Schedule of investments
Optimum International Fund | ||||||||
June 30, 2020 (Unaudited) | ||||||||
Number of | Value | Number of | Value | |||||
shares | (US $) | shares | (US $) | |||||
Common Stock - 97.19%D | Common StockD (continued) | |||||||
Australia - 4.40% | Canada (continued) | |||||||
Aristocrat Leisure | 91,860 | $ | 1,644,892 | Magna International | 99,062 | $ | 4,411,674 | |
BHP Billiton | 34,615 | 861,841 | Manulife Financial | 167,900 | 2,284,261 | |||
BlueScope Steel | 25,878 | 213,179 | Restaurant Brands | |||||
Cochlear | 10,832 | 1,422,123 | International * | 95,262 | 5,204,163 | |||
Fortescue Metals Group | 521,580 | 5,070,631 | Stantec | 5,280 | 162,997 | |||
Kogan. com | 14,989 | 153,869 | 14,368,670 | |||||
Newcrest Mining | 71,093 | 1,576,422 | Chile - 0.73% | |||||
Rio Tinto | 36,007 | 2,465,529 | Enel Americas ADR | 196,624 | 1,476,646 | |||
Rio Tinto (London Stock | Sociedad Quimica y Minera de | |||||||
Exchange) | 12,480 | 702,331 | Chile ADR | 82,073 | 2,139,643 | |||
Rio Tinto ADR * | 112,608 | 6,326,317 | 3,616,289 | |||||
Scentre Group | 732,995 | 1,112,791 | ||||||
South32 | 127,908 | 181,083 | China/Hong Kong - 12.64% | |||||
Vita Group | 36,979 | 24,783 | Anhui Conch Cement | |||||
Class H | 756,500 | 5,126,158 | ||||||
21,755,791 | Asia Cement China Holdings | 393,862 | 389,182 | |||||
Austria - 1.52% | Baidu ADR † | 25,224 | 3,024,105 | |||||
Erste Group Bank † | 161,267 | 3,808,763 | Build King Holdings | 210,000 | 22,089 | |||
Raiffeisen Bank International | 37,374 | 667,997 | BYD Class H * | 573,500 | 4,471,178 | |||
voestalpine * | 139,458 | 3,011,651 | China BlueChemical Class H | 330,000 | 49,312 | |||
Zumtobel Group † | 4,993 | 36,098 | China Construction Bank | |||||
7,524,509 | Class H | 1,869,000 | 1,520,213 | |||||
Belgium - 0.78% | China Life Insurance Class H | 2,010,000 | 4,055,705 | |||||
Barco | 232 | 40,968 | China National Chemical | |||||
Galapagos † | 8,641 | 1,705,542 | Engineering Class A | 2,238,084 | 1,740,723 | |||
Galapagos ADR † | 445 | 87,794 | China Oilfield Services | |||||
UCB | 17,493 | 2,030,001 | Class H | 6,130,000 | 5,586,253 | |||
China Overseas Grand Oceans | ||||||||
3,864,305 | Group | 218,833 | 124,712 | |||||
Brazil - 3.66% | China SCE Group Holdings | 261,000 | 114,018 | |||||
Ambev | 2,334,500 | 6,130,204 | China Telecom ADR | 3,668 | 102,961 | |||
Banco Bradesco ADR | 1,107,091 | 4,218,017 | Chinese Universe Publishing | |||||
BR Malls Participacoes | 49,200 | 92,644 | and Media Group Class A | 393,700 | 658,175 | |||
Direcional Engenharia | 79,700 | 230,390 | CITIC | 197,703 | 186,688 | |||
IRB Brasil Resseguros | 206,200 | 421,265 | Country Garden Services | |||||
Petroleo Brasileiro ADR | 457,696 | 3,785,146 | Holdings | 397,000 | 1,853,338 | |||
Porto Seguro | 12,600 | 118,259 | Dare Power Dekor Home | |||||
Smiles Fidelidade | 14,900 | 40,414 | Class A | 53,507 | 117,941 | |||
