% | 1.26% | 0.94% | 109% | $10 | ||||||||||||||||||||||||||||||||
2019 | $8.53 | 0.11 | 0.10 | 0.21 | (0.11) | (0.77) | (0.88) | $7.86 | 4.08% | 0.91% | 0.96% | 1.47% | 1.42% | 78% | $8 | ||||||||||||||||||||||||||||||||
2018(3) | $9.00 | 0.07 | 0.28 | 0.35 | (0.13) | (0.69) | (0.82) | $8.53 | 4.24% | 0.91%(4) | 0.96%(4) | 1.30%(4) | 1.25%(4) | 58% | $6 | ||||||||||||||||||||||||||||||||
2017(6) | $8.05 | 0.08 | 0.87 | 0.95 | — | — | — | $9.00 | 11.80% | 0.91%(4) | 0.96%(4) | 1.46%(4) | 1.41%(4) | 80%(7) | $6 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R6 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $7.38 | 0.11 | 2.06 | 2.17 | (0.09) | (0.47) | (0.56) | $8.99 | 30.57% | 0.32% | 0.81% | 1.30% | 0.81% | 44% | $268,579 | ||||||||||||||||||||||||||||||||
2020 | $7.84 | 0.10 | 0.59 | 0.69 | (0.16) | (0.99) | (1.15) | $7.38 | 9.18% | 0.49% | 0.81% | 1.41% | 1.09% | 109% | $213,077 | ||||||||||||||||||||||||||||||||
2019 | $8.51 | 0.13 | 0.10 | 0.23 | (0.13) | (0.77) | (0.90) | $7.84 | 4.27% | 0.76% | 0.81% | 1.62% | 1.57% | 78% | $200,468 | ||||||||||||||||||||||||||||||||
2018(3) | $8.99 | 0.09 | 0.27 | 0.36 | (0.15) | (0.69) | (0.84) | $8.51 | 4.36% | 0.76%(4) | 0.81%(4) | 1.45%(4) | 1.40%(4) | 58% | $200,589 | ||||||||||||||||||||||||||||||||
2017 | $7.76 | 0.13 | 1.36 | 1.49 | (0.14) | (0.12) | (0.26) | $8.99 | 19.70% | 0.76% | 0.81% | 1.54% | 1.49% | 80% | $90,339 | ||||||||||||||||||||||||||||||||
2016 | $8.15 | 0.12 | 0.16 | 0.28 | (0.11) | (0.56) | (0.67) | $7.76 | 4.02% | 0.76% | 0.81% | 1.58% | 1.53% | 82% | $51,430 |
Notes to Financial Highlights |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Thomas W. Bunn (1953) | Director | Since 2017 | Retired | 72 | SquareTwo Financial; Barings (formerly Babson Capital Funds Trust) (2013 to 2016) | ||||||||||||
Chris H. Cheesman (1962) | Director | Since 2019 | Retired. Senior Vice President & Chief Audit Executive, AllianceBernstein (1999 to 2018) | 72 | None | ||||||||||||
Barry Fink (1955) | Director | Since 2012 (independent since 2016) | Retired | 72 | None | ||||||||||||
Rajesh K. Gupta (1960) | Director | Since 2019 | Partner Emeritus, SeaCrest Investment Management and SeaCrest Wealth Management (2019 to Present); Chief Executive Officer and Chief Investment Officer, SeaCrest Investment Management (2006 to 2019); Chief Executive Officer and Chief Investment Officer, SeaCrest Wealth Management (2008 to 2019) | 72 | None |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Lynn Jenkins (1963) | Director | Since 2019 | Consultant, LJ Strategies (2019 to present); United States Representative, U.S. House of Representatives (2009 to 2018) | 72 | MGP Ingredients, Inc. (2019 to 2021) | ||||||||||||
Jan M. Lewis (1957) | Director | Since 2011 | Retired | 72 | None | ||||||||||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 72 | Onto Innovation Inc. (2019 to 2020); Rudolph Technologies, Inc. (2006 to 2019) | ||||||||||||
Stephen E. Yates (1948) | Director and Chairman of the Board | Since 2012 (Chairman since 2018) | Retired | 103 | None | ||||||||||||
Interested Director | |||||||||||||||||
Jonathan S. Thomas (1963) | Director | Since 2007 | President and Chief Executive Officer, ACC (2007 to present). Also serves as Chief Executive Officer, ACS; Director, ACC and other ACC subsidiaries | 141 | None |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years | ||||||
Patrick Bannigan (1965) | President since 2019 | Executive Vice President and Director, ACC (2012 to present); Chief Financial Officer, Chief Accounting Officer and Treasurer, ACC (2015 to present). Also serves as President, ACS; Vice President, ACIM; Chief Financial Officer, Chief Accounting Officer and/or Director, ACIM, ACS and other ACC subsidiaries | ||||||
R. Wes Campbell (1974) | Chief Financial Officer and Treasurer since 2018 | Vice President, ACS, (2020 to present); Investment Operations and Investment Accounting, ACS (2000 to present) | ||||||
Amy D. Shelton (1964) | Chief Compliance Officer and Vice President since 2014 | Chief Compliance Officer, American Century funds, (2014 to present); Chief Compliance Officer, ACIM (2014 to present); Chief Compliance Officer, ACIS (2009 to present). Also serves as Vice President, ACIS | ||||||
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (1994 to present); Vice President, ACC (2005 to present); General Counsel, ACC (2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS | ||||||
C. Jean Wade (1964) | Vice President since 2012 | Senior Vice President, ACS (2017 to present); Vice President, ACS (2000 to 2017) | ||||||
Robert J. Leach (1966) | Vice President since 2006 | Vice President, ACS (2000 to present) | ||||||
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (1994 to present). Also serves as Vice President, ACIM and ACS | ||||||
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (2003 to present) |
Approval of Management Agreement |
Liquidity Risk Management Program |
Additional Information |
Notes |
Contact Us | americancentury.com | |||||||
Automated Information Line | 1-800-345-8765 | |||||||
Investor Services Representative | 1-800-345-2021 or 816-531-5575 | |||||||
Investors Using Advisors | 1-800-378-9878 | |||||||
Business, Not-For-Profit, Employer-Sponsored Retirement Plans | 1-800-345-3533 | |||||||
Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 | |||||||
Telecommunications Relay Service for the Deaf | 711 | |||||||
American Century Strategic Asset Allocations, Inc. | ||||||||
Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | ||||||||
This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | ||||||||
©2021 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-91037 2109 |
Annual Report | |||||
July 31, 2021 | |||||
Strategic Allocation: Conservative Fund | |||||
Investor Class (TWSCX) | |||||
I Class (ACCIX) | |||||
A Class (ACCAX) | |||||
C Class (AACCX) | |||||
R Class (AACRX) | |||||
R5 Class (AACGX) | |||||
R6 Class (AACDX) |
Table of Contents |
President’s Letter | |||||
Performance | |||||
Portfolio Commentary | |||||
Fund Characteristics | |||||
Shareholder Fee Example | |||||
Schedule of Investments | |||||
Statement of Assets and Liabilities | |||||
Statement of Operations | |||||
Statement of Changes in Net Assets | |||||
Notes to Financial Statements | |||||
Financial Highlights | |||||
Report of Independent Registered Public Accounting Firm | |||||
Management | |||||
Approval of Management Agreement | |||||
Liquidity Risk Management Program | |||||
Additional Information | |||||
President’s Letter |
Performance |
Total Returns as of July 31, 2021 | ||||||||||||||||||||
Average Annual Returns | ||||||||||||||||||||
Ticker Symbol | 1 year | 5 years | 10 years | Since Inception | Inception Date | |||||||||||||||
Investor Class | TWSCX | 18.09% | 8.22% | 7.01% | — | 2/15/96 | ||||||||||||||
S&P 500 Index | — | 36.45% | 17.34% | 15.33% | — | — | ||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | -0.70% | 3.12% | 3.34% | — | — | ||||||||||||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index | — | 0.06% | 1.10% | 0.58% | — | — | ||||||||||||||
I Class | ACCIX | 18.51% | 8.47% | 7.24% | — | 8/1/00 | ||||||||||||||
A Class | ACCAX | 10/2/96 | ||||||||||||||||||
No sales charge | 17.79% | 7.99% | 6.75% | — | ||||||||||||||||
With sales charge | 11.11% | 6.72% | 6.12% | — | ||||||||||||||||
C Class | AACCX | 16.90% | 7.17% | 5.94% | — | 9/30/04 | ||||||||||||||
R Class | AACRX | 17.59% | 7.72% | 6.48% | — | 3/31/05 | ||||||||||||||
R5 Class | AACGX | 18.48% | — | — | 9.24% | 4/10/17 | ||||||||||||||
R6 Class | AACDX | 18.48% | 8.63% | — | 7.32% | 7/26/13 |
Growth of $10,000 Over 10 Years | ||
$10,000 investment made July 31, 2011 | ||
Performance for other share classes will vary due to differences in fee structure. |
Value on July 31, 2021 | |||||
Investor Class — $19,701 | |||||
S&P 500 Index — $41,689 | |||||
Bloomberg Barclays U.S. Aggregate Bond Index — $13,897 | |||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index — $10,600 | |||||
Total Annual Fund Operating Expenses | ||||||||||||||||||||
Investor Class | I Class | A Class | C Class | R Class | R5 Class | R6 Class | ||||||||||||||
1.11% | 0.91% | 1.36% | 2.11% | 1.61% | 0.91% | 0.76% |
Portfolio Commentary |
Fund Characteristics |
JULY 31, 2021 | |||||
Types of Investments in Portfolio | % of net assets | ||||
Affiliated Funds | 30.2% | ||||
U.S. Treasury Securities | 19.4% | ||||
Common Stocks | 19.0% | ||||
Corporate Bonds | 8.1% | ||||
Sovereign Governments and Agencies | 7.7% | ||||
Commercial Paper | 2.3% | ||||
Collateralized Loan Obligations | 2.1% | ||||
Municipal Securities | 2.1% | ||||
Collateralized Mortgage Obligations | 1.0% | ||||
Preferred Stocks | 0.7% | ||||
Asset-Backed Securities | 0.6% | ||||
Certificates of Deposit | 0.5% | ||||
U.S. Government Agency Mortgage-Backed Securities | 0.5% | ||||
Exchange-Traded Funds | —* | ||||
Temporary Cash Investments | 5.4% | ||||
Temporary Cash Investments - Securities Lending Collateral | 0.1% | ||||
Other Assets and Liabilities | 0.3% |
Shareholder Fee Example |
Beginning Account Value 2/1/21 | Ending Account Value 7/31/21 | Expenses Paid During Period(1) 2/1/21 - 7/31/21 | Annualized Expense Ratio(1) | |||||||||||
Actual | ||||||||||||||
Investor Class | $1,000 | $1,080.50 | $3.97 | 0.77% | ||||||||||
I Class | $1,000 | $1,083.30 | $2.94 | 0.57% | ||||||||||
A Class | $1,000 | $1,081.00 | $5.26 | 1.02% | ||||||||||
C Class | $1,000 | $1,075.20 | $9.11 | 1.77% | ||||||||||
R Class | $1,000 | $1,078.50 | $6.54 | 1.27% | ||||||||||
R5 Class | $1,000 | $1,083.10 | $2.94 | 0.57% | ||||||||||
R6 Class | $1,000 | $1,084.10 | $2.17 | 0.42% | ||||||||||
Hypothetical | ||||||||||||||
Investor Class | $1,000 | $1,020.98 | $3.86 | 0.77% | ||||||||||
I Class | $1,000 | $1,021.97 | $2.86 | 0.57% | ||||||||||
A Class | $1,000 | $1,019.74 | $5.11 | 1.02% | ||||||||||
C Class | $1,000 | $1,016.02 | $8.85 | 1.77% | ||||||||||
R Class | $1,000 | $1,018.50 | $6.36 | 1.27% | ||||||||||
R5 Class | $1,000 | $1,021.97 | $2.86 | 0.57% | ||||||||||
R6 Class | $1,000 | $1,022.71 | $2.11 | 0.42% |
Schedule of Investments |
Shares/Principal Amount | Value | ||||||||||
AFFILIATED FUNDS(1) — 30.2% | |||||||||||
American Century Diversified Corporate Bond ETF | 389,060 | $ | 20,574,271 | ||||||||
American Century Focused Dynamic Growth ETF | 56,357 | 4,660,160 | |||||||||
American Century Focused Large Cap Value ETF | 218,758 | 13,404,681 | |||||||||
American Century Quality Diversified International ETF | 191,236 | 9,959,131 | |||||||||
American Century STOXX U.S. Quality Growth ETF | 237,983 | 17,376,686 | |||||||||
American Century STOXX U.S. Quality Value ETF | 576,226 | 29,240,127 | |||||||||
Avantis International Equity ETF | 173,519 | 11,047,955 | |||||||||
Avantis International Small Cap Value ETF | 36,537 | 2,386,597 | |||||||||
Avantis U.S. Equity ETF | 284,284 | 21,278,657 | |||||||||
Avantis U.S. Small Cap Value ETF | 87,620 | 6,430,432 | |||||||||
TOTAL AFFILIATED FUNDS (Cost $102,099,087) | 136,358,697 | ||||||||||
U.S. TREASURY SECURITIES — 19.4% | |||||||||||
U.S. Treasury Bills, 0.05%, 8/3/21(2) | $ | 560,000 | 560,000 | ||||||||
U.S. Treasury Bills, 0.05%, 9/2/21(2) | 210,000 | 209,993 | |||||||||
U.S. Treasury Bills, 0.05%, 9/9/21(2) | 280,000 | 279,988 | |||||||||
U.S. Treasury Bills, 0.04%, 9/30/21(2) | 500,000 | 499,965 | |||||||||
U.S. Treasury Bonds, 4.50%, 5/15/38 | 1,000,000 | 1,433,477 | |||||||||
U.S. Treasury Bonds, 2.25%, 5/15/41 | 1,250,000 | 1,343,066 | |||||||||
U.S. Treasury Bonds, 3.00%, 5/15/42 | 430,000 | 518,939 | |||||||||
U.S. Treasury Bonds, 2.50%, 2/15/45(3) | 1,700,000 | 1,902,539 | |||||||||
U.S. Treasury Bonds, 3.00%, 5/15/45 | 600,000 | 731,039 | |||||||||
U.S. Treasury Bonds, 3.00%, 11/15/45 | 850,000 | 1,038,727 | |||||||||
U.S. Treasury Cash Management Bills, 0.04%, 9/16/21(2) | 640,000 | 639,970 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/25 | 2,214,237 | 2,590,236 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/27 | 400,581 | 499,486 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/42 | 595,845 | 750,041 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.625%, 2/15/43 | 585,610 | 723,790 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45 | 571,755 | 730,725 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.875%, 2/15/47 | 557,755 | 745,703 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.125%, 2/15/51 | 723,996 | 833,239 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/22 | 2,868,828 | 2,964,872 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 1/15/23 | 3,266,452 | 3,411,903 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.375%, 7/15/23 | 3,586,979 | 3,821,097 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/24 | 1,500,265 | 1,621,771 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 4/15/24 | 4,003,763 | 4,336,583 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/24 | 9,922,938 | 10,739,940 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 10/15/24 | 2,256,511 | 2,448,784 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.25%, 1/15/25 | 4,547,520 | 4,963,231 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/25 | 4,222,085 | 4,604,947 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/26 | 6,346,256 | 7,148,584 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/26 | 3,799,123 | 4,193,710 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/26 | 1,235,718 | 1,376,726 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.375%, 1/15/27 | 222,948 | 251,845 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 1/15/28 | 3,820,810 | 4,388,290 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.875%, 1/15/29 | 2,666,075 | 3,169,565 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 1/15/30 | 6,279,660 | 7,100,803 |
Shares/Principal Amount | Value | ||||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 1/15/31 | $ | 4,137,680 | $ | 4,687,717 | |||||||
U.S. Treasury Notes, 0.375%, 3/31/22 | 200,000 | 200,397 | |||||||||
U.S. Treasury Notes, 2.25%, 8/15/27(3) | 300,000 | 324,703 | |||||||||
TOTAL U.S. TREASURY SECURITIES (Cost $80,789,033) | 87,786,391 | ||||||||||
COMMON STOCKS — 19.0% | |||||||||||
Aerospace and Defense — 0.3% | |||||||||||
Babcock International Group plc(4) | 22,846 | 81,198 | |||||||||
BAE Systems plc | 53,530 | 429,179 | |||||||||
CAE, Inc.(4) | 757 | 23,099 | |||||||||
General Dynamics Corp. | 1,790 | 350,894 | |||||||||
Lockheed Martin Corp. | 557 | 207,020 | |||||||||
Mercury Systems, Inc.(4) | 966 | 63,756 | |||||||||
Safran SA | 972 | 127,210 | |||||||||
Spirit AeroSystems Holdings, Inc., Class A | 965 | 41,698 | |||||||||
1,324,054 | |||||||||||
Air Freight and Logistics — 0.1% | |||||||||||
Expeditors International of Washington, Inc. | 723 | 92,725 | |||||||||
United Parcel Service, Inc., Class B | 1,122 | 214,706 | |||||||||
307,431 | |||||||||||
Airlines — 0.1% | |||||||||||
Ryanair Holdings plc, ADR(4) | 734 | 80,035 | |||||||||
Southwest Airlines Co.(4) | 7,527 | 380,264 | |||||||||
460,299 | |||||||||||
Auto Components — 0.3% | |||||||||||
Aptiv plc(4) | 2,798 | 466,846 | |||||||||
BorgWarner, Inc. | 5,680 | 278,207 | |||||||||
Bridgestone Corp. | 2,700 | 118,948 | |||||||||
Hyundai Mobis Co. Ltd. | 544 | 126,390 | |||||||||
Linamar Corp. | 819 | 48,460 | |||||||||
Minth Group Ltd. | 2,000 | 8,458 | |||||||||
Sumitomo Rubber Industries Ltd. | 4,900 | 65,950 | |||||||||
Valeo SA | 2,901 | 83,885 | |||||||||
1,197,144 | |||||||||||
Automobiles — 0.2% | |||||||||||
Bayerische Motoren Werke AG | 1,529 | 152,030 | |||||||||
Daimler AG | 3,646 | 325,367 | |||||||||
Honda Motor Co. Ltd., ADR | 7,617 | 244,506 | |||||||||
Nissan Motor Co. Ltd.(4) | 29,200 | 169,472 | |||||||||
Tesla, Inc.(4) | 168 | 115,450 | |||||||||
1,006,825 | |||||||||||
Banks — 0.9% | |||||||||||
AIB Group plc(4) | 10,349 | 25,418 | |||||||||
Banco Bilbao Vizcaya Argentaria SA(4) | 22,478 | 143,892 | |||||||||
Banco Bradesco SA | 9,386 | 37,485 | |||||||||
Banco do Brasil SA | 10,700 | 64,858 | |||||||||
Bank Central Asia Tbk PT | 22,000 | 45,416 | |||||||||
Bank of America Corp. | 7,557 | 289,887 | |||||||||
Barclays plc | 117,442 | 284,102 | |||||||||
BNP Paribas SA | 3,346 | 204,036 | |||||||||
BPER Banca | 10,502 | 20,474 | |||||||||
CaixaBank SA | 38,691 | 114,909 |
Shares/Principal Amount | Value | ||||||||||
Canadian Western Bank | 882 | $ | 24,044 | ||||||||
Commerce Bancshares, Inc. | 634 | 44,843 | |||||||||
Commerzbank AG(4) | 7,535 | 48,525 | |||||||||
Eastern Bankshares, Inc. | 1,374 | 25,075 | |||||||||
First Hawaiian, Inc. | 4,957 | 136,466 | |||||||||
HDFC Bank Ltd., ADR | 1,588 | 112,065 | |||||||||
HSBC Holdings plc | 22,800 | 125,847 | |||||||||
JPMorgan Chase & Co. | 2,511 | 381,120 | |||||||||
Jyske Bank A/S(4) | 406 | 19,701 | |||||||||
M&T Bank Corp. | 1,790 | 239,591 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 39,700 | 209,722 | |||||||||
Mizuho Financial Group, Inc. | 10,590 | 151,327 | |||||||||
Prosperity Bancshares, Inc. | 2,262 | 154,246 | |||||||||
Regions Financial Corp. | 11,962 | 230,268 | |||||||||
Silvergate Capital Corp., Class A(4) | 422 | 43,382 | |||||||||
Societe Generale SA | 3,155 | 92,396 | |||||||||
Standard Chartered plc (London) | 7,624 | 45,704 | |||||||||
Sumitomo Mitsui Financial Group, Inc. | 4,000 | 134,836 | |||||||||
Triumph Bancorp, Inc.(4) | 808 | 61,941 | |||||||||
Truist Financial Corp. | 6,440 | 350,529 | |||||||||
UniCredit SpA | 4,772 | 57,080 | |||||||||
Virgin Money UK plc(4) | 4,891 | 13,518 | |||||||||
Westamerica Bancorporation | 2,526 | 140,319 | |||||||||
4,073,022 | |||||||||||
Beverages — 0.1% | |||||||||||
Boston Beer Co., Inc. (The), Class A(4) | 118 | 83,780 | |||||||||
MGP Ingredients, Inc. | 534 | 31,853 | |||||||||
PepsiCo, Inc. | 2,006 | 314,842 | |||||||||
Royal Unibrew A/S | 185 | 25,070 | |||||||||
455,545 | |||||||||||
Biotechnology — 0.3% | |||||||||||
AbbVie, Inc. | 694 | 80,712 | |||||||||
Acceleron Pharma, Inc.(4) | 305 | 38,143 | |||||||||
ADC Therapeutics SA(4)(5) | 1,092 | 22,976 | |||||||||
Alnylam Pharmaceuticals, Inc.(4) | 714 | 127,763 | |||||||||
Amgen, Inc. | 645 | 155,793 | |||||||||
Arcutis Biotherapeutics, Inc.(4) | 1,082 | 25,243 | |||||||||
Arena Pharmaceuticals, Inc.(4) | 363 | 22,455 | |||||||||
Argenx SE, ADR(4) | 280 | 85,240 | |||||||||
Biohaven Pharmaceutical Holding Co. Ltd.(4) | 529 | 66,659 | |||||||||
Blueprint Medicines Corp.(4) | 438 | 38,487 | |||||||||
Bridgebio Pharma, Inc.(4) | 744 | 39,767 | |||||||||
Centessa Pharmaceuticals plc, ADR(4) | 1,068 | 22,044 | |||||||||
Cytokinetics, Inc.(4) | 969 | 28,760 | |||||||||
Deciphera Pharmaceuticals, Inc.(4) | 849 | 25,886 | |||||||||
Erasca, Inc.(4) | 852 | 17,892 | |||||||||
Fate Therapeutics, Inc.(4) | 371 | 30,719 | |||||||||
FibroGen, Inc.(4) | 776 | 10,088 | |||||||||
Flexion Therapeutics, Inc.(4) | 2,028 | 12,026 | |||||||||
Global Blood Therapeutics, Inc.(4) | 973 | 26,592 | |||||||||
Halozyme Therapeutics, Inc.(4) | 1,208 | 49,927 | |||||||||
Heron Therapeutics, Inc.(4) | 911 | 11,260 |
Shares/Principal Amount | Value | ||||||||||
Horizon Therapeutics plc(4) | 1,455 | $ | 145,529 | ||||||||
Immunovant, Inc.(4) | 730 | 7,636 | |||||||||
Insmed, Inc.(4) | 1,553 | 38,204 | |||||||||
Intellia Therapeutics, Inc.(4) | 198 | 28,086 | |||||||||
Invitae Corp.(4)(5) | 671 | 18,781 | |||||||||
Iovance Biotherapeutics, Inc.(4) | 352 | 7,839 | |||||||||
KalVista Pharmaceuticals, Inc.(4) | 772 | 15,548 | |||||||||
Karuna Therapeutics, Inc.(4) | 365 | 41,690 | |||||||||
Kinnate Biopharma, Inc.(4)(5) | 509 | 10,984 | |||||||||
Kymera Therapeutics, Inc.(4) | 428 | 25,757 | |||||||||
Natera, Inc.(4) | 1,403 | 160,672 | |||||||||
Relay Therapeutics, Inc.(4) | 575 | 18,653 | |||||||||
Sigilon Therapeutics, Inc.(4) | 1,040 | 5,242 | |||||||||
Turning Point Therapeutics, Inc.(4) | 719 | 45,887 | |||||||||
Vertex Pharmaceuticals, Inc.(4) | 338 | 68,134 | |||||||||
1,577,074 | |||||||||||
Building Products — 0.2% | |||||||||||
Johnson Controls International plc | 5,041 | 360,028 | |||||||||
Masco Corp. | 2,382 | 142,229 | |||||||||
Masonite International Corp.(4) | 560 | 63,370 | |||||||||
Sanwa Holdings Corp. | 1,100 | 13,386 | |||||||||
Trane Technologies plc | 1,123 | 228,654 | |||||||||
Trex Co., Inc.(4) | 496 | 48,162 | |||||||||
855,829 | |||||||||||
Capital Markets — 0.9% | |||||||||||
Ameriprise Financial, Inc. | 1,715 | 441,715 | |||||||||
Bank of New York Mellon Corp. (The) | 11,932 | 612,470 | |||||||||
BlackRock, Inc. | 236 | 204,652 | |||||||||
Credit Suisse Group AG | 17,615 | 176,842 | |||||||||
flatexDEGIRO AG(4) | 147 | 17,764 | |||||||||
GCM Grosvenor, Inc., Class A | 2,506 | 24,960 | |||||||||
Intercontinental Exchange, Inc. | 857 | 102,694 | |||||||||
Intermediate Capital Group plc | 1,372 | 41,346 | |||||||||
LPL Financial Holdings, Inc. | 1,534 | 216,355 | |||||||||
MarketAxess Holdings, Inc. | 210 | 99,786 | |||||||||
Morgan Stanley | 3,860 | 370,483 | |||||||||
MSCI, Inc. | 346 | 206,202 | |||||||||
Northern Trust Corp. | 4,748 | 535,812 | |||||||||
Open Lending Corp., Class A(4) | 2,237 | 85,006 | |||||||||
Partners Group Holding AG | 100 | 170,836 | |||||||||
S&P Global, Inc. | 579 | 248,229 | |||||||||
State Street Corp. | 1,725 | 150,316 | |||||||||
T. Rowe Price Group, Inc. | 1,223 | 249,688 | |||||||||
3,955,156 | |||||||||||
Chemicals — 0.3% | |||||||||||
Air Liquide SA | 590 | 102,606 | |||||||||
Air Products and Chemicals, Inc. | 342 | 99,532 | |||||||||
Albemarle Corp. | 382 | 78,707 | |||||||||
Axalta Coating Systems Ltd.(4) | 6,834 | 205,703 | |||||||||
Corbion NV | 110 | 6,022 | |||||||||
Diversey Holdings Ltd.(4) | 2,951 | 49,223 |
Shares/Principal Amount | Value | ||||||||||
Ecolab, Inc. | 456 | $ | 100,699 | ||||||||
Element Solutions, Inc. | 6,587 | 154,070 | |||||||||
Koninklijke DSM NV | 517 | 104,218 | |||||||||
Linde plc | 890 | 273,577 | |||||||||
OCI NV(4) | 550 | 13,342 | |||||||||
Sherwin-Williams Co. (The) | 450 | 130,964 | |||||||||
Zeon Corp. | 1,000 | 13,663 | |||||||||
1,332,326 | |||||||||||
Commercial Services and Supplies — 0.1% | |||||||||||
Brink's Co. (The) | 1,068 | 82,193 | |||||||||
Clean Harbors, Inc.(4) | 817 | 77,615 | |||||||||
Driven Brands Holdings, Inc.(4) | 2,845 | 90,528 | |||||||||
Elis SA(4) | 1,361 | 24,407 | |||||||||
Loomis AB | 787 | 26,388 | |||||||||
Republic Services, Inc. | 2,612 | 309,156 | |||||||||
610,287 | |||||||||||
Communications Equipment — 0.3% | |||||||||||
Arista Networks, Inc.(4) | 744 | 283,010 | |||||||||
Cisco Systems, Inc. | 4,483 | 248,224 | |||||||||
F5 Networks, Inc.(4) | 2,664 | 550,142 | |||||||||
Juniper Networks, Inc. | 5,826 | 163,944 | |||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 9,853 | 113,646 | |||||||||
1,358,966 | |||||||||||
Construction and Engineering† | |||||||||||
Arcadis NV | 564 | 24,977 | |||||||||
Hazama Ando Corp. | 3,800 | 28,909 | |||||||||
53,886 | |||||||||||
Construction Materials — 0.1% | |||||||||||
Buzzi Unicem SpA | 494 | 13,058 | |||||||||
Cemex SAB de CV, ADR(4) | 20,222 | 164,405 | |||||||||
Eagle Materials, Inc. | 367 | 51,864 | |||||||||
Summit Materials, Inc., Class A(4) | 851 | 28,594 | |||||||||
257,921 | |||||||||||
Consumer Finance† | |||||||||||
American Express Co. | 1,021 | 174,111 | |||||||||
goeasy Ltd.(5) | 205 | 28,098 | |||||||||
202,209 | |||||||||||
Containers and Packaging — 0.3% | |||||||||||
Amcor plc | 10,692 | 123,599 | |||||||||
Avery Dennison Corp. | 1,060 | 223,321 | |||||||||
Ball Corp. | 2,544 | 205,759 | |||||||||
Intertape Polymer Group, Inc. | 1,588 | 35,347 | |||||||||
Packaging Corp. of America | 1,173 | 165,979 | |||||||||
SIG Combibloc Group AG(4) | 933 | 27,529 | |||||||||
Sonoco Products Co. | 6,948 | 443,213 | |||||||||
1,224,747 | |||||||||||
Distributors† | |||||||||||
D'ieteren Group | 251 | 40,230 | |||||||||
Diversified Consumer Services† | |||||||||||
Chegg, Inc.(4) | 752 | 66,650 | |||||||||
IDP Education Ltd. | 985 | 20,410 | |||||||||
87,060 |
Shares/Principal Amount | Value | ||||||||||
Diversified Financial Services† | |||||||||||
Zenkoku Hosho Co. Ltd. | 500 | $ | 22,685 | ||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
BT Group plc(4) | 19,797 | 47,686 | |||||||||
Cellnex Telecom SA | 3,390 | 221,084 | |||||||||
Verizon Communications, Inc. | 1,624 | 90,587 | |||||||||
359,357 | |||||||||||
Electric Utilities — 0.4% | |||||||||||
Edison International | 7,230 | 394,035 | |||||||||
Evergy, Inc. | 2,150 | 140,223 | |||||||||
Eversource Energy | 1,741 | 150,196 | |||||||||
Iberdrola SA | 8,384 | 100,902 | |||||||||
NextEra Energy, Inc. | 4,850 | 377,815 | |||||||||
Pinnacle West Capital Corp. | 4,761 | 397,782 | |||||||||
Xcel Energy, Inc. | 927 | 63,268 | |||||||||
1,624,221 | |||||||||||
Electrical Equipment — 0.5% | |||||||||||
AMETEK, Inc. | 1,397 | 194,253 | |||||||||
Eaton Corp. plc | 998 | 157,734 | |||||||||
Emerson Electric Co. | 4,884 | 492,747 | |||||||||
Generac Holdings, Inc.(4) | 253 | 106,098 | |||||||||
Hubbell, Inc. | 1,442 | 289,063 | |||||||||
Nexans SA | 300 | 28,714 | |||||||||
nVent Electric plc | 17,795 | 562,500 | |||||||||
Plug Power, Inc.(4) | 1,118 | 30,499 | |||||||||
Rockwell Automation, Inc. | 600 | 184,452 | |||||||||
Schneider Electric SE | 1,177 | 197,134 | |||||||||
Sensata Technologies Holding plc(4) | 1,037 | 60,789 | |||||||||
Ushio, Inc. | 900 | 16,127 | |||||||||
2,320,110 | |||||||||||
Electronic Equipment, Instruments and Components — 0.3% | |||||||||||
CDW Corp. | 895 | 164,098 | |||||||||
Cognex Corp. | 3,688 | 333,432 | |||||||||
Comet Holding AG | 67 | 21,939 | |||||||||
Fabrinet(4) | 355 | 33,555 | |||||||||
Hexagon AB, B Shares | 9,121 | 150,985 | |||||||||
Jabil, Inc. | 890 | 52,991 | |||||||||
Keyence Corp. | 200 | 111,401 | |||||||||
Keysight Technologies, Inc.(4) | 2,580 | 424,539 | |||||||||
National Instruments Corp. | 893 | 39,390 | |||||||||
nLight, Inc.(4) | 1,963 | 68,096 | |||||||||
Sesa SpA(4) | 145 | 25,816 | |||||||||
TE Connectivity Ltd. | 929 | 137,000 | |||||||||
1,563,242 | |||||||||||
Energy Equipment and Services — 0.1% | |||||||||||
Baker Hughes Co. | 9,306 | 197,659 | |||||||||
Schlumberger NV | 4,019 | 115,868 | |||||||||
313,527 | |||||||||||
Entertainment — 0.2% | |||||||||||
Activision Blizzard, Inc. | 994 | 83,118 | |||||||||
Live Nation Entertainment, Inc.(4) | 975 | 76,918 |
Shares/Principal Amount | Value | ||||||||||
ROBLOX Corp., Class A(4) | 422 | $ | 32,486 | ||||||||
Roku, Inc.(4) | 490 | 209,872 | |||||||||
Sea Ltd., ADR(4) | 376 | 103,836 | |||||||||
Walt Disney Co. (The)(4) | 2,104 | 370,346 | |||||||||
Zynga, Inc., Class A(4) | 12,083 | 122,038 | |||||||||
998,614 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 1.8% | |||||||||||
American Campus Communities, Inc. | 1,540 | 77,477 | |||||||||
Brixmor Property Group, Inc. | 4,218 | 97,098 | |||||||||
Capital & Counties Properties plc(4) | 27,002 | 64,038 | |||||||||
Charter Hall Group | 8,791 | 105,051 | |||||||||
Comforia Residential REIT, Inc. | 18 | 57,519 | |||||||||
Community Healthcare Trust, Inc. | 714 | 35,579 | |||||||||
CoreSite Realty Corp. | 516 | 71,316 | |||||||||
Crown Castle International Corp. | 284 | 54,838 | |||||||||
Empire State Realty Trust, Inc., Class A | 3,511 | 40,131 | |||||||||
Equinix, Inc. | 678 | 556,238 | |||||||||
Equity Residential | 2,458 | 206,792 | |||||||||
Essential Properties Realty Trust, Inc. | 1,670 | 49,766 | |||||||||
Essex Property Trust, Inc. | 1,122 | 368,128 | |||||||||
Extra Space Storage, Inc. | 1,164 | 202,699 | |||||||||
Fibra Uno Administracion SA de CV | 73,205 | 79,654 | |||||||||
Global Medical REIT, Inc. | 2,467 | 38,387 | |||||||||
Goodman Group | 14,121 | 234,863 | |||||||||
Healthcare Trust of America, Inc., Class A | 8,752 | 250,220 | |||||||||
Healthpeak Properties, Inc. | 9,206 | 340,346 | |||||||||
Ingenia Communities Group | 14,134 | 60,329 | |||||||||
Innovative Industrial Properties, Inc. | 886 | 190,481 | |||||||||
Invincible Investment Corp. | 134 | 52,644 | |||||||||
Invitation Homes, Inc. | 7,831 | 318,565 | |||||||||
Iron Mountain, Inc. | 2,166 | 94,784 | |||||||||
Japan Hotel REIT Investment Corp. | 28 | 17,075 | |||||||||
Kilroy Realty Corp. | 1,252 | 86,726 | |||||||||
Kimco Realty Corp. | 6,294 | 134,251 | |||||||||
Klepierre SA(4) | 3,173 | 76,824 | |||||||||
LaSalle Logiport REIT | 41 | 75,096 | |||||||||
Life Storage, Inc. | 1,468 | 172,284 | |||||||||
Link REIT | 11,600 | 110,854 | |||||||||
Mapletree Commercial Trust | 40,900 | 65,116 | |||||||||
Mapletree Logistics Trust | 34,300 | 53,404 | |||||||||
MGM Growth Properties LLC, Class A | 8,104 | 306,331 | |||||||||
Mitsubishi Estate Logistics REIT Investment Corp. | 12 | 55,324 | |||||||||
NETSTREIT Corp. | 1,997 | 51,822 | |||||||||
Orix JREIT, Inc. | 31 | 59,151 | |||||||||
Prologis, Inc. | 8,068 | 1,033,027 | |||||||||
Realty Income Corp. | 2,343 | 164,689 | |||||||||
Rexford Industrial Realty, Inc. | 2,148 | 132,145 | |||||||||
Ryman Hospitality Properties, Inc.(4) | 766 | 58,752 | |||||||||
SBA Communications Corp. | 260 | 88,657 | |||||||||
Segro plc | 7,769 | 131,329 | |||||||||
Shaftesbury plc(5) | 7,835 | 64,224 | |||||||||
Simon Property Group, Inc. | 1,624 | 205,469 |
Shares/Principal Amount | Value | ||||||||||
SL Green Realty Corp. | 846 | $ | 62,993 | ||||||||
SOSiLA Logistics REIT, Inc. | 54 | 84,744 | |||||||||
Sun Communities, Inc. | 1,169 | 229,253 | |||||||||
Tritax Big Box REIT plc | 9,665 | 28,276 | |||||||||
UDR, Inc. | 5,366 | 295,076 | |||||||||
Urban Edge Properties | 4,265 | 81,035 | |||||||||
Ventas, Inc. | 1,808 | 108,082 | |||||||||
VICI Properties, Inc. | 3,415 | 106,514 | |||||||||
Welltower, Inc. | 2,870 | 249,288 | |||||||||
Weyerhaeuser Co. | 2,121 | 71,541 | |||||||||
Workspace Group plc | 6,647 | 79,617 | |||||||||
Xenia Hotels & Resorts, Inc.(4) | 4,713 | 83,326 | |||||||||
8,269,238 | |||||||||||
Food and Staples Retailing — 0.2% | |||||||||||
Costco Wholesale Corp. | 282 | 121,181 | |||||||||
Koninklijke Ahold Delhaize NV | 14,724 | 457,693 | |||||||||
MARR SpA(4) | 836 | 19,402 | |||||||||
Matsumotokiyoshi Holdings Co. Ltd. | 600 | 26,659 | |||||||||
Sysco Corp. | 4,468 | 331,526 | |||||||||
Zur Rose Group AG(4) | 269 | 100,024 | |||||||||
1,056,485 | |||||||||||
Food Products — 0.3% | |||||||||||
Bakkafrost P/F | 423 | 35,948 | |||||||||
Beyond Meat, Inc.(4) | 55 | 6,748 | |||||||||
Conagra Brands, Inc. | 12,986 | 434,901 | |||||||||
General Mills, Inc. | 2,524 | 148,563 | |||||||||
Glanbia plc | 1,504 | 25,819 | |||||||||
J.M. Smucker Co. (The) | 1,541 | 202,041 | |||||||||
Kellogg Co. | 2,448 | 155,105 | |||||||||
Mondelez International, Inc., Class A | 2,654 | 167,892 | |||||||||
Orkla ASA | 18,739 | 170,195 | |||||||||
Vital Farms, Inc.(4) | 740 | 12,883 | |||||||||
Whole Earth Brands, Inc.(4) | 3,230 | 41,538 | |||||||||
1,401,633 | |||||||||||
Gas Utilities — 0.1% | |||||||||||
Atmos Energy Corp. | 1,988 | 195,997 | |||||||||
Nippon Gas Co. Ltd. | 1,800 | 28,431 | |||||||||
Spire, Inc. | 2,608 | 185,038 | |||||||||
409,466 | |||||||||||
Health Care Equipment and Supplies — 0.7% | |||||||||||
Align Technology, Inc.(4) | 206 | 143,335 | |||||||||
Arjo AB, B Shares | 927 | 11,710 | |||||||||
Baxter International, Inc. | 1,727 | 133,583 | |||||||||
Becton Dickinson and Co. | 1,058 | 270,584 | |||||||||
DexCom, Inc.(4) | 389 | 200,533 | |||||||||
Eargo, Inc.(4)(5) | 1,058 | 38,088 | |||||||||
Edwards Lifesciences Corp.(4) | 1,931 | 216,793 | |||||||||
Elekta AB, B Shares | 825 | 12,041 | |||||||||
Envista Holdings Corp.(4) | 2,755 | 118,685 | |||||||||
IDEXX Laboratories, Inc.(4) | 384 | 260,556 | |||||||||
Inmode Ltd.(4) | 286 | 32,510 |
Shares/Principal Amount | Value | ||||||||||
