Lord Abbett Micro Cap Growth Fund (LMIYX) NPORT-P Lord Abbett Focused Large Cap Value Fund (Jul 2023 report)

Lord Abbett

Quarterly Portfolio Holdings Report

Lord Abbett

Alpha Strategy Fund

Focused Growth Fund

Focused Large Cap Value Fund

Focused Small Cap Value Fund

Fundamental Equity Fund

Global Equity Fund

Growth Leaders Fund

Health Care Fund

International Equity Fund

International Opportunities Fund

International Value Fund

Micro Cap Growth Fund

Value Opportunities Fund

For the period ended July 31, 2023

Schedule of Investments (unaudited)

ALPHA STRATEGY FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 100.12%
INVESTMENTS IN UNDERLYING FUNDS(a)(b) 100.12%
Lord Abbett Developing Growth Fund, Inc. - Class I*(c)		5,059,477	$	127,954,159
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I(d)		2,382,669		67,095,955
Lord Abbett Securities Trust - International Opportunities Fund - Class I(d)		6,763,836		127,363,032
Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I*(d)		3,479,972		63,857,485
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I(d)		6,766,624		131,949,170
Lord Abbett Securities Trust - Value Opportunities Fund - Class I*(d)		7,130,097		131,835,494
Total Investments in Underlying Funds (cost 641,387,066)				650,055,295

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.07%
Repurchase Agreements 0.07%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $580,500 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $496,441; proceeds: $486,689 (cost $486,651)	$	486,651	$	486,651
Total Investments in Securities 100.19% (cost $641,873,717)				650,541,946
Other Assets and Liabilities – Net (0.19)%				(1,247,034	)
Net Assets 100.00%			$	649,294,912

*	Non-income producing security.
(a)	Affiliated issuer.
(b)	These investments offer daily redemptions.
(c)	Fund investment objective is long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter.
(d)	Fund investment objective is long-term capital appreciation.

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Investments in Underlying Funds	$	650,055,295	$	–	$	–	$	650,055,295
Short-Term Investments
Repurchase Agreements		–		486,651		–		486,651
Total	$	650,055,295	$	486,651	$	–	$	650,541,946

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each investment in Underlying Funds. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 1

Schedule of Investments (unaudited)

FOCUSED GROWTH FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.19%
COMMON STOCKS 98.19%
Aerospace & Defense 1.51%
TransDigm Group, Inc.		605	$	544,331
Automobiles 1.97%
Tesla, Inc.*		2,653		709,492
Biotechnology 2.34%
Argenx SE ADR*		1,671		842,986
Broadline Retail 6.07%
Amazon.com, Inc.*		12,018		1,606,566
MercadoLibre, Inc. (Uruguay)*(a)		466		576,932
Total				2,183,498
Communications Equipment 2.37%
Arista Networks, Inc.*		5,492		851,754
Entertainment 5.62%
Netflix, Inc.*		3,121		1,370,025
Spotify Technology SA (Sweden)*(a)		4,361		651,577
Total				2,021,602
Financial Services 1.76%
Mastercard, Inc. Class A		1,604		632,425
Ground Transportation 2.04%
Uber Technologies, Inc.*		14,862		735,075
Health Care Equipment & Supplies 7.41%
Dexcom, Inc.*		7,586		944,912
Intuitive Surgical, Inc.*		2,529		820,408
TransMedics Group, Inc.*		9,652		899,373
Total				2,664,693
Information Technology Services 7.93%
MongoDB, Inc. Class A*		2,627		1,112,272
Shopify, Inc. Class A (Canada)*(a)		25,752		1,740,320
Total				2,852,592

Investments	Shares		Fair Value
Interactive Media & Services 7.06%
Alphabet, Inc. Class A*		9,519	$	1,263,362
Meta Platforms, Inc. Class A*		4,006		1,276,311
Total				2,539,673
Media 3.11%
Trade Desk, Inc. Class A*		12,271		1,119,852
Pharmaceuticals 1.85%
Eli Lilly & Co.		1,466		666,370
Semiconductors & Semiconductor Equipment 20.62%
Advanced Micro Devices, Inc.*		7,185		821,964
Applied Materials, Inc.		5,808		880,435
Lattice Semiconductor Corp.*		11,580		1,053,085
Monolithic Power Systems, Inc.		1,546		864,972
NVIDIA Corp.		8,122		3,795,329
Total				7,415,785
Software 17.11%
Adobe, Inc.*		2,068		1,129,479
Cadence Design Systems, Inc.*		2,885		675,119
HubSpot, Inc.*		1,774		1,029,896
Microsoft Corp.		7,280		2,445,498
ServiceNow, Inc.*		1,497		872,751
Total				6,152,743
Technology Hardware, Storage & Peripherals 7.90%
Apple, Inc.		14,460		2,840,667
Textiles, Apparel & Luxury Goods 1.52%
Lululemon Athletica, Inc. (Canada)*(a)		1,440		545,083
Total Common Stocks (cost $27,028,419)				35,318,621

2 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED GROWTH FUND July 31, 2023

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 2.35%
Repurchase Agreements 2.35%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $1,009,300 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $863,149; proceeds: $846,258 (cost $846,192)	$	846,192	$	846,192
Total Investments in Securities 100.54% (cost $27,874,611)				36,164,813
Other Assets and Liabilities – Net (0.54)%				(192,553	)
Net Assets 100.00%			$	35,972,260

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	35,318,621	$	–	$	–	$	35,318,621
Short-Term Investments
Repurchase Agreements		–		846,192		–		846,192
Total	$	35,318,621	$	846,192	$	–	$	36,164,813

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 3

Schedule of Investments (unaudited)

FOCUSED LARGE CAP VALUE FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.35%
COMMON STOCKS 99.35%
Aerospace & Defense 2.99%
RTX Corp.		7,470	$	656,837
Air Freight & Logistics 3.35%
Expeditors International of Washington, Inc.		5,780		735,794
Automobiles 2.88%
General Motors Co.		16,500		633,105
Banks 6.90%
JPMorgan Chase & Co.		5,780		913,009
Wells Fargo & Co.		13,040		601,926
Total				1,514,935
Biotechnology 3.13%
AbbVie, Inc.		4,590		686,572
Building Products 3.24%
Masco Corp.		11,730		711,776
Capital Markets 7.54%
Charles Schwab Corp.		11,877		785,070
KKR & Co., Inc.		14,650		869,917
Total				1,654,987
Consumer Staples Distribution & Retail 5.23%
BJ’s Wholesale Club Holdings, Inc.*		9,300		616,683
Target Corp.		3,890		530,868
Total				1,147,551
Energy Equipment & Services 3.38%
Schlumberger NV		12,720		742,085
Financial Services 6.35%
Fiserv, Inc.*		5,610		708,038
PayPal Holdings, Inc.*		9,039		685,337
Total				1,393,375

Investments	Shares		Fair Value
Ground Transportation 2.89%
Norfolk Southern Corp.		2,720	$	635,365
Health Care Providers & Services 3.69%
Molina Healthcare, Inc.*		2,660		809,943
Hotels, Restaurants & Leisure 3.44%
Caesars Entertainment, Inc.*		12,790		754,866
Insurance 6.28%
Allstate Corp.		6,460		727,913
RenaissanceRe Holdings Ltd.		3,478		649,551
Total				1,377,464
Interactive Media & Services 3.95%
Alphabet, Inc. Class A*		6,540		867,989
Machinery 3.53%
Parker-Hannifin Corp.		1,890		774,919
Oil, Gas & Consumable Fuels 6.88%
Chesapeake Energy Corp.		6,458		544,668
Pioneer Natural Resources Co.		2,330		525,811
Shell PLC ADR		7,130		439,422
Total				1,509,901
Pharmaceuticals 2.57%
Organon & Co.		25,700		564,886
Real Estate Management & Development 2.32%
CBRE Group, Inc. Class A*		6,120		509,857
Semiconductors & Semiconductor Equipment 3.25%
Micron Technology, Inc.		9,990		713,186
Software 7.85%
Adobe, Inc.*		1,920		1,048,647
Microsoft Corp.		2,010		675,199
Total				1,723,846
Specialty Retail 2.21%
Valvoline, Inc.		12,760		484,497

4 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FOCUSED LARGE CAP VALUE FUND July 31, 2023

Investments	Shares		Fair Value
Trading Companies & Distributors 3.55%
AerCap Holdings NV (Ireland)*(a)		12,210	$	779,120
Wireless Telecommunication Services 1.95%
T-Mobile U.S., Inc.*		3,100		427,087
Total Investments in Securities 99.35% (cost $19,134,203)				21,809,943
Other Assets and Liabilities – Net 0.65%				142,748
Net Assets 100.00%			$	21,952,691

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	21,809,943	$	–	$	–	$	21,809,943
Total	$	21,809,943	$	–	$	–	$	21,809,943

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 5

Schedule of Investments (unaudited)

FOCUSED SMALL CAP VALUE FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.66%
COMMON STOCKS 99.66%
Air Freight & Logistics 0.68%
Radiant Logistics, Inc.*		108,440	$	834,988
Automobile Components 3.85%
Dorman Products, Inc.*		28,856		2,443,815
Gentherm, Inc.*		38,283		2,288,175
Total				4,731,990
Banks 11.14%
Axos Financial, Inc.*		28,215		1,326,105
Bancorp, Inc.*		73,800		2,797,020
First BanCorp		160,196		2,378,911
Prosperity Bancshares, Inc.		33,975		2,151,297
Seacoast Banking Corp. of Florida		77,954		1,926,243
Wintrust Financial Corp.		36,829		3,106,894
Total				13,686,470
Building Products 3.29%
Masonite International Corp.*		38,644		4,040,230
Capital Markets 7.13%
Bridge Investment Group Holdings, Inc. Class A		240,100		3,003,651
CI Financial Corp.(a)		245,200		3,101,608
Moelis & Co. Class A		54,208		2,646,977
Total				8,752,236
Chemicals 2.08%
Element Solutions, Inc.		122,010		2,557,330
Commercial Services & Supplies 4.07%
Brady Corp. Class A		63,383		3,269,295
SP Plus Corp.*		45,118		1,734,787
Total				5,004,082
Construction Materials 1.96%
Eagle Materials, Inc.		13,088		2,413,035

Investments	Shares		Fair Value
Electronic Equipment, Instruments & Components 7.30%
Advanced Energy Industries, Inc.		19,972	$	2,500,095
Belden, Inc.		37,921		3,664,685
Mirion Technologies, Inc. Class A*		370,854		2,799,948
Total				8,964,728
Energy Equipment & Services 2.89%
TechnipFMC PLC (United Kingdom)*(b)		193,919		3,556,474
Financial Services 6.32%
Compass Diversified Holdings		151,174		3,405,950
Euronet Worldwide, Inc.*		18,116		1,591,853
International Money Express, Inc.*		113,977		2,761,663
Total				7,759,466
Health Care Providers & Services 3.84%
AMN Healthcare Services, Inc.*		22,007		2,358,050
Tenet Healthcare Corp.*		31,582		2,360,123
Total				4,718,173
Hotels, Restaurants & Leisure 1.52%
Dave & Buster’s Entertainment, Inc.*		40,800		1,868,640
Household Products 1.97%
Spectrum Brands Holdings, Inc.		30,872		2,420,674
Information Technology Services 1.35%
Perficient, Inc.*		26,061		1,662,431
Insurance 8.01%
Kemper Corp.		66,573		3,393,226
RenaissanceRe Holdings Ltd.		13,127		2,451,598
Stewart Information Services Corp.		43,694		2,059,298
White Mountains Insurance Group Ltd.		1,248		1,930,681
Total				9,834,803

6 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

FOCUSED SMALL CAP VALUE FUND July 31, 2023

Investments	Shares		Fair Value
Interactive Media & Services 2.97%
Cars.com, Inc.*		159,957	$	3,648,619
Leisure Products 2.33%
YETI Holdings, Inc.*		67,085		2,857,821
Life Sciences Tools & Services 0.94%
Medpace Holdings, Inc.*		4,551		1,152,177
Machinery 2.28%
Columbus McKinnon Corp.		66,166		2,801,468
Oil, Gas & Consumable Fuels 4.80%
MEG Energy Corp.*(a)		170,000		3,030,903
Permian Resources Corp. Class A		245,226		2,866,692
Total				5,897,595
Pharmaceuticals 2.81%
Organon & Co.		156,817		3,446,838
Professional Services 4.25%
TrueBlue, Inc.*		112,500		1,681,875
WNS Holdings Ltd. ADR*		51,179		3,536,981
Total				5,218,856
Real Estate Management & Development 2.45%
Marcus & Millichap, Inc.		81,891		3,003,762
Semiconductors & Semiconductor Equipment 2.46%
FormFactor, Inc.*		81,169		3,016,240
Specialty Retail 4.19%
Academy Sports & Outdoors, Inc.		44,043		2,633,331
Boot Barn Holdings, Inc.*		26,729		2,509,853
Total				5,143,184
Trading Companies & Distributors 2.78%
MRC Global, Inc.*		302,805		3,418,668
Total Common Stocks (cost $111,618,182)				122,410,978

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.79%
Repurchase Agreements 0.79%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $1,148,900 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $982,534; proceeds: $963,289 (cost $963,214)	$	963,214	$	963,214
Total Investments in Securities 100.45% (cost $112,581,396)				123,374,192
Other Assets and Liabilities – Net (0.45)%				(548,506	)
Net Assets 100.00%			$	122,825,686

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Investment in non-U.S. dollar denominated securities.
(b)	Foreign security traded in U.S. dollars.