Sul America | 228,800 | 1,921,918 | Ever Sunshine Lifestyle | |||||
TOTVS | 220,600 | 949,236 | Services Group | 144,000 | 224,632 | |||
Transmissora Alianca de | FinVolution Group ADR | 270 | 489 | |||||
Energia Eletrica | 40,500 | 212,029 | Gemdale Properties & | |||||
18,119,522 | Investment | 284,000 | 52,950 | |||||
Greenland Holdings Class A | 1,941,000 | 1,701,930 | ||||||
Canada - 2.90% | Hangzhou Binjiang Real | |||||||
Colliers International Group | 446 | 25,560 | Estate Group Class A | 821,400 | 497,195 | |||
Constellation Software | 2,000 | 2,258,235 | Hengan International Group | 53,000 | 417,174 | |||
DREAM Unlimited Class A | 3,300 | 21,780 |
(continues) NQ-OPTIE [6/20] 8/20 (1294466) 1
Schedule of investments
Optimum International Fund (Unaudited)
Number of | Value | Number of | Value | |||||
shares | (US $) | shares | (US $) | |||||
Common StockD (continued) | Common StockD (continued) | |||||||
China/Hong Kong (continued) | China/Hong Kong (continued) | |||||||
Hi Sun Technology China † | 303,000 | $ | 34,190 | Zhengzhou Yutong Bus | ||||
Hopson Development | Class A | 264,659 | $ | 457,721 | ||||
Holdings | 94,000 | 98,055 | 62,546,762 | |||||
Industrial & Commercial Bank | Colombia - 0.97% | |||||||
of China Class H | 7,123,000 | 4,306,340 | Bancolombia ADR | 134,788 | 3,546,272 | |||
Jiangsu Guotai International | ||||||||
Group Class A | 212,600 | 182,870 | Ecopetrol | 2,168,920 | 1,197,581 | |||
Leju Holdings ADR † | 10,086 | 18,457 | Grupo Argos | 17,153 | 45,188 | |||
Lenovo Group | 418,000 | 233,220 | 4,789,041 | |||||
Li Ning | 57,500 | 184,140 | Denmark - 1.51% | |||||
Logan Group | 633,000 | 1,130,927 | Coloplast Class B | 5,045 | 786,354 | |||
Momo ADR | 45,858 | 801,598 | H. Lundbeck | 72,539 | 2,740,844 | |||
Nanjing Iron & Steel Class A | 1,319,800 | 605,264 | Novo Nordisk Class B | 60,344 | 3,931,275 | |||
NetEase ADR | 9,434 | 4,050,771 | 7,458,473 | |||||
Nine Dragons Paper Holdings | 186,000 | 170,060 | Finland - 0.03% | |||||
Ningbo Huaxiang Electronic | Kojamo | 696 | 14,709 | |||||
Class A | 274,000 | 603,279 | Orion Class A | 2,526 | 122,376 | |||
PAX Global Technology | 201,000 | 88,049 | QT Group † | 885 | 26,934 | |||
Poly Property Group | 92,504 | 28,026 | ||||||
Qudian ADR † | 79,957 | 135,927 | 164,019 | |||||
RiseSun Real Estate | France - 3.43% | |||||||
Development Class A | 57,900 | 66,580 | Capgemini | 37,514 | 4,329,173 | |||
Sailun Group Class A | 372,200 | 186,300 | CNP Assurances † | 30,468 | 353,381 | |||
Shanghai Fosun | Ipsen | 6,044 | 512,722 | |||||
Pharmaceutical Group | IPSOS | 23,199 | 584,848 | |||||
Class H | 1,019,000 | 3,416,259 | Peugeot † | 179,836 | 2,949,155 | |||
Shanghai Shimao Class A | 212,478 | 134,524 | Safran † | 44,491 | 4,475,408 | |||
Shanxi Taigang Stainless Steel | Sodexo | 43,189 | 2,928,557 | |||||
Class A | 690,400 | 325,254 | Ubisoft Entertainment † | 9,241 | 765,252 | |||
