|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Fixed Income Securities (97.3%)
|
|
|
|
|
Corporate Bonds (97.3%)
|
|
|
|
|
Finance (39.4%)
|
|
|
|
|
Aircastle Ltd./Aircastle Ireland DAC,
|
|
|
|
|
5.25%, 3/15/30 (a) |
$
|
600
|
$604
|
|
5.75%, 10/1/31 (a) |
|
550
|
563
|
|
Ally Financial, Inc.,
|
|
|
|
|
5.55%, 7/31/33 |
|
325
|
322
|
|
American National Group, Inc.,
|
|
|
|
|
6.00%, 7/15/35 |
|
250
|
249
|
|
7.00%, 12/1/55 |
|
475
|
464
|
|
Antares Holdings LP,
|
|
|
|
|
6.63%, 6/10/31 (a) |
|
250
|
250
|
|
Apollo Global Management, Inc.,
|
|
|
|
|
5.70%, 3/30/36 |
|
175
|
176
|
|
Aviation Capital Group LLC,
|
|
|
|
|
4.88%, 1/28/33 (a) |
|
450
|
438
|
|
Avolon Holdings Funding Ltd.,
|
|
|
|
|
4.85%, 4/1/33 (a) |
|
200
|
194
|
|
4.95%, 1/15/28 (a) |
|
650
|
652
|
|
5.75%, 11/15/29 (a) |
|
75
|
77
|
|
Bain Capital Specialty Finance, Inc.,
|
|
|
|
|
5.95%, 3/1/31 |
|
675
|
653
|
|
Banco Mercantil del Norte SA,
|
|
|
|
|
8.00%, 1/24/33 (a)(b) |
|
755
|
757
|
|
Banco Santander SA,
|
|
|
|
|
5.13%, 11/6/35 |
|
400
|
392
|
|
5.44%, 7/15/31 |
|
800
|
820
|
|
Bank of America Corp.,
|
|
|
|
|
5.29%, 4/25/34 |
|
1,175
|
1,191
|
|
5.87%, 9/15/34 |
|
2,950
|
3,084
|
|
Bank of New York Mellon Corp.,
|
|
|
|
|
Series J
|
|
|
|
|
4.97%, 4/26/34 |
|
705
|
704
|
|
Bank of Nova Scotia,
|
|
|
|
|
4.81%, 2/2/34 |
|
175
|
172
|
|
8.00%, 1/27/84 |
|
475
|
501
|
|
Barclays PLC,
|
|
|
|
|
5.59%, 6/26/37 |
|
475
|
475
|
|
BBVA Mexico SA Institucion De Banca
Multiple Grupo Financiero BBVA Mexico,
|
|
|
|
|
7.63%, 2/11/35 (a) |
|
200
|
207
|
|
8.45%, 6/29/38 (a) |
|
200
|
216
|
|
Belrose Funding Trust II,
|
|
|
|
|
6.79%, 5/15/55 (a) |
|
250
|
256
|
|
Blue Owl Finance LLC,
|
|
|
|
|
6.25%, 4/18/34 |
|
375
|
367
|
|
BPCE SA,
|
|
|
|
|
5.77%, 6/2/37 (a) |
|
775
|
777
|
|
Brookfield Asset Management Ltd.,
|
|
|
|
|
5.30%, 1/15/36 |
|
275
|
268
|
|
CaixaBank SA,
|
|
|
|
|
6.04%, 6/15/35 (a) |
|
1,000
|
1,044
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
Canadian Imperial Bank of Commerce,
|
|
|
|
|
7.00%, 10/28/85 |
$
|
650
|
$668
|
|
Centene Corp.,
|
|
|
|
|
2.50%, 3/1/31 |
|
525
|
459
|
|
Charles Schwab Corp.,
|
|
|
|
|
5.49%, 5/21/37 |
|
525
|
532
|
|
Citadel LP,
|
|
|
|
|
4.88%, 1/15/27 (a) |
|
325
|
325
|
|
6.38%, 1/23/32 (a) |
|
350
|
365
|
|
Citadel Securities Global Holdings LLC,
|
|
|
|
|
5.13%, 1/27/32 (a) |
|
350
|
346
|
|
6.20%, 6/18/35 (a) |
|
348
|
356
|
|
Citigroup, Inc.,
|
|
|
|
|
3.06%, 1/25/33 |
|
750
|
680
|
|
4.50%, 9/11/31 |
|
475
|
469
|
|
Commonwealth Bank of Australia,
|
|
|
|
|
3.61%, 9/12/34 (a) |
|
375
|
359
|
|
Convex Group Ltd.,
|
|
|
|
|
6.50%, 1/21/46 |
|
650
|
636
|
|
COPT Defense Properties LP,
|
|
|
|
|
2.75%, 4/15/31 |
|
1,275
|
1,157
|
|
CRC Insurance Group LLC,
|
|
|
|
|
7.13%, 6/1/31 (a) |
|
450
|
449
|
|
CTR Partnership LP/CareTrust Capital Corp.,
|
|
|
|
|
3.88%, 6/30/28 (a) |
|
700
|
683
|
|
Dai-ichi Life Insurance Co. Ltd.,
|
|
|
|
|
6.20%, 1/16/35 (a)(b) |
|
400
|
408
|
|
Deutsche Bank AG,
|
|
|
|
|
5.06%, 4/14/32 |
|
325
|
324
|
|
Enact Holdings, Inc.,
|
|
|
|
|
6.25%, 5/28/29 |
|
825
|
849
|
|
EPR Properties,
|
|
|
|
|
4.75%, 11/15/30 |
|
750
|
734
|
|
Essent Group Ltd.,
|
|
|
|
|
6.25%, 7/1/29 |
|
775
|
799
|
|
Essential Properties LP,
|
|
|
|
|
5.38%, 7/15/36 |
|
600
|
592
|
|
Fortitude Global Funding,
|
|
|
|
|
5.50%, 6/12/31 (a) |
|
225
|
226
|
|
Fortitude Group Holdings LLC,
|
|
|
|
|
6.25%, 4/1/30 (a) |
|
540
|
552
|
|
Global Atlantic Fin Co.,
|
|
|
|
|
6.75%, 3/15/54 (a) |
|
400
|
382
|
|
7.25%, 3/1/56 (a) |
|
244
|
239
|
|
7.95%, 10/15/54 (a) |
|
210
|
212
|
|
Goldman Sachs Group, Inc.,
|
|
|
|
|
4.97%, 6/3/32 |
|
450
|
450
|
|
5.07%, 1/21/37 |
|
500
|
488
|
|
5.09%, 4/20/34 |
|
1,000
|
996
|
|
5.33%, 7/23/35 |
|
1,225
|
1,230
|
|
HA Sustainable Infrastructure Capital, Inc.,
|
|
|
|
|
6.38%, 7/1/34 |
|
600
|
612
|
|
8.00%, 6/1/56 |
|
200
|
212
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Finance (cont'd)
|
|
|
|
|
HSBC Holdings PLC,
|
|
|
|
|
2.87%, 11/22/32 |
$
|
200
|
$180
|
|
Intact Financial Corp.,
|
|
|
|
|
5.46%, 9/22/32 (a) |
|
1,100
|
1,129
|
|
Intesa Sanpaolo SpA,
|
|
|
|
|
4.95%, 6/1/42 (a) |
|
200
|
175
|
|
Jefferies Financial Group, Inc.,
|
|
|
|
|
2.75%, 10/15/32 |
|
500
|
427
|
|
5.50%, 2/15/36 |
|
400
|
386
|
|
JPMorgan Chase & Co.,
|
|
|
|
|
4.35%, 1/22/32 |
|
475
|
465
|
|
4.90%, 1/22/37 |
|
600
|
585
|
|
5.15%, 4/23/37 |
|
550
|
546
|
|
5.77%, 4/22/35 |
|
2,875
|
2,992
|
|
KBC Group NV,
|
|
|
|
|
4.45%, 9/23/31 (a) |
|
375
|
368
|
|
KKR & Co., Inc.,
|
|
|
|
|
5.10%, 8/7/35 |
|
75
|
73
|
|
Liberty Mutual Group, Inc.,
|
|
|
|
|
4.13%, 12/15/51 (a) |
|
900
|
894
|
|
5.25%, 5/1/36 (a) |
|
275
|
272
|
|
Lincoln Financial Global Funding,
|
|
|
|
|
4.20%, 1/12/29 (a) |
|
200
|
197
|
|
LPL Holdings, Inc.,
|
|
|
|
|
4.38%, 5/15/31 (a) |
|
550
|
529
|
|
4.90%, 4/3/28 |
|
425
|
425
|
|
Macquarie Airfinance Holdings Ltd.,
|
|
|
|
|
6.40%, 3/26/29 (a) |
|
200
|
206
|
|
6.50%, 3/26/31 (a) |
|
600
|
627
|
|
Marex Group PLC,
|
|
|
|
|
5.68%, 4/21/31 |
|
225
|
225
|
|
6.40%, 11/4/29 |
|
485
|
497
|
|
Marsh & McLennan Cos., Inc.,
|
|
|
|
|
5.00%, 3/15/35 |
|
190
|
188
|
|
5.40%, 3/15/55 |
|
425
|
402
|
|
Midcap Financial Issuer Trust,
|
|
|
|
|
5.37%, 4/15/29 (a) |
|
700
|
696
|
|
Mitsubishi HC Finance America LLC,
|
|
|
|
|
5.15%, 10/24/29 (a) |
|
600
|
605
|
|
Nationwide Building Society,
|
|
|
|
|
4.30%, 3/8/29 (a) |
|
625
|
622
|
|
Nippon Life Insurance Co.,
|
|
|
|
|
5.05%, 4/2/33 (a) |
|
500
|
501
|
|
Pacific Life Insurance Co.,
|
|
|
|
|
5.95%, 9/15/55 (a) |
|
625
|
624
|
|
Pinnacle Financial Partners, Inc.,
|
|
|
|
|
6.17%, 11/1/30 |
|
1,010
|
1,034
|
|
PNC Financial Services Group, Inc.,
|
|
|
|
|
5.40%, 7/23/35 |
|
850
|
862
|
|
5.58%, 1/29/36 |
|
350
|
359
|
|
Progressive Corp.,
|
|
|
|
|
5.15%, 3/26/36 |
|
325
|
325
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
Protective Life Corp.,
|
|
|
|
|
4.70%, 1/15/31 (a) |
$
|
400
|
$395
|
|
Raymond James Financial, Inc.,
|
|
|
|
|
5.65%, 9/11/55 |
|
525
|
511
|
|
Rocket Mortgage LLC/Rocket Mortgage
Co-Issuer, Inc.,
|
|
|
|
|
3.88%, 3/1/31 (a) |
|
695
|
651
|
|
Sammons Financial Group, Inc.,
|
|
|
|
|
5.95%, 6/15/36 (a) |
|
275
|
276
|
|
Santander U.K. Group Holdings PLC,
|
|
|
|
|
5.14%, 9/22/36 |
|
200
|
194
|
|
SMBC Aviation Capital Finance DAC,
|
|
|
|
|
2.30%, 6/15/28 (a)(c) |
|
350
|
335
|
|
5.55%, 4/3/34 (a) |
|
325
|
328
|
|
State Street Corp.,
|
|
|
|
|
4.78%, 10/23/36 |
|
500
|
486
|
|
5.09%, 4/24/37 |
|
250
|
248
|
|
Sumitomo Mitsui Financial Group, Inc.,
|
|
|
|
|
4.66%, 7/8/31 |
|
400
|
397
|
|
Sumitomo Mitsui Trust Group, Inc.,
|
|
|
|
|
5.42%, 9/11/36 (a) |
|
625
|
615
|
|
Toronto-Dominion Bank,
|
|
|
|
|
8.13%, 10/31/82 |
|
600
|
621
|
|
Travelers Cos., Inc.,
|
|
|
|
|
5.05%, 7/24/35 |
|
1,000
|
998
|
|
Truist Financial Corp.,
|
|
|
|
|
4.60%, 1/27/32 |
|
375
|
370
|
|
UBS Group AG,
|
|
|
|
|
3.09%, 5/14/32 (a) |
|
1,125
|
1,033
|
|
4.84%, 11/6/33 (a) |
|
200
|
197
|
|
5.20%, 8/10/37 (a) |
|
200
|
197
|
|
UniCredit SpA,
|
|
|
|
|
5.46%, 6/30/35 (a) |
|
275
|
277
|
|
UnitedHealth Group, Inc.,
|
|
|
|
|
6.05%, 2/15/63 |
|
700
|
715
|
|
Wells Fargo & Co.,
|
|
|
|
|
4.96%, 1/23/37 |
|
500
|
488
|
|
5.61%, 4/23/36 |
|
475
|
487
|
|
MTN
|
|
|
|
|
4.90%, 7/25/33 |
|
775
|
770
|
|
5.56%, 7/25/34 |
|
1,275
|
1,306
|
|
|
|
|
61,973
|
|
Industrials (46.1%)
|
|
|
|
|
Abbott Laboratories,
|
|
|
|
|
5.50%, 3/15/56 |
|
525
|
515
|
|
AbbVie, Inc.,
|
|
|
|
|
4.50%, 5/14/35 |
|
700
|
675
|
|
5.40%, 3/15/54 |
|
225
|
216
|
|
Alaska Airlines 2020-1 Class A Pass-Through
Trust,
|
|
|
|
|
4.80%, 2/15/29 (a) |
|
555
|
555
|
|
Alphabet, Inc.,
|
|
|
|
|
5.65%, 2/15/56 |
|
325
|
321
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Industrials (cont'd)
|
|
|
|
|
Amazon.com, Inc.,
|
|
|
|
|
2.50%, 6/3/50 |
$
|
475
|
$275
|
|
5.80%, 3/13/56 |
|
600
|
597
|
|
Amgen, Inc.,
|
|
|
|
|
5.65%, 2/19/56 |
|
450
|
440
|
|
Amphenol Corp.,
|
|
|
|
|
4.63%, 2/15/36 |
|
525
|
507
|
|
Anheuser-Busch Cos. LLC/Anheuser-Busch
InBev Worldwide, Inc.,
|
|
|
|
|
4.90%, 2/1/46 |
|
500
|
456
|
|
Antares Holdings LP,
|
|
|
|
|
7.95%, 8/11/28 (a) |
|
475
|
491
|
|
APLD ComputeCo 2 LLC,
|
|
|
|
|
6.75%, 3/15/31 (a) |
|
400
|
402
|
|
Apple, Inc.,
|
|
|
|
|
2.95%, 9/11/49 |
|
825
|
538
|
|
AS Mileage Plan IP Ltd.,
|
|
|
|
|
5.02%, 10/20/29 (a) |
|
425
|
422
|
|
5.31%, 10/20/31 (a) |
|
675
|
668
|
|
AT&T, Inc.,
|
|
|
|
|
3.80%, 12/1/57 |
|
1,350
|
902
|
|
6.00%, 4/30/56 |
|
500
|
484
|
|
Australian Metcoal Financing Pty. Ltd.,
|
|
|
|
|
6.25%, 10/22/31 (a) |
|
875
|
891
|
|
BAT Capital Corp.,
|
|
|
|
|
3.73%, 9/25/40 |
|
175
|
142
|
|
4.63%, 3/22/33 |
|
1,100
|
1,077
|
|
BHP Billiton Finance USA Ltd.,
|
|
|
|
|
5.75%, 9/5/55 |
|
425
|
432
|
|
Biogen, Inc.,
|
|
|
|
|
6.45%, 5/15/55 |
|
150
|
160
|
|
Boeing Co.,
|
|
|
|
|
5.81%, 5/1/50 |
|
610
|
603
|
|
5.93%, 5/1/60 |
|
175
|
172
|
|
BP Capital Markets PLC,
|
|
|
|
|
4.88%, 3/22/30 (b) |
|
600
|
593
|
|
Broadcom, Inc.,
|
|
|
|
|
3.19%, 11/15/36 (a) |
|
750
|
629
|
|
5.70%, 1/15/56 |
|
350
|
348
|
|
Burlington Northern Santa Fe LLC,
|
|
|
|
|
5.50%, 3/15/55 |
|
325
|
316
|
|
Carnival Corp. Ltd.,
|
|
|
|
|
5.75%, 8/1/32 (a) |
|
675
|
682
|
|
CBRE Services, Inc.,
|
|
|
|
|
4.90%, 1/15/33 |
|
300
|
296
|
|
CDW LLC/CDW Finance Corp.,
|
|
|
|
|
3.57%, 12/1/31 |
|
175
|
161
|
|
Celanese U.S. Holdings LLC,
|
|
|
|
|
7.35%, 11/15/28 |
|
374
|
390
|
|
7.70%, 11/15/33 |
|
366
|
391
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital,
|
|
|
|
|
4.40%, 12/1/61 |
$
|
825
|
$533
|
|
6.48%, 10/23/45 |
|
650
|
596
|
|
Cheniere Energy Partners LP,
|
|
|
|
|
5.55%, 10/30/35 |
|
800
|
813
|
|
CI Financial Corp.,
|
|
|
|
|
7.50%, 5/30/29 (a) |
|
995
|
1,043
|
|
Cisco Systems, Inc.,
|
|
|
|
|
5.50%, 1/15/40 |
|
275
|
280
|
|
Comcast Corp.,
|
|
|
|
|
2.89%, 11/1/51 |
|
325
|
184
|
|
5.17%, 1/15/37 (a) |
|
1,125
|
1,081
|
|
Concentrix Corp.,
|
|
|
|
|
6.65%, 8/2/26 |
|
144
|
144
|
|
CRH America Finance, Inc.,
|
|
|
|
|
5.50%, 1/9/35 |
|
825
|
839
|
|
CVS Health Corp.,
|
|
|
|
|
1.88%, 2/28/31 |
|
150
|
132
|
|
2.13%, 9/15/31 |
|
350
|
306
|
|
5.88%, 6/1/53 |
|
825
|
808
|
|
6.20%, 9/15/55 |
|
225
|
230
|
|
Delta Air Lines, Inc./SkyMiles IP Ltd.,
|
|
|
|
|
4.75%, 10/20/28 (a) |
|
1,021
|
1,020
|
|
Diamondback Energy, Inc.,
|
|
|
|
|
5.40%, 4/18/34 |
|
825
|
837
|
|
Ecolab, Inc.,
|
|
|
|
|
5.15%, 6/15/33 |
|
725
|
735
|
|
Eli Lilly & Co.,
|
|
|
|
|
5.20%, 8/14/64 |
|
275
|
255
|
|
5.65%, 10/15/65 |
|
225
|
225
|
|
5.70%, 5/20/66 |
|
150
|
151
|
|
Energy Transfer LP,
|
|
|
|
|
5.60%, 9/1/34 |
|
425
|
434
|
|
6.30%, 1/15/56 |
|
750
|
753
|
|
Eni SpA,
|
|
|
|
|
6.00%, 5/18/56 (a) |
|
225
|
222
|
|
Enterprise Products Operating LLC,
|
|
|
|
|
3.30%, 2/15/53 |
|
350
|
234
|
|
5.20%, 1/15/36 |
|
650
|
652
|
|
EQT Corp.,
|
|
|
|
|
4.50%, 1/15/29 |
|
162
|
161
|
|
4.75%, 1/15/31 |
|
1,100
|
1,090
|
|
7.50%, 6/1/30 |
|
246
|
266
|
|
Ferrellgas LP/Ferrellgas Finance Corp.,
|
|
|
|
|
5.88%, 4/1/29 (a) |
|
400
|
389
|
|
First Quantum Minerals Ltd.,
|
|
|
|
|
8.00%, 3/1/33 (a) |
|
355
|
372
|
|
Ford Motor Co.,
|
|
|
|
|
3.25%, 2/12/32 |
|
325
|
287
|
|
Ford Motor Credit Co. LLC,
|
|
|
|
|
6.47%, 5/22/36 |
|
328
|
333
|
|
7.35%, 3/6/30 |
|
500
|
529
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Industrials (cont'd)
|
|
|
|
|
GE Vernova, Inc.,
|
|
|
|
|
5.50%, 2/4/56 |
$
|
350
|
$340
|
|
Glencore Funding LLC,
|
|
|
|
|
5.51%, 4/1/36 (a) |
|
450
|
453
|
|
GLP Capital LP/GLP Financing II, Inc.,
|
|
|
|
|
5.63%, 3/1/36 |
|
800
|
784
|
|
HCA, Inc.,
|
|
|
|
|
4.63%, 3/15/52 |
|
350
|
285
|
|
HEICO Corp.,
|
|
|
|
|
5.35%, 8/1/33 |
|
675
|
686
|
|
Hexcel Corp.,
|
|
|
|
|
5.88%, 2/26/35 |
|
725
|
752
|
|
Honeywell Aerospace, Inc.,
|
|
|
|
|
5.73%, 3/16/56 (a) |
|
450
|
450
|
|
Hyundai Capital America,
|
|
|
|
|
4.25%, 9/18/28 (a) |
|
600
|
593
|
|
5.10%, 6/24/30 (a) |
|
825
|
830
|
|
Icon Investments Six DAC,
|
|
|
|
|
5.81%, 5/8/27 |
|
600
|
605
|
|
Imperial Brands Finance PLC,
|
|
|
|
|
5.88%, 7/1/34 (a) |
|
1,125
|
1,157
|
|
Intel Corp.,
|
|
|
|
|
4.90%, 8/5/52 |
|
250
|
210
|
|
5.30%, 5/15/36 |
|
650
|
647
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings,
|
|
|
|
|
5.95%, 4/20/35 |
|
525
|
542
|
|
6.25%, 3/1/56 |
|
150
|
147
|
|
JDE Peet's NV,
|
|
|
|
|
1.38%, 1/15/27 (a) |
|
775
|
761
|
|
Kinder Morgan, Inc.,
|
|
|
|
|
5.85%, 6/1/35 |
|
200
|
209
|
|
Kraft Heinz Foods Co.,
|
|
|
|
|
4.38%, 6/1/46 |
|
27
|
22
|
|
Kroger Co.,
|
|
|
|
|
5.00%, 9/15/34 |
|
325
|
321
|
|
Las Vegas Sands Corp.,
|
|
|
|
|
3.90%, 8/8/29 |
|
225
|
217
|
|
5.63%, 6/15/28 |
|
550
|
557
|
|
5.90%, 6/1/27 |
|
625
|
631
|
|
6.00%, 6/14/30 |
|
100
|
103
|
|
Lithia Motors, Inc.,
|
|
|
|
|
3.88%, 6/1/29 (a) |
|
400
|
383
|
|
Maple Parent Holdings Corp.,
|
|
|
|
|
5.05%, 3/26/31 (a) |
|
650
|
650
|
|
5.70%, 3/26/36 (a) |
|
275
|
279
|
|
Marriott International, Inc.,
|
|
|
|
|
4.50%, 5/1/33 |
|
650
|
629
|
|
Mars, Inc.,
|
|
|
|
|
5.20%, 3/1/35 (a) |
|
325
|
326
|
|
5.70%, 5/1/55 (a) |
|
150
|
148
|
|
Medline Borrower LP,
|
|
|
|
|
5.25%, 10/1/29 (a) |
|
700
|
696
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
Meta Platforms, Inc.,
|
|
|
|
|
5.40%, 8/15/54 |
$
|
250
|
$221
|
|
5.75%, 11/15/65 |
|
475
|
427
|
|
6.30%, 5/15/56 |
|
375
|
374
|
|
National Fuel Gas Co.,
|
|
|
|
|
5.50%, 5/15/36 |
|
600
|
597
|
|
New Flyer Holdings, Inc.,
|
|
|
|
|
9.25%, 7/1/30 (a) |
|
350
|
377
|
|
Newcastle Coal Infrastructure Group Pty.
Ltd.,
|
|
|
|
|
4.40%, 9/29/27 (a) |
|
181
|
179
|
|
Northern Natural Gas Co.,
|
|
|
|
|
5.63%, 2/1/54 (a) |
|
425
|
409
|
|
NTT Finance Corp.,
|
|
|
|
|
5.01%, 11/1/31 (a)(d) |
|
450
|
450
|
|
OAK-Eagle Acquireco, Inc.,
|
|
|
|
|
7.25%, 7/1/33 (a) |
|
375
|
392
|
|
Occidental Petroleum Corp.,
|
|
|
|
|
6.45%, 9/15/36 |
|
600
|
644
|
|
ONEOK, Inc.,
|
|
|
|
|
5.40%, 10/15/35 |
|
1,225
|
1,224
|
|
5.65%, 9/1/34 |
|
200
|
204
|
|
Oracle Corp.,
|
|
|
|
|
3.60%, 4/1/50 |
|
75
|
46
|
|
3.95%, 3/25/51 |
|
1,375
|
880
|
|
5.55%, 2/6/53 |
|
550
|
443
|
|
5.70%, 2/4/36 |
|
806
|
781
|
|
Orange SA,
|
|
|
|
|
4.75%, 1/13/33 (a) |
|
400
|
393
|
|
5.00%, 1/13/36 (a) |
|
200
|
195
|
|
O'Reilly Automotive, Inc.,
|
|
|
|
|
5.10%, 3/12/36 |
|
650
|
644
|
|
Penske Truck Leasing Co. LP/PTL Finance
Corp.,
|
|
|
|
|
6.05%, 8/1/28 (a) |
|
300
|
307
|
|
Perrigo Finance Unlimited Co.,
|
|
|
|
|
5.15%, 6/15/30 |
|
525
|
505
|
|
Pfizer Investment Enterprises Pte. Ltd.,
|
|
|
|
|
5.34%, 5/19/63 |
|
975
|
898
|
|
Philip Morris International, Inc.,
|
|
|
|
|
5.38%, 2/15/33 |
|
450
|
462
|
|
Pilgrim's Pride Corp.,
|
|
|
|
|
6.88%, 5/15/34 |
|
300
|
325
|
|
QTS Fayetteville I Dc1-2 LLC/QTS TRS
Fayetteville I DC1-2 LLC,
|
|
|
|
|
5.70%, 4/15/36 (a) |
|
775
|
737
|
|
Rio Grande LNG LLC,
|
|
|
|
|
5.25%, 6/30/31 (a)(d) |
|
800
|
800
|
|
Royal Caribbean Cruises Ltd.,
|
|
|
|
|
5.38%, 1/15/36 |
|
175
|
174
|
|
Royalty Pharma PLC,
|
|
|
|
|
3.55%, 9/2/50 |
|
800
|
559
|
|
RTX Corp.,
|
|
|
|
|
6.40%, 3/15/54 |
|
400
|
439
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Industrials (cont'd)
|
|
|
|
|
Siemens Funding BV,
|
|
|
|
|
5.90%, 5/28/65 (a) |
$
|
400
|
$410
|
|
SNF Group SACA,
|
|
|
|
|
5.63%, 3/31/31 (a) |
|
1,000
|
1,012
|
|
Space Exploration Technologies Corp.,
|
|
|
|
|
5.65%, 7/15/33 (a) |
|
525
|
522
|
|
5.88%, 7/15/36 (a) |
|
425
|
420
|
|
Stellantis Finance U.S., Inc.,
|
|
|
|
|
6.45%, 3/18/35 (a) |
|
700
|
689
|
|
TELUS Corp.,
|
|
|
|
|
3.40%, 5/13/32 |
|
775
|
706
|
|
6.38%, 6/9/56 |
|
825
|
825
|
|
Time Warner Cable LLC,
|
|
|
|
|
4.50%, 9/15/42 |
|
100
|
75
|
|
T-Mobile USA, Inc.,
|
|
|
|
|
5.13%, 5/15/32 |
|
575
|
581
|
|
5.75%, 1/15/54 |
|
300
|
287
|
|
TotalEnergies Capital SA,
|
|
|
|
|
5.64%, 4/5/64 |
|
250
|
242
|
|
TransCanada PipeLines Ltd.,
|
|
|
|
|
6.13%, 10/17/56 |
|
175
|
177
|
|
Transcontinental Gas Pipe Line Co. LLC,
|
|
|
|
|
5.10%, 3/15/36 |
|
375
|
371
|
|
Transportadora de Gas Internacional SA ESP,
|
|
|
|
|
5.55%, 11/1/28 (a) |
|
200
|
201
|
|
United Airlines Holdings, Inc.,
|
|
|
|
|
4.88%, 3/1/29 |
|
500
|
495
|
|
United Airlines Pass-Through Trust,
|
|
|
|
|
Series 2020-1
|
|
|
|
|
5.88%, 4/15/29 |
|
249
|
252
|
|
Series 2024-1
|
|
|
|
|
5.45%, 8/15/38 |
|
446
|
455
|
|
Var Energi ASA,
|
|
|
|
|
5.88%, 5/22/30 (a) |
|
225
|
232
|
|
7.50%, 1/15/28 (a) |
|
600
|
623
|
|
Verizon Communications, Inc.,
|
|
|
|
|
2.36%, 3/15/32 |
|
500
|
437
|
|
4.78%, 2/15/35 |
|
500
|
484
|
|
5.88%, 11/30/55 |
|
500
|
485
|
|
Viatris, Inc.,
|
|
|
|
|
2.30%, 6/22/27 |
|
775
|
757
|
|
2.70%, 6/22/30 |
|
425
|
388
|
|
Videotron Ltd.,
|
|
|
|
|
3.63%, 6/15/29 (a) |
|
650
|
627
|
|
Voyager Parent LLC,
|
|
|
|
|
9.25%, 7/1/32 (a) |
|
331
|
350
|
|
Xylem, Inc.,
|
|
|
|
|
5.20%, 6/1/33 |
|
300
|
304
|
|
|
|
|
72,587
|
|
Utilities (11.8%)
|
|
|
|
|
AEP Texas, Inc.,
|
|
|
|
|
Series Q
|
|
|
|
|
5.20%, 4/15/36 |
|
300
|
296
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
AES Corp.,
|
|
|
|
|
5.20%, 7/15/29 |
$
|
250
|
$251
|
|
American Electric Power Co., Inc.,
|
|
|
|
|
Series C
|
|
|
|
|
5.80%, 3/15/56 |
|
175
|
174
|
|
American Water Capital Corp.,
|
|
|
|
|
5.70%, 9/1/55 |
|
350
|
347
|
|
Atmos Energy Corp.,
|
|
|
|
|
6.20%, 11/15/53 |
|
300
|
320
|
|
Berkshire Hathaway Energy Co.,
|
|
|
|
|
2.85%, 5/15/51 |
|
350
|
214
|
|
Capital Power U.S. Holdings, Inc.,
|
|
|
|
|
5.26%, 6/1/28 (a) |
|
475
|
478
|
|
CenterPoint Energy Houston Electric LLC,
|
|
|
|
|
Series AR
|
|
|
|
|
4.85%, 4/1/36 |
|
125
|
122
|
|
Chpe LLC,
|
|
|
|
|
5.35%, 6/30/36 (a) |
|
550
|
549
|
|
Cleveland Electric Illuminating Co.,
|
|
|
|
|
4.55%, 11/15/30 (a) |
|
400
|
393
|
|
Commonwealth Edison Co.,
|
|
|
|
|
5.95%, 6/1/55 |
|
425
|
433
|
|
Consolidated Edison Co. of New York, Inc.,
|
|
|
|
|
5.90%, 11/15/53 |
|
150
|
152
|
|
Dominion Energy, Inc.,
|
|
|
|
|
5.38%, 11/15/32 |
|
550
|
562
|
|
DTE Electric Co.,
|
|
|
|
|
Series B
|
|
|
|
|
5.55%, 3/1/56 |
|
300
|
293
|
|
DTE Energy Co.,
|
|
|
|
|
5.05%, 10/1/35 |
|
425
|
418
|
|
Duke Energy Florida LLC,
|
|
|
|
|
6.20%, 11/15/53 |
|
650
|
688
|
|
Duke Energy Indiana LLC,
|
|
|
|
|
2.75%, 4/1/50 |
|
330
|
203
|
|
Series DDDD
|
|
|
|
|
4.95%, 3/15/36 |
|
400
|
393
|
|
Exelon Corp.,
|
|
|
|
|
5.88%, 3/15/55 |
|
175
|
174
|
|
Georgia Power Co.,
|
|
|
|
|
Series A
|
|
|
|
|
3.25%, 3/15/51 |
|
275
|
187
|
|
Indiana Michigan Power Co.,
|
|
|
|
|
5.60%, 3/15/56 |
|
650
|
633
|
|
Liberty Utilities Co.,
|
|
|
|
|
5.58%, 1/31/29 (a) |
|
825
|
841
|
|
MidAmerican Energy Co.,
|
|
|
|
|
3.15%, 4/15/50 |
|
275
|
185
|
|
Narragansett Electric Co.,
|
|
|
|
|
6.00%, 5/15/56 (a) |
|
350
|
357
|
|
New England Power Co.,
|
|
|
|
|
5.94%, 11/25/52 (a) |
|
125
|
126
|
|
NextEra Energy Capital Holdings, Inc.,
|
|
|
|
|
4.00%, 5/15/56 |
EUR
|
290
|
328
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Utilities (cont'd)
|
|
|
|
|
4.50%, 5/15/56 |
EUR
|
260
|
$293
|
|
5.90%, 3/15/55 |
$
|
300
|
297
|
|
NiSource, Inc.,
|
|
|
|
|
5.30%, 5/18/36 |
|
850
|
851
|
|
Pacific Gas & Electric Co.,
|
|
|
|
|
4.95%, 7/1/50 |
|
175
|
146
|
|
5.20%, 5/1/36 |
|
450
|
437
|
|
5.70%, 3/1/35 |
|
850
|
859
|
|
6.00%, 5/1/56 |
|
50
|
48
|
|
PacifiCorp,
|
|
|
|
|
4.15%, 2/15/50 |
|
350
|
266
|
|
5.80%, 4/15/36 |
|
25
|
26
|
|
7.13%, 8/15/56 |
|
35
|
35
|
|
Public Service Co. of Colorado,
|
|
|
|
|
5.15%, 9/15/35 |
|
525
|
522
|
|
5.35%, 5/15/34 |
|
350
|
355
|
|
Puget Energy, Inc.,
|
|
|
|
|
7.25%, 9/15/56 |
|
550
|
562
|
|
San Diego Gas & Electric Co.,
|
|
|
|
|
Series EEEE
|
|
|
|
|
5.95%, 3/15/56 |
|
100
|
102
|
|
Snam SpA,
|
|
|
|
|
5.00%, 5/28/30 (a) |
|
525
|
528
|
|
5.75%, 5/28/35 (a) |
|
425
|
438
|
|
Southern California Edison Co.,
|
|
|
|
|
5.88%, 12/1/53 |
|
250
|
238
|
|
Southern Co.,
|
|
|
|
|
4.85%, 3/15/35 |
|
350
|
342
|
|
5.70%, 3/15/34 |
|
550
|
570
|
|
Trans-Allegheny Interstate Line Co.,
|
|
|
|
|
5.00%, 1/15/31 (a) |
|
775
|
782
|
|
Virginia Electric & Power Co.,
|
|
|
|
|
4.95%, 3/15/36 |
|
300
|
294
|
|
Vistra Operations Co. LLC,
|
|
|
|
|
4.30%, 10/15/28 (a) |
|
250
|
247
|
|
5.70%, 12/30/34 (a) |
|
775
|
784
|
|
Xcel Energy, Inc.,
|
|
|
|
|
5.60%, 4/15/35 |
|
500
|
510
|
|
|
|
|
18,649
|
|
Total Fixed Income
Securities (Cost $153,607)
|
|
153,209
|
|
|
|
|
Shares
|
|
|
Preferred Stock (0.2%)
|
|
|
|
|
Wireless Telecommunication Services (0.2%)
|
|
|
|
|
T-Mobile USA, Inc. (e)
(acquisition cost — $371;
acquired 12/15/17) (Cost $371)
|
|
14,884
|
346
|
|
Investment Company (0.5%)
|
|
|
|
|
Eaton Vance Preferred Securities & Income ETF
(e)(f) (Cost $778)
|
|
15,500
|
778
|
|
|
|
Shares
|
Value
(000)
|
|
Short-Term Investments (1.2%)
|
|
|
|
|
Investment Company (0.6%)
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds —
Government Portfolio — Institutional Class,
3.56% (g) (Cost $883)
|
|
882,987
|
$883
|
|
Securities held as Collateral on Loaned Securities (0.1%)
|
|||
|
Investment Company (0.1%)
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds —
Government Portfolio — Institutional Class,
3.56% (g) (Cost $220)
|
|
219,938
|
220
|
|
|
|
Face
Amount
(000)
|
|
|
|
|
|
|
|
U.S. Treasury Security (0.5%)
|
|
|
|
|
U.S. Treasury Bill,
3.80%, 12/3/26 (h)(i)
(Cost $826)
|
$
|
840
|
826
|
|
Total Short-Term Investments (Cost $1,929)
|
1,929
|
||
|
Total Investments (99.2%) (Cost $156,685)
including $215 of Securities Loaned (j)(k)
|
156,262
|
||
|
Other Assets in Excess of Liabilities (0.8%)
|
1,206
|
||
|
Net Assets (100.0%)
|
$157,468
|
||
|
(a)
|
144A security — Certain conditions for public sale may exist.
