# EDGAR Filing Document

**Accession Number:** 0000898031
**File Stem:** 0001752724-23-073897
**Filing Date:** 2023-3
**Character Count:** 186092
**Document Hash:** b7776d5ec8969abf92bb5afbc6f38d9b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073897.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LORD ABBETT SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000898031
- **IRS NUMBER:** 133712440
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07538
- **FILM NUMBER:** 23778667

**BUSINESS ADDRESS:**
- **STREET 1:** 90 HUDSON STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 201-827-2000

**MAIL ADDRESS:**
- **STREET 1:** 90 HUDSON STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

## Series and Classes Contracts Data

### Lord Abbett International Opportunities Fund (Series ID: S000007183)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000019658 | Class A      | LAIEX           |
| C000019660 | Class C      | LINCX           |
| C000019661 | Class P      | LINPX           |
| C000019662 | Class I      | LINYX           |
| C000054937 | Class F      | LINFX           |
| C000054938 | Class R2     | LINQX           |
| C000054939 | Class R3     | LINRX           |
| C000155679 | Class R4     | LINSX           |
| C000155680 | Class R5     | LINTX           |
| C000155681 | Class R6     | LINVX           |
| C000184538 | Class F3     | LOIEX           |

## Nport-Ex

![](x2_c105954x1x1.jpg)

Lord Abbett<br> Quarterly Portfolio Holdings Report

Lord Abbett<br> Alpha Strategy Fund<br> Focused Growth Fund<br> Focused Large Cap Value Fund<br> Focused Small Cap Value Fund<br> Fundamental Equity Fund<br> Global Equity Fund<br> Growth Leaders Fund<br> Health Care Fund<br> International Equity Fund<br> International Opportunities Fund<br> International Value Fund<br> Micro Cap Growth Fund<br> Value Opportunities Fund<br>

*For the period ended January 31, 2023*

**Schedule of Investments (unaudited)**

ALPHA STRATEGY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **Fair**<br>**Value** |
| **LONG-TERM INVESTMENTS 100.02%** | **LONG-TERM INVESTMENTS 100.02%** | **LONG-TERM INVESTMENTS 100.02%** |
| **INVESTMENTS IN UNDERLYING FUNDS**<sup>(a)(b)</sup> **100.02%** | **INVESTMENTS IN UNDERLYING FUNDS**<sup>(a)(b)</sup> **100.02%** | **INVESTMENTS IN UNDERLYING FUNDS**<sup>(a)(b)</sup> **100.02%** |
| Lord Abbett Developing Growth Fund, Inc. - Class I\*<sup>(c)</sup> | 5486232 | $132602227 |
| Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I<sup>(d)</sup> | 2411273 | 66816369 |
| Lord Abbett Securities Trust - International Opportunities Fund - Class I<sup>(d)</sup> | 7289607 | 131577405 |
| Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I\*<sup>(d)</sup> | 3778617 | 66276950 |
| Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I<sup>(d)</sup> | 7302676 | 133711999 |
| Lord Abbett Securities Trust - Value Opportunities Fund - Class I<sup>(d)</sup> | 7485682 | 132571431 |
| *Total Investments in Underlying Funds <br> (cost 685,056,253)* |  | 663556381 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **Fair<br> Value** |
| **SHORT-TERM INVESTMENTS 0.08%** |  |  |
| **Repurchase Agreements 0.08%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $566,900 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $548,997; proceeds: $538,204 <br> (cost $538,174) | $538174 | $538174 |
| *Total Investments in Securities 100.10% <br> (cost $685,594,427)* |  | 664094555 |
| *Other Assets and Liabilities – Net (0.10)%* |  | (654221) |
| *Net Assets 100.00%* |  | $663440334 |

---

\* Non-income producing security.

<sup>(a)</sup> Affiliated issuer.

<sup>(b)</sup> These investments offer daily redemptions.

<sup>(c)</sup> Fund investment objective is long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter.

<sup>(d)</sup> Fund investment objective is long-term capital appreciation.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments in Underlying Funds | $663556381 | $– | $– | $663556381 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 538174 | – | 538174 |
| Total | $663556381 | $538174 | $– | $664094555 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each in each investment in Underlying Funds. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 1

**Schedule of Investments (unaudited)**

FOCUSED GROWTH FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **Fair**<br>**Value** |
| **LONG-TERM INVESTMENTS 98.13%** |  |  |
| **COMMON STOCKS 98.13%** |  |  |
| **Aerospace & Defense 5.98%** |  |  |
| Axon Enterprise, Inc.\* | 5626 | $1099545 |
| Raytheon Technologies Corp. | 10076 | 1006089 |
| *Total* |  | 2105634 |
| **Biotechnology 7.17%** |  |  |
| Argenx SE ADR\* | 1824 | 697224 |
| Sarepta Therapeutics, Inc.\* | 7259 | 907157 |
| Vertex Pharmaceuticals, Inc.\* | 2853 | 921805 |
| *Total* |  | 2526186 |
| **Communications Equipment 3.69%** |  |  |
| Arista Networks, Inc.\* | 5796 | 730412 |
| Calix, Inc.\* | 10801 | 568565 |
| *Total* |  | 1298977 |
| **Electrical Equipment 3.02%** |  |  |
| Rockwell Automation, Inc. | 3778 | 1065509 |
| **Health Care Equipment & Supplies 4.09%** |  |  |
| DexCom, Inc.\* | 7403 | 792787 |
| TransMedics Group, Inc.\* | 10260 | 646585 |
| *Total* |  | 1439372 |
| **Hotels, Restaurants & Leisure 2.86%** |  |  |
| Chipotle Mexican Grill, Inc.\* | 613 | 1009231 |
| **Information Technology Services 13.71%** |  |  |
| Block, Inc.\* | 8745 | 714641 |
| Mastercard, Inc. Class A | 4645 | 1721437 |
| Shopify, Inc. Class A (Canada)\*<sup>(a)</sup> | 34984 | 1723662 |
| Snowflake, Inc. Class A\* | 4285 | 670345 |
| *Total* |  | 4830085 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Fair** | **Fair** |
| <br>**Investments** |<br>**Shares** | **Value** | **Value** |
| **Internet & Direct Marketing Retail 10.23%** | **Internet & Direct Marketing Retail 10.23%** |  |  |
| MercadoLibre, Inc.(Uruguay)\*<sup>(a)</sup> | 1253 | $| 1480658 |
| Netflix, Inc.\* | 3521 |  | 1245941 |
| Pinduoduo, Inc. ADR\* | 8947 |  | 876627 |
| *Total* |  |  | 3603226 |
| **Machinery 2.53%** |  |  |  |
| Deere & Co. | 2107 |  | 890924 |
| **Pharmaceuticals 2.95%** |  |  |  |
| Eli Lilly & Co. | 3022 |  | 1040021 |
| **Semiconductors & Semiconductor Equipment 14.97%** | **Semiconductors & Semiconductor Equipment 14.97%** | **Semiconductors & Semiconductor Equipment 14.97%** | **Semiconductors & Semiconductor Equipment 14.97%** |
| Advanced Micro Devices, Inc.\* | 7983 |  | 599922 |
| Applied Materials, Inc. | 6175 |  | 688451 |
| First Solar, Inc.\* | 4351 |  | 772738 |
| Lattice Semiconductor Corp.\* | 14340 |  | 1086829 |
| Monolithic Power Systems, Inc. | 1665 |  | 710222 |
| NVIDIA Corp. | 7244 |  | 1415260 |
| *Total* |  |  | 5273422 |
| **Software 12.02%** |  |  |  |
| Bill.com Holdings, Inc.\* | 5520 |  | 638222 |
| Clear Secure, Inc. Class A | 35825 |  | 1124547 |
| Microsoft Corp. | 5746 |  | 1423916 |
| ServiceNow, Inc.\* | 2300 |  | 1046799 |
| *Total* |  |  | 4233484 |
| **Technology Hardware, Storage & Peripherals 7.91%** | **Technology Hardware, Storage & Peripherals 7.91%** | **Technology Hardware, Storage & Peripherals 7.91%** | **Technology Hardware, Storage & Peripherals 7.91%** |
| Apple, Inc. | 19319 |  | 2787539 |
| **Textiles, Apparel & Luxury Goods 7.00%** | **Textiles, Apparel & Luxury Goods 7.00%** | **Textiles, Apparel & Luxury Goods 7.00%** | **Textiles, Apparel & Luxury Goods 7.00%** |
| Crocs, Inc.\* | 8869 |  | 1079978 |
| NIKE, Inc. Class B | 10887 |  | 1386242 |
| *Total* |  |  | 2466220 |
| *Total Common Stocks <br> (cost $33,153,508)* |  |  | 34569830 |

---

2 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

FOCUSED GROWTH FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| <br>**Investments** | **Principal**<br>**Amount** | **Fair**<br>**Value** |
| **SHORT-TERM INVESTMENTS 3.49%** |  |  |
| **Repurchase Agreements 3.49%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $1,293,700 of U.S. Treasury Note at 2.250% due 11/15/2024 value: $1,252,844; proceeds: $1,228,297 <br> (cost $1,228,227) | $1228227 | $1228227 |
| *Total Investments in Securities 101.62% <br> (cost $34,381,735)* |  | 35798057 |
| *Other Assets and Liabilities – Net (1.62)%* |  | (570373) |
| *Net Assets 100.00%* |  | $35227684 |

---

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

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $34569830 | $– | $– | $34569830 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 1228227 | – | 1228227 |
| Total | $34569830 | $1228227 | $– | $35798057 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 3

**Schedule of Investments (unaudited)**

FOCUSED LARGE CAP VALUE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **Fair**<br>**Value** |
| **LONG-TERM INVESTMENTS 98.74%** |  |  |
| **COMMON STOCKS 98.74%** |  |  |
| **Aerospace & Defense 4.08%** |  |  |
| Raytheon Technologies Corp. | 8920 | $890662 |
| **Air Freight & Logistics 1.71%** |  |  |
| Expeditors International of Washington, Inc. | 3450 | 373118 |
| **Automobiles 2.60%** |  |  |
| General Motors Co. | 14400 | 566208 |
| **Banks 6.73%** |  |  |
| JPMorgan Chase & Co. | 5380 | 752985 |
| Wells Fargo & Co. | 15250 | 714767 |
| *Total* |  | 1467752 |
| **Biotechnology 4.73%** |  |  |
| AbbVie, Inc. | 4290 | 633847 |
| Gilead Sciences, Inc. | 4740 | 397876 |
| *Total* |  | 1031723 |
| **Building Products 2.30%** |  |  |
| Masco Corp. | 9430 | 501676 |
| **Capital Markets 10.42%** |  |  |
| Ameriprise Financial, Inc. | 2540 | 889305 |
| Charles Schwab Corp. (The) | 7080 | 548134 |
| KKR & Co., Inc. | 14950 | 834359 |
| *Total* |  | 2271798 |
| **Chemicals 2.60%** |  |  |
| Valvoline, Inc. | 15440 | 566030 |
| **Construction Materials 2.75%** |  |  |
| Eagle Materials, Inc. | 4110 | 600389 |
| **Energy Equipment & Services 2.98%** |  |  |
| Schlumberger Ltd. | 11390 | 649002 |
| **Food & Staples Retailing 2.57%** |  |  |
| BJ's Wholesale Club Holdings, Inc.\* | 7720 | 559468 |

---

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **Fair**<br>**Value** |
| **Health Care Providers & Services 5.48%** |  |  |
| Centene Corp.\* | 7030 | $535967 |
| CVS Health Corp. | 7470 | 659004 |
| *Total* |  | 1194971 |
| **Hotels, Restaurants & Leisure 2.75%** |  |  |
| Caesars Entertainment, Inc.\* | 11540 | 600772 |
| **Household Products 1.86%** |  |  |
| Spectrum Brands Holdings, Inc. | 5960 | 404565 |
| **Information Technology Services 7.62%** |  |  |
| Euronet Worldwide, Inc.\* | 4360 | 491285 |
| Fiserv, Inc.\* | 5680 | 605942 |
| PayPal Holdings, Inc.\* | 6940 | 565541 |
| *Total* |  | 1662768 |
| **Insurance 6.54%** |  |  |
| Allstate Corp. (The) | 6000 | 770820 |
| RenaissanceRe Holdings Ltd. | 3350 | 655561 |
| *Total* |  | 1426381 |
| **Interactive Media & Services 1.96%** |  |  |
| Alphabet, Inc. Class A\* | 4320 | 426989 |
| **Machinery 3.30%** |  |  |
| Parker-Hannifin Corp. | 2210 | 720460 |
| **Metals & Mining 0.98%** |  |  |
| Alcoa Corp. | 4090 | 213662 |
| **Multi-Line Retail 2.69%** |  |  |
| Target Corp. | 3410 | 586997 |
| **Oil, Gas & Consumable Fuels 5.85%** |  |  |
| Chesapeake Energy Corp. | 6018 | 521881 |
| Pioneer Natural Resources Co. | 1590 | 366256 |
| Shell plc ADR | 6600 | 388146 |
| *Total* |  | 1276283 |

---

4 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

FOCUSED LARGE CAP VALUE FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| | | **Fair** | **Fair** |
| <br>**Investments** |<br>**Shares** | **Value** | **Value** |
| **Pharmaceuticals 5.49%** |  |  |  |
| Organon & Co. | 22100 | $| 665873 |
| Pfizer, Inc. | 12050 |  | 532128 |
| *Total* |  |  | 1198001 |
| **Semiconductors & Semiconductor Equipment 1.95%** | **Semiconductors & Semiconductor Equipment 1.95%** | **Semiconductors & Semiconductor Equipment 1.95%** | **Semiconductors & Semiconductor Equipment 1.95%** |
| Micron Technology, Inc. | 7050 |  | 425115 |
| **Software 2.72%** |  |  |  |
| Adobe, Inc.\* | 1600 |  | 592544 |
| **Trading Companies & Distributors 3.15%** | **Trading Companies & Distributors 3.15%** | **Trading Companies & Distributors 3.15%** | **Trading Companies & Distributors 3.15%** |
| AerCap Holdings NV(Ireland)\*<sup>(a)</sup> | 10860 |  | 686461 |
| **Wireless Telecommunication Services 2.93%** | **Wireless Telecommunication Services 2.93%** | **Wireless Telecommunication Services 2.93%** | **Wireless Telecommunication Services 2.93%** |
| T-Mobile US, Inc.\* | 4280 |  | 639047 |
| *Total Common Stocks <br> (cost $19,717,847)* |  |  | 21532842 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal** | **Principal** | |
| <br>**Investments** | **Amount** | **Amount** | **Fair**<br>**Value** |
| **SHORT-TERM INVESTMENTS 0.79%** |  |  |  |
| **Repurchase Agreements 0.79%** |  |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $186,400 of U.S. Treasury Note at 0.750% due 11/15/2024; value: $175,091; proceeds: $171,615 <br> (cost $171,606) | $| 171606 | $171606 |
| *Total Investments in Securities 99.53% <br> (cost $19,889,453)* | *Total Investments in Securities 99.53% <br> (cost $19,889,453)* | *Total Investments in Securities 99.53% <br> (cost $19,889,453)* | 21704448 |
| *Other Assets and Liabilities – Net 0.47%* | *Other Assets and Liabilities – Net 0.47%* | *Other Assets and Liabilities – Net 0.47%* | 102099 |
| *Net Assets 100.00%* |  |  | $21806547 |

---

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

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $21532842 | $– | $– | $21532842 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 171606 | – | 171606 |
| Total | $21532842 | $171606 | $– | $21704448 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 5

**Schedule of Investments (unaudited)**

FOCUSED SMALL CAP VALUE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 97.74%** |  |  |
| **COMMON STOCKS 97.74%** |  |  |
| **Auto Components 2.15%** |  |  |
| Dorman Products, Inc.\* | 29856 | $2897823 |
| **Banks 12.73%** |  |  |
| Bancorp, Inc. (The)\* | 102600 | 3481218 |
| First BanCorp | 222396 | 2991226 |
| Heritage Financial Corp. | 82300 | 2348019 |
| Prosperity Bancshares, Inc. | 35075 | 2660790 |
| SouthState Corp. | 30229 | 2406228 |
| Wintrust Financial Corp. | 35429 | 3240691 |
| *Total* |  | 17128172 |
| **Building Products 3.30%** |  |  |
| Masonite International Corp.\* | 48644 | 4437306 |
| **Capital Markets 5.85%** |  |  |
| Bridge Investment Group Holdings, Inc. Class A | 214978 | 3201022 |
| CI Financial Corp.<sup>(a)</sup> | 192000 | 2290061 |
| Moelis & Co. Class A | 50908 | 2379949 |
| *Total* |  | 7871032 |
| **Chemicals 1.80%** |  |  |
| Element Solutions, Inc. | 118210 | 2420941 |
| **Commercial Banks 1.47%** |  |  |
| WSFS Financial Corp. | 40874 | 1974623 |
| **Commercial Services & Supplies 3.47%** |  |  |
| SP Plus Corp.\* | 123718 | 4665406 |
| **Construction & Engineering 2.45%** |  |  |
| EMCOR Group, Inc. | 22214 | 3293225 |
| **Construction Materials 2.71%** |  |  |
| Eagle Materials, Inc. | 24988 | 3650247 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Containers & Packaging 1.76%** |  |  |  |
| Pactiv Evergreen, Inc. | 205958 | $| 2370577 |
| **Electrical Equipment 1.28%** |  |  |  |
| Brady Corp. Class A | 32191 |  | 1721253 |
| **Electronic Equipment, Instruments & Components 2.47%** | **Electronic Equipment, Instruments & Components 2.47%** | **Electronic Equipment, Instruments & Components 2.47%** | **Electronic Equipment, Instruments & Components 2.47%** |
| Belden, Inc. | 41021 |  | 3326393 |
| **Energy Equipment & Services 3.09%** |  |  |  |
| NOV, Inc. | 56564 |  | 1382424 |
| TechnipFMC plc (United Kingdom)\*<sup>(b)</sup> | 200019 |  | 2778264 |
| *Total* |  |  | 4160688 |
| **Entertainment 1.96%** |  |  |  |
| Marcus Corp. (The) | 174160 |  | 2636782 |
| **Equity Real Estate Investment Trusts 2.09%** |  |  |  |
| Physicians Realty Trust | 176999 |  | 2807204 |
| **Health Care Providers & Services 2.68%** |  |  |  |
| Tenet Healthcare Corp.\* | 65782 |  | 3608143 |
| **Hotels, Restaurants & Leisure 1.81%** |  |  |  |
| Dave & Buster's Entertainment, Inc.\* | 56300 |  | 2440605 |
| **Household Products 4.75%** |  |  |  |
| Reynolds Consumer Products, Inc. | 102207 |  | 3042703 |
| Spectrum Brands Holdings, Inc. | 49372 |  | 3351371 |
| *Total* |  |  | 6394074 |
| **Information Technology Services 6.47%** |  |  |  |
| Euronet Worldwide, Inc.\* | 25016 |  | 2818803 |
| International Money Express, Inc.\* | 182477 |  | 4153176 |
| WNS Holdings Ltd. ADR \* | 20422 |  | 1730356 |
| *Total* |  |  | 8702335 |

