Federated Hermes Global Allocation Fund
Portfolio of Investments
February 28, 2021 (unaudited)
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—61.7% | |||
Communication Services—4.7% | |||
16,115 | Activision Blizzard, Inc. | $1,540,755 | |
631,541 | 1 | Alibaba Pictures Group Ltd. | 87,855 |
910 | 1 | Alphabet, Inc., Class A | 1,839,938 |
1,123 | 1 | Alphabet, Inc., Class C | 2,287,394 |
40,806 | America Movil S.A.B. de C.V. | 26,078 | |
54,940 | Auto Trader Group PLC | 420,303 | |
1,517 | 1 | CarGurus, Inc. | 39,366 |
8,884 | 1 | China Literature Ltd. | 82,706 |
673,966 | China Tower Corp Ltd. | 101,244 | |
579 | 1 | Consolidated Communications Holdings, Inc. | 3,046 |
6,511 | 1 | Facebook, Inc. | 1,677,364 |
1,281 | 1 | GOGO, Inc. | 15,180 |
615 | Gray Television, Inc. | 11,162 | |
2,708 | Hellenic Telecommunication Organization SA | 41,552 | |
466 | Iliad SA | 82,419 | |
1,285 | Info Edge India Ltd. | 85,275 | |
9,198 | Intouch Holdings Public Co. Ltd. | 16,883 | |
372 | Kakao Corp. | 161,412 | |
4,275 | Konami Corp. | 276,169 | |
6,796 | LG Uplus Corp. | 71,269 | |
289 | 1 | Loral Space & Communications Ltd. | 12,814 |
9,070 | Mobile Telesystems, ADR | 74,555 | |
1,570 | 1 | MSG Networks, Inc. | 26,627 |
4,084 | MTN Group Ltd. | 19,616 | |
134 | NCsoft Corp. | 111,428 | |
7,678 | NetEase, Inc. | 167,874 | |
4,726 | New York Times Co., Class A | 241,829 | |
1,526 | Nexon Co., Ltd. Tokyo | 48,078 | |
649 | NHN Corp. | 216,418 | |
477 | Nintendo Co. Ltd. | 289,740 | |
15,254 | Omnicom Group, Inc. | 1,048,407 | |
3,664 | 1 | Orbcomm, Inc. | 27,956 |
12,654 | Proximus | 246,676 | |
12,655 | Quebecor, Inc., Class B | 327,164 | |
6,272 | Scout24 Holding GmbH | 471,722 | |
1,977 | 1 | Sina Corp. | 85,347 |
437 | SK Telecom Co. Ltd. | 96,064 | |
1,430 | Square Enix Holdings Co. Ltd. | 81,023 | |
6,342 | 1 | Take-Two Interactive Software, Inc. | 1,169,845 |
619 | 1 | TechTarget, Inc. | 51,767 |
304 | Tegna, Inc. | 5,542 | |
101,407 | Telefonica Deutschland Holding AG | 269,711 | |
6,441 | Telephone and Data System, Inc. | 115,230 | |
21,596 | Tencent Holdings Ltd. | 1,841,636 |
1
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Communication Services—continued | |||
25,384 | TIM S.A. | $57,977 | |
6,003 | 1 | T-Mobile USA, Inc. | 720,180 |
2,576 | Toho Co. Ltd. | 97,261 | |
19,371 | Vivendi SA | 667,618 | |
10,613 | Vodacom Group Ltd. | 87,254 | |
2,802 | 1 | Vonage Holdings Corp. | 37,042 |
1,847 | 1 | Yandex N.V. | 119,071 |
1,114 | 1 | Zillow Group, Inc. | 189,180 |
77,658 | 1 | Zynga, Inc. | 865,887 |
TOTAL | 18,755,909 | ||
Consumer Discretionary—8.4% | |||
9,884 | ABC-Mart, Inc. | 566,875 | |
407 | 1 | Adtalem Global Education, Inc. | 15,995 |
51,808 | 1 | Alibaba Group Holding Ltd. | 1,549,565 |
1,611 | 1 | Amazon.com, Inc. | 4,982,710 |
1,440 | American Outdoor Brands Corp. | 24,782 | |
363 | 1 | American Public Education, Inc. | 10,687 |
5,267 | Anta Sports Products Ltd. | 80,738 | |
32,808 | Aramark | 1,217,833 | |
255,447 | Asset World Corp PCL | 40,950 | |
1,493 | 1 | Bajaj Holdings & Investment Ltd. | 76,708 |
3,447 | Balkrishna Industries Ltd. | 72,622 | |
555 | Bally’s Corp. | 33,034 | |
14,753 | Berkeley Group Holdings PLC | 830,166 | |
774 | Big Lots, Inc. | 49,180 | |
227 | 1 | Bluegreen Vacations Corp. | 1,816 |
6,274 | BorgWarner, Inc. | 282,330 | |
72,966 | Brilliance China Automotive Holdings Ltd. | 65,397 | |
4,570 | BYD Co. Ltd. | 115,751 | |
5,209 | Canadian Tire Corp. Ltd. | 673,085 | |
1,462 | Carriage Services, Inc. | 48,188 | |
12,798 | Casio Computer Co. Ltd. | 248,987 | |
14,294 | 1 | China East Education Holdings | 32,137 |
15,206 | China Education Group Holdings Ltd. | 28,189 | |
18,068 | China Meidong Auto Holdings Ltd. | 69,161 | |
30,832 | China Yuhua Education Corp. Ltd. | 25,494 | |
1,134 | Coway Co. Ltd. | 65,255 | |
915 | 1 | CROCs, Inc. | 70,199 |
15,360 | D. R. Horton, Inc. | 1,180,723 | |
273 | 1 | Deckers Outdoor Corp. | 89,028 |
806 | 1 | Delivery Hero SE | 102,789 |
772 | Dine Brands Global, Inc. | 61,073 | |
12,517 | Dollarama, Inc. | 476,346 | |
36,194 | Dongfeng Motor Group Co. Ltd. | 33,668 | |
6,773 | eBay, Inc. | 382,133 | |
408 | 1 | Etsy, Inc. | 89,870 |
310 | Franchise Group, Inc. | 10,875 | |
12,491 | Fuyao Glass Industry Group Co. Ltd. | 76,519 | |
32,006 | Geely Automobile Holdings Ltd. | 103,600 |
2
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
47,239 | Gentex Corp. | $1,671,316 | |
497,777 | 1 | Gome Electrical Appliances Holdings Ltd. | 146,060 |
434 | 1 | Goodyear Tire & Rubber Co. | 7,296 |
24,928 | Great Wall Motor Company Limited | 72,242 | |
1,282 | 1 | Green Brick Partners, Inc. | 25,294 |
311 | Group 1 Automotive, Inc. | 47,409 | |
45,501 | Guangzhou Automobile Group Co. Ltd. | 42,159 | |
9,657 | Haidilao International Holding Ltd. | 79,200 | |
968 | 1 | HelloFresh SE | 75,101 |
168 | Hermes International | 186,682 | |
52 | 1 | Hibbett Sports, Inc. | 3,342 |
5,656 | Home Depot, Inc. | 1,461,171 | |
104,513 | Home Product Center Public Co. Ltd. | 45,303 | |
201 | Hyundai Motor Co. | 42,319 | |
9,791 | Iida Group Holdings Co. Ltd. | 223,167 | |
622 | Jack in the Box, Inc. | 63,662 | |
4,546 | 1 | JD.com, Inc. | 214,046 |
183 | Johnson Outdoors, Inc., Class A | 22,084 | |
2,040 | 1 | Jubilant Foodworks Ltd. | 82,698 |
19 | Kia Motors Corp. | 1,342 | |
5,633 | Koito Manufacturing Co. Ltd. | 374,549 | |
4,169 | 1 | Koolearn Technology Holding Ltd. | 11,649 |
9,992 | La Francaise des Jeux SAEM | 450,007 | |
471 | LCI Industries | 66,383 | |
649 | Lear Corp. | 107,792 | |
1,706 | Lennar Corp., Class A | 141,547 | |
3,805 | Lennar Corp., Class B | 251,739 | |
15,166 | Li Ning Co. Ltd. | 85,855 | |
4,907 | Lowe’s Cos., Inc. | 783,893 | |
264 | 1 | Lumber Liquidators, Inc. | 6,539 |
1,997 | LVMH Moet Hennessy Louis Vuitton SA | 1,264,545 | |
187 | M.D.C. Holdings, Inc. | 10,579 | |
7,391 | Magazine Luiza SA | 31,889 | |
12,415 | Magna International, Inc. | 1,045,705 | |
600 | 1 | MarineMax, Inc. | 26,790 |
613 | 1 | Marriott Vacations Worldwide Corp. | 104,032 |
14,355 | 1 | Meituan | 633,389 |
505 | 1 | Meritage Corp. | 42,577 |
9,952 | MGM Resorts International | 376,086 | |
1,665 | Michelin, Class B | 240,491 | |
5,440 | Minth Group Ltd. | 23,866 | |
162 | Murphy USA, Inc. | 20,193 | |
1,375 | Naspers Ltd., Class N | 319,789 | |
43,102 | Newell Brands, Inc. | 998,673 | |
7,630 | Next PLC | 802,012 | |
952 | 1 | ODP Corp./The | 36,433 |
283 | 1 | Overstock.com, Inc. | 19,009 |
2,146 | Pandora A/S | 208,069 | |
478 | Patrick Industries, Inc. | 37,729 |
3
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Discretionary—continued | |||
898 | 1 | Perdoceo Education Corp. | $11,557 |
14,928 | Petrobras Distribuidora SA | 53,061 | |
6,035 | 1 | Prosus NV | 714,882 |
1,108 | Pulte Group, Inc. | 49,982 | |
934 | Rent-A-Center, Inc. | 53,948 | |
188 | 1 | RH | 92,190 |
14,887 | Sega Sammy Holdings, Inc. | 249,819 | |
27,172 | Sekisui House Ltd. | 512,103 | |
635 | Service Corp. International | 30,328 | |
6,761 | Shenzhou International Group | 141,734 | |
3,808 | Shimamura Co. Ltd. | 379,015 | |
382 | Shimano, Inc. | 85,323 | |
1,063 | 1 | Signet Jewelers Ltd. | 52,916 |
105 | Sonic Automotive, Inc. | 4,842 | |
1,236 | 1 | Sportsman’s Warehouse Holdings, Inc. | 20,938 |
106 | 1 | Stamps.com, Inc. | 19,285 |
828 | Standard Motor Products, Inc. | 34,784 | |
11,677 | Stanley Electric Co. Ltd. | 348,864 | |
670 | Sturm Ruger & Co., Inc. | 45,694 | |
4,643 | Subaru Corp. | 87,715 | |
3,035 | Suzuki Motor Corp. | 132,256 | |
8,302 | 1 | Terminix Global Holdings, Inc. | 373,673 |
1,808 | 1 | Tesla, Inc. | 1,221,304 |
577 | 1 | The Aaron’s Company, Inc. | 12,671 |
34,797 | The Wendy’s Co. | 710,903 | |
2,001 | Thor Industries, Inc. | 234,237 | |
16,769 | 1,2 | Tongcheng-Elong Holdings Ltd. | 39,374 |
177 | 1 | TopBuild Corp. | 33,703 |
43,331 | Topsports International Holdings Ltd. | 63,665 | |
591 | 1 | Wayfair, Inc. | 170,787 |
286 | 1 | WW International, Inc. | 8,434 |
8,053 | Wyndham Hotels & Resorts, Inc. | 525,700 | |
32,271 | Yadae Group Holdings Ltd. | 70,213 | |
2,741 | Yum China Holding, Inc. | 164,021 | |
11,775 | Zhongsheng Group Holdings | 72,746 | |
206 | 1 | Zumiez, Inc. | 9,286 |
TOTAL | 33,750,113 | ||
Consumer Staples—4.1% | |||
34,030 | Albertsons Cos., Inc. | 550,265 | |
5,385 | Alimentation Couche-Tard, Inc., Class B | 161,855 | |
37,129 | Ambev SA | 92,885 | |
27,807 | Becle SA de CV | 57,539 | |
8,294 | BIM Birlesik Magazalar AS | 73,738 | |
1,008 | 1 | BJ’s Wholesale Club Holdings, Inc. | 40,501 |
1,756 | Britannia Industries | 80,169 | |
393 | Calavo Growers, Inc. | 29,573 | |
306 | 1 | Central Garden & Pet Co., Class A | 12,702 |
55,524 | Charoen Pokphand Foods Public Co. Ltd. | 52,093 | |
8,273 | China Feihe Ltd. | 22,628 |
4
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
7,641 | China Mengniu Dairy Co. Ltd. | $41,947 | |
13,523 | China Resources Enterprises Ltd. | 102,442 | |
204 | CJ CheilJedang Corp. | 73,741 | |
5,028 | Clicks Group, Ltd. | 81,298 | |
87,332 | Coca-Cola Amatil Ltd. | 899,479 | |
65 | Coca-Cola Bottling Co. | 16,683 | |
382 | Cosmos Pharmaceutical Corp. | 54,718 | |
7,734 | Dali Foods Group Co. Ltd. | 4,706 | |
471 | Edgewell Personal Care Co. | 14,408 | |
2,330 | Empire Co. Ltd., Class A | 64,759 | |
6,599 | George Weston Ltd. | 484,684 | |
3,556 | Gruma S.A., Class B | 38,754 | |
35,451 | Grupo Bimbo S.A.B. de CV, Class A | 66,357 | |
1,680 | 1 | Hain Celestial Group, Inc. | 70,862 |
13,027 | 1 | Herbalife Ltd. | 585,954 |
746 | Hindustan Lever Ltd. | 21,562 | |
7,684 | Imperial Brands PLC | 142,667 | |
61,125 | Indofood CBP Sukses Makmur TBK PT | 36,789 | |
33,946 | ITC Ltd. | 93,861 | |
17,579 | JBS S.A. | 80,991 | |
16,800 | Kesko | 426,395 | |
170 | Kimberly-Clark Corp. | 21,816 | |
42,479 | Kimberly-Clark de Mexico | 68,061 | |
1,052 | Kobe Bussan Co. Ltd. | 26,990 | |
1,158 | Koninklijke Ahold NV | 30,512 | |
1,252 | Korea Tobacco & Ginseng Corp. | 87,205 | |
3,464 | Kroger Co. | 111,575 | |
12,149 | Lamb Weston Holdings, Inc. | 969,126 | |
10,037 | Lion Corp. | 192,711 | |
11,333 | Loblaw Cos. Ltd. | 546,168 | |
3,357 | L’Oreal SA | 1,223,961 | |
5,075 | 2 | Magnit, GDR | 68,868 |
