UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-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
Nuveen Investments
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: October 31, 2019
FormN-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 Rule30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in FormN-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.
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img77b8f4c11.gif)
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 ETF | Cboe BZX Exchange, Inc. | NULC | |||
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 |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img77b8f4c11.gif)
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869imge67b3b0a2.jpg)
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869imge6af12353.jpg)
Average Annual | ||
1-Year | Since Inception | |
NUEM at NAV | 9.68% | 2.17% |
NUEM at Market Price | 9.70% | 2.39% |
TIAA ESG Emerging Markets Equity Index | 10.46% | 2.89% |
MSCI Emerging Markets Index | 11.86% | 3.72% |
Average Annual | ||
1-Year | Since Inception | |
NUEM at NAV | (3.77)% | 0.68% |
NUEM at Market Price | (3.10)% | 1.07% |
Expense Ratio | 0.45% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869imgde2258584.gif)
Average Annual | ||
1-Year | Since Inception | |
NUDM at NAV | 13.71% | 4.31% |
NUDM at Market Price | 14.10% | 4.49% |
TIAA ESG International Developed Markets Equity Index | 14.02% | 4.59% |
MSCI EAFE Index | 11.04% | 3.89% |
Average Annual | ||
1-Year | Since Inception | |
NUDM at NAV | 0.16% | 2.62% |
NUDM at Market Price | 0.74% | 2.92% |
Expense Ratio | 0.40% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869imgd1dcd8595.gif)
Cumulative | |
Since Inception | |
NULC at NAV | 12.22% |
NULC at Market Price | 12.14% |
TIAA ESG USA Large-Cap Index | 12.32% |
MSCI USA Index | 11.40% |
Cumulative | |
Since Inception | |
NULC at NAV | 10.15% |
NULC at Market Price | 10.20% |
Expense Ratio | 0.20% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img3c79b3696.gif)
Average Annual | ||
1-Year | Since Inception | |
NULG at NAV | 19.57% | 18.08% |
NULG at Market Price | 19.53% | 18.11% |
TIAA ESG USA Large-Cap Growth Index | 20.03% | 18.53% |
MSCI USA Growth Index | 17.65% | 17.38% |
Average Annual | ||
1-Year | Since Inception | |
NULG at NAV | 5.82% | 17.66% |
NULG at Market Price | 5.92% | 17.71% |
Expense Ratio | 0.35% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img897a64a57.gif)
Average Annual | ||
1-Year | Since Inception | |
NULV at NAV | 13.80% | 10.11% |
NULV at Market Price | 13.59% | 10.10% |
TIAA ESG USA Large-Cap Value Index | 14.23% | 10.50% |
MSCI USA Value Index | 11.07% | 8.27% |
Average Annual | ||
1-Year | Since Inception | |
NULV at NAV | 7.25% | 10.04% |
NULV at Market Price | 7.17% | 10.08% |
Expense Ratio | 0.35% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img3df9c6d08.gif)
Average Annual | ||
1-Year | Since Inception | |
NUMG at NAV | 16.93% | 12.44% |
NUMG at Market Price | 16.41% | 12.51% |
TIAA ESG USA Mid-Cap Growth Index | 17.43% | 12.93% |
MSCI USA Mid-Cap Growth Index | 17.48% | 12.22% |
Average Annual | ||
1-Year | Since Inception | |
NUMG at NAV | 0.53% | 12.15% |
NUMG at Market Price | 0.51% | 12.19% |
Expense Ratio | 0.40% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img46a0c7ac9.gif)
Average Annual | ||
1-Year | Since Inception | |
NUMV at NAV | 13.51% | 7.62% |
NUMV at Market Price | 13.57% | 7.71% |
TIAA ESG USA Mid-Cap Value Index | 14.00% | 8.06% |
MSCI USA Mid-Cap Value Index | 11.08% | 7.45% |
Average Annual | ||
1-Year | Since Inception | |
NUMV at NAV | 5.04% | 7.19% |
NUMV at Market Price | 5.17% | 7.26% |
Expense Ratio | 0.40% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img6907ccb210.gif)
Average Annual | ||
1-Year | Since Inception | |
NUSC at NAV | 9.24% | 7.89% |
NUSC at Market Price | 9.26% | 7.95% |
TIAA ESG USA Small-Cap Index | 9.73% | 8.36% |
MSCI USA Small-Cap Index | 7.88% | 7.87% |
Average Annual | ||
1-Year | Since Inception | |
NUSC at NAV | (3.76)% | 7.59% |
NUSC at Market Price | (3.60)% | 7.65% |
Expense Ratio | 0.40% |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869imgc561da6411.gif)
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Corporate Bonds | 0.0% |
Common Stock Rights | 0.0% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Taiwan Semiconductor Manufacturing Co Ltd | 6.0% |
Alibaba Group Holding Ltd, Sponsored ADR | 5.6% |
Tencent Holdings Ltd | 5.5% |
Itau Unibanco Holding SA | 2.0% |
Tata Consultancy Services Ltd | 1.8% |
Portfolio Composition (% of net assets) | |
Financials | 22.5% |
Information Technology | 14.5% |
Consumer Discretionary | 14.3% |
Materials | 10.9% |
Communication Services | 9.7% |
Industrials | 8.5% |
Consumer Staples | 7.2% |
Energy | 4.2% |
Utilities | 3.0% |
Health Care | 2.6% |
Real Estate | 2.5% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
China | 33.4% |
Taiwan | 13.5% |
Korea, Republic of | 10.4% |
India | 9.4% |
Brazil | 8.0% |
South Africa | 4.5% |
Thailand | 2.9% |
Mexico | 2.8% |
Saudi Arabia | 2.5% |
Malaysia | 1.9% |
Other | 10.8% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.6% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Nestle SA | 3.4% |
Roche Holding AG | 2.7% |
AstraZeneca PLC | 2.1% |
Siemens AG | 1.9% |
Sony Corp | 1.8% |
Portfolio Composition (% of net assets) | |
Financials | 18.7% |
Industrials | 18.3% |
Consumer Discretionary | 13.0% |
Consumer Staples | 12.1% |
Health Care | 9.6% |
Materials | 7.9% |
Communication Services | 6.3% |
Information Technology | 4.4% |
Utilities | 3.6% |
Real Estate | 3.6% |
Energy | 2.1% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
Japan | 24.7% |
United Kingdom | 16.0% |
France | 11.5% |
Germany | 9.0% |
Switzerland | 8.9% |
Australia | 6.6% |
Hong Kong | 3.4% |
Netherlands | 3.4% |
Sweden | 2.9% |
Spain | 2.8% |
Other | 10.4% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 22.0% |
Health Care | 13.3% |
Financials | 12.6% |
Consumer Discretionary | 11.4% |
Communication Services | 9.9% |
Industrials | 8.9% |
Consumer Staples | 7.2% |
Energy | 3.9% |
Materials | 3.8% |
Real Estate | 3.7% |
Utilities | 3.0% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Microsoft Corp | 5.2% |
Alphabet Inc., Class C | 2.7% |
Procter & Gamble Co | 2.4% |
Home Depot Inc | 2.3% |
Verizon Communications Inc | 2.1% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 30.3% |
Consumer Discretionary | 17.9% |
Industrials | 13.3% |
Health Care | 11.5% |
Communication Services | 10.0% |
Financials | 5.5% |
Consumer Staples | 3.8% |
Materials | 3.0% |
Real Estate | 2.9% |
Energy | 1.6% |
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) | |
Microsoft Corp | 8.9% |
Alphabet Inc., Class C | 3.9% |
Home Depot Inc | 3.1% |
Mastercard Inc, Class A | 3.0% |
Alphabet Inc., Class A | 3.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 22.0% |
Health Care | 14.9% |
Consumer Staples | 12.5% |
Information Technology | 11.5% |
Communication Services | 8.6% |
Utilities | 6.8% |
Industrials | 5.9% |
Energy | 5.6% |
Real Estate | 4.5% |
Consumer Discretionary | 3.9% |
Materials | 3.6% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Procter & Gamble Co | 3.6% |
Intel Corp | 3.3% |
Verizon Communications Inc | 3.1% |
Walt Disney Co | 2.9% |
Merck & Co Inc | 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 | 23.9% |
Industrials | 23.0% |
Health Care | 18.5% |
Consumer Discretionary | 10.3% |
Communication Services | 5.9% |
Materials | 5.7% |
Real Estate | 4.6% |
Financials | 3.9% |
Energy | 1.8% |
Consumer Staples | 1.6% |
Utilities | 0.7% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
SBA Communications Corp | 2.4% |
IDEXX Laboratories Inc | 2.4% |
Cintas Corp | 2.4% |
ResMed Inc | 2.4% |
Ball Corp | 2.2% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 21.4% |
Real Estate | 17.9% |
Consumer Discretionary | 17.4% |
Information Technology | 8.2% |
Industrials | 7.9% |
Utilities | 6.7% |
Materials | 6.2% |
Consumer Staples | 4.4% |
Health Care | 3.8% |
Communication Services | 3.1% |
Energy | 2.8% |
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) | |
Eversource Energy | 2.6% |
HCP Inc | 2.2% |
CMS Energy Corp | 2.2% |
Mid-America Apartment Communities Inc. | 2.1% |
Arch Capital Group Ltd | 2.1% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Common Stock Rights | 0.0% |
U.S. Government and Agency Obligations | 0.6% |
Other Assets Less Liabilities | (0.5)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 17.4% |
Financials | 15.5% |
Industrials | 15.1% |
Health Care | 12.4% |
Real Estate | 12.1% |
Consumer Discretionary | 11.7% |
Materials | 4.7% |
Consumer Staples | 3.1% |
Utilities | 2.8% |
Energy | 2.6% |
Communication Services | 2.5% |
U.S. Government and Agency Obligations | 0.6% |
Other Assets Less Liabilities | (0.5)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Brown & Brown Inc | 1.0% |
Booz Allen Hamilton Holding Corp | 1.0% |
First American Financial Corp | 1.0% |
Starwood Property Trust Inc. | 1.0% |
Service Corp International/US | 0.9% |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $965.50 |
Expenses Incurred During Period | $2.23 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.94 |
Expenses Incurred During the Period | $2.29 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,062.10 |
Expenses Incurred During Period | $2.08 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.19 |
Expenses Incurred During the Period | $2.04 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,122.20 |
Expenses Incurred During Period | $0.88 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,024.20 |
Expenses Incurred During the Period | $0.84 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,062.60 |
Expenses Incurred During Period | $1.82 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.44 |
Expenses Incurred During the Period | $1.79 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,048.80 |
Expenses Incurred During Period | $1.81 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.44 |
Expenses Incurred During the Period | $1.79 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,024.00 |
Expenses Incurred During Period | $2.04 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.19 |
Expenses Incurred During the Period | $2.04 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,040.70 |
Expenses Incurred During Period | $2.06 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.19 |
Expenses Incurred During the Period | $2.04 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $993.00 |
Expenses Incurred During Period | $2.01 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.19 |
Expenses Incurred During the Period | $2.04 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 9.7% | ||||||
14,332 | Advanced Info Service PCL, (2) | $108,694 | ||||
286,047 | Axiata Group Bhd | 294,365 | ||||
79,720 | Chunghwa Telecom Co Ltd | 293,314 | ||||
7,059 | DiGiCom Bhd | 7,940 | ||||
2,469 | Far EasTone Telecommunications Co Ltd | 5,921 | ||||
6,700 | Maxis Bhd | 8,643 | ||||
621 | MultiChoice Group, (3) | 5,196 | ||||
15 | NCSoft Corp | 6,653 | ||||
69,004 | Orange Polska SA, (3) | 113,047 | ||||
2,110 | SK Telecom Co Ltd | 429,816 | ||||
1,839 | Taiwan Mobile Co Ltd | 6,857 | ||||
46,767 | Telefonica Brasil SA | 618,372 | ||||
116,252 | Telekom Malaysia Bhd | 104,609 | ||||
75,806 | Tencent Holdings Ltd | 3,102,768 | ||||
30,934 | True Corp PCL, (2) | 5,122 | ||||
41,971 | Turkcell Iletisim Hizmetleri AS | 92,354 | ||||
27,393 | Vodacom Group Ltd | 239,769 | ||||
Total Communication Services | 5,443,440 | |||||
Consumer Discretionary – 14.3% | ||||||
17,752 | Alibaba Group Holding Ltd, Sponsored ADR, (3) | 3,136,246 | ||||
3,561 | ANTA Sports Products Ltd | 34,894 | ||||
791 | B2W Cia Digital, (3) | 10,010 | ||||
172,376 | BAIC Motor Corp Ltd, 144A | 107,327 | ||||
177 | Bajaj Auto Ltd | 8,093 | ||||
118 | Baozun Inc, Sponsored ADR, (3) | 5,135 | ||||
299,391 | Brilliance China Automotive Holdings Ltd | 331,566 | ||||
66,940 | BYD Co Ltd | 315,154 | ||||
168 | CCC SA | 4,915 | ||||
3,787 | Cheng Shin Rubber Industry Co Ltd | 5,953 | ||||
16,889 | China First Capital Group Ltd, (3) | 4,805 | ||||
4,900 | Chongqing Changan Automobile Co Ltd | 4,980 | ||||
43 | CJ ENM Co Ltd | 6,098 | ||||
1,643 | Ctripcom International Ltd, ADR, (3) | 54,203 | ||||
283,561 | Dongfeng Motor Group Co Ltd | 285,091 | ||||
442 | Eclat Textile Co Ltd | 5,946 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
1,050 | Feng TAY Enterprise Co Ltd | $7,106 | ||||
460 | FF Group, (3), (4) | 616 | ||||
116 | Fila Korea Ltd | 5,743 | ||||
553 | Foschini Group Ltd | 6,388 | ||||
9,548 | Geely Automobile Holdings Ltd | 18,151 | ||||
14,100 | Gree Electric Appliances Inc of Zhuhai | 117,489 | ||||
8,118 | Guangzhou Automobile Group Co Ltd | 8,131 | ||||
28,100 | Haier Smart Home Co Ltd | 63,821 | ||||
281 | Hankook Tire & Technology Co Ltd | 7,499 | ||||
517 | Hanon Systems | 5,155 | ||||
336,796 | HengTen Networks Group Ltd, (3) | 4,856 | ||||
187 | Hero MotoCorp Ltd | 7,144 | ||||
11,188 | Home Product Center PCL | 6,336 | ||||
404 | Hotai Motor Co Ltd | 7,140 | ||||
72 | Hotel Shilla Co Ltd | 4,796 | ||||
10,256 | LG Electronics Inc | 589,734 | ||||
2,800 | Liaoning Cheng Da Co Ltd | 5,572 | ||||
569 | Lojas Renner SA | 7,193 | ||||
3 | LPP SA | 6,413 | ||||
7,355 | Mahindra & Mahindra Ltd | 62,840 | ||||
46,858 | Meituan Dianping, (3) | 559,890 | ||||
16,100 | Midea Group Co Ltd | 126,841 | ||||
3,552 | Minor International PCL, (2) | 4,235 | ||||
495 | Mr Price Group Ltd | 5,251 | ||||
6,979 | Naspers Ltd | 994,082 | ||||
3,941 | New Oriental Education & Technology Group Inc, Sponsored ADR | 481,038 | ||||
1,912 | NIO Inc, ADR, (3) | 2,772 | ||||
1,946 | Pinduoduo Inc, ADR, (3) | 79,552 | ||||
5,029 | Pou Chen Corp | 6,732 | ||||
2,757 | Robinson PCL, (2) | 5,958 | ||||
17,826 | SACI Falabella | 90,831 | ||||
1,233 | Shenzhou International Group Holdings Ltd | 17,085 | ||||
1,400 | Songcheng Performance Development Co Ltd | 5,882 | ||||
3,300 | Suningcom Co Ltd | 4,942 | ||||
9,014 | Tatung Co Ltd, (3) | 5,419 | ||||
11,000 | TCL Corp | 5,137 | ||||
333 | Titan Co Ltd | 6,253 | ||||
1,739 | Truworths International Ltd | 6,184 | ||||
3,904 | Vipshop Holdings Ltd, ADR, (3) | 45,052 | ||||
1,625 | Woolworths Holdings Ltd/South Africa | 6,202 | ||||
118 | Woongjin Coway Co Ltd | 9,311 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
6,725 | Yum China Holdings Inc | $285,813 | ||||
2,629 | Zhongsheng Group Holdings Ltd | 8,738 | ||||
Total Consumer Discretionary | 8,025,739 | |||||
Consumer Staples – 7.2% | ||||||
382 | Almarai Co JSC | 5,083 | ||||
49 | Amorepacific Corp | 8,086 | ||||
89 | Amorepacific Corp | 7,367 | ||||
134 | AMOREPACIFIC Group | 9,744 | ||||
1,133 | Arca Continental SAB de CV | 6,354 | ||||
12,858 | Atacadao SA | 61,209 | ||||
3,704 | Berli Jucker PCL, (2), (3) | 5,980 | ||||
547 | Bid Corp Ltd | 12,801 | ||||
146 | Britannia Industries Ltd | 6,743 | ||||
5,784 | Charoen Pokphand Foods PCL, (2) | 4,837 | ||||
246,014 | China Agri-Industries Holdings Ltd | 81,296 | ||||
50,724 | China Mengniu Dairy Co Ltd | 202,891 | ||||
2,926 | Cia Brasileira de Distribuicao | 60,489 | ||||
375 | Clicks Group Ltd | 6,119 | ||||
10,387 | Coca-Cola Femsa SAB de CV | 57,342 | ||||
11,824 | CP ALL PCL | 30,642 | ||||
8,192 | Dali Foods Group Co Ltd, 144A | 5,613 | ||||
94,243 | Fomento Economico Mexicano SAB de CV | 840,528 | ||||
672 | Fraser & Neave Holdings Bhd | 5,561 | ||||
554 | Godrej Consumer Products Ltd | 5,765 | ||||
605 | Gruma SAB de CV | 6,352 | ||||
31,376 | Hindustan Unilever Ltd | 964,565 | ||||
6,705 | Indofood CBP Sukses Makmur Tbk PT | 5,553 | ||||
28,700 | Inner Mongolia Yili Industrial Group Co Ltd | 118,146 | ||||
3,503 | Kimberly-Clark de Mexico SAB de CV | 7,062 | ||||
5 | LG Household & Health Care Ltd | 5,419 | ||||
220 | LG Household & Health Care Ltd | 139,739 | ||||
560 | M Dias Branco SA | 5,266 | ||||
927 | Nestle India Ltd | 195,532 | ||||
176 | Nestle Malaysia Bhd | 6,095 | ||||
1,548 | PPB Group Bhd | 6,705 | ||||
39,113 | President Chain Store Corp | 390,610 | ||||
669 | Savola Group, (3) | 5,512 | ||||
1,804 | Shoprite Holdings Ltd | 16,217 | ||||
3,220 | Standard Foods Corp | 6,495 | ||||
249,276 | Sun Art Retail Group Ltd | 254,756 | ||||
159,499 | Unilever Indonesia Tbk PT | 496,836 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
2,776 | Uni-President Enterprises Corp | $6,858 | ||||
Total Consumer Staples | 4,062,168 | |||||
Energy – 4.2% | ||||||
16,679 | Cosan SA | 240,106 | ||||
1,185,451 | IRPC PCL, (2) | 133,484 | ||||
6,359 | Motor Oil Hellas Corinth Refineries SA | 157,070 | ||||
20,500 | Offshore Oil Engineering Co Ltd | 17,547 | ||||
25,992 | Petronas Dagangan Bhd | 146,553 | ||||
62,714 | Petronet LNG Ltd | 252,876 | ||||
50,917 | Qatar Fuel QSC | 309,054 | ||||
4,707 | S-Oil Corp | 403,359 | ||||
117,352 | Thai Oil PCL, (2) | 266,223 | ||||
8,196 | Transportadora de Gas del Sur SA, (3) | 61,962 | ||||
75,617 | Ultrapar Participacoes SA | 355,444 | ||||
Total Energy | 2,343,678 | |||||
Financials – 22.5% | ||||||
549 | Absa Group Ltd | 5,645 | ||||
68,380 | Abu Dhabi Commercial Bank PJSC | 145,220 | ||||
6,310 | Alliance Bank Malaysia Bhd | 4,349 | ||||
8,170 | AMMB Holdings Bhd | 7,801 | ||||
90,428 | Axis Bank Ltd | 933,364 | ||||
24,220 | B3 SA - Brasil Bolsa Balcao | 291,890 | ||||
5,275 | Bajaj Finance Ltd | 299,638 | ||||
1,342 | Banco BBVA Argentina SA, ADR | 4,697 | ||||
109,506 | Banco Bradesco SA, (3) | 959,378 | ||||
24,041 | Banco Bradesco SA, (3) | 196,728 | ||||
99 | Banco de Credito e Inversiones SA | 5,538 | ||||
138 | Banco Macro SA, ADR | 3,160 | ||||
509 | Banco Santander Brasil SA | 5,967 | ||||
78,134 | Banco Santander Chile | 4,746 | ||||
33,898 | Bancolombia SA | 442,686 | ||||
2,565 | Bank Central Asia Tbk PT | 5,747 | ||||
663,978 | Bank Mandiri Persero Tbk PT | 332,296 | ||||
4,095 | Bank Millennium SA, (3) | 6,596 | ||||
8,976 | Bank Negara Indonesia Persero Tbk PT | 4,908 | ||||
5,920 | Bank of Shanghai Co Ltd | 7,840 | ||||
4,424 | Bank of the Philippine Islands | 8,457 | ||||
2,825 | Bank Polska Kasa Opieki SA | 79,826 | ||||
18,130 | Banque Saudi Fransi | 162,915 | ||||
2,226 | BDO Unibank Inc | 6,795 | ||||
545,057 | Cathay Financial Holding Co Ltd | 721,598 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
13,900 | China CITIC Bank Corp Ltd | $12,095 | ||||
327,129 | China Everbright Bank Co Ltd | 150,674 | ||||
183,900 | China Everbright Bank Co Ltd | 113,295 | ||||
3,784 | China International Capital Corp Ltd, 144A | 6,923 | ||||
189,512 | China Merchants Bank Co Ltd | 906,733 | ||||
9,500 | China Merchants Bank Co Ltd | 47,873 | ||||
739,288 | China Minsheng Banking Corp Ltd | 517,842 | ||||
164,500 | China Minsheng Banking Corp Ltd | 143,609 | ||||
4,468 | CIMB Group Holdings Bhd | 5,614 | ||||
124,733 | Commercial Bank PQSC | 147,309 | ||||
13,282 | Commercial International Bank Egypt SAE | 66,657 | ||||
8,076 | CTBC Financial Holding Co Ltd | 5,624 | ||||
4,197 | Dubai Islamic Bank PJSC | 6,045 | ||||
7,488 | ESun Financial Holding Co Ltd | 6,777 | ||||
8,230 | First Financial Holding Co Ltd | 6,043 | ||||
19,793 | FirstRand Ltd | 85,802 | ||||
436,572 | Fubon Financial Holding Co Ltd | 638,928 | ||||
