Lord Abbett
Quarterly Portfolio Holdings Report

Lord Abbett
Alpha Strategy Fund
Focused Growth Fund
Focused Large Cap Value Fund
Focused Small Cap Value Fund
Fundamental Equity Fund
Global Equity Fund
Growth Leaders Fund
Health Care Fund
International Equity Fund
International Opportunities Fund
International Value Fund
Micro Cap Growth Fund
Value Opportunities Fund

For the period ended July 31, 2025

Schedule of Investments (unaudited)

ALPHA STRATEGY FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.99%

INVESTMENTS IN UNDERLYING FUNDS^(a)(b) 99.99%
Lord Abbett Developing Growth Fund, Inc. - Class I^(c)		4,063,367	$	121,738,472
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I^(d)		2,072,235		59,307,357
Lord Abbett Securities Trust - International Opportunities Fund - Class I^(d)		5,257,812		116,197,641
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I^(d)		2,854,022		59,820,307
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I^(d)		5,759,948		117,848,534
Lord Abbett Securities Trust - Value Opportunities Fund - Class I^(d)		5,940,262		118,211,222
Total Investments in Underlying Funds (cost $527,611,096)				593,123,533

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.06%

Repurchase Agreements 0.06%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $357,100 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $363,688; proceeds: $356,453 (cost $356,413)	$	356,413	$	356,413
Total Investments in Securities 100.05% (cost $527,967,509)				593,479,946
Other Assets and Liabilities – Net (0.05)%				(285,382	)
Net Assets 100.00%			$	593,194,564

^(a)		These investments offer daily redemptions.
^(b)		Affiliated funds.
^(c)		Fund investment objective is long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter.
^(d)		Fund investment objective is long-term capital appreciation.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Investments in Underlying Funds	$	593,123,533	$	–	$	–	$	593,123,533
Short-Term Investments
Repurchase Agreements		–		356,413		–		356,413
Total	$	593,123,533	$	356,413	$	–	$	593,479,946


⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each investment in Underlying Funds. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FOCUSED GROWTH FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 95.80%

COMMON STOCKS 95.80%

Aerospace & Defense 2.48%
Axon Enterprise, Inc.*		4,838	$	3,655,061

Biotechnology 1.10%
Natera, Inc.*		12,102		1,617,553

Broadline Retail 8.61%
Amazon.com, Inc.*		36,132		8,458,863
MercadoLibre, Inc. (Uruguay)*^(a)		1,788		4,244,515
Total				12,703,378

Capital Markets 1.73%
Robinhood Markets, Inc. Class A*		24,761		2,551,621

Communications Equipment 3.32%
Arista Networks, Inc.*		39,747		4,897,625

Construction & Engineering 4.06%
Comfort Systems USA, Inc.		3,432		2,413,726
EMCOR Group, Inc.		5,712		3,584,223
Total				5,997,949

Entertainment 5.51%
Netflix, Inc.*		4,581		5,311,211
Spotify Technology SA (Sweden)*^(a)		4,500		2,819,430
Total				8,130,641

Financial Services 3.27%
Toast, Inc. Class A*		63,526		3,102,610
Visa, Inc. Class A		4,984		1,721,822
Total				4,824,432

Ground Transportation 1.62%
Uber Technologies, Inc.*		27,220		2,388,555

Health Care Equipment & Supplies 4.29%
Boston Scientific Corp.*		33,509		3,515,764
Intuitive Surgical, Inc.*		5,848		2,813,415
Total				6,329,179

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 3.19%
DoorDash, Inc. Class A*		18,823	$	4,710,456

Information Technology Services 4.41%
Cloudflare, Inc. Class A*		16,599		3,447,280
Shopify, Inc. Class A (Canada)*^(a)		25,104		3,067,960
Total				6,515,240

Interactive Media & Services 9.51%
Alphabet, Inc. Class A		19,259		3,695,802
Meta Platforms, Inc. Class A		13,378		10,347,080
Total				14,042,882

Semiconductors & Semiconductor Equipment 16.94%
Astera Labs, Inc.*		28,050		3,835,277
Broadcom, Inc.		16,605		4,876,889
NVIDIA Corp.		91,589		16,290,935
Total				25,003,101

Software 20.05%
AppLovin Corp. Class A*		8,096		3,163,107
Atlassian Corp. Class A (Australia)*^(a)		9,143		1,753,445
Crowdstrike Holdings, Inc. Class A*		5,353		2,433,313
Guidewire Software, Inc.*		10,701		2,420,780
Intuit, Inc.		4,532		3,558,209
Microsoft Corp.		17,936		9,568,856
Palantir Technologies, Inc. Class A*		25,734		4,074,979
ServiceNow, Inc.*		2,770		2,612,443
Total				29,585,132

Specialty Retail 2.98%
Carvana Co.*		11,278		4,400,337

Technology Hardware, Storage & Peripherals 2.73%
Apple, Inc.		19,404		4,027,688
Total Common Stocks (cost $99,257,227)				141,380,830

2	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED GROWTH FUND July 31, 2025

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 5.02%

Repurchase Agreements 5.02%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $7,657,800 of U.S. Treasury Note at 2.750% due 4/30/2027; value: $7,553,127; proceeds: $7,405,803 (cost $7,404,980)	$	7,404,980	$	7,404,980

Investments	Principal Amount	Fair Value
Total Investments in Securities 100.82% (cost $106,662,207)		$	148,785,810
Other Assets and Liabilities – Net (0.82)%			(1,204,288	)
Net Assets 100.00%		$	147,581,522


*		Non-income producing security.
^(a)		Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	141,380,830	$	–	$	–	$	141,380,830
Short-Term Investments
Repurchase Agreements		–		7,404,980		–		7,404,980
Total	$	141,380,830	$	7,404,980	$	–	$	148,785,810


⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FOCUSED LARGE CAP VALUE FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.24%

COMMON STOCKS 98.24%

Aerospace & Defense 7.62%
Boeing Co.*		7,110	$	1,577,282
RTX Corp.		10,778		1,698,290
Total				3,275,572

Banks 4.07%
JPMorgan Chase & Co.		5,906		1,749,593

Beverages 2.98%
Carlsberg AS Class B^(a)		10,263		1,279,459

Biotechnology 5.53%
AbbVie, Inc.		7,907		1,494,581
Gilead Sciences, Inc.		7,860		882,600
Total				2,377,181

Building Products 4.05%
Allegion PLC (Ireland)^(b)		10,494		1,741,164

Capital Markets 12.31%
Charles Schwab Corp.		20,449		1,998,481
KKR & Co., Inc.		11,019		1,615,165
SEI Investments Co.		19,010		1,675,161
Total				5,288,807

Construction Materials 3.14%
CRH PLC		14,142		1,349,854

Consumer Staples Distribution & Retail 2.88%
BJ’s Wholesale Club Holdings, Inc.*		11,692		1,238,183

Electronic Equipment, Instruments & Components 2.77%
TD SYNNEX Corp.		8,229		1,188,185

Health Care Providers & Services 3.14%
Labcorp Holdings, Inc.		5,194		1,350,856

Investments	Shares		Fair Value
Insurance 7.33%
Aon PLC Class A (United Kingdom)^(b)		4,737	$	1,684,998
RenaissanceRe Holdings Ltd.		6,014		1,465,853
Total				3,150,851

Interactive Media & Services 4.23%
Alphabet, Inc. Class A		9,477		1,818,636

Machinery 3.28%
Parker-Hannifin Corp.		1,923		1,407,444

Oil, Gas & Consumable Fuels 7.44%
Expand Energy Corp.		10,447		1,094,637
Permian Resources Corp.		63,000		892,080
Shell PLC ADR		16,744		1,209,084
Total				3,195,801

Real Estate Management & Development 3.29%
CBRE Group, Inc. Class A*		9,073		1,413,029

Semiconductors & Semiconductor Equipment 4.14%
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		7,359		1,778,082

Software 4.64%
Microsoft Corp.		3,737		1,993,689

Specialty Retail 9.12%
AutoZone, Inc.*		355		1,337,775
Dick’s Sporting Goods, Inc.		6,190		1,309,247
Lowe’s Cos., Inc.		5,683		1,270,548
Total				3,917,570

Technology Hardware, Storage & Peripherals 3.40%
NetApp, Inc.		14,033		1,461,256

Trading Companies & Distributors 2.88%
AerCap Holdings NV (Ireland)^(b)		11,526		1,236,163
Total Common Stocks (cost $31,801,118)				42,211,375

4	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED LARGE CAP VALUE FUND July 31, 2025

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.43%

Repurchase Agreements 1.43%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $616,700 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $628,049; proceeds: $615,611 (cost $615,543)	$	615,543	$	615,543
Total Investments in Securities 99.67% (cost $32,416,661)				42,826,918
Other Assets and Liabilities – Net 0.33%				142,272
Net Assets 100.00%			$	42,969,190



ADR		American Depositary Receipt.
*		Non-income producing security.
^(a)		Investment in non-U.S. dollar denominated securities.
^(b)		Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Beverages	$	–	$	1,279,459	$	–	$	1,279,459
Remaining Industries		40,931,916		–		–		40,931,916
Short-Term Investments
Repurchase Agreements		–		615,543		–		615,543
Total	$	40,931,916	$	1,895,002	$	–	$	42,826,918


⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FOCUSED SMALL CAP VALUE FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.24%

COMMON STOCKS 99.24%

Aerospace & Defense 1.09%
Leonardo DRS, Inc.		23,772	$	988,915

Automobile Components 2.52%
LCI Industries		23,971		2,277,245

Banks 14.96%
Axos Financial, Inc.*		26,601		2,296,996
Bancorp, Inc.*		37,035		2,339,131
First BanCorp		106,397		2,216,249
Prosperity Bancshares, Inc.		35,808		2,385,529
Seacoast Banking Corp. of Florida		66,419		1,872,352
Wintrust Financial Corp.		18,655		2,387,467
Total				13,497,724

Building Products 2.66%
Griffon Corp.		29,519		2,399,009

Capital Markets 3.98%
Marex Group PLC (United Kingdom)^(a)		46,853		1,807,589
Moelis & Co. Class A		25,413		1,782,468
Total				3,590,057

Chemicals 4.21%
Avient Corp.		49,176		1,552,486
Element Solutions, Inc.		95,130		2,245,068
Total				3,797,554

Commercial Services & Supplies 2.30%
Brady Corp. Class A		29,368		2,072,500

Construction & Engineering 4.35%
Arcosa, Inc.		18,847		1,618,580
WillScot Holdings Corp.		78,734		2,310,843
Total				3,929,423

Consumer Finance 2.02%
FirstCash Holdings, Inc.		13,669		1,821,941

Investments	Shares		Fair Value
Consumer Staples Distribution & Retail 1.49%
PriceSmart, Inc.		12,502	$	1,343,965

Electric: Utilities 2.73%
IDACORP, Inc.		19,660		2,463,988

Electronic Equipment, Instruments & Components 12.41%
Advanced Energy Industries, Inc.		15,470		2,149,092
Belden, Inc.		19,007		2,350,216
Littelfuse, Inc.		9,873		2,540,619
Mirion Technologies, Inc.*		60,519		1,352,600
Vishay Precision Group, Inc.*		105,748		2,804,437
Total				11,196,964

Food Products 2.16%
Simply Good Foods Co.*		63,952		1,947,978

Ground Transportation 2.28%
Landstar System, Inc.		15,436		2,058,699

Health Care Equipment & Supplies 1.97%
Integer Holdings Corp.*		16,350		1,774,139

Health Care Providers & Services 1.81%
Addus HomeCare Corp.*		15,292		1,632,880

Insurance 6.20%
Accelerant Holdings Class A (Cayman Islands)*^(a)		11,553		318,170
Kemper Corp.		44,491		2,740,201
White Mountains Insurance Group Ltd.		1,418		2,535,100
Total				5,593,471

