UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21339
Morgan Stanley Institutional Liquidity Funds
(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York | 10036 |
(Address of principal executive offices) | (Zip code) |
John H. Gernon
522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)
Registrant's telephone number, including area code: 212-296-0289
Date of fiscal year end: October 31,
Date of reporting period: April 30, 2023
Item 1 - Report to Shareholders
Institutional
Liquidity Funds
April 30, 2023 (unaudited)
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April 30, 2023 (unaudited)
President and Principal Executive Officer
April 30, 2023 (unaudited)
Subsidized Yields | ||||||||||||||||||||||||||||||||||||
Wealth*/ Institutional Class | Wealth S*/ Institutional Select Class | Investor Class | Administrative Class | Advisory Class | Participant Class | Cash Management Class | Select Class | CastleOak Shares Class | Impact Class | |||||||||||||||||||||||||||
7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | |||||||||||||||||
Fund: | ||||||||||||||||||||||||||||||||||||
ESG Money Market** | 4.96% | 5.09% | 4.91% | 5.03% | N/A | N/A | N/A | N/A | 4.71% | 4.82% | 4.46% | 4.56% | 4.81% | 4.92% | 4.17%+ | 4.25%+ | N/A | N/A | — | — | ||||||||||||||||
Prime | 4.96% | 5.08% | 4.91% | 5.03% | N/A | N/A | N/A | N/A | 4.71% | 4.82% | N/A | N/A | 4.81% | 4.93% | — | — | 4.96% | 5.08% | 4.96% | 5.08% | ||||||||||||||||
Government | 4.78% | 4.89% | 4.72% | 4.84% | 4.68% | 4.78% | 4.63% | 4.73% | 4.53% | 4.63% | 4.28% | 4.37% | 4.62% | 4.73% | 3.97% | 4.05% | 4.78% | 4.89% | 4.78% | 4.89% | ||||||||||||||||
Government Securities | 4.71% | 4.82% | 4.67% | 4.77% | 4.62% | 4.72% | 4.57% | 4.67% | 4.46% | 4.56% | 4.46% | 4.56% | 4.56% | 4.67% | — | — | — | — | — | — | ||||||||||||||||
Treasury | 4.71% | 4.82% | 4.66% | 4.77% | 4.61% | 4.72% | 4.56% | 4.66% | 4.46% | 4.56% | 4.21% | 4.30% | 4.56% | 4.66% | 3.91% | 3.98% | — | — | — | — | ||||||||||||||||
Treasury Securities | 4.28% | 4.37% | 4.23% | 4.32% | 4.18% | 4.27% | 4.13% | 4.22% | 4.03% | 4.11% | 3.78% | 3.85% | 4.13% | 4.21% | 3.48% | 3.54% | — | — | — | — | ||||||||||||||||
Tax-Exempt | 3.30% | 3.35% | 3.25% | 3.30% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.15% | 3.20% | — | — | — | — | — | — |
Non-Subsidized Yields | ||||||||||||||||||||||||||||||||||||
Wealth*/ Institutional Class | Wealth S*/ Institutional Select Class | Investor Class | Administrative Class | Advisory Class | Participant Class | Cash Management Class | Select Class | CastleOak Shares Class | Impact Class | |||||||||||||||||||||||||||
7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | 7-day Current Yield | 7-day Effective Yield | |||||||||||||||||
Fund: | ||||||||||||||||||||||||||||||||||||
ESG Money Market** | 4.83% | 4.95% | 4.78% | 4.89% | N/A | N/A | N/A | N/A | 4.58% | 4.68% | 4.34% | 4.43% | 4.68% | 4.79% | 4.03%+ | 4.12%+ | N/A | N/A | — | — | ||||||||||||||||
Prime | 4.95% | 5.07% | 4.90% | 5.02% | N/A | N/A | N/A | N/A | 4.70% | 4.82% | N/A | N/A | 4.80% | 4.92% | — | — | 4.95% | 5.07% | 4.95% | 5.07% | ||||||||||||||||
Government | 4.71% | 4.82% | 4.66% | 4.77% | 4.61% | 4.72% | 4.56% | 4.67% | 4.46% | 4.56% | 4.21% | 4.30% | 4.56% | 4.66% | 3.91% | 3.99% | 4.71% | 4.82% | 4.71% | 4.82% | ||||||||||||||||
Government Securities | 4.70% | 4.81% | 4.66% | 4.77% | 4.62% | 4.72% | 4.57% | 4.67% | 4.45% | 4.55% | 4.20% | 4.29% | 4.55% | 4.66% | — | — | — | — | — | — | ||||||||||||||||
Treasury | 4.70% | 4.81% | 4.65% | 4.76% | 4.60% | 4.71% | 4.55% | 4.66% | 4.45% | 4.55% | 4.20% | 4.29% | 4.55% | 4.66% | 3.91% | 3.98% | — | — | — | — | ||||||||||||||||
Treasury Securities | 4.28% | 4.37% | 4.23% | 4.31% | 4.18% | 4.26% | 4.13% | 4.21% | 4.03% | 4.11% | 3.78% | 3.85% | 4.12% | 4.21% | 3.48% | 3.54% | — | — | — | — | ||||||||||||||||
Tax-Exempt | 3.19% | 3.24% | 3.13% | 3.18% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.04% | 3.08% | — | — | — | — | — | — |
* | Class name change for ESG Money Market effective January 23, 2023. |
** | Effective January 23, 2023, the ESG Money Market Portfolio operates as a "retail money market fund." |
+ | Commenced offering on January 23, 2023. |
April 30, 2023 (unaudited)
April 30, 2023 (unaudited)
Beginning Account Value 11/1/22 | Actual Ending Account Value 4/30/23 | Hypothetical Ending Account Value | Actual Expenses Paid During Period | Hypothetical Expenses Paid During Period | Net Expense Ratio During Period+ | |
ESG Money Market Portfolio Wealth Class*** | $1,000.00 | $1,021.36 | $1,023.90 | $0.90 * | $0.90 * | 0.18 % |
ESG Money Market Portfolio Wealth S Class*** | 1,000.00 | 1,021.30 | 1,023.65 | 1.15 * | 1.15 * | 0.23 |
ESG Money Market Portfolio Advisory Class | 1,000.00 | 1,019.89 | 1,022.66 | 2.15 * | 2.16 * | 0.43 |
ESG Money Market Portfolio Participant Class | 1,000.00 | 1,019.04 | 1,021.42 | 3.40 * | 3.41 * | 0.68 |
ESG Money Market Portfolio Cash Management Class | 1,000.00 | 1,020.80 | 1,023.16 | 1.65 * | 1.66 * | 0.33 |
ESG Money Market Portfolio Select Class | 1,000.00 | 1,010.67 | 1,010.79 | 2.65 ** | 2.65 ** | 0.98 |
Prime Portfolio Institutional Class | 1,000.00 | 1,022.64 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Prime Portfolio Institutional Select Class | 1,000.00 | 1,022.38 | 1,023.55 | 1.25 * | 1.25 * | 0.25 |
Prime Portfolio Advisory Class | 1,000.00 | 1,021.37 | 1,022.56 | 2.26 * | 2.26 * | 0.45 |
Prime Portfolio Cash Management Class | 1,000.00 | 1,021.67 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Prime Portfolio CastleOak Shares Class | 1,000.00 | 1,022.43 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Prime Portfolio Impact Class | 1,000.00 | 1,022.64 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Government Portfolio Institutional Class | 1,000.00 | 1,021.10 | 1,024.00 | 0.80 * | 0.80 * | 0.16 |
Government Portfolio Institutional Select Class | 1,000.00 | 1,020.84 | 1,023.75 | 1.05 * | 1.05 * | 0.21 |
Government Portfolio Investor Class | 1,000.00 | 1,020.60 | 1,023.51 | 1.30 * | 1.30 * | 0.26 |
Government Portfolio Administrative Class | 1,000.00 | 1,020.34 | 1,023.26 | 1.55 * | 1.56 * | 0.31 |
Government Portfolio Advisory Class | 1,000.00 | 1,019.84 | 1,022.76 | 2.05 * | 2.06 * | 0.41 |
Government Portfolio Participant Class | 1,000.00 | 1,018.57 | 1,021.52 | 3.30 * | 3.31 * | 0.66 |
Government Portfolio Cash Management Class | 1,000.00 | 1,020.34 | 1,023.26 | 1.55 * | 1.56 * | 0.31 |
Government Portfolio Select Class | 1,000.00 | 1,017.06 | 1,020.03 | 4.80 * | 4.81 * | 0.96 |
Government Portfolio Castleoak Shares Class | 1,000.00 | 1,021.10 | 1,024.00 | 0.80 * | 0.80 * | 0.16 |
Government Portfolio Impact Class | 1,000.00 | 1,021.10 | 1,024.00 | 0.80 * | 0.80 * | 0.16 |
Government Securities Portfolio Institutional Class | 1,000.00 | 1,020.87 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Government Securities Portfolio Institutional Select Class | 1,000.00 | 1,020.62 | 1,023.56 | 1.25 * | 1.25 * | 0.25 |
Government Securities Portfolio Investor Class | 1,000.00 | 1,020.37 | 1,023.31 | 1.50 * | 1.51 * | 0.30 |
Government Securities Portfolio Administrative Class | 1,000.00 | 1,020.12 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Government Securities Portfolio Advisory Class | 1,000.00 | 1,019.60 | 1,022.56 | 2.25 * | 2.26 * | 0.45 |
Government Securities Portfolio Participant Class | 1,000.00 | 1,019.60 | 1,022.56 | 2.25 * | 2.26 * | 0.45 |
Government Securities Portfolio Cash Management Class | 1,000.00 | 1,020.11 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Treasury Portfolio Institutional Class | 1,000.00 | 1,020.89 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Treasury Portfolio Institutional Select Class | 1,000.00 | 1,020.63 | 1,023.55 | 1.25 * | 1.25 * | 0.25 |
Treasury Portfolio Investor Class | 1,000.00 | 1,020.38 | 1,023.31 | 1.50 * | 1.51 * | 0.30 |
Treasury Portfolio Administrative Class | 1,000.00 | 1,020.13 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Treasury Portfolio Advisory Class | 1,000.00 | 1,019.62 | 1,022.56 | 2.25 * | 2.26 * | 0.45 |
Treasury Portfolio Participant Class | 1,000.00 | 1,018.36 | 1,021.32 | 3.50 * | 3.51 * | 0.70 |
Treasury Portfolio Cash Management Class | 1,000.00 | 1,020.13 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Treasury Portfolio Select Class | 1,000.00 | 1,016.84 | 1,019.84 | 5.00 * | 5.01 * | 1.00 |
Treasury Securities Portfolio Institutional Class | 1,000.00 | 1,020.36 | 1,023.80 | 1.00 * | 1.00 * | 0.20 |
Treasury Securities Portfolio Institutional Select Class | 1,000.00 | 1,020.11 | 1,023.56 | 1.25 * | 1.25 * | 0.25 |
Treasury Securities Portfolio Investor Class | 1,000.00 | 1,019.86 | 1,023.31 | 1.50 * | 1.51 * | 0.30 |
Treasury Securities Portfolio Administrative Class | 1,000.00 | 1,019.60 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Treasury Securities Portfolio Advisory Class | 1,000.00 | 1,019.10 | 1,022.56 | 2.25 * | 2.26 * | 0.45 |
Treasury Securities Portfolio Participant Class | 1,000.00 | 1,017.83 | 1,021.32 | 3.50 * | 3.51 * | 0.70 |
Treasury Securities Portfolio Cash Management Class | 1,000.00 | 1,019.60 | 1,023.06 | 1.75 * | 1.76 * | 0.35 |
Treasury Securities Portfolio Select Class | 1,000.00 | 1,016.32 | 1,019.84 | 5.00 * | 5.01 * | 1.00 |
Tax-Exempt Portfolio Institutional Class | 1,000.00 | 1,012.80 | 1,024.00 | 0.80 * | 0.80 * | 0.16 |
Tax-Exempt Portfolio Institutional Select Class | 1,000.00 | 1,012.45 | 1,023.75 | 1.05 * | 1.05 * | 0.21 |
Tax-Exempt Portfolio Cash Management Class | 1,000.00 | 1,012.04 | 1,023.26 | 1.55 * | 1.56 * | 0.31 |
* | Expenses are calculated using each Fund Class’ annualized net expense ratio (as disclosed), multiplied by the average account value over the period and multiplied by 181++/365 (to reflect the most recent one-half year period). |
** | Expenses are calculated using each Fund Class’ annualized net expense ratio (as disclosed), multiplied by the average account value over the period and multiplied by 98++/365 (to reflect the actual days in the period). |
*** | Class name change for ESG Money Market effective January 23, 2023. |
+ | Annualized. |
++ | Adjusted to reflect non-business days accruals. |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Certificates of Deposit (7.8%) | |||
International Banks (7.8%) | |||
Bank of Nova Scotia, 5.10%, 6/21/23 - 11/20/23 | $ | 35,000 | $35,000 |
Canadian Imperial Bank of Commerce 5.15%, 6/23/23 | 25,000 | 25,000 | |
Oversea-Chinese Banking Corp. Ltd. 5.15%, 6/13/23 | 25,000 | 24,999 | |
Sumitomo Mitsui Trust Bank Ltd (New York) 4.80%, 5/2/23 | 50,000 | 50,000 | |
Total Certificates of Deposit (Cost $134,999) | 134,999 | ||
Commercial Paper (a) (25.5%) | |||
Asset-Backed Diversified Financial Services (9.8%) | |||
Cabot Trail Funding LLC 5.34%, 6/22/23 | 25,000 | 24,810 | |
LMA Americas LLC, 5.29%, 6/9/23 - 7/25/23 | 80,000 | 79,327 | |
Nieuw Amsterdam Receivables Corp. 0.00%, 6/23/23 | 25,000 | 24,807 | |
Old Line Funding LLC 5.47%, 11/29/23 | 5,000 | 4,844 | |
Podium Funding Trust 5.32%, 6/20/23 | 10,000 | 9,927 | |
Sheffield Receivables Corp. 5.34%, 6/26/23 | 15,000 | 14,877 | |
Thunder Bay Funding LLC, 5.49%, 11/20/23 - 11/29/23 | 10,000 | 9,694 | |
168,286 | |||
Diversified Financial Services (1.1%) | |||
Ontario Teachers Finance Trust 5.20%, 10/31/23 | 20,000 | 19,491 | |
Domestic Bank (0.9%) | |||
ING US Funding LLC 5.56%, 10/26/23 | 15,000 | 14,599 | |
Finance (2.0%) | |||
CDP Financial, Inc., 5.48%, 11/17/23 - 12/1/23 | 25,000 | 24,239 | |
Citigroup Global Markets, Inc. 5.37%, 7/3/23 | 10,000 | 9,909 | |
34,148 | |||
International Banks (11.7%) | |||
Barclays Bank PLC, 5.48%, 6/21/23 - 11/1/23 (b) | 60,000 | 59,382 | |
DZ Bank AG Deutsche Zentral-Genossenschaftsbank 4.79%, 5/1/23 | 1,000 | 1,000 | |
Federation des Caisses Desjardins 4.81%, 5/3/23 | 50,000 | 49,987 | |
Lloyds Bank PLC, 5.27%, 6/1/23 - 7/5/23 | 55,000 | 54,686 | |
Suncorp Group Ltd., 5.29%, 5/31/23 - 6/21/23 (b) | 30,000 | 29,833 | |
Toronto-Dominion Bank 5.48%, 10/23/23 | 7,000 | 6,819 | |
201,707 | |||
Total Commercial Paper (Cost $438,231) | 438,231 |
Face Amount (000) | Value (000) | ||
Corporate Bonds (1.6%) | |||
Industrials (0.2%) | |||
Kimberly-Clark Corp. 2.40%, 6/1/23 | $ | 4,343 | $4,333 |
International Banks (1.4%) | |||
ASB Bank Ltd. 3.75%, 6/14/23 | 16,181 | 16,154 | |
Nordea Bank AB 5.11%, 6/9/23 | 3,720 | 3,704 | |
Swedbank AB Sparbanken Sverige 1.30%, 6/2/23 | 3,559 | 3,547 | |
23,405 | |||
Total Corporate Bonds (Cost $27,738) | 27,738 | ||
Floating Rate Notes (c) (15.7%) | |||
Asset-Backed Diversified Financial Services (0.4%) | |||
Starbird Funding Corp., | |||
SOFR + 0.52%, 5.33%, 10/4/23 (b) | 7,500 | 7,500 | |
Finance (1.5%) | |||
Citigroup Global Markets, Inc., | |||
SOFR + 0.34%, 5.14%, 11/16/23 (b) | 25,000 | 25,000 | |
International Banks (13.8%) | |||
Bank of Nova Scotia, | |||
SOFR + 0.45%, 5.26%, 10/2/23 | 25,000 | 25,000 | |
SOFR + 0.51%, 5.32%, 7/10/23 (b) | 25,000 | 25,001 | |
BPCE SA, | |||
SOFR + 0.45%, 5.26%, 7/5/23 (b) | 25,000 | 25,000 | |
Canadian Imperial Bank of Commerce, | |||
SOFR + 0.50%, 5.77%, 11/6/23 | 20,000 | 20,000 | |
Macquarie Bank Ltd., | |||
SOFR + 0.47%, 5.27%, 6/13/23 (b) | 30,000 | 30,000 | |
Sumitomo Mitsui Trust Bank Ltd (New York), | |||
SOFR + 0.49%, 5.30%, 12/18/23 - 12/19/23 | 20,000 | 20,000 | |
Svenska Handelsbanken AB, | |||
SOFR + 0.40%, 5.20%, 10/19/23 | 25,000 | 25,000 | |
SOFR + 0.47%, 5.27%, 11/2/23 | 25,000 | 25,000 | |
UBS AG London, | |||
SOFR + 0.35%, 5.20%, 11/15/23 (b) | 5,000 | 5,000 | |
SOFR + 0.35%, 5.21%, 11/17/23 (b) | 5,000 | 5,000 | |
SOFR + 0.60%, 5.42%, 7/6/23 (b) | 28,000 | 28,000 | |
Westpac Banking Corp., | |||
SOFR + 0.42%, 5.23%, 10/6/23 | 5,000 | 5,000 | |
238,001 | |||
Total Floating Rate Notes (Cost $270,501) | 270,501 | ||
Repurchase Agreements (43.1%) | |||
Bank of America Securities, Inc., (4.87%, dated 4/25/23, due 5/2/23; proceeds $10,009; fully collateralized by a U.S. Government agency security, 3.50% due 5/1/52; valued at $10,300) | 10,000 | 10,000 | |
Bank of America Securities, Inc., (4.87%, dated 4/27/23, due 5/4/23; proceeds $25,024; fully collateralized a U.S. Government agency security, 2.00% due 5/1/51; valued at $25,750) | 25,000 | 25,000 | |
Bank of America Securities, Inc., (4.89%, dated 4/28/23, due 5/1/23; proceeds $20,008; fully collateralized by various Corporate Bonds, 2.69% - 3.63% due 9/15/31 - 9/1/49; valued at $21,000) | 20,000 | 20,000 |
April 30, 2023 (unaudited)
ESG Money Market Portfolio
Face Amount (000) | Value (000) | ||
Repurchase Agreements (cont'd) | |||
Bank of America Securities, Inc., (5.26% (c), dated 1/7/23, due 1/26/24; proceeds $31,596; fully collateralized by various Common Stocks and Preferred Stocks; valued at $31,500) (Demand 5/1/23) | $ | 30,000 | $30,000 |
BMO Capital Markets Corp., (4.91%, dated 4/28/23, due 5/1/23; proceeds $30,012; fully collateralized by a U.S. Government agency security, 0.00% due 5/15/23 and Corporate Bonds, 0.38% - 5.63% due 9/29/23 - 4/1/44; valued at $31,277) | 30,000 | 30,000 | |
BNP Paribas SA, (5.01%, dated 4/28/23, due 5/1/23; proceeds $20,008; fully collateralized by various Corporate Bonds, 3.25% - 11.63% due 6/15/25 - 10/10/79; valued at $21,201) | 20,000 | 20,000 | |
BNP Paribas SA, (Interest in $1,550,000 joint repurchase agreement, 4.80% dated 4/28/23 under which BNP Paribas SA, will repurchase the securities provided as collateral for $1,550,620 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities and U.S. Government obligations with various maturities to 5/1/53; valued at $1,593,695) | 200,000 | 200,000 | |
ING Financial Markets LLC, (4.89%, dated 4/28/23, due 5/1/23; proceeds $50,020; fully collateralized by various Corporate Bonds, 0.25% - 5.27% due 9/15/23 - 4/6/71; valued at $52,501) | 50,000 | 50,000 | |
Mizuho Securities USA LLC, (4.93%, dated 4/28/23, due 5/1/23; proceeds $40,016; fully collateralized by various Common Stocks; valued at $42,000) | 40,000 | 40,000 | |
MUFG Securities Americas, Inc., (4.86%, dated 4/28/23, due 5/1/23; proceeds $50,020; fully collateralized by various Corporate Bonds, 0.13% - 5.38% due 11/15/23 - 12/31/79; valued at $52,521) | 50,000 | 50,000 | |
MUFG Securities Americas, Inc., (4.86%, dated 4/28/23, due 5/1/23; proceeds $10,004; fully collateralized by various Corporate Bonds, 1.90% - 3.45% due 7/1/23 - 6/8/51; valued at $10,505) | 10,000 | 10,000 | |
MUFG Securities Americas, Inc., (4.87%, dated 4/28/23, due 5/1/23; proceeds $20,008; fully collateralized by various Common Stocks; valued at $21,009) | 20,000 | 20,000 | |
Natixis SA, (Interest in $500,000 joint repurchase agreement, 4.80% dated 4/28/23 under which Natixis SA, will repurchase the securities provided as collateral for $500,200 on 5/1/23.The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities with various maturities to 4/1/53; valued at $514,996) | 67,000 | 67,000 | |
RBC Capital Markets LLC, (4.92%, dated 4/27/23, due 5/4/23; proceeds $70,067; fully collateralized by various Corporate Bonds, 0.75% - 9.01% due 1/16/24 - 1/15/87(d); valued at $73,500) | 70,000 | 70,000 | |
Societe Generale SA, (4.85%, dated 4/27/23, due 5/4/23; proceeds $60,057; fully collateralized by various Corporate Bonds, 0.00% - 8.13% due 6/30/24 - 11/15/79; valued at $63,059)(d) | 60,000 | 60,000 |
Face Amount (000) | Value (000) | ||
Societe Generale SA, (4.96%, dated 4/28/23, due 5/1/23; proceeds $15,006; fully collateralized by various Corporate Bonds, 2.38% - 11.63% due 3/15/26 - 6/15/35; valued at $16,023) | $ | 15,000 | $15,000 |
TD Securities USA LLC, (4.88%, dated 4/28/23, due 5/1/23; proceeds $25,010; fully collateralized by various Corporate Bonds, 3.20% - 9.70% due 2/15/24 - 4/1/30; valued at $26,251) | 25,000 | 25,000 | |
Total Repurchase Agreements (Cost $742,000) | 742,000 | ||
Time Deposits (6.2%) | |||
International Banks (6.2%) | |||
Barclays Bank PLC (New York Branch) 4.82%, 5/1/23 | 10,000 | 10,000 | |
BNP Paribas SA 4.79%, 5/1/23 | 1,000 | 1,000 | |
Canadian Imperial Bank of Commerce 4.81%, 5/1/23 | 5,000 | 5,000 | |
Cooperatieve Rabobank UA (New York Branch) 4.79%, 5/1/23 | 1,000 | 1,000 | |
Credit Agricole Corporate and Investment Bank 4.80%, 5/1/23 | 1,000 | 1,000 | |
DNB Bank ASA (New York Branch) 4.79%, 5/1/23 | 32,000 | 32,000 | |
Mizuho Bank Ltd. 4.82%, 5/1/23 | 31,000 | 31,000 | |
National Bank of Canada (Montreal Branch) 4.81%, 5/1/23 | 5,000 | 5,000 | |
Skandinaviska Enskilda Banken AB 4.80%, 5/1/23 | 5,000 | 5,000 | |
Svenska Handelsbanken AB (New York) 4.79%, 5/1/23 | 10,000 | 10,000 | |
Toronto-Dominion Bank 4.80%, 5/1/23 | 5,000 | 5,000 | |
Total Time Deposits (Cost $106,000) | 106,000 | ||
Total Investments (99.9%) (Cost $1,719,469) (e) | 1,719,469 | ||
Other Assets in Excess of Liabilities (0.1%) | 2,529 | ||
Net Assets (100.0%) | $1,721,998 |
(a) | The rates shown are the effective yields at the date of purchase. |
(b) | 144A security — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid. |
