1
Portfolio
of
Investments
July
31,
2025
Dividend
Value
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
99.8%
3183354130
COMMON
STOCKS
-
99
.8
%
3183354130
BANKS
-
6.1%
848,185
Bank
of
America
Corp
$
40,093,705
1,028,003
Citigroup
Inc
96,323,881
723,497
Wells
Fargo
&
Co
58,335,563
TOTAL
BANKS
194,753,149
CAPITAL
GOODS
-
14.8%
217,533
Dover
Corp
39,403,928
156,569
Eaton
Corp
PLC
60,235,226
363,344
Emerson
Electric
Co
52,870,185
172,659
ITT
Inc
29,345,124
521,171
Johnson
Controls
International
plc
54,722,955
541,753
nVent
Electric
PLC
42,484,270
72,944
Parker-Hannifin
Corp
53,387,714
263,487
Regal
Rexnord
Corp
40,281,892
27,324
United
Rentals
Inc
24,125,452
188,779
Vertiv
Holdings
Co,
Class
A
27,486,222
240,393
Westinghouse
Air
Brake
Technologies
Corp
46,167,476
TOTAL
CAPITAL
GOODS
470,510,444
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.3%
187,353
Waste
Management
Inc
42,933,813
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
42,933,813
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2.7%
360,972
(a)
Amazon.com
Inc
84,507,155
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
84,507,155
CONSUMER
DURABLES
&
APPAREL
-
1.5%
411,878
Toll
Brothers
Inc
48,749,880
TOTAL
CONSUMER
DURABLES
&
APPAREL
48,749,880
CONSUMER
SERVICES
-
2.9%
212,941
Expedia
Group
Inc
38,376,227
286,991
Travel
+
Leisure
Co
17,004,217
344,868
Wynn
Resorts
Ltd
37,600,958
TOTAL
CONSUMER
SERVICES
92,981,402
ENERGY
-
4.5%
430,157
ConocoPhillips
41,011,168
121,120
EOG
Resources
Inc
14,536,823
2,625,245
Permian
Resources
Corp
37,173,469
713,146
Shell
PLC,
ADR,
ADR
51,496,273
TOTAL
ENERGY
144,217,733
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
8.8%
400,042
Crown
Castle
Inc
42,040,414
177,698
EastGroup
Properties
Inc
29,007,421
176,696
Extra
Space
Storage
Inc
23,740,875
495,535
Prologis
Inc
52,913,227
259,225
Simon
Property
Group
Inc
42,458,463
580,204
Ventas
Inc
38,978,105
1,599,442
VICI
Properties
Inc
52,141,809
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
281,280,314
FINANCIAL
SERVICES
-
9.0%
284,065
Capital
One
Financial
Corp
61,073,975
580,845
Fidelity
National
Information
Services
Inc
46,124,902
364,076
KKR
&
Co
Inc
53,366,260
74,069
Mastercard
Inc,
Class
A
41,957,867
458,027
OneMain
Holdings
Inc
26,469,380
824,796
Synchrony
Financial
57,463,537
TOTAL
FINANCIAL
SERVICES
286,455,921
Portfolio
of
Investments
July
31,
2025
(continued)
Dividend
Value
2
SHARES
DESCRIPTION
VALUE
FOOD,
BEVERAGE
&
TOBACCO
-
3.9%
1,241,234
Keurig
Dr
Pepper
Inc
$
40,526,290
506,349
Philip
Morris
International
Inc
83,066,553
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
123,592,843
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
8.7%
476,126
Abbott
Laboratories
60,082,340
171,947
(a)
Boston
Scientific
Corp
18,040,679
201,497
Cigna
Group/The
53,876,268
681,178
CVS
Health
Corp
42,301,154
73,400
Elevance
Health
Inc
20,778,072
182,244
(a)
Tenet
Healthcare
Corp
29,392,312
168,125
UnitedHealth
Group
Inc
41,957,275
103,122
Zimmer
Biomet
Holdings
Inc
9,451,131
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
275,879,231
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0.5%
701,313
Kenvue
Inc
15,036,151
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
15,036,151
INSURANCE
-
5.0%
150,374
Allstate
Corp/The
30,563,516
105,616
Aon
PLC,
Class
A
37,568,667
866,375
Fidelity
National
Financial
Inc
48,889,541
133,410
Willis
Towers
Watson
PLC
42,132,212
TOTAL
INSURANCE
159,153,936
MATERIALS
-
1.8%
578,205
DuPont
de
Nemours
Inc
41,572,940
325,422
Smurfit
WestRock
PLC
14,442,228
TOTAL
MATERIALS
56,015,168
MEDIA
&
ENTERTAINMENT
-
5.2%
559,014
Alphabet
Inc,
Class
C
107,811,440
76,263
Meta
Platforms
Inc
58,984,855
TOTAL
MEDIA
&
ENTERTAINMENT
166,796,295
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
2.6%
301,824
Danaher
Corp
59,507,620
1,691,182
(a)
Elanco
Animal
Health
Inc
23,135,370
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
82,642,990
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4.6%
109,458
Applied
Materials
Inc
19,709,007
187,267
Broadcom
Inc
55,000,318
407,540
Lam
Research
Corp
38,651,094
142,599
Taiwan
Semiconductor
Manufacturing
Co
Ltd,
Sponsored
ADR,
ADR
34,454,770
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
147,815,189
SOFTWARE
&
SERVICES
-
4.9%
1,710,228
Gen
Digital
Inc
50,434,624
137,412
Microsoft
Corp
73,309,302
61,639
Roper
Technologies
Inc
33,926,105
TOTAL
SOFTWARE
&
SERVICES
157,670,031
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
1.5%
338,666
TD
SYNNEX
Corp
48,899,984
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
48,899,984
TELECOMMUNICATION
SERVICES
-
2.2%
2,599,187
AT&T
Inc
71,243,716
TOTAL
TELECOMMUNICATION
SERVICES
71,243,716
UTILITIES
-
7.3%
745,302
Alliant
Energy
Corp
48,452,083
262,395
CMS
Energy
Corp
19,364,751
305,910
Duke
Energy
Corp
37,210,893
561,316
FirstEnergy
Corp
23,973,806
906,071
NextEra
Energy
Inc
64,385,405
3
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
SHARES
DESCRIPTION