73,925 | Grupo Financiero Banorte SAB de CV | 405,562 | ||||
207 | Hana Financial Group Inc | 5,996 | ||||
1,626 | Hong Leong Bank Bhd | 6,701 | ||||
10,094 | Hua Nan Financial Holdings Co Ltd | 7,262 | ||||
5,200 | Huaxia Bank Co Ltd | 5,529 | ||||
320 | Hyundai Marine & Fire Insurance Co Ltd | 6,945 | ||||
28,269 | Indiabulls Housing Finance Ltd | 81,863 | ||||
97,600 | Industrial Bank Co Ltd | 259,356 | ||||
9,311 | Investec Ltd | 53,109 | ||||
124,191 | Itau Unibanco Holding SA | 1,120,825 | ||||
1,495 | Kasikornbank PCL | 6,907 | ||||
19,080 | KB Financial Group Inc | 687,959 | ||||
789 | Komercni banka as | 26,693 | ||||
2,641 | Malayan Banking Bhd | 5,436 | ||||
184 | mBank SA | 18,414 | ||||
6,127 | MCB Bank Ltd | 6,889 | ||||
3,686 | Muangthai Capital PCL, (2) | 7,568 | ||||
4,424 | Nedbank Group Ltd | 67,308 | ||||
200,801 | Old Mutual Ltd | 261,940 | ||||
4,700 | Orient Securities Co Ltd/China | 6,672 | ||||
128 | OTP Bank Nyrt | 5,905 | ||||
380 | PSG Group Ltd | 5,957 | ||||
1,016 | Public Bank Bhd | 4,936 | ||||
47,952 | Qatar National Bank QPSC | 252,864 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
72,283 | REC Ltd | $142,469 | ||||
208 | Samsung Card Co Ltd | 5,998 | ||||
3,219 | Samsung Fire & Marine Insurance Co Ltd | 599,006 | ||||
39,618 | Sanlam Ltd | 209,274 | ||||
57 | Santander Bank Polska SA | 4,679 | ||||
137,900 | Shanghai Pudong Development Bank Co Ltd | 244,885 | ||||
4,426 | Shinhan Financial Group Co Ltd | 161,679 | ||||
1,927 | Siam Commercial Bank PCL, (3) | 7,180 | ||||
14,903 | SinoPac Financial Holdings Co Ltd | 6,120 | ||||
30,307 | Standard Bank Group Ltd | 349,013 | ||||
15,123 | Taishin Financial Holding Co Ltd | 7,030 | ||||
87,078 | TMB Bank PCL, (2), (3) | 4,153 | ||||
104,815 | Yes Bank Ltd | 103,886 | ||||
Total Financials | 12,679,596 | |||||
Health Care – 2.6% | ||||||
4,374 | 3SBio Inc, 144A | 8,181 | ||||
193,399 | Alibaba Health Information Technology Ltd, (3) | 195,183 | ||||
6,690 | China Medical System Holdings Ltd | 9,099 | ||||
1,200 | China Resources Sanjiu Medical & Pharmaceutical Co Ltd | 5,022 | ||||
188,599 | CSPC Pharmaceutical Group Ltd | 484,871 | ||||
2,520 | Genscript Biotech Corp, (3) | 6,057 | ||||
1,000 | Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd | 4,794 | ||||
23 | Hanmi Pharm Co Ltd | 6,593 | ||||
6,130 | Hartalega Holdings Bhd | 7,717 | ||||
1,600 | Huadong Medicine Co Ltd | 5,928 | ||||
5,849 | Hutchison China MediTech Ltd, ADR, (3) | 110,546 | ||||
103,902 | IHH Healthcare Bhd | 141,735 | ||||
64,740 | Kalbe Farma Tbk PT | 7,356 | ||||
2,972 | Life Healthcare Group Holdings Ltd | 4,707 | ||||
466 | Notre Dame Intermedica Participacoes SA | 6,965 | ||||
2,718 | Piramal Enterprises Ltd | 64,541 | ||||
7,733 | Richter Gedeon Nyrt | 143,530 | ||||
34,055 | Shanghai Fosun Pharmaceutical Group Co Ltd | �� | 96,460 | |||
1,400 | Shanghai Fosun Pharmaceutical Group Co Ltd | 5,060 | ||||
3,282 | Shanghai Pharmaceuticals Holding Co Ltd | 5,938 | ||||
2,500 | Shanghai Pharmaceuticals Holding Co Ltd | 6,583 | ||||
200 | Shenzhen Mindray Bio-Medical Electronics Co Ltd | 5,053 | ||||
397,806 | Sihuan Pharmaceutical Holdings Group Ltd | 52,278 | ||||
9,019 | Sinopharm Group Co Ltd | 32,393 | ||||
7,218 | SSY Group Ltd | 6,041 | ||||
4,361 | Tong Ren Tang Technologies Co Ltd | 4,346 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
582 | WuXi AppTec Co Ltd, 144A | $7,032 | ||||
600 | WuXi AppTec Co Ltd | 8,012 | ||||
534 | Wuxi Biologics Cayman Inc, 144A, (3) | 6,302 | ||||
29 | Yuhan Corp | 5,596 | ||||
500 | Yunnan Baiyao Group Co Ltd | 6,143 | ||||
Total Health Care | 1,460,062 | |||||
Industrials – 8.5% | ||||||
2,606 | 51job Inc, ADR, (3) | 205,275 | ||||
139,502 | Aboitiz Equity Ventures Inc | 153,811 | ||||
5,148 | Air China Ltd | 4,558 | ||||
5,600 | Air China Ltd | 6,598 | ||||
111,120 | Airports of Thailand PCL | 288,886 | ||||
21,542 | Alliance Global Group Inc | 4,873 | ||||
1,756 | Aselsan Elektronik Sanayi Ve Ticaret AS | 5,641 | ||||
1,278 | Bidvest Group Ltd | 17,482 | ||||
21,756 | BOC Aviation Ltd, 144A | 204,578 | ||||
15,732 | BTS Group Holdings PCL, (2) | 6,982 | ||||
9,966 | CCR SA | 40,813 | ||||
16,686 | China Airlines Ltd | 4,966 | ||||
164,721 | China Conch Venture Holdings Ltd | 645,207 | ||||
7,911 | China Eastern Airlines Corp Ltd | 3,957 | ||||
6,100 | China Eastern Airlines Corp Ltd | 4,485 | ||||
4,900 | China International Marine Containers Group Co Ltd | 6,747 | ||||
92 | CJ Corp | 6,516 | ||||
2,000 | Contemporary Amperex Technology Co Ltd | 19,507 | ||||
17,300 | COSCO SHIPPING Development Co Ltd | 6,115 | ||||
176,718 | COSCO SHIPPING Ports Ltd | 139,116 | ||||
60,091 | Country Garden Services Holdings Co Ltd | 204,323 | ||||
1,622 | Daelim Industrial Co Ltd | 126,866 | ||||
13,326 | Eva Airways Corp | 6,238 | ||||
13,250 | Evergreen Marine Corp Taiwan Ltd | 5,441 | ||||
323,646 | Far Eastern New Century Corp | 314,710 | ||||
3,381 | Grupo Aeroportuario del Pacifico SAB de CV | 35,558 | ||||
390 | Grupo Aeroportuario del Sureste SAB de CV | 6,408 | ||||
6,141 | GS Engineering & Construction Corp | 163,098 | ||||
2,473 | HAP Seng Consolidated Bhd | 5,907 | ||||
774 | Hiwin Technologies Corp | 6,649 | ||||
22 | Hyundai Heavy Industries Holdings Co Ltd | 6,458 | ||||
56,331 | Jasa Marga Persero Tbk PT | 21,871 | ||||
4,253 | JG Summit Holdings Inc | 6,391 | ||||
4,299 | Jiangsu Expressway Co Ltd | 5,715 |
Shares | Description (1) | �� | Value | |||
Industrials(continued) | ||||||
846 | Latam Airlines Group SA | $9,360 | ||||
9,920 | LG Corp | 591,730 | ||||
621 | Localiza Rent a Car SA | 6,680 | ||||
213 | Lotte Corp | 6,682 | ||||
3,429 | Malaysia Airports Holdings Bhd | 6,499 | ||||
116,644 | MISC Bhd | 232,534 | ||||
1,900 | NARI Technology Co Ltd | 5,920 | ||||
1,357 | Rumo SA, (3) | 7,707 | ||||
2,842 | Shanghai Industrial Holdings Ltd | 5,294 | ||||
4,500 | Shanghai International Airport Co Ltd | 48,707 | ||||
39,300 | Shanghai International Port Group Co Ltd | 32,412 | ||||
1,600 | Shenzhen Inovance Technology Co Ltd | 5,662 | ||||
86,675 | Sime Darby Bhd | 47,087 | ||||
211,912 | Sinotrans Ltd | 62,457 | ||||
18,544 | SM Investments Corp | 376,398 | ||||
4,425 | Taiwan High Speed Rail Corp | 5,240 | ||||
1,260 | TAV Havalimanlari Holding AS | 5,752 | ||||
2,779 | Turk Hava Yollari AO, (3) | 5,663 | ||||
34,416 | Turkiye Sise ve Cam Fabrikalari AS | 26,207 | ||||
4,700 | Tus Environmental Science And Technology Development Co Ltd | 5,784 | ||||
46,311 | WEG SA | 294,174 | ||||
8,515 | Westports Holdings Bhd | 8,722 | ||||
81,203 | Xinjiang Goldwind Science & Technology Co Ltd | 97,079 | ||||
16,700 | Xinjiang Goldwind Science & Technology Co Ltd | 29,798 | ||||
147,994 | Zhejiang Expressway Co Ltd | 121,413 | ||||
2,800 | Zhengzhou Yutong Bus Co Ltd | 5,684 | ||||
11,800 | Zoomlion Heavy Industry Science and Technology Co Ltd | 9,799 | ||||
Total Industrials | 4,752,190 | |||||
Information Technology – 14.5% | ||||||
2,100 | 360 Security Technology Inc | 6,740 | ||||
75,060 | AAC Technologies Holdings Inc | 488,416 | ||||
7,622 | Acer Inc | 4,457 | ||||
2,000 | Aisino Corp | 5,849 | ||||
673,364 | AU Optronics Corp | 172,541 | ||||
157,100 | BOE Technology Group Co Ltd | 79,613 | ||||
4,777 | BYD Electronic International Co Ltd | 8,240 | ||||
777 | Catcher Technology Co Ltd | 6,586 | ||||
1,931 | Chicony Electronics Co Ltd | 6,007 | ||||
2,924 | Cielo SA | 5,507 | ||||
6,394 | Delta Electronics Inc | 28,147 | ||||
357 | HCL Technologies Ltd | 5,818 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
54,102 | Infosys Ltd | $524,020 | ||||
27,934 | Innolux Corp | 6,213 | ||||
8,128 | Inventec Corp | 5,901 | ||||
113,044 | Kingboard Laminates Holdings Ltd | 103,846 | ||||
40,138 | Legend Holdings Corp, 144A | 88,493 | ||||
753,569 | Lenovo Group Ltd | 526,884 | ||||
24,308 | LG Display Co Ltd | 285,190 | ||||
82 | LG Innotek Co Ltd | 8,528 | ||||
50,212 | MediaTek Inc | 673,001 | ||||
1,992 | Micro-Star International Co Ltd | 5,890 | ||||
3,001 | Quanta Computer Inc | 5,767 | ||||
3,473 | Samsung SDI Co Ltd | 679,108 | ||||
343,253 | Taiwan Semiconductor Manufacturing Co Ltd | 3,365,944 | ||||
31,336 | Tata Consultancy Services Ltd | 1,004,886 | ||||
583 | Tech Mahindra Ltd | 6,074 | ||||
3,033 | TravelSky Technology Ltd | 6,927 | ||||
1,466 | Unisplendour Corp Ltd | 6,122 | ||||
1,557 | Win Semiconductors Corp | 16,265 | ||||
1,415 | Wipro Ltd | 5,185 | ||||
1,000 | Wuxi Lead Intelligent Equipment Co Ltd | 4,649 | ||||
64,582 | Xinyi Solar Holdings Ltd | 36,585 | ||||
Total Information Technology | 8,183,399 | |||||
Materials – 10.9% | ||||||
300 | Asian Paints Ltd | 7,651 | ||||
106,327 | Barito Pacific Tbk PT | 7,196 | ||||
385,531 | China Molybdenum Co Ltd | 121,989 | ||||
39,166 | China Molybdenum Co Ltd | 18,903 | ||||
4,600 | China Northern Rare Earth Group High-Tech Co Ltd | 6,562 | ||||
1,045,724 | China Steel Corp | 805,579 | ||||
171,991 | China Zhongwang Holdings Ltd | 71,538 | ||||
63,551 | Empresas CMPC SA | 144,946 | ||||
147,708 | Eregli Demir ve Celik Fabrikalari TAS | 169,103 | ||||
3,344 | Indorama Ventures PCL, (2) | 3,101 | ||||
6,900 | Industrias Penoles SAB de CV | 82,453 | ||||
14,636 | KGHM Polska Miedz SA | 320,879 | ||||
1,188 | Klabin SA | 4,682 | ||||
276 | Korea Zinc Co Ltd | 103,074 | ||||
6,717 | Kumba Iron Ore Ltd | 164,087 | ||||
89 | Kumho Petrochemical Co Ltd | 5,355 | ||||
84,412 | Lee & Man Paper Manufacturing Ltd | 47,065 | ||||
1,456 | LG Chem Ltd | 384,821 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
478 | LG Chem Ltd | $70,666 | ||||
1,513 | Lotte Chemical Corp | 295,201 | ||||
2,555 | Nan Ya Plastics Corp | 6,043 | ||||
124,526 | Pabrik Kertas Tjiwi Kimia Tbk PT | 93,814 | ||||
12,031 | PhosAgro PJSC, GDR | 151,350 | ||||
22,348 | Polymetal International PLC | 365,817 | ||||
5,610 | Polyus PJSC, GDR | 330,149 | ||||
235,867 | PTT Global Chemical PCL, (2) | 398,384 | ||||
2,178 | Sappi Ltd | 5,610 | ||||
42,716 | Saudi Arabian Mining Co, (3) | 482,937 | ||||
32,291 | Saudi Basic Industries Corp | 755,118 | ||||
10,300 | Shenzhen Zhongjin Lingnan Nonfemet Co Ltd | 5,878 | ||||
23,943 | Siam Cement PCL | 293,390 | ||||
342,558 | Sinopec Shanghai Petrochemical Co Ltd | 95,280 | ||||
4,568 | Sociedad Quimica y Minera de Chile SA | 121,440 | ||||
2,200 | Tianqi Lithium Corp | 7,854 | ||||
22,800 | Tongling Nonferrous Metals Group Co Ltd | 7,023 | ||||
5,200 | Transfar Zhilian Co Ltd | 5,558 | ||||
21,195 | UPL Ltd | 178,829 | ||||
3,935 | Zhaojin Mining Industry Co Ltd | 4,373 | ||||
1,984 | Zhejiang Huayou Cobalt Co Ltd | 6,914 | ||||
Total Materials | 6,150,612 | |||||
Real Estate – 2.5% | ||||||
312,021 | Aldar Properties PJSC | 199,643 | ||||
7,150 | Ayala Land Inc | 6,841 | ||||
1,510 | BR Malls Participacoes SA | 5,774 | ||||
4,753 | China Aoyuan Group Ltd | 6,101 | ||||
119,833 | China Overseas Land & Investment Ltd | 379,175 | ||||
123,332 | China Vanke Co Ltd | 450,829 | ||||
1,400 | China Vanke Co Ltd | 5,272 | ||||
84,048 | Fibra Uno Administracion SA de CV | 128,185 | ||||
4,765 | Fortress REIT Ltd | 6,646 | ||||
5,300 | Greenland Holdings Corp Ltd | 5,131 | ||||
3,591 | Growthpoint Properties Ltd | 5,271 | ||||
5,700 | Jinke Properties Group Co Ltd | 5,607 | ||||
16,573 | Land & Houses PCL, (2), (3) | 5,324 | ||||
700 | NEPI Rockcastle PLC | 6,111 | ||||
122,274 | Pakuwon Jati Tbk PT | 5,444 | ||||
3,000 | Poly Developments and Holdings Group Co Ltd | 6,137 | ||||
5,100 | RiseSun Real Estate Development Co Ltd | 6,298 | ||||
4,656 | Ruentex Development Co Ltd | 7,112 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
7,800 | Shanghai Zhangjiang High-Tech Park Development Co Ltd | $17,915 | ||||
26,912 | Shui On Land Ltd | 5,425 | ||||
18,901 | Sime Darby Property Bhd | 3,280 | ||||
12,172 | Sino-Ocean Group Holding Ltd | 4,488 | ||||
109,678 | SM Prime Holdings Inc | 84,293 | ||||
18,062 | SOHO China Ltd | 6,176 | ||||
14,018 | SP Setia Bhd Group | 4,059 | ||||
12,458 | Yuzhou Properties Co Ltd | 5,277 | ||||
9,300 | Zhejiang China Commodities City Group Co Ltd | 5,149 | ||||
Total Real Estate | 1,376,963 | |||||
Utilities – 3.0% | ||||||
10,563 | Aguas Andinas SA | 4,887 | ||||
568,615 | Beijing Enterprises Water Group Ltd | 297,450 | ||||
331,352 | China Longyuan Power Group Corp Ltd | 179,253 | ||||
529,234 | Enel Americas SA | 99,130 | ||||
58,198 | Enel Chile SA | 4,789 | ||||
529 | Energisa SA | 6,315 | ||||
11,881 | Energy Absolute PCL, (2) | 16,133 | ||||
17,220 | Engie Brasil Energia SA | 194,145 | ||||
5,381 | ENN Energy Holdings Ltd | 61,652 | ||||
280 | Equatorial Energia SA | 7,106 | ||||
498,811 | Huaneng Renewables Corp Ltd | 190,928 | ||||
21,984 | Interconexion Electrica SA ESP | 126,890 | ||||
1,332 | Manila Electric Co | 8,883 | ||||
152,149 | Power Grid Corp of India Ltd | 425,694 | ||||
4,600 | Sichuan Chuantou Energy Co Ltd | 6,308 | ||||
103,317 | Towngas China Co Ltd | 79,751 | ||||
Total Utilities | 1,709,314 | |||||
Total Common Stocks (cost $55,578,401) | 56,187,161 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |
CORPORATE BONDS – 0.0% | ||||||
Food Products – 0.0% | ||||||
$— (6) | Britannia Industries Ltd | 8.000% | 8/28/22 | N/R | $2 | |
— | Total Corporate Bonds (cost $52) | 2 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
3,176 | Legend Holdings Corp, (4) | $ — | ||||
Total Common Stock Rights (cost $-) | — | |||||
Total Long-Term Investments (cost $55,578,453) | 56,187,163 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$110 | Federal Home Loan Banks, Discount Notes | 0.000% | 11/01/19 | N/R | $110,000 | |
Total Short-Term Investments (cost $110,000) | 110,000 | |||||
Total Investments (cost $55,688,453) – 100.1% | 56,297,163 | |||||
Other Assets Less Liabilities – (0.1)% | (42,658) | |||||
Net Assets – 100% | $56,254,505 |
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 3 - 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 3 - 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. Ratings are not covered by the report of independent registered public accounting firm. | |
(6) | Principal Amount (000) rounds to less than $1,000. | |
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 | |
GDR | Global Depositary Receipt | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.6% | ||||||
COMMON STOCKS – 99.6% | ||||||
Communication Services – 6.3% | ||||||
3,289 | BT Group PLC | $8,712 | ||||
95 | Elisa OYJ | 5,190 | ||||
680 | Informa PLC | 6,819 | ||||
4,731 | ITV PLC | 8,188 | ||||
228 | JCDecaux SA | 6,232 | ||||
266 | KDDI Corp | 7,379 | ||||
2,994 | Millicom International Cellular SA | 136,737 | ||||
2,530 | Nintendo Co Ltd | 903,831 | ||||
37,129 | NTT DOCOMO Inc | 1,021,773 | ||||
481 | Orange SA | 7,749 | ||||
29,083 | Pearson PLC | 256,735 | ||||
4,401 | Schibsted ASA | 123,097 | ||||
378 | SES SA | 7,325 | ||||
105,814 | Singapore Telecommunications Ltd | 256,575 | ||||
14 | Swisscom AG | 7,151 | ||||
420 | Tele2 AB | 6,018 | ||||
2,892 | Telefonica Deutschland Holding AG | 9,179 | ||||
24,068 | Telenor ASA | 451,282 | ||||
1,603 | Telia Co AB | 7,063 | ||||
1,854 | Telstra Corp Ltd | 4,458 | ||||
481,432 | Vodafone Group PLC | 980,560 | ||||
458 | WPP PLC | 5,708 | ||||
Total Communication Services | 4,227,761 | |||||
Consumer Discretionary – 13.0% | ||||||
18 | adidas AG | 5,560 | ||||
879 | Barratt Developments PLC | 7,179 | ||||
2,560 | Bayerische Motoren Werke AG | 157,798 | ||||
9,044 | Bayerische Motoren Werke AG | 693,280 | ||||
241 | Benesse Holdings Inc | 6,481 | ||||
151 | Berkeley Group Holdings PLC | 8,599 | ||||
263 | Burberry Group PLC | 6,956 | ||||
89 | Cie Financiere Richemont SA | 6,999 | ||||
60 | Cie Generale des Etablissements Michelin SCA | 7,303 | ||||
18,495 | Compass Group PLC | 492,053 | ||||
85 | Dufry AG | 7,372 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
277 | Electrolux AB | $7,288 | ||||
2,079 | EssilorLuxottica SA | 317,299 | ||||
650 | Fast Retailing Co Ltd | 403,150 | ||||
36,831 | Hennes & Mauritz AB | 771,271 | ||||
40,173 | Honda Motor Co Ltd | 1,093,279 | ||||
77 | HUGO BOSS AG | 3,240 | ||||
866 | Husqvarna AB | 6,639 | ||||
2,695 | Industria de Diseno Textil SA | 84,037 | ||||
13 | Kering SA | 7,400 | ||||
2,776 | Kingfisher PLC | 7,443 | ||||
2,987 | Marks & Spencer Group PLC | 7,015 | ||||
261 | Mercari Inc, (2) | 5,917 | ||||
1,375 | Merlin Entertainments PLC | 8,087 | ||||
92 | Next PLC | 7,836 | ||||
428 | NGK Spark Plug Co Ltd | 8,777 | ||||
14,685 | Nikon Corp | 188,818 | ||||
10,087 | Ocado Group PLC, (2) | 173,469 | ||||
6,286 | Oriental Land Co Ltd/Japan | 923,668 | ||||
89,063 | Panasonic Corp | 755,394 | ||||
136 | Pandora A/S | 6,691 | ||||
505 | Peugeot SA | 12,789 | ||||
18,500 | Pirelli & C SpA | 106,954 | ||||
89 | Puma SE | 6,697 | ||||
37,902 | Rakuten Inc | 363,926 | ||||
8,894 | Renault SA | 454,058 | ||||
784 | SEB SA | 119,043 | ||||
7,913 | Sega Sammy Holdings Inc | 111,846 | ||||
479 | Sekisui Chemical Co Ltd | 8,414 | ||||
860 | Sekisui House Ltd | 18,631 | ||||
57,768 | Shangri-La Asia Ltd | 59,333 | ||||
19,654 | Sony Corp | 1,204,456 | ||||
204 | Stanley Electric Co Ltd | 5,718 | ||||
3,780 | Taylor Wimpey PLC | 8,095 | ||||
189 | Valeo SA | 7,030 | ||||
278 | Wesfarmers Ltd | 7,615 | ||||
102 | Whitbread PLC | 5,360 | ||||
134 | Yamaha Corp | 6,284 | ||||
128 | Zalando SE, (2) | 5,548 | ||||
Total Consumer Discretionary | 8,698,095 | |||||
Consumer Staples – 12.1% | ||||||
12,383 | Aeon Co Ltd | 250,283 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
336 | Associated British Foods PLC | $9,678 | ||||
3 | Barry Callebaut AG | 6,324 | ||||
2,550 | Casino Guichard Perrachon SA | 137,608 | ||||
1 | Chocoladefabriken Lindt & Spruengli AG | 7,428 | ||||
959 | Coca-Cola Amatil Ltd | 6,706 | ||||
10,550 | Coca-Cola European Partners PLC | 564,531 | ||||
204 | Coca-Cola HBC AG | 6,203 | ||||
10,286 | Danone SA | 853,324 | ||||
3,128 | Essity AB | 97,824 | ||||
4,745 | Henkel AG & Co KGaA | 457,116 | ||||
71 | Henkel AG & Co KGaA | 7,381 | ||||
2,671 | ICA Gruppen AB | 118,381 | ||||
81,188 | J Sainsbury PLC | 213,792 | ||||
2,290 | Jeronimo Martins SGPS SA | 38,438 | ||||
58 | Kerry Group PLC | 7,014 | ||||
2,308 | Lawson Inc | 127,671 | ||||
4,004 | L'Oreal SA | 1,169,477 | ||||
3,295 | METRO AG | 53,671 | ||||
13,539 | Mowi ASA | 330,615 | ||||
21,100 | Nestle SA | 2,252,092 | ||||
22,833 | Orkla ASA | 219,695 | ||||
6,415 | Suntory Beverage & Food Ltd | 274,153 | ||||
1,427 | Unilever NV | 84,298 | ||||
13,411 | Unilever PLC | 802,181 | ||||
Total Consumer Staples | 8,095,884 | |||||
Energy – 2.1% | ||||||
11,541 | Caltex Australia Ltd | 216,828 | ||||
31,922 | John Wood Group PLC | 139,742 | ||||
3,245 | Koninklijke Vopak NV | 178,082 | ||||
19,577 | Neste Oyj | 706,777 | ||||
15,589 | Worley Ltd | 146,709 | ||||
Total Energy | 1,388,138 | |||||
Financials – 18.7% | ||||||
36,179 | 3i Group PLC | 528,080 | ||||
1,790 | Aegon NV | 7,740 | ||||
2,057 | Allianz SE | 502,581 | ||||
19,890 | Assicurazioni Generali SpA | 403,308 | ||||
144 | ASX Ltd | 8,167 | ||||
50,053 | Australia & New Zealand Banking Group Ltd | 922,103 | ||||
160,547 | Aviva PLC | 862,569 | ||||
282 | AXA SA | 7,452 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
156,606 | Banco Bilbao Vizcaya Argentaria SA | $825,191 | ||||
43,776 | Bank Hapoalim BM | 350,228 | ||||
1,002 | Bank Leumi Le-Israel BM | 7,297 | ||||
