|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
COMMON STOCKS
|
94.5
%
|
|
|
|
Belgium
|
1.6
%
|
|
|
|
Titan S.A.
|
|
17,000
|
$1,009,087
|
|
Umicore S.A.
|
|
18,000
|
416,272
|
|
|
|
|
1,425,359
|
|
Brazil
|
2.2
%
|
|
|
|
AGI, Inc. - Class A(a)
|
|
54,000
|
382,320
|
|
Embraer S.A. - ADR
|
|
10,500
|
669,900
|
|
Pagseguro Digital Ltd. - Class A
|
|
15,000
|
135,750
|
|
Raia Drogasil S.A.
|
|
250,000
|
814,075
|
|
|
|
|
2,002,045
|
|
Canada
|
1.3
%
|
|
|
|
Capstone Copper Corp.(a)
|
|
61,000
|
560,430
|
|
OceanaGold Corp.
|
|
25,000
|
626,653
|
|
|
|
|
1,187,083
|
|
China
|
9.3
%
|
|
|
|
Anhui Yingliu Electromechanical Co. Ltd. - Class A
|
|
119,621
|
1,063,963
|
|
China Conch Venture Holdings Ltd.
|
|
331,600
|
460,012
|
|
China National Building Material Co. Ltd. - Class H
|
|
1,281,753
|
872,714
|
|
Henan Pinggao Electric Co. Ltd. - Class A
|
|
65,622
|
170,656
|
|
Kingboard Holdings Ltd.
|
|
45,817
|
688,758
|
|
Leader Harmonious Drive Systems Co. Ltd. - Class A
|
|
29,609
|
1,821,951
|
|
Minth Group Ltd.
|
|
56,568
|
190,559
|
|
OPT Machine Vision Tech Co. Ltd. - Class A
|
|
32,469
|
805,133
|
|
Shenzhen YUTO Packaging Technology Co. Ltd. - Class A
|
|
161,392
|
845,135
|
|
Sinotruk Jinan Truck Co. Ltd. - Class A
|
|
188,540
|
541,680
|
|
TCL Electronics Holdings Ltd.(a)
|
|
512,815
|
842,830
|
|
|
|
|
8,303,391
|
|
Cyprus
|
0.6
%
|
|
|
|
Theon International PLC
|
|
16,000
|
545,523
|
|
Germany
|
0.9
%
|
|
|
|
AIXTRON S.E.
|
|
3,200
|
192,395
|
|
Basler A.G.
|
|
7,900
|
255,000
|
|
PVA TePla A.G.(a)
|
|
7,700
|
397,143
|
|
|
|
|
844,538
|
|
Hong Kong
|
0.7
%
|
|
|
|
Sa Sa International Holdings Ltd.
|
|
5,298,000
|
621,478
|
|
Hungary
|
0.7
%
|
|
|
|
Richter Gedeon Nyrt
|
|
15,500
|
599,885
|
|
India
|
22.3
%
|
|
|
|
Acutaas Chemicals Ltd.(a)
|
|
38,660
|
1,440,151
|
|
Aster DM Healthcare Ltd.(b)
|
|
99,109
|
821,330
|
|
Astra Microwave Products Ltd.
|
|
22,471
|
418,185
|
|
Avalon Technologies Ltd.(a)(b)
|
|
103,379
|
1,967,896
|
|
Bajaj Consumer Care Ltd.(a)
|
|
210,609
|
1,332,733
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
Biocon Ltd.
|
|
197,897
|
$874,513
|
|
Ceat Ltd.
|
|
15,241
|
560,733
|
|
Cholamandalam Financial Holdings Ltd.
|
|
40,374
|
706,704
|
|
Data Patterns India Ltd.
|
|
17,171
|
816,622
|
|
Genus Power Infrastructures Ltd.
|
|
186,419
|
589,632
|
|
Genus Prime Infra Ltd.(a)
|
|
35,257
|
11,669
|
|
Honasa Consumer Ltd.(a)
|
|
204,035
|
986,994
|
|
INOX India Ltd.
|
|
38,878
|
804,349
|
|
MTAR Technologies Ltd.(a)
|
|
9,751
|
785,004
|
|
Narayana Hrudayalaya Ltd.
|
|
46,691
|
972,553
|
|
Netweb Technologies India Ltd.
|
|
13,191
|
632,413
|
|
Phoenix Mills (The) Ltd.
|
|
48,960
|
1,007,867
|
|
PNB Housing Finance Ltd.(b)
|
|
100,928
|
1,107,173
|
|
Power Mech Projects Ltd.
|
|
9,397
|
274,290
|
|
Prestige Estates Projects Ltd.
