American Century Investments®
Quarterly Portfolio Holdings
Strategic Allocation: Conservative Fund
April 30, 2024
| Strategic Allocation: Conservative - Schedule of Investments | ||
| APRIL 30, 2024 (UNAUDITED) | ||
| Shares/Principal Amount ($) | Value ($) | ||||||||||
AFFILIATED FUNDS(1) — 36.8% | |||||||||||
| American Century Diversified Corporate Bond ETF | 389,060 | 17,561,585 | |||||||||
| American Century Emerging Markets Bond ETF | 155,611 | 5,917,886 | |||||||||
American Century Focused Dynamic Growth ETF(2) | 69,009 | 5,451,311 | |||||||||
| American Century Focused Large Cap Value ETF | 87,478 | 5,521,699 | |||||||||
| American Century Multisector Income ETF | 377,777 | 16,060,358 | |||||||||
| American Century Quality Diversified International ETF | 178,723 | 8,630,248 | |||||||||
| American Century Short Duration Strategic Income ETF | 31,790 | 1,610,043 | |||||||||
| American Century U.S. Quality Growth ETF | 164,141 | 13,075,472 | |||||||||
| American Century U.S. Quality Value ETF | 281,977 | 15,438,438 | |||||||||
| Avantis International Equity ETF | 151,656 | 9,385,990 | |||||||||
Avantis International Small Cap Value ETF(3) | 24,798 | 1,598,975 | |||||||||
| Avantis U.S. Equity ETF | 146,333 | 12,474,888 | |||||||||
Avantis U.S. Small Cap Value ETF(3) | 35,409 | 3,129,447 | |||||||||
TOTAL AFFILIATED FUNDS (Cost $96,078,163) | 115,856,340 | ||||||||||
| U.S. TREASURY SECURITIES — 21.1% | |||||||||||
| U.S. Treasury Bonds, 4.50%, 5/15/38 | 1,000,000 | 981,094 | |||||||||
| U.S. Treasury Bonds, 2.25%, 5/15/41 | 1,250,000 | 871,484 | |||||||||
| U.S. Treasury Bonds, 2.00%, 11/15/41 | 1,350,000 | 892,318 | |||||||||
| U.S. Treasury Bonds, 2.375%, 2/15/42 | 7,000,000 | 4,910,117 | |||||||||
| U.S. Treasury Bonds, 3.00%, 5/15/42 | 430,000 | 332,276 | |||||||||
| U.S. Treasury Bonds, 4.75%, 11/15/43 | 50,000 | 49,063 | |||||||||
| U.S. Treasury Bonds, 2.50%, 2/15/45 | 1,700,000 | 1,167,156 | |||||||||
| U.S. Treasury Bonds, 3.00%, 5/15/45 | 600,000 | 449,742 | |||||||||
| U.S. Treasury Bonds, 3.00%, 11/15/45 | 850,000 | 634,611 | |||||||||
| U.S. Treasury Bonds, 1.875%, 2/15/51 | 1,000,000 | 558,555 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 2.375%, 1/15/25 | 82,316 | 82,190 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 2.375%, 1/15/27 | 461,646 | 460,754 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/42 | 686,680 | 521,082 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 0.625%, 2/15/43 | 674,885 | 491,706 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/45 | 3,624,060 | 2,627,314 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 0.875%, 2/15/47 | 642,785 | 466,452 | |||||||||
| U.S. Treasury Inflation-Indexed Bonds, 0.125%, 2/15/51 | 834,365 | 461,771 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.375%, 1/15/27 | 256,936 | 243,075 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 4/15/27 | 3,594,057 | 3,356,472 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.50%, 1/15/28 | 4,403,280 | 4,114,115 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.875%, 1/15/29 | 3,072,500 | 2,881,947 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/30 | 7,236,960 | 6,421,224 | |||||||||
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/32 | 2,278,162 | 1,937,927 | |||||||||
| U.S. Treasury Notes, 4.625%, 2/28/26 | 15,600,000 | 15,481,172 | |||||||||
| U.S. Treasury Notes, 2.25%, 8/15/27 | 300,000 | 276,510 | |||||||||
| U.S. Treasury Notes, 3.50%, 4/30/30 | 1,100,000 | 1,030,842 | |||||||||
| U.S. Treasury Notes, 0.625%, 5/15/30 | 1,250,000 | 984,106 | |||||||||
| U.S. Treasury Notes, 4.375%, 11/30/30 | 9,340,000 | 9,163,051 | |||||||||
U.S. Treasury Notes, 1.875%, 2/15/32(4) | 4,200,000 | 3,433,500 | |||||||||
| U.S. Treasury Notes, VRN, 5.45%, (3-month USBMMY plus 0.13%), 7/31/25 | 1,000,000 | 1,000,497 | |||||||||
TOTAL U.S. TREASURY SECURITIES (Cost $75,919,927) | 66,282,123 | ||||||||||
| COMMON STOCKS — 18.7% | |||||||||||
| Aerospace and Defense — 0.2% | |||||||||||
AAR Corp.(2) | 420 | 29,039 | |||||||||
CAE, Inc.(2) | 794 | 15,319 | |||||||||
| Curtiss-Wright Corp. | 626 | 158,641 | |||||||||
| General Dynamics Corp. | 60 | 17,225 | |||||||||
| HEICO Corp. | 373 | 77,360 | |||||||||
| Huntington Ingalls Industries, Inc. | 424 | 117,418 | |||||||||
| Lockheed Martin Corp. | 131 | 60,906 | |||||||||
| Melrose Industries PLC | 14,233 | 111,819 | |||||||||
Saab AB, B Shares(3) | 177 | 14,013 | |||||||||
| 601,740 | |||||||||||
| Air Freight and Logistics — 0.1% | |||||||||||
Cargojet, Inc.(3) | 418 | 37,347 | |||||||||
| FedEx Corp. | 182 | 47,644 | |||||||||
GXO Logistics, Inc.(2) | 808 | 40,125 | |||||||||
InPost SA(2) | 1,021 | 16,392 | |||||||||
| United Parcel Service, Inc., Class B | 612 | 90,258 | |||||||||
| 231,766 | |||||||||||
| Automobile Components — 0.2% | |||||||||||
Aptiv PLC(2) | 2,471 | 175,441 | |||||||||
| BorgWarner, Inc. | 2,561 | 83,924 | |||||||||
| Cie Generale des Etablissements Michelin SCA | 1,246 | 47,870 | |||||||||
| Continental AG | 985 | 63,839 | |||||||||
| Hyundai Mobis Co. Ltd. | 535 | 87,526 | |||||||||
| Linamar Corp. | 1,497 | 70,497 | |||||||||
| Nifco, Inc. | 600 | 14,504 | |||||||||
| Toyo Tire Corp. | 1,500 | 28,379 | |||||||||
| 571,980 | |||||||||||
| Automobiles — 0.2% | |||||||||||
| Bayerische Motoren Werke AG | 1,172 | 127,689 | |||||||||
| Ferrari NV | 265 | 108,988 | |||||||||
| Mercedes-Benz Group AG | 1,759 | 133,052 | |||||||||
Tesla, Inc.(2) | 517 | 94,756 | |||||||||
Volvo Car AB, Class B(2) | 18,443 | 57,251 | |||||||||
| Winnebago Industries, Inc. | 238 | 14,656 | |||||||||
| 536,392 | |||||||||||
| Banks — 0.6% | |||||||||||
Bancorp, Inc.(2) | 311 | 9,311 | |||||||||
| Bank Central Asia Tbk. PT | 269,700 | 162,166 | |||||||||
| Bank of America Corp. | 3,154 | 116,730 | |||||||||
Bankinter SA(3) | 3,077 | 24,321 | |||||||||
| Barclays PLC | 98,093 | 247,321 | |||||||||
| BNP Paribas SA | 907 | 65,269 | |||||||||
| BPER Banca SpA | 4,794 | 24,896 | |||||||||
| Commerce Bancshares, Inc. | 2,492 | 136,263 | |||||||||
| First Hawaiian, Inc. | 3,405 | 71,811 | |||||||||
| Fukuoka Financial Group, Inc. | 800 | 21,250 | |||||||||
| Hana Financial Group, Inc. | 1,824 | 76,930 | |||||||||
| ING Groep NV, Series N | 7,513 | 118,783 | |||||||||
| JPMorgan Chase & Co. | 1,113 | 213,407 | |||||||||
| Mebuki Financial Group, Inc. | 5,400 | 19,103 | |||||||||
NU Holdings Ltd., Class A(2) | 9,815 | 106,591 | |||||||||
| PNC Financial Services Group, Inc. | 545 | 83,527 | |||||||||
| Regions Financial Corp. | 5,029 | 96,909 | |||||||||
Triumph Financial, Inc.(2) | 253 | 17,801 | |||||||||
| Truist Financial Corp. | 5,582 | 209,604 | |||||||||
| U.S. Bancorp | 1,654 | 67,202 | |||||||||
| Westamerica Bancorporation | 1,616 | 75,225 | |||||||||
| 1,964,420 | |||||||||||
| Beverages — 0.2% | |||||||||||
| Ambev SA | 38,800 | 91,086 | |||||||||
Celsius Holdings, Inc.(2) | 1,785 | 127,217 | |||||||||
| Coca-Cola Bottlers Japan Holdings, Inc. | 1,400 | 19,601 | |||||||||
| Davide Campari-Milano NV | 11,428 | 114,609 | |||||||||
Heineken NV(3) | 1,192 | 116,005 | |||||||||
| MGP Ingredients, Inc. | 198 | 15,531 | |||||||||
| PepsiCo, Inc. | 886 | 155,856 | |||||||||
| Pernod Ricard SA | 519 | 78,495 | |||||||||
Royal Unibrew AS(2) | 120 | 9,037 | |||||||||
| 727,437 | |||||||||||
| Biotechnology — 0.4% | |||||||||||
| AbbVie, Inc. | 935 | 152,068 | |||||||||
ADMA Biologics, Inc.(2) | 3,241 | 21,131 | |||||||||
Alkermes PLC(2) | 641 | 15,730 | |||||||||
Alnylam Pharmaceuticals, Inc.(2) | 540 | 77,733 | |||||||||
| Amgen, Inc. | 320 | 87,661 | |||||||||
Amicus Therapeutics, Inc.(2) | 7,222 | 72,148 | |||||||||
Arcutis Biotherapeutics, Inc.(2) | 860 | 7,155 | |||||||||
Argenx SE, ADR(2) | 168 | 63,084 | |||||||||
Biohaven Ltd.(2) | 165 | 6,402 | |||||||||
BioMarin Pharmaceutical, Inc.(2) | 1,422 | 114,841 | |||||||||
Blueprint Medicines Corp.(2) | 263 | 24,022 | |||||||||
Bridgebio Pharma, Inc.(2) | 617 | 15,808 | |||||||||
Celldex Therapeutics, Inc.(2) | 144 | 5,388 | |||||||||
Centessa Pharmaceuticals PLC, ADR(2) | 719 | 6,586 | |||||||||
| CSL Ltd. | 508 | 90,259 | |||||||||
Cytokinetics, Inc.(2) | 331 | 20,297 | |||||||||
Halozyme Therapeutics, Inc.(2) | 585 | 22,289 | |||||||||
Insmed, Inc.(2) | 609 | 15,055 | |||||||||
Keros Therapeutics, Inc.(2) | 252 | 14,210 | |||||||||
Madrigal Pharmaceuticals, Inc.(2) | 82 | 16,730 | |||||||||
Mineralys Therapeutics, Inc.(2) | 598 | 7,326 | |||||||||
Natera, Inc.(2) | 1,599 | 148,515 | |||||||||
Twist Bioscience Corp.(2) | 493 | 15,396 | |||||||||
Vaxcyte, Inc.(2) | 364 | 22,040 | |||||||||
Vera Therapeutics, Inc.(2) | 149 | 5,887 | |||||||||
Vertex Pharmaceuticals, Inc.(2) | 117 | 45,959 | |||||||||
Viking Therapeutics, Inc.(2) | 855 | 68,041 | |||||||||
| 1,161,761 | |||||||||||
| Broadline Retail — 0.2% | |||||||||||
| Alibaba Group Holding Ltd. | 9,000 | 84,267 | |||||||||
Amazon.com, Inc.(2) | 2,503 | 438,025 | |||||||||
| B&M European Value Retail SA | 757 | 4,885 | |||||||||
| JD.com, Inc., Class A | 2,073 | 29,869 | |||||||||