13,792 | 1 | Marico Ltd. | 73,967 |
6,637 | Metro, Inc., Class A | 275,890 | |
9,007 | Mondelez International, Inc. | 478,812 | |
19,302 | 1 | Monster Beverage Corp. | 1,693,558 |
387 | Nestle India Ltd. | 84,908 | |
20,827 | Nestle S.A. | 2,174,877 | |
6,889 | Nu Skin Enterprises, Inc., Class A | 352,579 | |
2,266 | Perlis Plantations Bhd | 10,497 | |
857 | Pigeon Corp. | 30,940 | |
23,320 | 1 | Pilgrim’s Pride Corp. | 522,135 |
24,460 | PT Gudang Garam Tbk | 62,900 | |
140,646 | PT Indofood Sukses Makmur | 59,739 | |
81,426 | Puregold Price Club, Inc. | 62,104 | |
16,351 | 1 | Raia Drogasil S.A. | 67,777 |
9,456 | Reckitt Benckiser Group PLC | 790,783 | |
481 | Remy Cointreau SA | 91,680 | |
797 | 1 | Rite Aid Corp. | 15,605 |
5
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Consumer Staples—continued | |||
226 | Sanfilippo (John B. & Sons), Inc. | $19,540 | |
11,297 | Seven & I Holdings Co. Ltd. | 431,450 | |
9,187 | Shoprite Holdings Ltd. | 80,593 | |
765 | SpartanNash Co. | 13,946 | |
40,000 | Standard Foods Taiwan Ltd. | 79,004 | |
72,812 | Sun Art Retail Group, Ltd. | 62,834 | |
4,102 | Sundrug Co. Ltd. | 154,604 | |
3,804 | Suntory Beverage and Food Ltd. | 130,812 | |
7,922 | Tata Global Beverages Ltd. | 65,080 | |
140,541 | Thai Union Frozen Products Public Co. Ltd. | 64,385 | |
263 | The Spar Group, Ltd. | 3,311 | |
17,166 | Tingyi (Cayman Isln) Hldg Co. | 34,466 | |
3,151 | Toyo Suisan Kaisha Ltd. | 134,193 | |
7,505 | Tsingtao Brewery Co. Ltd. | 61,984 | |
300 | Turning Point Brands, Inc. | 14,760 | |
347 | Universal Corp. | 17,635 | |
273 | 1 | USANA Health Sciences, Inc. | 26,497 |
5,772 | Vector Group Ltd. | 78,788 | |
5,844 | Vinda International Holdings Ltd. | 17,439 | |
152 | 1 | Vital Farms, Inc. | 4,122 |
95,125 | Want Want China Holdings Ltd. | 68,652 �� | |
163,645 | WH Group Ltd. | 146,783 | |
1,712 | Yakult Honsha Co. Ltd. | 85,053 | |
2,536 | Yihai International Holding Ltd. | 34,687 | |
TOTAL | 16,603,367 | ||
Energy—1.5% | |||
492 | Cactus, Inc. | 15,680 | |
118,942 | China Petroleum & Chemical Corp. | 65,612 | |
3,586 | Devon Energy Corp. | 77,242 | |
7,755 | Exxaro Resources Ltd. | 87,455 | |
23,675 | Exxon Mobil Corp. | 1,287,210 | |
1,978 | 1 | Frank’s International N.V. | 8,960 |
49,931 | Imperial Oil Ltd. | 1,094,276 | |
25,860 | Murphy Oil Corp. | 422,294 | |
42 | Nabors Industries Ltd. | 4,662 | |
793 | 1 | National Energy Services Reunited Corp. | 10,507 |
4,658 | 1 | Oceaneering International, Inc. | 54,964 |
9,877 | Parkland Fuel Corp. | 313,866 | |
97,177 | PetroChina Co. Ltd. | 34,606 | |
21,317 | Petronet LNG Ltd. | 74,649 | |
11,804 | Phillips 66 | 980,322 | |
3,835 | 1 | Propetro Holding Corp. | 43,988 |
41,468 | PT United Tractors | 65,568 | |
9,932 | PTT Exploration and Production Public Co. | 37,358 | |
41,913 | PTT Public Co. Ltd. | 54,979 | |
7,502 | Reliance Industries Ltd. | 211,312 | |
528 | 1 | Renewable Energy Group, Inc. | 41,063 |
3,012 | RPC, Inc. | 19,126 | |
3,100 | Targa Resources, Inc. | 95,883 |
6
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Energy—continued | |||
200 | Tupras Turkiye Petrol Rafinerileri A.S. | $2,715 | |
9,645 | Valero Energy Corp. | 742,472 | |
1,699 | World Fuel Services Corp. | 52,805 | |
48,606 | Yanzhou Coal Mining Co. Ltd., Class H | 45,049 | |
TOTAL | 5,944,623 | ||
Financials—8.9% | |||
8,683 | Ageas | 486,568 | |
5,047 | Allianz SE | 1,219,345 | |
10,678 | Allstate Corp. | 1,138,275 | |
9,217 | Ally Financial, Inc. | 382,505 | |
659 | Amalgamated Bank | 11,572 | |
1,777 | American Equity Investment Life Holding Co. | 49,098 | |
3,546 | Ameriprise Financial, Inc. | 784,517 | |
79,475 | AMMB Holdings Bhd | 61,938 | |
1,475 | Artisan Partners Asset Management, Inc. | 70,062 | |
33,541 | Assicurazioni Generali SpA | 629,344 | |
598 | Axis Bank Ltd. | 5,881 | |
12,294 | B3 SA - Brasil Bolsa Balcao | 119,119 | |
17,952 | 1 | Banco Bradesco SA | 65,956 |
1,681 | Banco de Credito E Inversiones | 72,916 | |
1,476,513 | Banco Santander Chile SA | 84,443 | |
3,210 | 1 | Bancorp, Inc., DE | 65,067 |
68,215 | Bank of America Corp. | 2,367,743 | |
292,388 | Bank of China Ltd. | 102,495 | |
158,456 | Bank of Communications Ltd. | 89,408 | |
38,160 | Bank of New York Mellon Corp. | 1,608,826 | |
45,652 | Bank of The Philippine Islands | 84,001 | |
1,100 | Bank Pekao SA | 19,879 | |
1,535 | 1 | Bank Zachodni WBK S.A. | 86,098 |
2,246 | BankUnited, Inc. | 90,267 | |
1,209 | Banque Cantonale Vaudoise (BCV) | 126,777 | |
13,503 | BB Seguridade Participacoes SA | 61,272 | |
272 | 1 | Berkshire Hathaway, Inc., Class B | 65,419 |
2,432 | Brightsphere Investment Group, Inc. | 44,019 | |
1,122 | Cathay Bancorp, Inc. | 42,232 | |
64,153 | Cathay Financial Holding Co. Ltd. | 96,732 | |
12,077 | Chailease Holding Co. Ltd. | 74,667 | |
18,788 | Charles Schwab Corp. | 1,159,595 | |
173,176 | China Cinda Asset Management Co. Ltd. | 34,353 | |
32,408 | China CITIC Bank Corp. Ltd. | 15,345 | |
251,501 | China Construction Bank Corp. | 201,927 | |
246,904 | China Development Financial Holding Corp. | 82,512 | |
158,951 | China Everbright Bank Co. Ltd. | 68,962 | |
110,843 | China Huarong Asset Management Co. Ltd. | 13,138 | |
6,134 | China International Capital Corp. Ltd. | 14,148 | |
55,838 | China Life Insurance Co. Ltd. | 117,716 | |
17,545 | China Merchants Bank Co. Ltd. | 134,610 | |
138,030 | China Minsheng Banking Corp. Ltd. | 82,382 | |
9,796 | China Pacific Insurance Group Co. Ltd. | 44,940 |
7
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
26,422 | Chinatrust Financial Holding Co. Ltd. | $18,993 | |
172,916 | Chongqing Rural Commercial Bank Co., Ltd. | 76,155 | |
50,736 | CI Financial Corp. | 710,448 | |
25,129 | CITIC Securities Co. Ltd. | 54,080 | |
11,211 | Citigroup, Inc. | 738,581 | |
380 | Cohen & Steers, Inc. | 24,464 | |
2,957 | ConnectOne Bancorp, Inc. | 68,691 | |
14,524 | DBS Group Holdings Ltd. | 287,874 | |
3,946 | Deutsche Boerse AG | 644,710 | |
2,017 | Dime Community Bancorp, Inc. | 59,320 | |
1,670 | Dongbu Insurance Co. Ltd. | 61,549 | |
111,917 | E.Sun Financial Holding Co. Ltd. | 101,583 | |
658 | Eagle Bancorp, Inc. | 32,170 | |
2,524 | 1 | Enova International, Inc. | 77,487 |
348 | EQT AB | 9,679 | |
7,359 | Exor NV | 589,634 | |
871 | Farmers National Banc Corp. | 12,055 | |
8,113 | FinecoBank Banca Fineco SPA | 142,629 | |
3,296 | First American Financial Corp. | 173,172 | |
5,286 | First Financial Holding Co. Ltd. | 3,959 | |
3,086 | First Foundation, Inc. | 70,515 | |
18,090 | FirstRand Ltd. | 59,975 | |
19,202 | 1 | Genworth Financial, Inc., Class A | 59,910 |
18,192 | Gjensidige Forsikring ASA | 417,742 | |
895 | Great-West Lifeco, Inc. | 22,906 | |
23,684 | Haitong Securities Co. Ltd. | 21,624 | |
3,102 | Hana Financial Holdings | 102,262 | |
55,992 | Hang Seng Bank Ltd. | 1,085,799 | |
4,830 | Hannover Rueckversicherung SE | 817,019 | |
25,410 | Hargreaves Lansdown PLC | 534,537 | |
1,863 | HDFC Asset Management Co Ltd. | 73,728 | |
165 | Hingham Institution for Savings | 39,993 | |
8,556 | Hong Kong Exchanges & Clearing Ltd. | 520,925 | |
3,950 | Housing Development Finance Corp. Ltd. | 136,337 | |
95,508 | Hua Nan Financial Holdings Co. Ltd. | 62,270 | |
22,969 | Huatai Securities Co. Ltd. | 34,145 | |
3,358 | Hyundai Marine & Fire Insurance Co. | 65,429 | |
9,194 | ICICI Bank Ltd. | 74,904 | |
3,949 | ICICI Lombard General Insurance Co. Ltd. | 76,070 | |
104,813 | Industrial & Commercial Bank of China | 68,342 | |
5,581 | Industrivarden AB | 184,303 | |
1,972 | International Bancshares Corp. | 85,940 | |
151,704 | Intesa Sanpaolo SpA | 390,649 | |
4,672 | Investors Bancorp, Inc. | 62,324 | |
1,292 | James River Group Holdings Ltd. | 59,316 | |
654 | JPMorgan Chase & Co. | 96,249 | |
188,926 | Krung Thai Bank PLC | 73,511 | |
1,675 | Krungthai Card PCL | 3,484 | |
311,767 | Legal & General Group PLC | 1,125,809 |
8
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
3,541 | London Stock Exchange Group PLC | $474,344 | |
1,282 | Luther Burbank Corp. | 13,089 | |
14,319 | Mercury General Corp. | 836,230 | |
387 | Meta Financial Group, Inc. | 17,140 | |
6,112 | 1 | Moneta Money Bank AS | 22,329 |
27,495 | Morgan Stanley | 2,113,541 | |
1,236 | 1 | Mr. Cooper Group, Inc. | 38,872 |
856 | National Bank Holdings Corp. | 33,170 | |
416 | NBT Bancorp, Inc. | 15,072 | |
8,281 | New China Life Insurance Co. Ltd. | 31,560 | |
10,755 | NN Group NV | 495,555 | |
671 | 1 | Oportun Financial Corp. | 10,951 |
10,534 | ORIX Corp. | 181,147 | |
1,059 | OTP Bank RT | 48,176 | |
4,205 | Oversea-Chinese Banking Corp. Ltd. | 34,447 | |
178 | Partners Group Holding AG | 213,174 | |
1,270 | Pennymac Financial Services, Inc. | 75,197 | |
123,546 | People’s Insurance, Co. (Group) of China Ltd. | 38,530 | |
25,682 | Ping An Insurance (Group) Co. of China Ltd. | 315,383 | |
377 | Piper Jaffray Cos., Inc. | 40,083 | |
940 | PJT Partners, Inc. | 65,537 | |
11,915 | Powszechna Kasa Oszczednosci Bank Polski SA | 95,711 | |
5,197 | Progressive Corp., OH | 446,682 | |
15,548 | PT Bank Central Asia | 36,668 | |
11,039 | PT Bank Rakyat Indonesia Tbk | 3,648 | |
117,127 | Public Bank Berhad | 120,192 | |
1,220 | QCR Holdings, Inc. | 50,508 | |
36,888 | Rand Merchant Investment Holdings Ltd. | 74,151 | |
186 | Republic Bancorp, Inc. | 7,819 | |
54,834 | RHB Capital Berhad | 73,231 | |
486 | Samsung Fire & Marine Insurance | 74,793 | |
1,149 | Samsung Life Insurance Co., Ltd. | 76,528 | |
1,987 | Samsung Securities Co. Ltd. | 64,620 | |
7,183 | 1 | SBI Life Insurance Co. Ltd. | 84,514 |
22,161 | Schroders PLC | 1,081,237 | |
3,752 | Shinhan Financial Group Co. Ltd. | 109,923 | |
152 | 1 | Silvergate Capital Corp. | 19,389 |
12,353 | Singapore Exchange Ltd. | 92,080 | |
200,023 | Sinopac Holdings Co. | 83,721 | |
237 | Stifel Financial Corp. | 14,476 | |
9,760 | Sun Life Financial Services of Canada | 469,670 | |
29,047 | Swedbank AB | 507,995 | |
3,979 | Swiss Re AG | 373,658 | |
6,657 | Synchrony Financial | 257,493 | |
124,696 | Taiwan Cooperative Financial Holding Co. Ltd. | 89,490 | |
731 | The First of Long Island Corp. | 13,582 | |
17,810 | U.S. Bancorp | 890,500 | |
