|
Common Stocks — 106.1% |
|
Security |
Shares |
Value | |
|
Aerospace & Defense — 2.5% | |||
|
BAE Systems PLC |
|
1,137,301 |
$ 32,196,230 |
|
Safran SA |
|
44,241 |
17,385,885 |
|
|
|
|
$ 49,582,115 |
|
Automobiles — 0.8% | |||
|
Tesla, Inc.(1)
|
|
50,523 |
$ 15,723,263 |
|
|
|
|
$ 15,723,263 |
|
Banks — 10.7% | |||
|
Banco Santander SA |
|
1,901,175 |
$ 27,039,021 |
|
Bank Polska Kasa Opieki SA |
|
409,561 |
26,996,122 |
|
Barclays PLC |
|
3,599,776 |
24,743,197 |
|
BNP Paribas SA |
|
163,847 |
20,819,809 |
|
Citigroup, Inc. |
|
16,852 |
2,232,047 |
|
Grupo Financiero Banorte SAB de CV, Class O |
|
1,318,866 |
15,202,425 |
|
HDFC Bank Ltd. |
|
1,490,557 |
11,673,752 |
|
Huntington Bancshares, Inc.(2)
|
|
1,206,754 |
20,563,088 |
|
NatWest Group PLC |
|
1,838,555 |
17,342,415 |
|
Societe Generale SA |
|
349,998 |
32,898,637 |
|
Truist Financial Corp. |
|
223,802 |
11,601,896 |
|
|
|
|
$ 211,112,409 |
|
Beverages — 0.1% | |||
|
Diageo PLC |
|
104,643 |
$ 2,298,833 |
|
|
|
|
$ 2,298,833 |
|
Broadline Retail — 4.5% | |||
|
Amazon.com, Inc.(1)(2)
|
|
293,973 |
$ 79,837,188 |
|
MercadoLibre, Inc.(1)
|
|
5,234 |
9,829,190 |
|
|
|
|
$ 89,666,378 |
|
Building Products — 0.7% | |||
|
Trane Technologies PLC |
|
31,040 |
$ 14,121,648 |
|
|
|
|
$ 14,121,648 |
|
Capital Markets — 2.1% | |||
|
Charles Schwab Corp. |
|
170,980 |
$ 17,993,935 |
|
Japan Exchange Group, Inc. |
|
928,460 |
12,629,939 |
|
London Stock Exchange Group PLC |
|
103,461 |
11,638,591 |
|
|
|
|
$ 42,262,465 |
|
Security |
Shares |
Value | |
|
Chemicals — 0.8% | |||
|
Sika AG |
|
73,810 |
$ 16,606,556 |
|
|
|
|
$ 16,606,556 |
|
Consumer Finance — 0.9% | |||
|
Capital One Financial Corp. |
|
82,832 |
$ 17,312,716 |
|
|
|
|
$ 17,312,716 |
|
Consumer Staples Distribution & Retail — 1.1% | |||
|
U.S. Foods Holding Corp.(1)(2)
|
|
222,400 |
$ 22,371,216 |
|
|
|
|
$ 22,371,216 |
|
Electric Utilities — 2.8% | |||
|
Iberdrola SA |
|
618,806 |
$ 14,698,860 |
|
NextEra Energy, Inc. |
|
191,774 |
16,668,996 |
|
SSE PLC |
|
775,549 |
24,502,262 |
|
|
|
|
$ 55,870,118 |
|
Electrical Equipment — 2.0% | |||
|
AMETEK, Inc. |
|
97,088 |
$ 23,467,140 |
|
Schneider Electric SE |
|
47,823 |
16,067,825 |
|
|
|
|
$ 39,534,965 |
|
Electronic Equipment, Instruments & Components — 4.3% | |||
|
CDW Corp. |
|
163,138 |
$ 24,113,428 |
|
Keyence Corp. |
|
58,126 |
29,155,223 |
|
Zebra Technologies Corp., Class A(1)(2)
|
|
107,401 |
31,556,562 |
|
|
|
|
$ 84,825,213 |
|
Energy Equipment & Services — 0.2% | |||
|
Baker Hughes Co. |
|
56,048 |
$ 3,390,343 |
|
|
|
|
$ 3,390,343 |
|
Entertainment — 0.9% | |||
|
Walt Disney Co.(3)
|
|
178,659 |
$ 17,185,209 |
|
|
|
|
$ 17,185,209 |
