|
Schedule of Investments
|
|
ACTIVE M EMERGING MARKETS EQUITY FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.4% (1)
|
||
|
Argentina – 1.1%
|
||
|
Grupo Financiero Galicia S.A. ADR* †
|
36,038
|
$1,803
|
|
Vista Energy S.A.B. de C.V. ADR*
|
2,270
|
145
|
|
YPF S.A. ADR*
|
13,767
|
626
|
|
|
|
2,574
|
|
Australia – 0.5%
|
||
|
Anglogold Ashanti PLC
|
14,239
|
1,152
|
|
Austria – 0.2%
|
||
|
Erste Group Bank A.G.
|
3,468
|
465
|
|
Brazil – 3.6%
|
||
|
Azzas 2154 S.A.
|
124,900
|
432
|
|
B3 S.A. - Brasil Bolsa Balcao*
|
102,100
|
287
|
|
Banco BTG Pactual S.A.*
|
53,100
|
559
|
|
Cia de Saneamento Basico do Estado
de Sao Paulo SABESP*
|
81,604
|
470
|
|
Embraer S.A.
|
63,700
|
1,011
|
|
MercadoLibre, Inc.*
|
1,287
|
2,185
|
|
NU Holdings Ltd., Class A*
|
11,025
|
147
|
|
Raia Drogasil S.A.
|
350,779
|
1,139
|
|
TOTVS S.A.*
|
199,913
|
1,110
|
|
Vale S.A. ADR
|
50,847
|
765
|
|
|
|
8,105
|
|
Chile – 0.4%
|
||
|
Antofagasta PLC
|
18,085
|
918
|
|
China – 14.1%
|
||
|
Alibaba Group Holding Ltd.
|
39,500
|
472
|
|
Aluminum Corp. of China Ltd., Class A
|
528,575
|
640
|
|
Baidu, Inc., Class A*
|
13,800
|
197
|
|
BYD Co. Ltd., Class H
|
104,872
|
971
|
|
China Construction Bank Corp.,
Class H
|
2,117,674
|
2,182
|
|
China Life Insurance Co. Ltd., Class H
|
494,558
|
1,692
|
|
China Merchants Bank Co. Ltd.,
Class H
|
58,500
|
336
|
|
China Petroleum & Chemical Corp.,
Class H
|
1,241,664
|
634
|
|
Contemporary Amperex Technology
Co. Ltd., Class A
|
44,119
|
2,565
|
|
Haier Smart Home Co. Ltd., Class A
|
394,021
|
1,188
|
|
Han's Laser Technology Industry Group
Co. Ltd., Class A
|
23,000
|
513
|
|
Hansoh Pharmaceutical Group Co. Ltd.
|
246,583
|
933
|
|
Innovent Biologics, Inc.*
|
44,000
|
448
|
|
Jiangsu Hengli Hydraulic Co. Ltd.,
Class A
|
43,500
|
694
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.4% (1)continued
|
||
|
China – 14.1%continued
|
||
|
Jiangsu Hengrui Pharmaceuticals Co.
Ltd., Class H
|
35,000
|
$259
|
|
Leader Harmonious Drive Systems Co.
Ltd., Class A
|
12,547
|
777
|
|
Li Ning Co. Ltd.
|
38,700
|
73
|
|
Luxshare Precision Industry Co. Ltd.,
Class A
|
184,416
|
1,946
|
|
PICC Property & Casualty Co. Ltd.,
Class H
|
304,678
|
559
|
|
Piotech, Inc., Class A
|
7,300
|
940
|
|
Remegen Co. Ltd., Class H*
|
9,400
|
89
|
|
Sany Heavy Industry Co. Ltd., Class A
|
308,367
|
788
|
|
Shangri-La Asia Ltd.
|
70,000
|
36
|
|
Shenzhen Inovance Technology Co.
Ltd., Class A
|
116,799
|
1,147
|
|
Sieyuan Electric Co. Ltd., Class A
|
11,900
|
305
|
|
Tencent Holdings Ltd.
|
85,193
|
4,695
|
|
Topsports International Holdings Ltd.
|
813,868
|
181
|
|
Weichai Power Co. Ltd., Class H
|
268,000
|
1,177
|
|
WuXi AppTec Co. Ltd., Class H
|
96,222
|
1,892
|
|
Yangtze Optical Fibre & Cable Joint
Stock Ltd. Co., Class H
|
18,500
|
613
|
|
Yum China Holdings, Inc.
|
44,641
|
1,824
|
|
Zijin Mining Group Co. Ltd., Class A
|
277,725
|
1,031
|
|
|
|
31,797
|
|
Egypt – 0.7%
|
||
|
Commercial International Bank - Egypt
(CIB)
|
632,607
|
1,642
|
|
Greece – 1.3%
|
||
|
Eurobank S.A.
|
254,144
|
1,215
|
|
National Bank of Greece S.A.
|
94,111
|
1,627
|
|
|
|
2,842
|
|
Guatemala – 0.3%
|
||
|
Millicom International Cellular S.A.
|
6,510
|
591
|
|
Hong Kong – 0.3%
|
||
|
AIA Group Ltd.
|
44,400
|
407
|
|
Hong Kong Exchanges & Clearing Ltd.
|
6,800
|
316
|
|
|
|
723
|
|
Hungary – 1.4%
|
||
|
OTP Bank Nyrt.
|
13,822
|
2,043
|
|
Richter Gedeon Nyrt.
|
30,687
|
1,188
|
|
|
|
3,231
|
|
India – 7.2%
|
||
|
Bajaj Finance Ltd.
|
29,895
|
319
|
|
Schedule of Investments
|
|
ACTIVE M EMERGING MARKETS EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.4% (1)continued
|
||
|
India – 7.2%continued
|
||
|
Bharat Electronics Ltd.
|
112,629
|
$491
|
|
Bharat Forge Ltd.
|
28,750
|
655
|
|
BSE Ltd.*
|
12,841
|
529
|
|
HDFC Bank Ltd.
|
227,573
|
1,925
|
|
HDFC Bank Ltd. ADR
|
24,802
|
641
|
|
Hero MotoCorp Ltd.
|
39,781
|
2,026
|
|
Hitachi Energy India Ltd.
|
1,982
|
737
|
|
ICICI Bank Ltd.
|
83,348
|
1,214
|
|
Infosys Ltd.
|
2,826
|
30
|
|
JK Cement Ltd.
|
10,516
|
608
|
|
Larsen & Toubro Ltd.
|
41,309
|
1,820
|
|
Mahindra & Mahindra Ltd.
|
9,142
|
299
|
|
Radico Khaitan Ltd.
|
10,186
|
427
|
|
Siemens Energy India Ltd.
|
17,149
|
670
|
|
State Bank of India
|
107,806
|
1,179
|
|
Tata Consultancy Services Ltd.
|
91,636
|
1,976
|
|
TVS Motor Co. Ltd.
|
18,058
|
665
|
|
|
|
16,211
|
|
Indonesia – 2.1%
|
||
|
Astra International Tbk PT
|
3,774,554
|
954
|
|
Bank Central Asia Tbk PT
|
9,361,331
|
2,916
|
|
Telkom Indonesia Persero Tbk PT
|
6,132,100
|
813
|
|
|
|
4,683
|
|
Japan – 0.5%
|
||
|
Komatsu Ltd.
|
29,629
|
1,160
|
|
Malaysia – 0.3%
|
||
|
CIMB Group Holdings Bhd.
|
377,334
|
688
|
|
Mexico – 4.7%
|
||
|
America Movil S.A.B. de C.V. ADR
|
143,656
|
3,734
|
|
Fomento Economico Mexicano S.A.B.
de C.V. ADR
|
7,390
|
945
|
|
Grupo Financiero Banorte S.A.B. de
C.V., Class O
|
239,704
|
2,538
|
|
Southern Copper Corp.
|
4,450
|
775
|
|
Wal-Mart de Mexico S.A.B. de C.V.
|
859,567
|
2,520
|
|
|
|
10,512
|
|
Peru – 3.6%
|
||
|
Cia de Minas Buenaventura S.A.A.
ADR
|
68,882
|
2,017
|
|
Credicorp Ltd.
|
15,934
|
6,208
|
|
|
|
8,225
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.4% (1)continued
|
||
|
Philippines – 0.3%
|
||
|
International Container Terminal
Services, Inc.
|
41,620
|
$608
|
|
Saudi Arabia – 1.4%
|
||
|
Al Rajhi Bank
|
66,320
|
1,164
|
|
Saudi Arabian Oil Co.
|
219,605
|
1,525
|
|
Saudi Basic Industries Corp.
|
36,200
|
497
|
|
|
|
3,186
|
|
South Africa – 5.3%
|
||
|
Bid Corp. Ltd.
|
44,603
|
1,217
|
|
Bidvest Group Ltd.
|
128,448
|
1,881
|
|
Capitec Bank Holdings Ltd.
|
2,260
|
655
|
|
FirstRand Ltd.
|
214,682
|
1,273
|
|
Gold Fields Ltd.
|
22,052
|
740
|
|
Impala Platinum Holdings Ltd.
|
45,846
|
479
|
|
MTN Group Ltd.
|
132,414
|
1,843
|
|
Standard Bank Group Ltd.
|
88,569
|
1,745
|
|
Valterra Platinum Ltd.
|
30,584
|
2,051
|
|
|
|
11,884
|
|
South Korea – 19.8%
|
||
|
APR Corp.
|
2,805
|
702
|
|
Hanwha Aerospace Co. Ltd.
|
539
|
347
|
|
HD Hyundai Electric Co. Ltd.
|
1,649
|
1,045
|
|
HD Hyundai Heavy Industries Co. Ltd.
|
2,144
|
824
|
|
Hyosung Heavy Industries Corp.
|
94
|
211
|
|
Hyundai Mobis Co. Ltd.
|
1,522
|
495
|
|
Hyundai Motor Co.
|
13,325
|
4,290
|
|
Hyundai Rotem Co. Ltd.
|
5,800
|
648
|
|
KB Financial Group, Inc.
|
3,862
|
397
|
|
NC Corp.
|
6,696
|
1,121
|
|
Samsung Electronics Co. Ltd.
|
104,073
|
22,752
|
|
Samsung Life Insurance Co. Ltd.
|
1,842
|
481
|
|
Samsung Securities Co. Ltd.
|
3,616
|
255
|
|
Shinhan Financial Group Co. Ltd.
|
5,041
|
312
|
|
SK hynix, Inc.
|
6,086
|
10,738
|
|
|
|
44,618
|
|
Taiwan – 21.7%
|
||
|
Accton Technology Corp.
|
19,600
|
1,550
|
|
ASE Technology Holding Co. Ltd.
|
88,758
|
1,917
|
|
ASPEED Technology, Inc.
|
3,660
|
1,914
|
|
Cathay Financial Holding Co. Ltd.
|
239,000
|
743
|
|
Chroma ATE, Inc.
|
3,460
|
237
|
|
Delta Electronics, Inc.
|
57,308
|
3,547
|
|
Elite Material Co. Ltd.
|
10,350
|
1,771
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.4% (1)continued
|
||
|
Taiwan – 21.7%continued
|
||
|
eMemory Technology, Inc.
|
6,697
|
$621
|
|
Fubon Financial Holding Co. Ltd.
|
189,000
|
771
|
|
Globalwafers Co. Ltd.
|
91,000
|
2,943
|
|
Hiwin Technologies Corp.
|
75,893
|
783
|
|
Hon Hai Precision Industry Co. Ltd.
|
444,296
|
3,562
|
|
Hon Precision, Inc.
|
3,280
|
678
|
|
MediaTek, Inc.
|
27,180
|
3,711
|
|
Taiwan Semiconductor Manufacturing
Co. Ltd.
|
266,392
|
20,456
|
|
Unimicron Technology Corp.
|
7,600
|
259
|
|
Wiwynn Corp.
|
2,570
|
377
|
|
Yageo Corp.
|
62,068
|
2,245
|
|
Yuanta Financial Holding Co. Ltd.
|
382,000
|
794
|
|
|
|
48,879
|
|
Thailand – 0.1%
|
||
|
Advanced Info Service PCL NVDR
|
24,800
|
275
|
|
Turkey – 1.1%
|
||
|
Aselsan Elektronik Sanayi Ve Ticaret
A.S.
|
114,788
|
849
|
|
Astor Transformator Enerji Turizm Insaat
Ve Petrol Sanayi Ticaret A.S.
|
175,095
|
1,039
|
|
Yapi ve Kredi Bankasi A.S.*
|
565,961
|
488
|
|
|
|
2,376
|
|
United Arab Emirates – 2.1%
|
||
|
Adnoc Gas PLC
|
876,362
|
821
|
|
Emaar Properties PJSC
|
1,171,500
|
3,837
|
|
|
|
4,658
|
|
United States – 0.3%
|
||
|
Tenaris S.A. ADR†
|
11,092
|
615
|
|
Total Common Stocks
|
|
|
|
(Cost $134,733)
|
|
212,618
|
|
|
|
|
|
PREFERRED STOCKS – 2.1% (1)
|
||
|
Brazil – 2.1%
|
||
|
Banco Bradesco S.A.*
|
132,600
|
464
|
|
Itau Unibanco Holding S.A., 4.30%(2)
|
94,425
|
773
|
|
Itau Unibanco Holding S.A. ADR,
4.00%(2)
|
431,512
|
3,526
|
|
|
|
4,763
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
PREFERRED STOCKS – 2.1% (1)continued
|
||
|
India – 0.0%
|
||
|
TVS Motor Co. Ltd.*
|
40,720
|
$4
|
|
Total Preferred Stocks
|
|
|
|
(Cost $2,946)
|
|
4,767
|
|
|
|
|
|
INVESTMENT COMPANIES – 4.0%
|
||
|
iShares Core S&P 500 ETF
|
3,000
|
2,247
|
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(3) (4) (5)
|
1,208,000
|
1,208
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(3) (4)
|
5,621,197
|
5,621
|
|
Total Investment Companies
|
|
|
|
(Cost $8,964)
|
|
9,076
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.60%, 10/15/26(6) (7)
|
$140
|
$138
|
|
Total Short-Term Investments
|
|
|
|
(Cost $139)
|
|
138
|
|
|
|
|
|
Total Investments – 100.6%
|
|
|
|
(Cost $146,782)
|
|
226,599
|
|
Liabilities less Other Assets – (0.6%)
|
|
(1,320
)
|
|
Net Assets – 100.0%
|
|
$225,279
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
(3)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(4)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(5)
|
Investment of cash collateral received from securities lending activities.
|
|
(6)
|
Discount rate at the time of purchase.
|
|
(7)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
Schedule of Investments
|
|
ACTIVE M EMERGING MARKETS EQUITY FUND continued
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ADR – American Depositary Receipt
|
|
|
|
ETF – Exchange-Traded Fund
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
NVDR – Non-Voting Depositary Receipt
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
MSCI
Emerging
Markets Index
(United States
Dollar)
|
54
|
$4,745
|
Long
|
9/26
|
$13
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Information Technology
|
38.3
%
|
|
Financials
|
22.0
|
|
Industrials
|
10.1
|
|
Consumer Discretionary
|
6.9
|
|
Communication Services
|
6.0
|
|
Materials
|
5.2
|
|
Consumer Staples
|
3.1
|
|
Energy
|
2.0
|
|
Health Care
|
2.0
|
|
Real Estate
|
1.7
|
|
Utilities
|
0.2
|
|
Short-Term Investments
|
3.1
|
|
Total Investments
|
100.6
|
|
Liabilities less Other Assets
|
(0.6
)
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Argentina
|
$2,574
|
$—
|
$—
|
$2,574
|
|
Australia
|
1,152
|
—
|
—
|
1,152
|
|
Brazil
|
8,105
|
—
|
—
|
8,105
|
|
China
|
1,824
|
29,973
|
—
|
31,797
|
|
Egypt
|
1,642
|
—
|
—
|
1,642
|
|
Guatemala
|
591
|
—
|
—
|
591
|
|
India
|
641
|
15,570
|
—
|
16,211
|
|
Mexico
|
10,512
|
—
|
—
|
10,512
|
|
Peru
|
8,225
|
—
|
—
|
8,225
|
|
United States
|
615
|
—
|
—
|
615
|
|
All Other Countries(1)
|
—
|
131,194
|
—
|
131,194
|
|
Total Common Stocks
|
35,881
|
176,737
|
—
|
212,618
|
|
Preferred Stocks(1)
|
4,767
|
—
|
—
|
4,767
|
|
Investment Companies
|
9,076
|
—
|
—
|
9,076
|
|
Short-Term Investments
|
—
|
138
|
—
|
138
|
|
Total Investments
|
$49,724
|
$176,875
|
$—
|
$226,599
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$13
|
$—
|
$—
|
$13
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$4,308
|
$5,736
|
$8,836
|
$1,208
|
1,208,000
|
$2
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
4,385
|
30,997
|
29,761
|
5,621
|
5,621,197
|
54
|
|
Total
|
$8,693
|
$36,733
|
$38,597
|
$6,829
|
6,829,197
|
$56
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
ACTIVE M INTERNATIONAL EQUITY FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)
|
||
|
Australia – 1.1%
|
||
|
Ansell Ltd.
|
16,481
|
$363
|
|
Aristocrat Leisure Ltd.
|
18,127
|
772
|
|
Bendigo & Adelaide Bank Ltd.
|
41,431
|
303
|
|
Charter Hall Group
|
26,606
|
423
|
|
Magellan Financial Group Ltd.
|
46,417
|
313
|
|
Medibank Pvt Ltd.
|
99,659
|
343
|
|
OceanaGold Corp.
|
33,826
|
848
|
|
Orica Ltd.
|
31,571
|
519
|
|
Paladin Energy Ltd.*
|
39,674
|
258
|
|
Ramelius Resources Ltd.
|
279,141
|
567
|
|
Rio Tinto Ltd.
|
3,952
|
471
|
|
Sandfire Resources Ltd.*
|
48,108
|
646
|
|
Suncorp Group Ltd.
|
53,176
|
710
|
|
Superloop Ltd.*
|
105,792
|
243
|
|
Ventia Services Group Pty. Ltd.
|
98,098
|
422
|
|
Whitehaven Coal Ltd.
|
47,885
|
252
|
|
|
|
7,453
|
|
Austria – 0.6%
|
||
|
ams-OSRAM A.G.*
|
13,450
|
291
|
|
BAWAG Group A.G.
|
5,242
|
1,051
|
|
DO & CO A.G.
|
992
|
246
|
|
Erste Group Bank A.G.
|
13,926
|
1,866
|
|
Mondi PLC
|
75,491
|
685
|
|
|
|
4,139
|
|
Belgium – 0.9%
|
||
|
Ageas S.A./N.V.
|
16,737
|
1,339
|
|
Anheuser-Busch InBev S.A./N.V.
|
11,260
|
928
|
|
Colruyt Group N.V
|
5,502
|
226
|
|
KBC Group N.V.
|
8,706
|
1,188
|
|
Proximus S.A.DP
|
37,001
|
248
|
|
Syensqo S.A.
|
18,977
|
1,401
|
|
Umicore S.A.
|
31,507
|
735
|
|
|
|
6,065
|
|
Brazil – 1.2%
|
||
|
Ambev S.A.
|
461,595
|
1,456
|
|
Lojas Renner S.A.*
|
245,678
|
703
|
|
Natura Cosmeticos S.A.*
|
397,944
|
668
|
|
NU Holdings Ltd., Class A*
|
212,466
|
2,838
|
|
Suzano S.A.
|
118,510
|
914
|
|
Telefonica Brasil S.A.*
|
129,166
|
850
|
|
Ultrapar Participacoes S.A.
|
94,076
|
475
|
|
|
|
7,904
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Canada – 3.9%
|
||
|
Aritzia, Inc.*
|
5,518
|
$608
|
|
Atco Ltd., Class I
|
9,282
|
485
|
|
Barrick Mining Corp.
|
25,117
|
924
|
|
Bird Construction, Inc.
|
9,494
|
433
|
|
Boardwalk Real Estate Investment Trust
|
6,754
|
308
|
|
Canadian Natural Resources Ltd.
|
69,542
|
2,752
|
|
Canadian Pacific Kansas City Ltd.
|
17,825
|
1,545
|
|
Canadian Pacific Kansas City Ltd. (New
York Exchange)
|
50,278
|
4,357
|
|
Canadian Tire Corp. Ltd., Class A
|
4,818
|
664
|
|
CES Energy Solutions Corp.
|
34,961
|
408
|
|
Colliers International Group, Inc.
|
1,765
|
166
|
|
DPM Metals, Inc.
|
33,595
|
1,091
|
|
Empire Co. Ltd., Class A
|
9,476
|
332
|
|
Enerflex Ltd.
|
26,123
|
642
|
|
Extendicare, Inc.
|
11,128
|
275
|
|
Finning International, Inc.
|
11,640
|
822
|
|
Gildan Activewear, Inc.
|
4,591
|
237
|
|
Headwater Exploration, Inc.
|
61,940
|
517
|
|
Hudbay Minerals, Inc.
|
30,754
|
726
|
|
Kinaxis, Inc.*
|
2,419
|
260
|
|
Maple Leaf Foods, Inc.
|
17,499
|
376
|
|
Methanex Corp.
|
10,074
|
465
|
|
Northland Power, Inc.
|
18,210
|
287
|
|
Nutrien Ltd.
|
16,344
|
1,029
|
|
Quebecor, Inc., Class B
|
11,397
|
544
|
|
Royal Bank of Canada
|
2,787
|
577
|
|
Stantec, Inc.
|
9,156
|
631
|
|
TC Energy Corp.
|
48,759
|
3,229
|
|
Toronto-Dominion Bank (The)
|
8,301
|
1,009
|
|
Vermilion Energy, Inc.
|
34,529
|
323
|
|
Whitecap Resources, Inc.
|
70,270
|
730
|
|
|
|
26,752
|
|
China – 1.8%
|
||
|
Alibaba Group Holding Ltd.
|
49,844
|
596
|
|
Baidu, Inc., Class A*
|
82,267
|
1,171
|
|
BOC Aviation Ltd.
|
86,500
|
900
|
|
China Mengniu Dairy Co. Ltd.
|
455,632
|
938
|
|
Contemporary Amperex Technology
Co. Ltd., Class A
|
62,374
|
3,624
|
|
DiDi Global, Inc. ADR*
|
219,248
|
734
|
|
JD.com, Inc., Class A
|
65,927
|
839
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
China – 1.8%continued
|
||
|
Nexteer Automotive Group Ltd.
|
414,000
|
$202
|
|
Tencent Holdings Ltd.
|
58,430
|
3,220
|
|
|
|
12,224
|
|
Congo, The Democ. Rep. of – 0.0%
|
||
|
Helios Towers PLC*
|
84,762
|
225
|
|
Denmark – 0.9%
|
||
|
Demant A/S* †
|
7,204
|
295
|
|
FLSmidth & Co. A/S
|
5,333
|
390
|
|
ISS A/S
|
10,011
|
410
|
|
Jyske Bank A/S (Registered)
|
3,495
|
505
|
|
Netcompany Group A/S* †
|
5,258
|
240
|
|
Novo Nordisk A/S, Class B
|
64,756
|
3,107
|
|
Royal Unibrew A/S
|
3,965
|
262
|
|
Tryg A/S
|
50,429
|
1,148
|
|
|
|
6,357
|
|
Finland – 0.6%
|
||
|
Hiab OYJ
|
4,304
|
273
|
|
Konecranes OYJ
|
19,133
|
588
|
|
Nokia OYJ
|
92,151
|
1,220
|
|
Nordea Bank Abp
|
43,023
|
815
|
|
Orion OYJ, Class B
|
3,669
|
302
|
|
Stora Enso OYJ (Registered)
|
69,102
|
737
|
|
|
|
3,935
|
|
France – 9.3%
|
||
|
Alstom S.A.*
|
229,535
|
3,994
|
|
Arkema S.A.
|
11,414
|
720
|
|
AXA S.A.
|
52,811
|
2,647
|
|
Ayvens S.A.
|
23,507
|
310
|
|
BNP Paribas S.A.
|
48,286
|
5,644
|
|
Capgemini S.E.
|
2,104
|
212
|
|
Carrefour S.A.
|
71,530
|
1,329
|
|
Cie de Saint-Gobain S.A.
|
53,462
|
4,840
|
|
Covivio S.A./France
|
6,118
|
375
|
|
Danone S.A.
|
8,334
|
683
|
|
Eiffage S.A.
|
3,509
|
518
|
|
Elis S.A.
|
15,828
|
490
|
|
Engie S.A.
|
77,302
|
2,437
|
|
Exosens SAS
|
3,559
|
232
|
|
Gaztransport Et Technigaz S.A.
|
1,948
|
413
|
|
Ipsen S.A.
|
2,521
|
486
|
|
Kering S.A.
|
21,812
|
6,202
|
|
Klepierre S.A.
|
13,496
|
564
|
|
LVMH Moet Hennessy Louis Vuitton S.E.
|
4,598
|
2,546
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
France – 9.3%continued
|
||
|
Nexans S.A.
|
1,514
|
$252
|
|
Orange S.A.
|
133,044
|
2,510
|
|
Renault S.A.
|
31,901
|
915
|
|
Safran S.A.
|
18,571
|
7,342
|
|
SCOR S.E.
|
7,091
|
257
|
|
Societe Generale S.A.
|
117,565
|
10,410
|
|
Sodexo S.A.
|
10,522
|
609
|
|
Sopra Steria Group
|
1,703
|
272
|
|
SPIE S.A.
|
10,063
|
580
|
|
TotalEnergies S.E.
|
51,345
|
3,989
|
|
Valeo S.E.
|
45,842
|
673
|
|
Vallourec S.A.CA
|
9,872
|
230
|
|
Vinci S.A.
|
5,422
|
793
|
|
Virbac S.A.CA
|
632
|
240
|
|
|
|
63,714
|
|
Germany – 7.7%
|
||
|
Aumovio S.E.*
|
13,340
|
549
|
|
BASF S.E.
|
30,967
|
1,655
|
|
Bechtle A.G.
|
5,390
|
191
|
|
Beiersdorf A.G.
|
14,251
|
1,227
|
|
Bilfinger S.E.
|
3,076
|
282
|
|
Brenntag S.E.
|
10,947
|
665
|
|
Continental A.G.
|
10,162
|
838
|
|
Daimler Truck Holding A.G.
|
56,053
|
2,703
|
|
Deutsche Bank A.G. (Registered)
|
70,417
|
2,384
|
|
Deutsche Boerse A.G.
|
9,087
|
2,480
|
|
Deutsche Lufthansa A.G. (Registered)
|
169,869
|
1,944
|
|
Deutsche Telekom A.G. (Registered)
|
114,832
|
3,130
|
|
Deutz A.G.
|
23,337
|
233
|
|
E.ON S.E.
|
17,825
|
368
|
|
Evonik Industries A.G.
|
52,443
|
952
|
|
Freenet A.G.
|
7,923
|
204
|
|
Fresenius S.E. & Co. KGaA
|
33,265
|
1,519
|
|
GEA Group A.G.
|
5,460
|
374
|
|
Infineon Technologies A.G.
|
26,062
|
2,433
|
|
Mercedes-Benz Group A.G.
|
8,886
|
446
|
|
Nordex S.E.*
|
11,683
|
617
|
|
Rational A.G.
|
341
|
250
|
|
RTL Group S.A.†
|
7,959
|
283
|
|
SAP S.E.
|
28,350
|
4,342
|
|
Scout24 S.E.
|
4,905
|
406
|
|
Siemens A.G. (Registered)
|
12,214
|
3,925
|
|
Siemens Energy A.G.
|
77,136
|
14,619
|
|
SUSS MicroTec S.E.
|
4,751
|
505
|
|
Schedule of Investments
|
|
ACTIVE M INTERNATIONAL EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Germany – 7.7%continued
|
||
|
TAG Immobilien A.G.
|
26,139
|
$421
|
|
TUI A.G.
|
32,047
|
265
|
|
Wacker Chemie A.G.*
|
5,263
|
547
|
|
Zalando S.E.*
|
58,019
|
1,681
|
|
|
|
52,438
|
|
Greece – 0.1%
|
||
|
Eurobank S.A.
|
169,400
|
810
|
|
National Bank of Greece S.A.
|
12,202
|
211
|
|
|
|
1,021
|
|
Guatemala – 0.0%
|
||
|
Millicom International Cellular S.A.
|
3,042
|
276
|
|
Hong Kong – 1.0%
|
||
|
AIA Group Ltd.
|
41,800
|
384
|
|
ASMPT Ltd.
|
10,600
|
327
|
|
CK Asset Holdings Ltd.
|
178,618
|
1,011
|
|
HKT Trust & HKT Ltd.
|
503,000
|
748
|
|
Prudential PLC
|
302,009
|
4,022
|
|
Yue Yuen Industrial Holdings Ltd.
|
254,611
|
398
|
|
|
|
6,890
|
|
India – 0.5%
|
||
|
Canara Bank
|
382,024
|
509
|
|
ICICI Bank Ltd. ADR
|
102,724
|
2,982
|
|
|
|
3,491
|
|
Indonesia – 0.2%
|
||
|
Bank Mandiri Persero Tbk PT
|
2,484,700
|
536
|
|
Bank Negara Indonesia Persero Tbk PT
|
3,733,792
|
663
|
|
|
|
1,199
|
|
Ireland – 1.1%
|
||
|
AIB Group PLC
|
134,808
|
1,608
|
|
AIB Group PLC (Irish Stock Exchange)
|
451
|
5
|
|
AIB Group PLC (London Exchange)
|
139,802
|
1,651
|
|
Bank of Ireland Group PLC
|
98,640
|
1,991
|
|
Cairn Homes PLC
|
143,728
|
406
|
|
Glanbia PLC
|
37,910
|
1,060
|
|
Kerry Group PLC, Class A
|
5,454
|
501
|
|
|
|
7,222
|
|
Israel – 0.7%
|
||
|
Bank Leumi Le-Israel B.M.
|
17,631
|
394
|
|
Nice Ltd.*
|
2,990
|
270
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Israel – 0.7%continued
|
||
|
Phoenix Financial Ltd.
|
10,137
|
$562
|
|
Teva Pharmaceutical Industries Ltd.
ADR*
|
108,210
|
3,666
|
|
|
|
4,892
|
|
Italy – 3.0%
|
||
|
Azimut Holding S.p.A.
|
11,272
|
457
|
|
Banca Generali S.p.A.
|
6,780
|
505
|
|
Banca Monte dei Paschi di Siena S.p.A.
|
73,567
|
914
|
|
BPER Banca S.p.A.
|
102,014
|
1,601
|
|
De' Longhi S.p.A.
|
7,753
|
329
|
|
Enel S.p.A.
|
190,105
|
2,184
|
|
Eni S.p.A.
|
70,710
|
1,654
|
|
Generali†
|
16,752
|
816
|
|
Iren S.p.A.
|
112,946
|
320
|
|
Lottomatica Group S.p.A.
|
44,399
|
1,233
|
|
Maire S.p.A.
|
18,535
|
304
|
|
Prysmian S.p.A.
|
8,281
|
1,391
|
|
Reply S.p.A.
|
2,277
|
238
|
|
Ryanair Holdings PLC
|
22,841
|
715
|
|
UniCredit S.p.A.
|
90,964
|
8,138
|
|
|
|
20,799
|
|
Ivory Coast – 0.1%
|
||
|
Endeavour Mining PLC
|
12,942
|
649
|
|
Japan – 12.7%
|
||
|
Advantest Corp.
|
19,200
|
3,903
|
|
Alfresa Holdings Corp.
|
25,713
|
343
|
|
Amada Co. Ltd.
|
26,700
|
493
|
|
Anritsu Corp.
|
19,600
|
538
|
|
ARCHION Corp.* †
|
68,404
|
122
|
|
Asahi Intecc Co. Ltd.
|
8,800
|
207
|
|
Azbil Corp.
|
27,200
|
290
|
|
BayCurrent, Inc.
|
8,500
|
317
|
|
BIPROGY, Inc.
|
22,900
|
602
|
|
Chiba Bank (The) Ltd.
|
118,370
|
1,800
|
|
Chugai Pharmaceutical Co. Ltd.
|
12,400
|
574
|
|
CKD Corp.
|
11,300
|
531
|
|
Credit Saison Co. Ltd.
|
18,100
|
491
|
|
CyberAgent, Inc.
|
40,100
|
342
|
|
Daiichi Sankyo Co. Ltd.
|
61,330
|
984
|
|
Dentsu Group, Inc.*
|
43,130
|
828
|
|
Eisai Co. Ltd.
|
27,406
|
693
|
|
FANUC Corp.
|
18,700
|
855
|
|
Food & Life Cos. Ltd.
|
12,000
|
359
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Japan – 12.7%continued
|
||
|
Fuji Corp.
|
12,700
|
$668
|
|
GLP J-REIT
|
382
|
323
|
|
GS Yuasa Corp.
|
14,500
|
581
|
|
H2O Retailing Corp.
|
8,600
|
151
|
|
Hakuhodo DY Holdings, Inc.
|
47,000
|
333
|
|
Hitachi Ltd.
|
28,200
|
784
|
|
Honda Motor Co. Ltd.
|
152,372
|
1,380
|
|
Horiba Ltd.
|
5,124
|
877
|
|
Ibiden Co. Ltd.
|
4,900
|
736
|
|
INFRONEER Holdings, Inc.
|
31,800
|
528
|
|
Isuzu Motors Ltd.
|
31,391
|
415
|
|
Japan Airlines Co. Ltd.
|
48,073
|
847
|
|
Japan Post Insurance Co. Ltd.
|
147,490
|
1,391
|
|
JGC Holdings Corp.
|
46,550
|
726
|
|
Kandenko Co. Ltd.
|
15,400
|
644
|
|
Kaneka Corp.
|
5,500
|
194
|
|
KDDI Corp.
|
134,700
|
2,272
|
|
Kinden Corp.
|
8,800
|
434
|
|
Koito Manufacturing Co. Ltd.
|
65,060
|
1,028
|
|
Kubota Corp.
|
104,040
|
1,742
|
|
Kuraray Co. Ltd.
|
50,550
|
519
|
|
Kyushu Electric Power Co., Inc.
|
27,600
|
279
|
|
Lion Corp.
|
8,000
|
84
|
|
Mebuki Financial Group, Inc.
|
90,400
|
795
|
|
Meidensha Corp.
|
6,000
|
366
|
|
Mitsubishi Estate Co. Ltd.
|
43,186
|
1,099
|
|
Mitsubishi Gas Chemical Co., Inc.
|
15,790
|
501
|
|
Mitsubishi Heavy Industries Ltd.
|
83,588
|
1,903
|
|
Mitsubishi UFJ Financial Group, Inc.
|
52,300
|
1,038
|
|
Mitsui E&S Co. Ltd.
|
8,500
|
217
|
|
Mitsui Fudosan Co. Ltd.
|
85,900
|
791
|
|
Mitsui Kinzoku Co. Ltd.
|
3,600
|
964
|
|
Morinaga Milk Industry Co. Ltd.
|
39,600
|
309
|
|
Nabtesco Corp.
|
9,200
|
296
|
|
Nexon Co. Ltd.
|
66,389
|
883
|
|
Nextage Co. Ltd.
|
11,500
|
290
|
|
NHK Spring Co. Ltd.
|
21,300
|
517
|
|
Nikon Corp.
|
34,266
|
481
|
|
Nintendo Co. Ltd.
|
23,527
|
988
|
|
Nippon Electric Glass Co. Ltd.
|
9,500
|
388
|
|
Nippon Shinyaku Co. Ltd.
|
7,300
|
181
|
|
Nippon Television Holdings, Inc.
|
18,392
|
316
|
|
Nissan Chemical Corp.
|
10,000
|
522
|
|
Nissan Motor Co. Ltd.*
|
232,518
|
432
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Japan – 12.7%continued
|
||
|
Nissui Corp.
|
47,500
|
$375
|
|
Nitto Boseki Co. Ltd.
|
14,500
|
393
|
|
Obic Co. Ltd.
|
20,000
|
469
|
|
Open House Group Co. Ltd.
|
20,800
|
1,084
|
|
Persol Holdings Co. Ltd.
|
399,010
|
608
|
|
Renesas Electronics Corp.
|
181,100
|
5,471
|
|
Resona Holdings, Inc.
|
157,547
|
2,055
|
|
Resorttrust, Inc.
|
22,800
|
244
|
|
Rinnai Corp.
|
22,398
|
491
|
|
Rohm Co. Ltd.†
|
59,380
|
1,989
|
|
Sankyu, Inc.
|
4,300
|
229
|
|
Santen Pharmaceutical Co. Ltd.
|
23,000
|
300
|
|
Sega Sammy Holdings, Inc.
|
44,640
|
605
|
|
Seria Co. Ltd.
|
10,400
|
233
|
|
Shizuoka Financial Group, Inc.
|
38,800
|
724
|
|
SMC Corp.
|
8,000
|
3,560
|
|
Sompo Holdings, Inc.
|
65,700
|
2,506
|
|
Sony Group Corp.
|
40,600
|
814
|
|
Stanley Electric Co. Ltd.
|
26,379
|
573
|
|
Subaru Corp.
|
46,712
|
688
|
|
Sumitomo Bakelite Co. Ltd.
|
7,600
|
353
|
|
Sumitomo Heavy Industries Ltd.
|
15,883
|
501
|
|
Sumitomo Mitsui Financial Group, Inc.
|
58,600
|
2,291
|
|
Sumitomo Mitsui Trust Group, Inc.
|
55,148
|
2,059
|
|
SWCC Corp.
|
5,300
|
449
|
|
Sysmex Corp.
|
115,540
|
1,051
|
|
T&D Holdings, Inc.
|
91,941
|
2,724
|
|
Taiheiyo Cement Corp.
|
20,291
|
496
|
|
Taiyo Yuden Co. Ltd.
|
6,000
|
760
|
|
Takeda Pharmaceutical Co. Ltd.
|
53,592
|
1,692
|
|
THK Co. Ltd.
|
12,636
|
578
|
|
Tokyo Ohka Kogyo Co. Ltd.
|
12,500
|
889
|
|
Tokyo Seimitsu Co. Ltd.
|
5,300
|
670
|
|
Tokyo Tatemono Co. Ltd.
|
14,800
|
300
|
|
Tokyu Fudosan Holdings Corp.
|
43,200
|
344
|
|
Toyo Suisan Kaisha Ltd.
|
14,900
|
953
|
|
Toyoda Gosei Co. Ltd.
|
13,600
|
432
|
|
Tsumura & Co.
|
10,100
|
231
|
|
Tsuruha Holdings, Inc.
|
70,195
|
888
|
|
UACJ Corp.
|
23,400
|
367
|
|
Yamaguchi Financial Group, Inc.
|
31,000
|
545
|
|
Yamato Holdings Co. Ltd.
|
51,640
|
584
|
|
Yokohama Rubber (The) Co. Ltd.
|
5,800
|
262
|
|
|
|
87,315
|
|
Schedule of Investments
|
|
ACTIVE M INTERNATIONAL EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Mexico – 0.3%
|
||
|
America Movil S.A.B. de C.V., Class B
|
1,472,132
|
$1,913
|
|
Netherlands – 5.9%
|
||
|
ABN AMRO Bank N.V. - CVA
|
67,956
|
2,890
|
|
Adyen N.V.*
|
797
|
744
|
|
ASM International N.V.
|
3,199
|
3,662
|
|
ASML Holding N.V.
|
1,262
|
2,503
|
|
ASML Holding N.V. (Registered)
|
4,440
|
8,833
|
|
ASR Nederland N.V.
|
6,213
|
469
|
|
BE Semiconductor Industries N.V.
|
2,288
|
751
|
|
Euronext N.V.
|
9,829
|
1,573
|
|
Heineken N.V.
|
53,012
|
4,459
|
|
ING Groep N.V.
|
141,342
|
4,472
|
|
Koninklijke Heijmans N.V. - CVA
|
3,042
|
397
|
|
Koninklijke KPN N.V.
|
124,410
|
617
|
|
Koninklijke Philips N.V.
|
186,513
|
5,068
|
|
NN Group N.V.
|
34,459
|
3,019
|
|
Randstad N.V.†
|
20,818
|
600
|
|
SBM Offshore N.V.
|
8,681
|
300
|
|
|
|
40,357
|
|
Norway – 0.1%
|
||
|
Kitron ASA
|
30,274
|
326
|
|
Salmar ASA
|
3,753
|
176
|
|
|
|
502
|
|
Pakistan – 0.0%
|
||
|
VEON Ltd. ADR*
|
4,877
|
255
|
|
Russia – 0.0%
|
||
|
Gazprom PJSC ADR(2) (3) *
|
54,380
|
—
|
|
LUKOIL PJSC ADR(2) (3) *
|
4,766
|
—
|
|
Sberbank of Russia PJSC(2) (3)
|
186,456
|
—
|
|
|
|
—
|
|
Singapore – 1.8%
|
||
|
iFAST Corp. Ltd.
|
42,900
|
294
|
|
Keppel DC REIT
|
170,900
|
297
|
|
Oversea-Chinese Banking Corp. Ltd.
|
65,300
|
1,256
|
|
SATS Ltd.
|
89,300
|
314
|
|
Sea Ltd. ADR*
|
77,913
|
7,466
|
|
Sheng Siong Group Ltd.
|
114,400
|
286
|
|
Singapore Exchange Ltd.
|
26,800
|
501
|
|
United Overseas Bank Ltd.
|
46,900
|
1,446
|
|
UOL Group Ltd.
|
52,800
|
390
|
|
|
|
12,250
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
South Africa – 0.6%
|
||
|
Anglo American PLC
|
30,288
|
$1,483
|
|
MTN Group Ltd.
|
96,777
|
1,347
|
|
Old Mutual Ltd.
|
997,851
|
817
|
|
Scatec ASA*
|
24,014
|
236
|
|
|
|
3,883
|
|
South Korea – 4.0%
|
||
|
Kolmar Korea Co. Ltd.*
|
797
|
51
|
|
Classys, Inc.
|
9,635
|
291
|
|
Coway Co. Ltd.
|
4,539
|
266
|
|
Daewoong Pharmaceutical Co. Ltd.
|
2,044
|
149
|
|
DL E&C Co. Ltd.
|
4,737
|
199
|
|
Han Kuk Carbon Co. Ltd.*
|
11,065
|
192
|
|
Hankook Tire & Technology Co. Ltd.
|
6,505
|
261
|
|
Hanwha Corp.
|
4,025
|
260
|
|
HD-Hyundai Marine Engine*
|
6,065
|
230
|
|
Hyundai Mobis Co. Ltd.
|
2,035
|
662
|
|
IsuPetasys Co. Ltd.
|
6,797
|
511
|
|
JB Financial Group Co. Ltd.
|
18,187
|
292
|
|
KB Financial Group, Inc.
|
12,820
|
1,318
|
|
KIWOOM Securities Co. Ltd.
|
1,507
|
337
|
|
KT Corp. ADR†
|
64,126
|
1,108
|
|
LEENO Industrial, Inc.
|
8,028
|
439
|
|
LG H&H Co. Ltd.
|
2,712
|
403
|
|
LG Innotek Co. Ltd.
|
1,149
|
741
|
|
LG Uplus Corp.
|
26,680
|
242
|
|
NC Corp.
|
1,452
|
243
|
|
Poongsan Corp.
|
5,583
|
232
|
|
Samsung E&A Co. Ltd.
|
16,690
|
517
|
|
Samsung Electronics Co. Ltd.
|
24,513
|
5,359
|
|
Sanil Electric Co. Ltd.
|
1,921
|
298
|
|
Shinhan Financial Group Co. Ltd.
|
34,758
|
2,154
|
|
Shinsegae, Inc.
|
917
|
449
|
|
SK hynix, Inc.
|
4,977
|
8,781
|
|
SK Telecom Co. Ltd.
|
12,851
|
736
|
|
WONIK IPS Co. Ltd.
|
4,460
|
493
|
|
Youngone Corp.
|
4,529
|
213
|
|
|
|
27,427
|
|
Spain – 0.7%
|
||
|
Amadeus IT Group S.A.
|
6,302
|
362
|
|
ATALAYA MINING COPPER S.A.
|
33,851
|
367
|
|
Bankinter S.A.
|
47,054
|
789
|
|
Indra Sistemas S.A.
|
11,918
|
655
|
|
Industria de Diseno Textil S.A.
|
15,670
|
988
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Spain – 0.7%continued
|
||
|
Logista Integral S.A.
|
6,950
|
$268
|
|
Mapfre S.A.
|
114,322
|
566
|
|
Melia Hotels International S.A.
|
20,819
|
289
|
|
Merlin Properties Socimi S.A.
|
32,442
|
569
|
|
|
|
4,853
|
|
Sweden – 1.0%
|
||
|
Asmodee Group AB, Class B*
|
21,051
|
308
|
|
Avanza Bank Holding AB
|
12,678
|
508
|
|
Bravida Holding AB
|
25,267
|
322
|
|
Hexagon AB, Class B
|
240,846
|
1,992
|
|
Loomis AB
|
1,351
|
66
|
|
NCC AB, Class B
|
9,729
|
191
|
|
SKF AB, Class B
|
53,192
|
1,366
|
|
Storskogen Group AB, Class B
|
127,013
|
112
|
|
Tele2 AB, Class B
|
34,075
|
593
|
|
Telefonaktiebolaget LM Ericsson,
Class B
|
122,490
|
1,367
|
|
Wihlborgs Fastigheter AB
|
29,351
|
228
|
|
|
|
7,053
|
|
Switzerland – 2.3%
|
||
|
ABB Ltd. (Registered)
|
11,188
|
1,214
|
|
Accelleron Industries A.G.
|
5,903
|
607
|
|
Adecco Group A.G. (Registered)
|
23,732
|
438
|
|
Avolta A.G.*
|
5,708
|
382
|
|
DKSH Holding A.G.
|
3,927
|
302
|
|
EFG International A.G.*
|
10,854
|
218
|
|
Galenica A.G.*
|
6,304
|
657
|
|
PSP Swiss Property A.G. (Registered)
|
3,038
|
542
|
|
Siegfried Holding A.G. (Registered)*
|
2,295
|
201
|
|
SIG Group A.G.*
|
20,136
|
337
|
|
Sika A.G. (Registered)
|
6,247
|
1,287
|
|
Sulzer A.G. (Registered)
|
2,762
|
458
|
|
Swatch Group (The) A.G. (Bearer)
|
5,224
|
1,278
|
|
Swissquote Group Holding S.A.
(Registered)
|
13,010
|
611
|
|
Temenos A.G. (Registered)
|
4,881
|
399
|
|
UBS Group A.G. (Registered)
|
127,670
|
6,325
|
|
Ypsomed Holding A.G. (Registered)†
|
863
|
390
|
|
|
|
15,646
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
Taiwan – 2.3%
|
||
|
Taiwan Semiconductor Manufacturing
Co. Ltd.
|
180,984
|
$13,898
|
|
Taiwan Semiconductor Manufacturing
Co. Ltd. ADR
|
3,927
|
1,875
|
|
|
|
15,773
|
|
Thailand – 0.5%
|
||
|
Bangkok Bank PCL (Registered)
|
176,613
|
954
|
|
Kasikornbank PCL (Registered)
|
169,559
|
1,113
|
|
Kasikornbank PCL NVDR
|
158,177
|
1,043
|
|
|
|
3,110
|
|
Turkey – 0.0%
|
||
|
Coca-Cola Icecek A.S.
|
76,589
|
137
|
|
United Kingdom – 17.8%
|
||
|
3i Group PLC
|
89,531
|
2,955
|
|
AstraZeneca PLC
|
49,938
|
9,342
|
|
Autotrader Group PLC
|
48,304
|
320
|
|
Babcock International Group PLC
|
33,612
|
425
|
|
BAE Systems PLC
|
300,181
|
7,344
|
|
Balfour Beatty PLC
|
52,445
|
604
|
|
Barclays PLC
|
579,926
|
3,895
|
|
Barratt Redrow PLC
|
212,710
|
794
|
|
Berkeley Group Holdings PLC*
|
22,950
|
1,066
|
|
British American Tobacco PLC
|
180,738
|
11,148
|
|
British Land (The) Co. PLC
|
198,900
|
1,092
|
|
BT Group PLC
|
596,714
|
1,505
|
|
Bunzl PLC
|
15,827
|
552
|
|
Burberry Group PLC*
|
49,941
|
704
|
|
CK Hutchison Holdings Ltd.
|
144,510
|
1,228
|
|
Compass Group PLC
|
28,971
|
936
|
|
Computacenter PLC
|
8,083
|
458
|
|
Convatec Group PLC
|
100,160
|
286
|
|
Cranswick PLC
|
4,925
|
359
|
|
Currys PLC
|
239,345
|
507
|
|
DCC PLC†
|
16,970
|
1,405
|
|
Diageo PLC
|
227,329
|
4,569
|
|
Drax Group PLC
|
32,942
|
332
|
|
easyJet PLC
|
268,904
|
1,994
|
|
Entain PLC
|
29,437
|
219
|
|
Games Workshop Group PLC
|
1,369
|
392
|
|
Genus PLC
|
6,744
|
192
|
|
GSK PLC
|
152,865
|
4,011
|
|
Harbour Energy PLC
|
115,218
|
325
|
|
Hikma Pharmaceuticals PLC
|
32,859
|
662
|
|
Howden Joinery Group PLC
|
26,660
|
296
|
|
Schedule of Investments
|
|
ACTIVE M INTERNATIONAL EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
United Kingdom – 17.8%continued
|
||
|
IG Group Holdings PLC
|
27,469
|
$659
|
|
IMI PLC
|
9,235
|
363
|
|
Inchcape PLC
|
30,008
|
307
|
|
Informa PLC
|
62,391
|
749
|
|
Investec PLC
|
38,129
|
304
|
|
J Sainsbury PLC
|
126,331
|
536
|
|
Kingfisher PLC
|
264,277
|
994
|
|
Lancashire Holdings Ltd.
|
40,373
|
346
|
|
Land Securities Group PLC
|
100,452
|
868
|
|
Lloyds Banking Group PLC
|
1,879,103
|
2,773
|
|
London Stock Exchange Group PLC
|
5,160
|
559
|
|
LondonMetric Property PLC
|
111,367
|
278
|
|
Marex Group PLC
|
9,375
|
571
|
|
Melrose Industries PLC
|
314,436
|
1,983
|
|
Mitie Group PLC
|
109,274
|
217
|
|
National Grid PLC
|
377,928
|
6,257
|
|
NatWest Group PLC
|
370,893
|
3,269
|
|
OSB Group PLC
|
42,890
|
295
|
|
Pearson PLC
|
52,873
|
840
|
|
Reckitt Benckiser Group PLC
|
99,299
|
6,474
|
|
RELX PLC
|
25,996
|
819
|
|
RELX PLC (Euronext Amsterdam)
|
67,960
|
2,142
|
|
Rolls-Royce Holdings PLC
|
741,245
|
14,232
|
|
Segro PLC
|
105,943
|
1,231
|
|
Serco Group PLC
|
72,099
|
210
|
|
Smith & Nephew PLC
|
132,174
|
1,900
|
|
Smiths Group PLC
|
34,214
|
1,163
|
|
Softcat PLC
|
13,561
|
329
|
|
SSE PLC
|
42,142
|
1,362
|
|
St. James's Place PLC
|
25,785
|
415
|
|
Standard Chartered PLC
|
185,224
|
5,020
|
|
Tate & Lyle PLC
|
48,254
|
355
|
|
Tesco PLC
|
228,166
|
1,393
|
|
TP ICAP Group PLC
|
78,466
|
352
|
|
Trainline PLC*
|
72,928
|
197
|
|
Tritax Big Box REIT PLC
|
139,014
|
298
|
|
UNITE Group (The) PLC
|
78,814
|
532
|
|
Watches of Switzerland Group PLC*
|
43,535
|
410
|
|
Weir Group (The) PLC
|
20,876
|
666
|
|
WPP PLC
|
155,725
|
484
|
|
|
|
122,069
|
|
United States – 10.4%
|
||
|
Aon PLC, Class A
|
6,107
|
2,026
|
|
Arch Capital Group Ltd.*
|
39,459
|
3,830
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.1% (1)continued
|
||
|
United States – 10.4%continued
|
||
|
BP PLC
|
385,940
|
$2,375
|
|
Buzzi S.p.A.
|
10,498
|
538
|
|
Carnival Corp. Ltd.
|
110,678
|
3,162
|
|
Ferguson Enterprises, Inc.
|
13,780
|
3,270
|
|
Haleon PLC
|
41,804
|
193
|
|
IMAX Corp.*
|
12,451
|
496
|
|
InterContinental Hotels Group PLC
|
3,986
|
688
|
|
Kiniksa Pharmaceuticals International
PLC*
|
6,308
|
403
|
|
Linde PLC
|
6,038
|
3,133
|
|
Medtronic PLC
|
35,553
|
2,781
|
|
Novartis A.G. (Registered)
|
41,288
|
6,465
|
|
Octave Intelligence PLC SDR*
|
21,068
|
340
|
|
Philip Morris International, Inc.
|
37,171
|
6,725
|
|
Roche Holding A.G.
|
11,766
|
4,843
|
|
Sanofi S.A.
|
48,364
|
4,133
|
|
Schneider Electric S.E.
|
4,564
|
1,497
|
|
Seagate Technology Holdings PLC
|
11,549
|
11,145
|
|
Shell PLC
|
129,809
|
5,028
|
|
Smurfit Westrock PLC (New York
Exchange)
|
42,317
|
1,958
|
|
Spotify Technology S.A.*
|
9,194
|
4,221
|
|
Waste Connections, Inc. (New York
Exchange)
|
12,359
|
2,060
|
|
|
|
71,310
|
|
Total Common Stocks
|
|
|
|
(Cost $467,293)
|
|
651,498
|
|
|
|
|
|
CONVERTIBLE PREFERRED STOCKS – 0.2% (1)
|
||
|
Germany – 0.2%
|
||
|
Volkswagen A.G., 7.51%(4)
|
14,238
|
1,141
|
|
Total Convertible Preferred Stocks
|
|
|
|
(Cost $1,656)
|
|
1,141
|
|
|
|
|
|
PREFERRED STOCKS – 0.4% (1)
|
||
|
Brazil – 0.2%
|
||
|
Banco Bradesco S.A. ADR*
|
508,414
|
1,764
|
|
Germany – 0.2%
|
||
|
Henkel A.G. & Co. KGaA, 2.82%(4)
|
14,340
|
1,205
|
|
Total Preferred Stocks
|
|
|
|
(Cost $2,355)
|
|
2,969
|
|
|
|
|
|
INVESTMENT COMPANIES – 3.6%
|
||
|
iShares Core MSCI EAFE ETF
|
9,535
|
921
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 3.6%continued
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(5) (6) (7)
|
1,429,257
|
$1,429
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(5) (6)
|
20,327,850
|
20,328
|
|
Vanguard FTSE Developed Markets ETF
|
27,261
|
1,942
|
|
Total Investment Companies
|
|
|
|
(Cost $24,526)
|
|
24,620
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.0%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.59%, 10/15/26(8) (9)
|
$364
|
$360
|
|
Total Short-Term Investments
|
|
|
|
(Cost $360)
|
|
360
|
|
|
|
|
|
Total Investments – 99.3%
|
|
|
|
(Cost $496,190)
|
|
680,588
|
|
Other Assets less Liabilities – 0.7%
|
|
4,642
|
|
Net Assets – 100.0%
|
|
$685,230
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Restricted security. At June 30, 2026, the value of these restricted securities
amounted to $0 or 0.0% of net assets. Additional information on these
restricted securities are as follows:
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
Gazprom PJSC ADR
|
9/27/17-12/29/21
|
$242
|
|
LUKOIL PJSC ADR
|
9/27/17-2/9/22
|
254
|
|
Sberbank of Russia PJSC
|
1/3/19-11/25/20
|
625
|
|
|
|
|
(3)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(4)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
(5)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(6)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(7)
|
Investment of cash collateral received from securities lending activities.
|
|
(8)
|
Discount rate at the time of purchase.
|
|
(9)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ADR – American Depositary Receipt
|
|
|
|
EAFE – Europe, Australasia and the Far East
|
|
|
|
ETF – Exchange-Traded Fund
|
|
|
|
FTSE – Financial Times Stock Exchange
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
NVDR – Non-Voting Depositary Receipt
|
|
|
|
SDR – Swedish Depositary Receipt
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
MSCI EAFE
Index
(United States
Dollar)
|
67
|
$10,537
|
Long
|
9/26
|
$(25
)
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Financials
|
22.3
%
|
|
Industrials
|
19.2
|
|
Information Technology
|
13.4
|
|
Consumer Discretionary
|
8.5
|
|
Health Care
|
8.2
|
|
Consumer Staples
|
7.6
|
|
Communication Services
|
4.8
|
|
Materials
|
4.7
|
|
Energy
|
3.4
|
|
Utilities
|
2.2
|
|
Real Estate
|
1.8
|
|
Short-Term Investments
|
3.2
|
|
Total Investments
|
99.3
|
|
Other Assets less Liabilities
|
0.7
|
|
Net Assets
|
100.0
%
|
|
Schedule of Investments
|
|
ACTIVE M INTERNATIONAL EQUITY FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Australia
|
$848
|
$6,605
|
$—
|
$7,453
|
|
Brazil
|
7,904
|
—
|
—
|
7,904
|
|
Canada
|
26,752
|
—
|
—
|
26,752
|
|
China
|
734
|
11,490
|
—
|
12,224
|
|
Guatemala
|
276
|
—
|
—
|
276
|
|
India
|
2,982
|
509
|
—
|
3,491
|
|
Ireland
|
1,608
|
5,614
|
—
|
7,222
|
|
Israel
|
3,666
|
1,226
|
—
|
4,892
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Ivory Coast
|
$649
|
$—
|
$—
|
$649
|
|
Mexico
|
1,913
|
—
|
—
|
1,913
|
|
Netherlands
|
8,833
|
31,524
|
—
|
40,357
|
|
Pakistan
|
255
|
—
|
—
|
255
|
|
Singapore
|
7,466
|
4,784
|
—
|
12,250
|
|
South Korea
|
1,159
|
26,268
|
—
|
27,427
|
|
Taiwan
|
1,875
|
13,898
|
—
|
15,773
|
|
United Kingdom
|
571
|
121,498
|
—
|
122,069
|
|
United States
|
45,550
|
25,760
|
—
|
71,310
|
|
All Other Countries(1)
|
—
|
289,281
|
—
|
289,281
|
|
Total Common Stocks
|
113,041
|
538,457
|
—
|
651,498
|
|
Convertible Preferred Stocks
|
—
|
1,141
|
—
|
1,141
|
|
Preferred Stocks:
|
|
|
|
|
|
Brazil
|
1,764
|
—
|
—
|
1,764
|
|
Germany
|
—
|
1,205
|
—
|
1,205
|
|
Total Preferred Stocks
|
1,764
|
1,205
|
—
|
2,969
|
|
Investment Companies
|
24,620
|
—
|
—
|
24,620
|
|
Short-Term Investments
|
—
|
360
|
—
|
360
|
|
Total Investments
|
$139,425
|
$541,163
|
$—
|
$680,588
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts
|
$(25
)
|
$—
|
$—
|
$(25
)
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$30
|
$3,384
|
$1,985
|
$1,429
|
1,429,257
|
$1
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
18,856
|
50,077
|
48,605
|
20,328
|
20,327,850
|
213
|
|
Total
|
$18,886
|
$53,461
|
$50,590
|
$21,757
|
21,757,107
|
$214
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)
|
||
|
Australia – 0.3%
|
||
|
Anglogold Ashanti PLC
|
121,384
|
$9,815
|
|
Brazil – 2.6%
|
||
|
Ambev S.A.
|
1,054,660
|
3,326
|
|
Axia Energia S.A.
|
309,425
|
3,259
|
|
B3 S.A. - Brasil Bolsa Balcao*
|
1,220,395
|
3,433
|
|
Banco Bradesco S.A.*
|
333,377
|
1,016
|
|
Banco BTG Pactual S.A.*
|
286,900
|
3,021
|
|
Banco do Brasil S.A.*
|
403,188
|
1,558
|
|
BB Seguridade Participacoes S.A.
|
140,501
|
1,064
|
|
Caixa Seguridade Participacoes S/A
|
132,200
|
506
|
|
Cia de Saneamento Basico do Estado
de Sao Paulo S.A.B.ESP*
|
597,485
|
3,439
|
|
Cia Paranaense de Energia - Copel
|
472,500
|
1,377
|
|
CPFL Energia S.A.
|
50,400
|
436
|
|
Embraer S.A.
|
159,800
|
2,537
|
|
Energisa S/A
|
69,630
|
648
|
|
Eneva S.A.*
|
224,700
|
1,164
|
|
Engie Brasil Energia S.A.
|
68,945
|
462
|
|
Equatorial S.A.*
|
267,155
|
2,018
|
|
Itau Unibanco Holding S.A.
|
118,200
|
1,014
|
|
Klabin S.A.
|
205,711
|
668
|
|
Localiza Rent a Car S.A.*
|
198,984
|
1,605
|
|
MBRF Global Foods Co. S.A.
|
149,646
|
510
|
|
Motiva Infraestrutura de Mobilidade
S.A.
|
202,500
|
573
|
|
NU Holdings Ltd., Class A*
|
877,140
|
11,719
|
|
Petroleo Brasileiro S.A. - Petrobras
|
899,934
|
7,266
|
|
Porto Seguro S.A.*
|
48,400
|
496
|
|
PRIO S.A.*
|
202,000
|
2,045
|
|
Raia Drogasil S.A.
|
300,127
|
975
|
|
Rede D'Or Sao Luiz S.A.*
|
158,700
|
1,066
|
|
Rumo S.A.
|
275,394
|
715
|
|
StoneCo Ltd., Class A
|
40,610
|
440
|
|
Suzano S.A.
|
146,585
|
1,130
|
|
Telefonica Brasil S.A.*
|
173,280
|
1,141
|
|
TIM S.A.*
|
194,300
|
827
|
|
Ultrapar Participacoes S.A.
|
172,948
|
873
|
|
Vale S.A.
|
856,013
|
12,922
|
|
Vibra Energia S.A.*
|
255,565
|
1,477
|
|
WEG S.A.
|
357,848
|
3,252
|
|
XP, Inc., Class A
|
93,745
|
1,524
|
|
|
|
81,502
|
|
Chile – 0.4%
|
||
|
Banco de Chile
|
10,987,798
|
2,151
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Chile – 0.4%continued
|
||
|
Banco de Credito e Inversiones S.A.
|
18,976
|
$1,247
|
|
Banco Santander Chile
|
15,654,755
|
1,282
|
|
Cencosud S.A.
|
300,669
|
695
|
|
Empresas Copec S.A.
|
88,176
|
550
|
|
Enel Chile S.A.
|
5,094,720
|
448
|
|
Falabella S.A.
|
184,411
|
1,151
|
|
Latam Airlines Group S.A.
|
84,152,046
|
2,447
|
|
Plaza S.A.
|
182,002
|
750
|
|
|
|
10,721
|
|
China – 18.3%
|
||
|
360 Security Technology, Inc., Class A
|
89,800
|
116
|
|
37 Interactive Entertainment Network
Technology Group Co. Ltd., Class A
|
41,800
|
117
|
|
3SBio, Inc.*
|
453,000
|
981
|
|
AAC Technologies Holdings, Inc.
|
202,000
|
1,114
|
|
Accelink Technologies Co. Ltd.,
Class A*
|
11,600
|
448
|
|
ACM Research Shanghai, Inc., Class A
|
3,200
|
206
|
|
Advanced Fiber Resources Zhuhai Ltd.,
Class A
|
3,900
|
222
|
|
Advanced Micro-Fabrication
Equipment, Inc. China, Class A
|
14,599
|
1,024
|
|
AECC Aviation Power Co. Ltd., Class A
|
36,300
|
206
|
|
Agricultural Bank of China Ltd., Class A
|
1,232,100
|
1,101
|
|
Agricultural Bank of China Ltd., Class H
|
6,427,367
|
4,385
|
|
Aier Eye Hospital Group Co. Ltd.,
Class A
|
124,676
|
152
|
|
Air China Ltd., Class A*
|
201,200
|
181
|
|
Airtac International Group
|
33,765
|
1,424
|
|
Akeso, Inc.*
|
151,000
|
1,702
|
|
Alibaba Group Holding Ltd.
|
4,031,080
|
48,159
|
|
Alibaba Health Information Technology
Ltd.* †
|
1,154,000
|
455
|
|
Aluminum Corp. of China Ltd., Class A
|
170,300
|
206
|
|
Aluminum Corp. of China Ltd., Class H
|
923,435
|
882
|
|
Amlogic Shanghai Co. Ltd., Class A
|
6,175
|
94
|
|
Angel Yeast Co. Ltd., Class A
|
9,100
|
49
|
|
Anhui Conch Cement Co. Ltd., Class A
|
26,200
|
66
|
|
Anhui Conch Cement Co. Ltd., Class H
|
283,575
|
608
|
|
Anhui Gujing Distillery Co. Ltd., Class A
|
5,400
|
63
|
|
Anhui Jianghuai Automobile Group
Corp. Ltd., Class A*
|
31,500
|
120
|
|
Anji Microelectronics Technology
Shanghai Co. Ltd., Class A
|
3,487
|
177
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Anker Innovations Technology Co. Ltd.,
Class A
|
10,130
|
$156
|
|
ANTA Sports Products Ltd.
|
302,032
|
2,744
|
|
APT Medical, Inc., Class A
|
2,900
|
78
|
|
Avary Holding Shenzhen Co. Ltd.,
Class A
|
27,900
|
437
|
|
BAIC BluePark New Energy Technology
Co. Ltd., Class A*
|
190,800
|
137
|
|
Baidu, Inc., Class A*
|
502,682
|
7,158
|
|
Baiyin Nonferrous Group Co. Ltd.,
Class A
|
115,400
|
86
|
|
Bank of Beijing Co. Ltd., Class A
|
267,900
|
193
|
|
Bank of Changsha Co. Ltd., Class A
|
50,200
|
64
|
|
Bank of Chengdu Co. Ltd., Class A
|
57,700
|
151
|
|
Bank of China Ltd., Class A
|
619,900
|
522
|
|
Bank of China Ltd., Class H
|
16,154,652
|
10,298
|
|
Bank of Communications Co. Ltd.,
Class A
|
777,900
|
737
|
|
Bank of Communications Co. Ltd.,
Class H
|
1,957,117
|
1,684
|
|
Bank of Hangzhou Co. Ltd., Class A
|
124,920
|
266
|
|
Bank of Jiangsu Co. Ltd., Class A
|
237,044
|
377
|
|
Bank of Nanjing Co. Ltd., Class A
|
178,096
|
260
|
|
Bank of Ningbo Co. Ltd., Class A
|
103,450
|
453
|
|
Bank of Shanghai Co. Ltd., Class A
|
215,871
|
276
|
|
Bank of Suzhou Co. Ltd., Class A
|
106,900
|
110
|
|
Baoshan Iron & Steel Co. Ltd., Class A
|
357,196
|
286
|
|
Beijing Compass Technology
Development Co. Ltd., Class A
|
7,400
|
100
|
|
Beijing Enlight Media Co. Ltd., Class A
|
36,500
|
60
|
|
Beijing Enterprises Holdings Ltd.
|
109,771
|
377
|
|
Beijing Kingsoft Office Software, Inc.,
Class A
|
4,589
|
146
|
|
Beijing New Building Materials PLC,
Class A
|
19,900
|
53
|
|
Beijing Tong Ren Tang Co. Ltd., Class A
|
17,800
|
61
|
|
Beijing Wantai Biological Pharmacy
Enterprise Co. Ltd., Class A*
|
11,158
|
44
|
|
Beijing-Shanghai High Speed Railway
Co. Ltd., Class A
|
756,700
|
505
|
|
Bilibili, Inc., Class Z*
|
58,811
|
999
|
|
Biwin Storage Technology Co. Ltd.,
Class A
|
7,202
|
541
|
|
Bluefocus Intelligent Communications
Group Co. Ltd., Class A
|
55,400
|
113
|
|
BOC Aviation Ltd.
|
45,000
|
468
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
BOC International China Co. Ltd.,
Class A
|
28,600
|
$53
|
|
BOE Technology Group Co. Ltd.,
Class A
|
456,200
|
587
|
|
Bosideng International Holdings Ltd.
|
1,256,000
|
687
|
|
BYD Co. Ltd., Class A
|
83,700
|
983
|
|
BYD Co. Ltd., Class H
|
883,596
|
8,183
|
|
BYD Electronic International Co. Ltd.†
|
195,500
|
525
|
|
C&D International Investment Group
Ltd.
|
227,650
|
393
|
|
Caitong Securities Co. Ltd., Class A
|
58,910
|
75
|
|
Cambricon Technologies Corp. Ltd.,
Class A
|
9,039
|
2,141
|
|
Canmax Technologies Co. Ltd.,
Class A*
|
13,600
|
188
|
|
CCOOP Group Co. Ltd., Class A*
|
289,800
|
57
|
|
CGN Power Co. Ltd., Class H
|
2,623,000
|
897
|
|
Changchun High-Tech Industry Group
Co. Ltd., Class A
|
5,100
|
50
|
|
Changjiang Securities Co. Ltd., Class A
|
97,000
|
140
|
|
Changzhou Xingyu Automotive Lighting
Systems Co. Ltd., Class A
|
4,000
|
54
|
|
Chaozhou Three-Circle Group Co. Ltd.,
Class A
|
27,200
|
677
|
|
Chengtun Mining Group Co. Ltd.,
Class A
|
59,000
|
96
|
|
Chifeng Jilong Gold Mining Group Ltd.,
Class A
|
25,500
|
99
|
|
China CITIC Bank Corp. Ltd., Class A
|
141,900
|
145
|
|
China CITIC Bank Corp. Ltd., Class H
|
1,922,286
|
1,632
|
|
China Coal Energy Co. Ltd., Class H
|
474,000
|
593
|
|
China Construction Bank Corp., Class A
|
276,600
|
392
|
|
China Construction Bank Corp.,
Class H
|
20,330,693
|
20,948
|
|
China CSSC Holdings Ltd., Class A
|
116,300
|
581
|
|
China Eastern Airlines Corp. Ltd.,
Class A*
|
277,400
|
157
|
|
China Energy Engineering Corp. Ltd.,
Class A
|
430,300
|
170
|
|
China Everbright Bank Co. Ltd., Class A
|
665,900
|
284
|
|
China Feihe Ltd.
|
576,000
|
206
|
|
China Galaxy Securities Co. Ltd.,
Class A
|
101,300
|
188
|
|
China Galaxy Securities Co. Ltd.,
Class H
|
846,500
|
798
|
|
China Gas Holdings Ltd.
|
624,095
|
413
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
China Gold International Resources
Corp. Ltd.
|
55,000
|
$862
|
|
China Great Wall Securities Co. Ltd.,
Class A
|
59,100
|
73
|
|
China Greatwall Technology Group
Co. Ltd., Class A*
|
51,600
|
148
|
|
China Hongqiao Group Ltd.
|
750,000
|
1,925
|
|
China Huishan Dairy Holdings Co.
Ltd.(2) *
|
1,922,380
|
—
|
|
China International Capital Corp. Ltd.,
Class A
|
49,000
|
262
|
|
China International Capital Corp. Ltd.,
Class H
|
435,200
|
1,170
|
|
China Jushi Co. Ltd., Class A
|
52,822
|
573
|
|
China Life Insurance Co. Ltd., Class A
|
35,600
|
185
|
|
China Life Insurance Co. Ltd., Class H
|
1,784,544
|
6,105
|
|
China Longyuan Power Group Corp.
Ltd., Class H†
|
557,473
|
356
|
|
China Mengniu Dairy Co. Ltd.
|
676,870
|
1,393
|
|
China Merchants Bank Co. Ltd., Class A
|
309,179
|
1,617
|
|
China Merchants Bank Co. Ltd.,
Class H
|
913,433
|
5,243
|
|
China Merchants Energy Shipping Co.
Ltd., Class A
|
109,700
|
284
|
|
China Merchants Expressway Network
& Technology Holdings Co. Ltd.,
Class A
|
84,400
|
114
|
|
China Merchants Port Holdings Co. Ltd.
|
284,067
|
449
|
|
China Merchants Securities Co. Ltd.,
Class A
|
127,910
|
399
|
|
China Merchants Shekou Industrial
Zone Holdings Co. Ltd., Class A
|
152,700
|
145
|
|
China Minsheng Banking Corp. Ltd.,
Class A
|
466,840
|
222
|
|
China Minsheng Banking Corp. Ltd.,
Class H
|
1,573,654
|
631
|
|
China National Building Material Co.
Ltd., Class H
|
839,943
|
576
|
|
China National Chemical Engineering
Co. Ltd., Class A
|
73,800
|
80
|
|
China National Nuclear Power Co.
Ltd., Class A
|
271,098
|
361
|
|
China National Software & Service Co.
Ltd., Class A*
|
10,400
|
43
|
|
China Nonferrous Mining Corp. Ltd.
|
313,000
|
448
|
|
China Northern Rare Earth Group
High-Tech Co. Ltd., Class A
|
46,100
|
328
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
China Oilfield Services Ltd., Class H
|
416,757
|
$331
|
|
China Overseas Land & Investment Ltd.
|
960,195
|
1,484
|
|
China Pacific Insurance Group Co. Ltd.,
Class A
|
101,100
|
425
|
|
China Pacific Insurance Group Co. Ltd.,
Class H
|
639,337
|
2,198
|
|
China Petroleum & Chemical Corp.,
Class A
|
516,100
|
337
|
|
China Petroleum & Chemical Corp.,
Class H
|
5,392,628
|
2,753
|
|
China Power International Development
Ltd.
|
960,000
|
336
|
|
China Railway Group Ltd., Class A
|
257,500
|
159
|
|
China Railway Group Ltd., Class H
|
1,026,827
|
435
|
|
China Rare Earth Resources And
Technology Co. Ltd., Class A*
|
14,300
|
117
|
|
China Resources Beer Holdings Co. Ltd.
|
425,948
|
1,158
|
|
China Resources Gas Group Ltd.
|
231,058
|
432
|
|
China Resources Land Ltd.
|
719,432
|
2,762
|
|
China Resources Microelectronics Ltd.,
Class A
|
23,419
|
342
|
|
China Resources Mixc Lifestyle Services
Ltd.
|
178,800
|
839
|
|
China Resources Power Holdings Co.
Ltd.
|
511,735
|
1,107
|
|
China Resources Sanjiu Medical &
Pharmaceutical Co. Ltd., Class A
|
24,843
|
82
|
|
China Ruyi Holdings Ltd.* †
|
2,960,000
|
564
|
|
China Shenhua Energy Co. Ltd.,
Class A
|
89,300
|
512
|
|
China Shenhua Energy Co. Ltd.,
Class H
|
816,136
|
4,174
|
|
China Southern Airlines Co. Ltd.,
Class A*
|
149,900
|
115
|
|
China State Construction Engineering
Corp. Ltd., Class A
|
534,280
|
342
|
|
China Taiping Insurance Holdings Co.
Ltd.
|
350,704
|
810
|
|
China Three Gorges Renewables
Group Co. Ltd., Class A
|
426,400
|
233
|
|
China Tourism Group Duty Free Corp.
Ltd., Class A
|
29,400
|
233
|
|
China Tower Corp. Ltd., Class H
|
1,025,800
|
1,155
|
|
China Tungsten And Hightech Materials
Co. Ltd., Class A
|
34,400
|
488
|
|
China United Network Communications
Ltd., Class A
|
436,900
|
258
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
China Vanke Co. Ltd., Class A*
|
202,600
|
$89
|
|
China XD Electric Co. Ltd., Class A
|
84,400
|
187
|
|
China Yangtze Power Co. Ltd., Class A
|
342,100
|
1,335
|
|
China Zheshang Bank Co. Ltd., Class A
|
252,330
|
98
|
|
Chongqing Afari Technology Co. Ltd.,
Class A*
|
65,200
|
79
|
|
Chongqing Changan Automobile Co.
Ltd., Class A
|
104,368
|
110
|
|
Chongqing Rural Commercial Bank Co.
Ltd., Class A
|
121,400
|
109
|
|
Chongqing Rural Commercial Bank Co.
Ltd., Class H
|
577,000
|
425
|
|
Chongqing Zhifei Biological Products
Co. Ltd., Class A*
|
51,050
|
88
|
|
Chow Tai Fook Jewellery Group Ltd.
|
377,600
|
527
|
|
CICT Mobile Communication
Technology Co. Ltd., Class A*
|
56,703
|
167
|
|
CITIC Ltd.
|
1,065,803
|
1,449
|
|
Citic Pacific Special Steel Group Co.
Ltd., Class A
|
70,300
|
131
|
|
CITIC Securities Co. Ltd., Class A
|
166,045
|
703
|
|
CITIC Securities Co. Ltd., Class H
|
384,900
|
1,344
|
|
CMOC Group Ltd., Class A
|
270,400
|
704
|
|
CMOC Group Ltd., Class H
|
885,000
|
1,728
|
|
CNGR Advanced Material Co. Ltd.,
Class A
|
10,502
|
68
|
|
CNPC Capital Co. Ltd., Class A
|
123,100
|
120
|
|
Contemporary Amperex Technology
Co. Ltd., Class A
|
64,540
|
3,752
|
|
Contemporary Amperex Technology
Co. Ltd., Class H
|
41,900
|
3,771
|
|
COSCO SHIPPING Energy
Transportation Co. Ltd., Class A
|
75,500
|
200
|
|
COSCO SHIPPING Energy
Transportation Co. Ltd., Class H
|
280,000
|
497
|
|
COSCO SHIPPING Holdings Co. Ltd.,
Class A
|
165,880
|
324
|
|
COSCO SHIPPING Holdings Co. Ltd.,
Class H
|
615,650
|
1,022
|
|
CRRC Corp. Ltd., Class A
|
358,200
|
275
|
|
CRRC Corp. Ltd., Class H
|
872,000
|
500
|
|
CSC Financial Co. Ltd., Class A
|
53,600
|
230
|
|
CSI Solar Co. Ltd., Class A
|
44,662
|
71
|
|
CSPC Innovation Pharmaceutical Co.
Ltd., Class A*
|
15,120
|
61
|
|
CSPC Pharmaceutical Group Ltd.
|
1,949,360
|
1,740
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Dajin Heavy Industry Co. Ltd., Class A
|
10,100
|
$87
|
|
Daqin Railway Co. Ltd., Class A
|
294,900
|
200
|
|
Datang International Power Generation
Co. Ltd., Class A
|
170,500
|
178
|
|
Dazhong Mining Co. Ltd., Class A
|
24,400
|
108
|
|
Delton Technology Guangzhou, Inc.,
Class A*
|
5,800
|
205
|
|
Dongfang Electric Corp. Ltd., Class A
|
51,700
|
221
|
|
Dongxing Securities Co. Ltd., Class A
|
50,400
|
101
|
|
Dosilicon Co. Ltd., Class A*
|
6,957
|
211
|
|
East Money Information Co. Ltd.,
Class A
|
238,724
|
719
|
|
Eastroc Beverage Group Co. Ltd.,
Class A
|
9,516
|
173
|
|
Ecovacs Robotics Co. Ltd., Class A
|
8,100
|
61
|
|
Empyrean Technology Co. Ltd., Class A
|
6,300
|
112
|
|
ENN Energy Holdings Ltd.
|
167,679
|
866
|
|
ENN Natural Gas Co. Ltd., Class A
|
31,600
|
73
|
|
Eoptolink Technology, Inc. Ltd., Class A
|
20,328
|
1,835
|
|
Eve Energy Co. Ltd., Class A
|
27,496
|
264
|
|
Everbright Securities Co. Ltd., Class A
|
49,998
|
107
|
|
EverProX Technologies Co. Ltd., Class A
|
4,300
|
178
|
|
Far East Horizon Ltd.
|
422,000
|
289
|
|
Fiberhome Telecommunication
Technologies Co. Ltd., Class A
|
21,200
|
232
|
|
Focus Media Information Technology
Co. Ltd., Class A
|
208,900
|
149
|
|
Foshan Haitian Flavouring & Food Co.
Ltd., Class A
|
61,158
|
299
|
|
Founder Securities Co. Ltd., Class A
|
131,800
|
140
|
|
Founder Technology Group Corp.,
Class A*
|
67,800
|
139
|
|
Foxconn Industrial Internet Co. Ltd.,
Class A
|
153,500
|
1,662
|
|
Full Truck Alliance Co. Ltd. ADR
|
182,584
|
1,483
|
|
Fuyao Glass Industry Group Co. Ltd.,
Class A
|
33,692
|
251
|
|
Fuyao Glass Industry Group Co. Ltd.,
Class H
|
138,800
|
909
|
|
Ganfeng Lithium Group Co. Ltd.,
Class A
|
22,240
|
215
|
|
Ganfeng Lithium Group Co. Ltd.,
Class H
|
118,800
|
766
|
|
GCL Technology Holdings Ltd.*
|
4,581,000
|
408
|
|
GD Power Development Co. Ltd.,
Class A
|
242,200
|
167
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
GDS Holdings Ltd., Class A*
|
268,000
|
$988
|
|
Geely Automobile Holdings Ltd.
|
1,588,641
|
3,425
|
|
GEM Co. Ltd., Class A
|
61,100
|
60
|
|
Genscript Biotech Corp.*
|
304,000
|
477
|
|
Geovis Technology Co. Ltd., Class A
|
13,496
|
83
|
|
GF Securities Co. Ltd., Class A
|
96,993
|
335
|
|
GF Securities Co. Ltd., Class H
|
259,000
|
564
|
|
Giant Biogene Holding Co. Ltd.†
|
86,800
|
294
|
|
Giant Network Group Co. Ltd., Class A
|
24,900
|
102
|
|
GigaDevice Semiconductor, Inc.,
Class A
|
8,880
|
1,093
|
|
GoerTek, Inc., Class A
|
41,300
|
139
|
|
Goldwind Science & Technology Co.
Ltd., Class A
|
42,100
|
149
|
|
Gotion High-tech Co. Ltd., Class A
|
24,200
|
98
|
|
Great Wall Motor Co. Ltd., Class H
|
567,796
|
639
|
|
Gree Electric Appliances, Inc. of
Zhuhai, Class A
|
38,800
|
215
|
|
Guangdong Haid Group Co. Ltd.,
Class A
|
22,400
|
147
|
|
Guangdong HEC Technology Holding
Co. Ltd., Class A*
|
41,100
|
205
|
|
Guangdong Investment Ltd.
|
638,514
|
633
|
|
Guangzhou Automobile Group Co.
Ltd., Class A*
|
68,100
|
51
|
|
Guangzhou Haige Communications
Group, Inc. Co., Class A
|
39,500
|
75
|
|
Guangzhou Tinci Materials Technology
Co. Ltd., Class A
|
27,780
|
211
|
|
Guobo Electronics Co. Ltd., Class A
|
6,383
|
99
|
|
Guocheng Mining Co. Ltd., Class A
|
20,100
|
102
|
|
Guolian Minsheng Securities Co. Ltd.,
Class A
|
87,500
|
114
|
|
Guosen Securities Co. Ltd., Class A
|
81,200
|
120
|
|
Guotai Haitong Securities Co. Ltd.
|
217,638
|
585
|
|
Guotai Haitong Securities Co. Ltd.,
Class H
|
547,348
|
1,039
|
|
Guoyuan Securities Co. Ltd., Class A
|
47,460
|
53
|
|
H World Group Ltd. ADR
|
46,376
|
1,935
|
|
Haidilao International Holding Ltd.
|
372,000
|
505
|
|
Haier Smart Home Co. Ltd., Class A
|
94,797
|
286
|
|
Haier Smart Home Co. Ltd., Class H
|
525,800
|
1,345
|
|
Hainan Airlines Holding Co. Ltd.,
Class A*
|
575,800
|
115
|
|
Hainan Airport Infrastructure Co. Ltd.,
Class A
|
122,100
|
49
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Haisco Pharmaceutical Group Co. Ltd.,
Class A
|
12,400
|
$121
|
|
Haitian International Holdings Ltd.
|
166,000
|
398
|
|
Hangzhou Chang Chuan Technology
Co. Ltd., Class A
|
8,800
|
447
|
|
Hangzhou First Applied Material Co.
Ltd., Class A
|
34,659
|
86
|
|
Hangzhou Silan Microelectronics Co.
Ltd., Class A
|
17,200
|
141
|
|
Hangzhou Tigermed Consulting Co.
Ltd., Class A
|
6,500
|
46
|
|
Hansoh Pharmaceutical Group Co. Ltd.
|
300,000
|
1,135
|
|
Hebei Changshan Biochemical
Pharmaceutical Co. Ltd., Class A*
|
14,600
|
50
|
|
Henan Shenhuo Coal Industry &
Electricity Power Co. Ltd., Class A
|
34,200
|
107
|
|
Henan Shijia Photons Technology Co.
Ltd., Class A
|
7,800
|
215
|
|
Henan Shuanghui Investment &
Development Co. Ltd., Class A
|
47,600
|
157
|
|
Hengan International Group Co. Ltd.
|
149,398
|
415
|
|
Hengli Petrochemical Co. Ltd., Class A
|
104,160
|
272
|
|
Hengtong Optic-electric Co. Ltd.,
Class A
|
37,800
|
615
|
|
Hesai Group* †
|
29,260
|
524
|
|
Hgtech Co. Ltd., Class A
|
16,000
|
442
|
|
Hithink RoyalFlush Information Network
Co. Ltd., Class A
|
10,920
|
389
|
|
Horizon Robotics*
|
1,084,800
|
568
|
|
Hoshine Silicon Industry Co. Ltd.,
Class A
|
10,900
|
78
|
|
Hua Hong Grace Semiconductor Ltd.*
|
176,000
|
4,905
|
|
Hua Hong Grace Semiconductor Ltd.,
Class A*
|
5,911
|
299
|
|
Huadian Power International Corp. Ltd.,
Class A
|
212,400
|
140
|
|
Huadong Medicine Co. Ltd., Class A
|
22,720
|
94
|
|
Huafon Chemical Co. Ltd., Class A
|
50,400
|
71
|
|
Huaneng Power International, Inc.,
Class A
|
164,000
|
183
|
|
Huaneng Power International, Inc.,
Class H
|
1,024,501
|
714
|
|
Huaqin Co. Ltd., Class A
|
15,400
|
171
|
|
Huatai Securities Co. Ltd., Class A
|
104,200
|
318
|
|
Huatai Securities Co. Ltd., Class H
|
293,000
|
626
|
|
Huaxia Bank Co. Ltd., Class A
|
156,390
|
147
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Huayu Automotive Systems Co. Ltd.,
Class A
|
42,200
|
$96
|
|
Hubei Feilihua Quartz Glass Co. Ltd.,
Class A*
|
8,300
|
165
|
|
Huizhou Desay Sv Automotive Co. Ltd.,
Class A
|
9,400
|
113
|
|
Hunan Valin Steel Co. Ltd., Class A
|
101,900
|
52
|
|
Hunan Yuneng New Energy Battery
Material Co. Ltd., Class A
|
13,700
|
154
|
|
Hundsun Technologies, Inc., Class A
|
26,145
|
82
|
|
Hwatsing Technology Co. Ltd., Class A
|
5,300
|
254
|
|
Hygon Information Technology Co. Ltd.,
Class A
|
32,332
|
1,791
|
|
IEIT Systems Co. Ltd., Class A
|
17,856
|
187
|
|
Iflytek Co. Ltd., Class A
|
37,000
|
224
|
|
Imeik Technology Development Co.
Ltd., Class A
|
4,200
|
54
|
|
Industrial & Commercial Bank of China
Ltd., Class A
|
890,400
|
927
|
|
Industrial & Commercial Bank of China
Ltd., Class H
|
15,694,023
|
12,879
|
|
Industrial Bank Co. Ltd., Class A
|
307,100
|
749
|
|
Industrial Securities Co. Ltd., Class A
|
126,400
|
113
|
|
Ingenic Semiconductor Co. Ltd., Class A
|
8,100
|
300
|
|
Inner Mongolia BaoTou Steel Union
Co. Ltd., Class A*
|
580,400
|
191
|
|
Inner Mongolia Dian Tou Energy Corp.
Ltd., Class A
|
29,200
|
99
|
|
Inner Mongolia Junzheng Energy &
Chemical Industry Group Co. Ltd.,
Class A
|
159,200
|
105
|
|
Inner Mongolia Xingye Silver&Tin
Mining Co. Ltd., Class A
|
24,100
|
118
|
|
Inner Mongolia Yili Industrial Group
Co. Ltd., Class A
|
101,300
|
358
|
|
Inner Mongolia Yitai Coal Co. Ltd.,
Class B
|
206,900
|
546
|
|
Innovent Biologics, Inc.*
|
343,500
|
3,501
|
|
Isoftstone Information Technology
Group Co. Ltd., Class A
|
31,500
|
198
|
|
J&T Global Express Ltd.*
|
565,200
|
604
|
|
JA Solar Technology Co. Ltd., Class A*
|
41,916
|
50
|
|
JCET Group Co. Ltd., Class A
|
21,700
|
337
|
|
JD Health International, Inc.*
|
240,550
|
1,013
|
|
JD Logistics, Inc.*
|
428,100
|
643
|
|
JD.com, Inc., Class A
|
545,816
|
6,946
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Jiangsu Eastern Shenghong Co. Ltd.,
Class A*
|
89,900
|
$152
|
|
Jiangsu Etern Co. Ltd., Class A
|
21,400
|
215
|
|
Jiangsu Hengli Hydraulic Co. Ltd.,
Class A
|
16,468
|
263
|
|
Jiangsu Hengrui Pharmaceuticals Co.
Ltd., Class A
|
93,385
|
718
|
|
Jiangsu Yanghe Distillery Co. Ltd.,
Class A
|
24,500
|
138
|
|
Jiangsu Zhongtian Technology Co. Ltd.,
Class A
|
40,200
|
363
|
|
Jiangxi Copper Co. Ltd., Class A
|
33,099
|
213
|
|
Jiangxi Copper Co. Ltd., Class H
|
250,000
|
993
|
|
Jinduicheng Molybdenum Co. Ltd.,
Class A
|
33,100
|
138
|
|
Jinko Solar Co. Ltd., Class A*
|
139,783
|
98
|
|
JL Mag Rare-Earth Co. Ltd., Class A
|
19,100
|
87
|
|
Kangmei Pharmaceutical Co. Ltd.,
Class A(2) *
|
4,694
|
—
|
|
Kanzhun Ltd. ADR
|
86,453
|
1,113
|
|
KE Holdings, Inc., Class A
|
479,843
|
2,312
|
|
Kingdee International Software Group
Co. Ltd.*
|
708,000
|
538
|
|
Kingfa Sci & Tech Co. Ltd., Class A
|
38,300
|
87
|
|
Kingnet Network Co. Ltd., Class A
|
32,000
|
77
|
|
Kingsoft Corp. Ltd.
|
205,103
|
583
|
|
Kuaishou Technology
|
615,200
|
3,287
|
|
Kuang-Chi Technologies Co. Ltd.,
Class A
|
32,000
|
143
|
|
Kunlun Energy Co. Ltd.
|
929,230
|
762
|
|
Kunlun Tech Co. Ltd., Class A*
|
13,900
|
83
|
|
Kweichow Moutai Co. Ltd., Class A
|
18,295
|
3,193
|
|
Laopu Gold Co. Ltd., Class H†
|
9,900
|
441
|
|
LB Group Co. Ltd., Class A
|
29,400
|
72
|
|
Lenovo Group Ltd.†
|
1,810,000
|
5,407
|
|
Lens Technology Co. Ltd., Class A
|
80,900
|
644
|
|
Leo Group Co. Ltd., Class A
|
106,700
|
75
|
|
Li Auto, Inc., Class A*
|
286,630
|
1,684
|
|
Li Ning Co. Ltd.
|
603,000
|
1,137
|
|
Lingyi iTech Guangdong Co., Class A
|
107,200
|
276
|
|
Longfor Group Holdings Ltd.†
|
510,345
|
391
|
|
LONGi Green Energy Technology Co.
Ltd., Class A*
|
97,669
|
189
|
|
Loongson Technology Corp. Ltd.,
Class A*
|
3,800
|
88
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Luxshare Precision Industry Co. Ltd.,
Class A
|
111,605
|
$1,178
|
|
Luzhou Laojiao Co. Ltd., Class A
|
21,300
|
243
|
|
Mango Excellent Media Co. Ltd.,
Class A
|
22,070
|
48
|
|
Maxscend Microelectronics Co. Ltd.,
Class A*
|
6,780
|
110
|
|
Meituan, Class B*
|
1,212,818
|
10,697
|
|
Metallurgical Corp. of China Ltd.,
Class A
|
198,300
|
71
|
|
Midea Group Co. Ltd., Class A
|
54,300
|
604
|
|
Midea Group Co. Ltd., Class H
|
111,800
|
1,180
|
|
MINISO Group Holding Ltd.†
|
92,436
|
278
|
|
MMG Ltd.*
|
1,036,000
|
925
|
|
Montage Technology Co. Ltd., Class A
|
16,865
|
791
|
|
Muyuan Foods Group Co. Ltd., Class A
|
73,978
|
382
|
|
NARI Technology Co. Ltd., Class A
|
127,406
|
430
|
|
National Silicon Industry Group Co.
Ltd., Class A*
|
54,787
|
326
|
|
NAURA Technology Group Co. Ltd.,
Class A
|
10,105
|
1,326
|
|
NetEase, Inc.
|
425,875
|
10,962
|
|
New China Life Insurance Co. Ltd.,
Class A
|
34,700
|
305
|
|
New China Life Insurance Co. Ltd.,
Class H
|
222,452
|
1,312
|
|
New Hope Liuhe Co. Ltd., Class A
|
63,200
|
58
|
|
New Oriental Education & Technology
Group, Inc.
|
305,920
|
1,404
|
|
Nexchip Semiconductor Corp., Class A
|
24,199
|
214
|
|
Ningbo Deye Technology Corp.,
Class A
|
15,587
|
244
|
|
Ningbo Orient Wires & Cables Co.
Ltd., Class A
|
11,040
|
68
|
|
Ningbo Sanxing Medical Electric Co.
Ltd., Class A
|
28,200
|
62
|
|
Ningbo Tuopu Group Co. Ltd., Class A
|
27,095
|
226
|
|
Ningxia Baofeng Energy Group Co.
Ltd., Class A
|
123,600
|
366
|
|
NIO, Inc., Class A*
|
419,366
|
2,128
|
|
Nongfu Spring Co. Ltd., Class H
|
435,400
|
2,210
|
|
OmniVision Integrated Circuits Group,
Inc.
|
18,135
|
255
|
|
Orient Securities Co. Ltd., Class A
|
102,839
|
143
|
|
PDD Holdings, Inc. ADR*
|
136,853
|
10,439
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
People's Insurance Co. Group of China
(The) Ltd., Class A
|
152,500
|
$152
|
|
People's Insurance Co. Group of China
(The) Ltd., Class H
|
2,050,535
|
1,230
|
|
PetroChina Co. Ltd., Class A
|
329,500
|
417
|
|
PetroChina Co. Ltd., Class H
|
5,053,438
|
5,441
|
|
Pharmaron Beijing Co. Ltd., Class A
|
19,125
|
82
|
|
PICC Property & Casualty Co. Ltd.,
Class H
|
1,653,359
|
3,034
|
|
Ping An Bank Co. Ltd., Class A
|
303,200
|
449
|
|
Ping An Insurance Group Co. of China
Ltd., Class A
|
156,735
|
1,105
|
|
Ping An Insurance Group Co. of China
Ltd., Class H†
|
1,567,406
|
10,250
|
|
Piotech, Inc., Class A
|
4,201
|
541
|
|
Poly Developments and Holdings
Group Co. Ltd., Class A
|
158,200
|
108
|
|
Pony AI, Inc., Class A*
|
48,700
|
339
|
|
Pop Mart International Group Ltd.†
|
118,800
|
2,358
|
|
Postal Savings Bank of China Co. Ltd.,
Class A
|
438,300
|
318
|
|
Postal Savings Bank of China Co. Ltd.,
Class H
|
2,122,000
|
1,239
|
|
Power Construction Corp. of China Ltd.,
Class A
|
233,100
|
161
|
|
Qinghai Salt Lake Industry Co. Ltd.,
Class A*
|
69,700
|
311
|
|
QuantumCTek Co. Ltd., Class A
|
1,629
|
122
|
|
Range Intelligent Computing
Technology Group Co. Ltd., Class A
|
20,700
|
255
|
|
Raytron Technology Co. Ltd., Class A
|
7,961
|
183
|
|
Remegen Co. Ltd., Class H*
|
44,000
|
419
|
|
RoboTechnik Intelligent Technology Co.
Ltd., Class A
|
2,600
|
240
|
|
Rockchip Electronics Co. Ltd., Class A
|
5,800
|
163
|
|
Rongsheng Petrochemical Co. Ltd.,
Class A
|
129,100
|
205
|
|
SAIC Motor Corp. Ltd., Class A
|
87,693
|
126
|
|
Sailun Group Co. Ltd., Class A
|
48,300
|
82
|
|
Sanan Optoelectronics Co. Ltd.,
Class A
|
97,100
|
306
|
|
Sangfor Technologies, Inc., Class A
|
6,500
|
93
|
|
Sany Heavy Industry Co. Ltd., Class A
|
116,800
|
299
|
|
Satellite Chemical Co. Ltd., Class A
|
43,761
|
151
|
|
SDIC Capital Co. Ltd., Class A
|
83,900
|
81
|
|
SDIC Power Holdings Co. Ltd., Class A
|
107,000
|
210
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
SenseTime Group, Inc., Class B*
|
6,744,000
|
$1,160
|
|
Seres Group Co. Ltd., Class A
|
25,000
|
226
|
|
SF Holding Co. Ltd., Class A
|
67,800
|
313
|
|
SG Micro Corp., Class A
|
7,605
|
163
|
|
Shaanxi Coal Industry Co. Ltd., Class A
|
128,700
|
384
|
|
Shandong Gold Mining Co. Ltd.,
Class A
|
58,437
|
199
|
|
Shandong Gold Mining Co. Ltd.,
Class H
|
175,250
|
375
|
|
Shandong Himile Mechanical Science
& Technology Co. Ltd., Class A
|
17,110
|
118
|
|
Shandong Hongqiao Aluminum
Industry Holding Co. Ltd., Class A
|
50,900
|
111
|
|
Shandong Hualu Hengsheng Chemical
Co. Ltd., Class A
|
27,340
|
96
|
|
Shandong Nanshan Aluminum Co. Ltd.,
Class A
|
175,400
|
103
|
|
Shandong Sun Paper Industry JSC Ltd.,
Class A
|
32,500
|
60
|
|
Shanghai Allist Pharmaceuticals Co.
Ltd., Class A
|
6,400
|
103
|
|
Shanghai Baosight Software Co. Ltd.,
Class A
|
59,080
|
145
|
|
Shanghai BOCHU Electronic
Technology Corp. Ltd., Class A
|
5,930
|
94
|
|
Shanghai Electric Group Co. Ltd.,
Class A*
|
164,800
|
171
|
|
Shanghai Electric Power Co. Ltd.,
Class A
|
38,500
|
85
|
|
Shanghai Fosun Pharmaceutical Group
Co. Ltd., Class A
|
25,300
|
84
|
|
Shanghai International Airport Co. Ltd.,
Class A
|
17,200
|
59
|
|
Shanghai Pharmaceuticals Holding Co.
Ltd., Class A
|
37,200
|
84
|
|
Shanghai Pudong Development Bank
Co. Ltd., Class A
|
448,492
|
569
|
|
Shanghai Putailai New Energy
Technology Group Co. Ltd.
|
25,752
|
110
|
|
Shanghai RAAS Blood Products Co.
Ltd., Class A
|
94,600
|
61
|
|
Shanghai Rural Commercial Bank Co.
Ltd., Class A
|
113,200
|
125
|
|
Shanghai Stonehill Technology Co. Ltd.,
Class A
|
89,000
|
86
|
|
Shanghai United Imaging Healthcare
Co. Ltd., Class A
|
10,770
|
161
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Shanghai Zhangjiang High-Tech Park
Development Co. Ltd., Class A
|
16,400
|
$90
|
|
Shanjin International Gold Co. Ltd.,
Class A
|
38,800
|
97
|
|
Shannon Semiconductor Technology
Co. Ltd., Class A
|
7,100
|
322
|
|
Shanxi Coking Coal Energy Group Co.
Ltd., Class A
|
79,120
|
67
|
|
Shanxi Lu'an Environmental Energy
Development Co. Ltd., Class A
|
36,200
|
76
|
|
Shanxi Xinghuacun Fen Wine Factory
Co. Ltd., Class A
|
17,060
|
275
|
|
Sharetronic Data Technology Co. Ltd.,
Class A
|
6,720
|
340
|
|
Shenergy Co. Ltd., Class A
|
41,700
|
54
|
|
Shengyi Electronics Co. Ltd., Class A
|
9,600
|
190
|
|
Shengyi Technology Co. Ltd., Class A
|
34,000
|
876
|
|
Shennan Circuits Co. Ltd., Class A
|
9,724
|
663
|
|
Shenwan Hongyuan Group Co. Ltd.,
Class A
|
328,200
|
213
|
|
Shenzhen Envicool Technology Co. Ltd.,
Class A
|
17,810
|
210
|
|
Shenzhen Everwin Precision
Technology Co. Ltd., Class A*
|
20,500
|
85
|
|
Shenzhen Inovance Technology Co.
Ltd., Class A
|
18,900
|
186
|
|
Shenzhen Kedali Industry Co. Ltd.,
Class A
|
5,000
|
139
|
|
Shenzhen Kinwong Electronic Co. Ltd.,
Class A
|
11,500
|
124
|
|
Shenzhen Longsys Electronics Co. Ltd.,
Class A
|
6,300
|
671
|
|
Shenzhen Megmeet Electrical Co. Ltd.,
Class A
|
8,800
|
219
|
|
Shenzhen Mindray Bio-Medical
Electronics Co. Ltd., Class A
|
16,600
|
333
|
|
Shenzhen New Industries Biomedical
Engineering Co. Ltd., Class A
|
9,800
|
61
|
|
Shenzhen Salubris Pharmaceuticals Co.
Ltd., Class A
|
17,700
|
83
|
|
Shenzhen Sunway Communication Co.
Ltd., Class A
|
14,800
|
263
|
|
Shenzhen Techwinsemi Technology Co.
Ltd., Class A
|
3,500
|
501
|
|
Shenzhen Transsion Holdings Co. Ltd.,
Class A
|
14,547
|
127
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Shenzhou International Group Holdings
Ltd.
|
203,100
|
$1,023
|
|
Sichuan Biokin Pharmaceutical Co. Ltd.,
Class A*
|
5,200
|
225
|
|
Sichuan Changhong Electric Co. Ltd.,
Class A
|
91,100
|
94
|
|
Sichuan Chuantou Energy Co. Ltd.,
Class A
|
56,000
|
117
|
|
Sichuan Huafeng Technology Co. Ltd.,
Class A*
|
8,821
|
247
|
|
Sichuan Kelun Pharmaceutical Co. Ltd.,
Class A
|
23,200
|
131
|
|
Sichuan Kelun-Biotech
Biopharmaceutical Co. Ltd., Class H*
|
14,000
|
781
|
|
Sichuan Road and Bridge Group Co.
