Federated Global Allocation Fund
Portfolio of Investments
February 29, 2020 (unaudited)
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—62.7% | |||
Communication Services—4.7% | |||
27,724 | AT&T, Inc. | $976,439 | |
393 | ATN International, Inc. | 21,183 | |
1,002 | 1 | Alphabet, Inc., Class A | 1,341,929 |
1,004 | 1 | Alphabet, Inc., Class C | 1,344,687 |
14,739 | 1 | Altice USA, Inc. | 381,151 |
50,611 | Auto Trader Group PLC | 341,527 | |
360 | 1 | Boingo Wireless, Inc. | 4,561 |
3,851 | 1 | Central European Media Enterprises Ltd., Class A | 17,060 |
317 | 1 | Charter Communications, Inc. | 156,335 |
578 | Cheil Communications, Inc. | 9,313 | |
6,500 | China Mobile Ltd. | 51,658 | |
1,500 | Cyber Agent Ltd. | 56,752 | |
32,050 | Deutsche Telekom AG, Class REG | 524,168 | |
103 | 1 | EverQuote, Inc. | 4,184 |
6,693 | 1 | Facebook, Inc. | 1,288,202 |
223 | 1 | GOGO, Inc. | 805 |
613 | 1 | Gray Television, Inc. | 11,598 |
446,095 | HKT Trust and HKT Ltd. | 668,953 | |
18,300 | Hakuhodo DY Holdings, Inc. | 212,280 | |
5,499 | Hellenic Telecommunication Organization SA | 78,034 | |
2,420 | 1 | IAC Interactive Corp. | 493,535 |
965 | 1 | Imax Corp. | 15,035 |
692 | Info Edge India Ltd. | 25,420 | |
1,372 | 1 | Intelsat SA | 5,296 |
1,900 | Konami Corp. | 68,795 | |
4,285 | 1 | Liberty Media Corp. | 167,372 |
29,421 | 1 | Liberty Media Group | 1,102,993 |
20,337 | 1 | Lions Gate Entertainment Corp. | 161,679 |
679 | 1 | Loral Space & Communications Ltd. | 21,090 |
41 | Marcus Corp. | 1,096 | |
700 | Nintendo Co. Ltd. | 238,849 | |
1,309 | Proximus | 32,651 | |
30 | SK Telecom Co. Ltd. | 5,265 | |
358 | Scholastic Corp. | 11,488 | |
105,300 | Singapore Press Holdings Ltd. | 142,835 | |
30,855 | 1 | Sprint Corp. | 283,557 |
7,100 | 1 | T-Mobile USA, Inc. | 640,136 |
832 | 1 | TechTarget, Inc. | 19,244 |
5,907 | Telenet Group Holding NV | 227,393 | |
211,435 | Telstra Corp. Ltd. | 465,565 | |
29,600 | Tencent Holdings Ltd. | 1,460,032 | |
69,921 | Tim Participacoes S.A. | 252,203 | |
247 | Tribune Publishing Co. | 2,833 | |
3,738 | Verizon Communications, Inc. | 202,450 |
1
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Communication Services—continued | |||
22,259 | Vivendi SA | $572,437 | |
2,609 | 1 | Vonage Holdings Corp. | 23,377 |
784 | 1 | Yelp, Inc. | 24,516 |
9,351 | 1 | Zayo Group Holdings, Inc. | 327,191 |
28,759 | 1 | Zillow Group, Inc. | 1,605,040 |
207,025 | 1 | Zynga, Inc. | 1,389,138 |
TOTAL | 17,479,330 | ||
Consumer Discretionary—7.5% | |||
3,200 | ABC-Mart, Inc. | 184,358 | |
374 | Aaron's, Inc. | 14,709 | |
3,960 | Adidas AG | 1,103,331 | |
38 | 1 | Adtalem Global Education, Inc. | 1,173 |
9,459 | 1 | Alibaba Group Holding Ltd., ADR | 1,967,472 |
940 | 1 | Altus San Nicolas, Corp. | 8 |
1,970 | 1 | Amazon.com, Inc. | 3,710,987 |
263 | 1 | America's Car-Mart, Inc. | 27,028 |
215 | 1 | Asbury Automotive Group, Inc. | 19,058 |
3,698 | Berkeley Group Holdings PLC | 227,437 | |
916 | Bloomin Brands, Inc. | 16,479 | |
228 | Bluegreen Vacations Corp. | 1,769 | |
121 | 1 | Booking Holdings, Inc. | 205,175 |
506 | 1 | Boot Barn Holdings, Inc. | 15,519 |
5,405 | 1 | Bright Horizons Family Solutions, Inc. | 849,396 |
132 | Brinker International, Inc. | 4,534 | |
6,186 | Burberry Group PLC | 135,140 | |
6,071 | Canadian Tire Corp. Ltd. | 596,991 | |
890 | Carriage Services, Inc. | 18,823 | |
9,500 | Casio Computer Co. Ltd. | 162,619 | |
30 | 1 | Cavco Industries, Inc. | 6,052 |
6,089 | Columbia Sportswear Co. | 495,036 | |
26,186 | Compass Group PLC | 574,929 | |
906 | 1 | CROCs, Inc. | 23,710 |
5,058 | D. R. Horton, Inc. | 269,440 | |
710 | Dana, Inc. | 10,210 | |
359 | Dave & Buster's Entertainment, Inc. | 11,851 | |
400 | 1 | Deckers Outdoor Corp. | 69,520 |
2,208 | 1 | Denny's Corp. | 38,441 |
5,300 | Denso Corp. | 205,898 | |
384 | Dine Brands Global, Inc. | 31,430 | |
14,588 | Dollarama, Inc. | 428,864 | |
11,925 | eBay, Inc. | 413,082 | |
200 | Fast Retailing Co. Ltd. | 98,556 | |
3,520 | Faurecia | 161,014 | |
10,700 | Feng Tay Enterprise Co. Ltd. | 58,775 | |
7,178 | Fiat Chrysler Automobiles NV | 89,734 | |
24,578 | Ford Motor Co. | 171,063 | |
30,000 | Formosa Taffeta Co. | 32,845 | |
2,405 | 1 | Frontdoor, Inc. | 101,972 |
205 | 1 | Funko, Inc. | 1,663 |
2
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
18,802 | Gentex Corp. | $502,013 | |
15 | 1 | Gentherm, Inc. | 612 |
8,538 | Gildan Activewear, Inc. | 206,795 | |
164,500 | Great Wall Motor Company Limited | 119,931 | |
263 | Group 1 Automotive, Inc. | 22,415 | |
100,657 | Harvey Norman Holdings Ltd. | 239,480 | |
164 | 1 | Helen of Troy Ltd. | 26,994 |
9,755 | Hennes & Mauritz AB, Class B | 176,466 | |
9,652 | Hilton Worldwide Holdings, Inc. | 938,174 | |
8,736 | Home Depot, Inc. | 1,903,050 | |
21,700 | Honda Motor Co., Ltd. | 554,663 | |
301 | Hyundai Mobis | 52,599 | |
11,700 | Iida Group Holdings Co. Ltd. | 157,738 | |
19,480 | Industria de Diseno Textil SA | 606,289 | |
450 | Jack in the Box, Inc. | 30,987 | |
183 | Johnson Outdoors, Inc., Class A | 11,421 | |
623 | Kering | 357,699 | |
7,100 | Koito Manufacturing Co. Ltd. | 286,129 | |
600 | LCI Industries | 57,930 | |
2,729 | LVMH Moet Hennessy Louis Vuitton SA | 1,125,927 | |
1,164 | La-Z-Boy, Inc. | 33,349 | |
637 | Las Vegas Sands Corp. | 37,143 | |
1,525 | 1 | Laureate Education, Inc. | 28,517 |
5,933 | Lowe's Cos., Inc. | 632,280 | |
189 | M.D.C. Holdings, Inc. | 7,435 | |
7,501 | MGM Resorts International | 184,225 | |
9,886 | Magna International, Inc. | 449,943 | |
553 | Marine Products Corp. | 6,957 | |
243 | Marriott Vacations Worldwide Corp. | 23,518 | |
17,600 | Mazda Motor Corp. | 121,459 | |
200 | McDonald's Holdings Co. (Japan), Ltd. | 8,446 | |
420 | 1 | Meritage Corp. | 26,653 |
1,898 | Michelin, Class B | 203,034 | |
12,800 | Mitsubishi Motors Corp. | 42,297 | |
7,401 | Moncler S.p.A | 289,255 | |
100 | 1 | NVR, Inc. | 366,718 |
1,097 | Naspers Ltd., Class N | 173,510 | |
6,147 | Next PLC | 485,911 | |
13,500 | Nikon Corp. | 138,006 | |
9,400 | Office Depot, Inc. | 22,090 | |
576 | PVH Corp. | 42,687 | |
171 | Page Industries Ltd. | 52,802 | |
55,900 | Panasonic Corp. | 531,450 | |
370 | 1 | Perdoceo Education Corp. | 5,524 |
3,376 | Persimmon PLC | 124,000 | |
40,373 | Petrobras Distribuidora SA | 235,635 | |
18,558 | Peugeot SA | 361,863 | |
93,000 | Pou Chen Corp. | 102,421 | |
189 | 1 | RH | 34,285 |
3
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
926 | Rent-A-Center, Inc. | $19,715 | |
700 | Rinnai Corp. | 47,336 | |
2,249 | 1 | Rubicon Project, Inc./The | 25,526 |
776 | 1 | SeaWorld Entertainment, Inc. | 21,115 |
4,100 | Sega Sammy Holdings, Inc. | 54,418 | |
12,500 | Sekisui House Ltd. | 244,702 | |
3,600 | Shimamura Co. Ltd. | 238,450 | |
165 | Shoe Carnival, Inc. | 4,935 | |
8,169 | Sodexo SA | 792,636 | |
104 | Sonic Automotive, Inc. | 2,912 | |
406 | Standard Motor Products, Inc. | 17,864 | |
5,900 | Subaru Corp. | 142,592 | |
4,200 | Suzuki Motor Corp. | 171,188 | |
378 | 1 | Taylor Morrison Home Corp. | 8,513 |
110 | 1 | Tesla, Inc. | 73,479 |
16,141 | Titan Industries Ltd. | 284,206 | |
605 | Toll Brothers, Inc. | 22,403 | |
135 | 1 | TopBuild Corp. | 13,635 |
13,900 | Toyoda Gosei Co. Ltd. | 295,226 | |
1,039 | Twin River Worldwide Holdings, Inc. | 27,014 | |
1,539 | V.F. Corp. | 110,808 | |
345 | 1 | Vera Bradley, Inc. | 2,850 |
13,688 | 1 | Vipshop Holdings Ltd., ADR | 175,617 |
294 | Volkswagen AG | 49,374 | |
156 | 1 | WW International, Inc. | 4,680 |
450 | Wyndham Destinations, Inc. | 17,955 | |
2,972 | Wyndham Hotels & Resorts, Inc. | 151,423 | |
28,900 | Yamada Denki Co. Ltd. | 138,626 | |
14,600 | Yamaha Motor Co. | 232,176 | |
5,900 | Yokohama Rubber Co. Ltd./The | 95,433 | |
14,500 | Zhongsheng Group Holdings | 55,726 | |
208 | 1 | Zumiez, Inc. | 5,518 |
TOTAL | 28,252,867 | ||
Consumer Staples—5.0% | |||
6,000 | AEON Co. Ltd. | 111,583 | |
4,249 | Alimentation Couche-Tard, Inc., Class B | 129,029 | |
11,316 | Altria Group, Inc. | 456,827 | |
2,735 | Archer-Daniels-Midland Co. | 102,973 | |
23,259 | BIM Birlesik Magazalar AS | 179,711 | |
281 | 1 | BJ's Wholesale Club Holdings, Inc. | 5,412 |
879 | 1 | Beyond Meat, Inc. | 78,802 |
296 | Bid Corp. Ltd. | 5,380 | |
2,882 | British American Tobacco PLC | 114,530 | |
828 | Brown-Forman Corp., Class B | 50,847 | |
3,295 | Bunge Ltd. | 154,700 | |
392 | Calavo Growers, Inc. | 28,400 | |
1,500 | Calbee, Inc. | 38,529 | |
436 | Carlsberg A/S, Class B | 57,810 | |
52,000 | China Agri-Industries Holdings Ltd. | 28,204 |
4
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
17,000 | China Mengniu Dairy Co. Ltd. | $60,654 | |
10,201 | Clicks Group, Ltd. | 157,443 | |
137 | Clorox Co. | 21,840 | |
27,762 | Coca-Cola Amatil Ltd. | 204,889 | |
66 | Coca-Cola Bottling Co. | 12,961 | |
56,511 | Davide Campari - Milano SpA | 470,874 | |
24,771 | Diageo PLC | 877,269 | |
713 | 1 | Edgewell Personal Care Co. | 21,647 |
2,720 | Empire Co. Ltd., Class A | 60,773 | |
1,514 | Essity Aktiebolag | 45,402 | |
1,058 | Estee Lauder Cos., Inc., Class A | 194,249 | |
13,500 | Fraser & Neave Holdings Bhd | 98,394 | |
7,693 | George Weston Ltd. | 579,160 | |
23,140 | Godrej Consumer Products Ltd. | 181,460 | |
2,800 | Growell Holdings Co., Ltd. | 170,173 | |
14,057 | 1 | Herbalife Ltd. | 454,884 |
4,867 | Hindustan Lever Ltd. | 147,161 | |
14,100 | Imperial Brands PLC | 285,446 | |
58,600 | Indofood CBP Sukses Makmur TBK PT | 41,965 | |
44,426 | JBS S.A. | 225,513 | |
1,922 | Kimberly-Clark Corp. | 252,147 | |
5,740 | Kimberly-Clark de Mexico | 10,927 | |
109 | Korea Tobacco & Ginseng Corp. | 7,567 | |
14,844 | Kraft Heinz Co./The | 367,686 | |
5,276 | L'Oreal SA | 1,418,957 | |
12,100 | Lion Corp. | 202,095 | |
16,316 | Loblaw Cos. Ltd. | 808,355 | |
47,712 | Marico Ltd. | 197,444 | |
7,739 | Metro, Inc., Class A | 301,430 | |
15,079 | 1 | Monster Beverage Corp. | 941,080 |
1,319 | Nestle India Ltd. | 289,761 | |
8,155 | Nestle S.A. | 844,915 | |
2,166 | Orkla ASA | 18,199 | |
53,900 | PT Gudang Garam Tbk | 190,953 | |
51,100 | PT Indofood Sukses Makmur | 23,153 | |
1,018 | 1 | Performance Food Group Co. | 43,163 |
3,600 | Perlis Plantations Bhd | 15,424 | |
681 | Philip Morris International, Inc. | 55,753 | |
31,630 | Pick'n Pay Stores Ltd. | 115,138 | |
40,326 | 1 | Pilgrim's Pride Corp. | 853,298 |
7,759 | Procter & Gamble Co. | 878,552 | |
179 | Sanfilippo (John B. & Sons), Inc. | 12,564 | |
1,600 | Seven & I Holdings Co. Ltd. | 54,636 | |
5,200 | Sundrug Co. Ltd. | 162,084 | |
1,300 | Suntory Beverage and Food Ltd. | 49,413 | |
