UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-23161
Nushares ETF Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
Vice President and Secretary
333 West Wacker Drive, Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: October 31
Date of reporting period: April 30, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
Item 1. Reports to Stockholders.
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 |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NUEM at NAV | 6/06/17 | (8.34)% | (11.51)% | (1.22)% | 0.45% | |
NUEM at Market Price | 6/06/17 | (10.26)% | (13.62)% | (1.76)% | — | |
TIAA ESG Emerging Markets Equity Index | — | (8.20)% | (11.10)% | (0.59)% | — | |
MSCI Emerging Markets Index | — | (10.50)% | (11.99)% | (0.79)% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NUDM at NAV | 6/06/17 | (13.55)% | (8.19)% | (1.52)% | 0.40% | |
NUDM at Market Price | 6/06/17 | (14.78)% | (10.06)% | (1.86)% | — | |
TIAA ESG International Developed Markets Equity Index | — | (13.50)% | (8.03)% | (1.28)% | — | |
MSCI EAFE Index | — | (14.21)% | (11.34)% | (2.11)% | — |
Total Returns as of April 30, 2020 | |||||||
Cumulative | |||||||
Inception Date | 6-Month | Since Inception | Expense Ratio | ||||
NULC at NAV | 6/03/19 | (3.30)% | 8.51% | 0.20% | |||
NULC at Market Price | 6/03/19 | (3.13)% | 8.62% | — | |||
TIAA ESG USA Large-Cap Index | — | (3.23)% | 8.70% | — | |||
MSCI USA Index | — | (2.89)% | 8.17% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NULG at NAV | 12/31/16 | 4.99% | 11.56% | 16.90% | 0.35% | |
NULG at Market Price | 12/31/16 | 5.01% | 11.63% | 16.93% | — | |
TIAA ESG USA Large-Cap Growth Index | — | 5.20% | 12.01% | 17.34% | — | |
MSCI USA Growth Index | — | 7.28% | 12.47% | 17.04% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NULV at NAV | 12/13/16 | (13.64)% | (9.43)% | 3.94% | 0.35% | |
NULV at Market Price | 12/13/16 | (13.51)% | (9.32)% | 3.99% | — | |
TIAA ESG USA Large-Cap Value Index | — | (13.54)% | (9.15)% | 4.30% | — | |
MSCI USA Value Index | — | (13.03)% | (10.24)% | 2.68% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NUMG at NAV | 12/13/16 | 1.83% | 4.28% | 11.11% | 0.40% | |
NUMG at Market Price | 12/13/16 | 1.96% | 4.49% | 11.21% | — | |
TIAA ESG USA Mid-Cap Growth Index | — | 2.04% | 4.71% | 11.58% | — | |
MSCI USA Mid-Cap Growth Index | — | (1.02)% | 1.36% | 9.99% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NUMV at NAV | 12/13/16 | (21.35)% | (18.14)% | (0.84)% | 0.40% | |
NUMV at Market Price | 12/13/16 | (21.53)% | (18.13)% | (0.84)% | — | |
TIAA ESG USA Mid-Cap Value Index | — | (21.25)% | (17.87)% | (0.46)% | — | |
MSCI USA Mid-Cap Value Index | — | (21.39)% | (19.23)% | (0.99)% | — |
Total Returns as of April 30, 2020 | ||||||
Cumulative | Average Annual | |||||
Inception Date | 6-Month | 1-Year | Since Inception | Expense Ratio | ||
NUSC at NAV | 12/13/16 | (15.37)% | (15.96)% | 1.55% | 0.40% | |
NUSC at Market Price | 12/13/16 | (15.51)% | (16.02)% | 1.55% | — | |
TIAA ESG USA Small-Cap Index | — | (15.23)% | (15.64)% | 1.97% | — | |
MSCI USA Small-Cap Index | — | (15.70)% | (16.15)% | 1.42% | — |
Fund Allocation (% of net assets) | |
Common Stocks | 98.8% |
Common Stock Rights | 0.0% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Alibaba Group Holding Ltd ADR | 8.1% |
Tencent Holdings Ltd | 7.4% |
Taiwan Semiconductor Manufacturing Co Ltd | 6.2% |
China Construction Bank Corp | 2.9% |
Naspers Ltd | 2.2% |
Portfolio Composition (% of net assets) | |
Information Technology | 16.2% |
Financials | 16.2% |
Consumer Discretionary | 15.7% |
Communication Services | 12.0% |
Materials | 11.5% |
Industrials | 9.5% |
Consumer Staples | 8.0% |
Real Estate | 2.8% |
Health Care | 2.5% |
Energy | 2.5% |
Utilities | 1.9% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
China | 37.8% |
Taiwan | 13.7% |
Korea, Republic Of | 10.7% |
India | 8.6% |
Brazil | 5.1% |
South Africa | 4.2% |
Saudi Arabia | 2.8% |
Thailand | 2.3% |
Malaysia | 1.9% |
Mexico | 1.9% |
Other | 9.8% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.3% |
Other Assets Less Liabilities | 0.7% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Nestle SA | 4.0% |
SAP SE | 2.2% |
AstraZeneca PLC | 2.2% |
Sony Corp | 2.1% |
L'Oreal SA | 2.1% |
Portfolio Composition (% of net assets) | |
Financials | 16.5% |
Industrials | 16.1% |
Consumer Staples | 14.9% |
Consumer Discretionary | 11.9% |
Health Care | 11.4% |
Materials | 7.5% |
Communication Services | 6.8% |
Information Technology | 5.6% |
Utilities | 3.7% |
Real Estate | 2.8% |
Energy | 2.1% |
Other Assets Less Liabilities | 0.7% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
Japan | 25.9% |
United Kingdom | 14.1% |
France | 10.9% |
Switzerland | 10.3% |
Germany | 8.1% |
Australia | 6.4% |
Netherlands | 4.1% |
Hong Kong | 3.6% |
Spain | 2.8% |
Sweden | 2.6% |
Other | 10.5% |
Other Assets Less Liabilities | 0.7% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 26.8% |
Health Care | 14.1% |
Financials | 10.0% |
Communication Services | 9.7% |
Consumer Discretionary | 9.6% |
Industrials | 9.5% |
Consumer Staples | 6.9% |
Real Estate | 4.2% |
Materials | 4.0% |
Utilities | 2.9% |
Energy | 2.1% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Microsoft Corp | 6.5% |
Alphabet Inc | 4.5% |
Verizon Communications Inc | 2.2% |
NVIDIA Corp | 2.1% |
Procter & Gamble Co/The | 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 | 34.8% |
Consumer Discretionary | 15.3% |
Health Care | 14.0% |
Industrials | 11.8% |
Communication Services | 8.9% |
Financials | 4.7% |
Consumer Staples | 4.5% |
Materials | 4.4% |
Real Estate | 1.4% |
Energy | 0.0% |
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) | |
Alphabet Inc | 7.3% |
Mastercard Inc | 2.9% |
NVIDIA Corp | 2.6% |
Adobe Inc | 2.6% |
Home Depot Inc | 2.5% |
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 | 20.2% |
Health Care | 15.4% |
Consumer Staples | 14.4% |
Industrials | 11.0% |
Information Technology | 10.5% |
Communication Services | 8.2% |
Real Estate | 4.9% |
Materials | 4.6% |
Utilities | 4.5% |
Energy | 3.2% |
Consumer Discretionary | 2.9% |
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) | |
Procter & Gamble Co/The | 4.0% |
Intel Corp | 3.7% |
Verizon Communications Inc | 3.6% |
Merck & Co Inc | 3.3% |
PepsiCo Inc | 3.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 26.1% |
Health Care | 21.5% |
Industrials | 16.4% |
Consumer Discretionary | 11.2% |
Financials | 8.2% |
Communication Services | 7.7% |
Real Estate | 3.2% |
Consumer Staples | 2.9% |
Materials | 2.7% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
DexCom Inc | 3.1% |
MarketAxess Holdings Inc | 2.6% |
Chipotle Mexican Grill Inc | 2.5% |
Verisk Analytics Inc | 2.4% |
Domino's Pizza Inc | 2.4% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Real Estate | 18.4% |
Financials | 18.3% |
Consumer Discretionary | 15.9% |
Industrials | 12.4% |
Information Technology | 9.4% |
Materials | 8.1% |
Consumer Staples | 5.4% |
Health Care | 4.2% |
Communication Services | 3.0% |
Utilities | 2.5% |
Energy | 2.1% |
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) | |
Marvell Technology Group Ltd | 2.9% |
Alexandria Real Estate Equities Inc | 2.7% |
International Flavors & Fragrances Inc | 2.5% |
Tiffany & Co | 2.5% |
CMS Energy Corp | 2.5% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Common Stock Rights | 0.0% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 18.5% |
Health Care | 16.1% |
Industrials | 14.3% |
Financials | 14.0% |
Consumer Discretionary | 12.2% |
Real Estate | 9.5% |
Materials | 4.5% |
Consumer Staples | 3.2% |
Communication Services | 2.8% |
Utilities | 2.7% |
Energy | 2.1% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Entegris Inc | 1.2% |
Service Corp International/US | 0.9% |
First American Financial Corp | 0.9% |
Pool Corp | 0.8% |
Quidel Corp | 0.8% |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 916.60 |
Expenses Incurred During Period | $ 2.14 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.63 |
Expenses Incurred During the Period | $ 2.26 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 864.50 |
Expenses Incurred During Period | $ 1.90 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.82 |
Expenses Incurred During the Period | $ 2.06 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 967.00 |
Expenses Incurred During Period | $ 0.98 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.87 |
Expenses Incurred During the Period | $ 1.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,049.90 |
Expenses Incurred During Period | $ 1.78 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.12 |
Expenses Incurred During the Period | $ 1.76 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 863.60 |
Expenses Incurred During Period | $ 1.62 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.12 |
Expenses Incurred During the Period | $ 1.76 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,018.30 |
Expenses Incurred During Period | $ 2.01 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.87 |
Expenses Incurred During the Period | $ 2.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 786.50 |
Expenses Incurred During Period | $ 1.78 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.87 |
Expenses Incurred During the Period | $ 2.01 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $ 846.30 |
Expenses Incurred During Period | $ 1.84 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.87 |
Expenses Incurred During the Period | $ 2.01 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.8% | ||||||
COMMON STOCKS – 98.8% | ||||||
Communication Services – 12.0% | ||||||
10,855 | Advanced Info Service PCL, (2) | $66,428 | ||||
192,811 | Axiata Group Bhd | 176,669 | ||||
58,976 | Chunghwa Telecom Co Ltd | 217,170 | ||||
4,113 | DiGiCom Bhd | 4,438 | ||||
1,924 | Far EasTone Telecommunications Co Ltd | 4,296 | ||||
4,230 | Intouch Holdings PCL | 6,994 | ||||
6,109 | Maxis Bhd | 7,785 | ||||
1,310 | NAVER Corp | 212,340 | ||||
43 | NCSoft Corp | 22,692 | ||||
46,150 | Orange Polska SA, (3) | 77,731 | ||||
1,411 | SK Telecom Co Ltd | 244,923 | ||||
1,271 | Taiwan Mobile Co Ltd | 4,595 | ||||
31,320 | Telefonica Brasil SA | 264,120 | ||||
79,492 | Telekom Malaysia Bhd | 74,501 | ||||
50,477 | Tencent Holdings Ltd | 2,715,165 | ||||
3,261 | Total Access Communication PCL, (2) | 4,258 | ||||
37,009 | Turkcell Iletisim Hizmetleri AS | 73,864 | ||||
35,106 | Vodacom Group Ltd | 235,544 | ||||
1,723 | Wanda Film Holding Co Ltd, (3) | 4,076 | ||||
21,888 | XL Axiata Tbk PT | 3,738 | ||||
Total Communication Services | 4,421,327 | |||||
Consumer Discretionary – 15.7% | ||||||
14,639 | Alibaba Group Holding Ltd, Sponsored ADR | 2,966,886 | ||||
1,933 | Alsea SAB de CV, (3) | 1,606 | ||||
1,337 | Arcelik AS, (3) | 3,137 | ||||
4,274 | BAIC BluePark New Energy Technology Co Ltd, (3) | 3,318 | ||||
117,713 | BAIC Motor Corp Ltd, 144A | 51,930 | ||||
27,713 | BYD Co Ltd | 174,450 | ||||
7,492 | BYD Co Ltd | 63,635 | ||||
178 | CCC SA | 2,227 | ||||
931 | Eicher Motors Ltd | 181,625 | ||||
460 | FF Group, (3), (4) | 605 | ||||
642 | Foschini Group Ltd/The | 2,553 | ||||
17,810 | Geely Automobile Holdings Ltd | 27,844 | ||||
4,095 | Hangzhou Robam Appliances Co Ltd | 18,493 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
2,354 | Hankook Tire & Technology Co Ltd | $41,054 | ||||
281 | Hero MotoCorp Ltd | 8,056 | ||||
8,140 | Home Product Center PCL | 3,422 | ||||
17,147 | Hotai Motor Co Ltd | 321,184 | ||||
7,431 | LG Electronics Inc | 334,820 | ||||
17,849 | Mahindra & Mahindra Ltd | 87,361 | ||||
35,251 | Meituan Dianping, (3) | 471,993 | ||||
4,229 | Minor International PCL, (2), (3) | 2,758 | ||||
363 | Mr Price Group Ltd | 2,609 | ||||
5,142 | Naspers Ltd | 811,649 | ||||
38,849 | NIO Inc ADR | 132,475 | ||||
17,253 | Suningcom Co Ltd | 20,578 | ||||
5,861 | Tatung Co Ltd, (3) | 4,238 | ||||
56,716 | TCL Technology Group Corp | 37,278 | ||||
338 | Titan Co Ltd | 4,356 | ||||
1,187 | Woolworths Holdings Ltd/South Africa | 1,971 | ||||
Total Consumer Discretionary | 5,784,111 | |||||
Consumer Staples – 8.0% | ||||||
360 | Almarai Co JSC | 4,707 | ||||
31 | Amorepacific Corp | 4,503 | ||||
61 | Amorepacific Corp | 3,134 | ||||
79 | AMOREPACIFIC Group | 3,767 | ||||
740 | Arca Continental SAB de CV | 2,880 | ||||
9,822 | Atacadao SA, (3) | 36,288 | ||||
4,098 | Bid Corp Ltd | 53,922 | ||||
160 | Britannia Industries Ltd | 6,734 | ||||
4,212 | Charoen Pokphand Foods PCL, (2) | 3,515 | ||||
70,905 | China Mengniu Dairy Co Ltd | 252,894 | ||||
2,205 | Cia Brasileira de Distribuicao | 26,973 | ||||
21 | CJ CheilJedang Corp | 4,697 | ||||
7,334 | Coca-Cola Femsa SAB de CV | 29,709 | ||||
265 | Colgate-Palmolive India Ltd | 5,166 | ||||
8,602 | CP ALL PCL, (2), (3) | 18,876 | ||||
669 | Dabur India Ltd | 4,365 | ||||
6,070 | Dali Foods Group Co Ltd, 144A | 3,735 | ||||
62,391 | Fomento Economico Mexicano SAB de CV | 407,494 | ||||
553 | Fraser & Neave Holdings Bhd | 4,082 | ||||
400 | Gruma SAB de CV | 3,833 | ||||
20,901 | Hindustan Unilever Ltd | 613,712 | ||||
25,714 | Inner Mongolia Yili Industrial Group Co Ltd | 106,508 | ||||
2,054 | Kimberly-Clark de Mexico SAB de CV | 2,937 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
810 | Kuala Lumpur Kepong Bhd | $3,956 | ||||
5 | LG Household & Health Care Ltd | 5,688 | ||||
146 | LG Household & Health Care Ltd | 86,993 | ||||
1,162 | Marico Ltd | 4,455 | ||||
549 | Natura & Co Holding SA, (3) | 3,602 | ||||
1,618 | Nestle India Ltd | 385,653 | ||||
153 | Nestle Malaysia Bhd | 4,985 | ||||
945 | Pick n Pay Stores Ltd | 2,985 | ||||
1,128 | PPB Group Bhd | 4,318 | ||||
19,309 | President Chain Store Corp | 199,996 | ||||
601 | Savola Group/The | 6,482 | ||||
592 | Shoprite Holdings Ltd | 3,453 | ||||
309 | SPAR Group Ltd/The | 2,976 | ||||
1,814 | Standard Foods Corp | 4,105 | ||||
167,563 | Sun Art Retail Group Ltd | 279,259 | ||||
4,800 | Tech-Bank Food Co Ltd, (3) | 8,540 | ||||
9,745 | Thai Union Group PCL | 3,946 | ||||
535,798 | Unilever Indonesia Tbk PT | 298,066 | ||||
2,020 | Uni-President Enterprises Corp | 4,721 | ||||
Total Consumer Staples | 2,918,610 | |||||
Energy – 2.5% | ||||||
11,060 | Cosan SA | 123,281 | ||||
785,806 | IRPC PCL, (2) | 65,089 | ||||
4,289 | Motor Oil Hellas Corinth Refineries SA | 62,997 | ||||
18,786 | Offshore Oil Engineering Co Ltd | 13,173 | ||||
17,857 | Petronas Dagangan Bhd | 84,468 | ||||
34,244 | Qatar Fuel QSC | 150,576 | ||||
3,163 | S-Oil Corp | 181,714 | ||||
78,538 | Thai Oil PCL, (2) | 99,523 | ||||
50,910 | Ultrapar Participacoes SA | 136,367 | ||||
Total Energy | 917,188 | |||||
Financials – 16.2% | ||||||
234 | Absa Group Ltd | 1,163 | ||||
116,374 | Abu Dhabi Commercial Bank PJSC | 140,671 | ||||
10,901 | Alpha Bank AE, (3) | 7,964 | ||||
15,924 | AMMB Holdings Bhd | 11,036 | ||||
66,447 | Axis Bank Ltd | 392,913 | ||||
55,052 | B3 SA - Brasil Bolsa Balcao | 390,722 | ||||
62,252 | Banco Bradesco SA, (3) | 220,221 | ||||
19,771 | Banco Bradesco SA, (3) | 64,134 | ||||
111 | Banco de Credito e Inversiones SA | 4,116 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
388 | Banco do Brasil SA, (3) | $2,043 | ||||
468 | Banco Santander Brasil SA | 2,334 | ||||
342 | Bancolombia SA | 2,209 | ||||
15,915 | Bancolombia SA | 105,081 | ||||
27,873 | Bandhan Bank Ltd, 144A | 97,877 | ||||
2,885 | Bank Millennium SA, (3) | 1,960 | ||||
6,528 | Bank Negara Indonesia Persero Tbk PT | 1,799 | ||||
21,393 | Bank of Hangzhou Co Ltd | 25,092 | ||||
174 | Bank Polska Kasa Opieki SA, (3) | 2,184 | ||||
548,646 | Bank Rakyat Indonesia Persero Tbk PT | 100,693 | ||||
15,728 | Banque Saudi Fransi | 129,636 | ||||
1,496 | BDO Unibank Inc | 2,997 | ||||
148,390 | Cathay Financial Holding Co Ltd | 199,107 | ||||
1,026 | Chailease Holding Co Ltd | 3,951 | ||||
626,308 | China CITIC Bank Corp Ltd | 306,192 | ||||
24,179 | China CITIC Bank Corp Ltd | 17,810 | ||||
1,281,050 | China Construction Bank Corp | 1,044,359 | ||||
39,653 | China Construction Bank Corp | 36,118 | ||||
223,653 | China Everbright Bank Co Ltd | 94,915 | ||||
168,330 | China Everbright Bank Co Ltd | 88,942 | ||||
3,349 | CIMB Group Holdings Bhd | 2,687 | ||||
5,874 | CTBC Financial Holding Co Ltd | 3,951 | ||||
2,799 | Dubai Islamic Bank PJSC | 2,797 | ||||
5,448 | ESun Financial Holding Co Ltd | 5,002 | ||||
1,026 | First Abu Dhabi Bank PJSC | 3,240 | ||||
5,986 | First Financial Holding Co Ltd | 4,439 | ||||
2,064 | FirstRand Ltd | 4,548 | ||||
169,634 | Fubon Financial Holding Co Ltd | 241,303 | ||||
445 | Grupo de Inversiones Suramericana SA | 2,443 | ||||
81,873 | Grupo Financiero Banorte SAB de CV | 226,879 | ||||
1,886 | Hana Financial Group Inc | 42,721 | ||||
7,346 | Hua Nan Financial Holdings Co Ltd | 4,805 | ||||
53,695 | Huaxia Bank Co Ltd | 49,897 | ||||
350 | Hyundai Marine & Fire Insurance Co Ltd | 7,497 | ||||
87,530 | Industrial Bank Co Ltd | 206,074 | ||||