See Notes to Schedule of Investments. 7

Schedule of Investments (unaudited)(concluded)

FOCUSED SMALL CAP VALUE FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	122,410,978	$	–	$	–	$	122,410,978
Short-Term Investments
Repurchase Agreements		–		963,214		–		963,214
Total	$	122,410,978	$	963,214	$	–	$	123,374,192

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

8 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

FUNDAMENTAL EQUITY FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.54%
COMMON STOCKS 99.54%
Aerospace & Defense 3.08%
Lockheed Martin Corp.		62,940	$	28,094,528
RTX Corp.		375,400		33,008,922
Total				61,103,450
Air Freight & Logistics 1.59%
Expeditors International of Washington, Inc.		247,390		31,492,747
Automobiles 1.64%
General Motors Co.		848,170		32,544,283
Banks 5.45%
JPMorgan Chase & Co.		441,010		69,661,940
Wells Fargo & Co.		831,340		38,374,654
Total				108,036,594
Beverages 1.47%
Carlsberg AS Class B(a)		194,790		29,215,017
Biotechnology 2.79%
AbbVie, Inc.		260,290		38,934,178
Biogen, Inc.*		60,380		16,314,072
Total				55,248,250
Building Products 3.29%
Builders FirstSource, Inc.*		210,600		30,416,958
Masco Corp.		574,790		34,878,257
Total				65,295,215
Capital Markets 6.66%
Ameriprise Financial, Inc.		83,580		29,123,451
Charles Schwab Corp.		645,113		42,641,969
KKR & Co., Inc.		487,990		28,976,846
Morgan Stanley		341,430		31,261,331
Total				132,003,597
Chemicals 0.78%
Dow, Inc.		273,060		15,419,698

Investments	Shares		Fair Value
Construction & Engineering 2.08%
EMCOR Group, Inc.	192,000	$	41,287,680
Consumer Finance 1.43%
American Express Co.	167,620		28,307,666
Consumer Staples Distribution & Retail 3.09%
BJ’s Wholesale Club Holdings, Inc.*	540,580		35,845,860
Target Corp.	186,140		25,402,526
Total			61,248,386
Electric: Utilities 2.09%
FirstEnergy Corp.	451,740		17,794,039
NextEra Energy, Inc.	321,220		23,545,426
Total			41,339,465
Electronic Equipment, Instruments & Components 1.08%
Teledyne Technologies, Inc.*	55,550		21,360,642
Energy Equipment & Services 2.45%
Schlumberger NV	833,110		48,603,637
Financial Services 3.39%
Fiserv, Inc.*	265,080		33,455,747
PayPal Holdings, Inc.*	443,880		33,654,981
Total			67,110,728
Ground Transportation 1.55%
Norfolk Southern Corp.	131,460		30,707,741
Health Care Equipment & Supplies 1.28%
Becton Dickinson & Co.	91,170		25,401,785
Health Care Providers & Services 6.41%
Laboratory Corp. of America Holdings	123,010		26,315,529
McKesson Corp.	66,870		26,908,488
Molina Healthcare, Inc.*	100,420		30,576,886
UnitedHealth Group, Inc.	85,620		43,355,399
Total			127,156,302

See Notes to Schedule of Investments. 9

Schedule of Investments (unaudited)(continued)

FUNDAMENTAL EQUITY FUND July 31, 2023

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 1.66%
Caesars Entertainment, Inc.*		558,630	$	32,970,343
Household Products 0.98%
Procter & Gamble Co.		124,350		19,435,905
Industrial REITS 0.98%
Prologis, Inc.		155,830		19,439,793
Insurance 6.15%
Allstate Corp.		343,120		38,662,762
Arch Capital Group Ltd.*		349,880		27,182,177
Arthur J Gallagher & Co.		134,250		28,836,900
RenaissanceRe Holdings Ltd.		146,398		27,341,290
Total				122,023,129
Interactive Media & Services 2.66%
Alphabet, Inc. Class A*		397,530		52,760,182
Life Sciences Tools & Services 1.53%
Fortrea Holdings, Inc.*		123,010		3,931,400
Thermo Fisher Scientific, Inc.		48,000		26,335,680
Total				30,267,080
Machinery 2.02%
Parker-Hannifin Corp.		97,460		39,959,575
Media 1.72%
Comcast Corp. Class A		753,700		34,112,462
Metals & Mining 1.47%
Alcoa Corp.		249,040		9,012,757
Reliance Steel & Aluminum Co.		68,930		20,186,840
Total				29,199,597
Oil, Gas & Consumable Fuels 6.42%
Chesapeake Energy Corp.		463,850		39,121,109
Pioneer Natural Resources Co.		185,790		41,927,229
Shell PLC ADR		750,320		46,242,222
Total				127,290,560

Investments	Shares		Fair Value
Pharmaceuticals 3.22%
Organon & Co.		1,674,120	$	36,797,157
Pfizer, Inc.		751,660		27,104,860
Total				63,902,017
Real Estate Management & Development 1.24%
CBRE Group, Inc. Class A*		295,750		24,638,932
Residential REITS 0.97%
American Homes 4 Rent Class A		513,300		19,238,484
Semiconductors & Semiconductor Equipment 4.18%
KLA Corp.		39,710		20,408,955
Micron Technology, Inc.		491,450		35,084,615
Texas Instruments, Inc.		152,340		27,421,200
Total				82,914,770
Software 4.69%
Adobe, Inc.*		89,200		48,718,364
Microsoft Corp.		131,890		44,304,489
Total				93,022,853
Specialty Retail 3.71%
AutoZone, Inc.*		8,570		21,268,340
Lowe’s Cos., Inc.		103,040		24,139,181
Valvoline, Inc.		741,120		28,140,327
Total				73,547,848
Technology Hardware, Storage & Peripherals 1.74%
NetApp, Inc.		442,460		34,516,305
Trading Companies & Distributors 1.86%
AerCap Holdings NV (Ireland)*(b)		578,410		36,908,342
Wireless Telecommunication Services 0.74%
T-Mobile U.S., Inc.*		106,460		14,666,994
Total Common Stocks (cost $1,556,783,100)				1,973,698,054

10 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

FUNDAMENTAL EQUITY FUND July 31, 2023

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 0.52%
Repurchase Agreements 0.52%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $11,553,300 of U.S. Treasury Note at 2.375% due 5/15/2029; value: $10,557,377; proceeds: $10,351,105 (cost $10,350,300)	$	10,350,300	$	10,350,300
Total Investments in Securities 100.06% (cost $1,567,133,400)				1,984,048,354
Other Assets and Liabilities – Net (0.06)%				(1,191,581	)
Net Assets 100.00%			$	1,982,856,773

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trust.
*	Non-income producing security.
(a)	Investment in non-U.S. dollar denominated securities.
(b)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Beverages	$	–	$	29,215,017	$	–	$	29,215,017
Remaining Industries		1,944,483,037		–		–		1,944,483,037
Short-Term Investments
Repurchase Agreements		–		10,350,300		–		10,350,300
Total	$	1,944,483,037	$	39,565,317	$	–	$	1,984,048,354

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 11

Schedule of Investments (unaudited)

GLOBAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.11%
COMMON STOCKS 97.11%
Australia 2.05%
Diversified REITS 0.97%
Charter Hall Group		19,823	$	152,791
Metals & Mining 1.08%
BHP Group Ltd.		5,417		168,587
Total Australia				321,378
Austria 1.37%
Banks
BAWAG Group AG†*		4,397		214,211
Brazil 1.66%
Broadline Retail
MercadoLibre, Inc.*		210		259,991
Canada 1.75%
Consumer Staples Distribution & Retail
Alimentation Couche-Tard, Inc.		5,428		274,806
China 4.67%
Beverages 0.64%
Kweichow Moutai Co. Ltd. Class A		381		100,567
Broadline Retail 1.74%
Alibaba Group Holding Ltd.*		16,359		209,058
PDD Holdings, Inc. ADR*		707		63,502
				272,560
Gas Utilities 0.64%
ENN Energy Holdings Ltd.		8,263		100,435

Investments	Shares		U.S. $ Fair Value
China (continued)
Interactive Media & Services 1.28%
Tencent Holdings Ltd.		4,349	$	199,885
Marine Transportation 0.37%
SITC International Holdings Co. Ltd.		26,480		58,022
Total China				731,469
Denmark 2.17%
Biotechnology 0.64%
Genmab AS*		245		100,989
Pharmaceuticals 1.53%
Novo Nordisk AS Class B		1,484		239,298
Total Denmark				340,287
France 4.53%
Beverages 0.78%
Pernod Ricard SA		555		122,362
Capital Markets 1.02%
Amundi SA†		2,590		158,936
Life Sciences Tools & Services 0.22%
Sartorius Stedim Biotech		112		35,042
Personal Care Products 0.73%
L’Oreal SA		246		114,417
Professional Services 0.20%
Teleperformance		219		31,763
Textiles, Apparel & Luxury Goods 1.58%
LVMH Moet Hennessy Louis Vuitton SE		267		247,981
Total France				710,501
Hong Kong 0.40%
Insurance
AIA Group Ltd.		6,332		63,350

12 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Ireland 0.82%
Construction Materials
CRH PLC		2,167	$	129,090
Japan 3.06%
Electrical Equipment 0.31%
Fuji Electric Co. Ltd.		1,053		47,606
Electronic Equipment, Instruments & Components 0.55%
Keyence Corp.		193		86,607
Household Durables 0.64%
Sony Group Corp.		1,076		100,785
Machinery 0.75%
Fujitec Co. Ltd.		4,570		117,513
Professional Services 0.81%
TechnoPro Holdings, Inc.		4,924		127,483
Total Japan				479,994
Mexico 1.89%
Banks
Grupo Financiero Banorte SAB de CV Class O		31,337		297,014
Netherlands 2.38%
Oil, Gas & Consumable Fuels 1.69%
Shell PLC		8,762		265,556
Semiconductors & Semiconductor Equipment 0.69%
ASML Holding NV		151		108,157
Total Netherlands				373,713
Peru 1.05%
Banks
Intercorp Financial Services, Inc.		6,678		163,878

Investments	Shares		U.S. $  Fair Value
Singapore 1.53%
Semiconductors & Semiconductor Equipment
STMicroelectronics NV		4,499	$	240,635
South Korea 1.54%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		4,399		240,857
Spain 1.23%
Electric: Utilities
Iberdrola SA		15,444		192,770
Taiwan 1.29%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd.		11,164		201,595
United Kingdom 7.27%
Broadline Retail 2.02%
B&M European Value Retail SA		20,187		143,387
Next PLC		1,918		173,465
				316,852
Capital Markets 0.61%
London Stock Exchange Group PLC		882		95,781
Household Durables 0.40%
Persimmon PLC		4,194		62,352
Personal Care Products 1.56%
Unilever PLC		4,558		244,914
Tobacco 1.40%
Imperial Brands PLC		9,289		219,457
Trading Companies & Distributors 1.28%
Ashtead Group PLC		2,715		200,866
Total United Kingdom				1,140,222

See Notes to Schedule of Investments. 13

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United States 56.45%
Aerospace & Defense 0.63%
TransDigm Group, Inc.		109	$	98,069
Air Freight & Logistics 0.41%
Expeditors International of Washington, Inc.		502		63,905
Automobiles 1.15%
General Motors Co.		4,713		180,838
Banks 1.68%
JPMorgan Chase & Co.		1,665		263,003
Biotechnology 2.01%
Vertex Pharmaceuticals, Inc.*		893		314,640
Broadline Retail 0.90%
Amazon.com, Inc.*		1,055		141,032
Building Products 2.61%
Allegion PLC		1,695		198,078
Builders FirstSource, Inc.*		1,457		210,434
				408,512
Capital Markets 4.73%
Ameriprise Financial, Inc.		828		288,517
Cboe Global Markets, Inc.		1,915		267,487
Evercore, Inc. Class A		1,062		143,434
Morgan Stanley		461		42,209
				741,647
Consumer Staples Distribution & Retail 0.50%
BJ’s Wholesale Club Holdings, Inc.*		1,191		78,975
Containers & Packaging 0.26%
Avery Dennison Corp.		226		41,586
Electric: Utilities 0.32%
NextEra Energy, Inc.		687		50,357