|
|
32,119
|
530,890
|
|
PVR Inox Ltd.(a)
|
|
69,947
|
710,600
|
|
Shriram Finance Ltd.
|
|
79,953
|
880,246
|
|
Syrma SGS Technology Ltd.
|
|
56,103
|
827,569
|
|
Thyrocare Technologies Ltd.(b)
|
|
164,905
|
956,936
|
|
|
|
|
20,017,052
|
|
Ireland
|
0.5
%
|
|
|
|
Bank of Cyprus Holdings PLC
|
|
39,000
|
426,230
|
|
Italy
|
0.4
%
|
|
|
|
Danieli & C Officine Meccaniche S.p.A. (RSP)
|
|
6,100
|
321,589
|
|
Malaysia
|
2.3
%
|
|
|
|
99 Speed Mart Retail Holdings Bhd.
|
|
676,426
|
585,600
|
|
Malayan Cement Bhd.
|
|
360,854
|
564,622
|
|
Unisem M Bhd
|
|
246,376
|
287,011
|
|
Velesto Energy Bhd.
|
|
10,239,308
|
665,461
|
|
|
|
|
2,102,694
|
|
Mexico
|
1.8
%
|
|
|
|
Alsea S.A.B. de C.V.
|
|
170,000
|
445,232
|
|
Banco del Bajio S.A.(b)
|
|
250,000
|
808,006
|
|
Vista Energy S.A.B. de C.V. - ADR(a)
|
|
5,500
|
350,900
|
|
|
|
|
1,604,138
|
|
Netherlands
|
0.6
%
|
|
|
|
SBM Offshore N.V.
|
|
15,275
|
529,531
|
|
Peru
|
0.6
%
|
|
|
|
Intercorp Financial Services, Inc.
|
|
9,900
|
563,904
|
|
Poland
|
3.7
%
|
|
|
|
Alior Bank S.A.
|
|
33,000
|
1,140,412
|
|
Allegro.eu S.A.(a)(b)
|
|
95,000
|
954,975
|
|
Benefit Systems S.A.(a)
|
|
713
|
923,424
|
|
Diagnostyka S.A.
|
|
7,100
|
327,840
|
|
|
|
|
3,346,651
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
Russia
|
0.0
%
|
|
|
|
Ozon Holdings PLC - ADR(a)(c)
|
|
7,516
|
$—
|
|
Saudi Arabia
|
2.7
%
|
|
|
|
National Medical Care Co.
|
|
14,000
|
386,032
|
|
Riyadh Cables Group Co.
|
|
29,000
|
924,678
|
|
Savola Group (The)
|
|
150,000
|
1,141,009
|
|
|
|
|
2,451,719
|
|
South Africa
|
1.4
%
|
|
|
|
Aspen Pharmacare Holdings Ltd.
|
|
101,000
|
967,331
|
|
Northam Platinum Holdings Ltd.
|
|
19,000
|
273,644
|
|
|
|
|
1,240,975
|
|
South Korea
|
10.3
%
|
|
|
|
APR Corp.
|
|
3,528
|
877,844
|
|
BNK Financial Group, Inc.
|
|
79,670
|
876,766
|
|
Doosan Bobcat, Inc.
|
|
22,076
|
879,164
|
|
Duk San Neolux Co. Ltd.(a)
|
|
19,341
|
409,466
|
|
Eo Technics Co. Ltd.
|
|
3,089
|
949,051
|
|
HAESUNG DS Co. Ltd.
|
|
14,312
|
651,259
|
|
Hana Materials, Inc.
|
|
22,722
|
926,890
|
|
Handsome Co. Ltd.
|
|
49,432
|
668,431
|
|
Hanmi Pharm Co. Ltd.
|
|
2,233
|
572,915
|
|
Hansol Chemical Co. Ltd.
|
|
4,438
|
833,575
|
|
Hyundai Wia Corp.
|
|
10,030
|
413,682
|
|
ISC Co. Ltd.
|
|
5,229
|
612,576
|
|
NH Investment & Securities Co. Ltd.
|
|
30,474
|
578,284
|
|
|
|
|
9,249,903
|
|
Switzerland
|
0.3
%
|
|
|
|
Comet Holding A.G. - REG
|
|
490
|
248,032
|
|
Taiwan
|
25.5
%
|
|
|
|
Asia Vital Components Co. Ltd.
|
|
11,289
|
894,785
|
|
ASPEED Technology, Inc.
|
|
2,311
|
1,196,614
|
|
Bizlink Holding, Inc.
|
|
10,883
|
654,213
|
|
ChipMOS Technologies, Inc.(a)
|
|
246,375
|
769,523
|
|
Elan Microelectronics Corp.