VALUE
UTILITIES
(continued)
411,006
Southern
Co/The
$
38,831,847
TOTAL
UTILITIES
232,218,785
TOTAL
COMMON
STOCKS
(Cost
$2,612,612,342)
3,183,354,130
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$2,612,612,342)
3,183,354,130
OTHER
ASSETS
&
LIABILITIES,
NET
-  0.2%
6,180,934
NET
ASSETS
-
100%
$
3,189,535,064
ADR
American
Depositary
Receipt
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
Dividend
Value
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
3,183,354,130
$
–
$
–
$
3,183,354,130
Total
$
3,183,354,130
$
–
$
–
$
3,183,354,130
4
Portfolio
of
Investments
July
31,
2025
Large
Cap
Select
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
100.2%
46529555
COMMON
STOCKS
-
100
.2
%
46529555
BANKS
-
1.4%
6,899
Citigroup
Inc
$
646,436
TOTAL
BANKS
646,436
CAPITAL
GOODS
-
12.6%
2,459
Dover
Corp
445,423
1,762
Eaton
Corp
PLC
677,877
3,197
Emerson
Electric
Co
465,195
7,264
Johnson
Controls
International
plc
762,720
5,389
nVent
Electric
PLC
422,605
819
Parker-Hannifin
Corp
599,426
3,795
Regal
Rexnord
Corp
580,180
753
Trane
Technologies
PLC
329,874
369
United
Rentals
Inc
325,805
4,743
Vertiv
Holdings
Co,
Class
A
690,581
2,952
Westinghouse
Air
Brake
Technologies
Corp
566,932
TOTAL
CAPITAL
GOODS
5,866,618
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.5%
3,046
Waste
Management
Inc
698,021
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
698,021
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
5.2%
10,318
(a)
Amazon.com
Inc
2,415,547
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
2,415,547
CONSUMER
DURABLES
&
APPAREL
-
1.5%
6,007
Toll
Brothers
Inc
710,989
TOTAL
CONSUMER
DURABLES
&
APPAREL
710,989
CONSUMER
SERVICES
-
2.8%
2,491
Expedia
Group
Inc
448,928
5,552
Las
Vegas
Sands
Corp
290,925
4,979
Wynn
Resorts
Ltd
542,860
TOTAL
CONSUMER
SERVICES
1,282,713
ENERGY
-
1.9%
31,424
Permian
Resources
Corp
444,964
5,729
Shell
PLC,
ADR,
ADR
413,691
TOTAL
ENERGY
858,655
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
1.3%
5,727
Prologis
Inc
611,529
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
611,529
FINANCIAL
SERVICES
-
9.4%
3,637
Capital
One
Financial
Corp
781,955
6,511
Fidelity
National
Information
Services
Inc
517,038
2,684
(a)
Fiserv
Inc
372,915
1,754
Intercontinental
Exchange
Inc
324,192
5,010
KKR
&
Co
Inc
734,366
1,753
Mastercard
Inc,
Class
A
993,022
9,367
Synchrony
Financial
652,599
TOTAL
FINANCIAL
SERVICES
4,376,087
FOOD,
BEVERAGE
&
TOBACCO
-
2.8%
16,008
Keurig
Dr
Pepper
Inc
522,661
4,814
Philip
Morris
International
Inc
789,737
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,312,398
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
7.9%
4,922
Abbott
Laboratories
621,107
4,693
(a)
Boston
Scientific
Corp
492,390
2,704
Cigna
Group/The
722,996
8,888
CVS
Health
Corp
551,945
861
Elevance
Health
Inc
243,732
3,476
(a)
Tenet
Healthcare
Corp
560,609
1,559
UnitedHealth
Group
Inc
389,064
5
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
SHARES
DESCRIPTION
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
(continued)
1,059
Zimmer
Biomet
Holdings
Inc
$
97,057
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
3,678,900
INSURANCE
-
3.3%
1,434
Aon
PLC,
Class
A
510,088
9,385
Fidelity
National
Financial
Inc
529,596
2,372
Marsh
&
McLennan
Cos
Inc
472,502
TOTAL
INSURANCE
1,512,186
MATERIALS
-
1.0%
6,357
DuPont
de
Nemours
Inc
457,068
TOTAL
MATERIALS
457,068
MEDIA
&
ENTERTAINMENT
-
8.6%
10,907
Alphabet
Inc,
Class
C
2,103,524
1,887
Meta
Platforms
Inc
1,459,481
358
(a)
Netflix
Inc
415,065
TOTAL
MEDIA
&
ENTERTAINMENT
3,978,070
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
3.4%
3,596
Danaher
Corp
708,987
33,442
(a)
Elanco
Animal
Health
Inc
457,487
1,556
(a)
United
Therapeutics
Corp
427,433
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
1,593,907
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
15.4%
7,292
Broadcom
Inc
2,141,660
5,958
Lam
Research
Corp
565,057
22,114
NVIDIA
Corp
3,933,417
2,067
Taiwan
Semiconductor
Manufacturing
Co
Ltd,
Sponsored
ADR,
ADR
499,429
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
7,139,563
SOFTWARE
&
SERVICES
-
12.6%
17,079
Gen
Digital
Inc
503,660
8,380
Microsoft
Corp
4,470,730
857
Roper
Technologies
Inc
471,693
426
(a)
ServiceNow
Inc
401,769
TOTAL
SOFTWARE
&
SERVICES
5,847,852
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4.6%
7,349
Apple
Inc
1,525,432
4,162
TD
SYNNEX
Corp
600,951
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
2,126,383
TELECOMMUNICATION
SERVICES
-
1.1%
19,181
AT&T
Inc
525,751
TOTAL
TELECOMMUNICATION
SERVICES
525,751
UTILITIES
-
1.9%
6,671
Alliant
Energy
Corp
433,682
6,434
NextEra
Energy
Inc
457,200
TOTAL
UTILITIES
890,882
TOTAL
COMMON
STOCKS
(Cost
$31,003,598)
46,529,555
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$31,003,598)
46,529,555
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.2)%
(
79,671
)
NET
ASSETS
-
100%
$
46,449,884
ADR
American
Depositary
Receipt
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
Portfolio