Investments	Shares		U.S. $ Fair Value
United States (continued)
Entertainment 1.44%
Netflix, Inc.*		514	$	225,630
Financial Services 2.51%
Visa, Inc. Class A		1,657		393,919
Ground Transportation 0.50%
Norfolk Southern Corp.		337		78,720
Health Care Equipment & Supplies 1.36%
Dexcom, Inc.*		1,015		126,428
Intuitive Surgical, Inc.*		267		86,615
				213,043
Health Care Providers & Services 2.57%
UnitedHealth Group, Inc.		795		402,564
Household Durables 0.57%
Helen of Troy Ltd.*		629		88,878
Industrial REITS 0.53%
Prologis, Inc.		668		83,333
Information Technology Services 1.21%
Accenture PLC Class A		600		189,810
Interactive Media & Services 7.45%
Alphabet, Inc. Class A*		5,175		686,826
Meta Platforms, Inc. Class A*		1,513		482,042
				1,168,868
Life Sciences Tools & Services 0.76%
Thermo Fisher Scientific, Inc.		217		119,059
Machinery 1.35%
Crane Co.		796		74,577
Crane NXT Co.		1,024		60,570
Parker-Hannifin Corp.		188		77,082
				212,229

14 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

GLOBAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United States (continued)
Oil, Gas & Consumable Fuels 1.81%
Marathon Petroleum Corp.		2,134	$	283,865
Pharmaceuticals 1.00%
Organon & Co.		7,138		156,893
Professional Services 0.88%
Verra Mobility Corp. Class A*		6,595		138,429
Semiconductors & Semiconductor Equipment 3.57%
KLA Corp.		284		145,962
Monolithic Power Systems, Inc.		85		47,557
NVIDIA Corp.		784		366,355
				559,874
Software 8.34%
Adobe, Inc.*		619		338,079
Cadence Design Systems, Inc.*		665		155,616
Microsoft Corp.		2,002		672,512
PowerSchool Holdings, Inc. Class A*		5,840		141,153
				1,307,360
Specialty Retail 1.98%
Academy Sports & Outdoors, Inc.		2,744		164,064
Lowe’s Cos., Inc.		623		145,950
				310,014
Technology Hardware, Storage & Peripherals 3.42%
Apple, Inc.		2,728		535,916
Total United States				8,850,968
Total Common Stocks (cost $12,672,395)				15,226,729

Investments	Principal Amount		U.S. $  Fair Value
SHORT-TERM INVESTMENTS 3.11%
Repurchase Agreements 3.11%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $580,600 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $496,526; proceeds: $486,783 (cost $486,745)	$	486,745	$	486,745
Total Investments in Securities 100.22% (cost $13,159,140)				15,713,474
Other Assets and Liabilities – Net (0.22)%				(33,832	)
Net Assets 100.00%			$	15,679,642

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trust.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2023, the total value of Rule 144A securities was $373,147, which represents 2.38% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 15

Schedule of Investments (unaudited)(concluded)

GLOBAL EQUITY FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Australia	$	–	$	321,378	$	–	$	321,378
Austria		–		214,211		–		214,211
China		63,502		667,967		–		731,469
Denmark		–		340,287		–		340,287
France		–		710,501		–		710,501
Hong Kong		–		63,350		–		63,350
Japan		–		479,994		–		479,994
Netherlands		–		373,713		–		373,713
Singapore		–		240,635		–		240,635
South Korea		–		240,857		–		240,857
Spain		–		192,770		–		192,770
Taiwan		–		201,595		–		201,595
United Kingdom		–		1,140,222		–		1,140,222
Remaining Countries		9,975,747		–		–		9,975,747
Short-Term Investments
Repurchase Agreements		–		486,745		–		486,745
Total	$	10,039,249	$	5,674,225	$	–	$	15,713,474

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

16 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

GROWTH LEADERS FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 98.95%
COMMON STOCKS 98.95%
Aerospace & Defense 1.76%
Axon Enterprise, Inc.*		236,721	$	44,013,535
TransDigm Group, Inc.		62,105		55,877,111
Total				99,890,646
Automobiles 1.78%
Tesla, Inc.*		378,128		101,122,771
Biotechnology 3.46%
Argenx SE ADR*		183,004		92,321,858
Karuna Therapeutics, Inc.* 141,117				28,190,943
Vertex Pharmaceuticals, Inc.*		216,378		76,238,624
Total				196,751,425
Broadline Retail 4.71%
Amazon.com, Inc.*		1,543,735		206,366,495
MercadoLibre, Inc. (Uruguay)*(a)		49,533		61,324,330
Total				267,690,825
Communications Equipment 1.67%
Arista Networks, Inc.*		613,704		95,179,353
Electrical Equipment 1.32%
Rockwell Automation, Inc.		223,620		75,201,170
Entertainment 3.50%
Netflix, Inc.*		294,334		129,203,796
Spotify Technology SA (Sweden)*(a)		467,429		69,838,567
Total				199,042,363
Financial Services 2.42%
Mastercard, Inc. Class A		146,094		57,601,942
Toast, Inc. Class A*		1,424,884		31,447,190
Visa, Inc. Class A		203,805		48,450,563
Total				137,499,695

Investments	Shares		Fair Value
Ground Transportation 2.75%
Old Dominion Freight Line, Inc.		141,861	$	59,509,271
Uber Technologies, Inc.*		1,963,666		97,122,920
Total				156,632,191
Health Care Equipment & Supplies 6.91%
Align Technology, Inc.*		164,090		62,007,970
Dexcom, Inc.*		627,985		78,221,811
IDEXX Laboratories, Inc.*		89,118		49,436,428
Inspire Medical Systems, Inc.*		97,201		27,975,420
Intuitive Surgical, Inc.*		292,477		94,879,539
Shockwave Medical, Inc.*		131,801		34,347,341
TransMedics Group, Inc.*		495,744		46,193,426
Total				393,061,935
Hotels, Restaurants & Leisure 2.34%
Booking Holdings, Inc.*		31,607		93,898,076
Chipotle Mexican Grill, Inc. Class A*		20,032		39,308,393
Total				133,206,469
Information Technology Services 4.55%
MongoDB, Inc. Class A*		247,764		104,903,277
Shopify, Inc. Class A (Canada)*(a)		2,276,117		153,819,987
Total				258,723,264
Interactive Media & Services 7.44%
Alphabet, Inc. Class A*		1,833,419		243,331,369
Meta Platforms, Inc. Class A*		563,333		179,477,894
Total				422,809,263
Machinery 0.77%
Parker-Hannifin Corp.		106,219		43,550,852
Media 2.25%
Trade Desk, Inc. Class A*		1,403,610		128,093,449
Pharmaceuticals 1.22%
Eli Lilly & Co.		153,003		69,547,514

See Notes to Schedule of Investments. 17

Schedule of Investments (unaudited)(continued)

GROWTH LEADERS FUND July 31, 2023

Investments	Shares		Fair Value
Semiconductors & Semiconductor Equipment 18.77%
Advanced Micro Devices, Inc.*		735,003	$	84,084,343
Applied Materials, Inc.		691,318		104,796,896
KLA Corp.		91,350		46,949,333
Lattice Semiconductor Corp.*		819,994		74,570,254
Monolithic Power Systems, Inc.		129,578		72,497,595
NVIDIA Corp.		1,226,924		573,329,316
ON Semiconductor Corp.*		1,033,309		111,339,045
Total				1,067,566,782
Software 21.99%
Adobe, Inc.*		263,537		143,936,003
Cadence Design Systems, Inc.*		362,084		84,731,277
Confluent, Inc. Class A*		1,119,241		38,658,584
Datadog, Inc. Class A*		378,024		44,122,961
DoubleVerify Holdings, Inc.*		1,722,521		72,518,134
Dynatrace, Inc.*		1,768,128		96,698,920
HubSpot, Inc.*		192,348		111,667,632
Microsoft Corp.		1,062,346		356,863,269
Oracle Corp.		363,278		42,587,080
Palo Alto Networks, Inc.*		328,423		82,092,613
ServiceNow, Inc.*		204,329		119,123,807
Synopsys, Inc.*		127,960		57,812,328
Total				1,250,812,608
Technology Hardware, Storage & Peripherals 7.68%
Apple, Inc.		2,222,044		436,520,544
Textiles, Apparel & Luxury Goods 1.66%
Deckers Outdoor Corp.*		52,544		28,567,647
Lululemon Athletica, Inc. (Canada)*(a)		174,360		66,000,491
Total				94,568,138
Total Common Stocks (cost $4,408,473,943)				5,627,471,257

Investments	Principal Amount		Fair Value
SHORT-TERM INVESTMENTS 1.38%
Repurchase Agreements 1.38%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $93,647,500 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $80,086,903; proceeds: $78,522,664 (cost $78,516,557)	$	78,516,557	$	78,516,557
Total Investments in Securities 100.33% (cost $4,486,990,500)				5,705,987,814
Other Assets and Liabilities – Net (0.33)%				(18,517,673	)
Net Assets 100.00%			$	5,687,470,141

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

18 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

GROWTH LEADERS FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	5,627,471,257	$	–	$	–	$	5,627,471,257
Short-Term Investments
Repurchase Agreements		–		78,516,557		–		78,516,557
Total	$	5,627,471,257	$	78,516,557	$	–	$	5,705,987,814

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry. The table above is presented by Investment Type. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 19

Schedule of Investments (unaudited)

HEALTH CARE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.22%
COMMON STOCKS 97.22%
Canada 1.58%
Biotechnology
Xenon Pharmaceuticals, Inc.*		3,438	$	126,931
China 0.64%
Biotechnology
BeiGene Ltd.*		3,117		51,625
Denmark 3.93%
Biotechnology 0.50%
Genmab AS*		98		40,396
Pharmaceuticals 3.43%
Novo Nordisk AS Class B		1,710		275,741
Total Denmark				316,137
France 0.78%
Life Sciences Tools & Services
Sartorius Stedim Biotech		201		62,887
Germany 2.55%
Biotechnology 0.51%
Immatics NV*		3,450		41,089
Health Care Equipment & Supplies 0.91%
Siemens Healthineers AG†		1,254		72,862
Life Sciences Tools & Services 1.13%
Gerresheimer AG		768		90,965
Total Germany				204,916
Italy 0.80%
Life Sciences Tools & Services
Stevanato Group SpA		2,062		64,396

Investments	Shares		U.S. $ Fair Value
Japan 2.54%
Pharmaceuticals
Daiichi Sankyo Co. Ltd.		2,336	$	71,948
Eisai Co. Ltd.		2,094		132,118
				204,066
Netherlands 2.73%
Biotechnology
Argenx SE*		436		219,587
Sweden 0.75%
Life Sciences Tools & Services
Olink Holding AB ADR*		3,179		60,401
Switzerland 1.58%
Health Care Equipment & Supplies
Straumann Holding AG		767		126,918
United Kingdom 4.04%
Pharmaceuticals
AstraZeneca PLC		2,262		324,996
United States 75.30%
Biotechnology 21.33%
89bio, Inc.*		2,186		34,626
Akero Therapeutics, Inc.*		750		32,550
Arcellx, Inc.*		2,742		93,913
Biogen, Inc.*		282		76,194
Bridgebio Pharma, Inc.*		1,278		44,743
Cytokinetics, Inc.*		2,116		70,569
Exact Sciences Corp.*		1,091		106,416
Karuna Therapeutics, Inc.*		609		121,660
Krystal Biotech, Inc.*		1,326		171,187
Legend Biotech Corp. ADR*		1,160		87,603
Madrigal Pharmaceuticals, Inc.*		155		31,822
MoonLake Immunotherapeutics Class A*(a)		1,595		96,992