|
Financial Services — 3.7% | |||
|
Edenred SE |
|
255,308 |
$ 8,405,956 |
|
Global Payments, Inc. |
|
212,404 |
17,858,928 |
|
Visa, Inc., Class A |
|
85,540 |
31,318,760 |
|
Voya Financial, Inc. |
|
152,745 |
15,187,436 |
|
|
|
|
$ 72,771,080 |
|
Security |
Shares |
Value | |
|
Food Products — 1.8% | |||
|
Nestle SA |
|
362,236 |
$ 36,205,842 |
|
|
|
|
$ 36,205,842 |
|
Health Care Equipment & Supplies — 2.3% | |||
|
Abbott Laboratories |
|
204,620 |
$ 21,628,334 |
|
Coloplast AS, Class B |
|
32,237 |
2,131,824 |
|
Intuitive Surgical, Inc.(1)(2)
|
|
28,777 |
10,167,777 |
|
Medline, Inc., Class A(1)
|
|
9,754 |
383,137 |
|
Straumann Holding AG |
|
94,192 |
11,664,757 |
|
|
|
|
$ 45,975,829 |
|
Health Care REITs — 0.7% | |||
|
Healthpeak Properties, Inc. |
|
644,390 |
$ 14,067,034 |
|
|
|
|
$ 14,067,034 |
|
Hotels, Restaurants & Leisure — 5.7% | |||
|
Amadeus IT Group SA |
|
318,768 |
$ 19,673,396 |
|
Aramark(3)
|
|
458,794 |
26,137,494 |
|
Compass Group PLC |
|
1,109,484 |
35,232,610 |
|
InterContinental Hotels Group PLC |
|
103,580 |
16,749,622 |
|
Marriott International, Inc., Class A(2)
|
|
38,644 |
14,407,643 |
|
|
|
|
$ 112,200,765 |
|
Household Products — 0.5% | |||
|
Reckitt Benckiser Group PLC |
|
148,676 |
$ 10,493,160 |
|
|
|
|
$ 10,493,160 |
|
Insurance — 4.3% | |||
|
AIA Group Ltd. |
|
1,292,108 |
$ 13,025,599 |
|
Allstate Corp. |
|
14,964 |
3,951,693 |
|
American International Group, Inc. |
|
295,694 |
23,235,634 |
|
Assurant, Inc. |
|
43,014 |
12,009,079 |
|
AXA SA |
|
334,399 |
17,331,766 |
|
Prudential PLC |
|
1,000,416 |
15,034,800 |
|
|
|
|
$ 84,588,571 |
|
Interactive Media & Services — 6.2% | |||
|
Alphabet, Inc., Class C(2)
|
|
343,969 |
$ 122,676,544 |
|
|
|
|
$ 122,676,544 |
|
Life Sciences Tools & Services — 1.0% | |||
|
Danaher Corp. |
|
100,558 |
$ 19,606,799 |
|
|
|
|
$ 19,606,799 |
|
Security |
Shares |
Value | |
|
Machinery — 2.3% | |||
|
IDEX Corp. |
|
124,293 |
$ 28,643,322 |
|
Parker-Hannifin Corp.(2)
|
|
18,146 |
17,720,113 |
|
|
|
|
$ 46,363,435 |
|
Metals & Mining — 0.7% | |||
|
Anglo American PLC |
|
279,717 |
$ 14,159,695 |
|
|
|
|
$ 14,159,695 |
|
Multi-Utilities — 0.5% | |||
|
Ameren Corp.(2)
|
|
83,371 |
$ 9,138,295 |
|
|
|
|
$ 9,138,295 |
|
Oil, Gas & Consumable Fuels — 3.4% | |||
|
ConocoPhillips(2)(3)
|
|
205,907 |
$ 24,807,675 |
|
ExxonMobil Holdings Corp.(2)
|
|
178,658 |
27,770,600 |
|
Occidental Petroleum Corp. |
|
267,988 |
15,294,075 |
|
|
|
|
$ 67,872,350 |
|
Personal Care Products — 0.8% | |||
|
L'Oreal Prime De Fidelite(1)
|
|
18,474 |
$ 8,228,231 |
|
L'Oreal SA |
|
18,161 |
8,088,822 |
|
|
|
|
$ 16,317,053 |
|
Pharmaceuticals — 4.6% | |||
|