(c) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(d) | Perpetual - One or more securities do not have a predetermined maturity date. Rates for these securities are fixed for a period of time after which they revert to a floating rate. Interest rates in effect are as of April 30, 2023. |
(e) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
SOFR | Secured Overnight Financing Rate. |
April 30, 2023 (unaudited)
ESG Money Market Portfolio
Portfolio Composition | |
Classification | Percentage of Total Investments |
Repurchase Agreements | 43.2 % |
Commercial Paper | 25.5 |
Floating Rate Notes | 15.7 |
Certificates of Deposit | 7.8 |
Time Deposits | 6.2 |
Other* | 1.6 |
Total Investments | 100.0 % |
* | Industries and/or investment types representing less than 5% of total investments. |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Certificates of Deposit (7.1%) | |||
Domestic Bank (1.3%) | |||
Citibank NA 5.34%, 6/22/23 | $ | 220,000 | $220,039 |
International Banks (5.8%) | |||
Bank of Nova Scotia 5.48%, 11/20/23 | 200,000 | 200,104 | |
Canadian Imperial Bank of Commerce 5.15%, 6/23/23 | 125,000 | 125,041 | |
Nordea Bank AB 4.80%, 5/3/23 | 250,000 | 249,999 | |
Sumitomo Mitsui Trust Bank Ltd (New York), 4.80%, 5/2/23 - 5/3/23 | 370,000 | 370,000 | |
945,144 | |||
Total Certificates of Deposit (Cost $1,165,000) | 1,165,183 | ||
Commercial Paper (a) (23.9%) | |||
Asset-Backed Diversified Financial Services (6.0%) | |||
Atlantic Asset Securitization LLC, 5.12%, 6/20/23 - 10/10/23 (b) | 194,000 | 191,064 | |
Collateralized Commercial Paper FLEX Co. LLC 5.40%, 11/14/23 | 75,000 | 74,978 | |
Fairway Finance Corp. 5.48%, 11/29/23 | 13,500 | 13,074 | |
LMA Americas LLC, 5.36%, 5/9/23 - 7/25/23 (b) | 433,400 | 430,003 | |
Old Line Funding LLC 5.47%, 11/29/23 | 45,000 | 43,600 | |
Podium Funding Trust 5.07%, 6/15/23 | 74,000 | 73,490 | |
Sheffield Receivables Corp. 5.34%, 6/26/23 | 85,000 | 84,277 | |
Thunder Bay Funding LLC, 5.49%, 11/20/23 - 11/29/23 | 76,000 | 73,666 | |
984,152 | |||
Automobile (2.0%) | |||
Toyota Credit Canada, Inc. 5.21%, 7/10/23 | 30,000 | 29,690 | |
Toyota Credit de Puerto Rico Corp., 5.24%, 6/9/23 - 12/1/23 | 188,000 | 185,233 | |
Toyota Finance Australia 5.08%, 6/15/23 | 25,000 | 24,832 | |
Toyota Motor Finance Netherlands BV 5.29%, 5/30/23 | 90,000 | 89,588 | |
329,343 | |||
Diversified Financial Services (0.4%) | |||
Ontario Teachers Finance Trust 5.20%, 10/31/23 | 75,000 | 73,007 | |
Domestic Bank (1.1%) | |||
ING US Funding LLC 5.56%, 10/26/23 | 190,000 | 185,029 | |
Finance (2.7%) | |||
Barclays Capital, Inc., 5.24%, 6/26/23 - 7/3/23 | 65,000 | 64,431 |
Face Amount (000) | Value (000) | ||
CDP Financial, Inc., 5.29%, 6/1/23 - 12/6/23 | $ | 230,000 | $224,505 |
Citigroup Global Markets, Inc., 5.37%, 7/3/23 - 7/6/23 | 160,000 | 158,460 | |
447,396 | |||
International Banks (11.7%) | |||
Barclays Bank PLC, 5.67%, 5/2/23 - 11/2/23 (b) | 301,239 | 296,437 | |
BPCE SA, 5.13%, 6/6/23 - 6/9/23 | 250,000 | 248,596 | |
DBS Bank Ltd. 5.16%, 6/16/23 | 75,000 | 74,494 | |
DZ Bank AG Deutsche Zentral-Genossenschaftsbank 4.79%, 5/1/23 | 166,000 | 165,934 | |
Federation des Caisses Desjardins, 4.81%, 5/1/23 - 5/3/23 | 550,000 | 549,670 | |
Lloyds Bank PLC 5.17%, 7/5/23 | 125,000 | 123,788 | |
Macquarie Bank Ltd. 5.28%, 7/21/23 | 12,450 | 12,302 | |
Mizuho Bank Ltd. 5.15%, 7/14/23 | 109,000 | 107,787 | |
Suncorp Group Ltd., 5.39%, 5/10/23 - 7/10/23 (b) | 345,000 | 342,900 | |
1,921,908 | |||
Total Commercial Paper (Cost $3,942,468) | 3,940,835 | ||
Corporate Bonds (0.2%) | |||
International Banks (0.2%) | |||
Swedbank AB Sparbanken Sverige 1.30%, 6/2/23 | 25,650 | 25,545 | |
UBS AG London 0.38%, 6/1/23 | 5,424 | 5,403 | |
Total Corporate Bonds (Cost $30,965) | 30,948 | ||
Floating Rate Notes (c) (23.2%) | |||
Asset-Backed Diversified Financial Services (1.9%) | |||
Fairway Finance Corp., | |||
SOFR + 0.43%, 5.24%, 6/26/23 (b) | 40,000 | 40,015 | |
SOFR + 0.70%, 5.51%, 5/3/23 (b) | 50,000 | 50,004 | |
Old Line Funding LLC, | |||
SOFR + 0.41%, 5.21%, 7/5/23 (b) | 100,000 | 100,044 | |
Starbird Funding Corp., | |||
SOFR + 0.44%, 5.25%, 6/20/23 (b) | 50,000 | 50,019 | |
SOFR + 0.52%, 5.33%, 10/3/23 - 10/4/23 (b) | 75,000 | 75,044 | |
315,126 | |||
Automobile (0.1%) | |||
Toyota Motor Credit Corp., | |||
SOFR + 0.75%, 5.55%, 12/11/23 | 22,000 | 22,029 | |
Domestic Banks (2.4%) | |||
Wells Fargo Bank NA, | |||
SOFR + 0.47%, 5.28%, 12/18/23 | 250,000 | 250,066 | |
SOFR + 0.50%, 5.31%, 12/20/23 | 150,000 | 150,068 | |
400,134 | |||
Finance (0.5%) | |||
Citigroup Global Markets, Inc., | |||
SOFR + 0.34%, 5.14%, 11/16/23 (b) | 85,000 | 84,907 |
April 30, 2023 (unaudited)
Prime Portfolio
Face Amount (000) | Value (000) | ||
Floating Rate Notes (cont'd) | |||
International Banks (18.3%) | |||
Australia And New Zealand Banking, | |||
SOFR + 0.60%, 5.41%, 6/16/23 (b) | $ | 50,000 | $50,029 |
SOFR + 0.67%, 5.48%, 5/2/23 (b) | 50,000 | 50,003 | |
Bank of Nova Scotia, | |||
SOFR + 0.45%, 5.26%, 10/2/23 | 150,000 | 150,084 | |
SOFR + 0.50%, 5.31%, 10/31/23 | 125,000 | 125,082 | |
Barclays Bank PLC, | |||
SOFR + 0.68%, 5.48%, 5/10/23 | 250,000 | 250,046 | |
BPCE SA, | |||
SOFR + 0.43%, 5.24%, 7/5/23 (b) | 200,000 | 200,084 | |
SOFR + 0.45%, 5.26%, 7/5/23 (b) | 225,000 | 225,103 | |
Canadian Imperial Bank of Commerce, | |||
SOFR + 0.50%, 5.77%, 11/6/23 | 150,000 | 150,143 | |
SOFR + 0.68%, 6.13%, 5/2/23 | 100,000 | 100,006 | |
Canadian Imperial Holdings, Inc., | |||
SOFR + 0.64%, 5.45%, 5/8/23 (b) | 50,000 | 50,008 | |
Macquarie Bank Ltd., | |||
SOFR + 0.47%, 5.27%, 6/13/23 (b) | 150,000 | 150,062 | |
Nordea Bank AB, | |||
SOFR + 0.46%, 5.27%, 11/3/23 | 75,000 | 75,052 | |
SOFR + 0.60%, 5.41%, 6/15/23 (b) | 125,000 | 125,072 | |
Royal Bank of Canada, | |||
SOFR + 0.65%, 5.46%, 5/10/23 (b) | 100,000 | 100,016 | |
SOFR + 0.66%, 5.47%, 5/4/23 (b) | 125,000 | 125,010 | |
Sumitomo Mitsui Trust Bank Ltd (New York), | |||
SOFR + 0.49%, 5.30%, 12/18/23 - 12/19/23 | 170,000 | 170,010 | |
Svenska Handelsbanken AB, | |||
SOFR + 0.47%, 5.27%, 11/2/23 | 175,000 | 175,094 | |
SOFR + 0.68%, 5.48%, 5/1/23 (b) | 200,000 | 200,010 | |
Toronto-Dominion Bank, | |||
SOFR + 0.64%, 5.44%, 6/21/23 (b) | 100,000 | 100,074 | |
5.46%, 5/15/23 (b) | 75,000 | 75,019 | |
UBS AG London, | |||
SOFR + 0.32%, 5.16%, 6/1/23 (b) | 12,575 | 12,575 | |
SOFR + 0.35%, 5.20%, 11/15/23 (b) | 50,000 | 49,979 | |
SOFR + 0.35%, 5.21%, 11/17/23 (b) | 75,000 | 74,969 | |
SOFR + 0.60%, 5.42%, 7/6/23 (b) | 72,000 | 72,001 | |
SOFR + 0.69%, 5.52%, 6/21/23 (b) | 100,000 | 100,001 | |
Westpac Banking Corp., | |||
SOFR + 0.63%, 5.44%, 6/9/23 (b) | 49,700 | 49,727 | |
3,005,259 | |||
Total Floating Rate Notes (Cost $3,826,279) | 3,827,455 | ||
Repurchase Agreements (35.5%) | |||
ABN Amro Securities LLC, (4.96%, dated 4/28/23, due 5/1/23; proceeds $250,103; fully collateralized by various Corporate Bonds, 0.40% - 9.00% due 5/1/23 - 10/14/52; U.S. Government agency securities, 3.00% - 5.00% due 7/1/40 - 11/20/52 and U.S. Government obligations, 1.13% - 3.13% due 1/15/25 - 5/15/26; valued at $260,158) | 250,000 | 250,000 |
Face Amount (000) | Value (000) | ||
ABN Amro Securities LLC, (Interest in $1,050,000 joint repurchase agreement, 4.80% dated 4/28/23 under which ABN Amro Securities LLC, will repurchase the securities provided as collateral for $1,050,420 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities and U.S. Government obligations with various maturities to 4/1/53; valued at $1,080,342) | $ | 450,000 | $450,000 |
Bank of America Securities, Inc., (4.87%, dated 4/25/23, due 5/2/23; proceeds $90,085; fully collateralized by various Corporate Bonds, 0.55% - 7.95% due 6/8/23 - 5/15/77; valued at $94,501) | 90,000 | 90,000 | |
Bank of America Securities, Inc., (4.87%, dated 4/27/23, due 5/4/23; proceeds $75,071; fully collateralized by various Corporate Bonds, 0.75% - 9.63% due 5/9/23 -10/27/81 and U.S. Government agency securities, 2.00% - 3.50% due 5/1/51 - 5/1/52 (d); valued at $78,389) | 75,000 | 75,000 | |
Bank of America Securities, Inc., (4.89%, dated 4/25/23, due 5/2/23; proceeds $100,095; fully collateralized by various Corporate Bonds, 3.38% - 11.63% due 4/15/25 - 6/4/81; valued at $106,000) | 100,000 | 100,000 | |
Bank of America Securities, Inc., (4.89%, dated 4/27/23, due 5/4/23; proceeds $100,095; fully collateralized by various Corporate Bonds, 4.44% - 11.25% due 11/14/24 - 7/15/32(d); valued at $105,955) | 100,000 | 100,000 | |
Bank of America Securities, Inc., (4.89%, dated 4/28/23, due 5/1/23; proceeds $80,033; fully collateralized by various Corporate Bonds, 3.00% - 9.25% due 11/15/23 - 8/15/48; valued at $84,760) | 80,000 | 80,000 | |
Bank of America Securities, Inc., (5.26% (c), dated 1/7/23, due 7/27/23; proceeds $51,322; fully collateralized by various Common Stocks and Preferred Stocks; valued at $52,500) (Demand 5/1/23) | 50,000 | 50,000 | |
BMO Capital Markets Corp., (4.91%, dated 4/28/23, due 5/1/23; proceeds $25,010; fully collateralized by a U.S. Government agency security, 0.00% due 5/15/23 and Corporate Bonds, 2.15% - 4.97% due 1/29/24 - 5/19/46; valued at $26,093) | 25,000 | 25,000 | |
BNP Paribas SA, (5.01%, dated 4/28/23, due 5/1/23; proceeds $30,013; fully collateralized by various Corporate Bonds, 2.30% - 10.50% due 9/1/25 - 4/1/50; valued at $31,630) | 30,000 | 30,000 | |
BNP Paribas SA, (5.02% (c), dated 6/29/22, due 5/5/23; proceeds $73,026; fully collateralized by various Corporate Bonds, 1.15% - 13.50% due 4/15/24 - 12/31/79 (d); valued at $74,026) (Demand 5/1/23) | 70,000 | 70,000 | |
BNP Paribas SA, (5.08% (c), dated 5/16/22, due 5/5/23; proceeds $477,729; fully collateralized by various Corporate Bonds, 3.13% - 12.75% due 2/2/24 - 12/31/79 (d); valued at $482,198) (Demand 5/1/23) | 455,000 | 455,000 | |
Credit Agricole Corporate and Investment Bank, (4.90% (c), dated 1/18/23, due 5/5/23; proceeds $101,456; fully collateralized by various Corporate Bonds, 0.86% - 7.88% due 10/17/23 - 6/1/54 (d); valued at $105,000) (Demand 5/1/23) | 100,000 | 100,000 |
April 30, 2023 (unaudited)
Prime Portfolio
Face Amount (000) | Value (000) | ||
Repurchase Agreements (cont'd) | |||
Federal Reserve Bank of New York, (4.80%, dated 4/28/23, due 5/1/23; proceeds $900,360; fully collateralized by a U.S. Government obligation, 0.25% due 5/15/24; valued at $900,360) | $ | 900,000 | $900,000 |
JP Morgan Securities LLC, (5.03% (c), dated 9/7/21, due 5/5/23; proceeds $97,608; fully collateralized by various Common Stocks and Preferred Stocks; valued at $94,870) (Demand 5/1/23) | 90,000 | 90,000 | |
JP Morgan Securities LLC, (5.06% (c), dated 11/17/21, due 5/5/23; proceeds $198,885; fully collateralized by various Common Stocks and Preferred Stocks; valued at $195,016) (Demand 5/1/23) | 185,000 | 185,000 | |
JP Morgan Securities LLC, (5.26% (c), dated 1/5/23, due 7/27/23; proceeds $319,195; fully collateralized by various Corporate Bonds, 2.05% - 11.50% due 11/15/23 - 4/1/46 (d); valued at $329,938) (Demand 5/1/23) | 310,000 | 310,000 | |
Mizuho Securities USA LLC, (4.93%, dated 4/28/23, due 5/1/23; proceeds $160,066; fully collateralized by various Common Stocks; valued at $168,000) | 160,000 | 160,000 | |
MUFG Securities Americas, Inc., (4.86%, dated 4/28/23, due 5/1/23; proceeds $250,101; fully collateralized by various Corporate Bonds, 0.45% - 7.30% due 5/1/23 - 12/31/79 and a U.S. Government agency security, 3.50% due 9/20/36 (d); valued at $262,607) | 250,000 | 250,000 | |
MUFG Securities Americas, Inc., (4.86%, dated 4/28/23, due 5/1/23; proceeds $80,032; fully collateralized by various Corporate Bonds, 0.52% - 8.00% due 5/14/23 - 3/15/53; valued at $84,034) | 80,000 | 80,000 | |
MUFG Securities Americas, Inc., (4.87%, dated 4/28/23, due 5/1/23; proceeds $105,043; fully collateralized by various Common Stocks (d); valued at $110,295) | 105,000 | 105,000 | |
RBC Capital Markets LLC, (4.92% , dated 4/27/23, due 5/4/23; proceeds $330,316; fully collateralized by various Corporate Bonds, 0.79% - 8.25% due 7/26/23 - 1/15/87; valued at $346,500) | 330,000 | 330,000 | |
Societe Generale SA, (4.85%, dated 4/27/23, due 5/4/23; proceeds $470,443; fully collateralized by various Corporate Bonds, 0.52% - 8.00% due 5/1/23 - 11/15/95 and U.S. Government obligations, 3.00% - 4.38% due 5/15/40 - 8/15/52 (d); valued at $493,965) | 470,000 | 470,000 | |
Societe Generale SA, (4.96%, dated 4/28/23, due 5/1/23; proceeds $347,143; fully collateralized by various Corporate Bonds, 0.81% - 13.00% due 5/4/23 - 5/15/97 (d); valued at $367,867) | 347,000 | 347,000 | |
TD Securities USA LLC, (4.88%, dated 4/28/23, due 5/1/23; proceeds $55,022; fully collateralized by various Corporate Bonds, 2.53% - 5.05% due 8/13/24 - 6/1/50; valued at $57,750) | 55,000 | 55,000 | |
Wells Fargo Securities LLC, (5.47%, dated 3/10/23, due 6/7/23; proceeds $101,352; fully collateralized by various Corporate Bonds, 0.81% - 5.95% due 5/22/23 - 7/21/52; valued at $105,000) | 100,000 | 100,000 |
Face Amount (000) | Value (000) | ||
Wells Fargo Securities LLC, (5.47%, dated 3/10/23, due 6/7/23; proceeds $135,812; fully collateralized by various Common Stocks and Preferred Stocks; valued at $140,700) | $ | 134,000 | $134,000 |
Wells Fargo Securities LLC, (Interest in $3,650,000 joint repurchase agreement, 4.81% dated 4/28/23 under which Wells Fargo Securities LLC, will repurchase the securities provided as collateral for $3,651,463 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities with various maturities to 6/1/57; valued at $3,759,500) | 452,000 | 452,000 | |
Total Repurchase Agreements (Cost $5,843,000) | 5,843,000 | ||
Time Deposits (10.0%) | |||
International Banks (10.0%) | |||
Bank of Nova Scotia (Toronto Branch) 4.82%, 5/1/23 | 50,000 | 50,000 | |
Barclays Bank PLC (New York Branch) 4.82%, 5/1/23 | 118,000 | 118,000 | |
BNP Paribas SA 4.79%, 5/1/23 | 50,000 | 50,000 | |
Canadian Imperial Bank of Commerce 4.81%, 5/1/23 | 40,000 | 40,000 | |
Cooperatieve Rabobank UA (New York Branch) 4.79%, 5/1/23 | 49,000 | 49,000 | |
Credit Agricole Corporate and Investment Bank 4.80%, 5/1/23 | 93,000 | 93,000 | |
DNB Bank ASA (New York Branch) 4.79%, 5/1/23 | 78,000 | 78,000 | |
Mizuho Bank Ltd. 4.82%, 5/1/23 | 464,000 | 464,000 | |
National Bank of Canada (Montreal Branch) 4.81%, 5/1/23 | 593,000 | 593,000 | |
Skandinaviska Enskilda Banken AB 4.80%, 5/1/23 | 25,000 | 25,000 | |
Svenska Handelsbanken AB (New York) 4.79%, 5/1/23 | 75,000 | 75,000 | |
Toronto-Dominion Bank 4.80%, 5/1/23 | 5,000 | 5,000 | |
Total Time Deposits (Cost $1,640,000) | 1,640,000 | ||
Total Investments (99.9%) (Cost $16,447,712) (e) | 16,447,421 | ||
Other Assets in Excess of Liabilities (0.1%) | 18,037 | ||
Net Assets (100.0%) | $16,465,458 |
(a) | The rates shown are the effective yields at the date of purchase. |
(b) | 144A security — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid. |
(c) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
April 30, 2023 (unaudited)
Prime Portfolio
(d) | Perpetual - One or more securities do not have a predetermined maturity date. Rates for these securities are fixed for a period of time after which they revert to a floating rate. Interest rates in effect are as of April 30, 2023. |
(e) | At April 30, 2023, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is $1,633,218 and the aggregate gross unrealized depreciation is $1,924,703, resulting in net unrealized depreciation of $291,485. |
SOFR | Secured Overnight Financing Rate. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
Repurchase Agreements | 35.5 % |
Commercial Paper | 23.9 |
Floating Rate Notes | 23.3 |
Time Deposits | 10.0 |
Certificates of Deposit | 7.1 |
Other* | 0.2 |
Total Investments | 100.0 % |
* | Industries and/or investment types representing less than 5% of total investments. |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Repurchase Agreements (83.2%) | |||
ABN Amro Securities LLC, (Interest in $1,050,000 joint repurchase agreement, 4.80% dated 4/28/23 under which ABN Amro Securities LLC, will repurchase the securities provided as collateral for $1,050,420 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities and U.S. Government obligations with various maturities to 4/1/53; valued at $1,080,342) | $ | 448,000 | $448,000 |
Bank of America Securities, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $200,080; fully collateralized by various U.S. Government obligations, 0.13% - 1.63% due 4/15/24 - 1/15/31; valued at $204,000) | 200,000 | 200,000 | |
Bank of America Securities, Inc., (4.80%, dated 4/28/23, due 5/1/23; proceeds $300,120; fully collateralized by various U.S. Government obligations, 3.00% - 4.38% due 2/15/38 - 2/15/47; valued at $306,00) | 300,000 | 300,000 | |
Bank of America Securities, Inc., (4.80%, dated 4/28/23, due 5/1/23; proceeds $300,120; fully collateralized by various U.S. Government obligations, 3.00% due 2/15/47; valued at $306,000) | 300,000 | 300,000 | |
Bank of America Securities, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $40,1600; fully collateralized by various U.S. Government agency securities, 2.00% - 5.00% due 2/20/51 - 3/20/53; valued at $412,000) | 400,000 | 400,000 | |
Bank of America Securities, Inc., (4.80%, dated 4/28/23, due 5/1/23; proceeds $500,200; fully collateralized by various U.S. Government agency securities, 1.50% - 6.50% due 12/1/33 - 5/1/53; valued at $515,000) | 500,000 | 500,000 | |
Bank of America Securities, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $600,240; fully collateralized by various U.S. Government agency securities, 1.50% - 6.50% due 1/1/47 - 4/1/53; valued at $618,000) | 600,000 | 600,000 | |
Bank of America Securities, Inc., (4.82%, dated 4/28/23, due 5/1/23; proceeds $1,060,426; fully collateralized by various U.S. Government agency securities, 1.50% - 6.00% due 7/1/36 - 3/1/61; valued at $1,091,800) | 1,060,000 | 1,060,000 | |
Bank of Montreal, (4.89%, dated 3/23/23, due 5/4/23; proceeds $250,042; fully collateralized by various U.S. Government agency securities, 0.00% - 5.00% due 2/25/29 - 3/20/72; valued at $262,425) | 250,000 | 250,000 | |
Bank of Nova Scotia, (4.76%, dated 4/8/23, due 5/1/23; proceeds $756,300; fully collateralized by various U.S. Government obligations, 0.13% - 5.38% due 7/15/23 - 2/15/53; valued at $771,120) | 756,000 | 756,000 | |
Barclays Bank PLC, (4.89% (a), dated 2/20/20, due 5/5/23; proceeds $115,893; fully collateralized by a U.S. Government agency security, 5.00% due 9/1/52; valued at $103,392) (Demand 5/1/23) | 100,000 | 100,000 |
Face Amount (000) | Value (000) | ||
Barclays Bank PLC, (4.89% (a), dated 3/6/19, due 5/5/23; proceeds $241,321; fully collateralized by various U.S. Government agency securities, 1.18% - 5.50% due 9/1/51 - 4/1/53; valued at $207,313) (Demand 5/1/23) | $ | 200,000 | $200,000 |
Barclays Bank PLC, (4.94% (a), dated 5/10/22, due 6/2/23; proceeds $210,648; fully collateralized by various U.S. Government agency securities, 2.50% - 5.50% due 9/1/51 - 3/1/53; valued at $206,793) (Demand 5/1/23) | 200,000 | 200,000 | |
BMO Capital Markets Corp., (4.83%, dated 4/28/23, due 5/1/23; proceeds $150,060; fully collateralized by various U.S. Government agency securities, 4.09% - 9.07% due 5/15/23 - 2/1/48; valued at $154,367) | 150,000 | 150,000 | |