|
|
188,659
|
1,119,287
|
|
Elite Material Co. Ltd.
|
|
8,527
|
1,442,736
|
|
FOCI Fiber Optic Communications, Inc.(a)
|
|
31,040
|
563,186
|
|
Fositek Corp.
|
|
15,792
|
832,815
|
|
Genius Electronic Optical Co. Ltd.
|
|
38,661
|
799,762
|
|
Gold Circuit Electronics Ltd.
|
|
27,171
|
1,023,502
|
|
Gorilla Technology Group, Inc.(a)
|
|
29,675
|
589,939
|
|
Hiwin Mikrosystem Corp.
|
|
87,000
|
576,240
|
|
Innodisk Corp.
|
|
17,811
|
902,948
|
|
Kaori Heat Treatment Co. Ltd.
|
|
18,952
|
922,123
|
|
King Slide Works Co. Ltd.
|
|
5,066
|
1,170,429
|
|
King Yuan Electronics Co. Ltd.
|
|
91,495
|
969,333
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
Kinik Co.
|
|
58,741
|
$1,405,071
|
|
Kinsus Interconnect Technology Corp.
|
|
69,800
|
1,952,248
|
|
LandMark Optoelectronics Corp.
|
|
13,987
|
886,907
|
|
Mega Union Technology, Inc.
|
|
27,528
|
844,250
|
|
Poya International Co. Ltd.
|
|
41,000
|
858,443
|
|
Shihlin Electric & Engineering Corp.
|
|
48,000
|
360,868
|
|
Syntec Technology Co. Ltd.
|
|
12,035
|
759,354
|
|
Tong Hsing Electronic Industries Ltd.(a)
|
|
41,914
|
351,295
|
|
Visual Photonics Epitaxy Co. Ltd.
|
|
96,341
|
1,049,404
|
|
|
|
|
22,895,275
|
|
Thailand
|
1.2
%
|
|
|
|
Bangkok Life Assurance PCL - NVDR
|
|
425,700
|
316,515
|
|
Ichitan Group PCL - NVDR
|
|
1,775,500
|
748,243
|
|
|
|
|
1,064,758
|
|
Turkey
|
1.1
%
|
|
|
|
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret A.S.
|
|
99,000
|
586,832
|
|
Turk Traktor ve Ziraat Makineleri A.S.(a)
|
|
41,000
|
385,422
|
|
|
|
|
972,254
|
|
United Arab Emirates
|
1.8
%
|
|
|
|
Space42 PLC(a)
|
|
2,500,000
|
1,184,382
|
|
Talabat Holding PLC
|
|
1,330,000
|
445,410
|
|
|
|
|
1,629,792
|
|
United Kingdom
|
0.2
%
|
|
|
|
Ceres Power Holdings PLC(a)
|
|
30,381
|
205,323
|
|
United States
|
0.5
%
|
|
|
|
Laureate Education, Inc.(a)
|
|
12,500
|
454,000
|
|
TOTAL COMMON STOCKS (Cost $69,367,996)
|
|
|
84,853,122
|
|
EQUITY-LINKED SECURITIES
|
1.3
%
|
|
|
|
Singapore
|
1.3
%
|
|
|
|
Federal Bank Ltd., Issued by CLSA Global Markets Pte. Ltd., Maturity Date
10/25/27(a)
|
|
327,051
|
1,140,340
|
|
TOTAL EQUITY-LINKED SECURITIES (Cost $845,664)
|
|
|
1,140,340
|
|
PREFERRED STOCKS
|
0.5
%
|
|
|
|
Brazil
|
0.5
%
|
|
|
|
Alpargatas S.A., 3.14%(d)
|
|
189,757
|
441,834
|
|
TOTAL PREFERRED STOCKS (Cost $417,032)
|
|
|
441,834
|
|
SHORT-TERM INVESTMENTS
|
4.2
%
|
|
|
|
Northern Institutional Treasury Portfolio (Premier Class), 3.51%(e)
|
|
3,814,222
|
3,814,222
|
|
TOTAL SHORT-TERM INVESTMENTS (Cost $3,814,222)
|
|
|
3,814,222
|
|
TOTAL INVESTMENTS
(Cost $74,444,914)
|
100.5
%
|
|
90,249,518
|
|
NET OTHER ASSETS (LIABILITIES)
|
(0.5
%)
|
|
(418,782
)
|
|
NET ASSETS
|
100.0
%
|
|
$89,830,736
|
|
(a)Non-income producing security.
|
|
(b)Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally
to qualified institutional buyers. As of June 30, 2026, these securities had a total
value of $6,616,316 or 7% of net assets.
|
|
(c)Security valued pursuant to Level 3 unobservable inputs and is restricted for trading.