992 | UMB Financial Corp. | 83,695 | |
67,522 | Wells Fargo & Co. | 2,442,271 |
9
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Financials—continued | |||
125,409 | Yuanta Financial Holding Co. Ltd. | $95,819 | |
TOTAL | 35,436,910 | ||
Health Care—7.1% | |||
33,856 | 1 | 3SBio, Inc. | 33,692 |
3,973 | Abbott Laboratories | 475,886 | |
6,294 | AbbVie, Inc. | 678,116 | |
9,856 | 1,3 | Achillion Pharmaceuticals, Inc. | 4,534 |
123 | 1 | AdaptHealth Corp. | 3,785 |
236 | 1 | Addus Homecare Corp. | 25,387 |
13,384 | Alfresa Holdings Corp. | 261,048 | |
4,183 | Ambu A/S | 193,554 | |
625 | 1 | AMN Healthcare Services, Inc. | 45,544 |
14,660 | 1 | Amneal Pharmaceuticals, Inc | 79,017 |
210 | 1 | Amphastar Pharmaceuticals, Inc. | 3,681 |
2,596 | 1 | Antares Pharma, Inc. | 11,033 |
913 | Anthem, Inc. | 276,812 | |
3,100 | 1 | Antigenics, Inc. | 12,400 |
3,348 | 1 | Avid Bioservices, Inc. | 68,902 |
5,517 | 1 | BeyondSpring, Inc. | 71,611 |
15,592 | 1 | BioDelivery Sciences International, Inc. | 65,486 |
5,140 | 1 | BioMarin Pharmaceutical, Inc. | 397,990 |
1,479 | 1 | Bio-Rad Laboratories, Inc., Class A | 864,476 |
147 | 1 | CanSino Biologics, Inc. | 6,990 |
4,794 | Cardinal Health, Inc. | 246,987 | |
4,388 | Carl Zeiss Meditec AG | 655,873 | |
207 | 1 | Celltrion, Inc. | 54,744 |
1,950 | 1 | Chimerix, Inc. | 19,130 |
20,004 | China Medical System Holding Ltd. | 31,250 | |
98,897 | China Pharmaceutical Enterprise and Investment Corp. Ltd. | 103,714 | |
18,827 | China Resources Pharmaceutical Group Ltd. | 12,049 | |
1,765 | 1 | Chinook Therapeutics, Inc. | 29,193 |
7,145 | Cipla Ltd. | 76,196 | |
537 | 1 | Clovis Oncology, Inc. | 3,217 |
1,609 | Coloplast A.S., Class B | 245,407 | |
165 | CONMED Corp. | 20,305 | |
619 | 1 | Corvel Corp. | 62,829 |
7,278 | CVS Health Corp. | 495,850 | |
1,831 | 1 | Cytomx Therapeutics, Inc. | 14,373 |
1,739 | Divi’s Laboratories Ltd. | 79,348 | |
1,332 | Dr. Reddy’s Laboratories Ltd. | 80,078 | |
19,331 | 1 | Durect Corp. | 42,915 |
3,228 | Eisai Co. Ltd. | 223,719 | |
10,503 | Eli Lilly & Co. | 2,151,960 | |
9,409 | 1 | Endo International PLC | 74,613 |
366 | Ensign Group, Inc. | 30,019 | |
16,109 | 1 | Exelixis, Inc. | 348,921 |
4,031 | 1 | Five Prime Therapeutics, Inc. | 89,609 |
671 | 1 | Fulgent Genetics, Inc. | 67,945 |
5 | Gedeon Richter Rt | 143 |
10
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
10,845 | 1 | Genscript Biotech Corp. | $18,675 |
148 | GN Store Nord AS | 12,429 | |
2,338 | 1 | Gossamer Bio, Inc. | 21,977 |
4,826 | 1 | Hansoh Pharmaceutical Group Co. Ltd. | 24,498 |
24,407 | Hapvida Participacoes e Investimentos SA | 67,504 | |
15,887 | Hartalega Holdings BHD | 39,043 | |
4,299 | HCA Healthcare, Inc. | 739,557 | |
8,323 | Hisamitsu Pharmaceutical Co., Inc. | 522,087 | |
357 | 1 | HMS Holdings Corp. | 13,132 |
3,623 | Hoya Corp. | 411,237 | |
1,945 | Humana, Inc. | 738,419 | |
1,203 | 1 | IDEAYA Biosciences, Inc. | 22,941 |
190 | 1 | Inari Medical, Inc. | 19,874 |
7,581 | 1 | Innovent Biologics, Inc. | 77,938 |
32 | 1 | Integer Holdings Corp. | 2,822 |
7,761 | 1 | Ionis Pharmaceuticals, Inc. | 406,676 |
2,505 | Ipca Laboratories Ltd. | 62,801 | |
3,037 | 1 | Ironwood Pharmaceuticals, Inc. | 28,032 |
4,702 | 1 | IVERIC Bio, Inc. | 28,870 |
3,366 | Johnson & Johnson | 533,376 | |
9,073 | Kossan Rubber Industries Berhad | 8,825 | |
8,063 | Kyowa Hakko Kirin Co., Ltd. | 225,456 | |
2,189 | 1 | Lantheus Holdings, Inc. | 40,891 |
8,847 | 1 | Lexicon Pharmaceuticals, Inc. | 63,610 |
359 | 1 | LHC Group, Inc. | 65,234 |
25,886 | Luye Pharma Group | 17,563 | |
443 | 1 | MacroGenics, Inc. | 11,079 |
546 | 1 | Magellan Health, Inc. | 50,953 |
4,549 | 1 | Magenta Therapeutics, Inc. | 47,810 |
5,124 | McKesson Corp. | 868,620 | |
20,364 | Medipal Holdings Corp. | 405,659 | |
571 | 1 | Medpace Holdings, Inc. | 92,748 |
18,061 | Medtronic PLC | 2,112,595 | |
27,366 | Merck & Co., Inc. | 1,987,319 | |
8,554 | Microport Scientific Corp. | 50,302 | |
476 | 1 | ModivCare, Inc. | 61,052 |
1,459 | 1 | Molecular Templates, Inc., Class THL | 15,903 |
574 | 1 | Natus Medical, Inc. | 14,872 |
316 | 1 | NextGen Healthcare, Inc. | 5,909 |
10,517 | Novo Nordisk A/S | 748,215 | |
14,128 | 1 | Opko Health, Inc. | 63,576 |
95 | 1 | OraSure Technologies, Inc. | 1,007 |
6,664 | 1 | Organogenesis Holdings, Inc. | 101,359 |
66 | 1 | Orthofix Medical, Inc. | 3,070 |
1,452 | Owens & Minor, Inc. | 49,383 | |
969 | 1 | Pandion Therapeutics, Inc. | 58,334 |
165 | Patterson Cos., Inc. | 5,125 | |
2,424 | 1 | Ping An Healthcare and Technology Company Ltd. | 35,011 |
1,897 | 1 | Precision Biosciences, Inc. | 22,688 |
11
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Health Care—continued | |||
6,885 | 1,3 | Progenics Pharmaceuticals, Inc. | $0 |
493 | 1 | Progyny, Inc. | 20,750 |
2,017 | 1 | Puma Biotechnology, Inc. | 20,089 |
532 | 1 | R1 RCM, Inc. | 14,704 |
1,574 | 1 | Regeneron Pharmaceuticals, Inc. | 709,197 |
1,513 | 1 | Retractable Technologies, Inc. | 23,754 |
6,261 | Roche Holding AG | 2,046,608 | |
145 | 1 | Samsung Biologics Co. Ltd. | 96,729 |
11,891 | Sanofi | 1,088,460 | |
439 | Seegene, Inc. | 48,632 | |
22,444 | Shandong Weigao Group Medical Polymer Co., Ltd. | 38,613 | |
626 | Shanghai Fosun Pharmaceutical Co. Ltd. | 2,952 | |
40,671 | Shanghai Pharmaceuticals Holding Co. Ltd. | 74,534 | |
7,564 | Shionogi and Co. | 386,727 | |
4,723 | Siemens Healthineers AG | 260,757 | |
6,931 | 1 | Siga Technologies, Inc. | 43,804 |
46,806 | Sino Biopharmaceutical Ltd. | 52,067 | |
6,139 | Sinopharm Group Co. Ltd. | 14,369 | |
1,281 | 1 | Solid Biosciences, Inc. | 10,210 |
13,881 | 1 | Spectrum Pharmaceuticals, Inc. | 47,612 |
269 | 1 | SQZ Biotechnologies Company | 4,035 |
31,490 | SSY Group Ltd. | 16,907 | |
257 | Stedim | 112,238 | |
28,453 | Supermax Corporation Berhad | 33,850 | |
962 | 1 | Sutro Biopharma, Inc. | 21,356 |
1,015 | Torrent Pharmaceuticals Ltd. | 33,333 | |
1,456 | 1 | Travere Therapeutics, Inc. | 44,874 |
495 | 1 | Triple-S Management Corp., Class B | 12,524 |
6,708 | UnitedHealth Group, Inc. | 2,228,532 | |
4,989 | 1 | Vanda Pharmaceuticals, Inc. | 93,045 |
3,619 | 1 | Vertex Pharmaceuticals, Inc. | 769,218 |
1,053 | WuXi AppTec Co. Ltd. | 21,922 | |
12,523 | 1 | WuXi PharmaTech, Inc. | 154,702 |
591 | 1 | Zynex, Inc. | 8,581 |
TOTAL | 28,422,072 | ||
Industrials—7.4% | |||
401 | Acco Brands Corp. | 3,248 | |
9,082 | ACS Actividades de Construccion y Servicios, SA | 277,562 | |
712 | 1 | Aegion Corp. | 18,405 |
90,313 | Alfa, S.A. de C.V., Class A | 49,212 | |
1,008 | A-Living Smart City Services Co. Ltd. | 4,221 | |
344 | Altra Holdings, Inc. | 19,924 | |
20,405 | Amada Co. Ltd. | 252,618 | |
63 | 1 | American Woodmark Corp. | 5,885 |
154 | Apogee Enterprises, Inc. | 5,760 | |
679 | Applied Industrial Technologies, Inc. | 57,966 | |
390 | ArcBest Corp. | 23,006 | |
73 | Arcosa, Inc. | 4,141 | |
12,431 | Ashtead Group PLC | 671,796 |
12
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
575 | 1 | Atlas Air Worldwide Holdings, Inc. | $31,700 |
51,354 | AviChina Industry & Technology Co. Ltd. | 34,748 | |
139 | AZZ, Inc. | 7,102 | |
1,206 | Boise Cascade Co. | 60,228 | |
7,708 | Bouygues SA | 312,023 | |
222,113 | BTS Group Holdings PCL | 68,106 | |
25,803 | Bunzl PLC | 803,992 | |
7,566 | Caterpillar, Inc. | 1,633,348 | |
2,886 | Central Japan Railway Co. | 486,593 | |
11,615 | 1 | China COSCO Holdings Co. Ltd., Class H | 12,880 |
25,815 | China Lesso Group Holdings Ltd. | 47,660 | |
61,768 | China Railway Group Ltd. | 32,641 | |
61,018 | China Southern Airlines Co. Ltd. | 41,674 | |
460 | 1 | Cimpress PLC | 45,577 |
114,820 | Citic Pacific Ltd. | 97,124 | |
2,872 | 1 | Clean Harbors, Inc. | 244,551 |
527 | Comfort Systems USA, Inc. | 32,642 | |
4,259 | CoreLogic, Inc. | 360,567 | |
3,641 | Country Garden Services Holdings Co. Ltd. | 29,908 | |
555 | CSW Industrials, Inc. | 69,691 | |
1,337 | Deluxe Corp. | 52,852 | |
461 | Dover Corp. | 56,823 | |
374 | DSV Panalpina A/S | 68,588 | |
817 | 1 | Dycom Industries, Inc. | 62,566 |
8,879 | Eaton Corp. PLC | 1,155,957 | |
627 | 1 | Echo Global Logistics, Inc. | 17,468 |
2,651 | Elbit Systems Ltd. | 343,126 | |
543 | Emcor Group, Inc. | 52,872 | |
17,229 | Expeditors International Washington, Inc. | 1,582,311 | |
22,063 | Experian PLC | 697,504 | |
6,026 | Ferguson PLC | 706,032 | |
1,105 | 1 | Generac Holdings, Inc. | 364,164 |
8,523 | Genivar Income Fund | 738,178 | |
274 | 1 | GMS, Inc. | 10,028 |
5,097 | Graco, Inc. | 353,477 | |
1,484 | GS Engineering & Construction Corp. | 47,949 | |
18,592 | Haitian International Holdings Ltd. | 63,771 | |
2,485 | Han Wha | 64,663 | |
3,337 | HEICO Corp., Class A | 386,291 | |
2,945 | Hoshizaki Electric Co., Ltd. | 260,017 | |
401 | 1 | Hub Group, Inc. | 23,090 |
568 | 1 | IES Holdings, Inc. | 26,037 |
7,443 | IHS Markit Ltd. | 671,061 | |
8,909 | Illinois Tool Works, Inc. | 1,801,222 | |
589 | Insperity, Inc. | 52,244 | |
598 | Insteel Industries, Inc. | 18,466 | |
1,317 | 1 | JELD-WEN Holding, Inc. | 39,049 |
76,314 | Kajima Corp. | 982,359 | |
581 | KForce Com, Inc. | 29,834 |
13
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
1,567 | Knorr-Bremse AG | $199,379 | |
11,596 | Koc Holding A.S. | 33,604 | |
301 | Kone Corp. OYJ, Class B | 23,994 | |
1,090 | LG Corp. | 90,869 | |
5,944 | Localiza Rent A Car SA | 61,517 | |
4,041 | 1 | Lyft, Inc. | 225,084 |
3,142 | Makita Corp. | 133,515 | |
431 | Marten Transport Ltd. | 6,974 | |
7,496 | Masco Corp. | 398,937 | |
628 | 1 | Masonite International Corp. | 68,904 |
545 | 1 | Mastec, Inc. | 47,279 |
172 | Miller Industries, Inc. | 6,789 | |
6,616 | 1 | MRC Global, Inc. | 57,824 |
1,032 | Mueller Industries, Inc. | 41,940 | |
696 | 1 | MYR Group, Inc. | 41,029 |
18,288 | NIBE Industrier AB | 573,343 | |
5,953 | 1 | Now, Inc. | 63,280 |
48,292 | Obayashi Corp. | 421,202 | |
1,667 | Old Dominion Freight Lines, Inc. | 358,022 | |
946 | Pitney Bowes, Inc. | 8,022 | |
236 | 1 | Plug Power, Inc. | 11,418 |
491 | Primoris Services Corp. | 16,434 | |
1,909 | Quanex Building Products Corp. | 46,446 | |
4,529 | Regal Beloit Corp. | 618,978 | |
464 | Rockwool International A/S | 167,469 | |
548 | Rush Enterprises, Inc. | 23,252 | |