Shenzhen Overseas Chinese | Virbac † | 331 | 72,554 | |||||
Town Class A | 1,603,500 | 1,379,888 | ||||||
Shimao Group Holdings | 289,000 | 1,235,552 | 16,971,050 | |||||
Sinopec Engineering Group | Germany - 3.93% | |||||||
Class H | 34,001 | 14,599 | Allianz | 16,441 | 3,359,595 | |||
Sinopharm Group Class H | 1,110,800 | 2,855,820 | Bayer | 21,519 | 1,595,065 | |||
Sinotruk Hong Kong | 545,375 | 1,423,293 | Continental † | 37,446 | 3,681,366 | |||
TravelSky Technology Class H | 1,174,000 | 2,078,608 | Hornbach Baumarkt | 1,211 | 39,041 | |||
Vipshop Holdings ADR † | 8,166 | 162,585 | Kloeckner & Co. † | 3,934 | 21,561 | |||
Weichai Power Class H | 106,000 | 199,718 | Merck | 39,612 | 4,612,734 | |||
Wuhu Sanqi Interactive | MTU Aero Engines † | 15,062 | 2,622,303 | |||||
Entertainment Network | Vonovia | 57,378 | 3,507,120 | |||||
Technology Group Class A | 240,436 | 1,596,153 | 19,438,785 | |||||
XCMG Construction | Greece - 0.00% | |||||||
Machinery Class A | 1,835,900 | 1,542,460 | ||||||
XD † | 56,000 | 216,561 | Aegean Airlines | 2,452 | 11,021 | |||
Xinyu Iron & Steel Class A | 727,700 | 422,473 | 11,021 | |||||
Yuexiu Property | 692,000 | 124,120 | Hungary - 0.36% | |||||
MOL Hungarian Oil & Gas † | 57,125 | 337,730 |
2 NQ-OPTIE [6/20] 8/20 (1294466)
(Unaudited) | ||||||||
Number of | Value | Number of | Value | |||||
shares | (US $) | shares | (US $) | |||||
Common StockD (continued) | Common StockD (continued) | |||||||
Hungary (continued) | Japan (continued) | |||||||
OTP Bank † | 41,118 | $ | 1,445,516 | T-Gaia | 35,550 | $ | 671,933 | |
1,783,246 | Tokyo Electric Power Co. | |||||||
India - 1.72% | Holdings † | 568,700 | 1,749,428 | |||||
Ganesha Ecosphere | 3,262 | 9,616 | Toray Industries | 580,900 | 2,741,864 | |||
HDFC Bank ADR | 101,605 | 4,618,963 | 45,014,181 | |||||
ICICI Bank ADR | 410,459 | 3,813,164 | Luxembourg - 1.02% | |||||
ION Exchange India | 6,828 | 59,272 | Eurofins Scientific *† | 8,033 | 5,066,694 | |||
8,501,015 | 5,066,694 | |||||||
Ireland - 1.85% | Malaysia - 0.04% | |||||||
ICON † | 54,327 | 9,151,926 | AMMB Holdings | 218,200 | 159,006 | |||
9,151,926 | Lii Hen Industries | 26,800 | 15,266 | |||||
Israel - 2.87% | 174,272 | |||||||
Bank Hapoalim | 559,649 | 3,345,671 | Malta - 0.03% | |||||
Bank Leumi Le-Israel | 633,549 | 3,185,430 | Kindred Group SDR † | 25,961 | 156,728 | |||
Check Point Software | 156,728 | |||||||
Technologies † | 52,136 | 5,600,970 | Mexico - 1.02% | |||||
Isracard | 7 | 16 | Alpek | 416,641 | 317,223 | |||
Nice ADR † | 9,072 | 1,716,785 | Credito Real † | 75,575 | 39,391 | |||
Wix. com † | 1,327 | 340,004 | Gentera | 98,883 | 48,055 | |||
14,188,876 | Grupo Financiero Banorte | |||||||
Italy - 1.71% | Class O | 1,244,351 | 4,305,651 | |||||
Assicurazioni Generali | 182,640 | 2,774,352 | Grupo Financiero Inbursa | |||||
Banca Mediolanum | 33,210 | 239,002 | Class O † | 170,518 | 118,479 | |||
Esprinet † | 79,089 | 335,898 | Kimberly-Clark de Mexico | |||||
