|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.3% | |||
|
|
Aerospace & Defense — 2.5% | ||
|
12,597 |
ATI, Inc.1 |
$2,361,182 | |
|
12,444 |
General Electric Co. |
4,480,711 | |
|
13,824 |
Howmet Aerospace, Inc. |
3,901,962 | |
|
|
|
|
10,743,855 |
|
|
Air Freight & Logistics — 0.5% | ||
|
7,780 |
FedEx Corp. |
2,391,572 | |
|
|
Automobile Components — 0.9% | ||
|
61,859 |
BorgWarner, Inc. |
3,942,893 | |
|
|
Automobiles — 1.9% | ||
|
91,251 |
General Motors Co. |
8,108,564 | |
|
|
Banks — 3.4% | ||
|
50,956 |
Bank of America Corp. |
3,156,724 | |
|
26,866 |
Citigroup, Inc. |
3,558,402 | |
|
258,674 |
Regions Financial Corp. |
8,005,960 | |
|
|
|
|
14,721,086 |
|
|
Beverages — 0.5% | ||
|
73,674 |
Keurig Dr. Pepper, Inc. |
2,292,735 | |
|
|
Biotechnology — 5.0% | ||
|
72,368 |
BioMarin Pharmaceutical, Inc.1 |
4,343,527 | |
|
24,277 |
Gilead Sciences, Inc. |
3,161,108 | |
|
51,196 |
Halozyme Therapeutics, Inc.1,2 |
4,225,718 | |
|
39,920 |
Incyte Corp.1 |
4,771,238 | |
|
3,934 |
Regeneron Pharmaceuticals, Inc. |
3,000,187 | |
|
4,246 |
United Therapeutics Corp.1 |
2,198,197 | |
|
|
|
|
21,699,975 |
|
|
Broadline Retail — 1.9% | ||
|
71,256 |
eBay, Inc. |
8,123,897 | |
|
|
Capital Markets — 3.1% | ||
|
24,109 |
CME Group, Inc. |
6,456,149 | |
|
27,113 |
Intercontinental Exchange, Inc. |
4,134,190 | |
|
28,594 |
Nasdaq, Inc. |
2,693,269 | |
|
|
|
|
13,283,608 |
|
|
Chemicals — 0.5% | ||
|
18,646 |
PPG Industries, Inc. |
2,060,756 | |
|
|
Commercial Services & Supplies — 0.9% | ||
|
132,613 |
Copart, Inc.1 |
3,861,691 | |
|
|
Communications Equipment — 3.7% | ||
|
47,415 |
Arista Networks, Inc.1 |
8,551,295 | |
|
19,200 |
F5, Inc.1 |
7,729,344 | |
|
|
|
|
16,280,639 |
|
|
Consumer Staples Distribution & Retail — 0.5% | ||
|
15,493 |
Target Corp. |
2,238,584 | |
|
|
Diversified Telecommunication Services — 0.9% | ||
|
159,288 |
Comcast Corp. Class A |
3,816,540 | |
|
|
Electric Utilities — 1.9% | ||
|
41,837 |
Edison International |
3,069,581 | |
|
28,829 |
Eversource Energy |
2,063,868 | |
|
|
|
1 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Electric Utilities — (Continued) | ||
|
71,777 |
Exelon Corp. |
$3,288,822 | |
|
|
|
|
8,422,271 |
|
|
Electrical Equipment — 1.5% | ||
|
27,055 |
AMETEK, Inc. |
6,539,464 | |
|
|
Electronic Equipment, Instruments & Components — 1.0% | ||
|
21,779 |
TE Connectivity PLC |
4,479,723 | |
|
|
Energy Equipment & Services — 0.9% | ||
|
122,585 |
Halliburton Co. |
3,953,366 | |
|
|
Entertainment — 1.5% | ||
|
19,873 |
Roku, Inc.1 |
2,881,784 | |
|
39,400 |
Walt Disney Co. |
3,789,886 | |
|
|
|
|
6,671,670 |
|
|
Financial Services — 4.7% | ||
|
23,240 |
Corpay, Inc.1 |
8,880,236 | |
|
6,338 |
Mastercard, Inc. Class A |
3,632,308 | |
|
90,039 |
PayPal Holdings, Inc. |
5,151,131 | |
|
7,808 |
Visa, Inc. Class A |
2,858,743 | |
|
|
|
|
20,522,418 |
|
|
Food Products — 0.5% | ||
|
80,610 |
Kraft Heinz Co. |
2,083,769 | |
|
|
Ground Transportation — 0.9% | ||
|
58,413 |
Uber Technologies, Inc.1 |
4,109,939 | |
|
|
Health Care Equipment & Supplies — 0.5% | ||
|
23,511 |
Edwards Lifesciences Corp.1 |
2,023,592 | |
|
|
Health Care Providers & Services — 3.2% | ||
|
14,750 |
Cigna Group |
4,115,987 | |
|
12,953 |
Elevance Health, Inc. |
4,868,256 | |
|
28,644 |
Universal Health Services, Inc. Class B |
4,824,795 | |
|
|
|
|
13,809,038 |
|
|
Hotel & Resort REITs — 0.6% | ||
|
110,873 |
Host Hotels & Resorts, Inc. |
2,786,239 | |
|
|
Hotels, Restaurants & Leisure — 2.1% | ||
|
21,742 |
Airbnb, Inc. Class A1 |
3,294,348 | |
|
13,203 |
Expedia Group, Inc. |
3,891,452 | |
|
42,517 |
Las Vegas Sands Corp. |
2,078,656 | |
|
|
|
|
9,264,456 |
|
|
Household Durables — 0.5% | ||
|
14,489 |
Toll Brothers, Inc. |
2,113,800 | |
|
|
Household Products — 1.0% | ||
|
22,212 |
Church & Dwight Co., Inc. |
2,194,768 | |
|
22,438 |
Colgate-Palmolive Co. |
2,048,589 | |
|
|
|
|
4,243,357 |
|
|
Insurance — 1.5% | ||
|
11,750 |
Aon PLC Class A |
4,236,462 | |
|
11,643 |
Marsh & McLennan Cos., Inc. |
2,208,561 | |
|
|
|
|
6,445,023 |
|
|
|
2 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Interactive Media & Services — 3.1% | ||
|
20,898 |
Alphabet, Inc. Class A |
$7,442,405 | |
|
59,383 |
Match Group, Inc. |
2,340,284 | |
|
6,609 |
Meta Platforms, Inc. Class A |
3,679,296 | |
|
|
|
|
13,461,985 |
|
|
IT Services — 4.3% | ||
|
35,200 |
Amdocs Ltd. |
1,961,344 | |
|
48,870 |
Cognizant Technology Solutions Corp. Class A |
2,704,955 | |
|
42,267 |
Okta, Inc.1 |
5,998,955 | |
|
40,537 |
Twilio, Inc. Class A1 |
7,999,977 | |
|
|
|
|
18,665,231 |
|
|
Life Sciences Tools & Services — 1.1% | ||
|
16,274 |
Agilent Technologies, Inc. |
2,251,833 | |
|
4,070 |
Medpace Holdings, Inc.1 |
2,348,838 | |
|
|
|
|
4,600,671 |
|
|
Machinery — 2.7% | ||
|
79,251 |
Gates Industrial Corp. Ltd.1 |
2,217,443 | |
|
7,414 |
Snap-on, Inc. |
3,042,780 | |
|
21,714 |
Toro Co. |
1,994,865 | |
|
15,256 |
Westinghouse Air Brake Technologies Corp. |
4,437,360 | |
|
|
|
|
11,692,448 |
|
|
Media — 3.0% | ||
|
104,428 |
Fox Corp. Class A |
6,080,843 | |
|
33,934 |
New York Times Co. Class A |
2,541,317 | |
|
157,929 |
News Corp. Class A |
4,352,523 | |
|
|
|
|
12,974,683 |
|
|
Metals & Mining — 1.0% | ||
|
45,225 |
Newmont Corp. |
4,238,035 | |
|
|
Oil, Gas & Consumable Fuels — 3.0% | ||
|
154,757 |
APA Corp.2 |
5,775,531 | |
|
22,462 |
Chevron Corp. |
4,421,195 | |
|
29,831 |
HF Sinclair Corp. |
2,728,642 | |
|
|
|
|
12,925,368 |
|
|
Pharmaceuticals — 1.0% | ||
|
63,711 |
Bristol-Myers Squibb Co. |
4,160,965 | |
|
|
Professional Services — 1.2% | ||
|
10,053 |
Automatic Data Processing, Inc. |
2,678,722 | |
|
20,249 |
Leidos Holdings, Inc. |
2,340,785 | |
|
|
|
|
5,019,507 |
|
|
Real Estate Management & Development — 0.8% | ||
|
25,103 |
CBRE Group, Inc. Class A1 |
3,685,371 | |
|
|
Retail REITs — 1.5% | ||
|
28,525 |
Simon Property Group, Inc. |
6,542,779 | |
|
|
Semiconductors & Semiconductor Equipment — 13.8% | ||
|
32,669 |
Amkor Technology, Inc. |
1,629,203 | |
|
14,928 |
Applied Materials, Inc. |
7,578,498 | |
|
38,050 |
Cirrus Logic, Inc.1 |
4,921,768 | |
|
19,566 |
FormFactor, Inc.1 |
2,077,909 | |
|
138,126 |
Intel Corp.1 |
12,458,965 | |
|
|
|
3 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Semiconductors & Semiconductor Equipment — (Continued) | ||
|
26,034 |
Lam Research Corp. |
$7,628,483 | |
|
29,827 |
Marvell Technology, Inc. |
5,594,352 | |
|
9,167 |
Micron Technology, Inc. |
7,544,716 | |
|
21,207 |
NVIDIA Corp. |
4,257,305 | |
|
78,644 |
ON Semiconductor Corp.1 |
6,418,137 | |
|
|
|
|
60,109,336 |
|
|
Software — 6.9% | ||
|
9,358 |
Adobe, Inc.1 |
2,343,337 | |
|
84,805 |
Docusign, Inc.1 |
4,649,858 | |
|
133,310 |
Dropbox, Inc. Class A1 |
4,340,574 | |
|
48,567 |
Dynatrace, Inc.1 |
2,152,489 | |
|
14,896 |
Intuit, Inc. |
4,708,179 | |
|
326,970 |
UiPath, Inc. Class A1,2 |
4,172,137 | |
|
79,122 |
Zoom Communications, Inc.1 |
7,601,250 | |
|
|
|
|
29,967,824 |
|
|
Specialized REITs — 0.6% | ||
|
2,679 |
Equinix, Inc. |
2,730,651 | |
|
|
Specialty Retail — 2.9% | ||
|
84,672 |
Gap, Inc. |
1,701,060 | |
|
25,175 |
Ross Stores, Inc. |
6,320,687 | |
|
28,031 |
TJX Cos., Inc. |
4,410,398 | |
|
|
|
|
12,432,145 |
|
|
Technology Hardware, Storage & Peripherals — 3.0% | ||
|
59,980 |
Everpure, Inc. Class A1 |
4,628,656 | |
|
172,762 |
Hewlett Packard Enterprise Co. |
8,275,300 | |
|
|
|
|
12,903,956 |
|
|
Tobacco — 0.9% | ||
|
56,902 |
Altria Group, Inc. |
3,888,114 | |
|
|
TOTAL COMMON STOCKS
(Cost $282,287,301) |
431,033,589 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.7% | |||
|
$2,888,425 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$2,888,680, due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $2,942,300, coupon
rate of 3.375%, due 2/29/28, market value of $2,946,272) |
2,888,425 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $2,888,425) |
2,888,425 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 3.2% | |||
|
13,913,245 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%3 |
13,913,245 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $13,913,245) |
13,913,245 | |
|
|
|
4 |
|
|
|
Shares |
|
|
Value |
|
TOTAL INVESTMENTS
(Cost $299,088,971) |
103.2
% |
$447,835,259 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(3.2
) |
(13,961,086
) | |
|
NET ASSETS |
100.0
% |
$433,874,173 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
2
|
Securities or partial securities on loan. |
|
3
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
5 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.0% | |||
|
|
Aerospace & Defense — 3.4% | ||
|
48,655 |
General Electric Co. |
$17,519,206 | |
|
99,252 |
Howmet Aerospace, Inc. |
28,014,869 | |
|
|
|
|
45,534,075 |
|
|
Beverages — 1.7% | ||
|
229,526 |
Monster Beverage Corp.1 |
22,121,716 | |
|
|
Biotechnology — 2.9% | ||
|
326,271 |
Incyte Corp.1 |
38,995,910 | |
|
|
Broadline Retail — 0.8% | ||
|
88,645 |
eBay, Inc. |
10,106,417 | |
|
|
Building Products — 2.0% | ||
|
59,616 |
Trane Technologies PLC |
27,122,299 | |
|
|
Capital Markets — 0.5% | ||
|
68,799 |
Charles Schwab Corp. |
7,240,407 | |
|
|
Commercial Services & Supplies — 0.4% | ||
|
61,880 |
Veralto Corp. |
5,827,240 | |
|
|
Communications Equipment — 3.0% | ||
|
218,819 |
Arista Networks, Inc.1 |
39,464,007 | |
|
|
Construction & Engineering — 2.1% | ||
|
34,510 |
EMCOR Group, Inc. |
27,519,309 | |
|
|
Electronic Equipment, Instruments & Components — 5.5% | ||
|
246,695 |
Amphenol Corp. Class A |
39,643,886 | |
|
27,675 |
Fabrinet1 |
12,049,972 | |
|
67,101 |
Jabil, Inc. |
21,140,170 | |
|
|
|
|
72,834,028 |
|
|
Entertainment — 5.8% | ||
|
363,419 |
Netflix, Inc.1 |
26,060,777 | |
|
179,746 |
Roku, Inc.1 |
26,064,967 | |
|
48,274 |
Spotify Technology SA1 |
24,134,104 | |
|
|
|
|
76,259,848 |
|
|
Financial Services — 3.9% | ||
|
37,514 |
Corpay, Inc.1 |
14,334,475 | |
|
13,677 |
Mastercard, Inc. Class A |
7,838,289 | |
|
80,733 |
Visa, Inc. Class A |
29,558,773 | |
|
|
|
|
51,731,537 |
|
|
Health Care Equipment & Supplies — 1.9% | ||
|
305,544 |
Dexcom, Inc.1 |
25,497,647 | |
|
|
Health Care Providers & Services — 0.5% | ||
|
22,926 |
Cencora, Inc. |
7,137,781 | |
|
|
Hotels, Restaurants & Leisure — 2.7% | ||
|
29,825 |
Booking Holdings, Inc. |
5,753,243 | |
|
102,426 |
Expedia Group, Inc. |
30,189,039 | |
|
|
|
|
35,942,282 |
|
|
Insurance — 0.8% | ||
|
52,586 |
Marsh & McLennan Cos., Inc. |
9,975,038 | |
|
|
Interactive Media & Services — 5.7% | ||
|
93,289 |
Alphabet, Inc. Class A |
33,223,011 | |
|
|
|
6 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Interactive Media & Services — (Continued) | ||
|
48,504 |
Meta Platforms, Inc. Class A |
$27,002,662 | |
|
628,483 |
Pinterest, Inc. Class A1 |
15,089,877 | |
|
|
|
|
75,315,550 |
|
|
IT Services — 5.0% | ||
|
223,536 |
Okta, Inc.1 |
31,726,465 | |
|
171,986 |
Twilio, Inc. Class A1 |
33,941,437 | |
|
|
|
|
65,667,902 |
|
|
Life Sciences Tools & Services — 1.4% | ||
|
78,251 |
IQVIA Holdings, Inc.1 |
18,390,550 | |
|
|
Media — 1.0% | ||
|
705,444 |
Trade Desk, Inc. Class A1 |
12,726,210 | |
|
|
Oil, Gas & Consumable Fuels — 0.6% | ||
|
34,458 |
Phillips 66 |
7,294,069 | |
|
|
Pharmaceuticals — 1.7% | ||
|
349,571 |
Bristol-Myers Squibb Co. |
22,830,482 | |
|
|
Professional Services — 1.1% | ||
|
32,530 |
Automatic Data Processing, Inc. |
8,667,944 | |
|
56,065 |
Paychex, Inc. |
6,550,634 | |
|
|
|
|
15,218,578 |
|
|
Real Estate Management & Development — 0.5% | ||
|
18,604 |
Jones Lang LaSalle, Inc.1 |
6,604,978 | |
|
|
Semiconductors & Semiconductor Equipment — 18.7% | ||
|
67,063 |
Applied Materials, Inc. |
34,045,873 | |
|
60,573 |
First Solar, Inc.1 |
12,782,720 | |
|
157,018 |
KLA Corp. |
28,706,031 | |
|
103,524 |
Lam Research Corp. |
30,334,602 | |
|
179,598 |
Marvell Technology, Inc. |
33,685,401 | |
|
27,181 |
Micron Technology, Inc. |
22,370,778 | |
|
11,657 |
Monolithic Power Systems, Inc. |
16,623,232 | |
|
169,734 |
NVIDIA Corp. |
34,074,101 | |
|
93,112 |
Teradyne, Inc. |
34,236,351 | |
|
|
|
|
246,859,089 |
|
|
Software — 12.2% | ||
|
46,159 |
Adobe, Inc.1 |
11,558,676 | |
|
265,669 |
Docusign, Inc.1 |
14,566,631 | |
|
300,404 |
Dynatrace, Inc.1 |
13,313,906 | |
|
239,464 |
Fortinet, Inc.1 |
38,781,195 | |
|
95,261 |
Intuit, Inc. |
30,109,144 | |
|
70,167 |
Microsoft Corp. |
32,608,008 | |
|
180,188 |
ServiceNow, Inc.1 |
20,042,311 | |
|
|
|
|
160,979,871 |
|
|
Specialized REITs — 0.8% | ||
|
68,864 |
Lamar Advertising Co. Class A |
11,015,485 | |
|
|
Specialty Retail — 3.2% | ||
|
97,760 |
TJX Cos., Inc. |
15,381,558 | |
|
115,213 |
Williams-Sonoma, Inc. |
26,344,605 | |
|
|
|
|
41,726,163 |
|
|
|
7 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Technology Hardware, Storage & Peripherals — 7.3% | ||
|
90,553 |
Apple, Inc. |
$27,972,727 | |
|
87,314 |