Ltd., Class A
|
101,600
|
117
|
|
Sino Biopharmaceutical Ltd.
|
2,269,750
|
1,280
|
|
Sinoma Science & Technology Co. Ltd.,
Class A
|
23,800
|
319
|
|
Sinomine Resource Group Co. Ltd.,
Class A
|
12,600
|
110
|
|
Sinopharm Group Co. Ltd., Class H
|
301,114
|
612
|
|
Sinotruk Hong Kong Ltd.
|
208,000
|
1,026
|
|
Skyverse Technology Co. Ltd., Class A
|
5,946
|
379
|
|
Smoore International Holdings Ltd.†
|
325,000
|
292
|
|
SooChow Securities Co. Ltd., Class A
|
72,343
|
85
|
|
Spring Airlines Co. Ltd., Class A
|
15,800
|
107
|
|
Sungrow Power Supply Co. Ltd.,
Class A
|
28,000
|
656
|
|
Sunny Optical Technology Group Co.
Ltd.
|
159,325
|
1,245
|
|
Sunwoda Electronic Co. Ltd., Class A
|
17,800
|
50
|
|
SUPCON Technology Co. Ltd., Class A
|
8,381
|
146
|
|
Suzhou Centec Communications Co.
Ltd., Class A*
|
4,525
|
263
|
|
Suzhou Centec Communications Co.
Ltd., Class A(3) *
|
4,525
|
260
|
|
Suzhou Dongshan Precision
Manufacturing Co. Ltd., Class A*
|
25,700
|
1,006
|
|
Suzhou Everbright Photonics Co. Ltd.,
Class A
|
3,200
|
243
|
|
Suzhou Maxwell Technologies Co. Ltd.,
Class A
|
4,200
|
176
|
|
Suzhou TFC Optical Communication
Co. Ltd., Class A
|
14,688
|
660
|
|
TAL Education Group ADR*
|
85,532
|
819
|
|
TBEA Co. Ltd., Class A
|
68,490
|
228
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
TCL Technology Group Corp., Class A
|
266,410
|
$230
|
|
TCL Zhonghuan Renewable Energy
Technology Co. Ltd., Class A*
|
52,750
|
94
|
|
Tencent Holdings Ltd.
|
1,483,389
|
81,748
|
|
Tencent Music Entertainment Group
ADR
|
123,505
|
1,031
|
|
Tianfeng Securities Co. Ltd., Class A*
|
117,500
|
59
|
|
Tianqi Lithium Corp., Class A*
|
19,000
|
172
|
|
Tianshan Aluminum Group Co. Ltd.,
Class A
|
78,700
|
124
|
|
Tianshui Huatian Technology Co. Ltd.,
Class A
|
46,700
|
156
|
|
Tingyi Cayman Islands Holding Corp.
|
486,435
|
608
|
|
Tongcheng Travel Holdings Ltd.
|
313,600
|
481
|
|
TongFu Microelectronics Co. Ltd.,
Class A
|
22,400
|
256
|
|
Tongling Nonferrous Metals Group Co.
Ltd., Class A
|
159,700
|
150
|
|
Tongwei Co. Ltd., Class A*
|
62,300
|
111
|
|
Trina Solar Co. Ltd., Class A*
|
28,251
|
59
|
|
Trip.com Group Ltd.*
|
141,873
|
5,635
|
|
Tsingtao Brewery Co. Ltd., Class A
|
8,300
|
64
|
|
Tsingtao Brewery Co. Ltd., Class H
|
151,767
|
834
|
|
UBTech Robotics Corp. Ltd., Class H*
|
52,700
|
696
|
|
Unigroup Guoxin Microelectronics Co.
Ltd., Class A
|
10,479
|
139
|
|
Unisplendour Corp. Ltd., Class A
|
32,948
|
142
|
|
United Nova Technology Co. Ltd.,
Class A*
|
116,477
|
183
|
|
Universal Scientific Industrial Shanghai
Co. Ltd., Class A
|
30,500
|
147
|
|
Verisilicon Microelectronics Shanghai
Co. Ltd., Class A*
|
9,356
|
518
|
|
Victory Giant Technology Huizhou Co.
Ltd., Class A
|
12,600
|
650
|
|
Vipshop Holdings Ltd. ADR
|
66,740
|
885
|
|
Wanhua Chemical Group Co. Ltd.,
Class A
|
49,500
|
499
|
|
Want Want China Holdings Ltd.
|
1,151,870
|
498
|
|
Wanxiang Qianchao Co. Ltd., Class A
|
51,200
|
98
|
|
Weichai Power Co. Ltd., Class A
|
107,100
|
434
|
|
Weichai Power Co. Ltd., Class H
|
473,812
|
2,081
|
|
Wens Foodstuff Group Co. Ltd., Class A
|
58,100
|
106
|
|
Western Mining Co. Ltd., Class A
|
37,500
|
151
|
|
Western Superconducting Technologies
Co. Ltd., Class A
|
8,653
|
81
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Wintime Energy Group Co. Ltd.,
Class A*
|
307,400
|
$73
|
|
Wolong Electric Group Co. Ltd.,
Class A
|
22,200
|
109
|
|
Wuhan Guide Infrared Co. Ltd.,
Class A*
|
42,825
|
84
|
|
Wuliangye Yibin Co. Ltd., Class A
|
54,000
|
589
|
|
WUS Printed Circuit Kunshan Co. Ltd.,
Class A
|
28,180
|
641
|
|
WuXi AppTec Co. Ltd., Class A
|
38,492
|
709
|
|
WuXi AppTec Co. Ltd., Class H
|
100,611
|
1,978
|
|
Wuxi Biologics Cayman, Inc.*
|
846,000
|
3,749
|
|
WuXi XDC Cayman, Inc.*
|
91,500
|
669
|
|
XCMG Construction Machinery Co.
Ltd., Class A
|
159,500
|
191
|
|
Xiamen Tungsten Co. Ltd., Class A
|
21,200
|
268
|
|
Xiaomi Corp., Class B*
|
4,081,800
|
11,319
|
|
Xinjiang Daqo New Energy Co. Ltd.,
Class A*
|
4,309
|
11
|
|
Xinyi Solar Holdings Ltd.†
|
1,135,136
|
299
|
|
XPeng, Inc., Class A*
|
296,458
|
1,944
|
|
XtalPi Holdings Ltd.*
|
401,000
|
394
|
|
Yadea Group Holdings Ltd.
|
324,000
|
368
|
|
Yangtze Optical Fibre & Cable Joint
Stock Ltd. Co., Class A
|
5,400
|
439
|
|
Yangtze Optical Fibre & Cable Joint
Stock Ltd. Co., Class H
|
96,500
|
3,197
|
|
Yankuang Energy Group Co. Ltd.,
Class A
|
72,215
|
188
|
|
Yankuang Energy Group Co. Ltd.,
Class H
|
814,919
|
1,143
|
|
Yantai Jereh Oilfield Services Group
Co. Ltd., Class A
|
15,500
|
351
|
|
Yealink Network Technology Corp. Ltd.,
Class A
|
18,440
|
92
|
|
Yonghui Superstores Co. Ltd., Class A*
|
154,400
|
65
|
|
Yonyou Network Technology Co. Ltd.,
Class A*
|
42,835
|
58
|
|
YTO Express Group Co. Ltd., Class A
|
41,800
|
97
|
|
Yuanjie Semiconductor Technology Co.
Ltd., Class A
|
1,947
|
552
|
|
Yum China Holdings, Inc.
|
83,278
|
3,390
|
|
Yunnan Aluminium Co. Ltd., Class A
|
61,400
|
200
|
|
Yunnan Baiyao Group Co. Ltd., Class A
|
30,900
|
216
|
|
Yunnan Energy New Material Group
Co. Ltd., Class A*
|
15,300
|
151
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
Yunnan Tin Co. Ltd., Class A
|
10,300
|
$66
|
|
Yunnan Yuntianhua Co. Ltd., Class A
|
22,300
|
100
|
|
Yutong Bus Co. Ltd., Class A
|
28,500
|
113
|
|
Zangge Mining Co. Ltd., Class A
|
27,000
|
275
|
|
Zhangzhou Pientzehuang
Pharmaceutical Co. Ltd., Class A
|
7,493
|
121
|
|
Zhaojin Mining Industry Co. Ltd.,
Class H
|
401,000
|
841
|
|
Zhejiang Century Huatong Group Co.
Ltd., Class A
|
116,300
|
243
|
|
Zhejiang China Commodities City
Group Co. Ltd., Class A
|
86,100
|
129
|
|
Zhejiang Chint Electrics Co. Ltd.,
Class A
|
28,994
|
107
|
|
Zhejiang Dahua Technology Co. Ltd.,
Class A
|
50,900
|
124
|
|
Zhejiang Huayou Cobalt Co. Ltd.,
Class A
|
31,615
|
226
|
|
Zhejiang Jingsheng Mechanical &
Electrical Co. Ltd., Class A
|
17,200
|
154
|
|
Zhejiang Juhua Co. Ltd., Class A
|
32,100
|
252
|
|
Zhejiang Leapmotor Technology Co.
Ltd., Class H*
|
121,200
|
534
|
|
Zhejiang Longsheng Group Co. Ltd.,
Class A
|
50,300
|
90
|
|
Zhejiang NHU Co. Ltd., Class A
|
42,448
|
178
|
|
Zhejiang Sanhua Intelligent Controls
Co. Ltd., Class A
|
32,800
|
213
|
|
Zhejiang Weiming Environment
Protection Co. Ltd., Class A
|
23,100
|
52
|
|
Zhejiang Zheneng Electric Power Co.
Ltd., Class A
|
180,800
|
140
|
|
Zheshang Securities Co. Ltd., Class A
|
60,800
|
85
|
|
Zhongji Innolight Co. Ltd., Class A
|
15,640
|
2,958
|
|
Zhongjin Gold Corp. Ltd., Class A
|
73,900
|
197
|
|
Zhongtai Securities Co. Ltd., Class A*
|
119,500
|
94
|
|
Zhuzhou CRRC Times Electric Co. Ltd.,
Class A
|
8,349
|
85
|
|
Zhuzhou CRRC Times Electric Co. Ltd.,
Class H
|
106,074
|
544
|
|
Zijin Mining Group Co. Ltd., Class A
|
282,700
|
1,050
|
|
Zijin Mining Group Co. Ltd., Class H
|
1,456,162
|
5,122
|
|
Zoomlion Heavy Industry Science and
Technology Co. Ltd., Class A
|
111,600
|
115
|
|
ZTE Corp., Class A*
|
59,300
|
318
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
China – 18.3%continued
|
||
|
ZTE Corp., Class H†
|
185,517
|
$543
|
|
ZTO Express Cayman, Inc.
|
96,584
|
2,135
|
|
|
|
562,008
|
|
Colombia – 0.1%
|
||
|
Grupo Cibest S.A.
|
59,986
|
1,369
|
|
Interconexion Electrica S.A. ESP
|
102,011
|
880
|
|
|
|
2,249
|
|
Czech Republic – 0.1%
|
||
|
CEZ A.S.
|
30,072
|
1,758
|
|
Komercni Banka A.S.
|
17,601
|
806
|
|
Moneta Money Bank A.S.
|
67,015
|
588
|
|
|
|
3,152
|
|
Egypt – 0.1%
|
||
|
Commercial International Bank - Egypt
(CIB)
|
600,364
|
1,558
|
|
Eastern Co. S.A.E.
|
373,069
|
285
|
|
Talaat Moustafa Group
|
175,869
|
338
|
|
|
|
2,181
|
|
Greece – 0.5%
|
||
|
Allwyn A.G.
|
35,345
|
563
|
|
Alpha Bank S.A.
|
400,480
|
1,815
|
|
Eurobank S.A.
|
606,175
|
2,897
|
|
FF Group(2) *
|
18,664
|
—
|
|
GEK TERNA S.A.
|
12,556
|
632
|
|
Hellenic Telecommunications
Organization S.A.
|
34,497
|
766
|
|
JUMBO S.A.
|
27,350
|
702
|
|
National Bank of Greece S.A.
|
201,797
|
3,490
|
|
Piraeus Bank S.A.*
|
265,229
|
2,764
|
|
Public Power Corp. S.A.
|
65,890
|
1,734
|
|
|
|
15,363
|
|
Hong Kong – 0.2%
|
||
|
Kingboard Laminates Holdings Ltd.
|
250,000
|
3,211
|
|
Orient Overseas International Ltd.
|
29,000
|
452
|
|
Zijin Gold International Co. Ltd.
|
85,800
|
973
|
|
|
|
4,636
|
|
Hungary – 0.3%
|
||
|
MOL Hungarian Oil & Gas PLC
|
87,707
|
1,042
|
|
OTP Bank Nyrt.
|
52,418
|
7,746
|
|
Richter Gedeon Nyrt.
|
33,207
|
1,286
|
|
|
|
10,074
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
India – 10.8%
|
||
|
ABB India Ltd.
|
11,749
|
$877
|
|
Adani Enterprises Ltd.
|
43,930
|
1,421
|
|
Adani Ports & Special Economic Zone
Ltd.
|
126,940
|
2,442
|
|
Adani Power Ltd.*
|
717,025
|
1,707
|
|
Aditya Birla Capital Ltd.*
|
176,698
|
736
|
|
Alkem Laboratories Ltd.
|
9,751
|
576
|
|
Ambuja Cements Ltd.
|
121,780
|
546
|
|
APL Apollo Tubes Ltd.
|
45,070
|
858
|
|
Apollo Hospitals Enterprise Ltd.
|
24,897
|
2,283
|
|
Ashok Leyland Ltd.
|
639,277
|
1,077
|
|
Asian Paints Ltd.
|
92,397
|
2,581
|
|
Astral Ltd.
|
20,232
|
286
|
|
AU Small Finance Bank Ltd.
|
137,084
|
1,514
|
|
Aurobindo Pharma Ltd.
|
65,546
|
1,094
|
|
Avenue Supermarts Ltd.*
|
35,508
|
1,652
|
|
Axis Bank Ltd.
|
557,251
|
7,975
|
|
Bajaj Auto Ltd.
|
15,761
|
1,629
|
|
Bajaj Finance Ltd.
|
610,119
|
6,515
|
|
Bajaj Finserv Ltd.
|
99,404
|
1,879
|
|
Bajaj Holdings & Investment Ltd.
|
6,268
|
706
|
|
Balkrishna Industries Ltd.
|
13,720
|
319
|
|
Bank of Baroda
|
252,882
|
734
|
|
Bharat Electronics Ltd.
|
823,739
|
3,591
|
|
Bharat Forge Ltd.
|
56,098
|
1,278
|
|
Bharat Heavy Electricals Ltd.
|
303,115
|
1,333
|
|
Bharat Petroleum Corp. Ltd.
|
407,011
|
1,310
|
|
Bharti Airtel Ltd.
|
660,816
|
12,951
|
|
Bosch Ltd.
|
1,685
|
715
|
|
Britannia Industries Ltd.
|
25,487
|
1,393
|
|
BSE Ltd.*
|
47,520
|
1,959
|
|
Canara Bank
|
424,305
|
565
|
|
CG Power & Industrial Solutions Ltd.
|
153,481
|
1,557
|
|
Cholamandalam Investment and
Finance Co. Ltd.
|
104,897
|
1,996
|
|
Cipla Ltd.
|
122,879
|
1,908
|
|
Coal India Ltd.
|
384,676
|
1,788
|
|
Colgate-Palmolive India Ltd.
|
28,118
|
595
|
|
Coromandel International Ltd.
|
28,538
|
606
|
|
Cummins India Ltd.
|
32,355
|
1,944
|
|
Dabur India Ltd.
|
91,080
|
407
|
|
Divi's Laboratories Ltd.
|
27,970
|
1,946
|
|
Dixon Technologies India Ltd.
|
8,790
|
1,114
|
|
DLF Ltd.
|
135,421
|
892
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
India – 10.8%continued
|
||
|
Dr. Reddy's Laboratories Ltd.
|
123,507
|
$1,772
|
|
Eicher Motors Ltd.
|
32,205
|
2,419
|
|
Eternal Ltd.*
|
588,835
|
1,661
|
|
Federal Bank Ltd.
|
454,574
|
1,590
|
|
Fortis Healthcare Ltd.
|
113,944
|
1,161
|
|
FSN E-Commerce Ventures Ltd.*
|
322,595
|
1,062
|
|
GAIL India Ltd.
|
552,254
|
1,017
|
|
GE Vernova T&D India Ltd.
|
29,501
|
1,553
|
|
GMR Airports Ltd.*
|
669,820
|
797
|
|
Godrej Consumer Products Ltd.
|
84,862
|
908
|
|
Godrej Properties Ltd.*
|
27,705
|
550
|
|
Grasim Industries Ltd.
|
69,843
|
2,294
|
|
Havells India Ltd.
|
46,664
|
576
|
|
HCL Technologies Ltd.
|
207,991
|
2,364
|
|
HDFC Asset Management Co. Ltd.*
|
48,188
|
1,359
|
|
HDFC Bank Ltd.
|
2,738,484
|
23,164
|
|
HDFC Life Insurance Co. Ltd.
|
226,746
|
1,383
|
|
Hero MotoCorp Ltd.
|
29,627
|
1,509
|
|
Hindalco Industries Ltd.
|
322,381
|
3,282
|
|
Hindustan Aeronautics Ltd.
|
40,527
|
1,883
|
|
Hindustan Petroleum Corp. Ltd.
|
227,630
|
953
|
|
Hindustan Unilever Ltd.
|
169,060
|
3,790
|
|
Hitachi Energy India Ltd.
|
2,911
|
1,082
|
|
ICICI Bank Ltd.
|
1,276,493
|
18,591
|
|
ICICI Lombard General Insurance Co.
Ltd.
|
57,326
|
1,057
|
|
ICICI Prudential Life Insurance Co. Ltd.
|
81,811
|
423
|
|
IDFC First Bank Ltd.
|
962,873
|
815
|
|
Indian Bank
|
69,021
|
598
|
|
Indian Hotels (The) Co. Ltd.
|
203,742
|
1,543
|
|
Indian Oil Corp. Ltd.
|
694,102
|
1,026
|
|
Indus Towers Ltd.*
|
310,754
|
1,291
|
|
IndusInd Bank Ltd.
|
137,759
|
1,351
|
|
Info Edge India Ltd.
|
85,180
|
882
|
|
Infosys Ltd.
|
726,063
|
7,674
|
|
InterGlobe Aviation Ltd.
|
46,729
|
2,688
|
|
ITC Ltd.
|
705,815
|
2,148
|
|
Jindal Stainless Ltd.
|
73,500
|
540
|
|
Jindal Steel Ltd.
|
88,609
|
997
|
|
Jio Financial Services Ltd.
|
692,588
|
1,740
|
|
JSW Energy Ltd.
|
97,739
|
607
|
|
JSW Steel Ltd.
|
143,944
|
1,876
|
|
Kotak Mahindra Bank Ltd.
|
1,324,963
|
5,506
|
|
L&T Finance Ltd.
|
191,502
|
633
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
India – 10.8%continued
|
||
|
Larsen & Toubro Ltd.
|
164,148
|
$7,231
|
|
Lodha Developers Ltd.
|
56,487
|
573
|
|
LTM Ltd.
|
13,593
|
511
|
|
Lupin Ltd.
|
53,272
|
1,364
|
|
Mahindra & Mahindra Ltd.
|
210,254
|
6,877
|
|
Mankind Pharma Ltd.
|
26,164
|
708
|
|
Marico Ltd.
|
122,302
|
1,084
|
|
Maruti Suzuki India Ltd.
|
28,172
|
4,214
|
|
Max Healthcare Institute Ltd.
|
172,954
|
2,076
|
|
Mphasis Ltd.
|
24,900
|
571
|
|
MRF Ltd.
|
549
|
744
|
|
Multi Commodity Exchange of India
Ltd.
|
30,702
|
926
|
|
Muthoot Finance Ltd.
|
29,383
|
936
|
|
National Aluminium Co. Ltd.
|
208,388
|
752
|
|
Nestle India Ltd.
|
146,960
|
2,193
|
|
NHPC Ltd.
|
495,842
|
428
|
|
NMDC Ltd.
|
693,777
|
628
|
|
NTPC Ltd.
|
1,054,335
|
3,993
|
|
Oberoi Realty Ltd.
|
28,293
|
530
|
|
Oil & Natural Gas Corp. Ltd.
|
616,611
|
1,529
|
|
Oil India Ltd.
|
81,292
|
357
|
|
One 97 Communications Ltd.*
|
88,907
|
1,080
|
|
Oracle Financial Services Software Ltd.
|
4,865
|
557
|
|
Page Industries Ltd.
|
1,582
|
694
|
|
PB Fintech Ltd.*
|
89,693
|
1,547
|
|
Persistent Systems Ltd.
|
24,179
|
1,111
|
|
Petronet LNG Ltd.
|
169,720
|
506
|
|
Phoenix Mills (The) Ltd.
|
47,695
|
985
|
|
PI Industries Ltd.
|
16,151
|
438
|
|
Pidilite Industries Ltd.
|
72,190
|
1,219
|
|
Polycab India Ltd.
|
12,214
|
1,289
|
|
Power Finance Corp. Ltd.
|
323,677
|
1,461
|
|
Power Grid Corp. of India Ltd.
|
1,019,293
|
3,100
|
|
Prestige Estates Projects Ltd.
|
39,631
|
662
|
|
Punjab National Bank
|
565,874
|
640
|
|
REC Ltd.
|
289,236
|
1,120
|
|
Reliance Industries Ltd.
|
1,466,967
|
20,191
|
|
Samvardhana Motherson International
Ltd.
|
1,021,512
|
1,617
|
|
SBI Cards & Payment Services Ltd.
|
42,249
|
266
|
|
SBI Life Insurance Co. Ltd.
|
109,129
|
2,045
|
|
Shree Cement Ltd.
|
2,213
|
593
|
|
Shriram Finance Ltd.
|
338,342
|
3,770
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
India – 10.8%continued
|
||
|
Siemens Energy India Ltd.
|
20,500
|
$801
|
|
Siemens Ltd.*
|
18,150
|
693
|
|
Solar Industries India Ltd.
|
5,697
|
1,127
|
|
SRF Ltd.
|
34,754
|
1,013
|
|
State Bank of India
|
443,289
|
4,850
|
|
Sun Pharmaceutical Industries Ltd.
|
218,091
|
4,295
|
|
Sundaram Finance Ltd.
|
16,046
|
767
|
|
Supreme Industries Ltd.
|
12,931
|
432
|
|
Suzlon Energy Ltd.*
|
2,446,624
|
1,532
|
|
Swiggy Ltd.*
|
326,202
|
827
|
|
Tata Communications Ltd.
|
25,549
|
534
|
|
Tata Consultancy Services Ltd.
|
195,381
|
4,213
|
|
Tata Consumer Products Ltd.
|
139,480
|
1,596
|
|
Tata Motors Ltd.
|
455,674
|
2,053
|
|
Tata Motors Passenger Vehicles Limited
|
424,810
|
1,596
|
|
Tata Power (The) Co. Ltd.
|
354,839
|
1,454
|
|
Tata Steel Ltd.
|
1,799,862
|
3,594
|
|
Tech Mahindra Ltd.
|
135,788
|
2,022
|
|
Titan Co. Ltd.
|
85,017
|
3,970
|
|
Torrent Pharmaceuticals Ltd.
|
26,232
|
1,284
|
|
Torrent Power Ltd.
|
46,511
|
699
|
|
Trent Ltd.
|
65,161
|
2,280
|
|
Tube Investments of India Ltd.
|
25,068
|
810
|
|
TVS Motor Co. Ltd.
|
57,471
|
2,118
|
|
UltraTech Cement Ltd.
|
25,137
|
3,002
|
|
Union Bank of India Ltd.
|
371,205
|
682
|
|
United Spirits Ltd.
|
69,778
|
998
|
|
UPL Ltd.
|
118,061
|
717
|
|
Varun Beverages Ltd.
|
317,679
|
1,716
|
|
Vedanta Aluminium Metal Ltd.*
|
321,576
|
1,524
|
|
Vedanta Ltd.*
|
321,576
|
961
|
|
Vishal Mega Mart Ltd.*
|
524,230
|
655
|
|
Vodafone Idea Ltd.*
|
6,020,213
|
925
|
|
Voltas Ltd.
|
42,194
|
571
|
|
WAAREE Energies Ltd.
|
21,044
|
660
|
|
Wipro Ltd.
|
567,058
|
1,028
|
|
Yes Bank Ltd.*
|
3,653,849
|
937
|
|
Zydus Lifesciences Ltd.
|
44,482
|
526
|
|
|
|
331,948
|
|
Indonesia – 0.4%
|
||
|
Astra International Tbk PT
|
3,793,760
|
959
|
|
Bank Central Asia Tbk PT
|
11,803,460
|
3,676
|
|
Bank Mandiri Persero Tbk PT
|
9,039,120
|
1,953
|
|
Bank Negara Indonesia Persero Tbk PT
|
2,967,318
|
527
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Indonesia – 0.4%continued
|
||
|
Bank Rakyat Indonesia Persero Tbk PT
|
14,297,365
|
$2,192
|
|
Barito Pacific Tbk PT*
|
4,564,015
|
333
|
|
Bumi Resources Minerals Tbk PT*
|
13,174,100
|
352
|
|
Charoen Pokphand Indonesia Tbk PT
|
1,721,835
|
327
|
|
GoTo Gojek Tokopedia Tbk PT*
|
223,238,232
|
626
|
|
Telkom Indonesia Persero Tbk PT
|
10,751,962
|
1,426
|
|
United Tractors Tbk PT
|
315,371
|
406
|
|
|
|
12,777
|
|
Kazakhstan – 0.0%
|
||
|
Solidcore Resources PLC*
|
97,434
|
789
|
|
Kuwait – 0.5%
|
||
|
Boubyan Bank K.S.C.P.
|
413,395
|
847
|
|
Gulf Bank K.S.C.P.
|
528,325
|
602
|
|
Kuwait Finance House K.S.C.P.
|
2,772,678
|
6,868
|
|
Mabanee Co. KPSC
|
191,943
|
573
|
|
Mobile Telecommunications Co.
K.S.C.P.
|
471,460
|
927
|
|
National Bank of Kuwait S.A.K.P.
|
2,048,901
|
5,338
|
|
Warba Bank K.S.C.P.*
|
573,359
|
517
|
|
|
|
15,672
|
|
Luxembourg – 0.0%
|
||
|
Reinet Investments S.C.A.
|
33,200
|
919
|
|
Malaysia – 0.9%
|
||
|
AMMB Holdings Bhd.
|
596,537
|
934
|
|
CELCOMDIGI Bhd.
|
710,200
|
466
|
|
CIMB Group Holdings Bhd.
|
1,888,817
|
3,443
|
|
Gamuda Bhd.
|
1,236,928
|
1,330
|
|
Hong Leong Bank Bhd.
|
154,498
|
813
|
|
IHH Healthcare Bhd.
|
464,400
|
956
|
|
IOI Corp. Bhd.
|
591,340
|
613
|
|
Kuala Lumpur Kepong Bhd.
|
124,229
|
645
|
|
Malayan Banking Bhd.
|
1,358,276
|
3,598
|
|
Maxis Bhd.
|
423,651
|
352
|
|
MISC Bhd.
|
320,060
|
612
|
|
Petronas Chemicals Group Bhd.
|
552,100
|
549
|
|
Petronas Gas Bhd.
|
189,800
|
814
|
|
Press Metal Aluminium Holdings Bhd.
|
931,200
|
1,754
|
|
Public Bank Bhd.
|
3,510,305
|
4,148
|
|
RHB Bank Bhd.
|
430,949
|
878
|
|
SD Guthrie Bhd.
|
526,465
|
772
|
|
Sunway Bhd.
|
626,800
|
792
|
|
Telekom Malaysia Bhd.
|
280,286
|
512
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Malaysia – 0.9%continued
|
||
|
Tenaga Nasional Bhd.
|
648,250
|
$2,275
|
|
YTL Power International Bhd.
|
699,700
|
719
|
|
|
|
26,975
|
|
Mexico – 1.7%
|
||
|
America Movil S.A.B. de C.V., Class B
|
3,662,368
|
4,760
|
|
Arca Continental S.A.B. de C.V.
|
129,505
|
1,549
|
|
Cemex S.A.B. de C.V., Class CPO
|
3,643,645
|
4,376
|
|
Coca-Cola Femsa S.A.B. de C.V.
|
127,322
|
1,353
|
|
Fibra Uno Administracion S.A. de C.V.
|
703,801
|
1,209
|
|
Fomento Economico Mexicano S.A.B.
de C.V.
|
410,991
|
5,253
|
|
Gruma S.A.B. de C.V., Class B
|
35,660
|
575
|
|
Grupo Aeroportuario del Centro Norte
S.A.B. de C.V.
|
62,270
|
880
|
|
Grupo Aeroportuario del Pacifico
S.A.B. de C.V., Class B
|
92,352
|
2,334
|
|
Grupo Aeroportuario del Sureste S.A.B.
de C.V., Class B
|
42,821
|
1,313
|
|
Grupo Bimbo S.A.B. de C.V., Class A
|
290,054
|
947
|
|
Grupo Carso S.A.B. de C.V., Class A1
|
128,806
|
961
|
|
Grupo Financiero Banorte S.A.B. de
C.V., Class O
|
577,409
|
6,115
|
|
Grupo Financiero Inbursa S.A.B. de
C.V., Class O
|
343,141
|
818
|
|
Grupo Mexico S.A.B. de C.V., Class B
|
708,878
|
8,011
|
|
Industrias Penoles S.A.B. de C.V.
|
46,814
|
2,043
|
|
Kimberly-Clark de Mexico S.A.B. de
C.V., Class A
|
338,927
|
749
|
|
Prologis Property Mexico S.A. de C.V.
|
262,000
|
1,131
|
|
Promotora y Operadora de
Infraestructura S.A.B. de C.V.
|
42,835
|
680
|
|
Sigma Foods S.A.B. de C.V.
|
826,439
|
759
|
|
Southern Copper Corp.
|
21,981
|
3,830
|
|
Wal-Mart de Mexico S.A.B. de C.V.
|
1,246,721
|
3,654
|
|
|
|
53,300
|
|
Netherlands – 0.0%
|
||
|
Nebius Group N.V.(2) *
|
83,223
|
—
|
|
Peru – 0.2%
|
||
|
Cia de Minas Buenaventura S.A.A.
ADR
|
40,091
|
1,174
|
|
Credicorp Ltd.
|
16,282
|
6,343
|
|
|
|
7,517
|
|
Philippines – 0.3%
|
||
|
Ayala Corp.
|
43,107
|
295
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Philippines – 0.3%continued
|
||
|
Ayala Land, Inc.
|
1,012,060
|
$245
|
|
Bank of the Philippine Islands
|
417,595
|
655
|
|
BDO Unibank, Inc.
|
557,120
|
1,080
|
|
International Container Terminal
Services, Inc.
|
234,180
|
3,419
|
|
Manila Electric Co.
|
51,150
|
475
|
|
Metropolitan Bank & Trust Co.
|
467,109
|
496
|
|
PLDT, Inc.
|
19,380
|
357
|
|
SM Investments Corp.
|
43,842
|
423
|
|
SM Prime Holdings, Inc.
|
1,989,813
|
588
|
|
|
|
8,033
|
|
Poland – 1.0%
|
||
|
Allegro.eu S.A.*
|
219,459
|
2,208
|
|
Asseco Poland S.A.
|
13,695
|
610
|
|
Bank Millennium S.A.*
|
138,333
|
720
|
|
Bank Polska Kasa Opieki S.A.
|
43,020
|
2,619
|
|
Budimex S.A.
|
3,230
|
633
|
|
CD Projekt S.A.
|
16,785
|
1,002
|
|
Dino Polska S.A.*
|
118,202
|
894
|
|
Erste Bank Polska S.A.
|
9,661
|
1,660
|
|
KGHM Polska Miedz S.A.
|
33,522
|
2,959
|
|
LPP S.A.
|
283
|
1,376
|
|
mBank S.A.*
|
3,304
|
1,199
|
|
ORLEN S.A.
|
139,215
|
4,682
|
|
PGE Polska Grupa Energetyczna S.A.*
|
211,357
|
531
|
|
Powszechna Kasa Oszczednosci Bank
Polski S.A.
|
209,766
|
5,756
|
|
Powszechny Zaklad Ubezpieczen S.A.
|
135,035
|
2,357
|
|
Zabka Group S.A.*
|
92,852
|
672
|
|
|
|
29,878
|
|
Qatar – 0.5%
|
||
|
Al Rayan Bank
|
1,201,456
|
678
|
|
Commercial Bank PSQC (The)
|
668,917
|
745
|
|
Dukhan Bank
|
419,647
|
386
|
|
Industries Qatar QSC
|
361,601
|
1,096
|
|
Mesaieed Petrochemical Holding Co.
|
1,331,784
|
426
|
|
Nebras Energy
|
100,340
|
394
|
|
Ooredoo QPSC
|
222,848
|
812
|
|
Qatar Fuel QSC
|
160,054
|
620
|
|
Qatar Gas Transport Co. Ltd.
|
647,996
|
768
|
|
Qatar International Islamic Bank QSC
|
229,820
|
702
|
|
Qatar Islamic Bank QPSC
|
404,810
|
2,435
|
|
Qatar National Bank QPSC
|
1,054,550
|
4,997
|
|
|
|
14,059
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Romania – 0.0%
|
||
|
NEPI Rockcastle N.V.*
|
146,452
|
$1,311
|
|
Russia – 0.0%
|
||
|
Alrosa PJSC(2) (4)
|
695,290
|
—
|
|
Gazprom PJSC ADR(2) *
|
134
|
—
|
|
Novatek PJSC GDR (Registered)(2) *
|
24,702
|
—
|
|
PhosAgro PJSC GDR(2) (4) *
|
224
|
—
|
|
Polyus PJSC(2) (4) *
|
93,590
|
—
|
|
Rosneft Oil Co. PJSC(2) (4)
|
318,005
|
—
|
|
Sberbank of Russia PJSC(2) (4)
|
2,882,082
|
—
|
|
Sberbank of Russia PJSC (Moscow
Exchange)(2) *
|
56,000
|
—
|
|
Severstal PAO(2) (4)
|
55,330
|
—
|
|
Severstal PAO GDR (Registered)(2) (4) *
|
1,839
|
—
|
|
Surgutneftegas PAO ADR(2) (4) *
|
4,629
|
—
|
|
VK CO Ltd. GDR(2) (4) *
|
30,900
|
—
|
|
VTB Bank PJSC(2) (4)
|
160,113
|
—
|
|
VTB Bank PJSC GDR(2) (5) *
|
11,036
|
—
|
|
VTB Bank PJSC GDR (Registered)(2) (4) *
|
43,343
|
—
|
|
X5 Retail Group N.V. GDR
(Registered)(2) (4) *
|
32,705
|
—
|
|
|
|
—
|
|
Saudi Arabia – 2.3%
|
||
|
ACWA Power Co.*
|
54,809
|
2,834
|
|
Ades Holding Co.
|
73,467
|
364
|
|
Al Rajhi Bank
|
711,749
|
12,495
|
|
Alinma Bank
|
358,279
|
2,331
|
|
Almarai Co. JSC
|
101,801
|
1,233
|
|
Arab National Bank
|
223,288
|
1,233
|
|
Arabian Internet & Communications
Services Co.
|
5,701
|
310
|
|
Bank AlBilad
|
174,504
|
1,134
|
|
Bank Al-Jazira
|
143,283
|
443
|
|
Banque Saudi Fransi
|
291,134
|
1,504
|
|
Bupa Arabia for Cooperative Insurance
Co.
|
18,772
|
876
|
|
Co for Cooperative Insurance (The)
|
18,696
|
733
|
|
Dar Al Arkan Real Estate Development
Co.*
|
134,710
|
647
|
|
Dr. Sulaiman Al Habib Medical
Services Group Co.
|
20,454
|
1,155
|
|
Elm Co.
|
5,630
|
1,035
|
|
Etihad Etisalat Co.
|
88,668
|
1,427
|
|
Jabal Omar Development Co.*
|
166,845
|
672
|
|
Jarir Marketing Co.
|
129,200
|
576
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Saudi Arabia – 2.3%continued
|
||
|
Makkah Construction & Development
Co.
|
28,296
|
$625
|
|
Mouwasat Medical Services Co.
|
23,031
|
391
|
|
Riyad Bank
|
482,954
|
2,561
|
|
SABIC Agri-Nutrients Co.
|
54,703
|
1,803
|
|
SAL Saudi Logistics Services
|
8,701
|
417
|
|
Saudi Arabian Mining Co.*
|
283,843
|
4,473
|
|
Saudi Arabian Oil Co.
|
1,440,365
|
10,003
|
|
Saudi Awwal Bank
|
247,453
|
2,131
|
|
Saudi Basic Industries Corp.
|
206,233
|
2,830
|
|
Saudi Energy Co.
|
184,186
|
873
|
|
Saudi Investment Bank (The)
|
122,515
|
438
|
|
Saudi National Bank (The)
|
711,809
|
7,330
|
|
Saudi Tadawul Group Holding Co.
|
11,247
|
397
|
|
Saudi Telecom Co.
|
488,077
|
5,619
|
|
Yanbu National Petrochemical Co.
|
63,280
|
495
|
|
|
|
71,388
|
|
South Africa – 2.4%
|
||
|
Absa Group Ltd.
|
199,618
|
2,775
|
|
Bid Corp. Ltd.
|
83,467
|
2,277
|
|
Bidvest Group Ltd.
|
77,396
|
1,134
|
|
Capitec Bank Holdings Ltd.
|
21,167
|
6,133
|
|
Clicks Group Ltd.
|
56,313
|
782
|
|
Discovery Ltd.
|
132,017
|
2,133
|
|
FirstRand Ltd.
|
1,229,057
|
7,290
|
|
Gold Fields Ltd.
|
213,704
|
7,168
|
|
Harmony Gold Mining Co. Ltd.
|
136,989
|
2,085
|
|
Impala Platinum Holdings Ltd.
|
216,148
|
2,261
|
|
MTN Group Ltd.
|
420,121
|
5,848
|
|
Naspers Ltd., Class N
|
185,596
|
9,309
|
|
Nedbank Group Ltd.
|
108,402
|
1,787
|
|
Northam Platinum Holdings Ltd.
|
86,530
|
1,253
|
|
OUTsurance Group Ltd.
|
209,973
|
1,007
|
|
Pepkor Holdings Ltd.
|
934,690
|
1,259
|
|
Remgro Ltd.
|
115,298
|
1,385
|
|
Sanlam Ltd.
|
430,652
|
2,324
|
|
Sasol Ltd.*
|
139,612
|
1,380
|
|
Shoprite Holdings Ltd.
|
112,851
|
2,032
|
|
Sibanye Stillwater Ltd.
|
677,057
|
1,435
|
|
Standard Bank Group Ltd.
|
313,711
|
6,181
|
|
Valterra Platinum Ltd.
|
64,021
|
4,293
|
|
Vodacom Group Ltd.
|
145,741
|
1,350
|
|
|
|
74,881
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
South Korea – 22.4%
|
||
|
Alteogen, Inc.*
|
9,617
|
$2,253
|
|
Amorepacific Corp.
|
7,058
|
483
|
|
APR Corp.
|
5,567
|
1,393
|
|
Celltrion, Inc.*
|
36,684
|
4,121
|
|
DB Insurance Co. Ltd.
|
9,637
|
835
|
|
Doosan Co. Ltd.
|
1,795
|
1,746
|
|
Doosan Enerbility Co. Ltd.*
|
107,803
|
6,080
|
|
Ecopro B.M. Co. Ltd.
|
13,292
|
1,231
|
|
Ecopro Co. Ltd.*
|
24,367
|
1,693
|
|
Hana Financial Group, Inc.
|
66,815
|
4,952
|
|
Hankook Tire & Technology Co. Ltd.
|
16,769
|
673
|
|
Hanmi Semiconductor Co. Ltd.
|
9,614
|
1,616
|
|
Hanwha Aerospace Co. Ltd.
|
8,032
|
5,174
|
|
Hanwha Ocean Co. Ltd.*
|
31,503
|
2,049
|
|
Hanwha Systems Co. Ltd.
|
18,275
|
858
|
|
HD Hyundai Co. Ltd.
|
10,354
|
1,338
|
|
HD Hyundai Electric Co. Ltd.
|
5,664
|
3,591
|
|
HD Hyundai Heavy Industries Co. Ltd.
|
7,450
|
2,863
|
|
HD Korea Shipbuilding & Offshore
Engineering Co. Ltd.
|
10,220
|
2,320
|
|
HLB, Inc.*
|
28,125
|
947
|
|
HMM Co. Ltd.
|
48,228
|
580
|
|
HYBE Co. Ltd.*
|
5,799
|
725
|
|
Hyosung Heavy Industries Corp.
|
1,244
|
2,791
|
|
Hyundai Engineering & Construction
Co. Ltd.
|
17,503
|
1,301
|
|
Hyundai Glovis Co. Ltd.
|
9,032
|
1,073
|
|
Hyundai Mobis Co. Ltd.
|
14,203
|
4,620
|
|
Hyundai Motor Co.
|
31,990
|
10,300
|
|
Hyundai Rotem Co. Ltd.
|
17,185
|
1,919
|
|
Industrial Bank of Korea
|
49,855
|
642
|
|
Kakao Corp.
|
74,236
|
1,662
|
|
KakaoBank Corp.
|
32,728
|
443
|
|
KB Financial Group, Inc.
|
85,509
|
8,793
|
|
Kia Corp.
|
56,223
|
5,034
|
|
Korea Aerospace Industries Ltd.
|
17,385
|
1,648
|
|
Korea Electric Power Corp.
|
60,227
|
1,437
|
|
Korea Investment Holdings Co. Ltd.
|
10,236
|
1,479
|
|
Korean Air Lines Co. Ltd.
|
44,652
|
802
|
|
Krafton, Inc.*
|
6,425
|
981
|
|
KT&G Corp.
|
21,924
|
2,405
|
|
LG Chem Ltd.
|
11,115
|
2,019
|
|
LG Corp.
|
21,751
|
1,371
|
|
LG Display Co. Ltd.*
|
65,190
|
494
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
South Korea – 22.4%continued
|
||
|
LG Electronics, Inc.
|
25,495
|
$3,396
|
|
LG Energy Solution Ltd.*
|
11,360
|
2,665
|
|
LG Uplus Corp.
|
32,300
|
292
|
|
LIG Defense&Aerospace Co. Ltd.
|
3,097
|
1,429
|
|
LS Electric Co. Ltd.
|
18,145
|
2,816
|
|
Meritz Financial Group, Inc.*
|
16,575
|
1,134
|
|
Mirae Asset Securities Co. Ltd.
|
47,342
|
1,316
|
|
NAVER Corp.
|
34,070
|
4,393
|
|
NH Investment & Securities Co. Ltd.
|
31,852
|
609
|
|
POSCO Future M Co. Ltd.
|
7,569
|
862
|
|
POSCO Holdings, Inc.
|
17,480
|
3,590
|
|
Posco International Corp.
|
11,613
|
368
|
|
Samsung Biologics Co. Ltd.(5) *
|
2,802
|
2,525
|
|
Samsung C&T Corp.
|
19,572
|
5,988
|
|
Samsung Electro-Mechanics Co. Ltd.
|
13,494
|
19,509
|
|
Samsung Electronics Co. Ltd.
|
1,126,199
|
246,206
|
|
Samsung Episholdings Co. Ltd.*
|
1,387
|
388
|
|
Samsung Fire & Marine Insurance Co.
Ltd.
|
6,992
|
2,800
|
|
Samsung Heavy Industries Co. Ltd.*
|
156,135
|
2,360
|
|
Samsung Life Insurance Co. Ltd.
|
19,493
|
5,089
|
|
Samsung SDI Co. Ltd.*
|
14,426
|
4,563
|
|
Samsung SDS Co. Ltd.
|
9,047
|
1,123
|
|
Samyang Foods Co. Ltd.
|
933
|
675
|
|
Shinhan Financial Group Co. Ltd.
|
100,373
|
6,219
|
|
SK hynix, Inc.
|
133,007
|
234,666
|
|
SK Innovation Co. Ltd.*
|
15,998
|
981
|
|
SK Square Co. Ltd.*
|
22,253
|
24,786
|
|
SK Telecom Co. Ltd.
|
25,927
|
1,484
|
|
SK, Inc.
|
8,775
|
4,785
|
|
S-Oil Corp.
|
10,768
|
733
|
|
Woori Financial Group, Inc.
|
152,866
|
2,868
|
|
Yuhan Corp.
|
13,552
|
616
|
|
|
|
689,969
|
|
Taiwan – 26.8%
|
||
|
Accton Technology Corp.
|
121,000
|
9,568
|
|
Advantech Co. Ltd.
|
114,661
|
1,793
|
|
Alchip Technologies Ltd.
|
18,644
|
2,501
|
|
ASE Technology Holding Co. Ltd.
|
803,055
|
17,342
|
|
Asia Vital Components Co. Ltd.
|
77,250
|
6,195
|
|
ASPEED Technology, Inc.
|
7,300
|
3,817
|
|
Asustek Computer, Inc.
|
161,546
|
3,567
|
|
Bizlink Holding, Inc.
|
41,000
|
2,492
|
|
Caliway Biopharmaceuticals Co. Ltd.*
|
197,000
|
623
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Taiwan – 26.8%continued
|
||
|
Cathay Financial Holding Co. Ltd.
|
2,292,850
|
$7,126
|
|
Chailease Holding Co. Ltd.
|
359,169
|
1,328
|
|
Chang Hwa Commercial Bank Ltd.
|
1,647,053
|
1,243
|
|
China Steel Corp.
|
3,057,800
|
1,812
|
|
Chroma ATE, Inc.
|
87,000
|
5,970
|
|
Chunghwa Telecom Co. Ltd.
|
914,260
|
4,062
|
|
CTBC Financial Holding Co. Ltd.
|
4,014,707
|
8,984
|
|
Delta Electronics, Inc.
|
468,313
|
28,986
|
|
E Ink Holdings, Inc.
|
201,000
|
1,374
|
|
E.Sun Financial Holding Co. Ltd.
|
3,390,721
|
3,676
|
|
Elite Material Co. Ltd.
|
69,266
|
11,853
|
|
eMemory Technology, Inc.
|
16,000
|
1,482
|
|
Eva Airways Corp.
|
670,996
|
949
|
|
Evergreen Marine Corp. Taiwan Ltd.
|
252,544
|
1,464
|
|
Far EasTone Telecommunications Co.
Ltd.
|
414,345
|
1,368
|
|
First Financial Holding Co. Ltd.
|
2,666,253
|
2,748
|
|
Formosa Chemicals & Fibre Corp.
|
808,499
|
1,388
|
|
Formosa Plastics Corp.
|
950,201
|
1,628
|
|
Fortune Electric Co. Ltd.
|
35,942
|
882
|
|
Fubon Financial Holding Co. Ltd.
|
2,022,668
|
8,253
|
|
Gigabyte Technology Co. Ltd.
|
126,994
|
1,393
|
|
Global Unichip Corp.
|
21,022
|
3,274
|
|
Globalwafers Co. Ltd.
|
62,709
|
2,028
|
|
Gold Circuit Electronics Ltd.
|
79,070
|
3,010
|
|
Hon Hai Precision Industry Co. Ltd.
|
2,946,248
|
23,618
|
|
Hon Precision, Inc.
|
19,512
|
4,033
|
|
Hotai Motor Co. Ltd.
|
62,361
|
915
|
|
Hua Nan Financial Holdings Co. Ltd.
|
2,142,305
|
2,571
|
|
Innolux Corp.
|
1,761,457
|
3,841
|
|
International Games System Co. Ltd.
|
55,187
|
1,371
|
|
Inventec Corp.
|
628,314
|
1,335
|
|
Jentech Precision Industrial Co. Ltd.
|
20,934
|
2,275
|
|
KGI Financial Holding Co. Ltd.
|
3,716,015
|
3,363
|
|
King Slide Works Co. Ltd.
|
14,000
|
3,272
|
|
King Yuan Electronics Co. Ltd.
|
267,000
|
2,881
|
|
Largan Precision Co. Ltd.
|
22,835
|
3,095
|
|
Lite-On Technology Corp.
|
475,964
|
3,346
|
|
Lotes Co. Ltd.
|
19,906
|
1,330
|
|
MediaTek, Inc.
|
348,091
|
47,532
|
|
Mega Financial Holding Co. Ltd.
|
2,755,700
|
3,998
|
|
MPI Corp.
|
21,000
|
4,058
|
|
Nan Ya Plastics Corp.
|
1,149,562
|
6,064
|
|
Novatek Microelectronics Corp.
|
141,988
|
2,408
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Taiwan – 26.8%continued
|
||
|
Pegatron Corp.
|
513,527
|
$1,355
|
|
PharmaEssentia Corp.
|
68,824
|
2,914
|
|
President Chain Store Corp.
|
134,220
|
940
|
|
Quanta Computer, Inc.
|
649,440
|
7,546
|
|
Realtek Semiconductor Corp.
|
119,832
|
3,062
|
|
Shanghai Commercial & Savings Bank
(The) Ltd.
|
846,798
|
1,137
|
|
SinoPac Financial Holdings Co. Ltd.
|
2,934,705
|
3,701
|
|
Taiwan Business Bank
|
1,719,053
|
960
|
|
Taiwan Cooperative Financial Holding
Co. Ltd.
|
2,511,032
|
1,963
|
|
Taiwan Mobile Co. Ltd.
|
408,076
|
1,494
|
|
Taiwan Semiconductor Manufacturing
Co. Ltd.
|
5,933,709
|
455,641
|
|
TCC Group Holdings Co. Ltd.
|
1,609,231
|
1,218
|
|
TS Financial Holding Co. Ltd.
|
5,085,905
|
5,329
|
|
Unimicron Technology Corp.
|
321,944
|
10,962
|
|
Uni-President Enterprises Corp.
|
1,157,150
|
2,711
|
|
United Microelectronics Corp.
|
2,722,175
|
14,603
|
|
Vanguard International Semiconductor
Corp.
|
301,033
|
2,083
|
|
Wan Hai Lines Ltd.
|
147,005
|
366
|
|
Wistron Corp.
|
729,925
|
3,653
|
|
Wiwynn Corp.
|
25,000
|
3,668
|
|
Ya Hsin Industrial Co. Ltd.(2) *
|
121,548
|
—
|
|
Yageo Corp.
|
374,500
|
13,548
|
|
Yang Ming Marine Transport Corp.
|
416,000
|
680
|
|
Yuanta Financial Holding Co. Ltd.
|
2,582,486
|
5,370
|
|
Zhen Ding Technology Holding Ltd.
|
179,850
|
3,596
|
|
|
|
823,985
|
|
Thailand – 0.9%
|
||
|
Advanced Info Service PCL (Registered)
|
194,000
|
2,148
|
|
Advanced Info Service PCL NVDR
|
47,499
|
527
|
|
Airports of Thailand PCL NVDR†
|
962,900
|
1,884
|
|
Bangkok Dusit Medical Services PCL
NVDR
|
2,456,400
|
1,434
|
|
Bumrungrad Hospital PCL NVDR
|
134,787
|
770
|
|
Central Pattana PCL NVDR
|
544,100
|
1,107
|
|
Charoen Pokphand Foods PCL NVDR
|
858,957
|
510
|
|
CP ALL PCL (Registered)
|
905,200
|
1,274
|
|
CP ALL PCL NVDR
|
356,436
|
506
|
|
Delta Electronics Thailand PCL NVDR†
|
749,000
|
7,456
|
|
Gulf Development PCL NVDR
(Registered)
|
901,686
|
1,684
|
|
Kasikornbank PCL NVDR
|
144,800
|
955
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Thailand – 0.9%continued
|
||
|
Krung Thai Bank PCL (Registered)
|
515,250
|
$589
|
|
Krung Thai Bank PCL NVDR
|
277,393
|
319
|
|
Minor International PCL NVDR†
|
640,930
|
480
|
|
PTT Exploration & Production PCL
(Registered)
|
242,500
|
978
|
|
PTT Exploration & Production PCL
NVDR
|
35,043
|
140
|
|
PTT PCL (Registered)
|
1,835,000
|
1,961
|
|
PTT PCL NVDR
|
577,000
|
618
|
|
SCB X PCL (Registered)
|
145,800
|
650
|
|
SCB X PCL NVDR
|
54,476
|
243
|
|
Siam Cement (The) PCL (Registered)
|
51,000
|
375
|
|
Siam Cement (The) PCL NVDR
|
111,498
|
827
|
|
TMBThanachart Bank PCL NVDR
|
6,009,400
|
446
|
|
True Corp. PCL NVDR (Registered)
|
2,548,423
|
997
|
|
|
|
28,878
|
|
Turkey – 0.4%
|
||
|
Akbank T.A.S.
|
683,144
|
1,131
|
|
Anadolu Efes Biracilik Ve Malt Sanayii
A.S.(6)
|
8
|
—
|
|
Aselsan Elektronik Sanayi Ve Ticaret
A.S.
|
275,259
|
2,035
|
|
BIM Birlesik Magazalar A.S.
|
214,704
|
1,684
|
|
Eregli Demir ve Celik Fabrikalari T.A.S.
|
863,320
|
750
|
|
Haci Omer Sabanci Holding A.S.
|
267,211
|
560
|
|
Is Gayrimenkul Yatirim Ortakligi A.S.
|
1
|
—
|
|
KOC Holding A.S.
|
191,856
|
797
|
|
Turk Hava Yollari A.O.
|
134,583
|
943
|
|
Turkcell Iletisim Hizmetleri A.S.
|
228,398
|
527
|
|
Turkiye Is Bankasi A.S., Class C
|
1,986,419
|
632
|
|
Turkiye Petrol Rafinerileri A.S.
|
239,325
|
1,166
|
|
Yapi ve Kredi Bankasi A.S.*
|
856,628
|
740
|
|
|
|
10,965
|
|
United Arab Emirates – 1.1%
|
||
|
Abu Dhabi Commercial Bank PJSC
|
757,877
|
2,997
|
|
Abu Dhabi Islamic Bank PJSC
|
337,932
|
1,900
|
|
Abu Dhabi National Oil Co. for
Distribution PJSC
|
633,978
|
678
|
|
ADNOC Drilling Co. PJSC
|
679,219
|
1,061
|
|
Adnoc Gas PLC
|
1,728,880
|
1,620
|
|
ADNOC Logistics & Services
|
428,315
|
703
|
|
Air Arabia PJSC
|
517,880
|
771
|
|
Aldar Properties PJSC
|
928,947
|
2,104
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
United Arab Emirates – 1.1%continued
|
||
|
Dubai Electricity & Water Authority
PJSC
|
1,431,094
|
$1,082
|
|
Dubai Islamic Bank PJSC
|
694,204
|
1,416
|
|
Emaar Development PJSC
|
212,322
|
806
|
|
Emaar Properties PJSC
|
1,484,365
|
4,861
|
|
Emirates NBD Bank PJSC
|
452,031
|
3,655
|
|
Emirates Telecommunications Group
Co. PJSC
|
813,015
|
4,257
|
|
First Abu Dhabi Bank PJSC
|
1,078,077
|
5,005
|
|
Salik Co. PJSC
|
451,438
|
726
|
|
|
|
33,642
|
|
United States – 0.2%
|
||
|
Aura Minerals, Inc.
|
8,176
|
515
|
|
BeOne Medicines Ltd., Class H*
|
193,534
|
4,222
|
|
JBS N.V. BDR
|
72,018
|
848
|
|
JBS N.V., Class A
|
10,930
|
130
|
|
Legend Biotech Corp. ADR*
|
16,311
|
471
|
|
|
|
6,186
|
|
Total Common Stocks
|
|
|
|
(Cost $1,316,897)
|
|
2,944,773
|
|
|
|
|
|
PREFERRED STOCKS – 2.0% (1)
|
||
|
Brazil – 0.9%
|
||
|
Axia Energia S.A.*
|
84
|
1
|
|
Axia Energia S.A., Class C*
|
88,897
|
918
|
|
Banco Bradesco S.A.*
|
1,283,894
|
4,492
|
|
Cia Energetica de Minas Gerais,
2.17%(7)
|
414,321
|
868
|
|
Gerdau S.A., 3.46%(7)
|
318,046
|
1,281
|
|
Itau Unibanco Holding S.A., 4.30%(7)
|
1,320,889
|
10,818
|
|
Itausa S.A., 5.68%(7)
|
1,422,528
|
3,693
|
|
Klabin S.A., 1.35%(6) (7)
|
3
|
—
|
|
Petroleo Brasileiro S.A. - Petrobras,
3.23%(7)
|
1,040,661
|
7,614
|
|
|
|
29,685
|
|
Chile – 0.1%
|
||
|
Sociedad Quimica y Minera de Chile
S.A., Class B, 1.35%(7)
|
33,925
|
2,519
|
|
Colombia – 0.1%
|
||
|
Grupo Cibest S.A., 6.67%(7)
|
105,067
|
2,078
|
|
South Korea – 0.9%
|
||
|
Hyundai Motor Co., 4.63%(7)
|
5,162
|
734
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
PREFERRED STOCKS – 2.0% (1)continued
|
||
|
South Korea – 0.9%continued
|
||
|
Hyundai Motor Co. (2nd Preferred),
4.69%(7)
|
8,354
|
$1,181
|
|
Samsung Electronics Co. Ltd., 0.79%(7)
|
193,610
|
27,109
|
|
|
|
29,024
|
|
Total Preferred Stocks
|
|
|
|
(Cost $27,816)
|
|
63,306
|
|
|
|
|
|
INVESTMENT COMPANIES – 1.4%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(8) (9) (10)
|
2,444,785
|
2,445
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(8) (9)
|
40,740,021
|
40,740
|
|
Total Investment Companies
|
|
|
|
(Cost $43,185)
|
|
43,185
|
|
|
|
|
|
Total Investments – 99.1%
|
|
|
|
(Cost $1,387,898)
|
|
3,051,264
|
|
Other Assets less Liabilities – 0.9%
|
|
26,302
|
|
Net Assets – 100.0%
|
|
$3,077,566
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(3)
|
When-Issued Security. Coupon rate is not in effect at June 30, 2026.
|
|
(4)
|
Restricted security. At June 30, 2026, the value of these restricted securities
amounted to $0 or 0.0% of net assets. Additional information on these
restricted securities are as follows:
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
Alrosa PJSC
|
5/30/14-8/20/20
|
$775
|
|
PhosAgro PJSC GDR
|
7/12/16-1/17/19
|
3
|
|
Polyus PJSC
|
11/30/17-3/25/21
|
1,046
|
|
Rosneft Oil Co. PJSC
|
3/16/17-3/5/21
|
1,951
|
|
Sberbank of Russia PJSC
|
5/7/09-6/17/21
|
5,525
|
|
Severstal PAO
|
2/26/10-3/25/21
|
815
|
|
Severstal PAO GDR (Registered)
|
7/30/09
|
12
|
|
Surgutneftegas PAO ADR
|
4/21/16
|
25
|
|
VK CO Ltd. GDR
|
11/30/20-3/5/21
|
880
|
|
VTB Bank PJSC
|
4/21/16-8/20/20
|
818
|
|
VTB Bank PJSC GDR (Registered)
|
4/2/09-7/30/09
|
91
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
X5 Retail Group N.V. GDR (Registered)
|
5/31/18-2/18/21
|
$953
|
|
|
|
|
(5)
|
Security exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration to qualified institutional investors. At June 30,
2026, the value of these securities amounted to approximately $2,525,000
or 0.1% of net assets.
|
|
(6)
|
Value rounds to less than one thousand.
|
|
(7)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
(8)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(9)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(10)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ADR – American Depositary Receipt
|
|
|
|
BDR – Brazilian Depositary Receipt
|
|
|
|
CPO – Certificado de Participación Ordinario
|
|
|
|
GDR – Global Depositary Receipt
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
NVDR – Non-Voting Depositary Receipt
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Bank of Montreal
|
Hong Kong
Dollar
|
2,576
|
United States
Dollar
|
330
|
9/16/26
|
$1
|
|
Goldman Sachs
|
Brazilian Real
|
5,762
|
United States
Dollar
|
1,120
|
9/16/26
|
24
|
|
Goldman Sachs
|
Korean Won
|
1,861,409
|
United States
Dollar
|
1,241
|
9/16/26
|
36
|
|
Goldman Sachs
|
Taiwan Dollar
|
35,797
|
United States
Dollar
|
1,135
|
9/16/26
|
14
|
|
Subtotal Appreciation
|
|
|
|
|
75
|
|
|
BNP Paribas
|
South African
Rand
|
4,908
|
United States
Dollar
|
297
|
9/16/26
|
(—
)*
|
|
Schedule of Investments
|
|
EMERGING MARKETS EQUITY INDEX FUND continued
|
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Goldman Sachs
|
Indian Rupee
|
11,276
|
United States
Dollar
|
116
|
9/16/26
|
$(2
)
|
|
Subtotal Depreciation
|
|
|
|
|
(2
)
|
|
|
Total
|
|
|
|
|
|
$73
|
|
*
|
Amount rounds to less than one thousand.
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
MSCI
Emerging
Markets Index
(United States
Dollar)
|
959
|
$84,263
|
Long
|
9/26
|
$1,635
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Information Technology
|
44.4
%
|
|
Financials
|
18.7
|
|
Consumer Discretionary
|
7.2
|
|
Industrials
|
6.5
|
|
Communication Services
|
6.2
|
|
Materials
|
4.7
|
|
Energy
|
3.0
|
|
Consumer Staples
|
2.5
|
|
Health Care
|
2.2
|
|
Utilities
|
1.7
|
|
Real Estate
|
0.6
|
|
Short-Term Investments
|
1.4
|
|
Total Investments
|
99.1
|
|
Other Assets less Liabilities
|
0.9
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Brazil
|
$81,502
|
$—
|
$—
|
$81,502
|
|
Chile
|
10,721
|
—
|
—
|
10,721
|
|
China
|
17,965
|
544,043
|
—
|
562,008
|
|
Colombia
|
2,249
|
—
|
—
|
2,249
|
|
Egypt
|
1,558
|
623
|
—
|
2,181
|
|
India
|
1,524
|
330,424
|
—
|
331,948
|
|
Kazakhstan
|
789
|
—
|
—
|
789
|
|
Mexico
|
53,300
|
—
|
—
|
53,300
|
|
Peru
|
7,517
|
—
|
—
|
7,517
|
|
United States
|
1,964
|
4,222
|
—
|
6,186
|
|
All Other Countries(1)
|
—
|
1,886,372
|
—
|
1,886,372
|
|
Total Common Stocks
|
179,089
|
2,765,684
|
—
|
2,944,773
|
|
Preferred Stocks:
|
|
|
|
|
|
Brazil
|
29,684
|
1
|
—
|
29,685
|
|
South Korea
|
—
|
29,024
|
—
|
29,024
|
|
All Other Countries(1)
|
4,597
|
—
|
—
|
4,597
|
|
Total Preferred Stocks
|
34,281
|
29,025
|
—
|
63,306
|
|
Investment Companies
|
43,185
|
—
|
—
|
43,185
|
|
Total Investments
|
$256,555
|
$2,794,709
|
$—
|
$3,051,264
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
$—
|
$75
|
$—
|
$75
|
|
Futures Contracts
|
1,635
|
—
|
—
|
1,635
|
|
Liabilities
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
—
|
(2
)
|
—
|
(2
)
|
|
Total Other Financial
Instruments
|
$1,635
|
$73
|
$—
|
$1,708
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$3,727
|
$8,562
|
$9,844
|
$2,445
|
2,444,785
|
$9
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
40,735
|
141,296
|
141,291
|
40,740
|
40,740,021
|
573
|
|
Total
|
$44,462
|
$149,858
|
$151,135
|
$43,185
|
43,184,806
|
$582
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
GLOBAL REAL ESTATE INDEX FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)
|
||
|
Australia – 4.6%
|
||
|
Abacus Group
|
150,237
|
$100
|
|
Abacus Storage King
|
163,252
|
152
|
|
Arena REIT
|
158,665
|
342
|
|
BWP Trust
|
231,517
|
609
|
|
Centuria Industrial REIT†
|
208,909
|
441
|
|
Charter Hall Long Wale REIT
|
243,083
|
616
|
|
Charter Hall Retail REIT
|
197,928
|
539
|
|
Charter Hall Social Infrastructure REIT
|
116,719
|
217
|
|
Dexus
|
414,599
|
1,554
|
|
Dexus Industria REIT
|
87,871
|
148
|
|
Gemlife Communities Group
|
67,034
|
213
|
|
Goodman Group
|
775,812
|
16,818
|
|
GPT Group (The)
|
749,363
|
2,541
|
|
Growthpoint Properties Australia Ltd.
|
90,683
|
136
|
|
HomeCo Daily Needs REIT
|
678,171
|
600
|
|
Ingenia Communities Group
|
162,023
|
498
|
|
Mirvac Group
|
1,524,970
|
1,821
|
|
Region Group
|
450,194
|
724
|
|
Scentre Group
|
2,036,603
|
5,455
|
|
Stockland
|
947,123
|
2,683
|
|
Vicinity Ltd.
|
1,542,419
|
2,747
|
|
Waypoint REIT Ltd.
|
239,433
|
402
|
|
|
|
39,356
|
|
Austria – 0.1%
|
||
|
CA Immobilien Anlagen A.G.
|
10,049
|
262
|
|
CPI Europe A.G.*
|
13,257
|
233
|
|
|
|
495
|
|
Belgium – 0.8%
|
||
|
Aedifica S.A.
|
32,178
|
2,596
|
|
Cofinimmo S.A.
|
3,063
|
290
|
|
Montea N.V.
|
7,676
|
587
|
|
Retail Estates N.V.
|
4,154
|
326
|
|
Shurgard Self Storage Ltd.
|
11,015
|
322
|
|
Vastned N.V.
|
3,197
|
108
|
|
Warehouses De Pauw - C.V.A.
|
73,782
|
1,861
|
|
Xior Student Housing N.V.
|
15,745
|
474
|
|
|
|
6,564
|
|
Brazil – 0.3%
|
||
|
Allos S.A.
|
152,559
|
827
|
|
Iguatemi S.A.
|
87,600
|
426
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Brazil – 0.3%continued
|
||
|
JHSF Participacoes S.A.
|
112,900
|
$247
|
|
Multiplan Empreendimentos
Imobiliarios S.A.*
|
132,572
|
750
|
|
|
|
2,250
|
|
Canada – 1.0%
|
||
|
Allied Properties Real Estate Investment
Trust
|
33,613
|
233
|
|
Boardwalk Real Estate Investment Trust
|
9,191
|
420
|
|
BSR Real Estate Investment Trust
|
13,165
|
154
|
|
Canadian Apartment Properties REIT
|
29,852
|
734
|
|
Choice Properties Real Estate
Investment Trust
|
60,022
|
692
|
|
Crombie Real Estate Investment Trust
|
19,429
|
238
|
|
CT Real Estate Investment Trust
|
19,419
|
248
|
|
Dream Industrial Real Estate Investment
Trust
|
53,414
|
527
|
|
First Capital Real Estate Investment Trust
|
39,371
|
642
|
|
Granite Real Estate Investment Trust
|
11,614
|
785
|
|
H&R Real Estate Investment Trust
|
49,547
|
384
|
|
InterRent Real Estate Investment Trust
|
26,018
|
238
|
|
Killam Apartment Real Estate Investment
Trust
|
24,464
|
320
|
|
Mainstreet Equity Corp.
|
1,646
|
197
|
|
Primaris Real Estate Investment Trust
|
23,291
|
366
|
|
RioCan Real Estate Investment Trust
|
56,372
|
902
|
|
Slate Grocery REIT, Class U
|
10,998
|
135
|
|
SmartCentres Real Estate Investment
Trust
|
27,516
|
588
|
|
StorageVault Canada, Inc.
|
90,166
|
296
|
|
Vital Infrastructure Property Trust
|
48,991
|
190
|
|
|
|
8,289
|
|
Chile – 0.3%
|
||
|
Parque Arauco S.A.
|
289,954
|
1,216
|
|
Plaza S.A.
|
297,063
|
1,224
|
|
|
|
2,440
|
|
China – 1.3%
|
||
|
C&D International Investment Group
Ltd.
|
345,549
|
596
|
|
China Jinmao Holdings Group Ltd.
|
2,084,042
|
328
|
|
China Merchants Shekou Industrial
Zone Holdings Co. Ltd., Class A
|
200,300
|
190
|
|
China Overseas Grand Oceans Group
Ltd.
|
664,500
|
190
|
|
China Overseas Land & Investment Ltd.
|
1,498,542
|
2,315
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
China – 1.3%continued
|
||
|
China Resources Land Ltd.
|
1,112,398
|
$4,271
|
|
China Vanke Co. Ltd., Class A*
|
219,340
|
96
|
|
Country Garden Holdings Co. Ltd.*
|
7,993,000
|
171
|
|
Greentown China Holdings Ltd.*
|
393,500
|
340
|
|
Hopson Development Holdings Ltd.(2) *
|
348,773
|
107
|
|
Logan Group Co. Ltd.*
|
536,000
|
99
|
|
Longfor Group Holdings Ltd.
|
816,357
|
626
|
|
Poly Developments and Holdings
Group Co. Ltd., Class A
|
257,400
|
176
|
|
Poly Property Group Co. Ltd.
|
783,000
|
157
|
|
Sasseur Real Estate Investment Trust
|
213,400
|
112
|
|
Seazen Group Ltd.*
|
913,904
|
155
|
|
Shanghai Jinqiao Export Processing
Zone Development Co. Ltd., Class B
|
108,216
|
81
|
|
Shanghai Zhangjiang High-Tech Park
Development Co. Ltd., Class A
|
34,200
|
189
|
|
Shenzhen Investment Ltd.*
|
871,191
|
68
|
|
Shui On Land Ltd.*
|
1,178,777
|
69
|
|
Sunac China Holdings Ltd.*
|
3,474,000
|
276
|
|
Yanlord Land Group Ltd.†
|
227,600
|
111
|
|
Yuexiu Property Co. Ltd.
|
580,674
|
248
|
|
|
|
10,971
|
|
Egypt – 0.1%
|
||
|
Talaat Moustafa Group
|
274,486
|
528
|
|
Finland – 0.1%
|
||
|
Lumo Kodit OYJ
|
62,743
|
533
|
|
France – 1.5%
|
||
|
Altarea S.C.A.
|
1,567
|
175
|
|
ARGAN S.A.
|
5,165
|
357
|
|
Carmila S.A.
|
24,433
|
465
|
|
Covivio S.A./France
|
20,050
|
1,229
|
|
Gecina S.A.
|
17,360
|
1,460
|
|
ICADE
|
10,989
|
241
|
|
Klepierre S.A.
|
84,039
|
3,514
|
|
Mercialys S.A.
|
36,072
|
483
|
|
Nexity S.A.*
|
16,647
|
149
|
|
Unibail-Rodamco-Westfield*
|
42,168
|
4,932
|
|
|
|
13,005
|
|
Germany – 1.4%
|
||
|
Aroundtown S.A.* †
|
260,010
|
690
|
|
Grand City Properties S.A.* †
|
13,950
|
144
|
|
LEG Immobilien S.E.
|
29,191
|
1,843
|
|
Sirius Real Estate Ltd.
|
620,685
|
797
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Germany – 1.4%continued
|
||
|
TAG Immobilien A.G.
|
72,702
|
$1,172
|
|
Vonovia S.E.
|
281,052
|
6,935
|
|
|
|
11,581
|
|
Greece – 0.0%
|
||
|
LAMDA Development S.A.*
|
25,420
|
194
|
|
Hong Kong – 3.2%
|
||
|
Art Group Holdings Ltd.*
|
595,000
|
216
|
|
Champion REIT
|
679,000
|
179
|
|
CK Asset Holdings Ltd.
|
683,000
|
3,866
|
|
Fortune Real Estate Investment Trust
|
570,000
|
320
|
|
Hang Lung Group Ltd.
|
301,000
|
482
|
|
Hang Lung Properties Ltd.
|
692,674
|
611
|
|
Henderson Land Development Co. Ltd.†
|
513,555
|
1,630
|
|
Hongkong Land Holdings Ltd.
|
378,518
|
2,708
|
|
Hysan Development Co. Ltd.
|
227,045
|
480
|
|
K Wah International Holdings Ltd.
|
435,000
|
107
|
|
Kerry Properties Ltd.
|
226,099
|
522
|
|
Link REIT
|
1,020,626
|
4,761
|
|
New World Development Co. Ltd.*
|
536,000
|
434
|
|
Sino Land Co. Ltd.
|
1,486,258
|
1,955
|
|
Sun Hung Kai Properties Ltd.
|
507,925
|
7,320
|
|
Wharf Real Estate Investment Co. Ltd.
|
595,317
|
1,631
|
|
|
|
27,222
|
|
India – 1.4%
|
||
|
Aditya Birla Real Estate Ltd.
|
19,198
|
270
|
|
Anant Raj Ltd.
|
46,308
|
258
|
|
Brigade Enterprises Ltd.
|
59,321
|
315
|
|
Brookfield India Real Estate Trust
|
206,401
|
723
|
|
DLF Ltd.
|
243,032
|
1,601
|
|
Embassy Office Parks REIT
|
330,019
|
1,525
|
|
Godrej Properties Ltd.*
|
51,012
|
1,012
|
|
Lodha Developers Ltd.
|
103,486
|
1,050
|
|
Mahindra Lifespace Developers Ltd.
|
32,040
|
124
|
|
Mindspace Business Parks REIT
|
75,144
|
376
|
|
NESCO Ltd.
|
7,499
|
86
|
|
Nexus Select Trust
|
314,401
|
542
|
|
Oberoi Realty Ltd.
|
47,336
|
887
|
|
Phoenix Mills (The) Ltd.
|
71,016
|
1,467
|
|
Prestige Estates Projects Ltd.
|
67,127
|
1,122
|
|
SignatureGlobal India Ltd.*
|
10,712
|
84
|
|
Sobha Ltd.
|
17,509
|
256
|
|
Valor Estate Ltd.*
|
68,000
|
80
|
|
|
|
11,778
|
|
Schedule of Investments
|
|
GLOBAL REAL ESTATE INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Indonesia – 0.0%
|
||
|
Ciputra Development Tbk PT
|
2,920,936
|
$91
|
|
Pakuwon Jati Tbk PT
|
6,240,640
|
84
|
|
Rimo International Lestari Tbk PT(2) *
|
42,545,100
|
—
|
|
|
|
175
|
|
Ireland – 0.0%
|
||
|
Irish Residential Properties REIT PLC
|
190,469
|
254
|
|
Israel – 1.2%
|
||
|
Africa Israel Residences Ltd.
|
2,162
|
158
|
|
Amot Investments Ltd.
|
93,603
|
583
|
|
Amram Avraham Construction Co. Ltd.*
|
11,054
|
149
|
|
Aura Investments Ltd.
|
61,036
|
378
|
|
Azrieli Group Ltd.
|
17,054
|
2,321
|
|
Blue Square Real Estate Ltd.
|
1,818
|
198
|
|
Electra Real Estate Ltd.*
|
12,960
|
195
|
|
Israel Canada T.R Ltd.
|
68,301
|
404
|
|
Isras Holdings Ltd.
|
1,371
|
162
|
|
Isras Investment Co. Ltd.
|
452
|
128
|
|
Mega Or Holdings Ltd.
|
9,493
|
1,916
|
|
Melisron Ltd.
|
9,245
|
1,299
|
|
Mivne Real Estate KD Ltd.
|
223,860
|
978
|
|
Prashkovsky Investments and
Construction Ltd.
|
2,607
|
133
|
|
REIT 1 Ltd.
|
76,174
|
553
|
|
Sella Capital Real Estate Ltd.
|
82,780
|
254
|
|
Summit Real Estate Holdings Ltd.
|
13,256
|
212
|
|
YH Dimri Construction & Development
Ltd.
|
3,753
|
453
|
|
|
|
10,474
|
|
Japan – 8.1%
|
||
|
Activia Properties, Inc.
|
761
|
643
|
|
Advance Residence Investment Corp.
|
1,076
|
997
|
|
AEON REIT Investment Corp.
|
618
|
468
|
|
Comforia Residential REIT, Inc.
|
765
|
485
|
|
CRE Logistics REIT, Inc.
|
238
|
206
|
|
Daiwa House Industry Co. Ltd.
|
218,500
|
5,915
|
|
Daiwa House REIT Investment Corp.
|
1,671
|
1,240
|
|
Daiwa Office Investment Corp.
|
208
|
419
|
|
Daiwa Securities Living Investments
Corp.
|
730
|
447
|
|
Fukuoka REIT Corp.
|
269
|
286
|
|
Global One Real Estate Investment
Corp.
|
422
|
283
|
|
GLP J-REIT
|
1,635
|
1,384
|
|
Goldcrest Co. Ltd.
|
5,600
|
112
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Japan – 8.1%continued
|
||
|
Hankyu Hanshin REIT, Inc.
|
209
|
$179
|
|
Heiwa Real Estate Co. Ltd.
|
13,500
|
200
|
|
Heiwa Real Estate REIT, Inc.
|
389
|
322
|
|
Hoshino Resorts REIT, Inc.
|
229
|
339
|
|
Hulic Co. Ltd.
|
177,940
|
1,856
|
|
Hulic REIT, Inc.
|
453
|
434
|
|
Ichigo Office REIT Investment Corp.
|
336
|
193
|
|
Ichigo, Inc.
|
70,600
|
191
|
|
Industrial & Infrastructure Fund
Investment Corp.
|
829
|
726
|
|
Invincible Investment Corp.
|
2,867
|
1,058
|
|
Japan Excellent, Inc.
|
438
|
370
|
|
Japan Hotel REIT Investment Corp.
|
2,310
|
1,130
|
|
Japan Logistics Fund, Inc.
|
1,079
|
631
|
|
Japan Metropolitan Fund Invest
|
2,775
|
1,917
|
|
Japan Prime Realty Investment Corp.
|
1,342
|
772
|
|
Japan Real Estate Investment Corp.
|
2,530
|
1,807
|
|
Katitas Co. Ltd.
|
19,800
|
406
|
|
KDX Realty Investment Corp.
|
1,532
|
1,464
|
|
Keihanshin Building Co. Ltd.
|
22,400
|
149
|
|
LaSalle Logiport REIT
|
615
|
552
|
|
Leopalace21 Corp.
|
89,200
|
357
|
|
Mirai Corp.
|
768
|
198
|
|
MIRARTH Real Estate Investment Corp.
|
412
|
210
|
|
Mitsubishi Estate Co. Ltd.
|
402,880
|
10,254
|
|
Mitsubishi Estate Logistics REIT
Investment Corp.
|
505
|
372
|
|
Mitsui Fudosan Accommodations Fund,
Inc.
|
893
|
669
|
|
Mitsui Fudosan Co. Ltd.
|
965,986
|
8,900
|
|
Mitsui Fudosan Logistics Park, Inc.
|
1,214
|
806
|
|
Mitsui Fudosan Retail Fund Investment
Corp.
|
988
|
489
|
|
Mori Hills REIT Investment Corp.
|
557
|
441
|
|
Mori Trust REIT, Inc.
|
1,005
|
460
|
|
Nippon Building Fund, Inc.
|
2,934
|
2,270
|
|
Nippon Prologis REIT, Inc.
|
2,591
|
1,386
|
|
NIPPON REIT Investment Corp.
|
704
|
363
|
|
Nomura Real Estate Holdings, Inc.
|
213,600
|
1,227
|
|
Nomura Real Estate Master Fund, Inc.*
|
1,527
|
1,429
|
|
NTT UD REIT Investment Corp.
|
556
|
466
|
|
Orix JREIT, Inc.
|
2,029
|
1,219
|
|
Samty Residential Investment Corp.†
|
147
|
87
|
|
Sekisui House REIT, Inc.
|
1,520
|
715
|
|
SOSiLA Logistics REIT, Inc.
|
279
|
195
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Japan – 8.1%continued
|
||
|
Star Asia Investment Corp.
|
932
|
$316
|
|
Sumitomo Realty & Development Co.
Ltd.
|
228,150
|
5,249
|
|
Sun Frontier Fudousan Co. Ltd.
|
9,700
|
145
|
|
Tokyo Tatemono Co. Ltd.
|
69,500
|
1,407
|
|
Tokyu REIT, Inc.
|
262
|
298
|
|
Tosei Corp.
|
23,400
|
244
|
|
United Urban Investment Corp.
|
1,136
|
1,135
|
|
|
|
68,888
|
|
Kuwait – 0.2%
|
||
|
Commercial Real Estate Co. K.S.C.
|
614,290
|
385
|
|
Kuwait Real Estate Co. K.S.C.*
|
343,207
|
388
|
|
Mabanee Co. KPSC
|
273,004
|
815
|
|
National Real Estate Co. KPSC*
|
442,182
|
173
|
|
Salhia Real Estate Co. K.S.C.P.
|
182,363
|
233
|
|
|
|
1,994
|
|
Malaysia – 0.4%
|
||
|
Axis Real Estate Investment Trust
|
568,062
|
284
|
|
Eco World Development Group Bhd.
|
449,400
|
243
|
|
IGB Real Estate Investment Trust
|
754,700
|
511
|
|
IOI Properties Group Bhd.
|
530,500
|
514
|
|
KLCCP Stapled Group
|
146,000
|
322
|
|
KSL Holdings Bhd.
|
143,900
|
105
|
|
Mah Sing Group Bhd.
|
525,300
|
126
|
|
Matrix Concepts Holdings Bhd.
|
390,050
|
113
|
|
Pavilion Real Estate Investment Trust
|
626,800
|
263
|
|
Sime Darby Property Bhd.
|
1,085,300
|
385
|
|
SP Setia Bhd. Group
|
920,869
|
220
|
|
Sunway Real Estate Investment Trust
|
696,200
|
378
|
|
|
|
3,464
|
|
Mauritius – 0.0%
|
||
|
Lighthouse Properties PLC
|
398,179
|
192
|
|
Mexico – 0.8%
|
||
|
Concentradora Fibra Danhos S.A. de
C.V.
|
109,153
|
179
|
|
Corp. Inmobiliaria Vesta S.A.B. de C.V.
|
330,600
|
1,137
|
|
FIBRA Macquarie Mexico
|
56,503
|
145
|
|
Fibra MTY S.A.P.I. de C.V.*
|
1,607,673
|
1,349
|
|
Fibra Uno Administracion S.A. de C.V.
|
1,083,633
|
1,862
|
|
Prologis Property Mexico S.A. de C.V.
|
418,861
|
1,808
|
|
|
|
6,480
|
|
Netherlands – 0.1%
|
||
|
Argo Properties N.V.*
|
7,725
|
347
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Netherlands – 0.1%continued
|
||
|
Eurocommercial Properties N.V.
|
16,683
|
$521
|
|
Wereldhave N.V.
|
12,815
|
291
|
|
|
|
1,159
|
|
New Zealand – 0.1%
|
||
|
Goodman Property Trust
|
424,027
|
489
|
|
Kiwi Property Group Ltd.
|
645,564
|
349
|
|
|
|
838
|
|
Norway – 0.0%
|
||
|
Entra ASA
|
15,922
|
170
|
|
Philippines – 0.3%
|
||
|
AREIT, Inc.
|
431,200
|
262
|
|
Ayala Land, Inc.
|
2,294,181
|
556
|
|
Megaworld Corp.
|
3,048,001
|
103
|
|
RL Commercial REIT, Inc.
|
2,763,100
|
324
|
|
Robinsons Land Corp.
|
563,396
|
151
|
|
SM Prime Holdings, Inc.
|
3,702,953
|
1,095
|
|
|
|
2,491
|
|
Qatar – 0.0%
|
||
|
United Development Co. QSC
|
594,673
|
142
|
|
Romania – 0.2%
|
||
|
NEPI Rockcastle N.V.*
|
233,844
|
2,094
|
|
Saudi Arabia – 0.4%
|
||
|
Al Rajhi REIT
|
106,463
|
232
|
|
Arabian Centres Co.
|
85,270
|
388
|
|
Arriyadh Development Co.
|
46,781
|
223
|
|
Dar Al Arkan Real Estate Development
Co.*
|
203,910
|
979
|
|
Emaar Economic City*
|
58,192
|
155
|
|
Jadwa REIT Saudi Fund
|
74,352
|
216
|
|
Knowledge Economic City Co.*
|
27,632
|
89
|
|
Makkah Construction & Development
Co.
|
36,658
|
809
|
|
Retal Urban Development Co.
|
92,577
|
296
|
|
|
|
3,387
|
|
Singapore – 2.6%
|
||
|
AIMS APAC REIT
|
210,982
|
261
|
|
CapitaLand Ascendas REIT*
|
1,608,945
|
3,104
|
|
CapitaLand Ascott Trust
|
1,054,814
|
723
|
|
CapitaLand China Trust
|
463,127
|
233
|
|
Capitaland India Trust
|
418,355
|
331
|
|
CapitaLand Integrated Commercial
Trust
|
2,380,514
|
4,376
|
|
CDL Hospitality Trusts
|
317,452
|
190
|
|
Schedule of Investments
|
|
GLOBAL REAL ESTATE INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Singapore – 2.6%continued
|
||
|
Centurion Accommodation REIT*
|
204,470
|
$168
|
|
Centurion Corp. Ltd.†
|
95,600
|
108
|
|
City Developments Ltd.†
|
179,200
|
1,080
|
|
Digital Core REIT Management Pte Ltd.
|
343,800
|
174
|
|
ESR-REIT
|
234,367
|
425
|
|
Far East Hospitality Trust*
|
382,303
|
169
|
|
Frasers Centrepoint Trust
|
444,709
|
778
|
|
Frasers Logistics & Commercial Trust
|
1,112,247
|
831
|
|
Keppel DC REIT
|
769,503
|
1,335
|
|
Keppel REIT
|
1,179,620
|
785
|
|
Lendlease Global Commercial REIT*
|
1,002,201
|
442
|
|
Mapletree Industrial Trust
|
815,255
|
1,213
|
|
Mapletree Logistics Trust
|
1,308,526
|
1,236
|
|
Mapletree Pan Asia Commercial Trust
|
837,761
|
837
|
|
NTT DC REIT*
|
252,400
|
238
|
|
Parkway Life Real Estate Investment
Trust
|
169,700
|
531
|
|
Starhill Global REIT
|
602,390
|
254
|
|
Stoneweg Europe Stapled Trust
|
149,271
|
262
|
|
Suntec Real Estate Investment Trust
|
704,091
|
791
|
|
UOL Group Ltd.
|
180,397
|
1,332
|
|
|
|
22,207
|
|
South Africa – 0.6%
|
||
|
Equites Property Fund Ltd.
|
292,450
|
315
|
|
Fortress Real Estate Investments Ltd.,
Class B
|
449,779
|
668
|
|
Growthpoint Properties Ltd.
|
1,260,539
|
1,326
|
|
Hyprop Investments Ltd.
|
150,167
|
552
|
|
Redefine Properties Ltd.
|
2,664,426
|
1,040
|
|
Resilient REIT Ltd.
|
111,906
|
569
|
|
Vukile Property Fund Ltd.
|
535,884
|
814
|
|
|
|
5,284
|
|
South Korea – 0.0%
|
||
|
ESR Kendall Square REIT Co. Ltd.
|
65,508
|
141
|
|
LOTTE REIT Co. Ltd.
|
51,915
|
115
|
|
SK REITs Co. Ltd.
|
66,749
|
233
|
|
|
|
489
|
|
Spain – 0.4%
|
||
|
Colonial SFL Socimi S.A.
|
106,447
|
691
|
|
Merlin Properties Socimi S.A.
|
161,269
|
2,828
|
|
|
|
3,519
|
|
Sweden – 1.3%
|
||
|
Altra Fastigheter AB
|
53,655
|
382
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Sweden – 1.3%continued
|
||
|
Atrium Ljungberg AB, Class B
|
90,983
|
$247
|
|
Castellum AB
|
125,757
|
1,652
|
|
Catena AB
|
18,456
|
793
|
|
Cibus Real Estate AB publ
|
31,647
|
482
|
|
Corem Property Group AB, Class B†
|
185,562
|
45
|
|
Dios Fastigheter AB
|
36,293
|
240
|
|
Fabege AB
|
67,780
|
519
|
|
Fastighets AB Balder, Class B*
|
265,355
|
1,416
|
|
FastPartner AB, Class A
|
12,827
|
50
|
|
Hufvudstaden AB, Class A
|
34,795
|
429
|
|
Intea Fastigheter AB
|
71,673
|
545
|
|
Logistea AB, Class B
|
109,685
|
151
|
|
NP3 Fastigheter AB
|
11,829
|
325
|
|
Pandox AB
|
40,715
|
727
|
|
Platzer Fastigheter Holding AB, Class B
|
24,107
|
170
|
|
PPI Public Property Invest AB
|
93,878
|
180
|
|
Sagax AB, Class B
|
85,157
|
1,355
|
|
Samhallsbyggnadsbolaget i Norden
AB* †
|
435,745
|
159
|
|
Sveafastigheter AB* †
|
19,921
|
61
|
|
Wallenstam AB, Class B
|
136,225
|
553
|
|
Wihlborgs Fastigheter AB
|
102,843
|
798
|
|
|
|
11,279
|
|
Switzerland – 1.5%
|
||
|
Allreal Holding A.G. (Registered)
|
5,782
|
1,517
|
|
Hiag Immobilien Holding A.G.
|
1,839
|
309
|
|
International Workplace Group PLC
|
290,295
|
713
|
|
Intershop Holding A.G.
|
1,927
|
412
|
|
Mobimo Holding A.G. (Registered)
|
2,890
|
1,242
|
|
PSP Swiss Property A.G. (Registered)
|
17,922
|
3,195
|
|
Swiss Prime Site A.G. (Registered)
|
31,293
|
5,107
|
|
|
|
12,495
|
|
Taiwan – 0.3%
|
||
|
Chong Hong Development Co. Ltd.
|
72,745
|
179
|
|
Da-Li Development Co. Ltd.
|
110,613
|
157
|
|
Farglory Land Development Co. Ltd.
|
77,462
|
158
|
|
Highwealth Construction Corp.
|
552,118
|
748
|
|
Huaku Development Co. Ltd.
|
99,890
|
320
|
|
Kindom Development Co. Ltd.
|
151,190
|
162
|
|
Ruentex Development Co. Ltd.
|
625,955
|
528
|
|
Sakura Development Co. Ltd.
|
128,153
|
156
|
|
|
|
2,408
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
Thailand – 0.4%
|
||
|
Amata Corp. PCL NVDR
|
293,435
|
$238
|
|
AP Thailand PCL (Registered)
|
441,405
|
100
|
|
AP Thailand PCL NVDR
|
372,504
|
85
|
|
Central Pattana PCL (Registered)
|
581,626
|
1,173
|
|
Central Pattana PCL NVDR
|
200,098
|
407
|
|
Land & Houses PCL NVDR
|
2,858,000
|
327
|
|
Sansiri PCL NVDR
|
5,157,466
|
226
|
|
Supalai PCL (Registered)
|
280,445
|
135
|
|
Supalai PCL NVDR
|
156,400
|
76
|
|
WHA Corp. PCL NVDR†
|
3,024,700
|
473
|
|
|
|
3,240
|
|
Turkey – 0.1%
|
||
|
Peker Gayrimenkul Yatirim Ortakligi
A.S.*
|
1,432,355
|
429
|
|
Reysas Gayrimenkul Yatirim Ortakligi
A.S.*
|
235,462
|
151
|
|
Yeni Gimat Gayrimenkul Ortakligi A.S.
|
71,846
|
364
|
|
|
|
944
|
|
United Arab Emirates – 0.6%
|
||
|
Aldar Properties PJSC
|
1,504,547
|
3,409
|
|
Deyaar Development PJSC
|
386,459
|
85
|
|
Dubai Residential REIT
|
757,211
|
259
|
|
Emaar Development PJSC
|
325,963
|
1,237
|
|
RAK Properties PJSC*
|
578,285
|
171
|
|
|
|
5,161
|
|
United Kingdom – 2.7%
|
||
|
Big Yellow Group PLC
|
73,105
|
876
|
|
British Land (The) Co. PLC
|
391,790
|
2,152
|
|
Derwent London PLC
|
39,408
|
1,015
|
|
Grainger PLC
|
266,908
|
601
|
|
Great Portland Estates PLC
|
128,571
|
567
|
|
Hammerson PLC
|
210,254
|
1,032
|
|
Land Securities Group PLC
|
287,426
|
2,484
|
|
LondonMetric Property PLC
|
801,839
|
2,004
|
|
Primary Health Properties PLC
|
946,548
|
1,203
|
|
Safestore Holdings PLC
|
80,834
|
658
|
|
Segro PLC
|
475,328
|
5,523
|
|
Shaftesbury Capital PLC
|
570,409
|
1,045
|
|
Supermarket Income REIT PLC
|
485,058
|
566
|
|
Target Healthcare REIT PLC
|
249,053
|
358
|
|
Tritax Big Box REIT PLC
|
939,712
|
2,013
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
United Kingdom – 2.7%continued
|
||
|
UNITE Group (The) PLC
|
166,877
|
$1,126
|
|
Workspace Group PLC
|
47,896
|
220
|
|
|
|
23,443
|
|
United States – 58.1%
|
||
|
Acadia Realty Trust
|
50,722
|
1,061
|
|
Agree Realty Corp.
|
46,914
|
3,553
|
|
Alexander's, Inc.
|
906
|
250
|
|
Alexandria Real Estate Equities, Inc.
|
60,894
|
3,218
|
|
American Assets Trust, Inc.
|
19,194
|
474
|
|
American Healthcare REIT, Inc.†
|
74,942
|
3,908
|
|
American Homes 4 Rent, Class A
|
124,049
|
4,158
|
|
Americold Realty Trust, Inc.
|
109,495
|
1,721
|
|
Apartment Investment and
Management Co., Class A
|
50,375
|
150
|
|
Apple Hospitality REIT, Inc.
|
86,377
|
1,452
|
|
AvalonBay Communities, Inc.
|
54,174
|
10,222
|
|
Brandywine Realty Trust
|
66,481
|
211
|
|
Brixmor Property Group, Inc.
|
113,849
|
3,590
|
|
Broadstone Net Lease, Inc.
|
73,661
|
1,523
|
|
BXP, Inc.
|
58,837
|
3,901
|
|
Camden Property Trust
|
37,810
|
4,329
|
|
CareTrust REIT, Inc.
|
87,226
|
3,520
|
|
CBL & Associates Properties, Inc.
|
5,957
|
316
|
|
Centerspace
|
6,519
|
366
|
|
COPT Defense Properties
|
43,625
|
1,588
|
|
Cousins Properties, Inc.
|
64,025
|
1,919
|
|
CubeSmart
|
88,686
|
3,527
|
|
Curbline Properties Corp.
|
35,098
|
1,067
|
|
DiamondRock Hospitality Co.
|
78,825
|
960
|
|
Digital Realty Trust, Inc.
|
133,673
|
24,005
|
|
Diversified Healthcare Trust
|
76,622
|
713
|
|
Douglas Emmett, Inc.
|
63,235
|
746
|
|
Eagle Hospitality Trust(2) *
|
496,400
|
—
|
|
Easterly Government Properties, Inc.
|
16,837
|
420
|
|
EastGroup Properties, Inc.
|
20,979
|
4,249
|
|
Empire State Realty Trust, Inc., Class A†
|
50,842
|
275
|
|
Equinix, Inc.
|
38,357
|
39,983
|
|
Equity LifeStyle Properties, Inc.
|
71,884
|
4,633
|
|
Equity Residential
|
131,349
|
8,923
|
|
Essex Property Trust, Inc.
|
25,126
|
7,326
|
|
Extra Space Storage, Inc.
|
82,219
|
11,946
|
|
Federal Realty Investment Trust
|
30,325
|
3,743
|
|
First Industrial Realty Trust, Inc.
|
50,924
|
3,122
|
|
Four Corners Property Trust, Inc.
|
42,689
|
1,048
|
|
Schedule of Investments
|
|
GLOBAL REAL ESTATE INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
United States – 58.1%continued
|
||
|
Getty Realty Corp.†
|
21,925
|
$731
|
|
Gladstone Commercial Corp.†
|
19,406
|
239
|
|
Global Net Lease, Inc.
|
74,121
|
663
|
|
Healthcare Realty Trust, Inc.
|
127,074
|
2,563
|
|
Healthpeak Properties, Inc.
|
271,124
|
5,802
|
|
Highwoods Properties, Inc.
|
42,686
|
1,287
|
|
Host Hotels & Resorts, Inc.
|
268,045
|
6,355
|
|
Howard Hughes Holdings, Inc.*
|
12,071
|
863
|
|
Independence Realty Trust, Inc.
|
91,128
|
1,521
|
|
Innovative Industrial Properties, Inc.
|
10,625
|
659
|
|
InvenTrust Properties Corp.
|
29,124
|
1,031
|
|
Invitation Homes, Inc.
|
210,312
|
6,354
|
|
Iron Mountain, Inc.
|
115,777
|
14,624
|
|
JBG SMITH Properties†
|
22,423
|
329
|
|
Kilroy Realty Corp.
|
41,904
|
1,570
|
|
Kimco Realty Corp.
|
262,722
|
6,660
|
|
Kite Realty Group Trust
|
79,522
|
2,257
|
|
LTC Properties, Inc.
|
19,094
|
734
|
|
LXP Industrial Trust
|
22,783
|
1,228
|
|
Macerich (The) Co.
|
100,472
|
2,531
|
|
Medical Properties Trust, Inc.†
|
188,454
|
871
|
|
Mid-America Apartment Communities,
Inc.
|
45,355
|
6,302
|
|
National Health Investors, Inc.
|
17,549
|
1,338
|
|
National Storage Affiliates Trust
|
27,441
|
1,220
|
|
NETSTREIT Corp.†
|
37,371
|
790
|
|
NexPoint Residential Trust, Inc.
|
7,498
|
209
|
|
NNN REIT, Inc.
|
74,326
|
3,458
|
|
Omega Healthcare Investors, Inc.
|
115,273
|
5,496
|
|
Park Hotels & Resorts, Inc.
|
75,380
|
1,074
|
|
Pebblebrook Hotel Trust
|
42,440
|
824
|
|
Phillips Edison & Co., Inc.
|
48,377
|
2,013
|
|
Piedmont Realty Trust, Inc.*
|
47,890
|
438
|
|
Prologis, Inc.
|
362,537
|
49,113
|
|
Public Storage
|
61,472
|
19,567
|
|
Realty Income Corp.
|
362,777
|
22,478
|
|
Regency Centers Corp.
|
64,270
|
5,125
|
|
Rexford Industrial Realty, Inc.
|
87,777
|
2,941
|
|
RLJ Lodging Trust
|
48,668
|
577
|
|
Ryman Hospitality Properties, Inc.
|
23,068
|
2,965
|
|
Sabra Health Care REIT, Inc.
|
96,608
|
1,885
|
|
Saul Centers, Inc.
|
5,039
|
188
|
|
Service Properties Trust
|
231,395
|
391
|
|
Sila Realty Trust, Inc.
|
20,857
|
633
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.5% (1)continued
|
||
|
United States – 58.1%continued
|
||
|
Simon Property Group, Inc.
|
126,364
|
$28,261
|
|
SL Green Realty Corp.†
|
27,605
|
1,429
|
|
Smartstop Self Storage REIT, Inc.
|
21,170
|
688
|
|
St. Joe (The) Co.
|
14,424
|
903
|
|
STAG Industrial, Inc.
|
73,497
|
2,797
|
|
Sun Communities, Inc.
|
48,045
|
5,761
|
|
Sunstone Hotel Investors, Inc.
|
67,607
|
774
|
|
Tanger, Inc.
|
44,132
|
1,742
|
|
Terreno Realty Corp.
|
40,796
|
2,642
|
|
UDR, Inc.
|
114,460
|
4,569
|
|
UMH Properties, Inc.
|
30,759
|
466
|
|
Urban Edge Properties
|
48,648
|
1,113
|
|
Ventas, Inc.
|
185,044
|
16,432
|
|
Vornado Realty Trust
|
61,863
|
2,431
|
|
Welltower, Inc.
|
273,978
|
62,185
|
|
Whitestone REIT
|
16,407
|
311
|
|
WP Carey, Inc.
|
85,480
|
6,112
|
|
Xenia Hotels & Resorts, Inc.
|
36,673
|
747
|
|
|
|
495,376
|
|
Total Common Stocks
|
|
|
|
(Cost $535,821)
|
|
823,253
|
|
|
|
|
|
INVESTMENT COMPANIES – 2.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(3) (4) (5)
|
8,448,685
|
8,449
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(3) (4)
|
16,543,033
|
16,543
|
|
Total Investment Companies
|
|
|
|
(Cost $24,992)
|
|
24,992
|
|
|
|
|
|
Total Investments – 99.4%
|
|
|
|
(Cost $560,813)
|
|
848,245
|
|
Other Assets less Liabilities – 0.6%
|
|
4,921
|
|
Net Assets – 100.0%
|
|
$853,166
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(3)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(4)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(5)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
EAFE – Europe, Australasia and the Far East
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
NVDR – Non-Voting Depositary Receipt
|
|
|
|
S&P – Standard & Poor's
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Bank of Montreal
|
Canadian
Dollar
|
361
|
United States
Dollar
|
262
|
9/16/26
|
$7
|
|
Bank of Montreal
|
United States
Dollar
|
410
|
Hong Kong
Dollar
|
3,210
|
9/16/26
|
—*
|
|
Barclays
|
United States
Dollar
|
948
|
Euro
|
830
|
9/16/26
|
3
|
|
Citibank
|
Euro
|
600
|
United States
Dollar
|
703
|
9/16/26
|
16
|
|
Goldman Sachs
|
Brazilian Real
|
205
|
United States
Dollar
|
40
|
9/16/26
|
1
|
|
Goldman Sachs
|
Korean Won
|
13,475
|
United States
Dollar
|
9
|
9/16/26
|
—*
|
|
Goldman Sachs
|
United States
Dollar
|
228
|
Indian Rupee
|
22,085
|
9/16/26
|
4
|
|
JPMorgan Chase
|
Australian
Dollar
|
500
|
United States
Dollar
|
346
|
9/16/26
|
—*
|
|
JPMorgan Chase
|
British Pound
|
370
|
United States
Dollar
|
491
|
9/16/26
|
—*
|
|
JPMorgan Chase
|
Euro
|
2,211
|
United States
Dollar
|
2,587
|
9/16/26
|
52
|
|
JPMorgan Chase
|
Swiss Franc
|
609
|
United States
Dollar
|
785
|
9/16/26
|
25
|
|
JPMorgan Chase
|
United States
Dollar
|
337
|
Australian
Dollar
|
490
|
9/16/26
|
1
|
|
Morgan Stanley
|
Australian
Dollar
|
1,278
|
United States
Dollar
|
910
|
9/16/26
|
26
|
|
Morgan Stanley
|
British Pound
|
885
|
United States
Dollar
|
1,189
|
9/16/26
|
16
|
|
Toronto-Dominion
Bank
|
Japanese Yen
|
358,703
|
United States
Dollar
|
2,247
|
9/16/26
|
26
|
|
Toronto-Dominion
Bank
|
Norwegian
Krone
|
860
|
United States
Dollar
|
93
|
9/16/26
|
6
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
449
|
British Pound
|
340
|
9/16/26
|
2
|
|
Subtotal Appreciation
|
|
|
|
|
185
|
|
|
Bank of Montreal
|
Swiss Franc
|
270
|
United States
Dollar
|
337
|
9/16/26
|
(—
)*
|
|
Bank of Montreal
|
United States
Dollar
|
1,177
|
Australian
Dollar
|
1,640
|
9/16/26
|
(44
)
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Bank of Montreal
|
United States
Dollar
|
416
|
British Pound
|
310
|
9/16/26
|
$(5
)
|
|
Bank of Montreal
|
United States
Dollar
|
548
|
Hong Kong
Dollar
|
4,278
|
9/16/26
|
(1
)
|
|
Barclays
|
United States
Dollar
|
315
|
Euro
|
270
|
9/16/26
|
(5
)
|
|
Citibank
|
United States
Dollar
|
959
|
Japanese Yen
|
152,730
|
9/16/26
|
(13
)
|
|
Goldman Sachs
|
United States
Dollar
|
345
|
Singapore
Dollar
|
440
|
9/16/26
|
(3
)
|
|
Goldman Sachs
|
United States
Dollar
|
65
|
Taiwan Dollar
|
2,061
|
9/16/26
|
(1
)
|
|
JPMorgan Chase
|
Euro
|
1,300
|
United States
Dollar
|
1,490
|
9/16/26
|
(—
)*
|
|
JPMorgan Chase
|
Japanese Yen
|
109,490
|
United States
Dollar
|
678
|
9/16/26
|
(—
)*
|
|
Morgan Stanley
|
United States
Dollar
|
354
|
Singapore
Dollar
|
449
|
9/16/26
|
(5
)
|
|
Morgan Stanley
|
United States
Dollar
|
28
|
Swedish Krona
|
255
|
9/16/26
|
(1
)
|
|
Toronto-Dominion
Bank
|
Australian
Dollar
|
1,090
|
United States
Dollar
|
750
|
9/16/26
|
(3
)
|
|
Toronto-Dominion
Bank
|
British Pound
|
410
|
United States
Dollar
|
540
|
9/16/26
|
(4
)
|
|
Toronto-Dominion
Bank
|
Euro
|
300
|
United States
Dollar
|
342
|
9/16/26
|
(2
)
|
|
Toronto-Dominion
Bank
|
Hong Kong
Dollar
|
3,660
|
United States
Dollar
|
468
|
9/16/26
|
(—
)*
|
|
Toronto-Dominion
Bank
|
Singapore
Dollar
|
860
|
United States
Dollar
|
666
|
9/16/26
|
(2
)
|
|
UBS
|
United States
Dollar
|
734
|
Australian
Dollar
|
1,040
|
9/16/26
|
(15
)
|
|
UBS
|
United States
Dollar
|
871
|
Japanese Yen
|
139,990
|
9/16/26
|
(5
)
|
|
Subtotal Depreciation
|
|
|
|
|
(109
)
|
|
|
Total
|
|
|
|
|
|
$76
|
|
*
|
Amount rounds to less than one thousand.
