UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-23161
NuShares ETF Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
Vice President and Secretary
333 West Wacker Drive, Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: October 31
Date of reporting period: April 30, 2019
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
Item 1. Reports to Stockholders.
Funds
Fund Name | Listing Exchange | Ticker Symbol | |||
Nuveen ESG Emerging Markets Equity ETF | Cboe BZX Exchange, Inc. | NUEM | |||
Nuveen ESG International Developed Markets Equity ETF | Cboe BZX Exchange, Inc. | NUDM | |||
Nuveen ESG Large-Cap Growth ETF | Cboe BZX Exchange, Inc. | NULG | |||
Nuveen ESG Large-Cap Value ETF | Cboe BZX Exchange, Inc. | NULV | |||
Nuveen ESG Mid-Cap Growth ETF | Cboe BZX Exchange, Inc. | NUMG | |||
Nuveen ESG Mid-Cap Value ETF | Cboe BZX Exchange, Inc. | NUMV | |||
Nuveen ESG Small-Cap ETF | Cboe BZX Exchange, Inc. | NUSC |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUEM at NAV | 13.60% | (4.64)% | 4.67% | |
NUEM at Market Price | 13.96% | (3.50)% | 5.12% | |
TIAA ESG Emerging Markets Equity Index | 14.06% | (3.94)% | 5.43% | |
MSCI Emerging Markets Index | 13.75% | (5.04)% | 5.66% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUEM at NAV | 1.72% | (8.39)% | 4.00% | |
NUEM at Market Price | 1.80% | (9.96)% | 4.16% |
Expense Ratio | 0.45% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUDM at NAV | 7.06% | (4.02)% | 2.19% | |
NUDM at Market Price | 8.12% | (2.84)% | 2.76% | |
TIAA ESG International Developed Markets Equity Index | 7.24% | (3.79)% | 2.47% | |
MSCI EAFE Index | 7.45% | (3.22)% | 3.13% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUDM at NAV | (5.47)% | (5.17)% | 0.12% | |
NUDM at Market Price | (5.59)% | (6.21)% | 0.10% |
Expense Ratio | 0.40% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NULG at NAV | 12.52% | 17.46% | 19.23% | |
NULG at Market Price | 12.45% | 17.51% | 19.25% | |
TIAA ESG USA Large-Cap Growth Index | 12.73% | 17.90% | 19.65% | |
MSCI USA Growth Index | 12.21% | 16.29% | 19.01% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NULG at NAV | (1.99)% | 13.17% | 17.90% | |
NULG at Market Price | (2.00)% | 13.15% | 17.92% |
Expense Ratio | 0.35% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NULV at NAV | 8.50% | 10.80% | 10.14% | |
NULV at Market Price | 8.35% | 10.81% | 10.16% | |
TIAA ESG USA Large-Cap Value Index | 8.71% | 11.18% | 10.52% | |
MSCI USA Value Index | 7.62% | 10.39% | 8.64% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NULV at NAV | 0.69% | 8.16% | 9.32% | |
NULV at Market Price | 0.48% | 8.05% | 9.30% |
Expense Ratio | 0.35% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUMG at NAV | 14.19% | 15.16% | 14.13% | |
NUMG at Market Price | 13.58% | 14.79% | 14.17% | |
TIAA ESG USA Mid-Cap Growth Index | 14.44% | 15.64% | 14.60% | |
MSCI USA Mid-Cap Growth Index | 14.73% | 12.75% | 13.83% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUMG at NAV | (3.75)% | 11.51% | 12.83% | |
NUMG at Market Price | (3.84)% | 11.35% | 12.85% |
Expense Ratio | 0.40% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUMV at NAV | 9.06% | 5.98% | 7.49% | |
NUMV at Market Price | 8.85% | 4.79% | 7.49% | |
TIAA ESG USA Mid-Cap Value Index | 9.30% | 6.38% | 7.91% | |
MSCI USA Mid-Cap Value Index | 8.11% | 5.45% | 7.85% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUMV at NAV | (1.20)% | 2.23% | 5.96% | |
NUMV at Market Price | (1.28)% | 2.06% | 5.95% |
Expense Ratio | 0.40% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUSC at NAV | 10.02% | 8.67% | 9.96% | |
NUSC at Market Price | 9.92% | 8.50% | 9.99% | |
TIAA ESG USA Small-Cap Index | 10.26% | 9.11% | 10.42% | |
MSCI USA Small-Cap Index | 8.45% | 8.02% | 9.84% |
Cumulative | Average Annual | |||
6-Month | 1-Year | Since Inception | ||
NUSC at NAV | (5.42)% | 5.58% | 8.49% | |
NUSC at Market Price | (5.41)% | 5.54% | 8.50% |
Expense Ratio | 0.40% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
Common Stock Rights | 0.1% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Tencent Holdings Ltd | 6.8% |
Alibaba Group Holding Ltd, Sponsored ADR | 6.0% |
Taiwan Semiconductor Manufacturing Co Ltd | 5.4% |
Naspers Ltd | 3.3% |
Tata Consultancy Services Ltd | 2.0% |
Portfolio Composition (% of net assets) | |
Financials | 21.2% |
Consumer Discretionary | 16.1% |
Information Technology | 15.6% |
Communication Services | 12.0% |
Materials | 9.2% |
Industrials | 8.3% |
Consumer Staples | 6.0% |
Energy | 4.6% |
Utilities | 2.8% |
Health Care | 2.2% |
Real Estate | 1.8% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
China | 32.3% |
Taiwan | 12.8% |
Korea, Republic of | 11.4% |
India | 10.5% |
Brazil | 7.0% |
South Africa | 6.7% |
Mexico | 3.0% |
Thailand | 2.4% |
Malaysia | 2.4% |
Indonesia | 2.3% |
Other | 9.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.2% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Nestle SA | 3.4% |
Roche Holding AG | 1.9% |
Siemens AG | 1.9% |
AstraZeneca PLC | 1.8% |
Nintendo Co Ltd | 1.7% |
Portfolio Composition (% of net assets) | |
Financials | 20.2% |
Industrials | 18.9% |
Consumer Discretionary | 12.4% |
Consumer Staples | 12.2% |
Health Care | 8.0% |
Materials | 7.7% |
Communication Services | 6.3% |
Information Technology | 4.2% |
Utilities | 3.7% |
Energy | 3.1% |
Real Estate | 2.5% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
Japan | 23.4% |
United Kingdom | 16.1% |
France | 11.2% |
Germany | 9.2% |
Switzerland | 8.2% |
Australia | 6.8% |
Hong Kong | 4.0% |
Spain | 3.4% |
Sweden | 3.1% |
Netherlands | 3.0% |
Other | 11.0% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 31.8% |
Consumer Discretionary | 15.6% |
Industrials | 11.8% |
Communication Services | 11.1% |
Health Care | 10.6% |
Financials | 7.5% |
Materials | 3.4% |
Consumer Staples | 3.2% |
Real Estate | 2.6% |
Energy | 2.3% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Microsoft Corp | 8.6% |
Alphabet Inc., Class C | 3.9% |
Visa Inc, Class A | 3.5% |
Walt Disney Co/The | 3.0% |
Alphabet Inc., Class A | 2.9% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 22.2% |
Health Care | 13.4% |
Consumer Staples | 12.3% |
Information Technology | 12.1% |
Industrials | 7.8% |
Communication Services | 7.0% |
Utilities | 6.5% |
Energy | 6.2% |
Consumer Discretionary | 4.9% |
Real Estate | 4.4% |
Materials | 2.9% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Procter & Gamble Co/The | 3.4% |
Verizon Communications Inc. | 3.1% |
Intel Corp | 3.1% |
Comcast Corp | 3.0% |
Coca-Cola Co/The | 2.9% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 25.4% |
Industrials | 23.1% |
Health Care | 15.3% |
Consumer Discretionary | 13.9% |
Communication Services | 7.6% |
Materials | 4.9% |
Financials | 3.4% |
Real Estate | 3.3% |
Energy | 1.8% |
Consumer Staples | 1.2% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Advanced Micro Devices Inc. | 2.7% |
MercadoLibre Inc. | 2.6% |
Cadence Design Systems Inc. | 2.5% |
IDEXX Laboratories Inc. | 2.3% |
Copart Inc. | 2.1% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 20.0% |
Consumer Discretionary | 17.3% |
Real Estate | 16.1% |
Information Technology | 9.6% |
Industrials | 9.2% |
Utilities | 8.5% |
Materials | 5.7% |
Consumer Staples | 4.4% |
Communication Services | 4.1% |
Health Care | 3.2% |
Energy | 1.7% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Eversource Energy | 2.6% |
Principal Financial Group Inc. | 2.3% |
CMS Energy Corp | 2.2% |
Arthur J Gallagher & Co | 2.2% |
Citizens Financial Group Inc. | 2.1% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Common Stock Rights | 0.0% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 18.0% |
Financials | 14.9% |
Industrials | 14.6% |
Health Care | 12.8% |
Consumer Discretionary | 11.4% |
Real Estate | 11.3% |
Materials | 5.3% |
Energy | 3.9% |
Utilities | 2.7% |
Consumer Staples | 2.5% |
Communication Services | 2.4% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Booz Allen Hamilton Holding Corp | 1.0% |
Pool Corp | 1.0% |
WEX Inc. | 1.0% |
Brown & Brown Inc. | 1.0% |
First American Financial Corp | 0.9% |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,136.00 |
Expenses Incurred During Period | $2.38 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.56 |
Expenses Incurred During the Period | $2.26 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,070.60 |
Expenses Incurred During Period | $2.05 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.81 |
Expenses Incurred During the Period | $2.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,125.20 |
Expenses Incurred During Period | $1.84 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.06 |
Expenses Incurred During the Period | $1.76 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,085.00 |
Expenses Incurred During Period | $1.81 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.06 |
Expenses Incurred During the Period | $1.76 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,141.90 |
Expenses Incurred During Period | $2.12 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.81 |
Expenses Incurred During the Period | $2.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,090.60 |
Expenses Incurred During Period | $2.07 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.81 |
Expenses Incurred During the Period | $2.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,100.20 |
Expenses Incurred During Period | $2.08 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.81 |
Expenses Incurred During the Period | $2.01 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 11.9% | ||||||
939 | Advanced Info Service PCL, (2), (3) | $5,588 | ||||
34,902 | Alibaba Pictures Group Ltd, (3) | 7,830 | ||||
204,994 | Axiata Group Bhd | 196,838 | ||||
140,239 | Bharti Airtel Ltd | 644,702 | ||||
1,353 | Bharti Infratel Ltd | 5,107 | ||||
35,541 | China Tower Corp Ltd, 144A | 9,604 | ||||
55,264 | Chunghwa Telecom Co Ltd | 198,515 | ||||
5,045 | DiGiCom Bhd | 5,613 | ||||
2,357 | Far EasTone Telecommunications Co Ltd | 5,782 | ||||
151 | Globe Telecom Inc. | 5,158 | ||||
467 | Hellenic Telecommunications Organization SA | 6,479 | ||||
4,393 | Maxis Bhd | 5,695 | ||||
897 | MTN Group Ltd | 6,468 | ||||
6,963 | MultiChoice Group Ltd, (3) | 62,387 | ||||
10 | NCSoft Corp | 4,503 | ||||
8,505 | Ooredoo QPSC | 151,823 | ||||
2,149 | SK Telecom Co Ltd | 455,316 | ||||
1,756 | Taiwan Mobile Co Ltd | 6,421 | ||||
18,630 | Telefonica Brasil SA | 219,629 | ||||
9,710 | Telekom Malaysia Bhd | 6,834 | ||||
2,890,785 | Telekomunikasi Indonesia Persero Tbk PT | 768,847 | ||||
1,212 | Telkom SA SOC Ltd | 7,168 | ||||
76,981 | Tencent Holdings Ltd | 3,807,152 | ||||
29,528 | True Corp PCL, (2), (3) | 4,763 | ||||
2,092 | Turkcell Iletisim Hizmetleri AS | 4,380 | ||||
447 | Vodacom Group Ltd | 3,596 | ||||
Total Communication Services | 6,606,198 | |||||
Consumer Discretionary – 16.1% | ||||||
17,881 | Alibaba Group Holding Ltd, Sponsored ADR, (3) | 3,318,177 | ||||
1,702 | Alsea SAB de CV, (3) | 3,788 | ||||
1,038 | ANTA Sports Products Ltd | 7,317 | ||||
1,869 | Arcelik AS | 5,742 | ||||
429 | B2W Cia Digital, (3) | 4,154 | ||||
190,851 | BAIC Motor Corp Ltd, 144A | 133,796 | ||||
116 | Bajaj Auto Ltd | 4,984 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
172 | Baozun Inc., Sponsored ADR, (3) | $8,342 | ||||
269,978 | Brilliance China Automotive Holdings Ltd | 296,978 | ||||
68,404 | BYD Co Ltd | 465,594 | ||||
112 | CCC SA | 6,068 | ||||
3,615 | Cheng Shin Rubber Industry Co Ltd | 4,826 | ||||
9,120 | China First Capital Group Ltd, (3) | 3,836 | ||||
235,263 | China Travel International Investment Hong Kong Ltd | 54,277 | ||||
26 | CJ ENM Co Ltd | 4,872 | ||||
1,506 | Ctripcom International Ltd, Sponsored ADR, (3) | 66,339 | ||||
290,015 | Dongfeng Motor Group Co Ltd | 281,313 | ||||
18 | Eicher Motors Ltd | 5,262 | ||||
912 | Feng TAY Enterprise Co Ltd | 7,393 | ||||
460 | FF Group, (3), (4) | 619 | ||||
121 | Fila Korea Ltd | 8,535 | ||||
319 | Foschini Group Ltd/The | 4,111 | ||||
28,836 | Geely Automobile Holdings Ltd | 57,853 | ||||
1,105 | Giant Manufacturing Co Ltd | 8,421 | ||||
1,144,425 | GOME Retail Holdings Ltd, (3) | 131,285 | ||||
132,428 | Guangzhou Automobile Group Co Ltd | 142,296 | ||||
139 | Hankook Tire Co Ltd | 4,730 | ||||
494 | Hanon Systems | 5,307 | ||||
146,731 | HengTen Networks Group Ltd, (3) | 4,208 | ||||
127 | Hero MotoCorp Ltd | 4,574 | ||||
14,598 | Home Product Center PCL, (2) | 7,179 | ||||
635 | Hotai Motor Co Ltd | 9,597 | ||||
69 | Hotel Shilla Co Ltd | 6,793 | ||||
84 | LG Electronics Inc. | 5,451 | ||||
495 | Lojas Renner SA | 5,874 | ||||
3 | LPP SA | 6,712 | ||||
36,968 | Mahindra & Mahindra Ltd | 343,351 | ||||
3,391 | Minor International PCL, (2), (3) | 3,983 | ||||
324 | Mr Price Group Ltd | 4,896 | ||||
7,158 | Naspers Ltd | 1,824,969 | ||||
3,418 | New Oriental Education & Technology Group Inc., Sponsored ADR | 326,282 | ||||
4,801 | Pou Chen Corp | 5,834 | ||||
2,632 | Robinson PCL, (2), (3) | 4,802 | ||||
55,238 | SACI Falabella | 406,353 | ||||
37,330 | Shenzhou International Group Holdings Ltd | 501,039 | ||||
6,473 | Tatung Co Ltd, (3) | 4,985 | ||||
531 | Titan Co Ltd | 8,868 | ||||
873 | Truworths International Ltd | 4,603 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
46,490 | Vipshop Holdings Ltd, Sponsored ADR, (3) | $400,279 | ||||
1,122 | Woolworths Holdings Ltd/South Africa | 3,734 | ||||
69 | Woongjin Coway Co Ltd | 5,186 | ||||
2,510 | Zhongsheng Group Holdings Ltd | 6,591 | ||||
Total Consumer Discretionary | 8,952,358 | |||||
Consumer Staples – 6.0% | ||||||
35 | Amorepacific Corp | 6,232 | ||||
57 | Amorepacific Corp | 5,709 | ||||
96 | AMOREPACIFIC Group | 6,180 | ||||
1,082 | Arca Continental SAB de CV | 6,132 | ||||
11,941 | Atacadao SA | 64,084 | ||||
274 | Bid Corp Ltd | 5,773 | ||||
140 | Britannia Industries Ltd | 5,835 | ||||
227,161 | China Agri-Industries Holdings Ltd | 73,255 | ||||
40,620 | China Mengniu Dairy Co Ltd | 150,149 | ||||
5,316 | Cia Brasileira de Distribuicao | 129,862 | ||||
13 | CJ CheilJedang Corp | 3,506 | ||||
358 | Clicks Group Ltd | 4,886 | ||||
9,459 | Coca-Cola Femsa SAB de CV, (3) | 59,958 | ||||
2,196 | CP ALL PCL | 5,314 | ||||
950 | Dabur India Ltd | 5,433 | ||||
7,820 | Dali Foods Group Co Ltd, 144A | 5,562 | ||||
1,313 | Embotelladora Andina SA | 4,665 | ||||
94,464 | Fomento Economico Mexicano SAB de CV | 920,064 | ||||
642 | Fraser & Neave Holdings Bhd | 5,419 | ||||
529 | Godrej Consumer Products Ltd | 4,965 | ||||
32,145 | Hindustan Unilever Ltd | 810,214 | ||||
3,344 | Kimberly-Clark de Mexico SAB de CV | 5,755 | ||||
6 | LG Household & Health Care Ltd | 4,155 | ||||
535 | M Dias Branco SA, (3) | 5,633 | ||||
1,407 | Marico Ltd | 7,282 | ||||
528 | Natura Cosmeticos SA | 6,983 | ||||
829 | Nestle India Ltd | 129,650 | ||||
168 | Nestle Malaysia Bhd | 5,937 | ||||
1,084 | Pick n Pay Stores Ltd | 5,245 | ||||
1,478 | PPB Group Bhd | 6,706 | ||||
14,261 | President Chain Store Corp | 132,914 | ||||
420 | Shoprite Holdings Ltd | 5,049 | ||||
412 | SPAR Group Ltd/The | 5,575 | ||||
252,739 | Sun Art Retail Group Ltd | 220,672 | ||||
9,349 | Thai Union Group PCL, (2), (3) | 5,535 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
149,427 | Unilever Indonesia Tbk PT | $477,118 | ||||
2,650 | Uni-President Enterprises Corp | 6,295 | ||||
