N-CSRS 1 d806613dncsrs.htm TIAA-CREF FUNDS TIAA-CREF Funds

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-09301

TIAA-CREF FUNDS

(Exact Name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206

(Address of Principal Executive Offices) (Zip code)

Jeremy D. Franklin, Esq.

TIAA-CREF Funds

8500 Andrew Carnegie Blvd.

Charlotte, North Carolina 28262-8500

(Name and address of agent for service)

Registrant’s telephone number, including area code: 704-595-1000

Date of fiscal year end: October 31

Date of reporting period: April 30, 2024

 


Item 1. Reports to Stockholders.

 


Equity
Funds
Nuveen
Semi-Annual
Report
Mutual
Funds
April
30,
2024
This
semi-annual
report
contains
the
Funds'
unaudited financial
statements.
Effective
May
1,
2024
and
May
6,
2024,
the
names
of
the
Funds
and
the
names
of
certain
share
classes,
respectively,
changed,
and
all
references
to
the
former
names
in
this
report
have
changed.
Refer
to
Important
Notices
in
this
report
for
more
information.
Fund
Name
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
2.1
Nuveen
Core
Equity
Fund
TIIRX
TGIHX
TRPGX
TIGRX
TRGIX
TGIWX
2.2
Nuveen
Large
Cap
Growth
Fund
TIRTX
TILHX
TILPX
TILGX
TILRX
TILWX
2.3
Nuveen
Large
Cap
Value
Fund
TCLCX
TRLHX
TRCPX
TRLIX
TRLCX
TRLWX
2.4
Nuveen
Mid
Cap
Growth
Fund
TCMGX
TCMHX
TRGPX
TRPWX
TRGMX
2.5
Nuveen
Mid
Cap
Value
Fund
TCMVX
TRVHX
TRVPX
TIMVX
TRVRX
2.6
Nuveen
Quant
Small
Cap
Equity
Fund
TCSEX
TSCHX
TSRPX
TISEX
TRSEX
TSCWX
2.7
Nuveen
Quant
Small/Mid
Cap
Equity
Fund
TSMEX
TSMNX
TSMMX
TSMWX
TSMOX
TSMUX
2.8
Nuveen
Large
Cap
Responsible
Equity
Fund
TICRX
TICHX
TRPSX
TISCX
TRSCX
2.9
Nuveen
Social
Choice
Low
Carbon
Equity
Fund
TLWCX
TCCHX
TPWCX
TNWCX
TEWCX
3.01
Nuveen
Emerging
Markets
Equity
Fund
TEMRX
TEMHX
TEMPX
TEMLX
TEMSX
TEMVX
3.1
Nuveen
International
Equity
Fund
TIERX
TIEHX
TREPX
TIIEX
TRERX
TIEWX
3.2
Nuveen
International
Opportunities
Fund
TIOSX
TIOHX
TIOPX
TIOIX
TIOTX
TIOVX
3.3
Nuveen
Quant
International
Small
Cap
Equity
Fund
TLISX
TAISX
TPISX
TIISX
TTISX
TAIWX
3.4
Nuveen
International
Responsible
Equity
Fund
TSORX
TSOHX
TSOPX
TSONX
TSOEX
Table
of
Contents
Important
Notices
3
About
the
Funds’
Benchmarks
6
Fund
Performance
8
Expense
Examples
22
Portfolios
of
Investments
28
Statement
of
Assets
and
Liabilities
102
Statement
of
Operations
110
Statement
of
Changes
in
Net
Assets
114
Financial
Highlights
120
Notes
to
Financial
Statements
148
Additional
Fund
Information
168
Shareholder
Meeting
Report
169
Approval
of
Investment
Management
Agreement
170
Liquidity
Risk
Management
Program
181
Additional
Information
About
Index
Providers
182
Important
Notices
3
Portfolio
Manager
Commentaries
in
Semi-annual
Shareholder
Reports 
The
Funds
include
portfolio
manager
commentary
in
their
annual
shareholder
reports.
For
the
Funds’
most
recent
annual
portfolio
manager
discussion,
please
refer
to
the
Portfolio
Managers’
Comments
section
of
each
Fund’s
October
31,
2023
annual
shareholder
report.
For
current
information
on
your
Fund’s
investment
objectives,
portfolio
management
team
and
average
annual
total
returns
please
refer
to
the
Fund’s
website
at
www.nuveen.com.
For
changes
that
occurred
to
your
Fund
both
during
and
subsequent
to
this
reporting
period,
please
refer
to
the
Notes
to
Financial
Statements
section
of
this
report.
For
average
annual
total
returns
as
of
the
end
of
this
reporting
period,
please
refer
to
the
Fund
Performance
section
within
this
report.
Securities
and
Exchange
Commission
(the
“SEC”)
Adopts
Amendments
for
Tailored
Shareholder
Reports
On
October
26,
2022,
the
SEC
adopted
rule
and
form
amendments
(the
“Amendments”)
that
require
mutual
funds
and
exchange-
traded
funds
registered
on
Form
N-1A
to
provide
shareholders
with
streamlined
annual
and
semi-annual
shareholder
reports
(“Tailored
Shareholder
Reports”). The
Amendments
require
funds
to
prepare
a
separate
Tailored
Shareholder
Report
for
each
share
class
of
each
series
of
a
fund.
As
a
result,
shareholders
will
receive
a
report
that
covers
only
the
class
of
a
multi-class
fund
in
which
the
shareholder
invests.
Tailored
Shareholder
Reports
are
meant
to
be
three
to
four
pages
in
length
and
will
highlight
key
information
such
as
a
fund’s
expenses,
performance
and
portfolio
holdings.
Other,
more
detailed
information
that
currently
appears
in
fund
shareholder
reports
will
be
made
available
online,
filed
with
the
SEC,
and
delivered
to
investors
free
of
charge
in
paper
or
electronically
upon
request.
The
first
Tailored
Shareholder
Reports
to
be
prepared
for
these
Funds
will
be
for
the
reporting
period
ended
October
31,
2024.
Fund
Name
and
Share
Class
Name
Changes
In
January
2024,
the
Funds’
Board
of
Trustees
approved
the
following
changes
for
the
Funds.
Refer
to
the
Funds’
supplemented
prospectus
dated
May
6,
2024
for
further
information.
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
changed
as
follows:
New
Name
Former
Name
Nuveen
Core
Equity
Fund
Nuveen
Large
Cap
Growth
Fund
Nuveen
Large
Cap
Value
Fund
Nuveen
Mid
Cap
Growth
Fund
Nuveen
Mid
Cap
Value
Fund
Nuveen
Quant
Small
Cap
Equity
Fund
Nuveen
Quant
Small/Mid
Cap
Equity
Fund
Nuveen
Large
Cap
Responsible
Equity
Fund
Nuveen
Social
Choice
Low
Carbon
Equity
Fund
Nuveen
Emerging
Markets
Equity
Fund
Nuveen
International
Equity
Fund
Nuveen
International
Opportunities
Fund
Nuveen
Quant
International
Small
Cap
Equity
Fund
Nuveen
International
Responsible
Equity
Fund
TIAA-CREF
Growth
&
Income
Fund
TIAA-CREF
Large-Cap
Growth
Fund
TIAA-CREF
Large-Cap
Value
Fund
TIAA-CREF
Mid-Cap
Growth
Fund
TIAA-CREF
Mid-Cap
Value
Fund
TIAA-CREF
Quant
Small-Cap
Equity
Fund
TIAA-CREF
Quant
Small/Mid-Cap
Equity
Fund
TIAA-CREF
Social
Choice
Equity
Fund
TIAA-CREF
Social
Choice
Low
Carbon
Equity
Fund
TIAA-CREF
Emerging
Markets
Equity
Fund
TIAA-CREF
International
Equity
Fund
TIAA-CREF
International
Opportunities
Fund
TIAA-CREF
Quant
International
Small-Cap
Equity
Fund
TIAA-CREF
Social
Choice
International
Equity
Fund
Important
Notices
(continued)
4
Investment
Objective
and
Investment
Policy
Changes
Nuveen
Core
Equity
Fund
Investment
objective
update
effective
March
1,
2024
Nuveen
Large
Cap
Responsible
Equity
Fund
Investment
objective
update
effective
March
1,
2024
Benchmark
update
effective
March
1,
2024
Investment
policy
statement
update
effective
May
1,
2024
Nuveen
International
Responsibility
Equity
Fund
Investment
policy
statement
update
effective
May
1,
2024
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
Sales
Charge:
Effective
May
6,
2024,
a
sales
charge
is
imposed
on
purchases
of
Class
A
shares
(formerly
Retail
Class
shares)
of
the
Funds
of
less
than
certain
amounts,
as
set
forth
in
the
Funds’
prospectus.
Therefore,
effective
as
of
May
6,
2024,
Class
A
shares
are
available
for
purchase
at
the
offering
price,
which
will
be
the
net
asset
value
(“NAV”)
per
share
plus
an
up-front
sales
charge.
Shareholders
with
an
account
held
directly
with
a
Fund
that
held
Class
A
shares
of
the
Funds
prior
to
May
6,
2024
will
not
be
subject
to
the
sales
charge
on
any
future
purchases
or
redemptions
of
Class
A
shares
of
that
Fund
or
any
other
fund
that
is
a
series
of
the
TIAA-CREF
Funds
or
is
a
Nuveen
Fund
in
their
account.
Such
shareholders
will
be
able
to
purchase
Class
A
shares
at
NAV.
Management
Fees
Effective
May
1,
2024,
the
management
fee
schedule
for
each
Fund
(other
than
Nuveen
Large
Cap
Responsible
Equity
Fund)
consists
of
two
components:
a
Fund-level
fee,
based
only
on
the
amount
of
assets
within
a
Fund,
and
a
complex-level
fee,
based
on
the
aggregate
amount
of
all
eligible
assets
managed
by
Teachers
Advisors,
LLC
and
Nuveen
Fund
Advisors,
LLC.
As
of
May
1,
2024,
each
such
Fund’s
overall
complex-level
fee
begins
at
a
maximum
rate
of
0.1600%
of
each
Fund’s
average
daily
net
assets,
with
breakpoints
for
eligible
complex-level
assets
above
$124.3
billion.
Therefore,
the
maximum
management
fee
rate
for
each
such
Fund
is
the
fund-level
fee,
effective
as
of
May
1,
2024,
listed
within
this
report
plus
0.1600%.
Refer
to
the
Notes
to
Financial
Statements
within
this
report
for
further
details
on
the
Funds’
management
fees.
Nuveen
Large
Cap
Responsible
Equity
Fund
Benchmark
Changes
Effective
March
1,
2024,
the
Fund’s
primary
benchmark
changed
to
the
S&P
500
Index
from
the
Russell
3000
Index.
The
returns
of
the
S&P
500
Index
are
more
appropriate
for
comparison
purposes
due
to
a
change
in
the
Fund’s
investment
strategies
to
attempt
to
achieve
the
return
of
the
U.S.
stock
market
as
represented
by
the
S&P
500
Index,
while
taking
into
consideration
certain
environmental,
social
and
governance
(“ESG”)
criteria,
which
include
criteria
related
to
carbon
emissions
and
fuel
reserves.
The
Russell
3000
Index
is
an
all-cap
index
that
provides
a
complete
view
of
the
U.S.
equity
market.
The
S&P
500
Index
is
a
large-cap
index
that
provides
a
view
of
the
500
leading
companies
and
covers
approximately
80%
of
available
market
cap.
Nuveen
Mid
Cap
Value
Fund
Portfolio
Manager
Update
Effective
March
1,
2024,
Karen
Bowie,
CFA
and
David
Johnson,
CFA
were
added
as
portfolio
managers
of
the
Nuveen
Mid
Cap
Value
Fund.
There
were
no
other
changes
to
the
portfolio
management
of
the
Fund
during
the
reporting
period.
New
Name
Former
Name
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
5
Events
that
Occurred
Subsequent
to
the
Reporting
Period
Portfolio
Manager
Updates
Effective
June
18,
2024,
Lei
Lao
retired
and
is
no
longer
a
portfolio
manager
of
the
Funds
listed
below.
Additionally,
effective
June
18,
2024,
Nazar
Romanyak,
CFA
has
been
added
as
a
portfolio
manager
of
the
Funds
listed
below.
Nuveen
Large
Cap
Responsible
Equity
Nuveen
Social
Choice
Low
Equity
Nuveen
International
Responsible
Equity
About
the
Funds’
Benchmarks
6
Broad
market
indexes
Russell
3000®
Index:
An
index
designed
to
measure
the
performance
of
the
stocks
of
the
3,000
largest
publicly
traded
U.S.
companies,
based
on
market
capitalization.
The
index
measures
the
performance
of
about
98%
of
the
total
market
capitalization
of
the
publicly
traded
U.S.
equity
market.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
All
Country
World
ex
USA
Index:
An
index
designed
to
measure
the
performance
of
large
and
mid-cap
securities
across
22
of
23
developed
market
countries
(excluding
the
U.S.)
and
24
emerging
market
countries.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
EAFE®
(Europe,
Australasia,
Far
East)
Index:
An
index
designed
to
measure
the
performance
of
large
and
mid-cap
securities
across
21
developed
market
countries,
excluding
the
U.S.
and
Canada.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
Emerging
Markets
Index:
An
index
designed
to
measure
the
performance
of
large
and
mid-cap
equity
securities
across
24
emerging
market
countries.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Large-cap
indexes
S&P
500®
Index:
An
index
generally
considered
representative
of
the
U.S.
equity
market.
The
index
includes
500
leading
companies
and
covers
approximately
80%
of
available
market
capitalization.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Russell
1000®
Growth
Index:
An
index
designed
to
measure
the
performance
of
the
large-cap
growth
segment
of
the
U.S.
equity
universe.
It
includes
those
Russell
1000
companies
with
higher
price-to-book
ratios
and
higher
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Russell
1000
Value
Index:
An
index
designed
to
measure
the
performance
of
the
large-cap
value
segment
of
the
U.S.
equity
universe.
It
includes
those
Russell
1000
companies
with
lower
price-to-book
ratios
and
lower
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Mid-cap
indexes
Russell
Midcap®
Growth
Index:
An
index
designed
to
measure
the
performance
of
the
mid-cap
growth
segment
of
the
U.S.
equity
universe,
and
includes
those
Russell
Midcap®
Index
companies
with
higher
price-to-book
ratios
and
higher
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Russell
Midcap
Value
Index:
An
index
designed
to
measure
the
performance
of
the
mid-cap
value
segment
of
the
U.S.
equity
universe,
and
includes
those
Russell
Midcap®
Index
companies
with
lower
price-to-book
ratios
and
lower
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Small/mid-cap
index
Russell
2500
Index:
An
index
designed
to
measure
the
performance
of
the
small
to
mid-cap
segment
of
the
U.S.
equity
universe.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Small-cap
indexes
Russell
2000®
Index:
An
index
designed
to
measure
the
performance
of
the
small-cap
segment
of
the
U.S.
equity
universe.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
ACWI
ex
USA
Small
Cap
Index:
An
index
designed
to
measure
the
performance
of
small-cap
stocks
in
22
developed-
markets
countries,
excluding
the
United
States,
and
24
emerging-markets
countries.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses.
For
additional
details
about
the
benchmark
indexes,
please
read
the
funds’
latest
prospectus.
7
London
Stock
Exchange
Group
plc
and
its
group
undertakings
(collectively,
the
“LSE
Group”).
©
LSE
Group
2024.
FTSE
Russell
is
a
trading
name
of
certain
of
the
LSE
Group
companies.
“FTSE®,”
“Russell®”
and
“FTSE
Russell®”
are
trademarks
of
the
relevant
LSE
Group
companies
and
are
used
by
any
other
LSE
Group
company
under
license.
All
rights
in
the
FTSE
Russell
indexes
or
data
vest
in
the
relevant
LSE
Group
company
which
owns
the
index
or
the
data.
Neither
LSE
Group
nor
its
licensors
accept
any
liability
for
any
errors
or
omissions
in
the
indexes
or
data
and
no
party
may
rely
on
any
indexes
or
data
contained
in
this
communication.
No
further
distribution
of
data
from
the
LSE
Group
is
permitted
without
the
relevant
LSE
Group
company’s
express
written
consent.
The
LSE
Group
does
not
promote,
sponsor
or
endorse
the
content
of
this
communication.
MSCI
makes
no
express
or
implied
warranties
or
representations
and
shall
have
no
liability
whatsoever
with
respect
to
any
MSCI
data
contained
herein.
This
report
is
not
approved,
reviewed
or
produced
by
MSCI.
S&P
500
is
a
registered
trademark
and
service
mark
of
Standard
&
Poor’s
Financial
Services,
LLC,
a
division
of
S&P
Global.
Core
Equity
Fund
8
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Core
Equity
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
3/31/06
24
.99
%
30
.88
%
13
.23
%
12
.10
%
0
.70
%
0
.70
%
Class
I
12/4/15
25
.09
31
.10
13
.43
12
.33
0
.50
0
.50
Premier
Class
9/30/09
25
.01
30
.97
13
.36
12
.25
0
.56
0
.56
Class
R6
7/1/99
25
.18
31
.26
13
.54
12
.42
0
.41
0
.41
Retirement
Class
10/1/02
24
.98
30
.89
13
.25
12
.14
0
.66
0
.66
Class
W
9/28/18
25
.38
31
.74
13
.99
12
.66
0
.41
0
.00
S&P
500®
Index
20
.98
22
.66
13
.19
12
.41
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
6.10
billion
Portfolio
turnover
rate
*
11%
Number
of
holdings
58
Weighted
median
market
capitalization
$184.76
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
22.8
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
25.5
Financials
18.5
Health
care
14.1
Consumer
discretionary
12.0
Industrials
7.9
Communication
services
7.6
Energy
5.7
Utilities
3.2
Materials
2.4
Real
estate
2.1
Consumer
staples
0.6
Short-term
investments
0.3
Other
assets
&
liabilities,
net
0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
74.7
More
than
$15
billion-$50
billion
23.2
More
than
$2
billion-$15
billion
2.1
Total
100.0
Large
Cap
Growth
Fund
9
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Large
Cap
Growth
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
3/31/06
23
.67
%
30
.76
%
13
.27
%
14
.09
%
0
.71
%
0
.71
%
Class
I
12/4/15
23
.82
31
.08
13
.49
14
.36
0
.50
0
.50
Premier
Class
9/30/09
23
.77
30
.89
13
.40
14
.25
0
.57
0
.57
Class
R6
3/31/06
23
.89
31
.14
13
.58
14
.43
0
.41
0
.41
Retirement
Class
3/31/06
23
.72
30
.85
13
.30
14
.13
0
.66
0
.66
Class
W
9/28/18
24
.10
31
.69
14
.03
14
.69
0
.41
0
.00
Russell
1000®
Growth
Index
23
.56
31
.80
16
.46
15
.48
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
5.95
billion
Portfolio
turnover
rate
*
14%
Number
of
holdings
59
Weighted
median
market
capitalization
$576.90
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
37.5
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
40.5
Consumer
discretionary
20.1
Communication
services
11.7
Health
care
8.7
Financials
6.6
Industrials
5.8
Consumer
staples
4.1
Energy
0.7
Materials
0.6
Short-term
investments
1.1
Other
assets
&
liabilities,
net
0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
89.7
More
than
$15
billion-$50
billion
9.1
More
than
$2
billion-$15
billion
1.0
$2
billion
or
less
0.2
Total
100.0
Large
Cap
Value
Fund
10
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Large
Cap
Value
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
10/1/02
19
.67
%
17
.40
%
10
.03
%
8
.02
%
0
.72
%
0
.72
%
Class
I
12/4/15
19
.80
17
.66
10
.28
8
.29
0
.49
0
.49
Premier
Class
9/30/09
19
.78
17
.57
10
.19
8
.19
0
.56
0
.56
Class
R6
10/1/02
19
.81
17
.73
10
.35
8
.35
0
.41
0
.41
Retirement
Class
10/1/02
19
.69
17
.41
10
.07
8
.08
0
.66
0
.66
Class
W
9/28/18
20
.08
18
.24
10
.80
8
.59
0
.41
0
.00
Russell
1000®
Value
Index
18
.42
13
.42
8
.60
8
.43
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
5.81
billion
Portfolio
turnover
rate
*
6%
Number
of
holdings
89
Weighted
median
market
capitalization
$137.42
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
19.1
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
25.9
Health
care
14.9
Industrials
14.0
Information
technology
11.6
Energy
8.4
Consumer
staples
5.9
Materials
4.8
Communication
services
4.6
Consumer
discretionary
4.5
Utilities
3.1
Real
estate
1.3
Short-term
investments
0.8
Other
assets
&
liabilities,
net
0.2
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
88.2
More
than
$15
billion-$50
billion
10.6
More
than
$2
billion-$15
billion
1.2
Total
100.0
Mid
Cap
Growth
Fund
11
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Mid
Cap
Growth
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
10/1/02
20
.32
%
12
.35
%
4
.76
%
7
.43
%
0
.80
%
0
.80
%
Class
I
12/4/15
20
.36
12
.58
4
.97
7
.69
0
.58
0
.58
Premier
Class
9/30/09
20
.44
12
.54
4
.92
7
.59
0
.64
0
.64
Class
R6
10/1/02
20
.46
12
.66
5
.07
7
.75
0
.49
0
.49
Retirement
Class
10/1/02
20
.29
12
.43
4
.80
7
.48
0
.74
0
.74
Russell
Midcap®
Growth
Index
24
.49
20
.70
9
.52
10
.85
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
995.38
million
Portfolio
turnover
rate
*
21%
Number
of
holdings
88
Weighted
median
market
capitalization
$21.20
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
28.2
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
24.0
Industrials
21.9
Health
care
17.3
Consumer
discretionary
15.5
Financials
9.0
Consumer
staples
5.0
Energy
4.0
Communication
services
3.2
Materials
1.2
Short-term
investments
0.8
Investments
purchased
with
collateral
from
securities
lending
2.6
Other
assets
&
liabilities,
net
-4.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
9.8
More
than
$15
billion-$50
billion
51.8
More
than
$2
billion-$15
billion
33.4
$2
billion
or
less
5.0
Total
100.0
Mid
Cap
Value
Fund
12
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Mid
Cap
Value
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
10/1/02
20
.26
%
15
.53
%
6
.63
%
6
.39
%
0
.77
%
0
.77
%
Class
I
12/4/15
20
.42
15
.67
6
.83
6
.62
0
.56
0
.56
Premier
Class
9/30/09
20
.33
15
.58
6
.77
6
.54
0
.61
0
.61
Class
R6
10/1/02
20
.44
15
.77
6
.94
6
.71
0
.46
0
.46
Retirement
Class
10/1/02
20
.35
15
.56
6
.68
6
.44
0
.71
0
.71
Russell
Midcap®
Value
Index
20
.97
14
.09
8
.06
7
.94
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
1.69
billion
Portfolio
turnover
rate
*
32%
Number
of
holdings
75
Weighted
median
market
capitalization
$21.81
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
19.1
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Industrials
24.8
Financials
21.0
Information
technology
10.2
Consumer
discretionary
9.5
Health
care
8.0
Utilities
7.8
Real
estate
7.1
Energy
5.3
Materials
4.2
Consumer
staples
1.9
Short-term
investments
0.1
Investments
purchased
with
collateral
from
securities
lending
0.6
Other
assets
&
liabilities,
net
-0.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
12.5
More
than
$15
billion-$50
billion
47.9
More
than
$2
billion-$15
billion
38.8
$2
billion
or
less
0.8
Total
100.0
Quant
Small
Cap
Equity
Fund
13
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Quant
Small
Cap
Equity
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
10/1/02
21
.44
%
17
.73
%
7
.84
%
8
.49
%
0
.72
%
0
.72
%
Class
I
12/4/15
21
.59
18
.01
8
.06
8
.75
0
.50
0
.50
Premier
Class
9/30/09
21
.56
17
.95
7
.99
8
.65
0
.57
0
.57
Class
R6
10/1/02
21
.67
18
.16
8
.15
8
.82
0
.42
0
.42
Retirement
Class
10/1/02
21
.53
17
.89
7
.88
8
.54
0
.67
0
.67
Class
W
9/28/18
21
.83
18
.64
8
.59
9
.06
0
.42
0
.00
Russell
2000®
Index
19
.66
13
.32
5
.83
7
.22
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
3.03
billion
Portfolio
turnover
rate
*
30%
Number
of
holdings
373
Weighted
median
market
capitalization
$2.89
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
39.8
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Industrials
18.2
Financials
15.4
Health
care
14.6
Information
technology
13.8
Consumer
discretionary
9.7
Energy
7.7
Real
estate
5.7
Materials
4.7
Consumer
staples
3.6
Communication
services
2.9
Utilities
1.8
Short-term
investments
1.9
Investments
purchased
with
collateral
from
securities
lending
0.5
Other
assets
&
liabilities,
net
-0.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
2.9
More
than
$2
billion-$15
billion
64.3
$2
billion
or
less
32.8
Total
100.0
Quant
Small/Mid
Cap
Equity
Fund
14
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Quant
Small/Mid
Cap
Equity
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
8/5/16
23
.43
%
22
.09
%
10
.96
%
11
.99
%
0
.79
%
0
.79
%
Class
I
8/5/16
23
.62
22
.39
11
.26
12
.33
0
.59
0
.59
Premier
Class
8/5/16
23
.56
22
.33
11
.18
12
.22
0
.64
0
.64
Class
R6
8/5/16
23
.66
22
.53
11
.35
12
.40
0
.47
0
.47
Retirement
Class
8/5/16
23
.50
22
.25
11
.09
12
.11
0
.72
0
.72
Class
W
9/28/18
23
.93
23
.00
11
.89
12
.78
0
.47
0
.00
Russell
2500™
Index
20
.39
14
.79
7
.64
9
.02
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
W
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
W
shown
for
these
periods
would
have
been
different
because
Class
W
has
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
1.27
billion
Portfolio
turnover
rate
*
37%
Number
of
holdings
362
Weighted
median
market
capitalization
$5.71
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
26.0
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Industrials
24.4
Financials
17.4
Information
technology
13.2
Consumer
discretionary
11.7
Health
care
10.3
Real
estate
6.4
Energy
5.6
Consumer
staples
3.5
Materials
3.2
Utilities
3.0
Communication
services
1.1
Short-term
investments
0.3
Investments
purchased
with
collateral
from
securities
lending
0.0
Other
assets
&
liabilities,
net
-0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
2.0
More
than
$15
billion-$50
billion
8.0
More
than
$2
billion-$15
billion
76.1
$2
billion
or
less
13.9
Total
100.0
Large
Cap
Responsible
Equity
Fund
15
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Large
Cap
Responsible
Equity
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
3/31/06
20
.85
%
20
.61
%
12
.03
%
10
.95
%
0
.46
%
0
.46
%
Class
I
12/4/15
20
.93
20
.88
12
.23
11
.19
0
.27
0
.27
Premier
Class
9/30/09
20
.92
20
.81
12
.14
11
.07
0
.35
0
.35
Class
R6
7/1/99
21
.01
20
.96
12
.32
11
.25
0
.18
0
.18
Retirement
Class
10/1/02
20
.88
20
.68
12
.05
10
.97
0
.43
0
.43
S&P
500®
Index
20
.98
22
.66
13
.19
12
.41
Russell
3000®
Index
21
.09
22
.30
12
.43
11
.81
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
Previously,
the
Fund
compared
its
performance
to
the
Russell
3000
Index,
instead
of
the
S&P
500
Index
shown
in
the
chart
above.
The
returns
of
the
S&P
500
Index
are
more
appropriate
for
comparison
purposes
due
to
a
change
in
the
Fund’s
investment
strategies
to
attempt
to
achieve
the
return
of
the
U.S.
stock
market
as
represented
by
the
S&P
500
Index,
while
taking
into
consideration
certain
ESG
criteria,
which
include
criteria
related
to
carbon
emissions
and
fuel
reserves.
as
of
4/30/2024
Net
assets
$
6.04
billion
Portfolio
turnover
rate
*
37%
Number
of
holdings
164
Weighted
median
market
capitalization
$130.87
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
26.5
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
28.7
Financials
15.6
Health
care
13.3
Industrials
10.8
Consumer
discretionary
8.9
Consumer
staples
7.0
Communication
services
6.6
Materials
3.6
Real
estate
2.5
Energy
1.5
Utilities
1.1
Short-term
investments
0.2
Investments
purchased
with
collateral
from
securities
lending
0.0
Other
assets
&
liabilities,
net
0.2
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
74.8
More
than
$15
billion-$50
billion
23.2
More
than
$2
billion-$15
billion
2.0
Total
100.0
Social
Choice
Low
Carbon
Equity
Fund
16
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Social
Choice
Low
Carbon
Equity
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
8/7/15
20
.32
%
20
.39
%
12
.40
%
11
.68
%
0
.58
%
0
.58
%
Class
I
12/4/15
20
.40
20
.60
12
.61
11
.93
0
.40
0
.40
Premier
Class
8/7/15
20
.41
20
.55
12
.56
11
.87
0
.45
0
.45
Class
R6
8/7/15
20
.46
20
.74
12
.74
12
.02
0
.30
0
.30
Retirement
Class
8/7/15
20
.31
20
.38
12
.44
11
.74
0
.55
0
.55
Russell
3000®
Index
21
.09
22
.30
12
.43
12
.08
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
1.15
billion
Portfolio
turnover
rate
*
11%
Number
of
holdings
336
Weighted
median
market
capitalization
$104.44
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
30.2
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
27.1
Financials
15.5
Health
care
13.3
Industrials
12.4
Consumer
discretionary
9.4
Consumer
staples
6.7
Communication
services
5.2
Real
estate
3.1
Materials
2.8
Energy
2.5
Utilities
1.3
Short-term
investments
0.7
Investments
purchased
with
collateral
from
securities
lending
0.1
Other
assets
&
liabilities,
net
-0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
69.2
More
than
$15
billion-$50
billion
21.1
More
than
$2
billion-$15
billion
8.6
$2
billion
or
less
1.1
Total
100.0
Emerging
Markets
Equity
Fund
17
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Emerging
Markets
Equity
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
8/31/10
12
.69
%
7
.93
%
-
0
.64
%
1
.39
%
1
.27
%
1
.27
%
Class
I
12/4/15
12
.81
8
.36
-
0
.34
1
.73
0
.98
0
.98
Premier
Class
8/31/10
12
.83
8
.23
-
0
.36
1
.65
1
.05
1
.05
Class
R6
8/31/10
12
.90
8
.44
-
0
.25
1
.79
0
.90
0
.90
Retirement
Class
8/31/10
12
.72
8
.10
-
0
.38
1
.60
1
.15
1
.15
Class
W
9/28/18
13
.41
9
.39
0
.62
2
.29
0
.90
0
.00
MSCI
Emerging
Markets
Index
15
.40
9
.88
1
.89
2
.96
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
1.70
billion
Portfolio
turnover
rate
*
46%
Number
of
holdings
68
Weighted
median
market
capitalization
$46.05
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
43.5
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
27.4
Consumer
discretionary
23.5
Financials
19.1
Communication
services
8.4
Energy
7.0
Consumer
staples
5.4
Industrials
3.6
Materials
3.2
Health
care
0.4
Short-term
investments
3.5
Investments
purchased
with
collateral
from
securities
lending
0.0
Other
assets
&
liabilities,
net
-1.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
47.7
More
than
$15
billion-$50
billion
28.8
More
than
$2
billion-$15
billion
11.6
$2
billion
or
less
11.9
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
China
25.3
India
16.7
Taiwan
13.0
Korea,
Republic
of
10.7
Brazil
10.5
Mexico
3.9
Hong
Kong
3.5
Indonesia
2.5
South
Africa
2.0
Macau
1.8
6
other
nations
6.7
Short-term
investments
3.4
Investments
purchased
with
collateral
from
securities
lending
0.0
Total
100.0
International
Equity
Fund
18
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
International
Equity
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
3/31/06
16
.57
%
9
.89
%
6
.49
%
3
.56
%
0
.81
%
0
.81
%
Class
I
12/4/15
16
.77
10
.20
6
.72
3
.81
0
.56
0
.56
Premier
Class
9/30/09
16
.71
10
.07
6
.67
3
.74
0
.61
0
.61
Class
R6
7/1/99
16
.88
10
.33
6
.83
3
.90
0
.46
0
.46
Retirement
Class
10/1/02
16
.68
10
.05
6
.58
3
.64
0
.71
0
.71
Class
W
9/28/18
17
.14
10
.79
7
.34
4
.17
0
.46
0
.00
MSCI
EAFE®
Index
18
.63
9
.28
6
.18
4
.38
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
6.83
billion
Portfolio
turnover
rate
*
11%
Number
of
holdings
67
Weighted
median
market
capitalization
$86.09
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
15.4
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
20.4
Health
care
15.8
Industrials
15.2
Consumer
discretionary
10.4
Information
technology
9.0
Materials
8.7
Energy
8.1
Consumer
staples
6.6
Communication
services
3.2
Utilities
1.6
Short-term
investments
0.9
Investments
purchased
with
collateral
from
securities
lending
0.0
Other
assets
&
liabilities,
net
0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
78.1
More
than
$15
billion-$50
billion
18.8
More
than
$2
billion-$15
billion
3.1
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Japan
24.5
France
11.6
United
States
9.5
Netherlands
7.1
Denmark
6.4
United
Kingdom
6.4
Germany
6.2
Australia
5.7
Switzerland
4.5
Spain
3.6
10
other
nations
13.6
Short-term
investments
0.9
Investments
purchased
with
collateral
from
securities
lending
0.0
Total
100.0
International
Opportunities
Fund
19
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
International
Opportunities
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
4/12/13
16.58%
4.84%
4.92%
4.76%
0
.90%
0.90%
Class
I
12/4/15
16.74
5.08
5.23
5.11
0.69
0.69
Premier
Class
4/12/13
16.61
4.93
5.19
5.03
0.76
0.76
Class
R6
4/12/13
16.74
5.18
5.32
5.18
0.60
0.60
Retirement
Class
4/12/13
16.63
4.87
5.18
4.98
0.85
0.85
Class
W
9/28/18
17.11
5.80
5.97
5.54
0.60
0.00
MSCI
All
Country
World
ex
USA
Index
17.69
9.32
5.03
3.93
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
2.43
billion
Portfolio
turnover
rate
*
13%
Number
of
holdings
90
Weighted
median
market
capitalization
$43.00
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
23.3
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Consumer
discretionary
18.1
Information
technology
18.0
Financials
14.5
Health
care
10.4
Industrials
9.7
Consumer
staples
8.2
Materials
7.8
Energy
7.5
Communication
services
2.7
Real
estate
0.7
Short-term
investments
2.1
Investments
purchased
with
collateral
from
securities
lending
1.7
Other
assets
&
liabilities,
net
-1.4
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
39.1
More
than
$15
billion-$50
billion
35.6
More
than
$2
billion-$15
billion
22.6
$2
billion
or
less
2.7
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Canada
11.4
Japan
11.2
United
Kingdom
8.7
Netherlands
6.1
Taiwan
6.0
United
States
5.2
Italy
5.1
Denmark
4.8
Brazil
4.8
France
4.8
13
other
nations
28.2
Short-term
investments
2.0
Investments
purchased
with
collateral
from
securities
lending
1.7
Total
100.0
Quant
International
Small
Cap
Equity
Fund
20
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Quant
International
Small
Cap
Equity
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
12/9/16
19
.86
%
12
.21
%
4
.26
%
4
.61
%
1
.16
%
1
.10
%
Class
I
12/9/16
20
.07
12
.62
4
.66
4
.98
0
.82
0
.82
Premier
Class
12/9/16
20
.07
12
.50
4
.53
4
.89
0
.93
0
.90
Class
R6
12/9/16
20
.09
12
.66
4
.70
5
.03
0
.74
0
.74
Retirement
Class
12/9/16
19
.92
12
.48
4
.49
4
.80
0
.99
0
.99
Class
W
9/28/18
20
.50
13
.56
5
.44
5
.59
0
.74
0
.00
MSCI
ACWI
ex
USA
Small
Cap
Index
17
.37
9
.54
5
.47
6
.51
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
W
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
W
shown
for
these
periods
would
have
been
different
because
Class
W
has
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
1.24
billion
Portfolio
turnover
rate
*
56%
Number
of
holdings
559
Weighted
median
market
capitalization
$2.04
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
14.7
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Industrials
27.5
Information
technology
21.1
Consumer
discretionary
12.5
Financials
10.0
Materials
8.5
Consumer
staples
3.8
Energy
3.7
Communication
services
3.7
Utilities
3.4
Health
care
3.2
Real
estate
2.1
Short-term
investments
0.1
Investments
purchased
with
collateral
from
securities
lending
0.4
Other
assets
&
liabilities,
net
0.0
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
0.3
More
than
$15
billion-$50
billion
0.5
More
than
$2
billion-$15
billion
50.2
$2
billion
or
less
49.0
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Japan
21.8
United
Kingdom
9.2
India
9.0
Taiwan
7.5
Australia
6.2
Canada
5.7
Korea,
Republic
of
4.6
Germany
3.5
Sweden
3.1
China
3.0
37
other
nations
25.9
Short-term
investments
0.1
Investments
purchased
with
collateral
from
securities
lending
0.4
Total
100.0
International
Responsible
Equity
Fund
21
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
International
Responsible
Equity
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
8/7/15
16
.12
%
7
.21
%
6
.25
%
5
.11
%
0
.63
%
0
.63
%
Class
I
12/4/15
16
.25
7
.35
6
.46
5
.37
0
.49
0
.49
Premier
Class
8/7/15
16
.20
7
.33
6
.41
5
.28
0
.50
0
.50
Class
R6
8/7/15
16
.36
7
.56
6
.58
5
.45
0
.34
0
.34
Retirement
Class
8/7/15
16
.17
7
.26
6
.32
5
.19
0
.59
0
.59
MSCI
EAFE®
Index
18
.63
9
.28
6
.18
5
.06
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
1.58
billion
Portfolio
turnover
rate
*
20%
Number
of
holdings
307
Weighted
median
market
capitalization
$38.77
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
16.4
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
21.3
Industrials
16.1
Consumer
discretionary
12.0
Health
care
11.8
Consumer
staples
10.0
Information
technology
8.8
Materials
7.1
Communication
services
5.8
Real
estate
3.3
Utilities
1.7
Energy
0.3
Short-term
investments
1.1
Investments
purchased
with
collateral
from
securities
lending
0.8
Other
assets
&
liabilities,
net
-0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
41.2
More
than
$15
billion-$50
billion
37.3
More
than
$2
billion-$15
billion
21.5
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Japan
23.1
United
Kingdom
13.2
Germany
8.0
France
7.7
Switzerland
7.6
Australia
6.9
United
States
4.4
Denmark
4.3
Netherlands
4.3
Sweden
3.7
14
other
nations
14.9
Short-term
investments
1.1
Investments
purchased
with
collateral
from
securities
lending
0.8
Total
100.0
Expense
Examples
22
All
shareholders
of
the
Funds
incur
ongoing
costs,
including
management
fees
and
other
fund
expenses.
They
may
also
incur
transactional
costs
for
redemptions
or
account
maintenance
fees.
The
expense
examples
that
appear
in
this
report
are
intended
to
help
you
understand
your
ongoing
costs
only
(in
U.S.
dollars)
and
do
not
reflect
transactional
costs.
The
examples
are
designed
to
help
you
compare
these
ongoing
costs
with
the
ongoing
costs
of
investing
in
other
mutual
funds.
The
expenses
shown
do
not
include
account
maintenance
fees,
which
may
or
may
not
be
applicable,
as
described
in
the
prospectus.
If
such
fees
were
included,
your
total
costs
for
investing
in
the
funds
would
be
higher.
Note
also
that
shareholders
of
the
Funds
do
not
incur
a
sales
charge
for
purchases,
reinvested
dividends
or
other
distributions.
The
examples
are
based
on
an
investment
of
$1,000
invested
at
the
beginning
of
the
six-month
period
and
held
for
the
entire
period
(
November
1,
2023
April
30,
2024
).
Actual
expenses
The
first
section
in
each
table
uses
the
Fund’s
actual
expenses
and
its
actual
rate
of
return.
You
may
use
the
information
in
this
section,
together
with
the
amount
you
invested,
to
estimate
the
expenses
that
you
paid
over
the
six-month
period.
Simply
divide
your
account
value
by
$1,000
(for
example,
an
$8,600
account
value
divided
by
$1,000
=
8.6),
then
multiply
the
result
by
the
number
in
the
first
line
under
the
heading
“Expenses
incurred
during
the
period”
to
estimate
the
expenses
you
paid
during
the
six-month
period.
Some
funds
have
a
contractual
fee
reimbursement.
Had
these
not
been
in
effect,
fund
expenses
would
have
been
higher.
Hypothetical
example
for
comparison
purposes
The
second
section
in
each
table
shows
hypothetical
account
values
and
expenses
based
on
the
Fund’s
actual
expense
ratio
for
each
share
class
for
the
six-month
period
and
an
assumed
5%-per-year
rate
of
return
before
expenses.
This
was
not
the
share
class’
actual
return.
This
hypothetical
example
cannot
be
used
to
estimate
the
actual
expenses
you
paid
for
the
period,
but
rather
allows
you
to
compare
the
ongoing
costs
of
investing
in
the
Fund
with
the
costs
of
other
funds.
To
do
so,
compare
this
5%
hypothetical
example
with
the
5%
hypothetical
examples
that
appear
in
the
shareholder
reports
of
other
mutual
funds.
2.1
Core
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,249.90
$1,250.90
$1,250.10
$1,251.80
$1,249.80
$1,253.80
Expenses
incurred
during
the
period*
$3.80
$2.74
$3.08
$2.24
$3.64
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.48
$1,022.43
$1,022.13
$1,022.87
$1,021.63
$1,024.86
Expenses
incurred
during
the
period*
$3.42
$2.46
$2.77
$2.01
$3.27
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.68%
for
Class
A,
0.49%
for
Class
I,
0.55%
for
Premier
Class,
0.40%
for
Class
R6,
0.65%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
23
2.2
Large
Cap
Growth
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,236.70
$1,238.20
$1,237.70
$1,238.90
$1,237.20
$1,241.00
Expenses
incurred
during
the
period*
$3.89
$2.78
$3.12
$2.28
$3.67
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.38
$1,022.38
$1,022.08
$1,022.82
$1,021.58
$1,024.86
Expenses
incurred
during
the
period*
$3.52
$2.51
$2.82
$2.06
$3.32
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.70%
for
Class
A,
0.50%
for
Class
I,
0.56%
for
Premier
Class,
0.41%
for
Class
R6,
0.66%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
2.3
Large
Cap
Value
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,196.70
$1,198.00
$1,197.80
$1,198.10
$1,196.90
$1,200.80
Expenses
incurred
during
the
period*
$3.88
$2.73
$3.06
$2.24
$3.61
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.33
$1,022.38
$1,022.08
$1,022.82
$1,021.58
$1,024.86
Expenses
incurred
during
the
period*
$3.57
$2.51
$2.82
$2.06
$3.32
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.71%
for
Class
A,
0.50%
for
Class
I,
0.56%
for
Premier
Class,
0.41%
for
Class
R6,
0.66%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
2.4
Mid
Cap
Growth
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,203.20
$1,203.60
$1,204.40
$1,204.60
$1,202.90
Expenses
incurred
during
the
period*
$4.38
$3.23
$3.56
$2.74
$4.11
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.89
$1,021.93
$1,021.63
$1,022.38
$1,021.13
Expenses
incurred
during
the
period*
$4.02
$2.97
$3.27
$2.51
$3.77
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.80%
for
Class
A,
0.59%
for
Class
I,
0.65%
for
Premier
Class,
0.50%
for
Class
R6
and
0.75%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Expense
Examples
(continued)
24
2.5
Mid
Cap
Value
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,202.60
$1,204.20
$1,203.30
$1,204.40
$1,203.50
Expenses
incurred
during
the
period*
$4.16
$3.18
$3.34
$2.52
$3.89
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.08
$1,021.98
$1,021.83
$1,022.58
$1,021.33
Expenses
incurred
during
the
period*
$3.82
$2.92
$3.07
$2.31
$3.57
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.76%
for
Class
A,
0.58%
for
Class
I,
0.61%
for
Premier
Class,
0.46%
for
Class
R6
and
0.71%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
2.6
Quant
Small
Cap
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,214.40
$1,215.90
$1,215.60
$1,216.70
$1,215.30
$1,218.30
Expenses
incurred
during
the
period*
$3.91
$2.70
$3.14
$2.26
$3.69
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.33
$1,022.43
$1,022.03
$1,022.82
$1,021.53
$1,024.86
Expenses
incurred
during
the
period*
$3.57
$2.46
$2.87
$2.06
$3.37
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.71%
for
Class
A,
0.49%
for
Class
I,
0.57%
for
Premier
Class,
0.41%
for
Class
R6,
0.67%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
2.7
Quant
Small/Mid
Cap
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,234.30
$1,236.20
$1,235.60
$1,236.60
$1,235.00
$1,239.30
Expenses
incurred
during
the
period*
$4.33
$3.22
$3.56
$2.61
$3.95
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.98
$1,021.98
$1,021.68
$1,022.53
$1,021.33
$1,024.86
Expenses
incurred
during
the
period*
$3.92
$2.92
$3.22
$2.36
$3.57
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.78%
for
Class
A,
0.58%
for
Class
I,
0.64%
for
Premier
Class,
0.47%
for
Class
R6,
0.71%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
25
2.8
Large
Cap
Responsible
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,208.50
$1,209.30
$1,209.20
$1,210.10
$1,208.80
Expenses
incurred
during
the
period*
$2.31
$1.26
$1.65
$0.82
$2.20
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,022.77
$1,023.72
$1,023.37
$1,024.12
$1,022.87
Expenses
incurred
during
the
period*
$2.11
$1.16
$1.51
$0.75
$2.01
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.42%
for
Class
A,
0.23%
for
Class
I,
0.30%
for
Premier
Class,
0.15%
for
Class
R6
and
0.40%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
2.9
Social
Choice
Low
Carbon
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,203.20
$1,204.00
$1,204.10
$1,204.60
$1,203.10
Expenses
incurred
during
the
period*
$2.96
$1.92
$2.25
$1.43
$2.79
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,022.18
$1,023.12
$1,022.82
$1,023.57
$1,022.33
Expenses
incurred
during
the
period*
$2.72
$1.76
$2.06
$1.31
$2.56
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.54%
for
Class
A,
0.35%
for
Class
I,
0.41%
for
Premier
Class,
0.26%
for
Class
R6
and
0.51%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
3.01
Emerging
Markets
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,126.90
$1,128.10
$1,128.30
$1,129.00
$1,127.20
$1,134.10
Expenses
incurred
during
the
period*
$6.72
$5.13
$5.61
$4.76
$6.08
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,018.55
$1,020.04
$1,019.59
$1,020.39
$1,019.14
$1,024.86
Expenses
incurred
during
the
period*
$6.37
$4.87
$5.32
$4.52
$5.77
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
1.27%
for
Class
A,
0.97%
for
Class
I,
1.06%
for
Premier
Class,
0.90%
for
Class
R6,
1.15%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Expense
Examples
(continued)
26
3.1
International
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,165.70
$1,167.70
$1,167.10
$1,168.80
$1,166.80
$1,171.40
Expenses
incurred
during
the
period*
$4.25
$3.07
$3.29
$2.48
$3.83
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.93
$1,022.03
$1,021.83
$1,022.58
$1,021.33
$1,024.86
Expenses
incurred
during
the
period*
$3.97
$2.87
$3.07
$2.31
$3.57
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.79%
for
Class
A,
0.57%
for
Class
I,
0.61%
for
Premier
Class,
0.46%
for
Class
R6,
0.71%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
3.2
International
Opportunities
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,165.80
$1,167.40
$1,166.10
$1,167.40
$1,166.30
$1,171.10
Expenses
incurred
during
the
period*
$4.85
$3.77
$4.09
$3.29
$4.63
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.39
$1,021.38
$1,021.08
$1,021.83
$1,020.59
$1,024.86
Expenses
incurred
during
the
period*
$4.52
$3.52
$3.82
$3.07
$4.32
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.90%
for
Class
A,
0.70%
for
Class
I,
0.76%
for
Premier
Class,
0.61%
for
Class
R6,
0.86%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
3.3
Quant
International
Small
Cap
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,198.60
$1,200.70
$1,200.70
$1,200.90
$1,199.20
$1,205.00
Expenses
incurred
during
the
period*
$6.07
$4.43
$4.98
$4.10
$5.47
$0.05
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,019.34
$1,020.84
$1,020.34
$1,021.13
$1,019.89
$1,024.81
Expenses
incurred
during
the
period*
$5.57
$4.07
$4.57
$3.77
$5.02
$0.05
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
1.11%
for
Class
A,
0.81%
for
Class
I,
0.91%
for
Premier
Class,
0.75%
for
Class
R6,
1.00%
for
Retirement
Class
and
0.01%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
27
3.4
International
Responsible
Equity
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,161.20
$1,162.50
$1,162.00
$1,163.60
$1,161.70
Expenses
incurred
during
the
period*
$3.33
$2.31
$2.69
$1.83
$3.17
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,021.78
$1,022.73
$1,022.38
$1,023.17
$1,021.93
Expenses
incurred
during
the
period*
$3.12
$2.16
$2.51
$1.71
$2.97
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.62%
for
Class
A,
0.43%
for
Class
I,
0.50%
for
Premier
Class,
0.34%
for
Class
R6
and
0.59%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Core
Equity
Fund
April
30,
2024
Portfolio
of
Investments
28
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.6%
COMMON
STOCKS
-
99.6%
AUTOMOBILES
&
COMPONENTS
-
1
.2
%
2,188,443
BorgWarner,
Inc
$
71,715,277‌
TOTAL
AUTOMOBILES
&
COMPONENTS
71,715,277‌
BANKS
-
3
.2
%
1,093,426
Citigroup,
Inc
67,059,816‌
2,170,546
Wells
Fargo
&
Co
128,756,789‌
TOTAL
BANKS
195,816,605‌
CAPITAL
GOODS
-
7
.9
%
251,774
(a)
Builders
FirstSource,
Inc
46,029,323‌
484,155
Dover
Corp
86,808,992‌
360,237
Honeywell
International,
Inc
69,428,477‌
220,406
Hubbell,
Inc
81,664,831‌
148,690
United
Rentals,
Inc
99,323,433‌
602,890
Westinghouse
Air
Brake
Technologies
Corp
97,113,521‌
TOTAL
CAPITAL
GOODS
480,368,577‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
8
.3
%
1,542,594
(a)
Amazon.com,
Inc
269,953,950‌
349,902
Home
Depot,
Inc
116,944,247‌
510,165
Lowe's
Cos,
Inc
116,312,518‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
503,210,715‌
CONSUMER
DURABLES
&
APPAREL
-
1
.6
%
347,890
DR
Horton,
Inc
49,570,846‌
450,458
Pulte
Homes,
Inc
50,190,031‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
99,760,877‌
CONSUMER
SERVICES
-
0
.9
%
406,132
(a)
Royal
Caribbean
Cruises
Ltd
56,708,211‌
TOTAL
CONSUMER
SERVICES
56,708,211‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0
.6
%
47,927
Costco
Wholesale
Corp
34,646,428‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
34,646,428‌
ENERGY
-
5
.7
%
632,848
Chevron
Corp
102,059,397‌
451,608
EOG
Resources,
Inc
59,670,965‌
1,049,304
Exxon
Mobil
Corp
124,101,184‌
384,039
Valero
Energy
Corp
61,396,315‌
TOTAL
ENERGY
347,227,861‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2
.1
%
915,374
Simon
Property
Group,
Inc
128,637,508‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
128,637,508‌
FINANCIAL
SERVICES
-
10
.1
%
358,413
American
Express
Co
83,879,394‌
365,564
Ameriprise
Financial,
Inc
150,535,600‌
395,567
Ares
Management
Corp
52,646,012‌
2,179,731
Bank
of
New
York
Mellon
Corp
123,133,004‌
215,746
Mastercard,
Inc
(Class
A)
97,344,595‌
414,431
Visa,
Inc
(Class
A)
111,320,311‌
TOTAL
FINANCIAL
SERVICES
618,858,916‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
9
.9
%
788,033
Abbott
Laboratories
83,507,857‌
918,200
(a)
Boston
Scientific
Corp
65,991,034‌
1,119,453
Cardinal
Health,
Inc
115,348,437‌
369,496
Cigna
Group
131,924,852‌
436,438
Laboratory
Corp
of
America
Holdings
87,885,520‌
29
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
246,976
UnitedHealth
Group,
Inc
$
119,462,291‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
604,119,991‌
INSURANCE
-
5
.2
%
1,895,321
American
International
Group,
Inc
142,736,624‌
659,574
(a)
Arch
Capital
Group
Ltd
61,696,552‌
460,126
Chubb
Ltd
114,405,729‌
TOTAL
INSURANCE
318,838,905‌
MATERIALS
-
2
.4
%
1,010,457
Corteva,
Inc
54,696,038‌
202,273
Linde
plc
89,194,302‌
TOTAL
MATERIALS
143,890,340‌
MEDIA
&
ENTERTAINMENT
-
7
.6
%
743,540
(a)
Alphabet,
Inc
122,416,426‌
837,998
(a)
Alphabet,
Inc
(Class
A)
136,409,314‌
478,087
Meta
Platforms,
Inc
205,658,685‌
TOTAL
MEDIA
&
ENTERTAINMENT
464,484,425‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
4
.2
%
1,631,924
Bristol-Myers
Squibb
Co
71,706,741‌
1,433,615
Merck
&
Co,
Inc
185,251,730‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
256,958,471‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
11
.3
%
349,825
Applied
Materials,
Inc
69,492,736‌
54,460
Broadcom,
Inc
70,812,704‌
90,072
Lam
Research
Corp
80,561,298‌
413,024
Nvidia
Corp
356,860,996‌
675,569
QUALCOMM,
Inc
112,043,119‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
689,770,853‌
SOFTWARE
&
SERVICES
-
9
.4
%
1,176,448
Microsoft
Corp
458,026,500‌
563,334
Oracle
Corp
64,079,242‌
175,902
(a)
Palo
Alto
Networks,
Inc
51,168,133‌
TOTAL
SOFTWARE
&
SERVICES
573,273,875‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.8
%
1,437,215
Apple,
Inc
244,800,831‌
178,898
(a)
Arista
Networks,
Inc
45,898,071‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
290,698,902‌
UTILITIES
-
3
.2
%
1,125,941
Alliant
Energy
Corp
56,071,862‌
751,879
American
Electric
Power
Co,
Inc
64,684,150‌
1,145,209
NextEra
Energy,
Inc
76,694,647‌
TOTAL
UTILITIES
197,450,659‌
TOTAL
COMMON
STOCKS
6,076,437,396‌
(Cost
$3,788,182,272)
TOTAL
LONG-TERM
INVESTMENTS
6,076,437,396‌
(Cost
$3,788,182,272)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.3%
REPURCHASE
AGREEMENT
-
0
.3
%
$
16,515,000
(b)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
16,515,000‌
TOTAL
REPURCHASE
AGREEMENT
16,515,000‌
Core
Equity
Fund
April
30,
2024
30
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT
-
0
.0
%
$
665,000
United
States
Treasury
Bill
0
.000
%
05/09/24
$
664,220‌
TOTAL
TREASURY
DEBT
664,220‌
TOTAL
SHORT-TERM
INVESTMENTS
17,179,220‌
(Cost
$17,179,222)
TOTAL
INVESTMENTS
-
99.9%
6,093,616,616‌
(Cost
$3,805,361,494)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.1%
5,213,661‌
NET
ASSETS
-
100.0%
$
6,098,830,277‌
(a)
Non-income
producing
(b)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$16,517,436
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rates
2.375%–3.750%
and
maturity
dates
12/31/30–5/15/51,
valued
at
$16,845,349.
Portfolio
of
Investments
Large
Cap
Growth
Fund
April
30,
2024
31
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
98.8%
COMMON
STOCKS
-
98.8%
CAPITAL
GOODS
-
2
.0
%
488,113
(a)
Boeing
Co
$
81,924,886‌
177,624
Honeywell
International,
Inc
34,233,473‌
TOTAL
CAPITAL
GOODS
116,158,359‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.7
%
656,995
Experian
Group
Ltd
26,499,201‌
210,103
Verisk
Analytics,
Inc
45,794,050‌
195,099
Waste
Connections,
Inc
31,623,597‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
103,916,848‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
13
.3
%
4,244,838
(a)
Amazon.com,
Inc
742,846,650‌
535,876
TJX
Cos,
Inc
50,420,573‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
793,267,223‌
CONSUMER
DURABLES
&
APPAREL
-
1
.3
%
52,269
Kering
18,318,674‌
307,355
Nike,
Inc
(Class
B)
28,356,572‌
3,765,300
PRADA
S.p.A
30,707,183‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
77,382,429‌
CONSUMER
SERVICES
-
5
.5
%
33,730
Booking
Holdings,
Inc
116,436,972‌
3,045,544
(a)
Carnival
Corp
45,134,962‌
209,707
(a)
Flutter
Entertainment
plc
38,850,087‌
548,311
Las
Vegas
Sands
Corp
24,323,076‌
345,487
Restaurant
Brands
International,
Inc
26,205,189‌
894,950
Starbucks
Corp
79,194,126‌
TOTAL
CONSUMER
SERVICES
330,144,412‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.7
%
138,103
Costco
Wholesale
Corp
99,834,659‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
99,834,659‌
ENERGY
-
0
.7
%
346,262
ConocoPhillips
43,497,432‌
TOTAL
ENERGY
43,497,432‌
FINANCIAL
SERVICES
-
5
.5
%
30,151
(a),(b)
Adyen
NV
36,120,901‌
178,083
American
Express
Co
41,676,765‌
154,304
London
Stock
Exchange
Group
plc
17,010,485‌
796,919
(a)
PayPal
Holdings,
Inc
54,126,738‌
653,395
Visa,
Inc
(Class
A)
175,508,431‌
TOTAL
FINANCIAL
SERVICES
324,443,320‌
FOOD,
BEVERAGE
&
TOBACCO
-
1
.5
%
2,631,807
Davide
Campari-Milano
NV
26,393,867‌
1,141,449
(a)
Monster
Beverage
Corp
61,010,449‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
87,404,316‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.1
%
158,301
(a)
Align
Technology,
Inc
44,701,036‌
291,325
(a)
DexCom,
Inc
37,111,892‌
193,255
(a)
Intuitive
Surgical,
Inc
71,624,168‌
222,114
UnitedHealth
Group,
Inc
107,436,542‌
214,364
(a)
Veeva
Systems,
Inc
42,564,116‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
303,437,754‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.9
%
346,628
Estee
Lauder
Cos
(Class
A)
50,853,794‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
50,853,794‌
Large
Cap
Growth
Fund
April
30,
2024
32
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INSURANCE
-
1
.1
%
321,891
Progressive
Corp
$
67,033,801‌
TOTAL
INSURANCE
67,033,801‌
MATERIALS
-
0
.6
%
75,575
Linde
plc
33,325,552‌
TOTAL
MATERIALS
33,325,552‌
MEDIA
&
ENTERTAINMENT
-
11
.7
%
2,197,220
(a)
Alphabet,
Inc
361,750,301‌
1,121,100
(a)
Match
Group,
Inc
34,552,302‌
699,611
Meta
Platforms,
Inc
300,951,664‌
TOTAL
MEDIA
&
ENTERTAINMENT
697,254,267‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
3
.6
%
163,615
Amgen,
Inc
44,820,693‌
213,207
(a)
Illumina,
Inc
26,235,122‌
1,013,411
Novo
Nordisk
A.S.
129,962,050‌
12,905
(a)
Regeneron
Pharmaceuticals,
Inc
11,493,967‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
212,511,832‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
14
.8
%
687,181
Applied
Materials,
Inc
136,508,506‌
171,653
Broadcom,
Inc
223,195,246‌
571,596
Nvidia
Corp
493,870,376‌
206,604
Taiwan
Semiconductor
Manufacturing
Co
Ltd
(ADR)
28,374,993‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
881,949,121‌
SOFTWARE
&
SERVICES
-
20
.8
%
254,662
(a)
Atlassian
Corp
Ltd
43,878,263‌
134,861
Intuit,
Inc
84,371,739‌
1,754,686
Microsoft
Corp
683,151,900‌
154,942
(a)
Palo
Alto
Networks,
Inc
45,071,078‌
113,786
Roper
Industries,
Inc
58,196,988‌
617,678
Salesforce,
Inc
166,118,321‌
85,369
(a)
ServiceNow,
Inc
59,188,889‌
225,411
(a)
Snowflake,
Inc
34,983,787‌
247,718
(a)
Workday,
Inc
60,624,026‌
TOTAL
SOFTWARE
&
SERVICES
1,235,584,991‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.9
%
1,709,774
Apple,
Inc
291,225,805‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
291,225,805‌
TRANSPORTATION
-
2
.1
%
3,133,698
(a)
Grab
Holdings
Ltd
10,967,943‌
1,747,441
(a)
Uber
Technologies,
Inc
115,802,915‌
TOTAL
TRANSPORTATION
126,770,858‌
TOTAL
COMMON
STOCKS
5,875,996,773‌
(Cost
$2,811,585,755)
TOTAL
LONG-TERM
INVESTMENTS
5,875,996,773‌
(Cost
$2,811,585,755)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.1%
GOVERNMENT
AGENCY
DEBT
-
0
.1
%
$
5,000,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
06/18/24
4,964,101‌
TOTAL
GOVERNMENT
AGENCY
DEBT
4,964,101‌
REPURCHASE
AGREEMENT
-
0
.9
%
51,755,000
(c)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
51,755,000‌
TOTAL
REPURCHASE
AGREEMENT
51,755,000‌
33
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT
-
0
.1
%
$
10,000,000
United
States
Treasury
Bill
0
.000
%
06/06/24
$
9,947,175‌
TOTAL
TREASURY
DEBT
9,947,175‌
TOTAL
SHORT-TERM
INVESTMENTS
66,666,276‌
(Cost
$66,662,575)
TOTAL
INVESTMENTS
-
99.9%
5,942,663,049‌
(Cost
$2,878,248,330)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.1%
8,064,455‌
NET
ASSETS
-
100.0%
$
5,950,727,504‌
ADR
American
Depositary
Receipt
(a)
Non-income
producing
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$36,120,901
or
0.6%
of
Total
Investments.
(c)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$51,762,634
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$52,790,167.
Large
Cap
Value
Fund
April
30,
2024
Portfolio
of
Investments
34
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.0%
COMMON
STOCKS
-
99.0%
BANKS
-
9
.9
%
3,441,690
Bank
of
America
Corp
$
127,376,947‌
616,237
Fifth
Third
Bancorp
22,468,001‌
1,207,518
JPMorgan
Chase
&
Co
231,529,501‌
378,661
PNC
Financial
Services
Group,
Inc
58,033,585‌
2,324,757
Wells
Fargo
&
Co
137,904,585‌
TOTAL
BANKS
577,312,619‌
CAPITAL
GOODS
-
11
.2
%
207,371
Allegion
plc
25,208,019‌
375,015
(a)
Boeing
Co
62,942,518‌
69,020
Deere
&
Co
27,015,118‌
395,754
Dover
Corp
70,958,692‌
314,452
Eaton
Corp
plc
100,077,493‌
445,164
Honeywell
International,
Inc
85,796,458‌
529,493
Masco
Corp
36,243,796‌
177,812
Parker-Hannifin
Corp
96,891,537‌
983,416
RTX
Corp
99,836,392‌
134,753
Trane
Technologies
plc
42,762,517‌
TOTAL
CAPITAL
GOODS
647,732,540‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0
.1
%
74,249
Veralto
Corp
6,955,646‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
6,955,646‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
0
.6
%
97,591
Home
Depot,
Inc
32,616,864‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
32,616,864‌
CONSUMER
DURABLES
&
APPAREL
-
1
.2
%
9,157
(a)
NVR,
Inc
68,117,549‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
68,117,549‌
CONSUMER
SERVICES
-
2
.7
%
10,647
Booking
Holdings,
Inc
36,753,763‌
326,127
Hilton
Worldwide
Holdings,
Inc
64,338,335‌
211,147
McDonald's
Corp
57,651,577‌
TOTAL
CONSUMER
SERVICES
158,743,675‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.8
%
1,766,939
Walmart,
Inc
104,867,830‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
104,867,830‌
ENERGY
-
8
.4
%
439,739
Chevron
Corp
70,916,709‌
850,673
ConocoPhillips
106,861,542‌
542,524
EOG
Resources,
Inc
71,683,696‌
1,413,706
Exxon
Mobil
Corp
167,199,009‌
457,591
Valero
Energy
Corp
73,155,073‌
TOTAL
ENERGY
489,816,029‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
1
.3
%
712,599
Prologis,
Inc
72,720,728‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
72,720,728‌
FINANCIAL
SERVICES
-
10
.6
%
356,750
American
Express
Co
83,490,202‌
368,471
(a)
Berkshire
Hathaway,
Inc
146,183,500‌
78,385
BlackRock,
Inc
59,152,456‌
1,030,826
Charles
Schwab
Corp
76,229,583‌
486,094
(a)
Fiserv,
Inc
74,211,971‌
245,253
Goldman
Sachs
Group,
Inc
104,651,908‌
35
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
543,959
Intercontinental
Exchange,
Inc
$
70,040,161‌
TOTAL
FINANCIAL
SERVICES
613,959,781‌
FOOD,
BEVERAGE
&
TOBACCO
-
2
.1
%
698,626
Mondelez
International,
Inc
50,259,155‌
752,646
Philip
Morris
International,
Inc
71,456,211‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
121,715,366‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
7
.6
%
766,149
Abbott
Laboratories
81,188,810‌
195,645
Cigna
Group
69,853,091‌
163,136
Elevance
Health,
Inc
86,230,427‌
227,466
HCA,
Inc
70,473,516‌
36,960
Humana,
Inc
11,165,246‌
705,422
Medtronic
plc
56,603,061‌
140,096
UnitedHealth
Group,
Inc
67,764,435‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
443,278,586‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
2
.0
%
306,066
Kenvue,
Inc
5,760,162‌
668,549
Procter
&
Gamble
Co
109,107,197‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
114,867,359‌
INSURANCE
-
5
.4
%
1,309,090
American
International
Group,
Inc
98,587,568‌
368,407
Chubb
Ltd
91,600,716‌
327,932
Marsh
&
McLennan
Cos,
Inc
65,399,479‌
781,496
Metlife,
Inc
55,548,736‌
TOTAL
INSURANCE
311,136,499‌
MATERIALS
-
4
.8
%
229,093
Celanese
Corp
(Series
A)
35,190,976‌
562,029
Crown
Holdings,
Inc
46,125,720‌
909,481
DuPont
de
Nemours,
Inc
65,937,372‌
250,735
Linde
plc
110,564,106‌
80,206
Reliance
Steel
&
Aluminum
Co
22,836,252‌
TOTAL
MATERIALS
280,654,426‌
MEDIA
&
ENTERTAINMENT
-
3
.3
%
293,619
(a)
Alphabet,
Inc
48,341,432‌
1,979,056
Comcast
Corp
(Class
A)
75,421,824‌
625,492
Walt
Disney
Co
69,492,162‌
TOTAL
MEDIA
&
ENTERTAINMENT
193,255,418‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.3
%
306,995
AbbVie,
Inc
49,929,667‌
255,310
Danaher
Corp
62,964,552‌
530,812
Gilead
Sciences,
Inc
34,608,942‌
926,330
Johnson
&
Johnson
133,938,055‌
791,459
Merck
&
Co,
Inc
102,272,332‌
866,175
Sanofi
(ADR)
42,641,795‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
426,355,343‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
6
.3
%
271,443
Analog
Devices,
Inc
54,454,180‌
355,572
Applied
Materials,
Inc
70,634,378‌
31,433
Broadcom,
Inc
40,871,387‌
865,983
Intel
Corp
26,386,502‌
44,749
Lam
Research
Corp
40,023,953‌
621,702
Micron
Technology,
Inc
70,227,458‌
246,438
NXP
Semiconductors
NV
63,134,951‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
365,732,809‌
SOFTWARE
&
SERVICES
-
3
.1
%
140,813
Accenture
plc
42,372,040‌
136,794
Microsoft
Corp
53,258,008‌
Large
Cap
Value
Fund
April
30,
2024
36
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
745,654
Oracle
Corp
$
84,818,142‌
TOTAL
SOFTWARE
&
SERVICES
180,448,190‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2
.2
%
1,275,008
Cisco
Systems,
Inc
59,899,876‌
493,213
TE
Connectivity
Ltd
69,779,775‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
129,679,651‌
TELECOMMUNICATION
SERVICES
-
1
.3
%
449,345
T-Mobile
US,
Inc
73,768,969‌
TOTAL
TELECOMMUNICATION
SERVICES
73,768,969‌
TRANSPORTATION
-
2
.7
%
726,667
(a),(b),(c)
AMR
Corporation
7,267‌
1,279,674
CSX
Corp
42,510,770‌
335,586
Union
Pacific
Corp
79,587,576‌
231,513
United
Parcel
Service,
Inc
(Class
B)
34,143,537‌
TOTAL
TRANSPORTATION
156,249,150‌
UTILITIES
-
3
.1
%
574,813
Ameren
Corp
42,461,436‌
539,606
American
Electric
Power
Co,
Inc
46,422,304‌
896,221
Dominion
Energy,
Inc
45,689,347‌
669,754
NextEra
Energy,
Inc
44,853,426‌
TOTAL
UTILITIES
179,426,513‌
TOTAL
COMMON
STOCKS
5,749,411,540‌
(Cost
$3,757,416,835)
TOTAL
LONG-TERM
INVESTMENTS
5,749,411,540‌
(Cost
$3,757,416,835)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.8%
REPURCHASE
AGREEMENT
-
0
.6
%
$
35,314,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
35,314,000‌
TOTAL
REPURCHASE
AGREEMENT
35,314,000‌
TREASURY
DEBT
-
0
.2
%
7,500,000
United
States
Treasury
Bill
0
.000
05/09/24
7,491,197‌
5,000,000
United
States
Treasury
Bill
0
.000
06/06/24
4,973,588‌
TOTAL
TREASURY
DEBT
12,464,785‌
TOTAL
SHORT-TERM
INVESTMENTS
47,778,785‌
(Cost
$47,778,765)
TOTAL
INVESTMENTS
-
99.8%
5,797,190,325‌
(Cost
$3,805,195,600)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.2%
11,500,700‌
NET
ASSETS
-
100.0%
$
5,808,691,025‌
ADR
American
Depositary
Receipt
(a)
Non-income
producing
(b)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(c)
In
bankruptcy
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$35,319,209
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$36,020,383.
Portfolio
of
Investments
Mid
Cap
Growth
Fund
April
30,
2024
37
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
101.1%
COMMON
STOCKS
-
101.1%
AUTOMOBILES
&
COMPONENTS
-
0
.3
%
98,381
(a),(b)
Mobileye
Global,
Inc
$
2,710,397‌
TOTAL
AUTOMOBILES
&
COMPONENTS
2,710,397‌
CAPITAL
GOODS
-
7
.5
%
73,430
Ametek,
Inc
12,825,284‌
40,263
Ferguson
plc
8,451,204‌
49,783
(b)
Middleby
Corp
6,918,344‌
22,746
TransDigm
Group,
Inc
28,387,690‌
19,947
W.W.
Grainger,
Inc
18,378,168‌
TOTAL
CAPITAL
GOODS
74,960,690‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
13
.3
%
930,333
(b)
ACV
Auctions,
Inc
16,234,311‌
595,372
(b)
Cimpress
plc
50,767,370‌
542,432
(b)
Driven
Brands
Holdings,
Inc
7,773,051‌
276,270
Experian
Group
Ltd
11,143,059‌
123,840
Verisk
Analytics,
Inc
26,992,166‌
121,065
Waste
Connections,
Inc
19,623,426‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
132,533,383‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2
.9
%
3,863
(b)
Autozone,
Inc
11,420,573‌
96,377
(b)
Burlington
Stores,
Inc
17,342,078‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
28,762,651‌
CONSUMER
DURABLES
&
APPAREL
-
6
.2
%
270,281
(a),(b)
BK
LC
Lux
Finco
2
Sarl
12,100,480‌
99,183
(b)
Garmin
Ltd
14,328,968‌
2,292,700
PRADA
S.p.A
18,697,676‌
257,080
SharkNinja
Global
SPV
Ltd
16,525,102‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
61,652,226‌
CONSUMER
SERVICES
-
6
.1
%
517,959
(b)
Carnival
Corp
7,676,152‌
137,467
(b)
DraftKings,
Inc
5,713,129‌
849,355
Entain
plc
8,286,483‌
220,142
(a),(b)
European
Wax
Center,
Inc
2,588,870‌
79,679
(b)
Expedia
Group,
Inc
10,727,184‌
250,945
Restaurant
Brands
International,
Inc
19,034,178‌
75,570
Wynn
Resorts
Ltd
6,925,990‌
TOTAL
CONSUMER
SERVICES
60,951,986‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0
.5
%
33,934
Dollar
General
Corp
4,723,274‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
4,723,274‌
ENERGY
-
4
.0
%
116,529
Cheniere
Energy,
Inc
18,390,607‌
79,773
Diamondback
Energy,
Inc
16,044,743‌
289,372
Permian
Resources
Corp
4,846,981‌
TOTAL
ENERGY
39,282,331‌
FINANCIAL
SERVICES
-
8
.0
%
5,662
(b),(c)
Adyen
NV
6,783,077‌
56,751
Ameriprise
Financial,
Inc
23,369,494‌
76,823
FirstCash
Holdings,
Inc
8,679,462‌
211,999
Jefferies
Financial
Group,
Inc
9,128,677‌
58,497
KKR
&
Co,
Inc
5,444,316‌
42,261
LPL
Financial
Holdings,
Inc
11,373,703‌
555,560
(b)
Marqeta,
Inc
3,083,358‌
Mid
Cap
Growth
Fund
April
30,
2024
38
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
119,997
Tradeweb
Markets,
Inc
$
12,204,895‌
TOTAL
FINANCIAL
SERVICES
80,066,982‌
FOOD,
BEVERAGE
&
TOBACCO
-
2
.6
%
178,418
(b)
Celsius
Holdings,
Inc
12,715,851‌
1,197,414
Davide
Campari-Milano
NV
12,008,626‌
70,000
Fevertree
Drinks
plc
991,018‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
25,715,495‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
10
.3
%
67,341
(b)
Align
Technology,
Inc
19,015,752‌
257,178
(b)
DexCom,
Inc
32,761,905‌
58,756
(b)
Inspire
Medical
Systems,
Inc
14,198,975‌
36,864
(b)
Molina
Healthcare,
Inc
12,611,174‌
118,994
(b)
Veeva
Systems,
Inc
23,627,449‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
102,215,255‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.9
%
720,505
(b)
Puig
Brands
SA
18,838,622‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
18,838,622‌
INSURANCE
-
1
.0
%
111,022
(b)
Arch
Capital
Group
Ltd
10,384,998‌
TOTAL
INSURANCE
10,384,998‌
MATERIALS
-
1
.2
%
83,676
Westlake
Chemical
Corp
12,330,495‌
TOTAL
MATERIALS
12,330,495‌
MEDIA
&
ENTERTAINMENT
-
3
.2
%
462,715
(b)
Match
Group,
Inc
14,260,876‌
194,508
(b)
Reddit,
Inc
8,643,936‌
251,697
(b)
ROBLOX
Corp
8,950,345‌
TOTAL
MEDIA
&
ENTERTAINMENT
31,855,157‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.0
%
62,864
(b)
BioMarin
Pharmaceutical,
Inc
5,076,897‌
1,052,950
(b)
Elanco
Animal
Health,
Inc
13,856,822‌
53,250
(b)
Illumina,
Inc
6,552,413‌
42,094
(b)
Krystal
Biotech,
Inc
6,445,433‌
37,276
(b)
Repligen
Corp
6,120,719‌
70,153
(b)
Sarepta
Therapeutics,
Inc
8,885,579‌
20,153
(b)
United
Therapeutics
Corp
4,722,452‌
51,318
West
Pharmaceutical
Services,
Inc
18,345,159‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
70,005,474‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
5
.0
%
96,041
Entegris,
Inc
12,765,770‌
174,781
Marvell
Technology,
Inc
11,519,815‌
24,706
Monolithic
Power
Systems,
Inc
16,536,467‌
33,747
NXP
Semiconductors
NV
8,645,644‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
49,467,696‌
SOFTWARE
&
SERVICES
-
17
.6
%
35,886
Bentley
Systems,
Inc
1,885,092‌
314,711
(b)
Confluent,
Inc
8,849,673‌
196,435
(b)
Datadog,
Inc
24,652,593‌
44,265
(b)
EPAM
Systems,
Inc
10,413,784‌
176,599
(b)
Five9,
Inc
10,166,805‌
37,236
(b)
HubSpot,
Inc
22,522,939‌
198,208
(a),(b)
Klaviyo,
Inc
4,439,859‌
21,303
(b)
MongoDB,
Inc
7,779,430‌
189,971
(a),(b)
Oddity
Tech
Ltd
6,181,656‌
107,939
(b)
Okta,
Inc
10,036,168‌
61,932
(b)
Paylocity
Holding
Corp
9,609,369‌
122,509
(b)
PTC,
Inc
21,737,997‌
168,190
(a),(b)
Rubrik,
Inc
5,385,444‌
39
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
563,767
(b)
SentinelOne,
Inc
$
11,912,397‌
120,478
(b)
Trade
Desk,
Inc
9,981,602‌
53,614
(b)
Zscaler,
Inc
9,272,005‌
TOTAL
SOFTWARE
&
SERVICES
174,826,813‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
1
.4
%
308,545
(b)
Flextronics
International
Ltd
8,839,814‌
74,183
(b)
Western
Digital
Corp
5,254,382‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
14,094,196‌
TELECOMMUNICATION
SERVICES
-
0
.0
%
153,712
(b),(d)
GCI
Liberty,
Inc
1,537‌
TOTAL
TELECOMMUNICATION
SERVICES
1,537‌
TRANSPORTATION
-
1
.1
%
666,489
(b)
Grab
Holdings
Ltd
2,332,711‌
814,235
(b)
Grab
Holdings
Ltd
2,849,823‌
29,679
Old
Dominion
Freight
Line
5,392,971‌
TOTAL
TRANSPORTATION
10,575,505‌
TOTAL
COMMON
STOCKS
1,005,955,163‌
(Cost
$824,511,407)
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
TRANSPORTATION
-
0
.0
%
169,870
Hertz
Global
Holdings,
Inc
06/30/51
492,623‌
TOTAL
TRANSPORTATION
492,623‌
TOTAL
RIGHTS/WARRANTS
492,623‌
(Cost
$2,029,947)
TOTAL
LONG-TERM
INVESTMENTS
1,006,447,786‌
(Cost
$826,541,354)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.8%
REPURCHASE
AGREEMENT
-
0
.8
%
$
8,032,000
(e)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
8,032,000‌
TOTAL
REPURCHASE
AGREEMENT
8,032,000‌
TOTAL
SHORT-TERM
INVESTMENTS
8,032,000‌
(Cost
$8,032,000)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
2.6%
25,458,044
(f)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(g)
25,458,044‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
25,458,044‌
(Cost
$25,458,044)
TOTAL
INVESTMENTS
-
104.5%
1,039,937,830‌
(Cost
$860,031,398)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(4.5)%
(
44,561,246‌
)
NET
ASSETS
-
100.0%
$
995,376,584‌
Mid
Cap
Growth
Fund
April
30,
2024
40
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
(a)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$31,584,284.
(b)
Non-income
producing
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$6,783,077
or
0.7%
of
Total
Investments.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$8,033,185
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$8,192,676.
(f)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(g)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Portfolio
of
Investments
Mid
Cap
Value
Fund
April
30,
2024
41
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.8%
COMMON
STOCKS
-
99.8%
BANKS
-
2
.8
%
331,170
East
West
Bancorp,
Inc
$
24,668,853‌
636,785
Fifth
Third
Bancorp
23,217,181‌
TOTAL
BANKS
47,886,034‌
CAPITAL
GOODS
-
24
.8
%
183,881
Ametek,
Inc
32,116,655‌
153,618
Crane
Co
21,508,056‌
103,122
Curtiss-Wright
Corp
26,133,177‌
202,560
Emerson
Electric
Co
21,831,917‌
418,871
Howmet
Aerospace,
Inc
27,959,639‌
75,386
Hubbell,
Inc
27,932,021‌
194,314
ITT,
Inc
25,132,573‌
104,841
L3Harris
Technologies,
Inc
22,441,216‌
383,220
nVent
Electric
plc
27,618,665‌
70,877
Parker-Hannifin
Corp
38,621,586‌
130,407
Regal-Beloit
Corp
21,043,778‌
104,133
Trane
Technologies
plc
33,045,566‌
48,881
United
Rentals,
Inc
32,652,019‌
153,580
WESCO
International,
Inc
23,459,345‌
233,620
Westinghouse
Air
Brake
Technologies
Corp
37,631,510‌
TOTAL
CAPITAL
GOODS
419,127,723‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2
.2
%
268,973
Academy
Sports
&
Outdoors,
Inc
15,681,126‌
132,145
(a)
Autonation,
Inc
21,295,167‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
36,976,293‌
CONSUMER
SERVICES
-
7
.3
%
105,298
Darden
Restaurants,
Inc
16,153,766‌
137,100
(a)
Expedia
Group,
Inc
18,457,773‌
577,647
(a)
MGM
Resorts
International
22,782,398‌
165,333
(a)
Royal
Caribbean
Cruises
Ltd
23,085,447‌
456,169
Travel
&
Leisure
Co
19,861,598‌
313,949
Wyndham
Hotels
&
Resorts,
Inc
23,078,391‌
TOTAL
CONSUMER
SERVICES
123,419,373‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0
.7
%
168,314
(a)
Performance
Food
Group
Co
11,425,154‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
11,425,154‌
ENERGY
-
5
.3
%
606,524
Baker
Hughes
Co
19,784,813‌
181,182
Diamondback
Energy,
Inc
36,441,136‌
2,021,015
Permian
Resources
Corp
33,852,001‌
TOTAL
ENERGY
90,077,950‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
7
.1
%
153,309
Crown
Castle,
Inc
14,377,318‌
122,537
Digital
Realty
Trust,
Inc
17,005,685‌
133,862
EastGroup
Properties,
Inc
20,796,800‌
401,342
Rexford
Industrial
Realty,
Inc
17,181,451‌
698,891
STAG
Industrial,
Inc
24,034,861‌
904,125
VICI
Properties,
Inc
25,812,769‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
119,208,884‌
FINANCIAL
SERVICES
-
7
.6
%
31,365
Ameriprise
Financial,
Inc
12,915,793‌
496,234
Fidelity
National
Information
Services,
Inc
33,704,213‌
140,243
Intercontinental
Exchange,
Inc
18,057,689‌
545,506
Jefferies
Financial
Group,
Inc
23,489,489‌
507,448
OneMain
Holdings,
Inc
26,443,115‌
Mid
Cap
Value
Fund
April
30,
2024
42
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
107,859
Raymond
James
Financial,
Inc
$
13,158,798‌
TOTAL
FINANCIAL
SERVICES
127,769,097‌
FOOD,
BEVERAGE
&
TOBACCO
-
1
.2
%
197,695
Bunge
Global
S.A.
20,117,443‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
20,117,443‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
2
.8
%
175,444
(a)
Centene
Corp
12,817,939‌
37,943
Cigna
Group
13,547,169‌
68,636
Humana,
Inc
20,734,249‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
47,099,357‌
INSURANCE
-
10
.6
%
168,164
Allstate
Corp
28,597,970‌
428,693
American
International
Group,
Inc
32,284,870‌
224,811
(a)
Arch
Capital
Group
Ltd
21,028,821‌
71,293