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
MidCap 400
(United States
Dollar)
|
31
|
$12,044
|
Long
|
9/26
|
$154
|
|
Schedule of Investments
|
|
GLOBAL REAL ESTATE INDEX FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
MSCI EAFE
Index
(United States
Dollar)
|
78
|
$12,267
|
Long
|
9/26
|
$12
|
|
S&P/TSX 60
Index
(Canadian
Dollar)
|
22
|
6,378
|
Long
|
9/26
|
1
|
|
Total
|
|
|
|
|
$167
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Real Estate
|
96.5
%
|
|
Short-Term Investments
|
2.9
|
|
Total Investments
|
99.4
|
|
Other Assets less Liabilities
|
0.6
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Brazil
|
$2,250
|
$—
|
$—
|
$2,250
|
|
Canada
|
8,289
|
—
|
—
|
8,289
|
|
Chile
|
2,440
|
—
|
—
|
2,440
|
|
China
|
—
|
10,864
|
107
|
10,971
|
|
Mexico
|
6,480
|
—
|
—
|
6,480
|
|
Sweden
|
180
|
11,099
|
—
|
11,279
|
|
United States
|
495,376
|
—
|
—
|
495,376
|
|
All Other Countries(1)
|
—
|
286,168
|
—
|
286,168
|
|
Total Common Stocks
|
515,015
|
308,131
|
107
|
823,253
|
|
Investment Companies
|
24,992
|
—
|
—
|
24,992
|
|
Total Investments
|
$540,007
|
$308,131
|
$107
|
$848,245
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
$—
|
$185
|
$—
|
$185
|
|
Futures Contracts
|
167
|
—
|
—
|
167
|
|
Liabilities
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
—
|
(109
)
|
—
|
(109
)
|
|
Total Other Financial
Instruments
|
$167
|
$76
|
$—
|
$243
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$6,687
|
$13,948
|
$12,186
|
$8,449
|
8,448,685
|
$4
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
5,002
|
81,753
|
70,212
|
16,543
|
16,543,033
|
119
|
|
Total
|
$11,689
|
$95,701
|
$82,398
|
$24,992
|
24,991,718
|
$123
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
GLOBAL TACTICAL ASSET ALLOCATION FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 100.0%
|
||
|
FlexShares® Developed Markets
ex-U.S. Quality Low Volatility Index
Fund(1)
|
154,506
|
$5,026
|
|
FlexShares® iBoxx 5-Year Target
Duration TIPS Index Fund(1)
|
64,503
|
1,533
|
|
FlexShares® Morningstar Developed
Markets ex-U.S. Factor Tilt Index
Fund(1)
|
31,908
|
3,130
|
|
FlexShares® Morningstar Emerging
Markets Factor Tilt Index Fund(1)
|
83,936
|
6,496
|
|
FlexShares® Morningstar Global
Upstream Natural Resources Index
Fund(1)
|
10,274
|
506
|
|
FlexShares® Morningstar U.S. Market
Factor Tilt Index Fund(1)
|
44,660
|
12,329
|
|
FlexShares® STOXX Global Broad
Infrastructure Index Fund(1)
|
25,042
|
1,606
|
|
FlexShares® U.S. Quality Low Volatility
Index Fund(1)
|
72,722
|
5,490
|
|
iShares 20+ Year Treasury Bond ETF
|
21,018
|
1,816
|
|
iShares 3-7 Year Treasury Bond ETF
|
62,330
|
7,321
|
|
iShares 7-10 Year Treasury Bond ETF
|
34,617
|
3,274
|
|
iShares Expanded Tech-Software Sector
ETF
|
16,023
|
1,452
|
|
iShares MBS ETF
|
29,363
|
2,775
|
|
Northern Funds - Fixed Income Fund(1)
|
888,752
|
7,919
|
|
Northern Funds - High Yield Fixed
Income Fund(1)
|
246,309
|
1,490
|
|
Northern Funds - International Equity
Index Fund(1)
|
189,338
|
3,665
|
|
Northern Funds - Small Cap Core
Fund(1)
|
85,945
|
2,558
|
|
Northern Funds - Stock Index Fund(1)
|
181,758
|
13,568
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(1) (2)
|
2,099,245
|
2,099
|
|
Total Investment Companies
|
|
|
|
(Cost $65,537)
|
|
84,053
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.59%, 10/15/26(3) (4)
|
$53
|
$53
|
|
Total Short-Term Investments
|
|
|
|
(Cost $53)
|
53
|
|
|
|
|
|
|
Total Investments – 100.1%
|
|
|
|
(Cost $65,590)
|
84,106
|
|
|
Liabilities less Other Assets – (0.1%)
|
(43
)
|
|
|
NET ASSETS – 100.0%
|
$84,063
|
|
|
(1)
|
Investment in affiliated fund. Northern Trust Investments, Inc. is the investment
adviser to the Fund and the investment adviser to other Northern Funds,
Northern Institutional Funds and FlexShares Trust.
|
|
(2)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(3)
|
Discount rate at the time of purchase.
|
|
(4)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ETF - Exchange-Traded Fund
|
|
|
|
MBS - Mortgage Backed Securities
|
|
|
|
TIPS - Treasury Inflation Protected Securities
|
|
Schedule of Investments
|
|
GLOBAL TACTICAL ASSET ALLOCATION FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
U.S. Treasury
Long Bond
|
12
|
$1,362
|
Long
|
9/26
|
$32
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Investment Companies
|
$84,053
|
$—
|
$—
|
$84,053
|
|
Short-Term Investments
|
—
|
53
|
—
|
53
|
|
Total Investments
|
$84,053
|
$53
|
$—
|
$84,106
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$32
|
$—
|
$—
|
$32
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
(000S)
|
NET
REALIZED
GAINS
(LOSSES)
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
FlexShares® Developed Markets ex-U.S. Quality Low Volatility Index Fund
|
$5,069
|
$—
|
$—
|
$(43
)
|
$—
|
$5,026
|
154,506
|
$79
|
|
FlexShares® iBoxx 5-Year Target Duration TIPS Index Fund
|
1,555
|
—
|
—
|
(22
)
|
—
|
1,533
|
64,503
|
31
|
|
FlexShares® Morningstar Developed Markets ex-U.S. Factor Tilt Index Fund
|
2,999
|
—
|
—
|
131
|
—
|
3,130
|
31,908
|
45
|
|
FlexShares® Morningstar Emerging Markets Factor Tilt Index Fund
|
6,212
|
—
|
623
|
747
|
160
|
6,496
|
83,936
|
23
|
|
FlexShares® Morningstar Global Upstream Natural Resources Index Fund
|
567
|
—
|
—
|
(61
)
|
—
|
506
|
10,274
|
3
|
|
FlexShares® Morningstar U.S. Market Factor Tilt Index Fund
|
11,170
|
—
|
445
|
1,500
|
104
|
12,329
|
44,660
|
34
|
|
FlexShares® STOXX Global Broad Infrastructure Index Fund
|
1,601
|
—
|
—
|
5
|
—
|
1,606
|
25,042
|
15
|
|
FlexShares® U.S. Quality Low Volatility Index Fund
|
5,228
|
—
|
—
|
262
|
—
|
5,490
|
72,722
|
23
|
|
Northern Funds - Fixed Income Fund
|
7,503
|
450
|
—
|
(34
)
|
—
|
7,919
|
888,752
|
82
|
|
Northern Funds - High Yield Fixed Income Fund
|
1,480
|
—
|
—
|
10
|
—
|
1,490
|
246,309
|
25
|
|
Northern Funds - International Equity Index Fund
|
3,961
|
—
|
627
|
204
|
127
|
3,665
|
189,338
|
—
|
|
Northern Funds - Small Cap Core Fund
|
2,123
|
—
|
—
|
435
|
—
|
2,558
|
85,945
|
—
|
|
Northern Funds - Stock Index Fund
|
12,856
|
—
|
1,173
|
1,614
|
271
|
13,568
|
181,758
|
39
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
3,836
|
2,598
|
4,335
|
—
|
—
|
2,099
|
2,099,245
|
20
|
|
Total
|
$66,160
|
$3,048
|
$7,203
|
$4,748
|
$662
|
$67,415
|
4,178,898
|
$419
|
|
Schedule of Investments
|
|
INCOME EQUITY FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 99.2%
|
||
|
Aerospace & Defense – 1.4%
|
||
|
General Electric Co.
|
4,699
|
$1,756
|
|
Honeywell Aerospace, Inc.*
|
1,058
|
234
|
|
Lockheed Martin Corp.
|
4,946
|
2,520
|
|
|
|
4,510
|
|
Air Freight & Logistics – 0.6%
|
||
|
United Parcel Service, Inc., Class B
|
17,951
|
1,930
|
|
Automobiles – 0.9%
|
||
|
Tesla, Inc.(1) *
|
6,822
|
2,869
|
|
Banks – 4.0%
|
||
|
Bank of America Corp.
|
5,806
|
331
|
|
Citigroup, Inc.
|
35,167
|
4,922
|
|
Cullen/Frost Bankers, Inc.
|
6,360
|
983
|
|
Fifth Third Bancorp
|
18,714
|
1,055
|
|
First Hawaiian, Inc.
|
32,220
|
944
|
|
JPMorgan Chase & Co.
|
8,847
|
2,896
|
|
Truist Financial Corp.
|
30,360
|
1,512
|
|
|
|
12,643
|
|
Beverages – 0.1%
|
||
|
PepsiCo, Inc.
|
1,981
|
268
|
|
Biotechnology – 3.4%
|
||
|
AbbVie, Inc.
|
20,994
|
5,283
|
|
Amgen, Inc.
|
7,082
|
2,564
|
|
Gilead Sciences, Inc.
|
22,361
|
2,825
|
|
|
|
10,672
|
|
Broadline Retail – 3.1%
|
||
|
Amazon.com, Inc.(1) *
|
35,332
|
8,421
|
|
eBay, Inc.
|
11,768
|
1,315
|
|
|
|
9,736
|
|
Capital Markets – 2.9%
|
||
|
Franklin Resources, Inc.
|
56,222
|
1,870
|
|
Invesco Ltd.
|
61,246
|
1,616
|
|
Lazard, Inc.
|
12,245
|
514
|
|
Morgan Stanley
|
6,703
|
1,401
|
|
State Street Corp.
|
11,879
|
2,015
|
|
T. Rowe Price Group, Inc.
|
16,641
|
1,892
|
|
|
|
9,308
|
|
Chemicals – 0.6%
|
||
|
CF Industries Holdings, Inc.
|
9,133
|
989
|
|
Scotts Miracle-Gro (The) Co.
|
12,450
|
848
|
|
|
|
1,837
|
|
Communications Equipment – 2.1%
|
||
|
Cisco Systems, Inc.
|
56,173
|
6,598
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Consumer Finance – 0.3%
|
||
|
OneMain Holdings, Inc.
|
15,691
|
$957
|
|
Consumer Staples Distribution & Retail – 0.3%
|
||
|
Costco Wholesale Corp.
|
1,001
|
936
|
|
Diversified Consumer Services – 0.3%
|
||
|
H&R Block, Inc.
|
27,334
|
1,041
|
|
Diversified Telecommunication Services – 1.4%
|
||
|
AT&T, Inc.
|
80,204
|
1,660
|
|
Comcast Corp., Class A
|
34,484
|
847
|
|
Verizon Communications, Inc.
|
48,452
|
2,051
|
|
|
|
4,558
|
|
Electric Utilities – 2.2%
|
||
|
Duke Energy Corp.
|
18,891
|
2,391
|
|
Edison International
|
21,818
|
1,624
|
|
FirstEnergy Corp.
|
30,213
|
1,436
|
|
Southern (The) Co.
|
15,812
|
1,514
|
|
|
|
6,965
|
|
Electrical Equipment – 3.1%
|
||
|
Emerson Electric Co.
|
9,594
|
1,373
|
|
GE Vernova, Inc.
|
4,718
|
5,543
|
|
Rockwell Automation, Inc.
|
3,621
|
1,793
|
|
Vertiv Holdings Co., Class A
|
3,201
|
1,072
|
|
|
|
9,781
|
|
Financial Services – 1.4%
|
||
|
Berkshire Hathaway, Inc., Class B*
|
3,356
|
1,679
|
|
Equitable Holdings, Inc.
|
9,207
|
404
|
|
Fidelity National Information Services,
Inc.
|
19,414
|
755
|
|
MGIC Investment Corp.
|
10,707
|
302
|
|
UWM Holdings Corp.†
|
217,621
|
499
|
|
Western Union (The) Co.†
|
87,183
|
671
|
|
|
|
4,310
|
|
Food Products – 0.3%
|
||
|
General Mills, Inc.
|
26,713
|
930
|
|
Gas Utilities – 0.3%
|
||
|
MDU Resources Group, Inc.
|
9,940
|
211
|
|
UGI Corp.
|
22,405
|
774
|
|
|
|
985
|
|
Ground Transportation – 1.3%
|
||
|
Old Dominion Freight Line, Inc.
|
4,491
|
973
|
|
Union Pacific Corp.
|
11,602
|
3,155
|
|
|
|
4,128
|
|
Schedule of Investments
|
|
INCOME EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Health Care Equipment & Supplies – 0.2%
|
||
|
ResMed, Inc.
|
2,905
|
$566
|
|
Health Care Providers & Services – 0.2%
|
||
|
McKesson Corp.
|
452
|
341
|
|
UnitedHealth Group, Inc.
|
743
|
309
|
|
|
|
650
|
|
Health Care Real Estate Investment Trusts – 0.1%
|
||
|
Omega Healthcare Investors, Inc.
|
4,420
|
211
|
|
Hotel & Resort Real Estate Investment Trusts – 0.2%
|
||
|
Host Hotels & Resorts, Inc.
|
20,614
|
489
|
|
Hotels, Restaurants & Leisure – 0.8%
|
||
|
Booking Holdings, Inc.
|
3,276
|
584
|
|
Las Vegas Sands Corp.
|
2,618
|
121
|
|
Vail Resorts, Inc.†
|
6,320
|
860
|
|
Wendy's (The) Co.†
|
48,322
|
401
|
|
Yum! Brands, Inc.
|
3,913
|
625
|
|
|
|
2,591
|
|
Household Products – 2.1%
|
||
|
Clorox (The) Co.
|
11,363
|
1,084
|
|
Kimberly-Clark Corp.
|
11,495
|
1,262
|
|
Procter & Gamble (The) Co.
|
28,332
|
4,155
|
|
|
|
6,501
|
|
Independent Power & Renewable Electricity Producers – 0.2%
|
||
|
Brookfield Renewable Corp.†
|
8,788
|
326
|
|
Vistra Corp.
|
2,760
|
438
|
|
|
|
764
|
|
Industrial Conglomerates – 0.1%
|
||
|
Honeywell International, Inc.
|
1,058
|
237
|
|
Insurance – 2.1%
|
||
|
Aflac, Inc.
|
12,371
|
1,450
|
|
MetLife, Inc.
|
19,727
|
1,669
|
|
Old Republic International Corp.
|
16,973
|
695
|
|
Principal Financial Group, Inc.
|
10,751
|
1,159
|
|
Prudential Financial, Inc.
|
16,408
|
1,771
|
|
|
|
6,744
|
|
Interactive Media & Services – 6.9%
|
||
|
Alphabet, Inc., Class A(1)
|
50,535
|
18,060
|
|
Meta Platforms, Inc., Class A(1)
|
6,457
|
3,637
|
|
|
|
21,697
|
|
IT Services – 1.1%
|
||
|
Accenture PLC, Class A
|
10,804
|
1,344
|
|
Amdocs Ltd.
|
7,314
|
370
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
IT Services – 1.1%continued
|
||
|
Cognizant Technology Solutions Corp.,
Class A
|
10,031
|
$388
|
|
International Business Machines Corp.
|
5,336
|
1,501
|
|
|
|
3,603
|
|
Leisure Products – 0.4%
|
||
|
Hasbro, Inc.
|
15,379
|
1,270
|
|
Machinery – 1.2%
|
||
|
Caterpillar, Inc.
|
411
|
438
|
|
Illinois Tool Works, Inc.
|
6,186
|
1,673
|
|
Otis Worldwide Corp.
|
7,762
|
556
|
|
Snap-on, Inc.
|
2,857
|
1,149
|
|
|
|
3,816
|
|
Media – 0.0%
|
||
|
Nexstar Media Group, Inc.
|
799
|
143
|
|
Metals & Mining – 0.6%
|
||
|
Newmont Corp.
|
11,377
|
1,063
|
|
Southern Copper Corp.
|
4,485
|
781
|
|
|
|
1,844
|
|
Mortgage Real Estate Investment Trusts – 0.5%
|
||
|
Rithm Capital Corp.
|
86,032
|
808
|
|
Starwood Property Trust, Inc.
|
47,319
|
775
|
|
|
|
1,583
|
|
Multi-Utilities – 0.8%
|
||
|
Consolidated Edison, Inc.
|
14,374
|
1,590
|
|
Public Service Enterprise Group, Inc.
|
11,746
|
953
|
|
|
|
2,543
|
|
Office Real Estate Investment Trusts – 0.4%
|
||
|
Highwoods Properties, Inc.
|
38,550
|
1,163
|
|
Oil, Gas & Consumable Fuels – 1.6%
|
||
|
Antero Midstream Corp.
|
37,210
|
847
|
|
APA Corp.
|
29,190
|
951
|
|
Exxon Mobil Corp.
|
8,390
|
1,147
|
|
Valero Energy Corp.
|
8,015
|
2,087
|
|
|
|
5,032
|
|
Pharmaceuticals – 5.1%
|
||
|
Bristol-Myers Squibb Co.
|
49,451
|
2,849
|
|
Eli Lilly & Co.
|
2,459
|
2,949
|
|
Johnson & Johnson
|
15,283
|
3,882
|
|
Merck & Co., Inc.
|
36,154
|
4,646
|
|
Perrigo Co. PLC
|
17,388
|
181
|
|
Pfizer, Inc.
|
69,725
|
1,679
|
|
|
|
16,186
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Professional Services – 1.3%
|
||
|
Automatic Data Processing, Inc.
|
9,769
|
$2,188
|
|
Broadridge Financial Solutions, Inc.
|
3,307
|
453
|
|
Paychex, Inc.
|
4,846
|
476
|
|
Robert Half, Inc.
|
35,068
|
1,077
|
|
|
|
4,194
|
|
Residential Real Estate Investment Trusts – 0.6%
|
||
|
Camden Property Trust
|
6,722
|
770
|
|
Equity Residential
|
15,714
|
1,067
|
|
|
|
1,837
|
|
Retail Real Estate Investment Trusts – 0.8%
|
||
|
Brixmor Property Group, Inc.
|
23,226
|
732
|
|
Simon Property Group, Inc.
|
7,952
|
1,779
|
|
|
|
2,511
|
|
Semiconductors & Semiconductor Equipment – 20.3%
|
||
|
Advanced Micro Devices, Inc.*
|
1,825
|
1,060
|
|
Analog Devices, Inc.
|
441
|
175
|
|
Applied Materials, Inc.
|
727
|
526
|
|
Broadcom, Inc.
|
31,104
|
11,749
|
|
KLA Corp.
|
24,990
|
7,540
|
|
Lam Research Corp.
|
19,467
|
8,436
|
|
Micron Technology, Inc.
|
1,940
|
2,239
|
|
NVIDIA Corp.(1)
|
138,497
|
27,712
|
|
QUALCOMM, Inc.
|
19,250
|
3,557
|
|
Skyworks Solutions, Inc.†
|
18,377
|
1,246
|
|
|
|
64,240
|
|
Software – 5.1%
|
||
|
Bentley Systems, Inc., Class B
|
14,855
|
444
|
|
Gen Digital, Inc.
|
45,131
|
1,123
|
|
Intuit, Inc.
|
5,018
|
1,310
|
|
Microsoft Corp.
|
32,571
|
12,150
|
|
Pegasystems, Inc.
|
14,512
|
435
|
|
Salesforce, Inc.
|
5,333
|
835
|
|
|
|
16,297
|
|
Specialized Real Estate Investment Trusts – 1.8%
|
||
|
EPR Properties
|
14,647
|
850
|
|
Gaming and Leisure Properties, Inc.
|
17,295
|
770
|
|
Lamar Advertising Co., Class A
|
4,969
|
775
|
|
Millrose Properties, Inc.
|
28,228
|
848
|
|
Public Storage
|
4,351
|
1,385
|
|
VICI Properties, Inc.
|
43,455
|
1,154
|
|
|
|
5,782
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Specialty Retail – 1.7%
|
||
|
Best Buy Co., Inc.
|
22,340
|
$1,695
|
|
Home Depot (The), Inc.
|
7,050
|
2,486
|
|
Williams-Sonoma, Inc.
|
5,464
|
1,274
|
|
|
|
5,455
|
|
Technology Hardware, Storage & Peripherals – 9.4%
|
||
|
Apple, Inc.(1)
|
85,771
|
24,819
|
|
HP, Inc.
|
71,893
|
1,577
|
|
NetApp, Inc.
|
8,999
|
1,393
|
|
Western Digital Corp.
|
3,064
|
1,957
|
|
|
|
29,746
|
|
Textiles, Apparel & Luxury Goods – 0.5%
|
||
|
Tapestry, Inc.
|
10,691
|
1,565
|
|
Tobacco – 2.3%
|
||
|
Altria Group, Inc.
|
40,778
|
2,934
|
|
Philip Morris International, Inc.
|
23,850
|
4,315
|
|
|
|
7,249
|
|
Trading Companies & Distributors – 0.5%
|
||
|
Fastenal Co.
|
31,554
|
1,515
|
|
Wireless Telecommunication Services – 0.3%
|
||
|
Millicom International Cellular S.A.
|
12,064
|
1,095
|
|
Total Common Stocks
|
|
|
|
(Cost $192,082)
|
|
314,081
|
|
|
|
|
|
INVESTMENT COMPANIES – 1.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
4,022,383
|
4,022
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
2,030,958
|
2,031
|
|
Total Investment Companies
|
|
|
|
(Cost $6,053)
|
|
6,053
|
|
Schedule of Investments
|
|
INCOME EQUITY FUND continued
|
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.62%, 10/15/26(5) (6)
|
$146
|
$144
|
|
Total Short-Term Investments
|
|
|
|
(Cost $144)
|
144
|
|
|
|
|
|
|
Total Investments – 101.2%
|
|
|
|
(Cost $198,279)
|
320,278
|
|
|
Liabilities less Other Assets – (1.2%)
|
(3,676
)
|
|
|
NET ASSETS – 100.0%
|
$316,602
|
|
|
(1)
|
Security represents underlying investment on open written option contracts.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Micro E-Mini
S&P 500
Index
|
56
|
$2,114
|
Long
|
9/26
|
$15
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
Alphabet, Inc., Class A, Exp. Date 7/17/26,
Strike Price $420.00
|
(505
)
|
$(18,047
)
|
$(8
)
|
|
Amazon.com, Inc., Exp. Date 7/17/26,
Strike Price $280.00
|
(353
)
|
(8,413
)
|
(8
)
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
Apple, Inc., Exp. Date 7/17/26, Strike Price
$340.00
|
(401
)
|
$(11,603
)
|
$(2
)
|
|
Apple, Inc., Exp. Date 7/17/26, Strike Price
$350.00
|
(27
)
|
(781
)
|
(—
)*
|
|
Meta Platforms, Inc., Class A, Exp. Date
7/17/26, Strike Price $750.00
|
(64
)
|
(3,605
)
|
(1
)
|
|
NVIDIA Corp., Exp. Date 7/17/26, Strike
Price $250.00
|
(1,384
)
|
(27,692
)
|
(12
)
|
|
Tesla, Inc., Exp. Date 7/17/26, Strike Price
$600.00
|
(68
)
|
(2,860
)
|
(2
)
|
|
Total Written Options Contracts
|
|
|
$(33
)
|
|
(Premiums Received (000s) $67)
|
|
|
|
|
*
|
Amount rounds to less than one thousand.
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$314,081
|
$—
|
$—
|
$314,081
|
|
Investment Companies
|
6,053
|
—
|
—
|
6,053
|
|
Short-Term Investments
|
—
|
144
|
—
|
144
|
|
Total Investments
|
$320,134
|
$144
|
$—
|
$320,278
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$15
|
$—
|
$—
|
$15
|
|
Liabilities
|
|
|
|
|
|
Written Options
|
(33
)
|
—
|
—
|
(33
)
|
|
Total Other Financial
Instruments
|
$(18
)
|
$—
|
$—
|
$(18
)
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$2,749
|
$23,829
|
$22,556
|
$4,022
|
4,022,383
|
$4
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
2,285
|
9,213
|
9,467
|
2,031
|
2,030,958
|
19
|
|
Total
|
$5,034
|
$33,042
|
$32,023
|
$6,053
|
6,053,341
|
$23
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)
|
||
|
Australia – 4.5%
|
||
|
ANZ Group Holdings Ltd.
|
77,449
|
$1,898
|
|
Aristocrat Leisure Ltd.
|
3,412
|
145
|
|
ASX Ltd.
|
2,004
|
74
|
|
Computershare Ltd.
|
6,037
|
160
|
|
CSL Ltd.
|
7,409
|
590
|
|
Fortescue Ltd.
|
129,400
|
1,724
|
|
Origin Energy Ltd.
|
46,240
|
352
|
|
Pro Medicus Ltd.
|
3,186
|
451
|
|
QBE Insurance Group Ltd.
|
65,726
|
1,147
|
|
Rio Tinto PLC
|
12,148
|
1,149
|
|
Scentre Group
|
26,273
|
70
|
|
South32 Ltd.
|
123,201
|
331
|
|
Stockland
|
175,465
|
497
|
|
Telstra Group Ltd.
|
123,363
|
434
|
|
Wesfarmers Ltd.
|
15,508
|
973
|
|
WiseTech Global Ltd.
|
8,145
|
189
|
|
|
|
10,184
|
|
Austria – 0.1%
|
||
|
Verbund A.G.
|
3,974
|
252
|
|
Belgium – 1.3%
|
||
|
Anheuser-Busch InBev S.A./N.V.
|
23,261
|
1,918
|
|
D'ieteren Group
|
960
|
187
|
|
KBC Group N.V.
|
5,986
|
816
|
|
|
|
2,921
|
|
Brazil – 0.1%
|
||
|
Yara International ASA
|
6,753
|
297
|
|
Canada – 11.2%
|
||
|
Agnico Eagle Mines Ltd.
|
11,028
|
1,713
|
|
Barrick Mining Corp.
|
48,918
|
1,799
|
|
Bombardier, Inc., Class B*
|
1,519
|
350
|
|
Brookfield Renewable Corp.
|
7,295
|
271
|
|
Canadian Imperial Bank of Commerce
|
18,294
|
2,107
|
|
Canadian National Railway Co.
|
22,210
|
2,650
|
|
Canadian Natural Resources Ltd.
|
52,844
|
2,091
|
|
Canadian Utilities Ltd., Class A
|
7,837
|
291
|
|
Celestica, Inc.*
|
308
|
112
|
|
CGI, Inc.
|
14,878
|
962
|
|
Constellation Software, Inc.
|
136
|
256
|
|
Emera, Inc.
|
4,236
|
225
|
|
Empire Co. Ltd., Class A
|
13,309
|
466
|
|
Fairfax Financial Holdings Ltd.
|
1,165
|
1,916
|
|
Fortis, Inc.
|
122
|
7
|
|
IGM Financial, Inc.
|
32,582
|
1,819
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
Canada – 11.2%continued
|
||
|
Imperial Oil Ltd.
|
5,668
|
$636
|
|
Magna International, Inc.
|
3,067
|
202
|
|
Manulife Financial Corp.
|
35,954
|
1,458
|
|
Royal Bank of Canada
|
1,008
|
209
|
|
Shopify, Inc., Class A*
|
1,570
|
180
|
|
Suncor Energy, Inc.
|
33,440
|
1,799
|
|
Toronto-Dominion Bank (The)
|
29,248
|
3,556
|
|
|
|
25,075
|
|
Chile – 0.3%
|
||
|
Lundin Mining Corp.
|
26,210
|
639
|
|
China – 1.0%
|
||
|
BOC Hong Kong Holdings Ltd.
|
305,854
|
1,659
|
|
SITC International Holdings Co. Ltd.
|
35,702
|
143
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
183,200
|
487
|
|
|
|
2,289
|
|
Denmark – 1.1%
|
||
|
Novo Nordisk A/S, Class B
|
12,651
|
607
|
|
Pandora A/S
|
8,276
|
954
|
|
Vestas Wind Systems A/S
|
28,343
|
801
|
|
|
|
2,362
|
|
Finland – 1.3%
|
||
|
Fortum OYJ
|
4,332
|
100
|
|
Kone OYJ, Class B
|
5,627
|
320
|
|
Neste OYJ
|
20,323
|
661
|
|
Wartsila OYJ Abp
|
45,964
|
1,755
|
|
|
|
2,836
|
|
France – 6.8%
|
||
|
Amundi S.A.
|
4,242
|
407
|
|
AXA S.A.
|
30,408
|
1,524
|
|
BNP Paribas S.A.
|
16,154
|
1,888
|
|
Bureau Veritas S.A.
|
39,806
|
1,220
|
|
Capgemini S.E.
|
11,717
|
1,179
|
|
Cie Generale des Etablissements
Michelin S.C.A.
|
864
|
33
|
|
Eiffage S.A.
|
7,957
|
1,175
|
|
Engie S.A.
|
21,664
|
683
|
|
LVMH Moet Hennessy Louis Vuitton S.E.
|
3,117
|
1,726
|
|
Publicis Groupe S.A.
|
8,470
|
837
|
|
Safran S.A.
|
4,938
|
1,952
|
|
Societe Generale S.A.
|
28,267
|
2,503
|
|
|
|
15,127
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
Germany – 4.9%
|
||
|
Bayerische Motoren Werke A.G.
|
5,792
|
$379
|
|
Deutsche Bank A.G. (Registered)
|
4,410
|
149
|
|
Deutsche Post A.G.
|
40,445
|
2,454
|
|
Deutsche Telekom A.G. (Registered)
|
94,820
|
2,584
|
|
E.ON S.E.
|
9,324
|
192
|
|
Evonik Industries A.G.
|
15,507
|
281
|
|
Fresenius Medical Care A.G.
|
19,316
|
874
|
|
Fresenius S.E. & Co. KGaA
|
6,818
|
311
|
|
Heidelberg Materials A.G.
|
3,633
|
693
|
|
HOCHTIEF A.G.
|
1,340
|
777
|
|
Mercedes-Benz Group A.G.
|
19,637
|
986
|
|
RWE A.G.
|
4,719
|
306
|
|
SAP S.E.
|
2,426
|
372
|
|
Siemens Energy A.G.
|
1,839
|
349
|
|
Siemens Healthineers A.G.
|
1,119
|
44
|
|
Zalando S.E.*
|
10,054
|
291
|
|
|
|
11,042
|
|
Hong Kong – 1.7%
|
||
|
CK Asset Holdings Ltd.
|
137,252
|
777
|
|
CK Infrastructure Holdings Ltd.
|
33,605
|
256
|
|
Futu Holdings Ltd. ADR
|
7,100
|
666
|
|
Prudential PLC
|
113,839
|
1,516
|
|
Sun Hung Kai Properties Ltd.
|
43,924
|
633
|
|
|
|
3,848
|
|
Indonesia – 0.0%
|
||
|
Jardine Matheson Holdings Ltd.
|
760
|
47
|
|
Ireland – 0.8%
|
||
|
AIB Group PLC (Irish Stock Exchange)
|
155,806
|
1,831
|
|
Israel – 1.5%
|
||
|
Bank Hapoalim B.M.
|
15,685
|
362
|
|
Bank Leumi Le-Israel B.M.
|
83,386
|
1,866
|
|
Check Point Software Technologies
Ltd.*
|
7,916
|
1,040
|
|
|
|
3,268
|
|
Italy – 3.0%
|
||
|
Banca Mediolanum S.p.A.
|
58,214
|
1,450
|
|
Enel S.p.A.
|
88,894
|
1,021
|
|
Ryanair Holdings PLC
|
37,073
|
1,160
|
|
UniCredit S.p.A.
|
33,540
|
3,001
|
|
|
|
6,632
|
|
Ivory Coast – 0.4%
|
||
|
Endeavour Mining PLC
|
15,983
|
791
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
Japan – 20.8%
|
||
|
Advantest Corp.
|
19,400
|
$3,944
|
|
Aisin Corp.
|
57,900
|
782
|
|
Asics Corp.
|
10,300
|
280
|
|
Astellas Pharma, Inc.
|
2,800
|
38
|
|
Chubu Electric Power Co., Inc.
|
400
|
7
|
|
Daito Trust Construction Co. Ltd.
|
22,500
|
429
|
|
Denso Corp.
|
105,600
|
1,220
|
|
Fujikura Ltd.
|
63,600
|
2,469
|
|
Hitachi Ltd.
|
8,400
|
233
|
|
Hoya Corp.
|
3,800
|
613
|
|
Japan Post Insurance Co. Ltd.
|
38,000
|
358
|
|
Kansai Electric Power (The) Co., Inc.
|
6,500
|
91
|
|
Kao Corp.
|
57,400
|
1,138
|
|
KDDI Corp.
|
4,900
|
83
|
|
Komatsu Ltd.
|
38,800
|
1,519
|
|
Lasertec Corp.
|
1,600
|
498
|
|
LY Corp.
|
446,000
|
1,193
|
|
Makita Corp.
|
52,100
|
1,865
|
|
Mitsubishi Chemical Group Corp.
|
106,900
|
743
|
|
Mitsubishi Corp.
|
92,700
|
2,494
|
|
Mitsui & Co. Ltd.
|
8,100
|
226
|
|
Mitsui Kinzoku Co. Ltd.
|
1,100
|
295
|
|
Mizuho Financial Group, Inc.
|
57,000
|
2,737
|
|
MS&AD Insurance Group Holdings,
Inc.
|
56,100
|
1,465
|
|
Murata Manufacturing Co. Ltd.
|
38,900
|
2,804
|
|
Nexon Co. Ltd.
|
19,800
|
263
|
|
Nippon Yusen K.K.
|
15,200
|
489
|
|
Nitto Denko Corp.
|
71,200
|
1,403
|
|
ORIX Corp.
|
32,500
|
1,232
|
|
Osaka Gas Co. Ltd.
|
1,200
|
40
|
|
Otsuka Holdings Co. Ltd.
|
9,100
|
603
|
|
Recruit Holdings Co. Ltd.
|
24,900
|
1,733
|
|
SBI Holdings, Inc.
|
104,100
|
1,693
|
|
Seibu Holdings, Inc.
|
2,100
|
41
|
|
Seven & i Holdings Co. Ltd.
|
18,760
|
226
|
|
Shionogi & Co. Ltd.
|
39,200
|
671
|
|
SoftBank Corp.
|
1,241,000
|
1,588
|
|
SoftBank Group Corp.
|
4,700
|
176
|
|
Sony Group Corp.
|
55,000
|
1,103
|
|
Subaru Corp.
|
79,000
|
1,164
|
|
Sumitomo Corp.
|
98,800
|
949
|
|
Sumitomo Electric Industries Ltd.
|
29,200
|
539
|
|
Suzuki Motor Corp.
|
87,600
|
1,054
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
Japan – 20.8%continued
|
||
|
Tokyo Electron Ltd.
|
6,100
|
$2,950
|
|
Tokyo Gas Co. Ltd.
|
4,600
|
173
|
|
Yokogawa Electric Corp.
|
29,700
|
1,043
|
|
|
|
46,657
|
|
Luxembourg – 0.0%
|
||
|
ArcelorMittal S.A.
|
1,818
|
109
|
|
Mexico – 0.0%
|
||
|
Fresnillo PLC
|
2,297
|
84
|
|
Netherlands – 5.1%
|
||
|
ASML Holding N.V.
|
3,977
|
7,887
|
|
ING Groep N.V.
|
47,409
|
1,500
|
|
Koninklijke Ahold Delhaize N.V.
|
41,613
|
1,675
|
|
Wolters Kluwer N.V.
|
6,012
|
388
|
|
|
|
11,450
|
|
Norway – 1.2%
|
||
|
Equinor ASA
|
23,860
|
750
|
|
Norsk Hydro ASA
|
62,074
|
559
|
|
Orkla ASA
|
131,501
|
1,385
|
|
|
|
2,694
|
|
Portugal – 0.2%
|
||
|
Banco Comercial Portugues S.A.
(Registered)
|
30,626
|
36
|
|
EDP S.A.
|
72,834
|
381
|
|
|
|
417
|
|
Singapore – 1.3%
|
||
|
Oversea-Chinese Banking Corp. Ltd.
|
137,200
|
2,639
|
|
Singapore Technologies Engineering
Ltd.
|
39,300
|
317
|
|
|
|
2,956
|
|
Spain – 4.1%
|
||
|
Acciona S.A.†
|
1,048
|
332
|
|
ACS Actividades de Construccion y
Servicios S.A.
|
7,700
|
1,137
|
|
Aena SME S.A.(2)
|
58,947
|
1,797
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
132,292
|
3,319
|
|
Endesa S.A.
|
8,477
|
386
|
|
Iberdrola S.A.
|
43,318
|
1,081
|
|
Naturgy Energy Group S.A.
|
10,792
|
339
|
|
Repsol S.A.
|
27,146
|
676
|
|
|
|
9,067
|
|
Sweden – 3.7%
|
||
|
Assa Abloy AB, Class B
|
771
|
27
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
Sweden – 3.7%continued
|
||
|
Evolution AB*
|
9,642
|
$664
|
|
H&M Hennes & Mauritz AB, Class B†
|
103,059
|
1,773
|
|
Industrivarden AB, Class C
|
1,077
|
59
|
|
Investor AB, Class B
|
24,053
|
999
|
|
Sandvik AB
|
29,304
|
1,210
|
|
Securitas AB, Class B
|
2,160
|
36
|
|
Svenska Handelsbanken AB, Class A
|
10,171
|
150
|
|
Swedbank AB, Class A
|
57,410
|
2,144
|
|
Tele2 AB, Class B
|
17,596
|
306
|
|
Telefonaktiebolaget LM Ericsson,
Class B
|
78,540
|
877
|
|
|
|
8,245
|
|
Switzerland – 2.0%
|
||
|
ABB Ltd. (Registered)
|
15,384
|
1,669
|
|
Cie Financiere Richemont S.A., Class A
(Registered)
|
1,174
|
273
|
|
Logitech International S.A. (Registered)
|
15,630
|
1,466
|
|
Nestle S.A. (Registered)
|
10,092
|
1,036
|
|
|
|
4,444
|
|
United Kingdom – 10.2%
|
||
|
AstraZeneca PLC
|
1,177
|
220
|
|
Barclays PLC
|
463,996
|
3,116
|
|
British American Tobacco PLC
|
19,841
|
1,224
|
|
Centrica PLC
|
27,200
|
62
|
|
CK Hutchison Holdings Ltd.
|
131,002
|
1,113
|
|
GSK PLC
|
107,150
|
2,811
|
|
HSBC Holdings PLC
|
37,664
|
715
|
|
Imperial Brands PLC
|
48,112
|
1,779
|
|
International Consolidated Airlines
Group S.A. - CDI
|
142,966
|
907
|
|
J Sainsbury PLC
|
243,914
|
1,035
|
|
Kingfisher PLC
|
96,237
|
362
|
|
National Grid PLC
|
58,940
|
976
|
|
NatWest Group PLC
|
154,072
|
1,358
|
|
Next PLC
|
4,253
|
821
|
|
RELX PLC
|
18,819
|
593
|
|
Rolls-Royce Holdings PLC
|
136,457
|
2,620
|
|
Smith & Nephew PLC
|
20,299
|
292
|
|
Smiths Group PLC
|
30,904
|
1,050
|
|
SSE PLC
|
3,655
|
118
|
|
Standard Chartered PLC
|
27,693
|
751
|
|
Vodafone Group PLC
|
615,132
|
813
|
|
|
|
22,736
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.1% (1)continued
|
||
|
United States – 7.5%
|
||
|
AP Moller - Maersk A/S, Class B
|
215
|
$510
|
|
Buzzi S.p.A.
|
1,616
|
83
|
|
Holcim A.G.*
|
14,313
|
1,296
|
|
Novartis A.G. (Registered)
|
29,135
|
4,562
|
|
Roche Holding A.G.
|
11,730
|
4,828
|
|
Roche Holding A.G. (Bearer)
|
2,237
|
939
|
|
Sanofi S.A.
|
14,715
|
1,258
|
|
Shell PLC
|
87,921
|
3,406
|
|
|
|
16,882
|
|
Total Common Stocks
|
|
|
|
(Cost $170,382)
|
|
215,182
|
|
|
|
|
|
PREFERRED STOCKS – 0.6% (1)
|
||
|
Germany – 0.6%
|
||
|
Henkel A.G. & Co. KGaA, 2.82%(3)
|
15,764
|
1,325
|
|
Total Preferred Stocks
|
|
|
|
(Cost $1,216)
|
|
1,325
|
|
|
|
|
|
RIGHTS – 0.0%
|
|
|
|
Spain – 0.0%
|
|
|
|
ACS Actividades de Construccion y
Servicios S.A.*
|
7,700
|
16
|
|
Total Rights
|
|
|
|
(Cost $16)
|
|
16
|
|
|
|
|
|
INVESTMENT COMPANIES – 0.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(4) (5) (6)
|
343,168
|
343
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(4) (5)
|
1,592,806
|
1,593
|
|
Total Investment Companies
|
|
|
|
(Cost $1,936)
|
|
1,936
|
|
|
|
|
|
Total Investments – 97.6%
|
|
|
|
(Cost $173,550)
|
|
218,459
|
|
Other Assets less Liabilities – 2.4%
|
|
5,316
|
|
Net Assets – 100.0%
|
|
$223,775
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration to qualified institutional investors. At June 30, 2026,
the value of this security amounted to approximately $1,797,000 or 0.8% of
net assets.
|
|
(3)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
(4)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(5)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(6)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ADR – American Depositary Receipt
|
|
|
|
CDI – CREST Depository Interest
|
|
|
|
FTSE – Financial Times Stock Exchange
|
|
|
|
S&P – Standard & Poor's
|
|
|
|
SPI – Standardized Precipitation Index
|
|
|
|
TSX – Toronto Stock Exchange
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Euro Stoxx 50
(Euro)
|
47
|
$3,413
|
Long
|
9/26
|
$15
|
|
FTSE 100
Index (British
Pound)
|
7
|
979
|
Long
|
9/26
|
(1
)
|
|
S&P/TSX 60
Index
(Canadian
Dollar)
|
3
|
870
|
Long
|
9/26
|
—*
|
|
SPI 200 Index
(Australian
Dollar)
|
2
|
304
|
Long
|
9/26
|
(4
)
|
|
Yen
Denominated
Nikkei 225
(Japanese
Yen)
|
6
|
1,315
|
Long
|
9/26
|
69
|
|
Total
|
|
|
|
|
$79
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Financials
|
26.2
%
|
|
Industrials
|
18.4
|
|
Information Technology
|
11.6
|
|
Health Care
|
8.9
|
|
Consumer Discretionary
|
7.1
|
|
Materials
|
6.1
|
|
Consumer Staples
|
5.8
|
|
Energy
|
4.4
|
|
Communication Services
|
3.7
|
|
Utilities
|
3.5
|
|
Real Estate
|
1.0
|
|
Short-Term Investments
|
0.9
|
|
Total Investments
|
97.6
|
|
Other Assets less Liabilities
|
2.4
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Canada
|
$25,075
|
$—
|
$—
|
$25,075
|
|
Chile
|
639
|
—
|
—
|
639
|
|
Hong Kong
|
666
|
3,182
|
—
|
3,848
|
|
Israel
|
1,040
|
2,228
|
—
|
3,268
|
|
All Other Countries(1)
|
—
|
182,352
|
—
|
182,352
|
|
Total Common Stocks
|
27,420
|
187,762
|
—
|
215,182
|
|
Preferred Stocks
|
—
|
1,325
|
—
|
1,325
|
|
Rights
|
16
|
—
|
—
|
16
|
|
Investment Companies
|
1,936
|
—
|
—
|
1,936
|
|
Total Investments
|
$29,372
|
$189,087
|
$—
|
$218,459
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$84
|
$—
|
$—
|
$84
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts
|
(5
)
|
—
|
—
|
(5
)
|
|
Total Other Financial
Instruments
|
$79
|
$—
|
$—
|
$79
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$472
|
$709
|
$838
|
$343
|
343,168
|
$—
(1),*
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
3,194
|
23,631
|
25,232
|
1,593
|
1,592,806
|
18
|
|
Total
|
$3,666
|
$24,340
|
$26,070
|
$1,936
|
1,935,974
|
$18
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)
|
||
|
Australia – 7.0%
|
||
|
ANZ Group Holdings Ltd.
|
910,180
|
$22,304
|
|
APA Group†
|
399,164
|
2,805
|
|
Aristocrat Leisure Ltd.
|
163,774
|
6,977
|
|
ASX Ltd.
|
58,998
|
2,179
|
|
BHP Group Ltd.
|
1,534,050
|
64,029
|
|
Brambles Ltd.
|
408,156
|
5,510
|
|
CAR Group Ltd.
|
108,284
|
1,938
|
|
Cochlear Ltd.
|
19,624
|
1,658
|
|
Coles Group Ltd.
|
405,732
|
6,850
|
|
Commonwealth Bank of Australia
|
505,209
|
57,742
|
|
Computershare Ltd.
|
157,175
|
4,172
|
|
CSL Ltd.
|
146,499
|
11,668
|
|
Evolution Mining Ltd.
|
613,438
|
5,009
|
|
Fortescue Ltd.
|
487,896
|
6,499
|
|
Glencore PLC*
|
2,834,222
|
19,331
|
|
Goodman Group
|
601,836
|
13,047
|
|
Insurance Australia Group Ltd.
|
673,607
|
3,777
|
|
Lottery (The) Corp. Ltd.
|
673,798
|
2,688
|
|
Lynas Rare Earths Ltd.*
|
273,482
|
3,427
|
|
Macquarie Group Ltd.
|
109,312
|
19,024
|
|
Medibank Pvt Ltd.
|
832,339
|
2,863
|
|
National Australia Bank Ltd.
|
926,196
|
24,361
|
|
Northern Star Resources Ltd.
|
410,559
|
5,407
|
|
Origin Energy Ltd.
|
519,681
|
3,950
|
|
PLS Group Ltd.*
|
948,066
|
3,319
|
|
Pro Medicus Ltd.
|
17,064
|
2,416
|
|
Qantas Airways Ltd.
|
231,519
|
1,714
|
|
QBE Insurance Group Ltd.
|
453,420
|
7,914
|
|
REA Group Ltd.
|
15,575
|
1,505
|
|
Rio Tinto Ltd.
|
112,340
|
13,377
|
|
Rio Tinto PLC
|
321,899
|
30,446
|
|
Santos Ltd.
|
980,372
|
4,867
|
|
Scentre Group
|
1,580,372
|
4,233
|
|
SGH Ltd.
|
60,488
|
1,963
|
|
Sigma Healthcare Ltd.
|
1,567,427
|
2,987
|
|
Sonic Healthcare Ltd.
|
140,736
|
2,021
|
|
South32 Ltd.
|
1,355,201
|
3,644
|
|
Stockland
|
725,102
|
2,054
|
|
Suncorp Group Ltd.
|
326,826
|
4,361
|
|
Telstra Group Ltd.
|
1,191,935
|
4,192
|
|
Transurban Group
|
942,059
|
9,404
|
|
Vicinity Ltd.
|
1,196,722
|
2,131
|
|
Washington H Soul Pattinson & Co. Ltd.
|
102,945
|
3,295
|
|
Wesfarmers Ltd.
|
342,705
|
21,509
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Australia – 7.0%continued
|
||
|
Westpac Banking Corp.
|
1,032,805
|
$25,251
|
|
WiseTech Global Ltd.
|
57,262
|
1,326
|
|
Woodside Energy Group Ltd.
|
574,000
|
11,113
|
|
Woolworths Group Ltd.
|
368,870
|
10,220
|
|
|
|
472,477
|
|
Austria – 0.4%
|
||
|
BAWAG Group A.G.
|
22,729
|
4,557
|
|
Erste Group Bank A.G.
|
92,860
|
12,441
|
|
OMV A.G.
|
44,217
|
2,774
|
|
Raiffeisen Bank International A.G.
|
39,274
|
2,508
|
|
Verbund A.G.
|
20,668
|
1,313
|
|
|
|
23,593
|
|
Belgium – 0.9%
|
||
|
Ageas S.A./N.V.
|
45,053
|
3,604
|
|
Anheuser-Busch InBev S.A./N.V.
|
271,121
|
22,353
|
|
D'ieteren Group
|
6,316
|
1,231
|
|
Elia Group S.A./N.V.
|
13,148
|
2,091
|
|
Financiere de Tubize S.A.
|
6,018
|
1,589
|
|
Groupe Bruxelles Lambert N.V.
|
21,798
|
1,986
|
|
KBC Group N.V.
|
69,361
|
9,461
|
|
Lotus Bakeries N.V.
|
125
|
1,660
|
|
Sofina S.A.
|
4,907
|
1,249
|
|
Syensqo S.A.
|
21,117
|
1,559
|
|
UCB S.A.
|
36,545
|
10,943
|
|
|
|
57,726
|
|
Brazil – 0.0%
|
||
|
Yara International ASA
|
48,113
|
2,115
|
|
Chile – 0.1%
|
||
|
Antofagasta PLC
|
103,999
|
5,282
|
|
China – 0.4%
|
||
|
BOC Hong Kong Holdings Ltd.
|
1,113,608
|
6,040
|
|
Prosus N.V.*
|
394,644
|
17,153
|
|
SITC International Holdings Co. Ltd.
|
409,000
|
1,642
|
|
Wilmar International Ltd.†
|
479,900
|
1,344
|
|
Yangzijiang Shipbuilding Holdings Ltd.†
|
797,500
|
2,118
|
|
|
|
28,297
|
|
Czech Republic – 0.0%
|
||
|
CSG N.V.*
|
45,622
|
666
|
|
Denmark – 1.6%
|
||
|
Carlsberg A.S., Class B
|
28,321
|
3,716
|
|
Coloplast A/S, Class B
|
37,592
|
2,144
|
|
Danske Bank A/S
|
189,056
|
10,143
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Denmark – 1.6%continued
|
||
|
Demant A/S* †
|
27,804
|
$1,138
|
|
DSV A/S
|
58,069
|
13,785
|
|
Genmab A/S*
|
18,408
|
5,043
|
|
Novo Nordisk A/S, Class B
|
972,139
|
46,638
|
|
Novonesis (Novozymes) B
|
106,178
|
6,710
|
|
Orsted A.S.(2) *
|
139,482
|
3,136
|
|
Pandora A/S
|
22,552
|
2,601
|
|
ROCKWOOL A/S, Class B
|
27,940
|
898
|
|
Tryg A/S
|
92,211
|
2,099
|
|
Vestas Wind Systems A/S
|
289,575
|
8,182
|
|
|
|
106,233
|
|
Finland – 1.2%
|
||
|
Elisa OYJ
|
42,999
|
1,805
|
|
Fortum OYJ
|
135,222
|
3,124
|
|
Kesko OYJ, Class B
|
80,549
|
1,801
|
|
Kone OYJ, Class B
|
99,173
|
5,644
|
|
Metso OYJ
|
194,812
|
3,387
|
|
Neste OYJ
|
127,660
|
4,150
|
|
Nokia OYJ
|
1,516,648
|
20,077
|
|
Nordea Bank Abp
|
924,360
|
17,555
|
|
Orion OYJ, Class B
|
33,074
|
2,721
|
|
Sampo OYJ, Class A
|
720,563
|
7,574
|
|
Stora Enso OYJ (Registered)
|
166,233
|
1,774
|
|
UPM-Kymmene OYJ
|
159,266
|
4,225
|
|
Wartsila OYJ Abp
|
147,217
|
5,620
|
|
|
|
79,457
|
|
France – 8.0%
|
||
|
Abivax S.A.* †
|
16,143
|
2,143
|
|
Accor S.A.
|
56,591
|
3,290
|
|
Aeroports de Paris S.A.†
|
9,424
|
1,228
|
|
Air Liquide S.A.
|
192,303
|
38,083
|
|
Airbus S.E.
|
179,379
|
39,926
|
|
Alstom S.A.*
|
105,319
|
1,833
|
|
Amundi S.A.
|
18,676
|
1,792
|
|
AXA S.A.
|
473,169
|
23,714
|
|
Ayvens S.A.
|
100,173
|
1,321
|
|
BioMerieux
|
12,245
|
962
|
|
BNP Paribas S.A.
|
299,253
|
34,976
|
|
Bollore S.E.†
|
185,919
|
862
|
|
Bouygues S.A.
|
66,867
|
3,731
|
|
Bureau Veritas S.A.
|
96,025
|
2,942
|
|
Capgemini S.E.
|
46,150
|
4,641
|
|
Carrefour S.A.
|
177,689
|
3,301
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
France – 8.0%continued
|
||
|
Cie de Saint-Gobain S.A.
|
134,200
|
$12,150
|
|
Cie Generale des Etablissements
Michelin S.C.A.
|
186,469
|
7,202
|
|
Covivio S.A./France
|
15,848
|
971
|
|
Credit Agricole S.A.
|
273,983
|
5,511
|
|
Danone S.A.
|
190,221
|
15,601
|
|
Dassault Aviation S.A.
|
5,197
|
1,706
|
|
Dassault Systemes S.E.
|
202,255
|
4,119
|
|
Eiffage S.A.
|
20,705
|
3,057
|
|
Engie S.A.
|
537,183
|
16,938
|
|
EssilorLuxottica S.A.
|
90,840
|
17,043
|
|
Gecina S.A.
|
13,737
|
1,156
|
|
Getlink S.E.
|
74,975
|
1,594
|
|
Hermes International S.C.A.
|
7,800
|
14,273
|
|
Ipsen S.A.
|
10,115
|
1,951
|
|
Kering S.A.
|
21,407
|
6,087
|
|
Klepierre S.A.
|
65,195
|
2,726
|
|
Legrand S.A.
|
77,158
|
13,024
|
|
L'Oreal S.A.
|
72,499
|
31,807
|
|
LVMH Moet Hennessy Louis Vuitton S.E.
|
75,094
|
41,585
|
|
Orange S.A.
|
562,547
|
10,611
|
|
Pernod Ricard S.A.
|
58,972
|
4,306
|
|
Publicis Groupe S.A.
|
69,083
|
6,828
|
|
Renault S.A.
|
56,432
|
1,619
|
|
Rexel S.A.
|
66,379
|
2,901
|
|
Safran S.A.
|
104,222
|
41,205
|
|
Sartorius Stedim Biotech
|
8,855
|
1,839
|
|
Societe Generale S.A.
|
192,898
|
17,081
|
|
Sodexo S.A.
|
23,259
|
1,346
|
|
Thales S.A.
|
28,013
|
7,197
|
|
TotalEnergies S.E.
|
594,564
|
46,186
|
|
Unibail-Rodamco-Westfield*
|
32,650
|
3,819
|
|
Veolia Environnement S.A.
|
180,490
|
7,517
|
|
Vinci S.A.
|
140,589
|
20,562
|
|
|
|
536,263
|
|
Germany – 8.2%
|
||
|
adidas A.G.
|
49,140
|
10,075
|
|
Allianz S.E. (Registered)
|
114,789
|
54,323
|
|
BASF S.E.
|
269,072
|
14,383
|
|
Bayer A.G. (Registered)
|
296,492
|
16,391
|
|
Bayerische Motoren Werke A.G.
|
84,804
|
5,550
|
|
Beiersdorf A.G.
|
27,346
|
2,354
|
|
Brenntag S.E.
|
35,492
|
2,157
|
|
Commerzbank A.G.
|
195,607
|
8,323
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Germany – 8.2%continued
|
||
|
Continental A.G.
|
33,214
|
$2,739
|
|
CTS Eventim A.G. & Co. KGaA
|
18,278
|
1,066
|
|
Daimler Truck Holding A.G.
|
138,477
|
6,678
|
|
Deutsche Bank A.G. (Registered)
|
547,814
|
18,549
|
|
Deutsche Boerse A.G.
|
54,835
|
14,963
|
|
Deutsche Lufthansa A.G. (Registered)
|
179,851
|
2,058
|
|
Deutsche Post A.G.
|
277,583
|
16,844
|
|
Deutsche Telekom A.G. (Registered)
|
1,036,516
|
28,249
|
|
E.ON S.E.
|
677,285
|
13,974
|
|
Evonik Industries A.G.
|
77,675
|
1,410
|
|
Fresenius Medical Care A.G.
|
57,582
|
2,605
|
|
Fresenius S.E. & Co. KGaA
|
127,550
|
5,825
|
|
GEA Group A.G.
|
44,027
|
3,020
|
|
Hannover Rueck S.E.
|
18,202
|
5,042
|
|
Heidelberg Materials A.G.
|
39,913
|
7,614
|
|
Henkel A.G. & Co. KGaA
|
28,988
|
2,292
|
|
Hensoldt A.G.
|
18,876
|
1,462
|
|
HOCHTIEF A.G.
|
4,447
|
2,577
|
|
Infineon Technologies A.G.
|
394,084
|
36,790
|
|
Knorr-Bremse A.G.
|
19,332
|
2,245
|
|
Mercedes-Benz Group A.G.
|
217,509
|
10,917
|
|
Merck KGaA
|
39,067
|
6,556
|
|
MTU Aero Engines A.G.
|
16,286
|
6,774
|
|
Muenchener
Rueckversicherungs-Gesellschaft
A.G. in Muenchen (Registered)
|
39,429
|
22,011
|
|
Nemetschek S.E.
|
17,262
|
1,044
|
|
Rational A.G.
|
1,555
|
1,138
|
|
Rheinmetall A.G.
|
14,057
|
15,911
|
|
RWE A.G.
|
194,239
|
12,584
|
|
SAP S.E.
|
315,153
|
48,263
|
|
Scout24 S.E.
|
20,969
|
1,734
|
|
Siemens A.G. (Registered)
|
224,204
|
72,044
|
|
Siemens Energy A.G.
|
233,936
|
44,337
|
|
Siemens Healthineers A.G.
|
101,566
|
3,969
|
|
Symrise A.G.
|
39,874
|
4,002
|
|
Talanx A.G.
|
18,514
|
2,340
|
|
Vonovia S.E.
|
217,962
|
5,378
|
|
Zalando S.E.*
|
62,818
|
1,820
|
|
|
|
550,380
|
|
Guatemala – 0.0%
|
||
|
Millicom International Cellular S.A.
|
28,001
|
2,541
|
|
Hong Kong – 1.5%
|
||
|
AIA Group Ltd.
|
3,171,486
|
29,089
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Hong Kong – 1.5%continued
|
||
|
CK Asset Holdings Ltd.
|
526,638
|
$2,981
|
|
CK Infrastructure Holdings Ltd.
|
191,853
|
1,464
|
|
CLP Holdings Ltd.
|
494,514
|
4,622
|
|
Futu Holdings Ltd. ADR
|
14,779
|
1,385
|
|
Henderson Land Development Co. Ltd.†
|
397,929
|
1,263
|
|
HKT Trust & HKT Ltd.
|
1,077,220
|
1,602
|
|
Hong Kong & China Gas Co. Ltd.
|
3,362,005
|
2,795
|
|
Hong Kong Exchanges & Clearing Ltd.
|
363,196
|
16,880
|
|
Hongkong Land Holdings Ltd.†
|
291,500
|
2,086
|
|
Link REIT†
|
787,578
|
3,674
|
|
MTR Corp. Ltd.†
|
457,636
|
1,786
|
|
Power Assets Holdings Ltd.
|
417,317
|
3,045
|
|
Prudential PLC
|
761,263
|
10,137
|
|
Sino Land Co. Ltd.
|
1,135,502
|
1,494
|
|
Sun Hung Kai Properties Ltd.
|
393,258
|
5,667
|
|
Swire Pacific Ltd., Class A
|
106,051
|
1,109
|
|
Techtronic Industries Co. Ltd.
|
413,833
|
6,909
|
|
WH Group Ltd.(2)
|
2,387,213
|
2,531
|
|
Wharf Real Estate Investment Co. Ltd.
|
454,766
|
1,246
|
|
|
|
101,765
|
|
Indonesia – 0.0%
|
||
|
Jardine Matheson Holdings Ltd.†
|
48,600
|
3,004
|
|
Ireland – 0.4%
|
||
|
AerCap Holdings N.V.
|
48,597
|
7,085
|
|
AIB Group PLC (Irish Stock Exchange)
|
640,471
|
7,527
|
|
Bank of Ireland Group PLC
|
286,772
|
5,716
|
|
Irish Bank Resolution Corp. Ltd.(3) *
|
99,788
|
—
|
|
Kerry Group PLC, Class A
|
48,133
|
4,420
|
|
Kingspan Group PLC
|
46,218
|
4,227
|
|
|
|
28,975
|
|
Israel – 1.1%
|
||
|
Azrieli Group Ltd.
|
13,152
|
1,790
|
|
Bank Hapoalim B.M.
|
395,397
|
9,119
|
|
Bank Leumi Le-Israel B.M.
|
445,976
|
9,977
|
|
Check Point Software Technologies
Ltd.*
|
23,611
|
3,103
|
|
Elbit Systems Ltd.
|
8,439
|
6,418
|
|
Enlight Renewable Energy Ltd.*
|
41,975
|
3,717
|
|
Harel Insurance Investments & Financial
Services Ltd.
|
35,700
|
1,882
|
|
ICL Group Ltd.
|
217,946
|
1,093
|
|
Israel Discount Bank Ltd., Class A
|
369,182
|
3,662
|
|
Mizrahi Tefahot Bank Ltd.
|
47,055
|
3,111
|
|
Nova Ltd.*
|
9,212
|
4,897
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Israel – 1.1%continued
|
||
|
OPC Energy Ltd.*
|
51,397
|
$1,600
|
|
Phoenix Financial Ltd.
|
68,660
|
3,805
|
|
Teva Pharmaceutical Industries Ltd.
ADR*
|
351,448
|
11,907
|
|
Tower Semiconductor Ltd.*
|
33,732
|
8,684
|
|
|
|
74,765
|
|
Italy – 3.2%
|
||
|
Banca Mediolanum S.p.A.
|
61,772
|
1,538
|
|
Banca Monte dei Paschi di Siena S.p.A.
|
572,706
|
7,111
|
|
Banco BPM S.p.A.
|
342,734
|
5,920
|
|
BPER Banca S.p.A.
|
472,063
|
7,410
|
|
Coca-Cola HBC A.G. - CDI*
|
60,427
|
3,944
|
|
Davide Campari-Milano N.V.†
|
181,076
|
1,127
|
|
Enel S.p.A.
|
2,301,149
|
26,439
|
|
Eni S.p.A.
|
548,620
|
12,833
|
|
Ferrari N.V.
|
36,578
|
13,556
|
|
FinecoBank Banca Fineco S.p.A.
|
186,685
|
4,684
|
|
Generali†
|
246,898
|
12,023
|
|
Intesa Sanpaolo S.p.A.
|
4,203,976
|
28,797
|
|
Italgas S.p.A.
|
185,538
|
2,149
|
|
Leonardo S.p.A.
|
119,223
|
6,393
|
|
Moncler S.p.A.
|
66,187
|
3,840
|
|
Poste Italiane S.p.A.†
|
137,740
|
4,505
|
|
Prysmian S.p.A.
|
84,969
|
14,274
|
|
Recordati Industria Chimica e
Farmaceutica S.p.A.
|
31,451
|
1,844
|
|
Ryanair Holdings PLC
|
126,280
|
3,954
|
|
Snam S.p.A.
|
609,061
|
4,384
|
|
Telecom Italia S.p.A./Milano*
|
517,902
|
4,720
|
|
Terna - Rete Elettrica Nazionale
|
423,694
|
4,957
|
|
UniCredit S.p.A.
|
409,625
|
36,648
|
|
Unipol Assicurazioni S.p.A.
|
109,139
|
3,046
|
|
|
|
216,096
|
|
Ivory Coast – 0.1%
|
||
|
Endeavour Mining PLC
|
64,519
|
3,192
|
|
Japan – 23.0%
|
||
|
Advantest Corp.
|
221,000
|
44,924
|
|
Aeon Co. Ltd.
|
652,400
|
5,384
|
|
AGC, Inc.
|
57,600
|
2,491
|
|
Aisin Corp.
|
142,300
|
1,923
|
|
Ajinomoto Co., Inc.
|
261,700
|
9,520
|
|
ANA Holdings, Inc.
|
45,600
|
835
|
|
Asahi Group Holdings Ltd.
|
424,200
|
4,036
|
|
Asahi Kasei Corp.
|
380,500
|
4,197
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Japan – 23.0%continued
|
||
|
Asics Corp.
|
204,900
|
$5,572
|
|
Astellas Pharma, Inc.
|
521,200
|
7,007
|
|
Bandai Namco Holdings, Inc.
|
151,900
|
3,550
|
|
Bridgestone Corp.
|
327,100
|
6,887
|
|
Canon, Inc.
|
241,400
|
6,169
|
|
Capcom Co. Ltd.
|
80,400
|
1,492
|
|
Central Japan Railway Co.
|
226,900
|
4,870
|
|
Chiba Bank (The) Ltd.
|
166,600
|
2,534
|
|
Chubu Electric Power Co., Inc.
|
201,000
|
3,780
|
|
Chugai Pharmaceutical Co. Ltd.
|
202,765
|
9,388
|
|
Dai Nippon Printing Co. Ltd.
|
112,300
|
2,056
|
|
Daifuku Co. Ltd.
|
94,500
|
4,204
|
|
Daiichi Life Group, Inc.
|
1,038,600
|
11,383
|
|
Daiichi Sankyo Co. Ltd.
|
514,500
|
8,257
|
|
Daikin Industries Ltd.
|
79,600
|
12,091
|
|
Daito Trust Construction Co. Ltd.
|
86,700
|
1,654
|
|
Daiwa House Industry Co. Ltd.
|
170,300
|
4,610
|
|
Daiwa Securities Group, Inc.
|
379,300
|
3,730
|
|
Denso Corp.
|
499,500
|
5,770
|
|
Disco Corp.
|
26,200
|
13,316
|
|
East Japan Railway Co.
|
291,136
|
6,102
|
|
Ebara Corp.
|
138,200
|
5,420
|
|
Eisai Co. Ltd.
|
75,800
|
1,916
|
|
ENEOS Holdings, Inc.
|
776,697
|
5,718
|
|
FANUC Corp.
|
281,600
|
12,876
|
|
Fast Retailing Co. Ltd.
|
57,700
|
29,509
|
|
Fuji Electric Co. Ltd.
|
41,700
|
3,529
|
|
FUJIFILM Holdings Corp.
|
337,800
|
7,266
|
|
Fujikura Ltd.
|
455,500
|
17,682
|
|
Fujitsu Ltd.
|
512,000
|
10,218
|
|
Furukawa Electric Co. Ltd.
|
197,000
|
5,859
|
|
Hankyu Hanshin Holdings, Inc.
|
68,400
|
1,799
|
|
Hikari Tsushin, Inc.
|
5,400
|
1,182
|
|
Hitachi Ltd.
|
1,334,900
|
37,096
|
|
Honda Motor Co. Ltd.
|
1,093,700
|
9,908
|
|
Hoya Corp.
|
102,200
|
16,482
|
|
Hulic Co. Ltd.
|
135,300
|
1,411
|
|
Ibiden Co. Ltd.
|
70,200
|
10,540
|
|
Idemitsu Kosan Co. Ltd.
|
229,840
|
1,688
|
|
IHI Corp.
|
293,500
|
4,959
|
|
Inpex Corp.
|
266,200
|
5,364
|
|
Isuzu Motors Ltd.
|
156,200
|
2,065
|
|
ITOCHU Corp.
|
1,674,700
|
19,257
|
|
Japan Exchange Group, Inc.
|
288,800
|
3,640
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Japan – 23.0%continued
|
||
|
Japan Post Bank Co. Ltd.
|
539,600
|
$10,279
|
|
Japan Post Holdings Co. Ltd.
|
515,000
|
6,904
|
|
Japan Post Insurance Co. Ltd.
|
161,400
|
1,522
|
|
Japan Tobacco, Inc.
|
331,900
|
12,196
|
|
JFE Holdings, Inc.
|
167,900
|
1,617
|
|
JX Advanced Metals Corp.
|
161,100
|
4,456
|
|
Kajima Corp.
|
120,600
|
4,403
|
|
Kansai Electric Power (The) Co., Inc.
|
286,100
|
4,021
|
|
Kao Corp.
|
263,800
|
5,230
|
|
Kawasaki Heavy Industries Ltd.
|
223,400
|
4,069
|
|
Kawasaki Kisen Kaisha Ltd.
|
106,100
|
1,627
|
|
KDDI Corp.
|
885,100
|
14,931
|
|
Keyence Corp.
|
56,856
|
28,646
|
|
Kikkoman Corp.
|
201,800
|
2,070
|
|
Kioxia Holdings Corp.*
|
94,800
|
53,822
|
|
Kirin Holdings Co. Ltd.
|
233,900
|
4,008
|
|
Komatsu Ltd.
|
259,700
|
10,165
|
|
Konami Group Corp.
|
29,000
|
3,169
|
|
Kubota Corp.
|
292,100
|
4,890
|
|
Kyocera Corp.
|
352,900
|
7,824
|
|
Kyowa Kirin Co. Ltd.
|
73,200
|
1,169
|
|
Lasertec Corp.
|
23,500
|
7,312
|
|
LY Corp.
|
796,700
|
2,131
|
|
Makita Corp.
|
65,100
|
2,331
|
|
Marubeni Corp.
|
426,200
|
12,411
|
|
MINEBEA MITSUMI, Inc.
|
99,600
|
2,956
|
|
Mitsubishi Chemical Group Corp.
|
359,000
|
2,494
|
|
Mitsubishi Corp.
|
912,100
|
24,535
|
|
Mitsubishi Electric Corp.
|
574,100
|
21,053
|
|
Mitsubishi Estate Co. Ltd.
|
312,400
|
7,951
|
|
Mitsubishi HC Capital, Inc.
|
251,800
|
2,037
|
|
Mitsubishi Heavy Industries Ltd.
|
967,600
|
22,032
|
|
Mitsubishi UFJ Financial Group, Inc.
|
3,224,395
|
63,966
|
|
Mitsui & Co. Ltd.
|
713,400
|
19,869
|
|
Mitsui Fudosan Co. Ltd.
|
749,000
|
6,900
|
|
Mitsui Kinzoku Co. Ltd.
|
16,500
|
4,418
|
|
Mitsui OSK Lines Ltd.†
|
101,700
|
3,256
|
|
Mizuho Financial Group, Inc.
|
714,018
|
34,286
|
|
MS&AD Insurance Group Holdings,
Inc.
|
360,429
|
9,413
|
|
Murata Manufacturing Co. Ltd.
|
488,673
|
35,219
|
|
NEC Corp.
|
370,600
|
8,997
|
|
Nexon Co. Ltd.
|
89,600
|
1,192
|
|
NIDEC CORP.*
|
251,900
|
4,138
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Japan – 23.0%continued
|
||
|
Nintendo Co. Ltd.
|
330,300
|
$13,871
|
|
Nippon Building Fund, Inc.
|
2,287
|
1,769
|
|
Nippon Paint Holdings Co. Ltd.
|
289,500
|
1,884
|
|
Nippon Sanso Holdings Corp.
|
52,300
|
1,930
|
|
Nippon Steel Corp.†
|
1,462,605
|
4,844
|
|
Nippon Yusen K.K.
|
117,300
|
3,772
|
|
Nissan Motor Co. Ltd.*
|
708,500
|
1,315
|
|
Nitori Holdings Co. Ltd.
|
115,400
|
1,715
|
|
Nitto Denko Corp.
|
204,700
|
4,032
|
|
Nomura Holdings, Inc.
|
880,900
|
7,687
|
|
Nomura Research Institute Ltd.
|
114,022
|
3,231
|
|
NTT, Inc.
|
9,110,000
|
8,125
|
|
Obayashi Corp.
|
187,100
|
3,787
|
|
Obic Co. Ltd.
|
97,600
|
2,288
|
|
Olympus Corp.
|
329,000
|
3,458
|
|
Oriental Land Co. Ltd.
|
326,300
|
4,995
|
|
ORIX Corp.
|
330,600
|
12,530
|
|
Osaka Gas Co. Ltd.
|
102,100
|
3,434
|
|
Otsuka Corp.
|
70,300
|
1,204
|
|
Otsuka Holdings Co. Ltd.
|
125,815
|
8,334
|
|
Pan Pacific International Holdings Corp.
|
575,500
|
2,937
|
|
Panasonic Holdings Corp.
|
703,800
|
19,761
|
|
Rakuten Group, Inc.*
|
425,500
|
1,985
|
|
Recruit Holdings Co. Ltd.
|
400,000
|
27,844
|
|
Renesas Electronics Corp.
|
522,000
|
15,769
|
|
Resona Holdings, Inc.
|
626,610
|
8,173
|
|
Resonac Holdings Corp.
|
53,000
|
5,910
|
|
Ryohin Keikaku Co. Ltd.
|
153,600
|
3,356
|
|
Sanrio Co. Ltd.†
|
289,100
|
1,954
|
|
SBI Holdings, Inc.
|
159,520
|
2,595
|
|
SCREEN Holdings Co. Ltd.
|
45,500
|
5,086
|
|
Secom Co. Ltd.
|
117,100
|
4,653
|
|
Seibu Holdings, Inc.†
|
59,400
|
1,160
|
|
Sekisui House Ltd.
|
176,400
|
3,670
|
|
Seven & i Holdings Co. Ltd.
|
570,100
|
6,872
|
|
Shimano, Inc.
|
21,800
|
2,328
|
|
Shimizu Corp.
|
147,200
|
2,334
|
|
Shin-Etsu Chemical Co. Ltd.
|
494,200
|
21,551
|
|
Shionogi & Co. Ltd.
|
228,400
|
3,908
|
|
Shiseido Co. Ltd.
|
120,700
|
1,952
|
|
SMC Corp.
|
16,400
|
7,297
|
|
SoftBank Corp.
|
8,688,600
|
11,121
|
|
SoftBank Group Corp.
|
1,120,700
|
42,046
|
|
Sompo Holdings, Inc.
|
246,735
|
9,412
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Japan – 23.0%continued
|
||
|
Sony Group Corp.
|
1,763,500
|
$35,363
|
|
Subaru Corp.
|
156,400
|
2,305
|
|
Sumitomo Corp.
|
1,226,000
|
11,779
|
|
Sumitomo Electric Industries Ltd.
|
862,400
|
15,919
|
|
Sumitomo Metal Mining Co. Ltd.
|
72,900
|
3,407
|
|
Sumitomo Mitsui Financial Group, Inc.
|
1,097,626
|
42,913
|
|
Sumitomo Mitsui Trust Group, Inc.
|
189,738
|
7,083
|
|
Sumitomo Realty & Development Co.
Ltd.
|
174,400
|
4,012
|
|
Suntory Beverage & Food Ltd.
|
41,500
|
1,148
|
|
Suzuki Motor Corp.
|
473,400
|
5,698
|
|
T&D Holdings, Inc.
|
132,100
|
3,913
|
|
Taisei Corp.
|
43,100
|
3,820
|
|
Takeda Pharmaceutical Co. Ltd.
|
480,766
|
15,178
|
|
TDK Corp.
|
571,900
|
12,774
|
|
Terumo Corp.
|
401,400
|
5,523
|
|
Toho Co. Ltd.
|
162,200
|
1,297
|
|
Tokio Marine Holdings, Inc.
|
540,000
|
23,912
|
|
Tokyo Electron Ltd.
|
135,200
|
65,382
|
|
Tokyo Gas Co. Ltd.
|
89,700
|
3,373
|
|
TOPPAN Holdings, Inc.
|
65,000
|
2,061
|
|
Toray Industries, Inc.
|
385,500
|
2,676
|
|
Toyota Motor Corp.
|
2,860,620
|
47,973
|
|
Toyota Tsusho Corp.
|
192,300
|
7,174
|
|
Unicharm Corp.
|
322,200
|
1,875
|
|
West Japan Railway Co.
|
122,900
|
2,061
|
|
Yamaha Motor Co. Ltd.
|
269,800
|
2,043
|
|
Yokogawa Electric Corp.
|
65,900
|
2,315
|
|
Yokohama Financial Group, Inc.
|
293,500
|
3,135
|
|
Zensho Holdings Co. Ltd.
|
28,500
|
1,414
|
|
|
|
1,544,436
|
|
Jersey – 0.0%
|
||
|
CVC Capital Partners PLC†
|
65,291
|
949
|
|
Luxembourg – 0.2%
|
||
|
ArcelorMittal S.A.
|
128,557
|
7,730
|
|
Eurofins Scientific S.E.
|
35,066
|
2,749
|
|
|
|
10,479
|
|
Macau – 0.1%
|
||
|
Galaxy Entertainment Group Ltd.
|
592,148
|
2,230
|
|
Sands China Ltd.
|
729,099
|
1,218
|
|
|
|
3,448
|
|
Mexico – 0.0%
|
||
|
Fresnillo PLC
|
55,611
|
2,027
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Netherlands – 5.9%
|
||
|
ABN AMRO Bank N.V. - CVA
|
186,171
|
$7,918
|
|
Adyen N.V.*
|
8,083
|
7,549
|
|
Akzo Nobel N.V.
|
46,067
|
3,124
|
|
Argenx S.E.*
|
18,678
|
17,326
|
|
ASM International N.V.
|
14,136
|
16,182
|
|
ASML Holding N.V.
|
117,166
|
232,368
|
|
ASR Nederland N.V.
|
47,616
|
3,594
|
|
BE Semiconductor Industries N.V.
|
21,674
|
7,117
|
|
Euronext N.V.
|
23,499
|
3,759
|
|
EXOR N.V.
|
27,497
|
2,107
|
|
Heineken Holding N.V.
|
37,946
|
2,895
|
|
Heineken N.V.
|
86,620
|
7,286
|
|
ING Groep N.V.
|
881,007
|
27,873
|
|
Koninklijke Ahold Delhaize N.V.
|
266,868
|
10,740
|
|
Koninklijke KPN N.V.
|
1,153,860
|
5,724
|
|
Koninklijke Philips N.V.
|
240,200
|
6,527
|
|
Magnum Ice Cream (The) Co. N.V.* †
|
143,514
|
2,497
|
|
Nebius Group N.V.*
|
60,945
|
16,831
|
|
NN Group N.V.
|
78,943
|
6,917
|
|
Universal Music Group N.V.
|
305,002
|
6,389
|
|
Wolters Kluwer N.V.
|
68,366
|
4,419
|
|
|
|
399,142
|
|
New Zealand – 0.2%
|
||
|
Auckland International Airport Ltd.†
|
508,975
|
2,416
|
|
Contact Energy Ltd.
|
277,158
|
1,469
|
|
Fisher & Paykel Healthcare Corp. Ltd.
|
177,365
|
3,923
|
|
Infratil Ltd.
|
273,923
|
2,403
|
|
Meridian Energy Ltd.
|
379,938
|
1,257
|
|
Xero Ltd.*
|
48,399
|
2,433
|
|
|
|
13,901
|
|
Nigeria – 0.0%
|
||
|
Airtel Africa PLC
|
231,497
|
1,006
|
|
Norway – 0.5%
|
||
|
Aker BP ASA
|
95,559
|
2,907
|
|
DNB Bank ASA
|
246,103
|
7,320
|
|
Equinor ASA
|
212,384
|
6,674
|
|
Gjensidige Forsikring ASA
|
58,644
|
1,588
|
|
Kongsberg Gruppen ASA
|
126,270
|
3,807
|
|
Mowi ASA
|
131,460
|
2,431
|
|
Norsk Hydro ASA
|
385,986
|
3,479
|
|
Orkla ASA
|
219,565
|
2,313
|
|
Salmar ASA
|
19,918
|
933
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Norway – 0.5%continued
|
||
|
Telenor ASA
|
186,380
|
$2,679
|
|
Var Energi ASA
|
283,211
|
1,170
|
|
|
|
35,301
|
|
Poland – 0.0%
|
||
|
InPost S.A.*
|
76,530
|
1,348
|
|
Portugal – 0.2%
|
||
|
Banco Comercial Portugues S.A.
(Registered)
|
2,453,737
|
2,905
|
|
Banco Espirito Santo S.A.
(Registered)(3) *
|
882,815
|
—
|
|
EDP S.A.
|
882,149
|
4,618
|
|
Galp Energia SGPS S.A.
|
123,289
|
2,625
|
|
Jeronimo Martins SGPS S.A.
|
85,096
|
1,630
|
|
|
|
11,778
|
|
Singapore – 1.8%
|
||
|
CapitaLand Ascendas REIT*
|
1,183,733
|
2,284
|
|
CapitaLand Integrated Commercial
Trust
|
1,839,883
|
3,382
|
|
CapitaLand Investment Ltd.†
|
722,962
|
1,396
|
|
DBS Group Holdings Ltd.
|
622,205
|
31,438
|
|
Grab Holdings Ltd., Class A*
|
723,522
|
2,728
|
|
Keppel Ltd.
|
428,650
|
3,652
|
|
Oversea-Chinese Banking Corp. Ltd.
|
987,351
|
18,993
|
|
Sea Ltd. ADR*
|
114,019
|
10,926
|
|
Sembcorp Industries Ltd.
|
270,500
|
1,332
|
|
Singapore Airlines Ltd.†
|
462,135
|
2,755
|
|
Singapore Exchange Ltd.
|
242,300
|
4,533
|
|
Singapore Technologies Engineering
Ltd.
|
473,000
|
3,816
|
|
Singapore Telecommunications Ltd.
|
2,236,725
|
7,665
|
|
STMicroelectronics N.V.
|
190,682
|
14,238
|
|
United Overseas Bank Ltd.
|
364,049
|
11,224
|
|
|
|
120,362
|
|
South Africa – 0.2%
|
||
|
Anglo American PLC
|
319,933
|
15,669
|
|
South Korea – 0.0%
|
||
|
Delivery Hero S.E.*
|
50,363
|
2,072
|
|
Spain – 3.7%
|
||
|
Acciona S.A.†
|
7,440
|
2,358
|
|
ACS Actividades de Construccion y
Servicios S.A.
|
53,287
|
7,869
|
|
Aena SME S.A.(2)
|
226,594
|
6,907
|
|
Amadeus IT Group S.A.
|
132,472
|
7,608
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Spain – 3.7%continued
|
||
|
Banco Bilbao Vizcaya Argentaria S.A.
|
1,700,832
|
$42,667
|
|
Banco de Sabadell S.A.
|
1,467,314
|
5,212
|
|
Banco Santander S.A.
|
4,323,450
|
59,811
|
|
Bankinter S.A.
|
189,992
|
3,188
|
|
CaixaBank S.A.
|
1,060,420
|
15,051
|
|
Cellnex Telecom S.A.*
|
144,131
|
4,316
|
|
EDP Renewables S.A.
|
98,043
|
1,588
|
|
Endesa S.A.
|
95,202
|
4,338
|
|
Iberdrola S.A.
|
1,835,925
|
45,822
|
|
Indra Sistemas S.A.†
|
22,882
|
1,258
|
|
Industria de Diseno Textil S.A.
|
329,263
|
20,752
|
|
Mapfre S.A.
|
271,636
|
1,344
|
|
Naturgy Energy Group S.A.
|
124,383
|
3,903
|
|
Redeia Corp. S.A.
|
122,274
|
2,081
|
|
Repsol S.A.
|
333,664
|
8,306
|
|
Telefonica S.A.
|
1,112,666
|
4,472
|
|
|
|
248,851
|
|
Sweden – 3.0%
|
||
|
AddTech AB, Class B
|
78,476
|
2,766
|
|
Alfa Laval AB
|
87,220
|
5,193
|
|
Assa Abloy AB, Class B
|
293,516
|
10,368
|
|
Atlas Copco AB, Class A
|
759,419
|
15,415
|
|
Atlas Copco AB, Class B
|
447,045
|
7,923
|
|
Beijer Ref AB
|
121,854
|
1,786
|
|
Boliden AB
|
85,628
|
4,835
|
|
Epiroc AB, Class A
|
191,471
|
5,253
|
|
Epiroc AB, Class B
|
110,287
|
2,560
|
|
EQT AB
|
129,998
|
3,678
|
|
Essity AB, Class B
|
174,304
|
4,932
|
|
Evolution AB*
|
36,900
|
2,543
|
|
Fastighets AB Balder, Class B*
|
207,976
|
1,110
|
|
H&M Hennes & Mauritz AB, Class B
|
126,548
|
2,177
|
|
Hexagon AB, Class B
|
624,797
|
5,168
|
|
Industrivarden AB, Class A
|
32,358
|
1,814
|
|
Industrivarden AB, Class C
|
47,519
|
2,609
|
|
Indutrade AB
|
84,733
|
1,753
|
|
Investment AB Latour, Class B†
|
43,691
|
868
|
|
Investor AB, Class B
|
526,190
|
21,858
|
|
L E Lundbergforetagen AB, Class B
|
22,433
|
1,293
|
|
Lifco AB, Class B
|
63,443
|
2,079
|
|
Nibe Industrier AB, Class B
|
437,307
|
1,626
|
|
Saab AB, Class B
|
96,709
|
5,017
|
|
Sagax AB, Class B
|
66,254
|
1,054
|
|
Sandvik AB
|
311,979
|
12,878
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Sweden – 3.0%continued
|
||
|
Securitas AB, Class B
|
145,366
|
$2,387
|
|
Skandinaviska Enskilda Banken AB,
Class A
|
439,432
|
8,746
|
|
Skanska AB, Class B
|
100,421
|
2,688
|
|
SKF AB, Class B
|
103,084
|
2,647
|
|
Svenska Cellulosa AB S.C.A., Class B
|
173,363
|
1,773
|
|
Svenska Handelsbanken AB, Class A†
|
417,482
|
6,143
|
|
Swedbank AB, Class A
|
246,682
|
9,213
|
|
Swedish Orphan Biovitrum AB*
|
53,736
|
2,562
|
|
Tele2 AB, Class B
|
165,289
|
2,875
|
|
Telefonaktiebolaget LM Ericsson,
Class B
|
796,983
|
8,896
|
|
Telia Co. AB
|
706,307
|
3,439
|
|
Trelleborg AB, Class B
|
60,361
|
2,514
|
|
Volvo AB, Class B†
|
467,785
|
15,903
|
|
|
|
198,342
|
|
Switzerland – 6.1%
|
||
|
ABB Ltd. (Registered)
|
473,063
|
51,328
|
|
Avolta A.G.*
|
26,154
|
1,752
|
|
Banque Cantonale Vaudoise
(Registered)
|
9,107
|
1,334
|
|
Barry Callebaut A.G. (Registered)
|
1,069
|
1,482
|
|
Belimo Holding A.G. (Registered)
|
2,990
|
3,371
|
|
BKW A.G.
|
5,956
|
1,003
|
|
Chocoladefabriken Lindt & Spruengli
A.G. (Participation Certificate)
|
282
|
3,281
|
|
Chocoladefabriken Lindt & Spruengli
A.G. (Registered)
|
31
|
3,684
|
|
Cie Financiere Richemont S.A., Class A
(Registered)
|
162,191
|
37,636
|
|
DSM-Firmenich A.G.
|
50,669
|
4,807
|
|
EMS-Chemie Holding A.G. (Registered)
|
2,113
|
1,813
|
|
Galderma Group A.G.*
|
55,655
|
12,656
|
|
Geberit A.G. (Registered)
|
9,717
|
6,484
|
|
Givaudan S.A. (Registered)
|
2,783
|
11,793
|
|
Helvetia Baloise Holding A.G.
|
23,250
|
6,004
|
|
Julius Baer Group Ltd.
|
62,119
|
5,369
|
|
Kuehne + Nagel International A.G.