Total Consumer Staples | 3,313,701 | |||||
Energy – 4.6% | ||||||
192,216 | China Oilfield Services Ltd | 205,804 | ||||
17,340 | Cosan SA | 205,738 | ||||
391,665 | Dialog Group Bhd | 305,033 | ||||
1,062,591 | IRPC PCL, (2), (3) | 188,054 | ||||
6,451 | Motor Oil Hellas Corinth Refineries SA | 164,402 | ||||
21,008 | Petronas Dagangan Bhd | 122,862 | ||||
63,672 | Petronet LNG Ltd | 219,705 | ||||
4,810 | S-Oil Corp | 379,645 | ||||
120,106 | Thai Oil PCL, (2), (3) | 260,528 | ||||
5,596 | Tupras Turkiye Petrol Rafinerileri AS | 115,585 | ||||
77,231 | Ultrapar Participacoes SA | 410,564 | ||||
Total Energy | 2,577,920 | |||||
Financials – 21.2% | ||||||
342 | Absa Group Ltd | 3,919 | ||||
14,498 | Abu Dhabi Commercial Bank PJSC | 38,997 | ||||
176,400 | AMMB Holdings Bhd | 190,714 | ||||
91,147 | Axis Bank Ltd | 1,002,497 | ||||
1,059 | B3 SA - Brasil Bolsa Balcao, (3) | 9,235 | ||||
210 | Bajaj Finance Ltd | 9,360 | ||||
99,510 | Banco Bradesco SA, (3) | 896,276 | ||||
26,540 | Banco Bradesco SA, (3) | 208,273 | ||||
91 | Banco de Credito e Inversiones SA | 6,025 | ||||
14,923 | Banco Santander Brasil SA | 170,034 | ||||
74,583 | Banco Santander Chile | 5,220 | ||||
85,157 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 142,489 | ||||
719 | Bancolombia SA | 8,755 | ||||
44,379 | Bancolombia SA | 560,978 | ||||
320 | Bank Handlowy w Warszawie SA | 5,199 | ||||
10,586 | Bank Mandiri Persero Tbk PT | 5,739 | ||||
2,690 | Bank Millennium SA, (3) | 6,778 | ||||
8,568 | Bank Negara Indonesia Persero Tbk PT | 5,772 | ||||
3,237 | Bank of the Philippine Islands | 5,270 | ||||
218 | Bank Polska Kasa Opieki SA | 6,475 | ||||
2,125 | BDO Unibank Inc. | 5,464 | ||||
490,849 | Cathay Financial Holding Co Ltd | 710,040 | ||||
268,877 | China Everbright Bank Co Ltd | 132,632 | ||||
2,606 | China International Capital Corp Ltd, 144A | 5,594 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
201,079 | China Merchants Bank Co Ltd | $995,732 | ||||
666,049 | China Minsheng Banking Corp Ltd | 500,042 | ||||
100,231 | CIMB Group Holdings Bhd | 127,758 | ||||
21,158 | Commercial Bank PQSC/The | 295,762 | ||||
2,801 | Commercial International Bank Egypt SAE, (DD1) | 12,515 | ||||
7,709 | CTBC Financial Holding Co Ltd | 5,276 | ||||
18,008 | DGB Financial Group Inc. | 129,801 | ||||
57,766 | First Abu Dhabi Bank PJSC | 251,625 | ||||
37,165 | FirstRand Ltd | 176,048 | ||||
471,842 | Fubon Financial Holding Co Ltd | 696,288 | ||||
23,158 | Grupo Financiero Banorte SAB de CV | 146,231 | ||||
152 | Hana Financial Group Inc. | 4,788 | ||||
1,073 | Hong Leong Bank Bhd | 5,185 | ||||
9,138 | Hua Nan Financial Holdings Co Ltd | 5,974 | ||||
159 | Hyundai Marine & Fire Insurance Co Ltd | 5,206 | ||||
620 | Indiabulls Housing Finance Ltd | 6,161 | ||||
956 | Investec Ltd | 6,092 | ||||
111,661 | Itau Unibanco Holding SA | 956,254 | ||||
2,123 | Itausa - Investimentos Itau SA | 6,401 | ||||
1,246 | Kasikornbank PCL | 7,435 | ||||
19,429 | KB Financial Group Inc. | 768,411 | ||||
139 | Komercni banka as | 5,260 | ||||
2,233 | Malayan Banking Bhd | 4,996 | ||||
1,569 | mBank SA | 181,570 | ||||
6,227 | Mega Financial Holding Co Ltd | 5,975 | ||||
3,519 | Muangthai Capital PCL, (2), (3) | 5,677 | ||||
6,094 | Nedbank Group Ltd | 113,096 | ||||
180,863 | Old Mutual Ltd | 290,037 | ||||
129 | OTP Bank Nyrt | 5,714 | ||||
485 | Powszechny Zaklad Ubezpieczen SA | 5,321 | ||||
363 | PSG Group Ltd | 6,712 | ||||
970 | Public Bank Bhd | 5,279 | ||||
3,239 | REC Ltd | 6,871 | ||||
402 | Remgro Ltd | 5,444 | ||||
4,395 | RHB Bank Bhd | 6,336 | ||||
1,245 | RMB Holdings Ltd | 7,250 | ||||
3,142 | Samsung Card Co Ltd | 99,789 | ||||
2,900 | Samsung Fire & Marine Insurance Co Ltd | 754,698 | ||||
35,364 | Sanlam Ltd | 188,707 | ||||
55 | Santander Bank Polska SA | 5,701 | ||||
5,549 | Shinhan Financial Group Co Ltd | 209,486 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
1,450 | Siam Commercial Bank PCL/The, (3) | $5,882 | ||||
44,169 | Standard Bank Group Ltd | 613,105 | ||||
14,142 | Taishin Financial Holding Co Ltd | 6,407 | ||||
20,099 | Taiwan Business Bank | 8,293 | ||||
83,120 | TMB Bank PCL, (2), (3) | 5,259 | ||||
1,923 | Yes Bank Ltd | 4,610 | ||||
9,833 | Yuanta Financial Holding Co Ltd | 5,696 | ||||
Total Financials | 11,813,891 | |||||
Health Care – 2.2% | ||||||
3,141 | 3SBio Inc., 144A | 5,805 | ||||
7,485 | Bangkok Dusit Medical Services PCL, (3) | 5,979 | ||||
1,051 | Bumrungrad Hospital PCL, (3) | 5,827 | ||||
3,434 | China Resources Pharmaceutical Group Ltd, 144A | 4,885 | ||||
43,920 | CSPC Pharmaceutical Group Ltd | 84,645 | ||||
3,035 | Genscript Biotech Corp, (3) | 7,737 | ||||
3,297 | Hartalega Holdings Bhd | 4,011 | ||||
26 | Helixmith Co Ltd, (3) | 5,794 | ||||
214 | Hutchison China MediTech Ltd, Sponsored ADR, (3) | 6,437 | ||||
4,335 | IHH Healthcare Bhd | 5,830 | ||||
2,837 | Life Healthcare Group Holdings Ltd | 5,155 | ||||
442 | Lupin Ltd | 5,538 | ||||
6,057 | Luye Pharma Group Ltd, 144A | 5,482 | ||||
177 | Piramal Enterprises Ltd | 5,980 | ||||
4,691 | Richter Gedeon Nyrt | 92,774 | ||||
210,505 | Shandong Weigao Group Medical Polymer Co Ltd | 206,604 | ||||
45,929 | Shanghai Fosun Pharmaceutical Group Co Ltd | 157,772 | ||||
2,060 | Shanghai Pharmaceuticals Holding Co Ltd | 4,311 | ||||
401,693 | Sihuan Pharmaceutical Holdings Group Ltd | 108,034 | ||||
83,567 | Sinopharm Group Co Ltd | 328,073 | ||||
6,890 | SSY Group Ltd | 6,508 | ||||
4,163 | Tong Ren Tang Technologies Co Ltd | 5,773 | ||||
14,227 | Wuxi Biologics Cayman Inc., 144A, (3) | 143,079 | ||||
28 | Yuhan Corp | 5,884 | ||||
Total Health Care | 1,217,917 | |||||
Industrials – 8.3% | ||||||
209,526 | Aboitiz Equity Ventures Inc. | 223,548 | ||||
4,914 | Air China Ltd | 5,856 | ||||
99,700 | Airports of Thailand PCL, (3) | 213,141 | ||||
20,563 | Alliance Global Group Inc. | 5,903 | ||||
1,335 | Aselsan Elektronik Sanayi Ve Ticaret AS | 4,571 | ||||
4,927 | Ashok Leyland Ltd | 6,170 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
360 | Bidvest Group Ltd/The | $5,452 | ||||
22,059 | BOC Aviation Ltd, 144A | 189,790 | ||||
20,905 | BTS Group Holdings PCL, (2), (3) | 7,727 | ||||
6,958 | CAR Inc., (3) | 5,632 | ||||
26,129 | CCR SA | 77,323 | ||||
15,928 | China Airlines Ltd | 5,051 | ||||
173,071 | China Conch Venture Holdings Ltd | 584,595 | ||||
7,552 | China Eastern Airlines Corp Ltd | 5,362 | ||||
32 | CJ Corp | 3,274 | ||||
4 | CJ Corp, (2), (3) | 126 | ||||
3,634 | Country Garden Services Holdings Co Ltd | 6,716 | ||||
557 | Daelim Industrial Co Ltd | 46,156 | ||||
17,739 | DP World PLC, (3) | 354,780 | ||||
12,352 | Eva Airways Corp | 6,056 | ||||
12,648 | Evergreen Marine Corp Taiwan Ltd | 5,546 | ||||
322,818 | Far Eastern New Century Corp | 352,059 | ||||
6,765 | Greentown Service Group Co Ltd | 5,838 | ||||
597 | Grupo Aeroportuario del Pacifico SAB de CV | 6,029 | ||||
12,206 | Grupo Aeroportuario del Sureste SAB de CV | 199,758 | ||||
190 | GS Engineering & Construction Corp | 6,604 | ||||
11,416 | HAP Seng Consolidated Bhd | 27,280 | ||||
718 | Hiwin Technologies Corp | 6,820 | ||||
8,287 | Hyundai Engineering & Construction Co Ltd | 372,441 | ||||
24,765 | Jasa Marga Persero Tbk PT | 10,601 | ||||
12,822 | JG Summit Holdings Inc. | 16,239 | ||||
483 | Latam Airlines Group SA | 4,754 | ||||
10,133 | LG Corp | 633,231 | ||||
593 | Localiza Rent a Car SA | 5,434 | ||||
117 | Lotte Corp | 4,913 | ||||
2,819 | Malaysia Airports Holdings Bhd | 5,202 | ||||
7,205 | Rumo SA, (3) | 33,013 | ||||
197,554 | Sime Darby Bhd | 110,854 | ||||
216,261 | Sinotrans Ltd | 88,760 | ||||
16,672 | SM Investments Corp | 303,927 | ||||
6,745 | Taiwan High Speed Rail Corp | 8,207 | ||||
1,288 | TAV Havalimanlari Holding AS | 5,459 | ||||
1,777 | Turk Hava Yollari AO, (3) | 4,260 | ||||
88,326 | WEG SA | 415,436 | ||||
6,052 | Westports Holdings Bhd | 5,562 | ||||
66,529 | Xinjiang Goldwind Science & Technology Co Ltd | 72,589 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
152,002 | Zhejiang Expressway Co Ltd | $162,941 | ||||
Total Industrials | 4,630,986 | |||||
Information Technology – 15.6% | ||||||
50,162 | AAC Technologies Holdings Inc. | 324,166 | ||||
7,276 | Acer Inc. | 4,933 | ||||
726 | Advantech Co Ltd | 5,874 | ||||
139,806 | ASE Technology Holding Co Ltd | 324,394 | ||||
744,715 | AU Optronics Corp | 266,305 | ||||
5,153 | BYD Electronic International Co Ltd | 9,208 | ||||
495 | Catcher Technology Co Ltd | 3,917 | ||||
2,133 | Cielo SA | 4,147 | ||||
1,506 | Delta Electronics Inc. | 7,920 | ||||
198 | GDS Holdings Ltd, ADR, (3) | 7,748 | ||||
372 | HCL Technologies Ltd | 6,311 | ||||
80,725 | Infosys Ltd | 869,125 | ||||
16,957 | Innolux Corp | 5,433 | ||||
7,759 | Inventec Corp | 6,227 | ||||
6,178 | Kingboard Laminates Holdings Ltd | 6,481 | ||||
5,047 | Kingdee International Software Group Co Ltd | 6,176 | ||||
41,297 | Legend Holdings Corp, 144A | 112,383 | ||||
770,706 | Lenovo Group Ltd | 714,181 | ||||
24,836 | LG Display Co Ltd | 424,156 | ||||
61 | LG Innotek Co Ltd | 6,397 | ||||
5,048 | Lite-On Technology Corp | 7,114 | ||||
44,219 | MediaTek Inc. | 422,857 | ||||
2,049 | Micro-Star International Co Ltd | 5,676 | ||||
3,382 | Quanta Computer Inc. | 6,479 | ||||
52 | Samsung Electro-Mechanics Co Ltd | 4,830 | ||||
3,751 | Samsung SDI Co Ltd | 759,416 | ||||
355,714 | Taiwan Semiconductor Manufacturing Co Ltd | 2,981,454 | ||||
34,557 | Tata Consultancy Services Ltd | 1,120,992 | ||||
486 | Tech Mahindra Ltd | 5,841 | ||||
77,815 | TravelSky Technology Ltd | 199,859 | ||||
11,395 | United Microelectronics Corp | 4,960 | ||||
1,579 | Win Semiconductors Corp, (3) | 10,577 | ||||
7,900 | Wistron Corp | 6,545 | ||||
19,595 | Xinyi Solar Holdings Ltd | 11,164 | ||||
Total Information Technology | 8,663,246 | |||||
Materials – 9.2% | ||||||
764 | Anglo American Platinum Ltd | 38,475 | ||||
287 | Asian Paints Ltd | 6,041 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
397,580 | China Molybdenum Co Ltd | $149,497 | ||||
323,202 | China Steel Corp | 260,959 | ||||
176,948 | China Zhongwang Holdings Ltd | 96,533 | ||||
59,035 | Empresas CMPC SA | 199,233 | ||||
149,047 | Eregli Demir ve Celik Fabrikalari TAS | 228,708 | ||||
1,621 | Formosa Chemicals & Fibre Corp | 5,823 | ||||
275 | Hanwha Chemical Corp | 4,850 | ||||
3,192 | Indorama Ventures PCL, (2) | 4,574 | ||||
14,792 | Industrias Penoles SAB de CV | 169,514 | ||||
14,952 | KGHM Polska Miedz SA | 401,717 | ||||
1,134 | Klabin SA | 4,765 | ||||
6,838 | Kumba Iron Ore Ltd | 204,454 | ||||
164,314 | Lee & Man Paper Manufacturing Ltd | 133,204 | ||||
2,290 | LG Chem Ltd | 707,692 | ||||
413 | LG Chem Ltd | 70,887 | ||||
1,830 | Lotte Chemical Corp | 420,627 | ||||
2,808 | Mondi Ltd | 61,755 | ||||
211,797 | Nan Ya Plastics Corp | 535,301 | ||||
58 | OCI Co Ltd | 4,622 | ||||
6,756 | Pabrik Kertas Tjiwi Kimia Tbk PT | 4,777 | ||||
12,376 | PhosAgro PJSC, GDR | 155,814 | ||||
339 | Pidilite Industries Ltd | 6,005 | ||||
19,509 | Polymetal International PLC | 205,142 | ||||
5,719 | Polyus PJSC, GDR | 224,185 | ||||
147,603 | Press Metal Aluminium Holdings Bhd | 169,576 | ||||
182,665 | PTT Global Chemical PCL, (2), (3) | 393,366 | ||||
912 | Sappi Ltd | 4,337 | ||||
399 | Siam Cement PCL/The | 5,749 | ||||
131 | Sociedad Quimica y Minera de Chile SA | 4,638 | ||||
2,656 | Suzano SA | 27,385 | ||||
13,028 | UPL Ltd | 181,417 | ||||
Total Materials | 5,091,622 | |||||
Real Estate – 1.8% | ||||||
6,825 | Ayala Land Inc. | 6,411 | ||||
2,155 | BR Malls Participacoes SA | 6,710 | ||||
2,479 | Central Pattana PCL, (2), (3) | 5,863 | ||||
51,809 | China Overseas Land & Investment Ltd | 193,820 | ||||
133,401 | China Vanke Co Ltd | 516,063 | ||||
10,585 | Emaar Malls PJSC | 5,014 | ||||
4,549 | Fortress REIT Ltd | 6,115 | ||||
5,534 | Fortress REIT Ltd | 4,192 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
6,922 | Greentown China Holdings Ltd | $6,264 | ||||
3,119 | Growthpoint Properties Ltd | 5,413 | ||||
957 | Hyprop Investments Ltd | 4,673 | ||||
14,704 | IOI Properties Group Bhd | 4,872 | ||||
15,820 | Land & Houses PCL, (3) | 5,500 | ||||
1,115 | Multiplan Empreendimentos Imobiliarios SA | 6,763 | ||||
644 | NEPI Rockcastle PLC, (DD1) | 5,356 | ||||
168,514 | Pakuwon Jati Tbk PT | 8,455 | ||||
7,942 | Redefine Properties Ltd | 5,457 | ||||
893 | Resilient REIT Ltd | 3,537 | ||||
4,445 | Ruentex Development Co Ltd | 6,099 | ||||
13,953 | Shenzhen Investment Ltd | 5,549 | ||||
19,912 | Shui On Land Ltd | 4,848 | ||||
18,042 | Sime Darby Property Bhd | 4,844 | ||||
11,619 | Sino-Ocean Group Holding Ltd | 5,213 | ||||
95,637 | SM Prime Holdings Inc. | 76,069 | ||||
221,388 | SOHO China Ltd | 80,141 | ||||
8,478 | SP Setia Bhd Group | 4,655 | ||||
11,261 | Yuzhou Properties Co Ltd | 5,942 | ||||
Total Real Estate | 993,838 | |||||
Utilities – 2.8% | ||||||
10,083 | Aguas Andinas SA | 5,775 | ||||
603,340 | Beijing Enterprises Water Group Ltd | 374,521 | ||||
336,664 | China Longyuan Power Group Corp Ltd | 231,726 | ||||
2,899 | Cia Energetica de Minas Gerais | 10,817 | ||||
32,222 | Enel Americas SA | 5,631 | ||||
55,553 | Enel Chile SA | 5,548 | ||||
120,509 | Energy Absolute PCL, (2), (3) | 210,443 | ||||
593 | Engie Brasil Energia SA | 6,679 | ||||
554 | ENN Energy Holdings Ltd | 5,233 | ||||
507,532 | Huaneng Renewables Corp Ltd | 146,203 | ||||
1,462 | Infraestructura Energetica Nova SAB de CV | 6,367 | ||||
19,392 | Interconexion Electrica SA ESP | 94,814 | ||||
803 | Manila Electric Co | 5,932 | ||||
140,040 | Power Grid Corp of India Ltd | 375,400 | ||||
106,795 | Towngas China Co Ltd | 84,942 | ||||
Total Utilities | 1,570,031 | |||||
Total Common Stocks (cost $54,181,726) | 55,431,708 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.1% | ||||||
37,875 | Bharti Airtel Ltd, (2) | $49,156 | ||||
169 | Minor International PCL, (2) | 20 | ||||
Total Common Stock Rights (cost $-) | 49,176 | |||||
Total Long-Term Investments (cost $54,181,726) | 55,480,884 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$130 | Federal Home Loan Banks, Discount Notes | 0.000% | 5/01/19 | N/R | $130,000 | |
Total Short-Term Investments (cost $130,000) | 130,000 | |||||
Total Investments (cost $54,311,726) – 100.0% | 55,610,884 | |||||
Other Assets Less Liabilities – 0.0% | 8,799 | |||||
Net Assets – 100% | $55,619,683 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(5) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt | |
DD1 | Portion of investment purchased on a delayed delivery basis. | |
GDR | Global Depositary Receipt | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.2% | ||||||
COMMON STOCKS – 99.2% | ||||||
Communication Services – 6.3% | ||||||
1,777 | BT Group PLC | $5,306 | ||||
616 | Informa PLC | 6,256 | ||||
2,797 | ITV PLC | 4,983 | ||||
131 | JCDecaux SA | 4,287 | ||||
11,530 | KDDI Corp, (DD1) | 263,003 | ||||
1,557 | Koninklijke KPN NV | 4,774 | ||||
2,661 | Nintendo Co Ltd, (DD1) | 907,906 | ||||
18,411 | NTT DOCOMO Inc. | 398,471 | ||||
264 | Orange SA | 4,132 | ||||
17,073 | Pearson PLC | 184,779 | ||||
270 | ProSiebenSat1 Media SE | 4,247 | ||||
2,637 | Schibsted ASA | 62,940 | ||||
243 | SES SA | 4,131 | ||||
7 | Swisscom AG | 3,261 | ||||
356 | Tele2 AB | 4,745 | ||||
1,627 | Telefonica Deutschland Holding AG | 5,280 | ||||
699 | Telefonica SA, (2) | 5,822 | ||||