BMO Capital Markets Corp., (4.84%, dated 3/23/23, due 5/4/23; proceeds $603,388; fully collateralized by various U.S. Government agency securities, 4.26% - 9.45% due 5/15/23 - 12/15/64; valued at $617,940) | 600,000 | 600,000 | |
BMO Capital Markets Corp., (4.88%, dated 4/28/23, due 5/1/23; proceeds $250,102; fully collateralized by various U.S. Government agency securities, 0.02% - 5.59% due 7/25/23 - 11/20/72; valued at $262,500) | 250,000 | 250,000 | |
BMO Capital Markets Corp., (4.89%, dated 3/23/23, due 5/4/23; proceeds $402,282; fully collateralized by various U.S. Government agency securities 0.00% - 6.00% due 5/15/23 - 1/20/73; valued at $419,880) | 400,000 | 400,000 | |
BNP Paribas SA, (4.78%, dated 4/8/23, due 5/1/23; proceeds $70,028; fully collateralized by various U.S. Government obligations, 0.13% due 10/26/23 - 4/15/26; valued at $71,400) | 70,000 | 70,000 | |
BNP Paribas SA, (5.01% (a), dated 3/23/21, due 6/27/23; proceeds $111,495; fully collateralized by various U.S. Government agency securities, 0.21% - 6.00% due 3/20/41 - 2/25/54 and U.S. Government obligations, 0.13% - 1.75% due 12/31/24 -2/15/40; valued at $104,445) (Demand 5/1/23) | 100,000 | 100,000 | |
BNP Paribas SA, (5.01% (a), dated 4/8/20, due 6/2/23; proceeds $348,013; fully collateralized by various U.S. Government agency securities, 0.11% - 6.00% due 9/1/30 - 12/25/61 and U.S. Government obligations, 0.00% - 2.88% due 5/2/23 - 12/31/24; valued at $313,520) (Demand 5/1/23) | 300,000 | 300,000 | |
BNP Paribas SA, (5.01% (a), dated 5/6/22, due 6/7/23; proceeds $423,213; fully collateralized by various U.S. Government agency securities, 0.01% - 6.00% due 12/15/26 - 11/20/72 and U.S. Government obligations, 2.13% - 3.13% due 2/15/30 - 5/15/48; valued at $418,886) (Demand 5/1/23) | 400,000 | 400,000 | |
BNP Paribas SA, (5.01% (a), dated 9/2/20, due 6/2/23; proceeds $113,958; fully collateralized by various U.S. Government agency securities, 0.13% - 6.50% due 2/1/36 - 3/20/53 and a U.S. Government obligation, 3.13% due 5/15/48; valued at $104,476) (Demand 5/1/23) | 100,000 | 100,000 |
April 30, 2023 (unaudited)
Government Portfolio
Face Amount (000) | Value (000) | ||
Repurchase Agreements (cont'd) | |||
BNP Paribas SA, (Interest in $1,100,000 joint repurchase agreement, 4.78% dated 4/28/23 under which BNP Paribas SA, will repurchase the securities provided as collateral for $1,100,438 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government obligations with various maturities to 5/15/50; valued at $1,122,000) | $ | 581,000 | $581,000 |
BNP Paribas SA, (Interest in $1,550,000 joint repurchase agreement, 4.80% dated 4/28/23 under which BNP Paribas SA, will repurchase the securities provided as collateral for $1,550,620 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities and U.S. Government obligations with various maturities to 5/1/53; valued at $1,593,695) | 1,205,000 | 1,205,000 | |
Canadian Imperial Bank of Commerce, (4.80%, dated 4/28/23, due 5/1/23; proceeds $100,040; fully collateralized by various U.S. Government agency securities, 3.00% - 5.44% due 11/1/49 - 5/15/58 and U.S. Government obligations, 0.75% - 3.25% due 8/15/26 - 1/31/28; valued at $102,997) | 100,000 | 100,000 | |
Canadian Imperial Bank of Commerce, (4.81%, dated 3/23/23, due 5/4/23; proceeds $1,005,612; fully collateralized by various U.S. Government agency securities, 1.50% - 8.50% due 12/1/25 - 5/15/58 and U.S. Government obligations, 0.63% -3.25% due 8/15/23 - 11/30/27; valued at $1,029,682) | 1,000,000 | 1,000,000 | |
Canadian Imperial Bank of Commerce, (4.87%, dated 3/23/23, due 5/4/23; proceeds $40,227; fully collateralized by various U.S. Government agency securities, 0.08% - 7.50% due 10/15/23 - 4/25/55 and U.S. Government obligations, 0.75% - 3.00% due 7/15/25 - 1/31/28; valued at $41,276) | 40,000 | 40,000 | |
Citibank NA, (4.81%, dated 4/27/23, due 5/4/23; proceeds $500,468; fully collateralized by various U.S. Government agency securities, 0.25% - 8.38% due 8/6/23 - 10/20/67 and U.S. Government obligations, 0.13% - 4.25% due 6/30/24 - 2/15/53; valued at $510,879) | 500,000 | 500,000 | |
Citigroup Global Markets, Inc., (4.81%, dated 4/27/23, due 5/4/23; proceeds $1,501,403; fully collateralized by various U.S. Government agency securities, 2.00% - 7.50% due 6/20/52 - 2/20/53 and a U.S. Government obligation, 2.38% due 3/31/29; valued at $1,544,959) | 1,500,000 | 1,500,000 | |
Credit Agricole Corporate and Investment Bank, (4.77%, dated 4/8/23, due 5/1/23; proceeds $100,040; fully collateralized by various U.S. Government obligations, 1.13% - 2.75% due 2/15/31 - 8/15/32; valued at $102,000) | 100,000 | 100,000 | |
Credit Agricole Corporate and Investment Bank, (4.77%, dated 4/8/23, due 5/1/23; proceeds $25,010; fully collateralized by a U.S. Government obligation, 2.25% due 8/15/27; valued at $25,500) | 25,000 | 25,000 |
Face Amount (000) | Value (000) | ||
Credit Agricole Corporate and Investment Bank, (4.77%, dated 4/28/23, due 5/1/23; proceeds $550,219; fully collateralized by various U.S. Government obligations, 0.38% - 2.88% due 12/31/25 - 8/15/30; valued at $561,000) | $ | 550,000 | $550,000 |
Credit Agricole Corporate and Investment Bank, (Interest in $300,000 joint repurchase agreement, 4.77% dated 4/28/23 under which Credit Agricole Corporate and Investment Bank, will repurchase the securities provided as collateral for $300,119 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government obligations with various maturities to 10/31/27; valued at $306,000) | 300,000 | 300,000 | |
Daiwa Capital Markets America, Inc., (4.78%, dated 4/28/23, due 5/1/23; proceeds $300,120; fully collateralized by various U.S. Government obligations, 0.38% - 4.25% due 7/15/23 - 3/31/28; valued at $306,122) | 300,000 | 300,000 | |
Daiwa Capital Markets America, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $1,000,400; fully collateralized by various U.S. Government agency securities, 1.50% - 7.00% due 7/14/23 - 5/1/53 and U.S. Government obligations, 1.63% - 3.88% due 7/27/23 - 8/15/40; valued at $1,030,403) | 1,000,000 | 1,000,000 | |
Deutsche Bank Securities, Inc., (4.78%, dated 4/8/23, due 5/1/23; proceeds $300,120; fully collateralized by various U.S. Government obligations, 0.13% - 1.13% due 4/15/27- 1/15/33; valued at $306,000) | 300,000 | 300,000 | |
Deutsche Bank Securities, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $500,200; fully collateralized by various U.S. Government agency securities 0.00% - 7.13% due 5/2/23 - 3/1/53 and U.S. Government obligations, 0.13% - 5.33% due 5/9/23 - 2/15/46; valued at $512,323) | 500,000 | 500,000 | |
Federal Reserve Bank of New York, (4.80%, dated 4/28/23, due 5/1/23; proceeds $74,929,960; fully collateralized by various U.S. Government obligations, 3.75% - 4.38% due 8/15/40 - 8/15/41; valued at $74,929,960) | 74,900,000 | 74,900,000 | |
Fixed Income Clearing Corp., (4.78%, dated 4/28/23, due 5/1/23; proceeds $1,600,640; fully collateralized by various U.S. Government obligations, 2.75% - 3.88% due 6/30/27 - 12/31/29; valued at $1,632,000) | 1,600,000 | 1,600,000 | |
Fixed Income Clearing Corp., (4.80%, dated 4/28/23, due 5/1/23; proceeds $9,003,600; fully collateralized by various U.S. Government obligations, 0.13% - 3.88% due 5/31/23 - 2/15/43; valued at $9,183,672) | 9,000,000 | 9,000,000 | |
Goldman Sachs & Co., (4.81%, dated 4/27/23, due 5/4/23; proceeds $400,374; fully collateralized by various U.S. Government obligations, 0.00% due 5/4/23 - 11/15/52; valued at $408,000) | 400,000 | 400,000 | |
ING Financial Markets LLC, (4.80%, dated 4/26/23, due 5/3/23; proceeds $150,140; fully collateralized by various U.S. Government obligations, 0.25% - 4.00% due 5/9/23 - 11/15/52; valued at $153,000) | 150,000 | 150,000 |
April 30, 2023 (unaudited)
Government Portfolio
Face Amount (000) | Value (000) | ||
Repurchase Agreements (cont'd) | |||
ING Financial Markets LLC, (4.80%, dated 4/8/23, due 5/1/23; proceeds $250,100; fully collateralized by various U.S. Government obligations, 0.13% - 5.38% due 9/30/23 - 11/15/51; valued at $255,000) | $ | 250,000 | $250,000 |
ING Financial Markets LLC, (4.80%, dated 4/8/23, due 5/1/23; proceeds $300,120; fully collateralized by various U.S. Government agency securities, 1.50% - 7.50% due 6/1/29 - 8/1/56; valued at $309,000) | 300,000 | 300,000 | |
JP Morgan Securities LLC, (4.75%, dated 4/8/23, due 5/1/23; proceeds $100,040; fully collateralized by various U.S. Government agency securities, 2.00% - 5.70% due 5/11/23 - 1/15/58; valued at $103,039) | 100,000 | 100,000 | |
JP Morgan Securities LLC, (4.77%, dated 4/8/23, due 5/1/23; proceeds $750,298; fully collateralized by various U.S. Government obligations, 0.25% - 3.13% due 10/26/23 - 6/30/26; valued at $765,304) | 750,000 | 750,000 | |
JP Morgan Securities LLC, (4.80%, dated 4/8/23, due 5/1/23; proceeds $7,002,800; fully collateralized by various U.S. Government agency securities, 1.50% - 8.50% due 5/18/23 - 3/15/65; valued at $7,212,234) | 7,000,000 | 7,000,000 | |
JP Morgan Securities LLC, (4.97% (a), dated 4/28/22, due 7/8/23; proceeds $318,886; fully collateralized by various U.S. Government agency securities, 0.10% - 5.50% due 4/25/30 - 7/16/64; valued at $316,217) (Demand 5/1/23) | 300,000 | 300,000 | |
JP Morgan Securities LLC, (4.97% (a), dated 5/23/22, due 7/28/23; proceeds $529,751; fully collateralized by various U.S. Government agency securities, 0.19% - 5.50% due 1/15/40 - 6/16/64; valued at $527,029) (Demand 5/1/23) | 500,000 | 500,000 | |
JP Morgan Securities LLC, (4.97% (a), dated 6/1/22, due 7/28/23; proceeds $529,130; fully collateralized by various U.S. Government agency securities, 0.01% - 6.06% due 10/25/24 - 7/16/64; valued at $527,029) (Demand 5/1/23) | 500,000 | 500,000 | |
JP Morgan Securities LLC, (4.97% (a), dated 8/17/21, due 7/8/23; proceeds $1,235,272; fully collateralized by various U.S. Government agency securities, 0.01% - 9.86% due 2/25/26 - 7/16/64; valued at $1,185,815) (Demand 5/1/23) | 1,125,000 | 1,125,000 | |
Mizuho Securities USA LLC, (4.91%, dated 3/23/23, due 5/4/23; proceeds $251,432; fully collateralized by various U.S. Government agency securities, 0.05% - 6.44% due 5/20/33 - 4/20/53; valued at $262,500) | 250,000 | 250,000 | |
Mizuho Securities USA LLC, (4.94% (a), dated 10/26/21, due 6/2/23; proceeds $1,080,138; fully collateralized by various U.S. Government agency securities, 0.01% - 9.88% due 2/25/25 - 8/25/61 and U.S. Government obligations, 0.13% -2.38% due 8/31/23 - 3/31/29; valued at $1,047,614) (Demand 5/1/23) | 1,000,000 | 1,000,000 |
Face Amount (000) | Value (000) | ||
MUFG Securities (Canada) Ltd., (4.80% , dated 4/8/23, due 5/1/23; proceeds $850,340; fully collateralized by various U.S. Government agency securities, 0.25% - 6.00% due 5/22/23 - 4/1/53 and U.S. Government obligations, 0.25% - 4.00% due 1/15/25 - 2/15/45; valued at $874,894) | $ | 850,000 | $850,000 |
MUFG Securities Americas, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $250,100; fully collateralized by various U.S. Government agency securities, 2.00% - 6.50% due 7/1/24 - 4/1/53; valued at $257,603) | 250,000 | 250,000 | |
Natixis SA, (4.77%, dated 4/8/23, due 5/1/23; proceeds $800,318; fully collateralized by various U.S. Government obligations, 0.13% - 6.38% due 7/13/23 - 2/15/53; valued at $816,000) | 800,000 | 800,000 | |
Natixis SA, (4.81%, dated 3/23/23, due 5/4/23; proceeds $1,005,612; fully collateralized by various U.S. Government agency securities, 2.09% - 6.00% due 12/1/27 - 9/15/65; valued at $1,029,191) | 1,000,000 | 1,000,000 | |
Natixis SA, (4.81%, dated 4/5/23, due 5/4/23; proceeds $501,937; fully collateralized by various U.S. Government agency securities, 2.70% - 6.00% due 6/21/41 - 9/15/65 and U.S. Government obligations, 0.13% - 3.88% due 7/13/23 - 2/15/53; valued at $512,320) | 500,000 | 500,000 | |
Natixis SA, (4.86% (a), dated 12/8/21, due 5/5/23; proceeds $80,194; fully collateralized by various U.S. Government agency securities, 1.10% - 9.24% due 12/1/27 - 6/16/62; valued at $78,170) (Demand 5/1/23) | 75,000 | 75,000 | |
Natixis SA, (Interest in $1,800,000 joint repurchase agreement, 4.77% dated 4/28/23 under which Natixis SA, will repurchase the securities provided as collateral for $1,800,716 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government obligations with various maturities to 2/15/53; valued at $1,836,000) | 700,000 | 700,000 | |
Natixis SA, (Interest in $500,000 joint repurchase agreement, 4.80% dated 4/28/23 under which Natixis SA, will repurchase the securities provided as collateral for $500,200 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities with various maturities to 4/1/53; valued at $514,996) | 433,000 | 433,000 | |
Nomura Securities International, Inc., (4.80%, dated 4/8/23, due 5/1/23; proceeds $1,850,740; fully collateralized by various U.S. Government agency securities, 1.50% - 6.00% due 4/24/26 - 6/1/62 and U.S. Government obligations, 0.00% due 8/15/32 - 2/15/49; valued at $1,905,219) | 1,850,000 | 1,850,000 | |
Norinchukin Bank, (4.85%, dated 4/27/23, due 5/4/23; proceeds $133,125; fully collateralized by an U.S. Government obligation, 2.75% due 5/31/29; valued at $135,671) | 133,000 | 133,000 | |
Northwestern Mutual Life Insurance Company, (4.84%, dated 4/28/23, due 5/1/23; proceeds $1,000,403; fully collateralized by various U.S. Government agency securities, 2.00% - 4.50% due 12/1/39 - 10/1/52; valued at $1,030,000) | 1,000,000 | 1,000,000 |
April 30, 2023 (unaudited)
Government Portfolio
Face Amount (000) | Value (000) | ||
Repurchase Agreements (cont'd) | |||
Prudential Legacy Insurance Company of New Jersey, (4.81%, dated 4/28/23, due 5/1/23; proceeds $899,418; fully collateralized by various U.S. Government obligations, 0.01% due 2/15/36 - 11/15/45; valued at $917,039) | $ | 899,057 | $899,057 |
RBC Dominion Securities, (4.79%, dated 4/8/23, due 5/1/23; proceeds $550,220; fully collateralized by various U.S. Government obligations, 0.13% - 4.25% due 1/15/25 - 5/15/52; valued at $561,000) | 550,000 | 550,000 | |
Royal Bank of Canada, (4.81%, dated 3/23/23, due 5/4/23; proceeds $1,005,612; fully collateralized by various U.S. Government agency securities, 1.29% - 6.50% due 6/1/26 - 3/1/61; valued at $1,030,000) | 1,000,000 | 1,000,000 | |
Royal Bank of Canada, (4.81%, dated 3/23/23, due 5/4/23; proceeds $5,028,058; fully collateralized by various U.S. Government agency securities, 1.00% - 7.00% due 6/1/26 - 8/1/59 and U.S. Government obligations, 0.13% - 7.63% due 5/31/23 - 2/15/53; valued at $5,136,002) | 5,000,000 | 5,000,000 | |
Societe Generale SA, (4.80%, dated 4/28/23, due 5/1/23; proceeds $1,250,500; fully collateralized by various U.S. Government obligations, 0.00% due 5/15/23 - 11/15/50; valued at $1,275,510) | 1,250,000 | 1,250,000 | |
Sumitomo Mitsui Banking Corp., (4.80%, dated 4/8/23, due 5/1/23; proceeds $750,300; fully collateralized by various U.S. Government obligations, 0.75% - 4.63% due 2/28/25 - 11/15/30; valued at $765,306) | 750,000 | 750,000 | |
Wells Fargo Securities LLC, (Interest in $3,650,000 joint repurchase agreement, 4.81% dated 4/28/23 under which Wells Fargo Securities LLC, will repurchase the securities provided as collateral for $3,651,463 on 5/1/23. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government agency securities with various maturities to 6/1/57; valued at $3,759,500) | 3,004,000 | 3,004,000 | |
Total Repurchase Agreements (Cost $133,854,057) | 133,854,057 | ||
U.S. Agency Securities (11.1%) | |||
Federal Farm Credit Bank, | |||
SOFR + 0.02%, 4.83%, 8/21/23 - 11/14/23 (a) | 400,000 | 399,955 | |
SOFR + 0.03%, 4.84%, 1/23/24 (a) | 140,000 | 139,971 | |
SOFR + 0.04%, 4.85%, 9/20/23 - 5/15/24 (a) | 1,355,000 | 1,355,000 | |
Fed Funds Rate + 0.02%, 4.85%, 4/8/24 - 5/17/24 (a) | 125,000 | 124,998 | |
SOFR + 0.05%, 4.86%, 2/15/24 - 6/26/24 (a) | 1,917,000 | 1,916,998 | |
SOFR + 0.06%, 4.87%, 11/22/23 - 1/10/24 (a) | 1,014,000 | 1,014,036 | |
Fed Funds Rate + 0.06%, 4.89%, 6/4/24 (a) | 324,000 | 323,965 | |
SOFR + 0.10%, 4.91%, 8/1/24 - 8/8/24 (a) | 187,000 | 187,000 | |
SOFR + 0.13%, 4.94%, 7/9/24 (a) | 190,000 | 189,989 | |
SOFR + 0.15%, 4.96%, 2/14/25 (a) | 198,000 | 198,000 | |
SOFR + 0.17%, 4.98%, 1/23/25 (a) | 54,000 | 54,000 | |
SOFR + 0.20%, 5.01%, 12/5/24 (a) | 199,000 | 199,000 | |
3 Month Treasury Money Market Yield - 0.04%, 5.09%, 3/4/24 (a) | 250,000 | 250,000 | |
Federal Home Loan Bank, | |||
2.24%, 6/23/23 | 385,000 | 384,995 |
Face Amount (000) | Value (000) | ||
SOFR + 0.05%, 4.86%, 6/30/23 (a) | $ | 285,000 | $285,000 |
SOFR + 0.06%, 4.87%, 6/29/23 (a) | 378,000 | 378,000 | |
4.87%, 1/16/24 (b) | 172,423 | 166,632 | |
SOFR + 0.07%, 4.88%, 6/21/23 - 9/25/23 (a) | 759,200 | 759,200 | |
SOFR + 0.08%, 4.89%, 6/2/23 - 6/6/24 (a) | 949,900 | 949,900 | |
4.91%, 2/2/24 (b) | 189,000 | 182,194 | |
SOFR + 0.10%, 4.91%, 9/4/24 - 9/6/24 (a) | 711,400 | 711,400 | |
5.00%, 1/5/24 (b) | 189,000 | 182,751 | |
5.05%, 10/27/23 (b) | 480,200 | 468,440 | |
5.11%, 9/19/23 (b) | 473,900 | 464,657 | |
5.12%, 9/15/23 (b) | 475,900 | 466,863 | |
5.15%, 5/6/24 | 955,000 | 955,000 | |
5.20%, 3/15/24 | 950,000 | 950,000 | |
5.28%, 2/27/24 (b) | 472,400 | 452,546 | |
5.30%, 5/22/24 - 5/28/24 (c) | 960,300 | 960,300 | |
5.34%, 4/26/24 | 950,000 | 950,000 | |
5.35%, 4/24/24 | 1,887,900 | 1,887,900 | |
U.S. International Development Finance Corporation, | |||
5.10%, 12/15/26 - 1/20/35 (a) | 22,426 | 22,426 | |
Total U.S. Agency Securities (Cost $17,931,116) | 17,931,116 | ||
U.S. Treasury Securities (6.0%) | |||
U.S. Treasury Bill, | |||
4.63%, 4/18/24 (d) | 93,600 | 89,555 | |
U.S. Treasury Notes, | |||
3 Month Treasury Money Market Yield - 0.08%, 5.06%, 4/30/24 (a) | 2,628,000 | 2,626,401 | |
3 Month Treasury Money Market Yield - 0.02%, 5.12%, 1/31/24 (a) | 3,916,006 | 3,916,711 | |
3 Month Treasury Money Market Yield + 0.03%, 5.16%, 7/31/23 (a) | 221,000 | 221,054 | |
3 Month Treasury Money Market Yield + 0.04%, 5.17%, 10/31/23 - 7/31/24 (a) | 1,141,500 | 1,141,797 | |
3 Month Treasury Money Market Yield + 0.14%, 5.27%, 10/31/24 (a) | 1,001,700 | 1,000,844 | |
3 Month Treasury Money Market Yield + 0.20%, 5.33%, 1/31/25 (a) | 506,900 | 507,292 | |
3 Month Treasury Money Market Yield + 0.17%, 5.36%, 4/30/25 (c) | 66,400 | 66,373 | |
Total U.S. Treasury Securities (Cost $9,570,027) | 9,570,027 | ||
Total Investments (100.3%) (Cost $161,355,200) (e)(f) | 161,355,200 | ||
Liabilities in Excess of Other Assets ((0.3)%) | (555,250 ) | ||
Net Assets (100.0%) | $160,799,950 |
(a) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(b) | Purchased on a discount basis. The interest rates shown have been adjusted to reflect a money market equivalent yield. |
(c) | All or a portion of the security is subject to delayed delivery. |
(d) | Rate shown is the yield to maturity at April 30, 2023. |
(e) | Securities are available for collateral in connection with securities purchased on a forward commitment basis. |
April 30, 2023 (unaudited)
Government Portfolio
(f) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
