|
Security
|
|
|
|
Shares
|
Value
|
|
Common Stocks — 100.0%
|
|||||
|
Communication Services — 3.7%
|
|||||
|
Entertainment — 2.8%
|
|||||
|
Live Nation Entertainment Inc.
|
|
42,841
|
$6,231,223
*
|
||
|
ROBLOX Corp., Class A Shares
|
|
27,100
|
1,782,096
*
|
||
|
Total Entertainment
|
8,013,319
|
||||
|
Interactive Media & Services — 0.9%
|
|||||
|
Reddit Inc., Class A Shares
|
|
13,902
|
2,506,114
*
|
||
|
|
|||||
|
Total Communication Services
|
10,519,433
|
||||
|
Consumer Discretionary — 18.5%
|
|||||
|
Broadline Retail — 1.6%
|
|||||
|
MercadoLibre Inc.
|
|
2,148
|
4,613,453
*
|
||
|
Hotels, Restaurants & Leisure — 10.6%
|
|||||
|
Cava Group Inc.
|
|
37,400
|
2,267,188
*
|
||
|
DraftKings Inc., Class A Shares
|
|
61,067
|
1,679,953
*
|
||
|
Expedia Group Inc.
|
|
24,717
|
6,546,050
|
||
|
Hilton Worldwide Holdings Inc.
|
|
22,314
|
6,660,952
|
||
|
Royal Caribbean Cruises Ltd.
|
|
19,313
|
6,269,966
|
||
|
Viking Holdings Ltd.
|
|
25,500
|
1,839,825
*
|
||
|
Wingstop Inc.
|
|
17,400
|
4,618,482
|
||
|
Total Hotels, Restaurants & Leisure
|
29,882,416
|
||||
|
Household Durables — 0.9%
|
|||||
|
Somnigroup International Inc.
|
|
27,600
|
2,424,660
|
||
|
Specialty Retail — 5.4%
|
|||||
|
Burlington Stores Inc.
|
|
21,437
|
6,342,351
*
|
||
|
Carvana Co.
|
|
13,799
|
5,534,917
*
|
||
|
Chewy Inc., Class A Shares
|
|
118,427
|
3,447,410
*
|
||
|
Total Specialty Retail
|
15,324,678
|
||||
|
|
|||||
|
Total Consumer Discretionary
|
52,245,207
|
||||
|
Consumer Staples — 4.4%
|
|||||
|
Consumer Staples Distribution & Retail — 4.4%
|
|||||
|
Casey’s General Stores Inc.
|
|
10,905
|
6,613,882
|
||
|
Performance Food Group Co.
|
|
59,213
|
5,651,881
*
|
||
|
|
|||||
|
Total Consumer Staples
|
12,265,763
|
||||
|
Energy — 4.4%
|
|||||
|
Energy Equipment & Services — 1.6%
|
|||||
|
Baker Hughes Co.
|
|
79,231
|
4,440,105
|
||
|
Oil, Gas & Consumable Fuels — 2.8%
|
|||||
|
Diamondback Energy Inc.
|
|
19,978
|
3,275,393
|
||
|
EQT Corp.
|
|
81,148
|
4,684,674
|
||
|
Total Oil, Gas & Consumable Fuels
|
7,960,067
|
||||
|
|
|||||
|
Total Energy
|
12,400,172
|
||||
|
Financials — 6.5%
|
|||||
|
Capital Markets — 5.6%
|
|||||
|
Ares Management Corp., Class A Shares
|
|
22,141
|
3,313,843
|
||
|
MSCI Inc.
|
|
7,003
|
4,266,368
|
||
|
Raymond James Financial Inc.
|
|
25,127
|
4,167,564
|
||
|
Robinhood Markets Inc., Class A Shares
|
|
16,700
|
1,661,316
*
|
||
|
Security
|
|
|
|
Shares
|
Value
|
|
|
|||||
|
Capital Markets — continued
|
|||||
|
Tradeweb Markets Inc., Class A Shares
|
|
23,211
|
$2,392,357
|
||
|
Total Capital Markets
|
15,801,448
|
||||
|
Financial Services — 0.4%
|
|||||
|
Shift4 Payments Inc., Class A Shares
|
|
22,141
|
1,307,205
*
|
||
|
Insurance — 0.5%
|
|||||
|
Ryan Specialty Holdings Inc.
|
|
27,496
|
1,327,507
|
||
|
|
|||||
|
Total Financials
|
18,436,160
|
||||
|
Health Care — 15.4%
|
|||||
|
Biotechnology — 3.8%
|
|||||
|
Alnylam Pharmaceuticals Inc.
|
|
8,959
|
3,028,680
*
|
||
|
Argenx SE, ADR
|
|
4,918
|
4,133,579
*
|
||
|
Natera Inc.
