American Century Investments®
Quarterly Portfolio Holdings
Strategic Allocation: Moderate Fund
April 30, 2021
Strategic Allocation: Moderate - Schedule of Investments | ||
APRIL 30, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | ||||||||||
AFFILIATED FUNDS(1) — 40.5% | |||||||||||
American Century Diversified Corporate Bond ETF | 541,178 | 28,210,581 | |||||||||
American Century Focused Dynamic Growth ETF | 361,275 | 28,771,110 | |||||||||
American Century Focused Large Cap Value ETF | 684,318 | 40,898,265 | |||||||||
American Century Quality Diversified International ETF | 578,963 | 29,884,275 | |||||||||
American Century STOXX U.S. Quality Growth ETF | 697,669 | 46,736,079 | |||||||||
American Century STOXX U.S. Quality Value ETF | 1,236,987 | 61,004,735 | |||||||||
Avantis Emerging Markets Equity ETF | 317,937 | 21,448,030 | |||||||||
Avantis International Equity ETF | 476,972 | 29,748,744 | |||||||||
Avantis International Small Cap Value ETF | 154,611 | 10,001,786 | |||||||||
Avantis U.S. Equity ETF | 872,023 | 63,265,269 | |||||||||
Avantis U.S. Small Cap Value ETF | 261,917 | 19,355,666 | |||||||||
TOTAL AFFILIATED FUNDS (Cost $285,025,081) | 379,324,540 | ||||||||||
COMMON STOCKS — 27.0% | |||||||||||
Aerospace and Defense — 0.4% | |||||||||||
Babcock International Group plc(2) | 76,905 | 306,093 | |||||||||
BAE Systems plc | 132,330 | 924,356 | |||||||||
CAE, Inc.(2) | 4,703 | 147,310 | |||||||||
General Dynamics Corp. | 4,015 | 763,773 | |||||||||
Lockheed Martin Corp. | 1,713 | 651,899 | |||||||||
Mercury Systems, Inc.(2) | 2,989 | 224,892 | |||||||||
Safran SA(2) | 3,123 | 466,291 | |||||||||
Spirit AeroSystems Holdings, Inc., Class A | 3,904 | 178,374 | |||||||||
Textron, Inc. | 7,198 | 462,400 | |||||||||
4,125,388 | |||||||||||
Air Freight and Logistics — 0.1% | |||||||||||
Expeditors International of Washington, Inc. | 2,365 | 259,819 | |||||||||
United Parcel Service, Inc., Class B | 3,440 | 701,278 | |||||||||
961,097 | |||||||||||
Airlines — 0.1% | |||||||||||
Alaska Air Group, Inc.(2) | 1,116 | 77,160 | |||||||||
Ryanair Holdings plc, ADR(2) | 2,430 | 283,945 | |||||||||
Southwest Airlines Co.(2) | 15,534 | 975,225 | |||||||||
1,336,330 | |||||||||||
Auto Components — 0.3% | |||||||||||
Aptiv plc(2) | 10,014 | 1,440,914 | |||||||||
BorgWarner, Inc. | 12,819 | 622,747 | |||||||||
Bridgestone Corp. | 6,900 | 276,539 | |||||||||
Hyundai Mobis Co. Ltd. | 1,538 | 372,239 | |||||||||
Minth Group Ltd. | 18,000 | 72,904 | |||||||||
Sumitomo Rubber Industries Ltd. | 13,900 | 172,191 | |||||||||
Valeo SA | 8,429 | 273,150 | |||||||||
3,230,684 | |||||||||||
Automobiles — 0.4% | |||||||||||
Bayerische Motoren Werke AG | 4,322 | 433,108 | |||||||||
Daimler AG | 12,004 | 1,068,341 | |||||||||
Honda Motor Co. Ltd., ADR | 18,521 | 552,296 | |||||||||
Hyundai Motor Co. | 1,183 | 224,949 |
Nissan Motor Co. Ltd.(2) | 82,400 | 413,644 | |||||||||
Tesla, Inc.(2) | 1,354 | 960,582 | |||||||||
3,652,920 | |||||||||||
Banks — 1.3% | |||||||||||
AIB Group plc(2) | 45,675 | 133,438 | |||||||||
Banco Bilbao Vizcaya Argentaria SA(2) | 63,533 | 355,758 | |||||||||
Banco Bradesco SA | 23,749 | 90,544 | |||||||||
Bank Central Asia Tbk PT | 132,700 | 293,766 | |||||||||
Bank of America Corp. | 23,739 | 962,142 | |||||||||
Barclays plc | 332,076 | 803,946 | |||||||||
BNP Paribas SA(2) | 12,245 | 785,121 | |||||||||
BPER Banca(2) | 45,966 | 104,734 | |||||||||
CaixaBank SA | 126,561 | 404,864 | |||||||||
Canadian Western Bank | 3,487 | 95,888 | |||||||||
Commerce Bancshares, Inc. | 4,684 | 364,462 | |||||||||
Commerzbank AG(2) | 47,580 | 313,750 | |||||||||
Eastern Bankshares, Inc. | 12,080 | 257,666 | |||||||||
FinecoBank Banca Fineco SpA(2) | 3,348 | 57,585 | |||||||||
HDFC Bank Ltd., ADR(2) | 5,285 | 371,430 | |||||||||
HSBC Holdings plc | 74,800 | 467,413 | |||||||||
JPMorgan Chase & Co. | 7,781 | 1,196,796 | |||||||||
M&T Bank Corp. | 3,631 | 572,572 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 112,000 | 595,851 | |||||||||
Mizuho Financial Group, Inc. | 30,000 | 422,233 | |||||||||
Regions Financial Corp. | 36,590 | 797,662 | |||||||||
Societe Generale SA(2) | 8,918 | 253,692 | |||||||||
Standard Chartered plc (London) | 20,109 | 144,261 | |||||||||
Sumitomo Mitsui Financial Group, Inc. | 11,100 | 389,929 | |||||||||
Triumph Bancorp, Inc.(2) | 2,003 | 177,526 | |||||||||
Truist Financial Corp. | 14,736 | 873,992 | |||||||||
UniCredit SpA | 13,368 | 137,316 | |||||||||
Westamerica Bancorporation | 5,852 | 371,017 | |||||||||
Wintrust Financial Corp. | 1,645 | 126,829 | |||||||||
11,922,183 | |||||||||||
Beverages — 0.2% | |||||||||||
Boston Beer Co., Inc. (The), Class A(2) | 473 | 575,400 | |||||||||
Fevertree Drinks plc | 1,629 | 56,462 | |||||||||
MGP Ingredients, Inc. | 1,549 | 93,095 | |||||||||
PepsiCo, Inc. | 5,499 | 792,736 | |||||||||
Royal Unibrew A/S | 707 | 86,361 | |||||||||
1,604,054 | |||||||||||
Biotechnology — 0.6% | |||||||||||
AbbVie, Inc. | 2,347 | 261,691 | |||||||||
ACADIA Pharmaceuticals, Inc.(2) | 2,301 | 47,309 | |||||||||
Acceleron Pharma, Inc.(2) | 954 | 119,221 | |||||||||
ADC Therapeutics SA(2) | 3,502 | 85,939 | |||||||||
Alnylam Pharmaceuticals, Inc.(2) | 3,443 | 484,224 | |||||||||
Amgen, Inc. | 2,023 | 484,792 | |||||||||
Arcutis Biotherapeutics, Inc.(2) | 3,486 | 116,781 | |||||||||
Arena Pharmaceuticals, Inc.(2) | 1,089 | 74,738 | |||||||||
Argenx SE, ADR(2) | 1,218 | 349,213 | |||||||||
Biohaven Pharmaceutical Holding Co. Ltd.(2) | 1,684 | 126,468 | |||||||||
Blueprint Medicines Corp.(2) | 1,406 | 135,426 | |||||||||
Bridgebio Pharma, Inc.(2) | 2,281 | 127,554 | |||||||||
ChemoCentryx, Inc.(2) | 1,673 | 80,856 |
Deciphera Pharmaceuticals, Inc.(2) | 2,408 | 111,659 | |||||||||
Fate Therapeutics, Inc.(2) | 1,195 | 104,431 | |||||||||
FibroGen, Inc.(2) | 2,508 | 55,979 | |||||||||
Flexion Therapeutics, Inc.(2) | 6,348 | 49,261 | |||||||||
Generation Bio Co.(2) | 1,269 | 46,268 | |||||||||
Global Blood Therapeutics, Inc.(2) | 1,873 | 76,381 | |||||||||
Halozyme Therapeutics, Inc.(2) | 3,845 | 192,058 | |||||||||
Heron Therapeutics, Inc.(2) | 2,790 | 48,769 | |||||||||
Horizon Therapeutics plc(2) | 8,583 | 812,123 | |||||||||
Immunovant, Inc.(2) | 2,380 | 37,318 | |||||||||
Insmed, Inc.(2) | 4,389 | 148,041 | |||||||||
Invitae Corp.(2)(3) | 2,227 | 77,722 | |||||||||
Iovance Biotherapeutics, Inc.(2) | 1,079 | 33,924 | |||||||||
KalVista Pharmaceuticals, Inc.(2) | 2,085 | 52,062 | |||||||||
Karuna Therapeutics, Inc.(2) | 1,283 | 142,426 | |||||||||
Kinnate Biopharma, Inc.(2) | 1,645 | 44,119 | |||||||||
Kymera Therapeutics, Inc.(2) | 1,462 | 66,594 | |||||||||
Mirati Therapeutics, Inc.(2) | 559 | 92,917 | |||||||||
Natera, Inc.(2) | 4,754 | 523,035 | |||||||||
Novavax, Inc.(2) | 312 | 73,922 | |||||||||
Relay Therapeutics, Inc.(2) | 1,083 | 34,342 | |||||||||
Sigilon Therapeutics, Inc.(2) | 1,866 | 25,937 | |||||||||
Turning Point Therapeutics, Inc.(2) | 2,741 | 208,946 | |||||||||
Ultragenyx Pharmaceutical, Inc.(2) | 1,271 | 141,894 | |||||||||
Vertex Pharmaceuticals, Inc.(2) | 982 | 214,272 | |||||||||
5,908,612 | |||||||||||
Building Products — 0.3% | |||||||||||
American Woodmark Corp.(2) | 1,105 | 109,903 | |||||||||
Johnson Controls International plc | 19,802 | 1,234,457 | |||||||||
Masco Corp. | 7,145 | 456,423 | |||||||||
Masonite International Corp.(2) | 1,765 | 222,902 | |||||||||
Sanwa Holdings Corp. | 1,600 | 20,670 | |||||||||
Trane Technologies plc | 2,943 | 511,582 | |||||||||
Trex Co., Inc.(2) | 1,556 | 168,032 | |||||||||
2,723,969 | |||||||||||
Capital Markets — 1.2% | |||||||||||
Ameriprise Financial, Inc. | 4,772 | 1,233,085 | |||||||||
Bank of New York Mellon Corp. (The) | 27,941 | 1,393,697 | |||||||||
BlackRock, Inc. | 728�� | 596,450 | |||||||||
Credit Suisse Group AG(2) | 49,788 | 521,777 | |||||||||
flatexDEGIRO AG(2) | 709 | 90,800 | |||||||||
GCM Grosvenor, Inc., Class A(3) | 5,225 | 68,918 | |||||||||
Intercontinental Exchange, Inc. | 2,776 | 326,763 | |||||||||
Intermediate Capital Group plc | 5,971 | 180,263 | |||||||||
LPL Financial Holdings, Inc. | 4,280 | 670,676 | |||||||||
MarketAxess Holdings, Inc. | 824 | 402,491 | |||||||||
Morgan Stanley | 12,068 | 996,213 | |||||||||
MSCI, Inc. | 1,666 | 809,293 | |||||||||
Northern Trust Corp. | 13,216 | 1,503,981 | |||||||||
Open Lending Corp., Class A(2) | 5,452 | 212,901 | |||||||||
Partners Group Holding AG | 329 | 468,650 | |||||||||
S&P Global, Inc. | 1,781 | 695,285 | |||||||||
State Street Corp. | 4,371 | 366,945 | |||||||||
T. Rowe Price Group, Inc. | 3,242 | 580,966 |
UBS Group AG | 3,705 | 56,578 | |||||||||
11,175,732 | |||||||||||
Chemicals — 0.4% | |||||||||||
Air Liquide SA | 1,931 | 325,185 | |||||||||
Air Products and Chemicals, Inc. | 1,119 | 322,809 | |||||||||
Albemarle Corp. | 1,755 | 295,138 | |||||||||
Axalta Coating Systems Ltd.(2) | 15,294 | 487,726 | |||||||||
Corbion NV | 1,241 | 72,675 | |||||||||
Diversey Holdings Ltd.(2) | 6,833 | 122,994 | |||||||||
Ecolab, Inc. | 1,489 | 333,715 | |||||||||
Element Solutions, Inc. | 19,432 | 425,172 | |||||||||
Huntsman Corp. | 3,721 | 106,681 | |||||||||
Kuraray Co. Ltd. | 8,000 | 86,962 | |||||||||
Linde plc | 2,720 | 777,485 | |||||||||
OCI NV(2) | 2,330 | 54,304 | |||||||||
Sherwin-Williams Co. (The) | 1,437 | 393,551 | |||||||||
Zeon Corp. | 7,000 | 111,613 | |||||||||
3,916,010 | |||||||||||
Commercial Services and Supplies — 0.2% | |||||||||||
Brink's Co. (The) | 3,247 | 259,500 | |||||||||
Clean Harbors, Inc.(2) | 2,572 | 228,805 | |||||||||
Country Garden Services Holdings Co. Ltd. | 12,000 | 125,710 | |||||||||
Driven Brands Holdings, Inc.(2) | 4,930 | 140,604 | |||||||||
Elis SA(2) | 4,320 | 77,311 | |||||||||
HomeServe plc | 5,112 | 77,256 | |||||||||
Loomis AB(3) | 3,159 | 103,449 | |||||||||
Park24 Co. Ltd.(2) | 4,500 | 86,935 | |||||||||
Republic Services, Inc. | 7,839 | 833,286 | |||||||||
1,932,856 | |||||||||||
Communications Equipment — 0.3% | |||||||||||
Arista Networks, Inc.(2) | 2,287 | 720,794 | |||||||||
Cisco Systems, Inc. | 6,182 | 314,725 | |||||||||
F5 Networks, Inc.(2) | 7,284 | 1,360,360 | |||||||||
Juniper Networks, Inc. | 13,179 | 334,615 | |||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 31,215 | 428,711 | |||||||||
3,159,205 | |||||||||||
Construction and Engineering† | |||||||||||
Arcadis NV(2)(3) | 1,723 | 72,474 | |||||||||
Hazama Ando Corp. | 9,800 | 74,790 | |||||||||
SHO-BOND Holdings Co. Ltd. | 400 | 16,698 | |||||||||
163,962 | |||||||||||
Construction Materials — 0.1% | |||||||||||
Cemex SAB de CV, ADR(2) | 66,125 | 521,726 | |||||||||
Consumer Finance — 0.1% | |||||||||||
American Express Co. | 3,346 | 513,109 | |||||||||
Cembra Money Bank AG | 561 | 61,002 | |||||||||
574,111 | |||||||||||
Containers and Packaging — 0.4% | |||||||||||
Avery Dennison Corp. | 4,537 | 971,689 | |||||||||
Ball Corp. | 9,566 | 895,760 | |||||||||
Graphic Packaging Holding Co. | 28,551 | 529,621 | |||||||||
Intertape Polymer Group, Inc. | 4,974 | 122,412 | |||||||||
Myers Industries, Inc. | 2,289 | 51,640 | |||||||||
Packaging Corp. of America | 2,806 | 414,306 | |||||||||
SIG Combibloc Group AG(2) | 2,684 | 65,788 |
Sonoco Products Co. | 16,308 | 1,067,522 | |||||||||
4,118,738 | |||||||||||
Distributors — 0.1% | |||||||||||
D'ieteren SA | 1,091 | 118,464 | |||||||||
Genuine Parts Co. | 5,431 | 678,712 | |||||||||
797,176 | |||||||||||
Diversified Consumer Services† | |||||||||||
Chegg, Inc.(2) | 1,814 | 163,859 | |||||||||
IDP Education Ltd. | 1,829 | 31,947 | |||||||||
195,806 | |||||||||||
Diversified Financial Services† | |||||||||||
Element Fleet Management Corp. | 10,107 | 123,753 | |||||||||
Hypoport SE(2) | 81 | 48,814 | |||||||||
Jaws Acquisition Corp., Class A(2) | 6,992 | 90,616 | |||||||||
Zenkoku Hosho Co. Ltd. | 2,500 | 112,209 | |||||||||
375,392 | |||||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
BT Group plc(2) | 55,464 | 126,510 | |||||||||
Cellnex Telecom SA | 12,773 | 722,493 | |||||||||
Verizon Communications, Inc. | 4,813 | 278,143 | |||||||||
1,127,146 | |||||||||||
Electric Utilities — 0.4% | |||||||||||
Edison International | 15,800 | 939,310 | |||||||||
Evergy, Inc. | 5,329 | 340,896 | |||||||||
Iberdrola SA | 27,880 | 376,769 | |||||||||
NextEra Energy, Inc. | 15,059 | 1,167,223 | |||||||||
Pinnacle West Capital Corp. | 12,238 | 1,035,947 | |||||||||
Xcel Energy, Inc. | 2,641 | 188,303 | |||||||||
4,048,448 | |||||||||||
Electrical Equipment — 0.7% | |||||||||||
AMETEK, Inc. | 5,283 | 712,835 | |||||||||
Eaton Corp. plc | 3,178 | 454,232 | |||||||||
Emerson Electric Co. | 12,753 | 1,154,019 | |||||||||
Generac Holdings, Inc.(2) | 1,018 | 329,781 | |||||||||
Hubbell, Inc. | 4,728 | 907,823 | |||||||||
Mabuchi Motor Co. Ltd. | 1,200 | 48,063 | |||||||||
Nexans SA(2) | 1,015 | 83,359 | |||||||||
nVent Electric plc | 51,735 | 1,575,331 | |||||||||
Plug Power, Inc.(2) | 1,118 | 31,874 | |||||||||
Rockwell Automation, Inc. | 1,959 | 517,685 | |||||||||
Schneider Electric SE | 3,874 | 618,119 | |||||||||
Sensata Technologies Holding plc(2) | 3,225 | 186,212 | |||||||||
6,619,333 | |||||||||||