AstraZeneca PLC |
|
216,447 |
$ 36,819,865 |
|
Eli Lilly & Co. |
|
27,458 |
31,544,849 |
|
Merck & Co., Inc.(2)
|
|
180,346 |
23,481,049 |
|
|
|
|
$ 91,845,763 |
|
Professional Services — 2.7% | |||
|
Intertek Group PLC |
|
109,052 |
$ 8,613,273 |
|
Recruit Holdings Co. Ltd. |
|
316,644 |
25,040,465 |
|
RELX PLC |
|
532,185 |
18,717,981 |
|
|
|
|
$ 52,371,719 |
|
Residential REITs — 1.2% | |||
|
Equity LifeStyle Properties, Inc.(2)
|
|
137,311 |
$ 8,934,827 |
|
Invitation Homes, Inc. |
|
517,581 |
15,382,507 |
|
|
|
|
$ 24,317,334 |
|
Semiconductors & Semiconductor Equipment — 17.1% | |||
|
ASML Holding NV |
|
27,329 |
$ 45,036,686 |
|
Broadcom, Inc.(2)
|
|
88,883 |
34,600,374 |
|
Infineon Technologies AG |
|
275,747 |
19,788,578 |
|
Microchip Technology, Inc.(2)
|
|
180,808 |
13,432,226 |
|
Security |
Shares |
Value | |
|
Semiconductors & Semiconductor Equipment (continued) | |||
|
Micron Technology, Inc. |
|
109,083 |
$ 89,778,582 |
|
NVIDIA Corp.(2)
|
|
432,389 |
86,802,092 |
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR |
|
49,008 |
19,811,484 |
|
Tokyo Electron Ltd. |
|
89,757 |
30,009,091 |
|
|
|
|
$ 339,259,113 |
|
Software — 6.0% | |||
|
Autodesk, Inc.(1)
|
|
67,724 |
$ 15,860,961 |
|
Intuit, Inc. |
|
11,256 |
3,557,684 |
|
Microsoft Corp.(2)
|
|
214,803 |
99,823,250 |
|
|
|
|
$ 119,241,895 |
|
Specialty Retail — 0.6% | |||
|
TJX Cos., Inc.(3)
|
|
75,073 |
$ 11,811,986 |
|
|
|
|
$ 11,811,986 |
|
Technology Hardware, Storage & Peripherals — 3.1% | |||
|
Apple, Inc. |
|
200,123 |
$ 61,819,996 |
|
|
|
|
$ 61,819,996 |
|
Textiles, Apparel & Luxury Goods — 1.9% | |||
|
Cie Financiere Richemont SA, Class A |
|
77,598 |
$ 18,339,645 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
33,746 |
18,531,109 |
|
|
|
|
$ 36,870,754 |
|
Trading Companies & Distributors — 0.6% | |||
|
IMCD NV |
|
110,082 |
$ 12,060,131 |
|
|
|
|
$ 12,060,131 |
|
Total Common Stocks
(identified cost $1,406,836,830) |
|
|
$2,103,898,590 |
|
Corporate Bonds — 10.2% |
|
Security |
Principal
Amount*
(000's omitted) |
Value | |
|
Banks — 6.1% | |||
|
Banco Bilbao Vizcaya Argentaria SA, 9.375% to
3/19/29(4)(5)
|
|
2,200 |
$ 2,385,511 |
|
Banco de Credito e Inversiones SA, 8.75% to
5/8/29(4)(5)(6)
|
|
1,510 |
1,592,537 |
|
Banco Mercantil del Norte SA/Grand Cayman: |
|
|
|
|
7.50% to 6/27/29(4)(5)(6)
|
|
2,470 |
2,452,142 |
|
7.625% to 1/10/28(4)(5)(6)
|
|
1,160 |
1,162,183 |
|
8.375% to 10/14/30(4)(5)(6)
|
|
1,105 |
1,142,852 |
|
Security |
Principal
Amount*
(000's omitted) |
Value | |
|
Banks (continued) | |||
|
Banco Mercantil del Norte SA/Grand Cayman:
(continued) |
|
|
|
|
8.375% to 5/20/31(4)(5)(6)
|
|
910 |
$ 924,787 |