7,196 | Investec Ltd | 15,042 | ||||
37,846 | Itau Unibanco Holding SA | 159,192 | ||||
1,295 | Itausa - Investimentos Itau SA | 2,153 | ||||
1,583 | Kasikornbank PCL | 4,220 | ||||
18,147 | KB Financial Group Inc | 517,550 | ||||
1,104 | Komercni banka as, (3) | 23,444 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
566 | Liberty Holdings Ltd | $2,173 | ||||
1,921 | Malayan Banking Bhd | 3,382 | ||||
507 | mBank SA | 26,812 | ||||
3,491 | MCB Bank Ltd | 3,548 | ||||
4,323 | Mega Financial Holding Co Ltd | 4,376 | ||||
3,016 | Nedbank Group Ltd | 17,607 | ||||
145,669 | Old Mutual Ltd | 106,446 | ||||
98 | OTP Bank Nyrt, (3) | 2,914 | ||||
1,030 | Public Bank Bhd | 3,924 | ||||
48,817 | Qatar National Bank QPSC | 231,013 | ||||
354 | Remgro Ltd | 2,641 | ||||
3,189 | RHB Bank Bhd | 3,523 | ||||
1,031 | RMB Holdings Ltd | 2,975 | ||||
198 | Samsung Card Co Ltd | 4,875 | ||||
2,151 | Samsung Fire & Marine Insurance Co Ltd | 336,301 | ||||
1,577 | Sanlam Ltd | 5,090 | ||||
61 | Santander Bank Polska SA, (3) | 2,401 | ||||
1,004 | Shinhan Financial Group Co Ltd | 25,173 | ||||
1,405 | Siam Commercial Bank PCL/The, (2) | 2,975 | ||||
10,001 | SinoPac Financial Holdings Co Ltd | 4,103 | ||||
22,406 | Standard Bank Group Ltd | 124,602 | ||||
11,001 | Taishin Financial Holding Co Ltd | 4,717 | ||||
10,546 | Taiwan Business Bank | 3,848 | ||||
594 | Woori Financial Group Inc | 4,114 | ||||
6,708 | Yuanta Financial Holding Co Ltd | 3,857 | ||||
Total Financials | 5,961,513 | |||||
Health Care – 2.5% | ||||||
3,186 | 3SBio Inc, 144A, (3) | 3,267 | ||||
602 | Aspen Pharmacare Holdings Ltd, (3) | 3,791 | ||||
123 | Asymchem Laboratories Tianjin Co Ltd | 3,288 | ||||
5,462 | Bangkok Dusit Medical Services PCL | 3,494 | ||||
1,130 | Beijing Tongrentang Co Ltd | 4,111 | ||||
1,007 | Bumrungrad Hospital PCL, (2) | 3,657 | ||||
3,186 | China Medical System Holdings Ltd | 3,797 | ||||
660 | China National Accord Medicines Corp Ltd | 3,859 | ||||
1,186 | China National Medicines Corp Ltd | 5,242 | ||||
1,488 | China Resources Sanjiu Medical & Pharmaceutical Co Ltd | 6,123 | ||||
130,273 | CSPC Pharmaceutical Group Ltd | 258,787 | ||||
1,018 | Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd | 4,456 | ||||
17 | Hanmi Pharm Co Ltd | 3,614 | ||||
7,474 | Huadong Medicine Co Ltd | 21,122 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
4,226 | Hutchison China MediTech Ltd ADR | $90,901 | ||||
78,260 | IHH Healthcare Bhd | 95,550 | ||||
42,671 | Kalbe Farma Tbk PT | 4,131 | ||||
2,162 | Life Healthcare Group Holdings Ltd | 2,103 | ||||
5,383 | Luye Pharma Group Ltd, 144A | 2,625 | ||||
6,678 | Notre Dame Intermedica Participacoes SA | 67,615 | ||||
537 | Ovctek China Inc | 5,010 | ||||
444 | Ping An Healthcare and Technology Co Ltd, 144A, (3) | 6,151 | ||||
2,045 | Piramal Enterprises Ltd | 26,746 | ||||
3,479 | Richter Gedeon Nyrt | 74,705 | ||||
1,612 | Shanghai Fosun Pharmaceutical Group Co Ltd | 6,155 | ||||
57,505 | Shanghai Pharmaceuticals Holding Co Ltd | 101,326 | ||||
19,317 | Sinopharm Group Co Ltd | 52,327 | ||||
5,250 | SSY Group Ltd | 3,725 | ||||
1,365 | Winning Health Technology Group Co Ltd | 4,917 | ||||
286 | WuXi AppTec Co Ltd, 144A | 4,040 | ||||
425 | WuXi AppTec Co Ltd | 6,127 | ||||
390 | Wuxi Biologics Cayman Inc, 144A, (3) | 6,087 | ||||
120 | Yuhan Corp | 4,644 | ||||
1,253 | Yunnan Baiyao Group Co Ltd | 16,031 | ||||
Total Health Care | 909,524 | |||||
Industrials – 9.5% | ||||||
1,866 | 51job Inc ADR | 111,848 | ||||
71,346 | Aboitiz Equity Ventures Inc | 58,736 | ||||
5,376 | Air China Ltd | 3,863 | ||||
3,916 | Air China Ltd | 4,022 | ||||
82,855 | Airports of Thailand PCL, (2) | 159,410 | ||||
25,297 | A-Living Services Co Ltd, 144A | 139,336 | ||||
908 | Aselsan Elektronik Sanayi Ve Ticaret AS | 3,526 | ||||
80,965 | Ashok Leyland Ltd | 56,388 | ||||
802 | BEST Inc ADR | 4,307 | ||||
14,573 | BOC Aviation Ltd, 144A | 98,596 | ||||
11,442 | BTS Group Holdings PCL, (2) | 4,067 | ||||
12,260 | CCR SA | 27,970 | ||||
97,095 | Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd, (3) | 78,153 | ||||
12,138 | China Airlines Ltd, (3) | 3,367 | ||||
113,703 | China Conch Venture Holdings Ltd | 545,609 | ||||
9,284 | China Eastern Airlines Corp Ltd | 3,868 | ||||
6,646 | China Eastern Airlines Corp Ltd | 4,124 | ||||
6,232 | China International Marine Containers Group Co Ltd | 6,559 | ||||
76,102 | China Lesso Group Holdings Ltd | 108,179 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
53 | CJ Corp | $3,523 | ||||
4,095 | Contemporary Amperex Technology Co Ltd | 83,752 | ||||
62,216 | Country Garden Services Holdings Co Ltd | 288,916 | ||||
142 | Doosan Bobcat Inc | 2,739 | ||||
9,696 | Eva Airways Corp | 3,750 | ||||
4,074 | Eve Energy Co Ltd | 38,955 | ||||
10,150 | Evergreen Marine Corp Taiwan Ltd, (3) | 3,789 | ||||
5,085 | Far Eastern New Century Corp | 4,446 | ||||
3,913 | Greentown Service Group Co Ltd | 5,199 | ||||
3,198 | GS Engineering & Construction Corp | 66,404 | ||||
618 | Havells India Ltd | 4,633 | ||||
407 | Hiwin Technologies Corp | 3,942 | ||||
445 | Hyundai Heavy Industries Holdings Co Ltd | 88,748 | ||||
20,819 | Jasa Marga Persero Tbk PT | 4,409 | ||||
28 | KCC Corp | 3,792 | ||||
649 | Latam Airlines Group SA | 2,449 | ||||
6,629 | LG Corp | 337,312 | ||||
344 | Localiza Rent a Car SA | 2,173 | ||||
174 | Lotte Corp | 5,726 | ||||
2,499 | Malaysia Airports Holdings Bhd | 3,051 | ||||
93,825 | MISC Bhd | 172,158 | ||||
744 | Rumo SA, (3) | 2,720 | ||||
33,655 | Shanghai Industrial Holdings Ltd | 57,131 | ||||
1,186 | Shanghai M&G Stationery Inc | 8,637 | ||||
2,081 | Shanghai Waigaoqiao Free Trade Zone Group Co Ltd | 4,230 | ||||
1,365 | Shenzhen Inovance Technology Co Ltd | 6,329 | ||||
2,081 | Siasun Robot & Automation Co Ltd, (3) | 3,885 | ||||
225 | Siemens Ltd | 3,407 | ||||
63,041 | Sime Darby Bhd | 29,321 | ||||
140,597 | Sinotrans Ltd | 34,277 | ||||
13,572 | Sinotrans Ltd | 6,267 | ||||
48,197 | Sinotruk Hong Kong Ltd | 97,111 | ||||
13,493 | SM Investments Corp | 226,177 | ||||
3,671 | Taiwan High Speed Rail Corp | 4,210 | ||||
918 | TAV Havalimanlari Holding AS | 2,390 | ||||
32,828 | WEG SA | 242,209 | ||||
6,193 | Westports Holdings Bhd | 5,329 | ||||
54,358 | Xinjiang Goldwind Science & Technology Co Ltd | 53,360 | ||||
14,702 | Xinjiang Goldwind Science & Technology Co Ltd | 20,785 | ||||
100,970 | Zhejiang Expressway Co Ltd | 75,932 | ||||
6,579 | Zhejiang Weixing New Building Materials Co Ltd | 11,370 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
9,432 | Zhengzhou Yutong Bus Co Ltd | $17,423 | ||||
14,702 | Zoomlion Heavy Industry Science and Technology Co Ltd | 13,329 | ||||
Total Industrials | 3,477,623 | |||||
Information Technology – 16.2% | ||||||
5,572 | 360 Security Technology Inc | 14,728 | ||||
50,934 | AAC Technologies Holdings Inc | 249,337 | ||||
726 | Accton Technology Corp | 5,310 | ||||
8,090 | Acer Inc | 4,530 | ||||
426 | Advantech Co Ltd | 4,069 | ||||
1,488 | Aisino Corp | 3,619 | ||||
1,747 | ASE Technology Holding Co Ltd | 3,942 | ||||
616 | Asustek Computer Inc | 4,195 | ||||
530,696 | AU Optronics Corp, (3) | 140,988 | ||||
2,551 | Beijing Shiji Information Technology Co Ltd | 11,079 | ||||
142,967 | BOE Technology Group Co Ltd | 76,148 | ||||
15,297 | BYD Electronic International Co Ltd | 35,399 | ||||
9,407 | Catcher Technology Co Ltd | 72,127 | ||||
1,537 | Chicony Electronics Co Ltd | 4,362 | ||||
2,137 | China National Software & Service Co Ltd | 25,035 | ||||
2,558 | Cielo SA | 1,919 | ||||
7,153 | Compal Electronics Inc | 4,594 | ||||
23,696 | Delta Electronics Inc | 111,561 | ||||
426 | Globant SA, (3) | 49,275 | ||||
716 | Glodon Co Ltd | 5,329 | ||||
519 | HCL Technologies Ltd | 3,767 | ||||
39,732 | Infosys Ltd | 378,326 | ||||
5,718 | Inventec Corp | 4,519 | ||||
3,205 | Kingdee International Software Group Co Ltd | 4,663 | ||||
26,832 | Legend Holdings Corp, 144A | 31,358 | ||||
503,684 | Lenovo Group Ltd | 274,181 | ||||
9,155 | LG Display Co Ltd, (3) | 83,026 | ||||
770 | LG Innotek Co Ltd | 83,417 | ||||
2,791 | Lite-On Technology Corp | 4,364 | ||||
37,325 | MediaTek Inc | 520,905 | ||||
1,823 | Micro-Star International Co Ltd | 5,701 | ||||
2,090 | Quanta Computer Inc | 4,561 | ||||
3,930 | Samsung Electro-Mechanics Co Ltd | 366,084 | ||||
1,348 | Samsung SDI Co Ltd | 316,409 | ||||
123 | Sangfor Technologies Inc | 3,337 | ||||
223,256 | Taiwan Semiconductor Manufacturing Co Ltd | 2,286,128 | ||||
19,085 | Tata Consultancy Services Ltd | 513,258 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
772 | Unisplendour Corp Ltd | $4,556 | ||||
8,147 | United Microelectronics Corp | 4,260 | ||||
2,047 | Vanguard International Semiconductor Corp | 4,812 | ||||
10,234 | Wangsu Science & Technology Co Ltd | 11,888 | ||||
3,446 | Westone Information Industry Inc | 11,027 | ||||
3,100 | Win Semiconductors Corp | 28,043 | ||||
1,290 | Wipro Ltd | 3,284 | ||||
4,689 | Wistron Corp | 4,455 | ||||
3,681 | Wuxi Lead Intelligent Equipment Co Ltd | 19,815 | ||||
226,730 | Xinyi Solar Holdings Ltd | 142,724 | ||||
Total Information Technology | 5,946,414 | |||||
Materials – 11.5% | ||||||
50 | Anglo American Platinum Ltd | 2,659 | ||||
276 | Asian Paints Ltd | 6,476 | ||||
77,818 | Baoshan Iron & Steel Co Ltd | 53,684 | ||||
1,879,569 | Barito Pacific Tbk PT, (3) | 183,218 | ||||
6,232 | Beijing Oriental Yuhong Waterproof Technology Co Ltd | 34,111 | ||||
547 | Berger Paints India Ltd | 3,693 | ||||
14,579 | China Jushi Co Ltd | 18,174 | ||||
263,041 | China Molybdenum Co Ltd | 79,397 | ||||
17,132 | China Molybdenum Co Ltd | 8,445 | ||||
770,194 | China Steel Corp | 518,012 | ||||
117,383 | China Zhongwang Holdings Ltd | 28,315 | ||||
36,240 | Empresas CMPC SA | 78,027 | ||||
98,561 | Eregli Demir ve Celik Fabrikalari TAS | 114,079 | ||||
4,509 | Ganfeng Lithium Co Ltd | 29,579 | ||||
4,800 | GEM Co Ltd | 3,155 | ||||
778 | Gold Fields Ltd | 6,008 | ||||
277 | Hanwha Solutions Corp | 3,308 | ||||
3,558 | Hengli Petrochemical Co Ltd | 7,122 | ||||
4,356 | Impala Platinum Holdings Ltd | 26,613 | ||||
4,527 | Indorama Ventures PCL, (2) | 4,023 | ||||
421 | Industrias Penoles SAB de CV | 3,262 | ||||
9,864 | KGHM Polska Miedz SA, (3) | 183,362 | ||||
864 | Klabin SA | 2,843 | ||||
28 | Korea Zinc Co Ltd | 8,870 | ||||
4,519 | Kumba Iron Ore Ltd | 86,790 | ||||
91,838 | Lee & Man Paper Manufacturing Ltd | 56,626 | ||||
739 | LG Chem Ltd | 228,350 | ||||
356 | LG Chem Ltd | 50,400 | ||||
1,124 | Lotte Chemical Corp | 198,795 |
Shares | Description (1) | Value | ||||
Materials (continued) | ||||||
1,872 | Nan Ya Plastics Corp | $4,167 | ||||
18,730 | Nanjing Iron & Steel Co Ltd | 8,464 | ||||
1,330 | National Industrialization Co, (3) | 3,599 | ||||
608 | Northam Platinum Ltd, (3) | 3,061 | ||||
67 | OCI Co Ltd, (3) | 2,197 | ||||
98,371 | Pabrik Kertas Tjiwi Kimia Tbk PT | 33,066 | ||||
8,202 | PhosAgro PJSC GDR | 99,080 | ||||
238 | Pidilite Industries Ltd | 4,827 | ||||
15,046 | Polymetal International PLC | 309,820 | ||||
3,747 | Polyus PJSC GDR | 305,193 | ||||
3,730 | Press Metal Aluminium Holdings Bhd | 3,418 | ||||
158,764 | PTT Global Chemical PCL, (2) | 185,237 | ||||
29,366 | Saudi Arabian Mining Co, (3) | 292,096 | ||||
30,079 | Saudi Basic Industries Corp | 599,978 | ||||
13,930 | Shandong Nanshan Aluminum Co Ltd | 4,124 | ||||
23,418 | Shanxi Taigang Stainless Steel Co Ltd | 10,881 | ||||
7,530 | Shenzhen Zhongjin Lingnan Nonfemet Co Ltd | 3,723 | ||||
17,810 | Siam Cement PCL/The, (2) | 190,458 | ||||
3,975 | Sociedad Quimica y Minera de Chile SA | 94,386 | ||||
3,077 | Taiwan Cement Corp | 4,470 | ||||
716 | Tianqi Lithium Corp | 1,680 | ||||
4,330 | Transfar Zhilian Co Ltd | 3,766 | ||||
3,265 | UPL Ltd | 17,956 | ||||
2,260 | Xiamen Tungsten Co Ltd | 3,605 | ||||
4,453 | Xinjiang Zhongtai Chemical Co Ltd | 2,965 | ||||
660 | Yunnan Energy New Material Co Ltd | 5,124 | ||||
3,200 | Yunnan Tin Co Ltd, (3) | 3,826 | ||||
2,867 | Zhaojin Mining Industry Co Ltd | 3,240 | ||||
1,651 | Zhejiang Huayou Cobalt Co Ltd | 8,055 | ||||
Total Materials | 4,239,858 | |||||
Real Estate – 2.8% | ||||||
1,078 | BR Malls Participacoes SA | 1,999 | ||||
1,991 | Central Pattana PCL, (2) | 3,015 | ||||
1,667 | China Merchants Shekou Industrial Zone Holdings Co Ltd | 4,043 | ||||
109,355 | China Overseas Land & Investment Ltd | 401,317 | ||||
33,823 | China Vanke Co Ltd | 112,564 | ||||
41,044 | China Vanke Co Ltd | 155,819 | ||||
40,263 | DLF Ltd | 78,682 | ||||
3,469 | Fortress REIT Ltd | 1,912 | ||||
5,930 | Grandjoy Holdings Group Co Ltd | 4,528 | ||||
4,979 | Greenland Holdings Corp Ltd | 3,992 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
2,613 | Growthpoint Properties Ltd | $1,982 | ||||
3,972 | Jinke Properties Group Co Ltd | 4,479 | ||||
12,055 | Land & Houses PCL | 2,738 | ||||
2,855 | Logan Property Holdings Co Ltd | 4,493 | ||||
542 | NEPI Rockcastle PLC | 2,358 | ||||
6,758 | Oceanwide Holdings Co Ltd | 3,351 | ||||
541,284 | Pakuwon Jati Tbk PT | 13,755 | ||||
50,338 | Poly Developments and Holdings Group Co Ltd | 115,802 | ||||
3,456 | Ruentex Development Co Ltd | 5,183 | ||||
6,624 | Shanghai Zhangjiang High-Tech Park Development Co Ltd | 12,499 | ||||
12,276 | Shenzhen Investment Ltd | 4,006 | ||||
5,953 | Shimao Property Holdings Ltd | 24,035 | ||||
19,574 | Shui On Land Ltd | 3,459 | ||||
11,298 | Sino-Ocean Group Holding Ltd | 2,973 | ||||
80,915 | SM Prime Holdings Inc | 49,759 | ||||
23,213 | SOHO China Ltd, (3) | 11,079 | ||||
9,489 | Yuzhou Properties Co Ltd | 4,039 | ||||
Total Real Estate | 1,033,861 | |||||
Utilities – 1.9% | ||||||
11,357 | Aguas Andinas SA | 3,804 | ||||
223,228 | China Longyuan Power Group Corp Ltd | 111,436 | ||||
1,343 | Cia Energetica de Minas Gerais | 2,362 | ||||
605,640 | Enel Americas SA | 99,253 | ||||
68,736 | Enel Chile SA | 5,590 | ||||
385 | Energisa SA | 3,108 | ||||
2,973 | Energy Absolute PCL, (2) | 3,699 | ||||
10,101 | Engie Brasil Energia SA | 72,996 | ||||
742 | Equatorial Energia SA | 2,513 | ||||
897 | Infraestructura Energetica Nova SAB de CV | 3,013 | ||||
18,181 | Interconexion Electrica SA ESP | 84,419 | ||||
991 | Manila Electric Co | 5,001 | ||||
128,340 | Power Grid Corp of India Ltd | 278,402 | ||||
71,814 | Towngas China Co Ltd | 35,665 | ||||
Total Utilities | 711,261 | |||||
Total Common Stocks (cost $36,564,268) | 36,321,290 |
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 $36,564,268) | 36,321,290 | |||||
Other Assets Less Liabilities – 1.2% | 443,292 | |||||
Net Assets – 100% | $ 36,764,582 |
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 2 - Investment Valuation and Fair Value Measurements for more information. | |
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 – 99.3% | ||||||
COMMON STOCKS – 99.3% | ||||||
Communication Services – 6.8% | ||||||
4,043 | BT Group PLC | $5,918 | ||||
88 | Elisa Oyj | 5,344 | ||||
2,903 | Eutelsat Communications SA | 32,560 | ||||
4,820 | Informa PLC, (2) | 26,702 | ||||
246 | JCDecaux SA, (2) | 5,098 | ||||
216 | KDDI Corp | 6,280 | ||||
2,177 | Koninklijke KPN NV | 5,036 | ||||
2,396 | Millicom International Cellular SA | 63,045 | ||||
1,775 | Nintendo Co Ltd | 741,139 | ||||
28,383 | NTT DOCOMO Inc | 835,551 | ||||
386 | Orange SA | 4,708 | ||||
28,281 | Pearson PLC | 164,021 | ||||
291,965 | Singapore Telecommunications Ltd | 586,958 | ||||
14 | Swisscom AG | 7,279 | ||||
4,055 | Telenor ASA | 62,395 | ||||
348,283 | Vodafone Group PLC | 492,638 | ||||
492 | WPP PLC | 3,855 | ||||
Total Communication Services | 3,048,527 | |||||
Consumer Discretionary – 12.0% | ||||||
5,185 | Accor SA, (2) | 143,796 | ||||
410 | Barratt Developments PLC | 2,684 | ||||
2,057 | Bayerische Motoren Werke AG | 97,376 | ||||
7,679 | Bayerische Motoren Werke AG | 454,604 | ||||
93 | Berkeley Group Holdings PLC | 4,907 | ||||
700 | Cie Generale des Etablissements Michelin SCA | 68,314 | ||||
7,496 | Compass Group PLC, (2) | 126,320 | ||||
66 | Delivery Hero SE, 144A, (2) | 5,566 | ||||
169 | Denso Corp | 6,025 | ||||
228 | Dufry AG, (2) | 7,425 | ||||
222 | Electrolux AB, (2) | 3,065 | ||||
1,941 | EssilorLuxottica SA, (2) | 239,491 | ||||
290 | Fast Retailing Co Ltd | 139,664 | ||||
9,993 | Hennes & Mauritz AB, (2) | 139,349 | ||||
29,638 | Honda Motor Co Ltd | 723,524 | ||||
4,849 | Industria de Diseno Textil SA | 123,483 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
596 | JD Sports Fashion PLC | $3,980 | ||||
10 | Kering SA | 5,041 | ||||
2,047 | Kingfisher PLC | 4,061 | ||||
69,841 | Marks & Spencer Group PLC, (2) | 81,135 | ||||
250 | Marui Group Co Ltd | 4,143 | ||||
2,783 | Mercari Inc, (2) | 70,606 | ||||
61 | Next PLC, (2) | 3,636 | ||||
335 | NGK Spark Plug Co Ltd | 5,081 | ||||
11,619 | Nikon Corp | 109,415 | ||||
212 | Nokian Renkaat Oyj | 4,536 | ||||
455 | Ocado Group PLC, (2) | 9,208 | ||||
4,803 | Oriental Land Co Ltd/Japan | 614,439 | ||||
69,880 | Panasonic Corp | 540,298 | ||||