Unless otherwise noted, these securities are deemed to be liquid.
|
|
(b)
|
Perpetual — One or more securities do not have a predetermined
maturity date. Rates for these securities are fixed for a period of
time after which they revert to a floating rate. Interest rates in
effect are as of June 30, 2026.
|
|
(c)
|
All or a portion of this security was on loan. The value of loaned
securities and related collateral outstanding at June 30, 2026,
were approximately $215,000 and $220,000, respectively. The
Fund received cash collateral of approximately $220,000, which
was subsequently invested in Morgan Stanley Institutional Liquidity
Funds - Government Portfolio - Institutional Class as reported in
the Portfolio of Investments. The Fund has the right under the
securities lending agreement to recover the securities from the
borrower on demand.
|
|
(d)
|
When-issued security.
|
|
(e)
|
Non-income producing security.
|
|
(f)
|
The Fund invests in Eaton Vance Preferred Securities & Income
ETF, a management investment company advised by an affiliate of
the Adviser. Advisory fees paid by the Fund are reduced by an
amount equal to its pro-rata share of the advisory and
administration fees paid by the Eaton Vance Preferred Securities
& Income ETF. For the nine months ended June 30, 2026,
advisory fees paid were reduced by less than $500 relating to the
Fund's investment in the Eaton Vance Preferred Securities &
Income ETF.
|
|
(g)
|
The Fund invests in the Institutional Class of the Morgan Stanley
Institutional Liquidity Funds - Government Portfolio - (the "Liquidity
Fund"), an open-end management investment company managed
by the Adviser, both directly and as a portion of the securities held
as collateral on loaned securities. Advisory fees paid by the Fund
are reduced by an amount equal to its pro-rata share of the
advisory and administration fees paid by the Fund due to its
investment in the Liquidity Fund. For the nine months ended
June 30, 2026, advisory fees paid were reduced by approximately
$2,000 relating to the Fund's investment in the Liquidity Fund.
|
|
(h)
|
Rate shown is the yield to maturity at June 30, 2026.
|
|
(i)
|
All or a portion of the security was pledged to cover margin
requirements for futures contracts.
|
|
(j)
|
Securities are available for collateral in connection with purchase
of when-issued securities, securities purchased on a forward
commitment basis and futures contracts.
|
|
(k)
|
At June 30, 2026, the aggregate cost for federal income tax
purposes approximates the aggregate cost for book purposes.
The aggregate gross unrealized appreciation is approximately
$1,391,000 and the aggregate gross unrealized depreciation is
approximately $1,715,000, resulting in net unrealized
depreciation of approximately $324,000.
|
|
DAC
|
Designated Activity Company.
|
|
ETF
|
Exchange Traded Fund.
|
|
MTN
|
Medium Term Note.
|
|
Foreign Currency Forward Exchange Contract:
|
||||||
|
The Fund had the following foreign currency forward exchange contract open at June
30, 2026:
|
||||||
|
Counterparty
|
Contracts
to Deliver
(000)
|
In
Exchange
For
(000)
|
Delivery
Date
|
Unrealized
Appreciation
(000)
|
||
|
JPMorgan Chase Bank NA
|
EUR
|
590
|
$
|
685
|
9/16/26
|
$9
|
|
Futures Contracts:
|
||||||
|
The Fund had the following futures contracts open at June 30, 2026:
|
||||||
|
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
(000)
|
Value
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
Long:
|
|
|
|
|
|
|
|
U.S. Treasury 2 yr. Note (United States)
|
80
|
9/30/26
|
$
|
16,000
|
$16,491
|
$(23
)
|
|
U.S. Treasury Long Bond (United States)
|
147
|
9/21/26
|
|
14,700
|
16,684
|
283
|
|
Short:
|
|
|
|
|
|
|
|
German Euro-Bobl Index (Germany)
|
2
|
9/8/26
|
EUR
|
(200
)
|
(264
)
|
(1
)
|
|
German Euro-Bund Index (Germany)
|
2
|
9/8/26
|
|
(200
)
|
(291
)
|
(4
)
|
|
U.S. Treasury 5 yr. Note (United States)
|
19
|
9/30/26
|
$
|
(1,900
)
|
(2,034
)
|
(1
)
|
|
U.S. Treasury 10 yr. Note (United States)
|
91
|
9/21/26
|
|
(9,100
)
|
(10,000
)
|
(80
)
|
|
U.S. Treasury 10 yr. Ultra Note
(United States)
|
114
|
9/21/26
|
|
(11,400
)
|
(12,821
)
|
(76
)
|
|
Ultra U.S. Treasury Bond (United States)
|
5
|
9/21/26
|
|
(500
)
|
(581
)
|
(8
)
|
|
|
|
|
|
|
|
$90
|
|
EUR —
|
Euro
|
|
Portfolio Composition*
|
|
|
Classification
|
Percentage of
Total Investments
|
|
Industrials
|
46.5
%
|
|
Finance
|
39.7
|
|
Utilities
|
12.0
|
|
Other**
|
1.8
|
|
Total Investments
|
100.0
%***
|
|
*
|
Percentages indicated are based upon total investments (excluding Securities held
as Collateral on Loaned Securities) as of June 30, 2026.
|
|
**
|
Industries and/or investment types representing less than 5% of total investments.
|
|
***
|
Does not include open futures contracts with a value of approximately
$59,166,000 and net unrealized appreciation of approximately $90,000. Also
does not include open foreign currency forward exchange contracts with an
unrealized appreciation of approximately $9,000.
|
|
|
|
Shares
|
Value
(000)
|
|
Common Stocks (92.8%)
|
|||
|
Beverages (1.6%)
|
|||
|
Celsius Holdings, Inc. (a)
|
|
424,956
|
$12,443
|
|
Biotechnology (6.5%)
|
|||
|
Immunovant, Inc. (a)
|
|
155,564
|
5,994
|
|
ProKidney Corp. (a)(b)
|
|
820,877
|
1,675
|
|
Roivant Sciences Ltd. (a)
|
|
1,241,887
|
43,950
|
|
|
|
|
51,619
|
|
Building Products (1.8%)
|
|||
|
Madison Air Solutions Corp., Class A (a)
|
|
375,662
|
14,651
|
|
Capital Markets (0.7%)
|
|||
|
Twenty One Capital, Inc., Class A (a)(b)
|
|
1,064,863
|
5,271
|
|
Entertainment (4.2%)
|
|||
|
ROBLOX Corp., Class A (a)
|
|
610,310
|
33,189
|
|
Financial Services (9.5%)
|
|||
|
Affirm Holdings, Inc. (a)
|
|
732,800
|
59,760
|
|
Federal National Mortgage Association (a)
|
|
2,529,143
|
16,464
|
|
|
|
|
76,224
|
|
Health Care Equipment & Supplies (3.1%)
|
|||
|
Medline, Inc., Class A (a)
|
|
635,554
|
25,066
|
|
Health Care Providers & Services (3.8%)
|
|||
|
Agilon health, Inc. (a)
|
|
159,556
|
17,101
|
|
HealthEquity, Inc. (a)
|
|
146,577
|
13,239
|
|
|
|
|
30,340
|
|
Information Technology Services (13.9%)
|
|||
|
Cloudflare, Inc., Class A (a)
|
|
454,060
|
111,372
|
|
Machinery (1.7%)
|
|||
|
Symbotic, Inc. (a)
|
|
300,777
|
13,520
|
|
Media (0.3%)
|
|||
|
Trade Desk, Inc., Class A (a)
|
|
141,203
|
2,553
|
|
Passenger Airlines (1.4%)
|
|||
|
Joby Aviation, Inc. (a)
|
|
1,227,761
|
10,952
|
|
Personal Care Products (1.4%)
|
|||
|
Oddity Tech Ltd., Class A (Israel) (a)(b)
|
|
756,691
|
11,449
|
|
Pharmaceuticals (9.3%)
|
|||
|
Royalty Pharma PLC, Class A
|
|
1,328,225
|
74,473
|
|
Real Estate Management & Development (3.6%)
|
|||
|
Opendoor Technologies, Inc. (a)
|
|
6,291,477
|
29,066
|
|
Software (15.3%)
|
|||
|
Aurora Innovation, Inc. (a)
|
|
8,357,774
|
57,000
|
|
BitMine Immersion Technologies, Inc.
|
|
512,123
|
6,817
|
|
Circle Internet Group, Inc. (a)
|
|
334,507
|
20,950
|
|
Figma, Inc., Class A (a)(b)
|
|
617,633
|
11,173
|
|
Samsara, Inc., Class A (a)
|
|
410,761
|
13,321
|
|
Strategy, Inc., Class A (a)
|
|
150,997
|
13,126
|
|
|
|
|
122,387
|
|
Specialty Retail (2.6%)
|
|||
|
Chewy, Inc., Class A (a)
|
|
1,058,660
|
20,803
|
|
Tech Hardware, Storage & Peripherals (6.0%)
|
|||
|
IonQ, Inc. (a)
|
|
907,087
|
48,311
|
|
|
|
Shares
|
Value
(000)
|
|
Trading Companies & Distributors (6.1%)
|
|||
|
Core & Main, Inc., Class A (a)
|
|
254,062
|
$12,258
|
|
QXO, Inc. (a)
|
|
2,126,592
|
36,748
|
|
|
|
|
49,006
|
|
Total Common Stocks (Cost $619,825)
|
|
742,695
|
|
|
Preferred Stock (4.7%)
|
|
|
|
|
Software (4.7%)
|
|
|
|
|
Databricks, Inc., Series H (a)(c)(d)
(acquisition cost — $14,644;
acquired 8/31/21) (Cost $14,644)
|
|
199,288
|
37,376
|
|
Investment Company (1.8%)
|
|
|
|
|
iShares Bitcoin Trust ETF (a) (Cost $16,940)
|
|
437,779
|
14,574
|
|
|
|
No. of
Warrants
|
|
|
Warrants (0.0%)†
|
|
|
|
|
Real Estate Management & Development
(0.0%)†
|
|
|
|
|
Opendoor Technologies, Inc.
expires 11/20/26 (a) (Cost $—)
|
|
178,125
|
61
|
|
|
|
Shares
|
|
|
Short-Term Investments (2.7%)
|
|||
|
Investment Company (1.2%)
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds —
Treasury Securities Portfolio — Institutional
Class, 3.52% (e) (Cost $9,336)
|
|
9,335,888
|
9,336
|
|
Securities held as Collateral on Loaned Securities (1.5%)
|
|||
|
Investment Company (1.2%)
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds —
Treasury Securities Portfolio — Institutional
Class, 3.52% (e)
|
|
9,417,497
|
9,417
|
|
|
|
Face
Amount
(000)
|
|
|
Repurchase Agreements (0.3%)
|
|||
|
Citigroup, Inc., (3.50%, dated 6/30/26, due
7/1/26; proceeds $594; fully collateralized by
a U.S. Government obligation; 4.00% due
2/28/30; valued at $607)
|
$
|
594
|
594
|
|
HSBC Securities USA, Inc., (3.64%, dated
6/30/26, due 7/1/26; proceeds $736; fully
collateralized by a U.S. Government obligation;
0.00% due 5/15/30; valued at $750)
|
|
736
|
736
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Repurchase Agreements (cont'd)
|
|||
|
JP Morgan Securities LLC, (3.64%, dated
6/30/26, due 7/1/26; proceeds $736; fully
collateralized by U.S. Government obligations;
0.00% - 4.63% due 7/15/26 - 2/15/48;
valued at $750)
|
$
|
736
|
$736
|
|
Merrill Lynch & Co., Inc., (3.64%, dated
6/30/26, due 7/1/26; proceeds $736; fully
collateralized by U.S. Government obligations;
0.00% - 4.13% due 9/3/26 - 2/15/39; valued
at $750)
|
|
736
|
736
|
|
|
|
|
2,802
|
|
Total Securities held as Collateral on Loaned
Securities (Cost $12,219)
|
12,219
|
||
|
Total Short-Term Investments (Cost $21,555)
|
21,555
|
||
|
Total Investments Excluding Purchased
Options (102.0%) (Cost $672,964)
|
816,261
|
||
|
Total Purchased Options Outstanding (0.1%)
(Cost $3,880)
|
821
|
||
|
Total Investments (102.1%) (Cost $676,844)
including $12,492 of Securities Loaned (f)(g)
|
817,082
|
||
|
Liabilities in Excess of Other Assets (–2.1%)
|
(16,922
)
|
||
|
Net Assets (100.0%)
|
$800,160
|
||
|
‡
|
Amount is less than 0.05%.
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
All or a portion of this security was on loan. The value of loaned
securities and related collateral outstanding at June 30, 2026,
were approximately $12,492,000 and $12,505,000, respectively.
The Fund received cash collateral of approximately $12,219,000,
which was subsequently invested in Repurchase Agreements and
Morgan Stanley Institutional Liquidity Funds - Treasury Securities
Portfolio - Institutional Class as reported in the Consolidated
Portfolio of Investments. The remaining collateral of approximately
$286,000 was received in the form of U.S. Government
obligations, which the Fund cannot sell or re-pledge and
accordingly are not reflected in the Consolidated Portfolio of
Investments. The Fund has the right under the securities lending
agreement to recover the securities from the borrower on
demand.
|
|
(c)
|
Security cannot be offered for public resale without first being
registered under the Securities Act of 1933 and related rules
(“restricted security”). Acquisition date represents the day on
which an enforceable right to acquire such security is obtained
and is presented along with related cost in the security
description. The Fund has registration rights for certain restricted
securities. Any costs related to such registration are borne by the
issuer. The aggregate value of restricted securities and derivative
contract (excluding 144A holdings) at June 30, 2026 amounts to
approximately $37,376,000 and represents 4.7% of net assets.
|
|
(d)
|
Security is valued using significant unobservable inputs and is
categorized as Level 3 in the fair value hierarchy.
|
|
(e)
|
The Fund invests in the Institutional Class of the Morgan Stanley
Institutional Liquidity Funds - Treasury Securities Portfolio - (the
"Liquidity Fund"), an open-end management investment company
managed by the Adviser, both directly and as a portion of the
securities held as collateral on loaned securities. Advisory fees
paid by the Fund are reduced by an amount equal to its pro-rata
share of the advisory and administration fees paid by the Fund due
to its investment in the Liquidity Fund. For the nine months ended
June 30, 2026, advisory fees paid were reduced by approximately
$27,000 relating to the Fund's investment in the Liquidity Fund.
|
|
(f)
|
The Fund is permitted to purchase and sell securities ("cross-
trade") from and to other Morgan Stanley Funds as well as other
funds and client accounts for which the Adviser or an affiliate of
the Adviser serves as investment adviser, pursuant to procedures
approved by the Trustees in compliance with Rule 17a-7 under the
Act (the "Rule"). As a result of a change in the Rule 2a-5 (aka the
“Valuation Rule”), which impacts transactions under Rule 17a-7, a
security is an eligible security for purposes of Rule 17a-7 only
when there is a “readily available market quotation” for the
security. The Fund's Rule 17a-7 policy was amended effective
September 8, 2022, to reflect the new requirements of Rule 2a-5.
For the nine months ended June 30, 2026, the Fund did not
engage in any cross-trade transactions.
|
|
(g)
|
At June 30, 2026, the aggregate cost for federal income tax
purposes approximates the aggregate cost for book purposes.
The aggregate gross unrealized appreciation is approximately
$273,289,000 and the aggregate gross unrealized depreciation
is approximately $133,051,000, resulting in net unrealized
appreciation of approximately $140,238,000.
|
|
ETF
|
Exchange Traded Fund.
|
|
Call Options Purchased:
|
|||||||||
|
The Fund had the following call options purchased open at June 30, 2026:
|
|||||||||
|
Counterparty
|
Description
|
Strike
Price
|
Expiration
Date
|
Number of
Contracts
|
Notional
Amount
(000)
|
Value (000)
|
Premiums
Paid
(000)
|
Unrealized
Depreciation
(000)
|
|
|
Standard Chartered Bank
|
USD/CNH
|
CNH
|
6.95
|
7/6/27
|
381,904,671
|
$381,905
|
$720
|
$810
|
$(90
)
|
|
Barclays Bank PLC
|
USD/CNH
|
CNH
|
7.20
|
2/12/27
|
320,966,354
|
320,966
|
81
|
842
|
(761
)
|
|
Standard Chartered Bank
|
USD/CNH
|
CNH
|
7.32
|
12/17/26
|
343,514,563
|
343,515
|
20
|
973
|
(953
)
|
|
Standard Chartered Bank
|
USD/CNH
|
CNH
|
7.58
|
8/11/26
|
383,524,759
|
383,525
|
—
@
|
1,255
|
(1,255
)
|
|
|
|
|
|
|
|
|
$821
|
$3,880
|
$(3,059
)
|
|
@
|
Value is less than $500.
|
|
|
CNH —
|
Chinese Yuan Renminbi Offshore
|
|
USD —
|
United States Dollar
|
|
Portfolio Composition
|
|
|
Classification*
|
Percentage of
Total Investments
|
|
Other**
|
30.2
%
|
|
Software
|
19.6
|
|
Information Technology Services
|
13.6
|
|
Financial Services
|
9.3
|
|
Pharmaceuticals
|
9.1
|
|
Biotechnology
|
6.3
|
|
Trading Companies & Distributors
|
6.0
|
|
Tech Hardware, Storage & Peripherals
|
5.9
|
|
Total Investments
|
100.0
%
|
|
*
|
Percentages indicated are based upon total investments (excluding Securities held
as Collateral on Loaned Securities) as of June 30, 2026.
|
|
**
|
Industries and/or investment types representing less than 5% of total investments.
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
Fixed Income Securities (43.0%)
|
|||
|
Agency Fixed Rate Mortgages (3.6%)
|
|||
|
United States (3.6%)
|
|
|
|
|
Federal Home Loan Mortgage Corporation,
|
|
|
|
|
Conventional Pools:
|
|
|
|
|
2.00%, 5/1/51
|
$
|
1,113
|
$877
|
|
2.50%, 4/1/52
|
|
2,250
|
1,845
|
|
4.50%, 1/1/49
|
|
55
|
54
|
|
5.50%, 12/1/54
|
|
627
|
630
|
|
6.00%, 9/1/54
|
|
683
|
699
|
|
Gold Pools:
|
|
|
|
|
3.50%, 1/1/44 - 6/1/45
|
|
361
|
336
|
|
4.50%, 1/1/49
|
|
15
|
14
|
|
6.50%, 5/1/32
|
|
15
|
15
|
|
7.50%, 5/1/35
|
|
1
|
1
|
|
Federal National Mortgage Association,
|
|
|
|
|
Conventional Pools:
|
|
|
|
|
2.00%, 3/1/52
|
|
1,556
|
1,252
|
|
2.50%, 9/1/52
|
|
2,417
|
2,035
|
|
3.00%, 7/1/49 - 6/1/52
|
|
3,785
|
3,336
|
|
3.50%, 3/1/47 - 1/1/51
|
|
768
|
705
|
|
4.00%, 4/1/45 - 9/1/45
|
|
425
|
405
|
|
4.50%, 3/1/41 - 11/1/44
|
|
54
|
54
|
|
5.00%, 1/1/41 - 3/1/41
|
|
137
|
137
|
|
5.50%, 8/1/55
|
|
1,872
|
1,884
|
|
6.00%, 1/1/38 - 10/1/55
|
|
894
|
914
|
|
6.50%, 12/1/29
|
|
1
|
1
|
|
7.50%, 8/1/37
|
|
1
|
1
|
|
July TBA:
|
|
|
|
|
3.00%, 7/1/56 (a)
|
|
230
|
201
|
|
3.50%, 7/1/56 (a)
|
|
770
|
699
|
|
4.00%, 7/1/56 (a)
|
|
820
|
766
|
|
4.50%, 7/1/56 (a)
|
|
900
|
863
|
|
5.00%, 7/1/56 (a)
|
|
3,380
|
3,321
|
|
5.50%, 7/1/56 (a)
|
|
460
|
462
|
|
Government National Mortgage Association,
|
|
|
|
|
Various Pools:
|
|
|
|
|
4.00%, 8/20/41 - 11/20/42
|
|
91
|
87
|
|
4.50%, 6/20/49
|
|
18
|
18
|
|
5.00%, 2/20/49 - 6/20/49
|
|
39
|
39
|
|
5.50%, 8/15/39
|
|
13
|
13
|
|
|
21,664
|
||
|
Asset-Backed Securities (0.7%)
|
|
|
|
|
United States (0.7%)
|
|
|
|
|
AASET MT-1 Ltd., Class A
|
|
|
|
|
5.52%, 2/16/50 (b)
|
|
371
|
368
|
|
ACM Auto Trust, Class A
|
|
|
|
|
5.55%, 6/20/28 (b)
|
|
280
|
279
|
|
DataBank Issuer II LLC, Class A2
|
|
|
|
|
5.18%, 9/27/55 (b)
|
|
740
|
727
|
|
Renaissance Home Equity Loan Trust,
|
|
|
|
|
1 Month Term SOFR + 0.87%,
4.52%, 12/25/32 (c)
|
|
392
|
372
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
Retained Vantage Data Centers Issuer LLC,
Class A2A
|
|
|
|
|
5.00%, 9/15/48 (b)
|
$
|
700
|
$693
|
|
SLM Student Loan Trust,
|
|
|
|
|
3 Month EURIBOR + 0.55%,
2.72%, 7/25/39 (c)
|
EUR
|
174
|
188
|
|
STAR Trust, Class A
|
|
|
|
|
1 Month Term SOFR + 1.75%,
5.38%, 10/17/41 (b)(c)
|
$
|
798
|
799
|
|
VINE Trust, Class A
|
|
|
|
|
4.75%, 12/17/40 (b)
|
|
734
|
719
|
|
|
|
|
4,145
|
|
Commercial Mortgage-Backed Securities (0.7%)
|
|||
|
Germany (0.0%)‡
|
|
|
|
|
Berg Finance DAC,
|
|
|
|
|
3 Month EURIBOR + 1.05%,
3.24%, 4/22/33 (c)
|
EUR
|
74
|
84
|
|
United States (0.7%)
|
|
|
|
|
BAMLL Trust,
|
|
|
|
|
1 Month Term SOFR + 2.35%,
5.98%, 8/15/39 (b)(c)
|
$
|
800
|
804
|
|
CRSNT Trust,
|
|
|
|
|
1 Month Term SOFR + 1.40%,
5.03%, 2/15/43 (b)(c)
|
|
1,000
|
1,002
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust,
|
|
|
|
|
1 Month Term SOFR + 1.65%,
5.25%, 6/15/39 (b)(c)
|
|
800
|
803
|
|
MLTI Trust,
|
|
|
|
|
1 Month Term SOFR + 1.40%,
5.02%, 6/15/31 (b)(c)
|
|
800
|
802
|
|
WMRK Commercial Mortgage Trust,
|
|
|
|
|
1 Month Term SOFR + 3.44%,
7.06%, 11/15/27 (b)(c)
|
|
700
|
702
|
|
|
|
|
4,113
|
|
|
4,197
|
||
|
Corporate Bonds (6.1%)
|
|
|
|
|
Australia (0.2%)
|
|
|
|
|
Australia & New Zealand Banking Group Ltd.,
|
|
|
|
|
2.57%, 11/25/35 (b)
|
|
600
|
537
|
|
NBN Co. Ltd.,
|
|
|
|
|
2.63%, 5/5/31 (b)
|
|
575
|
524
|
|
|
|
|
1,061
|
|
Canada (0.2%)
|
|
|
|
|
Province of Quebec Canada,
|
|
|
|
|
0.00%, 10/29/30
|
EUR
|
1,270
|
1,283
|
|
Denmark (0.1%)
|
|
|
|
|
Danske Bank AS,
|
|
|
|
|
5.02%, 3/4/31 (b)
|
$
|
475
|
477
|
|
France (0.3%)
|
|
|
|
|
AXA SA,
|
|
|
|
|
3.25%, 5/28/49
|
EUR
|
400
|
454
|
|
BNP Paribas SA,
|
|
|
|
|
1.25%, 7/13/31
|
GBP
|
200
|
221
|
|
4.38%, 1/13/29
|
EUR
|
400
|
466
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
France (cont'd)
|
|
|
|
|
BPCE SA,
|
|
|
|
|
4.00%, 11/29/32
|
EUR
|
400
|
$472
|
|
5.75%, 6/1/33
|
|
300
|
358
|
|
|
|
|
1,971
|
|
Germany (0.3%)
|
|
|
|
|
Allianz SE,
|
|
|
|
|
2.12%, 7/8/50
|
|
100
|
108
|
|
5.82%, 7/25/53
|
|
400
|
507
|
|
RWE AG,
|
|
|
|
|
3.63%, 1/10/32
|
|
210
|
244
|
|
Volkswagen International Finance NV,
|
|
|
|
|
Series 10Y
|
|
|
|
|
1.88%, 3/30/27
|
|
900
|
1,021
|
|
|
|
|
1,880
|
|
Ireland (0.1%)
|
|
|
|
|
AIB Group PLC,
|
|
|
|
|
5.87%, 3/28/35 (b)
|
$
|
500
|
518
|
|
Japan (0.1%)
|
|
|
|
|
JT International Financial Services BV,
|
|
|
|
|
3.63%, 4/11/34
|
EUR
|
400
|
452
|
|
Luxembourg (0.1%)
|
|
|
|
|
Blackstone Property Partners Europe
Holdings SARL,
|
|
|
|
|
1.25%, 4/26/27
|
|
400
|
451
|
|
Netherlands (0.0%)‡
|
|
|
|
|
Alliander NV,
|
|
|
|
|
4.50%, 3/27/32 (d)
|
|
120
|
140
|
|
Spain (0.1%)
|
|
|
|
|
CaixaBank SA,
|
|
|
|
|
4.00%, 3/5/37
|
|
600
|
689
|
|
United Arab Emirates (0.1%)
|
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.,
|
|
|
|
|
2.63%, 3/31/36 (b)
|
$
|
650
|
567
|
|
United Kingdom (0.3%)
|
|
|
|
|
BAT Capital Corp.,
|
|
|
|
|
3.56%, 8/15/27
|
|
903
|
894
|
|
HSBC Holdings PLC,
|
|
|
|
|
2.87%, 11/22/32
|
|
300
|
270
|
|
National Grid Electricity Distribution West
Midlands PLC,
|
|
|
|
|
5.75%, 4/16/32
|
GBP
|
200
|
272
|
|
NatWest Group PLC,
|
|
|
|
|
5.12%, 5/23/31
|
$
|
525
|
528
|
|
|
|
|
1,964
|
|
United States (4.2%)
|
|
|
|
|
Amgen, Inc.,
|
|
|
|
|
5.65%, 2/19/56
|
|
225
|
220
|
|
Aon North America, Inc.,
|
|
|
|
|
5.45%, 3/1/34
|
|
675
|
689
|
|
AT&T, Inc.,
|
|
|
|
|
2.90%, 12/4/26
|
GBP
|
350
|
461
|
|
3.50%, 9/15/53
|
$
|
625
|
406
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
Bank of America Corp.,
|
|
|
|
|
5.87%, 9/15/34
|
$
|
1,200
|
$1,255
|
|
Bank of New York Mellon Corp.,
|
|
|
|
|
5.32%, 6/6/36
|
|
500
|
507
|
|
Boeing Co.,
|
|
|
|
|
5.81%, 5/1/50
|
|
375
|
371
|
|
6.26%, 5/1/27
|
|
100
|
101
|
|
6.30%, 5/1/29
|
|
200
|
208
|
|
Charles Schwab Corp.,
|
|
|
|
|
4.34%, 11/14/31
|
|
250
|
246
|
|
5.85%, 5/19/34
|
|
710
|
742
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital,
|
|
|
|
|
6.48%, 10/23/45
|
|
475
|
436
|
|
Chubb INA Holdings LLC,
|
|
|
|
|
0.88%, 6/15/27
|
EUR
|
400
|
449
|
|
Citigroup, Inc.,
|
|
|
|
|
3.06%, 1/25/33
|
$
|
1,350
|
1,223
|
|
Enterprise Products Operating LLC,
|
|
|
|
|
3.95%, 1/31/60
|
|
275
|
201
|
|
5.20%, 1/15/36
|
|
175
|
176
|
|
Foundry JV Holdco LLC,
|
|
|
|
|
5.50%, 1/25/31 (b)
|
|
550
|
563
|
|
GLP Capital LP/GLP Financing II, Inc.,
|
|
|
|
|
5.63%, 3/1/36
|
|
375
|
368
|
|
Goldman Sachs Group, Inc.,
|
|
|
|
|
0.75%, 3/23/32
|
EUR
|
520
|
513
|
|
5.85%, 4/25/35
|
$
|
525
|
545
|
|
Honeywell Aerospace, Inc.,
|
|
|
|
|
5.73%, 3/16/56 (b)
|
|
450
|
450
|
|
Hyundai Capital America,
|
|
|
|
|
5.30%, 6/24/29 (b)
|
|
800
|
809
|
|
Jefferies Financial Group, Inc.,
|
|
|
|
|
5.13%, 4/28/31
|
|
475
|
469
|
|
5.50%, 2/15/36
|
|
150
|
145
|
|
Jersey Central Power & Light Co.,
|
|
|
|
|
4.40%, 1/15/31
|
|
1,100
|
1,082
|
|
JPMorgan Chase & Co.,
|
|
|
|
|
6.25%, 10/23/34
|
|
1,450
|
1,552
|
|
Las Vegas Sands Corp.,
|
|
|
|
|
5.63%, 6/15/28
|
|
350
|
354
|
|
5.90%, 6/1/27
|
|
275
|
278
|
|
6.00%, 8/15/29 - 6/14/30
|
|
294
|
303
|
|
Medtronic Global Holdings SCA,
|
|
|
|
|
1.00%, 7/2/31
|
EUR
|
250
|
256
|
|
Meta Platforms, Inc.,
|
|
|
|
|
5.63%, 11/15/55
|
$
|
375
|
340
|
|
Metropolitan Life Global Funding I,
|
|
|
|
|
2.95%, 4/9/30 (b)
|
|
575
|
541
|
|
NextEra Energy Capital Holdings, Inc.,
|
|
|
|
|
2.75%, 11/1/29
|
|
375
|
355
|
|
Nuveen LLC,
|
|
|
|
|
5.85%, 4/15/34 (b)
|
|
225
|
230
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
ONEOK, Inc.,
|
|
|
|
|
5.05%, 11/1/34
|
$
|
600
|
$587
|
|
6.50%, 9/1/30 (b)
|
|
575
|
605
|
|
Oracle Corp.,
|
|
|
|
|
5.70%, 2/4/36
|
|
225
|
218
|
|
5.88%, 9/26/45
|
|
300
|
263
|
|
Pfizer Investment Enterprises Pte. Ltd.,
|
|
|
|
|
5.34%, 5/19/63
|
|
250
|
230
|
|
PNC Financial Services Group, Inc.,
|
|
|
|
|
6.88%, 10/20/34
|
|
925
|
1,022
|
|
Prologis Euro Finance LLC,
|
|
|
|
|
1.88%, 1/5/29
|
EUR
|
300
|
333
|
|
QTS Fayetteville I Dc1-2 LLC/QTS TRS
Fayetteville I DC1-2 LLC,
|
|
|
|
|
5.70%, 4/15/36 (b)
|
$
|
575
|
547
|
|
Space Exploration Technologies Corp.,
|
|
|
|
|
5.35%, 7/15/31 (b)
|
|
325
|
324
|
|
5.65%, 7/15/33 (b)
|
|
350
|
348
|
|
Thermo Fisher Scientific Finance I BV,
|
|
|
|
|
2.00%, 10/18/51
|
EUR
|
100
|
73
|
|
Thermo Fisher Scientific, Inc.,
|
|
|
|
|
0.88%, 10/1/31
|
|
650
|
660
|
|
1.88%, 10/1/49
|
|
100
|
73
|
|
Time Warner Cable LLC,
|
|
|
|
|
4.50%, 9/15/42
|
$
|
200
|
151
|
|
Transcontinental Gas Pipe Line Co. LLC,
|
|
|
|
|
5.75%, 3/15/56
|
|
450
|
444
|
|
U.S. Bancorp,
|
|
|
|
|
5.84%, 6/12/34
|
|
462
|
482
|
|
Upjohn Finance BV,
|
|
|
|
|
1.91%, 6/23/32
|
EUR
|
550
|
564
|
|
Verizon Communications, Inc.,
|
|
|
|
|
1.88%, 9/19/30
|
GBP
|
150
|
177
|
|
2.36%, 3/15/32
|
$
|
550
|
481
|
|
3.38%, 10/27/36
|
GBP
|
150
|
162
|
|
4.25%, 8/15/56
|
EUR
|
220
|
250
|
|
Vistra Operations Co. LLC,
|
|
|
|
|
5.70%, 12/30/34 (b)
|
$
|
250
|
253
|
|
Vontier Corp.,
|
|
|
|
|
2.40%, 4/1/28
|
|
250
|
240
|
|
|
|
|
25,331
|
|
|
|
|
36,784
|
|
Mortgages - Other (1.1%)
|
|
|
|
|
Netherlands (0.0%)
|
|
|
|
|
E-MAC NL 2006-II BV,
|
|
|
|
|
3 Month EURIBOR + 0.13%,
3.39%, 1/25/39 (c)
|
EUR
|
243
|
264
|
|
United Kingdom (0.0%)‡
|
|
|
|
|
Great Hall Mortgages No. 1 PLC,
|
|
|
|
|
3 Month EURIBOR + 0.25%,
2.66%, 6/18/38 (c)
|
|
53
|
60
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
Landmark Mortgage Securities No. 3 PLC,
|
|
|
|
|
1 day GBP SONIA + 2.22%,
5.97%, 4/17/44 (c)
|
GBP
|
134
|
$171
|
|
|
|
|
231
|
|
United States (1.1%)
|
|
|
|
|
A&D Mortgage Trust, Class A1
|
|
|
|
|
6.13%, 5/25/68 (b)
|
$
|
540
|
540
|
|
Banc of America Alternative Loan Trust,
|
|
|
|
|
6.36%, 10/25/36
|
|
20
|
5
|
|
Bayview Opportunity Master Fund VI Trust,
|
|
|
|
|
3.00%, 1/25/52 (b)(c)
|
|
532
|
459
|
|
Chase Home Lending Mortgage Trust,
|
|
|
|
|
5.50%, 8/25/55 (b)(c)
|
|
407
|
406
|
|
ChaseFlex Trust,
|
|
|
|
|
6.00%, 2/25/37
|
|
20
|
6
|
|
Citigroup Mortgage Loan Trust, Class A1
|
|
|
|
|
6.00%, 6/25/55 (b)(c)
|
|
283
|
286
|
|
Federal Home Loan Mortgage Corp.