Leisure Products 4.05%
Acushnet Holdings Corp.		26,041		2,073,384
YETI Holdings, Inc.*		43,052		1,581,731
Total				3,655,115

Life Sciences Tools & Services 1.85%
Azenta, Inc.*		51,102		1,671,035

Machinery 2.91%
Worthington Enterprises, Inc.		42,367		2,625,483

6	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED SMALL CAP VALUE FUND July 31, 2025

Investments	Shares		Fair Value
Oil, Gas & Consumable Fuels 6.30%
Gulfport Energy Corp.*		6,447	$	1,122,616
MEG Energy Corp.^(b)		123,487		2,433,913
Northern Oil & Gas, Inc.		75,508		2,126,305
Total				5,682,834

Professional Services 2.77%
Genpact Ltd.		56,711		2,498,120

Real Estate Management & Development 4.61%
Cushman & Wakefield PLC*		235,741		2,873,683
Marcus & Millichap, Inc.		41,329		1,287,811
Total				4,161,494

Semiconductors & Semiconductor Equipment 3.64%
Silicon Motion Technology Corp. ADR		42,947		3,287,163

Trading Companies & Distributors 3.97%
MRC Global, Inc.*		132,526		1,945,482
Rush Enterprises, Inc.Class A		30,267		1,638,655
Total				3,584,137
Total Common Stocks (cost $77,157,681)				89,551,833

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.86%

Repurchase Agreements 0.86%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $772,200 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $786,317; proceeds: $770,928 (cost $770,842)	$	770,842	$	770,842
Total Investments in Securities 100.10% (cost $77,928,523)				90,322,675
Other Assets and Liabilities – Net (0.10)%				(85,929	)
Net Assets 100.00%			$	90,236,746

ADR		American Depositary Receipt.
*		Non-income producing security.
^(a)		Foreign security traded in U.S. dollars.
^(b)		Investment in non-U.S. dollar denominated securities.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	89,551,833	$	–	$	–	$	89,551,833
Short-Term Investments
Repurchase Agreements		–		770,842		–		770,842
Total	$	89,551,833	$	770,842	$	–	$	90,322,675

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FUNDAMENTAL EQUITY FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.23%

COMMON STOCKS 98.23%

Aerospace & Defense 5.30%
Boeing Co.*		222,987	$	49,467,436
RTX Corp.		361,850		57,016,705
Total				106,484,141

Banks 6.85%
JPMorgan Chase & Co.		280,618		83,130,276
Wells Fargo & Co.		675,687		54,480,643
Total				137,610,919

Beverages 1.60%
Carlsberg AS Class B^(a)		258,362		32,209,265

Biotechnology 4.35%
AbbVie, Inc.		213,917		40,434,591
Gilead Sciences, Inc.		188,760		21,195,860
United Therapeutics Corp.*		93,938		25,804,769
Total				87,435,220

Building Products 2.28%
Allegion PLC (Ireland)^(b)		276,334		45,849,337

Capital Markets 9.57%
Charles Schwab Corp.		553,745		54,117,499
KKR & Co., Inc.		226,509		33,201,689
Morgan Stanley		205,415		29,263,421
Nasdaq, Inc.		373,242		35,913,345
SEI Investments Co.		450,300		39,680,436
Total				192,176,390

Construction & Engineering 3.70%
AECOM		304,640		34,345,114
EMCOR Group, Inc.		63,655		39,942,876
Total				74,287,990

Construction Materials 1.53%
CRH PLC		321,909		30,726,214

Consumer Finance 1.01%
American Express Co.		68,026		20,360,862

Investments	Shares		Fair Value
Consumer Staples Distribution & Retail 2.55%
BJ’s Wholesale Club Holdings, Inc.*		296,548	$	31,404,433
Maplebear, Inc.*		413,740		19,847,108
Total				51,251,541

Electric: Utilities 2.62%
Entergy Corp.		355,066		32,108,619
FirstEnergy Corp.		478,506		20,436,991
Total				52,545,610

Electronic Equipment, Instruments & Components 4.90%
Jabil, Inc.		195,270		43,578,406
Keysight Technologies, Inc.*		192,660		31,578,901
TD SYNNEX Corp.		161,886		23,374,719
Total				98,532,026

Financial Services 0.90%
Fiserv, Inc.*		130,308		18,104,994

Health Care Providers & Services 3.56%
Labcorp Holdings, Inc.		141,679		36,847,874
McKesson Corp.		50,127		34,765,080
Total				71,612,954

Industrial REITS 1.40%
Prologis, Inc.		263,906		28,179,883

Insurance 8.76%
Aon PLC Class A (United Kingdom)^(b)		107,391		38,200,053
Arch Capital Group Ltd.		392,974		33,819,342
Arthur J Gallagher & Co.		128,112		36,800,172
Progressive Corp.		120,370		29,134,355
RenaissanceRe Holdings Ltd.		156,068		38,040,014
Total				175,993,936

Interactive Media & Services 3.39%
Alphabet, Inc. Class A		354,910		68,107,229

Machinery 3.57%
AGCO Corp.		288,410		34,023,728
Parker-Hannifin Corp.		51,515		37,703,828
Total				71,727,556

8	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

FUNDAMENTAL EQUITY FUND July 31, 2025

Investments	Shares		Fair Value
Metals & Mining 1.57%
Steel Dynamics, Inc.		246,536	$	31,448,132

Multi-Utilities 1.64%
CMS Energy Corp.		446,280		32,935,464

Oil, Gas & Consumable Fuels 6.67%
Expand Energy Corp.		309,165		32,394,309
Permian Resources Corp.		2,237,700		31,685,832
Shell PLC ADR		627,597		45,318,779
Williams Cos., Inc.		409,340		24,539,933
Total				133,938,853

Pharmaceuticals 1.26%
Teva Pharmaceutical Industries Ltd. ADR*		1,638,210		25,310,345

Real Estate Management & Development 1.73%
CBRE Group, Inc. Class A*		223,496		34,807,267

Semiconductors & Semiconductor Equipment 3.45%
KLA Corp.		26,478		23,274,956
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		190,905		46,126,466
Total				69,401,422

Software 3.58%
Microsoft Corp.		134,733		71,880,055

Specialty Retail 7.19%
AutoZone, Inc.*		10,170		38,324,424
Dick’s Sporting Goods, Inc.		176,380		37,306,134
Lowe’s Cos., Inc.		166,972		37,329,930
Ross Stores, Inc.		231,020		31,543,471
Total				144,503,959

Technology Hardware, Storage & Peripherals 1.76%
NetApp, Inc.		339,941		35,398,056

Investments	Shares		Fair Value
Trading Companies & Distributors 1.54%
AerCap Holdings NV (Ireland)^(b)		287,537	$	30,838,343
Total Common Stocks (cost $1,278,838,157)				1,973,657,963

		Principal Amount

SHORT-TERM INVESTMENTS 1.80%

Repurchase Agreements 1.80%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $36,212,400 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $36,873,156; proceeds: $36,153,971 (cost $36,149,955)	$	36,149,955		36,149,955
Total Investments in Securities 100.03% (cost $1,314,988,112)				2,009,807,918
Other Assets and Liabilities – Net (0.03)%				(639,598	)
Net Assets 100.00%			$	2,009,168,320

ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
*		Non-income producing security.
^(a)		Investment in non-U.S. dollar denominated securities.
^(b)		Foreign security traded in U.S. dollars.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FUNDAMENTAL EQUITY FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Beverages	$	–	$	32,209,265	$	–	$	32,209,265
Remaining Industries		1,941,448,698		–		–		1,941,448,698
Short-Term Investments
Repurchase Agreements		–		36,149,955		–		36,149,955
Total	$	1,941,448,698	$	68,359,220	$	–	$	2,009,807,918

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

10	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

GLOBAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.52%

COMMON STOCKS 95.54%

Australia 0.93%

Diversified REITS 0.75%
Charter Hall Group		143,207	$	1,844,988

Health Care Technology 0.18%
Pro Medicus Ltd.		2,201		451,985
Total Australia				2,296,973

Austria 2.21%

Banks
BAWAG Group AG^†		43,245		5,457,841

Brazil 1.74%

Broadline Retail
MercadoLibre, Inc.*		1,813		4,303,863

Canada 0.52%

Consumer Staples Distribution & Retail 0.10%
Alimentation Couche-Tard, Inc.		5,019		260,803

Information Technology Services 0.42%
Shopify, Inc. Class A*		8,486		1,037,293
Total Canada				1,298,096

China 5.54%

Beverages 0.76%
Kweichow Moutai Co. Ltd. Class A		9,481		1,870,502

Interactive Media & Services 1.58%
Tencent Holdings Ltd.		55,733		3,901,990

Marine Transportation 1.74%
SITC International Holdings Co. Ltd.		1,332,113		4,318,761

Investments	Shares		U.S. $ Fair Value
China (continued)

Textiles, Apparel & Luxury Goods 1.46%
ANTA Sports Products Ltd.		314,200	$	3,606,414
Total China				13,697,667

France 4.25%

Beverages 0.03%
Pernod Ricard SA		645		66,286

Building Products 0.96%
Cie de Saint-Gobain SA		20,675		2,371,776

Construction & Engineering 1.58%
Eiffage SA		29,101		3,906,384

Oil, Gas & Consumable Fuels 1.48%
Gaztransport Et Technigaz SA		19,510		3,669,545

Textiles, Apparel & Luxury Goods 0.20%
LVMH Moet Hennessy Louis Vuitton SE		941		505,140
Total France				10,519,131

India 0.27%

Commercial Services & Supplies
CMS Info Systems Ltd.		127,699		666,260

Ireland 0.97%

Information Technology Services 0.11%
Accenture PLC Class A		1,057		282,324

Trading Companies & Distributors 0.86%
AerCap Holdings NV		19,843		2,128,162
Total Ireland				2,410,486

Italy 1.70%

Passenger Airlines
Ryanair Holdings PLC		143,034		4,205,584

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
Japan 5.77%

Building Products 0.72%
Sanwa Holdings Corp.		65,259	$	1,780,384

Electrical Equipment 1.03%
Fuji Electric Co. Ltd.		51,122		2,541,693

Entertainment 0.62%
Nintendo Co. Ltd.		18,361		1,534,592

Health Care Equipment & Supplies 0.18%
Hoya Corp.		3,600		454,186

Information Technology Services 0.57%
Obic Co. Ltd.		39,500		1,406,302

Professional Services 1.36%
TechnoPro Holdings, Inc.		105,979		3,356,374

Specialty Retail 1.29%
USS Co. Ltd.		294,700		3,203,061
Total Japan				14,276,592

Mexico 1.64%

Banks
Grupo Financiero Banorte SAB de CV Class O		456,265		4,066,116

Peru 1.65%

Banks
Intercorp Financial Services, Inc.		112,950		4,072,977

Singapore 1.72%

Entertainment
Sea Ltd. ADR*		27,193		4,259,783

Spain 1.54%

Electric: Utilities
Iberdrola SA		217,087		3,815,593

Investments	Shares		U.S. $ Fair Value
Sweden 0.73%

Machinery
Volvo AB Class B		62,588	$	1,797,514

Switzerland 1.72%

Building Products 0.65%
Belimo Holding AG Registered Shares		1,378		1,603,617

Capital Markets 0.65%
Partners Group Holding AG		1,191		1,601,057

Health Care Equipment & Supplies 0.42%
Straumann Holding AG Registered Shares		8,647		1,053,549
Total Switzerland				4,258,223

Taiwan 5.98%

Communications Equipment 1.96%
Accton Technology Corp.		164,000		4,843,607

Semiconductors & Semiconductor Equipment 2.97%
Realtek Semiconductor Corp.		136,537		2,610,705
Taiwan Semiconductor Manufacturing Co. Ltd.		123,036		4,736,794
				7,347,499

Technology Hardware, Storage & Peripherals 1.05%
Asia Vital Components Co. Ltd.		86,000		2,613,906
Total Taiwan				14,805,012