27,407 | Telenor ASA | 548,932 | ||||
1,347 | Telia Co AB | 5,730 | ||||
2,622 | Telstra Corp Ltd | 6,238 | ||||
356,741 | Vodafone Group PLC | 660,393 | ||||
18,523 | WPP PLC | 230,947 | ||||
Total Communication Services | 3,326,563 | |||||
Consumer Discretionary – 12.4% | ||||||
24 | adidas AG | 6,162 | ||||
402 | Asics Corp | 4,927 | ||||
659 | Barratt Developments PLC | 5,170 | ||||
2,074 | Bayerische Motoren Werke AG | 152,941 | ||||
6,927 | Bayerische Motoren Werke AG | 589,218 | ||||
205 | Benesse Holdings Inc. | 5,642 | ||||
127 | Berkeley Group Holdings PLC | 6,219 | ||||
223 | Burberry Group PLC | 5,864 | ||||
85 | Cie Financiere Richemont SA | 6,214 | ||||
39 | Cie Generale des Etablissements Michelin SCA | 5,033 | ||||
15,515 | Compass Group PLC | 352,541 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
2,009 | Denso Corp, (DD1) | $87,539 | ||||
233 | Electrolux AB | 5,718 | ||||
482 | Fast Retailing Co Ltd, (DD1) | 278,099 | ||||
2,413 | Harvey Norman Holdings Ltd | 7,082 | ||||
19,508 | Hennes & Mauritz AB | 339,771 | ||||
29,142 | Honda Motor Co Ltd | 811,397 | ||||
65 | HUGO BOSS AG | 4,528 | ||||
730 | Husqvarna AB | 6,654 | ||||
6,180 | Industria de Diseno Textil SA | 186,792 | ||||
10 | Kering SA | 5,906 | ||||
30,235 | Kingfisher PLC | 104,097 | ||||
1,515 | Marks & Spencer Group PLC | 5,647 | ||||
116 | Moncler SpA | 4,754 | ||||
80 | Next PLC | 6,013 | ||||
211 | NGK Spark Plug Co Ltd | 4,086 | ||||
351 | Nikon Corp | 4,885 | ||||
6,478 | Oriental Land Co Ltd/Japan | 713,671 | ||||
21,224 | Panasonic Corp | 194,565 | ||||
100 | Pandora A/S | 4,191 | ||||
485 | Peugeot SA | 12,697 | ||||
797 | Pirelli & C SpA, 144A | 5,813 | ||||
9 | Puma SE | 5,563 | ||||
32,108 | Rakuten Inc. | 356,035 | ||||
7,172 | Renault SA | 488,851 | ||||
34 | SEB SA | 6,219 | ||||
378 | Sekisui Chemical Co Ltd | 6,045 | ||||
14,343 | Sekisui House Ltd, (DD1) | 230,776 | ||||
47,231 | Shangri-La Asia Ltd | 66,945 | ||||
52 | Sodexo SA | 5,959 | ||||
18,400 | Sony Corp | 861,062 | ||||
179 | Stanley Electric Co Ltd | 4,838 | ||||
2,215 | Taylor Wimpey PLC | 5,238 | ||||
51,155 | Techtronic Industries Co Ltd | 369,706 | ||||
351 | USS Co Ltd | 6,700 | ||||
175 | Valeo SA | 6,348 | ||||
5,495 | Wesfarmers Ltd | 139,274 | ||||
86 | Whitbread PLC | 5,000 | ||||
4,095 | Yamada Denki Co Ltd, (DD1) | 19,377 | ||||
114 | Yamaha Corp | 5,886 | ||||
284 | Yamaha Motor Co Ltd | 5,834 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
172 | Zalando SE, (2) | $8,084 | ||||
Total Consumer Discretionary | 6,537,576 | |||||
Consumer Staples – 12.2% | ||||||
13,227 | Aeon Co Ltd, (DD1) | 243,994 | ||||
6,541 | Associated British Foods PLC | 218,210 | ||||
3 | Barry Callebaut AG | 5,494 | ||||
59 | Beiersdorf AG | 6,443 | ||||
11,390 | Carrefour SA | 221,724 | ||||
2,064 | Casino Guichard Perrachon SA | 84,429 | ||||
1 | Chocoladefabriken Lindt & Spruengli AG | 6,649 | ||||
772 | Coca-Cola Amatil Ltd | 4,782 | ||||
7,569 | Coca-Cola European Partners PLC | 405,623 | ||||
167 | Coca-Cola HBC AG | 5,967 | ||||
9,283 | Danone SA | 749,881 | ||||
201 | Essity AB | 5,958 | ||||
3,865 | Henkel AG & Co KGaA | 367,961 | ||||
70 | Henkel AG & Co KGaA | 7,079 | ||||
173 | ICA Gruppen AB | 6,251 | ||||
65,597 | J Sainsbury PLC | 190,272 | ||||
619 | Jeronimo Martins SGPS SA | 10,073 | ||||
1,702 | Kao Corp, (DD1) | 130,766 | ||||
53 | Kerry Group PLC | 5,928 | ||||
89 | Lawson Inc. | 4,147 | ||||
3,006 | L'Oreal SA | 825,699 | ||||
6,819 | METRO AG | 115,395 | ||||
10,707 | Mowi ASA | 231,412 | ||||
18,463 | Nestle SA | 1,776,543 | ||||
84 | Nissin Foods Holdings Co Ltd | 5,528 | ||||
20,036 | Orkla ASA | 156,720 | ||||
104 | Unilever NV | 6,289 | ||||
10,891 | Unilever PLC | 661,274 | ||||
1,766 | Wm Morrison Supermarkets PLC | 4,971 | ||||
Total Consumer Staples | 6,465,462 | |||||
Energy – 3.1% | ||||||
9,719 | Caltex Australia Ltd | 186,136 | ||||
8,461 | Enagas SA | 240,849 | ||||
25,538 | John Wood Group PLC | 156,642 | ||||
2,649 | Koninklijke Vopak NV | 118,007 | ||||
14,349 | Neste Oyj | 473,422 | ||||
68,691 | Snam SpA | 349,267 |
Shares | Description (1) | Value | ||||
Energy(continued) | ||||||
12,089 | WorleyParsons Ltd | $121,847 | ||||
Total Energy | 1,646,170 | |||||
Financials – 20.2% | ||||||
2,212 | 3i Group PLC | 30,870 | ||||
216 | ABN AMRO Group NV | 5,076 | ||||
3,539 | Allianz SE | 851,931 | ||||
109,844 | AMP Ltd | 175,502 | ||||
406 | Assicurazioni Generali SpA | 7,872 | ||||
74 | ASX Ltd | 3,880 | ||||
34,539 | Australia & New Zealand Banking Group Ltd | 661,239 | ||||
129,629 | Aviva PLC | 725,816 | ||||
269 | AXA SA | 7,158 | ||||
65,125 | Banco Bilbao Vizcaya Argentaria SA | 395,436 | ||||
49,479 | Banco Santander SA | 250,168 | ||||
34,694 | Bank Hapoalim BM | 254,834 | ||||
839 | Bendigo & Adelaide Bank Ltd | 6,082 | ||||
113 | BNP Paribas SA | 6,009 | ||||
65,572 | BOC Hong Kong Holdings Ltd | 293,366 | ||||
1,729 | CaixaBank SA, (2) | 5,501 | ||||
5,551 | CNP Assurances | 130,890 | ||||
40,532 | DBS Group Holdings Ltd | 841,191 | ||||
47 | Deutsche Boerse AG | 6,263 | ||||
86 | Eurazeo SE | 6,742 | ||||
13,411 | Hang Seng Bank Ltd | 352,138 | ||||
12,829 | Hong Kong Exchanges & Clearing Ltd | 444,781 | ||||
508 | ING Groep NV | 6,465 | ||||
234,986 | Intesa Sanpaolo SpA | 615,446 | ||||
25,636 | Investec PLC | 162,089 | ||||
13,148 | Investor AB | 626,089 | ||||
144 | Julius Baer Group Ltd | 6,941 | ||||
73 | KBC Group NV | 5,401 | ||||
9,061 | Kinnevik AB | 263,534 | ||||
1,823 | Legal & General Group PLC | 6,612 | ||||
97 | London Stock Exchange Group PLC | 6,340 | ||||
202 | MS&AD Insurance Group Holdings Inc., (DD1) | 6,235 | ||||
28 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 6,998 | ||||
1,150 | Natixis SA | 6,764 | ||||
10,375 | ORIX Corp | 146,391 | ||||
305 | Prudential PLC | 6,899 | ||||
1,089 | Singapore Exchange Ltd | 5,904 | ||||
601 | Skandinaviska Enskilda Banken AB | 5,729 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
1,096 | Sompo Holdings Inc., (DD1) | $40,947 | ||||
87,918 | Standard Chartered PLC | 802,300 | ||||
12,342 | Sumitomo Mitsui Trust Holdings Inc. | 428,188 | ||||
552 | Svenska Handelsbanken AB | 6,018 | ||||
277 | Swedbank AB | 4,489 | ||||
4,055 | Swiss Re AG | 390,219 | ||||
358 | T&D Holdings Inc. | 3,846 | ||||
9,402 | Tokio Marine Holdings Inc. | 472,907 | ||||
145 | Tryg A/S | 4,427 | ||||
20,684 | UBS Group AG | 277,377 | ||||
44 | Wendel SA | 6,085 | ||||
46,233 | Westpac Banking Corp | 895,206 | ||||
Total Financials | 10,678,591 | |||||
Health Care – 8.0% | ||||||
48,282 | Astellas Pharma Inc., (DD1) | 654,164 | ||||
12,433 | AstraZeneca PLC | 928,086 | ||||
562 | Chugai Pharmaceutical Co Ltd | 35,524 | ||||
44 | Cochlear Ltd | 5,802 | ||||
58 | Coloplast A/S | 6,253 | ||||
51,688 | ConvaTec Group PLC | 93,359 | ||||
944 | CSL Ltd | 131,937 | ||||
8,018 | Eisai Co Ltd | 464,630 | ||||
50 | EssilorLuxottica SA | 6,080 | ||||
608 | Fisher & Paykel Healthcare Corp Ltd | 6,411 | ||||
2,315 | H Lundbeck A/S | 97,303 | ||||
5,591 | Koninklijke Philips NV | 237,882 | ||||
575 | Lonza Group AG | 177,579 | ||||
111 | Novo Nordisk A/S | 5,424 | ||||
158 | Orion Oyj | 5,247 | ||||
109 | QIAGEN NV, (2) | 4,206 | ||||
178 | Ramsay Health Care Ltd | 8,184 | ||||
3,921 | Roche Holding AG | 1,033,543 | ||||
588 | Ryman Healthcare Ltd | 4,764 | ||||
3,120 | Sanofi | 270,950 | ||||
382 | Santen Pharmaceutical Co Ltd | 5,810 | ||||
32 | Sartorius AG | 5,853 | ||||
50 | Sartorius Stedim Biotech | 6,780 | ||||
374 | Sonic Healthcare Ltd | 6,752 | ||||
29 | Sonova Holding AG | 5,848 | ||||
763 | Sumitomo Dainippon Pharma Co Ltd | 16,784 | ||||
101 | Sysmex Corp | 5,760 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
46 | UCB SA | $3,646 | ||||
84 | Vifor Pharma AG | 10,980 | ||||
Total Health Care | 4,245,541 | |||||
Industrials – 18.9% | ||||||
20,756 | ABB Ltd | 427,138 | ||||
114 | Adecco Group AG | 6,547 | ||||
1,107 | Aeroports de Paris | 225,296 | ||||
262 | Alfa Laval AB | 6,074 | ||||
5,023 | Alstom SA | 220,668 | ||||
210 | Ashtead Group PLC | 5,809 | ||||
284 | Assa Abloy AB | 6,052 | ||||
173 | Atlas Copco AB | 5,372 | ||||
191 | Atlas Copco AB | 5,431 | ||||
1,194 | Auckland International Airport Ltd | 6,346 | ||||
5,893 | Bouygues SA | 221,508 | ||||
745 | Brambles Ltd | 6,319 | ||||
117 | Brenntag AG | 6,302 | ||||
269 | Bureau Veritas SA | 6,807 | ||||
18,564 | Cie de Saint-Gobain | 758,122 | ||||
22,580 | CNH Industrial NV | 244,653 | ||||
101 | Daifuku Co Ltd | 6,148 | ||||
6,107 | Daikin Industries Ltd, (DD1) | 773,142 | ||||
65 | DCC PLC | 5,803 | ||||
10,167 | Deutsche Post AG | 352,079 | ||||
130 | Edenred | 6,121 | ||||
62 | Eiffage SA | 6,469 | ||||
8,088 | Experian PLC | 234,602 | ||||
346 | Ferguson PLC | 24,538 | ||||
18,286 | Ferrovial SA | 450,029 | ||||
1,011 | Fraport AG Frankfurt Airport Services Worldwide | 83,663 | ||||
15 | Geberit AG | 6,290 | ||||
2,605 | Getlink SE | 41,894 | ||||
604 | Hino Motors Ltd | 5,683 | ||||
210 | Hitachi Construction Machinery Co Ltd | 5,562 | ||||
37 | HOCHTIEF AG | 5,515 | ||||
85 | Intertek Group PLC | 5,928 | ||||
183 | ISS A/S | 5,686 | ||||
390 | Kajima Corp | 5,760 | ||||
5,324 | Kawasaki Heavy Industries Ltd | 123,617 | ||||
102 | Keio Corp | 6,136 | ||||
816 | KION Group AG | 55,821 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
10,445 | Komatsu Ltd, (DD1) | $267,467 | ||||
25,339 | Kubota Corp | 382,900 | ||||
47 | Kuehne + Nagel International AG | 6,829 | ||||
201 | Kyushu Railway Co, (DD1) | 6,533 | ||||
88 | Legrand SA | 6,462 | ||||
28,913 | Meggitt PLC | 205,198 | ||||
133 | Metso OYJ | 4,950 | ||||
13,890 | Mitsubishi Electric Corp | 197,297 | ||||
57,347 | MTR Corp Ltd | 341,360 | ||||
1,939 | MTU Aero Engines AG | 455,686 | ||||
219 | Nagoya Railroad Co Ltd | 5,919 | ||||
490 | NGK Insulators Ltd | 7,233 | ||||
203 | Nippon Express Co Ltd | 11,118 | ||||
592 | Obayashi Corp | 5,788 | ||||
231 | Odakyu Electric Railway Co Ltd | 5,422 | ||||
3,620 | OSRAM Licht AG | 123,696 | ||||
126 | Randstad NV | 7,190 | ||||
9,155 | Recruit Holdings Co Ltd, (DD1) | 273,643 | ||||
19,913 | RELX PLC | 456,629 | ||||
9,550 | Rexel SA | 128,218 | ||||
33,901 | Royal Mail PLC | 111,725 | ||||
362 | Sandvik AB | 6,688 | ||||
8,731 | Schneider Electric SE | 738,363 | ||||
3 | SGS SA | 7,917 | ||||
663 | Shimizu Corp | 5,649 | ||||
8,373 | Siemens AG | 1,001,608 | ||||
365 | Skanska AB | 6,347 | ||||
374 | SKF AB | 6,914 | ||||
295 | Smiths Group PLC | 5,855 | ||||
59 | Societe BIC SA | 5,081 | ||||
127 | Sohgo Security Services Co Ltd | 5,650 | ||||
1,158 | Sydney Airport | 6,211 | ||||
25 | Teleperformance | 4,799 | ||||
305 | Tokyu Corp | 4,962 | ||||
82,303 | Transurban Group | 778,565 | ||||
64 | Vestas Wind Systems A/S | 5,784 | ||||
400 | Volvo AB | 6,395 | ||||
352 | Wartsila OYJ Abp | 5,610 | ||||
298 | Weir Group PLC/The | 6,447 | ||||
100 | Wolters Kluwer NV | 6,969 | ||||
Total Industrials | 9,996,007 |
Shares | Description (1) | Value | ||||
Information Technology – 4.2% | ||||||
75 | Amadeus IT Group SA | $5,961 | ||||
2,121 | ASML Holding NV | 441,029 | ||||
3,042 | Atos SE | 312,893 | ||||
34 | Capgemini SE | 4,119 | ||||
3,293 | Fujitsu Ltd, (DD1) | 240,526 | ||||
1,862 | Ingenico Group SA | 156,840 | ||||
5,388 | Kyocera Corp, (DD1) | 347,831 | ||||
126 | Murata Manufacturing Co Ltd | 6,743 | ||||
752 | Nokia OYJ | 3,943 | ||||
115 | Omron Corp | 6,144 | ||||
3,650 | SAP SE | 468,696 | ||||
249 | Shimadzu Corp | 6,649 | ||||
10,005 | STMicroelectronics NV | 183,606 | ||||
37 | Tokyo Electron Ltd | 5,862 | ||||
43 | Wixcom Ltd, (2) | 5,769 | ||||
174 | Yaskawa Electric Corp | 6,398 | ||||
278 | Yokogawa Electric Corp | 5,786 | ||||
Total Information Technology | 2,208,795 | |||||
Materials – 7.8% | ||||||
2,100 | Akzo Nobel NV | 178,158 | ||||
561 | Amcor Ltd/Australia | 6,330 | ||||
14,798 | Antofagasta PLC | 175,166 | ||||
60 | Arkema SA | 6,150 | ||||
2,251 | Asahi Kasei Corp | 23,101 | ||||
10,204 | Boliden AB | 302,681 | ||||
3,636 | Chr Hansen Holding A/S | 370,606 | ||||
276 | Clariant AG | 5,672 | ||||
2,894 | Covestro AG | 158,111 | ||||
85 | Croda International PLC | 5,741 | ||||
2,715 | Daicel Corp | 30,276 | ||||
10,966 | Fletcher Building Ltd | 37,736 | ||||
65 | Givaudan SA | 168,337 | ||||
3,920 | Hitachi Chemical Co Ltd | 103,829 | ||||
8,000 | Hitachi Metals Ltd, (DD1) | 92,013 | ||||
98 | Imerys SA | 5,215 | ||||
7,129 | Johnson Matthey PLC | 310,131 | ||||
987 | Kansai Paint Co Ltd | 18,743 | ||||
1,314 | Koninklijke DSM NV | 149,984 | ||||
410 | Kuraray Co Ltd | 5,474 | ||||
769 | Mitsubishi Chemical Holdings Corp | 5,448 | ||||
231 | Mondi PLC | 5,061 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
23,362 | Newcrest Mining Ltd | $411,248 | ||||
91 | Nitto Denko Corp | 4,894 | ||||
433 | Orica Ltd | 5,669 | ||||
5,032 | Showa Denko KK, (DD1) | 170,105 | ||||
94 | Sika AG | 14,391 | ||||
192 | Smurfit Kappa Group PLC | 5,623 | ||||
13,295 | Stora Enso OYJ | 164,865 | ||||
55,561 | Sumitomo Chemical Co Ltd | 275,373 | ||||
8,679 | Sumitomo Metal Mining Co Ltd | 271,104 | ||||
65 | Symrise AG | 6,243 | ||||
375 | Teijin Ltd | 6,421 | ||||
51,727 | Toray Industries Inc. | 352,046 | ||||
6,225 | Umicore SA | 240,684 | ||||
193 | UPM-Kymmene OYJ | 5,431 | ||||
Total Materials | 4,098,060 | |||||
Real Estate – 2.5% | ||||||
9,466 | British Land Co PLC/The | 73,302 | ||||
4,389 | CapitaLand Commercial Trust | 6,255 | ||||
40,000 | CapitaLand Ltd | 103,732 | ||||
2,575 | CapitaLand Mall Trust | 4,578 | ||||
14,534 | City Developments Ltd | 95,455 | ||||
64 | Covivio | 6,921 | ||||
15,959 | Daiwa House Industry Co Ltd | 445,777 | ||||
107 | Deutsche Wohnen SE | 4,805 | ||||
596 | Dexus | 5,244 | ||||
47 | Gecina SA | 7,011 | ||||
658 | Goodman Group | 6,095 | ||||
1,293 | GPT Group/The | 5,215 | ||||
28,857 | Hammerson PLC | 121,097 | ||||
577 | Hulic Co Ltd | 4,963 | ||||
1,092 | Hysan Development Co Ltd | 6,110 | ||||
74 | ICADE | 6,319 | ||||
12,057 | Land Securities Group PLC | 145,078 | ||||
441 | Lendlease Group | 4,128 | ||||
2,270 | Mirvac Group | 4,522 | ||||
354 | Mitsubishi Estate Co Ltd | 5,961 | ||||
3 | Nippon Prologis REIT Inc. | 6,438 | ||||
289 | Nomura Real Estate Holdings Inc. | 6,111 | ||||
400 | Segro PLC | 3,538 | ||||
2,152 | Stockland | 5,710 | ||||
3,170 | Sun Hung Kai Properties Ltd | 54,710 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
43,644 | Swire Properties Ltd | $177,182 | ||||
79 | Swiss Prime Site AG | 6,342 | ||||
42 | Unibail-Rodamco-Westfield | 7,213 | ||||
1,187 | UOL Group Ltd | 6,610 | ||||
Total Real Estate | 1,336,422 | |||||
Utilities – 3.6% | ||||||
18,021 | Meridian Energy Ltd | 48,794 | ||||
69,921 | National Grid PLC | 762,126 | ||||
7,059 | Orsted A/S | 539,996 | ||||
11,287 | Red Electrica Corp SA, (2) | 233,823 | ||||
1,035 | Terna Rete Elettrica Nazionale SpA | 6,192 | ||||
25,422 | United Utilities Group PLC | 274,676 | ||||
1,293 | Verbund AG | 64,078 | ||||
Total Utilities | 1,929,685 | |||||
Total Long-Term Investments (cost $52,706,443) | 52,468,872 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$100 | Federal Home Loan Banks, Discount Notes | 0.000% | 5/01/19 | N/R | $100,000 | |
Total Short-Term Investments (cost $100,000) | 100,000 | |||||
Total Investments (cost $52,806,443) – 99.4% | 52,568,872 | |||||
Other Assets Less Liabilities – 0.6% | 300,885 | |||||