|
|
(d)Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income.
|
|
(e)7-day current yield as of June 30, 2026 is disclosed.
|
|
Abbreviations:
|
|
ADR – American Depositary Receipt
|
|
NVDR – Non-Voting Depositary Receipt
|
|
REG – Registered
|
|
Sector Allocation
|
% of Net Assets
|
|
Information Technology
|
31.2%
|
|
Industrials
|
18.9
|
|
Financials
|
10.2
|
|
Health Care
|
8.9
|
|
Consumer Discretionary
|
7.6
|
|
Consumer Staples
|
7.3
|
|
Materials
|
6.7
|
|
Communication Services
|
2.1
|
|
Real Estate
|
1.7
|
|
Energy
|
1.7
|
|
Total
|
96.3%
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
COMMON STOCKS
|
93.3
%
|
|
|
|
Brazil
|
9.0
%
|
|
|
|
Arcos Dorados Holdings, Inc. - Class A
|
|
631,773
|
$5,092,090
|
|
B3 S.A. - Brasil Bolsa Balcao(a)
|
|
11,889,257
|
33,463,941
|
|
Banco BTG Pactual S.A.(a)
|
|
4,159,011
|
43,577,650
|
|
Multiplan Empreendimentos Imobiliarios S.A.(a)
|
|
2,794,211
|
15,843,046
|
|
Petroleo Brasileiro S.A. - ADR
|
|
2,232,175
|
36,071,948
|
|
Rede D'Or Sao Luiz S.A.(a)(b)
|
|
1,991,152
|
13,388,003
|
|
Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A.(a)
|
|
6,119,118
|
3,330,826
|
|
|
|
|
150,767,504
|
|
Canada
|
1.9
%
|
|
|
|
Barrick Mining Corp.
|
|
866,916
|
31,841,825
|
|
China
|
22.5
%
|
|
|
|
Anker Innovations Technology Co. Ltd. - Class A
|
|
1,436,816
|
22,110,558
|
|
Bilibili, Inc. - Class Z(a)
|
|
510,560
|
8,573,510
|
|
China Life Insurance Co. Ltd. - Class H
|
|
9,148,521
|
31,098,334
|
|
China Oilfield Services Ltd. - Class H
|
|
9,336,288
|
7,440,127
|
|
CITIC Securities Co. Ltd. - Class A
|
|
10,131,295
|
42,863,028
|
|
Contemporary Amperex Technology Co. Ltd. - Class A
|
|
365,344
|
21,144,033
|
|
ENN Energy Holdings Ltd.
|
|
2,839,976
|
14,650,979
|
|
H World Group Ltd.
|
|
1,567,000
|
6,665,322
|
|
NAURA Technology Group Co. Ltd. - Class A
|
|
464,487
|
60,503,865
|
|
NetEase, Inc.
|
|
658,100
|
16,983,550
|
|
PetroChina Co. Ltd. - Class H
|
|
22,089,780
|
23,884,345
|
|
Sungrow Power Supply Co. Ltd. - Class A
|
|
684,794
|
16,035,923
|
|
Tencent Holdings Ltd.
|
|
952,184
|
52,181,118
|
|
Tencent Holdings Ltd. - ADR
|
|
290,558
|
16,044,613
|
|
Tencent Music Entertainment Group - Class A
|
|
1,483,777
|
6,220,518
|
|
Tongcheng Travel Holdings Ltd.
|
|
3,022,824
|
4,621,236
|
|
Trip.com Group Ltd.(a)
|
|
389,830
|
15,488,123
|
|
Xiaomi Corp. - Class B(a)(b)
|
|
4,328,400
|
11,942,926
|
|
|
|
|
378,452,108
|
|
Hong Kong
|
2.9
%
|
|
|
|
Hong Kong Exchanges & Clearing Ltd.
|
|
1,043,377
|
48,291,865
|
|
India
|
3.3
%
|
|
|
|
HCL Technologies Ltd.
|
|
351,803
|
3,983,387
|
|
HDFC Bank Ltd. - ADR
|
|
656,612
|
16,960,288
|
|
Infosys Ltd. - ADR
|
|
228,000
|
2,391,720
|
|
JSW Infrastructure Ltd.
|
|
2,000,000
|
6,806,555
|
|
Larsen & Toubro Ltd.
|
|
250,414
|
10,961,114
|
|
Mahindra & Mahindra Ltd.
|
|
117,788
|
3,818,641
|
|
Tata Consultancy Services Ltd.
|
|
185,650
|
3,984,291
|
|
UltraTech Cement Ltd.