|
|
15,138
|
3,498,997
*
|
||
|
Total Biotechnology
|
10,661,256
|
||||
|
Health Care Equipment & Supplies — 5.1%
|
|||||
|
IDEXX Laboratories Inc.
|
|
8,656
|
5,803,502
*
|
||
|
Insulet Corp.
|
|
13,678
|
3,498,969
*
|
||
|
STERIS PLC
|
|
19,632
|
5,155,363
|
||
|
Total Health Care Equipment & Supplies
|
14,457,834
|
||||
|
Health Care Providers & Services — 1.7%
|
|||||
|
Cencora Inc.
|
|
13,593
|
4,882,877
|
||
|
Health Care Technology — 1.3%
|
|||||
|
Doximity Inc., Class A Shares
|
|
94,594
|
3,544,437
*
|
||
|
Life Sciences Tools & Services — 3.5%
|
|||||
|
Bio-Techne Corp.
|
|
48,541
|
3,110,993
|
||
|
ICON PLC
|
|
15,653
|
2,821,453
*
|
||
|
Mettler-Toledo International Inc.
|
|
2,895
|
3,975,530
*
|
||
|
Total Life Sciences Tools & Services
|
9,907,976
|
||||
|
|
|||||
|
Total Health Care
|
43,454,380
|
||||
|
Industrials — 24.3%
|
|||||
|
Aerospace & Defense — 4.1%
|
|||||
|
Axon Enterprise Inc.
|
|
9,000
|
4,352,220
*
|
||
|
Howmet Aerospace Inc.
|
|
20,596
|
4,285,616
|
||
|
Kratos Defense & Security Solutions Inc.
|
|
15,500
|
1,596,655
*
|
||
|
Rocket Lab Corp.
|
|
15,800
|
1,265,106
*
|
||
|
Total Aerospace & Defense
|
11,499,597
|
||||
|
Air Freight & Logistics — 0.9%
|
|||||
|
GXO Logistics Inc.
|
|
42,210
|
2,388,664
*
|
||
|
Building Products — 0.6%
|
|||||
|
Advanced Drainage Systems Inc.
|
|
11,637
|
1,769,290
|
||
|
Commercial Services & Supplies — 2.6%
|
|||||
|
Clean Harbors Inc.
|
|
13,902
|
3,613,269
*
|
||
|
Copart Inc.
|
|
94,241
|
3,824,300
*
|
||
|
Total Commercial Services & Supplies
|
7,437,569
|
||||
|
Construction & Engineering — 3.2%
|
|||||
|
API Group Corp.
|
|
50,000
|
2,078,500
*
|
||
|
Comfort Systems USA Inc.
|
|
3,604
|
4,116,128
|
||
|
Security
|
|
|
|
Shares
|
Value
|
|
|
|||||
|
Construction & Engineering — continued
|
|||||
|
WillScot Holdings Corp.
|
|
141,334
|
$2,830,920
|
||
|
Total Construction & Engineering
|
9,025,548
|
||||
|
Electrical Equipment — 4.7%
|
|||||
|
AMETEK Inc.
|
|
18,227
|
4,082,483
|
||
|
Vertiv Holdings Co., Class A Shares
|
|
48,900
|
9,104,202
|
||
|
Total Electrical Equipment
|
13,186,685
|
||||
|
Ground Transportation — 1.4%
|
|||||
|
XPO Inc.
|
|
25,739
|
3,812,203
*
|
||
|
Machinery — 2.6%
|
|||||
|
RBC Bearings Inc.
|
|
14,579
|
7,284,689
*
|
||
|
Professional Services — 0.8%
|
|||||
|
Verisk Analytics Inc.
|
|
10,916
|
2,373,793
|
||
|
Trading Companies & Distributors — 3.4%
|
|||||
|
Ferguson Enterprises Inc.
|
|
12,975
|
3,275,669
|
||
|
United Rentals Inc.
|
|
8,183
|
6,399,597
|
||
|
Total Trading Companies & Distributors
|
9,675,266
|
||||
|
|
|||||
|
Total Industrials
|
68,453,304
|
||||
|
Information Technology — 16.2%
|
|||||
|
Electronic Equipment, Instruments & Components — 1.5%
|
|||||
|
Teledyne Technologies Inc.
|
|
6,488
|
4,024,507
*
|
||
|
IT Services — 1.2%
|
|||||
|
Cloudflare Inc., Class A Shares
|
|
7,620
|
1,351,407
*
|
||
|
MongoDB Inc.
|
|
5,561
|
2,064,966
*
|
||
|
Total IT Services
|
3,416,373
|
||||
|
Semiconductors & Semiconductor Equipment — 4.4%
|
|||||
|
Entegris Inc.
|
|
19,696
|
2,325,507
|
||
|
Monolithic Power Systems Inc.