Dell Technologies, Inc. Class C |
35,394,476 | |
|
259,522 |
Everpure, Inc. Class A1 |
20,027,313 | |
|
76,546 |
NetApp, Inc. |
13,663,461 | |
|
|
|
|
97,057,977 |
|
|
Textiles, Apparel & Luxury Goods — 1.9% | ||
|
163,741 |
Tapestry, Inc. |
24,949,216 | |
|
|
TOTAL COMMON STOCKS
(Cost $735,807,962) |
1,309,945,661 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 1.1% | |||
|
$13,846,782 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$13,848,006, due 8/3/26, (collateralized by U.S. Treasury Notes with a par value of $14,125,000,
coupon rate of 3.375% - 4.375%, due 2/29/28 - 7/31/31, market value of $14,123,815) |
13,846,782 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $13,846,782) |
13,846,782 | |
|
TOTAL INVESTMENTS
(Cost $749,654,744) |
100.1
% |
$1,323,792,443 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(0.1
) |
(664,225
) | |
|
NET ASSETS |
100.0
% |
$1,323,128,218 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
|
|
8 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.8% | |||
|
|
Aerospace & Defense — 3.0% | ||
|
150 |
General Dynamics Corp. |
$57,513 | |
|
50 |
Honeywell Aerospace, Inc.1 |
10,337 | |
|
63 |
RTX Corp. |
13,559 | |
|
|
|
|
81,409 |
|
|
Air Freight & Logistics — 1.1% | ||
|
96 |
FedEx Corp. |
29,510 | |
|
|
Automobile Components — 1.1% | ||
|
466 |
BorgWarner, Inc. |
29,703 | |
|
|
Automobiles — 0.5% | ||
|
914 |
Ford Motor Co. |
13,418 | |
|
|
Banks — 6.1% | ||
|
209 |
Citizens Financial Group, Inc. |
14,975 | |
|
512 |
Columbia Banking System, Inc. |
16,010 | |
|
100 |
Popular, Inc. |
17,521 | |
|
923 |
Regions Financial Corp. |
28,567 | |
|
1,048 |
U.S. Bancorp |
66,034 | |
|
335 |
Zions Bancorp NA |
23,350 | |
|
|
|
|
166,457 |
|
|
Beverages — 0.8% | ||
|
729 |
Keurig Dr. Pepper, Inc. |
22,686 | |
|
|
Biotechnology — 3.6% | ||
|
247 |
Gilead Sciences, Inc. |
32,162 | |
|
87 |
Regeneron Pharmaceuticals, Inc. |
66,349 | |
|
|
|
|
98,511 |
|
|
Broadline Retail — 3.4% | ||
|
572 |
eBay, Inc. |
65,214 | |
|
1,149 |
Macy’s, Inc. |
28,518 | |
|
|
|
|
93,732 |
|
|
Building Products — 2.0% | ||
|
369 |
Johnson Controls International PLC |
54,118 | |
|
|
Capital Markets — 3.4% | ||
|
204 |
CME Group, Inc. |
54,629 | |
|
256 |
Intercontinental Exchange, Inc. |
39,035 | |
|
|
|
|
93,664 |
|
|
Chemicals — 2.1% | ||
|
129 |
CF Industries Holdings, Inc. |
16,149 | |
|
283 |
Corteva, Inc. |
22,275 | |
|
133 |
DuPont de Nemours, Inc. |
18,221 | |
|
|
|
|
56,645 |
|
|
Communications Equipment — 2.4% | ||
|
563 |
Cisco Systems, Inc. |
65,302 | |
|
|
Construction & Engineering — 0.5% | ||
|
189 |
AECOM |
13,682 | |
|
|
Consumer Finance — 1.9% | ||
|
1,192 |
Ally Financial, Inc. |
51,649 | |
|
|
Consumer Staples Distribution & Retail — 1.4% | ||
|
267 |
Target Corp. |
38,579 | |
|
|
|
9 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Distributors — 0.8% | ||
|
1,034 |
LKQ Corp. |
$23,213 | |
|
|
Electric Utilities — 3.1% | ||
|
463 |
Eversource Energy |
33,146 | |
|
1,101 |
Exelon Corp. |
50,448 | |
|
|
|
|
83,594 |
|
|
Electrical Equipment — 0.8% | ||
|
93 |
AMETEK, Inc. |
22,479 | |
|
|
Energy Equipment & Services — 2.5% | ||
|
954 |
TechnipFMC PLC |
68,364 | |
|
|
Entertainment — 1.1% | ||
|
320 |
Walt Disney Co. |
30,781 | |
|
|
Financial Services — 3.8% | ||
|
1,014 |
Corebridge Financial, Inc. |
31,627 | |
|
1,115 |
Fidelity National Information Services, Inc. |
49,918 | |
|
752 |
MGIC Investment Corp. |
22,590 | |
|
|
|
|
104,135 |
|
|
Food Products — 0.7% | ||
|
734 |
Kraft Heinz Co. |
18,974 | |
|
|
Ground Transportation — 0.2% | ||
|
48 |
Fedex Freight Holding Co., Inc.1 |
6,745 | |
|
|
Health Care Providers & Services — 6.2% | ||
|
91 |
Cardinal Health, Inc. |
20,933 | |
|
143 |
Cigna Group |
39,904 | |
|
571 |
CVS Health Corp. |
59,629 | |
|
95 |
Elevance Health, Inc. |
35,705 | |
|
87 |
Universal Health Services, Inc. Class B |
14,654 | |
|
|
|
|
170,825 |
|
|
Hotel & Resort REITs — 1.2% | ||
|
1,345 |
Host Hotels & Resorts, Inc. |
33,800 | |
|
|
Hotels, Restaurants & Leisure — 1.0% | ||
|
136 |
Booking Holdings, Inc. |
26,234 | |
|
|
Household Products — 0.4% | ||
|
117 |
Clorox Co. |
11,177 | |
|
|
Industrial Conglomerates — 0.4% | ||
|
50 |
Honeywell International, Inc. |
12,152 | |
|
|
Insurance — 3.3% | ||
|
61 |
Allstate Corp. |
16,109 | |
|
36 |
Everest Group Ltd. |
13,469 | |
|
95 |
Hartford Insurance Group, Inc. |
13,482 | |
|
305 |
Old Republic International Corp. |
13,179 | |
|
391 |
Unum Group |
33,669 | |
|
|
|
|
89,908 |
|
|
IT Services — 3.5% | ||
|
507 |
Amdocs Ltd. |
28,250 | |
|
1,206 |
Cognizant Technology Solutions Corp. Class A |
66,752 | |
|
|
|
|
95,002 |
|
|
|
10 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Machinery — 0.5% | ||
|
219 |
Pentair PLC |
$14,331 | |
|
|
Media — 1.3% | ||
|
617 |
Fox Corp. Class A |
35,928 | |
|
|
Metals & Mining — 1.5% | ||
|
434 |
Newmont Corp. |
40,670 | |
|
|
Oil, Gas & Consumable Fuels — 3.4% | ||
|
1,240 |
APA Corp. |
46,277 | |
|
467 |
Devon Energy Corp. |
21,075 | |
|
170 |
ExxonMobil Holdings Corp. |
26,425 | |
|
|
|
|
93,777 |
|
|
Passenger Airlines — 2.0% | ||
|
622 |
Delta Air Lines, Inc. |
54,388 | |
|
|
Pharmaceuticals — 5.1% | ||
|
1,036 |
Bristol-Myers Squibb Co. |
67,661 | |
|
90 |
Jazz Pharmaceuticals PLC1 |
22,757 | |
|
130 |
Merck & Co., Inc. |
16,926 | |
|
1,341 |
Pfizer, Inc. |
33,539 | |
|
|
|
|
140,883 |
|
|
Professional Services — 1.9% | ||
|
89 |
Broadridge Financial Solutions, Inc. |
13,702 | |
|
187 |
Paychex, Inc. |
21,849 | |
|
205 |
SS&C Technologies Holdings, Inc. |
15,795 | |
|
|
|
|
51,346 |
|
|
Real Estate Management & Development — 0.5% | ||
|
97 |
CBRE Group, Inc. Class A1 |
14,241 | |
|
|
Retail REITs — 1.5% | ||
|
626 |
Realty Income Corp. |
39,983 | |
|
|
Semiconductors & Semiconductor Equipment — 1.5% | ||
|
114 |
Cirrus Logic, Inc.1 |
14,746 | |
|
436 |
Skyworks Solutions, Inc. |
27,154 | |
|
|
|
|
41,900 |
|
|
Software — 6.1% | ||
|
182 |
Intuit, Inc. |
57,525 | |
|
304 |
Salesforce, Inc. |
55,942 | |
|
558 |
Zoom Communications, Inc.1 |
53,607 | |
|
|
|
|
167,074 |
|
|
Specialized REITs — 1.0% | ||
|
1,083 |
VICI Properties, Inc. |
28,537 | |
|
|
Specialty Retail — 2.9% | ||
|
1,004 |
Bath & Body Works, Inc. |
20,200 | |
|
398 |
Best Buy Co., Inc. |
34,332 | |
|
1,236 |
Gap, Inc. |
24,831 | |
|
|
|
|
79,363 |
|
|
Technology Hardware, Storage & Peripherals — 5.2% | ||
|
1,700 |
Hewlett Packard Enterprise Co. |
81,430 | |
|
2,207 |
HP, Inc. |
60,185 | |
|
|
|
|
141,615 |
|
|
|
11 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Textiles, Apparel & Luxury Goods — 1.3% | ||
|
51 |
Ralph Lauren Corp. |
$19,398 | |
|
98 |
Tapestry, Inc. |
14,932 | |
|
|
|
|
34,330 |
|
|
Tobacco — 1.8% | ||
|
711 |
Altria Group, Inc. |
48,583 | |
|
|
TOTAL COMMON STOCKS
(Cost $2,074,581) |
2,733,397 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.7% | |||
|
$19,177 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $19,178, due
8/3/26, (collateralized by a U.S. Treasury Note with a par value of $19,600, coupon rate of 3.375%, due
2/29/28, market value of $19,692) |
19,177 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $19,177) |
19,177 | |
|
TOTAL INVESTMENTS
(Cost $2,093,758) |
100.5
% |
$2,752,574 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(0.5
) |
(14,084
) | |
|
NET ASSETS |
100.0
% |
$2,738,490 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
|
|
12 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.6% | |||
|
|
Aerospace & Defense — 1.4% | ||
|
228 |
AAR Corp.1 |
$31,929 | |
|
340 |
V2X, Inc.1 |
30,682 | |
|
|
|
|
62,611 |
|
|
Air Freight & Logistics — 0.4% | ||
|
1,995 |
Radiant Logistics, Inc.1 |
16,439 | |
|
|
Automobile Components — 1.3% | ||
|
1,187 |
Adient PLC1 |
24,974 | |
|
320 |
Phinia, Inc. |
23,549 | |
|
96 |
Visteon Corp. |
10,036 | |
|
|
|
|
58,559 |
|
|
Banks — 11.2% | ||
|
481 |
BankUnited, Inc. |
22,439 | |
|
700 |
Central Pacific Financial Corp. |
27,580 | |
|
965 |
ConnectOne Bancorp, Inc. |
31,787 | |
|
389 |
Enterprise Financial Services Corp. |
25,795 | |
|
1,269 |
Fulton Financial Corp. |
30,875 | |
|
1,044 |
Hanmi Financial Corp. |
33,283 | |
|
810 |
Hilltop Holdings, Inc. |
31,946 | |
|
643 |
HomeTrust Bancshares, Inc. |
32,915 | |
|
599 |
OFG Bancorp |
31,663 | |
|
493 |
Origin Bancorp, Inc. |
26,982 | |
|
1,385 |
Provident Financial Services, Inc. |
34,182 | |
|
639 |
Renasant Corp. |
27,841 | |
|
569 |
S&T Bancorp, Inc. |
29,673 | |
|
1,270 |
Shore Bancshares, Inc. |
31,115 | |
|
402 |
Southside Bancshares, Inc. |
13,069 | |
|
860 |
Third Coast Bancshares, Inc.1 |
37,702 | |
|
306 |
WSFS Financial Corp. |
24,541 | |
|
|
|
|
493,388 |
|
|
Biotechnology — 8.3% | ||
|
2,581 |
4D Molecular Therapeutics, Inc.1 |
26,275 | |
|
15,390 |
Allogene Therapeutics, Inc.1 |
28,933 | |
|
1,035 |
CareDx, Inc.1 |
45,240 | |
|
3,807 |
Emergent BioSolutions, Inc.1 |
27,486 | |
|
7,100 |
Ironwood Pharmaceuticals, Inc.1 |
30,033 | |
|
3,300 |
Kura Oncology, Inc.1 |
29,733 | |
|
7,522 |
MiMedx Group, Inc.1 |
31,066 | |
|
4,929 |
Myriad Genetics, Inc.1 |
14,097 | |
|
3,231 |
Prothena Corp. PLC1 |
26,236 | |
|
11,683 |
Recursion Pharmaceuticals, Inc. Class A1,2 |
35,049 | |
|
3,251 |
Rocket Pharmaceuticals, Inc.1,2 |
10,111 | |
|
2,301 |
Sarepta Therapeutics, Inc.1 |
34,193 | |
|
3,340 |
Vir Biotechnology, Inc.1 |
28,924 | |
|
|
|
|
367,376 |
|
|
Broadline Retail — 0.6% | ||
|
1,480 |
Kohl’s Corp. |
28,327 | |
|
|
Building Products — 1.1% | ||
|
544 |
Gibraltar Industries, Inc.1 |
22,989 | |
|
1,600 |
Hayward Holdings, Inc.1 |
24,208 | |
|
|
|
|
47,197 |
|
|
|
13 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Capital Markets — 1.3% | ||
|
400 |
Marex Group Ltd. |
$25,968 | |
|
1,616 |
WisdomTree, Inc. |
31,302 | |
|
|
|
|
57,270 |
|
|
Chemicals — 1.5% | ||
|
354 |
Minerals Technologies, Inc. |
26,989 | |
|
5,800 |
Orion SA |
39,150 | |
|
|
|
|
66,139 |
|
|
Commercial Services & Supplies — 2.9% | ||
|
5,370 |
ACCO Brands Corp. |
22,661 | |
|
289 |
Brink’s Co. |
34,232 | |
|
683 |
Interface, Inc. |
23,400 | |
|
679 |
OPENLANE, Inc.1 |
26,997 | |
|
1,313 |
Pitney Bowes, Inc. |
23,017 | |
|
|
|
|
130,307 |
|
|
Communications Equipment — 0.7% | ||
|
728 |
NetScout Systems, Inc.1 |
29,608 | |
|
|
Consumer Finance — 2.1% | ||
|
1,789 |
EZCORP, Inc. Class A1,2 |
53,259 | |
|
1,142 |
Happen, Inc.1 |
21,858 | |
|
415 |
PROG Holdings, Inc. |
18,268 | |
|
|
|
|
93,385 |
|
|
Containers & Packaging — 0.5% | ||
|
4,385 |
Ardagh Metal Packaging SA |
20,741 | |
|
|
Diversified Consumer Services — 3.3% | ||
|
4,020 |
Coursera, Inc.1 |
21,346 | |
|
282 |
Covista, Inc.1 |
35,208 | |
|
413 |
Frontdoor, Inc.1 |
29,996 | |
|
720 |
Laureate Education, Inc.1 |
27,583 | |
|
360 |
Strategic Education, Inc. |
29,520 | |
|
|
|
|
143,653 |
|
|
Diversified REITs — 1.4% | ||
|
1,236 |
Broadstone Net Lease, Inc. |
26,463 | |
|
1,263 |
CTO Realty Growth, Inc. |
27,748 | |
|
291 |
Essential Properties Realty Trust, Inc. |
9,105 | |
|
|
|
|
63,316 |
|
|
Diversified Telecommunication Services — 0.5% | ||
|
2,932 |
Liberty Latin America Ltd. Class C1 |
23,661 | |
|
|
Electrical Equipment — 0.7% | ||
|
166 |
EnerSys |
30,884 | |
|
|
Electronic Equipment, Instruments & Components — 3.0% | ||
|
494 |
Benchmark Electronics, Inc. |
39,407 | |
|
286 |
Insight Enterprises, Inc.1 |
36,874 | |
|
182 |
Itron, Inc.1 |
18,138 | |
|
62 |
Plexus Corp.1 |
15,583 | |
|
125 |
Sanmina Corp.1 |
23,195 | |
|
|
|
|
133,197 |
|
|
Energy Equipment & Services — 1.6% | ||
|
3,455 |
Helix Energy Solutions Group, Inc.1 |
32,857 | |
|
|
|
14 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Energy Equipment & Services — (Continued) | ||
|
820 |
Oceaneering International, Inc.1 |
$40,000 | |
|
|
|
|
72,857 |
|
|
Entertainment — 0.7% | ||
|
856 |
Cinemark Holdings, Inc. |
31,321 | |
|
|
Financial Services — 2.8% | ||
|
1,077 |
EVERTEC, Inc. |
32,784 | |
|
3,426 |
Pagseguro Digital Ltd. Class A |
33,027 | |
|
2,154 |
Payoneer Global, Inc.1 |
15,444 | |
|
1,455 |
StoneCo Ltd. Class A |
16,551 | |
|
3,951 |
Western Union Co.2 |
25,128 | |
|
|
|
|
122,934 |
|
|
Food Products — 0.3% | ||
|
1,102 |
Dole PLC |
15,582 | |
|
|
Gas Utilities — 1.1% | ||
|
420 |
Northwest Natural Holding Co. |
20,547 | |
|
391 |
ONE Gas, Inc. |
30,361 | |
|
|
|
|
50,908 |
|
|
Health Care Equipment & Supplies — 2.8% | ||
|
1,910 |
Integra LifeSciences Holdings Corp.1 |
31,802 | |
|
676 |
Omnicell, Inc.1 |
23,910 | |
|
2,003 |
Tandem Diabetes Care, Inc.1 |
39,058 | |
|
2,506 |
Varex Imaging Corp.1,2 |
28,042 | |
|
|
|
|
122,812 |
|
|
Health Care Providers & Services — 3.0% | ||
|
988 |
AMN Healthcare Services, Inc.1 |
33,226 | |
|
995 |
Castle Biosciences, Inc.1 |
27,860 | |
|
1,149 |
Pediatrix Medical Group, Inc.1 |
30,460 | |
|
1,367 |
Progyny, Inc.1 |
42,555 | |
|
|
|
|