Electronic Equipment, Instruments and Components — 0.5% | |||||||||||
Anritsu Corp. | 3,400 | 66,061 | |||||||||
CDW Corp. | 1,227 | 218,811 | |||||||||
Cognex Corp. | 16,966 | 1,461,112 | |||||||||
Comet Holding AG | 287 | 73,590 | |||||||||
FARO Technologies, Inc.(2) | 1,089 | 82,595 | |||||||||
Hexagon AB, B Shares | 5,093 | 486,478 | |||||||||
Jabil, Inc. | 3,437 | 180,168 | |||||||||
Keyence Corp. | 800 | 384,042 | |||||||||
Keysight Technologies, Inc.(2) | 9,270 | 1,338,125 | |||||||||
Littelfuse, Inc. | 327 | 86,734 | |||||||||
LPKF Laser & Electronics AG | 306 | 8,119 |
National Instruments Corp. | 2,140 | 88,617 | |||||||||
nLight, Inc.(2) | 4,421 | 129,712 | |||||||||
TE Connectivity Ltd. | 1,935 | 260,199 | |||||||||
4,864,363 | |||||||||||
Energy Equipment and Services — 0.1% | |||||||||||
Baker Hughes Co. | 18,659 | 374,673 | |||||||||
Schlumberger NV | 10,609 | 286,973 | |||||||||
661,646 | |||||||||||
Entertainment — 0.4% | |||||||||||
Activision Blizzard, Inc. | 3,253 | 296,641 | |||||||||
Endeavor Group Holdings, Inc., Class A(2) | 3,469 | 95,606 | |||||||||
Live Nation Entertainment, Inc.(2) | 6,521 | 533,940 | |||||||||
ROBLOX Corp., Class A(2) | 1,584 | 118,087 | |||||||||
Roku, Inc.(2) | 2,093 | 717,836 | |||||||||
Sea Ltd., ADR(2) | 1,246 | 314,665 | |||||||||
Stillfront Group AB(2) | 6,321 | 64,451 | |||||||||
Walt Disney Co. (The)(2) | 7,539 | 1,402,405 | |||||||||
Zynga, Inc., Class A(2) | 50,892 | 550,651 | |||||||||
4,094,282 | |||||||||||
Equity Real Estate Investment Trusts (REITs) — 2.4% | |||||||||||
Americold Realty Trust | 5,251 | 212,088 | |||||||||
Brixmor Property Group, Inc. | 13,412 | 299,624 | |||||||||
Capital & Counties Properties plc(2) | 64,573 | 161,966 | |||||||||
CapitaLand Integrated Commercial Trust | 49,500 | 79,861 | |||||||||
Charter Hall Group | 23,983 | 259,071 | |||||||||
Comforia Residential REIT, Inc. | 40 | 128,180 | |||||||||
Community Healthcare Trust, Inc. | 2,250 | 114,570 | |||||||||
Crown Castle International Corp. | 1,235 | 233,489 | |||||||||
Empire State Realty Trust, Inc., Class A | 25,555 | 291,071 | |||||||||
Equinix, Inc. | 1,887 | 1,360,074 | |||||||||
Equity Residential | 7,818 | 580,330 | |||||||||
Essential Properties Realty Trust, Inc. | 9,896 | 259,176 | |||||||||
Essex Property Trust, Inc. | 2,957 | 859,068 | |||||||||
Extra Space Storage, Inc. | 3,889 | 578,255 | |||||||||
Fibra Uno Administracion SA de CV | 317,495 | 391,834 | |||||||||
Global Medical REIT, Inc. | 7,379 | 105,962 | |||||||||
Goodman Group | 42,888 | 625,417 | |||||||||
Healthcare Trust of America, Inc., Class A | 13,470 | 395,614 | |||||||||
Healthpeak Properties, Inc. | 21,708 | 745,453 | |||||||||
Innovative Industrial Properties, Inc. | 3,128 | 572,831 | |||||||||
Invincible Investment Corp. | 374 | 134,404 | |||||||||
Invitation Homes, Inc. | 24,324 | 852,799 | |||||||||
Iron Mountain, Inc. | 7,639 | 306,477 | |||||||||
Japan Hotel REIT Investment Corp. | 121 | 69,291 | |||||||||
Kilroy Realty Corp. | 4,591 | 314,667 | |||||||||
Klepierre SA(3) | 9,102 | 241,577 | |||||||||
LaSalle Logiport REIT | 123 | 199,609 | |||||||||
Life Storage, Inc. | 5,808 | 557,917 | |||||||||
Link REIT | 45,300 | 427,318 | |||||||||
Mapletree Commercial Trust | 201,700 | 330,873 | |||||||||
Mapletree Industrial Trust | 25,800 | 54,734 | |||||||||
Mapletree Logistics Trust | 67,000 | 100,007 | |||||||||
Medical Properties Trust, Inc. | 9,869 | 217,611 | |||||||||
MGM Growth Properties LLC, Class A | 17,757 | 639,607 | |||||||||
Mitsubishi Estate Logistics REIT Investment Corp. | 40 | 165,466 |
National Retail Properties, Inc. | 4,819 | 223,698 | |||||||||
NETSTREIT Corp. | 7,591 | 158,121 | |||||||||
Orix JREIT, Inc. | 176 | 310,460 | |||||||||
PotlatchDeltic Corp. | 1,886 | 111,953 | |||||||||
Prologis, Inc. | 24,783 | 2,887,963 | |||||||||
QTS Realty Trust, Inc., Class A | 5,329 | 354,325 | |||||||||
Rexford Industrial Realty, Inc. | 4,746 | 263,640 | |||||||||
Ryman Hospitality Properties, Inc.(2) | 2,418 | 190,176 | |||||||||
SBA Communications Corp. | 275 | 82,423 | |||||||||
Scentre Group | 127,654 | 267,178 | |||||||||
Segro plc | 20,866 | 289,883 | |||||||||
Shaftesbury plc(2)(3) | 18,664 | 162,204 | |||||||||
Simon Property Group, Inc. | 7,701 | 937,520 | |||||||||
SOSiLA Logistics REIT, Inc. | 221 | 288,475 | |||||||||
Sun Communities, Inc. | 2,879 | 480,304 | |||||||||
Tritax Big Box REIT plc | 23,563 | 61,919 | |||||||||
UDR, Inc. | 13,509 | 627,493 | |||||||||
Urban Edge Properties | 11,253 | 212,119 | |||||||||
Ventas, Inc. | 6,586 | 365,260 | |||||||||
VICI Properties, Inc. | 18,393 | 583,058 | |||||||||
Welltower, Inc. | 7,357 | 551,996 | |||||||||
Weyerhaeuser Co. | 8,021 | 310,974 | |||||||||
Xenia Hotels & Resorts, Inc.(2) | 5,936 | 115,336 | |||||||||
22,702,769 | |||||||||||
Food and Staples Retailing — 0.3% | |||||||||||
Costco Wholesale Corp. | 868 | 322,974 | |||||||||
Koninklijke Ahold Delhaize NV | 34,667 | 932,955 | |||||||||
MARR SpA(2) | 3,702 | 82,769 | |||||||||
Matsumotokiyoshi Holdings Co. Ltd. | 2,000 | 80,433 | |||||||||
Sysco Corp. | 11,910 | 1,009,134 | |||||||||
Zur Rose Group AG(2) | 771 | 256,599 | |||||||||
2,684,864 | |||||||||||
Food Products — 0.4% | |||||||||||
Bakkafrost P/F(3) | 1,454 | 115,194 | |||||||||
Beyond Meat, Inc.(2) | 158 | 20,805 | |||||||||
Conagra Brands, Inc. | 28,881 | 1,071,196 | |||||||||
Glanbia plc | 4,106 | 60,404 | |||||||||
J.M. Smucker Co. (The) | 5,029 | 658,749 | |||||||||
Kellogg Co. | 9,119 | 569,208 | |||||||||
Mondelez International, Inc., Class A | 7,429 | 451,757 | |||||||||
Orkla ASA | 46,006 | 468,945 | |||||||||
Vital Farms, Inc.(2) | 2,184 | 53,115 | |||||||||
Whole Earth Brands, Inc.(2) | 9,887 | 133,475 | |||||||||
3,602,848 | |||||||||||
Gas Utilities — 0.1% | |||||||||||
Atmos Energy Corp. | 4,839 | 501,272 | |||||||||
Nippon Gas Co. Ltd. | 8,100 | 142,515 | |||||||||
Spire, Inc. | 6,679 | 503,196 | |||||||||
1,146,983 | |||||||||||
Health Care Equipment and Supplies — 1.0% | |||||||||||
Align Technology, Inc.(2) | 1,685 | 1,003,468 | |||||||||
Becton Dickinson and Co. | 2,451 | 609,833 | |||||||||
DexCom, Inc.(2) | 1,213 | 468,339 | |||||||||
Eargo, Inc.(2) | 2,102 | 120,319 | |||||||||
Edwards Lifesciences Corp.(2) | 5,978 | 571,019 |
Envista Holdings Corp.(2) | 10,596 | 458,595 | |||||||||
Globus Medical, Inc., Class A(2) | 1,654 | 118,708 | |||||||||
Hill-Rom Holdings, Inc. | 2,029 | 223,636 | |||||||||
ICU Medical, Inc.(2) | 601 | 125,170 | |||||||||
IDEXX Laboratories, Inc.(2) | 1,513 | 830,622 | |||||||||
Inmode Ltd.(2) | 1,207 | 104,200 | |||||||||
Medtronic plc | 4,338 | 567,931 | |||||||||
Menicon Co. Ltd. | 200 | 12,165 | |||||||||
NeuroPace, Inc.(2) | 3,620 | 87,459 | |||||||||
Olympus Corp. | 13,900 | 286,083 | |||||||||
Ortho Clinical Diagnostics Holdings plc(2) | 7,716 | 151,928 | |||||||||
OrthoPediatrics Corp.(2) | 1,566 | 91,611 | |||||||||
ResMed, Inc. | 674 | 126,692 | |||||||||
Silk Road Medical, Inc.(2) | 2,853 | 174,432 | |||||||||
Tandem Diabetes Care, Inc.(2) | 2,729 | 250,795 | |||||||||
Teleflex, Inc. | 2,322 | 980,999 | |||||||||
Zimmer Biomet Holdings, Inc. | 9,467 | 1,677,174 | |||||||||
9,041,178 | |||||||||||
Health Care Providers and Services — 1.1% | |||||||||||
Acadia Healthcare Co., Inc.(2) | 2,393 | 145,782 | |||||||||
Alfresa Holdings Corp. | 11,800 | 211,523 | |||||||||
Amedisys, Inc.(2) | 1,968 | 531,065 | |||||||||
Cardinal Health, Inc. | 16,185 | 976,603 | |||||||||
Chartwell Retirement Residences | 13,154 | 133,878 | |||||||||
Cigna Corp. | 3,523 | 877,262 | |||||||||
CVS Health Corp. | 6,801 | 519,596 | |||||||||
Encompass Health Corp. | 14,355 | 1,218,165 | |||||||||
HealthEquity, Inc.(2) | 3,421 | 259,893 | |||||||||
Henry Schein, Inc.(2) | 11,109 | 805,402 | |||||||||
Humana, Inc. | 660 | 293,858 | |||||||||
McKesson Corp. | 3,801 | 712,916 | |||||||||
Option Care Health, Inc.(2) | 6,441 | 122,894 | |||||||||
Quest Diagnostics, Inc. | 7,886 | 1,040,006 | |||||||||
R1 RCM, Inc.(2) | 8,160 | 222,605 | |||||||||
RadNet, Inc.(2) | 5,090 | 113,711 | |||||||||
UnitedHealth Group, Inc. | 2,192 | 874,170 | |||||||||
Universal Health Services, Inc., Class B | 7,297 | 1,082,948 | |||||||||
10,142,277 | |||||||||||
Health Care Technology — 0.3% | |||||||||||
Cerner Corp. | 12,941 | 971,222 | |||||||||
Health Catalyst, Inc.(2) | 5,333 | 308,781 | |||||||||
Teladoc Health, Inc.(2) | 2,553 | 440,009 | |||||||||
Veeva Systems, Inc., Class A(2) | 2,778 | 784,646 | |||||||||
2,504,658 | |||||||||||
Hotels, Restaurants and Leisure — 0.6% | |||||||||||
Autogrill SpA(2)(3) | 8,759 | 72,502 | |||||||||
Basic-Fit NV(2)(3) | 1,920 | 86,431 | |||||||||
Booking Holdings, Inc.(2) | 193 | 475,954 | |||||||||
Brinker International, Inc.(2) | 1,746 | 117,209 | |||||||||
Chipotle Mexican Grill, Inc.(2) | 584 | 871,346 | |||||||||
Churchill Downs, Inc. | 1,272 | 269,028 | |||||||||
Corporate Travel Management Ltd.(2)(3) | 3,447 | 48,850 | |||||||||
Expedia Group, Inc.(2) | 3,609 | 636,014 | |||||||||
Food & Life Cos. Ltd. | 3,300 | 147,184 | |||||||||
Greggs plc(2) | 1,946 | 63,496 |
Las Vegas Sands Corp.(2) | 9,905 | 606,780 | |||||||||
Planet Fitness, Inc., Class A(2) | 1,401 | 117,670 | |||||||||
Sodexo SA(2) | 6,143 | 614,596 | |||||||||
Travel & Leisure Co. | 3,851 | 248,505 | |||||||||
Whitbread plc(2) | 8,672 | 388,794 | |||||||||
Wingstop, Inc. | 835 | 132,272 | |||||||||
Wyndham Hotels & Resorts, Inc. | 2,946 | 215,382 | |||||||||
5,112,013 | |||||||||||
Household Durables — 0.2% | |||||||||||
Haseko Corp. | 12,300 | 164,995 | |||||||||
Man Wah Holdings Ltd. | 42,400 | 88,766 | |||||||||
Mohawk Industries, Inc.(2) | 365 | 75,008 | |||||||||
Open House Co. Ltd. | 12,100 | 502,469 | |||||||||
Sonos, Inc.(2) | 4,668 | 186,860 | |||||||||
Taylor Wimpey plc | 223,867 | 555,345 | |||||||||
Token Corp. | 1,000 | 89,308 | |||||||||
TopBuild Corp.(2) | 831 | 184,798 | |||||||||
1,847,549 | |||||||||||
Household Products — 0.2% | |||||||||||
Colgate-Palmolive Co. | 3,700 | 298,590 | |||||||||
Kimberly-Clark Corp. | 3,603 | 480,352 | |||||||||
Procter & Gamble Co. (The) | 5,155 | 687,780 | |||||||||
Reynolds Consumer Products, Inc. | 2,904 | 85,145 | |||||||||
1,551,867 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
Honeywell International, Inc. | 3,871 | 863,388 | |||||||||
Lifco AB, B Shares | 816 | 87,388 | |||||||||
950,776 | |||||||||||
Insurance — 0.7% | |||||||||||
Aegon NV | 49,967 | 231,563 | |||||||||
Aflac, Inc. | 20,997 | 1,128,169 | |||||||||
AIA Group Ltd. | 25,200 | 319,853 | |||||||||
Allstate Corp. (The) | 2,305 | 292,274 | |||||||||
Arthur J. Gallagher & Co. | 1,827 | 264,824 | |||||||||
BRP Group, Inc., Class A(2) | 6,102 | 177,080 | |||||||||
Chubb Ltd. | 6,829 | 1,171,788 | |||||||||
Hartford Financial Services Group, Inc. (The) | 2,943 | 194,120 | |||||||||
Kinsale Capital Group, Inc. | 1,313 | 228,475 | |||||||||
Marsh & McLennan Cos., Inc. | 2,248 | 305,054 | |||||||||
Palomar Holdings, Inc.(2) | 1,876 | 131,995 | |||||||||
Progressive Corp. (The) | 1,268 | 127,738 | |||||||||
Prudential Financial, Inc. | 2,661 | 267,058 | |||||||||
Reinsurance Group of America, Inc. | 7,185 | 937,858 | |||||||||
SelectQuote, Inc.(2) | 14,991 | 466,670 | |||||||||
Travelers Cos., Inc. (The) | 1,121 | 173,374 | |||||||||
6,417,893 | |||||||||||
Interactive Media and Services — 0.5% | |||||||||||
Alphabet, Inc., Class A(2) | 1,162 | 2,734,767 | |||||||||
carsales.com Ltd. | 3,743 | 57,181 | |||||||||
Eventbrite, Inc., Class A(2) | 4,736 | 111,627 | |||||||||
Facebook, Inc., Class A(2) | 2,789 | 906,648 | |||||||||
Kakaku.com, Inc. | 2,400 | 65,161 | |||||||||
Match Group, Inc.(2) | 5,194 | 808,342 | |||||||||
QuinStreet, Inc.(2) | 9,641 | 195,423 | |||||||||
4,879,149 | |||||||||||
Internet and Direct Marketing Retail — 0.5% | |||||||||||
Amazon.com, Inc.(2) | 799 | 2,770,469 | |||||||||
ASKUL Corp. | 2,700 | 98,769 | |||||||||
ASOS plc(2) | 6,485 | 467,509 | |||||||||
BHG Group AB(2) | 4,305 | 82,713 | |||||||||
Chewy, Inc., Class A(2)(3) | 4,614 | 367,828 | |||||||||
Etsy, Inc.(2) | 2,330 | 463,181 | |||||||||
4,250,469 | |||||||||||
IT Services — 1.1% | |||||||||||
Accenture plc, Class A | 2,479 | 718,836 | |||||||||
Adyen NV(2) | 225 | 553,746 | |||||||||
Alten SA(2) | 628 | 78,625 | |||||||||
Amadeus IT Group SA(2) | 4,021 | 273,822 | |||||||||
Amdocs Ltd. | 3,858 | 296,063 | |||||||||
Atos SE(2) | 3,470 | 236,306 | |||||||||
Capgemini SE | 3,106 | 569,165 | |||||||||
Capita plc(2) | 124,985 | 75,438 | |||||||||
DigitalOcean Holdings, Inc.(2) | 1,939 | 84,482 | |||||||||
Edenred | 6,061 | 343,607 | |||||||||
Endava plc, ADR(2) | 780 | 70,621 | |||||||||
GDS Holdings Ltd., ADR(2) | 8,040 | 667,079 | |||||||||
Hennge KK(2) | 300 | 21,276 | |||||||||
I3 Verticals, Inc., Class A(2) | 6,373 | 211,711 | |||||||||
Indra Sistemas SA(2) | 16,788 | 174,676 | |||||||||
Mastercard, Inc., Class A | 2,446 | 934,519 | |||||||||
MAXIMUS, Inc. | 1,711 | 156,796 | |||||||||
Nuvei Corp.(2) | 2,497 | 174,241 | |||||||||
Okta, Inc.(2) | 1,856 | 500,563 | |||||||||
PayPal Holdings, Inc.(2) | 3,814 | 1,000,374 | |||||||||
Perficient, Inc.(2) | 2,858 | 187,513 | |||||||||