1,165 | Bankinter SA, (2) | 8,058 | ||||
932 | Bendigo & Adelaide Bank Ltd | 6,838 | ||||
169 | BNP Paribas SA | 8,826 | ||||
171,436 | BOC Hong Kong Holdings Ltd | 590,578 | ||||
5,284 | CaixaBank SA | 15,121 | ||||
7,587 | CNP Assurances | 150,498 | ||||
1,236 | Commerzbank AG | 7,395 | ||||
644 | Credit Agricole SA | 8,395 | ||||
46,420 | DBS Group Holdings Ltd | 886,822 | ||||
204 | Erste Group Bank AG | 7,208 | ||||
11,895 | Hang Seng Bank Ltd | 248,594 | ||||
10,344 | Hong Kong Exchanges & Clearing Ltd | 323,345 | ||||
656 | ING Groep NV | 7,412 | ||||
45,652 | Insurance Australia Group Ltd | 249,728 | ||||
192,376 | Intesa Sanpaolo SpA | 482,046 | ||||
15,676 | Investec PLC | 88,766 | ||||
176 | Julius Baer Group Ltd | 7,762 | ||||
108 | KBC Group NV | 7,576 | ||||
239 | Kinnevik AB | 6,547 | ||||
2,726 | Legal & General Group PLC | 9,302 | ||||
81 | London Stock Exchange Group PLC | 7,289 | ||||
10,995 | M&G PLC | 30,418 | ||||
1,242 | Mitsubishi UFJ Lease & Finance Co Ltd | 7,686 | ||||
286 | Mizrahi Tefahot Bank Ltd | 7,094 | ||||
225 | MS&AD Insurance Group Holdings Inc | 7,303 | ||||
32 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 8,890 | ||||
17,820 | Natixis SA | 81,730 | ||||
32,975 | ORIX Corp | 520,530 | ||||
10,995 | Prudential PLC, (2) | 191,858 | ||||
815 | QBE Insurance Group Ltd | 7,075 | ||||
30,639 | Resona Holdings Inc | 134,652 | ||||
1,117 | RSA Insurance Group PLC | 7,548 | ||||
175 | Schroders PLC | 7,009 | ||||
1,293 | Singapore Exchange Ltd | 8,494 | ||||
2,605 | Skandinaviska Enskilda Banken AB | 25,016 | ||||
519 | Sompo Holdings Inc | 20,519 | ||||
100,645 | Standard Chartered PLC | 912,945 | ||||
2,247 | Standard Life Aberdeen PLC | 8,825 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
15,152 | Sumitomo Mitsui Trust Holdings Inc | $557,276 | ||||
4,411 | Swiss Re AG | 461,775 | ||||
739 | T&D Holdings Inc | 8,340 | ||||
11,471 | Tokio Marine Holdings Inc | 622,652 | ||||
232 | Tryg A/S | 6,483 | ||||
16,296 | UBS Group AG | 192,233 | ||||
31 | Wendel SA | 4,392 | ||||
56,360 | Westpac Banking Corp | 1,095,372 | ||||
22 | Zurich Insurance Group AG | 8,595 | ||||
Total Financials | 12,497,532 | |||||
Health Care – 9.6% | ||||||
2,435 | Alcon Inc, (2) | 143,768 | ||||
40,775 | Astellas Pharma Inc | 700,988 | ||||
14,712 | AstraZeneca PLC | 1,427,990 | ||||
4,029 | Chugai Pharmaceutical Co Ltd | 341,014 | ||||
46 | Cochlear Ltd | 6,704 | ||||
56 | Coloplast A/S | 6,751 | ||||
710 | CSL Ltd | 125,238 | ||||
216 | Demant A/S, (2) | 5,704 | ||||
11,660 | Eisai Co Ltd | 850,677 | ||||
31 | Genmab A/S, (2) | 6,760 | ||||
1,785 | H Lundbeck A/S | 60,917 | ||||
65 | Merck KGaA | 7,752 | ||||
4,332 | NMC Health PLC | 122,370 | ||||
131 | Novo Nordisk A/S | 7,158 | ||||
186 | Orion Oyj | 8,247 | ||||
1,845 | Ramsay Health Care Ltd | 87,059 | ||||
5,995 | Roche Holding AG | 1,803,209 | ||||
700 | Ryman Healthcare Ltd | 5,795 | ||||
454 | Santen Pharmaceutical Co Ltd | 8,084 | ||||
728 | Sartorius AG | 141,484 | ||||
117 | Shionogi & Co Ltd | 7,054 | ||||
296 | Smith & Nephew PLC | 6,329 | ||||
371 | Sonic Healthcare Ltd | 7,295 | ||||
29 | Sonova Holding AG | 6,642 | ||||
8 | Straumann Holding AG | 7,133 | ||||
7,171 | Sumitomo Dainippon Pharma Co Ltd | 126,167 | ||||
3,022 | Sysmex Corp | 198,112 | ||||
89 | UCB SA | 7,175 | ||||
1,152 | Vifor Pharma AG | 181,016 | ||||
Total Health Care | 6,414,592 |
Shares | Description (1) | Value | ||||
Industrials – 18.3% | ||||||
17,329 | ABB Ltd | $363,351 | ||||
1,366 | Aeroports de Paris | 259,686 | ||||
415 | Alfa Laval AB | 9,610 | ||||
7,131 | Alstom SA | 308,283 | ||||
2,834 | ANDRITZ AG | 127,355 | ||||
265 | Ashtead Group PLC | 8,052 | ||||
12,056 | Assa Abloy AB | 286,562 | ||||
257 | Atlas Copco AB | 9,099 | ||||
178 | Bouygues SA | 7,546 | ||||
2,045 | Brambles Ltd | 16,865 | ||||
317 | Bureau Veritas SA | 8,095 | ||||
22,433 | Cie de Saint-Gobain | 912,748 | ||||
46,442 | CNH Industrial NV | 505,073 | ||||
142 | Daifuku Co Ltd | 7,632 | ||||
2,713 | Daikin Industries Ltd | 382,212 | ||||
78 | DCC PLC | 7,303 | ||||
12,403 | Deutsche Post AG | 439,338 | ||||
137 | Edenred | 7,214 | ||||
39 | Eiffage SA | 4,191 | ||||
2,745 | Ferguson PLC | 233,937 | ||||
22,390 | Ferrovial SA | 660,955 | ||||
87 | Fraport AG Frankfurt Airport Services Worldwide | 7,274 | ||||
12,358 | Getlink SE | 206,946 | ||||
58 | HOCHTIEF AG | 7,234 | ||||
251 | ISS A/S | 6,572 | ||||
617 | Kajima Corp | 8,538 | ||||
6,487 | Kawasaki Heavy Industries Ltd | 157,397 | ||||
118 | Keio Corp | 7,324 | ||||
130 | Kingspan Group PLC | 6,738 | ||||
139 | KION Group AG | 9,239 | ||||
2,116 | Komatsu Ltd | 50,089 | ||||
39,962 | Kubota Corp | 640,250 | ||||
55 | Kuehne + Nagel International AG | 8,882 | ||||
111 | Legrand SA | 8,666 | ||||
35,479 | Meggitt PLC | 286,661 | ||||
157 | Metso OYJ | 5,934 | ||||
569 | Mitsubishi Electric Corp | 8,193 | ||||
70,903 | MTR Corp Ltd | 407,088 | ||||
2,377 | MTU Aero Engines AG | 634,865 | ||||
255 | Nabtesco Corp | 8,256 | ||||
259 | Nagoya Railroad Co Ltd | 8,266 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
330 | NGK Insulators Ltd | $5,110 | ||||
130 | Nippon Express Co Ltd | 7,468 | ||||
671 | Obayashi Corp | 6,952 | ||||
275 | Odakyu Electric Railway Co Ltd | 6,723 | ||||
132 | Randstad NV | 7,310 | ||||
9,017 | Recruit Holdings Co Ltd | 301,192 | ||||
37,778 | RELX PLC | 908,278 | ||||
1,217 | Rentokil Initial PLC | 7,158 | ||||
643 | Sandvik AB | 11,369 | ||||
11,963 | Schneider Electric SE | 1,111,231 | ||||
480 | SEEK Ltd | 7,500 | ||||
3 | SGS SA | 7,807 | ||||
809 | Shimizu Corp | 7,588 | ||||
10,801 | Siemens AG | 1,245,743 | ||||
283 | Skanska AB | 6,036 | ||||
491 | SKF AB | 8,896 | ||||
365 | Smiths Group PLC | 7,621 | ||||
101 | Societe BIC SA | 7,014 | ||||
69 | Spirax-Sarco Engineering PLC | 7,076 | ||||
1,235 | Sydney Airport | 7,471 | ||||
212 | Taisei Corp | 8,433 | ||||
62,593 | Techtronic Industries Co Ltd | 491,148 | ||||
32 | Teleperformance | 7,254 | ||||
87,631 | Transurban Group | 895,941 | ||||
79 | Vestas Wind Systems A/S | 6,452 | ||||
6,394 | Volvo AB | 95,834 | ||||
564 | Wartsila OYJ Abp | 5,954 | ||||
Total Industrials | 12,246,078 | |||||
Information Technology – 4.4% | ||||||
3,233 | Amadeus IT Group SA | 239,281 | ||||
3,117 | ASML Holding NV | 817,208 | ||||
477 | Atos SE | 36,943 | ||||
54 | Capgemini SE | 6,082 | ||||
46 | Dassault Systemes SE | 6,982 | ||||
82 | Fujitsu Ltd | 7,298 | ||||
120 | Hitachi High-Technologies Corp | 7,504 | ||||
457 | Infineon Technologies AG | 8,860 | ||||
2,738 | Ingenico Group SA | 292,452 | ||||
4,808 | Murata Manufacturing Co Ltd | 260,758 | ||||
1,301 | Nokia OYJ | 4,780 | ||||
138 | Omron Corp | 8,170 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
7,054 | SAP SE | $934,932 | ||||
280 | Shimadzu Corp | 7,558 | ||||
12,603 | STMicroelectronics NV | 285,991 | ||||
39 | Temenos AG | 5,563 | ||||
38 | Wixcom Ltd, (2) | 4,639 | ||||
200 | Yaskawa Electric Corp | 7,733 | ||||
342 | Yokogawa Electric Corp | 6,318 | ||||
Total Information Technology | 2,949,052 | |||||
Materials – 7.9% | ||||||
47 | Akzo Nobel NV | 4,329 | ||||
83 | Arkema SA | 8,486 | ||||
24,491 | Asahi Kasei Corp | 274,463 | ||||
12,697 | Boliden AB | 342,192 | ||||
3,026 | Chr Hansen Holding A/S | 232,387 | ||||
328 | Clariant AG | 6,718 | ||||
6,521 | Covestro AG | 313,195 | ||||
862 | Daicel Corp | 7,782 | ||||
22,940 | Fletcher Building Ltd | 67,378 | ||||
64,232 | Fortescue Metals Group Ltd | 394,291 | ||||
78 | Givaudan SA | 229,000 | ||||
1,556 | Hitachi Chemical Co Ltd | 51,600 | ||||
9,863 | Hitachi Metals Ltd | 124,810 | ||||
196 | Johnson Matthey PLC | 7,786 | ||||
319 | Kansai Paint Co Ltd | 7,746 | ||||
4,863 | Koninklijke DSM NV | 576,449 | ||||
58,836 | Mitsubishi Chemical Holdings Corp | 452,053 | ||||
4,706 | Nitto Denko Corp | 262,932 | ||||
138 | Novozymes A/S | 6,501 | ||||
6,188 | Showa Denko KK | 176,015 | ||||
1,474 | Sika AG | 253,198 | ||||
965 | Smurfit Kappa Group PLC | 32,191 | ||||
68,750 | Sumitomo Chemical Co Ltd | 317,342 | ||||
10,787 | Sumitomo Metal Mining Co Ltd | 364,805 | ||||
77 | Symrise AG | 7,412 | ||||
275 | Teijin Ltd | 5,551 | ||||
49,954 | Toray Industries Inc | 356,131 | ||||
9,135 | Umicore SA | 376,778 | ||||
Total Materials | 5,259,521 | |||||
Real Estate – 3.6% | ||||||
41,377 | British Land Co PLC | 332,281 | ||||
5,225 | CapitaLand Commercial Trust | 7,870 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
1,040 | City Developments Ltd | $8,245 | ||||
76 | Covivio | 8,606 | ||||
7,511 | Daiwa House Industry Co Ltd | 259,503 | ||||
9,712 | Deutsche Wohnen SE | 365,363 | ||||
784 | Dexus | 6,465 | ||||
44 | Gecina SA | 7,550 | ||||
680 | Goodman Group | 6,741 | ||||
1,537 | GPT Group | 6,301 | ||||
685 | Hulic Co Ltd | 7,483 | ||||
83 | ICADE | 8,130 | ||||
236 | Klepierre SA | 8,791 | ||||
10,016 | Land Securities Group PLC | 121,831 | ||||
11,570 | Lendlease Group | 148,981 | ||||
2,287 | Mirvac Group | 5,058 | ||||
418 | Mitsubishi Estate Co Ltd | 8,149 | ||||
313 | Mitsui Fudosan Co Ltd | 8,052 | ||||
3 | Nippon Prologis REIT Inc | 8,381 | ||||
255 | Nomura Real Estate Holdings Inc | 6,072 | ||||
28 | Nomura Real Estate Holdings Inc | 53,485 | ||||
819 | Segro PLC | 8,947 | ||||
2,560 | Stockland | 8,624 | ||||
54,100 | Swire Properties Ltd | 170,493 | ||||
91 | Swiss Prime Site AG | 9,370 | ||||
5,330 | Unibail-Rodamco-Westfield | 824,470 | ||||
Total Real Estate | 2,415,242 | |||||
Utilities – 3.6% | ||||||
29,429 | Meridian Energy Ltd | 86,815 | ||||
89,129 | National Grid PLC | 1,039,496 | ||||
8,419 | Orsted A/S | 738,844 | ||||
2,028 | Red Electrica Corp SA | 40,839 | ||||
30,629 | United Utilities Group PLC | 344,894 | ||||
3,130 | Verbund AG | 169,361 | ||||
Total Utilities | 2,420,249 | |||||
Total Long-Term Investments (cost $62,848,161) | 66,612,144 | |||||
Other Assets Less Liabilities – 0.4% | 240,488 | |||||
Net Assets – 100% | $66,852,632 |
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. | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 9.9% | ||||||
96 | Alphabet Inc., Class A, (2) | $120,845 | ||||
181 | Alphabet Inc., Class C, (2) | 228,080 | ||||
77 | CenturyLink Inc | 996 | ||||
707 | Discovery Inc, Class C, (2) | 17,845 | ||||
581 | Liberty Global PLC, Class A, (2) | 14,612 | ||||
1,546 | Liberty Global PLC, Class C, (2) | 36,903 | ||||
690 | Omnicom Group Inc | 53,261 | ||||
6 | Take-Two Interactive Software Inc. | 722 | ||||
336 | TripAdvisor Inc | 13,574 | ||||
2,927 | Verizon Communications Inc | 176,996 | ||||
1,290 | Walt Disney Co | 167,597 | ||||
Total Communication Services | 831,431 | |||||
Consumer Discretionary – 11.4% | ||||||
12 | Best Buy Co Inc. | 862 | ||||
65 | Booking Holdings Inc, (2) | 133,170 | ||||
19 | BorgWarner Inc | 792 | ||||
24 | Capri Holdings Ltd | 746 | ||||
174 | CarMax Inc | 16,212 | ||||
52 | Chipotle Mexican Grill Inc | 40,464 | ||||
330 | Darden Restaurants Inc | 37,049 | ||||
1,055 | eBay Inc | 37,189 | ||||
36 | Expedia Group Inc. | 4,920 | ||||
40 | Gap Inc | 650 | ||||
6 | Genuine Parts Co | 615 | ||||
832 | Home Depot Inc | 195,170 | ||||
706 | Lowe's Cos Inc | 78,797 | ||||
70 | Lululemon Athletica Inc | 14,299 | ||||
24 | Macy's Inc | 364 | ||||
107 | MercadoLibre Inc | 55,803 | ||||
12 | Mohawk Industries Inc | 1,721 | ||||
1,261 | Newell Brands Inc. | 23,921 | ||||
810 | NIKE Inc, Class B | 72,535 | ||||
4 | Nordstrom Inc | 144 | ||||
360 | PulteGroup Inc | 14,126 | ||||
167 | Royal Caribbean Cruises Ltd | 18,175 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
388 | Starbucks Corp | $32,809 | ||||
233 | Target Corp | 24,910 | ||||
353 | Tesla Inc, (2) | 111,167 | ||||
30 | TJX Cos Inc | 1,729 | ||||
23 | Ulta Beauty Inc, (2) | 5,362 | ||||
84 | Vail Resorts Inc | 19,519 | ||||
191 | Wayfair Inc, Class A, (2) | 15,706 | ||||
Total Consumer Discretionary | 958,926 | |||||
Consumer Staples – 7.2% | ||||||
3,090 | Coca-Cola Co | 168,189 | ||||
82 | General Mills Inc | 4,171 | ||||
228 | Hormel Foods Corp | 9,323 | ||||
383 | McCormick & Co Inc | 61,544 | ||||
1,188 | PepsiCo Inc | 162,958 | ||||
1,614 | Procter & Gamble Co | 200,959 | ||||
Total Consumer Staples | 607,144 | |||||
Energy – 3.9% | ||||||
1,619 | Baker Hughes Co | 34,647 | ||||
325 | Cheniere Energy Inc, (2) | 20,004 | ||||
84 | Helmerich & Payne Inc | 3,150 | ||||
510 | HollyFrontier Corp | 28,019 | ||||
1,176 | National Oilwell Varco Inc | 26,601 | ||||
1,276 | ONEOK Inc | 89,103 | ||||
12 | TechnipFMC PLC | 237 | ||||
1,273 | Valero Energy Corp | 123,455 | ||||
Total Energy | 325,216 | |||||
Financials – 12.6% | ||||||
732 | American Express Co | 85,849 | ||||
1,696 | American International Group Inc | 89,820 | ||||
198 | AXA Equitable Holdings Inc | 4,277 | ||||
1,992 | Bank of New York Mellon Corp | 93,126 | ||||
2,255 | BB&T Corp | 119,628 | ||||
185 | BlackRock Inc | 85,414 | ||||
43 | Capital One Financial Corp | 4,010 | ||||
18 | Charles Schwab Corp | 733 | ||||
588 | Chubb Ltd | 89,623 | ||||
2,322 | Citigroup Inc. | 166,859 | ||||
269 | CME Group Inc | 55,347 | ||||
2,280 | Huntington Bancshares Inc/OH | 32,216 | ||||
3,137 | KeyCorp | 56,372 | ||||
1,174 | Marsh & McLennan Cos Inc. | 121,650 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
4 | Moody's Corp | $883 | ||||
748 | Progressive Corp | 52,135 | ||||
2 | S&P Global Inc | 516 | ||||
Total Financials | 1,058,458 | |||||
Health Care – 13.3% | ||||||
1,103 | AbbVie Inc. | 87,744 | ||||
142 | ABIOMED Inc | 29,476 | ||||
239 | Align Technology Inc | 60,297 | ||||
394 | Amgen Inc | 84,021 | ||||
5 | Biogen Inc, (2) | 1,494 | ||||
749 | Bristol-Myers Squibb Co | 42,970 | ||||
312 | Cardinal Health Inc | 15,428 | ||||
18 | Centene Corp, (2) | 955 | ||||
282 | Cerner Corp | 18,928 | ||||
468 | Cigna Corp | 83,519 | ||||
1 | Cooper Cos Inc | 291 | ||||
2,071 | CVS Health Corp | 137,494 | ||||
144 | DENTSPLY SIRONA Inc | 7,888 | ||||
232 | DexCom Inc | 35,784 | ||||
353 | Edwards Lifesciences Corp | 84,148 | ||||
325 | Eli Lilly & Co | 37,034 | ||||
445 | Gilead Sciences Inc. | 28,351 | ||||
2 | IDEXX Laboratories Inc, (2) | 570 | ||||
13 | IQVIA Holdings Inc, (2) | 1,877 | ||||
1,873 | Merck & Co Inc | 162,314 | ||||
534 | Nektar Therapeutics | 9,145 | ||||
43 | ResMed Inc | 6,361 | ||||
484 | Thermo Fisher Scientific Inc | 146,158 | ||||
133 | Vertex Pharmaceuticals Inc, (2) | 25,999 | ||||
108 | Zoetis Inc | 13,815 | ||||
Total Health Care | 1,122,061 | |||||
Industrials – 8.9% | ||||||
643 | 3M Co | 106,089 | ||||
1 | AMERCO | 405 | ||||
258 | Caterpillar Inc. | 35,552 | ||||
149 | Copart Inc | 12,313 | ||||
1,498 | CSX Corp | 105,264 | ||||
12 | Deere & Co | 2,090 | ||||
108 | Eaton Corp PLC | 9,408 | ||||
132 | HEICO Corp | 16,281 | ||||
245 | HEICO Corp, Class A | 23,341 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
305 | IHS Markit Ltd, (2) | $21,356 | ||||
30 | Ingersoll-Rand PLC | 3,807 | ||||
1,332 | Johnson Controls International plc | 57,716 | ||||
1,099 | Nielsen Holdings PLC | 22,156 | ||||
5 | Owens Corning | 306 | ||||
400 | Parker-Hannifin Corp | 73,396 | ||||
370 | Rockwell Automation Inc | 63,636 | ||||
6 | Roper Technologies Inc | 2,022 | ||||
221 | Southwest Airlines Co | 12,405 | ||||
324 | Spirit AeroSystems Holdings Inc, Class A | 26,510 | ||||
150 | TransDigm Group Inc | 78,942 | ||||
402 | United Parcel Service Inc, Class B | 46,298 | ||||
204 | United Rentals Inc | 27,248 | ||||
6 | WABCO Holdings Inc | 808 | ||||
Total Industrials | 747,349 | |||||
Information Technology – 22.0% | ||||||
718 | Accenture PLC, Class A | 133,132 | ||||
496 | Adobe Inc, (2) | 137,853 | ||||
1,066 | Applied Materials Inc | 57,841 | ||||
538 | Automatic Data Processing Inc | 87,280 | ||||
425 | FLIR Systems Inc | 21,913 | ||||
4,207 | Hewlett Packard Enterprise Co | 69,037 | ||||
991 | International Business Machines Corp | 132,526 | ||||
592 | Keysight Technologies Inc, (2) | 59,739 | ||||
2 | Mastercard Inc, Class A | 554 | ||||
827 | Maxim Integrated Products Inc | 48,512 | ||||
3,019 | Microsoft Corp | 432,834 | ||||
839 | NVIDIA Corp | 168,656 | ||||
670 | salesforce.com Inc, (2) | 104,848 | ||||
1,057 | TE Connectivity Ltd | 94,601 | ||||
1,111 | Texas Instruments Inc | 131,087 | ||||
791 | Trimble Inc | 31,513 | ||||
772 | Visa Inc, Class A | 138,080 | ||||
Total Information Technology | 1,850,006 | |||||
Materials – 3.8% | ||||||
49 | Amcor PLC | 467 | ||||
198 | Axalta Coating Systems Ltd | 5,839 | ||||
521 | Ball Corp | 36,454 | ||||
563 | Ecolab Inc | 108,135 | ||||
245 | International Flavors & Fragrances Inc | 29,892 | ||||
887 | Mosaic Co | 17,634 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
424 | Newmont Goldcorp Corp | $16,846 | ||||
737 | PPG Industries Inc | 92,213 | ||||
319 | Steel Dynamics Inc. | 9,685 | ||||
Total Materials | 317,165 | |||||
Real Estate – 3.7% | ||||||
576 | American Tower Corp | 125,614 | ||||
24 | CBRE Group Inc, Class A, (2) | 1,285 | ||||
205 | Equinix Inc | 116,190 | ||||
6 | Equity Residential | 532 | ||||
24 | Host Hotels & Resorts Inc | 393 | ||||
144 | Jones Lang LaSalle Inc. | 21,099 | ||||
492 | Prologis Inc | 43,178 | ||||
18 | SBA Communications Corp | 4,332 | ||||
Total Real Estate | 312,623 | |||||
Utilities – 3.0% | ||||||
42 | American Water Works Co Inc. | 5,177 | ||||
1,027 | Consolidated Edison Inc | 94,710 | ||||
658 | Eversource Energy | 55,101 | ||||
660 | Sempra Energy | 95,377 | ||||
Total Utilities | 250,365 | |||||
Total Long-Term Investments (cost $7,795,320) | 8,380,744 | |||||
Other Assets Less Liabilities – 0.3% | 22,712 | |||||
Net Assets – 100% | $8,403,456 |
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 – 10.0% | ||||||
3,726 | Activision Blizzard Inc | $208,768 | ||||
2,011 | Alphabet Inc., Class A, (2) | 2,531,447 | ||||
2,621 | Alphabet Inc., Class C, (2) | 3,302,748 | ||||
2,932 | Electronic Arts Inc, (2) | 282,645 | ||||
11,400 | Liberty Global PLC, Class A, (2) | 286,710 | ||||
10,677 | Liberty Global PLC, Class C, (2) | 254,860 | ||||
99,332 | Sirius XM Holdings Inc | 667,511 | ||||
6,924 | Take-Two Interactive Software Inc., (2) | 833,303 | ||||
Total Communication Services | 8,367,992 | |||||
Consumer Discretionary – 17.9% | ||||||
133 | Aptiv PLC | 11,910 | ||||
781 | Booking Holdings Inc, (2) | 1,600,089 | ||||
301 | Capri Holdings Ltd | 9,352 | ||||
95 | CarMax Inc, (2) | 8,851 | ||||
944 | Chipotle Mexican Grill Inc, (2) | 734,583 | ||||
11,916 | eBay Inc | 420,039 | ||||
7,000 | Expedia Group Inc. | 956,620 | ||||
259 | GrubHub Inc, (2) | 8,822 | ||||
1,343 | Hilton Worldwide Holdings Inc | 130,217 | ||||
10,922 | Home Depot Inc | 2,562,083 | ||||
17,127 | LKQ Corp, (2) | 582,147 | ||||
13,898 | Lowe's Cos Inc | 1,551,156 | ||||
516 | Lululemon Athletica Inc, (2) | 105,403 | ||||
1,879 | MercadoLibre Inc | 979,936 | ||||
15,837 | NIKE Inc, Class B | 1,418,203 | ||||
120 | PVH Corp | 10,459 | ||||
17,730 | Starbucks Corp | 1,499,249 | ||||
5,361 | Tesla Inc, (2) | 1,688,286 | ||||
6,876 | TJX Cos Inc | 396,402 | ||||
34 | Ulta Beauty Inc, (2) | 7,927 | ||||
435 | Under Armour Inc, Class A, (2) | 8,983 | ||||
486 | Under Armour Inc, Class C, (2) | 8,991 | ||||
3,664 | Wayfair Inc, Class A, (2) | 301,291 | ||||
Total Consumer Discretionary | 15,000,999 |
Shares | Description (1) | Value | ||||
Consumer Staples – 3.8% | ||||||
99 | Church & Dwight Co Inc | $6,924 | ||||