Ollie's Bargain Outlet Holdings, Inc.(2) | 434 | 31,743 | |||||||||
| Pan Pacific International Holdings Corp. | 4,800 | 112,733 | |||||||||
| Ryohin Keikaku Co. Ltd. | 1,000 | 16,109 | |||||||||
Savers Value Village, Inc.(2)(3) | 1,523 | 25,160 | |||||||||
| 742,791 | |||||||||||
| Building Products — 0.2% | |||||||||||
AZEK Co., Inc.(2) | 1,374 | 62,709 | |||||||||
| Cie de Saint-Gobain SA | 1,175 | 92,922 | |||||||||
| Fortune Brands Innovations, Inc. | 272 | 19,883 | |||||||||
Hayward Holdings, Inc.(2) | 2,999 | 40,726 | |||||||||
JELD-WEN Holding, Inc.(2) | 1,568 | 32,144 | |||||||||
| Johnson Controls International PLC | 3,412 | 222,019 | |||||||||
| Masco Corp. | 848 | 58,046 | |||||||||
| Munters Group AB | 944 | 18,821 | |||||||||
| Reliance Worldwide Corp. Ltd. | 4,796 | 15,742 | |||||||||
| Trane Technologies PLC | 664 | 210,714 | |||||||||
| 773,726 | |||||||||||
| Capital Markets — 0.8% | |||||||||||
| Allfunds Group PLC | 1,969 | 12,374 | |||||||||
| AllianceBernstein Holding LP | 1,600 | 53,584 | |||||||||
| Ameriprise Financial, Inc. | 295 | 121,478 | |||||||||
| ARES Management Corp., Class A | 2,032 | 270,439 | |||||||||
| Bank of New York Mellon Corp. | 5,372 | 303,464 | |||||||||
| BlackRock, Inc. | 118 | 89,048 | |||||||||
| Bolsa Mexicana de Valores SAB de CV | 11,922 | 22,340 | |||||||||
Donnelley Financial Solutions, Inc.(2) | 599 | 37,605 | |||||||||
| Hamilton Lane, Inc., Class A | 207 | 23,126 | |||||||||
Integral Corp.(2) | 400 | 8,236 | |||||||||
| Intercontinental Exchange, Inc. | 430 | 55,367 | |||||||||
| Intermediate Capital Group PLC | 927 | 24,161 | |||||||||
| London Stock Exchange Group PLC | 1,704 | 187,849 | |||||||||
| LPL Financial Holdings, Inc. | 600 | 161,478 | |||||||||
| Man Group PLC | 5,094 | 16,336 | |||||||||
| Morgan Stanley | 1,711 | 155,427 | |||||||||
| MSCI, Inc. | 538 | 250,595 | |||||||||
| Northern Trust Corp. | 3,060 | 252,113 | |||||||||
| S&P Global, Inc. | 300 | 124,749 | |||||||||
| Swissquote Group Holding SA | 58 | 15,688 | |||||||||
| T Rowe Price Group, Inc. | 1,524 | 166,985 | |||||||||
| TPG, Inc. | 2,052 | 88,441 | |||||||||
| UBS Group AG | 4,367 | 114,692 | |||||||||
| 2,555,575 | |||||||||||
| Chemicals — 0.4% | |||||||||||
| Air Liquide SA | 814 | 159,201 | |||||||||
| Akzo Nobel NV | 1,980 | 130,644 | |||||||||
| Arkema SA | 567 | 58,507 | |||||||||
| Avient Corp. | 2,715 | 115,170 | |||||||||
| DSM-Firmenich AG | 1,475 | 165,428 | |||||||||
| Ecolab, Inc. | 390 | 88,199 | |||||||||
| Element Solutions, Inc. | 8,250 | 190,823 | |||||||||
| Linde PLC | 324 | 142,871 | |||||||||
| Nissan Chemical Corp. | 400 | 13,635 | |||||||||
| Shin-Etsu Chemical Co. Ltd. | 2,700 | 104,514 | |||||||||
| Tokyo Ohka Kogyo Co. Ltd. | 400 | 10,607 | |||||||||
| 1,179,599 | |||||||||||
| Commercial Services and Supplies — 0.2% | |||||||||||
Clean Harbors, Inc.(2) | 169 | 32,017 | |||||||||
Copart, Inc.(2) | 1,544 | 83,855 | |||||||||
| Daiei Kankyo Co. Ltd. | 1,000 | 16,712 | |||||||||
| Elis SA | 1,359 | 30,511 | |||||||||
Park24 Co. Ltd.(2) | 400 | 4,308 | |||||||||
| Republic Services, Inc. | 1,741 | 333,750 | |||||||||
| SPIE SA | 660 | 23,998 | |||||||||
Stericycle, Inc.(2) | 456 | 20,397 | |||||||||
| UniFirst Corp. | 115 | 18,415 | |||||||||
| 563,963 | |||||||||||
| Communications Equipment — 0.2% | |||||||||||
Arista Networks, Inc.(2) | 474 | 121,610 | |||||||||
| Cisco Systems, Inc. | 2,746 | 129,007 | |||||||||
F5, Inc.(2) | 1,030 | 170,269 | |||||||||
| Juniper Networks, Inc. | 2,895 | 100,804 | |||||||||
| 521,690 | |||||||||||
| Construction and Engineering — 0.1% | |||||||||||
Construction Partners, Inc., Class A(2) | 503 | 25,975 | |||||||||
| Eiffage SA | 1,331 | 142,016 | |||||||||
| Fugro NV | 960 | 23,285 | |||||||||
| Kinden Corp. | 1,000 | 19,081 | |||||||||
| Sacyr SA | 4,830 | 16,793 | |||||||||
| SNC-Lavalin Group, Inc. | 490 | 18,815 | |||||||||
| Vinci SA | 1,363 | 159,711 | |||||||||
| 405,676 | |||||||||||
| Construction Materials — 0.1% | |||||||||||
| CRH PLC | 1,348 | 104,362 | |||||||||
James Hardie Industries PLC(2) | 2,586 | 88,902 | |||||||||
Summit Materials, Inc., Class A(2) | 710 | 27,619 | |||||||||
| Taiheiyo Cement Corp. | 800 | 18,298 | |||||||||
| 239,181 | |||||||||||
| Consumer Finance — 0.0% | |||||||||||
| American Express Co. | 353 | 82,613 | |||||||||
| FirstCash Holdings, Inc. | 245 | 27,680 | |||||||||
| 110,293 | |||||||||||
| Consumer Staples Distribution & Retail — 0.3% | |||||||||||
| BGF retail Co. Ltd. | 278 | 26,209 | |||||||||
| Casey's General Stores, Inc. | 99 | 31,638 | |||||||||
| Costco Wholesale Corp. | 125 | 90,363 | |||||||||
Dollar Tree, Inc.(2) | 1,625 | 192,156 | |||||||||
| Koninklijke Ahold Delhaize NV | 9,321 | 282,931 | |||||||||
| Marks & Spencer Group PLC | 3,947 | 12,575 | |||||||||
| PriceSmart, Inc. | 371 | 29,899 | |||||||||
Redcare Pharmacy NV(2) | 119 | 16,096 | |||||||||
| Sysco Corp. | 1,415 | 105,163 | |||||||||
| Target Corp. | 725 | 116,710 | |||||||||
| 903,740 | |||||||||||
| Containers and Packaging — 0.3% | |||||||||||
| Amcor PLC | 6,382 | 57,055 | |||||||||
| AptarGroup, Inc. | 163 | 23,534 | |||||||||
| Avery Dennison Corp. | 328 | 71,268 | |||||||||
| Ball Corp. | 1,035 | 72,005 | |||||||||
| Graphic Packaging Holding Co. | 3,729 | 96,395 | |||||||||
| Huhtamaki OYJ | 419 | 16,057 | |||||||||
| Packaging Corp. of America | 797 | 137,865 | |||||||||
| Smurfit Kappa Group PLC | 3,676 | 159,280 | |||||||||
| Sonoco Products Co. | 2,006 | 112,436 | |||||||||
| Verallia SA | 2,066 | 79,572 | |||||||||
| 825,467 | |||||||||||
| Distributors — 0.0% | |||||||||||
| D'ieteren Group | 114 | 24,592 | |||||||||
| LKQ Corp. | 1,475 | 63,617 | |||||||||
| 88,209 | |||||||||||
| Diversified Consumer Services — 0.1% | |||||||||||
Bright Horizons Family Solutions, Inc.(2) | 648 | 67,204 | |||||||||
Duolingo, Inc.(2) | 538 | 121,454 | |||||||||
European Wax Center, Inc., Class A(2)(3) | 2,195 | 25,813 | |||||||||
Mister Car Wash, Inc.(2)(3) | 2,044 | 13,674 | |||||||||
Stride, Inc.(2) | 438 | 29,237 | |||||||||
| 257,382 | |||||||||||
| Diversified REITs — 0.1% | |||||||||||
| British Land Co. PLC | 10,700 | 51,597 | |||||||||
| Essential Properties Realty Trust, Inc. | 6,519 | 171,710 | |||||||||
| Fibra Uno Administracion SA de CV | 6,317 | 9,042 | |||||||||
| Land Securities Group PLC | 7,578 | 61,246 | |||||||||
| Merlin Properties Socimi SA | 2,893 | 32,544 | |||||||||
| 326,139 | |||||||||||
| Diversified Telecommunication Services — 0.1% | |||||||||||
| BCE, Inc. | 3,256 | 106,976 | |||||||||
| Cellnex Telecom SA | 816 | 26,973 | |||||||||
| LG Uplus Corp. | 6,991 | 49,654 | |||||||||
| U-Next Holdings Co. Ltd. | 700 | 19,561 | |||||||||
| Verizon Communications, Inc. | 3,395 | 134,068 | |||||||||
| 337,232 | |||||||||||
| Electric Utilities — 0.4% | |||||||||||
| Duke Energy Corp. | 2,356 | 231,501 | |||||||||
| Edison International | 3,452 | 245,299 | |||||||||
| Evergy, Inc. | 3,075 | 161,284 | |||||||||
| Eversource Energy | 2,605 | 157,915 | |||||||||
| NextEra Energy, Inc. | 2,810 | 188,186 | |||||||||
| Pinnacle West Capital Corp. | 1,939 | 142,807 | |||||||||
| 1,126,992 | |||||||||||
| Electrical Equipment — 0.4% | |||||||||||
| AMETEK, Inc. | 1,296 | 226,359 | |||||||||
| Atkore, Inc. | 170 | 29,801 | |||||||||
| Eaton Corp. PLC | 402 | 127,940 | |||||||||
| Emerson Electric Co. | 1,913 | 206,183 | |||||||||
Generac Holdings, Inc.(2) | 106 | 14,412 | |||||||||
| Hubbell, Inc. | 186 | 68,917 | |||||||||
NEXTracker, Inc., Class A(2) | 320 | 13,693 | |||||||||
| Regal Rexnord Corp. | 769 | 124,094 | |||||||||
| Schneider Electric SE | 703 | 160,293 | |||||||||
| Signify NV | 3,400 | 92,723 | |||||||||
| Vertiv Holdings Co., Class A | 1,247 | 115,971 | |||||||||
| 1,180,386 | |||||||||||
| Electronic Equipment, Instruments and Components — 0.2% | |||||||||||
| CDW Corp. | 521 | 126,009 | |||||||||
Celestica, Inc.(2) | 352 | 15,252 | |||||||||
Celestica, Inc. (Toronto)(2) | 351 | 15,198 | |||||||||
| Keyence Corp. | 100 | 43,977 | |||||||||
Keysight Technologies, Inc.(2) | 1,504 | 222,502 | |||||||||
| Littelfuse, Inc. | 87 | 20,066 | |||||||||
Mirion Technologies, Inc., Class A(2) | 2,277 | 24,751 | |||||||||
| TE Connectivity Ltd. | 948 | 134,123 | |||||||||
| 601,878 | |||||||||||
| Energy Equipment and Services — 0.1% | |||||||||||
| Baker Hughes Co. | 5,048 | 164,666 | |||||||||
Expro Group Holdings NV(2) | 3,755 | 70,444 | |||||||||
| Schlumberger NV | 3,153 | 149,704 | |||||||||
Seadrill Ltd.(2) | 228 | 11,069 | |||||||||
Subsea 7 SA(2) | 941 | 15,139 | |||||||||
| TechnipFMC PLC | 471 | 12,067 | |||||||||
Transocean Ltd.(2)(3) | 3,832 | 20,003 | |||||||||
| 443,092 | |||||||||||
| Entertainment — 0.2% | |||||||||||
| CTS Eventim AG & Co. KGaA | 114 | 10,081 | |||||||||
| Electronic Arts, Inc. | 766 | 97,144 | |||||||||
Liberty Media Corp.-Liberty Formula One, Class C(2) | 255 | 17,842 | |||||||||
Spotify Technology SA(2) | 1,143 | 320,543 | |||||||||
Take-Two Interactive Software, Inc.(2) | 846 | 120,817 | |||||||||
| Universal Music Group NV | 2,959 | 87,040 | |||||||||