Prysmian | 219,961 | 5,102,729 | Class A | 61,178 | 95,369 | |||
8,451,981 | Orbia Advance | 82,643 | 122,142 | |||||
Japan - 9.10% | 5,046,310 | |||||||
A&A Material | 1,800 | 17,944 | Netherlands - 6.44% | |||||
Astellas Pharma | 139,200 | 2,324,579 | ASM International | 6,532 | 1,005,580 | |||
Denso | 126,100 | 4,945,270 | ASML Holding | 13,547 | 4,955,671 | |||
Fujitsu | 34,200 | 4,004,251 | EXOR | 37,468 | 2,150,561 | |||
Hitachi | 164,300 | 5,222,248 | Heineken | 42,485 | 3,916,880 | |||
Japan Post Holdings | 56,200 | 401,081 | Hunter Douglas † | 146 | 7,791 | |||
KDDI | 79,900 | 2,383,988 | Koninklijke Ahold Delhaize | 195,257 | 5,321,548 | |||
Mixi | 73,700 | 1,303,535 | Koninklijke Bam Groep † | 29,844 | 54,176 | |||
Nexon | 29,200 | 658,648 | Koninklijke KPN | 413,858 | 1,100,828 | |||
Nintendo | 7,600 | 3,397,723 | Koninklijke Philips † | 84,179 | 3,926,758 | |||
Nippon Telegraph & | NN Group † | 20,472 | 688,018 | |||||
Telephone | 181,700 | 4,233,510 | Royal Dutch Shell Class A | 376,787 | 6,167,766 | |||
NTT DOCOMO | 105,000 | 2,787,542 | Wolters Kluwer | 32,563 | 2,543,357 | |||
Optorun | 6,600 | 154,692 | 31,838,934 | |||||
Otsuka | 20,400 | 1,077,440 | New Zealand - 0.52% | |||||
Secom | 45,600 | 4,001,067 | a2 Milk † | 116,831 | 1,514,582 | |||
Softbank | 88,300 | 1,125,492 | Fisher & Paykel Healthcare | 46,794 | 1,077,985 | |||
Suzuken | 48,500 | 1,811,946 | 2,592,567 |
(continues) NQ-OPTIE [6/20] 8/20 (1294466) 3
Schedule of investments
Optimum International Fund (Unaudited)
Number of | Value | Number of | Value | |||||
shares | (US $) | shares | (US $) | |||||
Common StockD (continued) | Common StockD (continued) | |||||||
Norway - 2.85% | Singapore (continued) | |||||||
DNB † | 362,968 | $ | 4,844,716 | United Industrial | 323,400 | $ | 512,515 | |
Equinor ADR | 422,615 | 6,119,465 | 5,297,627 | |||||
Norsk Hydro † | 1,117,552 | 3,117,841 | South Africa - 0.13% | |||||
14,082,022 | AECI | 18,805 | 83,770 | |||||
Philippines - 0.01% | Anglo American Platinum | 2,060 | 149,922 | |||||
First Philippine Holdings | 18,950 | 23,276 | Gold Fields ADR | 4,034 | 37,920 | |||
Ginebra San Miguel | 36,090 | 22,468 | Kumba Iron Ore | 2,739 | 73,243 | |||
45,744 | Momentum Metropolitan | |||||||
Poland - 0.12% | Holdings | 88,888 | 90,458 | |||||
Asseco Poland | 20,652 | 345,794 | Old Mutual | 274,778 | 191,519 | |||
Jastrzebska Spolka Weglowa | 1,900 | 9,096 | Telkom | 21,065 | 36,133 | |||
LiveChat Software | 8,172 | 131,883 | 662,965 | |||||
TEN Square Games | 741 | 98,497 | Spain - 1.88% | |||||
585,270 | Amadeus IT Group | 117,910 | 6,190,530 | |||||
Atlantica Sustainable | ||||||||
Republic of Korea - 5.05% | Infrastructure | 102,475 | 2,982,023 | |||||
AK Holdings | 623 | 9,764 | Cia de Distribucion Integral | |||||
BNK Financial Group | 30,687 | 128,899 | Logista Holdings | 6,671 | 124,975 | |||
Daehan Steel | 4,588 | 26,677 | 9,297,528 | |||||