of
Investments
July
31,
2025
(continued)
Large
Cap
Select
6
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Large
Cap
Select
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
46,529,555
$
–
$
–
$
46,529,555
Total
$
46,529,555
$
–
$
–
$
46,529,555
7
Portfolio
of
Investments
July
31,
2025
Mid
Cap
Value
Opportunities
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
99.9%
375740932
COMMON
STOCKS
-
99
.9
%
375740932
BANKS
-
4.9%
63,492
East
West
Bancorp
Inc
$
6,365,073
195,663
Fifth
Third
Bancorp
8,133,711
21,378
M&T
Bank
Corp
4,034,028
TOTAL
BANKS
18,532,812
CAPITAL
GOODS
-
19.0%
16,670
Carlisle
Cos
Inc
5,913,016
106,580
Carrier
Global
Corp
7,313,520
44,820
Crane
Co
8,774,411
31,079
Dover
Corp
5,629,650
17,232
Hubbell
Inc
7,538,655
25,467
ITT
Inc
4,328,371
37,021
L3Harris
Technologies
Inc
10,174,111
101,782
nVent
Electric
PLC
7,981,745
44,640
Owens
Corning
6,224,155
36,171
WESCO
International
Inc
7,485,950
TOTAL
CAPITAL
GOODS
71,363,584
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
1.2%
23,909
(a)
AutoNation
Inc
4,605,830
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
4,605,830
CONSUMER
DURABLES
&
APPAREL
-
5.3%
61,681
Brunswick
Corp/DE
3,595,385
39,590
DR
Horton
Inc
5,655,036
23,021
Ralph
Lauren
Corp
6,877,524
44,580
(b)
Whirlpool
Corp
3,701,923
TOTAL
CONSUMER
DURABLES
&
APPAREL
19,829,868
CONSUMER
SERVICES
-
3.0%
21,249
Darden
Restaurants
Inc
4,285,286
119,281
Travel
+
Leisure
Co
7,067,399
TOTAL
CONSUMER
SERVICES
11,352,685
ENERGY
-
5.7%
96,821
Baker
Hughes
Co
4,361,786
36,973
Diamondback
Energy
Inc
5,496,406
345,598
Permian
Resources
Corp
4,893,668
112,005
Williams
Cos
Inc/The
6,714,700
TOTAL
ENERGY
21,466,560
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
9.1%
28,628
AvalonBay
Communities
Inc
5,332,824
47,199
Digital
Realty
Trust
Inc
8,327,791
64,399
Regency
Centers
Corp
4,598,089
143,758
STAG
Industrial
Inc
4,935,212
95,489
Ventas
Inc
6,414,951
188,122
Weyerhaeuser
Co
4,712,456
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
34,321,323
FINANCIAL
SERVICES
-
6.1%
114,316
Jefferies
Financial
Group
Inc
6,591,461
133,488
OneMain
Holdings
Inc
7,714,271
52,032
Raymond
James
Financial
Inc
8,696,108
TOTAL
FINANCIAL
SERVICES
23,001,840
FOOD,
BEVERAGE
&
TOBACCO
-
2.2%
185,612
Primo
Brands
Corp
5,124,747
102,881
The
Campbell's
Company
3,283,962
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
8,408,709
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
1.8%
12,911
Humana
Inc
3,226,072
123,713
(a)
Option
Care
Health
Inc
3,630,976
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
6,857,048
Portfolio
of
Investments
July
31,
2025
(continued)
Mid
Cap
Value
Opportunities
8
SHARES
DESCRIPTION
VALUE
INSURANCE
-
5.0%
29,151
Allstate
Corp/The
$
5,924,941
88,378
Arch
Capital
Group
Ltd
7,605,811
71,377
Unum
Group
5,125,582
TOTAL
INSURANCE
18,656,334
MATERIALS
-
6.1%
91,376
DuPont
de
Nemours
Inc
6,569,935
31,021
Nucor
Corp
4,438,175
22,802
Reliance
Inc
6,615,544
65,748
Westlake
Corp
5,213,816
TOTAL
MATERIALS
22,837,470
MEDIA
&
ENTERTAINMENT
-
1.8%
30,705
(a)
Take-Two
Interactive
Software
Inc
6,838,925
TOTAL
MEDIA
&
ENTERTAINMENT
6,838,925
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
6.9%
66,941
(a)
BioMarin
Pharmaceutical
Inc
3,872,537
492,180
(a)
Elanco
Animal
Health
Inc
6,733,022
153,700
(a)
Exelixis
Inc
5,567,014
43,526
(a)
Jazz
Pharmaceuticals
PLC
4,989,385
17,805
(a)
United
Therapeutics
Corp
4,891,034
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
26,052,992
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
2.1%
50,593
Marvell
Technology
Inc
4,066,160
55,643
Microchip
Technology
Inc
3,760,910
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
7,827,070
SOFTWARE
&
SERVICES
-
4.0%
29,345
(a)
Check
Point
Software
Technologies
Ltd
5,464,039
186,624
Gen
Digital
Inc
5,503,542
14,615
VeriSign
Inc
3,929,535
TOTAL
SOFTWARE
&
SERVICES
14,897,116
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
7.1%
77,056
(a)
Ciena
Corp
7,153,879
82,945
Crane
NXT
Co
4,921,956
275,673
Hewlett
Packard
Enterprise
Co
5,703,675
60,526
TD
SYNNEX
Corp
8,739,349
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
26,518,859
UTILITIES
-
8.6%
127,374
Alliant
Energy
Corp
8,280,584
71,948
American
Electric
Power
Co
Inc
8,140,197
70,209
CMS
Energy
Corp
5,181,424
61,280
Eversource
Energy
4,050,608
157,319
FirstEnergy
Corp
6,719,094
TOTAL
UTILITIES
32,371,907
TOTAL
COMMON
STOCKS
(Cost
$271,688,420)
375,740,932
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$271,688,420)
375,740,932
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.4%
1,574,505
(c)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.320
%
(d)
1,574,505
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$1,574,505)
1,574,505
TOTAL
INVESTMENTS
-
100
.3
%
(Cost
$
273,262,925
)
377,315,437
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.3)%
(
1,147,239
)
NET
ASSETS
-
100%
$
376,168,198
9
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$1,528,766.