| Walt Disney Co. | 525 | 58,328 | |||||||||
| 711,795 | |||||||||||
| Financial Services — 0.2% | |||||||||||
Adyen NV(2) | 78 | 93,444 | |||||||||
AvidXchange Holdings, Inc.(2) | 2,687 | 31,331 | |||||||||
Block, Inc.(2) | 319 | 23,287 | |||||||||
Corpay, Inc.(2) | 492 | 148,653 | |||||||||
| Edenred SE | 2,414 | 114,549 | |||||||||
| Mastercard, Inc., Class A | 256 | 115,507 | |||||||||
Shift4 Payments, Inc., Class A(2)(3) | 300 | 17,358 | |||||||||
| Visa, Inc., Class A | 817 | 219,454 | |||||||||
| 763,583 | |||||||||||
| Food Products — 0.2% | |||||||||||
| Conagra Brands, Inc. | 10,726 | 330,146 | |||||||||
| General Mills, Inc. | 2,523 | 177,771 | |||||||||
| Glanbia PLC | 892 | 16,936 | |||||||||
| Mondelez International, Inc., Class A | 1,196 | 86,040 | |||||||||
| Morinaga & Co. Ltd. | 500 | 8,080 | |||||||||
| Nomad Foods Ltd. | 2,173 | 39,244 | |||||||||
| Toyo Suisan Kaisha Ltd. | 200 | 12,507 | |||||||||
| WK Kellogg Co. | 863 | 20,143 | |||||||||
| Yamazaki Baking Co. Ltd. | 600 | 14,522 | |||||||||
| 705,389 | |||||||||||
| Gas Utilities — 0.1% | |||||||||||
| Nippon Gas Co. Ltd. | 1,000 | 16,309 | |||||||||
| ONE Gas, Inc. | 1,483 | 95,683 | |||||||||
| Spire, Inc. | 2,193 | 135,506 | |||||||||
| 247,498 | |||||||||||
| Ground Transportation — 0.3% | |||||||||||
| Canadian Pacific Kansas City Ltd. | 1,508 | 118,305 | |||||||||
| Heartland Express, Inc. | 3,239 | 32,196 | |||||||||
| Knight-Swift Transportation Holdings, Inc. | 615 | 28,431 | |||||||||
| Norfolk Southern Corp. | 1,585 | 365,057 | |||||||||
| Schneider National, Inc., Class B | 969 | 20,039 | |||||||||
Uber Technologies, Inc.(2) | 921 | 61,035 | |||||||||
| Union Pacific Corp. | 477 | 113,125 | |||||||||
XPO, Inc.(2) | 1,030 | 110,684 | |||||||||
| 848,872 | |||||||||||
| Health Care Equipment and Supplies — 0.6% | |||||||||||
Alphatec Holdings, Inc.(2) | 2,398 | 30,263 | |||||||||
| Becton Dickinson & Co. | 454 | 106,508 | |||||||||
| ConvaTec Group PLC | 4,377 | 13,618 | |||||||||
| DENTSPLY SIRONA, Inc. | 2,670 | 80,127 | |||||||||
Dexcom, Inc.(2) | 2,531 | 322,424 | |||||||||
Envista Holdings Corp.(2) | 4,361 | 85,825 | |||||||||
| GE HealthCare Technologies, Inc. | 2,427 | 185,035 | |||||||||
Glaukos Corp.(2) | 601 | 57,696 | |||||||||
Hologic, Inc.(2) | 1,736 | 131,537 | |||||||||
Inari Medical, Inc.(2) | 612 | 22,852 | |||||||||
Inspire Medical Systems, Inc.(2) | 613 | 148,138 | |||||||||
Insulet Corp.(2) | 694 | 119,326 | |||||||||
Intuitive Surgical, Inc.(2) | 191 | 70,788 | |||||||||
Lantheus Holdings, Inc.(2) | 363 | 24,154 | |||||||||
SI-BONE, Inc.(2) | 1,373 | 19,579 | |||||||||
| Terumo Corp. | 8,000 | 135,713 | |||||||||
| Ypsomed Holding AG | 44 | 15,683 | |||||||||
| Zimmer Biomet Holdings, Inc. | 3,543 | 426,152 | |||||||||
| 1,995,418 | |||||||||||
| Health Care Providers and Services — 0.6% | |||||||||||
Acadia Healthcare Co., Inc.(2) | 316 | 23,365 | |||||||||
| Amvis Holdings, Inc. | 300 | 4,093 | |||||||||
| Cardinal Health, Inc. | 1,713 | 176,508 | |||||||||
| Cencora, Inc. | 221 | 52,830 | |||||||||
Centene Corp.(2) | 1,399 | 102,211 | |||||||||
| Chartwell Retirement Residences | 14,340 | 130,103 | |||||||||
| Cigna Group | 391 | 139,603 | |||||||||
| Encompass Health Corp. | 336 | 28,016 | |||||||||
HealthEquity, Inc.(2) | 444 | 35,036 | |||||||||
Henry Schein, Inc.(2) | 4,022 | 278,644 | |||||||||
Hims & Hers Health, Inc.(2) | 1,695 | 21,238 | |||||||||
| Laboratory Corp. of America Holdings | 695 | 139,952 | |||||||||
NeoGenomics, Inc.(2) | 2,032 | 28,285 | |||||||||
Option Care Health, Inc.(2) | 839 | 25,078 | |||||||||
| Quest Diagnostics, Inc. | 2,004 | 276,913 | |||||||||
R1 RCM, Inc.(2) | 2,397 | 29,459 | |||||||||
RadNet, Inc.(2) | 351 | 17,023 | |||||||||
| UnitedHealth Group, Inc. | 443 | 214,279 | |||||||||
| Universal Health Services, Inc., Class B | 1,299 | 221,389 | |||||||||
| 1,944,025 | |||||||||||
| Health Care REITs — 0.3% | |||||||||||
| Aedifica SA | 46 | 2,939 | |||||||||
| CareTrust REIT, Inc. | 3,362 | 83,109 | |||||||||
| Healthpeak Properties, Inc. | 9,452 | 175,902 | |||||||||
| Ventas, Inc. | 2,882 | 127,615 | |||||||||
| Welltower, Inc. | 4,588 | 437,144 | |||||||||
| 826,709 | |||||||||||
| Health Care Technology — 0.0% | |||||||||||
Evolent Health, Inc., Class A(2) | 859 | 23,829 | |||||||||
| Pro Medicus Ltd. | 183 | 13,074 | |||||||||
Veeva Systems, Inc., Class A(2) | 454 | 90,146 | |||||||||
| 127,049 | |||||||||||
| Hotel & Resort REITs — 0.1% | |||||||||||
| Host Hotels & Resorts, Inc. | 4,845 | 91,425 | |||||||||
| Invincible Investment Corp. | 141 | 63,174 | |||||||||
| Japan Hotel REIT Investment Corp. | 123 | 64,636 | |||||||||
| Ryman Hospitality Properties, Inc. | 846 | 89,236 | |||||||||
| 308,471 | |||||||||||
| Hotels, Restaurants and Leisure — 0.5% | |||||||||||
Airbnb, Inc., Class A(2) | 1,369 | 217,082 | |||||||||
Chipotle Mexican Grill, Inc.(2) | 75 | 236,970 | |||||||||
| Darden Restaurants, Inc. | 506 | 77,625 | |||||||||
DoorDash, Inc., Class A(2) | 1,514 | 195,700 | |||||||||
| Greggs PLC | 237 | 8,020 | |||||||||
| H World Group Ltd., ADR | 2,455 | 90,123 | |||||||||
| Hilton Worldwide Holdings, Inc. | 2,139 | 421,982 | |||||||||
| Kyoritsu Maintenance Co. Ltd. | 1,900 | 40,519 | |||||||||
MakeMyTrip Ltd.(2) | 1,418 | 93,886 | |||||||||
Planet Fitness, Inc., Class A(2) | 463 | 27,706 | |||||||||
| Sodexo SA | 745 | 64,870 | |||||||||
| Starbucks Corp. | 700 | 61,943 | |||||||||
| Wingstop, Inc. | 87 | 33,477 | |||||||||
| 1,569,903 | |||||||||||
| Household Durables — 0.1% | |||||||||||
| Barratt Developments PLC | 9,362 | 52,896 | |||||||||
| Bellway PLC | 426 | 13,387 | |||||||||
Breville Group Ltd.(3) | 554 | 9,122 | |||||||||
Mohawk Industries, Inc.(2) | 782 | 90,180 | |||||||||
Sonos, Inc.(2) | 1,716 | 29,000 | |||||||||
| Taylor Wimpey PLC | 54,044 | 88,558 | |||||||||
TopBuild Corp.(2) | 50 | 20,234 | |||||||||
| 303,377 | |||||||||||
| Household Products — 0.3% | |||||||||||
| Church & Dwight Co., Inc. | 3,533 | 381,175 | |||||||||
| Colgate-Palmolive Co. | 386 | 35,481 | |||||||||
| Henkel AG & Co. KGaA, Preference Shares | 1,560 | 123,929 | |||||||||
| Kimberly-Clark Corp. | 1,989 | 271,558 | |||||||||
| Procter & Gamble Co. | 689 | 112,445 | |||||||||
| Reckitt Benckiser Group PLC | 2,615 | 146,197 | |||||||||
| 1,070,785 | |||||||||||
| Industrial Conglomerates — 0.0% | |||||||||||
| Honeywell International, Inc. | 443 | 85,379 | |||||||||
| LG Corp. | 1,044 | 59,569 | |||||||||
| 144,948 | |||||||||||
| Industrial REITs — 0.4% | |||||||||||
| CapitaLand Ascendas REIT | 42,700 | 80,883 | |||||||||
| EastGroup Properties, Inc. | 491 | 76,282 | |||||||||
| Goodman Group | 11,802 | 238,396 | |||||||||
| Mapletree Industrial Trust | 13,900 | 23,016 | |||||||||
| Prologis, Inc. | 5,613 | 572,807 | |||||||||
| Segro PLC | 11,498 | 120,937 | |||||||||
| Terreno Realty Corp. | 272 | 14,783 | |||||||||
| Tritax Big Box REIT PLC | 4,448 | 8,402 | |||||||||
| Warehouses De Pauw CVA | 422 | 11,159 | |||||||||
| 1,146,665 | |||||||||||
| Insurance — 0.5% | |||||||||||
| Aflac, Inc. | 1,000 | 83,650 | |||||||||
| Allstate Corp. | 1,417 | 240,975 | |||||||||
Goosehead Insurance, Inc., Class A(2) | 235 | 13,374 | |||||||||
| Hanover Insurance Group, Inc. | 934 | 121,252 | |||||||||
| Kinsale Capital Group, Inc. | 26 | 9,444 | |||||||||
| Marsh & McLennan Cos., Inc. | 392 | 78,177 | |||||||||
| MetLife, Inc. | 896 | 63,688 | |||||||||
| NN Group NV | 3,494 | 161,181 | |||||||||
Palomar Holdings, Inc.(2) | 273 | 21,477 | |||||||||
| Progressive Corp. | 420 | 87,465 | |||||||||
| Prudential Financial, Inc. | 576 | 63,636 | |||||||||
| Reinsurance Group of America, Inc. | 911 | 170,348 | |||||||||
| Ryan Specialty Holdings, Inc., Class A | 2,902 | 143,185 | |||||||||
Skyward Specialty Insurance Group, Inc.(2) | 608 | 21,231 | |||||||||
| Willis Towers Watson PLC | 960 | 241,094 | |||||||||
| 1,520,177 | |||||||||||
| Interactive Media and Services — 0.4% | |||||||||||
Alphabet, Inc., Class A(2) | 3,453 | 562,079 | |||||||||
| Autohome, Inc., ADR | 2,151 | 55,281 | |||||||||
Baidu, Inc., Class A(2) | 2,850 | 36,923 | |||||||||
| CAR Group Ltd. | 758 | 16,436 | |||||||||
| Meta Platforms, Inc., Class A | 645 | 277,460 | |||||||||
QuinStreet, Inc.(2) | 1,290 | 23,336 | |||||||||
| Scout24 SE | 191 | 14,031 | |||||||||
| Tencent Holdings Ltd. | 5,700 | 250,134 | |||||||||
| 1,235,680 | |||||||||||
| IT Services — 0.4% | |||||||||||
| Accenture PLC, Class A | 376 | 113,142 | |||||||||
| Amdocs Ltd. | 2,007 | 168,568 | |||||||||
| BIPROGY, Inc. | 500 | 14,546 | |||||||||
Cloudflare, Inc., Class A(2) | 1,760 | 153,824 | |||||||||
| Cognizant Technology Solutions Corp., Class A | 1,068 | 70,146 | |||||||||
Globant SA(2) | 54 | 9,644 | |||||||||
Indra Sistemas SA(3) | 1,025 | 19,595 | |||||||||
| International Business Machines Corp. | 669 | 111,188 | |||||||||
Megaport Ltd.(2) | 451 | 3,861 | |||||||||
MongoDB, Inc.(2) | 254 | 92,756 | |||||||||
| NEC Corp. | 1,500 | 108,603 | |||||||||
NEXTDC Ltd.(2) | 23,557 | 250,069 | |||||||||
