Nuveen Investment Trust NPORT-P Nuveen Global Equity Income Fund (Sep 2024 report)

1

Portfolio

of

Investments

September

30,

2024

Global

Equity

Income

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

97.3%   

X

134,923,433

COMMON

STOCKS

-

97

.3

%

X

134,923,433

AUTOMOBILES

&

COMPONENTS

-

1.8%

55,833

General

Motors

Co

$

2,503,552

TOTAL

AUTOMOBILES

&

COMPONENTS

2,503,552

BANKS

-

13.6%

52,383

Fifth

Third

Bancorp

2,244,088

114,828

ING

Groep

NV

2,083,324

13,940

JPMorgan

Chase

&

Co

2,939,388

168,526

Nordea

Bank

Abp

1,989,488

206,020

Oversea-Chinese

Banking

Corp

Ltd

2,411,664

184,000

Sumitomo

Mitsui

Trust

Group

Inc

4,404,027

49,999

Wells

Fargo

&

Co

2,824,443

TOTAL

BANKS

18,896,422

CAPITAL

GOODS

-

9.2%

10,920

Airbus

SE

1,598,210

5,905

Eaton

Corp

PLC

1,957,153

10,535

General

Dynamics

Corp

3,183,677

105,250

Mitsubishi

Electric

Corp

1,707,254

97,060

Mitsui

&

Co

Ltd

2,170,653

10,724

Siemens

AG

2,169,549

TOTAL

CAPITAL

GOODS

12,786,496

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

1.6%

5,384

Home

Depot

Inc/The

2,181,597

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

2,181,597

CONSUMER

SERVICES

-

1.5%

40,415

Las

Vegas

Sands

Corp

2,034,491

TOTAL

CONSUMER

SERVICES

2,034,491

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

2.7%

46,891

Walmart

Inc

3,786,448

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

3,786,448

ENERGY

-

5.8%

13,772

Chevron

Corp

2,028,203

82,012

Enterprise

Products

Partners

LP

2,387,369

112,937

Shell

PLC

3,663,871

TOTAL

ENERGY

8,079,443

FINANCIAL

SERVICES

-

1.6%

9,589

Deutsche

Boerse

AG

2,251,196

TOTAL

FINANCIAL

SERVICES

2,251,196

FOOD,

BEVERAGE

&

TOBACCO

-

2.7%

25,098

Coca-Cola

Co/The

1,803,542

22,568

Heineken

NV

2,003,364

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

3,806,906

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

2.8%

3,854

Elevance

Health

Inc

2,004,080

6,034

Humana

Inc

1,911,209

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

3,915,289

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

3.1%

394,945

Haleon

PLC

2,066,550

44,260

Kao

Corp

2,187,622

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

4,254,172

INSURANCE

-

7.6%

6,408

Allianz

SE

2,107,712

5,077

Everest

Group

Ltd

1,989,321

41,872

NN

Group

NV

2,089,249

232,907

Prudential

PLC

2,160,735

3,716

Zurich

Insurance

Group

AG

2,245,057

TOTAL

INSURANCE

10,592,074

Portfolio

of

Investments

September

30,

2024

(continued)