United Kingdom 5.25%

Broadline Retail 1.00%
Next PLC		15,278		2,479,940

Capital Markets 0.08%
London Stock Exchange Group PLC		1,667		203,199

12	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)

Household Durables 0.84%
Persimmon PLC		136,605	$	2,059,831

Personal Care Products 0.93%
Unilever PLC		39,627		2,299,176

Tobacco 1.75%
Imperial Brands PLC		111,162		4,333,026

Trading Companies & Distributors 0.65%
Ashtead Group PLC		24,117		1,611,288
Total United Kingdom				12,986,460

United States 51.41%

Aerospace & Defense 0.69%
TransDigm Group, Inc.		1,057		1,700,142

Banks 3.04%
East West Bancorp, Inc.		40,076		4,017,619
JPMorgan Chase & Co.		11,795		3,494,151
				7,511,770

Biotechnology 1.04%
AbbVie, Inc.		13,579		2,566,703

Broadline Retail 3.65%
Amazon.com, Inc.*		38,551		9,025,175

Building Products 0.09%
Builders FirstSource, Inc.*		1,835		233,283

Capital Markets 2.98%
Ameriprise Financial, Inc.		2,160		1,119,290
Charles Schwab Corp.		42,661		4,169,260
Moody’s Corp.		4,050		2,088,706
				7,377,256

Construction Materials 0.31%
CRH PLC		8,084		771,618

Consumer Staples Distribution & Retail 0.55%
BJ’s Wholesale Club Holdings, Inc.*		12,934		1,369,711

Investments	Shares		U.S. $ Fair Value
United States (continued)

Distributors 0.13%
Pool Corp.		1,042	$	321,082

Electronic Equipment, Instruments & Components 0.71%
Amphenol Corp. Class A		16,469		1,754,113

Entertainment 1.49%
Netflix, Inc.*		3,188		3,696,167

Financial Services 1.61%
Fiserv, Inc.*		4,413		613,142
Visa, Inc. Class A		9,754		3,369,715
				3,982,857

Ground Transportation 1.58%
Uber Technologies, Inc.*		44,683		3,920,933

Health Care Equipment & Supplies 2.19%
Dexcom, Inc.*		37,389		3,019,910
IDEXX Laboratories, Inc.*		4,485		2,396,380
				5,416,290

Health Care Providers & Services 2.01%
Cigna Group		8,923		2,385,832
McKesson Corp.		3,743		2,595,920
				4,981,752

Health Care Technology 0.75%
Veeva Systems, Inc. Class A*		6,560		1,864,352

Hotels, Restaurants & Leisure 0.86%
Domino’s Pizza, Inc.		4,618		2,139,104

Insurance 0.97%
Aon PLC Class A		3,579		1,273,086
Progressive Corp.		4,654		1,126,454
				2,399,540

Interactive Media & Services 7.30%
Alphabet, Inc. Class A		54,009		10,364,327
Meta Platforms, Inc. Class A		9,942		7,689,541
				18,053,868

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United States (continued)

Media 0.25%
Trade Desk, Inc. Class A*		7,093	$	616,807

Oil, Gas & Consumable Fuels 0.98%
Cheniere Energy, Inc.		10,243		2,416,119

Professional Services 0.13%
Booz Allen Hamilton Holding Corp.		2,886		309,754

Semiconductors & Semiconductor Equipment 7.22%
Broadcom, Inc.		16,548		4,860,148
KLA Corp.		751		660,151
NVIDIA Corp.		69,342		12,333,862
				17,854,161

Software 7.85%
Adobe, Inc.*		6,035		2,158,659
Datadog, Inc. Class A*		9,482		1,327,290
Intuit, Inc.		2,991		2,348,324
Microsoft Corp.		20,867		11,132,545
Salesforce, Inc.		9,489		2,451,293
				19,418,111

Specialty Retail 2.33%
Carvana Co.*		5,160		2,013,277
Lowe’s Cos., Inc.		3,362		751,642
Ulta Beauty, Inc.*		5,848		3,011,779
				5,776,698

Trading Companies & Distributors 0.70%
Core & Main, Inc. Class A*		27,147		1,727,635
Total United States				127,205,001
Total Common Stocks (cost $204,894,435)				236,399,172

Investments	Shares		U.S. $ Fair Value
PREFERRED STOCKS 0.98%

Germany 0.98%

Chemicals 0.98%
FUCHS SE		53,123	$	2,430,923
Total Preferred Stocks (cost $2,617,565)				2,430,923
Total Long-Term Investments (cost $207,512,000)				238,830,095

		Principal Amount

SHORT-TERM INVESTMENTS 7.09%

Repurchase Agreements 7.09%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $18,132,200 of U.S. Treasury Note at 2.750% due 4/30/2027; value: $17,884,352; proceeds: $17,535,523 (cost $17,533,574)	$	17,533,574		17,533,574
Total Investments in Securities 103.61% (cost $225,045,574)				256,363,669
Other Assets and Liabilities – Net (3.61)%				(8,938,897	)
Net Assets 100.00%			$	247,424,772


ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
^†		Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2025, the total value of Rule 144A securities was $5,457,841, which represents 2.21% of net assets.
*		Non-income producing security.

14	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

GLOBAL EQUITY FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Australia	$	–	$	2,296,973	$	–	$	2,296,973
Austria		–		5,457,841		–		5,457,841
China		4,318,761		9,378,906		–		13,697,667
France		–		10,519,131		–		10,519,131
India		–		666,260		–		666,260
Italy		–		4,205,584		–		4,205,584
Japan		–		14,276,592		–		14,276,592
Spain		–		3,815,593		–		3,815,593
Sweden		–		1,797,514		–		1,797,514
Switzerland		–		4,258,223		–		4,258,223
Taiwan		–		14,805,012		–		14,805,012
United Kingdom		–		12,986,460		–		12,986,460
Remaining Countries		147,616,322		–		–		147,616,322
Preferred Stocks		–		2,430,923		–		2,430,923
Short-Term Investments
Repurchase Agreements		–		17,533,574		–		17,533,574
Total	$	151,935,083	$	104,428,586	$	–	$	256,363,669


⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

GROWTH LEADERS FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 96.42%

COMMON STOCKS 96.42%

Aerospace & Defense 4.69%
Axon Enterprise, Inc.*		186,379	$	140,807,471
General Electric Co.		516,462		140,002,519
TransDigm Group, Inc.		49,812		80,120,609
Total				360,930,599

Biotechnology 2.88%
Argenx SE ADR*		64,220		43,048,593
Insmed, Inc.*		972,013		104,277,555
Natera, Inc.*		552,852		73,894,198
Total				221,220,346

Broadline Retail 7.80%
Amazon.com, Inc.*		1,922,125		449,988,684
MercadoLibre, Inc. (Uruguay)*^(a)		62,926		149,379,402
Total				599,368,086

Capital Markets 2.61%
ARES Management Corp. Class A		336,869		62,499,306
Robinhood Markets, Inc. Class A*		1,342,827		138,378,322
Total				200,877,628

Communications Equipment 2.96%
Arista Networks, Inc.*		1,843,703		227,181,084

Construction & Engineering 2.40%
Comfort Systems USA, Inc.		66,996		47,118,287
EMCOR Group, Inc.		218,426		137,060,130
Total				184,178,417

Diversified Consumer Services 0.64%
Duolingo, Inc.*		141,882		49,169,207

Electronic Equipment, Instruments & Components 1.12%
Amphenol Corp. Class A		807,766		86,035,157

Investments	Shares		Fair Value
Entertainment 5.93%
Netflix, Inc.*		207,787	$	240,908,248
Sea Ltd. ADR*		553,369		86,685,254
Spotify Technology SA (Sweden)*^(a)		204,942		128,404,360
Total				455,997,862

Financial Services 3.74%
Affirm Holdings, Inc.*		828,313		56,789,139
Toast, Inc. Class A*		2,814,734		137,471,609
Visa, Inc. Class A		269,859		93,228,189
Total				287,488,937

Ground Transportation 1.10%
Uber Technologies, Inc.*		965,919		84,759,392

Health Care Equipment & Supplies 3.14%
Boston Scientific Corp.*		1,253,028		131,467,698
Intuitive Surgical, Inc.*		228,297		109,831,403
Total				241,299,101

Hotels, Restaurants & Leisure 2.88%
Booking Holdings, Inc.		9,855		54,242,511
DoorDash, Inc. Class A*		667,406		167,018,352
Total				221,260,863

Information Technology Services 4.67%
Cloudflare, Inc. Class A*		749,744		155,706,834
Shopify, Inc. Class A (Canada)*^(a)		1,034,309		126,402,903
Snowflake, Inc. Class A*		345,817		77,290,099
Total				359,399,836

Interactive Media & Services 10.43%
Alphabet, Inc. Class A		1,032,283		198,095,108
Meta Platforms, Inc. Class A		686,405		530,893,083
Reddit, Inc. Class A*		455,969		73,224,062
Total				802,212,253

Semiconductors & Semiconductor Equipment 16.09%
Astera Labs, Inc.*		987,104		134,966,730
Broadcom, Inc.		802,424		235,671,929
NVIDIA Corp.		4,872,053		866,592,067
Total				1,237,230,726

16	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

GROWTH LEADERS FUND July 31, 2025

Investments	Shares		Fair Value
Software 17.97%
AppLovin Corp. Class A*		334,971	$	130,873,170
Atlassian Corp. Class A (Australia)*^(a)		194,875		37,373,127
Cadence Design Systems, Inc.*		155,466		56,678,240
Crowdstrike Holdings, Inc. Class A*		286,968		130,447,044
Figma, Inc. Class A*		61,863		7,145,177
Guidewire Software, Inc.*		447,335		101,196,124
Intuit, Inc.		141,524		111,114,738
Microsoft Corp.		737,619		393,519,736
Oracle Corp.		623,324		158,180,931
Palantir Technologies, Inc. Class A*		965,526		152,891,042
ServiceNow, Inc.*		108,018		101,873,936
Total				1,381,293,265

Specialty Retail 2.50%
Carvana Co.*		493,419		192,517,291

Technology Hardware, Storage & Peripherals 2.87%
Apple, Inc.		1,063,927		220,839,327
Total Common Stocks (cost $4,315,798,329)				7,413,259,377

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.53%

Repurchase Agreements 1.53%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $121,576,200 of U.S. Treasury Note at 2.750% due 4/30/2027; value: $119,914,088; proceeds: $117,575,770 (cost $117,562,708)	$	117,562,708	$	117,562,708
Total Investments in Securities 97.95% (cost $4,433,361,037)				7,530,822,085
Other Assets and Liabilities – Net 2.05%				157,260,035
Net Assets 100.00%			$	7,688,082,120

ADR		American Depositary Receipt.
*		Non-income producing security.
^(a)		Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	7,413,259,377	$	–	$	–	$	7,413,259,377
Short-Term Investments
Repurchase Agreements		–		117,562,708		–		117,562,708
Total	$	7,413,259,377	$	117,562,708	$	–	$	7,530,822,085

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

HEALTH CARE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.95%

COMMON STOCKS 96.95%

Australia 0.61%

Biotechnology
Telix Pharmaceuticals Ltd.*		3,254	$	43,594

Belgium 2.64%

Pharmaceuticals
UCB SA		883		189,717

Denmark 2.09%

Biotechnology 1.50%
Ascendis Pharma AS ADR*		621		107,743

Pharmaceuticals 0.59%
Novo Nordisk AS Class B		917		42,648
Total Denmark				150,391

France 3.21%

Biotechnology 0.52%
Abivax SA ADR*		521		37,392

Health Care Equipment & Supplies 2.69%
BioMerieux		395		56,518
EssilorLuxottica SA		460		136,783
				193,301
Total France				230,693