107 | Pandora A/S | 3,800 | ||||
4,965 | Peugeot SA | 71,104 | ||||
14,623 | Pirelli & C SpA, 144A, (2) | 56,923 | ||||
89 | Prosus NV, (2) | 6,744 | ||||
74 | Puma SE, (2) | 4,651 | ||||
30,987 | Rakuten Inc, (2) | 265,433 | ||||
6,980 | Renault SA, (2) | 138,424 | ||||
607 | SEB SA | 73,000 | ||||
392 | Sega Sammy Holdings Inc | 4,806 | ||||
422 | Sekisui Chemical Co Ltd | 5,406 | ||||
14,672 | Sony Corp | 951,104 | ||||
88 | Whitbread PLC | 3,308 | ||||
1,120 | Yamada Denki Co Ltd | 5,363 | ||||
100 | Zalando SE, 144A, (2) | 4,873 | ||||
337 | ZOZO Inc | 5,484 | ||||
Total Consumer Discretionary | 5,341,595 | |||||
Consumer Staples – 14.8% | ||||||
8,904 | Aeon Co Ltd | 180,811 | ||||
12,852 | Associated British Foods PLC | 306,791 | ||||
5,620 | Carrefour SA | 83,070 | ||||
1,971 | Casino Guichard Perrachon SA, (2) | 73,897 | ||||
8,261 | Coca-Cola European Partners PLC | 327,466 | ||||
4,331 | Coca-Cola HBC AG | 110,078 | ||||
10,811 | Danone SA | 749,080 | ||||
2,403 | Essity AB, (2) | 78,114 | ||||
3,675 | Henkel AG & Co KGaA | 286,194 | ||||
63 | Henkel AG & Co KGaA | 5,592 | ||||
64,107 | J Sainsbury PLC | 160,186 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
411 | Jeronimo Martins SGPS SA | $6,939 | ||||
6,781 | Kao Corp | 527,337 | ||||
61 | Kerry Group PLC | 6,995 | ||||
109 | Lawson Inc | 5,678 | ||||
3,151 | L'Oreal SA | 915,627 | ||||
2,349 | METRO AG | 20,398 | ||||
15,860 | Mowi ASA | 272,363 | ||||
16,861 | Nestle SA | 1,780,175 | ||||
21,202 | Orkla ASA | 192,403 | ||||
114,416 | Tesco PLC | 339,293 | ||||
1,297 | Unilever NV | 64,751 | ||||
2,524 | Unilever PLC | 130,593 | ||||
3,866 | Wm Morrison Supermarkets PLC | 8,924 | ||||
Total Consumer Staples | 6,632,755 | |||||
Energy – 2.1% | ||||||
9,036 | Caltex Australia Ltd | 147,423 | ||||
2,551 | Koninklijke Vopak NV | 147,026 | ||||
15,333 | Neste Oyj | 542,958 | ||||
12,328 | Worley Ltd | 72,640 | ||||
Total Energy | 910,047 | |||||
Financials – 16.5% | ||||||
666 | 3i Group PLC | 6,586 | ||||
1,584 | Aegon NV | 4,077 | ||||
2,391 | AIB Group PLC, (2) | 3,274 | ||||
196 | Allianz SE | 36,255 | ||||
2,140 | Amundi SA, 144A, (2) | 142,043 | ||||
24,871 | Assicurazioni Generali SpA | 354,544 | ||||
520 | ASX Ltd | 27,763 | ||||
47,663 | Australia & New Zealand Banking Group Ltd | 527,364 | ||||
97,801 | Aviva PLC | 298,288 | ||||
320 | AXA SA | 5,677 | ||||
94,697 | Banco Bilbao Vizcaya Argentaria SA | 309,817 | ||||
5,635 | Banco de Sabadell SA, (2) | 2,334 | ||||
38,466 | Bank Hapoalim BM | 249,133 | ||||
860 | Bankinter SA | 3,546 | ||||
120 | BNP Paribas SA, (2) | 3,769 | ||||
133,645 | BOC Hong Kong Holdings Ltd | 411,157 | ||||
2,054 | CaixaBank SA | 3,692 | ||||
6,270 | CNP Assurances, (2) | 64,726 | ||||
786 | Commerzbank AG, (2) | 2,905 | ||||
15,324 | DBS Group Holdings Ltd | 217,281 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
43 | Deutsche Boerse AG | $6,676 | ||||
167 | Erste Group Bank AG | 3,626 | ||||
27,471 | Hang Seng Bank Ltd | 483,697 | ||||
9,000 | Hong Kong Exchanges & Clearing Ltd | 292,556 | ||||
78,442 | Insurance Australia Group Ltd | 296,838 | ||||
124,668 | Intesa Sanpaolo SpA, (2) | 194,309 | ||||
260 | Kinnevik AB, (2) | 5,377 | ||||
2,087 | Legal & General Group PLC | 5,386 | ||||
986 | Mitsubishi UFJ Lease & Finance Co Ltd | 4,785 | ||||
43,406 | ORIX Corp | 523,218 | ||||
22,363 | Prudential PLC | 318,322 | ||||
31,824 | Resona Holdings Inc | 100,292 | ||||
905 | RSA Insurance Group PLC | 4,123 | ||||
788 | Singapore Exchange Ltd | 5,402 | ||||
502 | Sompo Holdings Inc | 16,431 | ||||
78,581 | Standard Chartered PLC | 403,906 | ||||
1,221 | Standard Life Aberdeen PLC | 3,405 | ||||
11,313 | Sumitomo Mitsui Financial Group Inc | 300,876 | ||||
11,524 | Sumitomo Mitsui Trust Holdings Inc | 340,650 | ||||
4,722 | Swiss Re AG | 340,812 | ||||
7,714 | Tokio Marine Holdings Inc | 366,890 | ||||
241 | Tryg A/S | 6,380 | ||||
63,574 | UBS Group AG | 681,091 | ||||
49 | Wendel SE | 4,186 | ||||
22 | Zurich Insurance Group AG | 7,005 | ||||
Total Financials | 7,390,470 | |||||
Health Care – 11.5% | ||||||
5,057 | Alcon Inc | 266,905 | ||||
28,358 | Astellas Pharma Inc | 473,760 | ||||
9,314 | AstraZeneca PLC | 977,686 | ||||
3,422 | Chugai Pharmaceutical Co Ltd | 409,930 | ||||
357 | Cochlear Ltd | 43,123 | ||||
45 | Coloplast A/S | 7,116 | ||||
1,797 | CSL Ltd | 364,055 | ||||
8,231 | Daiichi Sankyo Co Ltd | 568,207 | ||||
8,470 | Eisai Co Ltd | 596,429 | ||||
453 | Fisher & Paykel Healthcare Corp Ltd | 7,655 | ||||
25 | Genmab A/S, (2) | 6,011 | ||||
1,082 | H Lundbeck A/S | 39,415 | ||||
15 | Lonza Group AG | 6,549 | ||||
55 | Merck KGaA | 6,392 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
3,701 | NMC Health PLC, (3) | $1,260 | ||||
102 | Novo Nordisk A/S | 6,504 | ||||
115 | Orion Oyj | 5,842 | ||||
5,223 | Ramsay Health Care Ltd | 214,095 | ||||
2,575 | Roche Holding AG | 894,974 | ||||
554 | Ryman Healthcare Ltd | 4,139 | ||||
36 | Sartorius AG | 10,126 | ||||
133 | Shionogi & Co Ltd | 7,374 | ||||
367 | Smith & Nephew PLC | 7,212 | ||||
24 | Sonova Holding AG | 4,334 | ||||
9 | Straumann Holding AG | 6,830 | ||||
2,561 | Sysmex Corp | 178,182 | ||||
81 | UCB SA | 7,412 | ||||
Total Health Care | 5,121,517 | |||||
Industrials – 16.0% | ||||||
6,450 | ABB Ltd | 122,464 | ||||
66 | Adecco Group AG | 2,893 | ||||
235 | Alfa Laval AB, (2) | 4,415 | ||||
6,825 | Alstom SA, (2) | 279,282 | ||||
169 | ANDRITZ AG | 5,553 | ||||
7,637 | Assa Abloy AB | 137,654 | ||||
164 | Atlas Copco AB | 5,697 | ||||
186 | Atlas Copco AB | 5,814 | ||||
1,134 | Auckland International Airport Ltd | 4,261 | ||||
151 | Bouygues SA, (2) | 4,649 | ||||
73 | Brenntag AG | 3,293 | ||||
16,441 | Cie de Saint-Gobain, (2) | 435,969 | ||||
36,355 | CNH Industrial NV, (2) | 227,450 | ||||
93 | Daifuku Co Ltd | 6,549 | ||||
101 | Daikin Industries Ltd | 13,228 | ||||
2,321 | DCC PLC | 165,643 | ||||
11,675 | Deutsche Post AG | 347,184 | ||||
166 | East Japan Railway Co | 12,222 | ||||
57 | Eiffage SA, (2) | 4,664 | ||||
2,252 | Experian PLC | 67,492 | ||||
2,840 | Ferguson PLC | 205,477 | ||||
17,317 | Ferrovial SA | 432,455 | ||||
48 | HOCHTIEF AG | 3,772 | ||||
81 | Intertek Group PLC | 4,853 | ||||
5,630 | ISS A/S, (2) | 83,987 | ||||
5,150 | Kawasaki Heavy Industries Ltd | 79,175 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
115 | Keio Corp | $6,560 | ||||
105 | Kingspan Group PLC | 5,348 | ||||
1,564 | Komatsu Ltd | 30,165 | ||||
33 | Kuehne + Nagel International AG, (2) | 4,720 | ||||
188 | Kyushu Railway Co | 5,104 | ||||
108 | Legrand SA | 7,277 | ||||
27,710 | Meggitt PLC | 97,621 | ||||
180 | Metso Oyj | 4,994 | ||||
55,781 | MTR Corp Ltd | 309,761 | ||||
1,587 | MTU Aero Engines AG | 216,063 | ||||
223 | Nabtesco Corp | 6,486 | ||||
365 | NGK Insulators Ltd | 4,861 | ||||
353 | Obayashi Corp | 3,143 | ||||
220 | Odakyu Electric Railway Co Ltd | 4,882 | ||||
31,643 | RELX PLC | 717,035 | ||||
7,768 | Schneider Electric SE | 710,102 | ||||
11,313 | SEEK Ltd | 128,949 | ||||
106 | SGS SA | 239,973 | ||||
461 | Shimizu Corp | 3,604 | ||||
8,525 | Siemens AG | 790,694 | ||||
217 | SKF AB | 3,456 | ||||
1,020 | Sydney Airport | 4,207 | ||||
25 | Teleperformance | 5,600 | ||||
71,432 | Transurban Group | 645,378 | ||||
61 | Vestas Wind Systems A/S | 5,250 | ||||
40,945 | Volvo AB | 528,832 | ||||
403 | Wartsila OYJ Abp | 2,959 | ||||
77 | Wolters Kluwer NV | 5,661 | ||||
Total Industrials | 7,164,780 | |||||
Information Technology – 5.6% | ||||||
2,957 | Amadeus IT Group SA | 142,248 | ||||
2,467 | ASML Holding NV | 731,325 | ||||
250 | Edenred | 10,069 | ||||
53 | Fujitsu Ltd | 5,221 | ||||
4,894 | Infineon Technologies AG | 90,859 | ||||
1,032 | Ingenico Group SA, (2) | 129,651 | ||||
1,854 | Murata Manufacturing Co Ltd | 104,355 | ||||
2,215 | Nokia Oyj, (2) | 8,064 | ||||
241 | Nomura Research Institute Ltd | 5,936 | ||||
8,369 | SAP SE | 998,606 | ||||
6,062 | STMicroelectronics NV | 157,428 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
45 | Wixcom Ltd, (2) | $5,886 | ||||
100 | Worldline SA/France, 144A, (2) | 6,789 | ||||
160 | Yaskawa Electric Corp | 5,334 | ||||
8,163 | Yokogawa Electric Corp | 112,977 | ||||
Total Information Technology | 2,514,748 | |||||
Materials – 7.5% | ||||||
71 | Akzo Nobel NV | 5,381 | ||||
830 | Arkema SA | 68,819 | ||||
29,754 | Asahi Kasei Corp | 212,857 | ||||
9,970 | Boliden AB, (2) | 204,459 | ||||
3,387 | Chr Hansen Holding A/S | 291,821 | ||||
82 | Croda International PLC | 5,049 | ||||
643 | Daicel Corp | 5,267 | ||||
2,404 | Fletcher Building Ltd | 5,488 | ||||
39,528 | Fortescue Metals Group Ltd | 309,513 | ||||
61 | Givaudan SA | 204,334 | ||||
440 | Hitachi Metals Ltd | 4,345 | ||||
3,605 | Johnson Matthey PLC | 90,602 | ||||
257 | Kansai Paint Co Ltd | 4,953 | ||||
4,394 | Koninklijke DSM NV | 537,825 | ||||
46,012 | Mitsubishi Chemical Holdings Corp | 265,655 | ||||
2,790 | Nitto Denko Corp | 141,150 | ||||
4,885 | Showa Denko KK, (2) | 108,495 | ||||
187 | Sika AG | 30,942 | ||||
816 | Smurfit Kappa Group PLC | 25,580 | ||||
440 | Stora Enso Oyj | 5,205 | ||||
53,981 | Sumitomo Chemical Co Ltd | 168,604 | ||||
8,440 | Sumitomo Metal Mining Co Ltd | 214,562 | ||||
63 | Symrise AG | 6,370 | ||||
361 | Teijin Ltd | 5,823 | ||||
24,140 | Toray Industries Inc | 112,669 | ||||
7,157 | Umicore SA | 308,937 | ||||
Total Materials | 3,344,705 | |||||
Real Estate – 2.8% | ||||||
31,605 | British Land Co PLC/The | 161,294 | ||||
41,910 | CapitaLand Ltd, (2) | 89,614 | ||||
60 | Covivio | 3,756 | ||||
5,910 | Daiwa House Industry Co Ltd | 152,399 | ||||
5,892 | Deutsche Wohnen SE | 238,780 | ||||
813 | Dexus | 4,876 | ||||
545 | Goodman Group | 4,692 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
1,201 | GPT Group/The | $3,326 | ||||
3 | Japan Retail Fund Investment Corp | 3,322 | ||||
186 | Klepierre SA | 3,760 | ||||
7,552 | Land Securities Group PLC | 63,060 | ||||
4,523 | Lendlease Group | 36,600 | ||||
5,772 | Mitsui Fudosan Co Ltd | 107,845 | ||||
1 | Nippon Building Fund Inc | 6,013 | ||||
2 | Nippon Prologis REIT Inc | 5,528 | ||||
205 | Nomura Real Estate Holdings Inc | 3,397 | ||||
3 | Nomura Real Estate Master Fund Inc | 3,467 | ||||
1,552 | Stockland | 2,926 | ||||
42,296 | Swire Properties Ltd | 118,666 | ||||
3,884 | Unibail-Rodamco-Westfield | 228,533 | ||||
663 | UOL Group Ltd | 3,217 | ||||
Total Real Estate | 1,245,071 | |||||
Utilities – 3.7% | ||||||
9,006 | Enagas SA | 210,010 | ||||
21,387 | Meridian Energy Ltd | 59,244 | ||||
61,149 | National Grid PLC | 720,243 | ||||
6,708 | Orsted A/S, 144A | 678,025 | ||||
Total Utilities | 1,667,522 | |||||
Total Long-Term Investments (cost $50,203,495) | 44,381,737 | |||||
Other Assets Less Liabilities – 0.7% | 328,466 | |||||
Net Assets – 100% | $ 44,710,203 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
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. | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 9.7% | ||||||
38 | Activision Blizzard Inc | $2,422 | ||||
264 | Alphabet Inc, (2) | 356,046 | ||||
189 | Alphabet Inc, (2) | 254,526 | ||||
822 | Discovery Inc, (2) | 18,429 | ||||
1,232 | Discovery Inc, (2) | 25,145 | ||||
1 | Electronic Arts Inc, (2) | 114 | ||||
28 | Interpublic Group of Cos Inc/The | 476 | ||||
1,811 | Liberty Global PLC, (2) | 33,160 | ||||
651 | Liberty Global PLC, (2) | 12,643 | ||||
8 | Omnicom Group Inc | 456 | ||||
198 | Roku Inc, (2) | 24,004 | ||||
5,290 | Sirius XM Holdings Inc | 31,264 | ||||
8 | Take-Two Interactive Software Inc, (2) | 968 | ||||
560 | TripAdvisor Inc, (2) | 11,183 | ||||
5,103 | Verizon Communications Inc | 293,167 | ||||
2,200 | Walt Disney Co | 237,930 | ||||
Total Communication Services | 1,301,933 | |||||
Consumer Discretionary – 9.5% | ||||||
119 | Booking Holdings Inc, (2) | 176,188 | ||||
1 | Chipotle Mexican Grill Inc, (2) | 879 | ||||
429 | Darden Restaurants Inc, (2) | 31,656 | ||||
8 | Domino's Pizza Inc | 2,895 | ||||
3,719 | eBay Inc | 148,128 | ||||
8 | Expedia Group Inc | 568 | ||||
48 | Gap Inc/The | 390 | ||||
9 | Hilton Worldwide Holdings Inc, (2) | 681 | ||||
966 | Home Depot Inc | 212,356 | ||||
991 | Lowe's Cos Inc | 103,807 | ||||
184 | MercadoLibre Inc, (2) | 107,366 | ||||
1 | Newell Brands Inc | 14 | ||||
1,538 | NIKE Inc | 134,083 | ||||
482 | Royal Caribbean Cruises Ltd | 22,543 | ||||
941 | Starbucks Corp | 72,203 | ||||
32 | Tapestry Inc, (2) | 476 | ||||
261 | Target Corp | 28,642 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
300 | Tesla Inc, (2) | $234,564 | ||||
8 | TJX Cos Inc/The, (2) | 392 | ||||
8 | Wayfair Inc, (2) | 992 | ||||
Total Consumer Discretionary | 1,278,823 | |||||
Consumer Staples – 6.9% | ||||||
301 | Bunge Ltd | 11,941 | ||||
18 | Campbell Soup Co | 900 | ||||
5,449 | Coca-Cola Co/The | 250,054 | ||||
2 | Colgate-Palmolive Co | 140 | ||||
19 | General Mills Inc | 1,138 | ||||
22 | Hormel Foods Corp | 1,031 | ||||
8 | Ingredion Inc | 649 | ||||
3,438 | Kroger Co/The | 108,675 | ||||
2,078 | PepsiCo Inc | 274,899 | ||||
2,386 | Procter & Gamble Co/The | 281,238 | ||||
Total Consumer Staples | 930,665 | |||||
Energy – 2.1% | ||||||
3,432 | Baker Hughes Co | 47,876 | ||||
12 | Cheniere Energy Inc, (2) | 560 | ||||
2,061 | National Oilwell Varco Inc | 26,051 | ||||
2,169 | ONEOK Inc | 64,918 | ||||
2,350 | TechnipFMC PLC | 20,939 | ||||
1,979 | Valero Energy Corp | 125,370 | ||||
Total Energy | 285,714 | |||||
Financials – 10.0% | ||||||
49 | Aflac Inc | 1,825 | ||||
20 | Allstate Corp | 2,034 | ||||
1,461 | American Express Co | 133,316 | ||||
4,459 | American International Group Inc | 113,392 | ||||
9 | Ameriprise Financial Inc | 1,035 | ||||
508 | Annaly Capital Management Inc | 3,175 | ||||
1 | Aon PLC | 173 | ||||
10 | Arch Capital Group Ltd, (2) | 240 | ||||
4,125 | Bank of New York Mellon Corp | 154,853 | ||||
8 | BlackRock Inc | 4,016 | ||||
630 | Blackstone Group Inc/The | 32,911 | ||||
142 | Charles Schwab Corp | 5,356 | ||||
578 | Chubb Ltd | 62,430 | ||||
691 | CME Group Inc | 123,143 | ||||
11 | Comerica Inc | 383 | ||||
11 | East West Bancorp Inc | 386 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
30 | Equitable Holdings Inc | $550 | ||||
8 | Franklin Resources Inc | 151 | ||||
2 | Globe Life Inc | 165 | ||||
12 | Hartford Financial Services Group Inc | 456 | ||||
398 | Huntington Bancshares Inc/OH | 3,678 | ||||
62 | Intercontinental Exchange Inc | 5,546 | ||||
92 | Invesco Ltd | 793 | ||||
5,209 | KeyCorp | 60,685 | ||||
2 | Lincoln National Corp | 71 | ||||
1,061 | Loews Corp | 36,774 | ||||
9 | M&T Bank Corp | 1,009 | ||||
2 | MarketAxess Holdings Inc | 910 | ||||
1,790 | Marsh & McLennan Cos Inc | 174,221 | ||||
1,620 | Morgan Stanley | 63,877 | ||||
8 | People's United Financial Inc | 102 | ||||
18 | Principal Financial Group Inc | 655 | ||||
668 | Progressive Corp/The | 51,636 | ||||
9 | Prudential Financial Inc | 561 | ||||
488 | S&P Global Inc | 142,925 | ||||
1 | State Street Corp | 63 | ||||
210 | Travelers Cos Inc/The | 21,254 | ||||
3,682 | Truist Financial Corp | 137,412 | ||||
10 | Zions Bancorp NA | 316 | ||||
Total Financials | 1,342,478 | |||||
Health Care – 14.1% | ||||||
2,412 | AbbVie Inc | 198,266 | ||||
198 | ABIOMED Inc, (2) | 37,868 | ||||
400 | Align Technology Inc, (2) | 85,940 | ||||
311 | Amgen Inc | 74,397 | ||||
669 | Baxter International Inc | 59,394 | ||||
139 | Biogen Inc, (2) | 41,259 | ||||
2,090 | Bristol-Myers Squibb Co | 127,093 | ||||
8 | Cardinal Health Inc | 396 | ||||
12 | Centene Corp, (2) | 799 | ||||
1 | Cerner Corp | 69 | ||||
861 | Cigna Corp | 168,567 | ||||
140 | Cooper Cos Inc/The | 40,138 | ||||
3,122 | CVS Health Corp | 192,159 | ||||
8 | DaVita Inc, (2) | 632 | ||||
29 | DENTSPLY SIRONA Inc | 1,231 | ||||
257 | DexCom Inc, (2) | 86,146 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
289 | Edwards Lifesciences Corp, (2) | $62,858 | ||||
1,839 | Elanco Animal Health Inc, (2) | 45,442 | ||||
919 | Eli Lilly and Co | 142,114 | ||||
731 | Gilead Sciences Inc | 61,404 | ||||
9 | Hologic Inc, (2) | 451 | ||||
9 | Humana Inc | 3,436 | ||||
2 | IDEXX Laboratories Inc, (2) | 555 | ||||
1,449 | Merck & Co Inc | 114,964 | ||||
1 | Quest Diagnostics Inc | 110 | ||||
1 | ResMed Inc | 155 | ||||
798 | Thermo Fisher Scientific Inc | 267,075 | ||||
388 | Varian Medical Systems Inc, (2) | 44,380 | ||||
151 | Vertex Pharmaceuticals Inc, (2) | 37,931 | ||||
8 | Waters Corp, (2) | 1,496 | ||||
9 | West Pharmaceutical Services Inc | 1,703 | ||||
Total Health Care | 1,898,428 | |||||
Industrials – 9.5% | ||||||
1,348 | 3M Co | 204,788 | ||||
2 | AMERCO, (2) | 560 | ||||
670 | Caterpillar Inc | 77,975 | ||||
2 | Copart Inc, (2) | 160 | ||||
2,528 | CSX Corp | 167,429 | ||||
9 | Deere & Co | 1,306 | ||||
98 | Eaton Corp PLC | 8,183 | ||||
1,421 | Fortive Corp | 90,944 | ||||
632 | Fortune Brands Home & Security Inc | 30,462 | ||||
1 | HD Supply Holdings Inc, (2) | 30 | ||||
228 | HEICO Corp | 19,973 | ||||