Koninklijke Philips NV | 3,618 | $ | 166,573 | ||||||||
Medtronic plc | 1,392 | 182,784 | |||||||||
NeuroPace, Inc.(4) | 1,500 | 31,950 | |||||||||
Olympus Corp. | 4,200 | 86,433 | |||||||||
Ortho Clinical Diagnostics Holdings plc(4) | 2,901 | 65,185 | |||||||||
OrthoPediatrics Corp.(4) | 488 | 30,666 | |||||||||
ResMed, Inc. | 181 | 49,196 | |||||||||
Silk Road Medical, Inc.(4) | 966 | 48,474 | |||||||||
Tandem Diabetes Care, Inc.(4) | 809 | 87,914 | |||||||||
Teleflex, Inc. | 335 | 133,139 | |||||||||
Zimmer Biomet Holdings, Inc. | 4,720 | 771,342 | |||||||||
3,092,074 | |||||||||||
Health Care Providers and Services — 0.9% | |||||||||||
Alfresa Holdings Corp. | 6,300 | 95,948 | |||||||||
Amedisys, Inc.(4) | 506 | 131,874 | |||||||||
Amvis Holdings, Inc. | 200 | 11,038 | |||||||||
ATI Physical Therapy, Inc.(4)(5) | 4,361 | 14,871 | |||||||||
Cano Health, Inc.(4) | 2,089 | 22,457 | |||||||||
Cardinal Health, Inc. | 6,718 | 398,915 | |||||||||
Centene Corp.(4) | 2,643 | 181,336 | |||||||||
Chartwell Retirement Residences | 6,144 | 64,562 | |||||||||
Cigna Corp. | 1,051 | 241,194 | |||||||||
Covetrus, Inc.(4) | 298 | 7,587 | |||||||||
CVS Health Corp. | 2,279 | 187,698 | |||||||||
Encompass Health Corp. | 2,656 | 221,112 | |||||||||
Ensign Group, Inc. (The) | 481 | 40,919 | |||||||||
HealthEquity, Inc.(4) | 1,114 | 82,414 | |||||||||
Henry Schein, Inc.(4) | 4,905 | 393,136 | |||||||||
Humana, Inc. | 229 | 97,522 | |||||||||
McKesson Corp. | 1,475 | 300,649 | |||||||||
Option Care Health, Inc.(4) | 2,614 | 54,162 | |||||||||
Quest Diagnostics, Inc. | 3,400 | 482,120 | |||||||||
R1 RCM, Inc.(4) | 5,983 | 128,096 | |||||||||
RadNet, Inc.(4) | 1,644 | 60,400 | |||||||||
UnitedHealth Group, Inc. | 694 | 286,081 | |||||||||
Universal Health Services, Inc., Class B | 2,877 | 461,500 | |||||||||
3,965,591 | |||||||||||
Health Care Technology — 0.2% | |||||||||||
Cerner Corp. | 5,969 | 479,848 | |||||||||
Health Catalyst, Inc.(4) | 1,355 | 78,671 | |||||||||
OptimizeRx Corp.(4) | 596 | 32,941 | |||||||||
Veeva Systems, Inc., Class A(4) | 723 | 240,549 | |||||||||
832,009 | |||||||||||
Hotels, Restaurants and Leisure — 0.4% | |||||||||||
Autogrill SpA(4)(5) | 3,146 | 22,073 | |||||||||
Basic-Fit NV(4)(5) | 449 | 20,753 | |||||||||
Booking Holdings, Inc.(4) | 61 | 132,874 | |||||||||
Brinker International, Inc.(4) | 695 | 37,766 | |||||||||
Chipotle Mexican Grill, Inc.(4) | 167 | 311,194 | |||||||||
Churchill Downs, Inc. | 317 | 58,899 | |||||||||
Corporate Travel Management Ltd.(4) | 1,004 | 16,028 |
Shares/Principal Amount | Value | ||||||||||
Cracker Barrel Old Country Store, Inc. | 554 | $ | 75,444 | ||||||||
Expedia Group, Inc.(4) | 1,004 | 161,513 | |||||||||
Food & Life Cos. Ltd. | 800 | 32,596 | |||||||||
Greggs plc(4) | 833 | 31,919 | |||||||||
Hilton Worldwide Holdings, Inc.(4) | 1,031 | 135,525 | |||||||||
Las Vegas Sands Corp.(4) | 2,557 | 108,289 | |||||||||
Planet Fitness, Inc., Class A(4) | 627 | 47,169 | |||||||||
SeaWorld Entertainment, Inc.(4) | 539 | 25,554 | |||||||||
Sodexo SA(4) | 2,731 | 232,696 | |||||||||
Travel + Leisure Co. | 186 | 9,635 | |||||||||
Whitbread plc(4) | 2,599 | 109,849 | |||||||||
Wingstop, Inc. | 337 | 57,731 | |||||||||
Wyndham Hotels & Resorts, Inc. | 942 | 67,880 | |||||||||
1,695,387 | |||||||||||
Household Durables — 0.1% | |||||||||||
Haseko Corp. | 4,400 | 59,542 | |||||||||
Man Wah Holdings Ltd. | 6,000 | 12,039 | |||||||||
Open House Co. Ltd. | 2,900 | 146,623 | |||||||||
Sonos, Inc.(4) | 1,786 | 59,617 | |||||||||
Taylor Wimpey plc | 59,595 | 136,250 | |||||||||
Token Corp. | 300 | 27,083 | |||||||||
441,154 | |||||||||||
Household Products — 0.1% | |||||||||||
Colgate-Palmolive Co. | 1,165 | 92,618 | |||||||||
Kimberly-Clark Corp. | 1,649 | 223,802 | |||||||||
Procter & Gamble Co. (The) | 1,679 | 238,804 | |||||||||
Reynolds Consumer Products, Inc. | 709 | 20,171 | |||||||||
575,395 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
Honeywell International, Inc. | 1,225 | 286,393 | |||||||||
Lifco AB, B Shares | 965 | 28,303 | |||||||||
314,696 | |||||||||||
Insurance — 0.6% | |||||||||||
Aegon NV | 17,657 | 75,176 | |||||||||
Aflac, Inc. | 8,550 | 470,250 | |||||||||
AIA Group Ltd. | 7,600 | 90,940 | |||||||||
Allstate Corp. (The) | 1,639 | 213,152 | |||||||||
Arthur J. Gallagher & Co. | 675 | 94,034 | |||||||||
Chubb Ltd. | 3,109 | 524,613 | |||||||||
Goosehead Insurance, Inc., Class A | 334 | 40,143 | |||||||||
Hartford Financial Services Group, Inc. (The) | 1,866 | 118,715 | |||||||||
Kinsale Capital Group, Inc. | 325 | 58,060 | |||||||||
Marsh & McLennan Cos., Inc. | 685 | 100,846 | |||||||||
Palomar Holdings, Inc.(4) | 508 | 41,366 | |||||||||
Prudential Financial, Inc. | 901 | 90,352 | |||||||||
Reinsurance Group of America, Inc. | 3,392 | 373,731 | |||||||||
Ryan Specialty Group Holdings, Inc., Class A(4) | 1,143 | 33,718 | |||||||||
SelectQuote, Inc.(4) | 3,887 | 69,189 | |||||||||
Storebrand ASA | 2,293 | 19,688 | |||||||||
Travelers Cos., Inc. (The) | 832 | 123,901 | |||||||||
2,537,874 |
Shares/Principal Amount | Value | ||||||||||
Interactive Media and Services — 0.5% | |||||||||||
Alphabet, Inc., Class A(4) | 394 | $ | 1,061,645 | ||||||||
Baidu, Inc., Class A(4) | 7,150 | 146,504 | |||||||||
carsales.com Ltd. | 1,114 | 17,963 | |||||||||
Eventbrite, Inc., Class A(4) | 2,099 | 37,299 | |||||||||
Facebook, Inc., Class A(4) | 885 | 315,326 | |||||||||
fuboTV, Inc.(4)(5) | 1,076 | 28,019 | |||||||||
Match Group, Inc.(4) | 1,234 | 196,539 | |||||||||
Pinterest, Inc., Class A(4) | 2,329 | 137,178 | |||||||||
QuinStreet, Inc.(4) | 4,061 | 74,479 | |||||||||
Tencent Holdings Ltd. | 3,100 | 186,955 | |||||||||
2,201,907 | |||||||||||
Internet and Direct Marketing Retail — 0.3% | |||||||||||
Alibaba Group Holding Ltd.(4) | 5,800 | 141,652 | |||||||||
Amazon.com, Inc.(4) | 258 | 858,518 | |||||||||
ASKUL Corp. | 800 | 12,076 | |||||||||
ASOS plc(4) | 1,519 | 80,320 | |||||||||
BHG Group AB(4) | 376 | 5,799 | |||||||||
Chewy, Inc., Class A(4)(5) | 1,221 | 102,198 | |||||||||
Etsy, Inc.(4) | 690 | 126,622 | |||||||||
Revolve Group, Inc.(4) | 585 | 40,722 | |||||||||
1,367,907 | |||||||||||
IT Services — 0.7% | |||||||||||
Accenture plc, Class A | 808 | 256,685 | |||||||||
Adyen NV(4) | 68 | 184,283 | |||||||||
Alten SA | 171 | 27,183 | |||||||||
Amdocs Ltd. | 1,761 | 135,791 | |||||||||
Atos SE | 1,228 | 58,726 | |||||||||
Capgemini SE | 931 | 201,238 | |||||||||
Capita plc(4) | 48,489 | 23,755 | |||||||||
DigitalOcean Holdings, Inc.(4) | 830 | 42,745 | |||||||||
Edenred | 1,800 | 104,573 | |||||||||
Endava plc, ADR(4) | 249 | 32,026 | |||||||||
EPAM Systems, Inc.(4) | 301 | 168,500 | |||||||||
Euronet Worldwide, Inc.(4) | 839 | 119,826 | |||||||||
GDS Holdings Ltd., Class A(4) | 1,800 | 13,346 | |||||||||
I3 Verticals, Inc., Class A(4) | 2,041 | 65,149 | |||||||||
Indra Sistemas SA(4) | 5,940 | 62,183 | |||||||||
Mastercard, Inc., Class A | 776 | 299,489 | |||||||||
MAXIMUS, Inc. | 944 | 84,016 | |||||||||
Nuvei Corp.(4) | 284 | 23,288 | |||||||||
Okta, Inc.(4) | 746 | 184,851 | |||||||||
PayPal Holdings, Inc.(4) | 1,222 | 336,698 | |||||||||
Perficient, Inc.(4) | 641 | 60,440 | |||||||||
Repay Holdings Corp.(4) | 1,334 | 33,230 | |||||||||
Square, Inc., Class A(4) | 503 | 124,372 | |||||||||
Twilio, Inc., Class A(4) | 388 | 144,953 | |||||||||
Visa, Inc., Class A | 1,295 | 319,075 | |||||||||
3,106,421 | |||||||||||
Leisure Products — 0.1% | |||||||||||
Accell Group NV(4) | 369 | 18,274 | |||||||||
BRP, Inc. | 297 | 24,884 |
Shares/Principal Amount | Value | ||||||||||
Brunswick Corp. | 651 | $ | 67,964 | ||||||||
Callaway Golf Co.(4) | 1,882 | 59,622 | |||||||||
Hayward Holdings, Inc.(4) | 2,971 | 71,571 | |||||||||
Peloton Interactive, Inc., Class A(4) | 497 | 58,671 | |||||||||
Polaris, Inc. | 1,110 | 145,488 | |||||||||
446,474 | |||||||||||
Life Sciences Tools and Services — 0.3% | |||||||||||
10X Genomics, Inc., Class A(4) | 547 | 100,227 | |||||||||
Agilent Technologies, Inc. | 1,560 | 239,039 | |||||||||
Akoya Biosciences, Inc.(4)(5) | 857 | 14,860 | |||||||||
Bio-Techne Corp. | 322 | 155,281 | |||||||||
ICON plc(4) | 317 | 77,116 | |||||||||
Lonza Group AG | 203 | 158,061 | |||||||||
Mettler-Toledo International, Inc.(4) | 155 | 228,425 | |||||||||
NeoGenomics, Inc.(4) | 1,236 | 56,980 | |||||||||
Repligen Corp.(4) | 427 | 104,914 | |||||||||
Thermo Fisher Scientific, Inc. | 397 | 214,384 | |||||||||
Wuxi Biologics Cayman, Inc.(4) | 8,000 | 122,194 | |||||||||
1,471,481 | |||||||||||
Machinery — 0.5% | |||||||||||
ANDRITZ AG | 486 | 26,757 | |||||||||
Astec Industries, Inc. | 606 | 37,154 | |||||||||
Crane Co. | 1,629 | 158,388 | |||||||||
Cummins, Inc. | 1,232 | 285,947 | |||||||||
Evoqua Water Technologies Corp.(4) | 1,740 | 57,437 | |||||||||
FANUC Corp. | 400 | 89,587 | |||||||||
Graco, Inc. | 1,285 | 100,333 | |||||||||
IHI Corp.(4) | 1,200 | 27,756 | |||||||||
IMI plc | 3,331 | 81,493 | |||||||||
Japan Steel Works Ltd. (The) | 600 | 14,760 | |||||||||
Kornit Digital Ltd.(4) | 213 | 28,150 | |||||||||
Metso Outotec Oyj | 3,107 | 35,277 | |||||||||
Oshkosh Corp. | 1,792 | 214,234 | |||||||||
PACCAR, Inc. | 2,041 | 169,383 | |||||||||
Parker-Hannifin Corp. | 1,414 | 441,210 | |||||||||
Rexnord Corp. | 2,107 | 118,687 | |||||||||
Techtronic Industries Co. Ltd. | 8,000 | 142,658 | |||||||||
Timken Co. (The) | 669 | 53,185 | |||||||||
Trelleborg AB, B Shares | 573 | 14,164 | |||||||||
Tsubaki Nakashima Co. Ltd. | 1,500 | 22,612 | |||||||||
2,119,172 | |||||||||||
Media — 0.2% | |||||||||||
Atresmedia Corp. de Medios de Comunicacion SA(4) | 5,878 | 24,301 | |||||||||
Comcast Corp., Class A | 2,312 | 136,015 | |||||||||
Criteo SA, ADR(4) | 328 | 12,723 | |||||||||
Fox Corp., Class B | 9,814 | 326,217 | |||||||||
Future plc | 762 | 36,505 | |||||||||
Nordic Entertainment Group AB, B Shares(4) | 397 | 21,200 | |||||||||
ProSiebenSat.1 Media SE | 626 | 11,893 | |||||||||
Publicis Groupe SA | 2,835 | 178,975 | |||||||||
Storytel AB(4) | 234 | 6,059 | |||||||||
WPP plc | 17,145 | 221,737 | |||||||||
975,625 |
Shares/Principal Amount | Value | ||||||||||
Metals and Mining — 0.1% | |||||||||||
Alamos Gold, Inc. (New York), Class A | 1,604 | $ | 13,025 | ||||||||
APERAM SA | 458 | 28,703 | |||||||||
Mineral Resources Ltd. | 444 | 20,544 | |||||||||
MMC Norilsk Nickel PJSC | 528 | 182,495 | |||||||||
Nickel Mines Ltd. | 6,408 | 5,170 | |||||||||
OZ Minerals Ltd. | 937 | 15,886 | |||||||||
Teck Resources Ltd., Class B | 4,531 | 103,488 | |||||||||
369,311 | |||||||||||
Multi-Utilities — 0.1% | |||||||||||
NorthWestern Corp. | 5,765 | 357,372 | |||||||||
Multiline Retail — 0.1% | |||||||||||
Dollar Tree, Inc.(4) | 3,333 | 332,600 | |||||||||
Isetan Mitsukoshi Holdings Ltd. | 3,400 | 23,023 | |||||||||
Magazine Luiza SA | 20,534 | 81,217 | |||||||||
Marks & Spencer Group plc(4) | 8,260 | 15,550 | |||||||||
Target Corp. | 469 | 122,433 | |||||||||
574,823 | |||||||||||
Oil, Gas and Consumable Fuels — 0.4% | |||||||||||
Cimarex Energy Co. | 1,549 | 100,995 | |||||||||
ConocoPhillips | 10,949 | 613,801 | |||||||||
Devon Energy Corp. | 7,123 | 184,058 | |||||||||
Eni SpA | 6,262 | 74,052 | |||||||||
Matador Resources Co. | 1,604 | 49,563 | |||||||||
Neste Oyj | 2,007 | 123,372 | |||||||||
Pioneer Natural Resources Co. | 1,059 | 153,947 | |||||||||
Surgutneftegas PJSC, Preference Shares | 318,153 | 166,076 | |||||||||
TotalEnergies SE | 4,358 | 190,038 | |||||||||
Whitecap Resources, Inc.(5) | 15,912 | 72,826 | |||||||||
1,728,728 | |||||||||||
Paper and Forest Products — 0.1% | |||||||||||
Mondi plc | 13,270 | 367,894 | |||||||||
Personal Products† | |||||||||||
Estee Lauder Cos., Inc. (The), Class A | 321 | 107,160 | |||||||||
Shiseido Co. Ltd. | 1,600 | 106,937 | |||||||||
214,097 | |||||||||||
Pharmaceuticals — 0.5% | |||||||||||
ALK-Abello A/S(4) | 62 | 30,567 | |||||||||
Arvinas, Inc.(4) | 336 | 33,970 | |||||||||
AstraZeneca plc | 629 | 72,278 | |||||||||
AstraZeneca plc, ADR | 4,513 | 258,324 | |||||||||
Axsome Therapeutics, Inc.(4) | 375 | 18,221 | |||||||||
Bristol-Myers Squibb Co. | 3,165 | 214,809 | |||||||||
Dermapharm Holding SE | 249 | 19,918 | |||||||||
Edgewise Therapeutics, Inc.(4)(5) | 853 | 14,936 | |||||||||
GlaxoSmithKline plc | 18,362 | 362,536 | |||||||||
Harmony Biosciences Holdings, Inc.(4) | 540 | 14,126 | |||||||||
Laboratorios Farmaceuticos Rovi SA | 224 | 15,812 | |||||||||
Merck & Co., Inc. | 2,556 | 196,480 | |||||||||
Novartis AG | 1,418 | 131,134 | |||||||||
Novo Nordisk A/S, B Shares | 2,736 | 253,275 | |||||||||
Reata Pharmaceuticals, Inc., Class A(4) | 185 | 23,182 |
Shares/Principal Amount | Value | ||||||||||
Sanofi | 1,106 | $ | 113,999 | ||||||||
Sanofi, ADR | 3,652 | 188,297 | |||||||||
Takeda Pharmaceutical Co. Ltd. | 5,500 | 183,076 | |||||||||
Zoetis, Inc. | 972 | 197,025 | |||||||||
2,341,965 | |||||||||||
Professional Services — 0.2% | |||||||||||
ASGN, Inc.(4) | 418 | 42,272 | |||||||||
Bureau Veritas SA | 2,985 | 98,576 | |||||||||
CoStar Group, Inc.(4) | 1,260 | 111,951 | |||||||||
DKSH Holding AG | 259 | 21,895 | |||||||||
en Japan, Inc. | 500 | 17,460 | |||||||||
First Advantage Corp.(4) | 2,722 | 53,379 | |||||||||
IHS Markit Ltd. | 585 | 68,351 | |||||||||
IR Japan Holdings Ltd. | 100 | 12,375 | |||||||||
Jacobs Engineering Group, Inc. | 1,221 | 165,140 | |||||||||
Outsourcing, Inc. | 700 | 13,399 | |||||||||
Recruit Holdings Co. Ltd. | 3,400 | 176,224 | |||||||||
Teleperformance | 317 | 133,710 | |||||||||
TransUnion | 683 | 82,001 | |||||||||
Verisk Analytics, Inc. | 477 | 90,601 | |||||||||
1,087,334 | |||||||||||
Real Estate Management and Development — 0.1% | |||||||||||
Altus Group Ltd. | 644 | 30,311 | |||||||||
CapitaLand Ltd. | 17,200 | 51,101 | |||||||||
Colliers International Group, Inc.(5) | 238 | 30,604 | |||||||||
Colliers International Group, Inc. (Toronto) | 245 | 31,436 | |||||||||
CTP NV(4) | 3,029 | 61,057 | |||||||||
ESR Cayman Ltd.(4) | 12,600 | 44,287 | |||||||||
Fastighets AB Balder, B Shares(4) | 304 | 20,978 | |||||||||
FirstService Corp. | 104 | 19,371 | |||||||||
Newmark Group, Inc., Class A | 1,967 | 25,335 | |||||||||
Relo Group, Inc. | 500 | 11,034 | |||||||||
Samhallsbyggnadsbolaget i Norden AB(5) | 7,052 | 35,330 | |||||||||
Savills plc | 1,097 | 17,520 | |||||||||
Tokyu Fudosan Holdings Corp. | 13,400 | 75,648 | |||||||||
Tricon Residential, Inc. | 11,135 | 133,431 | |||||||||
VGP NV | 172 | 35,410 | |||||||||
622,853 | |||||||||||
Road and Rail — 0.1% | |||||||||||
Heartland Express, Inc. | 9,757 | 166,162 | |||||||||
Nagoya Railroad Co. Ltd.(4) | 600 | 10,104 | |||||||||
Norfolk Southern Corp. | 553 | 142,580 | |||||||||
TFI International, Inc. | 252 | 28,209 | |||||||||
Union Pacific Corp. | 521 | 113,974 | |||||||||
461,029 | |||||||||||
Semiconductors and Semiconductor Equipment — 0.6% | |||||||||||
Advanced Micro Devices, Inc.(4) | 1,116 | 118,508 | |||||||||
Allegro MicroSystems, Inc.(4) | 797 | 21,846 | |||||||||
Applied Materials, Inc. | 1,317 | 184,288 | |||||||||
ASM International NV | 35 | 12,422 | |||||||||
ASML Holding NV | 356 | 272,121 |
Shares/Principal Amount | Value | ||||||||||
BE Semiconductor Industries NV | 327 | $ | 28,697 | ||||||||
Enphase Energy, Inc.(4) | 1,095 | 207,612 | |||||||||
Ichor Holdings Ltd.(4) | 636 | 32,798 | |||||||||
Infineon Technologies AG | 3,209 | 122,629 | |||||||||
MACOM Technology Solutions Holdings, Inc.(4) | 1,182 | 72,953 | |||||||||
Marvell Technology, Inc. | 3,096 | 187,339 | |||||||||
Nova Ltd.(4) | 334 | 32,665 | |||||||||
NVIDIA Corp. | 2,132 | 415,719 | |||||||||
Onto Innovation, Inc.(4) | 939 | 65,805 | |||||||||
Optorun Co. Ltd. | 300 | 6,045 | |||||||||
Power Integrations, Inc. | 294 | 28,515 | |||||||||
Semtech Corp.(4) | 1,135 | 70,268 | |||||||||
Skyworks Solutions, Inc. | 1,106 | 204,068 | |||||||||
SOITEC(4) | 107 | 25,653 | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 10,000 | 208,995 | |||||||||
Teradyne, Inc. | 881 | 111,887 | |||||||||
Texas Instruments, Inc. | 1,185 | 225,885 | |||||||||
2,656,718 | |||||||||||
Software — 1.2% | |||||||||||
Adobe, Inc.(4) | 360 | 223,787 | |||||||||
Atlassian Corp. plc, Class A(4) | 655 | 212,954 | |||||||||
Autodesk, Inc.(4) | 645 | 207,129 | |||||||||
Cadence Design Systems, Inc.(4) | 2,301 | 339,743 | |||||||||
CDK Global, Inc. | 3,348 | 160,671 | |||||||||
Cloudflare, Inc., Class A(4) | 672 | 79,719 | |||||||||
Coupa Software, Inc.(4) | 319 | 69,223 | |||||||||
Dassault Systemes SE | 2,235 | 123,287 | |||||||||
Descartes Systems Group, Inc. (The)(4) | 343 | 24,878 | |||||||||
DocuSign, Inc.(4) | 1,109 | 330,526 | |||||||||
Everbridge, Inc.(4) | 223 | 31,492 | |||||||||
Five9, Inc.(4) | 337 | 67,835 | |||||||||
HubSpot, Inc.(4) | 490 | 292,050 | |||||||||
Lightspeed POS, Inc.(4) | 350 | 29,970 | |||||||||
m-up Holdings, Inc. | 400 | 12,042 | |||||||||
Manhattan Associates, Inc.(4) | 2,281 | 364,116 | |||||||||
Microsoft Corp. | 6,054 | 1,724,845 | |||||||||
Model N, Inc.(4) | 1,374 | 44,476 | |||||||||
nCino, Inc.(4) | 759 | 48,250 | |||||||||
Open Text Corp. | 3,987 | 206,965 | |||||||||
Palo Alto Networks, Inc.(4) | 760 | 303,278 | |||||||||
Paycor HCM, Inc.(4) | 1,110 | 30,525 | |||||||||
Paylocity Holding Corp.(4) | 339 | 70,329 | |||||||||
RingCentral, Inc., Class A(4) | 468 | 125,082 | |||||||||
SailPoint Technologies Holdings, Inc.(4) | 1,391 | 69,536 | |||||||||
salesforce.com, Inc.(4) | 538 | 130,158 | |||||||||
Sprinklr, Inc., Class A(4) | 1,699 | 32,859 | |||||||||
Sprout Social, Inc., Class A(4) | 1,235 | 109,717 | |||||||||
Workday, Inc., Class A(4) | 189 | 44,302 | |||||||||
5,509,744 | |||||||||||
Specialty Retail — 0.5% | |||||||||||
Advance Auto Parts, Inc. | 2,233 | 473,530 |
Shares/Principal Amount | Value | ||||||||||
American Eagle Outfitters, Inc.(5) | 2,186 | $ | 75,351 | ||||||||
Arko Corp.(4) | 3,898 | 32,353 | |||||||||
Burlington Stores, Inc.(4) | 693 | 232,016 | |||||||||
Carvana Co.(4) | 369 | 124,560 | |||||||||
Five Below, Inc.(4) | 516 | 100,321 | |||||||||
Floor & Decor Holdings, Inc., Class A(4) | 1,175 | 143,362 | |||||||||
Home Depot, Inc. (The) | 1,514 | 496,880 | |||||||||
Leslie's, Inc.(4) | 3,088 | 75,193 | |||||||||
Lithia Motors, Inc. | 96 | 36,213 | |||||||||
Musti Group Oyj(4) | 668 | 27,573 | |||||||||
National Vision Holdings, Inc.(4) | 1,133 | 61,159 | |||||||||
Nextage Co. Ltd. | 1,300 | 26,738 | |||||||||
Pets at Home Group plc | 4,270 | 27,741 | |||||||||
TJX Cos., Inc. (The) | 2,176 | 149,730 | |||||||||
Tractor Supply Co. | 347 | 62,783 | |||||||||
Watches of Switzerland Group plc(4) | 2,342 | 32,756 | |||||||||
WH Smith plc(4) | 517 | 11,660 | |||||||||
2,189,919 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.3% | |||||||||||
Apple, Inc. | 5,938 | 866,117 | |||||||||
HP, Inc. | 9,654 | 278,711 | |||||||||
1,144,828 | |||||||||||
Textiles, Apparel and Luxury Goods — 0.3% | |||||||||||
ANTA Sports Products Ltd. | 7,000 | 152,399 | |||||||||
Asics Corp. | 1,000 | 22,085 | |||||||||
Capri Holdings Ltd.(4) | 857 | 48,258 | |||||||||
Crocs, Inc.(4) | 702 | 95,339 | |||||||||
Dr. Martens plc(4) | 2,982 | 17,970 | |||||||||
lululemon athletica, Inc.(4) | 543 | 217,292 | |||||||||
LVMH Moet Hennessy Louis Vuitton SE | 209 | 167,339 | |||||||||
NIKE, Inc., Class B | 1,837 | 307,716 | |||||||||
Pandora A/S | 273 | 35,314 | |||||||||
Puma SE | 1,111 | 136,286 | |||||||||
VF Corp. | 1,218 | 97,684 | |||||||||
1,297,682 | |||||||||||
Thrifts and Mortgage Finance† | |||||||||||
Capitol Federal Financial, Inc. | 6,540 | 72,529 | |||||||||
NMI Holdings, Inc., Class A(4) | 1,151 | 25,345 | |||||||||
97,874 | |||||||||||
Trading Companies and Distributors — 0.2% | |||||||||||
AddTech AB, B Shares | 788 | 16,396 | |||||||||
Ashtead Group plc | 1,704 | 127,509 | |||||||||
Beacon Roofing Supply, Inc.(4) | 1,378 | 73,695 | |||||||||
Diploma plc | 733 | 30,111 | |||||||||
Electrocomponents plc | 2,240 | 31,646 | |||||||||
Finning International, Inc. | 2,525 | 65,291 | |||||||||
Grafton Group plc | 2,327 | 41,515 | |||||||||
Howden Joinery Group plc | 2,875 | 35,827 | |||||||||
MSC Industrial Direct Co., Inc., Class A | 4,043 | 360,514 | |||||||||
NOW, Inc.(4) | 1,904 | 18,793 | |||||||||
Seven Group Holdings Ltd.(5) | 791 | 13,566 | |||||||||
W.W. Grainger, Inc. | 308 | 136,931 |
Shares/Principal Amount | Value | ||||||||||
Yamazen Corp. | 2,100 | $ | 19,818 | ||||||||
971,612 | |||||||||||
TOTAL COMMON STOCKS (Cost $56,684,952) | 85,855,539 | ||||||||||
CORPORATE BONDS — 8.1% | |||||||||||
Aerospace and Defense — 0.1% | |||||||||||
Boeing Co. (The), 5.81%, 5/1/50 | $ | 100,000 | 136,631 | ||||||||
Howmet Aerospace, Inc., 5.125%, 10/1/24 | 50,000 | 55,109 | |||||||||
TransDigm, Inc., 4.625%, 1/15/29(6) | 390,000 | 389,528 | |||||||||
581,268 | |||||||||||
Airlines — 0.1% | |||||||||||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(6) | 432,000 | 452,520 | |||||||||
United Airlines Holdings, Inc., 5.00%, 2/1/24 | 45,000 | 46,730 | |||||||||
499,250 | |||||||||||
Automobiles — 0.2% | |||||||||||
BMW Finance NV, MTN, 1.00%, 2/15/22 | EUR | 40,000 | 47,826 | ||||||||
BMW Finance NV, MTN, 0.875%, 4/3/25 | EUR | 50,000 | 61,858 | ||||||||
Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | $ | 460,000 | 477,303 | ||||||||
General Motors Co., 5.15%, 4/1/38 | 290,000 | 356,625 | |||||||||
943,612 | |||||||||||
Banks — 1.1% | |||||||||||
Akbank T.A.S., 5.00%, 10/24/22 | 50,000 | 51,438 | |||||||||
Avi Funding Co. Ltd., 3.80%, 9/16/25(6) | 102,000 | 112,691 | |||||||||
Banco Santander SA, MTN, 2.50%, 3/18/25 | EUR | 200,000 | 257,658 | ||||||||
Bank of America Corp., MTN, 2.30%, 7/25/25 | GBP | 100,000 | 146,874 | ||||||||
Bank of America Corp., MTN, VRN, 2.68%, 6/19/41 | $ | 465,000 | 459,748 | ||||||||
Barclays plc, MTN, VRN, 2.00%, 2/7/28 | EUR | 200,000 | 243,203 | ||||||||
CaixaBank SA, MTN, VRN, 2.75%, 7/14/28 | EUR | 100,000 | 123,960 | ||||||||
CaixaBank SA, MTN, VRN, 2.25%, 4/17/30 | EUR | 100,000 | 125,002 | ||||||||
Citigroup, Inc., VRN, 3.52%, 10/27/28 | $ | 315,000 | 347,391 | ||||||||
Co-Operative Bank plc (The), 4.75%, 11/11/21 (Secured) | GBP | 200,000 | 280,951 | ||||||||
Commerzbank AG, MTN, 4.00%, 3/23/26 | EUR | 220,000 | 296,283 | ||||||||
Credit Agricole SA, MTN, 7.375%, 12/18/23 | GBP | 100,000 | 159,849 | ||||||||
European Financial Stability Facility, MTN, 2.125%, 2/19/24 | EUR | 351,000 | 445,196 | ||||||||
European Financial Stability Facility, MTN, 0.40%, 5/31/26 | EUR | 400,000 | 494,996 | ||||||||
European Financial Stability Facility, MTN, 2.35%, 7/29/44 | EUR | 62,000 | 105,616 | ||||||||
HSBC Bank plc, MTN, VRN, 5.375%, 11/4/30 | GBP | 90,000 | 146,318 | ||||||||
ING Groep NV, MTN, 2.125%, 1/10/26 | EUR | 300,000 | 390,870 | ||||||||
Intercorp Financial Services, Inc., 4.125%, 10/19/27(6) | $ | 125,000 | 126,324 | ||||||||
Kreditanstalt fuer Wiederaufbau, 4.625%, 1/4/23 | EUR | 250,000 | 318,949 | ||||||||
Lloyds Bank plc, MTN, 7.625%, 4/22/25 | GBP | 80,000 | 137,556 | ||||||||
Wells Fargo & Co., VRN, 3.07%, 4/30/41 | $ | 430,000 | 451,572 | ||||||||
5,222,445 | |||||||||||
Beverages — 0.1% | |||||||||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46 | 180,000 | 231,198 | |||||||||
Biotechnology — 0.2% | |||||||||||
AbbVie, Inc., 4.55%, 3/15/35 | 80,000 | 98,316 | |||||||||
AbbVie, Inc., 4.40%, 11/6/42 | 385,000 | 475,226 |
Shares/Principal Amount | Value | ||||||||||
Gilead Sciences, Inc., 3.65%, 3/1/26 | $ | 230,000 | $ | 255,128 | |||||||
828,670 | |||||||||||
Capital Markets — 0.2% | |||||||||||
Criteria Caixa SA, MTN, 1.50%, 5/10/23 | EUR | 100,000 | 122,111 | ||||||||
Goldman Sachs Group, Inc. (The), 5.50%, 10/12/21 | GBP | 50,000 | 70,137 | ||||||||
Goldman Sachs Group, Inc. (The), VRN, 1.43%, 3/9/27 | $ | 155,000 | 155,835 | ||||||||
LPL Holdings, Inc., 4.375%, 5/15/31(6) | 533,000 | 547,005 | |||||||||
MDGH - GMTN B.V., 3.25%, 4/28/22(6) | 41,000 | 41,898 | |||||||||
936,986 | |||||||||||
Chemicals — 0.1% | |||||||||||
Dow Chemical Co. (The), 3.60%, 11/15/50 | 220,000 | 245,485 | |||||||||
Equate Petrochemical BV, 4.25%, 11/3/26(6) | 34,000 | 37,843 | |||||||||
283,328 | |||||||||||
Commercial Services and Supplies — 0.1% | |||||||||||
Sodexo, Inc., 2.72%, 4/16/31(6) | 370,000 | 383,864 | |||||||||
Waste Management, Inc., 2.50%, 11/15/50 | 160,000 | 154,517 | |||||||||
538,381 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
Navient Corp., 4.875%, 3/15/28 | 525,000 | 530,263 | |||||||||
Containers and Packaging — 0.1% | |||||||||||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc, 4.00%, 9/1/29(6) | 322,000 | 323,207 | |||||||||
Mauser Packaging Solutions Holding Co., 5.50%, 4/15/24(6) | 10,000 | 10,075 | |||||||||
Sealed Air Corp., 5.125%, 12/1/24(6) | 25,000 | 27,203 | |||||||||
360,485 | |||||||||||
Diversified Consumer Services† | |||||||||||
Duke University, 3.30%, 10/1/46 | 60,000 | 68,071 | |||||||||
Diversified Financial Services — 1.0% | |||||||||||
Fiore Capital LLC, VRDN, 0.12%, 8/6/21 (LOC: Wells Fargo Bank N.A.) | 1,500,000 | 1,500,000 | |||||||||
Gulf Gate Apartments LLC, VRN, 0.09%, (Acquired 9/29/03 - 11/10/03, Cost $3,000,000), 9/1/28(7) | 3,000,000 | 3,000,000 | |||||||||
4,500,000 | |||||||||||
Diversified Telecommunication Services — 0.3% | |||||||||||
Altice France SA, 7.375%, 5/1/26(6) | 35,000 | 36,444 | |||||||||
AT&T, Inc., 2.60%, 12/17/29 | EUR | 100,000 | 138,981 | ||||||||
AT&T, Inc., 3.55%, 9/15/55(6) | $ | 207,000 | 214,316 | ||||||||
Deutsche Telekom International Finance BV, MTN, 1.25%, 10/6/23 | GBP | 50,000 | 70,552 | ||||||||
Deutsche Telekom International Finance BV, MTN, 0.875%, 1/30/24 | EUR | 40,000 | 48,859 | ||||||||
Hughes Satellite Systems Corp., 5.25%, 8/1/26 | $ | 25,000 | 27,988 | ||||||||
Level 3 Financing, Inc., 4.625%, 9/15/27(6) | 232,000 | 241,312 | |||||||||
Lumen Technologies, Inc., 5.80%, 3/15/22 | 5,000 | 5,137 | |||||||||
Ooredoo International Finance Ltd., 3.75%, 6/22/26(6) | 61,000 | 67,565 | |||||||||
Turk Telekomunikasyon AS, 4.875%, 6/19/24(6) | 80,000 | 83,871 | |||||||||
Verizon Communications, Inc., 1.75%, 1/20/31 | 180,000 | 174,985 | |||||||||
Verizon Communications, Inc., 2.99%, 10/30/56 | 255,000 | 248,487 | |||||||||
1,358,497 | |||||||||||
Electric Utilities — 0.3% | |||||||||||
Duke Energy Carolinas LLC, 3.20%, 8/15/49 | 190,000 | 206,671 |
Shares/Principal Amount | Value | ||||||||||
Duke Energy Florida LLC, 3.85%, 11/15/42 | $ | 80,000 | $ | 95,469 | |||||||
Duke Energy Progress LLC, 4.15%, 12/1/44 | 9,000 | 11,127 | |||||||||
Exelon Corp., 4.45%, 4/15/46 | 90,000 | 112,188 | |||||||||
Greenko Investment Co., 4.875%, 8/16/23(6) | 41,000 | 41,485 | |||||||||
Israel Electric Corp. Ltd., 6.875%, 6/21/23(6) | 41,000 | 45,671 | |||||||||
MidAmerican Energy Co., 4.40%, 10/15/44 | 40,000 | 50,703 | |||||||||
NextEra Energy Operating Partners LP, 4.50%, 9/15/27(6) | 50,000 | 54,045 | |||||||||
Northern States Power Co., 3.20%, 4/1/52 | 120,000 | 133,898 | |||||||||
PacifiCorp, 2.90%, 6/15/52 | 130,000 | 132,929 | |||||||||
Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, MTN, 3.00%, 6/30/30 | 375,000 | 376,320 | |||||||||
Southern Co. Gas Capital Corp., 3.95%, 10/1/46 | 30,000 | 34,451 | |||||||||
Virginia Electric and Power Co., 2.45%, 12/15/50 | 110,000 | 104,104 | |||||||||
1,399,061 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 0.3% | |||||||||||
EPR Properties, 4.95%, 4/15/28 | 506,000 | 547,930 | |||||||||
IIP Operating Partnership LP, 5.50%, 5/25/26(6) | 230,000 | 240,683 | |||||||||
Iron Mountain, Inc., 4.875%, 9/15/29(6) | 495,000 | 519,240 | |||||||||
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24 | 20,000 | 21,673 | |||||||||
1,329,526 | |||||||||||
Food and Staples Retailing† | |||||||||||
Kroger Co. (The), 3.875%, 10/15/46 | 110,000 | 124,023 | |||||||||
Tesco plc, MTN, 5.00%, 3/24/23 | GBP | 50,000 | 74,374 | ||||||||
198,397 | |||||||||||
Food Products — 0.1% | |||||||||||
Lamb Weston Holdings, Inc., 4.625%, 11/1/24(6) | $ | 70,000 | 71,922 | ||||||||
MHP SE, 7.75%, 5/10/24(6) | 51,000 | 55,180 | |||||||||
Post Holdings, Inc., 4.625%, 4/15/30(6) | 280,000 | 285,627 | |||||||||
412,729 | |||||||||||
Gas Utilities† | |||||||||||
Perusahaan Gas Negara Tbk PT, 5.125%, 5/16/24 | 82,000 | 90,622 | |||||||||
Health Care Providers and Services — 0.4% | |||||||||||
CHS / Community Health Systems, Inc., 8.00%, 12/15/27(6) | 14,000 | 15,517 | |||||||||
CHS / Community Health Systems, Inc., 6.875%, 4/1/28(6) | 35,000 | 34,648 | |||||||||
CVS Health Corp., 4.30%, 3/25/28 | 74,000 | 85,752 | |||||||||
CVS Health Corp., 4.78%, 3/25/38 | 310,000 | 389,754 | |||||||||
DaVita, Inc., 4.625%, 6/1/30(6) | 370,000 | 382,950 | |||||||||
Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 130,000 | 138,004 | |||||||||
Team Health Holdings, Inc., 6.375%, 2/1/25(6) | 10,000 | 9,288 | |||||||||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 40,000 | 43,450 | |||||||||
Tenet Healthcare Corp., 6.125%, 10/1/28(6) | 310,000 | 330,551 | |||||||||
Universal Health Services, Inc., 2.65%, 10/15/30(6) | 420,000 | 427,999 | |||||||||
1,857,913 | |||||||||||
Hotels, Restaurants and Leisure — 0.2% | |||||||||||
1011778 BC ULC / New Red Finance, Inc., 4.375%, 1/15/28(6) | 168,000 | 170,738 | |||||||||
Caesars Resort Collection LLC / CRC Finco, Inc., 5.25%, 10/15/25(6) | 405,000 | 408,811 | |||||||||
Golden Nugget, Inc., 6.75%, 10/15/24(6) | 30,000 | 30,113 | |||||||||
MGM Resorts International, 6.00%, 3/15/23 | 30,000 | 31,738 | |||||||||
MGM Resorts International, 4.625%, 9/1/26 | 8,000 | 8,350 |
Shares/Principal Amount | Value | ||||||||||
Penn National Gaming, Inc., 5.625%, 1/15/27(6) | $ | 35,000 | $ | 36,313 | |||||||
Penn National Gaming, Inc., 4.125%, 7/1/29(6) | 54,000 | 53,309 | |||||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25(6) | 55,000 | 58,231 | |||||||||
797,603 | |||||||||||
Household Durables — 0.1% | |||||||||||
KB Home, 4.80%, 11/15/29 | 355,000 | 387,838 | |||||||||
Meritage Homes Corp., 5.125%, 6/6/27 | 40,000 | 45,100 | |||||||||
432,938 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
General Electric Co., 4.35%, 5/1/50 | 230,000 | 283,945 | |||||||||
Insurance — 0.1% | |||||||||||
American International Group, Inc., 6.25%, 5/1/36 | 250,000 | 354,725 | |||||||||
AXA SA, MTN, VRN, 3.375%, 7/6/47 | EUR | 200,000 | 274,619 | ||||||||
629,344 | |||||||||||
Interactive Media and Services† | |||||||||||
Tencent Holdings Ltd., 3.80%, 2/11/25(6) | $ | 61,000 | 66,373 | ||||||||
Internet and Direct Marketing Retail — 0.1% | |||||||||||
Alibaba Group Holding Ltd., 2.80%, 6/6/23 | 140,000 | 145,281 | |||||||||
Prosus NV, 3.68%, 1/21/30(6) | 375,000 | 395,535 | |||||||||
540,816 | |||||||||||
IT Services† | |||||||||||
International Business Machines Corp., 1.75%, 3/7/28 | EUR | 100,000 | 131,941 | ||||||||
Life Sciences Tools and Services — 0.1% | |||||||||||
Agilent Technologies, Inc., 2.30%, 3/12/31 | $ | 400,000 | 408,871 | ||||||||
Media — 0.5% | |||||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28(6) | 100,000 | 104,975 | |||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 4.25%, 2/1/31(6) | 380,000 | 392,547 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 6.48%, 10/23/45 | 20,000 | 28,204 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 5.125%, 7/1/49 | 160,000 | 194,600 | |||||||||
CSC Holdings LLC, 5.25%, 6/1/24 | 230,000 | 248,802 | |||||||||
DISH DBS Corp., 7.75%, 7/1/26 | 200,000 | 228,500 | |||||||||
Gray Television, Inc., 5.875%, 7/15/26(6) | 40,000 | 41,350 | |||||||||
Lamar Media Corp., 3.75%, 2/15/28 | 255,000 | 259,666 | |||||||||
TEGNA, Inc., 4.625%, 3/15/28 | 412,000 | 425,034 | |||||||||
ViacomCBS, Inc., 4.375%, 3/15/43 | 120,000 | 142,220 | |||||||||
WPP Finance 2013, MTN, 3.00%, 11/20/23 | EUR | 100,000 | 127,575 | ||||||||
2,193,473 | |||||||||||