Global

Equity

Income

2

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

SHARES

DESCRIPTION

VALUE

MATERIALS

-

6.9%

96,209

BHP

Group

Ltd

$

2,986,919

20,088

DSM-Firmenich

AG

2,772,289

32,129

Nutrien

Ltd

1,543,912

45,105

Smurfit

WestRock

PLC

2,229,089

TOTAL

MATERIALS

9,532,209

MEDIA

&

ENTERTAINMENT

-

2.0%

18,556

Publicis

Groupe

SA

2,030,698

8,260

Walt

Disney

Co/The

794,530

TOTAL

MEDIA

&

ENTERTAINMENT

2,825,228

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

9.6%

15,429

AbbVie

Inc

3,046,919

43,366

AstraZeneca

PLC,

Sponsored

ADR

3,378,645

29,321

Sanofi

SA

3,375,995

19,189

UCB

SA

3,463,938

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

13,265,497

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.8%

1,109,000

Hang

Lung

Properties

Ltd

1,068,723

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

1,068,723

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

4.3%

28,464

Broadcom

Inc

4,910,040

43,016

Intel

Corp

1,009,155

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

5,919,195

SOFTWARE

&

SERVICES

-

2.8%

22,428

Oracle

Corp

3,821,731

TOTAL

SOFTWARE

&

SERVICES

3,821,731

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

2.4%

31,383

Cisco

Systems

Inc

1,670,203

43,251

Samsung

Electronics

Co

Ltd

1,679,735

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

3,349,938

TELECOMMUNICATION

SERVICES

-

4.6%

193,106

AT&T

Inc

4,248,332

163,644

Telenor

ASA

2,093,437

TOTAL

TELECOMMUNICATION

SERVICES

6,341,769

TRANSPORTATION

-

3.9%

44,916

Delta

Air

Lines

Inc

2,281,284

69,102

Deutsche

Post

AG

3,082,408

TOTAL

TRANSPORTATION

5,363,692

UTILITIES

-

6.0%

17,560

Alliant

Energy

Corp

1,065,716

273,440

Enel

SpA

2,184,183

29,904

Eversource

Energy

2,034,967

221,551

National

Grid

PLC

3,062,499

TOTAL

UTILITIES

8,347,365

TOTAL

COMMON

STOCKS

(Cost

$93,892,678)

134,923,433

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$93,892,678)

134,923,433

OTHER

ASSETS

&

LIABILITIES,

NET

-  2.7%

3,776,949

NET

ASSETS

-

100%

$

138,700,382

3

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

67,813,084

$

67,110,349

$

–

$

134,923,433

Total

$

67,813,084

$

67,110,349

$

–

$

134,923,433

ADR

American

Depositary

Receipt

4

Portfolio

of

Investments

September

30,

2024

Multi

Cap

Value

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

97.1%   

X

509,989,443

COMMON

STOCKS

-

97

.1

%

X

509,989,443

AUTOMOBILES

&

COMPONENTS

-

4.2%

677,529

Ford

Motor

Co

$

7,154,706

329,553

General

Motors

Co

14,777,157

TOTAL

AUTOMOBILES

&

COMPONENTS

21,931,863

BANKS

-

10.6%

260,170

Bank

of

NT

Butterfield

&

Son

Ltd/The

9,595,070

183,813

Citigroup

Inc

11,506,694

65,403

JPMorgan

Chase

&

Co

13,790,876

239,334

Wells

Fargo

&

Co

13,519,977

85,859

Western

Alliance

Bancorp

7,425,945

TOTAL

BANKS

55,838,562

CAPITAL

GOODS

-

12.7%

32,942

Curtiss-Wright

Corp

10,827,706

295,527

Flowserve

Corp

15,275,791

45,722

General

Dynamics

Corp

13,817,188

33,093

Honeywell

International

Inc

6,840,654

20,489

Hubbell

Inc

8,776,463

157,016

nVent

Electric

PLC

11,031,944

TOTAL

CAPITAL

GOODS

66,569,746

CONSUMER

DURABLES

&

APPAREL

-

0.7%

26,219

PulteGroup

Inc

3,763,213

TOTAL

CONSUMER

DURABLES

&

APPAREL

3,763,213

CONSUMER

SERVICES

-

1.0%

105,564

Las

Vegas

Sands

Corp

5,314,092

TOTAL

CONSUMER

SERVICES

5,314,092

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

3.1%

200,256

Walmart

Inc

16,170,672

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

16,170,672

ENERGY

-

9.9%

260,600

Atlas

Energy

Solutions

Inc

5,681,080

257,664

Baker

Hughes

Co

9,314,554

25,486

Cheniere

Energy

Inc

4,583,402

56,457

Hess

Corp

7,666,861

594,670

Permian

Resources

Corp

8,093,459

251,054

Shell

PLC,

ADR

16,557,011

TOTAL

ENERGY

51,896,367

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

4.1%

63,271

Alexandria

Real

Estate

Equities

Inc

7,513,432

59,810

Camden

Property

Trust

7,388,329

168,816

STAG

Industrial

Inc

6,599,017

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

21,500,778

FINANCIAL

SERVICES

-

7.1%

82,166

Discover

Financial

Services

11,527,068

70,556

(a)