Everest
Re
Group
Ltd
26,122,468‌
551,142
Fidelity
National
Financial,
Inc
27,281,529‌
168,024
Metlife,
Inc
11,943,146‌
215,534
Stewart
Information
Services
Corp
13,365,263‌
361,858
Unum
Group
18,346,201‌
TOTAL
INSURANCE
178,970,268‌
MATERIALS
-
4
.2
%
352,660
DuPont
de
Nemours,
Inc
25,567,850‌
97,631
Nucor
Corp
16,453,752‌
201,249
Westlake
Chemical
Corp
29,656,053‌
TOTAL
MATERIALS
71,677,655‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
5
.2
%
1,875,533
(a)
Elanco
Animal
Health,
Inc
24,682,014‌
938,822
(a)
Exelixis,
Inc
22,024,764‌
164,250
(a)
Jazz
Pharmaceuticals
plc
18,190,687‌
98,396
(a)
United
Therapeutics
Corp
23,057,135‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
87,954,600‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
3
.8
%
323,775
Marvell
Technology,
Inc
21,340,010‌
139,561
Microchip
Technology,
Inc
12,836,821‌
91,395
(a)
Onto
Innovation,
Inc
16,952,859‌
327,379
(b)
STMicroelectronics
NV
12,951,113‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
64,080,803‌
SOFTWARE
&
SERVICES
-
2
.9
%
1,452,430
Gen
Digital,
Inc
29,251,940‌
38,577
Roper
Industries,
Inc
19,730,593‌
TOTAL
SOFTWARE
&
SERVICES
48,982,533‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
3
.5
%
1,820,090
Hewlett
Packard
Enterprise
Co
30,941,530‌
1,009,754
HP,
Inc
28,363,990‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
59,305,520‌
UTILITIES
-
7
.8
%
491,803
Alliant
Energy
Corp
24,491,789‌
285,581
American
Electric
Power
Co,
Inc
24,568,533‌
506,438
CMS
Energy
Corp
30,695,207‌
338,077
Dominion
Energy,
Inc
17,235,166‌
897,419
FirstEnergy
Corp
34,407,045‌
TOTAL
UTILITIES
131,397,740‌
TOTAL
COMMON
STOCKS
1,685,476,427‌
(Cost
$1,401,958,678)
TOTAL
LONG-TERM
INVESTMENTS
1,685,476,427‌
(Cost
$1,401,958,678)
43
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
0.1%
REPURCHASE
AGREEMENT
-
0
.1
%
$
2,856,000
(c)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
$
2,856,000‌
TOTAL
REPURCHASE
AGREEMENT
2,856,000‌
TOTAL
SHORT-TERM
INVESTMENTS
2,856,000‌
(Cost
$2,856,000)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.6%
9,851,216
(d)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(e)
9,851,216‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
9,851,216‌
(Cost
$9,851,216)
TOTAL
INVESTMENTS
-
100.5%
1,698,183,643‌
(Cost
$1,414,665,894)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.5)%
(
8,866,214‌
)
NET
ASSETS
-
100.0%
$
1,689,317,429‌
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$9,200,192.
(c)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$2,856,421
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
3.750%
and
maturity
date
12/31/30,
valued
at
$2,913,208.
(d)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(e)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Quant
Small
Cap
Equity
Fund
April
30,
2024
Portfolio
of
Investments
44
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
98.1%
COMMON
STOCKS
-
98.1%
AUTOMOBILES
&
COMPONENTS
-
1
.2
%
160,360
(a)
Gentherm,
Inc
$
8,109,406‌
220,240
(a)
Modine
Manufacturing
Co
20,400,831‌
75,470
(a)
Visteon
Corp
8,349,246‌
TOTAL
AUTOMOBILES
&
COMPONENTS
36,859,483‌
BANKS
-
8
.5
%
251,130
Ameris
Bancorp
11,923,652‌
224,690
(a)
Axos
Financial,
Inc
11,371,561‌
61,320
(a)
Bancorp,
Inc
1,835,921‌
281,081
Bank
of
NT
Butterfield
&
Son
Ltd
9,556,754‌
521,440
Brookline
Bancorp,
Inc
4,327,952‌
161,440
Cadence
Bank
4,467,045‌
256,590
Cathay
General
Bancorp
8,836,960‌
155,670
Central
Pacific
Financial
Corp
3,104,060‌
208,533
ConnectOne
Bancorp,
Inc
3,734,826‌
289,830
(a)
Customers
Bancorp,
Inc
13,236,536‌
605,160
CVB
Financial
Corp
9,888,314‌
169,660
Eagle
Bancorp,
Inc
3,137,013‌
99,050
Enterprise
Financial
Services
Corp
3,764,890‌
165,390
First
Busey
Corp
3,694,813‌
122,980
First
Financial
Bancorp
2,719,088‌
93,310
First
Financial
Corp
3,397,417‌
196,310
First
Merchants
Corp
6,560,680‌
279,130
Hancock
Whitney
Corp
12,669,711‌
156,550
Heartland
Financial
USA,
Inc
6,592,320‌
331,040
Heritage
Commerce
Corp
2,628,458‌
234,960
Horizon
Bancorp,
Inc
2,697,341‌
81,749
Independent
Bank
Corp
2,028,193‌
96,300
International
Bancshares
Corp
5,359,095‌
222,040
Lakeland
Bancorp,
Inc
2,706,668‌
139,520
(a),(b)
Metropolitan
Bank
Holding
Corp
5,538,944‌
171,250
National
Bank
Holdings
Corp
5,605,012‌
302,250
OceanFirst
Financial
Corp
4,461,210‌
431,980
OFG
Bancorp
15,598,798‌
419,550
Pacific
Premier
Bancorp,
Inc
9,020,325‌
77,590
Preferred
Bank
5,872,787‌
62,635
QCR
Holdings,
Inc
3,442,420‌
218,920
Renasant
Corp
6,361,815‌
224,950
Towne
Bank
5,819,456‌
159,720
UMB
Financial
Corp
12,723,295‌
391,213
United
Bankshares,
Inc
12,698,774‌
293,755
United
Community
Banks,
Inc
7,411,439‌
321,160
Veritex
Holdings,
Inc
6,256,197‌
202,770
WesBanco,
Inc
5,474,790‌
160,430
Westamerica
Bancorporation
7,468,017‌
63,380
WSFS
Financial
Corp
2,708,227‌
TOTAL
BANKS
256,700,774‌
CAPITAL
GOODS
-
13
.1
%
113,500
Albany
International
Corp
(Class
A)
9,051,625‌
370,140
(a)
API
Group
Corp
14,276,300‌
105,028
Apogee
Enterprises,
Inc
6,488,630‌
66,991
Applied
Industrial
Technologies,
Inc
12,276,101‌
157,670
Arcosa,
Inc
11,986,073‌
50,343
Atkore,
Inc
8,825,128‌
60,190
Barnes
Group,
Inc
2,089,797‌
167,020
(a)
Beacon
Roofing
Supply,
Inc
16,456,481‌
259,700
(a)
Blue
Bird
Corp
8,558,413‌
45
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
132,060
Columbus
McKinnon
Corp
$
5,450,116‌
117,200
Comfort
Systems
USA,
Inc
36,262,852‌
210,190
(a)
Construction
Partners,
Inc
10,854,212‌
54,979
CSW
Industrials,
Inc
13,064,110‌
483,030
(a)
DNOW,
Inc
6,815,553‌
258,940
Enerpac
Tool
Group
Corp
9,226,032‌
58,130
ESCO
Technologies,
Inc
5,897,289‌
182,070
Federal
Signal
Corp
14,802,291‌
312,050
(a),(b)
Fluence
Energy,
Inc
5,566,972‌
95,770
Franklin
Electric
Co,
Inc
9,219,778‌
89,770
FTAI
Aviation
Ltd
6,302,752‌
136,770
(a)
Gibraltar
Industries,
Inc
9,773,584‌
26,840
(a)
GMS,
Inc
2,483,237‌
136,230
H&E
Equipment
Services,
Inc
6,578,547‌
581,520
(a)
Janus
International
Group,
Inc
8,379,703‌
16,059
Lindsay
Corp
1,865,253‌
91,320
McGrath
RentCorp
9,740,191‌
47,677
Moog,
Inc
(Class
A)
7,583,980‌
678,710
Mueller
Water
Products,
Inc
(Class
A)
10,750,766‌
337,960
(a)
NEXTracker,
Inc
14,461,308‌
194,840
(a)
Parsons
Corp
15,296,888‌
77,010
Powell
Industries,
Inc
11,012,430‌
126,315
Rush
Enterprises,
Inc
(Class
A)
5,547,755‌
75,075
Simpson
Manufacturing
Co,
Inc
13,054,792‌
137,450
(a)
SPX
Technologies,
Inc
16,742,785‌
97,050
(a)
Sterling
Construction
Co,
Inc
9,860,280‌
93,900
Tennant
Co
10,937,472‌
98,870
(a)
Titan
Machinery,
Inc
2,200,846‌
547,500
(a)
Triumph
Group,
Inc
7,314,600‌
29,320
UFP
Industries,
Inc
3,304,364‌
74,780
Watts
Water
Technologies,
Inc
(Class
A)
14,840,839‌
TOTAL
CAPITAL
GOODS
395,200,125‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
3
.3
%
119,360
ABM
Industries,
Inc
5,216,032‌
261,650
(a)
Alight,
Inc
2,360,083‌
105,430
(a)
CBIZ,
Inc
7,504,507‌
193,320
CSG
Systems
International,
Inc
9,132,437‌
468,720
(a)
ExlService
Holdings,
Inc
13,592,880‌
59,940
(a)
Franklin
Covey
Co
2,334,064‌
518,660
(a)
Healthcare
Services
Group
5,508,169‌
108,380
Heidrick
&
Struggles
International,
Inc
3,195,042‌
99,300
(a)
Huron
Consulting
Group,
Inc
9,258,732‌
34,083
ICF
International,
Inc
4,917,836‌
421,060
(a)
Legalzoom.com,
Inc
5,031,667‌
169,050
(a)
Montrose
Environmental
Group,
Inc
7,340,151‌
106,610
TriNet
Group,
Inc
10,700,446‌
22,090
Unifirst
Corp
3,537,272‌
737,170
(a)
Upwork,
Inc
8,624,889‌
105,820
(a)
Verra
Mobility
Corp
2,495,236‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
100,749,443‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2
.5
%
238,670
(a)
Abercrombie
&
Fitch
Co
(Class
A)
29,003,178‌
333,200
American
Eagle
Outfitters,
Inc
8,083,432‌
197,610
Build-A-Bear
Workshop,
Inc
5,959,917‌
652,240
(a)
CarParts.com,
Inc
802,255‌
338,380
(a)
National
Vision
Holdings,
Inc
5,894,580‌
270,620
Upbound
Group,
Inc
8,391,926‌
287,560
(a)
Urban
Outfitters,
Inc
11,203,338‌
630,090
(a)
Warby
Parker,
Inc
7,397,257‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
76,735,883‌
Quant
Small
Cap
Equity
Fund
April
30,
2024
46
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL
-
2
.3
%
75,430
Acushnet
Holdings
Corp
$
4,599,721‌
95,730
(a)
Dream
Finders
Homes,
Inc
3,398,415‌
71,520
Installed
Building
Products,
Inc
16,859,410‌
175,400
(a)
Lovesac
Co
3,890,372‌
96,750
(a)
M/I
Homes,
Inc
11,244,285‌
294,760
(a)
Taylor
Morrison
Home
Corp
16,509,508‌
306,257
(a)
Tri
Pointe
Homes,
Inc
11,285,570‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
67,787,281‌
CONSUMER
SERVICES
-
3
.7
%
11,940
(a)
Biglari
Holdings,
Inc
(B
Shares)
2,353,493‌
79,820
(a)
Brinker
International,
Inc
4,278,352‌
63,800
Carriage
Services,
Inc
1,632,004‌
549,950
(a)
Coursera,
Inc
5,620,489‌
80,480
(a)
Duolingo,
Inc
18,168,360‌
266,920
(a)
Frontdoor,
Inc
8,191,775‌
353,619
International
Game
Technology
plc
6,980,439‌
696,290
Laureate
Education,
Inc
10,096,205‌
448,150
(a)
OneSpaWorld
Holdings
Ltd
5,700,468‌
200,220
Perdoceo
Education
Corp
3,664,026‌
350,520
(a)
Portillo's,
Inc
4,297,375‌
83,385
Strategic
Education,
Inc
9,575,933‌
108,240
(a)
Stride,
Inc
7,225,020‌
663,050
(a)
Sweetgreen,
Inc
14,898,734‌
51,420
Texas
Roadhouse,
Inc
(Class
A)
8,267,308‌
TOTAL
CONSUMER
SERVICES
110,949,981‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0
.4
%
68,188
Andersons,
Inc
3,746,249‌
272,740
(a)
Chefs'
Warehouse,
Inc
9,022,239‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
12,768,488‌
ENERGY
-
7
.7
%
420,980
Ardmore
Shipping
Corp
7,051,415‌
287,950
California
Resources
Corp
15,221,037‌
81,938
Chord
Energy
Corp
14,501,387‌
618,180
Crescent
Energy
Co
6,577,435‌
43,990
CVR
Energy,
Inc
1,336,416‌
335,870
Delek
US
Holdings,
Inc
9,179,327‌
640,890
DHT
Holdings,
Inc
7,318,964‌
513,500
(a)
Diamond
Offshore
Drilling,
Inc
6,285,240‌
357,920
(a)
Expro
Group
Holdings
NV
6,714,579‌
421,540
Golar
LNG
Ltd
10,336,161‌
798,468
(a)
Helix
Energy
Solutions
Group,
Inc
8,575,546‌
302,340
Liberty
Energy,
Inc
6,651,480‌
310,590
(b)
Magnolia
Oil
&
Gas
Corp
7,786,491‌
485,770
Murphy
Oil
Corp
21,684,773‌
333,640
(a)
Oceaneering
International,
Inc
7,643,693‌
427,659
(a)
Par
Pacific
Holdings,
Inc
13,171,897‌
846,800
(a)
ProPetro
Holding
Corp
7,384,096‌
185,940
Scorpio
Tankers,
Inc
13,082,739‌
216,100
(a)
Seadrill
Ltd
10,491,655‌
606,390
Select
Water
Solutions,
Inc
5,603,044‌
341,180
SM
Energy
Co
16,543,818‌
151,280
Teekay
Tankers
Ltd
8,815,086‌
249,960
Vitesse
Energy,
Inc
5,546,612‌
134,300
(a)
Weatherford
International
plc
16,602,166‌
TOTAL
ENERGY
234,105,057‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
5
.7
%
317,270
American
Assets
Trust,
Inc
6,773,714‌
793,000
Apple
Hospitality
REIT,
Inc
11,704,680‌
642,920
Broadstone
Net
Lease,
Inc
9,360,915‌
830,490
Empire
State
Realty
Trust,
Inc
7,557,459‌
546,160
Essential
Properties
Realty
Trust,
Inc
14,385,854‌
47
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
1,049,060
Hudson
Pacific
Properties,
Inc
$
6,084,548‌
192,850
Independence
Realty
Trust,
Inc
3,041,245‌
257,890
InvenTrust
Properties
Corp
6,534,933‌
545,110
JBG
SMITH
Properties
8,182,101‌
445,650
Kite
Realty
Group
Trust
9,715,170‌
263,550
Macerich
Co
3,626,448‌
566,500
Paramount
Group,
Inc
2,628,560‌
363,760
(c)
Phillips
Edison
&
Co,
Inc
11,894,952‌
876,470
Piedmont
Office
Realty
Trust,
Inc
6,038,878‌
830,040
RLJ
Lodging
Trust
9,130,440‌
163,210
Ryman
Hospitality
Properties,
Inc
17,215,391‌
907,210
Summit
Hotel
Properties,
Inc
5,452,332‌
949,330
Sunstone
Hotel
Investors,
Inc
9,683,166‌
499,740
Tanger
Factory
Outlet
Centers,
Inc
14,167,629‌
173,250
Terreno
Realty
Corp
9,416,138‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
172,594,553‌
FINANCIAL
SERVICES
-
5
.6
%
204,600
(b)
A-Mark
Precious
Metals,
Inc
8,198,322‌
224,090
ARMOUR
Residential
REIT,
Inc
4,071,715‌
265,330
Artisan
Partners
Asset
Management,
Inc
10,859,957‌
1,955,420
BGC
Group,
Inc
15,310,939‌
178,910
Enact
Holdings,
Inc
5,318,994‌
69,601
(a)
Enova
International,
Inc
4,212,949‌
291,090
Essent
Group
Ltd
15,419,037‌
440,040
(a)
Flywire
Corp
9,020,820‌
481,450
(a)
Green
Dot
Corp
4,212,687‌
396,220
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc
9,909,462‌
145,090
Jackson
Financial,
Inc
9,912,549‌
165,870
(a)
LendingTree,
Inc
8,006,545‌
656,240
MFA
Financial,
Inc
6,949,582‌
396,215
(a)
NMI
Holdings,
Inc
12,227,195‌
1,713,830
(a)
Payoneer
Global,
Inc
8,466,320‌
422,530
Radian
Group,
Inc
12,620,971‌
700,090
(a)
Repay
Holdings
Corp
7,119,915‌
193,400
Victory
Capital
Holdings,
Inc
9,836,324‌
41,100
Virtus
Investment
Partners,
Inc
9,014,052‌
TOTAL
FINANCIAL
SERVICES
170,688,335‌
FOOD,
BEVERAGE
&
TOBACCO
-
1
.5
%
72,802
Calavo
Growers,
Inc
1,962,014‌
160,630
Cal-Maine
Foods,
Inc
8,887,658‌
13,180
Coca-Cola
Consolidated
Inc
10,886,680‌
15,060
Lancaster
Colony
Corp
2,873,598‌
143,840
(a)
National
Beverage
Corp
6,400,880‌
544,490
Primo
Water
Corp
10,274,526‌
154,951
(a)
Vital
Farms,
Inc
4,146,489‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
45,431,845‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.1
%
102,776
(a)
Accolade,
Inc
784,181‌
75,940
(a)
Addus
HomeCare
Corp
7,301,631‌
556,080
(a)
Alphatec
Holdings,
Inc
7,017,729‌
359,550
(a)
Angiodynamics,
Inc
2,081,794‌
251,380
(a)
AtriCure,
Inc
6,063,286‌
1,289,770
(a)
Brookdale
Senior
Living,
Inc
8,757,538‌
414,000
(a)
Guardant
Health,
Inc
7,452,000‌
429,260
(a)
Health
Catalyst,
Inc
2,669,997‌
130,674
HealthStream,
Inc
3,367,469‌
1,101,470
(a)
Hims
&
Hers
Health,
Inc
13,801,419‌
171,970
(a)
Inari
Medical,
Inc
6,421,360‌
135,010
(a)
Inmode
Ltd
2,320,822‌
117,670
(a)
Integer
Holdings
Corp
13,135,502‌
Quant
Small
Cap
Equity
Fund
April
30,
2024
48
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
214,747
(a)
Lantheus
Holdings,
Inc
$
14,289,265‌
205,230
(a)
LivaNova
plc
11,441,572‌
483,220
(a)
Option
Care
Health,
Inc
14,443,446‌
221,940
(a)
Owens
&
Minor,
Inc
5,490,796‌
96,530
(a)
Progyny,
Inc
3,094,752‌
228,120
(a)
RxSight,
Inc
11,891,896‌
400,010
Select
Medical
Holdings
Corp
11,348,284‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
153,174,739‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.7
%
401,350
(a)
BellRing
Brands,
Inc
22,142,479‌
186,790
(a)
elf
Beauty,
Inc
30,358,979‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
52,501,458‌
INSURANCE
-
1
.3
%
298,900
(a)
BRP
Group,
Inc
7,962,696‌
129,200
Employers
Holdings,
Inc
5,502,628‌
139,290
F&G
Annuities
&
Life,
Inc
5,267,948‌
267,927
Fidelis
Insurance
Holdings
Ltd
4,978,084‌
45,720
(a)
Palomar
Holdings,
Inc
3,596,792‌
114,950
Selective
Insurance
Group,
Inc
11,684,667‌
TOTAL
INSURANCE
38,992,815‌
MATERIALS
-
4
.7
%
311,623
(a)
Allegheny
Technologies,
Inc
18,603,893‌
328,150
(a)
Aspen
Aerogels,
Inc
5,138,829‌
163,870
Cabot
Corp
14,949,860‌
90,210
Carpenter
Technology
Corp
7,730,997‌
778,470
(a)
Coeur
Mining,
Inc
3,518,685‌
197,920
Commercial
Metals
Co
10,636,221‌
380,380
(a)
Constellium
SE
7,489,682‌
88,110
Innospec,
Inc
10,573,200‌
177,120
(a)
Knife
River
Corp
13,849,013‌
80,510
Materion
Corp
9,253,819‌
153,700
Minerals
Technologies,
Inc
11,203,193‌
96,664
Olympic
Steel,
Inc
6,144,931‌
469,310
(a)
Rayonier
Advanced
Materials,
Inc
1,750,526‌
232,500
Ryerson
Holding
Corp
6,637,875‌
18,441
Sensient
Technologies
Corp
1,350,250‌
349,490
(a)
Summit
Materials,
Inc
13,595,161‌
TOTAL
MATERIALS
142,426,135‌
MEDIA
&
ENTERTAINMENT
-
2
.2
%
109,690
(a)
Atlanta
Braves
Holdings,
Inc
4,105,697‌
488,970
(a),(b)
Cardlytics,
Inc
5,989,882‌
164,820
(a)
Cars.com,
Inc
2,754,142‌
293,011
(a),(b)
IMAX
Corp
4,691,106‌
479,730
(a)
Integral
Ad
Science
Holding
Corp
4,600,611‌
130,370
John
Wiley
&
Sons,
Inc
(Class
A)
4,898,001‌
759,500
(a)
Lions
Gate
Entertainment
Corp
(Class
B)
7,162,085‌
196,210
(a)
Madison
Square
Garden
Entertainment
Corp
7,681,621‌
430,764
(a)
Magnite,
Inc
3,803,646‌
313,090
(a)
PubMatic,
Inc
7,025,740‌
900,930
(a)
Vimeo,
Inc
3,234,339‌
259,170
(a)
Yelp,
Inc
10,429,001‌
TOTAL
MEDIA
&
ENTERTAINMENT
66,375,871‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
9
.5
%
1,783,160
(a)
ADMA
Biologics,
Inc
11,626,203‌
457,090
(a)
Alkermes
plc
11,216,989‌
213,930
(a)
Alpine
Immune
Sciences,
Inc
13,817,739‌
760,430
(a)
Amicus
Therapeutics,
Inc
7,596,696‌
92,140
(a)
Amphastar
Pharmaceuticals,
Inc
3,800,775‌
126,060
(a)
ANI
Pharmaceuticals,
Inc
8,319,960‌
389,450
(a)
Annexon,
Inc
1,771,997‌
49
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
1,503,480
(a)
Ardelyx,
Inc
$
9,622,272‌
66,780
(a)
Arvinas,
Inc
2,121,601‌
847,450
(a)
Aurinia
Pharmaceuticals,
Inc
4,313,520‌
384,510
(a)
Avidity
Biosciences,
Inc
9,278,226‌
1,242,950
(a)
BioCryst
Pharmaceuticals,
Inc
5,133,383‌
89,380
(a)
Blueprint
Medicines
Corp
8,163,969‌
450,900
(a),(b)
Catalyst
Pharmaceuticals,
Inc
6,786,045‌
226,810
(a)
Celldex
Therapeutics,
Inc
8,487,230‌
673,941
(a)
Codexis,
Inc
1,961,168‌
790,040
(a)
Cogent
Biosciences,
Inc
5,135,260‌
422,490
(a)
Deciphera
Pharmaceuticals,
Inc
10,676,322‌
208,550
(a)
Dynavax
Technologies
Corp
2,371,213‌
779,570
(a)
Editas
Medicine,
Inc
4,061,560‌
469,310
(a)
Evolus,
Inc
5,523,779‌
342,870
(a)
Halozyme
Therapeutics,
Inc
13,063,347‌
197,183
(a)
Harmony
Biosciences
Holdings,
Inc
6,094,927‌
336,880
(a)
Insmed,
Inc
8,327,674‌
193,392
(a)
Intra-Cellular
Therapies,
Inc
13,887,480‌
274,680
(a)
Iovance
Biotherapeutics,
Inc
3,235,730‌
641,990
(a)
Ironwood
Pharmaceuticals,
Inc
4,975,423‌
336,740
(a)
Kiniksa
Pharmaceuticals
Ltd
6,303,773‌
255,980
(a)
MacroGenics,
Inc
3,783,384‌
726,070
(a)
MannKind
Corp
2,984,148‌
234,970
(a)
Mirum
Pharmaceuticals,
Inc
5,900,097‌
466,560
(a)
Myriad
Genetics,
Inc
9,130,579‌
406,080
(a)
Nurix
Therapeutics,
Inc
4,881,082‌
428,360
(a)
Ocular
Therapeutix,
Inc
2,030,426‌
140,804
Phibro
Animal
Health
Corp
2,351,427‌
161,770
(a)
Protagonist
Therapeutics,
Inc
4,062,045‌
282,900
(a)
Quanterix
Corp
4,560,348‌
1,942,260
(a)
Rigel
Pharmaceuticals,
Inc
2,039,373‌
131,580
(a)
SpringWorks
Therapeutics,
Inc
6,143,470‌
95,370
(a)
Supernus
Pharmaceuticals,
Inc
2,870,637‌
215,680
(a)
Syndax
Pharmaceuticals,
Inc
4,557,318‌
552,340
(a)
TG
Therapeutics,
Inc
7,544,964‌
554,400
(a)
Travere
Therapeutics,
Inc
3,065,832‌
252,990
(a)
Veracyte,
Inc
4,951,014‌
235,850
(a)
Vericel
Corp
10,818,440‌
6,520
(a)
Vertex
Pharmaceuticals,
Inc
2,561,121‌
477,670
(a)
Verve
Therapeutics,
Inc
2,870,797‌
222,605
(a)
Viridian
Therapeutics,
Inc
2,951,742‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
287,732,505‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
2
.7
%
325,760
(a)
ACM
Research,
Inc
8,313,395‌
88,980
(a)
Ambarella,
Inc
4,090,411‌
86,130
(a)
Axcelis
Technologies,
Inc
8,916,178‌
517,910
(a)
Credo
Technology
Group
Holding
Ltd
9,255,052‌
351,580
(a)
MaxLinear,
Inc
7,309,348‌
136,600
(a)
PDF
Solutions,
Inc
4,108,928‌
434,440
(a)
Photronics,
Inc
11,908,000‌
289,450
(a)
Rambus,
Inc
15,867,649‌
96,288
(a)
SMART
Global
Holdings,
Inc
1,759,182‌
275,360
(a)
Veeco
Instruments,
Inc
9,731,222‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
81,259,365‌
SOFTWARE
&
SERVICES
-
6
.4
%
64,920
(a)
Agilysys,
Inc
5,391,606‌
44,720
(a)
Alarm.com
Holdings,
Inc
2,973,880‌
222,560
(a)
Alkami
Technology,
Inc
5,357,019‌
320,780
(a),(b)
Asana,
Inc
4,769,999‌
119,740
(a)
Blackbaud,
Inc
9,330,141‌
726,810
(a)
Cipher
Mining,
Inc
2,703,733‌
133,480
(a)
Cleanspark,
Inc
2,186,402‌
Quant
Small
Cap
Equity
Fund
April
30,
2024
50
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
407,020
Clear
Secure,
Inc
$
7,110,639‌
158,230
(a)
Commvault
Systems,
Inc
16,213,828‌
279,350
(a)
Fastly,
Inc
3,533,777‌
615,490
(a)
Freshworks,
Inc
10,986,497‌
172,620
(a)
Intapp,
Inc
5,337,410‌
301,970
(a)
LiveRamp
Holdings,
Inc
9,696,257‌
229,740
(a)
Model
N,
Inc
6,811,791‌
852,890
(a)
Olo,
Inc
4,093,872‌
119,220
(a)
PROS
Holdings,
Inc
3,904,455‌
194,820
(a)
Q2
Holdings,
Inc
10,011,800‌
60,240
(a)
Qualys,
Inc
9,873,938‌
207,454
(a)
Rapid7,
Inc
9,293,939‌
62,910
(a)
Sprout
Social,
Inc
3,173,810‌
33,356
(a)
SPS
Commerce,
Inc
5,799,608‌
268,810
(a)
Squarespace,
Inc
9,370,717‌
263,180
(a)
Tenable
Holdings,
Inc
11,835,205‌
326,200
(a)
Varonis
Systems,
Inc
14,271,250‌
248,130
(a)
Verint
Systems,
Inc
7,513,376‌
60,930
(a)
Workiva,
Inc
4,801,284‌
537,140
(a)
Zeta
Global
Holdings
Corp
6,639,050‌
TOTAL
SOFTWARE
&
SERVICES
192,985,283‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.7
%
948,670
(a)
CommScope
Holding
Co,
Inc
848,111‌
358,150
(a)
Extreme
Networks,
Inc
4,011,280‌
56,650
(a)
Fabrinet
9,804,415‌
1,601,190
(a),(b)
Infinera
Corp
7,717,736‌
47,443
(a)
OSI
Systems,
Inc
6,235,908‌
362,161
(a)
Sanmina
Corp
21,972,308‌
97,840
(a)
Super
Micro
Computer,
Inc
84,024,992‌
43,559
(a)
Vishay
Precision
Group,
Inc
1,437,447‌
506,270
Xerox
Holdings
Corp
6,728,328‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
142,780,525‌
TELECOMMUNICATION
SERVICES
-
0
.7
%
298,340
(a)
Bandwidth,
Inc
5,429,788‌
1,859,290
(a),(b)
Globalstar,
Inc
2,398,484‌
157,720
Iridium
Communications,
Inc
4,856,199‌
574,800
Telephone
and
Data
Systems,
Inc
8,995,620‌
TOTAL
TELECOMMUNICATION
SERVICES
21,680,091‌
TRANSPORTATION
-
1
.8
%
89,442
ArcBest
Corp
9,920,012‌
448,550
Costamare,
Inc
5,373,629‌
123,496
Forward
Air
Corp
2,719,382‌
261,218
Hub
Group,
Inc
(Class
A)
10,506,188‌
13,090
(a)
Saia,
Inc
5,194,505‌
241,280
(a)
Skywest,
Inc
17,620,679‌
267,240
(a)
Sun
Country
Airlines
Holdings,
Inc
3,556,964‌
TOTAL
TRANSPORTATION
54,891,359‌
UTILITIES
-
1
.8
%
192,420
Allete,
Inc
11,395,112‌
230,938
Black
Hills
Corp
12,678,496‌
416,829
Brookfield
Infrastructure
Corp
12,700,780‌
193,450
ONE
Gas,
Inc
12,481,394‌
75,830
Unitil
Corp
3,862,780‌
TOTAL
UTILITIES
53,118,562‌
TOTAL
COMMON
STOCKS
2,968,489,956‌
(Cost
$2,449,891,485)
TOTAL
LONG-TERM
INVESTMENTS
2,968,489,956‌
(Cost
$2,449,891,485)
51
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
1.9%
REPURCHASE
AGREEMENT
-
0
.8
%
$
24,925,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
$
24,925,000‌
TOTAL
REPURCHASE
AGREEMENT
24,925,000‌
TREASURY
DEBT
-
1
.1
%
12,500,000
United
States
Treasury
Bill
0
.000
05/09/24
12,485,329‌
5,000,000
United
States
Treasury
Bill
0
.000
05/30/24
4,978,753‌
5,000,000
United
States
Treasury
Bill
0
.000
06/06/24
4,973,588‌
10,000,000
United
States
Treasury
Bill
0
.000
06/11/24
9,940,038‌
TOTAL
TREASURY
DEBT
32,377,708‌
TOTAL
SHORT-TERM
INVESTMENTS
57,302,708‌
(Cost
$57,302,549)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.5%
16,633,420
(e)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(f)
16,633,420‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
16,633,420‌
(Cost
$16,633,420)
TOTAL
INVESTMENTS
-
100.5%
3,042,426,084‌
(Cost
$2,523,827,454)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.5)%
(
15,313,145‌
)
NET
ASSETS
-
100.0%
$
3,027,112,939‌
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$32,577,182.
(c)
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$24,928,676
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$25,423,596.
(e)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(f)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Russell
2000
E-Mini
Index
510‌
06/21/24
 $
52,851,490‌
$
50,632,800‌
$
(
2,218,690‌
)
Quant
Small/Mid
Cap
Equity
Fund
April
30,
2024
Portfolio
of
Investments
52
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.8%
COMMON
STOCKS
-
99.8%
AUTOMOBILES
&
COMPONENTS
-
0
.6
%
99,821
(a)
Adient
plc
$
2,981,653‌
72,050
(a)
Stoneridge,
Inc
1,079,309‌
31,374
(a)
Visteon
Corp
3,470,906‌
TOTAL
AUTOMOBILES
&
COMPONENTS
7,531,868‌
BANKS
-
6
.0
%
79,886
Ameris
Bancorp
3,792,987‌
96,103
(a)
Axos
Financial,
Inc
4,863,773‌
5,629
Bancfirst
Corp
501,938‌
111,114
Bank
of
NT
Butterfield
&
Son
Ltd
3,777,876‌
112,182
Bank
OZK
5,008,926‌
125,445
BankUnited,
Inc
3,353,145‌
72,211
Berkshire
Hills
Bancorp,
Inc
1,539,538‌
300,548
Capitol
Federal
Financial,
Inc
1,433,614‌
52,099
Cathay
General
Bancorp
1,794,290‌
85,086
Central
Pacific
Financial
Corp
1,696,615‌
41,408
(a)
Customers
Bancorp,
Inc
1,891,103‌
138,370
CVB
Financial
Corp
2,260,966‌
90,965
East
West
Bancorp,
Inc
6,775,983‌
19,297
Enterprise
Financial
Services
Corp
733,479‌
72,680
First
Commonwealth
Financial
Corp
958,649‌
136,571
First
Financial
Bankshares,
Inc
4,037,039‌
167,815
First
Hawaiian,
Inc
3,539,218‌
153,300
First
Horizon
National
Corp
2,287,236‌
96,000
Hancock
Whitney
Corp
4,357,440‌
70,425
International
Bancshares
Corp
3,919,151‌
87,323
National
Bank
Holdings
Corp
2,858,082‌
103,372
OFG
Bancorp
3,732,763‌
134,096
Pacific
Premier
Bancorp,
Inc
2,883,064‌
74,744
Prosperity
Bancshares,
Inc
4,631,886‌
80,893
Renasant
Corp
2,350,751‌
23,141
Westamerica
Bancorporation
1,077,213‌
TOTAL
BANKS
76,056,725‌
CAPITAL
GOODS
-
19
.2
%
75,090
A.O.
Smith
Corp
6,220,456‌
6,642
(a)
Aerovironment,
Inc
1,061,325‌
28,012
Albany
International
Corp
(Class
A)
2,233,957‌
91,300
Allison
Transmission
Holdings,
Inc
6,715,115‌
78,192
(a)
API
Group
Corp
3,015,865‌
28,568
Applied
Industrial
Technologies,
Inc
5,235,086‌
6,007
Armstrong
World
Industries,
Inc
690,084‌
33,053
Atkore,
Inc
5,794,191‌
106,071
(a)
AZEK
Co,
Inc
4,841,080‌
52,267
(a)
Beacon
Roofing
Supply,
Inc
5,149,868‌
91,600
(a)
Blue
Bird
Corp
3,018,678‌
38,927
Boise
Cascade
Co
5,148,874‌
43,043
(a)
Builders
FirstSource,
Inc
7,869,121‌
33,134
Comfort
Systems
USA,
Inc
10,251,991‌
63,842
(a)
Construction
Partners,
Inc
3,296,801‌
109,814
(a)
Core
&
Main,
Inc
6,201,197‌
42,966
Crane
Co
6,015,670‌
25,081
Curtiss-Wright
Corp
6,356,027‌
263,002
(a)
DNOW,
Inc
3,710,958‌
24,228
Donaldson
Co,
Inc
1,749,262‌
23,973
EMCOR
Group,
Inc
8,562,436‌
92,099
Enerpac
Tool
Group
Corp
3,281,487‌
40,947
EnerSys
3,703,656‌
53
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
5,443
EnPro
Industries,
Inc
$
817,158‌
55,957
Esab
Corp
5,924,727‌
36,100
ESCO
Technologies,
Inc
3,662,345‌
56,961
Federal
Signal
Corp
4,630,929‌
115,524
Flowserve
Corp
5,448,112‌
117,087
(a)
Fluor
Corp
4,722,119‌
38,173
(a)
Gibraltar
Industries,
Inc
2,727,843‌
75,560
Griffon
Corp
4,950,691‌
53,299
Howmet
Aerospace,
Inc
3,557,708‌
15,052
Hubbell,
Inc
5,577,067‌
62,731
ITT,
Inc
8,113,628‌
289,159
(a)
Janus
International
Group,
Inc
4,166,781‌
8,093
Lennox
International,
Inc
3,750,458‌
246,025
(a)
MRC
Global,
Inc
2,762,861‌
257,100
Mueller
Water
Products,
Inc
(Class
A)
4,072,464‌
88,392
nVent
Electric
plc
6,370,412‌
47,405
Oshkosh
Corp
5,322,159‌
22,335
(a)
Parsons
Corp
1,753,521‌
11,123
Pentair
plc
879,718‌
97,400
Primoris
Services
Corp
4,538,840‌
69,800
REV
Group,
Inc
1,525,828‌
61,662
Rush
Enterprises,
Inc
(Class
A)
2,708,195‌
47,173
(a)
SPX
Technologies,
Inc
5,746,143‌
32,800
Tennant
Co
3,820,544‌
43,276
Textron,
Inc
3,660,717‌
43,633
(a)
Titan
Machinery,
Inc
971,271‌
175,520
(a)
Triumph
Group,
Inc
2,344,947‌
23,323
(a)
V2X,
Inc
1,133,031‌
197,186
Vertiv
Holdings
Co
18,338,298‌
79,635
Wabash
National
Corp
1,840,365‌
8,628
WESCO
International,
Inc
1,317,927‌
40,123
Woodward
Inc
6,514,370‌
TOTAL
CAPITAL
GOODS
243,794,362‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
3
.8
%
241,464
(a)
ACV
Auctions,
Inc
4,213,547‌
60,910
Booz
Allen
Hamilton
Holding
Corp
8,994,580‌
17,270
Brink's
Co
1,510,434‌
26,921
(a)
ExlService
Holdings,
Inc
780,709‌
35,489
Insperity,
Inc
3,652,883‌
85,800
KBR,
Inc
5,571,852‌
51,228
Kforce,
Inc
3,163,841‌
27,575
MSA
Safety,
Inc
4,974,530‌
25,537
Tetra
Tech,
Inc
4,972,564‌
31,500
TriNet
Group,
Inc
3,161,655‌
274,163
(a)
Upwork,
Inc
3,207,707‌
209,395
Vestis
Corp
3,857,056‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
48,061,358‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3
.2
%
19,540
(a)
Asbury
Automotive
Group,
Inc
4,108,090‌
139,480
Bath
&
Body
Works,
Inc
6,335,182‌
335,887
(a)
CarParts.com,
Inc
413,141‌
6,100
Dillard's,
Inc
(Class
A)
2,671,739‌
74,900
Gap,
Inc
1,536,948‌
15,577
Murphy
USA,
Inc
6,446,074‌
212,000
Nordstrom,
Inc
4,030,120‌
58,033
Sonic
Automotive,
Inc
(Class
A)
3,356,629‌
713,507
(a)
Stitch
Fix,
Inc
1,512,635‌
108,503
(a)
Urban
Outfitters,
Inc
4,227,277‌
49,637
(a)
Valvoline,
Inc
2,110,565‌
154,267
(a)
Warby
Parker,
Inc
1,811,094‌
Quant
Small/Mid
Cap
Equity
Fund
April
30,
2024
54
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL—continued
54,374
(a)
Wayfair,
Inc
$
2,726,856‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
41,286,350‌
CONSUMER
DURABLES
&
APPAREL
-
3
.4
%
35,500
Carter's,
Inc
2,428,555‌
28,381
Installed
Building
Products,
Inc
6,690,253‌
67,516
Kontoor
Brands,
Inc
4,190,043‌
94,717
Leggett
&
Platt,
Inc
1,711,536‌
18,900
Ralph
Lauren
Corp
3,092,796‌
204,828
(a)
Sonos,
Inc
3,461,593‌
91,703
Steven
Madden
Ltd
3,705,719‌
24,679
(a)
TopBuild
Corp
9,986,851‌
117,800
(a)
Tri
Pointe
Homes,
Inc
4,340,930‌
132,603
(a)
Under
Armour,
Inc
(Class
A)
892,418‌
29,900
Whirlpool
Corp
2,836,314‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
43,337,008‌
CONSUMER
SERVICES
-
4
.5
%
155,000
Aramark
4,884,050‌
85,656
(a)
Brinker
International,
Inc
4,591,162‌
32,300
Choice
Hotels
International,
Inc
3,819,798‌
187,474
(a)
Denny's
Corp
1,503,541‌
25,545
(a)
Duolingo,
Inc
5,766,784‌
181,160
(a)
Everi
Holdings,
Inc
1,480,077‌
122,445
(a)
Frontdoor,
Inc
3,757,837‌
128,763
H&R
Block,
Inc
6,081,476‌
152,891
International
Game
Technology
plc
3,018,068‌
220,541
Laureate
Education,
Inc
3,197,845‌
41,931
Strategic
Education,
Inc
4,815,356‌
45,025
Texas
Roadhouse,
Inc
(Class
A)
7,239,120‌
173,711
Wendy's
Co
3,472,483‌
1,800
Wingstop,
Inc
692,622‌
30,616
Wyndham
Hotels
&
Resorts,
Inc
2,250,582‌
7,872
Wynn
Resorts
Ltd
721,469‌
TOTAL
CONSUMER
SERVICES
57,292,270‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.6
%
60,027
Albertsons
Cos,
Inc
1,224,551‌
50,548
Andersons,
Inc
2,777,107‌
36,599
(a)
Chefs'
Warehouse,
Inc
1,210,695‌
103,000
(a)
Grocery
Outlet
Holding
Corp
2,674,910‌
88,091
(a)
Performance
Food
Group
Co
5,979,617‌
98,250
(a)
United
Natural
Foods,
Inc
877,373‌
109,986
(a)
US
Foods
Holding
Corp
5,526,796‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
20,271,049‌
ENERGY
-
5
.6
%
226,752
Archrock,
Inc
4,351,371‌
70,866
California
Resources
Corp
3,745,977‌
84,600
ChampionX
Corp
2,840,022‌
37,767
Chesapeake
Energy
Corp
3,394,498‌
246,400
Crescent
Energy
Co
2,621,696‌
121,103
Delek
US
Holdings,
Inc
3,309,745‌
192,880
(a)
Diamond
Offshore
Drilling,
Inc
2,360,851‌
26,516
(a)
Gulfport
Energy
Operating
Corp
4,208,354‌
87,501
(a)
Helix
Energy
Solutions
Group,
Inc
939,761‌
93,800
HF
Sinclair
Corp
5,088,650‌
119,931
Murphy
Oil
Corp
5,353,720‌
142,865
Ovintiv,
Inc
7,331,832‌
100,877
(a)
Par
Pacific
Holdings,
Inc
3,107,012‌
52,354
PBF
Energy,
Inc
2,788,897‌
83,094
(a)
Seadrill
Ltd
4,034,214‌
503,711
(a)
Southwestern
Energy
Co
3,772,795‌
185,100
TechnipFMC
plc
4,742,262‌
103,521
Vitesse
Energy,
Inc
2,297,131‌
55
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
7,839
(a)
Weatherford
International
plc
$
969,057‌
144,159
World
Fuel
Services
Corp
3,387,736‌
TOTAL
ENERGY
70,645,581‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
6
.0
%
115,595
Acadia
Realty
Trust
1,997,482‌
84,405
Agree
Realty
Corp
4,829,654‌
93,489
Alexander
&
Baldwin,
Inc
1,539,764‌
131,574
American
Assets
Trust,
Inc
2,809,105‌
193,984
American
Homes
4
Rent
6,944,627‌
128,182
Americold
Realty
Trust,
Inc
2,816,159‌
137,385
Apartment
Income
REIT
Corp
5,272,836‌
131,265
Brixmor
Property
Group,
Inc
2,900,956‌
173,588
CareTrust
REIT,
Inc
4,291,095‌
152,100
Corporate
Office
Properties
Trust
3,645,837‌
159,177
Easterly
Government
Properties,
Inc
1,860,779‌
3,949
EastGroup
Properties,
Inc
613,517‌
51,253
EPR
Properties
2,080,359‌
20,400
Equity
Lifestyle
Properties,
Inc
1,229,916‌
73,428
Essential
Properties
Realty
Trust,
Inc
1,934,093‌
33,598
Federal
Realty
Investment
Trust
3,499,904‌
101,286
First
Industrial
Realty
Trust,
Inc
4,600,410‌
213,661
Kite
Realty
Group
Trust
4,657,810‌
139,522
Lexington
Realty
Trust
1,165,009‌
132,271
Mack-Cali
Realty
Corp
1,906,025‌
187,299
Piedmont
Office
Realty
Trust,
Inc
1,290,490‌
70,546
Regency
Centers
Corp
4,177,734‌
46,643
Ryman
Hospitality
Properties,
Inc
4,919,904‌
264,184
Sabra
Health
Care
REIT,
Inc
3,677,441‌
200,145
Service
Properties
Trust
1,226,889‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
75,887,795‌
FINANCIAL
SERVICES
-
7
.6
%
29,685
Ally
Financial,
Inc
1,138,420‌
138,954
BGC
Group,
Inc
1,088,010‌
136,129
Brightsphere
Investment
Group,
Inc
3,027,509‌
135,542
(a)
Cannae
Holdings,
Inc
2,636,292‌
24,505
Cboe
Global
Markets,
Inc
4,439,081‌
72,772
Corebridge
Financial,
Inc
1,932,824‌
40,494
Essent
Group
Ltd
2,144,967‌
143,430
(a)
Flywire
Corp
2,940,315‌
29,242
Hamilton
Lane,
Inc
3,266,916‌
9,391
Intercontinental
Exchange,
Inc
1,209,185‌
19,157
Jack
Henry
&
Associates,
Inc
3,116,652‌
103,173
Jackson
Financial,
Inc
7,048,779‌
68,700
Janus
Henderson
Group
plc
2,144,814‌
127,249
Jefferies
Financial
Group,
Inc
5,479,342‌
96,879
Lazard,
Inc
3,729,842‌
116,202
(a)
NMI
Holdings,
Inc
3,585,994‌
106,145
OneMain
Holdings,
Inc
5,531,216‌
296,829
(a)
Pagseguro
Digital
Ltd
3,695,521‌
476,896
(a)
Payoneer
Global,
Inc
2,355,866‌
364,230
(a)
Robinhood
Markets,
Inc
6,006,153‌
104,383
StepStone
Group,
Inc
3,765,095‌
46,112
(a)
StoneX
Group,
Inc
3,347,731‌
62,777
(a)
Toast,
Inc
1,483,421‌
45,000
(b)
Vanguard
Russell
2000
ETF
3,562,200‌
16,000
Vanguard
Small-Cap
ETF
3,420,640‌
87,204
Victory
Capital
Holdings,
Inc
4,435,195‌
187,059
Virtu
Financial,
Inc
4,059,180‌
228,262
Western
Union
Co
3,067,841‌
119,699
XP,
Inc
2,450,239‌
TOTAL
FINANCIAL
SERVICES
96,109,240‌
Quant
Small/Mid
Cap
Equity
Fund
April
30,
2024
56
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FOOD,
BEVERAGE
&
TOBACCO
-
1
.2
%
51,658
(a)
Darling
International,
Inc
$
2,188,750‌
46,421
Ingredion,
Inc
5,319,382‌
86,117
(a)
Pilgrim's
Pride
Corp
3,101,934‌
266,680
Primo
Water
Corp
5,032,252‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
15,642,318‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
3
.7
%
160,048
(a)
Accolade,
Inc
1,221,166‌
139
(a)
agilon
health,
Inc
764‌
99,929
(a)
Alphatec
Holdings,
Inc
1,261,104‌
75,611
(a)
AtriCure,
Inc
1,823,737‌
58,756
(a)
Axonics,
Inc
3,911,387‌
393,000
(a)
Brookdale
Senior
Living,
Inc
2,668,470‌
44,039
(a)
Guardant
Health,
Inc
792,702‌
422,135
(a)
Hims
&
Hers
Health,
Inc
5,289,352‌
10,323
(a)
Inari
Medical,
Inc
385,461‌
35,500
(a)
iRhythm
Technologies,
Inc
3,890,090‌
77,932
(a)
LivaNova
plc
4,344,709‌
141,459
(a)
Option
Care
Health,
Inc
4,228,209‌
65,683
(a)
Owens
&
Minor,
Inc
1,624,997‌
122,044
(a)
Phreesia,
Inc
2,531,193‌
73,264
(a)
Privia
Health
Group,
Inc
1,348,058‌
81,218
(a)
RxSight,
Inc
4,233,894‌
67,891
Select
Medical
Holdings
Corp
1,926,068‌
135,172
(a)
Teladoc
Health,
Inc
1,723,443‌
31,700
(a)
Tenet
Healthcare
Corp
3,559,593‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
46,764,397‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.7
%
125,235
(a)
BellRing
Brands,
Inc
6,909,215‌
9,578
(a)
elf
Beauty,
Inc
1,556,712‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
8,465,927‌
INSURANCE
-
3
.8
%
45,309
American
Financial
Group,
Inc
5,788,225‌
50,409
Assured
Guaranty
Ltd
3,866,370‌
71,529
Axis
Capital
Holdings
Ltd
4,386,874‌
15,968
Brown
&
Brown,
Inc
1,302,031‌
27,366
Globe
Life,
Inc
2,084,468‌
17,654
Hanover
Insurance
Group,
Inc
2,291,842‌
157,713
Lincoln
National
Corp
4,300,833‌
164,700
Old
Republic
International
Corp
4,917,942‌
473,625
(a)
Oscar
Health,
Inc
8,226,866‌
26,629
Reinsurance
Group
of
America,
Inc
(Class
A)
4,979,357‌
20,300
Ryan
Specialty
Holdings,
Inc
1,001,602‌
50,543
Selective
Insurance
Group,
Inc
5,137,696‌
TOTAL
INSURANCE
48,284,106‌
MATERIALS
-
3
.2
%
79,312
Berry
Global
Group,
Inc
4,492,232‌
71,778
Carpenter
Technology
Corp
6,151,374‌
255,059
(a)
Constellium
SE
5,022,112‌
23,867
Innospec,
Inc
2,864,040‌
52,766
Minerals
Technologies,
Inc
3,846,114‌
43,402
Royal
Gold,
Inc
5,213,882‌
99,288
Ryerson
Holding
Corp
2,834,672‌
260,174
SSR
Mining,
Inc
1,394,533‌
123,312
(a)
Summit
Materials,
Inc
4,796,837‌
17,926
Worthington
Industries,
Inc
1,024,650‌
85,377
Worthington
Steel,
Inc
2,628,758‌
TOTAL
MATERIALS
40,269,204‌
MEDIA
&
ENTERTAINMENT
-
1
.1
%
619,851
(a)
Clear
Channel
Outdoor
Holdings,
Inc
861,593‌
308,482
(a)
Eventbrite,
Inc
1,628,785‌
57
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
140,553
Gray
Television,
Inc
$
808,180‌
197,428
(a)
Integral
Ad
Science
Holding
Corp
1,893,334‌
22,971
(a)
Liberty
Media
Corp-Liberty
Live
(Class
C)
857,278‌
136,402
(a)
Liberty
Media
Corp-Liberty
SiriusXM
3,281,832‌
95,452
(a)
Lions
Gate
Entertainment
Corp
(Class
A)
963,111‌
81,868
(a)
Yelp,
Inc
3,294,368‌
TOTAL
MEDIA
&
ENTERTAINMENT
13,588,481‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
6
.6
%
16,699
(a),(b)
Axsome
Therapeutics,
Inc
1,231,718‌
401,560
(a)
BioCryst
Pharmaceuticals,
Inc
1,658,443‌
38,785
Bruker
BioSciences
Corp
3,025,618‌
224,431
(a)
Codexis,
Inc
653,094‌
182,162
(a)
Deciphera
Pharmaceuticals,
Inc
4,603,234‌
87,000
(a)
Denali
Therapeutics,
Inc
1,343,280‌
163,420
(a)
Elanco
Animal
Health,
Inc
2,150,607‌
98,773
(a)
Exact
Sciences
Corp
5,862,178‌
219,403
(a)
Exelixis,
Inc
5,147,194‌
121,801
(a)
Halozyme
Therapeutics,
Inc
4,640,618‌
65,987
(a)
Intra-Cellular
Therapies,
Inc
4,738,526‌
15,846
(a)
Medpace
Holdings,
Inc
6,153,794‌
120,300
(a)
Myriad
Genetics,
Inc
2,354,271‌
85,677
(a)
Natera,
Inc
7,957,680‌
53,729
(a)
Neurocrine
Biosciences,
Inc
7,389,887‌
140,823
Perrigo
Co
plc
4,599,279‌
118,957
(a)
PTC
Therapeutics,
Inc
3,824,468‌
131,073
QIAGEN
NV
5,548,320‌
13,853
(a)
Sarepta
Therapeutics,
Inc
1,754,621‌
18,533
(a)
United
Therapeutics
Corp
4,342,838‌
125,992
(a)
Veracyte,
Inc
2,465,663‌
24,700
(a)
Vericel
Corp
1,132,989‌
100,629
(a)
Viridian
Therapeutics,
Inc
1,334,341‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
83,912,661‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.4
%
897,770
(a)
Compass,
Inc
2,827,976‌
136,914
(b)
eXp
World
Holdings,
Inc
1,363,663‌
25,261
(a)
Zillow
Group,
Inc
(Class
A)
1,060,962‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
5,252,601‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
1
.3
%
116,578
(a)
Allegro
MicroSystems,
Inc
3,461,201‌
21,900
(a)
Cirrus
Logic,
Inc
1,939,683‌
200,442
(a)
Credo
Technology
Group
Holding
Ltd
3,581,899‌
48,237
(a)
Formfactor,
Inc
2,150,888‌
14,907
(a)
Lattice
Semiconductor
Corp
1,022,620‌
168,501
(a)
Photronics,
Inc
4,618,612‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
16,774,903‌
SOFTWARE
&
SERVICES
-
7
.8
%
67,870
Amdocs
Ltd
5,700,401‌
20,561
(a)
Appfolio,
Inc
4,662,824‌
136,340
(a)
AppLovin
Corp
9,621,514‌
144,900
(a)
Box,
Inc
3,770,298‌
346,500
(a)
CCC
Intelligent
Solutions
Holdings,
Inc
3,887,730‌
196,703
Clear
Secure,
Inc
3,436,401‌
45,900
(a)
Commvault
Systems,
Inc
4,703,373‌
74,100
(a)
Confluent,
Inc
2,083,692‌
67,216
(a)
Domo,
Inc
506,137‌
54,989
(a)
Dynatrace,
Inc
2,491,552‌
60,014
(a)
Elastic
NV
6,134,631‌
15,444
(a)
Everbridge,
Inc
536,679‌
72,307
(a)
Five9,
Inc
4,162,714‌
32,500
(a)
Gitlab,
Inc
1,705,275‌
186,534
(a)
Kyndryl
Holdings,
Inc
3,667,259‌
Quant
Small/Mid
Cap
Equity
Fund
April
30,
2024
58
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
9,872
(a)
Manhattan
Associates,
Inc
$
2,034,224‌
79,692
(a)
Marathon
Digital
Holdings,
Inc
1,279,854‌
159,756
(a)
Nutanix,
Inc
9,697,189‌
38,900
Pegasystems,
Inc
2,311,438‌
64,808
(a)
Q2
Holdings,
Inc
3,330,483‌
184,934
(a)
SentinelOne,
Inc
3,907,655‌
99,790
(a)
Smartsheet,
Inc
3,775,056‌
89,857
(a)
Sprinklr,
Inc
1,050,428‌
5,877
(a)
SPS
Commerce,
Inc
1,021,834‌
103,993
(a)
Squarespace,
Inc
3,625,196‌
100,150
(a)
Teradata
Corp
3,715,565‌
238,736
(a)
Zeta
Global
Holdings
Corp
2,950,777‌
345,604
(a)
Zuora,
Inc
3,407,655‌
TOTAL
SOFTWARE
&
SERVICES
99,177,834‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.1
%
287,815
(a)
Arlo
Technologies,
Inc
3,563,150‌
21,973
Belden
CDT,
Inc
1,785,746‌
79,066
(a)
Calix,
Inc
2,192,500‌
199,008
(a)
Extreme
Networks,
Inc
2,228,890‌
12,961
(a)
Fabrinet
2,243,160‌
50,449
(a)
Itron,
Inc
4,647,362‌
7,849
Jabil
Inc
921,159‌
68,687
Napco
Security
Technologies,
Inc
2,795,561‌
65,874
(a)
Sanmina
Corp
3,996,575‌
19,255
(a)
Super
Micro
Computer,
Inc
16,536,194‌
48,378
TD
SYNNEX
Corp
5,700,863‌
112,200
Vontier
Corp
4,558,686‌
48,531
Xerox
Holdings
Corp
644,977‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
51,814,823‌
TELECOMMUNICATION
SERVICES
-
0
.0
%
41,763
(a),(c)
GCI
Liberty,
Inc
417‌
TOTAL
TELECOMMUNICATION
SERVICES
417‌
TRANSPORTATION
-
1
.4
%
85,286
(a)
GXO
Logistics,
Inc
4,235,303‌
60,294
Hub
Group,
Inc
(Class
A)
2,425,025‌
285,505
(a)
Lyft,
Inc
(Class
A)
4,465,298‌
134,306
(a)
RXO,
Inc
2,539,726‌
29,588
Ryder
System,
Inc
3,605,298‌
TOTAL
TRANSPORTATION
17,270,650‌
UTILITIES
-
3
.0
%
35,553
Allete,
Inc
2,105,449‌
75,200
Clearway
Energy,
Inc
(Class
A)
1,632,592‌
26,974
MGE
Energy,
Inc
2,112,604‌
60,114
New
Jersey
Resources
Corp
2,626,381‌
141,260
NRG
Energy,
Inc
10,265,364‌
66,300
ONE
Gas,
Inc
4,277,676‌
54,197
UGI
Corp
1,385,275‌
183,448
Vistra
Corp
13,912,696‌
TOTAL
UTILITIES
38,318,037‌
TOTAL
COMMON
STOCKS
1,265,809,965‌
(Cost
$1,014,127,224)
TOTAL
LONG-TERM
INVESTMENTS
1,265,809,965‌
(Cost
$1,014,127,224)
59
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
0.3%
REPURCHASE
AGREEMENT
-
0
.3
%
$
3,439,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
$
3,439,000‌
TOTAL
REPURCHASE
AGREEMENT
3,439,000‌
TOTAL
SHORT-TERM
INVESTMENTS
3,439,000‌
(Cost
$3,439,000)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.0%
343,876
(e)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(f)
343,876‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
343,876‌
(Cost
$343,876)
TOTAL
INVESTMENTS
-
100.1%
1,269,592,841‌
(Cost
$1,017,910,100)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
1,341,203‌
)
NET
ASSETS
-
100.0%
$
1,268,251,638‌
ETF
Exchange
Traded
Fund
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$3,630,163.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$3,439,507
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$3,507,827.
(e)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(f)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Large
Cap
Responsible
Equity
Fund
April
30,
2024
Portfolio
of
Investments
60
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.6%
COMMON
STOCKS
-
99.6%
AUTOMOBILES
&
COMPONENTS
-
1
.9
%
139,971
(a)
Aptiv
plc
$
9,937,941‌
573,573
(a)
Tesla,
Inc
105,124,460‌
TOTAL
AUTOMOBILES
&
COMPONENTS
115,062,401‌
BANKS
-
2
.6
%
423,919
Citigroup,
Inc
25,998,952‌
615,596
JPMorgan
Chase
&
Co
118,034,377‌
72,423
PNC
Financial
Services
Group,
Inc
11,099,549‌
TOTAL
BANKS
155,132,878‌
CAPITAL
GOODS
-
7
.1
%
58,608
(a)
Axon
Enterprise,
Inc
18,382,985‌
408,354
Carrier
Global
Corp
25,109,687‌
180,244
Caterpillar,
Inc
60,304,235‌
98,799
Deere
&
Co
38,670,917‌
178,701
Eaton
Corp
plc
56,873,380‌
250,803
Emerson
Electric
Co
27,031,547‌
2,220
Fastenal
Co
150,827‌
111,191
Fortive
Corp
8,369,347‌
181,801
Illinois
Tool
Works,
Inc
44,379,442‌
443,361
Ingersoll
Rand,
Inc
41,374,448‌
115,941
Quanta
Services,
Inc
29,977,705‌
16,808
Rockwell
Automation,
Inc
4,554,296‌
37,653
Trane
Technologies
plc
11,948,803‌
38,863
United
Rentals,
Inc
25,960,095‌
32,656
W.W.
Grainger,
Inc
30,087,606‌
68,161
Xylem,
Inc
8,908,643‌
TOTAL
CAPITAL
GOODS
432,083,963‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.7
%
207,923
Automatic
Data
Processing,
Inc
50,294,495‌
6,914
Broadridge
Financial
Solutions,
Inc
1,337,237‌
773,661
(a)
Copart,
Inc
42,017,529‌
52,931
Paychex,
Inc
6,288,732‌
16,917
Verisk
Analytics,
Inc
3,687,229‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
103,625,222‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3
.7
%
293,564
eBay,
Inc
15,130,288‌
65,443
(a)
Etsy,
Inc
4,493,971‌
97,213
Genuine
Parts
Co
15,282,856‌
243,037
Home
Depot,
Inc
81,227,826‌
204,063
LKQ
Corp
8,801,237‌
170,985
Lowe's
Cos,
Inc
38,982,870‌
47,702
Pool
Corp
17,293,406‌
458,830
TJX
Cos,
Inc
43,171,315‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
224,383,769‌
CONSUMER
DURABLES
&
APPAREL
-
0
.5
%
88,129
DR
Horton,
Inc
12,557,501‌
46,714
(a)
Lululemon
Athletica,
Inc
16,845,069‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
29,402,570‌
CONSUMER
SERVICES
-
2
.8
%
15,705
Booking
Holdings,
Inc
54,214,131‌
232,520
McDonald's
Corp
63,487,261‌
438,341
Starbucks
Corp
38,788,795‌
86,881
Yum!
Brands,
Inc
12,271,941‌
TOTAL
CONSUMER
SERVICES
168,762,128‌
61
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.2
%
120,607
(a)
Dollar
Tree,
Inc
$
14,261,778‌
425,652
Kroger
Co
23,572,608‌
210,539
Target
Corp
33,892,568‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
71,726,954‌
ENERGY
-
1
.5
%
1,338,725
Baker
Hughes
Co
43,669,209‌
571,832
ONEOK,
Inc
45,243,348‌
TOTAL
ENERGY
88,912,557‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2
.2
%
151,283
American
Tower
Corp
25,954,112‌
55,246
Equinix,
Inc
39,285,983‌
36,874
Iron
Mountain,
Inc
2,858,472‌
409,081
(b)
Prologis,
Inc
41,746,716‌
240,440
Welltower,
Inc
22,909,123‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
132,754,406‌
FINANCIAL
SERVICES
-
9
.8
%
251,973
American
Express
Co
58,969,241‌
85,645
Ameriprise
Financial,
Inc
35,267,755‌
345,014
Bank
of
New
York
Mellon
Corp
19,489,841‌
66,090
BlackRock,
Inc
49,874,158‌
8,606
Discover
Financial
Services
1,090,638‌
12,314
Fidelity
National
Information
Services,
Inc
836,367‌
132,827
Goldman
Sachs
Group,
Inc
56,678,609‌
198,665
Mastercard,
Inc
(Class
A)
89,637,648‌
120,703
Moody's
Corp
44,699,942‌
556,806
Morgan
Stanley
50,580,257‌
120,129
Nasdaq
Stock
Market,
Inc
7,189,721‌
200,000
(c)
Nuveen
ESG
Large-Cap
ETF
8,225,420‌
191,293
(a)
PayPal
Holdings,
Inc
12,992,621‌
140,203
S&P
Global,
Inc
58,300,613‌
362,617
Visa,
Inc
(Class
A)
97,402,552‌
TOTAL
FINANCIAL
SERVICES
591,235,383‌
FOOD,
BEVERAGE
&
TOBACCO
-
4
.0
%
206,119
Archer-Daniels-Midland
Co
12,090,941‌
1,184,474
Coca-Cola
Co
73,164,959‌
374,661
General
Mills,
Inc
26,398,614‌
205,431
Keurig
Dr
Pepper,
Inc
6,923,025‌
1,143,369
Kraft
Heinz
Co
44,145,477‌
14,027
Lamb
Weston
Holdings,
Inc
1,169,010‌
14,915
McCormick
&
Co,
Inc
1,134,435‌
423,451
PepsiCo,
Inc
74,489,265‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
239,515,726‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.3
%
35,816
AmerisourceBergen
Corp
8,561,815‌
42,206
Cigna
Group
15,069,230‌
150,956
(a)
Cooper
Cos,
Inc
13,444,141‌
307,939
(a)
Edwards
Lifesciences
Corp
26,073,195‌
53,355
Elevance
Health,
Inc
28,202,386‌
99,554
HCA,
Inc
30,843,820‌
57,186
(a)
IDEXX
Laboratories,
Inc
28,178,973‌
65,468
McKesson
Corp
35,170,064‌
89,441
Resmed,
Inc
19,139,480‌
49,452
STERIS
plc
10,115,901‌
21,150
Teleflex,
Inc
4,415,063‌
209,210
UnitedHealth
Group,
Inc
101,194,877‌
16,753
Zimmer
Biomet
Holdings,
Inc
2,015,051‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
322,423,996‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.8
%
124,477
Church
&
Dwight
Co,
Inc
13,429,824‌
Large
Cap
Responsible
Equity
Fund
April
30,
2024
62
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS—continued
3,362
Kimberly-Clark
Corp
$
459,014‌
577,162
Procter
&
Gamble
Co
94,192,838‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
108,081,676‌
INSURANCE
-
3
.2
%
144,844
Hartford
Financial
Services
Group,
Inc
14,033,935‌
255,961
Marsh
&
McLennan
Cos,
Inc
51,046,302‌
266,552
Progressive
Corp
55,509,454‌
356,512
Prudential
Financial,
Inc
39,387,446‌
162,598
Travelers
Cos,
Inc
34,496,792‌
TOTAL
INSURANCE
194,473,929‌
MATERIALS
-
3
.6
%
96,297
Avery
Dennison
Corp
20,923,412‌
285,047
Ball
Corp
19,830,720‌
202,660
Ecolab,
Inc
45,831,559‌
411,773
LyondellBasell
Industries
NV
41,164,947‌
1,077,244
Newmont
Goldcorp
Corp
43,779,196‌
92,359
PPG
Industries,
Inc
11,914,311‌
201,895
Steel
Dynamics,
Inc
26,270,577‌
153,201
Westrock
Co
7,347,520‌
TOTAL
MATERIALS
217,062,242‌
MEDIA
&
ENTERTAINMENT
-
5
.6
%
60,292
(a)
Charter
Communications,
Inc
15,431,135‌
1,451,091
Comcast
Corp
(Class
A)
55,301,078‌
304,215
Electronic
Arts,
Inc
38,580,546‌
226,823
Fox
Corp
(Class
A)
7,033,781‌
299,957
Fox
Corp
(Class
B)
8,602,767‌
16,339
Interpublic
Group
of
Cos,
Inc
497,359‌
123,052
(a)
NetFlix,
Inc
67,757,353‌
864,056
News
Corp
(Class
A)
20,564,533‌
159,676
Omnicom
Group,
Inc
14,824,320‌
118,559
Paramount
Global
(Class
B)
1,350,387‌
246,168
(a)
Take-Two
Interactive
Software,
Inc
35,155,252‌
592,034
Walt
Disney
Co
65,774,977‌
1,266,614
(a)
Warner
Bros
Discovery,
Inc
9,322,279‌
TOTAL
MEDIA
&
ENTERTAINMENT
340,195,767‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.0
%
99,462
Agilent
Technologies,
Inc
13,630,272‌
181,535
Amgen,
Inc
49,729,698‌
308,440
Bristol-Myers
Squibb
Co
13,552,854‌
242,130
Danaher
Corp
59,714,101‌
163,646
Eli
Lilly
&
Co
127,823,891‌
354,849
Gilead
Sciences,
Inc
23,136,155‌
65,025
(a)
IQVIA
Holdings,
Inc
15,070,844‌
659,425
Merck
&
Co,
Inc
85,210,898‌
3,157
(a)
Mettler-Toledo
International,
Inc
3,882,163‌
44,664
(a)
Regeneron
Pharmaceuticals,
Inc
39,780,438‌
2,710
(a)
Waters
Corp
837,498‌
23,197
West
Pharmaceutical
Services,
Inc
8,292,464‌
253,414
Zoetis,
Inc
40,353,645‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
481,014,921‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.3
%
224,287
(a)
CBRE
Group,
Inc
19,488,298‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
19,488,298‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
10
.4
%
312,219
Applied
Materials,
Inc
62,022,304‌
84,410
(a)
First
Solar,
Inc
14,881,483‌
1,450,143
Intel
Corp
44,185,857‌
61,400
Lam
Research
Corp
54,916,774‌
396,566
Nvidia
Corp
342,640,955‌
63
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
197,340
NXP
Semiconductors
NV
$
50,556,535‌
350,092
Texas
Instruments,
Inc
61,763,231‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
630,967,139‌
SOFTWARE
&
SERVICES
-
15
.7
%
132,573
(a)
Adobe,
Inc
61,358,762‌
63,272
(a)
Ansys,
Inc
20,555,807‌
176,045
(a)
Autodesk,
Inc
37,471,178‌
162,758
(a)
Cadence
Design
Systems,
Inc
44,860,988‌
275,202
Gen
Digital,
Inc
5,542,568‌
343,175
International
Business
Machines
Corp
57,035,685‌
98,528
Intuit,
Inc
61,641,087‌
1,152,267
Microsoft
Corp
448,612,111‌
203,985
(a)
PTC,
Inc
36,195,099‌
263,934
Salesforce,
Inc
70,982,410‌
78,142
(a)
ServiceNow,
Inc
54,178,193‌
90,943
(a)
Synopsys,
Inc
48,253,446‌
TOTAL
SOFTWARE
&
SERVICES
946,687,334‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2
.6
%
2,214,738
Hewlett
Packard
Enterprise
Co
37,650,546‌
1,484,336
HP,
Inc
41,694,998‌
290,939
(a)
Keysight
Technologies,
Inc
43,041,516‌
565,620
(a)
Trimble
Inc
33,976,793‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
156,363,853‌
TELECOMMUNICATION
SERVICES
-
1
.0
%
1,536,606
Verizon
Communications,
Inc
60,680,571‌
TOTAL
TELECOMMUNICATION
SERVICES
60,680,571‌
TRANSPORTATION
-
2
.0
%
1,164,564
CSX
Corp
38,686,816‌
8,753
Expeditors
International
Washington,
Inc
974,297‌
20,669
JB
Hunt
Transport
Services,
Inc
3,360,159‌
128,738
Old
Dominion
Freight
Line
23,392,982‌
354,621
United
Parcel
Service,
Inc
(Class
B)
52,299,505‌
TOTAL
TRANSPORTATION
118,713,759‌
UTILITIES
-
1
.1
%
102,911
American
Water
Works
Co,
Inc
12,588,074‌
470,341
Consolidated
Edison,
Inc
44,400,190‌
325,921
Exelon
Corp
12,248,111‌
TOTAL
UTILITIES
69,236,375‌
TOTAL
COMMON
STOCKS
6,017,987,817‌
(Cost
$3,849,013,407)
TOTAL
LONG-TERM
INVESTMENTS
6,017,987,817‌
(Cost
$3,849,013,407)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.2%
TREASURY
DEBT
-
0
.2
%
$
9,500,000
United
States
Treasury
Bill
0
.000
%
05/02/24
9,498,602‌
2,500,000
United
States
Treasury
Bill
0
.000
06/06/24
2,486,794‌
TOTAL
TREASURY
DEBT
11,985,396‌
TOTAL
SHORT-TERM
INVESTMENTS
11,985,396‌
(Cost
$11,985,368)
Large
Cap
Responsible
Equity
Fund
April
30,
2024
64
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
RATE
EXP
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.0%
298,759
(d)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
%
(e)
$
298,759‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
298,759‌
(Cost
$298,759)
TOTAL
INVESTMENTS
-
99.8%
6,030,271,972‌
(Cost
$3,861,297,534)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.2%
9,348,114‌
NET
ASSETS
-
100.0%
$
6,039,620,086‌
ETF
Exchange
Traded
Fund
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
(c)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$287,890.
(d)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(e)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P
500
E-Mini
Index
84‌
06/21/24
 $
21,737,377‌
$
21,281,400‌
$
(
455,977‌
)
Portfolio
of
Investments
Social
Choice
Low
Carbon
Equity
Fund
April
30,
2024
65
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.3%
COMMON
STOCKS
-
99.3%
AUTOMOBILES
&
COMPONENTS
-
2
.0
%
35,767
(a)
Aptiv
plc
$
2,539,457‌
13,893
(a)
Modine
Manufacturing
Co
1,286,908‌
180,519
(a),(b)
Rivian
Automotive,
Inc
1,606,619‌
95,485
(a)
Tesla,
Inc
17,500,491‌
TOTAL
AUTOMOBILES
&
COMPONENTS
22,933,475‌
BANKS
-
3
.6
%
1,105
Amalgamated
Financial
Corp
27,117‌
339
Camden
National
Corp
10,584‌
137,798
Citigroup,
Inc
8,451,151‌
119
First
Commonwealth
Financial
Corp
1,570‌
5,919
Independent
Bank
Corp
146,850‌
97,262
JPMorgan
Chase
&
Co
18,649,016‌
46,075
PNC
Financial
Services
Group,
Inc
7,061,454‌
1,527
Premier
Financial
Corp
29,593‌
65,064
Regions
Financial
Corp
1,253,783‌
1,460
Stellar
Bancorp,
Inc
32,412‌
137,130
Truist
Financial
Corp
5,149,232‌
1,445
Univest
Financial
Corp
30,157‌
TOTAL
BANKS
40,842,919‌
CAPITAL
GOODS
-
8
.5
%
64,929
3M
Co
6,266,298‌
19,166
(a)
Axon
Enterprise,
Inc
6,011,607‌
111,869
Carrier
Global
Corp
6,878,825‌
27,957
Caterpillar,
Inc
9,353,573‌
10,382
Curtiss-Wright
Corp
2,631,006‌
20,416
Deere
&
Co
7,991,027‌
27,437
Eaton
Corp
plc
8,732,100‌
271
EMCOR
Group,
Inc
96,793‌
65,072
Emerson
Electric
Co
7,013,460‌
16,418
(a)
Energy
Recovery,
Inc
244,628‌
28,654
Fastenal
Co
1,946,753‌
78,308
Fortive
Corp
5,894,243‌
19,903
(a)
Great
Lakes
Dredge
&
Dock
Corp
131,360‌
3,189
Hyster-Yale
Materials
Handling,
Inc
186,780‌
29,663
Illinois
Tool
Works,
Inc
7,241,035‌
20,174
Ingersoll
Rand,
Inc
1,882,638‌
34,420
(a)
Kratos
Defense
&
Security
Solutions,
Inc
613,364‌
1,953
(a)
Mercury
Computer
Systems,
Inc
55,075‌
7,662
Moog,
Inc
(Class
A)
1,218,794‌
3,920
Owens
Corning,
Inc
659,383‌
8,268
(a)
Proto
Labs,
Inc
252,009‌
25,605
Quanta
Services,
Inc
6,620,429‌
6,567
Rockwell
Automation,
Inc
1,779,394‌
21,643
(a),(b)
Stem,
Inc
39,823‌
23,568
(a),(b)
SunPower
Corp
48,550‌
8,806
Trane
Technologies
plc
2,794,496‌
9,890
United
Rentals,
Inc
6,606,421‌
4,248
W.W.
Grainger,
Inc
3,913,895‌
1,778
Xylem,
Inc
232,385‌
TOTAL
CAPITAL
GOODS
97,336,144‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.8
%
6,190
ACCO
Brands
Corp
29,836‌
33,313
Automatic
Data
Processing,
Inc
8,058,082‌
125,634
(a)
Copart,
Inc
6,823,182‌
43,656
(a)
ExlService
Holdings,
Inc
1,266,024‌
9,058
(a)
FTI
Consulting,
Inc
1,936,872‌
Social
Choice
Low
Carbon
Equity
Fund
April
30,
2024
66
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
1,243
Heidrick
&
Struggles
International,
Inc
$
36,644‌
1,324
Herman
Miller,
Inc
33,669‌
278
ICF
International,
Inc
40,113‌
7
Kforce,
Inc
432‌
6,255
(a)
Liquidity
Services,
Inc
107,961‌
8,860
Matthews
International
Corp
(Class
A)
239,043‌
2,761
(a)
OPENLANE,
Inc
47,434‌
5,558
TransUnion
405,734‌
1,943
(a)
TrueBlue,
Inc
20,246‌
2,488
TTEC
Holdings,
Inc
18,113‌
12,847
Veralto
Corp
1,203,507‌
4,286
Verisk
Analytics,
Inc
934,176‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
21,201,068‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3
.3
%
1,632
(a)
Autozone,
Inc
4,824,845‌
56,650
eBay,
Inc
2,919,741‌
2,315
Hibbett
Sports,
Inc
199,646‌
39,741
Home
Depot,
Inc
13,282,237‌
11
LKQ
Corp
474‌
37,662
Lowe's
Cos,
Inc
8,586,559‌
86,850
TJX
Cos,
Inc
8,171,717‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
37,985,219‌
CONSUMER
DURABLES
&
APPAREL
-
1
.1
%
17,686
DR
Horton,
Inc
2,520,078‌
16,985
(a)
GoPro,
Inc
29,384‌
5
Hasbro,
Inc
307‌
6,636
(a),(b)
iRobot
Corp
56,804‌
14,807
(a)
Lululemon
Athletica,
Inc
5,339,404‌
36,246
Pulte
Homes,
Inc
4,038,529‌
9,623
(a)
Sonos,
Inc
162,629‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
12,147,135‌
CONSUMER
SERVICES
-
3
.0
%
2,425
Booking
Holdings,
Inc
8,371,173‌
12,782
(a)
Brinker
International,
Inc
685,115‌
4,301
Carriage
Services,
Inc
110,020‌
9,758
(a)
Dave
&
Buster's
Entertainment,
Inc
521,077‌
6,086
(a)
European
Wax
Center,
Inc
71,571‌
128
(a)
Frontdoor,
Inc
3,928‌
37,952
McDonald's
Corp
10,362,414‌
5,037
(a)
Shake
Shack,
Inc
533,167‌
87,905
Starbucks
Corp
7,778,713‌
46,366
Yum!
Brands,
Inc
6,549,198‌
TOTAL
CONSUMER
SERVICES
34,986,376‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.7
%
5,371
Andersons,
Inc
295,083‌
36,632
(a)
BJ's
Wholesale
Club
Holdings,
Inc
2,735,678‌
19,153
Kroger
Co
1,060,693‌
40,550
(a)
Performance
Food
Group
Co
2,752,534‌
397
Pricesmart,
Inc
31,994‌
1,434
SpartanNash
Co
27,375‌
27,510
(a)
Sprouts
Farmers
Market,
Inc
1,816,485‌
44,878
Target
Corp
7,224,461‌
10,982
(a)
United
Natural
Foods,
Inc
98,069‌
60,461
(a)
US
Foods
Holding
Corp
3,038,165‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
19,080,537‌
ENERGY
-
2
.5
%
38,102
Archrock,
Inc
731,177‌
199,376
Baker
Hughes
Co
6,503,645‌
17,952
Cactus,
Inc
891,137‌
52,868
ChampionX
Corp
1,774,779‌
67
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
48,397
(a)
Clean
Energy
Fuels
Corp
$
112,281‌
7,822
Core
Laboratories,
Inc
123,588‌
17,371
Delek
US
Holdings,
Inc
474,749‌
4,198
(a)
DMC
Global,
Inc
66,538‌
10,205
(a)
Dril-Quip,
Inc
185,527‌
5,676
Excelerate
Energy,
Inc
95,697‌
23,720
(a)
Expro
Group
Holdings
NV
444,987‌
17,690
(a)
Green
Plains,
Inc
365,652‌
106,783
NOV,
Inc
1,974,418‌
29,233
(a)
Oceaneering
International,
Inc
669,728‌
84,965
ONEOK,
Inc
6,722,431‌
20,591
Targa
Resources
Corp
2,348,610‌
117,842
TechnipFMC
plc
3,019,112‌
19,225
(a)
Weatherford
International
plc
2,376,595‌
17,818
World
Fuel
Services
Corp
418,723‌
TOTAL
ENERGY
29,299,374‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2
.8
%
40,186
American
Tower
Corp
6,894,310‌
56,194
Crown
Castle,
Inc
5,269,873‌
9,042
Equinix,
Inc
6,429,857‌
66,956
(c)
Prologis,
Inc
6,832,860‌
73,122
Welltower,
Inc
6,967,064‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
32,393,964‌
FINANCIAL
SERVICES
-
9
.2
%
38,194
American
Express
Co
8,938,542‌
2,628
Ameriprise
Financial,
Inc
1,082,184‌
54,996
Bank
of
New
York
Mellon
Corp
3,106,724‌
10,925
BlackRock,
Inc
8,244,442‌
28,027
Discover
Financial
Services
3,551,862‌
129
Federal
Agricultural
Mortgage
Corp
(FAMC)
24,011‌
95,278
Fidelity
National
Information
Services,
Inc
6,471,282‌
20,680
Goldman
Sachs
Group,
Inc
8,824,363‌
32,041
Mastercard,
Inc
(Class
A)
14,456,899‌
18,591
Moody's
Corp
6,884,805‌
89,577
Morgan
Stanley
8,137,175‌
110,751
(a)
PayPal
Holdings,
Inc
7,522,208‌
20,802
S&P
Global,
Inc
8,650,095‌
19,202
State
Street
Corp
1,391,953‌
58,592
Visa,
Inc
(Class
A)
15,738,397‌
11,639
(a)
WEX,
Inc
2,458,855‌
TOTAL
FINANCIAL
SERVICES
105,483,797‌
FOOD,
BEVERAGE
&
TOBACCO
-
3
.7
%
1,602
Archer-Daniels-Midland
Co
93,973‌
17,950
Bunge
Global
S.A.
1,826,592‌
184,250
Coca-Cola
Co
11,381,123‌
43,139
(a)
Darling
International,
Inc
1,827,799‌
81,822
General
Mills,
Inc
5,765,178‌
87
(a)
Hain
Celestial
Group,
Inc
534‌
38,355
Hormel
Foods
Corp
1,363,904‌
127,363
Keurig
Dr
Pepper,
Inc
4,292,133‌
39,575
Lamb
Weston
Holdings,
Inc
3,298,181‌
11,256
McCormick
&
Co,
Inc
856,131‌
64,782
PepsiCo,
Inc
11,395,802‌
3,305
(a)
Vital
Farms,
Inc
88,442‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
42,189,792‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.3
%
82,128
(a)
23andMe
Holding
Co
41,245‌
126
(a)
Acadia
Healthcare
Co,
Inc
9,316‌
43
(a)
AMN
Healthcare
Services,
Inc
2,579‌
23,032
Cigna
Group
8,223,345‌
8,877
(a)
CryoLife,
Inc
174,167‌
Social
Choice
Low
Carbon
Equity
Fund
April
30,
2024
68
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
79,200
(a)
Edwards
Lifesciences
Corp
$
6,705,864‌
3,492
Elevance
Health,
Inc
1,845,801‌
295
Encompass
Health
Corp
24,597‌
14,996
(a)
Enhabit,
Inc
151,310‌
9,467
(a)
Envista
Holdings
Corp
186,311‌
6,370
(a)
Fulgent
Genetics,
Inc
129,629‌
22,856
HCA,
Inc
7,081,246‌
16,334
(a)
Health
Catalyst,
Inc
101,597‌
6,341
(a)
Hologic,
Inc
480,458‌
12,257
(a)
IDEXX
Laboratories,
Inc
6,039,759‌
1,649
(a)
Insulet
Corp
283,529‌
90
(a)
Integer
Holdings
Corp
10,047‌
5,255
LeMaitre
Vascular,
Inc
340,524‌
62
(a)
LivaNova
plc
3,456‌
8,220
McKesson
Corp
4,415,866‌
13,518
(a)
Omnicell,
Inc
362,418‌
17,854
(a)
OraSure
Technologies,
Inc
94,448‌
5,698
(a)
Orthofix
Medical,
Inc
74,074‌
9,874
(a)
Penumbra,
Inc
1,939,945‌
586
(a)
RadNet,
Inc
28,421‌
12,615
Resmed,
Inc
2,699,484‌
5,277
(a)
Shockwave
Medical,
Inc
1,742,413‌
10,364
(a)
SI-BONE,
Inc
147,791‌
16,232
(a)
Solventum
Corp
1,055,242‌
2,029
(a)
UFP
Technologies,
Inc
417,852‌
33,502
UnitedHealth
Group,
Inc
16,204,917‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
61,017,651‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.3
%
90,919
Procter
&
Gamble
Co
14,837,981‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
14,837,981‌
INSURANCE
-
2
.7
%
124,781
(a)
Genworth
Financial,
Inc
(Class
A)
739,951‌
39,631
Marsh
&
McLennan
Cos,
Inc
7,903,610‌
6,102
Primerica,
Inc
1,292,770‌
8,968
ProAssurance
Corp
119,812‌
40,246
Progressive
Corp
8,381,230‌
57,650
Prudential
Financial,
Inc
6,369,172‌
31,532
Travelers
Cos,
Inc
6,689,829‌
TOTAL
INSURANCE
31,496,374‌
MATERIALS
-
2
.8
%
34,824
(a)
Allegheny
Technologies,
Inc
2,078,993‌
83,891
Ball
Corp
5,836,297‌
2,810
(a)
Clearwater
Paper
Corp
126,562‌
34,438
(a)
Coeur
Mining,
Inc
155,660‌
16,584
Commercial
Metals
Co
891,224‌
81
Compass
Minerals
International,
Inc
1,008‌
31,913
Ecolab,
Inc
7,217,125‌
44,407
Graphic
Packaging
Holding
Co
1,147,921‌
5,887
Hawkins,
Inc
446,058‌
34
Innospec,
Inc
4,080‌
6,388
International
Flavors
&
Fragrances,
Inc
540,744‌
6,031
Koppers
Holdings,
Inc
309,270‌
3,959
Myers
Industries,
Inc
86,702‌
161,520
Newmont
Goldcorp
Corp
6,564,173‌
1,645
Olympic
Steel,
Inc
104,573‌
6,517
PPG
Industries,
Inc
840,693‌
11,700
(a)
Ranpak
Holdings
Corp
84,708‌
17,848
Royal
Gold,
Inc
2,144,080‌
5,769
Ryerson
Holding
Corp
164,705‌
2,888
Schnitzer
Steel
Industries,
Inc
(Class
A)
50,309‌
69
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
23,934
Steel
Dynamics,
Inc
$
3,114,292‌
TOTAL
MATERIALS
31,909,177‌
MEDIA
&
ENTERTAINMENT
-
4
.3
%
16,336
(a)
Charter
Communications,
Inc
4,181,036‌
229,441
Comcast
Corp
(Class
A)
8,743,996‌
43,644
Electronic
Arts,
Inc
5,534,932‌
5,935
(a)
Liberty
Media
Corp-Liberty
Formula
One
(Class
C)
415,272‌
6,347
(a)
MediaAlpha,
Inc
128,527‌
19,491
(a)
NetFlix,
Inc
10,732,524‌
8,330
(a)
Roku,
Inc
480,308‌
36,213
(a)
Take-Two
Interactive
Software,
Inc
5,171,579‌
40,872
(a)
Vimeo,
Inc
146,730‌
94,039
Walt
Disney
Co
10,447,733‌
229,336
(a)
Warner
Bros
Discovery,
Inc
1,687,913‌
17,974
(a)
Yelp,
Inc
723,274‌
18,258
(a)
ZipRecruiter,
Inc
187,692‌
81,361
(a)
ZoomInfo
Technologies,
Inc
1,290,385‌
TOTAL
MEDIA
&
ENTERTAINMENT
49,871,901‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.0
%
30,649
(a)
Adaptive
Biotechnologies
Corp
80,300‌
22,005
Agilent
Technologies,
Inc
3,015,565‌
24,261
(a)
Allogene
Therapeutics,
Inc
66,960‌
31,319
Amgen,
Inc
8,579,527‌
19,502
(a)
Anavex
Life
Sciences
Corp
71,182‌
10,349
(a)
Arcellx,
Inc
517,657‌
11,247
(a)
Biogen,
Inc
2,416,081‌
17,715
(a)
Biohaven
Ltd
687,342‌
142,022
Bristol-Myers
Squibb
Co
6,240,447‌
9,291
(a)
Cabaletta
Bio,
Inc
98,903‌
6,343
(a),(b)
Cassava
Sciences,
Inc
140,497‌
38,263
Danaher
Corp
9,436,421‌
27,769
Eli
Lilly
&
Co
21,690,366‌
5,238
(a)
Entrada
Therapeutics,
Inc
62,070‌
100,243
Gilead
Sciences,
Inc
6,535,844‌
14,558
(a)
Immunovant,
Inc
399,472‌
10,708
(a)
IQVIA
Holdings,
Inc
2,481,793‌
46,820
(a),(b)
Lyell
Immunopharma,
Inc
101,599‌
104,508
Merck
&
Co,
Inc
13,504,524‌
7,336
(a),(b)
Phathom
Pharmaceuticals,
Inc
66,244‌
8,721
(a)
Regeneron
Pharmaceuticals,
Inc
7,767,446‌
27,104
(a)
Sana
Biotechnology,
Inc
243,936‌
7,756
(a)
Tango
Therapeutics,
Inc
59,721‌
7,168
(a)
Tarsus
Pharmaceuticals,
Inc
225,290‌
18,384
(a)
Theravance
Biopharma,
Inc
155,161‌
3,424
West
Pharmaceutical
Services,
Inc
1,224,012‌
41,341
Zoetis,
Inc
6,583,141‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
92,451,501‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.3
%
32,684
(a)
Anywhere
Real
Estate,
Inc
158,844‌
41,029
(a)
CBRE
Group,
Inc
3,565,010‌
4,386
(a)
Tejon
Ranch
Co
73,597‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
3,797,451‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
9
.0
%
47,453
Applied
Materials,
Inc
9,426,538‌
7,282
(a)
Cirrus
Logic,
Inc
644,967‌
28,978
(a)
First
Solar,
Inc
5,108,821‌
232,756
Intel
Corp
7,092,075‌
9,163
Lam
Research
Corp
8,195,479‌
92,006
Marvell
Technology,
Inc
6,064,115‌
62,325
Nvidia
Corp
53,850,047‌
7,755
(a)
Onto
Innovation,
Inc
1,438,475‌
Social
Choice
Low
Carbon
Equity
Fund
April
30,
2024
70
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
29,441
(a)
Rambus,
Inc
$
1,613,956‌
1,540
(a)
Silicon
Laboratories,
Inc
187,095‌
54,336
Texas
Instruments,
Inc
9,585,957‌
1,265
(a)
Wolfspeed,
Inc
34,193‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
103,241,718‌
SOFTWARE
&
SERVICES
-
14
.7
%
20,735
(a)
Adobe,
Inc
9,596,780‌
8,492
(a)
Altair
Engineering,
Inc
683,181‌
18,144
(a)
Ansys,
Inc
5,894,623‌
28,211
(a)
Autodesk,
Inc
6,004,711‌
25,768
(a)
Cadence
Design
Systems,
Inc
7,102,434‌
3,686
(a)
Commvault
Systems,
Inc
377,704‌
3,836
(a),(b)
Digimarc
Corp
81,093‌
1,826
Dolby
Laboratories,
Inc
(Class
A)
141,807‌
55,717
(a)
DXC
Technology
Co
1,085,924‌
11,841
(a)
Elastic
NV
1,210,387‌
9,741
(a)
HubSpot,
Inc
5,892,039‌
4,662
(a)
Intapp,
Inc
144,149‌
7,136
InterDigital,
Inc
704,537‌
53,033
International
Business
Machines
Corp
8,814,085‌
15,614
Intuit,
Inc
9,768,431‌
188,930
Microsoft
Corp
73,556,117‌
31,048
(a)
Nutanix,
Inc
1,884,614‌
10,815
(a)
OneSpan,
Inc
117,018‌
42,446
Salesforce,
Inc
11,415,427‌
12,598
(a)
ServiceNow,
Inc
8,734,571‌
9,909
(a)
SPS
Commerce,
Inc
1,722,878‌
13,523
(a)
Synopsys,
Inc
7,175,169‌
17,108
(a)
Teradata
Corp
634,707‌
24,083
(a)
Workday,
Inc
5,893,833‌
TOTAL
SOFTWARE
&
SERVICES
168,636,219‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
3
.4
%
21,061
ADTRAN
Holdings,
Inc
92,247‌
24,732
Avnet,
Inc
1,208,653‌
7,943
Badger
Meter,
Inc
1,452,934‌
10,055
Benchmark
Electronics,
Inc
303,761‌
40,375
(a)
Ciena
Corp
1,866,536‌
9,052
CTS
Corp
414,129‌
7,175
(a)
ePlus,
Inc
551,614‌
9,938
(a)
Fabrinet
1,719,970‌
32,839
(a)
Harmonic,
Inc
352,691‌
348,691
Hewlett
Packard
Enterprise
Co
5,927,747‌
208,618
HP,
Inc
5,860,080‌
7,751
(a)
Insight
Enterprises,
Inc
1,415,100‌
7,601
(a)
Itron,
Inc
700,204‌
38,697
(a)
Keysight
Technologies,
Inc
5,724,834‌
7,284
(a)
Kimball
Electronics,
Inc
152,454‌
25,579
(a)
Knowles
Corp
404,916‌
5,528
Littelfuse,
Inc
1,274,978‌
172
(a)
Lumentum
Holdings,
Inc
7,527‌
600
Methode
Electronics,
Inc
7,314‌
40,678
(a)
Mirion
Technologies,
Inc
442,170‌
8,531
(a)
Netgear,
Inc
126,088‌
2,868
(a)
Novanta,
Inc
448,842‌
4,347
(a)
OSI
Systems,
Inc
571,370‌
7,569
(a),(b)
PAR
Technology
Corp
320,017‌
7,905
(a)
Plexus
Corp
798,484‌
21,532
(a)
Ribbon
Communications,
Inc
68,256‌
4,675
(a)
Rogers
Corp
556,746‌
67,089
(a)
Trimble
Inc
4,030,036‌
2,890
(a)
Vishay
Precision
Group,
Inc
95,370‌
42,360
Vontier
Corp
1,721,087‌
71
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
34,198
Xerox
Holdings
Corp
$
454,491‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
39,070,646‌
TELECOMMUNICATION
SERVICES
-
0
.9
%
21,856
(a)
Consolidated
Communications
Holdings,
Inc
94,418‌
4,021
Iridium
Communications,
Inc
123,807‌
241,796
Verizon
Communications,
Inc
9,548,524‌
TOTAL
TELECOMMUNICATION
SERVICES
9,766,749‌
TRANSPORTATION
-
2
.1
%
205,268
CSX
Corp
6,819,003‌
27,646
Expeditors
International
Washington,
Inc
3,077,276‌
1,526
(a)
GXO
Logistics,
Inc
75,781‌
30,868
Old
Dominion
Freight
Line
5,609,024‌
55,826
United
Parcel
Service,
Inc
(Class
B)
8,233,219‌
TOTAL
TRANSPORTATION
23,814,303‌
UTILITIES
-
1
.3
%
69,039
Consolidated
Edison,
Inc
6,517,282‌
50,945
Essential
Utilities,
Inc
1,863,568‌
78,228
Eversource
Energy
4,742,181‌
26,878
Exelon
Corp
1,010,075‌
28,346
(a),(b)
Sunnova
Energy
International,
Inc
119,337‌
37,951
UGI
Corp
970,028‌
TOTAL
UTILITIES
15,222,471‌
TOTAL
COMMON
STOCKS
1,141,013,942‌
(Cost
$870,439,219)
TOTAL
LONG-TERM
INVESTMENTS
1,141,013,942‌
(Cost
$870,439,219)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.7%
REPURCHASE
AGREEMENT
-
0
.5
%
$
5,447,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
5,447,000‌
TOTAL
REPURCHASE
AGREEMENT
5,447,000‌
TREASURY
DEBT
-
0
.2
%
2,500,000
United
States
Treasury
Bill
0
.000
05/09/24
2,497,066‌
TOTAL
TREASURY
DEBT
2,497,066‌
TOTAL
SHORT-TERM
INVESTMENTS
7,944,066‌
(Cost
$7,944,075)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.1%
1,640,439
(e)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(f)
1,640,439‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
1,640,439‌
(Cost
$1,640,439)
TOTAL
INVESTMENTS
-
100.1%
1,150,598,447‌
(Cost
$880,023,733)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
879,406‌
)
NET
ASSETS
-
100.0%
$
1,149,719,041‌
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$2,229,566.
(c)
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$5,447,803
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$5,556,008.
(e)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(f)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Social
Choice
Low
Carbon
Equity
Fund
April
30,
2024
72
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P
500
E-Mini
Index
34‌
06/21/24
 $
8,827,684‌
$
8,613,900‌
$
(
213,784‌
)
Portfolio
of
Investments
Emerging
Markets
Equity
Fund
April
30,
2024
73
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
98.0%
COMMON
STOCKS
-
98.0%
BRAZIL
-
10
.6
%
6,892,655
(a)
Arcos
Dorados
Holdings,
Inc
$
74,302,821‌
1,973,700
Banco
BTG
Pactual
S.A.
-
Unit
12,695,293‌
15,516,171
(b)
Cia
Brasileira
de
Distribuicao
8,755,225‌
2,539,600
(b)
Embraer
S.A.
16,310,839‌
14,670,300
(c)
Locaweb
Servicos
de
Internet
S.A.
12,996,068‌
31,886,011
Raizen
S.A.
18,790,431‌
7,703,341
(b)
Sendas
Distribuidora
S.A.
19,463,820‌
1,439,600
Vale
S.A.
17,546,563‌
TOTAL
BRAZIL
180,861,060‌
CHINA
-
25
.7
%
8,768,508
Alibaba
Group
Holding
Ltd
82,100,073‌
1,810,808
(b)
Baidu,
Inc
23,460,067‌
905,373
(b),(d)
Baozun,
Inc
(ADR)
2,353,970‌
855,063
BYD
Co
Ltd
25,670,716‌
5,262,578
China
Merchants
Bank
Co
Ltd
(Class
A)
24,829,506‌
971,785
Contemporary
Amperex
Technology
Co
Ltd
27,179,485‌
3,780,527
(b)
HUYA,
Inc
(ADR)
16,974,566‌
269,361
(b)
iClick
Interactive
Asia
Group
Ltd
(ADR)
323,233‌
5,980,978
JD.com,
Inc
86,176,149‌
229,589
(b)
Li
Auto,
Inc
(ADR)
6,033,599‌
1,407,700
(b),(c)
Meituan
19,221,479‌
1,668,076
Tencent
Holdings
Ltd
73,200,484‌
1,899,186
Will
Semiconductor
Co
Ltd
26,537,324‌
596,774
Yum
China
Holdings,
Inc
21,788,219‌
TOTAL
CHINA
435,848,870‌
COLOMBIA
-
1
.0
%
7,303,359
(b)
Almacenes
Exito
S.A.
16,652,885‌
TOTAL
COLOMBIA
16,652,885‌
HONG
KONG
-
3
.6
%
2,941,600
AIA
Group
Ltd
21,545,316‌
22,290
(b),(e)
Asia
Pacific
Investment
Partners
Limited
223‌
852,600
Hong
Kong
Exchanges
and
Clearing
Ltd
27,090,862‌
1,812,362
(b)
Melco
Crown
Entertainment
Ltd
(ADR)
11,852,848‌
TOTAL
HONG
KONG
60,489,249‌
INDIA
-
17
.0
%
1,225,510
Axis
Bank
Ltd
17,105,776‌
26,821,113
Edelweiss
Financial
Services
Ltd
25,127,283‌
2,104,331
HDFC
Bank
Ltd
38,215,876‌
282,708
HDFC
Bank
Ltd
(ADR)
16,283,981‌
897,013
Infosys
Technologies
Ltd
15,145,631‌
1,365,288
Mahindra
&
Mahindra
Ltd
35,216,083‌
2,877,584
Reliance
Industries
Ltd
101,015,470‌
7,225,621
(b)
Reliance
Strategic
Investments
Ltd
32,538,037‌
421,314
Sun
Pharmaceutical
Industries
Ltd
7,568,974‌
TOTAL
INDIA
288,217,111‌
INDONESIA
-
2
.6
%
54,229,500
Astra
International
Tbk
PT
17,112,407‌
87,176,600
Bank
Rakyat
Indonesia
26,388,663‌
TOTAL
INDONESIA
43,501,070‌
JAPAN
-
1
.3
%
1,437,200
Sumco
Corp
21,433,403‌
TOTAL
JAPAN
21,433,403‌
Emerging
Markets
Equity
Fund
April
30,
2024
74
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
KOREA,
REPUBLIC
OF
-
10
.8
%
237,292
Hynix
Semiconductor,
Inc
$
29,283,160‌
210,209
KB
Financial
Group,
Inc
11,401,082‌
124,620
Samsung
Electro-Mechanics
Co
Ltd
13,900,545‌
1,835,129
Samsung
Electronics
Co
Ltd
102,008,652‌
61,003
Samsung
SDI
Co
Ltd
18,878,532‌
252,057
Shinhan
Financial
Group
Co
Ltd
8,468,430‌
TOTAL
KOREA,
REPUBLIC
OF
183,940,401‌
MACAU
-
1
.9
%
2,173,000
Galaxy
Entertainment
Group
Ltd
9,750,017‌
23,702,500
(b),(d)
Wynn
Macau
Ltd
22,011,201‌
TOTAL
MACAU
31,761,218‌
MEXICO
-
3
.9
%
410,952
Fomento
Economico
Mexicano
SAB
de
C.V.
(ADR)
48,352,612‌
766,200
Grupo
Financiero
Banorte
S.A.
de
C.V.
7,583,393‌
3,207,638
(d)
Grupo
Televisa
SAB
(ADR)
9,366,303‌
801,909
(b)
Ollamani
SAB
1,642,133‌
TOTAL
MEXICO
66,944,441‌
SAUDI
ARABIA
-
1
.8
%
1,425,743
Al
Rajhi
Bank
30,324,496‌
TOTAL
SAUDI
ARABIA
30,324,496‌
SINGAPORE
-
1
.1
%
292,432
(b)
Sea
Ltd
(ADR)
18,478,778‌
TOTAL
SINGAPORE
18,478,778‌
SOUTH
AFRICA
-
2
.0
%
662,863
Anglo
American
plc
21,660,679‌
105,801
Capitec
Bank
Holdings
Ltd
13,094,229‌
TOTAL
SOUTH
AFRICA
34,754,908‌
TAIWAN
