Federated Hermes Global Allocation Fund
(formerly, Federated Global Allocation Fund)
Portfolio of Investments
August 31, 2020 (unaudited)
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—63.3% | |||
Communication Services—5.5% | |||
23,384 | AT&T, Inc. | $697,077 | |
17,779 | Activision Blizzard, Inc. | 1,484,902 | |
932 | 1 | Alphabet, Inc., Class A | 1,518,722 |
917 | 1 | Alphabet, Inc., Class C | 1,498,543 |
18,743 | 1 | Altice NV | 83,076 |
48,369 | Auto Trader Group PLC | 364,150 | |
613 | 1 | CarGurus, Inc. | 14,945 |
3,679 | 1 | Central European Media Enterprises Ltd., Class A | 15,250 |
61 | 1 | Charter Communications, Inc. | 37,552 |
587 | Cheil Communications, Inc. | 8,977 | |
20,000 | 1 | China Literature Ltd. | 123,209 |
2,447 | 1 | Cincinnati Bell, Inc. | 36,852 |
552 | 1 | Consolidated Communications Holdings, Inc. | 4,295 |
1,300 | Cyber Agent Ltd. | 69,230 | |
39,560 | Deutsche Telekom AG, Class REG | 694,914 | |
6,738 | 1 | Facebook, Inc. | 1,975,582 |
586 | 1 | Gray Television, Inc. | 9,095 |
424,095 | HKT Trust and HKT Ltd. | 605,527 | |
17,800 | Hakuhodo DY Holdings, Inc. | 220,925 | |
4,472 | Hellenic Telecommunication Organization SA | 73,078 | |
168,318 | ITV PLC | 136,619 | |
644 | 1 | Imax Corp. | 9,898 |
13,500 | Intouch Holdings Public Co. Ltd. | 23,600 | |
21,102 | 1 | Liberty Media Group | 763,470 |
18,571 | 1 | Lions Gate Entertainment Corp. | 180,882 |
1,380 | 1 | Loral Space & Communications Ltd. | 32,527 |
9,515 | 1 | Madison Square Garden Entertainment Corp. | 715,243 |
730 | 1 | MeetMe, Inc. | 4,599 |
13,765 | Mobile Telesystems, ADR | 128,290 | |
148 | NCsoft Corp. | 102,584 | |
662 | NHN Corp. | 178,834 | |
782 | NetEase, Inc., ADR | 380,998 | |
430 | 1 | Netflix, Inc. | 227,711 |
300 | Nintendo Co. Ltd. | 160,471 | |
611 | 1 | Orbcomm, Inc. | 2,450 |
14,157 | Quebecor, Inc., Class B | 351,008 | |
938 | SK Telecom Co. Ltd. | 195,321 | |
1,900 | Square Enix Holdings Co. Ltd. | 125,040 | |
9,416 | 1 | T-Mobile USA, Inc. | 1,098,659 |
6,969 | 1 | Take-Two Interactive Software, Inc. | 1,193,023 |
590 | 1 | TechTarget, Inc. | 23,411 |
289 | Tegna, Inc. | 3,618 | |
194,371 | Telefonica Deutschland Holding AG | 537,584 |
1
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Communication Services—continued | |||
5,921 | Telenet Group Holding NV | $230,132 | |
152,214 | Telia Co AB | 586,493 | |
207,001 | Telstra Corp. Ltd. | 437,839 | |
31,900 | Tencent Holdings Ltd. | 2,173,905 | |
91,402 | Tim Participacoes S.A. | 238,912 | |
3,770 | Verizon Communications, Inc. | 223,448 | |
21,270 | Vivendi SA | 604,635 | |
7,309 | Vodacom Group Ltd. | 55,047 | |
2,663 | 1 | Vonage Holdings Corp. | 30,491 |
88,983 | 1 | Zynga, Inc. | 806,186 |
TOTAL | 21,498,829 | ||
Consumer Discretionary—7.8% | |||
3,500 | ABC-Mart, Inc. | 184,046 | |
35 | 1 | Adtalem Global Education, Inc. | 1,162 |
9,889 | 1 | Alibaba Group Holding Ltd., ADR | 2,838,440 |
1,804 | 1 | Amazon.com, Inc. | 6,225,532 |
250 | 1 | America's Car-Mart, Inc. | 25,125 |
346 | 1 | American Public Education, Inc. | 10,878 |
205 | 1 | Asbury Automotive Group, Inc. | 21,687 |
155,100 | Asset World Corp PCL | 19,660 | |
4,711 | 1 | B2W Companhia Global Do Varejo | 96,387 |
6,986 | Bajaj Holdings & Investment Ltd. | 280,317 | |
3,544 | Berkeley Group Holdings PLC | 215,872 | |
331 | Big Lots, Inc. | 15,607 | |
216 | Bluegreen Vacations Corp. | 1,201 | |
483 | 1 | Boot Barn Holdings, Inc. | 13,635 |
125 | Brinker International, Inc. | 5,630 | |
5,793 | Burberry Group PLC | 112,587 | |
5,828 | Canadian Tire Corp. Ltd. | 609,676 | |
1,390 | Carriage Services, Inc. | 30,775 | |
14,500 | Casio Computer Co. Ltd. | 232,902 | |
28 | 1 | Cavco Industries, Inc. | 5,345 |
868 | 1 | CROCs, Inc. | 34,642 |
15,982 | D. R. Horton, Inc. | 1,140,635 | |
347 | 1 | Deckers Outdoor Corp. | 70,743 |
2,110 | 1 | Denny's Corp. | 24,181 |
528 | Dine Brands Global, Inc. | 31,448 | |
558 | Dollar General Corp. | 112,649 | |
14,003 | Dollarama, Inc. | 546,657 | |
9,286 | eBay, Inc. | 508,687 | |
70,144 | Extended Stay America, Inc. | 876,099 | |
31,000 | Formosa Taffeta Co. | 33,392 | |
102 | 1 | GAN, Ltd. | 2,096 |
860 | 1 | GSX Techedu, Inc., ADR | 73,444 |
17,172 | Gentex Corp. | 464,503 | |
69 | 1 | Gentherm, Inc. | 3,121 |
1,706,000 | 1 | Gome Electrical Appliances Holdings Ltd. | 243,955 |
296 | Group 1 Automotive, Inc. | 25,586 | |
142 | 1 | Helen of Troy Ltd. | 29,368 |
2
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
9,409 | Hennes & Mauritz AB, Class B | $150,243 | |
6,693 | Home Depot, Inc. | 1,907,773 | |
152,400 | Home Product Center Public Co.Ltd. | 72,731 | |
8,600 | Honda Motor Co., Ltd. | 219,697 | |
309 | Hyundai Mobis | 57,944 | |
11,300 | Iida Group Holdings Co. Ltd. | 220,237 | |
12,604 | Industria de Diseno Textil SA | 353,974 | |
12,483 | JD Sports Fashion PLC | 121,112 | |
951 | 1 | JD.com, Inc., ADR | 74,787 |
429 | Jack in the Box, Inc. | 35,345 | |
174 | Johnson Outdoors, Inc., Class A | 14,913 | |
5,275 | Jubilant Foodworks Ltd. | 149,838 | |
5,812 | Kangwon Land, Inc. | 100,646 | |
6,400 | Koito Manufacturing Co. Ltd. | 309,508 | |
496 | LCI Industries | 56,360 | |
526 | La-Z-Boy, Inc. | 17,095 | |
2,009 | 1 | Laureate Education, Inc. | 25,153 |
612 | Lennar Corp., Class A | 45,790 | |
43,000 | Li Ning Co. Ltd. | 181,013 | |
5,625 | Lowe's Cos., Inc. | 926,381 | |
178 | M.D.C. Holdings, Inc. | 7,722 | |
13,888 | Magna International, Inc. | 676,326 | |
3,191 | 1 | Magnite, Inc. | 23,454 |
528 | Marine Products Corp. | 7,630 | |
637 | Marriott Vacations Worldwide Corp. | 60,305 | |
200 | McDonald's Holdings Co. (Japan), Ltd. | 9,806 | |
20,800 | 1,2 | Meituan Dianping | 683,646 |
399 | 1 | Meritage Corp. | 38,316 |
1,817 | Michelin, Class B | 205,007 | |
12,400 | Mitsubishi Motors Corp. | 29,714 | |
155 | 1 | Murphy USA, Inc. | 20,903 |
69 | 1 | NVR, Inc. | 287,615 |
1,178 | Naspers Ltd., Class N | 214,426 | |
5,861 | Next PLC | 473,059 | |
13,000 | Nikon Corp. | 101,709 | |
903 | ODP Corp./The | 21,112 | |
2,300 | Pan Pacific International Holdings Corp. | 54,116 | |
54,600 | Panasonic Corp. | 502,301 | |
853 | 1 | Perdoceo Education Corp. | 12,258 |
2,702 | Persimmon PLC | 94,556 | |
40,208 | Petrobras Distribuidora SA | 156,619 | |
32,681 | Peugeot SA | 560,798 | |
974 | 1 | Purple Innovation, Inc. | 18,418 |
179 | 1 | RH | 59,168 |
887 | Rent-A-Center, Inc. | 27,231 | |
700 | Rinnai Corp. | 64,629 | |
744 | 1 | SeaWorld Entertainment, Inc. | 15,178 |
13,700 | Sega Sammy Holdings, Inc. | 158,658 | |
24,500 | Sekisui House Ltd. | 483,477 |
3
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
7,101 | 1 | ServiceMaster Global Holdings, Inc. | $283,330 |
4,500 | Shimamura Co. Ltd. | 370,852 | |
157 | Shoe Carnival, Inc. | 5,162 | |
1,010 | 1 | Signet Jewelers Ltd. | 17,443 |
99 | Sonic Automotive, Inc. | 4,184 | |
628 | Standard Motor Products, Inc. | 28,536 | |
13,200 | Stanley Electric Co. Ltd. | 377,870 | |
5,400 | Subaru Corp. | 111,783 | |
6,100 | Suzuki Motor Corp. | 249,314 | |
7,235 | Swatch Group AG/The | 285,081 | |
2,360 | 1 | Tesla, Inc. | 1,176,035 |
25,014 | The Wendy's Co. | 523,793 | |
169 | 1 | TopBuild Corp. | 25,992 |
5,400 | Toyoda Gosei Co. Ltd. | 117,619 | |
2,200 | Toyota Motor Corp. | 145,396 | |
534 | Twin River Worldwide Holdings, Inc. | 12,779 | |
14,015 | 1 | Vipshop Holdings Ltd., ADR | 231,388 |
281 | Volkswagen AG | 50,433 | |
354 | 1 | WW International, Inc. | 8,312 |
2,076 | Wyndham Destinations, Inc. | 60,183 | |
74,100 | Yamada Denki Co. Ltd. | 397,307 | |
2,355 | Yum China Holding, Inc. | 135,907 | |
1,312 | Yum! Brands, Inc. | 125,755 | |
1,000 | ZOZO, Inc. | 28,107 | |
36,000 | Zhongsheng Group Holdings | 223,608 | |
197 | 1 | Zumiez, Inc. | 5,059 |
TOTAL | 30,277,595 | ||
Consumer Staples—5.3% | |||
4,076 | Alimentation Couche-Tard, Inc., Class B | 133,028 | |
62,400 | Asiatic Development Berhad | 148,972 | |
1,733 | 1 | Avenue Supermarts Ltd. | 52,842 |
14,465 | BIM Birlesik Magazalar AS | 133,531 | |
908 | 1 | BJ's Wholesale Club Holdings, Inc. | 40,324 |
3,679 | 1 | Beyond Meat, Inc. | 499,792 |
295 | Bid Corp. Ltd. | 4,868 | |
834 | Britannia Industries | 42,126 | |
374 | Calavo Growers, Inc. | 23,738 | |
1,500 | Calbee, Inc. | 46,810 | |
1,700 | Carlsberg A/S, Class B | 238,633 | |
82,000 | Charoen Pokphand Foods Public Co.,Ltd. | 85,350 | |
10,158 | Clicks Group, Ltd. | 137,557 | |
313 | Clorox Co. | 69,956 | |
27,151 | Coca-Cola Amatil Ltd. | 180,965 | |
61 | Coca-Cola Bottling Co. | 16,671 | |
600 | Cosmos Pharmaceutical Corp. | 105,579 | |
1,367 | Costco Wholesale Corp. | 475,251 | |
54,515 | Davide Campari-Milano NV | 560,483 | |
683 | 1 | Edgewell Personal Care Co. | 19,609 |
2,609 | Empire Co. Ltd., Class A | 67,908 |
4
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
1,461 | Essity Aktiebolag | $50,292 | |
13,700 | Fraser & Neave Holdings Bhd | 101,033 | |
7,384 | George Weston Ltd. | 533,441 | |
5,919 | 1 | Herbalife Ltd. | 290,919 |
5,024 | Hindustan Lever Ltd. | 143,796 | |
49,023 | ITC Ltd. | 126,999 | |
8,435 | Imperial Brands PLC | 141,960 | |
60,300 | Indofood CBP Sukses Makmur TBK PT | 42,324 | |
361 | Ingles Markets, Inc., Class A | 14,584 | |
44,244 | JBS S.A. | 181,224 | |
917 | Kimberly-Clark Corp. | 144,666 | |
87,141 | Kimberly-Clark de Mexico | 139,023 | |
200 | Kobayashi Pharmaceutical Co. Ltd. | 17,802 | |
112 | Korea Tobacco & Ginseng Corp. | 7,819 | |
43,704 | Kraft Heinz Co./The | 1,531,388 | |
2,227 | Kroger Co. | 79,459 | |
3,254 | L'Oreal SA | 1,076,447 | |
11,400 | Lion Corp. | 242,822 | |
12,680 | Loblaw Cos. Ltd. | 655,314 | |
49,637 | 1 | Marico Ltd. | 248,142 |
7,427 | Metro, Inc., Class A | 335,492 | |