Fiserv

Inc

12,675,385

62,988

Morgan

Stanley

6,565,869

73,268

State

Street

Corp

6,482,020

TOTAL

FINANCIAL

SERVICES

37,250,342

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

2.7%

18,371

Elevance

Health

Inc

9,552,920

14,785

Humana

Inc

4,683,001

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

14,235,921

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

2.4%

1,194,225

(b)

Haleon

PLC,

ADR

12,634,901

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

12,634,901

5

SHARES

DESCRIPTION

VALUE

INSURANCE

-

3.7%

14,655

Aon

PLC,

Class

A

$

5,070,483

16,113

Everest

Group

Ltd

6,313,557

29,226

RenaissanceRe

Holdings

Ltd

7,961,163

TOTAL

INSURANCE

19,345,203

MATERIALS

-

3.9%

148,188

DuPont

de

Nemours

Inc

13,205,033

66,005

Innospec

Inc

7,464,505

TOTAL

MATERIALS

20,669,538

MEDIA

&

ENTERTAINMENT

-

3.8%

50,993

Alphabet

Inc,

Class

A

8,457,189

142,359

(a)

TripAdvisor

Inc

2,062,782

69,259

Walt

Disney

Co/The

6,662,023

348,446

(a)

Warner

Bros

Discovery

Inc

2,874,680

TOTAL

MEDIA

&

ENTERTAINMENT

20,056,674

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

10.7%

472,213

(a)

ADMA

Biologics

Inc

9,439,538

102,749

AstraZeneca

PLC,

Sponsored

ADR

8,005,175

146,574

Gilead

Sciences

Inc

12,288,764

60,797

Merck

&

Co

Inc

6,904,107

243,502

Pfizer

Inc

7,046,948

216,055

Sanofi

SA,

ADR

12,451,249

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

56,135,781

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

1.6%

203,508

Intel

Corp

4,774,298

90,695

(a)

Rambus

Inc

3,829,143

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

8,603,441

SOFTWARE

&

SERVICES

-

6.0%

380,292

Gen

Digital

Inc

10,431,410

83,795

Oracle

Corp

14,278,668

221,469

(a)

Teradata

Corp

6,719,369

TOTAL

SOFTWARE

&

SERVICES

31,429,447

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.8%

329,883

(a)

Viasat

Inc

3,938,803

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

3,938,803

TELECOMMUNICATION

SERVICES

-

2.7%

650,686

AT&T

Inc

14,315,092

TOTAL

TELECOMMUNICATION

SERVICES

14,315,092

UTILITIES

-

5.4%

99,558

Alliant

Energy

Corp

6,042,175

111,042

Dominion

Energy

Inc

6,417,117

113,429

FirstEnergy

Corp

5,030,576

123,029

Pinnacle

West

Capital

Corp

10,899,139

TOTAL

UTILITIES

28,389,007

TOTAL

COMMON

STOCKS

(Cost

$417,680,852)

509,989,443

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$417,680,852)

509,989,443

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

2.5%

13,057,740

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.020%(d)

13,057,740

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$13,057,740)

13,057,740

Portfolio

of

Investments

September

30,

2024

(continued)

Multi

Cap

Value

6

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 2.0%  

X

10,439,353

REPURCHASE

AGREEMENTS

-

2

.0

%

X

10,439,353

$

9,375,000

(e)

Fixed

Income

Clearing

Corporation

4

.820

%

10/01/24

$

9,375,000

1,064,353

(f)

Fixed

Income

Clearing

Corporation

1

.520

10/01/24

1,064,353

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$10,439,353)

10,439,353

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$10,439,353)

10,439,353

TOTAL

INVESTMENTS

-

101

.6

%

(Cost

$

441,177,945

)

533,486,536

OTHER

ASSETS

&

LIABILITIES,

NET

-  (1.6)%

(

8,442,939

)

NET

ASSETS

-

100%

$

525,043,597

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

509,989,443

$

–

$

–

$

509,989,443

Investments

Purchased

with

Collateral

from

Securities

Lending

13,057,740

–

–

13,057,740

Short-Term

Investments:

Repurchase

Agreements

–

10,439,353

–

10,439,353

Total

$

523,047,183

$

10,439,353

$

–

$

533,486,536

(a)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$12,508,544.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.820%

dated

9/30/24

to

be

repurchased

at

$9,376,255

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.625%

and

maturity

date

8/15/29,

valued

at

$9,562,659.