Israel 0.64%

Pharmaceuticals
Teva Pharmaceutical Industries Ltd. ADR*		2,957		45,686

Japan 1.02%

Health Care Equipment & Supplies
Terumo Corp.		4,336		73,527

Investments	Shares		U.S. $ Fair Value
Netherlands 4.88%

Biotechnology
Argenx SE*		406	$	272,728
Merus NV*		1,169		77,435
				350,163

Spain 1.81%

Biotechnology
Pharma Mar SA*		1,427		130,074

Sweden 0.96%

Biotechnology
Swedish Orphan Biovitrum AB*		2,494		68,576

Switzerland 4.06%

Life Sciences Tools & Services 2.32%
Lonza Group AG Registered Shares		239		166,576

Pharmaceuticals 1.74%
Galderma Group AG		813		125,298
Total Switzerland				291,874

United Kingdom 2.98%

Pharmaceuticals
AstraZeneca PLC		1,468		214,169

United States 72.05%

Biotechnology 24.81%
AbbVie, Inc.		192		36,292
ADMA Biologics, Inc.*		4,968		92,901
Akero Therapeutics, Inc.*		1,274		62,235
Alnylam Pharmaceuticals, Inc.*		225		88,254
Arcellx, Inc.*		1,165		83,169
Bridgebio Pharma, Inc.*		2,278		107,681
Celcuity, Inc.*		1,382		54,126
Gilead Sciences, Inc.		2,551		286,452
Insmed, Inc.*		1,597		171,326

18	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United States (continued)
Madrigal Pharmaceuticals, Inc.*		239	$	72,300
Mirum Pharmaceuticals, Inc.*		1,651		85,324
Natera, Inc.*		1,151		153,843
Neurocrine Biosciences, Inc.*		589		75,527
Nuvalent, Inc. Class A*		520		40,742
PTC Therapeutics, Inc.*		1,125		58,624
Rhythm Pharmaceuticals, Inc.*		1,461		124,521
Soleno Therapeutics, Inc.*		1,229		106,272
TG Therapeutics, Inc.*		1,432		50,836
United Therapeutics Corp.*		116		31,865
				1,782,290

Health Care Equipment & Supplies 24.69%
Abbott Laboratories		1,619		204,302
Alcon AG		1,057		92,540
Boston Scientific Corp.*		3,532		370,577
Ceribell, Inc.*		3,719		53,554
IDEXX Laboratories, Inc.*		67		35,799
Insulet Corp.*		453		130,645
Intuitive Surgical, Inc.*		700		336,763
iRhythm Technologies, Inc.*		497		69,669
Masimo Corp.*		326		50,136
Penumbra, Inc.*		326		82,240
PROCEPT BioRobotics Corp.*		1,257		60,977
Stryker Corp.		729		286,300
				1,773,502

Health Care Providers & Services 9.37%
Cencora, Inc.		681		194,821
CVS Health Corp.		1,759		109,234
Encompass Health Corp.		968		106,586
GeneDx Holdings Corp.*		601		61,272
Guardant Health, Inc.*		2,459		100,770
HealthEquity, Inc.*		348		33,756
Hinge Health, Inc. Class A*		1,480		66,526
				672,965

Investments	Shares		U.S. $ Fair Value
United States (continued)

Health Care Technology 3.69%
Doximity, Inc. Class A*		1,043	$	61,276
Veeva Systems, Inc. Class A*		400		113,680
Waystar Holding Corp.*		2,443		90,342
				265,298

Pharmaceuticals 9.49%
Eli Lilly & Co.		682		504,728
Tarsus Pharmaceuticals, Inc.*		4,548		176,553
				681,281
Total United States				5,175,336
Total Common Stocks (cost $5,325,358)				6,963,800

	Principal Amount

SHORT-TERM INVESTMENTS 2.48%

Repurchase Agreements 2.48%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $178,700 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $182,036; proceeds: $178,338 (cost $178,318)	$	178,318		178,318
Total Investments in Securities 99.43% (cost $5,503,676)				7,142,118
Other Assets and Liabilities – Net 0.57%				41,192
Net Assets 100.00%			$	7,183,310

ADR		American Depositary Receipt.
*		Non-income producing security.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

HEALTH CARE FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Australia	$	–	$	43,594	$	–	$	43,594
Belgium		–		189,717		–		189,717
Denmark		107,743		42,648		–		150,391
France		37,392		193,301		–		230,693
Japan		–		73,527		–		73,527
Netherlands		77,435		272,728		–		350,163
Spain		–		130,074		–		130,074
Sweden		–		68,576		–		68,576
Switzerland		–		291,874		–		291,874
United Kingdom		–		214,169		–		214,169
Remaining Countries		5,221,022		–		–		5,221,022
Short-Term Investments
Repurchase Agreements		–		178,318		–		178,318
Total	$	5,443,592	$	1,698,526	$	–	$	7,142,118

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

20	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.66%

COMMON STOCKS 97.66%

Australia 1.40%

Diversified REITS 0.63%
Charter Hall Group		210,055	$	2,706,215

Insurance 0.77%
QBE Insurance Group Ltd.		221,868		3,291,238
Total Australia				5,997,453

Austria 2.14%

Banks
BAWAG Group AG^†		33,159		4,184,913
Erste Group Bank AG		54,474		4,981,313
				9,166,226

Brazil 1.29%

Broadline Retail 0.75%
MercadoLibre, Inc.*		1,354		3,214,247

Capital Markets 0.54%
B3 SA – Brasil Bolsa Balcao		1,033,300		2,321,421
Total Brazil				5,535,668

Canada 1.51%

Broadline Retail 0.57%
Dollarama, Inc.		17,810		2,434,222

Electronic Equipment, Instruments & Components 0.25%
Celestica, Inc.*		5,343		1,067,852

Oil, Gas & Consumable Fuels 0.69%
Imperial Oil Ltd.		35,426		2,953,786
Total Canada				6,455,860

Investments	Shares		U.S. $ Fair Value
China 5.47%

Automobiles 0.59%
BYD Co. Ltd. Class H		173,472	$	2,532,838

Broadline Retail 1.50%
Alibaba Group Holding Ltd.		428,000		6,434,880

Interactive Media & Services 2.13%
Tencent Holdings Ltd.		130,247		9,118,879

Technology Hardware, Storage & Peripherals 0.64%
Xiaomi Corp. Class B^†*		408,400		2,747,695

Textiles, Apparel & Luxury Goods 0.61%
ANTA Sports Products Ltd.		225,400		2,587,160
Total China				23,421,452

Denmark 1.39%

Air Freight & Logistics 0.76%
DSV AS		14,463		3,240,940

Beverages 0.63%
Carlsberg AS Class B		21,866		2,725,973
Total Denmark				5,966,913

France 10.98%

Aerospace & Defense 0.75%
Safran SA		9,766		3,220,350

Banks 1.19%
Societe Generale SA		80,016		5,107,302

Beverages 0.53%
Pernod Ricard SA		22,000		2,260,911

Building Products 1.88%
Cie de Saint-Gobain SA		70,180		8,050,846

Chemicals 1.17%
Air Liquide SA		25,521		5,020,911

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
France (continued)

Health Care Equipment & Supplies 1.78%
BioMerieux		15,511	$	2,219,380
EssilorLuxottica SA		18,115		5,386,574
				7,605,954

Insurance 1.31%
AXA SA		115,210		5,595,650

Media 0.60%
Publicis Groupe SA		27,920		2,551,377

Oil, Gas & Consumable Fuels 0.87%
TotalEnergies SE		62,798		3,734,312

Personal Care Products 0.90%
L’Oreal SA		8,720		3,858,451
Total France				47,006,064

Germany 12.35%

Aerospace & Defense 1.32%
Rheinmetall AG		2,850		5,641,564

Automobiles 0.33%
Bayerische Motoren Werke AG		15,025		1,429,649

Banks 1.10%
Commerzbank AG		128,600		4,689,504

Construction Materials 1.35%
Heidelberg Materials AG		25,090		5,788,125

Diversified Telecommunication Services 1.00%
Deutsche Telekom AG Registered Shares		119,107		4,271,879

Electrical Equipment 1.67%
Siemens Energy AG*		61,800		7,155,121

Industrial Conglomerates 1.39%
Siemens AG		23,386		5,956,487

Investments	Shares		U.S. $ Fair Value
Germany (continued)

Insurance 1.40%
Allianz SE Registered Shares		15,171	$	5,995,240

Semiconductors & Semiconductor Equipment 0.86%
Infineon Technologies AG		94,138		3,698,034

Software 1.93%
SAP SE		28,874		8,256,680
Total Germany				52,882,283

Greece 1.23%

Banks
Alpha Bank SA		1,407,299		5,267,701

Hungary 0.82%

Banks
OTP Bank Nyrt		43,090		3,496,576

India 4.22%

Banks 0.98%
ICICI Bank Ltd. ADR		124,576		4,198,211

Electric: Utilities 0.57%
Power Grid Corp. of India Ltd.		732,218		2,420,543

Health Care Providers & Services 0.66%
Max Healthcare Institute Ltd.		199,984		2,837,288

Hotels, Restaurants & Leisure 0.56%
Indian Hotels Co. Ltd.		286,447		2,409,325

Oil, Gas & Consumable Fuels 0.46%
Reliance Industries Ltd.		124,597		1,967,696

Wireless Telecommunication Services 0.99%
Bharti Airtel Ltd.		195,200		4,249,335
Total India				18,082,398

22	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
Ireland 1.62%

Banks 1.00%
AIB Group PLC		540,596	$	4,264,572

Trading Companies & Distributors 0.62%
AerCap Holdings NV		24,959		2,676,853
Total Ireland				6,941,425

Italy 2.98%

Banks 1.55%
UniCredit SpA		90,151		6,632,749

Beverages 0.70%
Coca-Cola HBC AG		57,417		2,984,087

Textiles, Apparel & Luxury Goods 0.73%
Brunello Cucinelli SpA		28,088		3,149,864
Total Italy				12,766,700

Japan 12.69%

Automobiles 0.65%
Toyota Motor Corp.		156,200		2,778,423

Banks 1.73%
Mizuho Financial Group, Inc.		116,000		3,402,472
Sumitomo Mitsui Financial Group, Inc.		159,121		4,014,083
				7,416,555

Building Products 0.57%
Sanwa Holdings Corp.		89,400		2,438,995

Entertainment 1.70%
Nintendo Co. Ltd.		87,100		7,279,721

Health Care Equipment & Supplies 0.69%
Terumo Corp.		173,300		2,938,694

Industrial Conglomerates 2.19%
Hitachi Ltd.		306,600		9,382,157

Investments	Shares		U.S. $ Fair Value
Japan (continued)

Information Technology Services 1.10%
Fujitsu Ltd.		216,100	$	4,707,504

Insurance 0.77%
Sompo Holdings, Inc.		111,800		3,296,650

Machinery 1.06%
Mitsubishi Heavy Industries Ltd.		189,700		4,529,353

Semiconductors & Semiconductor Equipment 0.63%
Tokyo Electron Ltd.		17,000		2,702,638

Textiles, Apparel & Luxury Goods 0.63%
Asics Corp.		114,300		2,687,111

Tobacco 0.97%
Japan Tobacco, Inc.		146,200		4,175,416
Total Japan				54,333,217

Mexico 0.79%

Banks
Grupo Financiero Banorte SAB de CV Class O		378,100		3,369,529

Netherlands 1.84%

Chemicals 0.48%
Akzo Nobel NV		33,085		2,077,784

Insurance 1.36%
NN Group NV		86,488		5,823,721
Total Netherlands				7,901,505

Peru 0.83%

Banks
Credicorp Ltd.		15,030		3,562,110

Singapore 0.93%

Banks
DBS Group Holdings Ltd.		108,900		3,997,117

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
South Korea 2.40%

Aerospace & Defense 1.10%
Hanwha Aerospace Co. Ltd.		6,600	$	4,708,784

Banks 0.75%
KB Financial Group, Inc.		40,305		3,202,158

Electrical Equipment 0.55%
LS Electric Co. Ltd.		10,818		2,387,670
Total South Korea				10,298,612