Repay Holdings Corp.(2) | 7,709 | 176,151 | |||||||||
Square, Inc., Class A(2) | 1,941 | 475,195 | |||||||||
Twilio, Inc., Class A(2) | 2,805 | 1,031,679 | |||||||||
Visa, Inc., Class A | 3,887 | 907,848 | |||||||||
9,920,332 | |||||||||||
Leisure Products — 0.1% | |||||||||||
BRP, Inc. | 1,322 | 121,450 | |||||||||
Brunswick Corp. | 1,665 | 178,372 | |||||||||
Callaway Golf Co. | 6,078 | 175,958 | |||||||||
Hayward Holdings, Inc.(2) | 9,604 | 191,888 | |||||||||
Peloton Interactive, Inc., Class A(2) | 2,215 | 217,845 | |||||||||
Polaris, Inc. | 2,295 | 321,369 | |||||||||
1,206,882 | |||||||||||
Life Sciences Tools and Services — 0.5% | |||||||||||
10X Genomics, Inc., Class A(2) | 1,603 | 317,073 | |||||||||
Agilent Technologies, Inc. | 4,805 | 642,140 | |||||||||
Akoya Biosciences, Inc.(2) | 2,743 | 61,553 | |||||||||
Bio-Techne Corp. | 1,169 | 499,736 | |||||||||
Lonza Group AG(2) | 614 | 390,329 | |||||||||
Mettler-Toledo International, Inc.(2) | 648 | 851,031 | |||||||||
NeoGenomics, Inc.(2) | 3,409 | 167,007 | |||||||||
Repligen Corp.(2) | 1,952 | 413,258 | |||||||||
Thermo Fisher Scientific, Inc. | 1,503 | 706,756 | |||||||||
Wuxi Biologics Cayman, Inc.(2) | 25,000 | 350,945 | |||||||||
4,399,828 | |||||||||||
Machinery — 0.8% | |||||||||||
CKD Corp. | 4,400 | 92,701 | |||||||||
Crane Co. | 3,132 | 294,596 | |||||||||
Cummins, Inc. | 3,423 | 862,733 | |||||||||
Evoqua Water Technologies Corp.(2) | 6,876 | 196,516 | |||||||||
FANUC Corp. | 1,200 | 276,339 | |||||||||
Graco, Inc. | 5,145 | 395,136 | |||||||||
IHI Corp.(2) | 4,400 | 88,857 | |||||||||
IMI plc | 28,865 | 634,297 | |||||||||
Japan Steel Works Ltd. (The) | 3,200 | 77,735 | |||||||||
Knorr-Bremse AG | 2,493 | 305,582 | |||||||||
Kornit Digital Ltd.(2) | 939 | 91,797 | |||||||||
Metso Outotec Oyj | 13,684 | 153,727 | |||||||||
Oshkosh Corp. | 4,607 | 573,249 | |||||||||
PACCAR, Inc. | 4,317 | 388,012 | |||||||||
Parker-Hannifin Corp. | 5,053 | 1,585,682 | |||||||||
Rexnord Corp. | 8,412 | 420,011 | |||||||||
Techtronic Industries Co. Ltd. | 28,000 | 508,053 | |||||||||
Timken Co. (The) | 2,761 | 231,565 | |||||||||
Trelleborg AB, B Shares | 3,830 | 99,641 | |||||||||
Tsubaki Nakashima Co. Ltd. | 5,100 | 76,066 | |||||||||
Weir Group plc (The)(2) | 4,767 | 126,165 | |||||||||
Westinghouse Air Brake Technologies Corp. | 3,375 | 276,986 | |||||||||
7,755,446 | |||||||||||
Media — 0.3% | |||||||||||
Atresmedia Corp. de Medios de Comunicacion SA(2) | 15,152 | 72,922 | |||||||||
Comcast Corp., Class A | 6,066 | 340,606 | |||||||||
Fox Corp., Class B | 21,795 | 792,902 | |||||||||
Future plc | 3,920 | 127,729 | |||||||||
Nippon Television Holdings, Inc. | 6,300 | 82,943 | |||||||||
Nordic Entertainment Group AB, B Shares(2) | 2,144 | 99,455 | |||||||||
ProSiebenSat.1 Media SE(2) | 5,678 | 123,318 | |||||||||
Publicis Groupe SA | 8,014 | 518,665 | |||||||||
TV Asahi Holdings Corp. | 5,165 | 94,661 | |||||||||
WPP plc | 48,450 | 653,208 | |||||||||
2,906,409 | |||||||||||
Metals and Mining — 0.1% | |||||||||||
APERAM SA | 2,153 | 111,434 | |||||||||
Mineral Resources Ltd. | 2,640 | 96,414 | |||||||||
MMC Norilsk Nickel PJSC | 1,493 | 509,353 | |||||||||
Nickel Mines Ltd. | 81,083 | 70,687 | |||||||||
OZ Minerals Ltd. | 6,924 | 126,322 | |||||||||
Teck Resources Ltd., Class B | 9,384 | 198,659 | |||||||||
1,112,869 | |||||||||||
Mortgage Real Estate Investment Trusts (REITs)† | |||||||||||
PennyMac Mortgage Investment Trust | 9,796 | 196,410 | |||||||||
Multi-Utilities — 0.1% | |||||||||||
NorthWestern Corp. | 14,073 | 957,386 | |||||||||
Multiline Retail — 0.2% | |||||||||||
Dollar Tree, Inc.(2) | 6,371 | 732,028 | |||||||||
Isetan Mitsukoshi Holdings Ltd. | 15,200 | 106,500 | |||||||||
Magazine Luiza SA | 65,348 | 241,203 | |||||||||
Ryohin Keikaku Co. Ltd. | 5,700 | 120,049 | |||||||||
Target Corp. | 1,532 | 317,522 | |||||||||
1,517,302 | |||||||||||
Oil, Gas and Consumable Fuels — 0.5% | |||||||||||
Cimarex Energy Co. | 4,301 | 284,726 | |||||||||
ConocoPhillips | 28,534 | 1,459,229 | |||||||||
Eni SpA | 30,839 | 367,320 | |||||||||
Gazprom PJSC, ADR | 27,567 | 167,159 | |||||||||
Gazprom PJSC | 58,762 | 179,158 | |||||||||
Neste Oyj | 6,608 | 399,591 | |||||||||
Parex Resources, Inc.(2)(3) | 10,706 | 201,638 | |||||||||
PetroChina Co. Ltd., H Shares | 842,000 | 304,609 | |||||||||
Pioneer Natural Resources Co. | 2,354 | 362,116 | |||||||||
Surgutneftegas PJSC, Preference Shares | 899,228 | 512,243 | |||||||||
TOTAL SE | 12,331 | 545,002 | |||||||||
Whitecap Resources, Inc. | 12,109 | 53,001 | |||||||||
4,835,792 | |||||||||||
Paper and Forest Products — 0.1% | |||||||||||
Louisiana-Pacific Corp. | 2,875 | 189,405 | |||||||||
Mondi plc | 30,746 | 834,561 | |||||||||
1,023,966 | |||||||||||
Personal Products — 0.1% | |||||||||||
Estee Lauder Cos., Inc. (The), Class A | 1,278 | 401,037 | |||||||||
Shiseido Co. Ltd. | 9,000 | 654,941 | |||||||||
1,055,978 | |||||||||||
Pharmaceuticals — 0.7% | |||||||||||
ALK-Abello A/S(2) | 265 | 114,760 | |||||||||
Arvinas, Inc.(2) | 961 | 66,251 | |||||||||
AstraZeneca plc, ADR | 12,759 | 677,120 | |||||||||
Axsome Therapeutics, Inc.(2) | 1,188 | 71,827 | |||||||||
Bristol-Myers Squibb Co. | 9,051 | 564,963 | |||||||||
Dermapharm Holding SE | 1,118 | 97,715 | |||||||||
Edgewise Therapeutics, Inc.(2) | 2,573 | 73,691 | |||||||||
GlaxoSmithKline plc | 51,898 | 959,062 | |||||||||
Harmony Biosciences Holdings, Inc.(2) | 1,438 | 42,133 | |||||||||
Laboratorios Farmaceuticos Rovi SA | 962 | 55,766 | |||||||||
Merck & Co., Inc. | 7,920 | 590,040 | |||||||||
Novartis AG | 4,008 | 342,028 | |||||||||
Novo Nordisk A/S, B Shares | 8,788 | 648,268 | |||||||||
Reata Pharmaceuticals, Inc., Class A(2) | 319 | 32,347 | |||||||||
Sanofi | 3,532 | 370,303 | |||||||||
Sanofi, ADR | 9,601 | 502,804 | |||||||||
Takeda Pharmaceutical Co. Ltd. | 15,300 | 511,028 | |||||||||
Zoetis, Inc. | 1,975 | 341,734 | |||||||||
6,061,840 | |||||||||||
Professional Services — 0.3% | |||||||||||
ASGN, Inc.(2) | 1,281 | 134,736 | |||||||||
CoStar Group, Inc.(2) | 418 | 357,152 | |||||||||
DKSH Holding AG | 1,374 | 110,572 | |||||||||
en-japan, Inc. | 2,300 | 69,767 | |||||||||
IHS Markit Ltd. | 1,723 | 185,360 | |||||||||
IR Japan Holdings Ltd. | 800 | 104,785 | |||||||||
Korn Ferry | 3,263 | 221,525 | |||||||||
Recruit Holdings Co. Ltd. | 11,200 | 504,980 | |||||||||
Teleperformance | 1,057 | 408,154 | |||||||||
TransUnion | 2,630 | 275,072 | |||||||||
Verisk Analytics, Inc. | 2,062 | 388,068 | |||||||||
2,760,171 | |||||||||||
Real Estate Management and Development — 0.2% | |||||||||||
Altus Group Ltd. | 1,534 | 77,514 | |||||||||
Colliers International Group, Inc.(3) | 758 | 81,773 | |||||||||
Colliers International Group, Inc. (Toronto) | 1,344 | 145,471 | |||||||||
CTP NV(2) | 10,713 | 180,960 | |||||||||
ESR Cayman Ltd.(2) | 20,600 | 70,353 | |||||||||
Fastighets AB Balder, B Shares(2) | 1,276 | 73,520 | |||||||||
FirstService Corp. | 1,058 | 171,859 | |||||||||
IWG plc(2) | 18,666 | 94,509 | |||||||||
Redfin Corp.(2) | 1,384 | 97,959 | |||||||||
Samhallsbyggnadsbolaget i Norden AB(3) | 29,436 | 111,965 | |||||||||
Tricon Residential, Inc. | 10,390 | 110,227 | |||||||||
VGP NV | 837 | 146,100 | |||||||||
1,362,210 | |||||||||||
Road and Rail — 0.2% | |||||||||||
Heartland Express, Inc. | 22,610 | 420,320 | |||||||||
Norfolk Southern Corp. | 1,741 | 486,157 | |||||||||
TFI International, Inc. | 1,952 | 171,037 | |||||||||
Union Pacific Corp. | 1,671 | 371,112 | |||||||||
1,448,626 | |||||||||||
Semiconductors and Semiconductor Equipment — 1.0% | |||||||||||
Advanced Micro Devices, Inc.(2) | 3,612 | 294,811 | |||||||||
Allegro MicroSystems, Inc.(2) | 2,503 | 61,774 | |||||||||
Applied Materials, Inc. | 4,124 | 547,296 | |||||||||
ASM International NV(3) | 150 | 45,507 | |||||||||
ASML Holding NV | 1,091 | 708,213 | |||||||||
BE Semiconductor Industries NV | 1,178 | 95,141 | |||||||||
Broadcom, Inc. | 718 | 327,552 | |||||||||
Enphase Energy, Inc.(2) | 1,722 | 239,789 | |||||||||
Infineon Technologies AG | 13,065 | 523,914 | |||||||||
MACOM Technology Solutions Holdings, Inc.(2) | 3,707 | 209,853 | |||||||||
Marvell Technology, Inc. | 15,110 | 683,123 | |||||||||
Nova Measuring Instruments Ltd.(2) | 1,459 | 137,686 | |||||||||
NVIDIA Corp. | 1,707 | 1,024,849 | |||||||||
Onto Innovation, Inc.(2) | 2,089 | 143,138 | |||||||||
Optorun Co. Ltd. | 1,600 | 42,815 | |||||||||
Power Integrations, Inc. | 1,786 | 147,899 | |||||||||
Semtech Corp.(2) | 3,552 | 240,613 | |||||||||
Skyworks Solutions, Inc. | 4,395 | 796,945 | |||||||||
SOITEC(2) | 532 | 107,430 | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 33,000 | 694,967 | |||||||||
Teradyne, Inc. | 7,990 | 999,389 | |||||||||
Texas Instruments, Inc. | 3,371 | 608,499 | |||||||||
Veeco Instruments, Inc.(2) | 4,327 | 99,564 | |||||||||
Xilinx, Inc. | 3,750 | 479,850 | |||||||||
9,260,617 | |||||||||||
Software — 1.7% | |||||||||||
Adobe, Inc.(2) | 1,113 | 565,782 | |||||||||
Atlassian Corp. plc, Class A(2) | 3,143 | 746,651 | |||||||||
Cadence Design Systems, Inc.(2) | 10,828 | 1,426,806 | |||||||||
CDK Global, Inc. | 6,694 | 358,731 | |||||||||
Coupa Software, Inc.(2) | 1,248 | 335,762 | |||||||||
Dassault Systemes SE | 1,534 | 355,846 | |||||||||
Descartes Systems Group, Inc. (The)(2) | 846 | 54,120 | |||||||||
DocuSign, Inc.(2) | 4,318 | 962,655 |
Everbridge, Inc.(2) | 1,033 | 137,089 | |||||||||
Five9, Inc.(2) | 1,054 | 198,120 | |||||||||
fuboTV, Inc.(2)(3) | 2,493 | 50,259 | |||||||||
HubSpot, Inc.(2) | 2,165 | 1,139,764 | |||||||||
JFrog Ltd.(2)(3) | 1,623 | 79,576 | |||||||||
Manhattan Associates, Inc.(2) | 9,427 | 1,293,762 | |||||||||
Microsoft Corp. | 17,395 | 4,386,671 | |||||||||
Model N, Inc.(2) | 4,347 | 172,924 | |||||||||
nCino, Inc.(2) | 2,432 | 159,028 | |||||||||
Open Text Corp. | 9,134 | 430,211 | |||||||||
Palo Alto Networks, Inc.(2) | 2,965 | 1,047,801 | |||||||||
Paylocity Holding Corp.(2) | 664 | 128,311 | |||||||||
RingCentral, Inc., Class A(2) | 2,202 | 702,328 | |||||||||
SailPoint Technologies Holdings, Inc.(2) | 3,913 | 191,072 | |||||||||
salesforce.com, Inc.(2) | 1,696 | 390,623 | |||||||||
Sinch AB(2) | 92 | 14,367 | |||||||||
Splunk, Inc.(2) | 2,109 | 266,620 | |||||||||
Sprout Social, Inc., Class A(2) | 4,744 | 314,480 | |||||||||
Workday, Inc., Class A(2) | 683 | 168,701 | |||||||||
16,078,060 | |||||||||||
Specialty Retail — 0.8% | |||||||||||
Advance Auto Parts, Inc. | 5,371 | 1,075,059 | |||||||||
American Eagle Outfitters, Inc. | 6,334 | 218,966 | |||||||||
Arko Corp.(2) | 9,801 | 103,106 | |||||||||
Burlington Stores, Inc.(2) | 2,694 | 879,133 | |||||||||
Carvana Co.(2) | 1,436 | 409,633 | |||||||||
Five Below, Inc.(2) | 2,017 | 405,962 | |||||||||
Floor & Decor Holdings, Inc., Class A(2) | 4,255 | 471,965 | |||||||||
Home Depot, Inc. (The) | 4,737 | 1,533,225 | |||||||||
Kingfisher plc(2) | 76,883 | 379,545 | |||||||||
Leslie's, Inc.(2) | 8,116 | 230,657 | |||||||||
Lithia Motors, Inc., Class A | 492 | 189,115 | |||||||||
Musti Group Oyj(2) | 2,541 | 95,781 | |||||||||
National Vision Holdings, Inc.(2) | 3,575 | 180,216 | |||||||||
Nextage Co. Ltd. | 5,200 | 82,323 | |||||||||
Pets at Home Group plc | 17,717 | 108,722 | |||||||||
TJX Cos., Inc. (The) | 9,633 | 683,943 | |||||||||
Watches of Switzerland Group plc(2) | 9,951 | 100,760 | |||||||||
WH Smith plc(2) | 3,701 | 92,474 | |||||||||
7,240,585 | |||||||||||
Technology Hardware, Storage and Peripherals — 0.4% | |||||||||||
Apple, Inc. | 25,828 | 3,395,349 | |||||||||
HP, Inc. | 21,808 | 743,871 | |||||||||
4,139,220 | |||||||||||
Textiles, Apparel and Luxury Goods — 0.4% | |||||||||||
ANTA Sports Products Ltd. | 20,000 | 356,768 | |||||||||
Asics Corp. | 4,300 | 68,326 | |||||||||
Capri Holdings Ltd.(2) | 3,574 | 196,856 | |||||||||
Crocs, Inc.(2) | 2,191 | 219,363 | |||||||||
Dr. Martens plc(2) | 12,334 | 82,397 | |||||||||
lululemon athletica, Inc.(2) | 2,120 | 710,772 | |||||||||
LVMH Moet Hennessy Louis Vuitton SE | 688 | 518,305 | |||||||||
NIKE, Inc., Class B | 5,827 | 772,777 | |||||||||
Pandora A/S(2) | 941 | 106,567 | |||||||||
Puma SE(2) | 3,671 | 387,005 |
VF Corp. | 3,971 | 348,098 | |||||||||
3,767,234 | |||||||||||
Thrifts and Mortgage Finance† | |||||||||||
Capitol Federal Financial, Inc. | 18,985 | 245,381 | |||||||||
NMI Holdings, Inc., Class A(2) | 3,580 | 92,507 | |||||||||
337,888 | |||||||||||
Trading Companies and Distributors — 0.3% | |||||||||||
AddTech AB, B Shares | 3,053 | 53,223 | |||||||||
Applied Industrial Technologies, Inc. | 1,641 | 156,978 | |||||||||
Ashtead Group plc | 5,680 | 364,945 | |||||||||
Beacon Roofing Supply, Inc.(2) | 3,194 | 179,918 | |||||||||
Diploma plc | 3,574 | 141,492 | |||||||||
Electrocomponents plc | 9,878 | 145,387 | |||||||||
Finning International, Inc. | 7,914 | 205,971 | |||||||||
Grafton Group plc | 7,420 | 122,239 | |||||||||
Howden Joinery Group plc(2) | 11,283 | 126,048 | |||||||||
MSC Industrial Direct Co., Inc., Class A | 9,278 | 836,504 | |||||||||
Seven Group Holdings Ltd.(3) | 8,452 | 139,697 | |||||||||
W.W. Grainger, Inc. | 1,264 | 547,995 | |||||||||
Yamazen Corp. | 5,500 | 49,157 | |||||||||