SOFR | Secured Overnight Financing Rate. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
Repurchase Agreements | 83.0 % |
U.S. Agency Securities | 11.1 |
U.S. Treasury Securities | 5.9 |
Total Investments | 100.0 % |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Repurchase Agreement (67.4%) | |||
Federal Reserve Bank of New York, (4.80%, dated 4/28/23, due 5/1/23; proceeds $4,073,629; fully collateralized by a U.S. Government obligations, 1.88% due 2/15/32; valued at $4,073,629) | $ | 4,072,000 | $4,072,000 |
U.S. Agency Securities (18.8%) | |||
Federal Farm Credit Bank, | |||
2.30%, 6/5/23 | 10,000 | 9,978 | |
SOFR + 0.02%, 4.83%, 11/14/23 (a) | 10,000 | 9,999 | |
SOFR + 0.03%, 4.84%, 1/23/24 (a) | 10,000 | 9,998 | |
SOFR + 0.04%, 4.85%, 3/4/24 - 4/29/24 (a) | 65,000 | 65,000 | |
SOFR + 0.05%, 4.86%, 7/20/23 - 4/25/24 (a) | 287,000 | 287,000 | |
SOFR + 0.06%, 4.87%, 12/13/23 - 7/8/24 (a) | 98,000 | 98,003 | |
SOFR + 0.10%, 4.91%, 8/1/24 (a) | 7,000 | 7,000 | |
SOFR + 0.13%, 4.94%, 7/9/24 (a) | 9,000 | 8,999 | |
Federal Home Loan Bank, | |||
2.24%, 6/23/23 | 13,000 | 13,000 | |
4.55%, 5/1/23 (b) | 100,000 | 100,000 | |
SOFR + 0.05%, 4.86%, 6/30/23 - 7/6/23 (a) | 23,000 | 23,000 | |
SOFR + 0.06%, 4.87%, 6/29/23 (a) | 21,000 | 21,000 | |
4.87%, 1/16/24 (b) | 9,184 | 8,876 | |
SOFR + 0.07%, 4.88%, 6/21/23 - 9/25/23 (a) | 36,300 | 36,300 | |
SOFR + 0.08%, 4.89%, 6/2/23 - 6/6/24 (a) | 44,400 | 44,400 | |
4.91%, 2/2/24 (b) | 10,000 | 9,640 | |
SOFR + 0.10%, 4.91%, 9/4/24 - 9/6/24 (a) | 34,200 | 34,200 | |
5.00%, 1/5/24 (b) | 10,000 | 9,669 | |
5.05%, 10/27/23 (b) | 17,300 | 16,876 | |
5.11%, 9/19/23 (b) | 23,300 | 22,845 | |
5.12%, 9/15/23 (b) | 21,400 | 20,994 | |
5.15%, 5/6/24 | 40,000 | 40,000 | |
5.20%, 3/15/24 | 45,000 | 45,000 | |
5.28%, 2/27/24 (b) | 24,700 | 23,662 | |
5.30%, 5/22/24 - 5/28/24 (c) | 34,600 | 34,600 | |
5.34%, 4/26/24 | 45,000 | 45,000 | |
5.35%, 4/24/24 | 91,600 | 91,600 | |
Total U.S. Agency Securities (Cost $1,136,639) | 1,136,639 | ||
U.S. Treasury Securities (13.4%) | |||
U.S. Treasury Bill, | |||
4.42%, 5/18/23 (d) | 55,000 | 54,888 | |
4.63%, 4/18/24 (d) | 3,400 | 3,254 | |
4.88%, 6/13/23 (d) | 100,000 | 99,430 | |
U.S. Treasury Notes, | |||
3 Month Treasury Money Market Yield - 0.08%, 5.06%, 4/30/24 (a) | 83,000 | 82,994 | |
3 Month Treasury Money Market Yield - 0.02%, 5.12%, 1/31/24 (a) | 276,806 | 276,870 | |
3 Month Treasury Money Market Yield + 0.03%, 5.16%, 7/31/23 (a) | 26,000 | 26,007 | |
3 Month Treasury Money Market Yield + 0.04%, 5.17%, 10/31/23 - 7/31/24 (a) | 224,059 | 224,189 | |
3 Month Treasury Money Market Yield + 0.14%, 5.27%, 10/31/24 (a) | 13,600 | 13,597 |
Face Amount (000) | Value (000) | ||
3 Month Treasury Money Market Yield + 0.20%, 5.33%, 1/31/25 (a) | $ | 22,500 | $22,517 |
3 Month Treasury Money Market Yield + 0.17%, 5.36%, 4/30/25 (a)(c) | 1,963 | 1,963 | |
Total U.S. Treasury Securities (Cost $805,709) | 805,709 | ||
Total Investments (99.6%) (Cost $6,014,348) (e)(f) | 6,014,348 | ||
Other Assets in Excess of Liabilities (0.4%) | 25,098 | ||
Net Assets (100.0%) | $6,039,446 |
(a) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(b) | Purchased on a discount basis. The interest rates shown have been adjusted to reflect a money market equivalent yield. |
(c) | All or a portion of the security is subject to delayed delivery. |
(d) | Rate shown is the yield to maturity at April 30, 2023. |
(e) | Securities are available as collateral in connection with securities purchased on a forward commitment basis. |
(f) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
SOFR | Secured Overnight Financing Rate. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
Repurchase Agreement | 67.7 % |
U.S. Agency Securities | 18.9 |
U.S. Treasury Securities | 13.4 |
Total Investments | 100.0 % |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Repurchase Agreements (88.5%) | |||
Barclays Bank PLC, (4.80%, dated 4/28/23, due 5/1/23; proceeds $100,040; fully collateralized by a U.S. Government obligation, 4.00% due 11/15/42; valued at $102,041) | $ | 100,000 | $100,000 |
BNP Paribas SA, (Interest in $1,100,000 joint repurchase agreement, 4.78% dated 4/28/23 under which BNP Paribas SA, will repurchase the securities provided as collateral for $1,100,438 on 5/1/23.The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government obligations with various maturities to 5/15/50; valued at $1,122,000) | 519,000 | 519,000 | |
Federal Reserve Bank of New York, (4.80%, dated 4/28/23, due 5/1/23; proceeds $18,007,200; fully collateralized by various U.S. Government obligations, 1.25% - 2.50% due 8/15/23 - 8/15/31; valued at $18,007,200) | 18,000,000 | 18,000,000 | |
Fixed Income Clearing Corp., (4.78%, dated 4/28/23, due 5/1/23; proceeds $400,160; fully collateralized by a U.S. Government obligation, 3.25% due 6/30/27; valued at $408,000) | 400,000 | 400,000 | |
Fixed Income Clearing Corp., (4.80%, dated 4/28/23, due 5/1/23; proceeds $5,002,000; fully collateralized by various U.S. Government obligations, 0.00% - 3.88% due 7/13/23 - 2/15/43; valued at $5,102,040) | 5,000,000 | 5,000,000 | |
Metlife Insurance Company, (4.81%, dated 4/28/23, due 5/1/23; proceeds $100,040; fully collateralized by a U.S. Government obligation, 0.00% due 8/15/51; valued at $102,000) | 100,000 | 100,000 | |
Natixis SA, (4.77%, dated 4/28/23, due 5/1/23; proceeds $800,318; fully collateralized by various U.S. Government obligations, 0.00% - 5.38% due 10/12/23 - 2/15/53; valued at $204,000) | 200,000 | 200,000 | |
Natixis SA, (Interest in $1,800,000 joint repurchase agreement, 4.77% dated 4/28/23 under which Natixis SA, will repurchase the securities provided as collateral for $1,800,716 on 5/1/23.The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were various U.S. Government obligations with various maturities to 2/15/53; valued at $1,836,000) | 1,100,000 | 1,100,000 | |
Norinchukin Bank, (4.85%, dated 4/27/23, due 5/4/23; proceeds $66,062; fully collateralized by a U.S. Government obligation, 2.75% due 5/31/29; valued at $67,325) | 66,000 | 66,000 |
Face Amount (000) | Value (000) | ||
RBC Dominion Securities, (4.79%, dated 4/28/23, due 5/1/23; proceeds $200,080; fully collateralized by various U.S. Government obligations, 0.13% - 4.25% due 7/15/23 - 11/15/52; valued at $204,000) | $ | 200,000 | $200,000 |
Sumitomo Mitsui Banking Corp., (4.80%, dated 4/28/23, due 5/1/23; proceeds $50,020; fully collateralized by various U.S. Government obligations, 0.75% - 4.63% due 3/15/26 - 3/31/26; valued at $51,020) | 50,000 | 50,000 | |
Total Repurchase Agreements (Cost $25,735,000) | 25,735,000 | ||
U.S. Treasury Securities (11.6%) | |||
U.S. Treasury Bill, | |||
4.63%, 4/18/24 (a) | 17,600 | 16,840 | |
U.S. Treasury Notes, | |||
3 Month Treasury Money Market Yield - 0.08%, 5.06%, 4/30/24 (b) | 558,000 | 557,656 | |
3 Month Treasury Money Market Yield - 0.02%, 5.12%, 1/31/24 (b) | 1,087,261 | 1,087,516 | |
3 Month Treasury Money Market Yield + 0.03%, 5.16%, 7/31/23 (b) | 115,000 | 115,029 | |
3 Month Treasury Money Market Yield + 0.04%, 5.17%, 10/31/23 - 7/31/24 (b) | 1,241,200 | 1,241,770 | |
3 Month Treasury Money Market Yield + 0.14%, 5.27%, 10/31/24 (b) | 243,000 | 242,776 | |
3 Month Treasury Money Market Yield + 0.20%, 5.33%, 1/31/25 (b) | 110,400 | 110,483 | |
3 Month Treasury Money Market Yield + 0.17%, 5.36%, 4/30/25 (b)(c) | 12,237 | 12,232 | |
Total U.S. Treasury Securities (Cost $3,384,302) | 3,384,302 | ||
Total Investments (100.1%) (Cost $29,119,302) (d)(e) | 29,119,302 | ||
Liabilities in Excess of Other Assets ((0.1)%) | (19,923 ) | ||
Net Assets (100.0%) | $29,099,379 |
(a) | Rate shown is the yield to maturity at April 30, 2023. |
(b) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(c) | All or a portion of the security is subject to delayed delivery. |
(d) | Securities are available as collateral in connection with securities purchased on a forward commitment basis. |
(e) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
Repurchase Agreements | 88.4 % |
U.S. Treasury Securities | 11.6 |
Total Investments | 100.0 % |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
U.S. Treasury Securities (113.6%) | |||
U.S. Treasury Bill, | |||
3.31%, 5/23/23 (a) | $ | 5,750,000 | $5,738,546 |
3.94%, 5/11/23 (a) | 625,000 | 624,326 | |
3.98%, 5/25/23 (a) | 1,780,000 | 1,775,354 | |
4.11%, 5/16/23 (a) | 4,075,000 | 4,068,150 | |
4.42%, 5/18/23 (a)(b) | 2,852,000 | 2,846,437 | |
4.44%, 5/4/23 (a) | 550,000 | 549,801 | |
4.53%, 5/9/23 (a) | 5,487,000 | 5,481,641 | |
4.63%, 4/18/24 (a) | 26,800 | 25,642 | |
4.68%, 5/2/23 (a) | 5,989,818 | 5,989,066 | |
4.75%, 5/30/23 - 6/6/23 (a)(b) | 8,140,000 | 8,108,849 | |
4.87%, 6/1/23 (a) | 647,697 | 645,047 | |
4.88%, 6/13/23 (a) | 2,020,000 | 2,008,447 | |
4.90%, 9/14/23 (a) | 500,000 | 491,049 | |
4.93%, 6/8/23 (a)(b) | 790,000 | 786,007 | |
4.95%, 6/20/23 (a) | 1,450,000 | 1,440,195 | |
4.98%, 10/5/23 (a)(b) | 1,450,000 | 1,420,132 | |
5.00%, 10/12/23 (a) | 450,000 | 440,173 | |
5.05%, 6/27/23 (a)(b) | 1,900,000 | 1,885,425 | |
5.15%, 8/29/23 (a)(b) | 1,250,000 | 1,229,419 | |
U.S. Treasury Notes, | |||
1.63%, 5/31/23 | 199,000 | 198,540 | |
1.75%, 5/15/23 | 84,000 | 83,919 | |
3 Month Treasury Money Market Yield - 0.08%, 5.06%, 4/30/24 (c) | 797,000 | 796,662 | |
3 Month Treasury Money Market Yield - 0.02%, 5.12%, 1/31/24 (c) | 1,367,010 | 1,367,267 | |
3 Month Treasury Money Market Yield + 0.03%, 5.16%, 7/31/23 (c) | 824,000 | 824,061 | |
3 Month Treasury Money Market Yield + 0.04%, 5.17%, 10/31/23 - 7/31/24 (c) | 1,444,041 | 1,444,747 | |
3 Month Treasury Money Market Yield + 0.14%, 5.27%, 10/31/24 (c) | 518,400 | 518,134 | |
3 Month Treasury Money Market Yield + 0.20%, 5.33%, 1/31/25 (c) | 307,300 | 307,492 | |
3 Month Treasury Money Market Yield + 0.17%, 5.36%, 4/30/25 (b)(c) | 19,118 | 19,111 | |
Total U.S. Treasury Securities (Cost $51,113,639) | 51,113,639 | ||
Total Investments (113.6%) (Cost $51,113,639) (d)(e) | 51,113,639 | ||
Liabilities in Excess of Other Assets ((13.6)%) | (6,136,118 ) | ||
Net Assets (100.0%) | $44,977,521 |
(a) | Rate shown is the yield to maturity at April 30, 2023. |
(b) | All or a portion of the security is subject to delayed delivery. |
(c) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(d) | Securities are available as collateral in connection with securities purchased on a forward commitment basis. |
(e) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
U.S. Treasury Securities | 100.0 % |
Total Investments | 100.0 % |
April 30, 2023 (unaudited)
Face Amount (000) | Value (000) | ||
Weekly Variable Rate Bonds (a) (70.8%) | |||
Clark County, NV, | |||
Nevada Airport System Subordinate Lien Revenue Bonds Series Series 2008D-2A | |||
3.95%, 7/1/40 | $ | 10,000 | $10,000 |
Colorado Springs, CO, | |||
Utilities System Sub Lien Ser 2005 A | |||
3.91%, 11/1/35 | 20,000 | 20,000 | |
Columbia, SC, | |||
Waterworks & Sewer System Series 2009 | |||
3.86%, 2/1/38 | 12,235 | 12,235 | |
Columbus, OH, | |||
Sewer Series 2008 B | |||
3.74%, 6/1/32 | 20,000 | 20,000 | |
Highlands County Health Facilities, FL, | |||
Adventist Health System/Sunbelt Obligated Group Series 2007 A-1 | |||
3.95%, 11/15/55 | 20,000 | 20,000 | |
Houston, TX, | |||
Combined Utility System First Lien Series 2004 B2 | |||
3.86%, 5/15/34 | 20,000 | 20,000 | |
Massachusetts Water Resources Authority, MA, | |||
Series 2008 A-3 | |||
3.95%, 8/1/37 | 15,000 | 15,000 | |
Metropolitan Sewerage District of Buncombe County, NC, | |||
North Carolina Sewerage System Revenue Refunding Bonds Series 2008A | |||
3.85%, 7/1/31 | 17,000 | 17,000 | |
New York City Transitional Finance Authority, NY, | |||
Future Tax Fiscal 2013 Ser A Subser A-7 | |||
3.84%, 8/1/39 | 13,000 | 13,000 | |
New York State Energy Research & Development Authority, NY, | |||
Consolidated Edison Co. Ser 2005 Subser A-2 | |||
3.70%, 5/1/39 | 18,700 | 18,700 | |
Pennsylvania Turnpike Commission, PA, | |||
Second Ser 2019 | |||
3.95%, 12/1/38 | 18,000 | 18,000 | |
RBC Municipal Products Inc Trust, GA, | |||
Certificates E-155 | |||
3.90%, 1/1/27 (b) | 9,000 | 9,000 | |
RBC Municipal Products Inc Trust, MO, | |||
Certificates G-121 | |||
4.06%, 6/1/46 (b) | 5,920 | 5,920 | |
RBC Municipal Products Inc Trust, TX, | |||
Certificates G-124 | |||
4.06%, 9/1/43 (b) | 4,800 | 4,800 | |
RBC Municipal Products Inc Trust, VA, | |||
Certificates C-20 | |||
3.90%, 5/1/39 (b) | 2,000 | 2,000 | |
RBC Municipal Products Trust Inc, MO, | |||
Health and Educational Facilities Authority of the State of Missouri SSM Health Ser 2019 A Floater Certificates Ser 2019-C17 | |||
3.90%, 12/1/39 (b) | 5,000 | 5,000 |
Face Amount (000) | Value (000) | ||
RBC Municipal Products Trust Inc, NY, | |||
New York City Variable Ser 2006 Subser I-5 Floater Certificates Ser 2019-E133 | |||
3.89%, 5/16/24 (b) | $ | 4,200 | $4,200 |
RBC Municipal Products Trust Inc, SC, | |||
Transportation Infrastructure Bank Ser 2017 A Floater Certificates Ser 2019-G109 | |||
4.06%, 10/1/25 (b) | 1,840 | 1,840 | |
RBC Municipal Products Trust Inc, TX, | |||
Certificates E-141 | |||
3.89%, 12/1/23 (b) | 3,000 | 3,000 | |
Certificates E-149 | |||
3.89%, 5/7/26 (b) | 2,000 | 2,000 | |
RBC Municipal Products, Inc. Trust, TX, | |||
Certificates E-144 | |||
3.89%, 10/1/23 (b) | 5,000 | 5,000 | |
State of Texas, TX, | |||
Veterans Bonds, Series 2022 | |||
4.05%, 6/1/53 | 10,000 | 10,000 | |
The Ohio State, OH, | |||
University Variable Rate Demand General Receipts Bonds Series 2023 A | |||
3.90%, 6/1/43 | 20,000 | 20,000 | |
University of Texas Regents, TX, | |||
Financing System Ser 2007 B | |||
3.85%, 8/1/34 | 15,000 | 15,000 | |
Utah Water Finance Agency, UT, | |||
Ser 2008 B | |||
3.95%, 10/1/37 | 12,835 | 12,835 | |
Washington Suburban Sanitary District, MD, | |||
2015 Ser B-3 BANs | |||
3.80%, 6/1/23 | 11,065 | 11,065 | |
Total Weekly Variable Rate Bonds (Cost $295,595) | 295,595 | ||
Daily Variable Rate Bonds (a) (8.9%) | |||
Indiana Finance Authority, IN, | |||
Environmental Refunding Duke Energy Indiana, Inc. Series 2009 A-4 | |||
3.85%, 12/1/39 | 8,200 | 8,200 | |
JP Morgan Chase Putters/Drivers Trust, FL, | |||
Certificates Series 5032 | |||
3.85%, 12/15/34 (b) | 5,000 | 5,000 | |
Mississippi Business Finance Corp., MS, | |||
Gulf Opportunity Zone Industrial Development Revenue Bonds (Chevron U.S.A. Inc. Project) Series 2010 G | |||
3.75%, 11/1/35 | 7,800 | 7,800 | |
New York City General Obligation Bonds, NY, | |||
Fiscal 2023 Ser A | |||
3.75%, 9/1/49 | 3,100 | 3,100 | |
State of Louisiana, LA, | |||
Gasoline and Fuels Tax Second Lien Revenue Refunding Bonds 2023, Series A-1 | |||
3.80%, 5/1/43 | 3,100 | 3,100 | |
Tender Option Bond Trust Receipts/Certificates, FL, | |||
Certificates 2023-BAML5028 | |||
3.90%, 8/15/36 (b) | 5,000 | 5,000 |
April 30, 2023 (unaudited)
Tax-Exempt Portfolio
Face Amount (000) | Value (000) | ||
Daily Variable Rate Bonds (cont'd) | |||
Tender Option Bond Trust Receipts/Certificates, TN, | |||
Certificates 2023-BAML5024 | |||
3.90%, 9/1/36 (b) | $ | 5,000 | $5,000 |
Total Daily Variable Rate Bonds (Cost $37,200) | 37,200 | ||
Municipal Bonds & Notes (6.1%) | |||
Katy Independent School District (Fort Bend, Harris And Waller Counties), TX, | |||
Unlimited Tax School Building Bonds, Series 2023 | |||
5.00%, 2/15/24 (c) | 5,500 | 5,573 | |
State of Colorado, CO, | |||
Education Loan Program Tax And Revenue Anticipation Notes, Series 2022B | |||
5.00%, 6/29/23 | 20,000 | 20,055 | |
Total Municipal Bonds & Notes (Cost $25,657) | 25,628 | ||
Closed-End Investment Companies (a) (5.1%) | |||
Nuveen AMT-Free Municipal Credit Income Fund, OT, | |||
Series 1 | |||
3.92%, 12/1/43 (b) | 11,400 | 11,400 | |
Nuveen AMT-Free Quality Municipal Income Fund, OT, | |||
Ser 4-4895 | |||
3.91%, 9/11/26 (b) | 10,000 | 10,000 | |
Total Closed-End Investment Companies (Cost $21,400) | 21,400 | ||
Commercial Paper (d) (3.6%) | |||
Lincoln Nebraska Electric System Revenue, NE, | |||
Series 1995 | |||
3.90%, 5/4/23 | 10,000 | 10,000 | |
University Texas Reserves, TX, | |||
Series A | |||
2.60%, 5/10/23 | 5,000 | 5,000 | |
Total Commercial Paper (Cost $15,000) | 15,000 | ||
Total Investments (94.5%) (Cost $394,852) (e)(f) | 394,823 | ||
Other Assets in Excess of Liabilities (5.5%) | 22,920 | ||
Net Assets (100.0%) | 417,743 |
(a) | Floating or variable rate securities: The rates disclosed are as of April 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(b) | 144A security — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid. |
(c) | All or a portion of the security is subject to delayed delivery. |
(d) | The rates shown are the effective yields at the date of purchase. |
(e) | Securities are available for collateral in connection with purchase of securities on a forward commitment basis. |
(f) | At April 30, 2023, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is approximately $0 and the aggregate gross unrealized depreciation is approximately $29,000, resulting in net unrealized depreciation of approximately $29,000. |
BANs | Bond Anticipations Notes. |
Portfolio Composition | |
Classification | Percentage of Total Investments |
Weekly Variable Rate Bonds | 74.9 % |
Daily Variable Rate Bonds | 9.4 |
Municipal Bonds & Notes | 6.5 |
Closed-End Investment Companies | 5.4 |
Other* | 3.8 |
Total Investments | 100.0 % |
* | Industries and/or investment types representing less than 5% of total investments. |
State/Territory | Value (000) | Percentage of Net Assets |
Texas | $70,373 | 16.8 % |
Colorado | 40,055 | 9.6 |
Ohio | 40,000 | 9.6 |
New York | 39,000 | 9.3 |
Florida | 30,000 | 7.2 |
Other | 21,400 | 5.1 |
Pennsylvania | 18,000 | 4.3 |
North Carolina | 17,000 | 4.1 |
Massachusetts | 15,000 | 3.6 |
South Carolina | 14,075 | 3.3 |
Utah | 12,835 | 3.1 |
Maryland | 11,065 | 2.6 |
Missouri | 10,920 | 2.6 |
Nevada | 10,000 | 2.4 |
Nebraska | 10,000 | 2.4 |
Georgia | 9,000 | 2.2 |
Indiana | 8,200 | 2.0 |
Mississippi | 7,800 | 1.9 |
Tennessee | 5,000 | 1.2 |
Louisiana | 3,100 | 0.7 |
Virginia | 2,000 | 0.5 |
$394,823 | 94.5 % |
April 30, 2023 (unaudited)
ESG Money Market Portfolio (000) | Prime Portfolio (000) | Government Portfolio (000) | Government Securities Portfolio (000) | |
Assets: | ||||
Investments in Securities of Unaffiliated Issuers, at Cost | $1,719,469 | $16,447,712 | $161,355,200 | $6,014,348 |
Total Investments in Securities, at Value(1) | 1,719,469 | 16,447,421 | 161,355,200 | 6,014,348 |
Cash | 1,380 | 6,788 | — | 3,527 |
Interest Receivable | 2,128 | 33,847 | 322,157 | 14,747 |
Receivable for Investments Sold | — | — | 66,256 | 31,803 |
Receivable for Portfolio Shares Sold | — | — | — | 155 |
Other Assets | 275 | 633 | 3,785 | 611 |
Total Assets | 1,723,252 | 16,488,689 | 161,747,398 | 6,065,191 |
Liabilities: | ||||
Payable for Portfolio Shares Redeemed | 991 | 4,024 | 9,907 | — |
Payable for Administration Fees | 66 | 645 | 5,864 | 236 |
Payable for Advisory Fees | 37 | 1,824 | 10,060 | 656 |
Payable for Custodian Fees | 24 | 62 | 547 | 63 |
Payable for Professional Fees | 22 | 26 | 37 | 35 |
Payable for Transfer Agency Fees | 7 | 4 | — | — |
Payable for Administration Plan Fees — Wealth S*/Institutional Select Class | — @ | 1 | 282 | — @ |