Metals and Mining — 0.3% | |||||||||||
Alcoa Nederland Holding BV, 4.125%, 3/31/29(6) | $ | 200,000 | 210,906 | ||||||||
Cleveland-Cliffs, Inc., 4.625%, 3/1/29(6) | 330,000 | 350,660 | |||||||||
First Quantum Minerals Ltd., 7.25%, 4/1/23 | 50,000 | 51,000 | |||||||||
First Quantum Minerals Ltd., 6.50%, 3/1/24(6) | 110,000 | 112,307 | |||||||||
Minera Mexico SA de CV, 4.50%, 1/26/50(6) | 375,000 | 421,526 | |||||||||
Teck Resources Ltd., 6.25%, 7/15/41 | 180,000 | 243,023 | |||||||||
1,389,422 | |||||||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.1% | |||||||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.75%, 6/15/29(6) | 450,000 | 448,875 |
Shares/Principal Amount | Value | ||||||||||
Multi-Utilities — 0.1% | |||||||||||
Dominion Energy, Inc., 4.90%, 8/1/41 | $ | 70,000 | $ | 91,813 | |||||||
NiSource, Inc., 5.65%, 2/1/45 | 140,000 | 197,032 | |||||||||
288,845 | |||||||||||
Oil, Gas and Consumable Fuels — 0.5% | |||||||||||
Antero Resources Corp., 7.625%, 2/1/29(6) | 153,000 | 167,917 | |||||||||
BP Capital Markets America, Inc., 3.06%, 6/17/41 | 130,000 | 134,224 | |||||||||
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | 25,000 | 25,624 | |||||||||
Enterprise Products Operating LLC, 4.85%, 3/15/44 | 220,000 | 276,080 | |||||||||
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(6) | 375,000 | 378,494 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 6.51%, 3/7/22(6) | 56,000 | 57,922 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 7.29%, 8/16/37(6) | 56,000 | 78,322 | |||||||||
Kinder Morgan Energy Partners LP, 6.50%, 9/1/39 | 130,000 | 185,227 | |||||||||
MEG Energy Corp., 6.50%, 1/15/25(6) | 17,000 | 17,588 | |||||||||
MEG Energy Corp., 5.875%, 2/1/29(6) | 160,000 | 165,618 | |||||||||
Petroleos Mexicanos, 6.50%, 3/13/27 | 55,000 | 58,314 | |||||||||
Saudi Arabian Oil Co., MTN, 4.25%, 4/16/39 | 375,000 | 425,583 | |||||||||
SM Energy Co., 5.00%, 1/15/24 | 25,000 | 24,920 | |||||||||
Southwestern Energy Co., 6.45%, 1/23/25 | 35,000 | 38,367 | |||||||||
Suncor Energy, Inc., 3.75%, 3/4/51 | 80,000 | 88,925 | |||||||||
2,123,125 | |||||||||||
Pharmaceuticals — 0.2% | |||||||||||
Astrazeneca Finance LLC, 1.75%, 5/28/28 | 400,000 | 407,373 | |||||||||
Bausch Health Cos., Inc., 6.125%, 4/15/25(6) | 78,000 | 79,706 | |||||||||
Viatris, Inc., 4.00%, 6/22/50(6) | 250,000 | 271,427 | |||||||||
758,506 | |||||||||||
Real Estate Management and Development — 0.1% | |||||||||||
Howard Hughes Corp. (The), 4.375%, 2/1/31(6) | 292,000 | 291,623 | |||||||||
Road and Rail† | |||||||||||
Burlington Northern Santa Fe LLC, 4.45%, 3/15/43 | 16,000 | 20,625 | |||||||||
Burlington Northern Santa Fe LLC, 4.15%, 4/1/45 | 100,000 | 123,582 | |||||||||
144,207 | |||||||||||
Software — 0.1% | |||||||||||
Oracle Corp., 3.60%, 4/1/40 | 355,000 | 380,730 | |||||||||
Specialty Retail — 0.1% | |||||||||||
Home Depot, Inc. (The), 2.375%, 3/15/51 | 340,000 | 322,690 | |||||||||
Rent-A-Center, Inc., 6.375%, 2/15/29(6) | 110,000 | 118,488 | |||||||||
441,178 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.2% | |||||||||||
NCR Corp., 5.125%, 4/15/29(6) | 245,000 | 255,356 | |||||||||
Seagate HDD Cayman, 4.875%, 6/1/27 | 220,000 | 245,850 | |||||||||
Western Digital Corp., 4.75%, 2/15/26 | 390,000 | 433,388 | |||||||||
934,594 | |||||||||||
Thrifts and Mortgage Finance — 0.1% | |||||||||||
United Wholesale Mortgage LLC, 5.50%, 4/15/29(6) | 265,000 | 263,397 | |||||||||
Transportation Infrastructure — 0.2% | |||||||||||
Adani Ports & Special Economic Zone Ltd., 4.00%, 7/30/27 | 375,000 | 391,527 | |||||||||
DP World Crescent Ltd., MTN, 4.85%, 9/26/28 | 375,000 | 430,209 | |||||||||
821,736 |
Shares/Principal Amount | Value | ||||||||||
Wireless Telecommunication Services — 0.1% | |||||||||||
C&W Senior Financing DAC, 6.875%, 9/15/27(6) | $ | 97,000 | $ | 103,038 | |||||||
Millicom International Cellular SA, 5.125%, 1/15/28(6) | 91,800 | 95,791 | |||||||||
Sprint Corp., 7.875%, 9/15/23 | 35,000 | 39,643 | |||||||||
Sprint Corp., 7.125%, 6/15/24 | 70,000 | 80,570 | |||||||||
T-Mobile USA, Inc., 4.75%, 2/1/28 | 285,000 | 303,326 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31(6) | 85,000 | 89,269 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31 | 20,000 | 21,004 | |||||||||
732,641 | |||||||||||
TOTAL CORPORATE BONDS (Cost $35,376,017) | 36,674,885 | ||||||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 7.7% | |||||||||||
Australia — 0.3% | |||||||||||
Australia Government Bond, 2.75%, 4/21/24 | AUD | 1,012,000 | 797,465 | ||||||||
Australia Government Bond, 3.00%, 3/21/47 | AUD | 505,000 | 444,194 | ||||||||
New South Wales Treasury Corp., 3.00%, 3/20/28 | AUD | 285,000 | 235,365 | ||||||||
1,477,024 | |||||||||||
Austria — 0.1% | |||||||||||
Republic of Austria Government Bond, 3.40%, 11/22/22(6) | EUR | 126,000 | 157,544 | ||||||||
Republic of Austria Government Bond, 0.75%, 10/20/26(6) | EUR | 140,000 | 178,250 | ||||||||
Republic of Austria Government Bond, 4.15%, 3/15/37(6) | EUR | 101,000 | 196,293 | ||||||||
532,087 | |||||||||||
Belgium† | |||||||||||
Kingdom of Belgium Government Bond, 4.25%, 3/28/41(6) | EUR | 47,000 | 96,522 | ||||||||
Canada — 0.6% | |||||||||||
Canadian Government Bond, 0.25%, 3/1/26 | CAD | 1,150,000 | 898,587 | ||||||||
Province of British Columbia Canada, 3.25%, 12/18/21 | CAD | 302,000 | 244,859 | ||||||||
Province of British Columbia Canada, 2.85%, 6/18/25 | CAD | 684,000 | 588,650 | ||||||||
Province of Quebec Canada, 3.00%, 9/1/23 | CAD | 460,000 | 387,659 | ||||||||
Province of Quebec Canada, 5.75%, 12/1/36 | CAD | 325,000 | 380,683 | ||||||||
Province of Quebec Canada, 5.00%, 12/1/41 | CAD | 33,000 | 37,638 | ||||||||
Province of Quebec Canada, 3.50%, 12/1/48 | CAD | 102,000 | 97,833 | ||||||||
2,635,909 | |||||||||||
China — 1.9% | |||||||||||
China Government Bond, 2.64%, 8/13/22 | CNY | 18,500,000 | 2,869,814 | ||||||||
China Government Bond, 2.88%, 11/5/23 | CNY | 25,000,000 | 3,907,051 | ||||||||
China Government Bond, 3.25%, 6/6/26 | CNY | 550,000 | 87,333 | ||||||||
China Government Bond, 3.29%, 5/23/29 | CNY | 400,000 | 63,487 | ||||||||
China Government Bond, 3.39%, 3/16/50 | CNY | 10,340,000 | 1,566,961 | ||||||||
8,494,646 | |||||||||||
Colombia† | |||||||||||
Colombia Government International Bond, 7.375%, 9/18/37 | $ | 100,000 | 129,920 | ||||||||
Czech Republic† | |||||||||||
Czech Republic Government Bond, 4.70%, 9/12/22 | CZK | 2,100,000 | 102,222 | ||||||||
Denmark† | |||||||||||
Denmark Government Bond, 0.50%, 11/15/27 | DKK | 517,000 | 87,347 | ||||||||
Denmark Government Bond, 4.50%, 11/15/39 | DKK | 260,000 | 75,161 | ||||||||
162,508 | |||||||||||
Finland — 0.5% | |||||||||||
Finland Government Bond, 4.00%, 7/4/25(6) | EUR | 173,000 | 244,059 | ||||||||
Finland Government Bond, 0.125%, 4/15/36(6) | EUR | 1,750,000 | 2,099,607 | ||||||||
2,343,666 |
Shares/Principal Amount | Value | ||||||||||
France — 0.6% | |||||||||||
French Republic Government Bond OAT, 2.50%, 5/25/30 | EUR | 1,170,000 | $ | 1,731,770 | |||||||
French Republic Government Bond OAT, 0.00%, 11/25/31(8) | EUR | 850,000 | 1,018,872 | ||||||||
2,750,642 | |||||||||||
Indonesia — 0.1% | |||||||||||
Indonesia Treasury Bond, 8.375%, 9/15/26 | IDR | 3,000,000,000 | 235,542 | ||||||||
Ireland — 0.1% | |||||||||||
Ireland Government Bond, 3.40%, 3/18/24 | EUR | 196,000 | 257,458 | ||||||||
Italy — 0.4% | |||||||||||
Italy Buoni Poliennali Del Tesoro, 1.50%, 6/1/25 | EUR | 263,000 | 332,060 | ||||||||
Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25 | EUR | 971,000 | 1,257,743 | ||||||||
1,589,803 | |||||||||||
Japan — 2.1% | |||||||||||
Japan Government Ten Year Bond, 0.80%, 6/20/23 | JPY | 31,500,000 | 292,077 | ||||||||
Japan Government Thirty Year Bond, 2.40%, 3/20/37 | JPY | 161,750,000 | 1,961,434 | ||||||||
Japan Government Thirty Year Bond, 2.00%, 9/20/41 | JPY | 154,250,000 | 1,838,495 | ||||||||
Japan Government Thirty Year Bond, 1.40%, 12/20/45 | JPY | 11,400,000 | 125,188 | ||||||||
Japan Government Twenty Year Bond, 2.10%, 12/20/26 | JPY | 313,550,000 | 3,202,747 | ||||||||
Japanese Government CPI Linked Bond, 0.10%, 3/10/29 | JPY | 226,981,848 | 2,127,987 | ||||||||
9,547,928 | |||||||||||
Malaysia† | |||||||||||
Malaysia Government Bond, 3.96%, 9/15/25 | MYR | 785,000 | 196,242 | ||||||||
Mexico — 0.2% | |||||||||||
Mexican Bonos, 6.50%, 6/9/22 | MXN | 7,800,000 | 395,269 | ||||||||
Mexico Government International Bond, 4.15%, 3/28/27 | $ | 400,000 | 455,746 | ||||||||
851,015 | |||||||||||
Netherlands — 0.2% | |||||||||||
Netherlands Government Bond, 0.00%, 1/15/22(6)(8) | EUR | 95,000 | 113,030 | ||||||||
Netherlands Government Bond, 0.50%, 7/15/26(6) | EUR | 401,000 | 504,811 | ||||||||
Netherlands Government Bond, 2.75%, 1/15/47(6) | EUR | 63,000 | 126,894 | ||||||||
744,735 | |||||||||||
Norway — 0.1% | |||||||||||
Norway Government Bond, 2.00%, 5/24/23(6) | NOK | 360,000 | 41,812 | ||||||||
Norway Government Bond, 1.75%, 2/17/27(6) | NOK | 1,510,000 | 177,739 | ||||||||
219,551 | |||||||||||
Poland† | |||||||||||
Republic of Poland Government Bond, 4.00%, 10/25/23 | PLN | 650,000 | 182,334 | ||||||||
Russia† | |||||||||||
Russian Federal Bond - OFZ, 7.05%, 1/19/28 | RUB | 4,500,000 | 62,662 | ||||||||
Singapore† | |||||||||||
Singapore Government Bond, 3.125%, 9/1/22 | SGD | 288,000 | 218,886 | ||||||||
Spain — 0.1% | |||||||||||
Spain Government Bond, 4.40%, 10/31/23(6) | EUR | 5,000 | 6,598 | ||||||||
Spain Government Bond, 1.60%, 4/30/25(6) | EUR | 164,000 | 209,909 | ||||||||
Spain Government Bond, 5.15%, 10/31/28(6) | EUR | 16,000 | 26,253 | ||||||||
Spain Government Bond, 5.15%, 10/31/44(6) | EUR | 30,000 | 66,791 | ||||||||
309,551 | |||||||||||
Switzerland — 0.1% | |||||||||||
Swiss Confederation Government Bond, 1.25%, 5/28/26 | CHF | 253,000 | 305,895 | ||||||||
Swiss Confederation Government Bond, 2.50%, 3/8/36 | CHF | 89,000 | 137,619 | ||||||||
443,514 |
Shares/Principal Amount | Value | ||||||||||
Thailand — 0.1% | |||||||||||
Thailand Government Bond, 3.625%, 6/16/23 | THB | 3,450,000 | $ | 111,035 | |||||||
Thailand Government Bond, 3.85%, 12/12/25 | THB | 9,350,000 | 322,124 | ||||||||
433,159 | |||||||||||
United Kingdom — 0.2% | |||||||||||
United Kingdom Gilt, 0.125%, 1/30/26 | GBP | 600,000 | 828,636 | ||||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $32,668,768) | 34,846,162 | ||||||||||
COMMERCIAL PAPER(2) — 2.3% | |||||||||||
First Abu Dhabi Bank PJSC, 0.12%, 8/27/21(6) | $ | 445,000 | 444,971 | ||||||||
Nordea Bank Abp, 0.19%, 6/24/22(6) | 2,050,000 | 2,050,055 | |||||||||
Ridgefield Funding Co. LLC, 0.19%, 11/2/21(6) | 1,080,000 | 1,079,724 | |||||||||
Royal Bank of Canada (New York), VRN, 0.14%, (3-month LIBOR plus 0.01%), 1/27/22 | 775,000 | 775,053 | |||||||||
Societe Generale SA, 0.19%, 10/21/21(6) | 2,360,000 | 2,359,510 | |||||||||
Toronto-Dominion Bank (The), 0.23%, 4/11/22(6) | 3,410,000 | 3,406,425 | |||||||||
Washington Morgan Capital Co. LLC, Series A, 0.25%, 11/19/21 (LOC: Goldman Sachs & Co.)(6) | 280,000 | 280,077 | |||||||||
TOTAL COMMERCIAL PAPER (Cost $10,392,924) | 10,395,815 | ||||||||||
COLLATERALIZED LOAN OBLIGATIONS — 2.1% | |||||||||||
Ares LVI CLO Ltd., Series 2020-56A, Class C, VRN, 2.53%, (3-month LIBOR plus 2.40%), 10/25/31(6) | 425,000 | 426,376 | |||||||||
Ares XXXIV CLO Ltd., Series 2015-2A, Class BR2, VRN, 1.73%, (3-month LIBOR plus 1.60%), 4/17/33(6) | 550,000 | 549,294 | |||||||||
Bean Creek CLO Ltd., Series 2015-1A, Class BR, VRN, 1.58%, (3-month LIBOR plus 1.45%), 4/20/31(6) | 400,000 | 398,956 | |||||||||
CBAM Ltd., Series 2018-5A, Class B1, VRN, 1.53%, (3-month LIBOR plus 1.40%), 4/17/31(6) | 450,000 | 447,259 | |||||||||
Dryden Senior Loan Fund, Series 2017-50A, Class A1R, VRN, 1.13%, (3-month LIBOR plus 1.00%), 7/15/30(6) | 325,000 | 325,428 | |||||||||
Dryden Senior Loan Fund, Series 2021-87A, Class D, VRN, 3.07%, (3-month LIBOR plus 2.95%), 5/20/34(6) | 300,000 | 301,508 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class C, VRN, 2.18%, (3-month LIBOR plus 2.05%), 4/15/33(6) | 300,000 | 301,207 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class D, VRN, 3.28%, (3-month LIBOR plus 3.15%), 4/15/33(6) | 150,000 | 150,942 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class C, VRN, 2.875%, (3-month LIBOR plus 2.75%), 7/24/31(6) | 500,000 | 501,818 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class CR, VRN, 2.12%, (3-month LIBOR plus 2.00%), 10/20/34(6)(9) | 350,000 | 350,004 | |||||||||
Elmwood CLO VII Ltd., Series 2020-4A, Class C, VRN, 2.38%, (3-month LIBOR plus 2.25%), 1/17/34(6) | 275,000 | 277,213 | |||||||||
Flatiron CLO Ltd., Series 2020-1A, Class C, VRN, 2.61%, (3-month LIBOR plus 2.45%), 11/20/33(6) | 350,000 | 354,698 | |||||||||
Goldentree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 1.25%, (3-month LIBOR plus 1.12%), 7/20/31(6) | 250,000 | 250,408 | |||||||||
Kayne CLO Ltd., Series 2020-9A, Class C, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/15/34(6) | 350,000 | 355,938 | |||||||||
KKR CLO Ltd., Series 2022A, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 7/20/31(6) | 450,000 | 450,011 | |||||||||
Logan CLO I Ltd., Series 2021-1A, Class C, VRN, 2.05%, (3-month LIBOR plus 1.90%), 7/20/34(6) | 325,000 | 324,487 | |||||||||
Magnetite VIII Ltd., Series 2014-8A, Class BR2, VRN, 1.63%, (3-month LIBOR plus 1.50%), 4/15/31(6) | 400,000 | 398,775 | |||||||||
Magnetite XIV-R Ltd., Series 2015-14RA, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 10/18/31(6) | 375,000 | 374,602 |
Shares/Principal Amount | Value | ||||||||||
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 2.23%, (3-month LIBOR plus 2.10%), 1/25/32(6) | $ | 350,000 | $ | 351,372 | |||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2018-30A, Class DR, VRN, 2.98%, (3-month LIBOR plus 2.85%), 1/20/31(6) | 175,000 | 175,614 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2019-34A, Class C1, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/20/33(6) | 275,000 | 276,861 | |||||||||
Octagon Ltd., Series 2021-1A, Class D, VRN, 3.18%, (3-month LIBOR plus 3.05%), 7/15/34(6) | 325,000 | 327,513 | |||||||||
OHA Credit Funding Ltd., Series 2020-7A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 10/19/32(6) | 350,000 | 350,644 | |||||||||
OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R3, VRN, 3.06%, (3-month LIBOR plus 2.90%), 2/20/34(6) | 275,000 | 276,261 | |||||||||
Point Au Roche Park CLO Ltd., Series 2021-1A, Class D, VRN, 2.98%, (3-month LIBOR plus 2.80%), 7/20/34(6) | 200,000 | 201,032 | |||||||||
Reese Park CLO Ltd., Series 2020-1A, Class C1, VRN, 2.58%, (3-month LIBOR plus 2.45%), 10/15/32(6) | 325,000 | 326,148 | |||||||||
Rockford Tower CLO Ltd., Series 2020-1A, Class C, VRN, 2.48%, (3-month LIBOR plus 2.35%), 1/20/32(6) | 325,000 | 326,457 | |||||||||
Symphony CLO XXII Ltd., Series 2020-22A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 4/18/33(6) | 500,000 | 502,132 | |||||||||
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $9,600,271) | 9,652,958 | ||||||||||
MUNICIPAL SECURITIES — 2.1% | |||||||||||
Alaska Housing Finance Corp. Rev., VRDN, 0.04%, 8/2/21 (SBBPA: FHLB) | 100,000 | 100,000 | |||||||||
Alaska Housing Finance Corp. Rev., VRDN, 0.09%, 8/6/21 | 100,000 | 100,000 | |||||||||
Bay Area Toll Authority Rev., 6.92%, 4/1/40 | 105,000 | 161,094 | |||||||||
California Infrastructure & Economic Development Bank Rev., (Morningstar Enterprises LLC), VRDN, 0.07%, 8/6/21 (LOC: Wells Fargo Bank N.A.) | 100,000 | 100,000 | |||||||||
Metropolitan Transportation Authority Rev., 6.81%, 11/15/40 | 30,000 | 44,138 | |||||||||
Michigan Finance Authority Rev., 4.00%, 8/20/21 (LOC: JPMorgan Chase Bank N.A.) | 2,500,000 | 2,504,915 | |||||||||
Mississippi Business Finance Corp. Rev., (Chevron USA, Inc.), VRDN, 0.02%, 8/2/21 (GA: Chevron Corp.) | 150,000 | 150,000 | |||||||||
New Jersey Turnpike Authority Rev., 7.41%, 1/1/40 | 100,000 | 167,754 | |||||||||
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 9,000 | 14,730 | |||||||||
New York City GO, 6.27%, 12/1/37 | 40,000 | 59,790 | |||||||||
Ohio Water Development Authority Water Pollution Control Loan Fund Rev., 4.88%, 12/1/34 | 110,000 | 133,102 | |||||||||
Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 | 50,000 | 71,532 | |||||||||
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 125,000 | 138,473 | |||||||||
Rutgers The State University of New Jersey Rev., 5.67%, 5/1/40 | 150,000 | 209,107 | |||||||||
Sacramento Municipal Utility District Rev., 6.16%, 5/15/36 | 180,000 | 255,870 | |||||||||
San Francisco Public Utilities Commission Water Rev., 6.00%, 11/1/40 | 75,000 | 106,133 | |||||||||
Santa Clara Valley Transportation Authority Rev., 5.88%, 4/1/32 | 105,000 | 133,227 | |||||||||
State of California GO, 4.60%, 4/1/38 | 40,000 | 47,030 | |||||||||
State of California GO, 7.55%, 4/1/39 | 30,000 | 52,121 | |||||||||
State of California GO, 7.30%, 10/1/39 | 30,000 | 48,770 | |||||||||
State of California GO, 7.60%, 11/1/40 | 65,000 | 115,770 | |||||||||
State of Maryland GO, 2.65%, 3/15/22 | 200,000 | 203,079 |
Shares/Principal Amount | Value | ||||||||||
State of New York Mortgage Agency Rev., VRDN, 0.04%, 8/2/21 (SBBPA: Barclays Bank plc) | $ | 155,000 | $ | 155,000 | |||||||
State of Texas Rev., 4.00%, 8/26/21 | 2,880,000 | 2,887,637 | |||||||||
State of Washington GO, 5.14%, 8/1/40 | 5,000 | 7,105 | |||||||||
Tempe Industrial Development Authority Rev., (ASUF Brickyard LLC), VRDN, 0.13%, 8/6/21 (LOC: Bank of America N.A.) | 120,000 | 120,000 | |||||||||
Tennis for Charity, Inc. Rev., VRDN, 0.06%, 8/6/21 (LOC: JPMorgan Chase Bank N.A.) | 1,325,000 | 1,325,000 | |||||||||
TOTAL MUNICIPAL SECURITIES (Cost $8,936,266) | 9,411,377 | ||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 1.0% | |||||||||||
Private Sponsor Collateralized Mortgage Obligations — 0.2% | |||||||||||
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, VRN, 2.01%, 8/25/34 | 86,156 | 88,233 | |||||||||
JP Morgan Mortgage Trust, Series 2013-1, Class 2A2 SEQ, VRN, 2.50%, 3/25/43(6) | 22,713 | 22,995 | |||||||||
JP Morgan Mortgage Trust, Series 2014-5, Class A1, VRN, 2.89%, 10/25/29(6) | 84,368 | 86,891 | |||||||||
Radnor RE Ltd., Series 2021-1, Class M1B, VRN, 1.75%, (SOFR plus 1.70%), 12/27/33(6) | 600,000 | 601,263 | |||||||||
Sofi Mortgage Trust, Series 2016-1A, Class 1A4 SEQ, VRN, 3.00%, 11/25/46(6) | 20,645 | 21,083 | |||||||||
820,465 | |||||||||||
U.S. Government Agency Collateralized Mortgage Obligations — 0.8% | |||||||||||
FHLMC, Series 2014-HQ2, Class M3, VRN, 3.84%, (1-month LIBOR plus 3.75%), 9/25/24 | 575,507 | 586,161 | |||||||||
FHLMC, Series 2016-DNA3, Class M3, VRN, 5.09%, (1-month LIBOR plus 5.00%), 12/25/28 | 452,258 | 471,534 | |||||||||
FHLMC, Series 2016-HQA3, Class M2, VRN, 1.44%, (1-month LIBOR plus 1.35%), 3/25/29 | 1,891 | 1,891 | |||||||||
FHLMC, Series 2016-HQA4, Class M3, VRN, 3.99%, (1-month LIBOR plus 3.90%), 4/25/29 | 1,055,767 | 1,090,641 | |||||||||
FHLMC, Series 5123, Class HI, IO, 5.00%, 1/25/42 | 530,212 | 93,610 | |||||||||
FNMA, Series 2014-C02, Class 2M2, VRN, 2.69%, (1-month LIBOR plus 2.60%), 5/25/24 | 247,511 | 250,107 | |||||||||
FNMA, Series 2015-C04, Class 1M2, VRN, 5.79%, (1-month LIBOR plus 5.70%), 4/25/28 | 180,932 | 191,695 | |||||||||
FNMA, Series 2016-C03, Class 2M2, VRN, 5.99%, (1-month LIBOR plus 5.90%), 10/25/28 | 111,561 | 117,789 | |||||||||
FNMA, Series 2017-C03, Class 1M2, VRN, 3.09%, (1-month LIBOR plus 3.00%), 10/25/29 | 119,948 | 123,333 | |||||||||
FNMA, Series 2018-C04, Class 2M2, VRN, 2.64%, (1-month LIBOR plus 2.55%), 12/25/30 | 612,578 | 620,972 | |||||||||
3,547,733 | |||||||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $4,141,016) | 4,368,198 | ||||||||||
PREFERRED STOCKS — 0.7% | |||||||||||
Automobiles — 0.1% | |||||||||||
Volkswagen International Finance NV, 3.875% | 300,000 | 401,682 | |||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
Telefonica Europe BV, 3.00% | 300,000 | 368,331 | |||||||||
Telefonica Europe BV, 5.875% | 100,000 | 132,889 | |||||||||
501,220 | |||||||||||
Electric Utilities — 0.1% | |||||||||||
Electricite de France SA, 3.375% | 200,000 | 252,374 | |||||||||
Enel SpA, 2.25% | 300,000 | 376,184 | |||||||||
628,558 |
Shares/Principal Amount | Value | ||||||||||
Insurance — 0.2% | |||||||||||
Allianz SE, 2.625% | 200,000 | $ | 243,774 | ||||||||
Allianz SE, 3.375% | 200,000 | 259,066 | |||||||||
Credit Agricole Assurances SA, 4.25% | 100,000 | 131,970 | |||||||||
Intesa Sanpaolo Vita SpA, 4.75% | 200,000 | 261,969 | |||||||||
896,779 | |||||||||||
Oil, Gas and Consumable Fuels — 0.1% | |||||||||||
Eni SpA, 3.375% | 300,000 | 384,879 | |||||||||
Trading Companies and Distributors — 0.1% | |||||||||||
Aircastle Ltd., 5.25%(6) | 365,000 | 369,563 | |||||||||
TOTAL PREFERRED STOCKS (Cost $3,146,735) | 3,182,681 | ||||||||||
ASSET-BACKED SECURITIES — 0.6% | |||||||||||
BRE Grand Islander Timeshare Issuer LLC, Series 2017-1A, Class A SEQ, 2.94%, 5/25/29(6) | $ | 83,115 | 85,226 | ||||||||
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 9/17/25(6) | 400,000 | 403,938 | |||||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E, 2.67%, 10/19/37(6) | 1,300,000 | 1,332,103 | |||||||||
Sierra Timeshare Receivables Funding LLC, Series 2018-2A, Class B, 3.65%, 6/20/35(6) | 209,108 | 215,275 | |||||||||
VSE VOI Mortgage LLC, Series 2016-A, Class A SEQ, 2.54%, 7/20/33(6) | 162,517 | 162,648 | |||||||||
VSE VOI Mortgage LLC, Series 2018-A, Class B, 3.72%, 2/20/36(6) | 225,207 | 236,000 | |||||||||
TOTAL ASSET-BACKED SECURITIES (Cost $2,377,349) | 2,435,190 | ||||||||||
CERTIFICATES OF DEPOSIT — 0.5% | |||||||||||
Banks — 0.5% | |||||||||||
Natixis NY, 0.29%, 8/10/21 | 190,000 | 190,013 | |||||||||
Skandinaviska Enskilda Banken AB, 0.18%, 10/4/21 | 2,200,000 | 2,200,407 | |||||||||
TOTAL CERTIFICATES OF DEPOSIT (Cost $2,390,007) | 2,390,420 | ||||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 0.5% | |||||||||||
Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.1% | |||||||||||
FHLMC, VRN, 2.25%, (12-month LIBOR plus 1.87%), 7/1/36 | 5,082 | 5,387 | |||||||||
FHLMC, VRN, 2.34%, (1-year H15T1Y plus 2.14%), 10/1/36 | 17,115 | 18,319 | |||||||||
FHLMC, VRN, 2.42%, (1-year H15T1Y plus 2.26%), 4/1/37 | 47,887 | 51,038 | |||||||||
FHLMC, VRN, 2.30%, (12-month LIBOR plus 1.77%), 9/1/40 | 10,814 | 11,259 | |||||||||
FHLMC, VRN, 2.15%, (12-month LIBOR plus 1.88%), 5/1/41 | 7,943 | 8,288 | |||||||||
FHLMC, VRN, 2.45%, (12-month LIBOR plus 1.86%), 7/1/41 | 27,788 | 29,548 | |||||||||
FHLMC, VRN, 2.02%, (12-month LIBOR plus 1.64%), 2/1/43 | 8,329 | 8,548 | |||||||||
FHLMC, VRN, 1.87%, (12-month LIBOR plus 1.62%), 6/1/43 | 124 | 124 | |||||||||
FHLMC, VRN, 1.90%, (12-month LIBOR plus 1.65%), 6/1/43 | 4,208 | 4,222 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 23,621 | 24,640 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 30,174 | 31,469 | |||||||||
FNMA, VRN, 1.79%, (6-month LIBOR plus 1.54%), 9/1/35 | 4,816 | 5,019 | |||||||||
FNMA, VRN, 2.36%, (1-year H15T1Y plus 2.16%), 3/1/38 | 34,420 | 36,701 | |||||||||
FNMA, VRN, 2.07%, (12-month LIBOR plus 1.69%), 1/1/40 | 5,912 | 6,154 | |||||||||
FNMA, VRN, 2.29%, (12-month LIBOR plus 1.86%), 3/1/40 | 7,918 | 8,415 | |||||||||
FNMA, VRN, 2.32%, (12-month LIBOR plus 1.77%), 10/1/40 | 15,713 | 16,611 | |||||||||
265,742 | |||||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 0.4% | |||||||||||
FHLMC, 8.00%, 7/1/30 | 985 | 1,185 |
Shares/Principal Amount | Value | ||||||||||
FHLMC, 6.50%, 5/1/31 | $ | 6,315 | $ | 7,109 | |||||||
FHLMC, 5.50%, 12/1/33 | 40,169 | 45,796 | |||||||||
FHLMC, 5.50%, 1/1/38 | 54,938 | 63,961 | |||||||||
FHLMC, 6.00%, 2/1/38 | 72,413 | 86,146 | |||||||||
FHLMC, 6.00%, 11/1/38 | 51,313 | 59,763 | |||||||||
FNMA, 7.00%, 6/1/26 | 121 | 133 | |||||||||
FNMA, 6.50%, 6/1/29 | 7,193 | 8,090 | |||||||||
FNMA, 7.00%, 7/1/29 | 307 | 308 | |||||||||
FNMA, 7.00%, 3/1/30 | 2,217 | 2,436 | |||||||||
FNMA, 7.50%, 9/1/30 | 1,588 | 1,842 | |||||||||
FNMA, 6.50%, 9/1/31 | 12,142 | 13,662 | |||||||||
FNMA, 7.00%, 9/1/31 | 3,467 | 3,658 | |||||||||
FNMA, 6.50%, 1/1/32 | 2,209 | 2,487 | |||||||||
FNMA, 5.50%, 6/1/33 | 34,512 | 39,870 | |||||||||
FNMA, 5.50%, 8/1/33 | 196,390 | 227,174 | |||||||||
FNMA, 5.50%, 9/1/33 | 41,231 | 47,327 | |||||||||
FNMA, 5.50%, 1/1/34 | 98,119 | 113,353 | |||||||||
FNMA, 3.50%, 3/1/34 | 72,765 | 78,370 | |||||||||
FNMA, 5.50%, 4/1/36 | 21,901 | 25,429 | |||||||||
FNMA, 5.50%, 12/1/36 | 44,531 | 51,708 | |||||||||
FNMA, 5.50%, 1/1/37 | 153,376 | 178,102 | |||||||||
FNMA, 6.50%, 8/1/37 | 24,450 | 28,122 | |||||||||
FNMA, 6.50%, 8/1/47 | 7,564 | 8,217 | |||||||||
FNMA, 6.50%, 9/1/47 | 18,102 | 19,608 | |||||||||
FNMA, 6.50%, 9/1/47 | 871 | 945 | |||||||||
FNMA, 6.50%, 9/1/47 | 9,572 | 10,366 | |||||||||
GNMA, 7.00%, 1/15/24 | 230 | 240 | |||||||||
GNMA, 8.00%, 7/15/24 | 2,020 | 2,062 | |||||||||
GNMA, 8.00%, 9/15/24 | 657 | 660 | |||||||||
GNMA, 9.00%, 4/20/25 | 320 | 349 | |||||||||
GNMA, 7.00%, 9/15/25 | 2,824 | 2,835 | |||||||||
GNMA, 7.50%, 10/15/25 | 2,313 | 2,347 | |||||||||
GNMA, 7.50%, 2/15/26 | 4,638 | 5,035 | |||||||||
GNMA, 8.25%, 7/15/26 | 14,302 | 14,528 | |||||||||
GNMA, 7.00%, 12/15/27 | 9,925 | 9,965 | |||||||||
GNMA, 6.50%, 2/15/28 | 1,511 | 1,689 | |||||||||
GNMA, 6.50%, 3/15/28 | 6,376 | 7,129 | |||||||||
GNMA, 6.50%, 4/15/28 | 321 | 359 | |||||||||
GNMA, 6.00%, 10/15/28 | 9,416 | 10,582 | |||||||||
GNMA, 7.00%, 5/15/31 | 3,352 | 3,940 | |||||||||
GNMA, 5.50%, 11/15/32 | 19,192 | 22,125 | |||||||||
GNMA, 6.50%, 10/15/38 | 289,046 | 347,384 | |||||||||
GNMA, 4.50%, 5/20/41 | 171,882 | 191,284 | |||||||||
GNMA, 4.50%, 6/15/41 | 104,895 | 120,295 | |||||||||
GNMA, 3.50%, 6/20/42 | 148,181 | 159,621 | |||||||||
GNMA, 3.50%, 4/20/45 | 36,461 | 38,897 | |||||||||
GNMA, 2.50%, 2/20/47 | 26,861 | 28,038 | |||||||||
2,094,531 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $2,134,007) | 2,360,273 | ||||||||||
EXCHANGE-TRADED FUNDS† | |||||||||||
iShares MSCI EAFE Value ETF | 1,657 | 85,534 |
Shares/Principal Amount | Value | ||||||||||
iShares Russell 2000 Growth ETF | 195 | $ | 58,510 | ||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $147,267) | 144,044 | ||||||||||
TEMPORARY CASH INVESTMENTS — 5.4% | |||||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $24,706,263) | 24,706,263 | 24,706,263 | |||||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(10) — 0.1% | |||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $300,750) | 300,750 | 300,750 | |||||||||
TOTAL INVESTMENT SECURITIES — 99.7% (Cost $375,890,712) | 450,869,643 | ||||||||||
OTHER ASSETS AND LIABILITIES — 0.3% | 1,180,609 | ||||||||||
TOTAL NET ASSETS — 100.0% | $ | 452,050,252 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
AUD | 728,066 | USD | 544,892 | Bank of America N.A. | 9/15/21 | $ | (10,492) | |||||||||||||
USD | 858,146 | AUD | 1,109,762 | Bank of America N.A. | 9/15/21 | 43,582 | ||||||||||||||
USD | 570,055 | AUD | 759,851 | Bank of America N.A. | 9/15/21 | 12,326 | ||||||||||||||
BRL | 3,944,137 | USD | 770,565 | Goldman Sachs & Co. | 9/15/21 | (17,613) | ||||||||||||||
USD | 402,119 | BRL | 2,046,185 | Goldman Sachs & Co. | 9/15/21 | 11,494 | ||||||||||||||
CAD | 5,844 | USD | 4,640 | Morgan Stanley | 9/29/21 | 45 | ||||||||||||||
CAD | 11,804 | USD | 9,239 | Morgan Stanley | 9/29/21 | 222 | ||||||||||||||
USD | 1,175,060 | CAD | 1,420,883 | Bank of America N.A. | 9/15/21 | 36,190 | ||||||||||||||
USD | 317,554 | CAD | 386,317 | Bank of America N.A. | 9/15/21 | 7,912 | ||||||||||||||
USD | 103 | CAD | 127 | Morgan Stanley | 9/29/21 | 1 | ||||||||||||||
USD | 215,670 | CAD | 267,229 | Morgan Stanley | 9/29/21 | 1,477 | ||||||||||||||
USD | 5,059 | CAD | 6,357 | Morgan Stanley | 9/29/21 | (36) | ||||||||||||||
USD | 5,985 | CAD | 7,518 | Morgan Stanley | 9/29/21 | (41) | ||||||||||||||
USD | 751,596 | CHF | 672,235 | Morgan Stanley | 9/15/21 | 8,678 | ||||||||||||||
CLP | 14,600,850 | USD | 20,252 | Goldman Sachs & Co. | 9/15/21 | (1,036) | ||||||||||||||
USD | 5,670,685 | CNY | 36,488,020 | Goldman Sachs & Co. | 9/15/21 | 46,154 | ||||||||||||||
COP | 1,145,252,190 | USD | 317,768 | Goldman Sachs & Co. | 9/15/21 | (23,126) | ||||||||||||||
USD | 265,847 | COP | 998,214,005 | Goldman Sachs & Co. | 9/15/21 | 9,033 | ||||||||||||||
USD | 60,204 | CZK | 1,254,908 | UBS AG | 9/15/21 | 1,867 | ||||||||||||||
USD | 14,926 | DKK | 90,938 | UBS AG | 9/15/21 | 413 | ||||||||||||||
EUR | 209,794 | USD | 249,437 | JPMorgan Chase Bank N.A. | 8/18/21 | (497) | ||||||||||||||
EUR | 6,748 | USD | 7,958 | Credit Suisse AG | 9/30/21 | 56 | ||||||||||||||
EUR | 4,781 | USD | 5,657 | Credit Suisse AG | 9/30/21 | 21 | ||||||||||||||
EUR | 4,478 | USD | 5,325 | Credit Suisse AG | 9/30/21 | (6) | ||||||||||||||
USD | 6,115,367 | EUR | 5,169,547 | JPMorgan Chase Bank N.A. | 8/18/21 | (18,780) | ||||||||||||||
USD | 654,782 | EUR | 548,969 | Credit Suisse AG | 9/30/21 | 2,820 | ||||||||||||||
USD | 203,490 | EUR | 170,606 | Credit Suisse AG | 9/30/21 | 876 | ||||||||||||||
USD | 6,621 | EUR | 5,538 | Credit Suisse AG | 9/30/21 | 45 | ||||||||||||||
USD | 15,866 | EUR | 13,281 | Credit Suisse AG | 9/30/21 | 93 | ||||||||||||||
USD | 19,376 | EUR | 16,344 | Credit Suisse AG | 9/30/21 | (34) | ||||||||||||||
USD | 5,675 | EUR | 4,781 | Credit Suisse AG | 9/30/21 | (3) | ||||||||||||||
USD | 5,917 | EUR | 4,993 | Credit Suisse AG | 9/30/21 | (13) | ||||||||||||||
USD | 7,768 | EUR | 6,597 | Credit Suisse AG | 9/30/21 | (66) | ||||||||||||||
USD | 26,363 | EUR | 22,387 | Credit Suisse AG | 9/30/21 | (224) | ||||||||||||||
USD | 7,739 | EUR | 6,566 | Credit Suisse AG | 9/30/21 | (59) | ||||||||||||||
USD | 6,439 | EUR | 5,447 | Credit Suisse AG | 9/30/21 | (30) | ||||||||||||||
USD | 7,021 | EUR | 5,901 | Credit Suisse AG | 9/30/21 | 13 | ||||||||||||||
USD | 17,789 | EUR | 15,044 | Goldman Sachs & Co. | 9/30/21 | (77) | ||||||||||||||
GBP | 867,471 | USD | 1,225,216 | Bank of America N.A. | 9/15/21 | (19,304) | ||||||||||||||
GBP | 82,803 | USD | 113,923 | Bank of America N.A. | 9/15/21 | 1,185 | ||||||||||||||
GBP | 89,023 | USD | 124,379 | Bank of America N.A. | 9/15/21 | (624) | ||||||||||||||
GBP | 12,641 | USD | 17,610 | JPMorgan Chase Bank N.A. | 9/30/21 | (36) | ||||||||||||||
GBP | 13,731 | USD | 18,940 | JPMorgan Chase Bank N.A. | 9/30/21 | 149 | ||||||||||||||
USD | 19,798 | GBP | 14,241 | Goldman Sachs & Co. | 9/30/21 | (1) | ||||||||||||||
USD | 642,775 | GBP | 461,784 | JPMorgan Chase Bank N.A. | 9/30/21 | 801 | ||||||||||||||
HKD | 5,184 | USD | 667 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
HKD | 13,851 | USD | 1,780 | Bank of America N.A. | 9/30/21 | 3 | ||||||||||||||
HKD | 19,278 | USD | 2,478 | Bank of America N.A. | 9/30/21 | 3 | ||||||||||||||
USD | 823 | HKD | 6,395 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
USD | 795 | HKD | 6,179 | Bank of America N.A. | 9/30/21 | — |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 1,662 | HKD | 12,915 | Bank of America N.A. | 9/30/21 | $ | (1) | |||||||||||||
USD | 1,772 | HKD | 13,770 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
USD | 10,015 | HKD | 77,787 | Bank of America N.A. | 9/30/21 | 4 | ||||||||||||||
USD | 354 | HKD | 2,754 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
USD | 2,542 | HKD | 19,764 | Bank of America N.A. | 9/30/21 | (2) | ||||||||||||||
HUF | 10,604,698 | USD | 37,228 | UBS AG | 9/15/21 | (2,189) | ||||||||||||||
IDR | 7,234,439,890 | USD | 501,556 | Goldman Sachs & Co. | 9/15/21 | (2,820) | ||||||||||||||
ILS | 187,276 | USD | 57,757 | UBS AG | 9/17/21 | 197 | ||||||||||||||
USD | 507,996 | INR | 37,498,769 | Goldman Sachs & Co. | 9/15/21 | 6,226 | ||||||||||||||