(c)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(d)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Mid
Cap
Value
Opportunities
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
375,740,932
$
–
$
–
$
375,740,932
Investments
Purchased
with
Collateral
from
Securities
Lending
1,574,505
–
–
1,574,505
Total
$
377,315,437
$
–
$
–
$
377,315,437
10
Portfolio
of
Investments
July
31,
2025
Small
Cap
Growth
Opportunities
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
98.4%
232146908
COMMON
STOCKS
-
98
.4
%
232146908
AUTOMOBILES
&
COMPONENTS
-
2.4%
17,190
(a)
Modine
Manufacturing
Co
$
2,313,087
34,847
Patrick
Industries
Inc
3,388,522
TOTAL
AUTOMOBILES
&
COMPONENTS
5,701,609
BANKS
-
2.7%
48,076
Ameris
Bancorp
3,285,995
33,158
Preferred
Bank/Los
Angeles
CA
3,011,409
TOTAL
BANKS
6,297,404
CAPITAL
GOODS
-
16.6%
30,788
AAON
Inc
2,570,798
15,728
(a)
AeroVironment
Inc
4,209,442
13,899
Applied
Industrial
Technologies
Inc
3,773,579
22,801
(a)
Chart
Industries
Inc
4,533,523
17,449
ESCO
Technologies
Inc
3,379,871
36,584
Federal
Signal
Corp
4,630,437
74,551
(a)
Kratos
Defense
&
Security
Solutions
Inc
4,376,144
27,414
(a)
SPX
Technologies
Inc
5,000,039
40,852
(a)
Trex
Co
Inc
2,624,332
89,445
Zurn
Elkay
Water
Solutions
Corp
3,957,941
TOTAL
CAPITAL
GOODS
39,056,106
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
5.9%
148,613
(a)
ACV
Auctions
Inc,
Class
A
2,111,791
30,948
(a)
Casella
Waste
Systems
Inc,
Class
A
3,364,976
42,313
(a)
CBIZ
Inc
2,586,171
79,917
(a)
ExlService
Holdings
Inc
3,470,795
18,318
(a)
Huron
Consulting
Group
Inc
2,419,441
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
13,953,174
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3.1%
20,998
(a)
Boot
Barn
Holdings
Inc
3,609,556
27,776
(a)
Ollie's
Bargain
Outlet
Holdings
Inc
3,795,035
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
7,404,591
CONSUMER
DURABLES
&
APPAREL
-
1.6%
75,780
Steven
Madden
Ltd
1,819,099
65,938
(a)
Tri
Pointe
Homes
Inc
2,030,890
TOTAL
CONSUMER
DURABLES
&
APPAREL
3,849,989
CONSUMER
SERVICES
-
4.8%
23,860
(a)
Planet
Fitness
Inc
2,605,273
79,091
Red
Rock
Resorts
Inc,
Class
A
4,852,233
10,375
Wingstop
Inc
3,914,903
TOTAL
CONSUMER
SERVICES
11,372,409
ENERGY
-
2.4%
55,903
Matador
Resources
Co
2,788,442
100,072
Northern
Oil
&
Gas
Inc
2,818,027
TOTAL
ENERGY
5,606,469
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
1.9%
73,441
CareTrust
REIT
Inc
2,335,424
12,980
EastGroup
Properties
Inc
2,118,855
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
4,454,279
FINANCIAL
SERVICES
-
5.0%
35,434
FirstCash
Holdings
Inc
4,722,998
49,552
Moelis
&
Co,
Class
A
3,475,577
11,276
Piper
Sandler
Cos
3,555,548
TOTAL
FINANCIAL
SERVICES
11,754,123
FOOD,
BEVERAGE
&
TOBACCO
-
1.2%
77,285
(a)
Vital
Farms
Inc
2,875,002
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
2,875,002
11
SHARES
DESCRIPTION
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
13.0%
34,259
(a)
Addus
HomeCare
Corp
$
3,658,176
221,131
(a)
Alphatec
Holdings
Inc
2,339,566
26,936
Ensign
Group
Inc/The
4,040,400
35,113
(a),(b)
Establishment
Labs
Holdings
Inc
1,473,166
45,157
(a)
HealthEquity
Inc
4,380,229
32,276
(a)
Lantheus
Holdings
Inc
2,297,728
122,898
(a)
Privia
Health
Group
Inc
2,398,969
35,059
(a)
PROCEPT
BioRobotics
Corp
1,700,712
56,020
(a)
RadNet
Inc
3,065,975
156,529
(a)
SI-BONE
Inc
2,665,689
70,453
(a)
Waystar
Holding
Corp
2,605,352
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
30,625,962
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0.8%
32,797
(a)
BellRing
Brands
Inc
1,790,060
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
1,790,060
INSURANCE
-
1.8%
15,879
(a)
Palomar
Holdings
Inc
2,103,809
44,309
(a)
Skyward
Specialty
Insurance
Group
Inc
2,241,149
TOTAL
INSURANCE
4,344,958
MATERIALS
-
2.7%
55,474
Commercial
Metals
Co
2,876,882
43,194
(a)
Knife
River
Corp
3,562,641
TOTAL
MATERIALS
6,439,523
MEDIA
&
ENTERTAINMENT
-
1.5%
156,381
(a)
Magnite
Inc
3,598,327
591,081
(a),(c)
Videopropulsion
Inc
5,911
TOTAL
MEDIA
&
ENTERTAINMENT
3,604,238
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7.7%
96,689
(a)
ADMA
Biologics
Inc
1,808,084
53,786
(a)
Alkermes
PLC
1,424,791
38,647
(a)
ANI
Pharmaceuticals
Inc
2,448,287
26,939
(a)
Axsome
Therapeutics
Inc
2,731,076
37,423
(a)
Bridgebio
Pharma
Inc
1,768,985
43,140
(a)
Crinetics
Pharmaceuticals
Inc
1,233,373
9,701
(a)
Krystal
Biotech
Inc
1,492,693
20,434
(a)
Mirum
Pharmaceuticals
Inc
1,056,029
19,727
(a)
MoonLake
Immunotherapeutics
995,030
32,191
(a)
Scholar
Rock
Holding
Corp
1,192,677
17,664
(a)
Soleno
Therapeutics
Inc
1,527,406
19,153
(a)
Ultragenyx
Pharmaceutical
Inc
523,260
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
18,201,691
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
7.8%
51,000
(a)
Ambiq
Micro
Inc
2,236,350
57,156
(a)
Credo
Technology
Group
Holding
Ltd
6,375,752
22,661
(a)
Impinj
Inc
3,502,937
137,761
(a)
Rigetti
Computing
Inc
1,997,535
81,431
(a)
Semtech
Corp
4,161,124
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
18,273,698
SOFTWARE
&
SERVICES
-
10.9%
28,929
(a)
Agilysys
Inc
3,300,220
105,010
(a)
Cellebrite
DI
Ltd
1,468,040
14,760
(a)
Commvault
Systems
Inc
2,803,662
128,414
(a)
Grid
Dynamics
Holdings
Inc
1,218,649
52,553
(a)
JFrog
Ltd
2,281,326
100,147
(a)
nCino
OpCo
Inc
2,796,605
35,438
(a)
Q2
Holdings
Inc
2,877,566
117,169
(a)
SentinelOne
Inc,
Class
A
2,148,879
72,317
(a)
Varonis
Systems
Inc
4,037,458
44,014
(a)
Workiva
Inc
2,809,414
TOTAL
SOFTWARE
&
SERVICES
25,741,819
Portfolio
of
Investments
July
31,
2025
(continued)
Small
Cap
Growth
Opportunities
12
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
SHARES
DESCRIPTION
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4.6%
17,668
Badger
Meter
Inc
$
3,335,012
40,215
(a),(b)
IonQ
Inc
1,603,372
25,030
(a)
Itron
Inc
3,117,236
24,929
(a)
Lumentum
Holdings
Inc
2,744,184
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
10,799,804
TOTAL
COMMON
STOCKS
(Cost
$181,237,335)
232,146,908
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$181,237,335)
232,146,908
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.3%
3,126,443
(d)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.320
%
(e)
3,126,443
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$3,126,443)
3,126,443
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 1.8%
4139236
REPURCHASE
AGREEMENTS
-
1
.8
%
4139236
$
139,236
(f)
Fixed
Income
Clearing
Corporation
1
.360
08/01/25
139,236
4,000,000
(g)
Fixed
Income
Clearing
Corporation
4
.330
08/01/25
4,000,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$4,139,236)
4,139,236
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$4,139,236)
4,139,236
TOTAL
INVESTMENTS
-
101
.5
%
(Cost
$
188,503,014
)
239,412,587
OTHER
ASSETS
&
LIABILITIES,
NET
-  (1.5)%
(
3,446,597
)
NET
ASSETS
-
100%
$
235,965,990
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$3,045,702.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(d)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(e)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
(f)
Agreement
with
Fixed
Income
Clearing
Corporation,
1.360%
dated
7/31/25
to
be
repurchased
at
$139,241
on
8/1/25,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.750%
and
maturity
date
5/15/55,
valued
at
$142,119.