1,800 | NH Foods Ltd. | 81,469 | |
1,101 | Nestle India Ltd. | 239,128 | |
13,721 | Nestle S.A. | 1,648,743 | |
6,521 | Nu Skin Enterprises, Inc., Class A | 308,248 | |
58,800 | Osotspa PCL | 73,549 | |
43,000 | PT Gudang Garam Tbk | 140,294 | |
52,200 | PT Indofood Sukses Makmur | 27,301 | |
3,600 | Perlis Plantations Bhd | 15,555 | |
8,643 | Pick'n Pay Stores Ltd. | 21,251 | |
38,902 | 1 | Pilgrim's Pride Corp. | 622,432 |
4,700 | Pola Orbis Holdings, Inc. | 85,012 | |
6,811 | Procter & Gamble Co. | 942,166 | |
22,300 | Puregold Price Club, Inc. | 24,776 | |
7,249 | 1 | Raia Drogasil S.A. | 142,638 |
756 | 1 | Rite Aid Corp. | 9,843 |
61 | Sanderson Farms, Inc. | 7,135 | |
215 | Sanfilippo (John B. & Sons), Inc. | 17,123 | |
6,200 | Seven & I Holdings Co. Ltd. | 200,592 | |
5,399 | Spectrum Brands Holdings, Inc. | 321,780 | |
4,900 | Sundrug Co. Ltd. | 182,403 | |
4,500 | Suntory Beverage and Food Ltd. | 173,407 | |
20,000 | Tingyi (Cayman Isln) Hldg Co. | 37,484 | |
3,700 | Toyo Suisan Kaisha Ltd. | 210,084 | |
6,246 | 1 | TreeHouse Foods, Inc. | 267,391 |
600 | Tsuruha Holdings, Inc. | 80,119 | |
14,121 | Tyson Foods, Inc., Class A | 886,799 | |
135 | 1 | USANA Health Sciences, Inc. | 10,585 |
44,000 | Uni-President China Holdings Ltd. | 40,073 |
5
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
8,858 | Unilever N.V. | $513,754 | |
16,207 | Unilever PLC | 969,829 | |
330 | Universal Corp. | 14,325 | |
5,487 | Vector Group Ltd. | 55,254 | |
53,000 | Vinda International Holdings Ltd. | 180,847 | |
53 | WD 40 Co. | 10,832 | |
121,312 | Wal-Mart de Mexico SAB de C.V. | 290,501 | |
8,111 | WalMart, Inc. | 1,126,212 | |
4,800 | Welcia Holdings Co., Ltd. | 205,524 | |
20,093 | Woolworth's Ltd. | 587,098 | |
2,100 | Yakult Honsha Co. Ltd. | 119,867 | |
28,300 | Yamazaki Baking Co. Ltd. | 460,974 | |
5,000 | Yihai International Holding Ltd. | 78,808 | |
TOTAL | 20,620,144 | ||
Energy—1.3% | |||
1,175 | CVR Energy, Inc. | 19,611 | |
468 | Cactus, Inc. | 10,338 | |
15,300 | Chevron Corp. | 1,284,129 | |
66,000 | China Oilfield Services Ltd. | 51,548 | |
22,836 | Coal India Ltd. | 41,562 | |
10,622 | Devon Energy Corp. | 115,461 | |
1,898 | Exxaro Resources Ltd. | 15,359 | |
1,880 | 1 | Frank's International N.V. | 4,343 |
353 | 1 | Green Plains, Inc. | 4,723 |
25,995 | Imperial Oil Ltd. | 428,683 | |
8,844 | National Oilwell Varco, Inc. | 106,128 | |
6,907 | Neste Oyj | 368,876 | |
4,747 | 1 | Nextier Oilfield Solutions, Inc. | 11,962 |
861 | OMV AG | 28,044 | |
3,778 | Ovintiv, Inc. | 41,860 | |
14,700 | PTT Exploration and Production Public Co. | 41,795 | |
194,400 | PTT Public Co. Ltd. | 223,734 | |
71,328 | Petronet LNG Ltd. | 231,920 | |
11,910 | Phillips 66 | 696,378 | |
3,645 | 1 | Propetro Holding Corp. | 22,891 |
7,131 | Reliance Industries Ltd. | 199,987 | |
1,863 | 1 | Select Energy Services, Inc. | 8,886 |
18,807 | Total SE | 744,116 | |
290 | Tupras Turkiye Petrol Rafinerileri A.S. | 3,154 | |
9,042 | Valero Energy Corp. | 475,519 | |
1,615 | World Fuel Services Corp. | 42,636 | |
TOTAL | 5,223,643 | ||
Financials—8.7% | |||
1,405 | 1st Source Corp. | 48,402 | |
15,824 | 3i Group PLC | 198,413 | |
11,106 | AXA SA | 226,730 | |
12,817 | Admiral Group PLC | 451,583 | |
15,757 | Aflac, Inc. | 572,294 | |
5,554 | Allianz SE | 1,202,857 |
6
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
7,672 | Ally Financial, Inc. | $175,535 | |
367 | Altabancorp | 7,568 | |
628 | Amalgamated Bank | 7,392 | |
1,690 | American Equity Investment Life Holding Co. | 40,408 | |
3,965 | Ameriprise Financial, Inc. | 621,712 | |
28,600 | Aozora Bank Ltd. | 511,261 | |
1,607 | Artisan Partners Asset Management, Inc. | 62,207 | |
722 | 1 | AssetMark Financial Holdings, Inc. | 17,436 |
29,703 | Australia & New Zealand Banking Group, Melbourne | 392,720 | |
32,940 | BB Seguridade Participacoes SA | 158,612 | |
34,588 | BS Financial Group, Inc. | 147,259 | |
33,468 | B3 SA - Brasil Bolsa Balcao | 359,208 | |
1,033,375 | Banco de Chile | 86,379 | |
98,590 | Banco de Oro | 174,608 | |
2,158,508 | Banco Santander Chile SA | 83,010 | |
14,272 | Bank Hapoalim BM | 86,361 | |
44,753 | Bank Leumi Le-Israel | 228,991 | |
60,847 | Bank of America Corp. | 1,566,202 | |
402 | Bank of Marin Bancorp | 12,796 | |
30,936 | Bank of New York Mellon Corp. | 1,144,013 | |
620 | Bank Pekao SA | 8,776 | |
354 | Bank Zachodni WBK S.A. | 14,506 | |
37 | 1 | Berkshire Hathaway, Inc., Class B | 8,067 |
793 | 1 | Brighthouse Financial, Inc. | 24,076 |
1,532 | Brightsphere Investment Group, Inc. | 21,234 | |
41,490 | CI Financial Corp. | 589,102 | |
136 | CNA Financial Corp. | 4,375 | |
17,753 | CNP Assurances | 237,467 | |
163 | Camden National Corp. | 5,323 | |
179 | 1 | Cannae Holdings, Inc. | 6,754 |
1,066 | Cathay Bancorp, Inc. | 26,320 | |
228,987 | Chang Hwa Bank | 142,013 | |
263,000 | China Construction Bank Corp. | 185,243 | |
713,000 | China Everbright Bank Co. Ltd. | 255,073 | |
262,000 | China Galaxy Securities Co. | 156,420 | |
22,800 | China International Capital Corp. Ltd. | 53,970 | |
158,000 | China Life Insurance Co. Ltd. | 380,078 | |
71,000 | China Merchants Bank Co. Ltd. | 337,576 | |
111,000 | China Minsheng Banking Corp. Ltd. | 67,480 | |
344 | City Holding Co. | 22,009 | |
362 | Cohen & Steers, Inc. | 21,901 | |
35,300 | Concordia Financial Group Ltd. | 116,058 | |
16,200 | DBS Group Holdings Ltd. | 248,017 | |
17,349 | DNB Bank ASA | 277,620 | |
4,344 | Deutsche Boerse AG | 821,127 | |
6,493 | Discover Financial Services | 344,648 | |
1,475 | Dongbu Insurance Co. Ltd. | 54,207 | |
13,815 | E*Trade Financial Corp. | 747,392 | |
345,175 | E.Sun Financial Holding Co. Ltd. | 319,503 |
7
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
627 | Eagle Bancorp, Inc. | $18,045 | |
604 | Employers Holdings, Inc. | 19,678 | |
2,398 | 1 | Enova International, Inc. | 40,958 |
1,696 | Erste Group Bank AG | 41,208 | |
1,100 | Essent Group Ltd. | 39,270 | |
7,989 | Exor NV | 470,549 | |
1,169 | FB Financial Corp. | 31,563 | |
110,000 | Far East Horizon | 97,245 | |
826 | Farmers National Banc Corp. | 9,631 | |
3,180 | First BanCorp | 18,221 | |
480 | First Bancorp, Inc. | 9,816 | |
1,827 | First Financial Bankshares, Inc. | 55,312 | |
46,502 | FirstRand Ltd. | 103,497 | |
9,282 | Gjensidige Forsikring ASA | 197,566 | |
3,321 | Goldman Sachs Group, Inc. | 680,373 | |
1,003 | Great-West Lifeco, Inc. | 20,462 | |
700 | Hang Seng Bank Ltd. | 10,969 | |
2,932 | Hannover Rueckversicherung SE | 499,305 | |
16,017 | Hargreaves Lansdown PLC | 346,104 | |
105 | HomeStreet, Inc. | 2,874 | |
9,900 | Hong Kong Exchanges & Clearing Ltd. | 497,679 | |
540 | Houlihan Lokey, Inc. | 31,644 | |
137,283 | Hua Nan Financial Holdings Co. Ltd. | 84,362 | |
6,816 | Hyundai Marine & Fire Insurance Co. | 126,422 | |
14,100 | ICICI Lombard General Insurance Co. Ltd. | 239,395 | |
17,123 | IGM Financial, Inc. | 417,852 | |
5,279 | iA Financial Corp., Inc. | 190,017 | |
4,208 | Intact Financial Corp. | 450,722 | |
690 | International Bancshares Corp. | 21,790 | |
4,441 | Investors Bancorp, Inc. | 34,418 | |
39,414 | Israel Discount Bank | 126,121 | |
9,496 | JPMorgan Chase & Co. | 951,404 | |
3,642 | KB Financial Group, Inc. | 112,754 | |
1,543 | Korea Investment Holdings Co. Ltd. | 79,132 | |
9,907 | LG Investment & Securities Co. Ltd. | 74,373 | |
2,265 | LPL Investment Holdings, Inc. | 186,092 | |
77,023 | Legal & General Group PLC | 226,256 | |
3,868 | London Stock Exchange Group PLC | 455,008 | |
592 | Luther Burbank Corp. | 5,500 | |
92,464 | MMI Holdings Ltd. | 82,670 | |
89,842 | Medibank Private Ltd. | 179,541 | |
368 | Meta Financial Group, Inc. | 7,095 | |
22,137 | MetLife, Inc. | 851,389 | |
3,782 | Mizrahi Tefahot Bank Ltd. | 76,957 | |
21,090 | Morgan Stanley | 1,102,163 | |
1,174 | 1 | Mr. Cooper Group, Inc. | 21,514 |
3,092 | Muenchener Rueckversicherungs-Gesellschaft AG | 888,194 | |
1,594 | 1 | NMI Holdings, Inc. | 27,337 |
926 | National General Holdings Corp. | 31,530 |
8
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
12,200 | New China Life Insurance Co. Ltd. | $48,486 | |
42,824 | Nordea Bank Abp | 345,156 | |
12,100 | ORIX Corp. | 149,389 | |
1,733 | OTP Bank RT | 58,301 | |
940 | Onex Corp. | 45,640 | |
639 | 1 | Oportun Financial Corp. | 8,019 |
13,100 | Oversea-Chinese Banking Corp. Ltd. | 83,344 | |
200,000 | PICC Property and Casualty Co., Ltd., Class H | 153,944 | |
402 | PJT Partners, Inc. | 23,790 | |
6,194 | PNC Financial Services Group | 688,773 | |
149,100 | PT Bank Central Asia | 321,010 | |
16,400 | PT Bank Rakyat Indonesia Tbk | 3,938 | |
694,000 | People's Insurance, Co. (Group) of China Ltd. | 226,003 | |
10,500 | Ping An Insurance (Group) Co. of China Ltd. | 111,258 | |
399,000 | Postal Savings Bank of China Co. Ltd. | 188,521 | |
21,857 | Powszechna Kasa Oszczednosci Bank Polski SA | 127,597 | |
1,855 | Powszechny Zaklad Ubezpieczen SA | 13,663 | |
283 | Preferred Bank Los Angeles, CA | 10,584 | |
1,070 | Principal Financial Group, Inc. | 45,058 | |
331 | 1 | ProSight Global, Inc. | 3,138 |
1,159 | QCR Holdings, Inc. | 34,735 | |
2,485 | Radian Group, Inc. | 38,368 | |
177 | Republic Bancorp, Inc. | 5,445 | |
1,172 | Samsung Fire & Marine Insurance | 183,978 | |
3,432 | Samsung Life Insurance Co., Ltd. | 176,022 | |
10,549 | Scor SA | 282,544 | |
1,132 | Selective Insurance Group, Inc. | 67,705 | |
164 | ServisFirst Bancshares, Inc. | 6,011 | |
11,914 | Shinhan Financial Group Co. Ltd. | 296,632 | |
1,703 | Simmons 1st National Corp., Class A | 29,070 | |
13,800 | Singapore Exchange Ltd. | 87,049 | |
24,938 | Standard Bank Group Ltd. | 154,790 | |
151 | Stifel Financial Corp. | 7,657 | |