Seasoned Credit Risk Transfer Trust,
|
|
|
|
|
3.00%, 7/25/58
|
|
187
|
162
|
|
3.00%, 10/25/58
|
|
21
|
19
|
|
4.00%, 10/25/58
|
|
19
|
18
|
|
Federal Home Loan Mortgage Corp. Whole
Loan Securities Trust,
|
|
|
|
|
3.00%, 9/25/45
|
|
33
|
29
|
|
3.00%, 7/25/46
|
|
13
|
11
|
|
3.00%, 5/25/47
|
|
91
|
78
|
|
3.50%, 5/25/45
|
|
12
|
11
|
|
3.50%, 9/25/45
|
|
34
|
30
|
|
3.50%, 7/25/46
|
|
20
|
18
|
|
4.00%, 5/25/45
|
|
4
|
4
|
|
3.00%, 12/25/46
|
|
48
|
41
|
|
GS Mortgage-Backed Securities Trust,
Class A1
|
|
|
|
|
6.00%, 2/25/56 (b)(c)
|
|
341
|
345
|
|
Hundred Acre Wood Trust,
|
|
|
|
|
2.50%, 12/25/51 (b)(c)
|
|
363
|
299
|
|
JP Morgan Mortgage Trust,
|
|
|
|
|
3.00%, 4/25/52 (b)(c)
|
|
390
|
336
|
|
3.00%, 9/25/52 (b)(c)
|
|
429
|
370
|
|
3.25%, 7/25/52 (b)(c)
|
|
489
|
438
|
|
6.00%, 6/25/55 (b)(c)
|
|
585
|
591
|
|
Mello Mortgage Capital Acceptance,
|
|
|
|
|
2.50%, 8/25/51 (b)(c)
|
|
424
|
350
|
|
OBX Trust, Class A1
|
|
|
|
|
3.00%, 1/25/52 (b)(c)
|
|
422
|
365
|
|
PRKCM 2023-AFC1 Trust, Class A1
|
|
|
|
|
6.60%, 2/25/58 (b)
|
|
734
|
734
|
|
PRMI Securitization Trust,
|
|
|
|
|
2.50%, 4/25/51 (b)(c)
|
|
509
|
421
|
|
|
|
|
6,372
|
|
|
|
|
6,867
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
Municipal Bond (0.0%)‡
|
|
|
|
|
Michigan (0.0%)‡
|
|
|
|
|
University of Michigan, MI,
|
|
|
|
|
Series A
|
|
|
|
|
4.45%, 4/1/2122 (Cost $270) |
$
|
270
|
$213
|
|
Sovereign (20.6%)
|
|
|
|
|
Australia (0.8%)
|
|
|
|
|
Australia Government Bond,
|
|
|
|
|
1.25%, 5/21/32
|
AUD
|
2,240
|
1,296
|
|
Queensland Treasury Corp.,
|
|
|
|
|
3.25%, 5/21/35 (b)
|
EUR
|
130
|
148
|
|
Treasury Corp. of Victoria,
|
|
|
|
|
2.00%, 9/17/35
|
AUD
|
2,550
|
1,342
|
|
MTN
|
|
|
|
|
1.50%, 9/10/31
|
|
1,800
|
1,059
|
|
2.25%, 11/20/41
|
|
2,180
|
960
|
|
|
|
|
4,805
|
|
Austria (0.1%)
|
|
|
|
|
Republic of Austria Government Bond,
|
|
|
|
|
0.00%, 2/20/30
|
EUR
|
360
|
374
|
|
Belgium (0.2%)
|
|
|
|
|
Kingdom of Belgium Government Bond,
|
|
|
|
|
1.70%, 6/22/50
|
|
460
|
329
|
|
3.45%, 6/22/43
|
|
650
|
697
|
|
|
|
|
1,026
|
|
Brazil (2.2%)
|
|
|
|
|
Brazil Letras do Tesouro Nacional,
|
|
|
|
|
0.00%, 1/1/29
|
BRL
|
95,684
|
13,354
|
|
Canada (0.9%)
|
|
|
|
|
British Columbia Investment Management
Corp.,
|
|
|
|
|
4.00%, 6/2/35
|
CAD
|
1,590
|
1,144
|
|
Canadian Government Bond,
|
|
|
|
|
2.00%, 12/1/51
|
|
100
|
50
|
|
3.25%, 12/1/33 - 12/1/34
|
|
2,660
|
1,879
|
|
3.50%, 12/1/57
|
|
1,430
|
958
|
|
Province of Alberta Canada,
|
|
|
|
|
3.38%, 4/2/35
|
EUR
|
430
|
497
|
|
Province of Ontario Canada,
|
|
|
|
|
3.25%, 7/3/35
|
|
220
|
252
|
|
Province of Quebec Canada,
|
|
|
|
|
3.25%, 5/22/35
|
|
350
|
400
|
|
|
|
|
5,180
|
|
Chile (0.3%)
|
|
|
|
|
Chile Government International Bond,
|
|
|
|
|
3.75%, 1/14/32
|
|
520
|
602
|
|
3.80%, 7/1/35
|
|
220
|
254
|
|
3.88%, 7/9/31 - 4/14/36
|
|
714
|
827
|
|
|
|
|
1,683
|
|
China (3.8%)
|
|
|
|
|
China Government Bond,
|
|
|
|
|
1.43%, 1/25/30
|
CNY
|
15,760
|
2,330
|
|
2.04%, 11/25/34
|
|
22,930
|
3,489
|
|
2.37%, 1/20/27
|
|
16,110
|
2,393
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
2.69%, 8/15/32
|
CNY
|
11,730
|
$1,846
|
|
2.80%, 11/15/32
|
|
18,840
|
2,999
|
|
3.12%, 10/25/52
|
|
4,620
|
798
|
|
3.13%, 11/21/29
|
|
19,580
|
3,072
|
|
3.27%, 11/19/30
|
|
24,960
|
3,998
|
|
3.52%, 4/25/46
|
|
460
|
83
|
|
3.53%, 10/18/51
|
|
1,240
|
228
|
|
3.81%, 9/14/50
|
|
3,890
|
738
|
|
3.86%, 7/22/49
|
|
6,430
|
1,224
|
|
|
|
|
23,198
|
|
Czech Republic (0.0%)‡
|
|
|
|
|
Czech Republic Government Bond,
|
|
|
|
|
1.20%, 3/13/31
|
CZK
|
6,000
|
249
|
|
Denmark (0.1%)
|
|
|
|
|
Denmark Government Bond,
|
|
|
|
|
0.50%, 11/15/27
|
DKK
|
3,000
|
448
|
|
France (1.9%)
|
|
|
|
|
Agence Francaise de Developpement EPIC,
|
|
|
|
|
1.50%, 10/31/34
|
EUR
|
700
|
681
|
|
French Republic Government Bond OAT,
|
|
|
|
|
0.00%, 11/25/29
|
|
4,900
|
5,097
|
|
2.70%, 2/25/31
|
|
4,810
|
5,437
|
|
SNCF Reseau,
|
|
|
|
|
1.88%, 3/30/34
|
|
400
|
405
|
|
|
|
|
11,620
|
|
Germany (2.3%)
|
|
|
|
|
Bundesobligation,
|
|
|
|
|
1.30%, 10/15/27
|
|
4,400
|
4,953
|
|
Bundesrepublik Deutschland Bundesanleihe,
|
|
|
|
|
0.00%, 8/15/31
|
|
2,350
|
2,355
|
|
0.25%, 2/15/29
|
|
2,210
|
2,383
|
|
2.50%, 8/15/54
|
|
1,540
|
1,472
|
|
4.25%, 7/4/39
|
|
1,230
|
1,580
|
|
State of North Rhine-Westphalia Germany,
|
|
|
|
|
1.65%, 2/22/38
|
|
1,420
|
1,369
|
|
|
|
|
14,112
|
|
Greece (0.1%)
|
|
|
|
|
Hellenic Republic Government Bond,
|
|
|
|
|
4.38%, 7/18/38
|
|
250
|
305
|
|
Hungary (0.0%)‡
|
|
|
|
|
Hungary Government Bond,
|
|
|
|
|
3.00%, 8/21/30
|
HUF
|
51,360
|
153
|
|
Indonesia (0.1%)
|
|
|
|
|
Indonesia Treasury Bond,
|
|
|
|
|
8.38%, 3/15/34
|
IDR
|
11,802,000
|
706
|
|
Italy (0.9%)
|
|
|
|
|
Italy Buoni Poliennali Del Tesoro,
|
|
|
|
|
2.50%, 12/1/32
|
EUR
|
1,020
|
1,121
|
|
3.85%, 7/1/34
|
|
1,200
|
1,416
|
|
4.00%, 11/15/30
|
|
1,580
|
1,882
|
|
4.45%, 9/1/43
|
|
298
|
356
|
|
4.50%, 10/1/53
|
|
580
|
679
|
|
|
|
|
5,454
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
Japan (2.6%)
|
|
|
|
|
Japan Government Ten Year Bond,
|
|
|
|
|
0.80%, 3/20/34
|
JPY
|
476,600
|
$2,610
|
|
0.90%, 9/20/34
|
|
419,000
|
2,284
|
|
1.10%, 6/20/34
|
|
177,000
|
987
|
|
1.40%, 3/20/35
|
|
358,650
|
2,014
|
|
Japan Government Thirty Year Bond,
|
|
|
|
|
0.30%, 6/20/46
|
|
224,000
|
733
|
|
0.40%, 9/20/49
|
|
207,750
|
616
|
|
0.70%, 12/20/51
|
|
225,700
|
677
|
|
Japan Government Twenty Year Bond,
|
|
|
|
|
0.40%, 6/20/41
|
|
413,600
|
1,687
|
|
Japan Government Two Year Bond,
|
|
|
|
|
1.00%, 12/1/27
|
|
709,000
|
4,344
|
|
|
|
|
15,952
|
|
Korea, Republic of (0.1%)
|
|
|
|
|
Korea Development Bank,
|
|
|
|
|
0.80%, 7/19/26
|
$
|
590
|
589
|
|
Lithuania (0.3%)
|
|
|
|
|
Lithuania Government International Bond,
|
|
|
|
|
3.50%, 7/3/31
|
EUR
|
1,690
|
1,975
|
|
Malaysia (0.3%)
|
|
|
|
|
Malaysia Government Bond,
|
|
|
|
|
3.58%, 7/15/32
|
MYR
|
3,830
|
943
|
|
3.89%, 8/15/29
|
|
2,500
|
624
|
|
|
|
|
1,567
|
|
Mexico (0.2%)
|
|
|
|
|
Mexican Bonos,
|
|
|
|
|
7.50%, 6/3/27
|
MXN
|
6,000
|
344
|
|
7.75%, 5/29/31 - 11/23/34
|
|
9,000
|
491
|
|
8.50%, 5/31/29
|
|
5,900
|
342
|
|
Mexico Government International Bond,
|
|
|
|
|
3.50%, 9/19/29
|
EUR
|
268
|
305
|
|
|
|
|
1,482
|
|
Netherlands (0.2%)
|
|
|
|
|
Netherlands Government Bond,
|
|
|
|
|
0.00%, 7/15/30
|
|
1,060
|
1,092
|
|
2.75%, 1/15/47
|
|
90
|
93
|
|
|
|
|
1,185
|
|
New Zealand (0.3%)
|
|
|
|
|
New Zealand Government Bond,
|
|
|
|
|
4.25%, 5/15/34 - 5/15/36
|
NZD
|
258
|
147
|
|
4.50%, 5/15/35
|
|
180
|
104
|
|
New Zealand Local Government Funding
Agency Bond,
|
|
|
|
|
MTN
|
|
|
|
|
4.40%, 9/8/27
|
AUD
|
2,130
|
1,469
|
|
|
|
|
1,720
|
|
Norway (0.0%)‡
|
|
|
|
|
Norway Government Bond,
|
|
|
|
|
3.75%, 6/12/35
|
NOK
|
1,080
|
106
|
|
Peru (0.0%)‡
|
|
|
|
|
Peru Government Bond,
|
|
|
|
|
5.40%, 8/12/34
|
PEN
|
620
|
177
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
Poland (0.1%)
|
|
|
|
|
Republic of Poland Government Bond,
|
|
|
|
|
1.75%, 4/25/32
|
PLN
|
2,290
|
$517
|
|
Portugal (0.1%)
|
|
|
|
|
Portugal Obrigacoes do Tesouro OT,
|
|
|
|
|
3.63%, 6/12/54
|
EUR
|
210
|
229
|
|
3.88%, 6/15/46
|
|
490
|
567
|
|
|
|
|
796
|
|
Romania (0.0%)‡
|
|
|
|
|
Romanian Government International Bond,
|
|
|
|
|
5.25%, 3/10/30
|
|
50
|
59
|
|
6.50%, 10/7/45 (b)
|
|
150
|
174
|
|
|
|
|
233
|
|
Singapore (0.1%)
|
|
|
|
|
Singapore Government Bond,
|
|
|
|
|
2.63%, 8/1/32
|
SGD
|
720
|
581
|
|
Slovakia (0.2%)
|
|
|
|
|
Slovakia Government Bond,
|
|
|
|
|
3.75%, 2/27/40
|
EUR
|
860
|
970
|
|
Spain (0.8%)
|
|
|
|
|
Spain Government Bond,
|
|
|
|
|
0.00%, 1/31/28
|
|
540
|
593
|
|
2.70%, 10/31/48
|
|
380
|
358
|
|
3.45%, 10/31/34
|
|
2,300
|
2,683
|
|
3.50%, 5/31/29
|
|
1,050
|
1,228
|
|
4.00%, 10/31/54
|
|
130
|
149
|
|
|
|
|
5,011
|
|
Sweden (0.1%)
|
|
|
|
|
Sweden Government Bond,
|
|
|
|
|
2.25%, 5/11/35
|
SEK
|
2,860
|
288
|
|
Switzerland (0.2%)
|
|
|
|
|
Swiss Confederation Government Bond,
|
|
|
|
|
0.25%, 6/23/35
|
CHF
|
810
|
1,005
|
|
Thailand (0.2%)
|
|
|
|
|
Thailand Government Bond,
|
|
|
|
|
1.59%, 12/17/35
|
THB
|
15,770
|
457
|
|
2.00%, 12/17/31
|
|
27,070
|
830
|
|
|
|
|
1,287
|
|
United Kingdom (1.1%)
|
|
|
|
|
United Kingdom Gilt,
|
|
|
|
|
0.38%, 10/22/30
|
GBP
|
490
|
553
|
|
0.63%, 10/22/50
|
|
2,220
|
1,041
|
|
0.88%, 7/31/33
|
|
1,900
|
1,968
|
|
3.75%, 10/22/53
|
|
740
|
740
|
|
4.25%, 7/31/34
|
|
910
|
1,176
|
|
4.50%, 6/7/28
|
|
690
|
921
|
|
|
|
|
6,399
|
|
|
|
|
124,507
|
|
Supranational (0.7%)
|
|
|
|
|
Corp. Andina de Fomento,
|
|
|
|
|
5.00%, 1/24/29 - 1/22/30
|
$
|
1,010
|
1,027
|
|
MTN
|
|
|
|
|
5.30%, 2/19/29
|
AUD
|
4,950
|
3,397
|
|
|
|
|
4,424
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
U.S. Treasury Securities (9.5%)
|
|
|
|
|
United States (9.5%)
|
|
|
|
|
U.S. Treasury Bonds,
|
|
|
|
|
1.13%, 5/15/40
|
$
|
5,160
|
$3,267
|
|
1.75%, 8/15/41
|
|
1,770
|
1,187
|
|
4.88%, 8/15/45
|
|
2,280
|
2,263
|
|
U.S. Treasury Inflation-Indexed Notes,
1.88%, 1/15/36
|
|
17,779
|
17,271
|
|
U.S. Treasury Notes,
|
|
|
|
|
1.38%, 10/31/28—11/15/31
|
|
6,390
|
5,882
|
|
3.38%, 5/15/33
|
|
3,590
|
3,391
|
|
4.00%, 5/31/28—2/15/34
|
|
15,190
|
15,083
|
|
4.13%, 8/31/30
|
|
5,490
|
5,475
|
|
4.38%, 5/15/36
|
|
3,400
|
3,382
|
|
|
|
|
57,201
|
|
Total Fixed Income Securities (Cost $267,441)
|
260,002
|
||
|
|
Shares
|
|
|
|
Common Stocks (50.0%)
|
|
|
|
|
Australia (0.9%)
|
|
|
|
|
ANZ Group Holdings Ltd.
|
|
11,319
|
276
|
|
APA Group
|
|
5,166
|
36
|
|
Aristocrat Leisure Ltd.
|
|
2,105
|
89
|
|
ASX Ltd.
|
|
758
|
28
|
|
BHP Group Ltd.
|
|
19,264
|
803
|
|
Brambles Ltd.
|
|
5,185
|
70
|
|
CAR Group Ltd.
|
|
1,440
|
26
|
|
Cochlear Ltd.
|
|
250
|
21
|
|
Coles Group Ltd.
|
|
5,160
|
87
|
|
Commonwealth Bank of Australia
|
|
6,281
|
716
|
|
Computershare Ltd.
|
|
1,989
|
53
|
|
CSL Ltd.
|
|
1,868
|
149
|
|
Evolution Mining Ltd.
|
|
7,777
|
64
|
|
Fortescue Ltd.
|
|
6,522
|
87
|
|
Goodman Group REIT
|
|
7,246
|
156
|
|
Insurance Australia Group Ltd.
|
|
8,915
|
50
|
|
Lottery Corp. Ltd.
|
|
8,505
|
34
|
|
Lynas Rare Earths Ltd. (e)
|
|
3,453
|
43
|
|
Macquarie Group Ltd.
|
|
1,366
|
237
|
|
Medibank Pvt Ltd.
|
|
10,433
|
36
|
|
National Australia Bank Ltd.
|
|
11,641
|
306
|
|
Northern Star Resources Ltd.
|
|
5,247
|
69
|
|
Origin Energy Ltd.
|
|
6,573
|
50
|
|
Pro Medicus Ltd.
|
|
211
|
30
|
|
Qantas Airways Ltd.
|
|
2,811
|
21
|
|
QBE Insurance Group Ltd.
|
|
5,891
|
103
|
|
REA Group Ltd.
|
|
200
|
19
|
|
Rio Tinto Ltd.
|
|
1,406
|
169
|
|
Santos Ltd.
|
|
12,376
|
61
|
|
Scentre Group REIT
|
|
19,914
|
53
|
|
SGH Ltd.
|
|
777
|
25
|
|
Sigma Healthcare Ltd.
|
|
19,792
|
38
|
|
Sonic Healthcare Ltd.
|
|
1,781
|
26
|
|
South32 Ltd.
|
|
17,161
|
47
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Stockland REIT
|
|
9,460
|
$27
|
|
Suncorp Group Ltd.
|
|
4,098
|
55
|
|
Telstra Group Ltd.
|
|
15,176
|
53
|
|
Transurban Group
|
|
11,863
|
118
|
|
Vicinity Ltd. REIT
|
|
15,263
|
27
|
|
Washington H Soul Pattinson & Co. Ltd.
|
|
1,294
|
41
|
|
Wesfarmers Ltd.
|
|
4,289
|
268
|
|
Westpac Banking Corp.
|
|
12,949
|
316
|
|
WiseTech Global Ltd.
|
|
756
|
17
|
|
Woodside Energy Group Ltd.
|
|
7,205
|
139
|
|
Woolworths Group Ltd.
|
|
4,686
|
129
|
|
Xero Ltd. (e)
|
|
636
|
32
|
|
|
|
|
5,300
|
|
Austria (0.1%)
|
|
|
|
|
BAWAG Group AG
|
|
589
|
118
|
|
Erste Group Bank AG
|
|
2,381
|
319
|
|
OMV AG
|
|
498
|
31
|
|
Raiffeisen Bank International AG
|
|
1,018
|
65
|
|
Verbund AG
|
|
230
|
15
|
|
|
|
|
548
|
|
Belgium (0.2%)
|
|
|
|
|
Ageas SA
|
|
545
|
44
|
|
Anheuser-Busch InBev SA
|
|
3,631
|
300
|
|
Argenx SE (e)
|
|
227
|
210
|
|
D'ieteren Group
|
|
79
|
15
|
|
Elia Group SA
|
|
161
|
26
|
|
Financiere de Tubize SA
|
|
73
|
19
|
|
Groupe Bruxelles Lambert NV
|
|
292
|
27
|
|
KBC Ancora
|
|
168
|
16
|
|
KBC Group NV
|
|
1,854
|
253
|
|
Lotus Bakeries NV
|
|
2
|
26
|
|
Sofina SA
|
|
61
|
16
|
|
Syensqo SA
|
|
268
|
20
|
|
UCB SA
|
|
461
|
138
|
|
|
|
|
1,110
|
|
Canada (1.8%)
|
|
|
|
|
Agnico Eagle Mines Ltd.
|
|
1,832
|
285
|
|
Alamos Gold, Inc., Class A
|
|
1,599
|
48
|
|
Alimentation Couche-Tard, Inc.
|
|
2,588
|
165
|
|
AltaGas Ltd.
|
|
1,140
|
42
|
|
ARC Resources Ltd.
|
|
2,110
|
44
|
|
AtkinsRealis Group, Inc.
|
|
597
|
37
|
|
Bank of Montreal
|
|
2,581
|
456
|
|
Bank of Nova Scotia
|
|
4,510
|
392
|
|
Barrick Mining Corp.
|
|
6,188
|
228
|
|
BCE, Inc.
|
|
274
|
6
|
|
Bombardier, Inc., Class B (e)
|
|
277
|
64
|
|
Brookfield Asset Management Ltd., Class A
|
|
1,472
|
66
|
|
Brookfield Corp.
|
|
7,408
|
316
|
|
Brookfield Renewable Corp.
|
|
498
|
19
|
|
CAE, Inc. (e)
|
|
1,116
|
28
|
|
Cameco Corp.
|
|
1,530
|
156
|
|
Canadian Imperial Bank of Commerce
|
|
3,384
|
390
|
|
Canadian National Railway Co.
|
|
1,886
|
225
|
|
|
Shares
|
Value
(000)
|
|
|
Canada (cont'd)
|
|
|
|
|
Canadian Natural Resources Ltd.
|
|
7,712
|
$305
|
|
Canadian Pacific Kansas City Ltd.
|
|
3,271
|
284
|
|
Canadian Tire Corp. Ltd., Class A
|
|
184
|
25
|
|
Canadian Utilities Ltd., Class A
|
|
498
|
19
|
|
CCL Industries, Inc., Class B
|
|
530
|
35
|
|
Celestica, Inc. (e)
|
|
404
|
147
|
|
Cenovus Energy, Inc.
|
|
5,236
|
130
|
|
CGI, Inc.
|
|
727
|
47
|
|
Constellation Software, Inc.
|
|
75
|
141
|
|
Descartes Systems Group, Inc. (e)
|
|
324
|
22
|
|
Dollarama, Inc.
|
|
999
|
132
|
|
Element Fleet Management Corp.
|
|
1,462
|
30
|
|
Emera, Inc.
|
|
1,115
|
59
|
|
Empire Co. Ltd., Class A
|
|
465
|
16
|
|
Enbridge, Inc.
|
|
7,939
|
431
|
|
Fairfax Financial Holdings Ltd.
|
|
76
|
125
|
|
First Quantum Minerals Ltd. (e)
|
|
2,580
|
70
|
|
FirstService Corp.
|
|
154
|
22
|
|
Fortis, Inc.
|
|
1,868
|
107
|
|
Franco-Nevada Corp.
|
|
712
|
149
|
|
George Weston Ltd.
|
|
631
|
45
|
|
GFL Environmental, Inc.
|
|
912
|
34
|
|
Gildan Activewear, Inc.
|
|
596
|
31
|
|
Great-West Lifeco, Inc.
|
|
1,005
|
64
|
|
Hydro One Ltd.
|
|
1,218
|
50
|
|
iA Financial Corp., Inc.
|
|
337
|
47
|
|
IGM Financial, Inc.
|
|
299
|
17
|
|
Imperial Oil Ltd.
|
|
622
|
70
|
|
Intact Financial Corp.
|
|
661
|
136
|
|
Ivanhoe Mines Ltd., Class A (e)
|
|
2,863
|
22
|
|
Keyera Corp.
|
|
842
|
34
|
|
Kinross Gold Corp.
|
|
4,454
|
105
|
|
Loblaw Cos. Ltd.
|
|
2,174
|
99
|
|
Lundin Gold, Inc.
|
|
398
|
21
|
|
Lundin Mining Corp.
|
|
2,483
|
61
|
|
LunR Royalties Corp. (e)
|
|
83
|
1
|
|
Magna International, Inc.
|
|
961
|
63
|
|
Manulife Financial Corp.
|
|
6,104
|
248
|
|
Metro, Inc.
|
|
742
|
47
|
|
National Bank of Canada
|
|
1,425
|
225
|
|
Nutrien Ltd.
|
|
1,750
|
110
|
|
Open Text Corp.
|
|
937
|
21
|
|
Pan American Silver Corp.
|
|
1,552
|
70
|
|
Pembina Pipeline Corp.
|
|
2,133
|
99
|
|
Power Corp. of Canada
|
|
2,008
|
125
|
|
RB Global, Inc.
|
|
694
|
81
|
|
Restaurant Brands International, Inc.
|
|
1,199
|
87
|
|
Rogers Communications, Inc., Class B
|
|
1,358
|
44
|
|
Royal Bank of Canada
|
|
5,110
|
1,058
|
|
Saputo, Inc.
|
|
907
|
26
|
|
Shopify, Inc., Class A (e)
|
|
4,569
|
523
|
|
Stantec, Inc.
|
|
420
|
29
|
|
Sun Life Financial, Inc.
|
|
2,026
|
159
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Suncor Energy, Inc.
|
|
4,431
|
$238
|
|
TC Energy Corp.
|
|
3,765
|
249
|
|
Teck Resources Ltd., Class B
|
|
1,639
|
98
|
|
TELUS Corp.
|
|
1,867
|
20
|
|
TFI International, Inc.
|
|
290
|
42
|
|
Thomson Reuters Corp.
|
|
568
|
46
|
|
TMX Group Ltd.
|
|
1,016
|
33
|
|
Toromont Industries Ltd.
|
|
301
|
50
|
|
Toronto-Dominion Bank
|
|
6,154
|
748
|
|
Tourmaline Oil Corp.
|
|
1,348
|
56
|
|
Wheaton Precious Metals Corp.
|
|
1,673
|
188
|
|
Whitecap Resources, Inc.
|
|
4,527
|
47
|
|
WSP Global, Inc.