51 | Clorox Co | 7,532 | ||||
6,329 | Costco Wholesale Corp | 1,880,409 | ||||
5,776 | Estee Lauder Cos Inc | 1,075,896 | ||||
1,294 | McCormick & Co Inc | 207,933 | ||||
Total Consumer Staples | 3,178,694 | |||||
Energy – 1.6% | ||||||
20,464 | Baker Hughes Co | 437,930 | ||||
14,137 | Cheniere Energy Inc, (2) | 870,132 | ||||
Total Energy | 1,308,062 | |||||
Financials – 5.5% | ||||||
6,705 | American Express Co | 786,362 | ||||
1,238 | Charles Schwab Corp | 50,399 | ||||
5,882 | Intercontinental Exchange Inc | 554,790 | ||||
9,275 | Marsh & McLennan Cos Inc. | 961,076 | ||||
308 | Moody's Corp | 67,973 | ||||
11,939 | Progressive Corp | 832,148 | ||||
5,389 | S&P Global Inc | 1,390,308 | ||||
Total Financials | 4,643,056 | |||||
Health Care – 11.5% | ||||||
2,590 | ABIOMED Inc, (2) | 537,632 | ||||
3,393 | Align Technology Inc, (2) | 856,020 | ||||
311 | Alkermes PLC | 6,074 | ||||
503 | Biogen Inc, (2) | 150,251 | ||||
9,586 | Celgene Corp, (2) | 1,035,576 | ||||
7,963 | Centene Corp, (2) | 422,676 | ||||
160 | Cerner Corp | 10,739 | ||||
137 | DaVita Inc, (2) | 8,028 | ||||
5,499 | DexCom Inc, (2) | 848,166 | ||||
3,439 | Edwards Lifesciences Corp, (2) | 819,789 | ||||
3,598 | Eli Lilly & Co | 409,992 | ||||
3,389 | Humana Inc. | 997,044 | ||||
34 | IDEXX Laboratories Inc, (2) | 9,690 | ||||
2,497 | IQVIA Holdings Inc, (2) | 360,617 | ||||
1,905 | Laboratory Corp of America Holdings, (2) | 313,887 | ||||
89 | PerkinElmer Inc | 7,651 | ||||
6,030 | Thermo Fisher Scientific Inc | 1,820,939 | ||||
5,259 | Vertex Pharmaceuticals Inc, (2) | 1,028,029 | ||||
41 | Waters Corp, (2) | 8,676 | ||||
169 | Zoetis Inc | 21,619 | ||||
Total Health Care | 9,673,095 |
Shares | Description (1) | Value | ||||
Industrials – 13.3% | ||||||
81 | Acuity Brands Inc | $10,108 | ||||
79 | Allegion PLC | 9,167 | ||||
174 | AO Smith Corp | 8,644 | ||||
7,999 | Caterpillar Inc. | 1,102,262 | ||||
95 | CH Robinson Worldwide Inc | 7,186 | ||||
1,127 | Copart Inc, (2) | 93,135 | ||||
17,167 | CSX Corp | 1,206,325 | ||||
207 | Flowserve Corp | 10,110 | ||||
607 | Fortive Corp | 41,883 | ||||
160 | Fortune Brands Home & Security Inc | 9,608 | ||||
2,657 | HEICO Corp | 327,714 | ||||
4,688 | HEICO Corp, Class A | 446,626 | ||||
50 | IDEX Corp | 7,777 | ||||
17,762 | IHS Markit Ltd, (2) | 1,243,695 | ||||
53 | Illinois Tool Works Inc | 8,935 | ||||
7,214 | Ingersoll-Rand PLC | 915,384 | ||||
85 | JB Hunt Transport Services Inc | 9,993 | ||||
37 | Lennox International Inc | 9,152 | ||||
208 | Masco Corp | 9,620 | ||||
77 | Middleby Corp, (2) | 9,313 | ||||
49 | Old Dominion Freight Line Inc | 8,922 | ||||
4,739 | Rockwell Automation Inc | 815,061 | ||||
252 | Rollins Inc | 9,604 | ||||
3,169 | Roper Technologies Inc | 1,067,826 | ||||
183 | Sensata Technologies Holding PLC | 9,368 | ||||
6,376 | Spirit AeroSystems Holdings Inc, Class A | 521,684 | ||||
2,196 | TransDigm Group Inc, (2) | 1,155,711 | ||||
11,529 | TransUnion | 952,526 | ||||
9,417 | United Parcel Service Inc, Class B | 1,084,556 | ||||
55 | Verisk Analytics Inc | 7,959 | ||||
205 | Xylem Inc/NY | 15,721 | ||||
Total Industrials | 11,135,575 | |||||
Information Technology – 30.3% | ||||||
9,114 | Accenture PLC, Class A | 1,689,918 | ||||
6,484 | Adobe Inc, (2) | 1,802,098 | ||||
23,999 | Applied Materials Inc | 1,302,186 | ||||
6,837 | Autodesk Inc., (2) | 1,007,500 | ||||
8,634 | Automatic Data Processing Inc | 1,400,694 | ||||
2,922 | FLIR Systems Inc | 150,658 | ||||
55 | Jack Henry & Associates Inc | 7,786 | ||||
11,609 | Keysight Technologies Inc, (2) | 1,171,464 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
9,214 | Mastercard Inc, Class A | $2,550,528 | ||||
52,275 | Microsoft Corp | 7,494,667 | ||||
10,186 | NVIDIA Corp | 2,047,590 | ||||
12,047 | salesforce.com Inc, (2) | 1,885,235 | ||||
653 | ServiceNow Inc, (2) | 161,461 | ||||
13,980 | Texas Instruments Inc | 1,649,500 | ||||
15,536 | Trimble Inc, (2) | 618,954 | ||||
2,653 | VMware Inc, Class A, (2) | 419,890 | ||||
Total Information Technology | 25,360,129 | |||||
Materials – 3.0% | ||||||
13,024 | Axalta Coating Systems Ltd | 384,078 | ||||
4,226 | Ball Corp | 295,693 | ||||
6,418 | Ecolab Inc | 1,232,705 | ||||
5,108 | PPG Industries Inc | 639,113 | ||||
Total Materials | 2,551,589 | |||||
Real Estate – 2.9% | ||||||
7,123 | American Tower Corp | 1,553,384 | ||||
1,493 | Equinix Inc | 846,202 | ||||
Total Real Estate | 2,399,586 | |||||
Total Long-Term Investments (cost $78,747,108) | 83,618,777 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$140 | Federal Home Loan Banks, Discount Notes | 0.000% | 11/01/19 | N/R | $140,000 | |
Total Short-Term Investments (cost $140,000) | 140,000 | |||||
Total Investments (cost $78,887,108) – 100.0% | 83,758,777 | |||||
Other Assets Less Liabilities – 0.0% | 30,453 | |||||
Net Assets – 100% | $83,789,230 |
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. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 8.6% | ||||||
9,053 | Activision Blizzard Inc | $507,240 | ||||
70,234 | CenturyLink Inc | 908,828 | ||||
9,703 | Discovery Inc, Class C, (2) | 244,904 | ||||
23,077 | Liberty Global PLC, Class C, (2) | 550,848 | ||||
2,763 | Omnicom Group Inc | 213,276 | ||||
258 | TripAdvisor Inc, (2) | 10,423 | ||||
49,055 | Verizon Communications Inc | 2,966,356 | ||||
21,081 | Walt Disney Co | 2,738,843 | ||||
Total Communication Services | 8,140,718 | |||||
Consumer Discretionary – 3.9% | ||||||
6,045 | Aptiv PLC | 541,330 | ||||
479 | Autoliv Inc | 37,285 | ||||
127 | Best Buy Co Inc. | 9,122 | ||||
289 | BorgWarner Inc | 12,046 | ||||
1,537 | Darden Restaurants Inc | 172,559 | ||||
579 | Gap Inc | 9,415 | ||||
1,811 | Garmin Ltd | 169,781 | ||||
113 | Genuine Parts Co | 11,592 | ||||
653 | Hanesbrands Inc | 9,932 | ||||
137 | Hasbro Inc | 13,331 | ||||
480 | L Brands Inc | 8,179 | ||||
237 | Leggett & Platt Inc | 12,158 | ||||
183 | Lennar Corp, Class A | 10,907 | ||||
682 | Macy's Inc | 10,339 | ||||
1,307 | Newell Brands Inc. | 24,794 | ||||
350 | Nordstrom Inc | 12,565 | ||||
218 | Norwegian Cruise Line Holdings Ltd | 11,066 | ||||
94 | Roku Inc, (2) | 13,837 | ||||
6,214 | Royal Caribbean Cruises Ltd | 676,270 | ||||
465 | Tapestry Inc | 12,025 | ||||
16,009 | Target Corp | 1,711,522 | ||||
114 | Tiffany & Co | 14,194 | ||||
2,453 | VF Corp | 201,857 | ||||
Total Consumer Discretionary | 3,706,106 |
Shares | Description (1) | Value | ||||
Consumer Staples – 12.5% | ||||||
10,134 | Bunge Ltd | $547,236 | ||||
219 | Campbell Soup Co | 10,142 | ||||
49,330 | Coca-Cola Co | 2,685,032 | ||||
8,748 | Colgate-Palmolive Co | 600,113 | ||||
24,394 | General Mills Inc | 1,240,679 | ||||
303 | Hormel Foods Corp | 12,390 | ||||
5,274 | Kellogg Co | 335,057 | ||||
901 | Kimberly-Clark Corp | 119,725 | ||||
2,257 | McCormick & Co Inc | 362,677 | ||||
18,406 | PepsiCo Inc | 2,524,751 | ||||
27,292 | Procter & Gamble Co | 3,398,127 | ||||
Total Consumer Staples | 11,835,929 | |||||
Energy – 5.6% | ||||||
12,901 | Baker Hughes Co | 276,081 | ||||
7,855 | Helmerich & Payne Inc | 294,563 | ||||
11,647 | HollyFrontier Corp | 639,886 | ||||
27,663 | National Oilwell Varco Inc | 625,737 | ||||
19,006 | ONEOK Inc | 1,327,189 | ||||
2,574 | Targa Resources Corp | 100,077 | ||||
16,401 | TechnipFMC PLC | 323,592 | ||||
17,232 | Valero Energy Corp | 1,671,159 | ||||
Total Energy | 5,258,284 | |||||
Financials – 22.0% | ||||||
111 | Affiliated Managers Group Inc | 8,867 | ||||
2,416 | Allstate Corp | 257,111 | ||||
26,569 | American International Group Inc | 1,407,094 | ||||
78 | Ameriprise Financial Inc | 11,769 | ||||
231 | Arch Capital Group Ltd | 9,647 | ||||
123 | Arthur J Gallagher & Co | 11,220 | ||||
70 | Assurant Inc | 8,825 | ||||
30,661 | Bank of New York Mellon Corp | 1,433,402 | ||||
29,497 | BB&T Corp | 1,564,816 | ||||
3,339 | BlackRock Inc | 1,541,616 | ||||
14,959 | Capital One Financial Corp | 1,394,927 | ||||
10,377 | Chubb Ltd | 1,581,662 | ||||
34,383 | Citigroup Inc. | 2,470,762 | ||||
311 | Citizens Financial Group Inc | 10,935 | ||||
3,536 | CME Group Inc | 727,532 | ||||
142 | Comerica Inc | 9,290 | ||||
249 | East West Bancorp Inc. | 10,687 | ||||
316 | Fifth Third Bancorp | 9,189 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
322 | Franklin Resources Inc | $8,871 | ||||
107 | Globe Life Inc | 10,414 | ||||
159 | Hartford Financial Services Group Inc. | 9,076 | ||||
62,989 | Huntington Bancshares Inc/OH | 890,035 | ||||
604 | Invesco Ltd | 10,159 | ||||
72,229 | KeyCorp | 1,297,955 | ||||
163 | Lincoln National Corp | 9,206 | ||||
11,820 | Loews Corp | 579,180 | ||||
67 | M&T Bank Corp | 10,487 | ||||
13,661 | Marsh & McLennan Cos Inc. | 1,415,553 | ||||
18,738 | Morgan Stanley | 862,885 | ||||
106 | Nasdaq Inc. | 10,576 | ||||
103 | Northern Trust Corp | 10,267 | ||||
615 | People's United Financial Inc | 9,945 | ||||
169 | Principal Financial Group Inc | 9,021 | ||||
707 | Regions Financial Corp | 11,383 | ||||
60 | Reinsurance Group of America Inc | 9,748 | ||||
101 | Signature Bank/New York NY | 11,950 | ||||
166 | State Street Corp | 10,968 | ||||
77 | T Rowe Price Group Inc | 8,917 | ||||
9,359 | Travelers Cos Inc | 1,226,590 | ||||
32,103 | US Bancorp | 1,830,513 | ||||
182 | Voya Financial Inc. | 9,821 | ||||
55 | Willis Towers Watson PLC | 10,279 | ||||
190 | Zions Bancorp NA | 9,209 | ||||
Total Financials | 20,752,359 | |||||
Health Care – 14.9% | ||||||
18,058 | AbbVie Inc. | 1,436,514 | ||||
126 | Agilent Technologies Inc | 9,544 | ||||
1,274 | Amgen Inc | 271,680 | ||||
30,955 | Bristol-Myers Squibb Co | 1,775,888 | ||||
17,272 | Cardinal Health Inc | 854,100 | ||||
226 | Centene Corp, (2) | 11,996 | ||||
3,553 | Cigna Corp | 634,068 | ||||
27,873 | CVS Health Corp | 1,850,488 | ||||
10,268 | Danaher Corp | 1,415,136 | ||||
16,738 | DENTSPLY SIRONA Inc | 916,908 | ||||
379 | Elanco Animal Health Inc, (2) | 10,241 | ||||
8,451 | Eli Lilly & Co | 962,991 | ||||
13,100 | Gilead Sciences Inc. | 834,601 | ||||
177 | Henry Schein Inc, (2) | 11,078 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
6,672 | Hologic Inc, (2) | $322,324 | ||||
68 | IQVIA Holdings Inc, (2) | 9,821 | ||||
63 | Jazz Pharmaceuticals PLC, (2) | 7,915 | ||||
31,540 | Merck & Co Inc | 2,733,256 | ||||
179 | Perrigo Co PLC | 9,491 | ||||
83 | Quest Diagnostics Inc | 8,404 | ||||
80 | STERIS PLC | 11,326 | ||||
Total Health Care | 14,097,770 | |||||
Industrials – 5.9% | ||||||
11,099 | 3M Co | 1,831,224 | ||||
37 | AMERCO | 14,986 | ||||
8,648 | Caterpillar Inc. | 1,191,694 | ||||
1,972 | CH Robinson Worldwide Inc | 149,162 | ||||
4,063 | Eaton Corp PLC | 353,928 | ||||
240 | Flowserve Corp | 11,722 | ||||
31,669 | Johnson Controls International plc | 1,372,218 | ||||
105 | ManpowerGroup Inc | 9,547 | ||||
8,160 | Nielsen Holdings PLC | 164,506 | ||||
170 | Owens Corning | 10,418 | ||||
137 | PACCAR Inc | 10,420 | ||||
2,018 | Parker-Hannifin Corp | 370,283 | ||||
243 | Pentair PLC | 10,077 | ||||
56 | Rockwell Automation Inc | 9,631 | ||||
23 | Roper Technologies Inc | 7,750 | ||||
63 | Stanley Black & Decker Inc. | 9,534 | ||||
98 | United Rentals Inc, (2) | 13,090 | ||||
Total Industrials | 5,540,190 | |||||
Information Technology – 11.5% | ||||||
47,085 | Cisco Systems Inc | 2,237,008 | ||||
228 | FLIR Systems Inc | 11,756 | ||||
76,068 | Hewlett Packard Enterprise Co | 1,248,276 | ||||
61,550 | HP Inc | 1,069,123 | ||||
55,997 | Intel Corp | 3,165,510 | ||||
14,635 | International Business Machines Corp | 1,957,139 | ||||
1,237 | Lam Research Corp | 335,276 | ||||
8,107 | TE Connectivity Ltd | 725,577 | ||||
4,148 | Western Union Co | 103,949 | ||||
Total Information Technology | 10,853,614 | |||||
Materials – 3.6% | ||||||
3,164 | International Flavors & Fragrances Inc | 386,040 | ||||
9,654 | International Paper Co | 421,687 |
Shares | Description (1) | Value | ||||
Materials(continued) | ||||||
19,740 | Mosaic Co | $392,431 | ||||
11,280 | Newmont Goldcorp Corp | 448,154 | ||||
10,990 | PPG Industries Inc | 1,375,069 | ||||
222 | Sealed Air Corp | 9,273 | ||||
13,482 | Steel Dynamics Inc. | 409,313 | ||||
Total Materials | 3,441,967 | |||||
Real Estate – 4.5% | ||||||
844 | Digital Realty Trust Inc. | 107,222 | ||||
16,086 | Equity Residential | 1,426,185 | ||||
470 | HCP Inc | 17,681 | ||||
21,006 | Host Hotels & Resorts Inc | 344,288 | ||||
365 | Iron Mountain Inc | 11,972 | ||||
397 | Jones Lang LaSalle Inc. | 58,168 | ||||
17,929 | Prologis Inc | 1,573,449 | ||||
133 | Regency Centers Corp | 8,943 | ||||
418 | UDR Inc | 21,005 | ||||
2,049 | Ventas Inc | 133,390 | ||||
6,037 | WP Carey Inc | 555,766 | ||||
Total Real Estate | 4,258,069 | |||||
Utilities – 6.8% | ||||||
7,130 | American Water Works Co Inc. | 878,915 | ||||
14,896 | Consolidated Edison Inc | 1,373,709 | ||||
16,147 | Eversource Energy | 1,352,150 | ||||
22,534 | Public Service Enterprise Group Inc. | 1,426,628 | ||||
9,846 | Sempra Energy | 1,422,845 | ||||
Total Utilities | 6,454,247 | |||||
Total Long-Term Investments (cost $89,475,872) | 94,339,253 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$110 | Federal Home Loan Banks, Discount Notes | 0.000% | 11/01/19 | N/R | $110,000 | |
Total Short-Term Investments (cost $110,000) | 110,000 | |||||
Total Investments (cost $89,585,872) – 99.9% | 94,449,253 | |||||
Other Assets Less Liabilities – 0.1% | 120,101 | |||||
Net Assets – 100% | $94,569,354 |
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. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 5.9% | ||||||
500 | Discovery Inc, Class C, (2) | $12,620 | ||||
9,176 | Liberty Broadband Corp, Class C, (2) | 1,083,410 | ||||
57,580 | Snap Inc, Class A, (2) | 867,155 | ||||
7,953 | Take-Two Interactive Software Inc., (2) | 957,144 | ||||
6,056 | TripAdvisor Inc, (2) | 244,662 | ||||
Total Communication Services | 3,164,991 | |||||
Consumer Discretionary – 10.3% | ||||||
3,036 | Advance Auto Parts Inc | 493,289 | ||||
2,892 | Domino's Pizza Inc | 785,525 | ||||
28,090 | LKQ Corp, (2) | 954,779 | ||||
3,707 | Lululemon Athletica Inc, (2) | 757,229 | ||||
14,768 | Norwegian Cruise Line Holdings Ltd | 749,624 | ||||
3,220 | Roku Inc, (2) | 473,984 | ||||
2,209 | Tractor Supply Co | 209,899 | ||||
8,689 | Under Armour Inc, Class A, (2) | 179,428 | ||||
13,147 | Under Armour Inc, Class C, (2) | 243,220 | ||||
7,463 | Wayfair Inc, Class A, (2) | 613,682 | ||||
Total Consumer Discretionary | 5,460,659 | |||||
Consumer Staples – 1.6% | ||||||
546 | Lamb Weston Holdings Inc | 42,610 | ||||
5,177 | McCormick & Co Inc | 831,892 | ||||
Total Consumer Staples | 874,502 | |||||
Energy – 1.8% | ||||||
15,866 | Cheniere Energy Inc, (2) | 976,552 | ||||
Financials – 3.9% | ||||||
1,915 | FactSet Research Systems Inc | 485,491 | ||||
5,492 | First Republic Bank/CA | 584,129 | ||||
1,977 | MarketAxess Holdings Inc | 728,702 | ||||
1,252 | SVB Financial Group, (2) | 277,293 | ||||
Total Financials | 2,075,615 | |||||
Health Care – 18.5% | ||||||
3,712 | Align Technology Inc, (2) | 936,500 | ||||
8,608 | DaVita Inc, (2) | 504,429 | ||||
3,694 | DexCom Inc, (2) | 569,763 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
10,544 | Henry Schein Inc, (2) | $659,896 | ||||
4,555 | IDEXX Laboratories Inc, (2) | 1,298,221 | ||||
4,848 | Laboratory Corp of America Holdings, (2) | 798,805 | ||||
1,607 | Mettler-Toledo International Inc, (2) | 1,132,839 | ||||
10,723 | PerkinElmer Inc | 921,749 | ||||
8,533 | ResMed Inc | 1,262,201 | ||||
4,916 | STERIS PLC | 695,958 | ||||
77 | Varian Medical Systems Inc, (2) | 9,302 | ||||
4,944 | Waters Corp, (2) | 1,046,249 | ||||
Total Health Care | 9,835,912 | |||||
Industrials – 23.0% | ||||||
4,528 | Acuity Brands Inc | 565,049 | ||||
1,797 | Allegion PLC | 208,524 | ||||
8,224 | CH Robinson Worldwide Inc | 622,064 | ||||
4,755 | Cintas Corp | 1,277,526 | ||||
13,878 | Copart Inc, (2) | 1,146,878 | ||||
10,897 | Dover Corp | 1,132,089 | ||||
7,479 | Expeditors International of Washington Inc | 545,518 | ||||
14,414 | Fastenal Co | 518,039 | ||||
895 | Fortune Brands Home & Security Inc | 53,745 | ||||
14,287 | HD Supply Holdings Inc, (2) | 564,908 | ||||
2,505 | Kansas City Southern | 352,654 | ||||
3,328 | Lennox International Inc | 823,214 | ||||
5,744 | Middleby Corp, (2) | 694,737 | ||||
12,018 | Robert Half International Inc | 688,271 | ||||
11,493 | Spirit AeroSystems Holdings Inc, Class A | 940,357 | ||||
2,350 | United Rentals Inc, (2) | 313,890 | ||||
2,486 | WW Grainger Inc | 767,776 | ||||
13,112 | Xylem Inc/NY | 1,005,559 | ||||
Total Industrials | 12,220,798 | |||||
Information Technology – 23.9% | ||||||
11,710 | Akamai Technologies Inc, (2) | 1,012,915 | ||||
2,861 | ANSYS Inc, (2) | 629,849 | ||||
2,369 | Arista Networks Inc, (2) | 579,386 | ||||
8,029 | Broadridge Financial Solutions Inc | 1,005,391 | ||||
9,037 | Cadence Design Systems Inc, (2) | 590,568 | ||||
1,977 | Citrix Systems Inc | 215,216 | ||||
3,483 | Cognex Corp | 179,340 | ||||
16,957 | DocuSign Inc, (2) | 1,122,384 | ||||
12,520 | FLIR Systems Inc | 645,531 | ||||
11,165 | Fortinet Inc, (2) | 910,618 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
4,095 | Jack Henry & Associates Inc | $579,688 | ||||
10,802 | Keysight Technologies Inc, (2) | 1,090,030 | ||||
10,458 | Maxim Integrated Products Inc | 613,466 | ||||
2,523 | Okta Inc, (2) | 275,184 | ||||
11,674 | ON Semiconductor Corp, (2) | 238,150 | ||||
3,130 | Paycom Software Inc, (2) | 662,089 | ||||
10,216 | PTC Inc, (2) | 683,553 | ||||
1,271 | Skyworks Solutions Inc | 115,737 | ||||
19,330 | Trimble Inc, (2) | 770,107 | ||||
7,073 | Twilio Inc, Class A, (2) | 682,969 | ||||
523 | Zebra Technologies Corp, Class A, (2) | 124,406 | ||||
Total Information Technology | 12,726,577 | |||||
Materials – 5.7% | ||||||
107,641 | Amcor PLC | 1,024,743 | ||||
3,308 | Avery Dennison Corp | 422,961 | ||||
15,268 | Axalta Coating Systems Ltd | 450,253 | ||||
16,461 | Ball Corp | 1,151,776 | ||||
Total Materials | 3,049,733 | |||||
Real Estate – 4.6% | ||||||
20,896 | CBRE Group Inc, Class A, (2) | 1,118,981 | ||||
5,411 | SBA Communications Corp | 1,302,157 | ||||
Total Real Estate | 2,421,138 | |||||
Utilities – 0.7% | ||||||
2,948 | American Water Works Co Inc. | 363,400 | ||||
Total Long-Term Investments (cost $49,704,970) | 53,169,877 | |||||
Other Assets Less Liabilities – 0.1% | 51,752 | |||||
Net Assets – 100% | $53,221,629 |
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 – 3.1% | ||||||
63,980 | CenturyLink Inc | $827,901 | ||||
277 | Discovery Inc, Class A, (2) | 7,466 | ||||
29,769 | Discovery Inc, Class C, (2) | 751,370 | ||||
147 | TripAdvisor Inc, (2) | 5,939 | ||||
4,901 | Viacom Inc, Class B | 105,666 | ||||
Total Communication Services | 1,698,342 | |||||
Consumer Discretionary – 17.4% | ||||||
6,234 | Best Buy Co Inc. | 447,788 | ||||
7,882 | BorgWarner Inc | 328,522 | ||||
6,325 | Gap Inc | 102,844 | ||||
11,998 | Garmin Ltd | 1,124,812 | ||||
11,294 | Genuine Parts Co | 1,158,539 | ||||
20,570 | Hanesbrands Inc | 312,870 | ||||
9,201 | Harley-Davidson Inc | 358,011 | ||||
8,249 | Hasbro Inc | 802,710 | ||||
5,603 | Mohawk Industries Inc, (2) | 803,358 | ||||
45,066 | Newell Brands Inc. | 854,902 | ||||
2,158 | Nordstrom Inc | 77,472 | ||||
7,227 | Norwegian Cruise Line Holdings Ltd, (2) | 366,843 | ||||
2,310 | Roku Inc, (2) | 340,032 | ||||
16,853 | Tapestry Inc | 435,819 | ||||