10,920 | Sun Life Financial Services of Canada | 455,771 | |
38,172 | Suncorp Group Ltd. | 257,307 | |
17,157 | Swedbank AB | 291,056 | |
6,721 | Swiss Re AG | 539,796 | |
7,992 | Synchrony Financial | 198,282 | |
4,120 | TRYG A/S | 126,401 | |
717,255 | Taiwan Business Bank | 244,175 | |
404,173 | Taiwan Cooperative Financial Holding Co. Ltd. | 275,743 | |
1,313 | The Bank of NT Butterfield & Son Ltd. | 33,088 | |
694 | The First of Long Island Corp. | 10,663 | |
7,820 | The Travelers Cos., Inc. | 907,433 | |
780 | United Community Banks, Inc. | 14,134 | |
27,300 | United Overseas Bank Ltd. | 391,850 | |
2,073 | VOYA Financial, Inc. | 107,609 | |
132 | Virtus Investment Partners, Inc. | 18,731 | |
164 | Walker & Dunlop, Inc. | 8,984 |
9
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
1,149 | Washington Federal, Inc. | $26,944 | |
178 | 1 | Watford Holdings Ltd. | 2,848 |
27,972 | Wells Fargo & Co. | 675,524 | |
3,195 | Wendel SA | 327,988 | |
498,160 | Yuanta Financial Holding Co. Ltd. | 311,443 | |
249 | Zurich Insurance Group AG | 92,126 | |
TOTAL | 33,715,783 | ||
Health Care—7.2% | |||
595 | 1 | AMN Healthcare Services, Inc. | 32,035 |
9,856 | 1,3 | Achillion Pharmaceuticals, Inc. | 4,534 |
127 | 1 | Addus Homecare Corp. | 11,895 |
1,833 | 1 | Akcea Therapeutics, Inc. | 33,507 |
15,200 | Alfresa Holdings Corp. | 304,930 | |
48,000 | 1 | Alibaba Health Information Technology Ltd. | 115,353 |
7,344 | AmerisourceBergen Corp. | 712,588 | |
10,666 | 1 | Amneal Pharmaceuticals, Inc. | 43,837 |
201 | 1 | Amphastar Pharmaceuticals, Inc. | 4,096 |
2,714 | Anthem, Inc. | 764,045 | |
2,946 | 1 | Antigenics, Inc. | 12,830 |
1,709 | 1 | Arcus Biosciences, Inc. | 40,674 |
2,011 | AstraZeneca PLC | 224,072 | |
10,363 | Baxter International, Inc. | 902,306 | |
1,708 | 1 | Bio-Rad Laboratories, Inc., Class A | 868,672 |
1,646 | 1 | BioDelivery Sciences International, Inc. | 6,436 |
3,766 | 1 | BioMarin Pharmaceutical, Inc. | 293,861 |
766 | CIGNA Corp. | 135,865 | |
158 | CONMED Corp. | 13,637 | |
7,788 | CVS Health Corp. | 483,791 | |
3,661 | 1 | Calithera Biosciences, Inc. | 14,754 |
1,600 | 1 | CanSino Biologics, Inc. | 33,711 |
237 | 1 | Cardiovascular Systems, Inc. | 7,743 |
4,832 | 1 | Catalyst Pharmaceutical Partners, Inc. | 15,849 |
469 | 1 | Celltrion, Inc. | 117,273 |
795 | 1 | Clovis Oncology, Inc. | 4,142 |
540 | 1 | Co-Diagnostics, Inc. | 5,886 |
1,595 | Coloplast A.S., Class B | 270,566 | |
672 | 1 | Corvel Corp. | 55,789 |
4,362 | 1 | Cytomx Therapeutics, Inc. | 31,843 |
12 | 1 | Davita, Inc. | 1,041 |
1,507 | DiaSorin | 272,420 | |
1,820 | Dr. Reddy's Laboratories Ltd. | 104,888 | |
4,000 | Eisai Co. Ltd. | 349,053 | |
8,167 | Eli Lilly & Co. | 1,211,901 | |
348 | Ensign Group, Inc. | 20,372 | |
20,176 | 1 | Exelixis, Inc. | 448,311 |
2,421 | Fresenius Medical Care AG & Co. KGaA | 204,964 | |
1,305 | 1 | G1 Therapeutics, Inc. | 20,032 |
158 | 1 | Genmab A/S | 59,658 |
10,531 | 1 | Geron Corp. | 21,589 |
10
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
47,674 | GlaxoSmithKline PLC | $938,148 | |
3,726 | HCA Healthcare, Inc. | 505,693 | |
340 | 1 | HMS Holdings Corp. | 9,483 |
1,252 | 1 | Halozyme Therapeutics, Inc. | 36,302 |
44,000 | 1 | Hansoh Pharmaceutical Group Co. Ltd. | 207,917 |
2,500 | Hisamitsu Pharmaceutical Co., Inc. | 115,231 | |
2,454 | Humana, Inc. | 1,018,827 | |
1,060 | 1 | IDEAYA Biosciences, Inc. | 12,826 |
4,228 | 1 | IVERIC Bio, Inc. | 18,984 |
11,271 | 1 | Immunogen, Inc. | 41,703 |
1,007 | 1 | Immunovant, Inc. | 34,198 |
8,515 | 1 | Incyte Genomics, Inc. | 820,420 |
210 | 1 | Integer Holdings Corp. | 14,545 |
7,691 | 1 | Ionis Pharmaceuticals, Inc. | 419,159 |
4,809 | Johnson & Johnson | 737,749 | |
2,286 | Koninklijke Philips NV | 108,099 | |
374 | 1 | LHC Group, Inc. | 77,957 |
2,080 | 1 | Lantheus Holdings, Inc. | 27,914 |
32,595 | Life Healthcare Group Holdings Pte Ltd. | 31,842 | |
421 | 1 | MacroGenics, Inc. | 12,184 |
520 | 1 | Magellan Health, Inc. | 39,239 |
4,268 | 1 | Magenta Therapeutics, Inc. | 31,028 |
5,660 | McKesson Corp. | 868,470 | |
23,000 | Medipal Holdings Corp. | 439,277 | |
474 | 1 | Medpace Holdings, Inc. | 61,520 |
24,039 | Merck & Co., Inc. | 2,049,806 | |
1,474 | 1 | Mersana Therapeutics, Inc. | 28,242 |
2,430 | 1 | NGM Biopharmaceuticals, Inc. | 45,319 |
547 | 1 | Natus Medical, Inc. | 9,933 |
301 | 1 | NextGen Healthcare, Inc. | 3,991 |
18,896 | Novartis AG | 1,628,818 | |
12,418 | Novo Nordisk A/S | 821,033 | |
408 | 1 | Odonate Therapeutics, Inc. | 6,589 |
392 | 1 | Omnicell, Inc. | 26,139 |
11,365 | 1 | Opko Health, Inc. | 36,823 |
91 | 1 | OraSure Technologies, Inc. | 1,066 |
5,771 | 1 | Organogenesis Holdings, Inc. | 24,844 |
2,389 | Orion Oyj | 112,110 | |
151 | 1 | Orthofix Medical, Inc. | 4,581 |
3,331 | 1 | Osmotica Pharmaceuticals PLC | 19,786 |
1,825 | 1 | Ovid Therapeutics, Inc. | 10,475 |
158 | Patterson Cos., Inc. | 4,584 | |
326 | 1 | PetIQ, Inc. | 11,469 |
230 | 1 | Precigen, Inc. | 1,391 |
4,597 | 1 | Precision Biosciences, Inc. | 25,927 |
6,885 | 1,3 | Progenics Pharmaceuticals, Inc. | 0 |
332 | 1 | Progyny, Inc. | 9,479 |
303 | 1 | Providence Service Corp. | 28,055 |
14,608 | 1 | Qiagen NV | 742,129 |
11
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
507 | 1 | R1 RCM, Inc. | $7,351 |
2,177 | Recordati SPA | 118,592 | |
1,618 | 1 | Regeneron Pharmaceuticals, Inc. | 1,003,047 |
1,384 | 1 | Retrophin, Inc. | 27,113 |
3,396 | Roche Holding AG | 1,186,827 | |
3,632 | 1 | Rubius Therapeutics, Inc. | 17,488 |
106 | 1 | Samsung Biologics Co. Ltd. | 69,198 |
7,046 | Sanofi | 713,545 | |
18,500 | Shanghai Fosun Pharmaceutical Co. Ltd. | 77,923 | |
6,588 | 1 | Siga Technologies, Inc. | 45,787 |
280 | Simulations Plus, Inc. | 16,682 | |
26,400 | Sinopharm Group Co. Ltd. | 64,736 | |
9,255 | 1 | Spectrum Pharmaceuticals, Inc. | 38,964 |
298 | 1 | SurModics, Inc. | 13,484 |
3,900 | Suzuken Co. Ltd. | 144,742 | |
227 | 1 | Tactile Systems Technology, Inc. | 8,724 |
1,915 | 1 | Teva Pharmaceutical Industries Ltd., ADR | 18,901 |
14,100 | Top Glove Corp. Bhd | 89,312 | |
471 | 1 | Triple-S Management Corp., Class B | 8,761 |
3,282 | UCB SA | 389,284 | |
1,537 | 1 | UNITY Biotechnology, Inc. | 4,826 |
7,614 | UnitedHealth Group, Inc. | 2,379,756 | |
4,133 | 1 | Vanda Pharmaceuticals, Inc. | 42,529 |
3,771 | 1 | Vertex Pharmaceuticals, Inc. | 1,052,561 |
602 | 1 | Viemed Healthcare, Inc. | 6,544 |
563 | 1 | Zynex, Inc. | 8,332 |
TOTAL | 28,117,062 | ||
Industrials—7.4% | |||
5,250 | A-Living Services Co. Ltd. | 27,018 | |
78,441 | ADT, Inc. | 835,397 | |
700 | AZZ, Inc. | 24,311 | |
985 | Acuity Brands, Inc. | 107,651 | |
11,776 | Adecco Group AG | 615,138 | |
6 | 1 | Air Transport Services Group, Inc. | 153 |
189 | Albany International Corp., Class A | 9,809 | |
8,144 | Alfa Laval AB | 198,889 | |
57,384 | Alfa, S.A. de C.V., Class A | 36,924 | |
116 | Allegiant Travel Co. | 14,918 | |
6,197 | Alstom SA | 345,284 | |
59 | 1 | American Woodmark Corp. | 5,163 |
379 | Andritz AG | 12,675 | |
147 | Apogee Enterprises, Inc. | 3,077 | |
646 | Applied Industrial Technologies, Inc. | 38,896 | |
69 | Arcosa, Inc. | 3,194 | |
13,478 | Ashtead Group PLC | 469,335 | |
1,069 | Astec Industries, Inc. | 56,358 | |
103,791 | Aurizon Holdings Ltd. | 329,606 | |
250 | 1 | BMC Stock Holdings, Inc. | 9,980 |
22,000 | BOC Aviation Ltd. | 162,115 |
12
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
123,700 | BTS Group Holdings PCL | $41,220 | |
8,448 | Bouygues SA | 334,931 | |
925 | 1 | Builders Firstsource, Inc. | 28,324 |
6,910 | Bunzl PLC | 223,719 | |
9,500 | CK Hutchison Holdings Ltd. | 61,655 | |
529 | CSW Industrials, Inc. | 38,220 | |
746 | Caesarstone Ltd. | 8,232 | |
13,919 | Carrier Global Corp. | 415,482 | |
258,000 | 1 | China COSCO Holdings Co. Ltd., Class H | 129,261 |
36,000 | China Lesso Group Holdings Ltd. | 66,985 | |
200,500 | China Railway Construction Corp. Ltd. | 153,151 | |
390,000 | China Railway Group Ltd. | 199,926 | |
314 | 1 | Cimpress PLC | 29,108 |
502 | Comfort Systems USA, Inc. | 25,436 | |
12,000 | Country Garden Services Holdings Co. Ltd. | 83,481 | |
9,898 | Crane Co. | 559,633 | |
2,310 | DSV Panalpina A/S | 360,698 | |
1,500 | Daifuku Co. | 131,728 | |
86 | Dassault Aviation SA | 78,203 | |
8,663 | 1 | Delta Air Lines, Inc. | 267,254 |
1,270 | Deluxe Corp. | 36,068 | |
464 | Dover Corp. | 50,966 | |
518 | Emcor Group, Inc. | 38,855 | |
649 | Encore Wire Corp. | 33,495 | |
13,202 | Experian PLC | 492,373 | |
328 | Exponent, Inc. | 26,389 | |
6,570 | Ferguson PLC | 647,793 | |
6,166 | Fortive Corp. | 444,630 | |
1,003 | 1 | Foundation Building Materials, Inc. | 16,279 |
261 | 1 | GMS, Inc. | 6,914 |
700 | GT Capital Holdings, Inc. | 5,743 | |
39,600 | Gamuda BHD | 32,285 | |
1,152 | 1 | Generac Holdings, Inc. | 218,857 |
9,535 | Genivar Income Fund | 646,876 | |
17,982 | Grupo Aeroportuario del Pacifico SA, Class B | 139,849 | |
8,011 | HEICO Corp., Class A | 716,023 | |
24,100 | Hino Motors Ltd. | 160,311 | |
4,773 | Hochtief AG | 423,726 | |
1,000 | Hoshizaki Electric Co., Ltd. | 76,376 | |
382 | 1 | Hub Group, Inc. | 20,567 |
561 | Insperity, Inc. | 37,795 | |
569 | Insteel Industries, Inc. | 10,492 | |
6,964 | Intertek Group PLC | 547,004 | |
1,251 | 1 | JELD-WEN Holding, Inc. | 26,334 |
16,890 | JG Summit Holdings, Inc. | 22,368 | |
12,300 | JGC Holdings Corp. | 135,368 | |
554 | KForce Com, Inc. | 19,024 | |
3,384 | Kansas City Southern Industries, Inc. | 616,023 | |
333 | Kone Corp. OYJ, Class B | 28,574 |
13
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
6,199 | Kuehne & Nagel International AG | $1,199,988 | |
1,265 | LG Corp. | 87,789 | |