|
|
493
|
61
|
|
|
|
|
10,991
|
|
China (0.0%)‡
|
|
|
|
|
China Common Rich Renewable Energy
Investments Ltd. (e)(f)
|
|
42,000
|
—
|
|
Vnet Group, Inc. ADR (e)
|
|
806
|
7
|
|
|
|
|
7
|
|
Denmark (0.2%)
|
|
|
|
|
AP Moller - Maersk AS Series B
|
|
26
|
61
|
|
Carlsberg AS Series B
|
|
344
|
45
|
|
Coloplast AS Series B
|
|
460
|
26
|
|
Danske Bank AS
|
|
2,406
|
129
|
|
Demant AS (e)
|
|
342
|
14
|
|
DSV AS
|
|
747
|
178
|
|
Genmab AS (e)
|
|
224
|
61
|
|
Novo Nordisk AS, Class B
|
|
12,042
|
578
|
|
Novonesis Novozymes B Series B
|
|
1,314
|
83
|
|
Orsted AS (e)
|
|
1,915
|
43
|
|
Pandora AS
|
|
291
|
34
|
|
Rockwool AS, Class B
|
|
354
|
11
|
|
Tryg AS
|
|
1,219
|
28
|
|
Vestas Wind Systems AS
|
|
3,564
|
101
|
|
|
|
|
1,392
|
|
Finland (0.2%)
|
|
|
|
|
Elisa OYJ
|
|
526
|
22
|
|
Fortum OYJ
|
|
1,635
|
38
|
|
Kesko OYJ, Class B
|
|
1,001
|
22
|
|
Kone OYJ, Class B
|
|
1,260
|
72
|
|
Metso OYJ
|
|
2,412
|
42
|
|
Neste OYJ
|
|
1,554
|
51
|
|
Nokia OYJ
|
|
19,712
|
263
|
|
Nordea Bank Abp
|
|
25,791
|
489
|
|
Orion OYJ, Class B
|
|
397
|
33
|
|
Sampo OYJ, Class A
|
|
8,794
|
92
|
|
Stora Enso OYJ, Class R
|
|
2,133
|
23
|
|
UPM-Kymmene OYJ
|
|
1,907
|
51
|
|
Wartsila OYJ Abp
|
|
1,845
|
70
|
|
|
|
|
1,268
|
|
France (1.5%)
|
|
|
|
|
Accor SA
|
|
680
|
39
|
|
Aeroports de Paris SA
|
|
126
|
16
|
|
Air Liquide SA
|
|
2,305
|
456
|
|
|
Shares
|
Value
(000)
|
|
|
France (cont'd)
|
|
|
|
|
Airbus SE
|
|
2,154
|
$479
|
|
Alstom SA (e)
|
|
1,210
|
21
|
|
Amundi SA
|
|
227
|
22
|
|
ArcelorMittal SA
|
|
1,555
|
94
|
|
AXA SA
|
|
6,037
|
303
|
|
Ayvens SA
|
|
1,278
|
17
|
|
BioMerieux
|
|
150
|
12
|
|
BNP Paribas SA
|
|
8,365
|
977
|
|
Bollore SE
|
|
2,569
|
12
|
|
Bouygues SA
|
|
695
|
39
|
|
Bureau Veritas SA
|
|
1,293
|
40
|
|
Capgemini SE
|
|
542
|
54
|
|
Carrefour SA
|
|
2,121
|
39
|
|
Cie de Saint-Gobain SA
|
|
1,608
|
146
|
|
Cie Generale des Etablissements Michelin SCA
|
|
2,366
|
91
|
|
Covivio SA REIT
|
|
202
|
12
|
|
Credit Agricole SA
|
|
8,725
|
175
|
|
Danone SA
|
|
2,355
|
192
|
|
Dassault Aviation SA
|
|
70
|
23
|
|
Dassault Systemes SE
|
|
2,431
|
50
|
|
Eiffage SA
|
|
246
|
36
|
|
Engie SA
|
|
6,671
|
210
|
|
EssilorLuxottica SA
|
|
1,100
|
207
|
|
Eurofins Scientific SE
|
|
433
|
34
|
|
Euronext NV
|
|
279
|
45
|
|
Gecina SA REIT
|
|
167
|
14
|
|
Getlink SE
|
|
1,065
|
23
|
|
Hermes International SCA
|
|
117
|
214
|
|
Ipsen SA
|
|
137
|
26
|
|
Kering SA
|
|
274
|
78
|
|
Klepierre SA REIT
|
|
779
|
33
|
|
Legrand SA
|
|
950
|
161
|
|
L'Oreal SA
|
|
876
|
384
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
917
|
507
|
|
Orange SA
|
|
6,705
|
126
|
|
Pernod Ricard SA
|
|
753
|
55
|
|
Publicis Groupe SA
|
|
828
|
82
|
|
Renault SA
|
|
694
|
20
|
|
Rexel SA
|
|
798
|
35
|
|
Safran SA
|
|
1,282
|
505
|
|
Sanofi SA
|
|
3,962
|
339
|
|
Sartorius Stedim Biotech
|
|
109
|
23
|
|
Schneider Electric SE
|
|
2,003
|
655
|
|
Societe Generale SA
|
|
5,971
|
528
|
|
Sodexo SA
|
|
322
|
19
|
|
STMicroelectronics NV
|
|
2,480
|
183
|
|
Thales SA
|
|
332
|
85
|
|
TotalEnergies SE
|
|
7,280
|
563
|
|
Unibail-Rodamco-Westfield REIT
|
|
441
|
52
|
|
Veolia Environnement SA
|
|
2,275
|
95
|
|
Vinci SA
|
|
1,778
|
260
|
|
|
|
|
8,906
|
|
|
Shares
|
Value
(000)
|
|
|
Germany (1.4%)
|
|
|
|
|
adidas AG
|
|
617
|
$127
|
|
Allianz SE (Registered)
|
|
1,378
|
652
|
|
BASF SE
|
|
3,281
|
175
|
|
Bayer AG (Registered)
|
|
3,546
|
196
|
|
Bayerische Motoren Werke AG
|
|
1,025
|
67
|
|
Bayerische Motoren Werke AG (Preference)
|
|
200
|
13
|
|
Beiersdorf AG
|
|
352
|
30
|
|
Brenntag SE
|
|
442
|
27
|
|
Commerzbank AG
|
|
5,616
|
239
|
|
Continental AG
|
|
399
|
33
|
|
CTS Eventim AG & Co. KGaA
|
|
227
|
13
|
|
Daimler Truck Holding AG
|
|
1,665
|
80
|
|
Delivery Hero SE (e)
|
|
736
|
30
|
|
Deutsche Bank AG (Registered)
|
|
14,841
|
503
|
|
Deutsche Boerse AG
|
|
674
|
184
|
|
Deutsche Lufthansa AG (Registered)
|
|
2,174
|
25
|
|
Deutsche Post AG (Registered)
|
|
3,339
|
203
|
|
Deutsche Telekom AG (Registered)
|
|
13,306
|
363
|
|
Dr. Ing hc F Porsche AG (Preference)
|
|
413
|
21
|
|
E.ON SE
|
|
8,121
|
167
|
|
Evonik Industries AG
|
|
929
|
17
|
|
Fresenius Medical Care AG
|
|
801
|
36
|
|
Fresenius SE & Co. KGaA
|
|
1,542
|
70
|
|
GEA Group AG
|
|
529
|
36
|
|
Hannover Rueck SE (Registered)
|
|
219
|
61
|
|
Heidelberg Materials AG
|
|
487
|
93
|
|
Henkel AG & Co. KGaA
|
|
377
|
30
|
|
Henkel AG & Co. KGaA (Preference)
|
|
580
|
49
|
|
Hensoldt AG
|
|
223
|
17
|
|
HOCHTIEF AG
|
|
55
|
32
|
|
Infineon Technologies AG
|
|
4,712
|
444
|
|
Knorr-Bremse AG
|
|
264
|
31
|
|
LEG Immobilien SE
|
|
276
|
17
|
|
Linde PLC
|
|
1,510
|
784
|
|
Mercedes-Benz Group AG (Registered)
|
|
2,602
|
131
|
|
Merck KGaA
|
|
469
|
79
|
|
MTU Aero Engines AG
|
|
193
|
80
|
|
Muenchener Rueckversicherungs-Gesellschaft AG
in Muenchen (Registered)
|
|
471
|
263
|
|
Nemetschek SE
|
|
208
|
13
|
|
Porsche Automobil Holding SE (Preference)
|
|
556
|
17
|
|
Qiagen NV
|
|
750
|
29
|
|
Rational AG
|
|
18
|
13
|
|
Rheinmetall AG
|
|
164
|
187
|
|
RWE AG
|
|
2,272
|
147
|
|
SAP SE
|
|
3,781
|
583
|
|
Sartorius AG (Preference)
|
|
95
|
25
|
|
Scout24 SE
|
|
270
|
22
|
|
Siemens AG (Registered)
|
|
2,762
|
888
|
|
Siemens Energy AG
|
|
2,838
|
541
|
|
Siemens Healthineers AG
|
|
1,231
|
48
|
|
Symrise AG
|
|
485
|
49
|
|
Talanx AG
|
|
233
|
29
|
|
|
Shares
|
Value
(000)
|
|
|
Germany (cont'd)
|
|
|
|
|
Volkswagen AG (Preference)
|
|
746
|
$60
|
|
Vonovia SE
|
|
2,783
|
69
|
|
Zalando SE (e)
|
|
808
|
23
|
|
|
|
|
8,161
|
|
Greece (0.1%)
|
|
|
|
|
Alpha Bank SA
|
|
15,713
|
71
|
|
Eurobank SA
|
|
25,232
|
121
|
|
National Bank of Greece SA
|
|
8,637
|
149
|
|
Piraeus Bank SA (e)
|
|
11,069
|
115
|
|
|
|
|
456
|
|
Hong Kong (0.2%)
|
|
|
|
|
AIA Group Ltd.
|
|
40,717
|
373
|
|
BOC Hong Kong Holdings Ltd.
|
|
14,183
|
77
|
|
CK Asset Holdings Ltd.
|
|
7,424
|
42
|
|
CK Hutchison Holdings Ltd.
|
|
10,298
|
87
|
|
CK Infrastructure Holdings Ltd.
|
|
2,429
|
18
|
|
CLP Holdings Ltd.
|
|
6,329
|
59
|
|
Futu Holdings Ltd. ADR
|
|
221
|
21
|
|
Galaxy Entertainment Group Ltd.
|
|
7,596
|
29
|
|
Henderson Land Development Co. Ltd.
|
|
5,665
|
18
|
|
HKT Trust & HKT Ltd.
|
|
14,541
|
22
|
|
Hong Kong & China Gas Co. Ltd.
|
|
43,213
|
36
|
|
Hong Kong Exchanges & Clearing Ltd.
|
|
4,662
|
217
|
|
Hongkong Land Holdings Ltd.
|
|
4,196
|
30
|
|
Jardine Matheson Holdings Ltd.
|
|
627
|
39
|
|
Link REIT
|
|
10,452
|
49
|
|
MTR Corp. Ltd.
|
|
5,976
|
23
|
|
Power Assets Holdings Ltd.
|
|
5,340
|
39
|
|
Sands China Ltd.
|
|
9,330
|
15
|
|
Sino Land Co. Ltd.
|
|
14,288
|
19
|
|
SITC International Holdings Co. Ltd.
|
|
5,129
|
21
|
|
Sun Hung Kai Properties Ltd.
|
|
5,561
|
80
|
|
Swire Pacific Ltd., Class A
|
|
1,340
|
14
|
|
Techtronic Industries Co. Ltd.
|
|
5,625
|
94
|
|
WH Group Ltd.
|
|
32,253
|
34
|
|
Wharf Holdings Ltd.
|
|
4,128
|
9
|
|
Wharf Real Estate Investment Co. Ltd.
|
|
6,431
|
17
|
|
|
|
|
1,482
|
|
Ireland (0.1%)
|
|
|
|
|
AIB Group PLC
|
|
17,130
|
201
|
|
Bank of Ireland Group PLC
|
|
7,561
|
151
|
|
Kerry Group PLC, Class A
|
|
612
|
56
|
|
Kingspan Group PLC
|
|
576
|
53
|
|
Ryanair Holdings PLC
|
|
3,174
|
99
|
|
|
|
|
560
|
|
Israel (0.2%)
|
|
|
|
|
Azrieli Group Ltd.
|
|
154
|
21
|
|
Bank Hapoalim BM
|
|
4,552
|
105
|
|
Bank Leumi Le-Israel BM
|
|
5,395
|
121
|
|
Check Point Software Technologies Ltd. (e)
|
|
312
|
41
|
|
CyberArk Software Ltd. (e)
|
|
197
|
9
|
|
Elbit Systems Ltd.
|
|
101
|
77
|
|
ICL Group Ltd.
|
|
2,819
|
14
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Israel Discount Bank Ltd., Class A
|
|
4,453
|
$44
|
|
Mizrahi Tefahot Bank Ltd.
|
|
568
|
38
|
|
Monday.com Ltd. (e)
|
|
157
|
11
|
|
Nice Ltd. (e)
|
|
225
|
20
|
|
Nova Ltd. (e)
|
|
108
|
57
|
|
Phoenix Financial Ltd.
|
|
830
|
46
|
|
Teva Pharmaceutical Industries Ltd. ADR (e)
|
|
4,172
|
141
|
|
Tower Semiconductor Ltd. (e)
|
|
907
|
235
|
|
|
|
|
980
|
|
Italy (0.7%)
|
|
|
|
|
Banca Generali SpA
|
|
265
|
20
|
|
Banca Mediolanum SpA
|
|
816
|
20
|
|
Banca Monte dei Paschi di Siena SpA
|
|
17,500
|
217
|
|
Banco BPM SpA
|
|
8,909
|
154
|
|
BPER Banca SpA
|
|
12,076
|
190
|
|
Buzzi SpA
|
|
276
|
14
|
|
Davide Campari-Milano NV
|
|
2,263
|
14
|
|
Enel SpA
|
|
29,695
|
341
|
|
Eni SpA
|
|
7,489
|
176
|
|
Ferrari NV (Euronext NV)
|
|
467
|
174
|
|
FinecoBank Banca Fineco SpA
|
|
4,968
|
125
|
|
Generali
|
|
3,084
|
150
|
|
Intesa Sanpaolo SpA
|
|
119,673
|
822
|
|
Italgas SpA
|
|
2,197
|
25
|
|
Leonardo SpA
|
|
1,447
|
78
|
|
Moncler SpA
|
|
855
|
50
|
|
Poste Italiane SpA
|
|
1,651
|
54
|
|
Prysmian SpA
|
|
1,020
|
172
|
|
Recordati Industria Chimica e Farmaceutica SpA
|
|
421
|
25
|
|
Snam SpA
|
|
7,338
|
53
|
|
Stellantis NV (e)
|
|
7,380
|
42
|
|
Telecom Italia SpA (e)
|
|
6,351
|
58
|
|
Tenaris SA
|
|
1,365
|
38
|
|
Terna - Rete Elettrica Nazionale
|
|
5,155
|
60
|
|
UniCredit SpA
|
|
11,490
|
1,030
|
|
Unipol Assicurazioni SpA
|
|
1,307
|
36
|
|
|
|
|
4,138
|
|
Netherlands (0.9%)
|
|
|
|
|
ABN AMRO Bank NV CVA
|
|
4,578
|
195
|
|
Adyen NV (e)
|
|
116
|
109
|
|
Aegon Ltd.
|
|
4,507
|
38
|
|
AerCap Holdings NV
|
|
610
|
89
|
|
Akzo Nobel NV
|
|
625
|
42
|
|
ASM International NV
|
|
172
|
198
|
|
ASML Holding NV
|
|
1,417
|
2,806
|
|
ASR Nederland NV
|
|
564
|
43
|
|
BE Semiconductor Industries NV
|
|
265
|
87
|
|
Coca-Cola Europacific Partners PLC
|
|
758
|
76
|
|
CSG NV (e)
|
|
727
|
11
|
|
CVC Capital Partners PLC
|
|
775
|
11
|
|
DSM-Firmenich AG
|
|
634
|
60
|
|
EXOR NV
|
|
340
|
26
|
|
Heineken Holding NV
|
|
469
|
36
|
|
Heineken NV
|
|
1,043
|
87
|
|
|
Shares
|
Value
(000)
|
|
|
Netherlands (cont'd)
|
|
|
|
|
ING Groep NV
|
|
23,346
|
$737
|
|
InPost SA (e)
|
|
910
|
16
|
|
JDE Peet's NV
|
|
622
|
23
|
|
Koninklijke Ahold Delhaize NV
|
|
3,233
|
130
|
|
Koninklijke KPN NV
|
|
13,800
|
68
|
|
Koninklijke Philips NV
|
|
2,809
|
76
|
|
Magnum Ice Cream Co. NV (e)
|
|
1,823
|
32
|
|
Nebius Group NV, Class A (e)
|
|
778
|
215
|
|
NN Group NV
|
|
943
|
83
|
|
Prosus NV (e)
|
|
4,714
|
205
|
|
Randstad NV
|
|
411
|
12
|
|
Universal Music Group NV
|
|
3,968
|
83
|
|
Wolters Kluwer NV
|
|
828
|
53
|
|
|
|
|
5,647
|
|
New Zealand (0.0%)‡
|
|
|
|
|
Auckland International Airport Ltd.
|
|
5,646
|
27
|
|
Contact Energy Ltd.
|
|
2,911
|
16
|
|
Fisher & Paykel Healthcare Corp. Ltd.
|
|
1,950
|
43
|
|
Infratil Ltd.
|
|
3,039
|
27
|
|
Meridian Energy Ltd.
|
|
4,356
|
14
|
|
|
|
|
127
|
|
Norway (0.1%)
|
|
|
|
|
Aker BP ASA
|
|
1,152
|
35
|
|
DNB Bank ASA
|
|
3,138
|
93
|
|
Equinor ASA
|
|
2,783
|
88
|
|
Gjensidige Forsikring ASA
|
|
708
|
19
|
|
Kongsberg Gruppen ASA
|
|
1,556
|
47
|
|
Kongsberg Maritime AS (e)
|
|
1,556
|
8
|
|
Mowi ASA
|
|
1,677
|
31
|
|
Norsk Hydro ASA
|
|
4,990
|
45
|
|
Orkla ASA
|
|
2,490
|
26
|
|
Salmar ASA
|
|
239
|
11
|
|
Telenor ASA
|
|
2,202
|
32
|
|
Yara International ASA
|
|
591
|
26
|
|
|
|
|
461
|
|
Portugal (0.0%)‡
|
|
|
|
|
Banco Comercial Portugues SA, Class R
|
|
64,566
|
76
|
|
EDP Renewables SA
|
|
1,169
|
19
|
|
EDP SA
|
|
11,469
|
60
|
|
Galp Energia SGPS SA
|
|
1,537
|
33
|
|
Jeronimo Martins SGPS SA
|
|
1,033
|
20
|
|
|
|
|
208
|
|
Singapore (0.2%)
|
|
|
|
|
CapitaLand Ascendas REIT
|
|
14,727
|
28
|
|
CapitaLand Integrated Commercial Trust REIT (e)
|
|
23,047
|
42
|
|
CapitaLand Investment Ltd.
|
|
8,800
|
17
|
|
DBS Group Holdings Ltd.
|
|
7,967
|
404
|
|
Grab Holdings Ltd., Class A (e)
|
|
9,082
|
34
|
|
Keppel Ltd.
|
|
5,461
|
46
|
|
Keppel REIT REIT
|
|
606
|
1
|
|
Oversea-Chinese Banking Corp. Ltd.
|
|
12,771
|
245
|
|
Sea Ltd. ADR (e)
|
|
1,454
|
139
|
|
Sembcorp Industries Ltd.
|
|
3,362
|
17
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Singapore Airlines Ltd.
|
|
5,900
|
$35
|
|
Singapore Exchange Ltd.
|
|
3,212
|
60
|
|
Singapore Technologies Engineering Ltd.
|
|
5,856
|
47
|
|
Singapore Telecommunications Ltd.
|
|
28,078
|
96
|
|
United Overseas Bank Ltd.
|
|
4,716
|
145
|
|
Wilmar International Ltd.
|
|
7,298
|
20
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
9,753
|
26
|
|
|
|
|
1,402
|
|
South Africa (0.0%)‡
|
|
|
|
|
Valterra Platinum Ltd.
|
|
537
|
36
|
|
Spain (0.8%)
|
|
|
|
|
Acciona SA
|
|
88
|
28
|
|
ACS Actividades de Construccion y Servicios SA
|
|
632
|
93
|
|
Aena SME SA
|
|
2,709
|
83
|
|
Amadeus IT Group SA
|
|
1,629
|
95
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
44,696
|
1,125
|
|
Banco de Sabadell SA
|
|
39,960
|
142
|
|
Banco Santander SA
|
|
117,536
|
1,631
|
|
Bankinter SA
|
|
5,267
|
88
|
|
CaixaBank SA
|
|
28,825
|
408
|
|
Cellnex Telecom SA
|
|
1,680
|
50
|
|
Endesa SA
|
|
1,145
|
52
|
|
Ferrovial NV
|
|
1,849
|
127
|
|
Grifols SA
|
|
1,078
|
11
|
|
Iberdrola SA
|
|
23,249
|
579
|
|
Indra Sistemas SA
|
|
279
|
15
|
|
Industria de Diseno Textil SA
|
|
3,960
|
250
|
|
International Consolidated Airlines Group SA
|
|
4,249
|
27
|
|
Mapfre SA
|
|
3,291
|
16
|
|
Naturgy Energy Group SA
|
|
971
|
30
|
|
Redeia Corp. SA
|
|
1,462
|
25
|
|
Repsol SA
|
|
4,028
|
101
|
|
Telefonica SA
|
|
13,171
|
53
|
|
Unicaja Banco SA
|
|
4,920
|
18
|
|
|
|
|
5,047
|
|
Sweden (0.5%)
|
|
|
|
|
AddTech AB, Class B
|
|
940
|
33
|
|
Alfa Laval AB
|
|
1,047
|
62
|
|
Assa Abloy AB, Class B
|
|
3,599
|
127
|
|
Atlas Copco AB, Class A
|
|
15,348
|
297
|
|
Beijer Ref AB
|
|
1,473
|
22
|
|
Boliden AB
|
|
1,006
|
57
|
|
Epiroc AB, Class A
|
|
3,742
|
97
|
|
EQT AB
|
|
1,769
|
50
|
|
Essity AB, Class B
|
|
2,173
|
62
|
|
Evolution AB (e)
|
|
479
|
33
|
|
Fastighets AB Balder, Class B (e)
|
|
2,561
|
14
|
|
H & M Hennes & Mauritz AB, Class B
|
|
1,758
|
30
|
|
Hexagon AB, Class B
|
|
7,477
|
62
|
|
Holmen AB, Class B
|
|
256
|
8
|
|
Industrivarden AB, Class A
|
|
943
|
53
|
|
Indutrade AB
|
|
982
|
20
|
|
Investment AB Latour, Class B
|
|
526
|
10
|
|
Investor AB, Class B
|
|
6,535
|
272
|
|
|
Shares
|
Value
(000)
|
|
|
Sweden (cont'd)
|
|
|
|
|
L E Lundbergforetagen AB, Class B
|
|
272
|
$16
|
|
Lifco AB, Class B
|
|
836
|
27
|
|
Nibe Industrier AB, Class B
|
|
5,418
|
20
|
|
Norion Bank AB (e)
|
|
196
|
1
|
|
Octave Intelligence PLC (e)
|
|
747
|
12
|
|
Saab AB, Class B
|
|
1,154
|
60
|
|
Sagax AB, Class B
|
|
785
|
13
|
|
Sandvik AB
|
|
3,787
|
156
|
|
Securitas AB, Class B
|
|
1,766
|
29
|
|
Sinch AB (e)
|
|
5,436
|
21
|
|
Skandinaviska Enskilda Banken AB, Class A
|
|
5,415
|
108
|
|
Skanska AB, Class B
|
|
1,213
|
32
|
|
SKF AB, Class B
|
|
1,209
|
31
|
|
Spotify Technology SA (e)
|
|
568
|
261
|
|
Svenska Cellulosa AB SCA, Class B
|
|
2,195
|
22
|
|
Svenska Handelsbanken AB, Class A
|
|
5,198
|
77
|
|
Swedbank AB, Class A
|
|
3,040
|
114
|
|
Swedish Orphan Biovitrum AB (e)
|
|
708
|
34
|
|
Tele2 AB, Class B
|
|
1,956
|
34
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
10,088
|
113
|
|
Telia Co. AB
|
|
8,457
|
41
|
|
Trelleborg AB, Class B
|
|
726
|
30
|
|
Verisure PLC (e)
|
|
934
|
10
|
|
Volvo AB, Class B
|
|
5,698
|
194
|
|
|
|
|
2,765
|
|
Switzerland (1.2%)
|
|
|
|
|
ABB Ltd. (Registered)
|
|
5,656
|
615
|
|
Alcon AG
|
|
1,829
|
123
|
|
Avolta AG (Registered) (e)
|
|
318
|
21
|
|
Banque Cantonale Vaudoise (Registered)
|
|
109
|
16
|
|
Barry Callebaut AG (Registered)
|
|
13
|
18
|
|
Belimo Holding AG (Registered)
|
|
36
|
40
|
|
BKW AG
|
|
77
|
13
|
|
Chocoladefabriken Lindt & Spruengli AG
|
|
3
|
35
|
|
Cie Financiere Richemont SA, Class A
(Registered)
|
|
1,960
|
452
|
|
EMS-Chemie Holding AG (Registered)
|
|
27
|
23
|
|
Galderma Group AG (e)
|
|
667
|
152
|
|
Geberit AG (Registered)
|
|
123
|
82
|
|
Givaudan SA (Registered)
|
|
34
|
144
|
|
Helvetia Baloise Holding AG (Registered)
|
|
286
|
74
|
|
Holcim AG (e)
|
|
1,864
|
168
|
|
Julius Baer Group Ltd.
|
|
748
|
65
|
|
Kuehne & Nagel International AG (Registered)
|
|
174
|
42
|
|
Logitech International SA (Registered)
|
|
551
|
52
|
|
Lonza Group AG (Registered)
|
|
253
|
171
|
|
Nestle SA (Registered)
|
|
9,329
|
957
|
|
Novartis AG (Registered)
|
|
6,870
|
1,074
|
|
Partners Group Holding AG
|
|
82
|
67
|
|
Roche Holding AG
|
|
2,667
|
1,098
|
|
Sandoz Group AG
|
|
1,499
|
135
|
|
Schindler Holding AG
|
|
148
|
49
|
|
Schindler Holding AG (Registered)
|
|
85
|
27
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
SGS SA (Registered)
|
|
609
|
$71
|
|
Sika AG (Registered) (e)
|
|
555
|
114
|
|
Sonova Holding AG (Registered)
|
|
182
|
43
|
|
Straumann Holding AG (Registered)
|
|
403
|
53
|
|
Swatch Group AG
|
|
104
|
25
|
|
Swiss Life Holding AG (Registered)
|
|
103
|
113
|
|
Swiss Prime Site AG (Registered) (e)
|
|
293
|
48
|
|
Swiss Re AG
|
|
1,080
|
172
|
|
Swisscom AG (Registered)
|
|
94
|
72
|
|
UBS Group AG (Registered)
|
|
11,256
|
558
|
|
VAT Group AG
|
|
98
|
86
|
|
Zurich Insurance Group AG
|
|
530
|
392
|
|
|
|
|
7,460
|
|
United Kingdom (2.0%)
|
|
|
|
|
3i Group PLC
|
|
3,756
|
124
|
|
Admiral Group PLC
|
|
999
|
47
|
|
Airtel Africa PLC
|
|
3,546
|
15
|
|
Anglo American PLC
|
|
4,261
|
209
|
|
Antofagasta PLC
|
|
1,475
|
75
|
|
Associated British Foods PLC
|
|
1,212
|
32
|
|
AstraZeneca PLC
|
|
5,981
|
1,117
|
|
Autotrader Group PLC
|
|
3,191
|
21
|
|
Aviva PLC
|
|
11,641
|
100
|
|
BAE Systems PLC
|
|
11,288
|
277
|
|
Barclays PLC
|
|
52,854
|
354
|
|
Barratt Redrow PLC
|
|
5,099
|
19
|
|
BP PLC
|
|
60,101
|
370
|
|
British American Tobacco PLC
|
|
8,386
|
519
|
|
BT Group PLC
|
|
22,385
|
57
|
|
Bunzl PLC
|
|
1,232
|
43
|
|
Centrica PLC
|
|
17,556
|
40
|
|
Coca-Cola HBC AG (e)
|
|
832
|
54
|
|
Compass Group PLC
|
|
6,491
|
210
|
|
Diageo PLC
|
|
8,641
|
174
|
|
Endeavour Mining PLC
|
|
729
|
36
|
|
Entain PLC
|
|
2,307
|
17
|
|
Evraz PLC (e)(f)
|
|
2,495
|
—
|
|
Experian PLC
|
|
3,526
|
119
|
|
Fresnillo PLC
|
|
828
|
30
|
|
Glencore PLC (e)
|
|
37,840
|
258
|
|
GSK PLC
|
|
15,631
|
410
|
|
Haleon PLC
|
|
34,362
|
158
|
|
Halma PLC
|
|
1,455
|
76
|
|
HSBC Holdings PLC
|
|
65,905
|
1,246
|
|
Imperial Brands PLC
|
|
2,894
|
107
|
|
Informa PLC
|
|
4,967
|
60
|
|
InterContinental Hotels Group PLC
|
|
556
|
96
|
|
Intertek Group PLC
|
|
595
|
46
|
|
J Sainsbury PLC
|
|
6,547
|
28
|
|
JD Sports Fashion PLC
|
|
9,306
|
10
|
|
Kingfisher PLC
|
|
6,441
|
24
|
|
Land Securities Group PLC REIT
|
|
2,695
|
23
|
|
Legal & General Group PLC
|
|
21,709
|
82
|
|
Lloyds Banking Group PLC
|
|
224,080
|
328
|
|
|
Shares
|
Value
(000)
|
|
|
United Kingdom (cont'd)
|
|
|
|
|
London Stock Exchange Group PLC
|
|
1,732
|
$187
|
|
M&G PLC
|
|
8,764
|
39
|
|
Marks & Spencer Group PLC
|
|
7,777
|
38
|
|
Melrose Industries PLC
|
|
4,805
|
30
|
|
National Grid PLC
|
|
19,068
|
315
|
|
NatWest Group PLC
|
|
30,527
|
269
|
|
Next PLC
|
|
442
|
85
|
|
Paragon Offshore PLC (e)(f)
|
|
303
|
—
|
|
Pearson PLC
|
|
2,163
|
34
|
|
Prudential PLC
|
|
9,788
|
130
|
|
Reckitt Benckiser Group PLC
|
|
2,444
|
159
|
|
RELX PLC
|
|
6,981
|
221
|
|
Rentokil Initial PLC
|
|
9,733
|
55
|
|
Rio Tinto PLC
|
|
4,297
|
407
|
|
Rolls-Royce Holdings PLC
|
|
32,225
|
618
|
|
Sage Group PLC
|
|
3,624
|
39
|
|
Schroders PLC
|
|
2,793
|
22
|
|
Segro PLC REIT
|
|
4,957
|
58
|
|
Severn Trent PLC
|
|
1,038
|
41
|
|
Shell PLC
|
|
21,806
|
847
|
|
Smith & Nephew PLC
|
|
3,123
|
45
|
|
Smiths Group PLC
|
|
1,219
|
41
|
|
Spirax Group PLC
|
|
284
|
26
|
|
SSE PLC
|
|
4,566
|
147
|
|
Standard Chartered PLC
|
|
7,327
|
198
|
|
Standard Life PLC
|
|
2,699
|
30
|
|
Sunbelt Rentals Holdings, Inc.
|
|
1,605
|
117
|
|
Tesco PLC
|
|
24,198
|
148
|
|
Unilever PLC
|
|
8,423
|
506
|
|
United Utilities Group PLC
|
|
2,616
|
45
|
|
Vodafone Group PLC
|
|
70,780
|
94
|
|
Whitbread PLC
|
|
648
|
21
|
|
Wise Group PLC, Class A (e)
|
|
2,551
|
31
|
|
|
|
|
12,054
|
|
United States (36.7%)
|
|
|
|
|
3M Co.
|
|
1,697
|
275
|
|
A10 Networks, Inc.
|
|
2,871
|
107
|
|
Abbott Laboratories
|
|
5,687
|
516
|
|
AbbVie, Inc.
|
|
5,531
|
1,392
|
|
Accenture PLC, Class A
|
|
2,036
|
253
|
|
Adobe, Inc. (e)
|
|
1,367
|
280
|
|
Advanced Micro Devices, Inc. (e)
|
|
5,029
|
2,921
|
|
AECOM
|
|
417
|
29
|
|
Affirm Holdings, Inc. (e)
|
|
888
|
72
|
|
Aflac, Inc.
|
|
1,667
|
195
|
|
Agilent Technologies, Inc.
|
|
895
|
119
|
|
Air Products & Chemicals, Inc.
|
|
739
|
217
|
|
Airbnb, Inc., Class A (e)
|
|
1,393
|
199
|
|
Akamai Technologies, Inc. (e)
|
|
1,498
|
177
|
|
Allegion PLC
|
|
280
|
39
|
|
Alliant Energy Corp.
|
|
829
|
63
|
|
Allstate Corp.
|
|
830
|
197
|
|
Alnylam Pharmaceuticals, Inc. (e)
|
|
416
|
125
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Alphabet, Inc., Class A
|
|
31,567
|
$11,223
|
|
Altria Group, Inc.
|
|
5,158
|
371
|
|
Amazon.com, Inc. (e)
|
|
31,559
|
7,522
|
|
Amcor PLC
|
|
1,482
|
64
|
|
Ameren Corp.
|
|
868
|
98
|
|
American Electric Power Co., Inc.
|
|
1,715
|
235
|
|
American Express Co.
|
|
1,756
|
594
|
|
American International Group, Inc.
|
|
1,740
|
130
|
|
American Tower Corp. REIT
|
|
1,488
|
243
|
|
American Water Works Co., Inc.
|
|
652
|
86
|
|
Ameriprise Financial, Inc.
|
|
300
|
138
|
|
AMETEK, Inc.
|
|
724
|
175
|
|
Amgen, Inc.
|
|
1,703
|
617
|
|
Amphenol Corp., Class A
|
|
3,997
|
705
|
|
Amrize Ltd. (e)
|
|
1,616
|
86
|
|
Analog Devices, Inc.
|
|
1,538
|
611
|
|
Annaly Capital Management, Inc. REIT
|
|
2,190
|
49
|
|
Aon PLC, Class A
|
|
691
|
229
|
|
Apollo Global Management, Inc.
|
|
1,355
|
160
|
|
Apple, Inc.
|
|
47,102
|
13,629
|
|
Applied Materials, Inc.
|
|
2,489
|
1,800
|
|
AppLovin Corp., Class A (e)
|
|
751
|
387
|
|
Aptiv PLC (e)
|
|
681
|
42
|
|
Arch Capital Group Ltd. (e)
|
|
1,155
|
112
|
|
Archer-Daniels-Midland Co.
|
|
1,553
|
119
|
|
ARES Management Corp., Class A
|
|
671
|
75
|
|
Arista Networks, Inc. (e)
|
|
4,374
|
743
|
|
Arthur J Gallagher & Co.
|
|
862
|
198
|
|
AST SpaceMobile, Inc. (e)
|
|
691
|
61
|
|
Astera Labs, Inc. (e)
|
|
434
|
210
|
|
AT&T, Inc.
|
|
22,769
|
471
|
|
Atlassian Corp., Class A (e)
|
|
572
|
44
|
|
Atmos Energy Corp.
|
|
521
|
90
|
|
Autodesk, Inc. (e)
|
|
690
|
134
|
|
Automatic Data Processing, Inc.
|
|
1,331
|
298
|
|
AutoZone, Inc. (e)
|
|
52
|
166
|
|
AvalonBay Communities, Inc. REIT
|
|
464
|
88
|
|
Avery Dennison Corp.
|
|
248
|
40
|
|
Axon Enterprise, Inc. (e)
|
|
244
|
137
|
|
Baker Hughes Co.
|
|
3,170
|
176
|
|
Ball Corp.
|
|
818
|
51
|
|
Bandwidth, Inc., Class A (e)
|
|
2,244
|
142
|
|
Bank of America Corp.
|
|
22,028
|
1,255
|
|
Bank of New York Mellon Corp.
|
|
2,191
|
317
|
|
Becton Dickinson & Co.
|
|
910
|
138
|
|
Berkshire Hathaway, Inc., Class B (e)
|
|
4,479
|
2,241
|
|
Best Buy Co., Inc.
|
|
634
|
48
|
|
Biogen, Inc. (e)
|
|
490
|
106
|
|
Blackrock, Inc.
|
|
469
|
451
|
|
Blackstone, Inc.
|
|
2,302
|
271
|
|
Block, Inc., Class A (e)
|
|
1,764
|
134
|
|
Bloom Energy Corp., Class A (e)
|
|
747
|
226
|
|
Boeing Co. (e)
|
|
2,484
|
538
|
|
Booking Holdings, Inc.