Net Assets – 100% | $52,869,757 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
DD1 | Portion of investment purchased on a delayed delivery basis. | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 11.1% | ||||||
1,449 | Alphabet Inc., Class A, (2) | $1,737,293 | ||||
1,995 | Alphabet Inc., Class C, (2) | 2,371,017 | ||||
22,851 | Liberty Global PLC, (2) | 597,554 | ||||
8,477 | Liberty Global PLC, (2) | 228,964 | ||||
13,065 | Walt Disney Co/The | 1,789,513 | ||||
Total Communication Services | 6,724,341 | |||||
Consumer Discretionary – 15.6% | ||||||
37 | Advance Auto Parts Inc. | 6,154 | ||||
75 | Aptiv PLC | 6,428 | ||||
9,592 | Aramark | 298,119 | ||||
579 | Booking Holdings Inc., (2) | 1,074,039 | ||||
35 | Burlington Stores Inc., (2) | 5,912 | ||||
90 | CarMax Inc., (2) | 7,007 | ||||
418 | Chipotle Mexican Grill Inc., (2) | 287,601 | ||||
365 | eBay Inc. | 14,144 | ||||
1,400 | Hilton Worldwide Holdings Inc. | 121,786 | ||||
8,020 | Home Depot Inc/The | 1,633,674 | ||||
11,172 | LKQ Corp, (2) | 336,277 | ||||
10,436 | Lowe's Cos Inc. | 1,180,729 | ||||
1,734 | Lululemon Athletica Inc., (2) | 305,791 | ||||
413 | Mattel Inc. | 5,034 | ||||
1,968 | MercadoLibre Inc. | 952,788 | ||||
10,458 | NIKE Inc, Class B | 918,526 | ||||
50 | PVH Corp | 6,449 | ||||
59 | Ross Stores Inc. | 5,762 | ||||
4,054 | Starbucks Corp | 314,915 | ||||
2,875 | Tesla Inc., (2) | 686,234 | ||||
4,967 | TJX Cos Inc/The | 272,589 | ||||
16 | Ulta Beauty Inc., (2) | 5,584 | ||||
269 | Under Armour Inc., (2) | 6,211 | ||||
5,034 | Under Armour Inc., (2) | 104,304 | ||||
1,797 | Vail Resorts Inc. | 411,243 | ||||
2,698 | Wayfair Inc., (2) | 437,481 | ||||
Total Consumer Discretionary | 9,404,781 |
Shares | Description (1) | Value | ||||
Consumer Staples – 3.2% | ||||||
85 | Church & Dwight Co Inc. | $6,371 | ||||
4,158 | Costco Wholesale Corp | 1,020,914 | ||||
2,672 | Estee Lauder Cos Inc/The | 459,076 | ||||
132 | Hormel Foods Corp | 5,272 | ||||
464 | Lamb Weston Holdings Inc. | 32,503 | ||||
2,684 | McCormick & Co Inc/MD | 413,256 | ||||
Total Consumer Staples | 1,937,392 | |||||
Energy – 2.3% | ||||||
14,941 | Baker Hughes a GE Co | 358,883 | ||||
9,361 | Cheniere Energy Inc., (2) | 602,380 | ||||
227 | National Oilwell Varco Inc. | 5,934 | ||||
6,450 | ONEOK Inc. | 438,149 | ||||
Total Energy | 1,405,346 | |||||
Financials – 7.5% | ||||||
9,406 | American Express Co | 1,102,665 | ||||
3,503 | Charles Schwab Corp/The | 160,367 | ||||
67 | Comerica Inc. | 5,266 | ||||
57 | First Republic Bank/CA | 6,020 | ||||
7,922 | Intercontinental Exchange Inc. | 644,455 | ||||
3,878 | Marsh & McLennan Cos Inc. | 365,657 | ||||
776 | Moody's Corp | 152,577 | ||||
12,526 | Progressive Corp/The | 978,907 | ||||
4,536 | S&P Global Inc. | 1,000,914 | ||||
552 | SVB Financial Group, (2) | 138,949 | ||||
Total Financials | 4,555,777 | |||||
Health Care – 10.6% | ||||||
1,870 | ABIOMED Inc., (2) | 518,757 | ||||
3,100 | Align Technology Inc., (2) | 1,006,508 | ||||
70 | Biogen Inc., (2) | 16,047 | ||||
429 | BioMarin Pharmaceutical Inc., (2) | 36,692 | ||||
8,120 | Celgene Corp, (2) | 768,639 | ||||
5,992 | Centene Corp, (2) | 308,948 | ||||
93 | Cerner Corp | 6,180 | ||||
3,316 | Cigna Corp | 526,713 | ||||
18 | Cooper Cos Inc/The | 5,219 | ||||
90 | DaVita Inc., (2) | 4,972 | ||||
116 | DexCom Inc., (2) | 14,044 | ||||
3,018 | Edwards Lifesciences Corp, (2) | 531,379 | ||||
6,439 | Eli Lilly & Co | 753,621 | ||||
2,588 | Humana Inc. | 661,001 | ||||
17 | Illumina Inc., (2) | 5,304 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
2,475 | IQVIA Holdings Inc., (2) | $343,777 | ||||
47 | Jazz Pharmaceuticals PLC, (2) | 6,099 | ||||
56 | Laboratory Corp of America Holdings, (2) | 8,956 | ||||
9 | Mettler-Toledo International Inc., (2) | 6,707 | ||||
5,462 | Nektar Therapeutics, (2) | 174,893 | ||||
55 | ResMed Inc. | 5,748 | ||||
19 | Teleflex Inc. | 5,437 | ||||
45 | Varian Medical Systems Inc., (2) | 6,128 | ||||
3,771 | Vertex Pharmaceuticals Inc., (2) | 637,224 | ||||
36 | Waters Corp, (2) | 7,687 | ||||
129 | Zoetis Inc. | 13,137 | ||||
Total Health Care | 6,379,817 | |||||
Industrials – 11.8% | ||||||
431 | 3M Co | 81,679 | ||||
45 | Acuity Brands Inc. | 6,585 | ||||
112 | AO Smith Corp | 5,888 | ||||
3,026 | CH Robinson Worldwide Inc. | 245,106 | ||||
27 | Cintas Corp | 5,863 | ||||
867 | Copart Inc., (2) | 58,366 | ||||
61 | Dover Corp | 5,980 | ||||
95 | Fastenal Co | 6,702 | ||||
484 | Fortive Corp | 41,789 | ||||
120 | Fortune Brands Home & Security Inc. | 6,334 | ||||
8,926 | IHS Markit Ltd, (2) | 511,103 | ||||
70 | Illinois Tool Works Inc. | 10,894 | ||||
7,243 | Ingersoll-Rand PLC | 888,064 | ||||
1,802 | L3 Technologies Inc. | 393,881 | ||||
27 | Lennox International Inc. | 7,329 | ||||
48 | Middleby Corp/The, (2) | 6,342 | ||||
3,603 | Rockwell Automation Inc. | 651,098 | ||||
132 | Rollins Inc. | 5,104 | ||||
2,714 | Roper Technologies Inc. | 976,226 | ||||
113 | Sensata Technologies Holding PLC, (2) | 5,643 | ||||
4,875 | Spirit AeroSystems Holdings Inc. | 423,638 | ||||
1,815 | TransDigm Group Inc., (2) | 875,774 | ||||
8,402 | TransUnion | 585,199 | ||||
7,382 | United Parcel Service Inc. | 784,116 | ||||
1,857 | United Rentals Inc., (2) | 261,688 | ||||
48 | Verisk Analytics Inc. | 6,775 | ||||
19 | WW Grainger Inc. | 5,358 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
3,129 | Xylem Inc/NY | $260,959 | ||||
Total Industrials | 7,123,483 | |||||
Information Technology – 31.8% | ||||||
6,979 | Accenture PLC | 1,274,854 | ||||
4,945 | Adobe Inc., (2) | 1,430,341 | ||||
15,791 | Applied Materials Inc. | 695,909 | ||||
5,384 | Autodesk Inc., (2) | 959,483 | ||||
6,696 | Automatic Data Processing Inc. | 1,100,755 | ||||
110 | Cadence Design Systems Inc., (2) | 7,632 | ||||
4,139 | Intuit Inc. | 1,039,137 | ||||
5,590 | Keysight Technologies Inc., (2) | 486,498 | ||||
39,932 | Microsoft Corp | 5,215,119 | ||||
7,125 | NVIDIA Corp | 1,289,625 | ||||
7,925 | salesforcecom Inc., (2) | 1,310,399 | ||||
10,937 | Texas Instruments Inc. | 1,288,707 | ||||
7,484 | Trimble Inc., (2) | 305,497 | ||||
12,916 | Visa Inc, Class A | 2,123,778 | ||||
3,479 | VMware Inc., (2) | 710,168 | ||||
Total Information Technology | 19,237,902 | |||||
Materials – 3.4% | ||||||
9,774 | Axalta Coating Systems Ltd, (2) | 263,703 | ||||
3,246 | Ball Corp | 194,565 | ||||
5,317 | Ecolab Inc. | 978,753 | ||||
5,475 | PPG Industries Inc. | 643,313 | ||||
Total Materials | 2,080,334 | |||||
Real Estate – 2.6% | ||||||
5,968 | American Tower Corp | 1,165,551 | ||||
116 | CBRE Group Inc., (2) | 6,040 | ||||
5,372 | Prologis Inc. | 411,871 | ||||
Total Real Estate | 1,583,462 | |||||
Total Long-Term Investments (cost $53,643,148) | 60,432,635 | |||||
Other Assets Less Liabilities – 0.1% | 79,632 | |||||
Net Assets – 100% | $60,512,267 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 7.0% | ||||||
35,476 | CenturyLink Inc. | $405,136 | ||||
40,864 | Comcast Corp | 1,778,810 | ||||
225 | Discovery Inc., (2) | 6,471 | ||||
255 | Interpublic Group of Cos Inc/The | 5,865 | ||||
84 | Liberty Broadband Corp, (2) | 8,292 | ||||
78 | Omnicom Group Inc. | 6,242 | ||||
17,820 | Sprint Corp, (2) | 99,436 | ||||
32,926 | Verizon Communications Inc. | 1,883,038 | ||||
208 | Viacom Inc. | 6,013 | ||||
Total Communication Services | 4,199,303 | |||||
Consumer Discretionary – 4.9% | ||||||
4,409 | Aptiv PLC | 377,851 | ||||
1,226 | Darden Restaurants Inc. | 144,178 | ||||
234 | Gap Inc/The | 6,103 | ||||
1,188 | Garmin Ltd | 101,859 | ||||
10,954 | Goodyear Tire & Rubber Co/The | 210,426 | ||||
249 | H&R Block Inc | 6,775 | ||||
433 | Hanesbrands Inc. | 7,824 | ||||
3,783 | Harley-Davidson Inc. | 140,841 | ||||
134 | Kohl's Corp | 9,527 | ||||
217 | L Brands Inc. | 5,564 | ||||
154 | Leggett & Platt Inc. | 6,062 | ||||
236 | Macy's Inc. | 5,555 | ||||
46 | Mohawk Industries Inc., (2) | 6,268 | ||||
13,827 | Newell Brands Inc. | 198,832 | ||||
134 | Nordstrom Inc. | 5,497 | ||||
219 | PulteGroup Inc. | 6,890 | ||||
5,501 | Royal Caribbean Cruises Ltd | 665,291 | ||||
11,055 | Target Corp | 855,878 | ||||
856 | Tiffany & Co | 92,294 | ||||
1,196 | VF Corp | 112,914 | ||||
Total Consumer Discretionary | 2,966,429 | |||||
Consumer Staples – 12.3% | ||||||
6,768 | Bunge Ltd | 354,711 | ||||
183 | Campbell Soup Co | 7,080 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
35,418 | Coca-Cola Co/The | $1,737,607 | ||||
5,690 | Colgate-Palmolive Co | 414,175 | ||||
18,929 | General Mills Inc. | 974,276 | ||||
160 | Hormel Foods Corp | 6,390 | ||||
1,276 | Kellogg Co | 76,943 | ||||
586 | Kimberly-Clark Corp | 75,231 | ||||
13,012 | PepsiCo Inc. | 1,666,186 | ||||
19,306 | Procter & Gamble Co/The | 2,055,703 | ||||
Total Consumer Staples | 7,368,302 | |||||
Energy – 6.2% | ||||||
8,631 | Baker Hughes a GE Co | 207,317 | ||||
5,241 | Helmerich & Payne Inc. | 306,703 | ||||
3,936 | HollyFrontier Corp | 187,865 | ||||
12,011 | ONEOK Inc. | 815,907 | ||||
120 | Targa Resources Corp | 4,818 | ||||
20,600 | TechnipFMC PLC | 506,554 | ||||
9,902 | Valero Energy Corp | 897,716 | ||||
27,775 | Williams Cos Inc/The | 786,866 | ||||
Total Energy | 3,713,746 | |||||
Financials – 22.2% | ||||||
71 | Affiliated Managers Group Inc. | 7,875 | ||||
1,640 | Allstate Corp/The | 162,458 | ||||
21,361 | American International Group Inc. | 1,016,143 | ||||
61 | Ameriprise Financial Inc. | 8,953 | ||||
339 | Arch Capital Group Ltd, (2) | 11,451 | ||||
83 | Arthur J Gallagher & Co | 6,941 | ||||
53 | Assurant Inc. | 5,035 | ||||
303 | AXA Equitable Holdings Inc. | 6,875 | ||||
18,421 | Bank of New York Mellon Corp/The | 914,787 | ||||
17,944 | BB&T Corp | 918,733 | ||||
2,237 | BlackRock Inc. | 1,085,482 | ||||
11,132 | Capital One Financial Corp | 1,033,384 | ||||
7,510 | Chubb Ltd | 1,090,452 | ||||
129 | CIT Group Inc. | 6,872 | ||||
22,973 | Citigroup Inc. | 1,624,191 | ||||
149 | Citizens Financial Group Inc. | 5,394 | ||||
2,304 | CME Group Inc. | 412,186 | ||||
66 | Comerica Inc. | 5,187 | ||||
6,781 | East West Bancorp Inc. | 349,086 | ||||
220 | Fifth Third Bancorp | 6,340 | ||||
183 | Franklin Resources Inc. | 6,330 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
40,942 | Huntington Bancshares Inc/OH | $569,913 | ||||
46,209 | KeyCorp | 810,968 | ||||
99 | Lincoln National Corp | 6,605 | ||||
35 | M&T Bank Corp | 5,952 | ||||
8,429 | Marsh & McLennan Cos Inc. | 794,770 | ||||
6,531 | Morgan Stanley | 315,121 | ||||
91 | Northern Trust Corp | 8,968 | ||||
294 | People's United Financial Inc. | 5,083 | ||||
70 | Raymond James Financial Inc. | 6,410 | ||||
312 | Regions Financial Corp | 4,845 | ||||
48 | Signature Bank/New York NY | 6,339 | ||||
168 | State Street Corp | 11,367 | ||||
92 | SunTrust Banks Inc. | 6,024 | ||||
6,775 | Travelers Cos Inc/The | 973,906 | ||||
21,489 | US Bancorp | 1,145,794 | ||||
35 | Willis Towers Watson PLC | 6,452 | ||||
209 | Zions Bancorp NA | 10,310 | ||||
Total Financials | 13,372,982 | |||||
Health Care – 13.4% | ||||||
15,101 | Abbott Laboratories | 1,201,435 | ||||
6,982 | AbbVie Inc. | 554,301 | ||||
8,264 | Agilent Technologies Inc. | 648,724 | ||||
1,503 | Allergan PLC | 220,941 | ||||
833 | Amgen Inc. | 149,373 | ||||
13,904 | Bristol-Myers Squibb Co | 645,563 | ||||
161 | Cardinal Health Inc. | 7,842 | ||||
24 | Cooper Cos Inc/The | 6,958 | ||||
15,620 | CVS Health Corp | 849,416 | ||||
10,643 | DENTSPLY SIRONA Inc. | 544,177 | ||||
7,022 | Eli Lilly & Co | 821,855 | ||||
8,576 | Gilead Sciences Inc. | 557,783 | ||||
48 | IQVIA Holdings Inc., (2) | 6,667 | ||||
21,546 | Merck & Co Inc. | 1,695,886 | ||||
1,580 | ResMed Inc. | 165,126 | ||||
31 | Teleflex Inc. | 8,872 | ||||
Total Health Care | 8,084,919 | |||||
Industrials – 7.8% | ||||||
4,866 | 3M Co | 922,156 | ||||
8,076 | Caterpillar Inc. | 1,125,956 | ||||
67 | CH Robinson Worldwide Inc. | 5,427 | ||||
98 | Deere & Co | 16,232 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
115 | IHS Markit Ltd, (2) | $6,585 | ||||
23,380 | Johnson Controls International plc | 876,750 | ||||
1,882 | L3 Technologies Inc. | 411,368 | ||||
120 | Owens Corning | 6,152 | ||||
854 | Parker-Hannifin Corp | 154,642 | ||||
6,462 | Union Pacific Corp | 1,144,032 | ||||
Total Industrials | 4,669,300 | |||||
Information Technology – 12.1% | ||||||
7,301 | Applied Materials Inc. | 321,755 | ||||
115 | FLIR Systems Inc. | 6,088 | ||||
49,693 | Hewlett Packard Enterprise Co | 785,646 | ||||
26,560 | HP Inc. | 529,872 | ||||
35,909 | Intel Corp | 1,832,795 | ||||
9,603 | International Business Machines Corp | 1,347,013 | ||||
74 | Keysight Technologies Inc., (2) | 6,440 | ||||
26,727 | Oracle Corp | 1,478,805 | ||||
5,530 | Skyworks Solutions Inc. | 487,636 | ||||
5,260 | TE Connectivity Ltd | 503,119 | ||||
Total Information Technology | 7,299,169 | |||||
Materials – 2.9% | ||||||
4,084 | International Flavors & Fragrances Inc. | 562,734 | ||||
10,842 | Mosaic Co/The | 283,085 | ||||
7,238 | Newmont Goldcorp Corp | 224,812 | ||||
5,739 | PPG Industries Inc. | 674,333 | ||||
Total Materials | 1,744,964 | |||||
Real Estate – 4.4% | ||||||
75 | Boston Properties Inc. | 10,322 | ||||
4,633 | Digital Realty Trust Inc. | 545,350 | ||||
13,790 | Host Hotels & Resorts Inc. | 265,320 | ||||
39 | Jones Lang LaSalle Inc. | 6,028 | ||||
5,377 | Simon Property Group Inc. | 933,985 | ||||
241 | UDR Inc. | 10,833 | ||||
31,933 | Weyerhaeuser Co | 855,804 | ||||
Total Real Estate | 2,627,642 | |||||
Utilities – 6.5% | ||||||
1,677 | American Water Works Co Inc. | 181,435 | ||||
165 | CMS Energy Corp | 9,166 | ||||
10,733 | Consolidated Edison Inc. | 924,755 | ||||
11,857 | Eversource Energy | 849,672 | ||||
1,538 | NiSource Inc. | 42,726 | ||||
15,287 | Public Service Enterprise Group Inc. | 911,869 |
Shares | Description (1) | Value | ||||
Utilities(continued) | ||||||
7,603 | Sempra Energy | $972,804 | ||||
Total Utilities | 3,892,427 | |||||
Total Long-Term Investments (cost $57,934,690) | 59,939,183 | |||||
Other Assets Less Liabilities – 0.3% | 170,940 | |||||
Net Assets – 100% | $60,110,123 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 7.6% | ||||||
3,982 | IAC/InterActiveCorp | $895,313 | ||||
6,518 | Liberty Broadband Corp, (2) | 643,392 | ||||
2,753 | Live Nation Entertainment Inc., (2) | 179,881 | ||||
8,449 | Take-Two Interactive Software Inc., (2) | 818,116 | ||||
13,325 | TripAdvisor Inc., (2) | 709,290 | ||||
22,349 | Zayo Group Holdings Inc., (2) | 699,300 | ||||
Total Communication Services | 3,945,292 | |||||
Consumer Discretionary – 13.9% | ||||||
22,064 | Aramark | 685,749 | ||||
458 | Burlington Stores Inc., (2) | 77,361 | ||||
10,879 | CarMax Inc., (2) | 847,039 | ||||
15,022 | LKQ Corp, (2) | 452,162 | ||||
3,666 | Lululemon Athletica Inc., (2) | 646,499 | ||||
14,013 | Mattel Inc. | 170,818 | ||||
2,782 | MercadoLibre Inc. | 1,346,877 | ||||
2,193 | Tractor Supply Co | 226,976 | ||||
24,201 | Under Armour Inc., (2) | 558,801 | ||||
12,957 | Under Armour Inc., (2) | 268,469 | ||||
3,970 | Vail Resorts Inc. | 908,535 | ||||
6,469 | Wayfair Inc., (2) | 1,048,948 | ||||
Total Consumer Discretionary | 7,238,234 | |||||
Consumer Staples – 1.2% | ||||||
4,033 | McCormick & Co Inc/MD | 620,961 | ||||
Energy – 1.8% | ||||||
14,809 | Cheniere Energy Inc., (2) | 952,959 | ||||
Financials – 3.4% | ||||||
11,273 | E*TRADE Financial Corp | 571,090 | ||||