(Registered)
|
14,566
|
3,534
|
|
Logitech International S.A. (Registered)
|
43,791
|
4,107
|
|
Lonza Group A.G. (Registered)
|
21,194
|
14,303
|
|
Nestle S.A. (Registered)
|
777,708
|
79,866
|
|
Partners Group Holding A.G.
|
6,436
|
5,270
|
|
Sandoz Group A.G.
|
126,152
|
11,400
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
Switzerland – 6.1%continued
|
||
|
Schindler Holding A.G. (Participation
Certificate)
|
11,810
|
$3,915
|
|
Schindler Holding A.G. (Registered)
|
6,318
|
2,009
|
|
SGS S.A. (Registered)
|
49,974
|
5,792
|
|
Sika A.G. (Registered)
|
45,919
|
9,461
|
|
Sonova Holding A.G. (Registered)
|
14,782
|
3,511
|
|
Straumann Holding A.G. (Registered)
|
33,547
|
4,412
|
|
Swatch Group (The) A.G. (Bearer)
|
8,859
|
2,167
|
|
Swiss Life Holding A.G. (Registered)†
|
8,396
|
9,237
|
|
Swiss Prime Site A.G. (Registered)
|
24,328
|
3,970
|
|
Swisscom A.G. (Registered)
|
7,824
|
6,038
|
|
UBS Group A.G. (Registered)
|
958,265
|
47,471
|
|
VAT Group A.G.
|
8,146
|
7,127
|
|
Zurich Insurance Group A.G.
|
45,153
|
33,348
|
|
|
|
410,735
|
|
United Kingdom – 10.7%
|
||
|
3i Group PLC
|
293,697
|
9,693
|
|
Admiral Group PLC
|
77,873
|
3,679
|
|
Associated British Foods PLC
|
85,175
|
2,245
|
|
AstraZeneca PLC
|
456,502
|
85,402
|
|
Aviva PLC
|
914,411
|
7,890
|
|
BAE Systems PLC
|
884,937
|
21,649
|
|
Barclays PLC
|
4,130,334
|
27,737
|
|
British American Tobacco PLC
|
606,143
|
37,386
|
|
BT Group PLC
|
1,719,708
|
4,337
|
|
Bunzl PLC
|
97,819
|
3,413
|
|
Centrica PLC
|
1,392,756
|
3,156
|
|
CK Hutchison Holdings Ltd.
|
807,638
|
6,865
|
|
Coca-Cola Europacific Partners PLC
|
60,487
|
6,053
|
|
Compass Group PLC
|
513,184
|
16,581
|
|
Diageo PLC
|
671,509
|
13,497
|
|
GSK PLC
|
1,224,717
|
32,135
|
|
Halma PLC
|
111,642
|
5,833
|
|
HSBC Holdings PLC
|
5,187,100
|
98,531
|
|
Imperial Brands PLC
|
223,416
|
8,261
|
|
Informa PLC
|
384,082
|
4,609
|
|
International Consolidated Airlines
Group S.A. - CDI
|
349,712
|
2,219
|
|
Intertek Group PLC
|
46,117
|
3,553
|
|
J Sainsbury PLC
|
526,150
|
2,233
|
|
Kingfisher PLC
|
511,284
|
1,923
|
|
Land Securities Group PLC
|
224,590
|
1,941
|
|
Legal & General Group PLC
|
1,579,951
|
6,000
|
|
Lloyds Banking Group PLC
|
17,677,757
|
26,085
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
United Kingdom – 10.7%continued
|
||
|
London Stock Exchange Group PLC
|
134,566
|
$14,572
|
|
M&G PLC
|
675,766
|
3,015
|
|
Marks & Spencer Group PLC
|
623,070
|
3,076
|
|
Melrose Industries PLC
|
376,024
|
2,371
|
|
National Grid PLC
|
1,500,728
|
24,847
|
|
NatWest Group PLC
|
2,409,317
|
21,236
|
|
Next PLC
|
34,657
|
6,688
|
|
Pearson PLC
|
142,268
|
2,259
|
|
Reckitt Benckiser Group PLC
|
193,803
|
12,635
|
|
RELX PLC
|
539,079
|
16,980
|
|
Rentokil Initial PLC
|
762,628
|
4,318
|
|
Rolls-Royce Holdings PLC
|
2,536,010
|
48,692
|
|
Sage Group (The) PLC
|
281,271
|
3,046
|
|
Schroders PLC
|
243,105
|
1,895
|
|
Segro PLC
|
367,656
|
4,272
|
|
Severn Trent PLC
|
82,077
|
3,208
|
|
Smith & Nephew PLC
|
231,064
|
3,321
|
|
Smiths Group PLC
|
93,409
|
3,174
|
|
Spirax Group PLC
|
22,778
|
2,067
|
|
SSE PLC
|
365,895
|
11,825
|
|
Standard Chartered PLC
|
537,036
|
14,556
|
|
Standard Life PLC
|
212,127
|
2,345
|
|
Tesco PLC
|
1,927,675
|
11,770
|
|
Unilever PLC
|
659,469
|
39,583
|
|
United Utilities Group PLC
|
223,504
|
3,878
|
|
Verisure PLC* †
|
73,331
|
818
|
|
Vodafone Group PLC
|
5,573,524
|
7,364
|
|
Wise Group PLC, Class A*
|
216,756
|
2,601
|
|
|
|
719,318
|
|
United States – 7.1%
|
||
|
Aegon Ltd.
|
371,343
|
3,157
|
|
Alcon A.G.
|
150,679
|
10,189
|
|
AP Moller - Maersk A/S, Class A†
|
756
|
1,744
|
|
AP Moller - Maersk A/S, Class B†
|
991
|
2,351
|
|
BP PLC
|
4,739,927
|
29,171
|
|
Buzzi S.p.A.
|
23,220
|
1,189
|
|
Experian PLC
|
271,968
|
9,146
|
|
Ferrovial N.V.
|
144,603
|
9,920
|
|
Haleon PLC
|
2,688,439
|
12,405
|
|
Holcim A.G.*
|
153,978
|
13,941
|
|
InterContinental Hotels Group PLC
|
43,063
|
7,428
|
|
Novartis A.G. (Registered)
|
552,858
|
86,570
|
|
Octave Intelligence PLC SDR*
|
61,236
|
988
|
|
QIAGEN N.V.
|
62,394
|
2,418
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.8% (1)continued
|
||
|
United States – 7.1%continued
|
||
|
Roche Holding A.G.
|
211,664
|
$87,126
|
|
Roche Holding A.G. (Bearer)
|
9,261
|
3,889
|
|
Sanofi S.A.
|
329,280
|
28,138
|
|
Schneider Electric S.E.
|
165,497
|
54,297
|
|
Shell PLC
|
1,695,423
|
65,671
|
|
Spotify Technology S.A.*
|
44,286
|
20,333
|
|
Stellantis N.V.* †
|
611,901
|
3,482
|
|
Sunbelt Rentals Holdings, Inc.
|
123,861
|
9,040
|
|
Swiss Re A.G.†
|
90,174
|
14,347
|
|
Tenaris S.A.
|
97,041
|
2,685
|
|
|
|
479,625
|
|
Total Common Stocks
|
|
|
|
(Cost $3,020,969)
|
|
6,511,616
|
|
|
|
|
|
CONVERTIBLE PREFERRED STOCKS – 0.1% (1)
|
||
|
Germany – 0.1%
|
||
|
Dr. Ing hc F Porsche A.G., 2.33%(4)
|
33,533
|
1,668
|
|
Porsche Automobil Holding S.E.,
5.58%(4)
|
45,648
|
1,406
|
|
Sartorius A.G., 0.32%(4)
|
7,623
|
2,000
|
|
Volkswagen A.G., 7.51%(4)
|
62,008
|
4,968
|
|
|
|
10,042
|
|
Total Convertible Preferred Stocks
|
|
|
|
(Cost $13,503)
|
|
10,042
|
|
|
|
|
|
PREFERRED STOCKS – 0.1% (1)
|
||
|
Germany – 0.1%
|
||
|
Bayerische Motoren Werke A.G.,
7.72%(4)
|
15,738
|
1,033
|
|
Henkel A.G. & Co. KGaA, 2.82%(4)
|
44,354
|
3,728
|
|
|
|
4,761
|
|
Total Preferred Stocks
|
|
|
|
(Cost $3,038)
|
|
4,761
|
|
|
|
|
|
RIGHTS – 0.0%
|
|
|
|
Spain – 0.0%
|
|
|
|
ACS Actividades de Construccion y
Servicios S.A.*
|
53,287
|
112
|
|
Total Rights
|
|
|
|
(Cost $113)
|
|
112
|
|
|
|
|
|
INVESTMENT COMPANIES – 2.1%
|
||
|
iShares Core MSCI EAFE ETF
|
534,000
|
51,574
|
|
Schedule of Investments
|
|
INTERNATIONAL EQUITY INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 2.1%continued
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(5) (6) (7)
|
5,932,991
|
$5,933
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(5) (6)
|
82,899,389
|
82,899
|
|
Total Investment Companies
|
|
|
|
(Cost $135,259)
|
|
140,406
|
|
|
|
|
|
Total Investments – 99.1%
|
|
|
|
(Cost $3,172,882)
|
|
6,666,937
|
|
Other Assets less Liabilities – 0.9%
|
|
60,909
|
|
Net Assets – 100.0%
|
|
$6,727,846
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration to qualified institutional investors. At June 30, 2026,
the value of these securities amounted to approximately $12,574,000 or
0.2% of net assets.
|
|
(3)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(4)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
(5)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(6)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(7)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
ADR – American Depositary Receipt
|
|
|
|
CDI – CREST Depository Interest
|
|
|
|
EAFE – Europe, Australasia and the Far East
|
|
|
|
ETF – Exchange-Traded Fund
|
|
|
|
FTSE – Financial Times Stock Exchange
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
SDR – Swedish Depositary Receipt
|
|
|
|
SPI – Standardized Precipitation Index
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Citibank
|
British Pound
|
1,180
|
United States
Dollar
|
1,590
|
9/16/26
|
$25
|
|
Citibank
|
Euro
|
4,400
|
United States
Dollar
|
5,157
|
9/16/26
|
113
|
|
Citibank
|
Japanese Yen
|
500,000
|
United States
Dollar
|
3,168
|
9/16/26
|
73
|
|
JPMorgan Chase
|
Euro
|
5,200
|
United States
Dollar
|
6,084
|
9/16/26
|
123
|
|
JPMorgan Chase
|
Swiss Franc
|
7,150
|
United States
Dollar
|
9,215
|
9/16/26
|
288
|
|
Morgan Stanley
|
Australian
Dollar
|
1,692
|
United States
Dollar
|
1,204
|
9/16/26
|
35
|
|
Morgan Stanley
|
British Pound
|
3,100
|
United States
Dollar
|
4,166
|
9/16/26
|
54
|
|
Morgan Stanley
|
Swedish Krona
|
8,820
|
United States
Dollar
|
960
|
9/16/26
|
46
|
|
Toronto-Dominion
Bank
|
Japanese Yen
|
1,089,940
|
United States
Dollar
|
6,898
|
9/16/26
|
151
|
|
UBS
|
Swiss Franc
|
2,530
|
United States
Dollar
|
3,275
|
9/16/26
|
116
|
|
Subtotal Appreciation
|
|
|
|
|
1,024
|
|
|
Total
|
|
|
|
|
|
$1,024
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Euro Stoxx 50
(Euro)
|
64
|
$4,648
|
Long
|
9/26
|
$39
|
|
FTSE 100
Index (British
Pound)
|
19
|
2,657
|
Long
|
9/26
|
(13
)
|
|
Hang Seng
Index (Hong
Kong Dollar)
|
2
|
291
|
Long
|
7/26
|
(4
)
|
|
MSCI EAFE
Index
(United States
Dollar)
|
875
|
137,607
|
Long
|
9/26
|
(305
)
|
|
SPI 200 Index
(Australian
Dollar)
|
8
|
1,215
|
Long
|
9/26
|
(15
)
|
|
Topix Index
(Japanese
Yen)
|
12
|
2,954
|
Long
|
9/26
|
88
|
|
Total
|
|
|
|
|
$(210
)
|
|
|
June 30, 2026 (UNAUDITED)
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Financials
|
25.2
%
|
|
Industrials
|
18.3
|
|
Information Technology
|
11.8
|
|
Health Care
|
10.2
|
|
Consumer Discretionary
|
7.5
|
|
Consumer Staples
|
6.5
|
|
Materials
|
5.9
|
|
Utilities
|
4.1
|
|
Communication Services
|
3.6
|
|
Energy
|
3.3
|
|
Real Estate
|
1.4
|
|
Short-Term Investments
|
1.3
|
|
Total Investments
|
99.1
|
|
Other Assets less Liabilities
|
0.9
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Guatemala
|
$2,541
|
$—
|
$—
|
$2,541
|
|
Hong Kong
|
1,385
|
100,380
|
—
|
101,765
|
|
Ireland
|
7,085
|
21,890
|
—
|
28,975
|
|
Israel
|
15,010
|
59,755
|
—
|
74,765
|
|
Netherlands
|
16,831
|
382,311
|
—
|
399,142
|
|
Singapore
|
13,654
|
106,708
|
—
|
120,362
|
|
United Kingdom
|
6,053
|
713,265
|
—
|
719,318
|
|
United States
|
21,321
|
458,304
|
—
|
479,625
|
|
All Other Countries(1)
|
—
|
4,585,123
|
—
|
4,585,123
|
|
Total Common Stocks
|
83,880
|
6,427,736
|
—
|
6,511,616
|
|
Convertible Preferred
Stocks
|
—
|
10,042
|
—
|
10,042
|
|
Preferred Stocks
|
—
|
4,761
|
—
|
4,761
|
|
Rights
|
112
|
—
|
—
|
112
|
|
Investment Companies
|
140,406
|
—
|
—
|
140,406
|
|
Total Investments
|
$224,398
|
$6,442,539
|
$—
|
$6,666,937
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
$—
|
$1,024
|
$—
|
$1,024
|
|
Futures Contracts
|
127
|
—
|
—
|
127
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts
|
(337
)
|
—
|
—
|
(337
)
|
|
Total Other Financial
Instruments
|
$(210
)
|
$1,024
|
$—
|
$814
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$6,102
|
$35,766
|
$35,935
|
$5,933
|
5,932,991
|
$9
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
93,066
|
134,818
|
144,985
|
82,899
|
82,899,389
|
805
|
|
Total
|
$99,168
|
$170,584
|
$180,920
|
$88,832
|
88,832,380
|
$814
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
LARGE CAP CORE FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 99.4%
|
||
|
Aerospace & Defense – 2.6%
|
||
|
General Dynamics Corp.
|
7,578
|
$2,684
|
|
General Electric Co.
|
9,921
|
3,708
|
|
Lockheed Martin Corp.
|
5,679
|
2,893
|
|
|
|
9,285
|
|
Air Freight & Logistics – 1.1%
|
||
|
C.H. Robinson Worldwide, Inc.
|
10,167
|
1,915
|
|
Expeditors International of Washington,
Inc.
|
9,308
|
1,517
|
|
United Parcel Service, Inc., Class B
|
4,562
|
490
|
|
|
|
3,922
|
|
Automobile Components – 0.4%
|
||
|
BorgWarner, Inc.
|
19,867
|
1,319
|
|
Automobiles – 1.3%
|
||
|
General Motors Co.
|
4,415
|
340
|
|
Tesla, Inc.*
|
10,223
|
4,300
|
|
|
|
4,640
|
|
Banks – 3.6%
|
||
|
Bank of America Corp.
|
43,898
|
2,502
|
|
Citigroup, Inc.
|
21,001
|
2,939
|
|
JPMorgan Chase & Co.
|
18,669
|
6,111
|
|
U.S. Bancorp
|
21,953
|
1,326
|
|
|
|
12,878
|
|
Beverages – 0.6%
|
||
|
Brown-Forman Corp., Class B
|
3,679
|
98
|
|
Molson Coors Beverage Co., Class B
|
22,704
|
884
|
|
Monster Beverage Corp.*
|
9,640
|
927
|
|
PepsiCo, Inc.
|
2,982
|
404
|
|
|
|
2,313
|
|
Biotechnology – 1.3%
|
||
|
AbbVie, Inc.
|
4,973
|
1,252
|
|
Amgen, Inc.
|
9,260
|
3,353
|
|
|
|
4,605
|
|
Broadline Retail – 3.8%
|
||
|
Amazon.com, Inc.*
|
50,497
|
12,036
|
|
eBay, Inc.
|
14,079
|
1,573
|
|
|
|
13,609
|
|
Capital Markets – 3.2%
|
||
|
Affiliated Managers Group, Inc.
|
3,917
|
1,326
|
|
Bank of New York Mellon (The) Corp.
|
17,555
|
2,539
|
|
Franklin Resources, Inc.
|
28,117
|
935
|
|
Goldman Sachs Group (The), Inc.
|
3,764
|
3,807
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.4%continued
|
||
|
Capital Markets – 3.2%continued
|
||
|
Morgan Stanley
|
216
|
$45
|
|
State Street Corp.
|
16,299
|
2,764
|
|
|
|
11,416
|
|
Chemicals – 0.7%
|
||
|
CF Industries Holdings, Inc.
|
19,162
|
2,074
|
|
DuPont de Nemours, Inc.
|
3,575
|
485
|
|
|
|
2,559
|
|
Communications Equipment – 1.6%
|
||
|
Arista Networks, Inc.*
|
6,476
|
1,100
|
|
Cisco Systems, Inc.
|
40,573
|
4,766
|
|
|
|
5,866
|
|
Consumer Finance – 0.6%
|
||
|
Synchrony Financial
|
29,082
|
2,212
|
|
Consumer Staples Distribution & Retail – 1.1%
|
||
|
Costco Wholesale Corp.
|
554
|
518
|
|
Dollar General Corp.
|
3,705
|
426
|
|
Dollar Tree, Inc.*
|
10,891
|
1,317
|
|
Kroger (The) Co.
|
21,535
|
1,196
|
|
Walmart, Inc.
|
4,728
|
536
|
|
|
|
3,993
|
|
Containers & Packaging – 0.2%
|
||
|
Crown Holdings, Inc.
|
7,126
|
797
|
|
Diversified Consumer Services – 0.0%
|
||
|
H&R Block, Inc.
|
3,189
|
121
|
|
Diversified Telecommunication Services – 1.3%
|
||
|
AT&T, Inc.
|
76,874
|
1,591
|
|
Verizon Communications, Inc.
|
73,537
|
3,114
|
|
|
|
4,705
|
|
Electric Utilities – 1.6%
|
||
|
Constellation Energy Corp.
|
3,981
|
989
|
|
Edison International
|
119
|
9
|
|
Exelon Corp.
|
30,332
|
1,414
|
|
FirstEnergy Corp.
|
16,382
|
779
|
|
NRG Energy, Inc.
|
8,566
|
1,251
|
|
OGE Energy Corp.
|
1,677
|
82
|
|
PPL Corp.
|
39,017
|
1,418
|
|
|
|
5,942
|
|
Electrical Equipment – 0.6%
|
||
|
Emerson Electric Co.
|
2,809
|
402
|
|
GE Vernova, Inc.
|
1,644
|
1,932
|
|
|
|
2,334
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.4%continued
|
||
|
Electronic Equipment, Instruments & Components – 0.8%
|
||
|
Amphenol Corp., Class A
|
12,328
|
$2,174
|
|
Jabil, Inc.
|
1,578
|
608
|
|
|
|
2,782
|
|
Entertainment – 0.3%
|
||
|
Netflix, Inc.*
|
15,439
|
1,102
|
|
Financial Services – 3.1%
|
||
|
Berkshire Hathaway, Inc., Class B*
|
9,690
|
4,849
|
|
Fiserv, Inc.*
|
12,518
|
614
|
|
Mastercard, Inc., Class A
|
205
|
105
|
|
MGIC Investment Corp.
|
80,041
|
2,257
|
|
PayPal Holdings, Inc.
|
39,783
|
1,718
|
|
Visa, Inc., Class A
|
2,920
|
1,002
|
|
WEX, Inc.*
|
4,508
|
636
|
|
|
|
11,181
|
|
Food Products – 0.4%
|
||
|
Archer-Daniels-Midland Co.
|
18,065
|
1,380
|
|
Ground Transportation – 0.4%
|
||
|
Union Pacific Corp.
|
4,773
|
1,298
|
|
Health Care Equipment & Supplies – 0.3%
|
||
|
Align Technology, Inc.*
|
3,163
|
534
|
|
Becton Dickinson & Co.
|
1,020
|
154
|
|
ResMed, Inc.
|
2,910
|
567
|
|
|
|
1,255
|
|
Health Care Providers & Services – 2.4%
|
||
|
Cardinal Health, Inc.
|
2,018
|
479
|
|
Cencora, Inc.
|
1,225
|
347
|
|
Cigna Group (The)
|
4,615
|
1,272
|
|
HCA Healthcare, Inc.
|
6,158
|
2,401
|
|
McKesson Corp.
|
3,217
|
2,431
|
|
UnitedHealth Group, Inc.
|
4,613
|
1,917
|
|
|
|
8,847
|
|
Hotel & Resort Real Estate Investment Trusts – 0.7%
|
||
|
Host Hotels & Resorts, Inc.
|
99,442
|
2,358
|
|
Hotels, Restaurants & Leisure – 2.4%
|
||
|
Booking Holdings, Inc.
|
16,240
|
2,895
|
|
Carnival Corp. Ltd.
|
33,988
|
971
|
|
Expedia Group, Inc.
|
5,463
|
1,398
|
|
Las Vegas Sands Corp.
|
44,802
|
2,069
|
|
Travel + Leisure Co.
|
17,308
|
1,323
|
|
|
|
8,656
|
|
Household Products – 1.1%
|
||
|
Procter & Gamble (The) Co.
|
26,617
|
3,903
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.4%continued
|
||
|
Industrial Conglomerates – 0.6%
|
||
|
3M Co.
|
14,502
|
$2,348
|
|
Insurance – 1.5%
|
||
|
Aflac, Inc.
|
9,100
|
1,067
|
|
Assured Guaranty Ltd.
|
98
|
8
|
|
Globe Life, Inc.
|
10,306
|
1,841
|
|
Reinsurance Group of America, Inc.
|
10,673
|
2,270
|
|
RenaissanceRe Holdings Ltd.
|
912
|
289
|
|
|
|
5,475
|
|
Interactive Media & Services – 8.2%
|
||
|
Alphabet, Inc., Class A
|
65,193
|
23,298
|
|
Meta Platforms, Inc., Class A
|
11,160
|
6,286
|
|
|
|
29,584
|
|
IT Services – 0.6%
|
||
|
Accenture PLC, Class A
|
8,153
|
1,014
|
|
International Business Machines Corp.
|
4,060
|
1,142
|
|
|
|
2,156
|
|
Life Sciences Tools & Services – 0.4%
|
||
|
Medpace Holdings, Inc.*
|
2,666
|
1,412
|
|
Machinery – 2.5%
|
||
|
Allison Transmission Holdings, Inc.
|
6,303
|
711
|
|
Caterpillar, Inc.
|
5,124
|
5,457
|
|
Illinois Tool Works, Inc.
|
9,999
|
2,704
|
|
|
|
8,872
|
|
Media – 0.1%
|
||
|
Fox Corp., Class A
|
7,017
|
366
|
|
Metals & Mining – 0.6%
|
||
|
Newmont Corp.
|
25,161
|
2,350
|
|
Multi-Utilities – 0.5%
|
||
|
Consolidated Edison, Inc.
|
7,034
|
778
|
|
Public Service Enterprise Group, Inc.
|
10,567
|
858
|
|
|
|
1,636
|
|
Oil, Gas & Consumable Fuels – 3.0%
|
||
|
APA Corp.
|
62,670
|
2,041
|
|
Devon Energy Corp.
|
28,254
|
1,167
|
|
EOG Resources, Inc.
|
726
|
94
|
|
Exxon Mobil Corp.
|
8,219
|
1,124
|
|
HF Sinclair Corp.
|
18,292
|
1,274
|
|
Marathon Petroleum Corp.
|
5,858
|
1,498
|
|
Occidental Petroleum Corp.
|
15,094
|
733
|
|
Ovintiv, Inc.
|
3,907
|
206
|
|
Valero Energy Corp.
|
10,609
|
2,763
|
|
|
|
10,900
|
|
Schedule of Investments
|
|
LARGE CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.4%continued
|
||
|
Pharmaceuticals – 4.2%
|
||
|
Bristol-Myers Squibb Co.
|
53,939
|
$3,108
|
|
Eli Lilly & Co.
|
4,278
|
5,131
|
|
Johnson & Johnson
|
22,472
|
5,707
|
|
Merck & Co., Inc.
|
5,765
|
741
|
|
Pfizer, Inc.
|
18,245
|
439
|
|
|
|
15,126
|
|
Professional Services – 1.2%
|
||
|
Automatic Data Processing, Inc.
|
12,473
|
2,793
|
|
Broadridge Financial Solutions, Inc.
|
1,676
|
230
|
|
Leidos Holdings, Inc.
|
9,419
|
970
|
|
Paycom Software, Inc.
|
4,114
|
517
|
|
|
|
4,510
|
|
Real Estate Management & Development – 0.8%
|
||
|
CBRE Group, Inc., Class A*
|
8,498
|
1,145
|
|
Jones Lang LaSalle, Inc.*
|
5,083
|
1,575
|
|
|
|
2,720
|
|
Retail Real Estate Investment Trusts – 0.5%
|
||
|
Simon Property Group, Inc.
|
8,629
|
1,930
|
|
Semiconductors & Semiconductor Equipment – 18.9%
|
||
|
Advanced Micro Devices, Inc.*
|
7,339
|
4,263
|
|
Analog Devices, Inc.
|
3,889
|
1,545
|
|
Applied Materials, Inc.
|
2,689
|
1,944
|
|
Broadcom, Inc.
|
31,478
|
11,891
|
|
Intel Corp.*
|
13,638
|
1,904
|
|
KLA Corp.
|
16,790
|
5,066
|
|
Lam Research Corp.
|
5,976
|
2,590
|
|
Micron Technology, Inc.
|
7,021
|
8,104
|
|
NVIDIA Corp.
|
147,289
|
29,471
|
|
QUALCOMM, Inc.
|
8,622
|
1,593
|
|
|
|
68,371
|
|
Software – 6.6%
|
||
|
Adobe, Inc.*
|
10,362
|
2,124
|
|
AppLovin Corp., Class A*
|
2,510
|
1,293
|
|
Autodesk, Inc.*
|
1,573
|
306
|
|
Fortinet, Inc.*
|
3,710
|
570
|
|
Gen Digital, Inc.
|
9,100
|
226
|
|
Intuit, Inc.
|
3,644
|
951
|
|
Microsoft Corp.
|
41,669
|
15,543
|
|
Oracle Corp.
|
3,443
|
505
|
|
Palantir Technologies, Inc., Class A*
|
10,429
|
1,217
|
|
PTC, Inc.*
|
2,230
|
253
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.4%continued
|
||
|
Software – 6.6%continued
|
||
|
Salesforce, Inc.
|
4,063
|
$637
|
|
Zoom Communications, Inc.*
|
3,440
|
297
|
|
|
|
23,922
|
|
Specialty Retail – 0.8%
|
||
|
Bath & Body Works, Inc.
|
39,728
|
919
|
|
Gap (The), Inc.
|
9,510
|
178
|
|
Home Depot (The), Inc.
|
3,137
|
1,106
|
|
Ross Stores, Inc.
|
977
|
208
|
|
Ulta Beauty, Inc.*
|
702
|
316
|
|
|
|
2,727
|
|
Technology Hardware, Storage & Peripherals – 8.8%
|
||
|
Apple, Inc.
|
89,939
|
26,025
|
|
Dell Technologies, Inc., Class C
|
1,715
|
740
|
|
Sandisk Corp.*
|
787
|
1,789
|
|
Western Digital Corp.
|
4,845
|
3,095
|
|
|
|
31,649
|
|
Textiles, Apparel & Luxury Goods – 0.7%
|
||
|
Deckers Outdoor Corp.*
|
8,120
|
806
|
|
Tapestry, Inc.
|
12,418
|
1,818
|
|
|
|
2,624
|
|
Tobacco – 1.4%
|
||
|
Altria Group, Inc.
|
42,685
|
3,071
|
|
Philip Morris International, Inc.
|
10,883
|
1,969
|
|
|
|
5,040
|
|
Total Common Stocks
|
|
|
|
(Cost $186,287)
|
|
358,996
|
|
|
|
|
|
INVESTMENT COMPANIES – 0.6%
|
||
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(1) (2)
|
2,002,866
|
2,003
|
|
Total Investment Companies
|
|
|
|
(Cost $2,003)
|
|
2,003
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.0%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.59%, 10/15/26(3) (4)
|
$131
|
$130
|
|
Total Short-Term Investments
|
|
|
|
(Cost $130)
|
130
|
|
|
|
|
|
|
Total Investments – 100.0%
|
|
|
|
(Cost $188,420)
|
361,129
|
|
|
Other Assets less Liabilities – 0.0%
|
49
|
|
|
NET ASSETS – 100.0%
|
$361,178
|
|
|
(1)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(2)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(3)
|
Discount rate at the time of purchase.
|
|
(4)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
500
|
5
|
$1,887
|
Long
|
9/26
|
$16
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$358,996
|
$—
|
$—
|
$358,996
|
|
Investment Companies
|
2,003
|
—
|
—
|
2,003
|
|
Short-Term Investments
|
—
|
130
|
—
|
130
|
|
Total Investments
|
$360,999
|
$130
|
$—
|
$361,129
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$16
|
$—
|
$—
|
$16
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$1,120
|
$8
|
$1,128
|
$—
|
—
|
$—
(1),*
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
2,418
|
4,110
|
4,525
|
2,003
|
2,002,866
|
22
|
|
Total
|
$3,538
|
$4,118
|
$5,653
|
$2,003
|
2,002,866
|
$22
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
LARGE CAP VALUE FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 99.2%
|
||
|
Aerospace & Defense – 0.9%
|
||
|
General Dynamics Corp.
|
1,304
|
$462
|
|
RTX Corp.
|
1,063
|
202
|
|
|
|
664
|
|
Air Freight & Logistics – 0.6%
|
||
|
United Parcel Service, Inc., Class B
|
3,949
|
425
|
|
Automobile Components – 0.4%
|
||
|
BorgWarner, Inc.
|
3,909
|
260
|
|
Gentex Corp.
|
2,299
|
58
|
|
|
|
318
|
|
Automobiles – 0.1%
|
||
|
Ford Motor Co.
|
2,778
|
39
|
|
General Motors Co.
|
897
|
69
|
|
|
|
108
|
|
Banks – 7.1%
|
||
|
Bank of America Corp.
|
19,892
|
1,133
|
|
Citigroup, Inc.
|
4,336
|
607
|
|
First Hawaiian, Inc.
|
5,215
|
153
|
|
JPMorgan Chase & Co.
|
7,657
|
2,506
|
|
PNC Financial Services Group (The),
Inc.
|
513
|
126
|
|
Truist Financial Corp.
|
1,924
|
96
|
|
U.S. Bancorp
|
2,180
|
132
|
|
Wells Fargo & Co.
|
5,372
|
444
|
|
|
|
5,197
|
|
Beverages – 0.8%
|
||
|
Brown-Forman Corp., Class B
|
5,903
|
157
|
|
Constellation Brands, Inc., Class A
|
580
|
81
|
|
Molson Coors Beverage Co., Class B
|
9,460
|
369
|
|
|
|
607
|
|
Biotechnology – 3.1%
|
||
|
Gilead Sciences, Inc.
|
8,289
|
1,047
|
|
Halozyme Therapeutics, Inc.*
|
670
|
52
|
|
Neurocrine Biosciences, Inc.*
|
2,076
|
350
|
|
Regeneron Pharmaceuticals, Inc.
|
142
|
89
|
|
United Therapeutics Corp.*
|
752
|
407
|
|
Vertex Pharmaceuticals, Inc.*
|
588
|
292
|
|
|
|
2,237
|
|
Broadline Retail – 6.0%
|
||
|
Amazon.com, Inc.*
|
16,604
|
3,957
|
|
eBay, Inc.
|
3,990
|
446
|
|
|
|
4,403
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Building Products – 1.2%
|
||
|
A.O. Smith Corp.
|
5,610
|
$352
|
|
Carlisle Cos., Inc.
|
335
|
122
|
|
Johnson Controls International PLC
|
2,919
|
426
|
|
|
|
900
|
|
Capital Markets – 5.8%
|
||
|
Bank of New York Mellon (The) Corp.
|
3,278
|
474
|
|
Charles Schwab (The) Corp.
|
2,637
|
243
|
|
Franklin Resources, Inc.
|
2,165
|
72
|
|
Goldman Sachs Group (The), Inc.
|
1,300
|
1,315
|
|
Invesco Ltd.
|
966
|
26
|
|
Morgan Stanley
|
3,815
|
797
|
|
Raymond James Financial, Inc.
|
2,799
|
426
|
|
State Street Corp.
|
2,726
|
462
|
|
T. Rowe Price Group, Inc.
|
3,608
|
410
|
|
|
|
4,225
|
|
Chemicals – 1.7%
|
||
|
CF Industries Holdings, Inc.
|
3,015
|
327
|
|
DuPont de Nemours, Inc.
|
2,656
|
360
|
|
Eastman Chemical Co.
|
4,938
|
331
|
|
Mosaic (The) Co.
|
2,883
|
61
|
|
NewMarket Corp.
|
253
|
200
|
|
|
|
1,279
|
|
Commercial Services & Supplies – 0.6%
|
||
|
Copart, Inc.*
|
14,739
|
415
|
|
Communications Equipment – 2.7%
|
||
|
Arista Networks, Inc.*
|
525
|
89
|
|
Cisco Systems, Inc.
|
12,687
|
1,490
|
|
F5, Inc.*
|
1,001
|
417
|
|
|
|
1,996
|
|
Construction & Engineering – 0.3%
|
||
|
Valmont Industries, Inc.
|
356
|
206
|
|
Consumer Finance – 0.9%
|
||
|
Ally Financial, Inc.
|
223
|
10
|
|
OneMain Holdings, Inc.
|
699
|
43
|
|
SLM Corp.
|
8,926
|
231
|
|
Synchrony Financial
|
4,982
|
379
|
|
|
|
663
|
|
Consumer Staples Distribution & Retail – 2.7%
|
||
|
Dollar General Corp.
|
1,831
|
211
|
|
Dollar Tree, Inc.*
|
1,946
|
235
|
|
Kroger (The) Co.
|
2,135
|
119
|
|
Target Corp.
|
4,625
|
604
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Consumer Staples Distribution & Retail – 2.7%continued
|
||
|
U.S. Foods Holding Corp.*
|
2,222
|
$227
|
|
Walmart, Inc.
|
5,005
|
567
|
|
|
|
1,963
|
|
Diversified Telecommunication Services – 0.2%
|
||
|
Comcast Corp., Class A
|
4,576
|
113
|
|
Verizon Communications, Inc.
|
287
|
12
|
|
|
|
125
|
|
Electric Utilities – 2.8%
|
||
|
Duke Energy Corp.
|
2,916
|
369
|
|
Edison International
|
5,595
|
417
|
|
Evergy, Inc.
|
2,559
|
221
|
|
Exelon Corp.
|
8,875
|
414
|
|
OGE Energy Corp.
|
7,808
|
380
|
|
PPL Corp.
|
5,873
|
213
|
|
|
|
2,014
|
|
Electrical Equipment – 0.3%
|
||
|
Hubbell, Inc.
|
436
|
228
|
|
Electronic Equipment, Instruments & Components – 0.3%
|
||
|
Flex Ltd.*
|
1,335
|
216
|
|
Entertainment – 0.4%
|
||
|
Electronic Arts, Inc.
|
734
|
151
|
|
Roku, Inc.*
|
930
|
128
|
|
|
|
279
|
|
Financial Services – 2.5%
|
||
|
Berkshire Hathaway, Inc., Class B*
|
3,252
|
1,627
|
|
Euronet Worldwide, Inc.*
|
571
|
42
|
|
MGIC Investment Corp.
|
5,816
|
164
|
|
PayPal Holdings, Inc.
|
187
|
8
|
|
|
|
1,841
|
|
Food Products – 1.2%
|
||
|
Archer-Daniels-Midland Co.
|
3,166
|
242
|
|
Conagra Brands, Inc.
|
2,558
|
35
|
|
Ingredion, Inc.
|
264
|
25
|
|
J.M. Smucker (The) Co.
|
1,690
|
190
|
|
Kraft Heinz (The) Co.
|
16,776
|
396
|
|
|
|
888
|
|
Gas Utilities – 0.7%
|
||
|
MDU Resources Group, Inc.
|
8,893
|
189
|
|
UGI Corp.
|
8,626
|
298
|
|
|
|
487
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Ground Transportation – 0.8%
|
||
|
JB Hunt Transport Services, Inc.
|
1,416
|
$410
|
|
Landstar System, Inc.
|
688
|
142
|
|
|
|
552
|
|
Health Care Equipment & Supplies – 0.8%
|
||
|
Align Technology, Inc.*
|
1,968
|
332
|
|
Edwards Lifesciences Corp.*
|
2,585
|
234
|
|
|
|
566
|
|
Health Care Providers & Services – 1.8%
|
||
|
Cigna Group (The)
|
835
|
230
|
|
Elevance Health, Inc.
|
1,356
|
525
|
|
UnitedHealth Group, Inc.
|
1,362
|
566
|
|
|
|
1,321
|
|
Hotel & Resort Real Estate Investment Trusts – 0.5%
|
||
|
Host Hotels & Resorts, Inc.
|
15,976
|
379
|
|
Hotels, Restaurants & Leisure – 0.2%
|
||
|
Boyd Gaming Corp.
|
1,869
|
165
|
|
Household Durables – 0.8%
|
||
|
Garmin Ltd.
|
722
|
172
|
|
Mohawk Industries, Inc.*
|
304
|
37
|
|
NVR, Inc.*
|
48
|
327
|
|
PulteGroup, Inc.
|
525
|
72
|
|
|
|
608
|
|
Household Products – 1.2%
|
||
|
Procter & Gamble (The) Co.
|
5,995
|
879
|
|
Independent Power & Renewable Electricity Producers – 0.5%
|
||
|
AES (The) Corp.
|
23,696
|
347
|
|
Insurance – 4.1%
|
||
|
Aflac, Inc.
|
2,442
|
286
|
|
Allstate (The) Corp.
|
221
|
53
|
|
American International Group, Inc.
|
2,023
|
151
|
|
Assured Guaranty Ltd.
|
3,285
|
263
|
|
Brighthouse Financial, Inc.*
|
2,995
|
190
|
|
Loews Corp.
|
1,940
|
220
|
|
MetLife, Inc.
|
3,504
|
296
|
|
Prudential Financial, Inc.
|
4,039
|
436
|
|
Reinsurance Group of America, Inc.
|
1,826
|
388
|
|
Travelers (The) Cos., Inc.
|
2,160
|
713
|
|
|
|
2,996
|
|
Interactive Media & Services – 2.5%
|
||
|
Alphabet, Inc., Class A
|
4,112
|
1,469
|
|
Meta Platforms, Inc., Class A
|
685
|
386
|
|
|
|
1,855
|
|
Schedule of Investments
|
|
LARGE CAP VALUE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
IT Services – 1.0%
|
||
|
Accenture PLC, Class A
|
668
|
$83
|
|
EPAM Systems, Inc.*
|
819
|
65
|
|
International Business Machines Corp.
|
2,211
|
622
|
|
|
|
770
|
|
Machinery – 3.0%
|
||
|
Allison Transmission Holdings, Inc.
|
1,720
|
194
|
|
Cummins, Inc.
|
49
|
35
|
|
Donaldson Co., Inc.
|
3,836
|
344
|
|
Dover Corp.
|
936
|
210
|
|
Graco, Inc.
|
750
|
57
|
|
Mueller Industries, Inc.
|
3,148
|
387
|
|
Nordson Corp.
|
709
|
214
|
|
Snap-on, Inc.
|
922
|
371
|
|
Toro (The) Co.
|
3,682
|
358
|
|
|
|
2,170
|
|
Media – 1.0%
|
||
|
Charter Communications, Inc., Class A*
|
155
|
22
|
|
Fox Corp., Class A
|
2,399
|
125
|
|
New York Times (The) Co., Class A
|
2,326
|
163
|
|
Nexstar Media Group, Inc.
|
1,123
|
201
|
|
Trade Desk (The), Inc., Class A*
|
11,478
|
207
|
|
Versant Media Group, Inc.(1)
|
1
|
—
|
|
|
|
718
|
|
Metals & Mining – 1.5%
|
||
|
Alcoa Corp.
|
2,903
|
151
|
|
Newmont Corp.
|
9,871
|
922
|
|
Reliance, Inc.
|
158
|
59
|
|
|
|
1,132
|
|
Multi-Utilities – 1.5%
|
||
|
Consolidated Edison, Inc.
|
3,990
|
441
|
|
Dominion Energy, Inc.
|
3,096
|
211
|
|
Public Service Enterprise Group, Inc.
|
5,429
|
441
|
|
|
|
1,093
|
|
Office Real Estate Investment Trusts – 0.2%
|
||
|
Kilroy Realty Corp.
|
4,677
|
175
|
|
Oil, Gas & Consumable Fuels – 4.3%
|
||
|
APA Corp.
|
9,483
|
309
|
|
Chevron Corp.
|
1,623
|
269
|
|
Devon Energy Corp.
|
3,814
|
158
|
|
EOG Resources, Inc.
|
2,728
|
354
|
|
Exxon Mobil Corp.
|
7,985
|
1,092
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Oil, Gas & Consumable Fuels – 4.3%continued
|
||
|
Occidental Petroleum Corp.
|
8,886
|
$431
|
|
Valero Energy Corp.
|
1,901
|
495
|
|
|
|
3,108
|
|
Passenger Airlines – 0.0%
|
||
|
United Airlines Holdings, Inc.*
|
82
|
11
|
|
Personal Care Products – 0.0%
|
||
|
Estee Lauder (The) Cos., Inc., Class A
|
196
|
15
|
|
Pharmaceuticals – 5.4%
|
||
|
Bristol-Myers Squibb Co.
|
10,524
|
606
|
|
Jazz Pharmaceuticals PLC*
|
555
|
134
|
|
Johnson & Johnson
|
5,099
|
1,295
|
|
Merck & Co., Inc.
|
7,167
|
921
|
|
Pfizer, Inc.
|
41,449
|
998
|
|
|
|
3,954
|
|
Professional Services – 1.3%
|
||
|
Booz Allen Hamilton Holding Corp.
|
6,052
|
367
|
|
ExlService Holdings, Inc.*
|
9,451
|
244
|
|
Leidos Holdings, Inc.
|
738
|
76
|
|
Paycom Software, Inc.
|
1,628
|
205
|
|
Science Applications International
Corp.
|
58
|
6
|
|
SS&C Technologies Holdings, Inc.
|
1,365
|
85
|
|
|
|
983
|
|
Real Estate Management & Development – 0.5%
|
||
|
Jones Lang LaSalle, Inc.*
|
1,136
|
352
|
|
Residential Real Estate Investment Trusts – 1.6%
|
||
|
AvalonBay Communities, Inc.
|
2,026
|
382
|
|
Camden Property Trust
|
3,316
|
380
|
|
Equity Residential
|
5,881
|
399
|
|
|
|
1,161
|
|
Retail Real Estate Investment Trusts – 0.6%
|
||
|
Brixmor Property Group, Inc.
|
6,317
|
199
|
|
Regency Centers Corp.
|
2,608
|
208
|
|
|
|
407
|
|
Semiconductors & Semiconductor Equipment – 5.3%
|
||
|
Applied Materials, Inc.
|
1,113
|
805
|
|
Cirrus Logic, Inc.*
|
649
|
96
|
|
Intel Corp.*
|
6,177
|
862
|
|
Micron Technology, Inc.
|
1,270
|
1,466
|
|
QUALCOMM, Inc.
|
3,366
|
622
|
|
Texas Instruments, Inc.
|
43
|
13
|
|
|
|
3,864
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Software – 5.0%
|
||
|
Adobe, Inc.*
|
446
|
$92
|
|
Docusign, Inc.*
|
3,454
|
154
|
|
Intuit, Inc.
|
105
|
27
|
|
Microsoft Corp.
|
8,102
|
3,022
|
|
Zoom Communications, Inc.*
|
3,767
|
325
|
|
|
|
3,620
|
|
Specialized Real Estate Investment Trusts – 1.6%
|
||
|
EPR Properties
|
6,314
|
366
|
|
Gaming and Leisure Properties, Inc.
|
8,475
|
378
|
|
VICI Properties, Inc.
|
15,592
|
414
|
|
|
|
1,158
|
|
Specialty Retail – 0.9%
|
||
|
Best Buy Co., Inc.
|
2,607
|
198
|
|
Ross Stores, Inc.
|
361
|
77
|
|
Ulta Beauty, Inc.*
|
861
|
388
|
|
|
|
663
|
|
Technology Hardware, Storage & Peripherals – 5.6%
|
||
|
Apple, Inc.
|
11,567
|
3,347
|
|
Western Digital Corp.
|
1,112
|
710
|
|
|
|
4,057
|
|
Textiles, Apparel & Luxury Goods – 0.8%
|
||
|
Deckers Outdoor Corp.*
|
2,774
|
276
|
|
Lululemon Athletica, Inc.*
|
1,799
|
205
|
|
Ralph Lauren Corp.
|
265
|
106
|
|
|
|
587
|
|
Trading Companies & Distributors – 1.3%
|
||
|
Ferguson Enterprises, Inc.
|
1,894
|
450
|
|
MSC Industrial Direct Co., Inc., Class A
|
602
|
71
|
|
Watsco, Inc.
|
957
|
399
|
|
|
|
920
|
|
Wireless Telecommunication Services – 0.3%
|
||
|
Millicom International Cellular S.A.
|
2,155
|
196
|
|
Total Common Stocks
|
|
|
|
(Cost $56,024)
|
|
72,466
|
|
|
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 1.1%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
334,275
|
$334
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
445,594
|
446
|
|
Total Investment Companies
|
|
|
|
(Cost $780)
|
|
780
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.0%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.59%, 10/15/26(5) (6)
|
$31
|
$31
|
|
Total Short-Term Investments
|
|
|
|
(Cost $31)
|
31
|
|
|
|
|
|
|
Total Investments – 100.3%
|
|
|
|
(Cost $56,835)
|
73,277
|
|
|
Liabilities less Other Assets – (0.3%)
|
(237
)
|
|
|
NET ASSETS – 100.0%
|
$73,040
|
|
|
(1)
|
Value rounds to less than one thousand.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Micro E-Mini
S&P 500
Index
|
10
|
$377
|
Long
|
9/26
|
$2
|
|
Schedule of Investments
|
|
LARGE CAP VALUE FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$72,466
|
$—
|
$—
|
$72,466
|
|
Investment Companies
|
780
|
—
|
—
|
780
|
|
Short-Term Investments
|
—
|
31
|
—
|
31
|
|
Total Investments
|
$73,246
|
$31
|
$—
|
$73,277
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$2
|
$—
|
$—
|
$2
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$1,222
|
$1,882
|
$2,770
|
$334
|
334,275
|
$—
(1),*
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
429
|
1,855
|
1,838
|
446
|
445,594
|
4
|
|
Total
|
$1,651
|
$3,737
|
$4,608
|
$780
|
779,869
|
$4
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
MID CAP INDEX FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 99.2%
|
||
|
Aerospace & Defense – 4.6%
|
||
|
AeroVironment, Inc.* †
|
20,963
|
$3,460
|
|
ATI, Inc.*
|
88,707
|
17,484
|
|
BWX Technologies, Inc.
|
59,555
|
11,592
|
|
Carpenter Technology Corp.
|
32,296
|
19,922
|
|
Curtiss-Wright Corp.
|
24,016
|
18,198
|
|
Hexcel Corp.†
|
49,043
|
4,907
|
|
Kratos Defense & Security Solutions,
Inc.* †
|
121,898
|
6,078
|
|
Moog, Inc., Class A
|
18,488
|
7,836
|
|
StandardAero, Inc.* †
|
123,226
|
3,686
|
|
Woodward, Inc.
|
38,731
|
16,478
|
|
|
|
109,641
|
|
Air Freight & Logistics – 0.2%
|
||
|
GXO Logistics, Inc.*
|
74,789
|
3,792
|
|
Automobile Components – 1.0%
|
||
|
Autoliv, Inc.
|
44,787
|
5,203
|
|
BorgWarner, Inc.
|
133,348
|
8,854
|
|
Gentex Corp.
|
138,508
|
3,500
|
|
Goodyear Tire & Rubber (The) Co.*
|
187,059
|
1,235
|
|
Lear Corp.
|
32,584
|
4,368
|
|
Visteon Corp.
|
17,369
|
1,723
|
|
|
|
24,883
|
|
Automobiles – 0.2%
|
||
|
Harley-Davidson, Inc.
|
67,790
|
1,658
|
|
Thor Industries, Inc.†
|
34,220
|
2,572
|
|
|
|
4,230
|
|
Banks – 5.9%
|
||
|
Associated Banc-Corp
|
106,456
|
3,276
|
|
Bank OZK
|
66,745
|
3,477
|
|
Columbia Banking System, Inc.
|
188,199
|
6,032
|
|
Commerce Bancshares, Inc.
|
88,084
|
5,087
|
|
Cullen/Frost Bankers, Inc.
|
40,812
|
6,306
|
|
East West Bancorp, Inc.
|
89,029
|
11,493
|
|
First Financial Bankshares, Inc.
|
84,816
|
2,934
|
|
First Horizon Corp.
|
308,456
|
7,909
|
|
Flagstar Bank N.A.
|
195,074
|
2,914
|
|
FNB Corp.
|
231,455
|
4,416
|
|
Glacier Bancorp, Inc.
|
83,751
|
4,320
|
|
Hancock Whitney Corp.
|
52,784
|
3,944
|
|
Home BancShares, Inc.
|
121,834
|
3,478
|
|
International Bancshares Corp.
|
35,183
|
2,672
|
|
Old National Bancorp
|
223,473
|
5,788
|
|
Pinnacle Financial Partners, Inc.
|
97,757
|
9,862
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Banks – 5.9%continued
|
||
|
Prosperity Bancshares, Inc.
|
65,550
|
$4,787
|
|
SouthState Bank Corp
|
63,472
|
6,341
|
|
Texas Capital Bancshares, Inc.
|
28,396
|
2,932
|
|
UMB Financial Corp.†
|
46,405
|
6,625
|
|
United Bankshares, Inc.
|
89,349
|
4,095
|
|
Valley National Bancorp†
|
309,775
|
4,538
|
|
Webster Financial Corp.
|
105,310
|
8,048
|
|
Western Alliance Bancorp
|
66,556
|
5,471
|
|
Wintrust Financial Corp.
|
43,815
|
7,042
|
|
Zions Bancorp N.A.
|
95,615
|
6,615
|
|
|
|
140,402
|
|
Beverages – 0.5%
|
||
|
Boston Beer (The) Co., Inc., Class A*
|
4,863
|
861
|
|
Celsius Holdings, Inc.*
|
103,023
|
3,017
|
|
Coca-Cola Consolidated, Inc.
|
36,735
|
7,013
|
|
|
|
10,891
|
|
Biotechnology – 3.1%
|
||
|
Arrowhead Pharmaceuticals, Inc.*
|
91,559
|
7,463
|
|
BioMarin Pharmaceutical, Inc.*
|
125,643
|
7,189
|
|
Cytokinetics, Inc.*
|
88,257
|
7,519
|
|
Exelixis, Inc.*
|
163,383
|
8,890
|
|
Halozyme Therapeutics, Inc.*
|
77,107
|
6,035
|
|
Neurocrine Biosciences, Inc.* †
|
65,358
|
11,015
|
|
Roivant Sciences Ltd.*
|
293,085
|
10,372
|
|
United Therapeutics Corp.*
|
27,591
|
14,950
|
|
|
|
73,433
|
|
Broadline Retail – 0.3%
|
||
|
Macy's, Inc.
|
171,458
|
4,038
|
|
Ollie's Bargain Outlet Holdings, Inc.* †
|
39,442
|
3,032
|
|
|
|
7,070
|
|
Building Products – 2.1%
|
||
|
AAON, Inc.
|
44,193
|
5,606
|
|
Advanced Drainage Systems, Inc.
|
46,586
|
7,312
|
|
Carlisle Cos., Inc.
|
26,244
|
9,520
|
|
Fortune Brands Innovations, Inc.
|
77,586
|
4,260
|
|
Louisiana-Pacific Corp.
|
41,352
|
3,253
|
|
Owens Corning
|
52,355
|
8,322
|
|
Simpson Manufacturing Co., Inc.†
|
26,741
|
5,598
|
|
Trex Co., Inc.*
|
67,551
|
3,380
|
|
UFP Industries, Inc.
|
36,737
|
3,334
|
|
|
|
50,585
|
|
Schedule of Investments
|
|
MID CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Capital Markets – 2.3%
|
||
|
Affiliated Managers Group, Inc.
|
17,163
|
$5,808
|
|
Carlyle Group (The), Inc.
|
168,477
|
7,095
|
|
Evercore, Inc., Class A
|
25,143
|
8,585
|
|
Federated Hermes, Inc.
|
47,098
|
2,601
|
|
Hamilton Lane, Inc., Class A
|
26,576
|
2,095
|
|
Houlihan Lokey, Inc.
|
35,244
|
4,727
|
|
Janus Henderson Group PLC
|
80,105
|
4,161
|
|
Jefferies Financial Group, Inc.
|
106,316
|
5,314
|
|
Morningstar, Inc.
|
14,339
|
2,237
|
|
SEI Investments Co.
|
59,404
|
5,210
|
|
Stifel Financial Corp.
|
99,706
|
6,956
|
|
|
|
54,789
|
|
Chemicals – 1.6%
|
||
|
Ashland, Inc.
|
29,363
|
1,935
|
|
Avient Corp.
|
59,758
|
2,209
|
|
Axalta Coating Systems Ltd.*
|
139,172
|
4,762
|
|
Cabot Corp.
|
33,606
|
3,052
|
|
NewMarket Corp.
|
4,964
|
3,928
|
|
Olin Corp.
|
74,170
|
1,470
|
|
RPM International, Inc.
|
82,988
|
9,224
|
|
Scotts Miracle-Gro (The) Co.
|
28,828
|
1,963
|
|
Solstice Advanced Materials, Inc.
|
103,245
|
9,148
|
|
Westlake Corp.†
|
21,675
|
1,582
|
|
|
|
39,273
|
|
Commercial Services & Supplies – 1.5%
|
||
|
Brink's (The) Co.
|
26,782
|
2,531
|
|
Clean Harbors, Inc.* †
|
32,286
|
9,645
|
|
MSA Safety, Inc.
|
23,586
|
4,118
|
|
RB Global, Inc.
|
121,083
|
14,100
|
|
Tetra Tech, Inc.
|
168,682
|
4,873
|
|
|
|
35,267
|
|
Communications Equipment – 0.3%
|
||
|
Viavi Solutions, Inc.*
|
152,036
|
7,260
|
|
Construction & Engineering – 3.2%
|
||
|
AECOM
|
83,555
|
5,832
|
|
API Group Corp.*
|
250,624
|
10,614
|
|
Dycom Industries, Inc.* †
|
19,513
|
9,866
|
|
Fluor Corp.*
|
90,791
|
4,756
|
|
IES Holdings, Inc.*
|
5,706
|
4,192
|
|
MasTec, Inc.*
|
40,051
|
16,664
|
|
Sterling Infrastructure, Inc.*
|
19,946
|
16,742
|
|
Valmont Industries, Inc.
|
12,620
|
7,289
|
|
|
|
75,955
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Construction Materials – 0.3%
|
||
|
Eagle Materials, Inc.
|
20,434
|
$4,598
|
|
Knife River Corp.*
|
36,896
|
3,086
|
|
|
|
7,684
|
|
Consumer Finance – 0.7%
|
||
|
Ally Financial, Inc.
|
181,338
|
8,332
|
|
FirstCash Holdings, Inc.
|
25,073
|
5,424
|
|
SLM Corp.†
|
122,627
|
3,181
|
|
|
|
16,937
|
|
Consumer Staples Distribution & Retail – 2.0%
|
||
|
Albertsons Cos., Inc., Class A
|
231,563
|
3,133
|
|
BJ's Wholesale Club Holdings, Inc.*
|
83,003
|
7,240
|
|
Maplebear, Inc.* †
|
106,944
|
5,064
|
|
Performance Food Group Co.*
|
102,108
|
11,415
|
|
Sprouts Farmers Market, Inc.*
|
61,130
|
5,170
|
|
U.S. Foods Holding Corp.* †
|
143,144
|
14,636
|
|
|
|
46,658
|
|
Containers & Packaging – 0.9%
|
||
|
AptarGroup, Inc.
|
41,493
|
5,195
|
|
Crown Holdings, Inc.†
|
71,829
|
8,032
|
|
Graphic Packaging Holding Co.†
|
192,529
|
2,035
|
|
Greif, Inc., Class A
|
16,049
|
1,195
|
|
Silgan Holdings, Inc.†
|
57,104
|
2,649
|
|
Sonoco Products Co.†
|
64,313
|
3,624
|
|
|
|
22,730
|
|
Diversified Consumer Services – 0.7%
|
||
|
Duolingo, Inc.*
|
26,156
|
3,009
|
|
Graham Holdings Co., Class B
|
2,173
|
2,480
|
|
Grand Canyon Education, Inc.* †
|
17,046
|
2,440
|
|
H&R Block, Inc.†
|
82,410
|
3,138
|
|
Service Corp. International†
|
89,671
|
6,811
|
|
|
|
17,878
|
|
Diversified Real Estate Investment Trusts – 0.4%
|
||
|
Rayonier, Inc. - (Fractional Shares)(1)
|
50,000
|
—
|
|
WP Carey, Inc.
|
144,765
|
10,351
|
|
|
|
10,351
|
|
Electric Utilities – 0.8%
|
||
|
IDACORP, Inc.
|
35,981
|
5,444
|
|
OGE Energy Corp.
|
134,007
|
6,521
|
|
Portland General Electric Co.
|
75,258
|
3,901
|
|
TXNM Energy, Inc. (New York Stock
Exchange)
|
64,748
|
3,676
|
|
|
|
19,542
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Electrical Equipment – 2.6%
|
||
|
Acuity, Inc.
|
19,575
|
$7,373
|
|
EnerSys†
|
23,953
|
5,601
|
|
Nextpower, Inc., Class A*
|
96,509
|
11,498
|
|
nVent Electric PLC
|
105,118
|
17,829
|
|
Regal Rexnord Corp.
|
43,272
|
10,307
|
|
Sensata Technologies Holding PLC
|
94,538
|
4,513
|
|
Vicor Corp.*
|
15,188
|
5,768
|
|
|
|
62,889
|
|
Electronic Equipment, Instruments & Components – 4.1%
|
||
|
Advanced Energy Industries, Inc.
|
24,720
|
9,217
|
|
Arrow Electronics, Inc.*
|
33,235
|
7,093
|
|
Avnet, Inc.
|
53,317
|
4,736
|
|
Belden, Inc.
|
25,319
|
3,036
|
|
Cognex Corp.
|
108,173
|
7,834
|
|
Crane NXT Co.†
|
32,186
|
1,647
|
|
Fabrinet*
|
23,289
|
13,090
|
|
IPG Photonics Corp.*
|
16,555
|
1,942
|
|
Littelfuse, Inc.
|
16,437
|
7,484
|
|
Novanta, Inc.* †
|
23,148
|
3,756
|
|
Sanmina Corp.* †
|
34,839
|
8,817
|
|
TD SYNNEX Corp.
|
48,598
|
12,992
|
|
TTM Technologies, Inc.*
|
67,503
|
12,624
|
|
Vontier Corp.†
|
91,570
|
2,656
|
|
|
|
96,924
|
|
Energy Equipment & Services – 1.2%
|
||
|
NOV, Inc.†
|
233,326
|
4,328
|
|
TechnipFMC PLC
|
259,134
|
17,181
|
|
Valaris Ltd.*
|
41,864
|
3,039
|
|
Weatherford International PLC†
|
46,754
|
3,811
|
|
|
|
28,359
|
|
Entertainment – 0.6%
|
||
|
Roku, Inc.*
|
85,273
|
11,780
|
|
Warner Music Group Corp., Class A
|
95,061
|
2,573
|
|
|
|
14,353
|
|
Financial Services – 1.7%
|
||
|
Corebridge Financial, Inc.
|
157,387
|
4,506
|
|
Equitable Holdings, Inc.
|
183,023
|
8,031
|
|
Essent Group Ltd.
|
59,909
|
3,851
|
|
Euronet Worldwide, Inc.*
|
23,047
|
1,687
|
|
MGIC Investment Corp.
|
137,473
|
3,877
|
|
Shift4 Payments, Inc., Class A* †
|
38,177
|
1,857
|
|
Toast, Inc., Class A*
|
305,649
|
8,503
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Financial Services – 1.7%continued
|
||
|
Voya Financial, Inc.
|
58,932
|
$5,335
|
|
WEX, Inc.* †
|
22,542
|
3,180
|
|
|
|
40,827
|
|
Food Products – 0.6%
|
||
|
Darling Ingredients, Inc.*
|
103,303
|
5,643
|
|
Ingredion, Inc.†
|
40,997
|
3,883
|
|
Marzetti (The) Co.
|
13,204
|
1,507
|
|
Pilgrim's Pride Corp.
|
27,820
|
782
|
|
Post Holdings, Inc.*
|
25,946
|
2,290
|
|
|
|
14,105
|
|
Gas Utilities – 1.0%
|
||
|
National Fuel Gas Co.
|
61,768
|
4,769
|
|
New Jersey Resources Corp.
|
65,604
|
3,676
|
|
ONE Gas, Inc.
|
40,839
|
3,147
|
|
Southwest Gas Holdings, Inc.
|
41,875
|
3,714
|
|
Spire, Inc.
|
38,453
|
3,003
|
|
UGI Corp.
|
139,364
|
4,814
|
|
|
|
23,123
|
|
Ground Transportation – 1.8%
|
||
|
Avis Budget Group, Inc.* †
|
11,023
|
1,630
|
|
Knight-Swift Transportation Holdings,
Inc.
|
105,615
|
8,224
|
|
Landstar System, Inc.
|
22,051
|
4,560
|
|
Ryder System, Inc.
|
25,150
|
6,634
|
|
Saia, Inc.*
|
17,336
|
7,301
|
|
XPO, Inc.* †
|
76,317
|
15,667
|
|
|
|
44,016
|
|
Health Care Equipment & Supplies – 1.2%
|
||
|
DENTSPLY SIRONA, Inc.†
|
130,419
|
1,384
|
|
Envista Holdings Corp.*
|
105,795
|
2,788
|
|
Globus Medical, Inc., Class A*
|
73,650
|
5,819
|
|
Haemonetics Corp.*
|
30,210
|
2,266
|
|
Lantheus Holdings, Inc.*
|
42,317
|
4,694
|
|
LivaNova PLC*
|
35,710
|
2,936
|
|
Penumbra, Inc.* †
|
25,564
|
8,072
|
|
|
|
27,959
|
|
Health Care Providers & Services – 1.6%
|
||
|
Chemed Corp.
|
8,628
|
4,018
|
|
Encompass Health Corp.
|
64,479
|
6,518
|
|
Ensign Group (The), Inc.
|
37,670
|
6,038
|
|
HealthEquity, Inc.*
|
54,898
|
4,958
|
|
Hims & Hers Health, Inc.* †
|
137,755
|
4,776
|
|
Schedule of Investments
|
|
MID CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Health Care Providers & Services – 1.6%continued
|
||
|
Option Care Health, Inc.* †
|
102,094
|
$2,141
|
|
Tenet Healthcare Corp.*
|
55,991
|
10,475
|
|
|
|
38,924
|
|
Health Care Real Estate Investment Trusts – 1.2%
|
||
|
American Healthcare REIT, Inc.†
|
125,240
|
6,531
|
|
CareTrust REIT, Inc.
|
153,520
|
6,195
|
|
Healthcare Realty Trust, Inc.
|
225,271
|
4,544
|
|
Omega Healthcare Investors, Inc.
|
193,566
|
9,229
|
|
Sabra Health Care REIT, Inc.
|
164,009
|
3,200
|
|
|
|
29,699
|
|
Health Care Technology – 0.1%
|
||
|
Doximity, Inc., Class A*
|
86,991
|
1,804
|
|
Hotel & Resort Real Estate Investment Trusts – 0.1%
|
||
|
Park Hotels & Resorts, Inc.
|
131,050
|
1,867
|
|
Hotels, Restaurants & Leisure – 2.5%
|
||
|
Aramark
|
170,933
|
9,726
|
|
Boyd Gaming Corp.
|
35,749
|
3,158
|
|
Cava Group, Inc.*
|
65,077
|
5,107
|
|
Choice Hotels International, Inc.†
|
13,046
|
1,439
|
|
Churchill Downs, Inc.
|
43,050
|
3,859
|
|
Dutch Bros., Inc., Class A* †
|
82,936
|
5,956
|
|
Hilton Grand Vacations, Inc.*
|
38,566
|
2,020
|
|
Hyatt Hotels Corp., Class A†
|
26,697
|
5,175
|
|
Planet Fitness, Inc., Class A*
|
51,486
|
2,686
|
|
Texas Roadhouse, Inc.†
|
42,727
|
8,256
|
|
Travel + Leisure Co.
|
40,646
|
3,107
|
|
Vail Resorts, Inc.†
|
23,199
|
3,158
|
|
Wingstop, Inc.†
|
17,707
|
3,070
|
|
Wyndham Hotels & Resorts, Inc.
|
48,729
|
4,103
|
|
|
|
60,820
|
|
Household Durables – 1.8%
|
||
|
KB Home
|
40,162
|
2,514
|
|
SharkNinja, Inc.* †
|
45,996
|
7,004
|
|
Somnigroup International, Inc.
|
136,736
|
10,720
|
|
Taylor Morrison Home Corp.*
|
60,792
|
4,361
|
|
Toll Brothers, Inc.
|
61,680
|
10,162
|
|
TopBuild Corp.*
|
18,220
|
6,459
|
|
Whirlpool Corp.†
|
41,756
|
1,646
|
|
|
|
42,866
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Independent Power & Renewable Electricity Producers – 0.7%
|
||
|
Ormat Technologies, Inc.
|
39,942
|
$4,350
|
|
Talen Energy Corp.*
|
29,507
|
11,338
|
|
|
|
15,688
|
|
Industrial Real Estate Investment Trusts – 0.9%
|
||
|
EastGroup Properties, Inc.†
|
34,869
|
7,062
|
|
First Industrial Realty Trust, Inc.†
|
86,152
|
5,282
|
|
Rexford Industrial Realty, Inc.
|
145,606
|
4,878
|
|
STAG Industrial, Inc.
|
124,249
|
4,729
|
|
|
|
21,951
|
|
Insurance – 3.4%
|
||
|
American Financial Group, Inc.
|
44,822
|
6,272
|
|
Brighthouse Financial, Inc.*
|
37,178
|
2,353
|
|
CNO Financial Group, Inc.
|
60,714
|
3,095
|
|
Fidelity National Financial, Inc.
|
164,444
|
7,755
|
|
First American Financial Corp.
|
66,243
|
4,544
|
|
Hanover Insurance Group (The), Inc.
|
22,741
|
4,869
|
|
Kinsale Capital Group, Inc.
|
14,240
|
4,697
|
|
Old Republic International Corp.†
|
145,645
|
5,960
|
|
Primerica, Inc.
|
20,264
|
5,759
|
|
Reinsurance Group of America, Inc.
|
42,584
|
9,056
|
|
RenaissanceRe Holdings Ltd.
|
27,706
|
8,780
|
|
RLI Corp.
|
59,778
|
3,531
|
|
Ryan Specialty Holdings, Inc.†
|
74,072
|
2,797
|
|
Selective Insurance Group, Inc.
|
38,923
|
3,776
|
|
Unum Group
|
95,540
|
8,541
|
|
|
|
81,785
|
|
Interactive Media & Services – 0.3%
|
||
|
Pinterest, Inc., Class A*
|
313,163
|
6,586
|
|
IT Services – 1.9%
|
||
|
DigitalOcean Holdings, Inc.*
|
52,912
|
8,309
|
|
Kyndryl Holdings, Inc.* †
|
146,717
|
1,660
|
|
Okta, Inc.*
|
108,980
|
14,870
|
|
Twilio, Inc., Class A*
|
98,653
|
20,355
|
|
|
|
45,194
|
|
Leisure Products – 0.5%
|
||
|
Brunswick Corp.
|
42,272
|
3,561
|
|
Mattel, Inc.* †
|
188,974
|
2,623
|
|
Polaris, Inc.
|
35,158
|
2,406
|
|
YETI Holdings, Inc.*
|
49,273
|
2,442
|
|
|
|
11,032
|
|
Life Sciences Tools & Services – 1.9%
|
||
|
Avantor, Inc.*
|
443,821
|
4,394
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Life Sciences Tools & Services – 1.9%continued
|
||
|
Bio-Rad Laboratories, Inc., Class A*
|
11,708
|
$3,438
|
|
Bruker Corp.
|
72,230
|
4,347
|
|
Illumina, Inc.*
|
98,348
|
17,292
|
|
Medpace Holdings, Inc.*
|
14,666
|
7,767
|
|
Repligen Corp.*
|
34,464
|
4,702
|
|
Sotera Health Co.*
|
172,425
|
3,061
|
|
|
|
45,001
|
|
Machinery – 5.7%
|
||
|
AGCO Corp.
|
39,078
|
4,678
|
|
Chart Industries, Inc.*
|
29,221
|
6,106
|
|
CNH Industrial N.V.†
|
572,445
|
6,429
|
|
Crane Co.
|
31,904
|
7,117
|
|
Donaldson Co., Inc.
|
75,291
|
6,759
|
|
Esab Corp.†
|
37,208
|
3,670
|
|
Flowserve Corp.†
|
83,078
|
6,161
|
|
Graco, Inc.
|
107,905
|
8,159
|
|
ITT, Inc.
|
58,111
|
11,492
|
|
Lincoln Electric Holdings, Inc.†
|
35,616
|
9,456
|
|
Middleby (The) Corp.*
|
27,043
|
4,652
|
|
Mueller Industries, Inc.
|
71,871
|
8,835
|
|
Oshkosh Corp.
|
40,532
|
6,221
|
|
RBC Bearings, Inc.*
|
20,503
|
13,205
|
|
SPX Technologies, Inc.*
|
32,541
|
7,978
|
|
Terex Corp.
|
74,236
|
5,374
|
|
Timken (The) Co.
|
41,113
|
5,974
|
|
Toro (The) Co.
|
63,015
|
6,139
|
|
Watts Water Technologies, Inc., Class A
|
17,858
|
6,990
|
|
|
|
135,395
|
|
Marine Transportation – 0.2%
|
||
|
Kirby Corp.*
|
34,774
|
4,728
|
|
Media – 0.6%
|
||
|
New York Times (The) Co., Class A
|
104,691
|
7,326
|
|
Nexstar Media Group, Inc.†
|
18,665
|
3,334
|
|
Sirius XM Holdings, Inc.
|
122,549
|
3,620
|
|
|
|
14,280
|
|
Metals & Mining – 2.6%
|
||
|
Alcoa Corp.
|
171,542
|
8,944
|
|
Cleveland-Cliffs, Inc.*
|
370,813
|
3,482
|
|
Coeur Mining, Inc.†
|
672,462
|
10,975
|
|
Commercial Metals Co.
|
72,086
|
4,523
|
|
Hecla Mining Co.†
|
435,998
|
6,728
|
|
MP Materials Corp.* †
|
87,950
|
4,926
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Metals & Mining – 2.6%continued
|
||
|
Reliance, Inc.
|
33,183
|
$12,397
|
|
Royal Gold, Inc.
|
52,965
|
10,572
|
|
|
|
62,547
|
|
Mortgage Real Estate Investment Trusts – 0.6%
|
||
|
Annaly Capital Management, Inc.
|
476,307
|
10,650
|
|
Starwood Property Trust, Inc.†
|
226,635
|
3,712
|
|
|
|
14,362
|
|
Multi-Utilities – 0.3%
|
||
|
Black Hills Corp.
|
49,502
|
3,683
|
|
Northwestern Energy Group, Inc.
|
40,021
|
2,866
|
|
|
|
6,549
|
|
Office Real Estate Investment Trusts – 0.5%
|
||
|
COPT Defense Properties
|
73,470
|
2,674
|
|
Cousins Properties, Inc.†
|
107,021
|
3,208
|
|
Kilroy Realty Corp.†
|
69,579
|
2,607
|
|
Vornado Realty Trust
|
102,705
|
4,036
|
|
|
|
12,525
|
|
Oil, Gas & Consumable Fuels – 3.1%
|
||
|
Antero Midstream Corp.
|
216,124
|
4,917
|
|
Antero Resources Corp.*
|
191,313
|
6,723
|
|
Chord Energy Corp.
|
36,600
|
4,183
|
|
CNX Resources Corp.*
|
91,970
|
3,121
|
|
DT Midstream, Inc.
|
66,303
|
9,729
|
|
HF Sinclair Corp.
|
99,602
|
6,937
|
|
Matador Resources Co.
|
75,884
|
3,777
|
|
Murphy Oil Corp.†
|
87,616
|
2,853
|
|
Ovintiv, Inc.
|
179,001
|
9,424
|
|
PBF Energy, Inc., Class A
|
54,610
|
2,486
|
|
Permian Resources Corp., Class A
|
511,564
|
9,418
|
|
Range Resources Corp.†
|
153,138
|
5,695
|
|
Viper Energy, Inc., Class A
|
126,244
|
5,353
|
|
|
|
74,616
|
|
Passenger Airlines – 0.5%
|
||
|
Alaska Air Group, Inc.* †
|
72,469
|
3,783
|
|
American Airlines Group, Inc.*
|
430,026
|
7,770
|
|
|
|
11,553
|
|
Personal Care Products – 0.1%
|
||
|
elf Beauty, Inc.*
|
38,388
|
2,841
|
|
Pharmaceuticals – 0.7%
|
||
|
Elanco Animal Health, Inc.* †
|
324,663
|
7,990
|
|
Jazz Pharmaceuticals PLC*
|
40,786
|
9,828
|
|
|
|
17,818
|
|
Schedule of Investments
|
|
MID CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Professional Services – 2.0%
|
||
|
Booz Allen Hamilton Holding Corp.
|
78,400
|
$4,757
|
|
CACI International, Inc., Class A*
|
14,359
|
6,652
|
|
ExlService Holdings, Inc.*
|
99,345
|
2,569
|
|
Exponent, Inc.
|
31,559
|
1,855
|
|
FTI Consulting, Inc.* †
|
19,225
|
2,865
|
|
Genpact Ltd.
|
102,500
|
2,819
|
|
KBR, Inc.
|
82,454
|
2,847
|
|
Maximus, Inc.†
|
34,175
|
1,837
|
|
Parsons Corp.*
|
34,380
|
1,801
|
|
Paylocity Holding Corp.*
|
28,187
|
2,946
|
|
Science Applications International
Corp.
|
28,026
|
3,094
|
|
TransUnion
|
125,324
|
9,041
|
|
UL Solutions, Inc., Class A†
|
50,571
|
5,151
|
|
|
|
48,234
|
|
Real Estate Management & Development – 0.4%
|
||
|
Jones Lang LaSalle, Inc.*
|
30,155
|
9,347
|
|
Residential Real Estate Investment Trusts – 0.7%
|
||
|
American Homes 4 Rent, Class A
|
205,893
|
6,901
|
|
Equity LifeStyle Properties, Inc.
|
126,047
|
8,124
|
|
Independence Realty Trust, Inc.
|
153,309
|
2,559
|
|
|
|
17,584
|
|
Retail Real Estate Investment Trusts – 0.9%
|
||
|
Agree Realty Corp.
|
77,923
|
5,902
|
|
Brixmor Property Group, Inc.
|
199,392
|
6,287
|
|
Kite Realty Group Trust
|
132,021
|
3,747
|
|
NNN REIT, Inc.
|
123,656
|
5,753
|
|
|
|
21,689
|
|
Semiconductors & Semiconductor Equipment – 5.7%
|
||
|
Allegro MicroSystems, Inc.* †
|
80,694
|
5,618
|
|
Amkor Technology, Inc.
|
74,113
|
6,391
|
|
Cirrus Logic, Inc.*
|
33,149
|
4,924
|
|
Entegris, Inc.
|
99,127
|
17,829
|
|
Lattice Semiconductor Corp.*
|
89,055
|
13,622
|
|
MACOM Technology Solutions
Holdings, Inc.*
|
42,649
|
16,222
|
|
MKS, Inc.
|
43,904
|
19,528
|
|
Onto Innovation, Inc.*
|
32,334
|
12,237
|
|
Rambus, Inc.*
|
70,291
|
9,330
|
|
Semtech Corp.*
|
60,525
|
9,796
|
|
Silicon Laboratories, Inc.*
|
21,439
|
4,686
|
|
SiTime Corp.*
|
14,413
|
10,746
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Semiconductors & Semiconductor Equipment – 5.7%continued
|
||
|
Synaptics, Inc.*
|
25,118
|
$3,120
|
|
Universal Display Corp.
|
28,277
|
2,449
|
|
|
|
136,498
|
|
Software – 2.7%
|
||
|
Appfolio, Inc., Class A* †
|
15,617
|
2,504
|
|
Bentley Systems, Inc., Class B†
|
96,864
|
2,895
|
|
BILL Holdings, Inc.*
|
57,627
|
2,084
|
|
Commvault Systems, Inc.*
|
26,814
|
3,800
|
|
Docusign, Inc.*
|
126,277
|
5,609
|
|
Dolby Laboratories, Inc., Class A†
|
39,228
|
2,063
|
|
Dropbox, Inc., Class A*
|
97,307
|
2,673
|
|
Dynatrace, Inc.* †
|
191,479
|
8,408
|
|
Guidewire Software, Inc.* †
|
55,026
|
6,771
|
|
InterDigital, Inc.
|
16,799
|
4,756
|
|
Manhattan Associates, Inc.*
|
38,457
|
5,355
|
|
Nutanix, Inc., Class A*
|
172,384
|
8,785
|
|
Pegasystems, Inc.†
|
58,661
|
1,758
|
|
Qualys, Inc.*
|
22,892
|
3,147
|
|
UiPath, Inc., Class A*
|
277,592
|
3,018
|
|
|
|
63,626
|
|
Specialized Real Estate Investment Trusts – 1.3%
|
||
|
CubeSmart
|
147,204
|
5,854
|
|
EPR Properties
|
49,777
|
2,888
|
|
Gaming and Leisure Properties, Inc.
|
184,106
|
8,198
|
|
Lamar Advertising Co., Class A
|
56,588
|
8,827
|
|
National Storage Affiliates Trust
|
46,195
|
2,054
|
|
Rayonier, Inc.
|
179,871
|
3,828
|
|
|
|
31,649
|
|
Specialty Retail – 3.0%
|
||
|
Abercrombie & Fitch Co., Class A*
|
29,086
|
2,618
|
|
AutoNation, Inc.* †
|
16,321
|
3,032
|
|
Bath & Body Works, Inc.
|
130,958
|
3,029
|
|
Burlington Stores, Inc.*
|
40,840
|
12,938
|
|
Chewy, Inc., Class A* †
|
156,159
|
3,069
|
|
Dick's Sporting Goods, Inc.†
|
42,823
|
9,713
|
|
Five Below, Inc.*
|
35,943
|
6,462
|
|
Floor & Decor Holdings, Inc., Class A*
|
70,269
|
4,171
|
|
GameStop Corp., Class A* †
|
268,139
|
5,920
|
|
Gap (The), Inc.
|
144,896
|
2,707
|
|
Lithia Motors, Inc.
|
14,829
|
4,308
|
|
Murphy U.S.A., Inc.
|
10,926
|
5,888
|
|
Penske Automotive Group, Inc.†
|
11,973
|
2,143
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.2%continued
|
||
|
Specialty Retail – 3.0%continued
|
||
|
RH*
|
10,031
|
$1,652
|
|
Valvoline, Inc.* †
|
82,912
|
3,278
|
|
|
|
70,928
|
|
Technology Hardware, Storage & Peripherals – 0.7%
|
||
|
Everpure, Inc., Class A*
|
205,110
|
16,161
|
|
Textiles, Apparel & Luxury Goods – 0.5%
|
||
|
Capri Holdings Ltd.*
|
77,570
|
1,441
|
|
Columbia Sportswear Co.†
|
15,662
|
968
|
|
Crocs, Inc.*
|
32,306
|
3,897
|
|
PVH Corp.
|
29,960
|
2,225
|
|
VF Corp.
|
213,735
|
3,565
|
|
|
|
12,096
|
|
Trading Companies & Distributors – 1.8%
|
||
|
Applied Industrial Technologies, Inc.
|
24,021
|
8,123
|
|
Core & Main, Inc., Class A* †
|
122,298
|
5,901
|
|
GATX Corp.
|
23,080
|
4,090
|
|
MSC Industrial Direct Co., Inc.,
Class A†
|
29,762
|
3,540
|
|
Watsco, Inc.†
|
22,754
|
9,482
|
|
WESCO International, Inc.
|
31,659
|
10,936
|
|
|
|
42,072
|
|
Water Utilities – 0.3%
|
||
|
Essential Utilities, Inc.
|
184,337
|
7,062
|
|
Total Common Stocks
|
|
|
|
(Cost $1,450,423)
|
|
2,369,183
|
|
|
|
|
|
INVESTMENT COMPANIES – 3.7%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
60,552,092
|
60,552
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
27,456,473
|
27,456
|
|
Total Investment Companies
|
|
|
|
(Cost $88,008)
|
|
88,008
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.60%, 10/15/26(5) (6)
|
$1,949
|
$1,928
|
|
Total Short-Term Investments
|
|
|
|
(Cost $1,929)
|
1,928
|
|
|
|
|
|
|
Total Investments – 103.0%
|
|
|
|
(Cost $1,540,360)
|
2,459,119
|
|
|
Liabilities less Other Assets – (3.0%)
|
(71,543
)
|
|
|
NET ASSETS – 100.0%
|
$2,387,576
|
|
|
(1)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
MidCap 400
|
77
|
$29,915
|
Long
|
9/26
|
$481
|
|
Schedule of Investments
|
|
MID CAP INDEX FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$2,369,183
|
$—
|
$—
|
$2,369,183
|
|
Investment Companies
|
88,008
|
—
|
—
|
88,008
|
|
Short-Term Investments
|
—
|
1,928
|
—
|
1,928
|
|
Total Investments
|
$2,457,191
|
$1,928
|
$—
|
$2,459,119
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$481
|
$—
|
$—
|
$481
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$38,366
|
$179,885
|
$157,699
|
$60,552
|
60,552,092
|
$57
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
38,753
|
31,922
|
43,219
|
27,456
|
27,456,473
|
304
|
|
Total
|
$77,119
|
$211,807
|
$200,918
|
$88,008
|
88,008,565
|
$361
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.1% (1)
|
||
|
Australia – 4.7%
|
||
|
APA Group
|
903,802
|
$6,350
|
|
Atlas Arteria Ltd.
|
3,026,594
|
10,689
|
|
Cleanaway Waste Management Ltd.
|
1,744,400
|
2,846
|
|
Qube Holdings Ltd.
|
1,629,682
|
5,758
|
|
Transurban Group
|
2,026,897
|
20,233
|
|
|
|
45,876
|
|
Brazil – 1.1%
|
||
|
Cia Paranaense de Energia - Copel
|
1,126,547
|
3,284
|
|
Motiva Infraestrutura de Mobilidade
S.A.
|
1,426,640
|
4,035
|
|
Rumo S.A.
|
1,241,600
|
3,223
|
|
|
|
10,542
|
|
Canada – 5.4%
|
||
|
Ag Growth International, Inc.†
|
13,778
|
196
|
|
Algonquin Power & Utilities Corp.
|
920,000
|
5,410
|
|
Canadian National Railway Co.
|
172,351
|
20,568
|
|
Enbridge, Inc.
|
65,876
|
3,572
|
|
Hydro One Ltd.
|
21,232
|
876
|
|
Keyera Corp.
|
112,863
|
4,534
|
|
Northland Power, Inc.
|
56,077
|
883
|
|
Rockpoint Gas Storage, Inc., Class A
|
42,283
|
876
|
|
TC Energy Corp.
|
239,505
|
15,861
|
|
|
|
52,776
|
|
China – 1.7%
|
||
|
Beijing Capital International Airport Co.
Ltd., Class H*
|
8,884,000
|
1,646
|
|
China Merchants Port Holdings Co. Ltd.
|
1,724,000
|
2,722
|
|
China Tower Corp. Ltd., Class H
|
4,026,749
|
4,532
|
|
China Water Affairs Group Ltd.
|
256,282
|
143
|
|
ENN Energy Holdings Ltd.
|
957,900
|
4,948
|
|
Guangdong Investment Ltd.
|
333,046
|
330
|
|
Zhejiang Expressway Co. Ltd., Class H
|
2,632,000
|
1,992
|
|
|
|
16,313
|
|
Denmark – 0.5%
|
||
|
Orsted A.S.(2) *
|
234,517
|
5,273
|
|
France – 5.9%
|
||
|
Aeroports de Paris S.A.†
|
109,863
|
14,319
|
|
Eiffage S.A.
|
4,868
|
719
|
|
Engie S.A.
|
163,918
|
5,168
|
|
Getlink S.E.
|
535,203
|
11,382
|
|
Nexans S.A.
|
2,275
|
378
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.1% (1)continued
|
||
|
France – 5.9%continued
|
||
|
Veolia Environnement S.A.
|
37,017
|
$1,542
|
|
Vinci S.A.
|
170,915
|
24,997
|
|
|
|
58,505
|
|
Germany – 1.0%
|
||
|
E.ON S.E.
|
24,696
|
510
|
|
Fraport A.G. Frankfurt Airport Services
Worldwide
|
50,172
|
4,177
|
|
RWE A.G.
|
79,126
|
5,126
|
|
Siemens A.G. (Registered)
|
1,581
|
508
|
|
|
|
10,321
|
|
Hong Kong – 2.4%
|
||
|
CK Infrastructure Holdings Ltd.
|
802,800
|
6,127
|
|
CLP Holdings Ltd.
|
695,500
|
6,501
|
|
Power Assets Holdings Ltd.
|
1,458,320
|
10,641
|
|
|
|
23,269
|
|
India – 0.3%
|
||
|
GMR Airports Ltd.*
|
1,455,685
|
1,732
|
|
NTPC Ltd.
|
289,561
|
1,096
|
|
|
|
2,828
|
|
Italy – 6.1%
|
||
|
Enav S.p.A.
|
252,586
|
1,500
|
|
Enel S.p.A.
|
278,100
|
3,195
|
|
Hera S.p.A.
|
2,405,644
|
10,038
|
|
Infrastrutture Wireless Italiane S.p.A.†
|
1,006,344
|
7,087
|
|
Italgas S.p.A.
|
603,474
|
6,989
|
|
Snam S.p.A.
|
2,472,193
|
17,794
|
|
Terna - Rete Elettrica Nazionale
|
1,182,726
|
13,838
|
|
|
|
60,441
|
|
Japan – 1.6%
|
||
|
East Japan Railway Co.
|
101,200
|
2,121
|
|
Japan Airport Terminal Co. Ltd.
|
139,500
|
4,344
|
|
Kansai Electric Power (The) Co., Inc.
|
193,000
|
2,712
|
|
Kurita Water Industries Ltd.
|
10,800
|
617
|
|
Osaka Gas Co. Ltd.
|
51,300
|
1,726
|
|
West Japan Railway Co.
|
231,700
|
3,886
|
|
|
|
15,406
|
|
Luxembourg – 0.4%
|
||
|
SES S.A.
|
480,924
|
3,938
|
|
Malaysia – 0.4%
|
||
|
Tenaga Nasional Bhd.
|
1,239,000
|
4,349
|
|
Schedule of Investments
|
|
MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.1% (1)continued
|
||
|
Mexico – 2.8%
|
||
|
Grupo Aeroportuario del Centro Norte
S.A.B. de C.V.
|
321,905
|
$4,550
|
|
Grupo Aeroportuario del Pacifico
S.A.B. de C.V., Class B
|
371,604
|
9,390
|
|
Grupo Aeroportuario del Sureste S.A.B.
de C.V., Class B
|
302,396
|
9,271
|
|
Promotora y Operadora de
Infraestructura S.A.B. de C.V.
|
251,791
|
3,999
|
|
|
|
27,210
|
|
Netherlands – 0.2%
|
||
|
Arcadis N.V.
|
15,616
|
600
|
|
Koninklijke Vopak N.V.
|
26,179
|
1,363
|
|
|
|
1,963
|
|
New Zealand – 0.9%
|
||
|
Auckland International Airport Ltd.
|
1,849,401
|
8,778
|
|
Philippines – 0.3%
|
||
|
International Container Terminal
Services, Inc.
|
203,610
|
2,973
|
|
Portugal – 0.2%
|
||
|
REN - Redes Energeticas Nacionais
SGPS S.A.
|
347,186
|
1,498
|
|
Spain – 6.0%
|
||
|
Aena SME S.A.(2)
|
868,416
|
26,472
|
|
Cellnex Telecom S.A.*
|
351,482
|
10,525
|
|
EDP Renewables S.A.
|
36,633
|
594
|
|
Iberdrola S.A.
|
854,636
|
21,330
|
|
|
|
58,921
|
|
Switzerland – 1.9%
|
||
|
Flughafen Zurich A.G. (Registered)
|
60,903
|
18,826
|
|
Landis+Gyr Group A.G.*
|
5,257
|
282
|
|
|
|
19,108
|
|
United Arab Emirates – 0.1%
|
||
|
Abu Dhabi Ports Co. PJSC*
|
1,153,537
|
1,483
|
|
United Kingdom – 8.3%
|
||
|
National Grid PLC
|
2,667,063
|
44,158
|
|
Pennon Group PLC
|
893,167
|
5,512
|
|
Severn Trent PLC
|
317,872
|
12,424
|
|
SSE PLC
|
41,377
|
1,337
|
|
United Utilities Group PLC
|
1,066,775
|
18,509
|
|
|
|
81,940
|
|
United States – 41.9%
|
||
|
Advanced Drainage Systems, Inc.
|
2,635
|
414
|
|
AECOM
|
6,387
|
446
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.1% (1)continued
|
||
|
United States – 41.9%continued
|
||
|
Alexandria Real Estate Equities, Inc.
|
3,942
|
$208
|
|
Alliant Energy Corp.†
|
40,110
|
3,060
|
|
Ameren Corp.
|
16,316
|
1,844
|
|
American Electric Power Co., Inc.
|
156,604
|
21,425
|
|
American Tower Corp.
|
138,826
|
22,708
|
|
American Water Works Co., Inc.
|
5,300
|
697
|
|
Antero Midstream Corp.
|
64,600
|
1,470
|
|
Array Technologies, Inc.* †
|
42,833
|
317
|
|
Black Hills Corp.
|
38,041
|
2,830
|
|
Bunge Global S.A.
|
9,181
|
980
|
|
Cheniere Energy, Inc.
|
36,674
|
8,765
|
|
Clearway Energy, Inc., Class C
|
23,960
|
819
|
|
CMS Energy Corp.
|
33,876
|
2,591
|
|
Consolidated Edison, Inc.
|
87,399
|
9,669
|
|
Constellation Energy Corp.
|
18,563
|
4,610
|
|
Crown Castle, Inc.
|
306,955
|
23,246
|
|
CSX Corp.
|
219,324
|
10,424
|
|
Dominion Energy, Inc.
|
39,212
|
2,678
|
|
DT Midstream, Inc.
|
49,912
|
7,324
|
|
DTE Energy Co.
|
11,387
|
1,735
|
|
Duke Energy Corp.
|
112,345
|
14,221
|
|
Eaton Corp. PLC
|
890
|
379
|
|
Entergy Corp.
|
83,467
|
9,587
|
|
Equinix, Inc.
|
1,665
|
1,736
|
|
Essential Utilities, Inc.
|
26,117
|
1,001
|
|
Evergy, Inc.
|
138,011
|
11,928
|
|
Exelon Corp.
|
514,645
|
23,993
|
|
Ferrovial N.V.
|
183,964
|
12,620
|
|
First Solar, Inc.*
|
1,922
|
453
|
|
GFL Environmental, Inc.†
|
167,288
|
6,155
|
|
HA Sustainable Infrastructure Capital,
Inc.
|
17,619
|
688
|
|
Hess Midstream L.P., Class A
|
39,011
|
1,467
|
|
Hubbell, Inc.
|
921
|
482
|
|
Kinder Morgan, Inc.
|
58,859
|
1,882
|
|
Kinetik Holdings, Inc.
|
55,678
|
2,691
|
|
Kodiak Gas Services, Inc.
|
37,800
|
2,840
|
|
NextEra Energy, Inc.
|
355,535
|
31,205
|
|
Norfolk Southern Corp.
|
4,896
|
1,540
|
|
ONEOK, Inc.
|
132,901
|
11,554
|
|
Ormat Technologies, Inc.
|
1,903
|
207
|
|
PG&E Corp.
|
629,679
|
10,591
|
|
PPL Corp.
|
51,405
|
1,869
|
|
Public Service Enterprise Group, Inc.
|
114,747
|
9,313
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 94.1% (1)continued
|
||
|
United States – 41.9%continued
|
||
|
Republic Services, Inc.
|
27,525
|
$5,865
|
|
SBA Communications Corp.
|
56,352
|
9,944
|
|
Sempra
|
101,873
|
9,445
|
|
Shoals Technologies Group, Inc.,
Class A*
|
36,672
|
363
|
|
Southwest Gas Holdings, Inc.
|
17,566
|
1,558
|
|
Sunrun, Inc.*
|
21,150
|
283
|
|
Targa Resources Corp.
|
95,299
|
25,553
|
|
Tetra Tech, Inc.
|
17,282
|
499
|
|
UGI Corp.
|
167,397
|
5,782
|
|
Union Pacific Corp.
|
51,942
|
14,128
|
|
Venture Global, Inc., Class A
|
150,832
|
1,679
|
|
Vistra Corp.
|
30,850
|
4,894
|
|
Waste Connections, Inc.
|
23,504
|
3,918
|
|
Waste Connections, Inc. (New York
Exchange)
|
5,257
|
876
|
|
Waste Management, Inc.
|
5,705
|
1,272
|
|
Williams (The) Cos., Inc.
|
313,851
|
23,332
|
|
Xcel Energy, Inc.
|
204,581
|
16,428
|
|
Xylem, Inc.
|
4,515
|
534
|
|
|
|
413,015
|
|
Total Common Stocks
|
|
|
|
(Cost $787,961)
|
|
926,726
|
|
|
|
|
|
MASTER LIMITED PARTNERSHIPS – 2.0%
|
||
|
United States – 2.0%
|
||
|
Energy Transfer L.P.
|
246,423
|
4,712
|
|
Enterprise Products Partners L.P.
|
140,099
|
5,150
|
|
MPLX L.P.
|
84,825
|
4,778
|
|
Plains All American Pipeline L.P.
|
113,014
|
2,516
|
|
Western Midstream Partners L.P.
|
56,000
|
2,450
|
|
|
|
19,606
|
|
Total Master Limited Partnerships
|
|
|
|
(Cost $18,180)
|
|
19,606
|
|
|
|
|
|
INVESTMENT COMPANIES – 4.1%
|
||
|
Greencoat Renewables PLC†
|
918,694
|
776
|
|
International Public Partnerships Ltd.
|
546,033
|
1,013
|
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(3) (4) (5)
|
9,130,004
|
9,130
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(3) (4)
|
28,000,238
|
28,000
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 4.1%continued
|
||
|
Renewables Infrastructure Group (The)
Ltd.
|
844,026
|
$817
|
|
VH Global Sustainable Energy
Opportunities PLC
|
666,643
|
639
|
|
Total Investment Companies
|
|
|
|
(Cost $40,413)
|
|
40,375
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.63%, 10/15/26(6) (7)
|
$852
|
$843
|
|
Total Short-Term Investments
|
|
|
|
(Cost $843)
|
|
843
|
|
|
|
|
|
Total Investments – 100.3%
|
|
|
|
(Cost $847,397)
|
|
987,550
|
|
Liabilities less Other Assets – (0.3%)
|
|
(2,905
)
|
|
Net Assets – 100.0%
|
|
$984,645
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration to qualified institutional investors. At June 30, 2026,
the value of these securities amounted to approximately $31,745,000 or
3.2% of net assets.
|
|
(3)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(4)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(5)
|
Investment of cash collateral received from securities lending activities.
|
|
(6)
|
Discount rate at the time of purchase.
|
|
(7)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
EAFE – Europe, Australasia and the Far East
|
|
|
|
MSCI – Morgan Stanley Capital International
|
|
|
|
S&P – Standard & Poor's
|
|
Schedule of Investments
|
|
MULTI-MANAGER GLOBAL LISTED INFRASTRUCTURE FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
500
(United States
Dollar)
|
24
|
$9,058
|
Long
|
9/26
|
$119
|
|
MSCI EAFE
Index
(United States
Dollar)
|
46
|
7,234
|
Long
|
9/26
|
31
|
|
Total
|
|
|
|
|
$150
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Utilities
|
44.5
%
|
|
Industrials
|
29.3
|
|
Energy
|
13.7
|
|
Real Estate
|
5.9
|
|
Communication Services
|
2.7
|
|
Financials
|
0.3
|
|
Consumer Staples
|
0.1
|
|
Short-Term Investments
|
3.8
|
|
Total Investments
|
100.3
|
|
Liabilities less Other Assets
|
(0.3
)
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Brazil
|
$10,542
|
$—
|
$—
|
$10,542
|
|
Canada
|
52,776
|
—
|
—
|
52,776
|
|
Mexico
|
27,210
|
—
|
—
|
27,210
|
|
United States
|
400,395
|
12,620
|
—
|
413,015
|
|
All Other Countries(1)
|
—
|
423,183
|
—
|
423,183
|
|
Total Common Stocks
|
490,923
|
435,803
|
—
|
926,726
|
|
Master Limited Partnerships
|
19,606
|
—
|
—
|
19,606
|
|
Investment Companies
|
37,130
|
3,245
|
—
|
40,375
|
|
Short-Term Investments
|
—
|
843
|
—
|
843
|
|
Total Investments
|
$547,659
|
$439,891
|
$—
|
$987,550
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$150
|
$—
|
$—
|
$150
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$8,207
|
$44,954
|
$44,031
|
$9,130
|
9,130,004
|
$31
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
30,950
|
110,963
|
113,913
|
28,000
|
28,000,238
|
270
|
|
Total
|
$39,157
|
$155,917
|
$157,944
|
$37,130
|
37,130,242
|
$301
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
MULTI-MANAGER GLOBAL REAL ESTATE FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)
|
||
|
Australia – 5.6%
|
||
|
Dexus
|
46,526
|
$175
|
|
Goodman Group
|
66,837
|
1,449
|
|
Ingenia Communities Group
|
85,664
|
263
|
|
NEXTDC Ltd.*
|
17,455
|
177
|
|
Scentre Group
|
242,183
|
649
|
|
Stockland
|
112,656
|
319
|
|
|
|
3,032
|
|
Belgium – 1.7%
|
||
|
Aedifica S.A.
|
5,279
|
426
|
|
Shurgard Self Storage Ltd.
|
2,502
|
73
|
|
VGP N.V.
|
2,464
|
237
|
|
Warehouses De Pauw - C.V.A.
|
3,846
|
97
|
|
Xior Student Housing N.V.
|
2,551
|
77
|
|
|
|
910
|
|
Canada – 1.1%
|
||
|
Chartwell Retirement Residences
|
10,314
|
163
|
|
Dream Industrial Real Estate Investment
Trust
|
10,846
|
107
|
|
RioCan Real Estate Investment Trust
|
18,650
|
298
|
|
|
|
568
|
|
China – 0.1%
|
||
|
GDS Holdings Ltd., Class A*
|
11,900
|
44
|
|
France – 2.2%
|
||
|
Accor S.A.
|
1,578
|
92
|
|
Klepierre S.A.
|
7,522
|
314
|
|
Mercialys S.A.
|
10,980
|
147
|
|
Unibail-Rodamco-Westfield*
|
5,194
|
608
|
|
|
|
1,161
|
|
Germany – 1.4%
|
||
|
Sirius Real Estate Ltd.
|
74,049
|
95
|
|
TAG Immobilien A.G.
|
18,997
|
306
|
|
Vonovia S.E.
|
14,266
|
352
|
|
|
|
753
|
|
Hong Kong – 2.7%
|
||
|
Henderson Land Development Co. Ltd.
|
28,000
|
89
|
|
Hongkong Land Holdings Ltd.
|
57,000
|
408
|
|
Link REIT
|
100,200
|
468
|
|
Sun Hung Kai Properties Ltd.
|
35,000
|
504
|
|
|
|
1,469
|
|
Israel – 0.2%
|
||
|
Melisron Ltd.
|
911
|
128
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
Japan – 7.3%
|
||
|
Comforia Residential REIT, Inc.
|
206
|
$131
|
|
GLP J-REIT
|
174
|
147
|
|
Japan Metropolitan Fund Invest
|
627
|
433
|
|
Japan Real Estate Investment Corp.
|
510
|
364
|
|
Mitsubishi Estate Co. Ltd.
|
32,600
|
830
|
|
Mitsui Fudosan Accommodations Fund,
Inc.
|
49
|
37
|
|
Mitsui Fudosan Co. Ltd.
|
85,000
|
783
|
|
Nippon Building Fund, Inc.
|
265
|
205
|
|
Nippon Prologis REIT, Inc.
|
218
|
116
|
|
Nomura Real Estate Master Fund, Inc.*
|
132
|
124
|
|
Sumitomo Realty & Development Co.