|
|
9,034
|
10,155,571
|
||
|
Total Semiconductors & Semiconductor Equipment
|
12,481,078
|
||||
|
Software — 8.2%
|
|||||
|
AppLovin Corp., Class A Shares
|
|
8,683
|
4,108,014
*
|
||
|
Datadog Inc., Class A Shares
|
|
41,642
|
5,385,143
*
|
||
|
DocuSign Inc.
|
|
24,513
|
1,287,913
*
|
||
|
Fortinet Inc.
|
|
20,466
|
1,663,067
*
|
||
|
Guidewire Software Inc.
|
|
11,534
|
1,623,526
*
|
||
|
HubSpot Inc.
|
|
11,033
|
3,089,240
*
|
||
|
Monday.com Ltd.
|
|
13,593
|
1,559,797
*
|
||
|
Rubrik Inc., Class A Shares
|
|
59,610
|
3,335,179
*
|
||
|
SailPoint Inc.
|
|
71,766
|
1,126,009
*
|
||
|
Total Software
|
23,177,888
|
||||
|
Technology Hardware, Storage & Peripherals — 0.9%
|
|||||
|
Pure Storage Inc., Class A Shares
|
|
34,859
|
2,424,095
*
|
||
|
|
|||||
|
Total Information Technology
|
45,523,941
|
||||
|
Materials — 2.3%
|
|||||
|
Construction Materials — 2.3%
|
|||||
|
Martin Marietta Materials Inc.
|
|
9,976
|
6,503,853
|
||
|
Security
|
|
|
|
Shares
|
Value
|
|
|
|||||
|
Real Estate — 2.0%
|
|||||
|
Real Estate Management & Development — 1.3%
|
|||||
|
CoStar Group Inc.
|
|
29,870
|
$1,837,005
*
|
||
|
Jones Lang LaSalle Inc.
|
|
5,355
|
1,916,608
*
|
||
|
Total Real Estate Management & Development
|
3,753,613
|
||||
|
Specialized REITs — 0.7%
|
|||||
|
SBA Communications Corp.
|
|
10,372
|
1,909,589
|
||
|
|
|||||
|
Total Real Estate
|
5,663,202
|
||||
|
Utilities — 2.3%
|
|||||
|
Independent Power and Renewable Electricity Producers — 2.3%
|
|||||
|
Vistra Corp.
|
|
40,980
|
6,489,183
|
||
|
Total Investments before Short-Term Investments (Cost — $197,148,978)
|
281,954,598
|
||||
|
|
|
Rate
|
|
|
|
|
Short-Term Investments — 0.1%
|
|||||
|
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class
|
3.496%
|
|
192,666
|
192,666
(a)
|
|
|
Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
|
3.587%
|
|
192,666
|
192,666
(a)(b)
|
|
|
|
|||||
|
Total Short-Term Investments (Cost — $385,332)
|
385,332
|
||||
|
Total Investments — 100.1% (Cost — $197,534,310)
|
282,339,930
|
||||
|
Liabilities in Excess of Other Assets — (0.1)%
|
(261,161
)
|
||||
|
Total Net Assets — 100.0%
|
$282,078,769
|
||||
|
*
|
Non-income producing security.
|
|
(a)
|
Rate shown is one-day yield as of the end of the reporting period.
|
|
(b)
|
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding
voting securities of an issuer, or a company which is under common ownership or control
with the Fund. At January 31, 2026, the total market value of
investments in Affiliated Companies was $192,666 and the cost was $192,666 (Note 2).
|
|
Abbreviation(s) used in this schedule:
|
||
|
ADR
|
—
|
American Depositary Receipts
|
|
ASSETS
|
||||
|
Description
|
Quoted Prices
(Level 1)
|
Other Significant
Observable Inputs
(Level 2)
|
Significant
Unobservable
Inputs
(Level 3)
|
Total
|
|
Common Stocks†
|
$281,954,598
|
—
|
—
|
$281,954,598
|
|
Short-Term Investments†
|
385,332
|
—
|
—
|
385,332
|
|
Total Investments
|
$282,339,930
|
—
|
—
|
$282,339,930
|
|
†
|
See Schedule of Investments for additional detailed categorizations.
|
|
|
Affiliate
Value at
October 31, 2025
|
Purchased
|
Sold
|
||
|
Cost
|
Shares
|
Proceeds
|
Shares
|
||
|
Western Asset Premier
Institutional U.S.
Treasury Reserves,
Premium Shares
|
$3,035,799
|
$3,315,132
|
3,315,132
|
$6,158,265
|
6,158,265
|
|
(cont’d)
|
Realized
Gain (Loss)
|
Dividend
Income
|
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
|
Affiliate
Value at
January 31,
2026
|
|
Western Asset Premier
Institutional U.S. Treasury
Reserves, Premium Shares
|
—
|
$12,303
|
—
|
$192,666
|