-
13
.2
%
4,015,701
E
Ink
Holdings,
Inc
25,673,249‌
610,000
MediaTek,
Inc
18,392,214‌
7,092,400
Taiwan
Semiconductor
Manufacturing
Co
Ltd
169,818,684‌
2,389,964
Win
Semiconductors
Corp
10,622,074‌
TOTAL
TAIWAN
224,506,221‌
THAILAND
-
0
.6
%
3,099,200
Kasikornbank
PCL
-
NVDR
10,879,117‌
TOTAL
THAILAND
10,879,117‌
UNITED
STATES
-
0
.9
%
369,359
Newmont
Goldcorp
Corp
15,010,750‌
TOTAL
UNITED
STATES
15,010,750‌
TOTAL
COMMON
STOCKS
1,663,603,978‌
(Cost
$1,536,477,990)
TOTAL
LONG-TERM
INVESTMENTS
1,663,603,978‌
(Cost
$1,536,477,990)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
3.5%
GOVERNMENT
AGENCY
DEBT
-
2
.1
%
$
12,000,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
05/08/24
11,985,933‌
23,750,000
FHLB
0
.000
06/05/24
23,624,719‌
TOTAL
GOVERNMENT
AGENCY
DEBT
35,610,652‌
REPURCHASE
AGREEMENT
-
0
.8
%
13,114,000
(f)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
13,114,000‌
TOTAL
REPURCHASE
AGREEMENT
13,114,000‌
TREASURY
DEBT
-
0
.6
%
2,500,000
United
States
Treasury
Bill
0
.000
05/09/24
2,497,066‌
5,000,000
United
States
Treasury
Bill
0
.000
05/30/24
4,978,753‌
75
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT—continued
$
2,500,000
United
States
Treasury
Bill
0
.000
%
06/06/24
$
2,486,794‌
TOTAL
TREASURY
DEBT
9,962,613‌
TOTAL
SHORT-TERM
INVESTMENTS
58,687,265‌
(Cost
$58,692,592)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.0%
758,306
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(h)
758,306‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
758,306‌
(Cost
$758,306)
TOTAL
INVESTMENTS
-
101.5%
1,723,049,549‌
(Cost
$1,595,928,888)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.5)%
(
25,248,368‌
)
NET
ASSETS
-
100.0%
$
1,697,801,181‌
ADR
American
Depositary
Receipt
NVDR
Non
Voting
Depositary
Receipt
(a)
Affiliated
holding
(b)
Non-income
producing
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$32,217,547
or
1.9%
of
Total
Investments.
(d)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$7,080,237.
(e)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(f)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$13,115,934
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$13,376,358.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
International
Equity
Fund
April
30,
2024
Portfolio
of
Investments
76
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.0%
COMMON
STOCKS
-
99.0%
AUSTRALIA
-
5
.7
%
4,252,624
BHP
Billiton
Ltd
$
116,632,936‌
1,568,832
Commonwealth
Bank
of
Australia
114,947,593‌
21,090,171
Glencore
plc
122,714,432‌
1,903,837
Woodside
Energy
Group
Ltd
34,111,056‌
TOTAL
AUSTRALIA
388,406,017‌
BRAZIL
-
1
.0
%
10,889,800
Itau
Unibanco
Holding
S.A.
65,767,463‌
TOTAL
BRAZIL
65,767,463‌
DENMARK
-
6
.4
%
542,825
DSV
AS
77,118,819‌
2,805,251
Novo
Nordisk
A.S.
359,751,543‌
TOTAL
DENMARK
436,870,362‌
FINLAND
-
1
.2
%
7,334,048
Nordea
Bank
Abp
85,942,259‌
TOTAL
FINLAND
85,942,259‌
FRANCE
-
11
.6
%
1,169,701
Airbus
SE
192,483,343‌
712,927
BNP
Paribas
S.A.
51,303,554‌
778,325
Compagnie
de
Saint-Gobain
61,551,997‌
612,234
Essilor
International
S.A.
130,547,645‌
177,745
Kering
62,294,145‌
109,911
LVMH
Moet
Hennessy
Louis
Vuitton
S.A.
90,284,854‌
1,603,444
Total
S.A.
116,408,043‌
721,641
Vinci
S.A.
84,559,083‌
TOTAL
FRANCE
789,432,664‌
GERMANY
-
6
.2
%
1,416,618
Deutsche
Post
AG.
59,313,693‌
165,833
Dr
ING
hc
F
Porsche
AG.
14,763,520‌
673,409
HeidelbergCement
AG.
67,768,955‌
1,937,406
Infineon
Technologies
AG.
67,233,875‌
1,846,728
RWE
AG.
64,331,756‌
807,992
Siemens
AG.
151,363,967‌
TOTAL
GERMANY
424,775,766‌
INDIA
-
1
.5
%
475,515
HDFC
Bank
Ltd
(ADR)
27,389,664‌
963,868
Reliance
Industries
Ltd
33,835,877‌
9,720,022
(a)
Reliance
Strategic
Investments
Ltd
43,770,693‌
TOTAL
INDIA
104,996,234‌
INDONESIA
-
0
.4
%
86,122,995
Bank
Rakyat
Indonesia
26,069,733‌
TOTAL
INDONESIA
26,069,733‌
IRELAND
-
2
.2
%
1,914,859
CRH
plc
148,248,384‌
TOTAL
IRELAND
148,248,384‌
ITALY
-
2
.2
%
7,344,470
Enel
S.p.A.
48,271,096‌
1,459,381
Moncler
S.p.A
99,357,824‌
TOTAL
ITALY
147,628,920‌
JAPAN
-
24
.4
%
2,013,500
Advantest
Corp
63,023,866‌
5,004,070
Daiichi
Sankyo
Co
Ltd
168,425,408‌
2,173,182
(a)
Hitachi
Ltd
200,499,223‌
77
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
17,328,289
Mitsubishi
UFJ
Financial
Group,
Inc
$
172,613,162‌
2,777,301
Nintendo
Co
Ltd
135,446,110‌
1,742,400
Oriental
Land
Co
Ltd
48,075,802‌
3,202,214
ORIX
Corp
65,534,623‌
2,364,467
Recruit
Holdings
Co
Ltd
101,831,351‌
2,427,600
SBI
Holdings,
Inc
59,107,539‌
1,978,967
Sony
Corp
163,564,267‌
4,664,700
Sumco
Corp
69,566,097‌
3,320,214
Sumitomo
Mitsui
Financial
Group,
Inc
188,600,685‌
10,135,348
(a)
Toyota
Motor
Corp
231,172,845‌
TOTAL
JAPAN
1,667,460,978‌
KOREA,
REPUBLIC
OF
-
1
.5
%
1,796,752
Samsung
Electronics
Co
Ltd
99,875,403‌
TOTAL
KOREA,
REPUBLIC
OF
99,875,403‌
MEXICO
-
1
.0
%
324,850
Fomento
Economico
Mexicano
SAB
de
C.V.
(ADR)
38,221,851‌
3,211,200
Grupo
Financiero
Banorte
S.A.
de
C.V.
31,782,553‌
TOTAL
MEXICO
70,004,404‌
NETHERLANDS
-
7
.1
%
206,350
ASML
Holding
NV
179,733,472‌
1,070,302
Heineken
NV
104,161,423‌
7,849,389
ING
Groep
NV
124,100,925‌
21,595,801
Koninklijke
KPN
NV
78,481,984‌
TOTAL
NETHERLANDS
486,477,804‌
NORWAY
-
0
.6
%
1,586,130
Equinor
ASA
42,204,328‌
TOTAL
NORWAY
42,204,328‌
SPAIN
-
3
.6
%
13,939,137
Banco
Bilbao
Vizcaya
Argentaria
S.A.
150,737,452‌
20,136,874
Banco
Santander
S.A.
97,978,618‌
TOTAL
SPAIN
248,716,070‌
SWITZERLAND
-
4
.5
%
105,652
Lonza
Group
AG.
58,319,188‌
1,606,099
Novartis
AG.
155,883,916‌
187,630
Zurich
Insurance
Group
AG
90,821,612‌
TOTAL
SWITZERLAND
305,024,716‌
TAIWAN
-
2
.0
%
975,260
Taiwan
Semiconductor
Manufacturing
Co
Ltd
(ADR)
133,942,208‌
TOTAL
TAIWAN
133,942,208‌
UNITED
KINGDOM
-
6
.4
%
1,538,224
Ashtead
Group
plc
111,693,367‌
1,319,241
AstraZeneca
plc
199,533,704‌
2,426,342
Unilever
plc
125,516,630‌
TOTAL
UNITED
KINGDOM
436,743,701‌
UNITED
STATES
-
9
.5
%
17,833,327
BP
plc
114,947,154‌
30,913,943
Haleon
plc
130,560,080‌
304,791
Linde
plc
134,400,639‌
527,358
Nestle
S.A.
52,946,826‌
6,033,005
Shell
plc
214,464,859‌
TOTAL
UNITED
STATES
647,319,558‌
TOTAL
COMMON
STOCKS
6,755,906,972‌
(Cost
$4,919,488,340)
TOTAL
LONG-TERM
INVESTMENTS
6,755,906,972‌
(Cost
$4,919,488,340)
International
Equity
Fund
April
30,
2024
78
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
0.9%
REPURCHASE
AGREEMENT
-
0
.9
%
$
25,000,000
(b)
Bank
of
New
York
Mellon
5
.320
%
05/01/24
$
25,000,000‌
34,699,000
(c)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
34,699,000‌
TOTAL
REPURCHASE
AGREEMENT
59,699,000‌
TOTAL
SHORT-TERM
INVESTMENTS
59,699,000‌
(Cost
$59,699,000)
TOTAL
INVESTMENTS
-
99.9%
6,815,605,972‌
(Cost
$4,979,187,340)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.1%
10,147,759‌
NET
ASSETS
-
100.0%
$
6,825,753,731‌
ADR
American
Depositary
Receipt
(a)
Non-income
producing
(b)
Agreement
with
Bank
of
New
York
Mellon,
5.320%
dated
4/30/24
to
be
repurchased
at
$25,000,000
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.875%
and
maturity
date
4/30/29,
valued
at
$25,500,090.
(c)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$34,704,118
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$35,393,039.
Portfolio
of
Investments
International
Opportunities
Fund
April
30,
2024
79
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
97.6%
COMMON
STOCKS
-
97.6%
AUSTRALIA
-
2
.4
%
1,767,689
Australia
&
New
Zealand
Banking
Group
Ltd
$
31,896,047‌
561,039
Mineral
Resources
Ltd
25,450,026‌
TOTAL
AUSTRALIA
57,346,073‌
BRAZIL
-
4
.8
%
4,087,500
Itau
Unibanco
Holding
S.A.
24,685,899‌
2,052,100
Localiza
Rent
A
Car
19,376,509‌
2,338,871
(a)
NU
Holdings
Ltd
25,400,139‌
2,655,300
Petro
Rio
S.A.
24,545,392‌
1,505,855
(a)
StoneCo
Ltd
23,491,338‌
TOTAL
BRAZIL
117,499,277‌
CANADA
-
11
.6
%
717,365
Alimentation
Couche-Tard,
Inc
39,759,525‌
418,013
(b)
Bank
of
Montreal
37,339,235‌
780,836
Cameco
Corp
35,625,837‌
544,524
Dollarama,
Inc
45,424,135‌
1,152,197
(a),(b)
Lightspeed
Commerce,
Inc
15,090,337‌
3,086,658
(a),(b)
NexGen
Energy
Ltd
23,497,749‌
921,152
(b)
Parex
Resources,
Inc
16,059,019‌
509,949
(a)
Shopify,
Inc
(Class
A)
35,801,817‌
846,253
Suncor
Energy,
Inc
32,291,192‌
TOTAL
CANADA
280,888,846‌
CHINA
-
4
.1
%
2,356,107
JD.com,
Inc
33,947,663‌
1,172,600
Tencent
Holdings
Ltd
51,457,420‌
1,212,202
(a)
Tencent
Music
Entertainment
Group
(ADR)
15,213,135‌
TOTAL
CHINA
100,618,218‌
DENMARK
-
4
.9
%
205,162
Carlsberg
AS
(Class
B)
27,596,926‌
711,554
Novo
Nordisk
A.S.
91,251,247‌
TOTAL
DENMARK
118,848,173‌
FRANCE
-
4
.8
%
152,737
Essilor
International
S.A.
32,568,357‌
77,467
L'Oreal
S.A.
36,320,647‌
58,810
LVMH
Moet
Hennessy
Louis
Vuitton
S.A.
48,308,652‌
TOTAL
FRANCE
117,197,656‌
GERMANY
-
3
.8
%
228,509
Beiersdorf
AG.
34,345,720‌
164,525
Deutsche
Boerse
AG.
31,719,093‌
302,067
Dr
ING
hc
F
Porsche
AG.
26,891,947‌
TOTAL
GERMANY
92,956,760‌
INDIA
-
2
.6
%
946,652
Axis
Bank
Ltd
13,213,452‌
411,768
(c)
LTIMindtree
Ltd
23,127,313‌
5,857,167
(a)
Reliance
Strategic
Investments
Ltd
26,375,687‌
TOTAL
INDIA
62,716,452‌
INDONESIA
-
1
.1
%
86,868,400
Bank
Rakyat
Indonesia
26,295,370‌
TOTAL
INDONESIA
26,295,370‌
IRELAND
-
3
.0
%
480,518
CRH
plc
37,201,703‌
375,292
Keywords
Studios
plc
5,358,863‌
International
Opportunities
Fund
April
30,
2024
80
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
IRELAND—continued
686,571
Smurfit
Kappa
Group
plc
$
29,748,819‌
TOTAL
IRELAND
72,309,385‌
ITALY
-
5
.2
%
734,877
Amplifon
S.p.A.
24,534,831‌
2,626,022
(b)
Davide
Campari-Milano
NV
26,335,851‌
106,850
Ferrari
NV
43,944,692‌
461,797
Moncler
S.p.A
31,440,142‌
TOTAL
ITALY
126,255,516‌
JAPAN
-
11
.4
%
150,976
(a)
ARM
Holdings
plc
(ADR)
15,280,281‌
97,400
Disco
Corp
27,743,972‌
273,900
GMO
Payment
Gateway,
Inc
12,528,500‌
128,000
(a)
Hoya
Corp
14,840,296‌
2,445,300
MonotaRO
Co
Ltd
29,306,621‌
1,448,100
Murata
Manufacturing
Co
Ltd
26,459,912‌
759,300
Recruit
Holdings
Co
Ltd
32,701,046‌
111,099
(a)
SHIFT,
Inc
10,219,705‌
809,700
Shin-Etsu
Chemical
Co
Ltd
31,342,629‌
39,000
SMC
Corp
20,489,296‌
981,700
TechnoPro
Holdings,
Inc
16,721,683‌
178,600
Tokyo
Electron
Ltd
39,175,149‌
TOTAL
JAPAN
276,809,090‌
LUXEMBOURG
-
1
.1
%
594,760
(a),(b)
BK
LC
Lux
Finco
2
Sarl
26,627,405‌
TOTAL
LUXEMBOURG
26,627,405‌
NETHERLANDS
-
6
.1
%
18,806
(a),(c)
Adyen
NV
22,529,590‌
91,309
ASML
Holding
NV
79,531,299‌
2,964,054
ING
Groep
NV
46,862,481‌
TOTAL
NETHERLANDS
148,923,370‌
NORWAY
-
2
.0
%
976,076
Aker
BP
ASA
23,672,908‌
906,566
Equinor
ASA
24,122,240‌
TOTAL
NORWAY
47,795,148‌
PHILIPPINES
-
1
.0
%
7,992,434
BDO
Unibank,
Inc
20,503,886‌
5,869,880
Robinsons
Retail
Holdings,
Inc
3,652,893‌
TOTAL
PHILIPPINES
24,156,779‌
PORTUGAL
-
0
.9
%
1,065,794
Jeronimo
Martins
SGPS
S.A.
21,925,231‌
TOTAL
PORTUGAL
21,925,231‌
SPAIN
-
1
.0
%
393,179
Amadeus
IT
Holding
S.A.
24,956,615‌
142,139
(a),(b),(d)
Let's
GOWEX
S.A.
1,517‌
TOTAL
SPAIN
24,958,132‌
SWEDEN
-
0
.9
%
197,224
(c)
Evolution
AB
21,790,323‌
TOTAL
SWEDEN
21,790,323‌
SWITZERLAND
-
4
.7
%
265,584
(a)
Galderma
Group
AG.
19,790,595‌
6,130
Givaudan
S.A.
26,216,591‌
74,340
Lonza
Group
AG.
41,035,177‌
867,359
(a),(b)
On
Holding
AG.
27,538,648‌
TOTAL
SWITZERLAND
114,581,011‌
TAIWAN
-
6
.1
%
127,000
Alchip
Technologies
Ltd
11,978,003‌
420,042
Dadi
Early-Childhood
Education
Group
Ltd
399,248‌
81
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TAIWAN—continued
1,281,000
Eclat
Textile
Co
Ltd
$
20,155,426‌
3,667,000
Taiwan
Semiconductor
Manufacturing
Co
Ltd
87,801,747‌
392,000
Wiwynn
Corp
27,886,507‌
TOTAL
TAIWAN
148,220,931‌
UNITED
KINGDOM
-
8
.8
%
781,329
Ashtead
Group
plc
56,733,783‌
1,871,027
Beazley
plc
15,480,436‌
1,082,864
Compass
Group
plc
30,118,463‌
4,290,057
(a)
Darktrace
plc
32,024,633‌
2,133,758
Electrocomponents
plc
19,546,948‌
737,259
Fevertree
Drinks
plc
10,437,673‌
174,489
(a)
Flutter
Entertainment
plc
32,325,640‌
8,564,778
Tritax
Big
Box
REIT
plc
16,177,452‌
TOTAL
UNITED
KINGDOM
212,845,028‌
UNITED
STATES
-
5
.3
%
173,691
Ferguson
plc
36,623,759‌
81,074
Linde
plc
35,750,391‌
74,846
(a)
Lululemon
Athletica,
Inc
26,989,468‌
119,158
Roche
Holding
AG.
28,551,948‌
TOTAL
UNITED
STATES
127,915,566‌
TOTAL
COMMON
STOCKS
2,369,479,740‌
(Cost
$1,772,137,701)
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
AUSTRALIA
-
0
.0
%
211,505
(b)
PointsBet
Holdings
Ltd
07/08/24
1,370‌
TOTAL
AUSTRALIA
1,370‌
TOTAL
RIGHTS/WARRANTS
1,370‌
(Cost
$0)
TOTAL
LONG-TERM
INVESTMENTS
2,369,481,110‌
(Cost
$1,772,137,701)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
2.1%
GOVERNMENT
AGENCY
DEBT
-
0
.4
%
$
10,000,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
05/08/24
9,988,278‌
TOTAL
GOVERNMENT
AGENCY
DEBT
9,988,278‌
REPURCHASE
AGREEMENT
-
0
.9
%
22,215,000
(e)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
22,215,000‌
TOTAL
REPURCHASE
AGREEMENT
22,215,000‌
TREASURY
DEBT
-
0
.8
%
2,500,000
United
States
Treasury
Bill
0
.000
05/09/24
2,497,066‌
5,000,000
United
States
Treasury
Bill
0
.000
05/30/24
4,978,753‌
10,000,000
United
States
Treasury
Bill
0
.000
06/11/24
9,940,038‌
TOTAL
TREASURY
DEBT
17,415,857‌
TOTAL
SHORT-TERM
INVESTMENTS
49,619,135‌
(Cost
$49,620,460)
International
Opportunities
Fund
April
30,
2024
82
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.7%
41,522,946
(f)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
%
(g)
$
41,522,946‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
41,522,946‌
(Cost
$41,522,947)
TOTAL
INVESTMENTS
-
101.4%
2,460,623,191‌
(Cost
$1,863,281,108)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.4)%
(
33,982,795‌
)
NET
ASSETS
-
100.0%
$
2,426,640,396‌
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$58,359,663.
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$67,447,227
or
2.7%
of
Total
Investments.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$22,218,277
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.125%
and
maturity
date
7/15/26,
valued
at
$22,659,475.
(f)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(g)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Portfolio
of
Investments
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
83
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.5%
COMMON
STOCKS
-
99.5%
AUSTRALIA
-
6
.2
%
1,514,717
Abacus
Property
Group
$
1,128,813‌
1,110,268
AGL
Energy
Ltd
6,762,163‌
280,632
AUB
Group
Ltd
5,089,645‌
867,602
Bapcor
Ltd
3,248,549‌
1,250,434
Deterra
Royalties
Ltd
3,958,122‌
225,297
Growthpoint
Properties
Australia
Ltd
344,807‌
50,710
HomeCo
Daily
Needs
REIT
39,758‌
211,671
(a)
Johns
Lyng
Group
Ltd
759,058‌
1,530,167
Macquarie
CountryWide
Trust
3,265,001‌
403,598
Netwealth
Group
Ltd
5,079,895‌
2,294,754
OceanaGold
Corp
4,967,397‌
450,449
oOh!media
Ltd
488,767‌
3,234,466
Perenti
Ltd
1,985,308‌
4,558,310
Perseus
Mining
Ltd
6,667,539‌
327,041
Premier
Investments
Ltd
6,290,843‌
1,663,055
Steadfast
Group
Ltd
6,052,559‌
8,103,039
TABCORP
Holdings
Ltd
3,802,080‌
565,394
Technology
One
Ltd
5,855,903‌
1,257,501
(b)
Viva
Energy
Group
Ltd
2,753,291‌
1,244,167
(a),(c)
Webjet
Ltd
6,530,710‌
266,826
Whitehaven
Coal
Ltd
1,319,851‌
TOTAL
AUSTRALIA
76,390,059‌
AUSTRIA
-
0
.0
%
6,713
Vienna
Insurance
Group
AG
Wiener
Versicherung
Gruppe
208,980‌
TOTAL
AUSTRIA
208,980‌
BELGIUM
-
0
.5
%
110,534
Colruyt
S.A.
5,121,908‌
63,067
Fagron
NV
1,223,609‌
51,192
(b),(c)
X-Fab
Silicon
Foundries
SE
356,748‌
864
(b),(c)
X-Fab
Silicon
Foundries
SE
5,976‌
TOTAL
BELGIUM
6,708,241‌
BERMUDA
-
0
.0
%
41,682
Cool
Co
Ltd
454,024‌
TOTAL
BERMUDA
454,024‌
BRAZIL
-
1
.6
%
194,850
(c)
Azul
S.A.
365,864‌
5,252,600
(c)
Cogna
Educacao
S.A.
2,195,074‌
1,343,050
(c)
Embraer
S.A.
8,625,875‌
1,190,179
Iochpe-Maxion
S.A.
2,819,243‌
4,649,600
(b)
Locaweb
Servicos
de
Internet
S.A.
4,118,969‌
1,750,980
Marcopolo
S.A.
2,222,193‌
TOTAL
BRAZIL
20,347,218‌
CANADA
-
5
.7
%
74,131
ADENTRA,
Inc
2,292,883‌
414,150
Allied
Properties
Real
Estate
Investment
Trust
5,093,204‌
30,530
(a)
Altus
Group
Ltd
1,120,383‌
202,595
Atco
Ltd
5,528,997‌
163,893
(c)
ATS
Corp
5,391,867‌
108,893
Badger
Infrastructure
Solutions
Ltd
3,555,545‌
4,450
Boyd
Group
Services,
Inc
832,139‌
29,164
Brookfield
Reinsurance
Ltd
1,173,636‌
13,253
Calian
Group
Ltd
529,100‌
301,974
(c)
Canfor
Corp
3,182,830‌
575,314
(a)
Cardinal
Energy
Ltd
2,950,435‌
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
84
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CANADA—continued
49,134
Cascades,
Inc
$
329,785‌
189,021
(c)
Celestica,
Inc
8,184,754‌
1,371,820
(a)
Converge
Technology
Solutions
Corp
5,331,229‌
752,765
Crescent
Point
Energy
Corp
6,638,265‌
339,604
(a),(c)
dentalcorp
Holdings
Ltd
1,546,738‌
29,543
Evertz
Technologies
Ltd
299,153‌
253,273
Finning
International,
Inc
7,946,000‌
8,342
(c)
Kinaxis,
Inc
888,282‌
136,259
Primaris
REIT
1,306,519‌
124,990
(a)
Savaria
Corp
1,498,990‌
281,285
(a)
Sienna
Senior
Living,
Inc
2,737,965‌
227,096
Slate
Grocery
REIT
1,798,094‌
110,586
Superior
Plus
Corp
749,477‌
TOTAL
CANADA
70,906,270‌
CHINA
-
3
.0
%
2,942,000
(c)
ANE
Cayman,
Inc
1,959,659‌
4,991,800
China
Education
Group
Holdings
Ltd
2,818,290‌
1,376,000
China
Foods
Ltd
527,695‌
2,626,000
(b)
China
New
Higher
Education
Group
Ltd
783,158‌
660,000
China
Shineway
Pharmaceutical
Group
Ltd
778,443‌
1,925,749
China
XLX
Fertiliser
Ltd
875,359‌
4,565,760
(a),(c),(d)
China
Zhongwang
Holdings
Ltd
5,837‌
8,398,000
Citic
Resources
Holdings
Ltd
565,695‌
5,400
(a),(b),(c)
Cloud
Music,
Inc
66,959‌
1,418,000
COSCO
SHIPPING
International
Hong
Kong
Co
Ltd
669,458‌
2,114,000
CSSC
Hong
Kong
Shipping
Co
Ltd
375,632‌
2,210,000
(b)
Greentown
Management
Holdings
Co
Ltd
1,889,079‌
2,104,000
Harbin
Power
Equipment
679,583‌
1,698,000
(a),(c)
HUTCHMED
China
Ltd
6,491,932‌
470,500
JNBY
Design
Ltd
856,671‌
116,904
JOYY,
Inc
(ADR)
3,813,408‌
3,126,000
Kinetic
Development
Group
Ltd
363,642‌
6,243,000
Lonking
Holdings
Ltd
1,147,191‌
55,000
(c)
MicroPort
NeuroTech
Ltd
65,316‌
596,000
(b),(c)
Mobvista,
Inc
204,510‌
155,600
Sasseur
Real
Estate
Investment
Trust
76,942‌
206,000
Shanghai
Industrial
Holdings
Ltd
287,604‌
2,524,000
Sinopec
Engineering
Group
Co
Ltd
1,629,386‌
2,194,000
Sinopec
Kantons
Holdings
Ltd
1,124,668‌
1,446,000
TCL
Electronics
Holdings
Ltd
950,391‌
1,362,000
Tianli
Education
International
Holdings
Ltd
968,763‌
302,000
Xinhua
Winshare
Publishing
and
Media
Co
Ltd
324,476‌
5,043,700
Yangzijiang
Shipbuilding
Holdings
Ltd
6,474,152‌
TOTAL
CHINA
36,773,899‌
COLOMBIA
-
0
.1
%
101,124
Frontera
Energy
Corp
697,103‌
TOTAL
COLOMBIA
697,103‌
DENMARK
-
1
.2
%
1,607,353
Alm
Brand
AS
2,787,091‌
89,829
Cementir
Holding
NV
951,143‌
117,743
D/S
Norden
4,964,608‌
2,029
Per
Aarsleff
Holding
A.S.
95,073‌
43,050
(b)
Scandinavian
Tobacco
Group
A.S.
694,822‌
110,572
Spar
Nord
Bank
A.S.
1,956,308‌
50,376
Sydbank
AS
2,561,593‌
8,332
Topdanmark
AS.
347,639‌
TOTAL
DENMARK
14,358,277‌
EGYPT
-
0
.1
%
908,849
Abou
Kir
Fertilizers
&
Chemical
Industries
1,181,409‌
TOTAL
EGYPT
1,181,409‌
85
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINLAND
-
0
.0
%
5,089
(c)
Cargotec
Corp
(B
Shares)
$
401,370‌
TOTAL
FINLAND
401,370‌
FRANCE
-
1
.7
%
12,605
Antin
Infrastructure
Partners
S.A.
160,964‌
4,434
Aubay
193,710‌
13,435
Cie
des
Alpes
195,010‌
143,516
Cie
Plastic
Omnium
SA
1,748,019‌
8,718
Societe
BIC
S.A.
613,076‌
104,833
Societe
Television
Francaise
1
957,279‌
3,592
Sopra
Group
S.A.
786,498‌
240,548
SPIE
S.A.
8,746,485‌
3,853
Trigano
S.A.
585,735‌
227,822
(c)
Ubisoft
Entertainment
5,365,075‌
33,195
Vicat
S.A.
1,225,502‌
TOTAL
FRANCE
20,577,353‌
GEORGIA
-
0
.6
%
74,153
Bank
of
Georgia
Group
plc
4,965,214‌
63,527
TBC
Bank
Group
plc
2,746,554‌
TOTAL
GEORGIA
7,711,768‌
GERMANY
-
3
.5
%
35,026
(c)
Bilfinger
Berger
AG.
1,630,302‌
157,065
(c)
Ceconomy
AG
361,799‌
5,209
(a)
Datagroup
SE
262,011‌
41,917
Eckert
&
Ziegler
Strahlen-
und
Medizintechnik
AG.
1,657,108‌
180,574
Hensoldt
AG.
7,114,067‌
10,852
Hochtief
AG.
1,142,708‌
8,336
Hornbach
Holding
AG.
&
Co
KGaA
654,125‌
107,273
Hugo
Boss
AG.
5,780,379‌
42,874
(c)
Ionos
SE
1,097,597‌
7,604
(b)
JOST
Werke
SE
367,200‌
159,848
KION
Group
AG.
7,367,058‌
154,285
Kloeckner
&
Co
AG.
1,093,525‌
46,943
(b),(c)
Montana
Aerospace
AG.
907,222‌
313,466
Schaeffler
AG.
1,834,317‌
374,277
(b),(c)
TeamViewer
SE
4,937,736‌
805,450
(c)
TUI
AG.
5,656,359‌
44,482
Wacker
Construction
Equipment
AG.
795,696‌
TOTAL
GERMANY
42,659,209‌
GREECE
-
0
.2
%
101,728
Hellenic
Petroleum
S.A.
911,948‌
278,535
Holding
CO
ADMIE
IPTO
S.A.
661,079‌
959,946
(c)
Intralot
S.A.-Integrated
Lottery
Systems
&
Services
1,176,074‌
TOTAL
GREECE
2,749,101‌
HONG
KONG
-
0
.3
%
782,000
Cafe
de
Coral
Holdings
Ltd
811,043‌
2,168,000
Digital
China
Holdings
Ltd
791,393‌
294,000
Giordano
International
Ltd
75,029‌
13,940
(c),(e)
Hong
Kong
Resources
Holdings
Co
Ltd
1,693‌
99,000
Johnson
Electric
Holdings
Ltd
135,053‌
351,000
Luk
Fook
Holdings
International
Ltd
841,473‌
336,000
Pacific
Basin
Shipping
Ltd
116,343‌
1,238,000
Texhong
International
Group
Ltd
672,594‌
TOTAL
HONG
KONG
3,444,621‌
INDIA
-
9
.0
%
258,628
(c)
Affle
India
Ltd
3,462,639‌
7,631
Akzo
Nobel
India
Ltd
224,053‌
239,338
Astral
Ltd
6,057,461‌
85,694
Bajaj
Electricals
Ltd
970,997‌
287,271
Bharat
Dynamics
Ltd
6,786,195‌
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
86
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INDIA—continued
111,221
Chennai
Petroleum
Corp
Ltd
$
1,360,307‌
22,726
(b)
Cochin
Shipyard
Ltd
354,578‌
1,613,538
Crompton
Greaves
Consumer
Electricals
Ltd
6,150,727‌
9,172
ESAB
India
Ltd
583,566‌
89,755
Glenmark
Life
Sciences
Ltd
889,042‌
32,854
Grindwell
Norton
Ltd
837,280‌
343,633
Gujarat
Narmada
Valley
Fertilizers
&
Chemicals
Ltd
2,929,861‌
118,236
(b)
IndiaMart
InterMesh
Ltd
3,735,893‌
22,511
Ingersoll
Rand
India
Ltd
1,076,637‌
3,197,158
Jamna
Auto
Industries
Ltd
5,329,174‌
808,139
Jindal
Saw
Ltd
5,347,173‌
233,912
Kansai
Nerolac
Paints
Ltd
782,174‌
6,261
Maharashtra
Scooters
Ltd
583,835‌
362,724
Maharashtra
Seamless
Ltd
3,917,876‌
2,319,855
NCC
Ltd
6,710,769‌
580,151
Poonawalla
Fincorp
Ltd
3,396,241‌
8,164
Procter
&
Gamble
Health
Ltd
480,624‌
2,367,294
PTC
India
Ltd
6,352,851‌
244,132
Ramkrishna
Forgings
Ltd
2,190,243‌
448,667
(c)
Rategain
Travel
Technologies
Ltd
3,731,459‌
18,075
Ratnamani
Metals
&
Tubes
Ltd
683,224‌
1,080,504
REC
Ltd
6,545,363‌
65,109
Relaxo
Footwears
Ltd
649,433‌
340,243
(c)
Reliance
Energy
Ltd
724,151‌
140,314
RITES
Ltd
1,146,790‌
13,006
Sanofi
India
Ltd
1,296,784‌
1,947,909
Shipping
Corp
of
India
Ltd
5,284,774‌
7,662
SKF
India
Ltd
424,859‌
300,240
Sun
TV
Network
Ltd
2,354,906‌
103,927
Supreme
Industries
Ltd
6,294,314‌
22,761
Symphony
Ltd
263,773‌
241,454
Techno
Electric
&
Engineering
Co
Ltd
2,928,257‌
33,537
(b),(c)
Tejas
Networks
Ltd
458,889‌
962,277
Triveni
Turbine
Ltd
6,192,955‌
390,378
V-Guard
Industries
Ltd
1,602,224‌
TOTAL
INDIA
111,092,351‌
INDONESIA
-
0
.9
%
1,854,700
Bank
Pembangunan
Daerah
Jawa
Timur
Tbk
PT
67,869‌
23,465,660
(c)
Energi
Mega
Persada
Tbk
PT
297,289‌
4,627,700
Indika
Energy
Tbk
PT
408,410‌
682,575
Indo
Tambangraya
Megah
Tbk
PT
1,058,915‌
29,310,837
Industri
Jamu
Dan
Farmasi
Sido
Muncul
Tbk
PT
1,315,923‌
49,705,425
Medco
Energi
Internasional
Tbk
PT
4,078,026‌
7,156,800
Perusahaan
Perkebunan
London
Sumatra
Indonesia
Tbk
PT
380,250‌
36,865,925
PT
Perusahaan
Gas
Negara
Persero
Tbk
3,329,088‌
516,500
PT
Selamat
Sempurna
Tbk
57,177‌
TOTAL
INDONESIA
10,992,947‌
IRELAND
-
0
.4
%
930,718
Cairn
Homes
plc
1,567,722‌
423,796
Dalata
Hotel
Group
plc
1,905,880‌
808,289
(b),(c)
Glenveagh
Properties
plc
1,100,686‌
162,042
Origin
Enterprises
plc
579,320‌
TOTAL
IRELAND
5,153,608‌
ISRAEL
-
2
.2
%
52,362
Camtek
Ltd
4,260,921‌
115,562
First
International
Bank
Of
Israel
Ltd
4,587,007‌
14,038
Formula
Systems
1985
Ltd
1,021,844‌
34,623
Ituran
Location
and
Control
Ltd
889,119‌
7,432
M
Yochananof
&
Sons
Ltd
385,539‌
48,679
(c)
Nova
Measuring
Instruments
Ltd
8,237,978‌
87
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ISRAEL—continued
58,009
(c)
Perion
Network
Ltd
$
723,456‌
540
Rami
Levy
Chain
Stores
Hashikma
Marketing
2006
Ltd
30,727‌
53,109
Sapiens
International
Corp
NV
1,638,765‌
522,337
Shufersal
Ltd
3,439,096‌
136,477
(c)
SimilarWeb
Ltd
1,008,565‌
53,572
(c)
WalkMe
Ltd
416,790‌
TOTAL
ISRAEL
26,639,807‌
ITALY
-
1
.7
%
740,622
A2A
S.p.A.
1,460,620‌
285,425
(b)
Anima
Holding
S.p.A
1,337,316‌
69,561
(a)
Ascopiave
S.p.A.
182,006‌
1,924,171
Iride
S.p.A.
3,868,010‌
57,287
Iveco
Group
NV
718,306‌
560,066
MFE-MediaForEurope
NV
1,644,311‌
376,207
(b)
OVS
S.p.A
982,848‌
19,147
Sesa
S.p.A
1,991,098‌
932,802
Unipol
Gruppo
S.p.A
8,362,292‌
TOTAL
ITALY
20,546,807‌
JAPAN
-
21
.8
%
91,500
Aichi
Corp
615,162‌
100,100
Aida
Engineering
Ltd
566,662‌
41,900
Alfresa
Holdings
Corp
620,936‌
87,700
AOKI
Holdings,
Inc
617,835‌
37,200
Argo
Graphics,
Inc
954,320‌
82,300
Autobacs
Seven
Co
Ltd
832,145‌
178,300
Avex
Group
Holdings,
Inc
1,467,964‌
26,300
Bunka
Shutter
Co
Ltd
283,454‌
35,800
C
Uyemura
&
Co
Ltd
2,343,345‌
61,900
(c)
Canon
Electronics,
Inc
883,463‌
1,100
Chofu
Seisakusho
Co
Ltd
15,903‌
88,700
Chudenko
Corp
1,789,740‌
206,000
Chugoku
Electric
Power
Co,
Inc
1,414,231‌
152,300
Comture
Corp
1,865,165‌
45,200
(c)
Cover
Corp
482,928‌
34,700
Daiwa
Industries
Ltd
352,552‌
92,400
Digital
Arts,
Inc
2,477,935‌
371,400
Electric
Power
Development
Co
6,308,967‌
145,800
FCC
Co
Ltd
2,074,565‌
307,400
Fuji
Machine
Manufacturing
Co
Ltd
5,156,755‌
37,900
Fujicco
Co
Ltd
456,314‌
33,000
Fukui
Computer
Holdings,
Inc
514,229‌
15,300
Future
Architect,
Inc
154,352‌
23,500
Giken
Seisakusho
Co,
Inc
291,712‌
131,400
G-Tekt
Corp
1,792,772‌
332,600
(c)
GungHo
Online
Entertainment,
Inc
4,889,726‌
6,300
Hanwa
Co
Ltd
242,401‌
185,100
Ichibanya
Co
Ltd
1,278,035‌
56,600
I'll,
Inc
967,738‌
89,700
Inaba
Denki
Sangyo
Co
Ltd
2,092,749‌
10,700
INFRONEER
Holdings,
Inc
94,756‌
508,500
(a),(c)
Ispace,
Inc
2,443,129‌
107,900
Itochu
Enex
Co
Ltd
1,044,364‌
110,600
JAC
Recruitment
Co
Ltd
532,948‌
420,300
Jafco
Co
Ltd
4,743,341‌
131,800
Japan
Petroleum
Exploration
Co
5,559,752‌
566,700
JGC
Corp
5,462,518‌
157,900
Justsystems
Corp
2,750,394‌
135,600
(a)
Kanamoto
Co
Ltd
2,280,656‌
447,400
Kandenko
Co
Ltd
4,990,614‌
206,400
Kinden
Corp
3,938,343‌
595,400
Kobe
Steel
Ltd
7,267,177‌
83,900
Koshidaka
Holdings
Co
Ltd
458,992‌
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
88
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
47,800
Macnica
Holdings,
Inc
$
2,107,648‌
112,100
Mandom
Corp
924,867‌
113,700
Maruichi
Steel
Tube
Ltd
2,927,601‌
15,700
Maxvalu
Tokai
Co
Ltd
307,848‌
153,200
MCJ
Co
Ltd
1,337,368‌
331,600
Mediceo
Paltac
Holdings
Co
Ltd
5,200,496‌
12,000
Melco
Holdings,
Inc
260,852‌
107,700
Micronics
Japan
Co
Ltd
4,436,546‌
138,900
Mimasu
Semiconductor
Industry
Co
Ltd
3,203,814‌
27,500
MIRAIT
ONE
corp
335,775‌
21,000
Mitsubishi
Research
Institute,
Inc
652,888‌
57,300
Mitsui
Mining
&
Smelting
Co
Ltd
1,796,749‌
34,600
Mitsui
Sugar
Co
Ltd
672,446‌
241,200
Mixi
Inc
3,681,156‌
193,680
Monogatari
Corp
5,232,892‌
64,200
Morita
Holdings
Corp
755,782‌
276,700
Nagase
&
Co
Ltd
4,787,004‌
131,300
NET
One
Systems
Co
Ltd
2,200,752‌
167,500
Nihon
Parkerizing
Co
Ltd
1,288,095‌
55,300
Nihon
Unisys
Ltd
1,608,755‌
83,200
Nikkiso
Co
Ltd
664,451‌
94,000
Nippon
Ceramic
Co
Ltd
1,608,727‌
115,900
Nippon
Pillar
Packing
Co
Ltd
4,565,247‌
17,300
Nippon
Road
Co
Ltd
207,386‌
24,100
Nippon
Seiki
Co
Ltd
219,150‌
12,300
Nippon
System
Development
Co
Ltd
240,415‌
48,300
Nitta
Corp
1,246,227‌
17,700
Nittetsu
Mining
Co
Ltd
556,335‌
25,500
Noevir
Holdings
Co
Ltd
843,728‌
27,100
Nomura
Co
Ltd
145,863‌
141,300
NS
Solutions
Corp
4,602,369‌
35,600
(a)
Obara
Corp
929,967‌
118,500
OBIC
Business
Consultants
Ltd
4,842,184‌
40,800
Ohsho
Food
Service
Corp
2,022,045‌
239,300
Optorun
Co
Ltd
2,939,756‌
193,700
Pacific
Industrial
Co
Ltd
1,997,867‌
112,000
Piolax,
Inc
1,902,719‌
232,900
Pola
Orbis
Holdings,
Inc
2,137,128‌
60,600
Prima
Meat
Packers
Ltd
886,426‌
254,900
Raito
Kogyo
Co
Ltd
3,312,096‌
33,500
Ryoshoku
Ltd
1,187,855‌
117,000
Sangetsu
Co
Ltd
2,487,273‌
155,600
Sanki
Engineering
Co
Ltd
2,184,266‌
289,300
Sankyo
Co
Ltd
3,142,382‌
347,400
Sanwa
Shutter
Corp
5,673,349‌
44,800
Sanyo
Chemical
Industries
Ltd
1,171,526‌
28,900
SB
Technology
Corp
536,479‌
51,000
SCREEN
Holdings
Co
Ltd
5,262,034‌
131,500
(a)
Shibaura
Machine
Co
Ltd
2,943,806‌
110,900
(a)
Shibaura
Mechatronics
Corp
4,223,952‌
193,400
Shin-Etsu
Polymer
Co
Ltd
1,887,858‌
19,800
Shinmaywa
Industries
Ltd
150,959‌
100,040
Shinwa
Kaiun
Kaisha
Ltd
3,027,151‌
61,900
Solasto
Corp
195,184‌
37,500
Star
Micronics
Co
Ltd
445,261‌
47,300
(a)
Sumitomo
Densetsu
Co
Ltd
1,062,431‌
216,300
Suzuken
Co
Ltd
6,388,145‌
1,515,200
Systena
Corp
2,524,683‌
7,000
Taihei
Dengyo
Kaisha
Ltd
197,024‌
120,700
Taikisha
Ltd
3,560,002‌
46,000
Takasago
Thermal
Engineering
Co
Ltd
1,542,110‌
197,400
Takeuchi
Manufacturing
Co
Ltd
7,488,013‌
45,300
Takiron
Co
Ltd
187,723‌
89
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
150,900
TechMatrix
Corp
$
1,599,242‌
33,300
Tenma
Corp
475,970‌
59,500
TKC
1,369,273‌
140,100
Tocalo
Co
Ltd
1,614,385‌
6,300
Toenec
Corp
215,689‌
18,700
Tokai
Corp
(GIFU)
248,815‌
103,000
Tokyo
Steel
Manufacturing
Co
Ltd
1,092,605‌
41,700
Torii
Pharmaceutical
Co
Ltd
1,040,780‌
191,800
Toyo
Construction
Co
Ltd
1,554,057‌
246,500
Toyoda
Gosei
Co
Ltd
4,772,411‌
182,200
Toyota
Boshoku
Corp
2,694,432‌
78,900
Tsubakimoto
Chain
Co
2,716,369‌
63,700
UACJ
Corp
1,946,075‌
24,000
Union
Tool
Co
695,266‌
290,300
(a)
Universal
Entertainment
Corp
3,039,068‌
95,600
(a),(c)
Visional,
Inc
4,362,060‌
15,700
WDB
Holdings
Co
Ltd
224,808‌
18,900
(a)
Weathernews,
Inc
555,006‌
130,700
Yamato
Kogyo
Co
Ltd
7,022,404‌
158,300
Yurtec
Corp
1,466,692‌
151,000
Zenkoku
Hosho
Co
Ltd
5,301,903‌
489,300
ZIGExN
Co
Ltd
1,639,779‌
45,700
Zuken,
Inc
1,194,157‌
TOTAL
JAPAN
269,271,171‌
KOREA,
REPUBLIC
OF
-
4
.6
%
20,670
AfreecaTV
Co
Ltd
1,673,063‌
51,585
Ahnlab,
Inc
2,359,177‌
29,643
Daishin
Securities
Co
Ltd
PF
319,423‌
49,226
Doosan
Corp
5,377,194‌
47,949
Doosan
Tesna,
Inc
1,671,900‌
79,959
Douzone
Bizon
Co
Ltd
3,431,117‌
99,939
Eugene
Technology
Co
Ltd
3,801,585‌
274,794
Hanwha
General
Insurance
Co
Ltd
999,387‌
1,188,111
Hanwha
Life
Insurance
Co
Ltd
2,520,218‌
193,525
Hyundai
Marine
&
Fire
Insurance
Co
Ltd
4,368,642‌
4,904
Innocean
Worldwide,
Inc
80,429‌
30,683
ISC
Co
Ltd
1,606,996‌
99,795
KEPCO
Plant
Service
&
Engineering
Co
Ltd
2,532,166‌
72,794
KoMiCo
Ltd
4,764,570‌
200,338
Korean
Reinsurance
Co
1,184,130‌
33,409
LEENO
Industrial,
Inc
5,952,653‌
21,212
MegaStudyEdu
Co
Ltd
925,887‌
66,911
Orion
Holdings
Corp
711,253‌
115,559
Poongsan
Corp
5,399,732‌
6,129
Shinyoung
Securities
Co
Ltd
300,219‌
239,252
Tongyang
Life
Insurance
Co
Ltd
917,666‌
17,286
TSE
Co
Ltd
1,019,744‌
12,892
Webzen,
Inc
151,548‌
191,475
WONIK
IPS
Co
Ltd
5,099,484‌
TOTAL
KOREA,
REPUBLIC
OF
57,168,183‌
KUWAIT
-
0
.1
%
30,264
Boursa
Kuwait
Securities
Co
KPSC
196,328‌
160,199
Humansoft
Holding
Co
KSC
1,506,380‌
TOTAL
KUWAIT
1,702,708‌
MALAYSIA
-
0
.8
%
1,573,500
Bermaz
Auto
Bhd
761,610‌
520,600
Bursa
Malaysia
BHD
812,673‌
692,300
(c)
Greatech
Technology
Bhd
651,287‌
644,180
Hibiscus
Petroleum
Bhd
364,826‌
3,188,100
IJM
Corp
BHD
1,610,834‌
2,598,300
KPJ
Healthcare
Bhd
1,097,336‌
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
90
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MALAYSIA—continued
849,400
Magnum
Bhd
$
204,675‌
2,820,500
Malakoff
Corp
Bhd
395,128‌
427,000
Ta
Ann
Holdings
Bhd
378,462‌
550,500
United
Plantations
BHD
2,906,778‌
889,400
VS
Industry
Bhd
169,358‌
TOTAL
MALAYSIA
9,352,967‌
MALTA
-
0
.0
%
11,136
(c)
Kambi
Group
plc
100,724‌
TOTAL
MALTA
100,724‌
MEXICO
-
0
.9
%
1,381,976
(c)
Alsea
SAB
de
C.V.
5,789,040‌
1,388,765
(b)
Banco
del
Bajio
S.A.
5,120,289‌
342,823
Concentradora
Fibra
Danhos
S.A.
de
C.V.
412,851‌
TOTAL
MEXICO
11,322,180‌
NETHERLANDS
-
1
.2
%
112,696
Arcadis
NV
6,959,988‌
253,557
Fugro
NV
6,150,086‌
241,434
(a)
Koninklijke
BAM
Groep
NV
984,182‌
6,487
Sligro
Food
Group
NV
98,392‌
TOTAL
NETHERLANDS
14,192,648‌
NEW
ZEALAND
-
0
.1
%
755,230
Fletcher
Building
Ltd
1,690,367‌
TOTAL
NEW
ZEALAND
1,690,367‌
NORWAY
-
1
.0
%
115,451
BW
Offshore
Ltd
290,485‌
15,866
Gram
Car
Carriers
ASA
367,781‌
128,281
Odfjell
Drilling
Ltd
584,706‌
75,421
SpareBank
SR-Bank
ASA
913,238‌
2,594
Sparebanken
Nord-Norge
23,440‌
681,676
Storebrand
ASA
6,543,815‌
328,932
TGS
Nopec
Geophysical
Co
ASA
3,710,449‌
10,656
Wallenius
Wilhelmsen
ASA
107,333‌
TOTAL
NORWAY
12,541,247‌
PHILIPPINES
-
0
.2
%
2,104,800
DMCI
Holdings,
Inc
403,701‌
2,596,400
LT
Group,
Inc
456,640‌
1,928,700
Semirara
Mining
&
Power
Corp
1,099,345‌
TOTAL
PHILIPPINES
1,959,686‌
POLAND
-
0
.2
%
108,378
Asseco
Poland
S.A.
2,129,952‌
33,827
LiveChat
Software
S.A.
750,525‌
TOTAL
POLAND
2,880,477‌
PORTUGAL
-
0
.3
%
14,825
CTT-Correios
de
Portugal
S.A.
69,772‌
53,096
NOS
SGPS
S.A.
183,591‌
974,598
Redes
Energeticas
Nacionais
S.A.
2,353,178‌
25,465
Semapa-Sociedade
de
Investimento
e
Gestao
431,886‌
429,281
Sonae
SPGS
S.A.
429,825‌
TOTAL
PORTUGAL
3,468,252‌
QATAR
-
0
.2
%
5,372,005
Vodafone
Qatar
QSC
2,611,494‌
TOTAL
QATAR
2,611,494‌
RUSSIA
-
0
.0
%
81,310
(c),(d)
Sistema
PJSFC
(GDR)
813‌
TOTAL
RUSSIA
813‌
SAUDI
ARABIA
-
0
.4
%
1,316,814
Abdullah
Al
Othaim
Markets
Co
4,365,968‌
91
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SAUDI
ARABIA—continued
104,344
Arabian
Cement
Co
$
851,554‌
16,502
Eastern
Province
Cement
Co
146,954‌
4,705
Jadwa
REIT
Saudi
Fund
15,204‌
TOTAL
SAUDI
ARABIA
5,379,680‌
SINGAPORE
-
1
.3
%
511,000
(a)
AEM
Holdings
Ltd
874,550‌
956,500
ComfortDelgro
Corp
Ltd
1,040,402‌
1,651,300
NetLink
NBN
Trust
1,034,293‌
1,522,200
Riverstone
Holdings
Ltd
872,404‌
1,861,200
Sheng
Siong
Group
Ltd
2,109,832‌
2,874,500
UMS
Holdings
Ltd
2,822,304‌
542,200
Venture
Corp
Ltd
5,744,735‌
6,069,300
Yangzijiang
Financial
Holding
Ltd
1,400,556‌
TOTAL
SINGAPORE
15,899,076‌
SOUTH
AFRICA
-
0
.2
%
6,462
AVI
Ltd
29,836‌
187,971
Barloworld
Ltd
861,893‌
69,509
DataTec
Ltd
134,396‌
154,452
Fortress
REIT
Ltd
120,878‌
9,342
JSE
Ltd
42,657‌
534,982
Network
Healthcare
Holdings
Ltd
323,970‌
123,145
Reunert
Ltd
433,792‌
40,881
(b)
Scatec
ASA
298,354‌
TOTAL
SOUTH
AFRICA
2,245,776‌
SPAIN
-
0
.6
%
96,621
(c)
AmRest
Holdings
SE
627,641‌
252,162
Atresmedia
Corp
de
Medios
de
Comunicacion
S.A.
1,266,389‌
4,925
Cia
de
Distribucion
Integral
Logista
Holdings
S.A.
133,957‌
32,178
Construcciones
y
Auxiliar
de
Ferrocarriles
S.A.
1,101,514‌
94,689
(c)
eDreams
ODIGEO
S.A.
644,713‌
369,759
Faes
Farma
S.A.
(Sigma)
1,341,678‌
371,438
(b)
Gestamp
Automocion
S.A.
1,112,976‌
8,762
(b)
Global
Dominion
Access
S.A.
32,748‌
22,641
Prosegur
Cia
de
Seguridad
S.A.
40,143‌
8,454
(c)
Sol
Melia
S.A.
65,741‌
796,701
(a),(b)
Unicaja
Banco
S.A.
1,040,694‌
TOTAL
SPAIN
7,408,194‌
SWEDEN
-
3
.1
%
219,082
(b)
AcadeMedia
AB
1,005,912‌
682,429
Alleima
AB
4,241,541‌
581,886
Arjo
AB
2,442,175‌
144,630
(b)
Attendo
AB
548,577‌
223,652
Axfood
AB
5,785,756‌
117,266
BioGaia
AB
1,248,714‌
90,806
Bure
Equity
AB
2,843,007‌
135,026
Cloetta
AB
201,068‌
17,892
(c)
Collector
Bank
AB
66,099‌
167,941
(b)
Coor
Service
Management
Holding
AB
730,258‌
63,025
Creades
AB
398,800‌
1,081,497
(a)
Fortnox
AB
6,301,816‌
76,865
(a)
Instalco
AB
270,642‌
29,185
Investment
AB
Oresund
288,324‌
84,495
Inwido
AB
1,040,672‌
103,949
Loomis
AB
2,656,599‌
64,960
Mekonomen
AB
663,723‌
167,913
(b)
Munters
Group
AB
3,347,742‌
90,968
Paradox
Interactive
AB
1,375,350‌
61,835
(c)
Rusta
AB
424,749‌
43,653
(c)
Sdiptech
AB
1,112,294‌
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
92
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SWEDEN—continued
1,422,419
(c)
Stillfront
Group
AB
$
1,351,772‌
TOTAL
SWEDEN
38,345,590‌
SWITZERLAND
-
2
.7
%
213,523
Accelleron
Industries
AG.
8,301,508‌
2,965,260
(c)
Aryzta
AG.
5,613,933‌
13,609
Belimo
Holding
AG.
6,296,712‌
7,896
Burkhalter
Holding
AG.
865,833‌
2,220
Kardex
Holding
AG.
587,373‌
53,111
Landis&Gyr
Group
AG.
3,929,364‌
34,334
(b)
Medmix
AG.
563,985‌
1,787
Siegfried
Holding
AG.
1,707,626‌
43,070
Sulzer
AG.
5,216,642‌
TOTAL
SWITZERLAND
33,082,976‌
TAIWAN
-
7
.5
%
140,000
Airoha
Technology
Corp
2,905,472‌
3,827,000
Alpha
Networks,
Inc
3,803,910‌
2,483,000
Ardentec
Corp
5,545,518‌
89,000
ASMedia
Technology,
Inc
5,262,575‌
90,000
ASROCK,
Inc
618,990‌
1,176,000
Chicony
Electronics
Co
Ltd
7,280,157‌
766,000
(c)
Chicony
Power
Technology
Co
Ltd
4,069,982‌
3,568,000
ChipMOS
Technologies,
Inc
4,995,444‌
1,074,000
Dynapack
International
Technology
Corp
3,199,863‌
19,000
ECOVE
Environment
Corp
179,719‌
394,000
Formosa
Advanced
Technologies
Co
Ltd
443,729‌
205,000
Fortune
Electric
Co
Ltd
5,280,686‌
611,000
Foxsemicon
Integrated
Technology,
Inc
5,636,036‌
1,104,000
Greatek
Electronics,
Inc
2,062,995‌
433,000
ITE
Technology,
Inc
2,200,447‌
102,000
Kerry
TJ
Logistics
Co
Ltd
132,462‌
2,487,000
King
Yuan
Electronics
Co
Ltd
7,236,678‌
484,000
LuxNet
Corp
1,779,166‌
73,000
Powertech
Technology,
Inc
388,752‌
1,220,000
Shin
Zu
Shing
Co
Ltd
6,478,171‌
65,000
Shinkong
Insurance
Co
Ltd
192,287‌
2,479,000
Sigurd
Microelectronics
Corp
5,605,192‌
506,000
Simplo
Technology
Co
Ltd
6,757,204‌
1,890,000
Supreme
Electronics
Co
Ltd
5,092,756‌
699,000
Transcend
Information,
Inc
2,006,652‌
296,000
VIA
Labs,
Inc
1,755,890‌
311,000
XinTec,
Inc
1,108,269‌
TOTAL
TAIWAN
92,019,002‌
THAILAND
-
1
.0
%
7,283,600
AP
Thailand
PCL
2,114,408‌
1,804,800
Bangkok
Life
Assurance
PCL
874,013‌
2,524,900
Ditto
Thailand
PCL
1,407,228‌
291,300
Electricity
Generating
PCL
881,180‌
649,500
MK
Restaurants
Group
PCL
651,691‌
5,912,600
(c)
Nex
Point
Parts
PCL
1,442,396‌
658,500
Pruksa
Holding
PCL
205,548‌
1,206,700
SC
Asset
Corp
PCL
122,663‌
493,600
SPCG
PCL
150,504‌
6,504,800
Sri
Trang
Agro-Industry
PCL
3,062,266‌
1,176,900
Thanachart
Capital
PCL
1,556,074‌
168,900
Tisco
Bank
PCL
442,687‌
TOTAL
THAILAND
12,910,658‌
TURKEY
-
0
.8
%
1,972,459
(b)
Mavi
Giyim
Sanayi
Ve
Ticaret
AS.
5,633,640‌
109,757
Migros
Ticaret
AS
1,497,938‌
93
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TURKEY—continued
1,392,153
Sok
Marketler
Ticaret
AS.
$
2,496,253‌
TOTAL
TURKEY
9,627,831‌
UNITED
ARAB
EMIRATES
-
0
.0
%
114,371
Taaleem
Holdings
PJSC
116,772‌
TOTAL
UNITED
ARAB
EMIRATES
116,772‌
UNITED
KINGDOM
-
9
.2
%
376,487
Allfunds
Group
PLC
2,366,019‌
316,646
(b),(c)
Aston
Martin
Lagonda
Global
Holdings
plc
584,546‌
68,054
Bellway
plc
2,138,649‌
13,249
Bodycote
plc
113,964‌
862,191
British
Land
Co
plc
4,157,611‌
552,698
Bytes
Technology
Group
plc
3,361,706‌
459,178
Central
Asia
Metals
plc
1,196,599‌
739,796
Chemring
Group
plc
3,466,546‌
4,650,945
Dowlais
Group
plc
4,727,106‌
808,461
easyJet
plc
5,415,111‌
92,924
(c)
FD
Technologies
plc
1,483,927‌
7,709
Games
Workshop
Group
plc
952,787‌
168,178
Genuit
Group
plc
908,958‌
108,764
Hill
&
Smith
Holdings
plc
2,552,933‌
8,724
Hilton
Food
Group
plc
99,854‌
496,009
Hiscox
Ltd
7,606,729‌
826,245
Howden
Joinery
Group
plc
8,993,443‌
695,121
Inchcape
plc
6,928,217‌
317,225
IntegraFin
Holdings
plc
1,181,415‌
2,229,540
(c)
John
Wood
Group
plc
4,134,308‌
284,116
Johnson
Service
Group
plc
460,102‌
168,429
(b),(c)
Just
Eat
Takeaway.com
NV
2,460,326‌
50,657
Liontrust
Asset
Management
plc
427,265‌
399,516
Moneysupermarket.com
Group
plc
1,070,379‌
741,332
National
Express
Group
plc
513,188‌
209,389
NCC
Group
plc
354,787‌
156,876
(c)
Playtech
PLC
1,038,929‌
1,342,033
QinetiQ
plc
5,727,379‌
630,775
Redde
Northgate
plc
3,016,363‌
953,587
Rightmove
plc
6,108,488‌
1,535,713
Rotork
plc
6,173,465‌
2,439,818
Serco
Group
plc
5,585,173‌
2,965,201
Shaftesbury
Capital
plc
4,963,450‌
370,402
Softcat
plc
7,249,993‌
28,375
Spectris
plc
1,173,679‌
139,443
(a)
TORM
plc
4,816,915‌
49,818
Vesuvius
plc
297,451‌
TOTAL
UNITED
KINGDOM
113,807,760‌
UNITED
STATES
-
2
.4
%
421,747
(c)
Carnival
plc
5,654,994‌
62,479
(a),(c)
Fiverr
International
Ltd
1,281,444‌
396,741
GCC
SAB
de
C.V.
4,515,655‌
81,059
iShares
Core
MSCI
Emerging
Markets
ETF
4,186,697‌
25,463
iShares
MSCI
Canada
Index
Fund
940,094‌
143,457
iShares
MSCI
EAFE
Small-Cap
ETF
8,775,265‌
256,549
(a),(c)
Pagaya
Technologies
Ltd
2,496,222‌
5,995
(c)
Taro
Pharmaceutical
Industries
Ltd
254,667‌
63,610
Titan
Cement
International
S.A.
2,019,568‌
TOTAL
UNITED
STATES
30,124,606‌
TOTAL
COMMON
STOCKS
1,229,225,260‌
(Cost
$1,132,192,323)
TOTAL
LONG-TERM
INVESTMENTS
1,229,225,260‌
(Cost
$1,132,192,323)
Quant
International
Small
Cap
Equity
Fund
April
30,
2024
94
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
0.1%
REPURCHASE
AGREEMENT
-
0
.1
%
$
916,000
(f)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
$
916,000‌
TOTAL
REPURCHASE
AGREEMENT
916,000‌
TOTAL
SHORT-TERM
INVESTMENTS
916,000‌
(Cost
$916,000)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.4%
4,541,035
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(h)
4,541,035‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
4,541,035‌
(Cost
$4,541,035)
TOTAL
INVESTMENTS
-
100.0%
1,234,682,295‌
(Cost
$1,137,649,358)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.0%
595,648‌
NET
ASSETS
-
100.0%
$
1,235,277,943‌
ADR
American
Depositary
Receipt
ETF
Exchange
Traded
Fund
GDR
Global
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
(a)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$35,489,404.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$47,535,926
or
3.9%
of
Total
Investments.
(c)
Non-income
producing
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
When-issued
or
delayed
delivery
security.
(f)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$916,135
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$934,429.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Portfolio
of
Investments
International
Responsible
Equity
Fund
April
30,
2024
95
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
98.2%
COMMON
STOCKS
-
98.2%
AUSTRALIA
-
7
.0
%
28,193
Australian
Stock
Exchange
Ltd
$
1,151,688‌
494,546
Brambles
Ltd
4,652,515‌
12,852
Cochlear
Ltd
2,681,030‌
464,106
Coles
Group
Ltd
4,840,262‌
221,121
Commonwealth
Bank
of
Australia
16,201,433‌
137,175
Computershare
Ltd
2,409,941‌
98,414
Dexus
Property
Group
447,017‌
43,922
EBOS
Group
Ltd
907,389‌
427,273
Fortescue
Metals
Group
Ltd
7,081,812‌
361,855
Goodman
Group
7,309,336‌
35,448
(a)
IDP
Education
Ltd
369,612‌
793,333
Insurance
Australia
Group
Ltd
3,286,760‌
102,001
Mineral
Resources
Ltd
4,627,001‌
1,660,074
(a)
Pilbara
Minerals
Ltd
4,226,388‌
542,724
QBE
Insurance
Group
Ltd
6,208,203‌
43,700
Ramsay
Health
Care
Ltd
1,464,833‌
28,331
REA
Group
Ltd
3,247,527‌
78,084
Seek
Ltd
1,206,228‌
93,984
Sonic
Healthcare
Ltd
1,615,178‌
69,259
Stockland
Trust
Group
196,219‌
564,748
Suncorp-Metway
Ltd
6,031,743‌
2,193,516
Telstra
Corp
Ltd
5,182,429‌
808,414
Transurban
Group
6,490,318‌
186,464
Vicinity
Ltd
228,338‌
213,673
Wesfarmers
Ltd
9,153,586‌
56,443
WiseTech
Global
Ltd
3,325,200‌
276,200
Woolworths
Ltd
5,666,826‌
TOTAL
AUSTRALIA
110,208,812‌
AUSTRIA
-
0
.4
%
139,504
Erste
Bank
der
Oesterreichischen
Sparkassen
AG.
6,505,780‌
TOTAL
AUSTRIA
6,505,780‌
BELGIUM
-
0
.7
%
12,474
Dieteren
S.A.
2,690,923‌
88,868
KBC
Groep
NV
6,601,485‌
121,719
(a)
Umicore
S.A.
2,696,103‌
TOTAL
BELGIUM
11,988,511‌
BURKINA
FASO
-
0
.1
%
51,251
Endeavour
Mining
plc
1,085,144‌
TOTAL
BURKINA
FASO
1,085,144‌
CHILE
-
0
.4
%
228,975
Antofagasta
plc
6,281,191‌
TOTAL
CHILE
6,281,191‌
CHINA
-
1
.2
%
2,127,017
BOC
Hong
Kong
Holdings
Ltd
6,519,505‌
281,377
Prosus
NV
9,414,862‌
1,115,439
Wilmar
International
Ltd
2,621,920‌
TOTAL
CHINA
18,556,287‌
DENMARK
-
4
.3
%
22,071
Coloplast
A.S.
2,660,992‌
30,640
(b)
Demant
A.S.
1,463,120‌
21,759
(b)
Genmab
AS
6,040,949‌
351,316
Novo
Nordisk
A.S.
45,053,535‌
54,661
Novozymes
A.S.
3,026,946‌
57,575
Orsted
AS
3,164,225‌
International
Responsible
Equity
Fund
April
30,
2024
96
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
DENMARK—continued
9,913
Pandora
A.S.
$
1,508,758‌
205,752
Vestas
Wind
Systems
A.S.
5,513,872‌
TOTAL
DENMARK
68,432,397‌
FINLAND
-
1
.1
%
32,380
Elisa
Oyj
(Series
A)
1,459,993‌
55,018
Kesko
Oyj
(B
Shares)
939,288‌
155,626
Metso
Outotec
Oyj
1,764,348‌
200,969
Neste
Oil
Oyj
4,555,790‌
155,231
Stora
Enso
Oyj
(R
Shares)
2,067,774‌
104,499
UPM-Kymmene
Oyj
3,662,179‌
139,455
Wartsila
Oyj
(B
Shares)
2,572,595‌
TOTAL
FINLAND
17,021,967‌
FRANCE
-
7
.7
%
306,670
AXA
S.A.
10,595,932‌
110,983
Bouygues
S.A.
4,090,311‌
124,386
Bureau
Veritas
S.A.
3,627,796‌
316,653
Carrefour
S.A.
5,327,125‌
188,263
Cie
Generale
des
Etablissements
Michelin
S.C.A
7,232,809‌
131,044
Danone
8,201,695‌
159,509
Dassault
Systemes
SE
6,261,035‌
42,643
Eiffage
S.A.
4,549,941‌
25,138
(b)
Eurazeo
2,264,371‌
29,136
Fonciere
Des
Regions
1,450,277‌
26,550
Gecina
S.A.
2,710,803‌
4,923
Hermes
International
11,785,614‌
16,840
Kering
5,901,901‌
125,035
Klepierre
3,357,490‌
70,674
Legrand
S.A.
7,262,927‌
32,621
L'Oreal
S.A.
15,294,459‌
64,212
Publicis
Groupe
S.A.
7,085,588‌
257,782
Societe
Generale
6,945,949‌
31,866
Sodexho
Alliance
S.A.
2,774,682‌
68,685
(b)
Unibail-Rodamco-Westfield
5,723,724‌
TOTAL
FRANCE
122,444,429‌
GERMANY
-
8
.1
%
28,701
Adidas-Salomon
AG.
6,916,456‌
53,429
Allianz
AG.
15,162,351‌
75,870
Bayerische
Motoren
Werke
AG.
8,265,983‌
57,000
Continental
AG.
3,694,243‌
135,673
Daimler
AG.
(Registered)
10,262,426‌
39,705
Deutsche
Boerse
AG.
7,654,804‌
135,291
Evonik
Industries
AG.
2,819,554‌
50,913
(b)
GEA
Group
AG.
2,054,848‌
41,312
Henkel
KGaA
2,970,685‌
32,930
Henkel
KGaA
(Preference)
2,616,017‌
33,911
LEG
Immobilien
SE
2,878,649‌
38,679
Merck
KGaA
6,146,157‌
22,869
Muenchener
Rueckver
AG.
10,057,982‌
43,038
Puma
AG.
Rudolf
Dassler
Sport
1,987,107‌
123,853
SAP
AG.
22,363,782‌
97,861
Siemens
AG.
18,332,643‌
130,294
(b),(c)
Zalando
SE
3,409,177‌
TOTAL
GERMANY
127,592,864‌
HONG
KONG
-
1
.6
%
1,649,915
AIA
Group
Ltd
12,084,560‌
202,685
Hong
Kong
Exchanges
and
Clearing
Ltd
6,440,196‌
902,502
MTR
Corp
2,966,016‌
1,388,000
Sino
Land
Co
1,484,048‌
248,757
Swire
Pacific
Ltd
(Class
A)
2,106,650‌
97
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HONG
KONG—continued
326,000
Swire
Properties
Ltd
$
674,222‌
TOTAL
HONG
KONG
25,755,692‌
IRELAND
-
1
.3
%
122,324
CRH
plc
9,472,866‌
67,394
Kerry
Group
plc
(Class
A)
5,799,819‌
130,175
Smurfit
Kappa
Group
plc
5,640,425‌
TOTAL
IRELAND
20,913,110‌
ISRAEL
-
0
.3
%
626,656
Bank
Hapoalim
Ltd
5,645,184‌
TOTAL
ISRAEL
5,645,184‌
ITALY
-
1
.8
%
72,363
Amplifon
S.p.A.
2,415,933‌
280,815
Assicurazioni
Generali
S.p.A.
6,846,955‌
108,041
Coca-Cola
HBC
AG.
3,487,425‌
2,717,374
Intesa
Sanpaolo
S.p.A.
10,171,145‌
85,752
Moncler
S.p.A
5,838,182‌
TOTAL
ITALY
28,759,640‌
JAPAN
-
23
.1
%
141,700
Advantest
Corp
4,435,303‌
109,900
Aeon
Co
Ltd
2,297,822‌
138,400
Ajinomoto
Co,
Inc
5,145,913‌
234,500
Asahi
Kasei
Corp
1,634,965‌
326,700
Astellas
Pharma,
Inc
3,135,632‌
49,300
Azbil
Corp
1,376,949‌
160,364
Bridgestone
Corp
7,076,379‌
83,600
Brother
Industries
Ltd
1,478,797‌
50,027
Dai
Nippon
Printing
Co
Ltd
1,457,092‌
63,500
Daifuku
Co
Ltd
1,300,722‌
316,100
Daiichi
Sankyo
Co
Ltd
10,639,194‌
47,625
Daikin
Industries
Ltd
6,500,398‌
197,319
Daiwa
House
Industry
Co
Ltd
5,552,339‌
628,621
Daiwa
Securities
Group,
Inc
4,619,772‌
22,700
Don
Quijote
Co
Ltd
533,133‌
315,183
East
Japan
Railway
Co
5,776,977‌
58,748
Eisai
Co
Ltd
2,412,723‌
168,607
Fanuc
Ltd
4,994,019‌
22,764
Fast
Retailing
Co
Ltd
5,952,081‌
216,900
FUJIFILM
Holdings
Corp
4,614,000‌
374,720
Fujitsu
Ltd
5,788,727‌
87,916
Hankyu
Hanshin
Holdings,
Inc
2,305,002‌
62,453
(b)
Hitachi
Construction
Machinery
Co
Ltd
1,783,800‌
828,400
Honda
Motor
Co
Ltd
9,425,185‌
47,600
(b)
Hoya
Corp
5,518,735‌
65,400
Ibiden
Co
Ltd
2,486,081‌
338,900
Isuzu
Motors
Ltd
4,294,828‌
292,128
KDDI
Corp
8,106,195‌
269,500
Kikkoman
Corp
3,211,202‌
7,665
Kintetsu
Corp
197,056‌
242,483
Komatsu
Ltd
7,239,608‌
400,691
Kubota
Corp
6,426,973‌
136,700
Kyowa
Hakko
Kogyo
Co
Ltd
2,295,720‌
131,100
Minebea
Co
Ltd
2,455,547‌
464,684
Mitsubishi
Electric
Corp
8,099,408‌
216,663
Mitsubishi
Estate
Co
Ltd
3,970,286‌
34,306
Mitsui
Chemicals,
Inc
976,448‌
710,283
Mitsui
Fudosan
Co
Ltd
7,228,594‌
401,355
Mitsui
Sumitomo
Insurance
Group
Holdings,
Inc
7,215,976‌
462,600
Mizuho
Financial
Group,
Inc
8,941,645‌
86,801
NEC
Corp
6,284,565‌
167,540
Nintendo
Co
Ltd
8,170,753‌
25,300
Nippon
Express
Holdings,
Inc
1,294,304‌
International
Responsible
Equity
Fund
April
30,
2024
98
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
249,694
Nippon
Paint
Co
Ltd
$
1,598,295‌
42,300
Nitto
Denko
Corp
3,497,602‌
1,025,700
(b)
Nomura
Holdings,
Inc
5,836,214‌
110,400
Nomura
Research
Institute
Ltd
2,671,447‌
72,585
Obayashi
Corp
810,106‌
47,200
Odakyu
Electric
Railway
Co
Ltd
530,655‌
53,600
Omron
Corp
1,839,679‌
142,100
Ono
Pharmaceutical
Co
Ltd
2,046,717‌
231,153
Oriental
Land
Co
Ltd
6,377,907‌
324,907
ORIX
Corp
6,649,355‌
682,458
Panasonic
Corp
5,956,800‌
370,900
(b)
Rakuten,
Inc
1,783,822‌
197,678
Recruit
Holdings
Co
Ltd
8,513,470‌
401,200
Renesas
Electronics
Corp
6,513,784‌
253,000
Ricoh
Co
Ltd
2,182,645‌
32,300
Secom
Co
Ltd
2,243,638‌
108,700
Seiko
Epson
Corp
1,788,113‌
18,324
Sekisui
Chemical
Co
Ltd
266,578‌
42,363
Sekisui
House
Ltd
973,517‌
74,200
SG
Holdings
Co
Ltd
868,517‌
150,200
(a),(b)
Sharp
Corp
788,425‌
61,900
Shimadzu
Corp
1,681,703‌
157,368
Shimizu
Corp
974,809‌
279,866
Shin-Etsu
Chemical
Co
Ltd
10,833,316‌
61,300
Shionogi
&
Co
Ltd
2,862,756‌
619,239
SoftBank
Corp
7,469,066‌
303,378
Sompo
Holdings,
Inc
6,003,886‌
173,968
Sony
Corp
14,378,688‌
14,100
Sumisho
Computer
Systems
Corp
256,327‌
143,532
Sumitomo
Metal
Mining
Co
Ltd
4,795,209‌
78,800
Suntory
Beverage
&
Food
Ltd
2,563,777‌
60,600
Sysmex
Corp
969,017‌
100,100
T&D
Holdings,
Inc
1,633,365‌
102,800
TDK
Corp
4,586,009‌
230,200
Terumo
Corp
3,905,141‌
46,800
TIS,
Inc
999,488‌
9,000
Tobu
Railway
Co
Ltd
178,564‌
328,069
Tokio
Marine
Holdings,
Inc
10,369,075‌
63,500
Tokyo
Electron
Ltd
13,928,454‌
15,100
Tokyu
Corp
178,747‌
753,940
Toray
Industries,
Inc
3,446,049‌
24
Toto
Ltd
650‌
128,518
West
Japan
Railway
Co
2,439,457‌
24,970
Yamaha
Corp
526,197‌
518,100
Yamaha
Motor
Co
Ltd
4,832,431‌
55,200
Yamato
Transport
Co
Ltd
729,008‌
46,386
Yaskawa
Electric
Corp
1,911,224‌
81,698
Yokogawa
Electric
Corp
1,805,183‌
1,221,400
Z
Holdings
Corp
2,934,575‌
TOTAL
JAPAN
365,580,305‌
NETHERLANDS
-
4
.3
%
842,976
Aegon
NV
5,249,925‌
31,905
Akzo
Nobel
NV
2,105,154‌
43,710
ASML
Holding
NV
38,071,965‌
176,505
Koninklijke
Ahold
Delhaize
NV
5,357,666‌
437,512
Koninklijke
KPN
NV
1,589,976‌
133,709
NN
Group
NV
6,168,114‌
22,282
Randstad
Holdings
NV
1,117,463‌
152,460
Universal
Music
Group
NV
4,484,639‌
26,532
Wolters
Kluwer
NV
3,972,012‌
TOTAL
NETHERLANDS
68,116,914‌
99
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
NEW
ZEALAND
-
0
.5
%
645,333
Auckland
International
Airport
Ltd
$
2,985,059‌
199,293
Mercury
NZ
Ltd
749,225‌
110,394
Meridian
Energy
Ltd
390,298‌
366,282
Telecom
Corp
of
New
Zealand
Ltd
1,029,517‌
35,478
(b)
Xero
Ltd
2,754,448‌
TOTAL
NEW
ZEALAND
7,908,547‌
NORWAY
-
1
.0
%
316,355
DNB
Bank
ASA
5,513,797‌
48,338
Gjensidige
Forsikring
ASA
775,017‌
255,417
Mowi
ASA
4,484,330‌
155,576
Orkla
ASA
1,058,292‌
316,364
Telenor
ASA
3,642,522‌
TOTAL
NORWAY
15,473,958‌
SINGAPORE
-
1
.4
%
1,510,619
(b)
Capitaland
Investment
Ltd
2,921,314‌
341,668
CapitaMall
Trust
487,046‌
288,800
City
Developments
Ltd
1,294,382‌
1,099,764
(b)
Grab
Holdings
Ltd
3,849,174‌
628,319
Keppel
Corp
Ltd
3,142,795‌
788,005
Oversea-Chinese
Banking
Corp
8,180,724‌
25,733,420
(b)
SembCorp
Marine
Ltd
1,838,279‌
TOTAL
SINGAPORE
21,713,714‌
SPAIN
-
2
.9
%
113,548
Amadeus
IT
Holding
S.A.
7,207,337‌
968,272
Banco
Bilbao
Vizcaya
Argentaria
S.A.
10,470,867‌
176,762
(c)
Cellnex
Telecom
S.A.
5,842,814‌
985,556
Iberdrola
S.A.
12,084,470‌
197,727
(a)
Industria
de
Diseno
Textil
S.A.
9,002,696‌
83,332
Redeia
Corp
S.A.
1,391,112‌
TOTAL
SPAIN
45,999,296‌
SWEDEN
-
3
.7
%
16,736
(a)
Alfa
Laval
AB
712,531‌
246,415
Assa
Abloy
AB
6,510,630‌
515,677
Atlas
Copco
AB
9,032,641‌
456,274
Atlas
Copco
AB
6,841,471‌
158,814
(a)
Boliden
AB
5,219,373‌
67,463
Epiroc
AB
1,247,213‌
42,058
Epiroc
AB
697,152‌
153,212
Essity
AB
3,822,600‌
22,793
(a)
Hennes
&
Mauritz
AB
(B
Shares)
362,290‌
30,581
Husqvarna
AB
(B
Shares)
248,049‌
146,335
(a)
Nibe
Industrier
AB
675,222‌
301,855
(a)
Sandvik
AB
6,017,037‌
56,776
SKF
AB
(B
Shares)
1,167,205‌
30,955
Svenska
Cellulosa
AB
(B
Shares)
453,654‌
515,779
Svenska
Handelsbanken
AB
4,422,971‌
61,666
Tele2
AB
(B
Shares)
575,162‌
1,027,227
TeliaSonera
AB
2,349,757‌
307,158
Volvo
AB
(B
Shares)
7,818,148‌
TOTAL
SWEDEN
58,173,106‌
SWITZERLAND
-
7
.7
%
252,579
ABB
Ltd
12,272,419‌
63,622
Alcon,
Inc
4,878,330‌
1,305
Barry
Callebaut
AG.
2,108,844‌
40,983
DSM-Firmenich
AG.
4,596,427‌
6,059
(b)
Dufry
Group
229,132‌
4,565
Geberit
AG.
2,436,711‌
1,795
Givaudan
S.A.
7,676,800‌
18,222
Kuehne
&
Nagel
International
AG.
4,816,010‌
15,613
Lonza
Group
AG.
8,618,270‌
International
Responsible
Equity
Fund
April
30,
2024
100
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SWITZERLAND—continued
241,849
Novartis
AG.
$
23,473,254‌
30,719
SGS
S.A.
2,704,981‌
64,052
SIG
Group
AG.
1,279,973‌
30,187
Sika
AG.
8,587,036‌
11,732
Sonova
Holdings
AG
3,243,102‌
8,995
Swiss
Life
Holding
6,069,427‌
9,119
Swisscom
AG.
5,002,743‌
465,777
UBS
Group
AG
12,232,826‌
22,856
Zurich
Insurance
Group
AG
11,063,363‌
TOTAL
SWITZERLAND
121,289,648‌
UNITED
KINGDOM
-
13
.2
%
226,321
3i
Group
plc
8,085,870‌
565,519
Abrdn
plc
1,031,270‌
105,997
Ashtead
Group
plc
7,696,644‌
67,889
Associated
British
Foods
plc
2,246,968‌
184,542
AstraZeneca
plc
27,911,768‌
1,048,932
Aviva
plc
6,090,255‌
250,567
Barratt
Developments
plc
1,415,734‌
9,150
Berkeley
Group
Holdings
plc
537,339‌
3,754,424
BT
Group
plc
4,801,170‌
67,296
Burberry
Group
plc
962,914‌
85,082
(b)
Coca-Cola
Europacific
Partners
plc
6,127,606‌
322,274
Compass
Group
plc
8,963,635‌
31,651
Croda
International
plc
1,812,860‌
10,324
DCC
plc
705,033‌
2,439,568
HSBC
Holdings
plc
21,146,055‌
562,897
Informa
plc
5,572,617‌
44,058
InterContinental
Hotels
Group
plc
4,297,150‌
934,136
J
Sainsbury
plc
3,064,131‌
173,492
Kingfisher
plc
534,412‌
2,049,234
Legal
&
General
Group
plc
6,015,525‌
79,741
London
Stock
Exchange
Group
plc
8,790,654‌
701,366
National
Grid
plc
9,199,926‌
336,122
(b)
Ocado
Group
plc
1,471,617‌
148,566
Pearson
plc
1,802,675‌
51,070
Persimmon
plc
826,978‌
65,645
Reckitt
Benckiser
Group
plc
3,670,015‌
287,706
RELX
plc
11,820,940‌
290,000
Schroders
plc
1,271,384‌
237,334
Segro
plc
2,496,308‌
318,547
St.
James's
Place
plc
1,723,752‌
756,191
Standard
Chartered
plc
6,496,844‌
814,139
Taylor
Wimpey
plc
1,334,067‌
1,950,273
Tesco
plc
7,200,541‌
332,561
Unilever
plc
17,203,649‌
7,374,098
Vodafone
Group
plc
6,218,587‌
66,922
Whitbread
plc
2,637,582‌
596,402
WPP
plc
5,977,834‌
TOTAL
UNITED
KINGDOM
209,162,309‌
UNITED
STATES
-
4
.4
%
608,719
GSK
plc
12,629,039‌
71,177
(b)
James
Hardie
Industries
plc
2,446,920‌
300,907
Nestle
S.A.
30,211,110‌
73,150
Schneider
Electric
S.A.
16,679,179‌
66,182
Swiss
Re
AG.
7,194,338‌
TOTAL
UNITED
STATES
69,160,586‌
TOTAL
COMMON
STOCKS
1,553,769,391‌
(Cost
$1,352,149,509)
TOTAL
LONG-TERM
INVESTMENTS
1,553,769,391‌
(Cost
$1,352,149,509)
101
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
1.1%
REPURCHASE
AGREEMENT
-
1
.1
%
$
17,669,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
$
17,669,000‌
TOTAL
REPURCHASE
AGREEMENT
17,669,000‌
TOTAL
SHORT-TERM
INVESTMENTS
17,669,000‌
(Cost
$17,669,000)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.8%
13,178,935
(e)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(f)
13,178,935‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
13,178,935‌
(Cost
$13,178,935)
TOTAL
INVESTMENTS
-
100.1%
1,584,617,326‌
(Cost
$1,382,997,444)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
2,053,397‌
)
NET
ASSETS
-
100.0%
$
1,582,563,929‌
(a)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$27,363,990.
(b)
Non-income
producing
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$9,251,991
or
0.6%
of
Total
Investments.
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$17,671,606
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$18,022,544.
(e)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(f)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
MSCI
EAFE
Index
147‌
06/21/24
 $
17,103,571‌
$
16,666,125‌
$
(
437,446‌
)
Statement
of
Assets
and
Liabilities
See
Notes
to
Financial
Statements
102
April
30,
2024
(Unaudited)
2.1
Core
Equity
2.2
Large
Cap
Growth
2.3
Large
Cap
Value
ASSETS
Long-term
investments,
at
value
*†
$
6,076,437,396‌
$
5,875,996,773‌
$
5,749,411,540‌
Affiliated
investments,
at
value
–‌
–‌
–‌
Short-term
investments,
at
value
#
17,179,220‌
66,666,276‌
47,778,785‌
Investments
purchased
with
collateral
from
securities
lending,
at
value
(cost
approximates
value)
–‌
–‌
–‌
Cash
289‌
490‌
596‌
Cash
denominated
in
foreign
currencies
^
–‌
–‌
–‌
Receivables:
Dividends
3,882,536‌
916,658‌
2,818,676‌
Interest
2,436‌
7,634‌
5,209‌
Investments
sold
99‌
266,029‌
26,649,060‌
Reclaims
218,544‌
204,392‌
18,480‌
Reimbursement
from
Adviser
846,344‌
964,922‌
808,163‌
Shares
sold
3,259,326‌
31,788,692‌
11,637,878‌
Other
1,327,576‌
577,426‌
1,088,392‌
Total
assets
6,103,153,766‌
5,977,389,292‌
5,840,216,779‌
LIABILITIES
Due
to
affiliates
25,145‌
25,227‌
23,812‌
Cash
overdraft
–‌
–‌
–‌
Payables:
Management
fees
2,005,460‌
1,971,937‌
1,872,389‌
Collateral
from
securities
lending
–‌
–‌
–‌
Capital
gain
taxes
–‌
–‌
–‌
Investments
purchased
-
regular
settlement
1,542‌
20,647,790‌
27,906,120‌
Shares
redeemed
510,832‌
2,839,763‌
344,253‌
Service
agreement
fees
107,103‌
88,055‌
152,257‌
Variation
margin
on
futures
contracts
–‌
–‌
–‌
Accrued
expenses:
Custodian
fees
6,881‌
10,868‌
8,033‌
Professional
fees
22,366‌
21,936‌
22,226‌
Shareholder
reporting
expenses
20,512‌
34,828‌
27,437‌
Shareholder
servicing
agent
fees
133,610‌
134,600‌
17,949‌
Trustees
fees
1,132,540‌
603,290‌
1,108,259‌
12b-1
distribution
and
service
fees
351,729‌
280,656‌
38,880‌
Other
5,769‌
2,838‌
4,139‌
Total
liabilities
4,323,489‌
26,661,788‌
31,525,754‌
Net
assets
$
6,098,830,277‌
$
5,950,727,504‌
$
5,808,691,025‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
$
3,503,882,536‌
$
2,743,126,502‌
$
3,762,166,755‌
Total
distributable
earnings
(loss)
2,594,947,741‌
3,207,601,002‌
2,046,524,270‌
Net
assets
$
6,098,830,277‌
$
5,950,727,504‌
$
5,808,691,025‌
*
Includes
securities
loaned
of
$
–‌
$
–‌
$
–‌
Long-term
investments,
cost
$
3,788,182,272‌
$
2,811,585,755‌
$
3,757,416,835‌
Affiliated
investments,
cost
$
–‌
$
–‌
$
–‌
#
Short-term
investments,
cost
$
17,179,222‌
$
66,662,575‌
$
47,778,765‌
^
Cash
denominated
in
foreign
currencies,
cost
$
–‌
$
–‌
$
–‌
See
Notes
to
Financial
Statements
103
2.4
Mid
Cap
Growth
2.5
Mid
Cap
Value
2.6
Quant
Small
Cap
Equity
2.7
Quant
Small/Mid
Cap
Equity
2.8
Large
Cap
Responsible
Equity
2.9
Social
Choice
Low
Carbon
Equity
3.01
Emerging
Markets
Equity
$
1,006,447,786‌
$
1,685,476,427‌
$
2,968,489,956‌
$
1,265,809,965‌
$
6,017,987,817‌
$
1,141,013,942‌
$
1,589,301,157‌
–‌
–‌
–‌
–‌
–‌
–‌
74,302,821‌
8,032,000‌
2,856,000‌
57,302,708‌
3,439,000‌
11,985,396‌
7,944,066‌
58,687,265‌
25,458,044‌
9,851,216‌
16,633,420‌
343,876‌
298,759‌
1,640,439‌
758,306‌
132‌
1,833,595‌
798‌
376‌
–‌
740‌
–‌
97,124‌
–‌
–‌
–‌
–‌
–‌
651,250‌
340,864‌
684,519‌
797,574‌
299,945‌
4,530,613‌
910,958‌
1,822,938‌
1,185‌
421‌
3,676‌
507‌
–‌
803‌
1,934‌
1,028,851‌
–‌
9,944,444‌
–‌
13,856,496‌
1,489,225‌
2,725,319‌
–‌
–‌
–‌
–‌
–‌
–‌
157‌
14,410‌
29,955‌
178,338‌
238,208‌
52,006‌
30,829‌
1,104,217‌
45,438‌
66,195‌
2,659,240‌
584,768‌
400,030‌
11,346‌
19,455‌
496,012‌
981,100‌
627,752‌
35,608‌
687,470‌
21,553‌
164,421‌
1,041,961,846‌
1,701,779,428‌
3,056,637,906‌
1,270,752,253‌
6,049,798,587‌
1,153,063,901‌
1,729,539,240‌
13,964‌
15,300‌
19,432‌
16,176‌
23,888‌
14,370‌
17,259‌
–‌
–‌
–‌
–‌
1,356,773‌
–‌
532,063‌
393,268‌
625,578‌
1,002,895‌
456,012‌
759,562‌
241,041‌
1,176,825‌
25,458,044‌
9,851,216‌
16,633,420‌
343,876‌
298,759‌
1,640,439‌
758,306‌
–‌
–‌
–‌
–‌
–‌
–‌
8,190,658‌
19,890,788‌
–‌
10,018,409‌
–‌
2,486,763‌
–‌
8,091,850‌
228,928‌
786,738‌
70,667‌
1,497,541‌
3,334,453‌
1,024,213‌
12,707,886‌
56,880‌
86,462‌
93,378‌
104,769‌
174,787‌
126,776‌
12,781‌
–‌
–‌
962,254‌
–‌
336,000‌
136,000‌
–‌
4,183‌
3,292‌
5,335‌
5,536‌
9,129‌
4,057‌
35,995‌
20,157‌
20,960‌
17,802‌
19,520‌
19,921‌
17,592‌
26,260‌
5,364‌
8,209‌
8,974‌
4,349‌
42,035‌
7,504‌
4,432‌
25,445‌
26,857‌
17,694‌
5,283‌
37,116‌
5,659‌
1,992‌
444,186‌
987,834‌
634,151‌
38,489‌
713,898‌
25,362‌
167,284‌
39,548‌
44,600‌
34,685‌
4,835‌
139,272‌
14,683‌
2,108‌
4,507‌
4,953‌
5,871‌
4,229‌
446,145‌
87,164‌
12,360‌
46,585,262‌
12,461,999‌
29,524,967‌
2,500,615‌
10,178,501‌
3,344,860‌
31,738,059‌
$
995,376,584‌
$
1,689,317,429‌
$
3,027,112,939‌
$
1,268,251,638‌
$
6,039,620,086‌
$
1,149,719,041‌
$
1,697,801,181‌
$
960,397,843‌
$
1,389,262,952‌
$
2,428,909,397‌
$
961,437,772‌
$
3,282,008,425‌
$
862,264,014‌
$
2,064,765,573‌
34,978,741‌
300,054,477‌
598,203,542‌
306,813,866‌
2,757,611,661‌
287,455,027‌
(
366,964,392‌
)
$
995,376,584‌
$
1,689,317,429‌
$
3,027,112,939‌
$
1,268,251,638‌
$
6,039,620,086‌
$
1,149,719,041‌
$
1,697,801,181‌
$
31,584,284‌
$
9,200,192‌
$
32,577,182‌
$
3,630,163‌
$
287,890‌
$
2,229,566‌
$
7,080,237‌
$
826,541,354‌
$
1,401,958,678‌
$
2,449,891,485‌
$
1,014,127,224‌
$
3,849,013,407‌
$
870,439,219‌
$
1,499,676,201‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
36,801,789‌
$
8,032,000‌
$
2,856,000‌
$
57,302,549‌
$
3,439,000‌
$
11,985,368‌
$
7,944,075‌
$
58,692,592‌
$
97,326‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
651,480‌
Statement
of
Assets
and
Liabilities
(continued)
See
Notes
to
Financial
Statements
104
(continued)
(continued)
Statement
of
Assets
and
Liabilities
(continued)
April
30,
2024
(Unaudited)
2.1
Core
Equity
2.2
Large
Cap
Growth
2.3
Large
Cap
Value
CLASS
A:
Net
assets
$
1,679,461,330‌
$
1,321,407,975‌
$
156,067,660‌
Shares
outstanding
68,892,854‌
53,129,450‌
7,862,384‌
Net
asset
value
per
share
$
24
.38‌
$
24
.87‌
$
19
.85‌
CLASS
I:
Net
assets
$
5,008,260‌
$
5,180,058‌
$
676,738‌
Shares
outstanding
347,953‌
207,149‌
32,045‌
Net
asset
value
per
share
$
14
.39‌
$
25
.01‌
$
21
.12‌
PREMIER
CLASS:
Net
assets
$
8,285,551‌
$
8,356,009‌
$
53,774,771‌
Shares
outstanding
574,451‌
333,933‌
2,547,589‌
Net
asset
value
per
share
$
14
.42‌
$
25
.02‌
$
21
.11‌
CLASS
R6:
Net
assets
$
1,681,431,182‌
$
1,605,453,654‌
$
2,643,689,194‌
Shares
outstanding
116,956,095‌
64,143,342‌
125,044,818‌
Net
asset
value
per
share
$
14
.38‌
$
25
.03‌
$
21
.14‌
RETIREMENT
CLASS:
Net
assets
$
508,736,645‌
$
409,487,890‌
$
757,588,305‌
Shares
outstanding
34,146,271‌
16,553,585‌
36,001,649‌
Net
asset
value
per
share
$
14
.90‌
$
24
.74‌
$
21
.04‌
CLASS
W:
Net
assets
$
2,215,907,309‌
$
2,600,841,918‌
$
2,196,894,357‌
Shares
outstanding
154,277,953‌
103,860,275‌
103,867,231‌
Net
asset
value
per
share
$
14
.36‌
$
25
.04‌
$
21
.15‌
Authorized
shares
-
per
class
Unlimited
Unlimited
Unlimited
Par
value
per
share
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
See
Notes
to
Financial
Statements
105
2.4
Mid
Cap
Growth
2.5
Mid
Cap
Value
2.6
Quant
Small
Cap
Equity
2.7
Quant
Small/Mid
Cap
Equity
2.8
Large
Cap
Responsible
Equity
2.9
Social
Choice
Low
Carbon
Equity
3.01
Emerging
Markets
Equity
$
176,603,632‌
$
193,269,017‌
$
139,153,690‌
$
22,952,156‌
$
641,810,134‌
$
67,208,408‌
$
7,035,006‌
9,377,991‌
11,924,975‌
8,370,224‌
1,616,618‌
27,901,021‌
3,239,128‌
886,193‌
$
18
.83‌
$
16
.21‌
$
16
.62‌
$
14
.20‌
$
23
.00‌
$
20
.75‌
$
7
.94‌
$
175,841‌
$
307,953‌
$
869,933‌
$
62,897,244‌
$
33,379,399‌
$
4,919,465‌
$
110,529‌
8,858‌
18,093‌
49,279‌
4,387,229‌
1,242,213‌
236,177‌
13,867‌
$
19
.85‌
$
17
.02‌
$
17
.65‌
$
14
.34‌
$
26
.87‌
$
20
.83‌
$
7
.97‌
$
15,748,252‌
$
34,375,130‌
$
44,535,403‌
$
144,275‌
$
42,063,139‌
$
5,192,649‌
$
5,354,246‌
797,970‌
2,020,306‌
2,542,177‌
10,000‌
1,569,413‌
248,625‌
671,050‌
$
19
.74‌
$
17
.01‌
$
17
.52‌
$
14
.43‌
$
26
.80‌
$
20
.89‌
$
7
.98‌
$
536,299,244‌
$
1,048,866,649‌
$
1,881,727,833‌
$
112,518,716‌
$
4,536,425,385‌
$
478,562,997‌
$
206,475,473‌
26,853,992‌
61,538,932‌
106,562,883‌
7,859,859‌
168,614,051‌
22,951,754‌
25,917,581‌
$
19
.97‌
$
17
.04‌
$
17
.66‌
$
14
.32‌
$
26
.90‌
$
20
.85‌
$
7
.97‌
$
266,549,615‌
$
412,498,680‌
$
450,337,767‌
$
453,839,758‌
$
785,942,029‌
$
593,835,522‌
$
60,245,693‌
14,095,614‌
24,440,160‌
26,591,167‌
31,947,049‌
28,633,827‌
28,645,197‌
7,602,115‌
$
18
.91‌
$
16
.88‌
$
16
.94‌
$
14
.21‌
$
27
.45‌
$
20
.73‌
$
7
.92‌
$
–‌
$
–‌
$
510,488,313‌
$
615,899,489‌
$
–‌
$
–‌
$
1,418,580,234‌
–‌
–‌
28,934,135‌
42,936,238‌
–‌
–‌
177,374,966‌
$
–‌
$
–‌
$
17
.64‌
$
14
.34‌
$
–‌
$
–‌
$
8
.00‌
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
Statement
of
Assets
and
Liabilities
(continued)
See
Notes
to
Financial
Statements
106
(continued)
Statement
of
Assets
and
Liabilities
(continued)
April
30,
2024
(Unaudited)
3.1
International
Equity
3.2
International
Opportunities
3.3
Quant
International
Small
Cap
Equity
ASSETS
Long-term
investments,
at
value
*†
$
6,755,906,972‌
$
2,369,481,110‌
$
1,229,225,260‌
Short-term
investments,
at
value
#
59,699,000‌
49,619,135‌
916,000‌
Investments
purchased
with
collateral
from
securities
lending,
at
value
(cost
approximates
value)
–‌
41,522,946‌
4,541,035‌
Cash
–‌
–‌
–‌
Cash
denominated
in
foreign
currencies
^
402,556‌
545,641‌
1,817,963‌
Cash
collateral
at
brokers
for
investments
in
futures
contracts
–‌
–‌
–‌
Receivables:
Dividends
25,285,327‌
6,822,655‌
6,463,496‌
Interest
8,813‌
3,277‌
135‌
Investments
sold
95,200,596‌
2,506,979‌
18,318,933‌
Reclaims
17,460,190‌
4,256,675‌
1,452,109‌
Reimbursement
from
Adviser
1,472,102‌
1,114,058‌
695,372‌
Shares
sold
644,677‌
124,016‌
840‌
Other
1,903,212‌
211,381‌
62,588‌
Total
assets
6,957,983,445‌
2,476,207,873‌
1,263,493,731‌
LIABILITIES
Due
to
affiliates
27,186‌
18,688‌
16,306‌
Cash
overdraft
318,416‌
16‌
65‌
Payables:
Management
fees
2,522,972‌
1,170,500‌
660,704‌
Collateral
from
securities
lending
–‌
41,522,946‌
4,541,035‌
Capital
gain
taxes
1,363,680‌
854,256‌
3,099,136‌
Investments
purchased
-
regular
settlement
106,351,840‌
–‌
11,926,025‌
Investments
purchased
-
when-issued/delayed-delivery
settlement
–‌
–‌
1,408‌
Shares
redeemed
19,417,369‌
5,753,634‌
7,662,158‌
Service
agreement
fees
68,698‌
25,436‌
1,602‌
Variation
margin
on
futures
contracts
–‌
–‌
–‌
Accrued
expenses:
Custodian
fees
45,727‌
24,202‌
110,290‌
Professional
fees
26,514‌
23,500‌
24,472‌
Shareholder
reporting
expenses
59,610‌
8,354‌
2,849‌
Shareholder
servicing
agent
fees
53,855‌
5,344‌
278‌
Trustees
fees
1,420,944‌
143,582‌
44,861‌
12b-1
distribution
and
service
fees
56,910‌
8,017‌
220‌
Other
495,993‌
9,002‌
124,379‌
Total
liabilities
132,229,714‌
49,567,477‌
28,215,788‌
Net
assets
$
6,825,753,731‌
$
2,426,640,396‌
$
1,235,277,943‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
$
5,457,806,541‌
$
2,570,379,865‌
$
1,255,259,608‌
Total
distributable
earnings
(loss)
1,367,947,190‌
(
143,739,469‌
)
(
19,981,665‌
)
Net
assets
$
6,825,753,731‌
$
2,426,640,396‌
$
1,235,277,943‌
*
Includes
securities
loaned
of
$
–‌
$
58,359,663‌
$
35,489,404‌
Long-term
investments,
cost
$
4,919,488,340‌
$
1,772,137,701‌
$
1,132,192,323‌
#
Short-term
investments,
cost
$
59,699,000‌
$
49,620,460‌
$
916,000‌
^
Cash
denominated
in
foreign
currencies,
cost
$
404,517‌
$
548,146‌
$
1,819,154‌
See
Notes
to
Financial
Statements
107
3.4
International
Responsible
Equity
$
1,553,769,391‌
17,669,000‌
13,178,935‌
68‌
657,954‌
535,257‌
7,430,707‌
2,606‌
162‌
3,427,684‌
–‌
666,989‌
62,587‌
1,597,401,340‌
15,008‌
–‌
388,013‌
13,178,935‌
–‌
–‌
–‌
669,876‌
149,100‌
229,320‌
17,634‌
23,981‌
15,731‌
2,209‌
28,143‌
6,786‌
112,675‌
14,837,411‌
$
1,582,563,929‌
$
1,379,565,632‌
202,998,297‌
$
1,582,563,929‌
$
27,363,990‌
$
1,352,149,509‌
$
17,669,000‌
$
661,493‌
Statement
of
Assets
and
Liabilities
(continued)
See
Notes
to
Financial
Statements
108
(continued)
Statement
of
Assets
and
Liabilities
(continued)
April
30,
2024
(Unaudited)
3.1
International
Equity
3.2
International
Opportunities
3.3
Quant
International
Small
Cap
Equity
CLASS
A:
Net
assets
$
240,576,814‌
$
36,069,600‌
$
1,018,844‌
Shares
outstanding
29,763,995‌
2,444,058‌
96,098‌
Net
asset
value
per
share
$
8
.08‌
$
14
.76‌
$
10
.60‌
CLASS
I:
Net
assets
$
2,353,695‌
$
32,012,269‌
$
97,001‌
Shares
outstanding
169,108‌
2,167,890‌
9,175‌
Net
asset
value
per
share
$
13
.92‌
$
14
.77‌
$
10
.57‌
PREMIER
CLASS:
Net
assets
$
55,919,329‌
$
2,882,519‌
$
78,658‌
Shares
outstanding
4,119,348‌
194,570‌
7,327‌
Net
asset
value
per
share
$
13
.57‌
$
14
.81‌
$
10
.74‌
CLASS
R6:
Net
assets
$
2,626,687,189‌
$
141,615,249‌
$
71,592,781‌
Shares
outstanding
193,291,429‌
9,576,784‌
6,766,297‌
Net
asset
value
per
share
$
13
.59‌
$
14
.79‌
$
10
.58‌
RETIREMENT
CLASS:
Net
assets
$
327,442,840‌
$
83,876,608‌
$
7,660,438‌
Shares
outstanding
23,078,829‌
5,694,857‌
724,796‌
Net
asset
value
per
share
$
14
.19‌
$
14
.73‌
$
10
.57‌
CLASS
W:
Net
assets
$
3,572,773,864‌
$
2,130,184,151‌
$
1,154,830,221‌
Shares
outstanding
261,786,749‌
143,575,880‌
108,744,206‌
Net
asset
value
per
share
$
13
.65‌
$
14
.84‌
$
10
.62‌
Authorized
shares
-
per
class
Unlimited
Unlimited
Unlimited
Par
value
per
share
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
See
Notes
to
Financial
Statements
109
3.4
International
Responsible
Equity
$
32,607,373‌
2,504,197‌
$
13
.02‌
$
14,344,487‌
1,098,938‌
$
13
.05‌
$
649,403‌
49,612‌
$
13
.09‌
$
834,000,332‌
63,819,762‌
$
13
.07‌
$
700,962,334‌
53,878,555‌
$
13
.01‌
$
–‌
–‌
$
–‌
Unlimited
$
0
.0001‌
Statement
of
Operations
See
Notes
to
Financial
Statements
110
Six
Months
Ended
April
30,
2024
(Unaudited)
2.1
Core
Equity
2.2
Large
Cap
Growth
2.3
Large
Cap
Value
INVESTMENT
INCOME
Dividends
from
unaffiliated
investments
$
42,002,175‌
$
20,834,632‌
$
54,221,202‌
Dividends
from
affiliated
investments
–‌
–‌
–‌
Interest
490,917‌
564,261‌
1,566,849‌
Securities
lending
income,
net
–‌
2,312‌
2,019‌
Other
income
222,145‌
440,475‌
327,661‌
Tax
withheld
–‌
(
223,468‌
)
(
65,625‌
)
Total
investment
income
42,715,237‌
21,618,212‌
56,052,106‌
EXPENSES
Management
fees
11,648,750‌
11,662,177‌
10,521,611‌
12b-1
distribution
and
service
fees
Class
A
1,997,279‌
1,616,439‌
189,066‌
12b-1
distribution
and
service
fees
Premier
Class
5,437‌
6,663‌
33,801‌
Shareholder
servicing
agent
fees
Class
A
252,498‌
236,955‌
36,293‌
Shareholder
servicing
agent
fees
Class
I
2,013‌
2,125‌
296‌
Shareholder
servicing
agent
fees
Premier
Class
62‌
52‌
39‌
Shareholder
servicing
agent
fees
Class
R6
870‌
1,551‌
911‌
Shareholder
servicing
agent
fees
Retirement
Class
601,836‌
501,724‌
777,855‌
Shareholder
servicing
agent
fees
Class
W
713‌
827‌
814‌
Administrative
service
fees
69,594‌
69,851‌
65,990‌
Trustees
fees
43,495‌
43,361‌
37,946‌
Custodian
expenses
21,083‌
32,942‌
49,925‌
Overdraft
expense
2,556‌
25,772‌
569‌
Professional
fees
32,058‌
28,994‌
28,608‌
Registration
fees
38,564‌
59,199‌
34,637‌
Shareholder
reporting
expenses
89,311‌
114,844‌
95,217‌
Other
45,429‌
48,568‌
41,900‌
Total
expenses
14,851,548‌
14,452,044‌
11,915,478‌
Expenses
reimbursed
by
the
investment
adviser
(
4,427,600‌
)
(
5,320,630‌
)
(
4,479,598‌
)
Fee
waiver
by
investment
adviser
and
Nuveen
Securities
(
147,285‌
)
–‌
–‌
Net
expenses
10,276,663‌
9,131,414‌
7,435,880‌
Net
investment
income
(loss)
32,438,574‌
12,486,798‌
48,616,226‌
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
Realized
gain
(loss):
Investments
*
319,702,575‌
211,253,787‌
45,968,891‌
Futures
contracts
–‌
–‌
–‌
Foreign
currency
transactions
12,448‌
(
18,415‌
)
1,932‌
Net
realized
gain
(loss)
319,715,023‌
211,235,372‌
45,970,823‌
Change
in
unrealized
appreciation
(depreciation)
on:
Investments
932,121,119‌
985,238,824‌
811,710,356‌
Affiliated
investments
–‌
–‌
–‌
Futures
contracts
–‌
–‌
–‌
Foreign
currency
translations
15,338‌
14,173‌
158‌
Net
change
in
unrealized
appreciation
(depreciation)
932,136,457‌
985,252,997‌
811,710,514‌
Net
realized
and
unrealized
gain
(loss)
1,251,851,480‌
1,196,488,369‌
857,681,337‌
Net
increase
(decrease)
in
net
assets
from
operations
$
1,284,290,054‌
$
1,208,975,167‌
$
906,297,563‌
*  
Net
of
foreign
capital
gains
tax
$
–‌
$
–‌
$
–‌
Net
of
change
in
unrealized
foreign
capital
gains
taxes
$
–‌
$
–‌
$
–‌
See
Notes
to
Financial
Statements
111
2.4
Mid
Cap
Growth
2.5
Mid
Cap
Value
2.6
Quant
Small
Cap
Equity
2.7
Quant
Small/Mid
Cap
Equity
2.8
Large
Cap
Responsible
Equity
2.9
Social
Choice
Low
Carbon
Equity
3.01
Emerging
Markets
Equity
$
4,120,391‌
$
15,966,471‌
$
16,290,986‌
$
7,858,818‌
$
44,278,404‌
$
8,403,491‌
$
17,057,524‌
–‌
–‌
–‌
–‌
–‌
–‌
689,266‌
108,963‌
199,747‌
1,648,534‌
103,318‌
914,228‌
323,303‌
1,406,299‌
244,428‌
10,891‌
43,705‌
36,065‌
737,759‌
23,011‌
31,699‌
78,673‌
135,636‌
–‌
–‌
–‌
–‌
164,917‌
(
128,015‌
)
(
57,241‌
)
(
49,148‌
)
(
15,307‌
)
(
28,580‌
)
–‌
(
1,468,664‌
)
4,424,440‌
16,255,504‌
17,934,077‌
7,982,894‌
45,901,811‌
8,749,805‌
17,881,041‌
2,374,990‌
3,722,019‌
5,798,287‌
2,615,030‌
4,556,146‌
1,487,789‌
6,956,701‌
224,592‌
238,101‌
171,302‌
28,421‌
790,283‌
82,876‌
8,806‌
12,349‌
25,251‌
30,442‌
104‌
32,182‌
4,011‌
3,773‌
47,517‌
51,413‌
34,320‌