---

6 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

FOCUSED SMALL CAP VALUE FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Insurance 7.45%** |  |  |  |
| Kemper Corp. | 76873 | $| 4514751 |
| RenaissanceRe Holdings Ltd. | 17152 |  | 3356475 |
| Stewart Information Services Corp. | 45094 |  | 2154140 |
| *Total* |  |  | 10025366 |
| **Interactive Media & Services 3.12%** |  |  |  |
| Cars.com, Inc.\* | 245157 |  | 4192185 |
| **Internet Software & Services 1.20%** |  |  |  |
| Perficient, Inc.\* | 21861 |  | 1620774 |
| **Machinery 2.51%** |  |  |  |
| Columbus McKinnon Corp. | 93866 |  | 3374483 |
| **Oil, Gas & Consumable Fuels 3.56%** |  |  |  |
| Chesapeake Energy Corp. | 24408 |  | 2116662 |
| MEG Energy Corp.\*<sup>(a)</sup> | 162200 |  | 2680679 |
| *Total* |  |  | 4797341 |
| **Pharmaceuticals 3.45%** |  |  |  |
| Organon & Co. | 154017 |  | 4640532 |
| **Professional Services 1.21%** |  |  |  |
| TrueBlue, Inc.\* | 83300 |  | 1635179 |
| **Real Estate Management & Development 2.19%** | **Real Estate Management & Development 2.19%** |  |  |
| Marcus & Millichap, Inc. | 81491 |  | 2953234 |
| **Semiconductors & Semiconductor Equipment 2.49%** | **Semiconductors & Semiconductor Equipment 2.49%** | **Semiconductors & Semiconductor Equipment 2.49%** | **Semiconductors & Semiconductor Equipment 2.49%** |
| FormFactor, Inc.\* | 118969 |  | 3347788 |
| **Software 0.59%** |  |  |  |
| CommVault Systems, Inc.\* | 12666 |  | 788205 |
| **Specialty Retail 1.42%** |  |  |  |
| Boot Barn Holdings, Inc.\* | 22929 |  | 1914342 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Textiles, Apparel & Luxury Goods 1.01%** |  |  |
| Deckers Outdoor Corp.\* | 3176 | $1357676 |
| **Trading Companies & Distributors 3.25%** |  |  |
| MRC Global, Inc.\* | 321705 | 4375188 |
| *Total Common Stocks*<br> (cost $119,265,292) |  | 131529122 |
|  | **Principal<br> Amount** |  |
| **SHORT-TERM INVESTMENTS 2.97%** |  |  |
| **Repurchase Agreements 2.97%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $4,033,200 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $4,072,148; proceeds: $3,992,486 <br> (cost $3,992,259) | $3992259 | 3992259 |
| *Total Investments in Securities 100.71%* <br> (cost $123,257,551) |  | 135521381 |
| *Other Assets and Liabilities – Net (0.71)%* |  | (951474) |
| *Net Assets 100.00%* |  | $134569907 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Investment in non-U.S. dollar denominated securities. |
| <sup>(b)</sup> | Foreign security traded in U.S. dollars. |

---

*See Notes to Schedule of Investments.* 7

**Schedule of Investments (unaudited)(concluded)**

FOCUSED SMALL CAP VALUE FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $131529122 | $– | $– | $131529122 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 3992259 | – | 3992259 |
| Total | $131529122 | $3992259 | $– | $135521381 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

8 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)**

FUNDAMENTAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 98.62%** |  |  |
| **COMMON STOCKS 98.62%** |  |  |
| **Aerospace & Defense 4.23%** |  |  |
| Lockheed Martin Corp. | 71160 | $32965582 |
| Raytheon Technologies Corp. | 522540 | 52175619 |
| *Total* |  | 85141201 |
| **Air Freight & Logistics 1.05%** |  |  |
| Expeditors International of Washington, Inc. | 194790 | 21066539 |
| **Automobiles 1.71%** |  |  |
| General Motors Co. | 873560 | 34348379 |
| **Banks 6.39%** |  |  |
| East West Bancorp, Inc. | 361120 | 28355142 |
| JPMorgan Chase & Co. | 427540 | 59838499 |
| Wells Fargo & Co. | 864130 | 40501773 |
| *Total* |  | 128695414 |
| **Beverages 1.54%** |  |  |
| Carlsberg A/S Class B<sup>(a)</sup> | 218150 | 30968926 |
| **Biotechnology 1.93%** |  |  |
| AbbVie, Inc. | 262970 | 38853818 |
| **Building Products 1.56%** |  |  |
| Masco Corp. | 590040 | 31390128 |
| **Capital Markets 7.03%** |  |  |
| Ameriprise Financial, Inc. | 128930 | 45140971 |
| Charles Schwab Corp. (The) | 425230 | 32921307 |
| KKR & Co., Inc. | 503570 | 28104242 |
| Morgan Stanley | 364070 | 35434933 |
| *Total* |  | 141601453 |
| **Chemicals 2.48%** |  |  |
| Dow, Inc. | 280270 | 16634024 |
| Valvoline, Inc. | 908345 | 33299928 |
| *Total* |  | 49933952 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Investments** | <br>**Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Construction & Engineering 2.59%** |  |  |  |
| EMCOR Group, Inc. | 227720 | $| 33759490 |
| Jacobs Solutions, Inc. | 148740 |  | 18376827 |
| *Total* |  |  | 52136317 |
| **Consumer Finance 1.57%** |  |  |  |
| American Express Co. | 180240 |  | 31529383 |
| **Containers & Packaging 1.10%** |  |  |  |
| Avery Dennison Corp. | 116530 |  | 22075443 |
| **Electric: Utilities 2.18%** |  |  |  |
| FirstEnergy Corp. | 463580 |  | 18983601 |
| NextEra Energy, Inc. | 334210 |  | 24942092 |
| *Total* |  |  | 43925693 |
| **Electronic Equipment, Instruments & Components 1.21%** | **Electronic Equipment, Instruments & Components 1.21%** | **Electronic Equipment, Instruments & Components 1.21%** | **Electronic Equipment, Instruments & Components 1.21%** |
| Teledyne Technologies, Inc.\* | 57690 |  | 24475559 |
| **Energy Equipment & Services 2.49%** |  |  |  |
| Schlumberger Ltd. | 880791 |  | 50187471 |
| **Equity Real Estate Investment Trusts 2.52%** |  |  |  |
| American Homes 4 Rent Class A | 628150 |  | 21539263 |
| Prologis, Inc. | 226370 |  | 29265114 |
| *Total* |  |  | 50804377 |
| **Food & Staples Retailing 1.83%** |  |  |  |
| BJ's Wholesale Club Holdings, Inc.\* | 508550 |  | 36854619 |
| **Health Care Providers & Services 5.53%** |  |  |  |
| CVS Health Corp. | 326590 |  | 28811770 |
| McKesson Corp. | 84320 |  | 31930298 |
| UnitedHealth Group, Inc. | 101300 |  | 50567947 |
| *Total* |  |  | 111310015 |
| **Hotels, Restaurants & Leisure 1.48%** |  |  |  |
| Caesars Entertainment, Inc.\* | 574570 |  | 29912114 |

---

*See Notes to Schedule of Investments.* 9

**Schedule of Investments (unaudited)(continued)**

FUNDAMENTAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Household Products 0.91%** |  |  |
| Procter & Gamble Co. (The) | 129290 | $18408310 |
| **Information Technology Services 3.24%** |  |  |
| Fiserv, Inc.\* | 317660 | 33887969 |
| PayPal Holdings, Inc.\* | 384280 | 31314977 |
| *Total* |  | 65202946 |
| **Insurance 6.51%** |  |  |
| Allstate Corp. (The) | 307100 | 39453137 |
| Arch Capital Group Ltd.\* | 426260 | 27429831 |
| Arthur J Gallagher & Co. | 162938 | 31890226 |
| RenaissanceRe Holdings Ltd. | 165370 | 32361255 |
| *Total* |  | 131134449 |
| **Interactive Media & Services 1.98%** |  |  |
| Alphabet, Inc. Class A\* | 403300 | 39862172 |
| **Life Sciences Tools & Services 1.47%** |  |  |
| Thermo Fisher Scientific, Inc. | 51910 | 29605830 |
| **Machinery 2.02%** |  |  |
| Parker-Hannifin Corp. | 124780 | 40678280 |
| **Media 1.53%** |  |  |
| Comcast Corp. Class A | 780920 | 30729202 |
| **Metals & Mining 1.55%** |  |  |
| Alcoa Corp. | 256150 | 13381276 |
| Reliance Steel & Aluminum Co. | 78260 | 17800237 |
| *Total* |  | 31181513 |
| **Multi-Line Retail 1.65%** |  |  |
| Target Corp. | 192960 | 33216134 |
| **Oil, Gas & Consumable Fuels 6.15%** |  |  |
| Chesapeake Energy Corp. | 449379 | 38970147 |
| Pioneer Natural Resources Co. | 168960 | 38919936 |
| Shell plc ADR | 782040 | 45991772 |
| *Total* |  | 123881855 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Pharmaceuticals 5.63%** |  |  |  |
| Eli Lilly & Co. | 59280 | $| 20401212 |
| Organon & Co. | 1445393 |  | 43549691 |
| Pfizer, Inc. | 1116930 |  | 49323629 |
| *Total* |  |  | 113274532 |
| **Road & Rail 1.52%** |  |  |  |
| Norfolk Southern Corp. | 124190 |  | 30527144 |
| **Semiconductors & Semiconductor Equipment 3.53%** | **Semiconductors & Semiconductor Equipment 3.53%** | **Semiconductors & Semiconductor Equipment 3.53%** | **Semiconductors & Semiconductor Equipment 3.53%** |
| KLA Corp. | 50670 |  | 19886962 |
| Micron Technology, Inc. | 386390 |  | 23299317 |
| Texas Instruments, Inc. | 157910 |  | 27983231 |
| *Total* |  |  | 71169510 |
| **Software 3.33%** |  |  |  |
| Adobe, Inc.\* | 89500 |  | 33145430 |
| Microsoft Corp. | 136590 |  | 33848368 |
| *Total* |  |  | 66993798 |
| **Specialty Retail 2.36%** |  |  |  |
| AutoZone, Inc.\* | 8770 |  | 21388715 |
| Lowe's Cos., Inc. | 125140 |  | 26060405 |
| *Total* |  |  | 47449120 |
| **Technology Hardware, Storage & Peripherals 1.49%** | **Technology Hardware, Storage & Peripherals 1.49%** | **Technology Hardware, Storage & Peripherals 1.49%** | **Technology Hardware, Storage & Peripherals 1.49%** |
| NetApp, Inc. | 451860 |  | 29926688 |
| **Trading Companies & Distributors 1.74%** |  |  |  |
| AerCap Holdings NV (Ireland)\*<sup>(b)</sup> | 555310 |  | 35101145 |
| **Wireless Telecommunication Services 1.59%** | **Wireless Telecommunication Services 1.59%** |  |  |
| T-Mobile US, Inc.\* | 215120 |  | 32119567 |
| *Total Common Stocks*<br> (cost $1,619,573,909) |  |  | 1985672996 |

---

10 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

FUNDAMENTAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **Fair<br> Value** |
| **SHORT-TERM INVESTMENTS 1.41%** |  |  |
| **Repurchase Agreements 1.41%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $28,636,900 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $28,913,442; proceeds: $28,348,098 <br> (cost $28,346,483) | $28346483 | $28346483 |
| *Total Investments in Securities 100.03%*<br> (cost $1,647,920,392) |  | 2014019479 |
| *Other Assets and Liabilities – Net (0.03)%* |  | (572637) |
| *Net Assets 100.00%* |  | $2013446842 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Investment in non-U.S. dollar denominated securities. |
| <sup>(b)</sup> | Foreign security traded in U.S. dollars. |

---

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beverages | $– | $30968926 | $– | $30968926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Industries | 1954704070 |  |  | 1954704070 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 28346483 | – | 28346483 |
| Total | $1954704070 | $59315409 | $– | $2014019479 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuer and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 11

**Schedule of Investments (unaudited)**

GLOBAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **LONG-TERM INVESTMENTS 96.79%** |  |  |
| **COMMON STOCKS 96.79%** |  |  |
| **Australia 2.80%** |  |  |
| *Equity Real Estate Investment Trusts 1.43%* | *Equity Real Estate Investment Trusts 1.43%* | *Equity Real Estate Investment Trusts 1.43%* |
| Charter Hall Group | 22674 | $223261 |
| *Metals & Mining 1.37%* |  |  |
| BHP Group Ltd. | 6117 | 214231 |
| *Total Australia* |  | 437492 |
| **Austria 2.01%** |  |  |
| *Banks* |  |  |
| BAWAG Group AG<sup>†</sup>\* | 5063 | 313627 |
| **Brazil 1.53%** |  |  |
| *Internet & Direct Marketing Retail* |  |  |
| MercadoLibre, Inc.\* | 202 | 238701 |
| **Canada 2.99%** |  |  |
| *Banks 1.38%* |  |  |
| Royal Bank of Canada | 2095 | 214389 |
| *Food & Staples Retailing 1.61%* |  |  |
| Alimentation Couche-Tard, Inc. | 5510 | 251616 |
| *Total Canada* |  | 466005 |
| **China 5.19%** |  |  |
| *Beverages 0.68%* |  |  |
| Kweichow Moutai Co. Ltd. Class A | 387 | 106104 |
| *Gas Utilities 0.59%* |  |  |
| ENN Energy Holdings Ltd. | 6067 | 91410 |
| *Interactive Media & Services 1.31%* |  |  |
| Tencent Holdings Ltd. | 4199 | 204612 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **China (continued)** |  |  |
| *Internet & Direct Marketing Retail 2.61%* | *Internet & Direct Marketing Retail 2.61%* |  |
| Alibaba Group Holding Ltd.\* | 16268 | $223663 |
| JD.com, Inc. Class A | 3700 | 109866 |
| Meituan Class B<sup>†</sup>\* | 346 | 7735 |
| Pinduoduo, Inc. ADR\* | 682 | 66822 |
|  |  | 408086 |
| *Total China* |  | 810212 |
| **Denmark 2.36%** |  |  |
| *Biotechnology 1.17%* |  |  |
| Genmab A/S\* | 465 | 182232 |
| *Pharmaceuticals 1.19%* |  |  |
| Novo Nordisk A/S Class B | 1347 | 186411 |
| *Total Denmark* |  | 368643 |
| **France 5.16%** |  |  |
| *Beverages 1.01%* |  |  |
| Pernod Ricard SA | 762 | 157757 |
| *Life Sciences Tools & Services 0.63%* |  |  |
| Sartorius Stedim Biotech | 282 | 98370 |
| *Personal Products 0.77%* |  |  |
| L'Oreal SA | 292 | 120570 |
| *Professional Services 0.53%* |  |  |
| Teleperformance | 295 | 82006 |
| *Textiles, Apparel & Luxury Goods 2.22%* | *Textiles, Apparel & Luxury Goods 2.22%* |  |
| LVMH Moet Hennessy Louis Vuitton SE | 396 | 345698 |
| *Total France* |  | 804401 |
| **Germany 1.13%** |  |  |
| *Semiconductors & Semiconductor Equipment* | *Semiconductors & Semiconductor Equipment* |  |
| Infineon Technologies AG | 4885 | 175911 |

---

12 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

GLOBAL EQUITY FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** | **U.S. $ Fair Value** |
| **Hong Kong 0.75%** |  |  |  |
| *Insurance* |  |  |  |
| AIA Group Ltd. | 10282 | $| 116265 |
| **Japan 3.93%** |  |  |  |
| *Electrical Equipment 0.43%* |  |  |  |
| Fuji Electric Co. Ltd. | 1673 |  | 67720 |
| *Electronic Equipment, Instruments & Components 0.66%* | *Electronic Equipment, Instruments & Components 0.66%* |  |  |
| Keyence Corp. | 224 |  | 103122 |
| *Household Durables 0.72%* |  |  |  |
| Sony Group Corp. | 1251 |  | 111779 |
| *Machinery 0.99%* |  |  |  |
| Fujitec Co. Ltd. | 6238 |  | 154560 |
| *Professional Services 1.13%* |  |  |  |
| TechnoPro Holdings, Inc. | 5643 |  | 175696 |
| *Total Japan* |  |  | 612877 |
| **Mexico 1.83%** |  |  |  |
| *Banks* |  |  |  |
| Grupo Financiero Banorte |  |  |  |
| SAB de CV Class O | 34375 |  | 285124 |
| **Netherlands 3.69%** |  |  |  |
| *Oil, Gas & Consumable Fuels 3.01%* |  |  |  |
| Shell plc | 15998 |  | 469665 |
| *Semiconductors & Semiconductor Equipment 0.68%* | *Semiconductors & Semiconductor Equipment 0.68%* | *Semiconductors & Semiconductor Equipment 0.68%* | *Semiconductors & Semiconductor Equipment 0.68%* |
| ASML Holding NV | 160 |  | 105864 |
| Total Netherlands |  |  | 575529 |
| **Peru 0.92%** |  |  |  |
| *Banks* |  |  |  |
| Intercorp Financial Services, Inc. | 5980 |  | 143460 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **South Korea 1.10%** |  |  |
| *Technology Hardware, Storage & Peripherals* | *Technology Hardware, Storage & Peripherals* | *Technology Hardware, Storage & Peripherals* |
| Samsung Electronics Co. Ltd. | 3452 | $171945 |
| **Spain 1.83%** |  |  |
| *Electric: Utilities* |  |  |
| Iberdrola SA | 23972 | 281234 |
| Iberdrola SA\* | 400 | 4667 |
|  |  | 285901 |
| **Sweden 0.27%** |  |  |
| *Electronic Equipment, Instruments & Components* | *Electronic Equipment, Instruments & Components* | *Electronic Equipment, Instruments & Components* |
| Hexagon AB Class B | 3692 | 42323 |
| **Taiwan 1.22%** |  |  |
| *Semiconductors & Semiconductor Equipment* | *Semiconductors & Semiconductor Equipment* | *Semiconductors & Semiconductor Equipment* |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 10812 | 190797 |
| **United Kingdom 5.66%** |  |  |
| *Capital Markets 0.56%* |  |  |
| London Stock Exchange Group plc | 956 | 87517 |
| *Household Durables 0.25%* |  |  |
| Persimmon plc | 2222 | 38808 |
| *Multi-Line Retail 0.95%* |  |  |
| Next plc | 1803 | 147619 |
| *Personal Products 1.82%* |  |  |
| Unilever plc | 5585 | 284271 |
| *Tobacco 0.98%* |  |  |
| Imperial Brands plc | 6094 | 152875 |
| *Trading Companies & Distributors 1.10%* |  |  |
| Ashtead Group plc | 2618 | 172445 |
| *Total United Kingdom* |  | 883535 |