3,069,554 | |||||||||||
TOTAL COMMON STOCKS (Cost $164,224,384) | 253,061,067 | ||||||||||
U.S. TREASURY SECURITIES — 12.6% | |||||||||||
U.S. Treasury Bills, 0.06%, 9/2/21(4) | 100,000 | 99,996 | |||||||||
U.S. Treasury Bills, 0.04%, 9/30/21(4) | 115,000 | 114,993 | |||||||||
U.S. Treasury Bonds, 1.125%, 5/15/40 | 7,800,000 | 6,527,016 | |||||||||
U.S. Treasury Bonds, 3.125%, 8/15/44(5) | 200,000 | 232,390 | |||||||||
U.S. Treasury Bonds, 2.50%, 2/15/45(5) | 1,060,000 | 1,106,789 | |||||||||
U.S. Treasury Bonds, 3.00%, 5/15/45(5) | 560,000 | 637,744 | |||||||||
U.S. Treasury Bonds, 3.00%, 11/15/45 | 100,000 | 114,070 | |||||||||
U.S. Treasury Bonds, 1.375%, 8/15/50 | 4,600,000 | 3,688,984 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/25 | 1,046,970 | 1,232,742 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.375%, 1/15/27 | 326,203 | 403,526 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.50%, 1/15/29 | 1,391,045 | 1,800,723 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 3.375%, 4/15/32 | 148,245 | 218,515 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.125%, 2/15/40 | 730,458 | 1,063,776 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 2.125%, 2/15/41 | 985,296 | 1,446,225 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.625%, 2/15/43 | 1,110,165 | 1,275,984 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 1.375%, 2/15/44 | 2,991,983 | 3,974,725 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45 | 2,637,135 | 3,111,806 | |||||||||
U.S. Treasury Inflation Indexed Bonds, 0.875%, 2/15/47 | 599,539 | 736,037 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/22 | 1,888,013 | 1,961,928 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/24 | 5,638,650 | 6,130,321 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 4/15/24 | 5,633,928 | 6,131,505 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 10/15/24 | 2,922,960 | 3,183,368 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.25%, 1/15/25 | 4,443,840 | 4,860,758 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 4/15/25 | 3,667,356 | 3,999,537 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.625%, 1/15/26 | 3,875,935 | 4,351,717 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.125%, 7/15/26 | 6,312,120 | 6,976,243 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.50%, 1/15/28 | 1,973,506 | 2,224,603 | |||||||||
U.S. Treasury Inflation Indexed Notes, 0.875%, 1/15/29 | 1,980,009 | 2,299,960 | |||||||||
U.S. Treasury Notes, 0.25%, 6/15/23 | 9,250,000 | 9,263,369 | |||||||||
U.S. Treasury Notes, 0.25%, 5/31/25 | 9,900,000 | 9,750,920 |
U.S. Treasury Notes, 0.75%, 3/31/26 | 11,000,000 | 10,957,891 | |||||||||
U.S. Treasury Notes, 0.50%, 4/30/27 | 6,500,000 | 6,272,881 | |||||||||
U.S. Treasury Notes, 2.25%, 8/15/27(5) | 400,000 | 426,539 | |||||||||
U.S. Treasury Notes, 1.25%, 3/31/28 | 10,000,000 | 9,971,875 | |||||||||
U.S. Treasury Notes, 0.625%, 5/15/30 | 1,700,000 | 1,564,266 | |||||||||
U.S. Treasury Notes, 1.125%, 2/15/31 | 100,000 | 95,508 | |||||||||
TOTAL U.S. TREASURY SECURITIES (Cost $112,580,858) | 118,209,230 | ||||||||||
CORPORATE BONDS — 4.8% | |||||||||||
Aerospace and Defense — 0.1% | |||||||||||
Bombardier, Inc., 6.00%, 10/15/22(6) | 35,000 | 35,053 | |||||||||
Howmet Aerospace, Inc., 5.125%, 10/1/24 | 115,000 | 126,212 | |||||||||
TransDigm, Inc., 6.375%, 6/15/26 | 50,000 | 51,915 | |||||||||
TransDigm, Inc., 4.625%, 1/15/29(6) | 540,000 | 533,050 | |||||||||
746,230 | |||||||||||
Airlines — 0.1% | |||||||||||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(6) | 594,000 | 624,442 | |||||||||
United Airlines Holdings, Inc., 5.00%, 2/1/24 | 85,000 | 87,550 | |||||||||
711,992 | |||||||||||
Auto Components† | |||||||||||
ZF North America Capital, Inc., 4.75%, 4/29/25(6) | 105,000 | 113,393 | |||||||||
Automobiles — 0.1% | |||||||||||
BMW Finance NV, MTN, 1.00%, 2/15/22 | EUR | 10,000 | 12,157 | ||||||||
BMW Finance NV, MTN, 0.875%, 4/3/25 | EUR | 50,000 | 62,468 | ||||||||
General Motors Co., 5.15%, 4/1/38 | $ | 360,000 | 423,540 | ||||||||
498,165 | |||||||||||
Banks — 0.7% | |||||||||||
Akbank T.A.S., 5.00%, 10/24/22 | 130,000 | 132,449 | |||||||||
Avi Funding Co. Ltd., 3.80%, 9/16/25(6) | 255,000 | 278,629 | |||||||||
Banco Santander SA, MTN, 2.50%, 3/18/25 | EUR | 200,000 | 259,715 | ||||||||
Barclays Bank plc, MTN, 6.625%, 3/30/22 | EUR | 50,000 | 63,763 | ||||||||
Barclays plc, MTN, VRN, 1.375%, 1/24/26 | EUR | 100,000 | 125,236 | ||||||||
Barclays plc, MTN, VRN, 2.00%, 2/7/28 | EUR | 100,000 | 123,758 | ||||||||
BPCE SA, VRN, 2.75%, 7/8/26 | EUR | 100,000 | 120,841 | ||||||||
CaixaBank SA, MTN, VRN, 2.75%, 7/14/28 | EUR | 200,000 | 251,876 | ||||||||
CaixaBank SA, MTN, VRN, 2.25%, 4/17/30 | EUR | 400,000 | 504,186 | ||||||||
Citigroup, Inc., VRN, 3.52%, 10/27/28 | $ | 340,000 | 370,034 | ||||||||
Co-Operative Bank plc (The), 4.75%, 11/11/21 (Secured) | GBP | 200,000 | 281,901 | ||||||||
Commerzbank AG, MTN, 4.00%, 3/23/26 | EUR | 250,000 | 335,847 | ||||||||
Cooperatieve Rabobank UA, VRN, 2.50%, 5/26/26 | EUR | 150,000 | 180,641 | ||||||||
Credit Agricole SA, MTN, 7.375%, 12/18/23 | GBP | 100,000 | 161,019 | ||||||||
European Financial Stability Facility, MTN, 2.125%, 2/19/24 | EUR | 399,000 | 516,060 | ||||||||
European Financial Stability Facility, MTN, 0.40%, 5/31/26 | EUR | 400,000 | 500,139 | ||||||||
European Financial Stability Facility, MTN, 2.35%, 7/29/44 | EUR | 60,000 | 100,907 | ||||||||
HSBC Bank plc, MTN, VRN, 5.375%, 11/4/30 | GBP | 50,000 | 81,125 | ||||||||
ING Groep NV, MTN, 2.125%, 1/10/26 | EUR | 400,000 | 525,212 | ||||||||
Intercorp Financial Services, Inc., 4.125%, 10/19/27(6) | $ | 305,000 | 296,582 | ||||||||
Intesa Sanpaolo SpA, MTN, 6.625%, 9/13/23 | EUR | 220,000 | 300,936 | ||||||||
Kreditanstalt fuer Wiederaufbau, 4.625%, 1/4/23 | EUR | 300,000 | 392,960 | ||||||||
Lloyds Bank plc, MTN, 7.625%, 4/22/25 | GBP | 120,000 | 206,613 | ||||||||
Wells Fargo & Co., VRN, 3.07%, 4/30/41 | $ | 405,000 | 400,479 | ||||||||
6,510,908 | |||||||||||
Beverages† | |||||||||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46 | 370,000 | 442,733 | |||||||||
Biotechnology — 0.1% | |||||||||||
AbbVie, Inc., 4.55%, 3/15/35 | 110,000 | 130,398 | |||||||||
AbbVie, Inc., 4.40%, 11/6/42 | 240,000 | 278,064 | |||||||||
Gilead Sciences, Inc., 3.65%, 3/1/26 | 390,000 | 430,725 | |||||||||
839,187 | |||||||||||
Capital Markets — 0.1% | |||||||||||
Criteria Caixa SA, MTN, 1.50%, 5/10/23 | EUR | 100,000 | 123,939 | ||||||||
Goldman Sachs Group, Inc. (The), 5.50%, 10/12/21 | GBP | 150,000 | 211,470 | ||||||||
Goldman Sachs Group, Inc. (The), VRN, 3.69%, 6/5/28 | $ | 265,000 | 292,232 | ||||||||
MDGH - GMTN B.V., 3.25%, 4/28/22(6) | 102,000 | 105,051 | |||||||||
732,692 | |||||||||||
Chemicals† | |||||||||||
Equate Petrochemical BV, 4.25%, 11/3/26(6) | 82,000 | 90,727 | |||||||||
Olin Corp., 5.125%, 9/15/27 | 60,000 | 62,716 | |||||||||
153,443 | |||||||||||
Consumer Finance — 0.1% | |||||||||||
Navient Corp., 4.875%, 3/15/28 | 630,000 | 618,345 | |||||||||
Containers and Packaging — 0.1% | |||||||||||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc, 4.00%, 9/1/29(6) | 396,000 | 394,769 | |||||||||
Ball Corp., 5.25%, 7/1/25 | 35,000 | 39,659 | |||||||||
Mauser Packaging Solutions Holding Co., 5.50%, 4/15/24(6) | 30,000 | 30,168 | |||||||||
Owens-Brockway Glass Container, Inc., 5.875%, 8/15/23(6) | 20,000 | 21,675 | |||||||||
Sealed Air Corp., 5.125%, 12/1/24(6) | 80,000 | 87,350 | |||||||||
573,621 | |||||||||||
Diversified Consumer Services† | |||||||||||
Duke University, 3.30%, 10/1/46 | 220,000 | 233,664 | |||||||||
Diversified Financial Services — 0.3% | |||||||||||
Fiore Capital LLC, VRDN, 0.17%, 5/7/21 (LOC: Wells Fargo Bank N.A.) | 2,500,000 | 2,500,000 | |||||||||
Diversified Telecommunication Services — 0.2% | |||||||||||
Altice France SA, 7.375%, 5/1/26(6) | 175,000 | 181,659 | |||||||||
AT&T, Inc., 2.60%, 12/17/29 | EUR | 120,000 | 166,846 | ||||||||
AT&T, Inc., 3.55%, 9/15/55(6) | $ | 106,000 | 97,832 | ||||||||
AT&T, Inc., 3.80%, 12/1/57(6) | 193,000 | 184,422 | |||||||||
Deutsche Telekom International Finance BV, MTN, 1.25%, 10/6/23 | GBP | 150,000 | 210,859 | ||||||||
Deutsche Telekom International Finance BV, MTN, 0.875%, 1/30/24 | EUR | 40,000 | 49,508 | ||||||||
Hughes Satellite Systems Corp., 5.25%, 8/1/26 | $ | 100,000 | 110,300 | ||||||||
Lumen Technologies, Inc., 5.80%, 3/15/22 | 20,000 | 20,655 | |||||||||
Ooredoo International Finance Ltd., 3.75%, 6/22/26(6) | 153,000 | 168,930 | |||||||||
Turk Telekomunikasyon AS, 4.875%, 6/19/24(6) | 205,000 | 212,823 | |||||||||
Verizon Communications, Inc., 4.40%, 11/1/34 | 275,000 | 320,953 | |||||||||
1,724,787 | |||||||||||
Electric Utilities — 0.2% | |||||||||||
Berkshire Hathaway Energy Co., 3.50%, 2/1/25 | 90,000 | 97,699 | |||||||||
Berkshire Hathaway Energy Co., 3.80%, 7/15/48 | 230,000 | 249,953 | |||||||||
Duke Energy Carolinas LLC, 3.20%, 8/15/49 | 270,000 | 272,979 | |||||||||
Duke Energy Florida LLC, 3.85%, 11/15/42 | 130,000 | 146,390 | |||||||||
Duke Energy Progress LLC, 4.15%, 12/1/44 | 59,000 | 67,737 | |||||||||
Exelon Corp., 4.45%, 4/15/46 | 190,000 | 223,159 | |||||||||
Greenko Investment Co., 4.875%, 8/16/23(6) | 102,000 | 105,004 | |||||||||
Israel Electric Corp. Ltd., 6.875%, 6/21/23(6) | 102,000 | 114,551 | |||||||||
MidAmerican Energy Co., 4.40%, 10/15/44 | 80,000 | 96,519 | |||||||||
NextEra Energy Operating Partners LP, 4.50%, 9/15/27(6) | 40,000 | 43,290 | |||||||||
Northern States Power Co., 3.20%, 4/1/52 | 160,000 | 164,877 | |||||||||
NRG Energy, Inc., 7.25%, 5/15/26 | 50,000 | 51,836 |
Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, MTN, 3.00%, 6/30/30 | 500,000 | 494,375 | |||||||||
Southern Co. Gas Capital Corp., 3.95%, 10/1/46 | 50,000 | 53,889 | |||||||||
Virginia Electric and Power Co., 2.45%, 12/15/50 | 140,000 | 123,100 | |||||||||
2,305,358 | |||||||||||
Energy Equipment and Services† | |||||||||||
Precision Drilling Corp., 5.25%, 11/15/24 | 65,000 | 62,603 | |||||||||
Equity Real Estate Investment Trusts (REITs) — 0.1% | |||||||||||
EPR Properties, 4.95%, 4/15/28 | 374,000 | 391,377 | |||||||||
Equinix, Inc., 5.375%, 5/15/27 | 70,000 | 75,225 | |||||||||
Iron Mountain, Inc., 4.875%, 9/15/29(6) | 675,000 | 688,844 | |||||||||
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24 | 90,000 | 97,152 | |||||||||
1,252,598 | |||||||||||
Food and Staples Retailing† | |||||||||||
Kroger Co. (The), 3.875%, 10/15/46 | 90,000 | 96,479 | |||||||||
Tesco plc, MTN, 5.00%, 3/24/23 | GBP | 50,000 | 74,749 | ||||||||
171,228 | |||||||||||
Food Products — 0.1% | |||||||||||
Lamb Weston Holdings, Inc., 4.625%, 11/1/24(6) | $ | 130,000 | 135,109 | ||||||||
MHP SE, 7.75%, 5/10/24(6) | 128,000 | 135,611 | |||||||||
Post Holdings, Inc., 4.625%, 4/15/30(6) | 560,000 | 566,300 | |||||||||
837,020 | |||||||||||
Gas Utilities† | |||||||||||
Perusahaan Gas Negara Tbk PT, 5.125%, 5/16/24 | 204,000 | 225,018 | |||||||||
Health Care Providers and Services — 0.2% | |||||||||||
CHS / Community Health Systems, Inc., 8.125%, 6/30/24(6) | 60,000 | 62,775 | |||||||||
CHS / Community Health Systems, Inc., 8.00%, 12/15/27(6) | 17,000 | 18,732 | |||||||||
CHS / Community Health Systems, Inc., 6.875%, 4/1/28(6) | 42,000 | 39,750 | |||||||||
CVS Health Corp., 4.30%, 3/25/28 | 141,000 | 160,550 | |||||||||
CVS Health Corp., 4.78%, 3/25/38 | 475,000 | 568,683 | |||||||||
DaVita, Inc., 4.625%, 6/1/30(6) | 510,000 | 517,012 | |||||||||
Team Health Holdings, Inc., 6.375%, 2/1/25(6) | 40,000 | 35,500 | |||||||||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 40,000 | 43,730 | |||||||||
Tenet Healthcare Corp., 5.125%, 5/1/25 | 100,000 | 101,325 | |||||||||
Tenet Healthcare Corp., 6.125%, 10/1/28(6) | 405,000 | 427,883 | |||||||||
1,975,940 | |||||||||||
Hotels, Restaurants and Leisure — 0.2% | |||||||||||
1011778 BC ULC / New Red Finance, Inc., 4.375%, 1/15/28(6) | 232,000 | 235,468 | |||||||||
Boyd Gaming Corp., 6.375%, 4/1/26 | 35,000 | 36,181 | |||||||||
Caesars Resort Collection LLC / CRC Finco, Inc., 5.25%, 10/15/25(6) | 555,000 | 560,210 | |||||||||
Golden Nugget, Inc., 6.75%, 10/15/24(6) | 120,000 | 121,650 | |||||||||
McDonald's Corp., MTN, 4.70%, 12/9/35 | 80,000 | 96,387 | |||||||||
MGM Resorts International, 6.00%, 3/15/23 | 130,000 | 139,313 | |||||||||
Penn National Gaming, Inc., 5.625%, 1/15/27(6) | 150,000 | 156,000 | |||||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25(6) | 150,000 | 160,366 | |||||||||
1,505,575 | |||||||||||
Household Durables — 0.1% | |||||||||||
KB Home, 4.80%, 11/15/29 | 477,000 | 515,346 | |||||||||
Meritage Homes Corp., 5.125%, 6/6/27 | 160,000 | 179,600 | |||||||||
694,946 | |||||||||||
Industrial Conglomerates — 0.1% | |||||||||||
General Electric Co., 4.35%, 5/1/50 | 450,000 | 501,887 | |||||||||
Insurance† | |||||||||||
AXA SA, MTN, VRN, 3.375%, 7/6/47 | EUR | 200,000 | 276,506 | ||||||||
Interactive Media and Services† | |||||||||||
Tencent Holdings Ltd., 3.80%, 2/11/25(6) | $ | 153,000 | 166,096 | ||||||||
Internet and Direct Marketing Retail — 0.1% | |||||||||||