7,443‌
72,552‌
11,699‌
3,894‌
90‌
225‌
349‌
29,014‌
19,899‌
2,438‌
39‌
49‌
42‌
33‌
15‌
576‌
34‌
32‌
747‌
642‌
1,242‌
3,540‌
4,360‌
396‌
232‌
346,072‌
518,892‌
520,529‌
506,709‌
1,001,047‌
787,294‌
79,921‌
–‌
–‌
209‌
238‌
–‌
–‌
599‌
38,429‌
42,068‌
53,699‌
44,679‌
65,713‌
39,581‌
47,467‌
7,993‌
13,046‌
20,977‌
8,800‌
46,579‌
9,479‌
12,860‌
16,039‌
10,354‌
15,199‌
12,232‌
28,686‌
12,848‌
368,189‌
12,352‌
2,945‌
141‌
11,691‌
2,418‌
–‌
12,143‌
21,066‌
22,377‌
20,402‌
20,670‌
27,448‌
18,931‌
27,893‌
30,362‌
28,775‌
28,576‌
25,393‌
40,106‌
26,739‌
24,995‌
24,011‌
40,857‌
51,197‌
25,897‌
145,168‌
31,048‌
30,534‌
23,952‌
26,037‌
31,740‌
24,571‌
(
40,547‌
)
7,925‌
30,049‌
3,180,610‌
4,743,044‌
6,778,644‌
3,364,447‌
6,792,616‌
2,523,088‌
7,608,127‌
–‌
–‌
(
1,074,070‌
)
(
1,439,192‌
)
–‌
(
106,841‌
)
(
6,194,171‌
)
–‌
(
42,055‌
)
–‌
–‌
(
311,663‌
)
–‌
–‌
3,180,610‌
4,700,989‌
5,704,574‌
1,925,255‌
6,480,953‌
2,416,247‌
1,413,956‌
1,243,830‌
11,554,515‌
12,229,503‌
6,057,639‌
39,420,858‌
6,333,558‌
16,467,085‌
5,548,242‌
91,528,076‌
80,697,174‌
61,526,470‌
600,855,159‌
26,996,688‌
(
13,569,534‌
)
–‌
–‌
5,779,279‌
–‌
5,259,370‌
2,133,213‌
–‌
(
3,135‌
)
2,351‌
85,351‌
73‌
22,642‌
23,858‌
(
612,972‌
)
5,545,107‌
91,530,427‌
86,561,804‌
61,526,543‌
606,137,171‌
29,153,759‌
(
14,182,506‌
)
175,910,611‌
200,761,007‌
425,174,477‌
170,643,733‌
478,012,352‌
185,473,887‌
189,986,944‌
–‌
–‌
–‌
–‌
–‌
–‌
12,131,073‌
–‌
–‌
(
348,537‌
)
–‌
(
306,352‌
)
(
30,512‌
)
–‌
5,539‌
206‌
–‌
–‌
–‌
–‌
4,791‌
175,916,150‌
200,761,213‌
424,825,940‌
170,643,733‌
477,706,000‌
185,443,375‌
202,122,808‌
181,461,257‌
292,291,640‌
511,387,744‌
232,170,276‌
1,083,843,171‌
214,597,134‌
187,940,302‌
$
182,705,087‌
$
303,846,155‌
$
523,617,247‌
$
238,227,915‌
$
1,123,264,029‌
$
220,930,692‌
$
204,407,387‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
654,274‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
–‌
$
(
5,583,046‌
)
Statement
of
Operations
(continued)
See
Notes
to
Financial
Statements
112
(continued)
(continued)
Statement
of
Operations
(continued)
Six
Months
Ended
April
30,
2024
(Unaudited)
3.1
International
Equity
3.2
International
Opportunities
3.3
Quant
International
Small
Cap
Equity
INVESTMENT
INCOME
Dividends
$
117,776,919‌
$
27,427,906‌
$
18,000,526‌
Interest
475,170‌
782,131‌
13,082‌
Securities
lending
income,
net
91,842‌
243,840‌
123,621‌
Other
income
501,131‌
189,982‌
–‌
Tax
withheld
(
4,853,477‌
)
(
3,185,358‌
)
(
1,881,406‌
)
Total
investment
income
113,991,585‌
25,458,501‌
16,255,823‌
EXPENSES
Management
fees
14,919,506‌
6,964,623‌
3,879,021‌
12b-1
distribution
and
service
fees
Class
A
293,606‌
47,189‌
1,192‌
12b-1
distribution
and
service
fees
Premier
Class
39,396‌
2,090‌
57‌
Shareholder
servicing
agent
fees
Class
A
93,581‌
7,734‌
668‌
Shareholder
servicing
agent
fees
Class
I
1,245‌
14,738‌
26‌
Shareholder
servicing
agent
fees
Premier
Class
38‌
44‌
23‌
Shareholder
servicing
agent
fees
Class
R6
1,043‌
190‌
108‌
Shareholder
servicing
agent
fees
Retirement
Class
408,348‌
109,533‌
9,778‌
Shareholder
servicing
agent
fees
Class
W
1,050‌
794‌
527‌
Administrative
service
fees
74,703‌
51,416‌
44,915‌
Trustees
fees
51,727‌
18,372‌
9,206‌
Custodian
expenses
151,508‌
81,277‌
339,897‌
Overdraft
expense
34,138‌
37,281‌
54,989‌
Professional
fees
32,915‌
25,359‌
26,930‌
Registration
fees
38,499‌
58,350‌
24,669‌
Shareholder
reporting
expenses
187,459‌
44,060‌
22,070‌
Other
83,807‌
55,563‌
103,008‌
Total
expenses
16,412,569‌
7,518,613‌
4,517,084‌
Expenses
reimbursed
by
the
investment
adviser
(
8,066,725‌
)
(
6,367,531‌
)
(
4,150,682‌
)
Net
expenses
8,345,844‌
1,151,082‌
366,402‌
Net
investment
income
(loss)
105,645,741‌
24,307,419‌
15,889,421‌
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
Realized
gain
(loss):
Investments
*
(
65,588,968‌
)
8,623,294‌
62,417,687‌
Futures
contracts
–‌
–‌
–‌
Foreign
currency
transactions
(
186,026‌
)
(
163,393‌
)
(
195,238‌
)
Net
realized
gain
(loss)
(
65,774,994‌
)
8,459,901‌
62,222,449‌
Change
in
unrealized
appreciation
(depreciation)
on:
Investments
995,874,528‌
333,987,214‌
138,542,204‌
Futures
contracts
–‌
–‌
–‌
Foreign
currency
translations
(
178,862‌
)
(
61,754‌
)
(
121,362‌
)
Net
change
in
unrealized
appreciation
(depreciation)
995,695,666‌
333,925,460‌
138,420,842‌
Net
realized
and
unrealized
gain
(loss)
929,920,672‌
342,385,361‌
200,643,291‌
Net
increase
(decrease)
in
net
assets
from
operations
$
1,035,566,413‌
$
366,692,780‌
$
216,532,712‌
*  
Net
of
foreign
capital
gains
tax
$
15,828‌
$
(
5,957‌
)
$
3,449,404‌
Net
of
change
in
unrealized
foreign
capital
gains
taxes
$
(
1,363,680‌
)
$
(
853,424‌
)
$
(
918,199‌
)
See
Notes
to
Financial
Statements
113
3.4
International
Responsible
Equity
$
25,451,454‌
377,146‌
106,618‌
–‌
(
2,285,031‌
)
23,650,187‌
2,301,396‌
39,355‌
542‌
4,356‌
6,503‌
33‌
984‌
878,800‌
–‌
41,272‌
11,649‌
53,592‌
32,330‌
25,128‌
27,126‌
52,420‌
95,409‌
3,570,895‌
–‌
3,570,895‌
20,079,292‌
16,036,391‌
2,216,195‌
(
34,430‌
)
18,218,156‌
186,735,312‌
(
214,537‌
)
(
110,566‌
)
186,410,209‌
204,628,365‌
$
224,707,657‌
$
–‌
$
–‌
Statement
of
Changes
in
Net
Assets
See
Notes
to
Financial
Statements
114
2.1
Core
Equity
2.2
Large
Cap
Growth
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
32,438,574‌
$
62,241,751‌
$
12,486,798‌
$
24,669,757‌
Net
realized
gain
(loss)
319,715,023‌
1,125,593,787‌
211,235,372‌
17,637,893‌
Net
change
in
unrealized
appreciation
(depreciation)
932,136,457‌
(
427,787,463‌
)
985,252,997‌
980,591,499‌
Net
increase
(decrease)
in
net
assets
from
operations
1,284,290,054‌
760,048,075‌
1,208,975,167‌
1,022,899,149‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
–‌
–‌
Dividends:
Class
A
(
190,116,798‌
)
(
69,931,420‌
)
–‌
(
1,525,896‌
)
Class
I
(
810,191‌
)
(
259,463‌
)
(
6,245‌
)
(
11,731‌
)
Premier
Class
(
1,254,630‌
)
(
708,624‌
)
(
1,605‌
)
(
27,184‌
)
Class
R6
(
298,797,103‌
)
(
115,711,297‌
)
(
3,464,317‌
)
(
4,801,785‌
)
Retirement
Class
(
86,450,380‌
)
(
32,528,001‌
)
(
60,378‌
)
(
301,835‌
)
Class
W
(
427,241,667‌
)
(
173,721,425‌
)
(
15,194,214‌
)
(
17,679,144‌
)
Total
distributions
(
1,004,670,769‌
)
(
392,860,230‌
)
(
18,726,759‌
)
(
24,347,575‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
166,166,098‌
313,453,630‌
261,610,530‌
488,159,221‌
Reinvestments
of
distributions
972,746,267‌
348,420,136‌
18,633,165‌
24,106,167‌
Redemptions
(
497,926,029‌
)
(
968,718,037‌
)
(
638,913,799‌
)
(
1,088,674,995‌
)
Net
increase
(decrease)
from
Fund
share
transactions
640,986,336‌
(
306,844,271‌
)
(
358,670,104‌
)
(
576,409,607‌
)
Net
increase
(decrease)
in
net
assets
920,605,621‌
60,343,574‌
831,578,304‌
422,141,967‌
Net
assets
at
the
beginning
of
period
5,178,224,656‌
5,117,881,082‌
5,119,149,200‌
4,697,007,233‌
Net
assets
at
the
end
of
period
$
6,098,830,277‌
$
5,178,224,656‌
$
5,950,727,504‌
$
5,119,149,200‌
See
Notes
to
Financial
Statements
115
2.3
Large
Cap
Value
2.4
Mid
Cap
Growth
2.5
Mid
Cap
Value
2.6
Quant
Small
Cap
Equity
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
$
48,616,226‌
$
91,633,160‌
$
1,243,830‌
$
917,248‌
$
11,554,515‌
$
26,912,215‌
$
12,229,503‌
$
29,010,440‌
45,970,823‌
344,337,147‌
5,545,107‌
(
52,312,414‌
)
91,530,427‌
(
74,073,832‌
)
86,561,804‌
31,431,780‌
811,710,514‌
(
254,993,253‌
)
175,916,150‌
66,903,491‌
200,761,213‌
(
29,602,108‌
)
424,825,940‌
(
187,426,272‌
)
906,297,563‌
180,977,054‌
182,705,087‌
15,508,325‌
303,846,155‌
(
76,763,725‌
)
523,617,247‌
(
126,984,052‌
)
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
(
12,355,241‌
)
(
8,657,858‌
)
–‌
(
625,909‌
)
(
2,755,294‌
)
(
26,915,843‌
)
(
2,671,939‌
)
(
7,625,678‌
)
(
51,879‌
)
(
29,112‌
)
(
201‌
)
(
1,544‌
)
(
6,682‌
)
(
61,798‌
)
(
18,516‌
)
(
58,474‌
)
(
3,235,367‌
)
(
3,922,892‌
)
–‌
(
114,180‌
)
(
496,870‌
)
(
7,189,571‌
)
(
759,812‌
)
(
3,508,417‌
)
(
170,542,963‌
)
(
105,967,541‌
)
(
1,033,192‌
)
(
3,369,527‌
)
(
17,175,894‌
)
(
143,108,775‌
)
(
36,802,600‌
)
(
90,772,292‌
)
(
43,412,797‌
)
(
27,086,910‌
)
–‌
(
915,705‌
)
(
5,890,324‌
)
(
60,994,791‌
)
(
7,831,860‌
)
(
21,284,570‌
)
(
182,818,866‌
)
(
138,905,275‌
)
–‌
–‌
–‌
–‌
(
13,251,364‌
)
(
35,742,229‌
)
(
412,417,113‌
)
(
284,569,588‌
)
(
1,033,393‌
)
(
5,026,865‌
)
(
26,325,064‌
)
(
238,270,778‌
)
(
61,336,091‌
)
(
158,991,660‌
)
760,076,061‌
509,118,002‌
9,983,412‌
27,835,391‌
22,933,063‌
64,467,104‌
231,526,491‌
293,055,637‌
410,535,104‌
281,678,333‌
1,033,200‌
5,007,340‌
26,210,251‌
237,163,754‌
61,220,061‌
158,663,474‌
(
368,436,813‌
)
(
1,096,613,944‌
)
(
97,763,806‌
)
(
225,358,384‌
)
(
151,685,949‌
)
(
280,952,980‌
)
(
141,254,009‌
)
(
485,358,152‌
)
802,174,352‌
(
305,817,609‌
)
(
86,747,194‌
)
(
192,515,653‌
)
(
102,542,635‌
)
20,677,878‌
151,492,543‌
(
33,639,041‌
)
1,296,054,802‌
(
409,410,143‌
)
94,924,500‌
(
182,034,193‌
)
174,978,456‌
(
294,356,625‌
)
613,773,699‌
(
319,614,753‌
)
4,512,636,223‌
4,922,046,366‌
900,452,084‌
1,082,486,277‌
1,514,338,973‌
1,808,695,598‌
2,413,339,240‌
2,732,953,993‌
$
5,808,691,025‌
$
4,512,636,223‌
$
995,376,584‌
$
900,452,084‌
$
1,689,317,429‌
$
1,514,338,973‌
$
3,027,112,939‌
$
2,413,339,240‌
Statement
of
Changes
in
Net
Assets
(continued)
See
Notes
to
Financial
Statements
116
(continued)
(continued)
(continued)
Statement
of
Changes
in
Net
Assets
(continued)
2.7
Quant
Small/Mid
Cap
Equity
2.8
Large
Cap
Responsible
Equity
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
6,057,639‌
$
13,154,416‌
$
39,420,858‌
$
91,825,076‌
Net
realized
gain
(loss)
61,526,543‌
18,629,974‌
606,137,171‌
245,639,371‌
Net
change
in
unrealized
appreciation
(depreciation)
170,643,733‌
(
35,661,137‌
)
477,706,000‌
39,179,374‌
Net
increase
(decrease)
in
net
assets
from
operations
238,227,915‌
(
3,876,747‌
)
1,123,264,029‌
376,643,821‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
–‌
–‌
Dividends:
Class
A
(
498,254‌
)
(
1,234,085‌
)
(
37,955,578‌
)
(
29,561,934‌
)
Class
I
(
952,120‌
)
(
1,172,125‌
)
(
2,616,609‌
)
(
2,037,412‌
)
Premier
Class
(
3,265‌
)
(
8,980‌
)
(
2,231,223‌
)
(
3,186,415‌
)
Class
R6
(
2,252,863‌
)
(
4,768,950‌
)
(
247,051,985‌
)
(
207,971,144‌
)
Retirement
Class
(
8,753,062‌
)
(
19,327,406‌
)
(
40,974,140‌
)
(
34,961,840‌
)
Class
W
(
18,751,724‌
)
(
60,331,732‌
)
–‌
–‌
Total
distributions
(
31,211,288‌
)
(
86,843,278‌
)
(
330,829,535‌
)
(
277,718,745‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
147,346,544‌
185,561,492‌
190,868,421‌
480,249,670‌
Reinvestments
of
distributions
30,389,759‌
86,759,916‌
312,665,542‌
265,916,495‌
Redemptions
(
122,038,875‌
)
(
410,510,041‌
)
(
687,514,907‌
)
(
1,477,620,233‌
)
Net
increase
(decrease)
from
Fund
share
transactions
55,697,428‌
(
138,188,633‌
)
(
183,980,944‌
)
(
731,454,068‌
)
Net
increase
(decrease)
in
net
assets
262,714,055‌
(
228,908,658‌
)
608,453,550‌
(
632,528,992‌
)
Net
assets
at
the
beginning
of
period
1,005,537,583‌
1,234,446,241‌
5,431,166,536‌
6,063,695,528‌
Net
assets
at
the
end
of
period
$
1,268,251,638‌
$
1,005,537,583‌
$
6,039,620,086‌
$
5,431,166,536‌
See
Notes
to
Financial
Statements
117
2.9
Social
Choice
Low
Carbon
Equity
3.01
Emerging
Markets
Equity
3.1
International
Equity
3.2
International
Opportunities
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
$
6,333,558‌
$
14,122,775‌
$
16,467,085‌
$
29,145,925‌
$
105,645,741‌
$
191,780,313‌
$
24,307,419‌
$
43,039,020‌
29,153,759‌
2,901,206‌
(
14,182,506‌
)
(
163,683,098‌
)
(
65,774,994‌
)
(
212,857,199‌
)
8,459,901‌
(
30,274,378‌
)
185,443,375‌
55,030,431‌
202,122,808‌
362,923,972‌
995,695,666‌
961,774,814‌
333,925,460‌
92,308,655‌
220,930,692‌
72,054,412‌
204,407,387‌
228,386,799‌
1,035,566,413‌
940,697,928‌
366,692,780‌
105,073,297‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
(
966,051‌
)
(
850,635‌
)
(
208,706‌
)
–‌
(
9,445,093‌
)
(
7,130,146‌
)
(
347,356‌
)
(
2,670‌
)
(
81,822‌
)
(
137,185‌
)
(
3,551‌
)
(
51‌
)
(
55,344‌
)
(
49,632‌
)
(
390,900‌
)
(
15,479‌
)
(
86,614‌
)
(
105,528‌
)
(
153,946‌
)
(
1,417‌
)
(
1,278,590‌
)
(
1,314,382‌
)
(
29,056‌
)
(
997‌
)
(
8,565,033‌
)
(
8,421,282‌
)
(
6,946,604‌
)
(
110,455‌
)
(
69,281,091‌
)
(
53,022,200‌
)
(
1,741,005‌
)
(
59,935‌
)
(
9,748,234‌
)
(
8,580,397‌
)
(
2,025,782‌
)
(
10,002‌
)
(
7,334,328‌
)
(
6,179,370‌
)
(
886,690‌
)
(
41,756‌
)
–‌
–‌
(
55,912,001‌
)
(
11,306,655‌
)
(
106,658,498‌
)
(
84,267,011‌
)
(
37,680,868‌
)
(
3,104,263‌
)
(
19,447,754‌
)
(
18,095,027‌
)
(
65,250,590‌
)
(
11,428,580‌
)
(
194,052,944‌
)
(
151,962,741‌
)
(
41,075,875‌
)
(
3,225,100‌
)
25,606,358‌
140,285,561‌
119,175,300‌
314,530,104‌
254,983,016‌
493,936,595‌
74,661,421‌
344,566,383‌
18,169,873‌
16,435,097‌
65,243,521‌
11,428,560‌
190,322,229‌
149,042,694‌
40,957,849‌
3,221,382‌
(
204,513,078‌
)
(
173,462,772‌
)
(
163,236,121‌
)
(
577,304,281‌
)
(
603,213,399‌
)
(
1,547,746,723‌
)
(
204,235,670‌
)
(
645,532,412‌
)
(
160,736,847‌
)
(
16,742,114‌
)
21,182,700‌
(
251,345,617‌
)
(
157,908,154‌
)
(
904,767,434‌
)
(
88,616,400‌
)
(
297,744,647‌
)
40,746,091‌
37,217,271‌
160,339,497‌
(
34,387,398‌
)
683,605,315‌
(
116,032,247‌
)
237,000,505‌
(
195,896,450‌
)
1,108,972,950‌
1,071,755,679‌
1,537,461,684‌
1,571,849,082‌
6,142,148,416‌
6,258,180,663‌
2,189,639,891‌
2,385,536,341‌
$
1,149,719,041‌
$
1,108,972,950‌
$
1,697,801,181‌
$
1,537,461,684‌
$
6,825,753,731‌
$
6,142,148,416‌
$
2,426,640,396‌
$
2,189,639,891‌
Statement
of
Changes
in
Net
Assets
(continued)
See
Notes
to
Financial
Statements
118
(continued)
Statement
of
Changes
in
Net
Assets
(continued)
3.3
Quant
International
Small
Cap
Equity
3.4
International
Responsible
Equity
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
15,889,421‌
$
38,835,254‌
$
20,079,292‌
$
40,434,886‌
Net
realized
gain
(loss)
62,222,449‌
(
44,670,403‌
)
18,218,156‌
(
11,435,053‌
)
Net
change
in
unrealized
appreciation
(depreciation)
138,420,842‌
129,573,092‌
186,410,209‌
158,614,801‌
Net
increase
(decrease)
in
net
assets
from
operations
216,532,712‌
123,737,943‌
224,707,657‌
187,614,634‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
–‌
–‌
Dividends:
Class
A
(
24,393‌
)
(
26,222‌
)
(
915,113‌
)
(
466,477‌
)
Class
I
(
2,565‌
)
(
2,284‌
)
(
415,430‌
)
(
209,129‌
)
Premier
Class
(
2,151‌
)
(
2,167‌
)
(
19,729‌
)
(
14,490‌
)
Class
R6
(
2,093,206‌
)
(
2,265,188‌
)
(
25,645,294‌
)
(
16,758,430‌
)
Retirement
Class
(
213,678‌
)
(
285,949‌
)
(
20,918,259‌
)
(
10,818,157‌
)
Class
W
(
41,164,803‌
)
(
44,458,628‌
)
–‌
–‌
Total
distributions
(
43,500,796‌
)
(
47,040,438‌
)
(
47,913,825‌
)
(
28,266,683‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
30,505,754‌
90,698,605‌
104,699,375‌
324,914,382‌
Reinvestments
of
distributions
43,495,620‌
47,035,184‌
42,146,965‌
22,673,194‌
Redemptions
(
83,082,077‌
)
(
338,276,137‌
)
(
127,304,367‌
)
(
266,531,505‌
)
Net
increase
(decrease)
from
Fund
share
transactions
(
9,080,703‌
)
(
200,542,348‌
)
19,541,973‌
81,056,071‌
Net
increase
(decrease)
in
net
assets
163,951,213‌
(
123,844,843‌
)
196,335,805‌
240,404,022‌
Net
assets
at
the
beginning
of
period
1,071,326,730‌
1,195,171,573‌
1,386,228,124‌
1,145,824,102‌
Net
assets
at
the
end
of
period
$
1,235,277,943‌
$
1,071,326,730‌
$
1,582,563,929‌
$
1,386,228,124‌
Financial
Highlights
See
Notes
to
Financial
Statements
120
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.1
Core
Equity
Class
A:
4/30/24
#
$
22
.30‌
$
0
.09‌
$
5
.04‌
$
5
.13‌
$
(
0
.07‌
)
$
(
2
.98‌
)
$
(
3
.05‌
)
$
24
.38‌
10/31/23
20
.52‌
0
.18‌
2
.71‌
2
.89‌
(
0
.14‌
)
(
0
.97‌
)
(
1
.11‌
)
22
.30‌
10/31/22
28
.59‌
0
.20‌
(
4
.90‌
)
(
4
.70‌
)
(
0
.12‌
)
(
3
.25‌
)
(
3
.37‌
)
20
.52‌
10/31/21
21
.14‌
0
.12‌
8
.46‌
8
.58‌
(
0
.09‌
)
(
1
.04‌
)
(
1
.13‌
)
28
.59‌
10/31/20
20
.02‌
0
.17‌
1
.86‌
2
.03‌
(
0
.15‌
)
(
0
.76‌
)
(
0
.91‌
)
21
.14‌
10/31/19
19
.30‌
0
.23‌
1
.65‌
1
.88‌
(
0
.12‌
)
(
1
.04‌
)
(
1
.16‌
)
20
.02‌
Class
I:
4/30/24
#
14
.32‌
0
.07‌
3
.08‌
3
.15‌
(
0
.10‌
)
(
2
.98‌
)
(
3
.08‌
)
14
.39‌
10/31/23
13
.60‌
0
.14‌
1
.74‌
1
.88‌
(
0
.19‌
)
(
0
.97‌
)
(
1
.16‌
)
14
.32‌
10/31/22
20
.09‌
0
.15‌
(
3
.23‌
)
(
3
.08‌
)
(
0
.16‌
)
(
3
.25‌
)
(
3
.41‌
)
13
.60‌
10/31/21
15
.17‌
0
.12‌
5
.99‌
6
.11‌
(
0
.15‌
)
(
1
.04‌
)
(
1
.19‌
)
20
.09‌
10/31/20
14
.64‌
0
.15‌
1
.33‌
1
.48‌
(
0
.19‌
)
(
0
.76‌
)
(
0
.95‌
)
15
.17‌
10/31/19
14
.45‌
0
.20‌
1
.19‌
1
.39‌
(
0
.16‌
)
(
1
.04‌
)
(
1
.20‌
)
14
.64‌
Premier
Class:
4/30/24
#
14
.35‌
0
.06‌
3
.09‌
3
.15‌
(
0
.10‌
)
(
2
.98‌
)
(
3
.08‌
)
14
.42‌
10/31/23
13
.62‌
0
.14‌
1
.74‌
1
.88‌
(
0
.18‌
)
(
0
.97‌
)
(
1
.15‌
)
14
.35‌
10/31/22
20
.11‌
0
.14‌
(
3
.23‌
)
(
3
.09‌
)
(
0
.15‌
)
(
3
.25‌
)
(
3
.40‌
)
13
.62‌
10/31/21
15
.19‌
0
.11‌
5
.99‌
6
.10‌
(
0
.14‌
)
(
1
.04‌
)
(
1
.18‌
)
20
.11‌
10/31/20
14
.65‌
0
.15‌
1
.33‌
1
.48‌
(
0
.18‌
)
(
0
.76‌
)
(
0
.94‌
)
15
.19‌
10/31/19
14
.45‌
0
.19‌
1
.20‌
1
.39‌
(
0
.15‌
)
(
1
.04‌
)
(
1
.19‌
)
14
.65‌
Class
R6:
4/30/24
#
14
.31‌
0
.07‌
3
.09‌
3
.16‌
(
0
.11‌
)
(
2
.98‌
)
(
3
.09‌
)
14
.38‌
10/31/23
13
.58‌
0
.15‌
1
.75‌
1
.90‌
(
0
.20‌
)
(
0
.97‌
)
(
1
.17‌
)
14
.31‌
10/31/22
20
.07‌
0
.17‌
(
3
.24‌
)
(
3
.07‌
)
(
0
.17‌
)
(
3
.25‌
)
(
3
.42‌
)
13
.58‌
10/31/21
15
.16‌
0
.14‌
5
.97‌
6
.11‌
(
0
.16‌
)
(
1
.04‌
)
(
1
.20‌
)
20
.07‌
10/31/20
14
.63‌
0
.17‌
1
.33‌
1
.50‌
(
0
.21‌
)
(
0
.76‌
)
(
0
.97‌
)
15
.16‌
10/31/19
14
.44‌
0
.21‌
1
.20‌
1
.41‌
(
0
.18‌
)
(
1
.04‌
)
(
1
.22‌
)
14
.63‌
Retirement
Class:
4/30/24
#
14
.73‌
0
.06‌
3
.18‌
3
.24‌
(
0
.09‌
)
(
2
.98‌
)
(
3
.07‌
)
14
.90‌
10/31/23
13
.95‌
0
.12‌
1
.80‌
1
.92‌
(
0
.17‌
)
(
0
.97‌
)
(
1
.14‌
)
14
.73‌
10/31/22
20
.51‌
0
.13‌
(
3
.31‌
)
(
3
.18‌
)
(
0
.13‌
)
(
3
.25‌
)
(
3
.38‌
)
13
.95‌
10/31/21
15
.47‌
0
.09‌
6
.11‌
6
.20‌
(
0
.12‌
)
(
1
.04‌
)
(
1
.16‌
)
20
.51‌
10/31/20
14
.91‌
0
.13‌
1
.36‌
1
.49‌
(
0
.17‌
)
(
0
.76‌
)
(
0
.93‌
)
15
.47‌
10/31/19
14
.69‌
0
.18‌
1
.22‌
1
.40‌
(
0
.14‌
)
(
1
.04‌
)
(
1
.18‌
)
14
.91‌
Class
W:
4/30/24
#
14
.30‌
0
.10‌
3
.08‌
3
.18‌
(
0
.14‌
)
(
2
.98‌
)
(
3
.12‌
)
14
.36‌
10/31/23
13
.58‌
0
.21‌
1
.74‌
1
.95‌
(
0
.26‌
)
(
0
.97‌
)
(
1
.23‌
)
14
.30‌
10/31/22
20
.07‌
0
.23‌
(
3
.23‌
)
(
3
.00‌
)
(
0
.24‌
)
(
3
.25‌
)
(
3
.49‌
)
13
.58‌
10/31/21
15
.16‌
0
.21‌
5
.98‌
6
.19‌
(
0
.24‌
)
(
1
.04‌
)
(
1
.28‌
)
20
.07‌
10/31/20
14
.64‌
0
.22‌
1
.32‌
1
.54‌
(
0
.26‌
)
(
0
.76‌
)
(
1
.02‌
)
15
.16‌
10/31/19
14
.45‌
0
.27‌
1
.19‌
1
.46‌
(
0
.23‌
)
(
1
.04‌
)
(
1
.27‌
)
14
.64‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
f
Does
not
include
in-kind
transactions.
g
During
the
year
ended
10/31/23,
0.01%,
0.01%,
0.01%,
0.01%,
0.01%
and
0.01%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
121
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
24
.99‌
%
$
1,679,461‌
0
.69‌
%
c
0
.68‌
%
c
0
.76‌
%
c
11‌
%
14
.85‌
g
1,396,039‌
0
.70‌
0
.67‌
0
.84‌
108‌
(
18
.73‌
)
1,292,439‌
0
.69‌
0
.62‌
0
.87‌
74‌
41
.97‌
1,664,005‌
0
.69‌
0
.69‌
0
.48‌
61‌
f
10
.50‌
1,212,620‌
0
.69‌
0
.69‌
0
.85‌
64‌
10
.60‌
1,199,088‌
0
.70‌
0
.69‌
1
.23‌
68‌
25
.09‌
5,008‌
0
.50‌
c
0
.49‌
c
0
.94‌
c
11‌
14
.97‌
g
3,719‌
0
.50‌
0
.50‌
1
.01‌
108‌
(
18
.59‌
)
3,048‌
0
.50‌
0
.50‌
1
.01‌
74‌
42
.23‌
3,428‌
0
.50‌
0
.50‌
0
.66‌
61‌
f
10
.70‌
2,701‌
0
.49‌
0
.49‌
1
.04‌
64‌
10
.83‌
2,075‌
0
.51‌
0
.50‌
1
.44‌
68‌
25
.01‌
8,286‌
0
.56‌
c
0
.55‌
c
0
.88‌
c
11‌
14
.96‌
g
5,566‌
0
.56‌
0
.55‌
0
.98‌
108‌
(
18
.62‌
)
8,396‌
0
.55‌
0
.55‌
0
.87‌
74‌
42
.08‌
20,731‌
0
.55‌
0
.55‌
0
.63‌
61‌
f
10
.67‌
25,805‌
0
.55‌
0
.55‌
1
.03‌
64‌
10
.74‌
44,314‌
0
.56‌
0
.55‌
1
.34‌
68‌
25
.18‌
1,681,431‌
0
.41‌
c
0
.40‌
c
1
.04‌
c
11‌
15
.18‌
g
1,357,423‌
0
.41‌
0
.40‌
1
.11‌
108‌
(
18
.53‌
)
1,358,311‌
0
.41‌
0
.40‌
1
.08‌
74‌
42
.33‌
1,988,937‌
0
.40‌
0
.40‌
0
.77‌
61‌
f
10
.81‌
1,126,795‌
0
.40‌
0
.40‌
1
.15‌
64‌
10
.94‌
1,409,853‌
0
.41‌
0
.40‌
1
.51‌
68‌
24
.98‌
508,737‌
0
.66‌
c
0
.65‌
c
0
.79‌
c
11‌
14
.85‌
g
414,554‌
0
.66‌
0
.65‌
0
.86‌
108‌
(
18
.68‌
)
406,033‌
0
.66‌
0
.65‌
0
.83‌
74‌
41
.96‌
577,096‌
0
.65‌
0
.65‌
0
.51‌
61‌
f
10
.50‌
452,343‌
0
.65‌
0
.65‌
0
.89‌
64‌
10
.67‌
497,202‌
0
.66‌
0
.65‌
1
.27‌
68‌
25
.38‌
2,215,907‌
0
.41‌
c
0.00‌
c
1
.45‌
c
11‌
15
.58‌
g
2,000,924‌
0
.41‌
0.00‌
1
.51‌
108‌
(
18
.17‌
)
2,049,653‌
0
.41‌
0.00‌
1
.49‌
74‌
42
.93‌
2,739,781‌
0
.40‌
0.00‌
1
.17‌
61‌
f
11
.21‌
2,914,760‌
0
.40‌
0.00‌
1
.53‌
64‌
11
.39‌
3,363,807‌
0
.41‌
0.00‌
1
.93‌
68‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
122
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.2
Large
Cap
Growth
Class
A:
4/30/24
#
$
20
.11‌
$
0
.00‌
d
$
4
.76‌
$
4
.76‌
$
—‌
$
—‌
$
—‌
$
24
.87‌
10/31/23
16
.43‌
0
.02‌
3
.69‌
3
.71‌
(
0
.03‌
)
—‌
(
0
.03‌
)
20
.11‌
10/31/22
26
.77‌
0
.02‌
(
7
.87‌
)
(
7
.85‌
)
—‌
(
2
.49‌
)
(
2
.49‌
)
16
.43‌
10/31/21
27
.03‌
(
0
.05‌
)
8
.14‌
8
.09‌
(
0
.04‌
)
(
8
.31‌
)
(
8
.35‌
)
26
.77‌
10/31/20
21
.34‌
0
.01‌
6
.57‌
6
.58‌
(
0
.02‌
)
(
0
.87‌
)
(
0
.89‌
)
27
.03‌
10/31/19
21
.33‌
0
.05‌
2
.36‌
2
.41‌
(
0
.05‌
)
(
2
.35‌
)
(
2
.40‌
)
21
.34‌
Class
I:
4/30/24
#
20
.23‌
0
.03‌
4
.78‌
4
.81‌
(
0
.03‌
)
—‌
(
0
.03‌
)
25
.01‌
10/31/23
16
.52‌
0
.06‌
3
.70‌
3
.76‌
(
0
.05‌
)
—‌
(
0
.05‌
)
20
.23‌
10/31/22
26
.88‌
0
.05‌
(
7
.91‌
)
(
7
.86‌
)
(
0
.01‌
)
(
2
.49‌
)
(
2
.50‌
)
16
.52‌
10/31/21
27
.12‌
0
.00‌
d
8
.17‌
8
.17‌
(
0
.10‌
)
(
8
.31‌
)
(
8
.41‌
)
26
.88‌
10/31/20
21
.41‌
0
.06‌
6
.59‌
6
.65‌
(
0
.07‌
)
(
0
.87‌
)
(
0
.94‌
)
27
.12‌
10/31/19
21
.40‌
0
.10‌
2
.37‌
2
.47‌
(
0
.11‌
)
(
2
.35‌
)
(
2
.46‌
)
21
.41‌
Premier
Class:
4/30/24
#
20
.22‌
0
.02‌
4
.78‌
4
.80‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
25
.02‌
10/31/23
16
.52‌
0
.05‌
3
.69‌
3
.74‌
(
0
.04‌
)
—‌
(
0
.04‌
)
20
.22‌
10/31/22
26
.88‌
0
.03‌
(
7
.90‌
)
(
7
.87‌
)
—‌
(
2
.49‌
)
(
2
.49‌
)
16
.52‌
10/31/21
27
.10‌
(
0
.01‌
)
8
.16‌
8
.15‌
(
0
.06‌
)
(
8
.31‌
)
(
8
.37‌
)
26
.88‌
10/31/20
21
.40‌
0
.05‌
6
.58‌
6
.63‌
(
0
.06‌
)
(
0
.87‌
)
(
0
.93‌
)
27
.10‌
10/31/19
21
.37‌
0
.08‌
2
.37‌
2
.45‌
(
0
.07‌
)
(
2
.35‌
)
(
2
.42‌
)
21
.40‌
Class
R6:
4/30/24
#
20
.25‌
0
.04‌
4
.79‌
4
.83‌
(
0
.05‌
)
—‌
(
0
.05‌
)
25
.03‌
10/31/23
16
.54‌
0
.07‌
3
.71‌
3
.78‌
(
0
.07‌
)
—‌
(
0
.07‌
)
20
.25‌
10/31/22
26
.91‌
0
.06‌
(
7
.91‌
)
(
7
.85‌
)
(
0
.03‌
)
(
2
.49‌
)
(
2
.52‌
)
16
.54‌
10/31/21
27
.14‌
0
.02‌
8
.17‌
8
.19‌
(
0
.11‌
)
(
8
.31‌
)
(
8
.42‌
)
26
.91‌
10/31/20
21
.43‌
0
.08‌
6
.59‌
6
.67‌
(
0
.09‌
)
(
0
.87‌
)
(
0
.96‌
)
27
.14‌
10/31/19
21
.42‌
0
.11‌
2
.37‌
2
.48‌
(
0
.12‌
)
(
2
.35‌
)
(
2
.47‌
)
21
.43‌
Retirement
Class:
4/30/24
#
20
.00‌
0
.01‌
4
.73‌
4
.74‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
24
.74‌
10/31/23
16
.33‌
0
.02‌
3
.67‌
3
.69‌
(
0
.02‌
)
—‌
(
0
.02‌
)
20
.00‌
10/31/22
26
.63‌
0
.01‌
(
7
.82‌
)
(
7
.81‌
)
—‌
(
2
.49‌
)
(
2
.49‌
)
16
.33‌
10/31/21
26
.93‌
(
0
.04‌
)
8
.10‌
8
.06‌
(
0
.05‌
)
(
8
.31‌
)
(
8
.36‌
)
26
.63‌
10/31/20
21
.27‌
0
.02‌
6
.54‌
6
.56‌
(
0
.03‌
)
(
0
.87‌
)
(
0
.90‌
)
26
.93‌
10/31/19
21
.27‌
0
.06‌
2
.36‌
2
.42‌
(
0
.07‌
)
(
2
.35‌
)
(
2
.42‌
)
21
.27‌
Class
W:
4/30/24
#
20
.30‌
0
.09‌
4
.79‌
4
.88‌
(
0
.14‌
)
—‌
(
0
.14‌
)
25
.04‌
10/31/23
16
.59‌
0
.15‌
3
.71‌
3
.86‌
(
0
.15‌
)
—‌
(
0
.15‌
)
20
.30‌
10/31/22
27
.00‌
0
.14‌
(
7
.92‌
)
(
7
.78‌
)
(
0
.14‌
)
(
2
.49‌
)
(
2
.63‌
)
16
.59‌
10/31/21
27
.24‌
0
.12‌
8
.19‌
8
.31‌
(
0
.24‌
)
(
8
.31‌
)
(
8
.55‌
)
27
.00‌
10/31/20
21
.50‌
0
.18‌
6
.61‌
6
.79‌
(
0
.18‌
)
(
0
.87‌
)
(
1
.05‌
)
27
.24‌
10/31/19
21
.43‌
0
.19‌
2
.37‌
2
.56‌
(
0
.14‌
)
(
2
.35‌
)
(
2
.49‌
)
21
.50‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
g
During
the
year
ended
10/31/23,
0.05%,
0.05%,
0.06%,
0.05%,
0.05%
and
0.05%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
123
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
23
.67‌
%
$
1,321,408‌
0
.70‌
%
c
0
.70‌
%
c
0
.03‌
%
c
14‌
%
22
.60‌
g
1,090,321‌
0
.71‌
0
.68‌
0
.10‌
44‌
(
32
.23‌
)
936,049‌
0
.71‌
0
.62‌
0
.08‌
64‌
36
.96‌
1,476,126‌
0
.69‌
0
.69‌
(
0
.20‌
)
47‌
32
.05‌
1,127,972‌
0
.70‌
0
.70‌
0
.04‌
143‌
13
.25‌
991,814‌
0
.71‌
0
.71‌
0
.24‌
97‌
23
.82‌
5,180‌
0
.50‌
c
0
.50‌
c
0
.22‌
c
14‌
22
.85‌
g
3,623‌
0
.50‌
0
.49‌
0
.30‌
44‌
(
32
.13‌
)
3,715‌
0
.48‌
0
.47‌
0
.23‌
64‌
37
.25‌
5,462‌
0
.48‌
0
.48‌
0
.02‌
47‌
32
.33‌
4,820‌
0
.48‌
0
.48‌
0
.24‌
143‌
13
.55‌
2,995‌
0
.50‌
0
.50‌
0
.48‌
97‌
23
.77‌
8,356‌
0
.56‌
c
0
.56‌
c
0
.17‌
c
14‌
22
.69‌
g
7,443‌
0
.57‌
0
.55‌
0
.27‌
44‌
(
32
.17‌
)
11,303‌
0
.56‌
0
.55‌
0
.15‌
64‌
37
.18‌
15,987‌
0
.55‌
0
.55‌
(
0
.06‌
)
47‌
32
.22‌
14,407‌
0
.56‌
0
.55‌
0
.22‌
143‌
13
.45‌
19,839‌
0
.57‌
0
.56‌
0
.39‌
97‌
23
.89‌
1,605,454‌
0
.41‌
c
0
.41‌
c
0
.32‌
c
14‌
22
.93‌
g
1,370,479‌
0
.41‌
0
.40‌
0
.38‌
44‌
(
32
.08‌
)
1,294,222‌
0
.41‌
0
.40‌
0
.30‌
64‌
37
.36‌
2,055,310‌
0
.40‌
0
.40‌
0
.09‌
47‌
32
.43‌
1,606,751‌
0
.41‌
0
.40‌
0
.34‌
143‌
13
.60‌
1,333,235‌
0
.42‌
0
.41‌
0
.54‌
97‌
23
.72‌
409,488‌
0
.66‌
c
0
.66‌
c
0
.07‌
c
14‌
22
.61‌
g
330,921‌
0
.66‌
0
.65‌
0
.13‌
44‌
(
32
.22‌
)
272,488‌
0
.66‌
0
.65‌
0
.04‌
64‌
36
.99‌
477,945‌
0
.65‌
0
.65‌
(
0
.16‌
)
47‌
32
.08‌
395,851‌
0
.66‌
0
.65‌
0
.08‌
143‌
13
.35‌
309,694‌
0
.66‌
0
.66‌
0
.30‌
97‌
24
.10‌
2,600,842‌
0
.41‌
c
0.00‌
c
0
.73‌
c
14‌
23
.44‌
g
2,316,362‌
0
.41‌
0.00‌
0
.78‌
44‌
(
31
.80‌
)
2,179,231‌
0
.41‌
0.00‌
0
.70‌
64‌
37
.86‌
3,158,816‌
0
.40‌
0.00‌
0
.49‌
47‌
32
.94‌
2,942,406‌
0
.41‌
0.00‌
0
.75‌
143‌
14
.11‌
3,050,002‌
0
.41‌
0.00‌
0
.95‌
97‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
124
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.3
Large
Cap
Value
Class
A:
4/30/24
#
$
18
.12‌
$
0
.14‌
$
3
.24‌
$
3
.38‌
$
(
0
.31‌
)
$
(
1
.34‌
)
$
(
1
.65‌
)
$
19
.85‌
10/31/23
18
.67‌
0
.28‌
0
.28‌
0
.56‌
(
0
.30‌
)
(
0
.81‌
)
(
1
.11‌
)
18
.12‌
10/31/22
21
.99‌
0
.26‌
(
1
.65‌
)
(
1
.39‌
)
(
0
.25‌
)
(
1
.68‌
)
(
1
.93‌
)
18
.67‌
10/31/21
15
.23‌
0
.20‌
6
.86‌
7
.06‌
(
0
.30‌
)
—‌
(
0
.30‌
)
21
.99‌
10/31/20
16
.84‌
0
.26‌
(
1
.54‌
)
(
1
.28‌
)
(
0
.33‌
)
—‌
(
0
.33‌
)
15
.23‌
10/31/19
17
.22‌
0
.28‌
1
.17‌
1
.45‌
(
0
.30‌
)
(
1
.53‌
)
(
1
.83‌
)
16
.84‌
Class
I:
4/30/24
#
19
.20‌
0
.17‌
3
.45‌
3
.62‌
(
0
.36‌
)
(
1
.34‌
)
(
1
.70‌
)
21
.12‌
10/31/23
19
.71‌
0
.33‌
0
.31‌
0
.64‌
(
0
.34‌
)
(
0
.81‌
)
(
1
.15‌
)
19
.20‌
10/31/22
23
.12‌
0
.31‌
(
1
.74‌
)
(
1
.43‌
)
(
0
.30‌
)
(
1
.68‌
)
(
1
.98‌
)
19
.71‌
10/31/21
15
.99‌
0
.26‌
7
.21‌
7
.47‌
(
0
.34‌
)
—‌
(
0
.34‌
)
23
.12‌
10/31/20
17
.67‌
0
.31‌
(
1
.61‌
)
(
1
.30‌
)
(
0
.38‌
)
—‌
(
0
.38‌
)
15
.99‌
10/31/19
17
.97‌
0
.33‌
1
.23‌
1
.56‌
(
0
.33‌
)
(
1
.53‌
)
(
1
.86‌
)
17
.67‌
Premier
Class:
4/30/24
#
19
.17‌
0
.16‌
3
.45‌
3
.61‌
(
0
.33‌
)
(
1
.34‌
)
(
1
.67‌
)
21
.11‌
10/31/23
19
.68‌
0
.33‌
0
.29‌
0
.62‌
(
0
.32‌
)
(
0
.81‌
)
(
1
.13‌
)
19
.17‌
10/31/22
23
.08‌
0
.29‌
(
1
.73‌
)
(
1
.44‌
)
(
0
.28‌
)
(
1
.68‌
)
(
1
.96‌
)
19
.68‌
10/31/21
15
.97‌
0
.24‌
7
.19‌
7
.43‌
(
0
.32‌
)
—‌
(
0
.32‌
)
23
.08‌
10/31/20
17
.63‌
0
.31‌
(
1
.62‌
)
(
1
.31‌
)
(
0
.35‌
)
—‌
(
0
.35‌
)
15
.97‌
10/31/19
17
.92‌
0
.32‌
1
.22‌
1
.54‌
(
0
.30‌
)
(
1
.53‌
)
(
1
.83‌
)
17
.63‌
Class
R6:
4/30/24
#
19
.23‌
0
.17‌
3
.45‌
3
.62‌
(
0
.37‌
)
(
1
.34‌
)
(
1
.71‌
)
21
.14‌
10/31/23
19
.73‌
0
.35‌
0
.31‌
0
.66‌
(
0
.35‌
)
(
0
.81‌
)
(
1
.16‌
)
19
.23‌
10/31/22
23
.14‌
0
.32‌
(
1
.73‌
)
(
1
.41‌
)
(
0
.32‌
)
(
1
.68‌
)
(
2
.00‌
)
19
.73‌
10/31/21
16
.01‌
0
.28‌
7
.20‌
7
.48‌
(
0
.35‌
)
—‌
(
0
.35‌
)
23
.14‌
10/31/20
17
.68‌
0
.33‌
(
1
.62‌
)
(
1
.29‌
)
(
0
.38‌
)
—‌
(
0
.38‌
)
16
.01‌
10/31/19
17
.98‌
0
.34‌
1
.23‌
1
.57‌
(
0
.34‌
)
(
1
.53‌
)
(
1
.87‌
)
17
.68‌
Retirement
Class:
4/30/24
#
19
.12‌
0
.15‌
3
.43‌
3
.58‌
(
0
.32‌
)
(
1
.34‌
)
(
1
.66‌
)
21
.04‌
10/31/23
19
.63‌
0
.30‌
0
.30‌
0
.60‌
(
0
.30‌
)
(
0
.81‌
)
(
1
.11‌
)
19
.12‌
10/31/22
23
.03‌
0
.27‌
(
1
.73‌
)
(
1
.46‌
)
(
0
.26‌
)
(
1
.68‌
)
(
1
.94‌
)
19
.63‌
10/31/21
15
.93‌
0
.22‌
7
.19‌
7
.41‌
(
0
.31‌
)
—‌
(
0
.31‌
)
23
.03‌
10/31/20
17
.60‌
0
.29‌
(
1
.63‌
)
(
1
.34‌
)
(
0
.33‌
)
—‌
(
0
.33‌
)
15
.93‌
10/31/19
17
.88‌
0
.30‌
1
.23‌
1
.53‌
(
0
.28‌
)
(
1
.53‌
)
(
1
.81‌
)
17
.60‌
Class
W:
4/30/24
#
19
.28‌
0
.22‌
3
.45‌
3
.67‌
(
0
.46‌
)
(
1
.34‌
)
(
1
.80‌
)
21
.15‌
10/31/23
19
.80‌
0
.43‌
0
.30‌
0
.73‌
(
0
.44‌
)
(
0
.81‌
)
(
1
.25‌
)
19
.28‌
10/31/22
23
.22‌
0
.41‌
(
1
.73‌
)
(
1
.32‌
)
(
0
.42‌
)
(
1
.68‌
)
(
2
.10‌
)
19
.80‌
10/31/21
16
.07‌
0
.36‌
7
.22‌
7
.58‌
(
0
.43‌
)
—‌
(
0
.43‌
)
23
.22‌
10/31/20
17
.74‌
0
.39‌
(
1
.61‌
)
(
1
.22‌
)
(
0
.45‌
)
—‌
(
0
.45‌
)
16
.07‌
10/31/19
17
.98‌
0
.40‌
1
.25‌
1
.65‌
(
0
.36‌
)
(
1
.53‌
)
(
1
.89‌
)
17
.74‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
See
Notes
to
Financial
Statements
125
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
19
.67‌
%
$
156,068‌
0
.71‌
%
c
0
.71‌
%
c
1
.43‌
%
c
6‌
%
3
.06‌
137,199‌
0
.72‌
0
.71‌
1
.48‌
23‌
(
6
.99‌
)
144,801‌
0
.72‌
0
.67‌
1
.33‌
21‌
46
.88‌
155,733‌
0
.72‌
0
.71‌
1
.01‌
14‌
(
7
.81‌
)
108,093‌
0
.73‌
0
.72‌
1
.67‌
26‌
9
.92‌
132,317‌
0
.72‌
0
.70‌
1
.75‌
79‌
19
.80‌
677‌
0
.50‌
c
0
.50‌
c
1
.65‌
c
6‌
3
.29‌
589‌
0
.49‌
0
.49‌
1
.69‌
23‌
(
6
.83‌
)
498‌
0
.49‌
0
.49‌
1
.51‌
21‌
47
.30‌
520‌
0
.48‌
0
.48‌
1
.23‌
14‌
(
7
.60‌
)
257‌
0
.47‌
0
.46‌
1
.91‌
26‌
10
.17‌
181‌
0
.45‌
0
.43‌
2
.00‌
79‌
19
.78‌
53,775‌
0
.56‌
c
0
.56‌
c
1
.55‌
c
6‌
3
.20‌
29,542‌
0
.56‌
0
.56‌
1
.65‌
23‌
(
6
.88‌
)
67,185‌
0
.56‌
0
.56‌
1
.42‌
21‌
47
.06‌
77,309‌
0
.56‌
0
.55‌
1
.18‌
14‌
(
7
.65‌
)
69,391‌
0
.56‌
0
.55‌
1
.85‌
26‌
10
.10‌
130,723‌
0
.56‌
0
.54‌
1
.92‌
79‌
19
.81‌
2,643,689‌
0
.41‌
c
0
.41‌
c
1
.70‌
c
6‌
3
.41‌
1,834,766‌
0
.41‌
0
.41‌
1
.77‌
23‌
(
6
.76‌
)
1,825,968‌
0
.41‌
0
.41‌
1
.59‌
21‌
47
.32‌
1,898,837‌
0
.41‌
0
.40‌
1
.32‌
14‌
(
7
.51‌
)
1,467,747‌
0
.41‌
0
.40‌
1
.98‌
26‌
10
.23‌
1,922,604‌
0
.41‌
0
.39‌
2
.06‌
79‌
19
.69‌
757,588‌
0
.66‌
c
0
.66‌
c
1
.44‌
c
6‌
3
.11‌
492,408‌
0
.66‌
0
.66‌
1
.53‌
23‌
(
7
.00‌
)
485,219‌
0
.66‌
0
.66‌
1
.33‌
21‌
47
.01‌
521,413‌
0
.66‌
0
.65‌
1
.08‌
14‌
(
7
.80‌
)
423,110‌
0
.66‌
0
.65‌
1
.73‌
26‌
10
.03‌
579,719‌
0
.66‌
0
.64‌
1
.82‌
79‌
20
.08‌
2,196,894‌
0
.41‌
c
0.00‌
c
2
.15‌
c
6‌
3
.79‌
2,018,133‌
0
.41‌
0.00‌
2
.19‌
23‌
(
6
.34‌
)
2,398,375‌
0
.41‌
0.00‌
1
.99‌
21‌
47
.95‌
2,858,782‌
0
.41‌
0.00‌
1
.73‌
14‌
(
7
.19‌
)
2,698,308‌
0
.41‌
0.00‌
2
.37‌
26‌
10
.66‌
2,900,604‌
0
.41‌
0.00‌
2
.43‌
79‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
126
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.4
Mid
Cap
Growth
Class
A:
4/30/24
#
$
15
.65‌
$
0
.01‌
$
3
.17‌
$
3
.18‌
$
—‌
$
—‌
$
—‌
$
18
.83‌
10/31/23
15
.68‌
(
0
.01‌
)
0
.04‌
0
.03‌
(
0
.06‌
)
—‌
(
0
.06‌
)
15
.65‌
10/31/22
29
.36‌
0
.05‌
(
9
.99‌
)
(
9
.94‌
)
—‌
(
3
.74‌
)
(
3
.74‌
)
15
.68‌
10/31/21
24
.15‌
(
0
.14‌
)
8
.53‌
8
.39‌
—‌
(
3
.18‌
)
(
3
.18‌
)
29
.36‌
10/31/20
21
.44‌
(
0
.07‌
)
5
.12‌
5
.05‌
—‌
(
2
.34‌
)
(
2
.34‌
)
24
.15‌
10/31/19
21
.60‌
(
0
.02‌
)
2
.81‌
2
.79‌
(
0
.01‌
)
(
2
.94‌
)
(
2
.95‌
)
21
.44‌
Class
I:
4/30/24
#
16
.51‌
0
.03‌
3
.33‌
3
.36‌
(
0
.02‌
)
—‌
(
0
.02‌
)
19
.85‌
10/31/23
16
.58‌
0
.02‌
0
.05‌
0
.07‌
(
0
.14‌
)
—‌
(
0
.14‌
)
16
.51‌
10/31/22
30
.79‌
0
.01‌
(
10
.48‌
)
(
10
.47‌
)
—‌
(
3
.74‌
)
(
3
.74‌
)
16
.58‌
10/31/21
25
.14‌
(
0
.07‌
)
8
.90‌
8
.83‌
—‌
(
3
.18‌
)
(
3
.18‌
)
30
.79‌
10/31/20
22
.20‌
(
0
.08‌
)
5
.39‌
5
.31‌
(
0
.03‌
)
(
2
.34‌
)
(
2
.37‌
)
25
.14‌
10/31/19
22
.28‌
0
.03‌
2
.90‌
2
.93‌
(
0
.07‌
)
(
2
.94‌
)
(
3
.01‌
)
22
.20‌
Premier
Class:
4/30/24
#
16
.39‌
0
.02‌
3
.33‌
3
.35‌
—‌
—‌
—‌
19
.74‌
10/31/23
16
.40‌
0
.01‌
0
.05‌
0
.06‌
(
0
.07‌
)
—‌
(
0
.07‌
)
16
.39‌
10/31/22
30
.51‌
0
.06‌
(
10
.43‌
)
(
10
.37‌
)
—‌
(
3
.74‌
)
(
3
.74‌
)
16
.40‌
10/31/21
24
.96‌
(
0
.10‌
)
8
.83‌
8
.73‌
—‌
(
3
.18‌
)
(
3
.18‌
)
30
.51‌
10/31/20
22
.05‌
(
0
.03‌
)
5
.28‌
5
.25‌
(
0
.00‌
)
d
(
2
.34‌
)
(
2
.34‌
)
24
.96‌
10/31/19
22
.14‌
0
.01‌
2
.89‌
2
.90‌
(
0
.05‌
)
(
2
.94‌
)
(
2
.99‌
)
22
.05‌
Class
R6:
4/30/24
#
16
.61‌
0
.04‌
3
.36‌
3
.40‌
(
0
.04‌
)
—‌
(
0
.04‌
)
19
.97‌
10/31/23
16
.62‌
0
.04‌
0
.05‌
0
.09‌
(
0
.10‌
)
—‌
(
0
.10‌
)
16
.61‌
10/31/22
30
.82‌
0
.09‌
(
10
.55‌
)
(
10
.46‌
)
—‌
(
3
.74‌
)
(
3
.74‌
)
16
.62‌
10/31/21
25
.15‌
(
0
.06‌
)
8
.91‌
8
.85‌
—‌
(
3
.18‌
)
(
3
.18‌
)
30
.82‌
10/31/20
22
.21‌
0
.00‌
d
5
.32‌
5
.32‌
(
0
.04‌
)
(
2
.34‌
)
(
2
.38‌
)
25
.15‌
10/31/19
22
.29‌
0
.04‌
2
.90‌
2
.94‌
(
0
.08‌
)
(
2
.94‌
)
(
3
.02‌
)
22
.21‌
Retirement
Class:
4/30/24
#
15
.72‌
0
.01‌
3
.18‌
3
.19‌
—‌
—‌
—‌
18
.91‌
10/31/23
15
.73‌
(
0
.01‌
)
0
.05‌
0
.04‌
(
0
.05‌
)
—‌
(
0
.05‌
)
15
.72‌
10/31/22
29
.44‌
0
.04‌
(
10
.01‌
)
(
9
.97‌
)
—‌
(
3
.74‌
)
(
3
.74‌
)
15
.73‌
10/31/21
24
.21‌
(
0
.13‌
)
8
.54‌
8
.41‌
—‌
(
3
.18‌
)
(
3
.18‌
)
29
.44‌
10/31/20
21
.47‌
(
0
.06‌
)
5
.14‌
5
.08‌
—‌
(
2
.34‌
)
(
2
.34‌
)
24
.21‌
10/31/19
21
.63‌
(
0
.01‌
)
2
.81‌
2
.80‌
(
0
.02‌
)
(
2
.94‌
)
(
2
.96‌
)
21
.47‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
g
During
the
year
ended
10/31/23,
0.13%,
0.13%,
0.16%,
0.13%
and
0.14%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
and
Retirement
Class,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
127
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
20
.32‌
%
$
176,604‌
0
.80‌
%
c
0
.80‌
%
c
0
.06‌
%
c
21‌
%
0
.17‌
g
156,111‌
0
.80‌
0
.78‌
(
0
.09‌
)
38‌
(
37
.94‌
)
170,207‌
0
.78‌
0
.70‌
0
.24‌
62‌
36
.93‌
297,057‌
0
.75‌
0
.75‌
(
0
.50‌
)
76‌
25
.80‌
225,291‌
0
.78‌
0
.78‌
(
0
.33‌
)
107‌
15
.56‌
198,852‌
0
.78‌
0
.78‌
(
0
.10‌
)
81‌
20
.36‌
176‌
0
.59‌
c
0
.59‌
c
0
.28‌
c
21‌
0
.43‌
g
171‌
0
.58‌
0
.58‌
0
.12‌
38‌
(
37
.90‌
)
179‌
0
.47‌
0
.47‌
0
.05‌
62‌
37
.26‌
7,557‌
0
.50‌
0
.50‌
(
0
.24‌
)
76‌
26
.09‌
5,113‌
0
.56‌
0
.56‌
(
0
.32‌
)
107‌
15
.87‌
214‌
0
.54‌
0
.54‌
0
.14‌
81‌
20
.44‌
15,748‌
0
.65‌
c
0
.65‌
c
0
.22‌
c
21‌
0
.35‌
g
13,050‌
0
.64‌
0
.64‌
0
.08‌
38‌
(
37
.92‌
)
28,494‌
0
.63‌
0
.63‌
0
.28‌
62‌
37
.11‌
60,298‌
0
.61‌
0
.61‌
(
0
.35‌
)
76‌
26
.03‌
39,582‌
0
.63‌
0
.63‌
(
0
.16‌
)
107‌
15
.70‌
52,210‌
0
.63‌
0
.63‌
0
.06‌
81‌
20
.46‌
536,299‌
0
.50‌
c
0
.50‌
c
0
.36‌
c
21‌
0
.52‌
g
482,635‌
0
.49‌
0
.49‌
0
.21‌
38‌
(
37
.82‌
)
591,705‌
0
.48‌
0
.48‌
0
.46‌
62‌
37
.33‌
1,113,795‌
0
.46‌
0
.46‌
(
0
.20‌
)
76‌
26
.16‌
721,712‌
0
.48‌
0
.48‌
(
0
.02‌
)
107‌
15
.93‌
761,182‌
0
.48‌
0
.48‌
0
.20‌
81‌
20
.29‌
266,550‌
0
.75‌
c
0
.75‌
c
0
.12‌
c
21‌
0
.25‌
g
248,486‌
0
.74‌
0
.74‌
(
0
.04‌
)
38‌
(
37
.94‌
)
291,903‌
0
.73‌
0
.73‌
0
.21‌
62‌
36
.93‌
524,637‌
0
.71‌
0
.71‌
(
0
.46‌
)
76‌
25
.91‌
375,489‌
0
.73‌
0
.73‌
(
0
.28‌
)
107‌
15
.61‌
350,839‌
0
.73‌
0
.73‌
(
0
.05‌
)
81‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
128
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.5
Mid
Cap
Value
Class
A:
4/30/24
#
$
13
.68‌
$
0
.09‌
$
2
.66‌
$
2
.75‌
$
(
0
.22‌
)
$
—‌
$
(
0
.22‌
)
$
16
.21‌
10/31/23
16
.70‌
0
.20‌
(
0
.92‌
)
(
0
.72‌
)
(
0
.32‌
)
(
1
.98‌
)
(
2
.30‌
)
13
.68‌
10/31/22
20
.42‌
0
.27‌
(
1
.17‌
)
(
0
.90‌
)
(
0
.17‌
)
(
2
.65‌
)
(
2
.82‌
)
16
.70‌
10/31/21
13
.86‌
0
.15‌
6
.66‌
6
.81‌
(
0
.25‌
)
—‌
(
0
.25‌
)
20
.42‌
10/31/20
19
.76‌
0
.18‌
(
2
.38‌
)
(
2
.20‌
)
(
0
.38‌
)
(
3
.32‌
)
(
3
.70‌
)
13
.86‌
10/31/19
21
.70‌
0
.36‌
0
.83‌
1
.19‌
(
0
.34‌
)
(
2
.79‌
)
(
3
.13‌
)
19
.76‌
Class
I:
4/30/24
#
14
.36‌
0
.12‌
2
.79‌
2
.91‌
(
0
.25‌
)
—‌
(
0
.25‌
)
17
.02‌
10/31/23
17
.42‌
0
.25‌
(
0
.98‌
)
(
0
.73‌
)
(
0
.35‌
)
(
1
.98‌
)
(
2
.33‌
)
14
.36‌
10/31/22
21
.20‌
0
.31‌
(
1
.23‌
)
(
0
.92‌
)
(
0
.21‌
)
(
2
.65‌
)
(
2
.86‌
)
17
.42‌
10/31/21
14
.38‌
0
.20‌
6
.90‌
7
.10‌
(
0
.28‌
)
—‌
(
0
.28‌
)
21
.20‌
10/31/20
20
.37‌
0
.23‌
(
2
.47‌
)
(
2
.24‌
)
(
0
.43‌
)
(
3
.32‌
)
(
3
.75‌
)
14
.38‌
10/31/19
22
.28‌
0
.43‌
0
.84‌
1
.27‌
(
0
.39‌
)
(
2
.79‌
)
(
3
.18‌
)
20
.37‌
Premier
Class:
4/30/24
#
14
.35‌
0
.11‌
2
.79‌
2
.90‌
(
0
.24‌
)
—‌
(
0
.24‌
)
17
.01‌
10/31/23
17
.40‌
0
.24‌
(
0
.98‌
)
(
0
.74‌
)
(
0
.33‌
)
(
1
.98‌
)
(
2
.31‌
)
14
.35‌
10/31/22
21
.18‌
0
.30‌
(
1
.24‌
)
(
0
.94‌
)
(
0
.19‌
)
(
2
.65‌
)
(
2
.84‌
)
17
.40‌
10/31/21
14
.37‌
0
.18‌
6
.90‌
7
.08‌
(
0
.27‌
)
—‌
(
0
.27‌
)
21
.18‌
10/31/20
20
.34‌
0
.21‌
(
2
.46‌
)
(
2
.25‌
)
(
0
.40‌
)
(
3
.32‌
)
(
3
.72‌
)
14
.37‌
10/31/19
22
.24‌
0
.39‌
0
.86‌
1
.25‌
(
0
.36‌
)
(
2
.79‌
)
(
3
.15‌
)
20
.34‌
Class
R6:
4/30/24
#
14
.39‌
0
.12‌
2
.80‌
2
.92‌
(
0
.27‌
)
—‌
(
0
.27‌
)
17
.04‌
10/31/23
17
.45‌
0
.26‌
(
0
.98‌
)
(
0
.72‌
)
(
0
.36‌
)
(
1
.98‌
)
(
2
.34‌
)
14
.39‌
10/31/22
21
.23‌
0
.33‌
(
1
.23‌
)
(
0
.90‌
)
(
0
.23‌
)
(
2
.65‌
)
(
2
.88‌
)
17
.45‌
10/31/21
14
.40‌
0
.21‌
6
.92‌
7
.13‌
(
0
.30‌
)
—‌
(
0
.30‌
)
21
.23‌
10/31/20
20
.40‌
0
.23‌
(
2
.47‌
)
(
2
.24‌
)
(
0
.44‌
)
(
3
.32‌
)
(
3
.76‌
)
14
.40‌
10/31/19
22
.30‌
0
.43‌
0
.87‌
1
.30‌
(
0
.41‌
)
(
2
.79‌
)
(
3
.20‌
)
20
.40‌
Retirement
Class:
4/30/24
#
14
.23‌
0
.10‌
2
.78‌
2
.88‌
(
0
.23‌
)
—‌
(
0
.23‌
)
16
.88‌
10/31/23
17
.27‌
0
.22‌
(
0
.97‌
)
(
0
.75‌
)
(
0
.31‌
)
(
1
.98‌
)
(
2
.29‌
)
14
.23‌
10/31/22
21
.04‌
0
.28‌
(
1
.22‌
)
(
0
.94‌
)
(
0
.18‌
)
(
2
.65‌
)
(
2
.83‌
)
17
.27‌
10/31/21
14
.28‌
0
.16‌
6
.86‌
7
.02‌
(
0
.26‌
)
—‌
(
0
.26‌
)
21
.04‌
10/31/20
20
.24‌
0
.20‌
(
2
.45‌
)
(
2
.25‌
)
(
0
.39‌
)
(
3
.32‌
)
(
3
.71‌
)
14
.28‌
10/31/19
22
.14‌
0
.38‌
0
.85‌
1
.23‌
(
0
.34‌
)
(
2
.79‌
)
(
3
.13‌
)
20
.24‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
g
During
the
year
ended
10/31/23,
0.06%,
0.06%,
0.08%,
0.06%
and
0.06%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
129
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
20
.26‌
%
$
193,269‌
0
.77‌
%
c
0
.76‌
%
c
1
.17‌
%
c
32‌
%
(
5
.12‌
)
g
170,959‌
0
.77‌
0
.75‌
1
.39‌
78‌
(
5
.50‌
)
196,682‌
0
.76‌
0
.70‌
1
.57‌
80‌
49
.65‌
224,262‌
0
.76‌
0
.75‌
0
.80‌
80‌
(
14
.37‌
)
168,504‌
0
.78‌
0
.76‌
1
.21‌
143‌
6
.96‌
230,989‌
0
.74‌
0
.70‌
1
.89‌
81‌
20
.42‌
308‌
0
.58‌
c
0
.58‌
c
1
.47‌
c
32‌
(
4
.96‌
)
g
387‌
0
.56‌
0
.56‌
1
.59‌
78‌
(
5
.39‌
)
465‌
0
.54‌
0
.54‌
1
.70‌
80‌
49
.96‌
416‌
0
.54‌
0
.54‌
1
.05‌
80‌
(
14
.17‌
)
446‌
0
.55‌
0
.53‌
1
.45‌
143‌
7
.18‌
879‌
0
.54‌
0
.49‌
2
.22‌
81‌
20
.33‌
34,375‌
0
.61‌
c
0
.61‌
c
1
.30‌
c
32‌
(
4
.98‌
)
g
25,087‌
0
.61‌
0
.61‌
1
.56‌
78‌
(
5
.46‌
)
53,551‌
0
.60‌
0
.60‌
1
.65‌
80‌
49
.84‌
73,331‌
0
.60‌
0
.59‌
0
.95‌
80‌
(
14
.20‌
)
68,187‌
0
.61‌
0
.58‌
1
.36‌
143‌
7
.11‌
124,254‌
0
.59‌
0
.55‌
1
.98‌
81‌
20
.44‌
1,048,867‌
0
.46‌
c
0
.46‌
c
1
.47‌
c
32‌
(
4
.86‌
)
g
932,572‌
0
.46‌
0
.46‌
1
.69‌
78‌
(
5
.28‌
)
1,089,731‌
0
.45‌
0
.45‌
1
.83‌
80‌
50
.13‌
1,291,813‌
0
.45‌
0
.44‌
1
.11‌
80‌
(
14
.12‌
)
1,045,293‌
0
.46‌
0
.43‌
1
.47‌
143‌
7
.32‌
1,881,808‌
0
.44‌
0
.40‌
2
.17‌
81‌
20
.35‌
412,499‌
0
.71‌
c
0
.71‌
c
1
.23‌
c
32‌
(
5
.08‌
)
g
385,334‌
0
.71‌
0
.71‌
1
.43‌
78‌
(
5
.54‌
)
468,267‌
0
.70‌
0
.70‌
1
.56‌
80‌
49
.70‌
589,412‌
0
.70‌
0
.69‌
0
.86‌
80‌
(
14
.29‌
)
413,497‌
0
.71‌
0
.68‌
1
.29‌
143‌
7
.01‌
590,795‌
0
.69‌
0
.65‌
1
.92‌
81‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
130
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.6
Quant
Small
Cap
Equity
Class
A:
4/30/24
#
$
13
.97‌
$
0
.04‌
$
2
.93‌
$
2
.97‌
$
(
0
.14‌
)
$
(
0
.18‌
)
$
(
0
.32‌
)
$
16
.62‌
10/31/23
15
.76‌
0
.12‌
(
0
.97‌
)
(
0
.85‌
)
(
0
.11‌
)
(
0
.83‌
)
(
0
.94‌
)
13
.97‌
10/31/22
22
.12‌
0
.10‌
(
2
.49‌
)
(
2
.39‌
)
(
0
.06‌
)
(
3
.91‌
)
(
3
.97‌
)
15
.76‌
10/31/21
13
.75‌
0
.04‌
8
.41‌
8
.45‌
(
0
.08‌
)
—‌
(
0
.08‌
)
22
.12‌
10/31/20
15
.87‌
0
.05‌
(
1
.32‌
)
(
1
.27‌
)
(
0
.13‌
)
(
0
.72‌
)
(
0
.85‌
)
13
.75‌
10/31/19
18
.08‌
0
.12‌
0
.50‌
0
.62‌
(
0
.08‌
)
(
2
.75‌
)
(
2
.83‌
)
15
.87‌
Class
I:
4/30/24
#
14
.83‌
0
.06‌
3
.11‌
3
.17‌
(
0
.17‌
)
(
0
.18‌
)
(
0
.35‌
)
17
.65‌
10/31/23
16
.67‌
0
.16‌
(
1
.02‌
)
(
0
.86‌
)
(
0
.15‌
)
(
0
.83‌
)
(
0
.98‌
)
14
.83‌
10/31/22
23
.17‌
0
.14‌
(
2
.62‌
)
(
2
.48‌
)
(
0
.11‌
)
(
3
.91‌
)
(
4
.02‌
)
16
.67‌
10/31/21
14
.39‌
0
.08‌
8
.80‌
8
.88‌
(
0
.10‌
)
—‌
(
0
.10‌
)
23
.17‌
10/31/20
16
.56‌
0
.08‌
(
1
.38‌
)
(
1
.30‌
)
(
0
.15‌
)
(
0
.72‌
)
(
0
.87‌
)
14
.39‌
10/31/19
18
.75‌
0
.15‌
0
.53‌
0
.68‌
(
0
.12‌
)
(
2
.75‌
)
(
2
.87‌
)
16
.56‌
Premier
Class:
4/30/24
#
14
.71‌
0
.06‌
3
.08‌
3
.14‌
(
0
.15‌
)
(
0
.18‌
)
(
0
.33‌
)
17
.52‌
10/31/23
16
.54‌
0
.15‌
(
1
.02‌
)
(
0
.87‌
)
(
0
.13‌
)
(
0
.83‌
)
(
0
.96‌
)
14
.71‌
10/31/22
23
.01‌
0
.12‌
(
2
.60‌
)
(
2
.48‌
)
(
0
.08‌
)
(
3
.91‌
)
(
3
.99‌
)
16
.54‌
10/31/21
14
.30‌
0
.07‌
8
.73‌
8
.80‌
(
0
.09‌
)
—‌
(
0
.09‌
)
23
.01‌
10/31/20
16
.47‌
0
.07‌
(
1
.37‌
)
(
1
.30‌
)
(
0
.15‌
)
(
0
.72‌
)
(
0
.87‌
)
14
.30‌
10/31/19
18
.64‌
0
.14‌
0
.54‌
0
.68‌
(
0
.10‌
)
(
2
.75‌
)
(
2
.85‌
)
16
.47‌
Class
R6:
4/30/24
#
14
.84‌
0
.07‌
3
.12‌
3
.19‌
(
0
.19‌
)
(
0
.18‌
)
(
0
.37‌
)
17
.66‌
10/31/23
16
.68‌
0
.17‌
(
1
.02‌
)
(
0
.85‌
)
(
0
.16‌
)
(
0
.83‌
)
(
0
.99‌
)
14
.84‌
10/31/22
23
.18‌
0
.15‌
(
2
.62‌
)
(
2
.47‌
)
(
0
.12‌
)
(
3
.91‌
)
(
4
.03‌
)
16
.68‌
10/31/21
14
.40‌
0
.10‌
8
.80‌
8
.90‌
(
0
.12‌
)
—‌
(
0
.12‌
)
23
.18‌
10/31/20
16
.59‌
0
.09‌
(
1
.38‌
)
(
1
.29‌
)
(
0
.18‌
)
(
0
.72‌
)
(
0
.90‌
)
14
.40‌
10/31/19
18
.77‌
0
.16‌
0
.55‌
0
.71‌
(
0
.14‌
)
(
2
.75‌
)
(
2
.89‌
)
16
.59‌
Retirement
Class:
4/30/24
#
14
.23‌
0
.05‌
2
.99‌
3
.04‌
(
0
.15‌
)
(
0
.18‌
)
(
0
.33‌
)
16
.94‌
10/31/23
16
.03‌
0
.13‌
(
0
.99‌
)
(
0
.86‌
)
(
0
.11‌
)
(
0
.83‌
)
(
0
.94‌
)
14
.23‌
10/31/22
22
.43‌
0
.10‌
(
2
.53‌
)
(
2
.43‌
)
(
0
.06‌
)
(
3
.91‌
)
(
3
.97‌
)
16
.03‌
10/31/21
13
.94‌
0
.04‌
8
.53‌
8
.57‌
(
0
.08‌
)
—‌
(
0
.08‌
)
22
.43‌
10/31/20
16
.08‌
0
.06‌
(
1
.35‌
)
(
1
.29‌
)
(
0
.13‌
)
(
0
.72‌
)
(
0
.85‌
)
13
.94‌
10/31/19
18
.27‌
0
.12‌
0
.52‌
0
.64‌
(
0
.08‌
)
(
2
.75‌
)
(
2
.83‌
)
16
.08‌
Class
W:
4/30/24
#
14
.87‌
0
.11‌
3
.10‌
3
.21‌
(
0
.26‌
)
(
0
.18‌
)
(
0
.44‌
)
17
.64‌
10/31/23
16
.72‌
0
.24‌
(
1
.03‌
)
(
0
.79‌
)
(
0
.23‌
)
(
0
.83‌
)
(
1
.06‌
)
14
.87‌
10/31/22
23
.25‌
0
.22‌
(
2
.62‌
)
(
2
.40‌
)
(
0
.22‌
)
(
3
.91‌
)
(
4
.13‌
)
16
.72‌
10/31/21
14
.43‌
0
.19‌
8
.81‌
9
.00‌
(
0
.18‌
)
—‌
(
0
.18‌
)
23
.25‌
10/31/20
16
.64‌
0
.14‌
(
1
.37‌
)
(
1
.23‌
)
(
0
.26‌
)
(
0
.72‌
)
(
0
.98‌
)
14
.43‌
10/31/19
18
.77‌
0
.23‌
0
.55‌
0
.78‌
(
0
.16‌
)
(
2
.75‌
)
(
2
.91‌
)
16
.64‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
131
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
21
.44‌
%
$
139,154‌
0
.71‌
%
c
0
.71‌
%
c
0
.53‌
%
c
30‌
%
(
5
.63‌
)
117,417‌
0
.72‌
0
.72‌
0
.77‌
75‌
(
12
.67‌
)
129,747‌
0
.72‌
0
.69‌
0
.60‌
74‌
61
.59‌
157,995‌
0
.72‌
0
.69‌
0
.18‌
64‌
f
(
8
.61‌
)
100,998‌
0
.74‌
0
.67‌
0
.38‌
93‌
5
.06‌
127,462‌
0
.72‌
0
.65‌
0
.74‌
98‌
21
.59‌
870‌
0
.49‌
c
0
.49‌
c
0
.75‌
c
30‌
(
5
.41‌
)
775‌
0
.49‌
0
.49‌
1
.02‌
75‌
(
12
.48‌
)
1,006‌
0
.48‌
0
.48‌
0
.81‌
74‌
61
.95‌
781‌
0
.48‌
0
.47‌
0
.40‌
64‌
f
(
8
.46‌
)
464‌
0
.50‌
0
.48‌
0
.58‌
93‌
5
.25‌
757‌
0
.52‌
0
.50‌
0
.89‌
98‌
21
.56‌
44,535‌
0
.57‌
c
0
.57‌
c
0
.65‌
c
30‌
(
5
.49‌
)
27,100‌
0
.57‌
0
.57‌
0
.94‌
75‌
(
12
.58‌
)
59,270‌
0
.57‌
0
.57‌
0
.72‌
74‌
61
.90‌
80,889‌
0
.56‌
0
.56‌
0
.31‌
64‌
f
(
8
.57‌
)
65,169‌
0
.58‌
0
.55‌
0
.49‌
93‌
5
.28‌
114,749‌
0
.57‌
0
.54‌
0
.85‌
98‌
21
.67‌
1,881,728‌
0
.41‌
c
0
.41‌
c
0
.82‌
c
30‌
(
5
.35‌
)
1,466,752‌
0
.42‌
0
.42‌
1
.07‌
75‌
(
12
.42‌
)
1,557,567‌
0
.42‌
0
.42‌
0
.87‌
74‌
62
.02‌
1,554,570‌
0
.41‌
0
.41‌
0
.49‌
64‌
f
(
8
.35‌
)
1,150,062‌
0
.43‌
0
.40‌
0
.65‌
93‌
5
.34‌
1,482,549‌
0
.42‌
0
.39‌
1
.01‌
98‌
21
.53‌
450,338‌
0
.67‌
c
0
.67‌
c
0
.56‌
c
30‌
(
5
.58‌
)
336,799‌
0
.67‌
0
.67‌
0
.82‌
75‌
(
12
.65‌
)
368,657‌
0
.67‌
0
.67‌
0
.61‌
74‌
61
.64‌
451,648‌
0
.66‌
0
.66‌
0
.22‌
64‌
f
(
8
.61‌
)
328,265‌
0
.68‌
0
.65‌
0
.40‌
93‌
5
.14‌
440,064‌
0
.67‌
0
.64‌
0
.76‌
98‌
21
.83‌
510,488‌
0
.41‌
c
0.00‌
c
1
.25‌
c
30‌
(
4
.91‌
)
464,497‌
0
.42‌
0.00‌
1
.50‌
75‌
(
12
.05‌
)
616,706‌
0
.42‌
0.00‌
1
.29‌
74‌
62
.73‌
830,786‌
0
.41‌
0.00‌
0
.88‌
64‌
f
(
8
.01‌
)
679,638‌
0
.42‌
0.00‌
0
.98‌
93‌
5
.78‌
778,275‌
0
.42‌
0.00‌
1
.40‌
98‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
132
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.7
Quant
Small/Mid
Cap
Equity
Class
A:
4/30/24
#
$
11
.78‌
$
0
.04‌
$
2
.69‌
$
2
.73‌
$
(
0
.10‌
)
$
(
0
.21‌
)
$
(
0
.31‌
)
$
14
.20‌
10/31/23
12
.87‌
0
.08‌
(
0
.29‌
)
(
0
.21‌
)
(
0
.07‌
)
(
0
.81‌
)
(
0
.88‌
)
11
.78‌
10/31/22
18
.12‌
0
.10‌
(
2
.24‌
)
(
2
.14‌
)
(
0
.13‌
)
(
2
.98‌
)
(
3
.11‌
)
12
.87‌
10/31/21
11
.36‌
0
.05‌
6
.92‌
6
.97‌
(
0
.06‌
)
(
0
.15‌
)
(
0
.21‌
)
18
.12‌
10/31/20
12
.21‌
0
.06‌
(
0
.23‌
)
(
0
.17‌
)
(
0
.07‌
)
(
0
.61‌
)
(
0
.68‌
)
11
.36‌
10/31/19
12
.37‌
0
.07‌
1
.06‌
1
.13‌
(
0
.06‌
)
(
1
.23‌
)
(
1
.29‌
)
12
.21‌
Class
I:
4/30/24
#
11
.90‌
0
.05‌
2
.73‌
2
.78‌
(
0
.13‌
)
(
0
.21‌
)
(
0
.34‌
)
14
.34‌
10/31/23
13
.00‌
0
.10‌
(
0
.29‌
)
(
0
.19‌
)
(
0
.10‌
)
(
0
.81‌
)
(
0
.91‌
)
11
.90‌
10/31/22
18
.28‌
0
.12‌
(
2
.25‌
)
(
2
.13‌
)
(
0
.17‌
)
(
2
.98‌
)
(
3
.15‌
)
13
.00‌
10/31/21
11
.45‌
0
.10‌
6
.97‌
7
.07‌
(
0
.09‌
)
(
0
.15‌
)
(
0
.24‌
)
18
.28‌
10/31/20
12
.31‌
0
.08‌
(
0
.23‌
)
(
0
.15‌
)
(
0
.10‌
)
(
0
.61‌
)
(
0
.71‌
)
11
.45‌
10/31/19
12
.44‌
0
.11‌
1
.08‌
1
.19‌
(
0
.09‌
)
(
1
.23‌
)
(
1
.32‌
)
12
.31‌
Premier
Class:
4/30/24
#
11
.97‌
0
.05‌
2
.73‌
2
.78‌
(
0
.11‌
)
(
0
.21‌
)
(
0
.32‌
)
14
.43‌
10/31/23
13
.06‌
0
.10‌
(
0
.30‌
)
(
0
.20‌
)
(
0
.08‌
)
(
0
.81‌
)
(
0
.89‌
)
11
.97‌
10/31/22
18
.35‌
0
.13‌
(
2
.28‌
)
(
2
.15‌
)
(
0
.16‌
)
(
2
.98‌
)
(
3
.14‌
)
13
.06‌
10/31/21
11
.49‌
0
.09‌
7
.00‌
7
.09‌
(
0
.08‌
)
(
0
.15‌
)
(
0
.23‌
)
18
.35‌
10/31/20
12
.27‌
0
.08‌
(
0
.24‌
)
(
0
.16‌
)
(
0
.01‌
)
(
0
.61‌
)
(
0
.62‌
)
11
.49‌
10/31/19
12
.41‌
0
.09‌
1
.08‌
1
.17‌
(
0
.08‌
)
(
1
.23‌
)
(
1
.31‌
)
12
.27‌
Class
R6:
4/30/24
#
11
.89‌
0
.06‌
2
.72‌
2
.78‌
(
0
.14‌
)
(
0
.21‌
)
(
0
.35‌
)
14
.32‌
10/31/23
12
.98‌
0
.12‌
(
0
.29‌
)
(
0
.17‌
)
(
0
.11‌
)
(
0
.81‌
)
(
0
.92‌
)
11
.89‌
10/31/22
18
.26‌
0
.15‌
(
2
.26‌
)
(
2
.11‌
)
(
0
.19‌
)
(
2
.98‌
)
(
3
.17‌
)
12
.98‌
10/31/21
11
.43‌
0
.12‌
6
.96‌
7
.08‌
(
0
.10‌
)
(
0
.15‌
)
(
0
.25‌
)
18
.26‌
10/31/20
12
.29‌
0
.10‌
(
0
.24‌
)
(
0
.14‌
)
(
0
.11‌
)
(
0
.61‌
)
(
0
.72‌
)
11
.43‌
10/31/19
12
.43‌
0
.11‌
1
.08‌
1
.19‌
(
0
.10‌
)
(
1
.23‌
)
(
1
.33‌
)
12
.29‌
Retirement
Class:
4/30/24
#
11
.79‌
0
.04‌
2
.70‌
2
.74‌
(
0
.11‌
)
(
0
.21‌
)
(
0
.32‌
)
14
.21‌
10/31/23
12
.89‌
0
.09‌
(
0
.29‌
)
(
0
.20‌
)
(
0
.09‌
)
(
0
.81‌
)
(
0
.90‌
)
11
.79‌
10/31/22
18
.16‌
0
.11‌
(
2
.25‌
)
(
2
.14‌
)
(
0
.15‌
)
(
2
.98‌
)
(
3
.13‌
)
12
.89‌
10/31/21
11
.38‌
0
.08‌
6
.93‌
7
.01‌
(
0
.08‌
)
(
0
.15‌
)
(
0
.23‌
)
18
.16‌
10/31/20
12
.24‌
0
.07‌
(
0
.24‌
)
(
0
.17‌
)
(
0
.08‌
)
(
0
.61‌
)
(
0
.69‌
)
11
.38‌
10/31/19
12
.39‌
0
.08‌
1
.07‌
1
.15‌
(
0
.07‌
)
(
1
.23‌
)
(
1
.30‌
)
12
.24‌
Class
W:
4/30/24
#
11
.94‌
0
.09‌
2
.72‌
2
.81‌
(
0
.20‌
)
(
0
.21‌
)
(
0
.41‌
)
14
.34‌
10/31/23
13
.05‌
0
.18‌
(
0
.31‌
)
(
0
.13‌
)
(
0
.17‌
)
(
0
.81‌
)
(
0
.98‌
)
11
.94‌
10/31/22
18
.36‌
0
.22‌
(
2
.27‌
)
(
2
.05‌
)
(
0
.28‌
)
(
2
.98‌
)
(
3
.26‌
)
13
.05‌
10/31/21
11
.48‌
0
.19‌
6
.99‌
7
.18‌
(
0
.15‌
)
(
0
.15‌
)
(
0
.30‌
)
18
.36‌
10/31/20
12
.34‌
0
.15‌
(
0
.23‌
)
(
0
.08‌
)
(
0
.17‌
)
(
0
.61‌
)
(
0
.78‌
)
11
.48‌
10/31/19
12
.44‌
0
.17‌
1
.07‌
1
.24‌
(
0
.11‌
)
(
1
.23‌
)
(
1
.34‌
)
12
.34‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
See
Notes
to
Financial
Statements
133
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
23
.43‌
%
$
22,952‌
0
.78‌
%
c
0
.78‌
%
c
0
.56‌
%
c
37‌
%
(
1
.63‌
)
18,878‌
0
.79‌
0
.79‌
0
.64‌
86‌
(
13
.97‌
)
17,929‌
0
.81‌
0
.78‌
0
.75‌
90‌
62
.02‌
17,683‌
0
.87‌
0
.87‌
0
.32‌
85‌
(
1
.76‌
)
6,757‌
0
.89‌
0
.89‌
0
.51‌
88‌
10
.67‌
5,765‌
0
.88‌
0
.88‌
0
.59‌
81‌
23
.62‌
62,897‌
0
.58‌
c
0
.58‌
c
0
.67‌
c
37‌
(
1
.48‌
)
28,399‌
0
.59‌
0
.59‌
0
.83‌
86‌
(
13
.81‌
)
14,375‌
0
.60‌
0
.60‌
0
.91‌
90‌
62
.57‌
9,481‌
0
.59‌
0
.59‌
0
.57‌
85‌
(
1
.55‌
)
1,702‌
0
.58‌
0
.58‌
0
.72‌
88‌
11
.18‌
244‌
0
.54‌
0
.54‌
0
.94‌
81‌
23
.56‌
144‌
0
.64‌
c
0
.64‌
c
0
.70‌
c
37‌
(
1
.51‌
)
120‌
0
.64‌
0
.64‌
0
.80‌
86‌
(
13
.86‌
)
131‌
0
.64‌
0
.64‌
0
.92‌
90‌
62
.45‌
254‌
0
.66‌
0
.66‌
0
.54‌
85‌
(
1
.61‌
)
115‌
0
.68‌
0
.68‌
0
.71‌
88‌
11
.04‌
123‌
0
.66‌
0
.66‌
0
.80‌
81‌
23
.66‌
112,519‌
0
.47‌
c
0
.47‌
c
0
.83‌
c
37‌
(
1
.30‌
)
76,784‌
0
.47‌
0
.47‌
0
.95‌
86‌
(
13
.73‌
)
67,645‌
0
.48‌
0
.48‌
1
.08‌
90‌
62
.76‌
63,132‌
0
.47‌
0
.47‌
0
.73‌
85‌
(
1
.48‌
)
41,061‌
0
.50‌
0
.50‌
0
.88‌
88‌
11
.20‌
43,317‌
0
.50‌
0
.50‌
0
.95‌
81‌
23
.50‌
453,840‌
0
.71‌
c
0
.71‌
c
0
.60‌
c
37‌
(
1
.57‌
)
322,111‌
0
.72‌
0
.72‌
0
.72‌
86‌
(
13
.93‌
)
258,943‌
0
.73‌
0
.73‌
0
.80‌
90‌
62
.34‌
91,997‌
0
.72‌
0
.72‌
0
.48‌
85‌
(
1
.70‌
)
21,008‌
0
.75‌
0
.75‌
0
.61‌
88‌
10
.89‌
11,950‌
0
.75‌
0
.75‌
0
.71‌
81‌
23
.93‌
615,899‌
0
.46‌
c
0.00‌
c
1
.35‌
c
37‌
(
0
.93‌
)
559,246‌
0
.47‌
0.00‌
1
.44‌
86‌
(
13
.30‌
)
875,424‌
0
.48‌
0.00‌
1
.55‌
90‌
63
.50‌
972,344‌
0
.47‌
0.00‌
1
.19‌
85‌
(
0
.97‌
)
675,231‌
0
.50‌
0.00‌
1
.37‌
88‌
11
.73‌
624,076‌
0
.50‌
0.00‌
1
.46‌
81‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
134
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.8
Large
Cap
Responsible
Equity
Class
A:
4/30/24
#
$
20
.29‌
$
0
.12‌
$
3
.98‌
$
4
.10‌
$
(
0
.35‌
)
$
(
1
.04‌
)
$
(
1
.39‌
)
$
23
.00‌
10/31/23
20
.15‌
0
.28‌
0
.92‌
1
.20‌
(
0
.31‌
)
(
0
.75‌
)
(
1
.06‌
)
20
.29‌
10/31/22
26
.78‌
0
.24‌
(
4
.25‌
)
(
4
.01‌
)
(
0
.26‌
)
(
2
.36‌
)
(
2
.62‌
)
20
.15‌
10/31/21
18
.88‌
0
.21‌
7
.98‌
8
.19‌
(
0
.25‌
)
(
0
.04‌
)
(
0
.29‌
)
26
.78‌
10/31/20
18
.07‌
0
.22‌
1
.55‌
1
.77‌
(
0
.28‌
)
(
0
.68‌
)
(
0
.96‌
)
18
.88‌
10/31/19
17
.40‌
0
.26‌
1
.99‌
2
.25‌
(
0
.26‌
)
(
1
.32‌
)
(
1
.58‌
)
18
.07‌
Class
I:
4/30/24
#
23
.51‌
0
.17‌
4
.62‌
4
.79‌
(
0
.39‌
)
(
1
.04‌
)
(
1
.43‌
)
26
.87‌
10/31/23
23
.17‌
0
.36‌
1
.07‌
1
.43‌
(
0
.34‌
)
(
0
.75‌
)
(
1
.09‌
)
23
.51‌
10/31/22
30
.40‌
0
.32‌
(
4
.88‌
)
(
4
.56‌
)
(
0
.31‌
)
(
2
.36‌
)
(
2
.67‌
)
23
.17‌
10/31/21
21
.39‌
0
.29‌
9
.05‌
9
.34‌
(
0
.29‌
)
(
0
.04‌
)
(
0
.33‌
)
30
.40‌
10/31/20
20
.34‌
0
.29‌
1
.75‌
2
.04‌
(
0
.31‌
)
(
0
.68‌
)
(
0
.99‌
)
21
.39‌
10/31/19
19
.39‌
0
.33‌
2
.24‌
2
.57‌
(
0
.30‌
)
(
1
.32‌
)
(
1
.62‌
)
20
.34‌
Premier
Class:
4/30/24
#
23
.42‌
0
.16‌
4
.61‌
4
.77‌
(
0
.35‌
)
(
1
.04‌
)
(
1
.39‌
)
26
.80‌
10/31/23
23
.08‌
0
.35‌
1
.05‌
1
.40‌
(
0
.31‌
)
(
0
.75‌
)
(
1
.06‌
)
23
.42‌
10/31/22
30
.29‌
0
.29‌
(
4
.86‌
)
(
4
.57‌
)
(
0
.28‌
)
(
2
.36‌
)
(
2
.64‌
)
23
.08‌
10/31/21
21
.32‌
0
.27‌
9
.01‌
9
.28‌
(
0
.27‌
)
(
0
.04‌
)
(
0
.31‌
)
30
.29‌
10/31/20
20
.27‌
0
.28‌
1
.74‌
2
.02‌
(
0
.29‌
)
(
0
.68‌
)
(
0
.97‌
)
21
.32‌
10/31/19
19
.33‌
0
.31‌
2
.23‌
2
.54‌
(
0
.28‌
)
(
1
.32‌
)
(
1
.60‌
)
20
.27‌
Class
R6:
4/30/24
#
23
.54‌
0
.18‌
4
.63‌
4
.81‌
(
0
.41‌
)
(
1
.04‌
)
(
1
.45‌
)
26
.90‌
10/31/23
23
.20‌
0
.39‌
1
.06‌
1
.45‌
(
0
.36‌
)
(
0
.75‌
)
(
1
.11‌
)
23
.54‌
10/31/22
30
.44‌
0
.34‌
(
4
.89‌
)
(
4
.55‌
)
(
0
.33‌
)
(
2
.36‌
)
(
2
.69‌
)
23
.20‌
10/31/21
21
.42‌
0
.31‌
9
.05‌
9
.36‌
(
0
.30‌
)
(
0
.04‌
)
(
0
.34‌
)
30
.44‌
10/31/20
20
.36‌
0
.31‌
1
.76‌
2
.07‌
(
0
.33‌
)
(
0
.68‌
)
(
1
.01‌
)
21
.42‌
10/31/19
19
.40‌
0
.34‌
2
.25‌
2
.59‌
(
0
.31‌
)
(
1
.32‌
)
(
1
.63‌
)
20
.36‌
Retirement
Class:
4/30/24
#
23
.96‌
0
.15‌
4
.72‌
4
.87‌
(
0
.34‌
)
(
1
.04‌
)
(
1
.38‌
)
27
.45‌
10/31/23
23
.59‌
0
.33‌
1
.09‌
1
.42‌
(
0
.30‌
)
(
0
.75‌
)
(
1
.05‌
)
23
.96‌
10/31/22
30
.90‌
0
.28‌
(
4
.97‌
)
(
4
.69‌
)
(
0
.26‌
)
(
2
.36‌
)
(
2
.62‌
)
23
.59‌
10/31/21
21
.75‌
0
.25‌
9
.19‌
9
.44‌
(
0
.25‌
)
(
0
.04‌
)
(
0
.29‌
)
30
.90‌
10/31/20
20
.66‌
0
.26‌
1
.79‌
2
.05‌
(
0
.28‌
)
(
0
.68‌
)
(
0
.96‌
)
21
.75‌
10/31/19
19
.67‌
0
.30‌
2
.27‌
2
.57‌
(
0
.26‌
)
(
1
.32‌
)
(
1
.58‌
)
20
.66‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
See
Notes
to
Financial
Statements
135
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
20
.85‌
%
$
641,810‌
0
.43‌
%
c
0
.42‌
%
c
1
.09‌
%
c
37‌
%
6
.12‌
556,042‌
0
.46‌
0
.43‌
1
.34‌
15‌
(
16
.64‌
)
563,642‌
0
.46‌
0
.41‌
1
.11‌
19‌
43
.78‌
691,931‌
0
.44‌
0
.43‌
0
.88‌
27‌
10
.09‌
468,736‌
0
.46‌
0
.45‌
1
.25‌
26‌
14
.51‌
462,601‌
0
.45‌
0
.45‌
1
.54‌
21‌
20
.93‌
33,379‌
0
.24‌
c
0
.23‌
c
1
.31‌
c
37‌
6
.33‌
44,145‌
0
.27‌
0
.25‌
1
.52‌
15‌
(
16
.51‌
)
40,920‌
0
.27‌
0
.26‌
1
.26‌
19‌
44
.05‌
55,706‌
0
.25‌
0
.25‌
1
.06‌
27‌
10
.34‌
37,323‌
0
.26‌
0
.25‌
1
.43‌
26‌
14
.74‌
22,476‌
0
.24‌
0
.24‌
1
.73‌
21‌
20
.92‌
42,063‌
0
.31‌
c
0
.30‌
c
1
.21‌
c
37‌
6
.22‌
38,800‌
0
.35‌
0
.34‌
1
.47‌
15‌
(
16
.57‌
)
69,976‌
0
.37‌
0
.36‌
1
.15‌
19‌
43
.89‌
112,030‌
0
.33‌
0
.32‌
0
.99‌
27‌
10
.26‌
89,235‌
0
.34‌
0
.33‌
1
.38‌
26‌
14
.62‌
95,411‌
0
.33‌
0
.33‌
1
.66‌
21‌
21
.01‌
4,536,425‌
0
.16‌
c
0
.15‌
c
1
.36‌
c
37‌
6
.42‌
4,068,636‌
0
.18‌
0
.17‌
1
.62‌
15‌
(
16
.45‌
)
4,583,693‌
0
.18‌
0
.17‌
1
.34‌
19‌
44
.13‌
5,751,972‌
0
.17‌
0
.16‌
1
.15‌
27‌
10
.45‌
3,961,520‌
0
.18‌
0
.17‌
1
.52‌
26‌
14
.83‌
3,440,954‌
0
.17‌
0
.17‌
1
.81‌
21‌
20
.88‌
785,942‌
0
.41‌
c
0
.40‌
c
1
.11‌
c
37‌
6
.14‌
723,544‌
0
.43‌
0
.42‌
1
.36‌
15‌
(
16
.65‌
)
805,465‌
0
.43‌
0
.42‌
1
.09‌
19‌
43
.75‌
1,047,445‌
0
.42‌
0
.41‌
0
.90‌
27‌
10
.20‌
767,329‌
0
.43‌
0
.42‌
1
.27‌
26‌
14
.48‌
674,563‌
0
.42‌
0
.42‌
1
.55‌
21‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
136
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
2.9
Social
Choice
Low
Carbon
Equity
Class
A:
4/30/24
#
$
17
.51‌
$
0
.09‌
$
3
.45‌
$
3
.54‌
$
(
0
.21‌
)
$
(
0
.09‌
)
$
(
0
.30‌
)
$
20
.75‌
10/31/23
16
.66‌
0
.19‌
0
.92‌
1
.11‌
(
0
.16‌
)
(
0
.10‌
)
(
0
.26‌
)
17
.51‌
10/31/22
21
.32‌
0
.15‌
(
3
.68‌
)
(
3
.53‌
)
(
0
.12‌
)
(
1
.01‌
)
(
1
.13‌
)
16
.66‌
10/31/21
15
.09‌
0
.13‌
6
.44‌
6
.57‌
(
0
.12‌
)
(
0
.22‌
)
(
0
.34‌
)
21
.32‌
10/31/20
13
.88‌
0
.15‌
1
.41‌
1
.56‌
(
0
.14‌
)
(
0
.21‌
)
(
0
.35‌
)
15
.09‌
10/31/19
12
.72‌
0
.17‌
1
.65‌
1
.82‌
(
0
.15‌
)
(
0
.51‌
)
(
0
.66‌
)
13
.88‌
Class
I:
4/30/24
#
17
.59‌
0
.11‌
3
.45‌
3
.56‌
(
0
.23‌
)
(
0
.09‌
)
(
0
.32‌
)
20
.83‌
10/31/23
16
.73‌
0
.23‌
0
.92‌
1
.15‌
(
0
.19‌
)
(
0
.10‌
)
(
0
.29‌
)
17
.59‌
10/31/22
21
.41‌
0
.18‌
(
3
.70‌
)
(
3
.52‌
)
(
0
.15‌
)
(
1
.01‌
)
(
1
.16‌
)
16
.73‌
10/31/21
15
.14‌
0
.17‌
6
.46‌
6
.63‌
(
0
.14‌
)
(
0
.22‌
)
(
0
.36‌
)
21
.41‌
10/31/20
13
.92‌
0
.19‌
1
.41‌
1
.60‌
(
0
.17‌
)
(
0
.21‌
)
(
0
.38‌
)
15
.14‌
10/31/19
12
.77‌
0
.20‌
1
.64‌
1
.84‌
(
0
.18‌
)
(
0
.51‌
)
(
0
.69‌
)
13
.92‌
Premier
Class:
4/30/24
#
17
.63‌
0
.11‌
3
.46‌
3
.57‌
(
0
.22‌
)
(
0
.09‌
)
(
0
.31‌
)
20
.89‌
10/31/23
16
.77‌
0
.22‌
0
.92‌
1
.14‌
(
0
.18‌
)
(
0
.10‌
)
(
0
.28‌
)
17
.63‌
10/31/22
21
.46‌
0
.18‌
(
3
.72‌
)
(
3
.54‌
)
(
0
.14‌
)
(
1
.01‌
)
(
1
.15‌
)
16
.77‌
10/31/21
15
.18‌
0
.16‌
6
.48‌
6
.64‌
(
0
.14‌
)
(
0
.22‌
)
(
0
.36‌
)
21
.46‌
10/31/20
13
.95‌
0
.18‌
1
.42‌
1
.60‌
(
0
.16‌
)
(
0
.21‌
)
(
0
.37‌
)
15
.18‌
10/31/19
12
.79‌
0
.19‌
1
.65‌
1
.84‌
(
0
.17‌
)
(
0
.51‌
)
(
0
.68‌
)
13
.95‌
Class
R6:
4/30/24
#
17
.62‌
0
.12‌
3
.46‌
3
.58‌
(
0
.26‌
)
(
0
.09‌
)
(
0
.35‌
)
20
.85‌
10/31/23
16
.76‌
0
.25‌
0
.92‌
1
.17‌
(
0
.21‌
)
(
0
.10‌
)
(
0
.31‌
)
17
.62‌
10/31/22
21
.44‌
0
.21‌
(
3
.71‌
)
(
3
.50‌
)
(
0
.17‌
)
(
1
.01‌
)
(
1
.18‌
)
16
.76‌
10/31/21
15
.16‌
0
.19‌
6
.47‌
6
.66‌
(
0
.16‌
)
(
0
.22‌
)
(
0
.38‌
)
21
.44‌
10/31/20
13
.93‌
0
.19‌
1
.43‌
1
.62‌
(
0
.18‌
)
(
0
.21‌
)
(
0
.39‌
)
15
.16‌
10/31/19
12
.77‌
0
.22‌
1
.64‌
1
.86‌
(
0
.19‌
)
(
0
.51‌
)
(
0
.70‌
)
13
.93‌
Retirement
Class:
4/30/24
#
17
.50‌
0
.10‌
3
.43‌
3
.53‌
(
0
.21‌
)
(
0
.09‌
)
(
0
.30‌
)
20
.73‌
10/31/23
16
.65‌
0
.20‌
0
.92‌
1
.12‌
(
0
.17‌
)
(
0
.10‌
)
(
0
.27‌
)
17
.50‌
10/31/22
21
.32‌
0
.16‌
(
3
.69‌
)
(
3
.53‌
)
(
0
.13‌
)
(
1
.01‌
)
(
1
.14‌
)
16
.65‌
10/31/21
15
.09‌
0
.14‌
6
.44‌
6
.58‌
(
0
.13‌
)
(
0
.22‌
)
(
0
.35‌
)
21
.32‌
10/31/20
13
.87‌
0
.16‌
1
.42‌
1
.58‌
(
0
.15‌
)
(
0
.21‌
)
(
0
.36‌
)
15
.09‌
10/31/19
12
.72‌
0
.18‌
1
.64‌
1
.82‌
(
0
.16‌
)
(
0
.51‌
)
(
0
.67‌
)
13
.87‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
See
Notes
to
Financial
Statements
137
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
20
.32‌
%
$
67,208‌
0
.56‌
%
c
0
.54‌
%
c
0
.91‌
%
c
11‌
%
6
.72‌
58,798‌
0
.58‌
0
.58‌
1
.10‌
26‌
(
17
.51‌
)
53,878‌
0
.60‌
0
.58‌
0
.86‌
28‌
44
.09‌
62,509‌
0
.62‌
0
.62‌
0
.68‌
26‌
11
.47‌
22,606‌
0
.66‌
0
.63‌
1
.09‌
27‌
15
.21‌
15,561‌
0
.73‌
0
.64‌
1
.36‌
27‌
20
.40‌
4,919‌
0
.37‌
c
0
.35‌
c
1
.10‌
c
11‌
6
.92‌
4,801‌
0
.40‌
0
.39‌
1
.31‌
26‌
(
17
.39‌
)
8,364‌
0
.42‌
0
.42‌
1
.02‌
28‌
44
.44‌
6,920‌
0
.43‌
0
.43‌
0
.87‌
26‌
11
.72‌
1,517‌
0
.45‌
0
.42‌
1
.31‌
27‌
15
.33‌
1,132‌
0
.52‌
0
.43‌
1
.52‌
27‌
20
.41‌
5,193‌
0
.42‌
c
0
.41‌
c
1
.06‌
c
11‌
6
.88‌
5,380‌
0
.45‌
0
.44‌
1
.25‌
26‌
(
17
.44‌
)
6,136‌
0
.46‌
0
.46‌
0
.98‌
28‌
44
.36‌
6,335‌
0
.46‌
0
.46‌
0
.85‌
26‌
11
.72‌
3,253‌
0
.50‌
0
.47‌
1
.27‌
27‌
15
.33‌
2,171‌
0
.56‌
0
.47‌
1
.50‌
27‌
20
.46‌
478,563‌
0
.27‌
c
0
.26‌
c
1
.20‌
c
11‌
7
.04‌
454,299‌
0
.30‌
0
.29‌
1
.39‌
26‌
(
17
.30‌
)
473,329‌
0
.31‌
0
.31‌
1
.14‌
28‌
44
.55‌
452,025‌
0
.31‌
0
.31‌
1
.00‌
26‌
11
.88‌
211,659‌
0
.35‌
0
.32‌
1
.36‌
27‌
15
.52‌
89,166‌
0
.41‌
0
.32‌
1
.67‌
27‌
20
.31‌
593,836‌
0
.52‌
c
0
.51‌
c
0
.96‌
c
11‌
6
.77‌
585,695‌
0
.55‌
0
.54‌
1
.14‌
26‌
(
17
.52‌
)
530,048‌
0
.56‌
0
.56‌
0
.88‌
28‌
44
.19‌
530,497‌
0
.56‌
0
.56‌
0
.74‌
26‌
11
.65‌
202,084‌
0
.60‌
0
.57‌
1
.14‌
27‌
15
.21‌
118,956‌
0
.66‌
0
.57‌
1
.38‌
27‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
138
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
3.01
Emerging
Markets
Equity
Class
A:
4/30/24
#
$
7
.26‌
$
0
.03‌
$
0
.88‌
$
0
.91‌
$
(
0
.23‌
)
$
—‌
$
(
0
.23‌
)
$
7
.94‌
10/31/23
6
.44‌
0
.06‌
0
.76‌
0
.82‌
—‌
—‌
—‌
7
.26‌
10/31/22
11
.72‌
0
.11‌
(
3
.23‌
)
(
3
.12‌
)
(
0
.37‌
)
(
1
.79‌
)
(
2
.16‌
)
6
.44‌
10/31/21
12
.49‌
0
.03‌
0
.36‌
0
.39‌
(
0
.05‌
)
(
1
.11‌
)
(
1
.16‌
)
11
.72‌
10/31/20
11
.51‌
0
.02‌
1
.10‌
1
.12‌
(
0
.14‌
)
—‌
(
0
.14‌
)
12
.49‌
10/31/19
10
.00‌
0
.14‌
1
.76‌
1
.90‌
(
0
.00‌
)
d
(
0
.39‌
)
(
0
.39‌
)
11
.51‌
Class
I:
4/30/24
#
7
.30‌
0
.05‌
0
.87‌
0
.92‌
(
0
.25‌
)
—‌
(
0
.25‌
)
7
.97‌
10/31/23
6
.46‌
0
.06‌
0
.78‌
0
.84‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
7
.30‌
10/31/22
11
.77‌
0
.11‌
(
3
.21‌
)
(
3
.10‌
)
(
0
.42‌
)
(
1
.79‌
)
(
2
.21‌
)
6
.46‌
10/31/21
12
.52‌
0
.07‌
0
.37‌
0
.44‌
(
0
.08‌
)
(
1
.11‌
)
(
1
.19‌
)
11
.77‌
10/31/20
11
.54‌
0
.04‌
1
.11‌
1
.15‌
(
0
.17‌
)
—‌
(
0
.17‌
)
12
.52‌
10/31/19
10
.05‌
0
.17‌
1
.76‌
1
.93‌
(
0
.05‌
)
(
0
.39‌
)
(
0
.44‌
)
11
.54‌
Premier
Class:
4/30/24
#
7
.30‌
0
.04‌
0
.89‌
0
.93‌
(
0
.25‌
)
—‌
(
0
.25‌
)
7
.98‌
10/31/23
6
.46‌
0
.05‌
0
.79‌
0
.84‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
7
.30‌
10/31/22
11
.78‌
0
.14‌
(
3
.25‌
)
(
3
.11‌
)
(
0
.42‌
)
(
1
.79‌
)
(
2
.21‌
)
6
.46‌
10/31/21
12
.53‌
0
.07‌
0
.38‌
0
.45‌
(
0
.09‌
)
(
1
.11‌
)
(
1
.20‌
)
11
.78‌
10/31/20
11
.55‌
0
.05‌
1
.09‌
1
.14‌
(
0
.16‌
)
—‌
(
0
.16‌
)
12
.53‌
10/31/19
10
.04‌
0
.17‌
1
.77‌
1
.94‌
(
0
.04‌
)
(
0
.39‌
)
(
0
.43‌
)
11
.55‌
Class
R6:
4/30/24
#
7
.30‌
0
.05‌
0
.88‌
0
.93‌
(
0
.26‌
)
—‌
(
0
.26‌
)
7
.97‌
10/31/23
6
.46‌
0
.09‌
0
.75‌
0
.84‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
7
.30‌
10/31/22
11
.77‌
0
.14‌
(
3
.23‌
)
(
3
.09‌
)
(
0
.43‌
)
(
1
.79‌
)
(
2
.22‌
)
6
.46‌
10/31/21
12
.53‌
0
.08‌
0
.37‌
0
.45‌
(
0
.10‌
)
(
1
.11‌
)
(
1
.21‌
)
11
.77‌
10/31/20
11
.54‌
0
.07‌
1
.10‌
1
.17‌
(
0
.18‌
)
—‌
(
0
.18‌
)
12
.53‌
10/31/19
10
.05‌
0
.18‌
1
.75‌
1
.93‌
(
0
.05‌
)
(
0
.39‌
)
(
0
.44‌
)
11
.54‌
Retirement
Class:
4/30/24
#
7
.26‌
0
.04‌
0
.86‌
0
.90‌
(
0
.24‌
)
—‌
(
0
.24‌
)
7
.92‌
10/31/23
6
.42‌
0
.07‌
0
.77‌
0
.84‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
7
.26‌
10/31/22
11
.72‌
0
.14‌
(
3
.23‌
)
(
3
.09‌
)
(
0
.42‌
)
(
1
.79‌
)
(
2
.21‌
)
6
.42‌
10/31/21
12
.48‌
0
.07‌
0
.37‌
0
.44‌
(
0
.09‌
)
(
1
.11‌
)
(
1
.20‌
)
11
.72‌
10/31/20
11
.49‌
0
.05‌
1
.10‌
1
.15‌
(
0
.16‌
)
—‌
(
0
.16‌
)
12
.48‌
10/31/19
10
.00‌
0
.17‌
1
.74‌
1
.91‌
(
0
.03‌
)
(
0
.39‌
)
(
0
.42‌
)
11
.49‌
Class
W:
4/30/24
#
7
.36‌
0
.08‌
0
.89‌
0
.97‌
(
0
.33‌
)
—‌
(
0
.33‌
)
8
.00‌
10/31/23
6
.50‌
0
.15‌
0
.77‌
0
.92‌
(
0
.06‌
)
—‌
(
0
.06‌
)
7
.36‌
10/31/22
11
.85‌
0
.21‌
(
3
.25‌
)
(
3
.04‌
)
(
0
.52‌
)
(
1
.79‌
)
(
2
.31‌
)
6
.50‌
10/31/21
12
.62‌
0
.21‌
0
.37‌
0
.58‌
(
0
.24‌
)
(
1
.11‌
)
(
1
.35‌
)
11
.85‌
10/31/20
11
.63‌
0
.17‌
1
.10‌
1
.27‌
(
0
.28‌
)
—‌
(
0
.28‌
)
12
.62‌
10/31/19
10
.06‌
0
.28‌
1
.76‌
2
.04‌
(
0
.08‌
)
(
0
.39‌
)
(
0
.47‌
)
11
.63‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
g
During
the
year
ended
10/31/23,
0.05%,
0.05%,
0.06%,
0.05%,
0.05%
and
0.05%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
139
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
12
.69‌
%
$
7,035‌
1
.27‌
%
c
1
.27‌
%
c
0
.88‌
%
c
46‌
%
12
.73‌
g
6,608‌
1
.27‌
1
.26‌
0
.73‌
67‌
(
31
.97‌
)
6,239‌
1
.30‌
1
.24‌
1
.32‌
108‌
2
.00‌
9,842‌
1
.31‌
1
.31‌
0
.19‌
112‌
9
.68‌
8,500‌
1
.27‌
1
.27‌
0
.17‌
128‌
19
.64‌
9,348‌
1
.27‌
1
.27‌
1
.28‌
129‌
12
.81‌
111‌
0
.97‌
c
0
.97‌
c
1
.17‌
c
46‌
13
.03‌
g
102‌
0
.98‌
0
.98‌
0
.78‌
67‌
(
31
.77‌
)
180‌
0
.94‌
0
.94‌
1
.34‌
108‌
2
.28‌
171‌
0
.97‌
0
.97‌
0
.51‌
112‌
10
.06‌
179‌
0
.95‌
0
.95‌
0
.31‌
128‌
20
.11‌
236‌
0
.97‌
0
.97‌
1
.59‌
129‌
12
.83‌
5,354‌
1
.06‌
c
1
.06‌
c
1
.10‌
c
46‌
13
.02‌
g
4,595‌
1
.05‌
1
.01‌
0
.69‌
67‌
(
31
.77‌
)
7,296‌
1
.05‌
0
.96‌
1
.61‌
108‌
2
.27‌
10,994‌
1
.03‌
0
.98‌
0
.54‌
112‌
9
.99‌
9,112‌
1
.03‌
0
.99‌
0
.46‌
128‌
19
.99‌
7,700‌
1
.05‌
1
.02‌
1
.54‌
129‌
12
.90‌
206,475‌
0
.90‌
c
0
.90‌
c
1
.24‌
c
46‌
13
.06‌
g
196,897‌
0
.90‌
0
.90‌
1
.12‌
67‌
(
31
.68‌
)
187,605‌
0
.90‌
0
.90‌
1
.66‌
108‌
2
.44‌
295,907‌
0
.88‌
0
.88‌
0
.61‌
112‌
10
.04‌
283,658‌
0
.88‌
0
.88‌
0
.58‌
128‌
20
.10‌
255,775‌
0
.90‌
0
.90‌
1
.66‌
129‌
12
.72‌
60,246‌
1
.15‌
c
1
.15‌
c
0
.98‌
c
46‌
13
.10‌
g
61,572‌
1
.15‌
1
.07‌
0
.90‌
67‌
(
31
.85‌
)
62,446‌
1
.15‌
0
.96‌
1
.64‌
108‌
2
.36‌
103,033‌
1
.12‌
0
.98‌
0
.49‌
112‌
9
.94‌
118,191‌
1
.13‌
0
.99‌
0
.44‌
128‌
19
.96‌
137,434‌
1
.15‌
1
.04‌
1
.58‌
129‌
13
.41‌
1,418,580‌
0
.90‌
c
0.00‌
c
2
.15‌
c
46‌
14
.20‌
g
1,267,687‌
0
.90‌
0.00‌
1
.96‌
67‌
(
31
.16‌
)
1,308,083‌
0
.90‌
0.00‌
2
.49‌
108‌
3
.33‌
1,256,261‌
0
.88‌
0.00‌
1
.54‌
112‌
11
.11‌
1,194,291‌
0
.88‌
0.00‌
1
.47‌
128‌
21
.10‌
1,166,939‌
0
.89‌
0.00‌
2
.54‌
129‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
140
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
3.1
International
Equity
Class
A:
4/30/24
#
$
7
.23‌
$
0
.10‌
$
1
.07‌
$
1
.17‌
$
(
0
.32‌
)
$
—‌
$
(
0
.32‌
)
$
8
.08‌
10/31/23
6
.52‌
0
.18‌
0
.76‌
0
.94‌
(
0
.23‌
)
—‌
(
0
.23‌
)
7
.23‌
10/31/22
9
.11‌
0
.15‌
(
2
.37‌
)
(
2
.22‌
)
(
0
.37‌
)
—‌
(
0
.37‌
)
6
.52‌
10/31/21
6
.86‌
0
.23‌
2
.15‌
2
.38‌
(
0
.13‌
)
—‌
(
0
.13‌
)
9
.11‌
10/31/20
7
.02‌
0
.09‌
(
0
.08‌
)
0
.01‌
(
0
.17‌
)
—‌
(
0
.17‌
)
6
.86‌
10/31/19
7
.42‌
0
.10‌
0
.20‌
0
.30‌
(
0
.21‌
)
(
0
.49‌
)
(
0
.70‌
)
7
.02‌
Class
I:
4/30/24
#
12
.23‌
0
.19‌
1
.83‌
2
.02‌
(
0
.33‌
)
—‌
(
0
.33‌
)
13
.92‌
10/31/23
10
.87‌
0
.32‌
1
.28‌
1
.60‌
(
0
.24‌
)
—‌
(
0
.24‌
)
12
.23‌
10/31/22
14
.93‌
0
.28‌
(
3
.96‌
)
(
3
.68‌
)
(
0
.38‌
)
—‌
(
0
.38‌
)
10
.87‌
10/31/21
11
.15‌
0
.39‌
3
.54‌
3
.93‌
(
0
.15‌
)
—‌
(
0
.15‌
)
14
.93‌
10/31/20
11
.29‌
0
.17‌
(
0
.13‌
)
0
.04‌
(
0
.18‌
)
—‌
(
0
.18‌
)
11
.15‌
10/31/19
11
.23‌
0
.05‌
0
.50‌
0
.55‌
—‌
(
0
.49‌
)
(
0
.49‌
)
11
.29‌
Premier
Class:
4/30/24
#
11
.93‌
0
.18‌
1
.78‌
1
.96‌
(
0
.32‌
)
—‌
(
0
.32‌
)
13
.57‌
10/31/23
10
.61‌
0
.33‌
1
.23‌
1
.56‌
(
0
.24‌
)
—‌
(
0
.24‌
)
11
.93‌
10/31/22
14
.58‌
0
.26‌
(
3
.85‌
)
(
3
.59‌
)
(
0
.38‌
)
—‌
(
0
.38‌
)
10
.61‌
10/31/21
10
.89‌
0
.37‌
3
.45‌
3
.82‌
(
0
.13‌
)
—‌
(
0
.13‌
)
14
.58‌
10/31/20
11
.03‌
0
.16‌
(
0
.13‌
)
0
.03‌
(
0
.17‌
)
—‌
(
0
.17‌
)
10
.89‌
10/31/19
11
.21‌
0
.18‌
0
.35‌
0
.53‌
(
0
.22‌
)
(
0
.49‌
)
(
0
.71‌
)
11
.03‌
Class
R6:
4/30/24
#
11
.95‌
0
.19‌
1
.80‌
1
.99‌
(
0
.35‌
)
—‌
(
0
.35‌
)
13
.59‌
10/31/23
10
.63‌
0
.33‌
1
.24‌
1
.57‌
(
0
.25‌
)
—‌
(
0
.25‌
)
11
.95‌
10/31/22
14
.61‌
0
.28‌
(
3
.86‌
)
(
3
.58‌
)
(
0
.40‌
)
—‌
(
0
.40‌
)
10
.63‌
10/31/21
10
.91‌
0
.41‌
3
.45‌
3
.86‌
(
0
.16‌
)
—‌
(
0
.16‌
)
14
.61‌
10/31/20
11
.06‌
0
.18‌
(
0
.14‌
)
0
.04‌
(
0
.19‌
)
—‌
(
0
.19‌
)
10
.91‌
10/31/19
11
.24‌
0
.20‌
0
.35‌
0
.55‌
(
0
.24‌
)
(
0
.49‌
)
(
0
.73‌
)
11
.06‌
Retirement
Class:
4/30/24
#
12
.45‌
0
.18‌
1
.87‌
2
.05‌
(
0
.31‌
)
—‌
(
0
.31‌
)
14
.19‌
10/31/23
11
.06‌
0
.32‌
1
.29‌
1
.61‌
(
0
.22‌
)
—‌
(
0
.22‌
)
12
.45‌
10/31/22
15
.18‌
0
.26‌
(
4
.02‌
)
(
3
.76‌
)
(
0
.36‌
)
—‌
(
0
.36‌
)
11
.06‌
10/31/21
11
.33‌
0
.39‌
3
.59‌
3
.98‌
(
0
.13‌
)
—‌
(
0
.13‌
)
15
.18‌
10/31/20
11
.48‌
0
.16‌
(
0
.14‌
)
0
.02‌
(
0
.17‌
)
—‌
(
0
.17‌
)
11
.33‌
10/31/19
11
.63‌
0
.18‌
0
.36‌
0
.54‌
(
0
.20‌
)
(
0
.49‌
)
(
0
.69‌
)
11
.48‌
Class
W:
4/30/24
#
12
.03‌
0
.22‌
1
.81‌
2
.03‌
(
0
.41‌
)
—‌
(
0
.41‌
)
13
.65‌
10/31/23
10
.70‌
0
.39‌
1
.24‌
1
.63‌
(
0
.30‌
)
—‌
(
0
.30‌
)
12
.03‌
10/31/22
14
.69‌
0
.34‌
(
3
.87‌
)
(
3
.53‌
)
(
0
.46‌
)
—‌
(
0
.46‌
)
10
.70‌
10/31/21
10
.96‌
0
.48‌
3
.45‌
3
.93‌
(
0
.20‌
)
—‌
(
0
.20‌
)
14
.69‌
10/31/20
11
.10‌
0
.23‌
(
0
.13‌
)
0
.10‌
(
0
.24‌
)
—‌
(
0
.24‌
)
10
.96‌
10/31/19
11
.25‌
0
.25‌
0
.34‌
0
.59‌
(
0
.25‌
)
(
0
.49‌
)
(
0
.74‌
)
11
.10‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
f
Does
not
include
in-kind
transactions.
g
During
the
year
ended
10/31/23,
0.02%,
0.02%,
0.02%,
0.02%,
0.02%
and
0.02%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
141
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
16
.57‌
%
$
240,577‌
0
.79‌
%
c
0
.79‌
%
c
2
.57‌
%
c
11‌
%
14
.60‌
g
215,590‌
0
.81‌
0
.79‌
2
.39‌
19‌
f
(
25
.32‌
)
201,687‌
0
.80‌
0
.74‌
2
.04‌
21‌
35
.05‌
286,699‌
0
.80‌
0
.80‌
2
.61‌
28‌
0
.03‌
223,406‌
0
.82‌
0
.82‌
1
.38‌
102‌
5
.24‌
249,406‌
0
.82‌
0
.82‌
1
.53‌
114‌
16
.77‌
2,354‌
0
.57‌
c
0
.57‌
c
2
.82‌
c
11‌
14
.81‌
g
2,067‌
0
.56‌
0
.56‌
2
.59‌
19‌
f
(
25
.23‌
)
2,268‌
0
.57‌
0
.57‌
2
.20‌
21‌
35
.42‌
3,175‌
0
.56‌
0
.56‌
2
.75‌
28‌
0
.34‌
2,993‌
0
.57‌
0
.57‌
1
.60‌
102‌
5
.46‌
3,929‌
0
.60‌
0
.60‌
0
.38‌
114‌
16
.71‌
55,919‌
0
.61‌
c
0
.61‌
c
2
.81‌
c
11‌
14
.75‌
g
37,023‌
0
.61‌
0
.61‌
2
.71‌
19‌
f
(
25
.24‌
)
57,289‌
0
.61‌
0
.61‌
2
.14‌
21‌
35
.31‌
75,862‌
0
.61‌
0
.61‌
2
.68‌
28‌
0
.26‌
80,569‌
0
.63‌
0
.63‌
1
.53‌
102‌
5
.52‌
133,306‌
0
.63‌
0
.63‌
1
.76‌
114‌
16
.88‌
2,626,687‌
0
.46‌
c
0
.46‌
c
2
.90‌
c
11‌
14
.89‌
g
2,405,013‌
0
.46‌
0
.46‌
2
.71‌
19‌
f
(
25
.14‌
)
2,255,904‌
0
.46‌
0
.46‌
2
.33‌
21‌
35
.59‌
2,828,714‌
0
.46‌
0
.46‌
2
.95‌
28‌
0
.33‌
2,230,915‌
0
.48‌
0
.48‌
1
.74‌
102‌
5
.73‌
2,484,368‌
0
.48‌
0
.48‌
1
.87‌
114‌
16
.68‌
327,443‌
0
.71‌
c
0
.71‌
c
2
.63‌
c
11‌
14
.64‌
g
318,194‌
0
.71‌
0
.71‌
2
.48‌
19‌
f
(
25
.32‌
)
314,089‌
0
.71‌
0
.71‌
2
.05‌
21‌
35
.28‌
467,995‌
0
.71‌
0
.71‌
2
.68‌
28‌
0
.10‌
383,646‌
0
.73‌
0
.73‌
1
.45‌
102‌
5
.44‌
459,274‌
0
.73‌
0
.71‌
1
.63‌
114‌
17
.14‌
3,572,774‌
0
.46‌
c
0.00‌
c
3
.37‌
c
11‌
15
.36‌
g
3,164,262‌
0
.46‌
0.00‌
3
.15‌
19‌
f
(
24
.76‌
)
3,426,943‌
0
.46‌
0.00‌
2
.77‌
21‌
36
.17‌
3,083,400‌
0
.46‌
0.00‌
3
.45‌
28‌
0
.89‌
1,772,710‌
0
.48‌
0.00‌
2
.19‌
102‌
6
.16‌
1,480,782‌
0
.48‌
0.00‌
2
.35‌
114‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
142
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
3.2
International
Opportunities
Class
A:
4/30/24
#
$
12
.78‌
$
0
.09‌
$
2
.02‌
$
2
.11‌
$
(
0
.13‌
)
$
—‌
$
(
0
.13‌
)
$
14
.76‌
10/31/23
12
.48‌
0
.15‌
0
.15‌
0
.30‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
12
.78‌
10/31/22
19
.67‌
0
.13‌
(
5
.87‌
)
(
5
.74‌
)
(
0
.21‌
)
(
1
.24‌
)
(
1
.45‌
)
12
.48‌
10/31/21
15
.65‌
0
.05‌
4
.38‌
4
.43‌
(
0
.04‌
)
(
0
.37‌
)
(
0
.41‌
)
19
.67‌
10/31/20
13
.32‌
0
.01‌
2
.41‌
2
.42‌
(
0
.09‌
)
—‌
(
0
.09‌
)
15
.65‌
10/31/19
11
.94‌
0
.12‌
1
.36‌
1
.48‌
(
0
.10‌
)
—‌
(
0
.10‌
)
13
.32‌
Class
I:
4/30/24
#
12
.80‌
0
.10‌
2
.03‌
2
.13‌
(
0
.16‌
)
—‌
(
0
.16‌
)
14
.77‌
10/31/23
12
.48‌
0
.18‌
0
.14‌
0
.32‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
12
.80‌
10/31/22
19
.73‌
0
.16‌
(
5
.87‌
)
(
5
.71‌
)
(
0
.30‌
)
(
1
.24‌
)
(
1
.54‌
)
12
.48‌
10/31/21
15
.67‌
0
.11‌
4
.40‌
4
.51‌
(
0
.08‌
)
(
0
.37‌
)
(
0
.45‌
)
19
.73‌
10/31/20
13
.34‌
0
.06‌
2
.41‌
2
.47‌
(
0
.14‌
)
—‌
(
0
.14‌
)
15
.67‌
10/31/19
11
.97‌
0
.11‌
1
.40‌
1
.51‌
(
0
.14‌
)
—‌
(
0
.14‌
)
13
.34‌
Premier
Class:
4/30/24
#
12
.84‌
0
.10‌
2
.03‌
2
.13‌
(
0
.16‌
)
—‌
(
0
.16‌
)
14
.81‌
10/31/23
12
.52‌
0
.16‌
0
.17‌
0
.33‌
(
0
.01‌
)
—‌
(
0
.01‌
)
12
.84‌
10/31/22
19
.80‌
0
.20‌
(
5
.94‌
)
(
5
.74‌
)
(
0
.30‌
)
(
1
.24‌
)
(
1
.54‌
)
12
.52‌
10/31/21
15
.72‌
0
.11‌
4
.41‌
4
.52‌
(
0
.07‌
)
(
0
.37‌
)
(
0
.44‌
)
19
.80‌
10/31/20
13
.37‌
0
.04‌
2
.44‌
2
.48‌
(
0
.13‌
)
—‌
(
0
.13‌
)
15
.72‌
10/31/19
12
.00‌
0
.15‌
1
.35‌
1
.50‌
(
0
.13‌
)
—‌
(
0
.13‌
)
13
.37‌
Class
R6:
4/30/24
#
12
.83‌
0
.11‌
2
.03‌
2
.14‌
(
0
.18‌
)
—‌
(
0
.18‌
)
14
.79‌
10/31/23
12
.49‌
0
.18‌
0
.17‌
0
.35‌
(
0
.01‌
)
—‌
(
0
.01‌
)
12
.83‌
10/31/22
19
.77‌
0
.17‌
(
5
.88‌
)
(
5
.71‌
)
(
0
.33‌
)
(
1
.24‌
)
(
1
.57‌
)
12
.49‌
10/31/21
15
.70‌
0
.13‌
4
.40‌
4
.53‌
(
0
.09‌
)
(
0
.37‌
)
(
0
.46‌
)
19
.77‌
10/31/20
13
.35‌
0
.07‌
2
.42‌
2
.49‌
(
0
.14‌
)
—‌
(
0
.14‌
)
15
.70‌
10/31/19
11
.99‌
0
.16‌
1
.35‌
1
.51‌
(
0
.15‌
)
—‌
(
0
.15‌
)
13
.35‌
Retirement
Class:
4/30/24
#
12
.76‌
0
.09‌
2
.02‌
2
.11‌
(
0
.14‌
)
—‌
(
0
.14‌
)
14
.73‌
10/31/23
12
.45‌
0
.16‌
0
.16‌
0
.32‌
(
0
.01‌
)
—‌
(
0
.01‌
)
12
.76‌
10/31/22
19
.69‌
0
.16‌
(
5
.86‌
)
(
5
.70‌
)
(
0
.30‌
)
(
1
.24‌
)
(
1
.54‌
)
12
.45‌
10/31/21
15
.63‌
0
.10‌
4
.40‌
4
.50‌
(
0
.07‌
)
(
0
.37‌
)
(
0
.44‌
)
19
.69‌
10/31/20
13
.30‌
0
.06‌
2
.40‌
2
.46‌
(
0
.13‌
)
—‌
(
0
.13‌
)
15
.63‌
10/31/19
11
.93‌
0
.15‌
1
.35‌
1
.50‌
(
0
.13‌
)
—‌
(
0
.13‌
)
13
.30‌
Class
W:
4/30/24
#
12
.91‌
0
.15‌
2
.04‌
2
.19‌
(
0
.26‌
)
—‌
(
0
.26‌
)
14
.84‌
10/31/23
12
.51‌
0
.27‌
0
.15‌
0
.42‌
(
0
.02‌
)
—‌
(
0
.02‌
)
12
.91‌
10/31/22
19
.89‌
0
.26‌
(
5
.90‌
)
(
5
.64‌
)
(
0
.50‌
)
(
1
.24‌
)
(
1
.74‌
)
12
.51‌
10/31/21
15
.78‌
0
.25‌
4
.42‌
4
.67‌
(
0
.19‌
)
(
0
.37‌
)
(
0
.56‌
)
19
.89‌
10/31/20
13
.42‌
0
.16‌
2
.43‌
2
.59‌
(
0
.23‌
)
—‌
(
0
.23‌
)
15
.78‌
10/31/19
11
.99‌
0
.24‌
1
.36‌
1
.60‌
(
0
.17‌
)
—‌
(
0
.17‌
)
13
.42‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
e
Includes
voluntary
compensation
from
the
Adviser
as
further
described
in
the
investment
adviser
and
other
transactions
with
affiliates
note
in
the
Notes
to
Financial
Statements,
when
applicable.
g
During
the
year
ended
10/31/23,
0.01%,
0.01%,
0.01%,
0.01%,
0.01%
and
0.01%
of
the
Fund’s
total
return
for
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W,
respectively,
consisted
of
a
voluntary
payment
from
the
Adviser.
See
Notes
to
Financial
Statements
143
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
e
Portfolio
Turnover
Rate
16
.58‌
%
$
36,070‌
0
.90‌
%
c
0
.90‌
%
c
1
.19‌
%
c
13‌
%
2
.41‌
g
34,349‌
0
.90‌
0
.90‌
1
.05‌
18‌
(
31
.02‌
)
36,527‌
0
.99‌
0
.96‌
0
.89‌
15‌
28
.62‌
9,152‌
1
.06‌
1
.06‌
0
.26‌
29‌
18
.26‌
5,638‌
1
.01‌
1
.01‌
0
.10‌
36‌
12
.50‌
4,122‌
1
.02‌
1
.02‌
0
.92‌
28‌
16
.74‌
32,012‌
0
.70‌
c
0
.70‌
c
1
.38‌
c
13‌
2
.60‌
g
31,237‌
0
.69‌
0
.69‌
1
.26‌
18‌
(
30
.83‌
)
61,619‌
0
.71‌
0
.71‌
1
.21‌
15‌
29
.09‌
5,052‌
0
.70‌
0
.70‌
0
.59‌
29‌
18
.66‌
4,060‌
0
.71‌
0
.71‌
0
.41‌
36‌
12
.85‌
4,168‌
0
.71‌
0
.71‌
0
.85‌
28‌
16
.61‌
2,883‌
0
.76‌
c
0
.76‌
c
1
.37‌
c
13‌
2
.60‌
g
2,455‌
0
.76‌
0
.75‌
1
.18‌
18‌
(
30
.88‌
)
2,269‌
0
.76‌
0
.66‌
1
.43‌
15‌
29
.06‌
569‌
0
.77‌
0
.73‌
0
.58‌
29‌
18
.69‌
399‌
0
.77‌
0
.70‌
0
.32‌
36‌
12
.74‌
1,308‌
0
.77‌
0
.73‌
1
.21‌
28‌
16
.74‌
141,615‌
0
.61‌
c
0
.61‌
c
1
.50‌
c
13‌
2
.69‌
g
128,293‌
0
.60‌
0
.60‌
1
.32‌
18‌
(
30
.76‌
)
130,897‌
0
.61‌
0
.61‌
1
.16‌
15‌
29
.21‌
146,168‌
0
.60‌
0
.60‌
0
.70‌
29‌
18
.84‌
120,668‌
0
.61‌
0
.61‌
0
.53‌
36‌
12
.84‌
117,428‌
0
.62‌
0
.62‌
1
.31‌
28‌
16
.63‌
83,877‌
0
.86‌
c
0
.86‌
c
1
.23‌
c
13‌
2
.53‌
g
80,691‌
0
.85‌
0
.79‌
1
.14‌
18‌
(
30
.87‌
)
96,691‌
0
.86‌
0
.68‌
1
.06‌
15‌
29
.13‌
175,169‌
0
.85‌
0
.73‌
0
.56‌
29‌
18
.62‌
158,190‌
0
.86‌
0
.72‌
0
.40‌
36‌
12
.77‌
175,643‌
0
.87‌
0
.77‌
1
.19‌
28‌
17
.11‌
2,130,184‌
0
.61‌
c
0.00‌
c
2
.11‌
c
13‌
3
.36‌
g
1,912,615‌
0
.60‌
0.00‌
1
.92‌
18‌
(
30
.39‌
)
2,057,533‌
0
.61‌
0.00‌
1
.77‌
15‌
30
.03‌
2,183,791‌
0
.60‌
0.00‌
1
.31‌
29‌
19
.52‌
1,527,006‌
0
.61‌
0.00‌
1
.14‌
36‌
13
.62‌
1,487,781‌
0
.62‌
0.00‌
1
.94‌
28‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
144
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
3.3
Quant
International
Small
Cap
Equity
Class
A:
4/30/24
#
$
9
.09‌
$
0
.08‌
$
1
.70‌
$
1
.78‌
$
(
0
.27‌
)
$
—‌
$
(
0
.27‌
)
$
10
.60‌
10/31/23
8
.62‌
0
.22‌
0
.52‌
0
.74‌
(
0
.27‌
)
—‌
(
0
.27‌
)
9
.09‌
10/31/22
12
.47‌
0
.29‌
(
3
.45‌
)
(
3
.16‌
)
(
0
.32‌
)
(
0
.37‌
)
(
0
.69‌
)
8
.62‌
10/31/21
9
.41‌
0
.16‌
3
.08‌
3
.24‌
(
0
.18‌
)
—‌
(
0
.18‌
)
12
.47‌
10/31/20
10
.30‌
0
.15‌
(
0
.73‌
)
(
0
.58‌
)
(
0
.31‌
)
—‌
(
0
.31‌
)
9
.41‌
10/31/19
10
.18‌
0
.22‌
0
.40‌
0
.62‌
(
0
.21‌
)
(
0
.29‌
)
(
0
.50‌
)
10
.30‌
Class
I:
4/30/24
#
9
.08‌
0
.10‌
1
.70‌
1
.80‌
(
0
.31‌
)
—‌
(
0
.31‌
)
10
.57‌
10/31/23
8
.61‌
0
.25‌
0
.53‌
0
.78‌
(
0
.31‌
)
—‌
(
0
.31‌
)
9
.08‌
10/31/22
12
.46‌
0
.33‌
(
3
.45‌
)
(
3
.12‌
)
(
0
.36‌
)
(
0
.37‌
)
(
0
.73‌
)
8
.61‌
10/31/21
9
.40‌
0
.20‌
3
.08‌
3
.28‌
(
0
.22‌
)
—‌
(
0
.22‌
)
12
.46‌
10/31/20
10
.29‌
0
.19‌
(
0
.73‌
)
(
0
.54‌
)
(
0
.35‌
)
—‌
(
0
.35‌
)
9
.40‌
10/31/19
10
.22‌
0
.26‌
0
.39‌
0
.65‌
(
0
.29‌
)
(
0
.29‌
)
(
0
.58‌
)
10
.29‌
Premier
Class:
4/30/24
#
9
.21‌
0
.09‌
1
.73‌
1
.82‌
(
0
.29‌
)
—‌
(
0
.29‌
)
10
.74‌
10/31/23
8
.73‌
0
.24‌
0
.54‌
0
.78‌
(
0
.30‌
)
—‌
(
0
.30‌
)
9
.21‌
10/31/22
12
.62‌
0
.31‌
(
3
.49‌
)
(
3
.18‌
)
(
0
.34‌
)
(
0
.37‌
)
(
0
.71‌
)
8
.73‌
10/31/21
9
.52‌
0
.19‌
3
.11‌
3
.30‌