7,455 | Sysco Corp. | 496,876 | |
10,000 | Tingyi (Cayman Isln) Hldg Co. | 18,181 | |
1,700 | Toyo Suisan Kaisha Ltd. | 68,106 | |
600 | Tsuruha Holdings, Inc. | 69,500 |
5
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
9,972 | Tyson Foods, Inc., Class A | $676,401 | |
4,685 | 1 | US Foods Holding Corp. | 157,603 |
142 | 1 | USANA Health Sciences, Inc. | 9,386 |
16,764 | Unilever PLC | 898,840 | |
243 | Universal Corp. | 11,992 | |
5,130 | Vector Group Ltd. | 59,611 | |
63 | WD 40 Co. | 10,867 | |
117,886 | Wal-Mart de Mexico SAB de C.V. | 331,863 | |
6,998 | WalMart, Inc. | 753,545 | |
24,266 | Woolworth's Ltd. | 604,402 | |
2,100 | Yakult Honsha Co. Ltd. | 95,791 | |
29,000 | Yamazaki Baking Co. Ltd. | 492,084 | |
TOTAL | 18,724,636 | ||
Energy—1.9% | |||
211 | Arch Coal, Inc. | 10,624 | |
583,400 | Banpu Public Co. Ltd. | 131,367 | |
1,229 | CVR Energy, Inc. | 34,928 | |
666 | Cactus, Inc. | 18,188 | |
9,346 | Chevron Corp. | 872,356 | |
64,000 | China Oilfield Services Ltd. | 82,623 | |
22,227 | Coal India Ltd. | 51,685 | |
5,822 | ConocoPhillips | 281,901 | |
187 | DMC Global, Inc. | 6,743 | |
596 | 1 | Dril-Quip, Inc. | 21,229 |
984 | Equinor ASA | 15,130 | |
1,904 | Exxaro Resources Ltd. | 14,004 | |
4,388 | Exxon Mobil Corp. | 225,719 | |
1,970 | 1 | Frank's International N.V. | 7,722 |
27,079 | Imperial Oil Ltd. | 592,924 | |
161 | Liberty Oilfield Services, Inc. | 1,077 | |
6,379 | Marathon Petroleum Corp. | 302,492 | |
733 | 1 | Matrix Services Co. | 8,855 |
9,684 | National Oilwell Varco, Inc. | 181,188 | |
8,726 | Neste Oyj | 344,622 | |
2,556 | 1 | Nextier Oilfield Solutions, Inc. | 11,911 |
499 | Nordic American Tankers Ltd. | 1,607 | |
906 | OMV AG | 38,328 | |
5,154 | PBF Energy, Inc. | 115,398 | |
14,500 | PTT Exploration and Production Public Co. | 49,102 | |
190,800 | PTT Public Co. Ltd. | 235,951 | |
14,224 | 1 | Petroleo Brasileiro SA | 86,357 |
68,644 | Petronet LNG Ltd. | 235,919 | |
13,868 | Phillips 66 | 1,038,158 | |
4,370 | Reliance Industries Ltd. | 80,931 | |
43 | 1 | Seacor Holdings, Inc. | 1,604 |
30,552 | Tatneft | 307,868 | |
19,734 | Total S.A. | 845,592 | |
399 | Tupras Turkiye Petrol Rafinerileri A.S. | 6,527 | |
9,899 | Valero Energy Corp. | 655,809 |
6
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Energy—continued | |||
373 | 1 | W&T Offshore, Inc. | $970 |
1,689 | World Fuel Services Corp. | 47,765 | |
56,000 | Yanzhou Coal Mining Co. Ltd., Class H | 42,750 | |
TOTAL | 7,007,924 | ||
Financials—10.7% | |||
128 | 1st Source Corp. | 5,382 | |
38,400 | 3i Group PLC | 500,614 | |
11,603 | AXA SA | 270,101 | |
13,320 | Admiral Group PLC | 363,780 | |
14,202 | Aflac, Inc. | 608,556 | |
7,542 | Ageas | 352,514 | |
796,000 | Agricultural Bank of China | 320,609 | |
7,016 | Allianz SE | 1,515,595 | |
8,398 | Ally Financial, Inc. | 210,538 | |
658 | Amalgamated Bank | 10,535 | |
1,770 | American Equity Investment Life Holding Co. | 44,746 | |
3,382 | American Express Co. | 371,783 | |
3,704 | Ameriprise Financial, Inc. | 523,375 | |
448 | Ares Commercial Real Estate Corp. | 6,836 | |
2,043 | Artisan Partners Asset Management, Inc. | 58,389 | |
752 | 1 | AssetMark Financial Holdings, Inc. | 19,920 |
6,109 | Assicurazioni Generali SpA | 109,941 | |
24,589 | Australia & New Zealand Banking Group, Melbourne | 392,731 | |
673 | B. Riley Financial, Inc. | 15,923 | |
33,075 | BB Seguridade Participacoes SA | 235,568 | |
28,296 | BS Financial Group, Inc. | 143,671 | |
34,949 | B3 SA - Brasil Bolsa Balcao | 375,132 | |
277 | Bajaj Finance Ltd. | 17,278 | |
96 | BancFirst Corp. | 4,925 | |
6,210 | 1 | Banco BTG Pactual SA | 93,819 |
286,938 | Banco de Chile | 25,277 | |
96,260 | Banco de Oro | 261,569 | |
388,739 | Banco Santander Chile SA | 17,343 | |
1,091 | 1 | Bancorp, Inc., DE | 13,277 |
683 | BancorpSouth Bank | 16,713 | |
9,870 | 1 | Bank Hapoalim BM | 76,985 |
46,704 | Bank Leumi Le-Israel | 302,885 | |
66,626 | Bank of America Corp. | 1,898,841 | |
194,000 | Bank of Communications Ltd. | 125,300 | |
423 | Bank of Marin Bancorp | 16,129 | |
896 | Bank Zachodni WBK S.A. | 57,930 | |
1,229 | 1 | Berkshire Hathaway, Inc., Class B | 253,592 |
542 | 1 | Blucora, Inc. | 9,431 |
870 | 1 | Brighthouse Financial, Inc. | 31,181 |
1,603 | Brightsphere Investment Group, Inc. | 14,988 | |
870 | CBTX, Inc. | 21,706 | |
14,663 | CI Financial Corp. | 243,500 | |
152 | CNA Financial Corp. | 6,320 | |
18,614 | CNP Assurances | 293,028 |
7
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
190 | 1 | Cannae Holdings, Inc. | $7,085 |
6,670 | Capital One Financial Corp. | 588,694 | |
222 | Carolina Financial Corp. | 7,193 | |
1,115 | Cathay Bancorp, Inc. | 34,320 | |
9,786 | Challenger Financial Sevices Group Ltd. | 56,682 | |
209,180 | Chang Hwa Bank | 158,435 | |
14,973 | Charles Schwab Corp. | 610,150 | |
508,000 | China CITIC Bank Corp. Ltd. | 265,882 | |
312,000 | China Construction Bank Corp. | 254,168 | |
74,000 | China Everbright Bank Co. Ltd. | 29,858 | |
257,500 | China Galaxy Securities Co. | 143,559 | |
436,000 | China Huarong Asset Management Co. Ltd. | 59,887 | |
99,200 | China Insurance International Holdings Co. Ltd. | 204,809 | |
132,000 | China Life Insurance Co. Ltd. | 312,089 | |
76,500 | China Merchants Bank Co. Ltd. | 354,017 | |
167,500 | China Minsheng Banking Corp. Ltd. | 113,766 | |
39,000 | China Pacific Insurance Group Co. Ltd. | 129,569 | |
362 | City Holding Co. | 25,311 | |
36,000 | Concordia Financial Group Ltd. | 123,239 | |
1,532 | ConnectOne Bancorp, Inc. | 32,187 | |
9,667,719 | Corpbanca | 35,472 | |
7,300 | DBS Group Holdings Ltd. | 127,476 | |
15,169 | DNB Bank ASA | 253,750 | |
3,917 | Deutsche Boerse AG | 616,979 | |
2,478 | Discover Financial Services | 162,507 | |
197 | Dongbu Insurance Co. Ltd. | 7,082 | |
13,100 | E*Trade Financial Corp. | 599,718 | |
337,698 | E.Sun Financial Holding Co. Ltd. | 318,921 | |
656 | Eagle Bancorp, Inc. | 24,548 | |
11,614 | East West Bancorp, Inc. | 449,926 | |
633 | Employers Holdings, Inc. | 24,396 | |
2,510 | 1 | Enova International, Inc. | 48,242 |
1,756 | Erste Group Bank AG | 60,570 | |
899 | Essent Group Ltd. | 39,232 | |
8,386 | Exor NV | 599,241 | |
106,000 | Far East Horizon | 93,107 | |
188 | Federal Agricultural Mortgage Association, Class C | 14,111 | |
3,329 | First BanCorp | 26,432 | |
503 | First Bancorp, Inc. | 16,146 | |
109 | First Commmonwealth Financial Corp. | 1,286 | |
946 | First Defiance Financial Corp. | 22,624 | |
1,158 | First Financial Bankshares, Inc. | 33,281 | |
46,096 | FirstRand Ltd. | 163,752 | |
10,849 | Gjensidige Forsikring ASA | 221,141 | |
155 | Great Southern Bancorp, Inc. | 7,953 | |
1,049 | Great-West Lifeco, Inc. | 24,673 | |
49,358 | Grupo Financiero Banorte S.A. de C.V. | 269,873 | |
307 | HDFC Asset Management Co. Ltd. | 13,522 | |
2,833 | HDFC Life Insurance Co. Ltd. | 21,489 |
8
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
1,874 | Hannover Rueckversicherung SE | $333,870 | |
16,817 | Hargreaves Lansdown PLC | 336,811 | |
63,600 | Hong Leong Bank Berhad | 231,308 | |
2,200 | Hong Leong Credit Berhad | 7,985 | |
457 | Houlihan Lokey, Inc. | 23,408 | |
2,380 | Housing Development Finance Corp. Ltd. | 72,425 | |
123,000 | Hua Nan Financial Holdings Co. Ltd. | 86,303 | |
6,499 | Hyundai Marine & Fire Insurance Co. | 120,491 | |
14,814 | ICICI Lombard General Insurance Co. Ltd. | 256,844 | |
5,512 | IGM Financial, Inc. | 146,973 | |
28,451 | IRB Brasil Resserguros S/A | 211,542 | |
5,502 | iA Financial Corp, Inc. | 261,891 | |
497 | Iberiabank Corp. | 29,914 | |
66,000 | Industrial & Commercial Bank of China | 45,479 | |
24,284 | Industrial Bank of Korea | 191,567 | |
721 | International Bancshares Corp. | 24,586 | |
2,558 | Invesco Mortgage Capital, Inc. | 41,133 | |
4,651 | Investors Bancorp, Inc. | 49,022 | |
4,374 | Israel Discount Bank | 18,240 | |
9,420 | JPMorgan Chase & Co. | 1,093,756 | |
45 | James River Group Holdings Ltd. | 1,818 | |
3,595 | KB Financial Group, Inc. | 115,461 | |
938 | KBC Groupe | 62,469 | |
40 | Komercni Banka A.S. | 1,228 | |
71,204 | Korea Life Insurance Co., Ltd. | 98,205 | |
18,081 | L E Lundbergforetagen AB | 753,223 | |
9,387 | LG Investment & Securities Co. Ltd. | 77,904 | |
2,481 | LPL Investment Holdings, Inc. | 197,190 | |
1,023 | Ladder Capital Corp. | 15,601 | |
80,954 | Legal & General Group PLC | 273,025 | |
4,025 | London Stock Exchange Group PLC | 393,705 | |
620 | Luther Burbank Corp. | 6,467 | |
1,683 | 1 | MBIA Insurance Corp. | 13,127 |
91,021 | Medibank Private Ltd. | 165,210 | |
24,237 | MetLife, Inc. | 1,035,405 | |
3,822 | Mizrahi Tefahot Bank Ltd. | 97,870 | |
288,400 | Mizuho Financial Group, Inc. | 393,251 | |
29,801 | Morgan Stanley | 1,341,939 | |
4,700 | Muenchener Rueckversicherungs-Gesellschaft AG | 1,198,467 | |
832 | 1 | NMI Holdings, Inc. | 19,419 |
34,671 | NN Group NV | 1,186,974 | |
969 | National General Holdings Corp. | 18,866 | |
67 | National Western Life Insurance Co., Class A | 16,008 | |
11,700 | New China Life Insurance Co. Ltd. | 44,972 | |
2,355 | OTP Bank RT | 102,591 | |
5,374 | Onex Corp. | 301,721 | |
2,600 | Oversea-Chinese Banking Corp. Ltd. | 19,960 | |
96,000 | PICC Property and Casualty Co., Ltd., Class H | 100,264 | |
5,427 | PNC Financial Services Group | 685,973 |
9
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
166,000 | PT Bank Central Asia | $362,241 | |
64,400 | PT Bank Rakyat Indonesia Tbk | 18,802 | |
681,000 | People's Insurance, Co. (Group) of China Ltd. | 242,916 | |
385 | People's Utah Bancorp | 9,228 | |
47,000 | Ping An Insurance (Group) Co. of China Ltd. | 526,117 | |
447,000 | Postal Savings Bank of China Co. Ltd. | 283,639 | |
23,048 | Power Corp. of Canada | 509,469 | |
21,638 | Powszechna Kasa Oszczednosci Bank Polski SA | 173,272 | |
298 | Preferred Bank Los Angeles, CA | 15,237 | |
107 | 1 | ProSight Global, Inc. | 1,434 |
1,133 | Provident Financial Services, Inc. | 22,637 | |
302 | RBB Bancorp | 5,095 | |
15,800 | RHB Capital Berhad | 20,838 | |
51,971 | RMB Holdings Ltd. | 236,014 | |
2,601 | Radian Group, Inc. | 55,245 | |
3,618 | Raymond James Financial, Inc. | 302,573 | |
188 | Republic Bancorp, Inc. | 6,719 | |
303 | Samsung Fire & Marine Insurance | 49,354 | |
3,310 | Samsung Life Insurance Co., Ltd. | 159,314 | |
10,951 | Scor SA | 394,087 | |
838 | Selective Insurance Group, Inc. | 46,744 | |
847,528 | Shin Kong Financial Holdings Co. Ltd. | 252,297 | |
11,730 | Shinhan Financial Group Co. Ltd. | 313,318 | |