5,155 | First Republic Bank/CA | 544,471 | ||||
1,957 | SVB Financial Group, (2) | 492,616 | ||||
2,760 | Voya Financial Inc. | 151,497 | ||||
Total Financials | 1,759,674 | |||||
Health Care – 15.3% | ||||||
2,971 | Cooper Cos Inc/The | 861,352 | ||||
8,517 | DaVita Inc., (2) | 470,479 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
10,610 | Henry Schein Inc., (2) | $679,677 | ||||
16,791 | Hologic Inc., (2) | 778,767 | ||||
5,118 | IDEXX Laboratories Inc., (2) | 1,187,376 | ||||
3,925 | Jazz Pharmaceuticals PLC, (2) | 509,347 | ||||
4,793 | Laboratory Corp of America Holdings, (2) | 766,496 | ||||
1,195 | Mettler-Toledo International Inc., (2) | 890,586 | ||||
7,918 | ResMed Inc. | 827,510 | ||||
53 | Varian Medical Systems Inc., (2) | 7,217 | ||||
4,552 | Waters Corp, (2) | 972,034 | ||||
Total Health Care | 7,950,841 | |||||
Industrials – 23.1% | ||||||
4,476 | Acuity Brands Inc. | 654,973 | ||||
1,750 | Allegion PLC | 173,652 | ||||
8,136 | CH Robinson Worldwide Inc. | 659,016 | ||||
16,655 | Copart Inc., (2) | 1,121,215 | ||||
1,963 | Dover Corp | 192,453 | ||||
7,341 | Expeditors International of Washington Inc. | 583,022 | ||||
12,338 | Fastenal Co | 870,446 | ||||
860 | Fortune Brands Home & Security Inc. | 45,391 | ||||
14,084 | HD Supply Holdings Inc., (2) | 643,498 | ||||
3,469 | L3 Technologies Inc. | 758,254 | ||||
3,390 | Lennox International Inc. | 920,215 | ||||
5,664 | Middleby Corp/The, (2) | 748,384 | ||||
11,897 | Robert Half International Inc. | 738,685 | ||||
9,063 | Spirit AeroSystems Holdings Inc. | 787,575 | ||||
14,183 | TransUnion | 987,846 | ||||
2,646 | United Rentals Inc., (2) | 372,874 | ||||
2,467 | WW Grainger Inc. | 695,694 | ||||
12,784 | Xylem Inc/NY | 1,066,186 | ||||
Total Industrials | 12,019,379 | |||||
Information Technology – 25.4% | ||||||
50,314 | Advanced Micro Devices Inc., (2) | 1,390,176 | ||||
12,832 | Akamai Technologies Inc., (2) | 1,027,330 | ||||
2,816 | ANSYS Inc., (2) | 551,373 | ||||
2,343 | Arista Networks Inc., (2) | 731,695 | ||||
8,715 | Broadridge Financial Solutions Inc. | 1,029,503 | ||||
18,828 | Cadence Design Systems Inc., (2) | 1,306,287 | ||||
1,937 | Citrix Systems Inc. | 195,559 | ||||
3,418 | Cognex Corp | 172,370 | ||||
6,383 | CommScope Holding Co Inc., (2) | 158,171 | ||||
13,731 | FLIR Systems Inc. | 726,919 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
11,033 | Fortinet Inc., (2) | $1,030,703 | ||||
4,018 | Jack Henry & Associates Inc. | 598,923 | ||||
10,668 | Keysight Technologies Inc., (2) | 928,436 | ||||
10,299 | Maxim Integrated Products Inc. | 617,940 | ||||
259 | ON Semiconductor Corp, (2) | 5,972 | ||||
7,338 | PTC Inc., (2) | 663,869 | ||||
7,589 | Sabre Corp | 157,548 | ||||
1,156 | Skyworks Solutions Inc. | 101,936 | ||||
4,118 | Tableau Software Inc., (2) | 501,614 | ||||
19,118 | Trimble Inc., (2) | 780,397 | ||||
4,304 | Xilinx Inc. | 517,082 | ||||
Total Information Technology | 13,193,803 | |||||
Materials – 4.9% | ||||||
20,676 | Axalta Coating Systems Ltd | 557,839 | ||||
16,598 | Ball Corp | 994,884 | ||||
7,949 | Vulcan Materials Co | 1,002,448 | ||||
Total Materials | 2,555,171 | |||||
Real Estate – 3.3% | ||||||
5,364 | CBRE Group Inc., (2) | 279,303 | ||||
5,290 | SBA Communications Corp, (2) | 1,077,732 | ||||
7,526 | UDR Inc. | 338,294 | ||||
Total Real Estate | 1,695,329 | |||||
Total Long-Term Investments (cost $45,561,777) | 51,931,643 | |||||
Other Assets Less Liabilities – 0.1% | 44,198 | |||||
Net Assets – 100% | $51,975,841 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 4.1% | ||||||
45,472 | CenturyLink Inc. | $519,290 | ||||
13,549 | Discovery Inc., (2) | 389,669 | ||||
20,516 | Interpublic Group of Cos Inc/The | 471,868 | ||||
9,493 | Liberty Broadband Corp, (2) | 937,054 | ||||
Total Communication Services | 2,317,881 | |||||
Consumer Discretionary – 17.3% | ||||||
15,383 | Best Buy Co Inc. | 1,144,649 | ||||
15,135 | BorgWarner Inc. | 632,189 | ||||
6,947 | Gap Inc/The | 181,178 | ||||
13,347 | Garmin Ltd | 1,144,372 | ||||
11,231 | Genuine Parts Co | 1,151,627 | ||||
44,827 | Hanesbrands Inc. | 810,024 | ||||
21,746 | Harley-Davidson Inc. | 809,603 | ||||
8,565 | Hasbro Inc. | 872,431 | ||||
855 | Macy's Inc. | 20,127 | ||||
6,966 | Mohawk Industries Inc., (2) | 949,117 | ||||
34,444 | Newell Brands Inc. | 495,305 | ||||
1,623 | Nordstrom Inc. | 66,575 | ||||
9,016 | Tiffany & Co | 972,105 | ||||
4,166 | Whirlpool Corp | 578,324 | ||||
Total Consumer Discretionary | 9,827,626 | |||||
Consumer Staples – 4.4% | ||||||
17,649 | Bunge Ltd | 924,984 | ||||
13,567 | Campbell Soup Co | 524,907 | ||||
228 | Ingredion Inc. | 21,603 | ||||
6,758 | McCormick & Co Inc/MD | 1,040,530 | ||||
Total Consumer Staples | 2,512,024 | |||||
Energy – 1.7% | ||||||
39,862 | TechnipFMC PLC | 980,207 | ||||
Financials – 20.0% | ||||||
31,747 | Ally Financial Inc. | 943,203 | ||||
14,667 | Arthur J Gallagher & Co | 1,226,455 | ||||
8,747 | Assurant Inc. | 830,965 | ||||
17,710 | AXA Equitable Holdings Inc. | 401,840 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
6,974 | CIT Group Inc. | $371,505 | ||||
33,684 | Citizens Financial Group Inc. | 1,219,361 | ||||
222 | Comerica Inc. | 17,447 | ||||
7,538 | East West Bancorp Inc. | 388,056 | ||||
34,656 | Huntington Bancshares Inc/OH | 482,411 | ||||
9,849 | Invesco Ltd | 216,383 | ||||
18,151 | Lincoln National Corp | 1,211,035 | ||||
28,254 | People's United Financial Inc. | 488,512 | ||||
22,868 | Principal Financial Group Inc. | 1,307,135 | ||||
12,242 | Raymond James Financial Inc. | 1,121,000 | ||||
25,304 | Regions Financial Corp | 392,971 | ||||
5,131 | Signature Bank/New York NY | 677,651 | ||||
215 | Voya Financial Inc. | 11,801 | ||||
Total Financials | 11,307,731 | |||||
Health Care – 3.2% | ||||||
12,021 | DENTSPLY SIRONA Inc. | 614,634 | ||||
5,036 | Quest Diagnostics Inc. | 485,369 | ||||
6,794 | ResMed Inc. | 710,041 | ||||
Total Health Care | 1,810,044 | |||||
Industrials – 9.2% | ||||||
2,121 | AMERCO | 791,494 | ||||
3,917 | CH Robinson Worldwide Inc. | 317,277 | ||||
3,675 | L3 Technologies Inc. | 803,281 | ||||
3,558 | ManpowerGroup Inc. | 341,710 | ||||
35,334 | Nielsen Holdings PLC | 902,077 | ||||
14,790 | Owens Corning | 758,283 | ||||
5,920 | Snap-on Inc. | 996,218 | ||||
1,999 | United Rentals Inc., (2) | 281,699 | ||||
Total Industrials | 5,192,039 | |||||
Information Technology – 9.6% | ||||||
9,491 | CommScope Holding Co Inc., (2) | 235,187 | ||||
6,687 | Flex Ltd, (2) | 73,825 | ||||
11,413 | FLIR Systems Inc. | 604,204 | ||||
8,749 | Keysight Technologies Inc., (2) | 761,425 | ||||
17,232 | Marvell Technology Group Ltd | 431,145 | ||||
5,451 | Microchip Technology Inc. | 544,500 | ||||
482 | ON Semiconductor Corp, (2) | 11,115 | ||||
12,048 | Skyworks Solutions Inc. | 1,062,393 | ||||
394 | Trimble Inc., (2) | 16,083 | ||||
36,777 | Western Union Co/The | 714,945 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
29,536 | Xerox Corp | $985,321 | ||||
Total Information Technology | 5,440,143 | |||||
Materials – 5.7% | ||||||
16,439 | Ball Corp | 985,354 | ||||
9,026 | Chemours Co/The | 325,026 | ||||
8,021 | International Flavors & Fragrances Inc. | 1,105,214 | ||||
23,814 | Mosaic Co/The | 621,783 | ||||
5,777 | Steel Dynamics Inc. | 183,015 | ||||
Total Materials | 3,220,392 | |||||
Real Estate – 16.1% | ||||||
3,641 | Alexandria Real Estate Equities Inc. | 518,442 | ||||
34,879 | Duke Realty Corp | 1,085,434 | ||||
27,610 | HCP Inc. | 822,226 | ||||
55,209 | Host Hotels & Resorts Inc. | 1,062,221 | ||||
28,279 | Iron Mountain Inc. | 918,502 | ||||
4,388 | Jones Lang LaSalle Inc. | 678,253 | ||||
1,981 | Kimco Realty Corp | 34,450 | ||||
19,350 | Liberty Property Trust | 960,534 | ||||
10,327 | Mid-America Apartment Communities Inc. | 1,129,877 | ||||
14,315 | Regency Centers Corp | 961,539 | ||||
21,163 | UDR Inc. | 951,277 | ||||
Total Real Estate | 9,122,755 | |||||
Utilities – 8.5% | ||||||
22,386 | CMS Energy Corp | 1,243,542 | ||||
20,243 | Eversource Energy | 1,450,613 | ||||
37,698 | NiSource Inc. | 1,047,251 | ||||
11,352 | Pinnacle West Capital Corp | 1,081,505 | ||||
Total Utilities | 4,822,911 | |||||
Total Long-Term Investments (cost $53,888,624) | 56,553,753 | |||||
Other Assets Less Liabilities – 0.2% | 135,044 | |||||
Net Assets – 100% | $56,688,797 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 2.4% | ||||||
623 | Boingo Wireless Inc., (2) | $14,167 | ||||
97 | Cable One Inc. | 102,871 | ||||
1,493 | Cincinnati Bell Inc., (2) | 13,288 | ||||
2,827 | Cinemark Holdings Inc. | 118,875 | ||||
6,192 | comScore Inc., (2) | 77,710 | ||||
1,106 | Consolidated Communications Holdings Inc. | 5,707 | ||||
2,921 | Emerald Expositions Events Inc. | 41,040 | ||||
15,161 | Entercom Communications Corp | 104,308 | ||||
17,217 | Gannett Co Inc. | 160,635 | ||||
7,349 | GCI Liberty Inc., (2) | 438,147 | ||||
20,706 | Globalstar Inc., (2) | 11,067 | ||||
9,141 | Gogo Inc., (2) | 48,082 | ||||
3,291 | Iridium Communications Inc., (2) | 90,371 | ||||
7,403 | John Wiley & Sons Inc. | 341,871 | ||||
3,578 | Lions Gate Entertainment Corp | 48,661 | ||||
8,531 | Lions Gate Entertainment Corp | 124,467 | ||||
1,985 | Loral Space & Communications Inc., (2) | 73,088 | ||||
2,611 | Marcus Corp/The | 98,226 | ||||
1,268 | Meredith Corp | 74,812 | ||||
4,344 | National CineMedia Inc. | 30,321 | ||||
10,818 | New York Times Co/The | 358,617 | ||||
4,002 | ORBCOMM Inc., (2) | 28,974 | ||||
4,888 | Scholastic Corp | 194,933 | ||||
231 | Shenandoah Telecommunications Co | 9,547 | ||||
946 | TEGNA Inc. | 15,060 | ||||
3,137 | Tribune Media Co | 144,929 | ||||
Total Communication Services | 2,769,774 | |||||
Consumer Discretionary – 11.4% | ||||||
6,002 | Aaron's Inc. | 334,251 | ||||
3,271 | American Axle & Manufacturing Holdings Inc. | 48,247 | ||||
2,398 | American Public Education Inc., (2) | 76,736 | ||||
2,110 | At Home Group Inc., (2) | 49,564 | ||||
2,358 | AutoNation Inc., (2) | 98,871 | ||||
5,442 | Barnes & Noble Education Inc., (2) | 23,401 | ||||
2,607 | BBX Capital Corp | 14,443 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
5,483 | Bright Horizons Family Solutions Inc., (2) | $702,646 | ||||
816 | Brinker International Inc. | 34,900 | ||||
15,588 | Callaway Golf Co | 273,725 | ||||
5,359 | Camping World Holdings Inc. | 79,956 | ||||
2,891 | Carriage Services Inc. | 50,737 | ||||
3,639 | Century Communities Inc., (2) | 92,540 | ||||
557 | Cooper-Standard Holdings Inc., (2) | 28,223 | ||||
7,422 | Core-Mark Holding Co Inc. | 269,790 | ||||
2,967 | Crocs Inc., (2) | 82,631 | ||||
3,578 | Dave & Buster's Entertainment Inc., (2) | 203,374 | ||||
1,578 | Deckers Outdoor Corp, (2) | 249,655 | ||||
1,297 | Dine Brands Global Inc. | 114,992 | ||||
3,406 | Dorman Products Inc., (2) | 298,604 | ||||
5,339 | Dunkin' Brands Group Inc. | 398,450 | ||||
2,956 | El Pollo Loco Holdings Inc., (2) | 37,778 | ||||
1,118 | Ethan Allen Interiors Inc. | 24,708 | ||||
9,538 | Etsy Inc., (2) | 644,197 | ||||
2,426 | Five Below Inc., (2) | 355,142 | ||||
466 | Foot Locker Inc. | 26,660 | ||||
7,186 | Fossil Group Inc., (2) | 93,921 | ||||
5,753 | Fox Factory Holding Corp, (2) | 446,433 | ||||
9,385 | frontdoor Inc., (2) | 330,727 | ||||
1,404 | GameStop Corp | 12,145 | ||||
3,368 | Gentherm Inc., (2) | 142,668 | ||||
13,030 | GNC Holdings Inc. | 28,927 | ||||
18,853 | GoPro Inc., (2) | 111,421 | ||||
302 | Graham Holdings Co | 224,516 | ||||
2,857 | Green Brick Partners Inc., (2) | 25,542 | ||||
1,950 | Group 1 Automotive Inc. | 152,704 | ||||
939 | Hamilton Beach Brands Holding Co | 16,996 | ||||
4,300 | Helen of Troy Ltd, (2) | 619,200 | ||||
1,811 | Hooker Furniture Corp | 53,986 | ||||
1,603 | Houghton Mifflin Harcourt Co, (2) | 11,429 | ||||
3,999 | International Speedway Corp | 176,436 | ||||
3,449 | iRobot Corp, (2) | 357,109 | ||||
2,229 | Jack in the Box Inc. | 171,856 | ||||
694 | KB Home | 17,982 | ||||
7,223 | Laureate Education Inc., (2) | 113,690 | ||||
1,338 | La-Z-Boy Inc. | 43,886 | ||||
1,790 | LGI Homes Inc., (2) | 124,065 | ||||
1,392 | Lithia Motors Inc. | 158,020 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
4,183 | MarineMax Inc., (2) | $72,324 | ||||
2,669 | Marriott Vacations Worldwide Corp | 281,926 | ||||
2,999 | MasterCraft Boat Holdings Inc., (2) | 74,195 | ||||
2,628 | Modine Manufacturing Co | 38,868 | ||||
726 | Monro Inc. | 60,861 | ||||
1,409 | Movado Group Inc. | 50,231 | ||||
911 | Murphy USA Inc., (2) | 77,863 | ||||
2,078 | National Vision Holdings Inc., (2) | 56,106 | ||||
2,257 | Noodles & Co, (2) | 16,138 | ||||
39,418 | Office Depot Inc. | 94,603 | ||||
6,561 | Pool Corp | 1,205,518 | ||||
6,731 | Quotient Technology Inc., (2) | 62,531 | ||||
1,726 | Rent-A-Center Inc/TX | 43,029 | ||||
4,375 | Sally Beauty Holdings Inc., (2) | 77,438 | ||||
24,155 | Service Corp International/US | 1,005,090 | ||||
7,412 | ServiceMaster Global Holdings Inc., (2) | 363,410 | ||||
3,948 | Shake Shack Inc., (2) | 242,012 | ||||
3,233 | Shutterfly Inc., (2) | 141,702 | ||||
5,437 | Signet Jewelers Ltd | 126,030 | ||||
4,587 | Six Flags Entertainment Corp | 243,524 | ||||
2,948 | Sleep Number Corp, (2) | 102,590 | ||||
3,250 | Sonos Inc., (2) | 35,490 | ||||
5,024 | Sotheby's | 211,912 | ||||
2,292 | TRI Pointe Group Inc., (2) | 29,911 | ||||
2,466 | Unifi Inc., (2) | 49,813 | ||||
2,859 | Visteon Corp, (2) | 188,751 | ||||
6,621 | Weight Watchers International Inc. | 135,201 | ||||
10,403 | Wendy's Co/The | 193,600 | ||||
2,034 | Wolverine World Wide Inc. | 74,872 | ||||
Total Consumer Discretionary | 13,403,419 | |||||
Consumer Staples – 2.5% | ||||||
7,733 | BJ's Wholesale Club Holdings Inc., (2) | 219,231 | ||||
2,000 | Casey's General Stores Inc. | 264,700 | ||||
17,763 | Darling Ingredients Inc., (2) | 387,411 | ||||
7,966 | Energizer Holdings Inc. | 381,492 | ||||
2,777 | Fresh Del Monte Produce Inc. | 81,949 | ||||
1,514 | Freshpet Inc., (2) | 67,615 | ||||
2,784 | Hain Celestial Group Inc/The, (2) | 60,747 | ||||
7,686 | Herbalife Nutrition Ltd | 406,205 | ||||
1,873 | Medifast Inc. | 274,750 | ||||
1,728 | Nu Skin Enterprises Inc. | 87,903 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
682 | Performance Food Group Co, (2) | $27,928 | ||||
608 | PriceSmart Inc. | 36,365 | ||||
9,575 | Simply Good Foods Co/The, (2) | 215,055 | ||||
1,758 | Smart & Final Stores Inc., (2) | 11,480 | ||||
639 | Sprouts Farmers Market Inc., (2) | 13,687 | ||||
631 | TreeHouse Foods Inc., (2) | 42,264 | ||||
8,213 | United Natural Foods Inc., (2) | 106,112 | ||||
7,707 | US Foods Holding Corp, (2) | 281,691 | ||||
220 | Weis Markets Inc. | 9,251 | ||||
Total Consumer Staples | 2,975,836 | |||||
Energy – 3.9% | ||||||
12,244 | Antero Midstream Corp | 149,499 | ||||
9,942 | Apergy Corp, (2) | 394,598 | ||||
16,102 | Archrock Inc. | 162,791 | ||||
9,792 | C&J Energy Services Inc., (2) | 137,578 | ||||
6,066 | Cactus Inc., (2) | 220,196 | ||||
23,162 | Clean Energy Fuels Corp, (2) | 72,729 | ||||
4,912 | Core Laboratories NV | 311,372 | ||||
12,763 | Delek US Holdings Inc. | 472,997 | ||||
5,758 | Dril-Quip Inc., (2) | 250,819 | ||||
35,603 | Equitrans Midstream Corp | 741,611 | ||||
5,351 | Exterran Corp, (2) | 76,091 | ||||
10,428 | Forum Energy Technologies Inc., (2) | 62,359 | ||||
11,824 | Frank's International NV | 69,052 | ||||
3,617 | FTS International Inc., (2) | 37,436 | ||||