Payable for Administration Plan Fees — Investor Class | — | — | 295 | — @ |
Payable for Administration Plan Fees — Administrative Class | — | — | 35 | — @ |
Payable for Service and Shareholder Administration Plan Fees — Advisory Class | — @ | 1 | 303 | 11 |
Payable for Distribution Plan and Shareholder Services Plan Fees — Participant Class | — @ | — | 934 | 948 |
Payable for Distribution Plan and Shareholder Services Plan Fees — Cash Management Class | 1 | — @ | — @ | — @ |
Payable for Distribution Plan and Shareholder Services Plan Fees — Select Class | — @ | — | — @ | — |
Bank Overdraft | — | — | 1,548 | — |
Payable for Investments Purchased | — | — | 613,296 | 21,563 |
Dividends Payable | — | 16,162 | 300,812 | 1,741 |
Other Liabilities | 106 | 482 | 3,528 | 492 |
Total Liabilities | 1,254 | 23,231 | 947,448 | 25,745 |
Net Assets | $1,721,998 | $16,465,458 | $160,799,950 | $6,039,446 |
Net Assets Consist of: | ||||
Paid-in-Capital | $1,723,180 | $16,482,374 | $160,831,516 | $6,041,691 |
Total Accumulated Loss | (1,182 ) | (16,916 ) | (31,566 ) | (2,245 ) |
Net Assets | $1,721,998 | $16,465,458 | $160,799,950 | $6,039,446 |
(1)Including: | ||||
Repurchase Agreements, at Value | $742,000 | $5,843,000 | $133,854,057 | $4,072,000 |
April 30, 2023 (unaudited)
ESG Money Market Portfolio (000) | Prime Portfolio (000) | Government Portfolio (000) | Government Securities Portfolio (000) | |
WEALTH*/INSTITUTIONAL CLASS: | ||||
Net Assets | $1,716,630 | $15,168,217 | $141,817,227 | $1,211,230 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 1,716,736,880 | 15,166,845,643 | 141,840,482,110 | 1,211,333,282 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.0001 | $1.000 | $1.000 |
WEALTH S*/INSTITUTIONAL SELECT CLASS: | ||||
Net Assets | $53 | $18,780 | $6,862,955 | $52 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 52,911 | 18,783,483 | 6,866,896,357 | 51,488 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $0.9998 | $1.000 | $1.000 |
INVESTOR CLASS: | ||||
Net Assets | $— | $— | $3,845,775 | $52 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | — | — | 3,846,366,285 | 52,391 |
Net Asset Value, Offering and Redemption Price Per Share | $— | $— | $1.000 | $1.000 |
ADMINISTRATIVE CLASS: | ||||
Net Assets | $— | $— | $298,916 | $52 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | — | — | 298,990,609 | 52,331 |
Net Asset Value, Offering and Redemption Price Per Share | $— | $— | $1.000 | $1.000 |
ADVISORY CLASS: | ||||
Net Assets | $53 | $38,965 | $1,539,363 | $55,708 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 52,616 | 38,956,251 | 1,539,699,375 | 55,712,804 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.0002 | $1.000 | $1.000 |
PARTICIPANT CLASS: | ||||
Net Assets | $52 | $— | $2,353,791 | $4,772,019 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 52,323 | — | 2,354,224,741 | 4,773,141,707 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $— | $1.000 | $1.000 |
CASH MANAGEMENT CLASS: | ||||
Net Assets | $5,159 | $417 | $1,796 | $333 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 5,168,451 | 417,057 | 1,797,123 | 333,155 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $0.9998 | $1.000 | $1.000 |
SELECT CLASS: | ||||
Net Assets | $51 | $— | $52 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 50,532 | — | 51,733 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $— | $1.000 | $— |
CASTLEOAK SHARES CLASS: | ||||
Net Assets | $— | $925,990 | $1,744,000 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | — | 925,947,513 | 1,744,099,753 | — |
Net Asset Value, Offering and Redemption Price Per Share | $— | $1.0000 | $1.000 | $— |
IMPACT CLASS: | ||||
Net Assets | $— | $313,089 | $2,336,075 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | — | 313,051,499 | 2,336,224,264 | — |
Net Asset Value, Offering and Redemption Price Per Share | $— | $1.0001 | $1.000 | $— |
* | Class name change for ESG Money Market effective January 23, 2023. |
@ | Amount is less than $500. |
April 30, 2023 (unaudited)
Treasury Portfolio (000) | Treasury Securities Portfolio (000) | Tax-Exempt Portfolio (000) | |
Assets: | |||
Investments in Securities of Unaffiliated Issuers, at Cost | $29,119,302 | $51,113,639 | $394,852 |
Total Investments in Securities, at Value(1) | 29,119,302 | 51,113,639 | 394,823 |
Cash | 838 | 4,976 | 34 |
Interest Receivable | 50,938 | 68,062 | 1,468 |
Receivable for Investments Sold | 12,210 | 2,256,196 | 27,005 |
Other Assets | 1,185 | 1,434 | 143 |
Total Assets | 29,184,473 | 53,444,307 | 423,473 |
Liabilities: | |||
Dividends Payable | 53,221 | 45,282 | 9 |
Payable for Investments Purchased | 24,436 | 8,406,621 | 5,576 |
Payable for Advisory Fees | 3,285 | 5,047 | 16 |
Payable for Administration Plan Fees — Institutional Select Class | 124 | 1 | — @ |
Payable for Administration Plan Fees — Investor Class | 11 | 1 | — |
Payable for Administration Plan Fees — Administrative Class | 1 | 4 | — |
Payable for Service and Shareholder Administration Plan Fees — Advisory Class | 84 | 5 | — |
Payable for Distribution Plan and Shareholder Services Plan Fees — Participant Class | 977 | 14 | — |
Payable for Distribution Plan and Shareholder Services Plan Fees — Cash Management Class | 1 | 1 | — @ |
Payable for Distribution Plan and Shareholder Services Plan Fees — Select Class | — @ | — @ | — |
Payable for Administration Fees | 1,141 | 1,736 | 18 |
Payable for Portfolio Shares Redeemed | 609 | 6,535 | 59 |
Payable for Custodian Fees | 163 | 224 | 2 |
Payable for Professional Fees | 32 | 42 | 31 |
Payable for Transfer Agency Fees | — | 1 | 1 |
Other Liabilities | 1,009 | 1,272 | 18 |
Total Liabilities | 85,094 | 8,466,786 | 5,730 |
Net Assets | $29,099,379 | $44,977,521 | $417,743 |
Net Assets Consist of: | |||
Paid-in-Capital | $29,107,205 | $44,976,401 | $417,797 |
Total Distributable Earnings (Accumulated Loss) | (7,826 ) | 1,120 | (54 ) |
Net Assets | $29,099,379 | $44,977,521 | $417,743 |
(1)Including: | |||
Repurchase Agreements, at Value | $25,735,000 | $— | $— |
April 30, 2023 (unaudited)
Treasury Portfolio (000) | Treasury Securities Portfolio (000) | Tax-Exempt Portfolio (000) | |
INSTITUTIONAL CLASS: | |||
Net Assets | $22,707,162 | $44,841,901 | $416,414 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 22,711,197,729 | 44,839,921,816 | 416,444,765 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $0.9999 |
INSTITUTIONAL SELECT CLASS: | |||
Net Assets | $3,180,142 | $24,095 | $52 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 3,182,252,370 | 24,093,879 | 51,680 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $0.9999 |
INVESTOR CLASS: | |||
Net Assets | $103,506 | $7,634 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 103,528,160 | 7,634,164 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $— |
ADMINISTRATIVE CLASS: | |||
Net Assets | $9,798 | $36,074 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 9,799,473 | 36,070,792 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $— |
ADVISORY CLASS: | |||
Net Assets | $461,168 | $24,919 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 461,268,314 | 24,920,355 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $— |
PARTICIPANT CLASS: | |||
Net Assets | $2,632,848 | $35,434 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 2,633,303,278 | 35,434,010 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $— |
CASH MANAGEMENT CLASS: | |||
Net Assets | $4,703 | $7,412 | $1,277 |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 4,701,395 | 7,415,167 | 1,277,373 |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $1.0000 |
SELECT CLASS: | |||
Net Assets | $52 | $52 | $— |
Shares Outstanding $0.01 par value shares of beneficial interest (unlimited number of shares authorized) (not in 000's) | 51,671 | 51,594 | — |
Net Asset Value, Offering and Redemption Price Per Share | $1.000 | $1.000 | $— |
@ | Amount is less than $500. |
April 30, 2023 (unaudited)
ESG Money Market Portfolio (000) | Prime Portfolio (000) | Government Portfolio (000) | Government Securities Portfolio (000) | |
Investment Income: | ||||
Interest | $48,352 | $376,886 | $2,941,444 | $138,058 |
Expenses: | ||||
Advisory Fees (Note B) | 1,620 | 12,033 | 100,634 | 4,759 |
Administration Fees (Note C) | 540 | 4,011 | 33,545 | 1,586 |
Professional Fees | 200 | 87 | 65 | 66 |
Registration Fees | 131 | 183 | 245 | 177 |
Custodian Fees (Note F) | 56 | 153 | 1,127 | 53 |
Transfer Agency Fees (Note E) | 46 | 111 | 102 | 14 |
Shareholder Reporting Fees | 34 | 10 | 40 | 17 |
Trustees' Fees and Expenses | 23 | 113 | 1,075 | 54 |
Administration Plan Fees — Wealth S*/Institutional Select Class (Note D) | — @ | 4 | 3,785 | — @ |
Administration Plan Fees — Investor Class (Note D) | — | — | 1,953 | — @ |
Administration Plan Fees — Administrative Class (Note D) | — | — | 232 | — @ |
Service and Shareholder Administration Plan Fees — Advisory Class (Note D) | — @ | 1 | 1,864 | 55 |
Distribution Plan and Shareholder Services Plan Fees — Participant Class (Note D) | — @ | — | 5,980 | 13,107 |
Distribution Plan and Shareholder Services Plan Fees — Cash Management Class (Note D) | 5 | 2 | 1 | — @ |
Distribution Plan and Shareholder Services Plan Fees — Select Class (Note D) | — @ | — | — @ | — |
Pricing Fees | 5 | 10 | 9 | 7 |
Other Expenses | 33 | 95 | 428 | 87 |
Total Expenses | 2,693 | 16,813 | 151,085 | 19,982 |
Waiver of Advisory Fees (Note B) | (698 ) | (762 ) | (27,005 ) | (473 ) |
Waiver of Distribution Plan and Shareholder Services Plan Fees — Participant Class (Note D) | — | — | — | (6,554 ) |
Net Expenses | 1,995 | 16,051 | 124,080 | 12,955 |
Net Investment Income | 46,357 | 360,835 | 2,817,364 | 125,103 |
Realized Gain (Loss): | ||||
Investments Sold | 20 | 123 | (4,121 ) | (7 ) |
Change in Unrealized Appreciation (Depreciation): | ||||
Investments | 536 | 1,808 | — | — |
Net Realized Gain (Loss) and Change in Unrealized Appreciation (Depreciation) | 556 | 1,931 | (4,121 ) | (7 ) |
Net Increase in Net Assets Resulting from Operations | $46,913 | $362,766 | $2,813,243 | $125,096 |
* | Class name change for ESG Money Market effective January 23, 2023. |
@ | Amount is less than $500. |
April 30, 2023 (unaudited)
Treasury Portfolio (000) | Treasury Securities Portfolio (000) | Tax-Exempt Portfolio (000) | |
Investment Income: | |||
Interest | $711,513 | $905,060 | $6,507 |
Expenses: | |||
Advisory Fees (Note B) | 24,560 | 31,901 | 358 |
Administration Plan Fees — Institutional Select Class (Note D) | 1,756 | 10 | — @ |
Administration Plan Fees — Investor Class (Note D) | 61 | 2 | — |
Administration Plan Fees — Administrative Class (Note D) | 6 | 27 | — |
Service and Shareholder Administration Plan Fees — Advisory Class (Note D) | 532 | 37 | — |
Distribution Plan and Shareholder Services Plan Fees — Participant Class (Note D) | 6,271 | 31 | — |
Distribution Plan and Shareholder Services Plan Fees — Cash Management Class (Note D) | 4 | 6 | 2 |
Distribution Plan and Shareholder Services Plan Fees — Select Class (Note D) | — @ | — @ | — |
Administration Fees (Note C) | 8,187 | 10,634 | 119 |
Custodian Fees (Note F) | 279 | 396 | 8 |
Trustees' Fees and Expenses | 254 | 321 | 5 |
Registration Fees | 162 | 171 | 131 |
Professional Fees | 65 | 65 | 65 |
Transfer Agency Fees (Note E) | 44 | 51 | 31 |
Shareholder Reporting Fees | 17 | 22 | 6 |
Pricing Fees | 3 | 9 | 4 |
Other Expenses | 157 | 188 | 30 |
Total Expenses | 42,358 | 43,871 | 759 |
Waiver of Advisory Fees (Note B) | (981 ) | (1,224 ) | (333 ) |
Waiver of Administration Fees (Note C) | — | — | (45 ) |
Expenses Reimbursed by Adviser (Note B) | — | — | (—@ ) |
Net Expenses | 41,377 | 42,647 | 381 |
Net Investment Income | 670,136 | 862,413 | 6,126 |
Realized Gain (Loss): | |||
Investments Sold | (318 ) | 3,386 | — |
Change in Unrealized Appreciation (Depreciation): | |||
Investments | — | — | (30 ) |
Net Realized Gain (Loss) and Change in Unrealized Appreciation (Depreciation) | (318 ) | 3,386 | (30 ) |
Net Increase in Net Assets Resulting from Operations | $669,818 | $865,799 | $6,096 |
@ | Amount is less than $500. |
April 30, 2023
ESG Money Market Portfolio | Prime Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
Increase (Decrease) in Net Assets: | ||||
Operations: | ||||
Net Investment Income | $46,357 | $35,366 | $360,835 | $147,519 |
Net Realized Gain (Loss) | 20 | (11 ) | 123 | 49 |
Net Change in Unrealized Appreciation (Depreciation) | 536 | (722 ) | 1,808 | (2,923 ) |
Net Increase in Net Assets Resulting from Operations | 46,913 | 34,633 | 362,766 | 144,645 |
Dividends and Distributions to Shareholders: | ||||
Wealth*/Institutional Class | (46,225 ) | (32,740 ) | (345,286 ) | (147,301 ) |
Wealth S*/Institutional Select Class | (1 ) | (1 ) | (377 ) | (168 ) |
Advisory Class | (1 ) | (— @) | (21 ) | (2 ) |
Participant Class | (1 ) | (— @) | — | — |
Cash Management Class | (128 ) | (72 ) | (42 ) | (47 ) |
Select Class | (1 ) | — | — | — |
CastleOak Shares Class | — | (2,553 ) | (10,982 ) | (— @) |
Impact Class | — | — | (4,127 ) | (1 ) |
Total Dividends and Distributions to Shareholders | (46,357 ) | (35,366 ) | (360,835 ) | (147,519 ) |
Capital Share Transactions:(1) | ||||
Wealth*/Institutional Class: | ||||
Subscribed | 3,118,790 | 10,297,186 | 42,863,153 | 64,364,613 |
Distributions Reinvested | 37,294 | 25,431 | 241,390 | 96,027 |
Redeemed | (4,632,917 ) | (10,420,428 ) | (42,589,792 ) | (66,579,101 ) |
Wealth S*/Institutional Select Class: | ||||
Subscribed | 52 | 1 | 12,715 | 19,446 |
Distributions Reinvested | 1 | 1 | 376 | 168 |
Redeemed | (53 ) | — | (17,076 ) | (2,575 ) |
Advisory Class: | ||||
Subscribed | 52 | — | 38,894 | 6,539 |
Distributions Reinvested | 1 | — @ | 21 | 2 |
Redeemed | (52 ) | — | — | (8,146 ) |
Participant Class: | ||||
Subscribed | 52 | — | — | — |
Distributions Reinvested | 1 | — @ | — | — |
Redeemed | (52 ) | — | — | — |
Cash Management Class: | ||||
Subscribed | 7,181 | — | — | — @ |
Distributions Reinvested | 110 | 71 | 37 | 47 |
Redeemed | (9,462 ) | (1,072 ) | (4,355 ) | (657 ) |
Select Class: | ||||
Subscribed | 50 ** | — | — | — |
Distributions Reinvested | 1 ** | — | — | — |
CastleOak Shares Class: | ||||
Subscribed | — | — | 939,999 | 50 *** |
Distributions Reinvested | — | 1,917 | 10,962 | — @*** |
Redeemed | — | (256,918 ) | (25,000 ) | — |
Impact Class: | ||||
Subscribed | — | — | 309,000 | 50 + |
Distributions Reinvested | — | — | 4,126 | — |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (1,478,951 ) | (353,811 ) | 1,784,450 | (2,103,537 ) |
Total Increase (Decrease) in Net Assets | (1,478,395 ) | (354,544 ) | 1,786,381 | (2,106,411 ) |
Net Assets: | ||||
Beginning of Period | 3,200,393 | 3,554,937 | 14,679,077 | 16,785,488 |
End of Period | $1,721,998 | $3,200,393 | $16,465,458 | $14,679,077 |
April 30, 2023
ESG Money Market Portfolio | Prime Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
(1) Capital Share Transactions: | ||||
Wealth*/Institutional Class: | ||||
Shares Subscribed | 3,118,227 | 10,289,273 | 42,854,159 | 64,367,759 |
Shares Issued on Distributions Reinvested | 37,280 | 25,412 | 241,342 | 96,034 |
Shares Redeemed | (4,629,254 ) | (10,412,472 ) | (42,581,277 ) | (66,581,630 ) |
Net Increase (Decrease) in Wealth*/Institutional Class Shares Outstanding | (1,473,747 ) | (97,787 ) | 514,224 | (2,117,837 ) |
Wealth S*/Institutional Select Class: | ||||
Shares Subscribed | 52 | 1 | 12,716 | 19,452 |
Shares Issued on Distributions Reinvested | 1 | 1 | 376 | 168 |
Shares Redeemed | (53 ) | — | (17,077 ) | (2,576 ) |
Net Increase (Decrease) in Wealth S*/Institutional Select Class Shares Outstanding | — | 2 | (3,985 ) | 17,044 |
Advisory Class: | ||||
Shares Subscribed | 52 | — | 38,883 | 6,541 |
Shares Issued on Distributions Reinvested | 1 | — @@ | 21 | 2 |
Shares Redeemed | (52 ) | — | — | (8,150 ) |
Net Increase (Decrease) in Advisory Class Shares Outstanding | 1 | — @@ | 38,904 | (1,607 ) |
Participant Class: | ||||
Shares Subscribed | 52 | — | — | — |
Shares Issued on Distributions Reinvested | 1 | — | — | — |
Shares Redeemed | (52 ) | — | — | — |
Net Increase in Participant Class Shares Outstanding | 1 | — | — | — |
Cash Management Class: | ||||
Shares Subscribed | 7,181 | — | — | — @@ |
Shares Issued on Distributions Reinvested | 110 | 71 | 37 | 47 |
Shares Redeemed | (9,457 ) | (1,072 ) | (4,354 ) | (656 ) |
Net Decrease in Cash Management Class Shares Outstanding | (2,166 ) | (1,001 ) | (4,317 ) | (609 ) |
Select Class: | ||||
Shares Subscribed | 50 ** | — | — | — |
Shares Issued on Distributions Reinvested | 1 ** | — | — | — |
Net Increase in Select Class Shares Outstanding | 51 | — | — | — |
CastleOak Shares Class: | ||||
Shares Subscribed | — | — | 939,931 | 50 *** |
Shares Issued on Distributions Reinvested | — | 1,916 | 10,961 | — @@*** |
Shares Redeemed | — | (256,712 ) | (24,994 ) | — |
Net Increase (Decrease) in CastleOak Shares Class Shares Outstanding | — | (254,796 ) | 925,898 | 50 |
Impact Class: | ||||
Shares Subscribed | — | — | 308,876 | 50 + |
Shares Issued on Distributions Reinvested | — | — | 4,125 | — |
Net Increase in Impact Class Shares Outstanding | — | — | 313,001 | 50 |
* | Class name change for ESG Money Market effective January 23, 2023. |
** | For the period January 23, 2023 through April 30, 2023. |
*** | For the period October 4, 2022 through October 31, 2022. |
+ | For the period March 29, 2022 through October 31, 2022. |
@ | Amount is less than $500. |
@@ | Amount is less than 500 shares. |
April 30, 2023
Government Portfolio | Government Securities Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
Increase (Decrease) in Net Assets: | ||||
Operations: | ||||
Net Investment Income | $2,817,364 | $1,362,663 | $125,103 | $66,898 |
Net Realized Loss | (4,121 ) | (24,583 ) | (7 ) | (1,599 ) |
Net Increase in Net Assets Resulting from Operations | 2,813,243 | 1,338,080 | 125,096 | 65,299 |
Dividends and Distributions to Shareholders: | ||||
Institutional Class | (2,299,963 ) | (1,093,265 ) | (22,199 ) | (7,547 ) |
Institutional Select Class | (305,957 ) | (197,900 ) | (6 ) | (— @) |
Investor Class | (80,089 ) | (29,718 ) | (1 ) | (— @) |
Administrative Class | (6,280 ) | (2,848 ) | (1 ) | (— @) |
Advisory Class | (29,610 ) | (12,114 ) | (876 ) | (270 ) |
Participant Class | (44,547 ) | (14,644 ) | (102,013 ) | (59,079 ) |
Cash Management Class | (36 ) | (18 ) | (7 ) | (2 ) |
Select Class | (1 ) | (— @) | — | — |
CastleOak Shares Class | (24,237 ) | (4,076 ) | — | — |
Impact Class | (26,644 ) | (8,080 ) | — | — |
Total Dividends and Distributions to Shareholders | (2,817,364 ) | (1,362,663 ) | (125,103 ) | (66,898 ) |
Capital Share Transactions:(1) | ||||
Institutional Class: | ||||
Subscribed | 507,690,704 | 1,048,862,415 | 3,543,002 | 6,785,824 |
Distributions Reinvested | 1,035,248 | 434,619 | 12,605 | 4,156 |
Redeemed | (472,028,661 ) | (1,069,597,588 ) | (3,162,116 ) | (7,594,384 ) |
Institutional Select Class: | ||||
Subscribed | 18,950,976 | 44,186,852 | 37,499 | — |
Distributions Reinvested | 289,031 | 191,830 | 1 | — @ |
Redeemed | (32,199,206 ) | (47,131,435 ) | (37,500 ) | — |