134,101 |
|
|
Health Care Technology — 0.6% | ||
|
4,174 |
Teladoc Health, Inc.1 |
28,008 | |
|
|
Hotel & Resort REITs — 1.2% | ||
|
2,171 |
DiamondRock Hospitality Co. |
28,744 | |
|
2,201 |
Sunstone Hotel Investors, Inc. |
25,906 | |
|
|
|
|
54,650 |
|
|
Household Durables — 0.7% | ||
|
303 |
La-Z-Boy, Inc. |
11,932 | |
|
1,975 |
Leggett & Platt, Inc. |
19,355 | |
|
|
|
|
31,287 |
|
|
Household Products — 1.2% | ||
|
656 |
Central Garden & Pet Co. Class A1 |
24,869 | |
|
298 |
Spectrum Brands Holdings, Inc. |
26,453 | |
|
|
|
|
51,322 |
|
|
Industrial REITs — 0.2% | ||
|
181 |
STAG Industrial, Inc. |
6,925 | |
|
|
Insurance — 2.0% | ||
|
1,173 |
Hamilton Insurance Group Ltd. Class B |
42,181 | |
|
|
|
15 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Insurance — (Continued) | ||
|
173 |
HCI Group, Inc. |
$30,277 | |
|
282 |
United Fire Group, Inc. |
14,483 | |
|
|
|
|
86,941 |
|
|
Interactive Media & Services — 1.0% | ||
|
620 |
EverQuote, Inc. Class A1 |
15,636 | |
|
1,706 |
QuinStreet, Inc.1 |
26,443 | |
|
|
|
|
42,079 |
|
|
Leisure Equipment & Products — 1.4% | ||
|
1,738 |
Callaway Golf Co.1 |
32,084 | |
|
4,977 |
Peloton Interactive, Inc. Class A1 |
31,803 | |
|
|
|
|
63,887 |
|
|
Life Sciences Tools & Services — 3.4% | ||
|
1,351 |
10X Genomics, Inc. Class A1 |
63,862 | |
|
1,234 |
Azenta, Inc.1 |
34,712 | |
|
1,753 |
Fortrea Holdings, Inc.1 |
33,605 | |
|
2,201 |
Ginkgo Bioworks Holdings, Inc.1 |
17,806 | |
|
|
|
|
149,985 |
|
|
Machinery — 6.7% | ||
|
124 |
Alamo Group, Inc. |
19,725 | |
|
329 |
Astec Industries, Inc. |
16,667 | |
|
412 |
Atmus Filtration Technologies, Inc. |
21,272 | |
|
720 |
Enerpac Tool Group Corp. |
25,733 | |
|
332 |
Gorman-Rupp Co. |
26,955 | |
|
2,813 |
Hillman Solutions Corp.1 |
22,138 | |
|
704 |
Kennametal, Inc. |
23,915 | |
|
1,872 |
Manitowoc Co., Inc.1 |
25,927 | |
|
1,398 |
Mueller Water Products, Inc. Class A |
35,285 | |
|
645 |
Park-Ohio Holdings Corp. |
25,755 | |
|
382 |
Proto Labs, Inc.1 |
28,669 | |
|
406 |
Terex Corp. |
25,513 | |
|
|
|
|
297,554 |
|
|
Metals & Mining — 2.2% | ||
|
266 |
Commercial Metals Co. |
18,279 | |
|
936 |
Compass Minerals International, Inc.1 |
27,462 | |
|
1,783 |
Constellium SE1 |
49,532 | |
|
|
|
|
95,273 |
|
|
Multi-Utilities — 0.8% | ||
|
436 |
Avista Corp. |
17,636 | |
|
310 |
Unitil Corp. |
16,722 | |
|
|
|
|
34,358 |
|
|
Office REITs — 0.6% | ||
|
1,126 |
Postal Realty Trust, Inc. Class A |
25,943 | |
|
|
Oil, Gas & Consumable Fuels — 5.6% | ||
|
180 |
California Resources Corp. |
9,472 | |
|
2,122 |
Diversified Energy Co. |
28,562 | |
|
635 |
Excelerate Energy, Inc. Class A |
24,936 | |
|
2,057 |
Green Plains, Inc.1 |
34,660 | |
|
1,000 |
Navigator Holdings Ltd. |
22,350 | |
|
550 |
Par Pacific Holdings, Inc.1 |
47,317 | |
|
521 |
PBF Energy, Inc. Class A |
37,658 | |
|
|
|
16 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Oil, Gas & Consumable Fuels — (Continued) | ||
|
1,061 |
World Kinect Corp. |
$42,291 | |
|
|
|
|
247,246 |
|
|
Pharmaceuticals — 2.6% | ||
|
883 |
Collegium Pharmaceutical, Inc.1 |
31,249 | |
|
815 |
Harmony Biosciences Holdings, Inc.1 |
28,721 | |
|
1,325 |
Pacira BioSciences, Inc.1 |
34,993 | |
|
1,840 |
Perrigo Co. PLC2 |
18,603 | |
|
|
|
|
113,566 |
|
|
Professional Services — 0.8% | ||
|
412 |
ExlService Holdings, Inc.1 |
13,979 | |
|
255 |
Korn Ferry |
20,979 | |
|
|
|
|
34,958 |
|
|
Real Estate Management & Development — 0.7% | ||
|
2,276 |
Cushman & Wakefield Ltd.1 |
30,544 | |
|
|
Retail REITs — 1.2% | ||
|
773 |
InvenTrust Properties Corp. |
27,372 | |
|
562 |
Phillips Edison & Co., Inc. |
23,879 | |
|
|
|
|
51,251 |
|
|
Semiconductors & Semiconductor Equipment — 0.8% | ||
|
1,100 |
Photronics, Inc.1 |
33,319 | |
|
|
Software — 7.2% | ||
|
1,201 |
A10 Networks, Inc. |
35,514 | |
|
1,363 |
Five9, Inc.1 |
37,496 | |
|
2,800 |
Freshworks, Inc. Class A1 |
31,794 | |
|
1,018 |
OneSpan, Inc. |
15,759 | |
|
2,100 |
Pagaya Technologies Ltd. Class A1,2 |
40,467 | |
|
3,720 |
PagerDuty, Inc.1 |
39,358 | |
|
5,522 |
Sprinklr, Inc. Class A1 |
35,120 | |
|
876 |
Teradata Corp.1 |
27,147 | |
|
374 |
Workiva, Inc.1 |
22,365 | |
|
5,844 |
Yext, Inc.1 |
31,908 | |
|
|
|
|
316,928 |
|
|
Specialized REITs — 1.1% | ||
|
1,244 |
Four Corners Property Trust, Inc. |
31,846 | |
|
519 |
Outfront Media, Inc. |
16,541 | |
|
|
|
|
48,387 |
|
|
Specialty Retail — 1.3% | ||
|
222 |
Abercrombie & Fitch Co. Class A1 |
22,098 | |
|
239 |
Advance Auto Parts, Inc.2 |
13,274 | |
|
1,317 |
American Eagle Outfitters, Inc. |
22,626 | |
|
|
|
|
57,998 |
|
|
Technology Hardware, Storage & Peripherals — 0.3% | ||
|
179 |
Diebold Nixdorf, Inc.1 |
13,173 | |
|
|
Textiles, Apparel & Luxury Goods — 0.5% | ||
|
633 |
G-III Apparel Group Ltd. |
23,048 | |
|
|
Water Utilities — 1.0% | ||
|
530 |
California Water Service Group |
26,558 | |
|
|
|
17 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Water Utilities — (Continued) | ||
|
293 |
H2O America |
$17,970 | |
|
|
|
|
44,528 |
|
|
TOTAL COMMON STOCKS
(Cost $3,497,617) |
4,399,731 | |
|
RIGHTS* — 0.0% | |||
|
|
Biotechnology — 0.0% | ||
|
1,505 |
Sage Therapeutics, Inc.1,3 |
271 | |
|
|
TOTAL RIGHTS
(Cost $0) |
271 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.3% | |||
|
$11,316 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $11,317, due
8/3/26, (collateralized by a U.S. Treasury Note with a par value of $11,600, coupon rate of 3.375%, due
2/29/28, market value of $11,690) |
11,316 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $11,316) |
11,316 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 2.9% | |||
|
129,710 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%4 |
129,710 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $129,710) |
129,710 | |
|
TOTAL INVESTMENTS
(Cost $3,638,643) |
102.8
% |
$4,541,028 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(2.8
) |
(124,990
) | |
|
NET ASSETS |
100.0
% |
$4,416,038 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
2
|
Securities or partial securities on loan. |
|
3
|
For fair value measurement disclosure purposes, security is categorized as Level 3 (See Note 1 of the Notes to Financial Statements). |
|
4
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
18 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 98.2% | |||
|
|
Japan — 20.8% | ||
|
54,200 |
Aisin Corp. |
$757,448 | |
|
153,700 |
Asahi Kasei Corp. |
1,663,984 | |
|
17,400 |
Asics Corp. |
519,906 | |
|
99,800 |
Astellas Pharma, Inc. |
1,381,224 | |
|
15,200 |
Canon, Inc. |
423,026 | |
|
33,800 |
Daifuku Co. Ltd. |
1,271,019 | |
|
30,900 |
KDDI Corp. |
567,291 | |
|
14,600 |
Komatsu Ltd.1 |
641,793 | |
|
6,700 |
Lasertec Corp. |
1,596,411 | |
|
71,000 |
Mitsubishi Heavy Industries Ltd. |
1,679,671 | |
|
197,000 |
Nomura Holdings, Inc. |
1,882,028 | |
|
57,000 |
Obayashi Corp. |
1,133,516 | |
|
35,200 |
Ono Pharmaceutical Co. Ltd. |
527,430 | |
|
49,200 |
Otsuka Corp. |
1,012,418 | |
|
55,800 |
Panasonic Holdings Corp. |
1,502,449 | |
|
20,100 |
Recruit Holdings Co. Ltd. |
1,585,462 | |
|
35,100 |
Renesas Electronics Corp. |
759,336 | |
|
101,800 |
Sanrio Co. Ltd.1 |
814,182 | |
|
76,700 |
SBI Holdings, Inc. |
1,464,533 | |
|
31,500 |
Shionogi & Co. Ltd. |
575,832 | |
|
32,100 |
Shiseido Co. Ltd. |
636,331 | |
|
36,900 |
Sony Group Corp. |
878,290 | |
|
56,300 |
Sumitomo Corp. |
590,937 | |
|
|
|
|
23,864,517 |
|
|
Canada — 13.1% | ||
|
4,298 |
Agnico Eagle Mines Ltd. |
623,981 | |
|
9,100 |
Bank of Montreal |
1,632,398 | |
|
17,400 |
Bank of Nova Scotia |
1,526,325 | |
|
27,300 |
Barrick Mining Corp. |
1,001,951 | |
|
13,900 |
Canadian Imperial Bank of Commerce |
1,646,364 | |
|
32,900 |
Cenovus Energy, Inc. |
992,034 | |
|
23,600 |
Magna International, Inc. |
1,618,507 | |
|
30,600 |
Manulife Financial Corp. |
1,359,030 | |
|
12,800 |
Nutrien Ltd. |
883,495 | |
|
14,500 |
Rogers Communications, Inc. Class B |
490,901 | |
|
22,929 |
Suncor Energy, Inc. |
1,539,777 | |
|
14,300 |
Toronto-Dominion Bank |
1,714,144 | |
|
|
|
|
15,028,907 |
|
|
United Kingdom — 12.2% | ||
|
10,900 |
Admiral Group PLC |
554,125 | |
|
11,200 |
British American Tobacco PLC1 |
689,833 | |
|
16,300 |
Bunzl PLC |
615,553 | |
|
128,600 |
CK Hutchison Holdings Ltd. |
1,206,896 | |
|
52,800 |
GSK PLC |
1,374,479 | |
|
49,800 |
HSBC Holdings PLC |
1,057,779 | |
|
34,300 |
Imperial Brands PLC |
1,305,937 | |
|
248,500 |
Kingfisher PLC |
1,033,551 | |
|
61,118 |
NatWest Group PLC |
581,380 | |
|
2,700 |
Next PLC |
540,199 | |
|
105,600 |
Pearson PLC |
1,788,993 | |
|
59,000 |
Sage Group PLC1 |
773,862 | |
|
61,900 |
Smith & Nephew PLC1 |
966,488 | |
|
917,100 |
Vodafone Group PLC |
1,456,652 | |
|
|
|
|
13,945,727 |
|
|
|
19 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Germany — 7.9% | ||
|
3,300 |
Allianz SE |
$1,645,833 | |
|
9,400 |
BASF SE |
546,316 | |
|
25,300 |
Deutsche Post AG |
1,685,130 | |
|
31,900 |
Fresenius Medical Care AG |
1,635,115 | |
|
10,700 |
GEA Group AG |
760,681 | |
|
1,800 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
1,083,915 | |
|
9,600 |
SAP SE |
1,745,555 | |
|
|
|
|
9,102,545 |
|
|
Spain — 7.1% | ||
|
10,531 |
ACS Actividades de Construccion y Servicios SA |
1,339,463 | |
|
64,800 |
Banco Bilbao Vizcaya Argentaria SA |
1,808,324 | |
|
66,500 |
Banco Santander SA |
944,599 | |
|
119,100 |
CaixaBank SA |
1,725,679 | |
|
50,800 |
Naturgy Energy Group SA |
1,696,477 | |
|
22,100 |
Repsol SA |
672,284 | |
|
|
|
|
8,186,826 |
|
|
Italy — 6.6% | ||
|
14,200 |
Coca-Cola HBC AG Class DI |
958,817 | |
|
49,900 |
Eni SpA |
1,379,861 | |
|
236,100 |
Intesa Sanpaolo SpA |
1,780,300 | |
|
144,500 |
Italgas SpA |
1,490,673 | |
|
22,500 |
Leonardo SpA |
1,430,136 | |
|
3,500 |
Prysmian SpA |
485,130 | |
|
|
|
|
7,524,917 |
|
|
France — 6.2% | ||
|
14,400 |
BNP Paribas SA |
1,820,944 | |
|
14,600 |
Carrefour SA |
268,281 | |
|
5,800 |
Eiffage SA |
824,329 | |
|
8,900 |
Ipsen SA |
1,715,979 | |
|
3,695 |
Publicis Groupe SA |
394,644 | |
|
12,800 |
TotalEnergies SE |
1,127,984 | |
|
6,500 |
Vinci SA |
918,570 | |
|
|
|
|
7,070,731 |
|
|
United States — 3.8% | ||
|
115,500 |
Haleon PLC |
565,532 | |
|
3,500 |
Novartis AG |
548,086 | |
|
18,000 |
Sanofi SA |
1,545,751 | |
|
36,300 |
Shell PLC |
1,655,321 | |
|
|
|
|
4,314,690 |
|
|
Hong Kong — 3.6% | ||
|
220,700 |
CK Asset Holdings Ltd. |
1,346,308 | |
|
13,500 |
Hong Kong Exchanges & Clearing Ltd. |
703,369 | |
|
78,100 |
Sun Hung Kai Properties Ltd. |
1,226,910 | |
|
804,300 |
WH Group Ltd.2 |
866,614 | |
|
|
|
|
4,143,201 |
|
|
Netherlands — 3.3% | ||
|
1,300 |
ASM International NV1 |
1,201,075 | |
|
1,010 |
ASML Holding NV |
1,670,386 | |
|
4,900 |
Euronext NV1,2 |
896,159 | |
|
|
|
|
3,767,620 |
|
|
|
20 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Australia — 3.2% | ||
|
55,600 |
Computershare Ltd. |
$1,601,693 | |
|
95,300 |
QBE Insurance Group Ltd. |
1,658,341 | |
|
17,400 |
Woodside Energy Group Ltd.1 |
403,424 | |
|
|
|
|
3,663,458 |
|
|
Switzerland — 3.1% | ||
|
15,900 |
ABB Ltd. |
1,563,941 | |
|
14,400 |
Logitech International SA |
1,461,998 | |
|
680 |
Zurich Insurance Group AG |
517,959 | |
|
|
|
|
3,543,898 |
|
|
Sweden — 2.2% | ||
|
30,600 |
Boliden AB |
1,532,217 | |
|
25,000 |
Volvo AB Class B |
956,449 | |
|
|
|
|
2,488,666 |
|
|
Ireland — 1.0% | ||
|
99,600 |
AIB Group PLC |
1,177,825 | |
|
|
China — 1.0% | ||
|
166,335 |
BOC Hong Kong Holdings Ltd. |
1,107,147 | |
|
|
Brazil — 1.0% | ||
|
23,200 |
Yara International ASA |
1,093,478 | |
|
|
Belgium — 0.9% | ||
|
4,200 |
UCB SA |
1,079,556 | |
|
|
Israel — 0.7% | ||
|
77,000 |
Israel Discount Bank Ltd. Class A |
805,143 | |
|
|
Denmark — 0.5% | ||
|
3,900 |
Carlsberg AS Class B |
575,313 | |
|
|
Finland — 0.0% | ||
|
43 |
Wartsila OYJ Abp |
1,455 | |
|
|
TOTAL COMMON STOCKS
(Cost $94,111,159) |
112,485,620 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT*—1.3% | |||
|
$1,496,705 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$1,496,837, due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $1,524,700, coupon
rate of 3.375%, due 2/29/28, market value of $1,526,837) |
1,496,705 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $1,496,705) |
1,496,705 | |
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 4.6% | |||
|
5,301,771 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%3 |
5,301,771 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $5,301,771) |
5,301,771 | |
|
|
|
21 |
|
|
|
Face
Amount |
|
|
Value |
|
TOTAL INVESTMENTS
(Cost $100,909,635) |
104.1
% |
$119,284,096 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(4.1
) |
(4,721,631
) | |
|
NET ASSETS |
100.0
% |
$114,562,465 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Securities or partial securities on loan. |
|
2
|
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in