16,453 | Helix Energy Solutions Group Inc, (2) | 128,662 | ||||
7,684 | Keane Group Inc., (2) | 80,605 | ||||
3,406 | KLX Energy Services Holdings Inc., (2) | 95,538 | ||||
4,096 | Matrix Service Co, (2) | 80,323 | ||||
29,759 | McDermott International Inc., (2) | 240,750 | ||||
2,135 | Natural Gas Services Group Inc., (2) | 34,309 | ||||
9,210 | Newpark Resources Inc., (2) | 67,233 | ||||
14,040 | Oceaneering International Inc. | 269,568 | ||||
7,224 | Oil States International Inc., (2) | 139,568 | ||||
5,515 | Renewable Energy Group Inc., (2) | 133,022 | ||||
8,318 | Select Energy Services Inc., (2) | 95,823 | ||||
20,463 | TETRA Technologies Inc., (2) | 48,702 | ||||
46,743 | Weatherford International PLC, (2) | 25,863 | ||||
Total Energy | 4,599,094 | |||||
Financials – 14.9% | ||||||
4,006 | Ameris Bancorp | 146,059 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
19,524 | Apollo Commercial Real Estate Finance Inc. | $365,880 | ||||
4,207 | Atlantic Capital Bancshares Inc., (2) | 73,370 | ||||
8,002 | Bancorp Inc/The, (2) | 81,700 | ||||
11,210 | BancorpSouth Bank | 341,681 | ||||
1,059 | Bank of Hawaii Corp | 87,240 | ||||
20,056 | Bank OZK | 654,828 | ||||
15,980 | BankUnited Inc. | 584,548 | ||||
1,812 | Banner Corp | 96,072 | ||||
1,037 | BOK Financial Corp | 90,364 | ||||
36,324 | Brown & Brown Inc. | 1,153,287 | ||||
2,523 | Byline Bancorp Inc., (2) | 50,511 | ||||
6,963 | Cadence BanCorp | 158,408 | ||||
4,097 | Capstead Mortgage Corp | 35,193 | ||||
3,154 | Cathay General Bancorp | 116,036 | ||||
5,323 | Chemical Financial Corp | 233,839 | ||||
10,960 | Chimera Investment Corp | 210,103 | ||||
3,428 | Cohen & Steers Inc. | 171,914 | ||||
3,110 | Columbia Banking System Inc. | 116,749 | ||||
3,659 | Cowen Inc., (2) | 61,288 | ||||
2,515 | Crawford & Co | 22,635 | ||||
3,115 | Cullen/Frost Bankers Inc. | 316,764 | ||||
1,333 | Customers Bancorp Inc., (2) | 30,192 | ||||
4,011 | Donnelley Financial Solutions Inc., (2) | 61,408 | ||||
1,652 | eHealth Inc., (2) | 100,343 | ||||
1,406 | Equity Bancshares Inc., (2) | 36,922 | ||||
1,573 | Erie Indemnity Co | 297,800 | ||||
1,078 | Evercore Inc. | 105,030 | ||||
3,366 | FactSet Research Systems Inc. | 928,578 | ||||
573 | Federal Agricultural Mortgage Corp | 43,823 | ||||
18,336 | First American Financial Corp | 1,046,252 | ||||
3,747 | First Financial Bancorp | 94,050 | ||||
1,966 | First Hawaiian Inc. | 54,360 | ||||
1,724 | First Interstate BancSystem Inc. | 72,856 | ||||
1,517 | First Midwest Bancorp Inc/IL | 32,570 | ||||
5,026 | Flagstar Bancorp Inc. | 179,680 | ||||
890 | Flushing Financial Corp | 20,114 | ||||
8,959 | Fulton Financial Corp | 154,543 | ||||
79,964 | Genworth Financial Inc. | 303,064 | ||||
1,942 | Glacier Bancorp Inc. | 82,710 | ||||
7,232 | Granite Point Mortgage Trust Inc. | 139,071 | ||||
2,660 | Great Western Bancorp Inc. | 93,552 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
7,765 | Green Dot Corp, (2) | $495,174 | ||||
4,874 | Hancock Whitney Corp | 213,189 | ||||
2,563 | Hanover Insurance Group Inc/The | 309,123 | ||||
877 | Heartland Financial USA Inc. | 39,377 | ||||
877 | Heritage Financial Corp/WA | 26,547 | ||||
2,862 | HomeStreet Inc. | 80,537 | ||||
1,314 | Independent Bank Corp/Rockland MA | 105,422 | ||||
2,591 | INTL FCStone Inc., (2) | 105,091 | ||||
31,917 | Investors Bancorp Inc. | 375,025 | ||||
2,275 | KKR Real Estate Finance Trust Inc. | 45,887 | ||||
16,721 | Ladenburg Thalmann Financial Services Inc, (2) | 61,366 | ||||
502 | LegacyTexas Financial Group Inc. | 20,120 | ||||
3,957 | Live Oak Bancshares Inc. | 69,129 | ||||
28,303 | MGIC Investment Corp, (2) | 414,356 | ||||
2,687 | Midland States Bancorp Inc. | 72,065 | ||||
3,112 | Morningstar Inc. | 446,416 | ||||
12,796 | Mr Cooper Group Inc., (2) | 110,046 | ||||
402 | National Bank Holdings Corp | 15,373 | ||||
47,750 | New York Community Bancorp Inc. | 555,333 | ||||
6,647 | On Deck Capital Inc., (2) | 36,293 | ||||
4,562 | Opus Bank | 99,771 | ||||
943 | Peapack Gladstone Financial Corp | 27,281 | ||||
568 | People's Utah Bancorp | 16,160 | ||||
6,219 | Pinnacle Financial Partners Inc. | 361,137 | ||||
5,562 | Popular Inc. | 320,983 | ||||
7,361 | PRA Group Inc., (2) | 206,991 | ||||
369 | ProAssurance Corp | 13,849 | ||||
1,512 | Prosperity Bancshares Inc. | 111,344 | ||||
2,594 | Ready Capital Corp | 39,195 | ||||
632 | Sandy Spring Bancorp Inc. | 22,051 | ||||
4,710 | ServisFirst Bancshares Inc. | 159,857 | ||||
4,111 | Simmons First National Corp | 104,378 | ||||
3,133 | South State Corp | 237,043 | ||||
44,109 | Starwood Property Trust Inc. | 1,016,713 | ||||
15,769 | Sterling Bancorp/DE | 337,772 | ||||
4,011 | Texas Capital Bancshares Inc., (2) | 259,632 | ||||
3,133 | TFS Financial Corp | 52,133 | ||||
3,776 | Triumph Bancorp Inc., (2) | 117,094 | ||||
1,822 | Trustmark Corp | 65,519 | ||||
2,900 | UMB Financial Corp | 202,594 | ||||
6,134 | Umpqua Holdings Corp | 106,486 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
576 | United Bankshares Inc/WV | $22,602 | ||||
7,818 | Virtu Financial Inc. | 192,166 | ||||
4,775 | Walker & Dunlop Inc. | 262,386 | ||||
528 | Webster Financial Corp | 28,053 | ||||
630 | Westamerica Bancorporation | 40,459 | ||||
5,154 | Western Alliance Bancorp, (2) | 246,258 | ||||
3,228 | Wintrust Financial Corp | 245,974 | ||||
1,328 | WSFS Financial Corp | 57,343 | ||||
Total Financials | 17,614,480 | |||||
Health Care – 12.8% | ||||||
4,234 | Acadia Healthcare Co Inc., (2) | 135,573 | ||||
11,241 | ACADIA Pharmaceuticals Inc., (2) | 270,346 | ||||
10,198 | Achillion Pharmaceuticals Inc., (2) | 30,186 | ||||
5,600 | Aclaris Therapeutics Inc., (2) | 35,280 | ||||
3,659 | Acorda Therapeutics Inc., (2) | 38,237 | ||||
6,222 | Aduro Biotech Inc., (2) | 25,448 | ||||
2,342 | Aerie Pharmaceuticals Inc., (2) | 89,347 | ||||
491 | Agios Pharmaceuticals Inc., (2) | 27,457 | ||||
2,798 | Akcea Therapeutics Inc., (2) | 70,202 | ||||
7,572 | Alder Biopharmaceuticals Inc., (2) | 102,903 | ||||
2,679 | Allakos Inc., (2) | 105,044 | ||||
9,714 | Allscripts Healthcare Solutions Inc., (2) | 95,877 | ||||
10,717 | Amicus Therapeutics Inc., (2) | 142,965 | ||||
3,574 | AMN Healthcare Services Inc., (2) | 186,062 | ||||
1,254 | Amneal Pharmaceuticals Inc., (2) | 16,139 | ||||
2,737 | AnaptysBio Inc., (2) | 199,035 | ||||
2,335 | Aptinyx Inc., (2) | 8,990 | ||||
3,483 | Assembly Biosciences Inc., (2) | 54,962 | ||||
5,086 | Assertio Therapeutics Inc., (2) | 21,209 | ||||
1,338 | Atara Biotherapeutics Inc., (2) | 44,957 | ||||
3,704 | AtriCure Inc., (2) | 111,194 | ||||
241 | Atrion Corp | 212,080 | ||||
2,919 | Audentes Therapeutics Inc., (2) | 110,309 | ||||
2,102 | Avrobio Inc., (2) | 39,539 | ||||
4,448 | Bellicum Pharmaceuticals Inc., (2) | 13,566 | ||||
11,400 | BioCryst Pharmaceuticals Inc., (2) | 84,702 | ||||
2,679 | BioTelemetry Inc., (2) | 145,738 | ||||
13,407 | BioTime Inc., (2) | 16,625 | ||||
3,068 | Bluebird Bio Inc., (2) | 435,134 | ||||
15,164 | Brookdale Senior Living Inc., (2) | 93,714 | ||||
7,942 | Bruker Corp | 306,561 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
5,278 | Cantel Medical Corp | $363,865 | ||||
4,026 | Capital Senior Living Corp, (2) | 16,909 | ||||
963 | Cardiovascular Systems Inc., (2) | 34,225 | ||||
539 | Catalent Inc., (2) | 24,158 | ||||
804 | Chemed Corp | 262,731 | ||||
7,076 | Coherus Biosciences Inc., (2) | 112,650 | ||||
3,520 | Collegium Pharmaceutical Inc., (2) | 49,034 | ||||
1,483 | Computer Programs & Systems Inc. | 45,068 | ||||
420 | CorVel Corp, (2) | 30,156 | ||||
8,929 | Cymabay Therapeutics Inc., (2) | 114,380 | ||||
9,406 | Denali Therapeutics Inc., (2) | 230,165 | ||||
6,744 | Dicerna Pharmaceuticals Inc., (2) | 87,402 | ||||
1,953 | Dova Pharmaceuticals Inc., (2) | 17,968 | ||||
1,919 | Eagle Pharmaceuticals Inc/DE, (2) | 98,656 | ||||
1,236 | Encompass Health Corp | 79,660 | ||||
5,082 | Epizyme Inc., (2) | 63,068 | ||||
3,605 | Esperion Therapeutics Inc., (2) | 155,376 | ||||
2,447 | FibroGen Inc., (2) | 114,348 | ||||
5,609 | Five Prime Therapeutics Inc., (2) | 62,148 | ||||
4,266 | Flexion Therapeutics Inc., (2) | 45,220 | ||||
3,893 | G1 Therapeutics Inc., (2) | 83,310 | ||||
3,140 | Glaukos Corp, (2) | 226,488 | ||||
5,325 | Global Blood Therapeutics Inc., (2) | 295,005 | ||||
3,643 | Globus Medical Inc., (2) | 164,263 | ||||
3,614 | Haemonetics Corp, (2) | 315,430 | ||||
1,826 | Halozyme Therapeutics Inc., (2) | 29,453 | ||||
534 | Heska Corp, (2) | 41,470 | ||||
4,489 | HMS Holdings Corp, (2) | 136,600 | ||||
10,649 | Immunomedics Inc., (2) | 170,597 | ||||
7,792 | Insmed Inc., (2) | 237,188 | ||||
1,732 | Intellia Therapeutics Inc., (2) | 26,638 | ||||
714 | Intercept Pharmaceuticals Inc., (2) | 61,533 | ||||
4,367 | Intersect ENT Inc., (2) | 141,884 | ||||
897 | Intra-Cellular Therapies Inc., (2) | 11,813 | ||||
1,363 | iRhythm Technologies Inc., (2) | 104,011 | ||||
7,497 | Karyopharm Therapeutics Inc., (2) | 35,011 | ||||
2,774 | Ligand Pharmaceuticals Inc., (2) | 349,108 | ||||
1,896 | Magellan Health Inc., (2) | 132,720 | ||||
3,880 | Medicines Co/The, (2) | 123,966 | ||||
6,475 | Medidata Solutions Inc., (2) | 584,951 | ||||
6,128 | MEDNAX Inc., (2) | 171,400 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
2,679 | Merit Medical Systems Inc., (2) | $150,506 | ||||
5,378 | Minerva Neurosciences Inc., (2) | 39,636 | ||||
2,210 | Mirati Therapeutics Inc., (2) | 131,473 | ||||
3,622 | MyoKardia Inc., (2) | 173,784 | ||||
1,802 | National Research Corp | 71,323 | ||||
14,507 | NeoGenomics Inc., (2) | 302,181 | ||||
5,355 | NextGen Healthcare Inc., (2) | 100,620 | ||||
54,806 | OPKO Health Inc., (2) | 130,986 | ||||
2,038 | Optinose Inc., (2) | 20,298 | ||||
6,338 | OraSure Technologies Inc., (2) | 59,957 | ||||
7,490 | Owens & Minor Inc. | 25,541 | ||||
4,189 | Paratek Pharmaceuticals Inc., (2) | 23,081 | ||||
1,885 | Patterson Cos Inc. | 41,168 | ||||
761 | Penumbra Inc., (2) | 102,355 | ||||
3,137 | PerkinElmer Inc. | 300,650 | ||||
2,101 | Phibro Animal Health Corp | 72,926 | ||||
454 | Premier Inc., (2) | 15,086 | ||||
12,270 | Progenics Pharmaceuticals Inc. | 63,068 | ||||
6,218 | Prothena Corp PLC, (2) | 64,667 | ||||
3,130 | Quidel Corp, (2) | 200,132 | ||||
14,273 | R1 RCM Inc., (2) | 149,438 | ||||
1,600 | RadNet Inc., (2) | 19,376 | ||||
1,553 | Reata Pharmaceuticals Inc., (2) | 121,848 | ||||
4,214 | Repligen Corp, (2) | 283,939 | ||||
975 | Revance Therapeutics Inc., (2) | 12,909 | ||||
2,784 | Sage Therapeutics Inc., (2) | 468,352 | ||||
3,823 | Sientra Inc., (2) | 32,190 | ||||
4,426 | Spark Therapeutics Inc., (2) | 472,210 | ||||
4,900 | STAAR Surgical Co, (2) | 159,152 | ||||
4,338 | STERIS PLC | 568,191 | ||||
686 | Supernus Pharmaceuticals Inc., (2) | 25,197 | ||||
423 | Surmodics Inc., (2) | 18,375 | ||||
998 | Tactile Systems Technology Inc., (2) | 49,660 | ||||
1,635 | Tandem Diabetes Care Inc., (2) | 100,405 | ||||
3,787 | Teladoc Health Inc., (2) | 215,405 | ||||
7,344 | TG Therapeutics Inc., (2) | 58,385 | ||||
11,266 | TherapeuticsMD Inc., (2) | 48,444 | ||||
2,177 | Tivity Health Inc., (2) | 47,067 | ||||
16,926 | TransEnterix Inc., (2) | 33,852 | ||||
675 | Tricida Inc., (2) | 23,126 | ||||
2,440 | Triple-S Management Corp, (2) | 55,437 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
3,300 | Ultragenyx Pharmaceutical Inc., (2) | $217,800 | ||||
2,747 | uniQure NV, (2) | 154,354 | ||||
240 | US Physical Therapy Inc. | 27,958 | ||||
6,168 | Varex Imaging Corp, (2) | 202,557 | ||||
1,712 | Vocera Communications Inc., (2) | 54,527 | ||||
4,125 | West Pharmaceutical Services Inc. | 510,634 | ||||
19,556 | ZIOPHARM Oncology Inc., (2) | 86,438 | ||||
1,766 | Zogenix Inc., (2) | 68,856 | ||||
Total Health Care | 15,094,927 | |||||
Industrials – 14.6% | ||||||
1,018 | AAON Inc. | 51,114 | ||||
7,134 | ABM Industries Inc. | 270,878 | ||||
15,631 | ACCO Brands Corp | 142,867 | ||||
5,680 | Actuant Corp | 145,294 | ||||
2,242 | Aegion Corp, (2) | 44,638 | ||||
767 | AGCO Corp | 54,288 | ||||
902 | Alamo Group Inc. | 93,483 | ||||
3,417 | Arcosa Inc. | 106,371 | ||||
2,145 | Argan Inc. | 102,574 | ||||
1,896 | Armstrong World Industries Inc. | 164,326 | ||||
2,119 | ASGN Inc., (2) | 133,582 | ||||
3,485 | Astronics Corp, (2) | 116,190 | ||||
7,015 | Atkore International Group Inc., (2) | 173,691 | ||||
5,080 | Avis Budget Group Inc., (2) | 180,594 | ||||
7,045 | Axon Enterprise Inc., (2) | 447,358 | ||||
11,225 | Beacon Roofing Supply Inc., (2) | 422,734 | ||||
5,547 | Brady Corp | 270,638 | ||||
966 | Briggs & Stratton Corp | 11,785 | ||||
6,750 | Builders FirstSource Inc., (2) | 93,015 | ||||
4,627 | Carlisle Cos Inc. | 654,350 | ||||
4,293 | Chart Industries Inc., (2) | 378,943 | ||||
3,782 | Cimpress NV, (2) | 341,893 | ||||
21,238 | Civeo Corp, (2) | 42,688 | ||||
1,917 | Comfort Systems USA Inc. | 103,710 | ||||
3,312 | Cubic Corp | 188,055 | ||||
207 | Curtiss-Wright Corp | 23,586 | ||||
3,721 | Donaldson Co Inc. | 199,222 | ||||
2,079 | Douglas Dynamics Inc. | 78,503 | ||||
3,505 | EMCOR Group Inc. | 294,911 | ||||
2,570 | EnerSys | 177,818 | ||||
4,240 | ESCO Technologies Inc. | 318,000 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
12,190 | Evoqua Water Technologies Corp, (2) | $166,028 | ||||
3,071 | Foundation Building Materials Inc., (2) | 41,735 | ||||
5,589 | Franklin Electric Co Inc. | 273,079 | ||||
1,417 | FTI Consulting Inc., (2) | 120,417 | ||||
8,890 | Gates Industrial Corp PLC, (2) | 142,951 | ||||
5,158 | GATX Corp | 397,837 | ||||
979 | Genesee & Wyoming Inc., (2) | 86,788 | ||||
1,714 | Granite Construction Inc. | 76,942 | ||||
2,154 | Healthcare Services Group Inc. | 72,913 | ||||
2,394 | Herman Miller Inc. | 92,935 | ||||
5,828 | Hexcel Corp | 412,098 | ||||
285 | HNI Corp | 10,462 | ||||
406 | Hub Group Inc., (2) | 16,877 | ||||
2,674 | Hubbell Inc. | 341,202 | ||||
1,318 | Hyster-Yale Materials Handling Inc. | 87,805 | ||||
5,473 | InnerWorkings Inc., (2) | 18,499 | ||||
5,507 | Insperity Inc. | 658,417 | ||||
1,032 | Interface Inc. | 16,553 | ||||
10,542 | KAR Auction Services Inc. | 595,412 | ||||
4,770 | KeyW Holding Corp/The, (2) | 54,092 | ||||
305 | Kforce Inc. | 10,986 | ||||
542 | Knoll Inc. | 11,837 | ||||
2,428 | Korn Ferry | 114,165 | ||||
2,758 | Lydall Inc., (2) | 67,874 | ||||
13,282 | Macquarie Infrastructure Corp | 538,054 | ||||
3,872 | Matthews International Corp | 155,112 | ||||
479 | McGrath RentCorp | 29,698 | ||||
5,008 | Mercury Systems Inc., (2) | 365,684 | ||||
4,056 | Meritor Inc., (2) | 98,399 | ||||
5,123 | Mobile Mini Inc. | 184,531 | ||||
232 | MSA Safety Inc. | 25,499 | ||||
618 | MYR Group Inc., (2) | 22,341 | ||||
2,058 | Navigant Consulting Inc. | 46,984 | ||||
7,197 | Navistar International Corp, (2) | 245,706 | ||||
10,692 | NCI Building Systems Inc., (2) | 61,158 | ||||
18,623 | Pitney Bowes Inc. | 132,410 | ||||
6,190 | Quanta Services Inc. | 251,314 | ||||
5,299 | Raven Industries Inc. | 206,184 | ||||
1,153 | Regal Beloit Corp | 98,097 | ||||
8,617 | Resideo Technologies Inc., (2) | 195,606 | ||||
860 | Resources Connection Inc. | 13,812 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
2,561 | RR Donnelley & Sons Co | $11,832 | ||||
4,483 | Ryder System Inc. | 282,429 | ||||
6,333 | SiteOne Landscape Supply Inc., (2) | 426,211 | ||||
3,784 | Steelcase Inc. | 65,425 | ||||