8,941 | Schneider Electric SA | 1,324,869 | |
39,513 | Schneider National, Inc. | 913,936 | |
8,837 | Secom Co. Ltd. | 770,458 | |
29,700 | Shimizu Corp. | 226,384 | |
9,573 | Sinotruk Hong Kong Ltd. | 30,526 | |
11,406 | SKF Ab, Class B | 310,706 | |
285 | SMC Corp. | 169,430 | |
5,512 | Sohgo Security Services Co. Ltd. | 249,722 | |
433 | Systemax, Inc. | 15,631 | |
12,624 | Taisei Corp. | 449,598 | |
746 | Terex Corp. | 30,720 | |
621 | Tetra Tech, Inc. | 85,928 | |
33,142 | Toppan Printing Co. Ltd. | 523,981 | |
1,708 | Toshiba Corp. | 54,125 | |
8,417 | Trane Technologies PLC | 1,289,821 | |
868 | 1 | Transdigm Group, Inc. | 500,550 |
1,456 | 1 | TriMas Corp. | 48,907 |
535 | 1 | TriNet Group, Inc. | 42,944 |
1 | Triton International Ltd. | 58 | |
9,381 | 1 | Uber Technologies, Inc. | 485,467 |
414 | UFP Industries, Inc. | 25,254 | |
776 | 1 | United Rentals, Inc. | 230,767 |
706 | Universal Truckload Services, Inc. | 16,527 |
14
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Industrials—continued | |||
258 | Vestas Wind Systems A/S | $48,244 | |
4,270 | Wabash National Corp. | 70,797 | |
31,077 | Wartsila OYJ, Class B | 354,897 | |
7,080 | Weg SA | 98,604 | |
19,094 | Weichai Power Co. Ltd., Class H | 56,274 | |
328 | Werner Enterprises, Inc. | 14,078 | |
7,305 | Wolters Kluwer NV | 578,825 | |
40,540 | Xinyi Solar Holdings Ltd. | 86,550 | |
25,467 | Zhejiang Expressway Co. Ltd. | 22,225 | |
16,072 | Zoomlion Heavy Industry Science and Technology Co., Ltd. | 24,444 | |
TOTAL | 29,471,249 | ||
Information Technology—12.4% | |||
3,115 | 1 | A10 Networks, Inc. | 29,094 |
11,614 | AAC Technologies Hldgs., Inc. | 62,458 | |
80,658 | Acer Sertek, Inc. | 77,810 | |
3,401 | 1 | Adobe, Inc. | 1,563,338 |
805 | Advanced Energy Industries, Inc. | 84,082 | |
2,394 | Advantest Corp. | 196,476 | |
1,392 | American Software, Inc., Class A | 28,118 | |
2,899 | Amkor Technology, Inc. | 69,257 | |
54,799 | Apple, Inc. | 6,644,927 | |
19,412 | Applied Materials, Inc. | 2,294,304 | |
1,867 | ASML Holding N.V. | 1,051,227 | |
4,783 | Asustek Computer, Inc. | 52,168 | |
4,945 | 1 | Avalara, Inc. | 776,068 |
1,031 | Benchmark Electronics, Inc. | 29,280 | |
1,053 | 1 | Blackbaud, Inc. | 72,467 |
870 | 1 | Box, Inc. | 15,965 |
22,285 | Brother Industries Ltd. | 442,015 | |
7,938 | BYD Electronic International Co. Ltd. | 44,123 | |
8,733 | 1 | Cadence Design Systems, Inc. | 1,232,139 |
618 | 1 | Cambium Networks Corp. | 26,135 |
3,892 | Capgemini SE | 623,309 | |
465 | Cass Information Systems, Inc. | 20,032 | |
1,550 | 1 | CGI, Inc., Class A | 115,708 |
393 | 1 | Check Point Software Technologies Ltd. | 43,324 |
22,706 | Chicony Electronics Co. Ltd. | 76,704 | |
36,059 | 1 | China Youzan Ltd. | 15,384 |
13,899 | 1 | Cirrus Logic, Inc. | 1,136,660 |
32,864 | Cisco Systems, Inc. | 1,474,608 | |
790 | 1 | CloudFlare, Inc. | 58,436 |
907 | 1 | Commvault Systems, Inc. | 57,803 |
103,537 | Compal Electronics, Inc. | 82,615 | |
190 | Constellation Software, Inc. | 246,006 | |
5,097 | Corning, Inc. | 194,909 | |
840 | 1 | Crowdstrike Holdings, Inc. | 181,440 |
783 | CSG Systems International, Inc. | 36,135 | |
212 | Delta Electronics, Inc. | 2,142 | |
68 | 1 | Diodes, Inc. | 5,339 |
15
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
573 | Disco Corp. | $179,520 | |
10,287 | 1 | Duck Creek Technologies LLC | 486,575 |
3,883 | 1 | Dynatrace Holdings LLC | 193,218 |
1,542 | 1 | Elastic N.V. | 207,229 |
346 | 1 | ePlus, Inc. | 32,718 |
566 | 1 | Fabrinet | 49,995 |
1,171 | 1 | Fastly, Inc. | 86,162 |
3,915 | 1 | Fortinet, Inc. | 661,048 |
3,448 | Fujitsu Ltd. | 496,755 | |
10,948 | Hexagon AB | 912,059 | |
8,637 | Hitachi Ltd. | 398,685 | |
27,367 | Hon Hai Precision Industry Co. Ltd. | 110,389 | |
570 | Hua Hong Semiconductor Ltd. | 3,519 | |
690 | 1 | Ichor Holdings Ltd. | 29,504 |
16,162 | Infosys Ltd. | 273,815 | |
603 | 1 | Insight Enterprises, Inc. | 50,405 |
186 | InterDigital, Inc. | 11,787 | |
6,883 | IT Holdings Corp. | 142,950 | |
5,785 | 1 | Jamf Holding Corp. | 216,359 |
3,561 | 1 | JFrog Ltd. | 190,478 |
772 | KBR, Inc. | 23,932 | |
674 | 1 | Kimball Electronics, Inc. | 15,826 |
20,549 | Kingboard Chemical Holdings Ltd. | 94,813 | |
27,049 | Kingboard Laminates Holdings Ltd. | 46,137 | |
7,522 | Kingdee International Software Group Co. Ltd. | 27,237 | |
3,797 | Kingsoft Corp. Ltd. | 26,740 | |
5,950 | KLA Corp. | 1,851,819 | |
89,224 | Lenovo Group Ltd. | 112,741 | |
2,670 | LG Display Co. Ltd. | 53,531 | |
425 | LG Innotek Co., Ltd. | 75,027 | |
42,145 | Lite-On Technology Corp. | 90,053 | |
10,025 | Logitech International SA | 1,067,420 | |
698 | ManTech International Corp., Class A | 54,556 | |
424 | Maximus, Inc. | 34,463 | |
3,197 | MediaTek, Inc. | 103,306 | |
981 | Methode Electronics, Inc., Class A | 38,190 | |
24,427 | Microsoft Corp. | 5,676,346 | |
2,075 | MKS Instruments, Inc. | 342,168 | |
97 | 1 | Napco Security Technologies, Inc. | 3,020 |
3,941 | 1 | nCino, Inc. | 269,486 |
685 | NIC, Inc. | 23,776 | |
307 | 1 | Nokia Oyj | 1,214 |
111 | 1 | OSI Systems, Inc. | 10,503 |
7,442 | Otsuka Corp. | 345,582 | |
3,432 | 1 | Paylocity Corp. | 656,164 |
10,467 | 1 | PayPal Holdings, Inc. | 2,719,850 |
10 | 1 | PC Connections, Inc. | 460 |
31,209 | Pegatron Corp. | 83,557 | |
1 | 1 | Photronics, Inc. | 12 |
16
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Information Technology—continued | |||
128 | 1 | Plexus Corp. | $10,749 |
1,219 | 1 | PTC, Inc. | 166,930 |
695 | QAD, Inc. | 44,619 | |
2,604 | Qualcomm, Inc. | 354,639 | |
441 | 1 | Qualys, Inc. | 42,848 |
33,317 | Quanta Computer, Inc. | 101,833 | |
416 | 1 | Rapid7, Inc. | 31,716 |
5,931 | Realtek Semiconductor Corp. | 98,340 | |
69,116 | Ricoh Co. Ltd. | 610,366 | |
3,036 | Rohm Co. Ltd. | 301,322 | |
1,425 | 1 | Salesforce.com, Inc. | 308,513 |
566 | Samsung Electro-Mechanics Co. | 95,143 | |
17,725 | Samsung Electronics Co. Ltd. | 1,299,887 | |
92 | Samsung SDI Co. Ltd. | 55,137 | |
93 | 1 | Sanmina Corp. | 3,313 |
878 | 1 | Semtech Corp. | 64,366 |
3,603 | Shimadzu Corp. | 130,802 | |
1,364 | SK Hynix, Inc. | 171,536 | |
4,522 | Skyworks Solutions, Inc. | 804,102 | |
486 | 1 | SPS Commerce, Inc. | 48,955 |
16,867 | STMicroelectronics N.V. | 649,412 | |
1,154 | 1 | StoneCo Ltd. | 99,025 |
3,422 | Sumisho Computer Systems Corp. | 202,462 | |
2,797 | Sunny Opitcal Technology Group Co. Ltd. | 69,745 | |
335 | 1 | Synaptics, Inc. | 44,900 |
44,655 | Synnex Technology International Corp. | 79,095 | |
4,322 | 1 | Synopsys, Inc. | 1,059,798 |
89,122 | Taiwan Semiconductor Manufacturing Co. Ltd. | 1,947,450 | |
4,313 | Tata Consultancy Services Ltd. | 170,281 | |
4,220 | 1 | TeamViewer AG | 226,469 |
1,325 | 1 | Tenable Holdings, Inc. | 54,206 |
23,404 | 1 | Teradata Corp. | 938,500 |
371 | 1 | Topicus.com, Inc. | 19,258 |
36,360 | TravelSky Technology Ltd. | 92,161 | |
1,428 | Trend Micro, Inc. | 68,583 | |
182 | TTEC Holdings, Inc. | 15,313 | |
180 | 1 | Tucows, Inc. | 14,224 |
1,100 | 1 | Tyler Technologies, Inc. | 509,762 |
547 | 1 | Ultra Clean Holdings, Inc. | 25,370 |
79,568 | United Microelectronics Corp. | 155,802 | |
936 | 1 | Unity Software, Inc. | 100,742 |
99 | 1 | Veritone, Inc. | 3,569 |
2,683 | Vishay Intertechnology, Inc. | 64,043 | |
99 | 1 | Vishay Precision Group, Inc. | 3,200 |
69,427 | Wistron Corp. | 79,726 | |
315 | 1 | Workiva, Inc. | 31,862 |
15,817 | Yokogawa Electric Corp. | 302,887 | |
772 | 1 | Zoom Video Communications, Inc. | 288,427 |
TOTAL | 49,804,492 |
17
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Materials—3.7% | |||
600 | African Rainbow Minerals Ltd. | $11,748 | |
12,609 | Amcor PLC | 137,942 | |
6,044 | Anhui Conch Cement Co. Ltd., Class H | 38,875 | |
696 | 1 | Arconic Corp. | 15,256 |
49,186 | Asia Cement Corp. | 75,300 | |
40,171 | BHP Billiton Ltd. | 1,514,783 | |
26,700 | BHP Steel Ltd. | 341,968 | |
4,417 | Cherepovets MK Severstal | 79,592 | |
17,377 | China Hongqiao Group Ltd. | 21,540 | |
43,189 | China Molybdenum Co. Ltd. | 33,377 | |
36,859 | China National Building Material Co. Ltd. | 55,781 | |
13,491 | China Resources Cement Holdings Ltd. | 16,071 | |
1,126 | 1 | Clearwater Paper Corp. | 39,421 |
9,158 | 1 | Companhia Vale Do Rio Doce | 154,458 |
1,642 | Eastman Chemical Co. | 179,405 | |
5,107 | 1,3 | Ferroglobe Representation & Warranty Insurance Trust | 0 |
5,526 | FMC Corp. | 561,939 | |
1,169 | 1 | Forterra, Inc. | 27,203 |
64,368 | Fortescue Metals Group Ltd. | 1,197,382 | |
10,415 | Gold Fields Ltd. | 85,869 | |
116 | Greif, Inc. | 5,742 | |
22,120 | Gujarat Ambuja Cements Ltd. | 81,956 | |
356 | Hawkins, Inc. | 22,286 | |
4,879 | Impala Platinum Holdings Ltd. | 79,099 | |
12,891 | Jiangxi Copper Co. Ltd. | 31,247 | |
1,256 | Koninklijke DSM NV | 206,664 | |
100 | 1 | Koppers Holdings, Inc. | 3,341 |
368 | Korea Kumho Petrochemical Co. Ltd. | 69,045 | |
83 | L.G. Chemical Ltd. | 61,311 | |
1,517 | Lee & Man Paper Manufacturing Ltd. | 1,405 | |
2,199 | Louisiana-Pacific Corp. | 104,694 | |
24,799 | Mitsubishi Gas Chemical Co., Inc. | 581,300 | |
9,996 | Newcrest Mining Ltd. | 187,891 | |
7,408 | Nine Dragons Paper Holdings Ltd. | 11,934 | |
5,321 | Nitto Denko Corp. | 457,233 | |
420 | Norilsk Nickel | 131,127 | |
371 | 1 | Northam Platinum Ltd. | 5,438 |
22,502 | Novolipetski Metallurgicheski Komb OAO | 67,214 | |
1,746 | Novozymes A/S, Class B | 107,814 | |
25,894 | Nuevo Grupo Mexico SA, Class B | 122,755 | |
150 | Pactiv Evergreen, Inc. | 2,097 | |
4,824 | 2 | Phosagro OAO, GDR | 84,613 |
429 | Polyus PJSC | 80,713 | |
84,207 | PT Indah Kiat Pulp & Paper Corp. | 77,864 | |
1,750 | PT Semen Gresik | 1,252 | |
4,315 | 1 | Queen’s Road Capital Investment Ltd. | 2,814 |
9,108 | Rio Tinto Ltd. | 894,131 | |
14,934 | Rio Tinto PLC | 1,290,609 | |
10,532 | RPM International, Inc. | 838,768 |
18
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Materials—continued | |||
2,821 | 1 | Ryerson Holding Corp. | $35,911 |
2,220 | Scotts Miracle-Gro Co. | 473,193 | |
7,267 | Sealed Air Corp. | 304,487 | |
2,335 | Sherwin-Williams Co. | 1,588,594 | |
164 | Shree Cement | 58,457 | |
3,432 | Sika AG | 904,759 | |
163,013 | South32 Ltd. | 348,423 | |