1,795 | Simmons 1st National Corp., Class A | 38,377 | |
6,300 | Singapore Exchange Ltd. | 38,737 | |
26,220 | Standard Bank Group Ltd. | 251,720 | |
1,457 | Sterling Bancorp, Inc./MI | 10,199 | |
159 | Stifel Financial Corp. | 8,656 | |
17,971 | Swedbank AB | 274,265 | |
924 | Swiss Life Holding AG | 424,643 | |
6,986 | Swiss Re AG | 667,086 | |
8,750 | Synchrony Financial | 254,625 | |
3,962 | TRYG A/S | 110,471 | |
639,100 | Taiwan Business Bank | 250,187 | |
425,401 | Taiwan Cooperative Financial Holding Co. Ltd. | 290,757 | |
1,375 | The Bank of NT Butterfield & Son Ltd. | 38,060 | |
724 | The First of Long Island Corp. | 14,994 | |
8,562 | The Travelers Cos., Inc. | 1,025,813 | |
813 | United Community Banks, Inc. | 20,138 | |
29,500 | United Overseas Bank Ltd. | 523,375 | |
1,157 | Univest Corp. | 27,074 | |
30,628 | Wells Fargo & Co. | 1,251,154 | |
962 | Wendel SA | 117,922 | |
1,370 | Wesbanco, Inc. | 41,936 | |
263 | Zurich Insurance Group AG | 102,351 | |
TOTAL | 40,177,597 | ||
Health Care—6.5% | |||
9,856 | 1 | Achillion Pharmaceuticals, Inc. | 4,534 |
13,946 | 1 | Adaptive Biotechnologies Corp. | 391,883 |
10
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
115 | 1 | Addus Homecare Corp. | $8,771 |
16,000 | Alfresa Holdings Corp. | 286,276 | |
463 | 1 | Amedisys, Inc. | 80,567 |
8,038 | AmerisourceBergen Corp. | 677,764 | |
11,436 | 1 | Amneal Pharmaceuticals, Inc. | 44,029 |
211 | 1 | Amphastar Pharmaceuticals, Inc. | 3,247 |
1,932 | Anthem, Inc. | 496,698 | |
1,566 | 1 | Antigenics, Inc. | 3,962 |
6,214 | 1 | Arcus Biosciences, Inc. | 94,577 |
2,823 | AstraZeneca PLC | 247,112 | |
11,410 | Baxter International, Inc. | 952,393 | |
4,114 | 1 | BeyondSpring, Inc. | 65,330 |
4,058 | 1 | Bio-Rad Laboratories, Inc., Class A | 1,428,497 |
1,724 | 1 | BioDelivery Sciences International, Inc. | 8,379 |
160 | 1 | BioTelemetry, Inc. | 6,835 |
12,661 | Bristol-Myers Squibb Co. | 747,759 | |
40 | CONMED Corp. | 3,786 | |
3,996 | Cardinal Health, Inc. | 208,272 | |
282 | 1 | Cardiovascular Systems, Inc. | 10,609 |
5,059 | 1 | Catalyst Pharmaceutical Partners, Inc. | 21,298 |
407 | 1 | Celltrion, Inc. | 56,878 |
1,615 | 1 | ChemoCentryx, Inc. | 72,271 |
831 | 1 | Clovis Oncology, Inc. | 6,257 |
2,130 | Coloplast A.S., Class B | 287,713 | |
516 | 1 | Constellation Pharmaceuticals, Inc. | 18,235 |
707 | 1 | Corvel Corp. | 48,741 |
74 | 1 | Cutera, Inc. | 1,834 |
4,291 | Divi's Laboratories Ltd. | 125,825 | |
4,300 | Eisai Co. Ltd. | 315,986 | |
366 | Ensign Group, Inc. | 16,287 | |
22,092 | 1 | Exelixis, Inc. | 410,690 |
2,501 | Fresenius Medical Care AG & Co. KGaA | 192,579 | |
49,441 | GlaxoSmithKline PLC | 996,309 | |
410 | 1 | Globus Medical, Inc. | 18,544 |
4,079 | HCA Healthcare, Inc. | 518,074 | |
358 | 1 | HMS Holdings Corp. | 8,223 |
630 | 1 | Haemonetics Corp. | 68,248 |
1,309 | 1 | Halozyme Therapeutics, Inc. | 25,617 |
2,500 | Hisamitsu Pharmaceutical Co., Inc. | 111,341 | |
3,275 | Humana, Inc. | 1,046,952 | |
13,293 | 1 | Immunogen, Inc. | 59,154 |
16,301 | 1 | Incyte Genomics, Inc. | 1,229,258 |
92 | 1 | Inogen, Inc. | 4,212 |
222 | 1 | Integer Holdings Corp. | 20,018 |
8,418 | 1 | Ionis Pharmaceuticals, Inc. | 427,466 |
668 | Johnson & Johnson | 89,833 | |
2,330 | Koninklijke Philips NV | 100,155 | |
469 | 1 | LHC Group, Inc. | 56,965 |
252 | 1 | Livongo Health, Inc. | 6,303 |
11
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
442 | 1 | MacroGenics, Inc. | $3,876 |
544 | 1 | Magellan Health, Inc. | 32,645 |
4,355 | 1 | Magenta Therapeutics, Inc. | 51,215 |
8,031 | McKesson Corp. | 1,123,216 | |
23,600 | Medipal Holdings Corp. | 429,759 | |
497 | 1 | Medpace Holdings, Inc. | 44,700 |
2,103 | Merck & Co., Inc. | 161,006 | |
524 | 1 | Merit Medical Systems, Inc. | 18,869 |
1,166 | 1 | Moderna, Inc. | 30,234 |
3,606 | 1 | NGM Biopharmaceuticals, Inc. | 65,052 |
169 | 1 | Natus Medical, Inc. | 4,543 |
8,182 | 1 | Neurocrine Biosciences, Inc. | 774,835 |
317 | 1 | NextGen Healthcare, Inc. | 4,146 |
19,518 | Novartis AG | 1,638,521 | |
10,641 | Novo Nordisk A/S | 632,432 | |
412 | 1 | Omnicell, Inc. | 33,566 |
43,975 | 1 | Opko Health, Inc. | 65,963 |
96 | 1 | OraSure Technologies, Inc. | 579 |
6,043 | 1 | Organogenesis Holdings, Inc. | 23,689 |
2,472 | Orion Oyj | 98,308 | |
159 | 1 | Orthofix Medical, Inc. | 5,619 |
3,446 | 1 | Osmotica Pharmaceuticals PLC | 20,090 |
343 | 1 | PetIQ, Inc. | 10,667 |
2,905 | Pfizer, Inc. | 97,085 | |
242 | 1 | Precigen, Inc. | 917 |
4,814 | 1 | Precision Biosciences, Inc. | 38,560 |
1,738 | 1 | Progenics Pharmaceuticals, Inc. | 8,203 |
160 | 1 | Progyny, Inc. | 4,405 |
320 | 1 | Providence Service Corp. | 19,770 |
532 | 1 | R1 RCM, Inc. | 6,533 |
1,477 | Recordati SPA | 63,479 | |
3,127 | 1 | Regeneron Pharmaceuticals, Inc. | 1,390,170 |
1,449 | 1 | Retrophin, Inc. | 22,452 |
883 | Roche Holding AG | 287,809 | |
2,803 | Sanofi | 259,232 | |
3,400 | Shionogi and Co. | 183,518 | |
6,896 | 1 | Siga Technologies, Inc. | 34,446 |
288 | Simulations Plus, Inc. | 9,377 | |
26,400 | Sinopharm Group Co. Ltd. | 82,585 | |
111 | 1 | Staar Surgical Co. | 3,483 |
100 | Straumann Holding AG | 93,937 | |
314 | 1 | SurModics, Inc. | 10,962 |
6,300 | Suzuken Co. Ltd. | 207,736 | |
238 | 1 | Tactile Systems Technology, Inc. | 11,998 |
283 | 1 | Tandem Diabetes Care, Inc. | 21,129 |
135 | 1 | Tivity Health, Inc. | 1,710 |
911 | 1 | Translate Bio, Inc. | 6,905 |
492 | 1 | Triple-S Management Corp., Class B | 7,375 |
362 | UCB SA | 33,555 |
12
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
8,029 | UnitedHealth Group, Inc. | $2,047,074 | |
4,668 | 1 | Vanda Pharmaceuticals, Inc. | 51,488 |
7,642 | 1 | Vertex Pharmaceuticals, Inc. | 1,712,037 |
384 | 1 | Xencor, Inc. | 12,476 |
TOTAL | 24,136,482 | ||
Industrials—7.5% | |||
98,163 | ADT, Inc. | 627,262 | |
666 | AZZ, Inc. | 24,569 | |
12,367 | Adecco Group AG | 668,326 | |
130,200 | Airports of Thailand Public Co. Ltd. | 246,219 | |
199 | Albany International Corp., Class A | 12,750 | |
55,170 | Alfa, S.A. de C.V., Class A | 35,513 | |
15 | Allegiant Travel Co. | 2,033 | |
11,456 | Allison Transmission Holdings, Inc. | 465,114 | |
24,900 | Amada Holdings Co. Ltd. | 231,030 | |
62 | 1 | American Woodmark Corp. | 5,194 |
6,192 | Ametek, Inc. | 532,512 | |
667 | Andritz AG | 23,676 | |
155 | Apogee Enterprises, Inc. | 4,679 | |
676 | Applied Industrial Technologies, Inc. | 39,877 | |
386 | ArcBest Corp. | 7,647 | |
14,556 | Ashtead Group PLC | 455,623 | |
1,143 | 1 | Atkore International Group, Inc. | 42,188 |
104,115 | Aurizon Holdings Ltd. | 322,945 | |
294 | 1 | Avis Budget Group, Inc. | 9,518 |
264 | 1 | BMC Stock Holdings, Inc. | 6,476 |
21,000 | BOC Aviation Ltd. | 182,774 | |
121,100 | BTS Group Holdings PCL | 41,861 | |
97 | Barrett Business Services, Inc. | 5,810 | |
235 | 1 | Blue Bird Corp. | 4,202 |
967 | 1 | Builders Firstsource, Inc. | 21,961 |
1,082 | 1 | CBIZ, Inc. | 28,175 |
899 | CIMIC Group Ltd. | 14,085 | |
954 | 1 | CIRCOR International, Inc. | 34,325 |
554 | CSW Industrials, Inc. | 36,475 | |
7,895 | CSX Corp. | 556,203 | |
241 | Cheil Jedang Corp. | 16,162 | |
254,500 | 1 | China COSCO Holdings Co. Ltd., Class H | 85,848 |
24,000 | China Lesso Group Holdings Ltd. | 36,299 | |
245,500 | China Railway Construction Corp. Ltd. | 283,743 | |
357,000 | China Railway Group Ltd. | 203,467 | |
213 | 1 | Cimpress PLC | 24,795 |
232,000 | Citic Pacific Ltd. | 259,726 | |
527 | Comfort Systems USA, Inc. | 22,250 | |
1,299 | Curtiss Wright Corp. | 155,802 | |
2,842 | DSV Panalpina A/S | 286,994 | |
281 | 1 | DXP Enterprises, Inc. | 7,978 |
15,500 | Dai Nippon Printing Co. Ltd. | 377,534 | |
1,600 | Daifuku Co. | 94,588 |
13
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
92 | Dassault Aviation SA | $95,864 | |
12,589 | Delta Air Lines, Inc. | 580,731 | |
441 | Deluxe Corp. | 14,685 | |
510 | Dover Corp. | 52,397 | |
843 | Eiffage SA | 90,121 | |
9,215 | 1 | Embraer - Empresa Brasileira de Aeronautica S/A | 34,949 |
466 | Emcor Group, Inc. | 35,845 | |
169 | Encore Wire Corp. | 8,276 | |
13,753 | Experian PLC | 460,269 | |
345 | Exponent, Inc. | 25,409 | |
247 | 1 | FTI Consulting, Inc. | 27,810 |
72,000 | Far Eastern New Century Corp. | 66,042 | |
389 | Federal Signal Corp. | 11,281 | |
6,868 | Ferguson PLC | 599,909 | |
1,048 | 1 | Foundation Building Materials, Inc. | 16,349 |
57 | 1 | Franklin Covey Co. | 1,793 |
275 | 1 | GMS, Inc. | 6,284 |
11,030 | Genivar Income Fund | 727,006 | |
2,276 | 1 | Great Lakes Dredge & Dock Corp. | 22,077 |
13,983 | Grupo Aeroportuario del Pacifico SA, Class B | 151,317 | |
6,657 | Han Wha | 112,201 | |
758 | Hawaiian Holdings, Inc. | 15,827 | |
560 | Heidrick & Struggles International, Inc. | 12,488 | |
10,969 | Honeywell International, Inc. | 1,778,843 | |
1,700 | Hoshizaki Electric Co., Ltd. | 145,325 | |
683 | Hubbell, Inc. | 91,003 | |
4,877 | 1 | IAA Spinco, Inc. | 208,345 |
7,570 | Ingersoll-Rand PLC | 976,833 | |
589 | Insperity, Inc. | 39,622 | |
597 | Insteel Industries, Inc. | 11,874 | |
10,092 | InterGlobe Aviation Ltd. | 182,252 | |
2,520 | International Container Terminal Services, Inc. | 5,206 | |
7,270 | Intertek Group PLC | 496,297 | |
12,800 | JGC Holdings Corp. | 156,252 | |
19,200 | JTEKT Corp. | 185,921 | |
581 | KForce Com, Inc. | 17,697 | |
22,500 | Kajima Corp. | 241,309 | |
510 | Koc Holding A.S. | 1,441 | |
32 | Kone Corp. OYJ, Class B | 1,806 | |
1,230 | LG Corp. | 68,843 | |
1,282 | L3Harris Technologies, Inc. | 253,490 | |
17,843 | Latam Airlines Group SA | 119,026 | |
208 | 1 | Lawson Products, Inc. | 8,320 |
1,742 | Lotte Corp. | 41,995 | |
7,600 | MISC Bhd | 13,680 | |
285 | MOOG, Inc., Class A | 21,979 | |
1,668 | 1 | MRC Global, Inc. | 14,512 |
2,970 | MTU Aero Engines GmbH | 725,821 | |
504 | 1 | MYR Group, Inc. | 12,857 |
14
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
2,337 | Manpower, Inc. | $177,472 | |
87,000 | Marubeni Corp. | 575,192 | |
299 | 1 | Masonite International Corp. | 21,977 |
312 | 1 | Mastec, Inc. | 15,313 |
2,115 | 1 | Meritor, Inc. | 47,989 |
342 | Miller Herman, Inc. | 11,710 | |
5,000 | Misumi Corp. | 104,818 | |
66,500 | Mitsubishi Electric Corp. | 839,201 | |
1,023 | Mueller Industries, Inc. | 28,624 | |
211,000 | NWS Holdings Ltd. | 260,529 | |
1,700 | Nippon Express Co. Ltd. | 81,080 | |
16,200 | Obayashi Corp. | 162,691 | |
79 | Park-Ohio Holdings Corp. | 1,937 | |
4,089 | Parker-Hannifin Corp. | 755,525 | |
110 | Patrick Industries, Inc. | 5,811 | |
7,900 | Persol Holdings Co. Ltd. | 104,245 | |
489 | Primoris Services Corp. | 9,281 | |