---

*See Notes to Schedule of Investments.* 13

**Schedule of Investments (unaudited)(continued)**

GLOBAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United States 52.42%** |  |  |
| *Aerospace & Defense 1.23%* |  |  |
| Northrop Grumman Corp. | 219 | $98121 |
| TransDigm Group, Inc. | 130 | 93307 |
|  |  | 191428 |
| *Air Freight & Logistics 0.49%* |  |  |
| Expeditors International of Washington, Inc. | 708 | 76570 |
| *Automobiles 0.71%* |  |  |
| General Motors Co. | 2833 | 111394 |
| *Banks 1.56%* |  |  |
| JPMorgan Chase & Co. | 1742 | 243810 |
| *Biotechnology 1.93%* |  |  |
| Vertex Pharmaceuticals, Inc.\* | 934 | 301775 |
| *Capital Markets 5.68%* |  |  |
| Ameriprise Financial, Inc. | 925 | 323861 |
| Cboe Global Markets, Inc. | 2170 | 266649 |
| Evercore, Inc. Class A | 733 | 95151 |
| Morgan Stanley | 2066 | 201084 |
|  |  | 886745 |
| *Containers & Packaging 1.23%* |  |  |
| Avery Dennison Corp. | 1013 | 191903 |
| *Electric: Utilities 1.03%* |  |  |
| NextEra Energy, Inc. | 2155 | 160828 |
| *Electrical Equipment 0.86%* |  |  |
| AMETEK, Inc. | 930 | 134776 |
| *Entertainment 0.62%* |  |  |
| Live Nation Entertainment, Inc.\* | 678 | 54572 |
| Netflix, Inc.\* | 118 | 41756 |
|  |  | 96328 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United States (continued)** |  |  |
| *Equity Real Estate Investment Trusts 0.91%* | *Equity Real Estate Investment Trusts 0.91%* |  |
| Prologis, Inc. | 1094 | $141432 |
| *Food & Staples Retailing 0.41%* |  |  |
| BJ's Wholesale Club Holdings, Inc.\* | 888 | 64353 |
| *Health Care Equipment & Supplies 1.53%* |  |  |
| DexCom, Inc.\* | 1301 | 139324 |
| Intuitive Surgical, Inc.\* | 404 | 99259 |
|  |  | 238583 |
| *Health Care Providers & Services 3.01%* |  |  |
| UnitedHealth Group, Inc. | 941 | 469738 |
| *Information Technology Services 3.67%* |  |  |
| Accenture plc Class A | 646 | 180266 |
| EPAM Systems, Inc.\* | 313 | 104119 |
| Visa, Inc. Class A | 1251 | 287993 |
|  |  | 572378 |
| *Insurance 1.25%* |  |  |
| Allstate Corp. (The) | 950 | 122047 |
| American Financial Group, Inc./OH | 509 | 72578 |
|  |  | 194625 |
| *Interactive Media & Services 2.64%* |  |  |
| Alphabet, Inc. Class A\* | 4165 | 411669 |
| *Internet & Direct Marketing Retail 1.65%* |  |  |
| Amazon.com, Inc.\* | 2499 | 257722 |
| *Life Sciences Tools & Services 1.23%* |  |  |
| Thermo Fisher Scientific, Inc. | 336 | 191631 |
| *Machinery 2.00%* |  |  |
| Crane Holdings Co. | 2029 | 235181 |
| Parker-Hannifin Corp. | 234 | 76284 |
|  |  | 311465 |

---

14 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

GLOBAL EQUITY FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** | **U.S. $ Fair Value** |
| **United States (continued)** |  |  |  |
| *Oil, Gas & Consumable Fuels 3.37%* |  |  |  |
| Cheniere Energy, Inc. | 577 | $| 88160 |
| Chesapeake Energy Corp. | 983 |  | 85246 |
| Marathon Petroleum Corp. | 2741 |  | 352273 |
|  |  |  | 525679 |
| *Pharmaceuticals 2.28%* |  |  |  |
| Eli Lilly & Co. | 388 |  | 133530 |
| Organon & Co. | 7358 |  | 221697 |
|  |  |  | 355227 |
| *Road & Rail 1.11%* |  |  |  |
| Norfolk Southern Corp. | 705 |  | 173296 |
| *Semiconductors & Semiconductor Equipment 0.57%* | *Semiconductors & Semiconductor Equipment 0.57%* | *Semiconductors & Semiconductor Equipment 0.57%* | *Semiconductors & Semiconductor Equipment 0.57%* |
| KLA Corp. | 163 |  | 63974 |
| NVIDIA Corp. | 129 |  | 25203 |
|  |  |  | 89177 |
| *Software 6.03%* |  |  |  |
| Adobe, Inc.\* | 352 |  | 130360 |
| Cadence Design Systems, Inc.\* | 862 |  | 157599 |
| Microsoft Corp. | 2092 |  | 518419 |
| PowerSchool Holdings, Inc. Class A\* | 5935 |  | 133656 |
|  |  |  | 940034 |
| *Specialty Retail 1.84%* |  |  |  |
| Academy Sports & Outdoors, Inc. | 2331 |  | 136177 |
| Lowe's Cos., Inc. | 722 |  | 150356 |
|  |  |  | 286533 |
| *Technology Hardware, Storage & Peripherals 2.98%* | *Technology Hardware, Storage & Peripherals 2.98%* | *Technology Hardware, Storage & Peripherals 2.98%* | *Technology Hardware, Storage & Peripherals 2.98%* |
| Apple, Inc. | 3225 |  | 465335 |
| *Textiles, Apparel & Luxury Goods 0.60%* | *Textiles, Apparel & Luxury Goods 0.60%* |  |  |
| NIKE, Inc. Class B | 730 |  | 92951 |
| *Total United States* |  |  | 8177385 |
| *Total Common Stocks* <br> (cost $14,011,020) |  |  | 15100133 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **Principal<br> Amount** | **U.S. $ Fair Value** |
| **SHORT-TERM INVESTMENTS 2.78%** |  |  |  |
| **Repurchase Agreements 2.78%** |  |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $456,800 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $442,374; proceeds: $433,660 <br> (cost $433,636) | $| 433636 | $433636 |
| *Total Investments in Securities 99.57%*<br> (cost $14,444,656) | *Total Investments in Securities 99.57%*<br> (cost $14,444,656) | *Total Investments in Securities 99.57%*<br> (cost $14,444,656) | 15533769 |
| *Other Assets and Liabilities – Net 0.43%* | *Other Assets and Liabilities – Net 0.43%* | *Other Assets and Liabilities – Net 0.43%* | 67071 |
| *Net Assets 100.00%* |  |  | $15600840 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| <sup>†</sup> | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $321,362, which represents 2.06% of net assets. |
| \* | Non-income producing security. |

---

*See Notes to Schedule of Investments.* 15

**Schedule of Investments (unaudited)(concluded)**

GLOBAL EQUITY FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | $– | $437492 | $– | $437492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria |  | 313627 |  | 313627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | 66822 | 743390 |  | 810212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark |  | 368643 |  | 368643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France |  | 804401 |  | 804401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany |  | 175911 |  | 175911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong |  | 116265 |  | 116265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan |  | 612877 |  | 612877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands |  | 575529 |  | 575529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea |  | 171945 |  | 171945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain |  | 285901 |  | 285901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden |  | 42323 |  | 42323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan |  | 190797 |  | 190797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom |  | 883535 |  | 883535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Countries | 9310675 |  |  | 9310675 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 433636 | – | 433636 |
| Total | $9377497 | $6156272 | $– | $15533769 |

---

---

| | |
|:---|:---|
| |  |
| <sup>(1)</sup> | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
| <sup>(2)</sup> | See Schedule of Investments for fair values in each industry and identification of foreign issuer and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |

---

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

16 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)**

GROWTH LEADERS FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 98.12%** | **LONG-TERM INVESTMENTS 98.12%** | **LONG-TERM INVESTMENTS 98.12%** |
| **COMMON STOCKS 98.12%** |  |  |
| **Aerospace & Defense 2.75%** |  |  |
| Axon Enterprise, Inc.\* | 295840 | $57818970 |
| Raytheon Technologies Corp. | 847173 | 84590224 |
| *Total* |  | 142409194 |
| **Automobiles 1.08%** |  |  |
| Tesla, Inc.\* | 324149 | 56149090 |
| **Biotechnology 8.77%** |  |  |
| Alnylam Pharmaceuticals, Inc.\* | 297405 | 67332492 |
| Argenx SE ADR\* | 113399 | 43346768 |
| Biogen, Inc.\* | 230478 | 67046050 |
| Cytokinetics, Inc.\* | 1362113 | 57862560 |
| Karuna Therapeutics, Inc.\* | 233582 | 46573915 |
| Sarepta Therapeutics, Inc.\* | 440258 | 55019042 |
| Vertex Pharmaceuticals, Inc.\* | 362038 | 116974478 |
| *Total* |  | 454155305 |
| **Building Products 1.24%** |  |  |
| Johnson Controls |  |  |
| International plc | 922075 | 64148758 |
| **Capital Markets 1.81%** |  |  |
| MarketAxess Holdings, Inc. | 140657 | 51178050 |
| MSCI, Inc. | 80297 | 42682673 |
| *Total* |  | 93860723 |
| **Communications Equipment 1.96%** | **Communications Equipment 1.96%** | **Communications Equipment 1.96%** |
| Arista Networks, Inc.\* | 639398 | 80576936 |
| Calix, Inc.\* | 394937 | 20789484 |
| *Total* |  | 101366420 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Electrical Equipment 2.13%** |  |  |  |
| AMETEK, Inc. | 401468 | $| 58180743 |
| Rockwell Automation, Inc. | 184310 |  | 51980949 |
| *Total* |  |  | 110161692 |
| **Health Care Equipment & Supplies 5.05%** | **Health Care Equipment & Supplies 5.05%** | **Health Care Equipment & Supplies 5.05%** | **Health Care Equipment & Supplies 5.05%** |
| Axonics, Inc.\* | 621532 |  | 38162065 |
| DexCom, Inc.\* | 581475 |  | 62270158 |
| Inspire Medical Systems, Inc.\* | 156433 |  | 39586935 |
| Insulet Corp.\* | 272349 |  | 78251314 |
| Intuitive Surgical, Inc.\* | 99578 |  | 24465319 |
| TransMedics Group, Inc.\* | 300143 |  | 18915012 |
| *Total* |  |  | 261650803 |
| **Hotels, Restaurants & Leisure 5.76%** | **Hotels, Restaurants & Leisure 5.76%** | **Hotels, Restaurants & Leisure 5.76%** | **Hotels, Restaurants & Leisure 5.76%** |
| Booking Holdings, Inc.\* | 32054 |  | 78022641 |
| Chipotle Mexican Grill, Inc.\* | 52897 |  | 87088563 |
| Marriott International, Inc. Class A | 329626 |  | 57414257 |
| Starbucks Corp. | 696812 |  | 76050062 |
| *Total* |  |  | 298575523 |
| **Information Technology Services 12.14%** | **Information Technology Services 12.14%** | **Information Technology Services 12.14%** | **Information Technology Services 12.14%** |
| Block, Inc.\* | 845809 |  | 69119512 |
| Cloudflare, Inc. Class A\* | 664351 |  | 35150811 |
| Mastercard, Inc. Class A | 444065 |  | 164570489 |
| Shopify, Inc. Class A (Canada)\*<sup>(a)</sup> | 2308310 |  | 113730434 |
| Snowflake, Inc. Class A\* | 365860 |  | 57235138 |
| Toast, Inc. Class A\* | 3184199 |  | 71039480 |
| Visa, Inc. Class A | 513539 |  | 118221813 |
| *Total* |  |  | 629067677 |
| **Interactive Media & Services 3.15%** | **Interactive Media & Services 3.15%** | **Interactive Media & Services 3.15%** | **Interactive Media & Services 3.15%** |
| Alphabet, Inc. Class A\* | 1652794 |  | 163362159 |
| **Internet & Catalog Retail 0.92%** |  |  |  |
| Alibaba Group Holding Ltd. ADR\* | 430882 |  | 47483196 |

---

*See Notes to Schedule of Investments.* 17

**Schedule of Investments (unaudited)(continued)**

GROWTH LEADERS FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Internet & Direct Marketing Retail 7.87%** | **Internet & Direct Marketing Retail 7.87%** | **Internet & Direct Marketing Retail 7.87%** |
| Amazon.com, Inc.\* | 428065 | $44146344 |
| Etsy, Inc.\* | 356035 | 48983295 |
| JD.com, Inc. ADR | 734130 | 43702759 |
| MercadoLibre, Inc. (Uruguay)\*<sup>(a)</sup> | 82049 | 96956483 |
| Netflix, Inc.\* | 298497 | 105626148 |
| Pinduoduo, Inc. ADR\* | 697859 | 68376225 |
| *Total* |  | 407791254 |
| **Life Sciences Tools & Services 1.45%** | **Life Sciences Tools & Services 1.45%** | **Life Sciences Tools & Services 1.45%** |
| Mettler-Toledo International, Inc.\* | 32593 | 49962462 |
| Repligen Corp.\* | 134561 | 24934153 |
| *Total* |  | 74896615 |
| **Machinery 4.33%** |  |  |
| Caterpillar, Inc. | 196444 | 49560857 |
| Deere & Co. | 246683 | 104307439 |
| Parker-Hannifin Corp. | 215893 | 70381118 |
| *Total* |  | 224249414 |
| **Pharmaceuticals 1.98%** |  |  |
| Eli Lilly & Co. | 149282 | 51375400 |
| Novo Nordisk A/S ADR | 367249 | 50966816 |
| *Total* |  | 102342216 |
| **Professional Services 1.38%** |  |  |
| CoStar Group, Inc.\* | 914783 | 71261596 |
| **Semiconductors & Semiconductor Equipment 11.18%** | **Semiconductors & Semiconductor Equipment 11.18%** |  |
| Advanced Micro Devices, Inc.\* | 750480 | 56398572 |
| Applied Materials, Inc. | 454713 | 50695952 |
| First Solar, Inc.\* | 322745 | 57319512 |
| KLA Corp. | 184451 | 72393328 |
| Lattice Semiconductor Corp.\* | 1127163 | 85427684 |
| Monolithic Power Systems, Inc. | 135612 | 57846655 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| NVIDIA Corp. | 733402 | $| 143284749 |
| ON Semiconductor Corp.\* | 761298 |  | 55917338 |
| *Total* |  |  | 579283790 |
| **Software 10.78%** |  |  |  |
| Bill.com Holdings, Inc.\* | 350269 |  | 40498102 |
| Cadence Design Systems, Inc.\* | 321846 |  | 58843104 |
| Clear Secure, Inc. Class A | 2528082 |  | 79356494 |
| HubSpot, Inc.\* | 72584 |  | 25187374 |
| Intuit, Inc. | 70260 |  | 29696794 |
| Microsoft Corp. | 742825 |  | 184079463 |
| Paylocity Holding Corp.\* | 130838 |  | 27252247 |
| ServiceNow, Inc.\* | 168284 |  | 76591097 |
| Trade Desk, Inc. (The) Class A\* | 730003 |  | 37011152 |
| *Total* |  |  | 558515827 |
| **Specialty Retail 1.24%** |  |  |  |
| Ulta Beauty, Inc.\* | 125450 |  | 64476282 |
| **Technology Hardware, Storage & Peripherals 6.30%** | **Technology Hardware, Storage & Peripherals 6.30%** | **Technology Hardware, Storage & Peripherals 6.30%** | **Technology Hardware, Storage & Peripherals 6.30%** |
| Apple, Inc. | 2260602 |  | 326182262 |
| **Textiles, Apparel & Luxury Goods 4.85%** | **Textiles, Apparel & Luxury Goods 4.85%** | **Textiles, Apparel & Luxury Goods 4.85%** | **Textiles, Apparel & Luxury Goods 4.85%** |
| Crocs, Inc.\* | 605307 |  | 73708234 |
| Deckers Outdoor Corp.\* | 180936 |  | 77346521 |
| NIKE, Inc. Class B | 788097 |  | 100348391 |
| *Total* |  |  | 251403146 |
| *Total Common Stocks*<br> (cost $5,012,664,256) |  |  | 5082792942 |

---

18 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

GROWTH LEADERS FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **Fair<br> Value** |
| **SHORT-TERM INVESTMENTS 1.33%** |  |  |
| **Repurchase Agreements 1.33%** | **Repurchase Agreements 1.33%** | **Repurchase Agreements 1.33%** |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $75,061,600 of U.S. Treasury Note at 0.750% due 11/15/2024; value: $70,507,560; proceeds: $69,128,964<br> (cost $69,125,028) | $69125028 | $69125028 |
| *Total Investments in Securities 99.45%*<br> (cost $5,081,789,284) | *Total Investments in Securities 99.45%*<br> (cost $5,081,789,284) | 5151917970 |
| *Other Assets and Liabilities – Net 0.55%* |  | 28389470 |
| *Net Assets 100.00%* |  | $5180307440 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Foreign security traded in U.S. dollars. |

---

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $5082792942 | $– | $– | $5082792942 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 69125028 | – | 69125028 |
| Total | $5082792942 | $69125028 | $– | $5151917970 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 19

**Schedule of Investments (unaudited)**

HEALTH CARE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **LONG-TERM INVESTMENTS 96.99%** |  |  |
| **COMMON STOCKS 96.99%** |  |  |
| **Canada 2.60%** |  |  |
| Biotechnology |  |  |
| BELLUS Health, Inc.\* | 7372 | $57944 |
| Xenon Pharmaceuticals, Inc.\* | 3201 | 125127 |
|  |  | 183071 |
| **China 0.47%** |  |  |
| Life Sciences Tools & Services |  |  |
| Wuxi Biologics Cayman, Inc.<sup>†</sup>\* | 3975 | 33193 |
| **Denmark 5.58%** |  |  |
| Biotechnology 1.01% |  |  |
| Genmab A/S\* | 181 | 70933 |
| Pharmaceuticals 4.57% |  |  |
| Novo Nordisk A/S Class B | 2328 | 322172 |
| Total Denmark |  | 393105 |
| **France 0.51%** |  |  |
| Life Sciences Tools & Services |  |  |
| Sartorius Stedim Biotech | 103 | 35929 |
| **Germany 0.98%** |  |  |
| Pharmaceuticals |  |  |
| Merck KGaA | 332 | 69298 |
| **Japan 3.38%** |  |  |
| Pharmaceuticals |  |  |
| Daiichi Sankyo Co. Ltd. | 3727 | 117054 |
| Gap, Inc. | 1950 | 120646 |
|  |  | 237700 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Netherlands 2.17%** |  |  |
| *Biotechnology* |  |  |
| Argenx SE\* | 306 | $116551 |
| uniQure NV\* | 1700 | 36125 |
|  |  | 152676 |
| **Sweden 0.82%** |  |  |
| *Life Sciences Tools & Services* |  |  |
| Olink Holding AB ADR\*<sup>(a)</sup> | 2961 | 57976 |
| **Switzerland 2.76%** |  |  |
| *Health Care Equipment & Supplies 1.06%* |  |  |
| Alcon, Inc. | 996 | 74909 |
| *Life Sciences Tools & Services 1.70%* |  |  |
| Bachem Holding AG | 380 | 33605 |
| Lonza Group AG Registered Shares | 151 | 86137 |
|  |  | 119742 |
| *Total Switzerland* |  | 194651 |
| **United Kingdom 3.63%** |  |  |
| *Pharmaceuticals* |  |  |
| AstraZeneca plc | 1951 | 255605 |
| **United States 74.09%** |  |  |
| *Biotechnology 21.68%* |  |  |
| Alnylam Pharmaceuticals, Inc.\* | 307 | 69505 |
| Apellis Pharmaceuticals, Inc.\* | 1540 | 81204 |
| Arcellx, Inc.\* | 2554 | 85329 |
| BeiGene Ltd.\* | 1650 | 32432 |
| Biogen, Inc.\* | 366 | 106469 |
| Cerevel Therapeutics Holdings, Inc.\* | 1818 | 62085 |
| Cytokinetics, Inc.\* | 1970 | 83686 |
| Day One Biopharmaceuticals, Inc.\*<sup>(a)</sup> | 3163 | 68880 |
| Gilead Sciences, Inc. | 400 | 33576 |