|
|
2,696
|
481
|
|
|
Shares
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
Boston Scientific Corp. (e)
|
|
4,766
|
$203
|
|
Bristol-Myers Squibb Co.
|
|
6,346
|
366
|
|
Broadcom, Inc.
|
|
14,217
|
5,370
|
|
Broadridge Financial Solutions, Inc.
|
|
400
|
55
|
|
Brown & Brown, Inc.
|
|
981
|
63
|
|
Builders FirstSource, Inc. (e)
|
|
379
|
34
|
|
Bunge Global SA
|
|
432
|
46
|
|
Burlington Stores, Inc. (e)
|
|
203
|
64
|
|
Cadence Design Systems, Inc. (e)
|
|
887
|
333
|
|
Capital One Financial Corp.
|
|
2,060
|
413
|
|
Cardinal Health, Inc.
|
|
820
|
195
|
|
Carlisle Cos., Inc.
|
|
133
|
48
|
|
Carlyle Group, Inc.
|
|
731
|
31
|
|
Carnival Corp. Ltd.
|
|
3,490
|
100
|
|
Carrier Global Corp.
|
|
2,251
|
165
|
|
Carvana Co. (e)
|
|
2,205
|
145
|
|
Casey's General Stores, Inc.
|
|
115
|
91
|
|
Caterpillar, Inc.
|
|
1,375
|
1,464
|
|
Cboe Global Markets, Inc.
|
|
345
|
84
|
|
CBRE Group, Inc., Class A (e)
|
|
965
|
130
|
|
CDW Corp.
|
|
423
|
59
|
|
Cencora, Inc.
|
|
610
|
173
|
|
Centene Corp. (e)
|
|
19,375
|
1,244
|
|
CenterPoint Energy, Inc.
|
|
2,099
|
92
|
|
CF Industries Holdings, Inc.
|
|
510
|
55
|
|
CH Robinson Worldwide, Inc.
|
|
395
|
74
|
|
Charles Schwab Corp.
|
|
5,424
|
500
|
|
Charter Communications, Inc., Class A (e)
|
|
266
|
38
|
|
Cheniere Energy, Inc.
|
|
698
|
167
|
|
Chevron Corp.
|
|
6,193
|
1,027
|
|
Chipotle Mexican Grill, Inc. (e)
|
|
4,177
|
142
|
|
Chubb Ltd.
|
|
1,211
|
413
|
|
Church & Dwight Co., Inc.
|
|
775
|
75
|
|
Ciena Corp. (e)
|
|
968
|
475
|
|
Cigna Group
|
|
5,423
|
1,495
|
|
Cincinnati Financial Corp.
|
|
505
|
93
|
|
Cintas Corp.
|
|
1,164
|
198
|
|
Circle Internet Group, Inc. (e)
|
|
873
|
55
|
|
Cisco Systems, Inc.
|
|
14,030
|
1,648
|
|
Citigroup, Inc.
|
|
5,777
|
809
|
|
Citizens Financial Group, Inc.
|
|
1,387
|
97
|
|
Clorox Co.
|
|
388
|
37
|
|
Cloudflare, Inc., Class A (e)
|
|
2,250
|
552
|
|
CME Group, Inc.
|
|
1,172
|
259
|
|
CMS Energy Corp.
|
|
972
|
74
|
|
CNH Industrial NV
|
|
2,665
|
30
|
|
Coca-Cola Co.
|
|
13,332
|
1,083
|
|
Coeur Mining, Inc.
|
|
3,268
|
53
|
|
Cognizant Technology Solutions Corp., Class A
|
|
1,636
|
63
|
|
Coherent Corp. (e)
|
|
484
|
191
|
|
Coinbase Global, Inc., Class A (e)
|
|
684
|
100
|
|
Colgate-Palmolive Co.
|
|
2,468
|
226
|
|
Comcast Corp., Class A
|
|
11,708
|
287
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Comfort Systems USA, Inc.
|
|
107
|
$212
|
|
ConocoPhillips
|
|
4,084
|
425
|
|
Consolidated Edison, Inc.
|
|
1,159
|
128
|
|
Constellation Brands, Inc., Class A
|
|
459
|
64
|
|
Constellation Energy Corp.
|
|
955
|
237
|
|
Cooper Cos., Inc. (e)
|
|
618
|
44
|
|
Copart, Inc. (e)
|
|
2,994
|
84
|
|
Corebridge Financial, Inc.
|
|
881
|
25
|
|
CoreWeave, Inc., Class A (e)
|
|
749
|
75
|
|
Corning, Inc.
|
|
2,468
|
630
|
|
Corpay, Inc. (e)
|
|
220
|
73
|
|
Corteva, Inc.
|
|
2,142
|
181
|
|
CoStar Group, Inc. (e)
|
|
1,368
|
39
|
|
Costco Wholesale Corp.
|
|
1,418
|
1,327
|
|
Credo Technology Group Holding Ltd. (e)
|
|
533
|
145
|
|
CRH PLC
|
|
2,113
|
226
|
|
Crowdstrike Holdings, Inc., Class A (e)
|
|
954
|
728
|
|
Crown Castle, Inc. REIT
|
|
1,373
|
104
|
|
CSX Corp.
|
|
6,001
|
285
|
|
Cummins, Inc.
|
|
427
|
305
|
|
Curtiss-Wright Corp.
|
|
115
|
87
|
|
CVS Health Corp.
|
|
17,482
|
1,809
|
|
Danaher Corp.
|
|
2,054
|
391
|
|
Darden Restaurants, Inc.
|
|
367
|
76
|
|
Datadog, Inc., Class A (e)
|
|
1,638
|
426
|
|
Deckers Outdoor Corp. (e)
|
|
465
|
46
|
|
Deere & Co.
|
|
790
|
501
|
|
Dell Technologies, Inc., Class C
|
|
1,026
|
443
|
|
Delta Air Lines, Inc.
|
|
518
|
49
|
|
Devon Energy Corp.
|
|
3,667
|
152
|
|
Dexcom, Inc. (e)
|
|
1,228
|
83
|
|
Diamondback Energy, Inc.
|
|
609
|
107
|
|
Dick's Sporting Goods, Inc.
|
|
211
|
48
|
|
Digital Realty Trust, Inc. REIT
|
|
1,148
|
206
|
|
DigitalOcean Holdings, Inc. (e)
|
|
310
|
49
|
|
Docusign, Inc. (e)
|
|
2,267
|
101
|
|
Dollar General Corp.
|
|
710
|
82
|
|
Dollar Tree, Inc. (e)
|
|
606
|
73
|
|
Dominion Energy, Inc.
|
|
2,730
|
186
|
|
Domino's Pizza, Inc.
|
|
102
|
30
|
|
DoorDash, Inc., Class A (e)
|
|
1,251
|
231
|
|
Dover Corp.
|
|
438
|
98
|
|
Dow, Inc.
|
|
2,248
|
62
|
|
Dr. Horton, Inc.
|
|
841
|
137
|
|
DraftKings, Inc., Class A (e)
|
|
1,456
|
37
|
|
DTE Energy Co.
|
|
661
|
101
|
|
Duke Energy Corp.
|
|
2,494
|
316
|
|
DuPont de Nemours, Inc.
|
|
441
|
60
|
|
Dynatrace, Inc. (e)
|
|
2,859
|
126
|
|
Eaton Corp. PLC
|
|
1,203
|
513
|
|
eBay, Inc.
|
|
1,460
|
163
|
|
EchoStar Corp., Class A (e)
|
|
440
|
45
|
|
Ecolab, Inc.
|
|
814
|
227
|
|
Edison International
|
|
1,224
|
91
|
|
|
Shares
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
Edwards Lifesciences Corp. (e)
|
|
1,838
|
$166
|
|
Elastic NV (e)
|
|
1,318
|
75
|
|
Electronic Arts, Inc.
|
|
773
|
158
|
|
Elevance Health, Inc.
|
|
4,946
|
1,913
|
|
Eli Lilly & Co.
|
|
2,364
|
2,835
|
|
EMCOR Group, Inc.
|
|
135
|
112
|
|
Emerson Electric Co.
|
|
1,784
|
255
|
|
Entegris, Inc.
|
|
527
|
95
|
|
Entergy Corp.
|
|
1,423
|
163
|
|
EOG Resources, Inc.
|
|
1,749
|
227
|
|
EQT Corp.
|
|
1,997
|
106
|
|
Equifax, Inc.
|
|
397
|
63
|
|
Equinix, Inc. REIT
|
|
359
|
374
|
|
Equitable Holdings, Inc.
|
|
912
|
40
|
|
Equity Residential REIT
|
|
1,182
|
80
|
|
Erie Indemnity Co., Class A
|
|
84
|
20
|
|
Essex Property Trust, Inc. REIT
|
|
212
|
62
|
|
Estee Lauder Cos., Inc., Class A
|
|
785
|
62
|
|
Everest Group Ltd.
|
|
133
|
48
|
|
Evergy, Inc.
|
|
739
|
64
|
|
Everpure, Inc., Class A (e)
|
|
999
|
79
|
|
Eversource Energy
|
|
1,201
|
87
|
|
Exelon Corp.
|
|
3,335
|
155
|
|
Expand Energy Corp.
|
|
766
|
70
|
|
Expedia Group, Inc.
|
|
380
|
97
|
|
Expeditors International of Washington, Inc.
|
|
439
|
72
|
|
Extra Space Storage, Inc. REIT
|
|
683
|
99
|
|
Exxon Mobil Corp.
|
|
13,758
|
1,881
|
|
F5, Inc. (e)
|
|
677
|
282
|
|
Fair Isaac Corp. (e)
|
|
83
|
99
|
|
Fastenal Co.
|
|
3,651
|
175
|
|
Fastly, Inc., Class A (e)
|
|
7,260
|
133
|
|
FedEx Corp.
|
|
710
|
222
|
|
Fedex Freight Holding Co., Inc. (e)
|
|
355
|
54
|
|
Ferguson Enterprises, Inc.
|
|
613
|
145
|
|
Fidelity National Financial, Inc.
|
|
837
|
39
|
|
Fidelity National Information Services, Inc.
|
|
1,685
|
66
|
|
Fifth Third Bancorp
|
|
2,870
|
162
|
|
First Citizens BancShares, Inc., Class A
|
|
28
|
58
|
|
First Solar, Inc. (e)
|
|
316
|
75
|
|
FirstEnergy Corp.
|
|
1,817
|
86
|
|
Fiserv, Inc. (e)
|
|
1,755
|
86
|
|
Flex Ltd. (e)
|
|
1,180
|
191
|
|
Flutter Entertainment PLC (e)
|
|
541
|
55
|
|
Ford Motor Co.
|
|
13,061
|
182
|
|
Fortinet, Inc. (e)
|
|
2,669
|
410
|
|
Fortive Corp.
|
|
1,150
|
70
|
|
Fox Corp., Class A
|
|
1,163
|
58
|
|
Freeport-McMoRan, Inc.
|
|
4,614
|
290
|
|
FTAI Aviation Ltd.
|
|
285
|
77
|
|
Gaming & Leisure Properties, Inc. REIT
|
|
916
|
41
|
|
Garmin Ltd.
|
|
535
|
127
|
|
Gartner, Inc. (e)
|
|
236
|
31
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
GE HealthCare Technologies, Inc.
|
|
1,456
|
$93
|
|
GE Vernova, Inc.
|
|
861
|
1,012
|
|
Gen Digital, Inc.
|
|
1,698
|
42
|
|
General Dynamics Corp.
|
|
740
|
262
|
|
General Electric Co.
|
|
3,348
|
1,251
|
|
General Mills, Inc.
|
|
1,698
|
59
|
|
General Motors Co.
|
|
3,019
|
233
|
|
Genuine Parts Co.
|
|
439
|
52
|
|
Gilead Sciences, Inc.
|
|
3,962
|
501
|
|
Global Payments, Inc.
|
|
767
|
56
|
|
GoDaddy, Inc., Class A (e)
|
|
437
|
37
|
|
Goldman Sachs Group, Inc.
|
|
954
|
965
|
|
Graco, Inc.
|
|
536
|
41
|
|
Halliburton Co.
|
|
2,711
|
92
|
|
Hartford Insurance Group, Inc.
|
|
902
|
120
|
|
HCA Healthcare, Inc.
|
|
524
|
204
|
|
Healthpeak Properties, Inc. REIT
|
|
2,232
|
48
|
|
HEICO Corp.
|
|
379
|
112
|
|
Hershey Co.
|
|
489
|
86
|
|
Hewlett Packard Enterprise Co.
|
|
5,855
|
264
|
|
Hilton Worldwide Holdings, Inc.
|
|
733
|
242
|
|
Home Depot, Inc.
|
|
3,192
|
1,126
|
|
Honeywell Aerospace, Inc. (e)
|
|
1,014
|
224
|
|
Honeywell International, Inc.
|
|
1,014
|
227
|
|
Hormel Foods Corp.
|
|
963
|
24
|
|
Howmet Aerospace, Inc.
|
|
1,204
|
324
|
|
HP, Inc.
|
|
2,909
|
64
|
|
Hubbell, Inc.
|
|
185
|
97
|
|
HubSpot, Inc. (e)
|
|
167
|
30
|
|
Humana, Inc.
|
|
4,256
|
1,691
|
|
Huntington Bancshares, Inc.
|
|
6,436
|
114
|
|
Hyatt Hotels Corp., Class A
|
|
127
|
25
|
|
IDEX Corp.
|
|
244
|
55
|
|
IDEXX Laboratories, Inc. (e)
|
|
257
|
135
|
|
Illinois Tool Works, Inc.
|
|
926
|
250
|
|
Illumina, Inc. (e)
|
|
475
|
84
|
|
Incyte Corp. (e)
|
|
549
|
62
|
|
Ingersoll Rand, Inc.
|
|
1,254
|
103
|
|
Insmed, Inc. (e)
|
|
684
|
73
|
|
Insulet Corp. (e)
|
|
213
|
32
|
|
Intel Corp. (e)
|
|
14,642
|
2,044
|
|
Interactive Brokers Group, Inc., Class A
|
|
1,399
|
122
|
|
Intercontinental Exchange, Inc.
|
|
1,826
|
225
|
|
International Business Machines Corp.
|
|
3,095
|
870
|
|
International Flavors & Fragrances, Inc.
|
|
820
|
65
|
|
International Paper Co.
|
|
1,774
|
68
|
|
Intuit, Inc.
|
|
928
|
242
|
|
Intuitive Surgical, Inc. (e)
|
|
1,147
|
456
|
|
Invitation Homes, Inc. REIT
|
|
1,840
|
56
|
|
IonQ, Inc. (e)
|
|
905
|
48
|
|
IQVIA Holdings, Inc. (e)
|
|
547
|
106
|
|
IREN Ltd. (e)
|
|
1,021
|
47
|
|
Iron Mountain, Inc. REIT
|
|
886
|
112
|
|
Jabil, Inc.
|
|
337
|
130
|
|
|
Shares
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
Jack Henry & Associates, Inc.
|
|
236
|
$33
|
|
Jacobs Solutions, Inc.
|
|
376
|
47
|
|
JB Hunt Transport Services, Inc.
|
|
246
|
71
|
|
Johnson & Johnson
|
|
7,758
|
1,970
|
|
Johnson Controls International PLC
|
|
1,927
|
282
|
|
JPMorgan Chase & Co.
|
|
8,731
|
2,858
|
|
Kenvue, Inc.
|
|
6,151
|
118
|
|
Keurig Dr. Pepper, Inc.
|
|
4,129
|
135
|
|
KeyCorp
|
|
2,942
|
68
|
|
Keysight Technologies, Inc. (e)
|
|
536
|
188
|
|
Kimberly-Clark Corp.
|
|
1,062
|
117
|
|
Kimco Realty Corp. REIT
|
|
2,206
|
56
|
|
Kinder Morgan, Inc.
|
|
6,348
|
203
|
|
KKR & Co., Inc.
|
|
1,951
|
179
|
|
KLA Corp.
|
|
4,340
|
1,309
|
|
Kraft Heinz Co.
|
|
2,858
|
68
|
|
Kroger Co.
|
|
1,932
|
107
|
|
L3Harris Technologies, Inc.
|
|
612
|
178
|
|
Labcorp Holdings, Inc.
|
|
267
|
75
|
|
Lam Research Corp.
|
|
3,929
|
1,703
|
|
Las Vegas Sands Corp.
|
|
977
|
45
|
|
Leidos Holdings, Inc.
|
|
389
|
40
|
|
Lennar Corp., Class A
|
|
658
|
60
|
|
Lennox International, Inc.
|
|
99
|
57
|
|
Liberty Media Corp.-Liberty Formula One,
Class C (e)
|
|
691
|
66
|
|
Live Nation Entertainment, Inc. (e)
|
|
518
|
95
|
|
Lockheed Martin Corp.
|
|
675
|
344
|
|
Loews Corp.
|
|
564
|
64
|
|
Lowe's Cos., Inc.
|
|
1,797
|
396
|
|
LPL Financial Holdings, Inc.
|
|
256
|
72
|
|
Lululemon Athletica, Inc. (e)
|
|
346
|
40
|
|
Lumentum Holdings, Inc. (e)
|
|
216
|
185
|
|
LyondellBasell Industries NV, Class A
|
|
821
|
43
|
|
M&T Bank Corp.
|
|
494
|
118
|
|
Marathon Petroleum Corp.
|
|
961
|
246
|
|
Markel Group, Inc. (e)
|
|
41
|
80
|
|
Marriott International, Inc., Class A
|
|
724
|
268
|
|
Marsh & McLennan Cos., Inc.
|
|
1,626
|
271
|
|
Martin Marietta Materials, Inc.
|
|
197
|
114
|
|
Marvell Technology, Inc.
|
|
2,621
|
781
|
|
Masco Corp.
|
|
674
|
55
|
|
Mastercard, Inc., Class A
|
|
2,938
|
1,509
|
|
McCormick & Co., Inc.
|
|
821
|
41
|
|
McDonald's Corp.
|
|
2,287
|
618
|
|
McKesson Corp.
|
|
408
|
308
|
|
Medtronic PLC
|
|
4,101
|
321
|
|
MercadoLibre, Inc. (e)
|
|
146
|
248
|
|
Merck & Co., Inc.
|
|
8,134
|
1,045
|
|
Meta Platforms, Inc., Class A
|
|
7,715
|
4,346
|
|
MetLife, Inc.
|
|
1,794
|
152
|
|
Mettler-Toledo International, Inc. (e)
|
|
65
|
83
|
|
Microchip Technology, Inc.
|
|
1,715
|
156
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Micron Technology, Inc.
|
|
3,691
|
$4,260
|
|
Microsoft Corp.
|
|
24,149
|
9,008
|
|
Mid-America Apartment Communities, Inc. REIT
|
|
387
|
54
|
|
Molina Healthcare, Inc. (e)
|
|
4,426
|
1,012
|
|
Mondelez International, Inc., Class A
|
|
4,189
|
242
|
|
MongoDB, Inc. (e)
|
|
475
|
160
|
|
Monolithic Power Systems, Inc.
|
|
150
|
207
|
|
Monster Beverage Corp. (e)
|
|
2,368
|
228
|
|
Moody's Corp.
|
|
521
|
236
|
|
Motorola Solutions, Inc.
|
|
530
|
220
|
|
MSCI, Inc.
|
|
248
|
139
|
|
Nasdaq, Inc.
|
|
1,478
|
116
|
|
Natera, Inc. (e)
|
|
403
|
109
|
|
NetApp, Inc.
|
|
629
|
97
|
|
Netflix, Inc. (e)
|
|
13,532
|
966
|
|
Neurocrine Biosciences, Inc. (e)
|
|
320
|
54
|
|
Newmont Corp.
|
|
3,448
|
322
|
|
News Corp., Class A
|
|
1,207
|
30
|
|
NextEra Energy, Inc.
|
|
6,509
|
571
|
|
NIKE, Inc., Class B
|
|
3,887
|
160
|
|
NiSource, Inc.
|
|
1,569
|
75
|
|
Nordson Corp.
|
|
169
|
51
|
|
Norfolk Southern Corp.
|
|
726
|
228
|
|
Northern Trust Corp.
|
|
607
|
106
|
|
Northrop Grumman Corp.
|
|
437
|
223
|
|
NRG Energy, Inc.
|
|
635
|
93
|
|
Nucor Corp.
|
|
728
|
162
|
|
NVIDIA Corp.
|
|
81,984
|
16,404
|
|
NVR, Inc. (e)
|
|
9
|
61
|
|
NXP Semiconductors NV
|
|
819
|
230
|
|
Occidental Petroleum Corp.
|
|
2,424
|
118
|
|
Oklo, Inc. (e)
|
|
330
|
17
|
|
Okta, Inc. (e)
|
|
571
|
78
|
|
Old Dominion Freight Line, Inc.
|
|
608
|
132
|
|
Omnicom Group, Inc.
|
|
1,005
|
73
|
|
ON Semiconductor Corp. (e)
|
|
1,281
|
121
|
|
ONEOK, Inc.
|
|
2,002
|
174
|
|
Oracle Corp.
|
|
5,654
|
829
|
|
O'Reilly Automotive, Inc. (e)
|
|
2,545
|
234
|
|
Otis Worldwide Corp.
|
|
1,252
|
90
|
|
PACCAR, Inc.
|
|
1,691
|
203
|
|
Packaging Corp. of America
|
|
295
|
70
|
|
Palantir Technologies, Inc., Class A (e)
|
|
7,364
|
859
|
|
Palo Alto Networks, Inc. (e)
|
|
3,743
|
1,276
|
|
Parker-Hannifin Corp.
|
|
435
|
425
|
|
Paychex, Inc.
|
|
1,062
|
104
|
|
PayPal Holdings, Inc.
|
|
3,554
|
153
|
|
Pentair PLC
|
|
533
|
41
|
|
PepsiCo, Inc.
|
|
4,364
|
591
|
|
Pfizer, Inc.
|
|
18,213
|
439
|
|
PG&E Corp.
|
|
7,072
|
119
|
|
Philip Morris International, Inc.
|
|
4,983
|
901
|
|
Phillips 66
|
|
1,291
|
218
|
|
Pinnacle Financial Partners, Inc.
|
|
484
|
49
|
|
|
Shares
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
Pinterest, Inc., Class A (e)
|
|
1,924
|
$40
|
|
PNC Financial Services Group, Inc.
|
|
1,243
|
306
|
|
PPG Industries, Inc.
|
|
703
|
85
|
|
PPL Corp.
|
|
2,447
|
89
|
|
Principal Financial Group, Inc.
|
|
705
|
76
|
|
Procter & Gamble Co.
|
|
7,567
|
1,110
|
|
Progressive Corp.
|
|
1,909
|
417
|
|
Prologis, Inc. REIT
|
|
2,972
|
403
|
|
Prudential Financial, Inc.
|
|
1,117
|
121
|
|
PTC, Inc. (e)
|
|
391
|
44
|
|
Public Service Enterprise Group, Inc.
|
|
1,598
|
130
|
|
Public Storage REIT
|
|
504
|
160
|
|
PulteGroup, Inc.
|
|
626
|
86
|
|
Qnity Electronics, Inc.
|
|
694
|
113
|
|
QUALCOMM, Inc.
|
|
2,993
|
553
|
|
Quanta Services, Inc.
|
|
423
|
305
|
|
Quest Diagnostics, Inc.
|
|
353
|
75
|
|
Raymond James Financial, Inc.
|
|
601
|
91
|
|
Realty Income Corp. REIT
|
|
2,970
|
184
|
|
Reddit, Inc., Class A (e)
|
|
327
|
57
|
|
Regency Centers Corp. REIT
|
|
577
|
46
|
|
Regeneron Pharmaceuticals, Inc.
|
|
327
|
204
|
|
Regions Financial Corp.
|
|
2,800
|
85
|
|
Reliance, Inc.
|
|
168
|
63
|
|
Republic Services, Inc.
|
|
704
|
150
|
|
ResMed, Inc.
|
|
470
|
92
|
|
Revolution Medicines, Inc. (e)
|
|
516
|
97
|
|
Rivian Automotive, Inc., Class A (e)
|
|
2,504
|
43
|
|
Robinhood Markets, Inc., Class A (e)
|
|
2,379
|
239
|
|
ROBLOX Corp., Class A (e)
|
|
1,926
|
105
|
|
Rocket Cos., Inc., Class A (e)
|
|
2,911
|
46
|
|
Rocket Lab Corp. (e)
|
|
1,455
|
148
|
|
Rockwell Automation, Inc.
|
|
357
|
177
|
|
Rollins, Inc.
|
|
940
|
39
|
|
Roper Technologies, Inc.
|
|
351
|
119
|
|
Ross Stores, Inc.
|
|
1,036
|
221
|
|
Royal Caribbean Cruises Ltd.
|
|
802
|
255
|
|
Royalty Pharma PLC, Class A
|
|
1,314
|
74
|
|
RPM International, Inc.
|
|
414
|
46
|
|
RTX Corp.
|
|
4,292
|
814
|
|
S&P Global, Inc.
|
|
1,014
|
413
|
|
SailPoint, Inc. (e)
|
|
12,506
|
183
|
|
Salesforce, Inc.
|
|
3,146
|
493
|
|
Samsara, Inc., Class A (e)
|
|
1,160
|
38
|
|
SBA Communications Corp. REIT
|
|
337
|
59
|
|
Seagate Technology Holdings PLC
|
|
700
|
676
|
|
Sempra
|
|
2,081
|
193
|
|
ServiceNow, Inc. (e)
|
|
3,442
|
342
|
|
Sherwin-Williams Co.
|
|
756
|
260
|
|
Simon Property Group, Inc. REIT
|
|
1,048
|
234
|
|
SLB Ltd.
|
|
4,780
|
222
|
|
Smithfield Foods, Inc.
|
|
3
|
—
@
|
|
Smurfit Westrock PLC
|
|
1,745
|
81
|
|
|
Shares
|
Value
(000)
|
|
|
|
|
|
|
|
Snap, Inc., Class A (e)
|
|
3,440
|
$15
|
|
Snap-on, Inc.
|
|
167
|
67
|
|
Snowflake, Inc., Class A (e)
|
|
1,538
|
391
|
|
SoFi Technologies, Inc. (e)
|
|
3,952
|
71
|
|
Solventum Corp. (e)
|
|
502
|
39
|
|
Southern Co.
|
|
3,493
|
334
|
|
Space Exploration Technologies Corp., Class A (e)
|
|
3,074
|
525
|
|
SS&C Technologies Holdings, Inc.
|
|
723
|
45
|
|
Starbucks Corp.
|
|
3,694
|
377
|
|
State Street Corp.
|
|
894
|
152
|
|
Steel Dynamics, Inc.
|
|
441
|
101
|
|
STERIS PLC
|
|
312
|
66
|
|
Strategy, Inc., Class A (e)
|
|
807
|
70
|
|
Stryker Corp.
|
|
1,111
|
350
|
|
Sun Communities, Inc. REIT
|
|
400
|
48
|
|
Super Micro Computer, Inc. (e)
|
|
1,679
|
49
|
|
Synchrony Financial
|
|
1,157
|
88
|
|
Synopsys, Inc. (e)
|
|
621
|
277
|
|
Sysco Corp.
|
|
1,539
|
129
|
|
T. Rowe Price Group, Inc.
|
|
697
|
79
|
|
Take-Two Interactive Software, Inc. (e)
|
|
605
|
151
|
|
Tapestry, Inc.
|
|
652
|
95
|
|
Targa Resources Corp.
|
|
679
|
182
|
|
Target Corp.
|
|
1,461
|
191
|
|
TE Connectivity PLC
|
|
938
|
189
|
|
Teledyne Technologies, Inc. (e)
|
|
148
|
99
|
|
Teradyne, Inc.
|
|
443
|
214
|
|
Tesla, Inc. (e)
|
|
9,018
|
3,793
|
|
Texas Instruments, Inc.
|
|
2,828
|
843
|
|
Texas Pacific Land Corp.
|
|
192
|
84
|
|
Textron, Inc.
|
|
552
|
51
|
|
Thermo Fisher Scientific, Inc.
|
|
1,192
|
598
|
|
TJX Cos., Inc.
|
|
3,592
|
544
|
|
T-Mobile U.S., Inc.
|
|
1,659
|
278
|
|
Toast, Inc., Class A (e)
|
|
1,512
|
42
|
|
Tractor Supply Co.
|
|
1,724
|
54
|
|
Trade Desk, Inc., Class A (e)
|
|
1,473
|
27
|
|
Tradeweb Markets, Inc., Class A
|
|
392
|
39
|
|
Trane Technologies PLC
|
|
694
|
341
|
|
TransDigm Group, Inc.
|
|
181
|
241
|
|
TransUnion
|
|
630
|
45
|
|
Travelers Cos., Inc.
|
|
721
|
238
|
|
Trimble, Inc. (e)
|
|
766
|
39
|
|
Truist Financial Corp.
|
|
4,098
|
204
|
|
Twilio, Inc., Class A (e)
|
|
1,103
|
228
|
|
Tyler Technologies, Inc. (e)
|
|
148
|
43
|
|
Tyson Foods, Inc., Class A
|
|
908
|
52
|
|
U.S. Bancorp
|
|
5,003
|
302
|
|
Uber Technologies, Inc. (e)
|
|
6,418
|
463
|
|
UDR, Inc. REIT
|
|
1,022
|
41
|
|
Ulta Beauty, Inc. (e)
|
|
142
|
64
|
|
Union Pacific Corp.
|
|
1,911
|
520
|
|
United Airlines Holdings, Inc. (e)
|
|
259
|
35
|
|
United Parcel Service, Inc., Class B
|
|
2,379
|
256
|
|
|
Shares
|
Value
(000)
|
|
|
United States (cont'd)
|
|
|
|
|
United Rentals, Inc.
|
|
205
|
$232
|
|
United Therapeutics Corp. (e)
|
|
133
|
72
|
|
UnitedHealth Group, Inc.
|
|
7,245
|
3,011
|
|
Universal Health Services, Inc., Class B
|
|
181
|
27
|
|
Valero Energy Corp.
|
|
996
|
259
|
|
Veeva Systems, Inc., Class A (e)
|
|
516
|
92
|
|
Ventas, Inc. REIT
|
|
1,512
|
134
|
|
Veralto Corp.
|
|
813
|
72
|
|
VeriSign, Inc.
|
|
715
|
180
|
|
Verisk Analytics, Inc.
|
|
461
|
83
|
|
Verizon Communications, Inc.
|
|
13,426
|
568
|
|
Vertex Pharmaceuticals, Inc. (e)
|
|
812
|
403
|
|
Vertiv Holdings Co., Class A
|
|
1,105
|
370
|
|
VICI Properties, Inc. REIT
|
|
3,457
|
92
|
|
Visa, Inc., Class A
|
|
5,641
|
1,935
|
|
Vistra Corp.
|
|
1,067
|
169
|
|
Vulcan Materials Co.
|
|
423
|
125
|
|
W.R. Berkley Corp.
|
|
809
|
57
|
|
Walmart, Inc.
|
|
13,838
|
1,567
|
|
Walt Disney Co.
|
|
5,699
|
549
|
|
Warner Bros Discovery, Inc. (e)
|
|
7,635
|
204
|
|
Waste Connections, Inc.
|
|
829
|
138
|
|
Waste Management, Inc.
|
|
1,297
|
289
|
|
Waters Corp. (e)
|
|
303
|
114
|
|
Watsco, Inc.
|
|
111
|
46
|
|
WEC Energy Group, Inc.
|
|
1,037
|
121
|
|
Wells Fargo & Co.
|
|
10,111
|
836
|
|
Welltower, Inc. REIT
|
|
2,184
|
496
|
|
West Pharmaceutical Services, Inc.
|
|
233
|
84
|
|
Western Digital Corp.
|
|
1,049
|
670
|
|
Westinghouse Air Brake Technologies Corp.
|
|
539
|
145
|
|
Weyerhaeuser Co. REIT
|
|
2,339
|
56
|
|
Williams Cos., Inc.
|
|
3,844
|
286
|
|
Williams-Sonoma, Inc.
|
|
388
|
90
|
|
Willis Towers Watson PLC
|
|
355
|
93
|
|
Workday, Inc., Class A (e)
|
|
700
|
86
|
|
WP Carey, Inc. REIT
|
|
704
|
50
|
|
WW Grainger, Inc.
|
|
145
|
197
|
|
Xcel Energy, Inc.
|
|
1,857
|
149
|
|
Xylem, Inc.
|
|
775
|
92
|
|
Yum! Brands, Inc.
|
|
902
|
144
|
|
Zebra Technologies Corp., Class A (e)
|
|
159
|
42
|
|
Zillow Group, Inc., Class C (e)
|
|
541
|
17
|
|
Zimmer Biomet Holdings, Inc.
|
|
627
|
54
|
|
Zoetis, Inc.
|
|
1,426
|
102
|
|
Zoom Communications, Inc., Class A (e)
|
|
811
|
70
|
|
Zscaler, Inc. (e)
|
|
1,836
|
259
|
|
|
|
|
222,137
|
|
Total Common Stocks (Cost $134,199)
|
302,643
|
||
|
|
No. of
Rights
|
Value
(000)
|
|
|
Rights (0.0%)‡
|
|||
|
Spain (0.0%)‡
|
|||
|
ACS Actividades de Construccion y Servicios SA,
expires 7/16/26 (e)
|
|
632
|
$1
|
|
United States (0.0%)‡
|
|||
|
Abiomed, Inc.,
CVR expires 12/22/28 (e)(f)(g)
|
|
90
|
—
@
|
|
Hologic, Inc.,
CVR expires 9/27/27 (e)(f)(g)
|
|
750
|
—
@
|
|
|
|
|
—
@
|
|
Total Rights (Cost $2)
|
1
|
||
|
|
No. of
Warrants
|
|
|
|
Warrants (0.0%)
|
|||
|
Canada (0.0%)
|
|||
|
Constellation Software, Inc.
expires 3/31/40 (e)(f) (Cost $—)
|
|
95
|
—
|
|
|
Shares
|
|
|
|
Short-Term Investment (6.5%)
|
|||
|
Investment Company (6.5%)
|
|||
|
Morgan Stanley Institutional Liquidity Funds —
Government Portfolio — Institutional Class,
3.56% (h) (Cost $39,396)
|
|
39,396,077
|
39,396
|
|
Total Investments (99.5%) (Cost $441,038) (i)(j)(k)(l)
|
602,042
|
||
|
Other Assets in Excess of Liabilities (0.5%)
|
2,856
|
||
|
Net Assets (100.0%)
|
|
$604,898
|
|
|
@
|
Value is less than $500.
|
|
‡
|
Amount is less than 0.05%.
|
|
(a)
|
Security is subject to delayed delivery.
|
|
(b)
|
144A security — Certain conditions for public sale may exist.