|
Banco Santander SA, 9.625% to 5/21/33(4)(5)
|
|
5,400 |
6,303,550 |
|
Bank of America Corp., Series OO, 6.625% to
5/1/30(4)(5)
|
|
1,095 |
1,118,520 |
|
Bank of Montreal, 7.70% to 5/26/29, 5/26/84(5)
|
|
6,415 |
6,657,628 |
|
Bank of Nova Scotia, 8.00% to 1/27/29, 1/27/84(5)
|
|
6,780 |
7,115,569 |
|
Barclays PLC, 8.00% to 3/15/29(4)(5)
|
|
3,629 |
3,820,114 |
|
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico, 8.45% to 6/29/33,
6/29/38(5)(6)
|
|
1,000 |
1,072,418 |
|
BNP Paribas SA: |
|
|
|
|
4.625% to 2/25/31(4)(5)(6)
|
|
1,210 |
1,106,452 |
|
7.75% to 8/16/29(4)(5)(6)
|
|
1,710 |
1,784,951 |
|
8.00% to 8/22/31(4)(5)(6)
|
|
1,642 |
1,742,891 |
|
Canadian Imperial Bank of Commerce, 7.00% to
10/28/30, 10/28/85(5)
|
|
4,570 |
4,630,813 |
|
Citigroup, Inc.: |
|
|
|
|
6.875% to 8/15/30(4)(5)
|
|
1,175 |
1,187,131 |
|
6.95% to 2/15/30(4)(5)
|
|
3,610 |
3,644,396 |
|
CoBank ACB, 7.25% to 7/1/29(4)(5)
|
|
1,760 |
1,775,916 |
|
Farm Credit Bank of Texas, 7.75% to 6/15/29(4)(5)
|
|
2,898 |
3,008,988 |
|
HSBC Holdings PLC, 4.60% to 12/17/30(4)(5)
|
|
3,700 |
3,457,312 |
|
Huntington Bancshares, Inc., Series F, 5.625% to
7/15/30(4)(5)
|
|
3,676 |
3,662,091 |
|
ING Groep NV, 7.25% to 11/16/34(4)(5)(7)
|
|
4,450 |
4,626,168 |
|
NatWest Group PLC, 8.125% to 11/10/33(4)(5)
|
|
3,366 |
3,664,726 |
|
Nordea Bank Abp, 6.75% to 11/10/33(4)(5)(6)
|
|
3,175 |
3,166,878 |
|
PNC Financial Services Group, Inc., Series V, 6.20%
to 9/15/27(4)(5)
|
|
2,475 |
2,493,689 |
|
Royal Bank of Canada: |
|
|
|
|
6.50% to 11/24/35, 11/24/85(5)
|
|
2,375 |
2,307,262 |
|
7.50% to 5/2/29, 5/2/84(5)
|
|
3,470 |
3,585,808 |
|
Societe Generale SA: |
|
|
|
|
5.375% to 11/18/30(4)(5)(6)
|
|
5,718 |
5,443,724 |
|
8.50% to 3/25/34(4)(5)(6)
|
|
937 |
1,017,402 |
|
State Street Corp., Series J, 6.70% to 9/15/29(4)(5)
|
|
2,320 |
2,383,570 |
|
Sumitomo Mitsui Financial Group, Inc., 6.60% to
6/5/34(4)(5)
|
|
3,660 |
3,652,907 |
|
Svenska Handelsbanken AB, 4.75% to 3/1/31(4)(5)(7)
|
|
1,200 |
1,134,514 |
|
Swedbank AB, 7.75% to 3/17/30(4)(5)(7)
|
|
4,600 |
4,825,630 |
|
Toronto-Dominion Bank, 8.125% to 10/31/27,
10/31/82(5)
|
|
7,375 |
7,603,706 |
|
Truist Financial Corp., Series Q, 5.10% to 3/1/30(4)(5)
|
|
4,161 |
4,127,846 |
|
Security |
Principal
Amount*
(000's omitted) |
Value | |
|
Banks (continued) | |||
|
UBS Group AG: |
|
|
|
|
4.375% to 2/10/31(4)(5)(6)
|
|
2,750 |
$ 2,509,296 |
|
6.85% to 9/10/29(4)(5)(6)
|
|
1,700 |
1,734,785 |
|
9.25% to 11/13/33(4)(5)(6)
|
|
2,950 |
3,382,532 |
|
Wells Fargo & Co., 6.85% to 9/15/29(4)(5)
|
|
1,085 |
1,117,623 |
|
|
|
|
$ 120,526,818 |
|
Capital Markets — 0.3% | |||
|
Charles Schwab Corp., Series H, 4.00% to