---

20 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

HEALTH CARE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United States (continued)** |  |  |
| *Biotechnology (continued)* |  |  |
| Insmed, Inc.\* | 2540 | $54686 |
| Karuna Therapeutics, Inc.\* | 567 | 113054 |
| Krystal Biotech, Inc.\* | 1235 | 102653 |
| Legend Biotech Corp. ADR\* | 770 | 38885 |
| Madrigal Pharmaceuticals, Inc.\* | 86 | 24790 |
| Natera, Inc.\* | 1258 | 54006 |
| Neurocrine Biosciences, Inc.\* | 598 | 66336 |
| Regeneron Pharmaceuticals, Inc.\* | 134 | 101635 |
| Rocket Pharmaceuticals, Inc.\* | 2303 | 50044 |
| Sarepta Therapeutics, Inc.\* | 819 | 102350 |
| Vertex Pharmaceuticals, Inc.\* | 606 | 195799 |
|  |  | 1527404 |
| *Health Care Equipment & Supplies 18.81%* |  |  |
| Abbott Laboratories | 1015 | 112208 |
| Axonics, Inc.\* | 1031 | 63303 |
| Cooper Cos., Inc. (The) | 282 | 98398 |
| DexCom, Inc.\* | 1127 | 120690 |
| Glaukos Corp.\* | 900 | 44145 |
| IDEXX Laboratories, Inc.\* | 147 | 70634 |
| Inspire Medical Systems, Inc.\* | 361 | 91355 |
| Insulet Corp.\* | 372 | 106883 |
| Intuitive Surgical, Inc.\* | 575 | 141272 |
| iRhythm Technologies, Inc.\* | 365 | 35880 |
| Lantheus Holdings, Inc.\* | 960 | 55200 |
| Penumbra, Inc.\* | 209 | 52336 |
| PROCEPT BioRobotics Corp.\* | 1576 | 61291 |
| Shockwave Medical, Inc.\* | 183 | 34391 |
| Silk Road Medical, Inc.\* | 1076 | 58491 |
| Stryker Corp. | 315 | 79950 |
| TransMedics Group, Inc.\* | 1570 | 98941 |
|  |  | 1325368 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United States (continued)** |  |  |
| *Health Care Providers & Services 9.59%* |  |  |
| AmerisourceBergen Corp. | 645 | $108979 |
| Elevance Health, Inc. | 137 | 68499 |
| Humana, Inc. | 281 | 143788 |
| Molina Healthcare, Inc.\* | 209 | 65172 |
| R1 RCM, Inc.\* | 2686 | 38437 |
| UnitedHealth Group, Inc. | 502 | 250593 |
|  |  | 675468 |
| *Life Sciences Tools & Services 9.74%* |  |  |
| 10X Genomics, Inc. Class A\* | 813 | 38073 |
| Agilent Technologies, Inc. | 517 | 78625 |
| Danaher Corp. | 680 | 179779 |
| Mettler-Toledo International, Inc.\* | 34 | 52119 |
| Pacific Biosciences of California, Inc.\* | 6168 | 68403 |
| Repligen Corp.\* | 480 | 88944 |
| Thermo Fisher Scientific, Inc. | 144 | 82128 |
| Waters Corp.\* | 147 | 48301 |
| West Pharmaceutical Services, Inc. | 188 | 49933 |
|  |  | 686305 |
| *Pharmaceuticals 14.27%* |  |  |
| Eli Lilly & Co. | 806 | 277385 |
| Esperion Therapeutics, Inc.\* | 8000 | 50880 |
| Intra-Cellular Therapies, Inc.\* | 1572 | 75330 |
| Merck & Co., Inc. | 2923 | 313959 |
| Organon & Co. | 1221 | 36789 |
| Pliant Therapeutics, Inc.\* | 2829 | 99128 |
| Ventyx Biosciences, Inc.\* | 3615 | 151830 |
|  |  | 1005301 |
| *Total United States* |  | 5219846 |
| *Total Common Stocks* <br> (cost $5,958,920) |  | 6833050 |

---

*See Notes to Schedule of Investments.* 21

**Schedule of Investments (unaudited)(continued)**

HEALTH CARE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **U.S. $ Fair Value** |
| **SHORT-TERM INVESTMENTS 3.77%** |  |  |
| **Repurchase agreements 3.16%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $234,900 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $227,482; proceeds: $222,945 <br> (cost $222,932) | $222932 | $222932 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Money Market Funds 0.55%** |  |  |
| Fidelity Government Portfolio<sup>(b)</sup> <br> (cost $38,752) | 38752 | $38752 |
| **Time Deposits 0.06%** |  |  |
| CitiBank N.A.<sup>(b)</sup> <br> (cost $4,306) | 4306 | 4306 |
| *Total Short-Term Investments* <br> (cost $265,990) |  | 265990 |
| *Total Investments in Securities 100.76%*<br> (cost $6,224,910) |  | 7099040 |
| *Other Assets and Liabilities – Net (0.76)%* |  | (53654) |
| *Net Assets 100.00%* |  | $7045386 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| \* | Non-income producing security. |
| <sup>†</sup> | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $33,193, which represents 0.47% of net assets. |
| <sup>(a)</sup> | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. |
| <sup>(b)</sup> | Security was purchased with the cash collateral from loaned securities. |

---

22 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

HEALTH CARE FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | $– | $33193 | $– | $33193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark |  | 393105 |  | 393105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France |  | 35929 |  | 35929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany |  | 69298 |  | 69298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan |  | 237700 |  | 237700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 36125 | 116551 |  | 152676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | 74909 | 119742 |  | 194651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom |  | 255605 |  | 255605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 5187414 | 32432 |  | 5219846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Countries | 241047 |  |  | 241047 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements |  | 222932 |  | 222932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 38752 |  |  | 38752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | – | 4306 | – | 4306 |
| Total | $5578247 | $1520793 | $– | $7099040 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 23

**Schedule of Investments (unaudited)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **LONG-TERM INVESTMENTS 97.48%** |  |  |
| **COMMON STOCKS 97.48%** |  |  |
| **Australia 2.10%** |  |  |
| Metals & Mining |  |  |
| BHP Group Ltd. | 196312 | $6875265 |
| **Austria 1.62%** |  |  |
| Banks |  |  |
| BAWAG Group AG†\* | 49108 | 3041986 |
| Erste Group Bank AG | 59647 | 2263254 |
|  |  | 5305240 |
| **Belgium 0.53%** |  |  |
| Equity Real Estate Investment Trusts |  |  |
| Warehouses De Pauw CVA | 54350 | 1723541 |
| **Brazil 1.46%** |  |  |
| Insurance 0.87% |  |  |
| BB Seguridade Participacoes SA | 385100 | 2866079 |
| Internet & Direct Marketing Retail 0.59% |  |  |
| MercadoLibre, Inc.\* | 1624 | 1919065 |
| Total Brazil |  | 4785144 |
| **Canada 2.79%** |  |  |
| Information Technology Services 0.52% |  |  |
| Shopify, Inc. Class A\* | 34432 | 1696465 |
| Oil, Gas & Consumable Fuels 1.51% |  |  |
| Cenovus Energy, Inc. | 128500 | 2567006 |
| Pembina Pipeline Corp. | 67819 | 2406324 |
|  |  | 4973330 |
| Transportation Infrastructure 0.76% |  |  |
| Canadian Pacific Railway Ltd. | 31500 | 2486288 |
| Total Canada |  | 9156083 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **China 8.38%** |  |  |
| Automobiles 0.58% |  |  |
| BYD Co. Ltd. Class H | 60500 | $1915886 |
| Beverages 1.28% |  |  |
| China Resources Beer Holdings Co. Ltd. | 230000 | 1731504 |
| Kweichow Moutai Co. Ltd. Class A | 9000 | 2467529 |
|  |  | 4199033 |
| Building Products 0.49% |  |  |
| Xinyi Glass Holdings Ltd. | 761000 | 1620266 |
| Electrical Equipment 0.51% |  |  |
| Contemporary Amperex Technology Co. Ltd. Class A | 24100 | 1671710 |
| Hotels, Restaurants & Leisure 0.59% |  |  |
| Yum China Holdings, Inc. | 31650 | 1917609 |
| Insurance 0.83% |  |  |
| Ping An Insurance Group Co. of China Ltd. Class H | 350000 | 2718696 |
| Interactive Media & Services 1.29% |  |  |
| Tencent Holdings Ltd. | 87000 | 4239415 |
| Internet & Direct Marketing Retail 2.81% |  |  |
| Alibaba Group Holding Ltd.\* | 404600 | 5562708 |
| JD.com, Inc. Class A | 116526 | 3460047 |
| Meituan Class B<sup>†</sup>\* | 8770 | 196061 |
|  |  | 9218816 |
| Total China |  | 27501431 |
| **Denmark 3.84%** |  |  |
| Air Freight & Logistics 0.77% |  |  |
| DSV AS | 15247 | 2522312 |

---

24 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Denmark (continued)** |  |  |
| Biotechnology 0.65% |  |  |
| Genmab A/S\* | 5455 | $2137795 |
| Pharmaceuticals 2.42% |  |  |
| Novo Nordisk A/S Class B | 57302 | 7930010 |
| Total Denmark |  | 12590117 |
| **Finland 1.91%** |  |  |
| Banks 1.17% |  |  |
| Nordea Bank Abp | 328994 | 3846066 |
| Machinery 0.74% |  |  |
| Kone Oyj Class B | 44625 | 2433673 |
| Total Finland |  | 6279739 |
| **France 14.97%** |  |  |
| Aerospace & Defense 0.80% |  |  |
| Airbus SE | 21044 | 2638199 |
| Banks 0.52% |  |  |
| BNP Paribas SA | 24796 | 1703036 |
| Beverages 0.99% |  |  |
| Pernod Ricard SA | 15715 | 3253476 |
| Building Products 0.93% |  |  |
| Cie de Saint-Gobain | 52903 | 3038281 |
| Chemicals 0.97% |  |  |
| Air Liquide SA | 20096 | 3199809 |
| Hotels, Restaurants & Leisure 0.73% |  |  |
| Accor SA\* | 73666 | 2391049 |
| Information Technology Services 0.55% |  |  |
| Capgemini SE | 9445 | 1792525 |
| Insurance 1.18% |  |  |
| AXA SA | 124531 | 3885245 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **France (continued)** |  |  |
| Life Sciences Tools & Services 0.73% |  |  |
| Sartorius Stedim Biotech | 6905 | $2408659 |
| Oil, Gas & Consumable Fuels 1.58% |  |  |
| TotalEnergies SE | 83848 | 5183547 |
| Personal Products 1.65% |  |  |
| L'Oreal SA | 13095 | 5407077 |
| Professional Services 0.76% |  |  |
| Teleperformance | 8914 | 2477974 |
| Textiles, Apparel & Luxury Goods 3.58% |  |  |
| Hermes International | 1874 | 3507208 |
| LVMH Moet Hennessy Louis Vuitton SE | 9424 | 8226922 |
|  |  | 11734130 |
| Total France |  | 49113007 |
| **Germany 4.93%** |  |  |
| Chemicals 0.51% |  |  |
| Covestro AG<sup>†</sup> | 36039 | 1659398 |
| Diversified Telecommunication Services 0.82% |  |  |
| Deutsche Telekom AG | 119940 | 2672119 |
| Insurance 1.21% |  |  |
| Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen | 10994 | 3971113 |
| Pharmaceuticals 1.10% |  |  |
| Bayer AG Registered Shares | 26418 | 1644387 |
| Merck KGaA | 9469 | 1976447 |
|  |  | 3620834 |

---

*See Notes to Schedule of Investments.* 25

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Germany (continued)** |  |  |
| Semiconductors & Semiconductor Equipment 1.29% | Semiconductors & Semiconductor Equipment 1.29% |  |
| Aixtron SE | 47063 | $1402267 |
| Infineon Technologies AG | 78805 | 2837804 |
|  |  | 4240071 |
| Total Germany |  | 16163535 |
| **Hong Kong 2.67%** |  |  |
| Insurance 2.18% |  |  |
| AIA Group Ltd. | 413482 | 4675507 |
| Prudential plc | 149473 | 2483502 |
|  |  | 7159009 |
| Machinery 0.49% |  |  |
| Techtronic Industries Co. Ltd. | 125000 | 1611473 |
| Total Hong Kong |  | 8770482 |
| **India 4.16%** |  |  |
| Automobiles 0.50% |  |  |
| Maruti Suzuki India Ltd. | 15200 | 1656978 |
| Banks 1.75% |  |  |
| Axis Bank Ltd. | 175064 | 1871036 |
| Federal Bank Ltd. | 984362 | 1624320 |
| ICICI Bank Ltd. ADR | 107394 | 2237017 |
|  |  | 5732373 |
| Oil, Gas & Consumable Fuels 0.56% |  |  |
| Reliance Industries Ltd. | 63986 | 1845829 |
| Personal Products 0.74% |  |  |
| Hindustan Unilever Ltd. | 76883 | 2425687 |
| Wireless Telecommunication Services 0.61% |  |  |
| Bharti Airtel Ltd. | 211458 | 1992507 |
| Total India |  | 13653374 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Indonesia 1.36%** |  |  |
| Banks 0.76% |  |  |
| Bank Negara Indonesia Persero Tbk PT | 4055800 | $2486168 |
| Diversified Telecommunication Services 0.60% |  |  |
| Telkom Indonesia Persero Tbk PT ADR | 76431 | 1988735 |
| Total Indonesia |  | 4474903 |
| **Ireland 2.15%** |  |  |
| Banks 1.08% |  |  |
| Bank of Ireland Group plc | 330613 | 3532218 |
| Construction Materials 1.07% |  |  |
| CRH plc | 75122 | 3506650 |
| Total Ireland |  | 7038868 |
| **Italy 1.20%** |  |  |
| Diversified Financial Services 0.54% |  |  |
| Banca Mediolanum SpA | 185682 | 1776496 |
| Electric: Utilities 0.66% |  |  |
| Enel SpA | 364857 | 2148322 |
| Total Italy |  | 3924818 |
| **Japan 14.72%** |  |  |
| Automobiles 1.37% |  |  |
| Toyota Motor Corp. | 304800 | 4476205 |
| Banks 2.40% |  |  |
| Resona Holdings, Inc. | 536700 | 2969949 |
| Sumitomo Mitsui Financial Group, Inc. | 112700 | 4898062 |
|  |  | 7868011 |
| Electrical Equipment 0.72% |  |  |
| Fuji Electric Co. Ltd. | 58400 | 2363914 |

---

26 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Japan (continued)** |  |  |
| Electronic Equipment, Instruments & Components 1.27% | Electronic Equipment, Instruments & Components 1.27% |  |
| Keyence Corp. | 9060 | $4170941 |
| Health Care Equipment & Supplies 0.94% |  |  |
| Hoya Corp. | 28100 | 3090211 |
| Household Durables 1.40% |  |  |
| Sony Group Corp. | 51500 | 4601604 |
| Industrial Conglomerates 0.81% |  |  |
| Hitachi Ltd. | 50500 | 2648344 |
| Information Technology Services 0.69% |  |  |
| Obic Co. Ltd. | 14000 | 2244573 |
| Insurance 0.81% |  |  |
| Tokio Marine Holdings, Inc. | 127400 | 2668355 |
| Personal Products 0.59% |  |  |
| Shiseido Co. Ltd. | 37400 | 1943902 |
| Pharmaceuticals 1.61% |  |  |
| Daiichi Sankyo Co. Ltd. | 122900 | 3859912 |
| Gap, Inc. | 23100 | 1429196 |
|  |  | 5289108 |
| Professional Services 0.87% |  |  |
| TechnoPro Holdings, Inc. | 91900 | 2861322 |
| Trading Companies & Distributors 1.24% |  |  |
| ITOCHU Corp. | 125800 | 4066085 |
| Total Japan |  | 48292575 |
| **Mexico 0.80%** |  |  |
| Banks |  |  |
| Grupo Financiero Banorte SAB de CV Class O | 315717 | 2618722 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Netherlands 4.14%** |  |  |
| Oil, Gas & Consumable Fuels 2.15% |  |  |
| Shell plc | 240531 | $7061451 |
| Semiconductors & Semiconductor Equipment 1.99% | Semiconductors & Semiconductor Equipment 1.99% |  |
| ASML Holding NV | 9849 | 6516567 |
| Total Netherlands |  | 13578018 |
| **Norway 0.49%** |  |  |
| Oil, Gas & Consumable Fuels |  |  |
| Equinor ASA | 52928 | 1613068 |
| **Peru 0.64%** |  |  |
| Banks |  |  |
| Credicorp Ltd. | 15741 | 2114016 |
| **Singapore 0.71%** |  |  |
| Semiconductors & Semiconductor Equipment |  |  |
| STMicroelectronics NV | 49606 | 2335863 |
| **South Africa 1.39%** |  |  |
| Metals & Mining |  |  |
| Anglo American plc | 105774 | 4562072 |
| **South Korea 0.99%** |  |  |
| Technology Hardware, Storage & Peripherals |  |  |
| Samsung Electronics Co. Ltd. | 64911 | 3233232 |
| **Spain 2.12%** |  |  |
| Banks 1.23% |  |  |
| CaixaBank SA | 910002 | 4037642 |
| Electric: Utilities 0.01% |  |  |
| Iberdrola SA\* | 3971 | 46385 |
| Textiles, Apparel & Luxury Goods 0.88% |  |  |
| Industria de Diseno Textil SA | 92208 | 2878808 |
| Total Spain |  | 6962835 |

---

*See Notes to Schedule of Investments.* 27

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Sweden 2.45%** |  |  |
| Auto Components 0.60% |  |  |
| Autoliv, Inc. SDR | 21645 | $1990906 |
| Machinery 1.85% |  |  |
| Atlas Copco AB Class A | 250858 | 2976696 |
| Sandvik AB | 149357 | 3086856 |
|  |  | 6063552 |
| Total Sweden |  | 8054458 |
| **Switzerland 3.05%** |  |  |
| Capital Markets 0.96% |  |  |
| UBS Group AG Registered Shares | 148295 | 3165412 |
| Health Care Equipment & Supplies 0.90% |  |  |
| Alcon, Inc. | 38909 | 2936015 |
| Textiles, Apparel & Luxury Goods 1.19% |  |  |
| Cie Financiere Richemont SA Class A | 25384 | 3913127 |
| Total Switzerland |  | 10014554 |
| **Taiwan 2.99%** |  |  |
| Electrical Equipment 0.34% |  |  |
| Voltronic Power Technology Corp. | 22000 | 1113293 |
| Electronic Equipment, Instruments & Components 0.52% | Electronic Equipment, Instruments & Components 0.52% |  |
| Delta Electronics, Inc. | 175000 | 1697056 |
| Semiconductors & Semiconductor Equipment 2.13% | Semiconductors & Semiconductor Equipment 2.13% |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 397230 | 7009831 |
| Total Taiwan |  | 9820180 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United Kingdom 6.27%** |  |  |
| Banks 0.88% |  |  |
| NatWest Group plc | 760000 | $2899443 |
| Commercial Services & Supplies 0.65% |  |  |
| Rentokil Initial plc | 348894 | 2115494 |
| Electric: Utilities 0.67% |  |  |
| SSE plc | 102876 | 2195854 |
| Personal Products 1.00% |  |  |
| Unilever plc | 64248 | 3270162 |
| Pharmaceuticals 1.56% |  |  |
| AstraZeneca plc | 39154 | 5129662 |
| Tobacco 0.49% |  |  |
| Imperial Brands plc | 64529 | 1618789 |
| Trading Companies & Distributors 1.02% |  |  |
| Ashtead Group plc | 50995 | 3358978 |
| Total United Kingdom |  | 20588382 |
| **United States 2.65%** |  |  |
| Electrical Equipment 1.67% |  |  |
| Schneider Electric SE | 33793 | 5481750 |
| Food Products 0.98% |  |  |
| Nestle SA Registered Shares | 26435 | 3225309 |
| Total United States |  | 8707059 |
| *Total Common Stocks*<br> (cost $280,778,288) |  | 319850581 |

---

28 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **U.S. $ Fair Value** |
| **SHORT-TERM INVESTMENTS 0.96%** |  |  |
| **Repurchase Agreements 0.96%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $3,320,700 of U.S. Treasury Note at 2.250% due 11/15/2024; value: $3,215,829; proceeds: $3,152,926<br> (cost $3,152,746) | $3152746 | $3152746 |
| *Total Investments in Securities 98.44%* <br> (cost $283,931,034) |  | 323003327 |
| *Other Assets and Liabilities – Net 1.56%* |  | 5131740 |
| *Net Assets 100.00%* |  | $328135067 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| SDR | Swedish Depository Receipt. |
| <sup>†</sup> | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $4,897,445, which represents 1.49% of net assets. |
| \* | Non-income producing security. |