7,800 | MISC Bhd | 14,246 | |
2,843 | 1 | MRC Global, Inc. | 16,177 |
481 | 1 | MYR Group, Inc. | 18,668 |
409 | Marten Transport Ltd. | 7,427 | |
7,241 | Masco Corp. | 422,150 | |
404 | 1 | Masonite International Corp. | 36,881 |
296 | 1 | Mastec, Inc. | 13,678 |
2,020 | 1 | Meritor, Inc. | 45,975 |
165 | Miller Industries, Inc. | 5,176 | |
1,800 | Misumi Corp. | 46,860 | |
53,600 | Mitsubishi Electric Corp. | 735,935 | |
13,700 | Mitsubishi Heavy Industries Ltd. | 339,509 | |
979 | Mueller Industries, Inc. | 29,076 | |
130,000 | NWS Holdings Ltd. | 110,200 | |
1,600 | Nippon Express Co. Ltd. | 94,460 | |
5,440 | 1 | Now, Inc. | 39,549 |
18,500 | Obayashi Corp. | 180,059 | |
15,911 | Otis Worldwide Corp. | 1,000,802 | |
105 | Patrick Industries, Inc. | 5,902 | |
5,291 | Pentair PLC | 238,836 | |
7,300 | Persol Holdings Co. Ltd. | 113,506 | |
467 | Primoris Services Corp. | 8,901 | |
18,245 | Qantas Airways Ltd. | 51,880 | |
1,815 | Quanex Building Products Corp. | 30,510 | |
4,394 | Regal Beloit Corp. | 434,391 | |
13,755 | Relx PLC | 313,039 | |
27,176 | 1 | Rentokil Initial PLC | 193,626 |
174 | Resources Connection, Inc. | 2,138 | |
2,133 | Ritchie Bros. Auctioneers, Inc. | 124,806 | |
2,422 | Roper Technologies, Inc. | 1,034,654 | |
166 | Rush Enterprises, Inc. | 8,021 | |
5,900 | SG Holdings Co. Ltd. | 271,006 | |
43 | SGS SA | 111,168 | |
7,814 | SKF Ab, Class B | 155,839 | |
3,846 | Safran SA | 444,870 | |
102 | 1 | Saia, Inc. | 13,688 |
13,685 | Sandvik AB | 268,407 | |
8,595 | Schneider Electric SA | 1,065,858 | |
1,400 | Secom Co. Ltd. | 132,273 | |
16,894 | Securitas AB, Class B | 240,754 | |
5,000 | Shenzhen International Holdings Ltd. | 8,009 | |
75,500 | Sime Darby BHD | 39,674 | |
25,000 | Sinotruk Hong Kong Ltd. | 64,822 | |
12,827 | Skanska AB, Class B | 261,564 | |
889 | SkyWest, Inc. | 29,915 | |
1,050 | Steelcase, Inc., Class A | 10,973 | |
7,889 | 1 | Stericycle, Inc. | 505,764 |
14
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
412 | Systemax, Inc. | $9,142 | |
9,500 | Taisei Corp. | 327,124 | |
2,763 | 1 | Teledyne Technologies, Inc. | 866,504 |
592 | Tetra Tech, Inc. | 54,648 | |
5,307 | Thomson Reuters Corp. | 405,689 | |
34,900 | Toppan Printing Co. Ltd. | 541,382 | |
4,600 | Toshiba Corp. | 132,283 | |
11,900 | Toyota Tsusho Corp. | 342,490 | |
1,384 | 1 | TriMas Corp. | 34,988 |
19 | 1 | TriNet Group, Inc. | 1,289 |
394 | UFP Industries, Inc. | 23,384 | |
158 | Unifirst Corp. | 30,434 | |
7,404 | Union Pacific Corp. | 1,424,826 | |
670 | Universal Truckload Services, Inc. | 14,405 | |
104 | 1 | WESCO International, Inc. | 4,872 |
25,112 | Weg SA | 296,201 | |
43,000 | Weichai Power Co. Ltd., Class H | 86,553 | |
8,799 | Wolters Kluwer NV | 722,337 | |
216,000 | Xinyi Solar Holdings Ltd. | 271,403 | |
15,700 | Yamato Holdings Co. Ltd. | 410,011 | |
27,400 | 1 | Zoomlion Heavy Industry Science and Technology Co., Ltd. | 27,332 |
TOTAL | 28,876,591 | ||
Information Technology—12.5% | |||
1,953 | ASML Holding N.V. | 732,317 | |
2,961 | 1 | A10 Networks, Inc. | 25,317 |
3,699 | 1 | Adobe, Inc. | 1,899,030 |
1,323 | American Software, Inc., Class A | 18,734 | |
2,756 | 1 | Amkor Technology, Inc. | 33,609 |
55,980 | Apple, Inc. | 7,223,659 | |
3,408 | Atos SE | 295,237 | |
5,414 | 1 | Avalara, Inc. | 716,868 |
1,192 | Benchmark Electronics, Inc. | 23,375 | |
1,074 | 1 | Bill.Com Holdings, Inc. | 106,304 |
998 | Blackbaud, Inc. | 63,722 | |
825 | 1 | Box, Inc. | 16,195 |
1,736 | 1 | CGI, Inc., Class A | 121,940 |
795 | CSG Systems International, Inc. | 33,843 | |
9,556 | 1 | Cadence Design Systems, Inc. | 1,059,856 |
4,081 | Capgemini SE | 564,580 | |
442 | Cass Information Systems, Inc. | 17,309 | |
7,000 | Chicony Electronics Co. Ltd. | 21,072 | |
37,193 | Cisco Systems, Inc. | 1,570,288 | |
2,933 | Citrix Systems, Inc. | 425,872 | |
33,907 | 1 | CommScope Holdings Co., Inc. | 349,242 |
860 | 1 | Commvault Systems, Inc. | 37,178 |
254,000 | Compal Electronics, Inc. | 159,835 | |
214 | Constellation Software, Inc. | 247,739 | |
363 | 1 | Cornerstone OnDemand, Inc. | 12,803 |
64 | 1 | Diodes, Inc. | 3,127 |
15
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
4,098 | 1 | Dynatrace Holdings LLC | $181,254 |
290 | 1 | eGain Corp. | 3,880 |
329 | 1 | ePlus, Inc. | 25,241 |
539 | 1 | Fabrinet | 37,611 |
3,977 | 1 | Fortinet, Inc. | 524,984 |
4,100 | Fujitsu Ltd. | 534,796 | |
22,078 | Halma PLC | 654,593 | |
8,000 | IT Holdings Corp. | 159,615 | |
455 | 1 | Ichor Holdings Ltd. | 11,448 |
40,125 | Infosys Ltd. | 503,620 | |
575 | 1 | Insight Enterprises, Inc. | 34,388 |
43,802 | Intel Corp. | 2,231,712 | |
294 | InterDigital, Inc. | 17,978 | |
393 | KBR, Inc. | 9,821 | |
4,788 | KLA Corp. | 982,210 | |
641 | 1 | Kimball Electronics, Inc. | 8,644 |
15,000 | Kingsoft Corp. Ltd. | 80,152 | |
722 | LG Innotek Co., Ltd. | 87,644 | |
976 | 1 | Lattice Semiconductor Corp. | 27,914 |
80,000 | Lenovo Group Ltd. | 53,319 | |
143,000 | Lite-On Technology Corp. | 225,983 | |
5,815 | Logitech International SA | 429,483 | |
3,067 | LogMeIn, Inc. | 263,915 | |
663 | ManTech International Corp., Class A | 49,626 | |
403 | Maximus, Inc. | 31,253 | |
931 | Methode Electronics, Inc., Class A | 26,357 | |
31,054 | Microsoft Corp. | 7,003,609 | |
121 | 1 | MicroStrategy, Inc., Class A | 17,477 |
2,758 | 1 | Mobile Iron, Inc. | 18,010 |
651 | NIC, Inc. | 13,918 | |
92 | 1 | Napco Security Technologies, Inc. | 2,292 |
2,303 | Nemetschek AG | 183,179 | |
7,358 | NortonLifeLock, Inc. | 173,060 | |
105 | 1 | OSI Systems, Inc. | 8,269 |
3,700 | Omron Corp. | 270,714 | |
8,500 | Otsuka Corp. | 417,213 | |
9 | 1 | PC Connections, Inc. | 399 |
4,281 | 1 | Paylocity Corp. | 630,377 |
9,139 | 1 | PayPal Holdings, Inc. | 1,865,635 |
1 | 1 | Photronics, Inc. | 10 |
18 | 1 | Plexus Corp. | 1,369 |
33,000 | Powertech Technology, Inc. | 96,871 | |
659 | QAD, Inc. | 29,971 | |
2,928 | Qualcomm, Inc. | 348,725 | |
236 | 1 | Qualys, Inc. | 25,049 |
7,000 | Quanta Computer, Inc. | 18,328 | |
396 | 1 | Rapid7, Inc. | 25,570 |
31,600 | 1 | Renesas Electronics Corp. | 198,090 |
56,200 | Ricoh Co. Ltd. | 418,979 |
16
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
1,607 | SAP SE | $264,146 | |
6,439 | SK Hynix, Inc. | 405,150 | |
462 | 1 | SPS Commerce, Inc. | 36,905 |
14,025 | STMicroelectronics N.V. | 421,478 | |
32,632 | Samsung Electronics Co. Ltd. | 1,483,718 | |
89 | 1 | Sanmina Corp. | 2,519 |
429 | 1 | ScanSource, Inc. | 10,592 |
65,000 | 1 | Semiconductor Manufacturing International Corp. | 207,708 |
833 | 1 | Semtech Corp. | 48,855 |
2,736 | 1 | ServiceNow, Inc. | 1,318,807 |
4,300 | Shimadzu Corp. | 128,218 | |
4,286 | 1 | Square, Inc. | 683,874 |
1,800 | Sumisho Computer Systems Corp. | 97,513 | |
8,100 | Sunny Opitcal Technology Group Co. Ltd. | 118,960 | |
749 | 1 | Synaptics, Inc. | 63,912 |
233 | Synnex Corp. | 29,626 | |
157,000 | Synnex Technology International Corp. | 233,552 | |
4,756 | 1 | Synopsys, Inc. | 1,052,503 |
5,100 | TDK Corp. | 526,971 | |
138,000 | Taiwan Semiconductor Manufacturing Co. Ltd. | 2,008,070 | |
879 | 1 | Tenable Holdings, Inc. | 33,086 |
24,834 | 1 | Teradata Corp. | 604,708 |
5,076 | Teradyne, Inc. | 431,308 | |
9,912 | Texas Instruments, Inc. | 1,408,991 | |
1,600 | Tokyo Electron Ltd. | 407,923 | |
8 | 1 | Tucows, Inc. | 506 |
41 | 1 | Twilio, Inc. | 11,060 |
507 | 1 | Tyler Technologies, Inc. | 175,072 |
496 | 1 | Ultra Clean Holdings, Inc. | 12,162 |
406,000 | United Microelectronics Corp. | 290,351 | |
2,549 | Vishay Intertechnology, Inc. | 40,758 | |
203 | 1 | Vishay Precision Group, Inc. | 5,057 |
238,000 | Wistron Corp. | 257,947 | |
300 | 1 | Workiva, Inc. | 17,700 |
22,671 | Xerox Holdings Corp. | 427,575 | |
4,981 | Yageo Corp. | 56,296 | |
10,000 | ZTE Corp. | 28,800 | |
1,213 | 1 | Zoom Video Communications, Inc. | 394,346 |
TOTAL | 48,490,329 | ||
Materials—3.5% | |||
11,974 | Anglo American PLC | 293,330 | |
3,631 | Anglogold Ltd. | 106,918 | |
1,286 | 1 | Arconic Corp. | 28,614 |
65,000 | Asia Cement Corp. | 93,912 | |
17,998 | BHP Billiton Ltd. | 495,915 | |
20,486 | Berger Paints India Ltd. | 149,601 | |
1,146 | Boise Cascade Co. | 52,487 | |
7,936 | Cherepovets MK Severstal | 99,548 | |
190,000 | China National Building Material Co. Ltd. | 265,621 |
17
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Materials—continued | |||
186,000 | China Resources Cement Holdings Ltd. | $270,074 | |
19,542 | Corteva, Inc. | 557,924 | |
18,700 | Daicel Corp. | 135,313 | |
116 | Ems-Chemie Holdings Ag | 104,600 | |
37,087 | Evraz PLC | 160,726 | |
4,942 | FMC Corp. | 528,102 | |
5,107 | 1,3 | Ferroglobe Representation & Warranty Insurance Trust | 0 |
1,169 | 1 | Forterra, Inc. | 15,489 |
70,898 | Fortescue Metals Group Ltd. | 900,532 | |
137 | Glatfelter (P.H.) Co. | 2,054 | |
25,021 | Gold Fields Ltd. | 326,664 | |
110 | Greif, Inc. | 4,513 | |
119 | Hawkins, Inc. | 5,976 | |
6,743 | Impala Platinum Holdings Ltd. | 61,974 | |
3,226 | 1 | KGHM Polska Miedz SA | 119,450 |
142 | Kaiser Aluminum Corp. | 9,128 | |
14,300 | Kansai Paint Co. Ltd. | 340,555 | |
7,556 | Koninklijke DSM NV | 1,213,402 | |
95 | 1 | Koppers Holdings, Inc. | 2,286 |
654 | Louisiana-Pacific Corp. | 21,543 | |
373,971 | Magnitogorsk Iron & Steel Works PJSC | 190,462 | |
575 | Materion Corp. | 31,389 | |
28,100 | Mitsubishi Gas Chemical Co., Inc. | 500,867 | |
1,078 | Myers Industries, Inc. | 16,493 | |
16,272 | Newmont Corp. | 1,094,780 | |
6,200 | Nitto Denko Corp. | 376,041 | |
1,273 | Norilsk Nickel | 330,893 | |
540 | 1 | Northam Platinum Ltd. | 5,082 |
28,586 | Novolipetski Metallurgicheski Komb OAO | 59,867 | |
2,800 | PT Semen Gresik | 2,024 | |