12/1/30(4)(5)
|
|
5,960 |
$ 5,507,971 |
|
|
|
|
$ 5,507,971 |
|
Construction Materials — 0.1% | |||
|
Cemex SAB de CV, 7.20% to 6/10/30(4)(5)(6)
|
|
2,187 |
$ 2,259,718 |
|
|
|
|
$ 2,259,718 |
|
Diversified Financial Services — 0.6% | |||
|
Alpha Holding SA de CV: |
|
|
|
|
9.00%, 2/10/25(6)(8)
|
|
3,050 |
$ 27,448 |
|
10.00%, 12/19/22(6)(8)
|
|
443 |
3,983 |
|
American AgCredit Corp., Series A, 8.746% to
9/15/26(4)(5)(6)
|
|
6,489 |
6,488,156 |
|
Brookfield Finance, Inc., 6.30% to 10/15/34,
1/15/55(5)
|
|
1,200 |
1,162,645 |
|
Goldman Sachs Group, Inc., Series W, 7.50% to
2/10/29(4)(5)
|
|
2,425 |
2,515,251 |
|
HA Sustainable Infrastructure Capital, Inc., 8.00% to
3/1/31, 6/1/56(5)
|
|
1,225 |
1,286,663 |
|
Marex U.K. Holdings Ltd., 7.70% to 6/9/32(4)(5)(7)
|
|
1,150 |
1,148,310 |
|
Unifin Financiera SAB de CV: |
|
|
|
|
7.375%, 2/12/26(6)(8)(9)
|
|
1,325 |
0 |
|
7.375%, 2/12/26(6)(8)(9)
|
|
1,325 |
0 |
|
|
|
|
$ 12,632,456 |
|
Electric Utilities — 0.7% | |||
|
American Electric Power Co., Inc., 5.80% to
12/15/30, 3/15/56(5)
|
|
1,175 |
$ 1,154,631 |
|
Dominion Energy, Inc.: |
|
|
|
|
6.00% to 11/15/30, 2/15/56(5)
|
|
525 |
519,998 |
|
Series C, 4.35% to 1/15/27(4)(5)
|
|
816 |
812,305 |
|
NextEra Energy Capital Holdings, Inc.: |
|
|
|
|
4.75% to 11/26/35, 2/26/56(5)
|
EUR |
1,000 |
1,117,818 |
|
6.375% to 5/15/30, 8/15/55(5)
|
|
1,200 |
1,205,551 |
|
Series CC, 6.625% to 7/4/46, 10/1/66(5)
|
|
1,500 |
1,461,662 |
|
Sempra, 4.125% to 1/1/27, 4/1/52(5)
|
|
4,252 |
4,221,687 |
|
Security |
Principal
Amount*
(000's omitted) |
Value | |
|
Electric Utilities (continued) | |||
|
Southern Co., Series 21-A, 3.75% to 8/10/26,
9/15/51(5)
|
|
1,455 |
$ 1,453,262 |
|
Xcel Energy, Inc., 5.75% to 9/3/31, 12/3/56(5)
|
|
1,135 |
1,113,663 |
|
|
|
|
$ 13,060,577 |
|
Food Products — 0.3% | |||
|
Land O' Lakes, Inc., 8.00%(4)(6)
|
|
5,982 |
$ 5,982,000 |
|
|
|
|
$ 5,982,000 |
|
Independent Power and Renewable Electricity Producers — 0.1% | |||
|
Algonquin Power & Utilities Corp., 4.75% to 1/18/27,
1/18/82(5)
|
|
2,886 |
$ 2,860,565 |
|
|
|
|
$ 2,860,565 |
|
Insurance — 1.0% | |||
|
American National Group, Inc., 7.00% to 12/1/30,
12/1/55(5)
|
|
1,350 |
$ 1,299,779 |
|
Athene Holding Ltd., 6.625% to 7/15/34, 10/15/54(5)
|
|
1,047 |
987,277 |
|
Equitable Holdings, Inc., 6.70% to 12/28/34,
3/28/55(5)
|
|
2,182 |
2,216,825 |
|
Global Atlantic Fin Co., 7.95% to 7/15/29,
10/15/54(5)(6)
|
|
4,553 |
4,560,157 |
|
Liberty Mutual Group, Inc., 4.125% to 9/15/26,
12/15/51(5)(6)
|
|
7,057 |
7,010,358 |
|
Lincoln National Corp., 6.80% to 4/15/36, 7/15/56(5)
|
|
2,385 |
2,358,607 |
|
Nippon Life Insurance Co., 6.50% to 4/30/35,