Spain 2.93%

Banks 1.16%
Banco Bilbao Vizcaya Argentaria SA		298,296		4,975,057

Electric: Utilities 1.29%
Iberdrola SA		313,028		5,501,886

Information Technology Services 0.48%
Indra Sistemas SA^(a)		49,767		2,061,548
Total Spain				12,538,491

Sweden 0.52%

Machinery
Volvo AB Class B		77,995		2,240,000

Switzerland 4.45%

Building Products 0.73%
Belimo Holding AG Registered Shares		2,703		3,145,556

Chemicals 0.68%
Givaudan SA		695		2,905,341

Electrical Equipment 0.84%
ABB Ltd. Registered Shares		55,000		3,591,395

Food Products 0.57%
Chocoladefabriken Lindt & Spruengli AG		165		2,427,244

Investments	Shares		U.S. $ Fair Value
Switzerland (continued)

Life Sciences Tools & Services 1.00%
Lonza Group AG Registered Shares		6,153	$	4,288,450

Textiles, Apparel & Luxury Goods 0.63%
Cie Financiere Richemont SA Class A		16,424		2,681,648
Total Switzerland				19,039,634

Taiwan 4.79%

Semiconductors & Semiconductor Equipment 4.43%
MediaTek, Inc.		32,000		1,449,106
Taiwan Semiconductor Manufacturing Co. Ltd.		454,714		17,506,149
				18,955,255

Technology Hardware, Storage & Peripherals 0.36%
Asia Vital Components Co. Ltd.		51,000		1,550,107
Total Taiwan				20,505,362

United Kingdom 8.09%

Banks 1.01%
NatWest Group PLC		625,216		4,339,984

Capital Markets 1.05%
St. James’s Place PLC		261,937		4,508,164

Electric: Utilities 0.67%
SSE PLC		115,973		2,842,757

Personal Care Products 1.13%
Unilever PLC		83,541		4,847,086

Pharmaceuticals 1.81%
AstraZeneca PLC		39,474		5,758,926
Hikma Pharmaceuticals PLC		76,305		1,972,274
				7,731,200

24	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)

Professional Services 1.08%
RELX PLC		88,912	$	4,619,963

Tobacco 1.34%
Imperial Brands PLC		147,401		5,745,600
Total United Kingdom				34,634,754

United States 10.00%

Construction Materials 2.12%
CRH PLC		35,719		3,385,137
Holcim AG		71,263		5,683,219
				9,068,356

Electrical Equipment 1.75%
Schneider Electric SE		29,007		7,506,815

Entertainment 0.87%
Spotify Technology SA*		5,978		3,745,456

Health Care Equipment & Supplies 0.73%
Alcon AG		35,612		3,122,032

Interactive Media & Services 0.99%
Meta Platforms, Inc. Class A		5,498		4,252,373

Oil, Gas & Consumable Fuels 1.58%
Shell PLC		188,633		6,778,169

Pharmaceuticals 1.21%
Novartis AG Registered Shares		45,476		5,179,127

Semiconductors & Semiconductor Equipment 0.75%
Broadcom, Inc.		10,886		3,197,218
Total United States				42,849,546
Total Common Stocks (cost $317,557,328)				418,256,596

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 2.17%

Repurchase Agreements 1.68%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $7,203,600 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $7,335,026; proceeds: $7,191,993 (cost $7,191,194)	$	7,191,194	$	7,191,194

Time Deposits 0.05%
CitiBank N.A.^(b) (cost $211,200)		211,200		211,200

	Shares

Money Market Funds 0.44%
Fidelity Government Portfolio^(b) (cost $1,900,800)		1,900,800		1,900,800
Total Short-Term Investments (cost $9,303,194)				9,303,194
Total Investments in Securities 99.83% (cost $326,860,522)				427,559,790
Other Assets and Liabilities – Net 0.17%				717,723
Net Assets 100.00%			$	428,277,513

ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
†		Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2025, the total value of Rule 144A securities was $6,932,608, which represents 1.62% of net assets.
*		Non-income producing security.
^(a)		All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
^(b)		Security was purchased with the cash collateral from loaned securities.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL EQUITY FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	5,535,668	$	–	$	–	$	5,535,668
Canada		6,455,860		–		–		6,455,860
India		4,198,211		13,884,187		–		18,082,398
Ireland		2,676,853		4,264,572		–		6,941,425
Mexico		3,369,529		–		–		3,369,529
Peru		3,562,110		–		–		3,562,110
United States		11,195,047		31,654,499		–		42,849,546
Remaining Countries		–		331,460,060		–		331,460,060
Short-Term Investments
Repurchase Agreements		–		7,191,194		–		7,191,194
Time Deposits		–		211,200		–		211,200
Money Market Funds		1,900,800		–		–		1,900,800
Total	$	38,894,078	$	388,665,712	$	–	$	427,559,790

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

26	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.60%

COMMON STOCKS 97.60%

Australia 2.90%

Diversified REITS 1.09%
Charter Hall Group		265,000	$	3,414,091

Insurance 0.89%
Steadfast Group Ltd.		735,000		2,797,321

Professional Services 0.92%
ALS Ltd.		250,000		2,906,369
Total Australia				9,117,781

Austria 1.55%

Banks 0.70%
BAWAG Group AG^†		17,376		2,192,980

Construction Materials 0.85%
Wienerberger AG		80,000		2,681,792
Total Austria				4,874,772

Belgium 0.91%

Health Care REITS
Aedifica SA		39,000		2,869,930

Canada 10.06%

Capital Markets 1.20%
TMX Group Ltd.		93,000		3,781,481

Consumer Staples Distribution & Retail 1.07%
North West Co., Inc.		97,800		3,356,934

Gas Utilities 0.98%
Brookfield Infrastructure Corp. Class A		79,489		3,103,031

Metals & Mining 1.46%
Alamos Gold, Inc. Class A		106,929		2,598,369
Capstone Copper Corp.*		356,100		1,996,894
				4,595,263

Investments	Shares		U.S. $ Fair Value
Canada (continued)

Oil, Gas & Consumable Fuels 3.08%
MEG Energy Corp.		185,600	$	3,658,153
Parkland Corp.		134,000		3,782,289
Topaz Energy Corp.		122,000		2,267,249
				9,707,691

Retail REITS 1.20%
First Capital Real Estate Investment Trust		282,200		3,786,156

Trading Companies & Distributors 1.07%
Finning International, Inc.		77,000		3,355,413
Total Canada				31,685,969

China 0.66%

Textiles, Apparel & Luxury Goods
Xtep International Holdings Ltd.		2,900,000		2,076,284

Denmark 0.40%

Beverages
Royal Unibrew AS		16,954		1,270,627

Finland 1.39%

Containers & Packaging 0.38%
Huhtamaki OYJ		35,000		1,204,678

Machinery 1.01%
Hiab OYJ		46,500		3,173,359
Total Finland				4,378,037

France 7.91%

Aerospace & Defense 0.60%
LISI SA		35,000		1,891,745

Beverages 0.47%
Remy Cointreau SA		25,000		1,484,215

Biotechnology 0.67%
Abivax SA ADR*		29,500		2,117,215

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
France (continued)

Commercial Services & Supplies 0.96%
Elis SA		110,000	$	3,032,707

Electronic Equipment, Instruments & Components 0.41%
VusionGroup		5,000		1,285,269

Energy Equipment & Services 0.74%
Technip Energies NV		54,000		2,331,792

Hotels, Restaurants & Leisure 0.58%
Cie des Alpes		70,000		1,837,315

Household Durables 0.90%
Kaufman & Broad SA		79,000		2,814,645

Information Technology Services 1.36%
Sopra Steria Group		19,900		4,287,795

Oil, Gas & Consumable Fuels 0.80%
Gaztransport Et Technigaz SA		13,349		2,510,751

Software 0.42%
Planisware SA		53,781		1,302,890
Total France				24,896,339

Germany 9.19%

Chemicals 0.78%
AlzChem Group AG		14,500		2,454,449

Information Technology Services 1.04%
IONOS Group SE*		69,000		3,272,429

Interactive Media & Services 1.29%
Scout24 SE^†		30,500		4,076,069

Machinery 2.70%
Deutz AG		360,000		3,157,000
RENK Group AG		69,000		5,356,292
				8,513,292

Investments	Shares		U.S. $ Fair Value
Germany (continued)

Media 0.66%
Stroeer SE & Co. KGaA		38,500	$	2,068,694

Real Estate Management & Development 1.09%
TAG Immobilien AG		212,433		3,415,508

Software 0.72%
Innoscripta SE*		18,500		2,259,004

Wireless Telecommunication Services 0.91%
Freenet AG		88,579		2,872,869
Total Germany				28,932,314

Greece 1.92%

Banks
Alpha Bank SA		1,612,221		6,034,750

Hong Kong 0.44%

Semiconductors & Semiconductor Equipment
ASMPT Ltd.		165,200		1,397,545

Ireland 1.45%

Hotels, Restaurants & Leisure
Dalata Hotel Group PLC		627,534		4,568,983

Israel 1.47%

Capital Markets
Tel Aviv Stock
Exchange Ltd.		244,657		4,618,662

Italy 3.54%

Automobile Components 0.96%
Pirelli & C SpA^†		450,000		3,033,616

Health Care Equipment & Supplies 0.47%
DiaSorin SpA		15,000		1,466,475

Hotels, Restaurants & Leisure 0.99%
Lottomatica Group SpA		115,833		3,124,937

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
Italy (continued)

Textiles, Apparel & Luxury Goods 1.12%
Brunello Cucinelli SpA		31,366	$	3,517,468
Total Italy				11,142,496

Japan 19.54%

Banks 1.72%
Mebuki Financial Group, Inc.		1,000,000		5,422,060

Building Products 0.59%
Sanwa Holdings Corp.		67,700		1,846,979

Chemicals 1.48%
Aica Kogyo Co. Ltd.		149,100		3,671,258
Kansai Paint Co. Ltd.		69,000		977,033
				4,648,291

Commercial Services & Supplies 1.73%
Daiei Kankyo Co. Ltd.		155,000		3,193,837
Japan Elevator Service Holdings Co. Ltd.		85,000		2,269,119
				5,462,956

Electronic Equipment, Instruments & Components 1.46%
Azbil Corp.		492,400		4,601,183

Food Products 1.44%
Kewpie Corp.		166,000		4,536,435

Information Technology Services 1.47%
NS Solutions Corp.		90,476		2,122,060
Simplex Holdings, Inc.		92,100		2,500,217
				4,622,277

Machinery 4.02%
DMG Mori Co. Ltd.		132,400		3,059,396
Fujitec Co. Ltd.		94,800		3,509,077
Kawasaki Heavy Industries Ltd.		27,000		1,971,892
Organo Corp.		67,000		4,128,236
				12,668,601

Investments	Shares		U.S. $ Fair Value
Japan (continued)

Real Estate Management & Development 0.76%
Tokyu Fudosan Holdings Corp.		337,800	$	2,382,049

Software 1.42%
Money Forward, Inc.*		48,400		1,914,093
OBIC Business Consultants Co. Ltd.		44,600		2,572,302
				4,486,395

Specialty Retail 2.29%
JINS Holdings, Inc.		94,700		5,021,139
USS Co. Ltd.		200,000		2,173,777
				7,194,916

Wireless Telecommunication Services 1.16%
Okinawa Cellular Telephone Co.		107,200		3,639,668
Total Japan				61,511,810

Mexico 1.86%

Capital Markets 0.85%
Bolsa Mexicana de Valores SAB de CV		1,250,000		2,680,890

Consumer Finance 1.01%
Gentera SAB de CV		1,402,820		3,170,009
Total Mexico				5,850,899

Netherlands 1.75%

Insurance 1.27%
ASR Nederland NV		60,000		3,985,435

Semiconductors & Semiconductor Equipment 0.48%
BE Semiconductor Industries NV		11,183		1,510,954
Total Netherlands				5,496,389