409 | HEICO Corp | 29,583 | ||||
2,008 | IHS Markit Ltd | 135,138 | ||||
9 | Illinois Tool Works Inc | 1,463 | ||||
2 | Ingersoll Rand Inc, (2) | 58 | ||||
1,061 | Johnson Controls International plc | 30,886 | ||||
8 | Lennox International Inc | 1,493 | ||||
1 | Middleby Corp/The, (2) | 56 | ||||
1,862 | Nielsen Holdings PLC | 27,427 | ||||
411 | Parker-Hannifin Corp | 64,987 | ||||
611 | Rockwell Automation Inc | 115,772 | ||||
352 | Roper Technologies Inc | 120,043 | ||||
541 | Spirit AeroSystems Holdings Inc | 11,989 | ||||
198 | Teledyne Technologies Inc, (2) | 64,483 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
8 | Trane Technologies PLC | $699 | ||||
2 | TransUnion | 158 | ||||
760 | United Parcel Service Inc | 71,942 | ||||
9 | Verisk Analytics Inc | 1,375 | ||||
Total Industrials | 1,279,362 | |||||
Information Technology – 26.8% | ||||||
1,249 | Accenture PLC | 231,302 | ||||
558 | Adobe Inc, (2) | 197,331 | ||||
1,501 | Applied Materials Inc | 74,570 | ||||
8 | Autodesk Inc, (2) | 1,497 | ||||
1,022 | Automatic Data Processing Inc | 149,917 | ||||
3,490 | Cisco Systems Inc | 147,906 | ||||
1 | Citrix Systems Inc | 145 | ||||
902 | Cognex Corp | 49,827 | ||||
709 | FLIR Systems Inc | 30,771 | ||||
6,840 | Hewlett Packard Enterprise Co | 68,810 | ||||
7,860 | HP Inc | 121,909 | ||||
1,670 | International Business Machines Corp | 209,685 | ||||
8 | Intuit Inc | 2,159 | ||||
991 | Keysight Technologies Inc, (2) | 95,899 | ||||
840 | Mastercard Inc | 230,975 | ||||
1,352 | Maxim Integrated Products Inc | 74,333 | ||||
4,892 | Microsoft Corp | 876,695 | ||||
1,478 | NortonLifeLock Inc | 31,437 | ||||
969 | NVIDIA Corp | 283,219 | ||||
562 | Okta Inc, (2) | 85,031 | ||||
32 | ON Semiconductor Corp, (2) | 513 | ||||
8 | Paycom Software Inc, (2) | 2,088 | ||||
229 | PayPal Holdings Inc, (2) | 28,167 | ||||
1,069 | salesforcecom Inc, (2) | 173,125 | ||||
2 | ServiceNow Inc, (2) | 703 | ||||
1,772 | TE Connectivity Ltd | 130,171 | ||||
1,990 | Texas Instruments Inc | 230,979 | ||||
1,320 | Trimble Inc, (2) | 45,712 | ||||
28 | Western Union Co/The | 534 | ||||
1,029 | Xerox Holdings Corp | 18,820 | ||||
Total Information Technology | 3,594,230 | |||||
Materials – 4.1% | ||||||
7,738 | Amcor PLC | 69,410 | ||||
1 | Axalta Coating Systems Ltd, (2) | 20 | ||||
11 | Ball Corp | 721 |
Shares | Description (1) | Value | ||||
Materials (continued) | ||||||
1,069 | Ecolab Inc | $206,851 | ||||
441 | International Flavors & Fragrances Inc | 57,784 | ||||
1,221 | Mosaic Co/The | 14,054 | ||||
589 | Newmont Corp | 35,034 | ||||
559 | PPG Industries Inc | 50,774 | ||||
195 | Sherwin-Williams Co | 104,592 | ||||
350 | Steel Dynamics Inc | 8,495 | ||||
Total Materials | 547,735 | |||||
Real Estate – 4.2% | ||||||
1,008 | American Tower Corp | 239,904 | ||||
2 | CBRE Group Inc, (2) | 86 | ||||
308 | Equinix Inc | 207,962 | ||||
10 | Equity Residential | 651 | ||||
2,789 | Host Hotels & Resorts Inc | 34,333 | ||||
118 | Jones Lang LaSalle Inc | 12,458 | ||||
818 | Prologis Inc | 72,990 | ||||
22 | UDR Inc | 824 | ||||
2 | Welltower Inc | 102 | ||||
Total Real Estate | 569,310 | |||||
Utilities – 2.9% | ||||||
1,750 | Consolidated Edison Inc | 137,900 | ||||
1,018 | Eversource Energy | 82,152 | ||||
1,368 | Sempra Energy | 169,427 | ||||
Total Utilities | 389,479 | |||||
Total Long-Term Investments (cost $13,661,835) | 13,418,157 | |||||
Other Assets Less Liabilities – 0.2% | 21,629 | |||||
Net Assets – 100% | $ 13,439,786 |
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 – 8.9% | ||||||
33,211 | Activision Blizzard Inc | $2,116,537 | ||||
4,447 | Alphabet Inc, (2) | 5,997,491 | ||||
6,016 | Alphabet Inc, (2) | 8,101,747 | ||||
603 | Electronic Arts Inc, (2) | 68,899 | ||||
38,378 | Liberty Global PLC, (2) | 702,701 | ||||
15,151 | Liberty Global PLC, (2) | 294,233 | ||||
Total Communication Services | 17,281,608 | |||||
Consumer Discretionary – 15.3% | ||||||
165 | Advance Auto Parts Inc | 19,950 | ||||
260 | Aptiv PLC, (2) | 18,083 | ||||
510 | Aramark | 13,928 | ||||
1,858 | Booking Holdings Inc, (2) | 2,750,899 | ||||
359 | Chipotle Mexican Grill Inc, (2) | 315,400 | ||||
81 | Domino's Pizza Inc | 29,316 | ||||
49,311 | eBay Inc | 1,964,057 | ||||
19,609 | Expedia Group Inc | 1,391,847 | ||||
12,671 | Grubhub Inc, (2) | 605,547 | ||||
21,901 | Home Depot Inc | 4,814,497 | ||||
666 | LKQ Corp, (2) | 17,416 | ||||
31,361 | Lowe's Cos Inc | 3,285,065 | ||||
88 | Lululemon Athletica Inc, (2) | 19,666 | ||||
4,417 | MercadoLibre Inc, (2) | 2,577,364 | ||||
33,988 | NIKE Inc | 2,963,074 | ||||
5 | NVR Inc, (2) | 15,500 | ||||
47,595 | Starbucks Corp | 3,651,964 | ||||
5,124 | Tesla Inc, (2) | 4,006,353 | ||||
19,554 | TJX Cos Inc/The, (2) | 959,124 | ||||
217 | Tractor Supply Co | 22,010 | ||||
1,416 | Under Armour Inc, (2) | 14,755 | ||||
1,559 | Under Armour Inc, (2) | 14,452 | ||||
301 | VF Corp | 17,488 | ||||
2,009 | Wayfair Inc, (2) | 249,196 | ||||
Total Consumer Discretionary | 29,736,951 | |||||
Consumer Staples – 4.5% | ||||||
32,363 | Church & Dwight Co Inc | 2,265,086 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
6,166 | Clorox Co/The | $1,149,589 | ||||
7,005 | Estee Lauder Cos Inc/The, (2) | 1,235,682 | ||||
20,823 | Lamb Weston Holdings Inc | 1,277,699 | ||||
17,565 | McCormick & Co Inc/MD | 2,754,895 | ||||
Total Consumer Staples | 8,682,951 | |||||
Energy – 0.0% | ||||||
1,279 | Baker Hughes Co | 17,842 | ||||
Financials – 4.7% | ||||||
21,810 | American Express Co | 1,990,162 | ||||
79 | FactSet Research Systems Inc | 21,725 | ||||
26,605 | Marsh & McLennan Cos Inc | 2,589,465 | ||||
3,148 | Moody's Corp | 767,797 | ||||
12,448 | S&P Global Inc | 3,645,770 | ||||
203 | SVB Financial Group, (2) | 39,214 | ||||
Total Financials | 9,054,133 | |||||
Health Care – 14.0% | ||||||
6,028 | ABIOMED Inc, (2) | 1,152,855 | ||||
268 | Agilent Technologies Inc | 20,545 | ||||
9,039 | Align Technology Inc, (2) | 1,942,029 | ||||
5,542 | Baxter International Inc | 492,019 | ||||
256 | BioMarin Pharmaceutical Inc, (2) | 23,557 | ||||
37,645 | Centene Corp, (2) | 2,506,404 | ||||
8,677 | Cerner Corp | 602,097 | ||||
71 | Cooper Cos Inc/The | 20,356 | ||||
266 | DaVita Inc, (2) | 21,017 | ||||
9,443 | DexCom Inc, (2) | 3,165,294 | ||||
5,292 | Edwards Lifesciences Corp, (2) | 1,151,010 | ||||
1,647 | Elanco Animal Health Inc, (2) | 40,697 | ||||
29,503 | Eli Lilly and Co | 4,562,344 | ||||
300 | Henry Schein Inc, (2) | 16,368 | ||||
411 | Hologic Inc, (2) | 20,591 | ||||
5,917 | Humana Inc | 2,259,229 | ||||
82 | IDEXX Laboratories Inc, (2) | 22,763 | ||||
1,531 | IQVIA Holdings Inc, (2) | 218,305 | ||||
166 | Jazz Pharmaceuticals PLC, (2) | 18,301 | ||||
1,463 | Laboratory Corp of America Holdings, (2) | 240,590 | ||||
23 | Mettler-Toledo International Inc, (2) | 16,559 | ||||
223 | PerkinElmer Inc | 20,188 | ||||
119 | ResMed Inc | 18,483 | ||||
123 | STERIS PLC | 17,528 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
13,507 | Thermo Fisher Scientific Inc | $4,520,523 | ||||
2,804 | Varian Medical Systems Inc, (2) | 320,722 | ||||
14,847 | Vertex Pharmaceuticals Inc, (2) | 3,729,566 | ||||
100 | Waters Corp, (2) | 18,700 | ||||
119 | West Pharmaceutical Services Inc | 22,522 | ||||
165 | Zoetis Inc | 21,336 | ||||
Total Health Care | 27,202,498 | |||||
Industrials – 11.8% | ||||||
209 | Acuity Brands Inc | 18,097 | ||||
185 | Allegion plc | 18,600 | ||||
504 | AO Smith Corp | 21,359 | ||||
80 | Cintas Corp | 17,746 | ||||
679 | Copart Inc, (2) | 54,395 | ||||
4,629 | Dover Corp | 433,506 | ||||
128 | Equifax Inc | 17,779 | ||||
7,869 | Expeditors International of Washington Inc | 563,460 | ||||
556 | Fastenal Co | 20,138 | ||||
472 | Flowserve Corp | 13,296 | ||||
23,235 | Fortive Corp | 1,487,040 | ||||
370 | Fortune Brands Home & Security Inc | 17,834 | ||||
6,035 | HEICO Corp | 528,666 | ||||
10,672 | HEICO Corp | 771,906 | ||||
118 | IDEX Corp | 18,128 | ||||
38,509 | IHS Markit Ltd | 2,591,656 | ||||
113 | Illinois Tool Works Inc | 18,362 | ||||
42,396 | Johnson Controls International plc | 1,234,148 | ||||
92 | Lennox International Inc | 17,175 | ||||
473 | Masco Corp | 19,412 | ||||
195 | Middleby Corp/The, (2) | 10,848 | ||||
161 | Old Dominion Freight Line Inc | 23,392 | ||||
358 | Robert Half International Inc | 16,923 | ||||
8,186 | Rockwell Automation Inc | 1,551,083 | ||||
8,030 | Roper Technologies Inc | 2,738,471 | ||||
9,907 | Spirit AeroSystems Holdings Inc | 219,539 | ||||
5,181 | Teledyne Technologies Inc, (2) | 1,687,296 | ||||
13,027 | Trane Technologies PLC | 1,138,820 | ||||
4,904 | TransDigm Group Inc, (2) | 1,780,544 | ||||
26,275 | TransUnion | 2,070,207 | ||||
18,213 | Verisk Analytics Inc | 2,783,493 | ||||
7,281 | WABCO Holdings Inc, (2) | 978,421 | ||||
77 | WW Grainger Inc | 21,220 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
261 | Xylem Inc/NY | $ 18,766 | ||||
Total Industrials | 22,921,726 | |||||
Information Technology – 34.8% | ||||||
21,888 | Accenture PLC | 4,053,439 | ||||
14,143 | Adobe Inc, (2) | 5,001,530 | ||||
55,308 | Applied Materials Inc | 2,747,701 | ||||
16,404 | Autodesk Inc, (2) | 3,069,681 | ||||
21,426 | Automatic Data Processing Inc | 3,142,980 | ||||
38,986 | Cadence Design Systems Inc, (2) | 3,162,934 | ||||
18,526 | Citrix Systems Inc | 2,686,455 | ||||
6,738 | FLIR Systems Inc | 292,429 | ||||
12,760 | Intuit Inc | 3,442,776 | ||||
26,669 | Keysight Technologies Inc, (2) | 2,580,759 | ||||
2,747 | Lam Research Corp | 701,254 | ||||
20,816 | Mastercard Inc | 5,723,775 | ||||
38,480 | Maxim Integrated Products Inc | 2,115,630 | ||||
17,541 | NVIDIA Corp | 5,126,883 | ||||
15,159 | Okta Inc, (2) | 2,293,557 | ||||
7,042 | Paycom Software Inc, (2) | 1,838,103 | ||||
15,632 | PTC Inc, (2) | 1,082,516 | ||||
26,223 | salesforcecom Inc, (2) | 4,246,815 | ||||
10,364 | ServiceNow Inc, (2) | 3,643,361 | ||||
18,085 | Splunk Inc, (2) | 2,538,411 | ||||
34,244 | Texas Instruments Inc | 3,974,701 | ||||
35,509 | Trimble Inc, (2) | 1,229,677 | ||||
11,705 | VMware Inc, (2) | 1,539,442 | ||||
8,425 | Workday Inc, (2) | 1,296,607 | ||||
Total Information Technology | 67,531,416 | |||||
Materials – 4.4% | ||||||
168 | Avery Dennison Corp | 18,546 | ||||
750 | Axalta Coating Systems Ltd, (2) | 14,805 | ||||
17,484 | Ball Corp | 1,146,776 | ||||
16,919 | Ecolab Inc | 3,273,826 | ||||
15,574 | PPG Industries Inc | 1,414,586 | ||||
5,164 | Sherwin-Williams Co | 2,769,815 | ||||
Total Materials | 8,638,354 | |||||
Real Estate – 1.4% | ||||||
359 | CBRE Group Inc, (2) | 15,412 | ||||
31,618 | Prologis Inc | 2,821,274 | ||||
Total Real Estate | 2,836,686 | |||||
Total Long-Term Investments (cost $187,481,851) | 193,904,165 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$ 310 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 5/01/20 | N/R | $ 310,000 | |
Total Short-Term Investments (cost $310,000) | 310,000 | |||||
Total Investments (cost $187,791,851) – 100.0% | 194,214,165 | |||||
Other Assets Less Liabilities – 0.0% | 47,727 | |||||
Net Assets – 100% | $ 194,261,892 |
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. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 8.2% | ||||||
4,742 | Activision Blizzard Inc | $302,208 | ||||
18,986 | Discovery Inc, (2) | 387,504 | ||||
221 | Electronic Arts Inc, (2) | 25,251 | ||||
22,877 | Liberty Global PLC, (2) | 418,878 | ||||
9,003 | Liberty Global PLC, (2) | 174,838 | ||||
12,349 | Omnicom Group Inc | 704,264 | ||||
7,162 | Roku Inc, (2) | 868,249 | ||||
787 | TripAdvisor Inc, (2) | 15,716 | ||||
112,340 | Verizon Communications Inc | 6,453,933 | ||||
47,971 | Walt Disney Co | 5,188,064 | ||||
Total Communication Services | 14,538,905 | |||||
Consumer Discretionary – 3.0% | ||||||
3,210 | Aptiv PLC, (2) | 223,256 | ||||
513 | Aramark | 14,010 | ||||
286 | Autoliv Inc, (2) | 17,166 | ||||
254 | Best Buy Co Inc | 19,489 | ||||
658 | BorgWarner Inc | 18,799 | ||||
242 | Darden Restaurants Inc, (2) | 17,857 | ||||
1,288 | Gap Inc/The | 10,459 | ||||
2,633 | Garmin Ltd | 213,694 | ||||
3,151 | Genuine Parts Co | 249,811 | ||||
1,454 | Hanesbrands Inc | 14,453 | ||||
18,360 | Harley-Davidson Inc | 400,799 | ||||
507 | Leggett & Platt Inc | 17,811 | ||||
8,474 | Mohawk Industries Inc, (2) | 743,339 | ||||
24,829 | Newell Brands Inc | 344,627 | ||||
548 | Nordstrom Inc, (2) | 10,291 | ||||
806 | Norwegian Cruise Line Holdings Ltd, (2) | 13,218 | ||||
369 | PVH Corp, (2) | 18,166 | ||||
13,711 | Royal Caribbean Cruises Ltd | 641,264 | ||||
8,430 | Target Corp | 925,108 | ||||
11,045 | Tiffany & Co | 1,397,193 | ||||
273 | VF Corp | 15,861 | ||||
Total Consumer Discretionary | 5,326,671 |
Shares | Description (1) | Value | ||||
Consumer Staples – 14.4% | ||||||
22,239 | Bunge Ltd | $882,221 | ||||
511 | Campbell Soup Co | 25,540 | ||||
135 | Clorox Co/The | 25,169 | ||||
110,001 | Coca-Cola Co/The | 5,047,946 | ||||
31,331 | Colgate-Palmolive Co | 2,201,629 | ||||
60,395 | General Mills Inc | 3,617,057 | ||||
19,076 | Kellogg Co | 1,249,478 | ||||
40,740 | PepsiCo Inc | 5,389,495 | ||||
61,128 | Procter & Gamble Co/The | 7,205,157 | ||||
Total Consumer Staples | 25,643,692 | |||||
Energy – 3.2% | ||||||
35,854 | Baker Hughes Co | 500,163 | ||||
60,387 | National Oilwell Varco Inc | 763,292 | ||||
42,230 | ONEOK Inc | 1,263,944 | ||||
67,036 | TechnipFMC PLC | 597,291 | ||||
39,618 | Valero Energy Corp | 2,509,800 | ||||
Total Energy | 5,634,490 | |||||
Financials – 20.3% | ||||||
55,110 | Aflac Inc | 2,052,296 | ||||
228 | American Financial Group Inc/OH | 15,103 | ||||
69,371 | American International Group Inc | 1,764,105 | ||||
223,808 | Annaly Capital Management Inc | 1,398,800 | ||||
225 | Arthur J Gallagher & Co | 17,662 | ||||
144 | Assurant Inc | 15,299 | ||||
621 | Athene Holding Ltd, (2) | 16,767 | ||||
68,229 | Bank of New York Mellon Corp | 2,561,317 | ||||
6,677 | BlackRock Inc | 3,352,121 | ||||
233 | Cboe Global Markets Inc | 23,156 | ||||
498 | Charles Schwab Corp | 18,785 | ||||
23,878 | Chubb Ltd | 2,579,063 | ||||
180 | Cincinnati Financial Corp | 11,844 | ||||
799 | Citizens Financial Group Inc | 17,890 | ||||
7,853 | CME Group Inc | 1,399,483 | ||||
521 | Comerica Inc | 18,162 | ||||
30,692 | Discover Financial Services | 1,318,835 | ||||
510 | E*TRADE Financial Corp | 20,711 | ||||
490 | East West Bancorp Inc | 17,184 | ||||
432 | Eaton Vance Corp | 15,854 | ||||
921 | Fifth Third Bancorp | 17,213 | ||||
223 | Globe Life Inc | 18,362 | ||||
390 | Hartford Financial Services Group Inc | 14,816 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
126,348 | Huntington Bancshares Inc/OH | $1,167,455 | ||||
149,340 | KeyCorp | 1,739,811 | ||||
15,674 | KKR & Co Inc | 395,142 | ||||
41,903 | Loews Corp | 1,452,358 | ||||
17 | Markel Corp, (2) | 14,719 | ||||
26,948 | Marsh & McLennan Cos Inc | 2,622,849 | ||||
68,350 | Morgan Stanley | 2,695,040 | ||||
228 | Nasdaq Inc | 25,005 | ||||
1,347 | People's United Financial Inc | 17,093 | ||||
11,707 | PNC Financial Services Group Inc | 1,248,786 | ||||
11,603 | Prudential Financial Inc | 723,679 | ||||
1,725 | Regions Financial Corp | 18,544 | ||||
133 | Reinsurance Group of America Inc | 13,922 | ||||
118 | RenaissanceRe Holdings Ltd | 17,229 | ||||
155 | Signature Bank/New York NY | 16,613 | ||||
9,975 | State Street Corp | 628,824 | ||||
23,708 | Travelers Cos Inc/The | 2,399,487 | ||||
41,991 | Truist Financial Corp | 1,567,104 | ||||
768 | Unum Group | 13,402 | ||||
73,533 | US Bancorp | 2,683,954 | ||||
114 | Willis Towers Watson PLC | 20,325 | ||||
277 | WR Berkley Corp | 14,958 | ||||
501 | Zions Bancorp NA | 15,837 | ||||
Total Financials | 36,196,964 | |||||
Health Care – 15.4% | ||||||
52,510 | AbbVie Inc | 4,316,322 | ||||
3,238 | Amgen Inc | 774,594 | ||||
78,282 | Bristol-Myers Squibb Co | 4,760,328 | ||||
35,864 | Cardinal Health Inc | 1,774,551 | ||||
3,334 | Cigna Corp | 652,731 | ||||
58,484 | CVS Health Corp | 3,599,690 | ||||
34,866 | DENTSPLY SIRONA Inc | 1,479,713 | ||||
23,359 | Elanco Animal Health Inc, (2) | 577,201 | ||||
29,155 | Gilead Sciences Inc | 2,449,020 | ||||
296 | Henry Schein Inc, (2) | 16,150 | ||||
162 | Jazz Pharmaceuticals PLC, (2) | 17,861 | ||||
73,206 | Merck & Co Inc | 5,808,164 | ||||
4,586 | STERIS PLC | 653,505 | ||||
4,972 | Varian Medical Systems Inc, (2) | 568,697 | ||||
Total Health Care | 27,448,527 |
Shares | Description (1) | Value | ||||
Industrials – 11.0% | ||||||
26,297 | 3M Co | $3,995,040 | ||||
1,375 | AMERCO, (2) | 385,179 | ||||
28,691 | Caterpillar Inc | 3,339,058 | ||||
18,244 | CH Robinson Worldwide Inc | 1,293,499 | ||||
2,351 | Deere & Co | 341,036 | ||||
24,518 | Eaton Corp PLC | 2,047,253 | ||||
6,816 | Expeditors International of Washington Inc | 488,060 | ||||
566 | Flowserve Corp | 15,944 | ||||
6,227 | Fortive Corp | 398,528 | ||||
541 | HD Supply Holdings Inc, (2) | 16,057 | ||||
60,409 | Johnson Controls International plc | 1,758,506 | ||||
254 | ManpowerGroup Inc | 18,857 | ||||