8,445 | Tiffany & Co | 1,051,487 | ||||
3,838 | Vail Resorts Inc | 891,836 | ||||
Total Consumer Discretionary | 9,457,845 | |||||
Consumer Staples – 4.4% | ||||||
15,733 | Bunge Ltd | 849,582 | ||||
15,305 | Campbell Soup Co | 708,775 | ||||
790 | Ingredion Inc | 62,410 | ||||
4,947 | McCormick & Co Inc | 794,933 | ||||
Total Consumer Staples | 2,415,700 | |||||
Energy – 2.8% | ||||||
45,362 | National Oilwell Varco Inc | 1,026,088 | ||||
25,948 | TechnipFMC PLC | 511,954 | ||||
Total Energy | 1,538,042 |
Shares | Description (1) | Value | ||||
Financials – 21.4% | ||||||
458 | Affiliated Managers Group Inc | $36,585 | ||||
5,298 | Ally Financial Inc | 162,278 | ||||
27,877 | Arch Capital Group Ltd, (2) | 1,164,144 | ||||
12,486 | Arthur J Gallagher & Co | 1,138,973 | ||||
6,960 | Assurant Inc | 877,447 | ||||
31,398 | AXA Equitable Holdings Inc | 678,197 | ||||
22,996 | Citizens Financial Group Inc | 808,539 | ||||
121 | Comerica Inc | 7,916 | ||||
26,363 | Fifth Third Bancorp | 766,636 | ||||
40,743 | Huntington Bancshares Inc/OH | 575,699 | ||||
52,732 | Invesco Ltd | 886,952 | ||||
17,983 | Lincoln National Corp | 1,015,680 | ||||
9,839 | Nasdaq Inc. | 981,637 | ||||
26,038 | People's United Financial Inc | 421,034 | ||||
10,682 | Principal Financial Group Inc | 570,205 | ||||
6,119 | Reinsurance Group of America Inc | 994,154 | ||||
4,809 | Signature Bank/New York NY | 569,001 | ||||
Total Financials | 11,655,077 | |||||
Health Care – 3.8% | ||||||
14,415 | DENTSPLY SIRONA Inc | 789,654 | ||||
3,910 | Jazz Pharmaceuticals PLC, (2) | 491,213 | ||||
7,595 | Quest Diagnostics Inc | 768,994 | ||||
Total Health Care | 2,049,861 | |||||
Industrials – 7.9% | ||||||
2,055 | AMERCO | 832,357 | ||||
3,370 | CH Robinson Worldwide Inc | 254,907 | ||||
3,120 | ManpowerGroup Inc | 283,670 | ||||
974 | Masco Corp | 45,047 | ||||
34,804 | Nielsen Holdings PLC | 701,649 | ||||
14,542 | Owens Corning | 891,134 | ||||
9,266 | Pentair PLC | 384,261 | ||||
5,705 | Snap-on Inc | 928,032 | ||||
52 | United Rentals Inc, (2) | 6,946 | ||||
Total Industrials | 4,328,003 | |||||
Information Technology – 8.2% | ||||||
16,050 | FLIR Systems Inc | 827,538 | ||||
8,958 | Juniper Networks Inc | 222,337 | ||||
44,209 | Marvell Technology Group Ltd | 1,078,257 | ||||
23,253 | Sabre Corp | 545,980 | ||||
4,161 | Skyworks Solutions Inc | 378,901 | ||||
42,512 | Western Union Co | 1,065,351 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
10,377 | Xerox Holdings Corp | $352,092 | ||||
Total Information Technology | 4,470,456 | |||||
Materials – 6.2% | ||||||
6,947 | Celanese Corp | 841,629 | ||||
8,600 | International Flavors & Fragrances Inc | 1,049,286 | ||||
29,572 | Mosaic Co | 587,891 | ||||
13,415 | Sealed Air Corp | 560,345 | ||||
10,562 | Steel Dynamics Inc. | 320,662 | ||||
759 | Westrock Co | 28,364 | ||||
Total Materials | 3,388,177 | |||||
Real Estate – 17.9% | ||||||
29,429 | Duke Realty Corp | 1,034,135 | ||||
32,010 | HCP Inc | 1,204,216 | ||||
61,639 | Host Hotels & Resorts Inc | 1,010,263 | ||||
28,556 | Iron Mountain Inc | 936,637 | ||||
6,348 | Jones Lang LaSalle Inc. | 930,109 | ||||
16,477 | Kimco Realty Corp | 355,244 | ||||
16,459 | Liberty Property Trust | 972,233 | ||||
8,379 | Mid-America Apartment Communities Inc. | 1,164,597 | ||||
7,524 | Regency Centers Corp | 505,914 | ||||
21,613 | UDR Inc | 1,086,053 | ||||
6,280 | WP Carey Inc | 578,137 | ||||
Total Real Estate | 9,777,538 | |||||
Utilities – 6.7% | ||||||
8,460 | American Water Works Co Inc. | 1,042,864 | ||||
18,514 | CMS Energy Corp | 1,183,415 | ||||
17,232 | Eversource Energy | 1,443,008 | ||||
Total Utilities | 3,669,287 | |||||
Total Long-Term Investments (cost $51,857,161) | 54,448,328 |
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% | 11/01/19 | N/R | $100,000 | |
Total Short-Term Investments (cost $100,000) | 100,000 | |||||
Total Investments (cost $51,957,161) – 100.0% | 54,548,328 | |||||
Other Assets Less Liabilities – 0.0% | 24,313 | |||||
Net Assets – 100% | $54,572,641 |
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. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 2.5% | ||||||
6,349 | Boingo Wireless Inc, (2) | $60,125 | ||||
65 | Cable One Inc | 86,149 | ||||
1,014 | Cinemark Holdings Inc | 37,112 | ||||
10,632 | comScore Inc, (2) | 24,560 | ||||
5,968 | Emerald Expositions Events Inc | 58,009 | ||||
25,667 | Gannett Co Inc | 278,487 | ||||
8,393 | GCI Liberty Inc, Class A, (2) | 587,342 | ||||
29,614 | Globalstar Inc, (2) | 11,313 | ||||
14,022 | Gogo Inc, (2) | 86,235 | ||||
8,632 | Gray Television Inc | 141,651 | ||||
10,816 | John Wiley & Sons Inc, Class A | 498,293 | ||||
2,833 | Loral Space & Communications Inc, (2) | 113,292 | ||||
1,919 | Madison Square Garden Co, (2) | 512,220 | ||||
3,205 | Marcus Corp | 115,701 | ||||
13,478 | National CineMedia Inc | 113,148 | ||||
14,600 | New York Times Co | 451,140 | ||||
17,622 | ORBCOMM Inc, (2) | 70,664 | ||||
5,145 | Rosetta Stone Inc, (2) | 98,578 | ||||
7,352 | Scholastic Corp | 283,052 | ||||
12,712 | TEGNA Inc. | 191,061 | ||||
5,359 | WideOpenWest Inc, (2) | 34,030 | ||||
5,680 | World Wrestling Entertainment Inc, Class A | 318,307 | ||||
Total Communication Services | 4,170,469 | |||||
Consumer Discretionary – 11.7% | ||||||
9,781 | Aaron's Inc. | 732,890 | ||||
23,338 | American Axle & Manufacturing Holdings Inc | 195,106 | ||||
1,105 | American Eagle Outfitters Inc | 16,995 | ||||
3,743 | American Public Education Inc, (2) | 81,298 | ||||
1,126 | America's Car-Mart Inc/TX, (2) | 102,455 | ||||
327 | Asbury Automotive Group Inc, (2) | 33,724 | ||||
5,738 | AutoNation Inc, (2) | 291,777 | ||||
1,222 | Big Lots Inc | 26,481 | ||||
8,095 | Bright Horizons Family Solutions Inc, (2) | 1,202,269 | ||||
4,868 | Brinker International Inc | 216,383 | ||||
926 | Buckle Inc | 19,372 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
21,810 | Callaway Golf Co | $440,998 | ||||
8,118 | Camping World Holdings Inc, Class A | 76,715 | ||||
4,372 | Carriage Services Inc | 112,623 | ||||
4,566 | Container Store Group Inc, (2) | 19,269 | ||||
807 | Cooper-Standard Holdings Inc, (2) | 25,711 | ||||
7,343 | Core-Mark Holding Co Inc | 224,108 | ||||
7,127 | Crocs Inc, (2) | 249,374 | ||||
8,014 | Dave & Buster's Entertainment Inc, (2) | 318,797 | ||||
2,291 | Deckers Outdoor Corp, (2) | 350,294 | ||||
1,128 | Designer Brands Inc | 18,612 | ||||
1,988 | Dine Brands Global Inc | 145,422 | ||||
5,280 | Dorman Products Inc, (2) | 379,896 | ||||
7,391 | Dunkin' Brands Group Inc | 581,080 | ||||
5,457 | El Pollo Loco Holdings Inc, (2) | 63,410 | ||||
5,890 | Ethan Allen Interiors Inc | 116,092 | ||||
7,221 | Etsy Inc, (2) | 321,262 | ||||
2,140 | Five Below Inc, (2) | 267,735 | ||||
1,434 | Foot Locker Inc | 62,393 | ||||
11,220 | Fossil Group Inc, (2) | 122,074 | ||||
6,509 | Fox Factory Holding Corp, (2) | 396,658 | ||||
7,742 | frontdoor Inc, (2) | 373,397 | ||||
20,292 | GameStop Corp, Class A | 110,388 | ||||
498 | Genesco Inc, (2) | 19,347 | ||||
1,231 | Gentherm Inc, (2) | 51,419 | ||||
30,547 | GoPro Inc, Class A, (2) | 127,076 | ||||
864 | Graham Holdings Co, Class B | 544,026 | ||||
3,344 | Green Brick Partners Inc, (2) | 33,674 | ||||
2,363 | Group 1 Automotive Inc | 234,977 | ||||
5,304 | Helen of Troy Ltd, (2) | 794,327 | ||||
2,833 | Hooker Furniture Corp | 67,057 | ||||
4,609 | Houghton Mifflin Harcourt Co, (2) | 29,774 | ||||
3,589 | iRobot Corp, (2) | 172,487 | ||||
528 | Johnson Outdoors Inc, Class A | 30,914 | ||||
4,558 | Kontoor Brands Inc | 173,204 | ||||
3,968 | La-Z-Boy Inc. | 140,904 | ||||
1,112 | LGI Homes Inc, (2) | 87,270 | ||||
884 | Lithia Motors Inc, Class A | 139,212 | ||||
5,100 | Malibu Boats Inc, Class A, (2) | 166,362 | ||||
5,391 | MarineMax Inc, (2) | 83,291 | ||||
3,246 | Marriott Vacations Worldwide Corp | 356,833 | ||||
4,523 | MasterCraft Boat Holdings Inc, (2) | 71,237 |
Shares | Description (1) | Value | ||||
Consumer Discretionary(continued) | ||||||
48,194 | Mattel Inc | $575,436 | ||||
2,741 | Meritage Homes Corp, (2) | 197,599 | ||||
15,008 | Michaels Cos Inc, (2) | 131,020 | ||||
4,855 | Modine Manufacturing Co | 55,493 | ||||
3,217 | Monro Inc | 225,544 | ||||
3,868 | Movado Group Inc | 100,761 | ||||
1,531 | Murphy USA Inc, (2) | 180,551 | ||||
6,747 | National Vision Holdings Inc, (2) | 160,579 | ||||
6,185 | Noodles & Co, (2) | 32,966 | ||||
105,861 | Office Depot Inc | 218,074 | ||||
4,113 | Planet Fitness Inc, Class A, (2) | 261,834 | ||||
4,574 | Pool Corp | 948,648 | ||||
4,570 | Quotient Technology Inc, (2) | 39,348 | ||||
3,239 | Red Robin Gourmet Burgers Inc, (2) | 98,789 | ||||
2,960 | Rent-A-Center Inc/TX | 76,575 | ||||
18,611 | Sally Beauty Holdings Inc, (2) | 288,470 | ||||
34,222 | Service Corp International/US | 1,556,417 | ||||
13,179 | ServiceMaster Global Holdings Inc, (2) | 532,168 | ||||
5,319 | Shake Shack Inc, Class A, (2) | 437,647 | ||||
9,410 | Signet Jewelers Ltd | 150,936 | ||||
5,983 | Sleep Number Corp, (2) | 287,902 | ||||
5,086 | Sonos Inc, (2) | 66,525 | ||||
4,416 | Stitch Fix Inc, Class A, (2) | 100,950 | ||||
10,583 | Tenneco Inc, Class A | 133,240 | ||||
8,003 | Tile Shop Holdings Inc | 13,445 | ||||
11,976 | Tupperware Brands Corp | 115,329 | ||||
3,309 | Unifi Inc, (2) | 90,336 | ||||
4,607 | Visteon Corp, (2) | 428,543 | ||||
23,947 | Wendy's Co | 507,197 | ||||
224 | Winmark Corp | 40,320 | ||||
2,745 | Wolverine World Wide Inc | 81,472 | ||||
9,520 | WW International Inc, (2) | 331,962 | ||||
3,761 | YETI Holdings Inc, (2) | 125,279 | ||||
714 | Zumiez Inc, (2) | 22,784 | ||||
Total Consumer Discretionary | 19,632,588 | |||||
Consumer Staples – 3.1% | ||||||
22,148 | BJ's Wholesale Club Holdings Inc, (2) | 591,352 | ||||
1,402 | Casey's General Stores Inc | 239,476 | ||||
27,896 | Darling Ingredients Inc, (2) | 538,393 | ||||
12,592 | Energizer Holdings Inc | 535,034 | ||||
2,524 | Farmer Brothers Co | 32,383 |
Shares | Description (1) | Value | ||||
Consumer Staples(continued) | ||||||
7,687 | Fresh Del Monte Produce Inc | $245,215 | ||||
6,640 | Freshpet Inc, (2) | 347,006 | ||||
10,644 | Hain Celestial Group Inc, (2) | 251,624 | ||||
10,517 | Herbalife Nutrition Ltd | 469,794 | ||||
2,498 | Medifast Inc | 277,128 | ||||
3,254 | Nu Skin Enterprises Inc, Class A | 145,063 | ||||
1,480 | Performance Food Group Co, (2) | 63,063 | ||||
3,016 | PriceSmart Inc | 223,486 | ||||
16,929 | Simply Good Foods Co, (2) | 415,438 | ||||
1,783 | SpartanNash Co | 23,348 | ||||
1,577 | Sprouts Farmers Market Inc, (2) | 30,610 | ||||
3,728 | TreeHouse Foods Inc, (2) | 201,387 | ||||
12,303 | United Natural Foods Inc, (2) | 92,272 | ||||
11,165 | US Foods Holding Corp, (2) | 442,916 | ||||
1,357 | USANA Health Sciences Inc, (2) | 100,567 | ||||
Total Consumer Staples | 5,265,555 | |||||
Energy – 2.6% | ||||||
56,077 | Antero Midstream Corp | 361,136 | ||||
12,768 | Apergy Corp, (2) | 321,371 | ||||
32,215 | Archrock Inc | 310,553 | ||||
9,810 | Cactus Inc, Class A | 291,553 | ||||
34,895 | Clean Energy Fuels Corp, (2) | 78,514 | ||||
6,071 | Core Laboratories NV | 267,367 | ||||
5,578 | Delek US Holdings Inc. | 222,841 | ||||
3,140 | DMC Global Inc | 140,484 | ||||
7,900 | Dril-Quip Inc, (2) | 324,058 | ||||
53,407 | Equitrans Midstream Corp | 743,425 | ||||
7,313 | Exterran Corp, (2) | 92,656 | ||||
16,147 | Forum Energy Technologies Inc, (2) | 18,730 | ||||
21,108 | Frank's International NV | 103,429 | ||||
7,777 | FTS International Inc, (2) | 11,821 | ||||
9,391 | Green Plains Inc | 115,791 | ||||
3,041 | Helix Energy Solutions Group Inc., (2) | 26,122 | ||||
3,708 | Liberty Oilfield Services Inc, Class A | 34,151 | ||||
6,313 | Matrix Service Co, (2) | 118,432 | ||||
45,763 | McDermott International Inc, (2) | 74,594 | ||||
13,317 | Newpark Resources Inc, (2) | 79,902 | ||||
28,284 | NexTier Oilfield Solutions Inc, (2) | 122,187 | ||||
3,432 | Oceaneering International Inc | 48,597 | ||||
3,487 | Oil States International Inc, (2) | 49,759 | ||||
9,316 | Renewable Energy Group Inc, (2) | 152,223 |
Shares | Description (1) | Value | ||||
Energy(continued) | ||||||
13,183 | Select Energy Services Inc, Class A, (2) | $100,191 | ||||
29,269 | TETRA Technologies Inc, (2) | 49,757 | ||||
9,640 | US Silica Holdings Inc | 42,994 | ||||
Total Energy | 4,302,638 | |||||
Financials – 15.5% | ||||||
3,525 | Amalgamated Bank, Class A | 64,190 | ||||
9,471 | Ameris Bancorp | 405,832 | ||||
28,710 | Apollo Commercial Real Estate Finance Inc | 525,393 | ||||
5,491 | Atlantic Capital Bancshares Inc, (2) | 102,407 | ||||
921 | Atlantic Union Bankshares Corp | 33,948 | ||||
4,424 | Bancorp Inc, (2) | 48,222 | ||||
10,172 | BancorpSouth Bank | 311,975 | ||||
328 | Bank of Hawaii Corp | 28,638 | ||||
27,885 | Bank OZK | 782,453 | ||||
22,795 | BankUnited Inc | 781,869 | ||||
2,747 | Banner Corp | �� | 148,283 | |||
2,416 | BOK Financial Corp | 186,394 | ||||
45,377 | Brown & Brown Inc | 1,709,805 | ||||
4,116 | Byline Bancorp Inc, (2) | 71,371 | ||||
10,820 | Cadence BanCorp | 166,412 | ||||
11,581 | Capstead Mortgage Corp | 89,521 | ||||
4,514 | Cathay General Bancorp | 160,563 | ||||
1,212 | CBTX Inc | 34,724 | ||||
30,684 | Chimera Investment Corp | 621,658 | ||||
4,635 | Cohen & Steers Inc | 303,314 | ||||
4,089 | Columbia Banking System Inc | 160,698 | ||||
6,464 | Cowen Inc, (2) | 96,766 | ||||
4,172 | Crawford & Co, Class A | 44,181 | ||||
2,290 | Cullen/Frost Bankers Inc | 206,283 | ||||
3,506 | Customers Bancorp Inc, (2) | 82,671 | ||||
4,619 | CVB Financial Corp | 95,983 | ||||
301 | Diamond Hill Investment Group Inc | 42,399 | ||||
7,684 | Donnelley Financial Solutions Inc, (2) | 86,829 | ||||
4,255 | eHealth Inc, (2) | 293,765 | ||||
3,681 | Equity Bancshares Inc, Class A, (2) | 102,185 | ||||
4,558 | Evercore Inc., Class A | 335,651 | ||||
689 | Federal Agricultural Mortgage Corp, Class C | 58,351 | ||||
26,349 | First American Financial Corp | 1,627,841 | ||||
4,877 | First Financial Bancorp | 114,317 | ||||
2,250 | First Hawaiian Inc | 61,493 | ||||
2,246 | First Interstate BancSystem Inc, Class A | 94,242 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
17,433 | First Midwest Bancorp Inc/IL | $358,074 | ||||
6,001 | FirstCash Inc | 506,424 | ||||
7,598 | Flagstar Bancorp Inc. | 276,111 | ||||
14,462 | Fulton Financial Corp | 246,722 | ||||
122,426 | Genworth Financial Inc, Class A | 523,983 | ||||
3,148 | Glacier Bancorp Inc | 133,223 | ||||
12,549 | Granite Point Mortgage Trust Inc | 233,411 | ||||
3,059 | Great Western Bancorp Inc | 106,667 | ||||
12,377 | Green Dot Corp, Class A, (2) | 356,953 | ||||
7,229 | Hancock Whitney Corp | 281,931 | ||||
4,869 | Hanover Insurance Group Inc | 641,296 | ||||
1,329 | Heartland Financial USA Inc. | 62,171 | ||||
789 | Heritage Financial Corp/WA | 21,721 | ||||
3,875 | HomeStreet Inc | 116,289 | ||||
3,346 | Hope Bancorp Inc | 47,747 | ||||
2,305 | Independent Bank Corp | 189,194 | ||||
808 | International Bancshares Corp | 33,096 | ||||
1,901 | INTL FCStone Inc, (2) | 76,040 | ||||
58,299 | Investors Bancorp Inc | 702,503 | ||||
2,012 | Janus Henderson Group PLC | 46,538 | ||||
5,681 | KKR Real Estate Finance Trust Inc | 113,904 | ||||
1,207 | LegacyTexas Financial Group Inc | 51,346 | ||||
3,774 | Legg Mason Inc | 140,619 | ||||
6,241 | Live Oak Bancshares Inc | 113,274 | ||||
375 | LPL Financial Holdings Inc | 30,315 | ||||
697 | Meta Financial Group Inc | 22,067 | ||||
51,966 | MGIC Investment Corp | 712,454 | ||||
4,726 | Midland States Bancorp Inc | 126,657 | ||||
2,897 | Morningstar Inc | 468,851 | ||||
17,961 | Mr Cooper Group Inc, (2) | 229,901 | ||||
996 | National Bank Holdings Corp, Class A | 34,262 | ||||
61,117 | New York Community Bancorp Inc | 712,013 | ||||
13,513 | On Deck Capital Inc, (2) | 60,268 | ||||
1,321 | Opus Bank | 32,748 | ||||
2,177 | Origin Bancorp Inc | 76,609 | ||||
985 | Peapack Gladstone Financial Corp | 28,762 | ||||
10,488 | PennyMac Financial Services Inc | 326,491 | ||||
987 | People's Utah Bancorp | 28,722 | ||||
9,690 | Pinnacle Financial Partners Inc., Class A | 569,966 | ||||
6,765 | Popular Inc | 368,422 | ||||
10,961 | PRA Group Inc, (2) | 371,907 |
Shares | Description (1) | Value | ||||
Financials(continued) | ||||||
2,590 | Prosperity Bancshares Inc | $178,762 | ||||
2,644 | Pzena Investment Management Inc, Class A | 21,945 | ||||
7,465 | Ready Capital Corp | 118,171 | ||||
2,770 | Redwood Trust Inc | 45,262 | ||||
1,038 | Sandy Spring Bancorp Inc | 35,811 | ||||
9,577 | ServisFirst Bancshares Inc | 335,195 | ||||
6,694 | Simmons First National Corp, Class A | 160,121 | ||||
4,728 | South State Corp | 372,850 | ||||
64,748 | Starwood Property Trust Inc. | 1,592,801 | ||||
20,393 | Sterling Bancorp | 400,722 | ||||
11,016 | TCF Financial Corp | 436,123 | ||||
6,210 | Texas Capital Bancshares Inc, (2) | 335,713 | ||||
5,094 | Triumph Bancorp Inc, (2) | 165,300 | ||||
2,747 | Trustmark Corp | 94,277 | ||||
3,683 | UMB Financial Corp | 240,353 | ||||
23,496 | Umpqua Holdings Corp | 371,707 | ||||
584 | United Bankshares Inc/WV | 23,091 | ||||
3,025 | Victory Capital Holdings Inc, Class A | 47,069 | ||||
5,459 | Walker & Dunlop Inc | 343,862 | ||||
917 | Washington Federal Inc | 33,434 | ||||
3,801 | WesBanco Inc | 142,880 | ||||
868 | Westamerica Bancorporation | 57,305 | ||||
7,708 | Western Alliance Bancorp | 380,236 | ||||
4,778 | Wintrust Financial Corp | 304,932 | ||||
1,712 | WSFS Financial Corp | 72,195 | ||||
Total Financials | 25,970,396 | |||||
Health Care – 12.4% | ||||||
5,576 | Acadia Healthcare Co Inc, (2) | 167,224 | ||||
12,244 | ACADIA Pharmaceuticals Inc, (2) | 519,268 | ||||
1,276 | Accelerate Diagnostics Inc, (2) | 19,650 | ||||
24,921 | Achillion Pharmaceuticals Inc, (2) | 159,744 | ||||
5,536 | Aerie Pharmaceuticals Inc, (2) | 122,844 | ||||
871 | Agios Pharmaceuticals Inc, (2) | 26,200 | ||||
4,490 | Akcea Therapeutics Inc, (2) | 82,302 | ||||
13,184 | Alder Biopharmaceuticals Inc, (2), (3) | 11,602 | ||||
34,917 | Allscripts Healthcare Solutions Inc, (2) | 381,992 | ||||
923 | Amedisys Inc, (2) | 118,624 | ||||
2,374 | AMN Healthcare Services Inc., (2) | 139,496 | ||||
3,487 | AnaptysBio Inc, (2) | 131,530 | ||||
1,311 | AngioDynamics Inc, (2) | 20,058 | ||||
34,488 | Antares Pharma Inc, (2) | 115,880 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
2,692 | Arvinas Inc, (2) | $55,617 | ||||
5,837 | Assembly Biosciences Inc, (2) | 96,369 | ||||
14,040 | Assertio Therapeutics Inc, (2) | 11,093 | ||||
7,569 | Atara Biotherapeutics Inc, (2) | 82,653 | ||||
8,520 | AtriCure Inc, (2) | 226,547 | ||||
362 | Atrion Corp | 305,322 | ||||
4,769 | Avrobio Inc, (2) | 69,246 | ||||
811 | Axonics Modulation Technologies Inc, (2) | 20,048 | ||||
2,064 | Axsome Therapeutics Inc, (2) | 49,701 | ||||
19,256 | BioCryst Pharmaceuticals Inc, (2) | 38,512 | ||||
3,975 | BioTelemetry Inc, (2) | 156,456 | ||||
3,536 | Bluebird Bio Inc, (2) | 286,416 | ||||
18,781 | Brookdale Senior Living Inc, (2) | 138,040 | ||||
9,499 | Bruker Corp | 422,705 | ||||
8,108 | Cantel Medical Corp | 590,992 | ||||
5,498 | Cardiovascular Systems Inc, (2) | 244,771 | ||||
5,377 | Catalent Inc, (2) | 261,591 | ||||
8,929 | Cerus Corp, (2) | 38,841 | ||||
1,704 | Chemed Corp | 671,223 | ||||
11,370 | Coherus Biosciences Inc, (2) | 197,497 | ||||
6,345 | Collegium Pharmaceutical Inc, (2) | 76,140 | ||||