Investor Class: | ||||
Subscribed | 3,399,352 | 6,731,850 | — | — |
Distributions Reinvested | 38 | 5 | 1 | — @ |
Redeemed | (3,545,790 ) | (4,172,638 ) | — | — |
Administrative Class: | ||||
Subscribed | 184,951 | 505,972 | — | — |
Distributions Reinvested | 1,348 | 491 | 1 | — @ |
Redeemed | (201,517 ) | (549,816 ) | — | — |
Advisory Class: | ||||
Subscribed | 2,612,119 | 6,237,970 | 39,658 | 55,392 |
Distributions Reinvested | 2,964 | 1,263 | 1 | — @ |
Redeemed | (2,504,095 ) | (6,604,719 ) | (24,333 ) | (54,206 ) |
Participant Class: | ||||
Subscribed | 1,609,033 | 5,801,894 | 48,444,182 | 106,789,924 |
Distributions Reinvested | 3 | 1 | 102,032 | 59,079 |
Redeemed | (1,546,211 ) | (5,593,376 ) | (50,789,170 ) | (115,781,938 ) |
Cash Management Class: | ||||
Subscribed | — | — | — | — |
Distributions Reinvested | 36 | 17 | 7 | 2 |
Redeemed | (1 ) | (2,652 ) | — | (32 ) |
Select Class: | ||||
Distributions Reinvested | 1 | — @ | — | — |
CastleOak Shares Class: | ||||
Subscribed | 9,008,237 | 1,179,067 | — | — |
Distributions Reinvested | 11,414 | 3,041 | — | — |
Redeemed | (7,647,199 ) | (1,182,223 ) | — | — |
Impact Class: | ||||
Subscribed | 82,192,264 | 97,704,923 * | — | — |
Distributions Reinvested | 10,643 | 437 * | — | — |
Redeemed | (80,693,300 ) | (96,878,743 )* | — | — |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | 26,632,382 | (19,870,543 ) | (1,834,130 ) | (9,736,183 ) |
Total Increase (Decrease) in Net Assets | 26,628,261 | (19,895,126 ) | (1,834,137 ) | (9,737,782 ) |
Net Assets: | ||||
Beginning of Period | 134,171,689 | 154,066,815 | 7,873,583 | 17,611,365 |
End of Period | $160,799,950 | $134,171,689 | $6,039,446 | $7,873,583 |
April 30, 2023
Government Portfolio | Government Securities Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
(1) Capital Share Transactions: | ||||
Institutional Class: | ||||
Shares Subscribed | 507,690,704 | 1,048,862,415 | 3,543,002 | 6,785,824 |
Shares Issued on Distributions Reinvested | 1,035,248 | 434,619 | 12,605 | 4,156 |
Shares Redeemed | (472,028,661 ) | (1,069,597,588 ) | (3,162,116 ) | (7,594,384 ) |
Net Increase (Decrease) in Institutional Class Shares Outstanding | 36,697,291 | (20,300,554 ) | 393,491 | (804,404 ) |
Institutional Select Class: | ||||
Shares Subscribed | 18,950,976 | 44,186,852 | 37,499 | — |
Shares Issued on Distributions Reinvested | 289,031 | 191,830 | 1 | — @@ |
Shares Redeemed | (32,199,206 ) | (47,131,435 ) | (37,500 ) | — |
Net Decrease in Institutional Select Class Shares Outstanding | (12,959,199 ) | (2,752,753 ) | — | — @@ |
Investor Class: | ||||
Shares Subscribed | 3,399,352 | 6,731,850 | — | — |
Shares Issued on Distributions Reinvested | 38 | 5 | 1 | — @@ |
Shares Redeemed | (3,545,790 ) | (4,172,638 ) | — | — |
Net Increase (Decrease) in Investor Class Shares Outstanding | (146,400 ) | 2,559,217 | 1 | — @@ |
Administrative Class: | ||||
Shares Subscribed | 184,951 | 505,972 | — | — |
Shares Issued on Distributions Reinvested | 1,348 | 491 | 1 | — @@ |
Shares Redeemed | (201,517 ) | (549,816 ) | — | — |
Net Increase (Decrease) in Administrative Class Shares Outstanding | (15,218 ) | (43,353 ) | 1 | — @@ |
Advisory Class: | ||||
Shares Subscribed | 2,612,119 | 6,237,970 | 39,658 | 55,392 |
Shares Issued on Distributions Reinvested | 2,964 | 1,263 | 1 | — @@ |
Shares Redeemed | (2,504,095 ) | (6,604,719 ) | (24,333 ) | (54,206 ) |
Net Increase (Decrease) in Advisory Class Shares Outstanding | 110,988 | (365,486 ) | 15,326 | 1,186 |
Participant Class: | ||||
Shares Subscribed | 1,609,033 | 5,801,894 | 48,444,182 | 106,789,924 |
Shares Issued on Distributions Reinvested | 3 | 1 | 102,032 | 59,079 |
Shares Redeemed | (1,546,211 ) | (5,593,376 ) | (50,789,170 ) | (115,781,938 ) |
Net Increase (Decrease) in Participant Class Shares Outstanding | 62,825 | 208,519 | (2,242,956 ) | (8,932,935 ) |
Cash Management Class: | ||||
Shares Subscribed | — | — | — | — |
Shares Issued on Distributions Reinvested | 36 | 17 | 7 | 2 |
Shares Redeemed | (1 ) | (2,652 ) | — | (32 ) |
Net Increase (Decrease) in Cash Management Class Shares Outstanding | 35 | (2,635 ) | 7 | (30 ) |
Select Class: | ||||
Shares Issued on Distributions Reinvested | 1 | — @@ | — | — |
Castleoak Shares Class: | ||||
Shares Subscribed | 9,008,237 | 1,179,067 | — | — |
Shares Issued on Distributions Reinvested | 11,414 | 3,041 | — | — |
Shares Redeemed | (7,647,199 ) | (1,182,223 ) | — | — |
Net Increase (Decrease) in Castleoak Shares Class Shares Outstanding | 1,372,452 | (115 ) | — | — |
Impact Class: | ||||
Shares Subscribed | 82,192,264 | 97,704,923 * | — | — |
Shares Issued on Distributions Reinvested | 10,643 | 437 * | — | — |
Shares Redeemed | (80,693,300 ) | (96,878,743 )* | — | — |
Net Increase in Impact Class Shares Outstanding | 1,509,607 | 826,617 | — | — |
* | For the period March 29, 2022 through October 31, 2022. |
@ | Amount is less than $500. |
@@ | Amount is less than 500 shares. |
April 30, 2023
Treasury Portfolio | Treasury Securities Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
Increase (Decrease) in Net Assets: | ||||
Operations: | ||||
Net Investment Income | $670,136 | $321,802 | $862,413 | $389,237 |
Net Realized Gain (Loss) | (318 ) | (6,144 ) | 3,386 | (1,058 ) |
Net Increase in Net Assets Resulting from Operations | 669,818 | 315,658 | 865,799 | 388,179 |
Dividends and Distributions to Shareholders: | ||||
Institutional Class | (472,056 ) | (209,714 ) | (859,807 ) | (385,736 ) |
Institutional Select Class | (141,215 ) | (93,497 ) | (839 ) | (3,108 ) |
Investor Class | (2,474 ) | (917 ) | (100 ) | (— @) |
Administrative Class | (160 ) | (65 ) | (722 ) | (121 ) |
Advisory Class | (8,328 ) | (3,694 ) | (558 ) | (206 ) |
Participant Class | (45,807 ) | (13,830 ) | (241 ) | (1 ) |
Cash Management Class | (95 ) | (85 ) | (145 ) | (65 ) |
Select Class | (1 ) | (— @) | (1 ) | (— @) |
Total Dividends and Distributions to Shareholders | (670,136 ) | (321,802 ) | (862,413 ) | (389,237 ) |
Capital Share Transactions:(1) | ||||
Institutional Class: | ||||
Subscribed | 75,837,412 | 178,322,570 | 95,304,102 | 176,554,124 |
Distributions Reinvested | 237,611 | 104,531 | 557,200 | 240,240 |
Redeemed | (75,636,467 ) | (177,622,937 ) | (95,257,293 ) | (185,074,381 ) |
Institutional Select Class: | ||||
Subscribed | 4,348,046 | 12,079,591 | 188,239 | 172,182 |
Distributions Reinvested | 141,227 | 93,497 | 65 | 2,398 |
Redeemed | (9,919,161 ) | (18,439,743 ) | (189,982 ) | (1,201,614 ) |
Investor Class: | ||||
Subscribed | 454,240 | 931,890 | 11,637 | — |
Distributions Reinvested | 157 | 79 | 100 | — @ |
Redeemed | (440,351 ) | (869,200 ) | (4,155 ) | — |
Administrative Class: | ||||
Subscribed | 7,551 | 12,401 | 42,574 | 13,142 |
Distributions Reinvested | 64 | 24 | 1 | — @ |
Redeemed | (5,885 ) | (7,651 ) | (23,189 ) | (15,425 ) |
Advisory Class: | ||||
Subscribed | 1,027,035 | 2,648,218 | 135,279 | 883,720 |
Distributions Reinvested | 1,429 | 555 | 453 | 143 |
Redeemed | (1,046,564 ) | (2,680,983 ) | (145,499 ) | (888,137 ) |
Participant Class: | ||||
Subscribed | 1,851,341 | 5,549,388 | 35,356 | 404 |
Distributions Reinvested | 1 | — @ | 3 | 1 |
Redeemed | (2,005,705 ) | (5,760,557 ) | (211 ) | (379 ) |
Cash Management Class: | ||||
Subscribed | — | — @ | — | — @ |
Distributions Reinvested | 95 | 78 | 145 | 65 |
Redeemed | (192 ) | (12,688 ) | (1,211 ) | (1,508 ) |
Select Class: | ||||
Subscribed | — | — | — | — |
Distributions Reinvested | 1 | — @ | 1 | — @ |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (5,148,115 ) | (5,650,937 ) | 653,615 | (9,315,025 ) |
Total Increase (Decrease) in Net Assets | (5,148,433 ) | (5,657,081 ) | 657,001 | (9,316,083 ) |
Net Assets: | ||||
Beginning of Period | 34,247,812 | 39,904,893 | 44,320,520 | 53,636,603 |
End of Period | $29,099,379 | $34,247,812 | $44,977,521 | $44,320,520 |
April 30, 2023
Treasury Portfolio | Treasury Securities Portfolio | |||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
(1) Capital Share Transactions: | ||||
Institutional Class: | ||||
Shares Subscribed | 75,837,412 | 178,322,570 | 95,304,102 | 176,554,124 |
Shares Issued on Distributions Reinvested | 237,611 | 104,531 | 557,200 | 240,240 |
Shares Redeemed | (75,636,467 ) | (177,622,937 ) | (95,257,293 ) | (185,074,381 ) |
Net Increase (Decrease) in Institutional Class Shares Outstanding | 438,556 | 804,164 | 604,009 | (8,280,017 ) |
Institutional Select Class: | ||||
Shares Subscribed | 4,348,046 | 12,079,591 | 188,239 | 172,182 |
Shares Issued on Distributions Reinvested | 141,227 | 93,497 | 65 | 2,398 |
Shares Redeemed | (9,919,161 ) | (18,439,743 ) | (189,982 ) | (1,201,614 ) |
Net Decrease in Institutional Select Class Shares Outstanding | (5,429,888 ) | (6,266,655 ) | (1,678 ) | (1,027,034 ) |
Investor Class: | ||||
Shares Subscribed | 454,240 | 931,890 | 11,637 | — |
Shares Issued on Distributions Reinvested | 157 | 79 | 100 | — @@ |
Shares Redeemed | (440,351 ) | (869,200 ) | (4,155 ) | — |
Net Increase in Investor Class Shares Outstanding | 14,046 | 62,769 | 7,582 | — @@ |
Administrative Class: | ||||
Shares Subscribed | 7,551 | 12,401 | 42,574 | 13,142 |
Shares Issued on Distributions Reinvested | 64 | 24 | 1 | — @@ |
Shares Redeemed | (5,885 ) | (7,651 ) | (23,189 ) | (15,425 ) |
Net Increase (Decrease) in Administrative Class Shares Outstanding | 1,730 | 4,774 | 19,386 | (2,283 ) |
Advisory Class: | ||||
Shares Subscribed | 1,027,035 | 2,648,218 | 135,279 | 883,720 |
Shares Issued on Distributions Reinvested | 1,429 | 555 | 453 | 143 |
Shares Redeemed | (1,046,564 ) | (2,680,983 ) | (145,499 ) | (888,137 ) |
Net Decrease in Advisory Class Shares Outstanding | (18,100 ) | (32,210 ) | (9,767 ) | (4,274 ) |
Participant Class: | ||||
Shares Subscribed | 1,851,341 | 5,549,388 | 35,356 | 404 |
Shares Issued on Distributions Reinvested | 1 | — @@ | 3 | 1 |
Shares Redeemed | (2,005,705 ) | (5,760,557 ) | (211 ) | (379 ) |
Net Increase (Decrease) in Participant Class Shares Outstanding | (154,363 ) | (211,169 ) | 35,148 | 26 |
Cash Management Class: | ||||
Shares Subscribed | — | — @@ | — | — @@ |
Shares Issued on Distributions Reinvested | 95 | 78 | 145 | 65 |
Shares Redeemed | (192 ) | (12,688 ) | (1,211 ) | (1,508 ) |
Net Decrease in Cash Management Class Shares Outstanding | (97 ) | (12,610 ) | (1,066 ) | (1,443 ) |
Select Class: | ||||
Shares Issued on Distributions Reinvested | 1 | — @@ | 1 | — @@ |
@ | Amount is less than $500. |
@@ | Amount is less than 500 shares. |
April 30, 2023
Tax-Exempt Portfolio | ||
Six Months Ended April 30, 2023 (unaudited) (000) | Year Ended October 31, 2022 (000) | |
Increase (Decrease) in Net Assets: | ||
Operations: | ||
Net Investment Income | $6,126 | $2,203 |
Net Realized Loss | — | (2 ) |
Net Change in Unrealized Appreciation (Depreciation) | (30 ) | 3 |
Net Increase in Net Assets Resulting from Operations | 6,096 | 2,204 |
Dividends and Distributions to Shareholders: | ||
Institutional Class | (6,091 ) | (2,185 ) |
Institutional Select Class | (1 ) | (— @) |
Cash Management Class | (34 ) | (18 ) |
Total Dividends and Distributions to Shareholders | (6,126 ) | (2,203 ) |
Capital Share Transactions:(1) | ||
Institutional Class: | ||
Subscribed | 649,415 | 761,997 |
Distributions Reinvested | 5,333 | 1,811 |
Redeemed | (702,526 ) | (547,315 ) |
Institutional Select Class: | ||
Distributions Reinvested | 1 | — @ |
Cash Management Class: | ||
Subscribed | — | — @ |
Distributions Reinvested | 32 | 18 |
Redeemed | (2,201 ) | (1,241 ) |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (49,946 ) | 215,270 |
Total Increase (Decrease) in Net Assets | (49,976 ) | 215,271 |
Net Assets: | ||
Beginning of Period | 467,719 | 252,448 |
End of Period | $417,743 | $467,719 |
(1) Capital Share Transactions: | ||
Institutional Class: | ||
Shares Subscribed | 649,452 | 762,014 |
Shares Issued on Distributions Reinvested | 5,333 | 1,811 |
Shares Redeemed | (702,545 ) | (547,324 ) |
Net Increase (Decrease) in Institutional Class Shares Outstanding | (47,760 ) | 216,501 |
Institutional Select Class: | ||
Shares Issued on Distributions Reinvested | 1 | — @@ |
Cash Management Class: | ||
Shares Subscribed | — | — @@ |
Shares Issued on Distributions Reinvested | 32 | 18 |
Shares Redeemed | (2,201 ) | (1,241 ) |
Net Decrease in Cash Management Class Shares Outstanding | (2,169 ) | (1,223 ) |
@ | Amount is less than $500. |
@@ | Amount is less than 500 shares. |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
ESG Money Market Portfolio:* | |||||
Wealth Class** | |||||
Six Months Ended 04/30/23 (unaudited) | $1.001 | $0.021(1) | $0.000(2) | $(0.022) | $1.000 |
Year Ended 10/31/22 | 1.0009 | 0.0099(1) | 0.0002(2) | (0.0103) | 1.0007 |
Year Ended 10/31/21 | 1.0010 | 0.0006(1) | (0.0001)(2) | (0.0006) | 1.0009 |
Year Ended 10/31/20 | 1.0008 | 0.0087(1) | 0.0005 | (0.0090) | 1.0010 |
Year Ended 10/31/19 | 1.0004 | 0.0239(1) | 0.0005 | (0.0240) | 1.0008 |
Year Ended 10/31/18 | 1.0004 | 0.0190(1) | (0.0007) | (0.0183) | 1.0004 |
Wealth S Class** | |||||
Six Months Ended 04/30/23 (unaudited) | $1.001 | $0.021(1) | $0.000(2) | $(0.022) | $1.000 |
Year Ended 10/31/22 | 1.0007 | 0.0096(1) | 0.0001(2) | (0.0099) | 1.0005 |
Year Ended 10/31/21 | 1.0008 | 0.0004(1)(2) | (0.0001)(2) | (0.0004)(2) | 1.0007 |
Year Ended 10/31/20 | 1.0006 | 0.0082(1) | 0.0005 | (0.0085) | 1.0008 |
Year Ended 10/31/19 | 1.0002 | 0.0233(1) | 0.0006 | (0.0235) | 1.0006 |
Year Ended 10/31/18 | 1.0002 | 0.0185(1) | (0.0007) | (0.0178) | 1.0002 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.001 | $0.020(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.0011 | 0.0083(1) | 0.0002(2) | (0.0087) | 1.0009 |
Year Ended 10/31/21 | 1.0012 | 0.0003(1)(2) | (0.0001)(2) | (0.0003)(2) | 1.0011 |
Year Ended 10/31/20 | 1.0010 | 0.0065(1) | 0.0005 | (0.0068) | 1.0012 |
Year Ended 10/31/19 | 1.0007 | 0.0213(1) | 0.0005 | (0.0215) | 1.0010 |
Year Ended 10/31/18 | 1.0006 | 0.0165(1) | (0.0006) | (0.0158) | 1.0007 |
Participant Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.001 | $0.019(1) | $(0.001)(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.0007 | 0.0070(1) | 0.0002(2) | (0.0074) | 1.0005 |
Year Ended 10/31/21 | 1.0008 | 0.0003(1)(2) | (0.0001)(2) | (0.0003)(2) | 1.0007 |
Year Ended 10/31/20 | 1.0006 | 0.0049(1) | 0.0005 | (0.0052) | 1.0008 |
Year Ended 10/31/19 | 1.0003 | 0.0188(1) | 0.0005 | (0.0190) | 1.0006 |
Year Ended 10/31/18 | 1.0002 | 0.0140(1) | (0.0006) | (0.0133) | 1.0003 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.001 | $0.021(1) | $(0.001)(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.0007 | 0.0090(1) | 0.0001(2) | (0.0093) | 1.0005 |
Year Ended 10/31/21 | 1.0007 | 0.0003(1)(2) | 0.0000(2) | (0.0003)(2) | 1.0007 |
Year Ended 10/31/20 | 1.0005 | 0.0073(1) | 0.0004(2) | (0.0075) | 1.0007 |
Year Ended 10/31/19 | 1.0002 | 0.0223(1) | 0.0005 | (0.0225) | 1.0005 |
Year Ended 10/31/18 | 1.0001 | 0.0175(1) | (0.0006) | (0.0168) | 1.0002 |
Select Class | |||||
For the Period Ended 04/30/23 (unaudited)(6) | $1.000 | $0.019(1) | $(0.008) | $(0.011) | $1.000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets Excluding Interest Expenses | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.14 %(3) | $1,716,630 | 0.18 %(4) | N/A | 0.25 %(4) | 4.30 %(4) | 4.23 %(4) |
1.01 % | 3,192,797 | 0.16 % | N/A | 0.22 % | 0.99 % | 0.93 % |
0.05 % | 3,291,307 | 0.14 % | N/A | 0.22 % | 0.06 % | (0.02 )% |
0.92 % | 4,142,846 | 0.13 % | N/A | 0.22 % | 0.87 % | 0.78 % |
2.46 % | 3,345,665 | 0.16 % | 0.16 % | 0.22 % | 2.38 % | 2.32 % |
1.84 % | 1,709,776 | 0.15 % | N/A | 0.25 % | 1.91 % | 1.81 % |
2.13 %(3) | $53 | 0.23 %(4)(5) | N/A | 0.30 %(4) | 4.25 %(4) | 4.18 %(4) |
0.98 % | 53 | 0.19 %(5) | N/A | 0.27 % | 0.96 % | 0.88 % |
0.03 % | 51 | 0.16 %(5) | N/A | 0.27 % | 0.04 % | (0.07 )% |
0.87 % | 51 | 0.18 %(5) | N/A | 0.27 % | 0.82 % | 0.73 % |
2.41 % | 51 | 0.21 %(5) | 0.21 %(5) | 0.27 % | 2.33 % | 2.27 % |
1.79 % | 50 | 0.20 %(5) | N/A | 0.30 % | 1.86 % | 1.76 % |
1.99 %(3) | $53 | 0.43 %(4)(5) | N/A | 0.50 %(4) | 4.05 %(4) | 3.98 %(4) |
0.85 % | 52 | 0.32 %(5) | N/A | 0.47 % | 0.83 % | 0.68 % |
0.02 % | 51 | 0.17 %(5) | N/A | 0.47 % | 0.03 % | (0.27 )% |
0.70 % | 51 | 0.36 %(5) | N/A | 0.47 % | 0.65 % | 0.54 % |
2.20 % | 51 | 0.41 %(5) | 0.41 %(5) | 0.47 % | 2.13 % | 2.07 % |
1.60 % | 50 | 0.40 %(5) | N/A | 0.50 % | 1.66 % | 1.56 % |
1.90 %(3) | $52 | 0.68 %(4)(5) | N/A | 0.75 %(4) | 3.80 %(4) | 3.73 %(4) |
0.72 % | 51 | 0.45 %(5) | N/A | 0.72 % | 0.70 % | 0.43 % |
0.02 % | 51 | 0.17 %(5) | N/A | 0.72 % | 0.03 % | (0.52 )% |
0.54 % | 51 | 0.52 %(5) | N/A | 0.72 % | 0.49 % | 0.29 % |
1.94 % | 51 | 0.66 %(5) | 0.66 %(5) | 0.72 % | 1.88 % | 1.82 % |
1.34 % | 50 | 0.65 %(5) | N/A | 0.75 % | 1.41 % | 1.31 % |
2.08 %(3) | $5,159 | 0.33 %(4)(5) | N/A | 0.40 %(4) | 4.15 %(4) | 4.08 %(4) |
0.91 % | 7,338 | 0.25 %(5) | N/A | 0.37 % | 0.90 % | 0.78 % |
0.03 % | 8,341 | 0.17 %(5) | N/A | 0.37 % | 0.03 % | (0.17 )% |
0.78 % | 8,784 | 0.28 %(5) | N/A | 0.37 % | 0.72 % | 0.63 % |
2.30 % | 11,789 | 0.31 %(5) | 0.31 %(5) | 0.37 % | 2.23 % | 2.17 % |
1.70 % | 13,998 | 0.30 %(5) | N/A | 0.40 % | 1.76 % | 1.66 % |
1.07 %(3) | $51 | 0.98 %(4)(5) | N/A | 1.05 %(4) | 3.50 %(4) | 3.43 %(4) |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Prime Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $0.9999 | $0.0223(1) | $0.0001(2) | $(0.0222) | $1.0001 |
Year Ended 10/31/22 | 1.0001 | 0.0104(1) | (0.0002)(2) | (0.0104) | 0.9999 |
Year Ended 10/31/21 | 1.0001 | 0.0007(1) | 0.0000(2) | (0.0007) | 1.0001 |
Year Ended 10/31/20 | 1.0008 | 0.0081(1) | 0.0001(2) | (0.0089) | 1.0001 |
Year Ended 10/31/19 | 1.0005 | 0.0240(1) | 0.0002(2) | (0.0239) | 1.0008 |
Year Ended 10/31/18 | 1.0005 | 0.0186(1) | (0.0004)(2) | (0.0182) | 1.0005 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $0.9996 | $0.0221(1) | $0.0000(2) | $(0.0219) | $0.9998 |
Year Ended 10/31/22 | 0.9998 | 0.0100(1) | (0.0001)(2) | (0.0101) | 0.9996 |
Year Ended 10/31/21 | 0.9998 | 0.0004(1)(2) | 0.0001(2) | (0.0005) | 0.9998 |
Year Ended 10/31/20 | 1.0006 | 0.0076(1) | 0.0001(2) | (0.0085) | 0.9998 |
Year Ended 10/31/19 | 1.0003 | 0.0233(1) | 0.0004(2) | (0.0234) | 1.0006 |
Year Ended 10/31/18 | 1.0000 | 0.0181(1) | (0.0001)(2) | (0.0177) | 1.0003 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.0000 | $0.0211(1) | $0.0001(2) | $(0.0210) | $1.0002 |
Year Ended 10/31/22 | 0.9998 | 0.0096(1) | (0.0006)(2) | (0.0088) | 1.0000 |
Year Ended 10/31/21 | 0.9997 | 0.0005(1) | 0.0000(2) | (0.0004)(2) | 0.9998 |
Year Ended 10/31/20 | 1.0003 | 0.0058(1) | 0.0003(2) | (0.0067) | 0.9997 |
Year Ended 10/31/19 | 1.0000 | 0.0213(1) | 0.0004(2) | (0.0214) | 1.0003 |
Year Ended 10/31/18 | 1.0000 | 0.0161(1) | (0.0004)(2) | (0.0157) | 1.0000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $0.9998 | $0.0216(1) | $(0.0002)(2) | $(0.0214) | $0.9998 |
Year Ended 10/31/22 | 1.0000 | 0.0095(1) | (0.0003)(2) | (0.0094) | 0.9998 |
Year Ended 10/31/21 | 1.0000 | 0.0004(1)(2) | 0.0000(2) | (0.0004)(2) | 1.0000 |
Year Ended 10/31/20 | 1.0005 | 0.0066(1) | 0.0004(2) | (0.0075) | 1.0000 |
Year Ended 10/31/19 | 1.0003 | 0.0223(1) | 0.0003(2) | (0.0224) | 1.0005 |