19,777 | Masco Corp | 811,648 | ||||
55,757 | Nielsen Holdings PLC | 821,301 | ||||
371 | Owens Corning | 16,086 | ||||
8,156 | Parker-Hannifin Corp | 1,289,627 | ||||
525 | Pentair PLC | 18,160 | ||||
118 | Rockwell Automation Inc | 22,359 | ||||
5,702 | Roper Technologies Inc | 1,944,553 | ||||
140 | Snap-on Inc | 18,241 | ||||
5,887 | Waste Management Inc | 588,818 | ||||
Total Industrials | 19,627,810 | |||||
Information Technology – 10.4% | ||||||
93,309 | Cisco Systems Inc | 3,954,435 | ||||
407 | FLIR Systems Inc | 17,664 | ||||
124,931 | Hewlett Packard Enterprise Co | 1,256,806 | ||||
145,491 | HP Inc | 2,256,565 | ||||
109,762 | Intel Corp | 6,583,525 | ||||
32,049 | International Business Machines Corp | 4,024,072 | ||||
1,377 | Lam Research Corp | 351,521 | ||||
1,231 | TE Connectivity Ltd | 90,429 | ||||
650 | Xerox Holdings Corp | 11,889 | ||||
Total Information Technology | 18,546,906 | |||||
Materials – 4.6% | ||||||
195,408 | Amcor PLC | 1,752,810 | ||||
13,641 | International Flavors & Fragrances Inc | 1,787,380 | ||||
523 | International Paper Co | 17,913 | ||||
56,356 | Mosaic Co/The | 648,658 | ||||
29,758 | Newmont Corp | 1,770,006 | ||||
18,509 | PPG Industries Inc | 1,681,172 | ||||
653 | Sealed Air Corp | 18,669 |
Shares | Description (1) | Value | ||||
Materials (continued) | ||||||
25,172 | Steel Dynamics Inc | $ 610,924 | ||||
Total Materials | 8,287,532 | |||||
Real Estate – 4.8% | ||||||
132 | Alexandria Real Estate Equities Inc | 20,736 | ||||
5,803 | Boston Properties Inc | 563,935 | ||||
37,465 | Equity Residential | 2,437,473 | ||||
112,526 | Host Hotels & Resorts Inc | 1,385,195 | ||||
4,107 | Jones Lang LaSalle Inc | 433,617 | ||||
35,417 | Prologis Inc | 3,160,259 | ||||
365 | Regency Centers Corp | 16,027 | ||||
10,894 | Welltower Inc | 558,100 | ||||
673 | WP Carey Inc | 44,270 | ||||
Total Real Estate | 8,619,612 | |||||
Utilities – 4.5% | ||||||
34,275 | Consolidated Edison Inc | 2,700,870 | ||||
34,037 | Eversource Energy | 2,746,786 | ||||
21,493 | Sempra Energy | 2,661,908 | ||||
Total Utilities | 8,109,564 | |||||
Total Long-Term Investments (cost $194,113,489) | 177,980,673 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$ 365 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 5/01/20 | N/R | $ 365,000 | |
Total Short-Term Investments (cost $365,000) | 365,000 | |||||
Total Investments (cost $194,478,489) – 100.0% | 178,345,673 | |||||
Other Assets Less Liabilities – 0.0% | 64,863 | |||||
Net Assets – 100% | $ 178,410,536 |
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. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 7.7% | ||||||
15,856 | Liberty Broadband Corp, (2) | $1,945,214 | ||||
6,700 | Live Nation Entertainment Inc, (2) | 300,629 | ||||
32,276 | Pinterest Inc, (2) | 666,822 | ||||
5,687 | Roku Inc, (2) | 689,435 | ||||
121,402 | Snap Inc, (2) | 2,137,889 | ||||
18,347 | Take-Two Interactive Software Inc, (2) | 2,220,905 | ||||
Total Communication Services | 7,960,894 | |||||
Consumer Discretionary – 11.1% | ||||||
2,913 | Chipotle Mexican Grill Inc, (2) | 2,559,216 | ||||
6,821 | Domino's Pizza Inc | 2,468,725 | ||||
58,744 | LKQ Corp, (2) | 1,536,156 | ||||
7,032 | Lululemon Athletica Inc, (2) | 1,571,511 | ||||
4,564 | Tractor Supply Co | 462,927 | ||||
16,586 | Under Armour Inc, (2) | 172,826 | ||||
34,813 | Under Armour Inc, (2) | 322,716 | ||||
19,332 | Wayfair Inc, (2) | 2,397,941 | ||||
Total Consumer Discretionary | 11,492,018 | |||||
Consumer Staples – 2.9% | ||||||
10,427 | Lamb Weston Holdings Inc | 639,801 | ||||
14,964 | McCormick & Co Inc/MD | 2,346,954 | ||||
Total Consumer Staples | 2,986,755 | |||||
Financials – 8.2% | ||||||
33,930 | Brown & Brown Inc | 1,218,426 | ||||
9,959 | Erie Indemnity Co | 1,773,300 | ||||
3,652 | FactSet Research Systems Inc | 1,004,300 | ||||
16,057 | First Republic Bank/CA | 1,674,584 | ||||
5,788 | MarketAxess Holdings Inc | 2,633,598 | ||||
777 | SVB Financial Group, (2) | 150,093 | ||||
Total Financials | 8,454,301 | |||||
Health Care – 21.5% | ||||||
66 | ABIOMED Inc, (2) | 12,622 | ||||
2,119 | Align Technology Inc, (2) | 455,267 | ||||
4,870 | DaVita Inc, (2) | 384,779 | ||||
9,563 | DexCom Inc, (2) | 3,205,518 | ||||
20,004 | Henry Schein Inc, (2) | 1,091,418 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
8,588 | IDEXX Laboratories Inc, (2) | $2,384,029 | ||||
10,136 | Jazz Pharmaceuticals PLC, (2) | 1,117,494 | ||||
9,209 | Laboratory Corp of America Holdings, (2) | 1,514,420 | ||||
3,055 | Mettler-Toledo International Inc, (2) | 2,199,417 | ||||
20,849 | PerkinElmer Inc | 1,887,460 | ||||
15,606 | ResMed Inc | 2,423,924 | ||||
10,202 | STERIS PLC | 1,453,785 | ||||
9,412 | Waters Corp, (2) | 1,760,044 | ||||
11,961 | West Pharmaceutical Services Inc | 2,263,739 | ||||
Total Health Care | 22,153,916 | |||||
Industrials – 16.5% | ||||||
6,354 | Acuity Brands Inc | 550,193 | ||||
24,752 | Copart Inc, (2) | 1,982,883 | ||||
24,875 | Expeditors International of Washington Inc | 1,781,174 | ||||
11,835 | Fortune Brands Home & Security Inc | 570,447 | ||||
9,574 | IDEX Corp | 1,470,854 | ||||
7,575 | Lennox International Inc | 1,414,101 | ||||
2,934 | Masco Corp | 120,411 | ||||
15,548 | Middleby Corp/The, (2) | 864,935 | ||||
16,571 | Robert Half International Inc | 783,311 | ||||
5,551 | Teledyne Technologies Inc, (2) | 1,807,794 | ||||
16,395 | Verisk Analytics Inc | 2,505,648 | ||||
4,695 | WW Grainger Inc | 1,293,848 | ||||
25,441 | Xylem Inc/NY | 1,829,208 | ||||
Total Industrials | 16,974,807 | |||||
Information Technology – 26.0% | ||||||
5,422 | ANSYS Inc, (2) | 1,419,642 | ||||
3,095 | Arista Networks Inc, (2) | 678,734 | ||||
15,300 | Cadence Design Systems Inc, (2) | 1,241,289 | ||||
12,801 | Citrix Systems Inc | 1,856,273 | ||||
11,774 | Cognex Corp | 650,396 | ||||
24,405 | FLIR Systems Inc | 1,059,177 | ||||
19,448 | Fortinet Inc, (2) | 2,095,328 | ||||
12,240 | Jack Henry & Associates Inc | 2,001,852 | ||||
21,581 | Keysight Technologies Inc, (2) | 2,088,393 | ||||
36,799 | Maxim Integrated Products Inc | 2,023,209 | ||||
14,080 | Okta Inc, (2) | 2,130,304 | ||||
6,418 | Paycom Software Inc, (2) | 1,675,226 | ||||
19,569 | PTC Inc, (2) | 1,355,153 | ||||
5,898 | RingCentral Inc, (2) | 1,347,870 | ||||
4,098 | Splunk Inc, (2) | 575,195 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
43,250 | Trimble Inc, (2) | $1,497,748 | ||||
15,005 | Twilio Inc, (2) | 1,685,061 | ||||
6,030 | Zebra Technologies Corp, (2) | 1,384,850 | ||||
Total Information Technology | 26,765,700 | |||||
Materials – 2.7% | ||||||
14,812 | Avery Dennison Corp | 1,635,096 | ||||
58,547 | Axalta Coating Systems Ltd, (2) | 1,155,718 | ||||
Total Materials | 2,790,814 | |||||
Real Estate – 3.3% | ||||||
38,977 | CBRE Group Inc, (2) | 1,673,283 | ||||
19,037 | Extra Space Storage Inc | 1,679,825 | ||||
Total Real Estate | 3,353,108 | |||||
Total Long-Term Investments (cost $96,900,702) | 102,932,313 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 120 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 5/01/20 | N/R | $ 120,000 | |
Total Short-Term Investments (cost $120,000) | 120,000 | |||||
Total Investments (cost $97,020,702) – 100.0% | 103,052,313 | |||||
Other Assets Less Liabilities – (0.0)% | (17,498) | |||||
Net Assets – 100% | $ 103,034,815 |
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. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 3.0% | ||||||
45,241 | Discovery Inc, (2) | $923,369 | ||||
16,729 | Interpublic Group of Cos Inc/The | 284,058 | ||||
9,877 | Roku Inc, (2) | 1,197,389 | ||||
Total Communication Services | 2,404,816 | |||||
Consumer Discretionary – 15.9% | ||||||
15,167 | Aramark | 414,211 | ||||
11,777 | Best Buy Co Inc | 903,649 | ||||
5,651 | BorgWarner Inc | 161,449 | ||||
17,640 | Darden Restaurants Inc, (2) | 1,301,656 | ||||
20,842 | Garmin Ltd | 1,691,537 | ||||
40,184 | Hanesbrands Inc | 399,429 | ||||
35,579 | Harley-Davidson Inc | 776,690 | ||||
20,569 | Hasbro Inc | 1,485,287 | ||||
10,857 | Mohawk Industries Inc, (2) | 952,376 | ||||
86,730 | Newell Brands Inc | 1,203,812 | ||||
348 | PVH Corp, (2) | 17,132 | ||||
15,696 | Tiffany & Co | 1,985,544 | ||||
7,526 | Vail Resorts Inc, (2) | 1,286,946 | ||||
Total Consumer Discretionary | 12,579,718 | |||||
Consumer Staples – 5.4% | ||||||
32,192 | Bunge Ltd | 1,277,056 | ||||
31,217 | Campbell Soup Co | 1,560,226 | ||||
17,375 | Ingredion Inc | 1,410,850 | ||||
Total Consumer Staples | 4,248,132 | |||||
Energy – 2.1% | ||||||
78,447 | National Oilwell Varco Inc | 991,570 | ||||
75,054 | TechnipFMC PLC | 668,731 | ||||
Total Energy | 1,660,301 | |||||
Financials – 18.2% | ||||||
19,792 | Ally Financial Inc | 324,391 | ||||
203,355 | Annaly Capital Management Inc | 1,270,969 | ||||
49,511 | Arch Capital Group Ltd, (2) | 1,189,749 | ||||
22,258 | Arthur J Gallagher & Co | 1,747,253 | ||||
57,604 | Citizens Financial Group Inc | 1,289,753 | ||||
1,940 | Comerica Inc | 67,628 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
26,115 | E*TRADE Financial Corp | $1,060,530 | ||||
67,742 | Equitable Holdings Inc | 1,241,033 | ||||
29,300 | Hartford Financial Services Group Inc | 1,113,107 | ||||
68,760 | Invesco Ltd | 592,711 | ||||
18,766 | Lincoln National Corp | 665,630 | ||||
70,214 | People's United Financial Inc | 891,016 | ||||
19,721 | Principal Financial Group Inc | 718,042 | ||||
4,753 | Regions Financial Corp | 51,095 | ||||
11,387 | Reinsurance Group of America Inc | 1,191,991 | ||||
9,176 | Signature Bank/New York NY | 983,484 | ||||
352 | Zions Bancorp NA | 11,127 | ||||
Total Financials | 14,409,509 | |||||
Health Care – 4.2% | ||||||
26,996 | DENTSPLY SIRONA Inc | 1,145,710 | ||||
264 | Henry Schein Inc, (2) | 14,404 | ||||
4,549 | Jazz Pharmaceuticals PLC, (2) | 501,527 | ||||
14,421 | Quest Diagnostics Inc | 1,587,897 | ||||
820 | STERIS PLC | 116,850 | ||||
Total Health Care | 3,366,388 | |||||
Industrials – 12.4% | ||||||
3,959 | AMERCO, (2) | 1,109,035 | ||||
15,521 | CH Robinson Worldwide Inc | 1,100,439 | ||||
364 | Expeditors International of Washington Inc | 26,064 | ||||
32,765 | Fastenal Co | 1,186,748 | ||||
2,306 | Flowserve Corp | 64,960 | ||||
40,561 | HD Supply Holdings Inc, (2) | 1,203,850 | ||||
5,969 | ManpowerGroup Inc | 443,139 | ||||
17,616 | Masco Corp | 722,961 | ||||
78,620 | Nielsen Holdings PLC | 1,158,073 | ||||
26,164 | Owens Corning | 1,134,471 | ||||
10,926 | Snap-on Inc | 1,423,548 | ||||
2,184 | United Rentals Inc, (2) | 280,644 | ||||
Total Industrials | 9,853,932 | |||||
Information Technology – 9.5% | ||||||
28,133 | FLIR Systems Inc | 1,220,972 | ||||
18,788 | Juniper Networks Inc | 405,821 | ||||
86,036 | Marvell Technology Group Ltd | 2,300,603 | ||||
23,735 | NortonLifeLock Inc | 504,843 | ||||
70,355 | Sabre Corp, (2) | 511,481 | ||||
8,021 | Skyworks Solutions Inc | 833,222 | ||||
74,012 | Western Union Co/The | 1,411,409 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
20,425 | Xerox Holdings Corp | $ 373,573 | ||||
Total Information Technology | 7,561,924 | |||||
Materials – 8.1% | ||||||
217,333 | Amcor PLC | 1,949,477 | ||||
13,237 | Celanese Corp | 1,099,597 | ||||
15,307 | International Flavors & Fragrances Inc | 2,005,676 | ||||
49,931 | Mosaic Co/The | 574,706 | ||||
24,801 | Sealed Air Corp | 709,061 | ||||
4,406 | Steel Dynamics Inc | 106,934 | ||||
Total Materials | 6,445,451 | |||||
Real Estate – 18.4% | ||||||
13,678 | Alexandria Real Estate Equities Inc | 2,148,677 | ||||
54,262 | Duke Realty Corp | 1,882,891 | ||||
60,218 | Healthpeak Properties Inc | 1,574,098 | ||||
117,264 | Host Hotels & Resorts Inc | 1,443,520 | ||||
54,379 | Iron Mountain Inc | 1,314,884 | ||||
10,553 | Jones Lang LaSalle Inc | 1,114,186 | ||||
31,270 | Kimco Realty Corp | 341,156 | ||||
22,966 | Regency Centers Corp | 1,008,437 | ||||
25,203 | UDR Inc | 944,356 | ||||
72,499 | VICI Properties Inc | 1,262,933 | ||||
23,670 | WP Carey Inc | 1,557,013 | ||||
Total Real Estate | 14,592,151 | |||||
Utilities – 2.5% | ||||||
34,580 | CMS Energy Corp | 1,974,172 | ||||
Total Long-Term Investments (cost $89,114,527) | 79,096,494 |
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 Agricultural Mortgage Corporation Discount Notes | 0.000% | 5/01/20 | N/R | $ 140,000 | |
Total Short-Term Investments (cost $140,000) | 140,000 | |||||
Total Investments (cost $89,254,527) – 99.9% | 79,236,494 | |||||
Other Assets Less Liabilities – 0.1% | 64,556 | |||||
Net Assets – 100% | $ 79,301,050 |
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. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 2.8% | ||||||
17,855 | Boingo Wireless Inc, (2) | $248,899 | ||||
336 | Cable One Inc | 642,721 | ||||
2,575 | Cardlytics Inc, (2) | 115,746 | ||||
1,722 | Cinemark Holdings Inc, (2) | 24,590 | ||||
102,029 | Clear Channel Outdoor Holdings Inc, (2) | 98,438 | ||||
23,327 | Gogo Inc, (2) | 38,023 | ||||
12,747 | Gray Television Inc, (2) | 147,993 | ||||
17,904 | iHeartMedia Inc, (2) | 125,686 | ||||
22,555 | Iridium Communications Inc, (2) | 507,600 | ||||
15,477 | John Wiley & Sons Inc | 581,161 | ||||
5,017 | Loral Space & Communications Inc, (2) | 110,374 | ||||
3,933 | Madison Square Garden Entertainment Corp, (2) | 325,259 | ||||
3,933 | Madison Square Garden Sports C, (2) | 673,802 | ||||
19,238 | New York Times Co/The | 625,620 | ||||
12,227 | Scholastic Corp | 355,439 | ||||
1,924 | Shenandoah Telecommunications Co | 102,953 | ||||
18,802 | TEGNA Inc | 201,558 | ||||
9,586 | World Wrestling Entertainment Inc | 426,289 | ||||
171,804 | Zynga Inc, (2) | 1,295,402 | ||||
Total Communication Services | 6,647,553 | |||||
Consumer Discretionary – 12.2% | ||||||
5,103 | 1-800-Flowerscom Inc, (2) | 97,927 | ||||
14,404 | Aaron's Inc | 459,632 | ||||
34,433 | American Axle & Manufacturing Holdings Inc, (2) | 148,751 | ||||
5,776 | American Public Education Inc, (2) | 148,848 | ||||
1,929 | America's Car-Mart Inc/TX, (2) | 127,218 | ||||
1,833 | Asbury Automotive Group Inc, (2) | 123,728 | ||||
7,482 | At Home Group Inc, (2) | 17,583 | ||||
8,007 | AutoNation Inc, (2) | 298,181 | ||||
3,606 | Big Lots Inc | 84,561 | ||||
14,257 | Bright Horizons Family Solutions Inc, (2) | 1,660,228 | ||||
13,370 | Brinker International Inc, (2) | 311,254 | ||||
36,616 | Callaway Golf Co | 524,341 | ||||
14,144 | Camping World Holdings Inc | 125,457 | ||||
6,904 | Carriage Services Inc | 103,698 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
173 | Cavco Industries Inc, (2) | $26,760 | ||||
1,644 | Cooper Tire & Rubber Co | 34,836 | ||||
4,465 | Cooper-Standard Holdings Inc, (2) | 57,375 | ||||
11,229 | Core-Mark Holding Co Inc | 322,721 | ||||
8,650 | Crocs Inc, (2) | 209,763 | ||||
10,474 | Dave & Buster's Entertainment Inc, (2) | 153,339 | ||||
2,426 | Deckers Outdoor Corp, (2) | 360,892 | ||||
5,234 | Designer Brands Inc | 33,236 | ||||
4,558 | Dine Brands Global Inc | 202,330 | ||||
6,539 | Dorman Products Inc, (2) | 412,480 | ||||
19,232 | Dunkin' Brands Group Inc, (2) | 1,208,539 | ||||
9,051 | El Pollo Loco Holdings Inc, (2) | 110,694 | ||||
15,764 | Etsy Inc, (2) | 1,022,611 | ||||
3,710 | Five Below Inc, (2) | 334,494 | ||||
4,332 | Foot Locker Inc | 111,029 | ||||
14,448 | Fossil Group Inc, (2) | 57,214 | ||||
13,235 | frontdoor Inc, (2) | 512,327 | ||||
7,351 | Funko Inc, (2) | 31,462 | ||||
797 | Genesco Inc, (2) | 15,087 | ||||
59,441 | Goodyear Tire & Rubber Co/The, (2) | 426,192 | ||||
50,797 | GoPro Inc, (2) | 178,805 | ||||
1,443 | Graham Holdings Co | 562,784 | ||||
4,866 | Green Brick Partners Inc, (2) | 43,356 | ||||
3,198 | Group 1 Automotive Inc, (2) | 180,975 | ||||
8,423 | Helen of Troy Ltd, (2) | 1,383,730 | ||||
4,708 | Hooker Furniture Corp | 70,573 | ||||
5,988 | Houghton Mifflin Harcourt Co, (2) | 9,581 | ||||
10,818 | iRobot Corp, (2) | 659,465 | ||||
4,338 | Jack in the Box Inc | 261,581 | ||||
2,620 | Johnson Outdoors Inc | 179,103 | ||||
3,008 | KB Home | 78,930 | ||||
8,617 | Kontoor Brands Inc | 167,256 | ||||
4,333 | Lands' End Inc, (2) | 36,874 | ||||
6,903 | La-Z-Boy Inc | 161,875 | ||||
19,335 | Levi Strauss & Co | 249,228 | ||||
1,923 | LGI Homes Inc, (2) | 116,495 | ||||
2,575 | Lithia Motors Inc | 284,692 | ||||
34,252 | Macy's Inc, (2) | 200,717 | ||||
8,700 | Malibu Boats Inc, (2) | 299,106 | ||||
8,603 | MarineMax Inc, (2) | 123,969 | ||||
5,402 | Marriott Vacations Worldwide Corp | 448,366 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
8,084 | MasterCraft Boat Holdings Inc, (2) | $84,478 | ||||
47,327 | Mattel Inc, (2) | 412,691 | ||||
4,541 | Meritage Homes Corp, (2) | 238,675 | ||||
18,580 | Michaels Cos Inc/The, (2) | 56,483 | ||||
13,341 | Modine Manufacturing Co, (2) | 61,769 | ||||
7,273 | Monro Inc | 403,579 | ||||
2,053 | Movado Group Inc, (2) | 21,166 | ||||
5,000 | Murphy USA Inc, (2) | 534,000 | ||||
14,417 | National Vision Holdings Inc, (2) | 382,051 | ||||
174,647 | Office Depot Inc | 387,716 | ||||