3,189 | Computer Programs & Systems Inc | 73,570 | ||||
1,214 | CorVel Corp, (2) | 96,052 | ||||
12,467 | Covetrus Inc, (2) | 123,610 | ||||
3,649 | Cyclerion Therapeutics Inc, (2) | 8,721 | ||||
10,009 | Cymabay Therapeutics Inc, (2) | 44,940 | ||||
12,427 | Denali Therapeutics Inc, (2) | 194,731 | ||||
9,253 | Dicerna Pharmaceuticals Inc, (2) | 152,582 | ||||
2,758 | Eagle Pharmaceuticals Inc/DE, (2) | 172,927 | ||||
1,070 | Encompass Health Corp | 68,501 | ||||
3,070 | Ensign Group Inc | 129,707 | ||||
2,477 | Evolus Inc, (2) | 39,508 | ||||
5,814 | FibroGen Inc, (2) | 227,618 | ||||
8,051 | Flexion Therapeutics Inc, (2) | 138,236 | ||||
6,454 | G1 Therapeutics Inc, (2) | 136,954 | ||||
11,565 | GenMark Diagnostics Inc, (2) | 64,880 | ||||
3,723 | Glaukos Corp, (2) | 237,639 | ||||
6,488 | Global Blood Therapeutics Inc, (2) | 311,100 | ||||
4,890 | Globus Medical Inc, Class A, (2) | 256,089 | ||||
2,896 | Guardant Health Inc, (2) | 201,272 | ||||
5,356 | Haemonetics Corp, (2) | 646,630 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
7,862 | Halozyme Therapeutics Inc, (2) | $120,446 | ||||
3,085 | Hanger Inc, (2) | 69,752 | ||||
668 | Heska Corp, (2) | 54,121 | ||||
1,166 | Hill-Rom Holdings Inc | 122,068 | ||||
6,568 | HMS Holdings Corp, (2) | 214,708 | ||||
4,856 | Homology Medicines Inc, (2) | 63,759 | ||||
6,613 | Horizon Therapeutics Plc, (2) | 191,182 | ||||
18,546 | Immunomedics Inc, (2) | 296,736 | ||||
12,678 | Insmed Inc, (2) | 235,684 | ||||
7,089 | Intersect ENT Inc, (2) | 126,326 | ||||
2,254 | KalVista Pharmaceuticals Inc, (2) | 23,892 | ||||
10,797 | Karyopharm Therapeutics Inc, (2) | 126,325 | ||||
2,398 | Kiniksa Pharmaceuticals Ltd, Class A, (2) | 16,906 | ||||
706 | LeMaitre Vascular Inc | 24,428 | ||||
3,873 | Ligand Pharmaceuticals Inc, (2) | 421,421 | ||||
2,766 | Magellan Health Inc, (2) | 179,513 | ||||
8,222 | Medicines Co, (2) | 431,573 | ||||
6,036 | MEDNAX Inc, (2) | 132,551 | ||||
8,410 | Merit Medical Systems Inc, (2) | 173,708 | ||||
3,676 | Mirati Therapeutics Inc, (2) | 346,206 | ||||
2,222 | MyoKardia Inc, (2) | 127,387 | ||||
2,828 | National Research Corp | 162,412 | ||||
16,957 | NeoGenomics Inc, (2) | 388,824 | ||||
3,832 | NextGen Healthcare Inc, (2) | 64,780 | ||||
950 | Odonate Therapeutics Inc, (2) | 30,172 | ||||
80,794 | OPKO Health Inc, (2) | 114,727 | ||||
3,870 | Optinose Inc, (2) | 30,263 | ||||
14,400 | OraSure Technologies Inc, (2) | 122,976 | ||||
3,319 | Orthofix Medical Inc, (2) | 139,498 | ||||
2,042 | OrthoPediatrics Corp, (2) | 78,985 | ||||
3,007 | Patterson Cos Inc | 51,510 | ||||
1,538 | Pennant Group Inc, (2) | 27,669 | ||||
1,717 | Penumbra Inc, (2) | 267,800 | ||||
2,960 | PetIQ Inc, (2) | 73,171 | ||||
4,640 | Phibro Animal Health Corp, Class A | 111,174 | ||||
1,251 | Premier Inc, Class A, (2) | 40,758 | ||||
18,754 | Progenics Pharmaceuticals Inc, (2) | 99,584 | ||||
6,773 | Prothena Corp PLC, (2) | 61,634 | ||||
7,286 | Quidel Corp, (2) | 414,573 | ||||
4,495 | Quotient Ltd, (2) | 36,095 | ||||
15,855 | R1 RCM Inc, (2) | 168,539 |
Shares | Description (1) | Value | ||||
Health Care(continued) | ||||||
1,554 | Reata Pharmaceuticals Inc., Class A, (2) | $320,248 | ||||
7,906 | Repligen Corp, (2) | 628,448 | ||||
5,495 | Revance Therapeutics Inc, (2) | 86,052 | ||||
4,169 | Sage Therapeutics Inc, (2) | 565,525 | ||||
28,270 | Senseonics Holdings Inc, (2) | 33,076 | ||||
5,378 | Spark Therapeutics Inc, (2) | 587,116 | ||||
5,274 | STAAR Surgical Co, (2) | 172,882 | ||||
1,130 | Supernus Pharmaceuticals Inc, (2) | 31,403 | ||||
3,260 | Surmodics Inc, (2) | 154,883 | ||||
2,484 | Tactile Systems Technology Inc, (2) | 112,823 | ||||
3,952 | Tandem Diabetes Care Inc, (2) | 243,364 | ||||
1,542 | Teladoc Health Inc, (2) | 118,117 | ||||
30,446 | TherapeuticsMD Inc, (2) | 80,986 | ||||
2,024 | Theravance Biopharma Inc, (2) | 32,627 | ||||
2,912 | Tilray Inc, (2) | 64,967 | ||||
11,073 | Tivity Health Inc, (2) | 179,493 | ||||
43,356 | TransEnterix Inc, (2) | 9,894 | ||||
1,825 | Tricida Inc, (2) | 68,273 | ||||
2,812 | Triple-S Management Corp, Class B, (2) | 42,546 | ||||
4,728 | Ultragenyx Pharmaceutical Inc, (2) | 189,782 | ||||
3,633 | uniQure NV | 181,795 | ||||
1,557 | US Physical Therapy Inc | 220,269 | ||||
3,302 | Vocera Communications Inc, (2) | 65,776 | ||||
6,233 | West Pharmaceutical Services Inc | 896,555 | ||||
1,613 | Y-mAbs Therapeutics Inc, (2) | 50,245 | ||||
33,378 | ZIOPHARM Oncology Inc, (2) | 140,855 | ||||
2,458 | Zogenix Inc, (2) | 109,750 | ||||
Total Health Care | 20,753,047 | |||||
Industrials – 15.1% | ||||||
920 | AAON Inc | 44,767 | ||||
7,371 | ABM Industries Inc | 268,747 | ||||
24,006 | ACCO Brands Corp | 219,655 | ||||
10,485 | Actuant Corp, Class A | 259,713 | ||||
36,801 | ADT Inc | 284,840 | ||||
1,054 | Advanced Drainage Systems Inc | 39,019 | ||||
4,193 | Aegion Corp, (2) | 90,862 | ||||
12,377 | Allison Transmission Holdings Inc | 539,761 | ||||
1,885 | Arcosa Inc | 72,403 | ||||
3,035 | Armstrong Flooring Inc, (2) | 18,635 | ||||
2,746 | Armstrong World Industries Inc | 256,833 | ||||
5,482 | ASGN Inc, (2) | 348,600 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
5,643 | Astronics Corp, (2) | $163,308 | ||||
6,445 | Avis Budget Group Inc, (2) | 191,481 | ||||
6,743 | Axon Enterprise Inc, (2) | 344,770 | ||||
1,723 | Barnes Group Inc | 100,709 | ||||
12,876 | Bloom Energy Corp, Class A, (2) | 39,401 | ||||
2,340 | Brady Corp, Class A | 131,836 | ||||
5,582 | Briggs & Stratton Corp | 41,139 | ||||
10,271 | Builders FirstSource Inc, (2) | 232,227 | ||||
6,718 | Carlisle Cos Inc | 1,022,950 | ||||
6,416 | Chart Industries Inc, (2) | 376,170 | ||||
1,473 | Comfort Systems USA Inc | 74,254 | ||||
5,027 | Cubic Corp | 370,691 | ||||
6,088 | Donaldson Co Inc | 321,081 | ||||
4,986 | EMCOR Group Inc. | 437,322 | ||||
4,228 | EnerSys | 282,684 | ||||
6,156 | ESCO Technologies Inc | 520,120 | ||||
19,771 | Evoqua Water Technologies Corp, (2) | 343,422 | ||||
8,996 | Franklin Electric Co Inc | 484,435 | ||||
1,944 | FTI Consulting Inc, (2) | 211,643 | ||||
7,202 | GATX Corp | 572,919 | ||||
12,367 | Generac Holdings Inc, (2) | 1,194,405 | ||||
5,483 | Genesee & Wyoming Inc., Class A, (2) | 608,778 | ||||
1,434 | Granite Construction Inc | 33,756 | ||||
3,843 | Great Lakes Dredge & Dock Corp | 41,312 | ||||
11,350 | Healthcare Services Group Inc | 276,486 | ||||
3,960 | Heartland Express Inc | 82,764 | ||||
4,470 | Heidrick & Struggles International Inc | 127,216 | ||||
3,321 | Herman Miller Inc | 154,427 | ||||
8,359 | Hexcel Corp | 623,749 | ||||
1,925 | Hub Group Inc, Class A, (2) | 88,165 | ||||
794 | Huron Consulting Group Inc, (2) | 52,515 | ||||
1,516 | Hyster-Yale Materials Handling Inc | 76,892 | ||||
4,507 | IAA Inc, (2) | 171,942 | ||||
6,637 | Insperity Inc | 701,066 | ||||
6,791 | Interface Inc | 112,934 | ||||
1,733 | KAR Auction Services Inc | 43,082 | ||||
3,856 | Korn Ferry | 141,477 | ||||
3,140 | Kratos Defense & Security Solutions Inc, (2) | 59,283 | ||||
3,328 | Lincoln Electric Holdings Inc | 298,089 | ||||
862 | Lindsay Corp | 81,381 | ||||
17,668 | Macquarie Infrastructure Corp | 762,198 |
Shares | Description (1) | Value | ||||
Industrials(continued) | ||||||
7,787 | Matthews International Corp, Class A | $287,963 | ||||
3,141 | McGrath RentCorp | 239,690 | ||||
4,295 | Mercury Systems Inc, (2) | 316,370 | ||||
9,991 | Mobile Mini Inc | 375,861 | ||||
530 | Moog Inc., Class A | 44,366 | ||||
650 | MSA Safety Inc | 78,046 | ||||
1,556 | MYR Group Inc, (2) | 53,542 | ||||
10,922 | Navistar International Corp, (2) | 341,640 | ||||
2,308 | Oshkosh Corp | 197,057 | ||||
44,184 | Pitney Bowes Inc | 194,410 | ||||
6,033 | Quad/Graphics Inc. | 27,330 | ||||
12,339 | Quanta Services Inc | 518,855 | ||||
7,504 | Raven Industries Inc | 261,740 | ||||
17,641 | Resideo Technologies Inc, (2) | 168,119 | ||||
17,329 | RR Donnelley & Sons Co | 75,554 | ||||
4,582 | Ryder System Inc | 222,823 | ||||
1,740 | Schneider National Inc, Class B | 39,794 | ||||
9,517 | SiteOne Landscape Supply Inc, (2) | 838,067 | ||||
7,387 | Steelcase Inc, Class A | 129,051 | ||||
13,248 | Sunrun Inc, (2) | 205,874 | ||||
6,976 | Team Inc, (2) | 126,684 | ||||
869 | Teledyne Technologies Inc, (2) | 286,422 | ||||
2,788 | Tetra Tech Inc | 243,866 | ||||
13,440 | Toro Co | 1,036,627 | ||||
3,170 | Trex Co Inc, (2) | 278,611 | ||||
9,455 | TriMas Corp, (2) | 305,586 | ||||
3,309 | TriNet Group Inc, (2) | 175,344 | ||||
7,328 | TrueBlue Inc, (2) | 167,811 | ||||
1,316 | UniFirst Corp/MA | 264,305 | ||||
5,126 | Valmont Industries Inc | 703,236 | ||||
3,070 | Veritiv Corp, (2) | 41,875 | ||||
13,247 | Wabash National Corp | 188,902 | ||||
32,909 | Welbilt Inc, (2) | 623,955 | ||||
7,995 | Wesco Aircraft Holdings Inc, (2) | 88,105 | ||||
9,451 | WESCO International Inc, (2) | 473,968 | ||||
13,357 | WillScot Corp, (2) | 210,506 | ||||
9,075 | Woodward Inc | 967,940 | ||||
Total Industrials | 25,238,209 | |||||
Information Technology – 17.4% | ||||||
15,837 | ACI Worldwide Inc, (2) | 497,123 | ||||
5,450 | ADTRAN Inc | 48,015 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
7,868 | Anixter International Inc, (2) | $651,077 | ||||
19,132 | Arlo Technologies Inc, (2) | 65,240 | ||||
1,885 | Aspen Technology Inc, (2) | 216,982 | ||||
27,448 | Avaya Holdings Corp, (2) | 331,846 | ||||
5,900 | Avnet Inc. | 233,404 | ||||
6,955 | Badger Meter Inc | 401,999 | ||||
9,194 | Belden Inc | 471,468 | ||||
16,414 | Black Knight Inc, (2) | 1,053,779 | ||||
4,146 | Blackbaud Inc | 348,057 | ||||
1,777 | Blackline Inc, (2) | 83,057 | ||||
23,624 | Booz Allen Hamilton Holding Corp | 1,662,421 | ||||
7,153 | Cabot Microelectronics Corp | 1,080,961 | ||||
8,158 | CalAmp Corp, (2) | 91,533 | ||||
4,414 | Ceridian HCM Holding Inc, (2) | 212,976 | ||||
2,216 | Ciena Corp, (2) | 82,258 | ||||
13,982 | Cirrus Logic Inc, (2) | 950,217 | ||||
20,110 | Cision Ltd, (2) | 202,508 | ||||
23,077 | CommScope Holding Co Inc, (2) | 258,462 | ||||
44,119 | Conduent Inc, (2) | 272,655 | ||||
6,796 | Coupa Software Inc, (2) | 934,382 | ||||
9,494 | Cree Inc, (2) | 453,149 | ||||
4,714 | CTS Corp | 125,770 | ||||
8,935 | Daktronics Inc | 61,294 | ||||
6,206 | Dolby Laboratories Inc, Class A | 399,232 | ||||
2,211 | Elastic NV, (2) | 159,214 | ||||
24,006 | Entegris Inc | 1,152,288 | ||||
11,027 | Envestnet Inc, (2) | 689,077 | ||||
552 | ePlus Inc, (2) | 43,128 | ||||
8,220 | ExlService Holdings Inc, (2) | 572,359 | ||||
429 | Fabrinet, (2) | 24,123 | ||||
2,371 | Fair Isaac Corp | 720,879 | ||||
12,523 | First Solar Inc, (2) | 648,566 | ||||
8,041 | Five9 Inc, (2) | 446,356 | ||||
1,496 | HubSpot Inc, (2) | 232,030 | ||||
12,307 | Infinera Corp, (2) | 68,796 | ||||
6,743 | Insight Enterprises Inc, (2) | 413,885 | ||||
7,615 | InterDigital Inc | 408,392 | ||||
5,461 | Itron Inc, (2) | 416,456 | ||||
2,043 | Kimball Electronics Inc, (2) | 30,359 | ||||
16,165 | Kulicke & Soffa Industries Inc | 383,838 | ||||
8,583 | LivePerson Inc, (2) | 352,332 |
Shares | Description (1) | Value | ||||
Information Technology(continued) | ||||||
12,195 | LogMeIn Inc | $800,968 | ||||
5,773 | Lumentum Holdings Inc, (2) | 361,736 | ||||
10,270 | Manhattan Associates Inc, (2) | 769,736 | ||||
8,884 | Methode Electronics Inc | 305,610 | ||||
7,154 | Mimecast Ltd, (2) | 284,085 | ||||
3,004 | MobileIron Inc, (2) | 18,805 | ||||
2,264 | Model N Inc, (2) | 67,445 | ||||
2,782 | MTS Systems Corp | 157,127 | ||||
5,730 | Nanometrics Inc, (2) | 184,506 | ||||
3,647 | National Instruments Corp | 150,949 | ||||
12,276 | NCR Corp, (2) | 358,582 | ||||
2,364 | NETGEAR Inc., (2) | 64,230 | ||||
6,074 | New Relic Inc, (2) | 389,100 | ||||
534 | Novanta Inc, (2) | 47,553 | ||||
13,759 | Nutanix Inc, Class A, (2) | 402,038 | ||||
419 | NVE Corp | 26,083 | ||||
1,323 | OSI Systems Inc, (2) | 131,295 | ||||
574 | Paylocity Holding Corp, (2) | 58,892 | ||||
7,361 | Perficient Inc, (2) | 288,551 | ||||
8,172 | Plantronics Inc. | 322,140 | ||||
8,640 | Progress Software Corp | 344,563 | ||||
526 | Rapid7 Inc, (2) | 26,347 | ||||
12,810 | Ribbon Communications Inc, (2) | 54,955 | ||||
4,411 | RingCentral Inc, Class A, (2) | 712,465 | ||||
501 | Rogers Corp, (2) | 67,875 | ||||
8,819 | Silicon Laboratories Inc, (2) | 936,931 | ||||
4,366 | Smartsheet Inc, Class A, (2) | 172,020 | ||||
8,547 | SPS Commerce Inc, (2) | 451,025 | ||||
1,958 | SVMK Inc, (2) | 36,027 | ||||
9,907 | Sykes Enterprises Inc, (2) | 306,077 | ||||
1,438 | SYNNEX Corp | 169,310 | ||||
2,604 | Tech Data Corp, (2) | 316,386 | ||||
10,963 | Teradata Corp, (2) | 328,123 | ||||
30,765 | TiVo Corp | 250,427 | ||||
4,047 | TTEC Holdings Inc | 191,706 | ||||
2,596 | Virtusa Corp, (2) | 96,779 | ||||
5,818 | WEX Inc, (2) | 1,100,649 | ||||
1,364 | Workiva Inc, (2) | 56,838 | ||||
3,812 | Zendesk Inc, (2) | 269,318 | ||||
11,491 | Zuora Inc, Class A, (2) | 163,747 | ||||
Total Information Technology | 29,192,942 |
Shares | Description (1) | Value | ||||
Materials – 4.7% | ||||||
10,622 | Amyris Inc, (2) | $35,212 | ||||
5,811 | AptarGroup Inc | 686,570 | ||||
8,348 | Boise Cascade Co | 298,608 | ||||
2,561 | Clearwater Paper Corp, (2) | 47,481 | ||||
2,054 | Compass Minerals International Inc | 116,010 | ||||
591 | Domtar Corp | 21,506 | ||||
4,195 | Graphic Packaging Holding Co | 65,694 | ||||
915 | Greif Inc, Class A | 35,841 | ||||
894 | Greif Inc, Class B | 42,045 | ||||
5,839 | Innospec Inc | 533,451 | ||||
5,072 | Koppers Holdings Inc | 162,811 | ||||
5,042 | Kraton Corp, (2) | 113,042 | ||||
21,145 | Louisiana-Pacific Corp | 618,068 | ||||
4,614 | Materion Corp | 262,260 | ||||
5,885 | Minerals Technologies Inc. | 291,013 | ||||
1,488 | Myers Industries Inc | 25,192 | ||||
9,676 | OMNOVA Solutions Inc, (2) | 97,824 | ||||
8,028 | Reliance Steel & Aluminum Co | 931,569 | ||||
3,735 | Royal Gold Inc | 431,168 | ||||
5,609 | RPM International Inc | 406,260 | ||||
3,633 | Ryerson Holding Corp, (2) | 31,571 | ||||
1,251 | Schnitzer Steel Industries Inc, Class A | 26,696 | ||||
7,737 | Sonoco Products Co | 446,425 | ||||
4,946 | Stepan Co | 483,323 | ||||
9,149 | Trinseo SA | 388,833 | ||||
46,207 | Valvoline Inc | 986,057 | ||||
8,980 | Worthington Industries Inc | 330,554 | ||||
Total Materials | 7,915,084 | |||||
Real Estate – 12.1% | ||||||
458 | Agree Realty Corp | 36,077 | ||||
16,560 | Alexander & Baldwin Inc | 389,326 | ||||
1,244 | American Campus Communities Inc | 62,175 | ||||
21,396 | Americold Realty Trust | 857,766 | ||||
1,606 | Brandywine Realty Trust | 24,540 | ||||
25,864 | Brixmor Property Group Inc | 569,525 | ||||
5,757 | CatchMark Timber Trust Inc, Class A | 66,033 | ||||
3,243 | Chatham Lodging Trust | 58,536 | ||||
6,370 | CorePoint Lodging Inc | 62,745 | ||||
4,865 | CoreSite Realty Corp | 571,638 | ||||
19,415 | Corporate Office Properties Trust | 575,461 | ||||
25,673 | Cousins Properties Inc | 1,030,257 |
Shares | Description (1) | Value | ||||
Real Estate(continued) | ||||||
1,774 | Cushman & Wakefield PLC, (2) | $33,085 | ||||
12,639 | CyrusOne Inc | 900,908 | ||||
49,196 | DiamondRock Hospitality Co | 490,976 | ||||
11,630 | Douglas Emmett Inc | 503,812 | ||||
15,508 | Easterly Government Properties Inc | 346,139 | ||||
10,292 | Empire State Realty Trust Inc, Class A | 148,925 | ||||
9,738 | Essential Properties Realty Trust Inc | 249,877 | ||||
815 | First Industrial Realty Trust Inc. | 34,320 | ||||
9,991 | Four Corners Property Trust Inc | 286,242 | ||||
5,637 | Franklin Street Properties Corp | 48,478 | ||||
15,578 | Hannon Armstrong Sustainable Infrastructure Capital Inc | 465,159 | ||||
14,735 | Hospitality Properties Trust | 372,796 | ||||
8,900 | Howard Hughes Corp, (2) | 995,198 | ||||
10,458 | Hudson Pacific Properties Inc | 375,651 | ||||
15,927 | iStar Inc | 207,210 | ||||
8,011 | Kilroy Realty Corp | 672,363 | ||||
313 | Life Storage Inc | 34,092 | ||||
16,388 | MGM Growth Properties LLC, Class A | 511,469 | ||||
11,849 | Office Properties Income Trust | 377,746 | ||||
9,136 | Omega Healthcare Investors Inc | 402,349 | ||||
29,477 | Outfront Media Inc | 775,540 | ||||
33,737 | Park Hotels & Resorts Inc. | 784,385 | ||||
16,643 | PotlatchDeltic Corp | 706,828 | ||||
8,564 | QTS Realty Trust Inc, Class A | 458,945 | ||||
29,400 | Rayonier Inc | 793,212 | ||||
27,207 | Realogy Holdings Corp | 214,391 | ||||
5,734 | Redfin Corp, (2) | 99,714 | ||||
7,014 | Rexford Industrial Realty Inc | 337,303 | ||||
40,682 | RLJ Lodging Trust | 667,592 | ||||
26,897 | Sabra Health Care REIT Inc | 661,666 | ||||
3,048 | St Joe Co, (2) | 56,540 | ||||
55,879 | Sunstone Hotel Investors Inc | 754,925 | ||||
42,722 | Uniti Group Inc | 295,636 | ||||
65,318 | VICI Properties Inc | 1,538,239 | ||||
43,750 | Washington Prime Group Inc | 184,625 | ||||
3,643 | Washington Real Estate Investment Trust | 113,006 | ||||
Total Real Estate | 20,203,421 | |||||
Utilities – 2.8% | ||||||
13,834 | NextEra Energy Partners LP | 729,052 | ||||
12,967 | ONE Gas Inc | 1,203,856 | ||||
9,375 | Ormat Technologies Inc | 717,750 |
Shares | Description (1) | Value | ||||
Utilities(continued) | ||||||
21,836 | Pattern Energy Group Inc, Class A | $612,063 | ||||
13,118 | Southwest Gas Holdings Inc | 1,145,201 | ||||
15,579 | TerraForm Power Inc, Class A, (2) | 264,532 | ||||
Total Utilities | 4,672,454 | |||||
Total Common Stocks (cost $163,017,957) | 167,316,803 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
1,243 | First Eagle Private Credit LLC, (4) | $300 | ||||
Total Common Stock Rights (cost $-) | 300 | |||||
Total Long-Term Investments (cost $163,017,957) | 167,317,103 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |
SHORT-TERM INVESTMENTS – 0.6% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.6% | ||||||
$1,030 | Federal Home Loan Banks, Discount Notes | 0.000% | 11/01/19 | N/R | $1,030,000 | |
Total Short-Term Investments (cost $1,030,000) | 1,030,000 | |||||
Total Investments (cost $164,047,957) – 100.5% | 168,347,103 | |||||
Other Assets Less Liabilities – (0.5)% | (831,742) | |||||
Net Assets – 100% | $167,515,361 |
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 fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(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 3 - 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. Ratings are not covered by the report of independent registered public accounting firm. | |
REIT | Real Estate Investment Trust |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Assets | ||||||||
Long-term investments, at value (cost $55,578,453, $62,848,161, $7,795,320, $78,747,108, $89,475,872, $49,704,970, $51,857,161 and $163,017,957, respectively) | $56,187,163 | $66,612,144 | $8,380,744 | $83,618,777 | $94,339,253 | $53,169,877 | $54,448,328 | $167,317,103 |
Short-term investments, at value (cost approximates value) | 110,000 | — | — | 140,000 | 110,000 | — | 100,000 | 1,030,000 |
Cash | — | 43,447 | 14,516 | 6,210 | 351 | 62,777 | 6,053 | 5,565 |
Cash denominated in foreign currencies (cost $23,617, $2,405, $—, $—, $—, $—, $—and $—, respectively) | 23,615 | 2,406 | — | — | — | — | — | — |
Receivable for: | ||||||||
Dividends | 44,944 | 160,522 | 9,364 | 47,703 | 136,405 | 9,043 | 48,425 | 65,982 |
Reclaims | 387 | 56,717 | 192 | 1,475 | 622 | 10 | 361 | 20 |
Shares sold | — | — | — | — | 9,098 | — | 3,294 | — |
Total assets | 56,366,109 | 66,875,236 | 8,404,816 | 83,814,165 | 94,595,729 | 53,241,707 | 54,606,461 | 168,418,670 |