4,642 | Team Inc., (2) | 78,450 | ||||
285 | Teledyne Technologies Inc., (2) | 70,825 | ||||
715 | Tetra Tech Inc. | 46,275 | ||||
809 | Titan Machinery Inc., (2) | 13,915 | ||||
9,363 | Toro Co/The | 684,903 | ||||
7,432 | TriMas Corp, (2) | 229,872 | ||||
1,914 | TriNet Group Inc., (2) | 119,319 | ||||
8,521 | Triton International Ltd/Bermuda | 280,767 | ||||
639 | TrueBlue Inc., (2) | 15,438 | ||||
3,605 | Valmont Industries Inc. | 486,098 | ||||
1,969 | Veritiv Corp, (2) | 54,915 | ||||
9,096 | Wabash National Corp | 137,168 | ||||
4,020 | Watts Water Technologies Inc. | 344,072 | ||||
21,777 | Welbilt Inc., (2) | 366,507 | ||||
4,648 | Wesco Aircraft Holdings Inc., (2) | 39,229 | ||||
2,266 | WESCO International Inc., (2) | 129,706 | ||||
5,709 | WillScot Corp, (2) | 76,900 | ||||
8,487 | Woodward Inc. | 924,234 | ||||
Total Industrials | 17,270,082 | |||||
Information Technology – 18.0% | ||||||
2,190 | ACI Worldwide Inc., (2) | 77,789 | ||||
5,223 | Anixter International Inc., (2) | 328,370 | ||||
11,289 | Arlo Technologies Inc., (2) | 44,817 | ||||
14,863 | Avaya Holdings Corporation, (2) | 283,586 | ||||
4,734 | Badger Meter Inc. | 262,642 | ||||
3,883 | Belden Inc. | 215,701 | ||||
2,426 | Benefitfocus Inc., (2) | 98,811 | ||||
13,530 | Black Knight Inc., (2) | 763,363 | ||||
2,080 | Blackbaud Inc. | 164,923 | ||||
20,622 | Booz Allen Hamilton Holding Corp | 1,222,678 | ||||
4,725 | Cabot Microelectronics Corp | 596,531 | ||||
5,710 | CalAmp Corp, (2) | 83,423 | ||||
1,473 | Cass Information Systems Inc. | 72,663 | ||||
973 | Ceridian HCM Holding Inc., (2) | 51,715 | ||||
3,724 | ChannelAdvisor Corp, (2) | 43,757 | ||||
3,528 | Cirrus Logic Inc., (2) | 167,862 | ||||
29,375 | Conduent Inc., (2) | 376,881 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
1,161 | Control4 Corp, (2) | $20,213 | ||||
5,354 | Coupa Software Inc., (2) | 553,229 | ||||
3,483 | Cray Inc., (2) | 91,464 | ||||
7,990 | Cree Inc., (2) | 528,059 | ||||
5,060 | CTS Corp | 151,547 | ||||
4,961 | Daktronics Inc. | 37,604 | ||||
10,497 | Diebold Nixdorf Inc. | 105,915 | ||||
1,683 | Dolby Laboratories Inc. | 108,873 | ||||
19,420 | Entegris Inc. | 793,501 | ||||
7,313 | Envestnet Inc., (2) | 519,150 | ||||
238 | ePlus Inc., (2) | 22,441 | ||||
7,256 | Exela Technologies Inc., (2) | 23,872 | ||||
5,574 | ExlService Holdings Inc., (2) | 331,096 | ||||
1,616 | Fair Isaac Corp | 452,076 | ||||
1,928 | Finisar Corp, (2) | 46,484 | ||||
10,251 | First Solar Inc., (2) | 630,744 | ||||
6,889 | Five9 Inc., (2) | 365,599 | ||||
10,877 | Infinera Corp, (2) | 47,206 | ||||
5,480 | Insight Enterprises Inc., (2) | 310,058 | ||||
4,035 | InterDigital Inc. | 263,849 | ||||
3,384 | Itron Inc., (2) | 181,586 | ||||
10,993 | Kulicke & Soffa Industries Inc. | 255,807 | ||||
13,372 | Limelight Networks Inc., (2) | 39,715 | ||||
90 | Littelfuse Inc. | 18,095 | ||||
9,155 | LivePerson Inc., (2) | 268,516 | ||||
8,410 | LogMeIn Inc. | 692,984 | ||||
4,547 | Lumentum Holdings Inc., (2) | 281,778 | ||||
6,681 | Manhattan Associates Inc., (2) | 450,634 | ||||
6,762 | Mellanox Technologies Ltd, (2) | 813,469 | ||||
5,981 | Methode Electronics Inc. | 176,499 | ||||
3,739 | Mimecast Ltd, (2) | 192,596 | ||||
4,888 | MoneyGram International Inc., (2) | 16,179 | ||||
543 | MTS Systems Corp | 29,854 | ||||
3,736 | Nanometrics Inc., (2) | 111,295 | ||||
3,286 | National Instruments Corp | 154,771 | ||||
8,916 | NCR Corp, (2) | 258,118 | ||||
2,708 | NetScout Systems Inc., (2) | 79,615 | ||||
4,427 | New Relic Inc., (2) | 465,898 | ||||
446 | Novanta Inc., (2) | 38,811 | ||||
8,849 | Nutanix Inc., (2) | 382,188 | ||||
260 | OSI Systems Inc., (2) | 23,434 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
1,156 | Paycom Software Inc., (2) | $234,125 | ||||
5,467 | Plantronics Inc. | 281,441 | ||||
342 | Plexus Corp, (2) | 20,582 | ||||
658 | Power Integrations Inc. | 51,995 | ||||
4,757 | Progress Software Corp | 216,967 | ||||
4,614 | Ribbon Communications Inc., (2) | 24,731 | ||||
2,074 | RingCentral Inc., (2) | 241,351 | ||||
308 | Rogers Corp, (2) | 51,596 | ||||
7,020 | Science Applications International Corp | 526,149 | ||||
2,952 | Silicon Laboratories Inc., (2) | 317,812 | ||||
2,869 | SPS Commerce Inc., (2) | 297,630 | ||||
6,621 | Sykes Enterprises Inc., (2) | 183,733 | ||||
1,293 | SYNNEX Corp | 139,489 | ||||
956 | Tech Data Corp, (2) | 101,919 | ||||
6,768 | Teradata Corp, (2) | 307,741 | ||||
20,125 | TiVo Corp | 188,571 | ||||
20,650 | Travelport Worldwide Ltd | 323,792 | ||||
2,670 | TTEC Holdings Inc. | 97,348 | ||||
2,525 | Twilio Inc., (2) | 346,279 | ||||
1,080 | Virtusa Corp, (2) | 59,994 | ||||
5,709 | WEX Inc., (2) | 1,200,603 | ||||
3,803 | Zebra Technologies Corp, (2) | 802,965 | ||||
Total Information Technology | 21,207,147 | |||||
Materials – 5.3% | ||||||
6,480 | AptarGroup Inc. | 720,835 | ||||
1,465 | Bemis Co Inc. | 84,120 | ||||
7,156 | Berry Global Group Inc., (2) | 420,773 | ||||
4,490 | Boise Cascade Co | 124,328 | ||||
5,576 | Compass Minerals International Inc. | 320,007 | ||||
2,281 | Graphic Packaging Holding Co | 31,660 | ||||
320 | Greif Inc. | 15,568 | ||||
308 | HB Fuller Co | 15,083 | ||||
4,012 | Innospec Inc. | 340,298 | ||||
3,313 | Koppers Holdings Inc. | 88,590 | ||||
5,245 | Kraton Corp, (2) | 172,141 | ||||
14,678 | Louisiana-Pacific Corp | 367,684 | ||||
3,319 | Materion Corp | 192,602 | ||||
5,672 | Minerals Technologies Inc. | 356,031 | ||||
856 | Myers Industries Inc. | 15,314 | ||||
9,547 | Reliance Steel & Aluminum Co | 877,942 | ||||
1,956 | Ryerson Holding Corp, (2) | 16,919 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
1,888 | Schnitzer Steel Industries Inc. | $44,783 | ||||
6,902 | Sensient Technologies Corp | 483,968 | ||||
5,229 | Sonoco Products Co | 329,741 | ||||
3,333 | Stepan Co | 308,436 | ||||
6,924 | Trinseo SA | 311,234 | ||||
30,799 | Valvoline Inc. | 569,782 | ||||
1,634 | Worthington Industries Inc. | 65,572 | ||||
Total Materials | 6,273,411 | |||||
Real Estate – 11.3% | ||||||
529 | Altisource Portfolio Solutions SA, (2) | 12,521 | ||||
453 | American Campus Communities Inc. | 21,382 | ||||
12,658 | Americold Realty Trust | 405,183 | ||||
11,115 | Brixmor Property Group Inc. | 198,736 | ||||
7,949 | CatchMark Timber Trust Inc. | 79,490 | ||||
28,023 | CBL & Associates Properties Inc. | 28,303 | ||||
4,081 | Chatham Lodging Trust | 80,355 | ||||
8,067 | Chesapeake Lodging Trust | 229,909 | ||||
6,852 | CorePoint Lodging Inc. | 85,650 | ||||
4,534 | CoreSite Realty Corp | 496,065 | ||||
8,448 | Corporate Office Properties Trust | 235,530 | ||||
33,045 | Cousins Properties Inc. | 316,241 | ||||
12,054 | CyrusOne Inc. | 671,287 | ||||
33,255 | DiamondRock Hospitality Co | 361,149 | ||||
7,997 | Douglas Emmett Inc. | 329,396 | ||||
9,687 | Easterly Government Properties Inc. | 174,366 | ||||
1,471 | Empire State Realty Trust Inc. | 22,742 | ||||
9,750 | Equity Commonwealth | 310,050 | ||||
2,902 | Four Corners Property Trust Inc. | 82,533 | ||||
8,831 | Hannon Armstrong Sustainable Infrastructure Capital Inc. | 234,816 | ||||
9,574 | Hospitality Properties Trust | 248,924 | ||||
6,688 | Howard Hughes Corp/The, (2) | 742,368 | ||||
7,108 | Hudson Pacific Properties Inc. | 247,785 | ||||
4,789 | InfraREIT Inc. | 100,808 | ||||
10,834 | iStar Inc. | 93,931 | ||||
13,004 | Kennedy-Wilson Holdings Inc. | 280,106 | ||||
4,644 | Kilroy Realty Corp | 357,170 | ||||
11,052 | MGM Growth Properties LLC | 356,538 | ||||
7,210 | NorthStar Realty Europe Corp | 128,554 | ||||
5,188 | Office Properties Income Trust | 140,802 | ||||
21,060 | Outfront Media Inc. | 501,860 | ||||
17,273 | Paramount Group Inc. | 250,286 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
22,811 | Park Hotels & Resorts Inc. | $731,777 | ||||
10,509 | PotlatchDeltic Corp | 406,278 | ||||
7,950 | QTS Realty Trust Inc. | 360,532 | ||||
21,154 | Rayonier Inc. | 672,486 | ||||
16,922 | Realogy Holdings Corp | 220,324 | ||||
8,107 | Redfin Corp, (2) | 167,653 | ||||
7,319 | Rexford Industrial Realty Inc. | 277,317 | ||||
27,397 | RLJ Lodging Trust | 504,379 | ||||
868 | RMR Group Inc/The | 50,205 | ||||
23,446 | Sabra Health Care REIT Inc. | 458,604 | ||||
6,025 | St Joe Co/The, (2) | 102,666 | ||||
36,412 | Sunstone Hotel Investors Inc. | 524,333 | ||||
3,527 | Tier REIT Inc. | 99,955 | ||||
17,396 | Uniti Group Inc. | 191,182 | ||||
25,999 | VICI Properties Inc. | 592,777 | ||||
26,219 | Washington Prime Group Inc. | 116,675 | ||||
1,824 | Washington Real Estate Investment Trust | 51,510 | ||||
Total Real Estate | 13,353,489 | |||||
Utilities – 2.7% | ||||||
14,420 | New Jersey Resources Corp | 722,154 | ||||
9,037 | NextEra Energy Partners LP | 415,973 | ||||
5,682 | ONE Gas Inc. | 502,971 | ||||
6,239 | Ormat Technologies Inc. | 364,108 | ||||
13,577 | Pattern Energy Group Inc. | 313,900 | ||||
8,075 | Southwest Gas Holdings Inc. | 671,759 | ||||
10,444 | TerraForm Power Inc., (2) | 141,621 | ||||
Total Utilities | 3,132,486 | |||||
Total Common Stocks (cost $111,138,343) | 117,694,145 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
1,243 | NewStar Financial Inc., (3) | $323 | ||||
Total Common Stock Rights (cost $-) | 323 | |||||
Total Long-Term Investments (cost $111,138,343) | 117,694,468 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$210 | Federal Home Loan Banks, Discount Notes | 0.000% | 5/01/19 | N/R | $210,000 | |
Total Short-Term Investments (cost $210,000) | 210,000 | |||||
Total Investments (cost $111,348,343) – 100.0% | 117,904,468 | |||||
Other Assets Less Liabilities – 0.0% | 35,528 | |||||
Net Assets – 100% | $117,939,996 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(4) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
REIT | Real Estate Investment Trust |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Assets | |||||||
Long-term investments, at value (cost $54,181,726, $52,706,443, $53,643,148, $57,934,690, $45,561,777, $53,888,624 and $111,138,343, respectively) | $55,480,884 | $52,468,872 | $60,432,635 | $59,939,183 | $51,931,643 | $56,553,753 | $117,694,468 |
Short-term investments, at value (cost approximates value) | 130,000 | 100,000 | — | — | — | — | 210,000 |
Cash | 27 | 7,639 | 75,116 | 89,284 | 63,938 | 80,097 | 3,593 |
Cash denominated in foreign currencies (cost $10,580, $22,766, $—, $—, $—, $—and $—, respectively) | 10,566 | 22,856 | — | — | — | — | — |
Receivable for: | |||||||
Dividends | 26,667 | 257,539 | 27,790 | 125,589 | 8,153 | 73,136 | 24,671 |
Investments sold | — | — | 9,195,537 | 8,942,306 | 9,714,479 | — | 44,982 |
Reclaims | 194 | 63,420 | 2,421 | 31 | 11 | — | 20 |
Total assets | 55,648,338 | 52,920,326 | 69,733,499 | 69,096,393 | 61,718,224 | 56,706,986 | 117,977,734 |
Liabilities | |||||||
Payable for: | |||||||
Capital gains tax | 7,680 | — | — | — | — | — | — |
Investments purchased | 758 | 32,775 | — | — | — | — | — |
Shares redeemed | — | — | 9,200,700 | 8,966,100 | 9,721,650 | — | — |
Accrued expenses: | |||||||
Management fees | 19,698 | 17,176 | 19,738 | 19,405 | 20,045 | 17,601 | 36,550 |
Professional fees | 175 | 217 | 247 | 225 | 213 | 190 | 368 |
Trustees Fees | 344 | 401 | 547 | 540 | 475 | 398 | 820 |
Total liabilities | 28,655 | 50,569 | 9,221,232 | 8,986,270 | 9,742,383 | 18,189 | 37,738 |
Net assets | $55,619,683 | $52,869,757 | $60,512,267 | $60,110,123 | $51,975,841 | $56,688,797 | $117,939,996 |
Shares outstanding | 2,100,000 | 2,100,000 | 1,650,000 | 2,000,000 | 1,600,000 | 2,000,000 | 3,950,000 |
Net asset value ("NAV") per share | $26.49 | $25.18 | $36.67 | $30.06 | $32.48 | $28.34 | $29.86 |
Net assets consist of: | |||||||
Capital paid-in | $56,094,441 | $53,939,278 | $50,740,781 | $55,941,774 | $44,675,470 | $54,135,214 | $111,809,729 |
Total distributable earnings | (474,758) | (1,069,521) | 9,771,486 | 4,168,349 | 7,300,371 | 2,553,583 | 6,130,267 |
Net assets | $55,619,683 | $52,869,757 | $60,512,267 | $60,110,123 | $51,975,841 | $56,688,797 | $117,939,996 |
Authorized shares | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Par value per share | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Investment Income | $416,592 | $873,326 | $407,238 | $836,431 | $147,965 | $660,752 | $651,151 |
Foreign tax withheld on dividend income | (49,349) | (74,079) | — | — | — | — | (1,024) |
Total investment income | 367,243 | 799,247 | 407,238 | 836,431 | 147,965 | 660,752 | 650,127 |
Expenses | |||||||
Management fees | 95,999 | 98,731 | 109,826 | 100,987 | 106,543 | 96,292 | 185,730 |
Professional fees | 357 | 449 | 573 | 493 | 475 | 406 | 841 |
Trustees fees | 609 | 750 | 1,046 | 957 | 860 | 752 | 1,539 |
Total expenses | 96,965 | 99,930 | 111,445 | 102,437 | 107,878 | 97,450 | 188,110 |
Net investment income (loss) | 270,278 | 699,317 | 295,793 | 733,994 | 40,087 | 563,302 | 462,017 |
Realized and Unrealized Gain (Loss) | |||||||
Net realized gain (loss) from: | |||||||
Investments and foreign currency | (1,244,467) | (1,567,717) | (120,230) | 28,390 | (1,913,620) | (596,906) | (1,917,798) |
In-kind redemptions | — | 453,307 | 2,965,651 | 1,737,635 | 2,846,431 | 193,043 | 1,382,895 |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 6,199,175 | 4,045,354 | 4,538,991 | 2,193,313 | 6,564,172 | 4,017,248 | 9,823,626 |
Net realized and unrealized gain (loss) | 4,954,708 | 2,930,944 | 7,384,412 | 3,959,338 | 7,496,983 | 3,613,385 | 9,288,723 |
Net increase (decrease) in net assets from operations | $5,224,986 | $3,630,261 | $7,680,205 | $4,693,332 | $7,537,070 | $4,176,687 | $9,750,740 |
NUEM | NUDM | ||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||
Operations | |||||
Net investment income (loss) | $270,278 | $794,424 | $699,317 | $1,162,797 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (1,244,467) | (669,421) | (1,567,717) | (271,500) | |
In-kind redemptions | — | — | 453,307 | — | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 6,199,175 | (6,055,818) | 4,045,354 | (4,874,240) | |
Net increase (decrease) in net assets from operations | 5,224,986 | (5,930,815) | 3,630,261 | (3,982,943) | |
Distributions to Shareholders | |||||
Dividends | (781,600) | (237,640) | (1,207,140) | (189,750) | |
Decrease in net assets from distributions to shareholders | (781,600) | (237,640) | (1,207,140) | (189,750) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 15,499,304 | 16,928,471 | 11,823,219 | 23,801,244 | |
Cost of shares redeemed | — | — | (4,760,320) | — | |
Net increase (decrease) in net assets from Fund share transactions | 15,499,304 | 16,928,471 | 7,062,899 | 23,801,244 | |
Net increase (decrease) in net assets | 19,942,690 | 10,760,016 | 9,486,020 | 19,628,551 | |
Net assets at the beginning of period | 35,676,993 | 24,916,977 | 43,383,737 | 23,755,186 | |
Net assets at the end of period | $55,619,683 | $35,676,993 | $52,869,757 | $43,383,737 |
NULG | NULV | ||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||
Operations | |||||
Net investment income (loss) | $295,793 | $342,761 | $733,994 | $963,714 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (120,230) | 1,630,906 | 28,390 | 732,401 | |
In-kind redemptions | 2,965,651 | 735,242 | 1,737,635 | 1,136,754 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 4,538,991 | 1,080,686 | 2,193,313 | (1,037,741) | |
Net increase (decrease) in net assets from operations | 7,680,205 | 3,789,595 | 4,693,332 | 1,795,128 | |