4/30/55(5)(6)
|
|
2,175 |
2,242,220 |
|
|
|
|
$ 20,675,223 |
|
Pipelines — 0.5% | |||
|
Enbridge, Inc., Series NC5, 8.25% to 10/15/28,
1/15/84(5)
|
|
5,668 |
$ 5,966,539 |
|
TransCanada PipeLines Ltd., 6.125% to 7/17/31,
10/17/56(5)
|
|
3,425 |
3,424,192 |
|
|
|
|
$ 9,390,731 |
|
Telecommunications — 0.5% | |||
|
Bell Telephone Co. of Canada or Bell Canada, 6.875%
to 6/15/30, 9/15/55(5)
|
|
4,250 |
$ 4,288,411 |
|
TELUS Corp., 6.375% to 3/9/31, 6/9/56(5)
|
|
4,700 |
4,642,660 |
|
|
|
|
$ 8,931,071 |
|
Total Corporate Bonds
(identified cost $202,516,822) |
|
|
$ 201,827,130 |
|
Preferred Stocks — 1.0% |
|
Security |
Shares |
Value | |
|
Banks — 0.2% | |||
|
Citigroup, Inc., Series II, 6.25%(1)
|
|
50,000 |
$ 1,228,500 |
|
Citizens Financial Group, Inc., Series H, 7.375% |
|
16,092 |
415,495 |
|
KeyCorp, Series H, 6.20% to 12/15/27(5)
|
|
95,062 |
2,411,723 |
|
|
|
|
$ 4,055,718 |
|
Capital Markets — 0.1% | |||
|
Affiliated Managers Group, Inc., 4.75% |
|
143,480 |
$ 2,404,725 |
|
|
|
|
$ 2,404,725 |
|
Consumer Finance — 0.0%† | |||
|
Synchrony Financial, Series B, 8.25% to 5/15/29(5)
|
|
26,631 |
$ 690,276 |
|
|
|
|
$ 690,276 |
|
Electric Utilities — 0.2% | |||
|
Brookfield BRP Holdings Canada, Inc.: |
|
|
|
|
4.625% |
|
130,175 |
$ 1,965,642 |
|
7.25% |
|
79,518 |
1,960,119 |
|
|
|
|
$ 3,925,761 |
|
Insurance — 0.3% | |||
|
American National Group, Inc., 7.375% |
|
86,700 |
$ 2,063,460 |
|
Aspen Insurance Holdings Ltd., 7.00% |
|
143,000 |
3,400,540 |
|
|
|
|
$ 5,464,000 |
|
Wireless Telecommunication Services — 0.2% | |||
|
T-Mobile USA, Inc., 6.25% |
|
143,263 |
$ 3,303,645 |
|
|
|
|
$ 3,303,645 |
|
Total Preferred Stocks
(identified cost $22,320,682) |
|
|
$ 19,844,125 |
|
Miscellaneous — 0.0% |
|
Security |
Principal
Amount |
Value | |
|
Construction & Engineering — 0.0% | |||
|
Abengoa Abenewco 2 SA, Escrow Certificates(1)(9)
|
$ |
1,349,504 |
$ 0 |
|
Total Miscellaneous
(identified cost $0) |
|
|
$ 0 |
|
Total Investments — 117.3%(10)
(identified cost $1,631,674,334) |
|
|
$2,325,569,845 |
|
Other Assets, Less Liabilities — (17.3)% |
|
|
$ (342,667,068) |
|
Net Assets — 100.0% |
|
|
$1,982,902,777 |
|
The percentage shown for each investment category in the Portfolio of
Investments is based on net assets. | |
|
†
|
Amount is less than 0.05% or (0.05)%, as applicable. |
|
* |
In U.S. dollars unless otherwise indicated. |
|
(1)
|
Non-income producing security. |
|
(2)
|
All or a portion of this security was on loan at July 31, 2026. The
aggregate market value of securities on loan at July 31, 2026 was
$356,035,804 and the total market value of the collateral received by