---

*See Notes to Schedule of Investments.* 29

**Schedule of Investments (unaudited)(concluded)**

INTERNATIONAL EQUITY FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | $4785144 | $– | $– | $4785144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | 9156083 |  |  | 9156083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | 2237017 | 11416357 |  | 13653374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indonesia | 1988735 | 2486168 |  | 4474903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | 2618722 |  |  | 2618722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | 2114016 |  |  | 2114016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Countries |  | 283048339 |  | 283048339 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 3152746 | – | 3152746 |
| Total | $22899717 | $300103610 | $– | $323003327 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

30 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **LONG-TERM INVESTMENTS 97.60%** |  |  |
| **COMMON STOCKS 97.60%** |  |  |
| **Australia 2.30%** |  |  |
| *Auto Components 1.07%* |  |  |
| GUD Holdings Ltd. | 616724 | $3663688 |
| *Professional Services 1.23%* |  |  |
| IPH Ltd. | 691138 | 4180382 |
| *Total Australia* |  | 7844070 |
| **Austria 3.53%** |  |  |
| *Banks 1.21%* |  |  |
| BAWAG Group AG<sup>†</sup>\* | 66863 | 4141817 |
| *Machinery 2.32%* |  |  |
| ANDRITZ AG | 131969 | 7891945 |
| *Total Austria* |  | 12033762 |
| **Canada 8.80%** |  |  |
| *Capital Markets 1.18%* |  |  |
| CI Financial Corp. | 336900 | 4018340 |
| *Gas Utilities 2.46%* |  |  |
| Brookfield Infrastructure Corp. Class A | 189800 | 8383410 |
| *Metals & Mining 1.90%* |  |  |
| Capstone Copper Corp.\* | 1320500 | 6480677 |
| *Oil, Gas & Consumable Fuels 1.56%* |  |  |
| MEG Energy Corp.\* | 321400 | 5311778 |
| *Paper & Forest Products 0.87%* |  |  |
| Interfor Corp.\* | 148100 | 2961889 |
| *Real Estate Management & Development 0.83%* | *Real Estate Management & Development 0.83%* |  |
| Tricon Residential, Inc. | 325500 | 2825542 |
| *Total Canada* |  | 29981636 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Egypt 1.01%** |  |  |
| *Oil, Gas & Consumable Fuels* |  |  |
| Energean plc | 239685 | $3442523 |
| **France 4.25%** |  |  |
| *Construction Materials 0.86%* |  |  |
| Vicat SA | 104455 | 2916758 |
| *Oil, Gas & Consumable Fuels 1.17%* |  |  |
| Gaztransport Et Technigaz SA | 36003 | 3980354 |
| *Personal Products 1.14%* |  |  |
| Interparfums SA | 59337 | 3884218 |
| *Software 1.08%* |  |  |
| Esker SA | 10875 | 1815773 |
| Ubisoft Entertainment SA\* | 90990 | 1884089 |
|  |  | 3699862 |
| *Total France* |  | 14481192 |
| **Germany 8.00%** |  |  |
| *Aerospace & Defense 2.23%* |  |  |
| Montana Aerospace AG<sup>†</sup>\* | 152962 | 2799510 |
| Rheinmetall AG | 20495 | 4788812 |
|  |  | 7588322 |
| *Life Sciences Tools & Services 1.64%* |  |  |
| Gerresheimer AG | 75511 | 5584347 |
| *Media 1.23%* |  |  |
| Stroeer SE & Co. KGaA | 76136 | 4174606 |
| *Semiconductors & Semiconductor Equipment 1.32%* | *Semiconductors & Semiconductor Equipment 1.32%* |  |
| Aixtron SE | 150949 | 4497607 |

---

*See Notes to Schedule of Investments.* 31

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Germany (continued)** |  |  |
| *Specialty Retail 0.34%* |  |  |
| MYT Netherlands Parent BV ADR\*<sup>(a)</sup> | 100244 | $1168845 |
| *Wireless Telecommunication Services 1.24%* |  |  |
| Freenet AG | 174319 | 4237564 |
| *Total Germany* |  | 27251291 |
| **Hong Kong 1.21%** |  |  |
| *Hotels, Restaurants & Leisure 1.01%* |  |  |
| Melco International Development Ltd.\* | 2649000 | 3447405 |
| *Textiles, Apparel & Luxury Goods 0.20%* |  |  |
| Stella International Holdings Ltd. | 654432 | 660178 |
| *Total Hong Kong* |  | 4107583 |
| **Iceland 1.08%** |  |  |
| *Machinery* |  |  |
| Marel HF<sup>†</sup> | 948142 | 3669551 |
| **India 3.29%** |  |  |
| *Banks 0.96%* |  |  |
| Federal Bank Ltd. | 1989616 | 3283116 |
| *Capital Markets 0.88%* |  |  |
| UTI Asset Management Co. Ltd. | 328332 | 2994517 |
| *Information Technology Services 0.50%* |  |  |
| CMS Info Systems Ltd. | 448550 | 1694483 |
| *Real Estate Management & Development 0.95%* | *Real Estate Management & Development 0.95%* |  |
| Phoenix Mills Ltd. (The) | 193809 | 3249232 |
| *Total India* |  | 11221348 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Indonesia 1.73%** |  |  |
| *Banks 0.53%* |  |  |
| Bank Tabungan Negara Persero Tbk PT | 19974700 | $1817092 |
| *Real Estate Management & Development 1.20%* | *Real Estate Management & Development 1.20%* |  |
| Pakuwon Jati Tbk PT | 136152200 | 4072380 |
| *Total Indonesia* |  | 5889472 |
| **Israel 0.62%** |  |  |
| *Capital Markets* |  |  |
| Tel Aviv Stock Exchange Ltd. | 348426 | 2104783 |
| **Italy 5.78%** |  |  |
| *Auto Components 1.18%* |  |  |
| Brembo SpA | 298086 | 4024193 |
| *Construction Materials 0.47%* |  |  |
| Buzzi Unicem SpA | 70850 | 1595412 |
| *Diversified Financial Services 1.28%* |  |  |
| Banca Mediolanum SpA | 458090 | 4382736 |
| *Textiles, Apparel & Luxury Goods 2.85%* |  |  |
| Brunello Cucinelli SpA | 58839 | 4900732 |
| Salvatore Ferragamo SpA | 242181 | 4806185 |
|  |  | 9706917 |
| *Total Italy* |  | 19709258 |
| **Japan 22.26%** |  |  |
| *Banks 2.06%* |  |  |
| Resona Holdings, Inc. | 679600 | 3760719 |
| Shizuoka Financial Group, Inc. | 386400 | 3273439 |
|  |  | 7034158 |

---

32 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Japan (continued)** |  |  |
| *Beverages 0.90%* |  |  |
| Coca-Cola Bottlers Japan Holdings, Inc. | 291500 | $3069164 |
| *Building Products 1.11%* |  |  |
| Sanwa Holdings Corp. | 355600 | 3764529 |
| *Chemicals 2.18%* |  |  |
| Aica Kogyo Co. Ltd. | 141300 | 3417063 |
| Kansai Paint Co. Ltd. | 284900 | 4012281 |
|  |  | 7429344 |
| *Construction & Engineering 0.96%* |  |  |
| SHO-BOND Holdings Co. Ltd. | 76800 | 3276758 |
| *Distributors 1.55%* |  |  |
| PALTAC Corp. | 146300 | 5297093 |
| *Food Products 1.23%* |  |  |
| Nichirei Corp. | 199500 | 4174623 |
| *Hotels, Restaurants & Leisure 0.82%* |  |  |
| Saizeriya Co. Ltd. | 112600 | 2791239 |
| *Information Technology Services 3.70%* |  |  |
| NS Solutions Corp. | 150400 | 3871072 |
| Simplex Holdings, Inc. | 230300 | 4045696 |
| TIS, Inc. | 60800 | 1753189 |
| Zuken, Inc. | 120800 | 2948002 |
|  |  | 12617959 |
| *Machinery 3.16%* |  |  |
| DMG Mori Co. Ltd. | 275200 | 4203466 |
| Fujitec Co. Ltd. | 76300 | 1890499 |
| OSG Corp. | 297300 | 4666093 |
|  |  | 10760058 |
| *Professional Services 1.08%* |  |  |
| TechnoPro Holdings, Inc. | 118200 | 3680177 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Japan (continued)** |  |  |
| *Software 1.83%* |  |  |
| Money Forward, Inc.\* | 78800 | $2922176 |
| OBIC Business Consultants Co. Ltd. | 83900 | 3294946 |
|  |  | 6217122 |
| *Wireless Telecommunication Services 1.68%* |  |  |
| Okinawa Cellular Telephone Co. | 237200 | 5739084 |
| *Total Japan* |  | 75851308 |
| **Mexico 1.15%** |  |  |
| *Consumer Finance* |  |  |
| Gentera SAB de CV | 3203220 | 3912486 |
| **New Zealand 1.23%** |  |  |
| *Airlines* |  |  |
| Air New Zealand Ltd.\* | 8339526 | 4192727 |
| **Norway 0.93%** |  |  |
| *Semiconductors & Semiconductor Equipment 0.62%* | *Semiconductors & Semiconductor Equipment 0.62%* |  |
| Nordic Semiconductor ASA\* | 132504 | 2112916 |
| *Software 0.31%* |  |  |
| Crayon Group Holding ASA<sup>†</sup>\* | 105018 | 1057733 |
| *Total Norway* |  | 3170649 |
| **Peru 0.63%** |  |  |
| *Banks* |  |  |
| Intercorp Financial Services, Inc. | 89356 | 2143650 |
| **Portugal 1.67%** |  |  |
| *Multi-Utilities* |  |  |
| REN - Redes Energeticas Nacionais SGPS SA | 2064820 | 5675094 |

---

*See Notes to Schedule of Investments.* 33

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **South Korea 2.16%** |  |  |
| *Chemicals 1.30%* |  |  |
| Soulbrain Co. Ltd./New\* | 23157 | $4421702 |
| *Semiconductors & Semiconductor Equipment 0.86%* | *Semiconductors & Semiconductor Equipment 0.86%* |  |
| WONIK IPS Co. Ltd.\* | 116798 | 2951992 |
| *Total South Korea* |  | 7373694 |
| **Spain 3.09%** |  |  |
| *Banks 1.29%* |  |  |
| Banco de Sabadell SA | 3358713 | 4391059 |
| *Containers & Packaging 1.21%* |  |  |
| Vidrala SA | 40903 | 4126090 |
| *Professional Services 0.59%* |  |  |
| Applus Services SA | 260637 | 2000325 |
| *Total Spain* |  | 10517474 |
| **Sweden 3.28%** |  |  |
| *Auto Components 0.95%* |  |  |
| Autoliv, Inc. SDR | 35136 | 3231807 |
| *Commercial Services & Supplies 1.71%* |  |  |
| Loomis AB | 195906 | 5825738 |
| *Food & Staples Retailing 0.62%* |  |  |
| Axfood AB | 81593 | 2101487 |
| *Total Sweden* |  | 11159032 |
| **Switzerland 2.88%** |  |  |
| *Containers & Packaging 0.78%* |  |  |
| SIG Group AG\* | 107363 | 2661095 |
| *Life Sciences Tools & Services 1.69%* |  |  |
| Tecan Group AG Registered Shares | 13721 | 5758345 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Switzerland (continued)** |  |  |
| *Machinery 0.41%* |  |  |
| Sulzer AG Registered Shares | 16456 | $1401289 |
| *Total Switzerland* |  | 9820729 |
| **United Kingdom 16.72%** |  |  |
| *Aerospace & Defense 1.97%* |  |  |
| Chemring Group plc | 1075381 | 3738708 |
| Senior plc | 1573022 | 2959371 |
|  |  | 6698079 |
| *Banks 0.54%* |  |  |
| Virgin Money UK plc | 773180 | 1849990 |
| *Beverages 1.40%* |  |  |
| Britvic plc | 498928 | 4779351 |
| *Biotechnology 0.89%* |  |  |
| Genus plc | 84269 | 3022469 |
| *Capital Markets 1.49%* |  |  |
| Man Group plc | 1645213 | 5061422 |
| *Communications Equipment 0.59%* |  |  |
| Spirent Communications plc | 743106 | 2013885 |
| *Construction Materials 0.93%* |  |  |
| Breedon Group plc | 3736324 | 3165167 |
| *Equity Real Estate Investment Trusts 1.05%* |  |  |
| Big Yellow Group plc | 240533 | 3587597 |
| *Food Products 1.01%* |  |  |
| Tate & Lyle plc | 368531 | 3431783 |
| *Insurance 0.94%* |  |  |
| Lancashire Holdings Ltd. | 415796 | 3209578 |
| *Life Sciences Tools & Services 0.79%* |  |  |
| ConvaTec Group plc<sup>†</sup> | 927138 | 2689133 |

---

34 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **United Kingdom (continued)** |  |  |
| *Machinery 1.20%* |  |  |
| Concentric AB | 193053 | $4103438 |
| *Multi-Line Retail 1.57%* |  |  |
| B&M European Value Retail SA | 966605 | 5345628 |
| *Pharmaceuticals 0.53%* |  |  |
| Dechra Pharmaceuticals plc | 50992 | 1808490 |
| *Specialty Retail 1.16%* |  |  |
| WH Smith plc | 200107 | 3951624 |
| *Trading Companies & Distributors 0.66%* |  |  |
| Grafton Group plc | 197334 | 2239928 |
| *Total United Kingdom* |  | 56957562 |
| *Total Common Stocks* <br> (cost $329,884,058) |  | 332510874 |
|  | **Principal**<br> **Amount** |  |
| **SHORT-TERM INVESTMENTS 2.29%** |  |  |
| **Repurchase Agreements 2.29%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $7,871,300 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $7,947,312; proceeds: $7,791,890<br> (cost $7,791,446) | $7791446 | 7791446 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **U.S. $ Fair Value** |
| **Money Market Funds 0.00%** |  |  |
| Fidelity Government Portfolio<sup>(b)</sup><br> (cost $11,880) | 11880 | $11880 |
| **Time Deposits 0.00%** |  |  |
| CitiBank N.A.<sup>(b)</sup><br> (cost $1,320) | 1320 | 1320 |
| *Total Short-Term Investments*<br> (cost $7,804,646) |  | 7804646 |
| *Total Investments in Securities 99.89%*<br> (cost $337,688,704) |  | 340315520 |
| *Other Assets and Liabilities – Net 0.11%* |  | 362132 |
| *Net Assets 100.00%* |  | $340677652 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| SDR | Swedish Depository Receipt. |
| <sup>†</sup> | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $14,357,744, which represents 4.21% of net assets. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. |
| <sup>(b)</sup> | Security was purchased with the cash collateral from loaned securities. |

---

*See Notes to Schedule of Investments.* 35

**Schedule of Investments (unaudited)(concluded)**

INTERNATIONAL OPPORTUNITIES FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | $29981636 | $– | $– | $29981636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Egypt | 3442523 |  |  | 3442523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | 1168845 | 26082446 |  | 27251291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | 660178 | 3447405 |  | 4107583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iceland | 3669551 |  |  | 3669551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | 3912486 |  |  | 3912486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | 2143650 |  |  | 2143650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 11477430 | 45480132 |  | 56957562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Countries |  | 201044592 |  | 201044592 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements |  | 7791446 |  | 7791446 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 11880 |  |  | 11880 |
| &nbsp;&nbsp;&nbsp;Time Deposits | – | 1320 | – | 1320 |
| Total | $56468179 | $283847341 | $– | $340315520 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

36 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)**

INTERNATIONAL VALUE FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **U.S. $**<br>**Fair Value** |
| **LONG-TERM INVESTMENTS 97.83%** |  |  |
| **COMMON STOCKS 97.83%** |  |  |
| **Australia 3.96%** |  |  |
| *Equity Real Estate Investment Trusts 0.97%* | *Equity Real Estate Investment Trusts 0.97%* | *Equity Real Estate Investment Trusts 0.97%* |
| Goodman Group | 272590 | $3888108 |
| *Metals & Mining 2.99%* |  |  |
| BHP Group Ltd. | 342648 | 12000263 |
| *Total Australia* |  | 15888371 |
| **Austria 2.76%** |  |  |
| *Banks* |  |  |
| BAWAG Group AG<sup>†</sup>\* | 104963 | 6501915 |
| Erste Group Bank AG | 120636 | 4577428 |
|  |  | 11079343 |
| **Canada 3.60%** |  |  |
| *Food & Staples Retailing 0.30%* |  |  |
| Alimentation Couche-Tard, Inc. | 26500 | 1210131 |
| *Insurance 1.31%* |  |  |
| Manulife Financial Corp. | 265100 | 5246014 |
| *Metals & Mining 0.44%* |  |  |
| Capstone Copper Corp.\* | 354700 | 1740777 |
| *Oil, Gas & Consumable Fuels 1.55%* |  |  |
| Pembina Pipeline Corp. | 175633 | 6231734 |
| *Total Canada* |  | 14428656 |
| **China 2.09%** |  |  |
| *Internet & Direct Marketing Retail 1.30%* | *Internet & Direct Marketing Retail 1.30%* | *Internet & Direct Marketing Retail 1.30%* |
| Alibaba Group Holding Ltd.\* | 379700 | 5220366 |
| *Specialty Retail 0.79%* |  |  |
| Topsports International Holdings Ltd.<sup>†</sup> | 3346000 | 3152812 |
| *Total China* |  | 8373178 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **U.S. $** | **U.S. $** |
| <br>**Investments** |<br>**Shares** | **Fair Value** | **Fair Value** |
| **Egypt 0.69%** |  |  |  |
| *Oil, Gas & Consumable Fuels* |  |  |  |
| Energean plc | 193325 | $| 2776668 |
| **Finland 1.83%** |  |  |  |
| *Banks* |  |  |  |
| Nordea Bank Abp | 628356 |  | 7345723 |
| **France 14.95%** |  |  |  |
| *Aerospace & Defense 2.76%* |  |  |  |
| Airbus SE | 47815 |  | 5994368 |
| Thales SA | 38451 |  | 5085503 |
|  |  |  | 11079871 |
| *Building Products 0.72%* |  |  |  |
| Cie de Saint-Gobain | 50414 |  | 2895335 |
| *Capital Markets 0.76%* |  |  |  |
| Amundi SA<sup>†</sup> | 46280 |  | 3029950 |
| *Diversified Telecommunication Services 2.17%* | *Diversified Telecommunication Services 2.17%* | *Diversified Telecommunication Services 2.17%* | *Diversified Telecommunication Services 2.17%* |
| Orange SA | 821493 |  | 8693655 |
| *Gas Utilities 0.83%* |  |  |  |
| Rubis SCA | 118673 |  | 3321098 |
| *Information Technology Services 0.77%* | *Information Technology Services 0.77%* | *Information Technology Services 0.77%* | *Information Technology Services 0.77%* |
| Capgemini SE | 16281 |  | 3089899 |
| *Insurance 1.77%* |  |  |  |
| AXA SA | 228093 |  | 7116278 |
| *Oil, Gas & Consumable Fuels 1.20%* |  |  |  |
| TotalEnergies SE | 78117 |  | 4829252 |
| *Pharmaceuticals 2.51%* |  |  |  |
| Sanofi | 103002 |  | 10086412 |
| *Textiles, Apparel & Luxury Goods 1.46%* | *Textiles, Apparel & Luxury Goods 1.46%* | *Textiles, Apparel & Luxury Goods 1.46%* | *Textiles, Apparel & Luxury Goods 1.46%* |
| Kering SA | 9383 |  | 5854586 |
| Total France |  |  | 59996336 |