(
0
.20‌
)
—‌
(
0
.20‌
)
12
.62‌
10/31/20
10
.42‌
0
.17‌
(
0
.74‌
)
(
0
.57‌
)
(
0
.33‌
)
—‌
(
0
.33‌
)
9
.52‌
10/31/19
10
.23‌
0
.25‌
0
.41‌
0
.66‌
(
0
.18‌
)
(
0
.29‌
)
(
0
.47‌
)
10
.42‌
Class
R6:
4/30/24
#
9
.09‌
0
.10‌
1
.70‌
1
.80‌
(
0
.31‌
)
—‌
(
0
.31‌
)
10
.58‌
10/31/23
8
.62‌
0
.25‌
0
.53‌
0
.78‌
(
0
.31‌
)
—‌
(
0
.31‌
)
9
.09‌
10/31/22
12
.48‌
0
.33‌
(
3
.45‌
)
(
3
.12‌
)
(
0
.37‌
)
(
0
.37‌
)
(
0
.74‌
)
8
.62‌
10/31/21
9
.41‌
0
.20‌
3
.09‌
3
.29‌
(
0
.22‌
)
—‌
(
0
.22‌
)
12
.48‌
10/31/20
10
.30‌
0
.19‌
(
0
.73‌
)
(
0
.54‌
)
(
0
.35‌
)
—‌
(
0
.35‌
)
9
.41‌
10/31/19
10
.22‌
0
.26‌
0
.40‌
0
.66‌
(
0
.29‌
)
(
0
.29‌
)
(
0
.58‌
)
10
.30‌
Retirement
Class:
4/30/24
#
9
.07‌
0
.08‌
1
.70‌
1
.78‌
(
0
.28‌
)
—‌
(
0
.28‌
)
10
.57‌
10/31/23
8
.60‌
0
.23‌
0
.53‌
0
.76‌
(
0
.29‌
)
—‌
(
0
.29‌
)
9
.07‌
10/31/22
12
.45‌
0
.29‌
(
3
.43‌
)
(
3
.14‌
)
(
0
.34‌
)
(
0
.37‌
)
(
0
.71‌
)
8
.60‌
10/31/21
9
.40‌
0
.18‌
3
.07‌
3
.25‌
(
0
.20‌
)
—‌
(
0
.20‌
)
12
.45‌
10/31/20
10
.29‌
0
.18‌
(
0
.73‌
)
(
0
.55‌
)
(
0
.34‌
)
—‌
(
0
.34‌
)
9
.40‌
10/31/19
10
.19‌
0
.25‌
0
.39‌
0
.64‌
(
0
.25‌
)
(
0
.29‌
)
(
0
.54‌
)
10
.29‌
Class
W:
4/30/24
#
9
.16‌
0
.14‌
1
.70‌
1
.84‌
(
0
.38‌
)
—‌
(
0
.38‌
)
10
.62‌
10/31/23
8
.69‌
0
.32‌
0
.54‌
0
.86‌
(
0
.39‌
)
—‌
(
0
.39‌
)
9
.16‌
10/31/22
12
.56‌
0
.40‌
(
3
.46‌
)
(
3
.06‌
)
(
0
.44‌
)
(
0
.37‌
)
(
0
.81‌
)
8
.69‌
10/31/21
9
.46‌
0
.29‌
3
.09‌
3
.38‌
(
0
.28‌
)
—‌
(
0
.28‌
)
12
.56‌
10/31/20
10
.35‌
0
.25‌
(
0
.72‌
)
(
0
.47‌
)
(
0
.42‌
)
—‌
(
0
.42‌
)
9
.46‌
10/31/19
10
.22‌
0
.33‌
0
.40‌
0
.73‌
(
0
.31‌
)
(
0
.29‌
)
(
0
.60‌
)
10
.35‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
See
Notes
to
Financial
Statements
145
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
19
.86‌
%
$
1,019‌
1
.14‌
%
c
1
.11‌
%
c
1
.63‌
%
c
56‌
%
8
.58‌
853‌
1
.16‌
1
.12‌
2
.26‌
114‌
(
26
.71‌
)
824‌
1
.40‌
1
.14‌
2
.80‌
119‌
34
.77‌
1,134‌
2
.20‌
1
.12‌
1
.31‌
119‌
(
5
.93‌
)
757‌
1
.44‌
1
.09‌
1
.60‌
100‌
6
.61‌
851‌
1
.35‌
1
.09‌
2
.26‌
87‌
20
.07‌
97‌
0
.81‌
c
0
.81‌
c
1
.99‌
c
56‌
9
.05‌
76‌
0
.77‌
0
.77‌
2
.57‌
114‌
(
26
.47‌
)
63‌
0
.74‌
0
.74‌
3
.18‌
119‌
35
.28‌
91‌
0
.80‌
0
.78‌
1
.66‌
119‌
(
5
.56‌
)
69‌
0
.76‌
0
.71‌
2
.01‌
100‌
6
.96‌
84‌
0
.76‌
0
.71‌
2
.66‌
87‌
20
.07‌
79‌
0
.96‌
c
0
.91‌
c
1
.79‌
c
56‌
8
.85‌
68‌
0
.93‌
0
.91‌
2
.48‌
114‌
(
26
.53‌
)
64‌
0
.90‌
0
.90‌
3
.01‌
119‌
35
.08‌
92‌
0
.96‌
0
.88‌
1
.56‌
119‌
(
5
.71‌
)
70‌
0
.91‌
0
.85‌
1
.85‌
100‌
6
.85‌
76‌
0
.89‌
0
.84‌
2
.53‌
87‌
20
.09‌
71,593‌
0
.75‌
c
0
.75‌
c
1
.95‌
c
56‌
9
.06‌
62,099‌
0
.74‌
0
.74‌
2
.63‌
114‌
(
26
.44‌
)
66,810‌
0
.72‌
0
.72‌
3
.20‌
119‌
35
.40‌
88,124‌
0
.71‌
0
.69‌
1
.73‌
119‌
(
5
.51‌
)
54,223‌
0
.71‌
0
.66‌
2
.06‌
100‌
7
.04‌
55,449‌
0
.71‌
0
.66‌
2
.68‌
87‌
19
.92‌
7,660‌
1
.00‌
c
1
.00‌
c
1
.66‌
c
56‌
8
.86‌
7,031‌
0
.99‌
0
.99‌
2
.38‌
114‌
(
26
.62‌
)
8,463‌
0
.97‌
0
.97‌
2
.98‌
119‌
35
.00‌
4,626‌
0
.96‌
0
.93‌
1
.51‌
119‌
(
5
.67‌
)
3,259‌
0
.96‌
0
.84‌
1
.93‌
100‌
6
.86‌
3,113‌
0
.96‌
0
.84‌
2
.54‌
87‌
20
.50‌
1,154,830‌
0
.75‌
c
0
.01‌
c
2
.69‌
c
56‌
9
.91‌
1,001,200‌
0
.74‌
0
.01‌
3
.37‌
114‌
(
25
.88‌
)
1,118,947‌
0
.72‌
0.00‌
3
.90‌
119‌
36
.31‌
1,485,005‌
0
.71‌
0.00‌
2
.42‌
119‌
(
4
.97‌
)
923,105‌
0
.71‌
0.00‌
2
.73‌
100‌
7
.85‌
926,729‌
0
.71‌
0.00‌
3
.38‌
87‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
146
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
3.4
International
Responsible
Equity
Class
A:
4/30/24
#
$
11
.56‌
$
0
.16‌
$
1
.68‌
$
1
.84‌
$
(
0
.38‌
)
$
—‌
$
(
0
.38‌
)
$
13
.02‌
10/31/23
10
.20‌
0
.31‌
1
.28‌
1
.59‌
(
0
.23‌
)
—‌
(
0
.23‌
)
11
.56‌
10/31/22
13
.76‌
0
.30‌
(
3
.48‌
)
(
3
.18‌
)
(
0
.28‌
)
(
0
.10‌
)
(
0
.38‌
)
10
.20‌
10/31/21
10
.30‌
0
.31‌
3
.30‌
3
.61‌
(
0
.15‌
)
—‌
(
0
.15‌
)
13
.76‌
10/31/20
11
.13‌
0
.20‌
(
0
.88‌
)
(
0
.68‌
)
(
0
.15‌
)
—‌
(
0
.15‌
)
10
.30‌
10/31/19
10
.10‌
0
.27‌
0
.96‌
1
.23‌
(
0
.20‌
)
—‌
(
0
.20‌
)
11
.13‌
Class
I:
4/30/24
#
11
.59‌
0
.17‌
1
.69‌
1
.86‌
(
0
.40‌
)
—‌
(
0
.40‌
)
13
.05‌
10/31/23
10
.24‌
0
.33‌
1
.27‌
1
.60‌
(
0
.25‌
)
—‌
(
0
.25‌
)
11
.59‌
10/31/22
13
.81‌
0
.29‌
(
3
.45‌
)
(
3
.16‌
)
(
0
.31‌
)
(
0
.10‌
)
(
0
.41‌
)
10
.24‌
10/31/21
10
.33‌
0
.35‌
3
.30‌
3
.65‌
(
0
.17‌
)
—‌
(
0
.17‌
)
13
.81‌
10/31/20
11
.16‌
0
.21‌
(
0
.86‌
)
(
0
.65‌
)
(
0
.18‌
)
—‌
(
0
.18‌
)
10
.33‌
10/31/19
10
.14‌
0
.30‌
0
.95‌
1
.25‌
(
0
.23‌
)
—‌
(
0
.23‌
)
11
.16‌
Premier
Class:
4/30/24
#
11
.62‌
0
.16‌
1
.70‌
1
.86‌
(
0
.39‌
)
—‌
(
0
.39‌
)
13
.09‌
10/31/23
10
.25‌
0
.32‌
1
.29‌
1
.61‌
(
0
.24‌
)
—‌
(
0
.24‌
)
11
.62‌
10/31/22
13
.83‌
0
.32‌
(
3
.50‌
)
(
3
.18‌
)
(
0
.30‌
)
(
0
.10‌
)
(
0
.40‌
)
10
.25‌
10/31/21
10
.34‌
0
.34‌
3
.31‌
3
.65‌
(
0
.16‌
)
—‌
(
0
.16‌
)
13
.83‌
10/31/20
11
.17‌
0
.15‌
(
0
.81‌
)
(
0
.66‌
)
(
0
.17‌
)
—‌
(
0
.17‌
)
10
.34‌
10/31/19
10
.13‌
0
.32‌
0
.92‌
1
.24‌
(
0
.20‌
)
—‌
(
0
.20‌
)
11
.17‌
Class
R6:
4/30/24
#
11
.61‌
0
.17‌
1
.70‌
1
.87‌
(
0
.41‌
)
—‌
(
0
.41‌
)
13
.07‌
10/31/23
10
.25‌
0
.35‌
1
.27‌
1
.62‌
(
0
.26‌
)
—‌
(
0
.26‌
)
11
.61‌
10/31/22
13
.82‌
0
.33‌
(
3
.48‌
)
(
3
.15‌
)
(
0
.32‌
)
(
0
.10‌
)
(
0
.42‌
)
10
.25‌
10/31/21
10
.34‌
0
.35‌
3
.31‌
3
.66‌
(
0
.18‌
)
—‌
(
0
.18‌
)
13
.82‌
10/31/20
11
.16‌
0
.23‌
(
0
.87‌
)
(
0
.64‌
)
(
0
.18‌
)
—‌
(
0
.18‌
)
10
.34‌
10/31/19
10
.14‌
0
.31‌
0
.95‌
1
.26‌
(
0
.24‌
)
—‌
(
0
.24‌
)
11
.16‌
Retirement
Class:
4/30/24
#
11
.55‌
0
.15‌
1
.69‌
1
.84‌
(
0
.38‌
)
—‌
(
0
.38‌
)
13
.01‌
10/31/23
10
.20‌
0
.32‌
1
.26‌
1
.58‌
(
0
.23‌
)
—‌
(
0
.23‌
)
11
.55‌
10/31/22
13
.76‌
0
.30‌
(
3
.47‌
)
(
3
.17‌
)
(
0
.29‌
)
(
0
.10‌
)
(
0
.39‌
)
10
.20‌
10/31/21
10
.30‌
0
.33‌
3
.29‌
3
.62‌
(
0
.16‌
)
—‌
(
0
.16‌
)
13
.76‌
10/31/20
11
.12‌
0
.20‌
(
0
.86‌
)
(
0
.66‌
)
(
0
.16‌
)
—‌
(
0
.16‌
)
10
.30‌
10/31/19
10
.11‌
0
.26‌
0
.96‌
1
.22‌
(
0
.21‌
)
—‌
(
0
.21‌
)
11
.12‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
See
Notes
to
Financial
Statements
147
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
16
.12‌
%
$
32,607‌
0
.62‌
%
c
0
.62‌
%
c
2
.44‌
%
c
20‌
%
15
.61‌
28,059‌
0
.63‌
0
.63‌
2
.60‌
30‌
(
23
.72‌
)
21,246‌
0
.66‌
0
.65‌
2
.55‌
15‌
35
.27‌
21,846‌
0
.70‌
0
.70‌
2
.41‌
12‌
(
6
.18‌
)
10,335‌
0
.72‌
0
.72‌
1
.89‌
15‌
12
.47‌
6,456‌
0
.92‌
0
.74‌
2
.62‌
9‌
16
.25‌
14,344‌
0
.43‌
c
0
.43‌
c
2
.64‌
c
20‌
15
.69‌
11,987‌
0
.49‌
0
.49‌
2
.75‌
30‌
(
23
.55‌
)
8,600‌
0
.48‌
0
.48‌
2
.56‌
15‌
35
.60‌
2,557‌
0
.46‌
0
.46‌
2
.66‌
12‌
(
5
.96‌
)
1,192‌
0
.52‌
0
.51‌
1
.99‌
15‌
12
.71‌
1,174‌
0
.66‌
0
.47‌
2
.89‌
9‌
16
.20‌
649‌
0
.50‌
c
0
.50‌
c
2
.43‌
c
20‌
15
.77‌
954‌
0
.50‌
0
.50‌
2
.70‌
30‌
(
23
.64‌
)
618‌
0
.52‌
0
.52‌
2
.65‌
15‌
35
.49‌
771‌
0
.52‌
0
.52‌
2
.58‌
12‌
(
5
.99‌
)
438‌
0
.56‌
0
.55‌
1
.35‌
15‌
12
.55‌
1,754‌
0
.74‌
0
.55‌
3
.05‌
9‌
16
.36‌
834,000‌
0
.34‌
c
0
.34‌
c
2
.72‌
c
20‌
15
.85‌
715,703‌
0
.34‌
0
.34‌
2
.90‌
30‌
(
23
.47‌
)
657,816‌
0
.37‌
0
.37‌
2
.85‌
15‌
35
.70‌
556,304‌
0
.36‌
0
.36‌
2
.68‌
12‌
(
5
.83‌
)
338,692‌
0
.41‌
0
.40‌
2
.21‌
15‌
12
.77‌
192,475‌
0
.58‌
0
.40‌
3
.03‌
9‌
16
.17‌
700,962‌
0
.59‌
c
0
.59‌
c
2
.43‌
c
20‌
15
.58‌
629,526‌
0
.59‌
0
.59‌
2
.66‌
30‌
(
23
.66‌
)
457,544‌
0
.62‌
0
.62‌
2
.60‌
15‌
35
.42‌
386,981‌
0
.61‌
0
.61‌
2
.50‌
12‌
(
6
.08‌
)
162,780‌
0
.66‌
0
.65‌
1
.91‌
15‌
12
.40‌
59,932‌
0
.83‌
0
.65‌
2
.56‌
9‌
148
Notes
to
Financial
Statements
(Unaudited)
1.
General
Information
Trust
and
Fund
Information:
TIAA-CREF
Funds
(the
“Trust”)
is
an
open-end
management
investment
company
registered
under
the
Investment
Company
Act
of
1940,
(“1940
Act”),
as
amended.
The
Trust
is
comprised
of
the
following
(collectively
the
“Funds”
or
individually,
the
“Fund”),
among
others:
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
as
noted
above
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
been
updated.
Investment
Advisor:
Teachers
Advisors,
LLC
(the
“Adviser”),
a
wholly
owned
indirect
subsidiary
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”),
is
registered
with
the
SEC
as
an
investment
adviser
and
provides
investment
management
services
for
the
Funds.  
Share
Classes
and
Sales
Charges:
The
Funds
offer
up
to
six
share
classes,
although
any
one
Fund
may
not
necessarily
offer
all
six
classes.
The
Funds
may
offer
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W
shares.
Each
class
differs
by
the
allocation
of
class-specific
expenses
and
voting
rights
in
matters
affecting
a
single
class.
The
Funds
offer
their
shares,
without
a
sales
load,
through
their
principal
underwriter,
Nuveen
Securities,
LLC
(“Nuveen
Securities”),
which
is
a
wholly
owned
indirect
subsidiary
of
TIAA.
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
Current
Fiscal
Period:
 The
end
of
the
reporting
period
for
the Funds
is
April
30,
2024,
and
the
period
covered
by
these
Notes
to
Financial
Statements
is
the
six
months
ended
April
30,
2024
(the
"current
fiscal
period").
2.
Significant
Accounting
Policies
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(“U.S.
GAAP”),
which
may
require
the
use
of
estimates
made
by
management
and
the
evaluation
of
subsequent
events.
Actual
results
may
differ
from
those
estimates.
The Funds
are
investment
companies
and
follow
the
accounting
guidance
in
the
Financial
Accounting
Standards
Board
(“FASB”)
Accounting
Standards
Codification
946,
Financial
Services
Investment
Companies
. The net
asset
value (“NAV”)
for
financial
reporting
purposes
may
differ
from
the NAV
for
processing
transactions.
The NAV
for
financial
reporting
purposes
includes
security
and shareholder
transactions
through
the
date
of
the
report.
Total
return
is
computed
based
on
the NAV
used
for
processing
transactions.
The
following
is
a
summary
of
the
significant
accounting
policies
consistently
followed
by
the
Funds.
New
Name
Former
Name
Short
Name
Nuveen
Core
Equity
Fund
TIAA-CREF
Growth
&
Income
Fund
Core
Equity
Nuveen
Large
Cap
Growth
Fund
TIAA-CREF
Large-Cap
Growth
Fund
Large
Cap
Growth
Nuveen
Large
Cap
Value
Fund
TIAA-CREF
Large-Cap
Value
Fund
Large
Cap
Value
Nuveen
Mid
Cap
Growth
Fund
TIAA-CREF
Mid-Cap
Growth
Fund
Mid
Cap
Growth
Nuveen
Mid
Cap
Value
Fund
TIAA-CREF
Mid-Cap
Value
Fund
Mid
Cap
Value
Nuveen
Quant
Small
Cap
Equity
Fund
TIAA-CREF
Quant
Small-Cap
Equity
Fund
Quant
Small
Cap
Equity
Nuveen
Quant
Small/Mid
Cap
Equity
Fund
TIAA-CREF
Quant
Small/Mid-Cap
Equity
Fund
Quant
Small/Mid
Cap
Equity
Nuveen
Large
Cap
Responsible
Equity
Fund
TIAA-CREF
Social
Choice
Equity
Fund
Large
Cap
Responsible
Equity
Nuveen
Social
Choice
Low
Carbon
Equity
Fund
TIAA-CREF
Social
Choice
Low
Carbon
Equity
Fund
Social
Choice
Low
Carbon
Equity
Nuveen
Emerging
Markets
Equity
Fund
TIAA-CREF
Emerging
Markets
Equity
Fund
Emerging
Markets
Equity
Nuveen
International
Equity
Fund
TIAA-CREF
International
Equity
Fund
International
Equity
Nuveen
International
Opportunities
Fund
TIAA-CREF
International
Opportunities
Fund
International
Opportunities
Nuveen
Quant
International
Small
Cap
Equity
Fund
TIAA-CREF
Quant
International
Small-Cap
Equity
Fund
Quant
International
Small
Cap
Equity
Nuveen
International
Responsible
Equity
Fund
TIAA-CREF
Social
Choice
International
Equity
Fund
International
Responsible
Equity
New
Name
Former
Name
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
149
Compensation:
The
Funds pay
the
members
of
the
Board
of
Trustees
("Board"),
all
of
whom
are
independent,
certain
remuneration
for
their
services,
plus
travel
and
other
expenses.
The
Board
has
adopted
a
deferred
compensation
plan
for
independent
trustees
that
enables
trustees
to
elect
to
defer
receipt
of
all
or
a
portion
of
the
annual
compensation
they
are
entitled
to
receive
from
certain
Nuveen-advised
funds.
Under
the
plan,
deferred
amounts
are
treated
as
though
equal
dollar
amounts
had
been
invested
in
shares
of
select
Nuveen-advised
funds. Amounts
deferred
are
retained
by
the
Funds
until
paid.
Amounts
payable
to
the
trustees
for
compensation
are
included
separately
in the
accompanying
Statement
of
Assets
and
Liabilities.
Trustees’
fees,
including
any
deferred
compensation
incurred,
are
reflected
in
the
Statement
of
Operations.
Distributions
to
Shareholders:
Distributions
to
shareholders
are
recorded
on
the
ex-dividend
date.
The
amount,
character
and
timing
of
distributions
are
determined
in
accordance
with
federal
income
tax
regulations,
which
may
differ
from
U.S.
GAAP.
Foreign
Currency
Transactions
and
Translation:
The
books
and
records
of
the
Funds
are
maintained
in
U.S.
dollars.
Assets,
including
investments,
and
liabilities
denominated
in
foreign
currencies
are
translated
into
U.S.
dollars
at
the
end
of
each
day.
Purchases
and
sales
of
securities,
income,
and
expenses
are
translated
into
U.S.
dollars
at
the
prevailing
exchange
rate
on
the
respective
dates
of
the
transactions.
Net
realized
foreign
currency
gains
and
losses
resulting
from
changes
in
exchange
rates
associated
with
(i)
foreign
currency,
(ii)
investments
and
(iii)
derivatives
include
foreign
currency
gains
and
losses
between
trade
date
and
settlement
date
of
the
transactions,
foreign
currency
transactions,
and
the
difference
between
the
amounts
of
interest
and
dividends
recorded
on
the
books
of
the
Funds
and
the
amounts
actually
received
and
are
recognized
as
a
component
of
“Net
realized
gain
(loss)
from
foreign
currency
transactions”
on
the
Statement
of
Operations,
when
applicable. 
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
currency
exchange
rates
and
changes
in
foreign
exchange
rates
associated
with
(i)
investments
and
(ii)
other
assets
and
liabilities
are
recognized
as
a
component
of
“Change
in
unrealized
appreciation
(depreciation)
of
foreign
currency
translations”
on
the
Statement
of
Operations,
when
applicable.
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
exchange
rates
associated
with
investments
in
derivatives
are
recognized
as
a
component
of
the
respective
derivative’s
related “Change
in
unrealized
appreciation
(depreciation)”
on
the
Statement
of
Operations,
when
applicable. 
Foreign
Taxes:
The Funds
may
be
subject
to
foreign
taxes
on
income,
gains
on
investments
or
currency
repatriation,
a
portion
of
which
may
be
recoverable.
The Funds
will
accrue
such
taxes
and
recoveries
as
applicable,
based
upon
the
current
interpretation
of
tax
rules
and
regulations
that
exist
in
the
markets
in
which
the Funds
invest.
Indemnification:
 Under
the
Trust's
organizational
documents,
its
officers
and
trustees
are
indemnified
against
certain
liabilities
arising
out
of
the
performance
of
their
duties
to
the
Trust.
In
addition,
in
the
normal
course
of
business,
the
Trust
enters
into
contracts
that
provide
general
indemnifications
to
other
parties.
The
Trust's
maximum
exposure
under
these
arrangements
is
unknown
as
this
would
involve
future
claims
that
may
be
made
against
the
Trust
that
have
not
yet
occurred.
However,
the
Trust
has
not
had
prior
claims
or
losses
pursuant
to
these
contracts
and
expects
the
risk
of
loss
to
be
remote.
Investments
and
Investment
Income:
Securities
transactions
are
accounted
for
as
of
the
trade
date
for
financial
reporting
purposes.
Interest
income
is
recorded
on
an
accrual
basis
and
includes
accretion
of
discounts
and
amortization
of
premiums.
Dividend
income
is
recorded
on
the
ex-dividend
date.
Foreign
dividend
income
is
recorded
on
the
ex-dividend
date
or
as
soon
as
possible
after
the Funds
determine
the
existence
of
a
dividend
declaration.
Securities
lending
income
is
comprised
of
fees
earned
from
borrowers
and
income
earned on
cash
collateral
investments. Realized
gains
and
losses
on
securities
transactions
are
based
upon
the
specific
identification
method.
Distributions
received
on
securities
that
represent
a
return
of
capital
or
capital
gains
are
recorded
as
a
reduction
of
cost
of
investments
and/or
as
a
realized
gain.
The
Funds estimate
the
components
of
distributions
received
that
may
be
considered
return
of
capital
distributions
or
capital
gain
distributions.
Multiclass
Operations
and
Allocations:
Income, expenses,
realized
gains
and
losses
and
unrealized
appreciation
and
depreciation
of
a
Fund
are
allocated
on
a
pro
rata
basis
to
each
class
of
shares,
except
for
service
agreement
fees,
distribution
fees
and
transfer
agency
fees
and
expenses, which
are
unique
to
each
class
of
shares.
Most
expenses
of
the
Trust
can
be
directly
attributed
to
a
Fund.
Expenses
that
cannot
be
directly
attributed
are
allocated
to
each
Fund
in
the
Trust
based
upon
the
average
net
assets
of
each
Fund.
Netting
Agreements:
In
the
ordinary
course
of
business,
the
Funds
may
enter
into
transactions
subject
to
enforceable
master
repurchase
agreements,
International
Swaps
and
Derivatives
Association,
Inc.
(ISDA)
master
agreements
or
other
similar
arrangements
(“netting
agreements”).
Generally,
the
right
to
offset
in
netting
agreements
allows
each
Fund
to
offset
certain
securities
and
derivatives
with
a
specific
counterparty,
when
applicable,
as
well
as
any
collateral
received
or
delivered
to
that
counterparty
based
on
the
terms
of
the
agreements.
Generally,
each
Fund
manages
its
cash
collateral
and
securities
collateral
on
a
counterparty
basis.
With
respect
to
certain
counterparties,
in
accordance
with
the
terms
of
the
netting
agreements,
collateral
posted
to
the
Funds
is
held
in
a
segregated
account
by
the
Funds’
custodian
and/or
with
respect
to
those
amounts
which
can
be
sold
or
repledged,
are
presented
in
the
Funds’
Portfolio
of
Investments
or
Statement
of
Assets
and
Liabilities.
Notes
to
Financial
Statements
(Unaudited)
(continued)
150
The
Funds’
investments
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
if
any,
are
further
described
later
in
these
Notes
to
Financial
Statements.
3.
Investment
Valuation
and
Fair
Value
Measurements
The Funds'
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Adviser,
subject
to
oversight
of
the
Board.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
that
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.
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
management’s
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
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level 1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
A
description
of
the
valuation
techniques
applied
to
the Funds'
major
classifications
of
assets
and
liabilities
measured
at
fair
value
follows:
Prices
of
fixed-income
securities
are
provided
by
pricing
services
approved
by
the
Adviser,
which
is
subject
to
review
by
the
Adviser and
oversight
of
the Board.
Pricing
services establish
a
security’s
fair
value
using
methods
that
may
include consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
In
pricing
certain
securities,
particularly
less
liquid
and
lower
quality
securities,
pricing
services
may
consider
information
about
a
security,
its
issuer
or
market
activity
provided
by
the
Adviser.
These
securities
are
generally
classified
as
Level
2.
Equity
securities
and
exchange-traded
funds
listed
or
traded
on
a
national
market
or
exchange
are
valued
based
on
their
last
reported
sales
price
or
official
closing
price
of
such
market
or
exchange
on
the
valuation
date.
Foreign
equity
securities
and
registered
investment
companies
that
trade
on
a
foreign
exchange
are
valued
at
the
last
reported
sales
price
or
official
closing
price
on
the
principal
exchange
where
traded,
and
converted
to
U.S.
dollars
at
the
prevailing
rates
of
exchange
on
the
valuation
date.
For
events
affecting
the
value
of
foreign
securities
between
the
time
when
the
exchange
on
which
they
are
traded
closes
and
the
time
when
the Funds'
net
assets
are
calculated,
such
securities
will
be
valued
at
fair
value
in
accordance
with
procedures
adopted
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
To
the
extent
these
securities
are
actively
traded
and
no
valuation
adjustments
are
applied,
they
are
generally
classified
as
Level
1.
When
valuation
adjustments
are
applied
to
the
most
recent
last
sales
price
or
official
closing
price,
these
securities
are
generally
classified
as
Level
2. 
Investments
in
investment
companies
are
valued
at
their
respective NAVs
or
share
price
on
the
valuation
date
and
are
generally
classified
as Level
1.
Repurchase
agreements
are
valued
at
contract
amount
plus
accrued
interest,
which
approximates
market
value.
These
securities
are
generally
classified
as
Level
2.
Futures
contracts
are
valued
using
the
closing
settlement
price
or,
in
the
absence
of
such
a
price,
the
last
traded
price and
are
generally
classified
as
Level
1.
For
any
portfolio
security
or
derivative
for
which
market
quotations
are
not
readily
available
or
for
which
the
Adviser
deems
the
valuations
derived
using
the
valuation
procedures
described
above
not
to
reflect
fair
value,
the
Adviser
will
determine
a
fair
value
in
good
faith
using
alternative
procedures
approved
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
As
a
general
principle,
the
fair
value
of
a
security
is
the
amount
that
the
owner
might
reasonably
expect
to
receive
for
it
in
a
current
sale.
A
variety
of
factors
may
be
considered
in
determining
the
fair
value
of
such
securities,
which
may
include
consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
To
the
extent
the
inputs
are
observable
and
timely,
the
values
would
be
classified
as Level
2;
otherwise
they
would
be
classified
as
Level
3. 
The
following
table
summarizes
the
market
value
of
the Funds’
investments
as
of
the
end
of
the
current
fiscal
period, based
on
the
inputs
used
to
value
them:
151
Fund
Level
1
Level
2
Level
3
Total
Core
Equity
Long-Term
Investments
:
Common
stocks
$6,076,437,396
$—
$—
$6,076,437,396
Short-Term
Investments
:
Repurchase
agreement
16,515,000
16,515,000
Treasury
debt
664,220
664,220
Total
$6,076,437,396
$17,179,220
$—
$6,093,616,616
1
1
1
1
1
Large
Cap
Growth
Long-Term
Investments
:
Common
stocks
$5,552,134,325
$323,862,448
$—
$5,875,996,773
Short-Term
Investments
:
Government
agency
debt
4,964,101
4,964,101
Repurchase
agreement
51,755,000
51,755,000
Treasury
debt
9,947,175
9,947,175
Total
$5,552,134,325
$390,528,724
$—
$5,942,663,049
1
1
1
1
1
Large
Cap
Value
Long-Term
Investments
:
Common
stocks
$5,749,404,273
$—
$7,267
$5,749,411,540
Short-Term
Investments
:
Repurchase
agreement
35,314,000
35,314,000
Treasury
debt
12,464,785
12,464,785
Total
$5,749,404,273
$47,778,785
$7,267
$5,797,190,325
1
1
1
1
1
Mid
Cap
Growth
Long-Term
Investments
:
Common
stocks
$929,205,065
$76,748,561
$1,537
$1,005,955,163
Rights/Warrants
492,623
492,623
Short-Term
Investments
:
Repurchase
agreement
8,032,000
8,032,000
Investments
purchased
with
collateral
from
securities
lending
25,458,044
25,458,044
Total
$955,155,732
$84,780,561
$1,537
$1,039,937,830
1
1
1
1
1
Mid
Cap
Value
Long-Term
Investments
:
Common
stocks
$1,685,476,427
$—
$—
$1,685,476,427
Short-Term
Investments
:
Repurchase
agreement
2,856,000
2,856,000
Investments
purchased
with
collateral
from
securities
lending
9,851,216
9,851,216
Total
$1,695,327,643
$2,856,000
$—
$1,698,183,643
1
1
1
1
1
Quant
Small
Cap
Equity
Long-Term
Investments
:
Common
stocks
$2,968,489,956
$—
$—
$2,968,489,956
Short-Term
Investments
:
Repurchase
agreement
24,925,000
24,925,000
Treasury
debt
32,377,708
32,377,708
Investments
purchased
with
collateral
from
securities
lending
16,633,420
16,633,420
Investments
in
Derivatives
:
Futures
contracts*
(2,218,690)
(2,218,690)
Total
$2,982,904,686
$57,302,708
$—
$3,040,207,394
1
1
1
1
1
Quant
Small/Mid
Cap
Equity
Long-Term
Investments
:
Common
stocks
$1,265,809,548
$—
$417
$1,265,809,965
Short-Term
Investments
:
Repurchase
agreement
3,439,000
3,439,000
Investments
purchased
with
collateral
from
securities
lending
343,876
343,876
Total
$1,266,153,424
$3,439,000
$417
$1,269,592,841
1
1
1
1
1
Large
Cap
Responsible
Equity
Long-Term
Investments
:
Common
stocks
$6,017,987,817
$—
$—
$6,017,987,817
Short-Term
Investments
:
Treasury
debt
11,985,396
11,985,396
Investments
purchased
with
collateral
from
securities
lending
298,759
298,759
Investments
in
Derivatives
:
Futures
contracts*
(455,977)
(455,977)
Total
$6,017,830,599
$11,985,396
$—
$6,029,815,995
1
1
1
1
1
Notes
to
Financial
Statements
(Unaudited)
(continued)
152
4.
Portfolio
Securities
Repurchase
Agreements:
In
connection
with
transactions
in
repurchase
agreements,
it
is
the Fund’s policy
that
its
custodian
take
possession
of
the
underlying
collateral
securities,
the
fair
value
of
which
exceeds
the
principal
amount
of
the
repurchase
transaction,
including
accrued
interest,
at
all
times.
If
the
counterparty
defaults,
and
the
fair
value
of
the
collateral
declines,
realization
of
the
collateral
may
be
delayed
or
limited.
The
following
table
presents
the
repurchase
agreements
for
the Funds
that
are
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
and
the
collateral
delivered
related
to
those
repurchase
agreements.
Fund
Level
1
Level
2
Level
3
Total
Social
Choice
Low
Carbon
Equity
Long-Term
Investments
:
Common
stocks
$1,141,013,942
$—
$—
$1,141,013,942
Short-Term
Investments
:
Repurchase
agreement
5,447,000
5,447,000
Treasury
debt
2,497,066
2,497,066
Investments
purchased
with
collateral
from
securities
lending
1,640,439
1,640,439
Investments
in
Derivatives
:
Futures
contracts*
(213,784)
(213,784)
Total
$1,142,440,597
$7,944,066
$—
$1,150,384,663
1
1
1
1
1
Emerging
Markets
Equity
Long-Term
Investments
:
Common
stocks
$373,558,330
$1,290,045,425
$223
$1,663,603,978
Short-Term
Investments
:
Government
agency
debt
35,610,652
35,610,652
Repurchase
agreement
13,114,000
13,114,000
Treasury
debt
9,962,613
9,962,613
Investments
purchased
with
collateral
from
securities
lending
758,306
758,306
Total
$374,316,636
$1,348,732,690
$223
$1,723,049,549
1
1
1
1
1
International
Equity
Long-Term
Investments
:
Common
stocks
$579,752,762
$6,176,154,210
$—
$6,755,906,972
Short-Term
Investments
:
Repurchase
agreement
59,699,000
59,699,000
Total
$579,752,762
$6,235,853,210
$—
$6,815,605,972
1
1
1
1
1
International
Opportunities
Long-Term
Investments
:
Common
stocks
$582,989,154
$1,786,489,069
$1,517
$2,369,479,740
Rights/Warrants
1,370
1,370
Short-Term
Investments
:
Government
agency
debt
9,988,278
9,988,278
Repurchase
agreement
22,215,000
22,215,000
Treasury
debt
17,415,857
17,415,857
Investments
purchased
with
collateral
from
securities
lending
41,522,946
41,522,946
Total
$624,512,100
$1,836,109,574
$1,517
$2,460,623,191
1
1
1
1
1
Quant
International
Small
Cap
Equity
Long-Term
Investments
:
Common
stocks
$136,818,094
$1,092,400,516
$6,650
$1,229,225,260
Short-Term
Investments
:
Repurchase
agreement
916,000
916,000
Investments
purchased
with
collateral
from
securities
lending
4,541,035
4,541,035
Total
$141,359,129
$1,093,316,516
$6,650
$1,234,682,295
1
1
1
1
1
International
Responsible
Equity
Long-Term
Investments
:
Common
stocks
$9,976,780
$1,543,792,611
$—
$1,553,769,391
Short-Term
Investments
:
Repurchase
agreement
17,669,000
17,669,000
Investments
purchased
with
collateral
from
securities
lending
13,178,935
13,178,935
Investments
in
Derivatives
:
Futures
contracts*
(437,446)
(437,446)
Total
$22,718,269
$1,561,461,611
$—
$1,584,179,880
1
1
1
1
1
*
Represents
net
unrealized
appreciation
(depreciation).
153
Securities
Lending:
Certain Funds
may
lend
their
securities
to
qualified
institutional
borrowers
to
earn
additional
income.
A
Fund receives
cash
collateral
and
non-cash
collateral
(in
the
form
of
Treasury
securities
or
other
collateral
permitted
by
applicable
law)
against
the
loaned
securities
and
maintains
collateral
in
an
amount
not
less
than
100%
of
the
market
value
of
loaned
securities
during
the
period
of
the
loan;
any
additional
collateral
required
due
to
changes
in
security
values
is
delivered
to
the Fund
the
next
business
day.
Cash
collateral
received
by the
Fund will
generally
be
invested
in
high-quality
short-term
instruments
or
in
one
or
more
funds
maintained
by
the
securities
lending
agent
(“Agent”)
for
the
purpose
of
investing
cash
collateral.
The
value
of
the
loaned
securities
and
the
liability
to
return
the
cash
collateral
received
are
reflected
in
the
Statement
of
Assets
and
Liabilities.
Non-cash
collateral
is
not
disclosed
in
the
Funds’
Statement
of
Assets
and
Liabilities
as
it
is
held
by
the Agent
or
by
a
third-party
bank
engaged
by
the
Agent
as
a
special
"tri-party" custodian on
behalf
of
the Funds,
and
the
Funds
do
not
have
the
ability
to
sell
or
re-hypothecate
those
securities.
As
of
the
end
of
the
current
fiscal
period,
securities
lending
transactions are
for equity
securities,
and
the
resulting
loans
are
continuous,
can
be
recalled
at
any
time,
and
have
no
set
maturity.
Securities
lending
income
recognized
by
the
Funds consists
of
earnings
on
invested
collateral
and
lending
fees,
net
of
any
rebates
to
the
borrower
and
compensation
to
the
Agent.
Such
income
is
reflected
separately
in
the
Statement
of
Operations.
In
lending
its
securities,
a
Fund bears
the
market
risk
with
respect
to
the
investment
of
collateral
and
the
risk
that
the
Agent
may
default
on
its
contractual
obligations
to
the
Fund.
The
Agent
bears
the
risk
that
the
borrower
may
default
on
its
obligation
to
return
the
loaned
securities
as
the
Agent
is
contractually
obligated
to
indemnify
the
Fund if
at
the
time
of
a
default
by
a
borrower
some
or
all
of
the
loan
securities
have
not
been
returned. 
As
of
the
end
of
the
current
fiscal
period,
the
total
value
of
securities
on
loan
and
the
total
value
of
collateral
received
were
as
follows:
Purchases
and
Sales:
 Long-term
purchases
and
sales
(excluding
in-kind
transactions)
during
the
current
fiscal
period were
as
follows:
Fund
Counterparty
Short-term
Investments,
at
Value
Collateral
Pledged
(From)
Counterparty
Core
Equity
Fixed
Income
Clearing
Corporation
$
16,515,000
$
16,845,349
Large
Cap
Growth
Fixed
Income
Clearing
Corporation
51,755,000
52,790,167
Large
Cap
Value
Fixed
Income
Clearing
Corporation
35,314,000
36,020,383
Mid
Cap
Growth
Fixed
Income
Clearing
Corporation
8,032,000
8,192,676
Mid
Cap
Value
Fixed
Income
Clearing
Corporation
2,856,000
2,913,208
Quant
Small
Cap
Equity
Fixed
Income
Clearing
Corporation
24,925,000
25,423,596
Quant
Small/Mid
Cap
Equity
Fixed
Income
Clearing
Corporation
3,439,000
3,507,827
Social
Choice
Low
Carbon
Equity
Fixed
Income
Clearing
Corporation
5,447,000
5,556,008
Emerging
Markets
Equity
Fixed
Income
Clearing
Corporation
13,114,000
13,376,358
International
Equity
Bank
of
New
York
Mellon
25,000,000
25,500,090
International
Equity
Fixed
Income
Clearing
Corporation
34,699,000
35,393,039
International
Opportunities
Fixed
Income
Clearing
Corporation
22,215,000
22,659,475
Quant
International
Small
Cap
Equity
Fixed
Income
Clearing
Corporation
916,000
934,429
International
Responsible
Equity
Fixed
Income
Clearing
Corporation
17,669,000
18,022,544
Aggregate
Value
of
Securities
on
Loan
Fund
Equity
Securities
Cash
Collateral
Received*
Non-Cash
Collateral
Received**
Total
Collateral
Received
Mid
Cap
Growth
$31,584,284
$25,458,044
$7,771,595
$33,229,639
Mid
Cap
Value
9,200,192
9,851,216
9,851,216
Quant
Small
Cap
Equity
32,577,182
16,633,420
18,123,982
34,757,402
Quant
Small/Mid
Cap
Equity
3,630,163
343,876
3,438,013
3,781,889
Large
Cap
Responsible
Equity
287,890
298,759
298,759
Social
Choice
Low
Carbon
Equity
2,229,566
1,640,439
779,371
2,419,810
Emerging
Markets
Equity
7,080,237
758,306
7,157,562
7,915,868
International
Opportunities
58,359,663
41,522,946
21,305,309
62,828,255
Quant
International
Small
Cap
Equity
35,489,404
4,541,035
33,515,137
38,056,172
International
Responsible
Equity
27,363,990
13,178,935
16,343,221
29,522,156
*May
include
cash
and
investment
of
cash
collateral.
**As
of
the
end
of
the
current
fiscal
period,
the
non-cash
collateral
received
by
the
Funds
was
comprised
of
U.S.
Treasury
securities.
Notes
to
Financial
Statements
(Unaudited)
(continued)
154
The Funds
may
purchase
securities
on
a
when-issued
or
delayed-delivery
basis.
Securities
purchased
on
a
when-issued
or
delayed-delivery
basis
may
have
extended
settlement
periods;
interest
income
is
not
accrued
until
settlement
date.
Any
securities
so
purchased
are
subject
to
market
fluctuation
during
this
period.
If
the
Funds have
when-issued/delayed-delivery
purchases
commitments
as
of
the
end
of
the
reporting
period,
such
amounts
are
recognized
on
the
Statement
of
Assets
and
Liabilities.
5.
Derivative
Investments
Each Fund is
authorized
to
invest
in
certain
derivative
instruments.
As
defined
by
U.S.
GAAP,
a
derivative is
a
financial
instrument
whose
value
is
derived
from
an
underlying
security
price,
foreign
exchange
rate,
interest
rate,
index
of
prices
or
rates,
or
other
variables.
Investments
in
derivatives
as
of
the
end
of
and/or
during
the
current
fiscal
period,
if
any,
are
included
within
the
Statement
of
Assets
and
Liabilities
and
the
Statement
of
Operations,
respectively.
Futures
Contracts:
 Certain
Funds
are
subject
to
equity
price
and
interest
rate
risk
in
the
normal
course
of
pursuing
their
investment
objectives.
The Funds
use
futures
contracts
to
manage
exposure
to
the
equity
and
bond
markets and
for
cash
management
purposes
to
remain
highly
invested
in
these
markets
while
minimizing
transaction
costs.
A
futures
contract
is
an
agreement
between
two
parties
to
buy
and
sell
a
financial
instrument
for
a
set
price
on
a
future
date.
Upon
execution
of
a
futures
contract,
the
Fund
is
obligated
to
deposit
cash
or
eligible
securities,
also
known
as
“initial
margin,”
into
an
account
at
its
clearing
broker
equal
to
a
specified
percentage
of
the
contract
amount.
Securities
deposited
for
initial
margin,
if
any,
are
identified
in
the
Portfolio
of
Investments
and
cash
deposited
for
initial
margin,
if
any,
is
reflected
on
the
Statement
of
Assets
and
Liabilities.
During
the
period
the
futures
contract
is
open,
changes
in
the
market
value
of
the
contract
are
recognized
as
an
unrealized
gain
or
loss
by
“marking-to-market”
on
a
daily
basis.
The
Fund
and
the
clearing
broker
are
obligated
to
settle
monies
on
a
daily
basis
representing
the
changes
in
the
value
of
the
contracts.
These
daily
cash
settlements
are
known
as
“variation
margin”
which are
recognized
on
the
Statement
of
Assets
and
Liabilities
as
a
receivable
or
payable
for
variation
margin
on
futures
contracts.
When
the
contract
is
closed
or
expired,
the
Fund
records
a
realized
gain
or
loss
equal
to
the
difference
between
the
value
of
the
contract
on
the
closing
date
and
value
of
the
contract
when
originally
entered
into.
The
net
realized
gain
or
loss
and
the
change
in
unrealized
appreciation
(depreciation)
on
futures
contracts
held
during
the
period
is
included
on
the
Statement
of
Operations.
Risks
of
investments
in
futures
contracts
include
the
possible
adverse
movement
in
the
price
of
the
securities
or
indices
underlying
the
contracts,
the
possibility
that
there
may
not
be
a
liquid
secondary
market
for
the
contracts
and/or
that
a
change
in
the
value
of the
contract
may
not
correlate
with
a
change
in
the
value
of
the
underlying
securities
or
indices.
The
average
notional
amount
of
futures
contracts
outstanding
during
the
current
fiscal
period
was
as
follows:
Fund
Non-U.S.
Government
Purchases
Non-U.S.
Government
Sales
2.1
Core
Equity
$
618,333,110
$
937,109,335
2.2
Large
Cap
Growth
817,087,470
1,244,167,467
2.3
Large
Cap
Value
757,115,143
329,656,625
2.4
Mid
Cap
Growth
217,609,262
282,523,088
2.5
Mid
Cap
Value
537,066,863
645,083,532
2.6
Quant
Small
Cap
Equity
950,409,769
855,479,262
2.7
Quant
Small/Mid
Cap
Equity
476,657,517
444,277,402
2.8
Large
Cap
Responsible
Equity
2,242,026,991
2,717,750,785
2.9
Social
Choice
Low
Carbon
Equity
134,431,261
307,205,023
3.01
Emerging
Markets
Equity
803,906,158
733,823,111
3.1
International
Equity
730,870,597
901,218,290
3.2
International
Opportunities
317,319,879
401,388,272
3.3
Quant
International
Small
Cap
Equity
674,027,221
717,780,660
3.4
International
Responsible
Equity
304,715,550
316,353,967
Fund
Average
Notional
Amount
of
Futures
Contracts
Outstanding*
2.6
Quant
Small
Cap
Equity
$
51,562,794
2.8
Large
Cap
Responsible
Equity
19,080,730
2.9
Social
Choice
Low
Carbon
Equity
6,926,736
3.4
International
Responsible
Equity
16,760,354
*
The
average
notional
amount
is
calculated
based
on
the
absolute
aggregate
notional
amount
of
contracts
outstanding
at
the
beginning
of
the
current
fiscal
period
and
at
the
end
of
each
fiscal
quarter
within
the
current
fiscal
period.
155
As
of the
end
of
the
reporting
period,
the
following Funds
have
invested
in
derivative
contracts
which
are
reflected
in
the
Statement
of
Assets
and
Liabilities
as
follows:
During
the
current
fiscal
period,
the
effect
of
derivative
contracts
on
the Funds'
Statement
of
Operations
was
as
follows:
Asset
Derivatives
Liability
Derivatives
Derivative
Instrument
Risk
Exposure
Location
Value
Location
Value
Quant
Small
Cap
Equity
Futures
contracts
Equity
-
$
Unrealized
depreciation
on
futures
contracts
*
$
(2,218,690)
1
1
1
1
1
1
1
1
Large
Cap
Responsible
Equity
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(455,977)
1
1
1
1
1
1
1
1
Social
Choice
Low
Carbon
Equity
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(213,784)
1
1
1
1
1
1
1
1
International
Responsible
Equity
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(437,446)
1
1
1
1
1
1
1
1
*
Value
represents
the
cumulative
unrealized
appreciation
(depreciation)
of
cleared
derivative
contracts
as
reported
in
the
Fund's
Portfolio
of
Investments.
The
Statement
of
Assets
and
Liabilities
only
reflects
the
current
day
variation
margin
receivable/payable
from/to
brokers
on
open
cleared
derivative
contracts.
Derivative
Instrument
Risk
Exposure
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
2.6
Quant
Small
Cap
Equity
Futures
contracts
Equity
$
5,779,279
$
(348,537)
2.8
Large
Cap
Responsible
Equity
Futures
contracts
Equity
5,259,370
(306,352)
2.9
Social
Choice
Low
Carbon
Equity
Futures
contracts
Equity
2,133,213
(30,512)
3.4
International
Responsible
Equity
Futures
contracts
Equity
2,216,195
(214,537)
Notes
to
Financial
Statements
(Unaudited)
(continued)
156
6.
Fund
Shares
Transactions
in
Fund
shares
during
the
current
and
prior
fiscal
period
were
as
follows:
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.1
Core
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
830,394
$
19,403,928
1,066,600
$
23,020,356
Class
I
63,375
889,269
66,271
957,193
Premier
Class
142,847
2,015,316
58,861
836,429
Class
R6
7,536,266
109,194,333
5,836,911
77,375,803
Retirement
Class
1,266,252
18,870,434
847,898
12,399,595
Class
W
1,169,215
15,792,818
15,152,326
198,864,254
Total
subscriptions
11,008,349
166,166,098
23,028,867
313,453,630
Reinvestments
of
distributions:
Class
A
8,531,049
181,943,682
3,397,446
66,947,456
Class
I
60,952
769,212
17,917
228,420
Premier
Class
99,234
1,254,312
55,653
708,617
Class
R6
23,417,678
295,007,219
8,789,472
111,691,143
Retirement
Class
6,622,580
86,450,380
2,490,097
32,528,002
Class
W
32,455,893
407,321,462
10,835,970
136,316,498
Total
reinvestments
of
distributions
71,187,386
972,746,267
25,586,555
348,420,136
Redemptions:
Class
A
(3,064,398)
(71,137,713)
(4,842,094)
(103,341,168)
Class
I
(36,003)
(493,126)
(48,755)
(649,153)
Premier
Class
(55,489)
(796,122)
(343,208)
(4,951,560)
Class
R6
(8,849,206)
(123,498,706)
(19,765,671)
(274,245,055)
Retirement
Class
(1,889,973)
(27,728,278)
(4,306,009)
(61,272,015)
Class
W
(19,256,122)
(274,272,084)
(37,040,728)
(524,259,086)
Total
redemptions
(33,151,191)
(497,926,029)
(66,346,465)
(968,718,037)
Net
increase
(decrease)
from
shareholder
transactions
49,044,544
$
640,986,336
(17,731,043)
$
(306,844,271)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.2
Large
Cap
Growth
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
945,515
$
22,678,844
1,593,786
$
30,962,118
Class
I
42,355
1,014,900
15,889
314,591
Premier
Class
77,290
1,846,140
95,171
1,762,839
Class
R6
6,287,416
153,917,489
8,596,849
160,967,158
Retirement
Class
1,319,649
31,090,945
2,095,862
41,264,346
Class
W
2,055,967
51,062,212
13,425,170
252,888,169
Total
subscriptions
10,728,192
261,610,530
25,822,727
488,159,221
Reinvestments
of
distributions:
Class
A
88,510
1,463,076
Class
I
266
6,023
686
11,383
Premier
Class
71
1,605
1,637
27,185
Class
R6
148,500
3,370,945
278,362
4,623,586
Retirement
Class
2,689
60,378
18,357
301,793
Class
W
670,234
15,194,214
1,065,651
17,679,144
Total
reinvestments
of
distributions
821,760
18,633,165
1,453,203
24,106,167
Redemptions:
Class
A
(2,034,085)
(49,329,839)
(4,430,891)
(83,221,061)
Class
I
(14,540)
(362,223)
(62,318)
(1,070,074)
Premier
Class
(111,487)
(2,714,011)
(412,955)
(8,020,575)
Class
R6
(9,953,995)
(241,248,976)
(19,438,620)
(356,433,008)
Retirement
Class
(1,314,041)
(31,921,492)
(2,255,408)
(41,859,700)
Class
W
(12,968,453)
(313,337,258)
(31,710,984)
(598,070,577)
Total
redemptions
(26,396,601)
(638,913,799)
(58,311,176)
(1,088,674,995)
Net
increase
(decrease)
from
shareholder
transactions
(14,846,649)
$
(358,670,104)
(31,035,246)
$
(576,409,607)
157
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.3
Large
Cap
Value
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
146,492
$
2,830,306
214,585
$
4,019,654
Class
I
2,239
45,620
6,025
118,229
Premier
Class
914,900
18,520,355
493,688
9,789,623
Class
R6
24,754,176
511,063,130
11,310,657
223,723,159
Retirement
Class
9,154,902
188,263,194
3,140,859
60,966,521
Class
W
1,890,900
39,353,456
10,714,577
210,500,816
Total
subscriptions
36,863,609
760,076,061
25,880,391
509,118,002
Reinvestments
of
distributions:
Class
A
664,368
11,905,473
459,125
8,291,792
Class
I
2,160
41,140
1,143
21,826
Premier
Class
169,913
3,235,151
205,487
3,922,746
Class
R6
8,873,121
169,121,679
5,413,517
103,452,307
Retirement
Class
2,286,087
43,412,796
1,421,753
27,084,386
Class
W
9,601,831
182,818,865
7,272,528
138,905,276
Total
reinvestments
of
distributions
21,597,480
410,535,104
14,773,553
281,678,333
Redemptions:
Class
A
(519,671)
(10,002,654)
(860,073)
(16,015,204)
Class
I
(3,004)
(61,584)
(1,799)
(35,024)
Premier
Class
(77,945)
(1,611,884)
(2,572,170)
(51,041,537)
Class
R6
(3,999,671)
(80,007,259)
(13,839,934)
(271,551,079)
Retirement
Class
(1,187,676)
(23,837,431)
(3,532,950)
(69,689,694)
Class
W
(12,289,304)
(252,916,001)
(34,469,435)
(688,281,406)
Total
redemptions
(18,077,271)
(368,436,813)
(55,276,361)
(1,096,613,944)
Net
increase
(decrease)
from
shareholder
transactions
40,383,818
$
802,174,352
(14,622,417)
$
(305,817,609)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.4
Mid
Cap
Growth
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
144,539
$
2,717,569
257,150
$
4,314,503
Class
I
1,685
35,491
8,523
151,391
Premier
Class
143,187
2,576,240
128,677
2,254,873
Class
R6
159,518
3,128,617
761,900
13,662,934
Retirement
Class
80,241
1,525,495
435,812
7,451,690
Total
subscriptions
529,170
9,983,412
1,592,062
27,835,391
Reinvestments
of
distributions:
Class
A
38,263
607,615
Class
I
5
101
48
804
Premier
Class
6,871
114,134
Class
R6
55,040
1,033,099
200,541
3,369,082
Retirement
Class
57,447
915,705
Total
reinvestments
of
distributions
55,045
1,033,200
303,170
5,007,340
Redemptions:
Class
A
(738,866)
(13,817,553)
(1,178,524)
(19,900,120)
Class
I
(3,182)
(65,007)
(8,991)
(163,676)
Premier
Class
(141,187)
(2,798,665)
(1,076,549)
(19,275,587)
Class
R6
(2,416,452)
(48,056,494)
(7,499,080)
(131,405,678)
Retirement
Class
(1,794,037)
(33,026,087)
(3,242,935)
(54,613,323)
Total
redemptions
(5,093,724)
(97,763,806)
(13,006,079)
(225,358,384)
Net
increase
(decrease)
from
shareholder
transactions
(4,509,509)
$
(86,747,194)
(11,110,847)
$
(192,515,653)
Notes
to
Financial
Statements
(Unaudited)
(continued)
158
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.5
Mid
Cap
Value
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
147,926
$
2,345,829
256,077
$
3,839,590
Class
I
315
4,694
635
10,089
Premier
Class
514,625
7,883,930
315,069
4,927,530
Class
R6
600,286
9,752,273
2,833,140
43,612,111
Retirement
Class
181,926
2,946,337
786,057
12,077,784
Total
subscriptions
1,445,078
22,933,063
4,190,978
64,467,104
Reinvestments
of
distributions:
Class
A
177,785
2,657,881
1,794,076
26,032,046
Class
I
347
5,444
3,309
50,331
Premier
Class
31,668
496,870
472,687
7,189,571
Class
R6
1,092,977
17,159,732
9,382,788
142,899,864
Retirement
Class
378,312
5,890,324
4,041,878
60,991,942
Total
reinvestments
of
distributions
1,681,089
26,210,251
15,694,738
237,163,754
Redemptions:
Class
A
(901,489)
(14,094,209)
(1,329,563)
(19,488,486)
Class
I
(9,494)
(158,564)
(3,712)
(56,801)
Premier
Class
(274,101)
(4,530,708)
(2,116,560)
(32,011,443)
Class
R6
(4,954,966)
(81,840,980)
(9,869,995)
(154,870,516)
Retirement
Class
(3,192,289)
(51,061,488)
(4,862,849)
(74,525,734)
Total
redemptions
(9,332,339)
(151,685,949)
(18,182,679)
(280,952,980)
Net
increase
(decrease)
from
shareholder
transactions
(6,206,172)
$
(102,542,635)
1,703,037
$
20,677,878
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.6
Quant
Small
Cap
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
355,803
$
5,865,234
560,914
$
8,539,269
Class
I
4,768
82,263
11,620
196,454
Premier
Class
759,141
12,303,779
533,640
8,556,994
Class
R6
7,995,795
138,086,890
11,916,915
191,173,401
Retirement
Class
3,597,007
60,058,534
2,399,475
36,860,416
Class
W
862,998
15,129,791
3,035,575
47,729,103
Total
subscriptions
13,575,512
231,526,491
18,458,139
293,055,637
Reinvestments
of
distributions:
Class
A
166,085
2,561,038
505,471
7,324,277
Class
I
996
16,291
3,412
52,375
Premier
Class
46,786
759,812
230,211
3,508,417
Class
R6
2,249,370
36,799,697
5,912,184
90,752,021
Retirement
Class
498,527
7,831,860
1,442,016
21,284,154
Class
W
811,971
13,251,363
2,333,044
35,742,230
Total
reinvestments
of
distributions
3,773,735
61,220,061
10,426,338
158,663,474
Redemptions:
Class
A
(555,797)
(9,078,949)
(894,414)
(13,531,328)
Class
I
(8,744)
(154,145)
(23,124)
(366,050)
Premier
Class
(106,043)
(1,819,401)
(2,505,266)
(40,170,898)
Class
R6
(2,507,044)
(43,070,626)
(12,379,357)
(202,339,757)
Retirement
Class
(1,169,634)
(18,525,689)
(3,172,897)
(48,562,528)
Class
W
(3,987,099)
(68,605,199)
(11,005,574)
(180,387,591)
Total
redemptions
(8,334,361)
(141,254,009)
(29,980,632)
(485,358,152)
Net
increase
(decrease)
from
shareholder
transactions
9,014,886
$
151,492,543
(1,096,155)
$
(33,639,041)
159
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.7
Quant
Small/Mid
Cap
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
294,244
$
4,020,049
386,180
$
4,757,185
Class
I
3,483,484
48,067,151
1,503,636
18,799,259
Premier
Class
Class
R6
2,070,882
28,426,676
3,506,520
42,543,329
Retirement
Class
4,420,136
60,911,567
7,607,800
94,870,828
Class
W
437,739
5,921,101
1,966,233
24,590,891
Total
subscriptions
10,706,485
147,346,544
14,970,369
185,561,492
Reinvestments
of
distributions:
Class
A
36,381
469,309
98,768
1,171,387
Class
I
72,925
948,754
97,241
1,163,005
Premier
Class
Class
R6
112,951
1,467,227
399,271
4,767,290
Retirement
Class
678,507
8,752,745
1,629,553
19,326,503
Class
W
1,443,551
18,751,724
5,052,909
60,331,731
Total
reinvestments
of
distributions
2,344,315
30,389,759
7,277,742
86,759,916
Redemptions:
Class
A
(317,074)
(4,364,068)
(275,130)
(3,360,050)
Class
I
(1,555,435)
(21,455,496)
(320,588)
(4,101,637)
Premier
Class
Class
R6
(782,789)
(10,606,788)
(2,657,154)
(32,892,398)
Retirement
Class
(479,976)
(6,040,395)
(2,000,907)
(24,744,453)
Class
W
(5,768,729)
(79,572,128)
(27,293,415)
(345,411,503)
Total
redemptions
(8,904,003)
(122,038,875)
(32,547,194)
(410,510,041)
Net
increase
(decrease)
from
shareholder
transactions
4,146,797
$
55,697,428
(10,299,083)
$
(138,188,633)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.8
Large
Cap
Responsible
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
534,440
$
12,037,107
980,499
$
20,181,765
Class
I
116,414
3,040,210
320,131
7,460,838
Premier
Class
109,601
2,843,281
501,570
11,776,220
Class
R6
6,383,629
170,127,056
17,453,477
410,513,864
Retirement
Class
104,808
2,820,767
1,215,413
30,316,983
Total
subscriptions
7,248,892
190,868,421
20,471,090
480,249,670
Reinvestments
of
distributions:
Class
A
1,743,814
36,759,578
1,447,972
28,452,626
Class
I
83,889
2,064,516
70,354
1,598,445
Premier
Class
87,731
2,153,793
138,358
3,135,205
Class
R6
9,367,800
230,728,901
8,697,336
197,777,413
Retirement
Class
1,628,579
40,958,754
1,506,586
34,952,806
Total
reinvestments
of
distributions
12,911,813
312,665,542
11,860,606
265,916,495
Redemptions:
Class
A
(1,777,492)
(39,936,410)
(2,998,691)
(61,649,899)
Class
I
(836,120)
(23,089,481)
(278,753)
(6,662,844)
Premier
Class
(284,564)
(7,497,334)
(2,015,630)
(48,871,789)
Class
R6
(19,957,207)
(528,203,494)
(50,882,097)
(1,199,830,114)
Retirement
Class
(3,295,668)
(88,788,188)
(6,671,668)
(160,605,587)
Total
redemptions
(26,151,051)
(687,514,907)
(62,846,839)
(1,477,620,233)
Net
increase
(decrease)
from
shareholder
transactions
(5,990,346)
$
(183,980,944)
(30,515,143)
$
(731,454,068)
Notes
to
Financial
Statements
(Unaudited)
(continued)
160
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
2.9
Social
Choice
Low
Carbon
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
141,523
$
2,857,019
480,733
$
8,573,133
Class
I
8,639
176,409
40,604
716,072
Premier
Class
11,994
245,059
75,099
1,325,866
Class
R6
1,007,033
20,665,777
4,201,480
75,022,506
Retirement
Class
80,953
1,662,094
3,050,217
54,647,984
Total
subscriptions
1,250,142
25,606,358
7,848,133
140,285,561
Reinvestments
of
distributions:
Class
A
49,810
950,867
49,616
837,526
Class
I
3,955
75,747
7,781
131,732
Premier
Class
4,026
77,332
5,737
97,420
Class
R6
381,941
7,317,992
400,725
6,788,288
Retirement
Class
511,166
9,747,935
508,905
8,580,131
Total
reinvestments
of
distributions
950,898
18,169,873
972,764
16,435,097
Redemptions:
Class
A
(310,191)
(6,212,792)
(405,558)
(7,205,792)
Class
I
(49,436)
(987,183)
(275,317)
(5,066,489)
Premier
Class
(72,540)
(1,428,209)
(141,499)
(2,581,379)
Class
R6
(4,223,440)
(85,773,174)
(7,051,616)
(124,431,228)
Retirement
Class
(5,419,382)
(110,111,720)
(1,916,430)
(34,177,884)
Total
redemptions
(10,074,989)
(204,513,078)
(9,790,420)
(173,462,772)
Net
increase
(decrease)
from
shareholder
transactions
(7,873,949)
$
(160,736,847)
(969,523)
$
(16,742,114)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
3.01
Emerging
Markets
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
17,717
$
136,602
297,099
$
2,312,179
Class
I
832
6,900
Premier
Class
57,406
450,886
111,669
848,039
Class
R6
1,044,143
8,085,342
4,237,763
32,243,665
Retirement
Class
145,196
1,130,903
988,139
7,543,670
Class
W
14,147,591
109,371,567
35,544,822
271,575,651
Total
subscriptions
15,412,053
119,175,300
41,180,324
314,530,104
Reinvestments
of
distributions:
Class
A
26,993
205,146
Class
I
69
531
4
29
Premier
Class
20,118
153,700
193
1,418
Class
R6
911,628
6,946,604
15,028
110,456
Retirement
Class
266,869
2,025,539
1,366
10,002
Class
W
7,337,533
55,912,001
1,536,230
11,306,655
Total
reinvestments
of
distributions
8,563,210
65,243,521
1,552,821
11,428,560
Redemptions:
Class
A
(68,397)
(533,505)
(355,858)
(2,726,559)
Class
I
(185)
(1,480)
(14,666)
(107,648)
Premier
Class
(35,658)
(276,952)
(611,711)
(4,813,550)
Class
R6
(3,006,195)
(23,564,576)
(6,345,619)
(47,908,576)
Retirement
Class
(1,294,623)
(10,078,281)
(2,224,386)
(16,883,952)
Class
W
(16,309,223)
(128,781,327)
(66,029,213)
(504,863,996)
Total
redemptions
(20,714,281)
(163,236,121)
(75,581,453)
(577,304,281)
Net
increase
(decrease)
from
shareholder
transactions
3,260,982
$
21,182,700
(32,848,308)
$
(251,345,617)
161
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
3.1
International
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
413,045
$
3,278,082
658,303
$
4,878,591
Class
I
8,341
113,936
2,364
30,001
Premier
Class
1,202,083
15,149,466
613,139
7,392,328
Class
R6
6,514,553
85,037,675
14,257,274
174,657,876
Retirement
Class
488,398
6,710,826
1,471,827
18,619,739
Class
W
11,091,617
144,693,031
23,315,241
288,358,060
Total
subscriptions
19,718,037
254,983,016
40,318,148
493,936,595
Reinvestments
of
distributions:
Class
A
1,219,001
9,044,987
977,250
6,821,204
Class
I
4,042
51,618
3,981
46,930
Premier
Class
102,616
1,278,590
114,195
1,314,382
Class
R6
5,293,275
65,954,208
4,376,215
50,413,993
Retirement
Class
562,880
7,334,328
514,074
6,179,175
Class
W
8,532,680
106,658,498
7,295,845
84,267,010
Total
reinvestments
of
distributions
15,714,494
190,322,229
13,281,560
149,042,694
Redemptions:
Class
A
(1,694,346)
(13,231,271)
(2,728,994)
(20,157,718)
Class
I
(12,269)
(161,746)
(46,005)
(567,738)
Premier
Class
(288,477)
(3,841,381)
(3,023,139)
(38,121,584)
Class
R6
(19,699,348)
(259,707,582)
(29,605,333)
(358,313,811)
Retirement
Class
(3,534,698)
(47,476,586)
(4,820,677)
(61,606,701)
Class
W
(20,812,678)
(278,794,833)
(88,029,202)
(1,068,979,171)
Total
redemptions
(46,041,816)
(603,213,399)
(128,253,350)
(1,547,746,723)
Net
increase
(decrease)
from
shareholder
transactions
(10,609,285)
$
(157,908,154)
(74,653,642)
$
(904,767,434)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
3.2
International
Opportunities
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
26,304
$
382,880
390,013
$
5,432,861
Class
I
25,040
359,962
145,326
1,980,018
Premier
Class
6,995
104,920
15,835
224,870
Class
R6
369,596
5,429,555
1,498,600
20,511,064
Retirement
Class
21,180
303,100
62,307
873,823
Class
W
4,642,164
68,081,004
23,017,235
315,543,747
Total
subscriptions
5,091,279
74,661,421
25,129,316
344,566,383
Reinvestments
of
distributions:
Class
A
23,002
322,714
177
2,347
Class
I
21,527
302,021
920
12,237
Premier
Class
1,788
25,175
64
859
Class
R6
123,969
1,740,525
4,498
59,920
Retirement
Class
63,325
886,546
3,147
41,756
Class
W
2,680,005
37,680,868
232,878
3,104,263
Total
reinvestments
of
distributions
2,913,616
40,957,849
241,684
3,221,382
Redemptions:
Class
A
(292,722)
(4,327,737)
(629,844)
(8,677,153)
Class
I
(318,128)
(4,628,188)
(2,645,531)
(35,981,040)
Premier
Class
(5,365)
(76,452)
(5,959)
(85,658)
Class
R6
(916,071)
(13,354,576)
(1,981,548)
(27,822,718)
Retirement
Class
(711,305)
(10,349,778)
(1,508,628)
(20,862,527)
Class
W
(11,884,653)
(171,498,939)
(39,577,122)
(552,103,316)
Total
redemptions
(14,128,244)
(204,235,670)
(46,348,632)
(645,532,412)
Net
increase
(decrease)
from
shareholder
transactions
(6,123,349)
$
(88,616,400)
(20,977,632)
$
(297,744,647)
Notes
to
Financial
Statements
(Unaudited)
(continued)
162
7.
Income
Tax
Information
Each
Fund
is
a
separate
taxpayer
for
federal
income
tax
purposes.
Each
Fund
intends
to
distribute
substantially
all
of
its
net
investment
income
and
net
capital
gains
to
shareholders
and
otherwise
comply
with
the
requirements
of
Subchapter
M
of
the
Internal
Revenue
Code
applicable
to
regulated
investment
companies.
Therefore,
no
federal
income
tax
provision
is
required.
Each
Fund
files
income
tax
returns
in
U.S.
federal
and
applicable
state
and
local
jurisdictions.
A
Fund’s
federal
income
tax
returns
are
generally
subject
to
examination
for
a
period
of
three
fiscal
years
after
being
filed.
State
and
local
tax
returns
may
be
subject
to
examination
for
an
additional
period
of
time
depending
on
the
jurisdiction.
Management
has
analyzed
each
Fund’s
tax
positions
taken
for
all
open
tax
years
and
has
concluded
that
no
provision
for
income
tax
is
required
in
the
Fund’s
financial
statements.
As
of
the
end
of
the
reporting
period,
the
aggregate
cost
and
the
net
unrealized
appreciation/(depreciation)
of
all
investments
for
federal
income
tax
purposes
were
as
follows:
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
3.3
Quant
International
Small
Cap
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
6,531
$
67,920
4,692
$
47,336
Class
I
1,854
20,056
1,063
10,500
Premier
Class
Class
R6
196,256
2,051,163
481,377
4,580,068
Retirement
Class
45,845
466,344
64,908
621,436
Class
W
2,658,993
27,900,271
9,003,935
85,439,265
Total
subscriptions
2,909,479
30,505,754
9,555,975
90,698,605
Reinvestments
of
distributions:
Class
A
2,450
23,963
2,802
25,779
Class
I
33
325
Premier
Class
Class
R6
214,656
2,092,896
246,987
2,264,874
Retirement
Class
21,911
213,633
31,212
285,902
Class
W
4,217,705
41,164,803
4,848,269
44,458,629
Total
reinvestments
of
distributions
4,456,755
43,495,620
5,129,270
47,035,184
Redemptions:
Class
A
(6,721)
(65,373)
(9,254)
(88,434)
Class
I
(1,096)
(11,367)
Premier
Class
Class
R6
(475,184)
(4,899,408)
(1,648,137)
(15,784,111)
Retirement
Class
(118,323)
(1,220,014)
(304,494)
(2,908,646)
Class
W
(7,458,599)
(76,885,915)
(33,267,454)
(319,494,946)
Total
redemptions
(8,059,923)
(83,082,077)
(35,229,339)
(338,276,137)
Net
increase
(decrease)
from
shareholder
transactions
(693,689)
$
(9,080,703)
(20,544,094)
$
(200,542,348)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
3.4
International
Responsible
Equity
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
224,495
$
2,901,679
825,344
$
9,987,563
Class
I
113,647
1,463,640
394,435
4,709,960
Premier
Class
916
11,573
29,726
354,765
Class
R6
7,216,716
92,805,581
16,877,883
199,416,898
Retirement
Class
598,072
7,516,902
9,305,220
110,445,196
Total
subscriptions
8,153,846
104,699,375
27,432,608
324,914,382
Reinvestments
of
distributions:
Class
A
73,378
901,080
40,581
458,165
Class
I
29,908
367,874
16,411
185,604
Premier
Class
212
2,620
556
6,305
Class
R6
1,621,242
19,957,489
990,732
11,205,179
Retirement
Class
1,704,801
20,917,902
959,037
10,817,941
Total
reinvestments
of
distributions
3,429,541
42,146,965
2,007,317
22,673,194
Redemptions:
Class
A
(221,126)
(2,825,056)
(521,218)
(6,281,126)
Class
I
(78,634)
(1,013,209)
(216,827)
(2,629,020)
Premier
Class
(33,597)
(426,625)
(8,517)
(102,735)
Class
R6
(6,640,722)
(85,032,623)
(20,432,948)
(249,749,819)
Retirement
Class
(2,922,435)
(38,006,854)
(634,227)
(7,768,805)
Total
redemptions
(9,896,514)
(127,304,367)
(21,813,737)
(266,531,505)
Net
increase
(decrease)
from
shareholder
transactions
1,686,873
$
19,541,973
7,626,188
$
81,056,071
163
For
purposes
of
this
disclosure,
tax
cost
generally
includes
the
cost
of
portfolio
investments
as
well
as
up-front
fees
or
premiums
exchanged
on
derivatives
and
any
amounts
unrealized
for
income
statement
reporting
but
realized
income
and/or
capital
gains
for
tax
reporting,
if
applicable. 
As
of
prior
fiscal
period end,
the
components
of
accumulated
earnings
on
a
tax
basis
were
as
follows:
As
of
prior
fiscal
period
end,
the
Funds
had
capital
loss
carryforwards,
which
will
not
expire:
Fund
Tax
Cost
Gross
Unrealized
Appreciation
Gross
Unrealized
(Depreciation)
Net
Unrealized
Appreciation
(Depreciation)
2.1
Core
Equity
$3,826,169,853
$2,372,648,631
$(105,201,868)
$2,267,446,763
2.2
Large
Cap
Growth
2,928,484,009
3,181,681,407
(167,502,367)
3,014,179,040
2.3
Large
Cap
Value
3,824,006,465
2,037,765,126
(64,581,266)
1,973,183,860
2.4
Mid
Cap
Growth
871,505,194
242,349,215
(73,916,579)
168,432,636
2.5
Mid
Cap
Value
1,421,426,384
321,117,168
(44,359,909)
276,757,259
2.6
Quant
Small
Cap
Equity
2,530,322,281
711,386,194
(201,501,081)
509,885,113
2.7
Quant
Small/Mid
Cap
Equity
1,026,554,809
307,200,350
(64,162,318)
243,038,032
2.8
Large
Cap
Responsible
Equity
3,900,754,772
2,289,116,138
(160,054,915)
2,129,061,223
2.9
Social
Choice
Low
Carbon
Equity
895,434,128
328,589,900
(73,639,365)
254,950,535
3.01
Emerging
Markets
Equity
1,649,066,654
342,028,641
(268,045,746)
73,982,895
3.1
International
Equity
5,000,518,813
2,001,382,986
(186,295,827)
1,815,087,159
3.2
International
Opportunities
1,870,763,140
725,395,730
(135,535,679)
589,860,051
3.3
Quant
International
Small
Cap
Equity
1,150,611,088
162,285,445
(78,214,238)
84,071,207
3.4
International
Responsible
Equity
1,397,963,605
281,386,210
(95,169,935)
186,216,275
Fund
Undistributed
Ordinary
Income
Undistributed
Long-Term
Capital
Gains
Unrealized
Appreciation
(Depreciation)
Capital
Loss
Carryforwards
Late-Year
Loss
Deferrals
Other
Book-to-Tax
Differences
Total
2.1
Core
Equity
$150,318,716
$829,891,273
$1,335,303,148
$–
$–
$(184,682)
$2,315,328,455
2.2
Large
Cap
Growth
18,726,424
2,028,922,755
(30,156,425)
(140,159)
2,017,352,595
2.3
Large
Cap
Value
137,352,447
254,004,132
1,161,470,611
(183,372)
1,552,643,818
2.4
Mid
Cap
Growth
(7,477,979)
(139,158,178)
(56,796)
(146,692,953)
2.5
Mid
Cap
Value
18,210,748
76,036,246
(71,585,003)
(128,606)
22,533,385
2.6
Quant
Small
Cap
Equity
20,262,729
29,905,359
85,843,591
(89,294)
135,922,385
2.7
Quant
Small/Mid
Cap
Equity
9,149,741
17,921,159
72,742,377
(16,036)
99,797,241
2.8
Large
Cap
Responsible
Equity
73,473,021
240,566,692
1,651,252,425
(114,971)
1,965,177,167
2.9
Social
Choice
Low
Carbon
Equity
16,418,147
69,562,744
(8,800)
85,972,091
3.01
Emerging
Markets
Equity
60,674,606
(136,354,160)
(392,897,153)
(43,452)
(468,620,159)
3.1
International
Equity
179,256,605
816,654,473
(469,316,239)
(161,118)
526,433,721
3.2
International
Opportunities
41,075,278
254,879,852
(765,261,798)
(49,706)
(469,356,374)
3.3
Quant
International
Small
Cap
Equity
40,092,699
(57,672,813)
(175,413,893)
(19,574)
(193,013,581)
3.4
International
Responsible
Equity
44,485,488
(610,733)
(17,660,898)
(9,392)
26,204,465
Fund
Short-Term
Long-Term
Total
2.1
Core
Equity
$–
$–
$–
2.2
Large
Cap
Growth
29,665,652
490,773
30,156,425
2.3
Large
Cap
Value
2.4
Mid
Cap
Growth
101,284,395
37,873,783
139,158,178
2.5
Mid
Cap
Value
51,285,445
20,299,558
71,585,003
2.6
Quant
Small
Cap
Equity
2.7
Quant
Small/Mid
Cap
Equity
2.8
Large
Cap
Responsible
Equity
2.9
Social
Choice
Low
Carbon
Equity
3.01
Emerging
Markets
Equity
212,030,616
180,866,537
392,897,153
3.1
International
Equity
257,044,008
212,272,231
469,316,239
3.2
International
Opportunities*
660,880,379
104,381,419
765,261,798
3.3
Quant
International
Small
Cap
Equity
141,293,019
34,120,874
175,413,893
3.4
International
Responsible
Equity
2,937,128
14,723,770
17,660,898
*
A
portion
of
International
Opportunities'
capital
loss
carryforwards
is
subject
to
limitation
under
the
Internal
Revenue
Code
and
regulated
regulations.
Notes
to
Financial
Statements
(Unaudited)
(continued)
164
8.
Investment
Adviser
and
Other
Transactions
with
Affiliates
Under
the
terms
of
the
Investment
Management
Agreement
with
respect
to
each
Fund, the
Adviser provides
asset
management
services
to
the
Fund
for
an
annual
fee,
payable
monthly.
The
Funds
have
entered
into
an
Administrative
Service
Agreement
with
the
Adviser
under
which
the
Funds
pay the
Adviser for
its
costs
in
providing
certain
administrative
and
compliance
services
to
the
Funds.
Under
the
terms
of
a
Retirement
Class
Service
Agreement
with
respect
to
each
Fund,
the
Retirement
Class
of
the
Fund
incurs
an
annual
fee
of
0.25%
of
the
daily
net
assets,
payable
monthly
to
the
Adviser,
for
certain
administrative
costs
associated
with
the
maintenance
of
Retirement
Class
shares
on
retirement
plan
or
other
platforms.
Substantially
all
of
the
Retirement
Class
shareholder
servicing
fees
reported
on
the
Statement
of
Operations
are
paid
to
the
Adviser
under
the
Service
Agreement.
Under
the
terms
of
a
distribution
Rule
12b-1
plan, Class
A
shares of
each
Fund
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to Class
A
shares of
the
Fund
at
the
annual
rate
of
0.25%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Class
A
shares.
The
Premier
Class
of
each
Fund
is
subject
to
a
distribution
Rule
12b-1
plan
that
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to
the
Premier
Class
of
the
Fund
at
the
annual
rate
of
0.15%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Premier
Class.
The
Adviser has
contractually
agreed
to
waive
and/or
reimburse
Class
W’s
shares’
Management
fees
and
Other
expenses
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses,
trustee
expenses
and
extraordinary
expenses)
in
their
entirety.
The
Adviser
expects
this
waiver
and/or
reimbursement
to
remain
in
effect
indefinitely,
unless
changed
or
terminated
with
approval
of
the
Board.
The
Management
fees
and
Other
expenses
of
Class
W
shares
that
have
been
waived
by the
Adviser may
be
incurred
directly
or
indirectly,
all
or
in
part,
by
investors
in
Class
W
shares.
The
Adviser
has
agreed
to
reimburse
each
Fund
if
its
total
expense
ratio
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses
and
extraordinary
expenses)
exceeds
certain
percentages.
As
of
the
end
of
the
reporting
period,
the
investment
management
fee,
service
agreement
fee,
distribution
fee
and
maximum
expense
amounts
(after
waivers
and
reimbursements)
are
equal
to
the
following
noted
annual
percentage
of
average
daily
net
assets
for
each
class:
Effective
May
1,
2023,
for
a
one
year
period, the
Adviser agreed
to
voluntarily
waive
a
portion
of
the
investment
management
fee
and/or
the
expense
cap
for
certain
funds.
This
waiver
is
voluntary
in
nature
and
can
be
discontinued
at
any
time
without
prior
notice
to
shareholders
upon
Board
approval.
The
investment
management
fee
and
maximum
expense
amounts
(after
voluntary
waivers)
are
equal
to
the
following
noted
annual
percentage
of
average
daily
net
assets
for
each
class,
inclusive
of
voluntary
and
contractual
waivers:
Investment
Management
Fee
Range
Investment
Management
Fee-
Effective
Rate
Maximum
Expense
Amounts‡
Fund
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
2.1
Core
Equity*
0.300
%
—0.450
%
0.395
%
0.870
%
0.670
%
0.670
%
0.520
%
0.770
%
0.520
%
2.2
Large
Cap
Growth*
0.300
%
—0.450
%
0.395
0.870
0.670
0.670
0.520
0.770
0.520
2.3
Large
Cap
Value*
0.300
%
—0.450
%
0.400
0.870
0.670
0.670
0.520
0.770
0.520
2.4
Mid
Cap
Growth*
0.290
%
—0.480
%
0.463
0.900
0.700
0.700
0.550
0.800
2.5
Mid
Cap
Value*
0.290
%
—0.480
%
0.443
0.900
0.700
0.700
0.550
0.800
2.6
Quant
Small
Cap
Equity*
0.270
%
—0.460
%
0.399
0.880
0.680
0.680
0.530
0.780
0.530
2.7
Quant
Small/Mid
Cap
Equity*
0.270
%
—0.460
%
0.436
0.880
0.680
0.680
0.530
0.780
0.530
2.8
Large
Cap
Responsible
Equity
0.150
%
0.150
0.570
0.370
0.370
0.220
0.470
2.9
Social
Choice
Low
Carbon
Equity*
0.200
%
—0.250
%
0.248
0.670
0.470
0.470
0.320
0.570
3.01
Emerging
Markets
Equity*
0.700
%
—0.850
%
0.838
1.300
1.100
1.100
0.950
1.200
0.950
3.1
International
Equity*
0.350
%
—0.500
%
0.441
0.950
0.750
0.750
0.600
0.850
0.600
3.2
International
Opportunities*
0.450
%
—0.600
%
0.577
1.050
0.850
0.850
0.700
0.950
0.700
3.3
Quant
International
Small
Cap
Equity*
0.500
%
—0.650
%
0.645
1.100
0.900
0.900
0.750
1.000
0.750
3.4
International
Responsible
Equity*
0.250
%
—0.300
%
0.296
0.750
0.550
0.550
0.400
0.650
*
This
Fund
is
subject
to
a
breakpoint
schedule
on
its
investment
management
fee,
which
reduces
this
fee
as
the
Fund’s
net
assets
increase.
Maximum
expense
amounts
reflect
all
expenses
excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
Acquired
fund
fees
and
expenses
and
extraordinary
expenses.
The
expense
reimbursement
arrangements
will
continue
through
at
least
February
28,
2025.
The
reimbursement
arrangements
can
only
be
changed
with
the
approval
of
the
Board.
165
The
Funds
receive
voluntary
compensation
from
the
Adviser
in
amounts
that
approximate
the
cost
of
research
services
obtained
from
broker-dealers
and
research
providers
if
the
Adviser
had
purchased
the
research
services
directly.
This
income
received
by
the
Funds,
which
is
disclosed
below, is
recognized
in
"Other
income"
on
the
Statement
of
Operations
and
any
amounts
due
to
the
Funds
at
the
end
of
the
reporting
period
are
recognized
in
"Reimbursement
from
Adviser"
on
the
Statement
of
Assets
and
Liabilities.
During
the
current
fiscal
period,
the
values
of
voluntary
compensation
were
as
follows:
The Funds may
purchase
or
sell
investment
securities
in
transactions
with
affiliated
entities
under
procedures
adopted
by
the
Board,
pursuant
to
the
1940
Act.
These
transactions
are
effected
at
market
rates
without
incurring
broker
commissions.
During
the
current
fiscal
period,
the
Funds
engaged
in
the
following
security
transactions
with
affiliated
entities: 
A
registered
separate
account
of
TIAA
(collectively
“TIAA
Access”)
has
various
sub-accounts
that
invest
in
the
Funds,
and
certain
funds
within
the
Trust
also
make
investments
in
the
Funds.
The
following
is
the
percentage
of
the
Funds'
shares
owned
by
affiliates
as
of
the
end
of
the
current
fiscal
period:
Investment
Management
Fee
Range
Maximum
Expense
Amounts‡
Fund
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
2.1
Core
Equity*
0.295
%
—0.445
%
0.865
%
0.665
%
0.665
%
0.515
%
0.765
%
0.515
%
2.5
Mid
Cap
Value*
0.285
%
—0.475
%
0.895
0.695
0.695
0.545
0.795
2.8
Large
Cap
Responsible
Equity
0.140
%
0.560
0.360
0.360
0.210
0.460
2.9
Social
Choice
Low
Carbon
Equity*
0.200
%
—0.250
%
0.605
0.405
0.405
0.255
0.505
*
This
Fund
is
subject
to
a
breakpoint
schedule
on
its
investment
management
fee,
which
reduces
this
fee
as
the
Fund’s
net
assets
increase.
Maximum
expense
amounts
reflect
all
expenses
excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
Acquired
fund
fees
and
expenses
and
extraordinary
expenses.
The
reimbursement
arrangements
can
only
be
changed
with
the
approval
of
the
Board.
Fund
Value
2.1
Core
Equity
$222,145
2.2
Large
Cap
Growth
440,475
2.3
Large
Cap
Value
327,661
2.4
Mid
Cap
Growth
78,673
2.5
Mid
Cap
Value
135,636
3.01
Emerging
Markets
Equity
164,917
3.1
International
Equity
501,131
3.2
International
Opportunities
189,982
Fund
Purchases
Sales
Realized
Gain
(Loss)
Core
Equity
$
2,568,828
$
5,314,301
$
38,400
Large
Cap
Growth
6,910,168
99,471,280
15,995,890
Large
Cap
Value
3,898,610
560,981
Mid
Cap
Growth
250,737
22,709
Quant
Small
Cap
Equity
3,050,388
695,502
108,066
Quant
Small/Mid
Cap
Equity
218,262
1,206,946
37,107
Large
Cap
Responsible
Equity
5,931,081
24,740,150
3,472,214
Social
Choice
Low
Carbon
Equity
2,360,564
6,792,578
886,605
Quant
International
Small
Cap
Equity
10,204,175
204,848
28,019
International
Responsible
Equity
14,584,294
7,861,117
(3,070,332)
Underlying
Fund
Nuveen
Lifecycle
Funds
Nuveen
Lifestyle
Funds
Nuveen
Managed
Allocation
Fund
TIAA
Access
Total
2.1
Core
Equity
41
%
2
%
1
%
5
%
49
%
2.2
Large
Cap
Growth
44
2
1
3
50
2.3
Large
Cap
Value
37
2
1
10
50
2.4
Mid
Cap
Growth
18
18
2.5
Mid
Cap
Value
24
24
2.6
Quant
Small
Cap
Equity
17
1
11
29
2.7
Quant
Small/Mid
Cap
Equity
48
2
1
51
2.8
Large
Cap
Responsible
Equity
5
5
2.9
Social
Choice
Low
Carbon
Equity
2
2
3.01
Emerging
Markets
Equity
83
3
2
1
89
3.1
International
Equity
51
2
1
9
63
3.2
International
Opportunities
87
4
2
93
3.3
Quant
International
Small
Cap
Equity
93
4
2
99
3.4
International
Responsible
Equity
9
9
Notes
to
Financial
Statements
(Unaudited)
(continued)
166
Companies
in
which a
Fund holds
5%
or
more
of
the
outstanding
voting
shares
are
considered
“affiliated
companies”
of
the
Fund, pursuant
to
the
1940
Act.
Information
regarding
transactions
with
affiliated
companies
is
as
follows:
9.
Emerging
Markets
Risks
The
Emerging
Markets
Equity
Fund
holds
a
large
portion
of
its
assets
in
emerging
market
securities.
Emerging
market
securities
are
often
subject
to
greater
price
volatility,
less
liquidity
and
higher
rates
of
inflation
and
deflation
than
U.S.
securities.
In
addition,
emerging
markets
may
be
subject
to
greater
political,
economic
and
social
uncertainty,
and
differing
regulatory
environments
that
may
potentially
impact
the
Fund’s
ability
to
buy
or
sell
certain
securities
or
repatriate
proceeds
to
U.S.
dollars.
10.
Inter-Fund
Lending
Program
Pursuant
to
an
exemptive
order
issued
by
the
SEC,
the
Funds may
participate
in
an
inter-fund
lending
program.
This
program
allows
the
Funds to
lend
cash
to
and/or
borrow
cash
from
certain
other
affiliated
Funds for
temporary
purposes,
(e.g.,
to
satisfy
redemption
requests
or
to
cover
unanticipated
cash
shortfalls).
The
program
is
subject
to
a
number
of
conditions,
including
the
requirement
that
no
Fund may
borrow
or
lend
money
under
the
program
unless
it
receives
a
more
favorable
interest
rate
than
is
available
from
a
bank
or
other
financial
institution
for
a
comparable
transaction.
In
addition,
a
Fund may
participate
in
the
program
only
if
its
participation
is
consistent
with
the
Fund’s investment
policies
and
limitations
and
authorized
by
its
portfolio
manager(s).
During the current
fiscal
period,
there
were
no
inter-fund
borrowing
or
lending
transactions. 
11.
Line
of
Credit
The Funds
participate
in
a
$1
billion
unsecured
revolving
credit
facility
that
can
be
used
for
temporary
purposes,
including,
without
limitation,
the
funding
of
shareholder
redemptions.
The
current
facility
was
entered
into
on
June
13,
2023
expiring
on
June
11,
2024,
replacing
the
previous facility,
which
expired
June
2023.
Certain
affiliated
accounts
and
mutual
funds,
each
of
which
is
managed
by the
Adviser,
or
an
affiliate
of
the
Adviser, also
participate
in
this
facility.
An
annual
commitment
fee
for
the
credit
facility
is
borne
by
the
participating
accounts
and