Year Ended 10/31/18 | 1.0003 | 0.0171(1) | (0.0004)(2) | (0.0167) | 1.0003 |
CastleOak Shares Class | |||||
Six Months Ended 04/30/23 (unaudited) | $0.9999 | $0.0223(1) | $0.0000(2) | $(0.0222) | $1.0000 |
For the Period Ended 10/31/22(7) | 1.0000 | 0.0025(1) | (0.0002)(2) | (0.0024) | 0.9999 |
Impact Class | |||||
Six Months Ended 04/30/23 (unaudited) | $0.9999 | $0.0223(1) | $0.0001(2) | $(0.0222) | $1.0001 |
For the Period Ended 10/31/22(8) | 0.9997 | 0.0105(1) | (0.0003)(2) | (0.0100) | 0.9999 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.26 %(3) | $15,168,217 | 0.20 %(4) | 0.21 %(4) | 4.50 %(4) | 4.49 %(4) |
1.02 % | 14,651,432 | 0.15 % | 0.21 % | 1.05 % | 0.99 % |
0.07 % | 16,772,763 | 0.14 % | 0.21 % | 0.06 % | (0.01 )% |
0.83 % | 20,230,517 | 0.13 % | 0.21 % | 0.81 % | 0.73 % |
2.45 % | 12,521,950 | 0.16 % | 0.21 % | 2.38 % | 2.33 % |
1.84 % | 7,679,347 | 0.15 % | 0.21 % | 1.87 % | 1.81 % |
2.24 %(3) | $18,780 | 0.25 %(4)(5) | 0.26 %(4) | 4.45 %(4) | 4.44 %(4) |
0.99 % | 22,760 | 0.19 %(5) | 0.26 % | 1.01 % | 0.94 % |
0.05 % | 5,723 | 0.16 %(5) | 0.26 % | 0.04 % | (0.06 )% |
0.77 % | 24,041 | 0.18 %(5) | 0.26 % | 0.76 % | 0.68 % |
2.40 % | 12,203 | 0.21 %(5) | 0.26 % | 2.33 % | 2.28 % |
1.82 % | 20,410 | 0.20 %(5) | 0.26 % | 1.82 % | 1.76 % |
2.14 %(3) | $38,965 | 0.45 %(4)(5) | 0.46 %(4) | 4.25 %(4) | 4.24 %(4) |
0.90 % | 52 | 0.24 %(5) | 0.46 % | 0.96 % | 0.74 % |
0.05 % | 1,659 | 0.14 %(5) | 0.46 % | 0.06 % | (0.26 )% |
0.61 % | 51 | 0.36 %(5) | 0.46 % | 0.59 % | 0.49 % |
2.19 % | 51 | 0.41 %(5) | 0.46 % | 2.13 % | 2.08 % |
1.58 % | 50 | 0.40 %(5) | 0.46 % | 1.62 % | 1.56 % |
2.17 %(3) | $417 | 0.35 %(4)(5) | 0.36 %(4) | 4.35 %(4) | 4.34 %(4) |
0.93 % | 4,733 | 0.25 %(5) | 0.36 % | 0.95 % | 0.84 % |
0.04 % | 5,343 | 0.16 %(5) | 0.36 % | 0.04 % | (0.16 )% |
0.70 % | 5,573 | 0.28 %(5) | 0.36 % | 0.66 % | 0.58 % |
2.29 % | 13,537 | 0.31 %(5) | 0.36 % | 2.23 % | 2.18 % |
1.69 % | 21,596 | 0.30 %(5) | 0.36 % | 1.72 % | 1.66 % |
2.24 %(3) | $925,990 | 0.20 %(4) | 0.21 %(4) | 4.50 %(4) | 4.49 %(4) |
0.24 %(3) | 50 | 0.15 %(4) | 0.21 %(4) | 1.05 %(4) | 0.99 %(4) |
2.26 %(3) | $313,089 | 0.20 %(4) | 0.21 %(4) | 4.50 %(4) | 4.49 %(4) |
1.03 %(3) | 50 | 0.15 %(4) | 0.21 %(4) | 1.05 %(4) | 0.99 %(4) |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Government Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.009(1) | 0.000(2) | (0.009) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.005(1) | 0.001 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.022(1) | 0.000(2) | (0.022) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.016(1) | (0.001) | (0.015) | 1.000 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.009(1) | 0.000(2) | (0.009) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.005(1) | 0.001 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | 0.000(2) | (0.015) | 1.000 |
Investor Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.001 | (0.009) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | (0.001) | (0.014) | 1.000 |
Administrative Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.000(2) | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.000(2) | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.013(1) | 0.000(2) | (0.013) | 1.000 |
Participant Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.018(1) | $0.000(2) | $(0.018) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.000(2) | (0.006) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.001 | (0.004) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.017(1) | 0.000(2) | (0.017) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.011(1) | (0.001) | (0.010) | 1.000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.000(2) | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.017(1) | $0.000(2) | $(0.017) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.005(1) | 0.000(2) | (0.005) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.001(1) | 0.002 | (0.003) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.008(1) | (0.001) | (0.007) | 1.000 |
Castleoak Shares Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.009(1) | 0.000(2) | (0.009) | 1.000 |
For the Period Ended 10/31/21 (9) | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Impact Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
For the Period Ended 10/31/22 (8) | 1.000 | 0.009(1) | 0.000(2) | (0.009) | 1.000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets Excluding Interest Expenses | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.11 %(3) | $141,817,227 | 0.16 %(4) | N/A | 0.20 %(4) | 4.22 %(4) | 4.18 %(4) |
0.93 % | 105,123,361 | 0.12 % | N/A | 0.21 % | 0.92 % | 0.83 % |
0.03 % | 125,443,478 | 0.07 % | N/A | 0.21 % | 0.02 % | (0.12 )% |
0.61 % | 75,357,703 | 0.17 % | 0.17 % | 0.21 % | 0.48 % | 0.44 % |
2.20 % | 57,870,416 | 0.17 % | 0.17 % | 0.21 % | 2.17 % | 2.13 % |
1.55 % | 42,900,056 | 0.17 % | N/A | 0.21 % | 1.55 % | 1.51 % |
2.08 %(3) | $6,862,955 | 0.21 %(4)(5) | N/A | 0.25 %(4) | 4.17 %(4) | 4.13 %(4) |
0.89 % | 19,822,512 | 0.15 %(5) | N/A | 0.26 % | 0.89 % | 0.78 % |
0.03 % | 22,579,049 | 0.07 %(5) | N/A | 0.26 % | 0.02 % | (0.17 )% |
0.57 % | 10,462,967 | 0.20 %(5) | 0.20 %(5) | 0.26 % | 0.45 % | 0.39 % |
2.15 % | 350,876 | 0.22 %(5) | 0.22 %(5) | 0.26 % | 2.12 % | 2.08 % |
1.50 % | 750,517 | 0.22 %(5) | N/A | 0.26 % | 1.50 % | 1.46 % |
2.06 %(3) | $3,845,775 | 0.26 %(4)(5) | N/A | 0.30 %(4) | 4.12 %(4) | 4.08 %(4) |
0.86 % | 3,992,292 | 0.19 %(5) | N/A | 0.31 % | 0.85 % | 0.73 % |
0.03 % | 1,433,481 | 0.07 %(5) | N/A | 0.31 % | 0.02 % | (0.22 )% |
0.55 % | 1,509,475 | 0.25 %(5) | 0.25 %(5) | 0.31 % | 0.40 % | 0.34 % |
2.10 % | 3,447,615 | 0.27 %(5) | 0.27 %(5) | 0.31 % | 2.07 % | 2.03 % |
1.45 % | 2,426,700 | 0.27 %(5) | N/A | 0.31 % | 1.45 % | 1.41 % |
2.03 %(3) | $298,916 | 0.31 %(4)(5) | N/A | 0.35 %(4) | 4.07 %(4) | 4.03 %(4) |
0.83 % | 314,143 | 0.21 %(5) | N/A | 0.36 % | 0.83 % | 0.68 % |
0.03 % | 357,558 | 0.07 %(5) | N/A | 0.36 % | 0.02 % | (0.27 )% |
0.52 % | 161,405 | 0.26 %(5) | 0.26 %(5) | 0.36 % | 0.39 % | 0.29 % |
2.05 % | 186,966 | 0.32 %(5) | 0.32 %(5) | 0.36 % | 2.02 % | 1.98 % |
1.40 % | 181,397 | 0.32 %(5) | N/A | 0.36 % | 1.40 % | 1.36 % |
1.98 %(3) | $1,539,363 | 0.41 %(4)(5) | N/A | 0.45 %(4) | 3.97 %(4) | 3.93 %(4) |
0.77 % | 1,428,422 | 0.27 %(5) | N/A | 0.46 % | 0.77 % | 0.58 % |
0.03 % | 1,794,163 | 0.07 %(5) | N/A | 0.46 % | 0.02 % | (0.37 )% |
0.47 % | 1,143,921 | 0.30 %(5) | 0.30 %(5) | 0.46 % | 0.35 % | 0.19 % |
1.95 % | 962,234 | 0.42 %(5) | 0.42 %(5) | 0.46 % | 1.92 % | 1.88 % |
1.30 % | 1,082,958 | 0.42 %(5) | N/A | 0.46 % | 1.30 % | 1.26 % |
1.86 %(3) | $2,353,791 | 0.66 %(4)(5) | N/A | 0.70 %(4) | 3.72 %(4) | 3.68 %(4) |
0.65 % | 2,291,041 | 0.40 %(5) | N/A | 0.71 % | 0.64 % | 0.33 % |
0.03 % | 2,082,873 | 0.07 %(5) | N/A | 0.71 % | 0.02 % | (0.62 )% |
0.38 % | 1,671,051 | 0.36 %(5) | 0.36 %(5) | 0.71 % | 0.29 % | (0.06 )% |
1.69 % | 942,575 | 0.67 %(5) | 0.67 %(5) | 0.71 % | 1.67 % | 1.63 % |
1.04 % | 770,987 | 0.67 %(5) | N/A | 0.71 % | 1.05 % | 1.01 % |
2.03 %(3) | $1,796 | 0.31 %(4)(5) | N/A | 0.35 %(4) | 4.07 %(4) | 4.03 %(4) |
0.83 % | 1,761 | 0.20 %(5) | N/A | 0.36 % | 0.84 % | 0.68 % |
0.03 % | 4,397 | 0.07 %(5) | N/A | 0.36 % | 0.02 % | (0.27 )% |
0.52 % | 4,704 | 0.26 %(5) | 0.26 %(5) | 0.36 % | 0.39 % | 0.29 % |
2.05 % | 4,914 | 0.32 %(5) | 0.32 %(5) | 0.36 % | 2.02 % | 1.98 % |
1.40 % | 16,226 | 0.32 %(5) | N/A | 0.36 % | 1.40 % | 1.36 % |
1.71 %(3) | $52 | 0.96 %(4)(5) | N/A | 1.00 %(4) | 3.42 %(4) | 3.38 %(4) |
0.52 % | 51 | 0.53 %(5) | N/A | 1.01 % | 0.51 % | 0.03 % |
0.03 % | 51 | 0.07 %(5) | N/A | 1.01 % | 0.02 % | (0.92 )% |
0.26 % | 51 | 0.51 %(5) | 0.51 %(5) | 1.01 % | 0.14 % | (0.36 )% |
1.39 % | 50 | 0.97 %(5) | 0.97 %(5) | 1.01 % | 1.37 % | 1.33 % |
0.74 % | 50 | 0.97 %(5) | N/A | 1.01 % | 0.75 % | 0.71 % |
2.11 %(3) | $1,744,000 | 0.16 %(4) | N/A | 0.20 %(4) | 4.22 %(4) | 4.18 %(4) |
0.93 % | 371,597 | 0.12 % | N/A | 0.21 % | 0.92 % | 0.83 % |
0.01 %(3) | 371,765 | 0.07 %(4) | N/A | 0.21 %(4) | 0.02 %(4) | (0.12 )%(4) |
2.11 %(3) | $2,336,075 | 0.16 %(4) | N/A | 0.20 %(4) | 4.22 %(4) | 4.18 %(4) |
0.91 %(3) | 826,509 | 0.12 %(4) | N/A | 0.21 %(4) | 0.92 %(4) | 0.83 %(4) |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Government Securities Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.001 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.005(1) | 0.001 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.013(1) | 0.002 | (0.015) | 1.000 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.002 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.002 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.012(1) | 0.002 | (0.014) | 1.000 |
Investor Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.002 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.002 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.012(1) | 0.002 | (0.014) | 1.000 |
Administrative Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.001 | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.011(1) | 0.002 | (0.013) | 1.000 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.005(1) | 0.002 | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.010(1) | 0.002 | (0.012) | 1.000 |
Participant Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.005(1) | 0.002 | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.011(1) | 0.001 | (0.012) | 1.000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.001 | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.011(1) | 0.002 | (0.013) | 1.000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.09 %(3) | $1,211,230 | 0.20 %(4) | 0.21 %(4) | 4.15 %(4) | 4.14 %(4) |
0.83 % | 817,742 | 0.13 % | 0.22 % | 0.57 % | 0.48 % |
0.01 % | 1,622,265 | 0.06 % | 0.22 % | 0.00 %(10) | (0.16 )% |
0.61 % | 406,598 | 0.18 % | 0.21 % | 0.46 % | 0.43 % |
2.14 % | 157,694 | 0.20 % | 0.23 % | 2.12 % | 2.09 % |
1.47 % | 33,852 | 0.20 % | 0.21 % | 1.30 % | 1.29 % |
2.06 %(3) | $52 | 0.25 %(4)(5) | 0.26 %(4) | 4.10 %(4) | 4.09 %(4) |
0.80 % | 51 | 0.16 %(5) | 0.27 % | 0.54 % | 0.43 % |
0.01 % | 51 | 0.06 %(5) | 0.27 % | 0.00 %(10) | (0.21 )% |
0.58 % | 51 | 0.21 %(5) | 0.27 % | 0.43 % | 0.37 % |
2.08 % | 51 | 0.25 %(5) | 0.28 % | 2.07 % | 2.04 % |
1.43 % | 50 | 0.25 %(5) | 0.26 % | 1.25 % | 1.24 % |
2.04 %(3) | $52 | 0.30 %(4)(5) | 0.31 %(4) | 4.05 %(4) | 4.04 %(4) |
0.77 % | 51 | 0.19 %(5) | 0.32 % | 0.51 % | 0.38 % |
0.01 % | 51 | 0.06 %(5) | 0.32 % | 0.00 %(10) | (0.26 )% |
0.55 % | 51 | 0.24 %(5) | 0.31 % | 0.39 % | 0.32 % |
2.03 % | 1,006 | 0.30 %(5) | 0.33 % | 2.02 % | 1.99 % |
1.37 % | 460 | 0.30 %(5) | 0.31 % | 1.20 % | 1.19 % |
2.01 %(3) | $52 | 0.35 %(4)(5) | 0.36 %(4) | 4.00 %(4) | 3.99 %(4) |
0.74 % | 51 | 0.22 %(5) | 0.37 % | 0.48 % | 0.33 % |
0.01 % | 51 | 0.06 %(5) | 0.37 % | 0.00 %(10) | (0.31 )% |
0.52 % | 51 | 0.27 %(5) | 0.37 % | 0.37 % | 0.27 % |
1.98 % | 51 | 0.35 %(5) | 0.38 % | 1.97 % | 1.94 % |
1.32 % | 50 | 0.35 %(5) | 0.36 % | 1.15 % | 1.14 % |
1.96 %(3) | $55,708 | 0.45 %(4)(5) | 0.46 %(4) | 3.90 %(4) | 3.89 %(4) |
0.69 % | 40,382 | 0.27 %(5) | 0.47 % | 0.43 % | 0.23 % |
0.01 % | 39,201 | 0.06 %(5) | 0.47 % | 0.00 %(10) | (0.41 )% |
0.47 % | 39,903 | 0.30 %(5) | 0.46 % | 0.34 % | 0.18 % |
1.88 % | 38,039 | 0.45 %(5) | 0.48 % | 1.87 % | 1.84 % |
1.22 % | 35,943 | 0.45 %(5) | 0.46 % | 1.05 % | 1.04 % |
1.96 %(3) | $4,772,019 | 0.45 %(4)(5) | 0.71 %(4) | 3.90 %(4) | 3.64 %(4) |
0.69 % | 7,014,979 | 0.24 %(5) | 0.72 % | 0.46 % | (0.02 )% |
0.01 % | 15,949,390 | 0.06 %(5) | 0.72 % | 0.00 %(10) | (0.66 )% |
0.47 % | 6,549,518 | 0.29 %(5) | 0.71 % | 0.35 % | (0.07 )% |
1.88 % | 2,724,346 | 0.45 %(5) | 0.73 % | 1.87 % | 1.59 % |
1.22 % | 2,780,482 | 0.45 %(5) | 0.71 % | 1.05 % | 0.79 % |
2.01 %(3) | $333 | 0.35 %(4)(5) | 0.36 %(4) | 4.00 %(4) | 3.99 %(4) |
0.74 % | 327 | 0.22 %(5) | 0.37 % | 0.48 % | 0.33 % |
0.01 % | 356 | 0.06 %(5) | 0.37 % | 0.00 %(10) | (0.31 )% |
0.53 % | 356 | 0.26 %(5) | 0.36 % | 0.37 % | 0.27 % |
1.99 % | 355 | 0.35 %(5) | 0.38 % | 1.97 % | 1.94 % |
1.32 % | 1,384 | 0.35 %(5) | 0.36 % | 1.15 % | 1.14 % |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Treasury Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.021(1) | $0.000(2) | $(0.021) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.001 | (0.009) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.002 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | 0.000(2) | (0.015) | 1.000 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.001 | (0.009) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | 0.000(2) | (0.015) | 1.000 |
Investor Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.000(2) | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Administrative Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.001 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.000(2) | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.013(1) | 0.000(2) | (0.013) | 1.000 |
Participant Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.018(1) | $0.000(2) | $(0.018) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.006(1) | 0.000 | (0.006) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.002(1) | 0.002 | (0.004) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.016(1) | 0.000(2) | (0.016) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.010(1) | 0.000(2) | (0.010) | 1.000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.001 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | 0.000(2) | (0.014) | 1.000 |
Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.017(1) | $0.000(2) | $(0.017) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | (0.000)(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.000(1)(2) | 0.002 | (0.002) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.013(1) | 0.000(2) | (0.013) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.007(1) | 0.000(2) | (0.007) | 1.000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets Excluding Interest Expenses | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.09 %(3) | $22,707,162 | 0.20 %(4) | N/A | 0.21 %(4) | 4.15 %(4) | 4.14 %(4) |
0.89 % | 22,268,805 | 0.14 % | N/A | 0.21 %(4) | 0.83 % | 0.76 % |
0.01 % | 21,468,388 | 0.07 % | N/A | 0.21 %(4) | 0.01 % | (0.13 )% |
0.57 % | 22,266,196 | 0.19 % | 0.19 % | 0.21 %(4) | 0.37 % | 0.35 % |
2.17 % | 14,630,148 | 0.19 % | N/A | 0.21 %(4) | 2.15 % | 2.13 % |
1.55 % | 13,792,827 | 0.19 % | N/A | 0.21 %(4) | 1.53 % | 1.51 % |
2.06 %(3) | $3,180,142 | 0.25 %(4)(5) | N/A | 0.26 %(4) | 4.10 %(4) | 4.09 %(4) |
0.86 % | 8,610,123 | 0.17 %(5) | N/A | 0.26 %(4) | 0.80 % | 0.71 % |
0.01 % | 14,878,731 | 0.07 %(5) | N/A | 0.26 %(4) | 0.01 % | (0.18 )% |
0.54 % | 10,007,559 | 0.21 %(5) | 0.21 %(5) | 0.26 %(4) | 0.34 % | 0.29 % |
2.12 % | 239,361 | 0.24 %(5) | N/A | 0.26 %(4) | 2.10 % | 2.08 % |
1.50 % | 331,029 | 0.24 %(5) | N/A | 0.26 %(4) | 1.48 % | 1.46 % |
2.04 %(3) | $103,506 | 0.30 %(4)(5) | N/A | 0.31 %(4) | 4.05 %(4) | 4.04 %(4) |
0.83 % | 89,461 | 0.21 %(5) | N/A | 0.31 %(4) | 0.76 % | 0.66 % |
0.01 % | 26,713 | 0.07 %(5) | N/A | 0.31 %(4) | 0.01 % | (0.23 )% |
0.51 % | 35,583 | 0.23 %(5) | 0.23 %(5) | 0.31 %(4) | 0.33 % | 0.25 % |
2.07 % | 14,834 | 0.29 %(5) | N/A | 0.31 %(4) | 2.05 % | 2.03 % |
1.45 % | 9,446 | 0.29 %(5) | N/A | 0.31 %(4) | 1.43 % | 1.41 % |
2.01 %(3) | $9,798 | 0.35 %(4)(5) | N/A | 0.36 %(4) | 4.00 %(4) | 3.99 %(4) |
0.80 % | 8,067 | 0.26 %(5) | N/A | 0.36 %(4) | 0.71 % | 0.61 % |
0.01 % | 3,294 | 0.07 %(5) | N/A | 0.36 %(4) | 0.01 % | (0.28 )% |
0.49 % | 3,435 | 0.27 %(5) | 0.27 %(5) | 0.36 %(4) | 0.29 % | 0.20 % |
2.02 % | 3,534 | 0.34 %(5) | N/A | 0.36 %(4) | 2.00 % | 1.98 % |
1.39 % | 2,500 | 0.34 %(5) | N/A | 0.36 %(4) | 1.38 % | 1.36 % |
1.96 %(3) | $461,168 | 0.45 %(4)(5) | N/A | 0.46 %(4) | 3.90 %(4) | 3.89 %(4) |
0.74 % | 479,272 | 0.29 %(5) | N/A | 0.46 %(4) | 0.68 % | 0.51 % |
0.01 % | 511,566 | 0.07 %(5) | N/A | 0.46 %(4) | 0.01 % | (0.38 )% |
0.45 % | 575,951 | 0.29 %(5) | 0.29 %(5) | 0.46 %(4) | 0.26 % | 0.09 % |
1.92 % | 545,826 | 0.44 %(5) | N/A | 0.46 %(4) | 1.90 % | 1.88 % |
1.29 % | 467,066 | 0.44 %(5) | N/A | 0.46 %(4) | 1.28 % | 1.26 % |
1.84 %(3) | $2,632,848 | 0.70 %(4)(5) | N/A | 0.71 %(4) | 3.65 %(4) | 3.64 %(4) |
0.62 % | 2,787,233 | 0.35 %(5) | N/A | 0.71 %(4) | 0.62 % | 0.26 % |
0.01 % | 2,998,738 | 0.07 %(5) | N/A | 0.71 %(4) | 0.01 % | (0.63 )% |
0.36 % | 2,383,586 | 0.39 %(5) | 0.39 %(5) | 0.71 %(4) | 0.17 % | (0.15 )% |
1.66 % | 1,430,849 | 0.69 %(5) | N/A | 0.71 %(4) | 1.65 % | 1.63 % |
1.04 % | 789,069 | 0.69 %(5) | N/A | 0.71 %(4) | 1.03 % | 1.01 % |
2.01 %(3) | $4,703 | 0.35 %(4)(5) | N/A | 0.36 %(4) | 4.00 %(4) | 3.99 %(4) |
0.80 % | 4,800 | 0.23 %(5) | N/A | 0.36 %(4) | 0.74 % | 0.61 % |
0.01 % | 17,412 | 0.07 %(5) | N/A | 0.36 %(4) | 0.01 % | (0.28 )% |
0.49 % | 17,563 | 0.27 %(5) | 0.27 %(5) | 0.36 %(4) | 0.29 % | 0.20 % |
2.02 % | 17,886 | 0.34 %(5) | N/A | 0.36 %(4) | 2.00 % | 1.98 % |
1.39 % | 22,288 | 0.34 %(5) | N/A | 0.36 %(4) | 1.38 % | 1.36 % |
1.68 %(3) | $52 | 1.00 %(4)(5) | N/A | 1.01 %(4) | 3.35 %(4) | 3.34 %(4) |
0.48 % | 51 | 0.54 %(5) | N/A | 1.01 %(4) | 0.43 % | (0.04 )% |
0.01 % | 51 | 0.07 %(5) | N/A | 1.01 %(4) | 0.01 % | (0.93 )% |
0.25 % | 51 | 0.51 %(5) | 0.51 %(5) | 1.01 %(4) | 0.05 % | (0.45 )% |
1.36 % | 50 | 0.99 %(5) | N/A | 1.01 %(4) | 1.35 % | 1.33 % |
0.74 % | 50 | 0.99 %(5) | N/A | 1.01 %(4) | 0.73 % | 0.71 % |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Treasury Securities Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.008(1) | 0.000(2) | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.002 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.021(1) | 0.000(2) | (0.021) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | (0.000)(2) | (0.015) | 1.000 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.001 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.002 | (0.006) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.015(1) | (0.000)(2) | (0.015) | 1.000 |
Investor Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.020(1) | $0.000(2) | $(0.020) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.001 | (0.008) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.004(1) | 0.001 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.020(1) | 0.000(2) | (0.020) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | (0.000)(2) | (0.014) | 1.000 |
Administrative Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.000(2) | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | (0.000)(2) | (0.014) | 1.000 |
Advisory Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.000(2) | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.002(1) | 0.003 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.018(1) | 0.000(2) | (0.018) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.013(1) | (0.000)(2) | (0.013) | 1.000 |