125,600 | Petronas Chemicals BHD | 164,539 | |
2,977 | 2 | Phosagro OAO, GDR | 35,486 |
827 | Polyus PJSC | 201,516 | |
4,315 | 1 | Queen's Road Capital Investment Ltd. | 1,456 |
758 | Reliance Steel & Aluminum Co. | 79,491 | |
2,235 | Rio Tinto Ltd. | 159,721 | |
15,609 | Rio Tinto PLC | 957,235 | |
546 | Schnitzer Steel Industries, Inc., Class A | 10,778 | |
375 | Sherwin-Williams Co. | 251,644 | |
1,339 | Sika AG | 320,715 | |
14,116 | Silgan Holdings, Inc. | 537,255 | |
232 | Stepan Co. | 26,747 | |
1,680 | Stora Enso Oyj, Class R | 24,754 | |
6,200 | Taiheiyo Cement Corp. | 157,154 | |
14,700 | Taiwan Cement Corp. | 21,453 | |
76,500 | Toray Industries, Inc. | 362,422 | |
37,600 | Tosoh Corp. | 557,158 | |
2,257 | Tredegar Industries, Inc. | 38,211 | |
98 | 1 | UFP Technologies, Inc. | 4,039 |
18
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Materials—continued | |||
9,876 | UPM - Kymmene Oyj | $299,818 | |
496 | Umicore SA | 22,804 | |
3,834 | Va Stahl Ag | 95,165 | |
222 | Verso Corp. | 2,910 | |
442 | Worthington Industries, Inc. | 18,356 | |
448,000 | Zijin Mining Group Co. Ltd. | 305,178 | |
TOTAL | 13,630,154 | ||
Real Estate—2.0% | |||
2,000 | Agile Group Holdings Ltd. | 2,751 | |
203 | American Assets Trust, Inc. | 5,187 | |
4,781 | American Tower Corp. | 1,191,186 | |
32,100 | Ascendas Real Estate Investment Trust | 78,007 | |
144,000 | CIFI Holdings Group Co. Ltd. | 122,229 | |
1,985 | CareTrust REIT, Inc. | 38,449 | |
5,393 | CatchMark Timber Trust, Inc. | 53,552 | |
83,000 | China Aoyuan Group Ltd. | 95,437 | |
65,000 | China Overseas Property Holdings Ltd. | 58,509 | |
4,000 | China Resources Bejing Land | 18,326 | |
5,670 | Colony Capital, Inc. | 15,366 | |
800 | CoreCivic, Inc. | 7,448 | |
225,000 | Country Garden Holdings Co. | 276,431 | |
8,361 | Crown Castle International Corp. | 1,364,933 | |
1,800 | Daito Trust Construction Co. Ltd. | 159,432 | |
2,485 | DiamondRock Hospitality Co. | 13,170 | |
2,267 | Easterly Government Properties, Inc. | 54,839 | |
12,877 | Equity Residential Properties Trust | 726,907 | |
121 | Essex Property Trust, Inc. | 26,198 | |
102,000 | Evergrande Real Estate Group Limited | 237,300 | |
148,000 | Franshion Properties of China Ltd. | 92,268 | |
5,680 | Front Yard Residential Corp. | 55,380 | |
995 | Geo Group, Inc. | 11,104 | |
61,000 | KWG Property Holding Ltd. | 115,702 | |
46,000 | 1 | Kaisa Group Holdings Ltd. | 23,045 |
1,277 | Kite Realty Group Trust | 14,353 | |
4,541 | Lexington Realty Trust | 51,631 | |
27,000 | Logan Group Co. Ltd. | 50,091 | |
3,500 | Longfor Properties | 18,476 | |
3,953 | Mid-American Apartment Communities, Inc. | 462,975 | |
2,149 | NEPI Rockcastle PLC | 10,031 | |
1,637 | Newmark Group, Inc. | 7,252 | |
1,748 | One Liberty Properties, Inc. | 33,492 | |
1,580 | Physicians Realty Trust | 28,677 | |
7,142 | Retail Properties of America, Inc. | 45,066 | |
238,000 | Seazen Group Ltd. | 215,293 | |
58,000 | Shenzhen Investment Ltd. | 19,641 | |
27,500 | Shimao Group Holdings Ltd. | 123,406 | |
238,524 | Stockland Trust Group | 684,378 | |
53,500 | Sun Hung Kai Properties Ltd. | 712,697 | |
62,000 | Sunac China Holdings | 259,348 |
19
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Real Estate—continued | |||
575 | Terreno Realty Corp. | $34,293 | |
2,141 | Uniti Group, Inc. | 21,025 | |
292,000 | Yuexiu Property Co., Ltd. | 55,628 | |
TOTAL | 7,690,909 | ||
Utilities—2.1% | |||
15,205 | AGL Energy Ltd. | 164,525 | |
10,682 | Alliant Energy Corp. | 578,430 | |
382 | American States Water Co. | 29,063 | |
454,205 | AusNet Services | 609,338 | |
72 | Avista Corp. | 2,654 | |
1,557 | CEZ A.S. | 32,054 | |
242 | Chesapeake Utilities Corp. | 19,796 | |
173,000 | China Power International Development Ltd. | 33,442 | |
24,000 | China Resources Logic Ltd. | 112,194 | |
232,291 | Colbun SA | 35,852 | |
581 | 1 | Companhia de Saneamento Basico do Estado de Sao Paulo | 5,064 |
20,700 | ENN Energy Holdings Ltd. | 228,688 | |
25,865 | Endesa SA | 717,592 | |
37,190 | Enel SpA | 337,275 | |
4,521 | Entergy Corp. | 448,212 | |
33,012 | Equatorial Energia SA | 139,797 | |
158,312 | Gail India Ltd. | 204,871 | |
103,200 | 2 | Gulf Energy Development PCL | 104,224 |
10,320 | 1 | Gulf Energy Dev -RIGHTS, Rights | 50 |
585,000 | 2 | HK Electric Investments Ltd. | 594,600 |
58,897 | Iberdrola SA | 742,236 | |
1,052 | Indraprastha Gas Ltd. | 5,605 | |
5,490 | Manila Electric Co. | 30,477 | |
5,002 | NextEra Energy, Inc. | 1,396,408 | |
873 | Northwestern Corp. | 45,082 | |
331 | ONE Gas, Inc. | 24,534 | |
263 | Otter Tail Corp. | 10,218 | |
1,189 | Portland General Electric Co. | 45,360 | |
14,500 | Ratchaburi Group PCL | 26,044 | |
6,289 | Severn Trent PLC | 196,807 | |
18,004 | Southern Co. | 939,449 | |
12,087 | Uniper SE | 396,058 | |
837 | Unitil Corp. | 35,321 | |
TOTAL | 8,291,320 | ||
TOTAL COMMON STOCKS (IDENTIFIED COST $195,934,877) | 246,432,359 | ||
ASSET-BACKED SECURITIES—0.8% | |||
300,000 | CNH Equipment Trust 2020-A, Class A3, 1.160%, 6/16/2025 | 304,551 | |
500,000 | HPEFS Equipment Trust 2020-2A, Class C, 2.000%, 7/22/2030 | 501,460 | |
475,000 | Santander Drive Auto Receivables Trust 2020-2, Class C, 1.460%, 9/15/2025 | 479,789 | |
500,000 | Toyota Auto Receivables Owner Trust 2020-B, Class A4, 1.660%, 9/15/2025 | 510,409 | |
700,000 | 4 | Trillium Credit Card Trust II 2020-1A, Class A, 0.544% (1-month USLIBOR +0.370%), 12/26/2024 | 701,166 |
20
Shares, Principal Amount or Contracts | Value | ||
ASSET-BACKED SECURITIES—continued | |||
$354,971 | World Omni Auto Receivables Trust 2018-B, Class A3, 2.870%, 7/17/2023 | $360,582 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $2,773,636) | 2,857,957 | ||
COMMERCIAL MORTGAGE-BACKED SECURITIES—0.3% | |||
Agency Commercial Mortgage-Backed Securities—0.3% | |||
126,249 | Federal Home Loan Mortgage Corp. REMIC, Series K055, Class A1, 2.263%, 4/25/2025 | 130,596 | |
497,980 | Federal Home Loan Mortgage Corp. REMIC, Series K106, Class A1, 1.783%, 5/25/2029 | 522,668 | |
500,000 | Federal Home Loan Mortgage Corp. REMIC, Series K737, Class A2, 2.525%, 10/25/2026 | 550,127 | |
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $1,144,203) | 1,203,391 | ||
COLLATERALIZED MORTGAGE OBLIGATIONS—0.4% | |||
255,000 | Bank, Class A4, 3.488%, 11/15/2050 | 288,923 | |
200,000 | Citigroup Commercial Mortgage Trust 2015-GC33, Class AS, 4.114%, 9/10/2058 | 219,803 | |
450,000 | Commercial Mortgage Trust 2015-DC1, Class AM, 3.724%, 2/10/2048 | 487,223 | |
300,000 | JPMDB Commercial Mortgage Securities Trust 2016-C4, Class A3, 3.141%, 12/15/2049 | 330,639 | |
50,000 | WF-RBS Commercial Mortgage Trust 2012-C6, Class B, 4.697%, 4/15/2045 | 51,289 | |
100,000 | WF-RBS Commercial Mortgage Trust 2014-C25, Class B, 4.236%, 11/15/2047 | 102,370 | |
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (IDENTIFIED COST $1,394,613) | 1,480,247 | ||
CORPORATE BONDS—7.0% | |||
Basic Industry - Metals & Mining—0.0% | |||
100,000 | Reliance Steel & Aluminum Co., Sr. Unsecd. Note, 4.500%, 4/15/2023 | 107,942 | |
Capital Goods - Aerospace & Defense—0.3% | |||
350,000 | Boeing Co., Sr. Unsecd. Note, 4.875%, 5/1/2025 | 381,117 | |
145,000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 144A, 3.844%, 5/1/2025 | 159,003 | |
215,000 | Leidos, Inc., Unsecd. Note, 144A, 3.625%, 5/15/2025 | 240,479 | |
180,000 | Lockheed Martin Corp., Sr. Unsecd. Note, 3.550%, 1/15/2026 | 205,605 | |
90,000 | 4 | Textron Financial Corp., Jr. Sub. Note, 144A, 2.015% (3-month USLIBOR +1.735%), 2/15/2042 | 65,853 |
TOTAL | 1,052,057 | ||
Capital Goods - Building Materials—0.1% | |||
125,000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | 136,363 | |
130,000 | Masco Corp., Sr. Unsecd. Note, 4.375%, 4/1/2026 | 152,566 | |
185,000 | Masco Corp., Unsecd. Note, 4.450%, 4/1/2025 | 213,683 | |
TOTAL | 502,612 | ||
Capital Goods - Construction Machinery—0.1% | |||
195,000 | Deere & Co., Sr. Unsecd. Note, 2.750%, 4/15/2025 | 213,514 | |
Capital Goods - Diversified Manufacturing—0.1% | |||
30,000 | General Electric Capital Corp., Note, Series MTNA, 6.750%, 3/15/2032 | 37,606 | |
75,000 | Lennox International, Inc., Sr. Unsecd. Note, 1.700%, 8/1/2027 | 75,772 | |
260,000 | Roper Technologies, Inc., Sr. Unsecd. Note, 2.000%, 6/30/2030 | 266,312 | |
TOTAL | 379,690 | ||
Communications - Cable & Satellite—0.1% | |||
30,000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., 5.050%, 3/30/2029 | 36,209 | |
120,000 | Charter Communications, Inc., 4.200%, 3/15/2028 | 137,448 | |
265,000 | Comcast Corp., Sr. Unsecd. Note, 3.100%, 4/1/2025 | 294,035 | |
TOTAL | 467,692 | ||
Communications - Media & Entertainment—0.2% | |||
20,000 | Discovery Communications LLC, Sr. Unsecd. Note, 4.900%, 3/11/2026 | 23,511 | |
70,000 | Grupo Televisa S.A., Sr. Unsecd. Note, 6.125%, 1/31/2046 | 91,069 |
21
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Communications - Media & Entertainment—continued | |||
$400,000 | ViacomCBS, Inc., Sr. Unsecd. Note, 4.750%, 5/15/2025 | $462,232 | |
TOTAL | 576,812 | ||
Communications - Telecom Wireless—0.3% | |||
550,000 | Crown Castle International Corp., Sr. Unsecd. Note, 3.250%, 1/15/2051 | 570,109 | |
375,000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050 | 436,886 | |
75,000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.875%, 6/19/2049 | 93,798 | |
TOTAL | 1,100,793 | ||
Communications - Telecom Wirelines—0.2% | |||
300,000 | AT&T, Inc., Sr. Unsecd. Note, 5.150%, 3/15/2042 | 377,067 | |
105,000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.150%, 3/22/2030 | 118,858 | |
200,000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.150%, 3/15/2024 | 223,454 | |