14,911 | Planet Fitness Inc, (2) | 899,581 | ||||
9,327 | Pool Corp | 1,974,153 | ||||
27,600 | Quotient Technology Inc, (2) | 198,168 | ||||
3,722 | Red Robin Gourmet Burgers Inc, (2) | 54,453 | ||||
3,032 | Rent-A-Center Inc/TX | 60,352 | ||||
24,674 | Sally Beauty Holdings Inc, (2) | 239,585 | ||||
58,602 | Service Corp International/US | 2,153,037 | ||||
33,892 | ServiceMaster Global Holdings Inc, (2) | 1,154,023 | ||||
7,344 | Shake Shack Inc, (2) | 400,321 | ||||
8,120 | Signet Jewelers Ltd, (2) | 81,687 | ||||
7,515 | Sleep Number Corp, (2) | 224,699 | ||||
8,651 | Sonos Inc, (2) | 88,413 | ||||
9,386 | Stitch Fix Inc, (2) | 150,645 | ||||
11,904 | Taylor Morrison Home Corp, (2) | 173,203 | ||||
11,506 | Tenneco Inc, (2) | 59,716 | ||||
13,104 | Thor Industries Inc | 867,485 | ||||
19,926 | Tupperware Brands Corp, (2) | 64,162 | ||||
5,484 | Unifi Inc, (2) | 56,759 | ||||
2,268 | Visteon Corp, (2) | 136,760 | ||||
36,518 | Wendy's Co/The | 725,247 | ||||
531 | Winmark Corp | 79,650 | ||||
5,501 | Wolverine World Wide Inc | 112,715 | ||||
9,600 | WW International Inc, (2) | 244,896 | ||||
9,340 | YETI Holdings Inc, (2) | 257,877 | ||||
944 | Zumiez Inc, (2) | 19,956 | ||||
Total Consumer Discretionary | 28,632,400 | |||||
Consumer Staples – 3.3% | ||||||
4,291 | Beyond Meat Inc, (2) | 424,766 | ||||
33,150 | BJ's Wholesale Club Holdings Inc, (2) | 872,177 | ||||
2,619 | Casey's General Stores Inc | 396,543 | ||||
54,298 | Darling Ingredients Inc, (2) | 1,117,996 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
6,354 | Edgewell Personal Care Co, (2) | $175,434 | ||||
15,593 | Energizer Holdings Inc | 607,503 | ||||
4,752 | Farmer Bros Co, (2) | 43,908 | ||||
11,433 | Fresh Del Monte Produce Inc | 325,955 | ||||
9,721 | Freshpet Inc, (2) | 733,061 | ||||
8,713 | Grocery Outlet Holding Corp, (2) | 289,882 | ||||
4,822 | Hain Celestial Group Inc/The, (2) | 124,600 | ||||
3,474 | Medifast Inc | 263,607 | ||||
2,638 | Performance Food Group Co, (2) | 77,425 | ||||
4,349 | PriceSmart Inc | 276,335 | ||||
27,568 | Simply Good Foods Co/The, (2) | 519,657 | ||||
13,481 | SpartanNash Co | 231,199 | ||||
9,374 | Spectrum Brands Holdings Inc | 403,644 | ||||
2,238 | Sprouts Farmers Market Inc, (2) | 46,506 | ||||
21,397 | United Natural Foods Inc, (2) | 227,664 | ||||
22,532 | US Foods Holding Corp, (2) | 484,438 | ||||
Total Consumer Staples | 7,642,300 | |||||
Energy – 2.1% | ||||||
94,934 | Antero Midstream Corp | 450,937 | ||||
22,780 | Apergy Corp, (2) | 209,804 | ||||
53,593 | Archrock Inc | 257,782 | ||||
19,402 | Cactus Inc | 344,968 | ||||
58,821 | Clean Energy Fuels Corp, (2) | 126,759 | ||||
10,887 | Core Laboratories NV | 213,494 | ||||
31,038 | Delek US Holdings Inc | 724,737 | ||||
5,984 | DMC Global Inc, (2) | 154,447 | ||||
9,438 | Dril-Quip Inc, (2) | 312,681 | ||||
90,849 | Equitrans Midstream Corp | 761,315 | ||||
12,188 | Exterran Corp, (2) | 82,878 | ||||
31,564 | Frank's International NV, (2) | 76,701 | ||||
14,908 | Green Plains Inc, (2) | 87,510 | ||||
43,217 | Helix Energy Solutions Group Inc, (2) | 109,771 | ||||
23,065 | Liberty Oilfield Services Inc, (2) | 108,867 | ||||
10,944 | Matrix Service Co, (2) | 114,255 | ||||
31,909 | Newpark Resources Inc, (2) | 48,821 | ||||
10,106 | Oceaneering International Inc, (2) | 51,945 | ||||
15,094 | Oil States International Inc, (2) | 51,923 | ||||
16,242 | Renewable Energy Group Inc, (2) | 402,964 | ||||
24,284 | Select Energy Services Inc, (2) | 116,563 | ||||
12,807 | Solaris Oilfield Infrastructure Inc | 87,600 | ||||
6,643 | Tidewater Inc, (2) | 38,264 |
Shares | Description (1) | Value | ||||
Energy (continued) | ||||||
27,499 | US Silica Holdings Inc | $ 52,798 | ||||
Total Energy | 4,987,784 | |||||
Financials – 14.0% | ||||||
3,327 | Affiliated Managers Group Inc | 232,757 | ||||
4,475 | Allegiance Bancshares Inc | 112,233 | ||||
5,852 | Amalgamated Bank | 62,616 | ||||
15,619 | Ameris Bancorp | 397,191 | ||||
15,425 | Artisan Partners Asset Management, Inc | 454,112 | ||||
2,385 | Associated Banc-Corp | 33,724 | ||||
8,495 | Atlantic Capital Bancshares Inc, (2) | 106,612 | ||||
17,895 | Bancorp Inc/The, (2) | 124,728 | ||||
1,084 | Bank of Hawaii Corp | 73,907 | ||||
28,496 | Bank OZK | 644,580 | ||||
31,245 | BankUnited Inc | 618,963 | ||||
4,547 | Banner Corp | 174,741 | ||||
9,433 | BOK Financial Corp | 488,535 | ||||
25,937 | Brightsphere Investment Group Inc | 192,193 | ||||
3,032 | Brookline Bancorp Inc | 30,957 | ||||
7,303 | Byline Bancorp Inc | 89,973 | ||||
39,030 | Cadence BanCorp | 258,379 | ||||
7,719 | Cathay General Bancorp | 215,514 | ||||
3,356 | CBTX Inc | 60,609 | ||||
7,593 | Cohen & Steers Inc | 438,420 | ||||
2,072 | Columbia Banking System Inc | 55,923 | ||||
4,740 | Columbia Financial Inc, (2) | 67,095 | ||||
2,394 | Commerce Bancshares Inc/MO | 146,489 | ||||
11,284 | Cowen Inc | 123,560 | ||||
6,947 | Crawford & Co | 49,463 | ||||
4,200 | Cullen/Frost Bankers Inc | 301,812 | ||||
3,943 | Customers Bancorp Inc, (2) | 50,313 | ||||
8,134 | CVB Financial Corp | 169,065 | ||||
1,317 | Diamond Hill Investment Group Inc, (2) | 144,291 | ||||
12,784 | Donnelley Financial Solutions Inc, (2) | 93,068 | ||||
4,520 | eHealth Inc, (2) | 482,284 | ||||
16,916 | Ellington Financial Inc | 175,757 | ||||
5,883 | Equity Bancshares Inc, (2) | 110,247 | ||||
1,021 | Federal Agricultural Mortgage Corp | 68,029 | ||||
11,099 | Federated Hermes Inc | 252,724 | ||||
43,018 | First American Financial Corp | 1,983,990 | ||||
8,846 | First Financial Bancorp | 136,051 | ||||
1,519 | First Financial Bankshares Inc | 42,304 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
4,475 | First Hawaiian Inc | $78,715 | ||||
44,931 | First Horizon National Corp | 407,973 | ||||
3,949 | First Interstate BancSystem Inc | 133,476 | ||||
1,058 | First Merchants Corp | 29,952 | ||||
14,825 | FirstCash Inc | 1,065,028 | ||||
14,504 | Flagstar Bancorp Inc | 375,799 | ||||
8,891 | Flushing Financial Corp | 111,049 | ||||
22,759 | Fulton Financial Corp | 266,053 | ||||
210,323 | Genworth Financial Inc, (2) | 763,472 | ||||
5,449 | Glacier Bancorp Inc | 207,498 | ||||
3,885 | Goosehead Insurance Inc, (2) | 218,104 | ||||
22,619 | Granite Point Mortgage Trust Inc | 112,643 | ||||
4,676 | Great Western Bancorp Inc | 87,909 | ||||
17,107 | Green Dot Corp, (2) | 521,763 | ||||
11,712 | Hancock Whitney Corp | 244,898 | ||||
2,806 | Hanmi Financial Corp | 33,868 | ||||
16,385 | Hanover Insurance Group Inc/The | 1,644,726 | ||||
5,939 | Heartland Financial USA Inc | 201,748 | ||||
5,513 | Heritage Financial Corp/WA | 110,536 | ||||
2,237 | HomeTrust Bancshares Inc | 34,383 | ||||
6,943 | Hope Bancorp Inc | 69,083 | ||||
17,106 | Horace Mann Educators Corp | 601,447 | ||||
4,269 | Independent Bank Corp | 311,167 | ||||
1,533 | International Bancshares Corp | 44,442 | ||||
3,171 | INTL FCStone Inc, (2) | 126,713 | ||||
96,579 | Investors Bancorp Inc | 899,150 | ||||
15,384 | Janus Henderson Group PLC | 275,374 | ||||
10,519 | KKR Real Estate Finance Trust Inc | 165,990 | ||||
16,166 | Legg Mason Inc | 805,552 | ||||
4,634 | LendingClub Corp, (2) | 35,543 | ||||
10,111 | Live Oak Bancshares Inc | 141,048 | ||||
2,669 | LPL Financial Holdings Inc | 160,727 | ||||
3,880 | Luther Burbank Corp | 41,749 | ||||
3,253 | Merchants Bancorp/IN | 50,096 | ||||
2,312 | Meta Financial Group Inc | 42,587 | ||||
76,265 | MGIC Investment Corp | 557,497 | ||||
5,128 | Morningstar Inc | 799,763 | ||||
29,882 | Mr Cooper Group Inc, (2) | 286,270 | ||||
5,993 | National Bank Holdings Corp | 159,294 | ||||
70,786 | New York Community Bancorp Inc | 768,736 | ||||
2,572 | OceanFirst Financial Corp | 43,338 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
11,036 | Old National Bancorp/IN | $156,380 | ||||
22,406 | On Deck Capital Inc, (2) | 27,111 | ||||
5,467 | Origin Bancorp Inc | 121,859 | ||||
20,606 | PennyMac Financial Services Inc | 621,683 | ||||
3,819 | People's Utah Bancorp | 82,032 | ||||
16,207 | Pinnacle Financial Partners Inc | 652,332 | ||||
18,425 | PRA Group Inc, (2) | 511,110 | ||||
4,610 | Primerica Inc | 479,025 | ||||
6,805 | Pzena Investment Management Inc | 33,481 | ||||
949 | QCR Holdings Inc | 29,210 | ||||
2,065 | Sandy Spring Bancorp Inc | 52,658 | ||||
7,362 | Seacoast Banking Corp of Florida, (2) | 165,424 | ||||
16,886 | ServisFirst Bancshares Inc | 599,791 | ||||
14,720 | Simmons First National Corp | 275,264 | ||||
7,855 | South State Corp | 454,333 | ||||
110,392 | Starwood Property Trust Inc | 1,428,472 | ||||
35,150 | Sterling Bancorp/DE | 433,400 | ||||
26,930 | TCF Financial Corp | 799,552 | ||||
9,497 | Texas Capital Bancshares Inc, (2) | 263,827 | ||||
9,992 | Triumph Bancorp Inc, (2) | 276,878 | ||||
5,659 | UMB Financial Corp | 287,704 | ||||
36,967 | Umpqua Holdings Corp | 463,012 | ||||
3,596 | United Bankshares Inc/WV | 107,736 | ||||
7,510 | Valley National Bancorp | 62,784 | ||||
6,038 | Victory Capital Holdings Inc | 91,113 | ||||
1,484 | Virtus Investment Partners Inc | 120,605 | ||||
1,262 | Washington Federal Inc | 33,746 | ||||
4,017 | Webster Financial Corp | 113,480 | ||||
11,309 | WesBanco Inc | 279,106 | ||||
12,808 | Western Alliance Bancorp | 459,551 | ||||
2,646 | Westwood Holdings Group Inc, (2) | 60,937 | ||||
17,431 | Wintrust Financial Corp | 730,359 | ||||
9,788 | WisdomTree Investments, Inc | 31,713 | ||||
2,671 | WSFS Financial Corp | 77,940 | ||||
Total Financials | 32,681,976 | |||||
Health Care – 16.2% | ||||||
10,001 | Acadia Healthcare Co Inc, (2) | 240,124 | ||||
18,992 | ACADIA Pharmaceuticals Inc, (2) | 917,503 | ||||
2,995 | Accelerate Diagnostics Inc, (2) | 32,675 | ||||
18,959 | Achillion Pharmaceuticals Inc, (3) | 8,721 | ||||
8,615 | Aerie Pharmaceuticals Inc, (2) | 131,293 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
8,326 | Agios Pharmaceuticals Inc, (2) | $342,532 | ||||
7,966 | Akcea Therapeutics Inc, (2) | 135,900 | ||||
13,184 | Alder Biopharmaceuticals Inc, (2), (3) | 11,602 | ||||
53,985 | Allscripts Healthcare Solutions Inc, (2) | 350,902 | ||||
1,545 | Amedisys Inc, (2) | 284,527 | ||||
4,259 | AMN Healthcare Services Inc, (2) | 200,088 | ||||
9,914 | AnaptysBio Inc, (2) | 154,857 | ||||
7,640 | AngioDynamics Inc, (2) | 79,685 | ||||
59,594 | Antares Pharma Inc, (2) | 193,085 | ||||
6,899 | Arvinas Inc, (2) | 362,197 | ||||
9,566 | Assembly Biosciences Inc, (2) | 167,501 | ||||
17,926 | Atara Biotherapeutics Inc, (2) | 148,607 | ||||
13,953 | AtriCure Inc, (2) | 601,653 | ||||
605 | Atrion Corp | 382,257 | ||||
9,001 | Avrobio Inc, (2) | 115,843 | ||||
1,328 | Axonics Modulation Technologies Inc, (2) | 42,775 | ||||
2,798 | Axsome Therapeutics Inc, (2) | 265,894 | ||||
62,597 | BioCryst Pharmaceuticals Inc, (2) | 244,754 | ||||
9,152 | BioTelemetry Inc, (2) | 427,490 | ||||
8,618 | Bluebird Bio Inc, (2) | 464,338 | ||||
10,316 | Brookdale Senior Living Inc, (2) | 37,241 | ||||
15,987 | Bruker Corp | 628,609 | ||||
7,682 | Cantel Medical Corp | 284,234 | ||||
9,793 | Cardiovascular Systems Inc, (2) | 411,306 | ||||
9,523 | Catalent Inc, (2) | 658,515 | ||||
9,734 | Cerus Corp, (2) | 59,864 | ||||
2,969 | Chemed Corp | 1,236,796 | ||||
18,615 | Coherus Biosciences Inc, (2) | 309,009 | ||||
6,940 | Collegium Pharmaceutical Inc, (2) | 143,519 | ||||
5,235 | Computer Programs and Systems Inc | 125,797 | ||||
2,429 | CorVel Corp, (2) | 127,984 | ||||
31,574 | Covetrus Inc, (2) | 375,415 | ||||
21,631 | Cymabay Therapeutics Inc, (2) | 38,287 | ||||
24,380 | Denali Therapeutics Inc, (2) | 532,947 | ||||
16,385 | Dicerna Pharmaceuticals Inc, (2) | 322,784 | ||||
4,478 | Eagle Pharmaceuticals Inc/DE, (2) | 228,288 | ||||
10,373 | Encompass Health Corp | 687,211 | ||||
5,283 | Ensign Group Inc/The | 197,637 | ||||
20,274 | Envista Holdings Corp, (2) | 394,735 | ||||
5,110 | Evolus Inc, (2) | 21,258 | ||||
17,148 | FibroGen Inc, (2) | 632,590 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
11,784 | Flexion Therapeutics Inc, (2) | $125,382 | ||||
11,089 | G1 Therapeutics Inc, (2) | 145,599 | ||||
9,999 | GenMark Diagnostics Inc, (2) | 125,087 | ||||
5,593 | Glaukos Corp, (2) | 205,207 | ||||
11,057 | Global Blood Therapeutics Inc, (2) | 846,082 | ||||
6,031 | Globus Medical Inc, (2) | 286,231 | ||||
5,611 | Guardant Health Inc, (2) | 431,823 | ||||
8,519 | Haemonetics Corp, (2) | 969,292 | ||||
43,842 | Halozyme Therapeutics Inc, (2) | 993,240 | ||||
13,760 | Hanger Inc, (2) | 252,634 | ||||
597 | Heska Corp, (2) | 42,268 | ||||
5,211 | Hill-Rom Holdings Inc | 586,185 | ||||
10,589 | HMS Holdings Corp, (2) | 303,640 | ||||
10,771 | Horizon Therapeutics Plc, (2) | 388,187 | ||||
32,911 | Immunomedics Inc, (2) | 999,836 | ||||
21,847 | Insmed Inc, (2) | 502,481 | ||||
12,399 | Intersect ENT Inc, (2) | 142,341 | ||||
1,156 | LeMaitre Vascular Inc | 32,934 | ||||
7,286 | Ligand Pharmaceuticals Inc, (2) | 718,181 | ||||
2,815 | Magellan Health Inc, (2) | 170,955 | ||||
3,315 | MEDNAX Inc, (2) | 48,134 | ||||
5,138 | Meridian Bioscience Inc, (2) | 61,656 | ||||
12,643 | Merit Medical Systems Inc, (2) | 516,087 | ||||
5,596 | Mirati Therapeutics Inc, (2) | 475,884 | ||||
3,524 | MyoKardia Inc, (2) | 221,378 | ||||
5,212 | National Research Corp | 268,887 | ||||
26,379 | NeoGenomics Inc, (2) | 721,202 | ||||
5,482 | NextGen Healthcare Inc, (2) | 57,835 | ||||
4,918 | Odonate Therapeutics Inc, (2) | 138,442 | ||||
140,056 | OPKO Health Inc, (2) | 310,924 | ||||
6,643 | Optinose Inc, (2) | 26,838 | ||||
8,273 | Option Care Health Inc, (2) | 118,304 | ||||
24,472 | OraSure Technologies Inc, (2) | 390,084 | ||||
5,684 | Orthofix Medical Inc, (2) | 201,498 | ||||
2,649 | OrthoPediatrics Corp, (2) | 129,404 | ||||
13,110 | Owens & Minor Inc | 92,819 | ||||
6,333 | Patterson Cos Inc | 115,767 | ||||
3,230 | Pennant Group Inc/The, (2) | 63,922 | ||||
3,537 | Penumbra Inc, (2) | 627,181 | ||||
7,856 | PetIQ Inc, (2) | 224,682 | ||||
4,932 | Phibro Animal Health Corp | 131,734 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
2,630 | Premier Inc, (2) | $87,211 | ||||
34,064 | Progenics Pharmaceuticals Inc, (2) | 134,212 | ||||
14,808 | Prothena Corp PLC, (2) | 166,146 | ||||
13,213 | Quidel Corp, (2) | 1,836,607 | ||||
12,808 | Quotient Ltd, (2) | 118,538 | ||||
29,863 | R1 RCM Inc, (2) | 308,186 | ||||
3,019 | RadNet Inc, (2) | 42,628 | ||||
2,629 | Reata Pharmaceuticals Inc, (2) | 415,803 | ||||
13,211 | Repligen Corp, (2) | 1,534,458 | ||||
5,698 | Revance Therapeutics Inc, (2) | 105,470 | ||||
11,696 | Sage Therapeutics Inc, (2) | 455,910 | ||||
21,273 | SIGA Technologies, Inc, (2) | 125,723 | ||||
6,334 | STAAR Surgical Co, (2) | 242,719 | ||||
8,426 | Supernus Pharmaceuticals Inc, (2) | 197,168 | ||||
2,248 | Surgery Partners Inc, (2) | 26,526 | ||||
3,731 | Surmodics Inc, (2) | 142,151 | ||||
3,935 | Tactile Systems Technology Inc, (2) | 203,125 | ||||
5,672 | Tandem Diabetes Care Inc, (2) | 452,512 | ||||
7,092 | Teladoc Health Inc, (2) | 1,167,272 | ||||
3,519 | Theravance Biopharma Inc, (2) | 102,614 | ||||
6,341 | Tilray Inc, (2) | 51,045 | ||||
16,108 | Tivity Health Inc, (2) | 144,489 | ||||
8,431 | Triple-S Management Corp, (2) | 142,737 | ||||
5,022 | Turning Point Therapeutics Inc, (2) | 258,683 | ||||
9,730 | Ultragenyx Pharmaceutical Inc, (2) | 587,984 | ||||
6,882 | uniQure NV, (2) | 437,970 | ||||
2,777 | US Physical Therapy Inc | 209,663 | ||||
15,434 | Varex Imaging Corp, (2) | 403,290 | ||||
12,147 | Vocera Communications Inc, (2) | 230,307 | ||||
8,255 | Y-mAbs Therapeutics Inc, (2) | 277,203 | ||||
53,984 | ZIOPHARM Oncology Inc, (2) | 151,155 | ||||
1,888 | Zogenix Inc, (2) | 53,298 | ||||
Total Health Care | 37,783,879 | |||||
Industrials – 14.2% | ||||||
2,050 | AAON Inc | 97,662 | ||||
6,341 | AAR Corp | 124,157 | ||||
6,578 | ABM Industries Inc | 226,875 | ||||
35,724 | ACCO Brands Corp | 264,358 | ||||
61,330 | ADT Inc | 351,421 | ||||
5,610 | Advanced Drainage Systems Inc | 227,429 | ||||
2,976 | Aegion Corp, (2) | 47,765 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
3,002 | AeroVironment Inc, (2) | $180,901 | ||||
2,861 | Alamo Group Inc | 281,637 | ||||
28,835 | Allison Transmission Holdings Inc | 1,047,864 | ||||
4,288 | Arcosa Inc | 159,814 | ||||
7,137 | Armstrong World Industries Inc | 550,120 | ||||
1,350 | Astec Industries Inc | 54,148 | ||||
6,249 | Astronics Corp, (2) | 56,116 | ||||
9,521 | Axon Enterprise Inc, (2) | 692,272 | ||||
2,282 | Barnes Group Inc | 87,583 | ||||
21,472 | Bloom Energy Corp, (2) | 164,690 | ||||
9,526 | Brady Corp | 414,762 | ||||
25,545 | Builders FirstSource Inc, (2) | 468,751 | ||||
9,507 | Carlisle Cos Inc | 1,149,967 | ||||
3,146 | Cimpress PLC, (2) | 228,997 | ||||
1,469 | Columbus McKinnon Corp/NY | 39,781 | ||||
7,944 | Comfort Systems USA Inc | 264,535 | ||||
7,513 | Cubic Corp | 287,072 | ||||
637 | Curtiss-Wright Corp | 66,025 | ||||
1,164 | Deluxe Corp | 32,790 | ||||
13,881 | Donaldson Co Inc | 608,404 | ||||