Distributions to Shareholders | |||||
Dividends | (2,078,290) | (246,220) | (1,852,310) | (489,300) | |
Decrease in net assets from distributions to shareholders | (2,078,290) | (246,220) | (1,852,310) | (489,300) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 10,133,730 | 34,579,855 | 26,072,360 | 24,269,935 | |
Cost of shares redeemed | (14,434,980) | (3,291,410) | (14,798,080) | (7,408,650) | |
Net increase (decrease) in net assets from Fund share transactions | (4,301,250) | 31,288,445 | 11,274,280 | 16,861,285 | |
Net increase (decrease) in net assets | 1,300,665 | 34,831,820 | 14,115,302 | 18,167,113 | |
Net assets at the beginning of period | 59,211,602 | 24,379,782 | 45,994,821 | 27,827,708 | |
Net assets at the end of period | $60,512,267 | $59,211,602 | $60,110,123 | $45,994,821 |
NUMG | NUMV | NUSC | ||||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | |||
Operations | ||||||||
Net investment income (loss) | $40,087 | $101,086 | $563,302 | $948,596 | $462,017 | $632,874 | ||
Net realized gain (loss) from: | ||||||||
Investments and foreign currency | (1,913,620) | 2,109,805 | (596,906) | 588,130 | (1,917,798) | 2,114,159 | ||
In-kind redemptions | 2,846,431 | 221,974 | 193,043 | — | 1,382,895 | 384,322 | ||
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 6,564,172 | (969,329) | 4,017,248 | (1,712,176) | 9,823,626 | (4,861,143) | ||
Net increase (decrease) in net assets from operations | 7,537,070 | 1,463,536 | 4,176,687 | (175,450) | 9,750,740 | (1,729,788) | ||
Distributions to Shareholders | ||||||||
Dividends | (2,222,550) | (221,130) | (1,671,950) | (315,225) | (2,978,020) | (387,730) | ||
Decrease in net assets from distributions to shareholders | (2,222,550) | (221,130) | (1,671,950) | (315,225) | (2,978,020) | (387,730) | ||
Fund Share Transactions | ||||||||
Proceeds from shares sold | 10,063,325 | 28,270,865 | 8,230,315 | 24,857,815 | 36,463,035 | 53,444,235 | ||
Cost of shares redeemed | (12,790,400) | (1,454,885) | (1,364,735) | — | (5,742,480) | (1,508,955) | ||
Net increase (decrease) in net assets from Fund share transactions | (2,727,075) | 26,815,980 | 6,865,580 | 24,857,815 | 30,720,555 | 51,935,280 | ||
Net increase (decrease) in net assets | 2,587,445 | 28,058,386 | 9,370,317 | 24,367,140 | 37,493,275 | 49,817,762 | ||
Net assets at the beginning of period | 49,388,396 | 21,330,010 | 47,318,480 | 22,951,340 | 80,446,721 | 30,628,959 | ||
Net assets at the end of period | $51,975,841 | $49,388,396 | $56,688,797 | $47,318,480 | $117,939,996 | $80,446,721 |
Investment Operations | Less Distributions | |||||||||
Year Ended October 31, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | Ending Market Price | |
NUEM | ||||||||||
2019(d) | $23.78 | $0.16 | $3.04 | $3.20 | $(0.49) | $ — | $(0.49) | $26.49 | $26.71 | |
2018 | 27.69 | 0.59 | (4.31) | 3.72 | (0.18) | (0.01) | (0.19) | 23.78 | 23.92 | |
2017(e) | 24.95 | 0.20 | 2.54 | 2.74 | — | — | — | 27.69 | 28.05 | |
NUDM | ||||||||||
2019(d) | 24.10 | 0.34 | 1.29 | 1.63 | (0.55) | — | (0.55) | 25.18 | 25.45 | |
2018 | 26.39 | 0.71 | (2.87) | (2.16) | (0.12) | (0.01) | (0.13) | 24.10 | 24.12 | |
2017(e) | 24.88 | 0.17 | 1.34 | 1.51 | — | — | — | 26.39 | 26.57 | |
NULG | ||||||||||
2019(d) | 33.84 | 0.16 | 3.79 | 3.95 | (0.24) | (0.88) | (1.12) | 36.67 | 36.69 | |
2018 | 30.47 | 0.25 | 3.31 | 3.56 | (0.09) | (0.10) | (0.19) | 33.84 | 33.87 | |
2017(f) | 25.21 | 0.24 | 5.02 | 5.26 | — | — | — | 30.47 | 30.53 | |
NULV | ||||||||||
2019(d) | 28.75 | 0.36 | 1.92 | 2.28 | (0.57) | (0.40) | (0.97) | 30.06 | 30.07 | |
2018 | 27.83 | 0.71 | 0.56 | 1.27 | (0.27) | (0.08) | (0.35) | 28.75 | 28.80 | |
2017(f) | 25.09 | 0.53 | 2.21 | 2.74 | — | — | — | 27.83 | 27.88 | |
NUMG | ||||||||||
2019(d) | 29.93 | 0.02 | 3.88 | 3.90 | (0.06) | (1.29) | (1.35) | 32.48 | 32.51 | |
2018 | 28.44 | 0.07 | 1.58 | 1.65 | (0.04) | (0.12) | (0.16) | 29.93 | 30.12 | |
2017(f) | 25.10 | 0.09 | 3.25 | 3.34 | — | — | — | 28.44 | 28.46 | |
NUMV | ||||||||||
2019(d) | 27.04 | 0.31 | 1.95 | 2.26 | (0.62) | (0.34) | (0.96) | 28.34 | 28.34 | |
2018 | 27.00 | 0.65 | (0.38) | 0.27 | (0.19) | (0.04) | (0.23) | 27.04 | 27.09 | |
2017(f) | 25.04 | 0.48 | 1.48 | 1.96 | — | — | — | 27.00 | 27.01 | |
NUSC | ||||||||||
2019(d) | 28.23 | 0.14 | 2.47 | 2.61 | (0.27) | (0.71) | (0.98) | 29.86 | 29.88 | |
2018 | 27.84 | 0.35 | 0.30 | 0.65 | (0.18) | (0.08) | (0.26) | 28.23 | 28.27 | |
2017(f) | 25.01 | 0.27 | 2.56 | 2.83 | — | — | — | 27.84 | 27.89 |
Ratios/Supplemental Data | |||||
Total Return | Ratios to Average Net Assets | ||||
Based on NAV(b) | Based on Market Price(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(c) |
13.60% | 13.96% | $55,620 | 0.45%* | 1.27%* | 23% |
(13.55) | (14.18) | 35,676 | 0.45 | 2.12 | 65 |
11.03 | 12.42 | 24,917 | 0.45* | 1.86* | 13 |
7.06 | 8.12 | 52,870 | 0.40* | 2.83* | 27 |
(8.25) | (8.79) | 43,384 | 0.40 | 2.71 | 56 |
6.07 | 6.78 | 23,755 | 0.40* | 1.65* | 9 |
12.52 | 12.45 | 60,512 | 0.35* | 0.94* | 38 |
11.70 | 11.61 | 59,212 | 0.35 | 0.73 | 65 |
20.88 | 21.10 | 24,380 | 0.35* | 0.98* | 30 |
8.50 | 8.35 | 60,110 | 0.35* | 2.54* | 38 |
4.57 | 4.56 | 45,995 | 0.35 | 2.46 | 59 |
10.90 | 11.11 | 27,828 | 0.35* | 2.30* | 33 |
14.19 | 13.58 | 51,976 | 0.40* | 0.15* | 26 |
5.84 | 6.41 | 49,388 | 0.40 | 0.23 | 60 |
13.30 | 13.38 | 21,330 | 0.40* | 0.38* | 53 |
9.06 | 8.85 | 56,689 | 0.40* | 2.34* | 27 |
0.97 | 1.13 | 47,318 | 0.40 | 2.30 | 69 |
7.82 | 7.86 | 22,951 | 0.40* | 2.12* | 46 |
10.02 | 9.92 | 117,940 | 0.40* | 0.99* | 31 |
2.32 | 2.30 | 80,447 | 0.40 | 1.17 | 54 |
11.34 | 11.54 | 30,629 | 0.40* | 1.17* | 36 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total Return Based on NAV reflects the change in NAV over the period, including the assumed reinvestment of distributions, if any, at NAV on each ex-dividend payment date during the period. Total Return Based on Market Price reflects the change in the market price per share over the period, including the assumed reinvestment of distributions, if any, at the ending market price per share on each ex-dividend payment date during the period. Total returns are not annualized. |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 - Investment Transactions) divided by the average long-term market value during the period. Portfolio Turnover Rate excludes securities received or delivered as a result of processing in-kind creations or redemptions of Fund shares (as disclosed in Note 4 - Fund Shares). |
(d) | For the six months ended April 30, 2019. |
(e) | For the period June 6, 2017 (commencement of operations) through October 31, 2017. |
(f) | For the period December 13, 2016 (commencement of operations) through October 31, 2017. |
* | Annualized. |
NUEM | NUDM | |
Outstanding when-issued/delayed delivery purchase commitments | $754 | $32,617 |
NUEM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $54,317,622 | $1,113,467** | $619*** | $55,431,708 |
Common Stock Rights | — | 49,176** | — | 49,176 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 130,000 | — | 130,000 |
Total | $54,317,622 | $1,292,643 | $619 | $55,610,884 |
NUDM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $52,468,872 | $ — | $ — | $52,468,872 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 100,000 | — | 100,000 |
Total | $52,468,872 | $100,000 | $ — | $52,568,872 |
NULG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $60,432,635 | $ — | $ — | $60,432,635 |
NULV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $59,939,183 | $ — | $ — | $59,939,183 |
NUMG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $51,931,643 | $ — | $ — | $51,931,643 |
NUMV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $56,553,753 | $ — | $ — | $56,553,753 |
NUSC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $117,694,145 | $ — | $ — | $117,694,145 |
Common Stock Rights | — | — | 323*** | 323 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 210,000 | — | 210,000 |
Total | $117,694,145 | $210,000 | $323 | $117,904,468 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 2. |
*** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
NUEM | Value | % of Net Assets |
Country: | ||
China | $17,954,121 | 32.3% |
Taiwan | 7,097,515 | 12.8 |
Korea, Republic of | 6,360,198 | 11.4 |
India | 5,867,407 | 10.5 |
Brazil | 3,897,467 | 7.0 |
South Africa | 3,713,240 | 6.7 |
Mexico | 1,666,085 | 3.0 |
Thailand | 1,368,188 | 2.4 |
Malaysia | 1,343,891 | 2.4 |
Indonesia | 1,281,309 | 2.3 |
Other | 4,931,463 | 9.0 |
Total non-U.S. securities | $55,480,884 | 99.8% |
NUDM | Value | % of Net Assets |
Country: | ||
Japan | $12,396,010 | 23.4% |
United Kingdom | 8,526,609 | 16.1 |
France | 5,938,851 | 11.2 |
Germany | 4,870,378 | 9.2 |
Switzerland | 4,350,111 | 8.2 |
Australia | 3,605,198 | 6.8 |
Hong Kong | 2,106,299 | 4.0 |
Spain | 1,774,381 | 3.4 |
Sweden | 1,632,639 | 3.1 |
Netherlands | 1,567,447 | 3.0 |
Other | 5,700,949 | 10.8 |
Total non-U.S. securities | $52,468,872 | 99.2% |
NUEM | NUDM | ||||||||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 600,000 | $15,499,304 | 600,000 | $16,928,471 | 500,000 | $11,823,219 | 900,000 | $23,801,244 | |||
Shares redeemed | — | — | — | — | (200,000) | (4,760,320) | — | — | |||
Net increase (decrease) | 600,000 | $15,499,304 | 600,000 | $16,928,471 | 300,000 | $7,062,899 | 900,000 | $23,801,244 |
NULG | NULV | ||||||||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 300,000 | $10,133,730 | 1,050,000 | $34,579,855 | 900,000 | $26,072,360 | 850,000 | $24,269,935 | |||
Shares redeemed | (400,000) | (14,434,980) | (100,000) | (3,291,410) | (500,000) | (14,798,080) | (250,000) | (7,408,650) | |||
Net increase (decrease) | (100,000) | $(4,301,250) | 950,000 | $31,288,445 | 400,000 | $11,274,280 | 600,000 | $16,861,285 |
NUMG | NUMV | ||||||||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 350,000 | $10,063,325 | 950,000 | $28,270,865 | 300,000 | $8,230,315 | 900,000 | $24,857,815 | |||
Shares redeemed | (400,000) | (12,790,400) | (50,000) | (1,454,885) | (50,000) | (1,364,735) | — | — | |||
Net increase (decrease) | (50,000) | $(2,727,075) | 900,000 | $26,815,980 | 250,000 | $6,865,580 | 900,000 | $24,857,815 |
NUSC | |||||
Six Months Ended 4/30/19 | Year Ended 10/31/18 | ||||
Shares | Amount | Shares | Amount | ||
Shares sold | 1,300,000 | $36,463,035 | 1,800,000 | $53,444,235 | |
Shares redeemed | (200,000) | (5,742,480) | (50,000) | (1,508,955) | |
Net increase (decrease) | 1,100,000 | $30,720,555 | 1,750,000 | $51,935,280 |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Purchases | $21,138,611 | $13,588,844 | $23,466,296 | $21,546,768 | $13,492,676 | $13,238,012 | $29,621,056 |
Sales | 10,198,289 | 13,997,228 | 25,154,708 | 22,601,387 | 15,623,165 | 14,318,356 | 31,709,263 |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
In-kind purchases | $3,995,843 | $11,270,457 | $10,109,440 | $25,979,283 | $10,044,750 | $8,215,169 | $36,288,662 |
In-kind sales | — | 4,540,614 | 14,422,953 | 14,763,980 | 12,777,305 | 1,360,877 | 5,698,857 |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Tax cost of investments | $54,448,068 | $52,881,472 | $53,648,722 | $57,969,808 | $45,579,176 | $53,905,010 | $111,410,058 |
Gross unrealized: | |||||||
Appreciation | $4,256,866 | $3,142,267 | $8,426,539 | $3,812,904 | $7,641,115 | $4,667,671 | $11,861,131 |
Depreciation | (3,094,050) | (3,454,867) | (1,642,626) | (1,843,529) | (1,288,648) | (2,018,928) | (5,366,721) |
Net unrealized appreciation (depreciation) of investments | $1,162,816 | $(312,600) | $6,783,913 | $1,969,375 | $6,352,467 | $2,648,743 | $6,494,410 |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Undistributed net ordinary income1 | $696,064 | $1,105,230 | $1,858,047 | $1,483,975 | $1,854,764 | $1,324,031 | $2,253,415 |
Undistributed net long-term capital gains | — | — | 66,602 | 67,290 | 342,792 | 93,320 | 433,348 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
Distributions from net ordinary income1 | $237,640 | $189,750 | $246,098 | $486,906 | $220,545 | $310,481 | $381,407 |
Distributions from net long-term capital gains | — | — | 122 | 2,394 | 585 | 4,744 | 6,323 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NUEM | NUDM | |
Not subject to expiration: | ||
Short-term | $457,682 | $235,983 |
Long-term | 104,477 | — |
Total | $562,159 | $235,983 |
Fund | Management Fee |
NUEM | 0.45% |
NUDM | 0.40 |
NULG | 0.35 |
NULV | 0.35 |
NUMG | 0.40 |
NUMV | 0.40 |
NUSC | 0.40 |
Inter-Fund Trades | NULG | NULV | NUMG | NUMV | NUSC |
Purchases | $4,134,458 | $6,077,600 | $3,186,741 | $2,350,274 | $774,542 |
Sales | 1,793,747 | 2,629,413 | 2,636,385 | 1,747,234 | 559,596 |
Fund | NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC |
TIAA owned shares | 1,400,000 | 1,300,000 | 650,000 | 400,000 | 750,000 | 1,200,000 | 725,000 |
NUEM | NUDM | ||||
Six Months Ended April 30, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
1.01% to 3.00% | 50 | 41.0% | 8 | 6.6% | |
0.51% to 1.00% | 46 | 37.7% | 26 | 21.3% | |
0.26% to 0.50% | 11 | 9.0% | 20 | 16.4% | |
0.00 to 0.25% | 7 | 5.7% | 28 | 22.9% | |
(0.01)% to (0.25)% | 3 | 2.5% | 22 | 18.0% | |
(0.26)% to (0.50)% | 2 | 1.6% | 12 | 9.8% | |
(0.51)% to (1.00)% | 3 | 2.5% | 3 | 2.5% | |
(1.01)% to (3.00)% | — | 0.0% | 3 | 2.5% | |
122 | 100% | 122 | 100% |
NULG | NULV | ||||
Six Months Ended April 30, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
0.00% to 0.25% | 113 | 92.6% | 103 | 84.4% | |
(0.01)% to (0.25)% | 9 | 7.4% | 19 | 15.6% | |
122 | 100% | 122 | 100% |
NUMG | NUMV | ||||
Six Months Ended April 30, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
0.00% to 0.25% | 113 | 92.6% | 109 | 89.3% | |
(0.01)% to (0.25)% | 9 | 7.4% | 13 | 10.7% | |
122 | 100% | 122 | 100% |
NUSC | |||||
Six Months Ended April 30, 2019 | Number of Days | % of Total Days | |||
Premium/Discount Range: | |||||
0.00% to 0.25% | 120 | 98.4% | |||
(0.01)% to (0.25)% | 2 | 1.6% | |||
122 | 100% |
Serving Investors for Generations
Item 2. Code of Ethics.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this filing.
Item 6. Schedule of Investments.
(a) See Portfolio of Investments in Item 1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to this registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules13a-15(b) or15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
File the exhibits listed below as part of this Form.
(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: See EX-99.CERT attached hereto.
(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable to this registrant.
(a)(4) Change in registrant’s independent public accountant. Not applicable.
(b) If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an Exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registration specifically incorporates it by reference: See EX-99.906 CERT attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) NuShares ETF Trust
By | (Signature and Title) | /s/ Christopher M. Rohrbacher | ||||
Christopher M. Rohrbacher Vice President and Secretary |
Date: July 8, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | (Signature and Title) | /s/ Jordan Farris | ||||
Jordan Farris Chief Administrative Officer (principal executive officer) |
Date: July 8, 2019
By | (Signature and Title) | /s/ E. Scott Wickerham | ||||
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: July 8, 2019