Unless otherwise noted, these securities are deemed to be liquid.
|
|
(c)
|
Floating or variable rate securities: The rates disclosed are as of
June 30, 2026. For securities based on a published reference rate
and spread, the reference rate and spread are indicated in the
description in the Consolidated Portfolio of Investments. Certain
variable rate securities may not be based on a published reference
rate and spread but are determined by the issuer or agent and are
based on current market conditions. These securities do not
indicate a reference rate and spread in their description in the
Consolidated Portfolio of Investments.
|
|
(d)
|
Perpetual — One or more securities do not have a predetermined
maturity date. Rates for these securities are fixed for a period of
time after which they revert to a floating rate. Interest rates in
effect are as of June 30, 2026.
|
|
(e)
|
Non-income producing security.
|
|
(f)
|
Security is valued using significant unobservable inputs and is
categorized as Level 3 in the fair value hierarchy.
|
|
(g)
|
Total market value of the restricted security amounts is less than
$500, which represents less than 0.05% of the net assets of the
Fund as of June 30, 2026.
|
|
(h)
|
The Fund invests in the Institutional Class of the Morgan Stanley
Institutional Liquidity Funds - Government Portfolio - (the "Liquidity
Fund"), an open-end management investment company managed
by the Adviser. Advisory fees paid by the Fund are reduced by an
amount equal to its pro-rata share of the advisory and
administration fees paid by the Fund due to its investment in the
Liquidity Fund. For the nine months ended June 30, 2026,
advisory fees paid were reduced by approximately $40,000
relating to the Fund's investment in the Liquidity Fund.
|
|
(i)
|
The approximate fair value and percentage of net assets,
$67,644,000 and 11.2%, respectively, represent the securities
that have been fair valued under the fair valuation policy for
international investments as described in the Notes to Portfolio of
Investments.
|
|
(j)
|
Securities are available for collateral in connection with securities
purchased on a forward commitment basis, open foreign currency
forward exchange contracts, futures contracts and swap
agreements.
|
|
(k)
|
The Fund is permitted to purchase and sell securities ("cross-
trade") from and to other Morgan Stanley Funds as well as other
funds and client accounts for which the Adviser or an affiliate of
the Adviser serves as investment adviser, pursuant to procedures
approved by the Trustees in compliance with Rule 17a-7 under the
Act (the "Rule"). As a result of a change in the Rule 2a-5 (aka the
“Valuation Rule”), which impacts transactions under Rule 17a-7, a
security is an eligible security for purposes of Rule 17a-7 only
when there is a “readily available market quotation” for the
security. The Fund's Rule 17a-7 policy was amended effective
September 8, 2022, to reflect the new requirements of Rule 2a-5.
For the nine months ended June 30, 2026, the Fund did not
engage in any cross-trade transactions.
|
|
(l)
|
At June 30, 2026, the aggregate cost for federal income tax
purposes approximates the aggregate cost for book purposes.
The aggregate gross unrealized appreciation is approximately
$185,730,000 and the aggregate gross unrealized depreciation is
approximately $18,370,000, resulting in net unrealized
appreciation of approximately $167,360,000.
|
|
ADR
|
American Depositary Receipt.
|
|
CVA
|
Certificaten Van Aandelen.
|
|
CVR
|
Contingent Value Rights.
|
|
DAC
|
Designated Activity Company.
|
|
EURIBOR
|
Euro Interbank Offered Rate.
|
|
Euronext NV
|
Euronext Amsterdam Stock Market.
|
|
MTN
|
Medium Term Note.
|
|
OAT
|
Obligations Assimilables du Trésor (French Treasury Obligation).
|
|
REIT
|
Real Estate Investment Trust.
|
|
SOFR
|
Secured Overnight Financing Rate.
|
|
SONIA
|
Sterling Overnight Index Average.
|
|
TBA
|
To Be Announced.
|
|
Foreign Currency Forward Exchange Contracts:
|
||||||
|
The Fund had the following foreign currency forward exchange contracts open at June
30, 2026:
|
||||||
|
Counterparty
|
Contracts
to Deliver
(000)
|
In
Exchange
For
(000)
|
Delivery
Date
|
Unrealized
Appreciation
(Depreciation)
(000)
|
||
|
Bank of America NA
|
CNH
|
14,509,692
|
$
|
2,160,257
|
9/16/26
|
$13
|
|
Bank of America NA
|
$
|
86,341
|
ILS
|
250,194
|
9/16/26
|
(2
)
|
|
Barclays Bank PLC
|
NOK
|
316,258
|
$
|
33,178
|
9/16/26
|
1
|
|
Barclays Bank PLC
|
$
|
14,793
|
AUD
|
20,914
|
9/16/26
|
(—@
)
|
|
Barclays Bank PLC
|
$
|
283,449
|
CHF
|
224,610
|
9/16/26
|
(3
)
|
|
Barclays Bank PLC
|
$
|
14,234
|
ILS
|
41,246
|
9/16/26
|
(—@
)
|
|
Barclays Bank PLC
|
$
|
154,821
|
JPY
|
24,616,298
|
9/16/26
|
(3
)
|
|
Barclays Bank PLC
|
$
|
480
|
MXN
|
8,325
|
9/17/26
|
(—@
)
|
|
Barclays Bank PLC
|
$
|
64,398
|
NOK
|
614,661
|
9/16/26
|
(2
)
|
|
Barclays Bank PLC
|
$
|
186
|
SGD
|
237
|
9/16/26
|
(—@
)
|
|
BNP Paribas SA
|
CHF
|
7,731
|
$
|
9,847
|
9/16/26
|
—@
|
|
BNP Paribas SA
|
CNH
|
7,289,948
|
$
|
1,085,349
|
9/16/26
|
6
|
|
BNP Paribas SA
|
CNH
|
2,540,000
|
$
|
376,079
|
9/16/26
|
—@
|
|
BNP Paribas SA
|
SGD
|
104,817
|
$
|
82,125
|
9/16/26
|
1
|
|
BNP Paribas SA
|
$
|
2,284,149
|
CAD
|
3,169,756
|
9/16/26
|
(42
)
|
|
BNP Paribas SA
|
$
|
81,493
|
CLP
|
74,030,514
|
9/16/26
|
(1
)
|
|
BNP Paribas SA
|
$
|
20,974
|
COP
|
76,078,855
|
9/16/26
|
1
|
|
BNP Paribas SA
|
$
|
223,571
|
GBP
|
166,380
|
9/16/26
|
(3
)
|
|
BNP Paribas SA
|
$
|
72,760
|
HKD
|
568,534
|
9/16/26
|
(—@
)
|
|
BNP Paribas SA
|
$
|
178,232
|
JPY
|
28,338,539
|
9/16/26
|
(3
)
|
|
BNP Paribas SA
|
$
|
4,130
|
MXN
|
71,588
|
9/17/26
|
(—@
)
|
|
BNP Paribas SA
|
$
|
31,863
|
NZD
|
54,383
|
9/16/26
|
(1
)
|
|
BNP Paribas SA
|
$
|
2,882,549
|
TWD
|
91,422,909
|
9/16/26
|
(—@
)
|
|
Citibank NA
|
THB
|
181,367
|
$
|
5,605
|
9/16/26
|
—@
|
|
Citibank NA
|
$
|
1,186,173
|
GBP
|
884,160
|
9/16/26
|
(13
)
|
|
Citibank NA
|
$
|
39,796
|
ILS
|
115,312
|
9/16/26
|
(1
)
|
|
Citibank NA
|
$
|
121,137
|
PEN
|
411,443
|
9/16/26
|
(1
)
|
|
Deutsche Bank AG
|
$
|
113,634
|
CZK
|
2,387,000
|
9/16/26
|
(1
)
|
|
Goldman Sachs International
|
CZK
|
678,774
|
$
|
32,628
|
9/16/26
|
1
|
|
Goldman Sachs International
|
DKK
|
457,029
|
$
|
71,268
|
9/16/26
|
1
|
|
Goldman Sachs International
|
INR
|
624,463,687
|
$
|
6,464,896
|
9/16/26
|
(92
)
|
|
Goldman Sachs International
|
MYR
|
54,192
|
$
|
13,343
|
9/17/26
|
—@
|
|
Goldman Sachs International
|
MYR
|
2,366,500
|
$
|
583,672
|
9/17/26
|
2
|
|
Goldman Sachs International
|
NOK
|
388,811
|
$
|
40,753
|
9/16/26
|
2
|
|
Goldman Sachs International
|
THB
|
15,289,259
|
$
|
469,207
|
9/16/26
|
6
|
|
Goldman Sachs International
|
TRY
|
193,079,221
|
$
|
3,237,954
|
1/25/27
|
(259
)
|
|
Goldman Sachs International
|
TRY
|
186,538,999
|
$
|
3,072,118
|
1/25/27
|
(307
)
|
|
Goldman Sachs International
|
$
|
223,559
|
BRL
|
1,176,458
|
9/16/26
|
—@
|
|
Goldman Sachs International
|
$
|
74,066
|
CNH
|
499,010
|
9/16/26
|
(—@
)
|
|
Goldman Sachs International
|
$
|
1,699,185
|
CNY
|
11,488,192
|
9/16/26
|
(5
)
|
|
Goldman Sachs International
|
$
|
85,872
|
HUF
|
26,286,121
|
9/16/26
|
(2
)
|
|
Goldman Sachs International
|
$
|
21,940
|
IDR
|
395,630,920
|
9/16/26
|
—@
|
|
Goldman Sachs International
|
$
|
234,343
|
PLN
|
859,823
|
9/16/26
|
(6
)
|
|
Goldman Sachs International
|
$
|
219,179
|
RON
|
997,131
|
9/16/26
|
(3
)
|
|
Goldman Sachs International
|
$
|
6,276,756
|
TRY
|
379,618,220
|
1/25/27
|
599
|
|
JPMorgan Chase Bank NA
|
CHF
|
15,399
|
$
|
19,616
|
9/16/26
|
—@
|
|
JPMorgan Chase Bank NA
|
EUR
|
4,265,249
|
$
|
4,955,537
|
9/16/26
|
67
|
|
JPMorgan Chase Bank NA
|
NOK
|
297,737
|
$
|
31,235
|
9/16/26
|
1
|
|
JPMorgan Chase Bank NA
|
PLN
|
137,244
|
$
|
37,496
|
9/16/26
|
1
|
|
JPMorgan Chase Bank NA
|
$
|
141,532
|
CAD
|
197,013
|
9/16/26
|
(2
)
|
|
JPMorgan Chase Bank NA
|
$
|
51,503
|
DKK
|
331,171
|
9/16/26
|
(1
)
|
|
JPMorgan Chase Bank NA
|
$
|
7,075,449
|
EUR
|
6,073,451
|
9/16/26
|
(114
)
|
|
JPMorgan Chase Bank NA
|
$
|
447,740
|
GBP
|
333,199
|
9/16/26
|
(6
)
|
|
Foreign Currency Forward Exchange Contracts: (cont'd)
|
||||||
|
|
||||||
|
Counterparty
|
Contracts
to Deliver
(000)
|
In
Exchange
For
(000)
|
Delivery
Date
|
Unrealized
Appreciation
(Depreciation)
(000)
|
||
|
JPMorgan Chase Bank NA
|
$
|
50,356
|
HKD
|
393,437
|
9/16/26
|
$(—@
)
|
|
JPMorgan Chase Bank NA
|
$
|
142,041
|
ILS
|
411,626
|
9/16/26
|
(3
)
|
|
JPMorgan Chase Bank NA
|
$
|
657,384
|
JPY
|
104,499,803
|
9/16/26
|
(11
)
|
|
JPMorgan Chase Bank NA
|
$
|
2,123,243
|
KRW
|
3,246,204,894
|
9/16/26
|
(25
)
|
|
JPMorgan Chase Bank NA
|
$
|
100,762
|
MXN
|
1,746,753
|
9/17/26
|
(2
)
|
|
JPMorgan Chase Bank NA
|
$
|
116,514
|
NZD
|
201,051
|
9/16/26
|
(2
)
|
|
JPMorgan Chase Bank NA
|
$
|
85,843
|
SEK
|
800,711
|
9/16/26
|
(3
)
|
|
JPMorgan Chase Bank NA
|
$
|
3,985
|
SGD
|
5,076
|
9/16/26
|
(—@
)
|
|
JPMorgan Chase Bank NA
|
ZAR
|
998,270
|
$
|
61,255
|
9/16/26
|
1
|
|
Royal Bank of Canada
|
$
|
536,118
|
SEK
|
5,040,244
|
9/16/26
|
(14
)
|
|
UBS AG
|
AUD
|
8,828,727
|
$
|
6,165,806
|
9/16/26
|
62
|
|
UBS AG
|
IDR
|
906,349,134
|
$
|
50,108
|
9/16/26
|
(—@
)
|
|
UBS AG
|
MXN
|
7,505,997
|
$
|
430,217
|
9/17/26
|
4
|
|
UBS AG
|
TRY
|
457,638
|
$
|
9,140
|
9/16/26
|
(—@
)
|
|
UBS AG
|
$
|
15,696
|
HUF
|
4,751,041
|
9/16/26
|
(—@
)
|
|
UBS AG
|
$
|
228,951
|
KRW
|
349,793,434
|
9/16/26
|
(3
)
|
|
UBS AG
|
$
|
1,984
|
MXN
|
34,395
|
9/17/26
|
(—@
)
|
|
UBS AG
|
$
|
95,537
|
MXN
|
1,667,322
|
9/17/26
|
(1
)
|
|
|
|
|
|
|
|
$(168
)
|
|
Futures Contracts:
|
||||||
|
The Fund had the following futures contracts open at June 30, 2026:
|
||||||
|
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
(000)
|
Value
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
Long:
|
|
|
|
|
|
|
|
Euro-Buxl 30 yr. Bond Index (Germany)
|
3
|
9/8/26
|
EUR
|
300
|
$381
|
$8
|
|
German Euro-Bund Index (Germany)
|
31
|
9/8/26
|
|
3,100
|
4,510
|
46
|
|
KFE 10 yr. Treasury Bond Index (Korea,
Republic of)
|
37
|
9/15/26
|
KRW
|
3,700,000
|
2,562
|
42
|
|
Long Gilt Index (United Kingdom)
|
3
|
9/28/26
|
GBP
|
300
|
355
|
6
|
|
Montreal Exchange 10 yr. Canadian Bond
Index (Canada)
|
8
|
9/18/26
|
CAD
|
800
|
683
|
6
|
|
MSCI Emerging Market Index
(United States)
|
62
|
9/18/26
|
$
|
3
|
5,448
|
(34
)
|
|
U.S. Treasury 2 yr. Note (United States)
|
44
|
9/30/26
|
|
8,800
|
9,070
|
(14
)
|
|
U.S. Treasury 5 yr. Note (United States)
|
21
|
9/30/26
|
|
2,100
|
2,248
|
4
|
|
U.S. Treasury 10 yr. Note (United States)
|
338
|
9/21/26
|
|
33,800
|
37,143
|
283
|
|
U.S. Treasury 10 yr. Ultra Note
(United States)
|
11
|
9/21/26
|
|
1,100
|
1,237
|
2
|
|
U.S. Treasury Long Bond (United States)
|
3
|
9/21/26
|
|
300
|
341
|
4
|
|
Ultra U.S. Treasury Bond (United States)
|
33
|
9/21/26
|
|
3,300
|
3,833
|
81
|
|
Short:
|
|
|
|
|
|
|
|
Eurex MSCI Japan Index (United States)
|
43
|
9/18/26
|
|
(—@)
|
(5,429
)
|
72
|
|
Euro Stoxx 50 Index (Germany)
|
20
|
9/18/26
|
EUR
|
(—@)
|
(1,452
)
|
(16
)
|
|
French Government Bond Index (Germany)
|
1
|
9/8/26
|
|
(100
)
|
(137
)
|
(1
)
|
|
FTSE 100 Index (United Kingdom)
|
7
|
9/18/26
|
GBP
|
(—@)
|
(979
)
|
(1
)
|
|
German Euro-Bobl Index (Germany)
|
54
|
9/8/26
|
EUR
|
(5,400
)
|
(7,119
)
|
(34
)
|
|
ICE mini MSCI ACWI Net Total Return Index
(United States)
|
98
|
9/18/26
|
$
|
(20
)
|
(12,311
)
|
134
|
|
IFSC NIFTY 50 Index (United States)
|
142
|
7/28/26
|
|
(—@)
|
(6,817
)
|
62
|
|
MSCI Canada Index (United States)
|
44
|
9/18/26
|
|
(—@)
|
(8,264
)
|
213
|
|
MSCI USA Index (United States)
|
28
|
9/18/26
|
|
(—@)
|
(9,818
)
|
100
|
|
Futures Contracts: (cont'd)
|
||||||
|
|
||||||
|
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
(000)
|
Value
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
Nikkei 225 Index (Japan)
|
2
|
9/10/26
|
JPY
|
(1
)
|
$(438
)
|
$(20
)
|
|
S&P 500 E Mini Index (United States)
|
11
|
9/18/26
|
$
|
(1
)
|
(4,151
)
|
(27
)
|
|
S&P/TSX 60 Index (Canada)
|
1
|
9/17/26
|
CAD
|
(—@)
|
(290
)
|
(—@
)
|
|
SFE 10 yr. Australian Bond Index (Australia)
|
31
|
9/15/26
|
AUD
|
(3,100
)
|
(2,357
)
|
(32
)
|
|
SFE 3 yr. Australian Bond Index (Australia)
|
35
|
9/15/26
|
|
(3,500
)
|
(2,535
)
|
(11
)
|
|
U.S. Treasury 10 yr. Note (United States)
|
31
|
9/21/26
|
$
|
(3,100
)
|
(3,407
)
|
(27
)
|
|
|
|
|
|
|
|
$846
|
|
Total Return Swap Agreements:
|
||||||||||
|
The Fund had the following total return swap agreements open at June 30, 2026:
|
||||||||||
|
Swap Counterparty
|
Index
|
Pay/
Receive
Total Return
of Reference
Index
|
Floating Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional
Amount
(000)
|
Value
(000)
|
Upfront
Payment
Paid
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
Barclays Bank Ireland PLC
|
iBoxx USD Liquid
Leveraged Loan Total
Return Index
|
Pay
|
SOFR + 0.00%
|
Quarterly
|
9/20/26
|
$
|
7,194
|
$5
|
$—
|
$5
|
|
Barclays Bank PLC
|
EU Energy Index††
|
Pay
|
SOFR + 0.38%
|
Quarterly
|
12/15/26
|
|
6,174
|
339
|
—
|
339
|
|
Barclays Bank PLC
|
Bloomberg Global-
Aggregate Total Return
Index Value Hedged USD
Index
|
Receive
|
SOFR - 0.22%
|
Quarterly
|
9/30/26
|
|
82,431
|
(655
)
|
—
|
(655
)
|
|
Barclays Bank PLC
|
Bloomberg Global-
Aggregate Total Return
Index Value Hedged USD
Index
|
Receive
|
SOFR - 0.24%
|
Quarterly
|
9/30/26
|
|
22,724
|
(185
)
|
—
|
(185
)
|
|
Barclays Bank PLC
|
Bloomberg Global-
Aggregate Total Return
Index Value Hedged USD
Index
|
Receive
|
SOFR - 0.26%
|
Quarterly
|
3/31/27
|
|
57,783
|
(507
)
|
—
|
(507
)
|
|
Barclays Bank PLC
|
Bloomberg U.S. MBS Index
Total Return Value
Unhedged USD Index
|
Pay
|
SOFR + 0.45%
|
Quarterly
|
10/1/26
|
|
15,173
|
291
|
—
|
291
|
|
Barclays Bank PLC
|
Bloomberg U.S. MBS Index
Total Return Value
Unhedged USD Index
|
Pay
|
SOFR + 0.53%
|
Quarterly
|
10/1/26
|
|
16,880
|
112
|
—
|
112
|
|
Barclays Bank PLC
|
MSCI Daily Total Return Net
Australia USD Index
|
Receive
|
SOFR + 0.15%
|
Quarterly
|
9/21/26
|
|
4,488
|
115
|
—
|
115
|
|
BNP Paribas SA
|
AI Hyperscalers Index††
|
Pay
|
SOFR + 0.68%
|
Quarterly
|
11/30/26
|
|
12,608
|
(90
)
|
—
|
(90
)
|
|
BNP Paribas SA
|
BNP EU Utilities Index††
|
Pay
|
SOFR + 0.02%
|
Quarterly
|
8/6/26
|
|
13,061
|
(209
)
|
—
|
(209
)
|
|
BNP Paribas SA
|
BNP EU Utilities Index††
|
Pay
|
SOFR + 0.02%
|
Quarterly
|
8/6/26
|
|
6,666
|
(107
)
|
—
|
(107
)
|
|
BNP Paribas SA
|
BNP EU Utilities Index††
|
Pay
|
SOFR + 0.02%
|
Quarterly
|
8/6/26
|
|
3,581
|
53
|
—
|
53
|
|
BNP Paribas SA
|
iBoxx EUR Liquid High Yield
Index
|
Pay
|
3 Month EURIBOR + 2.04%
|
Quarterly
|
9/20/26
|
EUR
|
5,010
|
75
|
—
|
75
|
|
BNP Paribas SA
|
iBoxx USD Liquid
Leveraged Loan Total
Return Index
|
Pay
|
SOFR + 3.77%
|
Quarterly
|
9/20/26
|
$
|
11,448
|
197
|
—
|
197
|
|
BNP Paribas SA
|
Japanese Bank Index
|
Pay
|
SOFR + 0.25%
|
Quarterly
|
7/30/26
|
|
5,625
|
375
|
—
|
375
|
|
BNP Paribas SA
|
MSCI Total Return Net USA
Index
|
Pay
|
SOFR + 0.31%
|
Quarterly
|
12/21/26
|
|
11,907
|
(102
)
|
—
|
(102
)
|
|
Goldman Sachs
International
|
MSCI Emerging Markets
Net Total Return Index
|
Pay
|
SOFR + 0.40%
|
Quarterly
|
1/28/27
|
|
43,553
|
2,376
|
—
|
2,376
|
|
JPMorgan Chase Bank NA
|
AI Defense Index††
|
Pay
|
SOFR + 0.45%
|
Quarterly
|
12/21/26
|
|
7,090
|
(192
)
|
—
|
(192
)
|
|
JPMorgan Chase Bank NA
|
iBoxx USD Liquid High Yield
Index
|
Pay
|
SOFR + 0.00%
|
Quarterly
|
9/20/26
|
|
15,625
|
203
|
—
|
203
|
|
JPMorgan Chase Bank NA
|
J.P. Morgan EMBI Global
Core Index
|
Pay
|
SOFR + 0.70%
|
Quarterly
|
10/1/26
|
|
5,674
|
233
|
—
|
233
|
|
JPMorgan Chase Bank NA
|
J.P. Morgan EMBI Global
Core Index
|
Pay
|
SOFR + 0.83%
|
Quarterly
|
10/1/26
|
|
26,368
|
823
|
—
|
823
|
|
JPMorgan Chase Bank NA
|
MSCI Total Return Net
Europe Index
|
Receive
|
SOFR + 0.00%
|
Quarterly
|
9/22/26
|
|
50,916
|
323
|
—
|
323
|
|
JPMorgan Chase Bank NA
|
MSCI World Net Total
Return USD Index
|
Receive
|
SOFR + 0.00%
|
Quarterly
|
9/22/26
|
|
7,335
|
17
|
—
|
17
|
|
JPMorgan Chase Bank NA
|
S&P 1000 Total Return
Index
|
Pay
|
SOFR + 0.60%
|
Quarterly
|
12/21/26
|
|
12,818
|
279
|
—
|
279
|
|
JPMorgan Chase Bank NA
|
S&P Reduced Tech Index††
|
Receive
|
SOFR + 0.83%
|
Quarterly
|
12/21/26
|
|
12,833
|
(72
)
|
—
|
(72
)
|
|
Total Return Swap Agreements: (cont'd)
|
||||||||||
|
|
||||||||||
|
Swap Counterparty
|
Index
|
Pay/
Receive
Total Return
of Reference
Index
|
Floating Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional
Amount
(000)
|
Value
(000)
|
Upfront
Payment
Paid
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
JPMorgan Chase Bank NA
|
U.S. Policy Index††
|
Pay
|
SOFR + 0.38%
|
Quarterly
|
12/21/26
|
$
|
7,291
|
$114
|
$—
|
$114
|
|
JPMorgan Chase Bank NA
|
U.S. Regional Banks Index
|
Pay
|
SOFR - 0.05%
|
Quarterly
|
12/21/26
|
|
3,993
|
184
|
—
|
184
|
|
UBS AG
|
EU Banks Index††
|
Pay
|
SOFR + 0.12%
|
Quarterly
|
12/22/26
|
|
6,641
|
(84
)
|
—
|
(84
)
|
|
UBS AG
|
MSCI Japan Net Total
Return USD Index
|
Pay
|
SOFR + 0.30%
|
Quarterly
|
2/10/27
|
|
18,090
|
669
|
—
|
669
|
|
UBS AG
|
MSCI USA Index
|
Pay
|
SOFR + 0.78%
|
Quarterly
|
10/23/26
|
|
24,567
|
1,098
|
—
|
1,098
|
|
|
|
|
|
|
|
|
|
$5,678
|
$—
|
$5,678
|
|
††
|
See tables below for details of the equity basket holdings underlying the swaps.
|
|
The following table represents the equity basket holdings underlying the
total return swap with EU Energy Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
EU Energy Index
|
|
|
|
|
ABB Ltd. - Reg
|
7,024
|
$761
|
0.13
%
|
|
Nexans SA
|
9,794
|
1,624
|
0.27
|
|
NKT A/S
|
10,816
|
1,612
|
0.27
|
|
Nordex SE
|
30,122
|
1,588
|
0.26
|
|
Prysmian SpA
|
7,312
|
1,219
|
0.20
|
|
Siemens Energy AG
|
7,713
|
1,460
|
0.24
|
|
Spie SA
|
13,856
|
797
|
0.13
|
|
Vestas Wind Systems A/S
|
54,865
|
1,547
|
0.26
|
|
The following table represents the equity basket holdings underlying the
total return swap with AI Hyperscalers Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
AI Hyperscalers Index
|
|
|
|
|
Advanced Micro Devices
|
67
|
$39
|
0.01
%
|
|
Advantest Corp.
|
59
|
12
|
0.00
‡
|
|
Alphabet, Inc. - Class A
|
388
|
139
|
0.02
|
|
Amazon.Com, Inc.
|
563
|
134
|
0.02
|
|
Applied Materials, Inc.
|
30
|
22
|
0.00
‡
|
|
ASM International NV
|
10
|
11
|
0.00
‡
|
|
Asml Holding NV
|
17
|
34
|
0.01
|
|
Broadcom, Inc.
|
212
|
80
|
0.01
|
|
Digital Realty Trust, Inc.
|
52
|
9
|
0.00
‡
|
|
Disco Corp.
|
24
|
12
|
0.00
‡
|
|
KLA Corp.
|
49
|
15
|
0.00
‡
|
|
Lam Research Corp
|
45
|
20
|
0.00
‡
|
|
Micron Technology, Inc.
|
39
|
45
|
0.01
|
|
Microsoft Corp.
|
365
|
136
|
0.02
|
|
NVIDIA Corp.
|
701
|
140
|
0.02
|
|
SK Hynix, Inc.
|
25
|
42
|
0.01
|
|
Taiwan Semiconductor-SP ADR
|
197
|
94
|
0.02
|
|
Tokyo Electron Ltd.
|
30
|
14
|
0.00
‡
|
|
The following table represents the equity basket holdings underlying the
total return swap with BNP EU Utilities Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
BNP EU Utilities Index
|
|
|
|
|
Acciona SA
|
36
|
$11
|
0.00
%‡
|
|
BKW AG
|
31
|
5
|
0.00
‡
|
|
Centrica PLC
|
6,855
|
16
|
0.00
‡
|
|
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
BNP EU Utilities Index (cont'd)
|
|
|
|
|
E.ON SE
|
3,265
|
$67
|
0.01
%
|
|
EDP Renewables SA
|
459
|
7
|
0.00
‡
|
|
EDP SA
|
4,575
|
24
|
0.00
‡
|
|
Elia Group SA
|
63
|
10
|
0.00
‡
|
|
Endesa SA
|
463
|
21
|
0.00
‡
|
|
Enel SpA
|
11,836
|
136
|
0.02
|
|
Engie SA
|
2,658
|
84
|
0.01
|
|
Fortum OYJ
|
653
|
15
|
0.00
‡
|
|
Iberdrola SA
|
9,360
|
233
|
0.04
|
|
National Grid PLC
|
7,217
|
119
|
0.02
|
|
Naturgy Energy Group SA
|
353
|
11
|
0.00
‡
|
|
Orsted A/S
|
769
|
17
|
0.00
‡
|
|
Redeia Corp SA
|
588
|
10
|
0.00
‡
|
|
RWE AG
|
919
|
59
|
0.01
|
|
Severn Trent PLC
|
395
|
15
|
0.00
‡
|
|
Snam SpA
|
2,928
|
21
|
0.00
‡
|
|
SSE PLC
|
1,755
|
57
|
0.01
|
|
Terna-Rete Elettrica Naziona
|
2,045
|
24
|
0.00
‡
|
|
United Utilities Group PLC
|
990
|
17
|
0.00
‡
|
|
Veolia Environnement
|
917
|
38
|
0.01
|
|
Verbund AG
|
98
|
6
|
0.00
‡
|
|
The following table represents the equity basket holdings underlying the
total return swap with AI Defense Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
AI Defense Index
|
|
|
|
|
Aerovironment, Inc.
|
1,799
|
$297
|
0.05
%
|
|
Aevex Corp. - Class A
|
9,553
|
200
|
0.03
|
|
BAE Systems PLC
|
12,790
|
313
|
0.05
|
|
Bigbear.AI Holdings, Inc.
|
55,470
|
204
|
0.03
|
|
Blacksky Technology, Inc.
|
5,213
|
146
|
0.02
|
|
C3.AI, Inc. - Class A
|
21,899
|
199
|
0.03
|
|
CACI International, Inc. -Class A
|
608
|
282
|
0.05
|
|
Chemring Group PLC
|
47,838
|
325
|
0.05
|
|
Cohort PLC
|
17,444
|
284
|
0.05
|
|
Droneshield Ltd.
|
134,903
|
226
|
0.04
|
|
Elbit Systems Ltd.
|
421
|
319
|
0.05
|
|
Electro Optic Systems Holdings,
Inc.
|
43,147
|
307
|
0.05
|
|
Hensoldt AG
|
3,244
|
251
|
0.04
|
|
Huntington Ingalls Industries, Inc.
|
844
|
236
|
0.04
|
|
IPG Photonics Corp.
|
1,986
|
233
|
0.04
|
|
Karman Holdings, Inc.
|
4,766
|
238
|
0.04
|
|
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
AI Defense Index (cont'd)
|
|
|
|
|
Kratos Defense & Security
|
5,303
|
$264
|
0.04
%
|
|
L3Harris Technologies, Inc.
|
1,236
|
359
|
0.06
|
|
Leidos Holdings, Inc.
|
2,420
|
249
|
0.04
|
|
Leonardo DRS, Inc.
|
7,266
|
310
|
0.05
|
|
Leonardo SpA
|
5,078
|
272
|
0.04
|
|
Lockheed Martin Corp.
|
694
|
354
|
0.06
|
|
Mercury Systems, Inc.
|
3,014
|
369
|
0.06
|
|
Next Vision Stabilized Systems,
Ltd.
|
3,238
|
261
|
0.04
|
|
Nlight, Inc.
|
3,321
|
231
|
0.04
|
|
Northrop Grumman Corp.
|
652
|
332
|
0.05
|
|
Ondas, Inc.
|
24,410
|
201
|
0.03
|
|
Palantir Technologies, Inc. -
Class A
|
2,268
|
265
|
0.04
|
|
Parsons Corp.
|
4,776
|
250
|
0.04
|
|
Red Cat Holdings, Inc.
|
27,325
|
291
|
0.05
|
|
Rheinmetall AG
|
214
|
242
|
0.04
|
|
RTX Corp.
|
1,980
|
376
|
0.06
|
|
Saab AB - Series B
|
5,530
|
286
|
0.05
|
|
Science Applications International
corp.
|
2,637
|
291
|
0.05
|
|
Teledyne Technologies, Inc.
|
498
|
332
|
0.05
|
|
Thales SA
|
1,207
|
310
|
0.05
|
|
TTM Technologies
|
1,154
|
216
|
0.04
|
|
The following table represents the equity basket top 50 holdings underlying
the total return swap with S&P Reduced Tech Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
S&P Reduced Tech Index
|
|
|
|
|
Abbvie, Inc.
|
1,208
|
$304
|
0.05
%
|
|
Advanced Micro Devices
|
351
|
204
|
0.03
|
|
Alphabet, Inc. - Class A
|
1,253
|
448
|
0.07
|
|
Alphabet, Inc. - Class C
|
1,006
|
355
|
0.06
|
|
Amazon.Com, Inc.
|
2,213
|
528
|
0.09
|
|
American Express Co.
|
339
|
115
|
0.02
|
|
Amgen, Inc.