transactions exempt from registration, normally to qualified buyers. At July 31, 2026, these securities, which are not illiquid,
amounted to $1,762,773 or 1.5% of net assets for the Fund. |
|
3
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
22 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.8% | |||
|
|
Banks — 24.6% | ||
|
4,863 |
Bank OZK |
$249,472 | |
|
4,234 |
Citizens Financial Group, Inc. |
303,366 | |
|
8,205 |
Columbia Banking System, Inc. |
256,570 | |
|
10,223 |
First Horizon Corp. |
262,118 | |
|
15,886 |
FNB Corp. |
300,245 | |
|
13,000 |
KeyCorp |
293,670 | |
|
1,185 |
M&T Bank Corp. |
291,854 | |
|
2,538 |
Pinnacle Financial Partners, Inc. |
267,074 | |
|
1,903 |
Popular, Inc. |
333,424 | |
|
8,926 |
Regions Financial Corp. |
276,260 | |
|
4,526 |
U.S. Bancorp |
285,183 | |
|
3,799 |
Webster Financial Corp. |
293,359 | |
|
3,700 |
Zions Bancorp NA |
257,890 | |
|
|
|
|
3,670,485 |
|
|
Building Products — 1.6% | ||
|
659 |
Carlisle Cos., Inc. |
237,187 | |
|
|
Chemicals — 4.1% | ||
|
13,320 |
Dow, Inc. |
403,463 | |
|
1,519 |
DuPont de Nemours, Inc. |
208,103 | |
|
|
|
|
611,566 |
|
|
Commercial Services & Supplies — 1.8% | ||
|
1,308 |
Republic Services, Inc. |
275,399 | |
|
|
Communications Equipment — 6.3% | ||
|
3,969 |
Cisco Systems, Inc. |
460,364 | |
|
1,178 |
F5, Inc.1 |
474,228 | |
|
|
|
|
934,592 |
|
|
Containers & Packaging — 2.0% | ||
|
27,440 |
Graphic Packaging Holding Co. |
294,431 | |
|
|
Electric Utilities — 8.5% | ||
|
4,174 |
Alliant Energy Corp. |
295,435 | |
|
4,478 |
Edison International |
328,551 | |
|
19,000 |
PG&E Corp. |
330,220 | |
|
3,026 |
Pinnacle West Capital Corp. |
305,596 | |
|
|
|
|
1,259,802 |
|
|
Electrical Equipment — 2.0% | ||
|
6,475 |
Sensata Technologies Holding PLC |
299,728 | |
|
|
Electronic Equipment, Instruments & Components — 3.6% | ||
|
4,664 |
Flex Ltd.1 |
530,530 | |
|
|
Financial Services — 1.9% | ||
|
2,816 |
Voya Financial, Inc. |
279,995 | |
|
|
Independent Power & Renewable Electricity Producers — 3.3% | ||
|
19,565 |
AES Corp. |
287,214 | |
|
6,500 |
Clearway Energy, Inc. Class C |
206,245 | |
|
|
|
|
493,459 |
|
|
Industrial REITs — 1.7% | ||
|
1,742 |
Prologis, Inc. |
251,911 | |
|
|
IT Services — 5.2% | ||
|
3,475 |
Akamai Technologies, Inc.1 |
400,251 | |
|
|
|
23 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
IT Services — (Continued) | ||
|
3,616 |
Cognizant Technology Solutions Corp. Class A |
$200,146 | |
|
15,839 |
DXC Technology Co.1 |
178,030 | |
|
|
|
|
778,427 |
|
|
Machinery — 4.1% | ||
|
2,233 |
Allison Transmission Holdings, Inc. |
255,768 | |
|
2,000 |
Graco, Inc. |
158,760 | |
|
3,028 |
Pentair PLC |
198,152 | |
|
|
|
|
612,680 |
|
|
Metals & Mining — 2.1% | ||
|
6,957 |
Alcoa Corp. |
314,874 | |
|
|
Oil, Gas & Consumable Fuels — 5.6% | ||
|
4,586 |
HF Sinclair Corp. |
419,481 | |
|
1,310 |
Valero Energy Corp. |
409,899 | |
|
|
|
|
829,380 |
|
|
Professional Services — 1.2% | ||
|
4,969 |
KBR, Inc. |
181,915 | |
|
|
Residential REITs — 3.0% | ||
|
1,170 |
AvalonBay Communities, Inc. |
217,164 | |
|
808 |
Essex Property Trust, Inc. |
229,585 | |
|
|
|
|
446,749 |
|
|
Semiconductors & Semiconductor Equipment — 6.5% | ||
|
2,503 |
Cirrus Logic, Inc.1 |
323,763 | |
|
7,067 |
Intel Corp.1 |
637,444 | |
|
|
|
|
961,207 |
|
|
Software — 3.5% | ||
|
975 |
Salesforce, Inc. |
179,420 | |
|
11,067 |
Teradata Corp.1 |
342,966 | |
|
|
|
|
522,386 |
|
|
Specialized REITs — 2.4% | ||
|
1,171 |
American Tower Corp. |
203,005 | |
|
150 |
Equinix, Inc. |
152,892 | |
|
|
|
|
355,897 |
|
|
Technology Hardware, Storage & Peripherals — 4.8% | ||
|
15,076 |
Hewlett Packard Enterprise Co. |
722,140 | |
|
|
TOTAL COMMON STOCKS
(Cost $11,388,262) |
14,864,740 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.5% | |||
|
$64,748 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $64,754,
due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $66,000, coupon rate of 3.375%, due
2/29/28, market value of $66,133) |
64,748 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $64,748) |
64,748 | |
|
|
|
24 |
|
|
|
Face
Amount |
|
|
Value |
|
TOTAL INVESTMENTS
(Cost $11,453,010) |
100.3
% |
$14,929,488 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(0.3
) |
(38,846
) | |
|
NET ASSETS |
100.0
% |
$14,890,642 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
|
|
25 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.4% | |||
|
|
Banks — 4.5% | ||
|
3,054 |
Truist Financial Corp. |
$158,319 | |
|
|
Building Products — 4.1% | ||
|
1,035 |
Owens Corning |
143,762 | |
|
|
Capital Markets — 3.7% | ||
|
831 |
Virtus Investment Partners, Inc. |
132,420 | |
|
|
Chemicals — 4.8% | ||
|
2,237 |
Minerals Technologies, Inc. |
170,549 | |
|
|
Construction & Engineering — 4.0% | ||
|
176 |
EMCOR Group, Inc. |
140,348 | |
|
|
Distributors — 2.7% | ||
|
4,343 |
LKQ Corp. |
97,500 | |
|
|
Electrical Equipment — 3.2% | ||
|
617 |
EnerSys |
114,793 | |
|
|
Financial Services — 3.6% | ||
|
1,779 |
Euronet Worldwide, Inc.1 |
126,896 | |
|
|
Food Products — 3.3% | ||
|
4,558 |
Smithfield Foods, Inc. |
118,690 | |
|
|
Health Care Equipment & Supplies — 4.0% | ||
|
1,791 |
Globus Medical, Inc. Class A1 |
141,113 | |
|
|
Health Care Providers & Services — 4.2% | ||
|
1,732 |
Henry Schein, Inc.1 |
148,519 | |
|
|
Hotels, Restaurants & Leisure — 4.7% | ||
|
3,744 |
MGM Resorts International1 |
166,870 | |
|
|
Insurance — 3.8% | ||
|
424 |
RenaissanceRe Holdings Ltd. |
135,672 | |
|
|
Interactive Media & Service — 3.7% | ||
|
3,621 |
Cargurus, Inc.1 |
131,225 | |
|
|
IT Services — 4.0% | ||
|
1,005 |
Okta, Inc.1 |
142,640 | |
|
|
Leisure Equipment & Products — 4.3% | ||
|
3,102 |
YETI Holdings, Inc.1 |
151,812 | |
|
|
Multi-Utilities — 3.5% | ||
|
1,769 |
Black Hills Corp. |
125,970 | |
|
|
Oil, Gas & Consumable Fuels — 5.9% | ||
|
5,254 |
World Kinect Corp. |
209,424 | |
|
|
Pharmaceuticals — 3.8% | ||
|
3,023 |
Supernus Pharmaceuticals, Inc.1 |
134,917 | |
|
|
Professional Services — 3.6% | ||
|
255 |
CACI International, Inc. Class A1 |
126,926 | |
|
|
Retail REITs — 4.8% | ||
|
4,786 |
InvenTrust Properties Corp. |
169,472 | |
|
|
Software — 11.4% | ||
|
4,460 |
Braze, Inc. Class A1,2 |
111,143 | |
|
3,177 |
Dynatrace, Inc.1 |
140,805 | |
|
|
|
26 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Software — (Continued) | ||
|
1,585 |
Zoom Communications, Inc.1 |
$152,271 | |
|
|
|
|
404,219 |
|
|
Trading Companies & Distributors — 3.8% | ||
|
396 |
WESCO International, Inc. |
136,022 | |
|
|
TOTAL COMMON STOCKS
(Cost $3,216,361) |
3,528,078 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 1.1% | |||
|
$39,864 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $39,868, due
8/3/26, (collateralized by a U.S. Treasury Note with a par value of $40,700, coupon rate of 3.375%, due
2/29/28, market value of $40,847) |
39,864 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $39,864) |
39,864 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 3.2% | |||
|
114,845 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%3 |
114,845 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $114,845) |
114,845 | |
|
TOTAL INVESTMENTS
(Cost $3,371,070) |
103.7
% |
$3,682,787 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(3.7
) |
(131,254
) | |
|
NET ASSETS |
100.0
% |
$3,551,533 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
2
|
Securities or partial securities on loan. |
|
3
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
27 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 93.4% | |||
|
|
Aerospace & Defense — 0.5% | ||
|
700 |
General Electric Co.1 |
$252,049 | |
|
|
Air Freight & Logistics — 0.7% | ||
|
1,120 |
FedEx Corp. |
344,288 | |
|
|
Automobile Components — 1.9% | ||
|
7,360 |
Aptiv PLC2 |
415,619 | |
|
7,080 |
BorgWarner, Inc. |
451,279 | |
|
|
|
|
866,898 |
|
|
Automobiles — 1.0% | ||
|
5,320 |
General Motors Co. |
472,735 | |
|
|
Banks — 2.1% | ||
|
1,640 |
Citigroup, Inc. |
217,218 | |
|
4,680 |
Hancock Whitney Corp. |
360,360 | |
|
12,380 |
Regions Financial Corp. |
383,161 | |
|
|
|
|
960,739 |
|
|
Beverages — 1.5% | ||
|
1,280 |
Boston Beer Co., Inc. Class A2 |
234,496 | |
|
4,820 |
Monster Beverage Corp.2 |
464,552 | |
|
|
|
|
699,048 |
|
|
Biotechnology — 2.5% | ||
|
7,580 |
BioMarin Pharmaceutical, Inc.2 |
454,952 | |
|
2,160 |
Incyte Corp.2 |
258,163 | |
|
8,200 |
Moderna, Inc.2 |
449,524 | |
|
|
|
|
1,162,639 |
|
|
Broadline Retail — 1.9% | ||
|
7,820 |
eBay, Inc. |
891,558 | |
|
|
Capital Markets — 3.6% | ||
|
1,940 |
CME Group, Inc.1 |
519,513 | |
|
2,780 |
Intercontinental Exchange, Inc.1 |
423,894 | |
|
4,560 |
Nasdaq, Inc.1 |
429,506 | |
|
2,820 |
SEI Investments Co.1 |
290,404 | |
|
|
|
|
1,663,317 |
|
|
Chemicals — 1.6% | ||
|
4,460 |
Corteva, Inc. |
351,047 | |
|
3,780 |
PPG Industries, Inc. |
417,765 | |
|
|
|
|
768,812 |
|
|
Commercial Services & Supplies — 0.9% | ||
|
12,800 |
Tetra Tech, Inc. |
424,448 | |
|
|
Construction & Engineering — 1.4% | ||
|
5,980 |
AECOM1 |
432,892 | |
|
260 |
EMCOR Group, Inc.1 |
207,332 | |
|
|
|
|
640,224 |
|
|
Diversified Consumer Services — 0.4% | ||
|
39,100 |
Coursera, Inc.2 |
207,621 | |
|
|
Diversified Telecommunication Services — 0.8% | ||
|
16,020 |
AT&T, Inc. |
372,465 | |
|
|
|
28 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Electric Utilities — 1.8% | ||
|
8,180 |
Edison International |
$600,167 | |
|
3,100 |
Eversource Energy |
221,929 | |
|
|
|
|
822,096 |
|
|
Electrical Equipment — 2.8% | ||
|
1,280 |
Acuity, Inc. |
420,339 | |
|
2,790 |
EnerSys1 |
519,080 | |
|
8,200 |
Sensata Technologies Holding PLC1 |
379,578 | |
|
|
|
|
1,318,997 |
|
|
Electronic Equipment, Instruments & Components — 3.0% | ||
|
4,910 |
Amphenol Corp. Class A |
789,037 | |
|
3,352 |
Sanmina Corp.2 |
621,997 | |
|
|
|
|
1,411,034 |
|
|
Energy Equipment & Services — 1.0% | ||
|
23,100 |
NOV, Inc. |
448,833 | |
|
|
Entertainment — 0.4% | ||
|
2,380 |
Netflix, Inc.2 |
170,670 | |
|
|
Financial Services — 7.6% | ||
|
5,940 |
Block, Inc.1,2 |
482,566 | |
|
700 |
Corpay, Inc.1,2 |
267,477 | |
|
5,160 |
Global Payments, Inc.1 |
433,853 | |
|
1,600 |
Jack Henry & Associates, Inc.3 |
246,464 | |
|
820 |
Mastercard, Inc. Class A1 |
469,942 | |
|
7,340 |
PayPal Holdings, Inc.1 |
419,921 | |
|
18,920 |
Radian Group, Inc.1 |
737,691 | |
|
1,340 |
Visa, Inc. Class A1 |
490,614 | |
|
|
|
|
3,548,528 |
|
|
Food Products — 0.6% | ||
|
20,380 |
Dole PLC |
288,173 | |
|
|
Gas Utilities — 0.5% | ||
|
3,760 |
New Jersey Resources Corp. |
217,666 | |
|
|
Ground Transportation — 0.2% | ||
|
560 |
Fedex Freight Holding Co., Inc.2 |
78,697 | |
|
|
Health Care Equipment & Supplies — 1.8% | ||
|
20,100 |
Envista Holdings Corp.2 |
548,931 | |
|
3,300 |
Merit Medical Systems, Inc.2 |
280,533 | |
|
|
|
|
829,464 |
|
|
Health Care Providers & Services — 1.4% | ||
|
14,340 |
Alignment Healthcare, Inc.2 |
212,949 | |
|
7,320 |
Centene Corp.2 |
455,450 | |
|
|
|
|
668,399 |
|
|
Hotels, Restaurants & Leisure — 2.9% | ||
|
2,200 |
Airbnb, Inc. Class A2 |
333,344 | |
|
9,460 |
Aramark |
538,936 | |
|
1,680 |
Expedia Group, Inc. |
495,163 | |
|
|
|
|
1,367,443 |
|
|
Household Products — 0.9% | ||
|
2,380 |
Colgate-Palmolive Co. |
217,294 | |
|
|
|
29 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Household Products — (Continued) | ||
|
1,380 |
Procter & Gamble Co. |
$199,396 | |
|
|
|
|
416,690 |
|
|
Industrial REITs — 0.9% | ||
|
10,660 |
STAG Industrial, Inc. |
407,852 | |
|
|
Insurance — 2.9% | ||
|
1,260 |
Aon PLC Class A |
454,293 | |
|
2,360 |
Marsh & McLennan Cos., Inc. |
447,668 | |
|
1,400 |
Willis Towers Watson PLC |
470,288 | |
|
|
|
|
1,372,249 |
|
|
Interactive Media & Services — 1.7% | ||
|
11,960 |
Match Group, Inc. |
471,344 | |
|
620 |
Meta Platforms, Inc. Class A |
345,160 | |
|
|
|
|
816,504 |
|
|
IT Services — 1.9% | ||
|
8,800 |
Amdocs Ltd. |
490,336 | |
|
7,580 |
Cognizant Technology Solutions Corp. Class A |
419,553 | |
|
|
|
|
909,889 |
|
|
Life Sciences Tools & Services — 0.6% | ||
|
1,200 |
IQVIA Holdings, Inc.2 |
282,024 | |
|
|
Machinery — 3.0% | ||
|
28,720 |
Gates Industrial Corp. Ltd.1,2 |
803,585 | |
|
9,080 |
Mueller Industries, Inc.1 |
603,003 | |
|
|
|
|
1,406,588 |
|
|
Media — 2.8% | ||
|
9,400 |
Fox Corp. Class A |
547,362 | |
|
4,440 |
New York Times Co. Class A |
332,512 | |
|
16,060 |
News Corp. Class A |
442,613 | |
|
|
|
|
1,322,487 |
|
|
Multi-Utilities — 1.8% | ||
|
5,440 |
Avista Corp. |
220,048 | |
|
13,720 |
NiSource, Inc. |
609,580 | |
|
|
|
|
829,628 |
|
|
Oil, Gas & Consumable Fuels — 2.9% | ||
|
9,720 |
Devon Energy Corp. |
438,664 | |
|
3,620 |
HF Sinclair Corp. |
331,121 | |
|
15,140 |
World Kinect Corp. |
603,480 | |
|
|
|
|
1,373,265 |
|
|
Passenger Airlines — 1.0% | ||
|
5,440 |
Delta Air Lines, Inc. |