8,515 | Douglas Dynamics Inc | 314,714 | ||||
1,751 | Ducommun Inc, (2) | 49,448 | ||||
9,352 | EMCOR Group Inc | 594,133 | ||||
11,841 | Enerpac Tool Group Corp | 202,007 | ||||
7,172 | ESCO Technologies Inc | 547,224 | ||||
7,103 | Federal Signal Corp | 191,284 | ||||
4,268 | Franklin Electric Co Inc | 216,814 | ||||
3,380 | FTI Consulting Inc, (2) | 430,477 | ||||
13,787 | GATX Corp | 817,569 | ||||
16,858 | Generac Holdings Inc, (2) | 1,642,644 | ||||
17,521 | GMS, Inc, (2) | 322,036 | ||||
3,242 | Granite Construction Inc | 53,298 | ||||
10,841 | Great Lakes Dredge & Dock Corp, (2) | 95,834 | ||||
15,936 | Healthcare Services Group Inc | 406,209 | ||||
5,054 | Herman Miller Inc, (2) | 113,917 | ||||
13,897 | Hexcel Corp, (2) | 480,697 | ||||
3,727 | Hub Group Inc, (2) | 179,306 | ||||
12,582 | IAA Inc, (2) | 485,665 | ||||
1,715 | IES Holdings, Inc, (2) | 33,871 | ||||
10,033 | KAR Auction Services Inc | 150,294 | ||||
7,146 | Korn Ferry | 206,019 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
8,646 | Kratos Defense & Security Solutions Inc, (2) | $129,863 | ||||
2,280 | Landstar System Inc | 235,547 | ||||
7,213 | Lincoln Electric Holdings Inc | 580,719 | ||||
1,525 | Lindsay Corp | 137,250 | ||||
30,606 | Macquarie Infrastructure Corp, (2) | 844,420 | ||||
5,292 | Manitowoc Co Inc/The, (2) | 48,792 | ||||
12,962 | Matthews International Corp | 310,310 | ||||
3,821 | Maxar Technologies Inc | 48,183 | ||||
5,432 | McGrath RentCorp | 296,316 | ||||
7,110 | Mercury Systems Inc, (2) | 633,928 | ||||
8,309 | Meritor Inc, (2) | 170,334 | ||||
16,521 | Mobile Mini Inc | 472,005 | ||||
1,628 | Moog Inc, (2) | 80,553 | ||||
8,219 | MSA Safety Inc | 924,884 | ||||
1,918 | MYR Group Inc, (2) | 57,540 | ||||
18,200 | Navistar International Corp, (2) | 432,614 | ||||
6,466 | Oshkosh Corp | 436,649 | ||||
71,390 | Pitney Bowes Inc | 252,007 | ||||
41,193 | Plug Power Inc, (2) | 172,393 | ||||
12,198 | Quad/Graphics Inc, (2) | 45,377 | ||||
20,551 | Quanta Services Inc | 747,234 | ||||
12,594 | Raven Industries Inc | 280,468 | ||||
42,258 | Resideo Technologies Inc, (2) | 216,784 | ||||
28,804 | RR Donnelley & Sons Co, (2) | 49,255 | ||||
12,980 | Ryder System Inc | 459,492 | ||||
8,673 | Schneider National Inc | 190,025 | ||||
13,494 | SiteOne Landscape Supply Inc, (2) | 1,195,973 | ||||
14,856 | Steelcase Inc | 162,673 | ||||
31,922 | Sunrun Inc, (2) | 447,866 | ||||
10,723 | Team Inc, (2) | 66,161 | ||||
5,220 | Tennant Co | 308,867 | ||||
6,007 | Tetra Tech Inc | 452,207 | ||||
24,014 | Toro Co/The | 1,532,333 | ||||
8,654 | Trex Co Inc, (2) | 824,034 | ||||
8,250 | TriNet Group Inc, (2) | 404,002 | ||||
9,207 | TrueBlue Inc, (2) | 142,985 | ||||
1,561 | UniFirst Corp/MA | 262,482 | ||||
8,712 | Valmont Industries Inc | 1,021,395 | ||||
22,010 | Wabash National Corp | 180,482 | ||||
10,875 | Watts Water Technologies Inc | 896,100 | ||||
15,747 | WESCO International Inc, (2) | 407,375 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
15,250 | Woodward Inc | $ 923,540 | ||||
Total Industrials | 33,190,773 | |||||
Information Technology – 18.4% | ||||||
27,817 | ACI Worldwide Inc, (2) | 762,186 | ||||
9,956 | ADTRAN Inc | 102,348 | ||||
7,419 | Anaplan Inc, (2) | 303,140 | ||||
12,925 | Anixter International Inc, (2) | 1,200,216 | ||||
30,330 | Arlo Technologies Inc, (2) | 83,104 | ||||
3,706 | Aspen Technology Inc, (2) | 378,939 | ||||
45,131 | Avaya Holdings Corp, (2) | 448,602 | ||||
11,625 | Avnet Inc | 348,983 | ||||
11,594 | Badger Meter Inc | 684,394 | ||||
8,982 | Benefitfocus Inc, (2) | 97,275 | ||||
7,200 | Blackbaud Inc, (2) | 397,872 | ||||
7,276 | Blackline Inc, (2) | 441,944 | ||||
11,663 | Bottomline Technologies DE Inc, (2) | 485,531 | ||||
12,643 | CalAmp Corp, (2) | 84,961 | ||||
10,585 | ChannelAdvisor Corp, (2) | 109,343 | ||||
5,845 | Ciena Corp, (2) | 270,331 | ||||
16,714 | Cirrus Logic Inc, (2) | 1,263,578 | ||||
33,870 | CommScope Holding Co Inc, (2) | 372,909 | ||||
75,197 | Conduent Inc, (2) | 189,496 | ||||
7,607 | Coupa Software Inc, (2) | 1,339,517 | ||||
20,282 | Cree Inc, (2) | 874,763 | ||||
3,967 | CTS Corp | 91,876 | ||||
16,324 | Daktronics Inc, (2) | 73,785 | ||||
13,558 | Dolby Laboratories Inc | 813,887 | ||||
3,711 | Elastic NV, (2) | 238,024 | ||||
51,149 | Entegris Inc | 2,773,810 | ||||
18,772 | Envestnet Inc, (2) | 1,173,625 | ||||
5,018 | ePlus Inc, (2) | 355,024 | ||||
13,928 | ExlService Holdings Inc, (2) | 859,775 | ||||
3,333 | Fair Isaac Corp, (2) | 1,176,349 | ||||
22,923 | First Solar Inc, (2) | 1,008,841 | ||||
23,329 | Fitbit, Inc, (2) | 156,071 | ||||
11,055 | Five9 Inc, (2) | 1,024,467 | ||||
3,488 | HubSpot Inc, (2) | 588,181 | ||||
18,369 | Infinera Corp, (2) | 113,245 | ||||
11,093 | Insight Enterprises Inc, (2) | 602,239 | ||||
12,897 | InterDigital Inc | 745,060 | ||||
9,371 | Itron Inc, (2) | 654,283 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
9,199 | KEMET Corp | $248,465 | ||||
7,943 | Kimball Electronics Inc, (2) | 107,389 | ||||
26,404 | Kulicke & Soffa Industries Inc | 632,904 | ||||
8,028 | Limelight Networks Inc, (2) | 40,702 | ||||
14,895 | LivePerson Inc, (2) | 356,586 | ||||
19,966 | LogMeIn Inc, (2) | 1,706,294 | ||||
7,563 | Lumentum Holdings Inc, (2) | 611,922 | ||||
8,914 | Manhattan Associates Inc, (2) | 632,359 | ||||
7,302 | Methode Electronics Inc | 219,206 | ||||
12,170 | Mimecast Ltd, (2) | 497,753 | ||||
7,569 | MobileIron Inc, (2) | 38,526 | ||||
7,104 | Model N Inc, (2) | 205,021 | ||||
7,871 | MTS Systems Corp, (2) | 167,416 | ||||
10,967 | National Instruments Corp | 421,352 | ||||
34,141 | NCR Corp, (2) | 700,573 | ||||
4,436 | NETGEAR Inc, (2) | 106,375 | ||||
11,271 | New Relic Inc, (2) | 605,140 | ||||
2,644 | Novanta Inc, (2) | 229,737 | ||||
36,530 | Nuance Communications Inc, (2) | 737,906 | ||||
25,621 | Nutanix Inc, (2) | 524,974 | ||||
21,071 | Onto Innovation Inc, (2) | 683,965 | ||||
5,790 | OSI Systems Inc, (2) | 419,080 | ||||
1,134 | Paylocity Holding Corp, (2) | 129,877 | ||||
13,903 | Plantronics Inc, (2) | 196,310 | ||||
14,328 | Progress Software Corp | 586,159 | ||||
6,510 | PROS Holdings Inc, (2) | 223,879 | ||||
787 | Qualys Inc, (2) | 82,981 | ||||
42,947 | Rambus Inc, (2) | 538,126 | ||||
23,717 | Ribbon Communications Inc, (2) | 86,448 | ||||
1,469 | Rogers Corp, (2) | 163,118 | ||||
8,800 | Smartsheet Inc, (2) | 463,936 | ||||
14,464 | SPS Commerce Inc, (2) | 802,897 | ||||
7,663 | SVMK Inc, (2) | 120,309 | ||||
16,352 | Sykes Enterprises Inc, (2) | 468,158 | ||||
5,965 | SYNNEX Corp, (2) | 522,295 | ||||
5,118 | Tech Data Corp, (2) | 719,796 | ||||
33,615 | Teradata Corp, (2) | 826,593 | ||||
6,739 | TTEC Holdings Inc | 262,686 | ||||
7,074 | Universal Display Corp | 1,061,949 | ||||
6,533 | Virtusa Corp, (2) | 215,589 | ||||
1,691 | Vishay Precision Group Inc, (2) | 39,096 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
9,849 | WEX Inc, (2) | $1,303,220 | ||||
2,274 | Workiva Inc, (2) | 87,208 | ||||
21,400 | Yext Inc, (2) | 273,920 | ||||
7,868 | Zendesk Inc, (2) | 604,892 | ||||
5,959 | Zscaler Inc, (2) | 399,730 | ||||
13,760 | Zuora Inc, (2) | 145,443 | ||||
Total Information Technology | 42,906,234 | |||||
Materials – 4.4% | ||||||
10,281 | AptarGroup Inc | 1,100,889 | ||||
5,270 | Balchem Corp | 470,295 | ||||
5,669 | Boise Cascade Co | 177,270 | ||||
25,073 | Cleveland-Cliffs, Inc, (2) | 109,820 | ||||
39,864 | Coeur Mining Inc, (2) | 167,827 | ||||
9,358 | Compass Minerals International Inc | 460,039 | ||||
8,509 | Domtar Corp | 198,770 | ||||
27,825 | Graphic Packaging Holding Co | 371,464 | ||||
6,603 | Greif Inc | 223,776 | ||||
1,701 | Greif Inc | 67,615 | ||||
21,127 | HB Fuller Co | 777,262 | ||||
10,176 | Innospec Inc | 737,964 | ||||
8,447 | Koppers Holdings Inc, (2) | 133,125 | ||||
13,113 | Louisiana-Pacific Corp | 262,260 | ||||
7,403 | Materion Corp | 383,031 | ||||
5,390 | Minerals Technologies Inc | 237,376 | ||||
35,518 | PolyOne Corp | 827,214 | ||||
12,173 | Reliance Steel & Aluminum Co | 1,090,457 | ||||
4,628 | Royal Gold Inc | 567,069 | ||||
4,634 | Ryerson Holding Corp, (2) | 21,409 | ||||
14,477 | Sonoco Products Co | 707,057 | ||||
8,433 | Stepan Co | 804,508 | ||||
16,305 | Trinseo SA | 333,437 | ||||
1,486 | US Concrete Inc, (2) | 28,501 | ||||
Total Materials | 10,258,435 | |||||
Real Estate – 9.5% | ||||||
610 | Agree Realty Corp | 39,717 | ||||
28,312 | Alexander & Baldwin Inc | 372,020 | ||||
1,139 | American Campus Communities Inc | 40,195 | ||||
31,610 | Americold Realty Trust | 966,950 | ||||
6,157 | Armada Hoffler Properties Inc | 59,169 | ||||
3,591 | Brandywine Realty Trust | 40,076 | ||||
38,253 | Brixmor Property Group Inc | 437,997 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
4,452 | CatchMark Timber Trust Inc | $34,993 | ||||
7,567 | Chatham Lodging Trust | 56,828 | ||||
12,022 | City Office REIT Inc | 121,422 | ||||
84,992 | Colony Capital Inc | 196,332 | ||||
19,122 | Columbia Property Trust Inc | 273,253 | ||||
8,136 | CoreSite Realty Corp | 986,002 | ||||
31,718 | Corporate Office Properties Trust | 837,990 | ||||
41,761 | Cousins Properties Inc | 1,259,929 | ||||
2,183 | CubeSmart | 55,012 | ||||
14,243 | Cushman & Wakefield PLC, (2) | 173,337 | ||||
19,097 | CyrusOne Inc | 1,339,655 | ||||
79,167 | DiamondRock Hospitality Co | 493,210 | ||||
19,814 | Douglas Emmett Inc | 604,129 | ||||
26,332 | Easterly Government Properties Inc | 708,594 | ||||
16,770 | Empire State Realty Trust Inc | 140,197 | ||||
17,361 | Essential Properties Realty Trust Inc | 255,033 | ||||
6,918 | First Industrial Realty Trust Inc | 261,293 | ||||
3,503 | Five Point Holdings LLC, (2) | 19,757 | ||||
10,909 | Four Corners Property Trust Inc | 244,252 | ||||
5,623 | Franklin Street Properties Corp | 30,589 | ||||
27,467 | Hannon Armstrong Sustainable Infrastructure Capital Inc | 768,801 | ||||
5,804 | Howard Hughes Corp/The, (2) | 314,345 | ||||
22,803 | Hudson Pacific Properties Inc | 560,498 | ||||
25,805 | iStar Inc | 258,566 | ||||
1,685 | JBG SMITH Properties | 57,206 | ||||
16,178 | Kilroy Realty Corp | 1,007,242 | ||||
42,676 | Macerich Co/The | 318,790 | ||||
805 | Marcus & Millichap Inc, (2) | 23,385 | ||||
31,891 | MGM Growth Properties LLC | 802,696 | ||||
49,608 | Outfront Media Inc | 778,349 | ||||
59,928 | Park Hotels & Resorts Inc | 569,915 | ||||
27,796 | PotlatchDeltic Corp | 975,918 | ||||
13,656 | QTS Realty Trust Inc | 853,910 | ||||
36,400 | Rayonier Inc | 874,692 | ||||
11,893 | Realogy Holdings Corp, (2) | 51,616 | ||||
4,502 | Redfin Corp, (2) | 95,127 | ||||
18,773 | Rexford Industrial Realty Inc | 764,437 | ||||
69,341 | RLJ Lodging Trust | 644,178 | ||||
31,203 | Sabra Health Care REIT Inc | 400,022 | ||||
29,681 | Service Properties Trust | 205,689 | ||||
2,637 | SITE Centers Corp | 15,980 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
93,286 | Sunstone Hotel Investors Inc | $857,298 | ||||
1,893 | Tejon Ranch Co, (2) | 25,934 | ||||
80,056 | Uniti Group Inc | 565,195 | ||||
63,518 | Washington Prime Group Inc | 54,613 | ||||
6,043 | Washington Real Estate Investment Trust | 140,923 | ||||
26,164 | Xenia Hotels & Resorts Inc | 253,791 | ||||
Total Real Estate | 22,287,047 | |||||
Utilities – 2.8% | ||||||
11,347 | New Jersey Resources Corp | 383,301 | ||||
23,729 | NextEra Energy Partners LP | 1,193,331 | ||||
22,001 | ONE Gas Inc | 1,753,700 | ||||
15,909 | Ormat Technologies Inc | 992,881 | ||||
21,766 | Southwest Gas Holdings Inc | 1,649,863 | ||||
28,434 | TerraForm Power Inc | 492,477 | ||||
Total Utilities | 6,465,553 | |||||
Total Common Stocks (cost $256,997,296) | 233,483,934 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
1,243 | First Eagle Private Credit LLC, (2), (3) | $ 299 | ||||
Total Common Stock Rights (cost $-) | 299 | |||||
Total Long-Term Investments (cost $256,997,296) | 233,484,233 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 280 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 5/01/20 | N/R | $ 280,000 | |
Total Short-Term Investments (cost $280,000) | 280,000 | |||||
Total Investments (cost $257,277,296) – 100.0% | 233,764,233 | |||||
Other Assets Less Liabilities – (0.0)% | (3,727) | |||||
Net Assets – 100% | $ 233,760,506 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(4) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
REIT | Real Estate Investment Trust |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Assets | ||||||||
Long-term investments, at value (cost $36,564,268, $50,203,495, $13,661,835, $187,481,851, $194,113,489, $96,900,702, $89,114,527 and $256,997,296, respectively) | $36,321,290 | $44,381,737 | $13,418,157 | $193,904,165 | $177,980,673 | $102,932,313 | $79,096,494 | $233,484,233 |
Short-term investments, at value (cost approximates value) | — | — | — | 310,000 | 365,000 | 120,000 | 140,000 | 280,000 |
Cash | — | — | 21,686 | 4,624 | 1,344,296 | 1,235 | 7,399 | 1,248,042 |
Cash denominated in foreign currencies (cost $413,434, $119,314, $—, $—, $—, $—, $—and $—, respectively) | 413,387 | 119,603 | — | — | — | — | — | — |
Receivable for: | ||||||||
Capital Gains Tax Refund | 23,337 | — | — | — | — | — | — | — |
Dividends | 49,407 | 190,226 | 15,300 | 83,355 | 414,826 | 7,465 | 78,146 | 57,408 |
Reclaims | 436 | 83,857 | 388 | 4,343 | 122 | 10 | — | 20 |
Shares sold | — | 2,620 | — | 2,023,560 | — | 1,718,840 | — | — |
Other Assets | 2,121 | 2,051 | 2,434 | 1,612 | 1,514 | 1,878 | 1,934 | 1,157 |
Total assets | 36,809,978 | 44,780,094 | 13,457,965 | 196,331,659 | 180,106,431 | 104,781,741 | 79,323,973 | 235,070,860 |
Liabilities | ||||||||
Payable for investments purchased - regular settlement | 31,850 | 56,179 | 16,121 | 2,019,600 | 1,648,337 | 1,717,853 | — | 1,241,845 |
Accrued expenses: | ||||||||
Management fees | 13,119 | 13,340 | 1,965 | 49,127 | 46,564 | 28,595 | 22,513 | 67,100 |
Trustees Fees | 427 | 372 | 93 | 1,040 | 994 | 478 | 410 | 1,409 |
Total liabilities | 45,396 | 69,891 | 18,179 | 2,069,767 | 1,695,895 | 1,746,926 | 22,923 | 1,310,354 |
Net assets | $36,764,582 | $44,710,203 | $13,439,786 | $194,261,892 | $178,410,536 | $103,034,815 | $79,301,050 | $233,760,506 |
Shares outstanding | 1,600,000 | 2,000,000 | 500,000 | 4,800,000 | 6,650,000 | 3,050,000 | 3,500,000 | 9,400,000 |
Net asset value ("NAV") per share | $ 22.98 | $ 22.36 | $ 26.88 | $ 40.47 | $ 26.83 | $ 33.78 | $ 22.66 | $ 24.87 |
Net assets consist of: | ||||||||
Capital paid-in | $46,538,057 | $52,016,500 | $13,439,816 | $183,013,700 | $193,317,715 | $ 95,406,102 | $88,499,007 | $261,122,487 |
Total distributable earnings | (9,773,475) | (7,306,297) | (30) | 11,248,192 | (14,907,179) | 7,628,713 | (9,197,957) | (27,361,981) |
Net assets | $36,764,582 | $44,710,203 | $13,439,786 | $194,261,892 | $178,410,536 | $103,034,815 | $79,301,050 | $233,760,506 |
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 | NULG | NULV | NUMG | NUMV | NUSC | |
Investment Income | $ 527,897 | $ 768,280 | $ 145,397 | $ 673,174 | $ 2,099,338 | $ 224,203 | $ 751,684 | $ 1,462,789 |
Foreign tax withheld on dividend income | (63,952) | (66,907) | — | — | — | — | — | (1,230) |
Total investment income | 463,945 | 701,373 | 145,397 | 673,174 | 2,099,338 | 224,203 | 751,684 | 1,461,559 |
Expenses | ||||||||
Management fees | 122,869 | 110,863 | 12,533 | 229,190 | 235,426 | 127,960 | 112,520 | 389,487 |
Professional fees | 577 | 667 | 134 | 1,192 | 1,258 | 776 | 736 | 2,003 |
Trustees fees | 657 | 655 | 147 | 1,589 | 1,561 | 708 | 593 | 2,207 |
Total expenses | 124,103 | 112,185 | 12,814 | 231,971 | 238,245 | 129,444 | 113,849 | 393,697 |
Net investment income (loss) | 339,842 | 589,188 | 132,583 | 441,203 | 1,861,093 | 94,759 | 637,835 | 1,067,862 |
Realized and Unrealized Gain (Loss) | ||||||||
Net realized gain (loss) from: | ||||||||
Investments and foreign currency | (5,539,588) | (671,281) | 65,307 | 4,716,389 | (809,306) | 550,014 | 292,932 | (546,208) |
In-kind redemptions | (293,179) | 1,935,815 | 85,192 | — | 1,455,427 | 1,601,784 | 1,728,447 | — |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (856,991) | (9,582,568) | (829,102) | 1,550,645 | (20,996,197) | 2,566,704 | (12,609,200) | (27,812,209) |
Net realized and unrealized gain (loss) | (6,689,758) | (8,318,034) | (678,603) | 6,267,034 | (20,350,076) | 4,718,502 | (10,587,821) | (28,358,417) |
Net increase (decrease) in net assets from operations | $(6,349,916) | $(7,728,846) | $(546,020) | $6,708,237 | $(18,488,983) | $4,813,261 | $ (9,949,986) | $(27,290,555) |
NUEM | NUDM | ||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 339,842 | $ 1,113,538 | $ 589,188 | $ 1,629,590 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (5,539,588) | (3,154,477) | (671,281) | (2,732,365) | |
In-kind redemptions | (293,179) | — | 1,935,815 | 453,307 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (856,991) | 5,508,424 | (9,582,568) | 8,050,579 | |
Net increase (decrease) in net assets from operations | (6,349,916) | 3,467,485 | (7,728,846) | 7,401,111 | |