| NTT Data Group Corp. | 3,600 | 56,296 | |||||||||
| 1,172,238 | |||||||||||
| Leisure Products — 0.0% | |||||||||||
| Brunswick Corp. | 153 | 12,338 | |||||||||
| Sankyo Co. Ltd. | 800 | 8,690 | |||||||||
Thule Group AB(3) | 298 | 8,412 | |||||||||
YETI Holdings, Inc.(2) | 786 | 28,076 | |||||||||
| 57,516 | |||||||||||
| Life Sciences Tools and Services — 0.6% | |||||||||||
| Agilent Technologies, Inc. | 2,542 | 348,356 | |||||||||
Avantor, Inc.(2) | 2,813 | 68,159 | |||||||||
| Bio-Techne Corp. | 2,178 | 137,671 | |||||||||
| Danaher Corp. | 650 | 160,303 | |||||||||
| Gerresheimer AG | 124 | 13,354 | |||||||||
ICON PLC(2) | 576 | 171,579 | |||||||||
IQVIA Holdings, Inc.(2) | 1,224 | 283,687 | |||||||||
| Lonza Group AG | 147 | 81,143 | |||||||||
Mettler-Toledo International, Inc.(2) | 226 | 277,912 | |||||||||
| Sartorius AG, Preference Shares | 346 | 103,439 | |||||||||
| Tecan Group AG | 33 | 11,642 | |||||||||
| Thermo Fisher Scientific, Inc. | 200 | 113,744 | |||||||||
| 1,770,989 | |||||||||||
| Machinery — 0.4% | |||||||||||
| Aalberts NV | 343 | 16,308 | |||||||||
| Cummins, Inc. | 620 | 175,144 | |||||||||
| Deere & Co. | 142 | 55,580 | |||||||||
| Dover Corp. | 267 | 47,873 | |||||||||
| Fluidra SA | 359 | 7,599 | |||||||||
| Hoshizaki Corp. | 400 | 13,784 | |||||||||
| IMI PLC | 1,344 | 29,276 | |||||||||
| KION Group AG | 273 | 12,582 | |||||||||
| Konecranes OYJ | 304 | 15,977 | |||||||||
| Organo Corp. | 300 | 13,762 | |||||||||
| Oshkosh Corp. | 1,118 | 125,518 | |||||||||
| Parker-Hannifin Corp. | 590 | 321,497 | |||||||||
RBC Bearings, Inc.(2) | 125 | 30,569 | |||||||||
| Timken Co. | 906 | 80,833 | |||||||||
Trelleborg AB, B Shares(3) | 256 | 9,022 | |||||||||
| Weir Group PLC | 802 | 20,465 | |||||||||
| Xylem, Inc. | 1,198 | 156,579 | |||||||||
| 1,132,368 | |||||||||||
| Media — 0.2% | |||||||||||
| 4imprint Group PLC | 104 | 8,038 | |||||||||
| CyberAgent, Inc. | 3,000 | 18,692 | |||||||||
| Fox Corp., Class B | 2,514 | 72,101 | |||||||||
| Interpublic Group of Cos., Inc. | 5,625 | 171,225 | |||||||||
| Omnicom Group, Inc. | 355 | 32,958 | |||||||||
| Stroeer SE & Co. KGaA | 217 | 13,915 | |||||||||
Trade Desk, Inc., Class A(2) | 2,313 | 191,632 | |||||||||
| WPP PLC | 12,465 | 124,939 | |||||||||
| 633,500 | |||||||||||
| Metals and Mining — 0.0% | |||||||||||
| Alamos Gold, Inc., Class A | 1,060 | 15,592 | |||||||||
Capstone Copper Corp.(2) | 5,662 | 39,196 | |||||||||
| Carpenter Technology Corp. | 297 | 25,453 | |||||||||
ERO Copper Corp.(2) | 2,648 | 53,993 | |||||||||
GMK Norilskiy Nickel PAO(5) | 94,900 | 1 | |||||||||
Sandfire Resources Ltd.(2) | 2,438 | 14,684 | |||||||||
| 148,919 | |||||||||||
| Multi-Utilities — 0.2% | |||||||||||
| CMS Energy Corp. | 2,248 | 136,251 | |||||||||
| Northwestern Energy Group, Inc. | 4,659 | 235,000 | |||||||||
| WEC Energy Group, Inc. | 1,769 | 146,190 | |||||||||
| 517,441 | |||||||||||
| Office REITs — 0.0% | |||||||||||
| Boston Properties, Inc. | 1,527 | 94,506 | |||||||||
| Oil, Gas and Consumable Fuels — 0.4% | |||||||||||
| Cheniere Energy, Inc. | 1,000 | 157,820 | |||||||||
| ConocoPhillips | 1,452 | 182,400 | |||||||||
| Coterra Energy, Inc. | 3,570 | 97,675 | |||||||||
| Enterprise Products Partners LP | 9,766 | 274,229 | |||||||||
| EOG Resources, Inc. | 1,161 | 153,403 | |||||||||
| EQT Corp. | 3,245 | 130,092 | |||||||||
| Excelerate Energy, Inc., Class A | 1,395 | 23,520 | |||||||||
| Gaztransport Et Technigaz SA | 113 | 15,750 | |||||||||
Kosmos Energy Ltd.(2) | 8,833 | 50,083 | |||||||||
| Occidental Petroleum Corp. | 2,600 | 171,964 | |||||||||
Paladin Energy Ltd.(2) | 1,574 | 13,969 | |||||||||
| 1,270,905 | |||||||||||
| Paper and Forest Products — 0.0% | |||||||||||
| Louisiana-Pacific Corp. | 315 | 23,055 | |||||||||
| Stella-Jones, Inc. | 580 | 33,696 | |||||||||
| 56,751 | |||||||||||
| Passenger Airlines — 0.0% | |||||||||||
| Southwest Airlines Co. | 6,043 | 156,755 | |||||||||
| Personal Care Products — 0.1% | |||||||||||
BellRing Brands, Inc.(2) | 408 | 22,509 | |||||||||
elf Beauty, Inc.(2) | 134 | 21,779 | |||||||||
| Haleon PLC | 27,006 | 114,056 | |||||||||
| Inter Parfums, Inc. | 121 | 14,082 | |||||||||
| Kenvue, Inc. | 8,153 | 153,439 | |||||||||
| 325,865 | |||||||||||
| Pharmaceuticals — 0.6% | |||||||||||
ALK-Abello AS(2) | 944 | 17,501 | |||||||||
| AstraZeneca PLC, ADR | 2,131 | 161,700 | |||||||||
| Bristol-Myers Squibb Co. | 1,047 | 46,005 | |||||||||
Edgewise Therapeutics, Inc.(2) | 396 | 7,104 | |||||||||
| Eli Lilly & Co. | 112 | 87,483 | |||||||||
Galderma Group AG(2) | 1,188 | 88,527 | |||||||||
| GSK PLC | 11,199 | 232,345 | |||||||||
| Hikma Pharmaceuticals PLC | 2,030 | 48,741 | |||||||||
Intra-Cellular Therapies, Inc.(2) | 333 | 23,913 | |||||||||
Longboard Pharmaceuticals, Inc.(2) | 237 | 5,048 | |||||||||
| Merck & Co., Inc. | 1,126 | 145,502 | |||||||||
| Novo Nordisk AS, Class B | 3,326 | 426,534 | |||||||||
| Roche Holding AG | 766 | 183,544 | |||||||||
| Sanofi SA | 1,162 | 114,798 | |||||||||
| Sanofi SA, ADR | 1,826 | 89,894 | |||||||||
| Santen Pharmaceutical Co. Ltd. | 1,700 | 16,420 | |||||||||
| UCB SA | 1,114 | 147,728 | |||||||||
Verona Pharma PLC, ADR(2)(3) | 554 | 8,559 | |||||||||
| Virbac SACA | 22 | 8,130 | |||||||||
| Zoetis, Inc. | 481 | 76,594 | |||||||||
| 1,936,070 | |||||||||||
| Professional Services — 0.3% | |||||||||||
| Adecco Group AG | 3,740 | 130,834 | |||||||||
| Equifax, Inc. | 544 | 119,783 | |||||||||
| First Advantage Corp. | 1,305 | 21,272 | |||||||||
FTI Consulting, Inc.(2) | 109 | 23,307 | |||||||||
| Jacobs Solutions, Inc. | 1,111 | 159,462 | |||||||||
| Korn Ferry | 612 | 37,161 | |||||||||
Paycor HCM, Inc.(2) | 851 | 14,782 | |||||||||
| RELX PLC | 4,232 | 173,880 | |||||||||
| TechnoPro Holdings, Inc. | 200 | 3,407 | |||||||||
Teleperformance SE(2) | 1,464 | 132,616 | |||||||||
UL Solutions, Inc., Class A(2) | 1,042 | 36,574 | |||||||||
| Verisk Analytics, Inc. | 494 | 107,672 | |||||||||
| 960,750 | |||||||||||
| Real Estate Management and Development — 0.2% | |||||||||||
| Colliers International Group, Inc. | 114 | 11,860 | |||||||||
Corp. Inmobiliaria Vesta SAB de CV(3) | 8,648 | 30,627 | |||||||||
| CTP NV | 2,785 | 47,244 | |||||||||
| DLF Ltd. | 3,158 | 33,647 | |||||||||
| FirstService Corp. | 53 | 7,791 | |||||||||
| FirstService Corp. (Toronto) | 222 | 32,607 | |||||||||
| Grainger PLC | 9,895 | 31,568 | |||||||||
| Macrotech Developers Ltd. | 1,991 | 29,492 | |||||||||
| Mitsubishi Estate Co. Ltd. | 6,300 | 115,446 | |||||||||
| Mitsui Fudosan Co. Ltd. | 12,700 | 129,249 | |||||||||
| PSP Swiss Property AG | 133 | 16,442 | |||||||||
Redfin Corp.(2) | 1,283 | 7,197 | |||||||||
| Tokyo Tatemono Co. Ltd. | 700 | 11,648 | |||||||||
| Tokyu Fudosan Holdings Corp. | 13,900 | 101,835 | |||||||||
| 606,653 | |||||||||||
| Residential REITs — 0.3% | |||||||||||
| American Homes 4 Rent, Class A | 4,680 | 167,544 | |||||||||
| AvalonBay Communities, Inc. | 1,429 | 270,896 | |||||||||
| Boardwalk Real Estate Investment Trust | 706 | 36,345 | |||||||||
| Camden Property Trust | 352 | 35,087 | |||||||||
| Equity Residential | 1,875 | 120,750 | |||||||||
| Essex Property Trust, Inc. | 1,132 | 278,755 | |||||||||
| Invitation Homes, Inc. | 4,822 | 164,912 | |||||||||
| UNITE Group PLC | 1,081 | 12,497 | |||||||||
| 1,086,786 | |||||||||||
| Retail REITs — 0.4% | |||||||||||
| Charter Hall Retail REIT | 4,778 | 10,195 | |||||||||
| Kite Realty Group Trust | 6,754 | 147,237 | |||||||||
| Link REIT | 11,720 | 50,218 | |||||||||
| Phillips Edison & Co., Inc. | 1,381 | 45,159 | |||||||||
| Realty Income Corp. | 4,159 | 222,673 | |||||||||
| Regency Centers Corp. | 2,342 | 138,693 | |||||||||
| Scentre Group | 52,582 | 106,481 | |||||||||
| Simon Property Group, Inc. | 1,647 | 231,453 | |||||||||
| Tanger, Inc. | 2,229 | 63,192 | |||||||||
Unibail-Rodamco-Westfield(2) | 1,154 | 96,166 | |||||||||
| Urban Edge Properties | 3,147 | 52,650 | |||||||||
| 1,164,117 | |||||||||||
| Semiconductors and Semiconductor Equipment — 0.9% | |||||||||||
Advanced Micro Devices, Inc.(2) | 1,101 | 174,376 | |||||||||
| Analog Devices, Inc. | 614 | 123,175 | |||||||||
| Applied Materials, Inc. | 594 | 117,998 | |||||||||
| ASML Holding NV | 349 | 303,983 | |||||||||
Astera Labs, Inc.(2) | 435 | 36,871 | |||||||||
| Broadcom, Inc. | 45 | 58,512 | |||||||||
| Camtek Ltd. | 112 | 9,069 | |||||||||
Credo Technology Group Holding Ltd.(2) | 1,273 | 22,749 | |||||||||
Enphase Energy, Inc.(2) | 422 | 45,897 | |||||||||
FormFactor, Inc.(2) | 575 | 25,639 | |||||||||
Impinj, Inc.(2) | 216 | 34,426 | |||||||||
| Infineon Technologies AG | 2,020 | 70,100 | |||||||||
Lattice Semiconductor Corp.(2) | 167 | 11,456 | |||||||||
MACOM Technology Solutions Holdings, Inc.(2) | 288 | 29,362 | |||||||||
| Marvell Technology, Inc. | 855 | 56,353 | |||||||||
| MKS Instruments, Inc. | 107 | 12,731 | |||||||||
| Monolithic Power Systems, Inc. | 279 | 186,743 | |||||||||
Nova Ltd.(2) | 98 | 16,650 | |||||||||
| NVIDIA Corp. | 773 | 667,887 | |||||||||
Onto Innovation, Inc.(2) | 271 | 50,268 | |||||||||