Alibaba Group Holding Ltd., 2.80%, 6/6/23 | 330,000 | 344,771 | |||||||||
Meituan, 3.05%, 10/28/30(6) | 500,000 | 486,920 | |||||||||
Prosus NV, 3.68%, 1/21/30(6) | 500,000 | 523,449 | |||||||||
1,355,140 | |||||||||||
IT Services† | |||||||||||
CDW LLC / CDW Finance Corp., 5.50%, 12/1/24 | 90,000 | 99,506 | |||||||||
Media — 0.4% | |||||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28(6) | 145,000 | 151,706 | |||||||||
CCO Holdings LLC / CCO Holdings Capital Corp., 4.25%, 2/1/31(6) | 520,000 | 520,650 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 6.48%, 10/23/45 | 40,000 | 53,015 | |||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 4.80%, 3/1/50 | 225,000 | 248,259 | |||||||||
CSC Holdings LLC, 5.875%, 9/15/22 | 100,000 | 105,165 | |||||||||
Discovery Communications LLC, 5.20%, 9/20/47 | 215,000 | 252,715 | |||||||||
DISH DBS Corp., 5.00%, 3/15/23 | 135,000 | 141,463 | |||||||||
DISH DBS Corp., 5.875%, 11/15/24 | 140,000 | 151,638 | |||||||||
Gray Television, Inc., 5.875%, 7/15/26(6) | 75,000 | 77,953 | |||||||||
Lamar Media Corp., 3.75%, 2/15/28 | 550,000 | 555,596 | |||||||||
TEGNA, Inc., 4.625%, 3/15/28 | 680,000 | 695,327 | |||||||||
ViacomCBS, Inc., 4.375%, 3/15/43 | 165,000 | 178,891 | |||||||||
WPP Finance 2013, MTN, 3.00%, 11/20/23 | EUR | 100,000 | 130,034 | ||||||||
3,262,412 | |||||||||||
Metals and Mining — 0.3% | |||||||||||
Alcoa Nederland Holding BV, 4.125%, 3/31/29(6) | $ | 400,000 | 409,000 | ||||||||
Cleveland-Cliffs, Inc., 5.75%, 3/1/25 | 160,000 | 164,700 | |||||||||
Cleveland-Cliffs, Inc., 4.625%, 3/1/29(6) | 452,000 | 461,110 | |||||||||
Constellium SE, 3.75%, 4/15/29(6) | 256,000 | 250,886 | |||||||||
First Quantum Minerals Ltd., 7.25%, 4/1/23 | 150,000 | 153,000 | |||||||||
First Quantum Minerals Ltd., 6.50%, 3/1/24(6) | 250,000 | 256,779 | |||||||||
Freeport-McMoRan, Inc., 5.40%, 11/14/34 | 180,000 | 216,958 | |||||||||
Minera Mexico SA de CV, 4.50%, 1/26/50(6) | 500,000 | 528,750 | |||||||||
Teck Resources Ltd., 6.25%, 7/15/41 | 230,000 | 292,333 | |||||||||
2,733,516 | |||||||||||
Multi-Utilities — 0.1% | |||||||||||
Abu Dhabi National Energy Co. PJSC, 3.625%, 1/12/23(6) | 153,000 | 160,958 | |||||||||
Dominion Energy, Inc., 4.90%, 8/1/41 | 70,000 | 85,894 | |||||||||
NiSource, Inc., 5.65%, 2/1/45 | 200,000 | 265,273 | |||||||||
512,125 | |||||||||||
Oil, Gas and Consumable Fuels — 0.5% | |||||||||||
Antero Resources Corp., 7.625%, 2/1/29(6) | 220,000 | 238,854 | |||||||||
BP Capital Markets America, Inc., 2.94%, 6/4/51 | 230,000 | 209,481 | |||||||||
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | 70,000 | 72,013 | |||||||||
Ecopetrol SA, 5.875%, 5/28/45 | 395,000 | 421,190 | |||||||||
Enterprise Products Operating LLC, 4.85%, 3/15/44 | 360,000 | 421,490 | |||||||||
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(6) | 500,000 | 490,239 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 6.51%, 3/7/22(6) | 140,000 | 146,598 | |||||||||
Gazprom PJSC Via Gaz Capital SA, 7.29%, 8/16/37(6) | 140,000 | 194,978 | |||||||||
Kinder Morgan Energy Partners LP, 6.50%, 9/1/39 | 300,000 | 399,573 | |||||||||
MEG Energy Corp., 6.50%, 1/15/25(6) | 58,000 | 59,994 | |||||||||
MEG Energy Corp., 5.875%, 2/1/29(6) | 220,000 | 225,786 | |||||||||
MPLX LP, 4.50%, 4/15/38 | 32,000 | 35,187 | |||||||||
NuStar Logistics LP, 4.75%, 2/1/22 | 40,000 | 40,634 | |||||||||
Petroleos Mexicanos, 4.875%, 1/24/22 | 40,000 | 40,898 | |||||||||
Petroleos Mexicanos, 3.50%, 1/30/23 | 70,000 | 71,470 | |||||||||
Petroleos Mexicanos, 6.50%, 3/13/27 | 140,000 | 148,225 |
Petroleos Mexicanos, 5.50%, 6/27/44 | 230,000 | 187,418 | |||||||||
Saudi Arabian Oil Co., MTN, 4.25%, 4/16/39 | 500,000 | 545,735 | |||||||||
SM Energy Co., 5.00%, 1/15/24 | 80,000 | 76,755 | |||||||||
Southwestern Energy Co., 6.45%, 1/23/25 | 100,000 | 108,125 | |||||||||
Suncor Energy, Inc., 3.75%, 3/4/51 | 200,000 | 200,380 | |||||||||
Targa Resources Partners LP / Targa Resources Partners Finance Corp., 4.25%, 11/15/23 | 84,000 | 84,278 | |||||||||
4,419,301 | |||||||||||
Personal Products† | |||||||||||
Avon Products, Inc., 6.50%, 3/15/23 | 45,000 | 48,347 | |||||||||
Pharmaceuticals — 0.1% | |||||||||||
Bausch Health Cos., Inc., 6.125%, 4/15/25(6) | 195,000 | 199,345 | |||||||||
Viatris, Inc., 4.00%, 6/22/50(6) | 375,000 | 373,483 | |||||||||
572,828 | |||||||||||
Real Estate Management and Development† | |||||||||||
Howard Hughes Corp. (The), 4.375%, 2/1/31(6) | 402,000 | 398,483 | |||||||||
Road and Rail† | |||||||||||
Burlington Northern Santa Fe LLC, 4.95%, 9/15/41 | 18,000 | 22,844 | |||||||||
Burlington Northern Santa Fe LLC, 4.45%, 3/15/43 | 160,000 | 193,607 | |||||||||
Burlington Northern Santa Fe LLC, 4.15%, 4/1/45 | 70,000 | 80,975 | |||||||||
United Rentals North America, Inc., 5.50%, 5/15/27 | 85,000 | 90,738 | |||||||||
388,164 | |||||||||||
Software† | |||||||||||
Oracle Corp., 4.00%, 7/15/46 | 360,000 | 376,652 | |||||||||
Specialty Retail — 0.1% | |||||||||||
Home Depot, Inc. (The), 2.375%, 3/15/51 | 180,000 | 157,426 | |||||||||
Rent-A-Center, Inc., 6.375%, 2/15/29(6) | 160,000 | 173,720 | |||||||||
Suburban Propane Partners LP / Suburban Energy Finance Corp., 5.50%, 6/1/24 | 70,000 | 71,006 | |||||||||
Suburban Propane Partners LP / Suburban Energy Finance Corp., 5.75%, 3/1/25 | 100,000 | 102,364 | |||||||||
504,516 | |||||||||||
Technology Hardware, Storage and Peripherals† | |||||||||||
NCR Corp., 5.125%, 4/15/29(6) | 335,000 | 345,050 | |||||||||
Western Digital Corp., 4.75%, 2/15/26 | 60,000 | 66,600 | |||||||||
411,650 | |||||||||||
Textiles, Apparel and Luxury Goods† | |||||||||||
Hanesbrands, Inc., 4.625%, 5/15/24(6) | 115,000 | 121,301 | |||||||||
Thrifts and Mortgage Finance† | |||||||||||
United Wholesale Mortgage LLC, 5.50%, 4/15/29(6) | 360,000 | 354,251 | |||||||||
Trading Companies and Distributors† | |||||||||||
Beacon Roofing Supply, Inc., 4.875%, 11/1/25(6) | 70,000 | 71,706 | |||||||||
Transportation Infrastructure — 0.1% | |||||||||||
Adani Ports & Special Economic Zone Ltd., 4.00%, 7/30/27 | 500,000 | 520,270 | |||||||||
DP World Crescent Ltd., MTN, 4.85%, 9/26/28 | 500,000 | 567,072 | |||||||||
1,087,342 | |||||||||||
Wireless Telecommunication Services — 0.2% | |||||||||||
C&W Senior Financing DAC, 6.875%, 9/15/27(6) | 228,000 | 242,251 | |||||||||
Millicom International Cellular SA, 5.125%, 1/15/28(6) | 229,500 | 242,529 | |||||||||
Sprint Corp., 7.25%, 9/15/21 | 120,000 | 122,694 | |||||||||
Sprint Corp., 7.875%, 9/15/23 | 75,000 | 85,594 | |||||||||
Sprint Corp., 7.125%, 6/15/24 | 205,000 | 237,004 | |||||||||
T-Mobile USA, Inc., 4.75%, 2/1/28 | 347,000 | 371,290 | |||||||||
T-Mobile USA, Inc., 2.625%, 2/15/29 | 140,000 | 136,555 | |||||||||
T-Mobile USA, Inc., 3.50%, 4/15/31 | 152,000 | 154,470 | |||||||||
1,592,387 | |||||||||||
TOTAL CORPORATE BONDS (Cost $43,454,114) | 44,683,562 | ||||||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 4.2% | |||||||||||
Australia — 0.2% | |||||||||||
Australia Government Bond, 2.75%, 4/21/24 | AUD | 1,219,000 | 1,012,916 | ||||||||
Australia Government Bond, 3.00%, 3/21/47 | AUD | 820,000 | 678,647 | ||||||||
New South Wales Treasury Corp., 3.00%, 3/20/28 | AUD | 395,000 | 339,051 | ||||||||
2,030,614 | |||||||||||
Austria — 0.1% | |||||||||||
Republic of Austria Government Bond, 3.40%, 11/22/22(6) | EUR | 172,000 | 219,941 | ||||||||
Republic of Austria Government Bond, 0.75%, 10/20/26(6) | EUR | 185,000 | 236,973 | ||||||||
Republic of Austria Government Bond, 4.15%, 3/15/37(6) | EUR | 121,000 | 233,029 | ||||||||
689,943 | |||||||||||
Belgium† | |||||||||||
Kingdom of Belgium Government Bond, 4.25%, 3/28/41(6) | EUR | 74,000 | 149,015 | ||||||||
Canada — 0.4% | |||||||||||
Canadian Government Bond, 0.25%, 3/1/26 | CAD | 1,500,000 | 1,181,316 | ||||||||
Province of British Columbia Canada, 3.25%, 12/18/21 | CAD | 594,000 | 492,505 | ||||||||
Province of British Columbia Canada, 2.85%, 6/18/25 | CAD | 809,000 | 707,103 | ||||||||
Province of Quebec Canada, 3.00%, 9/1/23 | CAD | 465,000 | 400,188 | ||||||||
Province of Quebec Canada, 5.75%, 12/1/36 | CAD | 445,000 | 510,530 | ||||||||
Province of Quebec Canada, 5.00%, 12/1/41 | CAD | 30,000 | 33,102 | ||||||||
Province of Quebec Canada, 3.50%, 12/1/48 | CAD | 110,000 | 100,993 | ||||||||
3,425,737 | |||||||||||
Chile† | |||||||||||
Chile Government International Bond, 3.25%, 9/14/21 | $ | 230,000 | 232,022 | ||||||||
China — 1.1% | |||||||||||
China Government Bond, 2.88%, 11/5/23 | CNY | 34,000,000 | 5,271,020 | ||||||||
China Government Bond, 3.25%, 6/6/26 | CNY | 750,000 | 117,402 | ||||||||
China Government Bond, 3.29%, 5/23/29 | CNY | 550,000 | 85,538 | ||||||||
China Government Bond, 2.68%, 5/21/30 | CNY | 24,800,000 | 3,672,749 | ||||||||
China Government Bond, 3.39%, 3/16/50 | CNY | 10,430,000 | 1,525,183 | ||||||||
10,671,892 | |||||||||||
Czech Republic† | |||||||||||
Czech Republic Government Bond, 4.70%, 9/12/22 | CZK | 2,470,000 | 121,309 | ||||||||
Denmark† | |||||||||||
Denmark Government Bond, 0.50%, 11/15/27 | DKK | 600,000 | 101,874 | ||||||||
Denmark Government Bond, 4.50%, 11/15/39 | DKK | 340,000 | 96,835 | ||||||||
198,709 | |||||||||||
Finland — 0.3% | |||||||||||
Finland Government Bond, 4.00%, 7/4/25(6) | EUR | 219,000 | 314,112 | ||||||||
Finland Government Bond, 0.125%, 4/15/36(6) | EUR | 2,250,000 | 2,635,649 | ||||||||
2,949,761 | |||||||||||
Indonesia — 0.1% | |||||||||||
Indonesia Treasury Bond, 8.375%, 9/15/26 | IDR | 6,000,000,000 | 463,907 | ||||||||
Ireland† | |||||||||||
Ireland Government Bond, 3.40%, 3/18/24 | EUR | 283,000 | 379,267 | ||||||||
Italy — 0.2% | |||||||||||
Italy Buoni Poliennali Del Tesoro, 1.50%, 6/1/25 | EUR | 180,000 | 229,420 | ||||||||
Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25 | EUR | 1,338,000 | 1,748,564 | ||||||||
1,977,984 | |||||||||||
Japan — 1.0% | |||||||||||
Japan Government Ten Year Bond, 0.80%, 6/20/23 | JPY | 26,250,000 | 244,917 | ||||||||
Japan Government Thirty Year Bond, 2.40%, 3/20/37 | JPY | 173,800,000 | 2,101,539 | ||||||||
Japan Government Thirty Year Bond, 2.00%, 9/20/41 | JPY | 154,250,000 | 1,829,156 | ||||||||
Japan Government Thirty Year Bond, 1.40%, 12/20/45 | JPY | 28,550,000 | 312,082 | ||||||||
Japan Government Twenty Year Bond, 2.10%, 12/20/26 | JPY | 402,800,000 | 4,140,468 |
Japanese Government CPI Linked Bond, 0.10%, 3/10/29 | JPY | 77,563,550 | 718,575 | ||||||||
9,346,737 | |||||||||||
Malaysia† | |||||||||||
Malaysia Government Bond, 3.96%, 9/15/25 | MYR | 990,000 | 255,075 | ||||||||
Mexico — 0.1% | |||||||||||
Mexican Bonos, 6.50%, 6/9/22 | MXN | 9,190,000 | 462,182 | ||||||||
Mexico Government International Bond, 4.15%, 3/28/27 | $ | 700,000 | 785,313 | ||||||||
1,247,495 | |||||||||||
Namibia — 0.1% | |||||||||||
Namibia International Bond, 5.25%, 10/29/25 | 400,000 | 422,816 | |||||||||
Netherlands — 0.1% | |||||||||||
Netherlands Government Bond, 0.00%, 1/15/22(6)(7) | EUR | 152,000 | 183,562 | ||||||||
Netherlands Government Bond, 0.50%, 7/15/26(6) | EUR | 506,000 | 640,193 | ||||||||
Netherlands Government Bond, 2.75%, 1/15/47(6) | EUR | 82,000 | 157,527 | ||||||||
981,282 | |||||||||||
Norway† | |||||||||||
Norway Government Bond, 2.00%, 5/24/23(6) | NOK | 405,000 | 50,177 | ||||||||
Norway Government Bond, 1.75%, 2/17/27(6) | NOK | 1,880,000 | 233,968 | ||||||||
284,145 | |||||||||||
Peru† | |||||||||||
Peruvian Government International Bond, 5.625%, 11/18/50 | $ | 160,000 | 213,452 | ||||||||
Philippines† | |||||||||||
Philippine Government International Bond, 6.375%, 10/23/34 | 100,000 | 139,837 | |||||||||
Poland† | |||||||||||
Republic of Poland Government Bond, 4.00%, 10/25/23 | PLN | 775,000 | 223,848 | ||||||||
Russia† | |||||||||||
Russian Federal Bond - OFZ, 7.05%, 1/19/28 | RUB | 5,500,000 | 74,519 | ||||||||
Singapore† | |||||||||||
Singapore Government Bond, 3.125%, 9/1/22 | SGD | 377,000 | 293,612 | ||||||||
Spain — 0.1% | |||||||||||
Spain Government Bond, 4.40%, 10/31/23(6) | EUR | 100,000 | 135,039 | ||||||||
Spain Government Bond, 1.60%, 4/30/25(6) | EUR | 132,000 | 170,991 | ||||||||
Spain Government Bond, 5.15%, 10/31/28(6) | EUR | 47,000 | 77,600 | ||||||||
Spain Government Bond, 5.15%, 10/31/44(6) | EUR | 9,000 | 19,497 | ||||||||
403,127 | |||||||||||
Switzerland — 0.1% | |||||||||||
Swiss Confederation Government Bond, 1.25%, 5/28/26 | CHF | 410,000 | 490,449 | ||||||||
Swiss Confederation Government Bond, 2.50%, 3/8/36 | CHF | 71,000 | 107,146 | ||||||||
597,595 | |||||||||||
Thailand — 0.1% | |||||||||||
Thailand Government Bond, 3.625%, 6/16/23 | THB | 4,150,000 | 142,020 | ||||||||
Thailand Government Bond, 3.85%, 12/12/25 | THB | 11,550,000 | 419,069 | ||||||||
561,089 | |||||||||||
Turkey — 0.1% | |||||||||||
Turkey Government International Bond, 6.875%, 3/17/36 | $ | 400,000 | 392,964 | ||||||||
United Kingdom — 0.1% | |||||||||||
United Kingdom Gilt, 0.125%, 1/30/26 | GBP | 800,000 | 1,091,723 | ||||||||
Uruguay† | |||||||||||
Uruguay Government International Bond, 4.125%, 11/20/45 | $ | 80,000 | 91,344 | ||||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $37,384,289) | 39,910,820 | ||||||||||