(g)
Agreement
with
Fixed
Income
Clearing
Corporation,
4.330%
dated
7/31/25
to
be
repurchased
at
$4,000,481
on
8/1/25,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
1.875%
and
maturity
date
2/15/41,
valued
at
$4,080,102.
13
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Small
Cap
Growth
Opportunities
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
232,140,997
$
–
$
5,911
$
232,146,908
Investments
Purchased
with
Collateral
from
Securities
Lending
3,126,443
–
–
3,126,443
Short-Term
Investments:
Repurchase
Agreements
–
4,139,236
–
4,139,236
Total
$
235,267,440
$
4,139,236
$
5,911
$
239,412,587
14
Portfolio
of
Investments
July
31,
2025
Small
Cap
Select
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
98.8%
159747033
COMMON
STOCKS
-
98
.8
%
159747033
AUTOMOBILES
&
COMPONENTS
-
1.6%
27,232
Patrick
Industries
Inc
$
2,648,040
TOTAL
AUTOMOBILES
&
COMPONENTS
2,648,040
BANKS
-
11.1%
28,646
Ameris
Bancorp
1,957,954
44,101
Banner
Corp
2,737,570
45,932
First
Merchants
Corp
1,750,928
78,025
Home
BancShares
Inc/AR
2,197,184
91,837
Old
National
Bancorp/IN
1,938,679
23,692
Preferred
Bank/Los
Angeles
CA
2,151,707
19,421
UMB
Financial
Corp
2,136,116
48,681
Veritex
Holdings
Inc
1,544,161
11,462
Wintrust
Financial
Corp
1,466,907
TOTAL
BANKS
17,881,206
CAPITAL
GOODS
-
16.0%
9,307
(a)
AeroVironment
Inc
2,490,925
10,069
Applied
Industrial
Technologies
Inc
2,733,734
23,836
Arcosa
Inc
2,047,036
64,725
Atmus
Filtration
Technologies
Inc
2,518,450
13,064
Enpro
Inc
2,774,924
13,371
ESCO
Technologies
Inc
2,589,963
48,727
(a)
Kratos
Defense
&
Security
Solutions
Inc
2,860,275
17,349
(a)
SPX
Technologies
Inc
3,164,284
27,905
(a)
Trex
Co
Inc
1,792,617
11,017
Watts
Water
Technologies
Inc,
Class
A
2,889,979
TOTAL
CAPITAL
GOODS
25,862,187
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
4.4%
18,842
(a)
Casella
Waste
Systems
Inc,
Class
A
2,048,691
24,596
Maximus
Inc
1,816,661
43,688
(a)
WNS
Holdings
Ltd
3,267,425
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
7,132,777
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3.1%
17,573
(a)
Boot
Barn
Holdings
Inc
3,020,799
24,664
Signet
Jewelers
Ltd
1,950,922
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
4,971,721
CONSUMER
DURABLES
&
APPAREL
-
2.2%
70,196
Steven
Madden
Ltd
1,685,055
61,284
(a)
Tri
Pointe
Homes
Inc
1,887,547
TOTAL
CONSUMER
DURABLES
&
APPAREL
3,572,602
CONSUMER
SERVICES
-
2.7%
24,655
Boyd
Gaming
Corp
2,093,210
6,210
Wingstop
Inc
2,343,281
TOTAL
CONSUMER
SERVICES
4,436,491
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0.8%
58,721
(a)
Guardian
Pharmacy
Services
Inc,
Class
A
1,227,269
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
1,227,269
ENERGY
-
3.3%
53,861
Matador
Resources
Co
2,686,587
92,528
Northern
Oil
&
Gas
Inc
2,605,588
TOTAL
ENERGY
5,292,175
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
3.8%
62,194
CareTrust
REIT
Inc
1,977,769
12,869
EastGroup
Properties
Inc
2,100,736
61,646
STAG
Industrial
Inc
2,116,307
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
6,194,812
15
SHARES
DESCRIPTION
VALUE
FINANCIAL
SERVICES
-
6.4%
204,703
BGC
Group
Inc,
Class
A
$
1,897,597
26,506
FirstCash
Holdings
Inc
3,532,985
143,469
Ladder
Capital
Corp
1,566,681
10,888
Piper
Sandler
Cos
3,433,204
TOTAL
FINANCIAL
SERVICES
10,430,467
FOOD,
BEVERAGE
&
TOBACCO
-
1.9%
66,883
Primo
Brands
Corp
1,846,640
31,813
(a)
Vital
Farms
Inc
1,183,443
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
3,030,083
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
9.1%
148,170
(a)
Alphatec
Holdings
Inc
1,567,639
59,404
(a)
Castle
Biosciences
Inc
899,971
26,770
(a),(b)
Establishment
Labs
Holdings
Inc
1,123,135
26,006
(a)
HealthEquity
Inc
2,522,582
27,725
(a)
Merit
Medical
Systems
Inc
2,352,743
61,565
(a)
Phreesia
Inc
1,659,792
20,603
(a)
PROCEPT
BioRobotics
Corp
999,452
31,832
(a)
RadNet
Inc
1,742,165
104,562
(a)
SI-BONE
Inc
1,780,691
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
14,648,170
INSURANCE
-
0.9%
5,237
Primerica
Inc
1,391,104
TOTAL
INSURANCE
1,391,104
MATERIALS
-
3.6%
45,699
Avient
Corp
1,442,717
42,350
Commercial
Metals
Co
2,196,271
26,393
(a)
Knife
River
Corp
2,176,895
TOTAL
MATERIALS
5,815,883
MEDIA
&
ENTERTAINMENT
-
2.2%
101,771
(a)
Magnite
Inc
2,341,751
40,677
(a)
Ziff
Davis
Inc
1,265,868
TOTAL
MEDIA
&
ENTERTAINMENT
3,607,619
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
5.6%
55,941
(a)
ADMA
Biologics
Inc
1,046,097
26,370
(a)
Alkermes
PLC
698,541
27,373
(a)
ANI
Pharmaceuticals
Inc
1,734,079
15,869
(a)
Axsome
Therapeutics
Inc
1,608,799
21,723
(a)
Crinetics
Pharmaceuticals
Inc
621,061
6,616
(a)
Krystal
Biotech
Inc
1,018,004
10,186
(a)
MoonLake
Immunotherapeutics
513,782
17,703
(a)
Scholar
Rock
Holding
Corp
655,896
10,194
(a)
Soleno
Therapeutics
Inc
881,475
11,541
(a)
Ultragenyx
Pharmaceutical
Inc
315,300
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
9,093,034
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
5.3%
35,442
(a)
Ambiq
Micro
Inc
1,554,132
16,613
(a)
Impinj
Inc
2,568,038
81,683
(a)
Rigetti
Computing
Inc
1,184,403
63,884
(a)
Semtech
Corp
3,264,472
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
8,571,045
SOFTWARE
&
SERVICES
-
6.3%
71,963
(a)
Cellebrite
DI
Ltd
1,006,043
11,248
(a)
Commvault
Systems
Inc
2,136,558
102,404
(a)
Grid
Dynamics
Holdings
Inc
971,814
26,847
(a)
Q2
Holdings
Inc
2,179,976
94,633
(a)