243 | Stepan Co. | 29,328 | |
9,590 | Taiwan Cement Corp. | 14,458 | |
33,199 | Tosoh Corp. | 614,019 | |
4,809 | Tredegar Industries, Inc. | 73,289 | |
2,570 | Va Stahl Ag | 101,767 | |
465 | Worthington Industries, Inc. | 29,709 | |
65,054 | Zijin Mining Group Co. Ltd. | 96,257 | |
TOTAL | 14,872,918 | ||
Real Estate—1.7% | |||
4,745 | Agile Group Holdings Ltd. | 6,697 | |
213 | American Assets Trust, Inc. | 6,620 | |
4,353 | American Tower Corp. | 940,814 | |
2,089 | CareTrust REIT, Inc. | 46,334 | |
6,699 | CatchMark Timber Trust, Inc. | 68,397 | |
1,205 | China Resources Bejing Land | 5,715 | |
24,806 | CIFI Holdings Group Co. Ltd. | 23,471 | |
165,938 | CK Asset Holdings Ltd. | 976,535 | |
39,526 | Country Garden Holdings Co. | 49,276 | |
7,203 | Crown Castle International Corp. | 1,121,867 | |
2,947 | Daito Trust Construction Co. Ltd. | 328,577 | |
297 | Equinix, Inc. | 192,557 | |
2,081 | Equity Lifestyle Properties, Inc. | 128,294 | |
9,739 | Evergrande Real Estate Group Limited | 19,907 | |
1,348 | 1 | eXp World Holdings, Inc. | 81,406 |
94,933 | Franshion Properties of China Ltd. | 39,756 | |
1,047 | Geo Group, Inc. | 7,538 | |
29,737 | Goodman Group | 379,362 | |
26,911 | Greentown China Holdings Ltd. | 40,047 | |
57,918 | Guangzhou R&F Properties Co. Ltd. | 77,300 | |
21,765 | Hopson Development Holdings Ltd. | 71,222 | |
13,175 | Invitation Homes, Inc. | 383,919 | |
1,344 | Kite Realty Group Trust | 25,764 | |
21,557 | KWG Property Holding Ltd. | 32,671 | |
282,629 | Land & Houses Public Co. Ltd. | 72,502 | |
4,778 | Lexington Realty Trust | 51,220 | |
4,025 | Logan Group Co. Ltd. | 6,267 | |
380 | Longfor Properties | 2,249 | |
146,419 | Mapletree Commercial Trust | 223,528 | |
86,978 | Mapletree Logistics Trust | 120,500 | |
3,371 | Mid-American Apartment Communities, Inc. | 454,175 | |
12,220 | Multiplan Empreendimentos Imobiliarios SA | 42,912 | |
1,536 | NEPI Rockcastle PLC | 9,416 |
19
Shares, Principal Amount or Contracts | Value | ||
COMMON STOCKS—continued | |||
Real Estate—continued | |||
1,389 | Newmark Group, Inc. | $13,918 | |
4,698 | ProLogis, Inc. | 465,431 | |
1,043 | 1 | Redfin Corp. | 78,997 |
5,244 | 1 | Retail Opportunity Investments Corp. | 82,908 |
8,230 | Retail Properties of America, Inc. | 86,662 | |
27,865 | Seazen Group Ltd. | 33,786 | |
10,653 | Shimao Group Holdings Ltd. | 35,207 | |
2,546 | Uniti Group, Inc. | 30,323 | |
258 | Urban Edge Properties | 4,257 | |
TOTAL | 6,868,304 | ||
Utilities—1.8% | |||
8,178 | Alliant Energy Corp. | 377,496 | |
312 | American States Water Co. | 22,792 | |
1,893 | American Water Works Co., Inc. | 268,579 | |
382 | Brookfield Infrastructure Corp. | 25,296 | |
890 | CEZ A.S. | 21,730 | |
262,396 | CGN Power Co. Ltd. | 57,814 | |
30,400 | China Longyuan Power Group Corp. | 45,451 | |
104,322 | China Power International Development Ltd. | 22,316 | |
46,274 | Colbun SA | 8,642 | |
10,920 | CPFL Energia SA | 56,235 | |
23,549 | Endesa SA | 582,798 | |
1,092 | ENN Energy Holdings Ltd. | 16,719 | |
17,323 | Equatorial Energia SA | 62,131 | |
45,525 | Gail India Ltd. | 87,267 | |
174,493 | Huaneng Power International, Inc. | 59,691 | |
54,763 | Iberdrola SA | 687,535 | |
7,893 | Indraprastha Gas Ltd. | 53,177 | |
4,872 | Kunlun Energy Co. Ltd. | 4,476 | |
10,423 | Manila Electric Co. | 58,146 | |
26,270 | NextEra Energy, Inc. | 1,930,320 | |
920 | Northwestern Corp. | 53,802 | |
1,031,695 | OJSC Inter Rao Ues | 70,584 | |
348 | ONE Gas, Inc. | 23,305 | |
59 | Orsted A/S | 9,523 | |
983 | Otter Tail Corp. | 39,831 | |
12,841 | Petronas Gas | 52,011 | |
1,252 | Portland General Electric Co. | 52,784 | |
17,226 | Power Grid Corp of India Ltd. | 49,974 | |
9,041 | Red Electrica Corporacion SA | 150,608 | |
15,737 | RWE AG | 594,554 | |
32,091 | Terna SpA | 223,145 | |
29,024 | Uniper SE | 1,013,270 | |
882 | Unitil Corp. | 36,903 | |
14,219 | Vistra Corp. | 245,278 | |
2,881 | WEC Energy Group, Inc. | 232,324 | |
TOTAL | 7,296,507 | ||
TOTAL COMMON STOCKS (IDENTIFIED COST $184,572,495) | 247,226,464 |
20
Shares, Principal Amount or Contracts | Value | ||
FOREIGN GOVERNMENTS/AGENCIES—6.9% | |||
Sovereign—6.9% | |||
AUD 1,000,000 | Australia, Government of, Sr. Unsecd. Note, Series 148, 2.750%, 11/21/2027 | $840,167 | |
EUR 390,000 | Belgium, Government of, Series 68, 2.250%, 6/22/2023 | 502,011 | |
680,000 | Belgium, Government of, Series 74, 0.800%, 6/22/2025 | 867,086 | |
CAD 800,000 | Canada, Government of, Bond, 3.250%, 6/1/2021 | 633,720 | |
480,000 | Canada, Government of, Series WL43, 5.750%, 6/1/2029 | 509,190 | |
EUR 6,000 | France, Government of, 0.500%, 5/25/2025 | 7,548 | |
150,000 | France, Government of, Bond, 4.500%, 4/25/2041 | 323,441 | |
850,000 | France, Government of, O.A.T., 5.500%, 4/25/2029 | 1,506,473 | |
650,000 | France, Government of, Unsecd. Note, 1.250%, 5/25/2036 | 897,381 | |
300,000 | France, Government of, Unsecd. Note, 1.750%, 6/25/2039 | 449,928 | |
600,000 | Germany, Government of, 0.250%, 2/15/2027 | 758,055 | |
300,000 | Germany, Government of, Bond, Series 03, 4.750%, 7/4/2034 | 603,140 | |
100,000 | Germany, Government of, Bond, Series 08, 4.750%, 7/4/2040 | 232,491 | |
400,000 | Italy, Government of, 3.750%, 5/1/2021 | 485,941 | |
680,000 | Italy, Government of, Sr. Unsecd. Note, 0.650%, 10/15/2023 | 838,757 | |
1,000,000 | Italy, Government of, Sr. Unsecd. Note, 4.750%, 9/1/2028 | 1,584,423 | |
1,250,000 | Italy, Government of, Unsecd. Note, 1.600%, 6/1/2026 | 1,620,264 | |
58,000 | Italy, Government of, Unsecd. Note, 3.250%, 9/1/2046 | 95,088 | |
JPY 142,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 114, 2.100%, 12/20/2029 | 1,563,232 | |
185,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 153, 1.300%, 6/20/2035 | 1,961,665 | |
50,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 351, 0.100%, 6/20/2028 | 470,655 | |
155,000,000 | Japan, Government of, Sr. Unsecd. Note, Series 44, 1.700%, 9/20/2044 | 1,788,371 | |
MXN 24,000,000 | Mexico, Government of, Series M, 6.500%, 6/10/2021 | 1,154,808 | |
$ 30,000 | Mexico, Government of, Series MTNA, 6.750%, 9/27/2034 | 39,150 | |
EUR 450,000 | Netherlands, Government of, Unsecd. Note, 2.500%, 1/15/2033 | 711,231 | |
150,000 | Spain, Government of, 4.200%, 1/31/2037 | 274,242 | |
600,000 | Spain, Government of, Sr. Unsecd. Note, 1.500%, 4/30/2027 | 793,667 | |
590,000 | Spain, Government of, Sr. Unsecd. Note, 1.950%, 7/30/2030 | 819,506 | |
480,000 | Spain, Government of, Sr. Unsecd. Note, 2.750%, 10/31/2024 | 644,676 | |
GBP 200,000 | United Kingdom, Government of, 2.750%, 9/7/2024 | 303,468 | |
430,000 | United Kingdom, Government of, 3.250%, 1/22/2044 | 823,162 | |
350,000 | United Kingdom, Government of, 4.250%, 12/7/2027 | 607,580 | |
270,000 | United Kingdom, Government of, Bond, 4.250%, 3/7/2036 | 537,482 | |
650,000 | United Kingdom, Government of, Unsecd. Deb., 1.625%, 10/22/2028 | 972,341 | |
600,000 | United Kingdom, Government of, Unsecd. Note, 1.500%, 7/22/2047 | 860,320 | |
230,000 | United Kingdom, Government of, Unsecd. Note, 4.250%, 6/7/2032 | 434,252 | |
TOTAL FOREIGN GOVERNMENTS/AGENCIES (IDENTIFIED COST $24,945,561) | 27,514,912 | ||
CORPORATE BONDS—5.7% | |||
Basic Industry - Metals & Mining—0.0% | |||
$ 100,000 | Reliance Steel & Aluminum Co., Sr. Unsecd. Note, 4.500%, 4/15/2023 | 107,404 | |
Capital Goods - Aerospace & Defense—0.3% | |||
350,000 | Boeing Co., Sr. Unsecd. Note, 4.875%, 5/1/2025 | 391,447 | |
145,000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, Series WI, 3.844%, 5/1/2025 | 159,962 | |
300,000 | Leidos, Inc., Sr. Unsecd. Note, 144A, 2.300%, 2/15/2031 | 292,480 | |
215,000 | Leidos, Inc., Unsecd. Note, 144A, 3.625%, 5/15/2025 | 238,057 | |
180,000 | Lockheed Martin Corp., Sr. Unsecd. Note, 3.550%, 1/15/2026 | 200,640 | |
90,000 | 4 | Textron Financial Corp., Jr. Sub. Note, 144A, 1.928% (3-month USLIBOR +1.735%), 2/15/2042 | 71,213 |
TOTAL | 1,353,799 |
21
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Capital Goods - Building Materials—0.1% | |||
$ 125,000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | $134,842 | |
130,000 | Masco Corp., Sr. Unsecd. Note, 4.375%, 4/1/2026 | 149,729 | |
185,000 | Masco Corp., Unsecd. Note, 4.450%, 4/1/2025 | 209,326 | |
TOTAL | 493,897 | ||
Capital Goods - Construction Machinery—0.1% | |||
195,000 | Deere & Co., Sr. Unsecd. Note, 2.750%, 4/15/2025 | 209,570 | |
Capital Goods - Diversified Manufacturing—0.0% | |||
30,000 | General Electric Capital Corp., Note, Series MTNA, 6.750%, 3/15/2032 | 40,591 | |
75,000 | Lennox International, Inc., Sr. Unsecd. Note, 1.700%, 8/1/2027 | 75,467 | |
TOTAL | 116,058 | ||
Communications - Cable & Satellite—0.0% | |||
30,000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., 5.050%, 3/30/2029 | 35,226 | |
Communications - Media & Entertainment—0.1% | |||
20,000 | Discovery Communications LLC, Sr. Unsecd. Note, 4.900%, 3/11/2026 | 23,090 | |
70,000 | Grupo Televisa S.A., Sr. Unsecd. Note, 6.125%, 1/31/2046 | 92,252 | |
400,000 | ViacomCBS, Inc., Sr. Unsecd. Note, 4.750%, 5/15/2025 | 456,649 | |
TOTAL | 571,991 | ||
Communications - Telecom Wireless—0.2% | |||
350,000 | Crown Castle International Corp., Sr. Unsecd. Note, 3.250%, 1/15/2051 | 335,956 | |
80,000 | T-Mobile USA, Inc., Sec. Fac. Bond, 144A, 2.250%, 11/15/2031 | 76,982 | |
375,000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050 | 421,670 | |
TOTAL | 834,608 | ||
Communications - Telecom Wirelines—0.1% | |||
364,000 | AT&T, Inc., Sr. Unsecd. Note, 144A, 3.550%, 9/15/2055 | 334,843 | |
200,000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.150%, 3/15/2024 | 218,874 | |
TOTAL | 553,717 | ||
Consumer Cyclical - Automotive—0.1% | |||
275,000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.336%, 3/18/2021 | 275,337 | |
70,000 | General Motors Co., Sr. Unsecd. Note, 4.000%, 4/1/2025 | 76,896 | |
TOTAL | 352,233 | ||
Consumer Cyclical - Retailers—0.3% | |||
600,000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | 669,320 | |
225,000 | AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030 | 265,584 | |
300,000 | AutoZone, Inc., Sr. Unsecd. Note, 3.250%, 4/15/2025 | 324,958 | |
77,397 | CVS Health Corp., Pass Thru Cert., 144A, 5.298%, 1/11/2027 | 84,813 | |