COMMERCIAL PAPER(8) — 1.8% | |||||||||||
Nordea Bank Abp, 0.19%, 7/13/21(6) | 3,900,000 | 3,899,207 | |||||||||
Ridgefield Funding Co. LLC, 0.19%, 11/2/21(6) | 3,050,000 | 3,046,927 |
Societe Generale SA, 0.19%, 10/21/21(6) | 3,020,000 | 3,017,650 | |||||||||
Toronto-Dominion Bank (The), 0.23%, 4/11/22(6) | 6,610,000 | 6,596,595 | |||||||||
TOTAL COMMERCIAL PAPER (Cost $16,558,271) | 16,560,379 | ||||||||||
MUNICIPAL SECURITIES — 1.7% | |||||||||||
Bay Area Toll Authority Rev., 6.92%, 4/1/40 | 130,000 | 192,502 | |||||||||
California Infrastructure & Economic Development Bank Rev., (Morningstar Enterprises LLC), VRDN, 0.11%, 5/7/21 (LOC: Wells Fargo Bank N.A.) | 220,000 | 220,000 | |||||||||
Kansas City Rev., VRDN, 0.14%, 5/7/21 (LOC: JPMorgan Chase & Co.) | 210,000 | 210,000 | |||||||||
Maricopa County Industrial Development Authority Rev., (San Clemente Apartments LP), VRDN, 0.12%, 5/7/21 (LOC: FNMA)(LIQ FAC: FNMA) | 100,000 | 100,000 | |||||||||
Metropolitan Transportation Authority Rev., 6.69%, 11/15/40 | 30,000 | 41,300 | |||||||||
Metropolitan Transportation Authority Rev., 6.81%, 11/15/40 | 15,000 | 20,848 | |||||||||
Michigan Finance Authority Rev., 4.00%, 8/20/21 (LOC: JPMorgan Chase Bank N.A.) | 3,700,000 | 3,742,531 | |||||||||
Mississippi Business Finance Corp. Rev., (Chevron USA, Inc.), VRDN, 0.03%, 5/3/21 (GA: Chevron Corp.) | 250,000 | 250,000 | |||||||||
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 140,000 | 218,562 | |||||||||
New York City GO, 6.27%, 12/1/37 | 40,000 | 57,300 | |||||||||
Ohio Water Development Authority Water Pollution Control Loan Fund Rev., 4.88%, 12/1/34 | 200,000 | 237,072 | |||||||||
Orange County Housing Finance Authority Rev., (Marbella Pointe Development Group LLLP), VRDN, 0.10%, 5/7/21 (LOC: JPMorgan Chase Bank N.A.) | 3,000,000 | 3,000,000 | |||||||||
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 350,000 | 356,497 | |||||||||
Rutgers The State University of New Jersey Rev., 5.67%, 5/1/40 | 130,000 | 176,130 | |||||||||
Sacramento Municipal Utility District Rev., 6.16%, 5/15/36 | 170,000 | 232,611 | |||||||||
San Francisco Public Utilities Commission Water Rev., 6.00%, 11/1/40 | 135,000 | 183,147 | |||||||||
State of California GO, 4.60%, 4/1/38 | 100,000 | 115,919 | |||||||||
State of California GO, 7.55%, 4/1/39 | 60,000 | 98,829 | |||||||||
State of California GO, 7.30%, 10/1/39 | 90,000 | 139,363 | |||||||||
State of Ohio Rev., VRDN, 0.05%, 5/7/21 | 350,000 | 350,000 | |||||||||
State of Texas Rev., 4.00%, 8/26/21 | 3,980,000 | 4,029,079 | |||||||||
Tempe Industrial Development Authority Rev., (ASUF Brickyard LLC), VRDN, 0.12%, 5/7/21 (LOC: Bank of America N.A.) | 835,000 | 835,000 | |||||||||
Tennis for Charity, Inc. Rev., VRDN, 0.08%, 5/7/21 (LOC: JPMorgan Chase Bank N.A.) | 860,000 | 860,000 | |||||||||
TOTAL MUNICIPAL SECURITIES (Cost $15,235,715) | 15,666,690 | ||||||||||
COLLATERALIZED LOAN OBLIGATIONS — 1.6% | |||||||||||
Ares LVI CLO Ltd., Series 2020-56A, Class C, VRN, 2.58%, (3-month LIBOR plus 2.40%), 10/25/31(6) | 625,000 | 626,950 | |||||||||
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class A2A, VRN, 1.74%, (3-month LIBOR plus 1.55%), 5/15/30(6) | 600,000 | 601,840 | |||||||||
Ares XXXIV CLO Ltd., Series 2015-2A, Class BR2, VRN, 1.79%, (3-month LIBOR plus 1.60%), 4/17/33(6) | 725,000 | 729,128 | |||||||||
Bean Creek CLO Ltd., Series 2015-1A, Class BR, VRN, 1.64%, (3-month LIBOR plus 1.45%), 4/20/31(6) | 550,000 | 548,523 | |||||||||
CBAM Ltd., Series 2018-5A, Class B1, VRN, 1.59%, (3-month LIBOR plus 1.40%), 4/17/31(6) | 625,000 | 623,331 | |||||||||
Dryden CLO Ltd., Series 2019-72A, Class C, VRN, 2.84%, (3-month LIBOR plus 2.65%), 5/15/32(6) | 550,000 | 552,290 | |||||||||
Dryden Senior Loan Fund, Series 2017-50A, Class A1R, VRN, 1.18%, (3-month LIBOR plus 1.00%), 7/15/30(6) | 450,000 | 450,000 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class C, VRN, 2.23%, (3-month LIBOR plus 2.05%), 4/15/33(6) | 400,000 | 392,508 | |||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class D, VRN, 3.33%, (3-month LIBOR plus 3.15%), 4/15/33(6) | 200,000 | 201,394 | |||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class C, VRN, 2.93%, (3-month LIBOR plus 2.75%), 7/24/31(6) | 725,000 | 730,615 | |||||||||
Elmwood CLO VII Ltd., Series 2020-4A, Class C, VRN, 2.44%, (3-month LIBOR plus 2.25%), 1/17/34(6) | 350,000 | 347,476 | |||||||||
Flatiron CLO Ltd., Series 2020-1A, Class C, VRN, 2.70%, (3-month LIBOR plus 2.45%), 11/20/33(6) | 500,000 | 500,578 | |||||||||
Goldentree Loan Management US CLO Ltd., Series 2019-5A, Class A, VRN, 1.49%, (3-month LIBOR plus 1.30%), 10/20/32(6) | 600,000 | 601,390 | |||||||||
Goldentree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 1.31%, (3-month LIBOR plus 1.12%), 7/20/31(6) | 350,000 | 350,808 | |||||||||
Kayne CLO Ltd., Series 2020-9A, Class C, VRN, 2.84%, (3-month LIBOR plus 2.60%), 1/15/34(6) | 500,000 | 502,352 | |||||||||
KKR CLO Ltd., Series 2022A, Class B, VRN, 1.79%, (3-month LIBOR plus 1.60%), 7/20/31(6) | 500,000 | 499,307 | |||||||||
Logan CLO I Ltd., Series 2021-1A, Class C, VRN, 2.08%, (3-month LIBOR plus 1.90%), 7/20/34(6)(9) | 425,000 | 425,000 | |||||||||
Madison Park Funding XXII Ltd., Series 2016-22A, Class BR, VRN, 1.78%, (3-month LIBOR plus 1.60%), 1/15/33(6) | 500,000 | 498,430 |
Magnetite VIII Ltd., Series 2014-8A, Class BR2, VRN, 1.68%, (3-month LIBOR plus 1.50%), 4/15/31(6) | 600,000 | 598,081 | |||||||||
Magnetite XIV-R Ltd., Series 2015-14RA, Class B, VRN, 1.79%, (3-month LIBOR plus 1.60%), 10/18/31(6) | 525,000 | 525,900 | |||||||||
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 2.35%, (3-month LIBOR plus 2.10%), 1/25/32(6) | 450,000 | 451,794 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2018-30A, Class DR, VRN, 3.04%, (3-month LIBOR plus 2.85%), 1/20/31(6) | 250,000 | 250,890 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd., Series 2019-34A, Class C1, VRN, 2.79%, (3-month LIBOR plus 2.60%), 1/20/33(6) | 375,000 | 378,486 | |||||||||
OHA Credit Funding Ltd., Series 2020-7A, Class B, VRN, 1.89%, (3-month LIBOR plus 1.70%), 10/19/32(6) | 500,000 | 500,859 | |||||||||
OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R3, VRN, 3.07%, (3-month LIBOR plus 2.90%), 2/20/34(6) | 375,000 | 376,766 | |||||||||
Parallel Ltd., Series 2020-1A, Class A1, VRN, 2.01%, (3-month LIBOR plus 1.83%), 7/20/31(6) | 550,000 | 550,979 | |||||||||
Reese Park CLO Ltd., Series 2020-1A, Class C1, VRN, 2.63%, (3-month LIBOR plus 2.45%), 10/15/32(6) | 475,000 | 477,432 | |||||||||
Rockford Tower CLO Ltd., Series 2020-1A, Class C, VRN, 2.60%, (3-month LIBOR plus 2.35%), 1/20/32(6) | 400,000 | 400,428 | |||||||||
Symphony CLO XXII Ltd., Series 2020-22A, Class B, VRN, 1.89%, (3-month LIBOR plus 1.70%), 4/18/33(6) | 1,000,000 | 1,004,165 | |||||||||
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $14,630,441) | 14,697,700 | ||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.8% | |||||||||||
Private Sponsor Collateralized Mortgage Obligations — 0.1% | |||||||||||
ABN Amro Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 | 8,837 | 9,092 | |||||||||
Adjustable Rate Mortgage Trust, Series 2004-4, Class 4A1, VRN, 2.69%, 3/25/35 | 38,061 | 38,783 | |||||||||
Banc of America Mortgage Trust, Series 2004-E, Class 2A6 SEQ, VRN, 3.62%, 6/25/34 | 78,209 | 79,877 | |||||||||
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, VRN, 2.19%, 8/25/34 | 72,055 | 73,787 | |||||||||
Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 2M2, VRN, 3.76%, (1-month LIBOR plus 3.65%), 2/25/40(6) | 290,000 | 300,198 | |||||||||
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA4, Class A1, VRN, 2.37%, 10/25/34 | 70,255 | 72,738 | |||||||||
GSR Mortgage Loan Trust, Series 2004-7, Class 3A1, VRN, 2.88%, 6/25/34 | 27,054 | 27,100 | |||||||||
GSR Mortgage Loan Trust, Series 2004-AR5, Class 3A3, VRN, 2.96%, 5/25/34 | 58,454 | 57,676 | |||||||||
GSR Mortgage Loan Trust, Series 2005-AR1, Class 3A1, VRN, 2.87%, 1/25/35 | 77,164 | 78,995 | |||||||||
JPMorgan Mortgage Trust, Series 2013-1, Class 2A2 SEQ, VRN, 2.50%, 3/25/43(6) | 5,012 | 5,079 | |||||||||
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7, VRN, 3.17%, 11/21/34 | 225,522 | 228,029 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 2A, VRN, 2.20%, 11/25/35 | 50,771 | 50,738 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A1, VRN, 2.78%, 2/25/35 | 62,513 | 63,035 | |||||||||
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A2, VRN, 2.78%, 2/25/35 | 19,535 | 19,759 | |||||||||
Sequoia Mortgage Trust, Series 2018-CH2, Class A12 SEQ, VRN, 4.00%, 6/25/48(6) | 32,685 | 32,731 | |||||||||
Sofi Mortgage Trust, Series 2016-1A, Class 1A4 SEQ, VRN, 3.00%, 11/25/46(6) | 61,659 | 63,082 | |||||||||
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 2A1, VRN, 2.43%, 7/25/34 | 45,249 | 46,644 | |||||||||
WaMu Mortgage Pass-Through Certificates, Series 2003-S11, Class 3A5, 5.95%, 11/25/33 | 39,943 | 41,322 | |||||||||
1,288,665 | |||||||||||
U.S. Government Agency Collateralized Mortgage Obligations — 0.7% | |||||||||||
FHLMC, Series 2013-DN2, Class M2, VRN, 4.36%, (1-month LIBOR plus 4.25%), 11/25/23 | 320,010 | 326,328 | |||||||||
FHLMC, Series 2014-DN2, Class M3, VRN, 3.71%, (1-month LIBOR plus 3.60%), 4/25/24 | 280,825 | 280,495 | |||||||||
FHLMC, Series 2014-HQ2, Class M3, VRN, 3.86%, (1-month LIBOR plus 3.75%), 9/25/24 | 925,956 | 952,913 | |||||||||
FHLMC, Series 2016-DNA3, Class M3, VRN, 5.11%, (1-month LIBOR plus 5.00%), 12/25/28 | 630,211 | 668,422 | |||||||||
FHLMC, Series 2016-HQA3, Class M2, VRN, 1.46%, (1-month LIBOR plus 1.35%), 3/25/29 | 5,121 | 5,128 | |||||||||
FHLMC, Series 2016-HQA4, Class M3, VRN, 4.01%, (1-month LIBOR plus 3.90%), 4/25/29 | 1,461,303 | 1,522,927 | |||||||||
FNMA, Series 2014-C02, Class 1M2, VRN, 2.71%, (1-month LIBOR plus 2.60%), 5/25/24 | 241,037 | 241,261 | |||||||||
FNMA, Series 2014-C02, Class 2M2, VRN, 2.71%, (1-month LIBOR plus 2.60%), 5/25/24 | 507,486 | 513,067 | |||||||||
FNMA, Series 2015-C03, Class 1M2, VRN, 5.11%, (1-month LIBOR plus 5.00%), 7/25/25 | 610,940 | 626,257 | |||||||||
FNMA, Series 2015-C04, Class 1M2, VRN, 5.81%, (1-month LIBOR plus 5.70%), 4/25/28 | 251,006 | 266,514 | |||||||||
FNMA, Series 2016-C03, Class 2M2, VRN, 6.01%, (1-month LIBOR plus 5.90%), 10/25/28 | 158,200 | 167,621 | |||||||||
FNMA, Series 2017-C03, Class 1M2, VRN, 3.11%, (1-month LIBOR plus 3.00%), 10/25/29 | 116,684 | 120,032 | |||||||||
FNMA, Series 2018-C04, Class 2M2, VRN, 2.66%, (1-month LIBOR plus 2.55%), 12/25/30 | 870,924 | 889,689 | |||||||||
6,580,654 | |||||||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $7,414,987) | 7,869,319 | ||||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 0.6% | |||||||||||
Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.1% | |||||||||||
FHLMC, VRN, 2.67%, (12-month LIBOR plus 1.87%), 7/1/36 | 25,871 | 27,465 | |||||||||
FHLMC, VRN, 2.35%, (1-year H15T1Y plus 2.14%), 10/1/36 | 76,497 | 81,935 | |||||||||
FHLMC, VRN, 2.52%, (1-year H15T1Y plus 2.26%), 4/1/37 | 78,934 | 84,207 | |||||||||
FHLMC, VRN, 2.32%, (12-month LIBOR plus 1.76%), 9/1/40 | 26,026 | 27,151 | |||||||||
FHLMC, VRN, 3.46%, (12-month LIBOR plus 1.88%), 5/1/41 | 15,502 | 16,194 | |||||||||
FHLMC, VRN, 3.08%, (12-month LIBOR plus 1.86%), 7/1/41 | 59,445 | 63,209 | |||||||||
FHLMC, VRN, 2.02%, (12-month LIBOR plus 1.64%), 2/1/43 | 14,702 | 15,074 | |||||||||
FHLMC, VRN, 2.50%, (12-month LIBOR plus 1.62%), 6/1/43 | 308 | 309 | |||||||||
FHLMC, VRN, 2.84%, (12-month LIBOR plus 1.65%), 6/1/43 | 8,320 | 8,356 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 44,341 | 46,254 | |||||||||
FNMA, VRN, 1.82%, (6-month LIBOR plus 1.57%), 6/1/35 | 60,233 | 62,823 | |||||||||
FNMA, VRN, 1.79%, (6-month LIBOR plus 1.54%), 9/1/35 | 13,455 | 14,028 | |||||||||
FNMA, VRN, 2.44%, (1-year H15T1Y plus 2.16%), 3/1/38 | 68,065 | 72,447 | |||||||||
FNMA, VRN, 2.07%, (12-month LIBOR plus 1.69%), 1/1/40 | 11,758 | 12,232 | |||||||||
FNMA, VRN, 2.27%, (12-month LIBOR plus 1.85%), 3/1/40 | 15,406 | 16,367 | |||||||||
FNMA, VRN, 2.32%, (12-month LIBOR plus 1.77%), 10/1/40 | 25,426 | 26,886 | |||||||||
574,937 | |||||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 0.5% | |||||||||||
FHLMC, 8.00%, 6/1/26 | 2,735 | 2,788 | |||||||||
FHLMC, 8.00%, 6/1/26 | 127 | 140 | |||||||||
FHLMC, 7.00%, 8/1/29 | 582 | 644 | |||||||||
FHLMC, 8.00%, 7/1/30 | 3,351 | 4,038 | |||||||||
FHLMC, 5.50%, 12/1/33 | 81,369 | 93,432 | |||||||||
FHLMC, 6.50%, 5/1/34 | 4,812 | 5,724 | |||||||||
FHLMC, 5.50%, 6/1/35 | 2,167 | 2,429 | |||||||||
FHLMC, 5.00%, 9/1/35 | 1,448 | 1,677 | |||||||||
FHLMC, 5.00%, 9/1/35 | 1,411 | 1,633 | |||||||||
FHLMC, 5.50%, 10/1/35 | 10,509 | 12,049 | |||||||||
FHLMC, 5.50%, 10/1/35 | 5,489 | 6,160 | |||||||||
FHLMC, 5.00%, 11/1/35 | 55,800 | 64,949 | |||||||||
FHLMC, 5.00%, 11/1/35 | 30,184 | 34,954 | |||||||||
FHLMC, 6.50%, 3/1/36 | 409 | 459 | |||||||||
FHLMC, 6.50%, 3/1/36 | 1,283 | 1,442 | |||||||||
FHLMC, 5.50%, 1/1/38 | 46,636 | 54,434 | |||||||||
FHLMC, 6.00%, 2/1/38 | 29,938 | 35,666 | |||||||||