SentinelOne
Inc,
Class
A
1,735,569
33,454
(a)
Workiva
Inc
2,135,369
TOTAL
SOFTWARE
&
SERVICES
10,165,329
Portfolio
of
Investments
July
31,
2025
(continued)
Small
Cap
Select
16
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
SHARES
DESCRIPTION
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4.6%
17,354
(a)
Itron
Inc
$
2,161,267
16,380
(a)
Lumentum
Holdings
Inc
1,803,110
30,729
(a)
PAR
Technology
Corp
1,867,709
12,121
(a)
Plexus
Corp
1,545,428
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
7,377,514
TRANSPORTATION
-
1.2%
27,038
ArcBest
Corp
1,977,289
TOTAL
TRANSPORTATION
1,977,289
UTILITIES
-
2.7%
35,541
Black
Hills
Corp
2,053,559
31,780
Spire
Inc
2,366,657
TOTAL
UTILITIES
4,420,216
TOTAL
COMMON
STOCKS
(Cost
$130,257,922)
159,747,033
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$130,257,922)
159,747,033
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.2%
399,599
(c)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.320
%
(d)
399,599
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$399,599)
399,599
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 1.3%
2,075,000
REPURCHASE
AGREEMENTS
-
1
.3
%
2,075,000
$
2,075,000
(e)
Fixed
Income
Clearing
Corporation
4
.330
08/01/25
2,075,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$2,075,000)
2,075,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$2,075,000)
2,075,000
TOTAL
INVESTMENTS
-
100
.3
%
(Cost
$
132,732,521
)
162,221,632
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.3)%
(
521,029
)
NET
ASSETS
-
100%
$
161,700,603
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$386,531.
(c)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(d)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
(e)
Agreement
with
Fixed
Income
Clearing
Corporation,
4.330%
dated
7/31/25
to
be
repurchased
at
$2,075,250
on
8/1/25,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
1.875%
and
maturity
date
2/15/41,
valued
at
$2,116,551.
17
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Small
Cap
Select
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
159,747,033
$
–
$
–
$
159,747,033
Investments
Purchased
with
Collateral
from
Securities
Lending
399,599
–
–
399,599
Short-Term
Investments:
Repurchase
Agreements
–
2,075,000
–
2,075,000
Total
$
160,146,632
$
2,075,000
$
–
$
162,221,632
18
Portfolio
of
Investments
July
31,
2025
Small
Cap
Value
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
99.8%
267388293
COMMON
STOCKS
-
99
.8
%
267388293
AUTOMOBILES
&
COMPONENTS
-
1.0%
87,297
Standard
Motor
Products
Inc
$
2,650,337
TOTAL
AUTOMOBILES
&
COMPONENTS
2,650,337
BANKS
-
19.3%
87,352
Ameris
Bancorp
5,970,509
82,711
Banner
Corp
5,134,285
86,510
Cathay
General
Bancorp
3,911,982
177,661
ConnectOne
Bancorp
Inc
4,091,533
47,244
First
Interstate
BancSystem
Inc,
Class
A
1,360,155
125,697
First
Merchants
Corp
4,791,570
239,440
OceanFirst
Financial
Corp
4,017,803
225,053
Old
Second
Bancorp
Inc
3,819,149
48,590
Pinnacle
Financial
Partners
Inc
4,270,575
56,114
Preferred
Bank/Los
Angeles
CA
5,096,274
43,827
UMB
Financial
Corp
4,820,532
35,097
Wintrust
Financial
Corp
4,491,714
TOTAL
BANKS
51,776,081
CAPITAL
GOODS
-
9.9%
31,415
Boise
Cascade
Co
2,632,891
41,719
EnerSys
3,853,584
17,914
ESCO
Technologies
Inc
3,469,942
405,942
(a)
Hillman
Solutions
Corp
3,202,883
206,511
(a)
Resideo
Technologies
Inc
5,637,750
316,176
(a)
Stratasys
Ltd
3,424,186
20,766
WESCO
International
Inc
4,297,731
TOTAL
CAPITAL
GOODS
26,518,967
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
6.0%
164,137
Deluxe
Corp
2,642,606
51,881
Korn
Ferry
3,676,806
47,366
(a)
Willdan
Group
Inc
4,040,320
75,097
(a)
WNS
Holdings
Ltd
5,616,505
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
15,976,237
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
1.2%
7,523
Group
1
Automotive
Inc
3,100,604
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
3,100,604
CONSUMER
DURABLES
&
APPAREL
-
3.8%
117,121
La-Z-Boy
Inc
4,212,842
26,550
(a)
M/I
Homes
Inc
3,191,045
33,569
Whirlpool
Corp
2,787,570
TOTAL
CONSUMER
DURABLES
&
APPAREL
10,191,457
CONSUMER
SERVICES
-
1.3%
26,939
(a)
Stride
Inc
3,454,388
TOTAL
CONSUMER
SERVICES
3,454,388
ENERGY
-
5.9%
128,516
(a)
CNX
Resources
Corp
3,895,320
193,183
Magnolia
Oil
&
Gas
Corp,
Class
A
4,601,619
46,025
Matador
Resources
Co
2,295,727
115,382
Northern
Oil
&
Gas
Inc
3,249,157
305,355
(a)
ProPetro
Holding
Corp
1,636,703
TOTAL
ENERGY
15,678,526
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
7.5%
186,406
Apple
Hospitality
REIT
Inc
2,190,270
45,342
Centerspace
2,467,965
138,552
COPT
Defense
Properties
3,779,699
51,206
EPR
Properties
2,818,378
97,321
Getty
Realty
Corp
2,704,551
438,414
LXP
Industrial
Trust
3,402,093
19
SHARES
DESCRIPTION
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
(continued)
80,809
STAG
Industrial
Inc
$
2,774,173
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
20,137,129
FINANCIAL
SERVICES
-
7.2%
308,882
Ladder
Capital
Corp
3,372,992
67,418
OneMain
Holdings
Inc
3,896,086
14,341
Piper
Sandler
Cos
4,522,004
102,399
Radian
Group
Inc
3,339,231
37,321
Stifel
Financial
Corp
4,259,073
TOTAL
FINANCIAL
SERVICES
19,389,386
FOOD,
BEVERAGE
&
TOBACCO
-
0.9%
85,024
Primo
Brands
Corp
2,347,513
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
2,347,513
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
3.0%
38,851
(a)
Acadia