1,900 | Quanex Building Products Corp. | 31,920 | |
93 | Randstand NV | 4,826 | |
14,344 | Relx PLC | 346,875 | |
184 | Resources Connection, Inc. | 2,306 | |
1,591 | Rexnord Corp. | 46,394 | |
4,008 | Roper Technologies, Inc. | 1,409,614 | |
176 | Rush Enterprises, Inc. | 7,378 | |
6,000 | SG Holdings Co. Ltd. | 117,152 | |
47 | SGS SA | 117,127 | |
8,174 | SKF Ab, Class B | 144,458 | |
508 | 1 | SPX Corp. | 21,300 |
1,340 | Safran SA | 186,160 | |
106 | 1 | Saia, Inc. | 9,255 |
14,276 | Sandvik AB | 237,400 | |
7,583 | Schneider Electric SA | 772,884 | |
30,200 | Shimizu Corp. | 273,743 | |
73,500 | Sime Darby BHD | 34,869 | |
25,000 | Sinotruk Hong Kong Ltd. | 48,517 | |
13,398 | Skanska AB, Class B | 294,513 | |
928 | SkyWest, Inc. | 42,131 | |
8,862 | Southwest Airlines Co. | 409,336 | |
125 | 1 | Spirit Airlines, Inc. | 3,556 |
1,097 | Steelcase, Inc., Class A | 17,793 | |
434 | Systemax, Inc. | 9,053 | |
6,200 | Taisei Corp. | 211,297 | |
2,592 | 1 | Teledyne Technologies, Inc. | 874,333 |
620 | Tetra Tech, Inc. | 50,139 | |
5,529 | Thomson Reuters Corp. | 410,726 | |
43,100 | Toppan Printing Co. Ltd. | 759,641 | |
4,400 | Toshiba Corp. | 118,849 | |
9,300 | Toto Ltd. | 350,641 | |
12,300 | Toyota Tsusho Corp. | 369,572 |
15
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
184 | 1 | Trex Co., Inc. | $17,600 |
1,449 | 1 | TriMas Corp. | 36,732 |
111 | 1 | TrueBlue, Inc. | 1,652 |
152 | Unifirst Corp. | 28,243 | |
1,597 | Union Pacific Corp. | 255,217 | |
2,921 | 1 | United Airlines Holdings, Inc. | 179,904 |
355 | Universal Forest Products, Inc. | 16,635 | |
135 | Universal Truckload Services, Inc. | 2,080 | |
12,636 | Volvo AB, Class B | 197,245 | |
32,611 | Weg SA | 314,668 | |
141,000 | Weichai Power Co. Ltd., Class H | 280,014 | |
12,500 | Yamato Holdings Co. Ltd. | 196,192 | |
123,200 | Zoomlion Heavy Industry Science and Technology Co., Ltd. | 103,108 | |
TOTAL | 28,100,130 | ||
Information Technology—10.0% | |||
2,003 | ASML Holding N.V. | 554,756 | |
529 | 1 | A10 Networks, Inc. | 3,550 |
3,724 | 1 | Adobe, Inc. | 1,285,227 |
302 | 1 | Adyen BV | 267,913 |
551 | American Software, Inc., Class A | 9,064 | |
2,886 | 1 | Amkor Technology, Inc. | 30,115 |
453 | 1 | Anixter International, Inc. | 44,172 |
16,041 | Apple, Inc. | 4,384,968 | |
10,263 | Automatic Data Processing, Inc. | 1,588,097 | |
782 | 1 | Avalara, Inc. | 66,274 |
1,247 | Benchmark Electronics, Inc. | 33,893 | |
89 | Blackbaud, Inc. | 6,034 | |
861 | 1 | Box, Inc. | 14,422 |
22,500 | Brother Industries Ltd. | 404,460 | |
1,811 | 1 | CGI, Inc., Class A | 127,246 |
830 | CSG Systems International, Inc. | 36,727 | |
10,704 | 1 | Cadence Design Systems, Inc. | 707,963 |
142 | Capgemini SE | 15,666 | |
463 | Cass Information Systems, Inc. | 21,738 | |
514 | 1 | Cirrus Logic, Inc. | 35,281 |
39,942 | Cisco Systems, Inc. | 1,594,884 | |
11,008 | 1 | CommScope Holdings Co., Inc. | 121,198 |
744 | 1 | Commvault Systems, Inc. | 31,025 |
241,000 | Compal Electronics, Inc. | 145,024 | |
163 | Constellation Software, Inc. | 166,058 | |
382 | 1 | Cornerstone OnDemand, Inc. | 15,673 |
69 | 1 | Diodes, Inc. | 3,037 |
1,139 | 1 | EPAM Systems, Inc. | 254,225 |
346 | 1 | ePlus, Inc. | 26,213 |
345 | 1 | Exlservice Holding, Inc. | 25,754 |
565 | 1 | Fabrinet | 31,143 |
4,353 | 1 | Fortinet, Inc. | 444,267 |
4,600 | Fujitsu Ltd. | 485,456 | |
22,987 | Halma PLC | 573,270 |
16
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
1,900 | Hitachi High-Tech Corp. | $141,237 | |
425 | 1 | Ichor Holdings Ltd. | 12,291 |
43,827 | Infosys Ltd. | 442,447 | |
604 | 1 | Insight Enterprises, Inc. | 33,274 |
526 | 1 | Instructure, Inc. | 25,648 |
37,982 | Intel Corp. | 2,108,761 | |
311 | InterDigital, Inc. | 16,449 | |
7,700 | Itochu Techno-Solutions Corp. | 216,498 | |
365 | j2 Global, Inc. | 31,875 | |
413 | KBR, Inc. | 10,721 | |
935 | Kemet Corp. | 24,385 | |
671 | 1 | Kimball Electronics, Inc. | 9,092 |
994 | Lam Research Corp. | 291,669 | |
1,805 | 1 | Lattice Semiconductor Corp. | 32,400 |
55,700 | Legend Holdings Corp. | 96,423 | |
432,000 | Lenovo Group Ltd. | 268,944 | |
134,000 | Lite-On Technology Corp. | 189,510 | |
749 | ManTech International Corp., Class A | 56,100 | |
6,540 | Mastercard, Inc. | 1,898,235 | |
424 | Maximus, Inc. | 26,720 | |
974 | Methode Electronics, Inc., Class A | 29,863 | |
27,117 | Microsoft Corp. | 4,393,225 | |
129 | 1 | MicroStrategy, Inc., Class A | 17,436 |
1,919 | 1 | Mobile Iron, Inc. | 7,772 |
1,561 | NIC, Inc. | 28,551 | |
4,000 | Omron Corp. | 215,089 | |
129 | 1 | Onto Innovation, Inc. | 3,944 |
9,000 | Otsuka Corp. | 388,200 | |
5,034 | Paychex, Inc. | 390,034 | |
861 | 1 | Paycom Software, Inc. | 243,362 |
702 | 1 | Paylocity Corp. | 90,923 |
17,364 | 1 | PayPal Holdings, Inc. | 1,875,138 |
535 | 1 | Perficient, Inc. | 21,919 |
21 | 1 | Plexus Corp. | 1,393 |
137 | Progress Software Corp. | 5,109 | |
247 | 1 | Qualys, Inc. | 19,804 |
417 | 1 | Rapid7, Inc. | 19,307 |
2,200 | Rohm Co. Ltd. | 143,669 | |
6,593 | SK Hynix, Inc. | 475,878 | |
169 | 1 | SMART Global Holdings, Inc. | 4,536 |
485 | 1 | SPS Commerce, Inc. | 25,511 |
14,811 | STMicroelectronics N.V. | 405,417 | |
34,501 | Samsung Electronics Co. Ltd. | 1,560,826 | |
1,100 | Samsung SDS Co. Ltd. | 152,231 | |
225 | 1 | Sanmina Corp. | 5,915 |
450 | 1 | ScanSource, Inc. | 12,793 |
392 | Science Applications International Corp. | 31,411 | |
1,031 | 1 | Semtech Corp. | 40,714 |
4,588 | Skyworks Solutions, Inc. | 459,626 |
17
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
4,200 | Sunny Opitcal Technology Group Co. Ltd. | $65,995 | |
353 | 1 | Synaptics, Inc. | 23,316 |
148,000 | Synnex Technology International Corp. | 181,004 | |
10,619 | 1 | Synopsys, Inc. | 1,464,679 |
128,000 | Taiwan Semiconductor Manufacturing Co. Ltd. | 1,312,416 | |
8,585 | Tata Consultancy Services Ltd. | 239,103 | |
31 | 1 | Tech Data Corp. | 4,414 |
918 | 1 | Tenable Holdings, Inc. | 22,509 |
13,429 | Texas Instruments, Inc. | 1,532,786 | |
1,800 | Tokyo Electron Ltd. | 369,988 | |
543 | 1 | Twilio, Inc. | 61,164 |
519 | 1 | Ultra Clean Holdings, Inc. | 10,852 |
267 | 1 | Verra Mobility Corp. | 4,044 |
2,597 | Visa, Inc., Class A | 472,031 | |
1,094 | Vishay Intertechnology, Inc. | 20,458 | |
213 | 1 | Vishay Precision Group, Inc. | 5,851 |
8,000 | Walsin Technology Corp. | 54,337 | |
316 | 1 | Workiva, Inc. | 13,506 |
802 | XPERI Corp. | 13,786 | |
24,823 | Xerox Holdings Corp. | 799,301 | |
13,981 | Yageo Corp. | 182,665 | |
900 | Yokogawa Electric Corp. | 14,668 | |
10,000 | 1 | ZTE Corp. | 41,742 |
TOTAL | 37,467,683 | ||
Materials—3.8% | |||
122 | 1 | AdvanSix, Inc. | 1,773 |
158,881 | Alumina Ltd. | 198,445 | |
12,554 | Anglo American PLC | 291,726 | |
3,321 | Anglogold Ltd. | 58,327 | |
14,000 | Anhui Conch Cement Co. Ltd., Class H | 103,541 | |
61,000 | Asia Cement Corp. | 87,436 | |
535 | BHP Billiton Ltd. | 11,615 | |
27,895 | BHP Group PLC | 505,055 | |
19,917 | Berger Paints India Ltd. | 157,360 | |
899 | Boise Cascade Co. | 31,897 | |
844 | CF Industries Holdings, Inc. | 31,110 | |
224 | Celanese Corp. | 20,998 | |
14,606 | Cherepovets MK Severstal | 181,641 | |
270,000 | China National Building Material Co. Ltd. | 315,588 | |
226,000 | China Resources Cement Holdings Ltd. | 286,435 | |
30,406 | Companhia Siderurgica Nacional SA | 76,017 | |
17,855 | Corteva, Inc. | 485,656 | |
3,288 | Domtar, Corp. | 94,596 | |
8,210 | Dow, Inc. | 331,766 | |
697 | Ecolab, Inc. | 125,774 | |
1,192 | Ems-Chemie Holdings Ag | 703,080 | |
39,821 | Evraz PLC | 172,740 | |
5,107 | 1,2 | Ferroglobe Representation & Warranty Insurance Trust | 0 |
65,000 | Formosa Plastic Corp. | 191,243 |
18
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Materials—continued | |||
79,399 | Fortescue Metals Group Ltd. | $517,957 | |
244 | FutureFuel Corp. | 2,482 | |
143 | Glatfelter (P.H.) Co. | 2,039 | |
44,228 | Gold Fields Ltd. | 263,402 | |
29 | Greif, Inc. | 1,160 | |
125 | Hawkins, Inc. | 4,469 | |
6,751 | 1 | Impala Platinum Holdings Ltd. | 54,636 |
303 | 1 | Ingevity Corp. | 13,647 |
2,534 | KGHM Polska Miedz SA | 46,107 | |
149 | Kaiser Aluminum Corp. | 14,088 | |
9,442 | Koninklijke DSM NV | 1,069,240 | |
100 | 1 | Koppers Holdings, Inc. | 2,186 |
23,811 | LafargeHolcim Ltd. | 1,111,234 | |
685 | Louisiana-Pacific Corp. | 19,488 | |
604 | Materion Corp. | 27,385 | |
23,600 | Mitsubishi Gas Chemical Co., Inc. | 354,697 | |
8,300 | Mitsubishi Materials Corp. | 188,561 | |
1,127 | Myers Industries, Inc. | 15,293 | |
24,950 | Newmont Corp. | 1,113,519 | |
4,900 | Nissan Chemical Industries | 205,854 | |
6,700 | Nitto Denko Corp. | 334,070 | |
1,162 | 1 | Norilsk Nickel | 356,556 |
3,620 | Novolipetski Metallurgicheski Komb OAO | 6,808 | |
23,500 | PT Indah Kiat Pulp & Paper Corp. | 9,319 | |
121,300 | Petronas Chemicals BHD | 155,714 | |
4,492 | 3 | Phosagro OAO, GDR | 49,457 |
784 | Polyus PJSC | 97,661 | |
4,315 | 1,2 | Queen's Road Capital Investment Ltd. | 1,447 |
16,400 | Rio Tinto PLC | 768,656 | |
573 | Schnitzer Steel Industries, Inc., Class A | 9,443 | |
3,500 | Shin-Etsu Chemical Co. Ltd. | 391,452 | |
5,100 | Showa Denko KK | 109,490 | |
3,668 | Sika AG | 655,341 | |
19,521 | Southern Copper Corp. | 656,882 | |
239 | Stepan Co. | 20,991 | |
6,600 | Taiheiyo Cement Corp. | 161,942 | |
14,000 | Taiwan Cement Corp. | 19,148 | |
7,900 | Teijin Ltd. | 129,396 | |
21,200 | Tosoh Corp. | 288,967 | |
1,319 | Tredegar Industries, Inc. | 22,502 | |
1,160 | Trinseo SA | 25,381 | |
12,342 | UPM - Kymmene Oyj | 379,675 | |
515 | Umicore SA | 21,581 | |
2,811 | Va Stahl Ag | 62,050 | |
1,785 | Valhi, Inc. | 2,481 | |
562 | 1 | Verso Corp. | 9,166 |
1,043 | Warrior Met Coal, Inc. | 18,482 | |
1,244 | West Fraser Timber Co. Ltd. | 46,451 | |
424 | Worthington Industries, Inc. | 13,483 |
19
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Materials—continued | |||
130,000 | Zijin Mining Group Co. Ltd. | $58,812 | |
TOTAL | 14,374,067 | ||
Real Estate—2.6% | |||
2,000 | Agile Group Holdings Ltd. | 2,831 | |
212 | American Assets Trust, Inc. | 8,787 | |
5,158 | American Tower Corp. | 1,169,834 | |
411 | Armada Hoffler Properties, Inc. | 6,888 | |
32,700 | Ascendas Real Estate Investment Trust | 72,128 | |
1,026 | Avalonbay Communities, Inc. | 205,805 | |
13,585 | Brixmor Property Group, Inc. | 247,383 | |
106,000 | CIFI Holdings Group Co. Ltd. | 81,901 | |
3,500 | CapitaLand Commercial Trust Ltd. | 4,698 | |
61,500 | CapitaLand Mall Trust | 100,835 | |
2,079 | CareTrust REIT, Inc. | 43,389 | |