FHLMC, 6.00%, 11/1/38 | 128,134 | 149,196 | |||||||||
FNMA, 7.00%, 5/1/26 | 1,274 | 1,348 | |||||||||
FNMA, 7.00%, 6/1/26 | 515 | 570 | |||||||||
FNMA, 6.50%, 4/1/29 | 4,283 | 4,817 | |||||||||
FNMA, 6.50%, 6/1/29 | 7,428 | 8,349 | |||||||||
FNMA, 6.50%, 6/1/29 | 4,994 | 5,616 | |||||||||
FNMA, 7.00%, 7/1/29 | 678 | 680 | |||||||||
FNMA, 6.50%, 8/1/29 | 5,525 | 6,313 | |||||||||
FNMA, 7.00%, 3/1/30 | 3,520 | 3,871 | |||||||||
FNMA, 7.50%, 9/1/30 | 2,899 | 3,395 | |||||||||
FNMA, 6.50%, 9/1/31 | 20,861 | 23,458 | |||||||||
FNMA, 7.00%, 9/1/31 | 10,717 | 11,345 | |||||||||
FNMA, 6.50%, 1/1/32 | 3,744 | 4,211 | |||||||||
FNMA, 5.50%, 6/1/33 | 27,230 | 31,548 | |||||||||
FNMA, 5.50%, 8/1/33 | 213,944 | 248,192 | |||||||||
FNMA, 5.00%, 11/1/33 | 158,925 | 183,064 | |||||||||
FNMA, 5.50%, 1/1/34 | 113,611 | 130,968 | |||||||||
FNMA, 3.50%, 3/1/34 | 132,025 | 142,016 |
FNMA, 5.50%, 9/1/34 | 7,421 | 8,638 | |||||||||
FNMA, 5.50%, 10/1/34 | 7,609 | 8,767 | |||||||||
FNMA, 6.00%, 10/1/34 | 18,216 | 20,510 | |||||||||
FNMA, 5.00%, 11/1/34 | 43,046 | 47,726 | |||||||||
FNMA, 5.50%, 3/1/35 | 601 | 674 | |||||||||
FNMA, 5.50%, 3/1/35 | 2,128 | 2,384 | |||||||||
FNMA, 5.50%, 3/1/35 | 2,341 | 2,624 | |||||||||
FNMA, 5.50%, 3/1/35 | 9,059 | 10,545 | |||||||||
FNMA, 5.50%, 3/1/35 | 5,835 | 6,618 | |||||||||
FNMA, 5.00%, 4/1/35 | 7,128 | 7,996 | |||||||||
FNMA, 6.00%, 5/1/35 | 3,208 | 3,730 | |||||||||
FNMA, 6.00%, 6/1/35 | 3,909 | 4,405 | |||||||||
FNMA, 6.00%, 6/1/35 | 969 | 1,096 | |||||||||
FNMA, 6.00%, 6/1/35 | 330 | 377 | |||||||||
FNMA, 5.00%, 7/1/35 | 38,174 | 44,171 | |||||||||
FNMA, 5.50%, 7/1/35 | 6,267 | 7,178 | |||||||||
FNMA, 6.00%, 7/1/35 | 18,332 | 21,821 | |||||||||
FNMA, 6.00%, 7/1/35 | 2,760 | 3,107 | |||||||||
FNMA, 6.00%, 7/1/35 | 7,994 | 9,028 | |||||||||
FNMA, 5.50%, 8/1/35 | 4,011 | 4,593 | |||||||||
FNMA, 5.50%, 9/1/35 | 4,269 | 4,781 | |||||||||
FNMA, 5.50%, 9/1/35 | 368 | 428 | |||||||||
FNMA, 5.50%, 9/1/35 | 250 | 291 | |||||||||
FNMA, 5.50%, 9/1/35 | 7,073 | 8,229 | |||||||||
FNMA, 5.50%, 9/1/35 | 27,789 | 32,331 | |||||||||
FNMA, 5.00%, 10/1/35 | 6,313 | 7,204 | |||||||||
FNMA, 5.50%, 10/1/35 | 77,175 | 89,790 | |||||||||
FNMA, 6.00%, 10/1/35 | 16,020 | 18,404 | |||||||||
FNMA, 5.50%, 11/1/35 | 39,683 | 46,173 | |||||||||
FNMA, 6.00%, 11/1/35 | 4,939 | 5,563 | |||||||||
FNMA, 6.50%, 11/1/35 | 2,379 | 2,733 | |||||||||
FNMA, 6.50%, 12/1/35 | 4,507 | 5,085 | |||||||||
FNMA, 6.50%, 4/1/36 | 2,771 | 3,190 | |||||||||
FNMA, 6.00%, 8/1/36 | 3,066 | 3,615 | |||||||||
FNMA, 5.00%, 10/1/36 | 24,815 | 27,494 | |||||||||
FNMA, 5.00%, 11/1/36 | 22,669 | 25,131 | |||||||||
FNMA, 5.50%, 1/1/37 | 222,237 | 258,725 | |||||||||
FNMA, 6.00%, 5/1/37 | 4,135 | 4,916 | |||||||||
FNMA, 6.00%, 7/1/37 | 1,123 | 1,330 | |||||||||
FNMA, 6.50%, 8/1/37 | 1,608 | 1,848 | |||||||||
FNMA, 6.50%, 8/1/37 | 378,860 | 410,364 | |||||||||
FNMA, 5.00%, 4/1/40 | 487,450 | 564,335 | |||||||||
FNMA, 5.00%, 6/1/41 | 378,819 | 437,926 | |||||||||
FNMA, 6.50%, 8/1/47 | 16,898 | 18,357 | |||||||||
FNMA, 6.50%, 9/1/47 | 34,090 | 36,899 | |||||||||
FNMA, 6.50%, 9/1/47 | 1,643 | 1,782 | |||||||||
FNMA, 6.50%, 9/1/47 | 17,997 | 19,475 | |||||||||
GNMA, 9.00%, 4/20/25 | 339 | 371 | |||||||||
GNMA, 7.50%, 10/15/25 | 1,335 | 1,356 | |||||||||
GNMA, 6.00%, 4/15/26 | 383 | 431 | |||||||||
GNMA, 7.50%, 6/15/26 | 1,296 | 1,324 | |||||||||
GNMA, 7.00%, 12/15/27 | 7,312 | 7,342 | |||||||||
GNMA, 7.50%, 12/15/27 | 2,609 | 2,713 | |||||||||
GNMA, 6.00%, 5/15/28 | 4,603 | 5,175 | |||||||||
GNMA, 6.50%, 5/15/28 | 4,109 | 4,597 |
GNMA, 7.00%, 5/15/31 | 11,626 | 13,684 | |||||||||
GNMA, 5.50%, 11/15/32 | 34,083 | 39,453 | |||||||||
GNMA, 6.50%, 10/15/38 | 541,323 | 649,114 | |||||||||
GNMA, 4.50%, 5/20/41 | 493,729 | 553,356 | |||||||||
GNMA, 4.50%, 6/15/41 | 216,272 | 248,484 | |||||||||
GNMA, 3.50%, 4/20/45 | 85,571 | 92,180 | |||||||||
GNMA, 2.50%, 2/20/47 | 58,813 | 61,599 | |||||||||
5,215,141 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $5,243,755) | 5,790,078 | ||||||||||
ASSET-BACKED SECURITIES — 0.5% | |||||||||||
BRE Grand Islander Timeshare Issuer LLC, Series 2017-1A, Class A SEQ, 2.94%, 5/25/29(6) | 159,409 | 163,365 | |||||||||
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 9/17/25(6) | 600,000 | 602,546 | |||||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E, 2.67%, 10/19/37(6) | 1,800,000 | 1,833,620 | |||||||||
MVW Owner Trust, Series 2015-1A, Class A SEQ, 2.52%, 12/20/32(6) | 63,571 | 63,713 | |||||||||
MVW Owner Trust, Series 2017-1A, Class A SEQ, 2.42%, 12/20/34(6) | 25,991 | 26,585 | |||||||||
Sierra Timeshare Receivables Funding LLC, Series 2018-2A, Class B, 3.65%, 6/20/35(6) | 353,121 | 365,080 | |||||||||
Towd Point Mortgage Trust, Series 2018-4, Class A1, VRN, 3.00%, 6/25/58(6) | 656,144 | 681,863 | |||||||||
UAL Pass-Through Trust, Series 2007-1, Class A, 6.64%, 1/2/24 | 43,475 | 45,191 | |||||||||
VSE VOI Mortgage LLC, Series 2016-A, Class A SEQ, 2.54%, 7/20/33(6) | 232,430 | 233,826 | |||||||||
VSE VOI Mortgage LLC, Series 2018-A, Class B, 3.72%, 2/20/36(6) | 398,805 | 418,635 | |||||||||
TOTAL ASSET-BACKED SECURITIES (Cost $4,312,081) | 4,434,424 | ||||||||||
PREFERRED STOCKS — 0.2% | |||||||||||
Diversified Telecommunication Services — 0.1% | |||||||||||
Orange SA, MTN, VRN, 4.00% | 150,000 | 183,571 | |||||||||
Telefonica Europe BV, 3.00% | 400,000 | 495,691 | |||||||||
Telefonica Europe BV, 5.875% | 100,000 | 134,351 | |||||||||
813,613 | |||||||||||
Electric Utilities† | |||||||||||
Enel SpA, 2.25% | 200,000 | 252,638 | |||||||||
Insurance — 0.1% | |||||||||||
Allianz SE, 3.375% | 100,000 | 131,646 | |||||||||
Allianz SE, MTN, 4.75% | 200,000 | 266,569 | |||||||||
AXA SA, MTN, 6.69% | 50,000 | 84,868 | |||||||||
Credit Agricole Assurances SA, 4.25% | 200,000 | 268,963 | |||||||||
Intesa Sanpaolo Vita SpA, 4.75% | 100,000 | 133,120 | |||||||||
885,166 | |||||||||||
Oil, Gas and Consumable Fuels† | |||||||||||
Eni SpA, 3.375% | 300,000 | 382,748 | |||||||||
TOTAL PREFERRED STOCKS (Cost $2,209,724) | 2,334,165 | ||||||||||
CERTIFICATES OF DEPOSIT — 0.2% | |||||||||||
Banks — 0.2% | |||||||||||
Skandinaviska Enskilda Banken AB, 0.18%, 10/4/21 (Cost $1,700,000) | 1,700,000 | 1,700,170 | |||||||||
EXCHANGE-TRADED FUNDS† | |||||||||||
iShares MSCI EAFE Value ETF | 1,418 | 73,580 | |||||||||
iShares Russell Mid-Cap Value ETF | 510 | 58,375 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $113,041) | 131,955 | ||||||||||
RIGHTS† | |||||||||||
Capital Markets† | |||||||||||
Credit Suisse Group AG(2) (Cost $—) | 49,788 | 545 | |||||||||
TEMPORARY CASH INVESTMENTS — 3.4% | |||||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $32,330,915) | 32,330,915 | 32,330,915 | |||||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(10) — 0.1% | |||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $866,632) | 866,632 | 866,632 | |||||||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $743,284,288) | 937,572,191 | ||||||||||
OTHER ASSETS AND LIABILITIES† | (345,649) | ||||||||||
TOTAL NET ASSETS — 100.0% | $ | 937,226,542 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
USD | 2,318,326 | AUD | 2,981,309 | Bank of America N.A. | 6/16/21 | $ | 21,223 | |||||||||||||
BRL | 3,837,266 | USD | 683,700 | Goldman Sachs & Co. | 6/16/21 | 19,997 | ||||||||||||||
BRL | 3,813,836 | USD | 665,127 | Goldman Sachs & Co. | 6/16/21 | 34,273 | ||||||||||||||
BRL | 1,525,534 | USD | 267,183 | Goldman Sachs & Co. | 6/16/21 | 12,577 | ||||||||||||||
USD | 687,005 | BRL | 3,837,266 | Goldman Sachs & Co. | 6/16/21 | (16,692) | ||||||||||||||
CAD | 485,407 | USD | 386,501 | Morgan Stanley | 6/16/21 | 8,448 | ||||||||||||||
CAD | 33,094 | USD | 26,467 | Morgan Stanley | 6/30/21 | 461 | ||||||||||||||
CAD | 51,519 | USD | 41,120 | Morgan Stanley | 6/30/21 | 800 | ||||||||||||||
CAD | 81,960 | USD | 65,608 | Morgan Stanley | 6/30/21 | 1,081 | ||||||||||||||
USD | 1,036,837 | CAD | 1,302,651 | Morgan Stanley | 6/16/21 | (23,059) | ||||||||||||||
USD | 1,158,012 | CAD | 1,450,358 | Morgan Stanley | 6/16/21 | (22,065) | ||||||||||||||
USD | 21,986 | CAD | 27,491 | Morgan Stanley | 6/30/21 | (383) | ||||||||||||||
USD | 277,291 | CAD | 345,213 | Morgan Stanley | 6/30/21 | (3,601) | ||||||||||||||
USD | 133,799 | CAD | 166,573 | Morgan Stanley | 6/30/21 | (1,738) | ||||||||||||||
USD | 9,755 | CAD | 12,222 | Morgan Stanley | 6/30/21 | (190) | ||||||||||||||
USD | 19,277 | CAD | 24,082 | Morgan Stanley | 6/30/21 | (318) | ||||||||||||||
USD | 10,179 | CAD | 12,787 | Morgan Stanley | 6/30/21 | (226) | ||||||||||||||
USD | 11,018 | CAD | 13,875 | Morgan Stanley | 6/30/21 | (272) | ||||||||||||||
USD | 8,417 | CAD | 10,630 | Morgan Stanley | 6/30/21 | (232) | ||||||||||||||
USD | 24,944 | CAD | 31,393 | Morgan Stanley | 6/30/21 | (600) | ||||||||||||||
USD | 134,047 | CAD | 168,276 | Morgan Stanley | 6/30/21 | (2,876) | ||||||||||||||
USD | 14,969 | CAD | 18,715 | Morgan Stanley | 6/30/21 | (259) | ||||||||||||||
USD | 1,112,593 | CHF | 1,026,601 | Morgan Stanley | 6/16/21 | (12,794) | ||||||||||||||
USD | 329,189 | CLP | 235,837,226 | Goldman Sachs & Co. | 6/16/21 | (2,551) | ||||||||||||||
USD | 3,438,195 | CNY | 22,498,858 | Goldman Sachs & Co. | 6/16/21 | (25,233) | ||||||||||||||
USD | 5,157,819 | CNY | 34,041,605 | Goldman Sachs & Co. | 6/16/21 | (82,475) | ||||||||||||||
COP | 2,516,615,158 | USD | 709,747 | Goldman Sachs & Co. | 6/16/21 | (40,679) | ||||||||||||||
CZK | 7,721,083 | USD | 348,503 | UBS AG | 6/16/21 | 10,448 | ||||||||||||||
USD | 441,532 | CZK | 9,648,358 | UBS AG | 6/16/21 | (7,017) | ||||||||||||||
USD | 67,336 | DKK | 417,393 | UBS AG | 6/16/21 | (194) | ||||||||||||||
EUR | 633,711 | USD | 759,772 | JPMorgan Chase Bank N.A. | 5/19/21 | 2,329 | ||||||||||||||
EUR | 53,131 | USD | 63,563 | Credit Suisse AG | 6/30/21 | 388 | ||||||||||||||
EUR | 11,499 | USD | 13,854 | Credit Suisse AG | 6/30/21 | (13) | ||||||||||||||
EUR | 26,036 | USD | 30,612 | Credit Suisse AG | 6/30/21 | 727 | ||||||||||||||
EUR | 32,141 | USD | 38,331 | Credit Suisse AG | 6/30/21 | 355 | ||||||||||||||
USD | 8,350,302 | EUR | 6,972,414 | JPMorgan Chase Bank N.A. | 5/19/21 | (34,720) | ||||||||||||||
USD | 1,278,456 | EUR | 1,069,625 | Credit Suisse AG | 6/30/21 | (9,002) | ||||||||||||||
USD | 537,645 | EUR | 449,822 | Credit Suisse AG | 6/30/21 | (3,786) | ||||||||||||||
USD | 16,838 | EUR | 14,172 | Credit Suisse AG | 6/30/21 | (220) | ||||||||||||||
USD | 16,253 | EUR | 13,784 | Credit Suisse AG | 6/30/21 | (338) | ||||||||||||||
USD | 28,256 | EUR | 23,976 | Credit Suisse AG | 6/30/21 | (604) |
USD | 33,151 | EUR | 28,196 | Credit Suisse AG | 6/30/21 | (787) | ||||||||||||||
USD | 14,161 | EUR | 11,978 | Credit Suisse AG | 6/30/21 | (257) | ||||||||||||||
USD | 61,569 | EUR | 51,736 | Credit Suisse AG | 6/30/21 | (703) | ||||||||||||||
USD | 40,023 | EUR | 33,206 | Credit Suisse AG | 6/30/21 | 55 | ||||||||||||||
USD | 23,278 | EUR | 19,382 | Credit Suisse AG | 6/30/21 | (50) | ||||||||||||||
USD | 23,804 | EUR | 19,660 | Credit Suisse AG | 6/30/21 | 140 | ||||||||||||||
GBP | 100,000 | USD | 137,658 | Bank of America N.A. | 6/16/21 | 461 | ||||||||||||||
GBP | 178,141 | USD | 246,475 | Bank of America N.A. | 6/16/21 | (429) | ||||||||||||||
GBP | 31,247 | USD | 42,942 | JPMorgan Chase Bank N.A. | 6/30/21 | 219 | ||||||||||||||
USD | 43,320 | GBP | 30,978 | Bank of America N.A. | 6/16/21 | 533 | ||||||||||||||
USD | 1,086,927 | GBP | 791,479 | Bank of America N.A. | 6/16/21 | (6,255) | ||||||||||||||
USD | 1,652,748 | GBP | 1,186,169 | JPMorgan Chase Bank N.A. | 6/30/21 | 14,333 | ||||||||||||||
USD | 58,284 | GBP | 42,417 | JPMorgan Chase Bank N.A. | 6/30/21 | (305) | ||||||||||||||
USD | 69,481 | GBP | 49,967 | JPMorgan Chase Bank N.A. | 6/30/21 | 463 | ||||||||||||||
HUF | 100,526,710 | USD | 332,782 | UBS AG | 6/16/21 | 2,747 | ||||||||||||||
USD | 303,924 | HUF | 92,757,603 | UBS AG | 6/16/21 | (5,674) | ||||||||||||||
USD | 43,600 | IDR | 632,117,603 | Goldman Sachs & Co. | 6/16/21 | 133 | ||||||||||||||
ILS | 1,238,314 | USD | 372,492 | UBS AG | 6/16/21 | 8,892 | ||||||||||||||
USD | 333,161 | ILS | 1,100,598 | UBS AG | 6/16/21 | (5,809) | ||||||||||||||
USD | 671,445 | INR | 50,558,458 | Goldman Sachs & Co. | 6/16/21 | (5,773) | ||||||||||||||
JPY | 45,123,566 | USD | 414,976 | Bank of America N.A. | 5/19/21 | (2,062) | ||||||||||||||
JPY | 40,591,895 | USD | 375,701 | Bank of America N.A. | 5/19/21 | (4,255) | ||||||||||||||
JPY | 3,519,180 | USD | 32,427 | Bank of America N.A. | 6/30/21 | (212) | ||||||||||||||
JPY | 2,698,920 | USD | 24,807 | Bank of America N.A. | 6/30/21 | (101) | ||||||||||||||
JPY | 2,404,437 | USD | 22,100 | Bank of America N.A. | 6/30/21 | (90) | ||||||||||||||
JPY | 2,222,640 | USD | 20,388 | Bank of America N.A. | 6/30/21 | (42) | ||||||||||||||
JPY | 1,618,110 | USD | 14,815 | Bank of America N.A. | 6/30/21 | (3) | ||||||||||||||
JPY | 2,656,800 | USD | 24,604 | Bank of America N.A. | 6/30/21 | (283) | ||||||||||||||
JPY | 3,658,770 | USD | 33,303 | Bank of America N.A. | 6/30/21 | 190 | ||||||||||||||
JPY | 1,560,701 | USD | 14,274 | Bank of America N.A. | 6/30/21 | 13 | ||||||||||||||
