Shares | | | | Value | |
| | UNAFFILIATED ISSUERS - 97.5% | | | |
| | COMMON STOCKS - 97.5% of Net Assets | |
| | Aerospace & Defense - 2.7% | | | |
| 118,658(a | ) | Hensoldt AG | | $ | 2,000,250 | |
| 668,400 | | Singapore Technologies Engineering Ltd. | | | 1,876,084 | |
| | | Total Aerospace & Defense | | $ | 3,876,334 | |
| | | Automobiles - 3.8% | | | | |
| 241,877 | | Stellantis NV | | $ | 3,925,231 | |
| 22,100 | | Toyota Motor Corp. | | | 1,627,716 | |
| | | Total Automobiles | | $ | 5,552,947 | |
| | | Banks - 13.1% | | | | |
| 243,023(a | ) | ABN AMRO Bank NV (144A) | | $ | 2,793,566 | |
| 4,136,000 | | Bank of China, Ltd., Class H | | | 1,449,764 | |
| 38,283(a | ) | BNP Paribas S.A. | | | 2,277,282 | |
| 257,253(a | ) | Grupo Financiero Banorte S.A.B de CV, Class O | | | 1,291,298 | |
| 73,425 | | KB Financial Group, Inc. | | | 2,820,650 | |
| 642,800 | | Mitsubishi UFJ Financial Group, Inc. | | | 3,402,149 | |
| 141,300 | | Sumitomo Mitsui Financial Group, Inc. | | | 5,007,395 | |
| | | Total Banks | | $ | 19,042,104 | |
| | | Beverages - 1.6% | | | | |
| 52,100 | | Asahi Group Holdings, Ltd. | | $ | 2,294,626 | |
| | | Total Beverages | | $ | 2,294,626 | |
| | | Capital Markets - 2.0% | | | | |
| 184,415 | | UBS Group AG | | $ | 2,852,539 | |
| | | Total Capital Markets | | $ | 2,852,539 | |
| | | Chemicals - 1.7% | | | | |
| 3,389 | | LG Chem, Ltd. | | $ | 2,495,327 | |
| | | Total Chemicals | | $ | 2,495,327 | |
| | | Construction Materials - 1.9% | | | | |
| 64,999 | | CRH Plc | | $ | 2,804,920 | |
| | | Total Construction Materials | | $ | 2,804,920 | |
| | | Consumer Discretionary - 1.0% | | | | |
| 630(a | ) | Booking Holdings, Inc. | | $ | 1,466,961 | |
| | | Total Consumer Discretionary | | $ | 1,466,961 | |
| | | Containers & Packaging - 1.1% | | | | |
| 34,685 | | Smurfit Kappa Group Plc | | $ | 1,642,481 | |
| | | Total Containers & Packaging | | $ | 1,642,481 | |
| | | Diversified Telecommunication Services - 1.6% | | | | |
| 129,951 | | Deutsche Telekom AG | | $ | 2,354,675 | |
| | | Total Diversified Telecommunication Services | | $ | 2,354,675 | |
| | | Electrical Equipment - 4.8% | | | | |
| 183,300 | | Mitsubishi Electric Corp. | | $ | 2,722,566 | |
| 28,973 | | Schneider Electric SE | | | 4,297,994 | |
| | | Total Electrical Equipment | | $ | 7,020,560 | |
| | | Electronic Equipment, Instruments & Components - 6.1% | | | | |
| 3,700 | | Keyence Corp. | | $ | 1,769,301 | |
| 14,300 | | Murata Manufacturing Co., Ltd. | | | 1,224,482 | |
| 53,285 | | Samsung Electronics Co., Ltd. | | | 3,895,143 | |
| 3,239 | | Samsung SDI Co., Ltd. | | | 1,934,933 | |
| | | Total Electronic Equipment, Instruments & Components | | $ | 8,823,859 | |
| | | Energy - 0.3% | | | | |
| 67,260 | | Rosneft Oil Co. PJSC (G.D.R.) | | $ | 463,143 | |
| | | Total Energy | | $ | 463,143 | |
| | | Financials - 0.5% | | | | |
| 3,274 | | Willis Towers Watson Plc | | $ | 722,375 | |
| | | Total Financials | | $ | 722,375 | |
| | | Food & Staples Retailing - 3.6% | | | | |
| 11,844 | | Magnit PJSC | | $ | 779,563 | |