the Fund was $363,515,723, comprised of cash. |
|
(3)
|
Security (or a portion thereof) has been pledged to cover collateral
requirements on open derivative contracts. |
|
(4)
|
Perpetual security with no stated maturity date but may be subject to
calls by the issuer. |
|
(5)
|
Security converts to variable rate after the indicated fixed-rate coupon
period. |
|
(6)
|
Security exempt from registration under Rule 144A of the Securities Act
of 1933, as amended. These securities may be sold in certain
transactions in reliance on an exemption from registration (normally to
qualified institutional buyers). At July 31, 2026, the aggregate value of
these securities is $58,809,870 or 3.0% of the Fund's net assets. |
|
(7)
|
Security exempt from registration under Regulation S of the Securities
Act of 1933, as amended, which exempts from registration securities
offered and sold outside the United States. Security may not be offered
or sold in the United States except pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the
Securities Act of 1933, as amended. At July 31, 2026, the aggregate
value of these securities is $11,734,622 or 0.6% of the Fund's net
assets. |
|
(8)
|
Issuer is in default with respect to interest and/or principal payments and
is non-income producing. |
|
(9)
|
Security is valued using significant unobservable inputs and is
categorized as Level 3 in the fair value hierarchy. |
|
(10)
|
The Fund has granted a security interest in all the Fund’s investments,
unless otherwise pledged, in connection with the Liquidity Agreement. |
|
Country Concentration of Portfolio | ||
|
Country |
Percentage of
Total Investments |
Value |
|
United States |
59.9% |
$1,394,108,092 |
|
United Kingdom |
10.1 |
234,688,879 |
|
France |
6.1 |
142,785,635 |
|
Japan |
4.4 |
102,729,845 |
|
Switzerland |
3.9 |
90,443,413 |
|
Spain |
3.0 |
70,100,338 |
|
Netherlands |
2.7 |
61,722,985 |
|
Canada |
2.5 |
58,171,559 |
|
Hong Kong |
1.2 |
28,060,399 |
|
Poland |
1.2 |
26,996,122 |
|
Mexico |
1.0 |
24,247,956 |
|
Taiwan |
0.9 |
19,811,484 |
|
Germany |
0.9 |
19,788,578 |
|
South Africa |
0.6 |
14,159,695 |
|
India |
0.5 |
11,673,752 |
|
Brazil |
0.4 |
9,829,190 |
|
Sweden |
0.3 |
5,960,144 |
|
Bermuda |
0.1 |
3,400,540 |
|
Finland |
0.1 |
3,166,878 |
|
Denmark |
0.1 |
2,131,824 |
|
Chile |
0.1 |
1,592,537 |
|
Total Investments |
100.0% |
$2,325,569,845 |
|
Forward Foreign Currency Exchange Contracts (OTC) | |||||||
|
Currency Purchased |
Currency Sold |
Counterparty |
Settlement
Date |
Unrealized
Appreciation |
Unrealized
(Depreciation) | ||
|
USD |
1,137,965 |
EUR |
979,586 |
Goldman Sachs International |
9/16/26 |
$6,434 |
$ — |
|