|
|
49,695
|
5,907,725
|
|
|
|
|
54,813,721
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
Indonesia
|
1.1
%
|
|
|
|
Bank Mandiri Persero Tbk PT
|
|
49,272,903
|
$10,609,658
|
|
Mitra Adiperkasa Tbk PT
|
|
89,901,520
|
7,667,775
|
|
|
|
|
18,277,433
|
|
Mexico
|
5.3
%
|
|
|
|
Bolsa Mexicana de Valores S.A.B. de C.V.
|
|
2,762,179
|
5,504,614
|
|
Cemex S.A.B. de C.V. - ADR
|
|
2,402,146
|
28,825,752
|
|
Grupo Financiero Banorte S.A.B. de C.V., Series O
|
|
3,153,156
|
33,279,657
|
|
Wal-Mart de Mexico S.A.B. de C.V.
|
|
7,175,746
|
21,078,946
|
|
|
|
|
88,688,969
|
|
Russia
|
0.0
%
|
|
|
|
Gazprom PJSC - ADR(a)(c)
|
|
306,786
|
—
|
|
Globaltrans Investment PLC - REG - GDR(a)(c)
|
|
757,185
|
—
|
|
|
|
|
—
|
|
South Africa
|
6.1
%
|
|
|
|
FirstRand Ltd.
|
|
6,056,293
|
35,960,626
|
|
MTN Group Ltd.
|
|
1,859,108
|
25,861,804
|
|
Naspers Ltd. - Class N
|
|
804,544
|
40,306,771
|
|
|
|
|
102,129,201
|
|
South Korea
|
12.5
%
|
|
|
|
Samsung Card Co. Ltd.
|
|
11,303
|
349,822
|
|
Samsung Electronics Co. Ltd.
|
|
131,739
|
28,400,456
|
|
Samsung Electronics Co. Ltd. - REG - GDR
|
|
5,246
|
28,275,940
|
|
Samsung Life Insurance Co. Ltd.
|
|
76,262
|
19,738,631
|
|
SK hynix, Inc.
|
|
78,328
|
133,976,118
|
|
|
|
|
210,740,967
|
|
Taiwan
|
20.7
%
|
|
|
|
Chunghwa Telecom Co. Ltd.
|
|
5,490,000
|
24,385,447
|
|
E Ink Holdings, Inc.
|
|
2,766,000
|
18,624,363
|
|
Hon Hai Precision Industry Co. Ltd.
|
|
4,418,355
|
34,812,585
|
|
MediaTek, Inc.
|
|
56,000
|
7,462,213
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
2,933,816
|
221,948,317
|
|
Yuanta Financial Holding Co. Ltd.
|
|
19,156,101
|
39,507,034
|
|
|
|
|
346,739,959
|
|
United Arab Emirates
|
4.2
%
|
|
|
|
Abu Dhabi Commercial Bank PJSC
|
|
3,757,165
|
14,792,149
|
|
Aldar Properties PJSC
|
|
12,749,309
|
28,742,180
|
|
Emaar Properties PJSC
|
|
8,476,913
|
27,511,654
|
|
|
|
|
71,045,983
|
|
United Kingdom
|
1.9
%
|
|
|
|
Anglogold Ashanti PLC
|
|
404,833
|
32,817,424
|
|
United States
|
1.9
%
|
|
|
|
MercadoLibre, Inc.(a)
|
|
18,859
|
32,011,078
|
|
TOTAL COMMON STOCKS (Cost $1,185,837,179)
|
|
|
1,566,618,037
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
PREFERRED STOCKS
|
2.7
%
|
|
|
|
Brazil
|
1.4
%
|
|
|
|
Itau Unibanco Holding S.A. - ADR, 4.00%(d)
|
|
2,808,800
|
$22,947,896
|
|
South Korea
|
1.3
%
|
|
|
|
Samsung Electronics Co. Ltd., 0.79%(d)
|
|
161,507
|
22,099,970
|
|
TOTAL PREFERRED STOCKS (Cost $29,025,234)
|
|
|
45,047,866
|
|
SHORT-TERM INVESTMENTS
|
3.9
%
|
|
|
|
Northern Institutional Treasury Portfolio (Premier Class), 3.51%(e)
|
|
65,674,165
|
65,674,165
|
|
TOTAL SHORT-TERM INVESTMENTS (Cost $65,674,165)
|
|
|
65,674,165
|
|
TOTAL INVESTMENTS
(Cost $1,280,536,578)
|
99.9
%
|
|
1,677,340,068
|
|
NET OTHER ASSETS (LIABILITIES)
|
0.1
%
|
|
1,109,433
|
|
NET ASSETS
|
100.0
%
|
|
$1,678,449,501
|
|
(a)Non-income producing security.