JPY | 825,660 | USD | 7,419 | Bank of America N.A. | 9/30/21 | 111 | ||||||||||||||
JPY | 280,800 | USD | 2,562 | Bank of America N.A. | 9/30/21 | (1) | ||||||||||||||
JPY | 300,960 | USD | 2,733 | Bank of America N.A. | 9/30/21 | 11 | ||||||||||||||
JPY | 1,031,311 | USD | 9,366 | Bank of America N.A. | 9/30/21 | 39 | ||||||||||||||
JPY | 856,125 | USD | 7,828 | Bank of America N.A. | 9/30/21 | (21) | ||||||||||||||
JPY | 246,240 | USD | 2,236 | Bank of America N.A. | 9/30/21 | 10 | ||||||||||||||
JPY | 1,015,113 | USD | 9,235 | Bank of America N.A. | 9/30/21 | 23 | ||||||||||||||
USD | 3,349,186 | JPY | 368,830,462 | Bank of America N.A. | 8/18/21 | (13,194) | ||||||||||||||
USD | 225,750 | JPY | 24,967,460 | Bank of America N.A. | 9/30/21 | (1,941) | ||||||||||||||
USD | 106,286 | JPY | 11,754,990 | Bank of America N.A. | 9/30/21 | (914) | ||||||||||||||
USD | 3,701 | JPY | 410,040 | Bank of America N.A. | 9/30/21 | (38) | ||||||||||||||
USD | 3,864 | JPY | 426,870 | Bank of America N.A. | 9/30/21 | (29) | ||||||||||||||
USD | 97,344 | JPY | 10,704,126 | Bank of America N.A. | 9/30/21 | (273) | ||||||||||||||
USD | 7,900 | JPY | 867,245 | Bank of America N.A. | 9/30/21 | (9) | ||||||||||||||
KRW | 491,522,722 | USD | 440,365 | Goldman Sachs & Co. | 9/15/21 | (14,366) | ||||||||||||||
KZT | 87,842,751 | USD | 202,566 | Goldman Sachs & Co. | 9/15/21 | 2,021 | ||||||||||||||
USD | 297,277 | MXN | 5,933,418 | Morgan Stanley | 9/15/21 | 923 | ||||||||||||||
MYR | 2,549,378 | USD | 618,406 | Goldman Sachs & Co. | 9/15/21 | (17,711) | ||||||||||||||
NOK | 31,975 | USD | 3,754 | UBS AG | 9/30/21 | (134) | ||||||||||||||
NOK | 87,578 | USD | 9,917 | UBS AG | 9/30/21 | (3) | ||||||||||||||
USD | 205,819 | NOK | 1,703,128 | UBS AG | 9/15/21 | 13,021 | ||||||||||||||
USD | 4,383 | NOK | 38,324 | UBS AG | 9/30/21 | 45 | ||||||||||||||
USD | 1,638 | NOK | 14,660 | UBS AG | 9/30/21 | (22) | ||||||||||||||
USD | 159,769 | NOK | 1,371,403 | UBS AG | 9/30/21 | 4,523 | ||||||||||||||
NZD | 368,417 | USD | 257,604 | Bank of America N.A. | 9/15/21 | (972) | ||||||||||||||
USD | 195,956 | NZD | 273,148 | Bank of America N.A. | 9/15/21 | 5,687 | ||||||||||||||
PEN | 81,154 | USD | 20,977 | Goldman Sachs & Co. | 9/15/21 | (996) | ||||||||||||||
USD | 659,991 | PHP | 31,723,794 | Goldman Sachs & Co. | 9/15/21 | 26,547 | ||||||||||||||
USD | 121,888 | PLN | 447,595 | UBS AG | 9/15/21 | 5,688 | ||||||||||||||
USD | 66,787 | RUB | 4,895,219 | Goldman Sachs & Co. | 9/15/21 | 257 | ||||||||||||||
SEK | 1,471,761 | USD | 178,363 | UBS AG | 9/15/21 | (7,337) | ||||||||||||||
SEK | 4,834,448 | USD | 556,940 | UBS AG | 9/15/21 | 4,847 | ||||||||||||||
USD | 132,804 | SGD | 176,011 | Bank of America N.A. | 9/15/21 | 2,910 | ||||||||||||||
USD | 918,239 | THB | 28,691,309 | Goldman Sachs & Co. | 9/15/21 | 45,501 | ||||||||||||||
$ | 148,979 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Euro-Bobl 5-Year Bonds | 15 | September 2021 | $ | 2,408,561 | $ | 22,928 | ||||||||
Korean Treasury 10-Year Bonds | 7 | September 2021 | 780,482 | 13,863 | ||||||||||
U.K. Gilt 10-Year Bonds | 14 | September 2021 | 2,525,715 | 51,741 | ||||||||||
U.S. Treasury 2-Year Notes | 56 | September 2021 | 12,356,750 | (4,484) | ||||||||||
U.S. Treasury 5-Year Notes | 85 | September 2021 | 10,577,852 | 46,950 | ||||||||||
U.S. Treasury Ultra Bonds | 12 | September 2021 | 2,394,375 | 44,227 | ||||||||||
$ | 31,043,735 | $ | 175,225 |
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Notes | 13 | September 2021 | $ | 1,747,890 | $ | (3,108) | ||||||||
U.S. Treasury Long Bonds | 9 | September 2021 | 1,482,469 | (72,299) | ||||||||||
$ | 3,230,359 | $ | (75,407) |
NOTES TO SCHEDULE OF INVESTMENTS | |||||||||||||||||
ADR | - | American Depositary Receipt | MTN | - | Medium Term Note | ||||||||||||
AUD | - | Australian Dollar | MXN | - | Mexican Peso | ||||||||||||
BRL | - | Brazilian Real | MYR | - | Malaysian Ringgit | ||||||||||||
CAD | - | Canadian Dollar | NOK | - | Norwegian Krone | ||||||||||||
CHF | - | Swiss Franc | NZD | - | New Zealand Dollar | ||||||||||||
CLP | - | Chilean Peso | PEN | - | Peruvian Sol | ||||||||||||
CNY | - | Chinese Yuan | PHP | - | Philippine Peso | ||||||||||||
COP | - | Colombian Peso | PLN | - | Polish Zloty | ||||||||||||
CPI | - | Consumer Price Index | RUB | - | Russian Ruble | ||||||||||||
CZK | - | Czech Koruna | SBBPA | - | Standby Bond Purchase Agreement | ||||||||||||
DKK | - | Danish Krone | SEK | - | Swedish Krona | ||||||||||||
EUR | - | Euro | SEQ | - | Sequential Payer | ||||||||||||
FHLB | - | Federal Home Loan Bank | SGD | - | Singapore Dollar | ||||||||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | SOFR | - | Secured Overnight Financing Rate | ||||||||||||
FNMA | - | Federal National Mortgage Association | THB | - | Thai Baht | ||||||||||||
GA | - | Guaranty Agreement | USD | - | United States Dollar | ||||||||||||
GBP | - | British Pound | VRDN | - | Variable Rate Demand Note. The instrument may be payable upon demand and 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 date of the demand feature is disclosed. | ||||||||||||
GNMA | - | Government National Mortgage Association | |||||||||||||||
GO | - | General Obligation | |||||||||||||||
H15T1Y | - | Constant Maturity U.S. Treasury Note Yield Curve Rate Index | |||||||||||||||
HKD | - | Hong Kong Dollar | |||||||||||||||
HUF | - | Hungarian Forint | 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. | ||||||||||||
IDR | - | Indonesian Rupiah | |||||||||||||||
ILS | - | Israeli Shekel | |||||||||||||||
INR | - | Indian Rupee | |||||||||||||||
IO | - | Interest Only | |||||||||||||||
JPY | - | Japanese Yen | |||||||||||||||
KRW | - | South Korean Won | |||||||||||||||
KZT | - | Kazakhstani Tenge | |||||||||||||||
LIBOR | - | London Interbank Offered Rate | |||||||||||||||
LOC | - | Letter of Credit |
Statement of Assets and Liabilities |
JULY 31, 2021 | |||||
Assets | |||||
Investment securities - unaffiliated, at value (cost of $273,490,875) — including $583,338 of securities on loan | $ | 314,210,196 | |||
Investment securities - affiliated, at value (cost of $102,099,087) | 136,358,697 | ||||
Investment made with cash collateral received for securities on loan, at value (cost of $300,750) | 300,750 | ||||
Total investment securities, at value (cost of $375,890,712) | 450,869,643 | ||||
Cash | 95,029 | ||||
Foreign currency holdings, at value (cost of $4,350) | 3,749 | ||||
Foreign deposits with broker for futures contracts, at value (cost of $101,349) | 102,532 | ||||
Receivable for investments sold | 775,966 | ||||
Receivable for capital shares sold | 155,447 | ||||
Receivable for variation margin on futures contracts | 19,331 | ||||
Unrealized appreciation on forward foreign currency exchange contracts | 304,050 | ||||
Interest and dividends receivable | 1,190,677 | ||||
Securities lending receivable | 435 | ||||
453,516,859 | |||||
Liabilities | |||||
Payable for collateral received for securities on loan | 300,750 | ||||
Payable for investments purchased | 612,552 | ||||
Payable for capital shares redeemed | 110,979 | ||||
Unrealized depreciation on forward foreign currency exchange contracts | 155,071 | ||||
Accrued management fees | 250,771 | ||||
Distribution and service fees payable | 34,802 | ||||
Accrued foreign taxes | 1,682 | ||||
1,466,607 | |||||
Net Assets | $ | 452,050,252 | |||
Net Assets Consist of: | |||||
Capital (par value and paid-in surplus) | $ | 356,039,990 | |||
Distributable earnings | 96,010,262 | ||||
$ | 452,050,252 |
Net Assets | Shares Outstanding | Net Asset Value Per Share | |||||||||
Investor Class, $0.01 Par Value | $167,284,982 | 26,166,669 | $6.39 | ||||||||
I Class, $0.01 Par Value | $38,058,177 | 5,950,333 | $6.40 | ||||||||
A Class, $0.01 Par Value | $92,011,313 | 14,407,914 | $6.39* | ||||||||
C Class, $0.01 Par Value | $11,901,688 | 1,906,134 | $6.24 | ||||||||
R Class, $0.01 Par Value | $11,768,143 | 1,848,135 | $6.37 | ||||||||
R5 Class, $0.01 Par Value | $38,543,187 | 6,017,047 | $6.41 | ||||||||
R6 Class, $0.01 Par Value | $92,482,762 | 14,457,907 | $6.40 |
Statement of Operations |
YEAR ENDED JULY 31, 2021 | |||||
Investment Income (Loss) | |||||
Income: | |||||
Interest | $ | 5,601,973 | |||
Income distributions from affiliated funds | 1,986,880 | ||||
Dividends (net of foreign taxes withheld of $44,844) | 1,397,560 | ||||
Securities lending, net | 5,793 | ||||
8,992,206 | |||||
Expenses: | |||||
Management fees | 3,771,410 | ||||
Distribution and service fees: | |||||
A Class | 215,823 | ||||
C Class | 137,818 | ||||
R Class | 59,761 | ||||
Directors' fees and expenses | 11,594 | ||||
Other expenses | 7,928 | ||||
4,204,334 | |||||
Fees waived(1) | (1,014,243) | ||||
3,190,091 | |||||
Net investment income (loss) | 5,802,115 | ||||
Realized and Unrealized Gain (Loss) | |||||
Net realized gain (loss) on: | |||||
Investment transactions (including $10,399,061 from affiliated funds) | 26,474,927 | ||||
Forward foreign currency exchange contract transactions | (418,281) | ||||
Futures contract transactions | 24,781 | ||||
Swap agreement transactions | 48,562 | ||||
Foreign currency translation transactions | 5,507 | ||||
Capital gain distributions received from affiliated funds | 87,266 | ||||
26,222,762 | |||||
Change in net unrealized appreciation (depreciation) on: | |||||
Investments (including $25,938,895 from affiliated funds and (increase) decrease in accrued foreign taxes of $(784)) | 36,918,388 | ||||
Forward foreign currency exchange contracts | 270,464 | ||||
Futures contracts | 93,558 | ||||
Translation of assets and liabilities in foreign currencies | (4,264) | ||||
37,278,146 | |||||
Net realized and unrealized gain (loss) | 63,500,908 | ||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 69,303,023 |
Statement of Changes in Net Assets |
YEARS ENDED JULY 31, 2021 AND JULY 31, 2020 | ||||||||
Increase (Decrease) in Net Assets | July 31, 2021 | July 31, 2020 | ||||||
Operations | ||||||||
Net investment income (loss) | $ | 5,802,115 | $ | 4,198,207 | ||||
Net realized gain (loss) | 26,222,762 | 32,620,321 | ||||||
Change in net unrealized appreciation (depreciation) | 37,278,146 | (7,309,756) | ||||||
Net increase (decrease) in net assets resulting from operations | 69,303,023 | 29,508,772 | ||||||
Distributions to Shareholders | ||||||||
From earnings: | ||||||||
Investor Class | (6,695,769) | (12,238,428) | ||||||
I Class | (1,438,166) | (2,275,562) | ||||||
A Class | (3,455,974) | (5,976,445) | ||||||
C Class | (541,627) | (1,162,797) | ||||||
R Class | (459,461) | (745,441) | ||||||
R5 Class | (1,614,113) | (2,974,364) | ||||||
R6 Class | (3,762,974) | (5,935,807) | ||||||
Decrease in net assets from distributions | (17,968,084) | (31,308,844) | ||||||
Capital Share Transactions | ||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 15,524,665 | (25,464,995) | ||||||
Net increase (decrease) in net assets | 66,859,604 | (27,265,067) | ||||||
Net Assets | ||||||||
Beginning of period | 385,190,648 | 412,455,715 | ||||||
End of period | $ | 452,050,252 | $ | 385,190,648 |
Notes to Financial Statements |
Remaining Contractual Maturity of Agreements | |||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||
Securities Lending Transactions(1) | |||||||||||||||||
Common Stocks | $ | 300,750 | — | — | — | $ | 300,750 | ||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 300,750 |
Effective Annual Management Fee | |||||||||||
Management Fee Schedule Range | Before Waiver | After Waiver | |||||||||
Investor Class | 0.80% to 1.00% | 1.00% | 0.76% | ||||||||
I Class | 0.60% to 0.80% | 0.80% | 0.56% | ||||||||
A Class | 0.80% to 1.00% | 1.00% | 0.76% | ||||||||
C Class | 0.80% to 1.00% | 1.00% | 0.76% | ||||||||
R Class | 0.80% to 1.00% | 1.00% | 0.76% | ||||||||
R5 Class | 0.60% to 0.80% | 0.80% | 0.56% | ||||||||
R6 Class | 0.45% to 0.65% | 0.65% | 0.41% |
Year ended July 31, 2021 | Year ended July 31, 2020 | |||||||||||||
Shares | Amount | Shares | Amount | |||||||||||
Investor Class/Shares Authorized | 500,000,000 | 500,000,000 | ||||||||||||
Sold | 4,004,568 | $ | 24,144,889 | 3,089,007 | $ | 16,345,089 | ||||||||
Issued in reinvestment of distributions | 1,081,604 | 6,467,181 | 2,191,241 | 12,014,731 | ||||||||||
Redeemed | (4,468,193) | (27,002,114) | (8,234,700) | (45,168,135) | ||||||||||
617,979 | 3,609,956 | (2,954,452) | (16,808,315) | |||||||||||
I Class/Shares Authorized | 120,000,000 | 120,000,000 | ||||||||||||
Sold | 1,905,056 | 11,566,663 | 1,341,385 | 7,258,248 | ||||||||||
Issued in reinvestment of distributions | 240,061 | 1,437,511 | 414,673 | 2,274,358 | ||||||||||
Redeemed | (1,143,757) | (6,862,440) | (1,961,383) | (10,657,011) | ||||||||||
1,001,360 | 6,141,734 | (205,325) | (1,124,405) | |||||||||||
A Class/Shares Authorized | 270,000,000 | 270,000,000 | ||||||||||||
Sold | 3,091,189 | 18,624,543 | 2,678,884 | 14,641,649 | ||||||||||
Issued in reinvestment of distributions | 568,940 | 3,397,027 | 1,057,771 | 5,797,946 | ||||||||||
Redeemed | (3,075,861) | (18,625,515) | (5,237,372) | (28,714,839) | ||||||||||
584,268 | 3,396,055 | (1,500,717) | (8,275,244) | |||||||||||
C Class/Shares Authorized | 70,000,000 | 70,000,000 | ||||||||||||
Sold | 400,624 | 2,346,781 | 303,952 | 1,624,649 | ||||||||||
Issued in reinvestment of distributions | 92,490 | 540,053 | 211,603 | 1,137,600 | ||||||||||
Redeemed | (1,271,056) | (7,510,076) | (1,009,983) | (5,445,064) | ||||||||||
(777,942) | (4,623,242) | (494,428) | (2,682,815) | |||||||||||
R Class/Shares Authorized | 50,000,000 | 50,000,000 | ||||||||||||
Sold | 390,576 | 2,359,899 | 451,192 | 2,448,869 | ||||||||||
Issued in reinvestment of distributions | 76,980 | 458,694 | 135,298 | 738,680 | ||||||||||
Redeemed | (534,155) | (3,272,842) | (496,484) | (2,704,247) | ||||||||||
(66,599) | (454,249) | 90,006 | 483,302 | |||||||||||
R5 Class/Shares Authorized | 150,000,000 | 50,000,000 | ||||||||||||
Sold | 480,848 | 2,913,012 | 395,433 | 2,145,115 | ||||||||||
Issued in reinvestment of distributions | 269,380 | 1,614,113 | 541,377 | 2,974,364 | ||||||||||
Redeemed | (819,442) | (4,902,813) | (1,338,552) | (7,124,856) | ||||||||||
(69,214) | (375,688) | (401,742) | (2,005,377) | |||||||||||
R6 Class/Shares Authorized | 235,000,000 | 90,000,000 | ||||||||||||
Sold | 3,111,443 | 19,058,432 | 2,517,849 | 13,510,237 | ||||||||||
Issued in reinvestment of distributions | 628,858 | 3,762,974 | 1,082,241 | 5,935,807 | ||||||||||
Redeemed | (2,484,704) | (14,991,307) | (2,704,571) | (14,498,185) | ||||||||||
1,255,597 | 7,830,099 | 895,519 | 4,947,859 | |||||||||||
Net increase (decrease) | 2,545,449 | $ | 15,524,665 | (4,571,139) | $ | (25,464,995) |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Affiliated Funds | $ | 136,358,697 | — | — | |||||||
U.S. Treasury Securities | — | $ | 87,786,391 | — | |||||||
Common Stocks | 68,246,929 | 17,608,610 | — | ||||||||
Corporate Bonds | — | 36,674,885 | — | ||||||||
Sovereign Governments and Agencies | — | 34,846,162 | — | ||||||||
Commercial Paper | — | 10,395,815 | — | ||||||||
Collateralized Loan Obligations | — | 9,652,958 | — | ||||||||
Municipal Securities | — | 9,411,377 | — | ||||||||
Collateralized Mortgage Obligations | — | 4,368,198 | — | ||||||||
Preferred Stocks | — | 3,182,681 | — | ||||||||
Asset-Backed Securities | — | 2,435,190 | — | ||||||||
Certificates of Deposit | — | 2,390,420 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 2,360,273 | — | ||||||||
Exchange-Traded Funds | 144,044 | — | — | ||||||||
Temporary Cash Investments | 24,706,263 | — | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 300,750 | — | — | ||||||||
$ | 229,756,683 | $ | 221,112,960 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 91,177 | $ | 88,532 | — | ||||||
Forward Foreign Currency Exchange Contracts | — | 304,050 | — | ||||||||
$ | 91,177 | $ | 392,582 | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 79,891 | — | — | |||||||
Forward Foreign Currency Exchange Contracts | — | $ | 155,071 | — | |||||||
$ | 79,891 | $ | 155,071 | — |
Value of Derivative Instruments as of July 31, 2021 | ||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||
Type of Risk Exposure | Location on Statement of Assets and Liabilities | Value | Location on Statement of Assets and Liabilities | Value | ||||||||||
Foreign Currency Risk | Unrealized appreciation on forward foreign currency exchange contracts | $ | 304,050 | Unrealized depreciation on forward foreign currency exchange contracts | $ | 155,071 | ||||||||
Interest Rate Risk | Receivable for variation margin on futures contracts* | 19,331 | Payable for variation margin on futures contracts* | — | ||||||||||
$ | 323,381 | $ | 155,071 |
Effect of Derivative Instruments on the Statement of Operations for the Year Ended July 31, 2021 | ||||||||||||||
Net Realized Gain (Loss) | Change in Net Unrealized Appreciation (Depreciation) | |||||||||||||
Type of Risk Exposure | Location on Statement of Operations | Value | Location on Statement of Operations | Value | ||||||||||
Credit Risk | Net realized gain (loss) on swap agreement transactions | $ | 48,562 | Change in net unrealized appreciation (depreciation) on swap agreements | — | |||||||||
Foreign Currency Risk | Net realized gain (loss) on forward foreign currency exchange contract transactions | (418,281) | Change in net unrealized appreciation (depreciation) on forward foreign currency exchange contracts | $ | 270,464 | |||||||||
Interest Rate Risk | Net realized gain (loss) on futures contract transactions | 24,781 | Change in net unrealized appreciation (depreciation) on futures contracts | 93,558 | ||||||||||
$ | (344,938) | $ | 364,022 |
2021 | 2020 | |||||||
Distributions Paid From | ||||||||
Ordinary income | $ | 8,616,574 | $ | 7,688,591 | ||||
Long-term capital gains | $ | 9,351,510 | $ | 23,620,253 |
Federal tax cost of investments | $ | 377,644,361 | |||
Gross tax appreciation of investments | $ | 74,573,754 | |||
Gross tax depreciation of investments | (1,348,472) | ||||
Net tax appreciation (depreciation) of investments | 73,225,282 | ||||
Net tax appreciation (depreciation) on derivatives and translation of assets and liabilities in foreign currencies | 122,636 | ||||
Net tax appreciation (depreciation) | $ | 73,347,918 | |||
Other book-to-tax adjustments | $ | (475,942) | |||
Undistributed ordinary income | $ | 8,151,844 | |||
Accumulated long-term gains | $ | 14,986,442 |
Affiliated Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Distributions Received(2) | ||||||||||||||||||
American Century Diversified Corporate Bond ETF | $ | 20,618 | — | — | $ | (44) | $ | 20,574 | 389 | — | $ | 639 | ||||||||||||||
American Century Focused Dynamic Growth ETF | 12,808 | — | $ | 8,103 | (45) | 4,660 | 56 | $ | 3,213 | 1 | ||||||||||||||||
American Century Focused Large Cap Value ETF | 4,959 | $ | 6,526 | — | 1,920 | 13,405 | 219 | — | 139 | |||||||||||||||||
American Century Quality Diversified International ETF | 8,792 | 239 | 1,107 | 2,035 | 9,959 | 191 | 211 | 207 | ||||||||||||||||||
American Century STOXX U.S. Quality Growth ETF | 25,050 | — | 10,123 | 2,450 | 17,377 | 238 | 4,866 | 49 | ||||||||||||||||||
American Century STOXX U.S. Quality Value ETF | 19,320 | 2,572 | 118 | 7,466 | 29,240 | 576 | 3 | 433 | ||||||||||||||||||
Avantis International Equity ETF | 9,480 | 254 | 1,535 | 2,849 | 11,048 | 174 | 223 | 224 | ||||||||||||||||||
Avantis International Small Cap Value ETF | 1,977 | 41 | 409 | 778 | 2,387 | 37 | 97 | 51 | ||||||||||||||||||
Avantis U.S. Equity ETF | 19,222 | 123 | 4,316 | 6,250 | 21,279 | 284 | 1,534 | 262 | ||||||||||||||||||
Avantis U.S. Small Cap Value ETF | 3,775 | 1,526 | 1,151 | 2,280 | 6,430 | 88 | 252 | 69 | ||||||||||||||||||
$ | 126,001 | $ | 11,281 | $ | 26,862 | $ | 25,939 | $ | 136,359 | 2,252 | $ | 10,399 | $ | 2,074 |
Financial Highlights |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.65 | 0.08 | 0.92 | 1.00 | (0.07) | (0.19) | (0.26) | $6.39 | 18.09% | 0.76% | 1.00% | 1.38% | 1.14% | 57% | $167,285 | ||||||||||||||||||||||||||||||||
2020 | $5.67 | 0.06 | 0.37 | 0.43 | (0.07) | (0.38) | (0.45) | $5.65 | 7.89% | 0.85% | 1.01% | 1.09% | 0.93% | 87% | $144,395 | ||||||||||||||||||||||||||||||||
2019 | $5.83 | 0.09 | 0.14 | 0.23 | (0.10) | (0.29) | (0.39) | $5.67 | 4.55% | 1.00% | 1.01% | 1.58% | 1.57% | 65% | $161,655 | ||||||||||||||||||||||||||||||||
2018(3) | $6.06 | 0.06 | 0.05 | 0.11 | (0.06) | (0.28) | (0.34) | $5.83 | 2.01% | 1.00%(4) | 1.00%(4) | 1.51%(4) | 1.51%(4) | 53% | $179,992 | ||||||||||||||||||||||||||||||||
2017 | $5.62 | 0.07 | 0.54 | 0.61 | (0.08) | (0.09) | (0.17) | $6.06 | 11.02% | 1.01% | 1.01% | 1.28% | 1.28% | 78% | $246,975 | ||||||||||||||||||||||||||||||||
2016 | $5.83 | 0.07 | 0.09 | 0.16 | (0.05) | (0.32) | (0.37) | $5.62 | 2.96% | 1.00% | 1.00% | 1.21% | 1.21% | 87% | $245,726 | ||||||||||||||||||||||||||||||||
I Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.65 | 0.10 | 0.93 | 1.03 | (0.09) | (0.19) | (0.28) | $6.40 | 18.51% | 0.56% | 0.80% | 1.58% | 1.34% | 57% | $38,058 | ||||||||||||||||||||||||||||||||
2020 | $5.67 | 0.07 | 0.37 | 0.44 | (0.08) | (0.38) | (0.46) | $5.65 | 8.11% | 0.65% | 0.81% | 1.29% | 1.13% | 87% | $27,985 | ||||||||||||||||||||||||||||||||
2019 | $5.84 | 0.10 | 0.13 | 0.23 | (0.11) | (0.29) | (0.40) | $5.67 | 4.57% | 0.80% | 0.81% | 1.78% | 1.77% | 65% | $29,248 | ||||||||||||||||||||||||||||||||
2018(3) | $6.06 | 0.07 | 0.06 | 0.13 | (0.07) | (0.28) | (0.35) | $5.84 | 2.33% | 0.80%(4) | 0.80%(4) | 1.71%(4) | 1.71%(4) | 53% | $44,101 | ||||||||||||||||||||||||||||||||
2017 | $5.63 | 0.09 | 0.52 | 0.61 | (0.09) | (0.09) | (0.18) | $6.06 | 11.05% | 0.81% | 0.81% | 1.48% | 1.48% | 78% | $46,536 | ||||||||||||||||||||||||||||||||
2016 | $5.84 | 0.08 | 0.10 | 0.18 | (0.07) | (0.32) | (0.39) | $5.63 | 3.27% | 0.80% | 0.80% | 1.41% | 1.41% | 87% | $76,532 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
A Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.65 | 0.07 | 0.92 | 0.99 | (0.06) | (0.19) | (0.25) | $6.39 | 17.79% | 1.01% | 1.25% | 1.13% | 0.89% | 57% | $92,011 | ||||||||||||||||||||||||||||||||
2020 | $5.67 | 0.05 | 0.36 | 0.41 | (0.05) | (0.38) | (0.43) | $5.65 | 7.62% | 1.10% | 1.26% | 0.84% | 0.68% | 87% | $78,047 | ||||||||||||||||||||||||||||||||
2019 | $5.83 | 0.07 | 0.14 | 0.21 | (0.08) | (0.29) | (0.37) | $5.67 | 4.29% | 1.25% | 1.26% | 1.33% | 1.32% | 65% | $86,822 | ||||||||||||||||||||||||||||||||
2018(3) | $6.05 | 0.05 | 0.06 | 0.11 | (0.05) | (0.28) | (0.33) | $5.83 | 1.99% | 1.25%(4) | 1.25%(4) | 1.26%(4) | 1.26%(4) | 53% | $113,865 | ||||||||||||||||||||||||||||||||
2017 | $5.62 | 0.06 | 0.52 | 0.58 | (0.06) | (0.09) | (0.15) | $6.05 | 10.56% | 1.26% | 1.26% | 1.03% | 1.03% | 78% | $117,230 | ||||||||||||||||||||||||||||||||
2016 | $5.81 | 0.05 | 0.11 | 0.16 | (0.03) | (0.32) | (0.35) | $5.62 | 2.94% | 1.25% | 1.25% | 0.96% | 0.96% | 87% | $137,168 | ||||||||||||||||||||||||||||||||
C Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.53 | 0.02 | 0.90 | 0.92 | (0.02) | (0.19) | (0.21) | $6.24 | 16.90% | 1.76% | 2.00% | 0.38% | 0.14% | 57% | $11,902 | ||||||||||||||||||||||||||||||||
2020 | $5.57 | 0.01 | 0.35 | 0.36 | (0.02) | (0.38) | (0.40) | $5.53 | 6.78% | 1.85% | 2.01% | 0.09% | (0.07)% | 87% | $14,851 | ||||||||||||||||||||||||||||||||
2019 | $5.74 | 0.03 | 0.14 | 0.17 | (0.05) | (0.29) | (0.34) | $5.57 | 3.43% | 2.00% | 2.01% | 0.58% | 0.57% | 65% | $17,705 | ||||||||||||||||||||||||||||||||
2018(3) | $5.96 | 0.02 | 0.07 | 0.09 | (0.03) | (0.28) | (0.31) | $5.74 | 1.58% | 2.00%(4) | 2.00%(4) | 0.51%(4) | 0.51%(4) | 53% | $26,867 | ||||||||||||||||||||||||||||||||
2017 | $5.54 | 0.02 | 0.51 | 0.53 | (0.02) | (0.09) | (0.11) | $5.96 | 9.77% | 2.01% | 2.01% | 0.28% | 0.28% | 78% | $32,110 | ||||||||||||||||||||||||||||||||
2016 | $5.75 | 0.01 | 0.10 | 0.11 | — | (0.32) | (0.32) | $5.54 | 2.06% | 2.00% | 2.00% | 0.21% | 0.21% | 87% | $37,188 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.63 | 0.05 | 0.93 | 0.98 | (0.05) | (0.19) | (0.24) | $6.37 | 17.59% | 1.26% | 1.50% | 0.88% | 0.64% | 57% | $11,768 | ||||||||||||||||||||||||||||||||
2020 | $5.65 | 0.03 | 0.37 | 0.40 | (0.04) | (0.38) | (0.42) | $5.63 | 7.37% | 1.35% | 1.51% | 0.59% | 0.43% | 87% | $10,783 | ||||||||||||||||||||||||||||||||
2019 | $5.82 | 0.06 | 0.13 | 0.19 | (0.07) | (0.29) | (0.36) | $5.65 | 3.86% | 1.50% | 1.51% | 1.08% | 1.07% | 65% | $10,314 | ||||||||||||||||||||||||||||||||
2018(3) | $6.04 | 0.04 | 0.06 | 0.10 | (0.04) | (0.28) | (0.32) | $5.82 | 1.83% | 1.50%(4) | 1.50%(4) | 1.01%(4) | 1.01%(4) | 53% | $10,960 | ||||||||||||||||||||||||||||||||
2017 | $5.61 | 0.05 | 0.52 | 0.57 | (0.05) | (0.09) | (0.14) | $6.04 | 10.31% | 1.51% | 1.51% | 0.78% | 0.78% | 78% | $15,004 | ||||||||||||||||||||||||||||||||
2016 | $5.80 | 0.04 | 0.10 | 0.14 | (0.01) | (0.32) | (0.33) | $5.61 | 2.59% | 1.50% | 1.50% | 0.71% | 0.71% | 87% | $15,398 | ||||||||||||||||||||||||||||||||
R5 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.66 | 0.10 | 0.93 | 1.03 | (0.09) | (0.19) | (0.28) | $6.41 | 18.48% | 0.56% | 0.80% | 1.58% | 1.34% | 57% | $38,543 | ||||||||||||||||||||||||||||||||
2020 | $5.68 | 0.07 | 0.37 | 0.44 | (0.08) | (0.38) | (0.46) | $5.66 | 8.10% | 0.65% | 0.81% | 1.29% | 1.13% | 87% | $34,465 | ||||||||||||||||||||||||||||||||
2019 | $5.85 | 0.10 | 0.13 | 0.23 | (0.11) | (0.29) | (0.40) | $5.68 | 4.75% | 0.80% | 0.81% | 1.78% | 1.77% | 65% | $36,866 | ||||||||||||||||||||||||||||||||
2018(3) | $6.07 | 0.08 | 0.05 | 0.13 | (0.07) | (0.28) | (0.35) | $5.85 | 2.15% | 0.80%(4) | 0.80%(4) | 1.71%(4) | 1.71%(4) | 53% | $34,766 | ||||||||||||||||||||||||||||||||
2017(5) | $5.73 | 0.06 | 0.33 | 0.39 | (0.05) | — | (0.05) | $6.07 | 6.80% | 0.81%(4) | 0.81%(4) | 1.60%(4) | 1.60%(4) | 78%(6) | $5 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R6 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $5.66 | 0.10 | 0.93 | 1.03 | (0.10) | (0.19) | (0.29) | $6.40 | 18.48% | 0.41% | 0.65% | 1.73% | 1.49% | 57% | $92,483 | ||||||||||||||||||||||||||||||||
2020 | $5.68 | 0.08 | 0.37 | 0.45 | (0.09) | (0.38) | (0.47) | $5.66 | 8.28% | 0.50% | 0.66% | 1.44% | 1.28% | 87% | $74,665 | ||||||||||||||||||||||||||||||||
2019 | $5.84 | 0.11 | 0.14 | 0.25 | (0.12) | (0.29) | (0.41) | $5.68 | 4.91% | 0.65% | 0.66% | 1.93% | 1.92% | 65% | $69,846 | ||||||||||||||||||||||||||||||||
2018(3) | $6.06 | 0.07 | 0.07 | 0.14 | (0.08) | (0.28) | (0.36) | $5.84 | 2.44% | 0.65%(4) | 0.65%(4) | 1.86%(4) | 1.86%(4) | 53% | $76,077 | ||||||||||||||||||||||||||||||||
2017 | $5.63 | 0.10 | 0.52 | 0.62 | (0.10) | (0.09) | (0.19) | $6.06 | 11.21% | 0.66% | 0.66% | 1.63% | 1.63% | 78% | $63,151 | ||||||||||||||||||||||||||||||||
2016 | $5.84 | 0.09 | 0.10 | 0.19 | (0.08) | (0.32) | (0.40) | $5.63 | 3.50% | 0.65% | 0.65% | 1.56% | 1.56% | 87% | $20,398 |
Notes to Financial Highlights |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Thomas W. Bunn (1953) | Director | Since 2017 | Retired | 72 | SquareTwo Financial; Barings (formerly Babson Capital Funds Trust) (2013 to 2016) | ||||||||||||
Chris H. Cheesman (1962) | Director | Since 2019 | Retired. Senior Vice President & Chief Audit Executive, AllianceBernstein (1999 to 2018) | 72 | None | ||||||||||||
Barry Fink (1955) | Director | Since 2012 (independent since 2016) | Retired | 72 | None | ||||||||||||
Rajesh K. Gupta (1960) | Director | Since 2019 | Partner Emeritus, SeaCrest Investment Management and SeaCrest Wealth Management (2019 to Present); Chief Executive Officer and Chief Investment Officer, SeaCrest Investment Management (2006 to 2019); Chief Executive Officer and Chief Investment Officer, SeaCrest Wealth Management (2008 to 2019) | 72 | None |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Lynn Jenkins (1963) | Director | Since 2019 | Consultant, LJ Strategies (2019 to present); United States Representative, U.S. House of Representatives (2009 to 2018) | 72 | MGP Ingredients, Inc. (2019 to 2021) | ||||||||||||
Jan M. Lewis (1957) | Director | Since 2011 | Retired | 72 | None | ||||||||||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 72 | Onto Innovation Inc. (2019 to 2020); Rudolph Technologies, Inc. (2006 to 2019) | ||||||||||||
Stephen E. Yates (1948) | Director and Chairman of the Board | Since 2012 (Chairman since 2018) | Retired | 103 | None | ||||||||||||
Interested Director | |||||||||||||||||
Jonathan S. Thomas (1963) | Director | Since 2007 | President and Chief Executive Officer, ACC (2007 to present). Also serves as Chief Executive Officer, ACS; Director, ACC and other ACC subsidiaries | 141 | None |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years | ||||||
Patrick Bannigan (1965) | President since 2019 | Executive Vice President and Director, ACC (2012 to present); Chief Financial Officer, Chief Accounting Officer and Treasurer, ACC (2015 to present). Also serves as President, ACS; Vice President, ACIM; Chief Financial Officer, Chief Accounting Officer and/or Director, ACIM, ACS and other ACC subsidiaries | ||||||
R. Wes Campbell (1974) | Chief Financial Officer and Treasurer since 2018 | Vice President, ACS, (2020 to present); Investment Operations and Investment Accounting, ACS (2000 to present) | ||||||
Amy D. Shelton (1964) | Chief Compliance Officer and Vice President since 2014 | Chief Compliance Officer, American Century funds, (2014 to present); Chief Compliance Officer, ACIM (2014 to present); Chief Compliance Officer, ACIS (2009 to present). Also serves as Vice President, ACIS | ||||||
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (1994 to present); Vice President, ACC (2005 to present); General Counsel, ACC (2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS | ||||||
C. Jean Wade (1964) | Vice President since 2012 | Senior Vice President, ACS (2017 to present); Vice President, ACS (2000 to 2017) | ||||||
Robert J. Leach (1966) | Vice President since 2006 | Vice President, ACS (2000 to present) | ||||||
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (1994 to present). Also serves as Vice President, ACIM and ACS | ||||||
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (2003 to present) |
Approval of Management Agreement |
Liquidity Risk Management Program |
Additional Information |
Notes |
Contact Us | americancentury.com | |||||||
Automated Information Line | 1-800-345-8765 | |||||||
Investor Services Representative | 1-800-345-2021 or 816-531-5575 | |||||||
Investors Using Advisors | 1-800-378-9878 | |||||||
Business, Not-For-Profit, Employer-Sponsored Retirement Plans | 1-800-345-3533 | |||||||
Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 | |||||||
Telecommunications Relay Service for the Deaf | 711 | |||||||
American Century Strategic Asset Allocations, Inc. | ||||||||
Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | ||||||||
This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | ||||||||
©2021 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-91039 2109 |
Annual Report | |||||
July 31, 2021 | |||||
Strategic Allocation: Moderate Fund | |||||
Investor Class (TWSMX) | |||||
I Class (ASAMX) | |||||
A Class (ACOAX) | |||||
C Class (ASTCX) | |||||
R Class (ASMRX) | |||||
R5 Class (ASMUX) | |||||
R6 Class (ASMDX) |
Table of Contents |
President’s Letter | |||||
Performance | |||||
Portfolio Commentary | |||||
Fund Characteristics | |||||
Shareholder Fee Example | |||||
Schedule of Investments | |||||
Statement of Assets and Liabilities | |||||
Statement of Operations | |||||
Statement of Changes in Net Assets | |||||
Notes to Financial Statements | |||||
Financial Highlights | |||||
Report of Independent Registered Public Accounting Firm | |||||
Management | |||||
Approval of Management Agreement | |||||