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
New Zealand 0.85%

Transportation Infrastructure
Port of Tauranga Ltd.^(a)		655,000	$	2,684,568

Peru 1.42%

Banks
Intercorp Financial Services, Inc.		124,356		4,484,277

South Korea 0.55%

Banks
BNK Financial Group, Inc.		165,000		1,728,041

Spain 3.02%

Air Freight & Logistics 0.73%
Logista Integral SA		73,000		2,310,488

Banks 1.41%
Unicaja Banco SA^†		1,685,000		4,427,165

Containers & Packaging 0.88%
Vidrala SA		25,821		2,779,541
Total Spain				9,517,194

Sweden 2.66%

Commercial Services & Supplies 1.55%
Loomis AB		123,468		4,881,838

Consumer Staples Distribution & Retail 0.57%
Axfood AB		60,000		1,787,898

Leisure Products 0.54%
Thule Group AB^†		60,000		1,696,905
Total Sweden				8,366,641

Switzerland 5.56%

Building Products 3.18%
Belimo Holding AG Registered Shares		4,950		5,760,453
dormakaba Holding AG		4,400		4,247,428
				10,007,881

Investments	Shares		U.S. $ Fair Value
Switzerland (continued)

Capital Markets 1.16%
EFG International AG		185,000	$	3,666,825

Health Care Equipment & Supplies 0.66%
Medacta Group SA^†		11,500		2,085,863

Machinery 0.56%
Sulzer AG Registered Shares		9,156		1,761,714
Total Switzerland				17,522,283

Taiwan 1.68%

Electronic Equipment, Instruments & Components 0.56%
Chroma ATE, Inc.		122,000		1,746,953

Semiconductors & Semiconductor Equipment 1.12%
Realtek Semiconductor Corp.		55,000		1,051,647
Visual Photonics Epitaxy Co. Ltd.		520,000		2,487,921
				3,539,568
Total Taiwan				5,286,521

United Kingdom 14.92%

Aerospace & Defense 1.52%
Chemring Group PLC		661,488		4,790,559

Capital Markets 2.74%
Marex Group PLC		62,846		2,424,599
St. James’s Place PLC		360,000		6,195,913
				8,620,512

Construction & Engineering 0.64%
Renew Holdings PLC		180,000		2,010,044

Construction Materials 0.78%
Breedon Group PLC		514,923		2,465,799

Food Products 2.89%
Cranswick PLC		61,500		4,307,031
Premier Foods PLC		1,051,913		2,678,394
Tate & Lyle PLC		298,578		2,108,183
				9,093,608

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)

Household Durables 0.76%
Persimmon PLC		158,907	$	2,396,117

Insurance 0.79%
Lancashire Holdings Ltd.		299,653		2,477,312

Machinery 1.00%
Rotork PLC		735,000		3,152,568

Pharmaceuticals 0.73%
Hikma Pharmaceuticals PLC		89,264		2,307,229

Residential REITS 0.71%
UNITE Group PLC		227,729		2,245,269

Specialized REITS 0.76%
Big Yellow Group PLC		195,247		2,407,322

Trading Companies & Distributors 1.60%
Ashtead Technology Holdings PLC		160,000		707,223
Diploma PLC		36,500		2,583,832
Howden Joinery Group PLC		150,000		1,736,485
				5,027,540
Total United Kingdom				46,993,879
Total Common Stocks (cost $244,059,032)				307,306,991

	Principal Amount

SHORT-TERM INVESTMENTS 2.50%

Repurchase Agreements 2.47%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $7,872,900 of U.S. Treasury Note at 3.875% due 5/31/2027; value: $7,911,161; proceeds: $7,756,855 (cost $7,755,993)	$	7,755,993		7,755,993

Time Deposits 0.00%
CitiBank N.A.^(b) (cost $10,308)		10,308		10,308

Investments	Shares		U.S. $ Fair Value
Money Market Funds 0.03%
Fidelity Government Portfolio^(b) (cost $92,776)		92,776	$	92,776
Total Short-Term Investments (cost $7,859,077)				7,859,077
Total Investments in Securities 100.10% (cost $251,918,109)				315,166,068
Other Assets and Liabilities – Net (0.10)%				(310,692	)
Net Assets 100.00%			$	314,855,376

ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
^†		Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2025, the total value of Rule 144A securities was $17,512,598, which represents 5.56% of net assets.
*		Non-income producing security.
^(a)		All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
^(b)		Security was purchased with the cash collateral from loaned securities.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	31,685,969	$	–	$	–	$	31,685,969
Denmark		1,270,627		–		–		1,270,627
France		2,117,215		22,779,124		–		24,896,339
Ireland		4,568,983		–		–		4,568,983
Italy		3,124,937		8,017,559		–		11,142,496
Mexico		5,850,899		–		–		5,850,899
Peru		4,484,277		–		–		4,484,277
United Kingdom		10,046,104		36,947,775		–		46,993,879
Remaining Countries		–		176,413,522		–		176,413,522
Short-Term Investments
Repurchase Agreements		–		7,755,993		–		7,755,993
Time Deposits		–		10,308		–		10,308
Money Market Funds		92,776		–		–		92,776
Total	$	63,241,787	$	251,924,281	$	–	$	315,166,068

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL VALUE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.53%

COMMON STOCKS 97.53%

Australia 3.50%

Insurance 1.32%
QBE Insurance Group Ltd.		396,691	$	5,884,600

Metals & Mining 2.18%
BHP Group Ltd.		382,901		9,670,247
Total Australia				15,554,847

Austria 3.70%

Banks 2.82%
BAWAG Group AG^†		38,431		4,850,278
Erste Group Bank AG		84,153		7,695,276
				12,545,554

Construction Materials 0.88%
Wienerberger AG		116,545		3,906,867
Total Austria				16,452,421

Canada 3.68%

Insurance 0.77%
Manulife Financial Corp.		110,229		3,410,448

Metals & Mining 0.59%
Teck Resources Ltd. Class B		81,622		2,646,706

Oil, Gas & Consumable Fuels 2.32%
Parkland Corp.		161,500		4,558,506
Pembina Pipeline Corp.		155,007		5,761,302
				10,319,808
Total Canada				16,376,962

China 0.94%

Marine Transportation
SITC International Holdings Co. Ltd.		1,294,000		4,195,197

Investments	Shares		U.S. $ Fair Value
France 11.71%

Banks 1.67%
Societe Generale SA		116,308	$	7,423,766

Building Products 1.74%
Cie de Saint-Gobain SA		67,554		7,749,599

Construction & Engineering 1.16%
Eiffage SA		38,326		5,144,706

Diversified Telecommunication Services 1.10%
Orange SA		320,321		4,872,422

Gas Utilities 1.08%
Rubis SCA		151,373		4,793,359

Hotels, Restaurants & Leisure 0.74%
Sodexo SA		55,478		3,299,468

Information Technology Services 0.85%
Capgemini SE		25,474		3,792,475

Insurance 2.34%
AXA SA		214,301		10,408,415

Media 1.03%
Publicis Groupe SA		49,964		4,565,795
Total France				52,050,005

Germany 5.97%

Automobiles 1.21%
Bayerische Motoren Werke AG		56,644		5,389,755

Chemicals 0.88%
FUCHS SE		110,806		3,897,201

Health Care Providers & Services 1.98%
Fresenius SE & Co. KGaA		185,001		8,830,214

Industrial Conglomerates 1.90%
Siemens AG		33,115		8,434,494
Total Germany				26,551,664

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
Hong Kong 1.44%

Insurance
Prudential PLC		504,616	$	6,401,648

Ireland 2.73%

Banks 1.52%
AIB Group PLC		855,276		6,746,973

Trading Companies & Distributors 1.21%
AerCap Holdings NV		50,364		5,401,539
Total Ireland				12,148,512

Italy 4.49%

Beverages 1.24%
Coca-Cola HBC AG		106,566		5,538,468

Electric: Utilities 1.85%
Enel SpA		933,343		8,230,484

Passenger Airlines 1.40%
Ryanair Holdings PLC		211,421		6,216,346
Total Italy				19,985,298

Japan 13.92%
Automobiles 1.80%
Toyota Motor Corp.		450,300		8,009,757

Banks 3.17%
Mizuho Financial Group, Inc.		292,500		8,579,510
Sumitomo Mitsui Financial Group, Inc.		218,189		5,504,168
				14,083,678

Building Products 0.58%
Sanwa Holdings Corp.		93,900		2,561,763

Electrical Equipment 1.41%
Fuji Electric Co. Ltd.		125,801		6,254,597

Investments	Shares		U.S. $ Fair Value
Japan (continued)

Electronic Equipment, Instruments & Components 0.88%
Murata Manufacturing Co. Ltd.		262,151	$	3,901,876

Entertainment 0.66%
Nintendo Co. Ltd.		35,400		2,958,692

Industrial Conglomerates 1.34%
Hitachi Ltd.		194,950		5,965,596

Insurance 1.21%
Sompo Holdings, Inc.		182,481		5,380,822

Machinery 0.43%
Kawasaki Heavy Industries Ltd.		26,400		1,928,072

Trading Companies & Distributors 1.18%
ITOCHU Corp.		99,975		5,243,948

Wireless Telecommunication Services 1.26%
KDDI Corp.		341,400		5,602,921
Total Japan				61,891,722

Mexico 1.26%

Banks
Grupo Financiero Banorte SAB de CV Class O		630,068		5,615,003

Netherlands 5.59%

Banks 1.87%
ING Groep NV		355,699		8,289,717

Chemicals 1.30%
Akzo Nobel NV		92,111		5,784,699

Insurance 2.42%
NN Group NV		160,035		10,776,052
Total Netherlands				24,850,468

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
Singapore 0.97%

Banks
United Overseas Bank Ltd.		155,008	$	4,306,546

South Korea 2.25%

Banks 1.05%
KB Financial Group, Inc.		58,807		4,672,108

Technology Hardware, Storage & Peripherals 1.20%
Samsung Electronics Co. Ltd.		104,799		5,340,970
Total South Korea				10,013,078

Spain 4.01%

Banks 1.40%
CaixaBank SA		664,115		6,248,197

Electric: Utilities 1.81%
Iberdrola SA		459,093		8,069,164

Information Technology Services 0.80%
Indra Sistemas SA^(a)		85,360		3,535,952
Total Spain				17,853,313

Sweden 2.09%

Commercial Services & Supplies 1.11%
Loomis AB		124,239		4,912,323

Machinery 0.98%
Volvo AB Class B		151,995		4,365,264
Total Sweden				9,277,587

Taiwan 1.02%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd.		117,514		4,524,201

Investments	Shares		U.S. $ Fair Value
United Kingdom 17.54%

Banks 4.39%
HSBC Holdings PLC		662,656	$	8,073,119
Lloyds Banking Group PLC		11,172,304		11,456,612
				19,529,731

Broadline Retail 1.06%
Next PLC		28,918		4,693,998

Capital Markets 1.51%
St. James’s Place PLC		391,124		6,731,585

Electric: Utilities 1.63%
SSE PLC		296,273		7,262,312

Health Care Equipment & Supplies 1.36%
Smith & Nephew PLC		395,535		6,044,940

Hotels, Restaurants & Leisure 0.92%
Entain PLC		304,652		4,091,086

Household Durables 0.80%
Persimmon PLC		234,647		3,538,180

Personal Care Products 1.73%
Unilever PLC		132,797		7,704,941

Pharmaceuticals 1.06%
Hikma Pharmaceuticals PLC		182,294		4,711,798

Residential REITS 0.83%
UNITE Group PLC		374,030		3,687,708

Tobacco 2.25%
Imperial Brands PLC		256,465		9,996,847
Total United Kingdom				77,993,126

United States 10.72%

Construction Materials 2.19%
CRH PLC		50,771		4,811,635
Holcim AG		61,515		4,905,816
				9,717,451

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2025

Investments	Shares		U.S. $ Fair Value
United States (continued)

