| Shares | | | Value |
| | UNAFFILIATED ISSUERS - 95.9% | | |
| | COMMON STOCKS - 95.9% of Net Assets |
| | Aerospace & Defense - 1.5% | |
| 138,577 | Hensoldt AG | $ 2,349,400 |
| | Total Aerospace & Defense | | $ 2,349,400 |
| | Airlines - 0.6% | |
| 56,896(a) | JET2 PLC | $ 903,012 |
| | Total Airlines | | $ 903,012 |
| | Automobiles - 4.1% | |
| 221,872 | Stellantis NV | $ 4,443,955 |
| 22,100 | Toyota Motor Corp. | 1,920,561 |
| | Total Automobiles | | $ 6,364,516 |
| | Banks - 15.9% | |
| 302,878(a) | ABN AMRO Bank NV (144A) | $ 4,214,474 |
| 2,571,000 | Bank of China, Ltd., Class H | 901,243 |
| 38,283 | BNP Paribas S.A. | 2,428,456 |
| 328,053 | Grupo Financiero Banorte S.A.B de CV, Class O | 2,165,820 |
| 133,000 | Itau Unibanco Holding S.A. | 795,927 |
| 112,062 | KB Financial Group, Inc. | 5,116,358 |
| 798,800 | Mitsubishi UFJ Financial Group, Inc. | 4,319,518 |
| 927,875 | Natwest Group Plc | 2,721,410 |
| 64,900 | Sumitomo Mitsui Financial Group, Inc. | 2,236,410 |
| | Total Banks | | $ 24,899,616 |
| | Beverages - 2.1% | |
| 69,600 | Asahi Group Holdings, Ltd. | $ 3,232,403 |
| | Total Beverages | | $ 3,232,403 |
| | Capital Markets - 4.3% | |
| 31,026 | Euronext NV (144A) | $ 3,599,493 |
| 184,415 | UBS Group AG | 3,068,282 |
| | Total Capital Markets | | $ 6,667,775 |
| | Chemicals - 3.4% | |
| 20,640 | International Flavors & Fragrances, Inc. | $ 3,126,960 |
| 3,404 | LG Chem, Ltd. | 2,226,010 |
| | Total Chemicals | | $ 5,352,970 |
| | Construction Materials - 2.2% | |
| 64,999 | CRH Plc | $ 3,459,399 |
| | Total Construction Materials | | $ 3,459,399 |
| | Containers & Packaging - 1.3% | |
| 34,685 | Smurfit Kappa Group Plc | $ 1,989,445 |
| | Total Containers & Packaging | | $ 1,989,445 |
| | Diversified Telecommunication Services - 2.0% | |
| 146,219 | Deutsche Telekom AG | $ 3,108,333 |
| | Total Diversified Telecommunication Services | | $ 3,108,333 |
| | Electrical Equipment - 4.9% | |
| 183,300 | Mitsubishi Electric Corp. | $ 2,500,904 |
| 28,973 | Schneider Electric SE | 5,188,351 |
| | Total Electrical Equipment | | $ 7,689,255 |
| | Electronic Equipment, Instruments & Components - 3.1% | |
| 49,006 | Samsung Electronics Co., Ltd. | $ 3,238,186 |
| 2,371 | Samsung SDI Co., Ltd. | 1,616,119 |
| | Total Electronic Equipment, Instruments & Components | | $ 4,854,305 |
| | Food & Staples Retailing - 4.3% | |
| 21,796 | Magnit PJSC | $ 1,650,980 |
| 115,200 | Seven & i Holdings Co., Ltd. | 5,040,286 |
| | Total Food & Staples Retailing | | $ 6,691,266 |
| | Health Care Equipment & Supplies - 2.2% | |
| 21,200 | Hoya Corp. | $ 3,423,838 |
| | Total Health Care Equipment & Supplies | | $ 3,423,838 |
| | Health Care Providers & Services - 1.1% | |
| 32,526 | Fresenius SE & Co. KGaA | $ 1,691,826 |
| | Total Health Care Providers & Services | | $ 1,691,826 |
| | Household Durables - 2.4% | |
| 37,000 | Sony Corp. | $ 3,823,588 |
| | Total Household Durables | | $ 3,823,588 |
| | Industrial Conglomerates - 2.8% | |
| 13,393 | Siemens AG | $ 2,226,830 |
| 48,900 | Toshiba Corp. | 2,121,716 |
| | Total Industrial Conglomerates | | $ 4,348,546 |
| | Insurance - 1.9% | |
| 6,836 | Zurich Insurance Group AG | $ 3,004,725 |
| | Total Insurance | | $ 3,004,725 |
| | Interactive Media & Services - 1.0% | |
| 25,600 | Tencent Holdings, Ltd. | $ 1,575,200 |
| | Total Interactive Media & Services | | $ 1,575,200 |
| | Internet & Direct Marketing Retail - 1.9% | |
| 145,400(a) | Alibaba Group Holding, Ltd. | $ 3,044,206 |