Rambus, Inc.(2) | 642 | 35,194 | |||||||||
Silicon Laboratories, Inc.(2) | 194 | 23,569 | |||||||||
| Socionext, Inc. | 400 | 11,694 | |||||||||
| SUMCO Corp. | 13,500 | 201,330 | |||||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 11,000 | 263,381 | |||||||||
| Teradyne, Inc. | 2,284 | 265,675 | |||||||||
| 2,855,088 | |||||||||||
| Software — 1.1% | |||||||||||
Adobe, Inc.(2) | 72 | 33,324 | |||||||||
Atlassian Corp., Class A(2) | 563 | 97,005 | |||||||||
| Bytes Technology Group PLC | 2,675 | 16,270 | |||||||||
Cadence Design Systems, Inc.(2) | 1,187 | 327,173 | |||||||||
Crowdstrike Holdings, Inc., Class A(2) | 982 | 287,274 | |||||||||
CyberArk Software Ltd.(2) | 243 | 58,138 | |||||||||
Datadog, Inc., Class A(2) | 2,205 | 276,727 | |||||||||
Descartes Systems Group, Inc.(2) | 177 | 16,419 | |||||||||
DoubleVerify Holdings, Inc.(2) | 585 | 17,141 | |||||||||
Five9, Inc.(2) | 394 | 22,683 | |||||||||
Guidewire Software, Inc.(2) | 336 | 37,094 | |||||||||
HubSpot, Inc.(2) | 504 | 304,854 | |||||||||
JFrog Ltd.(2) | 605 | 24,127 | |||||||||
Klaviyo, Inc., Class A(2)(3) | 545 | 12,208 | |||||||||
Manhattan Associates, Inc.(2) | 1,202 | 247,684 | |||||||||
| Microsoft Corp. | 2,729 | 1,062,482 | |||||||||
Money Forward, Inc.(2) | 400 | 13,929 | |||||||||
nCino, Inc.(2) | 713 | 20,791 | |||||||||
Palantir Technologies, Inc., Class A(2) | 5,139 | 112,904 | |||||||||
Q2 Holdings, Inc.(2) | 406 | 20,864 | |||||||||
| Salesforce, Inc. | 523 | 140,656 | |||||||||
| SAP SE | 1,176 | 212,347 | |||||||||
ServiceNow, Inc.(2) | 47 | 32,587 | |||||||||
Sinch AB(2) | 2,155 | 4,872 | |||||||||
SPS Commerce, Inc.(2) | 132 | 22,951 | |||||||||
Tenable Holdings, Inc.(2) | 656 | 29,500 | |||||||||
Workday, Inc., Class A(2) | 158 | 38,667 | |||||||||
| 3,490,671 | |||||||||||
| Specialized REITs — 0.6% | |||||||||||
| CubeSmart | 1,247 | 50,429 | |||||||||
| Digital Core REIT Management Pte. Ltd. | 75,600 | 46,038 | |||||||||
| Digital Realty Trust, Inc. | 2,949 | 409,262 | |||||||||
| Equinix, Inc. | 568 | 403,910 | |||||||||
| Iron Mountain, Inc. | 2,959 | 229,382 | |||||||||
| Lamar Advertising Co., Class A | 273 | 31,627 | |||||||||
| Public Storage | 1,128 | 292,660 | |||||||||
| SBA Communications Corp. | 526 | 97,899 | |||||||||
| VICI Properties, Inc. | 7,721 | 220,435 | |||||||||
| 1,781,642 | |||||||||||
| Specialty Retail — 0.2% | |||||||||||
| Arhaus, Inc. | 1,066 | 13,496 | |||||||||
Boot Barn Holdings, Inc.(2) | 317 | 33,751 | |||||||||
Burlington Stores, Inc.(2) | 713 | 128,297 | |||||||||
CarMax, Inc.(2) | 521 | 35,412 | |||||||||
| Home Depot, Inc. | 582 | 194,516 | |||||||||
| Kingfisher PLC | 38,494 | 118,574 | |||||||||
| Lovisa Holdings Ltd. | 407 | 8,203 | |||||||||
| Sanrio Co. Ltd. | 1,000 | 16,860 | |||||||||
| TJX Cos., Inc. | 1,265 | 119,024 | |||||||||
| Tractor Supply Co. | 262 | 71,547 | |||||||||
| 739,680 | |||||||||||
| Technology Hardware, Storage and Peripherals — 0.3% | |||||||||||
| Apple, Inc. | 3,116 | 530,748 | |||||||||
| HP, Inc. | 5,243 | 147,276 | |||||||||
| Samsung Electronics Co. Ltd. | 1,966 | 109,283 | |||||||||
| 787,307 | |||||||||||
| Textiles, Apparel and Luxury Goods — 0.2% | |||||||||||
| Asics Corp. | 400 | 17,145 | |||||||||
Crocs, Inc.(2) | 163 | 20,273 | |||||||||
Deckers Outdoor Corp.(2) | 43 | 35,194 | |||||||||
| HUGO BOSS AG | 94 | 5,065 | |||||||||
Lululemon Athletica, Inc.(2) | 542 | 195,445 | |||||||||
| LVMH Moet Hennessy Louis Vuitton SE | 246 | 202,073 | |||||||||
On Holding AG, Class A(2)(3) | 6,630 | 210,503 | |||||||||
| 685,698 | |||||||||||
| Tobacco — 0.1% | |||||||||||
| British American Tobacco PLC | 6,508 | 191,051 | |||||||||
| Trading Companies and Distributors — 0.3% | |||||||||||
| AddTech AB, B Shares | 396 | 8,233 | |||||||||
| Applied Industrial Technologies, Inc. | 231 | 42,331 | |||||||||
Beacon Roofing Supply, Inc.(2) | 1,374 | 135,380 | |||||||||
Beijer Ref AB(3) | 343 | 4,834 | |||||||||
| Bunzl PLC | 3,965 | 152,049 | |||||||||
Core & Main, Inc., Class A(2) | 2,165 | 122,257 | |||||||||
| Diploma PLC | 422 | 19,075 | |||||||||
| FTAI Aviation Ltd. | 280 | 19,659 | |||||||||
| Howden Joinery Group PLC | 1,080 | 11,755 | |||||||||
| MSC Industrial Direct Co., Inc., Class A | 1,546 | 141,057 | |||||||||
| Rexel SA | 4,182 | 108,397 | |||||||||
Seven Group Holdings Ltd.(3) | 739 | 17,957 | |||||||||
SiteOne Landscape Supply, Inc.(2) | 192 | 30,123 | |||||||||
| 813,107 | |||||||||||
| Transportation Infrastructure — 0.0% | |||||||||||
| Flughafen Zurich AG | 77 | 15,415 | |||||||||
| Water Utilities — 0.0% | |||||||||||
| SJW Group | 284 | 15,464 | |||||||||
TOTAL COMMON STOCKS (Cost $44,835,872) | 58,916,103 | ||||||||||
| SOVEREIGN GOVERNMENTS AND AGENCIES — 5.4% | |||||||||||
| Australia — 0.1% | |||||||||||
| Australia Government Bonds, 3.00%, 3/21/47 | AUD | 505,000 | 246,283 | ||||||||
| New South Wales Treasury Corp., 3.00%, 3/20/28 | AUD | 285,000 | 174,842 | ||||||||
| 421,125 | |||||||||||
| Austria — 0.1% | |||||||||||
Republic of Austria Government Bonds, 0.75%, 10/20/26(6) | EUR | 140,000 | 141,552 | ||||||||
Republic of Austria Government Bonds, 4.15%, 3/15/37(6) | EUR | 101,000 | 119,461 | ||||||||
| 261,013 | |||||||||||
| Belgium — 0.0% | |||||||||||
Kingdom of Belgium Government Bonds, 4.25%, 3/28/41(6) | EUR | 47,000 | 56,093 | ||||||||
| Canada — 1.1% | |||||||||||
| Canada Government Bonds, 0.25%, 3/1/26 | CAD | 1,150,000 | 775,792 | ||||||||
| Canada Government Bonds, 3.50%, 3/1/28 | CAD | 2,428,000 | 1,736,417 | ||||||||
| Province of British Columbia, 2.85%, 6/18/25 | CAD | 684,000 | 486,732 | ||||||||
| Province of Quebec, 5.75%, 12/1/36 | CAD | 325,000 | 261,383 | ||||||||
| Province of Quebec, 5.00%, 12/1/41 | CAD | 33,000 | 24,759 | ||||||||
| Province of Quebec, 3.50%, 12/1/48 | CAD | 102,000 | 60,991 | ||||||||
| 3,346,074 | |||||||||||
| China — 0.5% | |||||||||||
| China Government Bonds, 3.39%, 3/16/50 | CNY | 10,340,000 | 1,622,299 | ||||||||
| Denmark — 0.0% | |||||||||||
| Denmark Government Bonds, 0.50%, 11/15/27 | DKK | 517,000 | 68,662 | ||||||||
| Denmark Government Bonds, 4.50%, 11/15/39 | DKK | 260,000 | 45,384 | ||||||||
| 114,046 | |||||||||||
| Finland — 0.5% | |||||||||||
Finland Government Bonds, 4.00%, 7/4/25(6) | EUR | 173,000 | 186,027 | ||||||||
Finland Government Bonds, 0.125%, 4/15/36(6) | EUR | 1,750,000 | 1,311,818 | ||||||||
| 1,497,845 | |||||||||||
| France — 0.6% | |||||||||||
French Republic Government Bonds OAT, 2.50%, 5/25/30(6) | EUR | 1,170,000 | 1,220,266 | ||||||||
French Republic Government Bonds OAT, 0.00%, 11/25/31(6)(7) | EUR | 850,000 | 728,835 | ||||||||
| 1,949,101 | |||||||||||
| Germany — 0.6% | |||||||||||
| Bundesrepublik Deutschland Bundesanleihe, 2.30%, 2/15/33 | EUR | 1,800,000 | 1,883,919 | ||||||||
Bundesrepublik Deutschland Bundesanleihe, 0.00%, 8/15/52(7) | EUR | 60,000 | 30,503 | ||||||||
| 1,914,422 | |||||||||||
| Italy — 0.4% | |||||||||||
| Italy Buoni Poliennali Del Tesoro, 1.50%, 6/1/25 | EUR | 263,000 | 274,691 | ||||||||
| Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25 | EUR | 971,000 | 1,013,721 | ||||||||
| 1,288,412 | |||||||||||
| Japan — 0.6% | |||||||||||
| Japan Government Thirty Year Bonds, 1.40%, 12/20/45 | JPY | 11,400,000 | 68,245 | ||||||||
| Japan Government Thirty Year Bonds, 1.40%, 3/20/53 | JPY | 242,800,000 | 1,368,830 | ||||||||
| Japan Government Thirty Year Bonds, 1.20%, 6/20/53 | JPY | 47,500,000 | 254,252 | ||||||||
| Japan Government Thirty Year Bonds, 1.80%, 9/20/53 | JPY | 35,600,000 | 220,157 | ||||||||
| 1,911,484 | |||||||||||
| Malaysia — 0.1% | |||||||||||
| Malaysia Government Bonds, 3.96%, 9/15/25 | MYR | 785,000 | 165,558 | ||||||||
| Mexico — 0.1% | |||||||||||
| Mexico Government International Bonds, 4.15%, 3/28/27 | 400,000 | 384,661 | |||||||||
| Netherlands — 0.2% | |||||||||||
Netherlands Government Bonds, 0.50%, 7/15/26(6) | EUR | 401,000 | 405,218 | ||||||||
Netherlands Government Bonds, 2.75%, 1/15/47(6) | EUR | 63,000 | 65,565 | ||||||||
| 470,783 | |||||||||||
| Norway — 0.0% | |||||||||||
Norway Government Bonds, 1.75%, 2/17/27(6) | NOK | 1,510,000 | 128,365 | ||||||||
| Spain — 0.1% | |||||||||||
Spain Government Bonds, 1.60%, 4/30/25(6) | EUR | 164,000 | 171,927 | ||||||||
Spain Government Bonds, 5.15%, 10/31/28(6) | EUR | 16,000 | 18,574 | ||||||||
Spain Government Bonds, 5.15%, 10/31/44(6) | EUR | 30,000 | 38,190 | ||||||||
| 228,691 | |||||||||||
| Switzerland — 0.1% | |||||||||||
| Swiss Confederation Government Bonds, 1.25%, 5/28/26 | CHF | 253,000 | 277,200 | ||||||||
| Thailand — 0.1% | |||||||||||
| Thailand Government Bonds, 3.85%, 12/12/25 | THB | 9,350,000 | 258,164 | ||||||||
| United Kingdom — 0.2% | |||||||||||
| U.K. Gilts, 0.125%, 1/30/26 | GBP | 600,000 | 695,375 | ||||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $19,728,083) | 16,990,711 | ||||||||||
| CORPORATE BONDS — 3.8% | |||||||||||
| Automobiles — 0.0% | |||||||||||
| BMW Finance NV, 0.875%, 4/3/25 | EUR | 50,000 | 52,079 | ||||||||
| Banks — 1.3% | |||||||||||