(f)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.520%

dated

9/30/24

to

be

repurchased

at

$1,064,398

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.500%

and

maturity

date

9/30/26,

valued

at

$1,085,698.

ADR

American

Depositary

Receipt

7

Portfolio

of

Investments

September

30,

2024

Large

Cap

Value

Opportunities

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

98.9%   

X

22,354,875

COMMON

STOCKS

-

98

.9

%

X

22,354,875

AUTOMOBILES

&

COMPONENTS

-

4.2%

29,225

Ford

Motor

Co

$

308,616

14,245

General

Motors

Co

638,746

TOTAL

AUTOMOBILES

&

COMPONENTS

947,362

BANKS

-

7.9%

8,113

Citigroup

Inc

507,874

2,958

JPMorgan

Chase

&

Co

623,724

11,301

Wells

Fargo

&

Co

638,393

TOTAL

BANKS

1,769,991

CAPITAL

GOODS

-

11.7%

10,911

Flowserve

Corp

563,990

2,124

General

Dynamics

Corp

641,872

1,419

Honeywell

International

Inc

293,321

725

Hubbell

Inc

310,554

6,434

nVent

Electric

PLC

452,053

3,106

RTX

Corp

376,323

TOTAL

CAPITAL

GOODS

2,638,113

CONSUMER

DURABLES

&

APPAREL

-

0.7%

1,145

PulteGroup

Inc

164,342

TOTAL

CONSUMER

DURABLES

&

APPAREL

164,342

CONSUMER

SERVICES

-

1.0%

4,535

Las

Vegas

Sands

Corp

228,292

TOTAL

CONSUMER

SERVICES

228,292

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

3.0%

8,635

Walmart

Inc

697,277

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

697,277

ENERGY

-

9.2%

11,657

Baker

Hughes

Co

421,401

1,357

Cheniere

Energy

Inc

244,043

2,833

Hess

Corp

384,721

21,782

Permian

Resources

Corp

296,453

10,973

Shell

PLC,

ADR

723,669

TOTAL

ENERGY

2,070,287

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

2.9%

2,861

Alexandria

Real

Estate

Equities

Inc

339,744

2,582

Camden

Property

Trust

318,954

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

658,698

FINANCIAL

SERVICES

-

9.6%

3,624

Discover

Financial

Services

508,411

3,314

(a)

Fiserv

Inc

595,360

3,350

KKR

&

Co

Inc

437,443

3,038

Morgan

Stanley

316,681

3,610

State

Street

Corp

319,377

TOTAL

FINANCIAL

SERVICES

2,177,272

FOOD,

BEVERAGE

&

TOBACCO

-

1.5%

2,713

Philip

Morris

International

Inc

329,358

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

329,358

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

4.3%

828

Elevance

Health

Inc

430,560

513

Humana

Inc

162,488

2,449

Quest

Diagnostics

Inc

380,207

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

973,255

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

2.3%

48,207

(b)

Haleon

PLC,

ADR

510,030

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

510,030

Portfolio

of

Investments

September

30,

2024

(continued)

Large

Cap

Value

Opportunities

8

SHARES

DESCRIPTION

VALUE

INSURANCE

-

4.2%

4,770

American

International

Group

Inc

$

349,307

740

Aon

PLC,

Class

A

256,033

1,300

RenaissanceRe

Holdings

Ltd

354,120

TOTAL

INSURANCE

959,460

MATERIALS

-

5.3%

3,908

BHP

Group

Ltd,

Sponsored

ADR

242,726

6,474

Corteva

Inc

380,606

6,365

DuPont

de

Nemours

Inc

567,185

TOTAL

MATERIALS

1,190,517

MEDIA

&

ENTERTAINMENT

-

4.5%

2,483

Alphabet

Inc,

Class

A

411,806

12,307

(a)

TripAdvisor

Inc

178,328

3,019

Walt

Disney

Co/The

290,398

15,988

(a)