Daelim Industrial | 9,638 | 662,982 | ||||||
DB HiTek | 34,374 | 833,277 | Sweden - 1.21% | |||||
DMS | 6,768 | 29,430 | Axfood | 1,403 | 30,672 | |||
Hana Financial Group | 3,806 | 86,557 | Betsson † | 47,340 | 330,044 | |||
Handsome | 3,352 | 98,294 | Byggmax Group † | 15,513 | 73,398 | |||
Hanwha Aerospace † | 2,216 | 45,677 | Electrolux Class B | 50,819 | 855,025 | |||
Hanwha Systems | 3,184 | 23,751 | Essity Class B † | 34,378 | 1,114,583 | |||
Hyundai Engineering & | Getinge Class B | 7,342 | 136,814 | |||||
Construction | 2,551 | 70,666 | Husqvarna Class B | 52,177 | 429,418 | |||
JB Financial Group | 37,570 | 148,983 | KNOW IT † | 1,323 | 22,004 | |||
Kia Motors | 69,333 | 1,873,556 | Paradox Interactive | 1,056 | 22,849 | |||
KT ADR | 213,894 | 2,083,328 | SKF Class B | 16,818 | 314,388 | |||
LG Electronics | 48,487 | 2,569,603 | Swedish Match | 37,416 | 2,639,910 | |||
LG Uplus | 43,138 | 440,837 | 5,969,105 | |||||
LMS | 10,412 | 87,769 | Switzerland - 5.68% | |||||
Mcnex | 5,081 | 132,422 | Credit Suisse Group ADR | 307,066 | 3,165,850 | |||
NHN KCP | 40,834 | 1,685,650 | Novartis | 67,012 | 5,838,157 | |||
Samsung Electronics | 220,436 | 9,758,180 | Novartis ADR | 62,451 | 5,454,470 | |||
Samsung Securities | 25,793 | 570,215 | Roche Holding | 38,156 | 13,219,129 | |||
SK Hynix | 50,763 | 3,624,403 | Zehnder Group | 11,237 | 442,449 | |||
24,990,920 | 28,120,055 | |||||||
Russia - 0.00% | Taiwan - 5.59% | |||||||
Globaltrans Investment GDR | 3,093 | 16,693 | ASE Technology Holding | 1,675,671 | 3,859,082 | |||
16,693 | Asustek Computer | 35,000 | 257,158 | |||||
Singapore - 1.07% | Chia Chang | 131,000 | 160,473 | |||||
DBS Group Holdings | 286,300 | 4,307,908 | China Life Insurance † | 242,000 | 179,789 | |||
IGG | 47,000 | 38,654 | Compal Electronics | 463,000 | 303,057 | |||
Jardine Cycle & Carriage | 30,051 | 438,550 |
4 NQ-OPTIE [6/20] 8/20 (1294466)
(Unaudited) | |||||||||
Number of | Value | Number of | Value | ||||||
shares | (US $) | shares | (US $) | ||||||
Common StockD (continued) | Common StockD (continued) | ||||||||
Taiwan (continued) | United Arab Emirates - 0.04% | ||||||||
Elan Microelectronics | 47,500 | $ | 195,130 | Emaar Properties † | 273,104 | $ | 206,330 | ||
FocalTech Systems † | 58,000 | 63,688 | 206,330 | ||||||
Hon Hai Precision Industry | 2,328,200 | 6,835,957 | United Kingdom - 5.95% | ||||||
Inventec | 58,000 | 49,516 | Aviva | 37,717 | 127,837 | ||||
Lite-On Technology | 594,000 | 935,344 | BAE Systems | 625,798 | 3,741,935 | ||||
Lumax International | 22,000 | 49,430 | Barclays | 3,713,988 | 5,239,688 | ||||
Novatek Microelectronics | 90,000 | 699,455 | Bloomsbury Publishing | 7,733 | 19,164 | ||||
Pegatron | 254,000 | 554,009 | BT Group | 179,000 | 253,151 | ||||
Pou Chen | 175,000 | 171,674 | Diageo | 147,465 | 4,901,346 | ||||
Powertech Technology | 180,000 | 657,053 | Dialog Semiconductor † | 21,808 | 996,814 | ||||