|
350
|
127
|
0.02
|
|
Apple, Inc.
|
3,355
|
971
|
0.16
|
|
Applied Materials, Inc.
|
164
|
119
|
0.02
|
|
Bank of America Corp.
|
4,277
|
244
|
0.04
|
|
Bank of America Corp.
|
1,165
|
583
|
0.10
|
|
Boeing Co.
|
548
|
119
|
0.02
|
|
Broadcom, Inc.
|
1,108
|
418
|
0.07
|
|
Caterpillar Inc
|
292
|
311
|
0.05
|
|
Chevron Corp.
|
1,095
|
181
|
0.03
|
|
Citigroup, Inc.
|
1,074
|
150
|
0.02
|
|
Coca-Cola Co.
|
2,418
|
196
|
0.03
|
|
Costco Wholesale Corp.
|
279
|
261
|
0.04
|
|
Eli Lilly & Co.
|
524
|
629
|
0.10
|
|
Exxonmobil Holdings Corp.
|
2,486
|
340
|
0.06
|
|
GE Vernova, Inc.
|
158
|
185
|
0.03
|
|
General Electric
|
727
|
272
|
0.04
|
|
Goldman Sachs Group, Inc.
|
189
|
192
|
0.03
|
|
Home Depot, Inc.
|
671
|
237
|
0.04
|
|
Intel Corp.
|
966
|
135
|
0.02
|
|
Johnson & Johnson
|
1,488
|
378
|
0.06
|
|
JPMorgan Chase & Co.
|
1,685
|
551
|
0.09
|
|
LAM Research Corp.
|
248
|
107
|
0.02
|
|
Linde PLC
|
286
|
149
|
0.02
|
|
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
S&P Reduced Tech Index
(cont'd)
|
|
|
|
|
Mastercard, Inc. - Class A
|
532
|
$273
|
0.05
%
|
|
McDonald's Corp.
|
458
|
124
|
0.02
|
|
Merck & Co. Inc.
|
1,539
|
198
|
0.03
|
|
Meta Platforms, Inc. - Class A
|
512
|
288
|
0.05
|
|
Micron Technology, Inc.
|
214
|
247
|
0.04
|
|
Microsoft Corp.
|
1,724
|
643
|
0.11
|
|
Netflix, Inc.
|
2,829
|
202
|
0.03
|
|
NextEra Energy, Inc.
|
1,279
|
112
|
0.02
|
|
NVIDIA Corp.
|
5,433
|
1,087
|
0.18
|
|
Pepsico, Inc.
|
864
|
117
|
0.02
|
|
Procter & Gamble Co.
|
1,518
|
223
|
0.04
|
|
RTX Corp.
|
858
|
163
|
0.03
|
|
Tesla, Inc.
|
1,825
|
768
|
0.13
|
|
Thermo Fisher Scientific, Inc.
|
250
|
125
|
0.02
|
|
Union Pacific Corp.
|
400
|
109
|
0.02
|
|
Unitedhealth Group, Inc.
|
563
|
234
|
0.04
|
|
Verizon Communications, Inc.
|
2,675
|
113
|
0.02
|
|
Visa, Inc. - Class A Shares
|
1,096
|
376
|
0.06
|
|
Walmart, Inc.
|
2,762
|
313
|
0.05
|
|
Walt Disney Co.
|
1,125
|
108
|
0.02
|
|
Wells Fargo & Co.
|
2,050
|
169
|
0.03
|
|
The following table represents the equity basket holdings underlying the
total return swap with U.S. Policy Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
U.S. Policy Index
|
|
|
|
|
Air Products & Chemicals, Inc.
|
1,449
|
$425
|
0.07
%
|
|
ATS Corp.
|
3,792
|
109
|
0.02
|
|
Carrier Global Corp.
|
5,810
|
426
|
0.07
|
|
Caterpillar Inc
|
1,057
|
1,125
|
0.19
|
|
Circle Internet Group, Inc.
|
661
|
41
|
0.01
|
|
Cognex Corp
|
2,245
|
163
|
0.03
|
|
Coinbase Global, Inc. - Class A
|
353
|
52
|
0.01
|
|
Cummins, Inc.
|
819
|
584
|
0.10
|
|
Donaldson Co., Inc.
|
1,229
|
110
|
0.02
|
|
Dover Corp.
|
942
|
211
|
0.03
|
|
Eagle Materials, Inc.
|
446
|
100
|
0.02
|
|
Eaton Corp. PLC
|
1,331
|
567
|
0.09
|
|
Emcor Group, Inc.
|
279
|
231
|
0.04
|
|
Emerson Electric Co.
|
3,556
|
509
|
0.08
|
|
Fastenal Co.
|
7,019
|
337
|
0.06
|
|
Fortive Corp.
|
2,205
|
135
|
0.02
|
|
GE Vernova, Inc.
|
420
|
494
|
0.08
|
|
Honeywell Aerospace, Inc.
|
1,133
|
251
|
0.04
|
|
Honeywell International, Inc.
|
1,133
|
254
|
0.04
|
|
Hubbell, Inc.
|
351
|
184
|
0.03
|
|
Ingersoll-Rand, Inc.
|
2,430
|
199
|
0.03
|
|
Jacobs Solutions, Inc.
|
723
|
91
|
0.02
|
|
Johnson Controls International,
Inc.
|
3,917
|
572
|
0.09
|
|
Kennametal, Inc.
|
4,871
|
171
|
0.03
|
|
Lincoln Electric Holdings, Inc.
|
420
|
111
|
0.02
|
|
Linde PLC
|
1,028
|
534
|
0.09
|
|
Martin Marietta Materials
|
377
|
217
|
0.04
|
|
Mirion Technologies, Inc.
|
4,791
|
86
|
0.01
|
|
Nvent Electric PLC
|
1,039
|
176
|
0.03
|
|
Parker Hannifin Corp.
|
654
|
640
|
0.11
|
|
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
U.S. Policy Index (cont'd)
|
|
|
|
|
Quanta Services, Inc.
|
854
|
$615
|
0.10
%
|
|
Repligen Corp.
|
745
|
102
|
0.02
|
|
Rockwell Automation, Inc.
|
675
|
334
|
0.06
|
|
Sempra
|
3,618
|
335
|
0.06
|
|
Solstice Adv Materials, Inc.
|
575
|
51
|
0.01
|
|
Terex Corp.
|
2,039
|
148
|
0.02
|
|
Timken Co.
|
1,323
|
192
|
0.03
|
|
Trane Technologies PLC
|
1,173
|
576
|
0.10
|
|
United Rentals, Inc.
|
411
|
466
|
0.08
|
|
Vulcan Materials Co.
|
782
|
231
|
0.04
|
|
WW Grainger, Inc.
|
317
|
431
|
0.07
|
|
The following table represents the equity basket holdings underlying the
total return swap with EU Banks Index as of June 30, 2026:
|
|||
|
Security Description
|
Shares
|
Value
(000)
|
Percentage of
Net Assets
|
|
EU Banks Index
|
|
|
|
|
ABN AMRO Bank NV - CVA
|
4,166
|
$177
|
0.03
%
|
|
AIB Group PLC
|
15,552
|
182
|
0.03
|
|
Alpha Bank SA
|
26,662
|
120
|
0.02
|
|
Banca Generali SpA
|
449
|
33
|
0.01
|
|
Banca Monte Dei Paschi Siena
SpA
|
17,381
|
216
|
0.04
|
|
Banco Bilbao Vizcaya Argentaria
SA
|
41,522
|
1,037
|
0.17
|
|
Banco BPM SpA
|
8,085
|
139
|
0.02
|
|
Banco Comercial Portugues -
Class R
|
64,559
|
76
|
0.01
|
|
Banco De Sabadell SA
|
37,298
|
132
|
0.02
|
|
Banco Santander SA
|
110,095
|
1,519
|
0.25
|
|
Bank of Ireland Group PLC
|
6,672
|
133
|
0.02
|
|
Bankinter SA
|
4,786
|
80
|
0.01
|
|
Bawag Group AG
|
571
|
114
|
0.02
|
|
BNP Paribas
|
8,038
|
937
|
0.15
|
|
Bper Banca SpA
|
11,399
|
179
|
0.03
|
|
Caixabank SA
|
25,179
|
356
|
0.06
|
|
Commerzbank AG
|
5,065
|
215
|
0.04
|
|
Credit Agricole SA
|
8,254
|
166
|
0.03
|
|
Deutsche Bank AG - Registered
|
14,105
|
477
|
0.08
|
|
Erste Group Bank AG
|
2,299
|
307
|
0.05
|
|
Eurobank SA
|
43,487
|
207
|
0.03
|
|
Finecobank SpA
|
4,706
|
118
|
0.02
|
|
ING Groep NV
|
21,773
|
688
|
0.11
|
|
Intesa Sanpaolo
|
117,456
|
803
|
0.13
|
|
Kbc Ancora
|
289
|
27
|
0.00
‡
|
|
Kbc Group NV
|
1,732
|
236
|
0.04
|
|
National Bank of Greece
|
14,715
|
253
|
0.04
|
|
Nordea Bank Abp
|
24,875
|
471
|
0.08
|
|
Piraeus Bank SA
|
18,765
|
195
|
0.03
|
|
Raiffeisen Bank International AG
|
969
|
62
|
0.01
|
|
Societe Generale SA
|
5,847
|
516
|
0.09
|
|
Unicaja Banco SA
|
8,313
|
30
|
0.00
‡
|
|
Unicredit SpA
|
10,940
|
977
|
0.16
|
|
@
|
Value is less than $500.
|
|
‡
|
Amount is less than 0.05%.
|
|
ADR
|
American Depositary Receipt.
|
|
CVA
|
Certificaten Van Aandelen.
|
|
FTSE
|
Financial Times Stock Exchange.
|
|
KFE
|
Korean Futures Exchange.
|
|
MSCI
|
Morgan Stanley Capital International.
|
|
SFE
|
Sydney Futures Exchange.
|
|
AUD —
|
Australian Dollar
|
|
BRL —
|
Brazilian Real
|
|
CAD —
|
Canadian Dollar
|
|
CHF —
|
Swiss Franc
|
|
CLP —
|
Chilean Peso
|
|
CNH —
|
Chinese Yuan Renminbi Offshore
|
|
CNY —
|
Chinese Yuan Renminbi
|
|
COP —
|
Colombian Peso
|
|
CZK —
|
Czech Koruna
|
|
DKK —
|
Danish Krone
|
|
EUR —
|
Euro
|
|
GBP —
|
British Pound
|
|
HKD —
|
Hong Kong Dollar
|
|
HUF —
|
Hungarian Forint
|
|
IDR —
|
Indonesian Rupiah
|
|
ILS —
|
Israeli Shekel
|
|
INR —
|
Indian Rupee
|
|
JPY —
|
Japanese Yen
|
|
KRW —
|
South Korean Won
|
|
MXN —
|
Mexican Peso
|
|
MYR —
|
Malaysian Ringgit
|
|
NOK —
|
Norwegian Krone
|
|
NZD —
|
New Zealand Dollar
|
|
PEN —
|
Peruvian Nuevo Sol
|
|
PLN —
|
Polish Zloty
|
|
RON —
|
Romanian New Leu
|
|
SEK —
|
Swedish Krona
|
|
SGD —
|
Singapore Dollar
|
|
THB —
|
Thai Baht
|
|
TRY —
|
Turkish Lira
|
|
TWD —
|
Taiwan Dollar
|
|
ZAR —
|
South African Rand
|
|
Portfolio Composition
|
|
|
Classification
|
Percentage of
Total Investments
|
|
Common Stocks
|
50.3
%
|
|
Sovereign
|
20.7
|
|
U.S. Treasury Securities
|
9.5
|
|
Other*
|
6.9
|
|
Short-Term Investment
|
6.5
|
|
Corporate Bonds
|
6.1
|
|
Total Investments
|
100.0
%**
|
|
*
|
Industries and/or investment types representing less than 5% of total investments.
|
|
**
|
Does not include open futures contracts with a value of approximately
$133,315,000 and net unrealized appreciation of approximately $846,000. Does
not include open foreign currency forward exchange contracts with net unrealized
appreciation of approximately $168,000. Also does not include open swap
agreements with net unrealized appreciation of approximately $5,678,000.
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Certificates of Deposit (14.8%)
|
|
|
|
|
Domestic Bank (0.1%)
|
|||
|
Bank of America NA
|
|
|
|
|
3.83%, 4/5/27
|
$
|
18,000
|
$17,944
|
|
International Banks (14.7%)
|
|||
|
Banco Bilbao Vizcaya Argentaria SA,
|
|
|
|
|
4.12%, 5/24/27
|
|
88,000
|
87,786
|
|
4.13%, 5/17/27 - 5/21/27
|
|
190,000
|
189,569
|
|
4.14%, 5/17/27
|
|
135,000
|
134,709
|
|
4.18%, 4/30/27
|
|
75,000
|
74,889
|
|
4.28%, 5/21/27
|
|
100,000
|
99,913
|
|
Banco Santander SA,
|
|
|
|
|
3.92%, 3/4/27
|
|
140,000
|
139,703
|
|
4.11%, 5/24/27
|
|
130,000
|
129,795
|
|
4.15%, 5/4/27
|
|
150,000
|
149,862
|
|
4.30%, 6/9/27
|
|
20,000
|
20,002
|
|
4.44%, 7/10/26
|
|
80,000
|
80,013
|
|
Bank of Nova Scotia
|
|
|
|
|
3.85%, 1/6/27
|
|
190,000
|
189,779
|
|
Bayerische Landesbank,
|
|
|
|
|
3.83%, 2/4/27
|
|
180,500
|
180,104
|
|
3.85%, 1/28/27
|
|
45,500
|
45,410
|
|
Credit Industriel ET Commercial SA
|
|
|
|
|
3.84%, 2/12/27
|
|
102,000
|
101,751
|
|
Deutsche Bank AG,
|
|
|
|
|
3.90%, 1/22/27
|
|
175,000
|
174,657
|
|
4.09%, 4/28/27
|
|
95,000
|
94,820
|
|
4.40%, 8/7/26
|
|
222,000
|
222,088
|
|
Intesa Sanpaolo SpA
|
|
|
|
|
4.05%, 7/7/26
|
|
30,000
|
30,001
|
|
National Bank of Kuwait,
|
|
|
|
|
4.00%, 10/27/26
|
|
37,000
|
36,971
|
|
4.04%, 12/22/26
|
|
90,000
|
89,845
|
|
4.05%, 12/4/26 (a)
|
|
10,000
|
9,985
|
|
4.08%, 1/8/27
|
|
100,000
|
99,819
|
|
4.19%, 9/15/26
|
|
80,000
|
80,007
|
|
4.20%, 10/1/26
|
|
5,000
|
5,000
|
|
4.21%, 10/1/26
|
|
55,000
|
54,997
|
|
Qatar National Bank,
|
|
|
|
|
3.91%, 7/7/26
|
|
80,000
|
79,941
|
|
3.95%, 7/14/26
|
|
35,000
|
34,948
|
|
4.32%, 6/2/27
|
|
120,000
|
115,224
|
|
4.37%, 6/17/27
|
|
139,900
|
134,073
|
|
|
|
|
2,885,661
|
|
Total Certificates of Deposit (Cost $2,907,451)
|
2,903,605
|
||
|
Commercial Paper (b) (23.9%)
|
|
|
|
|
Asset-Backed Diversified Financial Services (1.9%)
|
|||
|
Bay Square Funding LLC
|
|
|
|
|
4.14%, 11/18/26
|
|
50,000
|
49,221
|
|
Bedford Row Funding Corp.
|
|
|
|
|
4.04%, 10/20/26 (c)
|
|
40,000
|
39,515
|
|
LMA Americas LLC
|
|
|
|
|
4.10%, 1/15/27
|
|
50,000
|
48,878
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
|||
|
Nieuw Amsterdam Receivables Corp.
|
|
|
|
|
4.08%, 1/20/27
|
$
|
27,000
|
$26,373
|
|
Zephyr Financiere, Inc.,
|
|
|
|
|
4.00%, 10/20/26 - 10/21/26 (c)
|
|
145,000
|
143,226
|
|
4.25%, 5/19/27 (c)
|
|
75,000
|
72,184
|
|
|
|
|
379,397
|
|
Automobiles (1.2%)
|
|||
|
General Motors Financial Co., Inc.,
|
|
|
|
|
4.27%, 2/10/27
|
|
10,000
|
9,723
|
|
4.29%, 1/26/27
|
|
20,000
|
19,484
|
|
Toyota Credit de Puerto Rico Corp.
|
|
|
|
|
3.90%, 10/5/26
|
|
25,000
|
24,739
|
|
VW Credit, Inc.,
|
|
|
|
|
4.25%, 9/24/26
|
|
60,000
|
59,406
|
|
4.25%, 9/3/26 (c)
|
|
25,250
|
25,062
|
|
4.30%, 12/2/26 - 12/3/26 (c)
|
|
100,000
|
98,148
|
|
|
|
|
236,562
|
|
Basic Materials (0.0%)‡
|
|||
|
Sherwin Williams Co.
|
|
|
|
|
3.88%, 7/6/26
|
|
11,000
|
10,993
|
|
Computer Technology (0.1%)
|
|||
|
Oracle Corp.
|
|
|
|
|
4.36%, 7/24/26
|
|
15,000
|
14,959
|
|
Consumer, Non-Cyclical (1.0%)
|
|||
|
Bayer Corp.,
|
|
|
|
|
4.31%, 10/22/26 (c)
|
|
40,450
|
39,903
|
|
4.32%, 10/19/26 (c)
|
|
55,000
|
54,277
|
|
4.32%, 10/20/26
|
|
100,000
|
98,674
|
|
|
|
|
192,854
|
|
Diversified Financial Services (0.4%)
|
|||
|
Equitable Short Term Funding LLC
|
|
|
|
|
4.21%, 12/18/26 (c)
|
|
76,800
|
75,357
|
|
Domestic Banks (5.0%)
|
|||
|
Bank of America Securities, Inc.
|
|
|
|
|
3.90%, 12/2/26
|
|
35,000
|
34,402
|
|
HSBC USA, Inc.,
|
|
|
|
|
0.00%, 11/5/26
|
|
50,000
|
49,285
|
|
3.92%, 12/23/26 (c)
|
|
150,000
|
146,998
|
|
3.92%, 1/4/27 - 2/3/27
|
|
65,000
|
63,551
|
|
3.94%, 3/3/27
|
|
45,000
|
43,717
|
|
3.95%, 1/21/27 - 1/27/27
|
|
82,000
|
80,044
|
|
3.96%, 1/12/27 - 1/13/27 (c)
|
|
90,000
|
87,975
|
|
4.12%, 9/9/26
|
|
50,000
|
49,615
|
|
4.17%, 4/1/27 (c)
|
|
50,000
|
48,395
|
|
4.21%, 5/14/27
|
|
35,000
|
33,692
|
|
4.29%, 6/3/27
|
|
27,000
|
25,924
|
|
4.50%, 7/6/26
|
|
75,000
|
74,953
|
|
4.50%, 6/22/27 (c)
|
|
100,000
|
95,780
|
|
4.58%, 7/30/26
|
|
35,000
|
34,888
|
|
National Securities Clearing Corp.
|
|
|
|
|
3.76%, 7/6/26 (c)
|
|
110,000
|
109,933
|
|
|
|
|
979,152
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Commercial Paper (b) (cont'd)
|
|
|
|
|
Finance (4.7%)
|
|||
|
Barclays Capital, Inc.,
|
|
|
|
|
3.89%, 1/27/27 - 2/3/27
|
$
|
170,000
|
$165,934
|
|
3.95%, 3/5/27
|
|
60,000
|
58,311
|
|
4.16%, 4/30/27
|
|
150,000
|
144,773
|
|
4.17%, 12/22/26
|
|
50,000
|
49,017
|
|
4.18%, 5/4/27
|
|
200,000
|
192,933
|
|
4.19%, 5/10/27
|
|
25,000
|
24,098
|
|
4.22%, 5/26/27
|
|
4,775
|
4,594
|
|
4.32%, 3/25/27
|
|
25,000
|
24,237
|
|
4.47%, 7/31/26
|
|
55,000
|
54,825
|
|
Brookfield Infrastructure Holdings (Canada), Inc.
|
|
|
|
|
4.19%, 9/1/26
|
|
40,350
|
40,054
|
|
Citigroup Global Markets, Inc.,
|
|
|
|
|
4.03%, 1/4/27 (c)
|
|
50,000
|
48,948
|
|
4.14%, 4/28/27
|
|
120,000
|
115,842
|
|
|
|
|
923,566
|
|
Industrials (0.5%)
|
|||
|
CBRE Services, Inc.
|
|
|
|
|
4.03%, 7/24/26
|
|
30,000
|
29,921
|
|
Glencore Funding LLC
|
|
|
|
|
4.15%, 9/17/26 (a)
|
|
65,000
|
64,420
|
|
|
|
|
94,341
|
|
International Banks (8.9%)
|
|||
|
Banco Bilbao Vizcaya Argentaria
|
|
|
|
|
4.29%, 5/28/27 (c)
|
|
4,800
|
4,614
|
|
Bank of New Zealand
|
|
|
|
|
4.16%, 6/1/27 (c)
|
|
46,000
|
44,235
|
|
Federation Des Caisses Desjardins
|
|
|
|
|
3.84%, 3/4/27
|
|
95,000
|
92,351
|
|
First Abu Dhabi Bank PJSC
|
|
|
|
|
4.15%, 12/15/26 (c)
|
|
80,000
|
78,511
|
|
Macquarie Group Ltd.,
|
|
|
|
|
4.05%, 8/10/26
|
|
25,000
|
24,886
|
|
4.06%, 12/15/26 (c)
|
|
104,800
|
102,721
|
|
4.11%, 3/9/27
|
|
130,000
|
126,091
|
|
4.17%, 3/11/27 (c)
|
|
50,000
|
48,484
|
|
National Bank of Kuwait
|
|
|
|
|
4.08%, 9/4/26 (c)
|
|
39,900
|
39,620
|
|
National Westminster Bank PLC
|
|
|
|
|
4.20%, 5/21/27 (c)
|
|
140,000
|
134,799
|
|
Norddeutsche Landesbank,
|
|
|
|
|
4.19%, 5/19/27
|
|
150,000
|
144,397
|
|
4.22%, 5/28/27
|
|
35,000
|
33,655
|
|
4.28%, 3/25/27
|
|
39,000
|
37,801
|
|
4.29%, 7/2/26 - 6/8/27
|
|
275,000
|
268,029
|
|
4.44%, 7/31/26
|
|
140,000
|
139,559
|
|
Oversea Chinese Banking Corp.
|
|
|
|
|
3.91%, 10/5/26
|
|
50,000
|
49,475
|
|
Royal Bank of Canada,
|
|
|
|
|
4.19%, 3/19/27 - 3/22/27
|
|
202,000
|
195,999
|
|
4.20%, 3/23/27
|
|
100,000
|
97,000
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|
|
|
|
|
|||
|
Toronto-Dominion Bank
|
|
|
|
|
4.07%, 4/21/27
|
$
|
18,000
|
$17,398
|
|
UBS AG London
|
|
|
|
|
4.30%, 3/18/27 (c)
|
|
65,000
|
65,031
|
|
|
|
|
1,744,656
|
|
Utilities (0.2%)
|
|||
|
National Grid North America, Inc.
|
|
|
|
|
4.01%, 7/24/26
|
|
50,000
|
49,867
|
|
Total Commercial Paper (Cost $4,705,552)
|
4,701,704
|
||
|
Corporate Bonds (4.1%)
|
|
|
|
|
Automobiles (1.1%)
|
|
|
|
|
American Honda Finance Corp.
|
|
|
|
|
4.90%, 3/12/27
|
|
6,048
|
6,067
|
|
General Motors Financial Co., Inc.,
|
|
|
|
|
4.35%, 1/17/27
|
|
3,245
|
3,242
|
|
5.35%, 7/15/27
|
|
35,000
|
35,306
|
|
Hyundai Capital America,
|
|
|
|
|
1.65%, 9/17/26 (c)
|
|
12,000
|
11,934
|
|
2.75%, 9/27/26 (c)
|
|
5,000
|
4,984
|
|
3.50%, 11/2/26
|
|
10,000
|
9,972
|
|
4.85%, 3/25/27 (c)
|
|
22,000
|
22,069
|
|
4.88%, 6/23/27 (a)(c)
|
|
23,829
|
23,924
|
|
5.25%, 1/8/27 (c)
|
|
64,475
|
64,749
|
|
5.28%, 6/24/27 (a)(c)
|
|
8,776
|
8,835
|
|
5.30%, 3/19/27 (c)
|
|
11,084
|
11,153
|
|
5.95%, 9/21/26 (c)
|
|
14,145
|
14,192
|
|
Volkswagen Group of America Finance LLC
|
|
|
|
|
6.00%, 11/16/26 (c)
|
|
6,910
|
6,949
|
|
|
|
|
223,376
|
|
Automobiles Manufacturing (0.1%)
|
|
|
|
|
Mercedes-Benz Finance North America LLC
|
|
|
|
|
5.20%, 8/3/26 (c)
|
|
12,000
|
12,012
|
|
Diversified Financial Services (0.1%)
|
|
|
|
|
AerCap Ireland Capital Designated Activity Co.
|
|
|
|
|
2.45%, 10/29/26 (a)
|
|
1,000
|
994
|
|
Nomura Holdings, Inc.,
|
|
|
|
|
5.39%, 7/6/27
|
|
10,000
|
10,091
|
|
5.59%, 7/2/27
|
|
1,950
|
1,972
|
|
|
|
|
13,057
|
|
Insurance (0.0%)‡
|
|
|
|
|
MassMutual Global Funding II
|
|
|
|
|
1.20%, 7/16/26 (c)
|
|
10,850
|
10,838
|
|
International Banks (2.8%)
|
|
|
|
|
ASB Bank Ltd.
|
|
|
|
|
1.63%, 10/22/26 (c)
|
|
5,495
|
5,454
|
|
Credit Agricole SA
|
|
|
|
|
5.59%, 7/5/26 (c)
|
|
25,000
|
25,003
|
|
Goldman Sachs Group, Inc.
|
|
|
|
|
3.85%, 1/26/27
|
|
53,246
|
53,124
|
|
Macquarie Bank Ltd.
|
|
|
|
|
5.27%, 7/2/27 (c)
|
|
35,000
|
35,316
|
|
NatWest Markets PLC
|
|
|
|
|
1.60%, 9/29/26
|
|
29,943
|
29,758
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Commercial Paper (b) (cont'd)
|
|
|
|
|
International Banks (cont'd)
|
|
|
|
|
Sumitomo Mitsui Financial Group, Inc.,
|
|
|
|
|
1.40%, 9/17/26
|
$
|
23,640
|
$23,509
|
|
2.63%, 7/14/26
|
|
208,468
|
208,347
|
|
Sumitomo Mitsui Trust Bank Ltd.