Warner

Bros

Discovery

Inc

131,901

TOTAL

MEDIA

&

ENTERTAINMENT

1,012,433

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

9.5%

5,506

AstraZeneca

PLC,

Sponsored

ADR

428,972

6,337

Gilead

Sciences

Inc

531,294

2,683

Merck

&

Co

Inc

304,681

12,023

Pfizer

Inc

347,946

9,317

Sanofi

SA,

ADR

536,939

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

2,149,832

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

1.5%

14,923

Intel

Corp

350,094

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

350,094

SOFTWARE

&

SERVICES

-

4.7%

16,294

Gen

Digital

Inc

446,944

3,599

Oracle

Corp

613,269

TOTAL

SOFTWARE

&

SERVICES

1,060,213

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

2.6%

3,504

Seagate

Technology

Holdings

PLC

383,793

16,672

(a)

Viasat

Inc

199,064

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

582,857

TELECOMMUNICATION

SERVICES

-

2.7%

27,954

AT&T

Inc

614,988

TOTAL

TELECOMMUNICATION

SERVICES

614,988

UTILITIES

-

5.6%

4,465

Alliant

Energy

Corp

270,981

4,741

Dominion

Energy

Inc

273,982

5,610

FirstEnergy

Corp

248,804

5,378

Pinnacle

West

Capital

Corp

476,437

TOTAL

UTILITIES

1,270,204

TOTAL

COMMON

STOCKS

(Cost

$13,909,389)

22,354,875

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$13,909,389)

22,354,875

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

2.3%

527,097

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.020%(d)

527,097

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$527,097)

527,097

TOTAL

INVESTMENTS

-

101

.2

%

(Cost

$

14,436,486

)

22,881,972

OTHER

ASSETS

&

LIABILITIES,

NET

-  (1.2)%

(

274,362

)

NET

ASSETS

-

100%

$

22,607,610

9

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

22,354,875

$

–

$

–

$

22,354,875

Investments

Purchased

with

Collateral

from

Securities

Lending

527,097

–

–

527,097

Total

$

22,881,972

$

–

$

–

$

22,881,972

(a)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$504,920.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

ADR

American

Depositary

Receipt

10

Portfolio

of

Investments

September

30,

2024

Small/Mid

Cap

Value

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

98.3%   

X

106,686,418

COMMON

STOCKS

-

98

.3

%

X

106,686,418

AUTOMOBILES

&

COMPONENTS

-

1.3%

37,182

Atmus

Filtration

Technologies

Inc

$

1,395,440

TOTAL

AUTOMOBILES

&

COMPONENTS

1,395,440

BANKS

-

5.6%

12,514

East

West

Bancorp

Inc

1,035,408

34,820

Prosperity

Bancshares

Inc

2,509,478

25,641

SouthState

Corp

2,491,793

TOTAL

BANKS

6,036,679

CAPITAL

GOODS

-

19.1%

20,365

AECOM

2,103,094

13,208

BWX

Technologies

Inc

1,435,710

6,521

(a)

Chart

Industries

Inc

809,517

15,247

Crane

Co

2,413,295

6,890

Curtiss-Wright

Corp

2,264,674

18,512

EnerSys

1,889,150

51,040

Flowserve

Corp

2,638,258

15,026

ITT

Inc

2,246,537

10,070

(a)

Middleby

Corp/The

1,401,039

29,403

nVent

Electric

PLC

2,065,854

8,760

Regal

Rexnord

Corp

1,453,109

TOTAL

CAPITAL

GOODS

20,720,237

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

1.0%

18,468

Academy

Sports

&

Outdoors

Inc

1,077,792

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

1,077,792

CONSUMER

DURABLES

&

APPAREL

-

1.3%

67,496

Levi

Strauss

&

Co,

Class

A

1,471,413

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,471,413

CONSUMER

SERVICES

-

1.0%

31,894

(a)

Dave

&

Buster's

Entertainment

Inc

1,085,991

TOTAL

CONSUMER

SERVICES

1,085,991

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

1.4%

19,630

(a)

BJ's

Wholesale

Club

Holdings

Inc

1,619,082

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

1,619,082

ENERGY

-

5.5%

43,965

(a)

Antero

Resources

Corp

1,259,597

63,934

(b)