Quanta Computer | 163,000 | 394,369 | Dignity † | 11,611 | 35,568 | ||||
Radiant Opto-Electronics | 405,000 | 1,639,868 | GVC Holdings | 511,215 | 4,685,746 | ||||
Realtek Semiconductor | 64,000 | 652,322 | Indivior † | 377,052 | 387,780 | ||||
Simplo Technology | 27,000 | 294,563 | Legal & General Group | 497,760 | 1,357,016 | ||||
Sitronix Technology | 79,000 | 415,441 | London Stock Exchange | ||||||
Synnex Technology | Group | 20,095 | 2,089,783 | ||||||
International | 735,000 | 1,041,327 | M&G | 567,850 | 1,179,110 | ||||
Taiwan Semiconductor | Mission Group | 18,617 | 14,418 | ||||||
Manufacturing | 525,000 | 5,606,748 | Pan African Resources | 50,490 | 10,950 | ||||
Tripod Technology | 199,000 | 890,332 | RELX | 163,929 | 3,793,989 | ||||
Wistron | 1,381,000 | 1,685,897 | St James’s Place | 23,253 | 273,420 | ||||
Yuanta Financial Holding | 70,000 | 41,659 | Unilever | 6,433 | 347,003 | ||||
27,633,341 | 29,454,718 | ||||||||
Thailand - 0.18% | United States - 3.39% | ||||||||
Krung Thai Bank NVDR | 2,496,700 | 834,548 | Atlassian Class A † | 17,249 | 3,109,477 | ||||
Workpoint Entertainment | |||||||||
NVDR | 142,600 | 51,638 | Carnival * | 303,497 | 4,983,421 | ||||
Core Laboratories * | 136,258 | 2,768,763 | |||||||
886,186 | Everest Re Group | 18,823 | 3,881,303 | ||||||
Turkey - 0.52% | Ferguson | 3,258 | 266,395 | ||||||
Arcelik † | 39,665 | 115,322 | Jasper Infotech =p† | 1,420 | 270,398 | ||||
Dogan Sirketler Grubu | Jasper Infotech Series G =p† | 470 | 89,498 | ||||||
Holding | 1,241,079 | 380,331 | Spotify Technology † | 5,494 | 1,418,496 | ||||
Dogus Otomotiv Servis ve | 16,787,751 | ||||||||
Ticaret | 68,061 | 155,302 | |||||||
Goodyear Lastikleri † | 283,752 | 224,792 | Total Common Stock | ||||||
Haci Omer Sabanci Holding | 178,561 | 240,436 | (cost $484,896,264) | 480,860,959 | |||||
Is Gayrimenkul Yatirim | |||||||||
Ortakligi † | 47,456 | 13,502 | Preferred Stock - 0.07%D | ||||||
Soda Sanayii | 29,169 | 26,045 | Brazil - 0.07% | ||||||
Turkiye Garanti Bankasi † | 837,821 | 1,033,037 | Banco Do Estado do Rio | ||||||
Ulker Biskuvi Sanayi † | 10,437 | 37,048 | Grande do Sul Class B | ||||||
Vestel Elektronik Sanayi ve | 6.55% | 24,470 | 61,016 | ||||||
Ticaret † | 137,627 | 325,850 | Telefonica Brasil 6.07% | 34,400 | 305,976 | ||||
2,551,665 | 366,992 | ||||||||
Ukraine - 0.34% | Total Preferred Stock | ||||||||
Ferrexpo | 781,368 | 1,678,072 | (cost $381,826) | 366,992 | |||||
1,678,072 |
(continues) NQ-OPTIE [6/20] 8/20 (1294466) 5
Schedule of investments
Optimum International Fund (Unaudited)
Number of | Value | Principal | Value | |||||||||
shares | (US $) | amount° | (US $) | |||||||||
Short-Term Investments - 2.09% | Securities Lending Collateral (continued) | |||||||||||
Money Market Mutual Funds - 2.09% | Repurchase Agreements (continued) | |||||||||||
BlackRock FedFund - | Bank of Nova Scotia | |||||||||||