Liquidity Risk Management Program | |||||
Additional Information |
President’s Letter |
Performance |
Total Returns as of July 31, 2021 | ||||||||||||||||||||
Average Annual Returns | ||||||||||||||||||||
Ticker Symbol | 1 year | 5 years | 10 years | Since Inception | Inception Date | |||||||||||||||
Investor Class | TWSMX | 24.69% | 10.79% | 8.84% | — | 2/15/96 | ||||||||||||||
S&P 500 Index | — | 36.45% | 17.34% | 15.33% | — | — | ||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | -0.70% | 3.12% | 3.34% | — | — | ||||||||||||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index | — | 0.06% | 1.10% | 0.58% | — | — | ||||||||||||||
I Class | ASAMX | 24.93% | 11.04% | 9.05% | — | 8/1/00 | ||||||||||||||
A Class | ACOAX | 10/2/96 | ||||||||||||||||||
No sales charge | 24.48% | 10.52% | 8.57% | — | ||||||||||||||||
With sales charge | 17.31% | 9.22% | 7.93% | — | ||||||||||||||||
C Class | ASTCX | 23.55% | 9.71% | 7.74% | — | 10/2/01 | ||||||||||||||
R Class | ASMRX | 24.23% | 10.26% | 8.29% | — | 8/29/03 | ||||||||||||||
R5 Class | ASMUX | 25.10% | — | — | 11.60% | 4/10/17 | ||||||||||||||
R6 Class | ASMDX | 25.17% | 11.19% | — | 9.18% | 7/26/13 |
Growth of $10,000 Over 10 Years | ||
$10,000 investment made July 31, 2011 | ||
Performance for other share classes will vary due to differences in fee structure. |
Value on July 31, 2021 | |||||
Investor Class — $23,335 | |||||
S&P 500 Index — $41,689 | |||||
Bloomberg Barclays U.S. Aggregate Bond Index — $13,897 | |||||
Bloomberg Barclays U.S. 1-3 Month Treasury Bill Index — $10,600 | |||||
Total Annual Fund Operating Expenses | ||||||||||||||||||||
Investor Class | I Class | A Class | C Class | R Class | R5 Class | R6 Class | ||||||||||||||
1.24% | 1.04% | 1.49% | 2.24% | 1.74% | 1.04% | 0.89% |
Portfolio Commentary |
Fund Characteristics |
JULY 31, 2021 | |||||
Types of Investments in Portfolio | % of net assets | ||||
Affiliated Funds | 40.2% | ||||
Common Stocks | 26.6% | ||||
U.S. Treasury Securities | 10.0% | ||||
Corporate Bonds | 5.5% | ||||
Sovereign Governments and Agencies | 4.4% | ||||
Commercial Paper | 2.1% | ||||
Municipal Securities | 1.6% | ||||
Collateralized Loan Obligations | 1.4% | ||||
Collateralized Mortgage Obligations | 0.7% | ||||
U.S. Government Agency Mortgage-Backed Securities | 0.4% | ||||
Asset-Backed Securities | 0.4% | ||||
Preferred Stocks | 0.4% | ||||
Certificates of Deposit | 0.2% | ||||
Exchange-Traded Funds | —* | ||||
Temporary Cash Investments | 5.9% | ||||
Temporary Cash Investments - Securities Lending Collateral | 0.1% | ||||
Other Assets and Liabilities | 0.1% |
Shareholder Fee Example |
Beginning Account Value 2/1/21 | Ending Account Value 7/31/21 | Expenses Paid During Period(1) 2/1/21 - 7/31/21 | Annualized Expense Ratio(1) | |||||||||||
Actual | ||||||||||||||
Investor Class | $1,000 | $1,103.60 | $3.81 | 0.73% | ||||||||||
I Class | $1,000 | $1,104.70 | $2.77 | 0.53% | ||||||||||
A Class | $1,000 | $1,102.70 | $5.11 | 0.98% | ||||||||||
C Class | $1,000 | $1,097.70 | $9.00 | 1.73% | ||||||||||
R Class | $1,000 | $1,100.90 | $6.41 | 1.23% | ||||||||||
R5 Class | $1,000 | $1,104.50 | $2.77 | 0.53% | ||||||||||
R6 Class | $1,000 | $1,105.60 | $1.98 | 0.38% | ||||||||||
Hypothetical | ||||||||||||||
Investor Class | $1,000 | $1,021.18 | $3.66 | 0.73% | ||||||||||
I Class | $1,000 | $1,022.17 | $2.66 | 0.53% | ||||||||||
A Class | $1,000 | $1,019.94 | $4.91 | 0.98% | ||||||||||
C Class | $1,000 | $1,016.22 | $8.65 | 1.73% | ||||||||||
R Class | $1,000 | $1,018.70 | $6.16 | 1.23% | ||||||||||
R5 Class | $1,000 | $1,022.17 | $2.66 | 0.53% | ||||||||||
R6 Class | $1,000 | $1,022.91 | $1.91 | 0.38% |
Schedule of Investments |
Shares/Principal Amount | Value | ||||||||||
AFFILIATED FUNDS(1) — 40.2% | |||||||||||
American Century Diversified Corporate Bond ETF | 541,178 | $ | 28,618,575 | ||||||||
American Century Focused Dynamic Growth ETF | 329,973 | 27,285,467 | |||||||||
American Century Focused Large Cap Value ETF | 712,144 | 43,637,549 | |||||||||
American Century Quality Diversified International ETF | 585,117 | 30,471,548 | |||||||||
American Century STOXX U.S. Quality Growth ETF | 648,603 | 47,358,721 | |||||||||
American Century STOXX U.S. Quality Value ETF | 1,241,353 | 62,991,465 | |||||||||
Avantis Emerging Markets Equity ETF | 313,544 | 20,679,795 | |||||||||
Avantis International Equity ETF | 481,741 | 30,672,449 | |||||||||
Avantis International Small Cap Value ETF | 156,188 | 10,202,200 | |||||||||
Avantis U.S. Equity ETF | 837,500 | 62,686,875 | |||||||||
Avantis U.S. Small Cap Value ETF | 266,115 | 19,530,180 | |||||||||
TOTAL AFFILIATED FUNDS (Cost $282,593,174) | 384,134,824 | ||||||||||
COMMON STOCKS — 26.6% | |||||||||||
Aerospace and Defense — 0.4% | |||||||||||
Babcock International Group plc(2) | 64,573 | 229,501 | |||||||||
BAE Systems plc | 132,754 | 1,064,361 | |||||||||
CAE, Inc.(2) | 3,274 | 99,905 | |||||||||
General Dynamics Corp. | 4,133 | 810,192 | |||||||||
Lockheed Martin Corp. | 1,631 | 606,194 | |||||||||
Mercury Systems, Inc.(2) | 2,989 | 197,274 | |||||||||
Safran SA | 3,123 | 408,720 | |||||||||
Spirit AeroSystems Holdings, Inc., Class A | 2,938 | 126,951 | |||||||||
3,543,098 | |||||||||||
Air Freight and Logistics — 0.1% | |||||||||||
Expeditors International of Washington, Inc. | 2,365 | 303,311 | |||||||||
United Parcel Service, Inc., Class B | 3,284 | 628,426 | |||||||||
931,737 | |||||||||||
Airlines — 0.1% | |||||||||||
Ryanair Holdings plc, ADR(2) | 2,430 | 264,967 | |||||||||
Southwest Airlines Co.(2) | 17,302 | 874,097 | |||||||||
1,139,064 | |||||||||||
Auto Components — 0.4% | |||||||||||
Aptiv plc(2) | 9,420 | 1,571,727 | |||||||||
BorgWarner, Inc. | 13,114 | 642,324 | |||||||||
Bridgestone Corp. | 6,400 | 281,951 | |||||||||
Hyundai Mobis Co. Ltd. | 1,538 | 357,331 | |||||||||
Linamar Corp. | 2,292 | 135,617 | |||||||||
Minth Group Ltd. | 10,000 | 42,290 | |||||||||
Sumitomo Rubber Industries Ltd. | 13,900 | 187,082 | |||||||||
Valeo SA | 9,622 | 278,228 | |||||||||
3,496,550 | |||||||||||
Automobiles — 0.3% | |||||||||||
Bayerische Motoren Werke AG | 4,322 | 429,742 | |||||||||
Daimler AG | 10,887 | 971,549 | |||||||||
Honda Motor Co. Ltd., ADR | 17,588 | 564,575 |
Shares/Principal Amount | Value | ||||||||||
Nissan Motor Co. Ltd.(2) | 82,400 | $ | 478,236 | ||||||||
Tesla, Inc.(2) | 498 | 342,226 | |||||||||
2,786,328 | |||||||||||
Banks — 1.2% | |||||||||||
AIB Group plc(2) | 45,675 | 112,180 | |||||||||
Banco Bilbao Vizcaya Argentaria SA(2) | 63,533 | 406,705 | |||||||||
Banco Bradesco SA | 26,149 | 104,430 | |||||||||
Banco do Brasil SA | 30,300 | 183,665 | |||||||||
Bank Central Asia Tbk PT | 73,000 | 150,698 | |||||||||
Bank of America Corp. | 22,250 | 853,510 | |||||||||
Barclays plc | 331,247 | 801,313 | |||||||||
BNP Paribas SA | 9,424 | 574,667 | |||||||||
BPER Banca | 44,985 | 87,699 | |||||||||
CaixaBank SA | 126,561 | 375,875 | |||||||||
Canadian Western Bank | 3,849 | 104,925 | |||||||||
Commerce Bancshares, Inc. | 1,463 | 103,478 | |||||||||
Commerzbank AG(2) | 21,357 | 137,538 | |||||||||
Eastern Bankshares, Inc. | 3,251 | 59,331 | |||||||||
First Hawaiian, Inc. | 11,446 | 315,108 | |||||||||
HDFC Bank Ltd., ADR | 5,285 | 372,962 | |||||||||
HSBC Holdings plc | 74,800 | 412,865 | |||||||||
JPMorgan Chase & Co. | 7,185 | 1,090,539 | |||||||||
Jyske Bank A/S(2) | 1,769 | 85,838 | |||||||||
M&T Bank Corp. | 4,134 | 553,336 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 111,700 | 590,075 | |||||||||
Mizuho Financial Group, Inc. | 30,000 | 428,688 | |||||||||
Prosperity Bancshares, Inc. | 5,222 | 356,088 | |||||||||
Regions Financial Corp. | 35,233 | 678,235 | |||||||||
Silvergate Capital Corp., Class A(2) | 1,308 | 134,462 | |||||||||
Societe Generale SA | 8,918 | 261,170 | |||||||||
Standard Chartered plc (London) | 21,305 | 127,719 | |||||||||
Sumitomo Mitsui Financial Group, Inc. | 11,100 | 374,171 | |||||||||
Triumph Bancorp, Inc.(2) | 2,442 | 187,204 | |||||||||
Truist Financial Corp. | 14,869 | 809,320 | |||||||||
UniCredit SpA | 13,368 | 159,900 | |||||||||
Virgin Money UK plc(2) | 21,028 | 58,120 | |||||||||
Westamerica Bancorporation | 5,852 | 325,079 | |||||||||
11,376,893 | |||||||||||
Beverages — 0.2% | |||||||||||
Boston Beer Co., Inc. (The), Class A(2) | 494 | 350,740 | |||||||||
MGP Ingredients, Inc. | 1,549 | 92,398 | |||||||||
PepsiCo, Inc. | 5,808 | 911,566 | |||||||||
Royal Unibrew A/S | 804 | 108,953 | |||||||||
1,463,657 | |||||||||||
Biotechnology — 0.5% | |||||||||||
AbbVie, Inc. | 2,062 | 239,811 | |||||||||
Acceleron Pharma, Inc.(2) | 938 | 117,306 | |||||||||
ADC Therapeutics SA(2)(3) | 3,343 | 70,337 | |||||||||
Alnylam Pharmaceuticals, Inc.(2) | 2,636 | 471,686 | |||||||||
Amgen, Inc. | 1,895 | 457,718 | |||||||||
Arcutis Biotherapeutics, Inc.(2) | 3,340 | 77,922 |
Shares/Principal Amount | Value | ||||||||||
Arena Pharmaceuticals, Inc.(2) | 1,118 | $ | 69,159 | ||||||||
Argenx SE, ADR(2) | 1,091 | 332,133 | |||||||||
Biohaven Pharmaceutical Holding Co. Ltd.(2) | 1,624 | 204,640 | |||||||||
Blueprint Medicines Corp.(2) | 1,358 | 119,327 | |||||||||
Bridgebio Pharma, Inc.(2) | 2,281 | 121,919 | |||||||||
Centessa Pharmaceuticals plc, ADR(2) | 3,304 | 68,195 | |||||||||
Cytokinetics, Inc.(2) | 2,932 | 87,022 | |||||||||
Deciphera Pharmaceuticals, Inc.(2) | 2,630 | 80,189 | |||||||||
Erasca, Inc.(2) | 2,592 | 54,432 | |||||||||
Fate Therapeutics, Inc.(2) | 1,148 | 95,054 | |||||||||
FibroGen, Inc.(2) | 2,440 | 31,720 | |||||||||
Flexion Therapeutics, Inc.(2) | 6,348 | 37,644 | |||||||||
Global Blood Therapeutics, Inc.(2) | 3,007 | 82,181 | |||||||||
Halozyme Therapeutics, Inc.(2) | 3,715 | 153,541 | |||||||||
Heron Therapeutics, Inc.(2) | 2,915 | 36,029 | |||||||||
Horizon Therapeutics plc(2) | 5,400 | 540,108 | |||||||||
Immunovant, Inc.(2) | 2,380 | 24,895 | |||||||||
Insmed, Inc.(2) | 4,745 | 116,727 | |||||||||
Intellia Therapeutics, Inc.(2) | 615 | 87,238 | |||||||||
Invitae Corp.(2)(3) | 2,055 | 57,519 | |||||||||
Iovance Biotherapeutics, Inc.(2) | 1,144 | 25,477 | |||||||||
KalVista Pharmaceuticals, Inc.(2) | 2,440 | 49,142 | |||||||||
Karuna Therapeutics, Inc.(2) | 1,126 | 128,612 | |||||||||
Kinnate Biopharma, Inc.(2)(3) | 1,564 | 33,751 | |||||||||
Kymera Therapeutics, Inc.(2) | 1,326 | 79,799 | |||||||||
Natera, Inc.(2) | 5,019 | 574,776 | |||||||||
Relay Therapeutics, Inc.(2) | 1,765 | 57,257 | |||||||||
Sigilon Therapeutics, Inc.(2) | 3,130 | 15,775 | |||||||||
Turning Point Therapeutics, Inc.(2) | 2,741 | 174,931 | |||||||||
Vertex Pharmaceuticals, Inc.(2) | 982 | 197,951 | |||||||||
5,171,923 | |||||||||||
Building Products — 0.3% | |||||||||||
Johnson Controls International plc | 14,067 | 1,004,665 | |||||||||
Masco Corp. | 6,609 | 394,623 | |||||||||
Masonite International Corp.(2) | 1,730 | 195,767 | |||||||||
Sanwa Holdings Corp. | 5,100 | 62,064 | |||||||||
Trane Technologies plc | 4,360 | 887,739 | |||||||||
Trex Co., Inc.(2) | 1,536 | 149,146 | |||||||||
2,694,004 | |||||||||||
Capital Markets — 1.2% | |||||||||||
Ameriprise Financial, Inc. | 4,291 | 1,105,190 | |||||||||
Bank of New York Mellon Corp. (The) | 27,551 | 1,414,193 | |||||||||
BlackRock, Inc. | 692 | 600,082 | |||||||||
Credit Suisse Group AG | 49,788 | 499,836 | |||||||||
flatexDEGIRO AG(2) | 622 | 75,163 | |||||||||
GCM Grosvenor, Inc., Class A | 7,706 | 76,752 | |||||||||
Intercontinental Exchange, Inc. | 2,512 | 301,013 | |||||||||
Intermediate Capital Group plc | 5,971 | 179,939 | |||||||||
LPL Financial Holdings, Inc. | 5,970 | 842,009 | |||||||||
MarketAxess Holdings, Inc. | 824 | 391,540 | |||||||||
Morgan Stanley | 11,372 | 1,091,484 |
Shares/Principal Amount | Value | ||||||||||
MSCI, Inc. | 1,389 | $ | 827,788 | ||||||||
Northern Trust Corp. | 10,962 | 1,237,062 | |||||||||
Open Lending Corp., Class A(2) | 6,912 | 262,656 | |||||||||
Partners Group Holding AG | 329 | 562,052 | |||||||||
S&P Global, Inc. | 1,701 | 729,253 | |||||||||
State Street Corp. | 3,983 | 347,078 | |||||||||
T. Rowe Price Group, Inc. | 2,823 | 576,344 | |||||||||
11,119,434 | |||||||||||
Chemicals — 0.4% | |||||||||||
Air Liquide SA | 1,931 | 335,817 | |||||||||
Air Products and Chemicals, Inc. | 1,015 | 295,396 | |||||||||
Albemarle Corp. | 1,484 | 305,763 | |||||||||
Axalta Coating Systems Ltd.(2) | 15,704 | 472,690 | |||||||||
Corbion NV | 466 | 25,511 | |||||||||
Diversey Holdings Ltd.(2) | 9,117 | 152,072 | |||||||||
Ecolab, Inc. | 1,339 | 295,691 | |||||||||
Element Solutions, Inc. | 23,713 | 554,647 | |||||||||
Koninklijke DSM NV | 1,715 | 345,712 | |||||||||
Linde plc | 2,505 | 770,012 | |||||||||
OCI NV(2) | 2,330 | 56,523 | |||||||||
Sherwin-Williams Co. (The) | 1,322 | 384,742 | |||||||||
Zeon Corp. | 4,200 | 57,386 | |||||||||
4,051,962 | |||||||||||
Commercial Services and Supplies — 0.2% | |||||||||||
Brink's Co. (The) | 3,298 | 253,814 | |||||||||
Clean Harbors, Inc.(2) | 2,528 | 240,160 | |||||||||
Driven Brands Holdings, Inc.(2) | 8,795 | 279,857 | |||||||||
Elis SA(2) | 5,962 | 106,915 | |||||||||
Loomis AB | 3,510 | 117,690 | |||||||||
Republic Services, Inc. | 6,032 | 713,948 | |||||||||
1,712,384 | |||||||||||
Communications Equipment — 0.4% | |||||||||||
Arista Networks, Inc.(2) | 2,873 | 1,092,861 | |||||||||
Cisco Systems, Inc. | 12,719 | 704,251 | |||||||||
F5 Networks, Inc.(2) | 7,816 | 1,614,082 | |||||||||
Juniper Networks, Inc. | 13,784 | 387,882 | |||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 31,215 | 360,039 | |||||||||
4,159,115 | |||||||||||
Construction and Engineering† | |||||||||||
Arcadis NV | 2,432 | 107,702 | |||||||||
Hazama Ando Corp. | 10,500 | 79,880 | |||||||||
187,582 | |||||||||||
Construction Materials — 0.1% | |||||||||||
Buzzi Unicem SpA | 2,124 | 56,144 | |||||||||
Cemex SAB de CV, ADR(2) | 66,125 | 537,596 | |||||||||
Eagle Materials, Inc. | 1,115 | 157,572 | |||||||||
Summit Materials, Inc., Class A(2) | 2,635 | 88,536 | |||||||||
839,848 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
American Express Co. | 2,950 | 503,064 | |||||||||
goeasy Ltd.(3) | 891 | 122,123 | |||||||||
625,187 |
Shares/Principal Amount | Value | ||||||||||
Containers and Packaging — 0.4% | |||||||||||
Amcor plc | 25,295 | $ | 292,410 | ||||||||
Avery Dennison Corp. | 4,110 | 865,895 | |||||||||
Ball Corp. | 8,665 | 700,825 | |||||||||
Intertape Polymer Group, Inc. | 4,888 | 108,801 | |||||||||
Packaging Corp. of America | 2,777 | 392,946 | |||||||||
SIG Combibloc Group AG(2) | 4,052 | 119,557 | |||||||||
Sonoco Products Co. | 16,043 | 1,023,383 | |||||||||
3,503,817 | |||||||||||
Distributors† | |||||||||||
D'ieteren Group | 1,091 | 174,864 | |||||||||
Diversified Consumer Services† | |||||||||||
Chegg, Inc.(2) | 2,296 | 203,494 | |||||||||
IDP Education Ltd. | 4,295 | 88,998 | |||||||||
292,492 | |||||||||||
Diversified Financial Services† | |||||||||||
Zenkoku Hosho Co. Ltd. | 2,200 | 99,816 | |||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
BT Group plc(2) | 55,464 | 133,598 | |||||||||
Cellnex Telecom SA | 10,715 | 698,796 | |||||||||
Verizon Communications, Inc. | 4,813 | 268,469 | |||||||||
1,100,863 | |||||||||||
Electric Utilities — 0.4% | |||||||||||
Edison International | 16,612 | 905,354 | |||||||||
Evergy, Inc. | 5,054 | 329,622 | |||||||||
Eversource Energy | 4,119 | 355,346 | |||||||||
Iberdrola SA | 27,880 | 335,538 | |||||||||
NextEra Energy, Inc. | 14,217 | 1,107,504 | |||||||||
Pinnacle West Capital Corp. | 10,941 | 914,121 | |||||||||
Xcel Energy, Inc. | 2,190 | 149,467 | |||||||||
4,096,952 | |||||||||||
Electrical Equipment — 0.7% | |||||||||||
AMETEK, Inc. | 5,266 | 732,237 | |||||||||
Eaton Corp. plc | 2,955 | 467,038 | |||||||||
Emerson Electric Co. | 11,278 | 1,137,837 | |||||||||
Generac Holdings, Inc.(2) | 983 | 412,231 | |||||||||
Hubbell, Inc. | 3,329 | 667,331 | |||||||||
Nexans SA | 1,316 | 125,959 | |||||||||
nVent Electric plc | 46,767 | 1,478,305 | |||||||||
Plug Power, Inc.(2) | 4,307 | 117,495 | |||||||||
Rockwell Automation, Inc. | 2,094 | 643,738 | |||||||||
Schneider Electric SE | 3,874 | 648,850 | |||||||||
Sensata Technologies Holding plc(2) | 3,191 | 187,056 | |||||||||
Ushio, Inc. | 4,000 | 71,676 | |||||||||
6,689,753 | |||||||||||
Electronic Equipment, Instruments and Components — 0.5% | |||||||||||
CDW Corp. | 2,657 | 487,161 | |||||||||
Cognex Corp. | 13,085 | 1,183,015 | |||||||||
Comet Holding AG | 287 | 93,976 | |||||||||
Fabrinet(2) | 1,078 | 101,893 | |||||||||
Hexagon AB, B Shares | 30,254 | 500,813 |
Shares/Principal Amount | Value | ||||||||||
Jabil, Inc. | 2,751 | $ | 163,794 | ||||||||
Keyence Corp. | 800 | 445,602 | |||||||||
Keysight Technologies, Inc.(2) | 9,065 | 1,491,646 | |||||||||
National Instruments Corp. | 2,715 | 119,759 | |||||||||
nLight, Inc.(2) | 5,974 | 207,238 | |||||||||
Sesa SpA(2) | 632 | 112,523 | |||||||||
TE Connectivity Ltd. | 2,120 | 312,636 | |||||||||
5,220,056 | |||||||||||
Energy Equipment and Services — 0.1% | |||||||||||
Baker Hughes Co. | 21,486 | 456,363 | |||||||||
Schlumberger NV | 11,935 | 344,086 | |||||||||
800,449 | |||||||||||
Entertainment — 0.4% | |||||||||||
Activision Blizzard, Inc. | 2,918 | 244,003 | |||||||||
Live Nation Entertainment, Inc.(2) | 3,789 | 298,914 | |||||||||
ROBLOX Corp., Class A(2) | 1,584 | 121,936 | |||||||||
Roku, Inc.(2) | 1,999 | 856,192 | |||||||||
Sea Ltd., ADR(2) | 1,246 | 344,095 | |||||||||
Walt Disney Co. (The)(2) | 6,158 | 1,083,931 | |||||||||
Zynga, Inc., Class A(2) | 47,155 | 476,266 | |||||||||
3,425,337 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 2.5% | |||||||||||
American Campus Communities, Inc. | 4,509 | 226,848 | |||||||||
Brixmor Property Group, Inc. | 12,380 | 284,988 | |||||||||
Capital & Counties Properties plc(2) | 79,077 | 187,540 | |||||||||
Charter Hall Group | 25,744 | 307,637 | |||||||||
Comforia Residential REIT, Inc. | 52 | 166,167 | |||||||||
Community Healthcare Trust, Inc. | 2,092 | 104,244 | |||||||||
CoreSite Realty Corp. | 1,511 | 208,835 | |||||||||
Crown Castle International Corp. | 831 | 160,458 | |||||||||
Empire State Realty Trust, Inc., Class A | 10,108 | 115,534 | |||||||||
Equinix, Inc. | 1,844 | 1,512,836 | |||||||||
Equity Residential | 7,199 | 605,652 | |||||||||
Essential Properties Realty Trust, Inc. | 4,793 | 142,831 | |||||||||
Essex Property Trust, Inc. | 2,830 | 928,523 | |||||||||
Extra Space Storage, Inc. | 3,432 | 597,649 | |||||||||
Fibra Uno Administracion SA de CV | 206,417 | 224,602 | |||||||||
Global Medical REIT, Inc. | 7,379 | 114,817 | |||||||||
Goodman Group | 41,353 | 687,790 | |||||||||
Healthcare Trust of America, Inc., Class A | 20,210 | 577,804 | |||||||||
Healthpeak Properties, Inc. | 21,726 | 803,210 | |||||||||
Ingenia Communities Group | 41,392 | 176,676 | |||||||||
Innovative Industrial Properties, Inc. | 2,621 | 563,489 | |||||||||
Invincible Investment Corp. | 393 | 154,397 | |||||||||
Invitation Homes, Inc. | 22,937 | 933,077 | |||||||||
Iron Mountain, Inc. | 6,334 | 277,176 | |||||||||
Japan Hotel REIT Investment Corp. | 121 | 73,787 | |||||||||
Kilroy Realty Corp. | 3,667 | 254,013 | |||||||||
Kimco Realty Corp. | 18,474 | 394,050 | |||||||||
Klepierre SA(2) | 9,293 | 225,002 | |||||||||
LaSalle Logiport REIT | 121 | 221,624 |
Shares/Principal Amount | Value | ||||||||||
Life Storage, Inc. | 4,299 | $ | 504,531 | ||||||||
Link REIT | 33,900 | 323,960 | |||||||||
Mapletree Commercial Trust | 119,800 | 190,730 | |||||||||
Mapletree Logistics Trust | 100,500 | 156,475 | |||||||||
MGM Growth Properties LLC, Class A | 19,253 | 727,763 | |||||||||
Mitsubishi Estate Logistics REIT Investment Corp. | 34 | 156,750 | |||||||||
NETSTREIT Corp. | 5,845 | 151,678 | |||||||||
Orix JREIT, Inc. | 89 | 169,819 | |||||||||
Prologis, Inc. | 23,431 | 3,000,105 | |||||||||
Realty Income Corp. | 6,861 | 482,260 | |||||||||
Rexford Industrial Realty, Inc. | 6,293 | 387,145 | |||||||||
Ryman Hospitality Properties, Inc.(2) | 2,371 | 181,856 | |||||||||
SBA Communications Corp. | 762 | 259,834 | |||||||||
Segro plc | 22,751 | 384,588 | |||||||||
Shaftesbury plc(3) | 22,947 | 188,099 | |||||||||
Simon Property Group, Inc. | 4,779 | 604,639 | |||||||||
SL Green Realty Corp. | 2,505 | 186,522 | |||||||||
SOSiLA Logistics REIT, Inc. | 160 | 251,093 | |||||||||
Sun Communities, Inc. | 3,423 | 671,285 | |||||||||
Tritax Big Box REIT plc | 41,962 | 122,762 | |||||||||
UDR, Inc. | 15,715 | 864,168 | |||||||||
Urban Edge Properties | 12,392 | 235,448 | |||||||||
Ventas, Inc. | 5,296 | 316,595 | |||||||||
VICI Properties, Inc. | 9,999 | 311,869 | |||||||||
Welltower, Inc. | 8,403 | 729,885 | |||||||||
Weyerhaeuser Co. | 4,898 | 165,210 | |||||||||
Workspace Group plc | 19,466 | 233,162 | |||||||||
Xenia Hotels & Resorts, Inc.(2) | 13,801 | 244,002 | |||||||||
23,433,489 | |||||||||||
Food and Staples Retailing — 0.3% | |||||||||||
Costco Wholesale Corp. | 788 | 338,619 | |||||||||
Koninklijke Ahold Delhaize NV | 34,667 | 1,077,618 | |||||||||
MARR SpA(2) | 3,702 | 85,917 | |||||||||
Matsumotokiyoshi Holdings Co. Ltd. | 2,400 | 106,637 | |||||||||
Sysco Corp. | 11,868 | 880,606 | |||||||||
Zur Rose Group AG(2) | 924 | 343,578 | |||||||||
2,832,975 | |||||||||||
Food Products — 0.4% | |||||||||||
Bakkafrost P/F | 1,808 | 153,648 | |||||||||
Beyond Meat, Inc.(2) | 158 | 19,387 | |||||||||
Conagra Brands, Inc. | 29,984 | 1,004,164 | |||||||||
General Mills, Inc. | 5,828 | 343,036 | |||||||||
Glanbia plc | 6,416 | 110,144 | |||||||||
J.M. Smucker Co. (The) | 3,557 | 466,358 | |||||||||
Kellogg Co. | 5,791 | 366,918 | |||||||||
Mondelez International, Inc., Class A | 7,458 | 471,793 | |||||||||
Orkla ASA | 43,267 | 392,968 | |||||||||
Vital Farms, Inc.(2) | 2,184 | 38,024 | |||||||||
Whole Earth Brands, Inc.(2) | 9,887 | 127,147 | |||||||||
3,493,587 | |||||||||||
Gas Utilities — 0.1% | |||||||||||
Atmos Energy Corp. | 4,580 | 451,542 |
Shares/Principal Amount | Value | ||||||||||
Nippon Gas Co. Ltd. | 8,100 | $ | 127,940 | ||||||||
Spire, Inc. | 5,994 | 425,274 | |||||||||
1,004,756 | |||||||||||
Health Care Equipment and Supplies — 0.9% | |||||||||||
Align Technology, Inc.(2) | 800 | 556,640 | |||||||||
Arjo AB, B Shares | 4,033 | 50,944 | |||||||||
Baxter International, Inc. | 3,988 | 308,472 | |||||||||
Becton Dickinson and Co. | 2,514 | 642,956 | |||||||||
DexCom, Inc.(2) | 1,513 | 779,967 | |||||||||
Eargo, Inc.(2) | 3,199 | 115,164 | |||||||||
Edwards Lifesciences Corp.(2) | 5,674 | 637,020 | |||||||||
Elekta AB, B Shares | 3,589 | 52,383 | |||||||||
Envista Holdings Corp.(2) | 6,518 | 280,795 | |||||||||
IDEXX Laboratories, Inc.(2) | 1,476 | 1,001,510 | |||||||||
Inmode Ltd.(2) | 1,207 | 137,200 | |||||||||
Koninklijke Philips NV | 8,353 | 384,572 | |||||||||
Medtronic plc | 4,084 | 536,270 | |||||||||
NeuroPace, Inc.(2) | 4,545 | 96,809 | |||||||||
Olympus Corp. | 13,900 | 286,053 | |||||||||
Ortho Clinical Diagnostics Holdings plc(2) | 8,986 | 201,915 | |||||||||
OrthoPediatrics Corp.(2) | 1,508 | 94,763 | |||||||||
ResMed, Inc. | 511 | 138,890 | |||||||||
Silk Road Medical, Inc.(2) | 2,958 | 148,432 | |||||||||
Tandem Diabetes Care, Inc.(2) | 2,467 | 268,089 | |||||||||
Teleflex, Inc. | 1,245 | 494,800 | |||||||||
Zimmer Biomet Holdings, Inc. | 10,898 | 1,780,951 | |||||||||
8,994,595 | |||||||||||
Health Care Providers and Services — 1.1% | |||||||||||
Alfresa Holdings Corp. | 17,600 | 268,046 | |||||||||
Amedisys, Inc.(2) | 1,968 | 512,900 | |||||||||
Amvis Holdings, Inc. | 800 | 44,151 | |||||||||
ATI Physical Therapy, Inc.(2)(3) | 13,212 | 45,053 | |||||||||
Cano Health, Inc.(2) | 6,538 | 70,284 | |||||||||
Cardinal Health, Inc. | 15,510 | 920,984 | |||||||||
Centene Corp.(2) | 6,184 | 424,284 | |||||||||
Chartwell Retirement Residences | 17,992 | 189,063 | |||||||||
Cigna Corp. | 3,123 | 716,697 | |||||||||
Covetrus, Inc.(2) | 905 | 23,041 | |||||||||
CVS Health Corp. | 6,801 | 560,130 | |||||||||
Encompass Health Corp. | 9,809 | 816,599 | |||||||||
Ensign Group, Inc. (The) | 1,487 | 126,499 | |||||||||
HealthEquity, Inc.(2) | 3,421 | 253,086 | |||||||||
Henry Schein, Inc.(2) | 11,306 | 906,176 | |||||||||
Humana, Inc. | 660 | 281,068 | |||||||||
McKesson Corp. | 3,405 | 694,041 | |||||||||
Option Care Health, Inc.(2) | 8,013 | 166,029 | |||||||||
Quest Diagnostics, Inc. | 7,850 | 1,113,130 | |||||||||
R1 RCM, Inc.(2) | 20,512 | 439,162 | |||||||||
RadNet, Inc.(2) | 5,090 | 187,007 | |||||||||
UnitedHealth Group, Inc. | 2,040 | 840,929 | |||||||||
Universal Health Services, Inc., Class B | 6,642 | 1,065,443 | |||||||||
10,663,802 |
Shares/Principal Amount | Value | ||||||||||
Health Care Technology — 0.3% | |||||||||||
Cerner Corp. | 13,721 | $ | 1,103,031 | ||||||||
Health Catalyst, Inc.(2) | 4,182 | 242,807 | |||||||||
OptimizeRx Corp.(2) | 1,817 | 100,426 | |||||||||
Veeva Systems, Inc., Class A(2) | 2,788 | 927,595 | |||||||||
2,373,859 | |||||||||||
Hotels, Restaurants and Leisure — 0.6% | |||||||||||
Autogrill SpA(2)(3) | 13,296 | 93,286 | |||||||||
Basic-Fit NV(2)(3) | 1,920 | 88,745 | |||||||||
Booking Holdings, Inc.(2) | 180 | 392,087 | |||||||||
Brinker International, Inc.(2) | 2,118 | 115,092 | |||||||||
Chipotle Mexican Grill, Inc.(2) | 585 | 1,090,112 | |||||||||
Churchill Downs, Inc. | 987 | 183,385 | |||||||||
Corporate Travel Management Ltd.(2) | 4,287 | 68,438 | |||||||||
Cracker Barrel Old Country Store, Inc. | 1,280 | 174,310 | |||||||||
Expedia Group, Inc.(2) | 3,012 | 484,540 | |||||||||
Food & Life Cos. Ltd. | 3,300 | 134,457 | |||||||||
Greggs plc(2) | 3,627 | 138,979 | |||||||||
Hilton Worldwide Holdings, Inc.(2) | 4,008 | 526,852 | |||||||||
Las Vegas Sands Corp.(2) | 9,824 | 416,046 | |||||||||
Planet Fitness, Inc., Class A(2) | 1,943 | 146,172 | |||||||||
SeaWorld Entertainment, Inc.(2) | 1,638 | 77,658 | |||||||||
Sodexo SA(2) | 6,307 | 537,391 | |||||||||
Travel + Leisure Co. | 542 | 28,076 | |||||||||
Whitbread plc(2) | 8,672 | 366,529 | |||||||||
Wingstop, Inc. | 1,014 | 173,708 | |||||||||
Wyndham Hotels & Resorts, Inc. | 2,919 | 210,343 | |||||||||
5,446,206 | |||||||||||
Household Durables — 0.1% | |||||||||||
Haseko Corp. | 12,300 | 166,447 | |||||||||
Man Wah Holdings Ltd. | 26,400 | 52,972 | |||||||||
Open House Co. Ltd. | 10,000 | 505,597 | |||||||||
Sonos, Inc.(2) | 5,478 | 182,856 | |||||||||
Taylor Wimpey plc | 170,242 | 389,219 | |||||||||
Token Corp. | 1,000 | 90,275 | |||||||||
1,387,366 | |||||||||||
Household Products — 0.2% | |||||||||||
Colgate-Palmolive Co. | 3,700 | 294,150 | |||||||||
Kimberly-Clark Corp. | 3,789 | 514,243 | |||||||||
Procter & Gamble Co. (The) | 4,921 | 699,914 | |||||||||
Reynolds Consumer Products, Inc. | 2,200 | 62,590 | |||||||||
1,570,897 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
Honeywell International, Inc. | 3,591 | 839,540 | |||||||||
Lifco AB, B Shares | 4,080 | 119,666 | |||||||||
959,206 | |||||||||||
Insurance — 0.7% | |||||||||||
Aegon NV | 49,967 | 212,739 | |||||||||
Aflac, Inc. | 20,997 | 1,154,835 | |||||||||
AIA Group Ltd. | 25,200 | 301,537 | |||||||||
Allstate Corp. (The) | 3,785 | 492,239 |
Shares/Principal Amount | Value | ||||||||||
Arthur J. Gallagher & Co. | 1,598 | $ | 222,617 | ||||||||
Chubb Ltd. | 7,178 | 1,211,216 | |||||||||
Goosehead Insurance, Inc., Class A | 1,014 | 121,873 | |||||||||
Hartford Financial Services Group, Inc. (The) | 4,393 | 279,483 | |||||||||
Kinsale Capital Group, Inc. | 1,004 | 179,360 | |||||||||
Marsh & McLennan Cos., Inc. | 2,018 | 297,090 | |||||||||
Palomar Holdings, Inc.(2) | 1,542 | 125,565 | |||||||||
Prudential Financial, Inc. | 2,661 | 266,845 | |||||||||
Reinsurance Group of America, Inc. | 7,831 | 862,820 | |||||||||
Ryan Specialty Group Holdings, Inc., Class A(2) | 3,472 | 102,424 | |||||||||
SelectQuote, Inc.(2) | 14,810 | 263,618 | |||||||||
Storebrand ASA | 10,060 | 86,375 | |||||||||
Travelers Cos., Inc. (The) | 2,471 | 367,981 | |||||||||
6,548,617 | |||||||||||
Interactive Media and Services — 0.7% | |||||||||||
Alphabet, Inc., Class A(2) | 1,153 | 3,106,793 | |||||||||
Baidu, Inc., Class A(2) | 20,200 | 413,898 | |||||||||
carsales.com Ltd. | 4,849 | 78,190 | |||||||||
Eventbrite, Inc., Class A(2) | 6,491 | 115,345 | |||||||||
Facebook, Inc., Class A(2) | 2,604 | 927,805 | |||||||||
fuboTV, Inc.(2)(3) | 3,346 | 87,130 | |||||||||
Match Group, Inc.(2) | 4,646 | 739,969 | |||||||||
Pinterest, Inc., Class A(2) | 8,750 | 515,375 | |||||||||
QuinStreet, Inc.(2) | 12,600 | 231,084 | |||||||||
Tencent Holdings Ltd. | 8,600 | 518,650 | |||||||||
6,734,239 | |||||||||||
Internet and Direct Marketing Retail — 0.4% | |||||||||||
Alibaba Group Holding Ltd.(2) | 16,400 | 400,533 | |||||||||
Amazon.com, Inc.(2) | 748 | 2,489,037 | |||||||||
ASKUL Corp. | 3,400 | 51,323 | |||||||||
ASOS plc(2) | 5,092 | 269,249 | |||||||||
BHG Group AB(2) | 1,623 | 25,034 | |||||||||
Chewy, Inc., Class A(2)(3) | 4,614 | 386,192 | |||||||||
Etsy, Inc.(2) | 2,660 | 488,137 | |||||||||
Revolve Group, Inc.(2) | 1,808 | 125,855 | |||||||||
4,235,360 | |||||||||||
IT Services — 1.0% | |||||||||||
Accenture plc, Class A | 2,369 | 752,584 | |||||||||
Adyen NV(2) | 225 | 609,761 | |||||||||
Alten SA | 747 | 118,747 | |||||||||
Amdocs Ltd. | 4,166 | 321,240 | |||||||||
Atos SE | 3,470 | 165,945 | |||||||||
Capgemini SE | 3,106 | 671,370 | |||||||||
Capita plc(2) | 135,509 | 66,386 | |||||||||
DigitalOcean Holdings, Inc.(2) | 2,570 | 132,355 | |||||||||
Edenred | 6,061 | 352,120 | |||||||||
Endava plc, ADR(2) | 1,065 | 136,980 | |||||||||
EPAM Systems, Inc.(2) | 1,168 | 653,846 | |||||||||
Euronet Worldwide, Inc.(2) | 1,954 | 279,070 | |||||||||
GDS Holdings Ltd., Class A(2) | 8,200 | 60,799 | |||||||||
I3 Verticals, Inc., Class A(2) | 6,312 | 201,479 |
Shares/Principal Amount | Value | ||||||||||
Indra Sistemas SA(2) | 16,788 | $ | 175,745 | ||||||||
Mastercard, Inc., Class A | 2,277 | 878,785 | |||||||||
MAXIMUS, Inc. | 2,926 | 260,414 | |||||||||
Nuvei Corp.(2) | 1,258 | 103,156 | |||||||||
Okta, Inc.(2) | 2,803 | 694,555 | |||||||||
PayPal Holdings, Inc.(2) | 3,583 | 987,224 | |||||||||
Perficient, Inc.(2) | 1,950 | 183,866 | |||||||||
Repay Holdings Corp.(2) | 4,127 | 102,804 | |||||||||
Square, Inc., Class A(2) | 1,941 | 479,932 | |||||||||
Twilio, Inc., Class A(2) | 1,505 | 562,253 | |||||||||
Visa, Inc., Class A | 3,753 | 924,702 | |||||||||
9,876,118 | |||||||||||
Leisure Products — 0.1% | |||||||||||
Accell Group NV(2) | 1,598 | 79,137 | |||||||||
BRP, Inc. | 1,322 | 110,764 | |||||||||
Brunswick Corp. | 2,028 | 211,723 | |||||||||
Callaway Golf Co.(2) | 5,788 | 183,364 | |||||||||
Hayward Holdings, Inc.(2) | 9,211 | 221,893 | |||||||||
Peloton Interactive, Inc., Class A(2) | 1,942 | 229,253 | |||||||||
Polaris, Inc. | 2,563 | 335,932 | |||||||||
1,372,066 | |||||||||||
Life Sciences Tools and Services — 0.5% | |||||||||||
10X Genomics, Inc., Class A(2) | 2,121 | 388,631 | |||||||||
Agilent Technologies, Inc. | 4,587 | 702,866 | |||||||||
Akoya Biosciences, Inc.(2)(3) | 2,743 | 47,564 | |||||||||
Bio-Techne Corp. | 1,235 | 595,566 | |||||||||
ICON plc(2) | 1,051 | 255,677 | |||||||||
Lonza Group AG | 672 | 523,236 | |||||||||
Mettler-Toledo International, Inc.(2) | 599 | 882,752 | |||||||||
NeoGenomics, Inc.(2) | 3,768 | 173,705 | |||||||||
Repligen Corp.(2) | 1,649 | 405,159 | |||||||||
Thermo Fisher Scientific, Inc. | 1,161 | 626,952 | |||||||||
Wuxi Biologics Cayman, Inc.(2) | 27,000 | 412,405 | |||||||||
5,014,513 | |||||||||||
Machinery — 0.7% | |||||||||||
ANDRITZ AG | 2,113 | 116,331 | |||||||||
Astec Industries, Inc. | 1,875 | 114,956 | |||||||||
Crane Co. | 3,762 | 365,779 | |||||||||
Cummins, Inc. | 3,292 | 764,073 | |||||||||
Evoqua Water Technologies Corp.(2) | 5,434 | 179,376 | |||||||||
FANUC Corp. | 1,200 | 268,761 | |||||||||
Graco, Inc. | 5,119 | 399,692 | |||||||||