mutual
funds
on
a
pro
rata
basis.
Interest
associated
with
any
borrowing
under
the
facility
is
charged
to
the
borrowing
accounts
or
mutual
funds
at
a
specified
rate
of
interest.
The Funds are
not
liable
for
borrowings
under
the
facility
by
other
affiliated
accounts
or
mutual
funds.
There
were
no
borrowings
under
this
credit
facility
by
the
Funds during
the
current fiscal
period.
12.
Subsequent
Events
Administrative
Services
Agreement:
The
Adviser
has
agreed
to
gradually
reduce
expenses
allocated
to
the
Funds
under
the
Administrative
Services
Agreement
over
a
three-year
period
commencing
May
1,
2024.
After
the
expiration
of
this
three-year
period,
the
Adviser
will
no
longer
allocate
expenses
to
the
Funds
under
the
Administrative
Services
Agreement.
Committed
Line
of
Credit:
During
June
2024,
the
Funds,
along
with
certain
other
funds
managed
by
the
Adviser
(“Participating
Funds”),
have
established
a
364-day,
$2.700
billion
standby
credit
facility
with
a
group
of
lenders,
under
which
the
Participating
Funds
may
borrow
for
temporary
purposes
(other
than
on-going
leveraging
for
investment
purposes),
and
replaces
the
previous
facility.
Each
Participating
Fund
is
allocated
a
designated
proportion
of
the
facility’s
capacity
(and
its
associated
costs,
as
described
below)
based
upon
a
multi-factor
assessment
of
the
likelihood
and
frequency
of
its
need
to
draw
on
the
facility,
the
size
of
the
Fund
and
its
anticipated
draws,
and
the
potential
importance
of
such
draws
to
the
operations
and
well-being
of
the
Fund,
relative
to
those
of
the
other
Funds.
A
Fund
may
effect
draws
on
the
facility
in
excess
of
its
designated
capacity
if
and
to
the
extent
that
other
Participating
Funds
have
undrawn
capacity.
The
credit
facility
expires
in
June
2025.
The
credit
facility
has
the
following
terms:
0.15%
per
annum
on
unused
commitment
amounts
and
a
drawn
interest
rate
equal
to
the
higher
of
(a)
OBFR
(Overnight
Bank
Funding
Rate)
plus
1.20%
per
annum
or
(b)
the
Fed
Funds
Effective
Rate
plus
1.20%
per
annum
on
amounts
borrowed.
Interest
expense
incurred
by
the
Participating
Funds,
when
applicable,
is
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations.
Participating
Funds
paid
administration,
legal
and
arrangement
fees,
which
are
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations,
and
along
with
commitment
fees,
have
been
allocated
among
such
Participating
Funds
based
upon
the
relative
proportions
of
the
facility’s
aggregate
capacity
reserved
for
them
and
other
factors
deemed
relevant
by
the
Adviser
and
the
Board
of
each
Participating
Fund.
Issue
Value
at
10/31/23
Purchases
Cost
Sales
Proceeds
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Dividend
Income
Shares
at
4/30/24
Value
at
4/30/24
Emerging
Markets
Equity
Common
stocks
Brazil
Arcos
Dorados
Holdings,
Inc
$
62,171,748
$
$
$
$
12,131,073
$
689,266
6,892,655
$
74,302,821
Total
$62,171,748
$–
$–
$–
$12,131,073
$689,266
6,892,655
$74,302,821
167
Management
Fees:
Effective
May
1,
2024,
the
management
fee
schedule
for
each
Fund,
other
than
the
Large
Cap
Responsible
Equity
Fund,
consists
of
two
components:
a
Fund-level
fee,
based
only
on
the
amount
of
assets
within
a
Fund,
and
a
complex-level
fee,
based
on
the
aggregate
amount
of
all
eligible
assets
managed
by
the
Adviser
and
Nuveen
Fund
Advisors,
LLC
(“Nuveen
Fund
Advisors”).
As
of
May
1,
2024
for
each
Fund
subject
to
the
complex-level
fee,
each
breakpoint
in
each
such
Fund’s
investment
management
fee
breakpoint
schedule
effective
prior
to
May
1,
2024,
as
disclosed
in
the
investment
management
fee
ranges
in
Note
8,
was
reduced
by
0.1600%.
These
revised
investment
management
fee
breakpoint
schedules
constitute
each
such
Fund's
Fund-level
fee.
As
of
May
1,
2024
for
each
Fund
subject
to
the
complex-level
fee,
each
Fund’s
overall
complex-level
fee
begins
at
a
maximum
rate
of
0.1600%
of
a
Fund’s
average
daily
net
assets,
with
breakpoints
for
eligible
complex-level
assets
above
$124.3
billion.
Therefore,
the
maximum
management
fee
rate
for
each
such
Fund
is
the
Fund-level
fee
plus
0.1600%.
The
complex-level
fee
rate
for
each
such
Fund
is
determined
by
taking
the
current
overall
complex-level
fee
rate
and
applying
that
rate
to
all
eligible
assets
of
the
fund.
With
respect
to
the
assets
of
each
such
Fund
that
are
not
eligible
assets,
those
assets
are
subject
to
the
maximum
complex
–level
fee
rate
(0.1600%).
As
of
May
1,
2024,
11%
of
the
net
assets
of
each
such
Fund
are
eligible
assets,
and
that
percentage
will
increase
annually
until
May
1,
2033,
at
which
time
eligible
assets
will
include
all
of
the
net
assets
of
a
Fund.
The
current
overall
complex-level
fee
schedule
is
as
follows:
For
the
Large
Cap
Responsible
Equity
Fund,
the
management
fee
schedule
consists
of
one
component,
a
Fund-level
fee,
based
on
the
amount
of
assets
within
a
Fund,
and
there
are
no
changes
to
the
investment
management
fees
disclosed
in
Note
8.
Sales
Charge:
Effective
May
6,
2024,
a
sales
charge
is
imposed
on
purchases
of
Class
A
shares
(formerly
Retail
Class
shares)
of
the
Funds
of
less
than
certain
amounts,
as
set
forth
in
the
Funds’
prospectus.
Therefore,
effective
as
of
May
6,
2024,
Class
A
shares
are
available
for
purchase
at
the
offering
price,
which
will
be
the
net
asset
value
(“NAV”)
per
share
plus
an
up-front
sales
charge.
Shareholders
with
an
account
held
directly
with
a
Fund
that
held
Class
A
shares
of
the
Funds
prior
to
May
6,
2024
will
not
be
subject
to
the
sales
charge
on
any
future
purchases
or
redemptions
of
Class
A
shares
of
that
Fund
or
any
other
fund
that
is
a
series
of
the
TIAA-CREF
Funds
or
is
a
Nuveen
Fund
in
their
account.
Such
shareholders
will
be
able
to
purchase
Class
A
shares
at
NAV.
Voluntary
Waivers:
The
Adviser
has
agreed
to
implement
voluntary
waivers
reducing
the
expense
cap
for
several
Funds
for
one
year
effective
May
1,
2024.
These
waivers
are
voluntary
in
nature
and
can
be
discontinued
at
any
time
without
prior
notice
to
shareholders
upon
Board
approval.
During
this
one-year
period,
the
expense
cap
after
the
waiver
for
each
Fund
is
as
follows:
Complex
Level
Asset
Breakpoint
Level*
Complex
Level
Fee
For
the
first
$124.3
billion
0.1600%
For
the
next
$75.7
billion
0.1350
For
the
next
$200
billion
0.1325
For
eligible
assets
over
$400
billion
0.1300
*
The
complex-level
fee
is
calculated
based
upon
the
aggregate
daily
“eligible
assets”
of
all
Nuveen-branded
closed-end
funds
and
Nuveen-branded
open-end
funds
(“Nuveen
Mutual
Funds”).
Except
as
described
below,
eligible
assets
include
the
assets
of
all
Nuveen-branded
closed-end
funds
and
Nuveen
Mutual
Funds
organized
in
the
United
States.
Eligible
assets
do
not
include
the
net
assets
of:
Nuveen
fund-of-funds,
Nuveen
money
market
funds,
Nuveen
index
funds,
Nuveen
Large
Cap
Responsible
Equity
Fund
or
Nuveen
Life
Large
Cap
Responsible
Equity
Fund.
In
addition,
eligible
assets
include
a
fixed
percentage
of
the
aggregate
net
assets
of
the
active
equity
and
fixed
income
Nuveen
Mutual
Funds
advised
by
the
Adviser
(except
those
identified
above).
The
fixed
percentage
will
increase
annually
until
May
1,
2033,
at
which
time
eligible
assets
will
include
all
of
the
aggregate
net
assets
of
Adviser-advised
active
equity
and
fixed
income
Nuveen
Mutual
Funds
(except
those
identified
above).
Eligible
assets
include
closed-end
fund
assets
managed
by
Nuveen
Fund
Advisors
that
are
attributable
to
financial
leverage.
For
these
purposes,
financial
leverage
includes
the
closed-end
funds’
use
of
preferred
stock
and
borrowings
and
certain
investments
in
the
residual
interest
certificates
(also
called
inverse
floating
rate
securities)
in
tender
option
bond
(TOB)
trusts,
including
the
portion
of
assets
held
by
a
TOB
trust
that
has
been
effectively
financed
by
the
trust’s
issuance
of
floating
rate
securities,
subject
to
an
agreement
by
Nuveen
Fund
Advisors
as
to
certain
funds
to
limit
the
amount
of
such
assets
for
determining
eligible
assets
in
certain
circumstances.
Fund
Waiver
Maximum
Expense
Amounts
Social
Choice
Low
Carbon
Equity
-
Class
A
0.090%
0.580%
Social
Choice
Low
Carbon
Equity
-
Class
I
0.090
0.380
Social
Choice
Low
Carbon
Equity
-
Premier
Class
0.090
0.380
Social
Choice
Low
Carbon
Equity
-
Class
R6
0.090
0.230
Social
Choice
Low
Carbon
Equity
-
Retirement
Class
0.090
0.480
International
Responsible
Equity
-
Class
A
0.100
0.650
International
Responsible
Equity
-
Class
I
0.100
0.450
International
Responsible
Equity
-
Premier
Class
0.100
0.450
International
Responsible
Equity
-
Class
R6
0.100
0.300
International
Responsible
Equity
-
Retirement
Class
0.100
0.550
Additional
Fund
Information
(Unaudited)
©2024
Teachers
Insurance
and
Annuity
Association
of
America—College
Retirement
Equities
Fund,
730
Third
Avenue,
New
York,
NY
10017-3206
168
Portfolio
holdings
The
TIAA-CREF
Funds
file
complete
portfolio
listings
with
the
Securities
and
Exchange
Commission
(SEC),
and
are
available
to
the
public.
You
can
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
holdings
(Portfolios
of
Investments)
as
of
the
most
recently
completed
fiscal
quarter
in
the
following
ways:
By
visiting
our
websites
at
TIAA.org
or
nuveen.com;
or
By
calling
us
at
800-842-2252
to
request
a
copy,
which
will
be
provided
free
of
charge.
You
can
also
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
portfolios
of
investments
as
of
the
most
recently
completed
fiscal
quarter,
and
for
prior
quarter-ends,
from
our
SEC
Form
N-CSR
and
Form
N-PORT
filings.
Form
N-CSR
filings
are
as
of
October
31
or
April
30;
Form
N-PORT
filings
are
as
of
January
31
or
July
31.
Copies
of
these
forms
are
available:
Through
the
Electronic
Data
Gathering
and
Retrieval
System
(EDGAR)
on
the
SEC’s
website
at
sec.gov;
or
From
the
SEC’s
Office
of
Investor
Education
and
Advocacy.
Call
202-551-8090
for
more
information.
Proxy
voting
TIAA-CREF
Funds’
ownership
of
stock
gives
it
the
right
to
vote
on
proxy
issues
of
companies
in
which
it
invests.
A
description
of
our
proxy
voting
policies
and
procedures
can
be
found
on
our
website
at
TIAA.org
or
on
the
SEC’s
website
at
sec.gov.
You
can
also
call
us
at
800-842-2252
to
request
a
free
copy.
A
report
of
how
the
funds
voted
during
the
most
recently
completed
twelve-month
period
ended
June
30
can
be
found
on
our
website
or
on
Form
N-PX
at
sec.gov.
Contacting
TIAA
There
are
three
easy
ways
to
contact
us:
by
email,
using
the
Contact
Us
link
under
Get
Help
at
the
top
of
our
home
page;
by
mail
at
TIAA,
730
Third
Avenue,
New
York,
NY
10017-3206;
or
by
phone
at
800-842-2252.
Fund
management
The
TIAA-CREF
Funds
are
managed
by
the
portfolio
management
teams
of
Teachers
Advisors,
LLC.
The
members
of
these
teams
are
responsible
for
the
day-to-day
investment
management
of
the
funds.
You
should
carefully
consider
the
investment
objectives,
risks,
charges
and
expenses
of
any
fund
before
investing.
For
a
prospectus
that
contains
this
and
other
information,
please
visit
TIAA.org,
or
call
800-842-2252
for
the
Class
I,
Premier,
Class
R6
and
Retirement
classes
or
800-223-1200
for
the
Class
A.
Please
read
the
prospectus
carefully
before
investing.
Investment,
insurance
and
annuity
products
are
not
Federal
Deposit
Insurance
Corporation
(FDIC)
insured,
are
not
bank
guaranteed,
are
not
bank
deposits,
are
not
insured
by
any
federal
government
agency,
are
not
a
condition
to
any
banking
service
or
activity,
and
may
lose
value.
Nuveen,
a
subsidiary
of
TIAA,
provides
investment
advice
and
portfolio
management
services
through
a
dozen
affiliated
registered
investment
advisers.
Nuveen
Securities,
LLC
and
TIAA-CREF
Individual
&
Institutional
Services,
LLC,
members
FINRA,
distribute
securities
products.
This
material
is
for
informational
or
educational
purposes
only
and
does
not
constitute
fiduciary
investment
advice
under
ERISA,
a
securities
recommendation
under
all
securities
laws,
or
an
insurance
product
recommendation
under
state
insurance
laws
or
regulations.
This
material
does
not
take
into
account
any
specific
objectives
or
circumstances
of
any
particular
investor,
or
suggest
any
specific
course
of
action.
Investment
decisions
should
be
made
based
on
an
investor’s
own
objectives
and
circumstances.
Shareholder
Meeting
Report
(Unaudited)
169
On
November
20,
2023,
at
a
special
meeting
of
Equity
Funds
shareholders,
the
following
persons
were
elected
to
serve
on
the
Board
of
Trustees:
Amy
B.
R.
Lancellotta,
Joanne
T.
Medero,
Albin
F.
Moschner,
Matthew
Thornton
III,
Terence
J.
Toth,
Margaret
L.
Wolff
and
Robert
L.
Young
were
elected
to
office.
Joseph
A.
Boateng,
Michael
A.
Forrester,
Thomas
J.
Kenny
and
Loren
M.
Starr
continued
in
office.
The
results
above
were
certified
by
Computershare
Fund
Services,
Inc.,
independent
tabulator
for
the
Nuveen
Funds.
Nominee
Shares
for
Percent
Shares
against
Percent
Shares
abstain
Percent
Joseph
A.
Boateng
7,867,205,687.722
97.811
63,973,498.504
0.795
112,105,650.721
1.394
Michael
A.
Forrester
7,873,729,461.057
97.892
59,739,021.744
0.743
109,816,354.146
1.365
Thomas
J.
Kenny
7,873,577,319.739
97.890
59,628,491.356
0.741
110,079,025.851
1.369
Amy
B.R.
Lancellotta
7,878,909,011.873
97.956
61,000,657.137
0.758
103,375,167.936
1.285
Joanne
T.
Medero
7,876,343,187.201
97.924
64,080,214.395
0.797
102,861,435.350
1.279
Albin
F.
Moschner
7,864,397,335.050
97.776
68,393,667.267
0.850
110,493,834.629
1.374
John
K.
Nelson
7,886,275,662.665
98.048
44,376,664.298
0.552
112,632,509.983
1.400
Loren
M.
Starr
7,894,997,953.803
98.156
42,187,698.178
0.525
106,099,184.965
1.319
Matthew
Thornton
III
7,886,183,390.754
98.047
46,175,035.497
0.574
110,926,410.695
1.379
Terence
J.
Toth
7,885,870,581.340
98.043
44,721,005.652
0.556
112,693,249.955
1.401
Margaret
L.
Wolff
7,878,323,371.788
97.949
61,940,121.572
0.770
103,021,343.586
1.281
Robert
L.
Young
7,887,121,209.624
98.058
43,556,830.170
0.542
112,606,797.152
1.400
170
Approval
of
Investment
Management
Agreement
(Unaudited)
The
Approval
Process
At
meetings
held
on
April
18
and
19,
2024
(the
“Meeting”),
the
Board
of
Trustees
(collectively,
the
“Board”
and
each
Trustee,
a
“Board
Member”)
of
TIAA-CREF
Funds
(the
“Trust”)
approved,
for
each
applicable
series
of
the
Trust,
the
renewal
of
the
investment
management
agreement
with
Teachers
Advisors,
LLC
(“TAL”
and
TAL
is
an
“Adviser”)
pursuant
to
which
TAL
serves
as
investment
adviser
to
such
funds.
The
Board
Members
are
not
“interested
persons”
(as
defined
under
the
Investment
Company
Act
of
1940
(the
“1940
Act”))
and,
therefore,
the
Board
is
deemed
to
be
comprised
of
all
disinterested
Board
Members.
References
to
the
Board
and
the
Board
Members
are
interchangeable.
Below
is
a
summary
of
the
annual
review
process
the
Board
undertook
related
to
its
most
recent
renewal
of
the
investment
management
agreement
(each
an
“Advisory
Agreement”)
with
respect
to
each
series
covered
by
this
report
(the
“Funds”).
In
accordance
with
applicable
law,
following
up
to
an
initial
two-year
period,
the
Board
considers
the
renewal
of
each
Advisory
Agreement
on
behalf
of
the
applicable
Fund
on
an
annual
basis.
In
addition,
the
fund
complex
consists
of
the
group
of
funds
advised
by
TAL
(collectively
referred
to
as
the
“TC
funds”)
and
the
group
of
funds
advised
by
Nuveen
Fund
Advisors,
LLC
(“NFAL”
and
such
funds
are
collectively,
the
“Nuveen
funds”).
For
clarity,
TAL
serves
as
Adviser
to
the
TC
funds,
including
the
Funds,
and
NFAL
serves
as
“Adviser”
to
the
Nuveen
funds.
The
Board
Members
considered
that
the
prior
separate
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
Accordingly,
at
the
Meeting,
the
Board
Members
considered
the
review
of
the
advisory
agreements
for
the
TC
funds
as
well
as
reviewed
the
investment
management
agreements
and
sub-advisory
agreements
for
the
Nuveen
funds.
Depending
on
the
appropriate
context,
references
to
“the
Adviser”
may
be
to
TAL
with
respect
to
the
TC
funds
and/or
NFAL
with
respect
to
the
Nuveen
funds.
The
Board
Members
considered
the
review
of
the
advisory
agreements
of
the
TC
funds
and
the
Nuveen
funds
to
be
an
ongoing
process.
The
Board
Members
therefore
employed
the
accumulated
information,
knowledge
and
experience
they
had
gained
during
their
tenure
on
the
respective
board
of
the
TC
funds
or
Nuveen
funds
(as
the
case
may
be)
governing
the
applicable
funds
and
working
with
the
respective
investment
advisers
and
sub-advisers,
as
applicable,
in
their
review
of
the
advisory
agreements
for
the
fund
complex.
During
the
course
of
the
year
prior
to
the
Meeting,
the
Board
and/or
its
committees
received
a
wide
variety
of
materials
that
covered
a
range
of
topics
relevant
to
the
Board’s
annual
consideration
of
the
renewal
of
the
advisory
agreements,
including
reports
on
fund
investment
results
over
various
periods;
product
initiatives
for
various
funds;
fund
expenses;
compliance,
regulatory
and
risk
management
matters;
trading
practices
including
soft
dollar
arrangements
(as
applicable);
the
liquidity
and
derivatives
risk
management
programs;
management
of
distributions;
valuation
of
securities;
payments
to
financial
intermediaries,
including
12b-
1
expenses
(as
applicable);
securities
lending
(as
applicable);
and
overall
market
and
regulatory
developments.
The
Board
also
met
periodically
with
and/or
received
presentations
by
key
investment
professionals
managing
a
fund’s
portfolio.
In
particular,
at
the
Board
meeting
held
on
February
27-29,
2024
(the
“February
Meeting”),
the
Board
and/or
its
Investment
Committee
received
the
annual
performance
review
of
the
funds
as
described
in
further
detail
below.
The
presentations,
discussions
and
meetings
throughout
the
year
also
provide
a
means
for
the
Board
to
evaluate
and
consider
the
level,
breadth
and
quality
of
services
provided
by
the
Adviser
and
how
such
services
have
changed
over
time
in
light
of
new
or
modified
regulatory
requirements,
changes
to
market
conditions
or
other
factors.
In
connection
with
its
annual
consideration
of
the
advisory
agreements,
the
Board,
through
its
independent
legal
counsel,
requested
and
received
extensive
materials
and
information
prepared
specifically
for
its
review
of
the
advisory
agreements.
The
materials
provided
at
the
Meeting
and/or
prior
meetings
covered
a
wide
range
of
matters
including,
but
not
limited
to,
a
description
of
the
nature,
extent
and
quality
of
services
provided
by
the
Adviser;
the
consolidation
of
the
Nuveen
fund
family
and
TC
fund
family;
a
review
of
product
actions
advanced
in
2023
for
the
benefit
of
particular
funds
and/or
the
fund
complex;
a
review
of
the
applicable
investment
team;
an
analysis
of
fund
performance
with
a
focus
on
funds
considered
to
have
met
certain
challenged
performance
measurements;
an
analysis
of
the
fees
and
expense
ratios
of
the
funds
with
a
focus
on
funds
considered
to
have
certain
expense
characteristics;
a
list
of
management
fee
schedules;
a
review
of
contractual
and/or
voluntary
expense
caps
and
fee
waivers
for
the
TC
funds;
a
description
of
portfolio
manager
compensation;
a
description
of
the
profitability
and/or
financial
data
of
Nuveen
and
TAL;
and
a
description
of
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationships
with
the
funds.
The
Board
also
considered
information
provided
by
Broadridge
Financial
Solutions,
Inc.
(“Broadridge”),
an
independent
provider
of
investment
company
data,
comparing
fee
and
expense
levels
of
each
respective
fund
to
those
of
a
peer
universe
and,
with
respect
to
open-end
funds,
also
to
a
peer
group
of
funds
selected
by
Broadridge,
subject
to
certain
exceptions.
The
information
prepared
specifically
for
the
annual
review
supplemented
the
information
provided
to
the
Board
and
its
committees
and
the
evaluations
of
the
funds
by
the
Board
and
its
committees
during
the
year.
The
Board’s
review
of
the
advisory
agreements
for
the
fund
complex
is
based
on
all
the
information
provided
to
the
Board
and
its
committees
over
time.
The
performance,
fee
and
expense
data
and
other
information
provided
by
the
Adviser,
Broadridge
or
other
service
providers
were
not
independently
verified
by
the
Board
Members.
171
As
part
of
their
review,
the
Board
Members
and
independent
legal
counsel
met
by
videoconference
in
executive
session
on
April
10,
2024
(the
“April
Executive
Session”)
to
review
and
discuss
materials
provided
in
connection
with
their
annual
review
of
the
advisory
agreements
for
the
fund
complex.
After
reviewing
this
information,
the
Board
Members
requested,
directly
or
through
independent
legal
counsel,
additional
information,
and
the
Board
subsequently
reviewed
and
discussed
the
responses
to
these
follow-up
questions
and
requests.
The
Board
Members
were
advised
by
independent
legal
counsel
during
the
annual
review
process
as
well
as
throughout
the
year,
including
meeting
in
executive
sessions
with
such
counsel
at
which
no
representatives
of
management
were
present.
In
connection
with
their
annual
review,
the
Board
Members
also
received
a
memorandum
from
independent
legal
counsel
outlining
their
fiduciary
duties
and
legal
standards
in
reviewing
the
Advisory
Agreements,
including
guidance
from
court
cases
evaluating
advisory
fees.
The
Board’s
decisions
to
renew
each
Advisory
Agreement
were
not
based
on
a
single
identified
factor,
but
rather
each
decision
reflected
the
comprehensive
consideration
of
all
the
information
provided
to
the
Board
and
its
committees
throughout
the
year
as
well
as
the
materials
prepared
specifically
in
connection
with
the
annual
review
process.
The
contractual
arrangements
may
reflect
the
results
of
prior
year(s)
of
review,
negotiation
and
information
provided
in
connection
with
the
Board’s
annual
review
of
the
funds’
advisory
arrangements
and
oversight
of
the
funds.
Each
Board
Member
may
have
attributed
different
levels
of
importance
to
the
various
factors
and
information
considered
in
connection
with
the
annual
review
process
and
may
have
placed
different
emphasis
on
the
relevant
information
year
to
year
in
light
of,
among
other
things,
changing
market
and
economic
conditions.
A
summary
of
the
principal
factors
and
information,
but
not
all
the
factors,
the
Board
considered
in
deciding
to
renew
the
Advisory
Agreements
is
set
forth
below.
Nature,
Extent
and
Quality
of
Services
In
evaluating
the
renewal
of
the
Advisory
Agreements,
the
Board
Members
received
and
considered
information
regarding
the
nature,
extent
and
quality
of
the
Adviser’s
services
provided
to
each
respective
Fund
with
particular
focus
on
the
services
and
enhancements
or
changes
to
such
services
provided
during
the
last
year.
The
Board
considered
that
the
Adviser
provides
a
wide
array
of
management,
oversight
and
other
services
to
manage
and
operate
the
applicable
funds.
The
Board
considered
the
Adviser’s
and
its
affiliates’
dedication
of
resources,
time,
people
and
capital
as
well
as
continual
program
of
improvement
and
innovation
aimed
at
enhancing
the
funds
and
fund
complex
for
investors
and
meeting
the
needs
of
an
increasingly
complex
regulatory
environment.
In
particular,
over
the
past
several
years,
the
Board
considered
the
significant
resources,
both
financial
and
personnel,
the
Adviser
and
its
affiliates
have
committed
in
working
to
consolidate
the
Nuveen
fund
family
and
TC
fund
family
under
one
centralized
umbrella.
The
Board
considered
that
the
organizational
changes
in
bringing
together
Nuveen,
its
affiliates
and
TIAA’s
(as
defined
below)
asset
management
businesses,
consolidating
the
Nuveen
and
TC
fund
families
and
other
initiatives
were
anticipated
to
provide
various
benefits
for
the
funds
through,
among
other
things,
enhanced
operating
efficiencies,
centralized
investment
leadership
and
a
centralized
shared
resources
and
support
model.
As
part
of
these
efforts,
the
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
In
addition,
in
conjunction
with
these
consolidation
efforts,
the
Board
approved
at
the
Meeting
changes
to
fee
and
breakpoint
structures
that
could
provide
cost
savings
to
participating
funds,
as
described
in
further
detail
below.
The
Board
also
reviewed
information
regarding
other
product
actions
undertaken
or
continued
by
management
in
the
2023
calendar
year
in
seeking
to
improve
the
effectiveness
of
the
organization,
the
product
line-up
as
well
as
particular
funds
through,
among
other
things,
continuing
to
review
and
optimize
the
product
line
and
gaining
efficiencies
through
mergers
and
liquidations;
reviewing
and
updating
investment
policies
and
benchmarks;
implementing
fee
waivers
and/or
expense
cap
changes
for
certain
funds;
evaluating
and
adjusting
portfolio
management
teams
as
appropriate
for
various
funds;
and
developing
policy
positions
on
a
broad
range
of
regulatory
proposals
that
may
impact
the
funds
and
communicating
with
lawmakers
and
other
regulatory
authorities
to
help
ensure
these
positions
are
considered.
In
its
review,
the
Board
considered
that
the
funds
operated
in
a
highly
regulated
industry
and
the
scope
and
complexity
of
the
services
and
resources
that
the
Adviser
and
its
affiliates
must
provide
to
manage
and
operate
the
applicable
funds
have
expanded
over
the
years
as
a
result
of,
among
other
things,
regulatory,
market
and
other
developments,
such
as
the
adoption
of
the
tailored
shareholder
report
or
the
revised
fund
name
rule.
In
considering
the
breadth
and
quality
of
services
TAL
and
its
various
teams
provide
with
respect
to
the
TC
funds,
the
Board
considered
that
TAL
is
responsible
for
providing
various
types
of
investment
advisory
services,
including,
among
other
things,
furnishing
an
investment
program
for
each
TC
fund;
managing
the
assets
of
such
funds,
including
conducting
research,
identifying
investments
and
placing
orders
for
the
purchase
or
sale
of
the
portfolio
investments
for
the
fund;
and
evaluating
fund
performance
and
implementing
changes
thereto.
The
Board
further
considered
that
over
the
course
of
the
2023
calendar
year,
the
Nuveen
global
public
product
team
which
supports
the
funds
in
the
fund
complex
and
their
shareholders
assessed
the
investment
personnel
across
the
investment
leadership
teams
which
resulted
in
additions
or
other
modifications
to
the
portfolio
management
teams
of
various
funds.
The
Board
also
reviewed
a
description
of
the
compensation
structure
applicable
to
certain
portfolio
managers.
172
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
In
addition
to
the
above
investment
advisory
services,
the
Board
further
considered
the
extensive
compliance,
regulatory,
administrative
and
other
services
the
Adviser
and
its
various
teams
or
affiliates
provide
to
manage
and
operate
the
applicable
funds.
Given
the
highly
regulated
industry
in
which
the
funds
operate,
the
Board
considered
the
breadth
of
the
Adviser’s
compliance
program
and
related
policies
and
procedures.
The
Board
reviewed
various
initiatives
the
Adviser’s
compliance
team
undertook
or
continued
in
2023,
in
part,
to
address
new
regulatory
requirements,
support
international
business
growth
and
product
development,
enhance
international
trading
capabilities,
enhance
monitoring
capabilities
in
light
of
the
new
regulatory
requirements
and
guidance
and
maintain
a
comprehensive
training
program.
The
Board
further
considered,
among
other
things,
that
other
non-advisory
services
provided
included,
among
other
things,
board
support
and
reporting;
establishing
and
reviewing
the
services
provided
by
other
fund
service
providers
(such
as
a
fund’s
custodian,
accountant,
and
transfer
agent);
risk
management,
including
reviews
of
the
liquidity
risk
management
and
derivatives
risk
management
programs;
legal
support
services;
regulatory
advocacy;
and
cybersecurity,
business
continuity
and
disaster
recovery
planning
and
testing.
With
respect
to
the
TC
funds,
the
Board
considered
that
certain
non-investment
and
non-distribution
services
were
provided
by
TAL
or
its
affiliates
pursuant
to
a
separate
administrative
agreement;
however,
given
the
consolidation
of
the
TC
funds
and
Nuveen
funds
with
the
centralization
of
services
and
resources,
such
administrative
agreement
was
anticipated
to
be
phased
out
over
a
three-year
period
with
the
administrative
services
for
the
Funds
to
be
provided
under
the
respective
Advisory
Agreements
at
no
additional
cost.
Aside
from
the
services
provided,
the
Board
considered
the
financial
resources
of
the
Adviser
and/or
its
affiliates
and
their
willingness
to
make
investments
in
the
technology,
personnel
and
infrastructure
to
support
the
funds,
including
to
enhance
global
talent,
middle
office
systems,
software
and
international
and
internal
capabilities.
The
Board
considered
the
access
provided
by
the
Adviser
and
its
affiliates
to
a
seed
capital
budget
to
support
new
or
existing
funds
and/or
facilitate
changes
for
a
respective
fund.
The
Board
considered
the
benefits
to
shareholders
of
investing
in
a
fund
that
is
a
part
of
a
large
fund
complex
with
a
variety
of
investment
disciplines,
capabilities,
expertise
and
resources
available
to
navigate
and
support
the
funds
including
during
stressed
times.
The
Board
considered
the
overall
reputation
and
capabilities
of
the
Adviser
and
its
affiliates
and
the
Adviser’s
continuing
commitment
to
provide
high
quality
services.
In
its
review,
the
Board
also
considered
the
significant
risks
borne
by
the
Adviser
and
its
affiliates
in
connection
with
their
services
to
the
applicable
funds,
including
entrepreneurial
risks
in
sponsoring
and
supporting
new
funds
and
smaller
funds
and
ongoing
risks
with
managing
the
funds
such
as
investment,
operational,
reputational,
regulatory,
compliance
and
litigation
risks.
Based
on
its
review,
the
Board
determined,
in
the
exercise
of
its
reasonable
business
judgment,
that
it
was
satisfied
with
the
nature,
extent
and
quality
of
services
provided
to
the
respective
Funds
under
each
applicable
Advisory
Agreement.
The
Investment
Performance
of
the
Funds
and
Adviser
In
evaluating
the
quality
of
the
services
provided
by
the
Adviser,
the
Board
also
considered
a
variety
of
investment
performance
data
of
the
Funds.
In
this
regard,
the
Board
and/or
its
Investment
Committee
reviewed,
among
other
things,
performance
of
the
Funds
over
the
quarter,
one-,
three-
and
five-year
periods
ending
December
31,
2023
and
March
31,
2024.
For
those
Funds
with
multiple
share
classes,
the
performance
data
was
based
on
Class
I
shares
(Class
R6
with
respect
to
the
Nuveen
International
Responsible
Equity
Fund,
Nuveen
Large
Cap
Responsible
Equity
Fund
and
Nuveen
Social
Choice
Low
Carbon
Equity
Fund);
however,
the
performance
of
other
share
classes
was
substantially
similar
as
those
other
share
classes
invest
in
the
same
portfolio
of
securities
and
differences
in
performance
among
the
classes
would
be
principally
attributed
to
the
variations
in
the
expense
structures
of
the
share
classes.
The
Board
performed
its
annual
review
of
fund
performance
at
its
February
Meeting
and
an
additional
review
at
the
April
Executive
Session
and
also
reviewed
and
discussed
performance
data
at
its
other
regularly
scheduled
quarterly
meetings
throughout
the
year.
The
Board
therefore
took
into
account
the
performance
data,
presentations
and
discussions
(written
and
oral)
that
were
provided
at
the
Meeting
and
in
prior
meetings
over
time
in
evaluating
fund
performance,
including
management’s
analysis
of
a
fund’s
performance
with
particular
focus
on
funds
that
met
certain
challenged
performance
measurements
as
determined
pursuant
to
a
methodology
approved
by
the
Board
or
additional
measurements
as
determined
by
management’s
investment
analysts.
As
various
funds
have
modified
their
portfolio
teams
and/or
made
significant
changes
to
their
portfolio
strategies
over
time,
the
Board
reviewed,
among
other
things,
certain
tracking
performance
data
over
specific
periods
comparing
performance
before
and
after
such
changes.
The
Board
considered
that
performance
data
reflects
performance
over
a
specified
period
which
may
differ
significantly
depending
on
the
ending
dates
selected,
particularly
during
periods
of
market
volatility.
Further,
the
Board
considered
that
shareholders
may
evaluate
performance
based
on
their
own
respective
holding
periods
which
may
differ
from
the
performance
periods
reviewed
by
the
Board
and
lead
to
differing
results.
173
In
its
evaluation,
the
Board
reviewed
fund
performance
results
from
different
perspectives.
In
general,
subject
to
certain
exceptions,
the
Board
reviewed
both
absolute
and
relative
fund
performance
over
the
various
time
periods
and
considered
performance
results
in
light
of
a
fund’s
investment
objective(s),
strategies
and
risks.
With
respect
to
the
relative
performance,
the
Board
considered
fund
performance
in
comparison
to
the
performance
of
peer
funds
(the
“Performance
Peer
Group”),
subject
to
certain
exceptions,
and
recognized
and/or
customized
benchmarks
(i.e.,
generally
benchmarks
derived
from
multiple
recognized
benchmarks).
In
reviewing
such
comparative
performance,
the
Board
was
cognizant
of
the
inherent
limitations
of
such
data
which
can
make
meaningful
performance
comparisons
generally
difficult.
As
an
illustration,
differences
in
the
composition
of
the
Performance
Peer
Group,
the
investment
objective(s),
strategies,
dates
of
fund
inception
and
other
characteristics
of
the
peers
in
the
Performance
Peer
Group,
and
the
varying
sizes
of
peers
all
may
contribute
to
differences
in
the
performance
results
of
a
Performance
Peer
Group
compared
to
the
applicable
fund.
With
respect
to
relative
performance
of
a
fund
compared
to
a
benchmark
index,
differences,
among
other
things,
in
the
investment
objective(s)
and
strategies
of
a
fund
and
the
benchmark
(particularly
an
actively
managed
fund
that
does
not
directly
follow
an
index)
as
well
as
the
costs
of
operating
a
fund
would
necessarily
contribute
to
differences
in
performance
results
and
limit
the
value
of
the
comparative
performance
information.
To
assist
the
Board
in
its
review
of
the
comparability
of
the
relative
performance,
management
generally
has
ranked
the
relevancy
of
the
Performance
Peer
Groups
to
the
Funds
as
low,
medium
or
high,
subject
to
certain
exceptions,
including
with
respect
to
the
Nuveen
International
Responsible
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
International
Equity
Fund),
Nuveen
Large
Cap
Responsible
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
Equity
Fund),
and
Nuveen
Social
Choice
Low
Carbon
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
Low
Carbon
Equity
Fund).
In
its
review
of
relative
performance,
the
Board
considered
a
Fund’s
performance
relative
to
its
Performance
Peer
Group,
among
other
things,
by
evaluating
its
quartile
ranking
with
the
1st
quartile
representing
the
top
performing
funds
within
the
Performance
Peer
Group
and
the
4th
quartile
representing
the
lowest
performing
funds.
With
respect
to
passively
managed
TC
funds
that
were
designed
to
invest,
in
relevant
part,
based
on
an
index,
and
for
the
Nuveen
International
Responsible
Equity
Fund,
Nuveen
Large
Cap
Responsible
Equity
Fund
and
Nuveen
Social
Choice
Low
Carbon
Equity
Fund,
the
Board
also
received
and
reviewed
performance
information
including,
among
other
things,
such
Fund’s
ex-ante
tracking
error
compared
to
its
reference
index
over
various
periods
of
time.
The
Board
evaluated
performance
in
light
of
various
relevant
factors
which
may
include,
among
other
things,
general
market
conditions,
issuer-specific
information,
asset
class
information,
leverage
and
fund
cash
flows.
The
Board
considered
that
long-term
performance
could
be
impacted
by
even
one
period
of
significant
outperformance
or
underperformance
and
that
a
single
investment
theme
could
disproportionately
affect
performance.
Further,
the
Board
considered
that
market
and
economic
conditions
may
significantly
impact
a
fund’s
performance,
particularly
over
shorter
periods,
and
such
performance
may
be
more
reflective
of
such
economic
or
market
events
and
not
necessarily
reflective
of
management
skill.
Although
the
Board
reviews
short-,
intermediate-
and
longer-term
performance
data,
the
Board
considered
that
longer
periods
of
performance
may
reflect
full
market
cycles.
In
their
review
from
year
to
year,
the
Board
Members
consider
and
may
place
different
emphasis
on
the
relevant
information
in
light
of
changing
circumstances
in
market
and
economic
conditions.
In
evaluating
performance,
the
Board
focused
particular
attention
on
funds
with
less
favorable
performance
records.
However,
depending
on
the
facts
and
circumstances
including
any
differences
between
the
respective
fund
and
its
benchmark
and/or
Performance
Peer
Group,
the
Board
may
be
satisfied
with
a
fund’s
performance
notwithstanding
that
its
performance
may
be
below
that
of
its
benchmark
and/or
peer
group
for
certain
periods.
With
respect
to
any
funds
for
which
the
Board
has
identified
performance
issues,
the
Board
seeks
to
monitor
such
funds
more
closely
until
performance
improves,
discuss
with
the
Adviser
the
reasons
for
such
results,
consider
whether
any
steps
are
necessary
or
appropriate
to
address
such
issues,
discuss
and
evaluate
the
potential
consequences
of
such
steps
and
review
the
results
of
any
steps
undertaken.
The
performance
determinations
with
respect
to
each
Fund
are
summarized
below.
For
Nuveen
Core
Equity
Fund
(formerly,
TIAA-CREF
Growth
&
Income
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
three-
and
five-year
periods
ended
December
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
one-year
period
ended
December
31,
2023
and
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
and
second
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023.
In
addition,
the
Fund
outperformed
its
benchmark
and
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
174
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
For
Nuveen
Large
Cap
Growth
Fund
(formerly,
TIAA-CREF
Large-Cap
Growth
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
one-year
periods
ended
December
31,
2023
and
March
31,
2024.
The
Fund
also
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-year
period,
third
quartile
for
the
three-year
period
and
second
quartile
for
the
five-year
period
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
and
third
quartile
for
the
three-
and
five-year
periods
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Large
Cap
Value
Fund
(formerly,
TIAA-CREF
Large-Cap
Value
Fund),
the
Board
considered
that
the
Fund
outperformed
its
benchmark
and
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement
For
Nuveen
Mid
Cap
Growth
Fund
(formerly,
TIAA-CREF
Mid-Cap
Growth
Fund),
the
Board
considered
that
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
The
Board
also
considered
that
although
the
Fund
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
three-
and
five-year
periods
ended
December
31,
2023,
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
ended
December
31,
2023.
The
Fund,
however,
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024.
The
Board
considered
management’s
analysis
of
performance
and
the
factors
that
contributed
to
or
detracted
from
performance.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
determined
to
renew
the
Advisory
Agreement
and
to
continue
to
monitor
this
Fund.
For
Nuveen
Mid
Cap
Value
Fund
(formerly,
TIAA-CREF
Mid-Cap
Value
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-
and
five-year
periods
ended
December
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
three-year
period
ended
December
31,
2023.
Further,
although
the
Fund
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
five-year
period
ended
December
31,
2023,
the
Fund
ranked
in
the
third
quartile
for
the
one-
and
three-year
periods
ended
December
31,
2023.
In
addition,
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
five-year
period
ended
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
one-
and
three-year
periods
ended
March
31,
2024.
The
Fund
also
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
ended
March
31,
2024
and
third
quartile
for
the
five-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Quant
Small
Cap
Equity
Fund
(formerly,
TIAA-CREF
Quant
Small-Cap
Equity
Fund),
the
Board
considered
that
the
Fund
outperformed
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
In
addition,
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
and
second
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024,
respectively.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Quant
Small/Mid
Cap
Equity
Fund
(formerly,
TIAA-CREF
Quant
Small/Mid-Cap
Equity
Fund),
the
Board
considered
that
the
Fund
outperformed
its
benchmark
and
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
175
For
Nuveen
Large
Cap
Responsible
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
Equity
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
benchmark
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
and
second
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
five-year
periods
ended
March
31,
2024
and
third
quartile
for
the
three-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Social
Choice
Low
Carbon
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
Low
Carbon
Equity
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
benchmark
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period,
third
quartile
for
the
three-year
period
and
first
quartile
for
the
five-
year
period
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
ended
March
31,
2024
and
first
quartile
for
the
five-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Emerging
Markets
Equity
Fund
(formerly,
TIAA-CREF
Emerging
Markets
Equity
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
three-
and
five-year
periods
ended
December
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
one-year
period
ended
December
31,
2023.
The
Fund
also
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
three-
and
five-year
periods
ended
December
31,
2023,
but
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
ended
December
31,
2023.
Further,
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024
and
the
Fund
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
three-
and
five-year
periods
ended
March
31,
2024,
the
Fund
ranked
in
the
third
quartile
for
the
one-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
International
Equity
Fund
(formerly,
TIAA-CREF
International
Equity
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-
and
three-year
periods
ended
December
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
five-year
period
ended
December
31,
2023.
The
Fund
also
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
and
second
quartile
for
the
five-year
period
ended
December
31,
2023.
In
addition,
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
three-year
period
ended
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
one-
and
five-year
periods
ended
March
31,
2024
and
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-
and
five-year
periods
ended
March
31,
2024
and
third
quartile
for
the
three-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
International
Opportunities
Fund
(formerly,
TIAA-CREF
International
Opportunities
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-
and
three-year
periods
ended
December
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
five-year
period
ended
December
31,
2023
and
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
and
first
quartile
for
the
five-year
period
ended
December
31,
2023.
In
addition,
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-
and
three-year
periods
ended
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
five-year
period
and
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
five-year
periods
ended
March
31,
2024
and
third
quartile
for
the
three-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
176
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
For
Nuveen
Quant
International
Small
Cap
Equity
Fund
(formerly,
TIAA-CREF
Quant
International
Small-Cap
Equity
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
five-year
periods
ended
December
31,
2023
and
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
one-
and
three-year
periods
ended
December
31,
2023
and
March
31,
2024,
respectively.
The
Fund
also
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
one-
and
three-year
periods
ended
December
31,
2023
and
third
quartile
for
the
five-year
period
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
ended
March
31,
2024
and
second
quartile
for
the
five-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
International
Responsible
Equity
Fund
(formerly,
TIAA-CREF
Social
Choice
International
Equity
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
benchmark
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
five-year
periods
ended
March
31,
2024
and
first
quartile
for
the
three-year
period
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
Fees,
Expenses
and
Profitability
Fees
and
Expenses
As
part
of
its
annual
review,
the
Board
generally
reviewed,
among
other
things,
the
contractual
management
fee
and
net/actual
management
fee
(i.e.,
the
management
fee
after
taking
into
consideration
fee
waivers
and/or
expense
reimbursements,
if
any)
paid
by
a
Fund
to
the
Adviser
in
light
of
the
nature,
extent
and
quality
of
the
services
provided.
The
Board
also
reviewed
information
about
other
expenses
and
the
total
operating
expense
ratio
of
each
Fund
(after
any
fee
waivers
and/or
expense
reimbursements).
More
specifically,
the
Board
Members
reviewed,
among
other
things,
each
Fund’s
management
fee
rates
and
net
total
expense
ratio
in
relation
to
similar
data
for
a
comparable
universe
of
funds
(the
“Expense
Universe”)
and
with
respect
to
open-end
funds,
for
a
more
focused
subset
of
comparable
funds
(the
“Expense
Group”)
established
by
Broadridge
(subject
to
certain
exceptions).
The
Board
Members
reviewed
the
methodology
Broadridge
employed
to
establish
its
Expense
Universe
and
Expense
Group
(as
applicable)
and
considered
that
differences
between
the
applicable
fund
and
its
respective
Expense
Universe
and/or
Expense
Group,
as
well
as
changes
to
the
composition
of
the
Expense
Universe
and/or
Expense
Group
from
year
to
year,
may
limit
some
of
the
value
of
the
comparative
data.
The
Board
Members
also
considered
that
it
can
be
difficult
to
compare
management
fees
among
funds
as
there
are
variations
in
the
services
that
are
included
for
the
fees
paid.
The
Board
Members
took
these
limitations
and
differences
into
account
when
reviewing
comparative
peer
data.
The
Board
Members
also
considered
a
fund’s
operating
expense
ratio
as
it
more
directly
reflected
a
shareholder’s
total
costs
in
investing
in
the
respective
fund.
In
their
review,
the
Board
Members
considered,
in
particular,
each
fund
with
a
net
total
expense
ratio
meeting
certain
expense
or
fee
criteria
when
compared
to
its
Expense
Universe
and
Expense
Group
(if
any)
and
an
analysis
as
to
the
factors
contributing
to
each
such
fund’s
relative
net
total
expense
ratio.
The
Board
Members
also
considered,
in
relevant
part,
a
Fund’s
management
fee
and
net
total
expense
ratio
in
light
of
the
Fund’s
performance
history,
including
reviewing
certain
funds
identified
by
management
and/or
the
Board
as
having
a
higher
net
total
expense
ratio
or
management
fee
compared
to
their
respective
peers
coupled
with
experiencing
periods
of
challenged
performance
and
considering
the
reasons
for
such
comparative
positions.
177
In
their
evaluation
of
the
fee
arrangements
for
the
Funds,
the
Board
Members
also
reviewed
the
management
fee
schedules
and
the
expense
reimbursements
and/or
fee
waivers
agreed
to
by
the
Adviser
for
the
respective
fund
(if
any).
In
its
review,
the
Board
considered
that
the
management
fees
of
the
Nuveen
funds
were
generally
comprised
of
two
components,
a
fund-level
component
and
a
complex-level
component,
each
with
its
own
breakpoint
schedule,
subject
to
certain
exceptions.
The
Board
considered
that
the
complex-level
component
is
intended
to
be
an
efficient
mechanism
designed
to
help
share
cost
efficiencies
with
shareholders
as
the
complex-wide
assets
grow.
To
extend
the
ability
to
share
in
savings
as
complex
assets
increase
to
the
TC
funds,
the
Board
approved
changes
to
the
management
fee
schedule
of
certain
TC
funds
(rebranded
under
the
Nuveen
name
effective
May
1,
2024)
to
include
a
complex-wide
fee
component
with
corresponding
changes
to
the
fund-level
fee
schedule
and
to
phase
in
assets
of
the
participating
TC
funds
into
the
calculation
of
the
complex
size
over
a
ten-year
period.
Participating
Funds
include
each
Fund
other
than
the
Nuveen
Large
Cap
Responsible
Equity
Fund.
The
Board
considered
management’s
representation
that
there
would
be
no
increase
to
any
participating
TC
fund’s
respective
advisory
agreement
fee
rate.
Rather,
the
change
sought
to
allow
shareholders
of
participating
TC
funds
to
benefit
from
breakpoints
in
the
fee
schedule
as
a
result
of
increases
in
the
size
of
the
fund
complex
even
if
the
size
of
a
particular
TC
fund’s
assets
did
not
increase.
In
addition,
in
conjunction
with
the
consolidation
of
the
Nuveen
funds
and
TC
funds,
the
TC
funds
will
phase
out
the
separate
administrative
agreement
pursuant
to
which
TAL
provided
certain
administrative
services
as
well
as
the
reimbursement
to
TAL
of
certain
costs
thereunder
over
a
three-year
period.
The
Board’s
considerations
regarding
the
comparative
fee
data
for
each
of
the
Funds
are
set
forth
below.
With
respect
to
the
quartile
rankings
noted
below,
the
first
quartile
represents
the
range
of
funds
with
the
lowest
management
fee
rate
or
net
total
expense
ratio,
as
applicable,
and
the
fourth
quartile
represents
the
range
of
funds
with
the
highest
management
fee
rate
or
net
total
expense
ratio,
as
applicable.
The
Board
considered
that
Broadridge
only
calculates
quartiles
if
a
minimum
number
of
peers
is
available
and
therefore
quartile
rankings
may
not
be
available
for
certain
Expense
Groups
and/or
Expense
Universes.
As
part
of
its
annual
review,
the
Board
generally
reviewed,
among
other
things,
the
contractual
management
fee
and
net/actual
management
fee
(i.e.,
the
management
fee
after
taking
into
consideration
fee
waivers
and/or
expense
reimbursements,
if
any)
paid
by
a
Fund
to
the
Adviser
in
light
of
the
nature,
extent
and
quality
of
the
services
provided.
The
Board
also
reviewed
information
about
other
expenses
and
the
total
operating
expense
ratio
of
each
Fund
(after
any
fee
waivers
and/or
expense
reimbursements).
More
specifically,
the
Board
Members
reviewed,
among
other
things,
each
Fund’s
management
fee
rates
and
net
total
expense
ratio
in
relation
to
similar
data
for
a
comparable
universe
of
funds
(the
“Expense
Universe”)
and
with
respect
to
open-end
funds,
for
a
more
focused
subset
of
comparable
funds
(the
“Expense
Group”)
established
by
Broadridge
(subject
to
certain
exceptions).
The
Board
Members
reviewed
the
methodology
Broadridge
employed
to
establish
its
Expense
Universe
and
Expense
Group
(as
applicable)
and
considered
that
differences
between
the
applicable
fund
and
its
respective
Expense
Universe
and/or
Expense
Group,
as
well
as
changes
to
the
composition
of
the
Expense
Universe
and/or
Expense
Group
from
year
to
year,
may
limit
some
of
the
value
of
the
comparative
data.
The
Board
Members
also
considered
that
it
can
be
difficult
to
compare
management
fees
among
funds
as
there
are
variations
in
the
services
that
are
included
for
the
fees
paid.
The
Board
Members
took
these
limitations
and
differences
into
account
when
reviewing
comparative
peer
data.
The
Board
Members
also
considered
a
fund’s
operating
expense
ratio
as
it
more
directly
reflected
a
shareholder’s
total
costs
in
investing
in
the
respective
fund.
In
their
review,
the
Board
Members
considered,
in
particular,
each
fund
with
a
net
total
expense
ratio
meeting
certain
expense
or
fee
criteria
when
compared
to
its
Expense
Universe
and
Expense
Group
(if
any)
and
an
analysis
as
to
the
factors
contributing
to
each
such
fund’s
relative
net
total
expense
ratio.
The
Board
Members
also
considered,
in
relevant
part,
a
Fund’s
management
fee
and
net
total
expense
ratio
in
light
of
the
Fund’s
performance
history,
including
reviewing
certain
funds
identified
by
management
and/or
the
Board
as
having
a
higher
net
total
expense
ratio
or
management
fee
compared
to
their
respective
peers
coupled
with
experiencing
periods
of
challenged
performance
and
considering
the
reasons
for
such
comparative
positions.
In
their
evaluation
of
the
fee
arrangements
for
the
Funds,
the
Board
Members
also
reviewed
the
management
fee
schedules
and
the
expense
reimbursements
and/or
fee
waivers
agreed
to
by
the
Adviser
for
the
respective
fund
(if
any).
In
its
review,
the
Board
considered
that
the
management
fees
of
the
Nuveen
funds
were
generally
comprised
of
two
components,
a
fund-level
component
and
a
complex-level
component,
each
with
its
own
breakpoint
schedule,
subject
to
certain
exceptions.
The
Board
considered
that
the
complex-level
component
is
intended
to
be
an
efficient
mechanism
designed
to
help
share
cost
efficiencies
with
shareholders
as
the
complex-wide
assets
grow.
To
extend
the
ability
to
share
in
savings
as
complex
assets
increase
to
the
TC
funds,
the
Board
approved
changes
to
the
management
fee
schedule
of
certain
TC
funds
(rebranded
under
the
Nuveen
name
effective
May
1,
2024)
to
include
a
complex-wide
fee
component
with
corresponding
changes
to
the
fund-level
fee
schedule
and
to
phase
in
assets
of
the
participating
TC
funds
into
the
calculation
of
the
complex
size
over
a
ten-year
period.
Participating
Funds
include
each
Fund
other
than
the
Nuveen
Large
Cap
Responsible
Equity
Fund.
The
Board
considered
management’s
representation
that
there
would
be
no
increase
to
any
participating
TC
fund’s
respective
advisory
agreement
fee
rate.
Rather,
the
change
sought
to
allow
shareholders
of
participating
TC
funds
to
benefit
from
breakpoints
in
the
fee
schedule
as
a
result
of
increases
in
the
size
of
the
fund
complex
even
if
the
size
of
a
particular
TC
fund’s
assets
did
not
increase.
In
addition,
in
conjunction
with
the
consolidation
of
the
Nuveen
funds
and
TC
funds,
the
TC
funds
will
phase
out
the
separate
administrative
agreement
pursuant
to
which
TAL
provided
certain
administrative
services
as
well
as
the
reimbursement
to
TAL
of
certain
costs
thereunder
over
a
three-
year
period.
178
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
The
Board’s
considerations
regarding
the
comparative
fee
data
for
each
of
the
Funds
are
set
forth
below.
With
respect
to
the
quartile
rankings
noted
below,
the
first
quartile
represents
the
range
of
funds
with
the
lowest
management
fee
rate
or
net
total
expense
ratio,
as
applicable,
and
the
fourth
quartile
represents
the
range
of
funds
with
the
highest
management
fee
rate
or
net
total
expense
ratio,
as
applicable.
The
Board
considered
that
Broadridge
only
calculates
quartiles
if
a
minimum
number
of
peers
is
available
and
therefore
quartile
rankings
may
not
be
available
for
certain
Expense
Groups
and/or
Expense
Universes.
Based
on
its
review
of
the
information
provided,
the
Board
determined
that
each
Fund’s
management
fees
(as
applicable)
to
the
Adviser
were
reasonable
in
light
of
the
nature,
extent
and
quality
of
services
provided
to
the
Fund.
Comparisons
with
the
Fees
of
Other
Clients
In
evaluating
the
appropriateness
of
fees,
the
Board
also
considered
that
the
Adviser
and/or
its
affiliate(s)
provide
investment
management
services
to
other
types
of
clients
which
may
include:
separately
managed
accounts,
retail
managed
accounts,
foreign
funds
(UCITS),
other
investment
companies
(as
sub-advisers),
limited
partnerships
and
collective
investment
trusts.
The
Board
reviewed
the
equal
weighted
average
fee
or
other
fee
data
for
the
other
types
of
clients
managed
in
a
similar
manner
to
certain
of
the
Nuveen
funds
and
TC
funds.
The
Board
considered
the
Adviser’s
rationale
for
the
differences
in
the
management
fee
rates
of
the
funds
compared
to
the
management
fee
rates
charged
to
these
other
types
of
clients.
In
this
regard,
the
Board
considered
that
differences,
including
but
not
limited
to,
the
amount,
type
and
level
of
services
provided
by
the
Adviser
to
the
funds
compared
to
that
provided
to
other
clients
as
well
as
differences
in
investment
policies;
regulatory,
disclosure
and
governance
requirements;
servicing
relationships
with
vendors;
the
manner
of
managing
such
assets;
product
structure;
investor
profiles;
and
account
sizes
all
may
contribute
to
variations
in
relative
fee
rates.
Further,
differences
in
the
client
base,
governing
bodies,
distribution,
jurisdiction
and
operational
complexities
also
would
contribute
to
variations
in
management
fees
assessed
the
funds
compared
to
foreign
fund
clients.
In
addition,
differences
in
the
level
of
advisory
services
required
for
passively
managed
funds
also
contribute
to
differences
in
the
management
fee
levels
of
such
funds
compared
to
actively
managed
funds.
As
a
general
matter,
higher
fee
levels
reflect
higher
levels
of
service
provided
by
the
Adviser,
increased
investment
management
complexity,
greater
product
management
requirements,
and
higher
levels
of
business
risk
or
some
combination
of
these
factors.
The
Board
considered
the
wide
range
of
services
in
addition
to
investment
management
that
the
Adviser
had
provided
to
the
funds
compared
to
other
types
of
clients
as
well
as
the
increased
entrepreneurial,
legal
and
regulatory
risks
that
the
Adviser
incurs
in
sponsoring
and
managing
the
funds.
The
Board
concluded
that
the
varying
levels
of
fees
were
reasonable
given,
among
other
things,
the
more
extensive
services,
regulatory
requirements
and
legal
liabilities,
and
the
entrepreneurial,
legal
and
regulatory
risks
incurred
in
sponsoring
and
advising
a
registered
investment
company
compared
to
that
required
in
advising
other
types
of
clients..
Profitability
of
the
Adviser
In
their
review,
the
Board
Members
reviewed
a
variety
of
profitability
information
relating
to
TAL
as
a
result
of
its
advisory
services
to
the
TC
funds.
In
developing
the
profitability
data,
the
Board
Members
considered
the
subjective
nature
of
calculating
profitability
as
the
information
is
not
audited
and
is
necessarily
dependent
on
cost
allocation
methodologies
to
allocate
expenses
throughout
the
complex
and
among
the
various
advisory
products.
The
Board
Members
received
profitability
data
for
TAL
attributable
to
the
TC
funds
in
the
aggregate
and
on
a
per-TC
fund
basis.
The
Board
Members
reviewed,
among
other
things,
TAL’s
profitability
margin
(pre-
and
post-distribution
expenses)
for
the
TC
funds
for
each
year
from
2014
to
2023
as
well
as
TAL’s
revenue,
expenses
and
net
earnings
before
federal
income
tax
(pre-
and
post-distribution
expenses)
from
the
TC
funds
for
the
year
ended
December
31,
2023
compared
to
December
31,
2022.
The
Board
reviewed
the
profitability
margins
(pre-
and
post-marketing
and
pre-tax)
of
TAL
for
the
TC
funds
for
the
2023
fiscal
year
compared
to
the
profitability
margins
(pre-marketing
(subject
to
exceptions)
and
post-marketing
and
pre-tax)
of
a
peer
group
of
certain
asset
management
firms
for
the
2022
fiscal
year.
The
Board
considered
that
TAL
had
calculated
that
it
earned
profits
(pre-distribution)
for
the
one-year
period
ended
December
31,
2023
with
respect
to
each
of
the
Funds
subject
to
the
following
exception.
The
Board
considered
that
TAL
had
calculated
that
it
incurred
a
net
loss
for
the
one-year
period
ended
December
31,
2023
with
respect
to
its
services
to
the
Nuveen
Mid
Cap
Growth
Fund.
In
evaluating
profitability
data,
the
Independent
Trustees
considered
the
difficulty
in
calculating
profitability
particularly
at
the
individual
Fund
level
given
that
differing
but
reasonable
allocation
methodologies
could
be
employed
and
lead
to
significantly
different
results.
The
Board
Members
also
reviewed
the
unaudited
financial
statements
for
TAL
dated
December
31,
2023.
Aside
from
the
profitability
data,
the
Board
considered
that
NFAL
and
TAL
are
affiliates
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”).
NFAL
is
a
subsidiary
of
Nuveen,
LLC,
the
investment
management
arm
of
TIAA,
and
TAL
is
an
indirect
wholly
owned
subsidiary
of
TIAA.
Accordingly,
the
Board
also
reviewed
a
balance
sheet
for
TIAA
reflecting
its
assets,
liabilities
and
capital
and
contingency
reserves
for
the
2023
and
2022
calendar
years
to
consider
the
financial
strength
of
TIAA.
The
Board
considered
the
benefit
of
an
investment
adviser
and
its
parent
with
significant
resources,
particularly
during
periods
of
market
volatility.
The
Board
also
considered
the
reinvestments
the
Adviser,
its
parent
and/or
other
affiliates
made
into
their
business
through,
among
other
things,
the
investment
of
seed
capital
in
certain
funds,
initiatives
in
international
expansion,
investments
in
infrastructure
and
continued
investments
in
enhancements
to
technological
capabilities.
179
In
evaluating
the
reasonableness
of
the
compensation,
the
Board
Members
also
considered
the
indirect
benefits
the
Adviser
received
that
were
directly
attributable
to
the
management
of
the
applicable
funds
as
discussed
in
further
detail
below.
Based
on
its
review,
the
Board
was
satisfied
that
the
Adviser’s
level
of
profitability
from
its
relationship
with
each
Fund
was
not
unreasonable
over
various
time
frames
in
light
of
the
nature,
extent
and
quality
of
services
provided.
Economies
of
Scale
and
Whether
Fee
Levels
Reflect
These
Economies
of
Scale
The
Board
considered
whether
there
have
been
economies
of
scale
with
respect
to
the
management
of
the
funds
in
the
fund
complex,
whether
these
economies
of
scale
have
been
appropriately
shared
with
such
funds
and
whether
there
is
potential
for
realization
of
further
economies
of
scale.
Although
the
Board
considered
that
economies
of
scale
are
difficult
to
measure
with
any
precision
and
the
rates
at
which
certain
expenses
are
incurred
may
not
decline
with
a
rise
in
assets,
the
Board
considered
that
there
are
various
methods
that
may
be
employed
to
help
share
the
benefits
of
economies
of
scale,
including,
among
other
things,
through
the
use
of
breakpoints
in
the
management
fee
schedule,
fee
waivers
and/or
expense
limitations,
the
pricing
of
funds
at
scale
at
inception
and
investments
in
the
Adviser’s
business
which
can
enhance
the
services
provided
to
the
applicable
funds
for
the
fees
paid.
The
Board
considered
that
the
Adviser
has
generally
employed
one
or
more
of
these
various
methods
among
the
applicable
funds.
The
Board
considered
that
the
management
fee
of
TAL
for
the
TC
funds
was
comprised
of
only
a
fund-level
fee.
However,
effective
May
1,
2024,
the
Board
approved
the
implementation
of
a
complex-level
component
to
the
fee
arrangement
of
certain
TC
funds
pursuant
to
which
the
management
fee
would
be
comprised
of
a
fund-level
component
and
a
complex-level
component,
subject
to
certain
exceptions.
Participating
Funds
in
the
complex-level
component
include
each
Fund
except
the
Nuveen
Large
Cap
Responsible
Equity
Fund.
To
implement
the
new
structure,
the
fund-level
component
was
reduced
by
an
amount
at
least
equal
to
the
new
complex-
level
fee
component.
The
complex-level
fee
component
contains
its
own
breakpoint
schedule
which
is
designed
to
deliver
the
benefits
of
economies
of
scale
to
shareholders
when
the
assets
of
eligible
funds
in
the
complex
pass
certain
thresholds
even
if
the
assets
of
a
particular
fund
are
unchanged
or
have
declined,
and
the
fund-level
breakpoint
schedules
(if
any)
are
designed
to
share
economies
of
scale
with
shareholders
if
the
particular
fund
grows.
The
Board
considered
that
the
assets
of
the
participating
TC
funds
to
be
included
in
the
calculation
of
the
complex-wide
fee
would
be
phased
into
the
complex-wide
assets
in
determining
the
complex-level
fee
over
a
ten-year
period.
The
Board
reviewed
the
projected
shareholder
savings
derived
from
such
modifications
to
the
complex-
wide
fee
calculation
over
a
ten-year
period
from
2024
to
2033.
The
Board
considered
management’s
representation
that
there
will
be
no
increase
to
any
Fund’s
respective
advisory
agreement
fee
rate.
Similarly,
the
Board
considered
that
certain
reimbursements
of
administrative
costs
to
TAL
under
its
administrative
agreement
will
also
be
phased
out
over
a
three-year
period.
In
addition
to
the
fund-level
and
complex-level
fee
schedules,
the
Board
Members
considered
the
contractual
and/or
voluntary
expense
caps
(if
any)
applicable
to
a
fund.
The
Board
considered
that
such
waivers
and
reimbursements
applicable
to
the
respective
funds
are
another
means
for
potential
economies
of
scale
to
be
shared
with
shareholders
of
such
funds
and
can
provide
a
protection
from
an
increase
in
expenses
if
the
assets
of
the
applicable
funds
decline.
The
Board
Members
also
considered
the
continued
reinvestment
in
Nuveen/TIAA’s
business
to
enhance
its
capabilities
and
services
to
the
benefit
of
its
various
clients.
The
Board
understood
that
many
of
these
investments
were
not
specific
to
individual
funds
but
rather
incurred
across
a
variety
of
products
and
services
pursuant
to
which
the
family
of
funds
as
a
whole
may
benefit.
The
Board
further
considered
that
the
Adviser
and
its
affiliates
have
provided
certain
additional
services,
including,
but
not
limited
to,
services
required
by
new
regulations
and
regulatory
interpretations,
without
raising
advisory
fees
to
the
funds,
and
this
was
also
a
means
of
sharing
economies
of
scale
with
the
funds
and
their
shareholders.
The
Board
considered
the
Adviser’s
and/or
its
affiliates’
ongoing
efforts
to
streamline
the
product
line-up,
among
other
things,
to
create
more
scaled
funds
which
may
help
improve
both
expense
and
trading
economies.
Based
on
its
review,
the
Board
was
satisfied
that
the
current
fee
arrangements
together
with
the
reinvestment
in
management’s
business
appropriately
shared
any
economies
of
scale
with
shareholders.
Indirect
Benefits
The
Board
Members
received
and
considered
information
regarding
various
indirect
benefits
the
Adviser
or
its
affiliates
may
receive
as
a
result
of
their
relationship
with
the
funds
in
the
fund
complex.
These
benefits
included,
among
other
things,
economies
of
scale
to
the
extent
the
Adviser
or
its
affiliates
share
investment
resources
and/or
personnel
with
other
clients
of
the
Adviser.
The
funds
may
also
be
used
as
investment
options
for
other
products
or
businesses
offered
by
the
Adviser
and/or
its
affiliates,
such
as
variable
products,
fund
of
funds
and
529
education
savings
plans,
and
affiliates
of
the
Adviser
may
serve
as
sub-advisers
to
various
funds
in
which
case
all
advisory
and
sub-advisory
fees
generated
by
such
funds
stay
within
Nuveen.
180
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
Further,
the
funds
may
pay
the
Adviser
and/or
its
affiliates
for
other
services,
such
as
distribution.
In
this
regard,
the
Board
Members
considered
that
an
affiliate
of
the
Adviser
serves
as
principal
underwriter
providing
distribution
and/or
shareholder
services
to
the
open-end
funds
for
which
it
may
be
compensated.
The
Board
Members
also
considered
that
certain
share
classes
of
the
funds
(subject
to
certain
exceptions)
pay
12b-1
fees,
some
of
which
may
be
retained
by
the
Adviser’s
affiliate.
In
addition,
the
Board
Members
considered
that
the
Adviser
may
utilize
soft
dollar
brokerage
arrangements
attributable
to
the
respective
fund(s)
to
obtain
research
and
other
services
for
any
or
all
of
its
clients,
although
the
Board
Members
also
considered
that
the
Adviser
reimburses
the
Funds
for
all
such
costs.
The
Adviser
and
its
affiliates
may
also
benefit
from
the
advisory
relationships
with
the
funds
in
the
fund
complex
to
the
extent
this
relationship
results
in
potential
investors
viewing
the
TIAA
group
of
companies
as
a
leading
retirement
plan
provider
in
the
academic
and
nonprofit
market
and
a
single
source
for
all
their
financial
service
needs.
The
Adviser
and/or
its
affiliates
may
further
benefit
to
the
extent
that
they
have
pricing
or
other
information
regarding
vendors
the
funds
utilize
in
establishing
arrangements
with
such
vendors
for
other
products.
Based
on
its
review,
the
Board
concluded
that
any
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationship
with
the
Funds
were
reasonable
in
light
of
the
services
provided.
Other
Considerations
The
Board
Members
did
not
identify
any
single
factor
discussed
previously
as
all-important
or
controlling.
The
Board
Members
concluded
that
the
terms
of
each
Advisory
Agreement
were
reasonable,
that
the
Adviser’s
fees
were
reasonable
in
light
of
the
services
provided
to
each
Fund
and
that
the
Advisory
Agreements
be
renewed
for
an
additional
one-year
period
Liquidity
Risk
Management
Program
(Unaudited)
181
Discussion
of
the
operation
and
effectiveness
of
the
Funds’
liquidity
risk
management
program
In
compliance
with
Rule
22e-4
under
the
Investment
Company
Act
of
1940,
as
amended
(the
“Liquidity
Rule”),
each
series
of
the
Trust
covered
by
this
Report
(the
“Funds”)
has
adopted
and
implemented
a
liquidity
risk
management
program
(the
“Program”),
which
is
reasonably
designed
to
assess
and
manage
the
Funds’
liquidity
risk.
The
Program
consists
of
various
provisions
relating
to
assessing
and
managing
Fund
liquidity
risk,
as
discussed
further
below.
The
Funds’
Board
of
Trustees
(the
“Board”)
previously
approved
the
designation
of
Advisors
(the
“Administrator”)
as
Program
administrator.
The
Liquidity
Monitoring
and
Analysis
Team
(the
“LMAT”)
carries
out
day-to-day
Program
management
with
oversight
by
the
Liquidity
Oversight
Committee
(the
“LOSC”).
Personnel
from
the
Administrator
and
Nuveen
Fund
Advisors,
LLC,
an
affiliate
of
the
Administrator,
comprise
the
LMAT
and
LOSC.
At
a
May
14-16,
2024
Board
meeting,
the
Administrator
provided
the
Board
with
a
written
report
addressing
the
Program’s
operation,
adequacy,
and
effectiveness
of
implementation
for
the
period
from
January
1,
2023
through
December
31,
2023
(the
“Review
Period”),
as
required
under
the
Liquidity
Rule.
The
report
noted
that
the
Program
has
been
and
continues
to
be
adequately
and
effectively
implemented
to
monitor
and
(as
applicable)
respond
to
the
Funds’
liquidity
developments.
In
accordance
with
the
Program,
the
LMAT
assesses
each
Fund’s
liquidity
risk
no
less
frequently
than
annually
based
on
various
factors,
such
as
(i)
the
Fund’s
investment
strategy
and
the
liquidity
of
portfolio
investments,
(ii)
cash
flow
projections,
and
(iii)
holdings
of
cash
and
cash
equivalents
and
borrowing
arrangements
and
other
funding
sources.
Certain
factors
are
considered
under
both
normal
and
reasonably
foreseeable
stressed
conditions.
Each
Fund
portfolio
investment
is
classified
into
one
of
four
liquidity
categories
(including
“highly
liquid
investments”
and
“illiquid
investments,”
discussed
below).
The
classification
is
based
on
a
determination
of
how
long
it
is
reasonably
expected
to
take
to
convert
the
investment
into
cash,
or
sell
or
dispose
of
the
investment,
in
current
market
conditions
without
significantly
changing
the
market
value
of
the
investment.
Liquidity
classification
determinations
take
into
account
various
market,
trading,
and
investment-
specific
considerations,
as
well
as
market
depth,
and
utilize
third-party
vendor
data.
Any
Fund
that
does
not
primarily
hold
highly
liquid
investments
must,
among
other
things,
determine
a
minimum
percentage
of
Fund
net
assets
that
must
be
invested
in
highly
liquid
investments
(a
“Highly
Liquid
Investment
Minimum”).
During
the
Review
Period,
each
Fund
primarily
held
highly
liquid
investments
and
therefore
was
exempt
from
the
requirement
to
adopt
a
Highly
Liquid
Investment
Minimum
and
to
comply
with
the
related
requirements
under
the
Liquidity
Rule.
The
Liquidity
Rule
also
limits
the
Funds’
investments
in
illiquid
investments.
Specifically,
the
Liquidity
Rule
prohibits
acquisition
of
illiquid
investments
if
doing
so
would
result
in
the
Fund
holding
more
than
15%
of
its
net
assets
in
illiquid
investments
and
requires
certain
reporting
anytime
a
Fund’s
holdings
of
illiquid
investments
exceed
15%
of
net
assets.
During
the
Review
Period,
no
Fund
exceeded
the
15%
limit
on
illiquid
investments.
Additional
Information
About
Index
Providers
(Unaudited)
{FooterText}
182
Russell
Indexes
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©
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A12454
(6/24)