4,673 | CatchMark Timber Trust, Inc. | 42,945 | |
57,000 | China Aoyuan Group Ltd. | 82,879 | |
4,000 | China Resources Bejing Land | 18,609 | |
7,700 | China Vanke Co. Ltd. | 29,897 | |
836 | CoreCivic, Inc. | 12,381 | |
2,330 | Corepoint Lodging, Inc. | 18,547 | |
217,000 | Country Garden Holdings Co. | 290,360 | |
512 | Crown Castle International Corp. | 73,364 | |
2,000 | Daito Trust Construction Co. Ltd. | 205,874 | |
1,393 | DiamondRock Hospitality Co. | 12,704 | |
12,930 | Duke Realty Corp. | 419,837 | |
595 | EastGroup Properties, Inc. | 74,809 | |
17,367 | Equity Residential Properties Trust | 1,304,262 | |
714 | Essential Properties Realty Trust, Inc. | 16,358 | |
136 | Essex Property Trust, Inc. | 38,537 | |
109,000 | Evergrande Real Estate Group Limited | 247,447 | |
4,104 | Fibra Uno Administracion SA | 6,216 | |
714 | First Industrial Realty Trust | 27,489 | |
144,000 | Franshion Properties of China Ltd. | 106,074 | |
1,039 | Geo Group, Inc. | 15,211 | |
201 | Global Medical REIT, Inc. | 2,808 | |
50,903 | H&R Real Estate Investment Trust | 736,098 | |
118,900 | Henderson Land Development Co. Ltd. | 549,101 | |
104,000 | 1 | Kaisa Group Holdings Ltd. | 46,649 |
1,337 | Kite Realty Group Trust | 21,593 | |
1,083 | Life Storage, Inc. | 116,867 | |
26,000 | Logan Property Holdings Co. Ltd. | 44,769 | |
3,500 | Longfor Properties | 16,324 | |
4,325 | Mid-American Apartment Communities, Inc. | 559,049 | |
1,441 | Monmouth Real Estate Investment Corp. | 20,462 | |
690 | National Storage Affiliates Trust | 23,281 | |
8,215 | New Senior Investment Group, Inc. | 49,865 | |
1,714 | Newmark Group, Inc. | 16,369 | |
209 | PS Business Parks, Inc. | 31,047 | |
1,654 | Physicians Realty Trust | 31,194 |
20
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Real Estate—continued | |||
827 | RLJ Lodging Trust | $10,925 | |
7,491 | Retail Properties of America, Inc. | 78,431 | |
250 | Retail Value, Inc. | 6,948 | |
1,276 | Rexford Industrial Realty, Inc. | 59,679 | |
61,200 | Robinson's Land Corp., Class B | 25,365 | |
478 | STAG Industrial, Inc. | 13,374 | |
269,835 | Scentre Group | 601,013 | |
234,000 | Seazen Group Ltd. | 243,355 | |
196,000 | Shenzhen Investment Ltd. | 66,250 | |
27,000 | Shimao Property Holdings Ltd. | 97,547 | |
244,513 | Stockland Trust Group | 741,090 | |
62,000 | Sunac China Holdings | 341,940 | |
604 | Terreno Realty Corp. | 33,141 | |
394,000 | Yuexiu Property Co., Ltd. | 80,898 | |
TOTAL | 9,653,711 | ||
Utilities—2.5% | |||
11,193 | AES Corp. | 187,259 | |
15,622 | AGL Energy Ltd. | 192,837 | |
10,887 | American Electric Power Co., Inc. | 971,774 | |
438 | American States Water Co. | 33,546 | |
467,461 | AusNet Services | 511,102 | |
77 | Avista Corp. | 3,631 | |
1,499 | CEZ A.S. | 28,729 | |
50,500 | CLP Holdings Ltd. | 532,112 | |
168 | Chesapeake Utilities Corp. | 14,364 | |
170,000 | China Power International Development Ltd. | 31,832 | |
24,000 | China Resources Logic Ltd. | 120,317 | |
4,252 | DTE Energy Co. | 474,821 | |
365 | Duke Energy Corp. | 33,470 | |
11,500 | ENN Energy Holdings Ltd. | 128,870 | |
41,674 | Endesa SA | 1,073,492 | |
25,474 | Enel SpA | 213,309 | |
33,145 | Equatorial Energia SA | 182,776 | |
23,918 | Gail India Ltd. | 34,698 | |
769,500 | 3 | HK Electric Investments Ltd. | 775,687 |
54,040 | Hong Kong and China Gas Co. Ltd. | 104,467 | |
53,507 | Iberdrola SA | 612,422 | |
5,330 | Manila Electric Co. | 28,261 | |
7,566 | NextEra Energy, Inc. | 1,912,382 | |
980 | Northwestern Corp. | 68,933 | |
3,028,957 | OJSC Inter Rao Ues | 236,842 | |
348 | ONE Gas, Inc. | 28,585 | |
2,028 | Orsted A/S | 208,693 | |
279 | Otter Tail Corp. | 13,562 | |
1,364 | Portland General Electric Co. | 74,215 | |
14,000 | Ratchaburi Group PCL | 26,168 | |
6,535 | Severn Trent PLC | 208,073 | |
2,477 | Southern Co. | 149,512 | |
4,969 | Uniper SE | 146,847 |
21
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
COMMON STOCKS—continued | |||
Utilities—continued | |||
977 | Unitil Corp. | $55,044 | |
TOTAL | 9,418,632 | ||
TOTAL COMMON STOCKS (IDENTIFIED COST $211,446,341) | 234,793,059 | ||
ASSET-BACKED SECURITIES—0.0% | |||
$9,663 | Santander Drive Auto Receivables Trust 2016-2, Class C, 2.660%, 11/15/2021 | 9,667 | |
13,346 | Sofi Consumer Loan Program Trust 2016-3, Class A, 3.050%, 12/26/2025 | 13,381 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $23,006) | 23,048 | ||
COMMERCIAL MORTGAGE-BACKED SECURITIES—0.2% | |||
Agency Commercial Mortgage-Backed Securities—0.2% | |||
132,343 | Federal Home Loan Mortgage Corp. REMIC, Series K055, Class A1, 2.263%, 4/25/2025 | 134,928 | |
500,000 | Federal Home Loan Mortgage Corp. REMIC, Series K737, Class A2, 2.530%, 10/25/2026 | 531,822 | |
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $649,962) | 666,750 | ||
COLLATERALIZED MORTGAGE OBLIGATIONS—0.4% | |||
255,000 | Bank, Class A4, 3.488%, 11/15/2050 | 284,714 | |
200,000 | Citigroup Commercial Mortgage Trust 2015-GC33, Class AS, 4.114%, 9/10/2058 | 222,707 | |
450,000 | Commercial Mortgage Trust 2015-DC1, Class AM, 3.724%, 2/10/2048 | 482,662 | |
300,000 | JPMDB Commercial Mortgage Securities Trust 2016-C4, Class A3, 3.141%, 12/15/2049 | 325,133 | |
50,000 | WF-RBS Commercial Mortgage Trust 2012-C6, Class B, 4.697%, 4/15/2045 | 52,684 | |
100,000 | WF-RBS Commercial Mortgage Trust 2014-C25, Class B, 4.236%, 11/15/2047 | 108,379 | |
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (IDENTIFIED COST $1,394,613) | 1,476,279 | ||
CORPORATE BONDS—5.1% | |||
Basic Industry - Metals & Mining—0.0% | |||
100,000 | Reliance Steel & Aluminum Co., Sr. Unsecd. Note, 4.500%, 4/15/2023 | 107,700 | |
Capital Goods - Aerospace & Defense—0.1% | |||
180,000 | Lockheed Martin Corp., Sr. Unsecd. Note, 3.550%, 1/15/2026 | 199,630 | |
90,000 | 4 | Textron Financial Corp., Jr. Sub. Note, 144A, 3.426% (3-month USLIBOR +1.735%), 2/15/2042 | 72,153 |
TOTAL | 271,783 | ||
Capital Goods - Building Materials—0.1% | |||
125,000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | 133,729 | |
130,000 | Masco Corp., Sr. Unsecd. Note, 4.375%, 4/1/2026 | 147,041 | |
185,000 | Masco Corp., Unsecd. Note, 4.450%, 4/1/2025 | 206,220 | |
TOTAL | 486,990 | ||
Capital Goods - Diversified Manufacturing—0.1% | |||
30,000 | General Electric Capital Corp., Note, Series MTNA, 6.750%, 3/15/2032 | 40,328 | |
300,000 | Valmont Industries, Inc., 5.250%, 10/1/2054 | 341,294 | |
TOTAL | 381,622 | ||
Commercial Mortgage—0.1% | |||
150,000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., 5.050%, 3/30/2029 | 173,791 | |
Communications - Media & Entertainment—0.0% | |||
20,000 | Discovery Communications LLC, Sr. Unsecd. Note, 4.900%, 3/11/2026 | 22,869 | |
70,000 | Grupo Televisa S.A., Sr. Unsecd. Note, 6.125%, 1/31/2046 | 94,711 | |
TOTAL | 117,580 | ||
Communications - Telecom Wireless—0.1% | |||
375,000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050 | 416,667 |
22
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
CORPORATE BONDS—continued | |||
Communications - Telecom Wireless—continued | |||
75,000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.875%, 6/19/2049 | $90,399 | |
TOTAL | 507,066 | ||
Communications - Telecom Wirelines—0.2% | |||
300,000 | AT&T, Inc., Sr. Unsecd. Note, 5.150%, 3/15/2042 | 366,751 | |
200,000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.150%, 3/15/2024 | 218,913 | |
TOTAL | 585,664 | ||
Consumer Cyclical - Automotive—0.1% | |||
275,000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.336%, 3/18/2021 | 277,448 | |
70,000 | General Motors Co., Sr. Unsecd. Note, 4.000%, 4/1/2025 | 73,918 | |
TOTAL | 351,366 | ||
Consumer Cyclical - Retailers—0.1% | |||
100,000 | Advance Auto Parts, Inc., 4.500%, 12/1/2023 | 109,966 | |
300,000 | AutoZone, Inc., Sr. Unsecd. Note, 3.250%, 4/15/2025 | 321,566 | |
88,865 | CVS Health Corp., Pass Thru Cert., 144A, 5.298%, 1/11/2027 | 97,415 | |
TOTAL | 528,947 | ||
Consumer Cyclical - Services—0.1% | |||
200,000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.800%, 6/6/2023 | 205,925 | |
130,000 | Visa, Inc., Sr. Unsecd. Note, 3.150%, 12/14/2025 | 141,304 | |
TOTAL | 347,229 | ||
Consumer Non-Cyclical - Food/Beverage—0.2% | |||
210,000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | 227,407 | |
250,000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.950%, 7/15/2025 | 260,265 | |
120,000 | Mead Johnson Nutrition Co., Sr. Unsecd. Note, 4.125%, 11/15/2025 | 134,908 | |
70,000 | PepsiCo, Inc., Sr. Unsecd. Note, 4.450%, 4/14/2046 | 91,995 | |
TOTAL | 714,575 | ||
Consumer Non-Cyclical - Health Care—0.2% | |||
210,000 | Agilent Technologies, Inc., Sr. Unsecd. Note, 2.750%, 9/15/2029 | 219,255 | |
400,000 | PerkinElmer, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029 | 420,929 | |
TOTAL | 640,184 | ||
Consumer Non-Cyclical - Pharmaceuticals—0.0% | |||
90,000 | Gilead Sciences, Inc., Sr. Unsecd. Note, 3.650%, 3/1/2026 | 99,137 | |
Consumer Non-Cyclical - Tobacco—0.4% | |||
EUR 870,000 | Philip Morris International, Inc., Sr. Unsecd. Note, 2.875%, 5/14/2029 | 1,144,322 | |
200,000 | Reynolds American, Inc., Sr. Unsecd. Note, 5.850%, 8/15/2045 | 239,610 | |
TOTAL | 1,383,932 | ||
Energy - Independent—0.1% | |||
170,000 | Occidental Petroleum Corp., Sr. Unsecd. Note, 2.900%, 8/15/2024 | 172,410 | |
Energy - Integrated—0.0% | |||
100,000 | Husky Energy, Inc., Sr. Unsecd. Note, 3.950%, 4/15/2022 | 103,427 | |
35,000 | Petro-Canada, Deb., 7.000%, 11/15/2028 | 47,453 | |
TOTAL | 150,880 | ||
Energy - Midstream—0.1% | |||
325,000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.050%, 3/15/2025 | 348,393 | |
80,000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | 85,843 | |
TOTAL | 434,236 | ||
Energy - Refining—0.1% | |||
250,000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044 | 287,181 |
23
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
CORPORATE BONDS—continued | |||
Financial Institution - Banking—0.6% | |||
100,000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 4.875%, 4/1/2044 | $132,943 | |
300,000 | Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025 | 327,049 | |
300,000 | Citigroup, Inc., Sr. Unsecd. Note, 2.700%, 3/30/2021 | 303,220 | |
250,000 | Citizens Bank N.A., Sr. Unsecd. Note, Series BKNT, 3.750%, 2/18/2026 | 276,672 | |
250,000 | Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025 | 269,690 | |
5,000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.750%, 1/24/2022 | 5,382 | |
100,000 | JPMorgan Chase & Co., Series S, 6.750%, 8/1/2068 | 111,931 | |
50,000 | JPMorgan Chase & Co., Sub. Note, 3.375%, 5/1/2023 | 52,551 | |