20 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United States (continued)
Morphic Holding, Inc.*		1,402	$	79,535
Natera, Inc.*		2,028		91,706
Neurocrine Biosciences, Inc.*		642		65,413
Regeneron Pharmaceuticals, Inc.*		58		43,031
Replimune Group, Inc.*		1,750		36,872
Roivant Sciences Ltd.*		4,418		52,928
Sarepta Therapeutics, Inc.*		725		78,583
Vertex Pharmaceuticals, Inc.*		718		252,980
Viking Therapeutics, Inc.*		3,148		45,646
				1,714,969
Health Care Equipment & Supplies 26.33%
Abbott Laboratories		672		74,814
Align Technology, Inc.*		274		103,542
Axonics, Inc.*		1,101		66,467
Boston Scientific Corp.*		1,891		98,048
Cooper Cos., Inc.		209		81,773
Dexcom, Inc.*		1,559		194,189
Glaukos Corp.*		1,891		145,872
IDEXX Laboratories, Inc.*		259		143,675
Inspire Medical Systems, Inc.*		450		129,515
Insulet Corp.*		466		128,966
Intuitive Surgical, Inc.*		737		239,083
iRhythm Technologies, Inc.*		620		65,137
Lantheus Holdings, Inc.*		1,031		89,171
Penumbra, Inc.*		330		100,109
RxSight, Inc.*		2,249		75,049
Shockwave Medical, Inc.*		351		91,471
Stryker Corp.		523		148,223
TransMedics Group, Inc.*		1,529		142,472
				2,117,576
Health Care Providers & Services 6.68%
Humana, Inc.		179		81,773
Laboratory Corp. of America Holdings		237		50,701
Molina Healthcare, Inc.*		172		52,372

Investments	Shares		U.S. $ Fair Value
United States (continued)
R1 RCM, Inc.*		2,884	$	49,835
UnitedHealth Group, Inc.		597		302,303
				536,984
Health Care Technology 1.25%
Evolent Health, Inc. Class A*		1,745		53,031
Phreesia, Inc.*		1,503		47,675
				100,706
Life Sciences Tools & Services 6.51%
10X Genomics, Inc. Class A*		2,191		137,989
Danaher Corp.		342		87,230
Fortrea Holdings, Inc.*		237		7,575
Pacific Biosciences of California, Inc.*		4,880		64,465
Thermo Fisher Scientific, Inc.		117		64,193
West Pharmaceutical Services, Inc.		439		161,570
				523,022
Pharmaceuticals 13.20%
Aclaris Therapeutics, Inc.*		4,200		41,454
Eli Lilly & Co.		1,059		481,368
Intra-Cellular Therapies, Inc.*		1,376		85,092
Merck & Co., Inc.		2,408		256,813
Pliant Therapeutics, Inc.*		3,038		54,198
Ventyx Biosciences, Inc.*		3,844		142,420
				1,061,345
Total United States				6,054,602
Total Common Stocks (cost $6,601,086)				7,817,462

See Notes to Schedule of Investments. 21

Schedule of Investments (unaudited)(continued)

HEALTH CARE FUND July 31, 2023

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 3.00%
Repurchase Agreements 1.78%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $170,300 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $145,640; proceeds: $142,742 (cost $142,731)	$	142,731	$	142,731
Money Market Fund 1.10%
Fidelity Government Portfolio(b) (cost $88,819)		88,819		88,819

Investments	Shares		U.S. $ Fair Value
Time Deposit 0.12%
CitiBank N.A.(b) (cost $9,869)		9,869	$	9,869
Total Short-Term Investments (cost $241,419)				241,419
Total Investments in Securities 100.22% (cost $6,842,505)				8,058,881
Other Assets and Liabilities – Net (0.22)%				(17,547	)
Net Assets 100.00%			$	8,041,334

ADR	American Depositary Receipt.
*	Non-income producing security.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2023, the total value of Rule 144A securities was $72,862, which represents 0.91% of net assets.
(a)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(b)	Security was purchased with the cash collateral from loaned securities.

22 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

HEALTH CARE FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
China	$	–	$	51,625	$	–	$	51,625
Denmark		–		316,137		–		316,137
France		–		62,887		–		62,887
Germany		41,089		163,827		–		204,916
Japan		–		204,066		–		204,066
Netherlands		–		219,587		–		219,587
Switzerland		–		126,918		–		126,918
United Kingdom		–		324,996		–		324,996
Remaining Countries		6,306,330		–		–		6,306,330
Short-Term Investments
Repurchase Agreements		–		142,731		–		142,731
Money Market Funds		88,819		–		–		88,819
Time Deposits		–		9,869		–		9,869
Total	$	6,436,238	$	1,622,643	$	–	$	8,058,881

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 23

Schedule of Investments (unaudited)

INTERNATIONAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 98.20%
COMMON STOCKS 98.20%
Australia 1.62%
Metals & Mining
BHP Group Ltd.		177,654	$	5,528,924
Brazil 0.86%
Broadline Retail
MercadoLibre, Inc.*		2,382		2,949,035
Canada 1.44%
Ground Transportation 0.76%
Canadian Pacific Kansas City Ltd.		31,500		2,591,855
Metals & Mining 0.68%
Teck Resources Ltd. Class B		52,358		2,326,266
Total Canada				4,918,121
China 4.78%
Automobiles 0.80%
BYD Co. Ltd. Class H		77,000		2,742,587
Beverages 1.14%
China Resources Beer Holdings Co. Ltd.		294,000		1,894,204
Kweichow Moutai Co. Ltd. Class A		7,600		2,006,063
				3,900,267
Broadline Retail 1.56%
Alibaba Group Holding Ltd.*		417,600		5,336,668
Interactive Media & Services 1.28%
Tencent Holdings Ltd.		95,200		4,375,499
Total China				16,355,021

Investments	Shares		U.S. $ Fair Value
Denmark 3.80%
Air Freight & Logistics 0.76%
DSV AS		13,048	$	2,611,427
Biotechnology 0.60%
Genmab AS*		4,967		2,047,395
Pharmaceuticals 2.44%
Novo Nordisk AS Class B		51,700		8,336,738
Total Denmark				12,995,560
France 14.60%
Aerospace & Defense 1.01%
Airbus SE		23,350		3,439,455
Banks 0.66%
BNP Paribas SA		34,179		2,254,030
Beverages 1.44%
Pernod Ricard SA		14,605		3,219,987
Remy Cointreau SA*		9,878		1,695,924
				4,915,911
Building Products 1.01%
Cie de Saint-Gobain		51,253		3,466,310
Chemicals 1.37%
Air Liquide SA		26,011		4,676,622
Diversified Telecommunication Services 0.72%
Orange SA		217,900		2,463,106
Hotels, Restaurants & Leisure 1.00%
Accor SA		90,909		3,430,181
Insurance 1.05%
AXA SA		117,105		3,599,673
Oil, Gas & Consumable Fuels 1.23%
TotalEnergies SE		69,384		4,215,529

24 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
France (continued)
Personal Care Products 1.77%
L’Oreal SA		13,008	$	6,050,143
Textiles, Apparel & Luxury Goods 3.34%
Hermes International		1,491		3,299,978
LVMH Moet Hennessy Louis Vuitton SE		8,768		8,143,433
				11,443,411
Total France				49,954,371
Germany 5.18%
Diversified Telecommunication
Services 1.30%
Deutsche Telekom AG		204,776		4,464,369
Insurance 1.52%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		13,817		5,201,353
Life Sciences Tools & Services 1.24%
Gerresheimer AG		35,819		4,242,538
Software 1.12%
SAP SE		28,028		3,823,343
Total Germany				17,731,603
Greece 0.64%
Banks
National Bank of Greece SA*		319,558		2,200,704
Hong Kong 1.89%
Insurance
AIA Group Ltd.		375,682		3,758,599
Prudential PLC		196,468		2,728,218
				6,486,817
India 3.77%
Automobiles 0.70%
Maruti Suzuki India Ltd.		19,905		2,378,707

Investments	Shares		U.S. $ Fair Value
India (continued)
Banks 1.62%
Federal Bank Ltd.*		1,347,467	$	2,225,680
ICICI Bank Ltd. ADR		135,732		3,334,935
				5,560,615
Financial Services 0.03%
Jio Financial Services Ltd.*		65,818		106,431	(a)
Oil, Gas & Consumable Fuels 0.60%
Reliance Industries Ltd.		65,818		2,043,185
Wireless Telecommunication Services 0.82%
Bharti Airtel Ltd.		259,485		2,810,215
Total India				12,899,153
Indonesia 0.72%
Banks
Bank Negara Indonesia Persero Tbk PT		4,188,600		2,465,840
Ireland 1.91%
Banks 0.80%
Bank of Ireland Group PLC		259,054		2,733,229
Construction Materials 1.11%
CRH PLC		60,429		3,616,484
CRH PLC		2,879		171,505
				3,787,989
Total Ireland				6,521,218
Italy 1.62%
Banks 0.66%
UniCredit SpA		88,626		2,244,032
Electric: Utilities 0.96%
Enel SpA		478,358		3,298,373
Total Italy				5,542,405

See Notes to Schedule of Investments. 25

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Japan 17.38%
Automobile Components 0.92%
Denso Corp.		45,300	$	3,154,125
Automobiles 1.53%
Toyota Motor Corp.		312,000		5,245,890
Banks 1.32%
Sumitomo Mitsui Financial Group, Inc.		96,300		4,511,814
Beverages 1.00%
Asahi Group Holdings Ltd.		87,300		3,431,698
Consumer Staples Distribution & Retail 0.96%
Seven & i Holdings Co. Ltd.		79,400		3,293,915
Electrical Equipment 0.87%
Fuji Electric Co. Ltd.		66,100		2,988,353
Electronic Equipment, Instruments & Components 1.60%
Ibiden Co. Ltd.		26,800		1,628,884
Keyence Corp.		8,600		3,859,181
				5,488,065
Household Durables 1.67%
Sony Group Corp.		60,900		5,704,273
Industrial Conglomerates 1.43%
Hitachi Ltd.		74,600		4,883,650
Information Technology Services 0.72%
Obic Co. Ltd.		15,000		2,454,602
Machinery 1.49%
Ebara Corp.		53,700		2,537,755
Fujitec Co. Ltd.		99,200		2,550,841
				5,088,596
Personal Care Products 0.71%
Shiseido Co. Ltd.		55,600		2,437,730
Pharmaceuticals 0.49%
Daiichi Sankyo Co. Ltd.		54,000		1,663,179

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Professional Services 0.70%
TechnoPro Holdings, Inc.		91,900	$	2,379,296
Semiconductors & Semiconductor Equipment 0.44%
Advantest Corp.		11,000		1,521,408
Trading Companies & Distributors 1.53%
ITOCHU Corp.		129,000		5,217,443
Total Japan				59,464,037
Mexico 2.36%
Banks 1.05%
Grupo Financiero Banorte SAB de CV Class O		377,717		3,580,022
Real Estate Management & Development 0.50%
Corp. Inmobiliaria Vesta SAB de CV ADR		47,000		1,704,690
Transportation Infrastructure 0.81%
Grupo Aeroportuario del Pacifico SAB de CV Class B		146,200		2,785,614
Total Mexico				8,070,326
Netherlands 6.18%
Banks 1.09%
ING Groep NV		256,414		3,742,789
Beverages 0.40%
Heineken NV		14,111		1,381,205
Oil, Gas & Consumable Fuels 1.99%
Shell PLC		224,369		6,800,120
Semiconductors & Semiconductor Equipment 2.70%
ASML Holding NV(b)		10,525		7,538,729
BE Semiconductor Industries NV		14,200		1,695,460
				9,234,189
Total Netherlands				21,158,303

26 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Peru 0.68%
Banks
Credicorp Ltd.		14,741	$	2,315,074
Philippines 0.66%
Banks
BDO Unibank, Inc.		850,000		2,247,868
Singapore 1.09%
Semiconductors & Semiconductor Equipment
STMicroelectronics NV		69,598		3,722,543
South Africa 0.38%
Metals & Mining
Anglo American PLC		42,205		1,297,879
South Korea 1.47%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		91,797		5,026,127
Spain 2.08%
Banks 0.87%
CaixaBank SA		740,094		2,993,829
Specialty Retail 1.21%
Industria de Diseno Textil SA		107,946		4,131,937
Total Spain				7,125,766
Sweden 3.10%
Automobile Components 0.60%
Autoliv, Inc. SDR		20,495		2,044,416
Building Products 0.50%
Nibe Industrier AB Class B		189,124		1,703,584

Investments	Shares		U.S. $ Fair Value
Sweden (continued)
Machinery 2.00%
Atlas Copco AB Class A		291,843	$	4,145,888
Sandvik AB		133,562		2,712,981
				6,858,869
Total Sweden				10,606,869
Switzerland 4.48%
Food Products 0.89%
Chocoladefabriken Lindt & Spruengli AG		249		3,045,327
Health Care Equipment & Supplies 1.04%
Alcon, Inc.		41,814		3,558,021
Machinery 0.52%
VAT Group AG†		4,200		1,785,197
Pharmaceuticals 0.90%
Novartis AG Registered Shares		29,433		3,081,551
Textiles, Apparel & Luxury Goods 1.13%
Cie Financiere Richemont SA Class A		23,940		3,855,125
Total Switzerland				15,325,221
Taiwan 3.69%
Electronic Equipment, Instruments & Components 0.48%
Unimicron Technology Corp.		279,000		1,647,162
Semiconductors & Semiconductor Equipment 3.21%
Realtek Semiconductor Corp.		121,000		1,661,829
Taiwan Semiconductor Manufacturing Co. Ltd.		516,230		9,321,874
				10,983,703
Total Taiwan				12,630,865