Institutional Shares | 0.07%, dated 6/30/20, to | |||||||||||
(seven-day effective yield | be repurchased on 7/1/20, | |||||||||||
0.10%) | 2,070,591 | $ | 2,070,591 | repurchase price | ||||||||
Fidelity Investments Money | $3,289,922 (collateralized | |||||||||||
Market Government | by US government | |||||||||||
Portfolio - Class I | obligations 0.00%-2.75% | |||||||||||
(seven-day effective yield | 7/7/20-3/31/25; market | |||||||||||
0.06%) | 2,070,590 | 2,070,590 | value $3,355,733) | 3,289,916 | $ | 3,289,916 | ||||||
GS Financial Square | BofA Securities | |||||||||||
Government Fund - | 0.07%, dated 6/30/20, to | |||||||||||
Institutional Shares | be repurchased on 7/1/20, | |||||||||||
(seven-day effective yield | repurchase price | |||||||||||
0.15%) | 2,070,590 | 2,070,590 | $3,289,922 (collateralized | |||||||||
Morgan Stanley Government | by US government | |||||||||||
Portfolio - Institutional | obligations 2.125% | |||||||||||
Share Class (seven-day | 6/30/22; market value | |||||||||||
effective yield 0.03%) | 2,070,590 | 2,070,590 | $3,355,724) | 3,289,916 | 3,289,916 | |||||||
State Street Institutional US | Credit Agricole | |||||||||||
Government Money Market | 0.07%, dated 6/30/20, to | |||||||||||
Fund - Investor Class | be repurchased on 7/1/20, | |||||||||||
(seven-day effective yield | repurchase price | |||||||||||
0.04%) | 2,070,590 | 2,070,590 | $3,289,922 (collateralized | |||||||||
by US government | ||||||||||||
Total Short-Term | obligations 1.50% | |||||||||||
Investments | 10/31/24; market value | |||||||||||
(cost $10,352,951) | 10,352,951 | $3,355,723) | 3,289,916 | 3,289,916 | ||||||||
JP Morgan Securities | ||||||||||||
Total Value of Securities | 0.07%, dated 6/30/20, to | |||||||||||
Before Securities Lending | be repurchased on 7/1/20, | |||||||||||
Collateral - 99.35% | repurchase price $975,269 | |||||||||||
(cost $495,631,041) | 491,580,902 | (collateralized by US | ||||||||||
government obligations | ||||||||||||
Principal | 0.125% 5/31/22; market | |||||||||||
amount° | value $994,775) | 975,267 | 975,267 | |||||||||
Securities Lending Collateral - 2.86% | 14,134,931 | |||||||||||
Repurchase Agreements - 2.86% | Total Securities Lending | |||||||||||
Bank of Montreal | Collateral | |||||||||||
0.07%, dated 6/30/20, to | (cost $14,134,931) | 14,134,931 | ||||||||||
be repurchased on 7/1/20, | ||||||||||||
repurchase price | Total Value of | |||||||||||
$3,289,922 (collateralized | Securities - 102.21% | |||||||||||
by US government | (cost $509,765,972) | 505,715,833 | ■ | |||||||||
obligations 0.00%-2.875% | ||||||||||||
7/15/20-5/31/25; market | ||||||||||||
value $3,355,727) | 3,289,916 | 3,289,916 |
6 NQ-OPTIE [6/20] 8/20 (1294466)
(Unaudited)
Obligation to Return | D Securities have been classified by country of origin. | ||||||||||
Securities Lending | p Restricted security. These investments are in securities not registered | ||||||||||