Distributions to Shareholders | |||||
Dividends | (1,191,300) | (781,600) | (1,843,400) | (1,207,140) | |
Decrease in net assets from distributions to shareholders | (1,191,300) | (781,600) | (1,843,400) | (1,207,140) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 11,165,263 | 17,891,627 | 14,215,997 | 22,035,244 | |
Cost of shares redeemed | (23,113,970) | — | (26,786,180) | (4,760,320) | |
Net increase (decrease) in net assets from Fund share transactions | (11,948,707) | 17,891,627 | (12,570,183) | 17,274,924 | |
Net increase (decrease) in net assets | (19,489,923) | 20,577,512 | (22,142,429) | 23,468,895 | |
Net assets at the beginning of period | 56,254,505 | 35,676,993 | 66,852,632 | 43,383,737 | |
Net assets at the end of period | $ 36,764,582 | $56,254,505 | $ 44,710,203 | $66,852,632 |
NULC | NULG | ||||
Six Months Ended 4/30/20 | For the period 6/3/19 (commencement of operations) through 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 132,583 | $ 46,218 | $ 441,203 | $ 518,869 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 65,307 | 6,148 | 4,716,389 | 520,420 | |
In-kind redemptions | 85,192 | 232,511 | — | 8,035,976 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (829,102) | 585,424 | 1,550,645 | 2,621,173 | |
Net increase (decrease) in net assets from operations | (546,020) | 870,301 | 6,708,237 | 11,696,438 | |
Distributions to Shareholders | |||||
Dividends | (91,800) | — | (1,371,300) | (2,078,290) | |
Decrease in net assets from distributions to shareholders | (91,800) | — | (1,371,300) | (2,078,290) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 12,304,250 | 11,510,375 | 119,797,435 | 57,491,685 | |
Cost of shares redeemed | (6,630,100) | (3,977,220) | (14,661,710) | (42,532,205) | |
Net increase (decrease) in net assets from Fund share transactions | 5,674,150 | 7,533,155 | 105,135,725 | 14,959,480 | |
Net increase (decrease) in net assets | 5,036,330 | 8,403,456 | 110,472,662 | 24,577,628 | |
Net assets at the beginning of period | 8,403,456 | — | 83,789,230 | 59,211,602 | |
Net assets at the end of period | $13,439,786 | $ 8,403,456 | $194,261,892 | $ 83,789,230 |
NULV | NUMG | ||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 1,861,093 | $ 1,578,380 | $ 94,759 | $ 100,000 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (809,306) | (717,879) | 550,014 | (615,383) | |
In-kind redemptions | 1,455,427 | 2,065,646 | 1,601,784 | 5,884,898 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (20,996,197) | 5,052,201 | 2,566,704 | 3,659,213 | |
Net increase (decrease) in net assets from operations | (18,488,983) | 7,978,348 | 4,813,261 | 9,028,728 | |
Distributions to Shareholders | |||||
Dividends | (1,925,600) | (1,852,310) | (158,565) | (2,222,550) | |
Decrease in net assets from distributions to shareholders | (1,925,600) | (1,852,310) | (158,565) | (2,222,550) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 115,386,735 | 64,336,100 | 55,315,220 | 26,478,635 | |
Cost of shares redeemed | (11,130,970) | (21,887,605) | (10,156,730) | (29,451,580) | |
Net increase (decrease) in net assets from Fund share transactions | 104,255,765 | 42,448,495 | 45,158,490 | (2,972,945) | |
Net increase (decrease) in net assets | 83,841,182 | 48,574,533 | 49,813,186 | 3,833,233 | |
Net assets at the beginning of period | 94,569,354 | 45,994,821 | 53,221,629 | 49,388,396 | |
Net assets at the end of period | $178,410,536 | $ 94,569,354 | $103,034,815 | $ 53,221,629 |
NUMV | NUSC | ||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 637,835 | $ 1,220,313 | $ 1,067,862 | $ 1,339,535 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 292,932 | (1,668,847) | (546,208) | (3,851,333) | |
In-kind redemptions | 1,728,447 | 2,972,359 | — | 4,301,196 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (12,609,200) | 3,943,286 | (27,812,209) | 7,566,647 | |
Net increase (decrease) in net assets from operations | (9,949,986) | 6,467,111 | (27,290,555) | 9,356,045 | |
Distributions to Shareholders | |||||
Dividends | (1,230,460) | (1,671,950) | (1,786,255) | (2,978,020) | |
Decrease in net assets from distributions to shareholders | (1,230,460) | (1,671,950) | (1,786,255) | (2,978,020) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 49,030,490 | 23,919,765 | 97,580,515 | 107,483,270 | |
Cost of shares redeemed | (13,121,635) | (21,460,765) | (2,258,560) | (26,792,655) | |
Net increase (decrease) in net assets from Fund share transactions | 35,908,855 | 2,459,000 | 95,321,955 | 80,690,615 | |
Net increase (decrease) in net assets | 24,728,409 | 7,254,161 | 66,245,145 | 87,068,640 | |
Net assets at the beginning of period | 54,572,641 | 47,318,480 | 167,515,361 | 80,446,721 | |
Net assets at the end of period | $ 79,301,050 | $ 54,572,641 | $233,760,506 | $167,515,361 |
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 | ||||||||||
2020(d) | $25.57 | $0.16 | $(2.21) | $(2.05) | $(0.54) | $ — | $(0.54) | $22.98 | $22.63 | |
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(e) | 24.95 | 0.20 | 2.54 | 2.74 | — | — | — | 27.69 | 28.05 | |
NUDM | ||||||||||
2020(d) | 26.74 | 0.27 | (3.73) | (3.46) | (0.92) | — | (0.92) | 22.36 | 22.13 | |
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(e) | 24.88 | 0.17 | 1.34 | 1.51 | — | — | — | 26.39 | 26.57 | |
NULC | ||||||||||
2020(d) | 28.01 | 0.29 | (1.19) | (0.90) | (0.21) | (0.02) | (0.23) | 26.88 | 26.91 | |
2019(f) | 24.96 | 0.19 | 2.86 | 3.05 | — | — | — | 28.01 | 27.99 | |
NULG | ||||||||||
2020(d) | 38.97 | 0.13 | 1.83 | 1.96 | (0.20) | (0.26) | (0.46) | 40.47 | 40.51 | |
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(g) | 25.21 | 0.24 | 5.02 | 5.26 | — | — | — | 30.47 | 30.53 | |
NULV | ||||||||||
2020(d) | 31.52 | 0.41 | (4.62) | (4.21) | (0.48) | — | (0.48) | 26.83 | 26.87 | |
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(g) | 25.09 | 0.53 | 2.21 | 2.74 | — | — | — | 27.83 | 27.88 | |
NUMG | ||||||||||
2020(d) | 33.26 | 0.05 | 0.57 | 0.62 | (0.10) | — | (0.10) | 33.78 | 33.88 | |
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(g) | 25.10 | 0.09 | 3.25 | 3.34 | — | — | — | 28.44 | 28.46 | |
NUMV | ||||||||||
2020(d) | 29.50 | 0.30 | (6.42) | (6.12) | (0.72) | — | (0.72) | 22.66 | 22.66 | |
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(g) | 25.04 | 0.48 | 1.48 | 1.96 | — | — | — | 27.00 | 27.01 | |
NUSC | ||||||||||
2020(d) | 29.65 | 0.15 | (4.65) | (4.50) | (0.28) | — | (0.28) | 24.87 | 24.87 | |
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(g) | 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) |
(8.34)% | (10.26)% | $ 36,765 | 0.45%* | 1.25%* | 48% |
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 |
(13.55) | (14.78) | 44,710 | 0.40* | 2.13* | 35 |
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 |
(3.30) | (3.13) | 13,440 | 0.20* | 2.11* | 26 |
12.22 | 12.14 | 8,403 | 0.20* | 1.75* | 9 |
4.99 | 5.01 | 194,262 | 0.35* | 0.67* | 42 |
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 |
(13.64) | (13.51) | 178,411 | 0.35* | 2.77* | 29 |
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 |
1.83 | 1.96 | 103,035 | 0.40* | 0.30* | 39 |
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 |
(21.35) | (21.53) | 79,301 | 0.40* | 2.27* | 30 |
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 |
(15.37) | (15.51) | 233,761 | 0.40* | 1.10* | 9 |
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 5 - Investment Transactions) divided by the average long-term market value during the period. Portfolio Turnover Rate excludes securities received or delivered as a result of processing in-kind creations or redemptions of Fund shares (as disclosed in Note 4 - Fund Shares). |
(d) | For the six months ended April 30, 2020. |
(e) | For the period June 6, 2017 (commencement of operations) through October 31, 2017. |
(f) | For the period June 3, 2019 (commencement of operations) through October 31, 2019. |
(g) | For the period December 13, 2016 (commencement of operations) through October 31, 2017. |
* | Annualized. |
NUEM | Value | % of Net Assets |
Country: | ||
China | $13,905,096 | 37.8% |
Taiwan | 5,022,526 | 13.7 |
Korea, Republic Of | 3,941,914 | 10.7 |
India | 3,172,118 | 8.6 |
Brazil | 1,861,857 | 5.1 |
South Africa | 1,537,226 | 4.2 |
Saudi Arabia | 1,036,498 | 2.8 |
Thailand | 841,802 | 2.3 |
Malaysia | 698,581 | 1.9 |
Mexico | 681,613 | 1.9 |
Other | 3,622,059 | 9.8 |
Total non-U.S. securities | $36,321,290 | 98.8% |
NUDM | Value | % of Net Assets |
Country: | ||
Japan | $11,570,764 | 25.9% |
United Kingdom | 6,312,783 | 14.1 |
France | 4,879,959 | 10.9 |
Switzerland | 4,608,705 | 10.3 |
Germany | 3,637,230 | 8.1 |
Australia | 2,833,768 | 6.4 |
Netherlands | 1,835,292 | 4.1 |
Hong Kong | 1,615,837 | 3.6 |
Spain | 1,227,583 | 2.8 |
Sweden | 1,179,277 | 2.6 |
Other | 4,680,539 | 10.5 |
Total non-U.S. securities | $44,381,737 | 99.3% |
NUEM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $35,503,697 | $816,988** | $ 605*** | $36,321,290 |
Common Stock Rights | — | — | —**** | — |
Total | $35,503,697 | $816,988 | $ 605 | $36,321,290 |
NUDM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $44,380,477 | $ — | $1,260 | $44,381,737 |
NULC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $13,418,157 | $ — | $ — | $13,418,157 |
NULG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $193,904,165 | $ — | $ — | $193,904,165 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 310,000 | — | 310,000 |
Total | $193,904,165 | $310,000 | $ — | $194,214,165 |
NULV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $177,980,673 | $ — | $ — | $177,980,673 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 365,000 | — | 365,000 |
Total | $177,980,673 | $365,000 | $ — | $178,345,673 |
NUMG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $102,932,313 | $ — | $ — | $102,932,313 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 120,000 | — | 120,000 |
Total | $102,932,313 | $120,000 | $ — | $103,052,313 |
NUMV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $79,096,494 | $ — | $ — | $79,096,494 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 140,000 | — | 140,000 |
Total | $79,096,494 | $140,000 | $ — | $79,236,494 |
NUSC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $233,463,611 | $ — | $20,323*** | $233,483,934 |
Common Stock Rights | — | — | 299*** | 299 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 280,000 | — | 280,000 |
Total | $233,463,611 | $280,000 | $20,622 | $233,764,233 |
* | 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 | $24,446,978 | $19,439,524 | $3,398,343 | $56,526,625 | $41,045,834 | $25,896,960 | $17,848,580 | $57,390,172 |
Sales | 34,875,547 | 21,344,655 | 3,328,735 | 56,772,433 | 40,019,716 | 25,902,218 | 18,130,130 | 18,130,130 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
In-kind purchases | $2,638,454 | $13,569,266 | $12,280,388 | $118,918,514 | $114,120,837 | $55,188,501 | $48,680,008 | $97,144,734 |
In-kind sales | 5,450,239 | 25,590,058 | 6,631,738 | 14,636,259 | 11,083,074 | 10,137,803 | 13,086,043 | 2,257,197 |
NUEM | NUDM | ||||||||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 500,000 | $ 11,165,263 | 700,000 | $17,891,627 | 600,000 | $ 14,215,997 | 900,000 | $22,035,244 | |||
Shares redeemed | (1,100,000) | (23,113,970) | — | — | (1,100,000) | (26,786,180) | (200,000) | (4,760,320) | |||
Net increase (decrease) | (600,000) | $(11,948,707) | 700,000 | $17,891,627 | (500,000) | $(12,570,183) | 700,000 | $17,274,924 |
NULC | NULG | ||||||||||
Six Months Ended 4/30/20 | For the period 6/3/19 (commencement of operations) through 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 450,000 | $12,304,250 | 450,002 | $11,510,375 | 3,000,000 | $119,797,435 | 1,550,000 | $ 57,491,685 | |||
Shares redeemed | (250,000) | (6,630,100) | (150,002) | (3,977,220) | (350,000) | (14,661,710) | (1,150,000) | (42,532,205) | |||
Net increase (decrease) | 200,000 | $ 5,674,150 | 300,000 | $ 7,533,155 | 2,650,000 | $105,135,725 | 400,000 | $ 14,959,480 |
NULV | NUMG | ||||||||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 4,050,000 | $115,386,735 | 2,150,000 | $ 64,336,100 | 1,750,000 | $ 55,315,220 | 850,000 | $ 26,478,635 | |||
Shares redeemed | (400,000) | (11,130,970) | (750,000) | (21,887,605) | (300,000) | (10,156,730) | (900,000) | (29,451,580) | |||
Net increase (decrease) | 3,650,000 | $104,255,765 | 1,400,000 | $ 42,448,495 | 1,450,000 | $ 45,158,490 | (50,000) | $ (2,972,945) |
NUMV | NUSC | ||||||||||
Six Months Ended 4/30/20 | Year Ended 10/31/19 | Six Months Ended 4/30/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 2,100,000 | $ 49,030,490 | 850,000 | $ 23,919,765 | 3,850,000 | $97,580,515 | 3,750,000 | $107,483,270 | |||
Shares redeemed | (450,000) | (13,121,635) | (750,000) | (21,460,765) | (100,000) | (2,258,560) | (950,000) | (26,792,655) | |||
Net increase (decrease) | 1,650,000 | $ 35,908,855 | 100,000 | $ 2,459,000 | 3,750,000 | $95,321,955 | 2,800,000 | $ 80,690,615 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Tax cost of investments | $37,027,682 | $50,538,632 | $13,661,892 | $187,878,126 | $194,632,048 | $97,117,157 | $ 89,323,878 | $257,973,444 |
Gross unrealized: | ||||||||
Appreciation | $ 4,232,861 | $ 2,394,018 | $ 455,429 | $ 13,298,775 | $ 4,610,287 | $ 9,348,942 | $ 1,708,510 | $ 15,298,123 |
Depreciation | (4,939,253) | (8,550,913) | (699,164) | (6,962,736) | (20,896,662) | (3,413,786) | (11,795,894) | (39,507,334) |
Net unrealized appreciation (depreciation) of investments | $ (706,392) | $ (6,156,895) | $ (243,735) | $ 6,336,039 | $ (16,286,375) | $ 5,935,156 | $(10,087,384) | $ (24,209,211) |
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. |
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 gains | — | — | — | 68,866 | 92,689 | 346,138 | 107,204 | 486,073 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
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 | $649,694 | $8,069,119 | $2,679,921 | $ 677,789 | $ 542,080 | $130,290 |
Sales | 193,702 | 9,275,033 | 3,423,072 | 3,314,304 | 1,095,818 | 964,563 |
Fund | NULC |
TIAA owned shares | 190,000 |
NUEM | NUDM | ||||
Six Months Ended April 30, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
Greater than 3.00% | 2 | 1.6% | 1 | 0.8% | |
1.01% to 3.00% | 31 | 25.0% | 20 | 16.1% | |
0.51% to 1.00% | 40 | 32.3% | 49 | 39.5% | |
0.26% to 0.50% | 12 | 9.7% | 24 | 19.4% | |
0.00 to 0.25% | 7 | 5.6% | 10 | 8.1% | |
(0.01)% to (0.25)% | 9 | 7.3% | 4 | 3.2% | |
(0.26)% to (0.50)% | 6 | 4.8% | 2 | 1.6% | |
(0.51)% to (1.00)% | 5 | 4.0% | 6 | 4.8% | |
(1.01)% to (3.00)% | 10 | 8.1% | 8 | 6.5% | |
Less than (3.00)% | 2 | 1.6% | – | – | |
124 | 100% | 124 | 100% |
NULC | NULG | NULV | ||||||||
Six Months Ended April 30, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | Number of Days | % of Total Days | ||||
Premium/Discount Range: | ||||||||||
1.01% to 3.00% | – | – | 1 | 0.8% | – | – | ||||
0.26% to 0.50% | – | – | – | – | 2 | 1.6% | ||||
0.00% to 0.25% | 37 | 29.8% | 113 | 91.1% | 109 | 87.9% | ||||
(0.01)% to (0.25)% | 87 | 70.2% | 9 | 7.3% | 13 | 10.5% | ||||
(0.26)% to (0.50)% | – | – | 1 | 0.8% | – | – | ||||
124 | 100% | 124 | 100% | 124 | 100% |
NUMG | NUMV | NUSC | ||||||||
Six Months Ended April 30, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | Number of Days | % of Total Days | ||||
Premium/Discount Range: | ||||||||||
Greater than 3.00% | 1 | 0.8% | – | – | – | – | ||||
1.01% to 3.00% | – | – | 1 | 0.8% | 1 | 0.8% | ||||
0.26% to 0.50% | – | – | – | – | 2 | 1.6% | ||||
0.00% to 0.25% | 110 | 88.7% | 114 | 91.9% | 110 | 88.7% | ||||
(0.01)% to (0.25)% | 13 | 10.5% | 9 | 7.3% | 11 | 8.9% | ||||
124 | 100% | 124 | 100% | 124 | 100% |
Serving Investors for Generations
Item 2. Code of Ethics.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this filing.
Item 6. Schedule of Investments.
(a) See Portfolio of Investments in Item 1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to this registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-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 Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-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 Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
File the exhibits listed below as part of this Form.
(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable to this registrant.
(a)(4) Change in registrant’s independent public accountant. Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nushares ETF Trust
By | (Signature and Title) | /s/ Christopher M. Rohrbacher | ||||
Christopher M. Rohrbacher Vice President and Secretary |
Date: July 7, 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 M. Farris | ||||
Jordan M. Farris Chief Administrative Officer (principal executive officer) |
Date: July 7, 2020
By | (Signature and Title) | /s/ E. Scott Wickerham | ||||
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: July 7, 2020