|
|
(b)Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally
to qualified institutional buyers. As of June 30, 2026, these securities had a total
value of $25,330,929 or 2% of net assets.
|
|
(c)Security valued pursuant to Level 3 unobservable inputs and is restricted for trading.
|
|
(d)Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income.
|
|
(e)7-day current yield as of June 30, 2026 is disclosed.
|
|
Abbreviations:
|
|
ADR – American Depositary Receipt
|
|
GDR – Global Depositary Receipt
|
|
REG – Registered
|
|
Sector Allocation
|
% of Net Assets
|
|
Information Technology
|
35.7%
|
|
Financials
|
23.7
|
|
Communication Services
|
9.0
|
|
Consumer Discretionary
|
6.9
|
|
Materials
|
5.9
|
|
Real Estate
|
4.2
|
|
Energy
|
4.0
|
|
Industrials
|
3.6
|
|
Consumer Staples
|
1.3
|
|
Utilities
|
0.9
|
|
Health Care
|
0.8
|
|
Total
|
96.0%
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
COMMON STOCKS
|
96.3
%
|
|
|
|
Australia
|
6.2
%
|
|
|
|
QBE Insurance Group Ltd.
|
|
1,004,957
|
$17,526,749
|
|
Woodside Energy Group Ltd.
|
|
591,095
|
11,544,791
|
|
|
|
|
29,071,540
|
|
Belgium
|
1.8
%
|
|
|
|
Elia Group S.A./N.V.
|
|
51,967
|
8,300,974
|
|
Canada
|
5.1
%
|
|
|
|
Alimentation Couche-Tard, Inc.
|
|
215,343
|
13,726,076
|
|
Teck Resources Ltd. - Class B
|
|
173,335
|
10,323,714
|
|
|
|
|
24,049,790
|
|
Denmark
|
1.8
%
|
|
|
|
Orsted A.S.(a)(b)
|
|
378,504
|
8,493,941
|
|
France
|
10.5
%
|
|
|
|
Dassault Systemes S.E.
|
|
352,910
|
7,183,631
|
|
Publicis Groupe S.A.
|
|
182,193
|
17,998,701
|
|
Schneider Electric S.E.
|
|
29,999
|
9,782,615
|
|
Thales S.A.
|
|
55,060
|
14,142,518
|
|
|
|
|
49,107,465
|
|
Germany
|
15.2
%
|
|
|
|
Deutsche Boerse A.G.
|
|
66,187
|
18,059,314
|
|
E.ON S.E.
|
|
564,399
|
11,624,003
|
|
Heidelberg Materials A.G.
|
|
74,370
|
14,182,355
|
|
Infineon Technologies A.G.
|
|
80,058
|
7,470,704
|
|
SAP S.E.
|
|
44,926
|
6,878,548
|
|
Siemens A.G. - REG
|
|
40,405
|
12,979,783
|
|
|
|
|
71,194,707
|
|
Ireland
|
4.2
%
|
|
|
|
AIB Group PLC
|
|
784,555
|
9,210,845
|
|
CRH PLC
|
|
98,810
|
10,572,670
|
|
|
|
|
19,783,515
|
|
Italy
|
3.1
%
|
|
|
|
Leonardo S.p.A.
|
|
271,094
|
14,535,113
|
|
Japan
|
19.8
%
|
|
|
|
Daifuku Co. Ltd.
|
|
230,001
|
10,078,767
|
|
Ebara Corp.
|
|
381,726
|
14,687,277
|
|
Japan Exchange Group, Inc.
|
|
1,510,430
|
18,997,075
|
|
Nippon Sanso Holdings Corp.
|
|
325,878
|
12,017,371
|
|
Renesas Electronics Corp.
|
|
369,208
|
10,915,359
|
|
Resona Holdings, Inc.
|
|
1,017,769
|
13,182,580
|
|
SoftBank Corp.
|
|
10,189,530
|
13,041,245
|
|
|
|
|
92,919,674
|
|
Netherlands
|
1.3
%
|
|
|
|
Universal Music Group N.V.
|
|
288,517
|
6,042,659
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
Spain
|
2.9
%
|
|
|
|
CaixaBank S.A.
|
|
968,937
|
$13,711,526
|
|
Sweden
|
1.9
%
|
|
|
|
Svenska Handelsbanken AB - Class A
|
|
607,439
|
8,933,341
|
|
Switzerland
|
2.1
%
|
|
|
|
Roche Holding A.G.