See Notes to Schedule of Investments. 27

Schedule of Investments (unaudited)(continued)

INTERNATIONAL EQUITY FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United Kingdom 6.18%
Banks 1.18%
HSBC Holdings PLC		485,441	$	4,032,273
Commercial Services & Supplies 1.01%
Rentokil Initial PLC		423,157		3,450,489
Electric: Utilities 0.84%
SSE PLC(b)		132,800		2,871,552
Industrial REITS 0.51%
Segro PLC		177,756		1,741,930
Pharmaceuticals 1.74%
AstraZeneca PLC		41,528		5,966,585
Trading Companies & Distributors 0.90%
Ashtead Group PLC		41,804		3,092,818
Total United Kingdom				21,155,647
United States 5.64%
Electrical Equipment 1.56%
Schneider Electric SE		30,034		5,357,226
Food Products 1.01%
Nestle SA Registered Shares		28,284		3,465,331
Pharmaceuticals 2.38%
Eli Lilly & Co.		8,600		3,909,130
Sanofi		39,597		4,224,387
				8,133,517
Semiconductors & Semiconductor Equipment 0.69%
NVIDIA Corp.		5,049		2,359,347
Total United States				19,315,421
Total Common Stocks (cost $290,607,032)				336,010,718

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 3.11%
Repurchase Agreements 1.17%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $4,774,400 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $4,083,044; proceeds: $4,003,285 (cost $4,002,974)	$	4,002,974	$	4,002,974
		Shares
Money Market Funds 1.74%
Fidelity Government Portfolio(c) (cost $5,963,979)		5,963,979		5,963,979
Time Deposits 0.20%
CitiBank N.A.(c) (cost $662,664)		662,664		662,664
Total Short-Term Investments (cost $10,629,617)				10,629,617
Total Investments in Securities 101.31% (cost $301,236,649)				346,640,335
Other Assets and Liabilities – Net (1.31)%				(4,465,927	)
Net Assets 100.00%			$	342,174,408

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trusts.
SDR	Swedish Depository Receipt.
*	Non-income producing security.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2023, the total value of Rule 144A securities was $1,785,197, which represents 0.52% of net assets.
(a)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security fair valued by the Pricing Committee.
(b)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(c)	Security was purchased with the cash collateral from loaned securities.

28 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL EQUITY FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	2,949,035	$	–	$	–	$	2,949,035
Canada		4,918,121		–		–		4,918,121
India		3,334,935		9,457,787		106,431		12,899,153
Ireland		2,904,734		3,616,484		–		6,521,218
Mexico		8,070,326		–		–		8,070,326
Peru		2,315,074		–		–		2,315,074
United States		6,268,477		13,046,944		–		19,315,421
Remaining Countries		–		279,022,370		–		279,022,370
Short-Term Investments
Repurchase Agreements		–		4,002,974		–		4,002,974
Money Market Funds		5,963,979		–		–		5,963,979
Time Deposits		–		662,664		–		662,664
Total	$	36,724,681	$	309,809,223	$	106,431	$	346,640,335

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.

See Notes to Schedule of Investments. 29

Schedule of Investments (unaudited)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.74%
COMMON STOCKS 97.74%
Australia 1.64%
Automobile Components 0.87%
GUD Holdings Ltd.		431,463	$	2,897,925
Professional Services 0.77%
IPH Ltd.		486,914		2,591,950
Total Australia				5,489,875
Austria 2.34%
Banks 0.98%
BAWAG Group AG†*		66,863		3,257,392
Machinery 1.36%
ANDRITZ AG		86,376		4,560,478
Total Austria				7,817,870
Belgium 1.25%
Health Care REITS 0.49%
Aedifica SA		24,054		1,652,051
Industrial REITS 0.76%
Warehouses De Pauw CVA		85,616		2,529,719
Total Belgium				4,181,770
Canada 7.08%
Capital Markets 0.69%
CI Financial Corp.(a)		180,600		2,284,464
Gas Utilities 2.65%
Brookfield Infrastructure Corp. Class A		189,800		8,876,477
Metals & Mining 1.23%
Alamos Gold, Inc. Class A		185,800		2,295,288
Capstone Copper Corp.*		348,500		1,820,927
				4,116,215

Investments	Shares		U.S. $ Fair Value
Canada (continued)
Oil, Gas & Consumable Fuels 1.06%
MEG Energy Corp.*		198,600	$	3,540,808
Paper & Forest Products 0.79%
Interfor Corp.*		148,100		2,650,559
Real Estate Management & Development 0.66%
Tricon Residential, Inc.		237,000		2,214,264
Total Canada				23,682,787
China 0.54%
Marine Transportation
SITC International Holdings Co. Ltd.		830,000		1,818,659
Egypt 1.06%
Oil, Gas & Consumable Fuels
Energean PLC		239,685		3,562,003
France 5.80%
Beverages 0.79%
Remy Cointreau SA*		15,332		2,631,865
Construction Materials 0.84%
Vicat SA		82,844		2,816,080
Entertainment 0.91%
Ubisoft Entertainment SA*		90,990		3,060,147
Oil, Gas & Consumable Fuels 1.31%
Gaztransport Et Technigaz SA		36,003		4,391,043
Personal Care Products 1.41%
Interparfums SA		65,270		4,711,082
Software 0.54%
Esker SA		10,875		1,806,200
Total France				19,416,417

30 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Germany 5.97%
Aerospace & Defense 0.72%
Montana Aerospace AG†*		152,962	$	2,407,514
Life Sciences Tools & Services 1.93%
Gerresheimer AG		54,562		6,462,530
Media 1.10%
Stroeer SE & Co. KGaA		76,136		3,682,046
Semiconductors & Semiconductor Equipment 0.88%
AIXTRON SE		73,636		2,921,337
Wireless Telecommunication Services 1.34%
Freenet AG		181,579		4,494,656
Total Germany				19,968,083
Hong Kong 0.36%
Hotels, Restaurants & Leisure
Melco International Development Ltd.*		1,144,000		1,213,750
Iceland 0.53%
Machinery
Marel HF†		537,909		1,774,293
India 3.40%
Banks 1.53%
Federal Bank Ltd.*		3,098,561		5,118,050
Commercial Services & Supplies 0.65%
CMS Info Systems Ltd.		450,041		2,186,239
Real Estate Management & Development 1.22%
Phoenix Mills Ltd.		193,809		4,080,284
Total India				11,384,573
Indonesia 1.78%
Banks 0.84%
Bank Tabungan Negara Persero Tbk PT		32,387,800		2,825,544

Investments	Shares		U.S. $ Fair Value
Indonesia (continued)
Real Estate Management & Development 0.94%
Pakuwon Jati Tbk PT		98,687,500	$	3,144,187
Total Indonesia				5,969,731
Ireland 0.80%
Hotels, Restaurants & Leisure
Dalata Hotel Group PLC*		575,093		2,690,500
Israel 0.54%
Capital Markets
Tel Aviv Stock Exchange Ltd.*		341,428		1,818,321
Italy 3.47%
Automobile Components 0.41%
Brembo SpA		96,759		1,369,592
Construction Materials 0.31%
Buzzi SpA		36,569		1,039,213
Financial Services 1.10%
Banca Mediolanum SpA		378,690		3,679,700
Textiles, Apparel & Luxury Goods 1.65%
Brunello Cucinelli SpA		46,149		3,901,919
Salvatore Ferragamo SpA(a)		98,785		1,608,767
				5,510,686
Total Italy				11,599,191
Japan 25.10%
Banks 0.78%
Shizuoka Financial Group, Inc.		312,600		2,610,868
Beverages 1.08%
Coca-Cola Bottlers Japan Holdings, Inc.		314,100		3,617,264

See Notes to Schedule of Investments. 31

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Building Products 1.31%
Sanwa Holdings Corp.		322,200	$	4,381,962
Chemicals 2.40%
Aica Kogyo Co. Ltd.		141,300		3,357,429
Kansai Paint Co. Ltd.		284,900		4,669,892
				8,027,321
Construction & Engineering 0.93%
SHO-BOND Holdings Co. Ltd.		76,800		3,119,231
Distributors 1.47%
PALTAC Corp.		146,300		4,915,489
Electronic Equipment, Instruments & Components 0.79%
Taiyo Yuden Co. Ltd.		88,300		2,633,045
Food Products 1.47%
Nichirei Corp.		216,500		4,939,207
Hotels, Restaurants & Leisure 1.07%
Saizeriya Co. Ltd.		112,600		3,580,412
Industrial REITS 0.67%
GLP J-REIT		2,268		2,234,352
Information Technology Services 3.75%
NS Solutions Corp.		150,400		3,947,339
Simplex Holdings, Inc.		252,100		5,090,007
Zuken, Inc.		120,800		3,521,415
				12,558,761
Machinery 3.26%
DMG Mori Co. Ltd.		190,700		3,244,932
Fujitec Co. Ltd.		144,100		3,705,405
OSG Corp.		297,300		3,962,738
				10,913,075
Media 0.50%
Kadokawa Corp.		67,800		1,680,613

Investments	Shares		U.S. $ Fair Value
Japan (continued)
Professional Services 0.91%
TechnoPro Holdings, Inc.		118,200	$	3,060,204
Semiconductors & Semiconductor Equipment 0.49%
Ferrotec Holdings Corp.		68,000		1,641,865
Software 2.72%
Money Forward, Inc.*		107,400		4,645,720
OBIC Business Consultants Co. Ltd.		106,100		4,456,185
				9,101,905
Wireless Telecommunication Services 1.50%
Okinawa Cellular Telephone Co.		237,200		5,010,876
Total Japan				84,026,450
Mexico 2.36%
Capital Markets 0.51%
Bolsa Mexicana de Valores SAB de CV		807,100		1,711,081
Consumer Finance 0.78%
Gentera SAB de CV		2,002,820		2,597,865
Real Estate Management & Development 1.07%
Corp. Inmobiliaria Vesta SAB de CV		496,800		1,802,365
Corp. Inmobiliaria Vesta SAB de CV ADR(a)		49,181		1,783,795
				3,586,160
Total Mexico				7,895,106
Netherlands 0.85%
Semiconductors & Semiconductor Equipment
BE Semiconductor Industries NV		23,943		2,858,761

32 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
New Zealand 1.22%
Passenger Airlines
Air New Zealand Ltd.*		8,339,526	$	4,094,671
Norway 0.58%
Semiconductors & Semiconductor Equipment
Nordic Semiconductor ASA*		132,504		1,951,366
Peru 0.66%
Banks
Intercorp Financial Services, Inc.		89,356		2,192,796
Portugal 1.68%
Multi-Utilities
REN - Redes Energeticas Nacionais SGPS SA		2,064,820		5,638,269
South Korea 2.12%
Chemicals 1.09%
Soulbrain Co. Ltd.		16,998		3,636,622
Semiconductors & Semiconductor Equipment 1.03%
WONIK IPS Co. Ltd.		116,798		3,460,539
Total South Korea				7,097,161
Spain 2.99%
Banks 0.91%
Banco de Sabadell SA		2,462,119		3,034,248
Containers & Packaging 1.24%
Vidrala SA		40,903		4,164,400
Professional Services 0.84%
Applus Services SA		260,637		2,795,991
Total Spain				9,994,639

Investments	Shares		U.S. $ Fair Value
Sweden 2.50%
Automobile Components 1.05%
Autoliv, Inc. SDR		35,136	$	3,504,884
Commercial Services & Supplies 0.92%
Loomis AB Class B		105,777		3,085,785
Consumer Staples Distribution & Retail 0.53%
Axfood AB		69,943		1,782,063
Total Sweden				8,372,732
Switzerland 2.47%
Containers & Packaging 0.86%
SIG Group AG*		107,363		2,870,206
Life Sciences Tools & Services 1.13%
Tecan Group AG Registered Shares		9,510		3,784,326
Machinery 0.48%
Sulzer AG Registered Shares		16,456		1,615,512
Total Switzerland				8,270,044
Taiwan 0.83%
Semiconductors & Semiconductor Equipment
Realtek Semiconductor Corp.		203,000		2,788,027
United Kingdom 17.82%
Aerospace & Defense 2.71%
Chemring Group PLC		1,351,488		4,917,113
Senior PLC		1,942,214		4,152,570
				9,069,683
Beverages 1.62%
Britvic PLC		489,652		5,435,068
Biotechnology 0.51%
Genus PLC		53,703		1,698,718