Participant Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.018(1) | $0.000(2) | $(0.018) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.005(1) | 0.000(2) | (0.005) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.002(1) | 0.002 | (0.004) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.016(1) | 0.000(2) | (0.016) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.010(1) | (0.000)(2) | (0.010) | 1.000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.019(1) | $0.000(2) | $(0.019) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.007(1) | 0.000(2) | (0.007) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.003(1) | 0.002 | (0.005) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.019(1) | 0.000(2) | (0.019) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.014(1) | (0.000)(2) | (0.014) | 1.000 |
Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.000 | $0.016(1) | $0.000(2) | $(0.016) | $1.000 |
Year Ended 10/31/22 | 1.000 | 0.004(1) | 0.000(2) | (0.004) | 1.000 |
Year Ended 10/31/21 | 1.000 | 0.000(1)(2) | 0.000(2) | (0.000)(2) | 1.000 |
Year Ended 10/31/20 | 1.000 | 0.001(1) | 0.001 | (0.002) | 1.000 |
Year Ended 10/31/19 | 1.000 | 0.013(1) | 0.000(2) | (0.013) | 1.000 |
Year Ended 10/31/18 | 1.000 | 0.007(1) | (0.000)(2) | (0.007) | 1.000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets Excluding Interest Expenses | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
2.04 %(3) | $44,841,901 | 0.20 %(4) | N/A | 0.21 %(4) | 4.06 %(4) | 4.05 %(4) |
0.82 % | 44,234,518 | 0.13 % | N/A | 0.21 % | 0.76 % | 0.68 % |
0.01 % | 52,515,537 | 0.06 % | N/A | 0.21 % | 0.01 % | (0.14 )% |
0.61 % | 45,646,654 | 0.18 % | 0.18 % | 0.21 % | 0.43 % | 0.40 % |
2.12 % | 23,790,835 | 0.20 % | N/A | 0.21 % | 2.09 % | 2.08 % |
1.51 % | 19,642,850 | 0.20 % | N/A | 0.21 % | 1.51 % | 1.50 % |
2.01 %(3) | $24,095 | 0.25 %(4)(5) | N/A | 0.26 %(4) | 4.01 %(4) | 4.00 %(4) |
0.79 % | 25,769 | 0.16 %(5) | N/A | 0.26 % | 0.73 % | 0.63 % |
0.01 % | 1,052,857 | 0.06 %(5) | N/A | 0.26 % | 0.01 % | (0.19 )% |
0.58 % | 4,118,125 | 0.21 %(5) | 0.21 %(5) | 0.26 % | 0.40 % | 0.35 % |
2.07 % | 398,934 | 0.25 %(5) | N/A | 0.26 % | 2.04 % | 2.03 % |
1.46 % | 189,558 | 0.25 %(5) | N/A | 0.26 % | 1.46 % | 1.45 % |
1.99 %(3) | $7,634 | 0.30 %(4)(5) | N/A | 0.31 %(4) | 3.96 %(4) | 3.95 %(4) |
0.75 % | 51 | 0.20 %(5) | N/A | 0.31 % | 0.69 % | 0.58 % |
0.01 % | 51 | 0.06 %(5) | N/A | 0.31 % | 0.01 % | (0.24 )% |
0.55 % | 51 | 0.25 %(5) | 0.25 %(5) | 0.31 % | 0.37 % | 0.31 % |
2.01 % | 51 | 0.30 %(5) | N/A | 0.31 % | 1.99 % | 1.98 % |
1.41 % | 39,323 | 0.30 %(5) | N/A | 0.31 % | 1.41 % | 1.40 % |
1.96 %(3) | $36,074 | 0.35 %(4)(5) | N/A | 0.36 %(4) | 3.91 %(4) | 3.90 %(4) |
0.72 % | 16,684 | 0.22 %(5) | N/A | 0.36 % | 0.67 % | 0.53 % |
0.01 % | 18,968 | 0.06 %(5) | N/A | 0.36 % | 0.01 % | (0.29 )% |
0.52 % | 2,024 | 0.27 %(5) | 0.27 %(5) | 0.36 % | 0.34 % | 0.25 % |
1.96 % | 2,015 | 0.35 %(5) | N/A | 0.36 % | 1.94 % | 1.93 % |
1.36 % | 2,378 | 0.35 %(5) | N/A | 0.36 % | 1.36 % | 1.35 % |
1.91 %(3) | $24,919 | 0.45 %(4)(5) | N/A | 0.46 %(4) | 3.81 %(4) | 3.80 %(4) |
0.67 % | 34,684 | 0.24 %(5) | N/A | 0.46 % | 0.65 % | 0.43 % |
0.01 % | 38,959 | 0.06 %(5) | N/A | 0.46 % | 0.01 % | (0.39 )% |
0.47 % | 17,188 | 0.40 %(5) | 0.40 %(5) | 0.46 % | 0.21 % | 0.15 % |
1.86 % | 42,143 | 0.45 %(5) | N/A | 0.46 % | 1.84 % | 1.83 % |
1.26 % | 12,489 | 0.45 %(5) | N/A | 0.46 % | 1.26 % | 1.25 % |
1.78 %(3) | $35,434 | 0.70 %(4)(5) | N/A | 0.71 %(4) | 3.56 %(4) | 3.55 %(4) |
0.54 % | 285 | 0.42 %(5) | N/A | 0.71 % | 0.47 % | 0.18 % |
0.01 % | 259 | 0.06 %(5) | N/A | 0.71 % | 0.01 % | (0.64 )% |
0.37 % | 575 | 0.40 %(5) | 0.40 %(5) | 0.71 % | 0.21 % | (0.10 )% |
1.61 % | 629 | 0.70 %(5) | N/A | 0.71 % | 1.59 % | 1.58 % |
1.00 % | 234 | 0.70 %(5) | N/A | 0.71 % | 1.01 % | 1.00 % |
1.96 %(3) | $7,412 | 0.35 %(4)(5) | N/A | 0.36 %(4) | 3.91 %(4) | 3.90 %(4) |
0.72 % | 8,478 | 0.23 %(5) | N/A | 0.36 % | 0.66 % | 0.53 % |
0.01 % | 9,921 | 0.06 %(5) | N/A | 0.36 % | 0.01 % | (0.29 )% |
0.52 % | 11,108 | 0.28 %(5) | 0.28 %(5) | 0.36 % | 0.33 % | 0.25 % |
1.96 % | 18,758 | 0.35 %(5) | N/A | 0.36 % | 1.94 % | 1.93 % |
1.36 % | 51,187 | 0.35 %(5) | N/A | 0.36 % | 1.36 % | 1.35 % |
1.63 %(3) | $52 | 1.00 %(4)(5) | N/A | 1.01 %(4) | 3.26 %(4) | 3.25 %(4) |
0.42 % | 51 | 0.53 %(5) | N/A | 1.01 % | 0.36 % | (0.12 )% |
0.01 % | 51 | 0.06 %(5) | N/A | 1.01 % | 0.01 % | (0.94 )% |
0.25 % | 51 | 0.54 %(5) | 0.54 %(5) | 1.00 % | 0.07 % | (0.39 )% |
1.30 % | 50 | 1.00 %(5) | N/A | 1.01 % | 1.29 % | 1.28 % |
0.70 % | 50 | 1.00 %(5) | N/A | 1.01 % | 0.71 % | 0.70 % |
April 30, 2023 (unaudited)
Net Asset Value, Beginning of Period | Net Investment Income | Net Realized and Unrealized Gain (Loss) on Investments | Distributions From Net Investment Income | Net Asset Value, End of Period | |
Tax-Exempt Portfolio: | |||||
Institutional Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.0001 | $0.0127(1) | $(0.0001)(2) | $(0.0128) | $0.9999 |
Year Ended 10/31/22 | 1.0001 | 0.0076(1) | (0.0014) | (0.0062) | 1.0001 |
Year Ended 10/31/21 | 1.0001 | 0.0001(1)(2) | 0.0000(2) | (0.0001)(2) | 1.0001 |
Year Ended 10/31/20 | 1.0001 | 0.0064(1) | (0.0004)(2) | (0.0060) | 1.0001 |
Year Ended 10/31/19 | 1.0000 | 0.0141(1) | 0.0001(2) | (0.0141) | 1.0001 |
Year Ended 10/31/18 | 1.0000 | 0.0118(1) | (0.0003)(2) | (0.0115) | 1.0000 |
Institutional Select Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.0001 | $0.0125(1) | $(0.0001)(2) | $(0.0126) | $0.9999 |
Year Ended 10/31/22 | 1.0001 | 0.0072(1) | (0.0014)(2) | (0.0058) | 1.0001 |
Year Ended 10/31/21 | 1.0001 | 0.0001(1)(2) | 0.0000(2) | (0.0001)(2) | 1.0001 |
Year Ended 10/31/20 | 1.0001 | 0.0060(1) | (0.0004)(2) | (0.0056) | 1.0001 |
Year Ended 10/31/19 | 1.0000 | 0.0136(1) | 0.0001(2) | (0.0136) | 1.0001 |
Year Ended 10/31/18 | 1.0000 | 0.0113(1) | (0.0003)(2) | (0.0110) | 1.0000 |
Cash Management Class | |||||
Six Months Ended 04/30/23 (unaudited) | $1.0001 | $0.0120(1) | $0.0000(2) | $(0.0121) | $1.0000 |
Year Ended 10/31/22 | 1.0001 | 0.0067(1) | (0.0015)(2) | (0.0052) | 1.0001 |
Year Ended 10/31/21 | 1.0002 | 0.0001(1)(2) | (0.0001)(2) | (0.0001)(2) | 1.0001 |
Year Ended 10/31/20 | 1.0001 | 0.0054(1) | (0.0003)(2) | (0.0050) | 1.0002 |
Year Ended 10/31/19 | 1.0000 | 0.0126(1) | 0.0001(2) | (0.0126) | 1.0001 |
Year Ended 10/31/18 | 1.0000 | 0.0103(1) | (0.0003)(2) | (0.0100) | 1.0000 |
April 30, 2023 (unaudited)
Total Return | Net Assets, End of Period (000) | Ratio of Expenses to Average Net Assets | Ratio of Expenses to Average Net Assets (Before Waivers/ Reimbursement) | Ratio of Net Investment Income to Average Net Assets | Ratio of Net Investment Income (Loss) to Average Net Assets (Before Waivers/ Reimbursement) |
1.28 %(3) | $416,414 | 0.16 %(4) | 0.32 %(4) | 2.57 %(4) | 2.41 %(4) |
0.61 % | 464,221 | 0.13 % | 0.39 % | 0.76 % | 0.50 % |
0.01 % | 247,727 | 0.08 % | 0.34 % | 0.01 % | (0.25 )% |
0.60 % | 366,440 | 0.15 % | 0.29 % | 0.63 % | 0.49 % |
1.43 % | 612,147 | 0.15 % | 0.27 % | 1.40 % | 1.28 % |
1.16 % | 491,714 | 0.18 % | 0.33 % | 1.18 % | 1.03 % |
1.24 %(3) | $52 | 0.21 %(4)(5) | 0.37 %(4) | 2.52 %(4) | 2.36 %(4) |
0.59 % | 51 | 0.17 %(5) | 0.44 % | 0.72 % | 0.45 % |
0.01 % | 51 | 0.08 %(5) | 0.39 % | 0.01 % | (0.30 )% |
0.56 % | 51 | 0.18 %(5) | 0.34 % | 0.59 % | 0.43 % |
1.38 % | 50 | 0.20 %(5) | 0.32 % | 1.35 % | 1.23 % |
1.10 % | 50 | 0.23 %(5) | 0.38 % | 1.13 % | 0.98 % |
1.20 %(3) | $1,277 | 0.31 %(4)(5) | 0.47 %(4) | 2.42 %(4) | 2.26 %(4) |
0.52 % | 3,447 | 0.22 %(5) | 0.54 % | 0.67 % | 0.35 % |
0.00 %(10) | 4,670 | 0.08 %(5) | 0.49 % | 0.01 % | (0.40 )% |
0.51 % | 4,816 | 0.25 %(5) | 0.44 % | 0.53 % | 0.34 % |
1.27 % | 7,435 | 0.30 %(5) | 0.42 % | 1.25 % | 1.13 % |
1.02 % | 11,805 | 0.33 %(5) | 0.48 % | 1.03 % | 0.88 % |
April 30, 2023 (Unaudited)
* | Effective January 23, 2023, ESG Money Market Portfolio operates as a "retail money market fund." |
** | Class name change for ESG Money Market effective January 23, 2023. |
(1) | Per share amount is based on average shares outstanding. |
(2) | Amount is less than $0.0005 per share. |
(3) | Not annualized. |
(4) | Annualized. |
(5) | Ratio of Expenses to Average Net Assets before and after Maximum Expense Ratios may vary among share classes by more or less than the administration plan, service and shareholder administration plan, distribution plan and/or shareholder services plan (the “plans”) fees due to either (1) fluctuations in daily net asset amounts, (2) changes in the plans’ fees during the period for each share class, (3) changes in the Funds’ expense cap during the year, (4) waivers to the plans’ fees for each share class, or (5) a combination of the previous points. |
(6) | Commenced offering on January 23, 2023. |
(7) | Commenced offering on October 4, 2022. |
(8) | Commenced offering on March 29, 2022. |
(9) | Commenced offering on May 4, 2021. |
(10) | Amount is less than 0.005%. |
April 30, 2023 (unaudited)
April 30, 2023 (unaudited)
April 30, 2023 (unaudited)
ESG Money Market Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Certificates of Deposit | $— | $134,999 | $— | $134,999 |
Commercial Paper | — | 438,231 | — | 438,231 |
Corporate Bonds | — | 27,738 | — | 27,738 |
Floating Rate Notes | — | 270,501 | — | 270,501 |
Repurchase Agreements | — | 742,000 | — | 742,000 |
Time Deposits | — | 106,000 | — | 106,000 |
Total Assets | $— | $1,719,469 | $— | $1,719,469 |
Prime Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Certificates of Deposit | $— | $1,165,183 | $— | $1,165,183 |
Commercial Paper | — | 3,940,835 | — | 3,940,835 |
Corporate Bonds | — | 30,948 | — | 30,948 |
Floating Rate Notes | — | 3,827,455 | — | 3,827,455 |
Repurchase Agreements | — | 5,843,000 | — | 5,843,000 |
Time Deposits | — | 1,640,000 | — | 1,640,000 |
Total Assets | $— | $16,447,421 | $— | $16,447,421 |
Government Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Repurchase Agreements | $— | $133,854,057 | $— | $133,854,057 |
U.S. Agency Securities | — | 17,931,116 | — | 17,931,116 |
U.S. Treasury Securities | — | 9,570,027 | — | 9,570,027 |
Total Assets | $— | $161,355,200 | $— | $161,355,200 |
Government Securities Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Repurchase Agreement | $— | $4,072,000 | $— | $4,072,000 |
U.S. Agency Securities | — | 1,136,639 | — | 1,136,639 |
U.S. Treasury Securities | — | 805,709 | — | 805,709 |
Total Assets | $— | $6,014,348 | $— | $6,014,348 |
Treasury Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Repurchase Agreements | $— | $25,735,000 | $— | $25,735,000 |
U.S. Treasury Securities | — | 3,384,302 | — | 3,384,302 |
Total Assets | $— | $29,119,302 | $— | $29,119,302 |
Treasury Securities Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
U.S. Treasury Securities | $— | $51,113,639 | $— | $51,113,639 |
Total Assets | $— | $51,113,639 | $— | $51,113,639 |
Tax-Exempt Portfolio | ||||
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) |
Assets: | ||||
Weekly Variable Rate Bonds | $— | $295,595 | $— | $295,595 |
Daily Variable Rate Bonds | — | 37,200 | — | 37,200 |
Municipal Bonds & Notes | — | 25,628 | — | 25,628 |
Closed-End Investment Companies | — | 21,400 | — | 21,400 |
Commercial Paper | — | 15,000 | — | 15,000 |
Total Assets | $— | $394,823 | $— | $394,823 |
April 30, 2023 (unaudited)
Fund | Advisory Fees |
ESG Money Market | 0.15 % |
Prime | 0.15 |
Government | 0.15 |
Government Securities | 0.15 |
Treasury | 0.15 |
Treasury Securities | 0.15 |
Tax-Exempt | 0.15 |
Maximum Expense Ratios | ||||
Class | ESG Money Market | Prime | Government | Government Securities |
Wealth*/Institutional Class | 0.20 % | 0.20 % | 0.20 % | 0.20 % |
Wealth S**/Institutional Select Class | 0.25 | 0.25 | 0.25 | 0.25 |
Investor Class | 0.30 | 0.30 | 0.30 | 0.30 |
Administrative Class | 0.35 | 0.35 | 0.35 | 0.35 |
Advisory Class | 0.45 | 0.45 | 0.45 | 0.45 |
Participant Class | 0.70 | 0.70 | 0.70 | 0.45 |
Cash Management Class | 0.35 | 0.35 | 0.35 | 0.35 |
Select Class | 1.00 + | — | 1.00 | — |
CastleOak Shares Class | — | 0.20 | 0.20 | — |
Impact Class | — | 0.20 | 0.20 | — |
Maximum Expense Ratios | |||
Class | Treasury | Treasury Securities | Tax-Exempt |
Wealth*/Institutional Class | 0.20 % | 0.20 % | 0.20 % |
Wealth S**/Institutional Select Class | 0.25 | 0.25 | 0.25 |
Investor Class | 0.30 | 0.30 | 0.30 |
Administrative Class | 0.35 | 0.35 | 0.35 |
Advisory Class | 0.45 | 0.45 | 0.45 |
Participant Class | 0.70 | 0.70 | 0.70 |
Cash Management Class | 0.35 | 0.35 | 0.35 |
Select Class | 1.00 | 1.00 | — |
* | Effective January 23, 2023, Institutional Class was renamed Wealth Class for ESG Money Market Portfolio. |
** | Effective January 23, 2023, Institutional Select Class was renamed Wealth S Class for ESG Money Market Portfolio. |
+ | Commenced offering on January 23, 2023. |
April 30, 2023 (unaudited)
Fund | Advisory Fees Waived and/or Reimbursed (000) |
ESG Money Market | $698 |
Prime | 762 |
Government | 27,005 |
Government Securities | 473 |
Treasury | 981 |
Treasury Securities | 1,224 |
Tax-Exempt | 333 |
Fund | Administration Fees Waived (000) |
Tax-Exempt | $45 |
April 30, 2023 (unaudited)
2022 Distributions Paid From: | 2021 Distributions Paid From: | |||
Fund | Ordinary Income (000) | Tax- Exempt Income (000) | Ordinary Income (000) | Tax- Exempt Income (000) |
ESG Money Market | $35,366 | $— | $2,152 | $— |
Prime | 147,519 | — | 11,345 | — |
Government | 1,362,663 | — | 32,498 | — |
Government Securities | 66,898 | — | 1,162 | — |
Treasury | 321,802 | — | 3,759 | — |
Treasury Securities | 389,237 | — | 5,640 | — |
Tax-Exempt | 31 | 2,172 | — | 28 |
Fund | Total Accumulated Loss (000) | Paid-in- Capital (000) |
ESG Money Market | $(334 ) | $334 |
Prime | (1,433 ) | 1,433 |
Government | (2,134 ) | 2,134 |
Government Securities | (101 ) | 101 |
Treasury | (933 ) | 933 |
Treasury Securities | (839 ) | 839 |
Fund | Undistributed Ordinary Income (000) | Tax-Exempt Income (000) | Undistributed Long-Term Capital Gain (000) |
ESG Money Market | $1,736 | $— | $— |
Prime | 13,223 | — | — |
Government | 164,273 | — | — |
Government Securities | 630 | — | — |
Treasury | 33,396 | — | — |
Treasury Securities | 40,532 | — | — |
Tax-Exempt | — | 92 | — |
Fund | Short-term Losses (No Expiration) (000) | Long-term Losses (No Expiration) (000) |
ESG Money Market | $1,143 | $— |
Prime | 16,470 | — |
Government | 24,907 | 319 |
Government Securities | 1,599 | — |
Treasury | 6,890 | — |
Treasury Securities | 1,554 | — |
Tax-Exempt | 2 | — |
April 30, 2023 (unaudited)
Fund | Capital Loss Carryforward Utilized (000) |
Prime | $49 |
Fund | Percentage of Ownership |
ESG Money Market | 100.0 % |
Prime | 45.4 |
Government | 40.6 |
Government Securities | 81.1 |
Treasury | 60.9 |
Treasury Securities | 74.8 |
Tax-Exempt | 95.6 |
April 30, 2023 (unaudited)
April 30, 2023 (unaudited)
FACTS | WHAT DOES MSIM DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include: ◾ Social Security number and income ◾ investment experience and risk tolerance ◾ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons MSIM chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does MSIM share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don't share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don't share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don't share |
For non-affiliates to market to you | No | We don't share |
April 30, 2023 (unaudited)
To limit our sharing | Call toll-free (844) 312-6327 or email: imprivacyinquiries@morganstanley.com Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free (844) 312-6327 or email: imprivacyinquiries@morganstanley.com |
Who we are | |
Who is providing this notice? | Morgan Stanley Investment Management Inc. and its investment management affiliates (“MSIM”) (see Investment Management Affiliates definition below) |
What we do | |
How does MSIM protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does MSIM collect my personal information? | We collect your personal information, for example, when you ◾ open an account or make deposits or withdrawals from your account ◾ buy securities from us or make a wire transfer ◾ give us your contact information We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only ◾ sharing for affiliates’ everyday business purposes — information about your creditworthiness ◾ affiliates from using your information to market to you ◾ sharing for non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
April 30, 2023 (unaudited)
Definitions | |
Investment Management Affiliates | MSIM Investment Management Affiliates include registered investment advisers, registered broker-dealers, and registered and unregistered funds in the Investment Management Division. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and non-financial companies. ◾ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Non-affiliates | Companies not related by common ownership or control. They can be financial and non-financial companies. ◾ MSIM does not share with non-affiliates so they can market to you. |
Joint marketing | A formal agreement between non-affiliated financial companies that together market financial products or services to you. ◾ MSIM doesn’t jointly market |
Other important information |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Non-affiliates unless you provide us with your written consent to share such information. |
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April 30, 2023 (unaudited)
522 Fifth Avenue
New York, New York 10036
522 Fifth Avenue
New York, New York 10036
2000 Crown Colony Drive
Quincy, Massachusetts 02169
522 Fifth Avenue
New York, New York 10036
One Congress Street
Boston, Massachusetts 02114
1095 Avenue of the Americas
New York, New York 10036
1155 Avenue of the Americas,
22nd Floor
New York, New York 10036
200 Clarendon Street
Boston, Massachusetts 02116
This Report has been prepared for shareholders and may be distributed
to others only if preceded or accompanied by a current prospectus.
522 Fifth Avenue
New York, New York 10036
5706684 EXP 06.30.24
Item 2. Code of Ethics.
Not applicable for semiannual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semiannual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semiannual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable for semiannual reports.
Item 6.
(a) See Item 1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Applicable only to annual reports filed by closed-end funds.
Item 9. Closed-End Fund Repurchases
Applicable only to reports filed by closed-end funds.
Item 10. Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominee to the Fund’s Board of Trustees since the Fund last provided disclosure in response to this item.
Item 11. Controls and Procedures
(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, based upon such officers' evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not Applicable
Item 13. Exhibits
(a) Code of Ethics – Not applicable for semiannual reports.
(c) Section 906 certification.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Morgan Stanley Institutional Liquidity Funds
/s/ John H. Gernon | |
John H. Gernon | |
Principal Executive Officer | |
June 20, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ John H. Gernon | |
John H. Gernon | |
Principal Executive Officer | |
June 20, 2023 |
/s/ Francis J. Smith | |
Francis J. Smith | |
Principal Financial Officer | |
June 20, 2023 |