Healthcare
Co
Inc
845,786
23,646
(a)
Addus
HomeCare
Corp
2,524,920
52,491
(a)
Enovis
Corp
1,406,759
115,638
(a)
Option
Care
Health
Inc
3,393,975
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
8,171,440
INSURANCE
-
6.1%
65,720
(a)
Ategrity
Specialty
Holdings
LLC
1,313,086
149,106
(a)
Hamilton
Insurance
Group
Ltd,
Class
B
3,204,288
75,514
Kemper
Corp
4,650,907
13,867
Primerica
Inc
3,683,491
54,146
Stewart
Information
Services
Corp
3,515,700
TOTAL
INSURANCE
16,367,472
MATERIALS
-
4.6%
79,784
Commercial
Metals
Co
4,137,598
234,132
(a)
Ecovyst
Inc
2,015,876
29,133
(a)
Knife
River
Corp
2,402,890
66,346
Minerals
Technologies
Inc
3,858,020
TOTAL
MATERIALS
12,414,384
MEDIA
&
ENTERTAINMENT
-
1.9%
150,030
(a)
Magnite
Inc
3,452,190
54,658
(a)
Ziff
Davis
Inc
1,700,957
TOTAL
MEDIA
&
ENTERTAINMENT
5,153,147
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
3.9%
103,592
(a)
Alkermes
PLC
2,744,152
46,019
(a)
Exelixis
Inc
1,666,808
72,220
(a),(b)
Immunovant
Inc
1,161,297
13,741
(a)
Krystal
Biotech
Inc
2,114,328
38,786
(a)
Prestige
Consumer
Healthcare
Inc
2,868,225
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
10,554,810
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0.7%
252,563
Kennedy-Wilson
Holdings
Inc
1,848,761
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
1,848,761
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
2.1%
210,950
(a)
MaxLinear
Inc
3,337,229
106,335
(a)
Veeco
Instruments
Inc
2,209,641
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
5,546,870
SOFTWARE
&
SERVICES
-
4.3%
165,055
(a),(b)
Cleanspark
Inc
1,876,675
12,078
(a)
Commvault
Systems
Inc
2,294,216
73,674
(a)
I3
Verticals
Inc,
Class
A
2,061,399
153,802
OneSpan
Inc
2,268,579
35,690
(a)
Q2
Holdings
Inc
2,898,028
TOTAL
SOFTWARE
&
SERVICES
11,398,897
Portfolio
of
Investments
July
31,
2025
(continued)
Small
Cap
Value
20
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
SHARES
DESCRIPTION
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
3.3%
63,732
Crane
NXT
Co
$
3,781,857
176,072
(a)
Harmonic
Inc
1,498,373
28,133
(a)
Plexus
Corp
3,586,957
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
8,867,187
TRANSPORTATION
-
1.0%
105,464
Schneider
National
Inc,
Class
B
2,578,595
TOTAL
TRANSPORTATION
2,578,595
UTILITIES
-
4.9%
63,494
Black
Hills
Corp
3,668,683
30,993
ONE
Gas
Inc
2,253,191
48,364
Otter
Tail
Corp
3,732,734
48,496
Spire
Inc
3,611,497
TOTAL
UTILITIES
13,266,105
TOTAL
COMMON
STOCKS
(Cost
$205,279,675)
267,388,293
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$205,279,675)
267,388,293
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.8%
2,027,632
(c)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.320
%
(d)
2,027,632
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$2,027,632)
2,027,632
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 0.3%
900,000
REPURCHASE
AGREEMENTS
-
0
.3
%
900,000
$
900,000
(e)
Fixed
Income
Clearing
Corporation
4
.330
08/01/25
900,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$900,000)
900,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$900,000)
900,000
TOTAL
INVESTMENTS
-
100
.9
%
(Cost
$
208,207,307
)
270,315,925
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.9)%
(
2,328,307
)
NET
ASSETS
-
100%
$
267,987,618
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$1,958,403.
(c)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(d)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
(e)
Agreement
with
Fixed
Income
Clearing
Corporation,
4.330%
dated
7/31/25
to
be
repurchased
at
$900,108
on
8/1/25,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
1.875%
and
maturity
date
2/15/41,
valued
at
$918,002.
21
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Small
Cap
Value
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
267,388,293
$
–
$
–
$
267,388,293
Investments
Purchased
with
Collateral
from
Securities
Lending
2,027,632
–
–
2,027,632
Short-Term
Investments:
Repurchase
Agreements
–
900,000
–
900,000
Total
$
269,415,925
$
900,000
$
–
$
270,315,925
22
Portfolio
of
Investments
July
31,
2025
Small/Mid
Cap
Growth
Opportunities
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
99.9%
172122615
COMMON
STOCKS
-
99
.9
%
172122615
AUTOMOBILES
&
COMPONENTS
-
2.1%
11,058
(a)
Modine
Manufacturing
Co
$
1,487,965
22,843
Patrick
Industries
Inc
2,221,253
TOTAL
AUTOMOBILES
&
COMPONENTS
3,709,218
BANKS
-
0.6%
11,517
Pinnacle
Financial
Partners
Inc
1,012,229
TOTAL
BANKS
1,012,229
CAPITAL
GOODS
-
15.2%
30,860
AAON
Inc
2,576,810
10,874
(a)
AeroVironment
Inc
2,910,317
10,679
Applied
Industrial
Technologies
Inc
2,899,349
4,684
EMCOR
Group
Inc
2,939,163
12,394
ESCO
Technologies
Inc
2,400,718
9,201
FTAI
Aviation
Ltd
1,266,150
12,858
(a)
MasTec
Inc
2,432,862
63,044
(a)
Rocket
Lab
Corp
2,894,980
16,916
(a)
SPX
Technologies
Inc
3,085,309
43,203
(a)
Trex
Co
Inc
2,775,361
TOTAL
CAPITAL
GOODS
26,181,019
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
4.4%
114,460
(a)
ACV
Auctions
Inc,
Class
A
1,626,477
26,589
(a)
CBIZ
Inc
1,625,120
54,494
(a)
ExlService
Holdings
Inc
2,366,674
37,634
GFL
Environmental
Inc
1,894,495
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
7,512,766
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2.9%
15,905
(a)
Boot
Barn
Holdings
Inc
2,734,070
16,269
(a)
Ollie's
Bargain
Outlet
Holdings
Inc
2,222,833