Liabilities | ||||||||
Cash overdraft | 1,130 | — | — | — | — | — | — | — |
Payable for: | ||||||||
Capital gains tax | 24,623 | — | — | — | — | — | — | — |
Investments purchased | 63,916 | — | — | — | — | — | — | 847,089 |
Shares redeemed | — | — | — | — | — | 1,228 | 13,193 | — |
Accrued expenses: | ||||||||
Management fees | 21,023 | 21,579 | 1,273 | 23,808 | 25,064 | 17,914 | 19,598 | 53,847 |
Professional fees | 429 | 491 | 37 | 528 | 637 | 454 | 500 | 1,054 |
Trustees Fees | 483 | 534 | 50 | 599 | 674 | 482 | 529 | 1,319 |
Total liabilities | 111,604 | 22,604 | 1,360 | 24,935 | 26,375 | 20,078 | 33,820 | 903,309 |
Net assets | $56,254,505 | $66,852,632 | $8,403,456 | $83,789,230 | $94,569,354 | $53,221,629 | $54,572,641 | $167,515,361 |
Shares outstanding | 2,200,000 | 2,500,000 | 300,000 | 2,150,000 | 3,000,000 | 1,600,000 | 1,850,000 | 5,650,000 |
Net asset value ("NAV") per share | $25.57 | $26.74 | $28.01 | $38.97 | $31.52 | $33.26 | $29.50 | $29.65 |
Net assets consist of: | ||||||||
Capital paid-in | $58,486,764 | $64,586,683 | $7,765,666 | $77,877,975 | $89,061,950 | $50,247,612 | $52,590,152 | $165,800,532 |
Total distributable earnings | (2,232,259) | 2,265,949 | 637,790 | 5,911,255 | 5,507,404 | 2,974,017 | 1,982,489 | 1,714,829 |
Net assets | $56,254,505 | $66,852,632 | $8,403,456 | $83,789,230 | $94,569,354 | $53,221,629 | $54,572,641 | $167,515,361 |
Authorized shares | Unlimited | 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 | $0.01 |
NUEM | NUDM | NULC(1) | NULG | NULV | NUMG | NUMV | NUSC | |
Investment Income | $1,478,885 | $2,023,159 | $51,606 | $744,455 | $1,801,262 | $318,655 | $1,434,031 | $1,805,157 |
Foreign tax withheld on dividend income | (145,422) | (176,135) | — | — | — | — | — | (2,262) |
Total investment income | 1,333,463 | 1,847,024 | 51,606 | 744,455 | 1,801,262 | 318,655 | 1,434,031 | 1,802,895 |
Expenses | ||||||||
Management fees | 217,729 | 214,904 | 5,278 | 222,495 | 219,753 | 216,045 | 211,177 | 457,888 |
Professional fees | 817 | 961 | 38 | 1,166 | 1,213 | 994 | 959 | 2,036 |
Trustees fees | 1,379 | 1,569 | 72 | 1,925 | 1,916 | 1,616 | 1,582 | 3,436 |
Total expenses | 219,925 | 217,434 | 5,388 | 225,586 | 222,882 | 218,655 | 213,718 | 463,360 |
Net investment income (loss) | 1,113,538 | 1,629,590 | 46,218 | 518,869 | 1,578,380 | 100,000 | 1,220,313 | 1,339,535 |
Realized and Unrealized Gain (Loss) | ||||||||
Net realized gain (loss) from: | ||||||||
Investments and foreign currency | (3,154,477) | (2,732,365) | 6,148 | 520,420 | (717,879) | (615,383) | (1,668,847) | (3,851,333) |
In-kind redemptions | — | 453,307 | 232,511 | 8,035,976 | 2,065,646 | 5,884,898 | 2,972,359 | 4,301,196 |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 5,508,424 | 8,050,579 | 585,424 | 2,621,173 | 5,052,201 | 3,659,213 | 3,943,286 | 7,566,647 |
Net realized and unrealized gain (loss) | 2,353,947 | 5,771,521 | 824,083 | 11,177,569 | 6,399,968 | 8,928,728 | 5,246,798 | 8,016,510 |
Net increase (decrease) in net assets from operations | $3,467,485 | $7,401,111 | $870,301 | $11,696,438 | $7,978,348 | $9,028,728 | $6,467,111 | $9,356,045 |
(1) | For the period June 3, 2019 (commencement of operations) through October 31, 2019. |
NUEM | NUDM | ||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||
Operations | |||||
Net investment income (loss) | $1,113,538 | $794,424 | $1,629,590 | $1,162,797 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (3,154,477) | (669,421) | (2,732,365) | (271,500) | |
In-kind redemptions | — | — | 453,307 | — | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 5,508,424 | (6,055,818) | 8,050,579 | (4,874,240) | |
Net increase (decrease) in net assets from operations | 3,467,485 | (5,930,815) | 7,401,111 | (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 | 17,891,627 | 16,928,471 | 22,035,244 | 23,801,244 | |
Cost of shares redeemed | — | — | (4,760,320) | — | |
Net increase (decrease) in net assets from Fund share transactions | 17,891,627 | 16,928,471 | 17,274,924 | 23,801,244 | |
Net increase (decrease) in net assets | 20,577,512 | 10,760,016 | 23,468,895 | 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 | $56,254,505 | $35,676,993 | $66,852,632 | $43,383,737 |
NULC | NULG | |||
For the period 6/3/19 (commencement of operations) through 10/31/19 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||
Operations | ||||
Net investment income (loss) | $46,218 | $518,869 | $342,761 | |
Net realized gain (loss) from: | ||||
Investments and foreign currency | 6,148 | 520,420 | 1,630,906 | |
In-kind redemptions | 232,511 | 8,035,976 | 735,242 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 585,424 | 2,621,173 | 1,080,686 | |
Net increase (decrease) in net assets from operations | 870,301 | 11,696,438 | 3,789,595 | |
Distributions to Shareholders | ||||
Dividends | — | (2,078,290) | (246,220) | |
Decrease in net assets from distributions to shareholders | — | (2,078,290) | (246,220) | |
Fund Share Transactions | ||||
Proceeds from shares sold | 11,510,375 | 57,491,685 | 34,579,855 | |
Cost of shares redeemed | (3,977,220) | (42,532,205) | (3,291,410) | |
Net increase (decrease) in net assets from Fund share transactions | 7,533,155 | 14,959,480 | 31,288,445 | |
Net increase (decrease) in net assets | 8,403,456 | 24,577,628 | 34,831,820 | |
Net assets at the beginning of period | — | 59,211,602 | 24,379,782 | |
Net assets at the end of period | $8,403,456 | $83,789,230 | $59,211,602 |
NULV | NUMG | ||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||
Operations | |||||
Net investment income (loss) | $1,578,380 | $963,714 | $100,000 | $101,086 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (717,879) | 732,401 | (615,383) | 2,109,805 | |
In-kind redemptions | 2,065,646 | 1,136,754 | 5,884,898 | 221,974 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 5,052,201 | (1,037,741) | 3,659,213 | (969,329) | |
Net increase (decrease) in net assets from operations | 7,978,348 | 1,795,128 | 9,028,728 | 1,463,536 | |
Distributions to Shareholders | |||||
Dividends | (1,852,310) | (489,300) | (2,222,550) | (221,130) | |
Decrease in net assets from distributions to shareholders | (1,852,310) | (489,300) | (2,222,550) | (221,130) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 64,336,100 | 24,269,935 | 26,478,635 | 28,270,865 | |
Cost of shares redeemed | (21,887,605) | (7,408,650) | (29,451,580) | (1,454,885) | |
Net increase (decrease) in net assets from Fund share transactions | 42,448,495 | 16,861,285 | (2,972,945) | 26,815,980 | |
Net increase (decrease) in net assets | 48,574,533 | 18,167,113 | 3,833,233 | 28,058,386 | |
Net assets at the beginning of period | 45,994,821 | 27,827,708 | 49,388,396 | 21,330,010 | |
Net assets at the end of period | $94,569,354 | $45,994,821 | $53,221,629 | $49,388,396 |
NUMV | NUSC | ||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||
Operations | |||||
Net investment income (loss) | $1,220,313 | $948,596 | $1,339,535 | $632,874 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (1,668,847) | 588,130 | (3,851,333) | 2,114,159 | |
In-kind redemptions | 2,972,359 | — | 4,301,196 | 384,322 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 3,943,286 | (1,712,176) | 7,566,647 | (4,861,143) | |
Net increase (decrease) in net assets from operations | 6,467,111 | (175,450) | 9,356,045 | (1,729,788) | |
Distributions to Shareholders | |||||
Dividends | (1,671,950) | (315,225) | (2,978,020) | (387,730) | |
Decrease in net assets from distributions to shareholders | (1,671,950) | (315,225) | (2,978,020) | (387,730) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 23,919,765 | 24,857,815 | 107,483,270 | 53,444,235 | |
Cost of shares redeemed | (21,460,765) | — | (26,792,655) | (1,508,955) | |
Net increase (decrease) in net assets from Fund share transactions | 2,459,000 | 24,857,815 | 80,690,615 | 51,935,280 | |
Net increase (decrease) in net assets | 7,254,161 | 24,367,140 | 87,068,640 | 49,817,762 | |
Net assets at the beginning of period | 47,318,480 | 22,951,340 | 80,446,721 | 30,628,959 | |
Net assets at the end of period | $54,572,641 | $47,318,480 | $167,515,361 | $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 | $23.78 | $0.58 | $1.70 | $2.28 | $(0.49) | $ — | $(0.49) | $25.57 | $25.71 | |
2018 | 27.69 | 0.59 | (4.31) | (3.72) | (0.18) | (0.01) | (0.19) | 23.78 | 23.92 | |
2017(d) | 24.95 | 0.20 | 2.54 | 2.74 | — | — | — | 27.69 | 28.05 | |
NUDM | ||||||||||
2019 | 24.10 | 0.75 | 2.44 | 3.19 | (0.55) | — | (0.55) | 26.74 | 26.86 | |
2018 | 26.39 | 0.71 | (2.87) | (2.16) | (0.12) | (0.01) | (0.13) | 24.10 | 24.12 | |
2017(d) | 24.88 | 0.17 | 1.34 | 1.51 | — | — | — | 26.39 | 26.57 | |
NULC | ||||||||||
2019(e) | 24.96 | 0.19 | 2.86 | 3.05 | — | — | — | 28.01 | 27.99 | |
NULG | ||||||||||
2019 | 33.84 | 0.29 | 5.96 | 6.25 | (0.24) | (0.88) | (1.12) | 38.97 | 39.00 | |
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 | 28.75 | 0.74 | 3.00 | 3.74 | (0.57) | (0.40) | (0.97) | 31.52 | 31.52 | |
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 | 29.93 | 0.06 | 4.62 | 4.68 | (0.06) | (1.29) | (1.35) | 33.26 | 33.32 | |
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 | 27.04 | 0.64 | 2.78 | 3.42 | (0.62) | (0.34) | (0.96) | 29.50 | 29.57 | |
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 | 28.23 | 0.34 | 2.06 | 2.40 | (0.27) | (0.71) | (0.98) | 29.65 | 29.70 | |
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) |
9.68% | 9.70% | $56,255 | 0.45% | 2.30% | 53% |
(13.55) | (14.18) | 35,676 | 0.45 | 2.12 | 65 |
11.03 | 12.42 | 24,917 | 0.45* | 1.86* | 13 |
13.71 | 14.10 | 66,853 | 0.40 | 3.03 | 57 |
(8.25) | (8.79) | 43,384 | 0.40 | 2.71 | 56 |
6.07 | 6.78 | 23,755 | 0.40* | 1.65* | 9 |
12.22 | 12.14 | 8,403 | 0.20* | 1.75* | 9 |
19.57 | 19.53 | 83,789 | 0.35 | 0.82 | 61 |
11.70 | 11.61 | 59,212 | 0.35 | 0.73 | 65 |
20.88 | 21.10 | 24,380 | 0.35* | 0.98* | 30 |
13.80 | 13.59 | 94,569 | 0.35 | 2.51 | 66 |
4.57 | 4.56 | 45,995 | 0.35 | 2.46 | 59 |
10.90 | 11.11 | 27,828 | 0.35* | 2.30* | 33 |
16.93 | 16.41 | 53,222 | 0.40 | 0.19 | 67 |
5.84 | 6.41 | 49,388 | 0.40 | 0.23 | 60 |
13.30 | 13.38 | 21,330 | 0.40* | 0.38* | 53 |
13.51 | 13.57 | 54,573 | 0.40 | 2.31 | 70 |
0.97 | 1.13 | 47,318 | 0.40 | 2.30 | 69 |
7.82 | 7.86 | 22,951 | 0.40* | 2.12* | 46 |
9.24 | 9.26 | 167,515 | 0.40 | 1.17 | 32 |
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 4 - Portfolio Securities and Investments in Derivatives) 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 5 - Fund Shares). |
(d) | For the period June 6, 2017 (commencement of operations) through October 31, 2017. |
(e) | For the period June 3, 2019 (commencement of operations) through October 31, 2019. |
(f) | For the period December 13, 2016 (commencement of operations) through October 31, 2017. |
* | Annualized. |
NUEM | Value | % of Net Assets |
Country: | ||
China | $18,769,641 | 33.4% |
Taiwan | 7,606,430 | 13.5 |
Korea, Republic of | 5,851,584 | 10.4 |
India | 5,293,731 | 9.4 |
Brazil | 4,512,745 | 8.0 |
South Africa | 2,546,171 | 4.5 |
Thailand | 1,609,519 | 2.9 |
Mexico | 1,575,804 | 2.8 |
Saudi Arabia | 1,411,565 | 2.5 |
Malaysia | 1,072,848 | 1.9 |
Other | 5,937,125 | 10.6 |
Total non-U.S. securities | $56,187,163 | 99.9% |
NUDM | Value | % of Net Assets |
Country: | ||
Japan | $16,480,220 | 24.7% |
United Kingdom | 10,703,026 | 16.0 |
France | 7,711,290 | 11.5 |
Germany | 6,041,027 | 9.0 |
Switzerland | 5,983,389 | 8.9 |
Australia | 4,402,134 | 6.6 |
Hong Kong | 2,290,579 | 3.4 |
Netherlands | 2,247,359 | 3.4 |
Sweden | 1,952,383 | 2.9 |
Spain | 1,873,481 | 2.8 |
Other | 6,927,256 | 10.4 |
Total non-U.S. securities | $66,612,144 | 99.6% |
NUEM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $55,210,367 | $976,178** | $616*** | $56,187,161 |
Corporate Bonds | — | 2 | — | 2 |
Common Stock Rights | — | — | —**** | — |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 110,000 | — | 110,000 |
Total | $55,210,367 | $1,086,180 | $616 | $56,297,163 |
NUDM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $66,612,144 | $ — | $ — | $66,612,144 |
NULC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $8,380,744 | $ — | $ — | $8,380,744 |
NULG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $83,618,777 | $ — | $ — | $83,618,777 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 140,000 | — | 140,000 |
Total | $83,618,777 | $140,000 | $ — | $83,758,777 |
NULV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $94,339,253 | $ — | $ — | $94,339,253 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 110,000 | — | 110,000 |
Total | $94,339,253 | $110,000 | $ — | $94,449,253 |
NUMG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $53,169,877 | $ — | $ — | $53,169,877 |
NUMV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $54,448,328 | $ — | $ — | $54,448,328 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 100,000 | — | 100,000 |
Total | $54,448,328 | $100,000 | $ — | $54,548,328 |
NUSC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $167,305,201 | $11,602** | $ — | $167,316,803 |
Common Stock Rights | — | — | 300*** | 300 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 1,030,000 | — | 1,030,000 |
Total | $167,305,201 | $1,041,602 | $300 | $168,347,103 |
* | 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. |
**** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. Value equals zero as of the end of the reporting period. |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Purchases | $39,420,741 | $31,714,385 | $655,444 | $38,254,295 | $41,378,868 | $35,417,610 | $36,613,450 | $68,202,571 |
Sales | 25,807,975 | 30,643,864 | 595,185 | 39,341,112 | 41,566,906 | 37,490,536 | 36,945,450 | 68,712,331 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
In-kind purchases | $4,505,861 | $21,005,655 | $11,470,505 | $57,381,221 | $64,138,922 | $26,439,560 | $23,774,536 | $106,930,152 |
In-kind sales | — | 4,540,614 | 3,974,102 | 42,301,925 | 21,830,758 | 29,423,190 | 21,407,425 | 26,614,600 |
NUEM | NUDM | ||||||||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 700,000 | $17,891,627 | 600,000 | $16,928,471 | 900,000 | $22,035,244 | 900,000 | $23,801,244 | |||
Shares redeemed | — | — | — | — | (200,000) | (4,760,320) | — | — | |||
Net increase (decrease) | 700,000 | $17,891,627 | 600,000 | $16,928,471 | 700,000 | $17,274,924 | 900,000 | $23,801,244 |
NULC | NULG | |||||||
For the period 6/3/19 (commencement of operations) through 10/31/19 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||||||
Shares | Amount | Shares | Amount | Shares | Amount | |||
Shares sold | 450,002 | $11,510,375 | 1,550,000 | $57,491,685 | 1,050,000 | $34,579,855 | ||
Shares redeemed | (150,002) | (3,977,220) | (1,150,000) | (42,532,205) | (100,000) | (3,291,410) | ||
Net increase (decrease) | 300,000 | $7,533,155 | 400,000 | $14,959,480 | 950,000 | $31,288,445 |
NULV | NUMG | ||||||||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 2,150,000 | $64,336,100 | 850,000 | $24,269,935 | 850,000 | $26,478,635 | 950,000 | $28,270,865 | |||
Shares redeemed | (750,000) | (21,887,605) | (250,000) | (7,408,650) | (900,000) | (29,451,580) | (50,000) | (1,454,885) | |||
Net increase (decrease) | 1,400,000 | $42,448,495 | 600,000 | $16,861,285 | (50,000) | $(2,972,945) | 900,000 | $26,815,980 |
NUMV | NUSC | ||||||||||
Year Ended 10/31/19 | Year Ended 10/31/18 | Year Ended 10/31/19 | Year Ended 10/31/18 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 850,000 | $23,919,765 | 900,000 | $24,857,815 | 3,750,000 | $107,483,270 | 1,800,000 | $53,444,235 | |||
Shares redeemed | (750,000) | (21,460,765) | — | — | (950,000) | (26,792,655) | (50,000) | (1,508,955) | |||
Net increase (decrease) | 100,000 | $2,459,000 | 900,000 | $24,857,815 | 2,800,000 | $80,690,615 | 1,750,000 | $51,935,280 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Tax cost of investments | $56,151,867 | $63,183,298 | $7,795,377 | $78,973,383 | $89,739,431 | $49,801,425 | $52,026,512 | $164,744,105 |
Gross unrealized: | ||||||||
Appreciation | $4,937,724 | $6,335,022 | $638,472 | $5,778,745 | $6,644,657 | $5,224,045 | $4,552,184 | $15,188,645 |
Depreciation | (4,792,428) | (2,906,176) | (53,105) | (993,351) | (1,934,835) | (1,855,593) | (2,030,368) | (11,585,647) |
Net unrealized appreciation (depreciation) of investments | $145,296 | $3,428,846 | $585,367 | $4,785,394 | $4,709,822 | $3,368,452 | $2,521,816 | $3,602,998 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Undistributed net ordinary income1 | $969,939 | $1,653,889 | $52,423 | $367,571 | $1,322,606 | $79,346 | $1,010,407 | $1,107,309 |
Undistributed net long-term capital gains | — | — | — | 758,290 | — | — | — | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
2019 | NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC |
Distributions from net ordinary income1 | $781,600 | $1,207,140 | $ — | $2,009,424 | $1,759,621 | $1,876,412 | $1,564,746 | $2,491,947 |
Distributions from net long-term capital gains2 | — | — | — | 68,866 | 92,689 | 346,138 | 107,204 | 486,073 |
2018 | NUEM | NUDM | NULC | 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. |
2 | The Funds designate as long-term capital gain dividend, pursuant to the Internal Revenue Code 852(b)(3), the amount necessary to reduce earnings and profits of the Funds related to net capital gain to zero for the tax year ended October 31, 2019. |
NUEM | NUDM | NULV | NUMG | NUMV | NUSC | |
Not subject to expiration: | ||||||
Short-term | $1,498,332 | $1,533,715 | $284,311 | $473,781 | $1,032,793 | $2,605,462 |
Long-term | 1,823,881 | 1,282,807 | 240,713 | — | 516,941 | 390,016 |
Total | $3,322,213 | $2,816,522 | $525,024 | $473,781 | $1,549,734 | $2,995,478 |
Fund | Management Fee |
NUEM | 0.45% |
NUDM | 0.40 |
NULC | 0.20 |
NULG | 0.35 |
NULV | 0.35 |
NUMG | 0.40 |
NUMV | 0.40 |
NUSC | 0.40 |
Inter-Fund Trades | NULC | NULG | NULV | NUMG | NUMV | NUSC |
Purchases | $123,621 | $5,390,255 | $10,861,462 | $7,216,409 | $6,764,495 | $1,429,558 |
Sales | 137,626 | 8,363,031 | 5,827,566 | 6,327,279 | 6,111,068 | 4,592,610 |
Fund | NUEM | NUDM | NULC | NUMG | NUMV |
TIAA owned shares | 1,400,000 | 1,300,000 | 190,000 | 225,000 | 400,000 |
NUEM | NUDM | ||||
Year Ended October 31, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
1.01% to 3.00% | 99 | 39.4% | 12 | 4.8% | |
0.51% to 1.00% | 100 | 39.8% | 84 | 33.5% | |
0.26% to 0.50% | 23 | 9.2% | 60 | 23.9% | |
0.00 to 0.25% | 16 | 6.4% | 41 | 16.3% | |
(0.01)% to (0.25)% | 4 | 1.6% | 29 | 11.5% | |
(0.26)% to (0.50)% | 3 | 1.2% | 18 | 7.2% | |
(0.51)% to (1.00)% | 6 | 2.4% | 4 | 1.6% | |
(1.01)% to (3.00)% | — | 0.0% | 3 | 1.2% | |
251 | 100% | 251 | 100% |
NULC | |||||
For the period June 3, 2019 (commencement of operations) through October 31, 2019 | Number of Days | % of Total Days | |||
Premium/Discount Range: | |||||
0.00% to 0.25% | 64 | 59.8% | |||
(0.01)% to (0.25)% | 43 | 40.2% | |||
107 | 100% |
NULG | NULV | ||||
Year Ended October 31, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
0.00% to 0.25% | 237 | 94.4% | 229 | 91.2% | |
(0.01)% to (0.25)% | 14 | 5.6% | 22 | 8.8% | |
251 | 100% | 251 | 100% |
NUMG | NUMV | NUSC | ||||||||
Year Ended October 31, 2019 | Number of Days | % of Total Days | Number of Days | % of Total Days | Number of Days | % of Total Days | ||||