TOTAL | 719,379 | ||
Consumer Cyclical - Automotive—0.1% | |||
275,000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.336%, 3/18/2021 | 276,031 | |
70,000 | General Motors Co., Sr. Unsecd. Note, 4.000%, 4/1/2025 | 75,861 | |
TOTAL | 351,892 | ||
Consumer Cyclical - Retailers—0.4% | |||
100,000 | Advance Auto Parts, Inc., 4.500%, 12/1/2023 | 109,198 | |
600,000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | 661,701 | |
225,000 | AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030 | 264,000 | |
300,000 | AutoZone, Inc., Sr. Unsecd. Note, 3.250%, 4/15/2025 | 331,127 | |
83,207 | CVS Health Corp., Pass Thru Cert., 144A, 5.298%, 1/11/2027 | 89,411 | |
185,000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030 | 222,908 | |
TOTAL | 1,678,345 | ||
Consumer Cyclical - Services—0.1% | |||
200,000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.800%, 6/6/2023 | 211,752 | |
130,000 | Visa, Inc., Sr. Unsecd. Note, 3.150%, 12/14/2025 | 146,271 | |
TOTAL | 358,023 | ||
Consumer Non-Cyclical - Food/Beverage—0.3% | |||
115,000 | Campbell Soup Co., Sr. Unsecd. Note, 2.375%, 4/24/2030 | 119,834 | |
210,000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | 228,628 | |
157,000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.950%, 7/15/2025 | 170,870 | |
120,000 | Mead Johnson Nutrition Co., Sr. Unsecd. Note, 4.125%, 11/15/2025 | 139,578 | |
370,000 | PepsiCo, Inc., Sr. Unsecd. Note, 3.625%, 3/19/2050 | 449,262 | |
70,000 | PepsiCo, Inc., Sr. Unsecd. Note, 4.450%, 4/14/2046 | 93,361 | |
TOTAL | 1,201,533 | ||
Consumer Non-Cyclical - Health Care—0.2% | |||
210,000 | Agilent Technologies, Inc., Sr. Unsecd. Note, 2.750%, 9/15/2029 | 227,574 | |
180,000 | Dentsply Sirona, Inc., Sr. Unsecd. Note, 3.250%, 6/1/2030 | 195,158 | |
400,000 | PerkinElmer, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029 | 444,451 | |
75,000 | Thermo Fisher Scientific, Inc., Sr. Unsecd. Note, 4.133%, 3/25/2025 | 86,111 | |
TOTAL | 953,294 | ||
Consumer Non-Cyclical - Pharmaceuticals—0.1% | |||
90,000 | Gilead Sciences, Inc., Sr. Unsecd. Note, 3.650%, 3/1/2026 | 102,876 | |
190,000 | Zoetis, Inc., Sr. Unsecd. Note, 3.000%, 5/15/2050 | 206,121 | |
TOTAL | 308,997 | ||
Consumer Non-Cyclical - Products—0.1% | |||
235,000 | Procter & Gamble Co., Sr. Unsecd. Note, 2.450%, 3/25/2025 | 255,202 |
22
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Consumer Non-Cyclical - Tobacco—0.4% | |||
$870,000 | Philip Morris International, Inc., Sr. Unsecd. Note, 2.875%, 5/14/2029 | $1,241,310 | |
200,000 | Reynolds American, Inc., Sr. Unsecd. Note, 5.850%, 8/15/2045 | 247,772 | |
TOTAL | 1,489,082 | ||
Energy - Integrated—0.1% | |||
340,000 | Exxon Mobil Corp., Sr. Unsecd. Note, 2.992%, 3/19/2025 | 373,709 | |
100,000 | Husky Energy, Inc., Sr. Unsecd. Note, 3.950%, 4/15/2022 | 103,202 | |
35,000 | Petro-Canada, Deb., 7.000%, 11/15/2028 | 43,609 | |
TOTAL | 520,520 | ||
Energy - Midstream—0.1% | |||
325,000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.050%, 3/15/2025 | 347,386 | |
80,000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | 88,562 | |
TOTAL | 435,948 | ||
Energy - Refining—0.1% | |||
250,000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044 | 279,657 | |
Financial Institution - Banking—0.7% | |||
100,000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 4.875%, 4/1/2044 | 134,739 | |
300,000 | Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025 | 336,322 | |
300,000 | Citigroup, Inc., Sr. Unsecd. Note, 2.700%, 3/30/2021 | 304,204 | |
250,000 | Citizens Bank N.A., Sr. Unsecd. Note, Series BKNT, 3.750%, 2/18/2026 | 287,560 | |
250,000 | Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025 | 268,898 | |
5,000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.750%, 1/24/2022 | 5,368 | |
100,000 | JPMorgan Chase & Co., Series S, 6.750%, 8/1/2069 | 111,784 | |
50,000 | JPMorgan Chase & Co., Sub. Note, 3.375%, 5/1/2023 | 53,586 | |
400,000 | Morgan Stanley, 4.300%, 1/27/2045 | 522,564 | |
32,417 | 3 | Regional Diversified Funding, 144A, 9.250%, 3/15/2030 | 21,071 |
230,000 | Truist Financial Corp., Sr. Unsecd. Note, 2.900%, 3/3/2021 | 232,554 | |
300,000 | US Bancorp, Sr. Unsecd. Note, Series MTN, 1.375%, 7/22/2030 | 297,574 | |
TOTAL | 2,576,224 | ||
Financial Institution - Broker/Asset Mgr/Exchange—0.1% | |||
140,000 | Invesco Finance PLC, Sr. Unsecd. Note, 3.750%, 1/15/2026 | 157,938 | |
240,000 | Stifel Financial Corp., Sr. Unsecd. Note, 3.500%, 12/1/2020 | 241,064 | |
70,000 | TIAA Asset Management Finance Co. LLC, Sr. Unsecd. Note, 144A, 4.125%, 11/1/2024 | 79,503 | |
TOTAL | 478,505 | ||
Financial Institution - Finance Companies—0.1% | |||
210,000 | AerCap Ireland Capital Ltd./AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.950%, 2/1/2022 | 212,733 | |
Financial Institution - Insurance - Life—0.2% | |||
27,000 | Aflac, Inc., Sr. Unsecd. Note, 6.450%, 8/15/2040 | 38,800 | |
325,000 | Mass Mutual Global Funding II, 144A, 2.000%, 4/15/2021 | 328,635 | |
10,000 | MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039 | 16,221 | |
295,000 | Metlife, Inc., Sr. Unsecd. Note, 4.550%, 3/23/2030 | 371,933 | |
105,000 | Northwestern Mutual Life Insurance Co., Sr. Unsecd. Note, 144A, 3.625%, 9/30/2059 | 115,486 | |
TOTAL | 871,075 | ||
Financial Institution - Insurance - P&C—0.1% | |||
30,000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | 49,192 | |
350,000 | Nationwide Mutual Insurance Co., Sub., 144A, 4.350%, 4/30/2050 | 384,534 | |
TOTAL | 433,726 | ||
Financial Institution - REIT - Apartment—0.2% | �� | ||
70,000 | Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030 | 76,693 |
23
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Financial Institution - REIT - Apartment—continued | |||
$300,000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024 | $326,512 | |
400,000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.100%, 8/1/2032 | 402,090 | |
140,000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.950%, 9/1/2026 | 151,391 | |
TOTAL | 956,686 | ||
Financial Institution - REIT - Office—0.0% | |||
100,000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028 | 115,304 | |
Financial Institution - REIT - Other—0.1% | |||
180,000 | ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029 | 221,244 | |
90,000 | WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029 | 96,897 | |
160,000 | WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024 | 176,019 | |
TOTAL | 494,160 | ||
Financial Institution - REIT - Retail—0.1% | |||
400,000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 10/1/2030 | 409,830 | |
30,000 | Kimco Realty Corp., Sr. Unsecd. Note, 3.400%, 11/1/2022 | 31,542 | |
TOTAL | 441,372 | ||
Foreign-Local-Government—0.0% | |||
50,000 | Quebec, Province of, Note, Series MTNA, 7.035%, 3/10/2026 | 65,960 | |
Municipal Services—0.1% | |||
132,575 | Army Hawaii Family Housing, 144A, 5.524%, 6/15/2050 | 165,228 | |
100,000 | Camp Pendleton & Quantico Housing LLC, 5.572%, 10/1/2050 | 118,086 | |
TOTAL | 283,314 | ||
Sovereign—0.1% | |||
30,000,000 | KFW, 2.050%, 2/16/2026 | 318,445 | |
Technology—0.7% | |||
400,000 | Apple, Inc., Sr. Unsecd. Note, 2.950%, 9/11/2049 | 430,826 | |
320,000 | Diamond 1 Finance Corp./Diamond 2 Finance Corp., Sr. Secd. Note, 144A, 6.020%, 6/15/2026 | 377,009 | |
28,000 | Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.875%, 6/5/2024 | 30,952 | |
260,000 | Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029 | 296,267 | |
280,000 | Intel Corp., Sr. Unsecd. Note, 3.400%, 3/25/2025 | 314,497 | |
300,000 | Keysight Technologies, Inc., 4.550%, 10/30/2024 | 339,171 | |
380,000 | Molex Electronics Technologies LLC, Unsecd. Note, 144A, 3.900%, 4/15/2025 | 395,616 | |
450,000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | 537,050 | |
TOTAL | 2,721,388 | ||
Transportation - Airlines—0.0% | |||
140,000 | Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025 | 152,959 | |
Transportation - Services—0.1% | |||
62,000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 3.850%, 11/15/2024 | 68,298 | |
160,000 | United Parcel Service, Inc., Sr. Unsecd. Note, 3.900%, 4/1/2025 | 182,554 | |
TOTAL | 250,852 | ||
Utility - Electric—0.8% | |||
155,000 | Berkshire Hathaway Energy Co., Sr. Unsecd. Note, 144A, 4.050%, 4/15/2025 | 177,441 | |
135,000 | Consolidated Edison Co., Sr. Unsecd. Note, Series 20B, 3.950%, 4/1/2050 | 161,601 | |
275,000 | Electricite de France SA, Sr. Unsecd. Note, 144A, 4.500%, 9/21/2028 | 326,128 | |
190,000 | Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046 | 236,306 | |
400,000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | 423,819 | |
300,000 | Exelon Corp., Sr. Unsecd. Note, 3.400%, 4/15/2026 | 338,745 | |
160,000 | Florida Power & Light Co., Sec. Fac. Bond, 2.850%, 4/1/2025 | 176,238 | |
140,000 | National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046 | 152,750 |
24
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Utility - Electric—continued | |||
$200,000 | NiSource Finance Corp., Sr. Unsecd. Note, 3.950%, 3/30/2048 | $238,285 | |
400,000 | NiSource, Inc., Sr. Unsecd. Note, 3.600%, 5/1/2030 | 461,405 | |
400,000 | Northeast Utilities, Sr. Unsecd. Note, Series H, 3.150%, 1/15/2025 | 438,376 | |
125,000 | Wisconsin Electric Power Co., Sr. Unsecd. Note, 4.300%, 12/15/2045 | 151,365 | |
TOTAL | 3,282,459 | ||
Utility - Natural Gas—0.2% | |||
495,000 | National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026 | 542,375 | |
200,000 | Sempra Energy, Sr. Unsecd. Note, 2.850%, 11/15/2020 | 200,560 | |
TOTAL | 742,935 | ||
TOTAL CORPORATE BONDS (IDENTIFIED COST $24,540,831) | 27,351,081 | ||
MORTGAGE-BACKED SECURITIES—0.0% | |||