IHI Corp.(2) | 5,200 | 120,276 | |||||||||
IMI plc | 7,691 | 188,159 | |||||||||
Japan Steel Works Ltd. (The) | 2,600 | 63,960 | |||||||||
Kornit Digital Ltd.(2) | 939 | 124,098 | |||||||||
Metso Outotec Oyj | 13,684 | 155,370 | |||||||||
Oshkosh Corp. | 4,138 | 494,698 | |||||||||
PACCAR, Inc. | 4,712 | 391,049 | |||||||||
Parker-Hannifin Corp. | 4,840 | 1,510,225 | |||||||||
Rexnord Corp. | 8,179 | 460,723 |
Shares/Principal Amount | Value | ||||||||||
Techtronic Industries Co. Ltd. | 28,000 | $ | 499,304 | ||||||||
Timken Co. (The) | 2,086 | 165,837 | |||||||||
Trelleborg AB, B Shares | 2,473 | 61,132 | |||||||||
Tsubaki Nakashima Co. Ltd. | 6,500 | 97,985 | |||||||||
6,541,784 | |||||||||||
Media — 0.3% | |||||||||||
Atresmedia Corp. de Medios de Comunicacion SA(2) | 16,427 | 67,913 | |||||||||
Comcast Corp., Class A | 6,767 | 398,103 | |||||||||
Criteo SA, ADR(2) | 1,422 | 55,159 | |||||||||
Fox Corp., Class B | 22,660 | 753,218 | |||||||||
Future plc | 3,328 | 159,431 | |||||||||
Nordic Entertainment Group AB, B Shares(2) | 1,707 | 91,155 | |||||||||
ProSiebenSat.1 Media SE | 2,729 | 51,848 | |||||||||
Publicis Groupe SA | 8,014 | 505,929 | |||||||||
Storytel AB(2)(3) | 954 | 24,703 | |||||||||
WPP plc | 48,274 | 624,329 | |||||||||
2,731,788 | |||||||||||
Metals and Mining — 0.1% | |||||||||||
Alamos Gold, Inc. (New York), Class A | 6,819 | 55,370 | |||||||||
APERAM SA | 1,994 | 124,966 | |||||||||
Mineral Resources Ltd. | 1,932 | 89,392 | |||||||||
MMC Norilsk Nickel PJSC | 1,487 | 513,960 | |||||||||
Nickel Mines Ltd. | 28,086 | 22,662 | |||||||||
OZ Minerals Ltd. | 4,073 | 69,053 | |||||||||
Teck Resources Ltd., Class B | 12,797 | 292,283 | |||||||||
1,167,686 | |||||||||||
Multi-Utilities — 0.1% | |||||||||||
NorthWestern Corp. | 13,249 | 821,306 | |||||||||
Multiline Retail — 0.2% | |||||||||||
Dollar Tree, Inc.(2) | 7,629 | 761,298 | |||||||||
Isetan Mitsukoshi Holdings Ltd. | 15,200 | 102,927 | |||||||||
Magazine Luiza SA | 67,121 | 265,481 | |||||||||
Marks & Spencer Group plc(2) | 35,077 | 66,033 | |||||||||
Target Corp. | 1,384 | 361,293 | |||||||||
1,557,032 | |||||||||||
Oil, Gas and Consumable Fuels — 0.5% | |||||||||||
Cimarex Energy Co. | 3,607 | 235,176 | |||||||||
ConocoPhillips | 27,693 | 1,552,470 | |||||||||
Devon Energy Corp. | 16,448 | 425,016 | |||||||||
Eni SpA | 17,652 | 208,746 | |||||||||
Matador Resources Co. | 4,958 | 153,202 | |||||||||
Neste Oyj | 6,608 | 406,199 | |||||||||
Pioneer Natural Resources Co. | 2,445 | 355,430 | |||||||||
Surgutneftegas PJSC, Preference Shares | 895,962 | 467,692 | |||||||||
TotalEnergies SE | 12,286 | 535,752 | |||||||||
Whitecap Resources, Inc.(3) | 56,251 | 257,449 | |||||||||
4,597,132 | |||||||||||
Paper and Forest Products — 0.1% | |||||||||||
Mondi plc | 30,910 | 856,941 | |||||||||
Personal Products — 0.1% | |||||||||||
Estee Lauder Cos., Inc. (The), Class A | 941 | 314,134 |
Shares/Principal Amount | Value | ||||||||||
Shiseido Co. Ltd. | 6,400 | $ | 427,748 | ||||||||
741,882 | |||||||||||
Pharmaceuticals — 0.7% | |||||||||||
ALK-Abello A/S(2) | 265 | 130,647 | |||||||||
Arvinas, Inc.(2) | 1,039 | 105,043 | |||||||||
AstraZeneca plc | 2,086 | 239,702 | |||||||||
AstraZeneca plc, ADR | 12,724 | 728,322 | |||||||||
Axsome Therapeutics, Inc.(2) | 1,160 | 56,364 | |||||||||
Bristol-Myers Squibb Co. | 9,522 | 646,258 | |||||||||
Dermapharm Holding SE | 1,118 | 89,433 | |||||||||
Edgewise Therapeutics, Inc.(2)(3) | 2,573 | 45,053 | |||||||||
GlaxoSmithKline plc | 51,768 | 1,022,099 | |||||||||
Harmony Biosciences Holdings, Inc.(2) | 1,637 | 42,824 | |||||||||
Laboratorios Farmaceuticos Rovi SA | 962 | 67,907 | |||||||||
Merck & Co., Inc. | 7,514 | 577,601 | |||||||||
Novartis AG | 4,008 | 370,653 | |||||||||
Novo Nordisk A/S, B Shares | 8,788 | 813,516 | |||||||||
Reata Pharmaceuticals, Inc., Class A(2) | 580 | 72,680 | |||||||||
Sanofi | 3,532 | 364,055 | |||||||||
Sanofi, ADR | 9,479 | 488,737 | |||||||||
Takeda Pharmaceutical Co. Ltd. | 15,300 | 509,284 | |||||||||
Zoetis, Inc. | 2,845 | 576,681 | |||||||||
6,946,859 | |||||||||||
Professional Services — 0.4% | |||||||||||
ASGN, Inc.(2) | 1,281 | 129,548 | |||||||||
Bureau Veritas SA | 9,905 | 327,100 | |||||||||
CoStar Group, Inc.(2) | 4,840 | 430,034 | |||||||||
DKSH Holding AG | 1,164 | 98,401 | |||||||||
en Japan, Inc. | 2,300 | 80,317 | |||||||||
First Advantage Corp.(2) | 8,418 | 165,077 | |||||||||
IHS Markit Ltd. | 1,723 | 201,315 | |||||||||
IR Japan Holdings Ltd. | 500 | 61,873 | |||||||||
Jacobs Engineering Group, Inc. | 4,741 | 641,220 | |||||||||
Outsourcing, Inc. | 3,200 | 61,251 | |||||||||
Recruit Holdings Co. Ltd. | 11,200 | 580,503 | |||||||||
Teleperformance | 1,057 | 445,839 | |||||||||
TransUnion | 2,630 | 315,758 | |||||||||
Verisk Analytics, Inc. | 2,062 | 391,656 | |||||||||
3,929,892 | |||||||||||
Real Estate Management and Development — 0.2% | |||||||||||
Altus Group Ltd.(3) | 1,990 | 93,662 | |||||||||
CapitaLand Ltd. | 50,500 | 150,034 | |||||||||
Colliers International Group, Inc. | 741 | 95,285 | |||||||||
Colliers International Group, Inc. (Toronto) | 1,065 | 136,651 | |||||||||
CTP NV(2) | 8,857 | 178,534 | |||||||||
ESR Cayman Ltd.(2) | 37,000 | 130,048 | |||||||||
Fastighets AB Balder, B Shares(2) | 1,276 | 88,055 | |||||||||
FirstService Corp. | 440 | 81,955 | |||||||||
Newmark Group, Inc., Class A | 6,096 | 78,517 | |||||||||
Relo Group, Inc. | 2,300 | 50,758 | |||||||||
Samhallsbyggnadsbolaget i Norden AB(3) | 20,200 | 101,200 |
Shares/Principal Amount | Value | ||||||||||
Savills plc | 4,784 | $ | 76,407 | ||||||||
Tokyu Fudosan Holdings Corp. | 39,300 | 221,862 | |||||||||
Tricon Residential, Inc. | 35,819 | 429,219 | |||||||||
VGP NV | 511 | 105,201 | |||||||||
2,017,388 | |||||||||||
Road and Rail — 0.1% | |||||||||||
Heartland Express, Inc. | 22,610 | 385,048 | |||||||||
Nagoya Railroad Co. Ltd.(2) | 2,300 | 38,731 | |||||||||
Norfolk Southern Corp. | 1,622 | 418,200 | |||||||||
TFI International, Inc. | 1,096 | 122,690 | |||||||||
Union Pacific Corp. | 1,530 | 334,703 | |||||||||
1,299,372 | |||||||||||
Semiconductors and Semiconductor Equipment — 0.9% | |||||||||||
Advanced Micro Devices, Inc.(2) | 3,275 | 347,772 | |||||||||
Allegro MicroSystems, Inc.(2) | 2,431 | 66,634 | |||||||||
Applied Materials, Inc. | 3,897 | 545,307 | |||||||||
ASM International NV | 150 | 53,237 | |||||||||
ASML Holding NV | 1,046 | 799,545 | |||||||||
BE Semiconductor Industries NV | 1,426 | 125,144 | |||||||||
Enphase Energy, Inc.(2) | 4,129 | 782,858 | |||||||||
Ichor Holdings Ltd.(2) | 1,968 | 101,490 | |||||||||
Infineon Technologies AG | 10,642 | 406,675 | |||||||||
MACOM Technology Solutions Holdings, Inc.(2) | 3,642 | 224,784 | |||||||||
Marvell Technology, Inc. | 11,897 | 719,887 | |||||||||
Nova Ltd.(2) | 1,459 | 142,690 | |||||||||
NVIDIA Corp. | 6,240 | 1,216,738 | |||||||||
Onto Innovation, Inc.(2) | 2,883 | 202,041 | |||||||||
Optorun Co. Ltd. | 600 | 12,091 | |||||||||
Power Integrations, Inc. | 913 | 88,552 | |||||||||
Semtech Corp.(2) | 3,552 | 219,904 | |||||||||
Skyworks Solutions, Inc. | 4,395 | 810,921 | |||||||||
SOITEC(2) | 481 | 115,319 | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 33,000 | 689,683 | |||||||||
Teradyne, Inc. | 3,425 | 434,975 | |||||||||
Texas Instruments, Inc. | 3,554 | 677,464 | |||||||||
8,783,711 | |||||||||||
Software — 1.9% | |||||||||||
Adobe, Inc.(2) | 1,059 | 658,306 | |||||||||
Atlassian Corp. plc, Class A(2) | 2,542 | 826,455 | |||||||||
Autodesk, Inc.(2) | 2,501 | 803,146 | |||||||||
Cadence Design Systems, Inc.(2) | 9,048 | 1,335,937 | |||||||||
CDK Global, Inc. | 7,730 | 370,963 | |||||||||
Cloudflare, Inc., Class A(2) | 2,611 | 309,743 | |||||||||
Coupa Software, Inc.(2) | 1,248 | 270,816 | |||||||||
Dassault Systemes SE | 7,670 | 423,094 | |||||||||
Descartes Systems Group, Inc. (The)(2) | 1,493 | 108,289 | |||||||||
DocuSign, Inc.(2) | 4,315 | 1,286,043 | |||||||||
Everbridge, Inc.(2) | 702 | 99,136 | |||||||||
Five9, Inc.(2) | 1,043 | 209,945 | |||||||||
HubSpot, Inc.(2) | 1,900 | 1,132,438 | |||||||||
Lightspeed POS, Inc.(2) | 1,107 | 94,791 |
Shares/Principal Amount | Value | ||||||||||
m-up Holdings, Inc. | 1,600 | $ | 48,167 | ||||||||
Manhattan Associates, Inc.(2) | 8,332 | 1,330,037 | |||||||||
Microsoft Corp. | 17,684 | 5,038,348 | |||||||||
Model N, Inc.(2) | 4,292 | 138,932 | |||||||||
nCino, Inc.(2) | 2,371 | 150,724 | |||||||||
Open Text Corp. | 9,437 | 489,875 | |||||||||
Palo Alto Networks, Inc.(2) | 2,968 | 1,184,380 | |||||||||
Paycor HCM, Inc.(2) | 3,371 | 92,703 | |||||||||
Paylocity Holding Corp.(2) | 1,040 | 215,758 | |||||||||
RingCentral, Inc., Class A(2) | 1,806 | 482,690 | |||||||||
SailPoint Technologies Holdings, Inc.(2) | 4,229 | 211,408 | |||||||||
salesforce.com, Inc.(2) | 1,567 | 379,104 | |||||||||
Sprinklr, Inc., Class A(2) | 5,130 | 99,214 | |||||||||
Sprout Social, Inc., Class A(2) | 3,782 | 335,993 | |||||||||
Workday, Inc., Class A(2) | 554 | 129,858 | |||||||||
18,256,293 | |||||||||||
Specialty Retail — 0.7% | |||||||||||
Advance Auto Parts, Inc. | 5,155 | 1,093,169 | |||||||||
American Eagle Outfitters, Inc.(3) | 6,750 | 232,673 | |||||||||
Arko Corp.(2) | 12,145 | 100,804 | |||||||||
Burlington Stores, Inc.(2) | 2,766 | 926,057 | |||||||||
Carvana Co.(2) | 1,439 | 485,749 | |||||||||
Five Below, Inc.(2) | 2,016 | 391,951 | |||||||||
Floor & Decor Holdings, Inc., Class A(2) | 4,545 | 554,536 | |||||||||
Home Depot, Inc. (The) | 4,434 | 1,455,195 | |||||||||
Leslie's, Inc.(2) | 9,464 | 230,448 | |||||||||
Lithia Motors, Inc. | 297 | 112,034 | |||||||||
Musti Group Oyj(2) | 2,831 | 116,854 | |||||||||
National Vision Holdings, Inc.(2) | 3,497 | 188,768 | |||||||||
Nextage Co. Ltd. | 5,900 | 121,348 | |||||||||
Pets at Home Group plc | 18,470 | 119,996 | |||||||||
TJX Cos., Inc. (The) | 6,053 | 416,507 | |||||||||
Tractor Supply Co. | 1,040 | 188,167 | |||||||||
Watches of Switzerland Group plc(2) | 9,951 | 139,176 | |||||||||
WH Smith plc(2) | 2,227 | 50,227 | |||||||||
6,923,659 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.3% | |||||||||||
Apple, Inc. | 17,279 | 2,520,315 | |||||||||
HP, Inc. | 22,290 | 643,512 | |||||||||
3,163,827 | |||||||||||
Textiles, Apparel and Luxury Goods — 0.5% | |||||||||||
ANTA Sports Products Ltd. | 21,000 | 457,198 | |||||||||
Asics Corp. | 4,300 | 94,964 | |||||||||
Capri Holdings Ltd.(2) | 2,638 | 148,546 | |||||||||
Crocs, Inc.(2) | 2,156 | 292,806 | |||||||||
Dr. Martens plc(2) | 12,900 | 77,737 | |||||||||
lululemon athletica, Inc.(2) | 2,120 | 848,361 | |||||||||
LVMH Moet Hennessy Louis Vuitton SE | 688 | 550,859 | |||||||||
NIKE, Inc., Class B | 5,388 | 902,544 | |||||||||
Pandora A/S | 1,189 | 153,806 | |||||||||
Puma SE | 3,671 | 450,319 |
Shares/Principal Amount | Value | ||||||||||
VF Corp. | 3,612 | $ | 289,682 | ||||||||
4,266,822 | |||||||||||
Thrifts and Mortgage Finance† | |||||||||||
Capitol Federal Financial, Inc. | 15,472 | 171,584 | |||||||||
NMI Holdings, Inc., Class A(2) | 3,580 | 78,832 | |||||||||
250,416 | |||||||||||
Trading Companies and Distributors — 0.3% | |||||||||||
AddTech AB, B Shares | 3,339 | 69,476 | |||||||||
Ashtead Group plc | 5,680 | 425,031 | |||||||||
Beacon Roofing Supply, Inc.(2) | 3,337 | 178,463 | |||||||||
Diploma plc | 3,214 | 132,029 | |||||||||
Electrocomponents plc | 9,878 | 139,554 | |||||||||
Finning International, Inc. | 7,840 | 202,724 | |||||||||
Grafton Group plc | 10,129 | 180,707 | |||||||||
Howden Joinery Group plc | 12,511 | 155,907 | |||||||||
MSC Industrial Direct Co., Inc., Class A | 9,278 | 827,319 | |||||||||
NOW, Inc.(2) | 5,782 | 57,068 | |||||||||
Seven Group Holdings Ltd.(3) | 3,474 | 59,582 | |||||||||
W.W. Grainger, Inc. | 1,264 | 561,949 | |||||||||
Yamazen Corp. | 5,900 | 55,679 | |||||||||
3,045,488 | |||||||||||
TOTAL COMMON STOCKS (Cost $166,707,431) | 254,544,094 | ||||||||||
U.S. TREASURY SECURITIES — 10.0% | |||||||||||
U.S. Treasury Bills, 0.05%, 9/2/21(4) | $ | 300,000 | 299,990 | ||||||||
U.S. Treasury Bills, 0.04%, 9/30/21(4) | 500,000 | 499,965 | |||||||||
U.S. Treasury Bonds, 3.125%, 8/15/44(5) | 200,000 | 247,703 | |||||||||
U.S. Treasury Bonds, 2.50%, 2/15/45(5) | 1,060,000 | 1,186,289 | |||||||||
U.S. Treasury Bonds, 3.00%, 5/15/45(5) | 560,000 | 682,303 | |||||||||
U.S. Treasury Bonds, 3.00%, 11/15/45 | 100,000 | 122,203 | |||||||||
U.S. Treasury Cash Management Bills, 0.04%, 9/16/21(4) | 1,070,000 | 1,069,950 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/25 | 1,071,405 | 1,253,340 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/27 | 333,818 | 416,238 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.50%, 1/15/29 | 1,423,517 | 1,878,707 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 3.375%, 4/15/32 | 151,705 | 230,078 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.125%, 2/15/40 | 747,504 | 1,147,367 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.125%, 2/15/41 | 1,008,288 | 1,565,907 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.625%, 2/15/43 | 1,136,083 | 1,404,152 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 1.375%, 2/15/44 | 3,061,810 | 4,363,599 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45 | 2,698,684 | 3,449,020 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.875%, 2/15/47 | 613,531 | 820,273 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.125%, 2/15/51 | 1,034,280 | 1,190,341 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/22 | 1,932,068 | 1,996,751 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/24 | 5,770,250 | 6,237,580 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 4/15/24 | 5,765,418 | 6,244,679 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 10/15/24 | 2,991,189 | 3,246,062 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.25%, 1/15/25 | 4,547,520 | 4,963,231 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/25 | 3,752,964 | 4,093,286 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/26 | 3,966,410 | 4,467,865 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/26 | 5,441,987 | 6,007,207 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/26 | 6,459,435 | 7,196,525 |
Shares/Principal Amount | Value | ||||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 1/15/28 | $ | 2,019,571 | $ | 2,319,525 | |||||||
U.S. Treasury Inflation Indexed Notes, 0.875%, 1/15/29 | 2,026,217 | 2,408,869 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 1/15/31 | 5,896,194 | 6,679,997 | |||||||||
U.S. Treasury Notes, 1.875%, 3/31/22 | 200,000 | 202,382 | |||||||||
U.S. Treasury Notes, 0.25%, 5/31/25 | 9,900,000 | 9,800,613 | |||||||||
U.S. Treasury Notes, 0.50%, 4/30/27 | 6,500,000 | 6,384,980 | |||||||||
U.S. Treasury Notes, 2.25%, 8/15/27(5) | 400,000 | 432,938 | |||||||||
U.S. Treasury Notes, 0.625%, 5/15/30 | 1,100,000 | 1,050,070 | |||||||||
TOTAL U.S. TREASURY SECURITIES (Cost $87,070,554) | 95,559,985 | ||||||||||
CORPORATE BONDS — 5.5% | |||||||||||
Aerospace and Defense — 0.1% | |||||||||||
Boeing Co. (The), 5.81%, 5/1/50 | 130,000 | 177,620 | |||||||||
Bombardier, Inc., 6.00%, 10/15/22(6) | 18,000 | 18,092 | |||||||||
Howmet Aerospace, Inc., 5.125%, 10/1/24 | 115,000 | 126,752 | |||||||||
TransDigm, Inc., 6.375%, 6/15/26 | 50,000 | 51,750 | |||||||||
TransDigm, Inc., 4.625%, 1/15/29(6) | 540,000 | 539,346 | |||||||||
913,560 | |||||||||||
Airlines — 0.1% | |||||||||||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(6) | 594,000 | 622,215 | |||||||||
United Airlines Holdings, Inc., 5.00%, 2/1/24 | 85,000 | 88,267 | |||||||||
710,482 | |||||||||||
Auto Components† | |||||||||||
ZF North America Capital, Inc., 4.75%, 4/29/25(6) | 105,000 | 114,132 | |||||||||
Automobiles — 0.1% | |||||||||||
BMW Finance NV, MTN, 1.00%, 2/15/22 | EUR | 10,000 | 11,956 | ||||||||
BMW Finance NV, MTN, 0.875%, 4/3/25 | EUR | 50,000 | 61,858 | ||||||||
Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | $ | 670,000 | 695,202 | ||||||||
General Motors Co., 5.15%, 4/1/38 | 410,000 | 504,195 | |||||||||
1,273,211 | |||||||||||
Banks — 0.8% | |||||||||||
Akbank T.A.S., 5.00%, 10/24/22 | 130,000 | 133,738 | |||||||||
Avi Funding Co. Ltd., 3.80%, 9/16/25(6) | 255,000 | 281,727 | |||||||||
Banco Santander SA, MTN, 2.50%, 3/18/25 | EUR | 200,000 | 257,658 | ||||||||
Bank of America Corp., MTN, VRN, 2.68%, 6/19/41 | $ | 665,000 | 657,490 | ||||||||
Barclays Bank plc, MTN, 6.625%, 3/30/22 | EUR | 50,000 | 61,912 | ||||||||
Barclays plc, MTN, VRN, 1.375%, 1/24/26 | EUR | 100,000 | 124,078 | ||||||||
Barclays plc, MTN, VRN, 2.00%, 2/7/28 | EUR | 100,000 | 121,601 | ||||||||
CaixaBank SA, MTN, VRN, 2.75%, 7/14/28 | EUR | 200,000 | 247,919 | ||||||||
CaixaBank SA, MTN, VRN, 2.25%, 4/17/30 | EUR | 400,000 | 500,009 | ||||||||
Citigroup, Inc., VRN, 3.52%, 10/27/28 | $ | 490,000 | 540,386 | ||||||||
Co-Operative Bank plc (The), 4.75%, 11/11/21 (Secured) | GBP | 200,000 | 280,951 | ||||||||
Commerzbank AG, MTN, 4.00%, 3/23/26 | EUR | 250,000 | 336,685 | ||||||||
Credit Agricole SA, MTN, 7.375%, 12/18/23 | GBP | 100,000 | 159,849 | ||||||||
European Financial Stability Facility, MTN, 2.125%, 2/19/24 | EUR | 399,000 | 506,077 | ||||||||
European Financial Stability Facility, MTN, 0.40%, 5/31/26 | EUR | 400,000 | 494,996 | ||||||||
European Financial Stability Facility, MTN, 2.35%, 7/29/44 | EUR | 60,000 | 102,209 |
Shares/Principal Amount | Value | ||||||||||
HSBC Bank plc, MTN, VRN, 5.375%, 11/4/30 | GBP | 50,000 | $ | 81,288 | |||||||
ING Groep NV, MTN, 2.125%, 1/10/26 | EUR | 400,000 | 521,160 | ||||||||
Intercorp Financial Services, Inc., 4.125%, 10/19/27(6) | $ | 305,000 | 308,230 | ||||||||
Intesa Sanpaolo SpA, MTN, 6.625%, 9/13/23 | EUR | 220,000 | 294,482 | ||||||||
Kreditanstalt fuer Wiederaufbau, 4.625%, 1/4/23 | EUR | 300,000 | 382,739 | ||||||||
Lloyds Bank plc, MTN, 7.625%, 4/22/25 | GBP | 120,000 | 206,335 | ||||||||
Wells Fargo & Co., VRN, 3.07%, 4/30/41 | $ | 605,000 | 635,351 | ||||||||
7,236,870 | |||||||||||
Beverages† | |||||||||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46 | 370,000 | 475,241 | |||||||||
Biotechnology — 0.1% | |||||||||||
AbbVie, Inc., 4.55%, 3/15/35 | 110,000 | 135,185 | |||||||||
AbbVie, Inc., 4.40%, 11/6/42 | 605,000 | 746,784 | |||||||||
Gilead Sciences, Inc., 3.65%, 3/1/26 | 390,000 | 432,607 | |||||||||
1,314,576 | |||||||||||
Capital Markets — 0.2% | |||||||||||
Criteria Caixa SA, MTN, 1.50%, 5/10/23 | EUR | 100,000 | 122,111 | ||||||||
Goldman Sachs Group, Inc. (The), 5.50%, 10/12/21 | GBP | 150,000 | 210,412 | ||||||||
Goldman Sachs Group, Inc. (The), VRN, 1.43%, 3/9/27 | $ | 225,000 | 226,212 | ||||||||
LPL Holdings, Inc., 4.375%, 5/15/31(6) | 766,000 | 786,127 | |||||||||
MDGH - GMTN B.V., 3.25%, 4/28/22(6) | 102,000 | 104,235 | |||||||||
1,449,097 | |||||||||||
Chemicals — 0.1% | |||||||||||
Dow Chemical Co. (The), 3.60%, 11/15/50 | 310,000 | 345,911 | |||||||||
Equate Petrochemical BV, 4.25%, 11/3/26(6) | 82,000 | 91,268 | |||||||||
Olin Corp., 5.125%, 9/15/27 | 60,000 | 62,552 | |||||||||
499,731 | |||||||||||
Commercial Services and Supplies — 0.1% | |||||||||||
Sodexo, Inc., 2.72%, 4/16/31(6) | 530,000 | 549,859 | |||||||||
Waste Management, Inc., 2.50%, 11/15/50 | 220,000 | 212,461 | |||||||||
762,320 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
Navient Corp., 4.875%, 3/15/28 | 760,000 | 767,619 | |||||||||
Containers and Packaging — 0.1% | |||||||||||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc, 4.00%, 9/1/29(6) | 396,000 | 397,485 | |||||||||
Ball Corp., 5.25%, 7/1/25 | 35,000 | 39,518 | |||||||||
Mauser Packaging Solutions Holding Co., 5.50%, 4/15/24(6) | 30,000 | 30,225 | |||||||||
Owens-Brockway Glass Container, Inc., 5.875%, 8/15/23(6) | 20,000 | 21,491 | |||||||||
Sealed Air Corp., 5.125%, 12/1/24(6) | 80,000 | 87,049 | |||||||||
575,768 | |||||||||||
Diversified Consumer Services† | |||||||||||
Duke University, 3.30%, 10/1/46 | 220,000 | 249,593 | |||||||||
Diversified Financial Services — 0.3% | |||||||||||
Fiore Capital LLC, VRDN, 0.12%, 8/6/21 (LOC: Wells Fargo Bank N.A.) | 2,500,000 | 2,500,000 | |||||||||
Diversified Telecommunication Services — 0.3% | |||||||||||
Altice France SA, 7.375%, 5/1/26(6) | 175,000 | 182,219 |
Shares/Principal Amount | Value | ||||||||||
AT&T, Inc., 2.60%, 12/17/29 | EUR | 120,000 | $ | 166,778 | |||||||
AT&T, Inc., 3.55%, 9/15/55(6) | $ | 316,000 | 327,169 | ||||||||
Deutsche Telekom International Finance BV, MTN, 1.25%, 10/6/23 | GBP | 150,000 | 211,657 | ||||||||
Deutsche Telekom International Finance BV, MTN, 0.875%, 1/30/24 | EUR | 40,000 | 48,858 | ||||||||
Hughes Satellite Systems Corp., 5.25%, 8/1/26 | $ | 100,000 | 111,950 | ||||||||
Level 3 Financing, Inc., 4.625%, 9/15/27(6) | 331,000 | 344,286 | |||||||||
Lumen Technologies, Inc., 5.80%, 3/15/22 | 20,000 | 20,548 | |||||||||
Ooredoo International Finance Ltd., 3.75%, 6/22/26(6) | 153,000 | 169,466 | |||||||||
Turk Telekomunikasyon AS, 4.875%, 6/19/24(6) | 205,000 | 214,920 | |||||||||
Verizon Communications, Inc., 1.75%, 1/20/31 | 255,000 | 247,896 | |||||||||
Verizon Communications, Inc., 2.99%, 10/30/56 | 365,000 | 355,677 | |||||||||
2,401,424 | |||||||||||
Electric Utilities — 0.2% | |||||||||||
Duke Energy Carolinas LLC, 3.20%, 8/15/49 | 270,000 | 293,691 | |||||||||
Duke Energy Florida LLC, 3.85%, 11/15/42 | 130,000 | 155,137 | |||||||||
Duke Energy Progress LLC, 4.15%, 12/1/44 | 59,000 | 72,943 | |||||||||
Exelon Corp., 4.45%, 4/15/46 | 190,000 | 236,842 | |||||||||
Greenko Investment Co., 4.875%, 8/16/23(6) | 102,000 | 103,206 | |||||||||
Israel Electric Corp. Ltd., 6.875%, 6/21/23(6) | 102,000 | 113,619 | |||||||||
MidAmerican Energy Co., 4.40%, 10/15/44 | 80,000 | 101,407 | |||||||||
NextEra Energy Operating Partners LP, 4.50%, 9/15/27(6) | 40,000 | 43,236 | |||||||||
Northern States Power Co., 3.20%, 4/1/52 | 160,000 | 178,531 | |||||||||
NRG Energy, Inc., 7.25%, 5/15/26 | 50,000 | 52,074 | |||||||||
PacifiCorp, 2.90%, 6/15/52 | 180,000 | 184,055 | |||||||||
Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, MTN, 3.00%, 6/30/30 | 500,000 | 501,760 | |||||||||
Southern Co. Gas Capital Corp., 3.95%, 10/1/46 | 50,000 | 57,419 | |||||||||
Virginia Electric and Power Co., 2.45%, 12/15/50 | 140,000 | 132,495 | |||||||||
2,226,415 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 0.2% | |||||||||||
EPR Properties, 4.95%, 4/15/28 | 734,000 | 794,823 | |||||||||
IIP Operating Partnership LP, 5.50%, 5/25/26(6) | 330,000 | 345,327 | |||||||||
Iron Mountain, Inc., 4.875%, 9/15/29(6) | 675,000 | 708,055 | |||||||||
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24 | 90,000 | 97,530 | |||||||||
1,945,735 | |||||||||||
Food and Staples Retailing† | |||||||||||
Kroger Co. (The), 3.875%, 10/15/46 | 170,000 | 191,671 | |||||||||
Tesco plc, MTN, 5.00%, 3/24/23 | GBP | 50,000 | 74,375 | ||||||||
266,046 | |||||||||||
Food Products — 0.1% | |||||||||||
Lamb Weston Holdings, Inc., 4.625%, 11/1/24(6) | $ | 130,000 | 133,569 | ||||||||
MHP SE, 7.75%, 5/10/24(6) | 128,000 | 138,491 | |||||||||
Post Holdings, Inc., 4.625%, 4/15/30(6) | 355,000 | 362,134 | |||||||||
634,194 | |||||||||||
Gas Utilities† | |||||||||||
Perusahaan Gas Negara Tbk PT, 5.125%, 5/16/24 | 204,000 | 225,450 | |||||||||
Health Care Providers and Services — 0.3% | |||||||||||
CHS / Community Health Systems, Inc., 8.00%, 12/15/27(6) | 17,000 | 18,842 |
Shares/Principal Amount | Value | ||||||||||
CHS / Community Health Systems, Inc., 6.875%, 4/1/28(6) | $ | 42,000 | $ | 41,578 | |||||||
CVS Health Corp., 4.30%, 3/25/28 | 141,000 | 163,392 | |||||||||
CVS Health Corp., 4.78%, 3/25/38 | 475,000 | 597,204 | |||||||||
DaVita, Inc., 4.625%, 6/1/30(6) | 510,000 | 527,850 | |||||||||
Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 180,000 | 191,083 | |||||||||
Team Health Holdings, Inc., 6.375%, 2/1/25(6) | 40,000 | 37,151 | |||||||||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 40,000 | 43,450 | |||||||||
Tenet Healthcare Corp., 6.125%, 10/1/28(6) | 405,000 | 431,849 | |||||||||
Universal Health Services, Inc., 2.65%, 10/15/30(6) | 605,000 | 616,522 | |||||||||
2,668,921 | |||||||||||
Hotels, Restaurants and Leisure — 0.2% | |||||||||||
1011778 BC ULC / New Red Finance, Inc., 4.375%, 1/15/28(6) | 232,000 | 235,782 | |||||||||
Caesars Resort Collection LLC / CRC Finco, Inc., 5.25%, 10/15/25(6) | 555,000 | 560,223 | |||||||||
Golden Nugget, Inc., 6.75%, 10/15/24(6) | 120,000 | 120,450 | |||||||||
MGM Resorts International, 6.00%, 3/15/23 | 130,000 | 137,529 | |||||||||
Penn National Gaming, Inc., 5.625%, 1/15/27(6) | 150,000 | 155,625 | |||||||||
Penn National Gaming, Inc., 4.125%, 7/1/29(6) | 77,000 | 76,015 | |||||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25(6) | 150,000 | 158,812 | |||||||||
1,444,436 | |||||||||||
Household Durables — 0.1% | |||||||||||
KB Home, 4.80%, 11/15/29 | 477,000 | 521,122 | |||||||||
Meritage Homes Corp., 5.125%, 6/6/27 | 160,000 | 180,402 | |||||||||
701,524 | |||||||||||
Industrial Conglomerates† | |||||||||||
General Electric Co., 4.35%, 5/1/50 | 310,000 | 382,708 | |||||||||
Insurance — 0.1% | |||||||||||
American International Group, Inc., 6.25%, 5/1/36 | 365,000 | 517,898 | |||||||||
AXA SA, MTN, VRN, 3.375%, 7/6/47 | EUR | 200,000 | 274,619 | ||||||||
792,517 | |||||||||||
Interactive Media and Services† | |||||||||||
Tencent Holdings Ltd., 3.80%, 2/11/25(6) | $ | 153,000 | 166,478 | ||||||||
Internet and Direct Marketing Retail — 0.1% | |||||||||||
Alibaba Group Holding Ltd., 2.80%, 6/6/23 | 330,000 | 342,448 | |||||||||
Meituan, 3.05%, 10/28/30(6) | 500,000 | 468,451 | |||||||||
Prosus NV, 3.68%, 1/21/30(6) | 500,000 | 527,380 | |||||||||
1,338,279 | |||||||||||
IT Services† | |||||||||||
CDW LLC / CDW Finance Corp., 5.50%, 12/1/24 | 90,000 | 99,370 | |||||||||
Life Sciences Tools and Services — 0.1% | |||||||||||
Agilent Technologies, Inc., 2.30%, 3/12/31 | 570,000 | 582,641 | |||||||||
Media — 0.3% | |||||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28(6) | 145,000 | 152,214 | |||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 4.25%, 2/1/31(6) | 520,000 | 537,171 |
Shares/Principal Amount | Value | ||||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 6.48%, 10/23/45 | $ | 40,000 | $ | 56,407 | |||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 5.125%, 7/1/49 | 230,000 | 279,737 | |||||||||
CSC Holdings LLC, 5.875%, 9/15/22 | 100,000 | 104,733 | |||||||||
CSC Holdings LLC, 5.25%, 6/1/24 | 335,000 | 362,386 | |||||||||
DISH DBS Corp., 7.75%, 7/1/26 | 310,000 | 354,175 | |||||||||
Gray Television, Inc., 5.875%, 7/15/26(6) | 75,000 | 77,531 | |||||||||
Lamar Media Corp., 3.75%, 2/15/28 | 340,000 | 346,222 | |||||||||
TEGNA, Inc., 4.625%, 3/15/28 | 580,000 | 598,348 | |||||||||
ViacomCBS, Inc., 4.375%, 3/15/43 | 165,000 | 195,552 | |||||||||
WPP Finance 2013, MTN, 3.00%, 11/20/23 | EUR | 100,000 | 127,575 | ||||||||
3,192,051 | |||||||||||
Metals and Mining — 0.3% | |||||||||||
Alcoa Nederland Holding BV, 4.125%, 3/31/29(6) | $ | 400,000 | 421,812 | ||||||||
Cleveland-Cliffs, Inc., 4.625%, 3/1/29(6) | 452,000 | 480,297 | |||||||||
First Quantum Minerals Ltd., 7.25%, 4/1/23 | 150,000 | 153,000 | |||||||||
First Quantum Minerals Ltd., 6.50%, 3/1/24(6) | 250,000 | 255,244 | |||||||||
Freeport-McMoRan, Inc., 5.40%, 11/14/34 | 180,000 | 229,086 | |||||||||
Minera Mexico SA de CV, 4.50%, 1/26/50(6) | 500,000 | 562,035 | |||||||||
Teck Resources Ltd., 6.25%, 7/15/41 | 230,000 | 310,530 | |||||||||
2,412,004 | |||||||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.1% | |||||||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.75%, 6/15/29(6) | 620,000 | 618,450 | |||||||||
Multi-Utilities† | |||||||||||
Dominion Energy, Inc., 4.90%, 8/1/41 | 70,000 | 91,813 | |||||||||
NiSource, Inc., 5.65%, 2/1/45 | 200,000 | 281,475 | |||||||||
373,288 | |||||||||||
Oil, Gas and Consumable Fuels — 0.4% | |||||||||||
Antero Resources Corp., 7.625%, 2/1/29(6) | 220,000 | 241,449 | |||||||||
BP Capital Markets America, Inc., 3.06%, 6/17/41 | 180,000 | 185,848 | |||||||||
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | 70,000 | 71,747 | |||||||||
Enterprise Products Operating LLC, 4.85%, 3/15/44 | 360,000 | 451,768 | |||||||||
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(6) | 500,000 | 504,659 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 6.51%, 3/7/22(6) | 140,000 | 144,805 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 7.29%, 8/16/37(6) | 140,000 | 195,806 | |||||||||
Kinder Morgan Energy Partners LP, 6.50%, 9/1/39 | 180,000 | 256,468 | |||||||||
MEG Energy Corp., 6.50%, 1/15/25(6) | 46,000 | 47,592 | |||||||||
MEG Energy Corp., 5.875%, 2/1/29(6) | 220,000 | 227,724 | |||||||||
NuStar Logistics LP, 4.75%, 2/1/22 | 40,000 | 40,269 | |||||||||
Petroleos Mexicanos, 3.50%, 1/30/23 | 110,000 | 112,129 | |||||||||
Petroleos Mexicanos, 6.50%, 3/13/27 | 140,000 | 148,435 | |||||||||
Petroleos Mexicanos, 5.50%, 6/27/44 | 230,000 | 189,239 | |||||||||
Saudi Arabian Oil Co., MTN, 4.25%, 4/16/39 | 500,000 | 567,445 | |||||||||
SM Energy Co., 5.00%, 1/15/24 | 80,000 | 79,745 | |||||||||
Southwestern Energy Co., 6.45%, 1/23/25 | 100,000 | 109,621 |
Shares/Principal Amount | Value | ||||||||||
Suncor Energy, Inc., 3.75%, 3/4/51 | $ | 100,000 | $ | 111,156 | |||||||
3,685,905 | |||||||||||
Personal Products† | |||||||||||
Avon Products, Inc., 6.50%, 3/15/23 | 45,000 | 47,981 | |||||||||
Pharmaceuticals — 0.1% | |||||||||||
Astrazeneca Finance LLC, 1.75%, 5/28/28 | 560,000 | 570,321 | |||||||||
Bausch Health Cos., Inc., 6.125%, 4/15/25(6) | 180,000 | 183,938 | |||||||||
Viatris, Inc., 4.00%, 6/22/50(6) | 375,000 | 407,141 | |||||||||
1,161,400 | |||||||||||
Real Estate Management and Development† | |||||||||||
Howard Hughes Corp. (The), 4.375%, 2/1/31(6) | 402,000 | 401,481 | |||||||||
Road and Rail† | |||||||||||
Burlington Northern Santa Fe LLC, 4.45%, 3/15/43 | 160,000 | 206,248 | |||||||||
Burlington Northern Santa Fe LLC, 4.15%, 4/1/45 | 70,000 | 86,508 | |||||||||
292,756 | |||||||||||
Software — 0.1% | |||||||||||
Oracle Corp., 3.60%, 4/1/40 | 510,000 | 546,964 | |||||||||
Specialty Retail — 0.1% | |||||||||||
Home Depot, Inc. (The), 2.375%, 3/15/51 | 470,000 | 446,072 | |||||||||
Rent-A-Center, Inc., 6.375%, 2/15/29(6) | 160,000 | 172,345 | |||||||||
618,417 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.1% | |||||||||||
NCR Corp., 5.125%, 4/15/29(6) | 335,000 | 349,160 | |||||||||
Seagate HDD Cayman, 4.875%, 6/1/27 | 315,000 | 352,013 | |||||||||
Western Digital Corp., 4.75%, 2/15/26 | 536,000 | 595,630 | |||||||||
1,296,803 | |||||||||||
Textiles, Apparel and Luxury Goods† | |||||||||||
Hanesbrands, Inc., 4.625%, 5/15/24(6) | 115,000 | 121,959 | |||||||||
Thrifts and Mortgage Finance† | |||||||||||
United Wholesale Mortgage LLC, 5.50%, 4/15/29(6) | 360,000 | 357,822 | |||||||||
Transportation Infrastructure — 0.1% | |||||||||||
Adani Ports & Special Economic Zone Ltd., 4.00%, 7/30/27 | 500,000 | 522,036 | |||||||||
DP World Crescent Ltd., MTN, 4.85%, 9/26/28 | 500,000 | 573,612 | |||||||||
1,095,648 | |||||||||||
Wireless Telecommunication Services — 0.1% | |||||||||||
C&W Senior Financing DAC, 6.875%, 9/15/27(6) | 228,000 | 242,193 | |||||||||
Millicom International Cellular SA, 5.125%, 1/15/28(6) | 229,500 | 239,477 | |||||||||
Sprint Corp., 7.875%, 9/15/23 | 75,000 | 84,949 | |||||||||
Sprint Corp., 7.125%, 6/15/24 | 205,000 | 235,955 | |||||||||
T-Mobile USA, Inc., 4.75%, 2/1/28 | 409,000 | 435,299 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31 | 27,000 | 28,356 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31(6) | 125,000 | 131,278 | |||||||||
1,397,507 | |||||||||||
TOTAL CORPORATE BONDS (Cost $50,147,619) | 52,338,774 | ||||||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 4.4% | |||||||||||