Food Products 0.54%
Nestle SA Registered Shares		27,492	$	2,402,170

Oil, Gas & Consumable Fuels 4.51%
BP PLC		951,063		5,097,964
Shell PLC ADR		207,217		14,963,140
				20,061,104

Pharmaceuticals 3.48%
Novartis AG Registered Shares		78,482		8,938,083
Roche Holding AG		13,757		4,293,189
Sanofi SA		25,102		2,253,422
				15,484,694
Total United States				47,665,419
Total Common Stocks (cost $373,023,204)				433,707,017

	Principal Amount

SHORT-TERM INVESTMENTS 2.15%

Repurchase Agreements 1.39%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $6,175,100 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $6,287,831; proceeds: $6,165,082 (cost $6,164,397)	$	6,164,397		6,164,397

Time Deposits 0.08%
CitiBank N.A.^(b) (cost $338,800)		338,800		338,800

Investments	Shares		U.S. $ Fair Value
Money Market Funds 0.68%
Fidelity Government Portfolio^(b) (cost $3,049,200)		3,049,200	$	3,049,200
Total Short-Term Investments (cost $9,552,397)				9,552,397
Total Investments in Securities 99.68% (cost $382,575,601)				443,259,414
Other Assets and Liabilities – Net 0.32%				1,402,599
Net Assets 100.00%			$	444,662,013

ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
^†		Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2025, the total value of Rule 144A securities was $4,850,278, which represents 1.09% of net assets.
^(a)		All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
^(b)		Security was purchased with the cash collateral from loaned securities.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL VALUE FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	16,376,962	$	–	$	–	$	16,376,962
China		4,195,197		–		–		4,195,197
Ireland		5,401,539		6,746,973		–		12,148,512
Mexico		5,615,003		–		–		5,615,003
United States		14,963,140		32,702,279		–		47,665,419
Remaining Countries		–		347,705,924		–		347,705,924
Short-Term Investments
Repurchase Agreements		–		6,164,397		–		6,164,397
Time Deposits		–		338,800		–		338,800
Money Market Funds		3,049,200		–		–		3,049,200
Total	$	49,601,041	$	393,658,373	$	–	$	443,259,414

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

MICRO CAP GROWTH FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.16%

COMMON STOCKS 99.16%

Aerospace & Defense 6.18%
Kratos Defense & Security Solutions, Inc.*		82,272	$	4,829,366
Mercury Systems, Inc.*		43,396		2,282,196
TAT Technologies Ltd. (Israel)*^(a)		77,977		2,687,477
Voyager Technologies, Inc. Class A*		32,050		1,282,641
Total				11,081,680

Beverages 1.93%
Vita Coco Co., Inc.*		98,203		3,462,638

Biotechnology 11.08%
Arcellx, Inc.*		15,749		1,124,321
BioCryst Pharmaceuticals, Inc.*		129,336		1,052,795
Celcuity, Inc.*		33,293		1,303,921
Mirum Pharmaceuticals, Inc.*		85,190		4,402,619
Rhythm Pharmaceuticals, Inc.*		48,066		4,096,665
Scholar Rock Holding Corp.*		112,500		4,168,125
Soleno Therapeutics, Inc.*		32,502		2,810,448
Travere Therapeutics, Inc.*		58,167		898,680
Total				19,857,574

Capital Markets 2.85%
Marex Group PLC (United Kingdom)^(a)		51,745		1,996,322
Piper Sandler Cos.		9,868		3,111,578
Total				5,107,900

Chemicals 1.26%
Hawkins, Inc.		13,867		2,264,204

Investments	Shares		Fair Value
Commercial Services & Supplies 2.14%
CECO Environmental Corp.*	15,095	$	678,520
VSE Corp.	20,217		3,164,769
Total			3,843,289

Communications Equipment 2.00%
Calix, Inc.*	63,374		3,592,672

Construction & Engineering 9.83%
Argan, Inc.	20,912		5,123,022
Limbach Holdings, Inc.*	25,464		3,488,568
Primoris Services Corp.	48,252		4,543,891
Sterling Infrastructure, Inc.*	16,684		4,464,471
Total			17,619,952

Consumer Finance 1.45%
Dave, Inc.*	11,015		2,597,337

Consumer Staples Distribution & Retail 3.73%
Chefs’ Warehouse, Inc.*	48,193		3,304,112
Natural Grocers by Vitamin Cottage, Inc.	89,310		3,383,956
Total			6,688,068

Diversified Consumer Services 5.88%
American Public Education, Inc.*	45,750		1,350,540
Lincoln Educational Services Corp.*	62,964		1,439,987
OneSpaWorld Holdings Ltd. (Bahamas)^(a)	95,057		2,102,661
Stride, Inc.*	10,996		1,410,017
Universal Technical Institute, Inc.*	131,604		4,240,281
Total			10,543,486

Electrical Equipment 1.32%
Powell Industries, Inc.	9,995		2,369,815

Electronic Equipment, Instruments & Components 4.70%
Bel Fuse, Inc. Class B	17,592		2,287,664
OSI Systems, Inc.*	14,862		3,284,651
PAR Technology Corp.*	46,858		2,848,029
Total			8,420,344

38	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

MICRO CAP GROWTH FUND July 31, 2025

Investments	Shares		Fair Value
Entertainment 1.48%
IMAX Corp. (Canada)*^(a)		102,645	$	2,647,215

Financial Services 2.90%
Paymentus Holdings, Inc. Class A*		130,606		3,641,295
Sezzle, Inc.*		10,024		1,552,116
Total				5,193,411

Food Products 1.44%
Vital Farms, Inc.*		69,270		2,576,844

Health Care Equipment & Supplies 5.53%
Artivion, Inc.*		79,290		2,450,854
Beta Bionics, Inc.*^(b)		102,505		1,721,059
Ceribell, Inc.*		71,520		1,029,888
Kestra Medical Technologies Ltd.*^(b)		73,747		1,216,825
NeuroPace, Inc.*		98,878		841,452
PROCEPT BioRobotics Corp.*		15,966		774,511
TransMedics Group, Inc.*		6,981		830,529
UFP Technologies, Inc.*		4,595		1,040,262
Total				9,905,380

Health Care Providers & Services 2.25%
GeneDx Holdings Corp.*		27,802		2,834,414
Omada Health, Inc.*		68,729		1,204,132
Total				4,038,546

Health Care Technology 1.15%
Phreesia, Inc.*		76,130		2,052,465

Information Technology Services 0.71%
Grid Dynamics Holdings, Inc.*		133,174		1,263,821

Insurance 0.69%
TWFG, Inc.*		40,143		1,239,214

Interactive Media & Services 1.92%
Grindr, Inc.*		196,842		3,440,798

Investments	Shares		Fair Value
Life Sciences Tools & Services 1.68%
Adaptive Biotechnologies Corp.*		293,739	$	3,007,887

Media 1.60%
MNTN, Inc. Class A*^(b)		101,738		2,864,942

Oil, Gas & Consumable Fuels 1.20%
Centrus Energy Corp. Class A*		9,996		2,153,138

Personal Care Products 1.98%
Oddity Tech Ltd. Class A (Israel)*^(a)		50,703		3,552,759

Pharmaceuticals 2.47%
LENZ Therapeutics, Inc.*^(b)		32,319		962,137
Tarsus Pharmaceuticals, Inc.*		79,964		3,104,202
Zevra Therapeutics, Inc.*		33,200		368,852
Total				4,435,191

Professional Services 5.31%
BlackSky Technology, Inc.*		16,390		315,343
CRA International, Inc.		18,207		3,216,449
Huron Consulting Group, Inc.*		15,023		1,984,238
Willdan Group, Inc.*		46,917		4,002,020
Total				9,518,050

Semiconductors & Semiconductor Equipment 2.38%
Ambarella, Inc.*		16,979		1,122,142
Credo Technology Group Holding Ltd.*		28,263		3,152,738
Total				4,274,880

Software 9.49%
Agilysys, Inc.*		22,493		2,566,001
Alkami Technology, Inc.*		81,231		1,810,639
Amplitude, Inc. Class A*		109,680		1,341,386
D-Wave Quantum, Inc. (Canada)*^(a)		49,542		851,627
Life360, Inc.*		58,928		4,513,296

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

MICRO CAP GROWTH FUND July 31, 2025

Investments	Shares		Fair Value
Software (continued)
Opera Ltd. ADR		170,793	$	2,830,040
Red Violet, Inc.		28,672		1,271,030
Viant Technology, Inc. Class A*		69,793		1,011,999
Weave Communications, Inc.*		111,660		815,118
Total				17,011,136

Specialty Retail 0.63%
Warby Parker, Inc. Class A*		47,127		1,128,692
Total Common Stocks (cost $129,369,834)				177,753,328

	Principal Amount

SHORT-TERM INVESTMENTS 1.83%

Repurchase Agreements 0.35%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $625,100 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $636,562; proceeds: $624,036 (cost $623,967)	$	623,967		623,967

Time Deposits 0.15%
CitiBank N.A.^(c) (cost $265,720)		265,720		265,720

Investments	Shares		Fair Value
Money Market Funds 1.33%
Fidelity Government Portfolio^(c) (cost $2,391,476)		2,391,476	$	2,391,476
Total Short-Term Investments (cost $3,281,163)				3,281,163
Total Investments in Securities 100.99% (cost $132,650,997)				181,034,491
Other Assets and Liabilities – Net (0.99)%				(1,775,231	)
Net Assets 100.00%			$	179,259,260

ADR		American Depositary Receipt.
*		Non-income producing security.
^(a)		Foreign security traded in U.S. dollars.
^(b)		All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
^(c)		Security was purchased with the cash collateral from loaned securities.

40	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

MICRO CAP GROWTH FUND July 31, 2025

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	177,753,328	$	–	$	–	$	177,753,328
Short-Term Investments
Repurchase Agreements		–		623,967		–		623,967
Time Deposits		–		265,720		–		265,720
Money Market Funds		2,391,476		–		–		2,391,476
Total	$	180,144,804	$	889,687	$	–	$	181,034,491

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

VALUE OPPORTUNITIES FUND July 31, 2025

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.14%

COMMON STOCKS 99.14%

Aerospace & Defense 2.02%
Curtiss-Wright Corp.		46,469	$	22,780,033

Banks 5.12%
East West Bancorp, Inc.		212,295		21,282,573
First BanCorp		887,513		18,486,896
Wintrust Financial Corp.		139,805		17,892,244
Total				57,661,713

Beverages 1.25%
Coca-Cola Consolidated, Inc.		126,136		14,095,698

Biotechnology 1.10%
United Therapeutics Corp.*		44,914		12,337,876

Building Products 3.22%
A.O. Smith Corp.		239,695		16,968,009
Allegion PLC (Ireland)^(a)		116,128		19,267,958
Total				36,235,967

Capital Markets 7.52%
Cboe Global Markets, Inc.		83,267		20,070,678
Moelis & Co. Class A		282,369		19,805,362
SEI Investments Co.		262,019		23,089,114
TPG, Inc.		381,385		21,765,642
Total				84,730,796

Chemicals 1.15%
Avient Corp.		410,431		12,957,307

Commercial Services & Supplies 1.51%
Brady Corp. Class A		241,394		17,035,175

Construction & Engineering 3.46%
AECOM		146,138		16,475,598
EMCOR Group, Inc.		35,892		22,521,871
Total				38,997,469

Construction Materials 1.03%
Eagle Materials, Inc.		51,898		11,640,202

Investments	Shares		Fair Value
Consumer Staples Distribution & Retail 3.06%
BJ’s Wholesale Club Holdings, Inc.*		167,966	$	17,787,600
Maplebear, Inc.*		347,088		16,649,811
Total				34,437,411

Electric: Utilities 1.81%
IDACORP, Inc.		162,355		20,347,952

Electronic Equipment, Instruments & Components 9.09%
Advanced Energy Industries, Inc.		139,410		19,366,837
Belden, Inc.		198,885		24,592,130
Jabil, Inc.		102,561		22,888,539
Littelfuse, Inc.		77,649		19,981,417
TD SYNNEX Corp.		108,477		15,662,994
Total				102,491,917