Avi Funding Co. Ltd., 3.80%, 9/16/25(6) | 102,000 | 99,426 | |||||||||
| Banco Santander SA, 2.50%, 3/18/25 | EUR | 200,000 | 210,574 | ||||||||
| Bank of America Corp., 2.30%, 7/25/25 | GBP | 100,000 | 120,445 | ||||||||
| Bank of America Corp., VRN, 5.47%, 1/23/35 | 180,000 | 175,119 | |||||||||
| Bank of Montreal, VRN, 5.62%, (SOFR plus 0.30%), 7/8/24 | 750,000 | 750,240 | |||||||||
| CaixaBank SA, VRN, 2.25%, 4/17/30 | EUR | 100,000 | 104,000 | ||||||||
| Citigroup, Inc., VRN, 3.67%, 7/24/28 | 55,000 | 51,834 | |||||||||
| Citigroup, Inc., VRN, 6.27%, 11/17/33 | 40,000 | 41,063 | |||||||||
| Commerzbank AG, 4.00%, 3/23/26 | EUR | 220,000 | 234,704 | ||||||||
| European Financial Stability Facility, 0.40%, 5/31/26 | EUR | 400,000 | 403,104 | ||||||||
| European Financial Stability Facility, 2.35%, 7/29/44 | EUR | 62,000 | 57,128 | ||||||||
European Union, 0.00%, 7/4/31(7) | EUR | 400,000 | 346,210 | ||||||||
| HSBC Bank PLC, VRN, 5.375%, 11/4/30 | GBP | 90,000 | 110,393 | ||||||||
| ING Groep NV, 2.125%, 1/10/26 | EUR | 300,000 | 311,696 | ||||||||
| JPMorgan Chase & Co., VRN, 4.01%, 4/23/29 | 3,000 | 2,833 | |||||||||
| Lloyds Bank PLC, 7.625%, 4/22/25 | GBP | 80,000 | 101,658 | ||||||||
| Toronto-Dominion Bank, VRN, 4.24%, 5/1/24 | 1,000,000 | 1,000,000 | |||||||||
| Wells Fargo & Co., VRN, 5.39%, 4/24/34 | 75,000 | 72,306 | |||||||||
| 4,192,733 | |||||||||||
| Beverages — 0.1% | |||||||||||
| Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 2/1/36 | 180,000 | 167,644 | |||||||||
| Chemicals — 0.0% | |||||||||||
MEGlobal BV, 4.25%, 11/3/26(6) | 34,000 | 32,546 | |||||||||
| Commercial Services and Supplies — 0.0% | |||||||||||
| Waste Connections, Inc., 2.95%, 1/15/52 | 112,000 | 70,331 | |||||||||
| Containers and Packaging — 0.0% | |||||||||||
Sealed Air Corp., 5.125%, 12/1/24(6) | 25,000 | 24,893 | |||||||||
| Diversified Consumer Services — 0.0% | |||||||||||
| Duke University, 3.30%, 10/1/46 | 60,000 | 43,444 | |||||||||
| Diversified Telecommunication Services — 0.1% | |||||||||||
| AT&T, Inc., 2.60%, 12/17/29 | EUR | 100,000 | 100,888 | ||||||||
| AT&T, Inc., 4.90%, 8/15/37 | 85,000 | 77,323 | |||||||||
| Sprint Capital Corp., 6.875%, 11/15/28 | 89,000 | 93,275 | |||||||||
Turk Telekomunikasyon AS, 4.875%, 6/19/24(6) | 80,000 | 79,804 | |||||||||
| 351,290 | |||||||||||
| Electric Utilities — 0.3% | |||||||||||
| Duke Energy Carolinas LLC, 3.20%, 8/15/49 | 190,000 | 125,272 | |||||||||
| Duke Energy Florida LLC, 3.85%, 11/15/42 | 80,000 | 62,426 | |||||||||
| Duke Energy Progress LLC, 4.15%, 12/1/44 | 9,000 | 7,123 | |||||||||
Indianapolis Power & Light Co., 5.70%, 4/1/54(6) | 67,000 | 63,657 | |||||||||
| MidAmerican Energy Co., 4.40%, 10/15/44 | 40,000 | 33,031 | |||||||||
| NextEra Energy Capital Holdings, Inc., 5.25%, 2/28/53 | 57,000 | 51,427 | |||||||||
| Northern States Power Co., 3.20%, 4/1/52 | 120,000 | 78,119 | |||||||||
| Northern States Power Co., 5.10%, 5/15/53 | 80,000 | 72,595 | |||||||||
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.00%, 6/30/30 | 375,000 | 320,359 | |||||||||
| 814,009 | |||||||||||
| Financial Services — 1.3% | |||||||||||
| Fiore Capital LLC, VRDN, 5.45%, 5/7/24 (LOC: Wells Fargo Bank N.A.) | 1,130,000 | 1,130,000 | |||||||||
Gulf Gate Apartments LLC, VRN, 5.59%, (Acquired 9/29/03 - 11/10/03, Cost $3,000,000), 9/1/28(8) | 3,000,000 | 3,000,000 | |||||||||
| 4,130,000 | |||||||||||
| Ground Transportation — 0.0% | |||||||||||
| Burlington Northern Santa Fe LLC, 4.45%, 3/15/43 | 16,000 | 13,672 | |||||||||
| Burlington Northern Santa Fe LLC, 4.15%, 4/1/45 | 100,000 | 81,222 | |||||||||
| 94,894 | |||||||||||
| Health Care Providers and Services — 0.1% | |||||||||||
DaVita, Inc., 4.625%, 6/1/30(6) | 370,000 | 324,497 | |||||||||
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 130,000 | 84,179 | |||||||||
| 408,676 | |||||||||||
| Hotels, Restaurants and Leisure — 0.0% | |||||||||||
| MGM Resorts International, 4.625%, 9/1/26 | 8,000 | 7,709 | |||||||||
| Household Durables — 0.0% | |||||||||||
| Meritage Homes Corp., 5.125%, 6/6/27 | 40,000 | 38,993 | |||||||||
| Industrial Conglomerates — 0.1% | |||||||||||
| Honeywell International, Inc., 5.25%, 3/1/54 | 140,000 | 132,816 | |||||||||
| Insurance — 0.1% | |||||||||||
| AXA SA, VRN, 3.375%, 7/6/47 | EUR | 200,000 | 207,930 | ||||||||
| Interactive Media and Services — 0.0% | |||||||||||
Tencent Holdings Ltd., 3.80%, 2/11/25(6) | 61,000 | 60,165 | |||||||||
| Metals and Mining — 0.1% | |||||||||||
Minera Mexico SA de CV, 4.50%, 1/26/50(6) | 158,000 | 117,761 | |||||||||
| Multi-Utilities — 0.0% | |||||||||||
| Dominion Energy, Inc., 4.90%, 8/1/41 | 70,000 | 60,784 | |||||||||
| Oil, Gas and Consumable Fuels — 0.1% | |||||||||||
Antero Resources Corp., 7.625%, 2/1/29(6) | 75,000 | 76,883 | |||||||||
| BP Capital Markets America, Inc., 3.06%, 6/17/41 | 130,000 | 93,464 | |||||||||
| Energy Transfer LP, 5.75%, 4/1/25 | 25,000 | 24,971 | |||||||||
MEG Energy Corp., 5.875%, 2/1/29(6) | 100,000 | 96,843 | |||||||||
| Southwestern Energy Co., 5.70%, 1/23/25 | 5,000 | 4,981 | |||||||||
| 297,142 | |||||||||||
| Passenger Airlines — 0.1% | |||||||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(6) | 151,128 | 149,514 | |||||||||
| Pharmaceuticals — 0.0% | |||||||||||
| Viatris, Inc., 4.00%, 6/22/50 | 164,000 | 107,374 | |||||||||
| Software — 0.0% | |||||||||||
| Oracle Corp., 3.60%, 4/1/40 | 95,000 | 71,223 | |||||||||
| Transportation Infrastructure — 0.1% | |||||||||||
| DP World Crescent Ltd., 4.85%, 9/26/28 | 175,000 | 169,656 | |||||||||
TOTAL CORPORATE BONDS (Cost $12,772,855) | 11,803,606 | ||||||||||
| COLLATERALIZED LOAN OBLIGATIONS — 1.7% | |||||||||||
ARES XLVII CLO Ltd., Series 2018-47A, Class C, VRN, 7.34%, (3-month SOFR plus 2.01%), 4/15/30(6) | 250,000 | 250,455 | |||||||||
Carlyle Global Market Strategies CLO Ltd., Series 2012-4A, Class CR3, VRN, 8.19%, (3-month SOFR plus 2.86%), 4/22/32(6) | 750,000 | 751,613 | |||||||||
Cerberus Loan Funding XXVIII LP, Series 2020-1A, Class A, VRN, 7.44%, (3-month SOFR plus 2.11%), 10/15/31(6) | 100,254 | 101,126 | |||||||||
Cerberus Loan Funding XXXI LP, Series 2021-1A, Class A, VRN, 7.09%, (3-month SOFR plus 1.76%), 4/15/32(6) | 147,115 | 147,318 | |||||||||
CIFC Funding Ltd., Series 2017-5A, Class B, VRN, 7.43%, (3-month SOFR plus 2.11%), 11/16/30(6) | 400,000 | 400,593 | |||||||||
Cook Park CLO Ltd., Series 2018-1A, Class C, VRN, 7.33%, (3-month SOFR plus 2.01%), 4/17/30(6) | 750,000 | 751,112 | |||||||||
Dewolf Park CLO Ltd., Series 2017-1A, Class CR, VRN, 7.44%, (3-month SOFR plus 2.11%), 10/15/30(6) | 250,000 | 250,371 | |||||||||
Eaton Vance CLO Ltd., Series 2015-1A, Class CR, VRN, 7.49%, (3-month SOFR plus 2.16%), 1/20/30(6) | 250,000 | 250,370 | |||||||||
Elevation CLO Ltd., Series 2018-9A, Class B, VRN, 7.34%, (3-month SOFR plus 2.01%), 7/15/31(6) | 350,000 | 350,187 | |||||||||
GoldenTree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 6.71%, (3-month SOFR plus 1.38%), 7/20/31(6) | 170,245 | 170,468 | |||||||||
KKR CLO 18 Ltd., Series 2018, Class CR, VRN, 7.69%, (3-month SOFR plus 2.36%), 7/18/30(6) | 250,000 | 250,427 | |||||||||
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 7.69%, (3-month SOFR plus 2.36%), 1/25/32(6) | 350,000 | 350,517 | |||||||||
Marathon CLO Ltd., Series 2021-17A, Class B1, VRN, 8.27%, (3-month SOFR plus 2.94%), 1/20/35(6) | 325,000 | 325,853 | |||||||||
MF1 Ltd., Series 2021-FL7, Class AS, VRN, 6.88%, (1-month SOFR plus 1.56%), 10/16/36(6) | 518,000 | 509,560 | |||||||||
Sound Point CLO IX Ltd., Series 2015-2A, Class CRRR, VRN, 8.09%, (3-month SOFR plus 2.76%), 7/20/32(6) | 550,000 | 550,057 | |||||||||
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $5,398,103) | 5,410,027 | ||||||||||
| MUNICIPAL SECURITIES — 0.7% | |||||||||||
| Commonwealth of Massachusetts Rev., (Massachusetts COVID-19 Recovery Assessment Rev.), Series A, 3.64%, 7/15/24 | 1,000,000 | 996,096 | |||||||||
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 9,000 | 10,053 | |||||||||
| New York City GO, 6.27%, 12/1/37 | 40,000 | 41,877 | |||||||||
| North Dakota Housing Finance Agency Rev., VRDN, 5.37%, 5/7/24 (SBBPA: Royal Bank of Canada) | 750,000 | 750,000 | |||||||||
| Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 | 50,000 | 45,963 | |||||||||
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 125,000 | 80,661 | |||||||||
| Sacramento Municipal Utility District Rev., 6.16%, 5/15/36 | 180,000 | 187,174 | |||||||||
| State of California GO, 4.60%, 4/1/38 | 40,000 | 37,093 | |||||||||
| State of California GO, 7.60%, 11/1/40 | 65,000 | 76,854 | |||||||||
| Texas Natural Gas Securitization Finance Corp. Rev., 5.17%, 4/1/41 | 30,000 | 29,274 | |||||||||
TOTAL MUNICIPAL SECURITIES (Cost $2,305,133) | 2,255,045 | ||||||||||
| PREFERRED STOCKS — 0.4% | |||||||||||
| Automobiles — 0.1% | |||||||||||
| Volkswagen International Finance NV, 3.875% | 300,000 | 296,311 | |||||||||
| Electric Utilities — 0.0% | |||||||||||
| Electricite de France SA, 3.375% | 200,000 | 186,758 | |||||||||
| Insurance — 0.2% | |||||||||||