Collateral - (2.86%) | $ | (14,133,409) | under the Securities Act of 1933, as amended, and have certain | ||||||||
Receivables and Other | restrictions on resale which may limit their liquidity. At | ||||||||||
Assets Net of | June 30, 2020, the aggregate value of restricted securities was | ||||||||||
Liabilities - 0.65% | 3,206,325 | $359,896, which represented 0.07% of the Fund’s net assets. See | |||||||||
Net Assets Applicable to | the table below for additional details on restricted securities. | ||||||||||
42,553,931 Shares | † Non-income producing security. | ||||||||||
Outstanding - 100.00% | $ | 494,788,749 | |||||||||
Restricted Securities | |||||||||||
* | Fully or partially on loan. | ||||||||||
= | The value of this security was determined using significant unobservable | Investment | Date of Acquisition | Cost | Value | ||||||
inputs and is reported as a Level 3 security. | Jasper Infotech | 5/7/14 | $ | 999,482 | $ | 270,398 | |||||
■ Includes $20,857,087 of securities loaned for which the counterparty | Jasper Infotech Series G | 10/29/14 | 396,443 | 89,498 | |||||||
pledged additional non-cash collateral valued at $7,507,429. | Total | $ | 1,395,925 | $ | 359,896 | ||||||
° | Principal amount shown is stated in USD unless noted that the security | ||||||||||
is denominated in another currency. | |||||||||||
The following foreign currency exchange contracts were outstanding at June 30, 2020: |
Foreign Currency Exchange Contracts | ||||||||||||
Currency to | Settlement | Unrealized | Unrealized | |||||||||
Counterparty | Receive (Deliver) | In Exchange For | Date | Appreciation | Depreciation | |||||||
BBH | EUR | (39,385) | USD | 44,208 | 7/1/20 | $ | — | $ | (41) | |||
BBH | EUR | (34,323) | USD | 38,609 | 7/2/20 | 46 | — | |||||
BBH | SGD | (3,756) | USD | 2,693 | 7/1/20 | — | (3) | |||||
BBH | SGD | (6,007) | USD | 4,310 | 7/2/20 | — | — | |||||
BNYM | CNY | (19,134) | USD | 2,702 | 7/2/20 | — | (2) | |||||
BNYM | JPY | (9,576,179) | USD | 88,715 | 7/2/20 | 25 | — | |||||
BNYM | SEK | (136,068) | USD | 14,586 | 7/1/20 | — | (16) | |||||
SSB | JPY | (128,856,357) | USD | 1,196,260 | 7/1/20 | 2,857 | — | |||||
Total Foreign Currency Exchange Contracts | $ | 2,928 | $ | (62) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial
statements. The foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net
unrealized appreciation (depreciation) is reflected in the Fund’s net assets.
Summary of abbreviations: | NVDR - Non-Voting Depositary Receipt |
ADR - American Depositary Receipt | SDR - Special Drawing Right |
BBH - Brown Brothers Harriman & Co. | SEK - Swedish Krona |
BNYM - Bank of New York Mellon | SGD - Singapore Dollar |
CNY - Chinese Yuan Renminbi | SSB - State Street Bank |
EUR - European Monetary Unit | USD - US Dollar |
GDR - Global Depositary Receipt | |
GS - Goldman Sachs | |
JPY - Japanese Yen |
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