Equity
Index
Funds
Nuveen
Semi-annual
Report
Mutual
Funds
April
30,
2024
This
semi-annual
report
contains
the
Funds'
unaudited financial
statements.
Effective
May
1,
2024
and
May
6,
2024,
the
name
of
the
Fund
and
the
names
of
certain
share
classes,
respectively,
changed,
and
all
references
to
the
former
names
in
this
report
have
changed.
Refer
to
Important
Notices
in
this
report
for
more
information.
Fund
Name
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
4.1
Nuveen
Equity
Index
Fund
TINRX
TEIHX
TCEPX
TIEIX
TIQRX
TEQWX
4.2
Nuveen
Large
Cap
Growth
Index
Fund
TRIHX
TILIX
TRIRX
4.3
Nuveen
Large
Cap
Value
Index
Fund
THCVX
TILVX
TRCVX
4.4
Nuveen
S&P
500
Index
Fund
TISAX
TISPX
TRSPX
4.5
Nuveen
Small
Cap
Blend
Index
Fund
TRHBX
TISBX
TRBIX
4.6
Nuveen
Emerging
Markets
Equity
Index
Fund
TEQKX
TEQHX
TEQPX
TEQLX
TEQSX
TENWX
4.7
Nuveen
International
Equity
Index
Fund
TCIHX
TRIPX
TCIEX
TRIEX
TCIWX
Table
of
Contents
Important
Notices
3
About
the
Funds’
Benchmarks
5
Fund
Performance
6
Expense
Examples
13
Portfolios
of
Investments
16
Statement
of
Assets
and
Liabilities
170
Statement
of
Operations
174
Statement
of
Changes
in
Net
Assets
176
Financial
Highlights
180
Notes
to
Financial
Statements
194
Shareholder
Meeting
Report
207
Additional
Fund
Information
208
Approval
of
Investment
Management
Agreement
209
Liquidity
Risk
Management
Program
218
Additional
Information
About
Index
Providers
219
Important
Notices
3
Portfolio
Manager
Commentaries
in
Semi-annual
Shareholder
Reports 
The
Funds
include
portfolio
manager
commentary
in
their
annual
shareholder
reports.
For
the
Funds’
most
recent
annual
portfolio
manager
discussion,
please
refer
to
the
Portfolio
Managers’
Comments
section
of
each
Fund’s
October
31,
2023
annual
shareholder
report.
For
current
information
on
your
Fund’s
investment
objectives,
portfolio
management
team
and
average
annual
total
returns
please
refer
to
the
Fund’s
website
at
www.nuveen.com.
For
changes
that
occurred
to
your
Fund
both
during
and
subsequent
to
this
reporting
period,
please
refer
to
the
Notes
to
Financial
Statements
section
of
this
report.
For
average
annual
total
returns
as
of
the
end
of
this
reporting
period,
please
refer
to
the
Fund
Performance
section
within
this
report.
Securities
and
Exchange
Commission
(the
“SEC”)
Adopts
Amendments
for
Tailored
Shareholder
Reports
On
October
26,
2022,
the
SEC
adopted
rule
and
form
amendments
(the
“Amendments”)
that
require
mutual
funds
and
exchange-
traded
funds
registered
on
Form
N-1A
to
provide
shareholders
with
streamlined
annual
and
semi-annual
shareholder
reports
(“Tailored
Shareholder
Reports”). The
Amendments
require
funds
to
prepare
a
separate
Tailored
Shareholder
Report
for
each
share
class
of
each
series
of
a
fund.
As
a
result,
shareholders
will
receive
a
report
that
covers
only
the
class
of
a
multi-class
fund
in
which
the
shareholder
invests.
Tailored
Shareholder
Reports
are
meant
to
be
three
to
four
pages
in
length
and
will
highlight
key
information
such
as
a
fund’s
expenses,
performance
and
portfolio
holdings.
Other,
more
detailed
information
that
currently
appears
in
fund
shareholder
reports
will
be
made
available
online,
filed
with
the
SEC,
and
delivered
to
investors
free
of
charge
in
paper
or
electronically
upon
request.
The
first
Tailored
Shareholder
Reports
to
be
prepared
for
these
Funds
will
be
for
the
reporting
period
ended
October
31,
2024.
Fund
Name
and
Share
Class
Name
Changes
In
January
2024,
the
Funds’
Board
of
Trustees
approved
the
following
changes
for
the
Funds.
Refer
to
the
Funds’
supplemented
prospectus
dated
May
6,
2024
for
further
information.
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
changed
as
follows:
There
were
no
changes
to
the
investment
objective,
principal
investment
strategies,
principal
investment
risks
or
portfolio
management
of
the
funds
in
connection
with
these
name
changes.
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
New
Name
Former
Name
Nuveen
Equity
Index
Fund
Nuveen
Large
Cap
Growth
Index
Fund
Nuveen
Large
Cap
Value
Index
Fund
Nuveen
S&P
500
Index
Fund
Nuveen
Small
Cap
Blend
Index
Fund
Nuveen
Emerging
Markets
Equity
Index
Fund
Nuveen
International
Equity
Index
Fund
TIAA-CREF
Equity
Index
Fund
TIAA-CREF
Large-Cap
Growth
Index
Fund
TIAA-CREF
Large-Cap
Value
Index
Fund
TIAA-CREF
S&P
500
Index
Fund
TIAA-CREF
Small-Cap
Blend
Index
Fund
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
TIAA-CREF
International
Equity
Index
Fund
New
Name
Former
Name
Important
Notices
(continued)
4
Sales
Charge:
Effective
May
6,
2024,
a
sales
charge
is
imposed
on
purchases
of
Class
A
shares
(formerly
Retail
Class
shares)
of
the
Funds
of
less
than
certain
amounts,
as
set
forth
in
the
Funds’
prospectus.
Therefore,
effective
as
of
May
6,
2024,
Class
A
shares
are
available
for
purchase
at
the
offering
price,
which
will
be
the
net
asset
value
(“NAV”)
per
share
plus
an
up-front
sales
charge.
Shareholders
with
an
account
held
directly
with
a
Fund
that
held
Class
A
shares
of
the
Funds
prior
to
May
6,
2024
will
not
be
subject
to
the
sales
charge
on
any
future
purchases
or
redemptions
of
Class
A
shares
of
that
Fund
or
any
other
fund
that
is
a
series
of
the
TIAA-CREF
Funds
or
is
a
Nuveen
Fund
in
their
account.
Such
shareholders
will
be
able
to
purchase
Class
A
shares
at
NAV.
Events
that
Occurred
Subsequent
to
the
Reporting
Period
Portfolio
Manager
Updates
Effective
June
18,
2024,
Lei
Liao
retired
and
is
no
longer
a
portfolio
manager
of
the
Funds.
Additionally,
effective
June
18,
2024,
Nazar
Romanyak,
CFA
has
been
added
as
a
portfolio
manager
of
the
Funds.
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
5
About
the
Funds’
Benchmarks
Broad
market
indexes
Russell
3000®
Index:
An
index
designed
to
measure
the
performance
of
the
stocks
of
the
3,000
largest
publicly
traded
U.S.
companies,
based
on
market
capitalization.
The
index
measures
the
performance
of
about
98%
of
the
total
market
capitalization
of
the
publicly
traded
U.S.
equity
market.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
EAFE®(Europe,
Australasia,
Far
East)
Index:
An
index
designed
to
measure
the
performance
of
large
and
mid-cap
securities
across
21
developed
market
countries,
excluding
the
U.S.
and
Canada.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
MSCI
Emerging
Markets
Index:
An
index
designed
to
measure
the
performance
of
large
and
mid-cap
equity
securities
across
24
emerging
market
countries.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Large-cap
indexes
S&P
500®
Index:
An
index
generally
considered
representative
of
the
U.S.
equity
market.
The
index
includes
500
leading
companies
and
covers
approximately
80%
of
available
market
capitalization.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Russell
1000®
Growth
Index:
An
index
designed
to
measure
the
performance
of
the
large-cap
growth
segment
of
the
U.S.
equity
universe.
It
includes
those
Russell
1000
companies
with
higher
price-to-book
ratios
and
higher
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Russell
1000
Value
Index:
An
index
designed
to
measure
the
performance
of
the
large-cap
value
segment
of
the
U.S.
equity
universe.
It
includes
those
Russell
1000
companies
with
lower
price-to-book
ratios
and
lower
forecasted
growth
values.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
Small-cap
index
Russell
2000®
Index:
An
index
designed
to
measure
the
performance
of
the
small-cap
segment
of
the
U.S.
equity
universe.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses.
For
additional
details
about
the
benchmark
indexes,
please
read
the
funds’
latest
prospectus.
London
Stock
Exchange
Group
plc
and
its
group
undertakings
(collectively,
the
“LSE
Group”).
©
LSE
Group
2024.
FTSE
Russell
is
a
trading
name
of
certain
of
the
LSE
Group
companies.
“FTSE®,”
“Russell®”
and
“FTSE
Russell®”
are
trademarks
of
the
relevant
LSE
Group
companies
and
are
used
by
any
other
LSE
Group
company
under
license.
All
rights
in
the
FTSE
Russell
indexes
or
data
vest
in
the
relevant
LSE
Group
company
which
owns
the
index
or
the
data.
Neither
LSE
Group
nor
its
licensors
accept
any
liability
for
any
errors
or
omissions
in
the
indexes
or
data
and
no
party
may
rely
on
any
indexes
or
data
contained
in
this
communication.
No
further
distribution
of
data
from
the
LSE
Group
is
permitted
without
the
relevant
LSE
Group
company’s
express
written
consent.
The
LSE
Group
does
not
promote,
sponsor
or
endorse
the
content
of
this
communication.
MSCI
makes
no
express
or
implied
warranties
or
representations
and
shall
have
no
liability
whatsoever
with
respect
to
any
MSCI
data
contained
herein.
This
report
is
not
approved,
reviewed
or
produced
by
MSCI.
S&P
500
is
a
registered
trademark
and
service
mark
of
Standard
&
Poor’s
Financial
Services,
LLC,
a
division
of
S&P
Global.
Equity
Index
Fund
6
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Equity
Index
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
3/31/06
20
.91
%
21
.92
%
12
.09
%
11
.48
%
0
.32
%
0
.32
%
Class
I
12/4/15
21
.01
22
.12
12
.27
11
.69
0
.15
0
.15
Premier
Class
9/30/09
20
.98
22
.09
12
.22
11
.61
0
.20
0
.20
Class
R6
7/1/99
21
.09
22
.25
12
.40
11
.78
0
.05
0
.05
Retirement
Class
3/31/06
20
.93
21
.94
12
.11
11
.51
0
.30
0
.30
Class
W
9/28/18
21
.09
22
.29
12
.44
11
.81
0
.05
0
.00
Russell
3000®
Index
21
.09
22
.30
12
.43
11
.81
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
42.96
billion
Portfolio
turnover
rate
*
1%
Number
of
holdings
2,712
Weighted
median
market
capitalization
$151.63
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
27.2
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
27.2
Financials
13.8
Health
care
12.2
Consumer
discretionary
10.3
Industrials
10.2
Communication
services
8.4
Consumer
staples
5.7
Energy
4.2
Materials
2.6
Real
estate
2.5
Utilities
2.3
Short-term
investments
0.4
Investments
purchased
with
collateral
from
securities
lending
0.3
Other
assets
&
liabilities,
net
-0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
72.3
More
than
$15
billion-$50
billion
15.4
More
than
$2
billion-$15
billion
10.6
$2
billion
or
less
1.7
Total
100.0
Large
Cap
Growth
Index
Fund
7
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Large
Cap
Growth
Index
Fund
Inception
date
6
months
1
year
5
years
10
years
gross
net
Class
I
12/4/15
23
.53
%
31
.62
%
16
.26
%
15
.31
%
0
.16
%
0
.16
%
Class
R6
10/1/02
23
.58
31
.75
16
.39
15
.41
0
.05
0
.05
Retirement
Class
10/1/02
23
.41
31
.44
16
.10
15
.12
0
.30
0
.30
Russell
1000®
Growth
Index
23
.56
31
.80
16
.46
15
.48
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
12.86
billion
Portfolio
turnover
rate
*
9%
Number
of
holdings
442
Weighted
median
market
capitalization
$583.75
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
33.7
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
43.6
Consumer
discretionary
14.9
Communication
services
12.3
Health
care
10.6
Financials
6.7
Industrials
5.7
Consumer
staples
4.1
Materials
0.7
Real
estate
0.7
Energy
0.5
Utilities
0.1
Investments
purchased
with
collateral
from
securities
lending
0.0
Other
assets
&
liabilities,
net
0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
87.4
More
than
$15
billion-$50
billion
9.2
More
than
$2
billion-$15
billion
3.4
Total
100.0
Large
Cap
Value
Index
Fund
8
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Large
Cap
Value
Index
Fund
Inception
date
6
months
1
year
5
years
10
years
gross
net
Class
I
12/4/15
18
.31
%
13
.21
%
8
.43
%
8
.28
%
0
.18
%
0
.18
%
Class
R6
10/1/02
18
.38
13
.39
8
.57
8
.39
0
.05
0
.05
Retirement
Class
10/1/02
18
.22
13
.07
8
.29
8
.12
0
.30
0
.30
Russell
1000®
Value
Index
18
.42
13
.42
8
.60
8
.43
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
9.72
billion
Portfolio
turnover
rate
*
11%
Number
of
holdings
849
Weighted
median
market
capitalization
$77.26
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
21.0
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
22.8
Industrials
14.5
Health
care
14.0
Information
technology
9.0
Energy
8.3
Consumer
staples
8.0
Utilities
4.9
Materials
4.8
Consumer
discretionary
4.8
Communication
services
4.5
Real
estate
4.3
Investments
purchased
with
collateral
from
securities
lending
0.2
Other
assets
&
liabilities,
net
-0.1
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
62.6
More
than
$15
billion-$50
billion
24.5
More
than
$2
billion-$15
billion
12.8
$2
billion
or
less
0.1
Total
100.0
S&P
500
Index
Fund
9
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
S&P
500
Index
Fund
Inception
date
6
months
1
year
5
years
10
years
gross
net
Class
I
12/4/15
20.86%
22.42%
12.99%
12.24%
0.18%
0.18%
Class
R6
10/1/02
20.92
22.59
13.14
12.35
0.05
0.05
Retirement
Class
10/1/02
20.79
22.29
12.86
12.07
0.30
0.30
S&P
500®
Index
20.98
22.66
13.19
12.41
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
9.39
billion
Portfolio
turnover
rate
*
1%
Number
of
holdings
508
Weighted
median
market
capitalization
$213.48
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
25.8
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Information
technology
29.0
Financials
13.0
Health
care
12.2
Consumer
discretionary
10.3
Communication
services
9.1
Industrials
8.8
Consumer
staples
6.1
Energy
4.1
Materials
2.3
Utilities
2.3
Real
estate
2.1
Short-term
investments
0.5
Other
assets
&
liabilities,
net
0.2
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
82.4
More
than
$15
billion-$50
billion
15.4
More
than
$2
billion-$15
billion
2.2
Total
100.0
Small
Cap
Blend
Index
Fund
10
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Small
Cap
Blend
Index
Fund
Inception
date
6
months
1
year
5
years
10
years
gross
net
Class
I
12/4/15
19
.55
%
13
.22
%
5
.78
%
7
.26
%
0
.71
%
0
.21
%
Class
R6
10/1/02
19
.72
13
.39
5
.95
7
.38
0
.05
0
.05
Retirement
Class
10/1/02
19
.47
13
.07
5
.67
7
.12
0
.30
0
.30
Russell
2000®
Index
19
.66
13
.32
5
.83
7
.22
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
this
period
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
I
shown
for
this
period
would
have
been
different
because
Class
I
has
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
3.26
billion
Portfolio
turnover
rate
*
7%
Number
of
holdings
1,916
Weighted
median
market
capitalization
$2.91
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
93.5
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Industrials
17.3
Financials
15.9
Health
care
14.8
Information
technology
14.5
Consumer
discretionary
10.4
Energy
7.5
Real
estate
5.6
Materials
4.8
Consumer
staples
3.3
Utilities
2.6
Communication
services
2.2
Short-term
investments
1.1
Investments
purchased
with
collateral
from
securities
lending
2.5
Other
assets
&
liabilities,
net
-2.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
1.8
More
than
$15
billion-$50
billion
0.6
More
than
$2
billion-$15
billion
64.9
$2
billion
or
less
32.7
Total
100.0
Emerging
Markets
Equity
Index
Fund
11
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Emerging
Markets
Equity
Index
Fund
Inception
date
6
months
1
year
5
years
10
Years
gross
net
Class
A
8/31/10
13
.52
%
7
.35
%
1
.00
%
2
.27
%
0
.49
%
0
.49
%
Class
I
12/4/15
13
.62
7
.59
1
.20
2
.54
0
.29
0
.29
Premier
Class
8/31/10
13
.65
7
.59
1
.20
2
.49
0
.31
0
.31
Class
R6
8/31/10
13
.76
7
.71
1
.34
2
.65
0
.16
0
.16
Retirement
Class
8/31/10
13
.68
7
.49
1
.10
2
.40
0
.41
0
.41
Class
W
9/28/18
13
.79
7
.86
1
.52
2
.75
0
.16
0
.00
MSCI
Emerging
Markets
Index
15
.40
9
.88
1
.89
2
.96
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
6.20
billion
Portfolio
turnover
rate
*
1%
Number
of
holdings
1,375
Weighted
median
market
capitalization
$32.24
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
16.2
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
23.3
Information
technology
23.1
Consumer
discretionary
13.3
Communication
services
9.0
Materials
6.9
Consumer
staples
5.9
Industrials
5.4
Energy
5.3
Health
care
3.3
Utilities
2.9
Real
estate
1.8
Short-term
investments
1.1
Investments
purchased
with
collateral
from
securities
lending
0.2
Other
assets
&
liabilities,
net
-1.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
35.4
More
than
$15
billion-$50
billion
29.1
More
than
$2
billion-$15
billion
34.9
$2
billion
or
less
0.6
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
China
26.1
India
17.9
Taiwan
16.8
Korea,
Republic
of
11.8
Brazil
4.9
Saudi
Arabia
4.1
Mexico
2.7
South
Africa
2.6
Indonesia
1.7
Thailand
1.4
20
other
nations
8.7
Short-term
investments
1.1
Investments
purchased
with
collateral
from
securities
lending
0.2
Total
100.0
International
Equity
Index
Fund
12
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
company
size
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
International
Equity
Index
Fund
Inception
date
6
months
1
year
5
years
10
years
gross
net
Class
I
12/4/15
17.06%
8.42%
5.97%
4.32%
0.19%
0.19%
Premier
Class
9/30/09
16.99
8.35
5.93
4.26
0.20
0.20
Class
R6
10/1/02
17.14
8.56
6.09
4.42
0.05
0.05
Retirement
Class
10/1/02
16.95
8.23
5.83
4.15
0.30
0.30
Class
W
9/28/18
17.12
8.61
6.15
4.45
0.05
0.00
MSCI
EAFE®
Index
18.63
9.28
6.18
4.38
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
as
of
4/30/2024
Net
assets
$
23.73
billion
Portfolio
turnover
rate
*
3%
Number
of
holdings
789
Weighted
median
market
capitalization
$55.20
billon
Price/earnings
ratio
(weighted
12-month
trailing
average)
14.6
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Price/earnings
ratio
is
the
price
of
a
stock
divided
by
its
earnings
per
share
for
the
past
twelve-month
period.
%
of
net
assets
as
of
4/30/2024
Financials
18.9
Industrials
16.5
Health
care
12.5
Consumer
discretionary
11.8
Information
technology
9.0
Consumer
staples
8.8
Materials
7.6
Energy
4.3
Utilities
3.4
Communication
services
3.4
Real
estate
1.7
Short-term
investments
1.8
Investments
purchased
with
collateral
from
securities
lending
1.8
Other
assets
&
liabilities,
net
-1.5
Total
100.0
Market
capitalization
%
of
equity
investments
as
of
4/30/2024
More
than
$50
billion
51.9
More
than
$15
billion-$50
billion
31.2
More
than
$2
billion-$15
billion
16.9
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Japan
22.2
United
Kingdom
10.2
France
10.0
United
States
8.6
Germany
8.2
Australia
7.0
Switzerland
5.9
Netherlands
4.4
Denmark
3.6
Sweden
2.9
22
other
nations
13.4
Short-term
investments
1.8
Investments
purchased
with
collateral
from
securities
lending
1.8
Total
100.0
13
Expense
Examples
All
shareholders
of
the
Funds
incur
ongoing
costs,
including
management
fees
and
other
fund
expenses.
They
may
also
incur
transactional
costs
for
redemptions
or
account
maintenance
fees.
The
expense
examples
that
appear
in
this
report
are
intended
to
help
you
understand
your
ongoing
costs
only
(in
U.S.
dollars)
and
do
not
reflect
transactional
costs.
The
examples
are
designed
to
help
you
compare
these
ongoing
costs
with
the
ongoing
costs
of
investing
in
other
mutual
funds.
The
expenses
shown
do
not
include
account
maintenance
fees,
which
may
or
may
not
be
applicable,
as
described
in
the
prospectus.
If
such
fees
were
included,
your
total
costs
for
investing
in
the
funds
would
be
higher.
Note
also
that
shareholders
of
the
Funds
do
not
incur
a
sales
charge
for
purchases,
reinvested
dividends
or
other
distributions.
The
examples
are
based
on
an
investment
of
$1,000
invested
at
the
beginning
of
the
six-month
period
and
held
for
the
entire
period
(
November
1,
2023
April
30,
2024
).
Actual
expenses
The
first
section
in
each
table
uses
the
Fund’s
actual
expenses
and
its
actual
rate
of
return.
You
may
use
the
information
in
this
section,
together
with
the
amount
you
invested,
to
estimate
the
expenses
that
you
paid
over
the
six-month
period.
Simply
divide
your
account
value
by
$1,000
(for
example,
an
$8,600
account
value
divided
by
$1,000
=
8.6),
then
multiply
the
result
by
the
number
in
the
first
line
under
the
heading
“Expenses
incurred
during
the
period”
to
estimate
the
expenses
you
paid
during
the
six-month
period.
Some
funds
have
a
contractual
fee
reimbursement.
Had
these
not
been
in
effect,
fund
expenses
would
have
been
higher.
Hypothetical
example
for
comparison
purposes
The
second
section
in
each
table
shows
hypothetical
account
values
and
expenses
based
on
the
Fund’s
actual
expense
ratio
for
each
share
class
for
the
six-month
period
and
an
assumed
5%-per-year
rate
of
return
before
expenses.
This
was
not
the
share
class’
actual
return.
This
hypothetical
example
cannot
be
used
to
estimate
the
actual
expenses
you
paid
for
the
period,
but
rather
allows
you
to
compare
the
ongoing
costs
of
investing
in
the
Fund
with
the
costs
of
other
funds.
To
do
so,
compare
this
5%
hypothetical
example
with
the
5%
hypothetical
examples
that
appear
in
the
shareholder
reports
of
other
mutual
funds.
4.1
Equity
Index
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,209.10
$1,210.10
$1,209.80
$1,210.90
$1,209.30
$1,210.90
Expenses
incurred
during
the
period*
$1.76
$0.82
$1.10
$0.27
$1.65
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,023.27
$1,024.12
$1,023.87
$1,024.61
$1,023.37
$1,024.86
Expenses
incurred
during
the
period*
$1.61
$0.75
$1.01
$0.25
$1.51
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.32%
for
Class
A,
0.15%
for
Class
I,
0.20%
for
Premier
Class,
0.05%
for
Class
R6,
0.30%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Expense
Examples
(continued)
14
4.2
Large
Cap
Growth
Index
Fund
Share
Class
Class
I
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,235.30
$1,235.80
$1,234.10
Expenses
incurred
during
the
period*
$0.89
$0.28
$1.67
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,024.07
$1,024.61
$1,023.37
Expenses
incurred
during
the
period*
$0.81
$0.25
$1.51
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.16%
for
Class
I,
0.05%
for
Class
R6
and
0.30%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
4.3
Large
Cap
Value
Index
Fund
Share
Class
Class
I
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,183.10
$1,183.80
$1,182.20
Expenses
incurred
during
the
period*
$0.92
$0.27
$1.63
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,024.02
$1,024.61
$1,023.37
Expenses
incurred
during
the
period*
$0.86
$0.25
$1.51
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.17%
for
Class
I,
0.05%
for
Class
R6
and
0.30%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
4.4
S&P
500
Index
Fund
Share
Class
Class
I
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,208.60
$1,209.20
$1,207.90
Expenses
incurred
during
the
period*
$0.99
$0.27
$1.65
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,023.97
$1,024.61
$1,023.37
Expenses
incurred
during
the
period*
$0.91
$0.25
$1.51
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.18%
for
Class
I,
0.05%
for
Class
R6
and
0.30%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
15
4.5
Small
Cap
Blend
Index
Fund
Share
Class
Class
I
Class
R6
Retirement
Class
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,195.50
$1,197.20
$1,194.70
Expenses
incurred
during
the
period*
$1.15
$0.33
$1.69
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,023.82
$1,024.57
$1,023.32
Expenses
incurred
during
the
period*
$1.06
$0.30
$1.56
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.21%
for
Class
I,
0.06%
for
Class
R6
and
0.31%
for
Retirement
Class.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
4.6
Emerging
Markets
Equity
Index
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,135.20
$1,136.20
$1,136.50
$1,137.60
$1,136.80
$1,137.90
Expenses
incurred
during
the
period*
$2.65
$1.54
$1.65
$0.85
$2.18
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,022.38
$1,023.42
$1,023.32
$1,024.07
$1,022.82
$1,024.86
Expenses
incurred
during
the
period*
$2.51
$1.46
$1.56
$0.81
$2.06
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.50%
for
Class
A,
0.29%
for
Class
I,
0.31%
for
Premier
Class,
0.16%
for
Class
R6,
0.41%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
4.7
International
Equity
Index
Fund
Share
Class
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,170.60
$1,169.90
$1,171.40
$1,169.50
$1,171.20
Expenses
incurred
during
the
period*
$0.97
$1.08
$0.27
$1.62
$0.00
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,023.97
$1,023.87
$1,024.61
$1,023.37
$1,024.86
Expenses
incurred
during
the
period*
$0.91
$1.01
$0.25
$1.51
$0.00
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.18%
for
Class
I,
0.20%
for
Premier
Class,
0.05%
for
Class
R6,
0.30%
for
Retirement
Class
and
0.00%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Equity
Index
Fund
April
30,
2024
Portfolios
of
Investments
16
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.4%
COMMON
STOCKS
-
99.4%
AUTOMOBILES
&
COMPONENTS
-
1
.4
%
102,643
(a)
Adient
plc
$
3,065,946‌
82,911
(a)
American
Axle
&
Manufacturing
Holdings,
Inc
608,567‌
238,352
(a)
Aptiv
plc
16,922,992‌
204,944
BorgWarner,
Inc
6,716,015‌
27,933
(a)
Cooper-Standard
Holdings,
Inc
431,006‌
107,715
Dana
Inc
1,338,897‌
20,044
(a)
Dorman
Products,
Inc
1,752,848‌
3,472,167
Ford
Motor
Co
42,186,829‌
40,428
(a)
Fox
Factory
Holding
Corp
1,573,458‌
1,023,446
General
Motors
Co
45,574,050‌
218,002
Gentex
Corp
7,477,469‌
25,155
(a)
Gentherm,
Inc
1,272,088‌
275,187
(a)
Goodyear
Tire
&
Rubber
Co
3,291,236‌
127,748
Harley-Davidson,
Inc
4,393,254‌
110,804
(a),(b)
Holley,
Inc
445,432‌
18,139
LCI
Industries
1,886,093‌
51,928
Lear
Corp
6,536,177‌
640,885
(a),(b)
Lucid
Group,
Inc
1,634,257‌
194,312
(a),(b)
Luminar
Technologies,
Inc
285,639‌
43,958
(a)
Modine
Manufacturing
Co
4,071,830‌
16,988
Patrick
Industries,
Inc
1,775,076‌
40,988
Phinia,
Inc
1,598,532‌
251,662
(a),(b)
QuantumScape
Corp
1,364,008‌
576,192
(a),(b)
Rivian
Automotive,
Inc
5,128,109‌
217,401
(a),(b)
Solid
Power,
Inc
367,408‌
15,934
Standard
Motor
Products,
Inc
511,481‌
19,766
(a)
Stoneridge,
Inc
296,095‌
2,427,412
(a)
Tesla,
Inc
444,896,071‌
41,295
Thor
Industries,
Inc
4,105,549‌
28,194
(a)
Visteon
Corp
3,119,102‌
23,560
Winnebago
Industries,
Inc
1,450,825‌
177,385
(a),(b)
Workhorse
Group,
Inc
26,821‌
21,842
(a)
XPEL,
Inc
1,147,797‌
TOTAL
AUTOMOBILES
&
COMPONENTS
617,250,957‌
BANKS
-
3
.7
%
18,633
1st
Source
Corp
924,197‌
14,723
Amalgamated
Financial
Corp
361,302‌
25,834
Amerant
Bancorp,
Inc
559,564‌
48,454
Ameris
Bancorp
2,300,596‌
27,215
Arrow
Financial
Corp
606,078‌
156,553
Associated
Banc-Corp
3,298,572‌
91,335
Atlantic
Union
Bankshares
Corp
2,901,713‌
44,566
(a)
Axos
Financial,
Inc
2,255,485‌
112,080
(b)
Banc
of
California,
Inc
1,534,375‌
24,715
Bancfirst
Corp
2,203,837‌
37,392
(a)
Bancorp,
Inc
1,119,516‌
7,985
(b)
Bank
First
Corp
616,362‌
6,062,130
Bank
of
America
Corp
224,359,431‌
34,424
(b)
Bank
of
Hawaii
Corp
1,951,497‌
6,575
Bank
of
Marin
Bancorp
94,417‌
39,774
Bank
of
NT
Butterfield
&
Son
Ltd
1,352,316‌
90,703
Bank
OZK
4,049,889‌
79,459
BankUnited,
Inc
2,123,939‌
41,073
Banner
Corp
1,792,015‌
12,845
Bar
Harbor
Bankshares
322,153‌
16,293
BCB
Bancorp,
Inc
153,480‌
43,571
Berkshire
Hills
Bancorp,
Inc
928,934‌
17
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
12,822
(b)
Blue
Ridge
Bankshares,
Inc
$
32,055‌
37,887
BOK
Financial
Corp
3,361,714‌
15,598
(a)
Bridgewater
Bancshares,
Inc
169,706‌
67,439
Brookline
Bancorp,
Inc
559,744‌
19,568
Business
First
Bancshares,
Inc
395,078‌
25,800
Byline
Bancorp,
Inc
559,086‌
143,139
Cadence
Bank
3,960,656‌
4,978
Cambridge
Bancorp
305,500‌
11,105
Camden
National
Corp
346,698‌
191
Capital
Bancorp,
Inc
3,705‌
4,521
Capital
City
Bank
Group,
Inc
119,897‌
105,986
Capitol
Federal
Financial,
Inc
505,553‌
15,958
(a)
Carter
Bankshares,
Inc
194,209‌
82,639
Cathay
General
Bancorp
2,846,087‌
16,021
Central
Pacific
Financial
Corp
319,459‌
1,673,314
Citigroup,
Inc
102,624,348‌
5,190
Citizens
&
Northern
Corp
88,489‌
413,701
Citizens
Financial
Group,
Inc
14,111,341‌
13,280
City
Holding
Co
1,341,546‌
5,750
Civista
Bancshares,
Inc
82,110‌
7,874
CNB
Financial
Corp
149,606‌
14,705
(a)
Coastal
Financial
Corp
568,789‌
167,425
Columbia
Banking
System,
Inc
3,149,264‌
27,831
(a)
Columbia
Financial,
Inc
461,995‌
99,964
Comerica,
Inc
5,015,194‌
116,569
Commerce
Bancshares,
Inc
6,373,993‌
60,022
Community
Bank
System,
Inc
2,594,151‌
14,068
Community
Trust
Bancorp,
Inc
590,997‌
32,974
ConnectOne
Bancorp,
Inc
590,564‌
32,218
(a)
CrossFirst
Bankshares,
Inc
389,193‌
46,800
Cullen/Frost
Bankers,
Inc
4,883,112‌
32,680
(a)
Customers
Bancorp,
Inc
1,492,496‌
139,451
CVB
Financial
Corp
2,278,629‌
28,972
Dime
Community
Bancshares,
Inc
527,290‌
26,137
Eagle
Bancorp,
Inc
483,273‌
126,261
East
West
Bancorp,
Inc
9,405,182‌
133,594
Eastern
Bankshares,
Inc
1,677,941‌
5,234
Enterprise
Bancorp,
Inc
127,186‌
28,968
Enterprise
Financial
Services
Corp
1,101,074‌
11,154
Equity
Bancshares,
Inc
371,540‌
8,510
Esquire
Financial
Holdings,
Inc
400,481‌
9,389
(b)
Farmers
&
Merchants
Bancorp,
Inc
192,475‌
11,812
Farmers
National
Banc
Corp
139,736‌
34,406
FB
Financial
Corp
1,260,980‌
587,078
Fifth
Third
Bancorp
21,404,864‌
8,770
Financial
Institutions,
Inc
151,019‌
24,700
First
Bancorp
751,127‌
158,461
First
BanCorp
2,733,452‌
7,604
First
Bancorp,
Inc
167,896‌
14,763
First
Bancshares,
Inc
353,426‌
588
First
Bank
6,868‌
38,527
First
Busey
Corp
860,693‌
8,793
First
Business
Financial
Services,
Inc
290,785‌
9,761
First
Citizens
Bancshares,
Inc
(Class
A)
16,464,464‌
135,088
First
Commonwealth
Financial
Corp
1,781,811‌
14,032
First
Community
Bancshares,
Inc
465,582‌
73,937
First
Financial
Bancorp
1,634,747‌
112,033
First
Financial
Bankshares,
Inc
3,311,695‌
4,322
First
Financial
Corp
157,364‌
113,382
First
Foundation,
Inc
621,333‌
135,411
First
Hawaiian,
Inc
2,855,818‌
541,440
First
Horizon
National
Corp
8,078,285‌
96,845
First
Interstate
BancSystem,
Inc
2,585,762‌
Equity
Index
Fund
April
30,
2024
18
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
47,027
First
Merchants
Corp
$
1,571,642‌
12,091
First
Mid
Bancshares,
Inc
374,337‌
12,529
First
of
Long
Island
Corp
118,650‌
9,917
(a)
First
Western
Financial,
Inc
165,316‌
15,276
Five
Star
Bancorp
330,267‌
42,707
Flushing
Financial
Corp
470,631‌
325,156
FNB
Corp
4,337,581‌
194,217
Fulton
Financial
Corp
3,214,291‌
19,386
(a),(b)
FVCBankcorp,
Inc
223,133‌
19,355
German
American
Bancorp,
Inc
614,134‌
101,511
Glacier
Bancorp,
Inc
3,672,668‌
7,132
Great
Southern
Bancorp,
Inc
366,585‌
11,967
Greene
County
Bancorp,
Inc
352,069‌
5,058
Guaranty
Bancshares,
Inc
145,316‌
70,171
Hancock
Whitney
Corp
3,185,062‌
29,083
Hanmi
Financial
Corp
444,970‌
39,598
HarborOne
Bancorp,
Inc
401,128‌
7,219
HBT
Financial,
Inc
133,227‌
34,542
Heartland
Financial
USA,
Inc
1,454,564‌
55,657
Heritage
Commerce
Corp
441,917‌
28,290
Heritage
Financial
Corp
501,865‌
46,898
Hilltop
Holdings,
Inc
1,372,235‌
1,692
Hingham
Institution
For
Savings
The
285,779‌
2,890
Home
Bancorp,
Inc
101,150‌
183,082
Home
Bancshares,
Inc
4,335,382‌
77,357
HomeStreet,
Inc
947,623‌
8,226
HomeTrust
Bancshares,
Inc
211,408‌
99,262
Hope
Bancorp,
Inc
994,605‌
37,769
Horizon
Bancorp,
Inc
433,588‌
1,192,416
Huntington
Bancshares,
Inc
16,061,844‌
41,058
Independent
Bank
Corp
2,062,754‌
16,001
Independent
Bank
Corp
396,985‌
27,575
Independent
Bank
Group,
Inc
1,026,893‌
63,589
International
Bancshares
Corp
3,538,728‌
10,716
(b)
John
Marshall
Bancorp,
Inc
177,028‌
2,537,196
JPMorgan
Chase
&
Co
486,481,961‌
62,205
Kearny
Financial
Corp
335,907‌
839,749
Keycorp
12,167,963‌
54,549
Lakeland
Bancorp,
Inc
664,952‌
19,759
Lakeland
Financial
Corp
1,161,236‌
23,057
Live
Oak
Bancshares,
Inc
745,202‌
148,957
M&T
Bank
Corp
21,507,901‌
12,700
Macatawa
Bank
Corp
177,800‌
8,910
Mercantile
Bank
Corp
321,473‌
28,455
Metrocity
Bankshares,
Inc
653,896‌
15,723
(a)
Metropolitan
Bank
Holding
Corp
624,203‌
11,042
Mid
Penn
Bancorp,
Inc
223,380‌
22,606
Midland
States
Bancorp,
Inc
495,071‌
5,927
MidWestOne
Financial
Group,
Inc
119,548‌
25,698
MVB
Financial
Corp
461,793‌
21,289
National
Bank
Holdings
Corp
696,789‌
34,793
NBT
Bancorp,
Inc
1,218,103‌
158,885
(b)
New
York
Community
Bancorp,
Inc
421,045‌
8,973
Nicolet
Bankshares,
Inc
686,704‌
9,353
Northeast
Bank
483,737‌
27,798
Northeast
Community
Bancorp,
Inc
438,652‌
44,937
Northfield
Bancorp,
Inc
374,775‌
101,413
Northwest
Bancshares,
Inc
1,074,978‌
2,011,856
(a)
NU
Holdings
Ltd
21,848,756‌
52,078
OceanFirst
Financial
Corp
768,671‌
72,625
OFG
Bancorp
2,622,489‌
326,590
Old
National
Bancorp
5,401,799‌
15,271
Old
Second
Bancorp,
Inc
209,213‌
19
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
20,312
Origin
Bancorp,
Inc
$
603,266‌
3,618
Orrstown
Financial
Services,
Inc
94,864‌
89,066
Pacific
Premier
Bancorp,
Inc
1,914,919‌
11,574
Park
National
Corp
1,524,412‌
12,857
(b)
Parke
Bancorp,
Inc
211,626‌
22,883
Pathward
Financial,
Inc
1,152,617‌
10,253
Peapack
Gladstone
Financial
Corp
229,462‌
23,125
Peoples
Bancorp,
Inc
671,550‌
8,138
(b)
Peoples
Financial
Services
Corp
308,186‌
64,999
Pinnacle
Financial
Partners,
Inc
4,985,423‌
385
(a)
Pioneer
Bancorp,
Inc
3,409‌
353,298
PNC
Financial
Services
Group,
Inc
54,146,451‌
77,194
Popular,
Inc
6,560,718‌
12,183
Preferred
Bank
922,131‌
28,576
Premier
Financial
Corp
553,803‌
5,687
Primis
Financial
Corp
55,278‌
82,390
Prosperity
Bancshares,
Inc
5,105,708‌
103,199
Provident
Financial
Services,
Inc
1,514,961‌
14,068
QCR
Holdings,
Inc
773,177‌
22,257
RBB
Bancorp
395,284‌
4,522
Red
River
Bancshares,
Inc
204,440‌
840,825
Regions
Financial
Corp
16,202,698‌
43,118
Renasant
Corp
1,253,009‌
4,137
Republic
Bancorp,
Inc
(Class
A)
209,829‌
33,109
S&T
Bancorp,
Inc
998,236‌
34,709
Sandy
Spring
Bancorp,
Inc
709,799‌
69,004
Seacoast
Banking
Corp
of
Florida
1,591,922‌
41,638
ServisFirst
Bancshares,
Inc
2,454,976‌
14,920
Shore
Bancshares,
Inc
154,422‌
5,250
Sierra
Bancorp
104,055‌
98,370
Simmons
First
National
Corp
(Class
A)
1,681,143‌
16,069
SmartFinancial,
Inc
330,218‌
354
South
Plains
Financial,
Inc
9,176‌
2,746
(a)
Southern
First
Bancshares,
Inc
70,902‌
5,675
Southern
Missouri
Bancorp,
Inc
227,568‌
24,349
(b)
Southside
Bancshares,
Inc
649,144‌
69,727
SouthState
Corp
5,278,334‌
38,203
Stellar
Bancorp,
Inc
848,107‌
21,096
Stock
Yards
Bancorp,
Inc
939,827‌
5,861
Summit
Financial
Group,
Inc
155,141‌
110,649
Synovus
Financial
Corp
3,960,128‌
38,762
(a)
Texas
Capital
Bancshares,
Inc
2,224,939‌
11,131
Tompkins
Trustco,
Inc
489,541‌
56,169
Towne
Bank
1,453,092‌
24,322
Trico
Bancshares
845,676‌
17,672
(a)
Triumph
Financial,
Inc
1,243,402‌
1,176,201
Truist
Financial
Corp
44,166,348‌
19,519
TrustCo
Bank
Corp
NY
519,596‌
45,567
Trustmark
Corp
1,348,783‌
38,832
UMB
Financial
Corp
3,093,357‌
130,431
United
Bankshares,
Inc
4,233,790‌
103,599
United
Community
Banks,
Inc
2,613,803‌
22,107
Univest
Financial
Corp
461,373‌
1,381,988
US
Bancorp
56,150,172‌
414,096
Valley
National
Bancorp
2,902,813‌
34,533
Veritex
Holdings,
Inc
672,703‌
81,289
Washington
Federal,
Inc
2,202,119‌
15,885
Washington
Trust
Bancorp,
Inc
404,432‌
153,531
Webster
Financial
Corp
6,729,264‌
3,187,447
Wells
Fargo
&
Co
189,079,356‌
51,566
WesBanco,
Inc
1,392,282‌
8,366
West
Bancorporation,
Inc
136,031‌
20,400
Westamerica
Bancorporation
949,620‌
Equity
Index
Fund
April
30,
2024
20
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
91,934
Western
Alliance
Bancorp
$
5,224,609‌
46,083
Wintrust
Financial
Corp
4,453,461‌
47,065
WSFS
Financial
Corp
2,011,087‌
109,414
Zions
Bancorporation
4,461,903‌
TOTAL
BANKS
1,572,716,004‌
CAPITAL
GOODS
-
6
.8
%
90,270
(a)
3D
Systems
Corp
302,405‌
486,875
3M
Co
46,988,306‌
100,665
A.O.
Smith
Corp
8,339,089‌
54,660
Aaon,
Inc
5,142,959‌
23,678
(a)
AAR
Corp
1,637,097‌
26,578
Acuity
Brands,
Inc
6,599,317‌
64,984
Advanced
Drainage
Systems,
Inc
10,202,488‌
115,971
Aecom
Technology
Corp
10,711,082‌
22,184
(a)
Aerovironment,
Inc
3,544,781‌
27,273
(a)
AerSale
Corp
194,456‌
53,417
AGCO
Corp
6,099,687‌
77,906
Air
Lease
Corp
3,913,997‌
13,727
Alamo
Group,
Inc
2,668,254‌
34,459
Albany
International
Corp
(Class
A)
2,748,105‌
77,538
Allegion
plc
9,425,519‌
6,208
Allied
Motion
Technologies,
Inc
182,453‌
78,516
Allison
Transmission
Holdings,
Inc
5,774,852‌
12,889
Alta
Equipment
Group,
Inc
143,197‌
35,576
(a)
Ameresco,
Inc
744,606‌
12,826
(a)
American
Woodmark
Corp
1,181,018‌
201,984
Ametek,
Inc
35,278,525‌
213,046
(a)
API
Group
Corp
8,217,184‌
18,243
Apogee
Enterprises,
Inc
1,127,053‌
30,780
Applied
Industrial
Technologies,
Inc
5,640,435‌
96,323
(a),(b)
Archer
Aviation,
Inc
373,733‌
51,490
Arcosa,
Inc
3,914,270‌
11,536
Argan,
Inc
695,159‌
35,399
Armstrong
World
Industries,
Inc
4,066,637‌
157,065
(a)
Array
Technologies,
Inc
1,938,182‌
17,527
Astec
Industries,
Inc
732,629‌
17,487
(a)
Astronics
Corp
293,257‌
34,587
Atkore,
Inc
6,063,101‌
60,126
(a)
Axon
Enterprise,
Inc
18,859,121‌
100,862
(a)
AZEK
Co,
Inc
4,603,342‌
18,025
(b)
AZZ,
Inc
1,291,131‌
69,999
Barnes
Group,
Inc
2,430,365‌
45,670
(a)
Beacon
Roofing
Supply,
Inc
4,499,865‌
28,514
(a),(b)
Blink
Charging
Co
72,140‌
162,550
(a),(b)
Bloom
Energy
Corp
1,809,181‌
11,512
(a)
Blue
Bird
Corp
379,378‌
11,068
(a)
BlueLinx
Holdings,
Inc
1,213,828‌
492,155
(a)
Boeing
Co
82,603,295‌
33,731
Boise
Cascade
Co
4,461,599‌
11,845
(a)
Bowman
Consulting
Group
Ltd
384,844‌
40,102
(b)
Brookfield
Business
Corp
816,076‌
114,153
(a)
Builders
FirstSource,
Inc
20,869,451‌
87,839
BWX
Technologies,
Inc
8,412,341‌
8,806
Cadre
Holdings,
Inc
293,680‌
41,080
Carlisle
Cos,
Inc
15,949,310‌
725,390
Carrier
Global
Corp
44,604,231‌
448,464
Caterpillar,
Inc
150,042,600‌
849,324
(a),(b)
ChargePoint
Holdings,
Inc
1,129,601‌
36,781
(a)
Chart
Industries,
Inc
5,298,671‌
900,871
(a)
CNH
Industrial
NV
10,269,929‌
20,151
Columbus
McKinnon
Corp
831,632‌
28,861
Comfort
Systems
USA,
Inc
8,929,882‌
21
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
887
(a)
Concrete
Pumping
Holdings,
Inc
$
5,899‌
28,626
(a)
Construction
Partners,
Inc
1,478,247‌
143,688
(a)
Core
&
Main,
Inc
8,114,061‌
38,580
Crane
Co
5,401,586‌
11,874
CSW
Industrials,
Inc
2,821,500‌
123,420
Cummins,
Inc
34,864,916‌
33,427
Curtiss-Wright
Corp
8,471,070‌
55,814
(a)
Custom
Truck
One
Source,
Inc
278,512‌
231,968
Deere
&
Co
90,794,595‌
311,752
(a),(b)
Desktop
Metal,
Inc
243,915‌
80,220
(a)
DNOW,
Inc
1,131,904‌
101,213
Donaldson
Co,
Inc
7,307,579‌
17,088
Douglas
Dynamics,
Inc
386,872‌
121,539
Dover
Corp
21,791,943‌
7,460
(a)
Ducommun,
Inc
403,511‌
12,598
(a)
DXP
Enterprises,
Inc
614,278‌
21,956
(a)
Dycom
Industries,
Inc
3,074,279‌
352,618
Eaton
Corp
plc
112,224,205‌
39,624
EMCOR
Group,
Inc
14,152,504‌
502,688
Emerson
Electric
Co
54,179,713‌
16,119
Encore
Wire
Corp
4,503,004‌
46,405
(a)
Energy
Recovery,
Inc
691,434‌
94,986
(a),(b)
Energy
Vault
Holdings,
Inc
120,632‌
55,416
Enerpac
Tool
Group
Corp
1,974,472‌
33,465
EnerSys
3,026,909‌
116,702
(a),(b)
Enovix
Corp
730,555‌
16,390
EnPro
Industries,
Inc
2,460,631‌
56,109
Esab
Corp
5,940,821‌
19,331
ESCO
Technologies,
Inc
1,961,130‌
80,826
(a),(b)
ESS
Tech,
Inc
60,935‌
506,576
Fastenal
Co
34,416,773‌
46,155
Federal
Signal
Corp
3,752,401‌
182,133
Ferguson
plc
38,229,717‌
98,402
Flowserve
Corp
4,640,638‌
93,285
(a),(b)
Fluence
Energy,
Inc
1,664,204‌
142,932
(a)
Fluor
Corp
5,764,448‌
310,223
Fortive
Corp
23,350,485‌
104,386
Fortune
Brands
Innovations,
Inc
7,630,617‌
37,279
Franklin
Electric
Co,
Inc
3,588,849‌
79,831
FTAI
Aviation
Ltd
5,604,935‌
59,145
(a),(b)
FTC
Solar,
Inc
27,207‌
511,812
(a),(b)
FuelCell
Energy,
Inc
474,859‌
155,438
(a)
Gates
Industrial
Corp
plc
2,738,818‌
36,014
GATX
Corp
4,406,673‌
237,498
(a)
GE
Vernova,
Inc
36,505,818‌
26,667
(a),(b)
Gencor
Industries,
Inc
452,539‌
54,511
(a)
Generac
Holdings,
Inc
7,411,316‌
214,154
General
Dynamics
Corp
61,481,472‌
949,994
General
Electric
Co
153,728,029‌
26,448
(a)
Gibraltar
Industries,
Inc
1,889,974‌
25,662
Global
Industrial
Co
988,244‌
37,797
(a)
GMS,
Inc
3,496,978‌
18,896
Gorman-Rupp
Co
626,780‌
147,695
Graco,
Inc
11,845,139‌
149,154
GrafTech
International
Ltd
256,545‌
39,368
Granite
Construction,
Inc
2,184,924‌
60,950
(a)
Great
Lakes
Dredge
&
Dock
Corp
402,270‌
33,587
Greenbrier
Cos,
Inc
1,658,862‌
40,831
Griffon
Corp
2,675,247‌
22,211
H&E
Equipment
Services,
Inc
1,072,569‌
130,446
(a)
Hayward
Holdings,
Inc
1,771,457‌
41,922
HEICO
Corp
8,694,623‌
70,220
HEICO
Corp
(Class
A)
11,645,987‌
Equity
Index
Fund
April
30,
2024
22
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
23,945
Helios
Technologies,
Inc
$
1,079,920‌
25,702
Herc
Holdings,
Inc
3,676,157‌
78,974
Hexcel
Corp
5,070,921‌
83,078
Hillenbrand,
Inc
3,964,482‌
103,419
(a)
Hillman
Solutions
Corp
988,686‌
583,044
Honeywell
International,
Inc
112,370,070‌
317,760
Howmet
Aerospace,
Inc
21,210,480‌
46,255
Hubbell,
Inc
17,138,403‌
33,445
(a)
Hudson
Technologies,
Inc
331,774‌
35,838
Huntington
Ingalls
Industries,
Inc
9,924,617‌
306,800
(a),(b)
Hyliion
Holdings
Corp
395,772‌
7,156
Hyster-Yale
Materials
Handling,
Inc
419,127‌
66,059
IDEX
Corp
14,563,367‌
8,756
(a)
IES
Holdings,
Inc
1,183,111‌
264,117
Illinois
Tool
Works,
Inc
64,473,601‌
353,391
Ingersoll
Rand,
Inc
32,978,448‌
15,632
Insteel
Industries,
Inc
501,787‌
66,579
ITT,
Inc
8,611,328‌
82,032
(a)
Janus
International
Group,
Inc
1,182,081‌
95,278
(a)
JELD-WEN
Holding,
Inc
1,953,199‌
30,832
John
Bean
Technologies
Corp
2,746,823‌
613,120
Johnson
Controls
International
plc
39,895,718‌
9,278
Kadant,
Inc
2,540,224‌
63,395
Kennametal,
Inc
1,491,684‌
89,581
(a)
Kratos
Defense
&
Security
Solutions,
Inc
1,596,333‌
167,378
L3Harris
Technologies,
Inc
35,827,261‌
4,474
(a)
Lawson
Products,
Inc
147,508‌
28,805
Lennox
International,
Inc
13,348,813‌
36,528
(a)
Leonardo
DRS,
Inc
786,083‌
16,978
(a)
Limbach
Holdings,
Inc
769,613‌
47,515
Lincoln
Electric
Holdings,
Inc
10,430,968‌
8,406
Lindsay
Corp
976,357‌
192,952
Lockheed
Martin
Corp
89,709,173‌
32,814
LSI
Industries,
Inc
479,084‌
30,526
Luxfer
Holdings
plc
293,965‌
25,887
(a)
Manitowoc
Co,
Inc
313,233‌
195,438
Masco
Corp
13,377,731‌
17,394
(a)
Masonite
International
Corp
2,305,575‌
47,879
(a)
Mastec,
Inc
4,246,389‌
104,386
(a)
Masterbrand,
Inc
1,740,115‌
26,438
(a)
Mayville
Engineering
Co
Inc
363,787‌
21,770
McGrath
RentCorp
2,321,988‌
197,279
MDU
Resources
Group,
Inc
4,872,791‌
56,073
(a)
Mercury
Computer
Systems,
Inc
1,581,259‌
46,376
(a)
Middleby
Corp
6,444,873‌
12,532
Miller
Industries,
Inc
610,434‌
27,127
Moog,
Inc
(Class
A)
4,315,092‌
74,482
(a)
MRC
Global,
Inc
836,433‌
40,108
MSC
Industrial
Direct
Co
(Class
A)
3,659,454‌
91,520
Mueller
Industries,
Inc
5,108,646‌
123,593
Mueller
Water
Products,
Inc
(Class
A)
1,957,713‌
15,607
(a)
MYR
Group,
Inc
2,594,664‌
3,753
National
Presto
Industries,
Inc
307,708‌
110,163
(a)
NEXTracker,
Inc
4,713,875‌
529,494
(a),(b)
Nikola
Corp
328,604‌
50,093
Nordson
Corp
12,933,512‌
125,793
Northrop
Grumman
Corp
61,013,379‌
5,136
(a)
Northwest
Pipe
Co
162,554‌
25,573
(a),(b)
NuScale
Power
Corp
148,323‌
157,302
nVent
Electric
plc
11,336,755‌
2,380
(b)
Omega
Flex,
Inc
157,699‌
51,245
Oshkosh
Corp
5,753,276‌
360,644
Otis
Worldwide
Corp
32,890,733‌
23
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
77,678
Owens
Corning,
Inc
$
13,066,216‌
452,178
PACCAR,
Inc
47,980,608‌
17,348
Park
Aerospace
Corp
247,556‌
112,731
Parker-Hannifin
Corp
61,428,249‌
27,211
(a)
Parsons
Corp
2,136,336‌
133,782
Pentair
plc
10,580,818‌
445,266
(a),(b)
Plug
Power,
Inc
1,028,564‌
6,237
Powell
Industries,
Inc
891,891‌
1,157
Preformed
Line
Products
Co
140,032‌
58,364
Primoris
Services
Corp
2,719,762‌
20,651
(a)
Proto
Labs,
Inc
629,442‌
24,588
Quanex
Building
Products
Corp
816,813‌
124,631
Quanta
Services,
Inc
32,224,591‌
25,790
(a)
RBC
Bearings,
Inc
6,306,945‌
147,602
(a),(b)
Redwire
Corp
557,936‌
58,146
Regal-Beloit
Corp
9,383,020‌
112,180
(a)
Resideo
Technologies,
Inc
2,190,875‌
34,968
REV
Group,
Inc
764,400‌
241,774
(a),(b)
Rocket
Lab
USA,
Inc
909,070‌
102,202
Rockwell
Automation,
Inc
27,692,654‌
1,266,044
RTX
Corp
128,528,787‌
6,598
Rush
Enterprises,
Inc
269,924‌
44,730
Rush
Enterprises,
Inc
(Class
A)
1,964,542‌
134,984
Sensata
Technologies
Holding
plc
5,171,237‌
198,020
(a),(b)
SES
AI
Corp
312,872‌
140,450
(a)
Shoals
Technologies
Group,
Inc
1,186,803‌
24,827
Shyft
Group,
Inc
270,118‌
37,416
Simpson
Manufacturing
Co,
Inc
6,506,268‌
40,856
(a)
SiteOne
Landscape
Supply,
Inc
6,409,898‌
46,027
Snap-On,
Inc
12,333,395‌
96,167
(a)
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
3,077,344‌
33,039
(a)
SPX
Technologies,
Inc
4,024,481‌
8,453
Standex
International
Corp
1,461,355‌
130,458
Stanley
Black
&
Decker,
Inc
11,923,861‌
150,669
(a),(b)
Stem,
Inc
277,231‌
19,738
(a)
Sterling
Construction
Co,
Inc
2,005,381‌
58,669
(a),(b)
SunPower
Corp
120,858‌
191,646
(a),(b)
Sunrun,
Inc
1,972,037‌
28,299
Tennant
Co
3,296,268‌
69,107
Terex
Corp
3,873,447‌
281,691
(a),(b)
Terran
Orbital
Corp
371,832‌
184,557
Textron,
Inc
15,611,677‌
22,578
(a)
Thermon
Group
Holdings,
Inc
720,916‌
48,377
Timken
Co
4,316,196‌
51,987
(a)
Titan
International,
Inc
572,897‌
13,882
(a)
Titan
Machinery,
Inc
309,013‌
91,243
Toro
Co
7,991,974‌
198,609
Trane
Technologies
plc
63,026,580‌
5,151
(a)
Transcat,
Inc
553,063‌
46,529
TransDigm
Group,
Inc
58,069,588‌
100,182
(a)
Trex
Co,
Inc
8,871,116‌
67,174
Trinity
Industries,
Inc
1,747,867‌
47,307
(a)
Triumph
Group,
Inc
632,022‌
49,355
(a)
Tutor
Perini
Corp
820,774‌
59,386
UFP
Industries,
Inc
6,692,802‌
59,094
United
Rentals,
Inc
39,474,201‌
11,489
(a)
V2X,
Inc
558,136‌
18,457
Valmont
Industries,
Inc
3,779,994‌
291,930
Vertiv
Holdings
Co
27,149,490‌
15,571
(a)
Vicor
Corp
504,189‌
205,102
(a),(b)
Virgin
Galactic
Holdings,
Inc
178,459‌
38,904
W.W.
Grainger,
Inc
35,844,200‌
39,430
Wabash
National
Corp
911,227‌
Equity
Index
Fund
April
30,
2024
24
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
29,046
Watsco,
Inc
$
13,004,475‌
26,804
Watts
Water
Technologies,
Inc
(Class
A)
5,319,522‌
40,493
WESCO
International,
Inc
6,185,306‌
158,438
Westinghouse
Air
Brake
Technologies
Corp
25,521,193‌
168,942
(a)
WillScot
Mobile
Mini
Holdings
Corp
6,244,096‌
55,521
Woodward
Inc
9,014,390‌
35,235
(a),(b)
Xometry,
Inc
629,649‌
211,534
Xylem,
Inc
27,647,494‌
140,071
Zurn
Elkay
Water
Solutions
Corp
4,381,421‌
TOTAL
CAPITAL
GOODS
2,902,021,512‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.7
%
71,796
ABM
Industries,
Inc
3,137,485‌
91,019
ACCO
Brands
Corp
438,712‌
110,227
(a)
ACV
Auctions,
Inc
1,923,461‌
380,551
(a)
Alight,
Inc
3,432,570‌
13,852
Aris
Water
Solution,
Inc
194,344‌
42,312
(a)
ASGN,
Inc
4,080,992‌
852,615
(a),(b)
Aurora
Innovation,
Inc
2,366,007‌
362,218
Automatic
Data
Processing,
Inc
87,616,912‌
5,327
Barrett
Business
Services,
Inc
647,230‌
223,464
(a),(b)
BlackSky
Technology,
Inc
270,391‌
110,250
Booz
Allen
Hamilton
Holding
Corp
16,280,617‌
34,803
(a)
BrightView
Holdings,
Inc
391,534‌
35,470
Brink's
Co
3,102,206‌
104,604
Broadridge
Financial
Solutions,
Inc
20,231,460‌
21,645
(a)
CACI
International,
Inc
(Class
A)
8,706,268‌
41,616
(a)
Casella
Waste
Systems,
Inc
(Class
A)
3,762,086‌
43,111
(a)
CBIZ,
Inc
3,068,641‌
25,717
(a)
CECO
Environmental
Corp
556,002‌
13,622
(a)
Cimpress
plc
1,161,548‌
75,068
Cintas
Corp
49,420,267‌
387,769
(a),(b)
Clarivate
plc
2,621,318‌
44,744
(a)
Clean
Harbors,
Inc
8,476,751‌
42,140
Concentrix
Corp
2,303,794‌
132,462
(a)
Conduent,
Inc
417,255‌
761,802
(a)
Copart,
Inc
41,373,467‌
100,942
(a)
CoreCivic,
Inc
1,504,036‌
357,188
(a)
CoStar
Group,
Inc
32,693,418‌
4,484
CRA
International,
Inc
650,584‌
26,157
CSG
Systems
International,
Inc
1,235,657‌
30,980
Deluxe
Corp
611,855‌
75,581
(a)
Driven
Brands
Holdings,
Inc
1,083,076‌
196,245
Dun
&
Bradstreet
Holdings,
Inc
1,785,830‌
16,785
Ennis,
Inc
334,022‌
110,628
Equifax,
Inc
24,359,179‌
132,285
(a)
ExlService
Holdings,
Inc
3,836,265‌
41,992
Exponent,
Inc
3,859,485‌
46,013
First
Advantage
Corp
750,012‌
8,190
(a)
Forrester
Research,
Inc
148,976‌
9,141
(a)
Franklin
Covey
Co
355,951‌
31,944
(a)
FTI
Consulting,
Inc
6,830,586‌
161,326
Genpact
Ltd
4,959,161‌
97,493
(a)
GEO
Group,
Inc
1,448,746‌
61,320
(a)
Harsco
Corp
477,070‌
56,484
(a)
Healthcare
Services
Group
599,860‌
14,986
Heidrick
&
Struggles
International,
Inc
441,787‌
56,093
Herman
Miller,
Inc
1,426,445‌
15,364
(a)
HireRight
Holdings
Corp
219,705‌
39,729
HNI
Corp
1,666,632‌
17,579
(a)
Huron
Consulting
Group,
Inc
1,639,066‌
14,225
ICF
International,
Inc
2,052,525‌
32,868
(a),(b)
Innodata,
Inc
191,949‌
25
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
30,132
Insperity,
Inc
$
3,101,487‌
40,589
Interface,
Inc
620,606‌
108,944
Jacobs
Solutions,
Inc
15,636,732‌
126,396
KBR,
Inc
8,208,156‌
25,446
Kelly
Services,
Inc
(Class
A)
583,731‌
14,799
Kforce,
Inc
913,986‌
44,482
Korn/Ferry
International
2,700,947‌
82,778
(a)
Legalzoom.com,
Inc
989,197‌
115,337
Leidos
Holdings,
Inc
16,172,554‌
20,481
(a)
Liquidity
Services,
Inc
353,502‌
39,935
Manpower,
Inc
3,013,096‌
23,701
Matthews
International
Corp
(Class
A)
639,453‌
58,381
MAXIMUS,
Inc
4,686,827‌
51,680
(a),(b)
Mistras
Group,
Inc
452,200‌
19,414
(a)
Montrose
Environmental
Group,
Inc
842,956‌
36,622
MSA
Safety,
Inc
6,606,609‌
8,091
NL
Industries,
Inc
66,427‌
11,033
(a)
NV5
Global,
Inc
1,028,717‌
99,756
(a)
OPENLANE,
Inc
1,713,808‌
290,220
Paychex,
Inc
34,481,038‌
44,093
Paycom
Software,
Inc
8,288,602‌
131,794
Pitney
Bowes,
Inc
561,442‌
120,113
(a),(b)
Planet
Labs
PBC
202,991‌
83,380
Quad
Graphics,
Inc
374,376‌
169,038
RB
Global,
Inc
12,099,740‌
178,089
Republic
Services,
Inc
34,139,661‌
31,570
Resources
Connection,
Inc
348,849‌
95,845
Robert
Half
International,
Inc
6,626,723‌
231,850
Rollins,
Inc
10,331,236‌
43,704
Science
Applications
International
Corp
5,624,705‌
17,683
(a)
SP
Plus
Corp
902,894‌
191,383
SS&C
Technologies
Holdings,
Inc
11,844,694‌
72,578
Steelcase,
Inc
(Class
A)
873,113‌
92,570
(a)
Stericycle,
Inc
4,140,656‌
11,647
(a)
Sterling
Check
Corp
176,219‌
47,995
Tetra
Tech,
Inc
9,345,586‌
166,720
TransUnion
12,170,560‌
31,176
TriNet
Group,
Inc
3,129,135‌
27,408
(a)
TrueBlue,
Inc
285,591‌
13,566
TTEC
Holdings,
Inc
98,760‌
16,144
Unifirst
Corp
2,585,139‌
86,222
(a)
Upwork,
Inc
1,008,797‌
190,255
Veralto
Corp
17,823,088‌
126,762
Verisk
Analytics,
Inc
27,629,046‌
106,472
(a)
Verra
Mobility
Corp
2,510,610‌
101,978
Vestis
Corp
1,878,435‌
14,279
(a)
Viad
Corp
492,340‌
7,529
VSE
Corp
587,789‌
354,731
Waste
Management,
Inc
73,791,143‌
7,913
(a)
Willdan
Group,
Inc
223,067‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
714,050,212‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
5
.5
%
19,450
(a)
1-800-FLOWERS.COM,
Inc
(Class
A)
176,412‌
25,052
Aaron's
Co,
Inc
173,109‌
47,341
(a)
Abercrombie
&
Fitch
Co
(Class
A)
5,752,878‌
76,801
Academy
Sports
&
Outdoors,
Inc
4,477,498‌
48,894
Advance
Auto
Parts,
Inc
3,568,284‌
7,926,092
(a)
Amazon.com,
Inc
1,387,066,100‌
151,292
American
Eagle
Outfitters,
Inc
3,670,344‌
4,429
(a)
America's
Car-Mart,
Inc
253,516‌
88,408
Arko
Corp
380,154‌
17,268
(a)
Asbury
Automotive
Group,
Inc
3,630,424‌
Equity
Index
Fund
April
30,
2024
26
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL—continued
30,961
(a)
Autonation,
Inc
$
4,989,365‌
15,618
(a)
Autozone,
Inc
46,173,055‌
196,056
(a),(b)
BARK,
Inc
215,662‌
191,637
Bath
&
Body
Works,
Inc
8,704,153‌
169,907
Best
Buy
Co,
Inc
12,511,951‌
15,493
(b)
Big
5
Sporting
Goods
Corp
54,845‌
21,956
(a)
Boot
Barn
Holdings,
Inc
2,337,655‌
43,151
Buckle,
Inc
1,613,416‌
16,431
Build-A-Bear
Workshop,
Inc
495,559‌
54,905
(a)
Burlington
Stores,
Inc
9,879,606‌
27,131
Caleres,
Inc
999,235‌
45,155
Camping
World
Holdings,
Inc
915,292‌
128,771
(a)
Carmax,
Inc
8,752,565‌
34,654
(a)
CarParts.com,
Inc
42,624‌
82,603
(a)
Carvana
Co
6,849,441‌
25,678
Cato
Corp
(Class
A)
123,768‌
66,148
(a),(b)
ContextLogic,
Inc
367,121‌
940,476
(a)
Coupang,
Inc
21,160,710‌
44,243
(b)
Designer
Brands,
Inc
411,017‌
74,785
(a)
Destination
XL
Group,
Inc
240,060‌
47,280
Dick's
Sporting
Goods,
Inc
9,500,443‌
3,335
(b)
Dillard's,
Inc
(Class
A)
1,460,697‌
8,955
(a)
Duluth
Holdings,
Inc
37,701‌
479,591
eBay,
Inc
24,718,120‌
106,237
(a)
Etsy,
Inc
7,295,295‌
400,633
(a),(b)
EVgo,
Inc
725,146‌
46,886
(a)
Five
Below,
Inc
6,861,297‌
89,712
(a)
Floor
&
Decor
Holdings,
Inc
9,897,925‌
85,370
Foot
Locker,
Inc
1,779,965‌
16,268
(a)
Funko,
Inc
99,072‌
272,321
(a),(b)
GameStop
Corp
(Class
A)
3,020,040‌
166,065
Gap,
Inc
3,407,654‌
10,885
(a)
Genesco,
Inc
275,499‌
123,926
Genuine
Parts
Co
19,482,406‌
12,919
Group
1
Automotive,
Inc
3,798,444‌
113,852
(a),(b)
GrowGeneration
Corp
340,417‌
38,855
(b)
Guess,
Inc
1,040,537‌
12,079
Haverty
Furniture
Cos,
Inc
372,033‌
11,946
Hibbett
Sports,
Inc
1,030,223‌
879,589
Home
Depot,
Inc
293,976,236‌
102,329
Kohl's
Corp
2,449,756‌
57,525
(a)
Lands'
End,
Inc
786,942‌
119,702
(a)
Leslie's,
Inc
470,429‌
25,514
Lithia
Motors,
Inc
(Class
A)
6,490,251‌
234,155
LKQ
Corp
10,099,105‌
506,417
Lowe's
Cos,
Inc
115,458,012‌
239,583
Macy's,
Inc
4,415,515‌
14,865
(a)
MarineMax,
Inc
366,720‌
24,916
Monro
Muffler,
Inc
678,961‌
14,919
Murphy
USA,
Inc
6,173,781‌
60,209
(a)
National
Vision
Holdings,
Inc
1,048,841‌
86,070
Nordstrom,
Inc
1,636,191‌
35,743
(a)
ODP
Corp
1,819,676‌
57,170
(a)
Ollie's
Bargain
Outlet
Holdings,
Inc
4,181,414‌
7,506
(a),(b)
OneWater
Marine,
Inc
155,449‌
52,520
(a)
O'Reilly
Automotive,
Inc
53,216,415‌
32,132
(a)
Overstock.com,
Inc
646,817‌
19,470
Penske
Auto
Group,
Inc
2,977,158‌
63,078
(a),(b)
Petco
Health
&
Wellness
Co,
Inc
94,617‌
15,358
(b)
PetMed
Express,
Inc
60,664‌
32,909
Pool
Corp
11,930,500‌
26,266
(a),(b)
Revolve
Group,
Inc
522,956‌
15,040
(a)
RH
3,715,632‌
27
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL—continued
290,207
Ross
Stores,
Inc
$
37,596,317‌
82,883
(a)
Sally
Beauty
Holdings,
Inc
899,281‌
22,839
(a),(b)
Savers
Value
Village,
Inc
377,300‌
10,676
Shoe
Carnival,
Inc
357,005‌
39,515
Signet
Jewelers
Ltd
3,873,655‌
17,467
(a)
Sleep
Number
Corp
232,486‌
17,973
Sonic
Automotive,
Inc
(Class
A)
1,039,558‌
31,126
(a)
Sportsman's
Warehouse
Holdings,
Inc
99,603‌
107,982
(a)
Stitch
Fix,
Inc
228,922‌
83,380
(a),(b)
ThredUp,
Inc
133,408‌
16,584
(a)
Tilly's,
Inc
100,665‌
1,008,209
TJX
Cos,
Inc
94,862,385‌
21,328
(a),(b)
Torrid
Holdings,
Inc
108,133‌
95,996
Tractor
Supply
Co
26,214,588‌
44,859
(a)
Ulta
Beauty,
Inc
18,160,718‌
62,519
Upbound
Group,
Inc
1,938,714‌
53,953
(a)
Urban
Outfitters,
Inc
2,102,009‌
151,725
(a)
Valvoline,
Inc
6,451,347‌
67,822
(a)
Victoria's
Secret
&
Co
1,195,024‌
64,680
(a)
Warby
Parker,
Inc
759,343‌
74,009
(a)
Wayfair,
Inc
3,711,551‌
55,729
Williams-Sonoma,
Inc
15,981,963‌
3,199
Winmark
Corp
1,149,465‌
17,055
(a)
Zumiez,
Inc
293,346‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
2,372,367,557‌
CONSUMER
DURABLES
&
APPAREL
-
1
.1
%
29,457
Acushnet
Holdings
Corp
1,796,288‌
393,678
(a),(b)
Allbirds,
Inc
237,506‌
48,209
(a),(b)
AMMO,
Inc
122,451‌
37,938
(a)
Beazer
Homes
USA,
Inc
1,063,402‌
26,444
(a),(b)
BK
LC
Lux
Finco
2
Sarl
1,183,898‌
70,933
Brunswick
Corp
5,720,037‌
107,866
(a)
Callaway
Golf
Co
1,728,013‌
87,246
(a)
Capri
Holdings
Ltd
3,095,488‌
31,801
Carter's,
Inc
2,175,506‌
7,534
(a)
Cavco
Industries,
Inc
2,743,958‌
32,019
Century
Communities,
Inc
2,539,747‌
17,828
Clarus
Corp
112,851‌
30,881
Columbia
Sportswear
Co
2,459,054‌
39,614
(b)
Cricut,
Inc
210,746‌
54,538
(a)
Crocs,
Inc
6,782,891‌
22,981
(a)
Deckers
Outdoor
Corp
18,809,259‌
275,114
DR
Horton,
Inc
39,200,994‌
28,420
(a)
Dream
Finders
Homes,
Inc
1,008,910‌
17,863
Ethan
Allen
Interiors,
Inc
504,451‌
139,793
(a)
Garmin
Ltd
20,195,895‌
32,892
(a)
G-III
Apparel
Group
Ltd
925,910‌
95,226
(a)
GoPro,
Inc
164,741‌
22,207
(a)
Green
Brick
Partners,
Inc
1,202,065‌
354,000
(a)
Hanesbrands,
Inc
1,614,240‌
113,125
Hasbro,
Inc
6,934,562‌
17,902
(a)
Helen
of
Troy
Ltd
1,659,694‌
5,395
(a)
Hovnanian
Enterprises,
Inc
797,543‌
17,511
Installed
Building
Products,
Inc
4,127,868‌
20,871
(a),(b)
iRobot
Corp
178,656‌
18,019
(a)
JAKKS
Pacific,
Inc
340,739‌
4,498
Johnson
Outdoors,
Inc
184,463‌
72,924
KB
Home
4,722,558‌
52,445
Kontoor
Brands,
Inc
3,254,737‌
41,872
(a)
Landsea
Homes
Corp
483,622‌
28,807
(a)
Latham
Group,
Inc
80,660‌
33,828
La-Z-Boy,
Inc
1,110,912‌
Equity
Index
Fund
April
30,
2024
28
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
166
(a)
Legacy
Housing
Corp
$
3,381‌
99,765
Leggett
&
Platt,
Inc
1,802,754‌
217,258
Lennar
Corp
(Class
A)
32,940,658‌
6,572
Lennar
Corp
(Class
B)
922,643‌
16,589
(a)
LGI
Homes,
Inc
1,491,849‌
8,731
(a)
Lovesac
Co
193,654‌
97,825
(a)
Lululemon
Athletica,
Inc
35,275,695‌
32,226
(a)
M/I
Homes,
Inc
3,745,306‌
15,494
(a)
Malibu
Boats,
Inc
527,106‌
6,781
Marine
Products
Corp
72,896‌
13,757
(a)
MasterCraft
Boat
Holdings,
Inc
278,304‌
334,950
(a)
Mattel,
Inc
6,136,284‌
37,616
Meritage
Homes
Corp
6,234,476‌
45,619
(a)
Mohawk
Industries,
Inc
5,260,783‌
11,455
Movado
Group,
Inc
291,759‌
291,711
Newell
Rubbermaid,
Inc
2,316,185‌
1,049,651
Nike,
Inc
(Class
B)
96,840,801‌
2,570
(a)
NVR,
Inc
19,117,844‌
11,713
Oxford
Industries,
Inc
1,262,427‌
245,766
(a)
Peloton
Interactive,
Inc
764,332‌
49,830
Polaris
Industries,
Inc
4,243,523‌
184,681
Pulte
Homes,
Inc
20,577,157‌
117,697
(a),(b)
Purple
Innovation,
Inc
178,899‌
53,508
PVH
Corp
5,821,670‌
35,835
Ralph
Lauren
Corp
5,864,039‌
5,014
Rocky
Brands,
Inc
129,211‌
111,211
(a)
Skechers
U.S.A.,
Inc
(Class
A)
7,345,487‌
45,632
(a)
Skyline
Champion
Corp
3,421,944‌
39,576
Smith
&
Wesson
Brands,
Inc
671,605‌
10,334
(a)
Snap
One
Holdings
Corp
109,334‌
97,889
(a)
Sonos,
Inc
1,654,324‌
59,762
Steven
Madden
Ltd
2,414,982‌
31,019
Sturm
Ruger
&
Co,
Inc
1,434,008‌
202,096
Tapestry,
Inc
8,067,672‌
84,857
(a)
Taylor
Morrison
Home
Corp
4,752,841‌
133,539
Tempur
Sealy
International,
Inc
6,684,962‌
84,307
Toll
Brothers,
Inc
10,041,807‌
29,160
(a)
TopBuild
Corp
11,800,177‌
16,458
(a)
Traeger,
Inc
35,385‌
87,328
(a)
Tri
Pointe
Homes,
Inc
3,218,037‌
142,219
(a)
Under
Armour,
Inc
(Class
A)
957,134‌
152,950
(a)
Under
Armour,
Inc
(Class
C)
997,234‌
305,186
VF
Corp
3,802,618‌
46,617
(a)
Vista
Outdoor,
Inc
1,635,791‌
52,704
(a)
Vizio
Holding
Corp
558,662‌
42,903
(a),(b)
Vuzix
Corp
57,061‌
44,369
Whirlpool
Corp
4,208,843‌
60,869
Wolverine
World
Wide,
Inc
653,733‌
87,376
(a)
YETI
Holdings,
Inc
3,121,071‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
469,412,663‌
CONSUMER
SERVICES
-
2
.3
%
42,715
(a)
Accel
Entertainment,
Inc
458,759‌
192,723
ADT,
Inc
1,252,699‌
39,603
(a)
Adtalem
Global
Education,
Inc
1,965,101‌
361,133
(a)
Airbnb,
Inc
57,264,860‌
203,957
Aramark
6,426,685‌
54,031
(a)
BALLY'S
CORP
709,967‌
2,687
(a)
Biglari
Holdings,
Inc
(B
Shares)
529,635‌
16,236
(a)
BJ's
Restaurants,
Inc
529,131‌
101,155
Bloomin'
Brands,
Inc
2,608,787‌
30,876
Booking
Holdings,
Inc
106,584,878‌
29,758
(b)
Bowlero
Corp
349,656‌
29
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
61,775
Boyd
Gaming
Corp
$
3,305,580‌
45,535
(a)
Bright
Horizons
Family
Solutions,
Inc
4,722,435‌
33,083
(a)
Brinker
International,
Inc
1,773,249‌
177,460
(a)
Caesars
Entertainment,
Inc
6,356,617‌
889,487
(a)
Carnival
Corp
13,182,197‌
13,917
Carriage
Services,
Inc
355,997‌
81,467
Carrols
Restaurant
Group,
Inc
775,566‌
40,841
(a)
Cava
Group,
Inc
2,938,102‌
20,269
(a),(b)
Century
Casinos,
Inc
60,199‌
31,587
Cheesecake
Factory
1,090,383‌
107,492
(a)
Chegg,
Inc
555,734‌
24,308
(a)
Chipotle
Mexican
Grill,
Inc
(Class
A)
76,803,557‌
27,242
Choice
Hotels
International,
Inc
3,221,639‌
65,440
Churchill
Downs,
Inc
8,441,760‌
14,551
(a)
Chuy's
Holdings,
Inc
428,672‌
147,520
(a)
Coursera,
Inc
1,507,654‌
17,056
(b)
Cracker
Barrel
Old
Country
Store,
Inc
992,489‌
104,438
Darden
Restaurants,
Inc
16,021,834‌
30,838
(a)
Dave
&
Buster's
Entertainment,
Inc
1,646,749‌
49,845
(a)
Denny's
Corp
399,757‌
13,530
Dine
Brands
Global
Inc.
596,673‌
29,862
Domino's
Pizza,
Inc
15,805,061‌
261,738
(a)
DoorDash,
Inc
33,832,254‌
361,692
(a)
DraftKings,
Inc
15,031,920‌
25,768
(a)
Duolingo,
Inc
5,817,126‌
12,211
(a)
El
Pollo
Loco
Holdings,
Inc
104,038‌
1,317
(a),(c)
Empire
Resorts,
Inc
13‌
9,603
(a)
European
Wax
Center,
Inc
112,931‌
63,702
(a)
Everi
Holdings,
Inc
520,445‌
118,826
(a)
Expedia
Group,
Inc
15,997,544‌
7,261
(a)
First
Watch
Restaurant
Group,
Inc
185,301‌
63,264
(a)
Frontdoor,
Inc
1,941,572‌
67,165
(a)
Full
House
Resorts,
Inc
342,541‌
52,701
(a),(b)
Global
Business
Travel
Group
I
318,841‌
19,659
Golden
Entertainment,
Inc
630,071‌
2,812
Graham
Holdings
Co
1,972,252‌
29,625
(a)
Grand
Canyon
Education,
Inc
3,851,843‌
131,799
H&R
Block,
Inc
6,224,867‌
66,461
(a)
Hilton
Grand
Vacations,
Inc
2,767,436‌
220,115
Hilton
Worldwide
Holdings,
Inc
43,424,287‌
36,903
Hyatt
Hotels
Corp
5,490,797‌
30,674
(a)
Inspired
Entertainment,
Inc
260,729‌
112,880
International
Game
Technology
plc
2,228,251‌
17,265
Jack
in
the
Box,
Inc
985,314‌
62,386
(b)
Krispy
Kreme,
Inc
789,183‌
4,466
(a)
Kura
Sushi
USA,
Inc
491,617‌
326,923
Las
Vegas
Sands
Corp
14,502,304‌
151,179
Laureate
Education,
Inc
2,192,096‌
36,714
(a)
Life
Time
Group
Holdings,
Inc
501,513‌
75,566
(a)
Light
&
Wonder,
Inc
6,745,021‌
50,626
(a)
Lindblad
Expeditions
Holdings,
Inc
371,595‌
211,884
Marriott
International,
Inc
(Class
A)
50,032,169‌
31,047
Marriott
Vacations
Worldwide
Corp
2,983,927‌
641,118
McDonald's
Corp
175,050,859‌
246,640
(a)
MGM
Resorts
International
9,727,482‌
56,702
(a),(b)
Mister
Car
Wash,
Inc
379,336‌
9,593
Monarch
Casino
&
Resort,
Inc
650,118‌
98,040
(a)
Nerdy,
Inc
253,924‌
84,311
(a),(b)
Noodles
&
Co
127,310‌
360,855
(a)
Norwegian
Cruise
Line
Holdings
Ltd
6,827,377‌
13,723
(a)
ONE
Group
Hospitality,
Inc
73,555‌
39,139
(a)
OneSpaWorld
Holdings
Ltd
497,848‌
24,598
Papa
John's
International,
Inc
1,517,451‌
Equity
Index
Fund
April
30,
2024
30
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
138,532
(a)
Penn
National
Gaming,
Inc
$
2,291,319‌
51,762
Perdoceo
Education
Corp
947,245‌
74,794
(a)
Planet
Fitness,
Inc
4,475,673‌
36,820
(a)
Portillo's,
Inc
451,413‌
48,781
(a)
Potbelly
Corp
497,078‌
6,503
RCI
Hospitality
Holdings,
Inc
330,092‌
43,399
Red
Rock
Resorts,
Inc
2,305,355‌
201,912
(a)
Royal
Caribbean
Cruises
Ltd
28,192,973‌
102,195
(a)
Rush
Street
Interactive,
Inc
653,026‌
238,986
(a)
Sabre
Corp
685,890‌
38,148
(a)
SeaWorld
Entertainment,
Inc
1,938,681‌
140,293
Service
Corp
International
10,060,411‌
27,489
(a)
Shake
Shack,
Inc
2,909,711‌
58,014
(a)
Six
Flags
Entertainment
Corp
1,367,970‌
991,543
Starbucks
Corp
87,741,640‌
17,816
Strategic
Education,
Inc
2,045,989‌
41,244
(a)
Stride,
Inc
2,753,037‌
107,220
(a)
Super
Group
SGHC
Ltd
338,815‌
69,949
(a)
Sweetgreen,
Inc
1,571,754‌
23,787
(a),(b)
Target
Hospitality
Corp
264,630‌
53,249
Texas
Roadhouse,
Inc
(Class
A)
8,561,374‌
63,192
Travel
&
Leisure
Co
2,751,380‌
55,854
(a)
Udemy,
Inc
559,657‌
32,770
Vail
Resorts,
Inc
6,205,655‌
192,997
Wendy's
Co
3,858,010‌
28,297
Wingstop,
Inc
10,888,403‌
68,358
Wyndham
Hotels
&
Resorts,
Inc
5,024,997‌
91,400
Wynn
Resorts
Ltd
8,376,810‌
29,226
(a)
Xponential
Fitness,
Inc
372,632‌
248,145
Yum!
Brands,
Inc
35,050,481‌
TOTAL
CONSUMER
SERVICES
988,889,221‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.8
%
329,301
Albertsons
Cos,
Inc
6,717,740‌
23,900
Andersons,
Inc
1,313,066‌
117,079
(a)
BJ's
Wholesale
Club
Holdings,
Inc
8,743,460‌
34,858
Casey's
General
Stores,
Inc
11,139,920‌
25,883
(a)
Chefs'
Warehouse,
Inc
856,210‌
389,204
Costco
Wholesale
Corp
281,355,572‌
193,885
Dollar
General
Corp
26,986,853‌
184,387
(a)
Dollar
Tree,
Inc
21,803,763‌
85,229
(a)
Grocery
Outlet
Holding
Corp
2,213,397‌
38,586
(a)
HF
Foods
Group,
Inc
112,671‌
9,950
Ingles
Markets,
Inc
(Class
A)
713,912‌
570,187
Kroger
Co
31,576,956‌
17,557
(a)
Maplebear,
Inc
599,220‌
10,408
Natural
Grocers
by
Vitamin
Cottage,
Inc
170,275‌
136,613
(a)
Performance
Food
Group
Co
9,273,290‌
17,346
Pricesmart,
Inc
1,397,914‌
28,101
SpartanNash
Co
536,448‌
87,100
(a)
Sprouts
Farmers
Market,
Inc
5,751,213‌
451,355
Sysco
Corp
33,544,704‌
405,520
Target
Corp
65,280,610‌
41,913
(a)
United
Natural
Foods,
Inc
374,283‌
184,514
(a)
US
Foods
Holding
Corp
9,271,828‌
4,530
Village
Super
Market
(Class
A)
126,704‌
647,654
Walgreens
Boots
Alliance,
Inc
11,482,905‌
3,761,442
Walmart,
Inc
223,241,583‌
14,813
Weis
Markets,
Inc
935,145‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
755,519,642‌
ENERGY
-
4
.2
%
342,819
Antero
Midstream
Corp
4,744,615‌
228,903
(a)
Antero
Resources
Corp
7,784,991‌
31
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
308,214
APA
Corp
$
9,690,248‌
114,423
Archrock,
Inc
2,195,777‌
37,685
Ardmore
Shipping
Corp
631,224‌
869,879
Baker
Hughes
Co
28,375,453‌
74,590
Berry
Corp
633,269‌
155,382
(b)
Borr
Drilling
Ltd
823,525‌
22,773
(a)
Bristow
Group,
Inc
599,158‌
673,704
Cabot
Oil
&
Gas
Corp
18,432,541‌
58,903
Cactus,
Inc
2,923,945‌
61,384
California
Resources
Corp
3,244,758‌
4,103
(a)
Centrus
Energy
Corp
176,142‌
185,886
ChampionX
Corp
6,240,193‌
205,556
Cheniere
Energy,
Inc
32,440,848‌
118,152
(b)
Chesapeake
Energy
Corp
10,619,502‌
1,518,380
Chevron
Corp
244,869,143‌
40,808
Chord
Energy
Corp
7,222,200‌
57,131
Civitas
Resources,
Inc
4,111,147‌
115,507
(a)
Clean
Energy
Fuels
Corp
267,976‌
155,208
(a)
CNX
Resources
Corp
3,650,492‌
5,016
(b)
Comstock
Resources,
Inc
50,461‌
1,049,558
ConocoPhillips
131,845,476‌
29,435
CONSOL
Energy,
Inc
2,436,041‌
38,444
Core
Laboratories,
Inc
607,415‌
154,828
Crescent
Energy
Co
1,647,370‌
24,649
CVR
Energy,
Inc
748,837‌
64,227
Delek
US
Holdings,
Inc
1,755,324‌
573,731
Devon
Energy
Corp
29,363,553‌
104,954
DHT
Holdings,
Inc
1,198,575‌
78,397
(a)
Diamond
Offshore
Drilling,
Inc
959,579‌
155,086
Diamondback
Energy,
Inc
31,192,447‌
28,709
(a)
DMC
Global,
Inc
455,038‌
25,410
Dorian
LPG
Ltd
1,049,941‌
23,983
(a)
Dril-Quip,
Inc
436,011‌
75,689
DT
Midstream,
Inc
4,707,856‌
18,242
(a),(b)
Empire
Petroleum
Corp
94,494‌
153,847
(a),(b)
Encore
Energy
Corp
678,465‌
121,539
(a),(b)
Energy
Fuels,
Inc
629,572‌
518,014
EOG
Resources,
Inc
68,445,190‌
310,899
EQT
Corp
12,463,941‌
366,587
Equitrans
Midstream
Corp
4,959,922‌
14,387
Excelerate
Energy,
Inc
242,565‌
59,737
(a)
Expro
Group
Holdings
NV
1,120,666‌
3,534,037
Exxon
Mobil
Corp
417,970,556‌
30,260
(b)
FLEX
LNG
Ltd
787,063‌
15,687
(a)
Forum
Energy
Technologies,
Inc
292,563‌
442,305
(a),(b)
Gevo,
Inc
291,390‌
117,985
Golar
LNG
Ltd
2,892,992‌
35,517
(a)
Green
Plains,
Inc
734,136‌
9,172
(a)
Gulfport
Energy
Operating
Corp
1,455,688‌
44,445
(a)
Hallador
Energy
Co
227,114‌
795,463
Halliburton
Co
29,805,999‌
111,242
(a)
Helix
Energy
Solutions
Group,
Inc
1,194,739‌
78,305
Helmerich
&
Payne,
Inc
3,079,736‌
246,300
Hess
Corp
38,789,787‌
112,521
HF
Sinclair
Corp
6,104,264‌
4,935
(b)
HighPeak
Energy,
Inc
70,126‌
40,100
International
Seaways,
Inc
2,217,129‌
1,668,637
Kinder
Morgan,
Inc
30,502,684‌
12,940
Kinetik
Holdings,
Inc
496,120‌
45,147
(a),(b)
KLX
Energy
Services
Holdings,
Inc
299,325‌
359,220
(a)
Kosmos
Energy
Ltd
2,036,777‌
176,225
Liberty
Energy,
Inc
3,876,950‌
128,450
(b)
Magnolia
Oil
&
Gas
Corp
3,220,241‌
Equity
Index
Fund
April
30,
2024
32
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
549,592
Marathon
Oil
Corp
$
14,756,545‌
328,769
Marathon
Petroleum
Corp
59,743,903‌
84,517
Matador
Resources
Co
5,265,409‌
135,186
Murphy
Oil
Corp
6,034,703‌
10,562
(a)
Nabors
Industries
Ltd
760,781‌
6,549
Nacco
Industries,
Inc
(Class
A)
180,359‌
62,441
(b)
New
Fortress
Energy,
Inc
1,635,954‌
114,362
(a)
Newpark
Resources,
Inc
793,672‌
53,635
(a),(b)
NextDecade
Corp
344,337‌
85,964
Noble
Corp
plc
3,815,082‌
168,162
Nordic
American
Tankers
Ltd
655,832‌
77,394
Northern
Oil
and
Gas,
Inc
3,156,901‌
353,109
NOV,
Inc
6,528,985‌
612,663
Occidental
Petroleum
Corp
40,521,531‌
82,766
(a)
Oceaneering
International,
Inc
1,896,169‌
49,464
(a)
Oil
States
International,
Inc
197,361‌
515,172
ONEOK,
Inc
40,760,409‌
218,815
Ovintiv,
Inc
11,229,586‌
70,841
(a)
Par
Pacific
Holdings,
Inc
2,181,903‌
273,456
Patterson-UTI
Energy,
Inc
2,958,794‌
107,116
PBF
Energy,
Inc
5,706,069‌
68,005
Peabody
Energy
Corp
1,492,030‌
323,156
Permian
Resources
Corp
5,412,863‌
394,921
Phillips
66
56,556,636‌
205,050
Pioneer
Natural
Resources
Co
55,224,066‌
19,704
(a),(b)
ProFrac
Holding
Corp
143,248‌
145,202
(a)
ProPetro
Holding
Corp
1,266,161‌
209,680
Range
Resources
Corp
7,529,609‌
38,949
Ranger
Energy
Services,
Inc
383,258‌
12,132
(a)
Rex
American
Resources
Corp
671,264‌
9,029
Riley
Exploration
Permian,
Inc
234,122‌
186,183
(a),(b)
Ring
Energy,
Inc
353,748‌
6,852
RPC,
Inc
45,840‌
18,387
SandRidge
Energy,
Inc
251,902‌
1,257,021
Schlumberger
Ltd
59,683,357‌
40,019
Scorpio
Tankers,
Inc
2,815,737‌
37,559
(a)
SEACOR
Marine
Holdings,
Inc
458,971‌
42,420
(a)
Seadrill
Ltd
2,059,491‌
50,298
Select
Water
Solutions,
Inc
464,753‌
105,783
SFL
Corp
Ltd
1,410,087‌
22,344
(a)
SilverBow
Resources,
Inc
686,408‌
74,455
Sitio
Royalties
Corp
1,730,334‌
96,934
SM
Energy
Co
4,700,330‌
21,978
Solaris
Oilfield
Infrastructure,
Inc
193,626‌
1,044,724
(a)
Southwestern
Energy
Co
7,824,983‌
102,784
(a)
Talos
Energy,
Inc
1,354,693‌
190,147
Targa
Resources
Corp
21,688,167‌
374,932
TechnipFMC
plc
9,605,758‌
110,431
(a)
Teekay
Corp
808,355‌
17,431
Teekay
Tankers
Ltd
1,015,704‌
681,381
(a),(b)
Tellurian,
Inc
293,062‌
89,720
(a)
Tetra
Technologies,
Inc
384,899‌
14,784
Texas
Pacific
Land
Corp
8,520,019‌
33,955
(a)
Tidewater,
Inc
3,118,767‌
351,294
(a),(b)
Uranium
Energy
Corp
2,371,234‌
47,113
(a)
US
Silica
Holdings,
Inc
726,954‌
230,602
Vaalco
Energy,
Inc
1,475,853‌
62,702
(a)
Valaris
Ltd
4,079,392‌
296,922
Valero
Energy
Corp
47,468,920‌
42,077
(a),(b)
Vertex
Energy,
Inc
54,700‌
17,969
(a)
Vital
Energy,
Inc
952,716‌
19,327
Vitesse
Energy,
Inc
428,866‌
105,827
(b)
W&T
Offshore,
Inc
238,111‌
33
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
60,923
(a)
Weatherford
International
plc
$
7,531,301‌
1,073,961
Williams
Cos,
Inc
41,197,144‌
50,146
World
Fuel
Services
Corp
1,178,431‌
TOTAL
ENERGY
1,808,321,420‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2
.4
%
67,908
Acadia
Realty
Trust
1,173,450‌
90,150
Agree
Realty
Corp
5,158,383‌
57,396
Alexander
&
Baldwin,
Inc
945,312‌
2,341
Alexander's,
Inc
495,262‌
146,220
Alexandria
Real
Estate
Equities,
Inc
16,942,511‌
24,923
Alpine
Income
Property
Trust,
Inc
372,100‌
42,194
American
Assets
Trust,
Inc
900,842‌
262,742
American
Homes
4
Rent
9,406,164‌
414,096
American
Tower
Corp
71,042,310‌
229,759
Americold
Realty
Trust,
Inc
5,047,805‌
139,049
Apartment
Income
REIT
Corp
5,336,701‌
228,578
(a)
Apartment
Investment
and
Management
Co
1,828,624‌
222,137
Apple
Hospitality
REIT,
Inc
3,278,742‌
51,087
Armada
Hoffler
Properties,
Inc
537,435‌
123,442
AvalonBay
Communities,
Inc
23,400,900‌
139,598
Boston
Properties,
Inc
8,639,720‌
32,707
Braemar
Hotels
&
Resorts,
Inc
89,290‌
55,932
Brandywine
Realty
Trust
253,931‌
242,399
Brixmor
Property
Group,
Inc
5,357,018‌
187,485
Broadstone
Net
Lease,
Inc
2,729,782‌
15,761
BRT
Apartments
Corp
282,752‌
92,462
Camden
Property
Trust
9,216,612‌
76,888
CareTrust
REIT,
Inc
1,900,671‌
20,606
CBL
&
Associates
Properties,
Inc
448,181‌
21,625
Centerspace
1,454,281‌
43,190
Chatham
Lodging
Trust
396,052‌
45,741
City
Office
REIT,
Inc
213,153‌
8,117
Clipper
Realty,
Inc
34,091‌
21,137
Community
Healthcare
Trust,
Inc
560,765‌
117,806
Corporate
Office
Properties
Trust
2,823,810‌
115,041
Cousins
Properties,
Inc
2,639,041‌
383,958
Crown
Castle,
Inc
36,007,581‌
21,615
CTO
Realty
Growth,
Inc
375,020‌
197,821
CubeSmart
7,999,881‌
157,600
DiamondRock
Hospitality
Co
1,402,640‌
268,176
Digital
Realty
Trust,
Inc
37,217,465‌
246,911
Diversified
Healthcare
Trust
582,710‌
181,095
Douglas
Emmett,
Inc
2,482,813‌
97,623
Easterly
Government
Properties,
Inc
1,141,213‌
40,446
EastGroup
Properties,
Inc
6,283,691‌
106,758
Empire
State
Realty
Trust,
Inc
971,498‌
59,303
EPR
Properties
2,407,109‌
81,504
Equinix,
Inc
57,958,309‌
121,517
(a)
Equity
Commonwealth
2,274,798‌
155,258
Equity
Lifestyle
Properties,
Inc
9,360,505‌
325,948
Equity
Residential
20,991,051‌
111,554
Essential
Properties
Realty
Trust,
Inc
2,938,332‌
52,849
Essex
Property
Trust,
Inc
13,014,066‌
182,425
Extra
Space
Storage,
Inc
24,496,029‌
21,102
Farmland
Partners,
Inc
227,058‌
73,495
Federal
Realty
Investment
Trust
7,655,974‌
103,143
First
Industrial
Realty
Trust,
Inc
4,684,755‌
99,649
Four
Corners
Property
Trust,
Inc
2,336,769‌
222,395
Gaming
and
Leisure
Properties,
Inc
9,502,938‌
40,489
Getty
Realty
Corp
1,097,252‌
37,072
Gladstone
Commercial
Corp
495,653‌
22,586
Gladstone
Land
Corp
286,391‌
Equity
Index
Fund
April
30,
2024
34
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
54,522
Global
Medical
REIT,
Inc
$
442,173‌
178,326
Global
Net
Lease,
Inc
1,239,366‌
319,675
Healthcare
Realty
Trust,
Inc
4,548,975‌
630,447
Healthpeak
Properties,
Inc
11,732,619‌
104,113
Highwoods
Properties,
Inc
2,727,761‌
606,824
Host
Hotels
&
Resorts
Inc
11,450,769‌
171,592
Hudson
Pacific
Properties,
Inc
995,234‌
160,640
Independence
Realty
Trust,
Inc
2,533,293‌
28,462
Innovative
Industrial
Properties,
Inc
2,942,971‌
51,970
InvenTrust
Properties
Corp
1,316,920‌
541,412
Invitation
Homes,
Inc
18,516,290‌
246,451
Iron
Mountain,
Inc
19,104,882‌
90,901
JBG
SMITH
Properties
1,364,424‌
85,729
Kilroy
Realty
Corp
2,897,640‌
582,732
Kimco
Realty
Corp
10,856,297‌
166,378
Kite
Realty
Group
Trust
3,627,040‌
76,767
Lamar
Advertising
Co
8,893,457‌
294,002
Lexington
Realty
Trust
2,454,917‌
56,334
LTC
Properties,
Inc
1,864,655‌
209,540
Macerich
Co
2,883,270‌
75,492
Mack-Cali
Realty
Corp
1,087,840‌
483,068
Medical
Properties
Trust,
Inc
2,222,113‌
95,805
Mid-America
Apartment
Communities,
Inc
12,454,650‌
36,587
National
Health
Investors,
Inc
2,307,176‌
174,723
National
Retail
Properties,
Inc
7,081,523‌
97,859
National
Storage
Affiliates
Trust
3,428,979‌
12,391
NET
Lease
Office
Properties
283,258‌
79,116
NETSTREIT
Corp
1,333,105‌
36,694
NexPoint
Diversified
Real
Estate
Trust
219,430‌
17,985
NexPoint
Residential
Trust,
Inc
615,806‌
213,315
Omega
Healthcare
Investors,
Inc
6,486,909‌
17,267
One
Liberty
Properties,
Inc
395,587‌
38,649
Orion
Office
REIT,
Inc
120,585‌
132,558
Outfront
Media,
Inc
2,102,370‌
5,946
Paramount
Group,
Inc
27,589‌
261,208
Park
Hotels
&
Resorts,
Inc
4,213,285‌
23,540
Peakstone
Realty
Trust
328,854‌
101,003
Pebblebrook
Hotel
Trust
1,467,574‌
86,759
Phillips
Edison
&
Co,
Inc
2,837,019‌
246,426
Piedmont
Office
Realty
Trust,
Inc
1,697,875‌
22,498
Plymouth
Industrial
REIT,
Inc
469,758‌
15,321
Postal
Realty
Trust,
Inc
212,196‌
64,590
PotlatchDeltic
Corp
2,584,246‌
813,170
Prologis,
Inc
82,983,999‌
136,205
Public
Storage,
Inc
35,338,387‌
155,244
Rayonier,
Inc
4,604,537‌
735,468
Realty
Income
Corp
39,376,957‌
158,447
Regency
Centers
Corp
9,383,231‌
93,857
Retail
Opportunity
Investments
Corp
1,151,625‌
186,446
Rexford
Industrial
Realty,
Inc
7,981,753‌
205,265
RLJ
Lodging
Trust
2,257,915‌
52,448
Ryman
Hospitality
Properties,
Inc
5,532,215‌
210,350
Sabra
Health
Care
REIT,
Inc
2,928,072‌
42,812
Safehold,
Inc
780,891‌
9,694
Saul
Centers,
Inc
352,959‌
94,823
SBA
Communications
Corp
17,648,457‌
150,290
Service
Properties
Trust
921,278‌
290,480
Simon
Property
Group,
Inc
40,821,154‌
151,631
SITE
Centers
Corp
2,045,502‌
71,361
SL
Green
Realty
Corp
3,555,919‌
133,255
STAG
Industrial,
Inc
4,582,639‌
27,739
(a),(b)
Star
Holdings
329,817‌
93,397
Summit
Hotel
Properties,
Inc
561,316‌
35
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
101,035
Sun
Communities,
Inc
$
11,247,216‌
159,255
Sunstone
Hotel
Investors,
Inc
1,624,401‌
104,878
Tanger
Factory
Outlet
Centers,
Inc
2,973,291‌
56,986
Terreno
Realty
Corp
3,097,189‌
285,558
UDR,
Inc
10,874,049‌
37,174
UMH
Properties,
Inc
591,810‌
112,942
Uniti
Group,
Inc
649,417‌
10,070
Universal
Health
Realty
Income
Trust
362,822‌
83,482
Urban
Edge
Properties
1,396,654‌
332,285
Ventas,
Inc
14,713,580‌
905,464
VICI
Properties,
Inc
25,850,997‌
162,331
Vornado
Realty
Trust
4,225,476‌
126,786
Washington
REIT
1,922,076‌
475,636
(d)
Welltower,
Inc
45,318,598‌
655,228
Weyerhaeuser
Co
19,768,229‌
31,390
Whitestone
REIT
360,985‌
184,009
WP
Carey,
Inc
10,091,054‌
92,154
Xenia
Hotels
&
Resorts,
Inc
1,278,176‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
1,022,952,515‌
FINANCIAL
SERVICES
-
7
.9
%
8,238
AFC
Gamma,
Inc
98,856‌
36,469
Affiliated
Managers
Group,
Inc
5,692,811‌
198,148
(a)
Affirm
Holdings,
Inc
6,316,958‌
484,239
AGNC
Investment
Corp
4,430,787‌
11,267
Alerus
Financial
Corp
221,960‌
251,385
Ally
Financial,
Inc
9,640,615‌
12,218
(b)
A-Mark
Precious
Metals,
Inc
489,575‌
514,044
American
Express
Co
120,301,717‌
89,876
Ameriprise
Financial,
Inc
37,010,038‌
414,182
Annaly
Capital
Management,
Inc
7,761,771‌
102,927
Apollo
Commercial
Real
Estate
Finance,
Inc
991,187‌
462,352
Apollo
Global
Management,
Inc
50,109,710‌
138,147
Arbor
Realty
Trust,
Inc
1,772,426‌
26,410
Ares
Commercial
Real
Estate
Corp
179,324‌
146,765
Ares
Management
Corp
19,532,954‌
28,935
ARMOUR
Residential
REIT,
Inc
525,749‌
55,250
Artisan
Partners
Asset
Management,
Inc
2,261,382‌
17,300
(a)
AssetMark
Financial
Holdings,
Inc
584,913‌
3,795
(a)
Atlanticus
Holdings
Corp
100,378‌
113,462
(a)
AvidXchange
Holdings,
Inc
1,322,967‌
66,942
(b)
B
Riley
Financial,
Inc
2,302,805‌
25,565
Banco
Latinoamericano
de
Exportaciones
S.A.
(Class
E)
726,302‌
690,159
Bank
of
New
York
Mellon
Corp
38,987,082‌
1,609,946
(a)
Berkshire
Hathaway,
Inc
638,713,877‌
244,905
BGC
Group,
Inc
1,917,606‌
131,405
BlackRock,
Inc
99,163,469‌
132,203
Blackstone
Mortgage
Trust,
Inc
2,332,061‌
629,829
Blackstone,
Inc
73,444,360‌
472,035
(a)
Block,
Inc
34,458,555‌
407,422
Blue
Owl
Capital,
Inc
7,696,202‌
36,876
Bread
Financial
Holdings,
Inc
1,361,093‌
33,250
Brightsphere
Investment
Group,
Inc
739,480‌
72,747
BrightSpire
Capital,
Inc
457,579‌
64,986
(a)
Cannae
Holdings,
Inc
1,263,978‌
42,561
(a)
Cantaloupe,
Inc
246,428‌
337,617
Capital
One
Financial
Corp
48,424,406‌
194,801
Carlyle
Group,
Inc
8,727,085‌
10,688
Cass
Information
Systems,
Inc
461,615‌
91,044
Cboe
Global
Markets,
Inc
16,492,621‌
1,303,772
Charles
Schwab
Corp
96,413,939‌
289,108
Chimera
Investment
Corp
1,191,125‌
Equity
Index
Fund
April
30,
2024
36
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
71,387
Claros
Mortgage
Trust,
Inc
$
621,067‌
317,699
CME
Group,
Inc
66,602,418‌
22,619
Cohen
&
Steers,
Inc
1,555,735‌
151,021
(a)
Coinbase
Global,
Inc
30,797,713‌
46,488
Compass
Diversified
Trust
1,021,341‌
202,019
Corebridge
Financial,
Inc
5,365,625‌
65,715
(a)
Corpay,
Inc
19,855,130‌
5,387
(a)
Credit
Acceptance
Corp
2,767,410‌
2,620
Diamond
Hill
Investment
Group,
Inc
390,956‌
225,347
Discover
Financial
Services
28,558,225‌
21,354
(a)
Donnelley
Financial
Solutions,
Inc
1,340,604‌
19,484
Dynex
Capital,
Inc
227,378‌
39,095
Ellington
Financial,
Inc
447,247‌
33,565
Enact
Holdings,
Inc
997,887‌
19,960
(a)
Encore
Capital
Group,
Inc
820,156‌
28,542
(a)
Enova
International,
Inc
1,727,647‌
317,276
Equitable
Holdings,
Inc
11,710,657‌
90,053
Essent
Group
Ltd
4,770,107‌
39,548
(a)
Euronet
Worldwide,
Inc
4,060,789‌
31,406
Evercore
Partners,
Inc
(Class
A)
5,700,189‌
75,626
EVERTEC,
Inc
2,838,244‌
34,739
Factset
Research
Systems,
Inc
14,482,342‌
8,178
Federal
Agricultural
Mortgage
Corp
(FAMC)
1,522,171‌
515,096
Fidelity
National
Information
Services,
Inc
34,985,320‌
185,025
(a),(b)
Finance
Of
America
Cos,
Inc
88,812‌
29,291
FirstCash
Holdings,
Inc
3,309,297‌
519,403
(a)
Fiserv,
Inc
79,297,256‌
80,416
(a)
Flywire
Corp
1,648,528‌
192,308
(a),(b)
Forge
Global
Holdings,
Inc
351,924‌
64,711
Franklin
BSP
Realty
Trust,
Inc
808,240‌
259,566
Franklin
Resources,
Inc
5,928,487‌
23,662
GCM
Grosvenor,
Inc
223,369‌
223,897
Global
Payments,
Inc
27,487,835‌
281,260
Goldman
Sachs
Group,
Inc
120,016,455‌
40,822
Granite
Point
Mortgage
Trust,
Inc
175,126‌
39,301
(a)
Green
Dot
Corp
343,884‌
40,122
Hamilton
Lane,
Inc
4,482,430‌
86,811
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc
2,171,143‌
41,860
Houlihan
Lokey,
Inc
5,336,731‌
14,780
(a)
I3
Verticals,
Inc
335,654‌
82,877
Interactive
Brokers
Group,
Inc
(Class
A)
9,540,800‌
502,030
Intercontinental
Exchange,
Inc
64,641,383‌
23,706
(a)
International
Money
Express,
Inc
479,572‌
323,852
Invesco
Ltd
4,588,983‌
31,093
Invesco
Mortgage
Capital,
Inc
265,845‌
63,918
Jack
Henry
&
Associates,
Inc
10,398,819‌
65,488
Jackson
Financial,
Inc
4,474,140‌
106,680
Janus
Henderson
Group
plc
3,330,550‌
164,215
Jefferies
Financial
Group,
Inc
7,071,098‌
588,379
KKR
&
Co,
Inc
54,760,434‌
38,895
KKR
Real
Estate
Finance
Trust,
Inc
366,002‌
89,739
Ladder
Capital
Corp
962,899‌
75,192
Lazard,
Inc
2,894,892‌
91,135
(a)
LendingClub
Corp
685,335‌
8,934
(a)
LendingTree,
Inc
431,244‌
68,899
LPL
Financial
Holdings,
Inc
18,542,788‌
32,375
MarketAxess
Holdings,
Inc
6,477,914‌
420,596
(a)
Marqeta,
Inc
2,334,308‌
730,003
Mastercard,
Inc
(Class
A)
329,377,354‌
13,914
Merchants
Bancorp
561,152‌
119,851
MFA
Financial,
Inc
1,269,222‌
292,825
MGIC
Investment
Corp
5,938,491‌
37
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
44,818
Moelis
&
Co
$
2,199,667‌
137,980
Moody's
Corp
51,098,133‌
1,040,860
Morgan
Stanley
94,551,722‌
23,298
Morningstar,
Inc
6,585,180‌
65,994
(a)
Mr
Cooper
Group,
Inc
5,094,737‌
68,640
MSCI,
Inc
(Class
A)
31,971,826‌
304,030
Nasdaq
Stock
Market,
Inc
18,196,195‌
89,103
Navient
Corp
1,338,327‌
55,688
(a)
NCR
Corp
ATM
1,109,862‌
11,253
Nelnet,
Inc
(Class
A)
1,059,808‌
27,715
(a)
NerdWallet,
Inc
348,378‌
74,821
New
York
Mortgage
Trust,
Inc
512,524‌
76,344
(a)
NMI
Holdings,
Inc
2,355,976‌
180,907
Northern
Trust
Corp
14,904,928‌
108,857
OneMain
Holdings,
Inc
5,672,538‌
76,300
(a)
Open
Lending
Corp
389,130‌
88,465
(b)
OppFi,
Inc
236,202‌
19,230
Orchid
Island
Capital,
Inc
160,186‌
37,029
P10,
Inc
262,906‌
169,691
(a)
Pagseguro
Digital
Ltd
2,112,653‌
32,804
Patria
Investments
Ltd
439,574‌
342,715
(a)
Payoneer
Global,
Inc
1,693,012‌
974,209
(a)
PayPal
Holdings,
Inc
66,168,275‌
25,684
(a)
Paysafe
Ltd
365,226‌
24,785
PennyMac
Financial
Services,
Inc
2,122,587‌
78,042
PennyMac
Mortgage
Investment
Trust
1,080,882‌
25,308
Perella
Weinberg
Partners
377,595‌
13,027
Piper
Jaffray
Cos
2,550,556‌
18,416
PJT
Partners,
Inc
1,740,128‌
34,184
(a)
PRA
Group,
Inc
813,237‌
50,105
PROG
Holdings,
Inc
1,665,490‌
133,385
Radian
Group,
Inc
3,984,210‌
166,455
Raymond
James
Financial,
Inc
20,307,510‌
207,645
Ready
Capital
Corp
1,769,135‌
89,598
Redwood
Trust,
Inc
495,477‌
5,861
Regional
Management
Corp
147,756‌
115,576
(a)
Remitly
Global,
Inc
2,060,720‌
63,890
(a)
Repay
Holdings
Corp
649,761‌
327,137
Rithm
Capital
Corp
3,637,763‌
568,310
(a)
Robinhood
Markets,
Inc
9,371,432‌
99,543
(a),(b)
Rocket
Cos,
Inc
1,222,388‌
282,494
S&P
Global,
Inc
117,469,480‌
98,977
SEI
Investments
Co
6,527,533‌
44,800
(a),(b)
Shift4
Payments,
Inc
2,592,128‌
216,148
SLM
Corp
4,580,176‌
796,488
(a),(b)
SoFi
Technologies,
Inc
5,400,189‌
217,064
Starwood
Property
Trust,
Inc
4,117,704‌
275,967
State
Street
Corp
20,004,848‌
35,681
StepStone
Group,
Inc
1,287,014‌
97,747
Stifel
Financial
Corp
7,811,940‌
240,260
(a)
StoneCo
Ltd
3,748,056‌
18,076
(a)
StoneX
Group,
Inc
1,312,318‌
360,792
Synchrony
Financial
15,867,632‌
191,988
T
Rowe
Price
Group,
Inc
21,036,125‌
119,035
TFS
Financial
Corp
1,429,610‌
306,895
(a)
Toast,
Inc
7,251,929‌
46,946
TPG
RE
Finance
Trust,
Inc
344,114‌
51,595
TPG,
Inc
2,223,744‌
96,462
Tradeweb
Markets,
Inc
9,811,150‌
59,490
Two
Harbors
Investment
Corp
751,359‌
62,035
(a),(b)
Upstart
Holdings,
Inc
1,372,835‌
73,381
(b)
UWM
Holdings
Corp
462,300‌
13,156
Victory
Capital
Holdings,
Inc
669,114‌
Equity
Index
Fund
April
30,
2024
38
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
80,736
Virtu
Financial,
Inc
$
1,751,971‌
5,596
Virtus
Investment
Partners,
Inc
1,227,315‌
1,402,374
Visa,
Inc
(Class
A)
376,691,680‌
82,007
Voya
Financial,
Inc
5,589,597‌
33,610
Walker
&
Dunlop,
Inc
3,079,684‌
19,463
Waterstone
Financial,
Inc
220,710‌
300,683
Western
Union
Co
4,041,180‌
35,095
(a)
WEX,
Inc
7,414,170‌
100,313
WisdomTree,
Inc
892,786‌
3,291
(a)
World
Acceptance
Corp
452,743‌
287,738
XP,
Inc
5,889,997‌
TOTAL
FINANCIAL
SERVICES
3,375,579,223‌
FOOD,
BEVERAGE
&
TOBACCO
-
2
.6
%
1,544,871
Altria