475,674 | |
|
|
Personal Care Products — 0.6% | ||
|
2,240 |
Interparfums, Inc. |
278,992 | |
|
|
Pharmaceuticals — 1.3% | ||
|
22,540 |
Elanco Animal Health, Inc.2 |
594,380 | |
|
|
Professional Services — 3.3% | ||
|
16,420 |
Genpact Ltd. |
577,492 | |
|
3,880 |
Jacobs Solutions, Inc. |
523,528 | |
|
2,940 |
Korn Ferry |
241,874 | |
|
|
|
30 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Professional Services — (Continued) | ||
|
1,720 |
Leidos Holdings, Inc. |
$198,832 | |
|
|
|
|
1,541,726 |
|
|
Real Estate Management & Development — 1.6% | ||
|
2,040 |
Jones Lang LaSalle, Inc.2 |
724,261 | |
|
|
Retail REITs — 1.8% | ||
|
13,840 |
Brixmor Property Group, Inc. |
436,098 | |
|
15,900 |
Kimco Realty Corp. |
405,132 | |
|
|
|
|
841,230 |
|
|
Semiconductors & Semiconductor Equipment — 5.7% | ||
|
1,238 |
Applied Materials, Inc. |
628,496 | |
|
2,010 |
Lam Research Corp. |
588,970 | |
|
6,780 |
ON Semiconductor Corp.2 |
553,316 | |
|
15,080 |
Photronics, Inc.2 |
456,773 | |
|
7,140 |
Skyworks Solutions, Inc. |
444,679 | |
|
|
|
|
2,672,234 |
|
|
Software — 5.2% | ||
|
1,720 |
Adobe, Inc.2 |
430,705 | |
|
10,180 |
BlackLine, Inc.2 |
319,652 | |
|
9,100 |
Docusign, Inc.2 |
498,953 | |
|
45,520 |
Freshworks, Inc. Class A2 |
516,880 | |
|
2,500 |
Salesforce, Inc. |
460,050 | |
|
7,040 |
Teradata Corp.2 |
218,170 | |
|
|
|
|
2,444,410 |
|
|
Specialized REITs — 1.9% | ||
|
8,940 |
Gaming & Leisure Properties, Inc. |
400,423 | |
|
19,340 |
VICI Properties, Inc. |
509,609 | |
|
|
|
|
910,032 |
|
|
Specialty Retail — 1.5% | ||
|
3,680 |
CarMax, Inc.2 |
210,717 | |
|
13,380 |
Gap, Inc. |
268,804 | |
|
2,740 |
Urban Outfitters, Inc.2 |
203,253 | |
|
|
|
|
682,774 |
|
|
Technology Hardware, Storage & Peripherals — 0.9% | ||
|
15,640 |
HP, Inc. |
426,503 | |
|
|
Textiles, Apparel & Luxury Goods — 0.8% | ||
|
3,980 |
Deckers Outdoor Corp.2 |
385,582 | |
|
|
Trading Companies & Distributors — 3.6% | ||
|
10,807 |
Rush Enterprises, Inc. Class A1 |
862,290 | |
|
2,420 |
WESCO International, Inc.1 |
831,246 | |
|
|
|
|
1,693,536 |
|
|
TOTAL COMMON STOCKS
(Cost $34,000,413) |
43,705,351 | |
|
|
|
31 |
|
|
|
Face
Amount |
|
|
Value |
|
REPURCHASE AGREEMENT* — 4.9% | |||
|
$2,268,959 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$2,269,159, due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $2,314,700, coupon
rate of 4.375%, due 7/31/31, market value of $2,314,338) |
$2,268,959 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $2,268,959) |
2,268,959 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 0.5% | |||
|
252,000 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%4 |
252,000 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $252,000) |
252,000 | |
|
TOTAL LONG INVESTMENTS
(Cost $36,521,372) |
98.8
% |
$46,226,310 | |
|
COMMON STOCKS SOLD SHORT* — (63.7)% | |||
|
|
Aerospace & Defense — (4.4)% | ||
|
(660
) |
Axon Enterprise, Inc.2 |
(348,322
) | |
|
(3,020
) |
Boeing Co.2 |
(652,743
) | |
|
(1,420
) |
FTAI Aviation Ltd. |
(292,520
) | |
|
(560
) |
Northrop Grumman Corp. |
(303,789
) | |
|
(380
) |
TransDigm Group, Inc. |
(476,664
) | |
|
|
|
|
(2,074,038
) |
|
|
Automobile Components — (0.3)% | ||
|
(28,800
) |
QuantumScape Corp.2 |
(150,336
) | |
|
|
Automobiles — (0.9)% | ||
|
(1,420
) |
Tesla, Inc.2 |
(441,918
) | |
|
|
Banks — (1.1)% | ||
|
(1,340
) |
Nicolet Bankshares, Inc. |
(229,033
) | |
|
(14,980
) |
TFS Financial Corp. |
(275,782
) | |
|
|
|
|
(504,815
) |
|
|
Beverages — (0.5)% | ||
|
(7,520
) |
Brown-Forman Corp. Class A |
(219,734
) | |
|
|
Building Products — (1.6)% | ||
|
(840
) |
Lennox International, Inc. |
(349,339
) | |
|
(5,440
) |
Louisiana-Pacific Corp. |
(394,019
) | |
|
|
|
|
(743,358
) |
|
|
Capital Markets — (4.0)% | ||
|
(1,720
) |
Blackstone, Inc. |
(219,730
) | |
|
(2,340
) |
Coinbase Global, Inc. Class A2 |
(342,248
) | |
|
(1,540
) |
Houlihan Lokey, Inc. |
(193,255
) | |
|
(3,100
) |
KKR & Co., Inc. |
(314,433
) | |
|
(1,090
) |
S&P Global, Inc. |
(449,004
) | |
|
(7,800
) |
TPG, Inc. |
(340,548
) | |
|
|
|
|
(1,859,218
) |
|
|
Commercial Services & Supplies — (1.8)% | ||
|
(4,320
) |
Casella Waste Systems, Inc. Class A2 |
(387,547
) | |
|
(1,960
) |
Waste Management, Inc. |
(444,038
) | |
|
|
|
|
(831,585
) |
|
|
|
32 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Communications Equipment — (0.5)% | ||
|
(3,200
) |
Viasat, Inc.2 |
$(246,176
) | |
|
|
Consumer Finance — (1.7)% | ||
|
(2,030
) |
Capital One Financial Corp. |
(424,291
) | |
|
(2,660
) |
Nelnet, Inc. Class A |
(361,414
) | |
|
|
|
|
(785,705
) |
|
|
Consumer Staples Distribution & Retail — (1.4)% | ||
|
(3,680
) |
Walmart, Inc. |
(409,216
) | |
|
(2,960
) |
Weis Markets, Inc. |
(228,068
) | |
|
|
|
|
(637,284
) |
|
|
Diversified Consumer Services — (1.0)% | ||
|
(4,920
) |
Liberty Live Holdings, Inc. Class C2 |
(485,112
) | |
|
|
Diversified Telecommunication Services — (0.2)% | ||
|
(8,080
) |
Cogent Communications Holdings, Inc. |
(109,080
) | |
|
|
Electric Utilities — (2.1)% | ||
|
(1,560
) |
IDACORP, Inc. |
(222,940
) | |
|
(4,940
) |
MGE Energy, Inc. |
(392,878
) | |
|
(4,140
) |
NextEra Energy, Inc. |
(359,849
) | |
|
|
|
|
(975,667
) |
|
|
Electronic Equipment, Instruments & Components — (1.9)% | ||
|
(1,560
) |
Bel Fuse, Inc. Class B |
(424,273
) | |
|
(527
) |
Coherent Corp.2 |
(138,543
) | |
|
(2,200
) |
Novanta, Inc.2 |
(313,610
) | |
|
|
|
|
(876,426
) |
|
|
Energy Equipment & Services — (0.8)% | ||
|
(3,220
) |
Kodiak Gas Services, Inc. |
(189,046
) | |
|
(2,700
) |
Tidewater, Inc.2 |
(202,662
) | |
|
|
|
|
(391,708
) |
|
|
Entertainment — (2.0)% | ||
|
(4,380
) |
Atlanta Braves Holdings, Inc. Class C2 |
(222,635
) | |
|
(1,200
) |
Madison Square Garden Sports Corp.2 |
(472,416
) | |
|
(6,100
) |
ROBLOX Corp. Class A2 |
(217,160
) | |
|
|
|
|
(912,211
) |
|
|
Financial Services — (2.3)% | ||
|
(2,660
) |
Affirm Holdings, Inc.2 |
(190,217
) | |
|
(840
) |
Berkshire Hathaway, Inc. Class B2 |
(429,693
) | |
|
(26,500
) |
Rocket Cos., Inc. Class A2 |
(341,850
) | |
|
(63,860
) |
UWM Holdings Corp. |
(116,225
) | |
|
|
|
|
(1,077,985
) |
|
|
Food Products — (1.4)% | ||
|
(1,140
) |
Hershey Co. |
(199,557
) | |
|
(2,080
) |
J.M. Smucker Co. |
(248,061
) | |
|
(3,560
) |
Mondelez International, Inc. Class A |
(221,823
) | |
|
|
|
|
(669,441
) |
|
|
Ground Transportation — (1.2)% | ||
|
(1,460
) |
Avis Budget Group, Inc.2 |
(200,662
) | |
|
(980
) |
Saia, Inc.2 |
(340,678
) | |
|
|
|
|
(541,340
) |
|
|
|
33 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Health Care Equipment & Supplies — (1.0)% | ||
|
(9,700
) |
Boston Scientific Corp.2 |
$(453,281
) | |
|
|
Health Care Providers & Services — (0.5)% | ||
|
(3,540
) |
RadNet, Inc.2 |
(225,781
) | |
|
|
Health Care REITs — (0.4)% | ||
|
(3,660
) |
Alexandria Real Estate Equities, Inc. |
(188,307
) | |
|
|
Hotels, Restaurants & Leisure — (2.5)% | ||
|
(2,480
) |
DoorDash, Inc. Class A2 |
(486,477
) | |
|
(9,520
) |
Papa John’s International, Inc. |
(284,648
) | |
|
(1,300
) |
Royal Caribbean Cruises Ltd. |
(413,790
) | |
|
|
|
|
(1,184,915
) |
|
|
Household Durables — (0.6)% | ||
|
(4,740
) |
LGI Homes, Inc.2 |
(258,662
) | |
|
|
Household Products — (0.9)% | ||
|
(4,480
) |
Clorox Co. |
(427,974
) | |
|
|
Independent Power & Renewable Electricity Producer — (0.7)% | ||
|
(3,180
) |
Ormat Technologies, Inc. |
(310,304
) | |
|
|
Insurance — (2.6)% | ||
|
(1,800
) |
Aflac, Inc. |
(229,464
) | |
|
(1,010
) |
Kinsale Capital Group, Inc. |
(359,984
) | |
|
(3,340
) |
Lemonade, Inc.2 |
(161,355
) | |
|
(5,300
) |
Old Republic International Corp. |
(229,013
) | |
|
(3,040
) |
W.R. Berkley Corp. |
(220,522
) | |
|
|
|
|
(1,200,338
) |
|
|
IT Services — (0.5)% | ||
|
(813
) |
Cloudflare, Inc. Class A2 |
(226,811
) | |
|
|
Life Sciences Tools & Services — (0.9)% | ||
|
(310
) |
Mettler-Toledo International, Inc.2 |
(439,053
) | |
|
|
Machinery — (0.9)% | ||
|
(740
) |
Deere & Co. |
(438,576
) | |
|
|
Media — (1.0)% | ||
|
(3,300
) |
EchoStar Corp. Class A2 |
(277,497
) | |
|
(3,600
) |
Fox Corp. Class B |
(186,984
) | |
|
|
|
|
(464,481
) |
|
|
Metals & Mining — (1.2)% | ||
|
(5,100
) |
Century Aluminum Co.2 |
(228,327
) | |
|
(24,980
) |
Hecla Mining Co. |
(352,718
) | |
|
|
|
|
(581,045
) |
|
|
Mortgage REITs — (0.8)% | ||
|
(24,000
) |
Starwood Property Trust, Inc. |
(383,520
) | |
|
|
Office REITs — (0.8)% | ||
|
(7,100
) |
SL Green Realty Corp. |
(375,803
) | |
|
|
Oil, Gas & Consumable Fuels — (1.0)% | ||
|
(560
) |
Texas Pacific Land Corp. |
(225,445
) | |
|
(22,880
) |
Uranium Energy Corp.2 |
(219,648
) | |
|
|
|
|
(445,093
) |
|
|
|
34 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Passenger Airlines — (0.3)% | ||
|
(20,760
) |
Joby Aviation, Inc.2 |
$(148,434
) | |
|
|
Pharmaceuticals — (0.9)% | ||
|
(1,840
) |
Axsome Therapeutics, Inc.2 |
(401,102
) | |
|
|
Professional Services — (1.2)% | ||
|
(1,100
) |
Equifax, Inc. |
(189,882
) | |
|
(510
) |
Mobility Global, Inc.2 |
(10,394
) | |
|
(1,880
) |
Verisk Analytics, Inc. |
(366,318
) | |
|
|
|
|
(566,594
) |
|
|
Real Estate Management & Development — (0.7)% | ||
|
(30,300
) |
Compass, Inc. Class A2 |
(345,117
) | |
|
|
Residential REITs — (0.5)% | ||
|
(12,740
) |
Independence Realty Trust, Inc. |
(211,866
) | |
|
|
Semiconductors & Semiconductor Equipment — (1.6)% | ||
|
(3,020
) |
Impinj, Inc.2 |
(457,107
) | |
|
(520
) |
SiTime Corp.2 |
(278,304
) | |
|
|
|
|
(735,411
) |
|
|
Software — (3.4)% | ||
|
(26,233
) |
Cleanspark, Inc.2 |
(360,966
) | |
|
(8,320
) |
Core Scientific, Inc.2 |
(172,390
) | |
|
(1,200
) |
Crowdstrike Holdings, Inc. Class A2 |
(229,032
) | |
|
(220
) |
Fair Isaac Corp.2 |
(247,053
) | |
|
(2,140
) |
Hut 8 Corp.2 |
(230,328
) | |
|
(16,820
) |
Riot Platforms, Inc.2 |
(339,260
) | |
|
|
|
|
(1,579,029
) |
|
|
Specialized REITs — (3.3)% | ||
|
(2,200
) |
American Tower Corp. |
(381,392
) | |
|
(4,500
) |
Crown Castle, Inc. |
(343,350
) | |
|
(1,200
) |
Public Storage |
(389,004
) | |
|
(18,100
) |
Weyerhaeuser Co. |
(453,043
) | |
|
|
|
|
(1,566,789
) |
|
|
Specialty Retail — (2.2)% | ||
|
(120
) |
AutoZone, Inc.2 |
(361,950
) | |
|
(4,720
) |
Floor & Decor Holdings, Inc. Class A2 |
(271,730
) | |
|
(2,480
) |
RH2 |
(410,490
) | |
|
|
|
|
(1,044,170
) |
|
|
Textiles, Apparel & Luxury Goods — (0.4)% | ||
|
(5,540
) |
Oxford Industries, Inc. |
(210,077
) | |
|
|
Trading Companies & Distributors — (0.6)% | ||
|
(940
) |
Watsco, Inc. |
(290,742
) | |
|
|
Water Utilities — (0.8)% | ||
|
(2,940
) |
American Water Works Co., Inc. |
(394,460
) | |
|
|
Wireless Telecommunication Services — (0.4)% | ||
|
(980
) |
T-Mobile U.S., Inc. |
(169,256
) | |
|
|
TOTAL COMMON STOCKS SOLD SHORT
(Proceeds $(34,613,784)) |
(29,800,128
) | |
|
TOTAL SHORT INVESTMENTS
(Proceeds $(34,613,784)) |
(63.7
)% |
$(29,800,128
) | |
|
|
|
35 |
|
|
|
Shares |
|
|
Value |
|
NET INVESTMENTS
(Net Cost $1,907,588) |
35.1
% |
$16,426,182 | |
|
OTHER ASSETS IN EXCESS OF LIABILITIES |
64.9 |
30,355,619 | |
|
NET ASSETS |
100.0
% |
$46,781,801 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
All or portion of security pledged as collateral for securities sold short. The total market value of collateral is $6,413,789. |
|
2
|
Non income-producing security. |
|
3
|
Securities or partial securities on loan. |
|
4
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
36 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 128.2% | |||
|
|
Air Freight & Logistics — 1.1% | ||
|
880 |
FedEx Corp.1 |
$270,512 | |
|
|
Automobiles — 3.3% | ||
|
31,920 |
Ford Motor Co.1 |
468,586 | |
|
4,040 |
General Motors Co.1 |
358,994 | |
|
|
|
|
827,580 |
|
|
Banks — 3.2% | ||
|
2,860 |
Citizens Financial Group, Inc.1 |
204,919 | |
|
7,180 |
First Hawaiian, Inc. |
199,532 | |
|
12,752 |
Regions Financial Corp. |
394,675 | |
|
|
|
|
799,126 |
|
|
Biotechnology — 4.1% | ||
|
5,562 |
BioMarin Pharmaceutical, Inc.2 |
333,831 | |
|
5,792 |
Incyte Corp.2 |
692,260 | |
|
|
|
|
1,026,091 |
|
|
Broadline Retail — 2.7% | ||
|
4,514 |
eBay, Inc.1 |
514,641 | |
|
6,147 |
Macy’s, Inc. |
152,569 | |
|
|
|
|
667,210 |
|
|
Capital Markets — 3.7% | ||
|
1,565 |
CME Group, Inc.1 |
419,091 | |
|
2,260 |
Intercontinental Exchange, Inc.1 |
344,605 | |
|
1,580 |
Nasdaq, Inc. |
148,820 | |
|
|
|
|
912,516 |
|
|
Chemicals — 2.4% | ||
|
2,023 |
Corteva, Inc.1 |
159,230 | |
|
2,281 |
DuPont de Nemours, Inc.1 |
312,497 | |
|
1,660 |
Minerals Technologies, Inc. |
126,559 | |
|
|
|
|
598,286 |
|
|
Communications Equipment — 5.7% | ||
|
6,114 |
Cisco Systems, Inc.1 |
709,163 | |
|
1,780 |
F5, Inc.2 |
716,574 | |
|
|
|
|
1,425,737 |
|
|
Construction & Engineering — 1.3% | ||
|
4,458 |
AECOM1 |
322,715 | |
|
|
Consumer Staples Distribution & Retail — 0.9% | ||
|
2,513 |
Sysco Corp.1 |
214,208 | |
|
|