---

*See Notes to Schedule of Investments.* 37

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL VALUE FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| | | **U.S. $** | **U.S. $** |
| <br>**Investments** |<br>**Shares** | **Fair Value** | **Fair Value** |
| **Germany 6.63%** |  |  |  |
| *Air Freight & Logistics 1.34%* |  |  |  |
| Deutsche Post AG Registered Shares Registered Shares | 124512 | $| 5361075 |
| *Chemicals 0.79%* |  |  |  |
| Covestro AG<sup>†</sup> | 69073 |  | 3180431 |
| *Insurance 2.00%* |  |  |  |
| Allianz SE Registered Shares Registered Shares | 33541 |  | 8020117 |
| *Pharmaceuticals 1.86%* |  |  |  |
| Bayer AG Registered Shares | 120075 |  | 7474061 |
| *Semiconductors & Semiconductor Equipment 0.64%* | *Semiconductors & Semiconductor Equipment 0.64%* | *Semiconductors & Semiconductor Equipment 0.64%* | *Semiconductors & Semiconductor Equipment 0.64%* |
| Infineon Technologies AG | 71199 |  | 2563908 |
| *Total Germany* |  |  | 26599592 |
| **Hong Kong 1.38%** |  |  |  |
| *Insurance* |  |  |  |
| Prudential plc | 334071 |  | 5550607 |
| **India 1.12%** |  |  |  |
| *Banks 0.73%* |  |  |  |
| Federal Bank Ltd. | 1771883 |  | 2923829 |
| *Oil, Gas & Consumable Fuels 0.39%* |  |  |  |
| Petronet LNG Ltd. | 583305 |  | 1552732 |
| *Total India* |  |  | 4476561 |
| **Indonesia 0.39%** |  |  |  |
| *Banks* |  |  |  |
| Bank Negara Indonesia Persero Tbk PT | 2560600 |  | 1569624 |

---

---

| | | |
|:---|:---|:---|
| <br>**Investments** |<br>**Shares** | **U.S. $**<br>**Fair Value** |
| **Ireland 3.51%** |  |  |
| *Banks 1.80%* |  |  |
| Bank of Ireland Group plc | 677468 | $7237962 |
| *Construction Materials 1.71%* |  |  |
| CRH plc | 146496 | 6844666 |
| *Total Ireland* |  | 14082628 |
| **Isle Of Man 0.91%** |  |  |
| *Hotels, Restaurants & Leisure* |  |  |
| Entain plc | 197220 | 3636871 |
| **Italy 1.33%** |  |  |
| *Electric: Utilities* |  |  |
| Enel SpA | 906084 | 5335132 |
| **Japan 16.75%** |  |  |
| *Auto Components 0.83%* |  |  |
| Denso Corp. | 61800 | 3337552 |
| *Automobiles 1.81%* |  |  |
| Toyota Motor Corp. | 494800 | 7266490 |
| *Banks 3.79%* |  |  |
| Concordia Financial Group Ltd. | 718400 | 3156910 |
| Sumitomo Mitsui Financial Group, Inc. | 277600 | 12064791 |
|  |  | 15221701 |
| *Beverages 1.59%* |  |  |
| Asahi Group Holdings Ltd. | 192600 | 6360084 |
| *Building Products 0.82%* |  |  |
| Sanwa Holdings Corp. | 309100 | 3272261 |
| *Diversified Financial Services 0.71%* |  |  |
| ORIX Corp. | 163100 | 2867784 |

---

38 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL VALUE FUND *January 31, 2023*

 

---

| | | | |
|:---|:---|:---|:---|
| | | **U.S. $** | **U.S. $** |
| <br>**Investments** |<br>**Shares** | **Fair Value** | **Fair Value** |
| **Japan (continued)** |  |  |  |
| *Electrical Equipment 1.27%* |  |  |  |
| Fuji Electric Co. Ltd. | 125900 | $| 5096179 |
| *Electronic Equipment, Instruments & Components 0.50%* | *Electronic Equipment, Instruments & Components 0.50%* | *Electronic Equipment, Instruments & Components 0.50%* | *Electronic Equipment, Instruments & Components 0.50%* |
| Murata Manufacturing Co., Ltd. | 34900 |  | 1994203 |
| *Household Durables 0.99%* |  |  |  |
| Sony Group Corp. | 44300 |  | 3958273 |
| *Industrial Conglomerates 1.23%* |  |  |  |
| Hitachi Ltd. | 94500 |  | 4955811 |
| *Insurance 0.66%* |  |  |  |
| Tokio Marine Holdings, Inc. | 125600 |  | 2630655 |
| *Machinery 0.92%* |  |  |  |
| Fujitec Co. Ltd. | 149000 |  | 3691799 |
| *Trading Companies & Distributors 1.63%* | *Trading Companies & Distributors 1.63%* | *Trading Companies & Distributors 1.63%* | *Trading Companies & Distributors 1.63%* |
| ITOCHU Corp. | 202400 |  | 6541936 |
| *Total Japan* |  |  | 67194728 |
| **Mexico 1.84%** |  |  |  |
| *Banks 0.96%* |  |  |  |
| Grupo Financiero Banorte SAB de CV Class O | 466266 |  | 3867454 |
| *Transportation Infrastructure 0.88%* |  |  |  |
| Grupo Aeroportuario del Pacifico SAB de CV Class B | 204300 |  | 3527038 |
| *Total Mexico* |  |  | 7394492 |
| **Netherlands 5.65%** |  |  |  |
| *Food & Staples Retailing 1.45%* |  |  |  |
| Koninklijke Ahold Delhaize NV | 195031 |  | 5821083 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **U.S. $** | **U.S. $** |
| <br>**Investments** |<br>**Shares** | **Fair Value** | **Fair Value** |
| **Netherlands (continued)** |  |  |  |
| *Oil, Gas & Consumable Fuels 4.20%* |  |  |  |
| Shell plc ADR | 286497 | $| 16848889 |
| *Total Netherlands* |  |  | 22669972 |
| **Norway 0.98%** |  |  |  |
| *Oil, Gas & Consumable Fuels* |  |  |  |
| Aker BP ASA | 129005 |  | 3929716 |
| **Singapore 1.79%** |  |  |  |
| *Banks* |  |  |  |
| United Overseas Bank Ltd. | 315500 |  | 7171513 |
| **South Africa 1.63%** |  |  |  |
| *Metals & Mining* |  |  |  |
| Anglo American plc | 151659 |  | 6541110 |
| **South Korea 1.03%** |  |  |  |
| *Technology Hardware, Storage & Peripherals* | *Technology Hardware, Storage & Peripherals* | *Technology Hardware, Storage & Peripherals* | *Technology Hardware, Storage & Peripherals* |
| Samsung Electronics Co. Ltd. | 82666 |  | 4117612 |
| **Sweden 1.98%** |  |  |  |
| *Auto Components 0.91%* |  |  |  |
| Autoliv, Inc. SDR | 39767 |  | 3657766 |
| *Commercial Services & Supplies 1.07%* | *Commercial Services & Supplies 1.07%* | *Commercial Services & Supplies 1.07%* | *Commercial Services & Supplies 1.07%* |
| Loomis AB | 144569 |  | 4299108 |
| *Total Sweden* |  |  | 7956874 |
| **Switzerland 4.76%** |  |  |  |
| *Capital Markets 1.92%* |  |  |  |
| UBS Group AG Registered Shares | 359897 |  | 7682136 |
| *Pharmaceuticals 2.84%* |  |  |  |
| Novartis AG Registered Shares Registered Shares | 126214 |  | 11410886 |
| Total Switzerland |  |  | 19093022 |

---

*See Notes to Schedule of Investments.* 39

**Schedule of Investments (unaudited)(continued)**

INTERNATIONAL VALUE FUND *January 31, 2023*

---

| | | | |
|:---|:---|:---|:---|
| | | **U.S. $** | **U.S. $** |
| <br>**Investments** |<br>**Shares** | **Fair Value** | **Fair Value** |
| **United Kingdom 15.87%** |  |  |  |
| *Banks 3.00%* |  |  |  |
| Barclays plc | 2252281 | $| 5177523 |
| Standard Chartered plc | 817646 |  | 6867910 |
|  |  |  | 12045433 |
| *Electric: Utilities 1.67%* |  |  |  |
| SSE plc | 314084 |  | 6704019 |
| *Food Products 1.26%* |  |  |  |
| Tate & Lyle plc | 541330 |  | 5040898 |
| *Insurance 0.96%* |  |  |  |
| Lancashire Holdings Ltd. | 498520 |  | 3848134 |
| *Multi-Line Retail 0.91%* |  |  |  |
| Next plc | 44801 |  | 3668044 |
| *Personal Products 2.69%* |  |  |  |
| Haleon plc\* | 852975 |  | 3418195 |
| Unilever plc | 144637 |  | 7361887 |
|  |  |  | 10780082 |
| *Pharmaceuticals 1.65%* |  |  |  |
| AstraZeneca plc | 50383 |  | 6600801 |
| *Tobacco 1.95%* |  |  |  |
| Imperial Brands plc | 312174 |  | 7831266 |
| *Trading Companies & Distributors 1.06%* | *Trading Companies & Distributors 1.06%* | *Trading Companies & Distributors 1.06%* | *Trading Companies & Distributors 1.06%* |
| Ashtead Group plc | 64631 |  | 4257165 |
| *Wireless Telecommunication Services 0.72%* | *Wireless Telecommunication Services 0.72%* | *Wireless Telecommunication Services 0.72%* | *Wireless Telecommunication Services 0.72%* |
| Vodafone Group plc | 2511112 |  | 2897353 |
| *Total United Kingdom* |  |  | 63673195 |
| **United States 0.40%** |  |  |  |
| *Pharmaceuticals* |  |  |  |
| GSK plc | 92131 |  | 1618282 |
| *Total Common Stocks <br> (cost $362,302,438)* |  |  | 392499806 |

---

---

| | | |
|:---|:---|:---|
| <br>**Investments** | **Principal**<br>**Amount** | **U.S. $**<br>**Fair Value** |
| **SHORT-TERM INVESTMENTS 2.83%** | **SHORT-TERM INVESTMENTS 2.83%** | **SHORT-TERM INVESTMENTS 2.83%** |
| **Repurchase Agreements 2.83%** | **Repurchase Agreements 2.83%** | **Repurchase Agreements 2.83%** |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $12,148,700 of U.S. Treasury Note at 1.500% due 11/30/2024; value: $11,573,252; proceeds: $11,346,888<br> (cost $11,346,242) | $11346242 | $11346242 |
| *Total Investments in Securities 100.66% <br> (cost $373,648,680)* |  | 403846048 |
| *Other Assets and Liabilities – Net (0.66)%* |  | (2662416) |
| *Net Assets 100.00%* |  | $401183632 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| SDR | Swedish Depository Receipt. |
| <sup>†</sup> | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At January 31, 2023, the total value of Rule 144A securities was $15,865,108, which represents 3.95% of net assets. |
| \* | Non-income producing security. |

---

40 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

INTERNATIONAL VALUE FUND *January 31, 2023*

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | $14428656 | $– | $– | $14428656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Egypt | 2776668 |  |  | 2776668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | 7394492 |  |  | 7394492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 16848889 | 5821083 |  | 22669972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Countries |  | 345230018 |  | 345230018 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 11346242 | – | 11346242 |
| Total | $41448705 | $362397343 | $– | $403846048 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 41

**Schedule of Investments (unaudited)**

MICRO CAP GROWTH FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 99.93%** |  |  |
| **COMMON STOCKS 99.93%** |  |  |
| **Aerospace & Defense 2.16%** |  |  |
| AAR Corp.\* | 35417 | $1821850 |
| AeroVironment, Inc.\* | 35647 | 3171514 |
| *Total* |  | 4993364 |
| **Banks 0.91%** |  |  |
| Byline Bancorp, Inc. | 85103 | 2110554 |
| **Beverages 1.49%** |  |  |
| MGP Ingredients, Inc. | 19452 | 1897348 |
| Vita Coco Co., Inc. (The)\* | 114285 | 1550848 |
| *Total* |  | 3448196 |
| **Biotechnology 16.87%** |  |  |
| Arcellx, Inc.\* | 172795 | 5773081 |
| BELLUS Health, Inc. (Canada)\*<sup>(a)</sup> | 282972 | 2224160 |
| Cytek Biosciences, Inc.\* | 151019 | 1819779 |
| Day One Biopharmaceuticals, Inc.\* | 157787 | 3435023 |
| Esperion Therapeutics, Inc.\* | 253214 | 1610441 |
| IVERIC bio, Inc.\* | 51649 | 1193092 |
| Karuna Therapeutics, Inc.\* | 12562 | 2504737 |
| Krystal Biotech, Inc.\* | 72084 | 5991622 |
| Rocket Pharmaceuticals, Inc.\* | 167056 | 3630127 |
| Syndax Pharmaceuticals, Inc.\* | 148968 | 4275381 |
| uniQure NV (Netherlands)\*<sup>(a)</sup> | 94079 | 1999179 |
| Xenon Pharmaceuticals, Inc. (Canada)\*<sup>(a)</sup> | 115596 | 4518648 |
| *Total* |  | 38975270 |
| **Capital Markets 1.44%** |  |  |
| Piper Sandler Cos. | 13044 | 1853553 |
| StoneX Group, Inc.\* | 16799 | 1476296 |
| *Total* |  | 3329849 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Commercial Services & Supplies 3.21%** |  |  |  |
| Heritage-Crystal Clean, Inc.\* | 130052 | $| 4837934 |
| Montrose Environmental Group, Inc.\* | 47735 |  | 2585328 |
| *Total* |  |  | 7423262 |
| **Communications Equipment 2.06%** |  |  |  |
| Calix, Inc.\* | 90474 |  | 4762551 |
| **Construction & Engineering 2.75%** |  |  |  |
| Ameresco, Inc. Class A\* | 45970 |  | 2963686 |
| NV5 Global, Inc.\* | 25480 |  | 3396229 |
| *Total* |  |  | 6359915 |
| **Diversified Consumer Services 1.83%** |  |  |  |
| PowerSchool Holdings, Inc. Class A\* | 187459 |  | 4221577 |
| **Diversified Telecommunication Services 0.96%** | **Diversified Telecommunication Services 0.96%** | **Diversified Telecommunication Services 0.96%** | **Diversified Telecommunication Services 0.96%** |
| Ooma, Inc.\* | 154845 |  | 2225123 |
| **Electronic Equipment, Instruments & Components 3.26%** | **Electronic Equipment, Instruments & Components 3.26%** | **Electronic Equipment, Instruments & Components 3.26%** | **Electronic Equipment, Instruments & Components 3.26%** |
| Napco Security Technologies, Inc.\* | 143646 |  | 4161425 |
| OSI Systems, Inc.\* | 17921 |  | 1697298 |
| Sight Sciences, Inc.\* | 144879 |  | 1667557 |
| *Total* |  |  | 7526280 |
| **Food & Staples Retailing 1.99%** |  |  |  |
| Chefs' Warehouse, Inc. (The)\* | 120360 |  | 4601363 |
| **Health Care Equipment & Supplies 9.93%** |  |  |  |
| Axonics, Inc.\* | 47319 |  | 2905387 |
| Lantheus Holdings, Inc.\* | 19504 |  | 1121480 |
| Pacific Biosciences of California, Inc.\* | 405464 |  | 4496596 |
| PROCEPT BioRobotics Corp.\* | 49473 |  | 1924005 |
| Silk Road Medical, Inc.\* | 81458 |  | 4428057 |
| TransMedics Group, Inc.\* | 94975 |  | 5985324 |
| Treace Medical Concepts, Inc.\* | 89890 |  | 2075560 |
| *Total* |  |  | 22936409 |

---

42 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(continued)**

MICRO CAP GROWTH FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Health Care Technology 1.04%** | | |
| Phreesia, Inc.\* | 64090 | $2402734 |
| **Hotels, Restaurants & Leisure 3.55%** |  |  |
| Kura Sushi USA, Inc. Class A\* | 29622 | 1840711 |
| Monarch Casino & Resort, Inc.\* | 36796 | 2819309 |
| Xponential Fitness, Inc. Class A\* | 129260 | 3552065 |
| *Total* |  | 8212085 |
| **Information Technology Services 2.59%** |  |  |
| Flywire Corp.\* | 129092 | 3481611 |
| NerdWallet, Inc. Class A\*<sup>(b)</sup> | 213138 | 2491583 |
| *Total* |  | 5973194 |
| **Interactive Media & Services 0.53%** |  |  |
| ZipRecruiter, Inc. Class A\* | 61934 | 1216384 |
| **Internet & Direct Marketing Retail 1.14%** |  |  |
| Fiverr International Ltd. (Israel)\*<sup>(a)</sup> | 70845 | 2627641 |
| **Leisure Products 0.94%** |  |  |
| Bowlero Corp.\*<sup>(b)</sup> | 158535 | 2179856 |
| **Life Sciences Tools & Services 1.25%** |  |  |
| Akoya Biosciences, Inc.\* | 89804 | 1010295 |
| Olink Holding AB ADR\* | 96293 | 1885417 |
| *Total* |  | 2895712 |
| **Media 0.74%** |  |  |
| Integral Ad Science Holding Corp.\* | 166172 | 1708248 |
| **Metals & Mining 1.05%** |  |  |
| Carpenter Technology Corp. | 50403 | 2433961 |
| **Oil, Gas & Consumable Fuels 1.02%** |  |  |
| Talos Energy, Inc.\* | 119525 | 2367790 |
| **Personal Products 1.61%** |  |  |
| elf Beauty, Inc.\* | 64534 | 3713932 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Pharmaceuticals 8.46%** |  |  |  |
| Intra-Cellular Therapies, Inc.\* | 35438 | $| 1698189 |
| Pliant Therapeutics, Inc.\* | 156075 |  | 5468868 |
| Prometheus Biosciences, Inc.\* | 37434 |  | 4254748 |
| Ventyx Biosciences, Inc.\* | 193556 |  | 8129352 |
| *Total* |  |  | 19551157 |
| **Professional Services 2.97%** |  |  |  |
| ICF International, Inc. | 33034 |  | 3375744 |
| Remitly Global, Inc.\* | 288864 |  | 3483700 |
| *Total* |  |  | 6859444 |
| **Semiconductors & Semiconductor Equipment 8.91%** | **Semiconductors & Semiconductor Equipment 8.91%** | **Semiconductors & Semiconductor Equipment 8.91%** | **Semiconductors & Semiconductor Equipment 8.91%** |
| Aehr Test Systems\*<sup>(b)</sup> | 77614 |  | 2713385 |
| CEVA, Inc.\* | 39823 |  | 1318938 |
| Impinj, Inc.\* | 55743 |  | 7234327 |
| indie Semiconductor, Inc. Class A\*<sup>(b)</sup> | 320089 |  | 2551109 |
| Rambus, Inc.\* | 167474 |  | 6777673 |
| *Total* |  |  | 20595432 |
| **Software 9.36%** |  |  |  |
| Agilysys, Inc.\* | 90118 |  | 7530260 |
| Arteris, Inc.\* | 152473 |  | 957530 |
| AvidXchange Holdings, Inc.\* | 408840 |  | 4546301 |
| C3.ai, Inc. Class A\* | 139888 |  | 2776777 |
| JFrog Ltd. (Israel)\*<sup>(a)</sup> | 125123 |  | 3216912 |
| Yext, Inc.\* | 176128 |  | 1224090 |
| Zeta Global Holdings Corp. Class A\* | 152241 |  | 1382348 |
| *Total* |  |  | 21634218 |
| **Specialty Retail 1.17%** |  |  |  |
| Warby Parker, Inc. Class A\*<sup>(b)</sup> | 167106 |  | 2698762 |
| **Technology Hardware, Storage & Peripherals 0.81%** | **Technology Hardware, Storage & Peripherals 0.81%** |  |  |
| Avid Technology, Inc.\* | 61432 |  | 1862004 |