Atlas

Energy

Solutions

Inc

1,393,761

19,637

Chesapeake

Energy

Corp

1,615,143

122,528

Permian

Resources

Corp

1,667,607

TOTAL

ENERGY

5,936,108

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

8.4%

36,114

American

Homes

4

Rent,

Class

A

1,386,416

16,635

BXP

Inc

1,338,452

15,188

Camden

Property

Trust

1,876,174

11,422

Iron

Mountain

Inc

1,357,276

24,036

PotlatchDeltic

Corp

1,082,822

56,306

STAG

Industrial

Inc

2,201,002

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

9,242,142

FINANCIAL

SERVICES

-

9.0%

156,393

AGNC

Investment

Corp

1,635,871

366,087

BGC

Group

Inc,

Class

A

3,360,678

13,419

(a)

Euronet

Worldwide

Inc

1,331,567

12,855

FirstCash

Holdings

Inc

1,475,754

21,213

Stifel

Financial

Corp

1,991,901

TOTAL

FINANCIAL

SERVICES

9,795,771

FOOD,

BEVERAGE

&

TOBACCO

-

1.5%

62,384

Primo

Water

Corp

1,575,196

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

1,575,196

11

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.3%

21,819

(a)

Acadia

Healthcare

Co

Inc

$

1,383,543

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

1,383,543

INSURANCE

-

7.1%

11,563

American

Financial

Group

Inc/OH

1,556,380

30,504

Axis

Capital

Holdings

Ltd

2,428,423

5,108

Everest

Group

Ltd

2,001,468

17,035

Selective

Insurance

Group

Inc

1,589,366

TOTAL

INSURANCE

7,575,637

MATERIALS

-

7.2%

6,069

Avery

Dennison

Corp

1,339,792

17,043

Crown

Holdings

Inc

1,634,083

23,646

FMC

Corp

1,559,217

15,433

Materion

Corp

1,726,336

5,500

Reliance

Inc

1,590,655

TOTAL

MATERIALS

7,850,083

MEDIA

&

ENTERTAINMENT

-

1.6%

35,369

John

Wiley

&

Sons

Inc,

Class

A

1,706,554

TOTAL

MEDIA

&

ENTERTAINMENT

1,706,554

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

7.9%

192,862

(a)

ADMA

Biologics

Inc

3,855,312

90,697

(a)

Elanco

Animal

Health

Inc

1,332,339

45,676

(a)

Exelixis

Inc

1,185,292

6,341

(a)

United

Therapeutics

Corp

2,272,297

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

8,645,240

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

3.2%

133,168

DigitalBridge

Group

Inc

1,881,663

24,132

(a)

Zillow

Group

Inc,

Class

A

1,494,495

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

3,376,158

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

2.9%

17,984

(a)

Ambarella

Inc

1,014,388

23,111

(a)

Rambus

Inc

975,746

8,305

Teradyne

Inc

1,112,289

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

3,102,423

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

6.1%

23,566

(a)

Ciena

Corp

1,451,430

17,173

(a)

Lumentum

Holdings

Inc

1,088,425

21,861

Seagate

Technology

Holdings

PLC

2,394,435

4,826

(a)

Zebra

Technologies

Corp,

Class

A

1,787,164

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

6,721,454

TRANSPORTATION

-

1.4%

29,015

(a)

GXO

Logistics

Inc

1,510,811

TOTAL

TRANSPORTATION

1,510,811

UTILITIES

-

4.5%

13,253

IDACORP

Inc

1,366,252

43,708

OGE

Energy

Corp

1,792,901

19,184

Pinnacle

West

Capital

Corp

1,699,511

TOTAL

UTILITIES

4,858,664

TOTAL

COMMON

STOCKS

(Cost

$79,633,839)

106,686,418

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$79,633,839)

106,686,418

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.8%

889,558

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.020%(d)

889,558

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$889,558)

889,558

Portfolio

of

Investments

September

30,

2024

(continued)

Small/Mid

Cap

Value

12

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 3.6%  

X

3,927,579

REPURCHASE

AGREEMENTS

-

3

.6

%

X

3,927,579

$

3,525,000

(e)

Fixed

Income

Clearing

Corporation

4

.820

%

10/01/24

$

3,525,000

402,579

(f)

Fixed

Income

Clearing

Corporation

1

.520

10/01/24

402,579

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$3,927,579)

3,927,579

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$3,927,579)

3,927,579

TOTAL

INVESTMENTS

-

102

.7

%

(Cost

$

84,450,976

)

111,503,555

OTHER

ASSETS

&

LIABILITIES,

NET

-  (2.7)%

(

2,942,452

)

NET

ASSETS

-

100%

$

108,561,103

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

106,686,418

$

–

$

–

$

106,686,418

Investments

Purchased

with

Collateral

from

Securities

Lending

889,558

–

–

889,558

Short-Term

Investments:

Repurchase

Agreements

–

3,927,579

–

3,927,579

Total

$

107,575,976

$

3,927,579

$

–

$

111,503,555

(a)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$879,892.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.820%

dated

9/30/24

to

be

repurchased

at

$3,525,472

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.625%

and

maturity

date

9/30/28,

valued

at

$3,595,557.