See Notes to Schedule of Investments. 33

Schedule of Investments (unaudited)(continued)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)
Broadline Retail 1.82%
B&M European Value Retail SA		856,118	$	6,080,930
Capital Markets 1.77%
Man Group PLC		1,930,110		5,916,927
Construction Materials 0.79%
Breedon Group PLC		569,923		2,662,334
Electronic Equipment, Instruments & Components 0.49%
Spectris PLC		36,248		1,635,782
Food Products 1.28%
Tate & Lyle PLC		448,329		4,295,083
Health Care Equipment & Supplies 0.74%
ConvaTec Group PLC†		927,138		2,483,933
Health Care REITS 1.03%
Assura PLC		5,662,878		3,441,865
Household Durables 0.33%
Persimmon PLC		73,867		1,098,175
Insurance 1.11%
Lancashire Holdings Ltd.		484,071		3,705,044
Machinery 1.03%
Concentric AB		193,053		3,441,289
Pharmaceuticals 0.67%
Dechra Pharmaceuticals PLC		47,378		2,258,624
Specialty Retail 1.15%
WH Smith PLC		200,107		3,836,206
Trading Companies & Distributors 0.77%
Grafton Group PLC		229,957		2,584,914
Total United Kingdom				59,644,575
Total Common Stocks (cost $311,197,402)				327,212,420

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 2.43%
Repurchase Agreements 1.98%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $7,395,500 of U.S. Treasury Note at 2.375% due 5/15/2029; value: $6,757,990; proceeds: $6,625,990 (cost $6,625,475)	$	6,625,475	$	6,625,475
	Shares
Money Market Funds 0.41%
Fidelity Government Portfolio(b) (cost $1,358,811)		1,358,811		1,358,811
Time Deposits 0.04%
CitiBank N.A.(b) (cost $150,979)		150,979		150,979
Total Short-Term Investments (cost $8,135,265)				8,135,265
Total Investments in Securities 100.17% (cost $319,332,667)				335,347,685
Other Assets and Liabilities – Net (0.17)%				(578,419	)
Net Assets 100.00%			$	334,769,266

ADR	American Depositary Receipt.
SDR	Swedish Depository Receipt.
REITS	Real Estate Investment Trust.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2023, the total value of Rule 144A securities was $9,923,132, which represents 2.96% of net assets.
*	Non-income producing security.
(a)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(b)	Security was purchased with the cash collateral from loaned securities.

34 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL OPPORTUNITIES FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	23,682,787	$	–	$	–	$	23,682,787
Egypt		3,562,003		–		–		3,562,003
Iceland		1,774,293		–		–		1,774,293
Ireland		2,690,500		–		–		2,690,500
Japan		1,641,865		82,384,585		–		84,026,450
Mexico		7,895,106		–		–		7,895,106
Peru		2,192,796		–		–		2,192,796
Sweden		1,782,063		6,590,669		–		8,372,732
United Kingdom		22,053,879		37,590,696		–		59,644,575
Remaining Countries		–		133,371,178		–		133,371,178
Short-Term Investments
Repurchase Agreements		–		6,625,475		–		6,625,475
Money Market Funds		1,358,811		–		–		1,358,811
Time Deposits		–		150,979		–		150,979
Total	$	68,634,103	$	266,713,582	$	–	$	335,347,685

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 35

Schedule of Investments (unaudited)

INTERNATIONAL VALUE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 98.50%
COMMON STOCKS 98.50%
Australia 3.87%
Industrial REITS 1.02%
Goodman Group		301,299	$	4,166,107
Metals & Mining 2.85%
BHP Group Ltd.		373,591		11,626,849
Total Australia				15,792,956
Austria 2.69%
Banks
BAWAG Group AG†*		86,229		4,200,854
Erste Group Bank AG		179,266		6,775,515
				10,976,369
Canada 3.43%
Insurance 1.29%
Manulife Financial Corp.		263,900		5,275,399
Metals & Mining 0.89%
Teck Resources Ltd. Class B		81,900		3,638,344
Oil, Gas & Consumable Fuels 1.25%
Pembina Pipeline Corp.		161,333		5,107,991
Total Canada				14,021,734
China 1.56%
Broadline Retail 0.92%
Alibaba Group Holding Ltd.*		294,300		3,760,971
Specialty Retail 0.64%
Topsports International Holdings Ltd.†		2,821,000		2,607,646
Total China				6,368,617

Investments	Shares		U.S. $ Fair Value
Egypt 0.83%
Oil, Gas & Consumable Fuels
Energean PLC		228,588	$	3,397,089
France 12.22%
Aerospace & Defense 2.69%
Airbus SE		32,029		4,717,872
Thales SA		42,073		6,293,691
				11,011,563
Banks 1.75%
BNP Paribas SA		108,221		7,136,937
Building Products 1.04%
Cie de Saint-Gobain		63,139		4,270,176
Capital Markets 0.98%
Amundi SA†		65,045		3,991,515
Diversified Telecommunication Services 2.16%
Orange SA		779,428		8,810,525
Gas Utilities 0.68%
Rubis SCA		113,621		2,801,705
Insurance 1.94%
AXA SA		257,499		7,915,223
Textiles, Apparel & Luxury Goods 0.98%
Kering SA		6,957		3,994,468
Total France				49,932,112
Germany 4.16%
Air Freight & Logistics 1.43%
DHL Group Registered Shares		113,721		5,847,899
Chemicals 0.54%
Covestro AG†*		40,952		2,199,896

36 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Germany (continued)
Health Care Providers & Services 0.86%
Fresenius SE & Co. KGaA		112,039	$	3,516,023
Pharmaceuticals 1.33%
Bayer AG Registered Shares		92,850		5,430,186
Total Germany				16,994,004
Hong Kong 1.24%
Insurance
Prudential PLC		364,966		5,068,037
India 1.48%
Banks 1.08%
Federal Bank Ltd.*		2,664,011		4,400,282
Oil, Gas & Consumable Fuels 0.40%
Petronet LNG Ltd.		583,305		1,658,411
Total India				6,058,693
Indonesia 0.83%
Banks
Bank Negara Indonesia Persero Tbk PT		5,749,300		3,384,628
Ireland 3.08%
Banks 1.36%
Bank of Ireland Group PLC		526,218		5,552,024
Construction Materials 1.72%
CRH PLC		118,291		7,046,705
Total Ireland				12,598,729
Italy 1.95%
Electric: Utilities
Enel SpA		1,156,064		7,971,289

Investments	Shares		U.S. $ Fair Value
Japan 19.35%
Automobile Components 0.92%
Denso Corp.		54,000	$	3,759,884
Automobiles 2.60%
Toyota Motor Corp.		631,300		10,614,520
Banks 2.46%
Sumitomo Mitsui Financial Group, Inc.		214,500		10,049,678
Beverages 2.03%
Asahi Group Holdings Ltd.		211,500		8,313,907
Building Products 1.03%
Sanwa Holdings Corp.		308,900		4,201,081
Electrical Equipment 1.34%
Fuji Electric Co. Ltd.		121,200		5,479,401
Electronic Equipment, Instruments & Components 1.01%
Murata Manufacturing Co. Ltd.		69,600		4,134,358
Financial Services 0.88%
ORIX Corp.		186,200		3,581,840
Household Durables 1.39%
Sony Group Corp.		60,500		5,666,807
Industrial Conglomerates 1.57%
Hitachi Ltd.		98,400		6,441,705
Machinery 2.45%
Ebara Corp.		126,200		5,963,960
Fujitec Co. Ltd.		157,000		4,037,117
				10,001,077
Trading Companies & Distributors 1.67%
ITOCHU Corp.		168,800		6,827,166
Total Japan				79,071,424

See Notes to Schedule of Investments. 37

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
Mexico 1.81%
Banks 0.98%
Grupo Financiero Banorte SAB de CV Class O		423,566	$	4,014,581
Transportation Infrastructure 0.83%
Grupo Aeroportuario del Pacifico SAB de CV Class B		177,800		3,387,703
Total Mexico				7,402,284
Netherlands 5.87%
Consumer Staples Distribution & Retail 1.64%
Koninklijke Ahold Delhaize NV		194,137		6,691,634
Oil, Gas & Consumable Fuels 4.23%
Shell PLC ADR		280,792		17,305,211
Total Netherlands				23,996,845
Singapore 2.46%
Banks 1.30%
United Overseas Bank Ltd.		234,800		5,326,081
Semiconductors & Semiconductor Equipment 1.16%
STMicroelectronics NV		88,332		4,724,557
Total Singapore				10,050,638
South Africa 0.76%
Metals & Mining
Anglo American PLC		101,375		3,117,461
South Korea 1.47%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		109,547		5,997,986
Spain 1.30%
Banks
CaixaBank SA		1,310,525		5,301,336

Investments	Shares		U.S. $ Fair Value
Sweden 2.11%
Automobile Components 1.25%
Autoliv, Inc. SDR		51,099	$	5,097,224
Commercial Services & Supplies 0.86%
Loomis AB Class B		121,502		3,544,523
Total Sweden				8,641,747
Switzerland 3.43%
Pharmaceuticals
Novartis AG Registered Shares		133,808		14,009,314
United Kingdom 19.62%
Banks 4.32%
HSBC Holdings PLC		1,318,890		10,955,245
Standard Chartered PLC		697,257		6,697,534
				17,652,779
Broadline Retail 1.04%
Next PLC		46,808		4,233,353
Electric: Utilities 1.58%
SSE PLC		299,173		6,469,057
Food Products 1.26%
Tate & Lyle PLC		539,609		5,169,564
Hotels, Restaurants & Leisure 0.93%
Entain PLC		212,914		3,792,311
Insurance 1.22%
Lancashire Holdings Ltd.		652,842		4,996,805
Oil, Gas & Consumable Fuels 1.87%
BP PLC		1,228,628		7,622,958
Personal Care Products 2.06%
Unilever PLC		157,039		8,438,160

38 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL VALUE FUND July 31, 2023

Investments	Shares		U.S. $ Fair Value
United Kingdom (continued)
Pharmaceuticals 1.36%
AstraZeneca PLC		38,581	$	5,543,171
Tobacco 2.21%
Imperial Brands PLC		381,452		9,011,970
Trading Companies & Distributors 0.93%
Ashtead Group PLC		51,456		3,806,910
Wireless Telecommunication Services 0.84%
Vodafone Group PLC		3,592,852		3,417,735
Total United Kingdom				80,154,773
United States 2.98%
Pharmaceuticals
Sanofi		114,121		12,174,944
Total Common Stocks (cost $364,572,766)				402,483,009

Investments	Principal Amount		U.S. $ Fair Value
SHORT-TERM INVESTMENTS 2.09%
Repurchase Agreements 2.09%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $10,170,700 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $8,697,935; proceeds: $8,528,038 (cost $8,527,375)	$	8,527,375	$	8,527,375
Total Investments in Securities 100.59% (cost $373,100,141)				411,010,384
Other Assets and Liabilities – Net (0.59)%				(2,408,532	)
Net Assets 100.00%			$	408,601,852

ADR	American Depositary Receipt.
SDR	Swedish Depository Receipt.
REITS	Real Estate Investment Trust.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2023, the total value of Rule 144A securities was $12,999,911, which represents 3.18% of net assets.
*	Non-income producing security.