400,000 | Morgan Stanley, 4.300%, 1/27/2045 | 492,249 | |
34,903 | 2 | Regional Diversified Funding, 144A, 9.250%, 3/15/2030 | 26,178 |
230,000 | Truist Financial Corp., Sr. Unsecd. Note, 2.900%, 3/3/2021 | 232,506 | |
TOTAL | 2,230,371 | ||
Financial Institution - Broker/Asset Mgr/Exchange—0.1% | |||
140,000 | Invesco Finance PLC, Sr. Unsecd. Note, 3.750%, 1/15/2026 | 155,903 | |
240,000 | Stifel Financial Corp., Sr. Unsecd. Note, 3.500%, 12/1/2020 | 243,272 | |
70,000 | TIAA Asset Management Finance Co. LLC, Sr. Unsecd. Note, 144A, 4.125%, 11/1/2024 | 78,052 | |
TOTAL | 477,227 | ||
Financial Institution - Finance Companies—0.2% | |||
210,000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.950%, 2/1/2022 | 217,014 | |
325,000 | GE Capital International Funding, Inc., Sr. Unsecd. Note, 4.418%, 11/15/2035 | 371,591 | |
TOTAL | 588,605 | ||
Financial Institution - Insurance - Life—0.3% | |||
27,000 | Aflac, Inc., Sr. Unsecd. Note, 6.450%, 8/15/2040 | 40,624 | |
400,000 | American International Group, Inc., Unsecd. Note, 3.875%, 1/15/2035 | 456,932 | |
325,000 | Mass Mutual Global Funding II, 144A, 2.000%, 4/15/2021 | 328,060 | |
10,000 | MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039 | 16,667 | |
105,000 | Northwestern Mutual Life Insurance Co., Sr. Unsecd. Note, 144A, 3.625%, 9/30/2059 | 117,403 | |
100,000 | Principal Life Global Funding II, 144A, 2.200%, 4/8/2020 | 100,038 | |
TOTAL | 1,059,724 | ||
Financial Institution - Insurance - P&C—0.0% | |||
30,000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | 54,715 | |
Financial Institution - REIT - Apartment—0.1% | |||
300,000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024 | 324,911 | |
140,000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.950%, 9/1/2026 | 149,405 | |
TOTAL | 474,316 | ||
Financial Institution - REIT - Office—0.0% | |||
100,000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028 | 112,382 | |
Financial Institution - REIT - Other—0.1% | |||
180,000 | ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029 | 213,178 | |
90,000 | WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029 | 100,647 | |
160,000 | WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024 | 175,046 | |
TOTAL | 488,871 | ||
Financial Institution - REIT - Retail—0.0% | |||
30,000 | Kimco Realty Corp., Sr. Unsecd. Note, 3.400%, 11/1/2022 | 31,466 | |
Foreign-Local-Government—0.0% | |||
50,000 | Quebec, Province of, Note, Series MTNA, 7.035%, 3/10/2026 | 65,414 | |
Municipal Services—0.1% | |||
133,415 | Army Hawaii Family Housing, 144A, 5.524%, 6/15/2050 | 177,453 |
24
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
CORPORATE BONDS—continued | |||
Municipal Services—continued | |||
100,000 | Camp Pendleton & Quantico Housing LLC, 5.572%, 10/1/2050 | $134,543 | |
TOTAL | 311,996 | ||
Sovereign—0.1% | |||
JPY 30,000,000 | KFW, 2.050%, 2/16/2026 | 319,843 | |
Technology—0.7% | |||
$400,000 | Apple, Inc., Sr. Unsecd. Note, 2.950%, 9/11/2049 | 421,039 | |
320,000 | Diamond 1 Finance Corp./Diamond 2 Finance Corp., Sr. Secd. Note, 144A, 6.020%, 6/15/2026 | 375,022 | |
28,000 | Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.875%, 6/5/2024 | 30,352 | |
260,000 | Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029 | 284,737 | |
150,000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 3.600%, 10/15/2020 | 151,390 | |
300,000 | Keysight Technologies, Inc., 4.550%, 10/30/2024 | 335,449 | |
380,000 | Molex Electronics Technologies LLC, Unsecd. Note, 144A, 3.900%, 4/15/2025 | 403,987 | |
450,000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | 517,801 | |
TOTAL | 2,519,777 | ||
Transportation - Services—0.0% | |||
62,000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 3.850%, 11/15/2024 | 67,483 | |
Utility - Electric—0.6% | |||
275,000 | Electricite de France SA, Sr. Unsecd. Note, 144A, 4.500%, 9/21/2028 | 319,872 | |
190,000 | Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046 | 223,511 | |
400,000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | 411,849 | |
300,000 | Exelon Corp., Sr. Unsecd. Note, 3.400%, 4/15/2026 | 324,262 | |
140,000 | National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046 | 156,225 | |
200,000 | NiSource Finance Corp., Sr. Unsecd. Note, 3.950%, 3/30/2048 | 221,658 | |
400,000 | Northeast Utilities, Sr. Unsecd. Note, Series H, 3.150%, 1/15/2025 | 423,021 | |
125,000 | Wisconsin Electric Power Co., Sr. Unsecd. Note, 4.300%, 12/15/2045 | 154,140 | |
TOTAL | 2,234,538 | ||
Utility - Natural Gas—0.1% | |||
200,000 | Sempra Energy, Sr. Unsecd. Note, 2.850%, 11/15/2020 | 201,756 | |
TOTAL CORPORATE BONDS (IDENTIFIED COST $17,318,164) | 18,980,757 | ||
MORTGAGE-BACKED SECURITIES—0.0% | |||
1,269 | Federal Home Loan Mortgage Corp., Pool C00592, 7.000%, 3/1/2028 | 1,436 | |
901 | Federal Home Loan Mortgage Corp., Pool C00896, 7.500%, 12/1/2029 | 1,049 | |
73 | Federal Home Loan Mortgage Corp., Pool C17281, 6.500%, 11/1/2028 | 75 | |
1,028 | Federal Home Loan Mortgage Corp., Pool C19588, 6.500%, 12/1/2028 | 1,174 | |
810 | Federal Home Loan Mortgage Corp., Pool C25621, 6.500%, 5/1/2029 | 923 | |
1,298 | Federal Home Loan Mortgage Corp., Pool C76361, 6.000%, 2/1/2033 | 1,508 | |
1,867 | Federal Home Loan Mortgage Corp., Pool G01444, 6.500%, 8/1/2032 | 2,168 | |
1,117 | Federal National Mortgage Association, Pool 251697, 6.500%, 5/1/2028 | 1,256 | |
4,935 | Federal National Mortgage Association, Pool 252334, 6.500%, 2/1/2029 | 5,484 | |
3,207 | Federal National Mortgage Association, Pool 254905, 6.000%, 10/1/2033 | 3,726 | |
3,657 | Federal National Mortgage Association, Pool 255075, 5.500%, 2/1/2024 | 3,984 | |
347 | Federal National Mortgage Association, Pool 303168, 9.500%, 2/1/2025 | 386 | |
217 | Federal National Mortgage Association, Pool 323159, 7.500%, 4/1/2028 | 247 | |
2,118 | Federal National Mortgage Association, Pool 323640, 7.500%, 4/1/2029 | 2,408 | |
4,847 | Federal National Mortgage Association, Pool 545993, 6.000%, 11/1/2032 | 5,611 | |
2,032 | Federal National Mortgage Association, Pool 555272, 6.000%, 3/1/2033 | 2,350 | |
1,514 | Federal National Mortgage Association, Pool 713974, 5.500%, 7/1/2033 | 1,727 | |
3,570 | Federal National Mortgage Association, Pool 721502, 5.000%, 7/1/2033 | 3,975 |
25
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
MORTGAGE-BACKED SECURITIES—continued | |||
4,723 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | $5,403 | |
2,869 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | 3,323 | |
7,147 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | 8,211 | |
9,321 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | 10,760 | |
179 | Government National Mortgage Association, Pool 352214, 7.000%, 4/15/2023 | 191 | |
1,396 | Government National Mortgage Association, Pool 451522, 7.500%, 10/15/2027 | 1,590 | |
855 | Government National Mortgage Association, Pool 462556, 6.500%, 2/15/2028 | 947 | |
276 | Government National Mortgage Association, Pool 462739, 7.500%, 5/15/2028 | 314 | |
103 | Government National Mortgage Association, Pool 464835, 6.500%, 9/15/2028 | 115 | |
2,444 | Government National Mortgage Association, Pool 469699, 7.000%, 11/15/2028 | 2,750 | |
2,071 | Government National Mortgage Association, Pool 486760, 6.500%, 12/15/2028 | 2,319 | |
165 | Government National Mortgage Association, Pool 780339, 8.000%, 12/15/2023 | 177 | |
1,981 | Government National Mortgage Association, Pool 780453, 7.500%, 12/15/2025 | 2,189 | |
1,861 | Government National Mortgage Association, Pool 780584, 7.000%, 6/15/2027 | 2,055 | |
TOTAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $70,747) | 79,831 | ||
FOREIGN GOVERNMENTS/AGENCIES—8.0% | |||
Sovereign—8.0% | |||
AUD 1,000,000 | Australia, Government of, Sr. Unsecd. Note, Series 148, 2.750%, 11/21/2027 | 749,867 | |
EUR 390,000 | Belgium, Government of, Series 68, 2.250%, 6/22/2023 | 472,432 | |
EUR 680,000 | Belgium, Government of, Series 74, 0.800%, 6/22/2025 | 804,629 | |
CAD 800,000 | Canada, Government of, Bond, 3.250%, 6/1/2021 | 610,640 | |
CAD 480,000 | Canada, Government of, Series WL43, 5.750%, 6/1/2029 | 501,836 | |
EUR 636,000 | France, Government of, 0.500%, 5/25/2025 | 742,282 | |
EUR 150,000 | France, Government of, Bond, 4.500%, 4/25/2041 | 314,328 | |
EUR 600,000 | France, Government of, O.A.T., 5.500%, 4/25/2029 | 1,024,037 | |
EUR 650,000 | France, Government of, Unsecd. Note, 1.250%, 5/25/2036 | 859,216 | |
EUR 400,000 | France, Government of, Unsecd. Note, 1.750%, 6/25/2039 | 578,002 | |
EUR 600,000 | Germany, Government of, 0.250%, 2/15/2027 | 709,393 | |
EUR 300,000 | Germany, Government of, Bond, Series 03, 4.750%, 7/4/2034 | 590,304 | |
EUR 100,000 | Germany, Government of, Bond, Series 08, 4.750%, 7/4/2040 | 229,193 | |
EUR 540,000 | Germany, Government of, Unsecd. Note, 1.000%, 8/15/2025 | 655,379 | |
EUR 1,000,000 | Italy, Government of, 3.750%, 5/1/2021 | 1,153,352 | |
EUR 220,000 | Italy, Government of, 4.250%, 3/1/2020 | 242,869 | |
EUR 680,000 | Italy, Government of, Sr. Unsecd. Note, 0.650%, 10/15/2023 | 760,550 | |
EUR 1,000,000 | Italy, Government of, Sr. Unsecd. Note, 4.750%, 9/1/2028 | 1,443,492 | |
EUR 950,000 | Italy, Government of, Unsecd. Note, 1.600%, 6/1/2026 | 1,108,049 | |
EUR 58,000 | Italy, Government of, Unsecd. Note, 3.250%, 9/1/2046 | 79,852 | |
JPY 70,000,000 | Japan, Government of, Series 313, 1.300%, 3/20/2021 | 659,256 | |
JPY 60,000,000 | Japan, Government of, Series 65, 1.900%, 12/20/2023 | 602,348 | |
JPY 142,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 114, 2.100%, 12/20/2029 | 1,609,842 | |
JPY 205,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 153, 1.300%, 6/20/2035 | 2,263,325 | |
JPY 50,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 351, 0.100%, 6/20/2028 | 476,687 | |
JPY 155,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 44, 1.700%, 9/20/2044 | 1,943,694 | |
$30,000 | Mexico, Government of, Series MTNA, 6.750%, 9/27/2034 | 43,425 | |
MXN 31,800,000 | Mexico, Government of, Sr. Unsecd. Note, Series M, 5.750%, 3/5/2026 | 1,540,853 | |
EUR 750,000 | Netherlands, Government of, Unsecd. Note, 2.500%, 1/15/2033 | 1,141,209 | |
EUR 150,000 | Spain, Government of, 4.200%, 1/31/2037 | 259,567 | |
EUR 600,000 | Spain, Government of, Sr. Unsecd. Note, 1.500%, 4/30/2027 | 730,332 | |
EUR 590,000 | Spain, Government of, Sr. Unsecd. Note, 1.950%, 7/30/2030 | 760,955 |
26
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
FOREIGN GOVERNMENTS/AGENCIES—continued | |||