Australia — 0.2% | |||||||||||
Australia Government Bond, 2.75%, 4/21/24 | AUD | 1,219,000 | 960,583 |
Shares/Principal Amount | Value | ||||||||||
Australia Government Bond, 3.00%, 3/21/47 | AUD | 270,000 | $ | 237,490 | |||||||
New South Wales Treasury Corp., 3.00%, 3/20/28 | AUD | 395,000 | 326,208 | ||||||||
1,524,281 | |||||||||||
Austria — 0.1% | |||||||||||
Republic of Austria Government Bond, 3.40%, 11/22/22(6) | EUR | 172,000 | 215,060 | ||||||||
Republic of Austria Government Bond, 0.75%, 10/20/26(6) | EUR | 185,000 | 235,545 | ||||||||
Republic of Austria Government Bond, 4.15%, 3/15/37(6) | EUR | 121,000 | 235,162 | ||||||||
685,767 | |||||||||||
Belgium† | |||||||||||
Kingdom of Belgium Government Bond, 4.25%, 3/28/41(6) | EUR | 74,000 | 151,971 | ||||||||
Canada — 0.4% | |||||||||||
Canadian Government Bond, 0.25%, 3/1/26 | CAD | 1,500,000 | 1,172,070 | ||||||||
Province of British Columbia Canada, 3.25%, 12/18/21 | CAD | 594,000 | 481,611 | ||||||||
Province of British Columbia Canada, 2.85%, 6/18/25 | CAD | 809,000 | 696,224 | ||||||||
Province of Quebec Canada, 3.00%, 9/1/23 | CAD | 465,000 | 391,873 | ||||||||
Province of Quebec Canada, 5.75%, 12/1/36 | CAD | 445,000 | 521,243 | ||||||||
Province of Quebec Canada, 5.00%, 12/1/41 | CAD | 30,000 | 34,216 | ||||||||
Province of Quebec Canada, 3.50%, 12/1/48 | CAD | 110,000 | 105,506 | ||||||||
3,402,743 | |||||||||||
Chile† | |||||||||||
Chile Government International Bond, 3.25%, 9/14/21 | $ | 230,000 | 230,127 | ||||||||
China — 1.0% | |||||||||||
China Government Bond, 2.88%, 11/5/23 | CNY | 34,000,000 | 5,313,589 | ||||||||
China Government Bond, 3.25%, 6/6/26 | CNY | 750,000 | 119,091 | ||||||||
China Government Bond, 3.29%, 5/23/29 | CNY | 550,000 | 87,294 | ||||||||
China Government Bond, 2.68%, 5/21/30 | CNY | 24,800,000 | 3,758,996 | ||||||||
9,278,970 | |||||||||||
Czech Republic† | |||||||||||
Czech Republic Government Bond, 4.70%, 9/12/22 | CZK | 2,470,000 | 120,232 | ||||||||
Denmark† | |||||||||||
Denmark Government Bond, 0.50%, 11/15/27 | DKK | 600,000 | 101,369 | ||||||||
Denmark Government Bond, 4.50%, 11/15/39 | DKK | 340,000 | 98,288 | ||||||||
199,657 | |||||||||||
Finland — 0.3% | |||||||||||
Finland Government Bond, 4.00%, 7/4/25(6) | EUR | 219,000 | 308,954 | ||||||||
Finland Government Bond, 0.125%, 4/15/36(6) | EUR | 2,250,000 | 2,699,494 | ||||||||
3,008,448 | |||||||||||
France — 0.2% | |||||||||||
French Republic Government Bond OAT, 0.00%, 11/25/31(7) | EUR | 1,400,000 | 1,678,142 | ||||||||
Indonesia — 0.1% | |||||||||||
Indonesia Treasury Bond, 8.375%, 9/15/26 | IDR | 6,000,000,000 | 471,085 | ||||||||
Ireland† | |||||||||||
Ireland Government Bond, 3.40%, 3/18/24 | EUR | 283,000 | 371,737 | ||||||||
Italy — 0.2% | |||||||||||
Italy Buoni Poliennali Del Tesoro, 1.50%, 6/1/25 | EUR | 180,000 | 227,265 | ||||||||
Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25 | EUR | 1,338,000 | 1,733,120 | ||||||||
1,960,385 | |||||||||||
Japan — 1.2% | |||||||||||
Japan Government Ten Year Bond, 0.80%, 6/20/23 | JPY | 26,250,000 | 243,397 |
Shares/Principal Amount | Value | ||||||||||
Japan Government Thirty Year Bond, 2.40%, 3/20/37 | JPY | 173,800,000 | $ | 2,107,556 | |||||||
Japan Government Thirty Year Bond, 2.00%, 9/20/41 | JPY | 154,250,000 | 1,838,495 | ||||||||
Japan Government Twenty Year Bond, 2.10%, 12/20/26 | JPY | 402,800,000 | 4,114,389 | ||||||||
Japanese Government CPI Linked Bond, 0.10%, 3/10/29 | JPY | 312,902,097 | 2,933,502 | ||||||||
11,237,339 | |||||||||||
Malaysia† | |||||||||||
Malaysia Government Bond, 3.96%, 9/15/25 | MYR | 990,000 | 247,490 | ||||||||
Mexico — 0.1% | |||||||||||
Mexican Bonos, 6.50%, 6/9/22 | MXN | 9,190,000 | 465,708 | ||||||||
Mexico Government International Bond, 4.15%, 3/28/27 | $ | 700,000 | 797,556 | ||||||||
1,263,264 | |||||||||||
Namibia — 0.1% | |||||||||||
Namibia International Bond, 5.25%, 10/29/25 | $ | 400,000 | 428,920 | ||||||||
Netherlands — 0.1% | |||||||||||
Netherlands Government Bond, 0.00%, 1/15/22(6)(7) | EUR | 152,000 | 180,848 | ||||||||
Netherlands Government Bond, 0.50%, 7/15/26(6) | EUR | 506,000 | 636,993 | ||||||||
Netherlands Government Bond, 2.75%, 1/15/47(6) | EUR | 82,000 | 165,164 | ||||||||
983,005 | |||||||||||
Norway† | |||||||||||
Norway Government Bond, 2.00%, 5/24/23(6) | NOK | 405,000 | 47,038 | ||||||||
Norway Government Bond, 1.75%, 2/17/27(6) | NOK | 1,880,000 | 221,292 | ||||||||
268,330 | |||||||||||
Peru† | |||||||||||
Peruvian Government International Bond, 5.625%, 11/18/50 | $ | 160,000 | 217,211 | ||||||||
Philippines† | |||||||||||
Philippine Government International Bond, 6.375%, 10/23/34 | $ | 100,000 | 141,361 | ||||||||
Poland† | |||||||||||
Republic of Poland Government Bond, 4.00%, 10/25/23 | PLN | 775,000 | 217,398 | ||||||||
Russia† | |||||||||||
Russian Federal Bond - OFZ, 7.05%, 1/19/28 | RUB | 5,500,000 | 76,587 | ||||||||
Singapore† | |||||||||||
Singapore Government Bond, 3.125%, 9/1/22 | SGD | 377,000 | 286,528 | ||||||||
Spain† | |||||||||||
Spain Government Bond, 4.40%, 10/31/23(6) | EUR | 100,000 | 131,966 | ||||||||
Spain Government Bond, 1.60%, 4/30/25(6) | EUR | 132,000 | 168,951 | ||||||||
Spain Government Bond, 5.15%, 10/31/28(6) | EUR | 47,000 | 77,117 | ||||||||
Spain Government Bond, 5.15%, 10/31/44(6) | EUR | 9,000 | 20,037 | ||||||||
398,071 | |||||||||||
Switzerland — 0.1% | |||||||||||
Swiss Confederation Government Bond, 1.25%, 5/28/26 | CHF | 410,000 | 495,720 | ||||||||
Swiss Confederation Government Bond, 2.50%, 3/8/36 | CHF | 71,000 | 109,786 | ||||||||
605,506 | |||||||||||
Thailand — 0.1% | |||||||||||
Thailand Government Bond, 3.625%, 6/16/23 | THB | 4,150,000 | 133,564 | ||||||||
Thailand Government Bond, 3.85%, 12/12/25 | THB | 11,550,000 | 397,918 | ||||||||
531,482 | |||||||||||
Turkey — 0.1% | |||||||||||
Turkey Government International Bond, 6.875%, 3/17/36 | $ | 400,000 | 409,101 | ||||||||
United Kingdom — 0.1% | |||||||||||
United Kingdom Gilt, 0.125%, 1/30/26 | GBP | 800,000 | 1,104,848 |
Shares/Principal Amount | Value | ||||||||||
Uruguay† | |||||||||||
Uruguay Government International Bond, 4.125%, 11/20/45 | $ | 80,000 | $ | 94,546 | |||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $39,037,220) | 41,594,532 | ||||||||||
COMMERCIAL PAPER(4) — 2.1% | |||||||||||
First Abu Dhabi Bank PJSC, 0.12%, 8/27/21(6) | 900,000 | 899,941 | |||||||||
Nordea Bank Abp, 0.19%, 6/24/22(6) | 3,900,000 | 3,900,105 | |||||||||
Ridgefield Funding Co. LLC, 0.19%, 11/2/21(6) | 3,050,000 | 3,049,219 | |||||||||
Royal Bank of Canada, 0.18%, 5/16/22 | 3,000,000 | 2,995,143 | |||||||||
Societe Generale SA, 0.19%, 10/21/21(6) | 3,020,000 | 3,019,373 | |||||||||
Toronto-Dominion Bank (The), 0.23%, 4/11/22(6) | 6,610,000 | 6,603,071 | |||||||||
TOTAL COMMERCIAL PAPER (Cost $20,462,168) | 20,466,852 | ||||||||||
MUNICIPAL SECURITIES — 1.6% | |||||||||||
Bay Area Toll Authority Rev., 6.92%, 4/1/40 | 130,000 | 199,449 | |||||||||
California Infrastructure & Economic Development Bank Rev., (Morningstar Enterprises LLC), VRDN, 0.07%, 8/6/21 (LOC: Wells Fargo Bank N.A.) | 220,000 | 220,000 | |||||||||
Kansas City Rev., VRDN, 0.11%, 8/6/21 (LOC: JPMorgan Chase & Co.) | 210,000 | 210,000 | |||||||||
Metropolitan Transportation Authority Rev., 6.69%, 11/15/40 | 30,000 | 43,754 | |||||||||
Metropolitan Transportation Authority Rev., 6.81%, 11/15/40 | 15,000 | 22,069 | |||||||||
Michigan Finance Authority Rev., 4.00%, 8/20/21 (LOC: JPMorgan Chase Bank N.A.) | 3,700,000 | 3,707,275 | |||||||||
Mississippi Business Finance Corp. Rev., (Chevron USA, Inc.), VRDN, 0.02%, 8/2/21 (GA: Chevron Corp.) | 250,000 | 250,000 | |||||||||
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 140,000 | 229,130 | |||||||||
New York City GO, 6.27%, 12/1/37 | 40,000 | 59,790 | |||||||||
Ohio Water Development Authority Water Pollution Control Loan Fund Rev., 4.88%, 12/1/34 | 200,000 | 242,003 | |||||||||
Orange County Housing Finance Authority Rev., (Marbella Pointe Development Group LLLP), VRDN, 0.06%, 8/6/21 (LOC: JPMorgan Chase Bank N.A.) | 3,000,000 | 3,000,000 | |||||||||
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 175,000 | 193,862 | |||||||||
Rutgers The State University of New Jersey Rev., 5.67%, 5/1/40 | 130,000 | 181,226 | |||||||||
Sacramento Municipal Utility District Rev., 6.16%, 5/15/36 | 170,000 | 241,655 | |||||||||
San Francisco Public Utilities Commission Water Rev., 6.00%, 11/1/40 | 135,000 | 191,039 | |||||||||
State of California GO, 4.60%, 4/1/38 | 100,000 | 117,575 | |||||||||
State of California GO, 7.55%, 4/1/39 | 60,000 | 104,243 | |||||||||
State of California GO, 7.30%, 10/1/39 | 90,000 | 146,309 | |||||||||
State of Maryland GO, 2.65%, 3/15/22 | 100,000 | 101,540 | |||||||||
State of Ohio Rev., VRDN, 0.01%, 8/6/21 | 350,000 | 350,000 | |||||||||
State of Texas Rev., 4.00%, 8/26/21 | 3,980,000 | 3,990,554 | |||||||||
Tempe Industrial Development Authority Rev., (ASUF Brickyard LLC), VRDN, 0.13%, 8/6/21 (LOC: Bank of America N.A.) | 175,000 | 175,000 | |||||||||
Tennis for Charity, Inc. Rev., VRDN, 0.06%, 8/6/21 (LOC: JPMorgan Chase Bank N.A.) | 860,000 | 860,000 | |||||||||
TOTAL MUNICIPAL SECURITIES (Cost $14,320,301) | 14,836,473 |
Shares/Principal Amount | Value | ||||||||||
COLLATERALIZED LOAN OBLIGATIONS — 1.4% | |||||||||||
Ares LVI CLO Ltd., Series 2020-56A, Class C, VRN, 2.53%, (3-month LIBOR plus 2.40%), 10/25/31(6) | $ | 625,000 | $ | 627,023 | |||||||
Ares XXXIV CLO Ltd., Series 2015-2A, Class BR2, VRN, 1.73%, (3-month LIBOR plus 1.60%), 4/17/33(6) | 725,000 | 724,070 | |||||||||
Bean Creek CLO Ltd., Series 2015-1A, Class BR, VRN, 1.58%, (3-month LIBOR plus 1.45%), 4/20/31(6) | 550,000 | 548,564 | |||||||||
CBAM Ltd., Series 2018-5A, Class B1, VRN, 1.53%, (3-month LIBOR plus 1.40%), 4/17/31(6) | 625,000 | 621,194 | |||||||||
Dryden Senior Loan Fund, Series 2017-50A, Class A1R, VRN, 1.13%, (3-month LIBOR plus 1.00%), 7/15/30(6) | 450,000 | 450,592 | |||||||||
Dryden Senior Loan Fund, Series 2021-87A, Class D, VRN, 3.07%, (3-month LIBOR plus 2.95%), 5/20/34(6) | 425,000 | 427,136 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class C, VRN, 2.18%, (3-month LIBOR plus 2.05%), 4/15/33(6) | 400,000 | 401,610 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class D, VRN, 3.28%, (3-month LIBOR plus 3.15%), 4/15/33(6) | 200,000 | 201,256 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class C, VRN, 2.875%, (3-month LIBOR plus 2.75%), 7/24/31(6) | 725,000 | 727,637 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class CR, VRN, 2.12%, (3-month LIBOR plus 2.00%), 10/20/34(6)(8) | 475,000 | 475,006 | |||||||||
Elmwood CLO VII Ltd., Series 2020-4A, Class C, VRN, 2.38%, (3-month LIBOR plus 2.25%), 1/17/34(6) | 350,000 | 352,817 | |||||||||
Flatiron CLO Ltd., Series 2020-1A, Class C, VRN, 2.61%, (3-month LIBOR plus 2.45%), 11/20/33(6) | 500,000 | 506,711 | |||||||||
Goldentree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 1.25%, (3-month LIBOR plus 1.12%), 7/20/31(6) | 350,000 | 350,572 | |||||||||
Kayne CLO Ltd., Series 2020-9A, Class C, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/15/34(6) | 500,000 | 508,483 | |||||||||
KKR CLO Ltd., Series 2022A, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 7/20/31(6) | 500,000 | 500,012 | |||||||||
Logan CLO I Ltd., Series 2021-1A, Class C, VRN, 2.05%, (3-month LIBOR plus 1.90%), 7/20/34(6) | 425,000 | 424,329 | |||||||||
Magnetite VIII Ltd., Series 2014-8A, Class BR2, VRN, 1.63%, (3-month LIBOR plus 1.50%), 4/15/31(6) | 600,000 | 598,162 | |||||||||
Magnetite XIV-R Ltd., Series 2015-14RA, Class B, VRN, 1.73%, (3-month LIBOR plus 1.60%), 10/18/31(6) | 525,000 | 524,442 | |||||||||
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 2.23%, (3-month LIBOR plus 2.10%), 1/25/32(6) | 450,000 | 451,764 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2018-30A, Class DR, VRN, 2.98%, (3-month LIBOR plus 2.85%), 1/20/31(6) | 250,000 | 250,877 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2019-34A, Class C1, VRN, 2.73%, (3-month LIBOR plus 2.60%), 1/20/33(6) | 375,000 | 377,537 | |||||||||
Octagon Ltd., Series 2021-1A, Class D, VRN, 3.18%, (3-month LIBOR plus 3.05%), 7/15/34(6) | 450,000 | 453,480 | |||||||||
OHA Credit Funding Ltd., Series 2020-7A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 10/19/32(6) | 500,000 | 500,920 | |||||||||
OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R3, VRN, 3.06%, (3-month LIBOR plus 2.90%), 2/20/34(6) | 375,000 | 376,720 | |||||||||
Point Au Roche Park CLO Ltd., Series 2021-1A, Class D, VRN, 2.98%, (3-month LIBOR plus 2.80%), 7/20/34(6) | 275,000 | 276,418 |
Shares/Principal Amount | Value | ||||||||||
Reese Park CLO Ltd., Series 2020-1A, Class C1, VRN, 2.58%, (3-month LIBOR plus 2.45%), 10/15/32(6) | $ | 475,000 | $ | 476,678 | |||||||
Rockford Tower CLO Ltd., Series 2020-1A, Class C, VRN, 2.48%, (3-month LIBOR plus 2.35%), 1/20/32(6) | 400,000 | 401,793 | |||||||||
Symphony CLO XXII Ltd., Series 2020-22A, Class B, VRN, 1.83%, (3-month LIBOR plus 1.70%), 4/18/33(6) | 1,000,000 | 1,004,264 | |||||||||
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $13,465,168) | 13,540,067 | ||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.7% | |||||||||||
Private Sponsor Collateralized Mortgage Obligations — 0.2% | |||||||||||
ABN Amro Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 | 8,704 | 8,922 | |||||||||
Adjustable Rate Mortgage Trust, Series 2004-4, Class 4A1, VRN, 2.63%, 3/25/35 | 35,118 | 35,714 | |||||||||
Banc of America Mortgage Trust, Series 2004-E, Class 2A6 SEQ, VRN, 2.83%, 6/25/34 | 73,053 | 74,697 | |||||||||
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, VRN, 2.01%, 8/25/34 | 70,716 | 72,421 | |||||||||
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA4, Class A1, VRN, 2.37%, 10/25/34 | 64,446 | 66,708 | |||||||||
GSR Mortgage Loan Trust, Series 2004-7, Class 3A1, VRN, 2.34%, 6/25/34 | 26,638 | 26,686 | |||||||||
GSR Mortgage Loan Trust, Series 2004-AR5, Class 3A3, VRN, 2.60%, 5/25/34 | 50,353 | 49,482 | |||||||||
GSR Mortgage Loan Trust, Series 2005-AR1, Class 3A1, VRN, 2.89%, 1/25/35 | 71,675 | 73,134 | |||||||||
JP Morgan Mortgage Trust, Series 2013-1, Class 2A2 SEQ, VRN, 2.50%, 3/25/43(6) | 4,543 | 4,599 | |||||||||
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7, VRN, 2.79%, 11/21/34 | 208,542 | 210,779 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 2A, VRN, 2.19%, 11/25/35 | 41,551 | 41,521 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A1, VRN, 2.82%, 2/25/35 | 58,654 | 59,241 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A2, VRN, 2.82%, 2/25/35 | 18,329 | 18,565 | |||||||||
Radnor RE Ltd., Series 2021-1, Class M1B, VRN, 1.75%, (SOFR plus 1.70%), 12/27/33(6) | 850,000 | 851,789 | |||||||||
Sofi Mortgage Trust, Series 2016-1A, Class 1A4 SEQ, VRN, 3.00%, 11/25/46(6) | 46,451 | 47,438 | |||||||||
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 2A1, VRN, 2.45%, 7/25/34 | 41,422 | 42,560 | |||||||||
WaMu Mortgage Pass-Through Certificates, Series 2003-S11, Class 3A5, 5.95%, 11/25/33 | 39,620 | 41,361 | |||||||||
Wells Fargo Mortgage-Backed Securities Trust, Series 2007-13, Class A1, 6.00%, 9/25/37 | 836 | 852 | |||||||||
1,726,469 | |||||||||||
U.S. Government Agency Collateralized Mortgage Obligations — 0.5% | |||||||||||
FHLMC, Series 2014-HQ2, Class M3, VRN, 3.84%, (1-month LIBOR plus 3.75%), 9/25/24 | 789,649 | 804,268 | |||||||||
FHLMC, Series 2016-DNA3, Class M3, VRN, 5.09%, (1-month LIBOR plus 5.00%), 12/25/28 | 623,804 | 650,392 | |||||||||
FHLMC, Series 2016-HQA3, Class M2, VRN, 1.44%, (1-month LIBOR plus 1.35%), 3/25/29 | 3,782 | 3,781 | |||||||||
FHLMC, Series 2016-HQA4, Class M3, VRN, 3.99%, (1-month LIBOR plus 3.90%), 4/25/29 | 1,448,048 | 1,495,879 | |||||||||
FHLMC, Series 5123, Class HI, IO, 5.00%, 1/25/42 | 895,655 | 158,130 |
Shares/Principal Amount | Value | ||||||||||
FNMA, Series 2014-C02, Class 2M2, VRN, 2.69%, (1-month LIBOR plus 2.60%), 5/25/24 | $ | 410,962 | $ | 415,273 | |||||||
FNMA, Series 2015-C04, Class 1M2, VRN, 5.79%, (1-month LIBOR plus 5.70%), 4/25/28 | 248,781 | 263,581 | |||||||||
FNMA, Series 2016-C03, Class 2M2, VRN, 5.99%, (1-month LIBOR plus 5.90%), 10/25/28 | 156,186 | 164,904 | |||||||||
FNMA, Series 2017-C03, Class 1M2, VRN, 3.09%, (1-month LIBOR plus 3.00%), 10/25/29 | 115,505 | 118,765 | |||||||||
FNMA, Series 2018-C04, Class 2M2, VRN, 2.64%, (1-month LIBOR plus 2.55%), 12/25/30 | 864,816 | 876,666 | |||||||||
4,951,639 | |||||||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $6,358,608) | 6,678,108 | ||||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 0.4% | |||||||||||
Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.1% | |||||||||||
FHLMC, VRN, 2.25%, (12-month LIBOR plus 1.87%), 7/1/36 | 23,717 | 25,139 | |||||||||
FHLMC, VRN, 2.34%, (1-year H15T1Y plus 2.14%), 10/1/36 | 72,129 | 77,202 | |||||||||
FHLMC, VRN, 2.42%, (1-year H15T1Y plus 2.26%), 4/1/37 | 76,376 | 81,402 | |||||||||
FHLMC, VRN, 2.30%, (12-month LIBOR plus 1.77%), 9/1/40 | 18,424 | 19,182 | |||||||||
FHLMC, VRN, 2.15%, (12-month LIBOR plus 1.88%), 5/1/41 | 15,318 | 15,985 | |||||||||
FHLMC, VRN, 2.45%, (12-month LIBOR plus 1.86%), 7/1/41 | 47,486 | 50,494 | |||||||||
FHLMC, VRN, 2.02%, (12-month LIBOR plus 1.64%), 2/1/43 | 14,543 | 14,924 | |||||||||
FHLMC, VRN, 1.87%, (12-month LIBOR plus 1.62%), 6/1/43 | 213 | 214 | |||||||||
FHLMC, VRN, 1.90%, (12-month LIBOR plus 1.65%), 6/1/43 | 8,253 | 8,281 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 42,947 | 44,799 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 58,006 | 60,496 | |||||||||
FNMA, VRN, 1.79%, (6-month LIBOR plus 1.54%), 9/1/35 | 12,135 | 12,648 | |||||||||
FNMA, VRN, 2.36%, (1-year H15T1Y plus 2.16%), 3/1/38 | 65,711 | 70,066 | |||||||||
FNMA, VRN, 2.07%, (12-month LIBOR plus 1.69%), 1/1/40 | 10,134 | 10,551 | |||||||||
FNMA, VRN, 2.29%, (12-month LIBOR plus 1.86%), 3/1/40 | 13,574 | 14,425 | |||||||||
FNMA, VRN, 2.32%, (12-month LIBOR plus 1.77%), 10/1/40 | 25,141 | 26,577 | |||||||||
532,385 | |||||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 0.3% | |||||||||||
FHLMC, 8.00%, 6/1/26 | 2,626 | 2,672 | |||||||||
FHLMC, 8.00%, 6/1/26 | 120 | 131 | |||||||||
FHLMC, 7.00%, 8/1/29 | 565 | 624 | |||||||||
FHLMC, 8.00%, 7/1/30 | 3,264 | 3,926 | |||||||||
FHLMC, 5.50%, 12/1/33 | 73,035 | 83,266 | |||||||||
FHLMC, 6.50%, 5/1/34 | 4,702 | 5,604 | |||||||||
FHLMC, 5.50%, 6/1/35 | 2,129 | 2,378 | |||||||||
FHLMC, 5.50%, 10/1/35 | 8,472 | 9,572 | |||||||||
FHLMC, 5.50%, 10/1/35 | 5,419 | 6,064 | |||||||||
FHLMC, 6.50%, 3/1/36 | 402 | 453 | |||||||||
FHLMC, 6.50%, 3/1/36 | 1,270 | 1,429 | |||||||||
FHLMC, 5.50%, 1/1/38 | 43,700 | 50,878 | |||||||||
FHLMC, 6.00%, 2/1/38 | 27,826 | 33,103 | |||||||||
FHLMC, 6.00%, 11/1/38 | 117,711 | 137,096 | |||||||||
FNMA, 7.00%, 5/1/26 | 664 | 682 | |||||||||
FNMA, 7.00%, 6/1/26 | 483 | 532 |
Shares/Principal Amount | Value | ||||||||||
FNMA, 6.50%, 4/1/29 | $ | 4,178 | $ | 4,703 | |||||||
FNMA, 6.50%, 6/1/29 | 7,193 | 8,090 | |||||||||
FNMA, 6.50%, 6/1/29 | 3,284 | 3,696 | |||||||||
FNMA, 7.00%, 7/1/29 | 614 | 616 | |||||||||
FNMA, 6.50%, 8/1/29 | 4,878 | 5,568 | |||||||||
FNMA, 7.00%, 3/1/30 | 3,326 | 3,654 | |||||||||
FNMA, 7.50%, 9/1/30 | 2,647 | 3,070 | |||||||||
FNMA, 6.50%, 9/1/31 | 20,157 | 22,680 | |||||||||
FNMA, 7.00%, 9/1/31 | 10,400 | 10,975 | |||||||||
FNMA, 6.50%, 1/1/32 | 3,682 | 4,145 | |||||||||
FNMA, 5.50%, 6/1/33 | 25,884 | 29,902 | |||||||||
FNMA, 5.50%, 8/1/33 | 210,418 | 243,401 | |||||||||
FNMA, 5.50%, 1/1/34 | 111,455 | 128,759 | |||||||||
FNMA, 3.50%, 3/1/34 | 123,297 | 132,794 | |||||||||
FNMA, 5.50%, 9/1/34 | 7,245 | 8,409 | |||||||||
FNMA, 5.50%, 10/1/34 | 7,488 | 8,647 | |||||||||
FNMA, 6.00%, 10/1/34 | 17,997 | 20,224 | |||||||||
FNMA, 5.50%, 3/1/35 | 593 | 662 | |||||||||
FNMA, 5.50%, 3/1/35 | 998 | 1,114 | |||||||||
FNMA, 5.50%, 3/1/35 | 1,629 | 1,819 | |||||||||
FNMA, 5.50%, 3/1/35 | 8,936 | 10,372 | |||||||||
FNMA, 5.50%, 3/1/35 | 5,726 | 6,475 | |||||||||
FNMA, 6.00%, 5/1/35 | 3,160 | 3,667 | |||||||||
FNMA, 6.00%, 6/1/35 | 3,824 | 4,300 | |||||||||
FNMA, 6.00%, 6/1/35 | 878 | 991 | |||||||||
FNMA, 6.00%, 6/1/35 | 326 | 371 | |||||||||
FNMA, 5.50%, 7/1/35 | 6,195 | 7,074 | |||||||||
FNMA, 6.00%, 7/1/35 | 17,161 | 20,392 | |||||||||
FNMA, 6.00%, 7/1/35 | 2,730 | 3,067 | |||||||||
FNMA, 6.00%, 7/1/35 | 6,522 | 7,348 | |||||||||
FNMA, 5.50%, 8/1/35 | 3,965 | 4,528 | |||||||||
FNMA, 5.50%, 9/1/35 | 4,220 | 4,712 | |||||||||
FNMA, 5.50%, 9/1/35 | 338 | 393 | |||||||||
FNMA, 5.50%, 9/1/35 | 225 | 261 | |||||||||
FNMA, 5.50%, 9/1/35 | 6,371 | 7,391 | |||||||||
FNMA, 5.50%, 9/1/35 | 25,204 | 29,241 | |||||||||
FNMA, 5.50%, 10/1/35 | 70,153 | 81,387 | |||||||||
FNMA, 6.00%, 10/1/35 | 15,847 | 18,172 | |||||||||
FNMA, 5.50%, 11/1/35 | 37,369 | 43,358 | |||||||||
FNMA, 6.00%, 11/1/35 | 2,479 | 2,784 | |||||||||
FNMA, 6.50%, 11/1/35 | 2,337 | 2,686 | |||||||||
FNMA, 6.50%, 12/1/35 | 4,383 | 4,935 | |||||||||
FNMA, 6.00%, 8/1/36 | 3,025 | 3,590 | |||||||||
FNMA, 5.50%, 1/1/37 | 204,501 | 237,469 | |||||||||
FNMA, 6.00%, 5/1/37 | 3,742 | 4,436 | |||||||||
FNMA, 6.00%, 7/1/37 | 1,014 | 1,198 |
Shares/Principal Amount | Value | ||||||||||
FNMA, 6.50%, 8/1/37 | $ | 1,595 | $ | 1,834 | |||||||
FNMA, 6.50%, 8/1/37 | 375,682 | 406,558 | |||||||||
FNMA, 6.50%, 8/1/47 | 14,175 | 15,399 | |||||||||
FNMA, 6.50%, 9/1/47 | 33,924 | 36,746 | |||||||||
FNMA, 6.50%, 9/1/47 | 1,632 | 1,771 | |||||||||
FNMA, 6.50%, 9/1/47 | 17,939 | 19,426 | |||||||||
GNMA, 9.00%, 4/20/25 | 320 | 349 | |||||||||
GNMA, 7.50%, 10/15/25 | 1,261 | 1,280 | |||||||||
GNMA, 6.00%, 4/15/26 | 366 | 410 | |||||||||
GNMA, 7.50%, 6/15/26 | 1,227 | 1,251 | |||||||||
GNMA, 7.00%, 12/15/27 | 7,090 | 7,118 | |||||||||
GNMA, 7.50%, 12/15/27 | 2,527 | 2,622 | |||||||||
GNMA, 6.00%, 5/15/28 | 4,472 | 5,012 | |||||||||
GNMA, 6.50%, 5/15/28 | 3,992 | 4,463 | |||||||||
GNMA, 7.00%, 5/15/31 | 11,062 | 13,002 | |||||||||
GNMA, 5.50%, 11/15/32 | 28,788 | 33,187 | |||||||||
GNMA, 6.50%, 10/15/38 | 535,966 | 644,139 | |||||||||
GNMA, 4.50%, 5/20/41 | 448,387 | 499,002 | |||||||||
GNMA, 4.50%, 6/15/41 | 194,563 | 223,128 | |||||||||
GNMA, 3.50%, 4/20/45 | 74,579 | 79,561 | |||||||||
GNMA, 2.50%, 2/20/47 | 53,722 | 56,077 | |||||||||
3,544,271 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $3,692,927) | 4,076,656 | ||||||||||
ASSET-BACKED SECURITIES — 0.4% | |||||||||||
BRE Grand Islander Timeshare Issuer LLC, Series 2017-1A, Class A SEQ, 2.94%, 5/25/29(6) | 145,451 | 149,145 | |||||||||
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 9/17/25(6) | 600,000 | 605,908 | |||||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E, 2.67%, 10/19/37(6) | 1,800,000 | 1,844,450 | |||||||||
MAPS Trust, Series 2021-1A, Class A SEQ, 2.52%, 6/15/46(6) | 471,960 | 479,621 | |||||||||
Sierra Timeshare Receivables Funding LLC, Series 2018-2A, Class B, 3.65%, 6/20/35(6) | 313,662 | 322,913 | |||||||||
UAL Pass-Through Trust, Series 2007-1, Class A, 6.64%, 1/2/24 | 37,567 | 38,867 | |||||||||
VSE VOI Mortgage LLC, Series 2016-A, Class A SEQ, 2.54%, 7/20/33(6) | 202,350 | 202,513 | |||||||||
VSE VOI Mortgage LLC, Series 2018-A, Class B, 3.72%, 2/20/36(6) | 355,135 | 372,153 | |||||||||
TOTAL ASSET-BACKED SECURITIES (Cost $3,924,931) | 4,015,570 | ||||||||||
PREFERRED STOCKS — 0.4% | |||||||||||
Automobiles — 0.1% | |||||||||||
Volkswagen International Finance NV, 3.875% | 500,000 | 669,471 | |||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
Telefonica Europe BV, 3.00% | 400,000 | 491,108 | |||||||||
Telefonica Europe BV, 5.875% | 100,000 | 132,889 | |||||||||
623,997 |
Shares/Principal Amount | Value | ||||||||||
Electric Utilities† | |||||||||||
Electricite de France SA, 3.375% | 200,000 | $ | 252,375 | ||||||||
Enel SpA, 2.25% | 200,000 | 250,789 | |||||||||
503,164 | |||||||||||
Insurance — 0.1% | |||||||||||
Allianz SE, 3.375% | 100,000 | 129,533 | |||||||||
Allianz SE, MTN, 4.75% | 200,000 | 261,846 | |||||||||
AXA SA, MTN, 6.69% | 50,000 | 85,097 | |||||||||
Credit Agricole Assurances SA, 4.25% | 200,000 | 263,940 | |||||||||
Intesa Sanpaolo Vita SpA, 4.75% | 100,000 | 130,984 | |||||||||
871,400 | |||||||||||
Oil, Gas and Consumable Fuels — 0.1% | |||||||||||
Eni SpA, 3.375% | 500,000 | 641,464 | |||||||||
Trading Companies and Distributors† | |||||||||||
Aircastle Ltd., 5.25%(6) | 520,000 | 526,500 | |||||||||
TOTAL PREFERRED STOCKS (Cost $3,754,872) | 3,835,996 | ||||||||||
CERTIFICATES OF DEPOSIT — 0.2% | |||||||||||
Banks — 0.2% | |||||||||||
Skandinaviska Enskilda Banken AB, 0.18%, 10/4/21 (Cost $1,700,000) | $ | 1,700,000 | 1,700,315 | ||||||||
EXCHANGE-TRADED FUNDS† | |||||||||||
iShares MSCI EAFE Value ETF (Cost $247,471) | 4,744 | 244,885 | |||||||||
TEMPORARY CASH INVESTMENTS — 5.9% | |||||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $57,038,183) | 57,038,183 | 57,038,183 | |||||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(9) — 0.1% | |||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $624,184) | 624,184 | 624,184 | |||||||||
TOTAL INVESTMENT SECURITIES — 99.9% (Cost $751,144,811) | 955,229,498 | ||||||||||
OTHER ASSETS AND LIABILITIES — 0.1% | 1,076,694 | ||||||||||
TOTAL NET ASSETS — 100.0% | $ | 956,306,192 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
AUD | 1,005,052 | USD | 752,191 | Bank of America N.A. | 9/15/21 | $ | (14,484) | |||||||||||||
USD | 1,099,598 | AUD | 1,422,010 | Bank of America N.A. | 9/15/21 | 55,844 | ||||||||||||||
USD | 758,621 | AUD | 1,011,198 | Bank of America N.A. | 9/15/21 | 16,403 | ||||||||||||||
BRL | 5,339,370 | USD | 1,043,151 | Goldman Sachs & Co. | 9/15/21 | (23,844) | ||||||||||||||
USD | 531,566 | BRL | 2,704,876 | Goldman Sachs & Co. | 9/15/21 | 15,195 | ||||||||||||||
CAD | 18,129 | USD | 14,392 | Morgan Stanley | 9/29/21 | 139 | ||||||||||||||
CAD | 36,563 | USD | 28,618 | Morgan Stanley | 9/29/21 | 689 | ||||||||||||||
USD | 2,156,436 | CAD | 2,607,563 | Bank of America N.A. | 9/15/21 | 66,414 | ||||||||||||||
USD | 432,157 | CAD | 525,736 | Bank of America N.A. | 9/15/21 | 10,767 | ||||||||||||||
USD | 361 | CAD | 444 | Morgan Stanley | 9/29/21 | 4 | ||||||||||||||
USD | 668,936 | CAD | 828,855 | Morgan Stanley | 9/29/21 | 4,580 | ||||||||||||||
USD | 15,735 | CAD | 19,772 | Morgan Stanley | 9/29/21 | (113) | ||||||||||||||
USD | 18,647 | CAD | 23,424 | Morgan Stanley | 9/29/21 | (128) | ||||||||||||||
USD | 1,147,797 | CHF | 1,026,601 | Morgan Stanley | 9/15/21 | 13,252 | ||||||||||||||
CLP | 10,963,621 | USD | 15,207 | Goldman Sachs & Co. | 9/15/21 | (778) | ||||||||||||||
USD | 7,117,374 | CNY | 45,796,745 | Goldman Sachs & Co. | 9/15/21 | 57,928 | ||||||||||||||
COP | 1,476,794,027 | USD | 409,760 | Goldman Sachs & Co. | 9/15/21 | (29,820) | ||||||||||||||
USD | 363,786 | COP | 1,365,961,954 | Goldman Sachs & Co. | 9/15/21 | 12,361 | ||||||||||||||
USD | 92,461 | CZK | 1,927,275 | UBS AG | 9/15/21 | 2,867 | ||||||||||||||
USD | 68,507 | DKK | 417,393 | UBS AG | 9/15/21 | 1,897 | ||||||||||||||
EUR | 115,984 | USD | 137,901 | JPMorgan Chase Bank N.A. | 8/18/21 | (275) | ||||||||||||||
EUR | 32,019 | USD | 38,072 | Credit Suisse AG | 9/30/21 | (46) | ||||||||||||||
EUR | 13,159 | USD | 15,646 | Credit Suisse AG | 9/30/21 | (19) | ||||||||||||||
EUR | 19,827 | USD | 23,381 | Credit Suisse AG | 9/30/21 | 165 | ||||||||||||||
EUR | 14,048 | USD | 16,621 | Credit Suisse AG | 9/30/21 | 63 | ||||||||||||||
USD | 11,176,921 | EUR | 9,448,266 | JPMorgan Chase Bank N.A. | 8/18/21 | (34,323) | ||||||||||||||
USD | 1,534,776 | EUR | 1,286,754 | Credit Suisse AG | 9/30/21 | 6,610 | ||||||||||||||
USD | 597,895 | EUR | 501,275 | Credit Suisse AG | 9/30/21 | 2,575 | ||||||||||||||
USD | 19,454 | EUR | 16,271 | Credit Suisse AG | 9/30/21 | 131 | ||||||||||||||
USD | 46,205 | EUR | 38,952 | Credit Suisse AG | 9/30/21 | (55) | ||||||||||||||
USD | 53,043 | EUR | 44,742 | Credit Suisse AG | 9/30/21 | (94) | ||||||||||||||
USD | 16,675 | EUR | 14,048 | Credit Suisse AG | 9/30/21 | (8) | ||||||||||||||
USD | 17,385 | EUR | 14,670 | Credit Suisse AG | 9/30/21 | (38) | ||||||||||||||
USD | 22,825 | EUR | 19,382 | Credit Suisse AG | 9/30/21 | (194) | ||||||||||||||
USD | 46,868 | EUR | 39,766 | Credit Suisse AG | 9/30/21 | (358) | ||||||||||||||
USD | 22,739 | EUR | 19,293 | Credit Suisse AG | 9/30/21 | (174) | ||||||||||||||
USD | 18,918 | EUR | 16,004 | Credit Suisse AG | 9/30/21 | (88) | ||||||||||||||
USD | 20,630 | EUR | 17,337 | Credit Suisse AG | 9/30/21 | 39 | ||||||||||||||
USD | 49,062 | EUR | 41,535 | Goldman Sachs & Co. | 9/30/21 | (265) | ||||||||||||||
GBP | 490,427 | USD | 692,679 | Bank of America N.A. | 9/15/21 | (10,913) | ||||||||||||||
GBP | 135,950 | USD | 189,944 | Bank of America N.A. | 9/15/21 | (953) | ||||||||||||||
GBP | 30,890 | USD | 43,032 | JPMorgan Chase Bank N.A. | 9/30/21 | (89) | ||||||||||||||
GBP | 31,057 | USD | 43,112 | JPMorgan Chase Bank N.A. | 9/30/21 | 64 | ||||||||||||||
GBP | 41,742 | USD | 56,848 | JPMorgan Chase Bank N.A. | 9/30/21 | 1,181 | ||||||||||||||
USD | 43,546 | GBP | 31,325 | Goldman Sachs & Co. | 9/30/21 | (2) | ||||||||||||||
USD | 1,517,832 | GBP | 1,090,443 | JPMorgan Chase Bank N.A. | 9/30/21 | 1,891 | ||||||||||||||
USD | 33,381 | GBP | 24,235 | JPMorgan Chase Bank N.A. | 9/30/21 | (311) | ||||||||||||||
HKD | 23,616 | USD | 3,037 | Bank of America N.A. | 9/30/21 | 2 | ||||||||||||||
HKD | 63,099 | USD | 8,109 | Bank of America N.A. | 9/30/21 | 11 | ||||||||||||||
HKD | 87,822 | USD | 11,287 | Bank of America N.A. | 9/30/21 | 16 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 4,116 | HKD | 31,973 | Bank of America N.A. | 9/30/21 | $ | 1 | |||||||||||||
USD | 4,784 | HKD | 37,179 | Bank of America N.A. | 9/30/21 | (1) | ||||||||||||||
USD | 9,958 | HKD | 77,405 | Bank of America N.A. | 9/30/21 | (4) | ||||||||||||||
USD | 9,768 | HKD | 75,906 | Bank of America N.A. | 9/30/21 | (1) | ||||||||||||||
USD | 40,007 | HKD | 310,743 | Bank of America N.A. | 9/30/21 | 15 | ||||||||||||||
USD | 1,615 | HKD | 12,546 | Bank of America N.A. | 9/30/21 | — | ||||||||||||||
USD | 11,580 | HKD | 90,036 | Bank of America N.A. | 9/30/21 | (7) | ||||||||||||||
HUF | 7,769,107 | USD | 27,274 | UBS AG | 9/15/21 | (1,604) | ||||||||||||||
IDR | 6,431,147,442 | USD | 445,864 | Goldman Sachs & Co. | 9/15/21 | (2,507) | ||||||||||||||
ILS | 137,716 | USD | 42,473 | UBS AG | 9/17/21 | 145 | ||||||||||||||
USD | 684,916 | INR | 50,558,458 | Goldman Sachs & Co. | 9/15/21 | 8,394 | ||||||||||||||
JPY | 1,463,040 | USD | 13,347 | Bank of America N.A. | 9/30/21 | (4) | ||||||||||||||
JPY | 2,564,016 | USD | 23,325 | Bank of America N.A. | 9/30/21 | 58 | ||||||||||||||
JPY | 2,419,344 | USD | 21,972 | Bank of America N.A. | 9/30/21 | 92 | ||||||||||||||
JPY | 1,203,840 | USD | 10,933 | Bank of America N.A. | 9/30/21 | 46 | ||||||||||||||
JPY | 1,982,040 | USD | 18,123 | Bank of America N.A. | 9/30/21 | (48) | ||||||||||||||
JPY | 984,960 | USD | 8,944 | Bank of America N.A. | 9/30/21 | 39 | ||||||||||||||
USD | 6,252,131 | JPY | 688,518,464 | Bank of America N.A. | 8/18/21 | (24,630) | ||||||||||||||
USD | 534,850 | JPY | 59,153,381 | Bank of America N.A. | 9/30/21 | (4,600) | ||||||||||||||
USD | 400,135 | JPY | 44,254,080 | Bank of America N.A. | 9/30/21 | (3,441) | ||||||||||||||
USD | 13,933 | JPY | 1,543,680 | Bank of America N.A. | 9/30/21 | (145) | ||||||||||||||
USD | 14,548 | JPY | 1,607,040 | Bank of America N.A. | 9/30/21 | (108) | ||||||||||||||
USD | 219,494 | JPY | 24,136,023 | Bank of America N.A. | 9/30/21 | (615) | ||||||||||||||
USD | 18,382 | JPY | 2,017,849 | Bank of America N.A. | 9/30/21 | (20) | ||||||||||||||
KRW | 360,542,123 | USD | 323,017 | Goldman Sachs & Co. | 9/15/21 | (10,538) | ||||||||||||||