Ltd.
|
25,500
|
587
|
|
United Urban Investment Corp.
|
197
|
197
|
|
|
|
3,954
|
|
Netherlands – 0.3%
|
||
|
CTP N.V.
|
7,816
|
143
|
|
Singapore – 3.1%
|
||
|
CapitaLand Ascendas REIT*
|
21,100
|
41
|
|
CapitaLand Integrated Commercial
Trust
|
425,613
|
782
|
|
CapitaLand Investment Ltd.†
|
182,400
|
352
|
|
Centurion Accommodation REIT*
|
318,213
|
262
|
|
Digital Core REIT Management Pte Ltd.
|
233,400
|
118
|
|
UOL Group Ltd.
|
12,200
|
90
|
|
|
|
1,645
|
|
Spain – 0.7%
|
||
|
Merlin Properties Socimi S.A.
|
23,111
|
405
|
|
Sweden – 1.0%
|
||
|
Atrium Ljungberg AB, Class B
|
15,088
|
41
|
|
Catena AB
|
6,085
|
261
|
|
Fastighets AB Balder, Class B*
|
22,808
|
122
|
|
Swedish Logistic Property AB, Class B*
|
15,287
|
59
|
|
Wihlborgs Fastigheter AB
|
6,745
|
52
|
|
|
|
535
|
|
Switzerland – 0.9%
|
||
|
PSP Swiss Property A.G. (Registered)
|
859
|
153
|
|
Swiss Prime Site A.G. (Registered)
|
1,895
|
309
|
|
|
|
462
|
|
United Kingdom – 2.9%
|
||
|
Big Yellow Group PLC
|
3,860
|
46
|
|
British Land (The) Co. PLC
|
22,383
|
123
|
|
Helical PLC
|
31,571
|
81
|
|
Schedule of Investments
|
|
MULTI-MANAGER GLOBAL REAL ESTATE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
United Kingdom – 2.9%continued
|
||
|
Land Securities Group PLC
|
21,006
|
$182
|
|
LondonMetric Property PLC
|
25,358
|
63
|
|
Safestore Holdings PLC
|
20,767
|
169
|
|
Segro PLC
|
31,312
|
364
|
|
Tritax Big Box REIT PLC
|
251,739
|
539
|
|
|
|
1,567
|
|
United States – 64.5%
|
||
|
Agree Realty Corp.
|
14,477
|
1,096
|
|
Blackstone Digital Infrastructure Trust,
Inc.*
|
4,793
|
104
|
|
Boyd Gaming Corp.
|
2,164
|
191
|
|
BXP, Inc.
|
10,101
|
670
|
|
CareTrust REIT, Inc.
|
2,173
|
88
|
|
CBRE Group, Inc., Class A*
|
3,271
|
441
|
|
Crown Castle, Inc.
|
6,165
|
467
|
|
Curbline Properties Corp.
|
16,045
|
488
|
|
D.R. Horton, Inc.
|
1,366
|
222
|
|
Digital Realty Trust, Inc.
|
15,735
|
2,826
|
|
Equinix, Inc.
|
2,374
|
2,475
|
|
Equity LifeStyle Properties, Inc.
|
5,415
|
349
|
|
Equity Residential
|
1,665
|
113
|
|
Essential Properties Realty Trust, Inc.
|
17,389
|
519
|
|
Essex Property Trust, Inc.
|
2,032
|
592
|
|
Extra Space Storage, Inc.
|
5,477
|
796
|
|
First Industrial Realty Trust, Inc.
|
6,024
|
369
|
|
Gaming and Leisure Properties, Inc.
|
4,286
|
191
|
|
Healthcare Realty Trust, Inc.
|
22,221
|
448
|
|
Highwoods Properties, Inc.
|
11,907
|
359
|
|
Hilton Worldwide Holdings, Inc.
|
1,147
|
379
|
|
Host Hotels & Resorts, Inc.
|
20,867
|
495
|
|
Hudson Pacific Properties, Inc.*
|
5,392
|
82
|
|
Invitation Homes, Inc.
|
19,030
|
575
|
|
Iron Mountain, Inc.
|
4,882
|
617
|
|
Janus Living, Inc., Class A-1†
|
18,363
|
528
|
|
Kimco Realty Corp.
|
26,702
|
677
|
|
Kite Realty Group Trust
|
13,070
|
371
|
|
Lamar Advertising Co., Class A
|
2,775
|
433
|
|
Mid-America Apartment Communities,
Inc.
|
3,360
|
467
|
|
NETSTREIT Corp.†
|
19,419
|
410
|
|
Omega Healthcare Investors, Inc.
|
24,320
|
1,160
|
|
Outfront Media, Inc.
|
9,082
|
297
|
|
PACS Group, Inc.*
|
2,930
|
125
|
|
Prologis, Inc.
|
22,459
|
3,042
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.7% (1)continued
|
||
|
United States – 64.5%continued
|
||
|
Public Storage
|
5,355
|
$1,704
|
|
Rayonier, Inc.
|
9,204
|
196
|
|
SBA Communications Corp.
|
449
|
79
|
|
Simon Property Group, Inc.
|
7,579
|
1,695
|
|
Sun Communities, Inc.
|
6,949
|
833
|
|
Tanger, Inc.
|
8,726
|
344
|
|
Terreno Realty Corp.
|
7,406
|
480
|
|
UDR, Inc.
|
9,796
|
391
|
|
Ventas, Inc.
|
10,597
|
941
|
|
Welltower, Inc.
|
23,319
|
5,293
|
|
Wyndham Hotels & Resorts, Inc.
|
3,740
|
315
|
|
|
|
34,733
|
|
Total Common Stocks
|
|
|
|
(Cost $46,949)
|
|
51,509
|
|
|
|
|
|
INVESTMENT COMPANIES – 4.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
626,520
|
627
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
2,026,396
|
2,026
|
|
Total Investment Companies
|
|
|
|
(Cost $2,653)
|
|
2,653
|
|
|
|
|
|
Total Investments – 100.6%
|
|
|
|
(Cost $49,602)
|
|
54,162
|
|
Liabilities less Other Assets – (0.6%)
|
|
(345
)
|
|
Net Assets – 100.0%
|
|
$53,817
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
June 30, 2026 (UNAUDITED)
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Real Estate
|
92.5
%
|
|
Consumer Discretionary
|
2.3
|
|
Health Care
|
0.5
|
|
Information Technology
|
0.4
|
|
Short-Term Investments
|
4.9
|
|
Total Investments
|
100.6
|
|
Liabilities less Other Assets
|
(0.6
)
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Belgium
|
$73
|
$837
|
$—
|
$910
|
|
Canada
|
568
|
—
|
—
|
568
|
|
United States
|
34,733
|
—
|
—
|
34,733
|
|
All Other Countries(1)
|
—
|
15,298
|
—
|
15,298
|
|
Total Common Stocks
|
35,374
|
16,135
|
—
|
51,509
|
|
Investment Companies
|
2,653
|
—
|
—
|
2,653
|
|
Total Investments
|
$38,027
|
$16,135
|
$—
|
$54,162
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$723
|
$4,713
|
$4,809
|
$627
|
626,520
|
$1
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
2,623
|
5,110
|
5,707
|
2,026
|
2,026,396
|
17
|
|
Total
|
$3,346
|
$9,823
|
$10,516
|
$2,653
|
2,652,916
|
$18
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 96.3%
|
||
|
Aerospace & Defense – 1.3%
|
||
|
AAR Corp.*
|
4,494
|
$642
|
|
Astronics Corp.* †
|
5,995
|
487
|
|
Astronics Corp., Class B* †
|
1,199
|
91
|
|
Cadre Holdings, Inc.
|
7,059
|
201
|
|
Ducommun, Inc.*
|
2,580
|
478
|
|
Mercury Systems, Inc.*
|
6,169
|
755
|
|
Moog, Inc., Class A
|
3,176
|
1,346
|
|
National Presto Industries, Inc.
|
787
|
98
|
|
Park Aerospace Corp.
|
2,929
|
112
|
|
V2X, Inc.*
|
2,738
|
204
|
|
VSE Corp.
|
2,948
|
674
|
|
|
|
5,088
|
|
Air Freight & Logistics – 0.0%
|
||
|
Forward Air Corp.*
|
4,238
|
57
|
|
Automobile Components – 1.0%
|
||
|
Adient PLC*
|
11,442
|
210
|
|
Cooper-Standard Holdings, Inc.*
|
1,351
|
37
|
|
Dana, Inc.
|
15,962
|
434
|
|
Dauch Corp.*
|
7,970
|
43
|
|
Dorman Products, Inc.*
|
4,384
|
598
|
|
Garrett Motion, Inc.
|
18,445
|
668
|
|
Gentherm, Inc.*
|
5,138
|
175
|
|
LCI Industries
|
4,542
|
481
|
|
Motorcar Parts of America, Inc.*
|
3,250
|
50
|
|
Patrick Industries, Inc.
|
4,194
|
377
|
|
Phinia, Inc.
|
3,585
|
295
|
|
Standard Motor Products, Inc.
|
2,709
|
106
|
|
Strattec Security Corp.*
|
974
|
79
|
|
Visteon Corp.
|
3,105
|
308
|
|
XPEL, Inc.*
|
1,893
|
94
|
|
|
|
3,955
|
|
Automobiles – 0.1%
|
||
|
Harley-Davidson, Inc.
|
9,737
|
238
|
|
Winnebago Industries, Inc.†
|
5,441
|
170
|
|
|
|
408
|
|
Banks – 9.1%
|
||
|
1st Source Corp.
|
3,846
|
314
|
|
AGI, Inc., Class A*
|
14,930
|
106
|
|
Amalgamated Financial Corp.
|
3,676
|
169
|
|
Ameris Bancorp
|
6,488
|
586
|
|
Ames National Corp.
|
1,040
|
31
|
|
Arrow Financial Corp.
|
3,373
|
138
|
|
Associated Banc-Corp
|
13,948
|
429
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Banks – 9.1%continued
|
||
|
Atlantic Union Bankshares Corp.
|
12,808
|
$542
|
|
Axos Financial, Inc.*
|
8,230
|
801
|
|
Banc of California, Inc.
|
16,023
|
327
|
|
BancFirst Corp.
|
2,690
|
299
|
|
Bank First Corp.
|
1,975
|
293
|
|
Bank of Hawaii Corp.
|
4,094
|
334
|
|
Bank of Marin Bancorp
|
2,253
|
62
|
|
Bank of NT Butterfield & Son (The) Ltd.
|
5,360
|
319
|
|
Bank of South Carolina Corp.
|
4,031
|
68
|
|
Bank7 Corp.
|
5,363
|
262
|
|
BankUnited, Inc.
|
7,866
|
381
|
|
Bankwell Financial Group, Inc.
|
4,559
|
268
|
|
Banner Corp.
|
5,170
|
343
|
|
Bar Harbor Bankshares
|
1,207
|
46
|
|
Beacon Financial Corp.
|
7,789
|
237
|
|
Blue Ridge Bankshares, Inc.
|
25,810
|
91
|
|
Burke & Herbert Financial Services
Corp.
|
1,420
|
102
|
|
Business First Bancshares, Inc.
|
1,912
|
59
|
|
Byline Bancorp, Inc.
|
4,219
|
159
|
|
C&F Financial Corp.
|
977
|
78
|
|
California BanCorp
|
6,120
|
128
|
|
Camden National Corp.
|
2,371
|
129
|
|
Capital City Bank Group, Inc.†
|
1,299
|
64
|
|
Capitol Federal Financial, Inc.
|
14,724
|
125
|
|
Cathay General Bancorp
|
9,590
|
594
|
|
Central Pacific Financial Corp.
|
3,063
|
117
|
|
Chain Bridge Bancorp, Inc., Class A*
|
3,782
|
159
|
|
Chemung Financial Corp.
|
1,732
|
129
|
|
Citizens & Northern Corp.
|
715
|
17
|
|
Citizens Financial Services, Inc.
|
195
|
14
|
|
City Holding Co.
|
2,319
|
308
|
|
Civista Bancshares, Inc.
|
4,787
|
135
|
|
CNB Financial Corp.
|
4,661
|
157
|
|
Colony Bankcorp, Inc.
|
920
|
18
|
|
Columbia Financial, Inc.* †
|
3,136
|
67
|
|
Community Financial System, Inc.
|
5,686
|
382
|
|
Community Trust Bancorp, Inc.
|
1,719
|
124
|
|
Community West Bancshares
|
4,726
|
127
|
|
ConnectOne Bancorp, Inc.
|
2,608
|
87
|
|
Customers Bancorp, Inc.*
|
3,415
|
270
|
|
CVB Financial Corp.
|
18,973
|
428
|
|
Dime Commercial Bancshares, Inc.
|
4,088
|
166
|
|
Eastern Bankshares, Inc.
|
20,323
|
452
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Banks – 9.1%continued
|
||
|
Enterprise Financial Services Corp.
|
3,283
|
$216
|
|
Equity Bancshares, Inc., Class A
|
2,129
|
104
|
|
Esquire Financial Holdings, Inc.
|
790
|
94
|
|
Farmers National Banc Corp.
|
6,803
|
99
|
|
FB Financial Corp.
|
4,098
|
227
|
|
Financial Institutions, Inc.
|
2,755
|
107
|
|
First Bancorp
|
4,932
|
315
|
|
First BanCorp
|
18,758
|
489
|
|
First Bancorp (The), Inc.
|
570
|
20
|
|
First Busey Corp.
|
10,340
|
305
|
|
First Business Financial Services, Inc.
|
745
|
47
|
|
First Commonwealth Financial Corp.
|
17,605
|
358
|
|
First Community Bankshares, Inc.
|
1,965
|
87
|
|
First Community Corp.
|
3,782
|
124
|
|
First Financial Bancorp
|
9,867
|
334
|
|
First Financial Bankshares, Inc.
|
17,608
|
609
|
|
First Financial Corp.
|
1,617
|
125
|
|
First Hawaiian, Inc.
|
11,360
|
333
|
|
First Internet Bancorp
|
1,040
|
29
|
|
First Interstate BancSystem, Inc., Class A
|
8,804
|
339
|
|
First Merchants Corp.
|
12,238
|
535
|
|
First Mid Bancshares, Inc.
|
2,635
|
127
|
|
First U.S. Bancshares, Inc.
|
7,140
|
118
|
|
First United Corp.
|
4,717
|
208
|
|
Firstsun Capital Bancorp*
|
570
|
22
|
|
Five Star Bancorp
|
1,893
|
92
|
|
FS Bancorp, Inc.
|
1,473
|
64
|
|
Fulton Financial Corp.
|
20,594
|
498
|
|
German American Bancorp, Inc.
|
3,250
|
154
|
|
Glacier Bancorp, Inc.
|
13,137
|
678
|
|
Great Southern Bancorp, Inc.†
|
1,043
|
82
|
|
Greene County Bancorp, Inc.
|
3,895
|
131
|
|
Hancock Whitney Corp.
|
10,112
|
756
|
|
Hanmi Financial Corp.
|
3,037
|
98
|
|
Hawthorn Bancshares, Inc.
|
688
|
27
|
|
HBT Financial, Inc.
|
2,834
|
91
|
|
Heritage Financial Corp.
|
4,945
|
146
|
|
Hilltop Holdings, Inc.
|
9,248
|
359
|
|
Home Bancorp, Inc.
|
1,920
|
132
|
|
Home BancShares, Inc.
|
21,721
|
620
|
|
HomeTrust Bancshares, Inc.
|
2,342
|
117
|
|
Hope Bancorp, Inc.
|
12,570
|
172
|
|
Horizon Bancorp, Inc.
|
4,972
|
99
|
|
Independent Bank Corp.
|
1,893
|
68
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Banks – 9.1%continued
|
||
|
Independent Bank Corp. (NASDAQ
Global Select)
|
7,097
|
$594
|
|
International Bancshares Corp.
|
7,480
|
568
|
|
Investar Holding Corp.
|
6,730
|
202
|
|
Jeffersonville Bancorp
|
514
|
14
|
|
Kearny Financial Corp.
|
14,860
|
141
|
|
Kentucky First Federal Bancorp*
|
942
|
5
|
|
Lakeland Financial Corp.
|
2,928
|
181
|
|
Magyar Bancorp, Inc.
|
973
|
17
|
|
Mechanics Bancorp, Class A
|
2,880
|
46
|
|
Mercantile Bank Corp.
|
3,547
|
204
|
|
Metrocity Bankshares, Inc.
|
2,365
|
85
|
|
Metropolitan Bank Holding Corp.
|
1,102
|
109
|
|
Mid Penn Bancorp, Inc.
|
654
|
23
|
|
NASB Financial, Inc.
|
664
|
27
|
|
National Bank Holdings Corp., Class A
|
4,049
|
180
|
|
National Bankshares, Inc.
|
544
|
20
|
|
NB Bancorp, Inc.
|
4,467
|
94
|
|
NBT Bancorp, Inc.
|
6,394
|
316
|
|
Nicolet Bankshares, Inc.
|
2,100
|
347
|
|
Northeast Bank
|
1,372
|
182
|
|
Northeast Community Bancorp, Inc.
|
1,637
|
45
|
|
Northfield Bancorp, Inc.
|
9,680
|
143
|
|
Northrim BanCorp, Inc.
|
4,093
|
113
|
|
Northwest Bancshares, Inc.
|
14,955
|
227
|
|
Norwood Financial Corp.
|
676
|
22
|
|
OceanFirst Financial Corp.
|
9,145
|
179
|
|
OFG Bancorp
|
6,478
|
318
|
|
Ohio Valley Banc Corp.
|
997
|
43
|
|
Old Second Bancorp, Inc.
|
1,627
|
38
|
|
Orrstown Financial Services, Inc.
|
1,732
|
71
|
|
Park National Corp.
|
1,791
|
328
|
|
Pathward Financial, Inc.
|
2,216
|
193
|
|
Peoples Bancorp of North Carolina,
Inc.
|
951
|
41
|
|
Peoples Bancorp, Inc.
|
3,962
|
152
|
|
Peoples Financial Corp.
|
201
|
4
|
|
Peoples Financial Services Corp.
|
2,584
|
171
|
|
Preferred Bank
|
2,329
|
247
|
|
Primis Financial Corp.
|
457
|
7
|
|
Provident Financial Services, Inc.
|
14,515
|
343
|
|
QCR Holdings, Inc.
|
1,491
|
145
|
|
Renasant Corp.
|
10,395
|
442
|
|
Republic Bancorp, Inc., Class A
|
1,942
|
176
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Banks – 9.1%continued
|
||
|
S&T Bancorp, Inc.
|
4,397
|
$216
|
|
Seacoast Banking Corp. of Florida
|
9,738
|
324
|
|
ServisFirst Bancshares, Inc.
|
4,919
|
427
|
|
Shore Bancshares, Inc.
|
5,336
|
122
|
|
Sierra Bancorp
|
3,586
|
146
|
|
Simmons First National Corp., Class A
|
11,561
|
262
|
|
SmartFinancial, Inc.
|
1,574
|
74
|
|
South Plains Financial, Inc.
|
1,420
|
61
|
|
Southern First Bancshares, Inc.*
|
2,735
|
167
|
|
Southern Missouri Bancorp, Inc.
|
430
|
33
|
|
Southside Bancshares, Inc.
|
3,001
|
106
|
|
Stellar Bancorp, Inc.
|
5,663
|
223
|
|
Stock Yards Bancorp, Inc.
|
3,798
|
290
|
|
Texas Capital Bancshares, Inc.
|
5,344
|
552
|
|
Third Coast Bancshares, Inc.*
|
2,676
|
108
|
|
Timberland Bancorp, Inc.
|
1,118
|
50
|
|
Tompkins Financial Corp.
|
1,469
|
139
|
|
Towne Bank
|
7,837
|
284
|
|
TriCo Bancshares
|
3,025
|
163
|
|
TrustCo Bank Corp. NY
|
1,551
|
85
|
|
Trustmark Corp.
|
7,705
|
354
|
|
UMB Financial Corp.
|
7,386
|
1,054
|
|
United Bankshares, Inc.
|
15,246
|
699
|
|
United Community Banks, Inc.
|
13,787
|
484
|
|
Unity Bancorp, Inc.
|
1,453
|
85
|
|
Univest Financial Corp.
|
3,328
|
146
|
|
Virginia National Bankshares Corp.
|
98
|
4
|
|
WaFd, Inc.
|
6,942
|
266
|
|
Washington Trust Bancorp, Inc.
|
5,816
|
212
|
|
WesBanco, Inc.
|
8,627
|
337
|
|
West BanCorp, Inc.
|
797
|
21
|
|
Westamerica BanCorp
|
3,695
|
217
|
|
Western New England Bancorp, Inc.
|
5,310
|
76
|
|
WSFS Financial Corp.
|
10,395
|
798
|
|
|
|
36,184
|
|
Beverages – 0.2%
|
||
|
Boston Beer (The) Co., Inc., Class A*
|
966
|
171
|
|
MGP Ingredients, Inc.
|
2,027
|
36
|
|
National Beverage Corp.*
|
9,674
|
302
|
|
Vita Coco (The) Co., Inc.*
|
5,840
|
386
|
|
|
|
895
|
|
Biotechnology – 9.7%
|
||
|
4D Molecular Therapeutics, Inc.*
|
5,842
|
78
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Biotechnology – 9.7%continued
|
||
|
Abeona Therapeutics, Inc.* †
|
14,806
|
$92
|
|
ACADIA Pharmaceuticals, Inc.*
|
12,644
|
320
|
|
Achieve Life Sciences, Inc.* †
|
24,203
|
158
|
|
ADMA Biologics, Inc.*
|
26,602
|
223
|
|
Agios Pharmaceuticals, Inc.*
|
3,155
|
117
|
|
Aktis Oncology, Inc.*
|
5,193
|
167
|
|
Alkermes PLC*
|
17,472
|
915
|
|
Allogene Therapeutics, Inc.*
|
17,728
|
37
|
|
Altimmune, Inc.*
|
7,696
|
23
|
|
ALX Oncology Holdings, Inc.*
|
15,752
|
33
|
|
AnaptysBio, Inc.*
|
7,064
|
477
|
|
Anavex Life Sciences Corp.* †
|
14,396
|
37
|
|
Anbio Biotechnology Ltd.*
|
7,140
|
98
|
|
Annexon, Inc.*
|
4,014
|
23
|
|
Apogee Therapeutics, Inc.*
|
6,356
|
844
|
|
Aravive, Inc.(1) *
|
8,839
|
—
|
|
Arbutus Biopharma Corp.*
|
5,236
|
25
|
|
Arcus Biosciences, Inc.*
|
10,250
|
316
|
|
Arcutis Biotherapeutics, Inc.*
|
11,871
|
311
|
|
Ardelyx, Inc.*
|
23,294
|
119
|
|
ArriVent Biopharma, Inc.*
|
4,130
|
143
|
|
Assembly Biosciences, Inc.* †
|
4,808
|
132
|
|
Aura Biosciences, Inc.*
|
14,689
|
104
|
|
Aurinia Pharmaceuticals, Inc.*
|
13,246
|
225
|
|
Beam Therapeutics, Inc.*
|
9,737
|
334
|
|
Bicara Therapeutics, Inc.*
|
6,167
|
183
|
|
BioCryst Pharmaceuticals, Inc.*
|
28,705
|
287
|
|
BridgeBio Oncology Therapeutics, Inc.*
†
|
15,579
|
119
|
|
C4 Therapeutics, Inc.* †
|
4,313
|
20
|
|
Cabaletta Bio, Inc.* †
|
8,572
|
27
|
|
Capricor Therapeutics, Inc.* †
|
14,045
|
338
|
|
CareDx, Inc.*
|
5,041
|
144
|
|
Catalyst Pharmaceuticals, Inc.*
|
22,807
|
717
|
|
Celcuity, Inc.* †
|
11,046
|
1,156
|
|
Celldex Therapeutics, Inc.*
|
5,979
|
223
|
|
CG oncology, Inc.*
|
7,725
|
549
|
|
Climb Bio, Inc.*
|
9,738
|
127
|
|
Cogent Biosciences, Inc.*
|
20,785
|
804
|
|
Coherus Oncology, Inc.* †
|
9,355
|
13
|
|
CRISPR Therapeutics A.G.* †
|
7,857
|
429
|
|
Cullinan Therapeutics, Inc.*
|
7,121
|
130
|
|
Cytokinetics, Inc.*
|
16,196
|
1,380
|
|
CytomX Therapeutics, Inc.*
|
38,231
|
143
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Biotechnology – 9.7%continued
|
||
|
Denali Therapeutics, Inc.*
|
13,153
|
$338
|
|
Design Therapeutics, Inc.* †
|
15,746
|
228
|
|
DiaMedica Therapeutics, Inc.* †
|
13,097
|
92
|
|
Dianthus Therapeutics, Inc.* †
|
4,193
|
409
|
|
Disc Medicine, Inc.*
|
1,453
|
106
|
|
Dyne Therapeutics, Inc.*
|
10,250
|
228
|
|
Editas Medicine, Inc.*
|
5,280
|
17
|
|
Elicio Therapeutics, Inc.* †
|
10,086
|
39
|
|
Emergent BioSolutions, Inc.* †
|
6,544
|
55
|
|
Enanta Pharmaceuticals, Inc.*
|
9,345
|
136
|
|
Entrada Therapeutics, Inc.*
|
9,380
|
69
|
|
Erasca, Inc.*
|
26,817
|
491
|
|
Foghorn Therapeutics, Inc.*
|
6,629
|
32
|
|
Geron Corp.*
|
16,912
|
22
|
|
GRAIL, Inc.*
|
3,895
|
266
|
|
Greenwich Lifesciences, Inc.*
|
4,500
|
106
|
|
Gyre Therapeutics, Inc.* †
|
6,593
|
43
|
|
Ideaya Biosciences, Inc.*
|
8,114
|
302
|
|
Immatics N.V.*
|
6,320
|
64
|
|
Immix Biopharma, Inc.* †
|
14,396
|
148
|
|
ImmunityBio, Inc.* †
|
101,687
|
890
|
|
Immunome, Inc.*
|
8,092
|
171
|
|
Immunovant, Inc.*
|
18,545
|
715
|
|
Inhibrx Biosciences, Inc.*
|
6,439
|
610
|
|
Intellia Therapeutics, Inc.* †
|
12,982
|
220
|
|
Iovance Biotherapeutics, Inc.* †
|
41,868
|
174
|
|
Ironwood Pharmaceuticals, Inc.*
|
27,227
|
115
|
|
Kiniksa Pharmaceuticals International
PLC*
|
7,140
|
457
|
|
Kodiak Sciences, Inc.*
|
5,518
|
215
|
|
Krystal Biotech, Inc.*
|
3,122
|
1,160
|
|
Kura Oncology, Inc.*
|
11,496
|
126
|
|
Kymera Therapeutics, Inc.*
|
7,280
|
835
|
|
Larimar Therapeutics, Inc.*
|
375
|
1
|
|
Lexeo Therapeutics, Inc.*
|
4,594
|
21
|
|
MacroGenics, Inc.* †
|
5,496
|
25
|
|
MannKind Corp.*
|
24,803
|
106
|
|
MapLight Therapeutics, Inc.* †
|
3,895
|
140
|
|
MediciNova, Inc.*
|
13,894
|
18
|
|
MeiraGTx Holdings PLC*
|
8,584
|
116
|
|
Merrimack Pharmaceuticals, Inc.(1) * †
|
7,504
|
—
|
|
MiMedx Group, Inc.*
|
9,020
|
35
|
|
Mineralys Therapeutics, Inc.*
|
6,075
|
164
|
|
Mirum Pharmaceuticals, Inc.*
|
8,530
|
999
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Biotechnology – 9.7%continued
|
||
|
Monte Rosa Therapeutics, Inc.*
|
8,102
|
$196
|
|
MoonLake Immunotherapeutics*
|
6,816
|
133
|
|
Neurogene, Inc.*
|
2,329
|
73
|
|
Newamsterdam Pharma Co. N.V.*
|
11,035
|
374
|
|
Novavax, Inc.* †
|
13,530
|
127
|
|
Nurix Therapeutics, Inc.*
|
3,880
|
94
|
|
Nuvalent, Inc., Class A*
|
7,090
|
876
|
|
Olema Pharmaceuticals, Inc.*
|
13,191
|
165
|
|
Organogenesis Holdings, Inc.* †
|
5,537
|
13
|
|
ORIC Pharmaceuticals, Inc.*
|
14,277
|
155
|
|
PDL BioPharma, Inc.(1) *
|
24,608
|
8
|
|
Perspective Therapeutics, Inc.*
|
5,998
|
20
|
|
Pieris Pharmaceuticals, Inc.*
|
1,298
|
198
|
|
Praxis Precision Medicines, Inc.*
|
2,590
|
867
|
|
Precigen, Inc.*
|
61,286
|
349
|
|
Prime Medicine, Inc.* †
|
11,401
|
42
|
|
ProKidney Corp.* †
|
5,668
|
12
|
|
Protagonist Therapeutics, Inc.*
|
7,556
|
926
|
|
Prothena Corp. PLC*
|
3,644
|
36
|
|
PTC Therapeutics, Inc.*
|
7,119
|
581
|
|
Recursion Pharmaceuticals, Inc.,
Class A* †
|
49,982
|
183
|
|
REGENXBIO, Inc.*
|
9,807
|
118
|
|
Relay Therapeutics, Inc.*
|
10,208
|
191
|
|
Replimune Group, Inc.*
|
10,880
|
120
|
|
Rezolute, Inc.*
|
21,589
|
112
|
|
Rhythm Pharmaceuticals, Inc.*
|
5,518
|
613
|
|
Sarepta Therapeutics, Inc.*
|
10,061
|
181
|
|
Savara, Inc.*
|
4,726
|
29
|
|
Scholar Rock Holding Corp.*
|
10,563
|
581
|
|
SELLAS Life Sciences Group, Inc.* †
|
17,526
|
259
|
|
Shattuck Labs, Inc.* †
|
3,786
|
26
|
|
Sionna Therapeutics, Inc.*
|
4,219
|
186
|
|
Solid Biosciences, Inc.*
|
372
|
4
|
|
Spyre Therapeutics, Inc.*
|
2,806
|
249
|
|
Stoke Therapeutics, Inc.* †
|
8,594
|
281
|
|
Sutro Biopharma, Inc.*
|
252
|
8
|
|
Syndax Pharmaceuticals, Inc.*
|
8,439
|
184
|
|
Tango Therapeutics, Inc.*
|
17,328
|
542
|
|
Taysha Gene Therapies, Inc.*
|
26,939
|
183
|
|
TG Therapeutics, Inc.*
|
14,482
|
796
|
|
Travere Therapeutics, Inc.*
|
8,867
|
504
|
|
Twist Bioscience Corp.*
|
5,842
|
601
|
|
Tyra Biosciences, Inc.*
|
4,207
|
134
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Biotechnology – 9.7%continued
|
||
|
Ultragenyx Pharmaceutical, Inc.*
|
8,375
|
$280
|
|
uniQure N.V.*
|
5,842
|
269
|
|
UroGen Pharma Ltd.*
|
11,210
|
413
|
|
Vanda Pharmaceuticals, Inc.*
|
6,658
|
41
|
|
Vaxcyte, Inc.*
|
16,144
|
938
|
|
Vera Therapeutics, Inc.*
|
6,816
|
292
|
|
Veracyte, Inc.*
|
7,886
|
463
|
|
Vericel Corp.*
|
5,299
|
236
|
|
Viking Therapeutics, Inc.* †
|
11,035
|
430
|
|
Vir Biotechnology, Inc.*
|
15,903
|
162
|
|
Viridian Therapeutics, Inc.*
|
10,386
|
191
|
|
Xencor, Inc.*
|
3,460
|
56
|
|
Xenon Pharmaceuticals, Inc.*
|
8,913
|
538
|
|
XOMA Royalty Corp.*
|
6,092
|
259
|
|
Zenas Biopharma, Inc.* †
|
5,842
|
148
|
|
Zymeworks, Inc.*
|
4,478
|
117
|
|
|
|
38,807
|
|
Broadline Retail – 0.1%
|
||
|
Kohl's Corp.
|
10,710
|
190
|
|
Savers Value Village, Inc.*
|
14,348
|
145
|
|
|
|
335
|
|
Building Products – 1.2%
|
||
|
Apogee Enterprises, Inc.
|
3,978
|
182
|
|
AZZ, Inc.
|
2,732
|
424
|
|
CSW Industrials, Inc.
|
1,675
|
466
|
|
Gibraltar Industries, Inc.*
|
4,468
|
201
|
|
Griffon Corp.
|
6,456
|
630
|
|
Hayward Holdings, Inc.*
|
20,447
|
354
|
|
Insteel Industries, Inc.†
|
4,800
|
145
|
|
Masterbrand, Inc.*
|
9,305
|
96
|
|
Quanex Building Products Corp.
|
3,782
|
70
|
|
Resideo Technologies, Inc.*
|
15,697
|
488
|
|
Tecnoglass, Inc.
|
4,587
|
215
|
|
UFP Industries, Inc.
|
8,015
|
727
|
|
Zurn Elkay Water Solutions Corp.
|
16,619
|
840
|
|
|
|
4,838
|
|
Capital Markets – 2.2%
|
||
|
Acadian Asset Management, Inc.
|
3,244
|
232
|
|
Artisan Partners Asset Management,
Inc., Class A
|
5,486
|
189
|
|
Associated Capital Group, Inc., Class A
|
1,656
|
59
|
|
BGC Group, Inc., Class A
|
44,916
|
480
|
|
BRC Group Holdings, Inc.* †
|
1,778
|
14
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Capital Markets – 2.2%continued
|
||
|
Bullish* †
|
13,956
|
$327
|
|
Capital Southwest Corp.†
|
4,954
|
118
|
|
Cohen & Steers, Inc.
|
4,868
|
371
|
|
Coincheck Group N.V.* †
|
17,003
|
38
|
|
DigitalBridge Group, Inc.
|
17,563
|
277
|
|
Etoro Group Ltd., Class A*
|
7,731
|
305
|
|
Fidus Investment Corp.†
|
6,167
|
118
|
|
FS K.K.R Capital Corp.†
|
26,289
|
276
|
|
GAMCO Investors, Inc., Class A
|
5,044
|
120
|
|
Gemini Space Station, Inc., Class A* †
|
24,667
|
105
|
|
Golub Capital BDC, Inc.
|
24,342
|
313
|
|
Hamilton Lane, Inc., Class A
|
4,219
|
333
|
|
Lazard, Inc.†
|
9,088
|
381
|
|
MarketAxess Holdings, Inc.
|
3,246
|
368
|
|
Miami International Holdings, Inc.*
|
7,731
|
287
|
|
Moelis & Co., Class A
|
6,987
|
457
|
|
Morgan Stanley Direct Lending Fund†
|
8,079
|
122
|
|
Oaktree Specialty Lending Corp.†
|
7,987
|
95
|
|
Piper Sandler Cos.
|
9,574
|
693
|
|
PJT Partners, Inc., Class A
|
2,612
|
394
|
|
SLR Investment Corp.
|
8,763
|
108
|
|
StepStone Group, Inc., Class A
|
5,531
|
229
|
|
StoneX Group, Inc.*
|
8,556
|
1,014
|
|
Victory Capital Holdings, Inc., Class A
|
7,644
|
643
|
|
Virtus Investment Partners, Inc.
|
722
|
104
|
|
WisdomTree, Inc.
|
10,434
|
177
|
|
|
|
8,747
|
|
Chemicals – 2.0%
|
||
|
AdvanSix, Inc.
|
2,959
|
59
|
|
Alto Ingredients, Inc.*
|
6,694
|
38
|
|
Ashland, Inc.
|
4,117
|
271
|
|
Aspen Aerogels, Inc.*
|
3,125
|
20
|
|
Avient Corp.
|
10,105
|
374
|
|
Balchem Corp.
|
3,927
|
663
|
|
Cabot Corp.
|
6,935
|
630
|
|
Chemours (The) Co.
|
13,662
|
280
|
|
Flotek Industries, Inc.*
|
4,868
|
115
|
|
H.B. Fuller Co.
|
7,860
|
458
|
|
Hawkins, Inc.
|
5,016
|
713
|
|
Huntsman Corp.
|
15,714
|
167
|
|
Ingevity Corp.*
|
5,051
|
377
|
|
Innospec, Inc.
|
2,941
|
239
|
|
Intrepid Potash, Inc.*
|
609
|
20
|
|
Koppers Holdings, Inc.
|
5,190
|
233
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Chemicals – 2.0%continued
|
||
|
Kronos Worldwide, Inc.
|
3,212
|
$20
|
|
LSB Industries, Inc.*
|
4,054
|
44
|
|
Mativ Holdings, Inc.
|
9,292
|
70
|
|
Minerals Technologies, Inc.
|
4,671
|
346
|
|
Olin Corp.
|
10,710
|
212
|
|
Orion S.A.
|
5,113
|
34
|
|
Perimeter Solutions, Inc.*
|
13,323
|
475
|
|
Quaker Chemical Corp.
|
2,500
|
397
|
|
Rayonier Advanced Materials, Inc.*
|
14,281
|
112
|
|
Scotts Miracle-Gro (The) Co.
|
5,518
|
376
|
|
Sensient Technologies Corp.
|
5,460
|
673
|
|
Stepan Co.
|
5,258
|
293
|
|
Tronox Holdings PLC
|
27,877
|
176
|
|
|
|
7,885
|
|
Commercial Services & Supplies – 1.6%
|
||
|
ABM Industries, Inc.
|
8,118
|
359
|
|
ACCO Brands Corp.
|
12,913
|
54
|
|
ACV Auctions, Inc., Class A*
|
31,362
|
226
|
|
Brady Corp., Class A
|
4,544
|
416
|
|
Brink's (The) Co.
|
5,914
|
559
|
|
Casella Waste Systems, Inc., Class A*
|
5,331
|
517
|
|
Cimpress PLC*
|
3,254
|
331
|
|
Civeo Corp.*
|
239
|
8
|
|
CompX International, Inc.
|
1,837
|
46
|
|
CoreCivic, Inc.*
|
13,410
|
407
|
|
Deluxe Corp.
|
5,438
|
130
|
|
Ennis, Inc.
|
3,897
|
83
|
|
GEO Group (The), Inc.*
|
13,137
|
388
|
|
Healthcare Services Group, Inc.*
|
6,491
|
159
|
|
HNI Corp.
|
8,401
|
340
|
|
Interface, Inc.
|
5,689
|
204
|
|
Liquidity Services, Inc.*
|
3,047
|
119
|
|
Millerknoll, Inc.
|
17,841
|
365
|
|
NLI Holdings, Inc.
|
5,258
|
31
|
|
Onterris, Inc.*
|
6,816
|
138
|
|
OPENLANE, Inc.*
|
15,897
|
656
|
|
Perma-Fix Environmental Services, Inc.*
|
1,043
|
15
|
|
Pitney Bowes, Inc.
|
18,104
|
317
|
|
Quad/Graphics, Inc.
|
1,820
|
15
|
|
UniFirst Corp.
|
1,843
|
487
|
|
Vestis Corp.*
|
12,333
|
179
|
|
|
|
6,549
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Communications Equipment – 1.3%
|
||
|
ADTRAN Holdings, Inc.*
|
13,154
|
$183
|
|
Aviat Networks, Inc.*
|
1,856
|
41
|
|
BK Technologies Corp.*
|
264
|
23
|
|
Calix, Inc.*
|
10,535
|
393
|
|
Clearfield, Inc.*
|
3,024
|
120
|
|
Digi International, Inc.*
|
6,671
|
500
|
|
Extreme Networks, Inc.*
|
12,711
|
411
|
|
Gilat Satellite Networks Ltd.* †
|
7,409
|
99
|
|
Harmonic, Inc.*
|
11,735
|
192
|
|
Ituran Location and Control Ltd.
|
4,177
|
255
|
|
NETGEAR, Inc.*
|
8,536
|
199
|
|
NetScout Systems, Inc.*
|
9,065
|
395
|
|
Ondas, Inc.* †
|
78,219
|
644
|
|
Ribbon Communications, Inc.*
|
3,698
|
9
|
|
Viasat, Inc.*
|
17,030
|
1,529
|
|
Vistance Networks, Inc.*
|
22,140
|
283
|
|
|
|
5,276
|
|
Construction & Engineering – 2.0%
|
||
|
Arcosa, Inc.
|
6,787
|
986
|
|
Argan, Inc.
|
2,252
|
1,798
|
|
Bowman Consulting Group Ltd.*
|
3,570
|
104
|
|
Cardinal Infrastructure Group, Inc.,
Class A* †
|
1,623
|
153
|
|
Centuri Holdings, Inc.*
|
8,024
|
243
|
|
Construction Partners, Inc., Class A*
|
4,819
|
572
|
|
Fluor Corp.*
|
17,247
|
904
|
|
Granite Construction, Inc.
|
6,778
|
1,071
|
|
Limbach Holdings, Inc.*
|
1,020
|
79
|
|
Matrix Service Co.* †
|
6,675
|
91
|
|
MYR Group, Inc.*
|
1,952
|
977
|
|
NWPX Infrastructure, Inc.*
|
3,270
|
490
|
|
Orion Group Holdings, Inc.*
|
1,996
|
34
|
|
Tutor Perini Corp.
|
5,063
|
420
|
|
|
|
7,922
|
|
Construction Materials – 0.3%
|
||
|
Knife River Corp.*
|
5,612
|
469
|
|
Suncrete, Inc., Class A* †
|
5,842
|
132
|
|
Titan America S.A.*
|
16,107
|
301
|
|
United States Lime & Minerals, Inc.
|
4,120
|
431
|
|
|
|
1,333
|
|
Consumer Finance – 1.5%
|
||
|
Antalpha Platform Holding Co.,
Class A* †
|
7,823
|
37
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Consumer Finance – 1.5%continued
|
||
|
Atlanticus Holdings Corp.*
|
823
|
$84
|
|
Bread Financial Holdings, Inc.
|
5,283
|
572
|
|
Dave, Inc.*
|
1,195
|
445
|
|
Encore Capital Group, Inc.*
|
4,213
|
393
|
|
Enova International, Inc.*
|
3,025
|
728
|
|
EZCORP, Inc., Class A*
|
4,510
|
156
|
|
FirstCash Holdings, Inc.
|
5,112
|
1,106
|
|
Green Dot Corp., Class A*
|
6,891
|
93
|
|
Happen, Inc.*
|
8,000
|
166
|
|
Medallion Financial Corp.
|
836
|
9
|
|
Navient Corp.
|
20,745
|
177
|
|
Nelnet, Inc., Class A
|
4,197
|
560
|
|
PRA Group, Inc.*
|
6,282
|
119
|
|
PROG Holdings, Inc.
|
8,888
|
414
|
|
SLM Corp.
|
17,851
|
463
|
|
Upstart Holdings, Inc.*
|
8,021
|
284
|
|
World Acceptance Corp.*
|
1,076
|
241
|
|
|
|
6,047
|
|
Consumer Staples Distribution & Retail – 0.5%
|
||
|
Andersons (The), Inc.
|
2,461
|
168
|
|
Chefs' Warehouse (The), Inc.*
|
3,908
|
375
|
|
Grocery Outlet Holding Corp.*
|
9,145
|
91
|
|
Ingles Markets, Inc., Class A
|
3,437
|
304
|
|
Natural Grocers by Vitamin Cottage,
Inc.
|
1,122
|
35
|
|
PriceSmart, Inc.
|
2,574
|
503
|
|
United Natural Foods, Inc.*
|
5,296
|
242
|
|
Village Super Market, Inc., Class A
|
1,158
|
49
|
|
Weis Markets, Inc.†
|
2,906
|
228
|
|
|
|
1,995
|
|
Containers & Packaging – 0.5%
|
||
|
Ardagh Metal Packaging S.A.
|
58,918
|
279
|
|
Graphic Packaging Holding Co.
|
27,912
|
295
|
|
Greif, Inc., Class A
|
5,310
|
395
|
|
Myers Industries, Inc.
|
4,241
|
150
|
|
O-I Glass, Inc.*
|
27,179
|
262
|
|
Silgan Holdings, Inc.
|
10,061
|
467
|
|
TriMas Corp.
|
5,901
|
266
|
|
|
|
2,114
|
|
Distributors – 0.1%
|
||
|
Gold.com, Inc.
|
6,079
|
253
|
|
Weyco Group, Inc.
|
2,585
|
102
|
|
|
|
355
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Diversified Consumer Services – 1.3%
|
||
|
Afya Ltd., Class A
|
8,161
|
$121
|
|
American Public Education, Inc.*
|
3,550
|
191
|
|
Bright Horizons Family Solutions, Inc.*
|
4,868
|
345
|
|
Coursera, Inc.*
|
24,823
|
140
|
|
Covista, Inc.*
|
7,879
|
982
|
|
Driven Brands Holdings, Inc.*
|
15,665
|
218
|
|
Frontdoor, Inc.*
|
6,858
|
532
|
|
Graham Holdings Co., Class B
|
564
|
644
|
|
Laureate Education, Inc.*
|
12,966
|
471
|
|
Lincoln Educational Services Corp.*
|
2,921
|
146
|
|
Matthews International Corp., Class A
|
4,497
|
121
|
|
McGraw Hill, Inc.*
|
17,851
|
169
|
|
OneSpaWorld Holdings Ltd.
|
9,397
|
265
|
|
Perdoceo Education Corp.
|
6,233
|
200
|
|
Strategic Education, Inc.
|
2,709
|
208
|
|
Stride, Inc.*
|
4,130
|
356
|
|
Universal Technical Institute, Inc.*
|
5,287
|
226
|
|
|
|
5,335
|
|
Diversified Real Estate Investment Trusts – 0.4%
|
||
|
AH Realty Trust, Inc.
|
3,692
|
26
|
|
American Assets Trust, Inc.
|
5,350
|
132
|
|
Broadstone Net Lease, Inc.
|
24,186
|
500
|
|
CTO Realty Growth, Inc.
|
7,209
|
155
|
|
Essential Properties Realty Trust, Inc.
|
18,787
|
561
|
|
Gladstone Commercial Corp.
|
12,502
|
154
|
|
Global Net Lease, Inc.
|
18,477
|
165
|
|
|
|
1,693
|
|
Diversified Telecommunication Services – 0.4%
|
||
|
Anterix, Inc.*
|
5,005
|
515
|
|
ATN International, Inc.
|
1,460
|
39
|
|
Bandwidth, Inc., Class A*
|
1,863
|
118
|
|
IDT Corp., Class B
|
3,279
|
191
|
|
IHS Holding Ltd.*
|
30,603
|
252
|
|
Liberty Latin America Ltd., Class C*
|
10,217
|
80
|
|
LICT Corp.*
|
6
|
70
|
|
Shenandoah Telecommunications Co.
|
5,592
|
84
|
|
Uniti Group, Inc.*
|
22,719
|
260
|
|
|
|
1,609
|
|
Electric Utilities – 0.6%
|
||
|
Hawaiian Electric Industries, Inc.*
|
15,714
|
213
|
|
MGE Energy, Inc.
|
5,260
|
429
|
|
Otter Tail Corp.
|
6,404
|
576
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Electric Utilities – 0.6%continued
|
||
|
Portland General Electric Co.
|
12,354
|
$640
|
|
TXNM Energy, Inc. (New York Stock
Exchange)
|
8,946
|
508
|
|
|
|
2,366
|
|
Electrical Equipment – 0.9%
|
||
|
Allient, Inc.
|
2,609
|
269
|
|
American Superconductor Corp.*
|
4,489
|
186
|
|
Array Technologies, Inc.* †
|
16,371
|
121
|
|
Atkore, Inc.
|
5,525
|
420
|
|
Babcock & Wilcox Enterprises, Inc.*
|
5,222
|
74
|
|
EnerSys
|
5,138
|
1,201
|
|
LSI Industries, Inc.
|
7,507
|
200
|
|
Plug Power, Inc.* †
|
65,393
|
177
|
|
Power Solutions International, Inc.*
|
2,255
|
88
|
|
Preformed Line Products Co.
|
1,163
|
478
|
|
Shoals Technologies Group, Inc.,
Class A*
|
18,516
|
183
|
|
|
|
3,397
|
|
Electronic Equipment, Instruments & Components – 3.3%
|
||
|
908 Devices, Inc.*
|
10,903
|
95
|
|
Arlo Technologies, Inc.*
|
7,268
|
98
|
|
Badger Meter, Inc.†
|
3,405
|
505
|
|
Bel Fuse, Inc., Class B
|
3,263
|
1,087
|
|
Belden, Inc.
|
4,439
|
532
|
|
Benchmark Electronics, Inc.
|
5,773
|
570
|
|
Climb Global Solutions, Inc.†
|
13,687
|
318
|
|
Crane NXT Co.
|
5,518
|
282
|
|
CTS Corp.
|
3,237
|
211
|
|
Daktronics, Inc.*
|
10,480
|
205
|
|
ePlus, Inc.
|
6,481
|
539
|
|
Frequency Electronics, Inc.*
|
4,226
|
280
|
|
Insight Enterprises, Inc.*
|
5,744
|
700
|
|
Itron, Inc.*
|
5,277
|
457
|
|
Kimball Electronics, Inc.*
|
3,185
|
82
|
|
Knowles Corp.*
|
8,920
|
370
|
|
Methode Electronics, Inc.(2)
|
5,035
|
95
|
|
Mirion Technologies, Inc.*
|
32,897
|
590
|
|
M-Tron Industries, Inc.*
|
2,214
|
220
|
|
Napco Security Technologies, Inc.
|
3,244
|
123
|
|
nLight, Inc.*
|
7,644
|
532
|
|
Novanta, Inc.*
|
4,404
|
714
|
|
OSI Systems, Inc.*
|
3,244
|
709
|
|
PC Connection, Inc.
|
4,104
|
300
|
|
Plexus Corp.*
|
3,721
|
1,119
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Electronic Equipment, Instruments & Components – 3.3%continued
|
||
|
Powerfleet, Inc. NJ*
|
1,546
|
$6
|
|
Rogers Corp.*
|
2,162
|
354
|
|
ScanSource, Inc.*
|
2,861
|
149
|
|
SmartRent, Inc.* †
|
72,438
|
86
|
|
Unusual Machines, Inc.* †
|
6,094
|
136
|
|
Vishay Intertechnology, Inc.
|
12,905
|
694
|
|
Vishay Precision Group, Inc.*
|
3,569
|
535
|
|
Vontier Corp.
|
13,307
|
386
|
|
|
|
13,079
|
|
Energy Equipment & Services – 2.0%
|
||
|
Archrock, Inc.
|
16,306
|
664
|
|
Atlas Energy Solutions, Inc.†
|
11,271
|
187
|
|
Borr Drilling Ltd.*
|
24,667
|
102
|
|
Bristow Group, Inc.
|
4,223
|
174
|
|
Cactus, Inc., Class A
|
6,704
|
343
|
|
Core Laboratories, Inc.
|
8,763
|
102
|
|
Expro Group Holdings N.V.*
|
11,035
|
163
|
|
Forum Energy Technologies, Inc.*
|
416
|
21
|
|
Helix Energy Solutions Group, Inc.*
|
22,710
|
198
|
|
Helmerich & Payne, Inc.
|
10,775
|
353
|
|
Innovex International, Inc.*
|
3,913
|
97
|
|
Kodiak Gas Services, Inc.
|
9,271
|
697
|
|
Liberty Energy, Inc.
|
15,794
|
414
|
|
Nabors Industries Ltd.*
|
1,092
|
92
|
|
National Energy Services Reunited
Corp.*
|
9,412
|
282
|
|
Natural Gas Services Group, Inc.
|
2,322
|
100
|
|
Next Bridge Hydrocarbons, Inc.(1) (3) *
|
2,700
|
—
|
|
Noble Corp. PLC
|
17,050
|
636
|
|
Oceaneering International, Inc.*
|
11,091
|
449
|
|
Oil States International, Inc.*
|
3,818
|
31
|
|
Patterson-UTI Energy, Inc.
|
38,704
|
355
|
|
ProFrac Holding Corp., Class A*
|
14,451
|
84
|
|
ProPetro Holding Corp.*
|
6,566
|
94
|
|
RPC, Inc.
|
25,542
|
149
|
|
Seadrill Ltd.*
|
5,489
|
208
|
|
Solaris Energy Infrastructure, Inc.
|
5,631
|
453
|
|
TETRA Technologies, Inc.*
|
7,528
|
85
|
|
Tidewater, Inc.*
|
5,821
|
388
|
|
Transocean Ltd.* †
|
97,706
|
478
|
|
Valaris Ltd.*
|
6,710
|
487
|
|
|
|
7,886
|
|
Entertainment – 0.7%
|
||
|
Atlanta Braves Holdings, Inc., Class C*
|
12,831
|
666
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Entertainment – 0.7%continued
|
||
|
Cinemark Holdings, Inc.
|
10,179
|
$323
|
|
IMAX Corp.*
|
4,149
|
165
|
|
Madison Square Garden Entertainment
Corp.*
|
2,667
|
216
|
|
Manchester United PLC, Class A*
|
16,228
|
372
|
|
Marcus (The) Corp.
|
3,227
|
76
|
|
Playtika Holding Corp.
|
59,992
|
223
|
|
Sphere Entertainment Co.*
|
2,667
|
462
|
|
Stubhub Holdings, Inc., Class A*
|
35,377
|
455
|
|
|
|
2,958
|
|
Financial Services – 2.3%
|
||
|
Acacia Research Corp.*
|
4,629
|
22
|
|
Bladex, Inc.
|
5,570
|
342
|
|
Burford Capital Ltd.†
|
26,939
|
111
|
|
Cannae Holdings, Inc.
|
16,445
|
237
|
|
Cass Information Systems, Inc.
|
1,345
|
69
|
|
Dlocal Ltd.
|
27,588
|
359
|
|
Enact Holdings, Inc.
|
13,858
|
633
|
|
Essent Group Ltd.
|
12,180
|
783
|
|
Euronet Worldwide, Inc.*
|
3,570
|
261
|
|
EVERTEC, Inc.
|
6,971
|
194
|
|
Federal Agricultural Mortgage Corp.,
Class C
|
780
|
155
|
|
Flywire Corp.*
|
9,426
|
166
|
|
HA Sustainable Infrastructure Capital,
Inc.
|
15,933
|
622
|
|
Jackson Financial, Inc., Class A
|
7,277
|
745
|
|
Lesaka Technologies, Inc.*
|
4,087
|
20
|
|
Marqeta, Inc., Class A*
|
42,145
|
171
|
|
Merchants Bancorp
|
4,101
|
205
|
|
NCR Atleos Corp.*
|
6,343
|
275
|
|
NMI Holdings, Inc.*
|
7,676
|
315
|
|
Pagseguro Digital Ltd., Class A
|
27,629
|
250
|
|
Paymentus Holdings, Inc., Class A*
|
11,684
|
282
|
|
Payoneer Global, Inc.*
|
29,591
|
211
|
|
Priority Technology Holdings, Inc.* †
|
18,825
|
126
|
|
Radian Group, Inc.
|
12,115
|
456
|
|
Remitly Global, Inc.*
|
15,427
|
346
|
|
Security National Financial Corp.,
Class A* †
|
5,491
|
53
|
|
Sezzle, Inc.*
|
3,076
|
528
|
|
Shift4 Payments, Inc., Class A* †
|
7,465
|
363
|
|
StoneCo Ltd., Class A
|
26,624
|
289
|
|
Walker & Dunlop, Inc.
|
3,246
|
178
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Financial Services – 2.3%continued
|
||
|
Waterstone Financial, Inc.
|
3,044
|
$63
|
|
Western Union (The) Co.†
|
30,045
|
231
|
|
|
|
9,061
|
|
Food Products – 0.8%
|
||
|
Alico, Inc.
|
3,821
|
158
|
|
B&G Foods, Inc.†
|
8,223
|
33
|
|
Bridgford Foods Corp.*
|
4,018
|
26
|
|
Cal-Maine Foods, Inc.
|
4,603
|
371
|
|
Del Monte Corp.
|
3,698
|
103
|
|
Flowers Foods, Inc.†
|
19,798
|
156
|
|
Freshpet, Inc.*
|
4,510
|
267
|
|
J&J Snack Foods Corp.
|
2,210
|
162
|
|
John B. Sanfilippo & Son, Inc.
|
836
|
72
|
|
Lifeway Foods, Inc.* †
|
1,440
|
43
|
|
Limoneira Co.
|
1,746
|
23
|
|
Marzetti (The) Co.
|
2,435
|
278
|
|
Mission Produce, Inc.*
|
1,828
|
22
|
|
Nomad Foods Ltd.
|
18,858
|
206
|
|
Post Holdings, Inc.*
|
4,219
|
372
|
|
Seneca Foods Corp., Class A*
|
3,208
|
558
|
|
Simply Good Foods (The) Co.*
|
10,170
|
135
|
|
Tootsie Roll Industries, Inc.†
|
7,531
|
298
|
|
Vital Farms, Inc.* †
|
4,346
|
51
|
|
|
|
3,334
|
|
Gas Utilities – 1.0%
|
||
|
Brookfield Infrastructure Corp., Class A
|
12,333
|
475
|
|
Chesapeake Utilities Corp.
|
2,757
|
338
|
|
New Jersey Resources Corp.
|
12,460
|
698
|
|
Northwest Natural Holding Co.
|
4,771
|
234
|
|
ONE Gas, Inc.
|
14,596
|
1,125
|
|
RGC Resources, Inc.
|
1,057
|
25
|
|
Southwest Gas Holdings, Inc.
|
7,232
|
641
|
|
Spire, Inc.
|
7,058
|
551
|
|
|
|
4,087
|
|
Ground Transportation – 0.5%
|
||
|
ArcBest Corp.
|
3,205
|
460
|
|
Covenant Logistics Group, Inc.
|
8,406
|
371
|
|
FTAI Infrastructure, Inc.†
|
24,017
|
111
|
|
Heartland Express, Inc.
|
9,506
|
145
|
|
Hertz Global Holdings, Inc.* †
|
30,603
|
69
|
|
Marten Transport Ltd.
|
6,629
|
115
|
|
PAMT CORP.*
|
4,766
|
67
|
|
RXO, Inc.*
|
15,579
|
430
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Ground Transportation – 0.5%continued
|
||
|
Universal Logistics Holdings, Inc.
|
3,352
|
$50
|
|
Werner Enterprises, Inc.
|
5,724
|
250
|
|
|
|
2,068
|
|
Health Care Equipment & Supplies – 2.8%
|
||
|
Alphatec Holdings, Inc.*
|
11,067
|
96
|
|
AngioDynamics, Inc.*
|
6,406
|
83
|
|
Artivion, Inc.*
|
6,275
|
141
|
|
AtriCure, Inc.*
|
6,623
|
185
|
|
Avanos Medical, Inc.*
|
7,525
|
187
|
|
Axogen, Inc.*
|
6,169
|
285
|
|
Bioventus, Inc., Class A* †
|
17,776
|
168
|
|
Cerus Corp.*
|
29,179
|
85
|
|
CONMED Corp.
|
3,605
|
118
|
|
DENTSPLY SIRONA, Inc.
|
18,104
|
192
|
|
Electromed, Inc.*
|
8,961
|
379
|
|
Enovis Corp.*
|
10,613
|
220
|
|
Envista Holdings Corp.*
|
15,254
|
402
|
|
Establishment Labs Holdings, Inc.* †
|
3,247
|
279
|
|
Haemonetics Corp.*
|
5,112
|
383
|
|
ICU Medical, Inc.*
|
2,084
|
306
|
|
Inmode Ltd.*
|
16,273
|
238
|
|
Inspire Medical Systems, Inc.*
|
2,565
|
114
|
|
Integer Holdings Corp.*
|
4,877
|
456
|
|
Integra LifeSciences Holdings Corp.*
|
12,629
|
227
|
|
iRadimed Corp.
|
4,156
|
397
|
|
IRhythm Holdings, Inc.*
|
3,005
|
357
|
|
Kewaunee Scientific Corp.* †
|
3,496
|
124
|
|
Lantheus Holdings, Inc.*
|
8,321
|
923
|
|
LeMaitre Vascular, Inc.
|
6,391
|
613
|
|
LivaNova PLC*
|
6,282
|
517
|
|
Merit Medical Systems, Inc.*
|
7,886
|
547
|
|
Neogen Corp.*
|
22,781
|
205
|
|
NeuroPace, Inc.*
|
11,062
|
176
|
|
Omnicell, Inc.*
|
5,911
|
245
|
|
OraSure Technologies, Inc.*
|
11,732
|
52
|
|
Orchestra BioMed Holdings, Inc.* †
|
9,620
|
41
|
|
Orthofix Medical, Inc.*
|
8,826
|
81
|
|
OrthoPediatrics Corp.*
|
4,280
|
82
|
|
Pulse Biosciences, Inc.* †
|
5,819
|
161
|
|
QuidelOrtho Corp.*
|
5,199
|
91
|
|
Sanara Medtech, Inc.* †
|
2,404
|
57
|
|
SI-BONE, Inc.* †
|
16,851
|
275
|
|
Sight Sciences, Inc.*
|
11,168
|
61
|
|
STAAR Surgical Co.*
|
5,467
|
157
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Health Care Equipment & Supplies – 2.8%continued
|
||
|
Strive, Inc., Class A* †
|
2,909
|
$32
|
|
Tactile Systems Technology, Inc.*
|
1,719
|
51
|
|
Tandem Diabetes Care, Inc.*
|
5,953
|
90
|
|
TransMedics Group, Inc.*
|
3,344
|
222
|
|
Treace Medical Concepts, Inc.* †
|
11,922
|
47
|
|
UFP Technologies, Inc.*
|
2,319
|
615
|
|
Utah Medical Products, Inc.†
|
1,850
|
128
|
|
Varex Imaging Corp.*
|
7,127
|
74
|
|
|
|
10,965
|
|
Health Care Providers & Services – 2.8%
|
||
|
Acadia Healthcare Co., Inc.*
|
8,066
|
238
|
|
AdaptHealth Corp.*
|
18,500
|
193
|
|
Addus HomeCare Corp.*
|
2,532
|
254
|
|
Alignment Healthcare, Inc.*
|
17,247
|
411
|
|
AMN Healthcare Services, Inc.*
|
6,378
|
206
|
|
Ardent Health, Inc.*
|
12,982
|
128
|
|
Astrana Health, Inc.*
|
6,146
|
285
|
|
Aveanna Healthcare Holdings, Inc.*
|
19,328
|
166
|
|
BrightSpring Health Services, Inc.*
|
20,197
|
1,409
|
|
Brookdale Senior Living, Inc.*
|
25,191
|
405
|
|
Castle Biosciences, Inc.*
|
4,942
|
118
|
|
Clover Health Investments Corp.*
|
49,333
|
259
|
|
Community Health Systems, Inc.*
|
12,844
|
43
|
|
Concentra Group Holdings Parent, Inc.
|
12,396
|
369
|
|
CorVel Corp.*
|
9,458
|
591
|
|
Cross Country Healthcare, Inc.*
|
8,347
|
110
|
|
Fulgent Genetics, Inc.*
|
3,693
|
76
|
|
Guardian Pharmacy Services, Inc.,
Class A*
|
5,663
|
237
|
|
HealthEquity, Inc.*
|
8,082
|
730
|
|
Hims & Hers Health, Inc.* †
|
19,888
|
690
|
|
LifeStance Health Group, Inc.*
|
33,234
|
356
|
|
National HealthCare Corp.
|
2,590
|
547
|
|
NeoGenomics, Inc.*
|
12,625
|
184
|
|
NRC Health
|
4,966
|
107
|
|
OPKO Health, Inc.*
|
55,749
|
84
|
|
Option Care Health, Inc.*
|
17,614
|
369
|
|
PACS Group, Inc.*
|
13,530
|
577
|
|
Pennant Group (The), Inc.*
|
3,326
|
123
|
|
Privia Health Group, Inc.*
|
10,189
|
262
|
|
Progyny, Inc.*
|
9,400
|
271
|
|
RadNet, Inc.*
|
6,481
|
400
|
|
Select Medical Holdings Corp.
|
15,362
|
254
|
|
Sonida Senior Living, Inc.* †
|
2,854
|
116
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Health Care Providers & Services – 2.8%continued
|
||
|
Surgery Partners, Inc.*
|
7,583
|
$127
|
|
U.S. Physical Therapy, Inc.
|
3,719
|
255
|
|
|
|
10,950
|
|
Health Care Real Estate Investment Trusts – 0.7%
|
||
|
CareTrust REIT, Inc.
|
24,927
|
1,006
|
|
Chiron Real Estate, Inc.†
|
1,214
|
46
|
|
Community Healthcare Trust, Inc.
|
2,404
|
44
|
|
Diversified Healthcare Trust
|
22,942
|
213
|
|
LTC Properties, Inc.
|
4,542
|
175
|
|
Medical Properties Trust, Inc.†
|
54,634
|
252
|
|
National Health Investors, Inc.
|
5,264
|
401
|
|
National Healthcare Properties, Inc.* †
|
8,114
|
119
|
|
Sabra Health Care REIT, Inc.
|
23,963
|
468
|
|
Sila Realty Trust, Inc.
|
4,954
|
150
|
|
|
|
2,874
|
|
Health Care Technology – 0.5%
|
||
|
Certara, Inc.*
|
11,772
|
77
|
|
Doximity, Inc., Class A*
|
17,202
|
357
|
|
Evolent Health, Inc., Class A* †
|
13,651
|
74
|
|
GoodRx Holdings, Inc., Class A*
|
41,442
|
119
|
|
HealthStream, Inc.
|
3,677
|
100
|
|
LifeMD, Inc.* †
|
9,076
|
38
|
|
Phreesia, Inc.*
|
18,042
|
186
|
|
Schrodinger, Inc.*
|
14,355
|
233
|
|
Simulations Plus, Inc.*
|
2,903
|
53
|
|
Teladoc Health, Inc.*
|
15,813
|
134
|
|
TruBridge, Inc.*
|
5,396
|
142
|
|
Waystar Holding Corp.*
|
15,981
|
328
|
|
|
|
1,841
|
|
Hotel & Resort Real Estate Investment Trusts – 0.8%
|
||
|
Apple Hospitality REIT, Inc.
|
24,621
|
414
|
|
Chatham Lodging Trust
|
4,303
|
57
|
|
DiamondRock Hospitality Co.
|
26,969
|
329
|
|
Park Hotels & Resorts, Inc.
|
24,872
|
354
|
|
Pebblebrook Hotel Trust
|
15,085
|
293
|
|
RLJ Lodging Trust
|
21,544
|
255
|
|
Ryman Hospitality Properties, Inc.
|
5,750
|
739
|
|
Service Properties Trust
|
19,160
|
32
|
|
Summit Hotel Properties, Inc.†
|
8,347
|
59
|
|
Sunstone Hotel Investors, Inc.
|
26,363
|
302
|
|
Xenia Hotels & Resorts, Inc.
|
13,117
|
267
|
|
|
|
3,101
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Hotels, Restaurants & Leisure – 1.6%
|
||
|
Arcos Dorados Holdings, Inc., Class A
|
23,264
|
$188
|
|
Biglari Holdings, Inc., Class B*
|
509
|
217
|
|
BJ's Restaurants, Inc.*
|
3,495
|
212
|
|
Bloomin' Brands, Inc.
|
8,748
|
80
|
|
Brightstar Lottery PLC
|
17,851
|
191
|
|
Canterbury Park Holding Corp.
|
889
|
14
|
|
Cheesecake Factory (The), Inc.†
|
4,442
|
353
|
|
Cracker Barrel Old Country Store, Inc.†
|
3,024
|
161
|
|
Dave & Buster's Entertainment, Inc.*
|
6,770
|
77
|
|
Dine Brands Global, Inc.†
|
1,965
|
71
|
|
Genius Sports Ltd.*
|
21,589
|
131
|
|
Global Business Travel Group I*
|
41,478
|
389
|
|
Hilton Grand Vacations, Inc.*
|
8,714
|
456
|
|
Jack in the Box, Inc.* †
|
2,611
|
41
|
|
Kura Sushi U.S.A., Inc., Class A* †
|
1,191
|
69
|
|
Life Time Group Holdings, Inc.*
|
17,453
|
713
|
|
Lindblad Expeditions Holdings, Inc.*
|
6,167
|
174
|
|
Lucky Strike Entertainment Corp.†
|
12,582
|
94
|
|
Marriott Vacations Worldwide Corp.
|
3,118
|
318
|
|
Monarch Casino & Resort, Inc.
|
963
|
127
|
|
Nathan's Famous, Inc.
|
981
|
100
|
|
Papa John's International, Inc.†
|
3,145
|
116
|
|
Penn Entertainment, Inc.*
|
13,401
|
286
|
|
Pursuit Attractions and Hospitality, Inc.*
|
2,634
|
147
|
|
Red Rock Resorts, Inc., Class A
|
7,744
|
504
|
|
Rush Street Interactive, Inc.*
|
8,710
|
259
|
|
Shake Shack, Inc., Class A*
|
3,125
|
175
|
|
Six Flags Entertainment Corp.*
|
9,737
|
207
|
|
Town Sports International Holdings,
Inc.(1) *
|
1,105
|
—
|
|
United Parks & Resorts, Inc.* †
|
5,612
|
268
|
|
Wendy's (The) Co.†
|
17,795
|
148
|
|
|
|
6,286
|
|
Household Durables – 1.6%
|
||
|
Beazer Homes U.S.A., Inc.*
|
3,211
|
90
|
|
Cavco Industries, Inc.*
|
1,192
|
732
|
|
Champion Homes, Inc.*
|
6,311
|
556
|
|
Cricut, Inc., Class A
|
19,043
|
84
|
|
Dream Finders Homes, Inc., Class A*
|
8,540
|
148
|
|
Ethan Allen Interiors, Inc.
|
3,303
|
74
|
|
Flexsteel Industries, Inc.
|
2,772
|
207
|
|
Green Brick Partners, Inc.*
|
3,975
|
318
|
|
Hamilton Beach Brands Holding Co.,
Class A
|
1,837
|
42
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Household Durables – 1.6%continued
|
||
|
Hovnanian Enterprises, Inc., Class A*
|
216
|
$31
|
|
Installed Building Products, Inc.
|
2,954
|
679
|
|
KB Home
|
10,002
|
626
|
|
La-Z-Boy, Inc.
|
5,892
|
236
|
|
Leggett & Platt, Inc.
|
12,299
|
144
|
|
Lifetime Brands, Inc.†
|
499
|
4
|
|
M/I Homes, Inc.*
|
2,674
|
430
|
|
Meritage Homes Corp.
|
6,167
|
517
|
|
Newell Brands, Inc.
|
39,921
|
245
|
|
Nobility Homes, Inc.
|
630
|
17
|
|
Sonos, Inc.*
|
10,447
|
141
|
|
Taylor Morrison Home Corp.*
|
14,728
|
1,057
|
|
|
|
6,378
|
|
Household Products – 0.4%
|
||
|
Central Garden & Pet Co.*
|
7,013
|
311
|
|
Energizer Holdings, Inc.
|
7,097
|
152
|
|
Oil-Dri Corp. of America
|
5,067
|
518
|
|
Spectrum Brands Holdings, Inc.
|
4,362
|
374
|
|
WD-40 Co.
|
1,624
|
396
|
|
|
|
1,751
|
|
Independent Power & Renewable Electricity Producers – 0.4%
|
||
|
Hallador Energy Co.*
|
7,744
|
135
|
|
Kenon Holdings Ltd.
|
4,868
|
325
|
|
Ormat Technologies, Inc.
|
7,566
|
824
|
|
ReNew Energy Global PLC, Class A*
|
32,938
|
206
|
|
|
|
1,490
|
|
Industrial Real Estate Investment Trusts – 0.5%
|
||
|
Americold Realty Trust, Inc.
|
26,939
|
424
|
|
Industrial Logistics Properties Trust
|
19,428
|
172
|
|
Innovative Industrial Properties, Inc.
|
3,034
|
188
|
|
LXP Industrial Trust
|
5,296
|
285
|
|
One Liberty Properties, Inc.
|
7,812
|
191
|
|
Terreno Realty Corp.
|
13,317
|
863
|
|
|
|
2,123
|
|
Insurance – 2.3%
|
||
|
American Coastal Insurance Corp.
|
2,959
|
33
|
|
AMERISAFE, Inc.
|
5,875
|
199
|
|
Assured Guaranty Ltd.
|
4,219
|
338
|
|
Ategrity Specialty Holdings LLC*
|
5,518
|
133
|
|
Atlantic American Corp.*
|
4,789
|
8
|
|
Bowhead Specialty Holdings, Inc.*
|
2,890
|
87
|
|
Citizens, Inc.* †
|
4,205
|
24
|
|
CNO Financial Group, Inc.
|
25,725
|
1,312
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Insurance – 2.3%continued
|
||
|
Donegal Group, Inc., Class A
|
3,359
|
$63
|
|
Employers Holdings, Inc.
|
5,724
|
289
|
|
F&G Annuities & Life, Inc.
|
10,756
|
286
|
|
Genworth Financial, Inc.*
|
44,058
|
417
|
|
Goosehead Insurance, Inc., Class A*
|
2,303
|
112
|
|
Greenlight Capital Re Ltd., Class A*
|
15,933
|
258
|
|
Hamilton Insurance Group Ltd., Class B
|
9,397
|
319
|
|
HCI Group, Inc.
|
1,024
|
179
|
|
Hippo Holdings, Inc.*
|
4,544
|
128
|
|
Horace Mann Educators Corp.
|
3,756
|
194
|
|
Investors Title Co.
|
433
|
119
|
|
Kansas City Life Insurance Co.
|
1,381
|
46
|
|
Kemper Corp.
|
5,518
|
149
|
|
Lemonade, Inc.*
|
5,396
|
351
|
|
MBIA, Inc.*
|
11,775
|
77
|
|
Mercury General Corp.
|
2,674
|
285
|
|
Octave Specialty Group, Inc.*
|
4,001
|
25
|
|
Oscar Health, Inc., Class A*
|
29,668
|
846
|
|
Palomar Holdings, Inc.*
|
2,622
|
331
|
|
Pelagos Insurance Capital Ltd.
|
9,906
|
241
|
|
Root, Inc., Class A*
|
1,528
|
85
|
|
Safety Insurance Group, Inc.
|
1,506
|
113
|
|
Selective Insurance Group, Inc.
|
6,787
|
658
|
|
SiriusPoint Ltd.*
|
8,324
|
200
|
|
Skyward Specialty Insurance Group,
Inc.*
|
3,640
|
212
|
|
Slide Insurance Holdings, Inc.*
|
10,710
|
207
|
|
Stewart Information Services Corp.
|
1,872
|
124
|
|
Tiptree, Inc.
|
6,491
|
116
|
|
Trupanion, Inc.*
|
3,913
|
97
|
|
United Fire Group, Inc.
|
4,963
|
260
|
|
Universal Insurance Holdings, Inc.
|
2,890
|
120
|
|
|
|
9,041
|
|
Interactive Media & Services – 0.7%
|
||
|
Angi, Inc.*
|
5,258
|
31
|
|
Bumble, Inc., Class A*
|
8,961
|
29
|
|
Cargurus, Inc.*
|
9,551
|
326
|
|
Cars.com, Inc.*
|
18,552
|
203
|
|
EverQuote, Inc., Class A*
|
8,695
|
207
|
|
fuboTV, Inc., Class A*
|
2,696
|
25
|
|
Grindr, Inc.*
|
16,553
|
238
|
|
People, Inc.*
|
7,140
|
329
|
|
QuinStreet, Inc.*
|
10,376
|
152
|
|
Shutterstock, Inc.
|
2,670
|
37
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Interactive Media & Services – 0.7%continued
|
||
|
Taboola.com Ltd.*
|
29,533
|
$148
|
|
TripAdvisor, Inc.*
|
20,502
|
281
|
|
Webtoon Entertainment, Inc.* †
|
12,658
|
144
|
|
Yelp, Inc.*
|
14,531
|
356
|
|
Ziff Davis, Inc.*
|
5,360
|
281
|
|
ZipRecruiter, Inc., Class A*
|
8,324
|
31
|
|
|
|
2,818
|
|
IT Services – 0.5%
|
||
|
CI&T, Inc., Class A*
|
13,431
|
45
|
|
Crexendo, Inc.*
|
15,714
|
117
|
|
DXC Technology Co.*
|
16,567
|
147
|
|
Everforth, Inc.*
|
6,133
|
110
|
|
Fastly, Inc., Class A*
|
22,745
|
418
|
|
Globant S.A.*
|
3,866
|
112
|
|
Grid Dynamics Holdings, Inc.*
|
11,864
|
67
|
|
Hackett Group (The), Inc.
|
4,576
|
49
|
|
Kyndryl Holdings, Inc.*
|
20,919
|
237
|
|
Matrix I.T Ltd.
|
3,239
|
82
|
|
Rackspace Technology, Inc.* †
|
20,447
|
133
|
|
Unisys Corp.*
|
3,933
|
14
|
|
VTEX, Class A* †
|
13,769
|
55
|
|
Wix.com Ltd.* †
|
5,193
|
236
|
|
|
|
1,822
|
|
Leisure Products – 0.5%
|
||
|
Acushnet Holdings Corp.
|
3,978
|
472
|
|
Callaway Golf Co.*
|
10,028
|
188
|
|
Escalade, Inc.
|
3,241
|
61
|
|
JAKKS Pacific, Inc.
|
439
|
10
|
|
Johnson Outdoors, Inc., Class A
|
2,083
|
96
|
|
Malibu Boats, Inc., Class A*
|
2,375
|
65
|
|
MasterCraft Boat Holdings, Inc.*
|
5,992
|
155
|
|
Peloton Interactive, Inc., Class A*
|
40,570
|
240
|
|
Polaris, Inc.
|
5,125
|
351
|
|
Sturm Ruger & Co., Inc.
|
1,729
|
65
|
|
YETI Holdings, Inc.*
|
7,140
|
354
|
|
|
|
2,057
|
|
Life Sciences Tools & Services – 0.4%
|
||
|
10X Genomics, Inc., Class A*
|
11,271
|
432
|
|
AbCellera Biologics, Inc.* †
|
28,561
|
224
|
|
Alpha Teknova, Inc.* †
|
2,232
|
13
|
|
Azenta, Inc.*
|
7,776
|
199
|
|
BioLife Solutions, Inc.*
|
6,475
|
183
|
|
Champions Oncology, Inc.*
|
4,471
|
28
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Life Sciences Tools & Services – 0.4%continued
|
||
|
Codexis, Inc.*
|
6,196
|
$14
|
|
CryoPort, Inc.*
|
3,700
|
58
|
|
Fortrea Holdings, Inc.*
|
9,248
|
161
|
|
Lifecore Biomedical, Inc.*
|
2,775
|
15
|
|
Maravai LifeSciences Holdings, Inc.,
Class A*
|
10,965
|
68
|
|
Mesa Laboratories, Inc.
|
1,269
|
126
|
|
Omniab, Inc.(1) *
|
1,740
|
—
|
|
OmniAb, Inc.*
|
13,993
|
34
|
|
Omniab, Inc. (NASDAQ Exchange)(1) *
|
1,740
|
—
|
|
Personalis, Inc.*
|
12,333
|
165
|
|
|
|
1,720
|
|
Machinery – 3.4%
|
||
|
Aebi Schmidt Holding A.G.
|
2,268
|
28
|
|
Alamo Group, Inc.
|
1,385
|
228
|
|
Albany International Corp., Class A
|
3,849
|
287
|
|
Astec Industries, Inc.
|
3,437
|
210
|
|
Atmus Filtration Technologies, Inc.
|
9,477
|
483
|
|
Blue Bird Corp.*
|
2,899
|
229
|
|
CECO Environmental Corp.*
|
5,599
|
508
|
|
Columbus McKinnon Corp.
|
2,037
|
31
|
|
Douglas Dynamics, Inc.
|
2,709
|
146
|
|
Enerpac Tool Group Corp.
|
7,622
|
273
|
|
Enpro, Inc.
|
2,326
|
877
|
|
ESCO Technologies, Inc.
|
3,511
|
1,229
|
|
Federal Signal Corp.
|
9,593
|
1,233
|
|
Franklin Electric Co., Inc.
|
5,708
|
612
|
|
Gorman-Rupp (The) Co.
|
3,924
|
360
|
|
Graham Corp.*
|
2,748
|
340
|
|
Greenbrier (The) Cos., Inc.
|
3,047
|
149
|
|
Helios Technologies, Inc.
|
2,384
|
213
|
|
Hillman Solutions Corp.*
|
18,500
|
156
|
|
Hyster-Yale, Inc.
|
2,247
|
79
|
|
JBT Marel Corp.
|
4,868
|
706
|
|
Kadant, Inc.
|
1,195
|
376
|
|
Kennametal, Inc.
|
10,656
|
374
|
|
L.B. Foster Co., Class A*
|
1,273
|
58
|
|
Lindsay Corp.
|
1,301
|
161
|
|
Miller Industries, Inc.
|
4,232
|
216
|
|
Mueller Water Products, Inc., Class A
|
20,304
|
524
|
|
Omega Flex, Inc.†
|
991
|
31
|
|
Park-Ohio Holdings Corp.†
|
3,246
|
125
|
|
Proto Labs, Inc.*
|
3,231
|
263
|
|
Standex International Corp.
|
2,484
|
888
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Machinery – 3.4%continued
|
||
|
Stratasys Ltd.*
|
5,592
|
$48
|
|
Tennant Co.
|
2,442
|
214
|
|
Terex Corp.
|
11,133
|
806
|
|
Titan International, Inc.*
|
7,373
|
57
|
|
Trinity Industries, Inc.
|
11,416
|
395
|
|
Twin Disc, Inc.†
|
2,047
|
47
|
|
Wabash National Corp.
|
4,008
|
54
|
|
Worthington Enterprises, Inc.
|
7,625
|
410
|
|
|
|
13,424
|
|
Marine Transportation – 0.5%
|
||
|
Costamare, Inc.
|
11,360
|
159
|
|
Danaos Corp.
|
1,707
|
209
|
|
Matson, Inc.
|
6,262
|
1,204
|
|
Star Bulk Carriers Corp.
|
12,283
|
307
|
|
ZIM Integrated Shipping Services Ltd.
|
11,360
|
295
|
|
|
|
2,174
|
|
Media – 0.5%
|
||
|
AMC Global Media, Inc.* †
|
4,664
|
47
|
|
Cable One, Inc.*
|
618
|
33
|
|
DoubleVerify Holdings, Inc.*
|
15,427
|
167
|
|
Emerald Holding, Inc.†
|
5,699
|
29
|
|
Entravision Communications Corp.,
Class A
|
39,426
|
514
|
|
EW Scripps (The) Co., Class A* †
|
4,695
|
13
|
|
Gray Media, Inc.
|
14,094
|
56
|
|
iHeartMedia, Inc., Class A*
|
11,326
|
49
|
|
John Wiley & Sons, Inc., Class A
|
5,744
|
279
|
|
Magnite, Inc.*
|
7,213
|
137
|
|
PubMatic, Inc., Class A*
|
10,061
|
132
|
|
Scholastic Corp.†
|
4,271
|
196
|
|
Sinclair, Inc.
|
6,799
|
97
|
|
Stagwell, Inc.*
|
24,247
|
180
|
|
TechTarget, Inc.*
|
2,612
|
9
|
|
U.S.A. TODAY Co., Inc.*
|
14,412
|
123
|
|
|
|
2,061
|
|
Metals & Mining – 1.4%
|
||
|
Alpha Metallurgical Resources, Inc.*
|
1,305
|
215
|
|
American Battery Technology Co.*
|
69,640
|
197
|
|
Ampco-Pittsburgh Corp.*
|
1,957
|
17
|
|
Century Aluminum Co.*
|
8,375
|
385
|
|
Commercial Metals Co.
|
14,154
|
888
|
|
Constellium S.E.*
|
16,303
|
519
|
|
Contango Silver & Gold, Inc.*
|
231
|
4
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Metals & Mining – 1.4%continued
|
||
|
Dakota Gold Corp.*
|
24,667
|
$105
|
|
Ferroglobe PLC
|
29,535
|
94
|
|
Idaho Strategic Resources, Inc.* †
|
3,246
|
106
|
|
Kaiser Aluminum Corp.
|
1,888
|
369
|
|
Materion Corp.
|
4,226
|
1,257
|
|
Nexa Resources S.A.*
|
12,333
|
151
|
|
Ramaco Resources, Inc., Class A*
|
5,130
|
68
|
|
Ryerson Holding Corp.
|
3,414
|
84
|
|
SSR Mining, Inc.*
|
19,474
|
551
|
|
Tredegar Corp.*
|
4,110
|
33
|
|
Warrior Met Coal, Inc.
|
4,832
|
392
|
|
Worthington Steel, Inc.
|
7,612
|
256
|
|
|
|
5,691
|
|
Mortgage Real Estate Investment Trusts – 0.5%
|
||
|
Adamas Trust, Inc.
|
6,744
|
63
|
|
Apollo Commercial Real Estate Finance,
Inc.
|
20,426
|
218
|
|
Arbor Realty Trust, Inc.†
|
37,938
|
206
|
|
ARMOUR Residential REIT, Inc.†
|
11,652
|
203
|
|
Blackstone Mortgage Trust, Inc.,
Class A†
|
16,042
|
272
|
|
BrightSpire Capital, Inc.
|
7,413
|
41
|
|
Dynex Capital, Inc.
|
27,558
|
361
|
|
Ellington Financial, Inc.
|
1,051
|
14
|
|
Franklin BSP Realty Trust, Inc.
|
5,235
|
43
|
|
Invesco Mortgage Capital, Inc.
|
1,517
|
12
|
|
Ladder Capital Corp.
|
17,247
|
172
|
|
Orchid Island Capital, Inc.
|
929
|
7
|
|
Ready Capital Corp.†
|
3,044
|
5
|
|
Redwood Trust, Inc.
|
7,216
|
34
|
|
TPG Mortgage Investment Trust, Inc.
|
1,805
|
14
|
|
TPG RE Finance Trust, Inc.
|
13,307
|
111
|
|
Two Harbors Investment Corp.
|
5,291
|
66
|
|
|
|
1,842
|
|
Multi-Utilities – 0.4%
|
||
|
Avista Corp.
|
8,585
|
351
|
|
Black Hills Corp.
|
7,963
|
593
|
|
Northwestern Energy Group, Inc.
|
7,084
|
507
|
|
Unitil Corp.
|
2,243
|
118
|
|
|
|
1,569
|
|
Office Real Estate Investment Trusts – 0.4%
|
||
|
Brandywine Realty Trust
|
20,139
|
64
|
|
COPT Defense Properties
|
11,941
|
435
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Office Real Estate Investment Trusts – 0.4%continued
|
||
|
Douglas Emmett, Inc.
|
18,014
|
$213
|
|
Easterly Government Properties, Inc.
|
3,828
|
95
|
|
Empire State Realty Trust, Inc., Class A
|
15,777
|
85
|
|
Highwoods Properties, Inc.
|
9,664
|
291
|
|
Hudson Pacific Properties, Inc.*
|
2,229
|
34
|
|
JBG SMITH Properties†
|
14,680
|
215
|
|
Piedmont Realty Trust, Inc.*
|
14,486
|
133
|
|
|
|
1,565
|
|
Oil, Gas & Consumable Fuels – 3.4%
|
||
|
Ardmore Shipping Corp.
|
14,013
|
196
|
|
BKV Corp.*
|
7,683
|
210
|
|
California Resources Corp.
|
8,688
|
459
|
|
Calumet, Inc.*
|
7,857
|
283
|
|
Centrus Energy Corp., Class A* †
|
1,810
|
304
|
|
Clean Energy Fuels Corp.*
|
8,759
|
18
|
|
CNX Resources Corp.*
|
16,258
|
552
|
|
Comstock Resources, Inc.*
|
27,659
|
413
|
|
Core Natural Resources, Inc.
|
6,024
|
482
|
|
Crescent Energy Co., Class A
|
2,142
|
21
|
|
CVR Energy, Inc.
|
12,022
|
331
|
|
Delek U.S. Holdings, Inc.
|
7,293
|
371
|
|
DHT Holdings, Inc.
|
18,068
|
299
|
|
FLEX LNG Ltd.* †
|
6,391
|
179
|
|
Geopark Ltd.
|
10,386
|
94
|
|
Golar LNG Ltd.
|
14,422
|
719
|
|
Granite Ridge Resources, Inc.
|
23,693
|
104
|
|
Green Plains, Inc.*
|
10,054
|
155
|
|
Gulfport Energy Corp.*
|
2,178
|
370
|
|
HighPeak Energy, Inc.†
|
11,395
|
80
|
|
International Seaways, Inc.
|
6,082
|
466
|
|
Kinetik Holdings, Inc.
|
7,093
|
343
|
|
Kosmos Energy Ltd.*
|
55,824
|
118
|
|
Magnolia Oil & Gas Corp., Class A
|
18,841
|
482
|
|
Murphy Oil Corp.
|
16,661
|
542
|
|
NACCO Industries, Inc., Class A
|
2,437
|
122
|
|
Navigator Holdings Ltd.
|
7,966
|
148
|
|
New Era Energy & Digital, Inc.* †
|
21,096
|
135
|
|
Nordic American Tankers Ltd.
|
29,986
|
166
|
|
Northern Oil & Gas, Inc.†
|
8,872
|
161
|
|
Okeanis Eco Tankers Corp.
|
3,570
|
179
|
|
Par Pacific Holdings, Inc.*
|
6,598
|
370
|
|
PBF Energy, Inc., Class A
|
14,177
|
645
|
|
Peabody Energy Corp.
|
13,314
|
308
|
|
PrimeEnergy Resources Corp.* †
|
948
|
158
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Oil, Gas & Consumable Fuels – 3.4%continued
|
||
|
REX American Resources Corp.*
|
14,773
|
$667
|
|
SandRidge Energy, Inc.
|
2,867
|
39
|
|
Scorpio Tankers, Inc.
|
7,641
|
529
|
|
SFL Corp. Ltd.
|
12,499
|
127
|
|
SM Energy Co.
|
25,851
|
675
|
|
Talos Energy, Inc.*
|
16,229
|
210
|
|
Teekay Corp. Ltd.
|
9,245
|
92
|
|
Teekay Tankers Ltd., Class A
|
4,098
|
266
|
|
Uranium Energy Corp.*
|
43,040
|
459
|
|
VAALCO Energy, Inc.
|
31,687
|
161
|
|
W&T Offshore, Inc.
|
25,220
|
79
|
|
World Kinect Corp.
|
7,519
|
248
|
|
|
|
13,535
|
|
Paper & Forest Products – 0.0%
|
||
|
Clearwater Paper Corp.*
|
2,194
|
35
|
|
Magnera Corp.(4) *
|
32
|
—
|
|
Sylvamo Corp.
|
4,049
|
153
|
|
|
|
188
|
|
Passenger Airlines – 0.3%
|
||
|
Allegiant Travel Co.*
|
2,596
|
305
|
|
SkyWest, Inc.*
|
7,129
|
708
|
|
|
|
1,013
|
|
Personal Care Products – 0.4%
|
||
|
BellRing Brands, Inc.*
|
12,241
|
159
|
|
Coty, Inc., Class A*
|
82,763
|
179
|
|
Edgewell Personal Care Co.
|
6,600
|
177
|
|
elf Beauty, Inc.*
|
5,518
|
408
|
|
Interparfums, Inc.
|
2,313
|
259
|
|
Nature's Sunshine Products, Inc.*
|
2,250
|
49
|
|
Nu Skin Enterprises, Inc., Class A
|
8,170
|
43
|
|
Oddity Tech Ltd., Class A* †
|
5,894
|
89
|
|
USANA Health Sciences, Inc.*
|
1,388
|
30
|
|
|
|
1,393
|
|
Pharmaceuticals – 2.7%
|
||
|
Alto Neuroscience, Inc.*
|
6,468
|
171
|
|
Alumis, Inc.*
|
11,661
|
328
|
|
Amneal Pharmaceuticals, Inc.*
|
24,308
|
421
|
|
Amphastar Pharmaceuticals, Inc.*
|
6,755
|
136
|
|
Amylyx Pharmaceuticals, Inc.*
|
17,592
|
316
|
|
ANI Pharmaceuticals, Inc.*
|
2,242
|
186
|
|
AtaiBeckley, Inc.* †
|
34,728
|
183
|
|
Atea Pharmaceuticals, Inc.*
|
6,275
|
29
|
|
Collegium Pharmaceutical, Inc.* †
|
9,870
|
357
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Pharmaceuticals – 2.7%continued
|
||
|
Contineum Therapeutics, Inc., Class A*
|
3,719
|
$61
|
|
Crinetics Pharmaceuticals, Inc.* †
|
9,210
|
345
|
|
Definium Therapeutics, Inc.*
|
10,386
|
489
|
|
Edgewise Therapeutics, Inc.*
|
9,397
|
382
|
|
Enliven Therapeutics, Inc.*
|
5,560
|
282
|
|
Esperion Therapeutics, Inc.*
|
82,968
|
262
|
|
Eton Pharmaceuticals, Inc.*
|
6,491
|
235
|
|
EyePoint, Inc.*
|
8,223
|
118
|
|
Fulcrum Therapeutics, Inc.*
|
14,333
|
52
|
|
GH Research PLC*
|
5,998
|
161
|
|
Harmony Biosciences Holdings, Inc.*
|
2,217
|
81
|
|
Harrow, Inc.*
|
10,067
|
428
|
|
Indivior Pharmaceuticals, Inc.*
|
11,271
|
462
|
|
Innoviva, Inc.*
|
16,306
|
370
|
|
LENZ Therapeutics, Inc.*
|
4,677
|
27
|
|
Lexicon Pharmaceuticals, Inc.* †
|
8,328
|
20
|
|
Ligand Pharmaceuticals, Inc.*
|
2,893
|
914
|
|
Liquidia Corp.*
|
5,766
|
460
|
|
Maze Therapeutics, Inc.*
|
8,024
|
239
|
|
Nektar Therapeutics* †
|
3,246
|
227
|
|
Nuvation Bio, Inc.*
|
32,781
|
186
|
|
Ocular Therapeutix, Inc.*
|
20,493
|
201
|
|
Oculis Holding A.G.* †
|
6,075
|
84
|
|
Omeros Corp.* †
|
9,825
|
93
|
|
Organon & Co.
|
23,564
|
319
|
|
Pacira BioSciences, Inc.*
|
6,858
|
174
|
|
Perrigo Co. PLC
|
12,241
|
127
|
|
Phathom Pharmaceuticals, Inc.* †
|
6,048
|
66
|
|
Phibro Animal Health Corp., Class A
|
5,177
|
163
|
|
Prestige Consumer Healthcare, Inc.*
|
7,380
|
349
|
|
Rapport Therapeutics, Inc.*
|
4,544
|
189
|
|
Septerna, Inc.*
|
4,219
|
141
|
|
SIGA Technologies, Inc.†
|
4,210
|
15
|
|
Supernus Pharmaceuticals, Inc.*
|
6,642
|
309
|
|
Tarsus Pharmaceuticals, Inc.*
|
2,648
|
167
|
|
Theravance Biopharma, Inc.*
|
5,865
|
100
|
|
Third Harmonic Bio, Inc.(1) * †
|
6,789
|
—
|
|
Tilray Brands, Inc.* †
|
7,419
|
33
|
|
Trevi Therapeutics, Inc.*
|
13,307
|
248
|
|
WaVe Life Sciences Ltd.*
|
4,507
|
26
|
|
Xeris Biopharma Holdings, Inc.*
|
19,640
|
156
|
|
|
|
10,888
|
|
Professional Services – 1.3%
|
||
|
Andersen Group, Inc., Class A*
|
3,246
|
122
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Professional Services – 1.3%continued
|
||
|
Asure Software, Inc.*
|
900
|
$7
|
|
Barrett Business Services, Inc.
|
14,336
|
509
|
|
CBIZ, Inc.*
|
13,848
|
444
|
|
Concentrix Corp.†
|
5,808
|
130
|
|
Conduent, Inc.*
|
17,592
|
26
|
|
CRA International, Inc.
|
2,329
|
331
|
|
Exponent, Inc.
|
7,193
|
423
|
|
First Advantage Corp.*
|
16,228
|
293
|
|
Franklin Covey Co.*
|
2,919
|
72
|
|
Huron Consulting Group, Inc.*
|
2,364
|
213
|
|
ICF International, Inc.
|
2,361
|
172
|
|
Innodata, Inc.*
|
2,577
|
195
|
|
Insperity, Inc.
|
4,900
|
202
|
|
Kelly Services, Inc., Class A
|
2,925
|
36
|
|
Korn Ferry
|
6,845
|
456
|
|
Legalzoom.com, Inc.*
|
16,354
|
100
|
|
ManpowerGroup, Inc.
|
5,244
|
177
|
|
Maximus, Inc.
|
6,169
|
332
|
|
Resolute Holdings Management, Inc.* †
|
974
|
141
|
|
Robert Half, Inc.
|
9,737
|
299
|
|
TIC Solutions, Inc.*
|
7,692
|
62
|
|
TriNet Group, Inc.
|
5,064
|
251
|
|
Upwork, Inc.*
|
11,954
|
100
|
|
Verra Mobility Corp.*
|
15,456
|
66
|
|
Willdan Group, Inc.*
|
1,823
|
144
|
|
|
|
5,303
|
|
Real Estate Management & Development – 0.9%
|
||
|
AGNT, Inc.
|
6,566
|
36
|
|
American Realty Investors, Inc.* †
|
1,076
|
24
|
|
Compass, Inc., Class A*
|
88,566
|
1,092
|
|
Cushman & Wakefield Ltd.*
|
30,204
|
404
|
|
Forestar Group, Inc.*
|
6,378
|
202
|
|
FRP Holdings, Inc.*
|
1,302
|
33
|
|
Howard Hughes Holdings, Inc.*
|
5,518
|
394
|
|
Marcus & Millichap, Inc.
|
3,569
|
111
|
|
Newmark Group, Inc., Class A
|
14,425
|
218
|
|
Opendoor Technologies, Inc.* †
|
120,087
|
555
|
|
RMR Group (The), Inc., Class A
|
81
|
2
|
|
St. Joe (The) Co.
|
3,927
|
246
|
|
Stratus Properties, Inc.* †
|
912
|
26
|
|
Tejon Ranch Co.*
|
4,828
|
90
|
|
Transcontinental Realty Investors, Inc.* †
|
292
|
13
|
|
|
|
3,446
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Residential Real Estate Investment Trusts – 0.2%
|
||
|
BRT Apartments Corp.
|
1,913
|
$29
|
|
Centerspace
|
1,010
|
57
|
|
Independence Realty Trust, Inc.
|
24,244
|
405
|
|
NexPoint Residential Trust, Inc.
|
2,309
|
64
|
|
UMH Properties, Inc.
|
5,012
|
76
|
|
|
|
631
|
|
Retail Real Estate Investment Trusts – 1.1%
|
||
|
Acadia Realty Trust
|
10,569
|
221
|
|
Alexander's, Inc.
|
394
|
109
|
|
CBL & Associates Properties, Inc.
|
2,378
|
126
|
|
Curbline Properties Corp.
|
7,064
|
215
|
|
Getty Realty Corp.†
|
4,571
|
152
|
|
InvenTrust Properties Corp.
|
7,754
|
274
|
|
Kite Realty Group Trust
|
25,197
|
715
|
|
Macerich (The) Co.
|
35,169
|
886
|
|
NETSTREIT Corp.†
|
7,345
|
155
|
|
Phillips Edison & Co., Inc.
|
13,137
|
547
|
|
Saul Centers, Inc.
|
1,207
|
45
|
|
SITE Centers Corp.
|
3,531
|
14
|
|
Tanger, Inc.
|
14,281
|
564
|
|
Urban Edge Properties
|
13,275
|
304
|
|
Whitestone REIT
|
9,757
|
185
|
|
|
|
4,512
|
|
Semiconductors & Semiconductor Equipment – 3.1%
|
||
|
ACM Research, Inc., Class A*
|
6,623
|
840
|
|
Aeluma, Inc.* †
|
6,665
|
147
|
|
Alpha & Omega Semiconductor Ltd.*
|
3,286
|
156
|
|
Ambarella, Inc.*
|
4,014
|
344
|
|
Amtech Systems, Inc.*
|
597
|
14
|
|
Atomera, Inc.* †
|
17,686
|
154
|
|
Axcelis Technologies, Inc.*
|
6,871
|
1,302
|
|
Blaize Holdings, Inc.* †
|
32,596
|
45
|
|
Canadian Solar, Inc.* †
|
14,128
|
226
|
|
CEVA, Inc.*
|
5,173
|
244
|
|
Cohu, Inc.*
|
7,549
|
558
|
|
Diodes, Inc.*
|
5,441
|
595
|
|
Everspin Technologies, Inc.*
|
8,698
|
210
|
|
Ichor Holdings Ltd.*
|
5,780
|
649
|
|
Impinj, Inc.*
|
2,964
|
425
|
|
indie Semiconductor, Inc., Class A* †
|
23,403
|
105
|
|
Kopin Corp.*
|
280
|
1
|
|
Kulicke & Soffa Industries, Inc.
|
7,573
|
1,013
|
|
Magnachip Semiconductor Corp.*
|
2,490
|
12
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Semiconductors & Semiconductor Equipment – 3.1%continued
|
||
|
NVE Corp.
|
1,237
|
$129
|
|
PDF Solutions, Inc.*
|
9,055
|
641
|
|
Penguin Solutions, Inc.*
|
9,139
|
695
|
|
Photronics, Inc.*
|
10,519
|
342
|
|
POET Technologies, Inc.*
|
10,386
|
107
|
|
Power Integrations, Inc.
|
6,159
|
516
|
|
SEALSQ Corp.* †
|
36,026
|
114
|
|
Synaptics, Inc.*
|
4,323
|
537
|
|
Ultra Clean Holdings, Inc.*
|
7,644
|
1,090
|
|
Universal Display Corp.
|
4,544
|
393
|
|
Valens Semiconductor Ltd.*
|
52,561
|
119
|
|
Veeco Instruments, Inc.*
|
8,372
|
635
|
|
|
|
12,358
|
|
Software – 5.2%
|
||
|
8x8, Inc.*
|
48,393
|
83
|
|
A10 Networks, Inc.
|
6,491
|
242
|
|
ACI Worldwide, Inc.*
|
13,610
|
684
|
|
Adeia, Inc.
|
11,474
|
378
|
|
Agilysys, Inc.*
|
3,524
|
368
|
|
Alarm.com Holdings, Inc.*
|
8,465
|
395
|
|
Alkami Technology, Inc.* †
|
9,809
|
178
|
|
Allot Ltd.*
|
9,299
|
82
|
|
Amplitude, Inc., Class A*
|
11,900
|
91
|
|
Appian Corp., Class A*
|
6,665
|
153
|
|
Asana, Inc., Class A*
|
21,348
|
149
|
|
AvePoint, Inc.*
|
35,968
|
403
|
|
BILL Holdings, Inc.*
|
9,412
|
340
|
|
Bit Digital, Inc.*
|
28,526
|
51
|
|
Blackbaud, Inc.* †
|
5,918
|
175
|
|
BlackLine, Inc.*
|
5,789
|
162
|
|
Box, Inc., Class A*
|
16,451
|
437
|
|
Braze, Inc., Class A*
|
10,827
|
235
|
|
CCC Intelligent Solutions Holdings,
Inc.*
|
55,175
|
285
|
|
Cellebrite DI Ltd.*
|
23,368
|
341
|
|
Cleanspark, Inc.*
|
19,972
|
291
|
|
Clear Secure, Inc., Class A
|
13,596
|
758
|
|
Cognyte Software Ltd.*
|
22,907
|
201
|
|
Commvault Systems, Inc.*
|
4,520
|
641
|
|
Consensus Cloud Solutions, Inc.*
|
1,804
|
69
|
|
CS Disco, Inc.*
|
15,714
|
59
|
|
Daily Journal Corp.*
|
200
|
120
|
|
Digimarc Corp.* †
|
3,695
|
30
|
|
Digital Turbine, Inc.*
|
8,884
|
115
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Software – 5.2%continued
|
||
|
EverCommerce, Inc.* †
|
16,567
|
$167
|
|
Five9, Inc.*
|
7,866
|
168
|
|
Freshworks, Inc., Class A*
|
38,227
|
387
|
|
Horizon Quantum Holdings Ltd.,
Class A* †
|
11,035
|
306
|
|
I3 Verticals, Inc., Class A*
|
8,202
|
175
|
|
Intapp, Inc.*
|
7,438
|
187
|
|
InterDigital, Inc.
|
4,687
|
1,327
|
|
JFrog Ltd.*
|
14,605
|
1,327
|
|
Karooooo Ltd.†
|
2,735
|
135
|
|
Life360, Inc.* †
|
7,003
|
388
|
|
LiveRamp Holdings, Inc.*
|
6,514
|
245
|
|
Monday.com Ltd.*
|
4,868
|
352
|
|
N-able, Inc.*
|
17,003
|
62
|
|
nCino, Inc.* †
|
10,588
|
173
|
|
NCR Voyix Corp.* †
|
12,625
|
103
|
|
OneSpan, Inc.
|
15,420
|
221
|
|
Pagaya Technologies Ltd., Class A* †
|
14,446
|
264
|
|
PagerDuty, Inc.*
|
9,253
|
89
|
|
Porch Group, Inc.*
|
9,299
|
140
|
|
Progress Software Corp.*
|
5,148
|
173
|
|
Q2 Holdings, Inc.*
|
5,695
|
274
|
|
Qualys, Inc.*
|
3,927
|
540
|
|
Radware Ltd.*
|
3,913
|
121
|
|
Rapid7, Inc.* †
|
5,512
|
45
|
|
Red Violet, Inc.*
|
2,365
|
151
|
|
Rezolve AI PLC* †
|
63,086
|
199
|
|
Rimini Street, Inc.*
|
28,368
|
121
|
|
RingCentral, Inc., Class A†
|
7,789
|
304
|
|
Riot Platforms, Inc.*
|
28,992
|
794
|
|
ServiceTitan, Inc., Class A*
|
11,360
|
803
|
|
Sprinklr, Inc., Class A*
|
23,396
|
121
|
|
Sprout Social, Inc., Class A*
|
6,048
|
46
|
|
SPS Commerce, Inc.*
|
5,228
|
299
|
|
Telos Corp.*
|
14,750
|
68
|
|
Tenable Holdings, Inc.*
|
10,959
|
404
|
|
Teradata Corp.*
|
10,489
|
363
|
|
Upland Software, Inc.(4) * †
|
5
|
—
|
|
Varonis Systems, Inc.*
|
16,062
|
674
|
|
Vertex, Inc., Class A*
|
16,371
|
188
|
|
Via Transportation, Inc., Class A*
|
7,789
|
141
|
|
Viant Technology, Inc., Class A*
|
7,249
|
92
|
|
Weave Communications, Inc.*
|
7,557
|
45
|
|
Workiva, Inc.*
|
7,991
|
388
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Software – 5.2%continued
|
||
|
Xperi, Inc.* †
|
4,587
|
$38
|
|
Yext, Inc.*
|
11,053
|
52
|
|
Zeta Global Holdings Corp., Class A*
|
23,519
|
463
|
|
|
|
20,639
|
|
Specialized Real Estate Investment Trusts – 0.3%
|
||
|
Four Corners Property Trust, Inc.
|
9,210
|
226
|
|
Gladstone Land Corp.†
|
9,230
|
79
|
|
National Storage Affiliates Trust
|
6,623
|
294
|
|
Outfront Media, Inc.
|
17,137
|
561
|
|
Safehold, Inc.
|
2,542
|
40
|
|
Smartstop Self Storage REIT, Inc.
|
3,063
|
100
|
|
|
|
1,300
|
|
Specialty Retail – 2.1%
|
||
|
1-800-Flowers.com, Inc., Class A* †
|
5,138
|
18
|
|
Abercrombie & Fitch Co., Class A*
|
6,845
|
616
|
|
Academy Sports & Outdoors, Inc.†
|
7,850
|
370
|
|
Advance Auto Parts, Inc.†
|
5,518
|
343
|
|
American Eagle Outfitters, Inc.
|
19,292
|
332
|
|
Arhaus, Inc.
|
12,257
|
103
|
|
Asbury Automotive Group, Inc.*
|
2,068
|
416
|
|
Barnes & Noble Education, Inc.*
|
238
|
3
|
|
Bed Bath & Beyond, Inc.*
|
4,080
|
24
|
|
Boot Barn Holdings, Inc.*
|
3,196
|
525
|
|
Buckle (The), Inc.
|
3,556
|
150
|
|
Build-A-Bear Workshop, Inc.†
|
3,237
|
99
|
|
Caleres, Inc.
|
5,730
|
71
|
|
Camping World Holdings, Inc., Class A
|
4,490
|
34
|
|
Citi Trends, Inc.*
|
3,759
|
217
|
|
Designer Brands, Inc., Class A†
|
7,114
|
42
|
|
Genesco, Inc.*
|
2,867
|
97
|
|
Group 1 Automotive, Inc.
|
2,335
|
680
|
|
Haverty Furniture Cos., Inc.
|
2,709
|
69
|
|
Monro, Inc.
|
4,169
|
71
|
|
National Vision Holdings, Inc.*
|
7,680
|
146
|
|
Revolve Group, Inc.*
|
7,683
|
176
|
|
RH*
|
1,623
|
267
|
|
RideNow Group, Inc.* †
|
28,536
|
190
|
|
Sally Beauty Holdings, Inc.*
|
17,112
|
242
|
|
Shoe Station Group, Inc.
|
6,685
|
99
|
|
Signet Jewelers Ltd.
|
5,544
|
478
|
|
Sonic Automotive, Inc., Class A
|
5,930
|
503
|
|
ThredUp, Inc., Class A*
|
10,204
|
70
|
|
Upbound Group, Inc.
|
5,533
|
117
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Specialty Retail – 2.1%continued
|
||
|
Urban Outfitters, Inc.*
|
7,267
|
$515
|
|
Victoria's Secret & Co.*
|
7,944
|
663
|
|
Warby Parker, Inc., Class A*
|
11,684
|
355
|
|
Winmark Corp.
|
644
|
273
|
|
Zumiez, Inc.*
|
4,267
|
76
|
|
|
|
8,450
|
|
Technology Hardware, Storage & Peripherals – 0.1%
|
||
|
Corvex, Inc.*
|
6,491
|
141
|
|
CPI Card Group, Inc.*
|
3,913
|
81
|
|
Diebold Nixdorf, Inc.*
|
3,418
|
291
|
|
Immersion Corp.†
|
5,602
|
38
|
|
|
|
551
|
|
Textiles, Apparel & Luxury Goods – 0.7%
|
||
|
Capri Holdings Ltd.*
|
10,710
|
199
|
|
Carter's, Inc.
|
3,830
|
158
|
|
Columbia Sportswear Co.
|
4,832
|
299
|
|
Figs, Inc., Class A*
|
15,579
|
159
|
|
Fossil Group, Inc.*
|
5,042
|
21
|
|
G-III Apparel Group Ltd.
|
4,545
|
153
|
|
Kontoor Brands, Inc.
|
4,842
|
404
|
|
Movado Group, Inc.
|
2,388
|
94
|
|
Oxford Industries, Inc.
|
2,954
|
103
|
|
PVH Corp.
|
4,219
|
313
|
|
Rocky Brands, Inc.
|
2,660
|
110
|
|
Steven Madden Ltd.
|
9,893
|
416
|
|
Under Armour, Inc., Class A*
|
38,289
|
245
|
|
Wolverine World Wide, Inc.
|
7,345
|
121
|
|
|
|
2,795
|
|
Tobacco – 0.1%
|
||
|
Turning Point Brands, Inc.
|
180
|
15
|
|
Universal Corp.
|
3,437
|
180
|
|
|
|
195
|
|
Trading Companies & Distributors – 1.3%
|
||
|
BlueLinx Holdings, Inc.*
|
2,106
|
130
|
|
Boise Cascade Co.
|
5,196
|
403
|
|
Custom Truck One Source, Inc.*
|
21,421
|
253
|
|
Distribution Solutions Group, Inc.*
|
5,038
|
138
|
|
DNOW, Inc.*
|
20,768
|
269
|
|
DXP Enterprises, Inc.*
|
1,137
|
192
|
|
EVI Industries, Inc.
|
1,669
|
25
|
|
GATX Corp.
|
4,156
|
736
|
|
Global Industrial Co.
|
4,932
|
165
|
|
McGrath RentCorp
|
3,714
|
450
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 96.3%continued
|
||
|
Trading Companies & Distributors – 1.3%continued
|
||
|
NPK International, Inc.*
|
9,081
|
$144
|
|
Rush Enterprises, Inc., Class A
|
14,808
|
1,081
|
|
Titan Machinery, Inc.*
|
1,276
|
27
|
|
Transcat, Inc.*
|
2,497
|
232
|
|
Willis Lease Finance Corp.
|
1,511
|
346
|
|
Xometry, Inc., Class A*
|
4,832
|
466
|
|
|
|
5,057
|
|
Water Utilities – 0.4%
|
||
|
American States Water Co.
|
5,170
|
427
|
|
Artesian Resources Corp., Class A
|
2,585
|
88
|
|
Cadiz, Inc.*
|
9,194
|
39
|
|
California Water Service Group
|
6,504
|
317
|
|
Consolidated Water Co. Ltd.
|
6,182
|
182
|
|
H2O America†
|
3,495
|
212
|
|
Middlesex Water Co.
|
3,885
|
218
|
|
York Water (The) Co.
|
2,713
|
83
|
|
|
|
1,566
|
|
Wireless Telecommunication Services – 0.2%
|
||
|
Array Digital Infrastructure, Inc.†
|
8,114
|
294
|
|
Gogo, Inc.*
|
4,523
|
14
|
|
Spok Holdings, Inc.
|
8,689
|
89
|
|
Telephone and Data Systems, Inc.
|
11,194
|
415
|
|
|
|
812
|
|
Total Common Stocks
|
|
|
|
(Cost $232,483)
|
|
383,838
|
|
|
|
|
|
PREFERRED STOCKS – 0.0%
|
||
|
Diversified Telecommunication Services – 0.0%
|
||
|
Liberty Latin America Ltd.* †
|
1,021
|
22
|
|
Total Preferred Stocks
|
|
|
|
(Cost $45)
|
|
22
|
|
|
|
|
|
RIGHTS – 0.0%
|
||
|
Biotechnology – 0.0%
|
||
|
Akero Therapeutics, Inc. (Contingent
Value Rights)(1) * †
|
3,564
|
—
|
|
Albireo Pharma, Inc. (Contingent Value
Rights)(1) (3) *
|
7,485
|
69
|
|
Concert Pharmaceuticals, Inc.
(Contingent Value Rights)(1) (3) *
|
20,570
|
—
|
|
Flexion Therapeutics, Inc. (Contingent
Value Rights)(1) (3) *
|
9,753
|
3
|
|
Gilead Sciences, Inc. (Contingent Value
Rights)(1) (3) *
|
6,510
|
—
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
RIGHTS - 0.0%continued
|
||
|
Biotechnology – 0.0%continued
|
||
|
Inhibrx, Inc. (Contingent Value
Rights)(1) *
|
7,862
|
$—
|
|
Repare Therapeutics, Inc. (Contingent
Value Rights)(1) *
|
76,762
|
—
|
|
Sage Therapeutics, Inc. (Contingent
Value Rights)(1) *
|
8,772
|
—
|
|
Tobira Therapeutics, Inc. (Contingent
Value Rights)(1) (3) *
|
16,926
|
—
|
|
|
|
72
|
|
Financial Services – 0.0%
|
||
|
Gurnet Point Capital LLC (Contingent
Value Rights)(1) (3) *
|
13,493
|
—
|
|
Health Care Equipment & Supplies – 0.0%
|
||
|
American Medical Alert Corp.(1) (3) *
|
13,109
|
—
|
|
Paper & Forest Products – 0.0%
|
||
|
Resolute Forest Products, Inc., Class A
(Contingent Value Rights)(1) (3) *
|
11,874
|
—
|
|
Pharmaceuticals – 0.0%
|
||
|
Avadel Pharmaceuticals PLC
(Contingent Value Rights)(1) *
|
10,012
|
—
|
|
Harmony Biosciences Holdings, Inc.
(Contingent Value Rights)(1) *
|
16,116
|
—
|
|
Opiant Pharmaceuticals, Inc.
(Contingent Value Rights)(1) (3) *
|
9,938
|
—
|
|
Sun Pharmaceutical Industries Ltd.