---

*See Notes to Schedule of Investments.* 43

**Schedule of Investments (unaudited)(concluded)**

MICRO CAP GROWTH FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Textiles, Apparel & Luxury Goods 1.23%** | | |
| Oxford Industries, Inc. | 24163 | $2832387 |
| **Trading Companies & Distributors 1.02%** |  |  |
| Titan Machinery, Inc.\* | 53431 | 2347758 |
| **Wireless Telecommunication Services 1.68%** | **Wireless Telecommunication Services 1.68%** |  |
| Gogo, Inc.\* | 232044 | 3891378 |
| *Total Common Stocks*<br> (cost $176,621,119) |  | 230917790 |
|  | **Principal**<br> **Amount** |  |
| **SHORT-TERM INVESTMENTS 5.32%** |  |  |
| **Repurchase Agreements 1.83%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $4,275,400 of U.S. Treasury Note at 4.500% due 11/30/2024; value: $4,316,687; proceeds: $4,232,264 <br> (cost $4,232,023) | $4232023 | 4232023 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Money Market Funds 3.14%** |  |  |
| Fidelity Government Portfolio<sup>(c)</sup><br> (cost $7,240,664) | 7240664 | $7240664 |
| **Time Deposits 0.35%** |  |  |
| CitiBank N.A.<sup>(c)</sup> <br> (cost $804,518) | 804518 | 804518 |
| *Total Short-Term Investments*<br> (cost $12,277,205) |  | 12277205 |
| *Total Investments in Securities 105.25%*<br> (cost $188,898,324) |  | 243194995 |
| *Other Assets and Liabilities – Net (5.25)%* |  | (12120467) |
| *Net Assets 100.00%* |  | $231074528 |

---

---

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

---

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $230917790 | $– | $– | $230917790 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements |  | 4232023 |  | 4232023 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 7240664 |  |  | 7240664 |
| &nbsp;&nbsp;&nbsp;Time Deposits | – | 804518 | – | 804518 |
| Total | $238158454 | $5036541 | $– | $243194995 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

44 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)**

VALUE OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 98.98%** | | |
| **COMMON STOCKS 98.98%** | | |
| **Aerospace & Defense 1.52%** | | |
| Curtiss-Wright Corp. | 121108 | $20079706 |
| **Auto Components 1.64%** |  |  |
| Gentherm, Inc.\* | 289934 | 21579788 |
| **Banks 5.36%** |  |  |
| Columbia Banking System, Inc. | 425778 | 13160798 |
| East West Bancorp, Inc. | 244035 | 19161628 |
| First BanCorp | 1475809 | 19849631 |
| Wintrust Financial Corp. | 202956 | 18564386 |
| *Total* |  | 70736443 |
| **Building Products 3.60%** |  |  |
| Allegion plc (Ireland)<sup>(a)</sup> | 215787 | 25365762 |
| Masonite International Corp.\* | 242724 | 22141283 |
| *Total* |  | 47507045 |
| **Capital Markets 4.44%** |  |  |
| Cboe Global Markets, Inc. | 171332 | 21053276 |
| Moelis & Co. Class A | 389256 | 18197718 |
| TPG, Inc. | 598900 | 19290569 |
| *Total* |  | 58541563 |
| **Chemicals 3.81%** |  |  |
| Avient Corp. | 400822 | 16241307 |
| Axalta Coating Systems Ltd.\* | 407858 | 12276526 |
| Valvoline, Inc. | 593900 | 21772374 |
| *Total* |  | 50290207 |
| **Communications Equipment 1.38%** |  |  |
| F5, Inc.\* | 123135 | 18182114 |
| **Construction & Engineering 1.99%** |  |  |
| EMCOR Group, Inc. | 176902 | 26225722 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Construction Materials 1.18%** | | | |
| Eagle Materials, Inc. | 107039 | $| 15636257 |
| **Containers & Packaging 1.87%** |  |  |  |
| Avery Dennison Corp. | 130203 |  | 24665656 |
| **Electric: Utilities 3.12%** |  |  |  |
| IDACORP, Inc. | 188682 |  | 19964442 |
| Portland General Electric Co. | 444467 |  | 21147740 |
| *Total* |  |  | 41112182 |
| **Electrical Equipment 0.38%** |  |  |  |
| Brady Corp. Class A | 94635 |  | 5060134 |
| **Electronic Equipment, Instruments & Components 1.43%** | **Electronic Equipment, Instruments & Components 1.43%** | **Electronic Equipment, Instruments & Components 1.43%** | **Electronic Equipment, Instruments & Components 1.43%** |
| Littelfuse, Inc. | 73340 |  | 18825645 |
| **Energy Equipment & Services 1.84%** |  |  |  |
| NOV, Inc. | 995759 |  | 24336350 |
| **Equity Real Estate Investment Trusts 5.23%** |  |  |  |
| American Homes 4 Rent Class A | 536613 |  | 18400460 |
| First Industrial Realty Trust, Inc. | 488236 |  | 26047391 |
| National Storage Affiliates Trust | 433694 |  | 17694715 |
| Sunstone Hotel Investors, Inc. | 630200 |  | 6925898 |
| *Total* |  |  | 69068464 |
| **Food & Staples Retailing 2.17%** |  |  |  |
| BJ's Wholesale Club Holdings, Inc.\* | 395993 |  | 28697613 |
| **Health Care Equipment & Supplies 4.74%** |  |  |  |
| CONMED Corp. | 179000 |  | 17141040 |
| Cooper Cos., Inc. (The) | 48412 |  | 16892399 |
| STERIS plc | 138084 |  | 28515727 |
| *Total* |  |  | 62549166 |

---

*See Notes to Schedule of Investments.* 45

**Schedule of Investments (unaudited)(continued)**

VALUE OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Health Care Providers & Services 3.23%** |  |  |
| Molina Healthcare, Inc.\* | 101451 | $31635465 |
| R1 RCM, Inc.\* | 771139 | 11034999 |
| *Total* |  | 42670464 |
| **Hotels, Restaurants & Leisure 5.75%** |  |  |
| Caesars Entertainment, Inc.\* | 388200 | 20209692 |
| Choice Hotels International, Inc. | 183133 | 22505214 |
| Dave & Buster's Entertainment, Inc.\* | 190457 | 8256311 |
| SeaWorld Entertainment, Inc.\* | 119368 | 7447370 |
| Texas Roadhouse, Inc. | 174040 | 17478837 |
| *Total* |  | 75897424 |
| **Household Products 0.83%** |  |  |
| Reynolds Consumer Products, Inc. | 369000 | 10985130 |
| **Information Technology Services 2.08%** |  |  |
| Euronet Worldwide, Inc.\* | 153404 | 17285563 |
| WNS Holdings Ltd. ADR\* | 120609 | 10219200 |
| Total |  | 27504763 |
| **Insurance 7.03%** |  |  |
| American Financial Group, Inc./OH | 211679 | 30183309 |
| Assurant, Inc. | 98423 | 13049905 |
| RenaissanceRe Holdings Ltd. | 105619 | 20668582 |
| Selective Insurance Group, Inc. | 172150 | 16354250 |
| Stewart Information Services Corp. | 260796 | 12458225 |
| Total |  | 92714271 |
| **Internet Software & Services 0.74%** |  |  |
| Perficient, Inc.\* | 131646 | 9760234 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Life Sciences Tools & Services 4.23%** |  |  |
| Bio-Techne Corp. | 216348 | $17234282 |
| Charles River Laboratories International, Inc.\* | 84894 | 20650465 |
| Repligen Corp.\* | 96826 | 17941858 |
| *Total* |  | 55826605 |
| **Machinery 3.51%** |  |  |
| Columbus McKinnon Corp. | 603767 | 21705424 |
| Crane Holdings Co. | 212395 | 24618704 |
| *Total* |  | 46324128 |
| **Media 1.21%** |  |  |
| Criteo SA ADR\* | 529984 | 16032016 |
| **Metals & Mining 1.10%** |  |  |
| Reliance Steel & Aluminum Co. | 63729 | 14495161 |
| **Oil, Gas & Consumable Fuels 3.72%** |  |  |
| Chesapeake Energy Corp. | 341338 | 29600832 |
| Permian Resources Corp. | 1796622 | 19529281 |
| *Total* |  | 49130113 |
| **Pharmaceuticals 1.63%** |  |  |
| Organon & Co. | 712194 | 21458405 |
| **Professional Services 2.88%** |  |  |
| Booz Allen Hamilton Holding Corp. | 237561 | 22482773 |
| ICF International, Inc. | 151838 | 15516325 |
| *Total* |  | 37999098 |
| **Real Estate Management & Development 1.29%** | **Real Estate Management & Development 1.29%** |  |
| Marcus & Millichap, Inc. | 469400 | 17011056 |
| **Road & Rail 1.74%** |  |  |
| Saia, Inc.\* | 84051 | 22927432 |
| **Semiconductors & Semiconductor Equipment 2.65%** | **Semiconductors & Semiconductor Equipment 2.65%** |  |
| Entegris, Inc. | 282959 | 22837621 |
| FormFactor, Inc.\* | 429492 | 12085905 |
| *Total* |  | 34923526 |

---

46 *See Notes to Schedule of Investments.*

**Schedule of Investments (unaudited)(concluded)**

VALUE OPPORTUNITIES FUND *January 31, 2023*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Software 5.21%** |  |  |
| Aspen Technology, Inc.\* | 50116 | $9960555 |
| CommVault Systems, Inc.\* | 399880 | 24884532 |
| Descartes Systems Group, Inc. (The) (Canada)\*<sup>(a)</sup> | 283463 | 20698468 |
| Paylocity Holding Corp.\* | 63154 | 13154347 |
| *Total* |  | 68697902 |
| **Specialty Retail 0.74%** |  |  |
| Burlington Stores, Inc.\* | 42343 | 9731692 |
| **Textiles, Apparel & Luxury Goods 1.51%** |  |  |
| Deckers Outdoor Corp.\* | 46740 | 19980415 |
| **Trading Companies & Distributors 2.20%** |  |  |
| AerCap Holdings NV (Ireland)\*<sup>(a)</sup> | 460197 | 29089052 |
| *Total Common Stocks*<br> (cost $1,119,298,264) |  | 1306252942 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal <br> Amount** | **Fair <br> Value** |
| **SHORT-TERM INVESTMENTS 1.34%** |  |  |
| **Repurchase Agreements 1.34%** |  |  |
| Repurchase Agreement dated 1/31/2023, 2.05% due 2/1/2023 with Fixed Income Clearing Corp. collateralized by $18,929,400 of U.S. Treasury Note at 1.500% due 11/30/2024; value: $18,032,770; proceeds: $17,680,161 <br> (cost $17,679,155) | $17679155 | $17679155 |
| *Total Investments in Securities 100.32%* <br> (cost $1,136,977,419) |  | 1323932097 |
| *Other Assets and Liabilities – Net (0.32)%* |  | (4203634) |
| *Net Assets 100.00%* |  | $1319728463 |

---

ADR American Depositary Receipt. <br> \* Non-income producing security. <br> <sup>(a)</sup> Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup>** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $1306252942 | $– | $– | $1306252942 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 17679155 | – | 17679155 |
| Total | $1306252942 | $17679155 | $– | $1323932097 |

---

<sup>(1)</sup> Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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

*See Notes to Schedule of Investments.* 47

**Notes to Schedule of Investments (unaudited)**

**1.** **ORGANIZATION** 

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

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

**2.** **SIGNIFICANT ACCOUNTING POLICIES** 

---

| | |
|:---|:---|
| (a) | **Investment Valuation** **-**Under procedures approved by the Funds' Board of Trustees (the "Board"), the Board has designated the determination of fair value of the Funds' portfolio investments to Lord Abbett, as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value. |
|  | Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Board has approved the use of an independent fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities |

---

**Notes to Schedule of Investments (unaudited)(continued)**

---

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

---

---

| | | |
|:---|:---|:---|
| ● | Level 1 - | unadjusted quoted prices in active markets for identical investments; |
| ● | Level 2 - | other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and |
| ● | Level 3 - | significant unobservable inputs (including each Fund's own assumptions in determining the fair value of investments). |
| A summary of inputs used in valuing each Fund's investments and other financial instruments as of January 31, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund's Schedule of Investments. | A summary of inputs used in valuing each Fund's investments and other financial instruments as of January 31, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund's Schedule of Investments. | A summary of inputs used in valuing each Fund's investments and other financial instruments as of January 31, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund's Schedule of Investments. |

---

**Notes to Schedule of Investments (unaudited)(continued)**

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

**3.** **FEDERAL TAX INFORMATION** 

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

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

**4.** **SECURITIES LENDING AGREEMENT** 

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

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

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

---

| | | |
|:---|:---|:---|
| **Funds** | **Market Value of<br> Securities Loaned** | **Collateral Received** |
| Health Care Fund | $42683 | $43058 |
| International Opportunities Fund | 12826 | 13200 |
| Micro-Cap Growth Fund | 7984031 | 8045182 |

---

**Notes to Schedule of Investments (unaudited)(concluded)**

**5.** **TRANSACTIONS WITH AFFILIATED ISSUERS** 

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuer** | **Value at<br> 10/31/2022** | **Purchases<br> at Cost** | **Proceeds<br> from<br> Sales** | **Net<br> Realized<br> Gain (Loss)** | **Change in<br> Appreciation<br> (Depreciation)** | **Value at<br> 1/31/2023** | **Shares<br> as of<br> 1/31/2023** | **Dividend<br> Income** |
| Lord Abbett Developing Growth Fund, Inc. - Class I | $130614911 | $4427496 | $(5039167) | $(508607) | $3107594 | $132602227 | 5486232 | $– |
| Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I | 66432704 | 2521943 | (5805707) | 519777 <sup>(a)</sup> | 5248518 | 66816369 | 2411273 | 421077 |
| Lord Abbett Securities Trust - International Opportunities Fund - Class I | 127886274 | 2427052 | (20312677) | (820711) | 22397467 | 131577405 | 7289607 | 2427052 |
| Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I | 66791628 | 222989 | (2436898) | 396985 | 1302246 | 66276950 | 3778617 |  |
| Lord Abbett Research Fund, Inc. - Small - Cap Value Fund - Class I | 132523683 | 3852845 | (10390641) | (521637)<sup>(b)</sup> | 11618516 | 133711999 | 7302676 | 482078 |
| Lord Abbett Securities Trust - Value Opportunities Fund - Class I | 131587768 | 11466931 | (8794198) | 8064464 <sup>(c)</sup> | 40267 | 132571431 | 7485682 | 1136520 |
| Total |  |  |  | $7130271 | $43714608 | $663556381 |  | $4466727 |

---

<sup>(a)</sup> Includes $2,100,866 of distributed capital gains.

<sup>(b)</sup> Includes $3,370,767 of distributed capital gains.

<sup>(c)</sup> Includes $9,793,801 of distributed capital gains.

**Investments in Underlying Funds (unaudited)**

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

---

| | |
|:---|:---|
| **Underlying Fund Name** | **%** |
| Lord Abbett Developing Growth Fund, Inc. - Class I | 19.98% |
| Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I | 10.07% |
| Lord Abbett Securities Trust - International Opportunities Fund - Class I | 19.83% |
| Lord Abbett Securities Trust - Micro Cap Growth Fund - Class I | 9.99% |
| Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I | 20.15% |
| Lord Abbett Securities Trust - Value Opportunities Fund - Class I | 19.98% |
| Total | 100.00% |
| **Lord Abbett Developing Growth Fund, Inc.** |  |
| **Ten Largest Holdings** | **% of Investments** |
| Crocs, Inc. | 2.47% |
| Clear Secure, Inc. | 2.41% |
| Krystal Biotech, Inc. | 2.24% |
| Planet Fitness, Inc. | 1.97% |
| Impinj, Inc. | 1.93% |
| Inspire Medical Systems, Inc. | 1.90% |
| Rambus, Inc. | 1.89% |
| Xenon Pharmaceuticals, Inc. | 1.87% |
| Axon Enterprise, Inc. | 1.83% |
| Clean Harbors, Inc. | 1.79% |
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 2.15% |
| Consumer Discretionary | 13.78% |
| Consumer Staples | 1.47% |
| Energy | 3.25% |
| Financials | 0.63% |
| Health Care | 28.50% |
| Industrials | 19.07% |
| Information Technology | 26.82% |
| Materials | 2.35% |
| Money Market Funds | 1.06% |
| Time Deposits | 0.12% |
| Repurchase Agreements | 0.80% |
| Total | 100.00% |

---

**Investments in Underlying Funds (unaudited)(continued)**

**Lord Abbett Securities Trust - Focused Small Cap Value Fund**

---

| | |
|:---|:---|
| **Ten Largest Holdings** | **% of Investments** |
| SP Plus Corp. | 3.44% |
| Organon & Co. | 3.42% |
| Kemper Corp. | 3.33% |
| Masonite International Corp. | 3.27% |
| MRC Global, Inc. | 3.23% |
| Cars.com, Inc. | 3.09% |
| International Money Express, Inc. | 3.06% |
| Eagle Materials, Inc. | 2.69% |
| Tenet Healthcare Corp. | 2.66% |
| Bancorp, Inc. (The) | 2.57% |
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 5.04% |
| Consumer Discretionary | 6.35% |
| Consumer Staples | 4.72% |
| Energy | 6.61% |
| Financials | 27.30% |
| Health Care | 6.09% |
| Industrials | 17.34% |
| Information Technology | 13.12% |
| Materials | 6.23% |
| Real Estate | 4.25% |
| Repurchase Agreements | 2.95% |
| Total | 100.00% |
| **Lord Abett Securities Trust - International Opportunities Fund** |  |
| **Ten Largest Holdings** | **% of Investments** |
| Brookfield Infrastructure Corp. | 2.46% |
| ANDRITZ AG | 2.32% |
| Capstone Copper Corp. | 1.90% |
| Loomis AB | 1.71% |
| Tecan Group AG | 1.69% |
| Okinawa Cellular Telephone Co. | 1.68% |
| REN - Redes Energeticas Nacionais SGPS SA | 1.67% |
| Gerresheimer AG | 1.64% |
| B&M European Value Retail SA | 1.57% |
| MEG Energy Corp. | 1.56% |

---

**Investments in Underlying Funds (unaudited)(continued)**

---

| | |
|:---|:---|
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 4.71% |
| Consumer Discretionary | 12.72% |
| Consumer Staples | 6.30% |
| Energy | 3.74% |
| Financials | 14.80% |
| Health Care | 5.54% |
| Industrials | 21.44% |
| Information Technology | 9.78% |
| Materials | 10.51% |
| Real Estate | 4.04% |
| Utilities | 4.13% |
| Money Market Funds | 0.00% |
| Time Deposits | 0.00% |
| Repurchase Agreements | 2.29% |
| Total | 100.00% |
| **Lord Abbett Securities Trust - Micro Cap Growth Fund** |  |
| **Ten Largest Holdings** | **% of Investments** |
| Ventyx Biosciences, Inc. | 3.34% |
| Agilysys, Inc. | 3.10% |
| Fidelity Government Portfolio | 2.98% |
| Impinj, Inc. | 2.97% |
| Rambus, Inc. | 2.79% |
| Krystal Biotech, Inc. | 2.46% |
| TransMedics Group, Inc. | 2.46% |
| Arcellx, Inc. | 2.37% |
| Pliant Therapeutics, Inc. | 2.25% |
| Heritage-Crystal Clean, Inc. | 1.99% |
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 3.72% |
| Consumer Discretionary | 6.55% |
| Consumer Staples | 4.84% |
| Energy | 0.97% |
| Financials | 3.26% |
| Health Care | 36.36% |
| Industrials | 11.15% |
| Information Technology | 27.10% |
| Materials | 1.00% |
| Money Market Funds | 2.98% |
| Time Deposits | 0.33% |
| Repurchase Agreements | 1.74% |
| Total | 100.00% |