| Allianz SE, 2.625% | 200,000 | 164,667 | |||||||||
| Allianz SE, 3.375% | 200,000 | 212,335 | |||||||||
| Intesa Sanpaolo Vita SpA, 4.75% | 200,000 | 212,814 | |||||||||
| 589,816 | |||||||||||
| Oil, Gas and Consumable Fuels — 0.1% | |||||||||||
| Eni SpA, 3.375% | 300,000 | 297,097 | |||||||||
TOTAL PREFERRED STOCKS (Cost $1,836,894) | 1,369,982 | ||||||||||
| ASSET-BACKED SECURITIES — 0.4% | |||||||||||
Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46(6) | 240,986 | 212,493 | |||||||||
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 8/17/37(6) | 400,000 | 376,909 | |||||||||
Lunar Aircraft Ltd., Series 2020-1A, Class A, SEQ, 3.38%, 2/15/45(6) | 367,471 | 339,430 | |||||||||
MAPS Trust, Series 2021-1A, Class A, SEQ, 2.52%, 6/15/46(6) | 282,732 | 252,105 | |||||||||
VSE VOI Mortgage LLC, Series 2018-A, Class B, 3.72%, 2/20/36(6) | 69,189 | 68,326 | |||||||||
TOTAL ASSET-BACKED SECURITIES (Cost $1,365,105) | 1,249,263 | ||||||||||
| COLLATERALIZED MORTGAGE OBLIGATIONS — 0.3% | |||||||||||
| Private Sponsor Collateralized Mortgage Obligations — 0.2% | |||||||||||
COLT Mortgage Loan Trust, Series 2021-3, Class M1, VRN, 2.30%, 9/27/66(6) | 700,000 | 438,134 | |||||||||
JP Morgan Mortgage Trust, Series 2014-5, Class A1, VRN, 2.74%, 10/25/29(6) | 31,547 | 30,097 | |||||||||
SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46(6) | 11,255 | 9,555 | |||||||||
| 477,786 | |||||||||||
| U.S. Government Agency Collateralized Mortgage Obligations — 0.1% | |||||||||||
| FNMA, Series 2014-C02, Class 2M2, VRN, 8.04%, (30-day average SOFR plus 2.71%), 5/25/24 | 85,881 | 85,985 | |||||||||
FNMA, Series 2024-R01, Class 1M1, VRN, 6.38%, (30-day average SOFR plus 1.05%), 1/25/44(6) | 282,604 | 282,892 | |||||||||
| 368,877 | |||||||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $1,111,356) | 846,663 | ||||||||||
| U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 0.2% | |||||||||||
| Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.0% | |||||||||||
| FHLMC, VRN, 5.87%, (1-year RFUCC plus 1.86%), 7/1/36 | 2,700 | 2,772 | |||||||||
| FHLMC, VRN, 6.19%, (1-year H15T1Y plus 2.14%), 10/1/36 | 7,759 | 7,958 | |||||||||
| FHLMC, VRN, 6.25%, (1-year H15T1Y plus 2.26%), 4/1/37 | 25,380 | 26,010 | |||||||||
| FHLMC, VRN, 6.10%, (1-year RFUCC plus 1.89%), 7/1/41 | 8,803 | 8,818 | |||||||||
| FNMA, VRN, 7.44%, (6-month RFUCC plus 1.57%), 6/1/35 | 11,464 | 11,658 | |||||||||
| FNMA, VRN, 7.44%, (6-month RFUCC plus 1.57%), 6/1/35 | 9,242 | 9,396 | |||||||||
| FNMA, VRN, 7.18%, (6-month RFUCC plus 1.54%), 9/1/35 | 1,729 | 1,753 | |||||||||
| FNMA, VRN, 6.19%, (1-year H15T1Y plus 2.15%), 3/1/38 | 24,309 | 24,981 | |||||||||
| 93,346 | |||||||||||
| Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 0.2% | |||||||||||
| FHLMC, 6.00%, 2/1/38 | 44,297 | 44,956 | |||||||||
| GNMA, 8.00%, 7/15/24 | 44 | 44 | |||||||||
| GNMA, 8.00%, 9/15/24 | 69 | 69 | |||||||||
| GNMA, 9.00%, 4/20/25 | 41 | 41 | |||||||||
| GNMA, 7.50%, 10/15/25 | 216 | 216 | |||||||||
| GNMA, 7.50%, 2/15/26 | 1,909 | 1,910 | |||||||||
| GNMA, 8.25%, 7/15/26 | 4,900 | 4,907 | |||||||||
| GNMA, 7.00%, 12/15/27 | 6,079 | 6,099 | |||||||||
| GNMA, 6.50%, 3/15/28 | 3,987 | 4,061 | |||||||||
| GNMA, 6.50%, 4/15/28 | 207 | 210 | |||||||||
| GNMA, 6.00%, 10/15/28 | 3,546 | 3,601 | |||||||||
| GNMA, 7.00%, 5/15/31 | 1,770 | 1,799 | |||||||||
| GNMA, 6.50%, 10/15/38 | 194,317 | 205,359 | |||||||||
| GNMA, 4.50%, 6/15/41 | 65,219 | 62,078 | |||||||||
| GNMA, 3.50%, 6/20/42 | 93,310 | 84,032 | |||||||||
| 419,382 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $528,943) | 512,728 | ||||||||||
| EXCHANGE-TRADED FUNDS — 0.0% | |||||||||||
| iShares Core S&P 500 ETF | 177 | 89,286 | |||||||||
| iShares MSCI EAFE Small-Cap ETF | 14 | 856 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $92,834) | 90,142 | ||||||||||
| RIGHTS — 0.0% | |||||||||||
| IT Services — 0.0% | |||||||||||
NEXTDC Ltd.(2) (Cost $—) | 426 | 356 | |||||||||
| SHORT-TERM INVESTMENTS — 10.7% | |||||||||||
Commercial Paper(9) — 4.0% | |||||||||||
ANZ New Zealand International Ltd., 5.92%, 6/3/24(6) | 1,000,000 | 994,958 | |||||||||
Great Bear Funding LLC, 5.48%, 5/1/24(6) | 1,000,000 | 999,852 | |||||||||
Ionic Funding LLC, 5.72%, 6/11/24(6) | 2,000,000 | 1,987,402 | |||||||||
Ionic Funding LLC, 5.66%, 7/12/24(6) | 1,750,000 | 1,730,804 | |||||||||
JP Morgan Securities LLC, VRN, 5.93%, (SOFR plus 0.61%), 10/21/24(6) | 500,000 | 500,944 | |||||||||
JP Morgan Securities LLC, VRN, 5.70%, (SOFR plus 0.37%), 1/27/25(6) | 2,500,000 | 2,501,086 | |||||||||
Mainbeach Funding LLC, 5.50%, 5/1/24(6) | 1,900,000 | 1,899,718 | |||||||||
Ridgefield Funding Co. LLC, 5.49%, 6/3/24(6) | 1,230,000 | 1,223,766 | |||||||||
UBS AG, 5.62%, (SOFR plus 0.25%), 8/19/24(6) | 750,000 | 750,042 | |||||||||
| 12,588,572 | |||||||||||
| Money Market Funds — 5.4% | |||||||||||
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 15,268,175 | 15,268,175 | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio(10) | 1,674,180 | 1,674,180 | |||||||||
| 16,942,355 | |||||||||||
Treasury Bills(9) — 1.3% | |||||||||||
| U.S. Treasury Bills, 5.44%, 5/30/24 | 1,000,000 | 995,755 | |||||||||
| U.S. Treasury Bills, 5.19%, 6/13/24 | 500,000 | 496,859 | |||||||||
| U.S. Treasury Bills, 5.43%, 8/20/24 | 1,500,000 | 1,475,731 | |||||||||
| U.S. Treasury Bills, 5.43%, 8/27/24 | 1,000,000 | 982,824 | |||||||||
| 3,951,169 | |||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $33,480,915) | 33,482,096 | ||||||||||
TOTAL INVESTMENT SECURITIES — 100.2% (Cost $295,454,183) | 315,065,185 | ||||||||||
| OTHER ASSETS AND LIABILITIES — (0.2)% | (563,736) | ||||||||||
| TOTAL NET ASSETS — 100.0% | $ | 314,501,449 | |||||||||
| FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||||||||||||
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
| USD | 454,614 | AUD | 683,514 | UBS AG | 6/20/24 | $ | 11,189 | |||||||||||||
| BRL | 1,578,568 | USD | 316,299 | UBS AG | 6/20/24 | (13,682) | ||||||||||||||
| CAD | 4,000,000 | USD | 2,955,887 | Morgan Stanley | 6/20/24 | (47,951) | ||||||||||||||
| CAD | 520 | USD | 384 | Goldman Sachs & Co. | 6/28/24 | (6) | ||||||||||||||
| CAD | 2,149 | USD | 1,585 | Goldman Sachs & Co. | 6/28/24 | (23) | ||||||||||||||
| CAD | 3,194 | USD | 2,364 | Goldman Sachs & Co. | 6/28/24 | (42) | ||||||||||||||
| CAD | 4,234 | USD | 3,134 | Goldman Sachs & Co. | 6/28/24 | (56) | ||||||||||||||
| CAD | 1,060 | USD | 784 | Goldman Sachs & Co. | 6/28/24 | (13) | ||||||||||||||
| CAD | 10,392 | USD | 7,684 | Goldman Sachs & Co. | 6/28/24 | (128) | ||||||||||||||
| CAD | 1,375 | USD | 1,014 | Goldman Sachs & Co. | 6/28/24 | (15) | ||||||||||||||
| CAD | 724 | USD | 530 | Goldman Sachs & Co. | 6/28/24 | (3) | ||||||||||||||
| CAD | 3,039 | USD | 2,223 | Goldman Sachs & Co. | 6/28/24 | (13) | ||||||||||||||
| CAD | 7,497 | USD | 5,449 | Goldman Sachs & Co. | 6/28/24 | 2 | ||||||||||||||
| CAD | 1,136 | USD | 826 | Goldman Sachs & Co. | 6/28/24 | — | ||||||||||||||
| CAD | 1,520 | USD | 1,106 | Goldman Sachs & Co. | 6/28/24 | (1) | ||||||||||||||
| CAD | 1,411 | USD | 1,034 | Goldman Sachs & Co. | 6/28/24 | (8) | ||||||||||||||
| CAD | 770 | USD | 562 | Goldman Sachs & Co. | 6/28/24 | (2) | ||||||||||||||
| CAD | 2,192 | USD | 1,605 | Goldman Sachs & Co. | 6/28/24 | (12) | ||||||||||||||
| USD | 6,430,409 | CAD | 8,657,659 | UBS AG | 6/20/24 | 136,429 | ||||||||||||||
| USD | 26,283 | CAD | 35,659 | Goldman Sachs & Co. | 6/28/24 | 356 | ||||||||||||||
| USD | 94,348 | CAD | 128,002 | Goldman Sachs & Co. | 6/28/24 | 1,280 | ||||||||||||||
| USD | 105,241 | CAD | 142,780 | Goldman Sachs & Co. | 6/28/24 | 1,428 | ||||||||||||||
| USD | 1,069 | CAD | 1,448 | Goldman Sachs & Co. | 6/28/24 | 16 | ||||||||||||||
| USD | 761 | CAD | 1,033 | Goldman Sachs & Co. | 6/28/24 | 10 | ||||||||||||||
| USD | 943 | CAD | 1,297 | Goldman Sachs & Co. | 6/28/24 | — | ||||||||||||||
| USD | 293,596 | CHF | 255,470 | JPMorgan Chase Bank N.A. | 6/20/24 | 14,178 | ||||||||||||||
| CLP | 52,689,598 | USD | 54,420 | Morgan Stanley | 6/21/24 | 437 | ||||||||||||||
| USD | 1,450,398 | CNY | 10,289,125 | JPMorgan Chase Bank N.A. | 6/20/24 | 4,215 | ||||||||||||||
| COP | 586,623,854 | USD | 146,534 | UBS AG | 6/20/24 | 1,907 | ||||||||||||||
| CZK | 4,756,855 | USD | 205,162 | UBS AG | 6/20/24 | (3,295) | ||||||||||||||
| EUR | 196,000 | USD | 214,496 | Bank of America N.A. | 6/20/24 | (4,909) | ||||||||||||||
| EUR | 1,343 | USD | 1,458 | Bank of America N.A. | 6/28/24 | (22) | ||||||||||||||
| EUR | 20,607 | USD | 22,001 | JPMorgan Chase Bank N.A. | 6/28/24 | 43 | ||||||||||||||
| EUR | 2,815 | USD | 3,006 | JPMorgan Chase Bank N.A. | 6/28/24 | 6 | ||||||||||||||
| EUR | 1,842 | USD | 1,966 | JPMorgan Chase Bank N.A. | 6/28/24 | 3 | ||||||||||||||
| EUR | 21,874 | USD | 23,532 | Morgan Stanley | 6/28/24 | (133) | ||||||||||||||
| USD | 11,912,916 | EUR | 10,845,590 | Citibank N.A. | 6/20/24 | 315,453 | ||||||||||||||
| USD | 19,628 | EUR | 18,051 | Bank of America N.A. | 6/28/24 | 319 | ||||||||||||||