(f)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.520%

dated

9/30/24

to

be

repurchased

at

$402,596

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.500%

and

maturity

date

9/30/26,

valued

at

$410,638.

13

Portfolio

of

Investments

September

30,

2024

Small

Cap

Value

Opportunities

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

96.9%   

X

232,489,555

COMMON

STOCKS

-

96

.9

%

X

232,489,555

AUTOMOBILES

&

COMPONENTS

-

1.2%

77,905

Atmus

Filtration

Technologies

Inc

$

2,923,775

TOTAL

AUTOMOBILES

&

COMPONENTS

2,923,775

BANKS

-

12.5%

166,786

Home

BancShares

Inc/AR

4,518,233

85,662

Independent

Bank

Corp/MI

2,856,828

170,740

Seacoast

Banking

Corp

of

Florida

4,550,221

64,916

SouthState

Corp

6,308,537

58,846

(a)

Texas

Capital

Bancshares

Inc

4,205,135

86,983

Western

Alliance

Bancorp

7,523,159

TOTAL

BANKS

29,962,113

CAPITAL

GOODS

-

12.5%

21,167

Atkore

Inc

1,793,692

80,089

Columbus

McKinnon

Corp/NY

2,883,204

22,522

Crane

Co

3,564,782

39,402

EnerSys

4,020,974

39,916

ESCO

Technologies

Inc

5,148,366

97,568

Flowserve

Corp

5,043,290

211,882

Mueller

Water

Products

Inc,

Class

A

4,597,839

28,226

(a)

MYR

Group

Inc

2,885,544

TOTAL

CAPITAL

GOODS

29,937,691

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

2.0%

330,266

(a)

Alight

Inc,

Class

A

2,443,968

62,544

Barrett

Business

Services

Inc

2,346,026

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

4,789,994

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

1.3%

53,056

Academy

Sports

&

Outdoors

Inc

3,096,348

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

3,096,348

CONSUMER

SERVICES

-

5.8%

70,582

(a)

Dave

&

Buster's

Entertainment

Inc

2,403,317

168,487

(a)

El

Pollo

Loco

Holdings

Inc

2,308,272

195,811

Perdoceo

Education

Corp

4,354,837

56,969

(a)

Stride

Inc

4,860,025

TOTAL

CONSUMER

SERVICES

13,926,451

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

1.0%

134,790

(a)

Grocery

Outlet

Holding

Corp

2,365,564

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

2,365,564

ENERGY

-

5.1%

235,252

Antero

Midstream

Corp

3,540,543

114,753

(b)

Atlas

Energy

Solutions

Inc

2,501,615

72,716

California

Resources

Corp

3,815,408

96,328

Magnolia

Oil

&

Gas

Corp,

Class

A

2,352,330

TOTAL

ENERGY

12,209,896

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

9.0%

130,018

CareTrust

REIT

Inc

4,012,356

153,216

Independence

Realty

Trust

Inc

3,140,928

79,888

PotlatchDeltic

Corp

3,598,954

80,240

SL

Green

Realty

Corp

5,585,506

135,827

STAG

Industrial

Inc

5,309,478

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

21,647,222

FINANCIAL

SERVICES

-

8.3%

772,329

BGC

Group

Inc,

Class

A

7,089,980

26,158

FirstCash

Holdings

Inc

3,002,938

137,411

Marex

Group

PLC

3,245,648

33,207

(a)

Mr

Cooper

Group

Inc

3,061,021

187,811

Perella

Weinberg

Partners

3,626,631

TOTAL

FINANCIAL

SERVICES

20,026,218

Portfolio

of

Investments

September

30,

2024

(continued)