(Contingent Value Rights)(1) *
|
44,767
|
—
|
|
|
|
—
|
|
Total Rights
|
|
|
|
(Cost $131)
|
|
72
|
|
|
|
|
|
OTHER – 0.0%
|
||
|
Escrow Bowl America Inc.,
Class A (1) (3) (4) *
|
492
|
—
|
|
Total Other
|
|
|
|
(Cost $—)
|
|
—
|
|
|
NUMBER
OF WARRANTS
|
VALUE
(000S)
|
|
WARRANTS – 0.0%
|
||
|
Pulse Biosciences, Inc., Exp. 6/27/29,
Strike $0.00*
|
1,625
|
$14
|
|
Total Warrants
|
|
|
|
(Cost $—)
|
|
14
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 8.7%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(5) (6) (7)
|
20,683,767
|
$20,684
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(5) (6)
|
13,759,724
|
13,760
|
|
Total Investment Companies
|
|
|
|
(Cost $34,444)
|
|
34,444
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.2%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.60%, 10/15/26(8) (9)
|
$1,050
|
$1,038
|
|
Total Short-Term Investments
|
|
|
|
(Cost $1,039)
|
1,038
|
|
|
|
|
|
|
Total Investments – 105.2%
|
|
|
|
(Cost $268,142)
|
419,428
|
|
|
Liabilities less Other Assets – (5.2%)
|
(20,894
)
|
|
|
NET ASSETS – 100.0%
|
$398,534
|
|
|
(1)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(2)
|
Investment in affiliate.
|
|
(3)
|
Restricted security. At June 30, 2026, the value of these restricted securities
amounted to approximately $72,000 or 0.0% of net assets. Additional
information on these restricted securities are as follows:
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
Albireo Pharma, Inc. (Contingent Value
Rights)
|
3/3/23
|
$—
|
|
American Medical Alert Corp.
|
1/3/12
|
—
|
|
Concert Pharmaceuticals, Inc. (Contingent
Value Rights)
|
3/7/23
|
—
|
|
Escrow Bowl America Inc., Class A
|
11/14/25
|
—
|
|
Flexion Therapeutics, Inc. (Contingent Value
Rights)
|
11/22/21
|
—
|
|
Gilead Sciences, Inc. (Contingent Value
Rights)
|
4/29/26
|
—
|
|
Gurnet Point Capital LLC (Contingent Value
Rights)
|
9/22/23
|
—
|
|
Next Bridge Hydrocarbons, Inc.
|
12/13/22
|
8
|
|
Opiant Pharmaceuticals, Inc. (Contingent
Value Rights)
|
3/3/23
|
—
|
|
Resolute Forest Products, Inc., Class A
(Contingent Value Rights)
|
3/1/23
|
—
|
|
Schedule of Investments
|
|
SMALL CAP CORE FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
Tobira Therapeutics, Inc. (Contingent Value
Rights)
|
11/2/16
|
$131
|
|
|
|
|
(4)
|
Value rounds to less than one thousand.
|
|
(5)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(6)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(7)
|
Investment of cash collateral received from securities lending activities.
|
|
(8)
|
Discount rate at the time of purchase.
|
|
(9)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini Russell
2000 Index
|
93
|
$14,162
|
Long
|
9/26
|
$386
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Banks
|
$36,170
|
$14
|
$—
|
$36,184
|
|
Biotechnology
|
38,799
|
—
|
8
|
38,807
|
|
Household Durables
|
6,361
|
17
|
—
|
6,378
|
|
All Other Industries(1)
|
302,469
|
—
|
—
|
302,469
|
|
Total Common Stocks
|
383,799
|
31
|
8
|
383,838
|
|
Preferred Stocks
|
22
|
—
|
—
|
22
|
|
Rights(1)
|
—
|
—
|
72
|
72
|
|
Warrants
|
—
|
14
|
—
|
14
|
|
Investment Companies
|
34,444
|
—
|
—
|
34,444
|
|
Short-Term Investments
|
—
|
1,038
|
—
|
1,038
|
|
Total Investments
|
$418,265
|
$1,083
|
$80
|
$419,428
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$386
|
$—
|
$—
|
$386
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
(000S)
|
NET
REALIZED
GAINS
(LOSSES)
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Methode Electronics, Inc.
|
$29
|
$—
|
$2
|
$70
|
$(2
)
|
$95
|
5,035
|
$—*
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
16,256
|
34,088
|
29,660
|
—
|
—
|
20,684
|
20,683,767
|
70
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
3,430
|
20,761
|
10,431
|
—
|
—
|
13,760
|
13,759,724
|
97
|
|
Total
|
$19,715
|
$54,849
|
$40,093
|
$70
|
$(2
)
|
$34,539
|
34,448,526
|
$167
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 98.9%
|
||
|
Aerospace & Defense – 1.8%
|
||
|
AAR Corp.*
|
20,217
|
$2,890
|
|
AerSale Corp.*
|
19,486
|
123
|
|
Aevex Corp., Class A* †
|
9,311
|
194
|
|
AIRO Group Holdings, Inc.* †
|
11,715
|
87
|
|
Archer Aviation, Inc., Class A* †
|
340,812
|
1,612
|
|
Astronics Corp.* †
|
13,343
|
1,084
|
|
Astronics Corp., Class B* †
|
2,898
|
220
|
|
Beta Technologies, Inc., Class A* †
|
17,476
|
293
|
|
Cadre Holdings, Inc.†
|
15,923
|
454
|
|
Ducommun, Inc.*
|
7,124
|
1,319
|
|
Eve Holding, Inc.* †
|
45,560
|
114
|
|
Firefly Aerospace, Inc.* †
|
40,331
|
1,186
|
|
Innovative Solutions and Support, Inc.*
|
7,663
|
138
|
|
Intuitive Machines, Inc.* †
|
64,691
|
1,384
|
|
Mercury Systems, Inc.*
|
28,509
|
3,487
|
|
Moog, Inc., Class A
|
14,486
|
6,140
|
|
National Presto Industries, Inc.
|
2,795
|
349
|
|
Park Aerospace Corp.†
|
9,020
|
344
|
|
Red Cat Holdings, Inc.* †
|
56,242
|
599
|
|
Redwire Corp.* †
|
98,999
|
1,211
|
|
Satellogic, Inc., Class A*
|
49,223
|
282
|
|
Sidus Space, Inc., Class A* †
|
42,725
|
120
|
|
Starfighters Space, Inc.* †
|
15,928
|
85
|
|
Swarmer, Inc.*
|
1,780
|
79
|
|
TAT Technologies Ltd.*
|
6,154
|
297
|
|
V2X, Inc.*
|
14,844
|
1,107
|
|
Virgin Galactic Holdings, Inc.* †
|
50,494
|
146
|
|
Voyager Technologies, Inc., Class A* †
|
26,274
|
847
|
|
VSE Corp.†
|
14,318
|
3,272
|
|
York Space Systems, Inc.* †
|
9,834
|
242
|
|
|
|
29,705
|
|
Air Freight & Logistics – 0.1%
|
||
|
Forward Air Corp.*
|
12,113
|
164
|
|
Hub Group, Inc., Class A
|
30,575
|
1,339
|
|
Radiant Logistics, Inc.*
|
18,002
|
170
|
|
|
|
1,673
|
|
Automobile Components – 1.2%
|
||
|
Adient PLC*
|
40,139
|
738
|
|
Cooper-Standard Holdings, Inc.*
|
8,888
|
240
|
|
Dana, Inc.†
|
56,046
|
1,525
|
|
Dauch Corp.*
|
120,021
|
651
|
|
Dorman Products, Inc.* †
|
13,675
|
1,866
|
|
Fox Factory Holding Corp.*
|
21,675
|
367
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Automobile Components – 1.2%continued
|
||
|
Garrett Motion, Inc.
|
88,298
|
$3,199
|
|
Gentherm, Inc.*
|
15,610
|
532
|
|
Goodyear Tire & Rubber (The) Co.*
|
142,954
|
944
|
|
Holley, Inc.*
|
40,704
|
104
|
|
LCI Industries
|
12,178
|
1,289
|
|
Motorcar Parts of America, Inc.* †
|
6,656
|
102
|
|
Patrick Industries, Inc.†
|
16,426
|
1,475
|
|
Phinia, Inc.†
|
18,857
|
1,553
|
|
Solid Power, Inc.* †
|
104,765
|
271
|
|
Standard Motor Products, Inc.
|
10,914
|
425
|
|
Stoneridge, Inc.*
|
14,581
|
107
|
|
Strattec Security Corp.*
|
2,018
|
164
|
|
Versigent PLC*
|
36,530
|
1,535
|
|
Visteon Corp.
|
13,644
|
1,354
|
|
XPEL, Inc.*
|
12,959
|
643
|
|
|
|
19,084
|
|
Automobiles – 0.1%
|
||
|
Harley-Davidson, Inc.
|
53,279
|
1,303
|
|
Livewire Group, Inc.* †
|
8,870
|
10
|
|
Lucid Group, Inc.* †
|
64,594
|
432
|
|
Winnebago Industries, Inc.†
|
14,154
|
442
|
|
|
|
2,187
|
|
Banks – 10.3%
|
||
|
1st Source Corp.
|
9,125
|
744
|
|
ACNB Corp.
|
5,294
|
314
|
|
Amalgamated Financial Corp.†
|
9,362
|
430
|
|
Amerant Bancorp, Inc.†
|
17,583
|
449
|
|
Ameris Bancorp
|
33,377
|
3,013
|
|
Ames National Corp.
|
4,453
|
132
|
|
Arrow Financial Corp.
|
8,463
|
347
|
|
Associated Banc-Corp
|
73,489
|
2,261
|
|
Atlantic Union Bankshares Corp.
|
72,971
|
3,087
|
|
Avidbank Holdings, Inc.* †
|
4,884
|
161
|
|
Avidia Bancorp, Inc.
|
9,719
|
204
|
|
Axos Financial, Inc.*
|
28,054
|
2,732
|
|
Banc of California, Inc.
|
78,076
|
1,595
|
|
BancFirst Corp.
|
10,964
|
1,218
|
|
Bancorp (The), Inc.*
|
20,340
|
1,274
|
|
Bank First Corp.†
|
5,302
|
787
|
|
Bank of Hawaii Corp.†
|
20,185
|
1,645
|
|
Bank of Marin Bancorp
|
7,602
|
211
|
|
Bank of NT Butterfield & Son (The) Ltd.
|
20,430
|
1,216
|
|
Bank7 Corp.
|
2,177
|
107
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 10.3%continued
|
||
|
BankUnited, Inc.
|
37,772
|
$1,830
|
|
Bankwell Financial Group, Inc.
|
3,048
|
179
|
|
Banner Corp.
|
17,147
|
1,139
|
|
Bar Harbor Bankshares
|
8,595
|
325
|
|
BayCom Corp.
|
4,938
|
162
|
|
BCB Bancorp, Inc.†
|
8,591
|
92
|
|
Beacon Financial Corp.
|
43,158
|
1,314
|
|
Blue Ridge Bankshares, Inc.
|
34,283
|
121
|
|
Bridgewater Bancshares, Inc.* †
|
11,319
|
238
|
|
Burke & Herbert Financial Services
Corp.
|
7,815
|
562
|
|
Business First Bancshares, Inc.†
|
16,081
|
494
|
|
BV Financial, Inc.*
|
3,736
|
79
|
|
Byline Bancorp, Inc.
|
15,680
|
591
|
|
C&F Financial Corp.
|
1,525
|
122
|
|
California BanCorp†
|
13,436
|
280
|
|
Camden National Corp.
|
8,582
|
465
|
|
Capital Bancorp, Inc.
|
5,880
|
206
|
|
Capital City Bank Group, Inc.†
|
7,226
|
357
|
|
Capitol Federal Financial, Inc.
|
62,048
|
528
|
|
Carter Bankshares, Inc.†
|
11,486
|
391
|
|
Cathay General Bancorp
|
33,173
|
2,056
|
|
CB Financial Services, Inc.†
|
2,152
|
82
|
|
Central Pacific Financial Corp.†
|
13,184
|
504
|
|
CF Bankshares, Inc.†
|
2,689
|
88
|
|
Chain Bridge Bancorp, Inc., Class A*
|
1,128
|
47
|
|
Chemung Financial Corp.
|
2,093
|
156
|
|
ChoiceOne Financial Services, Inc.
|
7,249
|
246
|
|
Citizens & Northern Corp.†
|
8,557
|
199
|
|
Citizens Community Bancorp, Inc.
|
4,870
|
114
|
|
Citizens Financial Services, Inc.
|
2,438
|
177
|
|
City Holding Co.
|
7,125
|
945
|
|
Civista Bancshares, Inc.†
|
10,802
|
305
|
|
CNB Financial Corp.
|
14,945
|
504
|
|
Coastal Financial Corp.*
|
6,720
|
521
|
|
CoastalSouth Bancshares, Inc.
|
3,738
|
100
|
|
Colony Bankcorp, Inc.
|
10,845
|
218
|
|
Columbia Financial, Inc.* †
|
13,679
|
290
|
|
Commercial Bancgroup, Inc.†
|
4,482
|
145
|
|
Community Bancorp
|
2,603
|
102
|
|
Community Financial System, Inc.†
|
27,037
|
1,815
|
|
Community Trust Bancorp, Inc.†
|
8,186
|
592
|
|
Community West Bancshares
|
12,487
|
335
|
|
ConnectOne Bancorp, Inc.
|
24,624
|
823
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 10.3%continued
|
||
|
Customers Bancorp, Inc.*
|
15,807
|
$1,250
|
|
CVB Financial Corp.†
|
86,592
|
1,953
|
|
Dime Commercial Bancshares, Inc.
|
20,769
|
844
|
|
Eagle Bancorp Montana, Inc.†
|
3,838
|
92
|
|
Eagle Bancorp, Inc.
|
14,541
|
413
|
|
Eagle Financial Services, Inc.†
|
2,379
|
99
|
|
Eastern Bankshares, Inc.†
|
111,364
|
2,477
|
|
ECB Bancorp, Inc.*
|
3,966
|
80
|
|
Enterprise Financial Services Corp.
|
18,646
|
1,228
|
|
Equity Bancshares, Inc., Class A†
|
8,943
|
438
|
|
Esquire Financial Holdings, Inc.
|
3,698
|
440
|
|
Farmers & Merchants Bancorp, Inc.
|
7,150
|
219
|
|
Farmers National Banc Corp.
|
29,926
|
437
|
|
FB Bancorp, Inc.*
|
8,365
|
126
|
|
FB Financial Corp.
|
22,470
|
1,244
|
|
Fidelity D&D Bancorp, Inc.
|
2,519
|
130
|
|
Financial Institutions, Inc.
|
10,001
|
390
|
|
Finwise Bancorp*
|
4,204
|
61
|
|
First Bancorp
|
20,707
|
1,324
|
|
First BanCorp
|
78,961
|
2,059
|
|
First Bancorp (The), Inc.
|
5,447
|
190
|
|
First Bank
|
11,661
|
207
|
|
First Busey Corp.
|
41,457
|
1,223
|
|
First Business Financial Services, Inc.
|
4,176
|
264
|
|
First Capital, Inc.
|
1,505
|
97
|
|
First Commonwealth Financial Corp.†
|
51,938
|
1,056
|
|
First Community Bankshares, Inc.†
|
8,541
|
379
|
|
First Community Corp.†
|
4,571
|
149
|
|
First Financial Bancorp
|
53,769
|
1,819
|
|
First Financial Bankshares, Inc.
|
67,824
|
2,347
|
|
First Financial Corp.
|
5,855
|
453
|
|
First Guaranty Bancshares, Inc.†
|
3,264
|
33
|
|
First Internet Bancorp
|
4,192
|
117
|
|
First Interstate BancSystem, Inc.,
Class A†
|
46,639
|
1,798
|
|
First Merchants Corp.
|
32,188
|
1,406
|
|
First Mid Bancshares, Inc.
|
12,439
|
598
|
|
First National Corp.†
|
3,641
|
109
|
|
First Northern Community Bancorp*
|
7,656
|
137
|
|
First United Corp.
|
3,188
|
141
|
|
First Western Financial, Inc.*
|
4,599
|
148
|
|
Firstsun Capital Bancorp*
|
12,644
|
490
|
|
Five Star Bancorp†
|
8,048
|
392
|
|
Flagstar Bank N.A.
|
157,168
|
2,348
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 10.3%continued
|
||
|
Franklin Financial Services Corp.†
|
2,188
|
$137
|
|
FS Bancorp, Inc.
|
3,426
|
149
|
|
Fulton Financial Corp.
|
98,856
|
2,391
|
|
FVCBankcorp, Inc.†
|
8,156
|
143
|
|
GBank Financial Holdings, Inc.* †
|
4,971
|
151
|
|
German American Bancorp, Inc.†
|
18,864
|
895
|
|
Glacier Bancorp, Inc.†
|
67,071
|
3,460
|
|
Great Southern Bancorp, Inc.†
|
3,996
|
313
|
|
Greene County Bancorp, Inc.
|
3,437
|
115
|
|
Hancock Whitney Corp.
|
41,856
|
3,127
|
|
Hanmi Financial Corp.†
|
15,116
|
490
|
|
Hanover Bancorp, Inc.†
|
1,733
|
40
|
|
Hawthorn Bancshares, Inc.
|
2,686
|
106
|
|
HBT Financial, Inc.
|
8,393
|
268
|
|
Heritage Financial Corp.
|
21,000
|
622
|
|
Hilltop Holdings, Inc.
|
20,508
|
795
|
|
Hingham Institution For Savings (The)†
|
820
|
252
|
|
Home Bancorp, Inc.†
|
3,630
|
249
|
|
Home BancShares, Inc.
|
95,318
|
2,721
|
|
HomeTrust Bancshares, Inc.
|
8,000
|
399
|
|
Hope Bancorp, Inc.
|
63,405
|
867
|
|
Horizon Bancorp, Inc.
|
25,523
|
510
|
|
Independent Bank Corp.†
|
10,373
|
374
|
|
Independent Bank Corp. (NASDAQ
Global Select)
|
24,771
|
2,074
|
|
International Bancshares Corp.
|
28,063
|
2,131
|
|
Investar Holding Corp.†
|
6,621
|
198
|
|
Isabella Bank Corp.
|
3,557
|
140
|
|
John Marshall Bancorp, Inc.†
|
6,689
|
146
|
|
Kearny Financial Corp.†
|
30,541
|
289
|
|
Lakeland Financial Corp.
|
12,555
|
775
|
|
Landmark Bancorp, Inc.†
|
2,542
|
78
|
|
LCNB Corp.†
|
7,030
|
124
|
|
Live Oak Bancshares, Inc.
|
18,509
|
756
|
|
MainStreet Bancshares, Inc.
|
3,265
|
81
|
|
Mechanics Bancorp, Class A†
|
20,077
|
319
|
|
Mercantile Bank Corp.
|
8,699
|
499
|
|
Meridian Corp.†
|
4,605
|
92
|
|
Metrocity Bankshares, Inc.†
|
12,067
|
433
|
|
Metropolitan Bank Holding Corp.
|
5,650
|
558
|
|
Mid Penn Bancorp, Inc.
|
10,953
|
382
|
|
Midland States Bancorp, Inc.
|
9,927
|
309
|
|
MVB Financial Corp.
|
6,236
|
181
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 10.3%continued
|
||
|
National Bank Holdings Corp.,
Class A†
|
22,077
|
$981
|
|
National Bankshares, Inc.†
|
2,917
|
106
|
|
NB Bancorp, Inc.
|
20,575
|
435
|
|
NBT Bancorp, Inc.
|
26,163
|
1,292
|
|
Nicolet Bankshares, Inc.†
|
10,099
|
1,670
|
|
Northeast Bank
|
3,897
|
516
|
|
Northeast Community Bancorp, Inc.
|
6,481
|
180
|
|
Northfield Bancorp, Inc.
|
19,651
|
289
|
|
Northpointe Bancshares, Inc.†
|
10,752
|
206
|
|
Northrim BanCorp, Inc.†
|
11,213
|
311
|
|
Northwest Bancshares, Inc.
|
75,081
|
1,138
|
|
Norwood Financial Corp.†
|
5,222
|
168
|
|
Oak Valley Bancorp
|
3,410
|
115
|
|
OceanFirst Financial Corp.†
|
42,813
|
836
|
|
OFG Bancorp
|
21,759
|
1,068
|
|
Ohio Valley Banc Corp.
|
1,637
|
71
|
|
Old National Bancorp
|
176,474
|
4,571
|
|
Old Second Bancorp, Inc.†
|
25,986
|
606
|
|
OP Bancorp†
|
6,255
|
94
|
|
Orange County Bancorp, Inc.
|
6,572
|
242
|
|
Origin Bancorp, Inc.
|
15,292
|
782
|
|
Orrstown Financial Services, Inc.
|
9,786
|
400
|
|
Park National Corp.
|
8,563
|
1,567
|
|
Parke Bancorp, Inc.
|
4,894
|
162
|
|
Pathward Financial, Inc.
|
10,930
|
952
|
|
PCB Bancorp†
|
5,473
|
155
|
|
Peapack-Gladstone Financial Corp.
|
8,220
|
389
|
|
Peoples Bancorp of North Carolina,
Inc.†
|
2,223
|
96
|
|
Peoples Bancorp, Inc.
|
17,908
|
688
|
|
Peoples Financial Services Corp.
|
4,677
|
310
|
|
Pioneer Bancorp, Inc.*
|
5,098
|
87
|
|
Plumas Bancorp†
|
3,339
|
195
|
|
Ponce Financial Group, Inc.*
|
10,210
|
204
|
|
Preferred Bank
|
5,815
|
618
|
|
Primis Financial Corp.
|
11,040
|
181
|
|
Princeton Bancorp, Inc.
|
2,652
|
101
|
|
Provident Financial Services, Inc.
|
65,580
|
1,550
|
|
QCR Holdings, Inc.
|
8,502
|
828
|
|
RBB Bancorp†
|
8,469
|
232
|
|
Red River Bancshares, Inc.†
|
2,661
|
243
|
|
Renasant Corp.
|
47,823
|
2,034
|
|
Republic Bancorp, Inc., Class A
|
4,381
|
396
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 10.3%continued
|
||
|
Rhinebeck Bancorp, Inc.*
|
2,453
|
$42
|
|
Richmond Mutual BanCorp, Inc.
|
3,521
|
56
|
|
S&T Bancorp, Inc.†
|
18,723
|
919
|
|
Seacoast Banking Corp. of Florida†
|
50,058
|
1,664
|
|
ServisFirst Bancshares, Inc.†
|
26,545
|
2,303
|
|
Shore Bancshares, Inc.†
|
16,126
|
370
|
|
Sierra Bancorp†
|
5,952
|
243
|
|
Simmons First National Corp., Class A
|
74,340
|
1,684
|
|
SmartFinancial, Inc.
|
7,905
|
371
|
|
South Plains Financial, Inc.
|
8,086
|
348
|
|
Southern First Bancshares, Inc.*
|
4,764
|
291
|
|
Southern Missouri Bancorp, Inc.†
|
5,001
|
381
|
|
Southside Bancshares, Inc.
|
14,724
|
518
|
|
SR Bancorp, Inc.†
|
3,571
|
70
|
|
Sterling Bancorp, Inc.(1) *
|
9,809
|
—
|
|
Stock Yards Bancorp, Inc.
|
13,484
|
1,031
|
|
Texas Capital Bancshares, Inc.
|
22,140
|
2,286
|
|
Third Coast Bancshares, Inc.* †
|
8,037
|
325
|
|
Timberland Bancorp, Inc.
|
3,904
|
175
|
|
Tompkins Financial Corp.
|
6,967
|
659
|
|
Towne Bank†
|
44,633
|
1,617
|
|
TriCo Bancshares
|
15,160
|
816
|
|
Triumph Financial, Inc.* †
|
11,710
|
894
|
|
TrustCo Bank Corp. NY
|
8,936
|
491
|
|
Trustmark Corp.†
|
28,418
|
1,308
|
|
UMB Financial Corp.
|
37,323
|
5,328
|
|
United Bankshares, Inc.
|
70,699
|
3,240
|
|
United Community Banks, Inc.
|
61,885
|
2,172
|
|
Unity Bancorp, Inc.
|
3,815
|
224
|
|
Univest Financial Corp.
|
14,289
|
625
|
|
USCB Financial Holdings, Inc.
|
6,100
|
125
|
|
Valley National Bancorp†
|
246,886
|
3,617
|
|
Virginia National Bankshares Corp.
|
2,534
|
112
|
|
WaFd, Inc.†
|
37,653
|
1,445
|
|
Washington Trust Bancorp, Inc.†
|
9,722
|
355
|
|
WesBanco, Inc.
|
48,782
|
1,904
|
|
West BanCorp, Inc.†
|
7,544
|
200
|
|
Westamerica BanCorp
|
12,128
|
712
|
|
Western New England Bancorp, Inc.
|
8,569
|
123
|
|
WSFS Financial Corp.
|
26,830
|
2,059
|
|
|
|
169,278
|
|
Beverages – 0.2%
|
||
|
Boston Beer (The) Co., Inc., Class A*
|
3,926
|
695
|
|
MGP Ingredients, Inc.
|
7,858
|
138
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Beverages – 0.2%continued
|
||
|
National Beverage Corp.*
|
12,490
|
$390
|
|
Vita Coco (The) Co., Inc.*
|
24,845
|
1,643
|
|
|
|
2,866
|
|
Biotechnology – 10.5%
|
||
|
4D Molecular Therapeutics, Inc.* †
|
23,671
|
315
|
|
Abeona Therapeutics, Inc.* †
|
19,845
|
123
|
|
Absci Corp.* †
|
70,256
|
814
|
|
ACADIA Pharmaceuticals, Inc.*
|
65,207
|
1,650
|
|
Achieve Life Sciences, Inc.* †
|
40,160
|
262
|
|
Acumen Pharmaceuticals, Inc.*
|
24,917
|
67
|
|
ADC Therapeutics S.A.*
|
43,766
|
47
|
|
ADMA Biologics, Inc.*
|
116,730
|
977
|
|
Agenus, Inc.*
|
21,138
|
65
|
|
Agios Pharmaceuticals, Inc.*
|
29,901
|
1,110
|
|
Akebia Therapeutics, Inc.* †
|
135,289
|
154
|
|
Aktis Oncology, Inc.* †
|
10,724
|
346
|
|
Alector, Inc.* †
|
51,120
|
103
|
|
Alkermes PLC*
|
84,805
|
4,443
|
|
Allogene Therapeutics, Inc.*
|
137,154
|
285
|
|
Altimmune, Inc.*
|
102,890
|
313
|
|
ALX Oncology Holdings, Inc.*
|
56,054
|
116
|
|
AnaptysBio, Inc.*
|
9,980
|
674
|
|
Anavex Life Sciences Corp.* †
|
48,289
|
125
|
|
Anika Therapeutics, Inc.*
|
5,800
|
85
|
|
Annexon, Inc.* †
|
78,435
|
448
|
|
Apogee Therapeutics, Inc.*
|
22,804
|
3,027
|
|
Arbutus Biopharma Corp.*
|
82,796
|
397
|
|
ARCA biopharma, Inc.* †
|
25,464
|
2,423
|
|
Arcturus Therapeutics Holdings, Inc.* †
|
11,693
|
79
|
|
Arcus Biosciences, Inc.*
|
45,217
|
1,394
|
|
Arcutis Biotherapeutics, Inc.*
|
57,859
|
1,517
|
|
Ardelyx, Inc.*
|
123,440
|
630
|
|
Armata Pharmaceuticals, Inc.*
|
6,118
|
40
|
|
ArriVent Biopharma, Inc.* †
|
19,056
|
662
|
|
ARS Pharmaceuticals, Inc.* †
|
31,857
|
255
|
|
Artiva Biotherapeutics, Inc.*
|
1,739
|
17
|
|
Assembly Biosciences, Inc.* †
|
5,076
|
139
|
|
Atrium Therapeutics, Inc.*
|
7,436
|
100
|
|
Aura Biosciences, Inc.*
|
23,276
|
165
|
|
Aurinia Pharmaceuticals, Inc.*
|
60,381
|
1,025
|
|
Avalo Therapeutics, Inc.* †
|
21,095
|
390
|
|
Beam Therapeutics, Inc.* †
|
50,136
|
1,721
|
|
Benitec Biopharma, Inc.* †
|
11,064
|
148
|
|
Bicara Therapeutics, Inc.*
|
22,324
|
663
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Biotechnology – 10.5%continued
|
||
|
BioCryst Pharmaceuticals, Inc.*
|
117,787
|
$1,178
|
|
Biohaven Ltd.*
|
67,554
|
1,005
|
|
Black Diamond Therapeutics, Inc.*
|
21,836
|
40
|
|
Bright Minds Biosciences, Inc.* †
|
3,805
|
267
|
|
C4 Therapeutics, Inc.*
|
52,537
|
245
|
|
Cabaletta Bio, Inc.* †
|
55,350
|
172
|
|
CAMP4 Therapeutics Corp.*
|
16,489
|
72
|
|
Candel Therapeutics, Inc.* †
|
32,695
|
337
|
|
Canton Strategic Holdings, Inc.*
|
23,188
|
65
|
|
Capricor Therapeutics, Inc.* †
|
27,170
|
654
|
|
CareDx, Inc.*
|
25,929
|
739
|
|
Caribou Biosciences, Inc.*
|
48,145
|
85
|
|
Cartesian Therapeutics, Inc.* †
|
7,010
|
73
|
|
Catalyst Pharmaceuticals, Inc.*
|
59,473
|
1,869
|
|
Celcuity, Inc.* †
|
19,444
|
2,034
|
|
Celldex Therapeutics, Inc.*
|
39,489
|
1,469
|
|
Century Therapeutics, Inc.* †
|
63,739
|
156
|
|
CG oncology, Inc.*
|
37,303
|
2,650
|
|
Climb Bio, Inc.*
|
18,118
|
236
|
|
Cogent Biosciences, Inc.*
|
84,309
|
3,263
|
|
Coherus Oncology, Inc.* †
|
68,166
|
95
|
|
Compass Therapeutics, Inc.*
|
67,910
|
149
|
|
Connect Biopharma Holdings Ltd.*
|
8,207
|
20
|
|
Corbus Pharmaceuticals Holdings, Inc.*
|
8,618
|
81
|
|
Corvus Pharmaceuticals, Inc.*
|
34,169
|
510
|
|
Crescent Biopharma, Inc.* †
|
10,253
|
185
|
|
CRISPR Therapeutics A.G.* †
|
47,144
|
2,571
|
|
Cullinan Therapeutics, Inc.* †
|
30,582
|
557
|
|
Cytokinetics, Inc.*
|
66,878
|
5,697
|
|
CytomX Therapeutics, Inc.*
|
91,701
|
344
|
|
Damora Therapeutics, Inc.*
|
26,962
|
701
|
|
Denali Therapeutics, Inc.*
|
74,380
|
1,913
|
|
Design Therapeutics, Inc.* †
|
15,135
|
219
|
|
DiaMedica Therapeutics, Inc.* †
|
18,987
|
134
|
|
Dianthus Therapeutics, Inc.* †
|
23,921
|
2,332
|
|
Disc Medicine, Inc.*
|
14,276
|
1,044
|
|
Dyne Therapeutics, Inc.*
|
68,965
|
1,532
|
|
Editas Medicine, Inc.*
|
46,207
|
150
|
|
Eikon Therapeutics, Inc.*
|
11,243
|
147
|
|
Eledon Pharmaceuticals, Inc.*
|
39,749
|
157
|
|
Elicio Therapeutics, Inc.*
|
6,744
|
26
|
|
Emergent BioSolutions, Inc.*
|
27,020
|
226
|
|
Enanta Pharmaceuticals, Inc.*
|
14,650
|
214
|
|
Entrada Therapeutics, Inc.*
|
15,336
|
113
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Biotechnology – 10.5%continued
|
||
|
Erasca, Inc.*
|
101,753
|
$1,864
|
|
Evommune, Inc.* †
|
6,535
|
87
|
|
Fennec Pharmaceuticals, Inc.* †
|
14,965
|
161
|
|
First Tracks Biotherapeutics, Inc.* †
|
12,040
|
242
|
|
Foghorn Therapeutics, Inc.*
|
19,208
|
94
|
|
Forte Biosciences, Inc.* †
|
9,997
|
212
|
|
Galectin Therapeutics, Inc.* †
|
24,971
|
116
|
|
Generate Biomedicines, Inc.*
|
12,605
|
213
|
|
Geron Corp.*
|
282,815
|
362
|
|
GRAIL, Inc.*
|
20,884
|
1,426
|
|
Greenwich Lifesciences, Inc.* †
|
3,278
|
77
|
|
Gyre Therapeutics, Inc.* †
|
8,984
|
59
|
|
Heron Therapeutics, Inc.* †
|
48,604
|
21
|
|
Hyperliquid Strategies, Inc.*
|
63,916
|
503
|
|
Ideaya Biosciences, Inc.*
|
42,372
|
1,579
|
|
Immix Biopharma, Inc.*
|
21,124
|
218
|
|
Immuneering Corp., Class A* †
|
27,783
|
139
|
|
ImmunityBio, Inc.* †
|
195,438
|
1,711
|
|
Immunome, Inc.* †
|
53,357
|
1,131
|
|
Immunovant, Inc.* †
|
43,098
|
1,661
|
|
Inhibikase Therapeutics, Inc.* †
|
56,309
|
114
|
|
Inhibrx Biosciences, Inc.*
|
4,799
|
455
|
|
Intellia Therapeutics, Inc.* †
|
68,353
|
1,157
|
|
Invivyd, Inc.*
|
110,309
|
96
|
|
Iovance Biotherapeutics, Inc.* †
|
201,148
|
837
|
|
Ironwood Pharmaceuticals, Inc.*
|
84,236
|
355
|
|
Jade Biosciences, Inc.* †
|
16,411
|
365
|
|
Janux Therapeutics, Inc.*
|
22,340
|
343
|
|
Kailera Therapeutics, Inc.*
|
23,283
|
513
|
|
Karyopharm Therapeutics, Inc.*
|
10,410
|
102
|
|
Keros Therapeutics, Inc.* †
|
8,164
|
87
|
|
Kiniksa Pharmaceuticals International
PLC*
|
21,277
|
1,361
|
|
Kodiak Sciences, Inc.*
|
19,883
|
775
|
|
Korro Bio, Inc.* †
|
5,888
|
78
|
|
Krystal Biotech, Inc.*
|
13,214
|
4,911
|
|
Kura Oncology, Inc.*
|
42,867
|
470
|
|
Kymera Therapeutics, Inc.*
|
31,673
|
3,632
|
|
Kyverna Therapeutics, Inc.*
|
21,684
|
193
|
|
Larimar Therapeutics, Inc.*
|
34,598
|
105
|
|
Lexeo Therapeutics, Inc.*
|
34,995
|
163
|
|
Lineage Cell Therapeutics, Inc.*
|
95,428
|
125
|
|
Lyell Immunopharma, Inc.*
|
4,943
|
69
|
|
MacroGenics, Inc.*
|
32,408
|
150
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Biotechnology – 10.5%continued
|
||
|
MannKind Corp.*
|
155,722
|
$663
|
|
MapLight Therapeutics, Inc.* †
|
5,082
|
182
|
|
MeiraGTx Holdings PLC*
|
30,333
|
410
|
|
MiMedx Group, Inc.*
|
63,025
|
243
|
|
Mineralys Therapeutics, Inc.*
|
28,989
|
782
|
|
Minerva Neurosciences, Inc.*
|
17,542
|
97
|
|
Mirum Pharmaceuticals, Inc.*
|
23,997
|
2,809
|
|
Monopar Therapeutics, Inc.* †
|
2,190
|
203
|
|
Monte Rosa Therapeutics, Inc.*
|
37,413
|
905
|
|
Myriad Genetics, Inc.* †
|
47,962
|
274
|
|
Neurogene, Inc.*
|
5,675
|
178
|
|
Nkarta, Inc.*
|
22,526
|
64
|
|
Novavax, Inc.* †
|
77,113
|
726
|
|
Nurix Therapeutics, Inc.*
|
48,523
|
1,177
|
|
Nuvalent, Inc., Class A*
|
27,161
|
3,354
|
|
Nuvectis Pharma, Inc.* †
|
8,820
|
162
|
|
Ocugen, Inc.* †
|
176,677
|
270
|
|
Olema Pharmaceuticals, Inc.*
|
40,282
|
504
|
|
OnKure Therapeutics, Inc., Class A*
|
7,218
|
33
|
|
Opus Genetics, Inc.*
|
24,866
|
102
|
|
Organogenesis Holdings, Inc.* †
|
36,282
|
88
|
|
ORIC Pharmaceuticals, Inc.*
|
37,756
|
409
|
|
Ovid therapeutics, Inc.*
|
78,781
|
212
|
|
Palisade Bio, Inc.* †
|
76,393
|
160
|
|
Perspective Therapeutics, Inc.*
|
53,460
|
182
|
|
Pieris Pharmaceuticals, Inc.* †
|
5,550
|
848
|
|
Praxis Precision Medicines, Inc.*
|
12,709
|
4,255
|
|
Precigen, Inc.*
|
97,979
|
558
|
|
Precision BioSciences, Inc.*
|
12,547
|
99
|
|
Prelude Therapeutics, Inc.* †
|
12,318
|
66
|
|
Prime Medicine, Inc.* †
|
46,004
|
170
|
|
ProKidney Corp.* †
|
34,479
|
70
|
|
Protagonist Therapeutics, Inc.*
|
31,112
|
3,814
|
|
Protalix BioTherapeutics, Inc.* †
|
32,575
|
76
|
|
Protara Therapeutics, Inc.*
|
25,444
|
97
|
|
Prothena Corp. PLC*
|
23,024
|
225
|
|
PTC Therapeutics, Inc.*
|
41,915
|
3,419
|
|
Puma Biotechnology, Inc.*
|
21,215
|
172
|
|
Recursion Pharmaceuticals, Inc.,
Class A* †
|
258,873
|
950
|
|
REGENXBIO, Inc.*
|
25,040
|
300
|
|
Relay Therapeutics, Inc.*
|
81,721
|
1,529
|
|
Replimune Group, Inc.*
|
40,090
|
444
|
|
Rezolute, Inc.* †
|
40,520
|
211
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Biotechnology – 10.5%continued
|
||
|
Rhythm Pharmaceuticals, Inc.*
|
27,907
|
$3,098
|
|
Rigel Pharmaceuticals, Inc.* †
|
9,325
|
365
|
|
Rocket Pharmaceuticals, Inc.* †
|
45,351
|
155
|
|
SAB Biotherapeutics, Inc.*
|
22,551
|
88
|
|
Sagimet Biosciences, Inc., Class A* †
|
30,398
|
235
|
|
Sana Biotechnology, Inc.* †
|
94,975
|
331
|
|
Sarepta Therapeutics, Inc.*
|
52,651
|
946
|
|
Savara, Inc.*
|
78,682
|
485
|
|
Scholar Rock Holding Corp.*
|
56,535
|
3,109
|
|
SELLAS Life Sciences Group, Inc.* †
|
95,363
|
1,408
|
|
Shattuck Labs, Inc.* †
|
31,584
|
219
|
|
Sionna Therapeutics, Inc.* †
|
9,298
|
409
|
|
Solid Biosciences, Inc.* †
|
39,806
|
398
|
|
Spruce Biosciences, Inc.*
|
1,419
|
77
|
|
Spyre Therapeutics, Inc.*
|
37,656
|
3,343
|
|
Stoke Therapeutics, Inc.* †
|
27,828
|
911
|
|
Surrozen, Inc.*
|
3,790
|
98
|
|
Sutro Biopharma, Inc.*
|
8,229
|
273
|
|
Syndax Pharmaceuticals, Inc.* †
|
44,992
|
983
|
|
Tango Therapeutics, Inc.*
|
71,217
|
2,226
|
|
Taysha Gene Therapies, Inc.*
|
121,181
|
825
|
|
Tectonic Therapeutic, Inc.* †
|
5,470
|
188
|
|
Tenax Therapeutics, Inc.*
|
12,955
|
188
|
|
TG Therapeutics, Inc.*
|
73,646
|
4,046
|
|
Tonix Pharmaceuticals Holding Corp.* †
|
7,701
|
98
|
|
Travere Therapeutics, Inc.*
|
45,213
|
2,569
|
|
TriSalus Life Sciences, Inc.* †
|
24,964
|
114
|
|
Twist Bioscience Corp.*
|
31,407
|
3,231
|
|
Tyra Biosciences, Inc.* †
|
18,564
|
593
|
|
Ultragenyx Pharmaceutical, Inc.*
|
48,893
|
1,633
|
|
Unicycive Therapeutics, Inc.*
|
12,731
|
60
|
|
Upstream Bio, Inc.* †
|
18,296
|
127
|
|
UroGen Pharma Ltd.*
|
21,528
|
792
|
|
Vanda Pharmaceuticals, Inc.*
|
27,790
|
170
|
|
Vaxcyte, Inc.*
|
66,622
|
3,873
|
|
Vera Therapeutics, Inc.*
|
32,314
|
1,387
|
|
Veracyte, Inc.*
|
40,983
|
2,407
|
|
Verastem, Inc.*
|
41,412
|
158
|
|
Vericel Corp.*
|
26,072
|
1,160
|
|
Vir Biotechnology, Inc.*
|
62,141
|
633
|
|
Viridian Therapeutics, Inc.*
|
45,639
|
838
|
|
Vor BioPharma, Inc.* †
|
20,588
|
379
|
|
Voyager Therapeutics, Inc.*
|
27,829
|
97
|
|
Whitehawk Therapeutics, Inc.*
|
16,890
|
77
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Biotechnology – 10.5%continued
|
||
|
X4 Pharmaceuticals, Inc.*
|
41,980
|
$196
|
|
Xencor, Inc.*
|
35,219
|
567
|
|
Xenon Pharmaceuticals, Inc.* †
|
49,622
|
2,995
|
|
XOMA Royalty Corp.*
|
4,831
|
205
|
|
Z Squared, Inc.* †
|
22,691
|
240
|
|
Zenas Biopharma, Inc.* †
|
14,373
|
365
|
|
Zentalis Pharmaceuticals, Inc.* †
|
26,036
|
126
|
|
Zura Bio Ltd.*
|
30,476
|
180
|
|
Zymeworks, Inc.*
|
23,649
|
618
|
|
|
|
173,156
|
|
Broadline Retail – 0.1%
|
||
|
1stdibs.com, Inc.* †
|
12,637
|
62
|
|
Groupon, Inc.* †
|
11,403
|
274
|
|
Kohl's Corp.†
|
55,929
|
991
|
|
Pattern Group, Inc., Class A* †
|
16,343
|
412
|
|
Savers Value Village, Inc.* †
|
19,510
|
197
|
|
|
|
1,936
|
|
Building Products – 1.2%
|
||
|
Apogee Enterprises, Inc.†
|
10,755
|
492
|
|
AZZ, Inc.
|
15,240
|
2,363
|
|
CSW Industrials, Inc.
|
8,211
|
2,285
|
|
Gibraltar Industries, Inc.*
|
15,322
|
691
|
|
Griffon Corp.
|
19,659
|
1,917
|
|
Insteel Industries, Inc.†
|
9,789
|
296
|
|
Janus International Group, Inc.* †
|
67,833
|
377
|
|
Masterbrand, Inc.* †
|
102,997
|
1,060
|
|
Quanex Building Products Corp.†
|
23,600
|
439
|
|
Resideo Technologies, Inc.*
|
69,618
|
2,165
|
|
Tecnoglass, Inc.
|
12,990
|
608
|
|
UFP Industries, Inc.
|
28,991
|
2,631
|
|
Zurn Elkay Water Solutions Corp.†
|
76,418
|
3,861
|
|
|
|
19,185
|
|
Capital Markets – 1.9%
|
||
|
Acadian Asset Management, Inc.
|
14,320
|
1,024
|
|
AlTi Global, Inc.* †
|
26,616
|
96
|
|
Artisan Partners Asset Management,
Inc., Class A
|
32,660
|
1,128
|
|
Bakkt, Inc.* †
|
15,366
|
120
|
|
BGC Group, Inc., Class A
|
190,897
|
2,041
|
|
BRC Group Holdings, Inc.*
|
12,017
|
97
|
|
Chaince Digital Holdings, Inc.* †
|
34,499
|
151
|
|
Cohen & Steers, Inc.†
|
14,394
|
1,096
|
|
DigitalBridge Group, Inc.
|
90,590
|
1,429
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Capital Markets – 1.9%continued
|
||
|
Donnelley Financial Solutions, Inc.*
|
12,611
|
$529
|
|
GCM Grosvenor, Inc., Class A
|
30,660
|
377
|
|
Gemini Space Station, Inc., Class A* †
|
21,433
|
91
|
|
Innventure, Inc.*
|
28,976
|
147
|
|
Marex Group PLC
|
31,474
|
1,918
|
|
MarketWise, Inc.
|
1,041
|
18
|
|
Miami International Holdings, Inc.*
|
38,696
|
1,438
|
|
Moelis & Co., Class A†
|
38,193
|
2,499
|
|
Open Lending Corp.*
|
52,922
|
165
|
|
Patria Investments Ltd., Class A†
|
33,078
|
363
|
|
Perella Weinberg Partners†
|
35,715
|
570
|
|
Piper Sandler Cos.
|
35,773
|
2,588
|
|
PJT Partners, Inc., Class A†
|
12,448
|
1,879
|
|
Ridgepost Capital, Inc., Class A†
|
30,823
|
243
|
|
Silvercrest Asset Management Group,
Inc., Class A†
|
1,776
|
18
|
|
StepStone Group, Inc., Class A
|
39,271
|
1,624
|
|
StoneX Group, Inc.*
|
36,833
|
4,365
|
|
Value Line, Inc.†
|
565
|
23
|
|
Victory Capital Holdings, Inc., Class A†
|
21,758
|
1,829
|
|
Virtus Investment Partners, Inc.
|
3,270
|
469
|
|
Wealthfront Corp.* †
|
17,277
|
154
|
|
Webull Corp.*
|
170,053
|
1,109
|
|
Westwood Holdings Group, Inc.
|
3,564
|
68
|
|
WisdomTree, Inc.†
|
68,924
|
1,168
|
|
|
|
30,834
|
|
Chemicals – 1.8%
|
||
|
AdvanSix, Inc.
|
13,602
|
270
|
|
Alto Ingredients, Inc.*
|
38,063
|
217
|
|
Ashland, Inc.
|
23,509
|
1,549
|
|
ASP Isotopes, Inc.* †
|
58,929
|
366
|
|
Aspen Aerogels, Inc.*
|
32,337
|
205
|
|
Avient Corp.†
|
47,505
|
1,756
|
|
Balchem Corp.
|
16,572
|
2,800
|
|
Cabot Corp.
|
26,427
|
2,400
|
|
Chemours (The) Co.†
|
77,745
|
1,595
|
|
Core Molding Technologies, Inc.*
|
4,308
|
102
|
|
Ecovyst, Inc.* †
|
55,782
|
694
|
|
Flotek Industries, Inc.* †
|
7,509
|
177
|
|
FMC Corp.†
|
64,385
|
740
|
|
H.B. Fuller Co.
|
28,237
|
1,646
|
|
Hawkins, Inc.
|
9,957
|
1,415
|
|
Huntsman Corp.
|
84,961
|
902
|
|
Ingevity Corp.*
|
18,061
|
1,349
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Chemicals – 1.8%continued
|
||
|
Innospec, Inc.
|
12,775
|
$1,040
|
|
Intrepid Potash, Inc.*
|
5,768
|
189
|
|
Koppers Holdings, Inc.
|
9,427
|
423
|
|
Kronos Worldwide, Inc.
|
11,688
|
74
|
|
LSB Industries, Inc.* †
|
30,361
|
328
|
|
Mativ Holdings, Inc.†
|
28,488
|
216
|
|
Minerals Technologies, Inc.
|
15,907
|
1,177
|
|
Orion S.A.
|
29,262
|
194
|
|
Perimeter Solutions, Inc.*
|
76,907
|
2,742
|
|
PureCycle Technologies, Inc.* †
|
73,811
|
599
|
|
Quaker Chemical Corp.
|
7,095
|
1,127
|
|
Rayonier Advanced Materials, Inc.* †
|
30,644
|
241
|
|
Sensient Technologies Corp.
|
21,809
|
2,689
|
|
Stepan Co.
|
11,145
|
621
|
|
Tronox Holdings PLC
|
60,113
|
379
|
|
Valhi, Inc.
|
1,869
|
27
|
|
|
|
30,249
|
|
Commercial Services & Supplies – 1.5%
|
||
|
ABM Industries, Inc.
|
29,931
|
1,324
|
|
ACCO Brands Corp.
|
47,936
|
199
|
|
ACV Auctions, Inc., Class A*
|
86,766
|
624
|
|
BrightView Holdings, Inc.*
|
36,155
|
512
|
|
Brink's (The) Co.†
|
21,144
|
1,998
|
|
Casella Waste Systems, Inc., Class A*
|
32,338
|
3,136
|
|
Cimpress PLC*
|
8,654
|
880
|
|
Civeo Corp.*
|
5,384
|
189
|
|
CompX International, Inc.
|
869
|
22
|
|
CoreCivic, Inc.*
|
49,768
|
1,512
|
|
Deluxe Corp.
|
22,730
|
543
|
|
Ennis, Inc.
|
12,797
|
272
|
|
Enviri Corp.*
|
13,560
|
298
|
|
GEO Group (The), Inc.*
|
64,818
|
1,915
|
|
Healthcare Services Group, Inc.*
|
35,193
|
864
|
|
HNI Corp.†
|
36,630
|
1,480
|
|
Interface, Inc.
|
29,578
|
1,060
|
|
Liquidity Services, Inc.*
|
12,173
|
476
|
|
Millerknoll, Inc.
|
34,925
|
715
|
|
NLI Holdings, Inc.
|
4,247
|
25
|
|
Onterris, Inc.* †
|
17,386
|
351
|
|
OPENLANE, Inc.*
|
54,030
|
2,228
|
|
Perma-Fix Environmental Services, Inc.*
†
|
8,033
|
115
|
|
Pitney Bowes, Inc.
|
73,771
|
1,293
|
|
Quad/Graphics, Inc.†
|
14,105
|
119
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Commercial Services & Supplies – 1.5%continued
|
||
|
UniFirst Corp.
|
7,477
|
$1,977
|
|
Vestis Corp.*
|
47,070
|
684
|
|
|
|
24,811
|
|
Communications Equipment – 1.1%
|
||
|
ADTRAN Holdings, Inc.*
|
38,878
|
540
|
|
Aviat Networks, Inc.*
|
6,203
|
138
|
|
BK Technologies Corp.* †
|
1,567
|
135
|
|
Calix, Inc.*
|
30,006
|
1,120
|
|
Clearfield, Inc.*
|
5,564
|
221
|
|
Digi International, Inc.*
|
19,013
|
1,425
|
|
Extreme Networks, Inc.*
|
65,727
|
2,128
|
|
Harmonic, Inc.*
|
56,133
|
917
|
|
Inseego Corp.* †
|
6,452
|
67
|
|
KVH Industries, Inc.*
|
6,412
|
63
|
|
Lantronix, Inc.*
|
18,436
|
108
|
|
NETGEAR, Inc.* †
|
13,001
|
304
|
|
NetScout Systems, Inc.*
|
36,079
|
1,571
|
|
Ondas, Inc.* †
|
246,872
|
2,034
|
|
Ribbon Communications, Inc.*
|
43,541
|
102
|
|
Viasat, Inc.*
|
64,259
|
5,771
|
|
Vistance Networks, Inc.*
|
112,635
|
1,439
|
|
|
|
18,083
|
|
Construction & Engineering – 2.0%
|
||
|
Ameresco, Inc., Class A* †
|
16,607
|
458
|
|
Arcosa, Inc.
|
25,048
|
3,639
|
|
Argan, Inc.
|
6,951
|
5,551
|
|
Bowman Consulting Group Ltd.*
|
7,517
|
220
|
|
Cardinal Infrastructure Group, Inc.,
Class A* †
|
8,673
|
817
|
|
Centuri Holdings, Inc.*
|
44,806
|
1,355
|
|
Concrete Pumping Holdings, Inc.* †
|
10,410
|
125
|
|
Construction Partners, Inc., Class A* †
|
24,467
|
2,906
|
|
Fluor Corp.*
|
72,672
|
3,807
|
|
Granite Construction, Inc.†
|
22,563
|
3,567
|
|
INNOVATE Corp.*
|
2,944
|
55
|
|
Legence Corp., Class A*
|
29,706
|
2,532
|
|
Limbach Holdings, Inc.*
|
5,656
|
436
|
|
Matrix Service Co.*
|
14,173
|
194
|
|
MYR Group, Inc.*
|
7,920
|
3,963
|
|
NWPX Infrastructure, Inc.*
|
4,802
|
720
|
|
Orion Group Holdings, Inc.*
|
19,732
|
332
|
|
Tutor Perini Corp.
|
23,198
|
1,925
|
|
|
|
32,602
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Construction Materials – 0.2%
|
||
|
Knife River Corp.*
|
29,367
|
$2,457
|
|
Smith-Midland Corp.* †
|
1,118
|
32
|
|
Titan America S.A.*
|
13,204
|
246
|
|
United States Lime & Minerals, Inc.
|
5,577
|
584
|
|
|
|
3,319
|
|
Consumer Finance – 1.2%
|
||
|
Atlanticus Holdings Corp.*
|
2,485
|
254
|
|
Bread Financial Holdings, Inc.
|
20,678
|
2,241
|
|
Consumer Portfolio Services, Inc.*
|
4,289
|
41
|
|
Dave, Inc.*
|
5,194
|
1,935
|
|
Encore Capital Group, Inc.*
|
10,728
|
1,001
|
|
Enova International, Inc.*
|
12,330
|
2,968
|
|
FirstCash Holdings, Inc.
|
20,829
|
4,506
|
|
Green Dot Corp., Class A*
|
28,478
|
385
|
|
Happen, Inc.*
|
58,111
|
1,205
|
|
Jefferson Capital, Inc.†
|
11,731
|
228
|
|
LendingTree, Inc.*
|
5,876
|
260
|
|
Medallion Financial Corp.†
|
8,953
|
91
|
|
Navient Corp.†
|
32,860
|
280
|
|
Nelnet, Inc., Class A
|
7,565
|
1,009
|
|
NerdWallet, Inc., Class A*
|
15,320
|
142
|
|
Oportun Financial Corp.*
|
21,151
|
121
|
|
OppFi, Inc.*
|
11,674
|
116
|
|
PRA Group, Inc.*
|
19,513
|
371
|
|
PROG Holdings, Inc.
|
20,043
|
934
|
|
Regional Management Corp.
|
4,305
|
177
|
|
Upstart Holdings, Inc.* †
|
43,337
|
1,535
|
|
World Acceptance Corp.*
|
1,283
|
287
|
|
|
|
20,087
|
|
Consumer Staples Distribution & Retail – 0.6%
|
||
|
Andersons (The), Inc.†
|
16,944
|
1,159
|
|
Chefs' Warehouse (The), Inc.*
|
18,823
|
1,809
|
|
Grocery Outlet Holding Corp.* †
|
47,965
|
479
|
|
Ingles Markets, Inc., Class A
|
7,506
|
665
|
|
Natural Grocers by Vitamin Cottage,
Inc.
|
6,794
|
211
|
|
PriceSmart, Inc.
|
13,316
|
2,601
|
|
United Natural Foods, Inc.*
|
30,876
|
1,410
|
|
Village Super Market, Inc., Class A
|
4,755
|
200
|
|
Weis Markets, Inc.†
|
6,316
|
494
|
|
Yesway, Inc., Class A*
|
8,113
|
165
|
|
|
|
9,193
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Containers & Packaging – 0.2%
|
||
|
Ardagh Metal Packaging S.A.
|
72,763
|
$345
|
|
Greif, Inc., Class A
|
12,350
|
920
|
|
Greif, Inc., Class B†
|
2,439
|
228
|
|
Myers Industries, Inc.
|
19,165
|
677
|
|
O-I Glass, Inc.*
|
78,939
|
760
|
|
Ranpak Holdings Corp.*
|
25,315
|
185
|
|
TriMas Corp.
|
13,932
|
627
|
|
|
|
3,742
|
|
Distributors – 0.1%
|
||
|
GigaCloud Technology, Inc., Class A*
|
12,955
|
409
|
|
Gold.com, Inc.
|
10,096
|
420
|
|
Weyco Group, Inc.†
|
3,202
|
126
|
|
|
|
955
|
|
Diversified Consumer Services – 1.1%
|
||
|
American Public Education, Inc.* †
|
9,073
|
487
|
|
Carriage Services, Inc.
|
7,428
|
285
|
|
Coursera, Inc.*
|
111,753
|
630
|
|
Covista, Inc.*
|
17,422
|
2,172
|
|
Driven Brands Holdings, Inc.*
|
30,843
|
430
|
|
Frontdoor, Inc.*
|
36,248
|
2,812
|
|
Graham Holdings Co., Class B
|
1,613
|
1,841
|
|
KinderCare Learning Cos., Inc.*
|
12,398
|
53
|
|
Laureate Education, Inc.*
|
61,860
|
2,247
|
|
Lincoln Educational Services Corp.*
|
15,261
|
761
|
|
Matthews International Corp., Class A
|
15,312
|
412
|
|
McGraw Hill, Inc.* †
|
11,312
|
107
|
|
OneSpaWorld Holdings Ltd.
|
50,670
|
1,431
|
|
Perdoceo Education Corp.
|
32,362
|
1,036
|
|
Phoenix Education Partners, Inc.
|
2,695
|
89
|
|
Strategic Education, Inc.†
|
11,290
|
865
|
|
Stride, Inc.*
|
21,401
|
1,846
|
|
Universal Technical Institute, Inc.*
|
24,257
|
1,037
|
|
|
|
18,541
|
|
Diversified Real Estate Investment Trusts – 0.5%
|
||
|
AH Realty Trust, Inc.
|
40,021
|
283
|
|
Alpine Income Property Trust, Inc.†
|
8,078
|
168
|
|
American Assets Trust, Inc.
|
25,243
|
623
|
|
Broadstone Net Lease, Inc.†
|
98,328
|
2,032
|
|
CTO Realty Growth, Inc.
|
16,764
|
361
|
|
Essential Properties Realty Trust, Inc.
|
111,368
|
3,324
|
|
Gladstone Commercial Corp.†
|
25,349
|
312
|
|
Global Net Lease, Inc.
|
97,930
|
876
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Diversified Real Estate Investment Trusts – 0.5%continued
|
||
|
Modiv Industrial, Inc.†
|
4,928
|
$86
|
|
NexPoint Diversified Real Estate Trust†
|
19,101
|
99
|
|
|
|
8,164
|
|
Diversified Telecommunication Services – 0.5%
|
||
|
Anterix, Inc.*
|
5,813
|
598
|
|
ATN International, Inc.†
|
4,931
|
131
|
|
Bandwidth, Inc., Class A*
|
14,954
|
946
|
|
Cogent Communications Holdings, Inc.
|
25,444
|
353
|
|
IDT Corp., Class B
|
8,438
|
491
|
|
Liberty Capital Corp.*
|
1,037
|
23
|
|
Liberty Capital Corp., Class C*
|
17,430
|
376
|
|
Liberty Latin America Ltd., Class A*
|
14,191
|
111
|
|
Liberty Latin America Ltd., Class C* †
|
67,192
|
523
|
|
Lumen Technologies, Inc.*
|
492,165
|
3,780
|
|
Shenandoah Telecommunications Co.†
|
25,589
|
386
|
|
Uniti Group, Inc.* †
|
86,549
|
993
|
|
|
|
8,711
|
|
Electric Utilities – 0.6%
|
||
|
Genie Energy Ltd., Class B
|
9,855
|
142
|
|
Hawaiian Electric Industries, Inc.* †
|
84,199
|
1,139
|
|
MGE Energy, Inc.†
|
19,087
|
1,556
|
|
Otter Tail Corp.
|
19,780
|
1,780
|
|
Portland General Electric Co.
|
59,781
|
3,099
|
|
TXNM Energy, Inc. (New York Stock
Exchange)
|
52,677
|
2,991
|
|
|
|
10,707
|
|
Electrical Equipment – 1.3%
|
||
|
Allient, Inc.
|
7,545
|
777
|
|
American Superconductor Corp.*
|
23,838
|
990
|
|
Amprius Technologies, Inc.*
|
69,477
|
963
|
|
Array Technologies, Inc.* †
|
78,206
|
579
|
|
Atkore, Inc.
|
17,324
|
1,317
|
|
Babcock & Wilcox Enterprises, Inc.*
|
67,800
|
956
|
|
ChargePoint Holdings, Inc.*
|
12,848
|
76
|
|
Energous Corp.*
|
2,779
|
67
|
|
Energy Vault Holdings, Inc.* †
|
71,401
|
336
|
|
EnerSys
|
18,822
|
4,401
|
|
Enovix Corp.* †
|
100,444
|
610
|
|
Eos Energy Enterprises, Inc.* †
|
174,261
|
1,025
|
|
Espey Mfg. & Electronics Corp.
|
1,030
|
69
|
|
Fluence Energy, Inc.*
|
44,258
|
880
|
|
FuelCell Energy, Inc.*
|
27,448
|
988
|
|
GrafTech International Ltd.*
|
8,976
|
53
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Electrical Equipment – 1.3%continued
|
||
|
Hyliion Holdings Corp.*
|
65,777
|
$343
|
|
LSI Industries, Inc.
|
16,645
|
442
|
|
NANO Nuclear Energy, Inc.* †
|
22,028
|
466
|
|
Net Power, Inc.* †
|
23,388
|
39
|
|
NuScale Power Corp.*
|
164,778
|
1,653
|
|
Plug Power, Inc.* †
|
692,225
|
1,876
|
|
Power Solutions International, Inc.*
|
4,341
|
169
|
|
Preformed Line Products Co.
|
1,254
|
515
|
|
SES AI Corp.* †
|
131,564
|
126
|
|
Shoals Technologies Group, Inc.,
Class A*
|
86,303
|
854
|
|
Sunrun, Inc.*
|
118,246
|
1,582
|
|
Tigo Energy, Inc.*
|
19,989
|
47
|
|
|
|
22,199
|
|
Electronic Equipment, Instruments & Components – 2.8%
|
||
|
908 Devices, Inc.*
|
15,131
|
132
|
|
Aeva Technologies, Inc.*
|
13,670
|
393
|
|
Arlo Technologies, Inc.* †
|
54,972
|
741
|
|
Badger Meter, Inc.†
|
15,080
|
2,237
|
|
Bel Fuse, Inc., Class A
|
865
|
252
|
|
Bel Fuse, Inc., Class B
|
6,174
|
2,056
|
|
Belden, Inc.
|
19,939
|
2,391
|
|
Benchmark Electronics, Inc.
|
18,232
|
1,799
|
|
Climb Global Solutions, Inc.†
|
8,370
|
194
|
|
Crane NXT Co.†
|
25,480
|
1,303
|
|
CTS Corp.
|
14,479
|
944
|
|
Daktronics, Inc.* †
|
20,494
|
401
|
|
ePlus, Inc.
|
13,401
|
1,115
|
|
Evolv Technologies Holdings, Inc.*
|
83,035
|
482
|
|
Forward Industries, Inc.* †
|
27,903
|
118
|
|
Frequency Electronics, Inc.*
|
3,487
|
231
|
|
Insight Enterprises, Inc.*
|
14,577
|
1,775
|
|
Itron, Inc.*
|
22,603
|
1,956
|
|
Kimball Electronics, Inc.*
|
12,391
|
317
|
|
Knowles Corp.*
|
43,484
|
1,804
|
|
LightPath Technologies, Inc., Class A*
|
27,925
|
457
|
|
Lightwave Logic, Inc.*
|
81,202
|
768
|
|
Methode Electronics, Inc.(2) †
|
17,685
|
336
|
|
Mirion Technologies, Inc.* †
|
122,555
|
2,197
|
|
M-Tron Industries, Inc.* †
|
2,147
|
213
|
|
Napco Security Technologies, Inc.
|
17,667
|
671
|
|
nLight, Inc.*
|
28,253
|
1,967
|
|
Novanta, Inc.*
|
18,353
|
2,978
|
|
OSI Systems, Inc.*
|
8,111
|
1,774
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Electronic Equipment, Instruments & Components – 2.8%continued
|
||
|
Ouster, Inc.*
|
31,699
|
$1,982
|
|
PC Connection, Inc.
|
5,468
|
399
|
|
Plexus Corp.*
|
13,703
|
4,120
|
|
Powerfleet, Inc. NJ*
|
66,670
|
255
|
|
RF Industries Ltd.*
|
4,333
|
92
|
|
Richardson Electronics Ltd.
|
6,377
|
121
|
|
Rogers Corp.*
|
9,176
|
1,502
|
|
ScanSource, Inc.*
|
11,115
|
579
|
|
SmartRent, Inc.*
|
89,035
|
106
|
|
Syntec Optics Holdings, Inc.*
|
3,666
|
46
|
|
Unusual Machines, Inc.*
|
23,551
|
525
|
|
Vishay Intertechnology, Inc.
|
62,395
|
3,356
|
|
Vishay Precision Group, Inc.*
|
6,175
|
926
|
|
Vuzix Corp.* †
|
34,120
|
99
|
|
|
|
46,110
|
|
Energy Equipment & Services – 2.4%
|
||
|
Archrock, Inc.
|
88,412
|
3,599
|
|
Atlas Energy Solutions, Inc.†
|
41,850
|
695
|
|
Borr Drilling Ltd.* †
|
119,296
|
493
|
|
Bristow Group, Inc.
|
13,417
|
554
|
|
Cactus, Inc., Class A
|
35,678
|
1,828
|
|
Core Laboratories, Inc.
|
24,001
|
280
|
|
Energy Services of America Corp.
|
7,220
|
140
|
|
Expro Group Holdings N.V.* †
|
42,150
|
622
|
|
Flowco Holdings, Inc., Class A
|
18,198
|
388
|
|
Forum Energy Technologies, Inc.*
|
5,513
|
277
|
|
Helix Energy Solutions Group, Inc.*
|
71,436
|
624
|
|
Helmerich & Payne, Inc.
|
49,778
|
1,630
|
|
HMH Holding, Inc., Class A*
|
5,352
|
100
|
|
Innovex International, Inc.*
|
23,013
|
571
|
|
Kodiak Gas Services, Inc.
|
51,113
|
3,840
|
|
Liberty Energy, Inc.
|
81,660
|
2,139
|
|
Nabors Industries Ltd.*
|
7,264
|
610
|
|
National Energy Services Reunited
Corp.*
|
31,110
|
931
|
|
Natural Gas Services Group, Inc.
|
6,112
|
264
|
|
Noble Corp. PLC
|
65,002
|
2,425
|
|
Oceaneering International, Inc.* †
|
50,984
|
2,066
|
|
Oil States International, Inc.*
|
28,981
|
232
|
|
Patterson-UTI Energy, Inc.
|
177,870
|
1,633
|
|
ProFrac Holding Corp., Class A* †
|
12,745
|
74
|
|
ProPetro Holding Corp.*
|
50,985
|
731
|
|
Ranger Energy Services, Inc., Class A†
|
9,751
|
156
|
|
RPC, Inc.
|
51,725
|
301
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Energy Equipment & Services – 2.4%continued
|
||
|
SEACOR Marine Holdings, Inc.* †
|
11,620
|
$89
|
|
Seadrill Ltd.*
|
32,178
|
1,217
|
|
Select Water Solutions, Inc.
|
57,596
|
1,151
|
|
Smart Sand, Inc.
|
15,536
|
78
|
|
Solaris Energy Infrastructure, Inc.
|
27,020
|
2,174
|
|
TETRA Technologies, Inc.*
|
65,935
|
747
|
|
Tidewater, Inc.*
|
25,351
|
1,689
|
|
Transocean Ltd.* †
|
499,844
|
2,444
|
|
Valaris Ltd.*
|
29,104
|
2,113
|
|
|
|
38,905
|
|
Entertainment – 0.8%
|
||
|
AMC Entertainment Holdings, Inc.,
Class A*
|
315,849
|
600
|
|
Atlanta Braves Holdings, Inc., Class A*
†
|
3,337
|
188
|
|
Atlanta Braves Holdings, Inc., Class C*
|
25,322
|
1,314
|
|
Cinemark Holdings, Inc.
|
53,962
|
1,712
|
|
CuriosityStream, Inc.
|
15,688
|
42
|
|
IMAX Corp.*
|
23,349
|
931
|
|
Lionsgate Studios Corp.*
|
100,646
|
1,541
|
|
Madison Square Garden Entertainment
Corp.*
|
20,207
|
1,635
|
|
Marcus (The) Corp.
|
11,052
|
259
|
|
Playtika Holding Corp.†
|
25,297
|
94
|
|
Reservoir Media, Inc.* †
|
10,489
|
104
|
|
Sphere Entertainment Co.*
|
14,018
|
2,425
|
|
Starz Entertainment Corp.*
|
6,003
|
173
|
|
Stubhub Holdings, Inc., Class A*
|
113,060
|
1,455
|
|
|
|
12,473
|
|
Financial Services – 2.1%
|
||
|
Acacia Research Corp.*
|
18,261
|
85
|
|
Alerus Financial Corp.†
|
12,153
|
378
|
|
Better Home & Finance Holding Co.* †
|
4,169
|
115
|
|
Bladex, Inc.
|
14,963
|
920
|
|
Burford Capital Ltd.†
|
102,843
|
422
|
|
Cannae Holdings, Inc.
|
19,476
|
280
|
|
Cass Information Systems, Inc.
|
5,988
|
307
|
|
Compass Diversified Holdings*
|
34,427
|
367
|
|
Dlocal Ltd.
|
46,793
|
608
|
|
Enact Holdings, Inc.†
|
13,886
|
635
|
|
Essent Group Ltd.
|
46,182
|
2,969
|
|
EVERTEC, Inc.
|
31,614
|
878
|
|
Federal Agricultural Mortgage Corp.,
Class C
|
4,773
|
951
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Financial Services – 2.1%continued
|
||
|
Finance of America Cos., Inc., Class A*
†
|
1,323
|
$36
|
|
Flywire Corp.*
|
60,715
|
1,067
|
|
HA Sustainable Infrastructure Capital,
Inc.†
|
65,247
|
2,548
|
|
International Money Express, Inc.*
|
14,418
|
208
|
|
Jackson Financial, Inc., Class A
|
33,455
|
3,425
|
|
loanDepot, Inc., Class A* †
|
60,864
|
76
|
|
Marqeta, Inc., Class A*
|
177,321
|
720
|
|
Merchants Bancorp
|
12,801
|
640
|
|
NCR Atleos Corp.*
|
37,446
|
1,626
|
|
NewtekOne, Inc.
|
13,380
|
198
|
|
NMI Holdings, Inc.*
|
38,889
|
1,598
|
|
Onity Group, Inc.*
|
3,223
|
128
|
|
Pagseguro Digital Ltd., Class A
|
84,438
|
764
|
|
Paymentus Holdings, Inc., Class A*
|
30,268
|
731
|
|
Payoneer Global, Inc.*
|
133,894
|
953
|
|
Paysafe Ltd.* †
|
10,356
|
77
|
|
Paysign, Inc.*
|
22,206
|
182
|
|
PennyMac Financial Services, Inc.
|
15,189
|
1,323
|
|
Priority Technology Holdings, Inc.* †
|
17,236
|
115
|
|
Radian Group, Inc.
|
69,143
|
2,605
|
|
Remitly Global, Inc.*
|
96,105
|
2,154
|
|
Repay Holdings Corp.*
|
29,047
|
122
|
|
Security National Financial Corp.,
Class A* †
|
8,491
|
82
|
|
Sezzle, Inc.* †
|
8,301
|
1,425
|
|
StoneCo Ltd., Class A†
|
117,517
|
1,274
|
|
Velocity Financial, Inc.* †
|
6,479
|
120
|
|
Walker & Dunlop, Inc.
|
17,135
|
937
|
|
Waterstone Financial, Inc.
|
7,567
|
157
|
|
|
|
34,206
|
|
Food Products – 0.5%
|
||
|
Alico, Inc.
|
2,677
|
111
|
|
B&G Foods, Inc.†
|
40,658
|
162
|
|
BRC, Inc., Class A* †
|
30,280
|
34
|
|
Cal-Maine Foods, Inc.
|
22,143
|
1,784
|
|
Del Monte Corp.
|
16,787
|
468
|
|
Dole PLC
|
39,590
|
543
|
|
Flowers Foods, Inc.†
|
96,914
|
766
|
|
Forafric Global PLC* †
|
3,264
|
33
|
|
J&J Snack Foods Corp.†
|
7,711
|
566
|
|
John B. Sanfilippo & Son, Inc.
|
4,173
|
359
|
|
Lifeway Foods, Inc.* †
|
2,966
|
88
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Food Products – 0.5%continued
|
||
|
Limoneira Co.†
|
8,369
|
$110
|
|
Mama's Creations, Inc.*
|
19,013
|
339
|
|
Marzetti (The) Co.
|
10,098
|
1,153
|
|
Mission Produce, Inc.*
|
29,531
|
348
|
|
Once Upon a Farm PBC* †
|
6,259
|
128
|
|
Seneca Foods Corp., Class A*
|
2,288
|
398
|
|
Simply Good Foods (The) Co.*
|
42,731
|
567
|
|
Utz Brands, Inc.†
|
38,528
|
297
|
|
Vital Farms, Inc.* †
|
18,881
|
220
|
|
Westrock Coffee Co.* †
|
19,348
|
157
|
|
|
|
8,631
|
|
Gas Utilities – 1.0%
|
||
|
Brookfield Infrastructure Corp., Class A†
|
63,898
|
2,460
|
|
Chesapeake Utilities Corp.
|
12,290
|
1,505
|
|
New Jersey Resources Corp.
|
51,996
|
2,914
|
|
Northwest Natural Holding Co.
|
21,700
|
1,065
|
|
ONE Gas, Inc.
|
32,244
|
2,485
|
|
RGC Resources, Inc.†
|
3,935
|
94
|
|
Southwest Gas Holdings, Inc.
|
37,349
|
3,312
|
|
Spire, Inc.
|
29,952
|
2,339
|
|
|
|
16,174
|
|
Ground Transportation – 0.4%
|
||
|
ArcBest Corp.
|
11,323
|
1,625
|
|
Covenant Logistics Group, Inc.†
|
8,049
|
356
|
|
FTAI Infrastructure, Inc.†
|
57,122
|
265
|
|
Heartland Express, Inc.†
|
19,413
|
295
|
|
Hertz Global Holdings, Inc.* †
|
66,469
|
151
|
|
Marten Transport Ltd.
|
29,959
|
520
|
|
PAMT CORP.*
|
2,369
|
33
|
|
Proficient Auto Logistics, Inc.* †
|
10,658
|
73
|
|
RXO, Inc.* †
|
84,838
|
2,341
|
|
Universal Logistics Holdings, Inc.†
|
3,037
|
45
|
|
Werner Enterprises, Inc.†
|
30,711
|
1,339
|
|
|
|
7,043
|
|
Health Care Equipment & Supplies – 2.7%
|
||
|
Acme United Corp.†
|
1,548
|
74
|
|
Alphatec Holdings, Inc.*
|
62,808
|
543
|
|
AngioDynamics, Inc.*
|
19,201
|
250
|
|
Anteris Technologies Global Corp.* †
|
41,273
|
406
|
|
Artivion, Inc.*
|
23,149
|
520
|
|
AtriCure, Inc.*
|
25,258
|
707
|
|
Avanos Medical, Inc.*
|
23,107
|
575
|
|
Axogen, Inc.*
|
26,605
|
1,229
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Health Care Equipment & Supplies – 2.7%continued
|
||
|
Beta Bionics, Inc.* †
|
20,634
|
$323
|
|
Bioventus, Inc., Class A* †
|
24,321
|
230
|
|
Butterfly Network, Inc.*
|
106,521
|
897
|
|
CapsoVision, Inc.*
|
18,030
|
137
|
|
Carlsmed, Inc.* †
|
4,439
|
46
|
|
Ceribell, Inc.*
|
14,183
|
276
|
|
Cerus Corp.*
|
102,403
|
299
|
|
ClearPoint Neuro, Inc.* †
|
14,071
|
251
|
|
CONMED Corp.
|
15,650
|
512
|
|
CVRx, Inc.* †
|
5,648
|
29
|
|
Delcath Systems, Inc.*
|
14,954
|
188
|
|
DENTSPLY SIRONA, Inc.
|
103,763
|
1,101
|
|
Electromed, Inc.*
|
3,464
|
146
|
|
Embecta Corp.†
|
26,044
|
85
|
|
Enovis Corp.* †
|
29,500
|
611
|
|
Establishment Labs Holdings, Inc.* †
|
13,706
|
1,176
|
|
Glaukos Corp.*
|
29,171
|
4,077
|
|
Haemonetics Corp.*
|
23,866
|
1,790
|
|
Hyperfine, Inc.* †
|
40,754
|
55
|
|
ICU Medical, Inc.* †
|
12,506
|
1,833
|
|
Inogen, Inc.* †
|
12,467
|
80
|
|
Inspire Medical Systems, Inc.*
|
14,708
|
656
|
|
Integer Holdings Corp.*
|
17,361
|
1,622
|
|
Integra LifeSciences Holdings Corp.*
|
34,677
|
623
|
|
iRadimed Corp.
|
4,337
|
414
|
|
IRhythm Holdings, Inc.*
|
16,753
|
1,993
|
|
Kestra Medical Technologies Ltd.* †
|
13,524
|
344
|
|
KORU Medical Systems, Inc.* †
|
21,744
|
91
|
|
Lantheus Holdings, Inc.*
|
33,041
|
3,665
|
|
LeMaitre Vascular, Inc.
|
11,053
|
1,061
|
|
LivaNova PLC*
|
28,428
|
2,338
|
|
Lucid Diagnostics, Inc.* †
|
77,421
|
83
|
|
Merit Medical Systems, Inc.*
|
30,288
|
2,100
|
|
MiniMed Group, Inc.*
|
14,840
|
222
|
|
Neogen Corp.*
|
112,112
|
1,008
|
|
NeuroPace, Inc.*
|
13,639
|
217
|
|
Novocure Ltd.*
|
54,102
|
820
|
|
Omnicell, Inc.*
|
23,100
|
959
|
|
OraSure Technologies, Inc.*
|
32,916
|
147
|
|
Orchestra BioMed Holdings, Inc.*
|
18,442
|
80
|
|
Orthofix Medical, Inc.*
|
20,970
|
192
|
|
OrthoPediatrics Corp.* †
|
8,311
|
159
|
|
Procept Biorobotics Corp.*
|
28,511
|
644
|
|
Pro-Dex, Inc.* †
|
972
|
57
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Health Care Equipment & Supplies – 2.7%continued
|
||
|
Pulse Biosciences, Inc.* †
|
9,552
|
$265
|
|
QuidelOrtho Corp.*
|
34,964
|
612
|
|
RxSight, Inc.* †
|
20,746
|
100
|
|
Sanara Medtech, Inc.*
|
1,830
|
43
|
|
Senseonics Holdings, Inc.* †
|
20,553
|
117
|
|
Shoulder Innovations, Inc.*
|
5,469
|
111
|
|
SI-BONE, Inc.* †
|
22,265
|
363
|
|
Sight Sciences, Inc.* †
|
19,964
|
108
|
|
STAAR Surgical Co.* †
|
17,171
|
493
|
|
Stereotaxis, Inc.* †
|
26,120
|
45
|
|
Strive, Inc., Class A* †
|
32,820
|
358
|
|
Tactile Systems Technology, Inc.*
|
11,565
|
344
|
|
Tandem Diabetes Care, Inc.* †
|
35,361
|
534
|
|
TransMedics Group, Inc.*
|
17,370
|
1,154
|
|
UFP Technologies, Inc.* †
|
3,859
|
1,023
|
|
Utah Medical Products, Inc.†
|
1,554
|
107
|
|
Varex Imaging Corp.*
|
21,985
|
229
|
|
|
|
43,947
|
|
Health Care Providers & Services – 2.9%
|
||
|
Acadia Healthcare Co., Inc.*
|
47,102
|
1,391
|
|
Accendra Health, Inc.*
|
32,481
|
111
|
|
AdaptHealth Corp.*
|
52,180
|
544
|
|
Addus HomeCare Corp.*
|
9,439
|
948
|
|
agilon health, Inc.* †
|
6,321
|
678
|
|
AirSculpt Technologies, Inc.* †
|
5,620
|
25
|
|
Alignment Healthcare, Inc.*
|
103,329
|
2,460
|
|
AMN Healthcare Services, Inc.*
|
20,085
|
650
|
|
Ardent Health, Inc.*
|
11,022
|
108
|
|
Astrana Health, Inc.*
|
23,077
|
1,071
|
|
Aveanna Healthcare Holdings, Inc.*
|
39,636
|
340
|
|
BrightSpring Health Services, Inc.*
|
82,517
|
5,755
|
|
Brookdale Senior Living, Inc.*
|
121,305
|
1,952
|
|
Castle Biosciences, Inc.*
|
15,156
|
362
|
|
Clover Health Investments Corp.*
|
212,901
|
1,116
|
|
Community Health Systems, Inc.*
|
67,345
|
225
|
|
Concentra Group Holdings Parent, Inc.
|
59,628
|
1,774
|
|
CorVel Corp.*
|
14,956
|
935
|
|
Cross Country Healthcare, Inc.*
|
14,771
|
195
|
|
Fulgent Genetics, Inc.*
|
9,177
|
188
|
|
GeneDx Holdings Corp.*
|
10,124
|
695
|
|
Guardian Pharmacy Services, Inc.,
Class A*
|
9,020
|
378
|
|
HealthEquity, Inc.*
|
42,815
|
3,867
|
|
Hims & Hers Health, Inc.* †
|
109,346
|
3,791
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Health Care Providers & Services – 2.9%continued
|
||
|
Hinge Health, Inc., Class A*
|
21,192
|
$1,759
|
|
InfuSystem Holdings, Inc.*
|
9,963
|
96
|
|
Innovage Holding Corp.*
|
10,367
|
123
|
|
LifeStance Health Group, Inc.*
|
96,905
|
1,038
|
|
Lumexa Imaging Holdings, Inc.* †
|
8,290
|
94
|
|
National HealthCare Corp.
|
6,552
|
1,385
|
|
NeoGenomics, Inc.*
|
66,638
|
972
|
|
NRC Health†
|
6,148
|
133
|
|
Nutex Health, Inc.* †
|
2,540
|
434
|
|
Omada Health, Inc.*
|
17,833
|
391
|
|
Oncology Institute (The), Inc.*
|
36,877
|
200
|
|
OPKO Health, Inc.* †
|
197,187
|
296
|
|
Option Care Health, Inc.*
|
80,777
|
1,694
|
|
PACS Group, Inc.*
|
23,585
|
1,006
|
|
Pediatrix Medical Group, Inc.*
|
42,142
|
1,067
|
|
Pennant Group (The), Inc.*
|
17,062
|
630
|
|
Privia Health Group, Inc.*
|
61,295
|
1,577
|
|
Progyny, Inc.*
|
34,548
|
996
|
|
RadNet, Inc.*
|
36,192
|
2,232
|
|
SBC Medical Group Holdings, Inc.* †
|
8,677
|
27
|
|
Sonida Senior Living, Inc.* †
|
14,543
|
593
|
|
Strata Critical Medical, Inc.* †
|
35,489
|
187
|
|
Surgery Partners, Inc.* †
|
40,594
|
682
|
|
Talkspace, Inc.*
|
73,877
|
384
|
|
U.S. Physical Therapy, Inc.†
|
7,590
|
521
|
|
Viemed Healthcare, Inc.*
|
17,649
|
201
|
|
|
|
48,277
|
|
Health Care Real Estate Investment Trusts – 0.8%
|
||
|
CareTrust REIT, Inc.
|
114,845
|
4,634
|
|
Chiron Real Estate, Inc.†
|
6,600
|
248
|
|
Community Healthcare Trust, Inc.†
|
14,119
|
258
|
|
Diversified Healthcare Trust†
|
112,907
|
1,050
|
|
LTC Properties, Inc.
|
25,089
|
965
|
|
National Health Investors, Inc.
|
24,560
|
1,873
|
|
National Healthcare Properties, Inc.*
|
23,554
|
345
|
|
Sabra Health Care REIT, Inc.
|
129,057
|
2,518
|
|
Sila Realty Trust, Inc.†
|
25,505
|
774
|
|
Strawberry Fields REIT, Inc.
|
4,513
|
62
|
|
Universal Health Realty Income Trust†
|
6,736
|
295
|
|
|
|
13,022
|
|
Health Care Technology – 0.3%
|
||
|
Certara, Inc.*
|
58,496
|
383
|
|
Claritev Corp.* †
|
5,089
|
173
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Health Care Technology – 0.3%continued
|
||
|
Evolent Health, Inc., Class A* †
|
58,232
|
$316
|
|
HealthStream, Inc.
|
11,844
|
323
|
|
HeartFlow, Inc.*
|
40,655
|
1,193
|
|
LifeMD, Inc.* †
|
19,914
|
82
|
|
Phreesia, Inc.*
|
24,027
|
247
|
|
Schrodinger, Inc.*
|
28,737
|
467
|
|
Simulations Plus, Inc.*
|
8,897
|
163
|
|
Teladoc Health, Inc.*
|
92,318
|
783
|
|
TruBridge, Inc.*
|
5,556
|
146
|
|
Waystar Holding Corp.*
|
56,378
|
1,157
|
|
|
|
5,433
|
|
Hotel & Resort Real Estate Investment Trusts – 0.8%
|
||
|
Apple Hospitality REIT, Inc.
|
111,254
|
1,870
|
|
Braemar Hotels & Resorts, Inc.
|
31,294
|
68
|
|
Chatham Lodging Trust
|
23,449
|
310
|
|
DiamondRock Hospitality Co.
|
104,775
|
1,276
|
|
Park Hotels & Resorts, Inc.
|
95,716
|
1,364
|
|
Pebblebrook Hotel Trust†
|
57,619
|
1,118
|
|
RLJ Lodging Trust†
|
63,451
|
752
|
|
Ryman Hospitality Properties, Inc.
|
31,759
|
4,083
|
|
Service Properties Trust
|
297,744
|
503
|
|
Summit Hotel Properties, Inc.†
|
53,339
|
374
|
|
Sunstone Hotel Investors, Inc.
|
92,535
|
1,059
|
|
Xenia Hotels & Resorts, Inc.
|
47,583
|
969
|
|
|
|
13,746
|
|
Hotels, Restaurants & Leisure – 2.0%
|
||
|
Accel Entertainment, Inc.*
|
26,413
|
333
|
|
Bally's Corp.* †
|
4,801
|
66
|
|
Biglari Holdings, Inc., Class A*
|
28
|
59
|
|
Biglari Holdings, Inc., Class B*
|
360
|
153
|
|
BJ's Restaurants, Inc.*
|
9,778
|
594
|
|
Black Rock Coffee Bar, Inc., Class A*
|
9,453
|
78
|
|
Bloomin' Brands, Inc.
|
44,408
|
406
|
|
Brightstar Lottery PLC
|
49,348
|
529
|
|
Brinker International, Inc.*
|
22,002
|
3,696
|
|
Cheesecake Factory (The), Inc.†
|
23,937
|
1,904
|
|
Cracker Barrel Old Country Store, Inc.†
|
11,510
|
614
|
|
Dave & Buster's Entertainment, Inc.*
|
14,207
|
162
|
|
Dine Brands Global, Inc.†
|
6,523
|
234
|
|
El Pollo Loco Holdings, Inc.* †
|
14,872
|
252
|
|
First Watch Restaurant Group, Inc.*
|
32,075
|
413
|
|
Genius Sports Ltd.*
|
120,789
|
732
|
|
Global Business Travel Group I*
|
64,050
|
601
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Hotels, Restaurants & Leisure – 2.0%continued
|
||
|
Hilton Grand Vacations, Inc.*
|
28,689
|
$1,502
|
|
Inspired Entertainment, Inc.*
|
11,461
|
95
|
|
Jack in the Box, Inc.* †
|
8,102
|
128
|
|
Krispy Kreme, Inc.* †
|
41,723
|
147
|
|
Kura Sushi U.S.A., Inc., Class A* †
|
3,575
|
206
|
|
Life Time Group Holdings, Inc.* †
|
74,084
|
3,026
|
|
Lindblad Expeditions Holdings, Inc.*
|
25,291
|
714
|
|
Marriott Vacations Worldwide Corp.
|
14,256
|
1,452
|
|
Monarch Casino & Resort, Inc.
|
6,178
|
813
|
|
Nathan's Famous, Inc.
|
1,511
|
154
|
|
Navan, Inc., Class A*
|
52,656
|
1,204
|
|
Papa John's International, Inc.†
|
16,965
|
624
|
|
Penn Entertainment, Inc.*
|
65,499
|
1,399
|
|
Portillo's, Inc., Class A* †
|
34,068
|
162
|
|
Pursuit Attractions and Hospitality, Inc.*
|
10,594
|
593
|
|
RCI Hospitality Holdings, Inc.
|
3,188
|
87
|
|
Red Rock Resorts, Inc., Class A†
|
24,334
|
1,583
|
|
Rush Street Interactive, Inc.*
|
51,323
|
1,526
|
|
Sabre Corp.* †
|
167,357
|
350
|
|
Serve Robotics, Inc.* †
|
37,057
|
244
|
|
Shake Shack, Inc., Class A*
|
20,014
|
1,121
|
|
SHARPLINK, Inc.*
|
95,243
|
457
|
|
Six Flags Entertainment Corp.* †
|
49,079
|
1,045
|
|
Super Group SGHC Ltd.
|
82,961
|
1,124
|
|
Sweetgreen, Inc., Class A*
|
53,659
|
473
|
|
Target Hospitality Corp.*
|
20,865
|
425
|
|
United Parks & Resorts, Inc.* †
|
10,067
|
481
|
|
Venu Holding Corp.*
|
25,328
|
58
|
|
Wendy's (The) Co.†
|
82,267
|
682
|
|
Xponential Fitness, Inc., Class A* †
|
18,610
|
129
|
|
|
|
32,830
|
|
Household Durables – 1.6%
|
||
|
Beazer Homes U.S.A., Inc.*
|
12,628
|
354
|
|
Cavco Industries, Inc.*
|
3,978
|
2,444
|
|
Century Communities, Inc.
|
12,943
|
927
|
|
Champion Homes, Inc.*
|
28,202
|
2,485
|
|
Cricut, Inc., Class A†
|
26,318
|
116
|
|
Dream Finders Homes, Inc., Class A*
|
13,711
|
237
|
|
Ethan Allen Interiors, Inc.
|
12,293
|
275
|
|
Flexsteel Industries, Inc.
|
1,685
|
125
|
|
GoPro, Inc., Class A*
|
71,918
|
56
|
|
Green Brick Partners, Inc.*
|
15,604
|
1,249
|
|
Hamilton Beach Brands Holding Co.,
Class A
|
3,774
|
87
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Household Durables – 1.6%continued
|
||
|
Helen of Troy Ltd.*
|
11,851
|
$345
|
|
Hovnanian Enterprises, Inc., Class A*
|
2,435
|
347
|
|
Installed Building Products, Inc.
|
12,078
|
2,776
|
|
KB Home
|
31,081
|
1,945
|
|
La-Z-Boy, Inc.†
|
20,614
|
827
|
|
Legacy Housing Corp.*
|
4,486
|
118
|
|
Leggett & Platt, Inc.
|
69,294
|
811
|
|
LGI Homes, Inc.*
|
10,581
|
674
|
|
Lifetime Brands, Inc.
|
6,355
|
54
|
|
Lovesac (The) Co.* †
|
7,422
|
124
|
|
M/I Homes, Inc.*
|
13,003
|
2,091
|
|
Meritage Homes Corp.
|
33,816
|
2,835
|
|
Newell Brands, Inc.
|
217,829
|
1,337
|
|
Sonos, Inc.*
|
61,535
|
833
|
|
Taylor Morrison Home Corp.*
|
48,202
|
3,458
|
|
XMAX, Inc.*
|
30,918
|
281
|
|
|
|
27,211
|
|
Household Products – 0.3%
|
||
|
Central Garden & Pet Co.*
|
4,017
|
178
|
|
Central Garden & Pet Co., Class A*
|
25,746
|
998
|
|
Energizer Holdings, Inc.†
|
31,522
|
676
|
|
Oil-Dri Corp. of America†
|
5,011
|
512
|
|
Spectrum Brands Holdings, Inc.
|
11,523
|
988
|
|
WD-40 Co.†
|
6,936
|
1,690
|
|
|
|
5,042
|
|
Independent Power & Renewable Electricity Producers – 0.2%
|
||
|
Hallador Energy Co.*
|
18,209
|
317
|
|
Montauk Renewables, Inc.* †
|
36,783
|
57
|
|
Ormat Technologies, Inc.†
|
31,792
|
3,462
|
|
|
|
3,836
|
|
Industrial Conglomerates – 0.1%
|
||
|
Brookfield Business Corp., Class A
|
35,338
|
1,055
|
|
Industrial Real Estate Investment Trusts – 0.4%
|
||
|
Industrial Logistics Properties Trust
|
29,311
|
260
|
|
Innovative Industrial Properties, Inc.†
|
14,595
|
905
|
|
LXP Industrial Trust†
|
29,865
|
1,609
|
|
One Liberty Properties, Inc.
|
8,450
|
206
|
|
Terreno Realty Corp.
|
54,052
|
3,501
|
|
|
|
6,481
|
|
Insurance – 2.1%
|
||
|
Abacus Global Management, Inc.†
|
14,013
|
150
|
|
Accelerant Holdings, Class A*
|
30,959
|
363
|
|
American Coastal Insurance Corp.
|
13,500
|
150
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Insurance – 2.1%continued
|
||
|
American Integrity Insurance Group,
Inc.†
|
6,333
|
$119
|
|
AMERISAFE, Inc.†
|
9,633
|
326
|
|
Ategrity Specialty Holdings LLC*
|
4,858
|
117
|
|
Baldwin Insurance Group (The), Inc.*
|
49,635
|
1,319
|
|
Bowhead Specialty Holdings, Inc.*
|
9,453
|
283
|
|
Citizens, Inc.* †
|
22,709
|
130
|
|
CNO Financial Group, Inc.
|
47,532
|
2,423
|
|
Crawford & Co., Class A
|
7,865
|
89
|
|
Donegal Group, Inc., Class A†
|
8,973
|
169
|
|
Employers Holdings, Inc.
|
9,449
|
477
|
|
Exzeo Group, Inc.* †
|
3,219
|
54
|
|
F&G Annuities & Life, Inc.
|
18,027
|
479
|
|
Genworth Financial, Inc.*
|
195,382
|
1,850
|
|
Goosehead Insurance, Inc., Class A*
|
11,890
|
577
|
|
Greenlight Capital Re Ltd., Class A*
|
13,516
|
219
|
|
Hamilton Insurance Group Ltd., Class B
|
23,423
|
795
|
|
HCI Group, Inc.
|
5,709
|
1,000
|
|
Heritage Insurance Holdings, Inc.*
|
12,560
|
328
|
|
Hippo Holdings, Inc.*
|
9,659
|
273
|
|
Horace Mann Educators Corp.
|
20,590
|
1,063
|
|
Investors Title Co.
|
751
|
205
|
|
James River Group Holdings, Inc.†
|
15,717
|
69
|
|
Kemper Corp.
|
30,255
|
816
|
|
Kingstone Cos., Inc.
|
6,099
|
116
|
|
Kingsway Corp.*
|
11,387
|
119
|
|
Lemonade, Inc.*
|
36,396
|
2,368
|
|
MBIA, Inc.*
|
24,342
|
159
|
|
Mercury General Corp.
|
13,779
|
1,469
|
|
Neptune Insurance Holdings, Inc.,
Class A*
|
19,332
|
609
|
|
NI Holdings, Inc.*
|
3,762
|
59
|
|
Octave Specialty Group, Inc.*
|
18,996
|
118
|
|
Oscar Health, Inc., Class A*
|
121,931
|
3,477
|
|
Palomar Holdings, Inc.*
|
13,447
|
1,700
|
|
Pelagos Insurance Capital Ltd.
|
22,167
|
540
|
|
Root, Inc., Class A*
|
6,566
|
367
|
|
Safety Insurance Group, Inc.
|
7,464
|
559
|
|
Selective Insurance Group, Inc.
|
30,815
|
2,989
|
|
SiriusPoint Ltd.*
|
53,661
|
1,288
|
|
Skyward Specialty Insurance Group,
Inc.*
|
21,244
|
1,240
|
|
Slide Insurance Holdings, Inc.*
|
33,452
|
648
|
|
Stewart Information Services Corp.
|
15,504
|
1,024
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Insurance – 2.1%continued
|
||
|
Tiptree, Inc.†
|
12,063
|
$216
|
|
Trupanion, Inc.* †
|
16,825
|
417
|
|
United Fire Group, Inc.
|
11,149
|
585
|
|
Universal Insurance Holdings, Inc.
|
13,038
|
539
|
|
|
|
34,449
|
|
Interactive Media & Services – 0.5%
|
||
|
Angi, Inc.*
|
12,361
|
74
|
|
Bumble, Inc., Class A*
|
53,001
|
170
|
|
Cargurus, Inc.*
|
38,230
|
1,303
|
|
Cars.com, Inc.* †
|
21,962
|
240
|
|
EverQuote, Inc., Class A*
|
14,364
|
342
|
|
fuboTV, Inc., Class A* †
|
15,107
|
139
|
|
Grindr, Inc.*
|
12,392
|
178
|
|
MediaAlpha, Inc., Class A* †
|
14,496
|
182
|
|
Nextdoor Holdings, Inc.*
|
119,498
|
271
|
|
QuinStreet, Inc.* †
|
28,301
|
415
|
|
RUM Group, Inc.* †
|
57,272
|
363
|
|
Shutterstock, Inc.
|
13,492
|
188
|
|
Taboola.com Ltd.*
|
63,691
|
318
|
|
TripAdvisor, Inc.*
|
44,006
|
603
|
|
Trump Media & Technology Group
Corp.*
|
81,202
|
629
|
|
Webtoon Entertainment, Inc.* †
|
11,098
|
127
|
|
Yelp, Inc.*
|
27,297
|
669
|
|
Ziff Davis, Inc.* †
|
17,676
|
926
|
|
ZipRecruiter, Inc., Class A* †
|
29,368
|
110
|
|
ZoomInfo Technologies, Inc.*
|
124,806
|
366
|
|
|
|
7,613
|
|
IT Services – 0.4%
|
||
|
Backblaze, Inc., Class A*
|
30,075
|
477
|
|
BigBear.ai Holdings, Inc.* †
|
247,259
|
907
|
|
Brand Engagement Network, Inc.* †
|
2,351
|
40
|
|
Commerce.com, Inc.* †
|
33,565
|
99
|
|
Crexendo, Inc.*
|
7,620
|
57
|
|
DXC Technology Co.*
|
87,186
|
772
|
|
Everforth, Inc.*
|
20,975
|
375
|
|
Fastly, Inc., Class A*
|
77,481
|
1,423
|
|
Globant S.A.*
|
21,860
|
633
|
|
Grid Dynamics Holdings, Inc.*
|
31,392
|
178
|
|
Hackett Group (The), Inc.†
|
10,159
|
109
|
|
Information Services Group, Inc.
|
18,623
|
76
|
|
Rackspace Technology, Inc.*
|
46,341
|
303
|
|
SharonAI Holdings, Inc.* †
|
2,216
|
188
|
|
TSS, Inc.*
|
12,625
|
155
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
IT Services – 0.4%continued
|
||
|
Tucows, Inc., Class A* †
|
3,795
|
$51
|
|
Unisys Corp.*
|
29,602
|
108
|
|
Whitefiber, Inc.*
|
5,860
|
228
|
|
|
|
6,179
|
|
Leisure Products – 0.5%
|
||
|
Acushnet Holdings Corp.†
|
14,139
|
1,676
|
|
Callaway Golf Co.*
|
71,416
|
1,342
|
|
Escalade, Inc.†
|
4,274
|
80
|
|
Funko, Inc., Class A*
|
21,218
|
125
|
|
JAKKS Pacific, Inc.
|
4,297
|
100
|
|
Johnson Outdoors, Inc., Class A
|
3,358
|
155
|
|
Latham Group, Inc.* †
|
27,376
|
177
|
|
Malibu Boats, Inc., Class A*
|
10,170
|
279
|
|
MasterCraft Boat Holdings, Inc.* †
|
9,501
|
245
|
|
Peloton Interactive, Inc., Class A*
|
207,004
|
1,224
|
|
Polaris, Inc.
|
27,674
|
1,894
|
|
Smith & Wesson Brands, Inc.†
|
22,624
|
340
|
|
Sturm Ruger & Co., Inc.
|
7,142
|
270
|
|
Tron, Inc.*
|
28,072
|
45
|
|
|
|
7,952
|
|
Life Sciences Tools & Services – 0.5%
|
||
|
10X Genomics, Inc., Class A*
|
60,308
|
2,312
|
|
Adaptive Biotechnologies Corp.*
|
77,934
|
1,672
|
|
Alamar Biosciences, Inc.*
|
6,895
|
187
|
|
Alpha Teknova, Inc.* †
|
5,808
|
33
|
|
Azenta, Inc.* †
|
21,295
|
543
|
|
BioLife Solutions, Inc.* †
|
21,608
|
610
|
|
Codexis, Inc.*
|
37,998
|
86
|
|
CryoPort, Inc.* †
|
25,091
|
394
|
|
Cytek Biosciences, Inc.* †
|
62,771
|
278
|
|
Fortrea Holdings, Inc.*
|
48,854
|
850
|
|
Ginkgo Bioworks Holdings, Inc.*
|
24,725
|
245
|
|
Lifecore Biomedical, Inc.* †
|
12,025
|
63
|
|
Maravai LifeSciences Holdings, Inc.,
Class A*
|
57,077
|
356
|
|
Mesa Laboratories, Inc.
|
2,698
|
269
|
|
Nautilus Biotechnology, Inc.*
|
25,986
|
49
|
|
Omniab, Inc.(1) *
|
3,016
|
—
|
|
OmniAb, Inc.*
|
54,779
|
135
|
|
Omniab, Inc. (NASDAQ Exchange)(1) *
|
3,016
|
—
|
|
Pacific Biosciences of California, Inc.* †
|
142,650
|
240
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Life Sciences Tools & Services – 0.5%continued
|
||
|
Personalis, Inc.*
|
34,279
|
$459
|
|
Quanterix Corp.*
|
18,085
|
78
|
|
|
|
8,859
|
|
Machinery – 3.4%
|
||
|
3D Systems Corp.* †
|
75,056
|
227
|
|
Aebi Schmidt Holding A.G.
|
19,526
|
245
|
|
AirJoule Technologies Corp.* †
|
16,902
|
94
|
|
Alamo Group, Inc.
|
5,361
|
882
|
|
Albany International Corp., Class A
|
14,640
|
1,091
|
|
Alliance Laundry Holdings, Inc.* †
|
21,946
|
582
|
|
Astec Industries, Inc.
|
11,778
|
721
|
|
Atmus Filtration Technologies, Inc.†
|
42,203
|
2,152
|
|
Blue Bird Corp.*
|
16,158
|
1,276
|
|
CECO Environmental Corp.* †
|
26,686
|
2,421
|
|
Columbus McKinnon Corp.
|
14,950
|
226
|
|
Commercial Vehicle Group, Inc.*
|
16,167
|
75
|
|
Douglas Dynamics, Inc.†
|
11,783
|
636
|
|
Elmet Group (The) Co.* †
|
5,262
|
104
|
|
Energy Recovery, Inc.*
|
27,078
|
244
|
|
Enerpac Tool Group Corp.
|
26,399
|
947
|
|
Enpro, Inc.
|
10,896
|
4,107
|
|
ESCO Technologies, Inc.
|
13,402
|
4,691
|
|
Federal Signal Corp.
|
30,873
|
3,967
|
|
Franklin Electric Co., Inc.
|
19,336
|
2,073
|
|
FreightCar America, Inc.*
|
7,818
|
76
|
|
Gencor Industries, Inc.*
|
5,658
|
84
|
|
Gorman-Rupp (The) Co.
|
10,786
|
990
|
|
Graham Corp.*
|
5,410
|
670
|
|
Greenbrier (The) Cos., Inc.†
|
15,651
|
767
|
|
Helios Technologies, Inc.
|
16,880
|
1,507
|
|
Hillman Solutions Corp.*
|
101,080
|
853
|
|
Hyster-Yale, Inc.
|
5,914
|
207
|
|
JBT Marel Corp.†
|
26,856
|
3,894
|
|
Kadant, Inc.†
|
6,078
|
1,910
|
|
Kennametal, Inc.
|
39,233
|
1,375
|
|
L.B. Foster Co., Class A*
|
4,874
|
220
|
|
Lindsay Corp.
|
5,280
|
654
|
|
Luxfer Holdings PLC†
|
13,973
|
252
|
|
Manitowoc (The) Co., Inc.*
|
18,466
|
256
|
|
Mayville Engineering Co., Inc.*
|
7,397
|
277
|
|
Microvast Holdings, Inc.* †
|
111,085
|
130
|
|
Miller Industries, Inc.