See Notes to Schedule of Investments. 39

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL VALUE FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	14,021,734	$	–	$	–	$	14,021,734
Egypt		3,397,089		–		–		3,397,089
Ireland		12,598,729		–		–		12,598,729
Mexico		7,402,284		–		–		7,402,284
Netherlands		17,305,211		6,691,634		–		23,996,845
United Kingdom		5,169,564		74,985,209		–		80,154,773
Remaining Countries		–		260,911,555		–		260,911,555
Short-Term Investments
Repurchase Agreements		–		8,527,375		–		8,527,375
Total	$	59,894,611	$	351,115,773	$	–	$	411,010,384

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

40 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

MICRO CAP GROWTH FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 97.60%
COMMON STOCKS 97.60%
Aerospace & Defense 2.13%
AAR Corp.*		50,100	$	2,995,980
AeroVironment, Inc.*		20,853		1,986,457
Total				4,982,437
Automobile Components 1.29%
Modine Manufacturing Co.*		80,144		3,010,209
Beverages 1.40%
Vita Coco Co., Inc.*		123,700		3,268,154
				��
Biotechnology 15.93%
89bio, Inc.*		249,257		3,948,231
Arcellx, Inc.*		124,033		4,248,130
Immatics NV (Germany)*(a)(b)		200,550		2,388,550
ImmunoGen, Inc.*		218,622		3,895,844
Karuna Therapeutics, Inc.*		13,597		2,716,273
Krystal Biotech, Inc.*		37,052		4,783,413
MoonLake Immunotherapeutics Class A (Switzerland)*(a)		65,089		3,958,062
Morphic Holding, Inc.*		41,446		2,351,232
Replimune Group, Inc.*		98,772		2,081,126
Syndax Pharmaceuticals, Inc.*		57,456		1,224,962
Viking Therapeutics, Inc.*		72,703		1,054,193
Xenon Pharmaceuticals, Inc. (Canada)*(a)		125,118		4,619,357
Total				37,269,373
Building Products 1.78%
Hayward Holdings, Inc.*		86,774		1,159,301
Tecnoglass, Inc. (Colombia)(a)		63,963		3,011,378
Total				4,170,679
Capital Markets 0.52%
Piper Sandler Cos.,		8,296		1,214,202
Commercial Services & Supplies 1.43%
Heritage-Crystal Clean, Inc.*		72,562		3,342,931

Investments	Shares		Fair Value
Communications Equipment 0.46%
Calix, Inc.*		23,609	$	1,065,002
Construction & Engineering 3.01%
MYR Group, Inc.*		24,521		3,495,713
Sterling Infrastructure, Inc.*		59,221		3,552,668
Total				7,048,381
Consumer Staples Distribution & Retail 0.55%
Chefs’ Warehouse, Inc.*		35,190		1,278,805
Diversified Consumer Services 0.75%
European Wax Center, Inc. Class A*		90,651		1,755,910
Electronic Equipment, Instruments & Components 4.24%
Napco Security Technologies, Inc.		155,479		5,827,353
OSI Systems, Inc.*		34,325		4,092,570
Total				9,919,923
Entertainment 0.41%
Vivid Seats, Inc. Class A*(b)		115,546		962,498
Financial Services 7.72%
AvidXchange Holdings, Inc.*		454,702		5,642,852
Flywire Corp.*		168,550		5,754,297
Remitly Global, Inc.*		346,008		6,671,034
Total				18,068,183
Food Products 0.75%
Vital Farms, Inc.*		150,411		1,759,809
Health Care Equipment & Supplies 8.99%
CVRx, Inc.*(b)		89,768		1,609,540
Lantheus Holdings, Inc.*		21,111		1,825,890
RxSight, Inc.*		216,276		7,217,130
TransMedics Group, Inc.*		83,083		7,741,674
Treace Medical Concepts, Inc.*		116,292		2,650,295
Total				21,044,529

See Notes to Schedule of Investments. 41

Schedule of Investments (unaudited)(continued)

MICRO CAP GROWTH FUND July 31, 2023

Investments	Shares		Fair Value
Health Care Technology 1.37%
Phreesia, Inc.*		101,354	$	3,214,949
Hotels, Restaurants & Leisure 6.04%
First Watch Restaurant Group, Inc.*		121,705		2,268,581
Kura Sushi USA, Inc. Class A*(b)		55,922		5,564,798
Shake Shack, Inc. Class A*		66,279		5,147,227
Sweetgreen, Inc. Class A*		76,038		1,145,893
Total				14,126,499
Household Durables 0.97%
Green Brick Partners, Inc.*		40,244		2,274,591
Life Sciences Tools & Services 2.88%
Olink Holding AB ADR*(b)		104,225		1,980,275
Pacific Biosciences of California, Inc.*		360,773		4,765,811
Total				6,746,086
Media 4.67%
Integral Ad Science Holding Corp.*		287,767		5,999,942
Magnite, Inc.*		151,880		2,297,944
Perion Network Ltd. (Israel)*(a)		72,179		2,641,030
Total				10,938,916
Personal Care Products 2.53%
elf Beauty, Inc.*		50,791		5,928,325
Pharmaceuticals 4.24%
Aclaris Therapeutics, Inc.*		119,702		1,181,459
Intra-Cellular Therapies, Inc.*		28,015		1,732,448
Revance Therapeutics, Inc.*		65,786		1,554,523
Ventyx Biosciences, Inc.*		147,046		5,448,054
Total				9,916,484
Professional Services 2.76%
ICF International, Inc.		29,631		3,484,309
Verra Mobility Corp. Class A*		141,644		2,973,108
Total				6,457,417

Investments	Shares		Fair Value
Real Estate Management & Development 0.44%
Redfin Corp.*		69,109	$	1,035,253
Semiconductors & Semiconductor Equipment 8.06%
Aehr Test Systems*		119,549		6,235,676
indie Semiconductor, Inc. Class A*(b)		390,581		3,702,708
Rambus, Inc.*		142,349		8,912,471
Total				18,850,855
Software 11.43%
Agilysys, Inc.*		16,753		1,233,523
Cerence, Inc.*		106,059		2,949,501
Clear Secure, Inc. Class A		73,064		1,732,348
JFrog Ltd. (Israel)*(a)		152,068		4,679,132
Olo, Inc. Class A*		156,099		1,226,938
Weave Communications, Inc.*		163,370		1,960,440
Yext, Inc.*		468,944		4,558,126
Zeta Global Holdings Corp. Class A*		412,354		3,801,904
Zuora, Inc. Class A*		393,185		4,612,060
Total				26,753,972
Wireless Telecommunication Services 0.85%
Gogo, Inc.*		131,223		1,977,531
Total Common Stocks (cost $164,255,991)				228,381,903
		Principal Amount
SHORT-TERM INVESTMENTS 4.52%
Repurchase Agreements 2.70%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $7,523,900 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $6,434,404; proceeds: $6,308,682 (cost $6,308,191)	$	6,308,191		6,308,191

42 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

MICRO CAP GROWTH FUND July 31, 2023

Investments	Shares		Fair Value
Money Market Funds 1.64%
Fidelity Government Portfolio(c) (cost $3,847,882)		3,847,882	$	3,847,882
Time Deposits 0.18%
CitiBank N.A.(c) (cost $427,542)		427,542		427,542
Total Short-Term Investments (cost $10,583,615)				10,583,615
Total Investments in Securities 102.12% (cost $174,839,606)				238,965,518
Other Assets and Liabilities – Net (2.12)%				(4,963,211	)
Net Assets 100.00%			$	234,002,307

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(c)	Security was purchased with the cash collateral from loaned securities.

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	228,381,903	$	–	$	–	$	228,381,903
Short-Term Investments
Repurchase Agreements		–		6,308,191		–		6,308,191
Money Market Funds		3,847,882		–		–		3,847,882
Time Deposits		–		427,542		–		427,542
Total	$	232,229,785	$	6,735,733	$	–	$	238,965,518

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 43

Schedule of Investments (unaudited)

VALUE OPPORTUNITIES FUND July 31, 2023

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 99.75%
COMMON STOCKS 99.75%
Aerospace & Defense 1.50%
Curtiss-Wright Corp.		100,008	$	19,137,531
Automobile Components 1.41%
Gentherm, Inc.*		301,134		17,998,779
Banks 4.78%
Columbia Banking System, Inc.		528,042		11,801,739
East West Bancorp, Inc.		252,606		15,714,619
First BanCorp		1,152,708		17,117,729
Wintrust Financial Corp.		196,156		16,547,720
Total				61,181,807
Building Products 3.82%
Allegion PLC (Ireland)(a)		208,487		24,363,791
Masonite International Corp.*		234,624		24,529,939
Total				48,893,730
Capital Markets 4.89%
Cboe Global Markets, Inc.		165,632		23,135,478
Moelis & Co. Class A		419,756		20,496,685
TPG, Inc.		644,400		18,964,692
Total				62,596,855
Chemicals 2.21%
Avient Corp.		387,122		15,690,055
Axalta Coating Systems Ltd.*		394,058		12,609,856
Total				28,299,911
Commercial Services & Supplies 0.75%
Brady Corp. Class A		186,345		9,611,675
Construction & Engineering 2.55%
EMCOR Group, Inc.		151,602		32,600,494
Construction Materials 1.49%
Eagle Materials, Inc.		103,539		19,089,485

Investments	Shares		Fair Value
Consumer Staples Distribution & Retail 1.83%
BJ’s Wholesale Club Holdings, Inc.*		352,293	$	23,360,549
Containers & Packaging 1.71%
Avery Dennison Corp.		119,103		21,916,143
Electric: Utilities 2.66%
IDACORP, Inc.		174,782		17,971,085
Portland General Electric Co.		337,467		16,087,052
Total				34,058,137
Electronic Equipment, Instruments & Components 2.91%
Belden, Inc.		161,900		15,646,016
Littelfuse, Inc.		70,940		21,608,324
Total				37,254,340
Energy Equipment & Services 1.28%
TechnipFMC PLC (United Kingdom)*(a)		896,469		16,441,241
Financial Services 1.02%
Euronet Worldwide, Inc.*		148,304		13,031,472
Ground Transportation 1.61%
Saia, Inc.*		48,651		20,586,184
Health Care Equipment & Supplies 5.16%
CONMED Corp.		119,500		14,465,475
Cooper Cos., Inc.		46,912		18,354,789
Lantheus Holdings, Inc.*		79,318		6,860,214
STERIS PLC(b)		116,684		26,318,076
Total				65,998,554
Health Care Providers & Services 3.34%
Molina Healthcare, Inc.*		97,951		29,825,100
R1 RCM, Inc.*		745,039		12,874,274
Total				42,699,374

44 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

VALUE OPPORTUNITIES FUND July 31, 2023

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 6.49%
Caesars Entertainment, Inc.*		375,100	$	22,138,402
Choice Hotels International, Inc.		176,833		23,120,915
Dave & Buster’s Entertainment, Inc.*		275,657		12,625,091
SeaWorld Entertainment, Inc.*		115,268		6,382,389
Texas Roadhouse, Inc. Class A		168,140		18,756,017
Total				83,022,814
Industrial REITS 1.44%
First Industrial Realty Trust, Inc.		356,136		18,412,231
Information Technology Services 0.85%
Perficient, Inc.*		171,346		10,930,161
Insurance 5.20%
American Financial Group, Inc.		185,279		22,531,779
RenaissanceRe Holdings Ltd.		94,588		17,665,255
Stewart Information Services Corp.		270,096		12,729,625
White Mountains Insurance Group Ltd.		8,767		13,562,724
Total				66,489,383
Leisure Products 1.63%
YETI Holdings, Inc.*		488,682		20,817,853
Life Sciences Tools & Services 3.96%
Bio-Techne Corp.		209,048		17,434,603
Charles River Laboratories International, Inc.*		81,994		17,181,023
Repligen Corp.*		93,426		16,028,165
Total				50,643,791

Investments	Shares		Fair Value
Machinery 4.06%
Columbus McKinnon Corp.		559,467	$	23,687,833
Crane Co.		177,095		16,592,031
Crane NXT Co.		197,995		11,711,404
Total				51,991,268
Media 1.44%
Criteo SA ADR*		551,584		18,367,747
Metals & Mining 1.12%
Reliance Steel & Aluminum Co.		48,829		14,300,061
Oil, Gas & Consumable Fuels 3.76%
Chesapeake Energy Corp.		329,738		27,810,103
Permian Resources Corp. Class A		1,735,722		20,290,590
Total				48,100,693
Pharmaceuticals 1.28%
Organon & Co.		746,194		16,401,344
Professional Services 6.01%
Booz Allen Hamilton Holding Corp. Class A		229,461		27,783,138
ICF International, Inc.		130,338		15,326,445
Paylocity Holding Corp.*		61,054		13,850,100
WNS Holdings Ltd. ADR*		288,746		19,955,236
Total				76,914,919
Real Estate Management & Development 1.47%
Marcus & Millichap, Inc.		513,300		18,827,844
Residential REITS 1.34%
American Homes 4 Rent Class A		456,813		17,121,351
Semiconductors & Semiconductor Equipment 3.09%
Entegris, Inc.		220,259		24,164,615
FormFactor, Inc.*		414,992		15,421,103
Total				39,585,718

See Notes to Schedule of Investments. 45

Schedule of Investments (unaudited)(continued)

VALUE OPPORTUNITIES FUND July 31, 2023

Investments	Shares		Fair Value
Software 6.04%
Aspen Technology, Inc.*		89,726	$	16,016,091
CommVault Systems, Inc.*		350,480		27,312,906
Descartes Systems Group, Inc. (Canada)*(a)		273,863		21,325,712
Dolby Laboratories, Inc. Class A		142,903		12,662,635
Total				77,317,344
Specialized REITS 0.67%
National Storage Affiliates Trust		252,694		8,538,530
Specialty Retail 1.53%
Valvoline, Inc.		514,100		19,520,377
Textiles, Apparel & Luxury Goods 1.23%
Deckers Outdoor Corp.*		28,840		15,680,020
Trading Companies & Distributors 2.22%
AerCap Holdings NV (Ireland)*(a)		444,697		28,376,116
Total Common Stocks (cost $1,047,765,048)				1,276,115,826
		Principal Amount
SHORT-TERM INVESTMENTS 0.36%
Repurchase Agreements 0.36%
Repurchase Agreement dated 7/31/2023, 2.800% due 8/1/2023 with Fixed Income Clearing Corp. collateralized by $5,513,600 of U.S. Treasury Note at 0.500% due 10/31/2027; value: $4,715,205; proceeds: $4,623,085 (cost $4,622,725)	$	4,622,725		4,622,725

Investments	Shares		Fair Value
Money Market Funds 0.00%
Fidelity Government Portfolio(c) (cost $21,128)		21,128	$	21,128
Time Deposits 0.00%
CitiBank N.A.(c) (cost $2,348)		2,348		2,348
Total Short-Term Investments (cost $4,646,201)				4,646,201
Total Investments in Securities 100.11% (cost $1,052,411,249)				1,280,762,027
Other Assets and Liabilities – Net (0.11)%				(1,393,172	)
Net Assets 100.00%			$	1,279,368,855

ADR	American Depositary Receipt.
REITS	Real Estate Investment Trust.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.
(b)	All or a portion of this security is temporarily on loan to unaffiliated broker/dealers.
(c)	Security was purchased with the cash collateral from loaned securities.