|
|
23,529
|
9,691,153
|
|
United Kingdom
|
20.4
%
|
|
|
|
3i Group PLC
|
|
263,877
|
8,701,489
|
|
British American Tobacco PLC
|
|
210,484
|
13,058,022
|
|
Compass Group PLC
|
|
475,302
|
15,352,255
|
|
London Stock Exchange Group PLC
|
|
81,434
|
8,816,440
|
|
National Grid PLC
|
|
957,062
|
15,843,298
|
|
Reckitt Benckiser Group PLC
|
|
112,043
|
7,298,701
|
|
Shell PLC
|
|
416,462
|
16,202,363
|
|
Smith & Nephew PLC
|
|
741,911
|
10,731,697
|
|
|
|
|
96,004,265
|
|
TOTAL COMMON STOCKS (Cost $424,948,500)
|
|
|
451,839,663
|
|
SHORT-TERM INVESTMENTS
|
3.4
%
|
|
|
|
Northern Institutional Treasury Portfolio (Premier Class), 3.51%(c)
|
|
16,159,315
|
16,159,315
|
|
TOTAL SHORT-TERM INVESTMENTS (Cost $16,159,315)
|
|
|
16,159,315
|
|
TOTAL INVESTMENTS
(Cost $441,107,815)
|
99.7
%
|
|
467,998,978
|
|
NET OTHER ASSETS (LIABILITIES)
|
0.3
%
|
|
1,412,776
|
|
NET ASSETS
|
100.0
%
|
|
$469,411,754
|
|
(a)Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally
to qualified institutional buyers. As of June 30, 2026, these securities had a total
value of $8,493,941 or 2% of net assets.
|
|
(b)Non-income producing security.
|
|
(c)7-day current yield as of June 30, 2026 is disclosed.
|
|
Abbreviations:
|
|
REG – Registered
|
|
Sector Allocation
|
% of Net Assets
|
|
Financials
|
24.8%
|
|
Industrials
|
16.3
|
|
Materials
|
10.0
|
|
Utilities
|
9.5
|
|
Communication Services
|
8.0
|
|
Consumer Staples
|
7.2
|
|
Information Technology
|
6.9
|
|
Energy
|
5.9
|
|
Health Care
|
4.4
|
|
Consumer Discretionary
|
3.3
|
|
Total
|
96.3%
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
COMMON STOCKS
|
97.9
%
|
|
|
|
Australia
|
4.3
%
|
|
|
|
BHP Group Ltd.
|
|
1,702,235
|
$70,005,422
|
|
Northern Star Resources Ltd.
|
|
3,254,305
|
42,696,590
|
|
|
|
|
112,702,012
|
|
Belgium
|
2.2
%
|
|
|
|
KBC Group N.V.
|
|
422,096
|
57,536,827
|
|
Brazil
|
1.7
%
|
|
|
|
NU Holdings Ltd. - Class A(a)
|
|
3,281,337
|
43,838,662
|
|
Canada
|
5.0
%
|
|
|
|
Ivanhoe Mines Ltd. - Class A(a)
|
|
4,566,904
|
35,775,289
|
|
Teck Resources Ltd. - Class B
|
|
857,587
|
51,077,295
|
|
Wheaton Precious Metals Corp.
|
|
400,054
|
45,002,373
|
|
|
|
|
131,854,957
|
|
Denmark
|
1.8
%
|
|
|
|
Genmab A/S(a)
|
|
171,046
|
46,934,271
|
|
Finland
|
2.1
%
|
|
|
|
Neste Oyj
|
|
1,696,090
|
55,502,959
|
|
France
|
3.9
%
|
|
|
|
Danone S.A.
|
|
623,963
|
51,146,326
|
|
Schneider Electric S.E.
|
|
153,215
|
49,963,112
|
|
|
|
|
101,109,438
|
|
Germany
|
11.1
%
|
|
|
|
Deutsche Boerse A.G.
|
|
200,500
|
54,707,004
|
|
E.ON S.E.
|
|
2,861,507
|
58,933,782
|
|
RWE A.G.
|
|
753,517
|
48,748,039
|
|
Siemens A.G. - REG
|
|
210,893
|
67,747,689
|
|
Siemens Energy A.G.
|
|
326,360
|
61,826,645
|
|
|
|
|
291,963,159
|
|
Guatemala
|
2.2
%
|
|
|
|
Millicom International Cellular S.A.
|
|
634,407
|
57,578,779
|
|
Hong Kong
|
1.7
%
|
|
|
|
Hong Kong Exchanges & Clearing Ltd.
|
|
989,272
|
45,787,658
|
|
Japan
|
23.8
%
|
|
|
|
Advantest Corp.
|
|
325,386
|
64,718,984
|
|
Anritsu Corp.
|
|
1,615,272
|
43,671,304
|
|
Furuya Metal Co. Ltd.
|
|
791,613
|
39,435,809
|
|
Hitachi Ltd.