|
5,387
|
276
|
|
Mueller Water Products, Inc., Class A†
|
79,440
|
2,052
|
|
Omega Flex, Inc.†
|
1,384
|
43
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Machinery – 3.4%continued
|
||
|
Palladyne AI Corp.* †
|
18,526
|
$113
|
|
Park-Ohio Holdings Corp.†
|
4,847
|
186
|
|
Perma-Pipe International Holdings,
Inc.*
|
3,583
|
98
|
|
Proto Labs, Inc.*
|
12,176
|
992
|
|
Richtech Robotics, Inc., Class B* †
|
94,200
|
199
|
|
Standex International Corp.
|
6,156
|
2,202
|
|
Taylor Devices, Inc.*
|
1,667
|
98
|
|
Tennant Co.†
|
9,087
|
795
|
|
Terex Corp.
|
58,257
|
4,217
|
|
Titan International, Inc.*
|
27,536
|
212
|
|
Trinity Industries, Inc.
|
41,016
|
1,418
|
|
Twin Disc, Inc.
|
6,030
|
140
|
|
Velo3D, Inc.*
|
8,545
|
150
|
|
Wabash National Corp.
|
20,540
|
277
|
|
Worthington Enterprises, Inc.
|
15,835
|
851
|
|
|
|
55,202
|
|
Marine Transportation – 0.3%
|
||
|
Costamare Bulkers Holdings Ltd.* †
|
4,299
|
76
|
|
Costamare, Inc.
|
23,187
|
325
|
|
Genco Shipping & Trading Ltd.
|
16,827
|
417
|
|
Himalaya Shipping Ltd.* †
|
15,208
|
203
|
|
Matson, Inc.
|
15,418
|
2,964
|
|
Pangaea Logistics Solutions Ltd.
|
18,532
|
120
|
|
Safe Bulkers, Inc.†
|
27,900
|
176
|
|
|
|
4,281
|
|
Media – 0.5%
|
||
|
Advantage Solutions, Inc.* †
|
2,118
|
92
|
|
AMC Global Media, Inc.* †
|
16,667
|
166
|
|
Boston Omaha Corp., Class A*
|
11,766
|
160
|
|
Cable One, Inc.*
|
2,751
|
146
|
|
Clear Channel Outdoor Holdings, Inc.*
|
198,879
|
481
|
|
DoubleVerify Holdings, Inc.*
|
70,956
|
769
|
|
Emerald Holding, Inc.†
|
3,573
|
18
|
|
Entravision Communications Corp.,
Class A†
|
31,678
|
413
|
|
EW Scripps (The) Co., Class A* †
|
24,522
|
68
|
|
Gray Media, Inc.
|
46,089
|
183
|
|
Ibotta, Inc., Class A* †
|
4,646
|
159
|
|
iHeartMedia, Inc., Class A* †
|
63,701
|
273
|
|
John Wiley & Sons, Inc., Class A†
|
20,021
|
971
|
|
Lee Enterprises, Inc.*
|
3,627
|
33
|
|
Magnite, Inc.*
|
73,169
|
1,389
|
|
MNTN, Inc., Class A*
|
24,419
|
225
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Media – 0.5%continued
|
||
|
National CineMedia, Inc.
|
35,955
|
$137
|
|
Newsmax, Inc.* †
|
22,627
|
187
|
|
Nexxen International Ltd.*
|
13,874
|
125
|
|
Optimum Communications, Inc.,
Class A* †
|
139,381
|
202
|
|
PubMatic, Inc., Class A* †
|
19,526
|
256
|
|
Scholastic Corp.†
|
7,751
|
357
|
|
Sinclair, Inc.
|
21,564
|
307
|
|
Stagwell, Inc.* †
|
53,021
|
394
|
|
TechTarget, Inc.* †
|
16,278
|
59
|
|
U.S.A. TODAY Co., Inc.*
|
69,614
|
595
|
|
|
|
8,165
|
|
Metals & Mining – 1.9%
|
||
|
Alpha Metallurgical Resources, Inc.*
|
5,413
|
893
|
|
American Battery Technology Co.*
|
68,312
|
193
|
|
Ampco-Pittsburgh Corp.*
|
8,402
|
73
|
|
Caledonia Mining Corp. PLC†
|
8,030
|
153
|
|
Century Aluminum Co.*
|
35,511
|
1,634
|
|
Commercial Metals Co.
|
57,014
|
3,578
|
|
Compass Minerals International, Inc.*
|
16,297
|
507
|
|
Constellium S.E.*
|
68,621
|
2,187
|
|
Contango Silver & Gold, Inc.* †
|
13,362
|
211
|
|
Critical Metals Corp.* †
|
34,369
|
352
|
|
Dakota Gold Corp.*
|
59,312
|
253
|
|
Elemental Royalty Corp.†
|
18,186
|
317
|
|
Ferroglobe PLC
|
59,594
|
189
|
|
Friedman Industries, Inc.
|
3,549
|
114
|
|
Gold Resource Corp.*
|
88,363
|
111
|
|
Hycroft Mining Holding Corp.,
Class A* †
|
27,460
|
643
|
|
Idaho Strategic Resources, Inc.* †
|
7,788
|
255
|
|
Ivanhoe Electric, Inc.*
|
60,819
|
584
|
|
Kaiser Aluminum Corp.
|
8,373
|
1,638
|
|
Lifezone Metals Ltd.* †
|
21,250
|
82
|
|
Materion Corp.
|
10,625
|
3,160
|
|
McEwen, Inc.* †
|
25,926
|
470
|
|
Metallus, Inc.*
|
19,047
|
356
|
|
NioCorp. Developments Ltd.*
|
72,628
|
350
|
|
Novagold Resources, Inc.*
|
176,797
|
1,055
|
|
Perpetua Resources Corp.* †
|
43,345
|
900
|
|
Ramaco Resources, Inc., Class A* †
|
22,595
|
299
|
|
Ramaco Resources, Inc., Class B*
|
3,704
|
32
|
|
REalloys, Inc.* †
|
28,136
|
407
|
|
Ryerson Holding Corp.
|
22,919
|
564
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Metals & Mining – 1.9%continued
|
||
|
Silver Bow Mining Corp.*
|
3,414
|
$23
|
|
SSR Mining, Inc.*
|
111,735
|
3,160
|
|
SunCoke Energy, Inc.
|
44,425
|
358
|
|
Tredegar Corp.*
|
15,210
|
121
|
|
U.S. Gold Corp.* †
|
6,362
|
98
|
|
U.S.A. Rare Earth, Inc., Class A*
|
98,282
|
2,121
|
|
United States Antimony Corp.* †
|
67,744
|
492
|
|
Vista Gold Corp.* †
|
73,167
|
140
|
|
Vox Royalty Corp.
|
31,857
|
151
|
|
Warrior Met Coal, Inc.
|
26,879
|
2,181
|
|
Worthington Steel, Inc.
|
16,883
|
567
|
|
|
|
30,972
|
|
Mortgage Real Estate Investment Trusts – 0.8%
|
||
|
ACRES Commercial Realty Corp.*
|
2,144
|
38
|
|
Adamas Trust, Inc.
|
44,042
|
413
|
|
Angel Oak Mortgage REIT, Inc.†
|
9,117
|
83
|
|
Apollo Commercial Real Estate Finance,
Inc.†
|
68,913
|
736
|
|
Arbor Realty Trust, Inc.†
|
97,525
|
528
|
|
Ares Commercial Real Estate Corp.†
|
28,157
|
127
|
|
ARMOUR Residential REIT, Inc.†
|
64,440
|
1,124
|
|
Blackstone Mortgage Trust, Inc.,
Class A†
|
81,873
|
1,388
|
|
BrightSpire Capital, Inc.†
|
63,919
|
348
|
|
Chicago Atlantic Real Estate Finance,
Inc.†
|
8,379
|
90
|
|
Chimera Investment Corp.
|
42,999
|
574
|
|
Claros Mortgage Trust, Inc.*
|
50,918
|
120
|
|
Dynex Capital, Inc.†
|
110,804
|
1,453
|
|
Ellington Financial, Inc.
|
63,179
|
860
|
|
Franklin BSP Realty Trust, Inc.†
|
38,150
|
310
|
|
Invesco Mortgage Capital, Inc.†
|
46,931
|
371
|
|
KKR Real Estate Finance Trust, Inc.†
|
25,738
|
176
|
|
Ladder Capital Corp.
|
58,757
|
585
|
|
MFA Financial, Inc.†
|
52,470
|
508
|
|
Nexpoint Real Estate Finance, Inc.†
|
3,924
|
61
|
|
Orchid Island Capital, Inc.†
|
103,249
|
720
|
|
PennyMac Mortgage Investment Trust†
|
44,728
|
504
|
|
Ready Capital Corp.†
|
66,100
|
116
|
|
Redwood Trust, Inc.
|
65,435
|
310
|
|
Seven Hills Realty Trust
|
9,764
|
82
|
|
TPG Mortgage Investment Trust, Inc.
|
16,266
|
129
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Mortgage Real Estate Investment Trusts – 0.8%continued
|
||
|
TPG RE Finance Trust, Inc.
|
37,132
|
$311
|
|
Two Harbors Investment Corp.
|
53,945
|
669
|
|
|
|
12,734
|
|
Multi-Utilities – 0.4%
|
||
|
Avista Corp.
|
42,443
|
1,736
|
|
Black Hills Corp.
|
39,326
|
2,926
|
|
Northwestern Energy Group, Inc.
|
31,680
|
2,269
|
|
TXNM Energy, Inc.(1)
|
50,000
|
—
|
|
Unitil Corp.
|
9,246
|
487
|
|
|
|
7,418
|
|
Office Real Estate Investment Trusts – 0.6%
|
||
|
Brandywine Realty Trust
|
87,360
|
277
|
|
COPT Defense Properties†
|
58,692
|
2,136
|
|
Douglas Emmett, Inc.
|
84,069
|
992
|
|
Easterly Government Properties, Inc.
|
22,692
|
565
|
|
Empire State Realty Trust, Inc., Class A†
|
73,703
|
399
|
|
Highwoods Properties, Inc.
|
56,590
|
1,707
|
|
Hudson Pacific Properties, Inc.*
|
27,186
|
413
|
|
JBG SMITH Properties†
|
30,627
|
449
|
|
NET Lease Office Properties†
|
8,080
|
90
|
|
Orion Properties, Inc.
|
26,407
|
76
|
|
Piedmont Realty Trust, Inc.*
|
65,132
|
596
|
|
Postal Realty Trust, Inc., Class A†
|
13,101
|
323
|
|
SL Green Realty Corp.†
|
36,897
|
1,910
|
|
|
|
9,933
|
|
Oil, Gas & Consumable Fuels – 3.3%
|
||
|
Aemetis, Inc.* †
|
34,165
|
56
|
|
American Resources Corp.* †
|
46,282
|
100
|
|
Amplify Energy Corp.*
|
18,819
|
75
|
|
Ardmore Shipping Corp.
|
18,040
|
253
|
|
BKV Corp.*
|
16,412
|
449
|
|
California Resources Corp.
|
37,130
|
1,963
|
|
Calumet, Inc.*
|
34,987
|
1,260
|
|
Centrus Energy Corp., Class A* †
|
9,436
|
1,584
|
|
Clean Energy Fuels Corp.*
|
85,949
|
176
|
|
CNX Resources Corp.*
|
69,934
|
2,373
|
|
Comstock Resources, Inc.*
|
36,005
|
537
|
|
Comstock, Inc.*
|
39,125
|
163
|
|
Core Natural Resources, Inc.
|
25,721
|
2,058
|
|
Crescent Energy Co., Class A
|
131,476
|
1,291
|
|
CVR Energy, Inc.
|
15,168
|
418
|
|
Delek U.S. Holdings, Inc.
|
30,907
|
1,570
|
|
DHT Holdings, Inc.
|
74,545
|
1,232
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Oil, Gas & Consumable Fuels – 3.3%continued
|
||
|
Diversified Energy Co.†
|
35,929
|
$498
|
|
Dorian LPG Ltd.
|
18,974
|
660
|
|
Encore Energy Corp.* †
|
101,964
|
134
|
|
Energy Fuels, Inc.* †
|
127,273
|
1,845
|
|
Epsilon Energy Ltd.†
|
11,260
|
61
|
|
Evolution Petroleum Corp.
|
17,790
|
65
|
|
Excelerate Energy, Inc., Class A
|
12,261
|
466
|
|
FLEX LNG Ltd.* †
|
15,770
|
443
|
|
FutureFuel Corp.
|
11,564
|
52
|
|
Gevo, Inc.* †
|
123,716
|
186
|
|
Golar LNG Ltd.
|
49,721
|
2,478
|
|
Granite Ridge Resources, Inc.†
|
25,933
|
114
|
|
Green Plains, Inc.*
|
35,177
|
541
|
|
Gulfport Energy Corp.*
|
8,097
|
1,374
|
|
HighPeak Energy, Inc.
|
12,016
|
84
|
|
Infinity Natural Resources, Inc.,
Class A* †
|
7,734
|
98
|
|
International Seaways, Inc.
|
21,310
|
1,632
|
|
Kinetik Holdings, Inc.
|
26,073
|
1,260
|
|
Kolibri Global Energy, Inc.* †
|
11,936
|
59
|
|
Kosmos Energy Ltd.*
|
301,070
|
635
|
|
Lightbridge Corp.* †
|
17,780
|
156
|
|
Magnolia Oil & Gas Corp., Class A
|
93,869
|
2,401
|
|
Murphy Oil Corp.
|
70,145
|
2,284
|
|
NACCO Industries, Inc., Class A
|
2,009
|
101
|
|
Navigator Holdings Ltd.
|
18,681
|
348
|
|
New Era Energy & Digital, Inc.* †
|
41,583
|
265
|
|
NextDecade Corp.* †
|
85,237
|
643
|
|
Nordic American Tankers Ltd.
|
103,878
|
575
|
|
Northern Oil & Gas, Inc.
|
53,351
|
968
|
|
OPAL Fuels, Inc., Class A* †
|
9,784
|
22
|
|
Par Pacific Holdings, Inc.*
|
24,874
|
1,395
|
|
PBF Energy, Inc., Class A
|
50,011
|
2,277
|
|
Peabody Energy Corp.
|
62,718
|
1,450
|
|
PrimeEnergy Resources Corp.* †
|
306
|
51
|
|
REX American Resources Corp.*
|
14,845
|
670
|
|
Riley Exploration Permian, Inc.
|
7,875
|
260
|
|
Ring Energy, Inc.*
|
99,815
|
108
|
|
Sable Offshore Corp.* †
|
67,732
|
209
|
|
SandRidge Energy, Inc.
|
16,804
|
230
|
|
Scorpio Tankers, Inc.
|
23,540
|
1,630
|
|
SFL Corp. Ltd.
|
62,733
|
640
|
|
SM Energy Co.
|
123,348
|
3,219
|
|
Summit Midstream Corp.*
|
4,407
|
126
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Oil, Gas & Consumable Fuels – 3.3%continued
|
||
|
Talos Energy, Inc.*
|
64,727
|
$836
|
|
Teekay Corp. Ltd.
|
28,919
|
289
|
|
Teekay Tankers Ltd., Class A
|
12,430
|
806
|
|
Uranium Energy Corp.*
|
250,257
|
2,668
|
|
Ur-Energy, Inc.*
|
196,406
|
267
|
|
VAALCO Energy, Inc.
|
54,075
|
275
|
|
Vitesse Energy, Inc.†
|
16,807
|
265
|
|
W&T Offshore, Inc.
|
48,612
|
153
|
|
World Kinect Corp.
|
25,578
|
843
|
|
|
|
54,673
|
|
Paper & Forest Products – 0.1%
|
||
|
Clearwater Paper Corp.*
|
7,269
|
114
|
|
Magnera Corp.*
|
17,128
|
201
|
|
Sylvamo Corp.
|
17,152
|
649
|
|
|
|
964
|
|
Passenger Airlines – 0.5%
|
||
|
Allegiant Travel Co.*
|
12,394
|
1,457
|
|
flyExclusive, Inc.* †
|
6,860
|
14
|
|
Frontier Group Holdings, Inc.* †
|
30,868
|
244
|
|
JetBlue Airways Corp.*
|
172,955
|
991
|
|
Joby Aviation, Inc.* †
|
342,770
|
3,057
|
|
Mesa Air Group, Inc.* †
|
6,519
|
137
|
|
SkyWest, Inc.*
|
20,335
|
2,020
|
|
Wheels Up Experience, Inc.*
|
3,187
|
29
|
|
|
|
7,949
|
|
Personal Care Products – 0.3%
|
||
|
BellRing Brands, Inc.*
|
60,157
|
778
|
|
Coty, Inc., Class A*
|
184,561
|
398
|
|
Edgewell Personal Care Co.†
|
23,976
|
644
|
|
Herbalife Ltd.*
|
51,930
|
683
|
|
Honest (The) Co., Inc.* †
|
50,266
|
184
|
|
Interparfums, Inc.
|
9,391
|
1,050
|
|
Nature's Sunshine Products, Inc.*
|
7,466
|
163
|
|
Niagen Bioscience, Inc.* †
|
30,361
|
97
|
|
Nu Skin Enterprises, Inc., Class A†
|
24,436
|
129
|
|
Oddity Tech Ltd., Class A* †
|
20,467
|
310
|
|
Olaplex Holdings, Inc.* †
|
72,127
|
148
|
|
USANA Health Sciences, Inc.*
|
5,988
|
128
|
|
|
|
4,712
|
|
Pharmaceuticals – 2.8%
|
||
|
Aclaris Therapeutics, Inc.* †
|
61,003
|
323
|
|
Alto Neuroscience, Inc.*
|
13,206
|
349
|
|
Alumis, Inc.* †
|
39,901
|
1,123
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Pharmaceuticals – 2.8%continued
|
||
|
Amneal Pharmaceuticals, Inc.*
|
86,379
|
$1,495
|
|
Amphastar Pharmaceuticals, Inc.*
|
15,893
|
321
|
|
Amylyx Pharmaceuticals, Inc.*
|
46,462
|
834
|
|
AN2 Therapeutics, Inc.*
|
13,726
|
66
|
|
ANI Pharmaceuticals, Inc.*
|
10,379
|
859
|
|
Aquestive Therapeutics, Inc.* †
|
55,698
|
232
|
|
Arvinas, Inc.*
|
30,730
|
255
|
|
AtaiBeckley, Inc.*
|
161,905
|
853
|
|
Atea Pharmaceuticals, Inc.*
|
34,065
|
158
|
|
Avalyn Pharma, Inc.* †
|
8,816
|
290
|
|
BioAge Labs, Inc.* †
|
17,744
|
435
|
|
Collegium Pharmaceutical, Inc.* †
|
16,668
|
603
|
|
Context Therapeutics, Inc.*
|
48,835
|
27
|
|
Contineum Therapeutics, Inc., Class A*
|
13,854
|
227
|
|
CorMedix, Inc.* †
|
38,378
|
301
|
|
Crinetics Pharmaceuticals, Inc.* †
|
52,392
|
1,961
|
|
Definium Therapeutics, Inc.* †
|
65,803
|
3,095
|
|
Edgewise Therapeutics, Inc.*
|
36,152
|
1,469
|
|
Enliven Therapeutics, Inc.*
|
21,651
|
1,099
|
|
Esperion Therapeutics, Inc.*
|
128,047
|
405
|
|
Eton Pharmaceuticals, Inc.*
|
13,473
|
488
|
|
Evolus, Inc.*
|
30,735
|
213
|
|
EyePoint, Inc.*
|
39,117
|
559
|
|
Fulcrum Therapeutics, Inc.* †
|
26,616
|
97
|
|
Harmony Biosciences Holdings, Inc.*
|
22,856
|
832
|
|
Harrow, Inc.* †
|
16,384
|
696
|
|
Indivior Pharmaceuticals, Inc.*
|
60,668
|
2,489
|
|
Innoviva, Inc.*
|
38,226
|
868
|
|
LB Pharmaceuticals, Inc.* †
|
11,286
|
366
|
|
LENZ Therapeutics, Inc.*
|
10,887
|
62
|
|
Lexicon Pharmaceuticals, Inc.*
|
125,581
|
301
|
|
Ligand Pharmaceuticals, Inc.*
|
10,154
|
3,210
|
|
Liquidia Corp.*
|
35,687
|
2,845
|
|
Maze Therapeutics, Inc.*
|
17,713
|
529
|
|
MBX Biosciences, Inc.*
|
15,685
|
866
|
|
MediWound Ltd.* †
|
5,369
|
79
|
|
Nektar Therapeutics* †
|
17,422
|
1,216
|
|
Neumora Therapeutics, Inc.*
|
53,706
|
91
|
|
Nuvation Bio, Inc.*
|
127,403
|
724
|
|
Ocular Therapeutix, Inc.*
|
104,111
|
1,022
|
|
Omeros Corp.* †
|
36,250
|
345
|
|
Oramed Pharmaceuticals, Inc.
|
15,983
|
77
|
|
Pacira BioSciences, Inc.* †
|
20,211
|
513
|
|
Perrigo Co. PLC
|
71,307
|
741
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Pharmaceuticals – 2.8%continued
|
||
|
Phathom Pharmaceuticals, Inc.* †
|
24,543
|
$266
|
|
Phibro Animal Health Corp., Class A
|
10,606
|
333
|
|
Prestige Consumer Healthcare, Inc.*
|
24,266
|
1,147
|
|
Rapport Therapeutics, Inc.* †
|
15,468
|
645
|
|
Relmada Therapeutics, Inc.* †
|
47,624
|
330
|
|
Septerna, Inc.*
|
11,053
|
370
|
|
SIGA Technologies, Inc.†
|
18,351
|
67
|
|
SpyGlass Pharma, Inc.*
|
5,217
|
116
|
|
Supernus Pharmaceuticals, Inc.* †
|
28,366
|
1,319
|
|
Tarsus Pharmaceuticals, Inc.*
|
21,157
|
1,332
|
|
Theravance Biopharma, Inc.* †
|
20,381
|
347
|
|
Third Harmonic Bio, Inc.(1) * †
|
11,686
|
—
|
|
Trevi Therapeutics, Inc.* †
|
54,135
|
1,010
|
|
VeraDermics, Inc.*
|
10,998
|
1,352
|
|
WaVe Life Sciences Ltd.*
|
69,698
|
405
|
|
Xeris Biopharma Holdings, Inc.*
|
86,750
|
687
|
|
Zevra Therapeutics, Inc.*
|
29,793
|
427
|
|
|
|
46,162
|
|
Professional Services – 1.1%
|
||
|
Asure Software, Inc.*
|
12,063
|
96
|
|
Barrett Business Services, Inc.
|
12,366
|
439
|
|
BlackSky Technology, Inc.*
|
16,896
|
472
|
|
CBIZ, Inc.*
|
24,941
|
800
|
|
Clarivate PLC* †
|
177,614
|
384
|
|
Concentrix Corp.
|
21,685
|
486
|
|
Conduent, Inc.*
|
66,529
|
97
|
|
CRA International, Inc.
|
3,216
|
458
|
|
Exponent, Inc.
|
24,987
|
1,468
|
|
Falcon's Beyond Global, Inc., Class A*
†
|
14,445
|
259
|
|
First Advantage Corp.* †
|
40,625
|
733
|
|
Franklin Covey Co.*
|
4,536
|
111
|
|
HireQuest, Inc.†
|
2,847
|
36
|
|
Huron Consulting Group, Inc.*
|
8,391
|
756
|
|
IBEX Holdings Ltd.*
|
4,967
|
151
|
|
ICF International, Inc.
|
9,277
|
676
|
|
Innodata, Inc.*
|
16,103
|
1,217
|
|
Insperity, Inc.
|
18,692
|
772
|
|
Kelly Services, Inc., Class A
|
14,407
|
177
|
|
Kforce, Inc.†
|
8,567
|
402
|
|
Korn Ferry
|
26,683
|
1,777
|
|
Legalzoom.com, Inc.*
|
61,492
|
377
|
|
ManpowerGroup, Inc.
|
23,739
|
802
|
|
Maximus, Inc.
|
27,867
|
1,498
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Professional Services – 1.1%continued
|
||
|
Mistras Group, Inc.*
|
9,136
|
$160
|
|
Public Policy Holding Co., Inc.†
|
366
|
3
|
|
RCM Technologies, Inc.*
|
2,350
|
66
|
|
Resolute Holdings Management, Inc.* †
|
2,007
|
290
|
|
Spire Global, Inc.* †
|
15,696
|
292
|
|
TIC Solutions, Inc.*
|
91,333
|
739
|
|
TriNet Group, Inc.
|
14,195
|
702
|
|
TrueBlue, Inc.* †
|
13,169
|
92
|
|
Upwork, Inc.*
|
61,146
|
511
|
|
Verra Mobility Corp.*
|
77,961
|
331
|
|
Willdan Group, Inc.*
|
7,414
|
586
|
|
|
|
18,216
|
|
Real Estate Management & Development – 0.8%
|
||
|
AGNT, Inc.
|
48,154
|
260
|
|
Compass, Inc., Class A*
|
363,738
|
4,485
|
|
Comstock Holding Cos., Inc.*
|
1,857
|
30
|
|
Cushman & Wakefield Ltd.*
|
121,000
|
1,620
|
|
Douglas Elliman, Inc.*
|
29,476
|
52
|
|
Forestar Group, Inc.*
|
10,270
|
325
|
|
FRP Holdings, Inc.* †
|
6,071
|
152
|
|
Marcus & Millichap, Inc.
|
11,353
|
354
|
|
Maui Land & Pineapple Co., Inc.*
|
3,439
|
61
|
|
Newmark Group, Inc., Class A
|
80,261
|
1,213
|
|
Opendoor Technologies, Inc.* †
|
476,548
|
2,202
|
|
RE/MAX Holdings, Inc., Class A*
|
9,681
|
95
|
|
Real Brokerage (The), Inc.* †
|
82,326
|
150
|
|
RMR Group (The), Inc., Class A†
|
8,159
|
167
|
|
Seaport Entertainment Group, Inc.* †
|
3,858
|
103
|
|
St. Joe (The) Co.
|
19,670
|
1,232
|
|
Tejon Ranch Co.*
|
11,154
|
209
|
|
Transcontinental Realty Investors, Inc.* †
|
612
|
28
|
|
|
|
12,738
|
|
Residential Real Estate Investment Trusts – 0.2%
|
||
|
BRT Apartments Corp.
|
5,194
|
80
|
|
Centerspace
|
8,656
|
486
|
|
Independence Realty Trust, Inc.
|
121,392
|
2,026
|
|
NexPoint Residential Trust, Inc.
|
11,672
|
326
|
|
UMH Properties, Inc.
|
41,688
|
631
|
|
|
|
3,549
|
|
Retail Real Estate Investment Trusts – 1.3%
|
||
|
Acadia Realty Trust
|
69,026
|
1,443
|
|
Alexander's, Inc.
|
1,064
|
293
|
|
CBL & Associates Properties, Inc.
|
9,457
|
502
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Retail Real Estate Investment Trusts – 1.3%continued
|
||
|
Curbline Properties Corp.
|
49,965
|
$1,519
|
|
FrontView REIT, Inc.†
|
10,295
|
208
|
|
Getty Realty Corp.†
|
29,409
|
981
|
|
InvenTrust Properties Corp.†
|
40,074
|
1,419
|
|
Kite Realty Group Trust
|
104,445
|
2,964
|
|
Macerich (The) Co.
|
144,566
|
3,642
|
|
NETSTREIT Corp.†
|
50,025
|
1,057
|
|
Phillips Edison & Co., Inc.†
|
64,886
|
2,701
|
|
Saul Centers, Inc.†
|
6,922
|
259
|
|
SITE Centers Corp.
|
26,848
|
107
|
|
Tanger, Inc.
|
58,021
|
2,290
|
|
Urban Edge Properties
|
65,352
|
1,495
|
|
Whitestone REIT
|
23,801
|
451
|
|
|
|
21,331
|
|
Semiconductors & Semiconductor Equipment – 3.6%
|
||
|
ACM Research, Inc., Class A*
|
27,279
|
3,461
|
|
Aehr Test Systems*
|
15,479
|
1,487
|
|
Aeluma, Inc.* †
|
6,634
|
147
|
|
Alpha & Omega Semiconductor Ltd.* †
|
12,512
|
592
|
|
Ambarella, Inc.*
|
21,565
|
1,850
|
|
Ambiq Micro, Inc.*
|
9,397
|
830
|
|
Amtech Systems, Inc.*
|
5,994
|
138
|
|
Atomera, Inc.* †
|
19,789
|
172
|
|
Axcelis Technologies, Inc.*
|
15,869
|
3,006
|
|
AXT, Inc.*
|
31,575
|
2,276
|
|
Blaize Holdings, Inc.* †
|
33,975
|
47
|
|
Canadian Solar, Inc.*
|
23,828
|
382
|
|
CEVA, Inc.*
|
14,252
|
672
|
|
Cohu, Inc.*
|
23,629
|
1,746
|
|
Diodes, Inc.*
|
23,277
|
2,548
|
|
Everspin Technologies, Inc.*
|
9,989
|
242
|
|
GSI Technology, Inc.*
|
16,316
|
126
|
|
Ichor Holdings Ltd.*
|
17,753
|
1,993
|
|
Impinj, Inc.* †
|
14,802
|
2,120
|
|
indie Semiconductor, Inc., Class A* †
|
108,382
|
487
|
|
inTEST Corp.*
|
6,020
|
109
|
|
Kopin Corp.* †
|
88,491
|
397
|
|
Kulicke & Soffa Industries, Inc.
|
26,246
|
3,511
|
|
MaxLinear, Inc.*
|
43,818
|
5,610
|
|
Navitas Semiconductor Corp.* †
|
93,378
|
1,673
|
|
NVE Corp.†
|
2,365
|
247
|
|
PDF Solutions, Inc.* †
|
16,726
|
1,184
|
|
Penguin Solutions, Inc.*
|
25,446
|
1,934
|
|
Photronics, Inc.*
|
29,394
|
956
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Semiconductors & Semiconductor Equipment – 3.6%continued
|
||
|
Power Integrations, Inc.†
|
28,370
|
$2,376
|
|
QuickLogic Corp.*
|
7,933
|
158
|
|
Rigetti Computing, Inc.* †
|
169,590
|
3,277
|
|
Silicon Laboratories, Inc.*
|
16,781
|
3,668
|
|
SkyWater Technology, Inc.*
|
18,891
|
658
|
|
Synaptics, Inc.* †
|
19,674
|
2,444
|
|
T1 Energy, Inc.*
|
90,350
|
857
|
|
Toyo Co. Ltd.*
|
4,011
|
28
|
|
Ultra Clean Holdings, Inc.*
|
22,755
|
3,245
|
|
Veeco Instruments, Inc.*
|
30,438
|
2,307
|
|
Wolfspeed, Inc.* †
|
14,594
|
704
|
|
|
|
59,665
|
|
Software – 5.9%
|
||
|
8x8, Inc.*
|
72,815
|
125
|
|
A10 Networks, Inc.
|
36,408
|
1,360
|
|
ACI Worldwide, Inc.*
|
51,999
|
2,615
|
|
Adeia, Inc.
|
56,418
|
1,858
|
|
Agilysys, Inc.* †
|
13,288
|
1,389
|
|
Alarm.com Holdings, Inc.*
|
24,019
|
1,122
|
|
Alkami Technology, Inc.* †
|
33,889
|
614
|
|
Amplitude, Inc., Class A*
|
48,273
|
369
|
|
Appian Corp., Class A* †
|
20,075
|
460
|
|
Arteris, Inc.*
|
17,610
|
856
|
|
Asana, Inc., Class A* †
|
49,947
|
350
|
|
AvePoint, Inc.*
|
84,919
|
952
|
|
Bit Digital, Inc.* †
|
170,017
|
306
|
|
Bitdeer Technologies Group, Class A* †
|
65,668
|
1,042
|
|
Blackbaud, Inc.* †
|
18,139
|
537
|
|
BlackLine, Inc.* †
|
25,002
|
702
|
|
Blend Labs, Inc., Class A*
|
86,093
|
147
|
|
Box, Inc., Class A*
|
69,099
|
1,834
|
|
Braze, Inc., Class A* †
|
48,278
|
1,047
|
|
C3.ai, Inc., Class A* †
|
68,878
|
626
|
|
Cerence, Inc.*
|
22,831
|
258
|
|
Cipher Digital, Inc.* †
|
171,789
|
4,209
|
|
Cleanspark, Inc.* †
|
128,046
|
1,863
|
|
Clear Secure, Inc., Class A
|
48,204
|
2,686
|
|
Commvault Systems, Inc.*
|
22,628
|
3,207
|
|
Consensus Cloud Solutions, Inc.*
|
9,021
|
344
|
|
Core Scientific, Inc.* †
|
158,797
|
4,064
|
|
CS Disco, Inc.*
|
11,330
|
43
|
|
Daily Journal Corp.*
|
687
|
413
|
|
Digimarc Corp.* †
|
5,338
|
44
|
|
Digital Turbine, Inc.* †
|
57,001
|
735
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Software – 5.9%continued
|
||
|
Domo, Inc., Class B* †
|
19,494
|
$61
|
|
Duos Technologies Group, Inc.*
|
13,413
|
161
|
|
D-Wave Quantum, Inc.* †
|
186,743
|
4,480
|
|
eGain Corp.*
|
8,337
|
53
|
|
EverCommerce, Inc.* †
|
5,743
|
58
|
|
Five9, Inc.*
|
38,579
|
823
|
|
Freshworks, Inc., Class A*
|
107,921
|
1,092
|
|
Hut 8 Corp.*
|
52,263
|
6,034
|
|
I3 Verticals, Inc., Class A* †
|
11,457
|
245
|
|
Intapp, Inc.*
|
28,295
|
713
|
|
Intellicheck, Inc.*
|
9,092
|
37
|
|
InterDigital, Inc.†
|
13,221
|
3,743
|
|
JFrog Ltd.*
|
55,190
|
5,016
|
|
Kaltura, Inc.*
|
36,253
|
47
|
|
Keel Infrastructure Corp.*
|
298,630
|
1,714
|
|
Life360, Inc.* †
|
9,394
|
520
|
|
LiveRamp Holdings, Inc.*
|
31,488
|
1,185
|
|
MARA Holdings, Inc.*
|
196,182
|
2,725
|
|
Mitek Systems, Inc.*
|
22,610
|
455
|
|
N-able, Inc.*
|
32,221
|
118
|
|
nCino, Inc.*
|
54,029
|
883
|
|
NCR Voyix Corp.* †
|
71,472
|
584
|
|
NextNav, Inc.*
|
51,276
|
914
|
|
OneSpan, Inc.†
|
18,366
|
264
|
|
Ooma, Inc.* †
|
12,534
|
241
|
|
PagerDuty, Inc.*
|
40,387
|
390
|
|
PAR Technology Corp.* †
|
21,276
|
371
|
|
Porch Group, Inc.* †
|
49,332
|
742
|
|
Progress Software Corp.* †
|
21,183
|
711
|
|
Q2 Holdings, Inc.*
|
32,038
|
1,541
|
|
Qualys, Inc.*
|
18,367
|
2,525
|
|
Rapid7, Inc.* †
|
32,506
|
263
|
|
Red Violet, Inc.*
|
5,682
|
362
|
|
ReposiTrak, Inc.†
|
4,662
|
42
|
|
Rimini Street, Inc.*
|
25,934
|
111
|
|
Riot Platforms, Inc.*
|
180,621
|
4,945
|
|
Roadzen, Inc.* †
|
22,562
|
33
|
|
ServiceTitan, Inc., Class A* †
|
30,991
|
2,191
|
|
Silvaco Group, Inc.* †
|
5,105
|
70
|
|
Soluna Holdings, Inc.*
|
54,774
|
74
|
|
SoundHound AI, Inc., Class A* †
|
202,359
|
1,309
|
|
Sprinklr, Inc., Class A*
|
54,088
|
279
|
|
Sprout Social, Inc., Class A*
|
25,847
|
195
|
|
SPS Commerce, Inc.*
|
18,816
|
1,076
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Software – 5.9%continued
|
||
|
Telos Corp.*
|
29,033
|
$134
|
|
Tenable Holdings, Inc.* †
|
57,953
|
2,137
|
|
Teradata Corp.*
|
48,411
|
1,677
|
|
Thryv Holdings, Inc.*
|
13,567
|
54
|
|
Varonis Systems, Inc.*
|
57,647
|
2,419
|
|
Veritone, Inc.* †
|
44,529
|
61
|
|
Vertex, Inc., Class A*
|
36,402
|
418
|
|
Via Transportation, Inc., Class A* †
|
26,594
|
482
|
|
Viant Technology, Inc., Class A* †
|
8,606
|
109
|
|
Weave Communications, Inc.*
|
33,205
|
199
|
|
Workiva, Inc.*
|
26,187
|
1,270
|
|
Xperi, Inc.* †
|
21,643
|
178
|
|
Yext, Inc.*
|
40,999
|
192
|
|
ZenaTech, Inc.* †
|
24,427
|
37
|
|
Zeta Global Holdings Corp., Class A*
|
114,732
|
2,258
|
|
|
|
97,198
|
|
Specialized Real Estate Investment Trusts – 0.4%
|
||
|
Farmland Partners, Inc.
|
21,454
|
208
|
|
Four Corners Property Trust, Inc.
|
56,127
|
1,378
|
|
Gladstone Land Corp.†
|
21,033
|
180
|
|
Outfront Media, Inc.
|
81,574
|
2,672
|
|
Safehold, Inc.†
|
28,996
|
455
|
|
Smartstop Self Storage REIT, Inc.†
|
28,643
|
931
|
|
|
|
5,824
|
|
Specialty Retail – 2.0%
|
||
|
1-800-Flowers.com, Inc., Class A* †
|
8,316
|
29
|
|
Abercrombie & Fitch Co., Class A*
|
22,610
|
2,035
|
|
Academy Sports & Outdoors, Inc.†
|
33,038
|
1,557
|
|
Advance Auto Parts, Inc.†
|
31,127
|
1,937
|
|
American Eagle Outfitters, Inc.
|
80,450
|
1,384
|
|
Arhaus, Inc.
|
27,478
|
231
|
|
Arko Corp.
|
38,146
|
306
|
|
ARKO Petroleum Corp.
|
6,435
|
121
|
|
Asbury Automotive Group, Inc.*
|
9,973
|
2,005
|
|
Barnes & Noble Education, Inc.* †
|
8,839
|
111
|
|
Bed Bath & Beyond, Inc.*
|
38,013
|
220
|
|
Bob's Discount Furniture, Inc.* †
|
9,905
|
157
|
|
Boot Barn Holdings, Inc.*
|
15,739
|
2,585
|
|
Buckle (The), Inc.
|
16,460
|
695
|
|
Build-A-Bear Workshop, Inc.†
|
6,263
|
192
|
|
Caleres, Inc.
|
17,248
|
213
|
|
Camping World Holdings, Inc., Class A
|
31,254
|
239
|
|
Citi Trends, Inc.* †
|
2,616
|
151
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Specialty Retail – 2.0%continued
|
||
|
Designer Brands, Inc., Class A†
|
16,870
|
$98
|
|
Envela Corp.* †
|
3,499
|
101
|
|
EVgo, Inc.* †
|
69,337
|
132
|
|
Genesco, Inc.*
|
4,941
|
167
|
|
Group 1 Automotive, Inc.
|
5,965
|
1,737
|
|
Haverty Furniture Cos., Inc.
|
7,235
|
185
|
|
J Jill, Inc.†
|
3,737
|
59
|
|
Lands' End, Inc.* †
|
5,192
|
54
|
|
MarineMax, Inc.*
|
10,191
|
373
|
|
Monro, Inc.
|
11,908
|
204
|
|
National Vision Holdings, Inc.* †
|
40,299
|
766
|
|
OneWater Marine, Inc., Class A* †
|
4,769
|
54
|
|
Outdoor Holding Co.*
|
51,018
|
116
|
|
Petco Health & Wellness Co., Inc.* †
|
48,068
|
131
|
|
RealReal (The), Inc.*
|
57,435
|
677
|
|
Rent the Runway, Inc., Class A* †
|
4,950
|
16
|
|
Revolve Group, Inc.*
|
21,601
|
494
|
|
RH*
|
7,971
|
1,313
|
|
RideNow Group, Inc.*
|
8,155
|
54
|
|
Sally Beauty Holdings, Inc.* †
|
49,352
|
698
|
|
Shoe Station Group, Inc.†
|
9,618
|
143
|
|
Signet Jewelers Ltd.
|
20,110
|
1,734
|
|
Sonic Automotive, Inc., Class A
|
6,177
|
524
|
|
Stitch Fix, Inc., Class A*
|
61,000
|
251
|
|
ThredUp, Inc., Class A* †
|
53,499
|
367
|
|
Torrid Holdings, Inc.* †
|
17,888
|
33
|
|
Upbound Group, Inc.
|
28,118
|
597
|
|
Urban Outfitters, Inc.*
|
29,397
|
2,083
|
|
Victoria's Secret & Co.*
|
35,715
|
2,982
|
|
Warby Parker, Inc., Class A* †
|
52,408
|
1,590
|
|
Winmark Corp.†
|
1,553
|
657
|
|
Zumiez, Inc.*
|
6,973
|
124
|
|
|
|
32,682
|
|
Technology Hardware, Storage & Peripherals – 0.3%
|
||
|
Corsair Gaming, Inc.*
|
24,601
|
238
|
|
CPI Card Group, Inc.*
|
4,193
|
87
|
|
Diebold Nixdorf, Inc.*
|
11,484
|
976
|
|
Eastman Kodak Co.*
|
32,610
|
302
|
|
GPGI, Inc.†
|
91,585
|
1,452
|
|
Immersion Corp.†
|
12,123
|
82
|
|
Infleqtion, Inc.* †
|
59,454
|
792
|
|
One Stop Systems, Inc.*
|
10,996
|
200
|
|
Quantum Computing, Inc.* †
|
104,445
|
1,013
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Technology Hardware, Storage & Peripherals – 0.3%continued
|
||
|
Turtle Beach Corp.* †
|
6,483
|
$81
|
|
Xerox Holdings Corp.†
|
63,284
|
198
|
|
|
|
5,421
|
|
Textiles, Apparel & Luxury Goods – 0.6%
|
||
|
Capri Holdings Ltd.*
|
60,828
|
1,129
|
|
Carter's, Inc.
|
18,293
|
753
|
|
Ermenegildo Zegna N.V.†
|
23,101
|
301
|
|
Figs, Inc., Class A*
|
48,097
|
492
|
|
Fossil Group, Inc.*
|
28,202
|
117
|
|
G-III Apparel Group Ltd.
|
18,722
|
631
|
|
Kontoor Brands, Inc.
|
28,097
|
2,342
|
|
Movado Group, Inc.
|
7,745
|
304
|
|
Oxford Industries, Inc.†
|
7,181
|
250
|
|
Playboy, Inc.*
|
27,662
|
34
|
|
Rocky Brands, Inc.
|
3,564
|
147
|
|
Steven Madden Ltd.
|
37,075
|
1,561
|
|
Superior Group of Cos., Inc.†
|
4,552
|
60
|
|
Under Armour, Inc., Class A*
|
96,829
|
619
|
|
Under Armour, Inc., Class C*
|
95,636
|
595
|
|
Wolverine World Wide, Inc.†
|
42,047
|
695
|
|
|
|
10,030
|
|
Tobacco – 0.1%
|
||
|
Turning Point Brands, Inc.†
|
9,603
|
814
|
|
Universal Corp.†
|
12,643
|
660
|
|
|
|
1,474
|
|
Trading Companies & Distributors – 1.1%
|
||
|
Alta Equipment Group, Inc.
|
8,243
|
53
|
|
BlueLinx Holdings, Inc.*
|
4,025
|
249
|
|
Boise Cascade Co.
|
18,419
|
1,430
|
|
Custom Truck One Source, Inc.*
|
31,575
|
373
|
|
Distribution Solutions Group, Inc.*
|
4,907
|
134
|
|
DNOW, Inc.*
|
95,069
|
1,233
|
|
DXP Enterprises, Inc.*
|
6,603
|
1,114
|
|
EVI Industries, Inc.
|
1,780
|
26
|
|
GATX Corp.
|
18,161
|
3,218
|
|
Global Industrial Co.
|
7,708
|
258
|
|
Herc Holdings, Inc.
|
16,969
|
2,432
|
|
Hudson Technologies, Inc.*
|
16,665
|
96
|
|
Karat Packaging, Inc.
|
4,224
|
141
|
|
McGrath RentCorp
|
12,569
|
1,521
|
|
NPK International, Inc.*
|
41,956
|
668
|
|
Rush Enterprises, Inc., Class A
|
31,178
|
2,276
|
|
Rush Enterprises, Inc., Class B
|
4,747
|
363
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Trading Companies & Distributors – 1.1%continued
|
||
|
Titan Machinery, Inc.* †
|
11,070
|
$234
|
|
Transcat, Inc.*
|
4,752
|
441
|
|
Willis Lease Finance Corp.
|
1,933
|
442
|
|
Xometry, Inc., Class A* †
|
23,402
|
2,259
|
|
|
|
18,961
|
|
Transportation Infrastructure – 0.0%
|
||
|
Sky Harbour Group Corp.* †
|
10,049
|
99
|
|
Water Utilities – 0.3%
|
||
|
American States Water Co.
|
20,197
|
1,669
|
|
Cadiz, Inc.*
|
25,781
|
108
|
|
California Water Service Group
|
30,813
|
1,499
|
|
Consolidated Water Co. Ltd.
|
8,054
|
237
|
|
Global Water Resources, Inc.†
|
8,325
|
60
|
|
H2O America†
|
17,934
|
1,090
|
|
Middlesex Water Co.
|
9,468
|
532
|
|
Pure Cycle Corp.*
|
8,952
|
96
|
|
York Water (The) Co.†
|
8,416
|
258
|
|
|
|
5,549
|
|
Wireless Telecommunication Services – 0.1%
|
||
|
Gogo, Inc.*
|
42,063
|
130
|
|
KORE Group Holdings, Inc.*
|
3,141
|
29
|
|
Spok Holdings, Inc.
|
9,374
|
96
|
|
Telephone and Data Systems, Inc.
|
50,808
|
1,881
|
|
|
|
2,136
|
|
Total Common Stocks
|
|
|
|
(Cost $960,384)
|
|
1,628,779
|
|
|
|
|
|
RIGHTS – 0.0%
|
||
|
Biotechnology – 0.0%
|
||
|
Cartesian Therapeutics, Inc.(1) *
|
50,322
|
115
|
|
Chinook Therapeutics, Inc. (Contingent
Value Rights)(1) *
|
7,412
|
—
|
|
Chinook Therapeutics, Inc. (Contingent
Value Rights)(1) *
|
26,398
|
—
|
|
Inhibrx, Inc. (Contingent Value
Rights)(1) *
|
15,255
|
—
|
|
Oncternal Therapeutics, Inc.
(Contingent Value Rights)(1) (3) * †
|
398
|
—
|
|
Tobira Therapeutics, Inc. (Contingent
Value Rights)(1) (3) * †
|
5,175
|
—
|
|
|
|
115
|
|
Total Rights
|
|
|
|
(Cost $40)
|
|
115
|
|
Schedule of Investments
|
|
SMALL CAP INDEX FUND continued
|
|
|
|
NUMBER
OF WARRANTS
|
VALUE
(000S)
|
|
WARRANTS – 0.0%
|
||
|
Pulse Biosciences, Inc., Exp. 6/27/29,
Strike $0.00* †
|
836
|
$7
|
|
Total Warrants
|
|
|
|
(Cost $—)
|
|
7
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
INVESTMENT COMPANIES – 9.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(4) (5) (6)
|
145,929,352
|
$145,929
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(4) (5)
|
16,885,026
|
16,885
|
|
Total Investment Companies
|
|
|
|
(Cost $162,814)
|
|
162,814
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.71%, 10/15/26(7) (8)
|
$1,180
|
$1,167
|
|
Total Short-Term Investments
|
|
|
|
(Cost $1,167)
|
1,167
|
|
|
|
|
|
|
Total Investments – 108.9%
|
|
|
|
(Cost $1,124,405)
|
1,792,882
|
|
|
Liabilities less Other Assets – (8.9%)
|
(146,941
)
|
|
|
NET ASSETS – 100.0%
|
$1,645,941
|
|
|
(1)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(2)
|
Investment in affiliate.
|
|
(3)
|
Restricted security. At June 30, 2026, the value of these restricted securities
amounted to $0 or 0.0% of net assets. Additional information on these
restricted securities are as follows:
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
Oncternal Therapeutics, Inc. (Contingent
Value Rights)
|
6/10/19
|
$—
|
|
Tobira Therapeutics, Inc. (Contingent Value
Rights)
|
11/2/16
|
40
|
|
|
|
|
(4)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(5)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(6)
|
Investment of cash collateral received from securities lending activities.
|
|
(7)
|
Discount rate at the time of purchase.
|
|
(8)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini Russell
2000 Index
|
106
|
$16,142
|
Long
|
9/26
|
$135
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$1,628,779
|
$—
|
$—
|
$1,628,779
|
|
Rights
|
—
|
—
|
115
|
115
|
|
Warrants
|
—
|
7
|
—
|
7
|
|
Investment Companies
|
162,814
|
—
|
—
|
162,814
|
|
Short-Term Investments
|
—
|
1,167
|
—
|
1,167
|
|
Total Investments
|
$1,791,593
|
$1,174
|
$115
|
$1,792,882
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$135
|
$—
|
$—
|
$135
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
(000S)
|
NET
REALIZED
GAINS
(LOSSES)
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Methode Electronics, Inc.
|
$74
|
$72
|
$9
|
$194
|
$5
|
$336
|
17,685
|
$1
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
105,633
|
190,252
|
149,956
|
—
|
—
|
145,929
|
145,929,352
|
290
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
18,417
|
64,723
|
66,255
|
—
|
—
|
16,885
|
16,885,026
|
295
|
|
Total
|
$124,124
|
$255,047
|
$216,220
|
$194
|
$5
|
$163,150
|
162,832,063
|
$586
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
SMALL CAP VALUE FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 95.5%
|
||
|
Aerospace & Defense – 0.5%
|
||
|
VSE Corp.
|
14,987
|
$3,424
|
|
Automobile Components – 1.1%
|
||
|
Adient PLC*
|
28,470
|
523
|
|
Dana, Inc.
|
21,217
|
577
|
|
Garrett Motion, Inc.
|
55,919
|
2,026
|
|
LCI Industries
|
6,458
|
684
|
|
Phinia, Inc.
|
13,179
|
1,086
|
|
Standard Motor Products, Inc.
|
62,538
|
2,437
|
|
Visteon Corp.
|
5,914
|
587
|
|
|
|
7,920
|
|
Automobiles – 0.1%
|
||
|
Winnebago Industries, Inc.†
|
15,227
|
476
|
|
Banks – 17.5%
|
||
|
1st Source Corp.
|
9,378
|
765
|
|
ACNB Corp.
|
13,604
|
808
|
|
Amalgamated Financial Corp.
|
22,913
|
1,052
|
|
Ameris Bancorp
|
40,189
|
3,627
|
|
Axos Financial, Inc.*
|
73,666
|
7,174
|
|
Bank First Corp.
|
5,447
|
808
|
|
Bank of NT Butterfield & Son (The) Ltd.
|
40,549
|
2,413
|
|
Bank7 Corp.
|
13,967
|
684
|
|
Banner Corp.
|
28,369
|
1,885
|
|
Business First Bancshares, Inc.
|
23,226
|
714
|
|
Camden National Corp.
|
14,031
|
761
|
|
Cathay General Bancorp
|
89,522
|
5,549
|
|
Central Pacific Financial Corp.
|
34,519
|
1,319
|
|
Community Financial System, Inc.
|
52,162
|
3,501
|
|
Community Trust Bancorp, Inc.
|
63,067
|
4,564
|
|
Customers Bancorp, Inc.*
|
39,291
|
3,108
|
|
CVB Financial Corp.
|
94,945
|
2,141
|
|
Eastern Bankshares, Inc.
|
182,858
|
4,067
|
|
Enterprise Financial Services Corp.
|
21,371
|
1,408
|
|
Farmers National Banc Corp.
|
42,804
|
625
|
|
First Bancorp
|
22,610
|
1,445
|
|
First BanCorp
|
306,473
|
7,990
|
|
First Business Financial Services, Inc.
|
13,457
|
850
|
|
First Financial Bancorp
|
95,936
|
3,246
|
|
First Financial Corp.
|
15,977
|
1,237
|
|
First Hawaiian, Inc.†
|
24,005
|
703
|
|
First Interstate BancSystem, Inc., Class A
|
17,960
|
693
|
|
First Merchants Corp.
|
29,975
|
1,310
|
|
First Mid Bancshares, Inc.
|
16,199
|
779
|
|
FS Bancorp, Inc.
|
14,594
|
633
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Banks – 17.5%continued
|
||
|
Fulton Financial Corp.
|
29,289
|
$708
|
|
Hancock Whitney Corp.
|
63,623
|
4,754
|
|
Hanmi Financial Corp.
|
24,918
|
807
|
|
HBT Financial, Inc.
|
24,741
|
791
|
|
Home BancShares, Inc.
|
66,396
|
1,896
|
|
Independent Bank Corp.
|
18,281
|
659
|
|
International Bancshares Corp.
|
42,195
|
3,205
|
|
Mercantile Bank Corp.
|
13,072
|
751
|
|
Metrocity Bankshares, Inc.
|
20,313
|
729
|
|
NBT Bancorp, Inc.
|
96,582
|
4,768
|
|
Nicolet Bankshares, Inc.
|
5,093
|
842
|
|
Northeast Community Bancorp, Inc.
|
23,938
|
664
|
|
Northrim BanCorp, Inc.
|
30,827
|
855
|
|
OFG Bancorp
|
56,701
|
2,782
|
|
PCB Bancorp
|
29,821
|
846
|
|
Preferred Bank
|
16,375
|
1,740
|
|
Provident Financial Services, Inc.
|
56,462
|
1,335
|
|
QCR Holdings, Inc.
|
15,300
|
1,489
|
|
S&T Bancorp, Inc.
|
15,039
|
738
|
|
Shore Bancshares, Inc.
|
41,878
|
961
|
|
Sierra Bancorp
|
52,912
|
2,157
|
|
SmartFinancial, Inc.
|
18,379
|
862
|
|
Southern Missouri Bancorp, Inc.
|
10,898
|
831
|
|
Southside Bancshares, Inc.
|
19,175
|
675
|
|
Stock Yards Bancorp, Inc.
|
9,070
|
694
|
|
Texas Capital Bancshares, Inc.
|
25,649
|
2,649
|
|
TriCo Bancshares
|
57,890
|
3,117
|
|
Trustmark Corp.
|
29,617
|
1,363
|
|
UMB Financial Corp.
|
28,926
|
4,129
|
|
United Community Banks, Inc.
|
59,003
|
2,070
|
|
Unity Bancorp, Inc.
|
13,305
|
781
|
|
Univest Financial Corp.
|
31,208
|
1,365
|
|
Westamerica BanCorp
|
30,459
|
1,787
|
|
WSFS Financial Corp.
|
10,357
|
795
|
|
|
|
120,454
|
|
Biotechnology – 4.7%
|
||
|
4D Molecular Therapeutics, Inc.* †
|
158,931
|
2,114
|
|
Abeona Therapeutics, Inc.* †
|
115,525
|
714
|
|
Allogene Therapeutics, Inc.*
|
631,204
|
1,313
|
|
Assembly Biosciences, Inc.* †
|
20,728
|
570
|
|
C4 Therapeutics, Inc.*
|
307,074
|
1,434
|
|
Century Therapeutics, Inc.* †
|
549,930
|
1,347
|
|
Cullinan Therapeutics, Inc.*
|
41,929
|
764
|
|
Emergent BioSolutions, Inc.*
|
146,094
|
1,224
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Biotechnology – 4.7%continued
|
||
|
Entrada Therapeutics, Inc.*
|
45,727
|
$337
|
|
Iovance Biotherapeutics, Inc.* †
|
429,763
|
1,788
|
|
Lexeo Therapeutics, Inc.*
|
261,109
|
1,216
|
|
Lyell Immunopharma, Inc.*
|
28,350
|
398
|
|
MiMedx Group, Inc.*
|
245,789
|
946
|
|
Myriad Genetics, Inc.*
|
114,420
|
653
|
|
Nurix Therapeutics, Inc.*
|
11,395
|
276
|
|
PDL BioPharma, Inc.(1) * †
|
1,029,654
|
319
|
|
Protara Therapeutics, Inc.*
|
117,674
|
450
|
|
Prothena Corp. PLC*
|
60,985
|
597
|
|
PTC Therapeutics, Inc.*
|
7,935
|
647
|
|
Puma Biotechnology, Inc.*
|
267,945
|
2,173
|
|
Relay Therapeutics, Inc.*
|
396,435
|
7,417
|
|
Sarepta Therapeutics, Inc.*
|
69,917
|
1,256
|
|
Tectonic Therapeutic, Inc.* †
|
28,408
|
977
|
|
Vanda Pharmaceuticals, Inc.*
|
108,332
|
663
|
|
Veracyte, Inc.*
|
13,472
|
791
|
|
Vir Biotechnology, Inc.*
|
115,610
|
1,178
|
|
Xencor, Inc.*
|
45,021
|
725
|
|
|
|
32,287
|
|
Broadline Retail – 0.3%
|
||
|
Kohl's Corp.†
|
122,257
|
2,166
|
|
Building Products – 0.7%
|
||
|
Hayward Holdings, Inc.*
|
38,405
|
665
|
|
Insteel Industries, Inc.†
|
2,635
|
79
|
|
UFP Industries, Inc.
|
41,492
|
3,765
|
|
|
|
4,509
|
|
Capital Markets – 0.3%
|
||
|
Hercules Capital, Inc.†
|
62,437
|
985
|
|
Victory Capital Holdings, Inc., Class A
|
9,555
|
803
|
|
Virtus Investment Partners, Inc.
|
3,059
|
439
|
|
|
|
2,227
|
|
Chemicals – 1.2%
|
||
|
Alto Ingredients, Inc.*
|
128,761
|
734
|
|
Avient Corp.
|
31,580
|
1,167
|
|
Ecovyst, Inc.*
|
15,855
|
197
|
|
H.B. Fuller Co.
|
18,595
|
1,084
|
|
Innospec, Inc.
|
23,995
|
1,953
|
|
Intrepid Potash, Inc.*
|
18,634
|
611
|
|
Koppers Holdings, Inc.
|
20,118
|
903
|
|
LSB Industries, Inc.*
|
40,330
|
436
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Chemicals – 1.2%continued
|
||
|
Mativ Holdings, Inc.
|
50,971
|
$386
|
|
Stepan Co.
|
9,956
|
555
|
|
|
|
8,026
|
|
Commercial Services & Supplies – 1.9%
|
||
|
CoreCivic, Inc.*
|
25,577
|
777
|
|
Deluxe Corp.
|
34,435
|
822
|
|
Ennis, Inc.
|
37,292
|
792
|
|
GEO Group (The), Inc.*
|
87,802
|
2,595
|
|
Healthcare Services Group, Inc.*
|
10,005
|
246
|
|
HNI Corp.
|
2,876
|
116
|
|
Interface, Inc.
|
27,719
|
993
|
|
Pitney Bowes, Inc.
|
43,018
|
754
|
|
UniFirst Corp.
|
21,848
|
5,778
|
|
|
|
12,873
|
|
Communications Equipment – 0.9%
|
||
|
Ceragon Networks Ltd.*
|
236,671
|
613
|
|
Clearfield, Inc.*
|
17,543
|
698
|
|
Digi International, Inc.*
|
62,663
|
4,696
|
|
Gilat Satellite Networks Ltd.* †
|
36,800
|
490
|
|
|
|
6,497
|
|
Construction & Engineering – 0.4%
|
||
|
Arcosa, Inc.
|
5,583
|
811
|
|
Bowman Consulting Group Ltd.*
|
17,533
|
512
|
|
Concrete Pumping Holdings, Inc.*
|
97,951
|
1,180
|
|
Granite Construction, Inc.
|
2,841
|
449
|
|
|
|
2,952
|
|
Consumer Finance – 2.5%
|
||
|
Atlanticus Holdings Corp.*
|
11,136
|
1,139
|
|
Bread Financial Holdings, Inc.
|
11,671
|
1,265
|
|
EZCORP, Inc., Class A*
|
22,115
|
764
|
|
Happen, Inc.*
|
135,880
|
2,818
|
|
Jefferson Capital, Inc.
|
61,896
|
1,205
|
|
LendingTree, Inc.*
|
14,756
|
653
|
|
Nelnet, Inc., Class A
|
35,869
|
4,782
|
|
NerdWallet, Inc., Class A*
|
57,819
|
535
|
|
PROG Holdings, Inc.
|
20,552
|
958
|
|
Regional Management Corp.
|
18,030
|
743
|
|
World Acceptance Corp.*
|
9,775
|
2,188
|
|
|
|
17,050
|
|
Consumer Staples Distribution & Retail – 0.9%
|
||
|
Andersons (The), Inc.
|
95,239
|
6,514
|
|
Schedule of Investments
|
|
SMALL CAP VALUE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Containers & Packaging – 0.4%
|
||
|
Myers Industries, Inc.
|
48,929
|
$1,727
|
|
Silgan Holdings, Inc.
|
15,884
|
737
|
|
|
|
2,464
|
|
Distributors – 0.1%
|
||
|
Gold.com, Inc.
|
16,766
|
698
|
|
Diversified Consumer Services – 0.3%
|
||
|
ADT, Inc.
|
95,068
|
618
|
|
Graham Holdings Co., Class B
|
553
|
631
|
|
Perdoceo Education Corp.
|
8,901
|
285
|
|
Strategic Education, Inc.
|
6,359
|
487
|
|
|
|
2,021
|
|
Diversified Real Estate Investment Trusts – 0.9%
|
||
|
AH Realty Trust, Inc.
|
75,583
|
535
|
|
Broadstone Net Lease, Inc.
|
89,889
|
1,858
|
|
Essential Properties Realty Trust, Inc.
|
127,794
|
3,815
|
|
|
|
6,208
|
|
Diversified Telecommunication Services – 0.7%
|
||
|
ATN International, Inc.
|
21,962
|
582
|
|
IDT Corp., Class B
|
4,775
|
278
|
|
Uniti Group, Inc.*
|
328,210
|
3,764
|
|
|
|
4,624
|
|
Electric Utilities – 1.5%
|
||
|
Hawaiian Electric Industries, Inc.*
|
212,702
|
2,878
|
|
Otter Tail Corp.
|
31,940
|
2,874
|
|
Portland General Electric Co.
|
82,841
|
4,293
|
|
|
|
10,045
|
|
Electrical Equipment – 1.8%
|
||
|
EnerSys
|
29,700
|
6,945
|
|
Shoals Technologies Group, Inc.,
Class A*
|
253,327
|
2,508
|
|
Sunrun, Inc.*
|
202,946
|
2,715
|
|
|
|
12,168
|
|
Electronic Equipment, Instruments & Components – 2.7%
|
||
|
Benchmark Electronics, Inc.
|
4,834
|
477
|
|
Crane NXT Co.
|
15,578
|
797
|
|
ePlus, Inc.
|
7,976
|
664
|
|
Insight Enterprises, Inc.*
|
18,462
|
2,249
|
|
IPG Photonics Corp.*
|
5,746
|
674
|
|
Itron, Inc.*
|
11,013
|
953
|
|
Kimball Electronics, Inc.*
|
19,616
|
502
|
|
PC Connection, Inc.
|
72,221
|
5,271
|
|
ScanSource, Inc.*
|
3,409
|
178
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Electronic Equipment, Instruments & Components – 2.7%continued
|
||
|
Vishay Intertechnology, Inc.
|
63,463
|
$3,413
|
|
Vishay Precision Group, Inc.*
|
20,642
|
3,094
|
|
|
|
18,272
|
|
Energy Equipment & Services – 1.9%
|
||
|
Borr Drilling Ltd.* †
|
153,731
|
635
|
|
Expro Group Holdings N.V.*
|
180,169
|
2,661
|
|
Helix Energy Solutions Group, Inc.*
|
69,369
|
606
|
|
Innovex International, Inc.*
|
32,631
|
809
|
|
Nabors Industries Ltd.*
|
10,456
|
879
|
|
Noble Corp. PLC
|
52,528
|
1,959
|
|
Oceaneering International, Inc.*
|
33,820
|
1,370
|
|
Valaris Ltd.*
|
59,859
|
4,346
|
|
|
|
13,265
|
|
Entertainment – 0.5%
|
||
|
Marcus (The) Corp.
|
38,624
|
906
|
|
Reservoir Media, Inc.*
|
62,248
|
616
|
|
Sphere Entertainment Co.*
|
12,616
|
2,183
|
|
|
|
3,705
|
|
Financial Services – 2.6%
|
||
|
Enact Holdings, Inc.
|
5,816
|
266
|
|
Essent Group Ltd.
|
50,667
|
3,257
|
|
Euronet Worldwide, Inc.*
|
16,077
|
1,177
|
|
HA Sustainable Infrastructure Capital,
Inc.
|
72,403
|
2,827
|
|
Merchants Bancorp
|
34,539
|
1,727
|
|
Pagseguro Digital Ltd., Class A
|
245,507
|
2,222
|
|
PennyMac Financial Services, Inc.
|
6,674
|
581
|
|
Radian Group, Inc.
|
154,522
|
5,821
|
|
|
|
17,878
|
|
Food Products – 0.9%
|
||
|
Cal-Maine Foods, Inc.
|
31,995
|
2,577
|
|
Freshpet, Inc.* †
|
25,150
|
1,487
|
|
Mission Produce, Inc.*
|
9,608
|
113
|
|
Seneca Foods Corp., Class A*
|
5,886
|
1,024
|
|
Village Farms International, Inc.* †
|
375,264
|
751
|
|
|
|
5,952
|
|
Gas Utilities – 2.5%
|
||
|
New Jersey Resources Corp.
|
68,780
|
3,854
|
|
Northwest Natural Holding Co.
|
32,280
|
1,584
|
|
ONE Gas, Inc.
|
45,370
|
3,497
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Gas Utilities – 2.5%continued
|
||
|
Southwest Gas Holdings, Inc.
|
47,113
|
$4,178
|
|
Spire, Inc.
|
52,975
|
4,137
|
|
|
|
17,250
|
|
Ground Transportation – 0.8%
|
||
|
ArcBest Corp.
|
40,550
|
5,821
|
|
Health Care Equipment & Supplies – 1.4%
|
||
|
Artivion, Inc.*
|
31,012
|
697
|
|
Avanos Medical, Inc.*
|
12,973
|
323
|
|
CONMED Corp.
|
14,544
|
476
|
|
Embecta Corp.†
|
7,802
|
25
|
|
ICU Medical, Inc.*
|
11,838
|
1,735
|
|
Inmode Ltd.*
|
11,465
|
168
|
|
Inspire Medical Systems, Inc.*
|
18,456
|
823
|
|
Integer Holdings Corp.*
|
5,765
|
539
|
|
Integra LifeSciences Holdings Corp.*
|
36,485
|
655
|
|
LivaNova PLC*
|
13,956
|
1,147
|
|
Neogen Corp.*
|
145,568
|
1,309
|
|
Omnicell, Inc.*
|
12,978
|
539
|
|
Tactile Systems Technology, Inc.*
|
20,216
|
602
|
|
Varex Imaging Corp.*
|
48,977
|
511
|
|
|
|
9,549
|
|
Health Care Providers & Services – 1.6%
|
||
|
Acadia Healthcare Co., Inc.*
|
25,097
|
741
|
|
AdaptHealth Corp.*
|
135,045
|
1,407
|
|
Addus HomeCare Corp.*
|
2,169
|
218
|
|
Astrana Health, Inc.*
|
22,230
|
1,032
|
|
Aveanna Healthcare Holdings, Inc.*
|
71,134
|
610
|
|
Community Health Systems, Inc.*
|
186,842
|
624
|
|
LifeStance Health Group, Inc.*
|
74,199
|
795
|
|
National HealthCare Corp.
|
5,606
|
1,185
|
|
NeoGenomics, Inc.*
|
108,194
|
1,578
|
|
Select Medical Holdings Corp.
|
106,494
|
1,758
|
|
Strata Critical Medical, Inc.* †
|
107,997
|
569
|
|
Surgery Partners, Inc.* †
|
32,524
|
546
|
|
|
|
11,063
|
|
Health Care Real Estate Investment Trusts – 2.0%
|
||
|
CareTrust REIT, Inc.
|
92,130
|
3,718
|
|
Diversified Healthcare Trust
|
363,379
|
3,380
|
|
LTC Properties, Inc.
|
42,085
|
1,618
|
|
National Health Investors, Inc.
|
26,634
|
2,031
|
|
Sabra Health Care REIT, Inc.
|
115,755
|
2,258
|
|
Sila Realty Trust, Inc.
|
23,323
|
708
|
|
|
|
13,713
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Health Care Technology – 0.4%
|
||
|
GoodRx Holdings, Inc., Class A* †
|
422,888
|
$1,218
|
|
HealthStream, Inc.
|
4,102
|
112
|
|
Phreesia, Inc.*
|
71,842
|
739
|
|
Waystar Holding Corp.*
|
45,098
|
926
|
|
|
|
2,995
|
|
Hotel & Resort Real Estate Investment Trusts – 1.1%
|
||
|
DiamondRock Hospitality Co.
|
239,110
|
2,912
|
|
RLJ Lodging Trust
|
87,371
|
1,035
|
|
Sunstone Hotel Investors, Inc.
|
260,061
|
2,978
|
|
Xenia Hotels & Resorts, Inc.
|
43,659
|
889
|
|
|
|
7,814
|
|
Hotels, Restaurants & Leisure – 1.3%
|
||
|
BJ's Restaurants, Inc.*
|
16,778
|
1,019
|
|
Bloomin' Brands, Inc.
|
281,920
|
2,577
|
|
Global Business Travel Group I*
|
108,150
|
1,015
|
|
Life Time Group Holdings, Inc.*
|
82,838
|
3,383
|
|
Pursuit Attractions and Hospitality, Inc.*
|
15,917
|
891
|
|
|
|
8,885
|
|
Household Durables – 3.5%
|
||
|
Ethan Allen Interiors, Inc.
|
80,538
|
1,799
|
|
Green Brick Partners, Inc.*
|
18,222
|
1,459
|
|
Hovnanian Enterprises, Inc., Class A*
|
8,145
|
1,160
|
|
KB Home
|
87,666
|
5,487
|
|
La-Z-Boy, Inc.
|
5,798
|
233
|
|
Leggett & Platt, Inc.
|
55,122
|
645
|
|
M/I Homes, Inc.*
|
23,906
|
3,844
|
|
Meritage Homes Corp.
|
35,731
|
2,996
|
|
Taylor Morrison Home Corp.*
|
90,884
|
6,520
|
|
|
|
24,143
|
|
Industrial Real Estate Investment Trusts – 1.0%
|
||
|
LXP Industrial Trust
|
24,570
|
1,324
|
|
One Liberty Properties, Inc.
|
67,059
|
1,637
|
|
Terreno Realty Corp.
|
59,748
|
3,870
|
|
|
|
6,831
|
|
Insurance – 2.8%
|
||
|
Abacus Global Management, Inc.†
|
74,328
|
796
|
|
CNO Financial Group, Inc.
|
167,578
|
8,543
|
|
F&G Annuities & Life, Inc.
|
31,166
|
829
|
|
HCI Group, Inc.
|
3,928
|
688
|
|
Heritage Insurance Holdings, Inc.*
|
33,486
|
873
|
|
Hippo Holdings, Inc.*
|
19,912
|
563
|
|
Mercury General Corp.
|
9,504
|
1,013
|
|
Schedule of Investments
|
|
SMALL CAP VALUE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Insurance – 2.8%continued
|
||
|
Selective Insurance Group, Inc.
|
27,804
|
$2,697
|
|
SiriusPoint Ltd.*
|
27,098
|
650
|
|
Skyward Specialty Insurance Group,
Inc.*
|
13,688
|
799
|
|
Slide Insurance Holdings, Inc.*
|
37,713
|
731
|
|
Stewart Information Services Corp.
|
17,217
|
1,137
|
|
|
|
19,319
|
|
Interactive Media & Services – 0.9%
|
||
|
Angi, Inc.*
|
142,099
|
846
|
|
Cars.com, Inc.*
|
101,055
|
1,106
|
|
Taboola.com Ltd.* †
|
152,058
|
760
|
|
TripAdvisor, Inc.*
|
41,268
|
566
|
|
Yelp, Inc.*
|
27,752
|
680
|
|
Ziff Davis, Inc.*
|
30,663
|
1,606
|
|
ZoomInfo Technologies, Inc.*
|
103,496
|
303
|
|
|
|
5,867
|
|
IT Services – 0.5%
|
||
|
DXC Technology Co.*
|
37,642
|
333
|
|
EPAM Systems, Inc.*
|
13,749
|
1,091
|
|
Everforth, Inc.*
|
22,387
|
400
|
|
Grid Dynamics Holdings, Inc.*
|
223,571
|
1,270
|
|
Hackett Group (The), Inc.
|
3,744
|
40
|
|
|
|
3,134
|
|
Leisure Products – 0.5%
|
||
|
Callaway Golf Co.*
|
129,989
|
2,442
|
|
JAKKS Pacific, Inc.
|
24,487
|
570
|
|
Smith & Wesson Brands, Inc.
|
40,465
|
609
|
|
|
|
3,621
|
|
Life Sciences Tools & Services – 0.4%
|
||
|
AbCellera Biologics, Inc.* †
|
123,712
|
971
|
|
CryoPort, Inc.*
|
58,986
|
926
|
|
Fortrea Holdings, Inc.*
|
63,631
|
1,107
|
|
Omniab, Inc.(1) *
|
6,939
|
—
|
|
Omniab, Inc. (NASDAQ Exchange)(1) *
|
6,939
|
—
|
|
|
|
3,004
|
|
Machinery – 2.4%
|
||
|
3D Systems Corp.* †
|
600,574
|
1,814
|
|
Astec Industries, Inc.
|
13,764
|
842
|
|
Enpro, Inc.
|
4,720
|
1,779
|
|
Greenbrier (The) Cos., Inc.
|
11,105
|
544
|
|
Helios Technologies, Inc.
|
18,876
|
1,685
|
|
Hillman Solutions Corp.*
|
82,861
|
699
|
|
JBT Marel Corp.
|
14,385
|
2,086
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Machinery – 2.4%continued
|
||
|
Kennametal, Inc.
|
26,377
|
$925
|
|
Miller Industries, Inc.
|
1,554
|
79
|
|
Proto Labs, Inc.*
|
14,072
|
1,147
|
|
Terex Corp.
|
46,811
|
3,389
|
|
Trinity Industries, Inc.
|
21,144
|
731
|
|
Worthington Enterprises, Inc.
|
10,003
|
538
|
|
|
|
16,258
|
|
Marine Transportation – 1.0%
|
||
|
Matson, Inc.
|
31,341
|
6,025
|
|
Safe Bulkers, Inc.†
|
72,275
|
456
|
|
Star Bulk Carriers Corp.†
|
6,684
|
167
|
|
|
|
6,648
|
|
Media – 1.0%
|
||
|
AMC Global Media, Inc.*
|
63,379
|
633
|
|
DoubleVerify Holdings, Inc.*
|
167,120
|
1,812
|
|
Magnite, Inc.*
|
125,471
|
2,381
|
|
Nexxen International Ltd.*
|
113,773
|
1,027
|
|
Stagwell, Inc.*
|
111,064
|
825
|
|
|
|
6,678
|
|
Metals & Mining – 1.8%
|
||
|
Commercial Metals Co.
|
122,036
|
7,658
|
|
McEwen, Inc.* †
|
63,407
|
1,150
|
|
Nexa Resources S.A.*
|
66,861
|
818
|
|
SSR Mining, Inc.*
|
38,082
|
1,077
|
|
Warrior Met Coal, Inc.
|
12,674
|
1,029
|
|
Worthington Steel, Inc.
|
22,286
|
748
|
|
|
|
12,480
|
|
Mortgage Real Estate Investment Trusts – 1.5%
|
||
|
Adamas Trust, Inc.
|
70,127
|
658
|
|
Dynex Capital, Inc.
|
231,736
|
3,038
|
|
Ellington Financial, Inc.
|
91,634
|
1,247
|
|
Invesco Mortgage Capital, Inc.†
|
307,163
|
2,427
|
|
Orchid Island Capital, Inc.†
|
399,298
|
2,783
|
|
|
|
10,153
|
|
Multi-Utilities – 0.9%
|
||
|
Northwestern Energy Group, Inc.
|
60,363
|
4,323
|
|
Unitil Corp.
|
39,312
|
2,072
|
|
|
|
6,395
|
|
Office Real Estate Investment Trusts – 0.4%
|
||
|
COPT Defense Properties
|
22,077
|
804
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Office Real Estate Investment Trusts – 0.4%continued
|
||
|
Highwoods Properties, Inc.
|
14,324
|
$432
|
|
Postal Realty Trust, Inc., Class A†
|
67,704
|
1,668
|
|
|
|
2,904
|
|
Oil, Gas & Consumable Fuels – 4.3%
|
||
|
BKV Corp.*
|
21,763
|
595
|
|
CNX Resources Corp.*
|
140,068
|
4,752
|
|
DHT Holdings, Inc.
|
321,421
|
5,313
|
|
Dorian LPG Ltd.
|
18,867
|
656
|
|
International Seaways, Inc.
|
30,952
|
2,371
|
|
Murphy Oil Corp.
|
34,721
|
1,131
|
|
Par Pacific Holdings, Inc.*
|
17,822
|
999
|
|
PBF Energy, Inc., Class A
|
48,979
|
2,230
|
|
REX American Resources Corp.*
|
37,333
|
1,686
|
|
Riley Exploration Permian, Inc.
|
35,329
|
1,164
|
|
SandRidge Energy, Inc.
|
49,485
|
678
|
|
Scorpio Tankers, Inc.
|
39,303
|
2,722
|
|
SM Energy Co.
|
102,397
|
2,673
|
|
Teekay Tankers Ltd., Class A
|
43,481
|
2,821
|
|
|
|
29,791
|
|
Passenger Airlines – 0.5%
|
||
|
Allegiant Travel Co.*
|
19,763
|
2,324
|
|
SkyWest, Inc.*
|
14,645
|
1,455
|
|
|
|
3,779
|
|
Pharmaceuticals – 1.9%
|
||
|
Amneal Pharmaceuticals, Inc.*
|
100,542
|
1,740
|
|
Amphastar Pharmaceuticals, Inc.*
|
3,829
|
77
|
|
Arvinas, Inc.*
|
55,421
|
461
|
|
Atea Pharmaceuticals, Inc.*
|
104,395
|
486
|
|
BioAge Labs, Inc.*
|
60,676
|
1,487
|
|
Contineum Therapeutics, Inc., Class A*
†
|
44,741
|
733
|
|
CorMedix, Inc.* †
|
71,301
|
560
|
|
Indivior Pharmaceuticals, Inc.*
|
16,803
|
689
|
|
Omeros Corp.* †
|
62,756
|
597
|
|
Pacira BioSciences, Inc.*
|
42,768
|
1,085
|
|
Prestige Consumer Healthcare, Inc.*
|
48,247
|
2,281
|
|
Supernus Pharmaceuticals, Inc.*
|
45,025
|
2,094
|
|
Theravance Biopharma, Inc.*
|
9,060
|
154
|
|
Trulieve Cannabis Corp.*
|
55,312
|
544
|
|
|
|
12,988
|
|
Professional Services – 0.7%
|
||
|
Korn Ferry
|
41,794
|
2,782
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Professional Services – 0.7%continued
|
||
|
Mistras Group, Inc.*
|
52,305
|
$914
|
|
Willdan Group, Inc.*
|
12,954
|
1,025
|
|
|
|
4,721
|
|
Real Estate Management & Development – 0.8%
|
||
|
Cushman & Wakefield Ltd.*
|
231,401
|
3,098
|
|
Howard Hughes Holdings, Inc.* †
|
7,411
|
530
|
|
Newmark Group, Inc., Class A
|
132,930
|
2,009
|
|
|
|
5,637
|
|
Residential Real Estate Investment Trusts – 0.1%
|
||
|
Independence Realty Trust, Inc.
|
39,822
|
665
|
|
Retail Real Estate Investment Trusts – 1.7%
|
||
|
Acadia Realty Trust
|
28,141
|
589
|
|
Getty Realty Corp.†
|
44,992
|
1,501
|
|
InvenTrust Properties Corp.
|
19,220
|
680
|
|
Kite Realty Group Trust
|
80,824
|
2,294
|
|
Phillips Edison & Co., Inc.
|
55,725
|
2,319
|
|
Tanger, Inc.
|
36,595
|
1,444
|
|
Urban Edge Properties
|
91,078
|
2,084
|
|
Whitestone REIT
|
46,718
|
886
|
|
|
|
11,797
|
|
Semiconductors & Semiconductor Equipment – 1.3%
|
||
|
Diodes, Inc.*
|
33,638
|
3,681
|
|
Photronics, Inc.*
|
154,769
|
5,035
|
|
|
|
8,716
|
|
Software – 2.0%
|
||
|
Adeia, Inc.
|
23,985
|
790
|
|
Alarm.com Holdings, Inc.*
|
13,765
|
643
|
|
Box, Inc., Class A*
|
15,601
|
414
|
|
Daily Journal Corp.*
|
1,375
|
826
|
|
Five9, Inc.*
|
98,960
|
2,110
|
|
I3 Verticals, Inc., Class A*
|
37,499
|
801
|
|
LiveRamp Holdings, Inc.*
|
21,040
|
792
|
|
Mitek Systems, Inc.*
|
66,800
|
1,345
|
|
NCR Voyix Corp.*
|
318,320
|
2,601
|
|
OneSpan, Inc.†
|
39,514
|
567
|
|
Pagaya Technologies Ltd., Class A* †
|
51,089
|
932
|
|
SPS Commerce, Inc.*
|
38,026
|
2,174
|
|
|
|
13,995
|
|
Specialized Real Estate Investment Trusts – 0.3%
|
||
|
EPR Properties
|
10,712
|
621
|
|
Schedule of Investments
|
|
SMALL CAP VALUE FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 95.5%continued
|
||
|
Specialized Real Estate Investment Trusts – 0.3%continued
|
||
|
Farmland Partners, Inc.
|
26,195
|
$254
|
|
Four Corners Property Trust, Inc.
|
35,500
|
871
|
|
|
|
1,746
|
|
Specialty Retail – 2.2%
|
||
|
Academy Sports & Outdoors, Inc.†
|
13,343
|
629
|
|
Advance Auto Parts, Inc.†
|
35,935
|
2,236
|
|
American Eagle Outfitters, Inc.
|
113,634
|
1,954
|
|
Arko Corp.
|
73,942
|
594
|
|
Asbury Automotive Group, Inc.*
|
2,790
|
561
|
|
Designer Brands, Inc., Class A†
|
97,387
|
568
|
|
Group 1 Automotive, Inc.
|
1,405
|
409
|
|
National Vision Holdings, Inc.*
|
23,397
|
445
|
|
Sally Beauty Holdings, Inc.*
|
14,212
|
201
|
|
Signet Jewelers Ltd.
|
19,201
|
1,655
|
|
Sonic Automotive, Inc., Class A
|
51,174
|
4,339
|
|
Urban Outfitters, Inc.*
|
12,573
|
891
|
|
Zumiez, Inc.*
|
23,116
|
411
|
|
|
|
14,893
|
|
Technology Hardware, Storage & Peripherals – 0.3%
|
||
|
Corsair Gaming, Inc.*
|
158,498
|
1,533
|
|
Turtle Beach Corp.* †
|
40,003
|
498
|
|
|
|
2,031
|
|
Textiles, Apparel & Luxury Goods – 0.6%
|
||
|
Carter's, Inc.
|
34,231
|
1,409
|
|
PVH Corp.
|
19,075
|
1,416
|
|
Rocky Brands, Inc.
|
36,192
|
1,493
|
|
|
|
4,318
|
|
Trading Companies & Distributors – 1.6%
|
||
|
Boise Cascade Co.
|
11,989
|
931
|
|
GATX Corp.
|
32,184
|
5,703
|
|
Rush Enterprises, Inc., Class A
|
49,747
|
3,631
|
|
Willis Lease Finance Corp.
|
3,451
|
789
|
|
|
|
11,054
|
|
Wireless Telecommunication Services – 0.2%
|
||
|
Kyivstar Group Ltd.*
|
59,068
|
955
|
|
Telephone and Data Systems, Inc.
|
18,350
|
679
|
|
|
|
1,634
|
|
Total Common Stocks
|
|
|
|
(Cost $436,749)
|
|
656,965
|
|
|
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
RIGHTS – 0.0%
|
||
|
Biotechnology – 0.0%
|
||
|
Chinook Therapeutics, Inc. (Contingent
Value Rights)(1) *
|
89,437
|
$—
|
|
Pharmaceuticals – 0.0%
|
||
|
AstraZeneca PLC (Contingent Value
Rights)(1) *
|
28,202
|
—
|
|
Total Rights
|
|
|
|
(Cost $—)
|
|
—
|
|
|
|
|
|
INVESTMENT COMPANIES – 7.9%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
23,004,534
|
23,005
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
31,766,209
|
31,766
|
|
Total Investment Companies
|
|
|
|
(Cost $54,771)
|
|
54,771
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.4%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.62%, 10/15/26(5) (6)
|
$2,389
|
$2,363
|
|
Total Short-Term Investments
|
|
|
|
(Cost $2,364)
|
2,363
|
|
|
|
|
|
|
Total Investments – 103.8%
|
|
|
|
(Cost $493,884)
|
714,099
|
|
|
Liabilities less Other Assets – (3.8%)
|
(25,882
)
|
|
|
NET ASSETS – 100.0%
|
$688,217
|
|
|
(1)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
|
June 30, 2026 (UNAUDITED)
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini Russell
2000 Index
|
163
|
$24,822
|
Long
|
9/26
|
$651
|
|
E-Mini S&P
500
|
16
|
6,039
|
Long
|
9/26
|
30
|
|
Total
|
|
|
|
|
$681
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Biotechnology
|
$31,968
|
$—
|
$319
|
$32,287
|
|
All Other Industries(1)
|
624,678
|
—
|
—
|
624,678
|
|
Total Common Stocks
|
656,646
|
—
|
319
|
656,965
|
|
Investment Companies
|
54,771
|
—
|
—
|
54,771
|
|
Short-Term Investments
|
—
|
2,363
|
—
|
2,363
|
|
Total Investments
|
$711,417
|
$2,363
|
$319
|
$714,099
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$681
|
$—
|
$—
|
$681
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$12,621
|
$65,140
|
$54,756
|
$23,005
|
23,004,534
|
$61
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
19,151
|
31,669
|
19,054
|
31,766
|
31,766,209
|
182
|
|
Total
|
$31,772
|
$96,809
|
$73,810
|
$54,771
|
54,770,743
|
$243
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
STOCK INDEX FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 98.9%
|
||
|
Aerospace & Defense – 2.2%
|
||
|
Axon Enterprise, Inc.*
|
24,750
|
$13,875
|
|
Boeing (The) Co.*
|
234,368
|
50,734
|
|
General Dynamics Corp.
|
75,382
|
26,703
|
|
General Electric Co.
|
310,377
|
115,997
|
|
Honeywell Aerospace, Inc.*
|
94,174
|
20,820
|
|
Howmet Aerospace, Inc.
|
118,880
|
31,962
|
|
Huntington Ingalls Industries, Inc.
|
11,526
|
3,226
|
|
L3Harris Technologies, Inc.
|
55,696
|
16,185
|
|
Lockheed Martin Corp.
|
60,274
|
30,707
|
|
Northrop Grumman Corp.
|
39,683
|
20,211
|
|
RTX Corp.
|
400,512
|
75,989
|
|
Textron, Inc.†
|
51,102
|
4,688
|
|
TransDigm Group, Inc.
|
16,605
|
22,118
|
|
|
|
433,215
|
|
Air Freight & Logistics – 0.3%
|
||
|
C.H. Robinson Worldwide, Inc.
|
34,764
|
6,547
|
|
Expeditors International of Washington,
Inc.
|
41,582
|
6,777
|
|
FedEx Corp.
|
65,158
|
20,403
|
|
United Parcel Service, Inc., Class B
|
222,843
|
23,956
|
|
|
|
57,683
|
|
Automobile Components – 0.0%
|
||
|
Aptiv PLC*
|
62,051
|
3,809
|
|
Automobiles – 2.0%
|
||
|
Ford Motor Co.
|
1,107,891
|
15,400
|
|
General Motors Co.
|
270,054
|
20,816
|
|
Tesla, Inc.*
|
837,776
|
352,368
|
|
|
|
388,584
|
|
Banks – 3.4%
|
||
|
Bank of America Corp.
|
1,942,225
|
110,668
|
|
Citigroup, Inc.
|
507,242
|
70,993
|
|
Citizens Financial Group, Inc.
|
127,445
|
8,930
|
|
Fifth Third Bancorp†
|
268,721
|
15,148
|
|
Huntington Bancshares, Inc.†
|
600,128
|
10,640
|
|
JPMorgan Chase & Co.
|
797,341
|
260,994
|
|
KeyCorp
|
292,489
|
6,742
|
|
M&T Bank Corp.
|
45,177
|
10,752
|
|
PNC Financial Services Group (The),
Inc.
|
119,283
|
29,370
|
|
Regions Financial Corp.
|
265,651
|
8,023
|
|
Truist Financial Corp.
|
374,803
|
18,673
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Banks – 3.4%continued
|
||
|
U.S. Bancorp
|
462,249
|
$27,920
|
|
Wells Fargo & Co.†
|
910,142
|
75,214
|
|
|
|
654,067
|
|
Beverages – 1.0%
|
||
|
Brown-Forman Corp., Class B
|
55,354
|
1,475
|
|
Coca-Cola (The) Co.
|
1,151,803
|
93,607
|
|
Constellation Brands, Inc., Class A
|
44,586
|
6,202
|
|
Keurig Dr. Pepper, Inc.
|
403,148
|
13,195
|
|
Molson Coors Beverage Co., Class B†
|
46,356
|
1,806
|
|
Monster Beverage Corp.*
|
211,897
|
20,368
|
|
PepsiCo, Inc.
|
406,398
|
55,026
|
|
|
|
191,679
|
|
Biotechnology – 1.6%
|
||
|
AbbVie, Inc.
|
525,615
|
132,266
|
|
Amgen, Inc.
|
160,474
|
58,111
|
|
Biogen, Inc.*
|
45,274
|
9,782
|
|
Gilead Sciences, Inc.
|
366,040
|
46,245
|
|
Incyte Corp.*
|
51,522
|
5,841
|
|
Moderna, Inc.*
|
107,312
|
7,515
|
|
Regeneron Pharmaceuticals, Inc.
|
29,649
|
18,487
|
|
Vertex Pharmaceuticals, Inc.*
|
75,422
|
37,464
|
|
|
|
315,711
|
|
Broadline Retail – 3.7%
|
||
|
Amazon.com, Inc.*
|
2,913,276
|
694,350
|
|
eBay, Inc.
|
134,639
|
15,046
|
|
|
|
709,396
|
|
Building Products – 0.5%
|
||
|
A.O. Smith Corp.
|
32,386
|
2,031
|
|
Allegion PLC
|
25,913
|
3,641
|
|
Builders FirstSource, Inc.*
|
31,352
|
2,805
|
|
Carrier Global Corp.
|
231,613
|
16,989
|
|
Johnson Controls International PLC
|
181,967
|
26,587
|
|
Lennox International, Inc.
|
9,323
|
5,342
|
|
Masco Corp.
|
59,319
|
4,827
|
|
Trane Technologies PLC
|
65,676
|
32,257
|
|
|
|
94,479
|
|
Capital Markets – 2.9%
|
||
|
Ameriprise Financial, Inc.
|
27,445
|
12,591
|
|
Ares Management Corp., Class A†
|
62,283
|
6,933
|
|
Bank of New York Mellon (The) Corp.
|
204,064
|
29,510
|
|
Blackrock, Inc.
|
42,911
|
41,262
|
|
Blackstone, Inc.
|
221,047
|
26,011
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Capital Markets – 2.9%continued
|
||
|
Cboe Global Markets, Inc.
|
31,046
|
$7,534
|
|
Charles Schwab (The) Corp.
|
485,948
|
44,838
|
|
CME Group, Inc.
|
107,605
|
23,762
|
|
Coinbase Global, Inc., Class A*
|
65,825
|
9,623
|
|
FactSet Research Systems, Inc.†
|
10,582
|
2,435
|
|
Franklin Resources, Inc.
|
104,845
|
3,488
|
|
Goldman Sachs Group (The), Inc.
|
86,545
|
87,529
|
|
Interactive Brokers Group, Inc., Class A
|
131,982
|
11,488
|
|
Intercontinental Exchange, Inc.
|
167,880
|
20,668
|
|
Invesco Ltd.
|
129,765
|
3,424
|
|
KKR & Co., Inc.
|
205,155
|
18,829
|
|
Moody's Corp.
|
45,017
|
20,389
|
|
Morgan Stanley
|
356,526
|
74,528
|
|
MSCI, Inc.
|
22,158
|
12,409
|
|
Nasdaq, Inc.(1)
|
132,284
|
10,427
|
|
Northern Trust Corp.(1)
|
57,170
|
9,938
|
|
Raymond James Financial, Inc.†
|
54,113
|
8,227
|
|
Robinhood Markets, Inc., Class A*
|
234,901
|
23,556
|
|
S&P Global, Inc.
|
90,102
|
36,695
|
|
State Street Corp.
|
84,004
|
14,247
|
|
T. Rowe Price Group, Inc.
|
63,236
|
7,189
|
|
|
|
567,530
|
|
Chemicals – 1.0%
|
||
|
Air Products and Chemicals, Inc.
|
66,075
|
19,372
|
|
Albemarle Corp.
|
36,734
|
4,960
|
|
CF Industries Holdings, Inc.
|
45,177
|
4,891
|
|
Corteva, Inc.
|
202,115
|
17,117
|
|
Dow, Inc.
|
213,509
|
5,842
|
|
DuPont de Nemours, Inc.
|
40,260
|
5,461
|
|
Ecolab, Inc.
|
75,184
|
20,947
|
|
International Flavors & Fragrances,
Inc.†
|
78,376
|
6,209
|
|
Linde PLC
|
137,500
|
71,354
|
|
LyondellBasell Industries N.V., Class A†
|
76,057
|
4,004
|
|
Mosaic (The) Co.
|
91,894
|
1,947
|
|
PPG Industries, Inc.
|
60,321
|
7,316
|
|
Sherwin-Williams (The) Co.
|
68,099
|
23,448
|
|
|
|
192,868
|
|
Commercial Services & Supplies – 0.4%
|
||
|
Cintas Corp.
|
100,887
|
17,159
|
|
Copart, Inc.*
|
261,917
|
7,383
|
|
Republic Services, Inc.
|
59,257
|
12,626
|
|
Rollins, Inc.
|
86,145
|
3,596
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Commercial Services & Supplies – 0.4%continued
|
||
|
Veralto Corp.
|
72,444
|
$6,424
|
|
Waste Management, Inc.
|
109,707
|
24,452
|
|
|
|
71,640
|
|
Communications Equipment – 1.3%
|
||
|
Arista Networks, Inc.*
|
306,970
|
52,148
|
|
Ciena Corp.*
|
41,963
|
20,585
|
|
Cisco Systems, Inc.
|
1,175,145
|
138,033
|
|
F5, Inc.*
|
17,133
|
7,127
|
|
Lumentum Holdings, Inc.*
|
23,089
|
19,812
|
|
Motorola Solutions, Inc.
|
49,265
|
20,459
|
|
|
|
258,164
|
|
Construction & Engineering – 0.3%
|
||
|
Comfort Systems U.S.A., Inc.
|
10,431
|
20,674
|
|
EMCOR Group, Inc.
|
13,160
|
10,921
|
|
Quanta Services, Inc.
|
44,582
|
32,101
|
|
|
|
63,696
|
|
Construction Materials – 0.2%
|
||
|
CRH PLC
|
189,851
|
20,314
|
|
Martin Marietta Materials, Inc.
|
18,354
|
10,585
|
|
Vulcan Materials Co.†
|
39,715
|
11,716
|
|
|
|
42,615
|
|
Consumer Finance – 0.5%
|
||
|
American Express Co.
|
158,239
|
53,525
|
|
Capital One Financial Corp.
|
184,933
|
37,101
|
|
Synchrony Financial
|
105,588
|
8,030
|
|
|
|
98,656
|
|
Consumer Staples Distribution & Retail – 1.7%
|
||
|
Casey's General Stores, Inc.
|
10,930
|
8,687
|
|
Costco Wholesale Corp.
|
130,699
|
122,265
|
|
Dollar General Corp.
|
65,938
|
7,590
|
|
Dollar Tree, Inc.*
|
57,212
|
6,920
|
|
Kroger (The) Co.
|
174,216
|
9,674
|
|
Sysco Corp.
|
141,622
|
11,837
|
|
Target Corp.
|
134,778
|
17,603
|
|
Walmart, Inc.
|
1,304,360
|
147,732
|
|
|
|
332,308
|
|
Containers & Packaging – 0.2%
|
||
|
Amcor PLC†
|
136,255
|
5,907
|
|
Avery Dennison Corp.
|
22,420
|
3,640
|
|
Ball Corp.
|
85,705
|
5,348
|
|
International Paper Co.
|
156,127
|
5,948
|
|
Schedule of Investments
|
|
STOCK INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Containers & Packaging – 0.2%continued
|
||
|
Packaging Corp. of America
|
26,116
|
$6,223
|
|
Smurfit Westrock PLC (New York
Exchange)
|
154,885
|
7,165
|
|
|
|
34,231
|
|
Distributors – 0.0%
|
||
|
Genuine Parts Co.
|
40,452
|
4,773
|
|
Diversified Telecommunication Services – 0.6%
|
||
|
AT&T, Inc.
|
2,065,528
|
42,756
|
|
Comcast Corp., Class A
|
1,060,873
|
26,045
|
|
Verizon Communications, Inc.
|
1,241,546
|
52,567
|
|
|
|
121,368
|
|
Electric Utilities – 1.4%
|
||
|
Alliant Energy Corp.†
|
79,608
|
6,073
|
|
American Electric Power Co., Inc.
|
161,525
|
22,098
|
|
Constellation Energy Corp.
|
94,936
|
23,579
|
|
Duke Energy Corp.
|
231,587
|
29,314
|
|
Edison International†
|
113,766
|
8,470
|
|
Entergy Corp.
|
135,790
|
15,597
|
|
Evergy, Inc.
|
68,390
|
5,911
|
|
Eversource Energy
|
117,758
|
8,511
|
|
Exelon Corp.
|
303,336
|
14,142
|
|
FirstEnergy Corp.
|
161,434
|
7,675
|
|
NextEra Energy, Inc.
|
604,220
|
53,033
|
|
NRG Energy, Inc.
|
62,399
|
9,114
|
|
PG&E Corp.
|
652,155
|
10,969
|
|
Pinnacle West Capital Corp.
|
35,533
|
3,802
|
|
PPL Corp.
|
234,912
|
8,539
|
|
Southern (The) Co.
|
334,932
|
32,056
|
|
Xcel Energy, Inc.
|
185,110
|
14,864
|
|
|
|
273,747
|
|
Electrical Equipment – 1.3%
|
||
|
AMETEK, Inc.
|
68,210
|
16,503
|
|
Eaton Corp. PLC
|
115,431
|
49,187
|
|
Emerson Electric Co.
|
166,621
|
23,852
|
|
GE Vernova, Inc.
|
79,926
|
93,902
|
|
Generac Holdings, Inc.*
|
17,323
|
5,072
|
|
Hubbell, Inc.
|
15,926
|
8,333
|
|
Rockwell Automation, Inc.
|
33,467
|
16,569
|
|
Vertiv Holdings Co., Class A
|
114,145
|
38,218
|
|
|
|
251,636
|
|
Electronic Equipment, Instruments & Components – 1.2%
|
||
|
Amphenol Corp., Class A
|
365,811
|
64,500
|
|
CDW Corp.
|
37,590
|
5,287
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Electronic Equipment, Instruments & Components – 1.2%continued
|
||
|
Coherent Corp.*
|
58,085
|
$22,913
|
|
Corning, Inc.
|
232,826
|
59,471
|
|
Flex Ltd.*
|
109,057
|
17,675
|
|
Jabil, Inc.
|
32,011
|
12,339
|
|
Keysight Technologies, Inc.*
|
51,416
|
17,999
|
|
TE Connectivity PLC
|
87,888
|
17,719
|
|
Teledyne Technologies, Inc.*
|
13,821
|
9,217
|
|
Zebra Technologies Corp., Class A*
|
13,949
|
3,672
|
|
|
|
230,792
|
|
Energy Equipment & Services – 0.2%
|
||
|
Baker Hughes Co.
|
294,270
|
16,332
|
|
Halliburton Co.
|
251,886
|
8,551
|
|
SLB Ltd.
|
443,766
|
20,631
|
|
|
|
45,514
|
|
Entertainment – 1.0%
|
||
|
Electronic Arts, Inc.
|
67,766
|
13,895
|
|
Live Nation Entertainment, Inc.* †
|
46,769
|
8,564
|
|
Netflix, Inc.*
|
1,252,485
|
89,427
|
|
Take-Two Interactive Software, Inc.*
|
53,214
|
13,302
|
|
TKO Group Holdings, Inc.†
|
19,868
|
4,000
|
|
Walt Disney (The) Co.
|
511,960
|
49,276
|
|
Warner Bros. Discovery, Inc.*
|
735,576
|
19,611
|
|
|
|
198,075
|
|
Financial Services – 3.3%
|
||
|
Apollo Global Management, Inc.
|
136,812
|
16,186
|
|
Berkshire Hathaway, Inc., Class B*
|
545,544
|
272,985
|
|
Block, Inc.*
|
148,509
|
11,287
|
|
Corpay, Inc.*
|
20,356
|
6,784
|
|
Fidelity National Information Services,
Inc.
|
152,379
|
5,924
|
|
Fiserv, Inc.*
|
157,542
|
7,727
|
|
Global Payments, Inc.
|
68,361
|
4,960
|
|
Jack Henry & Associates, Inc.
|
20,706
|
2,852
|
|
Mastercard, Inc., Class A
|
240,038
|
123,284
|
|
PayPal Holdings, Inc.
|
270,165
|
11,666
|
|
Visa, Inc., Class A
|
493,814
|
169,423
|
|
|
|
633,078
|
|
Food Products – 0.4%
|
||
|
Archer-Daniels-Midland Co.†
|
142,694
|
10,902
|
|
Bunge Global S.A.
|
39,904
|
4,259
|
|
General Mills, Inc.
|
157,218
|
5,471
|
|
Hershey (The) Co.†
|
46,319
|
8,127
|
|
Hormel Foods Corp.
|
86,969
|
2,158
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Food Products – 0.4%continued
|
||
|
J.M. Smucker (The) Co.
|
31,236
|
$3,514
|
|
Kraft Heinz (The) Co.
|
225,245
|
5,320
|
|
McCormick & Co., Inc. (Non Voting)
|
74,408
|
3,752
|
|
Mondelez International, Inc., Class A
|
381,965
|
22,093
|
|
Tyson Foods, Inc., Class A
|
72,406
|
4,145
|
|
|
|
69,741
|
|
Gas Utilities – 0.0%
|
||
|
Atmos Energy Corp.
|
49,354
|
8,502
|
|
Ground Transportation – 0.8%
|
||
|
CSX Corp.