Containers & Packaging — 0.6% | ||
|
1,327 |
Crown Holdings, Inc. |
156,387 | |
|
|
Electric Utilities — 2.3% | ||
|
3,600 |
Edison International1 |
264,132 | |
|
4,267 |
Eversource Energy1 |
305,475 | |
|
|
|
|
569,607 |
|
|
Electrical Equipment — 1.2% | ||
|
6,340 |
Sensata Technologies Holding PLC |
293,479 | |
|
|
Electronic Equipment, Instruments & Components — 3.8% | ||
|
1,896 |
Amphenol Corp. Class A1 |
304,687 | |
|
3,603 |
Flex Ltd.1,2 |
409,841 | |
|
|
|
37 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Electronic Equipment, Instruments & Components — (Continued) | ||
|
1,240 |
Sanmina Corp.2 |
$230,095 | |
|
|
|
|
944,623 |
|
|
Entertainment — 1.2% | ||
|
3,100 |
Walt Disney Co.1 |
298,189 | |
|
|
Financial Services — 8.0% | ||
|
800 |
Corpay, Inc.2 |
305,688 | |
|
601 |
Mastercard, Inc. Class A1 |
344,433 | |
|
13,985 |
NMI Holdings, Inc.2 |
619,535 | |
|
4,520 |
PayPal Holdings, Inc.1 |
258,589 | |
|
20,748 |
StoneCo Ltd. Class A3 |
236,009 | |
|
623 |
Visa, Inc. Class A1 |
228,099 | |
|
|
|
|
1,992,353 |
|
|
Food Products — 1.4% | ||
|
12,910 |
Smithfield Foods, Inc.1 |
336,176 | |
|
|
Health Care Equipment & Supplies — 3.2% | ||
|
15,990 |
Envista Holdings Corp.2 |
436,687 | |
|
4,056 |
Merit Medical Systems, Inc.2 |
344,800 | |
|
|
|
|
781,487 |
|
|
Health Care Providers & Services — 1.4% | ||
|
14,686 |
Alignment Healthcare, Inc.2 |
218,087 | |
|
2,033 |
BrightSpring Health Services, Inc.2 |
121,391 | |
|
|
|
|
339,478 |
|
|
Hotels, Restaurants & Leisure — 5.2% | ||
|
1,800 |
Airbnb, Inc. Class A1,2 |
272,736 | |
|
4,500 |
Aramark1 |
256,365 | |
|
24,051 |
Brightstar Lottery PLC1 |
241,472 | |
|
1,122 |
Expedia Group, Inc.1 |
330,698 | |
|
3,740 |
Las Vegas Sands Corp.1 |
182,849 | |
|
|
|
|
1,284,120 |
|
|
Household Products — 1.7% | ||
|
4,267 |
Central Garden & Pet Co. Class A2 |
161,762 | |
|
2,513 |
Church & Dwight Co., Inc.1 |
248,310 | |
|
|
|
|
410,072 |
|
|
Industrial REITs — 1.0% | ||
|
6,779 |
STAG Industrial, Inc.1 |
259,365 | |
|
|
Insurance — 3.5% | ||
|
1,596 |
American International Group, Inc.1 |
125,414 | |
|
611 |
Aon PLC Class A1 |
220,296 | |
|
474 |
Travelers Cos., Inc.1 |
177,446 | |
|
1,063 |
Willis Towers Watson PLC1 |
357,083 | |
|
|
|
|
880,239 |
|
|
Interactive Media & Services — 5.0% | ||
|
1,817 |
Alphabet, Inc. Class A1 |
647,088 | |
|
9,718 |
Match Group, Inc. |
382,986 | |
|
363 |
Meta Platforms, Inc. Class A1 |
202,086 | |
|
|
|
|
1,232,160 |
|
|
IT Services — 3.8% | ||
|
4,282 |
Akamai Technologies, Inc.2 |
493,201 | |
|
|
|
38 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
IT Services — (Continued) | ||
|
2,300 |
Amdocs Ltd. |
$128,156 | |
|
2,307 |
Okta, Inc.2 |
327,432 | |
|
|
|
|
948,789 |
|
|
Leisure Equipment & Products — 0.6% | ||
|
1,628 |
Hasbro, Inc.1 |
152,934 | |
|
|
Life Sciences Tools & Services — 0.8% | ||
|
4,180 |
10X Genomics, Inc. Class A2 |
197,589 | |
|
|
Machinery — 6.0% | ||
|
16,023 |
Gates Industrial Corp. Ltd.2 |
448,323 | |
|
4,700 |
Mueller Water Products, Inc. Class A |
118,628 | |
|
3,871 |
Terex Corp.1 |
243,254 | |
|
2,291 |
Westinghouse Air Brake Technologies Corp.1 |
666,360 | |
|
|
|
|
1,476,565 |
|
|
Marine Transportation — 1.0% | ||
|
15,107 |
Costamare, Inc. |
235,367 | |
|
|
Media — 3.3% | ||
|
3,980 |
Fox Corp. Class A |
231,755 | |
|
2,181 |
New York Times Co. Class A |
163,335 | |
|
5,357 |
Omnicom Group, Inc. |
421,596 | |
|
|
|
|
816,686 |
|
|
Oil, Gas & Consumable Fuels — 5.9% | ||
|
15,486 |
APA Corp.3 |
577,938 | |
|
7,000 |
Devon Energy Corp. |
315,910 | |
|
4,420 |
HF Sinclair Corp. |
404,297 | |
|
5,060 |
SM Energy Co. |
164,551 | |
|
|
|
|
1,462,696 |
|
|
Pharmaceuticals — 1.8% | ||
|
3,603 |
Bristol-Myers Squibb Co.1 |
235,312 | |
|
10,619 |
Innoviva, Inc.2 |
222,680 | |
|
|
|
|
457,992 |
|
|
Professional Services — 2.7% | ||
|
11,931 |
Genpact Ltd. |
419,613 | |
|
1,540 |
Korn Ferry1 |
126,696 | |
|
1,720 |
SS&C Technologies Holdings, Inc.1 |
132,526 | |
|
|
|
|
678,835 |
|
|
Real Estate Management & Development — 3.1% | ||
|
2,386 |
CBRE Group, Inc. Class A1,2 |
350,289 | |
|
1,208 |
Jones Lang LaSalle, Inc.2 |
428,876 | |
|
|
|
|
779,165 |
|
|
Retail REITs — 0.6% | ||
|
4,741 |
Brixmor Property Group, Inc.1 |
149,389 | |
|
|
Semiconductors & Semiconductor Equipment — 14.3% | ||
|
1,280 |
Applied Materials, Inc. |
649,817 | |
|
3,239 |
Cirrus Logic, Inc.2 |
418,965 | |
|
2,180 |
Diodes, Inc.2 |
179,458 | |
|
1,680 |
KLA Corp. |
307,138 | |
|
2,248 |
Lam Research Corp. |
658,709 | |
|
4,535 |
ON Semiconductor Corp.2 |
370,101 | |
|
|
|
39 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Semiconductors & Semiconductor Equipment — (Continued) | ||
|
5,480 |
Skyworks Solutions, Inc. |
$341,294 | |
|
1,100 |
Texas Instruments, Inc.1 |
303,314 | |
|
3,900 |
Universal Display Corp.3 |
312,624 | |
|
|
|
|
3,541,420 |
|
|
Software — 7.6% | ||
|
1,340 |
Adobe, Inc.1,2 |
335,549 | |
|
14,269 |
Box, Inc. Class A2 |
450,187 | |
|
29,000 |
Freshworks, Inc. Class A2 |
329,295 | |
|
3,334 |
ServiceNow, Inc.1,2 |
370,841 | |
|
11,346 |
UiPath, Inc. Class A2,3 |
144,775 | |
|
2,655 |
Zoom Communications, Inc.1,2 |
255,066 | |
|
|
|
|
1,885,713 |
|
|
Specialized REITs — 0.7% | ||
|
6,384 |
VICI Properties, Inc.1 |
168,218 | |
|
|
Specialty Retail — 3.3% | ||
|
2,133 |
Five Below, Inc.2 |
463,138 | |
|
11,395 |
Gap, Inc. |
228,926 | |
|
540 |
Ross Stores, Inc.1 |
135,578 | |
|
|
|
|
827,642 |
|
|
Textiles, Apparel & Luxury Goods — 2.2% | ||
|
1,086 |
Deckers Outdoor Corp.1,2 |
105,212 | |
|
691 |
Ralph Lauren Corp. |
262,815 | |
|
1,201 |
Tapestry, Inc.1 |
182,996 | |
|
|
|
|
551,023 |
|
|
Trading Companies & Distributors — 2.6% | ||
|
1,865 |
WESCO International, Inc.1 |
640,609 | |
|
|
TOTAL COMMON STOCKS
(Cost $22,921,920) |
31,812,348 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.1% | |||
|
$21,732 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $21,734,
due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $22,200, coupon rate of 3.375%,
due 2/29/28, market value of $22,293) |
21,732 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $21,732) |
21,732 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 5.2% | |||
|
1,285,104 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%4 |
1,285,104 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $1,285,104) |
1,285,104 | |
|
TOTAL LONG INVESTMENTS
(Cost $24,228,756) |
133.5
% |
$33,119,184 | |
|
COMMON STOCKS SOLD SHORT* — (28.3)% | |||
|
|
Aerospace & Defense — (1.1)% | ||
|
(520
) |
AeroVironment, Inc.2 |
(77,672
) | |
|
|
|
40 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Aerospace & Defense — (Continued) | ||
|
(126
) |
Axon Enterprise, Inc.2 |
$(66,498
) | |
|
(95
) |
TransDigm Group, Inc. |
(119,166
) | |
|
|
|
|
(263,336
) |
|
|
Automobile Components — (0.5)% | ||
|
(880
) |
Dorman Products, Inc.2 |
(117,181
) | |
|
|
Beverages — (0.3)% | ||
|
(3,160
) |
Primo Brands Corp. |
(71,732
) | |
|
|
Building Products — (1.0)% | ||
|
(822
) |
Builders FirstSource, Inc.2 |
(54,614
) | |
|
(1,343
) |
Carrier Global Corp. |
(83,011
) | |
|
(158
) |
Lennox International, Inc. |
(65,709
) | |
|
(948
) |
Trex Co., Inc.2 |
(41,105
) | |
|
|
|
|
(244,439
) |
|
|
Capital Markets — (2.5)% | ||
|
(569
) |
ARES Management Corp. Class A |
(72,883
) | |
|
(672
) |
Blackstone, Inc. |
(85,848
) | |
|
(316
) |
Coinbase Global, Inc. Class A2 |
(46,218
) | |
|
(553
) |
Houlihan Lokey, Inc. |
(69,396
) | |
|
(869
) |
KKR & Co., Inc. |
(88,143
) | |
|
(600
) |
PJT Partners, Inc. Class A |
(100,986
) | |
|
(200
) |
S&P Global, Inc. |
(82,386
) | |
|
(1,722
) |
TPG, Inc. |
(75,182
) | |
|
|
|
|
(621,042
) |
|
|
Commercial Services & Supplies — (0.7)% | ||
|
(758
) |
Casella Waste Systems, Inc. Class A2 |
(68,000
) | |
|
(474
) |
Waste Management, Inc. |
(107,385
) | |
|
|
|
|
(175,385
) |
|
|
Communications Equipment — (0.4)% | ||
|
(1,300
) |
Viasat, Inc.2 |
(100,009
) | |
|
|
Consumer Finance — (0.7)% | ||
|
(316
) |
Capital One Financial Corp. |
(66,047
) | |
|
(760
) |
Nelnet, Inc. Class A |
(103,261
) | |
|
|
|
|
(169,308
) |
|
|
Consumer Staples Distribution & Retail — (0.3)% | ||
|
(720
) |
Walmart, Inc. |
(80,064
) | |
|
|
Containers & Packaging — (0.4)% | ||
|
(2,576
) |
International Paper Co. |
(105,178
) | |
|
|
Diversified Consumer Services — (0.4)% | ||
|
(996
) |
Liberty Live Holdings, Inc. Class C2 |
(98,206
) | |
|
|
Diversified Telecommunication Services — (0.1)% | ||
|
(1,675
) |
Cogent Communications Holdings, Inc. |
(22,612
) | |
|
|
Electronic Equipment, Instruments & Components — (1.2)% | ||
|
(300
) |
Coherent Corp.2 |
(78,867
) | |
|
(1,480
) |
nLight, Inc.2 |
(101,824
) | |
|
(869
) |
Novanta, Inc.2 |
(123,876
) | |
|
|
|
|
(304,567
) |
|
|
|
41 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Entertainment — (0.7)% | ||
|
(260
) |
Madison Square Garden Sports Corp.2 |
$(102,357
) | |
|
(2,320
) |
ROBLOX Corp. Class A2 |
(82,592
) | |
|
|
|
|
(184,949
) |
|
|
Financial Services — (1.3)% | ||
|
(160
) |
Berkshire Hathaway, Inc. Class B2 |
(81,846
) | |
|
(711
) |
Federal Agricultural Mortgage Corp. Class C |
(161,824
) | |
|
(6,100
) |
Rocket Cos., Inc. Class A2 |
(78,690
) | |
|
|
|
|
(322,360
) |
|
|
Food Products — (0.4)% | ||
|
(1,600
) |
Mondelez International, Inc. Class A |
(99,696
) | |
|
|
Ground Transportation — (0.7)% | ||
|
(253
) |
Saia, Inc.2 |
(87,950
) | |
|
(280
) |
Union Pacific Corp. |
(81,797
) | |
|
|
|
|
(169,747
) |
|
|
Hotels, Restaurants & Leisure — (2.9)% | ||
|
(822
) |
Cava Group, Inc.2 |
(53,619
) | |
|
(632
) |
Hyatt Hotels Corp. Class A |
(110,006
) | |
|
(360
) |
McDonald’s Corp. |
(97,430
) | |
|
(4,109
) |
Norwegian Cruise Line Holdings Ltd.2 |
(76,140
) | |
|
(1,485
) |
Papa John’s International, Inc. |
(44,402
) | |
|
(221
) |
Royal Caribbean Cruises Ltd. |
(70,344
) | |
|
(1,896
) |
Six Flags Entertainment Corp.2 |
(32,858
) | |
|
(1,106
) |
Starbucks Corp. |
(116,406
) | |
|
(553
) |
Texas Roadhouse, Inc. |
(113,608
) | |
|
|
|
|
(714,813
) |
|
|
Household Durables — (0.6)% | ||
|
(1,122
) |
LGI Homes, Inc.2 |
(61,228
) | |
|
(1,400
) |
Somnigroup International, Inc. |
(91,462
) | |
|
|
|
|
(152,690
) |
|
|
Household Products — (0.4)% | ||
|
(1,000
) |
Clorox Co. |
(95,530
) | |
|
|
Independent Power & Renewable Electricity Producer — (0.3)% | ||
|
(637
) |
Ormat Technologies, Inc. |
(62,158
) | |
|
|
Insurance — (1.4)% | ||
|
(600
) |
Aflac, Inc. |
(76,488
) | |
|
(221
) |
Kinsale Capital Group, Inc. |
(78,769
) | |
|
(1,840
) |
Lemonade, Inc.2 |
(88,890
) | |
|
(1,300
) |
W.R. Berkley Corp. |
(94,302
) | |
|
|
|
|
(338,449
) |
|
|
IT Services — (0.8)% | ||
|
(316
) |
Cloudflare, Inc. Class A2 |
(88,158
) | |
|
(395
) |
VeriSign, Inc. |
(114,558
) | |
|
|
|
|
(202,716
) |
|
|
Leisure Equipment & Products — (0.3)% | ||
|
(840
) |
Acushnet Holdings Corp. |
(85,067
) | |
|
|
Machinery — (0.4)% | ||
|
(180
) |
Deere & Co. |
(106,681
) | |
|
|
|
42 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS SOLD SHORT* — (Continued) | |||
|
|
Media — (0.4)% | ||
|
(3,050
) |
News Corp. Class B |
$(95,373
) | |
|
|
Metals & Mining — (0.3)% | ||
|
(569
) |
Alpha Metallurgical Resources, Inc.2 |
(78,044
) | |
|
|
Office REITs — (0.7)% | ||
|
(5,673
) |
JBG SMITH Properties |
(79,705
) | |
|
(1,533
) |
SL Green Realty Corp. |
(81,142
) | |
|
|
|
|
(160,847
) |
|
|
Oil, Gas & Consumable Fuels — (1.3)% | ||
|
(350
) |
Diamondback Energy, Inc. |
(71,033
) | |
|
(680
) |
DT Midstream, Inc.2 |
(93,840
) | |
|
(6,800
) |
Uranium Energy Corp.2 |
(65,280
) | |
|
(1,260
) |
Williams Cos., Inc. |
(90,140
) | |
|
|
|
|
(320,293
) |
|
|
Professional Services — (0.0)% | ||
|
(200
) |
Mobility Global, Inc.2 |
(4,076
) | |
|
|
Residential REITs — (0.0)% | ||
|
(4,424
) |
Elme Communities |
(7,123
) | |
|
|
Retail REITs — (0.6)% | ||
|
(5,641
) |
Macerich Co. |
(145,763
) | |
|
|
Software — (1.3)% | ||
|
(5,920
) |
Cleanspark, Inc.2 |
(81,459
) | |
|
(2,212
) |
PAR Technology Corp.2 |
(37,493
) | |
|
(5,215
) |
Riot Platforms, Inc.2 |
(105,187
) | |
|
(253
) |
Synopsys, Inc.2 |
(98,356
) | |
|
|
|
|
(322,495
) |
|
|
Specialized REITs — (0.8)% | ||
|
(316
) |
Public Storage |
(102,438
) | |
|
(4,109
) |
Weyerhaeuser Co. |
(102,848
) | |
|
|
|
|
(205,286
) |
|
|
Specialty Retail — (1.3)% | ||
|
(32
) |
AutoZone, Inc.2 |
(96,520
) | |
|
(1,105
) |
Carvana Co.2 |
(68,908
) | |
|
(1,201
) |
Floor & Decor Holdings, Inc. Class A2 |
(69,142
) | |
|
(458
) |
RH2 |
(75,808
) | |
|
|
|
|
(310,378
) |
|
|
Textiles, Apparel & Luxury Goods — (0.6)% | ||
|
(1,248
) |
Oxford Industries, Inc. |
(47,324
) | |
|
(14,538
) |
Under Armour, Inc. Class C2 |
(94,352
) | |
|
|
|
|
(141,676
) |
|
|
Trading Companies & Distributors — (0.8)% | ||
|
(126
) |
United Rentals, Inc. |
(135,987
) | |
|
(237
) |