Sovereign—continued | |||
EUR 480,000 | Spain, Government of, Sr. Unsecd. Note, 2.750%, 10/31/2024 | $602,359 | |
GBP 350,000 | UK TSY 1 5/8% 2028, Unsecd. Deb., 1.625%, 10/22/2028 | 497,279 | |
GBP 270,000 | United Kingdom, Government of, 2.750%, 9/7/2024 | 384,071 | |
GBP 430,000 | United Kingdom, Government of, 3.250%, 1/22/2044 | 824,179 | |
GBP 400,000 | United Kingdom, Government of, 4.250%, 12/7/2027 | 667,548 | |
GBP 600,000 | United Kingdom, Government of, Unsecd. Note, 1.500%, 7/22/2047 | 874,325 | |
GBP 230,000 | United Kingdom, Government of, Unsecd. Note, 4.250%, 6/7/2032 | 424,218 | |
TOTAL FOREIGN GOVERNMENTS/AGENCIES (IDENTIFIED COST $28,068,909) | 29,935,174 | ||
U.S. TREASURIES—4.9% | |||
$325,284 | U.S. Treasury Inflation-Protected Notes, 0.125%, 4/15/2021 | 325,564 | |
1,650,000 | United States Treasury Bond, 2.000%, 2/15/2050 | 1,771,472 | |
365,000 | United States Treasury Bond, 2.375%, 11/15/2049 | 424,205 | |
21,000 | United States Treasury Bond, 2.500%, 5/15/2046 | 24,571 | |
3,000 | United States Treasury Bond, 3.000%, 11/15/2045 | 3,815 | |
100,000 | United States Treasury Bond, 4.375%, 2/15/2038 | 147,197 | |
450,000 | United States Treasury Note, 1.375%, 1/31/2022 | 453,822 | |
750,000 | United States Treasury Note, 1.375%, 8/31/2026 | 765,389 | |
750,000 | United States Treasury Note, 1.500%, 1/15/2023 | 762,609 | |
100,000 | United States Treasury Note, 1.500%, 1/31/2027 | 102,892 | |
600,000 | United States Treasury Note, 1.500%, 10/31/2021 | 605,197 | |
1,550,000 | United States Treasury Note, 1.500%, 11/30/2021 | 1,564,496 | |
200,000 | United States Treasury Note, 1.500%, 2/15/2030 | 206,456 | |
275,000 | United States Treasury Note, 1.625%, 10/31/2026 | 285,034 | |
450,000 | United States Treasury Note, 1.625%, 11/30/2026 | 466,515 | |
1,000,000 | United States Treasury Note, 1.625%, 12/31/2021 | 1,012,208 | |
400,000 | United States Treasury Note, 1.750%, 12/31/2024 | 415,231 | |
400,000 | United States Treasury Note, 1.750%, 12/31/2026 | 418,114 | |
3,450,000 | United States Treasury Note, 1.750%, 11/15/2029 | 3,636,879 | |
600,000 | United States Treasury Note, 1.875%, 6/30/2026 | 630,714 | |
3,275,000 | United States Treasury Note, 2.125%, 5/31/2021 | 3,318,313 | |
180,000 | United States Treasury Note, 2.250%, 3/31/2021 | 182,267 | |
50,000 | United States Treasury Note, 2.250%, 3/31/2026 | 53,607 | |
385,000 | United States Treasury Note, 2.500%, 1/31/2021 | 389,843 | |
30,000 | United States Treasury Note, 2.500%, 1/31/2025 | 32,236 | |
225,000 | United States Treasury Note, 2.500%, 2/28/2026 | 244,345 | |
145,000 | United States Treasury Note, 2.875%, 9/30/2023 | 154,980 | |
160,000 | United States Treasury Note, 2.875%, 11/30/2023 | 171,458 | |
TOTAL U.S. TREASURIES (IDENTIFIED COST $17,967,075) | 18,569,429 | ||
PURCHASED CALL OPTIONS—0.0% | |||
1,000,000 | Barclays USD CALL/JPY PUT, Notional Amount $1,000,000, Exercise Price $111.90, Expiration Date 3/4/2020 | 1 | |
2,097,900 | JPM EUR CALL/USD PUT, Notional Amount $2,097,900, Exercise Price $1.13, Expiration Date 4/17/2020 | 6,390 | |
TOTAL PURCHASED CALL OPTIONS (IDENTIFIED COST $9,545) | 6,391 | ||
PURCHASED PUT OPTIONS—0.0% | |||
2,034,075 | JPM EUR PUT/USD CALL, Notional Amount $2,034,075, Exercise Price $1.10, Expiration Date 4/17/2020 | 13,925 | |
2,600,000 | JPM USD PUT/CHF CALL, Notional Amount $2,600,000, Exercise Price $0.96, Expiration Date 4/1/2020 | 16,562 | |
TOTAL PURCHASED PUT OPTIONS (IDENTIFIED COST $23,966) | 30,487 |
27
Shares, Principal Amount or Contracts | Value in U.S. Dollars | ||
INVESTMENT COMPANIES—16.3% | |||
3,090,044 | Emerging Markets Core Fund | $31,147,644 | |
143,208 | Federated Bank Loan Core Fund | 1,383,387 | |
4,618,080 | Federated Institutional Prime Value Obligations Fund, Institutional Shares, 1.68%5 | 4,619,927 | |
1,610,993 | Federated Mortgage Core Portfolio | 16,158,263 | |
553,403 | Federated Project and Trade Finance Core Fund | 4,925,286 | |
431,042 | 6 | High Yield Bond Portfolio | 2,655,220 |
TOTAL INVESTMENT COMPANIES (IDENTIFIED COST $57,849,394) | 60,889,727 | ||
TOTAL INVESTMENT IN SECURITIES—97.6% (IDENTIFIED COST $334,821,722) | 365,450,932 | ||
OTHER ASSETS AND LIABILITIES - NET—2.4%7 | 9,040,363 | ||
TOTAL NET ASSETS-100% | $374,491,295 |
At February 29, 2020, the Fund had the following outstanding foreign exchange contracts:
Settlement Date | Counterparty | Currency Units to Deliver/Receive | In Exchange For | Unrealized |
Contracts Purchased: | ||||
3/2/2020 | Barclays Bank PLC Wholesale | 969,780 CHF | $1,000,000 | $5,162 |
3/3/2020 | Bank of America N.A. | 2,128,700 ZAR | $140,000 | $(3,545) |
3/6/2020 | Morgan Stanley | 15,050,000 CAD | $11,326,726 | $(114,114) |
3/6/2020 | Barclays Bank PLC Wholesale | 64,863,000 JPY | $588,033 | $13,429 |
3/6/2020 | State Street Bank & Trust Co. | 122,774,000 MXN | $6,431,097 | $(196,369) |
3/6/2020 | JPMorgan Chase | 601,000 NZD | $381,462 | $(5,794) |
3/6/2020 | JPMorgan Chase | 78,241,000 TRY | $12,671,018 | $(138,034) |
3/19/2020 | Barclays Bank PLC Wholesale | 432,985,000 KRW | $356,205 | $385 |
3/19/2020 | Barclays Bank PLC Wholesale | 2,157,408,000 KRW | $1,815,144 | $(38,385) |
3/19/2020 | Barclays Bank PLC Wholesale | 6,526,934,000 KRW | $5,480,167 | $(104,832) |
3/19/2020 | Barclays Bank PLC Wholesale | 11,011,752,000 KRW | $9,549,114 | $(480,252) |
3/19/2020 | Barclays Bank PLC Wholesale | 14,215,133,000 KRW | $12,248,829 | $(541,784) |
4/21/2020 | Bank of America N.A. | 740,000 EUR | $816,136 | $3,187 |
4/21/2020 | Bank of New York Mellon | 1,850,000 EUR | $2,055,400 | $(7,091) |
4/30/2020 | Bank of New York Mellon | 2,381,935 CAD | $1,800,000 | $(25,443) |
4/30/2020 | State Street Bank & Trust Co. | 550,000 EUR | $608,526 | $738 |
4/30/2020 | Bank of America N.A. | 2,000,000 GBP | $2,593,764 | $(25,637) |
4/30/2020 | State Street Bank & Trust Co. | 542,189,900 JPY | $5,000,000 | $41,847 |
5/7/2020 | Morgan Stanley | 153,055 AUD | $100,000 | $(165) |
5/7/2020 | State Street Bank & Trust Co. | 236,097 AUD | $160,000 | $(5,999) |
5/7/2020 | BNP Paribas SA | 335,193 CAD | $250,000 | $(281) |
5/7/2020 | JPMorgan Chase | 451,661 CAD | $340,000 | $(3,513) |
5/7/2020 | Morgan Stanley | 86,470 CHF | $90,000 | $23 |
5/7/2020 | Credit Agricole CIB | 145,121 CHF | $150,000 | $1,083 |
5/7/2020 | Bank of New York Mellon | 541,841 EUR | $600,000 | $455 |
5/7/2020 | State Street Bank & Trust Co. | 813,038 EUR | $900,000 | $988 |
5/7/2020 | Citibank N.A. | 155,844 GBP | $200,000 | $143 |
5/7/2020 | Citibank N.A. | 245,551 GBP | $320,000 | $(4,650) |
5/7/2020 | Citibank N.A. | 29,531,774 JPY | $275,000 | $(292) |
5/7/2020 | JPMorgan Chase | 60,076,253 JPY | $550,000 | $8,837 |
5/7/2020 | Goldman Sachs | 3,784,101 MXN | $190,000 | $310 |
5/7/2020 | Credit Agricole CIB | 5,656,479 MXN | $300,000 | $(15,524) |
28
Settlement Date | Counterparty | Currency Units to Deliver/Receive | In Exchange For | Unrealized |
5/28/2020 | Bank of America N.A. | 85,000 AUD | $56,169 | $(708) |
5/28/2020 | Barclays Bank PLC Wholesale | 1,070,000 GBP | $1,393,685 | $(18,988) |
5/28/2020 | Bank of America N.A. | 500,000 NOK | $53,281 | $(142) |
5/28/2020 | Barclays Bank PLC Wholesale | 2,075,000 NZD | $1,314,263 | $(16,243) |
5/28/2020 | Bank of America N.A. | 2,217,341 ZAR | $140,000 | $382 |
Contracts Sold: | ||||
3/2/2020 | Barclays Bank PLC Wholesale | 975,600 CHF | $1,000,000 | $(11,194) |
3/3/2020 | Bank of America N.A. | 2,190,202 ZAR | $140,000 | $(398) |
3/6/2020 | JPMorgan Chase | 6,577,000 CHF | $6,729,165 | $(89,276) |
3/6/2020 | Credit Agricole CIB | 20,398,000 EUR | $22,080,203 | $(442,542) |
3/6/2020 | Bank of America N.A. | 1,428,000 GBP | $1,843,352 | $12,283 |
3/6/2020 | State Street Bank & Trust Co. | 51,175,000 SEK | $5,234,398 | $(91,955) |
3/19/2020 | Barclays Bank PLC Wholesale | 1,137,528,000 KRW | $955,432 | $18,607 |
3/19/2020 | Barclays Bank PLC Wholesale | 3,695,146,000 KRW | $3,180,535 | $137,353 |
3/19/2020 | Credit Agricole CIB | 5,017,883,000 KRW | $4,332,185 | $199,646 |
3/19/2020 | Barclays Bank PLC Wholesale | 5,354,600,000 KRW | $4,600,883 | $191,038 |
3/19/2020 | Bank of America N.A. | 5,502,104,000 KRW | $4,739,189 | $207,865 |
3/19/2020 | Morgan Stanley | 9,650,422,000 KRW | $8,330,791 | $383,069 |
3/19/2020 | Barclays Bank PLC Wholesale | 11,079,677,000 KRW | $9,417,570 | $292,768 |
4/21/2020 | JPMorgan Chase | 740,000 EUR | $818,651 | $(672) |
4/21/2020 | JPMorgan Chase | 740,000 EUR | $824,482 | $5,158 |
4/30/2020 | State Street Bank & Trust Co. | 2,381,974 CAD | $1,800,000 | $25,414 |
4/30/2020 | Citibank N.A. | 2,350,000 EUR | $2,617,729 | $14,512 |
4/30/2020 | State Street Bank & Trust Co. | 690,904 GBP | $900,000 | $12,836 |
4/30/2020 | JPMorgan Chase | 2,000,000 GBP | $2,584,151 | $16,024 |
4/30/2020 | JPMorgan Chase | 154,446,740 JPY | $1,400,000 | $(36,207) |
4/30/2020 | State Street Bank & Trust Co. | 30,568,280 MXN | $1,600,000 | $61,001 |
5/7/2020 | Bank of America N.A. | 239,098 AUD | $160,000 | $4,041 |
5/7/2020 | Morgan Stanley | 449,639 CAD | $340,000 | $5,019 |
5/7/2020 | Credit Agricole CIB | 146,748 CHF | $150,000 | $(2,778) |
5/7/2020 | Credit Agricole CIB | 830,095 EUR | $900,000 | $(19,891) |
5/7/2020 | Barclays Bank PLC Wholesale | 246,387 GBP | $320,000 | $3,577 |
5/7/2020 | Morgan Stanley | 60,649,666 JPY | $550,000 | $(14,170) |
5/7/2020 | Goldman Sachs | 5,642,550 MXN | $300,000 | $16,226 |
5/28/2020 | Barclays Bank PLC Wholesale | 964,171 CHF | $1,000,000 | $(5,091) |
NET UNREALIZED APPRECIATION ON FOREIGN EXCHANGE CONTRACTS | $(778,553) |
The average value at settlement date payable and receivable of foreign exchange contracts purchased and sold by the Fund throughout the period was $1,349,980 and $1,033,145, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
29
At February 29, 2020, the Fund had the following outstanding futures contracts:
Description | Number of Contracts | Notional Value | Expiration Date | Value and Unrealized Appreciation (Depreciation) |
1Amsterdam Index Short Futures | 41 | $4,880,054 | March 2020 | $309,876 |
1DAX Index Short Futures | 10 | $3,261,897 | March 2020 | $192,373 |
1Euro Bund Short Futures | 192 | $37,027,018 | June 2020 | $(85,082) |
1FTSE 100 Index Short Futures | 20 | $1,674,103 | March 2020 | $1,786 |
1Hang Seng Index Short Futures | 2 | $335,728 | March 2020 | $(1,378) |
1IBEX 35 Index Short Futures | 30 | $2,879,091 | March 2020 | $65,457 |
1Japan 10-Year Bond Short Futures | 14 | $19,997,960 | March 2020 | $(17,070) |