|
|
|
|
|
1.35%, 9/16/26 (c)
|
|
5,000
|
4,972
|
|
Toronto-Dominion Bank,
|
|
|
|
|
4.57%, 12/17/26
|
|
10,731
|
10,751
|
|
5.53%, 7/17/26
|
|
146,535
|
146,632
|
|
|
|
|
542,866
|
|
Wireless Telecom Services (0.0%)‡
|
|
|
|
|
Deutsche Telekom International Finance BV
|
|
|
|
|
3.60%, 1/19/27 (c)
|
|
5,675
|
5,650
|
|
Total Corporate Bonds (Cost $808,067)
|
|
|
807,799
|
|
Floating Rate Notes (d) (39.2%)
|
|||
|
Asset-Backed Diversified Financial Services (0.8%)
|
|||
|
Chariot Funding LLC,
|
|
|
|
|
3.99%, 2/26/27 (c)
|
|
125,000
|
125,017
|
|
Fairway Finance Corp.,
|
|
|
|
|
3.82%, 7/24/26 (c)
|
|
34,000
|
34,003
|
|
|
|
|
159,020
|
|
Automobiles (2.2%)
|
|||
|
American Honda Finance Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.62%, 4.25%, 12/11/26
|
|
6,000
|
6,005
|
|
SOFR + 0.60%, 4.26%, 10/6/26
|
|
125,000
|
125,044
|
|
SOFR + 0.75%, 4.41%, 1/15/27
|
|
93,000
|
93,170
|
|
SOFR + 0.71%, 4.34%, 7/9/27 (a)
|
|
21,224
|
21,251
|
|
SOFR + 0.77%, 4.40%, 3/12/27
|
|
6,211
|
6,223
|
|
BMW U.S. Capital LLC,
|
|
|
|
|
SOFR + 0.78%, 4.41%, 3/19/27 (c)
|
|
118,795
|
119,160
|
|
Hyundai Capital America,
|
|
|
|
|
SOFR + 1.04%, 4.66%, 3/19/27 (c)
|
|
8,675
|
8,702
|
|
SOFR + 1.04%, 4.66%, 6/24/27 (a)(c)
|
|
6,399
|
6,431
|
|
Toyota Motor Credit Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.35%, 3.97%, 6/11/27
|
|
50,000
|
49,997
|
|
|
|
|
435,983
|
|
Automobiles Manufacturing (0.1%)
|
|||
|
Mercedes-Benz Finance North America LLC,
|
|
|
|
|
SOFR + 0.78%, 4.45%, 4/1/27 (c)
|
|
20,000
|
20,061
|
|
Diversified Financial Services (3.8%)
|
|||
|
American Express Co.,
|
|
|
|
|
SOFR + 0.65%, 4.30%, 11/4/26
|
|
43,778
|
43,818
|
|
Falcon Asset Funding LLC,
|
|
|
|
|
3.98%, 1/25/27 (c)
|
|
100,000
|
100,006
|
|
Mizuho Markets Cayman LP,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.48%, 4.09%, 6/7/27 (c)
|
|
150,000
|
150,052
|
|
SOFR + 0.52%, 4.12%, 12/21/26 (c)
|
|
189,000
|
189,097
|
|
SOFR + 0.52%, 4.16%, 12/10/26 (c)
|
|
200,000
|
200,124
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|||
|
|
|||
|
Podium Funding Trust,
|
|
|
|
|
3.99%, 1/13/27
|
$
|
70,000
|
$70,032
|
|
|
|
|
753,129
|
|
Domestic Banks (0.6%)
|
|||
|
Bank of America Corp.,
|
|
|
|
|
SOFR + 0.96%, 1.73%, 7/22/27
|
|
60,430
|
60,339
|
|
ING U.S. Funding LLC,
|
|
|
|
|
3.96%, 7/6/26 (c)
|
|
50,000
|
50,002
|
|
|
|
|
110,341
|
|
Finance (3.1%)
|
|||
|
Citigroup Global Markets, Inc.,
|
|
|
|
|
3.94%, 12/1/26 (c)
|
|
100,000
|
99,997
|
|
3.97%, 12/16/26 - 12/17/26 (c)
|
|
99,600
|
99,604
|
|
MTN
|
|
|
|
|
SOFR + 0.50%, 4.10%, 1/4/27
|
|
397,500
|
397,572
|
|
|
|
|
597,173
|
|
Industrials (0.2%)
|
|||
|
Caterpillar Financial Services Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.52%, 4.16%, 5/14/27
|
|
41,630
|
41,701
|
|
John Deere Capital Corp.,
|
|
|
|
|
SOFR + 0.40%, 4.06%, 1/5/27
|
|
3,607
|
3,609
|
|
|
|
|
45,310
|
|
Insurance (1.4%)
|
|||
|
Protective Life Global Funding,
|
|
|
|
|
SOFR + 0.65%, 4.31%, 5/6/27 (c)
|
|
262,500
|
263,133
|
|
International Banks (27.0%)
|
|||
|
ASB Bank Ltd.,
|
|
|
|
|
3.92%, 12/15/26 (c)
|
|
150,000
|
150,049
|
|
SOFR + 0.32%, 3.94%, 9/4/26 (c)
|
|
5,000
|
5,002
|
|
Banco Santander SA,
|
|
|
|
|
SOFR + 0.40%, 4.02%, 12/24/26
|
|
200,000
|
200,119
|
|
Bank of Montreal,
|
|
|
|
|
SOFR + 0.38%, 4.00%, 5/26/27 - 5/27/27
|
|
200,000
|
200,024
|
|
4.01%, 6/21/27 (c)
|
|
125,000
|
124,977
|
|
SOFR + 0.40%, 4.02%, 7/7/27
|
|
50,000
|
49,996
|
|
4.05%, 6/18/27 (c)
|
|
100,000
|
100,010
|
|
4.09%, 5/7/27 (c)
|
|
127,000
|
127,152
|
|
SOFR + 0.76%, 4.39%, 6/4/27
|
|
9,013
|
9,048
|
|
Bank of Nova Scotia,
|
|
|
|
|
SOFR + 0.61%, 4.24%, 9/15/26
|
|
12,920
|
12,930
|
|
Banque Federative du Credit Mutuel SA,
|
|
|
|
|
SOFR + 1.40%, 5.07%, 7/13/26 (c)
|
|
5,575
|
5,577
|
|
Barclays Bank PLC,
|
|
|
|
|
SOFR + 0.42%, 4.04%, 12/18/26
|
|
124,000
|
124,084
|
|
Bayerische Landesbank,
|
|
|
|
|
SOFR + 0.42%, 4.04%, 1/6/27
|
|
200,000
|
200,151
|
|
Canadian Imperial Bank of Commerce,
|
|
|
|
|
3.98%, 5/28/27 (c)
|
|
200,000
|
200,018
|
|
4.02%, 6/17/27 (c)
|
|
60,000
|
60,006
|
|
4.04%, 6/22/27 (c)
|
|
145,000
|
145,015
|
|
Credit Industriel ET Commercial SA,
|
|
|
|
|
SOFR + 0.42%, 4.04%, 12/15/26
|
|
513,000
|
513,489
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Floating Rate Notes (d) (cont'd)
|
|||
|
International Banks (cont'd)
|
|||
|
Deutsche Bank AG,
|
|
|
|
|
SOFR + 0.40%, 4.06%, 1/6/27
|
$
|
125,000
|
$125,090
|
|
ING Bank NV,
|
|
|
|
|
3.96%, 12/21/26
|
|
150,000
|
150,060
|
|
Lloyds Bank PLC,
|
|
|
|
|
3.96%, 12/18/26
|
|
250,000
|
250,047
|
|
Macquarie Bank Ltd.,
|
|
|
|
|
SOFR + 0.39%, 4.01%, 12/23/26 (c)
|
|
225,000
|
225,134
|
|
SOFR + 0.40%, 4.02%, 1/8/27 - 1/11/27 (c)
|
|
400,000
|
400,255
|
|
National Bank of Canada,
|
|
|
|
|
SOFR + 0.31%, 3.93%, 1/28/27 (c)
|
|
200,000
|
200,013
|
|
SOFR + 0.32%, 3.94%, 2/23/27 (c)
|
|
250,000
|
250,034
|
|
3.99%, 6/1/27 (c)
|
|
125,000
|
125,022
|
|
SOFR + 0.40%, 4.02%, 12/29/26 (c)
|
|
350,000
|
350,332
|
|
National Bank of Kuwait,
|
|
|
|
|
SOFR + 0.47%, 4.09%, 9/3/26
|
|
10,000
|
10,004
|
|
NatWest Markets PLC,
|
|
|
|
|
SOFR + 0.90%, 4.54%, 5/17/27 (c)
|
|
32,499
|
32,634
|
|
Royal Bank of Canada,
|
|
|
|
|
SOFR + 0.95%, 4.61%, 1/19/27
|
|
12,700
|
12,741
|
|
Sumitomo Mitsui Banking Corp.,
|
|
|
|
|
SOFR + 0.40%, 4.02%, 12/4/26 (c)
|
|
300,000
|
300,227
|
|
Sumitomo Mitsui Financial Group, Inc.,
|
|
|
|
|
SOFR + 0.88%, 4.54%, 1/14/27
|
|
29,626
|
29,727
|
|
SOFR + 1.30%, 4.97%, 7/13/26
|
|
54,238
|
54,259
|
|
Toronto-Dominion Bank,
|
|
|
|
|
SOFR + 0.40%, 4.02%, 12/14/26
|
|
90,000
|
90,036
|
|
SOFR + 0.59%, 4.22%, 9/10/26
|
|
5,457
|
5,462
|
|
SOFR + 0.62%, 4.25%, 12/17/26
|
|
89,500
|
89,637
|
|
SOFR + 0.73%, 4.39%, 4/5/27
|
|
37,549
|
37,659
|
|
MTN
|
|
|
|
|
SOFR + 1.08%, 4.75%, 7/17/26
|
|
5,000
|
5,002
|
|
UBS AG London,
|
|
|
|
|
3.99%, 3/11/27 (c)
|
|
90,000
|
90,020
|
|
4.04%, 3/12/27 (c)
|
|
250,000
|
250,124
|
|
|
|
|
5,311,166
|
|
Total Floating Rate Notes (Cost $7,691,654)
|
7,695,316
|
||
|
Repurchase Agreements (17.9%)
|
|||
|
Bank of America Securities, Inc., (4.13% (e),
dated 6/30/25, due 9/28/26; proceeds
$236,745; fully collateralized by various
Common Stocks and Preferred Stocks; valued
at $236,250) (f)
|
|
225,000
|
225,000
|
|
Bank of America Securities, Inc., (4.13% (e),
dated 10/24/25, due 9/28/26; proceeds
$103,889; fully collateralized by various
Common Stocks and Preferred Stocks; valued
at $105,000) (f)
|
|
100,000
|
100,000
|
|
Bank of America Securities, Inc., (4.13% (e),
dated 11/5/25, due 9/28/26; proceeds
$103,751; fully collateralized by various
Common Stocks and Preferred Stocks; valued
at $105,000) (f)
|
|
100,000
|
100,000
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|||
|
Bank of Nova Scotia, (3.74%, dated 6/30/26,
due 7/1/26; proceeds $182,019; fully
collateralized by various Common Stocks;
valued at $191,100) (f)
|
$
|
182,000
|
$182,000
|
|
Bank of Nova Scotia, (3.72%, dated 6/30/26,
due 7/1/26; proceeds $98,010; fully
collateralized by various Corporate Bonds,
1.20% - 6.95% due 8/15/26 - 12/31/79;
valued at $102,900)
|
|
98,000
|
98,000
|
|
BNP Paribas Prime Brokerage, Inc., (3.76%,
dated 6/24/26, due 7/1/26; proceeds
$221,162; fully collateralized by various
Common Stocks and Preferred Stocks; valued
at $232,220) (f)
|
|
221,000
|
221,000
|
|
BNP Paribas SA, (3.79% (e), dated 10/9/25, due
7/7/26; proceeds $236,562; fully
collateralized by various Corporate Bonds,
4.00% - 15.00% due 5/15/27 - 5/15/36;
valued at $243,800) (f)
|
|
230,000
|
230,000
|
|
Credit Agricole Corporate and Investment Bank,
(3.68%, dated 6/25/26, due 7/2/26;
proceeds $120,086; fully collateralized by
various Corporate Bonds, 1.11% - 7.77% due
9/14/26 - 5/15/56 and a U.S. Government
obligation, 3.63% due 8/15/28; valued at
$126,000)
|
|
120,000
|
120,000
|
|
Credit Agricole Corporate and Investment Bank,
(3.68%, dated 6/29/26, due 7/6/26;
proceeds $99,846; fully collateralized by
various Corporate Bonds, 1.55% - 8.50% due
7/13/26 - 5/15/56; valued at $104,764)
|
|
99,775
|
99,775
|
|
Credit Agricole Corporate and Investment Bank,
(3.83% (e), dated 4/15/26, due 7/7/26;
proceeds $201,766; fully collateralized by
various Corporate Bonds, 1.65% - 8.00% due
7/12/26 - 10/27/81; valued at $210,000) (f)
|
|
200,000
|
200,000
|
|
ING Financial Markets LLC, (3.69%, dated
6/30/26, due 7/1/26; proceeds $1,000; fully
collateralized by various Corporate Bonds,
2.38% - 5.55% due 12/15/27 - 6/1/45;
valued at $1,050)
|
|
1,000
|
1,000
|
|
JP Morgan Clearing Corp., (3.83% (e), dated
6/4/26, due 7/7/26; proceeds $451,379;
fully collateralized by various Common Stocks,
Preferred Stocks and Convertable Bonds,
2.75% due 5/15/28; valued at $476,713) (f)
|
|
449,800
|
449,800
|
|
JP Morgan Clearing Corp., (3.80% (e), dated
9/17/25, due 7/7/26; proceeds $309,278;
fully collateralized by various Corporate
Bonds, 2.77% - 12.88% due
4/10/27 - 12/15/86; valued at $318,394)
|
|
300,000
|
300,000
|
|
JP Morgan Securities LLC, (3.87% (e), dated
11/17/21, due 7/7/26; proceeds $82,740;
fully collateralized by various Common Stocks;
valued at $73,737) (f)
|
|
70,000
|
70,000
|
|
Mizuho Securities USA LLC, (4.02% (e), dated
12/16/25, due 8/4/26; proceeds $38,980;
fully collateralized by various Corporate
Bonds, 7.00% - 8.26% due
5/15/29 - 7/17/32; valued at $40,280) (f)
|
|
38,000
|
38,000
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Repurchase Agreements (cont'd)
|
|||
|
MUFG Securities Americas, Inc., (4.05% (e),
dated 11/25/25, due 8/4/26; proceeds
$77,126; fully collateralized by various
Common Stocks; valued at $80,549) (f)
|
$
|
75,000
|
$75,000
|
|
MUFG Securities Americas, Inc., (3.68%, dated
6/30/26, due 7/1/26; proceeds $65,007;
fully collateralized by various Common Stocks;
valued at $68,257) (f)
|
|
65,000
|
65,000
|
|
Pershing LLC, (3.94%, dated 6/30/26, due
7/1/26; proceeds $25,003; fully
collateralized by various Corporate Bonds,
2.40% - 10.88% due 10/22/26 - 5/15/67 and
U.S. Government obligation, 0.00% due
10/8/26; valued at $26,368) (f)
|
|
25,000
|
25,000
|
|
Societe Generale SA, (3.70%, dated 6/30/26,
due 7/1/26; proceeds $100,010; fully
collateralized by various Corporate Bonds,
0.88% - 7.77% due 7/15/26 - 12/31/79;
valued at $105,011) (f)
|
|
100,000
|
100,000
|
|
Societe Generale SA, (3.72%, dated 6/30/26,
due 7/1/26; proceeds $147,015; fully
collateralized by various Corporate Bonds,
1.75% - 10.00% due 12/1/26 - 10/15/44;
valued at $155,836)
|
|
147,000
|
147,000
|
|
TD Securities USA LLC, (3.71%, dated 6/30/26,
due 7/1/26; proceeds $263,027; fully
collateralized by various Corporate Bonds,
1.71% - 8.50% due 8/20/26 - 11/1/64;
valued at $276,150)
|
|
263,000
|
263,000
|
|
Wells Fargo Securities LLC, (4.00% (e), dated
12/9/25, due 9/28/26; proceeds $123,904;
fully collateralized by various Common Stocks
and Preferred Stocks; valued at $126,000) (f)
|
|
120,000
|
120,000
|
|
Wells Fargo Securities LLC, (3.62% (e), dated
5/4/26, due 9/28/26; proceeds $295,301;
fully collateralized by various Corporate
Bonds, 1.75% - 7.13% due
9/15/26 - 3/15/82; valued at $305,551) (f)
|
|
291,000
|
291,000
|
|
Total Repurchase Agreements (Cost $3,520,575)
|
3,520,575
|
||
|
Sovereign (0.3%)
|
|
|
|
|
KSA Sukuk Ltd.,
|
|
|
|
|
5.25%, 6/4/27 (c)
|
|
10,000
|
10,065
|
|
5.25%, 6/4/27
|
|
1,800
|
1,812
|
|
Saudi Government International Bond,
|
|
|
|
|
3.25%, 10/26/26 (c)
|
|
25,000
|
24,950
|
|
3.25%, 10/26/26
|
|
25,000
|
24,951
|
|
Total Sovereign (Cost $61,762)
|
|
|
61,778
|
|
Total Investments (100.2%) (Cost $19,695,061) (g)(h)
|
19,690,777
|
||
|
Liabilities in Excess of Other Assets (–-0.2%)
|
(32,492
)
|
||
|
Net Assets (100.0%)
|
$19,658,285
|
||
|
‡
|
Amount is less than 0.05%.
|
|
(a)
|
All or a portion of the security is subject to delayed delivery.
|
|
(b)
|
The rates shown are the effective yields at the date of purchase.
|
|
(c)
|
144A security — Certain conditions for public sale may exist.
Unless otherwise noted, these securities are deemed to be liquid.
|
|
(d)
|
Floating or variable rate securities: The rates disclosed are as of
June 30, 2026. For securities based on a published reference
rate and spread, the reference rate and spread are indicated in
the description in the Portfolio of Investments. Certain variable
rate securities may not be based on a published reference rate
and spread but are determined by the issuer or agent and are
based on current market conditions. These securities do not
indicate a reference rate and spread in their description in the
Portfolio of Investments.
|
|
(e)
|
Rate as of period end and maturity is the date the principal owed
can be recovered through demand.
|
|
(f)
|
Perpetual — One or more securities do not have a predetermined
maturity date. Rates for these securities are fixed for a period of
time after which they revert to a floating rate. Interest rates in
effect are as of June 30, 2026.
|
|
(g)
|
Securities are available for collateral in connection with securities
purchased on a forward commitment basis.
|
|
(h)
|
At June 30, 2026, the aggregate cost for federal income tax
purposes approximates the aggregate cost for book purposes.
The aggregate gross unrealized appreciation is approximately
$4,119,000 and the aggregate gross unrealized depreciation is
approximately $8,403,000, resulting in net unrealized
depreciation of approximately $4,284,000.
|
|
MTN
|
Medium Term Note.
|
|
PJSC
|
Public Joint Stock Company.
|
|
SOFR
|
Secured Overnight Financing Rate.
|
|
Portfolio Composition
|
|
|
Classification
|
Percentage of
Total Investments
|
|
Floating Rate Notes
|
39.1
%
|
|
Commercial Paper
|
23.9
|
|
Repurchase Agreements
|
17.9
|
|
Certificates of Deposit
|
14.7
|
|
Other*
|
4.4
|
|
Total Investments
|
100.0
%
|
|
*
|
Industries and/or investment types representing less than 5% of total investments.
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Certificates of Deposit (1.9%)
|
|
|
|
|
International Bank (1.9%)
|
|||
|
Qatar National Bank
|
|
|
|
|
4.37%, 6/17/27 (a)
|
$
|
100
|
$96
|
|
Commercial Paper (15.9%)
|
|
|
|
|
Consumer, Non-Cyclical (1.0%)
|
|||
|
Bayer Corp.
|
|
|
|
|
4.31%, 10/22/26 (a)(b)
|
|
50
|
49
|
|
Finance (4.3%)
|
|||
|
Barclays Capital, Inc.
|
|
|
|
|
4.22%, 5/26/27 (a)
|
|
225
|
216
|
|
Industrials (0.9%)
|
|||
|
General Motors Financial Co., Inc.
|
|
|
|
|
4.38%, 4/5/27 (a)
|
|
45
|
44
|
|
International Banks (9.7%)
|
|||
|
Banco Bilbao Vizcaya Argentaria
|
|
|
|
|
4.29%, 5/28/27 (a)(b)
|
|
200
|
192
|
|
Macquarie Group Ltd.
|
|
|
|
|
4.06%, 12/15/26 (a)(b)
|
|
200
|
196
|
|
National Bank of Kuwait
|
|
|
|
|
4.08%, 9/4/26 (a)(b)
|
|
100
|
100
|
|
|
|
|
488
|
|
Total Commercial Paper (Cost $798)
|
797
|
||
|
Corporate Bonds (21.3%)
|
|
|
|
|
Automobiles (7.2%)
|
|
|
|
|
American Honda Finance Corp.
|
|
|
|
|
4.90%, 3/12/27
|
|
50
|
50
|
|
Daimler Truck Finance North America LLC
|
|
|
|
|
5.00%, 1/15/27 (b)
|
|
150
|
151
|
|
Mercedes-Benz Finance North America LLC
|
|
|
|
|
3.45%, 1/6/27 (b)
|
|
160
|
159
|
|
|
|
|
360
|
|
Consumer, Non-Cyclical (4.7%)
|
|
|
|
|
Nestle Holdings, Inc.
|
|
|
|
|
1.15%, 1/14/27 (b)
|
|
241
|
237
|
|
Industrials (0.9%)
|
|
|
|
|
Glencore Funding LLC
|
|
|
|
|
4.00%, 3/27/27 (b)
|
|
45
|
45
|
|
International Bank (4.0%)
|
|
|
|
|
Sumitomo Mitsui Trust Bank Ltd.
|
|
|
|
|
5.65%, 9/14/26 (b)
|
|
200
|
201
|
|
Wireless Telecom Services (4.5%)
|
|
|
|
|
Deutsche Telekom International Finance BV
|
|
|
|
|
3.60%, 1/19/27 (b)
|
|
225
|
224
|
|
Total Corporate Bonds (Cost $1,067)
|
|
|
1,067
|
|
Floating Rate Notes (c) (37.4%)
|
|||
|
Automobiles (8.0%)
|
|||
|
Hyundai Capital America,
|
|
|
|
|
SOFR + 1.04%, 4.66%, 3/19/27 (b)
|
|
200
|
201
|
|
Toyota Motor Credit Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.65%, 4.27%, 3/19/27
|
|
200
|
200
|
|
|
|
|
401
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
|
|||
|
Consumer, Non-Cyclical (4.0%)
|
|||
|
GlaxoSmithKline Capital PLC,
|
|
|
|
|
SOFR + 0.50%, 4.13%, 3/12/27
|
$
|
200
|
$200
|
|
Diversified Financial Services (7.9%)
|
|||
|
American Express Co.,
|
|
|
|
|
SOFR + 0.65%, 4.30%, 11/4/26
|
|
200
|
200
|
|
Citigroup Global Markets Holdings, Inc.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.50%, 4.09%, 1/6/27
|
|
200
|
200
|
|
|
|
|
400
|
|
Industrials (8.5%)
|
|||
|
Caterpillar Financial Services Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.52%, 4.16%, 5/14/27
|
|
200
|
200
|
|
John Deere Capital Corp.,
|
|
|
|
|
MTN
|
|
|
|
|
SOFR + 0.60%, 4.26%, 4/19/27
|
|
225
|
226
|
|
|
|
|
426
|
|
International Banks (9.0%)
|
|||
|
Bank of Montreal,
|
|
|
|
|
SOFR + 0.76%, 4.39%, 6/4/27
|
|
200
|
201
|
|
Bank of Nova Scotia,
|
|
|
|
|
SOFR + 0.61%, 4.24%, 9/15/26
|
|
50
|
50
|
|
Banque Federative du Credit Mutuel SA,
|
|
|
|
|
SOFR + 1.40%, 5.07%, 7/13/26 (b)
|
|
200
|
200
|
|
|
|
|
451
|
|
Total Floating Rate Notes (Cost $1,878)
|
1,878
|
||
|
Repurchase Agreements (21.9%)
|
|||
|
BNP Paribas SA, (3.78%, dated 6/30/26, due
7/1/26; proceeds $225,024; fully
collateralized by a Corporate Bonds, 8.38%
due 2/1/28; valued at $239,253)
|
|
225
|
225
|
|
Credit Agricole Corporate and Investment Bank,
(3.68%, dated 6/29/26, due 7/6/26;
proceeds $225,161; fully collateralized by a
Corporate Bonds, 5.70% due 3/8/33; valued
at $236,971)
|
|
225
|
225
|
|
JP Morgan Clearing Corp., (3.83% (d), dated
6/4/26, due 7/7/26; proceeds $200,702;
fully collateralized by various Common Stocks;
valued at $210,608)
|
|
200
|
200
|
|
|
|
Face
Amount
(000)
|
Value
(000)
|
|
Repurchase Agreements (cont'd)
|
|||
|
Mizuho Securities USA LLC, (3.76%, dated
6/30/26, due 7/1/26; proceeds $225,024;
fully collateralized by various Common Stocks;
valued at $236,313)
|
$
|
225
|
$225
|
|
TD Securities USA LLC, (3.72%, dated 6/30/26,
due 7/1/26; proceeds $225,023; fully
collateralized by various Corporate Bonds,
4.75% - 5.75% due 8/1/32 - 1/15/43; valued
at $238,539)
|
|
225
|
225
|
|
Total Repurchase Agreements (Cost $1,100)
|
1,100
|
||
|
Total Investments (98.4%) (Cost $4,939) (e)
|
4,938
|
||
|
Other Assets in Excess of Liabilities (1.6%)
|
78
|
||
|
Net Assets (100.0%)
|
$5,016
|
||
|
(a)
|
The rates shown are the effective yields at the date of purchase.
|
|
(b)
|
144A security — Certain conditions for public sale may exist.
Unless otherwise noted, these securities are deemed to be liquid.
|
|
(c)
|
Floating or variable rate securities: The rates disclosed are as of
June 30, 2026. For securities based on a published reference
rate and spread, the reference rate and spread are indicated in
the description in the Portfolio of Investments. Certain variable
rate securities may not be based on a published reference rate
and spread but are determined by the issuer or agent and are
based on current market conditions. These securities do not
indicate a reference rate and spread in their description in the
Portfolio of Investments.
|
|
(d)
|
Rate as of period end and maturity is the date the principal owed
can be recovered through demand.
|
|
(e)
|
At June 30, 2026, the aggregate cost for federal income tax
purposes approximates the aggregate cost for book purposes.
The aggregate gross unrealized appreciation is approximately $0
and the aggregate gross unrealized depreciation is approximately
$1,000, resulting in net unrealized depreciation of approximately
$1,000.
|
|
MTN
|
Medium Term Note.
|
|
SOFR
|
Secured Overnight Financing Rate.
|
|
Portfolio Composition
|
|
|
Classification
|
Percentage of
Total Investments
|
|
Floating Rate Notes
|
38.0
%
|
|
Repurchase Agreements
|
22.3
|
|
Corporate Bonds
|
21.6
|
|
Commercial Paper
|
16.1
|
|
Other*
|
2.0
|
|
Total Investments
|
100.0
%
|
|
*
|
Industries and/or investment types representing less than 5% of total investments.
|
|
Corporate Bond Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Assets:
|
||||
|
Fixed Income Securities
|
|
|
|
|
|
Corporate Bonds
|
$—
|
$153,209
|
$—
|
$153,209
|
|
Preferred Stock
|
|
|
|
|
|
Wireless Telecommunication Services
|
346
|
—
|
—
|
346
|
|
Investment Company
|
778
|
—
|
—
|
778
|
|
Short-Term Investments
|
||||
|
Investment Company
|
1,103
|
—
|
—
|
1,103
|
|
U.S. Treasury Security
|
—
|
826
|
—
|
826
|
|
Total Short-Term Investments
|
1,103
|
826
|
—
|
1,929
|
|
Foreign Currency Forward Exchange Contract
|
—
|
9
|
—
|
9
|
|
Future Contract
|
283
|
—
|
—
|
283
|
|
Total Assets
|
2,510
|
154,044
|
—
|
156,554
|
|
Liabilities:
|
||||
|
Futures Contracts
|
(193
)
|
—
|
—
|
(193
)
|
|
Total Liabilities
|
(193
)
|
—
|
—
|
(193
)
|
|
Total
|
$2,317
|
$154,044
|
$—
|
$156,361
|
|
Discovery Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Assets:
|
||||
|
Common Stocks
|
$742,695
(1)
|
$—
|
$—
|
$742,695
|
|
Preferred Stock
|
|
|
|
|
|
Software
|
—
|
—
|
37,376
|
37,376
|
|
Investment Company
|
14,574
|
—
|
—
|
14,574
|
|
Warrants
|
61
|
—
|
—
|
61
|
|
Call Options Purchased
|
—
|
821
|
—
|
821
|
|
Short-Term Investments
|
||||
|
Investment Company
|
18,753
|
—
|
—
|
18,753
|
|
Repurchase Agreements
|
—
|
2,802
|
—
|
2,802
|
|
Total Short-Term Investments
|
18,753
|
2,802
|
—
|
21,555
|
|
Total Assets
|
$776,083
|
$3,623
|
$37,376
|
$817,082
|
|
(1)
|
The level classification by major category of investments is the same as the category
presentation in the Consolidated Portfolio of Investments.
|
|
|
Preferred
Stock
(000)
|
Derivative
Contract —
PIPE
(000)
|
|
Beginning Balance
|
$37,992
|
$(5,142
)
|
|
Purchases
|
—
|
—
|
|
Sales
|
(26,032
)
|
—
|
|
PIPE transactions
|
—
|
—
|
|
Transfers in
|
—
|
—
|
|
Transfers out
|
—
|
—
|
|
Corporate actions
|
—
|
5,142
|
|
Change in unrealized appreciation (depreciation)
|
9,452
|
—
|
|
Realized gains (losses)
|
15,964
|
—
|
|
Ending Balance
|
$37,376
|
$—
|
|
Net change in unrealized appreciation (depreciation) from
investments still held as of June 30, 2026
|
$9,452
|
$—
|
|
|
Fair Value at
June 30, 2026
(000)
|
Valuation
Technique
|
Unobservable
Input
|
Amount
|
Impact to
Valuation from an
Increase in Input*
|
|
Preferred Stock
|
$37,376
|
Market Transaction
Method
|
Precedent Transaction
|
$190.00
|
Increase
|
|
|
|
Discounted Cash
Flow
|
Weighted Average
Cost of Capital
|
13.0%
|
Decrease
|
|
|
|
|
Perpetual Growth
Rate
|
3.5%
|
Increase
|
|
|
|
Market Comparable
Companies
|
Enterprise Value/Revenue
|
18.7x
|
Increase
|
|
|
|
|
Discount for
Lack of Marketability
|
18.0%
|
Decrease
|
|
*
|
Represents the expected directional change in the fair value of the Level 3 investments
that would result from an increase in the corresponding input. A
decrease to the unobservable input would have the opposite effect. Significant changes
in these inputs could result in significantly higher or lower fair value
measurements.
|
|
Global Strategist Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Assets:
|
||||
|
Fixed Income Securities
|
|
|
|
|
|
Agency Fixed Rate Mortgages
|
$—
|
$21,664
|
$—
|
$21,664
|
|
Asset-Backed Securities
|
—
|
4,145
|
—
|
4,145
|
|
Commercial Mortgage-Backed Securities
|
—
|
4,197
|
—
|
4,197
|
|
Corporate Bonds
|
—
|
36,784
|
—
|
36,784
|
|
Mortgages - Other
|
—
|
6,867
|
—
|
6,867
|
|
Municipal Bond
|
—
|
213
|
—
|
213
|
|
Sovereign
|
—
|
124,507
|
—
|
124,507
|
|
Supranational
|
—
|
4,424
|
—
|
4,424
|
|
U.S. Treasury Securities
|
—
|
57,201
|
—
|
57,201
|
|
Total Fixed Income Securities
|
—
|
260,002
|
—
|
260,002
|
|
Common Stocks
|
|
|
|
|
|
Aerospace & Defense
|
5,103
|
2,621
|
—
|
7,724
|
|
Air Freight & Logistics
|
624
|
397
|
—
|
1,021
|
|
Automobile Components
|
105
|
124
|
—
|
229
|
|
Automobiles
|
4,251
|
545
|
—
|
4,796
|
|
Banks
|
10,590
|
16,671
|
—
|
27,261
|
|
Beverages
|
2,177
|
765
|
—
|
2,942
|
|
Biotechnology
|
3,815
|
465
|
—
|
4,280
|
|
Broadline Retail
|
8,229
|
558
|
—
|
8,787
|
|
Building Products
|
1,021
|
479
|
—
|
1,500
|
|
Capital Markets
|
5,852
|
2,400
|
—
|
8,252
|
|
Chemicals
|
2,195
|
1,223
|
—
|
3,418
|
|
Commercial Services & Supplies
|
1,115
|
164
|
—
|
1,279
|
|
Communications Equipment
|
3,553
|
376
|
—
|
3,929
|
|
Construction & Engineering
|
785
|
619
|
—
|
1,404
|
|
Construction Materials
|
551
|
275
|
—
|
826
|
|
Consumer Finance
|
1,166
|
—
|
—
|
1,166
|
|
Consumer Staples Distribution & Retail
|
3,939
|
641
|
—
|
4,580
|
|
Containers & Packaging
|
409
|
—
|
—
|
409
|
|
Distributors
|
52
|
15
|
—
|
67
|
|
Diversified Consumer Services
|
—
|
34
|
—
|
34
|
|
Diversified REITs
|
50
|
104
|
—
|
154
|
|
Diversified Telecommunication Services
|
2,080
|
1,113
|
—
|
3,193
|
|
Electric Utilities
|
3,085
|
1,566
|
—
|
4,651
|
|
Electrical Equipment
|
2,825
|
2,245
|
—
|
5,070
|
|
Electronic Equipment, Instruments & Components
|
2,571
|
138
|
—
|
2,709
|
|
Energy Equipment & Services
|
490
|
38
|
—
†
|
528
†
|
|
Entertainment
|
2,555
|
96
|
—
|
2,651
|
|
Financial Services
|
6,671
|
731
|
—
|
7,402
|
|
Food Products
|
786
|
1,470
|
—
|
2,256
|
|
Gas Utilities
|
132
|
180
|
—
|
312
|
|
Ground Transportation
|
2,338
|
40
|
—
|
2,378
|
|
Health Care Equipment & Supplies
|
2,788
|
711
|
—
|
3,499
|
|
Health Care Providers & Services
|
13,232
|
170
|
—
|
13,402
|
|
Health Care REITs
|
678
|
—
|
—
|
678
|
|
Health Care Technology
|
92
|
30
|
—
|
122
|
|
Hotels, Restaurants & Leisure
|
3,509
|
727
|
—
|
4,236
|
|
Household Durables
|
471
|
19
|
—
|
490
|
|
Household Products
|
1,565
|
300
|
—
|
1,865
|
|
Independent Power & Renewable Electricity Producers
|
188
|
223
|
—
|
411
|
|
Global Strategist Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Common Stocks (cont’d)
|
|
|
|
|
|
Industrial Conglomerates
|
$502
|
$1,152
|
$—
|
$1,654
|
|
Industrial REITs
|
403
|
242
|
—
|
645
|
|
Information Technology Services
|
3,863
|
69
|
—
|
3,932
|
|
Insurance
|
4,330
|
3,660
|
—
|
7,990
|
|
Interactive Media & Services
|
15,681
|
88
|
—
|
15,769
|
|
Investment Company
|
—
|
—
|
—
†
|
—
†
|
|
Life Sciences Tools & Services
|
1,579
|
282
|
—
|
1,861
|
|
Machinery
|
4,039
|
1,560
|
—
|
5,599
|
|
Marine Transportation
|
—
|
124
|
—
|
124
|
|
Media
|
271
|
142
|
—
|
413
|
|
Metals & Mining
|
2,337
|
2,529
|
—
†
|
4,866
†
|
|
Mortgage Real Estate Investment
|
49
|
—
|
—
|
49
|
|
Multi-Utilities
|
1,217
|
844
|
—
|
2,061
|
|
Office REITs
|
—
|
15
|
—
|
15
|
|
Oil, Gas & Consumable Fuels
|
7,791
|
2,507
|
—
|
10,298
|
|
Paper & Forest Products
|
—
|
104
|
—
|
104
|
|
Passenger Airlines
|
84
|
207
|
—
|
291
|
|
Personal Care Products
|
180
|
920
|
—
|
1,100
|
|
Pharmaceuticals
|
6,972
|
5,577
|
—
|
12,549
|
|
Professional Services
|
826
|
615
|
—
|
1,441
|
|
Real Estate Management & Development
|
208
|
414
|
—
|
622
|
|
Residential REITs
|
429
|
—
|
—
|
429
|
|
Retail REITs
|
520
|
214
|
—
|
734
|
|
Semiconductors & Semiconductor Equipment
|
40,165
|
4,010
|
—
|
44,175
|
|
Software
|
18,164
|
775
|
—
|
18,939
|
|
Specialized REITs
|
1,546
|
—
|
—
|
1,546
|
|
Specialty Retail
|
3,200
|
358
|
—
|
3,558
|
|
Tech Hardware, Storage & Peripherals
|
16,019
|
52
|
—
|
16,071
|
|
Textiles, Apparel & Luxury Goods
|
372
|
1,487
|
—
|
1,859
|
|
Tobacco
|
1,272
|
626
|
—
|
1,898
|
|
Trading Companies & Distributors
|
934
|
302
|
—
|
1,236
|
|
Transportation Infrastructure
|
—
|
267
|
—
|
267
|
|
Water Utilities
|
86
|
86
|
—
|
172
|
|
Wireless Telecommunication Services
|
322
|
143
|
—
|
465
|
|
Total Common Stocks
|
234,999
|
67,644
|
—
†
|
302,643
†
|
|
Rights
|
1
|
—
|
—
@
|
1
|
|
Warrants
|
—
|
—
|
—
†
|
—
†
|
|
Short-Term Investment
|
||||
|
Investment Company
|
39,396
|
—
|
—
|
39,396
|
|
Foreign Currency Forward Exchange Contracts
|
—
|
769
|
—
|
769
|
|
Futures Contracts
|
1,063
|
—
|
—
|
1,063
|
|
Total Return Swap Agreements
|
—
|
7,881
|
—
|
7,881
|
|
Total Assets
|
275,459
|
336,296
|
—@
†
|
611,755
†
|
|
Global Strategist Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Liabilities:
|
||||
|
Foreign Currency Forward Exchange Contracts
|
$—
|
$(937
)
|
$—
|
$(937
)
|
|
Futures Contracts
|
(217
)
|
—
|
—
|
(217
)
|
|
Total Return Swap Agreements
|
—
|
(2,203
)
|
—
|
(2,203
)
|
|
Total Liabilities
|
(217
)
|
(3,140
)
|
—
|
(3,357
)
|
|
Total
|
$275,242
|
$333,156
|
$—@
†
|
$608,398
†
|
|
†
|
Includes one or more securities valued at zero.
|
|
@
|
Value is less than $500.
|
|
Ultra-Short Income Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Assets:
|
||||
|
Certificates of Deposit
|
$—
|
$2,903,605
|
$—
|
$2,903,605
|
|
Commercial Paper
|
—
|
4,701,704
|
—
|
4,701,704
|
|
Corporate Bonds
|
—
|
807,799
|
—
|
807,799
|
|
Floating Rate Notes
|
—
|
7,695,316
|
—
|
7,695,316
|
|
Repurchase Agreements
|
—
|
3,520,575
|
—
|
3,520,575
|
|
Sovereign
|
—
|
61,778
|
—
|
61,778
|
|
Total Assets
|
$—
|
$19,690,777
|
$—
|
$19,690,777
|
|
Ultra-Short Strategy Portfolio
|
||||
|
Investment Type
|
Level 1
Unadjusted
quoted
prices
(000)
|
Level 2
Other
significant
observable
inputs
(000)
|
Level 3
Significant
unobservable
inputs
(000)
|
Total
(000)
|
|
Assets:
|
||||
|
Certificates of Deposit
|
$—
|
$96
|
$—
|
$96
|
|
Commercial Paper
|
—
|
797
|
—
|
797
|
|
Corporate Bonds
|
—
|
1,067
|
—
|
1,067
|
|
Floating Rate Notes
|
—
|
1,878
|
—
|
1,878
|
|
Repurchase Agreements
|
—
|
1,100
|
—
|
1,100
|
|
Total Assets
|
$—
|
$4,938
|
$—
|
$4,938
|