| 115,200 | | Seven & i Holdings Co., Ltd. | | | 4,398,841 | |
| | | Total Food & Staples Retailing | | $ | 5,178,404 | |
| | | Health Care Equipment & Supplies - 5.5% | | | | |
| 21,200 | | Hoya Corp. | | $ | 2,405,901 | |
| 69,379(a | ) | Koninklijke Philips NV | | | 3,766,481 | |
| 15,553 | | Medtronic Plc | | | 1,819,235 | |
| | | Total Health Care Equipment & Supplies | | $ | 7,991,617 | |
| | | Health Care Providers & Services - 1.0% | | | | |
| 32,526 | | Fresenius SE & Co. KGaA | | $ | 1,392,750 | |
| | | Total Health Care Providers & Services | | $ | 1,392,750 | |
| | | Hotels, Restaurants & Leisure - 1.6% | | | | |
| 112,607(a | ) | Compass Group Plc | | $ | 2,284,255 | |
| | | Total Hotels, Restaurants & Leisure | | $ | 2,284,255 | |
| | | Household Durables - 4.7% | | | | |
| 82,002 | | Persimmon Plc | | $ | 2,960,886 | |
| 37,000 | | Sony Corp. | | | 3,888,294 | |
| | | Total Household Durables | | $ | 6,849,180 | |
| | | Industrial Conglomerates - 3.3% | | | | |
| 13,393 | | Siemens AG | | $ | 2,063,304 | |
Shares | | | | Value | |
| | | Industrial Conglomerates – (continued) | | | | |
| 88,000 | | Toshiba Corp. | | $ | 2,788,094 | |
| | | Total Industrial Conglomerates | | $ | 4,851,398 | |
| | | Industrials - 1.1% | | | | |
| 7,299 | | Kansas City Southern | | $ | 1,549,870 | |
| | | Total Industrials | | $ | 1,549,870 | |
| | | Insurance - 5.3% | | | | |
| 11,860 | | Allianz SE | | $ | 2,868,556 | |
| 172,500 | | Ping An Insurance Group Co. of China, Ltd., Class H | | | 2,118,219 | |
| 6,836 | | Zurich Insurance Group AG | | | 2,789,282 | |
| | | Total Insurance | | $ | 7,776,057 | |
| | | Internet & Direct Marketing Retail - 1.5% | | | | |
| 74,800(a | ) | Alibaba Group Holding, Ltd. | | $ | 2,237,106 | |
| | | Total Internet & Direct Marketing Retail | | $ | 2,237,106 | |
| | | IT Services - 1.1% | | | | |
| 21,592 | | Cognizant Technology Solutions Corp. | | $ | 1,586,580 | |
| | | Total IT Services | | $ | 1,586,580 | |
| | | Life Sciences Tools & Services - 1.4% | | | | |
| 3,249 | | Lonza Group AG | | $ | 2,048,329 | |
| | | Total Life Sciences Tools & Services | | $ | 2,048,329 | |
| | | Materials - 1.4% | | | | |
| 15,157 | | International Flavors & Fragrances, Inc. | | $ | 2,053,925 | |
| | | Total Materials | | $ | 2,053,925 | |
| | | Media - 1.1% | | | | |
| 372,492(a | ) | Atresmedia Corp. de Medios de Comunicacion S.A. | | $ | 1,549,807 | |
| | | Total Media | | $ | 1,549,807 | |
| | | Metals & Mining - 2.1% | | | | |
| 49,400 | | First Quantum Minerals Ltd. | | $ | 1,067,046 | |
| 23,533 | | Rio Tinto Plc | | | 2,035,932 | |
| | | Total Metals & Mining | | $ | 3,102,978 | |
| | | Multi-Utilities - 1.8% | | | | |
| 69,186 | | RWE AG | | $ | 2,616,816 | |
| | | Total Multi-Utilities | | $ | 2,616,816 | |
| | | Oil, Gas & Consumable Fuels - 5.0% | | | | |
| 360,200 | | Inpex Corp. | | $ | 2,727,516 | |
| 115,642 | | Royal Dutch Shell Plc, Class B (A.D.R.) | | | 4,496,161 | |
| | | Total Oil, Gas & Consumable Fuels | | $ | 7,223,677 | |
| | | Personal Products - 2.3% | | | | |
| 5,885 | | L'Oreal S.A. | | $ | 2,148,069 | |