JPY | 1,709,100 | USD | 15,711 | Bank of America N.A. | 6/30/21 | (66) | ||||||||||||||
USD | 726,918 | JPY | 78,968,506 | Bank of America N.A. | 5/19/21 | 4,297 | ||||||||||||||
USD | 4,145,361 | JPY | 450,889,827 | Bank of America N.A. | 5/19/21 | 19,381 | ||||||||||||||
USD | 353,799 | JPY | 38,549,002 | Bank of America N.A. | 6/30/21 | 916 | ||||||||||||||
USD | 658,358 | JPY | 71,733,060 | Bank of America N.A. | 6/30/21 | 1,704 | ||||||||||||||
USD | 14,559 | JPY | 1,582,764 | Bank of America N.A. | 6/30/21 | 70 | ||||||||||||||
USD | 16,329 | JPY | 1,808,100 | Bank of America N.A. | 6/30/21 | (222) | ||||||||||||||
USD | 13,812 | JPY | 1,525,860 | Bank of America N.A. | 6/30/21 | (156) | ||||||||||||||
USD | 20,020 | JPY | 2,178,900 | Bank of America N.A. | 6/30/21 | 74 | ||||||||||||||
USD | 31,776 | JPY | 3,435,452 | Bank of America N.A. | 6/30/21 | 327 | ||||||||||||||
USD | 51,683 | JPY | 5,580,797 | Bank of America N.A. | 6/30/21 | 595 | ||||||||||||||
USD | 55,774 | JPY | 6,009,907 | Bank of America N.A. | 6/30/21 | 758 | ||||||||||||||
USD | 36,082 | JPY | 3,897,763 | Bank of America N.A. | 6/30/21 | 402 | ||||||||||||||
USD | 20,545 | JPY | 2,219,400 | Bank of America N.A. | 6/30/21 | 229 | ||||||||||||||
KRW | 380,192,507 | USD | 336,826 | Goldman Sachs & Co. | 6/16/21 | 3,258 | ||||||||||||||
USD | 17,362 | KRW | 19,650,384 | Goldman Sachs & Co. | 6/16/21 | (215) | ||||||||||||||
KZT | 119,784,230 | USD | 281,283 | Goldman Sachs & Co. | 6/16/21 | (4,958) | ||||||||||||||
MXN | 10,551,974 | USD | 505,610 | Goldman Sachs & Co. | 6/16/21 | 12,829 | ||||||||||||||
USD | 439,872 | MXN | 9,205,149 | Goldman Sachs & Co. | 6/16/21 | (12,395) | ||||||||||||||
USD | 462,242 | MXN | 9,278,803 | Goldman Sachs & Co. | 6/16/21 | 6,357 | ||||||||||||||
MYR | 2,188,312 | USD | 535,563 | Goldman Sachs & Co. | 6/16/21 | (2,665) | ||||||||||||||
USD | 180,422 | MYR | 743,700 | Goldman Sachs & Co. | 6/16/21 | (684) | ||||||||||||||
NOK | 187,392 | USD | 22,062 | UBS AG | 6/30/21 | 452 | ||||||||||||||
NOK | 134,522 | USD | 16,220 | UBS AG | 6/30/21 | (58) | ||||||||||||||
USD | 264,550 | NOK | 2,226,452 | UBS AG | 6/16/21 | (2,940) |
USD | 400,223 | NOK | 3,394,073 | UBS AG | 6/30/21 | (7,554) | ||||||||||||||
USD | 16,165 | NOK | 136,805 | UBS AG | 6/30/21 | (271) | ||||||||||||||
NZD | 1,026,259 | USD | 740,277 | Bank of America N.A. | 6/16/21 | (6,002) | ||||||||||||||
USD | 688,904 | NZD | 961,847 | Bank of America N.A. | 6/16/21 | 716 | ||||||||||||||
USD | 360,042 | NZD | 501,899 | Bank of America N.A. | 6/16/21 | 941 | ||||||||||||||
PEN | 7,127,169 | USD | 1,930,907 | Goldman Sachs & Co. | 6/16/21 | (46,727) | ||||||||||||||
USD | 906,319 | PEN | 3,402,320 | Goldman Sachs & Co. | 6/16/21 | 6,862 | ||||||||||||||
USD | 476,747 | PEN | 1,831,901 | Goldman Sachs & Co. | 6/16/21 | (7,545) | ||||||||||||||
USD | 477,078 | PEN | 1,833,840 | Goldman Sachs & Co. | 6/16/21 | (7,727) | ||||||||||||||
USD | 915,105 | PHP | 44,762,362 | Goldman Sachs & Co. | 6/16/21 | (6,239) | ||||||||||||||
USD | 172,238 | PLN | 658,828 | UBS AG | 6/16/21 | (1,529) | ||||||||||||||
USD | 80,770 | RUB | 5,983,047 | Goldman Sachs & Co. | 6/16/21 | 1,619 | ||||||||||||||
SEK | 3,999,717 | USD | 473,479 | UBS AG | 6/16/21 | (824) | ||||||||||||||
USD | 343,107 | SEK | 2,916,207 | UBS AG | 6/16/21 | (1,507) | ||||||||||||||
USD | 212,898 | SGD | 285,549 | Bank of America N.A. | 6/16/21 | (1,648) | ||||||||||||||
USD | 1,285,820 | THB | 39,446,379 | Goldman Sachs & Co. | 6/16/21 | 19,296 | ||||||||||||||
TRY | 5,150,692 | USD | 674,483 | UBS AG | 6/16/21 | (65,844) | ||||||||||||||
USD | 602,420 | TRY | 5,150,692 | UBS AG | 6/16/21 | (6,219) | ||||||||||||||
$ | (286,853) |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Korean Treasury 10-Year Bonds | 10 | June 2021 | $ | 1,127,793 | $ | 2,230 | ||||||||
U.K. Gilt 10-Year Bonds | 17 | June 2021 | 2,997,416 | (18,441) | ||||||||||
U.S. Treasury 2-Year Notes | 150 | June 2021 | 33,113,672 | (12,197) | ||||||||||
$ | 37,238,881 | $ | (28,408) |
^Amount represents value and unrealized appreciation (depreciation).
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Notes | 159 | June 2021 | $ | 20,992,969 | $ | 15,179 | ||||||||
U.S. Treasury 10-Year Ultra Notes | 24 | June 2021 | 3,493,125 | (570) | ||||||||||
$ | 24,486,094 | $ | 14,609 |
^Amount represents value and unrealized appreciation (depreciation).
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS§ | |||||||||||||||||||||||
Reference Entity | Type‡ | Fixed Rate Received (Paid) Quarterly | Termination Date | Notional Amount | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Value^ | ||||||||||||||||
Markit CDX North America High Yield Index Series 35 | Sell | 5.00% | 12/20/25 | $ | 3,652,000 | $ | 307,898 | $ | 74,385 | $ | 382,283 |
§Credit default swap agreements enable the fund to buy/sell protection against a credit event of a specific issuer or index. As a seller of credit protection against a security or basket of securities, the fund receives an upfront and/or periodic payment to compensate against potential default events. The fund may attempt to enhance returns by selling protection.
‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.
^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | - | American Depositary Receipt | ||||||
AUD | - | Australian Dollar | ||||||
BRL | - | Brazilian Real | ||||||
CAD | - | Canadian Dollar | ||||||
CDX | - | Credit Derivatives Indexes | ||||||
CHF | - | Swiss Franc | ||||||
CLP | - | Chilean Peso | ||||||
CNY | - | Chinese Yuan | ||||||
COP | - | Colombian Peso | ||||||
CPI | - | Consumer Price Index | ||||||
CZK | - | Czech Koruna | ||||||
DKK | - | Danish Krone | ||||||
EUR | - | Euro | ||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | ||||||
FNMA | - | Federal National Mortgage Association | ||||||
GA | - | Guaranty Agreement | ||||||
GBP | - | British Pound | ||||||
GNMA | - | Government National Mortgage Association | ||||||
GO | - | General Obligation | ||||||
H15T1Y | - | Constant Maturity U.S. Treasury Note Yield Curve Rate Index | ||||||
HUF | - | Hungarian Forint | ||||||
IDR | - | Indonesian Rupiah | ||||||
ILS | - | Israeli Shekel | ||||||
INR | - | Indian Rupee | ||||||
JPY | - | Japanese Yen | ||||||
KRW | - | South Korean Won | ||||||
KZT | - | Kazakhstani Tenge | ||||||
LIBOR | - | London Interbank Offered Rate | ||||||
LIQ FAC | - | Liquidity Facilities | ||||||
LOC | - | Letter of Credit | ||||||
MTN | - | Medium Term Note | ||||||
MXN | - | Mexican Peso | ||||||
MYR | - | Malaysian Ringgit | ||||||
NOK | - | Norwegian Krone | ||||||
NZD | - | New Zealand Dollar | ||||||
PEN | - | Peruvian Sol | ||||||
PHP | - | Philippine Peso | ||||||
PLN | - | Polish Zloty | ||||||
RUB | - | Russian Ruble | ||||||
SEK | - | Swedish Krona | ||||||
SEQ | - | Sequential Payer | ||||||
SGD | - | Singapore Dollar | ||||||
THB | - | Thai Baht | ||||||
TRY | - | Turkish Lira | ||||||
USD | - | United States Dollar | ||||||
VRDN | - | Variable Rate Demand Note. The instrument may be payable upon demand and adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The date of the demand feature is disclosed. | ||||||
VRN | - | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
†Category is less than 0.05% of total net assets.
(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.
(2)Non-income producing.
(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $1,684,861. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(4)The rate indicated is the yield to maturity at purchase.
(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $598,660.
(6)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $56,959,110, which represented 6.1% of total net assets.
(7)Security is a zero-coupon bond.
(8)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.
(9)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.
(10)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $1,796,267, which includes securities collateral of $929,635.
SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
1. Investment Valuations
The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.
Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price. Equity securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.
Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, convertible bonds, municipal securities, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper is valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers. Fixed income securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.
Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred stocks and convertible preferred stocks with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.
Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service. Investments initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Directors or its delegate, in accordance with policies and procedures adopted by the Board of Directors. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The fund also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that the Board of Directors, or its delegate, deems appropriate. The fund may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.
2. Fair Value Measurements
The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.
•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.
•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.
•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).
The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.
The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund’s portfolio holdings.
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Affiliated Funds | 379,324,540 | — | — | ||||||||
Common Stocks | 198,158,693 | 54,902,374 | — | ||||||||
U.S. Treasury Securities | — | 118,209,230 | — | ||||||||
Corporate Bonds | — | 44,683,562 | — | ||||||||
Sovereign Governments and Agencies | — | 39,910,820 | — | ||||||||
Commercial Paper | — | 16,560,379 | — | ||||||||
Municipal Securities | — | 15,666,690 | — | ||||||||
Collateralized Loan Obligations | — | 14,697,700 | — | ||||||||
Collateralized Mortgage Obligations | — | 7,869,319 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 5,790,078 | — | ||||||||
Asset-Backed Securities | — | 4,434,424 | — | ||||||||
Preferred Stocks | — | 2,334,165 | — | ||||||||
Certificates of Deposit | — | 1,700,170 | — | ||||||||
Exchange-Traded Funds | 131,955 | — | — | ||||||||
Rights | — | 545 | — | ||||||||
Temporary Cash Investments | 32,330,915 | — | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 866,632 | — | — | ||||||||
610,812,735 | 326,759,456 | — | |||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | 15,179 | 2,230 | — | ||||||||
Swap Agreements | — | 382,283 | — | ||||||||
Forward Foreign Currency Exchange Contracts | — | 222,369 | — | ||||||||
15,179 | 606,882 | — | |||||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | 12,767 | 18,441 | — | ||||||||
Forward Foreign Currency Exchange Contracts | — | 509,222 | — | ||||||||
12,767 | 527,663 | — |
3. Affiliated Fund Transactions
A summary of transactions for each affiliated fund for the period ended April 30, 2021 follows (amounts in thousands):
Affiliated Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Distributions Received(2) | ||||||||||||||||||
American Century Diversified Corporate Bond ETF | $ | 28,680 | — | — | $ | (469) | $ | 28,211 | 541 | — | $ | 773 | ||||||||||||||
American Century Focused Dynamic Growth ETF | 42,360 | — | $ | 17,620 | 4,031 | 28,771 | 361 | $ | 6,535 | 4 | ||||||||||||||||
American Century Focused Large Cap Value ETF | 23,269 | $ | 11,407 | — | 6,222 | 40,898 | 684 | — | 334 | |||||||||||||||||
American Century Quality Diversified International ETF | 28,262 | 1,071 | 5,158 | 5,709 | 29,884 | 579 | 836 | 267 | ||||||||||||||||||
American Century STOXX U.S. Quality Growth ETF | 58,991 | — | 18,102 | 5,847 | 46,736 | 698 | 8,004 | 88 | ||||||||||||||||||
American Century STOXX U.S. Quality Value ETF | 39,459 | 8,233 | — | 13,313 | 61,005 | 1,237 | — | 621 | ||||||||||||||||||
Avantis Emerging Markets Equity ETF | 35,487 | 431 | 19,606 | 5,136 | 21,448 | 318 | 5,256 | 428 | ||||||||||||||||||
Avantis International Equity ETF | 27,401 | 1,237 | 6,086 | 7,197 | 29,749 | 477 | 480 | 277 | ||||||||||||||||||
Avantis International Small Cap Value ETF | 8,434 | 85 | 1,749 | 3,232 | 10,002 | 155 | 407 | 123 | ||||||||||||||||||
Avantis U.S. Equity ETF | 56,954 | 778 | 11,647 | 17,180 | 63,265 | 872 | 3,995 | 609 | ||||||||||||||||||
Avantis U.S. Small Cap Value ETF | 12,181 | 5,128 | 5,178 | 7,225 | 19,356 | 262 | 1,135 | 172 | ||||||||||||||||||
$ | 361,478 | $ | 28,370 | $ | 85,146 | $ | 74,623 | $ | 379,325 | 6,184 | $ | 26,648 | $ | 3,696 |
(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds. Additional information and attributes of each affiliated fund are available at americancentury.com or avantisinvestors.com.
(2)Distributions received includes distributions from net investment income and from capital gains, if any.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.