|
|
1,926,005
|
52,960,843
|
|
Japan Exchange Group, Inc.
|
|
3,457,668
|
43,487,998
|
|
Japan Steel Works (The) Ltd.
|
|
727,282
|
34,338,964
|
|
JGC Holdings Corp.
|
|
2,722,215
|
41,931,102
|
|
Kajima Corp.
|
|
1,302,867
|
47,052,093
|
|
Mitsui Kinzoku Co. Ltd.
|
|
145,111
|
37,974,557
|
|
Organo Corp.
|
|
430,032
|
43,110,315
|
|
Resona Holdings, Inc.
|
|
3,865,229
|
50,064,100
|
|
|
Percentage
of Net
Assets
|
Shares
|
Value
|
|
SBI Holdings, Inc.
|
|
2,417,315
|
$39,234,259
|
|
Taisei Corp.
|
|
478,920
|
41,973,062
|
|
Yokogawa Electric Corp.
|
|
1,333,400
|
46,211,193
|
|
|
|
|
626,164,583
|
|
Netherlands
|
12.3
%
|
|
|
|
Argenx S.E.(a)
|
|
66,174
|
61,350,290
|
|
ASML Holding N.V.
|
|
62,352
|
122,638,383
|
|
BE Semiconductor Industries N.V.
|
|
125,276
|
41,095,598
|
|
Euronext N.V.(b)
|
|
324,102
|
51,844,653
|
|
Prosus N.V.(a)
|
|
1,050,646
|
45,605,785
|
|
|
|
|
322,534,709
|
|
Portugal
|
2.1
%
|
|
|
|
Banco Comercial Portugues S.A. - REG
|
|
46,183,239
|
54,615,884
|
|
Singapore
|
4.0
%
|
|
|
|
DBS Group Holdings Ltd.
|
|
1,212,562
|
61,295,888
|
|
Singapore Exchange Ltd.
|
|
2,407,476
|
44,809,292
|
|
|
|
|
106,105,180
|
|
Spain
|
4.2
%
|
|
|
|
Iberdrola S.A.
|
|
2,768,285
|
69,080,848
|
|
Solaria Energia y Medio Ambiente S.A.(a)
|
|
1,835,570
|
41,747,201
|
|
|
|
|
110,828,049
|
|
Sweden
|
1.7
%
|
|
|
|
Sandvik AB
|
|
1,090,605
|
44,979,084
|
|
Switzerland
|
6.7
%
|
|
|
|
Galderma Group A.G.
|
|
238,177
|
54,208,849
|
|
Sandoz Group A.G.
|
|
628,805
|
56,903,740
|
|
UBS Group A.G. - REG
|
|
1,328,128
|
65,847,534
|
|
|
|
|
176,960,123
|
|
United Kingdom
|
7.1
%
|
|
|
|
Barclays PLC
|
|
9,263,668
|
62,249,962
|
|
Rio Tinto PLC
|
|
567,898
|
53,649,198
|
|
Rolls-Royce Holdings PLC
|
|
3,691,813
|
70,742,145
|
|
|
|
|
186,641,305
|
|
TOTAL COMMON STOCKS (Cost $2,065,223,148)
|
|
|
2,573,637,639
|
|
SHORT-TERM INVESTMENTS
|
1.3
%
|
|
|
|
Northern Institutional Treasury Portfolio (Premier Class), 3.51%(c)
|
|
35,021,783
|
35,021,783
|
|
TOTAL SHORT-TERM INVESTMENTS (Cost $35,021,783)
|
|
|
35,021,783
|
|
TOTAL INVESTMENTS
(Cost $2,100,244,931)
|
99.2
%
|
|
2,608,659,422
|
|
NET OTHER ASSETS (LIABILITIES)
|
0.8
%
|
|
21,456,989
|
|
NET ASSETS
|
100.0
%
|
|
$2,630,116,411
|
|
(a)Non-income producing security.
|
|
(b)Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally
to qualified institutional buyers. As of June 30, 2026, these securities had a total
value of $51,844,653 or 2% of net assets.
|
|
(c)7-day current yield as of June 30, 2026 is disclosed.
|
|
Abbreviations:
|
|
REG – Registered
|
|
Sector Allocation
|
% of Net Assets
|
|
Financials
|
25.7%
|
|
Industrials
|
21.1
|
|
Information Technology
|
13.8
|
|
Materials
|
12.7
|
|
Health Care
|
8.3
|
|
Utilities
|
8.3
|
|
Communication Services
|
2.2
|
|
Energy
|
2.1
|
|
Consumer Staples
|
2.0
|
|
Consumer Discretionary
|
1.7
|
|
Total
|
97.9%
|