---

**Investments in Underlying Funds (unaudited)(continued)**

**Lord Abbett Research Fund Inc. - Small Cap Value Fund**

---

| | |
|:---|:---|
| **Ten Largest Holdings** | **% of Investments** |
| MRC Global, Inc. | 2.22% |
| Permian Resources Corp. | 2.18% |
| BellRing Brands, Inc. | 2.16% |
| Bancorp, Inc. (The) | 2.14% |
| Masonite International Corp. | 2.13% |
| International Money Express, Inc. | 2.12% |
| Organon & Co. | 2.08% |
| Kemper Corp. | 2.06% |
| Heritage Financial Corp. | 1.87% |
| Vita Coco Co., Inc. (The) | 1.87% |
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 4.14% |
| Consumer Discretionary | 6.93% |
| Consumer Staples | 6.70% |
| Energy | 6.52% |
| Financials | 24.36% |
| Health Care | 5.66% |
| Industrials | 18.28% |
| Information Technology | 11.50% |
| Materials | 6.58% |
| Real Estate | 4.66% |
| Utilities | 2.14% |
| Repurchase Agreements | 2.53% |
| Total | 100.00% |
| **Lord Abbett Securities Trust - Value Opportunities Fund** |  |
| **Ten Largest Holdings** | **% of Investments** |
| Molina Healthcare, Inc. | 2.39% |
| American Financial Group, Inc./OH | 2.28% |
| Chesapeake Energy Corp. | 2.24% |
| AerCap Holdings NV | 2.20% |
| BJ's Wholesale Club Holdings, Inc. | 2.17% |
| STERIS plc | 2.15% |
| EMCOR Group, Inc. | 1.98% |
| First Industrial Realty Trust, Inc. | 1.97% |
| Allegion plc | 1.92% |
| CommVault Systems, Inc. | 1.88% |

---

**Investments in Underlying Funds (unaudited)(concluded)**

---

| | |
|:---|:---|
| **Holdings by Sector** | **% of Investments** |
| Communication Services | 1.21% |
| Consumer Discretionary | 9.61% |
| Consumer Staples | 3.00% |
| Energy | 5.55% |
| Financials | 16.77% |
| Health Care | 13.78% |
| Industrials | 17.77% |
| Information Technology | 13.44% |
| Materials | 7.94% |
| Real Estate | 6.50% |
| Utilities | 3.10% |
| Repurchase Agreements | 1.33% |
| Total | 100.00% |

---

QPHR-SET-1Q

(03/23)

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LORD ABBETT SECURITIES TRUST

- **b. Investment Company Act file number:** 811-07538

- **c. CIK number of Registrant:** 0000898031

- **d. LEI of Registrant:** 5493002HV0D15KTWO412

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 90 HUDSON STREET

  - **City:** JERSEY CITY

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07302

  - **Telephone number:** 201-827-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Lord Abbett International Opportunities Fund

- **b. EDGAR series identifier (if any):** S000007183

- **c. LEI of Series:** DJROU6QIURETNZO2HV24

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $341999093.19

**Total Liabilities:** $700648.82

**Net Assets:** $341298444.37

**Cash Not Reported:** $205368.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000184538 | 12.20%               | -1.48%               | 8.74%                |
| Class ID C000019660 | 12.04%               | -1.53%               | 8.64%                |
| Class ID C000019661 | 12.12%               | -1.50%               | 8.71%                |
| Class ID C000019662 | 12.15%               | -1.46%               | 8.73%                |
| Class ID C000054939 | 12.16%               | -1.55%               | 8.70%                |
| Class ID C000155679 | 12.08%               | -1.47%               | 8.76%                |
| Class ID C000054937 | 12.13%               | -1.49%               | 8.79%                |
| Class ID C000155681 | 12.20%               | -1.48%               | 8.80%                |
| Class ID C000019658 | 12.09%               | -1.49%               | 8.77%                |
| Class ID C000054938 | 12.09%               | -1.54%               | 8.76%                |
| Class ID C000155680 | 12.16%               | -1.46%               | 8.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3516627.54             | $40177067.46                               |
| Month 2  | $574996.66               | $-5981538.17                               |
| Month 3  | $-6666887.95             | $34030924.15                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fujitec Co Ltd                            | Fujitec Co Ltd                                         | CUSIP: 000000000<br>LEI: 353800YTI2P5MIZAV086 | Long             | EC               | CORP              | JP        |     76300 | NS      | $1890498.46   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                | FIXED INC CLEARING CORP.REPO                           | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   7791446 | PA      | $7791446.15   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Applus Services SA                        | Applus Services SA                                     | CUSIP: 000000000<br>LEI: 213800M9XCA6NR98E873 | Long             | EC               | CORP              | ES        |    260637 | NS      | $2000325.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| REN - Redes Energeticas Nacionais SGPS SA | REN - Redes Energeticas Nacionais SGPS SA              | CUSIP: 000000000<br>LEI: 549300FR1FN48IGHR915 | Long             | EC               | CORP              | PT        |   2064820 | NS      | $5675094.36   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Autoliv Inc                               | Autoliv Inc                                            | CUSIP: 000000000<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |     35136 | NS      | $3231806.81   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Energean PLC                              | Energean PLC                                           | CUSIP: 000000000<br>LEI: 549300RVMKU0CYUZBB05 | Long             | EC               | CORP              | GB        |    239685 | NS      | $3442523.01   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp                           | MEG Energy Corp                                        | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    321400 | NS      | $5311777.84   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Corp            | Brookfield Infrastructure Corp                         | CUSIP: 11275Q107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    189800 | NS      | $8383409.87   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Crayon Group Holding ASA                  | Crayon Group Holding ASA                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZXI98043 | Long             | EC               | CORP              | NO        |    105018 | NS      | $1057732.85   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Pakuwon Jati Tbk PT                       | Pakuwon Jati Tbk PT                                    | CUSIP: 000000000<br>LEI: 254900GUXQAQB065PM73 | Long             | EC               | CORP              | ID        | 136152200 | NS      | $4072380.42   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Aica Kogyo Co Ltd                         | Aica Kogyo Co Ltd                                      | CUSIP: 000000000<br>LEI: 353800I589BKZAOJD116 | Long             | EC               | CORP              | JP        |    141300 | NS      | $3417062.75   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA              | Gaztransport Et Technigaz SA                           | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     36003 | NS      | $3980354.37   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tate & Lyle PLC                           | Tate & Lyle PLC                                        | CUSIP: 000000000<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |    368531 | NS      | $3431782.82   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nichirei Corp                             | Nichirei Corp                                          | CUSIP: 000000000<br>LEI: 529900MX3GPXXKO0MT06 | Long             | EC               | CORP              | JP        |    199500 | NS      | $4174622.75   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corp                       | Sanwa Holdings Corp                                    | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |    355600 | NS      | $3764528.99   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd               | Tel Aviv Stock Exchange Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    348426 | NS      | $2104782.65   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                                | ANDRITZ AG                                             | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |    131969 | NS      | $7891945.51   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Chemring Group PLC                        | Chemring Group PLC                                     | CUSIP: 000000000<br>LEI: 213800U9A54VQJ5P2J41 | Long             | EC               | CORP              | GB        |   1075381 | NS      | $3738707.92   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WONIK IPS Co Ltd                          | WONIK IPS Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    116798 | NS      | $2951991.73   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Marel HF                                  | Marel HF                                               | CUSIP: 000000000<br>LEI: 5299008YTLEN09WTHW26 | Long             | EC               | CORP              | IS        |    948142 | NS      | $3669551.44   | 1.08%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Buzzi Unicem SpA                          | Buzzi Unicem SpA                                       | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     70850 | NS      | $1595412.39   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Vidrala SA                                | Vidrala SA                                             | CUSIP: 000000000<br>LEI: 95980020140005399488 | Long             | EC               | CORP              | ES        |     40903 | NS      | $4126089.43   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                      | Capstone Copper Corp                                   | CUSIP: 000000000<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |   1320500 | NS      | $6480677.16   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecan Group AG                            | Tecan Group AG                                         | CUSIP: 000000000<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |     13721 | NS      | $5758344.72   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| PALTAC Corp                               | PALTAC Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    146300 | NS      | $5297092.79   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Britvic PLC                               | Britvic PLC                                            | CUSIP: 000000000<br>LEI: 635400L3NVMYD4BVCI53 | Long             | EC               | CORP              | GB        |    498928 | NS      | $4779351.45   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Loomis AB                                 | Loomis AB                                              | CUSIP: 000000000<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |    195906 | NS      | $5825737.48   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnoPro Holdings Inc                    | TechnoPro Holdings Inc                                 | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    118200 | NS      | $3680176.62   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Brembo SpA                                | Brembo SpA                                             | CUSIP: 000000000<br>LEI: 549300BLWVJN2BAT0A44 | Long             | EC               | CORP              | IT        |    298086 | NS      | $4024192.76   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                                 | Sulzer AG                                              | CUSIP: 000000000<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |     16456 | NS      | $1401289.09   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerresheimer AG                           | Gerresheimer AG                                        | CUSIP: 000000000<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     75511 | NS      | $5584347.51   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals PLC                | Dechra Pharmaceuticals PLC                             | CUSIP: 000000000<br>LEI: 213800J4UVB5OWG8VX82 | Long             | EC               | CORP              | GB        |     50992 | NS      | $1808489.62   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera SAB de CV                         | Gentera SAB de CV                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   3360320 | NS      | $4104371.10   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                      | Big Yellow Group PLC                                   | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    240533 | NS      | $3587596.83   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Okinawa Cellular Telephone Co             | Okinawa Cellular Telephone Co                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    237200 | NS      | $5739084.61   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                            | Rheinmetall AG                                         | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |     20495 | NS      | $4788811.35   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Ubisoft Entertainment SA                  | Ubisoft Entertainment SA                               | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |     90990 | NS      | $1884088.67   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                | Freenet AG                                             | CUSIP: 000000000<br>LEI: 5299003GLDODCVP8DO20 | Long             | EC               | CORP              | DE        |    174319 | NS      | $4237563.90   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Breedon Group PLC                         | Breedon Group PLC                                      | CUSIP: 000000000<br>LEI: 213800ZQKCIVCPN9H229 | Long             | EC               | CORP              | JE        |   3736324 | NS      | $3165167.30   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Salvatore Ferragamo SpA                   | Salvatore Ferragamo SpA                                | CUSIP: 000000000<br>LEI: 5493005GRP0FEE3NRI35 | Long             | EC               | CORP              | IT        |    242181 | NS      | $4806185.31   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicat SA                                  | Vicat SA                                               | CUSIP: 000000000<br>LEI: 9695009YI1863TOVDP79 | Long             | EC               | CORP              | FR        |    104455 | NS      | $2916757.53   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| IPH Ltd                                   | IPH Ltd                                                | CUSIP: 000000000<br>LEI: 529900KRTADQ17ANK140 | Long             | EC               | CORP              | AU        |    691138 | NS      | $4180382.10   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SHO-BOND Holdings Co Ltd                  | SHO-BOND Holdings Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     76800 | NS      | $3276757.85   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| MYT Netherlands Parent BV                 | MYT Netherlands Parent BV                              | CUSIP: 55406W103<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |    100244 | NS      | $1168845.04   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Stroeer SE & Co KGaA                      | Stroeer SE & Co KGaA                                   | CUSIP: 000000000<br>LEI: 529900MBF3N1ATE55378 | Long             | EC               | CORP              | DE        |     76136 | NS      | $4174606.01   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DMG Mori Co Ltd                           | DMG Mori Co Ltd                                        | CUSIP: 000000000<br>LEI: 353800P4I3FIXTQV2E13 | Long             | EC               | CORP              | JP        |    275200 | NS      | $4203466.32   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Investments                      | Fidelity Investments Money Market Government Portfolio | CUSIP: 31607A703<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | RF                | US        |     11880 | NS      | $11880.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Esker SA                                  | Esker SA                                               | CUSIP: 000000000<br>LEI: 969500VMAA9YBAGPU774 | Long             | EC               | CORP              | FR        |     10875 | NS      | $1815773.45   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Info Systems Ltd                      | CMS Info Systems Ltd                                   | CUSIP: 000000000<br>LEI: 335800CJKQ8UKRCDKY63 | Long             | EC               | CORP              | IN        |    448550 | NS      | $1694483.39   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                       | Resona Holdings Inc                                    | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    679600 | NS      | $3760718.62   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GUD Holdings Ltd                          | GUD Holdings Ltd                                       | CUSIP: 000000000<br>LEI: 254900KHH5GGEGUIZS22 | Long             | EC               | CORP              | AU        |    616724 | NS      | $3663687.47   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC Business Consultants Co Ltd          | OBIC Business Consultants Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     83900 | NS      | $3294945.50   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella International Holdings Ltd         | Stella International Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    654432 | NS      | $660178.31    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Shizuoka Financial Group Inc              | Shizuoka Financial Group Inc                           | CUSIP: 000000000<br>LEI: 353800MNO5C8V2SHGA81 | Long             | EC               | CORP              | JP        |    386400 | NS      | $3273439.33   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Simplex Holdings Inc                      | Simplex Holdings Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    230300 | NS      | $4045695.68   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co Ltd                       | Kansai Paint Co Ltd                                    | CUSIP: 000000000<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |    284900 | NS      | $4012281.07   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Bottlers Japan Holdings Inc     | Coca-Cola Bottlers Japan Holdings Inc                  | CUSIP: 000000000<br>LEI: 353800XN1G90665VTQ16 | Long             | EC               | CORP              | JP        |    291500 | NS      | $3069164.59   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Virgin Money UK PLC                       | Virgin Money UK PLC                                    | CUSIP: 000000000<br>LEI: 213800ZK9VGCYYR6O495 | Long             | EC               | CORP              | GB        |    773180 | NS      | $1849990.31   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Grafton Group PLC                         | Grafton Group PLC                                      | CUSIP: 000000000<br>LEI: 635400BE9SBAG61DJ963 | Long             | EC               | CORP              | IE        |    197334 | NS      | $2239927.71   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                               | CITIBANK NA DDCA                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | RF                | US        |      1320 | NS      | $1320.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordic Semiconductor ASA                  | Nordic Semiconductor ASA                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJGFK95 | Long             | EC               | CORP              | NO        |    132504 | NS      | $2112915.89   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                            | BAWAG Group AG                                         | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     66863 | NS      | $4141816.76   | 1.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Money Forward Inc                         | Money Forward Inc                                      | CUSIP: 000000000<br>LEI: 35380017JS3GIGP6WN95 | Long             | EC               | CORP              | JP        |     78800 | NS      | $2922176.24   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Group PLC/Jersey                      | Man Group PLC/Jersey                                   | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | JE        |   1645213 | NS      | $5061422.01   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Concentric AB                             | Concentric AB                                          | CUSIP: 000000000<br>LEI: 5493002G9GMTKIP3PW19 | Long             | EC               | CORP              | SE        |    193053 | NS      | $4103437.82   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| UTI Asset Management Co Ltd               | UTI Asset Management Co Ltd                            | CUSIP: 000000000<br>LEI: 335800IDIB9I5HRFZP97 | Long             | EC               | CORP              | IN        |    328332 | NS      | $2994517.07   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| OSG Corp                                  | OSG Corp                                               | CUSIP: 000000000<br>LEI: 353800IWJAOVAFO6X450 | Long             | EC               | CORP              | JP        |    297300 | NS      | $4666093.23   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Montana Aerospace AG                      | Montana Aerospace AG                                   | CUSIP: 000000000<br>LEI: 506700YRG9330Q97U450 | Long             | EC               | CORP              | CH        |    152962 | NS      | $2799510.19   | 0.82%             |  |  |  | Yes           |                  2 | On Loan: No      |
| B&M European Value Retail SA              | B&M European Value Retail SA                           | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | LU        |    966605 | NS      | $5345627.90   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Smith PLC                              | WH Smith PLC                                           | CUSIP: 000000000<br>LEI: 2138001KJNGUJ34G7X91 | Long             | EC               | CORP              | GB        |    200107 | NS      | $3951623.86   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tricon Residential Inc                    | Tricon Residential Inc                                 | CUSIP: 89612W102<br>LEI: 984500EFFDE9C3A9G721 | Long             | EC               | CORP              | CA        |    325500 | NS      | $2825542.07   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE                                | AIXTRON SE                                             | CUSIP: 000000000<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |    150949 | NS      | $4497606.58   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Tabungan Negara Persero Tbk PT       | Bank Tabungan Negara Persero Tbk PT                    | CUSIP: 000000000<br>LEI: 2549009BLYOGL9ZLAW17 | Long             | EC               | CORP              | ID        |  19974700 | NS      | $1817091.77   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services Inc          | Intercorp Financial Services Inc                       | CUSIP: 000000000<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PA        |     89356 | NS      | $2143650.44   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Zuken Inc                                 | Zuken Inc                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    120800 | NS      | $2948002.12   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Interparfums SA                           | Interparfums SA                                        | CUSIP: 000000000<br>LEI: 969500SARWF33OPQED48 | Long             | EC               | CORP              | FR        |     59337 | NS      | $3884218.24   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA                    | Brunello Cucinelli SpA                                 | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     58839 | NS      | $4900732.01   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SIG Group AG                              | SIG Group AG                                           | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    107363 | NS      | $2661095.10   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| TIS Inc                                   | TIS Inc                                                | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |     60800 | NS      | $1753189.37   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Saizeriya Co Ltd                          | Saizeriya Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    112600 | NS      | $2791239.16   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                      | Banca Mediolanum SpA                                   | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |    458090 | NS      | $4382735.77   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd                   | Lancashire Holdings Ltd                                | CUSIP: 000000000<br>LEI: 5493002UNUYXLHOWF752 | Long             | EC               | CORP              | BM        |    415796 | NS      | $3209578.16   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Soulbrain Co Ltd                          | Soulbrain Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23157 | NS      | $4421702.71   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NS Solutions Corp                         | NS Solutions Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    150400 | NS      | $3871071.80   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ConvaTec Group PLC                        | ConvaTec Group PLC                                     | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    927138 | NS      | $2689133.29   | 0.79%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Melco International Development Ltd       | Melco International Development Ltd                    | CUSIP: 000000000<br>LEI: 5299005YLKSGQRHYMI33 | Long             | EC               | CORP              | HK        |   2649000 | NS      | $3447404.34   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Genus PLC                                 | Genus PLC                                              | CUSIP: 000000000<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     84269 | NS      | $3022468.97   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirent Communications PLC                | Spirent Communications PLC                             | CUSIP: 000000000<br>LEI: 213800HKCUNWP1916L38 | Long             | EC               | CORP              | GB        |    743106 | NS      | $2013885.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| CI Financial Corp                         | CI Financial Corp                                      | CUSIP: 125491100<br>LEI: 549300M9W7JJQSVCEM78 | Long             | EC               | CORP              | CA        |    336900 | NS      | $4018340.54   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Mills Ltd/The                     | Phoenix Mills Ltd/The                                  | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    193809 | NS      | $3249231.94   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA                      | Banco de Sabadell SA                                   | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |   3358713 | NS      | $4391058.74   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Senior PLC                                | Senior PLC                                             | CUSIP: 000000000<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |   1573022 | NS      | $2959370.91   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Axfood AB                                 | Axfood AB                                              | CUSIP: 000000000<br>LEI: 549300QIXCZWZLHE8L05 | Long             | EC               | CORP              | SE        |     81593 | NS      | $2101487.47   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Interfor Corp                             | Interfor Corp                                          | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |    148100 | NS      | $2961888.69   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Bank Ltd                          | Federal Bank Ltd                                       | CUSIP: 000000000<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |   1989616 | NS      | $3283115.65   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Air New Zealand Ltd                       | Air New Zealand Ltd                                    | CUSIP: 000000000<br>LEI: 2549005EEIR2FNT5R792 | Long             | EC               | CORP              | NZ        |   8339526 | NS      | $4192727.25   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** LORD ABBETT SECURITIES TRUST

**Signature:** Michael Hebert

**Name of Signer:** Michael Hebert

**Title:** Chief Financial Officer