KZT | 119,784,230 | USD | 276,223 | Goldman Sachs & Co. | 9/15/21 | 2,755 | ||||||||||||||
USD | 397,410 | MXN | 7,931,978 | Morgan Stanley | 9/15/21 | 1,234 | ||||||||||||||
MYR | 3,291,516 | USD | 798,427 | Goldman Sachs & Co. | 9/15/21 | (22,867) | ||||||||||||||
NOK | 75,011 | USD | 8,806 | UBS AG | 9/30/21 | (314) | ||||||||||||||
NOK | 249,251 | USD | 28,224 | UBS AG | 9/30/21 | (8) | ||||||||||||||
USD | 269,061 | NOK | 2,226,452 | UBS AG | 9/15/21 | 17,022 | ||||||||||||||
USD | 377,985 | NOK | 3,244,482 | UBS AG | 9/30/21 | 10,702 | ||||||||||||||
USD | 10,366 | NOK | 90,738 | UBS AG | 9/30/21 | 94 | ||||||||||||||
USD | 202 | NOK | 1,810 | UBS AG | 9/30/21 | (3) | ||||||||||||||
NZD | 509,315 | USD | 356,123 | Bank of America N.A. | 9/15/21 | (1,344) | ||||||||||||||
USD | 313,853 | NZD | 437,487 | Bank of America N.A. | 9/15/21 | 9,109 | ||||||||||||||
PEN | 59,108 | USD | 15,279 | Goldman Sachs & Co. | 9/15/21 | (725) | ||||||||||||||
USD | 931,249 | PHP | 44,762,362 | Goldman Sachs & Co. | 9/15/21 | 37,457 | ||||||||||||||
USD | 179,411 | PLN | 658,828 | UBS AG | 9/15/21 | 8,373 | ||||||||||||||
USD | 81,629 | RUB | 5,983,047 | Goldman Sachs & Co. | 9/15/21 | 314 | ||||||||||||||
SEK | 1,083,510 | USD | 131,311 | UBS AG | 9/15/21 | (5,401) | ||||||||||||||
SEK | 6,612,090 | USD | 761,729 | UBS AG | 9/15/21 | 6,629 | ||||||||||||||
USD | 215,453 | SGD | 285,549 | Bank of America N.A. | 9/15/21 | 4,720 | ||||||||||||||
USD | 1,262,446 | THB | 39,446,379 | Goldman Sachs & Co. | 9/15/21 | 62,558 | ||||||||||||||
$ | 244,538 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Euro-Bobl 5-Year Bonds | 15 | September 2021 | $ | 2,408,561 | $ | 22,928 | ||||||||
Korean Treasury 10-Year Bonds | 10 | September 2021 | 1,114,975 | 19,804 | ||||||||||
U.K. Gilt 10-Year Bonds | 17 | September 2021 | 3,066,940 | 62,829 | ||||||||||
U.S. Treasury 2-Year Notes | 132 | September 2021 | 29,126,625 | (10,569) | ||||||||||
U.S. Treasury 5-Year Notes | 173 | September 2021 | 21,529,039 | 98,437 | ||||||||||
U.S. Treasury Ultra Bonds | 29 | September 2021 | 5,786,406 | 106,881 | ||||||||||
$ | 63,032,546 | $ | 300,310 |
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Notes | 18 | September 2021 | $ | 2,420,156 | $ | (4,304) | ||||||||
U.S. Treasury Long Bonds | 13 | September 2021 | 2,141,344 | (104,431) | ||||||||||
$ | 4,561,500 | $ | (108,735) |
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS | |||||||||||||||||||||||
Reference Entity | Type‡ | Fixed Rate Received (Paid) Quarterly | Termination Date | Notional Amount | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Value^ | ||||||||||||||||
Markit CDX North America High Yield Index Series 35 | Sell | 5.00% | 12/20/25 | $ | 3,652,000 | $ | 291,175 | $ | 66,854 | $ | 358,029 |
NOTES TO SCHEDULE OF INVESTMENTS | |||||||||||||||||
ADR | - | American Depositary Receipt | LOC | - | Letter of Credit | ||||||||||||
AUD | - | Australian Dollar | MTN | - | Medium Term Note | ||||||||||||
BRL | - | Brazilian Real | MXN | - | Mexican Peso | ||||||||||||
CAD | - | Canadian Dollar | MYR | - | Malaysian Ringgit | ||||||||||||
CDX | - | Credit Derivatives Indexes | NOK | - | Norwegian Krone | ||||||||||||
CHF | - | Swiss Franc | NZD | - | New Zealand Dollar | ||||||||||||
CLP | - | Chilean Peso | PEN | - | Peruvian Sol | ||||||||||||
CNY | - | Chinese Yuan | PHP | - | Philippine Peso | ||||||||||||
COP | - | Colombian Peso | PLN | - | Polish Zloty | ||||||||||||
CPI | - | Consumer Price Index | RUB | - | Russian Ruble | ||||||||||||
CZK | - | Czech Koruna | SEK | - | Swedish Krona | ||||||||||||
DKK | - | Danish Krone | SEQ | - | Sequential Payer | ||||||||||||
EUR | - | Euro | SGD | - | Singapore Dollar | ||||||||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | SOFR | - | Secured Overnight Financing Rate | ||||||||||||
FNMA | - | Federal National Mortgage Association | THB | - | Thai Baht | ||||||||||||
GA | - | Guaranty Agreement | USD | - | United States Dollar | ||||||||||||
GBP | - | British Pound | VRDN | - | Variable Rate Demand Note. The instrument may be payable upon demand and 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 date of the demand feature is disclosed. | ||||||||||||
GNMA | - | Government National Mortgage Association | |||||||||||||||
GO | - | General Obligation | |||||||||||||||
H15T1Y | - | Constant Maturity U.S. Treasury Note Yield Curve Rate Index | |||||||||||||||
HKD | - | Hong Kong Dollar | |||||||||||||||
HUF | - | Hungarian Forint | |||||||||||||||
IDR | - | Indonesian Rupiah | 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. | ||||||||||||
ILS | - | Israeli Shekel | |||||||||||||||
INR | - | Indian Rupee | |||||||||||||||
IO | - | Interest Only | |||||||||||||||
JPY | - | Japanese Yen | |||||||||||||||
KRW | - | South Korean Won | |||||||||||||||
KZT | - | Kazakhstani Tenge | |||||||||||||||
LIBOR | - | London Interbank Offered Rate |
Statement of Assets and Liabilities |
JULY 31, 2021 | |||||
Assets | |||||
Investment securities - unaffiliated, at value (cost of $467,927,453) — including $1,822,974 of securities on loan | $ | 570,470,490 | |||
Investment securities - affiliated, at value (cost of $282,593,174) | 384,134,824 | ||||
Investment made with cash collateral received for securities on loan, at value (cost of $624,184) | 624,184 | ||||
Total investment securities, at value (cost of $751,144,811) | 955,229,498 | ||||
Cash | 163,701 | ||||
Foreign currency holdings, at value (cost of $8,644) | 7,949 | ||||
Foreign deposits with broker for futures contracts, at value (cost of $136,601) | 138,489 | ||||
Receivable for investments sold | 1,236,437 | ||||
Receivable for capital shares sold | 157,905 | ||||
Receivable for variation margin on futures contracts | 45,947 | ||||
Unrealized appreciation on forward foreign currency exchange contracts | 440,845 | ||||
Interest and dividends receivable | 1,846,384 | ||||
Securities lending receivable | 1,458 | ||||
Other assets | 19,091 | ||||
959,287,704 | |||||
Liabilities | |||||
Payable for collateral received for securities on loan | 624,184 | ||||
Payable for investments purchased | 1,228,464 | ||||
Payable for capital shares redeemed | 271,131 | ||||
Payable for variation margin on swap agreements | 11,082 | ||||
Unrealized depreciation on forward foreign currency exchange contracts | 196,307 | ||||
Accrued management fees | 533,999 | ||||
Distribution and service fees payable | 112,980 | ||||
Accrued foreign taxes | 3,365 | ||||
2,981,512 | |||||
Net Assets | $ | 956,306,192 | |||
Net Assets Consist of: | |||||
Capital (par value and paid-in surplus) | $ | 690,100,242 | |||
Distributable earnings | 266,205,950 | ||||
$ | 956,306,192 |
Net Assets | Shares Outstanding | Net Asset Value Per Share | |||||||||
Investor Class, $0.01 Par Value | $332,602,107 | 44,960,190 | $7.40 | ||||||||
I Class, $0.01 Par Value | $71,639,196 | 9,679,471 | $7.40 | ||||||||
A Class, $0.01 Par Value | $342,834,545 | 46,530,067 | $7.37* | ||||||||
C Class, $0.01 Par Value | $28,682,528 | 3,987,490 | $7.19 | ||||||||
R Class, $0.01 Par Value | $38,353,218 | 5,249,605 | $7.31 | ||||||||
R5 Class, $0.01 Par Value | $7,768,159 | 1,048,804 | $7.41 | ||||||||
R6 Class, $0.01 Par Value | $134,426,439 | 18,194,425 | $7.39 |
Statement of Operations |
YEAR ENDED JULY 31, 2021 | |||||
Investment Income (Loss) | |||||
Income: | |||||
Interest (net of foreign taxes withheld of $4,604) | $ | 6,696,010 | |||
Income distributions from affiliated funds | 5,317,321 | ||||
Dividends (net of foreign taxes withheld of $126,753) | 3,799,127 | ||||
Securities lending, net | 17,375 | ||||
15,829,833 | |||||
Expenses: | |||||
Management fees | 9,378,225 | ||||
Distribution and service fees: | |||||
A Class | 792,166 | ||||
C Class | 347,327 | ||||
R Class | 193,198 | ||||
Directors' fees and expenses | 25,179 | ||||
Other expenses | 29,064 | ||||
10,765,159 | |||||
Fees waived(1) | (3,398,453) | ||||
7,366,706 | |||||
Net investment income (loss) | 8,463,127 | ||||
Realized and Unrealized Gain (Loss) | |||||
Net realized gain (loss) on: | |||||
Investment transactions (including $30,068,746 from affiliated funds and net of foreign tax expenses paid (refunded) of $(72)) | 78,893,574 | ||||
Forward foreign currency exchange contract transactions | (938,558) | ||||
Futures contract transactions | 19,668 | ||||
Swap agreement transactions | 131,787 | ||||
Foreign currency translation transactions | 9,252 | ||||
Capital gain distributions received from affiliated funds | 121,385 | ||||
78,237,108 | |||||
Change in net unrealized appreciation (depreciation) on: | |||||
Investments (including $81,865,484 from affiliated funds and (increase) decrease in accrued foreign taxes of $(1,568)) | 110,984,763 | ||||
Forward foreign currency exchange contracts | 593,932 | ||||
Futures contracts | 182,626 | ||||
Swap agreements | 66,854 | ||||
Translation of assets and liabilities in foreign currencies | (5,837) | ||||
111,822,338 | |||||
Net realized and unrealized gain (loss) | 190,059,446 | ||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 198,522,573 |
Statement of Changes in Net Assets |
YEARS ENDED JULY 31, 2021 AND JULY 31, 2020 | ||||||||
Increase (Decrease) in Net Assets | July 31, 2021 | July 31, 2020 | ||||||
Operations | ||||||||
Net investment income (loss) | $ | 8,463,127 | $ | 8,585,850 | ||||
Net realized gain (loss) | 78,237,108 | 105,148,279 | ||||||
Change in net unrealized appreciation (depreciation) | 111,822,338 | (46,558,316) | ||||||
Net increase (decrease) in net assets resulting from operations | 198,522,573 | 67,175,813 | ||||||
Distributions to Shareholders | ||||||||
From earnings: | ||||||||
Investor Class | (16,064,506) | (37,790,354) | ||||||
I Class | (3,522,656) | (8,557,597) | ||||||
A Class | (15,023,804) | (37,234,066) | ||||||
C Class | (1,773,159) | (5,380,827) | ||||||
R Class | (1,822,110) | (4,681,843) | ||||||
R5 Class | (388,300) | (983,349) | ||||||
R6 Class | (7,105,756) | (13,652,619) | ||||||
Decrease in net assets from distributions | (45,700,291) | (108,280,655) | ||||||
Capital Share Transactions | ||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | (49,353,471) | 8,003,059 | ||||||
Net increase (decrease) in net assets | 103,468,811 | (33,101,783) | ||||||
Net Assets | ||||||||
Beginning of period | 852,837,381 | 885,939,164 | ||||||
End of period | $ | 956,306,192 | $ | 852,837,381 | ||||
Notes to Financial Statements |
Remaining Contractual Maturity of Agreements | |||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||
Securities Lending Transactions(1) | |||||||||||||||||
Common Stocks | $ | 624,184 | — | — | — | $ | 624,184 | ||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 624,184 |
Effective Annual Management Fee | |||||||||||
Management Fee Schedule Range | Before Waiver | After Waiver | |||||||||
Investor Class | 0.90% to 1.10% | 1.10% | 0.72% | ||||||||
I Class | 0.70% to 0.90% | 0.90% | 0.52% | ||||||||
A Class | 0.90% to 1.10% | 1.10% | 0.72% | ||||||||
C Class | 0.90% to 1.10% | 1.10% | 0.72% | ||||||||
R Class | 0.90% to 1.10% | 1.10% | 0.72% | ||||||||
R5 Class | 0.70% to 0.90% | 0.90% | 0.52% | ||||||||
R6 Class | 0.55% to 0.75% | 0.75% | 0.37% |
Year ended July 31, 2021 | Year ended July 31, 2020 | |||||||||||||
Shares | Amount | Shares | Amount | |||||||||||
Investor Class/Shares Authorized | 790,000,000 | 790,000,000 | ||||||||||||
Sold | 4,099,547 | $ | 28,587,905 | 5,636,640 | $ | 32,291,094 | ||||||||
Issued in reinvestment of distributions | 2,335,225 | 15,641,289 | 6,082,375 | 37,158,054 | ||||||||||
Redeemed | (9,175,667) | (62,598,014) | (11,891,155) | (73,244,645) | ||||||||||
(2,740,895) | (18,368,820) | (172,140) | (3,795,497) | |||||||||||
I Class/Shares Authorized | 380,000,000 | 380,000,000 | ||||||||||||
Sold | 1,397,614 | 9,624,673 | 922,860 | 5,660,828 | ||||||||||
Issued in reinvestment of distributions | 523,495 | 3,516,603 | 1,399,890 | 8,556,549 | ||||||||||
Redeemed | (2,293,806) | (15,588,905) | (3,861,678) | (24,282,702) | ||||||||||
(372,697) | (2,447,629) | (1,538,928) | (10,065,325) | |||||||||||
A Class/Shares Authorized | 670,000,000 | 670,000,000 | ||||||||||||
Sold | 5,905,766 | 40,402,029 | 5,025,835 | 30,520,692 | ||||||||||
Issued in reinvestment of distributions | 2,195,878 | 14,650,103 | 5,898,171 | 35,902,097 | ||||||||||
Redeemed | (7,941,893) | (54,075,671) | (11,068,511) | (67,526,965) | ||||||||||
159,751 | 976,461 | (144,505) | (1,104,176) | |||||||||||
C Class/Shares Authorized | 160,000,000 | 160,000,000 | ||||||||||||
Sold | 471,554 | 3,147,225 | 499,274 | 2,952,893 | ||||||||||
Issued in reinvestment of distributions | 270,676 | 1,768,799 | 885,810 | 5,306,449 | ||||||||||
Redeemed | (3,238,938) | (21,637,082) | (2,422,943) | (14,652,563) | ||||||||||
(2,496,708) | (16,721,058) | (1,037,859) | (6,393,221) | |||||||||||
R Class/Shares Authorized | 90,000,000 | 90,000,000 | ||||||||||||
Sold | 597,422 | 4,045,578 | 836,738 | 5,120,562 | ||||||||||
Issued in reinvestment of distributions | 275,380 | 1,821,434 | 771,046 | 4,660,507 | ||||||||||
Redeemed | (1,423,460) | (9,788,870) | (1,815,246) | (11,015,570) | ||||||||||
(550,658) | (3,921,858) | (207,462) | (1,234,501) | |||||||||||
R5 Class/Shares Authorized | 50,000,000 | 50,000,000 | ||||||||||||
Sold | 98,060 | 678,487 | 141,601 | 848,522 | ||||||||||
Issued in reinvestment of distributions | 57,800 | 388,300 | 160,726 | 983,349 | ||||||||||
Redeemed | (220,043) | (1,476,149) | (284,046) | (1,648,151) | ||||||||||
(64,183) | (409,362) | 18,281 | 183,720 | |||||||||||
R6 Class/Shares Authorized | 295,000,000 | 150,000,000 | ||||||||||||
Sold | 2,925,930 | 20,290,100 | 5,780,320 | 35,627,500 | ||||||||||
Issued in reinvestment of distributions | 1,060,303 | 7,105,756 | 2,238,672 | 13,652,619 | ||||||||||
Redeemed | (5,222,882) | (35,857,061) | (3,165,729) | (18,868,060) | ||||||||||
(1,236,649) | (8,461,205) | 4,853,263 | 30,412,059 | |||||||||||
Net increase (decrease) | (7,302,039) | $ | (49,353,471) | 1,770,650 | $ | 8,003,059 |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Affiliated Funds | $ | 384,134,824 | — | — | |||||||
Common Stocks | 199,163,292 | $ | 55,380,802 | — | |||||||
U.S. Treasury Securities | — | 95,559,985 | — | ||||||||
Corporate Bonds | — | 52,338,774 | — | ||||||||
Sovereign Governments and Agencies | — | 41,594,532 | — | ||||||||
Commercial Paper | — | 20,466,852 | — | ||||||||
Municipal Securities | — | 14,836,473 | — | ||||||||
Collateralized Loan Obligations | — | 13,540,067 | — | ||||||||
Collateralized Mortgage Obligations | — | 6,678,108 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 4,076,656 | — | ||||||||
Asset-Backed Securities | — | 4,015,570 | — | ||||||||
Preferred Stocks | — | 3,835,996 | — | ||||||||
Certificates of Deposit | — | 1,700,315 | — | ||||||||
Exchange-Traded Funds | 244,885 | — | — | ||||||||
Temporary Cash Investments | 57,038,183 | — | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 624,184 | — | — | ||||||||
$ | 641,205,368 | $ | 314,024,130 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 205,318 | $ | 105,561 | — | ||||||
Swap Agreements | — | 358,029 | — | ||||||||
Forward Foreign Currency Exchange Contracts | — | 440,845 | — | ||||||||
$ | 205,318 | $ | 904,435 | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 119,304 | — | — | |||||||
Forward Foreign Currency Exchange Contracts | — | $ | 196,307 | — | |||||||
$ | 119,304 | $ | 196,307 | — |
Asset Derivatives | Liability Derivatives | |||||||||||||
Type of Risk Exposure | Location on Statement of Assets and Liabilities | Value | Location on Statement of Assets and Liabilities | Value | ||||||||||
Credit Risk | Receivable for variation margin on swap agreements* | — | Payable for variation margin on swap agreements* | $ | 11,082 | |||||||||
Foreign Currency Risk | Unrealized appreciation on forward foreign currency exchange contracts | $ | 440,845 | Unrealized depreciation on forward foreign currency exchange contracts | 196,307 | |||||||||
Interest Rate Risk | Receivable for variation margin on futures contracts* | 45,947 | Payable for variation margin on futures contracts* | — | ||||||||||
$ | 486,792 | $ | 207,389 |
Net Realized Gain (Loss) | Change in Net Unrealized Appreciation (Depreciation) | |||||||||||||
Type of Risk Exposure | Location on Statement of Operations | Value | Location on Statement of Operations | Value | ||||||||||
Credit Risk | Net realized gain (loss) on swap agreement transactions | $ | 131,787 | Change in net unrealized appreciation (depreciation) on swap agreements | $ | 66,854 | ||||||||
Foreign Currency Risk | Net realized gain (loss) on forward foreign currency exchange contract transactions | (938,558) | Change in net unrealized appreciation (depreciation) on forward foreign currency exchange contracts | 593,932 | ||||||||||
Interest Rate Risk | Net realized gain (loss) on futures contract transactions | 19,668 | Change in net unrealized appreciation (depreciation) on futures contracts | 182,626 | ||||||||||
$ | (787,103) | $ | 843,412 |
2021 | 2020 | |||||||
Distributions Paid From | ||||||||
Ordinary income | $ | 18,914,522 | $ | 17,799,600 | ||||
Long-term capital gains | $ | 26,785,769 | $ | 90,481,055 |
Federal tax cost of investments | $ | 755,636,973 | |||
Gross tax appreciation of investments | $ | 207,689,640 | |||
Gross tax depreciation of investments | (8,097,115) | ||||
Net tax appreciation (depreciation) of investments | 199,592,525 | ||||
Net tax appreciation (depreciation) on derivatives and translation of assets and liabilities in foreign currencies | 209,302 | ||||
Net tax appreciation (depreciation) | $ | 199,801,827 | |||
Other book-to-tax adjustments | $ | (524,208) | |||
Undistributed ordinary income | $ | 19,155,549 | |||
Accumulated long-term gains | $ | 47,772,782 |
Affiliated Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Distributions Received(2) | ||||||||||||||||||
American Century Diversified Corporate Bond ETF | $ | 28,680 | — | — | $ | (61) | $ | 28,619 | 541 | — | $ | 889 | ||||||||||||||
American Century Focused Dynamic Growth ETF | 42,360 | — | $ | 19,263 | 4,188 | 27,285 | 330 | $ | 7,410 | 4 | ||||||||||||||||
American Century Focused Large Cap Value ETF | 23,269 | $ | 13,082 | — | 7,287 | 43,638 | 712 | — | 524 | |||||||||||||||||
American Century Quality Diversified International ETF | 28,262 | 1,454 | 5,218 | 5,974 | 30,472 | 585 | 838 | 628 | ||||||||||||||||||
American Century STOXX U.S. Quality Growth ETF | 58,991 | — | 20,160 | 8,528 | 47,359 | 649 | 9,332 | 122 | ||||||||||||||||||
American Century STOXX U.S. Quality Value ETF | 39,459 | 8,448 | — | 15,084 | 62,991 | 1,241 | — | 888 | ||||||||||||||||||
Avantis Emerging Markets Equity ETF | 35,487 | 1,993 | 21,049 | 4,249 | 20,680 | 314 | 5,717 | 558 | ||||||||||||||||||
Avantis International Equity ETF | 27,401 | 1,583 | 6,127 | 7,815 | 30,672 | 482 | 482 | 610 | ||||||||||||||||||
Avantis International Small Cap Value ETF | 8,434 | 187 | 1,749 | 3,330 | 10,202 | 156 | 407 | 219 | ||||||||||||||||||
Avantis U.S. Equity ETF | 56,954 | 947 | 13,601 | 18,387 | 62,687 | 838 | 4,748 | 779 | ||||||||||||||||||
Avantis U.S. Small Cap Value ETF | 12,181 | 5,443 | 5,178 | 7,084 | 19,530 | 266 | 1,135 | 218 | ||||||||||||||||||
$ | 361,478 | $ | 33,137 | $ | 92,345 | $ | 81,865 | $ | 384,135 | 6,114 | $ | 30,069 | $ | 5,439 |
Financial Highlights |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
Investor Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.25 | 0.07 | 1.43 | 1.50 | (0.07) | (0.28) | (0.35) | $7.40 | 24.69% | 0.73% | 1.11% | 1.01% | 0.63% | 48% | $332,602 | ||||||||||||||||||||||||||||||||
2020 | $6.57 | 0.07 | 0.46 | 0.53 | (0.08) | (0.77) | (0.85) | $6.25 | 8.42% | 0.84% | 1.11% | 1.13% | 0.86% | 99% | $297,963 | ||||||||||||||||||||||||||||||||
2019 | $7.02 | 0.09 | 0.13 | 0.22 | (0.10) | (0.57) | (0.67) | $6.57 | 4.36% | 1.06% | 1.11% | 1.42% | 1.37% | 68% | $314,567 | ||||||||||||||||||||||||||||||||
2018(3) | $7.51 | 0.06 | 0.16 | 0.22 | (0.06) | (0.65) | (0.71) | $7.02 | 3.22% | 1.09%(4) | 1.09%(4) | 1.25%(4) | 1.25%(4) | 55% | $444,259 | ||||||||||||||||||||||||||||||||
2017 | $6.67 | 0.08 | 0.93 | 1.01 | (0.09) | (0.08) | (0.17) | $7.51 | 15.42% | 1.08% | 1.08% | 1.20% | 1.20% | 81% | $523,241 | ||||||||||||||||||||||||||||||||
2016 | $6.97 | 0.08 | 0.14 | 0.22 | (0.07) | (0.45) | (0.52) | $6.67 | 3.49% | 1.07% | 1.07% | 1.22% | 1.22% | 82% | $574,968 | ||||||||||||||||||||||||||||||||
I Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.25 | 0.08 | 1.44 | 1.52 | (0.09) | (0.28) | (0.37) | $7.40 | 24.93% | 0.53% | 0.91% | 1.21% | 0.83% | 48% | $71,639 | ||||||||||||||||||||||||||||||||
2020 | $6.57 | 0.08 | 0.46 | 0.54 | (0.09) | (0.77) | (0.86) | $6.25 | 8.64% | 0.64% | 0.91% | 1.33% | 1.06% | 99% | $62,820 | ||||||||||||||||||||||||||||||||
2019 | $7.02 | 0.11 | 0.13 | 0.24 | (0.12) | (0.57) | (0.69) | $6.57 | 4.55% | 0.86% | 0.91% | 1.62% | 1.57% | 68% | $76,202 | ||||||||||||||||||||||||||||||||
2018(3) | $7.52 | 0.07 | 0.15 | 0.22 | (0.07) | (0.65) | (0.72) | $7.02 | 3.23% | 0.89%(4) | 0.89%(4) | 1.45%(4) | 1.45%(4) | 55% | $125,345 | ||||||||||||||||||||||||||||||||
2017 | $6.68 | 0.10 | 0.92 | 1.02 | (0.10) | (0.08) | (0.18) | $7.52 | 15.64% | 0.88% | 0.88% | 1.40% | 1.40% | 81% | $135,618 | ||||||||||||||||||||||||||||||||
2016 | $6.97 | 0.09 | 0.15 | 0.24 | (0.08) | (0.45) | (0.53) | $6.68 | 3.86% | 0.87% | 0.87% | 1.42% | 1.42% | 82% | $213,502 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
A Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.22 | 0.05 | 1.44 | 1.49 | (0.06) | (0.28) | (0.34) | $7.37 | 24.48% | 0.98% | 1.36% | 0.76% | 0.38% | 48% | $342,835 | ||||||||||||||||||||||||||||||||
2020 | $6.55 | 0.05 | 0.46 | 0.51 | (0.07) | (0.77) | (0.84) | $6.22 | 8.04% | 1.09% | 1.36% | 0.88% | 0.61% | 99% | $288,517 | ||||||||||||||||||||||||||||||||
2019 | $7.00 | 0.08 | 0.13 | 0.21 | (0.09) | (0.57) | (0.66) | $6.55 | 4.11% | 1.31% | 1.36% | 1.17% | 1.12% | 68% | $304,644 | ||||||||||||||||||||||||||||||||
2018(3) | $7.49 | 0.05 | 0.16 | 0.21 | (0.05) | (0.65) | (0.70) | $7.00 | 3.04% | 1.34%(4) | 1.34%(4) | 1.00%(4) | 1.00%(4) | 55% | $347,290 | ||||||||||||||||||||||||||||||||
2017 | $6.66 | 0.07 | 0.91 | 0.98 | (0.07) | (0.08) | (0.15) | $7.49 | 15.01% | 1.33% | 1.33% | 0.95% | 0.95% | 81% | $398,519 | ||||||||||||||||||||||||||||||||
2016 | $6.95 | 0.06 | 0.15 | 0.21 | (0.05) | (0.45) | (0.50) | $6.66 | 3.38% | 1.32% | 1.32% | 0.97% | 0.97% | 82% | $456,392 | ||||||||||||||||||||||||||||||||
C Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.10 | —(5) | 1.39 | 1.39 | (0.02) | (0.28) | (0.30) | $7.19 | 23.55% | 1.73% | 2.11% | 0.01% | (0.37)% | 48% | $28,683 | ||||||||||||||||||||||||||||||||
2020 | $6.45 | 0.01 | 0.45 | 0.46 | (0.04) | (0.77) | (0.81) | $6.10 | 7.18% | 1.84% | 2.11% | 0.13% | (0.14)% | 99% | $39,523 | ||||||||||||||||||||||||||||||||
2019 | $6.91 | 0.03 | 0.12 | 0.15 | (0.04) | (0.57) | (0.61) | $6.45 | 3.30% | 2.06% | 2.11% | 0.42% | 0.37% | 68% | $48,515 | ||||||||||||||||||||||||||||||||
2018(3) | $7.42 | 0.01 | 0.16 | 0.17 | (0.03) | (0.65) | (0.68) | $6.91 | 2.46% | 2.09%(4) | 2.09%(4) | 0.25%(4) | 0.25%(4) | 55% | $80,205 | ||||||||||||||||||||||||||||||||
2017 | $6.60 | 0.01 | 0.92 | 0.93 | (0.03) | (0.08) | (0.11) | $7.42 | 14.29% | 2.08% | 2.08% | 0.20% | 0.20% | 81% | $97,269 | ||||||||||||||||||||||||||||||||
2016 | $6.91 | 0.01 | 0.15 | 0.16 | (0.02) | (0.45) | (0.47) | $6.60 | 2.55% | 2.07% | 2.07% | 0.22% | 0.22% | 82% | $106,604 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.17 | 0.03 | 1.43 | 1.46 | (0.04) | (0.28) | (0.32) | $7.31 | 24.23% | 1.23% | 1.61% | 0.51% | 0.13% | 48% | $38,353 | ||||||||||||||||||||||||||||||||
2020 | $6.51 | 0.04 | 0.45 | 0.49 | (0.06) | (0.77) | (0.83) | $6.17 | 7.77% | 1.34% | 1.61% | 0.63% | 0.36% | 99% | $35,807 | ||||||||||||||||||||||||||||||||
2019 | $6.96 | 0.06 | 0.13 | 0.19 | (0.07) | (0.57) | (0.64) | $6.51 | 3.88% | 1.56% | 1.61% | 0.92% | 0.87% | 68% | $39,114 | ||||||||||||||||||||||||||||||||
2018(3) | $7.46 | 0.03 | 0.16 | 0.19 | (0.04) | (0.65) | (0.69) | $6.96 | 2.74% | 1.59%(4) | 1.59%(4) | 0.75%(4) | 0.75%(4) | 55% | $43,590 | ||||||||||||||||||||||||||||||||
2017 | $6.63 | 0.05 | 0.92 | 0.97 | (0.06) | (0.08) | (0.14) | $7.46 | 14.83% | 1.58% | 1.58% | 0.70% | 0.70% | 81% | $50,395 | ||||||||||||||||||||||||||||||||
2016 | $6.93 | 0.05 | 0.13 | 0.18 | (0.03) | (0.45) | (0.48) | $6.63 | 2.98% | 1.57% | 1.57% | 0.72% | 0.72% | 82% | $53,902 | ||||||||||||||||||||||||||||||||
R5 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.25 | 0.08 | 1.45 | 1.53 | (0.09) | (0.28) | (0.37) | $7.41 | 25.10% | 0.53% | 0.91% | 1.21% | 0.83% | 48% | $7,768 | ||||||||||||||||||||||||||||||||
2020 | $6.58 | 0.08 | 0.45 | 0.53 | (0.09) | (0.77) | (0.86) | $6.25 | 8.46% | 0.64% | 0.91% | 1.33% | 1.06% | 99% | $6,960 | ||||||||||||||||||||||||||||||||
2019 | $7.03 | 0.11 | 0.13 | 0.24 | (0.12) | (0.57) | (0.69) | $6.58 | 4.56% | 0.86% | 0.91% | 1.62% | 1.57% | 68% | $7,200 | ||||||||||||||||||||||||||||||||
2018(3) | $7.52 | 0.08 | 0.15 | 0.23 | (0.07) | (0.65) | (0.72) | $7.03 | 3.38% | 0.89%(4) | 0.89%(4) | 1.45%(4) | 1.45%(4) | 55% | $6,885 | ||||||||||||||||||||||||||||||||
2017(6) | $6.93 | 0.07 | 0.58 | 0.65 | (0.06) | — | (0.06) | $7.52 | 9.43% | 0.88%(4) | 0.88%(4) | 1.46%(4) | 1.46%(4) | 81%(7) | $5 |
For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |||||||||||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Distributions From: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses | Operating Expenses (before expense waiver) | Net Investment Income (Loss) | Net Investment Income (Loss) (before expense waiver) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||||||||
R6 Class | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | $6.24 | 0.09 | 1.44 | 1.53 | (0.10) | (0.28) | (0.38) | $7.39 | 25.17% | 0.38% | 0.76% | 1.36% | 0.98% | 48% | $134,426 | ||||||||||||||||||||||||||||||||
2020 | $6.56 | 0.09 | 0.46 | 0.55 | (0.10) | (0.77) | (0.87) | $6.24 | 8.82% | 0.49% | 0.76% | 1.48% | 1.21% | 99% | $121,246 | ||||||||||||||||||||||||||||||||
2019 | $7.01 | 0.12 | 0.13 | 0.25 | (0.13) | (0.57) | (0.70) | $6.56 | 4.72% | 0.71% | 0.76% | 1.77% | 1.72% | 68% | $95,697 | ||||||||||||||||||||||||||||||||
2018(3) | $7.51 | 0.08 | 0.15 | 0.23 | (0.08) | (0.65) | (0.73) | $7.01 | 3.35% | 0.74%(4) | 0.74%(4) | 1.60%(4) | 1.60%(4) | 55% | $111,937 | ||||||||||||||||||||||||||||||||
2017 | $6.67 | 0.11 | 0.93 | 1.04 | (0.12) | (0.08) | (0.20) | $7.51 | 15.83% | 0.73% | 0.73% | 1.55% | 1.55% | 81% | $85,623 | ||||||||||||||||||||||||||||||||
2016 | $6.97 | 0.10 | 0.14 | 0.24 | (0.09) | (0.45) | (0.54) | $6.67 | 3.86% | 0.72% | 0.72% | 1.57% | 1.57% | 82% | $71,340 |
Notes to Financial Highlights |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Thomas W. Bunn (1953) | Director | Since 2017 | Retired | 72 | SquareTwo Financial; Barings (formerly Babson Capital Funds Trust) (2013 to 2016) | ||||||||||||
Chris H. Cheesman (1962) | Director | Since 2019 | Retired. Senior Vice President & Chief Audit Executive, AllianceBernstein (1999 to 2018) | 72 | None | ||||||||||||
Barry Fink (1955) | Director | Since 2012 (independent since 2016) | Retired | 72 | None | ||||||||||||
Rajesh K. Gupta (1960) | Director | Since 2019 | Partner Emeritus, SeaCrest Investment Management and SeaCrest Wealth Management (2019 to Present); Chief Executive Officer and Chief Investment Officer, SeaCrest Investment Management (2006 to 2019); Chief Executive Officer and Chief Investment Officer, SeaCrest Wealth Management (2008 to 2019) | 72 | None |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years | ||||||||||||
Independent Directors | |||||||||||||||||
Lynn Jenkins (1963) | Director | Since 2019 | Consultant, LJ Strategies (2019 to present); United States Representative, U.S. House of Representatives (2009 to 2018) | 72 | MGP Ingredients, Inc. (2019 to 2021) | ||||||||||||
Jan M. Lewis (1957) | Director | Since 2011 | Retired | 72 | None | ||||||||||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 72 | Onto Innovation Inc. (2019 to 2020); Rudolph Technologies, Inc. (2006 to 2019) | ||||||||||||
Stephen E. Yates (1948) | Director and Chairman of the Board | Since 2012 (Chairman since 2018) | Retired | 103 | None | ||||||||||||
Interested Director | |||||||||||||||||
Jonathan S. Thomas (1963) | Director | Since 2007 | President and Chief Executive Officer, ACC (2007 to present). Also serves as Chief Executive Officer, ACS; Director, ACC and other ACC subsidiaries | 141 | None |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years | ||||||
Patrick Bannigan (1965) | President since 2019 | Executive Vice President and Director, ACC (2012 to present); Chief Financial Officer, Chief Accounting Officer and Treasurer, ACC (2015 to present). Also serves as President, ACS; Vice President, ACIM; Chief Financial Officer, Chief Accounting Officer and/or Director, ACIM, ACS and other ACC subsidiaries | ||||||
R. Wes Campbell (1974) | Chief Financial Officer and Treasurer since 2018 | Vice President, ACS, (2020 to present); Investment Operations and Investment Accounting, ACS (2000 to present) | ||||||
Amy D. Shelton (1964) | Chief Compliance Officer and Vice President since 2014 | Chief Compliance Officer, American Century funds, (2014 to present); Chief Compliance Officer, ACIM (2014 to present); Chief Compliance Officer, ACIS (2009 to present). Also serves as Vice President, ACIS | ||||||
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (1994 to present); Vice President, ACC (2005 to present); General Counsel, ACC (2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS | ||||||
C. Jean Wade (1964) | Vice President since 2012 | Senior Vice President, ACS (2017 to present); Vice President, ACS (2000 to 2017) | ||||||
Robert J. Leach (1966) | Vice President since 2006 | Vice President, ACS (2000 to present) | ||||||
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (1994 to present). Also serves as Vice President, ACIM and ACS | ||||||
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (2003 to present) |
Approval of Management Agreement |
Liquidity Risk Management Program |
Additional Information |
Notes |
Notes |
Notes | ||||||||||||||
Contact Us | americancentury.com | |||||||
Automated Information Line | 1-800-345-8765 | |||||||
Investor Services Representative | 1-800-345-2021 or 816-531-5575 | |||||||
Investors Using Advisors | 1-800-378-9878 | |||||||
Business, Not-For-Profit, Employer-Sponsored Retirement Plans | 1-800-345-3533 | |||||||
Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 | |||||||
Telecommunications Relay Service for the Deaf | 711 | |||||||
American Century Strategic Asset Allocations, Inc. | ||||||||
Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | ||||||||
This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | ||||||||
©2021 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-91038 2109 |
Registrant: | American Century Strategic Asset Allocations, Inc. | |||||||||||||
By: | /s/ Patrick Bannigan | |||||||||||||
Name: | Patrick Bannigan | |||||||||||||
Title: | President | |||||||||||||
Date: | September 23, 2021 |
By: | /s/ Patrick Bannigan | ||||||||||
Name: Patrick Bannigan | |||||||||||
Title: President | |||||||||||
(principal executive officer) | |||||||||||
Date: | September 23, 2021 |
By: | /s/ R. Wes Campbell | ||||||||||
Name: R. Wes Campbell | |||||||||||
Title: Treasurer and | |||||||||||
Chief Financial Officer | |||||||||||
(principal financial officer) | |||||||||||
Date: | September 23, 2021 |