Energy Equipment & Services 2.05%
TechnipFMC PLC (United Kingdom)^(a)		636,648		23,154,888

Ground Transportation 1.35%
Landstar System, Inc.		114,336		15,248,992

Health Care Equipment & Supplies 2.71%
Globus Medical, Inc. Class A*		257,091		13,530,699
Integer Holdings Corp.*		156,968		17,032,598
Total				30,563,297

Health Care Providers & Services 1.33%
Labcorp Holdings, Inc.		57,818		15,037,305

Hotels, Restaurants & Leisure 3.00%
Choice Hotels International, Inc.^(b)		103,073		13,163,453
Texas Roadhouse, Inc.		111,446		20,631,998
Total				33,795,451

Industrial REITS 1.43%
First Industrial Realty Trust, Inc.		330,833		16,118,184

42	See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

VALUE OPPORTUNITIES FUND July 31, 2025

Investments	Shares		Fair Value
Insurance 6.96%
American Financial Group, Inc.		172,194	$	21,507,031
RenaissanceRe Holdings Ltd.		86,249		21,022,331
Ryan Specialty Holdings, Inc.		266,464		16,304,932
White Mountains Insurance Group Ltd.		10,978		19,626,468
Total				78,460,762

Leisure Products 2.65%
Acushnet Holdings Corp.		225,510		17,955,106
YETI Holdings, Inc.*		325,054		11,942,484
Total				29,897,590

Life Sciences Tools & Services 2.13%
Azenta, Inc.*		389,498		12,736,585
Bio-Techne Corp.		206,652		11,310,064
Total				24,046,649

Machinery 5.73%
AGCO Corp.		159,578		18,825,417
Crane Co.		106,652		20,879,262
Lincoln Electric Holdings, Inc.		102,313		24,913,215
Total				64,617,894

Metals & Mining 1.04%
Reliance, Inc.		40,551		11,765,062

Multi-Utilities 1.59%
CMS Energy Corp.		242,620		17,905,356

Oil, Gas & Consumable Fuels 3.23%
Expand Energy Corp.		172,327		18,056,423
Permian Resources Corp.		1,297,049		18,366,214
Total				36,422,637

Personal Care Products 1.08%
Interparfums, Inc.		100,900		12,168,540

Investments	Shares		Fair Value
Professional Services 4.62%
CACI International, Inc. Class A*	39,167	$	18,039,145
Genpact Ltd.	408,861		18,010,327
Paylocity Holding Corp.*	86,593		16,009,314
Total			52,058,786

Real Estate Management & Development 1.04%
Marcus & Millichap, Inc.	377,549		11,764,427

Residential REITS 0.89%
American Homes 4 Rent Class A	288,660		10,013,615

Semiconductors & Semiconductor Equipment 3.66%
Nova Ltd. (Israel)*^(a)	50,797		13,338,784
Silicon Motion Technology Corp. ADR	364,264		27,880,767
Total			41,219,551

Software 6.47%
Commvault Systems, Inc.*	120,083		22,809,766
Descartes Systems Group, Inc. (Canada)*^(a)	203,545		21,526,919
Docusign, Inc.*	179,696		13,592,205
Dolby Laboratories, Inc. Class A	198,709		14,970,736
Total			72,899,626

Specialty Retail 1.82%
Dick’s Sporting Goods, Inc.	97,060		20,529,161

Textiles, Apparel & Luxury Goods 1.33%
Ralph Lauren Corp.	50,292		15,024,735

Trading Companies & Distributors 1.69%
AerCap Holdings NV (Ireland)^(a)	177,328		19,018,428
Total Common Stocks (cost $862,575,155)			1,117,480,452

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

VALUE OPPORTUNITIES FUND July 31, 2025

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.21%

Repurchase Agreements 1.05%
Repurchase Agreement dated 7/31/2025, 4.000% due 8/1/2025 with Fixed Income Clearing Corp. collateralized by $11,832,800 of U.S. Treasury Note at 4.500% due 5/15/2027; value: $12,048,721; proceeds: $11,813,696 (cost $11,812,384)	$	11,812,384	$	11,812,384

Time Deposits 0.01%
CitiBank N.A.^(c) (cost $185,046)		185,046		185,046

Investments	Shares		Fair Value
Money Market Funds 0.15%
Fidelity Government Portfolio^(c) (cost $1,665,413)		1,665,413	$	1,665,413
Total Short-Term Investments (cost $13,662,843)				13,662,843
Total Investments in Securities 100.35% (cost $876,237,998)				1,131,143,295
Other Assets and Liabilities – Net (0.35)%				(3,903,026	)
Net Assets 100.00%			$	1,127,240,269

ADR		American Depositary Receipt.
REITS		Real Estate Investment Trusts.
*		Non-income producing security.
^(a)		Foreign security traded in U.S. dollars.
^(b)		All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
^(c)		Security was purchased with the cash collateral from loaned securities.

The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type⁽²⁾	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	1,117,480,452	$	–	$	–	$	1,117,480,452
Short-Term Investments
Repurchase Agreements		–		11,812,384		–		11,812,384
Time Deposits		–		185,046		–		185,046
Money Market Funds		1,665,413		–		–		1,665,413
Total	$	1,119,145,865	$	11,997,430	$	–	$	1,131,143,295

⁽¹⁾		Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.
⁽²⁾		See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

44	See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1.	ORGANIZATION

Lord Abbett Securities Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company and was organized as a Delaware statutory trust on February 26, 1993. The Trust consists of the following thirteen funds (separately, a “Fund” and collectively, the “Funds”): Lord Abbett Alpha Strategy Fund (“Alpha Strategy Fund”), Lord Abbett Focused Growth Fund (“Focused Growth Fund”), Lord Abbett Focused Large Cap Value Fund (“Focused Large Cap Value Fund”), Lord Abbett Focused Small Cap Value (“Focused Small Cap Value Fund”), Lord Abbett Fundamental Equity Fund (“Fundamental Equity Fund”), Lord Abbett Global Equity Fund (“Global Equity Fund”), Lord Abbett Growth Leaders Fund (“Growth Leaders Fund”), Lord Abbett Health Care Fund (“Health Care Fund”), Lord Abbett International Equity Fund (“International Equity Fund”), Lord Abbett International Opportunities Fund (“International Opportunities Fund”), Lord Abbett International Value Fund (“International Value Fund”), Lord Abbett Micro-Cap Growth Fund (“Micro Cap Growth Fund”) and Lord Abbett Value Opportunities Fund (“Value Opportunities Fund”). All funds are diversified except Focused Growth Fund. Effective February 7, 2025, the Focused Large Cap Value Fund’s classification changed from non-diversified to diversified.

Each of Focused Large Cap Value Fund’s, Global Equity Fund’s, Health Care Fund’s and International Equity Fund’s investment objective is to seek long-term capital appreciation. Alpha Strategy Fund’s, Focused Small Cap Value Fund’s, International Opportunities Fund’s, Micro Cap Growth Fund’s and Value Opportunities Fund’s investment objective is long-term capital appreciation. Alpha Strategy Fund invests principally in other funds (“Underlying Funds”) managed by Lord, Abbett & Co. LLC (“Lord Abbett”). Fundamental Equity Fund’s investment objective is long-term growth of capital and income without excessive fluctuations in market value. Growth Leaders Fund’s and Focused Growth Fund’s investment objective is to seek capital appreciation. International Value Fund’s investment objective is to seek a high level of total return.

2.	SIGNIFICANT ACCOUNTING POLICIES

(a)	Investment Valuation–Under procedures approved by the Funds’ Board of Trustees (the “Board”), the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord Abbett, as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a pricing committee (the “Pricing Committee”) that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

	Securities actively traded on any recognized U.S. or non-U.S. exchange or on the NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other

Notes to Schedule of Investments (unaudited)(continued)

	instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and ask prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and ask prices is used. Investments in the Underlying Funds are valued at their net asset value (“NAV”) each business day at the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time.

	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.

	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day.

(b)	Fair Value Measurements–Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy 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. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. 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 the reporting entity’s own 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 three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

●	Level 1 -	unadjusted quoted prices in active markets for identical investments;

●	Level 2 -	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and

●	Level 3 -	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing each Fund’s investments as of July 31, 2025 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

Notes to Schedule of Investments (unaudited)(continued)

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3.	FEDERAL TAX INFORMATION

It is the policy of each Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statute of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

4.	SECURITIES LENDING AGREEMENT

The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Funds is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

As of July 31, 2025, the market value of securities loaned and collateral received were as follows:

Funds	Market Value of Securities Loaned	Collateral Received
International Equity Fund	$1,988,352	$ 2,112,000
International Opportunities Fund	97,575	103,084
International Value Fund	3,189,648	3,388,000
Micro Cap Growth Fund	2,565,438	2,657,196
Value Opportunities Fund	1,770,316	1,850,459

Notes to Schedule of Investments (unaudited)(concluded)

5.	TRANSACTIONS WITH AFFILIATED FUNDS

An affiliated fund is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying fund at any point during the fiscal year or any company which is under common ownership or control. Alpha Strategy Fund had the following transactions with affiliated funds during the period ended July 31, 2025:

Affiliated funds	Value at 10/31/2024		Purchases at Cost		Proceeds from Sales		Net Realized Gain/(Loss)			Net Change in Appreciation/ (Depreciation)			Value at 7/31/2025		Shares as of 7/31/2025		Dividend Income		Capital Gain Distributions
Lord Abbett Developing Growth Fund, Inc. - Class I	$	125,631,946	$	418,573	$	8,356,903	$	2,231,415		$	1,813,441		$	121,738,472		4,063,367	$	260,643	$	–
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I		62,738,156		4,086,825		3,413,661		(101,677	)		(4,002,286	)		59,307,357		2,072,235		–		4,086,825
Lord Abbett Securities Trust - International Opportunities Fund - Class I		120,425,318		2,534,129		20,557,775		4,095,981			9,699,988			116,197,641		5,257,812		2,382,740		–
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I		64,645,294		180,090		7,100,497		2,684,742			(589,322	)		59,820,307		2,854,022		–		–
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I		126,277,568		9,548,504		9,036,658		(646,725	)		(8,294,155	)		117,848,534		5,759,948		247,791		9,300,714
Lord Abbett Securities Trust - Value Opportunities Fund - Class I		127,069,955		7,940,777		7,053,757		210,120			(9,955,873	)		118,211,222		5,940,262		259,151		7,681,626
Total	$	626,788,237	$	24,708,898	$	55,519,251	$	8,473,856		$	(11,328,207	)	$	593,123,533			$	3,150,325	$	21,069,165

Investments in Underlying Funds (unaudited)

Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of July 31, 2025, Alpha Strategy Fund’s long-term investments were allocated among the Underlying Funds as follows:

Underlying Fund Name	%
Lord Abbett Developing Growth Fund, Inc. - Class I	20.52%
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I	19.87%
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I	10.00%
Lord Abbett Securities Trust - International Opportunities Fund - Class I	19.59%
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I	10.09%
Lord Abbett Securities Trust - Value Opportunities Fund - Class I	19.93%
Total	100.00%

Each Underlying Fund’s annual and semiannual reports, which are sent to shareholders and filed with the SEC, contain information about the Underlying Fund’s portfolio holdings, including a complete schedule of holdings. A complete schedule of holdings for each Underlying Fund is also filed with the SEC on Form N-PORT as of the end of each respective Underlying Fund’s first and third quarters. In addition, on or about the first day of the second month following each calendar quarter-end, each Fund makes publicly available a complete schedule of its portfolio holdings as of the last day of each such quarter. The information for the most recently ended calendar quarter may be viewed at www.lordabbett.com or requested at no charge by calling Lord Abbett at 888-522-2388.

QPHR-SET-3Q
(09/25)