TOTAL | 1,344,675 | ||
Consumer Cyclical - Services—0.1% | |||
200,000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.800%, 6/6/2023 | 209,649 | |
130,000 | Visa, Inc., Sr. Unsecd. Note, 3.150%, 12/14/2025 | 142,920 | |
TOTAL | 352,569 | ||
Consumer Non-Cyclical - Food/Beverage—0.2% | |||
115,000 | Campbell Soup Co., Sr. Unsecd. Note, 2.375%, 4/24/2030 | 116,345 | |
210,000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | 229,091 | |
157,000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.950%, 7/15/2025 | 174,718 | |
120,000 | Mead Johnson Nutrition Co., Sr. Unsecd. Note, 4.125%, 11/15/2025 | 135,629 | |
70,000 | PepsiCo, Inc., Sr. Unsecd. Note, 4.450%, 4/14/2046 | 88,612 | |
TOTAL | 744,395 | ||
Consumer Non-Cyclical - Health Care—0.2% | |||
210,000 | Agilent Technologies, Inc., Sr. Unsecd. Note, 2.750%, 9/15/2029 | 221,633 |
22
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Consumer Non-Cyclical - Health Care—continued | |||
$ 180,000 | Dentsply Sirona, Inc., Sr. Unsecd. Note, 3.250%, 6/1/2030 | $192,232 | |
400,000 | PerkinElmer, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029 | 432,156 | |
75,000 | Thermo Fisher Scientific, Inc., Sr. Unsecd. Note, 4.133%, 3/25/2025 | 83,956 | |
TOTAL | 929,977 | ||
Consumer Non-Cyclical - Pharmaceuticals—0.1% | |||
90,000 | Gilead Sciences, Inc., Sr. Unsecd. Note, 3.650%, 3/1/2026 | 99,991 | |
190,000 | Zoetis, Inc., Sr. Unsecd. Note, 3.000%, 5/15/2050 | 188,731 | |
TOTAL | 288,722 | ||
Consumer Non-Cyclical - Tobacco—0.4% | |||
EUR 870,000 | Philip Morris International, Inc., Sr. Unsecd. Note, 2.875%, 5/14/2029 | 1,256,716 | |
$ 200,000 | Reynolds American, Inc., Sr. Unsecd. Note, 5.850%, 8/15/2045 | 238,593 | |
TOTAL | 1,495,309 | ||
Energy - Independent—0.1% | |||
400,000 | Pioneer Natural Resources, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2031 | 390,193 | |
Energy - Integrated—0.3% | |||
340,000 | Exxon Mobil Corp., Sr. Unsecd. Note, 2.992%, 3/19/2025 | 366,920 | |
100,000 | Husky Energy, Inc., Sr. Unsecd. Note, 3.950%, 4/15/2022 | 102,603 | |
35,000 | Petro-Canada, Deb., 7.000%, 11/15/2028 | 44,876 | |
EUR 600,000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series EMTN, 1.875%, 4/21/2022 | 724,142 | |
TOTAL | 1,238,541 | ||
Energy - Midstream—0.1% | |||
$ 325,000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.050%, 3/15/2025 | 353,591 | |
80,000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | 89,645 | |
TOTAL | 443,236 | ||
Energy - Refining—0.1% | |||
250,000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044 | 283,651 | |
Financial Institution - Banking—0.6% | |||
100,000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 4.875%, 4/1/2044 | 129,574 | |
300,000 | Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025 | 332,389 | |
300,000 | Citigroup, Inc., Sr. Unsecd. Note, 2.700%, 3/30/2021 | 300,596 | |
250,000 | Citizens Bank N.A., Sr. Unsecd. Note, Series BKNT, 3.750%, 2/18/2026 | 281,083 | |
250,000 | Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025 | 277,084 | |
5,000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.750%, 1/24/2022 | 5,244 | |
100,000 | JPMorgan Chase & Co., Series S, 6.750%, 8/1/2069 | 110,529 | |
50,000 | JPMorgan Chase & Co., Sub. Note, 3.375%, 5/1/2023 | 53,146 | |
400,000 | Morgan Stanley, 4.300%, 1/27/2045 | 491,640 | |
70,000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 1.794%, 2/13/2032 | 67,233 | |
32,417 | 3 | Regional Diversified Funding, 144A, 9.250%, 3/15/2030 | 21,152 |
300,000 | US Bancorp, Sr. Unsecd. Note, Series MTN, 1.375%, 7/22/2030 | 287,196 | |
TOTAL | 2,356,866 | ||
Financial Institution - Broker/Asset Mgr/Exchange—0.1% | |||
140,000 | Invesco Finance PLC, Sr. Unsecd. Note, 3.750%, 1/15/2026 | 155,756 | |
70,000 | TIAA Asset Management Finance Co. LLC, Sr. Unsecd. Note, 144A, 4.125%, 11/1/2024 | 78,386 | |
TOTAL | 234,142 | ||
Financial Institution - Insurance - Life—0.1% | |||
27,000 | Aflac, Inc., Sr. Unsecd. Note, 6.450%, 8/15/2040 | 37,409 | |
325,000 | Mass Mutual Global Funding II, 144A, 2.000%, 4/15/2021 | 325,712 | |
10,000 | MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039 | 16,983 |
23
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Financial Institution - Insurance - Life—continued | |||
$ 105,000 | Northwestern Mutual Life Insurance Co., Sr. Unsecd. Note, 144A, 3.625%, 9/30/2059 | $112,041 | |
TOTAL | 492,145 | ||
Financial Institution - Insurance - P&C—0.1% | |||
30,000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | 51,003 | |
75,000 | Nationwide Mutual Insurance Co., Sub., 144A, 4.350%, 4/30/2050 | 82,341 | |
275,000 | Nationwide Mutual Insurance Co., Sub., 144A, 4.950%, 4/22/2044 | 310,796 | |
TOTAL | 444,140 | ||
Financial Institution - REIT - Apartment—0.1% | |||
300,000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024 | 325,801 | |
140,000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.950%, 9/1/2026 | 150,894 | |
TOTAL | 476,695 | ||
Financial Institution - REIT - Other—0.1% | |||
90,000 | WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029 | 100,225 | |
160,000 | WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024 | 177,324 | |
TOTAL | 277,549 | ||
Financial Institution - REIT - Retail—0.1% | |||
400,000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 10/1/2030 | 411,847 | |
30,000 | Kimco Realty Corp., Sr. Unsecd. Note, 3.400%, 11/1/2022 | 31,261 | |
TOTAL | 443,108 | ||
Financial Institution - REITs—0.0% | |||
70,000 | Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030 | 74,258 | |
Foreign-Local-Government—0.0% | |||
50,000 | Quebec, Province of, Note, Series MTNA, 7.035%, 3/10/2026 | 64,284 | |
Municipal Services—0.1% | |||
131,712 | Army Hawaii Family Housing, 144A, 5.524%, 6/15/2050 | 164,353 | |
100,000 | Camp Pendleton & Quantico Housing LLC, 5.572%, 10/1/2050 | 115,889 | |
TOTAL | 280,242 | ||
Sovereign—0.1% | |||
JPY 30,000,000 | KFW, 2.050%, 2/16/2026 | 312,591 | |
Technology—0.4% | |||
$ 45,000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2051 | 44,491 | |
320,000 | Diamond 1 Finance Corp./Diamond 2 Finance Corp., Sr. Secd. Note, 144A, 6.020%, 6/15/2026 | 383,828 | |
28,000 | Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.875%, 6/5/2024 | 30,755 | |
280,000 | Intel Corp., Sr. Unsecd. Note, 3.400%, 3/25/2025 | 306,956 | |
300,000 | Keysight Technologies, Inc., 4.550%, 10/30/2024 | 338,015 | |
380,000 | Molex Electronics Technologies LLC, Unsecd. Note, 144A, 3.900%, 4/15/2025 | 389,866 | |
TOTAL | 1,493,911 | ||
Transportation - Airlines—0.0% | |||
140,000 | Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025 | 160,499 | |
Transportation - Services—0.1% | |||
62,000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 3.850%, 11/15/2024 | 68,719 | |
160,000 | United Parcel Service, Inc., Sr. Unsecd. Note, 3.900%, 4/1/2025 | 178,427 | |
TOTAL | 247,146 | ||
Utility - Electric—0.7% | |||
155,000 | Berkshire Hathaway Energy Co., Sr. Unsecd. Note, 144A, 4.050%, 4/15/2025 | 173,014 | |
135,000 | Consolidated Edison Co., Sr. Unsecd. Note, Series 20B, 3.950%, 4/1/2050 | 153,453 | |
275,000 | Electricite de France SA, Sr. Unsecd. Note, 144A, 4.500%, 9/21/2028 | 321,724 | |
190,000 | Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046 | 222,849 | |
400,000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | 423,685 |
24
Shares, Principal Amount or Contracts | Value | ||
CORPORATE BONDS—continued | |||
Utility - Electric—continued | |||
$ 300,000 | Exelon Corp., Sr. Unsecd. Note, 3.400%, 4/15/2026 | $331,026 | |
160,000 | Florida Power & Light Co., Sec. Fac. Bond, 2.850%, 4/1/2025 | 171,952 | |
140,000 | National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046 | 152,387 | |
200,000 | NiSource Finance Corp., Sr. Unsecd. Note, 3.950%, 3/30/2048 | 221,097 | |
400,000 | Northeast Utilities, Sr. Unsecd. Note, Series H, 3.150%, 1/15/2025 | 430,205 | |
125,000 | Wisconsin Electric Power Co., Sr. Unsecd. Note, 4.300%, 12/15/2045 | 147,515 | |
TOTAL | 2,748,907 | ||
Utility - Natural Gas—0.2% | |||
495,000 | National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026 | 573,452 | |
TOTAL CORPORATE BONDS (IDENTIFIED COST $20,935,998) | 22,819,706 | ||
U.S. TREASURIES—0.9% | |||
Treasury Inflation-Indexed Note—0.6% | |||
141,732 | U.S. Treasury Inflation-Protected Notes, 0.125%, 1/15/2030 | 154,939 | |
1,400,798 | U.S. Treasury Inflation-Protected Notes, 0.125%, 1/15/2031 | 1,528,701 | |
597,735 | U.S. Treasury Inflation-Protected Notes, 0.250%, 2/15/2050 | 644,209 | |
TOTAL | 2,327,849 | ||
U.S. Treasury Note—0.3% | |||
300,000 | United States Treasury Note, 0.125%, 2/15/2024 | 298,686 | |
900,000 | United States Treasury Note, 0.750%, 1/31/2028 | 879,021 | |
TOTAL | 1,177,707 | ||
US Treasury Bond—0.0% | |||
150,000 | United States Treasury Bond, 1.625%, 11/15/2050 | 133,515 | |
3,000 | United States Treasury Bond, 3.000%, 11/15/2045 | 3,532 | |
TOTAL | 137,047 | ||
TOTAL U.S. TREASURIES (IDENTIFIED COST $3,735,541) | 3,642,603 | ||
ASSET-BACKED SECURITIES—0.9% | |||
Auto Receivables—0.4% | |||
475,000 | Santander Drive Auto Receivables Trust 2020-2, Class C, 1.460%, 9/15/2025 | 484,284 | |
500,000 | Toyota Auto Receivables Owner Trust 2020-B, Class A4, 1.660%, 9/15/2025 | 515,073 | |
214,371 | World Omni Auto Receivables Trust 2018-B, Class A3, 2.870%, 7/17/2023 | 217,237 | |
285,000 | World Omni Auto Receivables Trust 2021-A, Class C, 0.890%, 8/16/2027 | 283,690 | |
TOTAL | 1,500,284 | ||
Credit Card—0.2% | |||
700,000 | 4 | Trillium Credit Card Trust II 2020-1A, Class A, 0.484% (1-month USLIBOR +0.370%), 12/26/2024 | 702,469 |
Equipment Lease—0.2% | |||
300,000 | CNH Equipment Trust 2020-A, Class A3, 1.160%, 6/16/2025 | 303,356 | |
500,000 | HPEFS Equipment Trust 2020-2A, Class C, 2.000%, 7/22/2030 | 506,078 | |
TOTAL | 809,434 | ||
Other—0.1% | |||
300,000 | PFS Financing Corp. 2020-G, Class A, 0.970%, 2/15/2026 | 302,978 | |
Student Loans—0.0% | |||
175,000 | Navient Student Loan Trust 2021-A, Class A, 0.840%, 5/15/2069 | 175,816 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $3,400,659) | 3,490,981 | ||
GOVERNMENT AGENCIES—0.2% | |||
Federal Home Loan Bank System—0.0% | |||