| 23,377 | | Unilever Plc | | | 1,213,604 | |
| | | Total Personal Products | | $ | 3,361,673 | |
| | | Pharmaceuticals - 0.7% | | | | |
| 15,100 | | Eisai Co., Ltd. | | $ | 1,046,319 | |
| | | Total Pharmaceuticals | | $ | 1,046,319 | |
| | | Real Estate Management & Development - 1.2% | | | | |
| 72,391 | | Grand City Properties S.A. | | $ | 1,775,142 | |
| | | Total Real Estate Management & Development | | $ | 1,775,142 | |
| | | Semiconductors & Semiconductor Equipment - 4.0% | | | | |
| 17,872 | | SK Hynix, Inc. | | $ | 2,240,332 | |
| 84,000 | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 1,834,638 | |
| 37,800 | | Ulvac, Inc. | | | 1,705,857 | |
| | | Total Semiconductors & Semiconductor Equipment | | $ | 5,780,827 | |
| | | Software - 1.8% | | | | |
| 41,302 | | Oracle Corp. | | $ | 2,664,392 | |
| | | Total Software | | $ | 2,664,392 | |
| | | Textiles, Apparel & Luxury Goods - 1.1% | | | | |
| 2,488 | | LVMH Moet Hennessy Louis Vuitton SE | | $ | 1,577,219 | |
| | | Total Textiles, Apparel & Luxury Goods | | $ | 1,577,219 | |
| | | Trading Companies & Distributors - 2.7% | | | | |
| 71,273 | | Ashtead Group Plc | | $ | 3,855,882 | |
| | | Total Trading Companies & Distributors | | $ | 3,855,882 | |
| | | TOTAL COMMON STOCKS | | | | |
| | | (Cost $109,883,328) | | $ | 141,767,054 | |
| | | TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 97.5% | | | | |
| | | (Cost $109,883,328)(b) | | $ | 141,767,054 | |
| | | OTHER ASSETS AND LIABILITIES - 2.5% | | $ | 3,686,187 | |
| | | NET ASSETS - 100.0% | | $ | 145,453,241 | |
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels below. | |
| |
Level 1 - unadjusted quoted prices in active markets for identical securities. | |
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). | |
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments). | |
| |
The following is a summary of the inputs used as of February 28, 2021, in valuing the Fund's investments: | |
| |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Common Stocks | | | | | | | | | | | | |
Consumer Discretionary | | $ | 1,466,961 | | | $ | – | | | $ | – | | | $ | 1,466,961 | |
Financials | | | 722,375 | | | | – | | | | – | | | | 722,375 | |
Health Care Equipment & Supplies* | | | 1,819,235 | | | | 6,172,382 | | | | – | | | | 7,991,617 | |
Industrials | | | 1,549,870 | | | | – | | | | – | | | | 1,549,870 | |
IT Services | | | 1,586,580 | | | | – | | | | – | | | | 1,586,580 | |
Materials | | | 2,053,925 | | | | – | | | | – | | | | 2,053,925 | |
Oil, Gas & Consumable Fuels* | | | 4,496,161 | | | | 2,727,516 | | | | – | | | | 7,223,677 | |
Software | | | 2,664,392 | | | | – | | | | – | | | | 2,664,392 | |
All Other Common Stocks* | | | – | | | | 116,507,657 | | | | – | | | | 116,507,657 | |
Total Investments in Securities | | $ | 16,359,499 | | | $ | 125,407,555 | | | $ | – | | | $ | 141,767,054 | |
*Securities are valued using inputs/data furnished by independent pricing services using fair value factors.
For the three months ended February 28, 2021 there were no transfers in or out of Level 3.