Small

Cap

Value

Opportunities

14

SHARES

DESCRIPTION

VALUE

FOOD,

BEVERAGE

&

TOBACCO

-

4.1%

31,658

John

B

Sanfilippo

&

Son

Inc

$

2,985,666

129,202

Primo

Water

Corp

3,262,350

102,345

(a)

Simply

Good

Foods

Co/The

3,558,536

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

9,806,552

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

3.0%

134,166

(a)

Castle

Biosciences

Inc

3,826,414

235,492

(a)

Tactile

Systems

Technology

Inc

3,440,538

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

7,266,952

INSURANCE

-

5.3%

69,582

Axis

Capital

Holdings

Ltd

5,539,423

25,485

Selective

Insurance

Group

Inc

2,377,751

118,902

(a)

Skyward

Specialty

Insurance

Group

Inc

4,842,878

TOTAL

INSURANCE

12,760,052

MATERIALS

-

2.5%

32,196

Materion

Corp

3,601,445

70,811

Worthington

Steel

Inc

2,408,282

TOTAL

MATERIALS

6,009,727

MEDIA

&

ENTERTAINMENT

-

1.6%

77,721

John

Wiley

&

Sons

Inc,

Class

A

3,750,038

TOTAL

MEDIA

&

ENTERTAINMENT

3,750,038

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

7.7%

428,643

(a)

ADMA

Biologics

Inc

8,568,573

62,141

(a)

Biohaven

Ltd

3,105,186

20,324

(a)

Cytokinetics

Inc

1,073,107

49,004

(a)

Halozyme

Therapeutics

Inc

2,804,989

40,156

(a)

Prestige

Consumer

Healthcare

Inc

2,895,248

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

18,447,103

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

1.7%

283,735

DigitalBridge

Group

Inc

4,009,176

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

4,009,176

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

1.4%

60,254

(a)

Ambarella

Inc

3,398,627

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

3,398,627

SOFTWARE

&

SERVICES

-

1.8%

354,565

Adeia

Inc

4,222,869

TOTAL

SOFTWARE

&

SERVICES

4,222,869

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

4.2%

234,592

(a)

Arlo

Technologies

Inc

2,840,909

328,258

(a)

Harmonic

Inc

4,782,719

38,004

(a)

Lumentum

Holdings

Inc

2,408,694

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

10,032,322

UTILITIES

-

4.9%

37,977

IDACORP

Inc

3,915,049

45,374

MGE

Energy

Inc

4,149,452

66,019

SJW

Group

3,836,364

TOTAL

UTILITIES

11,900,865

TOTAL

COMMON

STOCKS

(Cost

$183,992,967)

232,489,555

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$183,992,967)

232,489,555

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.5%

1,199,971

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.020%(d)

1,199,971

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$1,199,971)

1,199,971

15

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 3.8%  

X

9,162,045

REPURCHASE

AGREEMENTS

-

3

.8

%

X

9,162,045

$

8,225,000

(e)

Fixed

Income

Clearing

Corporation

4

.820

%

10/01/24

$

8,225,000

937,045

(f)

Fixed

Income

Clearing

Corporation

1

.520

10/01/24

937,045

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$9,162,045)

9,162,045

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$9,162,045)

9,162,045

TOTAL

INVESTMENTS

-

101

.2

%

(Cost

$

194,354,983

)

242,851,571

OTHER

ASSETS

&

LIABILITIES,

NET

-  (1.2)%

(

2,859,009

)

NET

ASSETS

-

100%

$

239,992,562

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

232,489,555

$

–

$

–

$

232,489,555

Investments

Purchased

with

Collateral

from

Securities

Lending

1,199,971

–

–

1,199,971

Short-Term

Investments:

Repurchase

Agreements

–

9,162,045

–

9,162,045

Total

$

233,689,526

$

9,162,045

$

–

$

242,851,571

(a)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$1,185,528.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.820%

dated

9/30/24

to

be

repurchased

at

$8,226,101

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.625%

and

maturity

date

9/30/28,

valued

at

$8,389,633.

(f)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.520%

dated

9/30/24

to

be

repurchased

at

$937,084

on

10/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.500%

and

maturity

date

9/30/26,

valued

at

$955,846.

REIT

Real

Estate

Investment

Trust