|
553,390
|
26,303
|
|
Fedex Freight Holding Co., Inc.*
|
32,168
|
4,857
|
|
JB Hunt Transport Services, Inc.
|
21,963
|
6,357
|
|
Norfolk Southern Corp.
|
67,060
|
21,096
|
|
Old Dominion Freight Line, Inc.
|
55,900
|
12,108
|
|
Uber Technologies, Inc.*
|
605,096
|
43,664
|
|
Union Pacific Corp.
|
176,491
|
48,005
|
|
|
|
162,390
|
|
Health Care Equipment & Supplies – 1.4%
|
||
|
Abbott Laboratories
|
517,796
|
46,985
|
|
Align Technology, Inc.*
|
22,567
|
3,806
|
|
Baxter International, Inc.†
|
151,034
|
3,220
|
|
Becton Dickinson & Co.
|
81,628
|
12,353
|
|
Boston Scientific Corp.*
|
441,118
|
18,827
|
|
Cooper (The) Cos., Inc.*
|
57,252
|
4,105
|
|
Dexcom, Inc.*
|
120,241
|
8,098
|
|
Edwards Lifesciences Corp.*
|
174,283
|
15,766
|
|
GE HealthCare Technologies, Inc.
|
134,520
|
8,611
|
|
IDEXX Laboratories, Inc.*
|
23,791
|
12,524
|
|
Insulet Corp.*
|
20,236
|
3,081
|
|
Intuitive Surgical, Inc.*
|
105,270
|
41,864
|
|
Medtronic PLC
|
381,421
|
29,839
|
|
ResMed, Inc.
|
42,886
|
8,358
|
|
Solventum Corp.*
|
50,299
|
3,881
|
|
STERIS PLC
|
28,918
|
6,089
|
|
Stryker Corp.
|
102,511
|
32,274
|
|
Zimmer Biomet Holdings, Inc.
|
56,955
|
4,903
|
|
|
|
264,584
|
|
Health Care Providers & Services – 1.7%
|
||
|
Cardinal Health, Inc.
|
70,890
|
16,841
|
|
Cencora, Inc.
|
57,709
|
16,330
|
|
Centene Corp.*
|
138,725
|
8,905
|
|
Cigna Group (The)
|
78,531
|
21,649
|
|
CVS Health Corp.
|
379,203
|
39,229
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Health Care Providers & Services – 1.7%continued
|
||
|
DaVita, Inc.*
|
11,259
|
$2,505
|
|
Elevance Health, Inc.
|
64,487
|
24,939
|
|
HCA Healthcare, Inc.
|
46,735
|
18,222
|
|
Henry Schein, Inc.*
|
35,292
|
2,948
|
|
Humana, Inc.
|
35,578
|
14,132
|
|
Labcorp Holdings, Inc.
|
24,744
|
6,928
|
|
McKesson Corp.
|
35,772
|
27,029
|
|
Quest Diagnostics, Inc.
|
32,953
|
6,984
|
|
UnitedHealth Group, Inc.
|
270,154
|
112,284
|
|
Universal Health Services, Inc., Class B
|
15,472
|
2,301
|
|
|
|
321,226
|
|
Health Care Real Estate Investment Trusts – 0.4%
|
||
|
Alexandria Real Estate Equities, Inc.
|
56,644
|
2,994
|
|
Healthpeak Properties, Inc.
|
202,481
|
4,333
|
|
Ventas, Inc.†
|
144,048
|
12,791
|
|
Welltower, Inc.
|
209,848
|
47,629
|
|
|
|
67,747
|
|
Health Care Technology – 0.0%
|
||
|
Veeva Systems, Inc., Class A*
|
44,337
|
7,868
|
|
Hotel & Resort Real Estate Investment Trusts – 0.0%
|
||
|
Host Hotels & Resorts, Inc.
|
208,257
|
4,938
|
|
Hotels, Restaurants & Leisure – 1.6%
|
||
|
Airbnb, Inc., Class A*
|
123,999
|
17,744
|
|
Booking Holdings, Inc.
|
230,317
|
41,052
|
|
Carnival Corp. Ltd.
|
380,936
|
10,883
|
|
Chipotle Mexican Grill, Inc.* †
|
380,001
|
12,920
|
|
Darden Restaurants, Inc.
|
33,737
|
6,950
|
|
Domino's Pizza, Inc.
|
8,912
|
2,638
|
|
DoorDash, Inc., Class A*
|
112,316
|
20,726
|
|
Expedia Group, Inc.
|
35,731
|
9,143
|
|
Hilton Worldwide Holdings, Inc.
|
67,997
|
22,470
|
|
Las Vegas Sands Corp.
|
87,563
|
4,045
|
|
Marriott International, Inc., Class A
|
65,237
|
24,176
|
|
McDonald's Corp.
|
211,264
|
57,107
|
|
MGM Resorts International*
|
67,658
|
3,235
|
|
Norwegian Cruise Line Holdings Ltd.* †
|
133,958
|
2,828
|
|
Royal Caribbean Cruises Ltd.
|
74,060
|
23,516
|
|
Starbucks Corp.
|
338,666
|
34,608
|
|
Wynn Resorts Ltd.†
|
28,884
|
2,804
|
|
Yum! Brands, Inc.
|
83,970
|
13,424
|
|
|
|
310,269
|
|
Household Durables – 0.2%
|
||
|
D.R. Horton, Inc.
|
78,155
|
12,730
|
|
Schedule of Investments
|
|
STOCK INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Household Durables – 0.2%continued
|
||
|
Garmin Ltd.
|
50,206
|
$11,926
|
|
Lennar Corp., Class A
|
63,456
|
5,742
|
|
NVR, Inc.*
|
795
|
5,417
|
|
PulteGroup, Inc.
|
56,279
|
7,722
|
|
|
|
43,537
|
|
Household Products – 0.7%
|
||
|
Church & Dwight Co., Inc.†
|
69,950
|
6,777
|
|
Clorox (The) Co.
|
35,398
|
3,378
|
|
Colgate-Palmolive Co.
|
237,548
|
21,778
|
|
Kimberly-Clark Corp.†
|
98,267
|
10,787
|
|
Procter & Gamble (The) Co.
|
675,342
|
99,032
|
|
|
|
141,752
|
|
Independent Power & Renewable Electricity Producers – 0.1%
|
||
|
AES (The) Corp.
|
239,104
|
3,506
|
|
Vistra Corp.
|
95,986
|
15,226
|
|
|
|
18,732
|
|
Industrial Conglomerates – 0.2%
|
||
|
3M Co.
|
155,587
|
25,191
|
|
Honeywell International, Inc.
|
94,174
|
21,086
|
|
|
|
46,277
|
|
Industrial Real Estate Investment Trusts – 0.2%
|
||
|
Prologis, Inc.
|
277,093
|
37,538
|
|
Insurance – 1.6%
|
||
|
Aflac, Inc.
|
138,391
|
16,226
|
|
Allstate (The) Corp.
|
77,253
|
18,382
|
|
American International Group, Inc.
|
162,120
|
12,083
|
|
Aon PLC, Class A
|
63,411
|
21,033
|
|
Arch Capital Group Ltd.*
|
107,572
|
10,441
|
|
Arthur J. Gallagher & Co.†
|
76,206
|
17,495
|
|
Assurant, Inc.
|
15,319
|
4,114
|
|
Brown & Brown, Inc.
|
85,845
|
5,507
|
|
Chubb Ltd.
|
107,191
|
36,524
|
|
Cincinnati Financial Corp.
|
46,387
|
8,588
|
|
Erie Indemnity Co., Class A†
|
7,315
|
1,754
|
|
Everest Group Ltd.
|
11,615
|
4,149
|
|
Globe Life, Inc.
|
25,074
|
4,480
|
|
Hartford Insurance Group (The), Inc.†
|
84,334
|
11,176
|
|
Loews Corp.
|
52,536
|
5,948
|
|
Marsh & McLennan Cos., Inc.
|
143,058
|
23,843
|
|
MetLife, Inc.
|
164,071
|
13,882
|
|
Principal Financial Group, Inc.
|
57,924
|
6,243
|
|
Progressive (The) Corp.
|
173,661
|
37,936
|
|
Prudential Financial, Inc.
|
102,747
|
11,089
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Insurance – 1.6%continued
|
||
|
Travelers (The) Cos., Inc.
|
63,845
|
$21,076
|
|
W R Berkley Corp.
|
89,081
|
6,283
|
|
Willis Towers Watson PLC
|
29,028
|
7,587
|
|
|
|
305,839
|
|
Interactive Media & Services – 7.7%
|
||
|
Alphabet, Inc., Class A
|
1,745,057
|
623,631
|
|
Alphabet, Inc., Class C
|
1,406,569
|
496,983
|
|
Meta Platforms, Inc., Class A
|
653,514
|
368,118
|
|
|
|
1,488,732
|
|
IT Services – 0.7%
|
||
|
Accenture PLC, Class A
|
182,291
|
22,684
|
|
Akamai Technologies, Inc.*
|
46,425
|
5,488
|
|
Cognizant Technology Solutions Corp.,
Class A
|
149,244
|
5,780
|
|
Gartner, Inc.*
|
19,494
|
2,527
|
|
GoDaddy, Inc., Class A*
|
38,715
|
3,286
|
|
International Business Machines Corp.
|
279,526
|
78,606
|
|
VeriSign, Inc.
|
25,944
|
6,526
|
|
|
|
124,897
|
|
Leisure Products – 0.0%
|
||
|
Hasbro, Inc.†
|
45,842
|
3,786
|
|
Life Sciences Tools & Services – 0.8%
|
||
|
Agilent Technologies, Inc.
|
83,683
|
11,116
|
|
Bio-Techne Corp.
|
45,641
|
3,225
|
|
Charles River Laboratories
International, Inc.*
|
14,057
|
3,188
|
|
Danaher Corp.
|
187,185
|
35,655
|
|
IQVIA Holdings, Inc.* †
|
49,445
|
9,554
|
|
Mettler-Toledo International, Inc.*
|
5,968
|
7,624
|
|
Revvity, Inc.
|
33,910
|
3,773
|
|
Thermo Fisher Scientific, Inc.
|
110,492
|
55,396
|
|
Waters Corp.*
|
29,070
|
10,902
|
|
West Pharmaceutical Services, Inc.
|
20,861
|
7,489
|
|
|
|
147,922
|
|
Machinery – 2.0%
|
||
|
Caterpillar, Inc.
|
137,030
|
145,923
|
|
Cummins, Inc.
|
40,989
|
29,234
|
|
Deere & Co.
|
74,671
|
47,366
|
|
Dover Corp.
|
39,828
|
8,933
|
|
Fortive Corp.
|
89,801
|
5,486
|
|
IDEX Corp.
|
23,945
|
5,434
|
|
Illinois Tool Works, Inc.
|
77,708
|
21,018
|
|
Ingersoll Rand, Inc.
|
105,271
|
8,631
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Machinery – 2.0%continued
|
||
|
Nordson Corp.
|
17,029
|
$5,137
|
|
Otis Worldwide Corp.
|
119,576
|
8,562
|
|
PACCAR, Inc.
|
156,157
|
18,758
|
|
Parker-Hannifin Corp.
|
37,469
|
36,649
|
|
Pentair PLC
|
47,344
|
3,629
|
|
Snap-on, Inc.
|
15,274
|
6,146
|
|
Stanley Black & Decker, Inc.
|
50,661
|
4,768
|
|
Westinghouse Air Brake Technologies
Corp.
|
50,577
|
13,636
|
|
Xylem, Inc.
|
70,241
|
8,303
|
|
|
|
377,613
|
|
Media – 0.1%
|
||
|
Charter Communications, Inc., Class A*
†
|
24,461
|
3,479
|
|
EchoStar Corp., Class A* †
|
39,996
|
4,060
|
|
Fox Corp., Class A
|
58,805
|
3,067
|
|
Fox Corp., Class B
|
40,139
|
1,880
|
|
News Corp., Class A
|
106,366
|
2,641
|
|
News Corp., Class B†
|
54,243
|
1,522
|
|
Omnicom Group, Inc.
|
84,060
|
6,122
|
|
Paramount Skydance Corp., Class B†
|
88,089
|
868
|
|
Trade Desk (The), Inc., Class A*
|
154,294
|
2,790
|
|
|
|
26,429
|
|
Metals & Mining – 0.4%
|
||
|
Freeport-McMoRan, Inc.
|
426,952
|
26,851
|
|
Newmont Corp.
|
317,138
|
29,621
|
|
Nucor Corp.
|
64,995
|
14,477
|
|
Steel Dynamics, Inc.†
|
41,589
|
9,543
|
|
|
|
80,492
|
|
Multi-Utilities – 0.6%
|
||
|
Ameren Corp.
|
81,872
|
9,255
|
|
CenterPoint Energy, Inc.†
|
193,272
|
8,512
|
|
CMS Energy Corp.
|
91,206
|
6,977
|
|
Consolidated Edison, Inc.
|
109,177
|
12,078
|
|
Dominion Energy, Inc.†
|
260,939
|
17,820
|
|
DTE Energy Co.
|
61,542
|
9,377
|
|
NiSource, Inc.
|
141,511
|
6,729
|
|
Public Service Enterprise Group, Inc.
|
147,931
|
12,006
|
|
Sempra
|
193,946
|
17,981
|
|
WEC Energy Group, Inc.
|
96,458
|
11,263
|
|
|
|
111,998
|
|
Office Real Estate Investment Trusts – 0.0%
|
||
|
BXP, Inc.
|
43,263
|
2,869
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Oil, Gas & Consumable Fuels – 2.7%
|
||
|
APA Corp.
|
105,305
|
$3,430
|
|
Chevron Corp.†
|
556,869
|
92,307
|
|
ConocoPhillips
|
362,076
|
37,641
|
|
Devon Energy Corp.
|
341,835
|
14,125
|
|
Diamondback Energy, Inc.
|
57,464
|
10,101
|
|
EOG Resources, Inc.
|
158,108
|
20,511
|
|
EQT Corp.
|
193,386
|
10,282
|
|
Expand Energy Corp.
|
70,565
|
6,435
|
|
Exxon Mobil Corp.
|
1,233,259
|
168,611
|
|
Kinder Morgan, Inc.
|
580,986
|
18,574
|
|
Marathon Petroleum Corp.
|
87,386
|
22,342
|
|
Occidental Petroleum Corp.
|
215,001
|
10,443
|
|
ONEOK, Inc.†
|
186,872
|
16,247
|
|
Phillips 66
|
118,996
|
20,116
|
|
Targa Resources Corp.
|
64,469
|
17,287
|
|
Texas Pacific Land Corp.
|
17,095
|
7,481
|
|
Valero Energy Corp.
|
88,901
|
23,153
|
|
Williams (The) Cos., Inc.
|
363,260
|
27,005
|
|
|
|
526,091
|
|
Passenger Airlines – 0.2%
|
||
|
Delta Air Lines, Inc.
|
195,384
|
18,300
|
|
Southwest Airlines Co.
|
153,904
|
7,914
|
|
United Airlines Holdings, Inc.*
|
96,170
|
13,078
|
|
|
|
39,292
|
|
Personal Care Products – 0.1%
|
||
|
Estee Lauder (The) Cos., Inc., Class A
|
78,558
|
6,202
|
|
Kenvue, Inc.
|
568,453
|
10,863
|
|
|
|
17,065
|
|
Pharmaceuticals – 3.4%
|
||
|
Bristol-Myers Squibb Co.
|
606,760
|
34,962
|
|
Eli Lilly & Co.
|
235,395
|
282,340
|
|
Johnson & Johnson
|
716,232
|
181,902
|
|
Merck & Co., Inc.
|
734,632
|
94,400
|
|
Pfizer, Inc.
|
1,693,992
|
40,791
|
|
Viatris, Inc.†
|
343,064
|
5,448
|
|
Zoetis, Inc.
|
129,368
|
9,296
|
|
|
|
649,139
|
|
Professional Services – 0.3%
|
||
|
Automatic Data Processing, Inc.
|
118,717
|
26,587
|
|
Broadridge Financial Solutions, Inc.
|
34,021
|
4,659
|
|
Equifax, Inc.
|
35,081
|
5,568
|
|
Jacobs Solutions, Inc.
|
35,283
|
4,445
|
|
Leidos Holdings, Inc.
|
36,896
|
3,799
|
|
Schedule of Investments
|
|
STOCK INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Professional Services – 0.3%continued
|
||
|
Paychex, Inc.†
|
99,288
|
$9,763
|
|
Verisk Analytics, Inc.
|
38,683
|
6,945
|
|
|
|
61,766
|
|
Real Estate Management & Development – 0.1%
|
||
|
CBRE Group, Inc., Class A*
|
88,078
|
11,863
|
|
CoStar Group, Inc.* †
|
101,422
|
2,872
|
|
|
|
14,735
|
|
Residential Real Estate Investment Trusts – 0.2%
|
||
|
AvalonBay Communities, Inc.
|
43,567
|
8,221
|
|
Camden Property Trust
|
29,410
|
3,367
|
|
Equity Residential
|
100,625
|
6,835
|
|
Essex Property Trust, Inc.
|
18,926
|
5,519
|
|
Invitation Homes, Inc.
|
139,903
|
4,226
|
|
Mid-America Apartment Communities,
Inc.
|
34,220
|
4,755
|
|
UDR, Inc.†
|
100,844
|
4,026
|
|
|
|
36,949
|
|
Retail Real Estate Investment Trusts – 0.3%
|
||
|
Federal Realty Investment Trust
|
22,945
|
2,832
|
|
Kimco Realty Corp.
|
201,921
|
5,119
|
|
Realty Income Corp.
|
281,006
|
17,411
|
|
Regency Centers Corp.
|
53,902
|
4,298
|
|
Simon Property Group, Inc.
|
97,260
|
21,752
|
|
|
|
51,412
|
|
Semiconductors & Semiconductor Equipment – 18.9%
|
||
|
Advanced Micro Devices, Inc.*
|
485,211
|
281,864
|
|
Analog Devices, Inc.
|
145,169
|
57,657
|
|
Applied Materials, Inc.
|
236,108
|
170,706
|
|
Broadcom, Inc.
|
1,409,044
|
532,266
|
|
First Solar, Inc.*
|
31,754
|
7,493
|
|
Intel Corp.*
|
1,372,875
|
191,695
|
|
KLA Corp.
|
388,557
|
117,231
|
|
Lam Research Corp.
|
372,060
|
161,225
|
|
Marvell Technology, Inc.
|
260,389
|
77,567
|
|
Microchip Technology, Inc.
|
160,449
|
14,633
|
|
Micron Technology, Inc.
|
335,597
|
387,376
|
|
Monolithic Power Systems, Inc.
|
14,583
|
20,159
|
|
NVIDIA Corp.
|
7,208,536
|
1,442,356
|
|
NXP Semiconductors N.V.
|
74,952
|
21,064
|
|
ON Semiconductor Corp.*
|
116,155
|
10,981
|
|
Qnity Electronics, Inc.
|
61,950
|
10,117
|
|
QUALCOMM, Inc.
|
313,419
|
57,917
|
|
Skyworks Solutions, Inc.†
|
43,975
|
2,981
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Semiconductors & Semiconductor Equipment – 18.9%continued
|
||
|
Teradyne, Inc.
|
46,460
|
$22,479
|
|
Texas Instruments, Inc.
|
270,687
|
80,684
|
|
|
|
3,668,451
|
|
Software – 7.4%
|
||
|
Adobe, Inc.*
|
120,592
|
24,724
|
|
AppLovin Corp., Class A*
|
79,955
|
41,195
|
|
Autodesk, Inc.*
|
62,550
|
12,161
|
|
Cadence Design Systems, Inc.*
|
81,940
|
30,754
|
|
Crowdstrike Holdings, Inc., Class A*
|
75,675
|
57,751
|
|
Datadog, Inc., Class A*
|
98,211
|
25,570
|
|
Fair Isaac Corp.*
|
7,239
|
8,649
|
|
Fortinet, Inc.*
|
183,520
|
28,192
|
|
Gen Digital, Inc.
|
183,700
|
4,572
|
|
Intuit, Inc.
|
82,095
|
21,427
|
|
Microsoft Corp.
|
2,210,790
|
824,669
|
|
Oracle Corp.
|
504,685
|
73,962
|
|
Palantir Technologies, Inc., Class A*
|
682,888
|
79,672
|
|
Palo Alto Networks, Inc.*
|
241,182
|
82,248
|
|
PTC, Inc.*
|
33,878
|
3,849
|
|
Roper Technologies, Inc.
|
31,102
|
10,525
|
|
Salesforce, Inc.
|
243,110
|
38,086
|
|
ServiceNow, Inc.*
|
306,349
|
30,414
|
|
Synopsys, Inc.*
|
56,893
|
25,378
|
|
Trimble, Inc.*
|
68,255
|
3,493
|
|
Tyler Technologies, Inc.*
|
12,353
|
3,613
|
|
Workday, Inc., Class A*
|
60,153
|
7,364
|
|
|
|
1,438,268
|
|
Specialized Real Estate Investment Trusts – 0.7%
|
||
|
American Tower Corp.
|
138,341
|
22,628
|
|
Crown Castle, Inc.
|
129,215
|
9,785
|
|
Digital Realty Trust, Inc.
|
99,291
|
17,831
|
|
Equinix, Inc.
|
29,302
|
30,544
|
|
Extra Space Storage, Inc.
|
65,462
|
9,512
|
|
Iron Mountain, Inc.
|
88,121
|
11,130
|
|
Public Storage†
|
47,654
|
15,169
|
|
SBA Communications Corp.
|
31,263
|
5,517
|
|
VICI Properties, Inc.
|
323,152
|
8,580
|
|
Weyerhaeuser Co.
|
212,374
|
5,084
|
|
|
|
135,780
|
|
Specialty Retail – 1.5%
|
||
|
AutoZone, Inc.*
|
4,985
|
15,932
|
|
Best Buy Co., Inc.
|
59,312
|
4,501
|
|
Carvana Co.*
|
212,359
|
13,977
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Specialty Retail – 1.5%continued
|
||
|
Home Depot (The), Inc.
|
296,286
|
$104,494
|
|
Lowe's Cos., Inc.
|
166,438
|
36,698
|
|
O'Reilly Automotive, Inc.*
|
247,888
|
22,828
|
|
Ross Stores, Inc.
|
96,470
|
20,534
|
|
TJX (The) Cos., Inc.
|
328,784
|
49,811
|
|
Tractor Supply Co.
|
171,623
|
5,425
|
|
Ulta Beauty, Inc.* †
|
13,548
|
6,110
|
|
Williams-Sonoma, Inc.
|
36,913
|
8,604
|
|
|
|
288,914
|
|
Technology Hardware, Storage & Peripherals – 8.1%
|
||
|
Apple, Inc.
|
4,371,244
|
1,264,863
|
|
Dell Technologies, Inc., Class C
|
85,969
|
37,092
|
|
Hewlett Packard Enterprise Co.
|
393,757
|
17,762
|
|
HP, Inc.
|
279,380
|
6,130
|
|
NetApp, Inc.
|
58,369
|
9,033
|
|
Sandisk Corp.*
|
44,047
|
100,151
|
|
Seagate Technology Holdings PLC
|
66,681
|
64,347
|
|
Super Micro Computer, Inc.* †
|
167,496
|
4,913
|
|
Western Digital Corp.
|
102,501
|
65,470
|
|
|
|
1,569,761
|
|
Textiles, Apparel & Luxury Goods – 0.2%
|
||
|
Deckers Outdoor Corp.*
|
41,715
|
4,142
|
|
Lululemon Athletica, Inc.*
|
30,668
|
3,502
|
|
NIKE, Inc., Class B
|
355,660
|
14,600
|
|
Ralph Lauren Corp.
|
11,904
|
4,778
|
|
Tapestry, Inc.
|
61,520
|
9,005
|
|
|
|
36,027
|
|
Tobacco – 0.6%
|
||
|
Altria Group, Inc.
|
496,231
|
35,704
|
|
Philip Morris International, Inc.
|
463,560
|
83,862
|
|
|
|
119,566
|
|
Trading Companies & Distributors – 0.3%
|
||
|
Fastenal Co.
|
340,472
|
16,353
|
|
United Rentals, Inc.
|
18,796
|
21,293
|
|
W.W. Grainger, Inc.
|
13,010
|
17,699
|
|
|
|
55,345
|
|
Water Utilities – 0.0%
|
||
|
American Water Works Co., Inc.
|
57,686
|
7,590
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 98.9%continued
|
||
|
Wireless Telecommunication Services – 0.1%
|
||
|
T-Mobile U.S., Inc.
|
138,763
|
$23,275
|
|
Total Common Stocks
|
|
|
|
(Cost $4,232,079)
|
|
19,184,418
|
|
|
|
|
|
INVESTMENT COMPANIES – 1.1%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
26,327,879
|
26,328
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
181,914,628
|
181,915
|
|
Total Investment Companies
|
|
|
|
(Cost $208,243)
|
|
208,243
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.58%, 10/15/26(5) (6)
|
$14,306
|
$14,150
|
|
Total Short-Term Investments
|
|
|
|
(Cost $14,155)
|
14,150
|
|
|
|
|
|
|
Total Investments – 100.1%
|
|
|
|
(Cost $4,454,477)
|
19,406,811
|
|
|
Liabilities less Other Assets – (0.1%)
|
(16,558
)
|
|
|
NET ASSETS – 100.0%
|
$19,390,253
|
|
|
(1)
|
Investment in affiliate.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
Schedule of Investments
|
|
STOCK INDEX FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
500
|
533
|
$201,161
|
Long
|
9/26
|
$1,461
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$19,184,418
|
$—
|
$—
|
$19,184,418
|
|
Investment Companies
|
208,243
|
—
|
—
|
208,243
|
|
Short-Term Investments
|
—
|
14,150
|
—
|
14,150
|
|
Total Investments
|
$19,392,661
|
$14,150
|
$—
|
$19,406,811
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$1,461
|
$—
|
$—
|
$1,461
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
(000S)
|
NET
REALIZED
GAINS
(LOSSES)
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Nasdaq, Inc.
|
$10,645
|
$731
|
$194
|
$(786
)
|
$31
|
$10,427
|
132,284
|
$39
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
20,864
|
165,939
|
160,475
|
—
|
—
|
26,328
|
26,327,879
|
22
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
252,358
|
107,796
|
178,239
|
—
|
—
|
181,915
|
181,914,628
|
2,221
|
|
Northern Trust Corp.
|
8,116
|
—
|
162
|
1,909
|
75
|
9,938
|
57,170
|
46
|
|
Total
|
$291,983
|
$274,466
|
$339,070
|
$1,123
|
$106
|
$228,608
|
208,431,961
|
$2,328
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
Schedule of Investments
|
|
U.S. QUALITY ESG FUND
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 99.3%
|
||
|
Aerospace & Defense – 0.5%
|
||
|
ATI, Inc.*
|
4,637
|
$914
|
|
Howmet Aerospace, Inc.
|
4,030
|
1,083
|
|
|
|
1,997
|
|
Air Freight & Logistics – 0.7%
|
||
|
C.H. Robinson Worldwide, Inc.
|
5,365
|
1,010
|
|
Expeditors International of Washington,
Inc.
|
9,386
|
1,530
|
|
|
|
2,540
|
|
Automobile Components – 0.1%
|
||
|
BorgWarner, Inc.
|
7,008
|
465
|
|
Automobiles – 1.1%
|
||
|
Tesla, Inc.*
|
9,401
|
3,954
|
|
Banks – 3.7%
|
||
|
Bank of America Corp.
|
17,205
|
980
|
|
Citigroup, Inc.
|
29,414
|
4,117
|
|
Commerce Bancshares, Inc.
|
11,272
|
651
|
|
First Hawaiian, Inc.
|
26,951
|
790
|
|
JPMorgan Chase & Co.
|
22,190
|
7,263
|
|
|
|
13,801
|
|
Biotechnology – 3.6%
|
||
|
AbbVie, Inc.
|
21,812
|
5,489
|
|
Amgen, Inc.
|
8,870
|
3,212
|
|
Gilead Sciences, Inc.
|
24,949
|
3,152
|
|
Halozyme Therapeutics, Inc.*
|
5,348
|
419
|
|
Incyte Corp.*
|
10,193
|
1,155
|
|
|
|
13,427
|
|
Broadline Retail – 3.5%
|
||
|
Amazon.com, Inc.*
|
43,085
|
10,269
|
|
eBay, Inc.
|
15,375
|
1,718
|
|
Etsy, Inc.*
|
12,608
|
950
|
|
|
|
12,937
|
|
Building Products – 0.8%
|
||
|
Masco Corp.
|
8,058
|
655
|
|
Trane Technologies PLC
|
4,774
|
2,345
|
|
|
|
3,000
|
|
Capital Markets – 3.9%
|
||
|
Affiliated Managers Group, Inc.
|
835
|
283
|
|
Bank of New York Mellon (The) Corp.
|
14,802
|
2,140
|
|
FactSet Research Systems, Inc.†
|
3,347
|
770
|
|
Franklin Resources, Inc.
|
54,175
|
1,802
|
|
Goldman Sachs Group (The), Inc.
|
765
|
774
|
|
Invesco Ltd.
|
57,662
|
1,522
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
Capital Markets – 3.9%continued
|
||
|
Janus Henderson Group PLC
|
24,279
|
$1,261
|
|
Morgan Stanley
|
19,235
|
4,021
|
|
State Street Corp.
|
11,057
|
1,875
|
|
|
|
14,448
|
|
Chemicals – 1.2%
|
||
|
DuPont de Nemours, Inc.
|
10,320
|
1,400
|
|
Ecolab, Inc.
|
5,726
|
1,595
|
|
Sherwin-Williams (The) Co.
|
4,232
|
1,457
|
|
|
|
4,452
|
|
Commercial Services & Supplies – 0.4%
|
||
|
Cintas Corp.
|
1,128
|
192
|
|
Veralto Corp.
|
12,675
|
1,124
|
|
|
|
1,316
|
|
Communications Equipment – 0.8%
|
||
|
Cisco Systems, Inc.
|
21,832
|
2,564
|
|
F5, Inc.*
|
845
|
352
|
|
|
|
2,916
|
|
Construction & Engineering – 0.4%
|
||
|
EMCOR Group, Inc.
|
1,905
|
1,581
|
|
Consumer Finance – 0.8%
|
||
|
Ally Financial, Inc.
|
10,931
|
502
|
|
SLM Corp.
|
39,264
|
1,019
|
|
Synchrony Financial
|
20,210
|
1,537
|
|
|
|
3,058
|
|
Consumer Staples Distribution & Retail – 0.9%
|
||
|
Costco Wholesale Corp.
|
2,214
|
2,071
|
|
Dollar Tree, Inc.*
|
1,914
|
231
|
|
Walmart, Inc.
|
8,376
|
949
|
|
|
|
3,251
|
|
Containers & Packaging – 0.5%
|
||
|
Avery Dennison Corp.
|
4,619
|
750
|
|
Crown Holdings, Inc.
|
8,968
|
1,003
|
|
|
|
1,753
|
|
Diversified Telecommunication Services – 0.1%
|
||
|
Comcast Corp., Class A
|
19,422
|
477
|
|
Electric Utilities – 0.7%
|
||
|
Duke Energy Corp.
|
5,696
|
721
|
|
Evergy, Inc.
|
13,873
|
1,199
|
|
Exelon Corp.
|
13,987
|
652
|
|
|
|
2,572
|
|
Schedule of Investments
|
|
U.S. QUALITY ESG FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
Electrical Equipment – 1.7%
|
||
|
Acuity, Inc.
|
2,928
|
$1,103
|
|
GE Vernova, Inc.
|
4,012
|
4,713
|
|
Rockwell Automation, Inc.
|
569
|
282
|
|
|
|
6,098
|
|
Electronic Equipment, Instruments & Components – 0.5%
|
||
|
Avnet, Inc.
|
18,857
|
1,675
|
|
Energy Equipment & Services – 0.6%
|
||
|
SLB Ltd.
|
15,379
|
715
|
|
TechnipFMC PLC
|
20,196
|
1,339
|
|
|
|
2,054
|
|
Entertainment – 1.2%
|
||
|
Electronic Arts, Inc.
|
8,034
|
1,647
|
|
Netflix, Inc.*
|
26,413
|
1,886
|
|
Spotify Technology S.A.*
|
1,663
|
764
|
|
|
|
4,297
|
|
Financial Services – 2.8%
|
||
|
Berkshire Hathaway, Inc., Class B*
|
5,683
|
2,844
|
|
Equitable Holdings, Inc.
|
22,751
|
998
|
|
Fidelity National Information Services,
Inc.
|
19,295
|
750
|
|
Mastercard, Inc., Class A
|
2,475
|
1,271
|
|
MGIC Investment Corp.
|
50,424
|
1,422
|
|
PayPal Holdings, Inc.
|
26,111
|
1,128
|
|
Visa, Inc., Class A
|
5,765
|
1,978
|
|
|
|
10,391
|
|
Food Products – 0.4%
|
||
|
Hershey (The) Co.
|
7,384
|
1,296
|
|
Gas Utilities – 0.3%
|
||
|
UGI Corp.
|
37,177
|
1,284
|
|
Ground Transportation – 0.9%
|
||
|
Landstar System, Inc.
|
4,637
|
959
|
|
Union Pacific Corp.
|
8,457
|
2,300
|
|
|
|
3,259
|
|
Health Care Equipment & Supplies – 0.5%
|
||
|
IDEXX Laboratories, Inc.*
|
2,785
|
1,466
|
|
ResMed, Inc.
|
2,668
|
520
|
|
|
|
1,986
|
|
Health Care Providers & Services – 1.6%
|
||
|
Cardinal Health, Inc.
|
7,603
|
1,806
|
|
Cencora, Inc.
|
883
|
250
|
|
Cigna Group (The)
|
5,520
|
1,522
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
Health Care Providers & Services – 1.6%continued
|
||
|
DaVita, Inc.*
|
1,487
|
$331
|
|
McKesson Corp.
|
2,657
|
2,007
|
|
|
|
5,916
|
|
Health Care Technology – 0.1%
|
||
|
Doximity, Inc., Class A*
|
18,297
|
379
|
|
Hotel & Resort Real Estate Investment Trusts – 0.2%
|
||
|
Host Hotels & Resorts, Inc.
|
32,261
|
765
|
|
Hotels, Restaurants & Leisure – 2.0%
|
||
|
Airbnb, Inc., Class A*
|
3,313
|
474
|
|
Booking Holdings, Inc.
|
14,560
|
2,595
|
|
Chipotle Mexican Grill, Inc.*
|
7,073
|
241
|
|
Domino's Pizza, Inc.
|
690
|
204
|
|
Hilton Worldwide Holdings, Inc.
|
5,363
|
1,772
|
|
Las Vegas Sands Corp.
|
19,060
|
880
|
|
Travel + Leisure Co.
|
17,870
|
1,366
|
|
|
|
7,532
|
|
Household Products – 2.0%
|
||
|
Church & Dwight Co., Inc.
|
15,535
|
1,505
|
|
Clorox (The) Co.
|
5,272
|
503
|
|
Colgate-Palmolive Co.
|
20,439
|
1,874
|
|
Kimberly-Clark Corp.
|
6,646
|
729
|
|
Procter & Gamble (The) Co.
|
19,094
|
2,800
|
|
|
|
7,411
|
|
Independent Power & Renewable Electricity Producers – 0.6%
|
||
|
Brookfield Renewable Corp.†
|
24,736
|
918
|
|
Clearway Energy, Inc., Class C
|
34,392
|
1,176
|
|
|
|
2,094
|
|
Industrial Conglomerates – 0.4%
|
||
|
3M Co.
|
9,256
|
1,499
|
|
Insurance – 2.1%
|
||
|
Aflac, Inc.
|
11,899
|
1,395
|
|
American International Group, Inc.
|
3,860
|
288
|
|
Hartford Insurance Group (The), Inc.
|
10,088
|
1,337
|
|
MetLife, Inc.
|
17,850
|
1,510
|
|
Prudential Financial, Inc.
|
9,619
|
1,038
|
|
Unum Group
|
14,711
|
1,315
|
|
Willis Towers Watson PLC
|
3,860
|
1,009
|
|
|
|
7,892
|
|
Interactive Media & Services – 6.8%
|
||
|
Alphabet, Inc., Class A
|
56,532
|
20,203
|
|
Meta Platforms, Inc., Class A
|
8,533
|
4,806
|
|
|
|
25,009
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
IT Services – 1.2%
|
||
|
Accenture PLC, Class A
|
6,102
|
$759
|
|
Cognizant Technology Solutions Corp.,
Class A
|
6,867
|
266
|
|
International Business Machines Corp.
|
11,917
|
3,351
|
|
|
|
4,376
|
|
Leisure Products – 0.6%
|
||
|
Hasbro, Inc.
|
15,386
|
1,271
|
|
YETI Holdings, Inc.*
|
18,928
|
938
|
|
|
|
2,209
|
|
Life Sciences Tools & Services – 0.7%
|
||
|
Mettler-Toledo International, Inc.*
|
1,029
|
1,314
|
|
Waters Corp.*
|
3,623
|
1,359
|
|
|
|
2,673
|
|
Machinery – 1.9%
|
||
|
Caterpillar, Inc.
|
4,632
|
4,933
|
|
Illinois Tool Works, Inc.
|
6,258
|
1,693
|
|
Otis Worldwide Corp.
|
2,717
|
194
|
|
Parker-Hannifin Corp.
|
321
|
314
|
|
|
|
7,134
|
|
Media – 0.6%
|
||
|
Fox Corp., Class A
|
23,508
|
1,226
|
|
Versant Media Group, Inc.
|
26,422
|
952
|
|
|
|
2,178
|
|
Metals & Mining – 0.6%
|
||
|
Newmont Corp.
|
23,615
|
2,206
|
|
Multi-Utilities – 0.4%
|
||
|
Consolidated Edison, Inc.
|
14,036
|
1,553
|
|
Oil, Gas & Consumable Fuels – 1.2%
|
||
|
Cheniere Energy, Inc.
|
4,546
|
1,087
|
|
Devon Energy Corp.
|
31,894
|
1,318
|
|
Exxon Mobil Corp.
|
9,399
|
1,285
|
|
Valero Energy Corp.
|
3,426
|
892
|
|
|
|
4,582
|
|
Pharmaceuticals – 3.5%
|
||
|
Bristol-Myers Squibb Co.
|
33,289
|
1,918
|
|
Eli Lilly & Co.
|
2,686
|
3,222
|
|
Johnson & Johnson
|
9,006
|
2,287
|
|
Merck & Co., Inc.
|
13,489
|
1,733
|
|
Pfizer, Inc.
|
108,457
|
2,612
|
|
Zoetis, Inc.
|
13,642
|
980
|
|
|
|
12,752
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
Professional Services – 0.9%
|
||
|
Automatic Data Processing, Inc.
|
9,095
|
$2,037
|
|
Broadridge Financial Solutions, Inc.
|
9,228
|
1,264
|
|
|
|
3,301
|
|
Real Estate Management & Development – 0.7%
|
||
|
CBRE Group, Inc., Class A*
|
9,159
|
1,234
|
|
Jones Lang LaSalle, Inc.*
|
4,424
|
1,371
|
|
|
|
2,605
|
|
Residential Real Estate Investment Trusts – 0.3%
|
||
|
AvalonBay Communities, Inc.
|
5,586
|
1,054
|
|
Retail Real Estate Investment Trusts – 0.4%
|
||
|
Brixmor Property Group, Inc.
|
6,570
|
207
|
|
Regency Centers Corp.
|
18,252
|
1,456
|
|
|
|
1,663
|
|
Semiconductors & Semiconductor Equipment – 18.2%
|
||
|
Advanced Micro Devices, Inc.*
|
2,964
|
1,722
|
|
Analog Devices, Inc.
|
9,878
|
3,923
|
|
Applied Materials, Inc.
|
10,678
|
7,720
|
|
Broadcom, Inc.
|
31,502
|
11,900
|
|
Intel Corp.*
|
2,902
|
405
|
|
KLA Corp.
|
7,220
|
2,178
|
|
Lam Research Corp.
|
16,242
|
7,038
|
|
Micron Technology, Inc.
|
2,967
|
3,425
|
|
NVIDIA Corp.
|
138,135
|
27,640
|
|
QUALCOMM, Inc.
|
6,324
|
1,169
|
|
|
|
67,120
|
|
Software – 7.6%
|
||
|
Adobe, Inc.*
|
5,324
|
1,091
|
|
AppLovin Corp., Class A*
|
2,655
|
1,368
|
|
Autodesk, Inc.*
|
7,104
|
1,381
|
|
Cadence Design Systems, Inc.*
|
3,687
|
1,384
|
|
Dropbox, Inc., Class A*
|
37,905
|
1,041
|
|
Fortinet, Inc.*
|
20,516
|
3,152
|
|
Intuit, Inc.
|
3,803
|
993
|
|
Microsoft Corp.
|
40,329
|
15,043
|
|
Palantir Technologies, Inc., Class A*
|
1,612
|
188
|
|
Pegasystems, Inc.
|
4,069
|
122
|
|
PTC, Inc.*
|
10,719
|
1,218
|
|
Salesforce, Inc.
|
4,704
|
737
|
|
Teradata Corp.*
|
8,218
|
285
|
|
|
|
28,003
|
|
Specialty Retail – 1.6%
|
||
|
Home Depot (The), Inc.
|
8,787
|
3,099
|
|
Schedule of Investments
|
|
U.S. QUALITY ESG FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS - 99.3%continued
|
||
|
Specialty Retail – 1.6%continued
|
||
|
Lowe's Cos., Inc.
|
3,205
|
$707
|
|
Ulta Beauty, Inc.*
|
901
|
406
|
|
Williams-Sonoma, Inc.
|
6,966
|
1,624
|
|
|
|
5,836
|
|
Technology Hardware, Storage & Peripherals – 8.1%
|
||
|
Apple, Inc.
|
87,209
|
25,235
|
|
HP, Inc.
|
9,822
|
215
|
|
NetApp, Inc.
|
9,627
|
1,490
|
|
Western Digital Corp.
|
4,390
|
2,804
|
|
|
|
29,744
|
|
Textiles, Apparel & Luxury Goods – 1.1%
|
||
|
Crocs, Inc.*
|
9,942
|
1,200
|
|
Deckers Outdoor Corp.*
|
13,297
|
1,320
|
|
Tapestry, Inc.
|
10,125
|
1,482
|
|
|
|
4,002
|
|
Trading Companies & Distributors – 0.9%
|
||
|
Fastenal Co.
|
32,210
|
1,547
|
|
W.W. Grainger, Inc.
|
1,399
|
1,903
|
|
|
|
3,450
|
|
Wireless Telecommunication Services – 0.4%
|
||
|
Millicom International Cellular S.A.
|
16,824
|
1,527
|
|
Total Common Stocks
|
|
|
|
(Cost $206,633)
|
|
366,750
|
|
|
|
|
|
RIGHTS – 0.0%
|
||
|
Capital Markets – 0.0%
|
||
|
TPG, Inc. (Contingent Value Rights)(1) *
|
14,889
|
—
|
|
Total Rights
|
|
|
|
(Cost $—)
|
|
—
|
|
|
|
|
|
INVESTMENT COMPANIES – 1.1%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(2) (3) (4)
|
1,687,946
|
1,688
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(2) (3)
|
2,280,812
|
2,281
|
|
Total Investment Companies
|
|
|
|
(Cost $3,969)
|
|
3,969
|
|
|
PRINCIPAL
AMOUNT
(000S)
|
VALUE
(000S)
|
|
SHORT-TERM INVESTMENTS – 0.0%
|
||
|
U.S. Treasury Bill,
|
|
|
|
3.64%, 10/15/26(5) (6)
|
$156
|
$154
|
|
Total Short-Term Investments
|
|
|
|
(Cost $154)
|
154
|
|
|
|
|
|
|
Total Investments – 100.4%
|
|
|
|
(Cost $210,756)
|
370,873
|
|
|
Liabilities less Other Assets – (0.4%)
|
(1,616
)
|
|
|
NET ASSETS – 100.0%
|
$369,257
|
|
|
(1)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(2)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(3)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(4)
|
Investment of cash collateral received from securities lending activities.
|
|
(5)
|
Discount rate at the time of purchase.
|
|
(6)
|
Security pledged as collateral to cover margin requirements for open futures
contracts.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
S&P - Standard & Poor's
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
500
|
6
|
$2,264
|
Long
|
9/26
|
$14
|
|
|
June 30, 2026 (UNAUDITED)
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks(1)
|
$366,750
|
$—
|
$—
|
$366,750
|
|
Investment Companies
|
3,969
|
—
|
—
|
3,969
|
|
Short-Term Investments
|
—
|
154
|
—
|
154
|
|
Total Investments
|
$370,719
|
$154
|
$—
|
$370,873
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Futures Contracts
|
$14
|
$—
|
$—
|
$14
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
$1,801
|
$4,366
|
$4,479
|
$1,688
|
1,687,946
|
$—
(1),*
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
6,766
|
23,149
|
27,634
|
2,281
|
2,280,812
|
36
|
|
Total
|
$8,567
|
$27,515
|
$32,113
|
$3,969
|
3,968,758
|
$36
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|
|
*
|
Amount rounds to less than one thousand.
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)
|
||
|
Australia – 1.3%
|
||
|
APA Group
|
62,258
|
$437
|
|
Aristocrat Leisure Ltd.
|
25,304
|
1,078
|
|
ASX Ltd.
|
9,430
|
348
|
|
Brambles Ltd.
|
62,237
|
840
|
|
CAR Group Ltd.
|
16,832
|
301
|
|
Cochlear Ltd.
|
3,335
|
282
|
|
Coles Group Ltd.
|
61,787
|
1,043
|
|
Commonwealth Bank of Australia
|
77,982
|
8,913
|
|
Computershare Ltd.
|
24,226
|
643
|
|
CSL Ltd.
|
22,549
|
1,796
|
|
Evolution Mining Ltd.
|
93,800
|
766
|
|
Fortescue Ltd.
|
76,176
|
1,015
|
|
Lynas Rare Earths Ltd.*
|
41,663
|
522
|
|
Macquarie Group Ltd.
|
16,869
|
2,936
|
|
Northern Star Resources Ltd.
|
64,328
|
847
|
|
PLS Group Ltd.*
|
144,849
|
507
|
|
QBE Insurance Group Ltd.
|
68,625
|
1,198
|
|
REA Group Ltd.
|
2,606
|
252
|
|
Sigma Healthcare Ltd.
|
241,655
|
461
|
|
Sonic Healthcare Ltd.
|
21,714
|
312
|
|
South32 Ltd.
|
202,600
|
545
|
|
Stockland
|
119,319
|
338
|
|
Suncorp Group Ltd.
|
48,481
|
647
|
|
Transurban Group
|
143,895
|
1,436
|
|
Vicinity Ltd.
|
171,653
|
306
|
|
WiseTech Global Ltd.
|
9,245
|
214
|
|
Woodside Energy Group Ltd.
|
89,254
|
1,728
|
|
|
|
29,711
|
|
Austria – 0.1%
|
||
|
BAWAG Group A.G.
|
3,262
|
654
|
|
OMV A.G.
|
6,883
|
432
|
|
Verbund A.G.
|
3,266
|
207
|
|
|
|
1,293
|
|
Belgium – 0.2%
|
||
|
Ageas S.A./N.V.
|
6,749
|
540
|
|
D'ieteren Group
|
1,051
|
205
|
|
Elia Group S.A./N.V.
|
2,032
|
323
|
|
KBC Group N.V.
|
10,644
|
1,452
|
|
Lotus Bakeries N.V.
|
20
|
266
|
|
Syensqo S.A.
|
3,470
|
256
|
|
UCB S.A.
|
5,636
|
1,687
|
|
|
|
4,729
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Brazil – 0.3%
|
||
|
MercadoLibre, Inc.*
|
2,123
|
$3,604
|
|
Wheaton Precious Metals Corp.
|
21,143
|
2,378
|
|
|
|
5,982
|
|
Canada – 3.2%
|
||
|
Agnico Eagle Mines Ltd.
|
23,768
|
3,693
|
|
AtkinsRealis Group, Inc.
|
7,605
|
472
|
|
Bank of Montreal
|
31,995
|
5,655
|
|
Bank of Nova Scotia (The)
|
57,058
|
4,959
|
|
BCE, Inc.
|
14,372
|
310
|
|
Brookfield Renewable Corp.
|
6,462
|
240
|
|
CAE, Inc.*
|
14,187
|
355
|
|
Cameco Corp.
|
20,371
|
2,076
|
|
Canadian Imperial Bank of Commerce
|
42,938
|
4,945
|
|
Canadian National Railway Co.
|
24,129
|
2,880
|
|
Canadian Tire Corp. Ltd., Class A
|
2,312
|
318
|
|
Celestica, Inc.*
|
5,307
|
1,936
|
|
CGI, Inc.
|
8,379
|
542
|
|
Descartes Systems Group (The), Inc.*
|
4,275
|
296
|
|
Dollarama, Inc.
|
12,505
|
1,654
|
|
Element Fleet Management Corp.
|
18,338
|
378
|
|
Enbridge, Inc.
|
100,983
|
5,476
|
|
FirstService Corp.
|
1,927
|
274
|
|
Fortis, Inc.
|
23,352
|
1,338
|
|
George Weston Ltd.
|
7,282
|
523
|
|
Gildan Activewear, Inc.
|
8,514
|
439
|
|
Hydro One Ltd.
|
15,248
|
629
|
|
Imperial Oil Ltd.
|
6,872
|
772
|
|
Intact Financial Corp.
|
8,403
|
1,734
|
|
Keyera Corp.
|
12,553
|
504
|
|
Kinross Gold Corp.
|
55,040
|
1,303
|
|
Loblaw Cos. Ltd.
|
26,098
|
1,184
|
|
Metro, Inc.
|
8,781
|
561
|
|
National Bank of Canada
|
17,995
|
2,841
|
|
Nutrien Ltd.
|
22,306
|
1,405
|
|
Pembina Pipeline Corp.
|
27,257
|
1,261
|
|
RB Global, Inc.
|
8,781
|
1,022
|
|
Shopify, Inc., Class A*
|
57,160
|
6,540
|
|
Sun Life Financial, Inc.
|
25,992
|
2,041
|
|
TELUS Corp.
|
18,800
|
199
|
|
TELUS Corp. (TSX)
|
6,214
|
66
|
|
Thomson Reuters Corp.
|
5,804
|
474
|
|
TMX Group Ltd.
|
12,481
|
409
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Canada – 3.2%continued
|
||
|
Toronto-Dominion Bank (The)
|
76,829
|
$9,341
|
|
WSP Global, Inc.
|
6,304
|
782
|
|
|
|
71,827
|
|
Chile – 0.1%
|
||
|
Antofagasta PLC
|
16,382
|
832
|
|
Lundin Mining Corp.
|
32,880
|
801
|
|
|
|
1,633
|
|
China – 0.2%
|
||
|
BOC Hong Kong Holdings Ltd.
|
175,500
|
952
|
|
Prosus N.V.*
|
61,030
|
2,653
|
|
|
|
3,605
|
|
Denmark – 0.6%
|
||
|
Coloplast A/S, Class B
|
5,780
|
330
|
|
Demant A/S*
|
4,111
|
168
|
|
DSV A/S
|
8,992
|
2,134
|
|
Genmab A/S*
|
2,824
|
774
|
|
Novo Nordisk A/S, Class B
|
150,103
|
7,201
|
|
Novonesis (Novozymes) B
|
16,664
|
1,053
|
|
Orsted A.S.(2) *
|
20,854
|
469
|
|
Pandora A/S
|
3,380
|
390
|
|
ROCKWOOL A/S, Class B
|
3,622
|
116
|
|
Vestas Wind Systems A/S
|
44,873
|
1,268
|
|
|
|
13,903
|
|
Finland – 0.4%
|
||
|
Elisa OYJ
|
6,431
|
270
|
|
Kesko OYJ, Class B
|
12,014
|
269
|
|
Kone OYJ, Class B
|
14,847
|
845
|
|
Metso OYJ
|
29,993
|
521
|
|
Neste OYJ
|
19,425
|
632
|
|
Nokia OYJ
|
234,056
|
3,098
|
|
Orion OYJ, Class B
|
5,164
|
425
|
|
Sampo OYJ, Class A
|
113,133
|
1,189
|
|
Stora Enso OYJ (Registered)
|
27,451
|
293
|
|
UPM-Kymmene OYJ
|
24,990
|
663
|
|
|
|
8,205
|
|
France – 2.4%
|
||
|
Aeroports de Paris S.A.†
|
1,504
|
196
|
|
Air Liquide S.A.
|
29,740
|
5,890
|
|
AXA S.A.
|
73,008
|
3,659
|
|
Ayvens S.A.
|
15,490
|
204
|
|
BNP Paribas S.A.
|
46,043
|
5,381
|
|
Bouygues S.A.
|
10,751
|
600
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
France – 2.4%continued
|
||
|
Bureau Veritas S.A.
|
14,022
|
$429
|
|
Carrefour S.A.
|
27,239
|
506
|
|
Cie Generale des Etablissements
Michelin S.C.A.
|
28,295
|
1,093
|
|
Credit Agricole S.A.
|
43,078
|
866
|
|
Danone S.A.
|
29,423
|
2,413
|
|
Dassault Systemes S.E.
|
31,952
|
651
|
|
Eiffage S.A.
|
3,190
|
471
|
|
EssilorLuxottica S.A.
|
14,049
|
2,636
|
|
Getlink S.E.
|
12,442
|
265
|
|
Hermes International S.C.A.
|
1,207
|
2,209
|
|
Ipsen S.A.
|
1,600
|
309
|
|
Kering S.A.
|
3,358
|
955
|
|
Legrand S.A.
|
12,000
|
2,025
|
|
L'Oreal S.A.
|
11,166
|
4,899
|
|
LVMH Moet Hennessy Louis Vuitton S.E.
|
11,624
|
6,437
|
|
Publicis Groupe S.A.
|
10,370
|
1,025
|
|
Rexel S.A.
|
10,228
|
447
|
|
Societe Generale S.A.
|
29,831
|
2,641
|
|
TotalEnergies S.E.
|
91,985
|
7,145
|
|
|
|
53,352
|
|
Germany – 1.0%
|
||
|
adidas A.G.
|
7,565
|
1,551
|
|
Allianz S.E. (Registered)
|
17,769
|
8,409
|
|
Beiersdorf A.G.
|
4,420
|
380
|
|
Deutsche Boerse A.G.
|
8,476
|
2,313
|
|
Deutsche Lufthansa A.G. (Registered)
|
27,068
|
310
|
|
Evonik Industries A.G.
|
11,646
|
211
|
|
GEA Group A.G.
|
6,794
|
466
|
|
Heidelberg Materials A.G.
|
6,153
|
1,174
|
|
Henkel A.G. & Co. KGaA
|
4,674
|
370
|
|
HOCHTIEF A.G.
|
721
|
418
|
|
Knorr-Bremse A.G.
|
3,107
|
361
|
|
Merck KGaA
|
5,934
|
996
|
|
MTU Aero Engines A.G.
|
2,479
|
1,031
|
|
Muenchener
Rueckversicherungs-Gesellschaft
A.G. in Muenchen (Registered)
|
6,007
|
3,353
|
|
Scout24 S.E.
|
3,142
|
260
|
|
Symrise A.G.
|
6,387
|
641
|
|
Vonovia S.E.
|
32,550
|
803
|
|
Zalando S.E.*
|
9,628
|
279
|
|
|
|
23,326
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Hong Kong – 0.4%
|
||
|
AIA Group Ltd.
|
489,600
|
$4,491
|
|
CK Infrastructure Holdings Ltd.
|
29,500
|
225
|
|
Hong Kong & China Gas Co. Ltd.
|
513,463
|
427
|
|
Hong Kong Exchanges & Clearing Ltd.
|
55,800
|
2,593
|
|
MTR Corp. Ltd.
|
74,126
|
289
|
|
Sino Land Co. Ltd.
|
172,380
|
227
|
|
Sun Hung Kai Properties Ltd.
|
59,500
|
857
|
|
Swire Pacific Ltd., Class A
|
17,500
|
183
|
|
WH Group Ltd.(2)
|
372,500
|
395
|
|
|
|
9,687
|
|
Ireland – 0.2%
|
||
|
AerCap Holdings N.V.
|
7,609
|
1,109
|
|
AIB Group PLC (Irish Stock Exchange)
|
99,585
|
1,170
|
|
Bank of Ireland Group PLC
|
44,895
|
895
|
|
Kerry Group PLC, Class A
|
7,330
|
673
|
|
Kingspan Group PLC
|
7,342
|
672
|
|
|
|
4,519
|
|
Israel – 0.1%
|
||
|
Bank Hapoalim B.M.
|
60,267
|
1,390
|
|
Italy – 0.5%
|
||
|
Coca-Cola HBC A.G. - CDI*
|
9,650
|
630
|
|
Generali†
|
38,137
|
1,857
|
|
Intesa Sanpaolo S.p.A.
|
651,739
|
4,465
|
|
Moncler S.p.A.
|
9,812
|
569
|
|
Prysmian S.p.A.
|
13,186
|
2,215
|
|
Terna - Rete Elettrica Nazionale
|
65,158
|
762
|
|
|
|
10,498
|
|
Ivory Coast – 0.0%
|
||
|
Endeavour Mining PLC
|
9,841
|
487
|
|
Japan – 5.9%
|
||
|
Aeon Co. Ltd.
|
102,600
|
847
|
|
Ajinomoto Co., Inc.
|
40,200
|
1,462
|
|
ANA Holdings, Inc.
|
6,800
|
125
|
|
Asahi Kasei Corp.
|
56,400
|
622
|
|
Asics Corp.
|
32,200
|
876
|
|
Astellas Pharma, Inc.
|
78,500
|
1,055
|
|
Bandai Namco Holdings, Inc.
|
24,100
|
563
|
|
Bridgestone Corp.
|
48,400
|
1,019
|
|
Dai Nippon Printing Co. Ltd.
|
16,300
|
299
|
|
Daifuku Co. Ltd.
|
14,800
|
658
|
|
Daiichi Life Group, Inc.
|
160,700
|
1,761
|
|
Daiichi Sankyo Co. Ltd.
|
80,200
|
1,287
|
|
Daikin Industries Ltd.
|
12,400
|
1,884
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Japan – 5.9%continued
|
||
|
Daito Trust Construction Co. Ltd.
|
13,200
|
$252
|
|
Daiwa House Industry Co. Ltd.
|
25,200
|
682
|
|
Daiwa Securities Group, Inc.
|
57,500
|
565
|
|
Disco Corp.
|
4,000
|
2,033
|
|
East Japan Railway Co.
|
44,200
|
926
|
|
Ebara Corp.
|
21,200
|
831
|
|
Eisai Co. Ltd.
|
12,805
|
324
|
|
ENEOS Holdings, Inc.
|
121,500
|
894
|
|
FANUC Corp.
|
43,100
|
1,971
|
|
Fast Retailing Co. Ltd.
|
8,900
|
4,552
|
|
Fuji Electric Co. Ltd.
|
6,400
|
542
|
|
FUJIFILM Holdings Corp.
|
52,700
|
1,134
|
|
Fujitsu Ltd.
|
79,500
|
1,587
|
|
Hankyu Hanshin Holdings, Inc.
|
10,600
|
279
|
|
Hitachi Ltd.
|
205,300
|
5,705
|
|
Hoya Corp.
|
15,600
|
2,516
|
|
Hulic Co. Ltd.
|
21,200
|
221
|
|
Ibiden Co. Ltd.
|
10,900
|
1,637
|
|
Isuzu Motors Ltd.
|
24,700
|
327
|
|
ITOCHU Corp.
|
258,400
|
2,971
|
|
Japan Exchange Group, Inc.
|
43,500
|
548
|
|
JFE Holdings, Inc.
|
26,100
|
251
|
|
JX Advanced Metals Corp.
|
26,100
|
722
|
|
Kao Corp.
|
41,200
|
817
|
|
KDDI Corp.
|
137,500
|
2,319
|
|
Kikkoman Corp.
|
31,300
|
321
|
|
Komatsu Ltd.
|
40,300
|
1,577
|
|
Kubota Corp.
|
44,500
|
745
|
|
LY Corp.
|
120,700
|
323
|
|
Marubeni Corp.
|
66,100
|
1,925
|
|
Mitsubishi Chemical Group Corp.
|
56,800
|
395
|
|
Mitsubishi Estate Co. Ltd.
|
48,300
|
1,229
|
|
Mitsui Fudosan Co. Ltd.
|
117,800
|
1,085
|
|
Mitsui Kinzoku Co. Ltd.
|
2,500
|
669
|
|
Mitsui OSK Lines Ltd.
|
15,800
|
506
|
|
Mizuho Financial Group, Inc.
|
109,900
|
5,277
|
|
Murata Manufacturing Co. Ltd.
|
75,500
|
5,441
|
|
NEC Corp.
|
57,800
|
1,403
|
|
Nippon Paint Holdings Co. Ltd.
|
48,200
|
314
|
|
Nippon Steel Corp.
|
223,300
|
740
|
|
Nippon Yusen K.K.
|
18,000
|
579
|
|
Nitori Holdings Co. Ltd.
|
18,400
|
274
|
|
Nitto Denko Corp.
|
31,300
|
617
|
|
Nomura Research Institute Ltd.
|
18,176
|
515
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Japan – 5.9%continued
|
||
|
Obayashi Corp.
|
29,900
|
$605
|
|
Oriental Land Co. Ltd.
|
51,500
|
788
|
|
Osaka Gas Co. Ltd.
|
16,000
|
538
|
|
Pan Pacific International Holdings Corp.
|
89,800
|
458
|
|
Panasonic Holdings Corp.
|
107,900
|
3,030
|
|
Rakuten Group, Inc.*
|
66,100
|
308
|
|
Recruit Holdings Co. Ltd.
|
61,600
|
4,288
|
|
Renesas Electronics Corp.
|
81,000
|
2,447
|
|
Ryohin Keikaku Co. Ltd.
|
23,300
|
509
|
|
Sanrio Co. Ltd.
|
47,000
|
318
|
|
Secom Co. Ltd.
|
18,000
|
715
|
|
Seibu Holdings, Inc.
|
9,600
|
188
|
|
Sekisui House Ltd.
|
28,600
|
595
|
|
Shimizu Corp.
|
22,700
|
360
|
|
Shin-Etsu Chemical Co. Ltd.
|
76,200
|
3,323
|
|
Shiseido Co. Ltd.
|
17,900
|
289
|
|
SoftBank Corp.
|
1,327,900
|
1,700
|
|
SoftBank Group Corp.
|
173,000
|
6,491
|
|
Sompo Holdings, Inc.
|
38,300
|
1,461
|
|
Sony Group Corp.
|
271,200
|
5,438
|
|
Subaru Corp.
|
25,400
|
374
|
|
Sumitomo Metal Mining Co. Ltd.
|
11,000
|
514
|
|
Sumitomo Mitsui Financial Group, Inc.
|
169,300
|
6,619
|
|
Suntory Beverage & Food Ltd.
|
5,800
|
160
|
|
TDK Corp.
|
88,500
|
1,977
|
|
Tokio Marine Holdings, Inc.
|
83,200
|
3,684
|
|
Tokyo Electron Ltd.
|
20,900
|
10,107
|
|
Tokyo Gas Co. Ltd.
|
13,600
|
511
|
|
Toray Industries, Inc.
|
57,500
|
399
|
|
Unicharm Corp.
|
49,900
|
290
|
|
West Japan Railway Co.
|
18,200
|
305
|
|
Yamaha Motor Co. Ltd.
|
40,400
|
306
|
|
Yokogawa Electric Corp.
|
10,100
|
355
|
|
Yokohama Financial Group, Inc.
|
46,100
|
493
|
|
|
|
130,942
|
|
Luxembourg – 0.0%
|
||
|
Eurofins Scientific S.E.
|
5,178
|
406
|
|
Netherlands – 2.2%
|
||
|
Akzo Nobel N.V.
|
6,759
|
458
|
|
ASML Holding N.V.
|
18,090
|
35,877
|
|
ING Groep N.V.
|
136,332
|
4,313
|
|
Koninklijke Ahold Delhaize N.V.
|
40,721
|
1,639
|
|
Koninklijke KPN N.V.
|
177,901
|
883
|
|
Magnum Ice Cream (The) Co. N.V.*
|
23,397
|
407
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Netherlands – 2.2%continued
|
||
|
NN Group N.V.
|
12,194
|
$1,069
|
|
NXP Semiconductors N.V.
|
11,686
|
3,284
|
|
Universal Music Group N.V.
|
47,793
|
1,001
|
|
Wolters Kluwer N.V.
|
10,550
|
682
|
|
|
|
49,613
|
|
New Zealand – 0.1%
|
||
|
Auckland International Airport Ltd.
|
74,100
|
352
|
|
Contact Energy Ltd.
|
42,872
|
227
|
|
Meridian Energy Ltd.
|
60,296
|
199
|
|
Xero Ltd.*
|
7,957
|
400
|
|
|
|
1,178
|
|
Nigeria – 0.0%
|
||
|
Airtel Africa PLC
|
34,897
|
152
|
|
Norway – 0.2%
|
||
|
Aker BP ASA
|
14,556
|
443
|
|
DNB Bank ASA
|
39,642
|
1,179
|
|
Equinor ASA
|
33,070
|
1,039
|
|
Gjensidige Forsikring ASA
|
9,500
|
257
|
|
Mowi ASA
|
20,184
|
373
|
|
Norsk Hydro ASA
|
58,847
|
530
|
|
Orkla ASA
|
31,952
|
337
|
|
Salmar ASA
|
3,073
|
144
|
|
Telenor ASA
|
27,251
|
392
|
|
|
|
4,694
|
|
Poland – 0.0%
|
||
|
InPost S.A.*
|
11,374
|
200
|
|
Portugal – 0.1%
|
||
|
Banco Espirito Santo S.A.
(Registered)(3) *
|
29,034
|
—
|
|
EDP S.A.
|
138,310
|
724
|
|
Galp Energia SGPS S.A.
|
18,769
|
400
|
|
Jeronimo Martins SGPS S.A.
|
12,141
|
232
|
|
|
|
1,356
|
|
Singapore – 0.1%
|
||
|
CapitaLand Ascendas REIT*
|
188,021
|
363
|
|
CapitaLand Investment Ltd.†
|
105,058
|
203
|
|
Grab Holdings Ltd., Class A*
|
109,397
|
412
|
|
Keppel Ltd.
|
65,500
|
558
|
|
Sembcorp Industries Ltd.
|
44,000
|
217
|
|
Singapore Exchange Ltd.
|
38,400
|
718
|
|
|
|
2,471
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
South Africa – 0.1%
|
||
|
Anglo American PLC
|
49,481
|
$2,424
|
|
Spain – 0.8%
|
||
|
Acciona S.A.†
|
1,118
|
355
|
|
ACS Actividades de Construccion y
Servicios S.A.
|
8,169
|
1,206
|
|
Aena SME S.A.(2)
|
35,429
|
1,080
|
|
Amadeus IT Group S.A.
|
19,976
|
1,147
|
|
Banco de Sabadell S.A.
|
224,259
|
797
|
|
CaixaBank S.A.
|
164,301
|
2,332
|
|
Cellnex Telecom S.A.*
|
22,241
|
666
|
|
Endesa S.A.
|
14,396
|
656
|
|
Iberdrola S.A.
|
284,030
|
7,089
|
|
Naturgy Energy Group S.A.
|
19,065
|
598
|
|
Redeia Corp. S.A.
|
19,908
|
339
|
|
Repsol S.A.
|
51,186
|
1,274
|
|
|
|
17,539
|
|
Sweden – 0.8%
|
||
|
AddTech AB, Class B
|
11,420
|
402
|
|
Alfa Laval AB
|
13,264
|
790
|
|
Assa Abloy AB, Class B
|
44,731
|
1,580
|
|
Atlas Copco AB, Class A
|
117,660
|
2,388
|
|
Atlas Copco AB, Class B
|
67,329
|
1,193
|
|
Beijer Ref AB
|
20,436
|
299
|
|
Boliden AB
|
13,550
|
765
|
|
Epiroc AB, Class A
|
28,384
|
779
|
|
Epiroc AB, Class B
|
18,469
|
429
|
|
EQT AB
|
19,358
|
548
|
|
Essity AB, Class B
|
27,092
|
767
|
|
Evolution AB*
|
5,398
|
372
|
|
H&M Hennes & Mauritz AB, Class B†
|
20,797
|
358
|
|
Indutrade AB
|
13,648
|
282
|
|
Nibe Industrier AB, Class B
|
65,208
|
242
|
|
Sandvik AB
|
48,423
|
1,999
|
|
Securitas AB, Class B
|
23,115
|
380
|
|
Skanska AB, Class B
|
14,490
|
388
|
|
SKF AB, Class B
|
16,504
|
424
|
|
Svenska Cellulosa AB S.C.A., Class B
|
29,467
|
301
|
|
Swedish Orphan Biovitrum AB*
|
8,373
|
399
|
|
Tele2 AB, Class B
|
24,663
|
429
|
|
Telia Co. AB
|
111,983
|
545
|
|
Volvo AB, Class B
|
72,034
|
2,449
|
|
|
|
18,508
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
Switzerland – 1.4%
|
||
|
ABB Ltd. (Registered)
|
73,166
|
$7,939
|
|
Barry Callebaut A.G. (Registered)
|
162
|
225
|
|
Belimo Holding A.G. (Registered)
|
461
|
520
|
|
Chocoladefabriken Lindt & Spruengli
A.G. (Participation Certificate)
|
45
|
523
|
|
Chocoladefabriken Lindt & Spruengli
A.G. (Registered)
|
5
|
594
|
|
DSM-Firmenich A.G.
|
7,796
|
740
|
|
Galderma Group A.G.*
|
8,484
|
1,929
|
|
Geberit A.G. (Registered)
|
1,458
|
973
|
|
Givaudan S.A. (Registered)
|
429
|
1,818
|
|
Helvetia Baloise Holding A.G.
|
3,643
|
941
|
|
Kuehne + Nagel International A.G.
(Registered)
|
2,237
|
543
|
|
Lonza Group A.G. (Registered)
|
3,250
|
2,193
|
|
SGS S.A. (Registered)
|
7,848
|
909
|
|
Sika A.G. (Registered)
|
7,174
|
1,478
|
|
Sonova Holding A.G. (Registered)
|
2,193
|
521
|
|
Straumann Holding A.G. (Registered)
|
5,355
|
704
|
|
Swiss Life Holding A.G. (Registered)
|
1,289
|
1,418
|
|
Swiss Prime Site A.G. (Registered)
|
3,709
|
605
|
|
Swisscom A.G. (Registered)
|
1,214
|
937
|
|
VAT Group A.G.
|
1,271
|
1,112
|
|
Zurich Insurance Group A.G.
|
6,974
|
5,151
|
|
|
|
31,773
|
|
United Kingdom – 3.1%
|
||
|
3i Group PLC
|
45,040
|
1,486
|
|
Admiral Group PLC
|
12,166
|
575
|
|
Associated British Foods PLC
|
12,211
|
322
|
|
AstraZeneca PLC
|
70,511
|
13,191
|
|
Aviva PLC
|
143,344
|
1,237
|
|
BT Group PLC
|
271,628
|
685
|
|
Bunzl PLC
|
15,486
|
540
|
|
Coca-Cola Europacific Partners PLC
|
9,476
|
948
|
|
Compass Group PLC
|
78,938
|
2,550
|
|
HSBC Holdings PLC
|
801,087
|
15,217
|
|
Informa PLC
|
60,798
|
730
|
|
Intertek Group PLC
|
7,391
|
569
|
|
J Sainsbury PLC
|
81,663
|
347
|
|
Kingfisher PLC
|
82,304
|
310
|
|
Land Securities Group PLC
|
34,434
|
298
|
|
Legal & General Group PLC
|
248,082
|
942
|
|
Lloyds Banking Group PLC
|
2,711,833
|
4,001
|
|
London Stock Exchange Group PLC
|
20,613
|
2,232
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United Kingdom – 3.1%continued
|
||
|
Melrose Industries PLC
|
60,635
|
$382
|
|
National Grid PLC
|
232,827
|
3,855
|
|
Pearson PLC
|
20,453
|
325
|
|
Reckitt Benckiser Group PLC
|
30,082
|
1,961
|
|
RELX PLC
|
83,273
|
2,623
|
|
Rentokil Initial PLC
|
114,562
|
649
|
|
Schroders PLC
|
36,611
|
285
|
|
Segro PLC
|
58,642
|
681
|
|
Smiths Group PLC
|
14,034
|
477
|
|
Spirax Group PLC
|
3,458
|
314
|
|
SSE PLC
|
56,856
|
1,838
|
|
Standard Life PLC
|
31,572
|
349
|
|
TechnipFMC PLC
|
18,240
|
1,209
|
|
Tesco PLC
|
298,315
|
1,822
|
|
Unilever PLC
|
101,833
|
6,112
|
|
Verisure PLC*
|
11,680
|
130
|
|
Vodafone Group PLC
|
868,649
|
1,148
|
|
|
|
70,340
|
|
United States – 71.9%
|
||
|
3M Co.
|
24,593
|
3,982
|
|
Accenture PLC, Class A
|
28,615
|
3,561
|
|
Adobe, Inc.*
|
18,839
|
3,862
|
|
Advanced Micro Devices, Inc.*
|
75,977
|
44,136
|
|
Aegon Ltd.
|
56,364
|
479
|
|
Aflac, Inc.
|
21,637
|
2,537
|
|
Agilent Technologies, Inc.
|
12,889
|
1,712
|
|
Alcon A.G.
|
23,438
|
1,585
|
|
Allegion PLC
|
4,107
|
577
|
|
Allstate (The) Corp.
|
12,026
|
2,861
|
|
Alnylam Pharmaceuticals, Inc.*
|
6,115
|
1,841
|
|
Alphabet, Inc., Class A
|
271,321
|
96,962
|
|
Alphabet, Inc., Class C
|
215,393
|
76,105
|
|
American Express Co.
|
24,806
|
8,391
|
|
American Tower Corp.
|
21,683
|
3,547
|
|
American Water Works Co., Inc.
|
9,077
|
1,194
|
|
Ameriprise Financial, Inc.
|
4,243
|
1,946
|
|
Amgen, Inc.
|
25,168
|
9,114
|
|
Analog Devices, Inc.
|
22,767
|
9,042
|
|
Annaly Capital Management, Inc.
|
33,585
|
751
|
|
AP Moller - Maersk A/S, Class A†
|
114
|
263
|
|
AP Moller - Maersk A/S, Class B
|
163
|
387
|
|
Apollo Global Management, Inc.
|
19,429
|
2,299
|
|
Applied Materials, Inc.
|
36,986
|
26,741
|
|
Aptiv PLC*
|
9,836
|
604
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Arch Capital Group Ltd.*
|
16,294
|
$1,581
|
|
Ares Management Corp., Class A†
|
9,792
|
1,090
|
|
AT&T, Inc.
|
325,738
|
6,743
|
|
Atlassian Corp., Class A*
|
8,004
|
623
|
|
Atmos Energy Corp.
|
7,699
|
1,326
|
|
Autodesk, Inc.*
|
9,880
|
1,921
|
|
Automatic Data Processing, Inc.
|
18,782
|
4,206
|
|
AutoZone, Inc.*
|
769
|
2,458
|
|
Avery Dennison Corp.
|
3,424
|
556
|
|
Axon Enterprise, Inc.*
|
3,551
|
1,991
|
|
Baker Hughes Co.
|
46,379
|
2,574
|
|
Ball Corp.
|
11,892
|
742
|
|
Bank of New York Mellon (The) Corp.
|
32,149
|
4,649
|
|
Best Buy Co., Inc.
|
9,473
|
719
|
|
Biogen, Inc.*
|
6,826
|
1,475
|
|
Blackrock, Inc.
|
6,886
|
6,621
|
|
Booking Holdings, Inc.
|
36,519
|
6,509
|
|
Bristol-Myers Squibb Co.
|
95,311
|
5,492
|
|
Broadridge Financial Solutions, Inc.
|
5,411
|
741
|
|
Bunge Global S.A.
|
6,007
|
641
|
|
Burlington Stores, Inc.*
|
2,888
|
915
|
|
C.H. Robinson Worldwide, Inc.
|
5,393
|
1,016
|
|
Cadence Design Systems, Inc.*
|
12,833
|
4,816
|
|
Capital One Financial Corp.
|
27,794
|
5,576
|
|
Carlisle Cos., Inc.
|
1,956
|
710
|
|
Carnival Corp. Ltd.
|
59,427
|
1,698
|
|
Carrier Global Corp.
|
35,117
|
2,576
|
|
Carvana Co.*
|
29,869
|
1,966
|
|
Caterpillar, Inc.
|
21,690
|
23,098
|
|
Cboe Global Markets, Inc.
|
4,863
|
1,180
|
|
CBRE Group, Inc., Class A*
|
13,797
|
1,858
|
|
Cencora, Inc.
|
8,620
|
2,439
|
|
Charles Schwab (The) Corp.
|
77,082
|
7,112
|
|
Cheniere Energy, Inc.
|
9,568
|
2,287
|
|
Chipotle Mexican Grill, Inc.*
|
60,913
|
2,071
|
|
Church & Dwight Co., Inc.
|
10,893
|
1,055
|
|
Cigna Group (The)
|
12,314
|
3,395
|
|
Citizens Financial Group, Inc.
|
19,628
|
1,375
|
|
Clorox (The) Co.
|
5,799
|
553
|
|
CMS Energy Corp.
|
14,325
|
1,096
|
|
CNH Industrial N.V.
|
39,957
|
449
|
|
Coca-Cola (The) Co.
|
180,709
|
14,686
|
|
Colgate-Palmolive Co.
|
35,602
|
3,264
|
|
Comcast Corp., Class A
|
167,499
|
4,112
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Comfort Systems U.S.A., Inc.
|
1,643
|
$3,256
|
|
Consolidated Edison, Inc.
|
16,955
|
1,876
|
|
Cooper (The) Cos., Inc.*
|
9,246
|
663
|
|
Costco Wholesale Corp.
|
20,680
|
19,345
|
|
CRH PLC
|
31,123
|
3,330
|
|
Crown Castle, Inc.
|
20,213
|
1,531
|
|
CSX Corp.
|
86,961
|
4,133
|
|
Cummins, Inc.
|
6,402
|
4,566
|
|
D.R. Horton, Inc.
|
12,198
|
1,987
|
|
Danaher Corp.
|
29,597
|
5,638
|
|
Darden Restaurants, Inc.
|
5,278
|
1,087
|
|
Deckers Outdoor Corp.*
|
6,734
|
669
|
|
Deere & Co.
|
11,352
|
7,201
|
|
Delta Air Lines, Inc.
|
7,685
|
720
|
|
Dick's Sporting Goods, Inc.
|
2,705
|
613
|
|
Digital Realty Trust, Inc.
|
15,950
|
2,864
|
|
Dollar General Corp.
|
10,258
|
1,181
|
|
Domino's Pizza, Inc.
|
1,468
|
435
|
|
Dover Corp.
|
6,298
|
1,412
|
|
Eaton Corp. PLC
|
17,973
|
7,659
|
|
eBay, Inc.
|
19,873
|
2,221
|
|
Ecolab, Inc.
|
11,676
|
3,253
|
|
Edison International
|
18,091
|
1,347
|
|
Edwards Lifesciences Corp.*
|
26,849
|
2,429
|
|
Electronic Arts, Inc.
|
10,528
|
2,159
|
|
Elevance Health, Inc.
|
10,110
|
3,910
|
|
Eli Lilly & Co.
|
37,427
|
44,891
|
|
EMCOR Group, Inc.
|
2,065
|
1,714
|
|
Equinix, Inc.
|
4,604
|
4,799
|
|
Estee Lauder (The) Cos., Inc., Class A
|
11,344
|
896
|
|
Eversource Energy
|
17,459
|
1,262
|
|
Exelon Corp.
|
47,443
|
2,212
|
|
Expedia Group, Inc.
|
5,441
|
1,392
|
|
Expeditors International of Washington,
Inc.
|
6,151
|
1,002
|
|
F5, Inc.*
|
2,602
|
1,082
|
|
Fair Isaac Corp.*
|
1,092
|
1,305
|
|
Ferguson Enterprises, Inc.
|
9,078
|
2,154
|
|
Ferrovial N.V.
|
22,495
|
1,543
|
|
Fidelity National Information Services,
Inc.
|
23,649
|
919
|
|
Fifth Third Bancorp
|
41,692
|
2,350
|
|
First Solar, Inc.*
|
4,758
|
1,123
|
|
Fiserv, Inc.*
|
24,685
|
1,211
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Fortive Corp.
|
13,538
|
$827
|
|
Fox Corp., Class A
|
9,488
|
495
|
|
Fox Corp., Class B
|
6,431
|
301
|
|
Garmin Ltd.
|
7,577
|
1,800
|
|
GE Vernova, Inc.
|
12,562
|
14,759
|
|
General Electric Co.
|
48,697
|
18,200
|
|
General Mills, Inc.
|
25,329
|
881
|
|
Genuine Parts Co.
|
6,638
|
783
|
|
Gilead Sciences, Inc.
|
57,905
|
7,316
|
|
Graco, Inc.
|
7,388
|
559
|
|
Halliburton Co.
|
38,841
|
1,319
|
|
Hartford Insurance Group (The), Inc.
|
12,845
|
1,702
|
|
Hershey (The) Co.
|
6,851
|
1,202
|
|
Hewlett Packard Enterprise Co.
|
61,593
|
2,778
|
|
Hilton Worldwide Holdings, Inc.
|
10,653
|
3,520
|
|
Home Depot (The), Inc.
|
46,156
|
16,278
|
|
Hubbell, Inc.
|
2,484
|
1,300
|
|
Humana, Inc.
|
5,553
|
2,206
|
|
Huntington Bancshares, Inc.
|
94,105
|
1,668
|
|
Hyatt Hotels Corp., Class A
|
1,877
|
364
|
|
IDEX Corp.
|
3,453
|
784
|
|
IDEXX Laboratories, Inc.*
|
3,710
|
1,953
|
|
Incyte Corp.*
|
7,976
|
904
|
|
Ingersoll Rand, Inc.
|
18,114
|
1,485
|
|
Insulet Corp.*
|
3,218
|
490
|
|
Intercontinental Exchange, Inc.
|
26,432
|
3,254
|
|
InterContinental Hotels Group PLC
|
6,544
|
1,129
|
|
International Business Machines Corp.
|
43,716
|
12,293
|
|
International Flavors & Fragrances, Inc.
|
11,624
|
921
|
|
International Paper Co.
|
23,928
|
912
|
|
Intuit, Inc.
|
12,893
|
3,365
|
|
IQVIA Holdings, Inc.*
|
7,970
|
1,540
|
|
Iron Mountain, Inc.
|
13,792
|
1,742
|
|
Jacobs Solutions, Inc.
|
5,612
|
707
|
|
JB Hunt Transport Services, Inc.
|
3,537
|
1,024
|
|
Johnson & Johnson
|
112,345
|
28,532
|
|
Johnson Controls International PLC
|
28,573
|
4,175
|
|
Kenvue, Inc.
|
89,472
|
1,710
|
|
Keurig Dr. Pepper, Inc.
|
59,924
|
1,961
|
|
KeyCorp
|
42,626
|
983
|
|
Keysight Technologies, Inc.*
|
7,958
|
2,786
|
|
Kimberly-Clark Corp.
|
15,332
|
1,683
|
|
Kroger (The) Co.
|
25,821
|
1,434
|
|
Labcorp Holdings, Inc.
|
3,883
|
1,087
|
|
|
June 30, 2026 (UNAUDITED)
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Lam Research Corp.
|
58,204
|
$25,222
|
|
Lennox International, Inc.
|
1,448
|
830
|
|
Linde PLC
|
21,615
|
11,217
|
|
Lowe's Cos., Inc.
|
26,125
|
5,760
|
|
LPL Financial Holdings, Inc.
|
3,779
|
1,064
|
|
Lululemon Athletica, Inc.*
|
4,431
|
506
|
|
Marathon Petroleum Corp.
|
13,709
|
3,505
|
|
Marsh & McLennan Cos., Inc.
|
22,555
|
3,759
|
|
Martin Marietta Materials, Inc.
|
2,828
|
1,631
|
|
Marvell Technology, Inc.
|
39,734
|
11,836
|
|
Mastercard, Inc., Class A
|
38,176
|
19,607
|
|
McCormick & Co., Inc. (Non Voting)
|
12,156
|
613
|
|
McDonald's Corp.
|
33,132
|
8,956
|
|
Merck & Co., Inc.
|
115,345
|
14,822
|
|
MetLife, Inc.
|
25,953
|
2,196
|
|
Mettler-Toledo International, Inc.*
|
940
|
1,201
|
|
Microsoft Corp.
|
328,741
|
122,627
|
|
Monster Beverage Corp.*
|
33,051
|
3,177
|
|
Moody's Corp.
|
7,021
|
3,180
|
|
Morgan Stanley
|
55,261
|
11,552
|
|
Nasdaq, Inc.(4)
|
20,858
|
1,644
|
|
NetApp, Inc.
|
9,213
|
1,426
|
|
Newmont Corp.
|
50,392
|
4,707
|
|
NiSource, Inc.
|
23,127
|
1,100
|
|
Northern Trust Corp.(4)
|
8,263
|
1,436
|
|
Novartis A.G. (Registered)
|
85,459
|
13,382
|
|
NRG Energy, Inc.
|
9,358
|
1,367
|
|
Nucor Corp.
|
10,339
|
2,303
|
|
NVIDIA Corp.
|
1,075,805
|
215,258
|
|
NVR, Inc.*
|
121
|
824
|
|
Old Dominion Freight Line, Inc.
|
8,665
|
1,877
|
|
ONEOK, Inc.
|
29,491
|
2,564
|
|
O'Reilly Automotive, Inc.*
|
38,776
|
3,571
|
|
Palo Alto Networks, Inc.*
|
37,796
|
12,889
|
|
Paychex, Inc.
|
14,696
|
1,445
|
|
PayPal Holdings, Inc.
|
39,970
|
1,726
|
|
Pentair PLC
|
7,713
|
591
|
|
PepsiCo, Inc.
|
63,207
|
8,558
|
|
Phillips 66
|
18,744
|
3,169
|
|
PNC Financial Services Group (The),
Inc.
|
18,791
|
4,627
|
|
PPG Industries, Inc.
|
10,374
|
1,258
|
|
Principal Financial Group, Inc.
|
10,126
|
1,091
|
|
Procter & Gamble (The) Co.
|
108,371
|
15,891
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Progressive (The) Corp.
|
27,305
|
$5,965
|
|
Prologis, Inc.
|
43,570
|
5,902
|
|
Prudential Financial, Inc.
|
16,139
|
1,742
|
|
PTC, Inc.*
|
5,456
|
620
|
|
PulteGroup, Inc.
|
9,019
|
1,237
|
|
QIAGEN N.V.
|
8,922
|
346
|
|
Quanta Services, Inc.
|
6,997
|
5,038
|
|
Quest Diagnostics, Inc.
|
5,236
|
1,110
|
|
Raymond James Financial, Inc.
|
8,340
|
1,268
|
|
Regions Financial Corp.
|
39,676
|
1,198
|
|
Rivian Automotive, Inc., Class A* †
|
38,394
|
666
|
|
Rockwell Automation, Inc.
|
5,227
|
2,588
|
|
Ross Stores, Inc.
|
14,773
|
3,144
|
|
Royal Caribbean Cruises Ltd.
|
11,821
|
3,753
|
|
Royalty Pharma PLC, Class A
|
18,674
|
1,047
|
|
S&P Global, Inc.
|
14,132
|
5,755
|
|
Salesforce, Inc.
|
37,175
|
5,824
|
|
SBA Communications Corp.
|
4,951
|
874
|
|
Schneider Electric S.E.
|
25,576
|
8,391
|
|
Seagate Technology Holdings PLC
|
10,181
|
9,825
|
|
Sempra
|
30,596
|
2,837
|
|
ServiceNow, Inc.*
|
48,607
|
4,826
|
|
SLB Ltd.
|
70,054
|
3,257
|
|
Smurfit Westrock PLC
|
23,745
|
1,100
|
|
Smurfit Westrock PLC (New York
Exchange)
|
1,088
|
50
|
|
Spotify Technology S.A.*
|
6,837
|
3,139
|
|
State Street Corp.
|
13,181
|
2,235
|
|
Steel Dynamics, Inc.
|
6,465
|
1,483
|
|
STERIS PLC
|
4,637
|
976
|
|
Stryker Corp.
|
16,136
|
5,080
|
|
Sunbelt Rentals Holdings, Inc.
|
19,219
|
1,403
|
|
Swiss Re A.G.
|
13,926
|
2,216
|
|
Synchrony Financial
|
16,158
|
1,229
|
|
Synopsys, Inc.*
|
8,483
|
3,784
|
|
Sysco Corp.
|
22,411
|
1,873
|
|
T. Rowe Price Group, Inc.
|
10,034
|
1,141
|
|
Targa Resources Corp.
|
9,691
|
2,599
|
|
Target Corp.
|
21,007
|
2,744
|
|
Tesla, Inc.*
|
131,155
|
55,164
|
|
TJX (The) Cos., Inc.
|
51,687
|
7,831
|
|
Tractor Supply Co.
|
24,948
|
789
|
|
Trane Technologies PLC
|
10,266
|
5,042
|
|
TransUnion
|
9,187
|
663
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND continued
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
COMMON STOCKS – 97.7% (1)continued
|
||
|
United States – 71.9%continued
|
||
|
Travelers (The) Cos., Inc.
|
9,909
|
$3,271
|
|
Trimble, Inc.*
|
10,721
|
549
|
|
Truist Financial Corp.
|
57,487
|
2,864
|
|
Twilio, Inc., Class A*
|
6,719
|
1,386
|
|
U.S. Bancorp
|
72,572
|
4,383
|
|
Ulta Beauty, Inc.*
|
1,993
|
899
|
|
Union Pacific Corp.
|
27,707
|
7,536
|
|
United Rentals, Inc.
|
2,942
|
3,333
|
|
Valero Energy Corp.
|
13,893
|
3,618
|
|
Veeva Systems, Inc., Class A*
|
6,906
|
1,226
|
|
Veralto Corp.
|
11,561
|
1,025
|
|
Verisk Analytics, Inc.
|
6,160
|
1,106
|
|
Verizon Communications, Inc.
|
195,017
|
8,257
|
|
Vertex Pharmaceuticals, Inc.*
|
11,816
|
5,869
|
|
Visa, Inc., Class A
|
78,377
|
26,890
|
|
W.W. Grainger, Inc.
|
2,043
|
2,779
|
|
Walt Disney (The) Co.
|
82,574
|
7,948
|
|
Waters Corp.*
|
4,592
|
1,722
|
|
Welltower, Inc.
|
32,870
|
7,460
|
|
West Pharmaceutical Services, Inc.
|
3,344
|
1,200
|
|
Western Digital Corp.
|
16,129
|
10,302
|
|
Weyerhaeuser Co.
|
33,015
|
790
|
|
Williams (The) Cos., Inc.
|
57,097
|
4,245
|
|
Williams-Sonoma, Inc.
|
5,575
|
1,300
|
|
Willis Towers Watson PLC
|
4,319
|
1,129
|
|
Workday, Inc., Class A*
|
9,895
|
1,211
|
|
XPO, Inc.*
|
5,274
|
1,083
|
|
Xylem, Inc.
|
11,321
|
1,338
|
|
Yum! Brands, Inc.
|
12,996
|
2,078
|
|
Zimmer Biomet Holdings, Inc.
|
8,994
|
774
|
|
Zoetis, Inc.
|
19,716
|
1,417
|
|
Zscaler, Inc.*
|
4,906
|
692
|
|
|
|
1,610,291
|
|
Total Common Stocks
|
|
|
|
(Cost $1,043,349)
|
|
2,186,034
|
|
|
|
|
|
CONVERTIBLE PREFERRED STOCKS – 0.0% (1)
|
||
|
Germany – 0.0%
|
||
|
Sartorius A.G., 0.32%(5)
|
1,200
|
315
|
|
Total Convertible Preferred Stocks
|
|
|
|
(Cost $303)
|
|
315
|
|
|
|
|
|
|
NUMBER
OF SHARES
|
VALUE
(000S)
|
|
PREFERRED STOCKS – 0.0% (1)
|
||
|
Germany – 0.0%
|
||
|
Henkel A.G. & Co. KGaA, 2.82%(5)
|
6,728
|
$565
|
|
Total Preferred Stocks
|
|
|
|
(Cost $462)
|
|
565
|
|
|
|
|
|
RIGHTS – 0.0%
|
|
|
|
Spain – 0.0%
|
|
|
|
ACS Actividades de Construccion y
Servicios S.A.*
|
8,169
|
17
|
|
United States – 0.0%
|
|
|
|
ABIOMED, Inc. (Contingent Value
Rights)(3) (6) (7) *
|
2,380
|
—
|
|
TPG, Inc. (Contingent Value Rights)(3) *
|
10,535
|
—
|
|
|
|
—
|
|
Total Rights
|
|
|
|
(Cost $17)
|
|
17
|
|
|
|
|
|
INVESTMENT COMPANIES – 1.4%
|
||
|
Northern Institutional Funds - Liquid
Assets Portfolio (Shares),
3.68%(8) (9) (10)
|
1,443,209
|
1,443
|
|
Northern Institutional Funds -
U.S. Government Portfolio (Shares),
3.46%(8) (9)
|
28,982,808
|
28,983
|
|
Total Investment Companies
|
|
|
|
(Cost $30,426)
|
|
30,426
|
|
|
|
|
|
Total Investments – 99.1%
|
|
|
|
(Cost $1,074,557)
|
|
2,217,357
|
|
Other Assets less Liabilities – 0.9%
|
|
21,178
|
|
Net Assets – 100.0%
|
|
$2,238,535
|
|
(1)
|
Adjustment factors obtained from an independent evaluation service were
used to determine the value of certain foreign securities.
|
|
(2)
|
Security exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration to qualified institutional investors. At June 30, 2026,
the value of these securities amounted to approximately $1,944,000 or 0.1%
of net assets.
|
|
(3)
|
Security is valued using significant unobservable inputs and is classified as
Level 3 in the fair value hierarchy.
|
|
(4)
|
Investment in affiliate.
|
|
(5)
|
Current yield is disclosed. Dividends are calculated based on a percentage
of the issuer's net income.
|
|
|
June 30, 2026 (UNAUDITED)
|
|
(6)
|
Restricted security. At June 30, 2026, the value of this restricted security
amounted to $0 or 0.0% of net assets. Additional information on this
restricted security is as follows:
|
|
SECURITY
|
ACQUISITION
AND
ENFORCEABLE
DATE
|
COST
(000S)
|
|
ABIOMED, Inc. (Contingent Value Rights)
|
12/23/22
|
$—
|
|
|
|
|
(7)
|
Value rounds to less than one thousand.
|
|
(8)
|
Investment in affiliated Portfolio. Northern Trust Investments, Inc. is the
investment adviser to the Fund and the investment adviser to Northern
Institutional Funds.
|
|
(9)
|
7-day current yield as of June 30, 2026 is disclosed.
|
|
(10)
|
Investment of cash collateral received from securities lending activities.
|
|
†
|
Security is either wholly or partially on loan.
|
|
*
|
Non-Income Producing Security
|
|
|
|
EXPLANATION OF ABBREVIATIONS AND ACRONYMS USED THROUGHOUT
THE SCHEDULE OF INVESTMENTS:
|
|
|
|
CDI – CREST Depository Interest
|
|
|
|
FTSE – Financial Times Stock Exchange
|
|
|
|
S&P – Standard & Poor's
|
|
|
|
SPI – Standardized Precipitation Index
|
|
|
|
TSX – Toronto Stock Exchange
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Bank of Montreal
|
Hong Kong
Dollar
|
4,388
|
United States
Dollar
|
562
|
9/16/26
|
$1
|
|
Bank of Montreal
|
New Zealand
Dollar
|
124
|
United States
Dollar
|
73
|
9/16/26
|
3
|
|
JPMorgan Chase
|
Danish Krone
|
1,528
|
United States
Dollar
|
240
|
9/16/26
|
5
|
|
JPMorgan Chase
|
Swiss Franc
|
728
|
United States
Dollar
|
938
|
9/16/26
|
29
|
|
JPMorgan Chase
|
United States
Dollar
|
745
|
Euro
|
650
|
9/16/26
|
—*
|
|
JPMorgan Chase
|
United States
Dollar
|
597
|
Japanese Yen
|
96,450
|
9/16/26
|
—*
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
500
|
British Pound
|
380
|
9/16/26
|
4
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
367
|
Canadian
Dollar
|
520
|
9/16/26
|
1
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
968
|
Euro
|
850
|
9/16/26
|
6
|
|
COUNTERPARTY
|
CONTRACTS
TO
DELIVER
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
IN
EXCHANGE
FOR
CURRENCY
|
AMOUNT
(LOCAL
CURRENCY)
(000s)
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
434
|
Swiss Franc
|
350
|
9/16/26
|
$3
|
|
Subtotal Appreciation
|
|
|
|
|
52
|
|
|
Bank of Montreal
|
United States
Dollar
|
1,028
|
Canadian
Dollar
|
1,416
|
9/16/26
|
(26
)
|
|
Barclays
|
United States
Dollar
|
609
|
Euro
|
520
|
9/16/26
|
(13
)
|
|
Barclays
|
United States
Dollar
|
380
|
Japanese Yen
|
60,070
|
9/16/26
|
(9
)
|
|
JPMorgan Chase
|
Euro
|
360
|
United States
Dollar
|
412
|
9/16/26
|
(1
)
|
|
JPMorgan Chase
|
United States
Dollar
|
173
|
Euro
|
148
|
9/16/26
|
(3
)
|
|
Morgan Stanley
|
United States
Dollar
|
61
|
Australian
Dollar
|
85
|
9/16/26
|
(2
)
|
|
Morgan Stanley
|
United States
Dollar
|
293
|
British Pound
|
218
|
9/16/26
|
(4
)
|
|
Toronto-Dominion
Bank
|
United States
Dollar
|
1,330
|
Japanese Yen
|
212,586
|
9/16/26
|
(14
)
|
|
Subtotal Depreciation
|
|
|
|
|
(72
)
|
|
|
Total
|
|
|
|
|
|
$(20
)
|
|
*
|
Amounts round to less than a thousand.
|
|
TYPE
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
(000s)
|
CONTRACT
POSITION
|
CONTRACT
EXP.
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION)
(000s)
|
|
E-Mini S&P
500
(United States
Dollar)
|
98
|
$36,986
|
Long
|
9/26
|
$325
|
|
Euro Stoxx 50
(Euro)
|
59
|
4,285
|
Long
|
9/26
|
38
|
|
FTSE 100
Index (British
Pound)
|
18
|
2,517
|
Long
|
9/26
|
(3
)
|
|
S&P/TSX 60
Index
(Canadian
Dollar)
|
5
|
1,449
|
Long
|
9/26
|
1
|
|
SPI 200 Index
(Australian
Dollar)
|
11
|
1,671
|
Long
|
9/26
|
(11
)
|
|
Topix Index
(Japanese
Yen)
|
6
|
1,477
|
Long
|
9/26
|
44
|
|
Total
|
|
|
|
|
$394
|
|
Schedule of Investments
|
|
WORLD SELECTION INDEX FUND continued
|
June 30, 2026 (UNAUDITED)
|
|
INDUSTRY SECTOR
|
% OF NET
ASSETS
|
|
Information Technology
|
28.7
%
|
|
Financials
|
15.5
|
|
Industrials
|
10.7
|
|
Communication Services
|
9.9
|
|
Health Care
|
9.9
|
|
Consumer Discretionary
|
8.7
|
|
Consumer Staples
|
5.2
|
|
Materials
|
3.1
|
|
Energy
|
2.6
|
|
Real Estate
|
1.7
|
|
Utilities
|
1.7
|
|
Short-Term Investments
|
1.4
|
|
Total Investments
|
99.1
|
|
Other Assets less Liabilities
|
0.9
|
|
Net Assets
|
100.0
%
|
|
INVESTMENTS
|
LEVEL 1
(000s)
|
LEVEL 2
(000s)
|
LEVEL 3
(000s)
|
TOTAL
(000s)
|
|
Common Stocks:
|
|
|
|
|
|
Brazil
|
$5,982
|
$—
|
$—
|
$5,982
|
|
Canada
|
71,827
|
—
|
—
|
71,827
|
|
Chile
|
801
|
832
|
—
|
1,633
|
|
Ireland
|
1,109
|
3,410
|
—
|
4,519
|
|
Netherlands
|
3,284
|
46,329
|
—
|
49,613
|
|
Singapore
|
412
|
2,059
|
—
|
2,471
|
|
United Kingdom
|
2,157
|
68,183
|
—
|
70,340
|
|
United States
|
1,578,067
|
32,224
|
—
|
1,610,291
|
|
All Other Countries(1)
|
—
|
369,358
|
—
|
369,358
|
|
Total Common Stocks
|
1,663,639
|
522,395
|
—
|
2,186,034
|
|
Convertible Preferred
Stocks
|
—
|
315
|
—
|
315
|
|
Preferred Stocks
|
—
|
565
|
—
|
565
|
|
Rights(1)
|
17
|
—
|
—
*
|
17
|
|
Investment Companies
|
30,426
|
—
|
—
|
30,426
|
|
Total Investments
|
$1,694,082
|
$523,275
|
$—
|
$2,217,357
|
|
OTHER FINANCIAL
INSTRUMENTS
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
$—
|
$52
|
$—
|
$52
|
|
Futures Contracts
|
408
|
—
|
—
|
408
|
|
Liabilities
|
|
|
|
|
|
Forward Foreign
Currency Exchange
Contracts
|
—
|
(72
)
|
—
|
(72
)
|
|
Futures Contracts
|
(14
)
|
—
|
—
|
(14
)
|
|
Total Other Financial
Instruments
|
$394
|
$(20
)
|
$—
|
$374
|
|
(1)
|
Classifications as defined in the Schedule of Investments.
|
|
*
|
Amount rounds to less than one thousand.
|
|
SECURITY
|
VALUE,
BEGINNING
OF PERIOD
(000S)
|
PURCHASES
(000S)
|
SALES
PROCEEDS
(000S)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
(000S)
|
NET
REALIZED
GAINS
(LOSSES)
(000S)
|
VALUE,
END OF PERIOD
(000S)
|
SHARES/PAR,
END
OF PERIOD
|
DIVIDEND/
INTEREST
INCOME
(000S)
|
|
Nasdaq, Inc.
|
$1,771
|
$—
|
$—
|
$(127
)
|
$—
|
$1,644
|
20,858
|
$6
|
|
Northern Institutional Funds - Liquid Assets Portfolio (Shares)
|
696
|
10,137
|
9,390
|
—
|
—
|
1,443
|
1,443,209
|
1
(1)
|
|
Northern Institutional Funds - U.S. Government Portfolio (Shares)
|
27,959
|
52,799
|
51,775
|
—
|
—
|
28,983
|
28,982,808
|
253
|
|
Northern Trust Corp.
|
1,210
|
—
|
67
|
260
|
33
|
1,436
|
8,263
|
7
|
|
Total
|
$31,636
|
$62,936
|
$61,232
|
$133
|
$33
|
$33,506
|
30,455,138
|
$267
|
|
(1)
|
Represents income from the investment of cash collateral and loan premiums or fees
paid by borrowers, net of applicable taxes, rebate fees paid or accrued to the
Fund, and other related expenses.
|