1,142 | Federal Home Loan Mortgage Corp., Pool C00592, 7.000%, 3/1/2028 | 1,300 | |
834 | Federal Home Loan Mortgage Corp., Pool C00896, 7.500%, 12/1/2029 | 968 | |
25 | Federal Home Loan Mortgage Corp., Pool C17281, 6.500%, 11/1/2028 | 26 | |
985 | Federal Home Loan Mortgage Corp., Pool C19588, 6.500%, 12/1/2028 | 1,122 | |
774 | Federal Home Loan Mortgage Corp., Pool C25621, 6.500%, 5/1/2029 | 879 | |
1,260 | Federal Home Loan Mortgage Corp., Pool C76361, 6.000%, 2/1/2033 | 1,473 | |
1,713 | Federal Home Loan Mortgage Corp., Pool G01444, 6.500%, 8/1/2032 | 1,994 | |
1,034 | Federal National Mortgage Association, Pool 251697, 6.500%, 5/1/2028 | 1,161 | |
4,343 | Federal National Mortgage Association, Pool 252334, 6.500%, 2/1/2029 | 4,858 | |
2,985 | Federal National Mortgage Association, Pool 254905, 6.000%, 10/1/2033 | 3,504 | |
2,868 | Federal National Mortgage Association, Pool 255075, 5.500%, 2/1/2024 | 3,185 | |
307 | Federal National Mortgage Association, Pool 303168, 9.500%, 2/1/2025 | 338 | |
193 | Federal National Mortgage Association, Pool 323159, 7.500%, 4/1/2028 | 219 | |
1,909 | Federal National Mortgage Association, Pool 323640, 7.500%, 4/1/2029 | 2,163 | |
4,405 | Federal National Mortgage Association, Pool 545993, 6.000%, 11/1/2032 | 5,129 | |
1,841 | Federal National Mortgage Association, Pool 555272, 6.000%, 3/1/2033 | 2,141 | |
1,400 | Federal National Mortgage Association, Pool 713974, 5.500%, 7/1/2033 | 1,622 | |
3,064 | Federal National Mortgage Association, Pool 721502, 5.000%, 7/1/2033 | 3,478 | |
4,246 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | 4,848 | |
2,629 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | 3,040 | |
6,482 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | 7,484 | |
8,480 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | 9,841 | |
152 | Government National Mortgage Association, Pool 352214, 7.000%, 4/15/2023 | 160 | |
1,315 | Government National Mortgage Association, Pool 451522, 7.500%, 10/15/2027 | 1,490 | |
797 | Government National Mortgage Association, Pool 462556, 6.500%, 2/15/2028 | 882 | |
259 | Government National Mortgage Association, Pool 462739, 7.500%, 5/15/2028 | 294 | |
97 | Government National Mortgage Association, Pool 464835, 6.500%, 9/15/2028 | 109 | |
1,733 | Government National Mortgage Association, Pool 469699, 7.000%, 11/15/2028 | 1,960 | |
1,765 | Government National Mortgage Association, Pool 486760, 6.500%, 12/15/2028 | 1,979 | |
130 | Government National Mortgage Association, Pool 780339, 8.000%, 12/15/2023 | 138 | |
1,665 | Government National Mortgage Association, Pool 780453, 7.500%, 12/15/2025 | 1,837 | |
1,589 | Government National Mortgage Association, Pool 780584, 7.000%, 6/15/2027 | 1,751 | |
TOTAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $62,913) | 71,373 | ||
GOVERNMENT AGENCIES—0.2% | |||
200,000 | Federal Home Loan Bank System Notes, 0.500%, 4/14/2025 | 201,048 |
25
Shares, Principal Amount or Contracts | Value | ||
GOVERNMENT AGENCIES—continued | |||
$635,000 | Federal National Mortgage Association Notes, 0.625%, 4/22/2025 | $641,180 | |
TOTAL GOVERNMENT AGENCIES (IDENTIFIED COST $834,870) | 842,228 | ||
FOREIGN GOVERNMENTS/AGENCIES—6.4% | |||
Sovereign—6.4% | |||
1,000,000 | Australia, Government of, Sr. Unsecd. Note, Series 148, 2.750%, 11/21/2027 | 841,542 | |
390,000 | Belgium, Government of, Series 68, 2.250%, 6/22/2023 | 503,019 | |
680,000 | Belgium, Government of, Series 74, 0.800%, 6/22/2025 | 863,828 | |
800,000 | Canada, Government of, Bond, 3.250%, 6/1/2021 | 627,280 | |
480,000 | Canada, Government of, Series WL43, 5.750%, 6/1/2029 | 530,320 | |
6,000 | France, Government of, 0.500%, 5/25/2025 | 7,507 | |
150,000 | France, Government of, Bond, 4.500%, 4/25/2041 | 327,676 | |
400,000 | France, Government of, O.A.T., 5.500%, 4/25/2029 | 717,283 | |
650,000 | France, Government of, Unsecd. Note, 1.250%, 5/25/2036 | 903,599 | |
300,000 | France, Government of, Unsecd. Note, 1.750%, 6/25/2039 | 454,638 | |
600,000 | Germany, Government of, 0.250%, 2/15/2027 | 756,274 | |
300,000 | Germany, Government of, Bond, Series 03, 4.750%, 7/4/2034 | 613,407 | |
100,000 | Germany, Government of, Bond, Series 08, 4.750%, 7/4/2040 | 236,489 | |
400,000 | Italy, Government of, 3.750%, 5/1/2021 | 490,108 | |
680,000 | Italy, Government of, Sr. Unsecd. Note, 0.650%, 10/15/2023 | 824,738 | |
1,000,000 | Italy, Government of, Sr. Unsecd. Note, 4.750%, 9/1/2028 | 1,546,255 | |
950,000 | Italy, Government of, Unsecd. Note, 1.600%, 6/1/2026 | 1,195,672 | |
58,000 | Italy, Government of, Unsecd. Note, 3.250%, 9/1/2046 | 87,121 | |
142,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 114, 2.100%, 12/20/2029 | 1,596,744 | |
185,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 153, 1.300%, 6/20/2035 | 2,002,311 | |
50,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 351, 0.100%, 6/20/2028 | 476,524 | |
155,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 44, 1.700%, 9/20/2044 | 1,856,678 | |
30,000 | Mexico, Government of, Series MTNA, 6.750%, 9/27/2034 | 40,920 | |
31,800,000 | Mexico, Government of, Sr. Unsecd. Note, Series M, 5.750%, 3/5/2026 | 1,486,892 | |
450,000 | Netherlands, Government of, Unsecd. Note, 2.500%, 1/15/2033 | 718,807 | |
150,000 | Spain, Government of, 4.200%, 1/31/2037 | 273,683 | |
600,000 | Spain, Government of, Sr. Unsecd. Note, 1.500%, 4/30/2027 | 787,266 | |
590,000 | Spain, Government of, Sr. Unsecd. Note, 1.950%, 7/30/2030 | 812,851 | |
480,000 | Spain, Government of, Sr. Unsecd. Note, 2.750%, 10/31/2024 | 644,976 | |
350,000 | UK TSY 1 5/8% 2028, Unsecd. Deb., 1.625%, 10/22/2028 | 522,738 | |
430,000 | United Kingdom, Government of, 3.250%, 1/22/2044 | 862,948 | |
600,000 | United Kingdom, Government of, Unsecd. Note, 1.500%, 7/22/2047 | 919,310 | |
230,000 | United Kingdom, Government of, Unsecd. Note, 4.250%, 6/7/2032 | 441,531 | |
TOTAL FOREIGN GOVERNMENTS/AGENCIES (IDENTIFIED COST $22,480,835) | 24,970,935 | ||
MUNICIPAL BONDS—0.1% | |||
New York—0.1% | |||
250,000 | New York State Dormitory Authority State Personal Income Tax Revenue (New York State Personal Income Tax Revenue Bond Fund), State Personal Income Tax Revenue Bonds (Series 2019D), 4.000%, 2/15/2037 | 296,317 | |
Tennessee—0.0% | |||
125,000 | Metropolitan Government Nashville & Davidson County, TN, GO Improvement Bonds (Series 2018), 4.000%, 7/1/2028 | 153,730 | |
TOTAL MUNICIPAL BONDS (IDENTIFIED COST $451,506) | 450,047 | ||
U.S. TREASURIES—1.7% | |||
200,924 | U.S. Treasury Inflation-Protected Notes, 0.125%, 10/15/2024 | 215,004 | |
1,846,059 | U.S. Treasury Inflation-Protected Notes, 0.125%, 4/15/2025 | 1,983,836 |
26
Shares, Principal Amount or Contracts | Value | ||
U.S. TREASURIES—continued | |||
$701,274 | U.S. Treasury Inflation-Protected Notes, 0.125%, 1/15/2030 | $783,674 | |
751,913 | U.S. Treasury Inflation-Protected Notes, 0.250%, 2/15/2050 | 892,999 | |
138,083 | U.S. Treasury Inflation-Protected Notes, 0.625%, 1/15/2024 | 147,806 | |
50,000 | United States Treasury Bond, 1.375%, 8/15/2050 | 48,774 | |
225,000 | United States Treasury Bond, 2.000%, 2/15/2050 | 253,581 | |
335,000 | United States Treasury Bond, 2.375%, 11/15/2049 | 407,509 | |
21,000 | United States Treasury Bond, 2.500%, 5/15/2046 | 25,779 | |
3,000 | United States Treasury Bond, 3.000%, 11/15/2045 | 4,005 | |
100,000 | United States Treasury Bond, 4.375%, 2/15/2038 | 153,283 | |
150,000 | United States Treasury Note, 0.250%, 7/31/2025 | 149,855 | |
300,000 | United States Treasury Note, 0.375%, 3/31/2022 | 301,113 | |
200,000 | United States Treasury Note, 0.375%, 7/31/2027 | 198,497 | |
665,000 | United States Treasury Note, 0.625%, 5/15/2030 | 660,590 | |
145,000 | United States Treasury Note, 2.875%, 9/30/2023 | 157,089 | |
160,000 | United States Treasury Note, 2.875%, 11/30/2023 | 174,000 | |
TOTAL U.S. TREASURIES (IDENTIFIED COST $6,309,670) | 6,557,394 | ||
PURCHASED CALL OPTION—0.0% | |||
3,000,000 | 1 | Bank of New York Mellon USD CALL/JPY PUT, Notional Amount $3,000,000, Exercise Price, $108.25, Expiration Date 10/5/2020 (IDENTIFIED COST $8,130) | 4,605 |
INVESTMENT COMPANIES—17.1% | |||
425,128 | Bank Loan Core Fund | 3,979,196 | |
3,843,586 | Emerging Markets Core Fund | 38,858,655 | |
552,428 | 5 | High Yield Bond Core Fund | 3,408,481 |
1,702,163 | Mortgage Core Fund | 17,225,889 | |
360,381 | Project and Trade Finance Core Fund | 3,171,358 | |
TOTAL INVESTMENT COMPANIES (IDENTIFIED COST $62,810,555) | 66,643,579 | ||
TOTAL INVESTMENT IN SECURITIES—97.3% (IDENTIFIED COST $318,746,639) | 378,865,196 | ||
OTHER ASSETS AND LIABILITIES - NET—2.7%6 | 10,670,643 | ||
TOTAL NET ASSETS—100% | $389,535,839 |
At August 31, 2020, the Fund had the following outstanding foreign exchange contracts:
Settlement Date | Counterparty | Currency Units to Deliver/Receive | In Exchange For | Unrealized Appreciation (Depreciation) |
Contracts Purchased: | ||||
11/5/2020 | JPMorgan Chase | 2,132,465 AUD | 1,300,000 EUR | $19,582 |
11/5/2020 | JPMorgan Chase | 4,600,000 AUD | $3,352,451 | $40,901 |
11/5/2020 | Citibank N.A. | 1,583,516 CAD | 1,000,000 EUR | $19,217 |
11/5/2020 | JPMorgan Chase | 2,495,203 CAD | 1,600,000 EUR | $1,285 |
11/5/2020 | State Street Bank & Trust Co. | 1,990,999 CAD | 1,150,000 GBP | $(11,139) |
11/5/2020 | Citibank N.A. | 1,993,904 CAD | 1,150,000 GBP | $(8,911) |
11/5/2020 | JPMorgan Chase | 1,633,407 CHF | $1,800,000 | $10,342 |
11/5/2020 | Bank of New York Mellon | 1,500,000 EUR | 1,611,959 CHF | $5,935 |
11/5/2020 | Bank of New York Mellon | 1,250,000 EUR | 154,216,500 JPY | $36,537 |
11/5/2020 | State Street Bank & Trust Co. | 1,250,000 EUR | 154,399,363 JPY | $34,809 |
