Valuation
Inputs
The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
July
31,
2026
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
OTHER
MATTERS
Unpredictable environmental,
political,
social
and
economic
events,
including
but
not
limited
to,
environmental
or
natural
disasters,
war
and
conflict,
terrorism,
geopolitical
and
regulatory
developments
(including
trading
and
tariff
arrangements),
and
public
health
epidemics
or
threats,
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
The
extent
and
duration
of
such
events
and
resulting
market
disruptions
cannot
be
predicted.
These
and
other
similar
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
The
fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
or
such
events.
In
February
2022,
Russia
launched
a
large-scale
military
invasion
of
Ukraine,
leading
to
broad
economic
sanctions
imposed
by
North
American
Treaty
Organization
(NATO)
allies
on
Russia
that,
among
other
things,
freeze
the
assets
of
certain
of
its
citizens
and
corporate
entities
and
prohibit
certain
activities
with
specified
sectors
of
the
Russian
economy,
including
the
exclusion
of
Russia
from
the
SWIFT
global
payments
network.
As
a
result,
the
Russian
central
bank
suspended
the
sales
of
Russian
securities
by
most
non-residents
of
Russia
on
its
local
stock
exchange.
In
addition,
U.S.
and
non-U.S.
exchanges
have
halted
trading
in
certain
ADRs
and
GDRs
of
Russian
companies.
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Common
Stocks
$
4,498
$
64,200
$
—
$
68,698
Short-Term
Investments
6,592
—
—
6,592
Securities
Lending
Collateral
616
—
—
616
Total
$
11,706
$
64,200
$
—
$
75,906