|
|
|
|
|
|
$6,434 |
$— |
|
Futures Contracts | |||||
|
Description |
Number of
Contracts |
Position |
Expiration
Date |
Notional
Amount |
Value/Unrealized
Appreciation
(Depreciation) |
|
Equity Futures |
|
|
|
|
|
|
E-Mini PHLX Semiconductor Sector Index |
(88
) |
Short |
9/18/26 |
$(25,018,400
) |
$6,187,443 |
|
|
|
|
|
|
$6,187,443 |
|
Abbreviations: | |
|
ADR |
– American Depositary Receipt |
|
OTC |
– Over-the-counter |
|
REITs |
– Real Estate Investment Trusts |
|
Name |
Value,
beginning
of period |
Purchases |
Sales
proceeds |
Net
realized
gain (loss) |
Change in
unrealized
appreciation
(depreciation) |
Value, end
of period |
Dividend
income |
Shares,
end of period |
|
Short-Term Investments |
|
|
|
|
|
|
|
|
|
Liquidity Fund, Institutional Class(1)
|
$11,275,232 |
$628,390,940 |
$(639,666,172) |
$ — |
$ — |
$ — |
$443,249 |
— |
|
(1)
|
Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
|
Asset Description |
Level 1 |
Level 2 |
Level 3* |
Total |
|
Common Stocks: |
|
|
|
|
|
Communication Services |
$139,861,753 |
$ — |
$ — |
$139,861,753 |
|
Consumer Discretionary |
157,746,764 |
108,526,382 |
— |
266,273,146 |
|
Consumer Staples |
22,371,216 |
65,314,888 |
— |
87,686,104 |
|
Energy |
71,262,693 |
— |
— |
71,262,693 |
|
Financials |
188,467,637 |
239,579,604 |
— |
428,047,241 |
|
Health Care |
106,811,945 |
50,616,446 |
— |
157,428,391 |
|
Industrials |
83,952,223 |
130,081,790 |
— |
214,034,013 |
|
Asset Description (continued) |
Level 1 |
Level 2 |
Level 3* |
Total |
|
Information Technology |
$481,156,639 |
$123,989,578 |
$ — |
$605,146,217 |
|
Materials |
— |
30,766,251 |
— |
30,766,251 |
|
Real Estate |
38,384,368 |
— |
— |
38,384,368 |
|
Utilities |
25,807,291 |
39,201,122 |
— |
65,008,413 |
|
Total Common Stocks |
$1,315,822,529 |
$788,076,061
** |
$ — |
$2,103,898,590 |
|
Corporate Bonds |
$ — |
$201,827,130 |
$0 |
$201,827,130 |
|
Preferred Stocks: |
|
|
|
|
|
Communication Services |
3,303,645 |
— |
— |
3,303,645 |
|
Financials |
12,614,719 |
— |
— |
12,614,719 |
|
Utilities |
3,925,761 |
— |
— |
3,925,761 |
|
Total Preferred Stocks |
$19,844,125 |
$ — |
$ — |
$19,844,125 |
|
Miscellaneous |
$ — |
$ — |
$0 |
$0 |
|
Total Investments |
$1,335,666,654 |
$989,903,191 |
$0 |
$2,325,569,845 |
|
Forward Foreign Currency Exchange Contracts |
$ — |
$6,434 |
$ — |
$6,434 |
|
Futures Contracts |
6,187,443 |
— |
— |
6,187,443 |
|
Total |
$1,341,854,097 |
$989,909,625 |
$0 |
$2,331,763,722 |
|
* |
None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
|
** |
Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that
occurred after the close of trading in their applicable foreign markets. |