11/5/2020 | Citibank N.A. | 1,000,000 EUR | 10,779,051 NOK | $(39,322) |
11/5/2020 | JPMorgan Chase | 400,000 EUR | $470,539 | $7,463 |
27
Settlement Date | Counterparty | Currency Units to Deliver/Receive | In Exchange For | Unrealized Appreciation (Depreciation) |
11/5/2020 | Bank of America N.A. | 600,000 GBP | $789,210 | $13,127 |
11/5/2020 | JPMorgan Chase | 1,350,000 GBP | $1,740,178 | $65,080 |
11/5/2020 | State Street Bank & Trust Co. | 15,803,352 JPY | $150,000 | $(671) |
11/5/2020 | Bank of New York Mellon | 115,804,480 JPY | $1,100,000 | $(5,744) |
11/5/2020 | Morgan Stanley | 378,130,428 JPY | $3,600,000 | $(26,982) |
11/5/2020 | Morgan Stanley | 2,062,678 PLN | $550,000 | $10,267 |
11/5/2020 | State Street Bank & Trust Co. | 11,174,246 PLN | $3,000,000 | $35,164 |
Contracts Sold: | ||||
11/5/2020 | JPMorgan Chase | 2,139,548 AUD | 1,300,000 EUR | $(24,808) |
11/5/2020 | JPMorgan Chase | 2,300,000 AUD | $1,650,444 | $(46,232) |
11/5/2020 | JPMorgan Chase | 2,300,000 AUD | $1,659,687 | $(36,989) |
11/5/2020 | State Street Bank & Trust Co. | 1,575,400 CAD | 1,000,000 EUR | $(12,993) |
11/5/2020 | State Street Bank & Trust Co. | 3,966,770 CAD | 2,300,000 GBP | $33,954 |
11/5/2020 | Barclays Bank PLC Wholesale | 2,758,350 CHF | $3,000,000 | $(57,143) |
11/5/2020 | Bank of New York Mellon | 750,000 EUR | 807,181 CHF | $(1,636) |
11/5/2020 | Citibank N.A. | 2,500,000 EUR | 309,534,800 JPY | $(62,664) |
11/5/2020 | State Street Bank & Trust Co. | 1,000,000 EUR | 10,573,346 NOK | $15,767 |
11/5/2020 | State Street Bank & Trust Co. | 698,416 GBP | $900,000 | $(33,941) |
11/5/2020 | Barclays Bank PLC Wholesale | 1,864,400 PLN | $500,000 | $(6,411) |
11/5/2020 | HSBC BANK USA | 2,043,345 PLN | $550,000 | $(5,016) |
11/5/2020 | State Street Bank & Trust Co. | 5,651,520 PLN | $1,500,000 | $(35,073) |
NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | $(66,245) |
The average value at settlement date payable and receivable of foreign exchange contracts purchased and sold by the Fund throughout the period was $914,308 and $1,096,247, respectively. This is based on the contracts held as of each month-end throughout the nine-month period.
At August 31, 2020, the Fund had the following outstanding futures contracts:
Description | Number of Contracts | Notional Value | Expiration Date | Value and Unrealized Appreciation (Depreciation) |
Long Futures | ||||
1Amsterdam Index Long Futures | 36 | $4,715,786 | September 2020 | $(129,347) |
1Canada 10-Year Bond Long Futures | 366 | $42,353,693 | December 2020 | $(174,861) |
1FTSE 100 Index Long Futures | 105 | $8,367,487 | September 2020 | $(63,295) |
1FTSE/MIB Index Long Futures | 103 | $12,060,426 | September 2020 | $(191,213) |
1Long GILT Long Futures | 22 | $3,970,442 | December 2020 | $14,813 |
1S&P 500 E-Mini Long Futures | 156 | $27,291,420 | September 2020 | $2,624,887 |
1United States Treasury Long Bond Long Futures | 4 | $702,875 | December 2020 | $(1,884) |
1United States Treasury Notes 2-Year Long Futures | 45 | $9,942,539 | December 2020 | $3,063 |
1United States Treasury Notes 10-Year Long Futures | 96 | $13,368,000 | December 2020 | $21,437 |
1United States Treasury Notes 10-Year Ultra Long Futures | 2 | $318,875 | December 2020 | $808 |
1United States Treasury Ultra Bond Long Futures | 6 | $1,325,438 | December 2020 | $4,080 |
Short Futures | ||||
1Australia 10-Year Bond Short Futures | 223 | $24,254,689 | September 2020 | $271,416 |
1CAC 40 10-Year Euro Short Futures | 155 | $9,142,107 | September 2020 | $134,045 |
1DAX Index Short Futures | 4 | $1,542,524 | September 2020 | $8,593 |
1Euro Bund Short Futures | 72 | $15,084,328 | September 2020 | $(4,422) |
1FTSE JSE Top 40 Short Futures | 70 | $2,109,838 | September 2020 | $21,235 |
1Hang Seng Index Short Futures | 31 | $5,014,871 | September 2020 | $16,352 |
1IBEX 35 Index Short Futures | 28 | $2,324,064 | September 2020 | $49,562 |
28
Description | Number of Contracts | Notional Value | Expiration Date | Value and Unrealized Appreciation (Depreciation) |
1Japan 10-Year Bond Short Futures | 8 | $11,449,936 | September 2020 | $26,035 |
1MSCI Singapore IX ETS Short Futures | 348 | $7,447,003 | September 2020 | $16,158 |
1MSCI Taiwan Index Short Futures | 64 | $3,143,040 | September 2020 | $ (803) |
1S&P/TSX 60 IX Short Futures | 18 | $2,729,635 | September 2020 | $(2,044) |
1SPI 200 Short Futures | 154 | $17,122,596 | September 2020 | $(82,733) |
1United States Treasury Notes 5-Year Short Futures | 27 | $3,402,844 | December 2020 | $(7,865) |
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $2,554,017 |
The average notional value of long and short futures contracts held by the Fund throughout the period was $96,716,291 and $84,639,867, respectively. This is based on the contracts held as of each month-end throughout the nine-month period.
The average market value of written put and call options held by the Fund throughout the period was $9,049 and $43,337, respectively. This is based on amounts held as of each month-end throughout the nine-month period.
The average market value of purchased put and call options held by the Fund throughout the period was $5,109 and $7,444, respectively. This is based on amounts held as of each month-end throughout the nine-month period.
Net Unrealized Appreciation/Depreciation on Foreign Exchange Contracts and Futures Contracts are included in “Other Assets and Liabilities—Net”.
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 August 31, 2020, were as follows:
Affiliates | Value as of 11/30/2019 | Purchases at Cost | Proceeds From Sales | Change in Unrealized Appreciation/ Depreciation | Net Realized Gain/ (Loss) | Value as of 8/31/2020 | Shares held | Dividend/ Income |
Bank Loan Core Fund | $ 2,151,295 | $ 2,687,104 | $(881,300) | $ 23,891 | $(1,794) | $ 3,979,196 | 425,128 | $ 76,606 |
Emerging Markets Core Fund | $ 39,273,404 | $ 8,760,609 | $(10,210,000) | $ 1,072,551 | $(37,909) | $ 38,858,655 | 3,843,586 | $ 1,360,750 |
High Yield Bond Core Fund | $ 3,532,228 | $ 1,541,826 | $(1,755,020) | $(26,889) | $ 116,336 | $ 3,408,481 | 552,428 | $ 147,633 |
Mortgage Core Fund | $ 21,999,566 | $ 6,651,349 | $(11,870,900) | $ 382,131 | $ 63,743 | $ 17,225,889 | 1,702,163 | $ 368,873 |
Project and Trade Finance Core Fund | $ 4,911,439 | $ 986,717 | $(2,600,000) | $ 81,305 | $(208,103.00) | $ 3,171,358 | 360,381 | $ 112,229 |
TOTAL OF AFFILIATED TRANSACTIONS | $ 71,867,932 | $ 20,627,605 | $(27,317,220) | $ 1,532,989 | $(67,727) | $ 66,643,579 | 6,883,686 | $2,066,091 |
1
Non-income-producing security.
2
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 August 31, 2020, these restricted securities amounted to $1,417,956, which represented 0.4% of total net assets.
Additional information on restricted securities held at August 31, 2020, is as follows:
Security | Acquisition Date | Cost | Market Value |
HK Electric Investments Ltd. | 2/6/2016 | $549,861 | $594,600 |
Phosagro OAO, GDR | 1/3/2019 | $37,835 | $35,486 |
Gulf Energy Development PCL | 6/2/2020 | $124,369 | $104,224 |
Meituan Dianping | 7/2/2020 | $474,479 | $683,646 |
3
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”).
4
Floating/variable note with current rate and current maturity or next reset date shown.
5
The High Yield Bond Core Fund is a diversified portfolio of below investment grade bonds.
6
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total net assets at August 31, 2020.
29
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, and the actual value obtained could be materially different.
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, 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.
30
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.
The following is a summary of the inputs used, as of August 31, 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 | $126,134,615 | $— | $4,534 | $126,139,149 |
International | 15,464,369 | 104,828,841 | — | 120,293,210 |
Debt Securities: | ||||
Asset-Backed Securities | — | 2,857,957 | — | 2,857,957 |
Commercial Mortgage-Backed Securities | — | 1,203,391 | — | 1,203,391 |
Collateralized Mortgage Obligations | — | 1,480,247 | — | 1,480,247 |
Corporate Bonds | — | 27,330,010 | 21,071 | 27,351,081 |
Mortgage-Backed Securities | — | 71,373 | — | 71,373 |
Government Agencies | — | 842,228 | — | 842,228 |
Foreign Governments/Agencies | — | 24,970,935 | — | 24,970,935 |
Municipal Bonds | — | 450,047 | — | 450,047 |
U.S. Treasuries | — | 6,557,394 | — | 6,557,394 |
Purchased Call Option | — | 4,605 | — | 4,605 |
Investment Companies1 | 63,472,221 | — | — | 66,643,579 |
TOTAL SECURITIES | $205,071,205 | $170,597,028 | $25,605 | $378,865,196 |
Other Financial Instruments | ||||
Assets | ||||
Futures Contracts | $3,212,484 | $— | $— | $3,212,484 |
Foreign Exchange Contracts | — | 349,430 | — | 349,430 |
Liabilities | ||||
Futures Contracts | (658,467) | — | — | (658,467) |
Foreign Exchange Contracts | — | (415,675) | — | (415,675) |
TOTAL OTHER FINANCIAL INSTRUMENTS | $2,554,017 | $(66,245) | $— | $2,487,772 |
1
As permitted by U.S. generally accepted accounting principles, an Investment Company valued at $3,171,358 is measured at fair value using the 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 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 |
GO | —General Obligation |
JPY | —Japanese Yen |
LIBOR | —London Interbank Offered Rate |
MTN | —Medium Term Note |
NOK | —Norwegian Krone |
PLN | —Polish Zloty |
REIT | —Real Estate Investment Trust |
REMIC | —Real Estate Mortgage Investment Conduit |
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