1MSCI Singapore IX ETS Short Futures | 556 | $13,733,348 | March 2020 | $487,452 |
1MSCI Taiwan Index Short Futures | 26 | $1,094,860 | March 2020 | $707 |
1S&P/TSX 60 IX Short Futures | 95 | $13,747,663 | March 2020 | $1,183,026 |
1SPI 200 Short Futures | 48 | $4,982,811 | March 2020 | $472,536 |
1TOPIX Index Short Futures | 6 | $834,137 | March 2020 | $7,481 |
1Australia 10-Year Bond Long Futures | 62 | $6,046,216 | March 2020 | $67,167 |
1CAC 40 10-Year Euro Long Futures | 88 | $5,155,138 | March 2020 | $(762,188) |
1Canada 10-Year Bond Long Futures | 262 | $27,858,178 | June 2020 | $345,490 |
1DJIA Mini E-CBOT Long Futures | 31 | $3,931,420 | March 2020 | $(194,862) |
1E-Mini Russel 2000 Index Long Futures | 4 | $294,980 | March 2020 | $(11,136) |
1Euro BTP Long Futures | 47 | $7,588,796 | June 2020 | $7,310 |
1Euro STOXX 50 Long Futures | 64 | $2,341,434 | March 2020 | $(115,630) |
1FTSE JSE Top 40 Long Futures | 283 | $8,281,015 | March 2020 | $(373,590) |
1FTSE/MIB Index Long Futures | 39 | $4,741,543 | March 2020 | $(3,870) |
1KOSPI2 Index Long Futures | 91 | $5,017,363 | March 2020 | $(364,760) |
1Long GILT Long Futures | 116 | $20,137,959 | June 2020 | $167,472 |
1MSCI Emerging Market Long Futures | 23 | $1,160,120 | March 2020 | $(13,734) |
1NIKKEI 225 Long Futures | 4 | $781,754 | March 2020 | $(24,515) |
1S&P 500 E-Mini Long Futures | 174 | $25,674,570 | March 2020 | $(1,287,642) |
1United States Treasury Notes 2-Year Long Futures | 61 | $13,318,016 | June 2020 | $63,918 |
1United States Treasury Notes 5-Year Long Futures | 16 | $1,964,000 | June 2020 | $18,831 |
1United States Treasury Notes 10-Year Long Futures | 8 | $1,078,000 | June 2020 | $3,054 |
1United States Treasury Notes 10-Year Ultra Long Futures | 7 | $1,051,531 | June 2020 | $15,703 |
1United States Treasury Ultra Bond Long Futures | 2 | $415,000 | June 2020 | $10,569 |
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $164,751 |
The average notional value of long and short futures contracts held by the Fund throughout the period was $103,613,068 and $101,556,386, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
At February 29, 2020, the Fund had the following outstanding written options contracts:
Counterparty | Description | Notional Amount | Expiration Date | Exercise Price | Value |
Call Options: | |||||
Bank of America Merrill Lynch | USD CALL/ZAR PUT | $140,000 | May 2020 | $15.75 | $(4,597) |
Barclays Bank PLC Wholesale | NZD CALL/USD PUT | $651,900 | March 2020 | $0.64 | $(1,216) |
BNP Paribas | USD CALL/MXN PUT | $140,000 | March 2020 | $18.85 | $(6,119) |
BNP Paribas | USD CALL/MXN PUT | $140,000 | March 2020 | $19.10 | $(4,039) |
Morgan Stanley | USD CALL/MXN PUT | $1,000,000 | May 2020 | $19.90 | $(25,964) |
Put Options: | |||||
Credit Agricole | USD PUT/CHF CALL | $1,000,000 | March 2020 | $0.98 | $(15,402) |
(Premiums Received $23,716) | $(57,337) |
The average market value of written put and call options held by the Fund throughout the period was $(14,987) and $(11,847), respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.
30
The average market value of purchased put and call options held by the Fund throughout the period was $9,406 and $11,271, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.
Net Unrealized Appreciation/Depreciation on Foreign Exchange Contracts, Futures Contracts and the value of Written Options Contracts are included in “Other Assets and Liabilities—Net.”
31
Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended February 29, 2020, were as follows:
Affiliates | Balance of Share Held 11/30/2019 | Purchases/ Additions | Sales/ Reductions |
Emerging Markets Core Fund | 3,951,047 | 46,177 | (907,180) |
Federated Bank Loan Core Fund | 220,646 | 2,665 | (80,103) |
Federated Institutional Prime Value Obligations Fund, Institutional Shares | 3,049,396 | 20,577,093 | (19,008,409) |
Federated Mortgage Core Portfolio | 2,226,677 | 33,660 | (649,344) |
Federated Project and Trade Finance Core Fund | 546,931 | 6,472 | — |
High Yield Bond Portfolio | 566,062 | 52,032 | (187,052) |
TOTAL OF AFFILIATED TRANSACTIONS | 10,560,759 | 20,718,099 | (20,832,088) |
32
Balance of Shares Held 02/29/2020 | Value | Change in Unrealized Appreciation/ Depreciation | Net Realized Gain/ (Loss) | Dividend/ Interest Income |
3,090,044 | $31,147,644 | $666,633 | $(49,712) | $467,885 |
143,208 | $1,383,387 | $(8,400) | $(895) | $26,069 |
4,618,080 | $4,619,927 | $— | $433 | $12,333 |
1,610,993 | $16,158,263 | $248,861 | $6,859 | $136,385 |
553,403 | $4,925,286 | $(43,907) | $— | $57,698 |
431,042 | $2,655,220 | $(122,890) | $97,780 | $51,389 |
10,446,770 | $60,889,727 | $740,297 | $54,465 | $751,759 |
1 | Non-income-producing security. |
2 | Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established by and under the general supervision of the Fund's Board of Trustees (the "Trustees"). |
3 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At February 29, 2020, these restricted securities amounted to $825,144, which represented 0.2% of total net assets. |
Additional information on restricted securities held at February 29, 2020, is as follows:
Security | Acquisition Date | Cost | Market Value |
HK Electric Investments Ltd. | 2/2/2016 | $787,165 | $775,687 |
Phosagro OAO, GDR | 1/3/2019 | $39,183 | $49,457 |
4 | Floating/variable note with current rate and current maturity or next reset date shown. |
5 | 7-day net yield. |
6 | The High Yield Portfolio is a diversified portfolio of below investment grade bonds. |
7 | Assets, other than investments in securities, less liabilities. |
Note: The categories of investments are shown as a percentage of total net assets at February 29, 2020.
Investment Valuation
In calculating its NAV, the Fund generally values investments as follows:
■ | Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market. |
■ | Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Trustees. |
■ | Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs. |
■ | Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations. |
■ | Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees. |
■ | For securities that are fair valued in accordance with procedures established by and under the general supervision of the Trustees, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions. |
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Fund's valuation policies and procedures, or if information furnished by a pricing service, in the opinion of the valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share.
Fair Valuation and Significant Events Procedures
The Trustees have ultimate responsibility for determining the fair value of investments for which market quotations are not readily available. The Trustees have appointed a Valuation Committee comprised of officers of the Fund, Federated Global Investment Management Corp. (the “Adviser”) and certain of the Adviser's affiliated companies to assist in determining fair value and in overseeing the calculation of the NAV. The Trustees have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs,
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methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Trustees. The Trustees periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees.
The Trustees also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:
■ | With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts; |
■ | Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; |
■ | Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry. |
The Trustees have adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Trustees. The Trustees have ultimate responsibility for any fair valuations made in response to a significant event.
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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The following is a summary of the inputs used, as of February 29, 2020, in valuing the Fund's assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Equity Securities: | ||||
Common Stocks | ||||
Domestic | $116,120,902 | $— | $— | $116,120,902 |
International | 15,482,098 | 103,188,612 | 1,447 | 118,672,157 |
Debt Securities: | ||||
Asset-Backed Securities | — | 23,048 | — | 23,048 |
Commercial Mortgage-Backed Security | — | 666,750 | — | 666,750 |
Collateralized Mortgage Obligations | — | 1,476,279 | — | 1,476,279 |
Corporate Bonds | — | 18,954,579 | 26,178 | 18,980,757 |
Mortgage-Backed Securities | — | 79,831 | — | 79,831 |
Foreign Governments/Agencies | — | 29,935,174 | — | 29,935,174 |
U.S. Treasuries | — | 18,569,429 | — | 18,569,429 |
Purchased Call Options | — | 6,391 | — | 6,391 |
Purchased Put Options | — | 30,487 | — | 30,487 |
Investment Companies1 | 55,964,441 | — | — | 60,889,727 |
TOTAL SECURITIES | $187,567,441 | $172,930,580 | $27,625 | $365,450,932 |
Other Financial Instruments | ||||
Assets | ||||
Futures Contracts | $3,420,208 | $— | $— | $3,420,208 |
Foreign Exchange Contracts | — | 1,683,406 | — | 1,683,406 |
Written Option Contracts | — | — | — | — |
Liabilities | ||||
Futures Contracts | (3,255,457) | — | — | (3,255,457) |
Foreign Exchange Contracts | — | (2,461,959) | — | (2,461,959) |
Written Options Contracts | — | (57,337) | — | (57,337) |
TOTAL OTHER FINANCIAL INSTRUMENTS | $164,751 | $(835,890) | $— | $(671,139) |
1 | As permitted by U.S. generally accepted accounting principles (GAAP), an Investment Company valued at $4,925,286 is measured at fair value using the net asset value (NAV) per share practical expedient and has not been categorized in the chart above but is included in the Total column. The price of shares redeemed of Federated Project and Trade Finance Core Fund may be determined as of the closing NAV of the fund up to twenty-four days after receipt of a shareholder redemption request. |
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The following acronyms are used throughout this portfolio:
ADR | —American Depositary Receipt |
AUD | —Australian Dollar |
BKNT | —Bank Notes |
CAD | —Canadian Dollar |
CHF | —Swiss Franc |
EUR | —Euro Currency |
GBP | —British Pound |
GDR | —Global Depository Receipt |
JPY | —Japanese Yen |
KRW | —South Korean Won |
LIBOR | —London Interbank Offered Rate |
MTN | —Medium Term Note |
MXN | —Mexican Peso |
NOK | —Norwegian Krone |
NZD | —New Zealand Dollar |
REIT | —Real Estate Investment Trust |
REMIC | —Real Estate Mortgage Investment Conduit |
SEK | —Swedish Krona |
TRY | —Turkish Lira |
USD | —Unified States Dollar |
ZAR | —South African Rand |
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