200,000 | Federal Home Loan Bank System Notes, 0.500%, 4/14/2025 | 199,539 |
25
Shares, Principal Amount or Contracts | Value | ||
GOVERNMENT AGENCIES—continued | |||
Federal National Mortgage Association—0.2% | |||
$ 635,000 | Federal National Mortgage Association Notes, 0.625%, 4/22/2025 | $635,436 | |
TOTAL GOVERNMENT AGENCIES (IDENTIFIED COST $834,884) | 834,975 | ||
COMMERCIAL MORTGAGE-BACKED SECURITIES—0.2% | |||
Agency Commercial Mortgage-Backed Securities—0.2% | |||
119,983 | Federal Home Loan Mortgage Corp. REMIC, Series K055, Class A1, 2.263%, 4/25/2025 | 124,251 | |
500,000 | Federal Home Loan Mortgage Corp. REMIC, Series K737, Class A2, 2.525%, 10/25/2026 | 537,759 | |
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $637,355) | 662,010 | ||
COLLATERALIZED MORTGAGE OBLIGATIONS—0.1% | |||
Commercial Mortgage—0.1% | |||
255,000 | Bank, Class A4, 3.488%, 11/15/2050 | 284,408 | |
300,000 | JPMDB Commercial Mortgage Securities Trust 2016-C4, Class A3, 3.141%, 12/15/2049 | 327,845 | |
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (IDENTIFIED COST $571,639) | 612,253 | ||
MORTGAGE-BACKED SECURITIES—0.0% | |||
Federal Home Loan Mortgage Corporation REMIC—0.0% | |||
1,019 | Federal Home Loan Mortgage Corp., Pool C00592, 7.000%, 3/1/2028 | 1,158 | |
732 | Federal Home Loan Mortgage Corp., Pool C00896, 7.500%, 12/1/2029 | 852 | |
940 | Federal Home Loan Mortgage Corp., Pool C19588, 6.500%, 12/1/2028 | 1,077 | |
438 | Federal Home Loan Mortgage Corp., Pool C25621, 6.500%, 5/1/2029 | 503 | |
691 | Federal Home Loan Mortgage Corp., Pool C76361, 6.000%, 2/1/2033 | 808 | |
1,557 | Federal Home Loan Mortgage Corp., Pool G01444, 6.500%, 8/1/2032 | 1,820 | |
TOTAL | 6,218 | ||
Federal National Mortgage Association—0.0% | |||
911 | Federal National Mortgage Association, Pool 251697, 6.500%, 5/1/2028 | 1,026 | |
3,821 | Federal National Mortgage Association, Pool 252334, 6.500%, 2/1/2029 | 4,292 | |
2,657 | Federal National Mortgage Association, Pool 254905, 6.000%, 10/1/2033 | 3,108 | |
2,211 | Federal National Mortgage Association, Pool 255075, 5.500%, 2/1/2024 | 2,465 | |
251 | Federal National Mortgage Association, Pool 303168, 9.500%, 2/1/2025 | 276 | |
169 | Federal National Mortgage Association, Pool 323159, 7.500%, 4/1/2028 | 192 | |
1,673 | Federal National Mortgage Association, Pool 323640, 7.500%, 4/1/2029 | 1,898 | |
3,926 | Federal National Mortgage Association, Pool 545993, 6.000%, 11/1/2032 | 4,560 | |
1,632 | Federal National Mortgage Association, Pool 555272, 6.000%, 3/1/2033 | 1,894 | |
1,129 | Federal National Mortgage Association, Pool 713974, 5.500%, 7/1/2033 | 1,303 | |
2,793 | Federal National Mortgage Association, Pool 721502, 5.000%, 7/1/2033 | 3,157 | |
TOTAL | 24,171 | ||
Government National Mortgage Association—0.0% | |||
3,858 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | 4,409 | |
2,362 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | 2,734 | |
5,993 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | 6,925 | |
7,727 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | 8,969 | |
123 | Government National Mortgage Association, Pool 352214, 7.000%, 4/15/2023 | 129 | |
1,230 | Government National Mortgage Association, Pool 451522, 7.500%, 10/15/2027 | 1,398 | |
736 | Government National Mortgage Association, Pool 462556, 6.500%, 2/15/2028 | 820 | |
242 | Government National Mortgage Association, Pool 462739, 7.500%, 5/15/2028 | 274 | |
92 | Government National Mortgage Association, Pool 464835, 6.500%, 9/15/2028 | 103 | |
1,630 | Government National Mortgage Association, Pool 469699, 7.000%, 11/15/2028 | 1,848 | |
1,621 | Government National Mortgage Association, Pool 486760, 6.500%, 12/15/2028 | 1,833 | |
96 | Government National Mortgage Association, Pool 780339, 8.000%, 12/15/2023 | 102 |
26
Shares, Principal Amount or Contracts | Value | ||
MORTGAGE-BACKED SECURITIES—continued | |||
Government National Mortgage Association—continued | |||
$ 1,287 | Government National Mortgage Association, Pool 780453, 7.500%, 12/15/2025 | $1,422 | |
1,334 | Government National Mortgage Association, Pool 780584, 7.000%, 6/15/2027 | 1,472 | |
TOTAL | 32,438 | ||
TOTAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $55,304) | 62,827 | ||
PURCHASED CALL OPTIONS—0.0% | |||
28,000,000 | Barclays MXN CALL/JPY PUT, Notional Amount $28,000,000, Exercise Price, $5.26, Expiration Date 3/29/2021 | 8,552 | |
145,000 | Credit Agricole EUR CALL/USD PUT, Notional Amount $145,000, Exercise Price, $1.20, Expiration Date 3/2/2021 | 557 | |
TOTAL PURCHASED CALL OPTIONS (IDENTIFIED COST $19,027) | 9,109 | ||
PURCHASED PUT OPTIONS—0.0% | |||
1,800,000 | JPM EUR PUT/PLN CALL, Notional Amount $1,800,000, Exercise Price, $4.50, Expiration Date 3/4/2021 (IDENTIFIED COST $6,466) | 477 | |
INVESTMENT COMPANIES—20.8% | |||
350,821 | Bank Loan Core Fund | 3,381,914 | |
3,971,237 | Emerging Markets Core Fund | 40,586,045 | |
25,428,551 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.05%5 | 25,436,180 | |
477,389 | 6 | High Yield Bond Core Fund | 3,026,643 |
759,478 | Mortgage Core Fund | 7,587,183 | |
365,242 | Project and Trade Finance Core Fund | 3,225,089 | |
TOTAL INVESTMENT COMPANIES (IDENTIFIED COST $79,492,820) | 83,243,054 | ||
TOTAL INVESTMENT IN SECURITIES—97.4% (IDENTIFIED COST $319,207,749) | 390,119,371 | ||
OTHER ASSETS AND LIABILITIES - NET—2.6%7 | 10,403,914 | ||
TOTAL NET ASSETS—100% | $400,523,285 |
27
At February 28, 2021, the Fund had the following outstanding futures contracts:
Description | Number of Contracts | Notional Value | Expiration Date | Value and Unrealized Appreciation (Depreciation) |
Long Futures: | ||||
1Australia 10-Year Bond Long Futures | 49 | $5,167,989 | March 2021 | $(338,486) |
1Canada 10-Year Bond Short Futures | 23 | $2,526,277 | June 2021 | $(1,432) |
1E-Mini Russel 2000 Long Futures | 58 | $6,377,680 | March 2021 | $861,860 |
1Euro BTP Long Futures | 19 | $3,390,528 | June 2021 | $18,765 |
1Euro STOXX 50 Long Futures | 6 | $262,570 | March 2021 | $7,369 |
1FTSE JSE Top 40 Long Futures | 159 | $6,330,683 | March 2021 | $(60,248) |
1FTSE/MIB Index Long Futures | 61 | $8,401,025 | March 2021 | $204,262 |
1IBEX 35 Index Long Futures | 6 | $593,362 | March 2021 | $13,836 |
1Long GILT Long Futures | 6 | $1,068,055 | June 2021 | $(14,268) |
1MSCI Emerging Market Long Futures | 251 | $16,793,155 | March 2021 | $(157,377) |
1S&P 500 E-Mini Long Futures | 88 | $16,760,480 | March 2021 | $121,708 |
1TOPIX Index Long Futures | 19 | $3,342,980 | March 2021 | $(86,884) |
1United States Treasury Long Bond Long Futures | 4 | $636,875 | June 2021 | $(7,658) |
1United States Treasury Notes 2-Year Long Futures | 50 | $11,038,281 | June 2021 | $(8,537) |
1United States Treasury Ultra Bond Long Futures | 2 | $378,125 | June 2021 | $(5,677) |
Short Futures: | ||||
1United States Treasury Notes 5-Year Short Futures | 19 | $2,355,406 | June 2021 | $19,106 |
1United States Treasury Notes 10-Year Long Futures | 22 | $2,919,813 | June 2021 | $(2,869) |
1Amsterdam Index Short Futures | 15 | $2,355,887 | March 2021 | $40,874 |
1CAC 40 10-Year Euro Short Futures | 58 | $3,988,156 | March 2021 | $(24,979) |
1DAX Index Short Futures | 18 | $7,470,418 | March 2021 | $18,424 |
1Euro Bund Short Futures | 74 | $15,225,728 | June 2021 | $(57,273) |
1FTSE 100 Index Long Futures | 51 | $4,575,471 | March 2021 | $(75,503) |
1FTSE Taiwan Index Long Futures | 52 | $2,881,840 | March 2021 | $(79,023) |
1Hang Seng Index Short Futures | 8 | $1,493,415 | March 2021 | $73,046 |
1Japan 10-Year Bond Long Futures | 6 | $8,478,071 | March 2021 | $(1,144) |
1MSCI Singapore IX ETS Short Futures | 164 | $4,165,187 | March 2021 | $(74,487) |
1S&P/TSX 60 IX Short Futures | 70 | $11,790,979 | March 2021 | $30,134 |
1SPI 200 Short Futures | 79 | $10,073,848 | March 2021 | $117,745 |
1United States Treasury Notes 10-Year Ultra Short Futures | 3 | $442,031 | June 2021 | $5,631 |
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $536,915 |
The average notional value of long and short futures contracts held by the Fund throughout the period was $97,526,215 and $60,875,379, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
28
At February 28, 2021, 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: | |||||
3/2/2021 | Bank of New York Mellon | 2,598,000 | AUD | $2,057,390 | $(58,359) |
3/2/2021 | Bank of America N.A. | 4,217,000 | CAD | $3,322,024 | $(8,324) |
3/2/2021 | Barclays Bank PLC Wholesale | 3,181,000 | CHF | $3,553,477 | $(56,528) |
3/2/2021 | Morgan Stanley | 1,437,000 | GBP | $2,023,839 | $(21,811) |
3/2/2021 | JPMorgan Chase | 353,944,000 | JPY | $3,346,213 | $(25,757) |
3/2/2021 | Bank of New York Mellon | 80,055,000 | MXN | $3,957,027 | $(130,489) |
3/2/2021 | State Street Bank & Trust Co. | 47,792,000 | SEK | $5,766,794 | $(106,850) |
3/2/2021 | BNP Paribas SA | 10,072,000 | SGD | $7,591,968 | $(38,345) |
3/2/2021 | Citibank N.A. | 22,235,000 | TRY | $3,172,150 | $(179,526) |
3/8/2021 | Barclays Bank PLC Wholesale | 10,300,000 | AUD | $8,157,547 | $(232,038) |
3/8/2021 | State Street Bank & Trust Co. | 3,680,000 | CAD | $2,921,195 | $(29,409) |
3/8/2021 | State Street Bank & Trust Co. | 2,164,000 | GBP | $3,047,572 | $(32,613) |
3/8/2021 | Morgan Stanley | 40,023,000 | SEK | $4,843,513 | $(103,348) |
3/8/2021 | Credit Agricole CIB | 10,959,000 | SGD | $8,293,188 | $(74,613) |
3/8/2021 | State Street Bank & Trust Co. | 20,817,000 | TRY | $2,945,727 | $(151,142) |
4/15/2021 | Credit Agricole CIB | 358,190 | BRL | $65,343 | $(1,526) |
4/15/2021 | BNP Paribas SA | 230,755,037 | COP | $65,053 | $(1,871) |
4/15/2021 | Credit Agricole CIB | 1,308,376 | MXN | $64,913 | $(2,665) |
4/26/2021 | JPMorgan Chase | 916,621 | AUD | 580,000 EUR | $4,753 |
4/26/2021 | State Street Bank & Trust Co. | 3,663,065 | AUD | 2,320,000 EUR | $16,380 |
4/26/2021 | Bank of America N.A. | 400,000 | AUD | $303,987 | $3,851 |
4/26/2021 | State Street Bank & Trust Co. | 433,322 | CAD | 250,000 GBP | $(7,867) |
4/26/2021 | Credit Agricole CIB | 780,000,000 | COP | $217,430 | $(3,951) |
4/26/2021 | Bank of America N.A. | 1,700,000 | EUR | 1,514,710 GBP | $(57,167) |