Watsco, Inc. |
(73,304
) | |
|
|
|
|
(209,291
) |
|
|
Water Utilities — (0.4)% | ||
|
(800
) |
American Water Works Co., Inc. |
(107,336
) | |
|
|
TOTAL COMMON STOCKS SOLD SHORT
(Proceeds $(7,936,809)) |
(7,015,896
) | |
|
|
|
43 |
|
|
|
Shares |
|
|
Value |
|
TOTAL SHORT INVESTMENTS
(Proceeds $(7,936,809)) |
(28.3
)% |
$(7,015,896
) | |
|
NET INVESTMENTS
(Net Cost $16,291,947) |
105.2
% |
$26,103,288 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(5.2
) |
(1,286,382
) | |
|
NET ASSETS |
100.0
% |
$24,816,906 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
All or portion of security pledged as collateral for securities sold short. The total market value of collateral is $7,575,670. |
|
2
|
Non income-producing security. |
|
3
|
Securities or partial securities on loan. |
|
4
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
44 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.8% | |||
|
|
Aerospace & Defense — 2.7% | ||
|
12,373 |
RTX Corp. |
$2,662,917 | |
|
|
Banks — 6.3% | ||
|
10,384 |
JPMorgan Chase & Co. |
3,652,987 | |
|
10,156 |
PNC Financial Services Group, Inc. |
2,537,680 | |
|
|
|
|
6,190,667 |
|
|
Beverages — 1.2% | ||
|
8,286 |
PepsiCo, Inc. |
1,156,394 | |
|
|
Broadline Retail — 3.0% | ||
|
10,924 |
Amazon.com, Inc.1 |
2,966,740 | |
|
|
Capital Markets — 3.4% | ||
|
13,741 |
Charles Schwab Corp. |
1,446,103 | |
|
12,446 |
Intercontinental Exchange, Inc. |
1,897,766 | |
|
|
|
|
3,343,869 |
|
|
Chemicals — 1.4% | ||
|
12,443 |
PPG Industries, Inc. |
1,375,200 | |
|
|
Communications Equipment — 4.3% | ||
|
35,944 |
Cisco Systems, Inc. |
4,169,145 | |
|
|
Construction Materials — 2.3% | ||
|
4,357 |
Martin Marietta Materials, Inc. |
2,288,035 | |
|
|
Electrical Equipment — 2.7% | ||
|
10,942 |
AMETEK, Inc. |
2,644,791 | |
|
|
Electronic Equipment, Instruments & Components — 5.1% | ||
|
31,218 |
Amphenol Corp. Class A |
5,016,733 | |
|
|
Financial Services — 6.0% | ||
|
14,810 |
Global Payments, Inc. |
1,245,225 | |
|
8,091 |
Mastercard, Inc. Class A |
4,636,952 | |
|
|
|
|
5,882,177 |
|
|
Ground Transportation — 4.7% | ||
|
12,163 |
Old Dominion Freight Line, Inc. |
2,580,259 | |
|
6,784 |
Union Pacific Corp. |
1,981,810 | |
|
|
|
|
4,562,069 |
|
|
Health Care Equipment & Supplies — 3.3% | ||
|
21,640 |
Abbott Laboratories |
2,287,348 | |
|
2,949 |
Stryker Corp. |
960,489 | |
|
|
|
|
3,247,837 |
|
|
Health Care Providers & Services — 2.4% | ||
|
7,564 |
Labcorp Holdings, Inc. |
2,338,789 | |
|
|
Hotels, Restaurants & Leisure — 6.3% | ||
|
21,047 |
Booking Holdings, Inc. |
4,059,966 | |
|
13,692 |
Yum! Brands, Inc. |
2,098,710 | |
|
|
|
|
6,158,676 |
|
|
Insurance — 1.9% | ||
|
5,437 |
Chubb Ltd. |
1,906,647 | |
|
|
Interactive Media & Service — 7.5% | ||
|
20,514 |
Alphabet, Inc. Class C |
7,316,318 | |
|
|
|
45 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
IT Services — 2.8% | ||
|
13,106 |
Accenture PLC Class A |
$2,174,547 | |
|
4,092 |
Gartner, Inc.1 |
617,974 | |
|
|
|
|
2,792,521 |
|
|
Life Sciences Tools & Services — 5.7% | ||
|
14,527 |
IQVIA Holdings, Inc.1 |
3,414,136 | |
|
3,774 |
Thermo Fisher Scientific, Inc. |
2,167,408 | |
|
|
|
|
5,581,544 |
|
|
Machinery — 3.0% | ||
|
3,046 |
Parker-Hannifin Corp. |
2,974,510 | |
|
|
Oil, Gas & Consumable Fuels — 2.7% | ||
|
13,294 |
Chevron Corp. |
2,616,658 | |
|
|
Pharmaceuticals — 1.4% | ||
|
1,171 |
Eli Lilly & Co. |
1,345,292 | |
|
|
Professional Services — 0.4% | ||
|
2,373 |
Equifax, Inc. |
409,627 | |
|
|
Semiconductors & Semiconductor Equipment — 2.7% | ||
|
9,423 |
Texas Instruments, Inc. |
2,598,298 | |
|
|
Software — 6.1% | ||
|
12,897 |
Microsoft Corp. |
5,993,494 | |
|
|
Specialty Retail — 5.3% | ||
|
3,033 |
Home Depot, Inc. |
1,006,835 | |
|
8,199 |
Ross Stores, Inc. |
2,058,523 | |
|
4,061 |
Ulta Beauty, Inc.1 |
2,082,602 | |
|
|
|
|
5,147,960 |
|
|
Technology Hardware, Storage & Peripherals — 5.2% | ||
|
16,607 |
Apple, Inc. |
5,130,068 | |
|
|
TOTAL COMMON STOCKS
(Cost $32,885,040) |
97,816,976 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.3% | |||
|
$256,323 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $256,345,
due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $261,500, coupon rate of 4.375%,
due 7/31/31, market value of $261,469) |
256,323 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $256,323) |
256,323 | |
|
TOTAL INVESTMENTS
(Cost $33,141,363) |
100.1
% |
$98,073,299 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(0.1
) |
(57,382
) | |
|
NET ASSETS |
100.0
% |
$98,015,917 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
|
|
46 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.3% | |||
|
|
Automobile Components — 1.8% | ||
|
80,254 |
LCI Industries |
$8,214,799 | |
|
99,079 |
Visteon Corp. |
10,357,719 | |
|
|
|
|
18,572,518 |
|
|
Banks — 10.0% | ||
|
274,284 |
Cathay General Bancorp |
17,332,006 | |
|
158,857 |
Enterprise Financial Services Corp. |
10,533,808 | |
|
357,019 |
First Busey Corp. |
11,017,606 | |
|
263,385 |
First Merchants Corp. |
11,362,429 | |
|
888,557 |
FNB Corp. |
16,793,727 | |
|
214,341 |
Hancock Whitney Corp. |
16,504,257 | |
|
741,609 |
Northwest Bancshares, Inc. |
11,672,926 | |
|
484,828 |
OceanFirst Financial Corp. |
9,362,029 | |
|
|
|
|
104,578,788 |
|
|
Biotechnology — 3.5% | ||
|
431,821 |
ACADIA Pharmaceuticals, Inc.1 |
11,171,209 | |
|
316,667 |
Alkermes PLC1 |
15,513,517 | |
|
222,099 |
Vericel Corp.1 |
10,207,670 | |
|
|
|
|
36,892,396 |
|
|
Building Products — 0.9% | ||
|
639,813 |
Hayward Holdings, Inc.1 |
9,680,371 | |
|
|
Capital Markets — 5.1% | ||
|
27,247 |
Evercore, Inc. Class A |
8,734,298 | |
|
240,762 |
Marex Group Ltd. |
15,630,269 | |
|
213,252 |
Stifel Financial Corp. |
17,680,723 | |
|
68,322 |
Virtus Investment Partners, Inc. |
10,887,111 | |
|
|
|
|
52,932,401 |
|
|
Chemicals — 2.1% | ||
|
163,315 |
Ashland, Inc.2 |
11,858,302 | |
|
133,261 |
Minerals Technologies, Inc. |
10,159,819 | |
|
|
|
|
22,018,121 |
|
|
Commercial Services & Supplies — 1.2% | ||
|
100,896 |
Brink’s Co. |
11,951,131 | |
|
|
Communications Equipment — 1.1% | ||
|
394,457 |
Extreme Networks, Inc.1 |
11,888,934 | |
|
|
Construction & Engineering — 4.3% | ||
|
127,977 |
Arcosa, Inc. |
18,582,260 | |
|
38,537 |
Dycom Industries, Inc.1 |
15,456,035 | |
|
442,555 |
WillScot Holdings Corp.2 |
10,745,235 | |
|
|
|
|
44,783,530 |
|
|
Containers & Packaging — 1.9% | ||
|
950,569 |
Graphic Packaging Holding Co. |
10,199,606 | |
|
241,840 |
Silgan Holdings, Inc. |
9,668,763 | |
|
|
|
|
19,868,369 |
|
|
Diversified Consumer Services — 1.6% | ||
|
226,065 |
Frontdoor, Inc.1 |
16,419,101 | |
|
|
Electric Utilities — 0.9% | ||
|
191,387 |
Portland General Electric Co. |
9,441,121 | |
|
|
|
47 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Electrical Equipment — 2.9% | ||
|
82,731 |
EnerSys |
$15,392,102 | |
|
323,658 |
Sensata Technologies Holding PLC |
14,982,129 | |
|
|
|
|
30,374,231 |
|
|
Electronic Equipment, Instruments & Components — 1.2% | ||
|
121,218 |
Itron, Inc.1 |
12,080,586 | |
|
|
Energy Equipment & Services — 0.7% | ||
|
389,877 |
Liberty Energy, Inc. |
7,294,599 | |
|
|
Financial Services — 3.5% | ||
|
141,352 |
Euronet Worldwide, Inc.1 |
10,082,638 | |
|
303,843 |
NCR Atleos Corp.1 |
14,289,737 | |
|
301,201 |
Radian Group, Inc. |
11,743,827 | |
|
|
|
|
36,116,202 |
|
|
Food Products — 0.9% | ||
|
1,279,004 |
Flowers Foods, Inc.2 |
8,978,608 | |
|
|
Gas Utilities — 2.0% | ||
|
175,865 |
New Jersey Resources Corp. |
10,180,825 | |
|
227,552 |
Northwest Natural Holding Co. |
11,131,844 | |
|
|
|
|
21,312,669 |
|
|
Health Care Equipment & Supplies — 10.1% | ||
|
287,401 |
CONMED Corp. |
13,306,666 | |
|
139,295 |
Globus Medical, Inc. Class A1 |
10,975,053 | |
|
180,701 |
Haemonetics Corp.1 |
15,457,164 | |
|
75,961 |
ICU Medical, Inc.1,2 |
12,800,188 | |
|
106,685 |
Integer Holdings Corp.1 |
12,931,289 | |
|
840,194 |
Integra LifeSciences Holdings Corp.1 |
13,989,230 | |
|
1,557,529 |
Neogen Corp.1 |
18,752,649 | |
|
207,075 |
Omnicell, Inc.1 |
7,324,243 | |
|
|
|
|
105,536,482 |
|
|
Health Care Providers & Services — 3.9% | ||
|
149,101 |
HealthEquity, Inc.1 |
15,001,052 | |
|
1,027,172 |
NeoGenomics, Inc.1,2 |
15,705,460 | |
|
438,481 |
Option Care Health, Inc.1 |
10,098,217 | |
|
|
|
|
40,804,729 |
|
|
Hotel & Resort REITs — 1.1% | ||
|
967,413 |
RLJ Lodging Trust |
11,850,809 | |
|
|
Hotels, Restaurants & Leisure — 1.2% | ||
|
140,352 |
Boyd Gaming Corp. |
11,938,341 | |
|
|
Household Durables — 1.0% | ||
|
271,807 |
La-Z-Boy, Inc. |
10,703,760 | |
|
|
Household Products — 0.9% | ||
|
457,251 |
Energizer Holdings, Inc. |
9,588,554 | |
|
|
Industrial REITs — 1.0% | ||
|
260,690 |
STAG Industrial, Inc. |
9,973,999 | |
|
|
Interactive Media & Services — 2.4% | ||
|
327,764 |
Cargurus, Inc.1 |
11,878,168 | |
|
249,691 |
Ziff Davis, Inc.1,2 |
13,253,598 | |
|
|
|
|
25,131,766 |
|
|
|
48 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
IT Services — 2.7% | ||
|
1,081,595 |
DXC Technology Co.1 |
$12,157,128 | |
|
576,315 |
Everforth, Inc.1 |
16,390,399 | |
|
|
|
|
28,547,527 |
|
|
Leisure Equipment & Products — 1.1% | ||
|
235,596 |
YETI Holdings, Inc.1 |
11,530,068 | |
|
|
Machinery — 1.9% | ||
|
269,949 |
Enerpac Tool Group Corp. |
9,647,977 | |
|
99,329 |
Franklin Electric Co., Inc. |
10,401,733 | |
|
|
|
|
20,049,710 |
|
|
Media — 1.0% | ||
|
52,842 |
Nexstar Media Group, Inc. |
10,067,986 | |
|
|
Multi-Utilities — 1.0% | ||
|
144,821 |
Black Hills Corp. |
10,312,703 | |
|
|
Office REITs — 1.0% | ||
|
1,102,919 |
Piedmont Realty Trust, Inc.1 |
10,687,285 | |
|
|
Oil, Gas & Consumable Fuels — 4.1% | ||
|
310,480 |
CNX Resources Corp.1,2 |
11,115,184 | |
|
468,494 |
SM Energy Co. |
15,235,425 | |
|
399,455 |
World Kinect Corp. |
15,922,276 | |
|
|
|
|
42,272,885 |
|
|
Pharmaceuticals — 2.0% | ||
|
211,591 |
Prestige Consumer Healthcare, Inc.1 |
10,626,100 | |
|
217,824 |
Supernus Pharmaceuticals, Inc.1 |
9,721,485 | |
|
|
|
|
20,347,585 |
|
|
Professional Services — 2.6% | ||
|
30,879 |
CACI International, Inc. Class A1 |
15,370,022 | |
|
143,664 |
Korn Ferry |
11,819,238 | |
|
|
|
|
27,189,260 |
|
|
Real Estate Management & Development — 1.0% | ||
|
809,620 |
Cushman & Wakefield Ltd.1 |
10,865,100 | |
|
|
Retail REITs — 1.0% | ||
|
296,962 |
InvenTrust Properties Corp. |
10,515,424 | |
|
|
Semiconductors & Semiconductor Equipment — 1.3% | ||
|
159,232 |
Diodes, Inc.1 |
13,107,978 | |
|
|
Software — 5.9% | ||
|
456,725 |
Braze, Inc. Class A1,2 |
11,381,587 | |
|
494,783 |
Five9, Inc.1 |
13,611,480 | |
|
327,406 |
Progress Software Corp.1 |
13,289,409 | |
|
189,407 |
SPS Commerce, Inc.1 |
13,900,580 | |
|
312,642 |
Teradata Corp.1 |
9,688,776 | |
|
|
|
|
61,871,832 |
|
|
Specialty Retail — 3.4% | ||
|
216,181 |
Academy Sports & Outdoors, Inc.2 |
10,257,789 | |
|
50,310 |
Asbury Automotive Group, Inc.1 |
11,656,827 | |
|
339,379 |
Valvoline, Inc.1 |
13,035,547 | |
|
|
|
|
34,950,163 |
|
|
|
49 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Trading Companies & Distributors — 2.1% | ||
|
135,408 |
Boise Cascade Co. |
$10,342,463 | |
|
32,966 |
WESCO International, Inc. |
11,323,491 | |
|
|
|
|
21,665,954 |
|
|
TOTAL COMMON STOCKS
(Cost $758,403,998) |
1,034,693,576 | |
|
Face
Amount |
|
|
|
|
REPURCHASE AGREEMENT* — 0.5% | |||
|
$5,071,707 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$5,072,155, due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $5,166,300,
coupon rate of 3.375%, due 2/29/28, market value of $5,173,269) |
5,071,707 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $5,071,707) |
5,071,707 | |
|
Shares |
|
|
|
|
INVESTMENT OF SECURITY LENDING COLLATERAL* — 2.6% | |||
|
27,054,171 |
State Street Navigator Securities Lending Government Money Market Portfolio, 3.67%3 |
27,054,171 | |
|
|
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL
(Cost $27,054,171) |
27,054,171 | |
|
TOTAL INVESTMENTS
(Cost $790,529,876) |
102.4
% |
$1,066,819,454 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(2.4
) |
(25,060,181
) | |
|
NET ASSETS |
100.0
% |
$1,041,759,273 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
Non income-producing security. |
|
2
|
Securities or partial securities on loan. |
|
3
|
Represents an investment of securities lending cash collateral. Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
|
|
50 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — 99.5% | |||
|
|
Aerospace & Defense — 3.6% | ||
|
2,315 |
RTX Corp. |
$498,234 | |
|
|
Banks — 6.4% | ||
|
1,616 |
JPMorgan Chase & Co. |
568,493 | |
|
1,274 |
PNC Financial Services Group, Inc. |
318,334 | |
|
|
|
|
886,827 |
|
|
Beverages — 1.4% | ||
|
1,383 |
PepsiCo, Inc. |
193,011 | |
|
|
Biotechnology — 2.0% | ||
|
703 |
Amgen, Inc. |
270,767 | |
|
|
Capital Markets — 10.1% | ||