| | Total Internet & Direct Marketing Retail | | $ 3,044,206 |
| Shares | | | Value |
| | IT Services - 1.4% | |
| 15,859 | International Business Machines Corp. | $ 2,225,652 |
| | Total IT Services | | $ 2,225,652 |
| | Life Sciences Tools & Services - 1.8% | |
| 3,249 | Lonza Group AG | $ 2,749,468 |
| | Total Life Sciences Tools & Services | | $ 2,749,468 |
| | Media - 1.2% | |
| 443,502(a) | Atresmedia Corp. de Medios de Comunicacion S.A. | $ 1,943,672 |
| | Total Media | | $ 1,943,672 |
| | Metals & Mining - 1.9% | |
| 62,000 | First Quantum Minerals Ltd. | $ 1,292,118 |
| 73,624 | Teck Resources, Ltd., Class B | 1,660,221 |
| | Total Metals & Mining | | $ 2,952,339 |
| | Multi-Utilities - 1.2% | |
| 49,377 | RWE AG | $ 1,928,412 |
| | Total Multi-Utilities | | $ 1,928,412 |
| | Oil, Gas & Consumable Fuels - 5.5% | |
| 230,500 | Inpex Corp. | $ 1,576,774 |
| 195,170 | Rosneft Oil Co. PJSC | 1,419,777 |
| 143,506 | Royal Dutch Shell Plc, Class B (A.D.R.) | 5,649,831 |
| | Total Oil, Gas & Consumable Fuels | | $ 8,646,382 |
| | Personal Products - 2.6% | |
| 5,885 | L'Oreal S.A. | $ 2,759,390 |
| 23,377 | Unilever Plc | 1,301,005 |
| | Total Personal Products | | $ 4,060,395 |
| | Pharmaceuticals - 6.2% | |
| 23,100 | Eisai Co., Ltd. | $ 1,907,557 |
| 16,630 | Merck KGaA | 3,951,586 |
| 81,906 | Pfizer, Inc. | 3,773,409 |
| | Total Pharmaceuticals | | $ 9,632,552 |
| | Professional Services - 1.7% | |
| 88,274 | RELX PLC | $ 2,646,831 |
| | Total Professional Services | | $ 2,646,831 |
| | Semiconductors & Semiconductor Equipment - 4.3% | |
| 15,278 | MKS Instruments, Inc. | $ 2,248,616 |
| 91,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 2,004,202 |
| 46,900 | Ulvac, Inc. | 2,521,475 |
| | Total Semiconductors & Semiconductor Equipment | | $ 6,774,293 |
| | Software - 1.6% | |
| 29,009 | Oracle Corp. | $ 2,585,572 |
| | Total Software | | $ 2,585,572 |
| | Textiles, Apparel & Luxury Goods - 1.2% | |
| 2,488 | LVMH Moet Hennessy Louis Vuitton SE | $ 1,847,720 |
| | Total Textiles, Apparel & Luxury Goods | | $ 1,847,720 |
| | Trading Companies & Distributors - 2.3% | |
| 67,186(a) | AerCap Holdings NV | $ 3,623,341 |
| | Total Trading Companies & Distributors | | $ 3,623,341 |
| | TOTAL COMMON STOCKS | |
| | (Cost $117,559,011) | $ 150,090,253 |
| | TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 95.9% | |
| | (Cost $117,559,011) | $ 150,090,253 |
| | OTHER ASSETS AND LIABILITIES - 4.1% | $ 6,486,026 |
| | NET ASSETS - 100.0% | $ 156,576,279 |
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 August 31, 2021, in valuing the Fund's investments: |
|
| Level 1 | Level 2 | Level 3 | Total |
Common Stocks | | | | |
Chemicals* | $ 3,126,960 | $ 2,226,010 | $ – | $ 5,352,970 |
IT Services | 2,225,652 | – | – | 2,225,652 |
Metals & Mining * | 1,660,221 | 1,292,118 | – | 2,952,339 |
Oil, Gas & Consumable Fuels* | 5,649,831 | 2,996,551 | – | 8,646,382 |
Pharmaceuticals* | 3,773,409 | 5,859,143 | – | 9,632,552 |
Semiconductors & Semiconductor Equipment* | 2,248,616 | 4,525,677 | – | 6,774,293 |
Software | 2,585,572 | – | – | 2,585,572 |
Trading Companies & Distributors | 3,623,341 | – | – | 3,623,341 |
All Other Common Stocks* | – | 108,297,152 | – | 108,297,152 |
Total Investments in Securities | $ 24,893,602 | $ 125,196,651 | $ – | $ 150,090,253 |
*Securities are valued using inputs/data furnished by independent pricing services using fair value factors.
For the nine months ended August 31, 2021 there were no transfers in or out of Level 3.