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
4,956,903
CONSUMER
DURABLES
&
APPAREL
-
1.7%
40,275
Somnigroup
International
Inc
2,915,105
TOTAL
CONSUMER
DURABLES
&
APPAREL
2,915,105
CONSUMER
SERVICES
-
7.4%
4,753
(a)
Duolingo
Inc
1,647,152
30,865
(a)
Dutch
Bros
Inc,
Class
A
1,829,369
42,624
Red
Rock
Resorts
Inc,
Class
A
2,614,982
15,715
Texas
Roadhouse
Inc
2,909,318
9,844
Wingstop
Inc
3,714,535
TOTAL
CONSUMER
SERVICES
12,715,356
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1.3%
4,347
Casey's
General
Stores
Inc
2,261,005
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
2,261,005
ENERGY
-
2.3%
32,444
Matador
Resources
Co
1,618,307
165,966
Permian
Resources
Corp
2,350,078
TOTAL
ENERGY
3,968,385
FINANCIAL
SERVICES
-
9.5%
58,166
Equitable
Holdings
Inc
2,986,824
7,097
Evercore
Inc,
Class
A
2,137,191
22,935
FirstCash
Holdings
Inc
3,057,006
12,350
Houlihan
Lokey
Inc
2,354,651
7,125
Piper
Sandler
Cos
2,246,655
28,666
(a)
Toast
Inc,
Class
A
1,400,048
26,518
(a)
Upstart
Holdings
Inc
2,167,581
TOTAL
FINANCIAL
SERVICES
16,349,956
23
SHARES
DESCRIPTION
VALUE
FOOD,
BEVERAGE
&
TOBACCO
-
2.1%
58,988
Primo
Brands
Corp
$
1,628,659
51,515
(a)
Vital
Farms
Inc
1,916,358
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
3,545,017
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
13.2%
19,660
(a)
Addus
HomeCare
Corp
2,099,295
12,322
Encompass
Health
Corp
1,356,775
15,201
Ensign
Group
Inc/The
2,280,150
23,361
(a)
Globus
Medical
Inc,
Class
A
1,229,489
25,615
(a)
Guardant
Health
Inc
1,049,703
27,297
(a)
HealthEquity
Inc
2,647,809
20,252
(a)
Lantheus
Holdings
Inc
1,441,740
14,653
(a)
Masimo
Corp
2,253,485
26,738
(a)
Merit
Medical
Systems
Inc
2,268,987
10,762
(a)
Penumbra
Inc
2,714,930
28,185
(a)
PROCEPT
BioRobotics
Corp
1,367,254
37,725
(a)
RadNet
Inc
2,064,689
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
22,774,306
INSURANCE
-
2.7%
4,431
Kinsale
Capital
Group
Inc
1,952,697
9,015
(a)
Palomar
Holdings
Inc
1,194,397
29,768
(a)
Skyward
Specialty
Insurance
Group
Inc
1,505,666
TOTAL
INSURANCE
4,652,760
MATERIALS
-
2.5%
11,933
Carpenter
Technology
Corp
2,975,971
16,679
(a)
Knife
River
Corp
1,375,684
TOTAL
MATERIALS
4,351,655
MEDIA
&
ENTERTAINMENT
-
1.3%
94,680
(a)
Magnite
Inc
2,178,587
TOTAL
MEDIA
&
ENTERTAINMENT
2,178,587
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7.0%
22,357
(a)
Alkermes
PLC
592,237
9,561
(a)
Ascendis
Pharma
A/S,
ADR,
ADR
1,658,833
18,418
(a)
Axsome
Therapeutics
Inc
1,867,217
22,303
(a)
Bridgebio
Pharma
Inc
1,054,263
19,383
(a)
Insmed
Inc
2,079,408
9,499
(a)
Krystal
Biotech
Inc
1,461,611
13,134
(a)
MoonLake
Immunotherapeutics
662,479
26,936
(a)
Scholar
Rock
Holding
Corp
997,979
20,055
(a)
Ultragenyx
Pharmaceutical
Inc
547,903
4,276
(a)
United
Therapeutics
Corp
1,174,617
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
12,096,547
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
6.6%
37,552
(a)
Ambiq
Micro
Inc
1,646,655
28,840
(a)
Credo
Technology
Group
Holding
Ltd
3,217,102
14,765
(a)
Impinj
Inc
2,282,374
88,203
(a)
Rigetti
Computing
Inc
1,278,943
58,475
(a)
Semtech
Corp
2,988,073
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
11,413,147
SOFTWARE
&
SERVICES
-
11.3%
18,885
(a)
Agilysys
Inc
2,154,401
89,899
(a)
Confluent
Inc,
Class
A
1,593,460
14,547
(a)
Descartes
Systems
Group
Inc/The
1,538,491
52,413
(a)
Dynatrace
Inc
2,757,448
6,840
(a)
Figma
Inc,
Class
A
790,020
10,000
(a)
Guidewire
Software
Inc
2,262,200
76,958
(a)
nCino
OpCo
Inc
2,149,052
18,577
(a)
Rubrik
Inc,
Class
A
1,763,886
53,291
(a)
SailPoint
Inc
1,190,521
83,358
(a)
SentinelOne
Inc,
Class
A
1,528,786
Portfolio
of
Investments
July
31,
2025
(continued)
Small/Mid
Cap
Growth
Opportunities
24
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
SHARES
DESCRIPTION
VALUE
SOFTWARE
&
SERVICES
(continued)
27,938
(a)
Workiva
Inc
$
1,783,282
TOTAL
SOFTWARE
&
SERVICES
19,511,547
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4.6%
10,238
Badger
Meter
Inc
1,932,525
18,885
(a)
Itron
Inc
2,351,938
7,925
Jabil
Inc
1,768,622
17,768
(a)
Lumentum
Holdings
Inc
1,955,901
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
8,008,986
TRANSPORTATION
-
1.2%
16,694
(a)
XPO
Inc
2,008,121
TOTAL
TRANSPORTATION
2,008,121
TOTAL
COMMON
STOCKS
(Cost
$156,605,892)
172,122,615
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$156,605,892)
172,122,615
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 0.5%
900,000
REPURCHASE
AGREEMENTS
-
0
.5
%
900,000
$
900,000
(b)
Fixed
Income
Clearing
Corporation
4
.330
%
08/01/25
900,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$900,000)
900,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$900,000)
900,000
TOTAL
INVESTMENTS
-
100
.4
%
(Cost
$
157,505,892
)
173,022,615
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.4)%
(
720,829
)
NET
ASSETS
-
100%
$
172,301,786
ADR
American
Depositary
Receipt
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Agreement
with
Fixed
Income
Clearing
Corporation,
4.330%
dated
7/31/25
to
be
repurchased
at
$900,108
on
8/1/25,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
1.875%
and
maturity
date
2/15/41,
valued
at
$918,002.
25
Small/Mid
Cap
Growth
Opportunities
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
172,122,615
$
–
$
–
$
172,122,615
Short-Term
Investments:
Repurchase
Agreements
–
900,000
–
900,000
Total
$
172,122,615
$
900,000
$
–
$
173,022,615