4/26/2021 | Credit Agricole CIB | 1,800,000 | EUR | 8,112,010 PLN | $8,821 |
4/26/2021 | Credit Agricole CIB | 1,000,000 | EUR | $1,217,318 | $(9,256) |
4/26/2021 | Bank of America N.A. | 1,100,000 | EUR | $1,327,500 | $1,367 |
4/26/2021 | Citibank N.A. | 1,000,000 | GBP | $1,408,349 | $(14,768) |
4/26/2021 | Citibank N.A. | 105,355,740 | JPY | $1,000,000 | $(10,996) |
4/26/2021 | JPMorgan Chase | 501,483,307 | JPY | $4,850,000 | $(142,435) |
4/26/2021 | BNP Paribas SA | 20,386,643 | MXN | 750,000 GBP | $(76,368) |
4/26/2021 | HSBC Bank USA | 9,164,358 | MXN | $450,000 | $(14,490) |
4/26/2021 | BNP Paribas SA | 650,000 | PEN | $178,980 | $(816) |
4/26/2021 | Citibank N.A. | 5,590,143 | PLN | $1,500,000 | $(7,581) |
4/26/2021 | Credit Agricole CIB | 10,452,148 | PLN | $2,800,000 | $(9,555) |
4/26/2021 | JPMorgan Chase | 9,000,000 | RUB | $120,899 | $(905) |
4/26/2021 | Credit Agricole CIB | 26,000,000 | RUB | $348,237 | $(1,590) |
4/27/2021 | HSBC Bank USA | 651,908,000 | KRW | $583,744 | $(3,416) |
4/27/2021 | HSBC Bank USA | 1,021,509,000 | KRW | $913,587 | $(4,239) |
4/27/2021 | HSBC Bank USA | 1,996,804,000 | KRW | $1,804,792 | $(27,237) |
6/11/2021 | Citibank N.A. | 36,142 | AUD | $27,215 | $601 |
6/11/2021 | State Street Bank & Trust Co. | 36,545 | AUD | $27,211 | $916 |
6/11/2021 | Morgan Stanley | 138,737 | BRL | $27,071 | $(2,427) |
6/11/2021 | Morgan Stanley | 139,259 | BRL | $27,152 | $(2,415) |
6/11/2021 | State Street Bank & Trust Co. | 35,041 | CAD | $27,351 | $185 |
6/11/2021 | Citibank N.A. | 35,227 | CAD | $27,367 | $316 |
6/11/2021 | Citibank N.A. | 24,116 | CHF | $27,318 | $(733) |
6/11/2021 | State Street Bank & Trust Co. | 24,187 | CHF | $27,345 | $(682) |
6/11/2021 | HSBC Bank USA | 178,850 | CNY | $27,114 | $360 |
6/11/2021 | HSBC Bank USA | 179,030 | CNY | $27,058 | $443 |
29
Settlement Date | Counterparty | Currency Units to Deliver/Receive | In Exchange For | Unrealized Appreciation (Depreciation) | |
6/11/2021 | Morgan Stanley | 93,455,809 | COP | $27,172 | $(1,651) |
6/11/2021 | Morgan Stanley | 95,058,847 | COP | $27,270 | $(1,312) |
6/11/2021 | Credit Agricole CIB | 22,444 | EUR | $27,439 | $(298) |
6/11/2021 | Credit Agricole CIB | 22,647 | EUR | $27,468 | $(82) |
6/11/2021 | State Street Bank & Trust Co. | 20,412 | GBP | $27,373 | $1,077 |
6/11/2021 | Citibank N.A. | 20,570 | GBP | $27,388 | $1,281 |
6/11/2021 | Morgan Stanley | 385,718,856 | IDR | $26,906 | $(61) |
6/11/2021 | Morgan Stanley | 385,855,588 | IDR | $26,875 | $(21) |
6/11/2021 | Credit Agricole CIB | 1,999,817 | INR | $26,683 | $127 |
6/11/2021 | Credit Agricole CIB | 2,002,431 | INR | $26,611 | $234 |
6/11/2021 | Citibank N.A. | 2,832,525 | JPY | $27,431 | $(829) |
6/11/2021 | Credit Agricole CIB | 2,850,300 | JPY | $27,419 | $(649) |
6/11/2021 | Bank of America N.A. | 542,429 | MXN | $26,884 | $(1,229) |
6/11/2021 | HSBC Bank USA | 547,666 | MXN | $26,889 | $(987) |
Contracts Sold: | |||||
3/2/2021 | Bank of New York Mellon | 2,598,000 | AUD | $2,017,700 | $18,670 |
3/2/2021 | State Street Bank & Trust Co. | 4,217,000 | CAD | $3,347,420 | $33,721 |
3/2/2021 | Bank of America N.A. | 3,181,000 | CHF | $3,566,696 | $69,746 |
3/2/2021 | Bank of America N.A. | 1,437,000 | GBP | $1,999,581 | $(2,448) |
3/2/2021 | Bank of New York Mellon | 353,944,000 | JPY | $3,369,111 | $48,655 |
3/2/2021 | JPMorgan Chase | 80,055,000 | MXN | $3,872,725 | $46,187 |
3/2/2021 | Morgan Stanley | 47,792,000 | SEK | $5,783,374 | $123,430 |
3/2/2021 | Credit Agricole CIB | 10,072,000 | SGD | $7,622,219 | $68,597 |
3/2/2021 | State Street Bank & Trust Co. | 22,235,000 | TRY | $3,154,315 | $161,690 |
3/4/2021 | Credit Agricole CIB | 59,576 | EUR | $72,500 | $615 |
3/8/2021 | Barclays Bank PLC Wholesale | 6,185,000 | CHF | $6,910,286 | $109,878 |
3/8/2021 | Bank of New York Mellon | 49,802,000 | JPY | $474,149 | $6,916 |
3/8/2021 | Morgan Stanley | 18,733,000 | MXN | $905,801 | $10,965 |
4/26/2021 | State Street Bank & Trust Co. | 4,552,222 | AUD | 2,900,000 EUR | $3 |
4/26/2021 | Bank of America N.A. | 1,700,000 | EUR | 1,500,655 GBP | $37,580 |
4/26/2021 | Credit Agricole CIB | 28,713,467 | MXN | $1,450,000 | $85,473 |
4/26/2021 | Citibank N.A. | 2,603,063 | PLN | $700,000 | $5,051 |
4/26/2021 | Citibank N.A. | 5,220,205 | PLN | $1,400,000 | $6,344 |
4/26/2021 | Citibank N.A. | 8,264,406 | PLN | $2,200,000 | $(6,376) |
4/27/2021 | HSBC Bank USA | 131,478,000 | KRW | $119,179 | $2,137 |
4/27/2021 | HSBC Bank USA | 254,275,000 | KRW | $228,846 | $2,490 |
NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | $(791,191) |
The average value at settlement date payable and receivable of foreign exchange contracts purchased and sold by the Fund throughout the period was $696,563 and $510,931, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
At February 28, 2021, the Fund had the following outstanding written options contracts:
Counterparty | Description | Notional Amount | Expiration Date | Exercise Price | Value |
Call Options: | |||||
BNPParibas | GBP CALL/USD PUT | $57,358 | June 2021 | $1.40 | $(930) |
JPMorgan Chase | USD CALL/MXN PUT | $400,000 | May 2021 | $21.40 | $(10,011) |
Put Option: | |||||
Barclays | MXN PUT/JPY CALL | $28,000,000 | March 2021 | $4.93 | $(13,121) |
(Premiums Received $26,819) | $(24,062) |
The average market value of written put and call options held by the Fund throughout the period was $8,486 and $5,348, 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 $7,382 and $5,602, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.
Net Unrealized Appreciation/Depreciation on Futures Contracts, Foreign Exchange Contracts and Value of Written Options 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 28, 2021, were as follows:
Affiliates | Value as of 11/30/2020 | Purchases at Cost | Proceeds from Sales |
Bank Loan Core Fund | $4,104,779 | $44,691 | $(827,940) |
Emerging Markets Core Fund | $36,224,114 | $4,610,751 | $— |
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | $3,404,693 | $45,410,739 | $(23,378,058) |
High Yield Bond Core Fund | $3,191,652 | $550,112 | $(761,400) |
Mortgage Core Fund | $12,848,878 | $68,460 | $(5,279,450) |
Project and Trade Finance Core Fund | $3,220,130 | $19,471 | $— |
TOTAL OF AFFILIATED TRANSACTIONS | $62,994,246 | $50,704,224 | $(30,246,848) |
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Change in Unrealized Appreciation/ Depreciation | Net Realized Gain/ (Loss) | Value as of 2/28/2021 | Shares Held as of 2/28/2021 | Dividend Income |
$50,834 | $9,550 | $3,381,914 | 350,821 | $44,691 |
$(248,820) | $— | $40,586,045 | 3,971,237 | $715,199 |
$689 | $(1,883) | $25,436,180 | 25,428,551 | $3,998 |
$(42,860) | $89,139 | $3,026,643 | 477,389 | $47,692 |
$(182,845) | $132,140 | $7,587,183 | 759,478 | $68,422 |
$(14,512) | $— | $3,225,089 | 365,242 | $19,477 |
$(437,514) | $228,946 | $83,243,054 | 31,352,718 | $899,479 |
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 February 28, 2021, these restricted securities amounted to $192,855, which represented 0.0% of total net assets. |
Additional information on restricted securities held at February 28, 2021, is as follows:
Security | Acquisition Date | Cost | Value |
Magnit, GDR | 11/4/2020 | $71,506 | $68,868 |
Phosagro OAO, GDR | 1/3/2019 | $62,524 | $84,613 |
Tongcheng-Elong Holdings Ltd. | 2/2/2021 | $239,389 | $39,374 |
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 | 7-day net yield. |
6 | The High Yield Bond Core Fund 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 28, 2021.
Investment Valuation
In calculating its net asset value (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.
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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.
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 28, 2021, 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 | $131,748,535 | $— | $4,534 | $131,753,069 |
International | 16,892,654 | 98,580,741 | — | 115,473,395 |
Debt Securities: | ||||
Foreign Governments/Agencies | — | 27,514,912 | — | 27,514,912 |
Corporate Bonds | — | 22,798,554 | 21,152 | 22,819,706 |
U.S. Treasuries | — | 3,642,603 | — | 3,642,603 |
Asset-Backed Securities | — | 3,490,981 | — | 3,490,981 |
Government Agencies | — | 834,975 | — | 834,975 |
Commercial Mortgage-Backed Securities | — | 662,010 | — | 662,010 |
Collateralized Mortgage Obligations | — | 612,253 | — | 612,253 |
Mortgage-Backed Securities | — | 62,827 | — | 62,827 |
Purchased Call Options | — | 9,109 | — | 9,109 |
Purchased Put Options | — | 477 | — | 477 |
Investment Companies1 | 80,017,965 | — | — | 83,243,054 |
TOTAL SECURITIES | $228,659,154 | $158,209,442 | $25,686 | $390,119,371 |
Other Financial Instruments: | ||||
Assets | ||||
Futures Contracts | $1,532,760 | $— | $— | $1,532,760 |
Foreign Exchange Contracts | — | 878,860 | — | 878,860 |
Liabilities | ||||
Futures Contracts | (995,845) | — | — | (995,845) |
Foreign Exchange Contracts | — | (1,670,051) | — | (1,670,051) |
Written Options Contracts | — | (24,062) | — | (24,062) |
TOTAL OTHER FINANCIAL INSTRUMENTS | $536,915 | $(815,253) | $— | $(278,338) |
1 | As permitted by U.S. generally accepted accounting principles, an Investment Company value at $3,225,089 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 acronym(s) are used throughout this portfolio: | ||
ADR | —American Depositary Receipt | |
AUD | —Australian Dollar | |
BKNT | —Bank Notes | |
BRL | —Brazilian Real | |
CAD | —Canadian Dollar | |
CHF | —Swiss Franc | |
CNY | —Chinese Yuan Renminbi | |
COP | —Colombian Peso | |
EMTN | —Euro Medium Term Loan | |
EUR | —Euro Currency | |
GBP | —British Pound | |
GDR | —Global Depository Receipt | |
IDR | —Indonesian Rupiah | |
INR | —Indian Rupee | |
JPY | —Japanese Yen | |
KRW | —Korean Won | |
LIBOR | —London Interbank Offered Rate | |
MTN | —Medium Term Note | |
MXN | —Mexican Peso | |
PEN | —Peruvian Nuevo Sol | |
PLC | —Public Limited Company | |
PLN | —Polish Zloty | |
REIT | —Real Estate Investment Trust | |
REMIC | —Real Estate Mortgage Investment Conduit | |
RUB | —Russian Ruble | |
SEK | —Swedish Krona | |
SGD | —Singapore Dollar |
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