|
586 |
Ameriprise Financial, Inc. |
319,862 | |
|
185 |
Blackrock, Inc. |
201,722 | |
|
3,614 |
Charles Schwab Corp. |
380,338 | |
|
2,333 |
Morgan Stanley |
490,910 | |
|
|
|
|
1,392,832 |
|
|
Chemicals — 3.5% | ||
|
526 |
Linde PLC |
251,628 | |
|
2,123 |
PPG Industries, Inc. |
234,634 | |
|
|
|
|
486,262 |
|
|
Communications Equipment — 2.9% | ||
|
3,401 |
Cisco Systems, Inc. |
394,482 | |
|
|
Electric Utilities — 2.1% | ||
|
6,294 |
Exelon Corp. |
288,391 | |
|
|
Electrical Equipment — 2.3% | ||
|
766 |
Eaton Corp. PLC |
318,043 | |
|
|
Electronic Equipment, Instruments & Components — 2.9% | ||
|
1,973 |
TE Connectivity PLC |
405,826 | |
|
|
Entertainment — 2.6% | ||
|
3,794 |
Walt Disney Co. |
364,945 | |
|
|
Financial Services — 1.4% | ||
|
4,248 |
Fidelity National Information Services, Inc. |
190,183 | |
|
|
Food Products — 1.3% | ||
|
2,819 |
Mondelez International, Inc. Class A |
175,652 | |
|
|
Ground Transportation — 2.7% | ||
|
1,294 |
Union Pacific Corp. |
378,016 | |
|
|
Health Care Equipment & Supplies — 6.3% | ||
|
3,166 |
Abbott Laboratories |
334,646 | |
|
1,443 |
Becton Dickinson & Co. |
238,990 | |
|
3,496 |
Medtronic PLC |
298,523 | |
|
|
|
|
872,159 |
|
|
Health Care Providers & Services — 3.0% | ||
|
1,768 |
Quest Diagnostics, Inc. |
411,962 | |
|
|
Hotels, Restaurants & Leisure — 3.9% | ||
|
1,079 |
McDonald’s Corp. |
292,021 | |
|
2,306 |
Starbucks Corp. |
242,706 | |
|
|
|
|
534,727 |
|
|
|
51 |
|
|
|
Shares |
|
|
Value |
|
COMMON STOCKS* — (Continued) | |||
|
|
Household Products — 1.3% | ||
|
1,225 |
Procter & Gamble Co. |
$177,000 | |
|
|
Insurance — 5.1% | ||
|
1,857 |
Allstate Corp. |
490,397 | |
|
570 |
Everest Group Ltd. |
213,265 | |
|
|
|
|
703,662 |
|
|
IT Services — 1.3% | ||
|
1,114 |
Accenture PLC Class A |
184,835 | |
|
|
Machinery — 6.8% | ||
|
1,535 |
IDEX Corp. |
353,741 | |
|
716 |
Illinois Tool Works, Inc. |
205,456 | |
|
917 |
Snap-on, Inc. |
376,346 | |
|
|
|
|
935,543 |
|
|
Media — 1.6% | ||
|
2,768 |
Omnicom Group, Inc. |
217,842 | |
|
|
Multi-Utilities — 2.5% | ||
|
2,396 |
DTE Energy Co. |
339,921 | |
|
|
Oil, Gas & Consumable Fuels — 5.2% | ||
|
1,594 |
Chevron Corp. |
313,747 | |
|
1,902 |
Phillips 66 |
402,615 | |
|
|
|
|
716,362 |
|
|
Pharmaceuticals — 3.4% | ||
|
3,719 |
Bristol-Myers Squibb Co. |
242,888 | |
|
913 |
Johnson & Johnson |
234,047 | |
|
|
|
|
476,935 |
|
|
Professional Services — 2.4% | ||
|
2,789 |
Paychex, Inc. |
325,867 | |
|
|
Semiconductors & Semiconductor Equipment — 3.7% | ||
|
1,847 |
Texas Instruments, Inc. |
509,292 | |
|
|
Specialty Retail — 3.4% | ||
|
691 |
Home Depot, Inc. |
229,384 | |
|
954 |
Ross Stores, Inc. |
239,521 | |
|
|
|
|
468,905 |
|
|
Technology Hardware, Storage & Peripherals — 1.5% | ||
|
1,133 |
NetApp, Inc. |
202,241 | |
|
|
Trading Companies & Distributors — 2.9% | ||
|
1,718 |
Ferguson Enterprises, Inc. |
402,579 | |
|
|
TOTAL COMMON STOCKS
(Cost $7,858,745) |
13,723,303 | |
|
|
|
52 |
|
|
|
Face
Amount |
|
|
Value |
|
REPURCHASE AGREEMENT* — 0.6% | |||
|
$86,501 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $86,508,
due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $88,200, coupon rate of 3.375%, due
2/29/28, market value of $88,405) |
$86,501 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $86,501) |
86,501 | |
|
TOTAL INVESTMENTS
(Cost $7,945,246) |
100.1
% |
$13,809,804 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(0.1
) |
(7,954
) | |
|
NET ASSETS |
100.0
% |
$13,801,850 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
|
|
53 |
|
|
|
Shares |
|
|
Value |
|
EXCHANGE-TRADED FUNDS* — 13.4% | |||
|
22,100 |
State Street SPDR S&P 500 ETF Trust1 |
$16,509,363 | |
|
30,000 |
Vanguard S&P 500 ETF1 |
20,599,500 | |
|
|
TOTAL EXCHANGE-TRADED FUNDS
(Cost $6,430,609) |
37,108,863 | |
|
Face
Amount |
|
|
|
|
U.S. TREASURY BILLS* — 7.2% | |||
|
$4,380,000 |
U.S. Treasury Bill,
3.347% due 08/11/26 |
4,376,489 | |
|
15,630,000 |
U.S. Treasury Bill,
3.676% due 10/6/261 |
15,528,190 | |
|
|
TOTAL U.S. TREASURY BILLS
(Cost $19,900,823) |
19,904,679 | |
|
REPURCHASE AGREEMENT* — 0.0% | |||
|
12,788 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of
$12,789, due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $13,100, coupon rate
of 3.375%, due 2/29/28, market value of $13,191) |
12,788 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $12,788) |
12,788 | |
|
Shares |
|
|
|
|
INVESTMENT OF COLLATERAL PLEDGED FOR WRITTEN OPTIONS* — 6.0% | |||
|
16,527,583 |
Goldman Sachs Financial Square Treasury Obligations Fund - Administration Class, 3.380%1,2 |
16,527,583 | |
|
|
TOTAL INVESTMENT OF COLLATERAL PLEDGED FOR WRITTEN OPTIONS
(Cost $16,527,583) |
16,527,583 | |
|
TOTAL PURCHASED OPTIONS (#)
(Cost $413,440,317) |
135.0
% |
374,281,250 | |
|
TOTAL INVESTMENTS
(Cost $456,312,120) |
161.6
% |
$447,835,163 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(61.6
) |
(170,719,313
) | |
|
NET ASSETS3 |
100.0
% |
$277,115,850 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
All or a portion of this security is held as collateral for written options. |
|
2
|
Represents an investment of collateral pledged to secure open written call and put options contracts. Registered investment
company advised by Goldman Sachs Asset Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
3
|
Cash in the amount of $25,067 is held as collateral to secure the open written call and put options contracts. |
|
|
|
54 |
|
|
|
Description |
Counterparty |
Exercise
Price/
FX Rate |
Expiration
Date |
Number of
Contracts |
Notional
Amount |
Market
Value |
Premiums
Paid
(Received
by Fund) |
Unrealized
Appreciation/
(Depreciation) | |
|
(#)PURCHASED OPTIONS |
|
|
|
|
|
|
|
|
|
|
CALLS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
6,300.00 |
09/18/26 |
USD |
2,950 |
$2,209,467,400 |
$362,112,500 |
$387,347,950 |
$(25,235,450
) |
|
PUTS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
7,000.00 |
09/18/26 |
USD |
2,950 |
2,209,467,400 |
12,168,750 |
26,092,367 |
(13,923,617
) |
|
TOTAL PURCHASED OPTIONS |
|
$4,418,934,800 |
$374,281,250 |
$413,440,317 |
$(39,159,067
) | ||||
|
WRITTEN OPTIONS |
|
|
|
|
|
|
|
|
|
|
CALLS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
7,000.00 |
09/18/26 |
USD |
2,950 |
2,209,467,400 |
(165,377,000
) |
(190,463,328
) |
25,086,328 |
|
PUTS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
7,350.00 |
08/21/26 |
USD |
295 |
220,946,740 |
(1,241,950
) |
(2,794,880
) |
1,552,930 |
|
S&P 500 Index |
OCC** |
7,400.00 |
08/21/26 |
USD |
20 |
14,979,440 |
(105,700
) |
(171,390
) |
65,690 |
|
S&P 500 Index |
OCC** |
6,300.00 |
09/18/26 |
USD |
2,950 |
2,209,467,400 |
(3,540,000
) |
(4,942,046
) |
1,402,046 |
|
TOTAL PUTS |
|
$2,445,393,580 |
$(4,887,650
) |
$(7,908,316
) |
$3,020,666 | ||||
|
TOTAL WRITTEN OPTIONS |
|
$4,654,860,980 |
$(170,264,650
) |
$(198,371,644
) |
$28,106,994 | ||||
|
| |
|
** |
The Options Clearing Corp |
|
|
|
55 |
|
|
|
Shares |
|
|
Value |
|
EXCHANGE-TRADED FUNDS* — 33.6% | |||
|
14,000 |
iShares Core MSCI Emerging Markets ETF1 |
$1,086,540 | |
|
48,400 |
iShares MSCI Emerging Markets ETF1 |
3,101,956 | |
|
60,000 |
Vanguard FTSE All-World ex-U.S. ETF1 |
4,971,000 | |
|
|
TOTAL EXCHANGE-TRADED FUNDS
(Cost $6,865,854) |
9,159,496 | |
|
Face
Amount |
|
|
|
|
U.S. TREASURY BILL* — 8.2% | |||
|
$2,240,000 |
U.S. Treasury Bill,
3.706% due 10/6/26 |
2,225,410 | |
|
|
TOTAL U.S. TREASURY BILL
(Cost $2,224,864) |
2,225,410 | |
|
REPURCHASE AGREEMENT* — 0.1% | |||
|
35,007 |
With Fixed Income Clearing Corp., dated 7/31/26, 1.06%, principal and interest in the amount of $35,010,
due 8/3/26, (collateralized by a U.S. Treasury Note with a par value of $35,700, coupon rate of 3.375%,
due 2/29/28, market value of $35,788) |
35,007 | |
|
|
TOTAL REPURCHASE AGREEMENT
(Cost $35,007) |
35,007 | |
|
Shares |
|
|
|
|
INVESTMENT OF COLLATERAL PLEDGED FOR WRITTEN OPTIONS* — 3.4% | |||
|
940,899 |
Goldman Sachs Financial Square Treasury Obligations Fund - Administration Class, 3.380%1,2 |
940,899 | |
|
|
TOTAL INVESTMENT OF COLLATERAL PLEDGED FOR WRITTEN OPTIONS
(Cost $940,899) |
940,899 | |
|
TOTAL PURCHASED OPTIONS (#)
(Cost $24,583,348) |
86.0
% |
23,448,000 | |
|
TOTAL INVESTMENTS
(Cost $34,649,972) |
131.3
% |
$35,808,812 | |
|
LIABILITIES IN EXCESS OF OTHER ASSETS |
(31.3
) |
(8,533,055
) | |
|
NET ASSETS3 |
100.0
% |
$27,275,757 | |
|
| |
|
* |
Percentages indicated are based on net assets. |
|
1
|
All or a portion of this security is held as collateral for written options. |
|
2
|
Represents an investment of collateral pledged to secure open written call and put options contracts. Registered investment
company advised by Goldman Sachs Asset Management. The rate shown is the 7 day yield as of July 31, 2026. |
|
3
|
Cash in the amount of $150,404 is held as collateral to secure the open written call and put options contracts. |
|
|
|
56 |
|
|
|
Description |
Counterparty |
Exercise
Price/
FX Rate |
Expiration
Date |
Number of
Contracts |
Notional
Amount |
Market
Value |
Premiums
Paid
(Received
by Fund) |
Unrealized
Appreciation/
(Depreciation) | |
|
(#)PURCHASED OPTIONS |
|
|
|
|
|
|
|
|
|
|
CALLS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
6,000.00 |
09/18/26 |
USD |
150 |
$112,345,800 |
$22,829,250 |
$23,358,811 |
$(529,561
) |
|
PUTS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
7,000.00 |
09/18/26 |
USD |
150 |
112,345,800 |
618,750 |
1,224,537 |
(605,787
) |
|
TOTAL PURCHASED OPTIONS |
|
$224,691,600 |
$23,448,000 |
$24,583,348 |
$(1,135,348
) | ||||
|
WRITTEN OPTIONS |
|
|
|
|
|
|
|
|
|
|
CALLS: |
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
OCC** |
7,000.00 |
09/18/26 |
USD |
150 |
112,345,800 |
(8,409,000
) |
(9,411,334
) |
1,002,334 |
|
PUTS: |
|
|
|
|
|
|
|
|
|
|
Russell 2000 Index |
OCC** |
2,850.00 |
08/21/26 |
USD |
5 |
1,465,670 |
(11,300
) |
(17,785
) |
6,485 |
|
S&P 500 Index |
OCC** |
7,350.00 |
08/21/26 |
USD |
5 |
3,744,860 |
(21,050
) |
(50,735
) |
29,685 |
|
S&P 500 Index |
OCC** |
7,400.00 |
08/21/26 |
USD |
20 |
14,979,440 |
(105,700
) |
(242,585
) |
136,885 |
|
S&P 500 Index |
OCC** |
6,000.00 |
09/18/26 |
USD |
150 |
112,345,800 |
(120,750
) |
(324,237
) |
203,487 |
|
TOTAL PUTS |
|
$132,535,770 |
$(258,800
) |
$(635,342
) |
$376,542 | ||||
|
TOTAL WRITTEN OPTIONS |
|
$244,881,570 |
$(8,667,800
) |
$(10,046,676
) |
$1,378,876 | ||||
|
| |
|
** |
The Options Clearing Corp |
|
|
|
57 |
|
|
|
Description |
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) |
Significant
Other
Observable
Inputs
(Level 2) |
Significant
Unobservable
Inputs
(Level 3) |
Total |
|
Exchange-Traded Funds |
$37,108,863 |
$— |
$— |
$37,108,863 |
|
U.S. Treasury Bills |
— |
19,904,679 |
— |
19,904,679 |
|
Repurchase Agreement |
— |
12,788 |
— |
12,788 |
|
Investment Of Collateral Pledged For Written Options |
16,527,583 |
— |
— |
16,527,583 |
|
Purchased Options |
|
|
|
|
|
Calls |
— |
362,112,500 |
— |
362,112,500 |
|
Puts |
— |
12,168,750 |
— |
12,168,750 |
|
Total Purchased Options |
— |
374,281,250 |
— |
374,281,250 |
|
Total Investments |
53,636,446 |
394,198,717 |
— |
447,835,163 |
|
Total |
$53,636,446 |
$394,198,717 |
$— |
$447,835,163 |
|
|
|
58 |
|
|
|
Description |
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) |
Significant
Other
Observable
Inputs
(Level 2) |
Significant
Unobservable
Inputs
(Level 3) |
Total |
|
Written Options |
|
|
|
|
|
Calls |
$— |
$(165,377,000
) |
$— |
$(165,377,000
) |
|
Puts |
— |
(4,887,650
) |
— |
(4,887,650
) |
|
Total Written Options |
— |
(170,264,650
) |
— |
(170,264,650
) |
|
Total |
$— |
$(170,264,650
) |
$— |
$(170,264,650
) |
|
Description |
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) |
Significant
Other
Observable
Inputs
(Level 2) |
Significant
Unobservable
Inputs
(Level 3) |
Total |
|
Exchange-Traded Funds |
$9,159,496 |
$— |
$— |
$9,159,496 |
|
U.S. Treasury Bill |
— |
2,225,410 |
— |
2,225,410 |
|
Repurchase Agreement |
— |
35,007 |
— |
35,007 |
|
Investment Of Collateral Pledged For Written Options |
940,899 |
— |
— |
940,899 |
|
Purchased Options |
|
|
|
|
|
Calls |
— |
22,829,250 |
— |
22,829,250 |
|
Puts |
— |
618,750 |
— |
618,750 |
|
Total Purchased Options |
— |
23,448,000 |
— |
23,448,000 |
|
Total Investments |
10,100,395 |
25,708,417 |
— |
35,808,812 |
|
Total |
$10,100,395 |
$25,708,417 |
$— |
$35,808,812 |
|
Description |
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) |
Significant
Other
Observable
Inputs
(Level 2) |
Significant
Unobservable
Inputs
(Level 3) |
Total |
|
Written Options |
|
|
|
|
|
Calls |
$— |
$(8,409,000
) |
$— |
$(8,409,000
) |
|
Puts |
— |
(258,800
) |
— |
(258,800
) |
|
Total Written Options |
— |
(8,667,800
) |
— |
(8,667,800
) |
|
Total |
$— |
$(8,667,800
) |
$— |
$(8,667,800
) |
|
|
|
59 |
|
|