| USD | 318,306 | EUR | 292,722 | Bank of America N.A. | 6/28/24 | 5,179 | ||||||||||||||
| USD | 24,439 | EUR | 22,507 | Bank of America N.A. | 6/28/24 | 363 | ||||||||||||||
| USD | 2,383 | EUR | 2,217 | Bank of America N.A. | 6/28/24 | 11 | ||||||||||||||
| USD | 19,623 | EUR | 18,051 | JPMorgan Chase Bank N.A. | 6/28/24 | 314 | ||||||||||||||
| USD | 318,223 | EUR | 292,722 | JPMorgan Chase Bank N.A. | 6/28/24 | 5,096 | ||||||||||||||
| USD | 19,634 | EUR | 18,051 | Morgan Stanley | 6/28/24 | 325 | ||||||||||||||
| USD | 318,393 | EUR | 292,722 | Morgan Stanley | 6/28/24 | 5,267 | ||||||||||||||
| USD | 1,237,256 | GBP | 981,176 | Bank of America N.A. | 6/20/24 | 10,915 | ||||||||||||||
| USD | 121,919 | GBP | 96,347 | Morgan Stanley | 6/28/24 | 1,494 | ||||||||||||||
| USD | 3,465 | GBP | 2,739 | Morgan Stanley | 6/28/24 | 42 | ||||||||||||||
| USD | 4,615 | GBP | 3,707 | Morgan Stanley | 6/28/24 | (19) | ||||||||||||||
| HUF | 35,597,077 | USD | 97,475 | JPMorgan Chase Bank N.A. | 6/20/24 | (655) | ||||||||||||||
| IDR | 4,951,198,870 | USD | 315,082 | Morgan Stanley | 6/20/24 | (11,012) | ||||||||||||||
| USD | 2,095,487 | JPY | 314,033,466 | Morgan Stanley | 6/20/24 | 89,522 | ||||||||||||||
| MXN | 5,426,473 | USD | 316,681 | UBS AG | 6/20/24 | (2,325) | ||||||||||||||
| MYR | 697,009 | USD | 148,363 | Morgan Stanley | 6/20/24 | (2,536) | ||||||||||||||
| USD | 137,222 | NOK | 1,424,463 | Citibank N.A. | 6/20/24 | 8,834 | ||||||||||||||
| PEN | 262,720 | USD | 70,759 | JPMorgan Chase Bank N.A. | 6/20/24 | (1,012) | ||||||||||||||
| PLN | 1,030,212 | USD | 261,439 | UBS AG | 6/20/24 | (7,600) | ||||||||||||||
| RON | 595,878 | USD | 129,993 | UBS AG | 6/20/24 | (2,291) | ||||||||||||||
| TRY | 880,887 | USD | 24,993 | Goldman Sachs & Co. | 6/20/24 | 888 | ||||||||||||||
| ZAR | 4,984,504 | USD | 264,429 | Morgan Stanley | 6/20/24 | (619) | ||||||||||||||
| $ | 517,138 | |||||||||||||||||||
| FUTURES CONTRACTS PURCHASED | ||||||||||||||
| Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
| Euro-Bobl 5-Year Bonds | 21 | June 2024 | $ | 2,609,337 | $ | (30,288) | ||||||||
| U.K. Gilt 10-Year Bonds | 20 | June 2024 | 2,393,638 | (56,758) | ||||||||||
| U.S. Treasury 2-Year Notes | 12 | June 2024 | 2,431,875 | (23,523) | ||||||||||
| U.S. Treasury 5-Year Notes | 158 | June 2024 | 16,549,266 | (312,650) | ||||||||||
| U.S. Treasury 10-Year Ultra Notes | 33 | June 2024 | 3,637,219 | (121,442) | ||||||||||
| $ | 27,621,335 | $ | (544,661) | |||||||||||
^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 37 | Buy | (5.00)% | 12/20/26 | $ | 2,816,880 | $ | (70,118) | $ | (140,762) | $ | (210,880) | |||||||||||||||
| Markit CDX North America High Yield Index Series 42 | Sell | 5.00% | 6/20/29 | $ | 360,000 | 20,317 | 2,936 | 23,253 | ||||||||||||||||||
| Markit iTraxx Europe Crossover Index Series 41 | Sell | 5.00% | 6/20/29 | EUR | 340,000 | 27,179 | 2,803 | 29,982 | ||||||||||||||||||
| $ | (22,622) | $ | (135,023) | $ | (157,645) | |||||||||||||||||||||
§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 | ||||||
| CVA | – | Certificaten Van Aandelen | ||||||
| CZK | – | Czech Koruna | ||||||
| DKK | – | Danish Krone | ||||||
| EUR | – | Euro | ||||||
| FHLMC | – | Federal Home Loan Mortgage Corp. | ||||||
| FNMA | – | Federal National Mortgage Association | ||||||
| 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 | ||||||
| JPY | – | Japanese Yen | ||||||
| LOC | – | Letter of Credit | ||||||
| MXN | – | Mexican Peso | ||||||
| MYR | – | Malaysian Ringgit | ||||||
| NOK | – | Norwegian Krone | ||||||
| PEN | – | Peruvian Sol | ||||||
| PLN | – | Polish Zloty | ||||||
| RFUCC | – | FTSE USD IBOR Consumer Cash Fallbacks | ||||||
| RON | – | New Romanian Leu | ||||||
| SBBPA | – | Standby Bond Purchase Agreement | ||||||
| SEQ | – | Sequential Payer | ||||||
| SOFR | – | Secured Overnight Financing Rate | ||||||
| THB | – | Thai Baht | ||||||
| TRY | – | Turkish Lira | ||||||
| USBMMY | – | U.S. Treasury Bill Money Market Yield | ||||||
| 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. | ||||||
| ZAR | – | South African Rand | ||||||
(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 $1,930,496. 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)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 $912,330.
(5)Security may be subject to resale, redemption or transferability restrictions.
(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 $25,726,420, which represented 8.2% of total net assets.
(7)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.
(8)Restricted security that may not be offered for public sale without being registered with the Securities and Exchange Commission and/or may be subject to resale, redemption or transferability restrictions. The aggregate value of these securities at the period end was $3,000,000, which represented 1.0% of total net assets.
(9)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.
(10)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $1,994,063, which includes securities collateral of $319,883.
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 value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.
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.
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, 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 and certificates of deposit are 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.
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.
If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.
The valuation designee 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; regulatory news, 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 valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee 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 | $ | 115,856,340 | — | — | |||||||
| U.S. Treasury Securities | — | $ | 66,282,123 | — | |||||||
| Common Stocks | 44,846,901 | 14,069,202 | — | ||||||||
| Sovereign Governments and Agencies | — | 16,990,711 | — | ||||||||
| Corporate Bonds | — | 11,803,606 | — | ||||||||
| Collateralized Loan Obligations | — | 5,410,027 | — | ||||||||
| Municipal Securities | — | 2,255,045 | — | ||||||||
| Preferred Stocks | — | 1,369,982 | — | ||||||||
| Asset-Backed Securities | — | 1,249,263 | — | ||||||||
| Collateralized Mortgage Obligations | — | 846,663 | — | ||||||||
| U.S. Government Agency Mortgage-Backed Securities | — | 512,728 | — | ||||||||
| Exchange-Traded Funds | 90,142 | — | — | ||||||||
| Rights | — | 356 | — | ||||||||
| Short-Term Investments | 16,942,355 | 16,539,741 | — | ||||||||
| $ | 177,735,738 | $ | 137,329,447 | — | |||||||
| Other Financial Instruments | |||||||||||
| Swap Agreements | — | $ | 53,235 | — | |||||||
| Forward Foreign Currency Exchange Contracts | — | 615,521 | — | ||||||||
| — | $ | 668,756 | — | ||||||||
| Liabilities | |||||||||||
| Other Financial Instruments | |||||||||||
| Futures Contracts | $ | 457,615 | $ | 87,046 | — | ||||||
| Swap Agreements | — | 210,880 | — | ||||||||
| Forward Foreign Currency Exchange Contracts | — | 98,383 | — | ||||||||
| $ | 457,615 | $ | 396,309 | — | |||||||
3. Affiliated Fund Transactions
A summary of transactions for each affiliated fund for the period ended April 30, 2024 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 | $ | 17,764 | — | — | $ | (203) | $ | 17,561 | 389 | — | $ | 640 | ||||||||||||||
| American Century Emerging Markets Bond ETF | 5,913 | — | — | 5 | 5,918 | 156 | — | 264 | ||||||||||||||||||
American Century Focused Dynamic Growth ETF(3) | 4,230 | $ | 1,552 | $ | 1,081 | 750 | 5,451 | 69 | $ | 146 | — | |||||||||||||||
| American Century Focused Large Cap Value ETF | 6,233 | 86 | 894 | 97 | 5,522 | 87 | 149 | 95 | ||||||||||||||||||
| American Century Multisector Income ETF | 15,038 | 1,066 | — | (44) | 16,060 | 378 | — | 650 | ||||||||||||||||||
| American Century Quality Diversified International ETF | 9,579 | 116 | 1,372 | 308 | 8,631 | 179 | 187 | 117 | ||||||||||||||||||
| American Century Short Duration Strategic Income ETF | 1,608 | — | — | 2 | 1,610 | 32 | — | 69 | ||||||||||||||||||
| American Century U.S. Quality Growth ETF | 14,211 | 725 | 2,942 | 1,082 | 13,076 | 164 | 712 | 35 | ||||||||||||||||||
| American Century U.S. Quality Value ETF | 18,706 | 340 | 3,931 | 323 | 15,438 | 282 | 1,020 | 200 | ||||||||||||||||||
| Avantis International Equity ETF | 10,414 | 123 | 1,309 | 158 | 9,386 | 152 | 202 | 127 | ||||||||||||||||||
Avantis International Small Cap Value ETF(4) | 1,865 | 20 | 324 | 38 | 1,599 | 25 | 51 | 24 | ||||||||||||||||||
| Avantis U.S. Equity ETF | 14,651 | 658 | 2,706 | (128) | 12,475 | 146 | 1,293 | 148 | ||||||||||||||||||
Avantis U.S. Small Cap Value ETF(4) | 2,758 | 781 | 494 | 84 | 3,129 | 35 | 87 | 40 | ||||||||||||||||||
| $ | 122,970 | $ | 5,467 | $ | 15,053 | $ | 2,472 | $ | 115,856 | 2,094 | $ | 3,847 | $ | 2,409 | ||||||||||||
(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.
(3)Non-income producing.
(4)Security, or a portion thereof, is on loan.
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.