46 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

VALUE OPPORTUNITIES FUND July 31, 2023

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks	$	1,276,115,826	$	–	$	–	$	1,276,115,826
Short-Term Investments
Repurchase Agreements		–		4,622,725		–		4,622,725
Money Market Funds		21,128		–		–		21,128
Time Deposits		–		2,348		–		2,348
Total	$	1,276,136,954	$	4,625,073	$	–	$	1,280,762,027

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 47

Notes to Schedule of Investments (unaudited)

1. ORGANIZATION  

Lord Abbett Securities Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was organized as a Delaware statutory trust on February 26, 1993. The Trust consists of the following thirteen funds (separately, a “Fund” and collectively, the “Funds”): Lord Abbett Alpha Strategy Fund (“Alpha Strategy Fund”), Lord Abbett Focused Growth Fund (“Focused Growth Fund”), Lord Abbett Focused Large Cap Value Fund (“Focused Large Cap Value Fund”), Lord Abbett Focused Small Cap Value (“Focused Small Cap Value Fund), Lord Abbett Fundamental Equity Fund (“Fundamental Equity Fund”), Lord Abbett Global Equity Research Fund (“Global Equity Research Fund”), Lord Abbett Growth Leaders Fund (“Growth Leaders Fund”), Lord Abbett Health Care Fund (“Health Care Fund”), Lord Abbett International Equity Fund (“International Equity Fund”), Lord Abbett International Opportunities Fund (“International Opportunities Fund”), Lord Abbett International Value Fund (“International Value Fund”), Lord Abbett Micro-Cap Growth Fund (“Micro Cap Growth Fund”) and Lord Abbett Value Opportunities Fund (“Value Opportunities Fund”). All funds are diversified except Focused Growth Fund and Focused Large Cap Value Fund.

Each of Alpha Strategy Fund’s, Focused Large Cap Value Fund’s, Focused Small Cap Value Fund’s, Global Equity Research Fund’s, Health Care Fund’s, International Equity Fund’s, International Opportunities Fund’s, Micro Cap Growth Fund and Value Opportunities Fund’s investment objective is to seek long-term capital appreciation. Fundamental Equity Fund’s investment objective is long-term growth of capital and income without excessive fluctuations in market value. Growth Leaders Fund’s and Focused Growth Fund’s investment objective is to seek capital appreciation. International Value Fund’s investment objective is to seek a high level of total return. Alpha Strategy Fund invests principally in other funds (“Underlying Funds”) managed by Lord, Abbett & Co. LLC (“Lord Abbett”).

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation–Under procedures approved by the Funds’ Board of Trustees (the “Board”), the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord Abbett, as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other

48

Notes to Schedule of Investments (unaudited)(continued)

	instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and ask prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and ask prices is used. Investments in the Underlying Funds are valued at their net asset value (“NAV”) each business day at the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time.
	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Fair Value Measurements–Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

●	Level 1 –	unadjusted quoted prices in active markets for identical investments;
●	Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
●	Level 3 –	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing each Fund’s investments and other financial instruments as of July 31, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

49

Notes to Schedule of Investments (unaudited)(continued)

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3. FEDERAL TAX INFORMATION  

It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.

4. SECURITIES LENDING AGREEMENT  

The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Funds is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

As of July 31, 2023, the market value of securities loaned and collateral received for the Funds were as follows:

Funds	Market Value of Securities Loaned		Collateral Received
Health Care Fund	$	96,019	$	98,688
International Equity Fund		6,303,131		6,626,643
International Opportunities Fund		1,441,683		1,509,790
Micro Cap Growth Fund		4,242,386		4,275,424
Value Opportunities Fund		22,555		23,476

50

Notes to Schedule of Investments (unaudited)(concluded)

5. TRANSACTIONS WITH AFFILIATED ISSUERS  

An affiliated issuer is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying issuer at any point during the fiscal year or any company which is under common ownership or control. Alpha Strategy Fund had the following transactions with affiliated issuers (i.e. the Underlying Funds) during the period ended July 31, 2023:

Affiliated Issuer	Value at 10/31/2022		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss		)	Change in Appreciation (Depreciation		)	Value at 7/31/2023		Shares as of 7/31/2023		Dividend Income
Lord Abbett Developing Growth Fund, Inc. - Class I	$	130,614,911	$	4,427,496	$	(15,299,971	)	$	77,649		$	8,134,074		$	127,954,159		5,059,477	$	–
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I		66,432,704		2,521,943		(6,602,291	)		424,204	(a)		6,420,261			67,095,955		2,382,669		421,077
Lord Abbett Securities Trust - International Opportunities Fund - Class I		127,886,274		2,626,600		(29,959,860	)		(390,021	)		27,200,039			127,363,032		6,763,836		2,427,053
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I		66,791,628		222,989		(7,643,123	)		1,496,834			2,989,157			63,857,485		3,479,972		–
Lord Abbett Research Fund, Inc. - Small-Cap Value Fund Class I		132,523,683		3,852,844		(20,320,360	)		(3,505,601	)(b)		22,769,371			131,949,170		6,766,624		482,078
Lord Abbett Securities Trust - Value Opportunities Fund - Class I		131,587,768		11,466,931		(15,009,390	)		7,214,180	(c)		6,369,806			131,835,494		7,130,097		1,136,519
Total								$	5,317,245		$	73,882,708		$	650,055,295			$	4,466,727

(a)	Includes $2,100,866 of distributed capital gains.
(b)	Includes $3,370,767 of distributed capital gains.
(c)	Includes $9,793,801 of distributed capital gains.

51

Investments in Underlying Funds (unaudited)

Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of July 31, 2023, Alpha Strategy Fund’s long-term investments were allocated among the Underlying Funds as follows:

Alpha Strategy Fund’s Investments:

Underlying Fund Name	%
Lord Abbett Developing Growth Fund, Inc. – Class I	19.69%
Lord Abbett Securities Trust – Focused Small Cap Value Fund – Class I	10.32%
Lord Abbett Securities Trust – International Opportunities Fund – Class I	19.59%
Lord Abbett Securities Trust – Micro Cap Growth Fund – Class I	9.82%
Lord Abbett Research Fund, Inc. – Small Cap Value Fund – Class I	20.30%
Lord Abbett Securities Trust – Value Opportunities Fund – Class I	20.28%
Total	100.00%

Lord Abbett Developing Growth Fund, Inc.

Ten Largest Holdings	% of Investments
Rambus, Inc.	2.54%
Duolingo, Inc.	2.43%
TransMedics Group, Inc.	2.42%
DoubleVerify Holdings, Inc.	2.22%
Global-e Online Ltd.	2.15%
Allegro MicroSystems, Inc.	2.08%
Glaukos Corp.	2.04%
Remitly Global, Inc.	2.01%
Flywire Corp.	2.00%
Roku, Inc.	1.86%
Holdings by Sector	% of Investments
Communication Services	3.64%
Consumer Discretionary	13.67%
Consumer Staples	1.77%
Financials	7.06%
Health Care	25.40%
Industrials	18.62%
Information Technology	25.62%
Money Market Funds	1.47%
Time Deposits	0.16%
Repurchase Agreements	2.59%
Total	100.00%

Lord Abbett Securities Trust - Focused Small Cap Value Fund

Ten Largest Holdings	% of Investments
Masonite International Corp.	3.27%
Belden, Inc.	2.97%
Cars.com, Inc.	2.96%
TechnipFMC PLC	2.88%
WNS Holdings Ltd.	2.87%
Organon & Co.	2.79%
MRC Global, Inc.	2.77%
Compass Diversified Holdings	2.76%
Kemper Corp.	2.75%
Brady Corp.	2.65%

52

Investments in Underlying Funds (unaudited)(continued)

Holdings by Sector	% of Investments
Communication Services	2.96%
Consumer Discretionary	11.84%
Consumer Staples	1.96%
Energy	7.66%
Financials	32.45%
Health Care	7.55%
Industrials	17.28%
Information Technology	11.06%
Materials	4.03%
Real Estate	2.43%
Repurchase Agreements	0.78%
Total	100.00%

Lord Abbett Securities Trust - International Opportunities Fund

Ten Largest Holdings	% of Investments
Brookfield Infrastructure Corp.	2.65%
Gerresheimer AG	1.93%
B&M European Value Retail SA	1.81%
Man Group PLC	1.76%
REN - Redes Energeticas Nacionais SGPS SA	1.68%
Britvic PLC	1.62%
Federal Bank Ltd.	1.53%
Simplex Holdings, Inc.	1.52%
Okinawa Cellular Telephone Co.	1.49%
Nichirei Corp.	1.47%
Holdings by Sector	% of Investments
Communication Services	5.35%
Consumer Discretionary	10.94%
Consumer Staples	8.17%
Energy	3.43%
Financials	12.15%
Health Care	4.98%
Industrials	18.94%
Information Technology	12.93%
Materials	9.54%
Real Estate	6.82%
Utilities	4.33%
Money Market Funds	0.40%
Time Deposits	0.04%
Repurchase Agreements	1.98%
Total	100.00%

53

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Securities Trust - Micro Cap Growth Fund

Ten Largest Holdings	% of Investments
Rambus, Inc.	3.73%
TransMedics Group, Inc.	3.24%
RxSight, Inc.	3.02%
Remitly Global, Inc.	2.79%
Aehr Test Systems	2.61%
Integral Ad Science Holding Corp.	2.51%
elf Beauty, Inc.	2.48%
Napco Security Technologies, Inc.	2.44%
Flywire Corp.	2.41%
AvidXchange Holdings, Inc.	2.36%
Holdings by Sector	% of Investments
Communication Services	5.81%
Consumer Discretionary	8.86%
Consumer Staples	5.12%
Financials	8.07%
Health Care	32.72%
Industrials	10.88%
Information Technology	23.68%
Real Estate	0.43%
Money Market Funds	1.61%
Time Deposits	0.18%
Repurchase Agreements	2.64%
Total	100.00%
Lord Abbett Research Fund, Inc. - Small Cap Value Fund
Ten Largest Holdings	% of Investments
Masonite International Corp.	2.44%
TechnipFMC PLC	2.37%
Permian Resources Corp.	2.34%
Cars.com, Inc.	2.23%
CommVault Systems, Inc.	2.09%
Belden, Inc.	2.07%
Bancorp, Inc.	2.02%
MEG Energy Corp.	1.97%
CI Financial Corp.	1.89%
Organon & Co.	1.86%

54

Investments in Underlying Funds (unaudited)(concluded)

Holdings by Sector	% of Investments
Communication Services	3.73%
Consumer Discretionary	11.86%
Consumer Staples	3.22%
Energy	7.95%
Financials	26.94%
Health Care	6.14%
Industrials	20.92%
Information Technology	9.76%
Materials	4.49%
Real Estate	3.50%
Utilities	0.75%
Repurchase Agreements	0.74%
Total	100.00%
Lord Abbett Securities Trust - Value Opportunities Fund
Ten Largest Holdings	% of Investments
EMCOR Group, Inc.	2.55%
Molina Healthcare, Inc.	2.33%
AerCap Holdings NV	2.22%
Chesapeake Energy Corp.	2.17%
Booz Allen Hamilton Holding Corp.	2.17%
CommVault Systems, Inc.	2.13%
STERIS PLC	2.05%
Masonite International Corp.	1.92%
Allegion PLC	1.90%
Entegris, Inc.	1.89%
Holdings by Sector	% of Investments
Communication Services	1.44%
Consumer Discretionary	12.26%
Consumer Staples	1.82%
Energy	5.04%
Financials	15.87%
Health Care	13.72%
Industrials	22.50%
Information Technology	12.89%
Materials	6.53%
Real Estate	4.91%
Utilities	2.66%
Time Deposits	0.00%
Money Market Funds	0.00%
Repurchase Agreements	0.36%
Total	100.00%

55

QPHR-SET-3Q
(09/23)