Premium/Discount Range: | ||||||||||
0.00% to 0.25% | 238 | 94.8% | 224 | 89.2% | 245 | 97.6% | ||||
(0.01)% to (0.25)% | 13 | 5.2% | 27 | 10.8% | 6 | 2.4% | ||||
251 | 100% | 251 | 100% | 251 | 100.0% |
NUEM | NUDM | NULG | NULV | NUMG | NUMV | NUSC | |
% of QDI | 54.4% | 100.0% | 25.5% | 60.9% | 13.2% | 59.0% | 20.6% |
% of DRD | 0.0% | 0.0% | 23.9% | 57.1% | 13.2% | 52.4% | 20.2% |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to enhance the shareholder outcomes through, among other things, repositioning funds, merging funds, reviewing and updating investment policies and benchmarks, modifying the composition of certain portfolio management teams and analyzing various data to help devise such improvements; |
• | Capital Initiatives – continuing to invest capital to support new funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Compliance Program Initiatives – continuing efforts to enhance the compliance program through, among other things, internally integrating various portfolio management teams and aligning compliance support accordingly, completing a comprehensive review of existing policies and procedures and revising such policies and procedures as appropriate, enhancing compliance-related technologies and workflows, and optimizing compliance shared services across the organization and affiliates; |
• | Risk Management and Valuation Services – continuing efforts to strengthen the risk management functions, including through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates, increasing the efficiency of risk monitoring performed on the Nuveen funds through improved reporting, continuing to implement risk programs designed to provide a more disciplined and consistent approach to identifying and mitigating operational risks, continuing progress on implementing a liquidity program that complies with the new liquidity regulatory requirements and continuing to oversee the daily valuation process; |
• | Additional Compliance Services – continuing investment of time and resources necessary to develop the compliance policies and procedures and other related tools necessary to meet the various new regulatory requirements affecting the Nuveen funds that have been adopted over recent years; |
• | Government Relations – continuing efforts of various Nuveen teams and affiliates to advocate and communicate their positions with lawmakers and other regulatory bodies on issues that will impact the Nuveen funds; |
• | Business Continuity, Disaster Recovery and Information Services – establishing an information security program to help identify and manage information security risks, periodically testing disaster recovery plans, maintaining and updating business continuity plans and providing reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, incident tracking and other relevant information technology risk-related reports; and |
• | Expanded Dividend Management Services – continuing to expand the services necessary to manage the dividends among the varying types of Nuveen funds that have developed as the Nuveen complex has grown in size and scope. |
• | the nature, extent and quality of the services expected to be provided by the Fund Adviser; |
• | the organization of the Fund Adviser, including the responsibilities of various departments and key personnel; |
• | the relevant expertise and background of the Fund Adviser with respect to the Fund’s investment strategy; |
• | certain performance-related information (as described below); |
• | certain profitability-related information (as described below); |
• | the Fund’s proposed unitary fee structure, including comparisons of the Fund’s proposed net expense ratio with the net expense ratios of comparable funds; and |
• | the soft dollar practices of the Fund Adviser, if any. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Independent Trustees: | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chairman and Trustee | 2008 | Formerly, a Co-Founding Partner, Promus Capital (2008-2017); Director, Quality Control Corporation (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (2010-2019); formerly, Director, Legal & General Investment Management America, Inc. (2008-2013); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 159 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, a private philanthropic corporation; Director and Chairman, United Fire Group, a publicly held company; Director, Public member, American Board of Orthopaedic Surgery (since 2015); Life Trustee of Coe College and the Iowa College Foundation; formerly, President Pro-Tem of the Board of Regents for the State of Iowa University System; formerly, Director, Alliant Energy and The Gazette Company; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., a regional financial services firm. | 159 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 159 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, a management consulting firm (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., a provider of solutions and services to facilitate electronic payment transactions; formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc., including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (1996-1997); formerly, various executive positions (1991-1996) and Chief Executive Officer (1995-1996) of Zenith Electronics Corporation. | 159 |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2013 | Member of Board of Directors of Core12 LLC (since 2008), a private firm which develops branding, marketing and communications strategies for clients; served on The President's Council, Fordham University (2010-2018); and previously was a Director of The Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the financial services practice of Deloitte Consulting LLP (2012-2014); formerly, Chairman of the Board of Trustees of Marian University (2010 as trustee, 2011- 2014 as Chairman); formerly, Chief Executive Officer of ABN AMRO N.V. North America, and Global Head of its Financial Markets Division (2007-2008); prior senior positions held at ABN AMRO include Corporate Executive Vice President and Head of Global Markets-the Americas (2006-2007), CEO of Wholesale Banking-North America and Global Head of Foreign Exchange and Futures Markets (2001-2006), and Regional Commercial Treasurer and Senior Vice President Trading-North America (1996-2001); formerly, Trustee at St. Edmund Preparatory School in New York City. | 159 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1997 | Board Member, Land Trust Alliance (since 2013) and U.S. Endowment for Forestry and Communities (since 2013); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation; prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994). | 159 |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); Director, Cboe Global Markets, Inc., formerly, CBOE Holdings, Inc. (since 2010); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 159 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 159 |
Robert L. Young(2) 1963 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (formerly, One Group Dealer Services, Inc.) (1999-2017). | 157 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Interested Trustee: | ||||
Margo L. Cook(3) 1964 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | President (since 2017), formerly, Co-Chief Executive Officer and Co-President (2016-2017), formerly, Senior Executive Vice President of Nuveen Investments, Inc; Executive Vice President (since 2017) of Nuveen, LLC; President, Global Products and Solutions (since 2017), and Co-Chief Executive Officer (since 2015), formerly, Executive Vice President (2013-2015) of Nuveen Securities, LLC; President (since 2017), formerly, Co-President (2016-2017), formerly Senior Executive Vice President (2015-2016) of Nuveen Fund Advisors, LLC (Executive Vice President 2011-2015); President (since 2017), Nuveen Alternative Investments, LLC; Chartered Financial Analyst. | 159 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (4) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Jordan M. Farris 1980 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2019 | Managing Director (since 2017), formerly Vice President (2016-2017), Head of Product Management and Development, ETFs, Nuveen Securities, LLC; Director, Guggenheim Funds Distributors (2013-2016). | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Assistant Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors (since 2017); Vice President and Associate General Counsel of Nuveen (since 2013) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management (since 2018). |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (4) | Principal Occupation(s) During Past 5 Years | |
Diana R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2017); Associate General Counsel of Jackson National Asset Management (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Walter M. Kelly 1970 333 W. Wacker Drive Chicago, IL 60606 | Chief Compliance Officer and Vice President | 2003 | Managing Director (since 2017), formerly, Senior Vice President (2008-2017) of Nuveen Investments Holdings, Inc. | |
Tina M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (from 2013-2019). | |
Kevin J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC, formerly, Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC, formerly Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-2017); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Symphony Asset Management, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (4) | Principal Occupation(s) During Past 5 Years | |
Christopher M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Secretary | 2008 | Managing Director (since 2017) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2017), formerly, Senior Vice President (2016-2017), Co-General Counsel (since 2019) and Assistant Secretary (since 2016) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Senior Vice President (2012-2017) and Associate General Counsel (since 2016), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
William A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen. | |
E. Scott Wickerham 1973 TIAA 730 Third Avenue New York, NY 10017 | Vice President and Controller | 2019 | Senior Managing Director, Head of Fund Administration at Nuveen, LLC (since 2019), formerly, Managing Director; Senior Managing Director (since 2019), Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the Treasurer (since 2017) to the CREF Accounts; Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 1988 | Managing Director (since 2002), and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2011); Vice President (since 2017), formerly, Managing Director (2003-2017) and Assistant Secretary (since 2003) of Symphony Asset Management LLC ; Managing Director and Assistant Secretary (since 2002) of Nuveen Investments Advisers, LLC; Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (since 2002), Santa Barbara Asset Management, LLC (since 2006) and of Winslow Capital Management, LLC, (since 2010); Chartered Financial Analyst. |
![](https://capedge.com/proxy/N-CSR/0001193125-20-003624/g804869img77b8f4c11.gif)
Serving Investors for Generations
ITEM 2. CODE OF ETHICS.
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans and William C. Hunter, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Currently, Ms. Stone is on the Board of Directors of CBOE Holdings, Inc., of the Chicago Board Options Exchange, and of C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee has involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Hunter was formerly a Senior Vice President at the Federal Reserve Bank of Chicago. As part of his role as Senior Vice President, Mr. Hunter was the senior officer responsible for all operations of each of the Economic Research, Statistics, and Community and Consumer Affairs units at the Federal Reserve Bank of Chicago. In such capacity, Mr. Hunter oversaw the subunits of the Statistics and Community and Consumer Affairs divisions responsible for the analysis and evaluation of bank and bank holding company financial statements and financial filings. Prior to serving as Senior Vice President at the Federal Reserve Bank of Chicago, Mr. Hunter was the Vice President of the Financial Markets unit at the Federal Reserve Bank of Atlanta where he supervised financial staff and bank holding company analysts who analyzed and evaluated bank and bank holding company financial statements. Mr. Hunter also currently serves on the Boards of Directors of Xerox Corporation and Wellmark, Inc. as well as on the Audit Committees of such Boards. As an Audit Committee member, Mr. Hunter’s responsibilities include, among other things, reviewing financial statements, internal audits and internal controls over financial reporting. Mr. Hunter also formerly was a Professor of Finance at the University of Connecticut School of Business and has authored numerous scholarly articles on the topics of finance, accounting and economics.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
The following tables show the amount of fees that KPMG LLP, the Funds’ auditor, billed to the Funds’ during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that KPMG LLP provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The preapproval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
Fiscal Year Ended October 31, 2019 | Audit Fees Billed to Funds1 | Audit-Related Fees Billed to Funds2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name * | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Emerging Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap ETF 5 | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGMid-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGMid-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGSmall-Cap ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 132,220 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
5 | Fund commenced operations on June 4, 2019. |
* | All funds were rebranded from Nushares to Nuveen on December 13, 2018. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGLarge-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGLarge-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGLarge-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGMid-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGMid-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESGSmall-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Fiscal Year Ended October 31, 2018 | Audit Fees Billed to Funds1 | Audit-Related Fees Billed to Funds2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nushares ESG International Developed Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nushares ESG Emerging Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nushares ESGLarge-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nushares ESGLarge-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nushares ESGMid-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nushares ESGMid-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nushares ESGSmall-Cap ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
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|
|
|
|
|
|
| |||||||||
Total | $ | 116,300 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuantto Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nushares ESG International Developed Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESG Emerging Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESGLarge-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESGLarge-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESGMid-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESGMid-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nushares ESGSmall-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2019 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nushares ETF Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant toPre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % | |||||||
Fiscal Year Ended October 31, 2018 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nushares ETF Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant toPre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2019 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap Growth ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGLarge-Cap Value ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGMid-Cap Growth ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGMid-Cap Value ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen ESGSmall-Cap ETF | 0 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
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| |||||||||
Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Fiscal Year Ended October 31, 2018 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nushares ESG International Developed Markets Equity ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESG Emerging Markets Equity ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESGLarge-Cap Growth ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESGLarge-Cap Value ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESGMid-Cap Growth ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESGMid-Cap Value ETF | 0 | 0 | 0 | 0 | ||||||||||||
Nushares ESGSmall-Cap ETF | 0 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Audit CommitteePre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) allnon-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit andnon-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be(i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934 (the “Exchange Act”). The registrant’s Board has a separately designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78c(a)(58)(A)). As of the end of the period covered by this report, the members of the audit committee are Jack B. Evans, William C. Hunter, John K. Nelson, Carole E. Stone, Chair and Terence J. Toth.
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 FORCLOSED-END
MANAGEMENT INVESTMENT COMPANIES.
Not applicable to this registrant.
ITEM 8. PORTFOLIO MANAGERS OFCLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable to this registrant.
ITEM 9. PURCHASES OF EQUITY SECURITIES BYCLOSED-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 of Trustees 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 because the code is posted on registrant’s website at www.nuveen.com/fund-governance and there were no amendments during the period covered by this report. (To view the code, click on Code of Conduct.) | |
(a)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant as required byRule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: SeeEX-99.CERT attached hereto. | |
(a)(3) | Any written solicitation to purchase securities under Rule23c-1 under the 1940 Act (17 CFR270.23c-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 the 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 Rule30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)), Rule13a-14(b) or Rule15d-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: SeeEX-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: January 8, 2020
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: January 8, 2020
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: January 8, 2020