Group,
Inc
67,680,798‌
476,349
Archer-Daniels-Midland
Co
27,942,632‌
56,824
B&G
Foods,
Inc
(Class
A)
630,746‌
66,503
(a),(b)
Beyond
Meat,
Inc
450,890‌
9,546
(a)
Boston
Beer
Co,
Inc
(Class
A)
2,657,702‌
38,202
Brown-Forman
Corp
(Class
A)
1,874,572‌
157,376
Brown-Forman
Corp
(Class
B)
7,530,442‌
126,578
Bunge
Global
S.A.
12,880,577‌
14,278
Calavo
Growers,
Inc
384,792‌
29,761
Cal-Maine
Foods,
Inc
1,646,676‌
185,170
Campbell
Soup
Co
8,464,121‌
124,812
(a)
Celsius
Holdings,
Inc
8,895,351‌
3,421,267
Coca-Cola
Co
211,331,663‌
3,853
Coca-Cola
Consolidated
Inc
3,182,578‌
456,707
ConAgra
Brands,
Inc
14,057,441‌
139,974
Constellation
Brands,
Inc
(Class
A)
35,477,810‌
137,434
(a)
Darling
International,
Inc
5,823,079‌
52,252
Dole
plc
635,907‌
34,349
(a)
Duckhorn
Portfolio,
Inc
290,936‌
178,075
Flowers
Foods,
Inc
4,441,190‌
34,730
Fresh
Del
Monte
Produce,
Inc
888,046‌
42,751
(a)
Freshpet,
Inc
4,534,599‌
533,514
General
Mills,
Inc
37,591,396‌
68,087
(a),(b)
Hain
Celestial
Group,
Inc
418,054‌
130,868
Hershey
Co
25,377,923‌
263,487
Hormel
Foods
Corp
9,369,598‌
56,918
Ingredion,
Inc
6,522,234‌
11,507
J&J
Snack
Foods
Corp
1,579,796‌
95,242
J.M.
Smucker
Co
10,938,544‌
7,322
John
B
Sanfilippo
&
Son,
Inc
730,003‌
230,590
Kellogg
Co
13,341,937‌
828,548
Keurig
Dr
Pepper,
Inc
27,922,068‌
701,029
Kraft
Heinz
Co
27,066,730‌
126,597
Lamb
Weston
Holdings,
Inc
10,550,594‌
14,847
Lancaster
Colony
Corp
2,832,956‌
25,397
(b)
Limoneira
Co
502,353‌
217,351
McCormick
&
Co,
Inc
16,531,717‌
12,426
MGP
Ingredients,
Inc
974,695‌
27,002
(a)
Mission
Produce,
Inc
306,473‌
153,679
Molson
Coors
Brewing
Co
(Class
B)
8,799,660‌
1,188,002
Mondelez
International,
Inc
85,464,864‌
656,202
(a)
Monster
Beverage
Corp
35,073,997‌
21,109
(a)
National
Beverage
Corp
939,350‌
1,215,766
PepsiCo,
Inc
213,865,397‌
1,366,472
Philip
Morris
International,
Inc
129,732,852‌
41,744
(a)
Pilgrim's
Pride
Corp
1,503,619‌
43,090
(a)
Post
Holdings,
Inc
4,574,003‌
118,935
Primo
Water
Corp
2,244,303‌
234
Seaboard
Corp
774,566‌
39
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FOOD,
BEVERAGE
&
TOBACCO—continued
4,078
(a)
Seneca
Foods
Corp
$
236,891‌
74,009
(a)
Simply
Good
Foods
Co
2,697,628‌
75,640
(a)
SunOpta,
Inc
495,442‌
45,643
(a)
TreeHouse
Foods,
Inc
1,713,895‌
10,372
Turning
Point
Brands,
Inc
299,128‌
240,203
Tyson
Foods,
Inc
(Class
A)
14,568,312‌
38,821
Universal
Corp
1,996,564‌
42,921
Utz
Brands,
Inc
773,866‌
153,958
Vector
Group
Ltd
1,593,465‌
27,741
(a)
Vita
Coco
Co,
Inc
672,442‌
17,927
(a)
Vital
Farms,
Inc
479,727‌
34,783
(a),(b)
Westrock
Coffee
Co
352,700‌
57,647
WK
Kellogg
Co
1,345,481‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,124,457,771‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.0
%
133,195
(a),(b)
23andMe
Holding
Co
66,891‌
1,530,219
Abbott
Laboratories
162,157,307‌
84,411
(a)
Acadia
Healthcare
Co,
Inc
6,241,349‌
85,064
(a)
Accolade,
Inc
649,038‌
100,756
(a)
Accuray,
Inc
214,610‌
55,713
(a)
AdaptHealth
Corp
548,773‌
23,591
(a)
Addus
HomeCare
Corp
2,268,275‌
27,451
(a)
Agiliti,
Inc
278,628‌
237,651
(a),(b)
agilon
health,
Inc
1,307,081‌
13,730
(a),(b)
AirSculpt
Technologies,
Inc
75,652‌
68,375
(a)
Align
Technology,
Inc
19,307,733‌
66,096
(a)
Alignment
Healthcare,
Inc
340,394‌
51,158
(a)
Alphatec
Holdings,
Inc
645,614‌
22,500
(a)
Amedisys,
Inc
2,071,125‌
206,241
(a)
American
Well
Corp
105,286‌
138,264
AmerisourceBergen
Corp
33,052,009‌
34,740
(a)
AMN
Healthcare
Services,
Inc
2,083,705‌
26,981
(a)
Angiodynamics,
Inc
156,220‌
31,254
(a)
Apollo
Medical
Holdings,
Inc
1,161,086‌
32,847
(a)
AtriCure,
Inc
792,270‌
1,088
Atrion
Corp
460,540‌
35,972
(a)
Avanos
Medical,
Inc
650,374‌
158,703
(a)
Aveanna
Healthcare
Holdings,
Inc
357,082‌
27,811
(a)
Axogen,
Inc
178,269‌
46,100
(a)
Axonics,
Inc
3,068,877‌
459,358
Baxter
International,
Inc
18,544,282‌
256,867
Becton
Dickinson
&
Co
60,260,998‌
64,621
(a),(b)
Beyond
Air,
Inc
69,791‌
1,276,507
(a)
Boston
Scientific
Corp
91,742,558‌
182,415
(a)
Brookdale
Senior
Living,
Inc
1,238,598‌
135,332
(a),(b)
Butterfly
Network,
Inc
105,031‌
221,501
Cardinal
Health,
Inc
22,823,463‌
15,535
(a)
Castle
Biosciences,
Inc
327,633‌
462,434
(a)
Centene
Corp
33,785,428‌
101,278
(a)
Certara,
Inc
1,732,867‌
124,755
(a)
Cerus
Corp
208,341‌
13,534
Chemed
Corp
7,687,312‌
256,829
Cigna
Group
91,698,226‌
20,302
(a)
Computer
Programs
&
Systems,
Inc
160,386‌
22,557
Conmed
Corp
1,533,425‌
174,984
(a)
Cooper
Cos,
Inc
15,584,075‌
7,447
(a)
Corvel
Corp
1,778,716‌
36,466
(a)
Cross
Country
Healthcare,
Inc
641,802‌
28,142
(a)
CryoLife,
Inc
552,146‌
26,756
(a),(b)
CVRx,
Inc
414,986‌
1,127,093
CVS
Health
Corp
76,315,467‌
45,269
(a)
DaVita,
Inc
6,292,844‌
Equity
Index
Fund
April
30,
2024
40
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
19,366
(a)
Definitive
Healthcare
Corp
$
134,400‌
193,911
Dentsply
Sirona,
Inc
5,819,269‌
343,932
(a)
DexCom,
Inc
43,813,497‌
62,348
(a)
DocGo,
Inc
210,736‌
106,732
(a)
Doximity,
Inc
2,592,520‌
537,620
(a)
Edwards
Lifesciences
Corp
45,520,285‌
208,043
Elevance
Health,
Inc
109,967,369‌
55,794
Embecta
Corp
565,193‌
89,300
Encompass
Health
Corp
7,445,834‌
36,675
(a)
Enhabit,
Inc
370,051‌
34,689
(a)
Enovis
Corp
1,915,873‌
45,165
Ensign
Group,
Inc
5,345,729‌
136,895
(a)
Envista
Holdings
Corp
2,694,094‌
92,363
(a)
Evolent
Health,
Inc
2,562,150‌
99,142
(a)
Figs,
Inc
506,616‌
15,836
(a)
Fulgent
Genetics,
Inc
322,263‌
362,535
GE
HealthCare
Technologies,
Inc
27,639,668‌
43,328
(a)
Glaukos
Corp
4,159,488‌
93,228
(a)
Globus
Medical,
Inc
4,641,822‌
100,347
(a)
Guardant
Health,
Inc
1,806,246‌
41,751
(a)
Haemonetics
Corp
3,839,004‌
175,577
HCA,
Inc
54,397,266‌
38,567
(a)
Health
Catalyst,
Inc
239,887‌
77,387
(a)
HealthEquity,
Inc
6,106,608‌
19,996
HealthStream,
Inc
515,297‌
122,435
(a)
Henry
Schein,
Inc
8,482,297‌
95,038
(a)
Hims
&
Hers
Health,
Inc
1,190,826‌
204,112
(a)
Hologic,
Inc
15,465,566‌
111,794
Humana,
Inc
33,771,849‌
21,074
(a)
ICU
Medical,
Inc
2,063,566‌
71,881
(a)
IDEXX
Laboratories,
Inc
35,420,082‌
51,855
(a)
Inari
Medical,
Inc
1,936,266‌
39,216
(a)
InfuSystem
Holdings,
Inc
294,512‌
64,563
(a)
Inmode
Ltd
1,109,838‌
20,735
(a),(b)
Innovage
Holding
Corp
73,609‌
13,893
(a)
Inogen,
Inc
94,472‌
26,630
(a)
Inspire
Medical
Systems,
Inc
6,435,406‌
61,135
(a)
Insulet
Corp
10,511,552‌
29,128
(a)
Integer
Holdings
Corp
3,251,559‌
87,550
(a)
Integra
LifeSciences
Holdings
Corp
2,553,834‌
307,680
(a)
Intuitive
Surgical,
Inc
114,032,362‌
12,831
iRadimed
Corp
521,067‌
24,799
(a)
iRhythm
Technologies,
Inc
2,717,474‌
10,108
(a)
Joint
Corp
120,690‌
75,830
Laboratory
Corp
of
America
Holdings
15,269,887‌
60,306
(a)
Lantheus
Holdings,
Inc
4,012,761‌
16,045
LeMaitre
Vascular,
Inc
1,039,716‌
98,206
(a),(b)
LifeStance
Health
Group,
Inc
606,913‌
48,529
(a)
LivaNova
plc
2,705,492‌
39,912
(a)
Masimo
Corp
5,364,572‌
118,193
McKesson
Corp
63,494,462‌
1,168,806
Medtronic
plc
93,784,993‌
59,903
(a)
Merit
Medical
Systems,
Inc
4,438,812‌
9,311
(a)
ModivCare,
Inc
218,529‌
51,502
(a)
Molina
Healthcare,
Inc
17,618,834‌
340,099
(a),(b)
Multiplan
Corp
220,996‌
32,656
(a),(b)
Nano-X
Imaging
Ltd
292,598‌
9,670
National
Healthcare
Corp
878,713‌
13,196
National
Research
Corp
451,963‌
180,245
(a)
Neogen
Corp
2,222,421‌
100,310
(a)
NeoGenomics,
Inc
1,396,315‌
25,545
(a)
Nevro
Corp
270,266‌
91,637
(a)
Novocure
Ltd
1,121,637‌
41
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
36,495
(a)
Omnicell,
Inc
$
978,431‌
299,751
(a),(b)
Opko
Health,
Inc
365,696‌
12,320
(a)
OptimizeRx
Corp
125,664‌
150,265
(a)
Option
Care
Health,
Inc
4,491,421‌
54,102
(a)
OraSure
Technologies,
Inc
286,200‌
24,415
(a)
Orthofix
Medical,
Inc
317,395‌
10,294
(a)
OrthoPediatrics
Corp
305,011‌
33,381
(a),(b)
Outset
Medical,
Inc
84,454‌
54,182
(a)
Owens
&
Minor,
Inc
1,340,463‌
35,588
(a)
Paragon
28,
Inc
328,121‌
65,175
Patterson
Cos,
Inc
1,660,007‌
61,546
(a)
Pediatrix
Medical
Group,
Inc
545,913‌
31,176
(a)
Pennant
Group,
Inc
651,890‌
30,855
(a)
Penumbra,
Inc
6,062,082‌
17,969
(a)
PetIQ,
Inc
293,254‌
34,961
(a)
Phreesia,
Inc
725,091‌
132,347
Premier,
Inc
2,763,405‌
113,231
(a)
Privia
Health
Group,
Inc
2,083,450‌
31,282
(a)
PROCEPT
BioRobotics
Corp
1,657,320‌
57,755
(a)
Progyny,
Inc
1,851,625‌
133,733
(a)
Project
Roadrunner
Parent,
Inc
1,643,579‌
18,481
(a)
Pulmonx
Corp
140,640‌
98,526
Quest
Diagnostics,
Inc
13,614,323‌
46,743
(a)
QuidelOrtho
Corp
1,895,429‌
72,993
(a)
Quipt
Home
Medical
Corp
262,775‌
65,204
(a)
RadNet,
Inc
3,162,394‌
128,377
Resmed,
Inc
27,471,394‌
24,262
(a)
RxSight,
Inc
1,264,778‌
46,518
(a)
Schrodinger,
Inc
1,134,109‌
84,676
Select
Medical
Holdings
Corp
2,402,258‌
15,510
(a)
Semler
Scientific,
Inc
395,970‌
382,587
(a),(b)
Sharecare,
Inc
273,894‌
31,551
(a)
Shockwave
Medical,
Inc
10,417,825‌
23,620
(a)
SI-BONE,
Inc
336,821‌
43,444
(a)
Silk
Road
Medical,
Inc
844,551‌
17,254
(b)
Simulations
Plus,
Inc
782,469‌
121,718
(a)
Solventum
Corp
7,912,887‌
48,121
(a)
STAAR
Surgical
Co
2,211,641‌
84,137
STERIS
plc
17,211,065‌
313,959
Stryker
Corp
105,647,204‌
61,036
(a)
Surgery
Partners,
Inc
1,522,848‌
12,089
(a)
SurModics,
Inc
310,566‌
16,050
(a)
Tactile
Systems
Technology,
Inc
221,009‌
67,537
(a)
Tandem
Diabetes
Care,
Inc
2,477,933‌
124,576
(a)
Teladoc
Health,
Inc
1,588,344‌
40,335
Teleflex,
Inc
8,419,931‌
96,496
(a)
Tenet
Healthcare
Corp
10,835,536‌
28,749
(a),(b)
TransMedics
Group,
Inc
2,706,143‌
39,187
(a)
Treace
Medical
Concepts,
Inc
406,369‌
7,098
(a)
UFP
Technologies,
Inc
1,461,762‌
816,494
UnitedHealth
Group,
Inc
394,938,148‌
50,337
Universal
Health
Services,
Inc
(Class
B)
8,578,935‌
10,256
US
Physical
Therapy,
Inc
1,041,087‌
1,493
Utah
Medical
Products,
Inc
98,837‌
27,524
(a)
Varex
Imaging
Corp
447,265‌
129,531
(a)
Veeva
Systems,
Inc
25,719,675‌
43,337
(a)
Viemed
Healthcare,
Inc
354,930‌
186,832
Zimmer
Biomet
Holdings,
Inc
22,472,153‌
33,278
(a)
Zimvie,
Inc
505,826‌
18,221
(a),(b)
Zynex,
Inc
199,884‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
2,170,574,515‌
Equity
Index
Fund
April
30,
2024
42
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.3
%
123,209
(a)
BellRing
Brands,
Inc
$
6,797,440‌
8,367
(a),(b)
Central
Garden
&
Pet
Co
342,629‌
40,499
(a)
Central
Garden
and
Pet
Co
(Class
A)
1,434,880‌
218,567
Church
&
Dwight
Co,
Inc
23,581,194‌
107,931
Clorox
Co
15,959,757‌
714,286
Colgate-Palmolive
Co
65,657,169‌
361,993
(a)
Coty,
Inc
4,141,200‌
41,696
Edgewell
Personal
Care
Co
1,568,603‌
49,283
(a)
elf
Beauty,
Inc
8,009,966‌
47,539
Energizer
Holdings,
Inc
1,365,320‌
203,943
Estee
Lauder
Cos
(Class
A)
29,920,477‌
79,731
(a)
Herbalife
Ltd
689,673‌
13,468
Inter
Parfums,
Inc
1,567,406‌
1,507,567
Kenvue,
Inc
28,372,411‌
291,516
Kimberly-Clark
Corp
39,800,679‌
8,543
Medifast,
Inc
235,189‌
9,397
(a)
Nature's
Sunshine
Products,
Inc
182,772‌
89,497
Nu
Skin
Enterprises,
Inc
(Class
A)
1,052,485‌
18,572
Oil-Dri
Corp
of
America
1,286,111‌
96,295
(a)
Olaplex
Holdings,
Inc
133,850‌
2,067,684
Procter
&
Gamble
Co
337,446,029‌
79,915
Reynolds
Consumer
Products,
Inc
2,287,966‌
32,523
Spectrum
Brands
Holdings,
Inc
2,662,658‌
9,434
(a)
USANA
Health
Sciences,
Inc
391,700‌
10,397
WD-40
Co
2,351,074‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
577,238,638‌
INSURANCE
-
2
.2
%
518,653
Aflac,
Inc
43,385,323‌
229,795
Allstate
Corp
39,078,938‌
53,101
(a)
AMBAC
Financial
Group,
Inc
767,309‌
61,664
American
Equity
Investment
Life
Holding
Co
3,459,967‌
65,517
American
Financial
Group,
Inc
8,369,797‌
631,341
American
International
Group,
Inc
47,546,291‌
14,885
Amerisafe,
Inc
678,756‌
174,998
Aon
plc
49,351,186‌
312,147
(a)
Arch
Capital
Group
Ltd
29,198,230‌
43,360
Assurant,
Inc
7,561,984‌
53,340
Assured
Guaranty
Ltd
4,091,178‌
52,429
Axis
Capital
Holdings
Ltd
3,215,471‌
61,731
(a)
Brighthouse
Financial,
Inc
2,978,521‌
217,381
Brown
&
Brown,
Inc
17,725,247‌
76,674
(a)
BRP
Group,
Inc
2,042,595‌
353,017
Chubb
Ltd
87,774,147‌
129,513
Cincinnati
Financial
Corp
14,983,359‌
24,499
CNA
Financial
Corp
1,076,486‌
96,172
CNO
Financial
Group,
Inc
2,532,209‌
545
Crawford
&
Co
5,058‌
3,527
(b)
Donegal
Group,
Inc
(Class
A)
47,403‌
62,690
(a)
eHealth,
Inc
268,313‌
20,967
Employers
Holdings,
Inc
892,984‌
9,371
(a)
Enstar
Group
Ltd
2,721,057‌
37,734
Everest
Re
Group
Ltd
13,826,115‌
15,656
F&G
Annuities
&
Life,
Inc
592,110‌
46,770
Fidelis
Insurance
Holdings
Ltd
868,987‌
230,229
Fidelity
National
Financial,
Inc
11,396,335‌
98,532
First
American
Financial
Corp
5,278,359‌
189,407
Gallagher
(Arthur
J.)
&
Co
44,451,929‌
548,402
(a)
Genworth
Financial,
Inc
(Class
A)
3,252,024‌
68,411
Globe
Life,
Inc
5,210,866‌
27,359
(a)
Goosehead
Insurance,
Inc
1,557,001‌
24,981
(a)
Greenlight
Capital
Re
Ltd
(Class
A)
302,770‌
29,706
Hanover
Insurance
Group,
Inc
3,856,433‌
43
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
249,085
Hartford
Financial
Services
Group,
Inc
$
24,133,846‌
4,312
(b)
HCI
Group,
Inc
492,344‌
57,150
Horace
Mann
Educators
Corp
2,106,549‌
738
Investors
Title
Co
118,397‌
36,673
James
River
Group
Holdings
Ltd
326,023‌
47,055
Kemper
Corp
2,743,777‌
18,754
Kinsale
Capital
Group,
Inc
6,812,390‌
44,494
(a),(b)
Lemonade,
Inc
766,632‌
117,398
Lincoln
National
Corp
3,201,443‌
155,695
Loews
Corp
11,700,479‌
11,823
(a)
Markel
Corp
17,242,663‌
435,848
Marsh
&
McLennan
Cos,
Inc
86,921,167‌
53,327
MBIA,
Inc
335,427‌
21,627
Mercury
General
Corp
1,130,227‌
557,354
Metlife,
Inc
39,616,722‌
1,802
National
Western
Life
Group,
Inc
880,854‌
5,548
(a)
NI
Holdings,
Inc
82,499‌
205,791
Old
Republic
International
Corp
6,144,919‌
151,667
(a)
Oscar
Health,
Inc
2,634,456‌
19,410
(a)
Palomar
Holdings,
Inc
1,526,985‌
29,473
Primerica,
Inc
6,244,150‌
202,011
Principal
Financial
Group
15,987,150‌
42,244
ProAssurance
Corp
564,380‌
513,532
Progressive
Corp
106,943,039‌
315,043
Prudential
Financial,
Inc
34,805,951‌
57,218
Reinsurance
Group
of
America,
Inc
(Class
A)
10,699,194‌
45,821
RenaissanceRe
Holdings
Ltd
10,046,254‌
39,552
RLI
Corp
5,590,675‌
75,489
Ryan
Specialty
Holdings,
Inc
3,724,627‌
12,520
Safety
Insurance
Group,
Inc
996,216‌
56,689
Selective
Insurance
Group,
Inc
5,762,437‌
86,670
(a)
SiriusPoint
Ltd
1,020,973‌
20,595
(a)
Skyward
Specialty
Insurance
Group,
Inc
719,177‌
19,531
Stewart
Information
Services
Corp
1,211,117‌
13,676
Tiptree,
Inc
217,859‌
200,061
Travelers
Cos,
Inc
42,444,942‌
51,436
(a),(b)
Trupanion,
Inc
1,157,310‌
12,454
United
Fire
Group,
Inc
275,109‌
86,394
(a)
United
Insurance
Holdings
Corp
904,545‌
21,860
Universal
Insurance
Holdings,
Inc
426,707‌
175,445
Unum
Group
8,895,061‌
173,562
W.R.
Berkley
Corp
13,359,067‌
2,176
White
Mountains
Insurance
Group
Ltd
3,869,233‌
92,594
Willis
Towers
Watson
plc
23,254,057‌
TOTAL
INSURANCE
968,381,767‌
MATERIALS
-
2
.6
%
117,043
(a),(b)
5E
Advanced
Materials,
Inc
134,599‌
20,558
AdvanSix,
Inc
519,295‌
195,290
Air
Products
&
Chemicals,
Inc
46,154,839‌
101,519
Albemarle
Corp
12,213,751‌
143,228
Alcoa
Corp
5,033,032‌
121,178
(a)
Allegheny
Technologies,
Inc
7,234,327‌
9,873
Alpha
Metallurgical
Resources,
Inc
3,229,656‌
1,341,949
Amcor
plc
11,997,024‌
21,560
American
Vanguard
Corp
245,568‌
58,735
Aptargroup,
Inc
8,480,159‌
895,747
(a),(b)
Arcadium
Lithium
plc
3,941,287‌
18,418
Arch
Resources,
Inc
2,924,410‌
126,036
(b)
Ardagh
Metal
Packaging
S.A.
497,842‌
42,481
Ashland,
Inc
4,049,714‌
62,214
(a)
Aspen
Aerogels,
Inc
974,271‌
69,345
Avery
Dennison
Corp
15,067,282‌
Equity
Index
Fund
April
30,
2024
44
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
70,844
Avient
Corp
$
3,005,202‌
172,888
(a)
Axalta
Coating
Systems
Ltd
5,435,599‌
32,189
Balchem
Corp
4,550,881‌
261,774
Ball
Corp
18,211,617‌
101,421
Berry
Global
Group,
Inc
5,744,485‌
47,966
Cabot
Corp
4,375,938‌
29,630
(b)
Caledonia
Mining
Corp
plc
290,670‌
35,519
Carpenter
Technology
Corp
3,043,978‌
89,864
Celanese
Corp
(Series
A)
13,804,009‌
44,567
(a)
Century
Aluminum
Co
773,237‌
171,056
CF
Industries
Holdings,
Inc
13,508,292‌
122,499
Chemours
Co
3,276,848‌
12,528
(a)
Clearwater
Paper
Corp
564,261‌
455,953
(a)
Cleveland-Cliffs,
Inc
7,705,606‌
185,110
(a)
Coeur
Mining,
Inc
836,697‌
116,251
Commercial
Metals
Co
6,247,329‌
26,808
Compass
Minerals
International,
Inc
333,760‌
123,107
(a)
Constellium
SE
2,423,977‌
623,192
Corteva,
Inc
33,733,383‌
95,240
Crown
Holdings,
Inc
7,816,347‌
132,891
(a)
Dakota
Gold
Corp
353,490‌
214,737
(a),(b)
Danimer
Scientific,
Inc
161,053‌
619,413
Dow,
Inc
35,244,600‌
385,455
DuPont
de
Nemours,
Inc
27,945,487‌
30,583
Eagle
Materials,
Inc
7,667,464‌
100,895
Eastman
Chemical
Co
9,528,524‌
219,666
Ecolab,
Inc
49,677,466‌
155,720
(a)
Ecovyst,
Inc
1,468,440‌
181,420
Element
Solutions,
Inc
4,196,245‌
109,761
FMC
Corp
6,476,997‌
1,280,506
Freeport-McMoRan,
Inc
(Class
B)
63,948,470‌
23,566
FutureFuel
Corp
127,728‌
1,342,373
(a),(b)
Ginkgo
Bioworks
Holdings,
Inc
1,196,189‌
171,982
(a)
Glatfelter
Corp
245,934‌
278,912
Graphic
Packaging
Holding
Co
7,209,875‌
20,180
Greif,
Inc
(Class
A)
1,236,630‌
5,616
Greif,
Inc
(Class
B)
350,888‌
46,815
H.B.
Fuller
Co
3,497,549‌
14,458
Hawkins,
Inc
1,095,483‌
7,087
Haynes
International,
Inc
426,283‌
557,591
Hecla
Mining
Co
2,637,405‌
158,395
Huntsman
Corp
3,779,305‌
183,487
(a),(b)
i-80
Gold
Corp
216,515‌
29,963
(a)
Ingevity
Corp
1,532,308‌
19,888
Innospec,
Inc
2,386,560‌
215,328
International
Flavors
&
Fragrances,
Inc
18,227,515‌
299,276
International
Paper
Co
10,456,703‌
7,140
(a)
Intrepid
Potash,
Inc
143,657‌
37,532
(a),(b)
Ivanhoe
Electric,
Inc
379,073‌
11,630
Kaiser
Aluminum
Corp
1,052,399‌
49,319
(a)
Knife
River
Corp
3,856,253‌
14,468
Koppers
Holdings,
Inc
741,919‌
29,170
Kronos
Worldwide,
Inc
333,996‌
426,572
Linde
plc
188,101,189‌
53,366
Louisiana-Pacific
Corp
3,905,858‌
91,950
(a)
LSB
Industries,
Inc
855,135‌
223,395
LyondellBasell
Industries
NV
22,332,798‌
54,097
Martin
Marietta
Materials,
Inc
31,758,726‌
17,661
Materion
Corp
2,029,955‌
28,271
Minerals
Technologies,
Inc
2,060,673‌
299,071
Mosaic
Co
9,387,839‌
100,937
(a),(b)
MP
Materials
Corp
1,614,992‌
25,893
Myers
Industries,
Inc
567,057‌
45
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
5,385
NewMarket
Corp
$
2,837,464‌
1,018,452
Newmont
Goldcorp
Corp
41,389,889‌
175,621
(a)
Novagold
Resources,
Inc
509,301‌
220,976
Nucor
Corp
37,241,085‌
123,701
(a)
O-I
Glass,
Inc
1,850,567‌
111,865
Olin
Corp
5,848,302‌
12,612
Olympic
Steel,
Inc
801,745‌
83,951
(a),(b)
Origin
Materials,
Inc
67,958‌
41,831
Orion
S.A.
989,721‌
78,609
Packaging
Corp
of
America
13,597,785‌
29,712
Pactiv
Evergreen,
Inc
452,811‌
94,769
(a)
Perimeter
Solutions
S.A.
663,383‌
13,423
(a),(b)
Piedmont
Lithium,
Inc
164,432‌
209,423
PPG
Industries,
Inc
27,015,567‌
10,040
Quaker
Chemical
Corp
1,872,761‌
3,719
Ramaco
Resources,
Inc
41,318‌
18,601
Ramaco
Resources,
Inc
291,664‌
26,216
(a)
Ranpak
Holdings
Corp
189,804‌
45,189
(a)
Rayonier
Advanced
Materials,
Inc
168,555‌
49,028
Reliance
Steel
&
Aluminum
Co
13,959,252‌
55,206
Royal
Gold,
Inc
6,631,897‌
115,315
RPM
International,
Inc
12,328,327‌
19,086
Ryerson
Holding
Corp
544,905‌
19,139
Schnitzer
Steel
Industries,
Inc
(Class
A)
333,401‌
43,911
Schweitzer-Mauduit
International,
Inc
801,815‌
33,395
Scotts
Miracle-Gro
Co
(Class
A)
2,288,893‌
138,369
Sealed
Air
Corp
4,355,856‌
45,956
Sensient
Technologies
Corp
3,364,898‌
209,134
Sherwin-Williams
Co
62,658,638‌
84,315
Silgan
Holdings,
Inc
3,934,138‌
87,326
Sonoco
Products
Co
4,894,622‌
77,837
Southern
Copper
Corp
9,081,243‌
135,267
SSR
Mining,
Inc
725,031‌
141,158
Steel
Dynamics,
Inc
18,367,479‌
25,522
Stepan
Co
2,118,071‌
89,404
(a)
Summit
Materials,
Inc
3,477,816‌
62,507
SunCoke
Energy,
Inc
644,447‌
27,538
Sylvamo
Corp
1,721,125‌
33,322
(a)
TimkenSteel
Corp
685,100‌
19,788
Tredegar
Corp
126,247‌
32,674
Trimas
Corp
849,197‌
29,516
Trinseo
plc
77,037‌
75,937
Tronox
Holdings
plc
1,290,170‌
807
United
States
Lime
&
Minerals,
Inc
250,170‌
182,234
United
States
Steel
Corp
6,651,541‌
6,593
(b)
Valhi,
Inc
97,379‌
119,188
Vulcan
Materials
Co
30,706,404‌
50,615
Warrior
Met
Coal,
Inc
3,459,535‌
24,539
Westlake
Chemical
Corp
3,616,067‌
224,893
Westrock
Co
10,785,868‌
25,062
Worthington
Industries,
Inc
1,432,544‌
25,062
Worthington
Steel,
Inc
771,659‌
TOTAL
MATERIALS
1,137,816,681‌
MEDIA
&
ENTERTAINMENT
-
7
.6
%
80,989
(a)
Advantage
Solutions,
Inc
345,013‌
4,424,247
(a)
Alphabet,
Inc
728,408,026‌
5,227,508
(a)
Alphabet,
Inc
(Class
A)
850,933,752‌
6,385
(a)
AMC
Entertainment
Holdings,
Inc
18,708‌
23,685
(a)
AMC
Networks,
Inc
251,535‌
6,134
(a)
Atlanta
Braves
Holdings,
Inc
247,446‌
36,516
(a)
Atlanta
Braves
Holdings,
Inc
1,366,794‌
12,671
(a)
Boston
Omaha
Corp
195,640‌
Equity
Index
Fund
April
30,
2024
46
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
116,459
(a)
Bumble,
Inc
$
1,176,236‌
4,644
Cable
One,
Inc
1,829,039‌
72,900
(a)
Cargurus,
Inc
1,637,334‌
50,674
(a)
Cars.com,
Inc
846,763‌
88,122
(a)
Charter
Communications,
Inc
22,553,945‌
82,557
(a)
Cinemark
Holdings,
Inc
1,415,027‌
499,375
(a)
Clear
Channel
Outdoor
Holdings,
Inc
694,131‌
3,513,600
Comcast
Corp
(Class
A)
133,903,296‌
455
(a)
Daily
Journal
Corp
152,516‌
101,782
(a)
DHI
Group,
Inc
238,170‌
237,028
Electronic
Arts,
Inc
30,059,891‌
40,007
(b)
Entravision
Communications
Corp
(Class
A)
83,615‌
54,751
(a)
Eventbrite,
Inc
289,085‌
14,208
(a)
EverQuote,
Inc
286,575‌
40,458
(a)
EW
Scripps
Co
(Class
A)
152,122‌
244,648
Fox
Corp
(Class
A)
7,586,534‌
116,246
Fox
Corp
(Class
B)
3,333,935‌
245,139
(a),(b)
fuboTV,
Inc
348,097‌
99,963
(a)
Gannett
Co,
Inc
241,910‌
72,633
Gray
Television,
Inc
417,640‌
57,550
(a)
IAC,
Inc
2,737,078‌
37,647
(a)
IMAX
Corp
602,728‌
25,095
(a)
Integral
Ad
Science
Holding
Corp
240,661‌
340,395
Interpublic
Group
of
Cos,
Inc
10,361,624‌
54,238
John
Wiley
&
Sons,
Inc
(Class
A)
2,037,722‌
100,537
(a)
Liberty
Broadband
Corp
4,999,705‌
18,787
(a)
Liberty
Broadband
Corp
(Class
A)
941,792‌
18,107
(a)
Liberty
Media
Corp-Liberty
Formula
One
(Class
A)
1,127,523‌
172,671
(a)
Liberty
Media
Corp-Liberty
Formula
One
(Class
C)
12,081,790‌
20,078
(a)
Liberty
Media
Corp-Liberty
Live
(Class
A)
719,997‌
42,962
(a)
Liberty
Media
Corp-Liberty
Live
(Class
C)
1,603,342‌
142,289
(a)
Liberty
Media
Corp-Liberty
SiriusXM
3,423,473‌
77,217
(a)
Liberty
Media
Corp-Liberty
SiriusXM
(Class
A)
1,857,841‌
44,591
(a)
Lions
Gate
Entertainment
Corp
(Class
A)
449,923‌
114,064
(a)
Lions
Gate
Entertainment
Corp
(Class
B)
1,075,624‌
139,050
(a)
Live
Nation,
Inc
12,362,935‌
35,049
(a)
Madison
Square
Garden
Entertainment
Corp
1,372,168‌
18,866
(a)
Madison
Square
Garden
Sports
Corp
3,507,567‌
93,497
(a)
Magnite,
Inc
825,579‌
24,627
(b)
Marcus
Corp
321,136‌
234,733
(a)
Match
Group,
Inc
7,234,471‌
12,782
(a)
MediaAlpha,
Inc
258,835‌
1,945,828
Meta
Platforms,
Inc
837,036,831‌
376,612
(a)
NetFlix,
Inc
207,377,632‌
153,857
New
York
Times
Co
(Class
A)
6,620,467‌
293,922
News
Corp
(Class
A)
6,995,344‌
95,168
News
Corp
(Class
B)
2,335,423‌
29,527
Nexstar
Media
Group,
Inc
4,726,092‌
172,073
Omnicom
Group,
Inc
15,975,257‌
5,903
(b)
Paramount
Global
(Class
A)
122,133‌
484,703
Paramount
Global
(Class
B)
5,520,767‌
532,361
(a)
Pinterest,
Inc
17,807,475‌
61,226
(a)
Playstudios,
Inc
132,248‌
37,469
Playtika
Holding
Corp
271,650‌
32,246
(a)
PubMatic,
Inc
723,600‌
41,070
(a)
QuinStreet,
Inc
742,956‌
397,892
(a)
ROBLOX
Corp
14,149,040‌
113,610
(a)
Roku,
Inc
6,550,753‌
22,422
Scholastic
Corp
798,672‌
17,136
Shutterstock,
Inc
731,879‌
37,146
(b)
Sinclair,
Inc
456,896‌
628,669
(b)
Sirius
XM
Holdings,
Inc
1,848,287‌
19,376
(a)
Sphere
Entertainment
Co
752,951‌
47
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
121,510
(a)
Spotify
Technology
S.A.
$
34,076,264‌
46,094
(a)
Stagwell,
Inc
274,259‌
144,314
(a)
Take-Two
Interactive
Software,
Inc
20,609,482‌
19,150
(a)
TechTarget,
Inc
526,625‌
212,771
TEGNA,
Inc
2,902,196‌
19,655
(a)
Thryv
Holdings,
Inc
452,262‌
55,668
TKO
Group
Holdings,
Inc
5,270,090‌
117,635
(a)
TripAdvisor,
Inc
3,097,330‌
85,679
(a)
TrueCar,
Inc
226,193‌
106,282
(a)
Vimeo,
Inc
381,552‌
1,615,994
Walt
Disney
Co
179,536,933‌
1,942,316
(a)
Warner
Bros
Discovery,
Inc
14,295,446‌
39,638
(a)
WideOpenWest,
Inc
141,508‌
56,188
(a)
Yelp,
Inc
2,261,005‌
39,402
(a)
Ziff
Davis,
Inc
1,974,434‌
61,686
(a)
ZipRecruiter,
Inc
634,132‌
267,681
(a)
ZoomInfo
Technologies,
Inc
4,245,421‌
TOTAL
MEDIA
&
ENTERTAINMENT
3,261,737,774‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.2
%
83,340
(a)
10X
Genomics,
Inc
2,440,195‌
16,011
(a),(b)
2seventy
bio,
Inc
73,010‌
30,824
(a)
4D
Molecular
Therapeutics,
Inc
737,618‌
53,283
(a)
89bio,
Inc
453,438‌
1,552,205
AbbVie,
Inc
252,450,621‌
88,298
(a)
Acadia
Pharmaceuticals,
Inc
1,475,460‌
60,846
(a),(b)
ACELYRIN,
Inc
254,336‌
44,287
(a),(b)
Aclaris
Therapeutics,
Inc
53,587‌
50,315
(a),(b)
Actinium
Pharmaceuticals,
Inc
387,425‌
118,561
(a)
Adaptive
Biotechnologies
Corp
310,630‌
107,838
(a),(b)
Adicet
Bio,
Inc
160,679‌
144,109
(a)
ADMA
Biologics,
Inc
939,591‌
23,668
(a)
Aerovate
Therapeutics,
Inc
473,597‌
27,158
(a),(b)
Agenus,
Inc
329,155‌
259,425
Agilent
Technologies,
Inc
35,551,602‌
42,139
(a)
Agios
Pharmaceuticals,
Inc
1,369,517‌
38,286
(a)
Akero
Therapeutics,
Inc
761,509‌
7,279
(a),(b)
Akoya
Biosciences,
Inc
27,806‌
40,430
(a),(b)
Aldeyra
Therapeutics,
Inc
159,294‌
42,029
(a)
Alector,
Inc
213,507‌
130,128
(a)
Alkermes
plc
3,193,341‌
85,288
(a),(b)
Allakos,
Inc
89,552‌
49,804
(a)
Allogene
Therapeutics,
Inc
137,459‌
111,150
(a)
Alnylam
Pharmaceuticals,
Inc
16,000,043‌
33,586
(a)
Alpine
Immune
Sciences,
Inc
2,169,320‌
98,040
(a),(b)
Altimmune,
Inc
642,162‌
56,031
(a),(b)
ALX
Oncology
Holdings,
Inc
953,648‌
467,710
Amgen,
Inc
128,124,477‌
265,666
(a)
Amicus
Therapeutics,
Inc
2,654,003‌
87,784
(a)
Amneal
Pharmaceuticals,
Inc
531,093‌
28,740
(a)
Amphastar
Pharmaceuticals,
Inc
1,185,525‌
40,220
(a)
Amylyx
Pharmaceuticals,
Inc
72,798‌
15,332
(a),(b)
AnaptysBio,
Inc
373,181‌
45,302
(a),(b)
Anavex
Life
Sciences
Corp
165,352‌
16,713
(a)
ANI
Pharmaceuticals,
Inc
1,103,058‌
10,900
(a)
Anika
Therapeutics,
Inc
282,201‌
117,303
(a)
Annexon,
Inc
533,729‌
89,116
(a)
Apellis
Pharmaceuticals,
Inc
3,938,036‌
37,983
(a),(b)
Apogee
Therapeutics,
Inc
1,910,545‌
62,957
(a),(b)
Arbutus
Biopharma
Corp
171,873‌
35,592
(a)
Arcellx,
Inc
1,780,312‌
6,860
(a)
Arcturus
Therapeutics
Holdings,
Inc
175,410‌
33,215
(a)
Arcus
Biosciences,
Inc
505,864‌
Equity
Index
Fund
April
30,
2024
48
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
72,609
(a)
Arcutis
Biotherapeutics,
Inc
$
604,107‌
185,422
(a)
Ardelyx,
Inc
1,186,701‌
112,071
(a)
Arrowhead
Pharmaceuticals,
Inc
2,535,046‌
63,898
(a),(b)
ARS
Pharmaceuticals,
Inc
555,913‌
34,621
(a)
Arvinas,
Inc
1,099,909‌
64,725
(a),(b)
Assertio
Holdings,
Inc
57,288‌
40,817
(a)
Astria
Therapeutics,
Inc
374,700‌
146,157
(a)
Atea
Pharmaceuticals,
Inc
540,781‌
21,983
(a)
Aura
Biosciences,
Inc
162,674‌
103,661
(a)
Aurinia
Pharmaceuticals,
Inc
527,634‌
568,078
(a)
Avantor,
Inc
13,764,530‌
45,157
(a)
Avid
Bioservices,
Inc
344,548‌
76,838
(a)
Avidity
Biosciences,
Inc
1,854,101‌
24,845
(a),(b)
Avita
Medical,
Inc
208,698‌
34,184
(a),(b)
Axsome
Therapeutics,
Inc
2,521,412‌
49,100
(a)
Beam
Therapeutics,
Inc
1,041,902‌
104,167
(a)
BioAtla,
Inc
234,897‌
132,467
(a)
BioCryst
Pharmaceuticals,
Inc
547,089‌
125,092
(a)
Biogen,
Inc
26,872,263‌
54,714
(a)
Biohaven
Ltd
2,122,903‌
17,772
(a)
BioLife
Solutions,
Inc
311,721‌
169,848
(a)
BioMarin
Pharmaceutical,
Inc
13,716,924‌
16,998
(a),(b)
Biomea
Fusion,
Inc
182,559‌
18,401
(a)
Bio-Rad
Laboratories,
Inc
(Class
A)
4,963,670‌
129,981
Bio-Techne
Corp
8,216,099‌
117,035
(a),(b)
Bluebird
Bio,
Inc
103,822‌
55,914
(a)
Blueprint
Medicines
Corp
5,107,185‌
90,358
(a)
Bridgebio
Pharma,
Inc
2,314,972‌
1,806,289
Bristol-Myers
Squibb
Co
79,368,339‌
56,174
(a)
Brooks
Automation,
Inc
2,946,888‌
88,086
Bruker
BioSciences
Corp
6,871,589‌
32,181
(a)
Cabaletta
Bio,
Inc
342,567‌
31,788
(a),(b)
Cara
Therapeutics,
Inc
23,901‌
36,257
(a),(b)
CareDx,
Inc
281,354‌
17,292
(a)
Cargo
Therapeutics,
Inc
330,277‌
134,961
(a)
Caribou
Biosciences,
Inc
489,908‌
46,512
(a),(b)
Carisma
Therapeutics,
Inc
75,815‌
31,847
(a),(b)
Cassava
Sciences,
Inc
705,411‌
162,660
(a)
Catalent,
Inc
9,084,561‌
73,978
(a)
Catalyst
Pharmaceuticals,
Inc
1,113,369‌
33,029
(a)
Celldex
Therapeutics,
Inc
1,235,945‌
32,063
(a),(b)
Century
Therapeutics,
Inc
93,303‌
72,952
(a)
Cerevel
Therapeutics
Holdings,
Inc
3,115,780‌
18,311
(a)
CG
oncology,
Inc
735,919‌
42,197
(a)
Charles
River
Laboratories
International,
Inc
9,663,113‌
62,303
(a),(c)
Chinook
Therapeutics,
Inc
24,298‌
320,000
(a),(b)
Citius
Pharmaceuticals,
Inc
238,816‌
179,971
(a)
Codexis,
Inc
523,716‌
87,080
(a)
Cogent
Biosciences,
Inc
566,020‌
27,222
(a)
Collegium
Pharmaceutical,
Inc
1,005,308‌
119,048
(a),(b)
Compass
Therapeutics,
Inc
171,429‌
72,910
(a)
Corcept
Therapeutics,
Inc
1,700,261‌
72,860
(a),(b)
CorMedix,
Inc
382,879‌
73,540
(a)
Crinetics
Pharmaceuticals,
Inc
3,222,523‌
29,602
(a)
CryoPort,
Inc
479,256‌
99,010
(a),(b)
Cue
Biopharma,
Inc
188,119‌
18,878
(a)
Cullinan
Oncology,
Inc
509,895‌
93,386
(a)
Cytek
Biosciences,
Inc
561,250‌
83,464
(a)
Cytokinetics,
Inc
5,118,012‌
582,320
Danaher
Corp
143,611,758‌
53,454
(a)
Day
One
Biopharmaceuticals,
Inc
914,063‌
28,615
(a)
Deciphera
Pharmaceuticals,
Inc
723,101‌
101,941
(a)
Denali
Therapeutics,
Inc
1,573,969‌
49
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
90,410
(a)
Design
Therapeutics,
Inc
$
318,243‌
7,551
(a)
Disc
Medicine,
Inc
210,220‌
103,603
(a),(b)
Dynavax
Technologies
Corp
1,177,966‌
70,121
(a)
Dyne
Therapeutics,
Inc
1,774,763‌
10,847
(a),(b)
Eagle
Pharmaceuticals,
Inc
44,364‌
72,629
(a)
Edgewise
Therapeutics,
Inc
1,302,964‌
76,006
(a)
Editas
Medicine,
Inc
395,991‌
406,143
(a)
Elanco
Animal
Health,
Inc
5,344,842‌
744,288
Eli
Lilly
&
Co
581,363,357‌
16,480
(a)
Enanta
Pharmaceuticals,
Inc
226,435‌
19,880
(a),(b)
Enliven
Therapeutics,
Inc
345,713‌
194,484
(a)
Erasca,
Inc
390,913‌
21,778
(a)
Evolus,
Inc
256,327‌
155,554
(a)
Exact
Sciences
Corp
9,232,130‌
312,634
(a)
Exelixis,
Inc
7,334,394‌
23,505
(a)
EyePoint
Pharmaceuticals,
Inc
413,688‌
127,905
(a)
Fate
Therapeutics,
Inc
505,225‌
14,252
(a),(b)
Foghorn
Therapeutics,
Inc
77,816‌
75,830
(a)
Fortrea
Holdings,
Inc
2,774,620‌
75,916
(a),(b)
Generation
Bio
Co
214,842‌
423,644
(a)
Geron
Corp
1,664,921‌
1,100,798
Gilead
Sciences,
Inc
71,772,030‌
104,921
(a)
Halozyme
Therapeutics,
Inc
3,997,490‌
22,623
(a)
Harmony
Biosciences
Holdings,
Inc
699,277‌
21,426
(a),(b)
Harrow
Health,
Inc
218,331‌
67,454
(a)
Harvard
Bioscience,
Inc
257,674‌
432,671
(a),(b)
Heron
Therapeutics,
Inc
1,003,797‌
74,075
(a)
ICON
plc
22,065,461‌
45,648
(a)
Ideaya
Biosciences,
Inc
1,855,591‌
21,368
(a),(b)
IGM
Biosciences,
Inc
205,774‌
136,690
(a)
Illumina,
Inc
16,819,705‌
228,670
(a),(b)
ImmunityBio,
Inc
1,827,073‌
37,763
(a)
Immunovant,
Inc
1,036,217‌
160,716
(a)
Incyte
Corp
8,365,268‌
20,258
(a)
Inhibrx,
Inc
689,582‌
49,340
(a)
Innoviva,
Inc
745,527‌
69,687
(a),(b)
Inozyme
Pharma,
Inc
307,320‌
105,641
(a)
Insmed,
Inc
2,611,446‌
86,438
(a)
Intellia
Therapeutics,
Inc
1,849,773‌
83,591
(a)
Intra-Cellular
Therapies,
Inc
6,002,670‌
127,693
(a)
Ionis
Pharmaceuticals,
Inc
5,268,613‌
274,874
(a)
Iovance
Biotherapeutics,
Inc
3,238,016‌
162,861
(a)
IQVIA
Holdings,
Inc
37,746,294‌
115,967
(a)
Ironwood
Pharmaceuticals,
Inc
898,744‌
14,777
(a)
iTeos
Therapeutics,
Inc
158,705‌
24,181
(a),(b)
Janux
Therapeutics,
Inc
1,378,317‌
53,458
(a)
Jazz
Pharmaceuticals
plc
5,920,473‌
2,117,794
Johnson
&
Johnson
306,211,834‌
16,585
(a)
KalVista
Pharmaceuticals,
Inc
188,240‌
249,164
(a),(b)
Karyopharm
Therapeutics,
Inc
256,639‌
31,056
(a)
Keros
Therapeutics,
Inc
1,751,248‌
195,318
(a),(b)
Kezar
Life
Sciences,
Inc
161,040‌
21,130
(a)
Kiniksa
Pharmaceuticals
Ltd
395,554‌
75,293
(a),(b)
Kodiak
Sciences,
Inc
241,691‌
18,034
(a)
Krystal
Biotech,
Inc
2,761,366‌
46,117
(a)
Kura
Oncology,
Inc
904,816‌
24,582
(a)
Kymera
Therapeutics,
Inc
826,447‌
55,069
(a)
Lexicon
Pharmaceuticals,
Inc
84,806‌
10,998
(a)
Ligand
Pharmaceuticals,
Inc
(Class
B)
768,650‌
270,271
(a),(b)
Lineage
Cell
Therapeutics,
Inc
294,595‌
61,737
(a)
Liquidia
Corp
793,320‌
71,699
(a)
Longboard
Pharmaceuticals,
Inc
1,527,189‌
256,359
(a),(b)
Lyell
Immunopharma,
Inc
556,299‌
Equity
Index
Fund
April
30,
2024
50
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
79,601
(a)
MacroGenics,
Inc
$
1,176,503‌
12,049
(a)
Madrigal
Pharmaceuticals,
Inc
2,458,237‌
180,755
(a)
MannKind
Corp
742,903‌
84,535
(a)
Maravai
LifeSciences
Holdings,
Inc
693,187‌
68,933
(a),(b)
MaxCyte,
Inc
250,227‌
21,610
(a)
Medpace
Holdings,
Inc
8,392,244‌
76,280
(a)
MeiraGTx
Holdings
plc
372,246‌
2,230,647
Merck
&
Co,
Inc
288,244,205‌
3,546
Mesa
Laboratories,
Inc
376,160‌
19,553
(a)
Mettler-Toledo
International,
Inc
24,044,324‌
81,129
(a)
MiMedx
Group,
Inc
499,755‌
29,905
(a),(b)
Mirum
Pharmaceuticals,
Inc
750,915‌
294,753
(a)
Moderna,
Inc
32,514,203‌
31,239
(a),(b)
Monte
Rosa
Therapeutics,
Inc
166,191‌
25,612
(a)
Morphic
Holding,
Inc
698,439‌
13,012
(a)
Mural
Oncology
PLC
48,144‌
63,827
(a)
Myriad
Genetics,
Inc
1,249,094‌
88,465
(a)
Natera,
Inc
8,216,629‌
96,721
(a)
Nautilus
Biotechnology,
Inc
245,671‌
81,997
(a)
Neurocrine
Biosciences,
Inc
11,277,867‌
34,251
(a),(b)
Nkarta,
Inc
228,797‌
88,065
(a),(b)
Novavax,
Inc
381,321‌
22,935
(a)
Nurix
Therapeutics,
Inc
275,679‌
16,703
(a)
Nuvalent,
Inc
1,150,503‌
159,982
(a)
Nuvation
Bio,
Inc
478,346‌
191,187
(a)
Ocular
Therapeutix,
Inc
906,226‌
47,004
(a)
Olema
Pharmaceuticals,
Inc
478,031‌
4,311
(a),(c)
OmniAb
Operations,
Inc
43‌
4,311
(a),(c)
OmniAb
Operations,
Inc
43‌
53,842
(a)
OmniAb,
Inc
239,058‌
64,901
(a)
Organogenesis
Holdings,
Inc
152,517‌
226,332
Organon
&
Co
4,212,039‌
61,634
(a),(b)
ORIC
Pharmaceuticals,
Inc
544,228‌
32,703
(a)
Pacira
BioSciences,
Inc
858,454‌
67,002
(a),(b)
PDS
Biotechnology
Corp
224,457‌
107,305
PerkinElmer,
Inc
10,995,543‌
128,070
Perrigo
Co
plc
4,182,766‌
4,972,785
Pfizer,
Inc
127,402,752‌
53,110
(a),(b)
Phathom
Pharmaceuticals,
Inc
479,583‌
15,122
Phibro
Animal
Health
Corp
252,537‌
47,531
(a)
Pliant
Therapeutics,
Inc
561,816‌
84,589
(a),(b)
PMV
Pharmaceuticals,
Inc
152,260‌
167,365
(a)
Poseida
Therapeutics,
Inc
405,023‌
293,619
(a),(b)
Precigen,
Inc
387,577‌
38,952
(a)
Prestige
Consumer
Healthcare,
Inc.
2,795,196‌
32,206
(a),(b)
Prime
Medicine,
Inc
158,454‌
53,801
(a),(b)
ProKidney
Corp
111,099‌
38,156
(a)
Protagonist
Therapeutics,
Inc
958,097‌
176,992
(a),(b)
Protalix
BioTherapeutics,
Inc
201,771‌
31,004
(a)
Prothena
Corp
plc
630,621‌
72,077
(a)
PTC
Therapeutics,
Inc
2,317,276‌
219,182
QIAGEN
NV
9,277,974‌
22,482
(a)
Quanterix
Corp
362,410‌
104,376
(a),(b)
Quantum-Si,
Inc
168,045‌
29,554
(a)
RAPT
Therapeutics,
Inc
227,566‌
237,085
(a),(b)
Recursion
Pharmaceuticals,
Inc
1,854,005‌
90,642
(a)
Regeneron
Pharmaceuticals,
Inc
80,731,204‌
27,410
(a)
REGENXBIO,
Inc
420,744‌
100,692
(a)
Relay
Therapeutics,
Inc
656,512‌
50,015
(a)
Repligen
Corp
8,212,463‌
36,059
(a)
Replimune
Group,
Inc
228,975‌
86,595
(a)
Revance
Therapeutics,
Inc
312,608‌
118,190
(a)
REVOLUTION
Medicines,
Inc
4,406,123‌
51
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
44,362
(a)
Rhythm
Pharmaceuticals,
Inc
$
1,763,833‌
195,741
(a)
Rigel
Pharmaceuticals,
Inc
205,528‌
53,934
(a)
Rocket
Pharmaceuticals,
Inc
1,160,660‌
310,106
(a)
Roivant
Sciences
Ltd
3,380,155‌
330,537
Royalty
Pharma
plc
9,155,875‌
38,930
(a)
Sage
Therapeutics,
Inc
542,684‌
102,323
(a),(b)
Sana
Biotechnology,
Inc
920,907‌
423,937
(a)
Sangamo
Therapeutics
Inc
218,285‌
77,287
(a)
Sarepta
Therapeutics,
Inc
9,789,171‌
45,403
(a)
Scholar
Rock
Holding
Corp
666,062‌
36,497
(a),(b)
scPharmaceuticals,
Inc
163,142‌
70,074
(a),(b)
Seer,
Inc
145,754‌
11,020
(a),(b)
Selecta
Biosciences,
Inc
243,211‌
46,544
SIGA
Technologies,
Inc
408,656‌
60,297
(a),(b),(c)
Sorrento
Therapeutics,
Inc
48,337‌
72,803
(a)
Sotera
Health
Co
815,394‌
49,435
(a)
SpringWorks
Therapeutics,
Inc
2,308,120‌
13,804
(a)
Stoke
Therapeutics,
Inc
152,258‌
162,602
(a),(b)
Summit
Therapeutics,
Inc
639,026‌
34,780
(a)
Supernus
Pharmaceuticals,
Inc
1,046,878‌
105,693
(a)
Sutro
Biopharma,
Inc
358,828‌
43,274
(a)
Syndax
Pharmaceuticals,
Inc
914,380‌
118,299
(a)
Tango
Therapeutics,
Inc
910,902‌
25,050
(a)
Tarsus
Pharmaceuticals,
Inc
787,322‌
69,998
(a),(b)
Tenaya
Therapeutics,
Inc
317,791‌
37,282
(a)
Terns
Pharmaceuticals,
Inc
188,274‌
119,821
(a)
TG
Therapeutics,
Inc
1,636,755‌
38,181
(a),(b)
Theravance
Biopharma,
Inc
322,248‌
339,498
Thermo
Fisher
Scientific,
Inc
193,079,303‌
43,527
(a)
Travere
Therapeutics,
Inc
240,704‌
63,216
(a)
Twist
Bioscience
Corp
1,974,236‌
63,606
(a)
Ultragenyx
Pharmaceutical,
Inc
2,705,799‌
38,931
(a)
United
Therapeutics
Corp
9,122,701‌
34,218
(a),(b)
UroGen
Pharma
Ltd
472,893‌
42,360
(a)
Vanda
Pharmaceuticals,
Inc
201,634‌
95,237
(a)
Vaxcyte,
Inc
5,766,600‌
40,027
(a)
Ventyx
Biosciences,
Inc
149,701‌
44,316
(a)
Vera
Therapeutics,
Inc
1,750,925‌
49,459
(a)
Veracyte,
Inc
967,913‌
34,319
(a)
Vericel
Corp
1,574,213‌
66,556
(a),(b)
Verrica
Pharmaceuticals,
Inc
463,563‌
227,354
(a)
Vertex
Pharmaceuticals,
Inc
89,306,925‌
127,825
(a)
Verve
Therapeutics,
Inc
768,228‌
1,053,279
Viatris,
Inc
12,186,438‌
102,908
(a)
Viking
Therapeutics,
Inc
8,189,419‌
56,000
(a)
Vir
Biotechnology,
Inc
473,760‌
69,084
(a)
Viridian
Therapeutics,
Inc
916,054‌
28,592
(a)
Voyager
Therapeutics,
Inc
223,589‌
49,469
(a)
Waters
Corp
15,287,900‌
95,239
(a),(b)
WaVe
Life
Sciences
Ltd
469,528‌
64,445
West
Pharmaceutical
Services,
Inc
23,037,799‌
195,122
(a),(b)
X4
Pharmaceuticals,
Inc
218,537‌
42,278
(a)
Xencor,
Inc
885,301‌
159,431
(a)
Xeris
Biopharma
Holdings,
Inc
279,004‌
79,410
(a),(b)
Y-mAbs
Therapeutics,
Inc
1,207,826‌
29,698
(a)
Zentalis
Pharmaceuticals,
Inc
328,460‌
64,413
(a),(b)
Zevra
Therapeutics,
Inc
295,012‌
406,633
Zoetis,
Inc
64,752,239‌
47,733
(a)
Zymeworks,
Inc
409,549‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
3,093,729,030‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.1
%
95,865
(a)
Anywhere
Real
Estate,
Inc
465,904‌
Equity
Index
Fund
April
30,
2024
52
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT—continued
268,254
(a)
CBRE
Group,
Inc
$
23,308,590‌
101,856
(a)
Compass,
Inc
320,846‌
131,968
(a)
Cushman
&
Wakefield
plc
1,273,491‌
114,921
DigitalBridge
Group,
Inc
1,889,301‌
54,804
Douglas
Elliman,
Inc
74,533‌
52,530
(b)
eXp
World
Holdings,
Inc
523,199‌
23,024
(a)
Forestar
Group,
Inc
713,514‌
12,216
(a)
FRP
Holdings,
Inc
370,267‌
32,582
(a)
Howard
Hughes
Holdings,
Inc
2,123,043‌
44,481
(a)
Jones
Lang
LaSalle,
Inc
8,037,717‌
159,327
Kennedy-Wilson
Holdings,
Inc
1,368,619‌
20,898
Marcus
&
Millichap,
Inc
661,840‌
137,987
Newmark
Group,
Inc
1,320,536‌
563,538
(a)
Opendoor
Technologies,
Inc
1,121,441‌
22,322
(b)
Re/Max
Holdings,
Inc
156,700‌
111,352
(a),(b)
Redfin
Corp
624,685‌
11,719
RMR
Group,
Inc
277,975‌
37,446
St.
Joe
Co
2,141,911‌
23,298
(a)
Tejon
Ranch
Co
390,940‌
44,172
(a)
Zillow
Group,
Inc
(Class
A)
1,855,224‌
136,927
(a)
Zillow
Group,
Inc
(Class
C)
5,828,982‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
54,849,258‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
8
.9
%
37,003
(a)
ACM
Research,
Inc
944,317‌
1,410,199
(a)
Advanced
Micro
Devices,
Inc
223,347,318‌
22,266
(a),(b)
Aehr
Test
Systems
266,747‌
67,906
(a)
Allegro
MicroSystems,
Inc
2,016,129‌
15,596
(a)
Alpha
&
Omega
Semiconductor
Ltd
341,084‌
29,077
(a)
Ambarella,
Inc
1,336,670‌
99,807
Amkor
Technology,
Inc
3,228,756‌
433,695
Analog
Devices,
Inc
87,003,554‌
733,797
Applied
Materials,
Inc
145,768,774‌
15,755
(a),(b)
Atomera,
Inc
73,103‌
27,218
(a)
Axcelis
Technologies,
Inc
2,817,607‌
379,285
Broadcom,
Inc
493,172,907‌
17,022
(a)
Ceva,
Inc
345,036‌
47,822
(a)
Cirrus
Logic,
Inc
4,235,594‌
44,780
(a)
Cohu,
Inc
1,357,730‌
80,467
(a)
Credo
Technology
Group
Holding
Ltd
1,437,945‌
41,045
(a)
Diodes,
Inc
2,996,695‌
112,336
(a)
Enphase
Energy,
Inc
12,217,663‌
128,417
Entegris,
Inc
17,069,188‌
96,611
(a)
First
Solar,
Inc
17,032,519‌
63,486
(a)
Formfactor,
Inc
2,830,841‌
61,427
(a),(b)
GLOBALFOUNDRIES,
Inc
3,002,552‌
20,679
(a)
Ichor
Holdings
Ltd
801,932‌
20,869
(a)
Impinj,
Inc
3,326,101‌
120,636
(a),(b)
indie
Semiconductor,
Inc
677,974‌
3,713,104
Intel
Corp
113,138,279‌
121,774
KLA
Corp
83,937,600‌
47,086
Kulicke
&
Soffa
Industries,
Inc
2,179,140‌
116,364
Lam
Research
Corp
104,077,125‌
116,584
(a)
Lattice
Semiconductor
Corp
7,997,662‌
42,484
(a)
MACOM
Technology
Solutions
Holdings,
Inc
4,331,244‌
766,549
Marvell
Technology,
Inc
50,523,245‌
21,827
(a),(b)
Maxeon
Solar
Technologies
Ltd
42,563‌
86,600
(a)
MaxLinear,
Inc
1,800,414‌
482,913
Microchip
Technology,
Inc
44,418,338‌
953,956
Micron
Technology,
Inc
107,758,870‌
53,916
MKS
Instruments,
Inc
6,414,926‌
41,146
Monolithic
Power
Systems,
Inc
27,540,252‌
89,644
(a)
Navitas
Semiconductor
Corp
388,158‌
53
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
4,291
NVE
Corp
$
349,287‌
2,092,981
Nvidia
Corp
1,808,377,444‌
381,159
(a)
ON
Semiconductor
Corp
26,742,115‌
47,617
(a)
Onto
Innovation,
Inc
8,832,477‌
36,332
(a)
PDF
Solutions,
Inc
1,092,867‌
49,870
(a)
Photronics,
Inc
1,366,937‌
46,429
Power
Integrations,
Inc
3,097,743‌
84,782
(a)
Qorvo,
Inc
9,905,929‌
981,752
QUALCOMM,
Inc
162,823,569‌
95,117
(a)
Rambus,
Inc
5,214,314‌
50,739
(a)
Semtech
Corp
1,908,801‌
28,202
(a)
Silicon
Laboratories,
Inc
3,426,261‌
21,464
(a)
SiTime
Corp
1,912,872‌
3,754
(a),(b)
SkyWater
Technology,
Inc
38,516‌
146,579
Skyworks
Solutions,
Inc
15,623,856‌
35,747
(a)
SMART
Global
Holdings,
Inc
653,098‌
30,232
(a)
Synaptics,
Inc
2,719,671‌
137,274
Teradyne,
Inc
15,967,712‌
798,397
Texas
Instruments,
Inc
140,853,199‌
31,853
(a)
Ultra
Clean
Holdings
1,332,411‌
41,731
Universal
Display
Corp
6,592,663‌
37,057
(a)
Veeco
Instruments,
Inc
1,309,594‌
104,946
(a),(b)
Wolfspeed,
Inc
2,836,690‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
3,805,174,578‌
SOFTWARE
&
SERVICES
-
11
.5
%
78,314
(a)
8x8,
Inc
173,074‌
60,250
A10
Networks,
Inc
786,865‌
555,542
Accenture
plc
167,168,143‌
97,431
(a)
ACI
Worldwide,
Inc
3,322,397‌
76,196
Adeia,
Inc
749,769‌
399,124
(a)
Adobe,
Inc
184,726,561‌
16,094
(a)
Agilysys,
Inc
1,336,607‌
131,419
(a)
Akamai
Technologies,
Inc
13,264,120‌
39,936
(a)
Alarm.com
Holdings,
Inc
2,655,744‌
20,413
(a)
Alkami
Technology,
Inc
491,341‌
41,477
(a)
Altair
Engineering,
Inc
3,336,825‌
111,518
Amdocs
Ltd
9,366,397‌
26,922
American
Software,
Inc
(Class
A)
272,181‌
43,168
(a)
Amplitude,
Inc
422,615‌
77,604
(a)
Ansys,
Inc
25,211,988‌
18,081
(a)
Appfolio,
Inc
4,100,409‌
29,215
(a)
Appian
Corp
1,093,810‌
59,350
(a),(b)
Applied
Digital
Corp
160,542‌
173,976
(a)
AppLovin
Corp
12,277,486‌
67,566
(a)
Asana,
Inc
1,004,706‌
24,132
(a)
Aspentech
Corp
4,750,867‌
33,223
(a)
Asure
Software,
Inc
245,518‌
137,487
(a)
Atlassian
Corp
Ltd
23,689,010‌
191,651
(a)
Autodesk,
Inc
40,792,915‌
99,574
(a)
AvePoint,
Inc
773,690‌
168,175
Bentley
Systems,
Inc
8,834,233‌
154,441
(a),(b)
BigBear.ai
Holdings,
Inc
256,372‌
34,963
(a)
BigCommerce
Holdings,
Inc
197,891‌
88,953
(a)
BILL
Holdings,
Inc
5,547,109‌
103,897
(a),(b)
Bit
Digital,
Inc
211,430‌
41,875
(a)
Blackbaud,
Inc
3,262,900‌
44,539
(a)
BlackLine,
Inc
2,585,489‌
143,236
(a)
Box,
Inc
3,727,001‌
51,645
(a)
Braze,
Inc
2,163,925‌
26,305
(a)
Brightcove,
Inc
46,823‌
89,861
(a),(b)
C3.ai,
Inc
2,024,568‌
238,523
(a)
Cadence
Design
Systems,
Inc
65,744,094‌
Equity
Index
Fund
April
30,
2024
54
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
189,951
(a)
CCC
Intelligent
Solutions
Holdings,
Inc
$
2,131,250‌
27,699
(a)
Cerence,
Inc
252,338‌
122,132
(a)
Ceridian
HCM
Holding,
Inc
7,495,241‌
134,681
(a)
Cipher
Mining,
Inc
501,013‌
186,190
(a)
Cleanspark,
Inc
3,049,792‌
70,549
Clear
Secure,
Inc
1,232,491‌
257,398
(a)
Cloudflare,
Inc
22,496,585‌
450,663
Cognizant
Technology
Solutions
Corp
(Class
A)
29,599,546‌
37,055
(a)
Commvault
Systems,
Inc
3,797,026‌
160,229
(a)
Confluent,
Inc
4,505,639‌
10,805
(a)
Consensus
Cloud
Solutions,
Inc
125,770‌
15,361
(a),(b)
CoreCard
Corp
184,025‌
23,147
(a)
Couchbase,
Inc
558,769‌
190,194
(a)
Crowdstrike
Holdings,
Inc
55,639,353‌
9,431
(a)
CS
Disco,
Inc
71,204‌
238,247
(a)
Datadog,
Inc
29,899,998‌
9,840
(a),(b)
Digimarc
Corp
208,018‌
86,742
(a)
Digital
Turbine,
Inc
165,677‌
58,947
(a),(b)
DigitalOcean
Holdings,
Inc
1,936,998‌
178,126
(a)
DocuSign,
Inc
10,081,932‌
50,425
Dolby
Laboratories,
Inc
(Class
A)
3,916,005‌
20,233
(a)
Domo,
Inc
152,354‌
129,394
(a)
DoubleVerify
Holdings,
Inc
3,791,244‌
231,906
(a)
Dropbox,
Inc
5,370,943‌
198,360
(a)
DXC
Technology
Co
3,866,036‌
208,849
(a)
Dynatrace,
Inc
9,462,948‌
147,811
(a)
E2open
Parent
Holdings,
Inc
716,883‌
16,495
(a)
eGain
Corp
102,434‌
66,063
(a)
Elastic
NV
6,752,960‌
15,834
(a)
Enfusion,
Inc
147,415‌
42,067
(a)
Envestnet,
Inc
2,611,099‌
48,388
(a)
EPAM
Systems,
Inc
11,383,761‌
27,606
(a)
Everbridge,
Inc
959,309‌
11,244
(a)
EverCommerce,
Inc
101,196‌
52,220
(a)
Expensify,
Inc
83,552‌
21,576
(a)
Fair
Isaac
Corp
24,452,728‌
136,530
(a)
Fastly,
Inc
1,727,105‌
57,264
(a)
Five9,
Inc
3,296,688‌
589,467
(a)
Fortinet,
Inc
37,242,525‌
135,508
(a)
Freshworks,
Inc
2,418,818‌
68,808
(a)
Gartner,
Inc
28,389,493‌
505,961
Gen
Digital,
Inc
10,190,055‌
76,243
(a)
Gitlab,
Inc
4,000,470‌
35,199
(a)
Globant
S.A.
6,286,189‌
138,411
(a)
GoDaddy,
Inc
16,938,738‌
32,650
(a)
Grid
Dynamics
Holdings,
Inc
318,991‌
65,057
(a)
Guidewire
Software,
Inc
7,182,293‌
37,219
Hackett
Group,
Inc
807,280‌
79,654
(a)
HashiCorp,
Inc
2,585,569‌
40,628
(a)
HubSpot,
Inc
24,574,658‌
23,979
(a)
Informatica,
Inc
742,630‌
24,400
(a)
Instructure
Holdings,
Inc
466,772‌
40,197
(a)
Intapp,
Inc
1,242,891‌
24,224
(b)
InterDigital,
Inc
2,391,636‌
798,653
International
Business
Machines
Corp
132,736,129‌
241,946
Intuit,
Inc
151,366,257‌
51,838
(a)
Jamf
Holding
Corp
1,009,286‌
182,043
(a)
Kyndryl
Holdings,
Inc
3,578,965‌
253,579
(a),(b)
Liveperson,
Inc
127,018‌
48,520
(a)
LiveRamp
Holdings,
Inc
1,557,977‌
56,829
(a)
Manhattan
Associates,
Inc
11,710,184‌
188,967
(a)
Marathon
Digital
Holdings,
Inc
3,034,810‌
273,528
(a),(b)
Matterport,
Inc
1,258,229‌
55
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
28,276
(a)
MeridianLink,
Inc
$
471,644‌
6,553,750
Microsoft
Corp
2,551,571,489‌
12,943
(a),(b)
MicroStrategy,
Inc
(Class
A)
13,784,683‌
31,026
(a)
Mitek
Systems,
Inc
391,858‌
25,985
(a)
Model
N,
Inc
770,455‌
59,634
(a)
MongoDB,
Inc
21,777,144‌
52,627
(a)
N-able,
Inc
645,207‌
58,836
(a)
nCino
OpCo,
Inc
1,715,658‌
111,377
(a)
NCR
Corp
1,364,368‌
220,644
(a)
Nutanix,
Inc
13,393,091‌
133,403
(a)
Okta,
Inc
12,403,811‌
69,602
(a)
Olo,
Inc
334,090‌
19,455
ON24,
Inc
128,208‌
25,278
(a)
OneSpan,
Inc
273,508‌
1,357,076
Oracle
Corp
154,367,395‌
65,121
(a)
PagerDuty,
Inc
1,299,815‌
1,706,482
(a)
Palantir
Technologies,
Inc
37,491,410‌
267,349
(a)
Palo
Alto
Networks,
Inc
77,769,151‌
60,529
(a)
Paycor
HCM,
Inc
1,051,389‌
37,253
(a)
Paylocity
Holding
Corp
5,780,175‌
30,445
Pegasystems,
Inc
1,809,042‌
26,540
(a)
Perficient,
Inc
1,254,280‌
39,914
(a)
PowerSchool
Holdings,
Inc
691,310‌
65,773
(a)
Procore
Technologies,
Inc
4,500,189‌
35,100
Progress
Software
Corp
1,748,682‌
29,988
(a)
PROS
Holdings,
Inc
982,107‌
100,282
(a)
PTC,
Inc
17,794,038‌
40,058
(a)
Q2
Holdings,
Inc
2,058,581‌
33,850
(a)
Qualys,
Inc
5,548,354‌
45,920
(a)
Rapid7,
Inc
2,057,216‌
38,512
(a)
Rimini
Street,
Inc
102,442‌
61,567
(a)
RingCentral,
Inc
1,823,615‌
151,823
(a)
Riot
Platforms,
Inc
1,534,931‌
92,040
Roper
Industries,
Inc
47,074,778‌
826,922
Salesforce,
Inc
222,392,403‌
37,443
Sapiens
International
Corp
NV
1,153,244‌
234,223
(a)
SentinelOne,
Inc
4,949,132‌
178,737
(a)
ServiceNow,
Inc
123,923,724‌
114,903
(a)
Smartsheet,
Inc
4,346,780‌
275,384
(a)
Snowflake,
Inc
42,739,597‌
26,865
SolarWinds
Corp
296,052‌
122,690
(a),(b)
SoundHound
AI,
Inc
520,206‌
6,623
(a)
SoundThinking,
Inc
88,483‌
69,477
(a)
Sprinklr,
Inc
812,186‌
56,116
(a)
Sprout
Social,
Inc
2,831,052‌
35,737
(a)
SPS
Commerce,
Inc
6,213,592‌
38,742
(a)
Squarespace,
Inc
1,350,546‌
134,780
(a)
Synopsys,
Inc
71,512,920‌
110,077
(a)
Tenable
Holdings,
Inc
4,950,163‌
85,041
(a)
Teradata
Corp
3,155,021‌
91,450
(a),(b)
Terawulf,
Inc
198,447‌
66,554
(a)
Thoughtworks
Holding,
Inc
154,405‌
381,593
(a)
Trade
Desk,
Inc
31,614,980‌
7,399
(a),(b)
Tucows,
Inc
130,740‌
152,065
(a)
Twilio,
Inc
9,105,652‌
37,702
(a)
Tyler
Technologies,
Inc
17,401,358‌
350,023
(a)
UiPath,
Inc
6,639,936‌
46,333
(a)
Unisys
Corp
251,588‌
249,899
(a)
Unity
Software,
Inc
6,065,049‌
112,868
(a)
Varonis
Systems,
Inc
4,937,975‌
55,349
(a)
Verint
Systems,
Inc
1,675,968‌
82,411
(a)
VeriSign,
Inc
13,967,016‌
8,056
(a)
Viant
Technology,
Inc
70,812‌
Equity
Index
Fund
April
30,
2024
56
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
47,115
(a)
Weave
Communications,
Inc
$
503,659‌
175,163
(a)
Workday,
Inc
42,867,641‌
49,334
(a)
Workiva,
Inc
3,887,519‌
30,478
(a)
Xperi,
Inc
320,324‌
82,017
(a)
Yext,
Inc
450,273‌
86,829
(a)
Zeta
Global
Holdings
Corp
1,073,206‌
224,197
(a)
Zoom
Video
Communications,
Inc
13,698,437‌
75,557
(a)
Zscaler,
Inc
13,066,828‌
82,293
(a)
Zuora,
Inc
811,409‌
TOTAL
SOFTWARE
&
SERVICES
4,947,653,040‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
6
.8
%
63,108
(a),(b)
908
Devices,
Inc
359,716‌
83,498
ADTRAN
Holdings,
Inc
365,721‌
28,385
Advanced
Energy
Industries,
Inc
2,720,418‌
15,785
(a),(b)
Aeva
Technologies,
Inc
49,249‌
31,826
(a),(b)
Akoustis
Technologies,
Inc
18,685‌
516,388
Amphenol
Corp
(Class
A)
62,364,179‌
12,852,381
Apple,
Inc
2,189,146,056‌
221,617
(a)
Arista
Networks,
Inc
56,858,058‌
59,735
(a)
Arlo
Technologies,
Inc
739,519‌
53,673
(a)
Arrow
Electronics,
Inc
6,852,432‌
7,088
(a)
Aviat
Networks,
Inc
237,094‌
95,338
Avnet,
Inc
4,659,168‌
29,448
Badger
Meter,
Inc
5,386,628‌
8,535
Bel
Fuse,
Inc
(Class
B)
501,175‌
32,324
Belden
CDT,
Inc
2,626,971‌
27,743
Benchmark
Electronics,
Inc
838,116‌
57,397
(a)
Calix,
Inc
1,591,619‌
7,291
(a),(b)
Cambium
Networks
Corp
24,717‌
122,430
CDW
Corp
29,610,920‌
138,095
(a)
Ciena
Corp
6,384,132‌
3,568,436
Cisco
Systems,
Inc
167,645,123‌
7,427
(a),(b)
Clearfield,
Inc
223,701‌
151,819
Cognex
Corp
6,306,561‌
120,219
(a)
Coherent
Corp
6,567,564‌
670,495
Corning,
Inc
22,381,123‌
19,293
(a)
Corsair
Gaming,
Inc
214,152‌
15,693
(a),(b)
CPI
Card
Group,
Inc
270,704‌
38,580
Crane
NXT
Co
2,346,050‌
23,784
CTS
Corp
1,088,118‌
60,151
(a)
Daktronics,
Inc
568,427‌
23,627
(a)
Digi
International,
Inc
724,404‌
12,279
(a),(b)
DZS,
Inc
12,035‌
41,555
(a)
Eastman
Kodak
Co
186,998‌
19,554
(a)
ePlus,
Inc
1,503,312‌
85,848
(a),(b)
Evolv
Technologies
Holdings,
Inc
335,666‌
109,491
(a)
Extreme
Networks,
Inc
1,226,299‌
50,344
(a)
F5
Networks,
Inc
8,322,367‌
35,610
(a)
Fabrinet
6,163,023‌
14,036
(a)
FARO
Technologies,
Inc
263,175‌
89,756
(a)
Harmonic,
Inc
963,979‌
1,132,379
Hewlett
Packard
Enterprise
Co
19,250,443‌
766,057
HP,
Inc
21,518,541‌
130,507
(a),(b)
Infinera
Corp
629,044‌
29,268
(a)
Insight
Enterprises,
Inc
5,343,459‌
138,657
(a),(b)
IonQ,
Inc
1,185,517‌
27,126
(a)
IPG
Photonics
Corp
2,278,041‌
32,976
(a)
Itron,
Inc
3,037,749‌
109,954
Jabil
Inc
12,904,201‌
278,626
Juniper
Networks,
Inc
9,701,757‌
161,119
(a)
Keysight
Technologies,
Inc
23,835,945‌
14,309
(a)
Kimball
Electronics,
Inc
299,487‌
57
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
61,140
(a)
Knowles
Corp
$
967,846‌
86,567
(a),(b)
Lightwave
Logic,
Inc
330,686‌
22,984
Littelfuse,
Inc
5,301,030‌
55,921
(a)
Lumentum
Holdings,
Inc
2,447,103‌
37,879
(a),(b)
Luna
Innovations,
Inc
78,031‌
28,648
Methode
Electronics,
Inc
349,219‌
128,338
(a),(b)
MicroVision,
Inc
186,090‌
165,626
(a)
Mirion
Technologies,
Inc
1,800,355‌
145,647
Motorola
Solutions,
Inc
49,396,180‌
18,242
Napco
Security
Technologies,
Inc
742,449‌
189,063
NetApp,
Inc
19,324,129‌
23,717
(a)
Netgear,
Inc
350,537‌
52,942
(a)
Netscout
Systems,
Inc
1,019,663‌
31,027
(a)
nLight,
Inc
353,398‌
28,759
(a)
Novanta,
Inc
4,500,784‌
12,545
(a)
OSI
Systems,
Inc
1,648,915‌
17,347
(a),(b)
PAR
Technology
Corp
733,431‌
8,785
PC
Connection,
Inc
544,406‌
21,803
(a)
Plexus
Corp
2,202,321‌
252,114
(a)
Pure
Storage,
Inc
12,706,546‌
56,145
(a)
Ribbon
Communications,
Inc
177,980‌
15,589
(a)
Rogers
Corp
1,856,494‌
46,609
(a)
Sanmina
Corp
2,827,768‌
19,158
(a)
Scansource,
Inc
797,356‌
92,045
(a)
SmartRent,
Inc
213,544‌
42,824
(a)
Super
Micro
Computer,
Inc
36,777,251‌
43,562
TD
SYNNEX
Corp
5,133,346‌
40,888
(a)
Teledyne
Technologies,
Inc
15,597,954‌
231,874
(a)
Trimble
Inc
13,928,671‌
74,357
(a)
TTM
Technologies,
Inc
1,110,150‌
10,648
(a)
Turtle
Beach
Corp
150,137‌
5,384
Ubiquiti,
Inc
579,211‌
114,475
(a)
Viasat,
Inc
1,821,297‌
187,869
(a)
Viavi
Solutions,
Inc
1,484,165‌
109,481
Vishay
Intertechnology,
Inc
2,533,390‌
9,120
(a)
Vishay
Precision
Group,
Inc
300,960‌
125,877
Vontier
Corp
5,114,383‌
269,993
(a)
Western
Digital
Corp
19,123,604‌
99,358
Xerox
Holdings
Corp
1,320,468‌
44,239
(a)
Zebra
Technologies
Corp
(Class
A)
13,915,820‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
2,928,378,606‌
TELECOMMUNICATION
SERVICES
-
0
.8
%
8,133
(a)
Anterix,
Inc
256,352‌
65,360
(a),(b)
AST
SpaceMobile,
Inc
144,446‌
6,271,393
AT&T,
Inc
105,923,828‌
5,649
ATN
International,
Inc
107,783‌
32,094
(a)
Bandwidth,
Inc
584,111‌
49,425
Cogent
Communications
Group,
Inc
3,172,096‌
68,536
(a),(b)
Consolidated
Communications
Holdings,
Inc
296,075‌
122,900
(a)
EchoStar
Corp
(Class
A)
1,965,171‌
226,561
(a)
Frontier
Communications
Parent,
Inc
5,242,621‌
79,189
(a),(c)
GCI
Liberty,
Inc
792‌
522,135
(a),(b)
Globalstar,
Inc
673,554‌
43,200
(a)
Gogo,
Inc
391,392‌
14,644
IDT
Corp
520,448‌
117,764
Iridium
Communications,
Inc
3,625,954‌
26,275
(a)
Liberty
Latin
America
Ltd
(Class
A)
198,376‌
114,989
(a)
Liberty
Latin
America
Ltd
(Class
C)
867,017‌
22,121
(a)
Ooma,
Inc
156,174‌
37,330
Shenandoah
Telecom
Co
478,571‌
30,098
Spok
Holdings,
Inc
465,014‌
88,529
Telephone
and
Data
Systems,
Inc
1,385,479‌
Equity
Index
Fund
April
30,
2024
58
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TELECOMMUNICATION
SERVICES—continued
436,539
T-Mobile
US,
Inc
$
71,666,608‌
3,718,087
Verizon
Communications,
Inc
146,827,256‌
TOTAL
TELECOMMUNICATION
SERVICES
344,949,118‌
TRANSPORTATION
-
1
.7
%
43,466
(a)
Air
Transport
Services
Group,
Inc
557,234‌
114,348
(a)
Alaska
Air
Group,
Inc
4,919,251‌
17,676
Allegiant
Travel
Co
964,403‌
7,165
(a)
Amerco,
Inc
453,043‌
554,601
(a)
American
Airlines
Group,
Inc
7,492,660‌
19,290
ArcBest
Corp
2,139,454‌
18,356
Avis
Budget
Group,
Inc
1,752,080‌
55,909
(a),(b)
Blade
Air
Mobility,
Inc
178,350‌
97,913
CH
Robinson
Worldwide,
Inc
6,951,823‌
46,970
Costamare,
Inc
562,701‌
14,890
Covenant
Logistics
Group,
Inc
672,879‌
1,750,428
CSX
Corp
58,149,218‌
561,695
Delta
Air
Lines,
Inc
28,124,069‌
124,264
Expeditors
International
Washington,
Inc
13,831,826‌
203,680
FedEx
Corp
53,319,350‌
23,219
Forward
Air
Corp
511,282‌
26,026
(a),(b)
Frontier
Group
Holdings,
Inc
157,197‌
119,048
FTAI
Infrastructure,
Inc
861,908‌
22,919
Genco
Shipping
&
Trading
Ltd
489,092‌
94,540
Golden
Ocean
Group
Ltd
1,332,069‌
109,335
(a)
GXO
Logistics,
Inc
5,429,576‌
43,574
(a)
Hawaiian
Holdings,
Inc
553,390‌
62,367
Heartland
Express,
Inc
619,928‌
123,606
(a)
Hertz
Global
Holdings,
Inc
562,407‌
74,214
Hub
Group,
Inc
(Class
A)
2,984,887‌
70,991
JB
Hunt
Transport
Services,
Inc
11,541,007‌
302,364
(a)
JetBlue
Airways
Corp
1,717,428‌
176,209
(a),(b)
Joby
Aviation,
Inc
889,855‌
58,601
(a)
Kirby
Corp
6,395,127‌
139,041
Knight-Swift
Transportation
Holdings,
Inc
6,427,865‌
29,754
Landstar
System,
Inc
5,189,395‌
278,864
(a)
Lyft,
Inc
(Class
A)
4,361,433‌
46,584
Marten
Transport
Ltd
788,201‌
32,216
Matson,
Inc
3,472,241‌
200,460
Norfolk
Southern
Corp
46,169,947‌
174,052
Old
Dominion
Freight
Line
31,626,989‌
5,088
(a)
PAM
Transportation
Services,
Inc
87,157‌
57,721
Pangaea
Logistics
Solutions
Ltd
415,591‌
25,749
(a)
Radiant
Logistics,
Inc
127,200‌
79,951
(a)
RXO,
Inc
1,511,873‌
43,140
Ryder
System,
Inc
5,256,609‌
34,465
(b)
Safe
Bulkers,
Inc
171,980‌
22,323
(a)
Saia,
Inc
8,858,436‌
55,591
Schneider
National,
Inc
1,149,622‌
39,428
(a)
Skywest,
Inc
2,879,427‌
540,162
Southwest
Airlines
Co
14,011,802‌
23,522
(a)
Sun
Country
Airlines
Holdings,
Inc
313,078‌
1,727,057
(a)
Uber
Technologies,
Inc
114,452,067‌
90,651
U-Haul
Holding
Co
5,558,719‌
535,198
Union
Pacific
Corp
126,927,558‌
279,728
(a)
United
Airlines
Holdings,
Inc
14,394,803‌
634,874
United
Parcel
Service,
Inc
(Class
B)
93,631,218‌
7,105
Universal
Truckload
Services,
Inc
317,451‌
46,797
Werner
Enterprises,
Inc
1,600,457‌
95,602
(a)
XPO,
Inc
10,273,391‌
TOTAL
TRANSPORTATION
714,088,004‌
UTILITIES
-
2
.3
%
574,379
AES
Corp
10,281,384‌
59
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
49,088
Allete,
Inc
$
2,906,991‌
210,876
Alliant
Energy
Corp
10,501,625‌
94,553
(a),(b)
Altus
Power,
Inc
347,009‌
233,226
Ameren
Corp
17,228,405‌
453,106
American
Electric
Power
Co,
Inc
38,980,709‌
38,997
American
States
Water
Co
2,762,547‌
168,424
American
Water
Works
Co,
Inc
20,601,624‌
4,173
Artesian
Resources
Corp
145,971‌
125,642
Atmos
Energy
Corp
14,813,192‌
73,904
Avangrid,
Inc
2,699,713‌
75,721
Avista
Corp
2,724,442‌
63,248
Black
Hills
Corp
3,472,315‌
100,652
Brookfield
Infrastructure
Corp
3,066,866‌
143,669
Brookfield
Renewable
Corp
3,338,867‌
97,088
(a),(b)
Cadiz,
Inc
221,361‌
56,549
California
Water
Service
Group
2,777,687‌
521,719
Centerpoint
Energy,
Inc
15,202,892‌
22,717
(b)
Chesapeake
Utilities
Corp
2,405,049‌
25,714
Clearway
Energy,
Inc
(Class
A)
558,251‌
85,770
Clearway
Energy,
Inc
(Class
C)
2,005,303‌
241,570
CMS
Energy
Corp
14,641,558‌
301,833
Consolidated
Edison,
Inc
28,493,035‌
17,051
Consolidated
Water
Co,
Inc
433,948‌
286,339
Constellation
Energy
Corp
53,241,874‌
726,927
Dominion
Energy,
Inc
37,058,738‌
180,750
DTE
Energy
Co
19,940,340‌
666,342
Duke
Energy
Corp
65,474,765‌
326,308
Edison
International
23,187,446‌
179,416
Entergy
Corp
19,138,305‌
196,369
Essential
Utilities,
Inc
7,183,178‌
187,796
Evergy,
Inc
9,849,900‌
294,143
Eversource
Energy
17,830,949‌
882,727
Exelon
Corp
33,172,881‌
469,514
FirstEnergy
Corp
18,001,167‌
28,389
Genie
Energy
Ltd
434,068‌
5,833
Global
Water
Resources,
Inc
71,396‌
52,830
Idacorp,
Inc
5,007,227‌
43,887
MGE
Energy,
Inc
3,437,230‌
13,108
Middlesex
Water
Co
664,838‌
49,852
(a)
Montauk
Renewables,
Inc
179,467‌
94,260
National
Fuel
Gas
Co
5,005,206‌
77,422
New
Jersey
Resources
Corp
3,382,567‌
1,785,253
NextEra
Energy,
Inc
119,558,393‌
359,796
NiSource,
Inc
10,023,916‌
43,547
Northwest
Natural
Holding
Co
1,661,318‌
58,124
NorthWestern
Corp
2,931,775‌
207,890
NRG
Energy,
Inc
15,107,366‌
193,006
OGE
Energy
Corp
6,687,658‌
41,420
ONE
Gas,
Inc
2,672,418‌
43,542
Ormat
Technologies,
Inc
2,779,286‌
34,114
Otter
Tail
Corp
2,911,971‌
1,803,833
PG&E
Corp
30,863,583‌
99,417
Pinnacle
West
Capital
Corp
7,322,062‌
87,950
PNM
Resources,
Inc
3,259,427‌
86,822
Portland
General
Electric
Co
3,753,315‌
645,366
PPL
Corp
17,721,750‌
422,306
Public
Service
Enterprise
Group,
Inc
29,172,898‌
16,040
(a)
Pure
Cycle
Corp
153,022‌
559,560
Sempra
Energy
40,081,283‌
41,504
SJW
Corp
2,259,893‌
958,319
Southern
Co
70,436,446‌
66,919
Southwest
Gas
Holdings
Inc
4,993,496‌
54,030
Spire,
Inc
3,338,514‌
Equity
Index
Fund
April
30,
2024
60
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
75,509
(a),(b)
Sunnova
Energy
International,
Inc
$
317,893‌
167,494
UGI
Corp
4,281,147‌
17,356
Unitil
Corp
884,115‌
299,161
Vistra
Corp
22,688,370‌
284,161
WEC
Energy
Group,
Inc
23,483,065‌
488,742
Xcel
Energy,
Inc
26,260,108‌
20,767
York
Water
Co
737,436‌
TOTAL
UTILITIES
979,214,210‌
TOTAL
COMMON
STOCKS
42,707,323,916‌
(Cost
$19,980,043,457)
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
50,751
(c)
AstraZeneca
plc
02/20/29
15,733‌
27,694
(c)
Chinook
Therapeutics,
Inc
277‌
330,579
(b),(c)
Selecta
Biosciences,
Inc
08/16/24
59,504‌
4,598
(c)
Tobira
Therapeutics,
Inc
276‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
75,790‌
TOTAL
RIGHTS/WARRANTS
75,790‌
(Cost
$68,029)
TOTAL
LONG-TERM
INVESTMENTS
42,707,399,706‌
(Cost
$19,980,111,486)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.4%
GOVERNMENT
AGENCY
DEBT
-
0
.0
%
$
12,500,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
05/03/24
12,494,505‌
TOTAL
GOVERNMENT
AGENCY
DEBT
12,494,505‌
REPURCHASE
AGREEMENT
-
0
.3
%
99,780,000
(e)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
99,780,000‌
TOTAL
REPURCHASE
AGREEMENT
99,780,000‌
TREASURY
DEBT
-
0
.1
%
42,000,000
United
States
Treasury
Bill
0
.000
05/07/24
41,963,033‌
10,000,000
United
States
Treasury
Bill
0
.000
06/06/24
9,947,175‌
TOTAL
TREASURY
DEBT
51,910,208‌
TOTAL
SHORT-TERM
INVESTMENTS
164,184,713‌
(Cost
$164,186,472)
SHARES
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.3%
121,956,334
(f)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(g)
121,956,334‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
121,956,334‌
(Cost
$121,956,334)
TOTAL
INVESTMENTS
-
100.1%
42,993,540,753‌
(Cost
$20,266,254,292)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
38,537,401‌
)
NET
ASSETS
-
100.0%
$
42,955,003,352‌
REIT
Real
Estate
Investment
Trust
61
See
Notes
to
Financial
Statements
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$156,333,716.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(d)
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
(e)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$99,794,718
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$101,775,795.
(f)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(g)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P
500
E-Mini
Index
829‌
06/21/24
 $
212,688,363‌
$
210,027,150‌
$
(
2,661,213‌
)
Large
Cap
Growth
Index
Fund
April
30,
2024
Portfolios
of
Investments
62
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.9%
COMMON
STOCKS
-
99.9%
AUTOMOBILES
&
COMPONENTS
-
2
.0
%
1,405,532
(a)
Tesla,
Inc
$
257,605,905‌
TOTAL
AUTOMOBILES
&
COMPONENTS
257,605,905‌
BANKS
-
0
.1
%
578
First
Citizens
Bancshares,
Inc
(Class
A)
974,947‌
809,335
(a)
NU
Holdings
Ltd
8,789,378‌
TOTAL
BANKS
9,764,325‌
CAPITAL
GOODS
-
2
.8
%
10,642
A.O.
Smith
Corp
881,583‌
35,591
Advanced
Drainage
Systems,
Inc
5,587,787‌
42,192
Allegion
plc
5,128,860‌
4,021
Allison
Transmission
Holdings,
Inc
295,745‌
7,954
Armstrong
World
Industries,
Inc
913,756‌
36,682
(a)
Axon
Enterprise,
Inc
11,505,676‌
36,966
(a)
Boeing
Co
6,204,373‌
7,654
BWX
Technologies,
Inc
733,024‌
194,705
Caterpillar,
Inc
65,142,452‌
439,795
(a),(b)
ChargePoint
Holdings,
Inc
584,927‌
121,617
Deere
&
Co
47,602,110‌
25,637
Donaldson
Co,
Inc
1,850,991‌
7,894
EMCOR
Group,
Inc
2,819,500‌
218,525
Fastenal
Co
14,846,589‌
5,456
Ferguson
plc
1,145,214‌
37,502
Graco,
Inc
3,007,660‌
20,122
HEICO
Corp
4,173,303‌
36,743
HEICO
Corp
(Class
A)
6,093,827‌
44,031
Honeywell
International,
Inc
8,486,095‌
11,915
Hubbell,
Inc
4,414,746‌
2,989
IDEX
Corp
658,955‌
124,530
Illinois
Tool
Works,
Inc
30,399,018‌
25,447
Lincoln
Electric
Holdings,
Inc
5,586,380‌
109,727
Lockheed
Martin
Corp
51,015,374‌
3,965
Northrop
Grumman
Corp
1,923,144‌
11,917
Otis
Worldwide
Corp
1,086,830‌
18,434
Quanta
Services,
Inc
4,766,295‌
57,438
Rockwell
Automation,
Inc
15,563,400‌
7,006
(a)
SiteOne
Landscape
Supply,
Inc
1,099,171‌
14,893
(a)
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
476,576‌
53,151
Toro
Co
4,655,496‌
34,119
Trane
Technologies
plc
10,827,323‌
4,716
TransDigm
Group,
Inc
5,885,709‌
54,254
(a)
Trex
Co,
Inc
4,804,192‌
6,841
United
Rentals,
Inc
4,569,720‌
1,777
Valmont
Industries,
Inc
363,930‌
14,637
Vertiv
Holdings
Co
1,361,241‌
22,693
W.W.
Grainger,
Inc
20,908,196‌
4,035
Watsco,
Inc
1,806,550‌
24,117
(a)
WillScot
Mobile
Mini
Holdings
Corp
891,364‌
13,777
Xylem,
Inc
1,800,654‌
TOTAL
CAPITAL
GOODS
361,867,736‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.7
%
180,634
Automatic
Data
Processing,
Inc
43,693,558‌
64,220
Booz
Allen
Hamilton
Holding
Corp
9,483,367‌
50,110
Broadridge
Financial
Solutions,
Inc
9,691,775‌
39,442
Cintas
Corp
25,966,246‌
439,708
(a)
Copart,
Inc
23,880,542‌
88,815
(a)
CoStar
Group,
Inc
8,129,237‌
63
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
41,572
Equifax,
Inc
$
9,153,739‌
2,997
(a)
FTI
Consulting,
Inc
640,849‌
33,944
Genpact
Ltd
1,043,439‌
23,987
KBR,
Inc
1,557,716‌
3,051
MSA
Safety,
Inc
550,400‌
162,380
Paychex,
Inc
19,292,368‌
26,380
Paycom
Software,
Inc
4,958,912‌
72,081
RB
Global,
Inc
5,159,558‌
127,655
Rollins,
Inc
5,688,307‌
4,688
Tetra
Tech,
Inc
912,847‌
71,451
Verisk
Analytics,
Inc
15,573,460‌
186,271
Waste
Management,
Inc
38,748,093‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
224,124,413‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
9
.5
%
4,589,765
(a)
Amazon.com,
Inc
803,208,875‌
7,322
(a)
Autozone,
Inc
21,646,761‌
18,131
Best
Buy
Co,
Inc
1,335,167‌
32,998
(a)
Burlington
Stores,
Inc
5,937,660‌
4,268
(a)
Carmax,
Inc
290,096‌
552,805
(a)
Coupang,
Inc
12,438,113‌
2,165
Dick's
Sporting
Goods,
Inc
435,035‌
16,145
eBay,
Inc
832,113‌
33,571
(a)
Etsy,
Inc
2,305,321‌
28,749
(a)
Five
Below,
Inc
4,207,129‌
50,937
(a)
Floor
&
Decor
Holdings,
Inc
5,619,879‌
509,097
Home
Depot,
Inc
170,150,399‌
213,666
Lowe's
Cos,
Inc
48,713,711‌
10,077
Murphy
USA,
Inc
4,170,064‌
9,610
(a)
Ollie's
Bargain
Outlet
Holdings,
Inc
702,875‌
25,635
(a)
O'Reilly
Automotive,
Inc
25,974,920‌
19,404
Pool
Corp
7,034,532‌
1,297
(a)
RH
320,424‌
155,767
Ross
Stores,
Inc
20,179,615‌
579,643
TJX
Cos,
Inc
54,538,610‌
54,338
Tractor
Supply
Co
14,838,621‌
24,812
(a)
Ulta
Beauty,
Inc
10,044,890‌
16,847
(a)
Valvoline,
Inc
716,335‌
33,484
(a)
Victoria's
Secret
&
Co
589,988‌
14,418
(a),(b)
Wayfair,
Inc
723,063‌
4,098
Williams-Sonoma,
Inc
1,175,224‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
1,218,129,420‌
CONSUMER
DURABLES
&
APPAREL
-
0
.5
%
4,162
(a),(b)
BK
LC
Lux
Finco
2
Sarl
186,333‌
2,387
Brunswick
Corp
192,488‌
29,657
(a)
Crocs,
Inc
3,688,441‌
12,903
(a)
Deckers
Outdoor
Corp
10,560,718‌
56,382
(a)
Lululemon
Athletica,
Inc
20,331,349‌
318,454
Nike,
Inc
(Class
B)
29,380,566‌
129
(a)
NVR,
Inc
959,612‌
236,151
(a)
Peloton
Interactive,
Inc
734,430‌
2,321
Polaris
Industries,
Inc
197,656‌
4,710
(a)
Skechers
U.S.A.,
Inc
(Class
A)
311,096‌
6,024
Tapestry,
Inc
240,478‌
16,558
Tempur
Sealy
International,
Inc
828,893‌
1,003
(a)
TopBuild
Corp
405,884‌
41,824
(a)
YETI
Holdings,
Inc
1,493,953‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
69,511,897‌
CONSUMER
SERVICES
-
2
.9
%
211,397
(a)
Airbnb,
Inc
33,521,222‌
17,753
Booking
Holdings,
Inc
61,283,889‌
3,484
(a)
Bright
Horizons
Family
Solutions,
Inc
361,326‌
Large
Cap
Growth
Index
Fund
April
30,
2024
64
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
40,939
(a)
Caesars
Entertainment,
Inc
$
1,466,435‌
23,112
(a)
Cava
Group,
Inc
1,662,677‌
13,994
(a)
Chipotle
Mexican
Grill,
Inc
(Class
A)
44,215,442‌
16,473
Choice
Hotels
International,
Inc
1,948,097‌
36,757
Churchill
Downs,
Inc
4,741,653‌
27,488
Darden
Restaurants,
Inc
4,216,934‌
18,008
Domino's
Pizza,
Inc
9,531,094‌
123,522
(a)
DoorDash,
Inc
15,966,454‌
213,109
(a)
DraftKings,
Inc
8,856,810‌
47,602
(a)
Expedia
Group,
Inc
6,408,657‌
4,091
(a)
Grand
Canyon
Education,
Inc
531,912‌
48,397
H&R
Block,
Inc
2,285,790‌
58,114
Hilton
Worldwide
Holdings,
Inc
11,464,730‌
173,884
Las
Vegas
Sands
Corp
7,713,494‌
121,003
Marriott
International,
Inc
(Class
A)
28,572,438‌
151,943
McDonald's
Corp
41,486,517‌
49,648
(a)
Norwegian
Cruise
Line
Holdings
Ltd
939,340‌
19,862
(a)
Planet
Fitness,
Inc
1,188,542‌
34,368
(a)
Royal
Caribbean
Cruises
Ltd
4,798,804‌
27,653
Service
Corp
International
1,982,997‌
565,454
Starbucks
Corp
50,037,025‌
36,185
Texas
Roadhouse,
Inc
(Class
A)
5,817,824‌
20,134
Travel
&
Leisure
Co
876,634‌
1,940
Vail
Resorts,
Inc
367,378‌
98,915
Wendy's
Co
1,977,311‌
14,605
Wingstop,
Inc
5,619,858‌
8,174
Wyndham
Hotels
&
Resorts,
Inc
600,871‌
3,081
Wynn
Resorts
Ltd
282,374‌
125,620
Yum!
Brands,
Inc
17,743,825‌
TOTAL
CONSUMER
SERVICES
378,468,354‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.9
%
21,079
Albertsons
Cos,
Inc
430,011‌
22,462
(a)
BJ's
Wholesale
Club
Holdings,
Inc
1,677,462‌
2,627
Casey's
General
Stores,
Inc
839,537‌
225,588
Costco
Wholesale
Corp
163,077,565‌
111,909
Dollar
General
Corp
15,576,614‌
6,521
(a)
Maplebear,
Inc
222,562‌
35,103
(a)
Performance
Food
Group
Co
2,382,792‌
254,747
Sysco
Corp
18,932,797‌
234,507
Target
Corp
37,750,937‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
240,890,277‌
ENERGY
-
0
.5
%
55,323
Antero
Midstream
Corp
765,670‌
143,178
APA
Corp
4,501,516‌
119,528
Cheniere
Energy,
Inc
18,863,909‌
88,065
Halliburton
Co
3,299,796‌
79,233
Hess
Corp
12,478,405‌
40,470
(b)
New
Fortress
Energy,
Inc
1,060,314‌
12,019
ONEOK,
Inc
950,943‌
57,748
Ovintiv,
Inc
2,963,628‌
114,205
Targa
Resources
Corp
13,026,222‌
9,519
Texas
Pacific
Land
Corp
5,485,800‌
TOTAL
ENERGY
63,396,203‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0
.7
%
235,025
American
Tower
Corp
40,320,889‌
23,430
Crown
Castle,
Inc
2,197,265‌
23,633
Equinix,
Inc
16,805,663‌
34,703
Equity
Lifestyle
Properties,
Inc
2,092,244‌
69,663
Iron
Mountain,
Inc
5,400,276‌
33,928
Lamar
Advertising
Co
3,930,559‌
46,922
Public
Storage,
Inc
12,173,913‌
65
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
5,308
SBA
Communications
Corp
$
987,925‌
34,533
Simon
Property
Group,
Inc
4,852,922‌
16,145
Sun
Communities,
Inc
1,797,261‌
8,678
UDR,
Inc
330,458‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
90,889,375‌
FINANCIAL
SERVICES
-
5
.7
%
97,592
American
Express
Co
22,839,456‌
51,492
Ameriprise
Financial,
Inc
21,203,891‌
266,612
Apollo
Global
Management,
Inc
28,895,409‌
84,939
Ares
Management
Corp
11,304,531‌
362,865
Blackstone,
Inc
42,313,688‌
103,507
(a)
Block,
Inc
7,556,011‌
32,374
Blue
Owl
Capital,
Inc
611,545‌
32,894
(a)
Corpay,
Inc
9,938,593‌
174,371
Equitable
Holdings,
Inc
6,436,034‌
11,528
(a)
Euronet
Worldwide,
Inc
1,183,695‌
19,678
Factset
Research
Systems,
Inc
8,203,561‌
85,476
(a)
Fiserv,
Inc
13,049,621‌
1,804
Houlihan
Lokey,
Inc
229,992‌
101,744
iShares
Russell
1000
Growth
Index
Fund
32,847,033‌
11,426
Jack
Henry
&
Associates,
Inc
1,858,896‌
82,161
KKR
&
Co,
Inc
7,646,724‌
37,740
LPL
Financial
Holdings,
Inc
10,156,966‌
18,358
MarketAxess
Holdings,
Inc
3,673,252‌
422,781
Mastercard,
Inc
(Class
A)
190,758,787‌
73,014
Moody's
Corp
27,039,275‌
13,124
Morningstar,
Inc
3,709,499‌
19,196
MSCI,
Inc
(Class
A)
8,941,305‌
497,025
(a)
PayPal
Holdings,
Inc
33,757,938‌
32,716
(a),(b)
Rocket
Cos,
Inc
401,752‌
13,875
S&P
Global,
Inc
5,769,641‌
30,733
(a),(b)
Shift4
Payments,
Inc
1,778,211‌
45,953
SLM
Corp
973,744‌
185,006
(a)
Toast,
Inc
4,371,692‌
9,118
TPG,
Inc
392,986‌
19,486
Tradeweb
Markets,
Inc
1,981,921‌
3,902
(b)
UWM
Holdings
Corp
24,583‌
812,306
Visa,
Inc
(Class
A)
218,193,515‌
38,458
Western
Union
Co
516,875‌
9,559
(a)
WEX,
Inc
2,019,434‌
13,400
XP,
Inc
274,298‌
TOTAL
FINANCIAL
SERVICES
730,854,354‌
FOOD,
BEVERAGE
&
TOBACCO
-
1
.5
%
4,400
(a)
Boston
Beer
Co,
Inc
(Class
A)
1,225,004‌
25,896
Brown-Forman
Corp
(Class
A)
1,270,717‌
69,563
Brown-Forman
Corp
(Class
B)
3,328,589‌
71,591
(a)
Celsius
Holdings,
Inc
5,102,291‌
987,557
Coca-Cola
Co
61,001,396‌
8,697
Constellation
Brands,
Inc
(Class
A)
2,204,342‌
6,139
(a)
Freshpet,
Inc
651,164‌
55,845
Hershey
Co
10,829,462‌
70,080
Lamb
Weston
Holdings,
Inc
5,840,467‌
383,022
(a)
Monster
Beverage
Corp
20,472,526‌
483,994
PepsiCo,
Inc
85,139,384‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
197,065,342‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
3
.9
%
56,814
Abbott
Laboratories
6,020,580‌
133,181
(a),(b)
agilon
health,
Inc
732,495‌
38,826
(a)
Align
Technology,
Inc
10,963,686‌
86,344
AmerisourceBergen
Corp
20,640,533‌
64,699
Cardinal
Health,
Inc
6,666,585‌
Large
Cap
Growth
Index
Fund
April
30,
2024
66
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
28,867
(a)
Certara,
Inc
$
493,914‌
5,357
Chemed
Corp
3,042,776‌
10,535
Cigna
Group
3,761,416‌
27,999
(a)
DaVita,
Inc
3,892,141‌
195,651
(a)
DexCom,
Inc
24,923,981‌
35,580
(a)
Doximity,
Inc
864,238‌
306,199
(a)
Edwards
Lifesciences
Corp
25,925,869‌
16,089
Elevance
Health,
Inc
8,504,324‌
3,281
Encompass
Health
Corp
273,570‌
14,388
GE
HealthCare
Technologies,
Inc
1,096,941‌
16,247
(a)
Globus
Medical,
Inc
808,938‌
20,540
HCA,
Inc
6,363,703‌
27,128
Humana,
Inc
8,195,098‌
41,884
(a)
IDEXX
Laboratories,
Inc
20,638,760‌
14,009
(a)
Inspire
Medical
Systems,
Inc
3,385,415‌
35,820
(a)
Insulet
Corp
6,158,891‌
177,796
(a)
Intuitive
Surgical,
Inc
65,894,754‌
22,647
(a)
Masimo
Corp
3,043,983‌
25,959
McKesson
Corp
13,945,434‌
16,395
(a)
Molina
Healthcare,
Inc
5,608,730‌
74,189
(a)
Novocure
Ltd
908,073‌
18,524
(a)
Penumbra,
Inc
3,639,410‌
72,184
Resmed,
Inc
15,446,654‌
18,308
(a)
Shockwave
Medical,
Inc
6,045,119‌
46,071
Stryker
Corp
15,502,892‌
4,277
(a)
Tandem
Diabetes
Care,
Inc
156,923‌
398,066
UnitedHealth
Group,
Inc
192,544,524‌
73,779
(a)
Veeva
Systems,
Inc
14,649,558‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
500,739,908‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.7
%
111,550
Church
&
Dwight
Co,
Inc
12,035,129‌
63,280
Clorox
Co
9,357,213‌
35,342
Estee
Lauder
Cos
(Class
A)
5,185,025‌
294,491
Kenvue,
Inc
5,542,321‌
159,720
Kimberly-Clark
Corp
21,806,572‌
225,488
Procter
&
Gamble
Co
36,799,642‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
90,725,902‌
INSURANCE
-
0
.9
%
24,582
(a)
Arch
Capital
Group
Ltd
2,299,401‌
10,160
(a)
Brighthouse
Financial,
Inc
490,220‌
45,121
Brown
&
Brown,
Inc
3,679,166‌
2,782
Everest
Re
Group
Ltd
1,019,353‌
5,803
Gallagher
(Arthur
J.)
&
Co
1,361,906‌
11,267
Kinsale
Capital
Group,
Inc
4,092,738‌
16,802
Lincoln
National
Corp
458,190‌
201,839
Marsh
&
McLennan
Cos,
Inc
40,252,752‌
11,458
Primerica,
Inc
2,427,492‌
222,788
Progressive
Corp
46,395,601‌
8,009
RenaissanceRe
Holdings
Ltd
1,755,973‌
6,958
RLI
Corp
983,513‌
52,414
Ryan
Specialty
Holdings,
Inc
2,586,107‌
6,499
Willis
Towers
Watson
plc
1,632,159‌
TOTAL
INSURANCE
109,434,571‌
MATERIALS
-
0
.7
%
120,163
(b)
Ardagh
Metal
Packaging
S.A.
474,644‌
12,932
Avery
Dennison
Corp
2,809,865‌
11,643
(a)
Axalta
Coating
Systems
Ltd
366,056‌
11,452
Eagle
Materials,
Inc
2,871,131‌
99,155
Ecolab,
Inc
22,423,903‌
9,035
FMC
Corp
533,155‌
94,808
(a),(b)
Ginkgo
Bioworks
Holdings,
Inc
84,483‌
67
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
79,141
Graphic
Packaging
Holding
Co
$
2,045,795‌
23,570
Linde
plc
10,393,427‌
28,748
PPG
Industries,
Inc
3,708,492‌
11,772
RPM
International,
Inc
1,258,545‌
19,488
Scotts
Miracle-Gro
Co
(Class
A)
1,335,708‌
38,730
Sealed
Air
Corp
1,219,220‌
101,510
Sherwin-Williams
Co
30,413,411‌
44,495
Southern
Copper
Corp
5,191,232‌
15,696
Vulcan
Materials
Co
4,043,760‌
TOTAL
MATERIALS
89,172,827‌
MEDIA
&
ENTERTAINMENT
-
12
.3
%
2,556,931
(a)
Alphabet,
Inc
420,973,120‌
3,027,262
(a)
Alphabet,
Inc
(Class
A)
492,777,708‌
1,113
Cable
One,
Inc
438,355‌
50,077
(a)
Charter
Communications,
Inc
12,816,707‌
11,749
(a)
Liberty
Broadband
Corp
584,278‌
674
(a)
Liberty
Broadband
Corp
(Class
A)
33,788‌
17,269
(a)
Live
Nation,
Inc
1,535,387‌
121,483
(a)
Match
Group,
Inc
3,744,106‌
1,126,808
Meta
Platforms,
Inc
484,718,997‌
217,423
(a)
NetFlix,
Inc
119,721,801‌
5,728
Nexstar
Media
Group,
Inc
916,824‌
304,624
(a)
Pinterest,
Inc
10,189,673‌
22,617
Playtika
Holding
Corp
163,973‌
234,960
(a)
ROBLOX
Corp
8,355,178‌
7,452
(a)
Roku,
Inc
429,682‌
71,030
(a)
Spotify
Technology
S.A.
19,919,653‌
30,078
TKO
Group
Holdings,
Inc
2,847,484‌
78,643
(a)
ZoomInfo
Technologies,
Inc
1,247,278‌
TOTAL
MEDIA
&
ENTERTAINMENT
1,581,413,992‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
6
.7
%
45,971
(a)
10X
Genomics,
Inc
1,346,031‌
898,670
AbbVie,
Inc
146,159,689‌
119,558
Agilent
Technologies,
Inc
16,384,228‌
51,229
(a)
Alnylam
Pharmaceuticals,
Inc
7,374,414‌
184,885
Amgen,
Inc
50,647,397‌
49,987
(a)
Apellis
Pharmaceuticals,
Inc
2,208,925‌
10,770
(a)
BioMarin
Pharmaceutical,
Inc
869,785‌
71,563
Bio-Techne
Corp
4,523,497‌
52,009
Bruker
BioSciences
Corp
4,057,222‌
431,068
Eli
Lilly
&
Co
336,707,215‌
30,222
(a)
Exact
Sciences
Corp
1,793,676‌
113,511
(a)
Exelixis,
Inc
2,662,968‌
5,922
(a)
ICON
plc
1,764,045‌
22,998
(a)
Illumina,
Inc
2,829,904‌
64,932
(a)
Incyte
Corp
3,379,711‌
63,618
(a)
Ionis
Pharmaceuticals,
Inc
2,624,879‌
85,262
(a)
IQVIA
Holdings,
Inc
19,761,174‌
16,144
(a)
Jazz
Pharmaceuticals
plc
1,787,948‌
62,517
(a)
Maravai
LifeSciences
Holdings,
Inc
512,639‌
12,268
(a)
Medpace
Holdings,
Inc
4,764,278‌
238,694
Merck
&
Co,
Inc
30,844,039‌
10,827
(a)
Mettler-Toledo
International,
Inc
13,313,962‌
56,868
(a)
Natera,
Inc
5,281,900‌
49,514
(a)
Neurocrine
Biosciences,
Inc
6,810,155‌
3,836
(a)
Regeneron
Pharmaceuticals,
Inc
3,416,572‌
11,955
(a)
Repligen
Corp
1,963,011‌
167,633
(a)
Roivant
Sciences
Ltd
1,827,200‌
46,345
(a)
Sarepta
Therapeutics,
Inc
5,870,058‌
53,382
(a)
Sotera
Health
Co
597,878‌
120,953
Thermo
Fisher
Scientific,
Inc
68,788,390‌
41,405
(a)
Ultragenyx
Pharmaceutical,
Inc
1,761,369‌
Large
Cap
Growth
Index
Fund
April
30,
2024
68
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
120,000
(a)
Vertex
Pharmaceuticals,
Inc
$
47,137,200‌
30,014
(a)
Waters
Corp
9,275,526‌
37,743
West
Pharmaceutical
Services,
Inc
13,492,368‌
233,661
Zoetis,
Inc
37,208,178‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
859,747,431‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
13
.6
%
464,359
(a)
Advanced
Micro
Devices,
Inc
73,545,179‌
42,859
(a)
Allegro
MicroSystems,
Inc
1,272,484‌
360,662
Applied
Materials,
Inc
71,645,506‌
219,587
Broadcom,
Inc
285,522,389‌
67,903
(a)
Enphase
Energy,
Inc
7,385,130‌
3,776
Entegris,
Inc
501,906‌
68,816
KLA
Corp
47,434,181‌
63,408
Lam
Research
Corp
56,712,749‌
69,568
(a)
Lattice
Semiconductor
Corp
4,772,365‌
191,885
Microchip
Technology,
Inc
17,649,582‌
23,174
Monolithic
Power
Systems,
Inc
15,511,053‌
1,210,500
Nvidia
Corp
1,045,896,210‌
495,196
QUALCOMM,
Inc
82,128,257‌
63,148
Teradyne,
Inc
7,345,375‌
189,079
Texas
Instruments,
Inc
33,357,317‌
10,301
Universal
Display
Corp
1,627,352‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
1,752,307,035‌
SOFTWARE
&
SERVICES
-
19
.3
%
321,719
Accenture
plc
96,808,464‌
229,954
(a)
Adobe,
Inc
106,429,610‌
36,638
(a)
Ansys,
Inc
11,902,953‌
27,868
(a)
AppLovin
Corp
1,966,645‌
79,504
(a)
Atlassian
Corp
Ltd
13,698,539‌
110,215
(a)
Autodesk,
Inc
23,459,263‌
93,516
Bentley
Systems,
Inc
4,912,395‌
137,832
(a)
Cadence
Design
Systems,
Inc
37,990,634‌
6,171
(a)
Ceridian
HCM
Holding,
Inc
378,714‌
151,478
(a)
Cloudflare,
Inc
13,239,177‌
100,651
(a)
Confluent,
Inc
2,830,306‌
108,999
(a)
Crowdstrike
Holdings,
Inc
31,886,567‌
143,553
(a)
Datadog,
Inc
18,015,901‌
104,467
(a)
DocuSign,
Inc
5,912,832‌
77,419
(a)
DoubleVerify
Holdings,
Inc
2,268,377‌
111,102
(a)
Dropbox,
Inc
2,573,122‌
130,115
(a)
Dynatrace,
Inc
5,895,511‌
42,426
(a)
Elastic
NV
4,336,786‌
28,599
(a)
EPAM
Systems,
Inc
6,728,201‌
12,542
(a)
Fair
Isaac
Corp
14,214,225‌
33,972
(a)
Five9,
Inc
1,955,768‌
330,507
(a)
Fortinet,
Inc
20,881,432‌
38,292
(a)
Gartner,
Inc
15,798,896‌
41,926
Gen
Digital,
Inc
844,390‌
44,246
(a)
Gitlab,
Inc
2,321,588‌
20,004
(a)
Globant
S.A.
3,572,514‌
45,563
(a)
GoDaddy,
Inc
5,576,000‌
30,968
(a)
HashiCorp,
Inc
1,005,221‌
23,377
(a)
HubSpot,
Inc
14,140,046‌
2,837
(a)
Informatica,
Inc
87,862‌
139,064
Intuit,
Inc
87,001,220‌
31,691
(a)
Manhattan
Associates,
Inc
6,530,247‌
3,791,435
Microsoft
Corp
1,476,119,389‌
34,502
(a)
MongoDB,
Inc
12,599,440‌
5,332
(a)
nCino
OpCo,
Inc
155,481‌
33,251
(a)
Nutanix,
Inc
2,018,336‌
4,689
(a)
Okta,
Inc
435,983‌
323,514
Oracle
Corp
36,799,718‌
69
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
974,377
(a)
Palantir
Technologies,
Inc
$
21,407,063‌
155,441
(a)
Palo
Alto
Networks,
Inc
45,216,232‌
12,365
(a)
Paycor
HCM,
Inc
214,780‌
21,447
(a)
Paylocity
Holding
Corp
3,327,717‌
18,974
Pegasystems,
Inc
1,127,435‌
43,469
(a)
Procore
Technologies,
Inc
2,974,149‌
30,544
(a)
PTC,
Inc
5,419,727‌
43,129
(a)
RingCentral,
Inc
1,277,481‌
359,327
Salesforce,
Inc
96,637,403‌
12,259
(a)
SentinelOne,
Inc
259,033‌
103,642
(a)
ServiceNow,
Inc
71,858,108‌
62,234
(a)
Smartsheet,
Inc
2,354,312‌
161,193
(a)
Snowflake,
Inc
25,017,154‌
77,401
(a)
Synopsys,
Inc
41,068,197‌
49,348
(a)
Teradata
Corp
1,830,811‌
224,365
(a)
Trade
Desk,
Inc
18,588,640‌
13,614
(a)
Twilio,
Inc
815,206‌
16,190
(a)
Tyler
Technologies,
Inc
7,472,495‌
140,411
(a)
UiPath,
Inc
2,663,597‌
55,176
(a)
Unity
Software,
Inc
1,339,122‌
2,240
(a)
VeriSign,
Inc
379,635‌
102,785
(a)
Workday,
Inc
25,154,573‌
44,403
(a)
Zscaler,
Inc
7,679,055‌
TOTAL
SOFTWARE
&
SERVICES
2,477,373,678‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
10
.7
%
149,359
Amphenol
Corp
(Class
A)
18,038,086‌
7,429,842
Apple,
Inc
1,265,524,988‌
128,065
(a)
Arista
Networks,
Inc
32,856,356‌
64,995
CDW
Corp
15,719,691‌
86,028
HP,
Inc
2,416,527‌
41,473
Jabil
Inc
4,867,271‌
24,585
(a)
Keysight
Technologies,
Inc
3,637,105‌
77,787
Motorola
Solutions,
Inc
26,381,461‌
41,544
NetApp,
Inc
4,246,212‌
113,954
(a)
Pure
Storage,
Inc
5,743,282‌
823
Ubiquiti,
Inc
88,538‌
25,750
Vontier
Corp
1,046,223‌
4,505
(a)
Zebra
Technologies
Corp
(Class
A)
1,417,093‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,381,982,833‌
TELECOMMUNICATION
SERVICES
-
0
.0
%
67,750
Iridium
Communications,
Inc
2,086,022‌
TOTAL
TELECOMMUNICATION
SERVICES
2,086,022‌
TRANSPORTATION
-
1
.2
%
15
(a)
Amerco,
Inc
948‌
111,776
(a)
American
Airlines
Group,
Inc
1,510,094‌
3,428
Avis
Budget
Group,
Inc
327,203‌
43,255
CH
Robinson
Worldwide,
Inc
3,071,105‌
120,150
CSX
Corp
3,991,383‌
15,998
Delta
Air
Lines,
Inc
801,020‌
10,153
Expeditors
International
Washington,
Inc
1,130,130‌
7,925
JB
Hunt
Transport
Services,
Inc
1,288,367‌
14,370
Landstar
System,
Inc
2,506,272‌
173,778
(a)
Lyft,
Inc
(Class
A)
2,717,888‌
93,689
Old
Dominion
Freight
Line
17,024,228‌
1,418
(a)
Saia,
Inc
562,705‌
1,001,965
(a)
Uber
Technologies,
Inc
66,400,221‌
20,882
U-Haul
Holding
Co
1,280,484‌
133,259
Union
Pacific
Corp
31,603,704‌
102,537
United
Parcel
Service,
Inc
(Class
B)
15,122,157‌
TOTAL
TRANSPORTATION
149,337,909‌
Large
Cap
Growth
Index
Fund
April
30,
2024
70
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES
-
0
.1
%
220,610
AES
Corp
$
3,948,919‌
55,443
Vistra
Corp
4,204,797‌
TOTAL
UTILITIES
8,153,716‌
TOTAL
COMMON
STOCKS
12,845,043,425‌
(Cost
$4,786,617,647)
TOTAL
LONG-TERM
INVESTMENTS
12,845,043,425‌
(Cost
$4,786,617,647)
RATE
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.0%
2,660,567
(c)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
%
(d)
2,660,567‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
2,660,567‌
(Cost
$2,660,567)
TOTAL
INVESTMENTS
-
99.9%
12,847,703,992‌
(Cost
$4,789,278,214)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.1%
9,046,934‌
NET
ASSETS
-
100.0%
$
12,856,750,926‌
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$3,832,286.
(c)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(d)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Portfolios
of
Investments
Large
Cap
Value
Index
Fund
April
30,
2024
71
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.9%
COMMON
STOCKS
-
99.9%
AUTOMOBILES
&
COMPONENTS
-
0
.8
%
125,612
(a)
Aptiv
plc
$
8,918,452‌
108,143
BorgWarner,
Inc
3,543,846‌
1,822,053
Ford
Motor
Co
22,137,944‌
534,755
General
Motors
Co
23,812,640‌
108,603
Gentex
Corp
3,725,083‌
58,608
Harley-Davidson,
Inc
2,015,529‌
26,856
Lear
Corp
3,380,365‌
354,852
(a),(b)
Lucid
Group,
Inc
904,872‌
19,986
Phinia,
Inc
779,454‌
138,326
(a),(b)
QuantumScape
Corp
749,727‌
292,272
(a),(b)
Rivian
Automotive,
Inc
2,601,221‌
22,845
Thor
Industries,
Inc
2,271,250‌
TOTAL
AUTOMOBILES
&
COMPONENTS
74,840,383‌
BANKS
-
7
.4
%
3,190,910
Bank
of
America
Corp
118,095,579‌
50,044
Bank
OZK
2,234,465‌
12,848
BOK
Financial
Corp
1,140,003‌
883,451
Citigroup,
Inc
54,182,050‌
215,690
Citizens
Financial
Group,
Inc
7,357,186‌
101,570
Columbia
Banking
System,
Inc
1,910,532‌
60,982
Comerica,
Inc
3,059,467‌
55,547
Commerce
Bancshares,
Inc
3,037,310‌
27,701
Cullen/Frost
Bankers,
Inc
2,890,322‌
65,092
East
West
Bancorp,
Inc
4,848,703‌
314,908
Fifth
Third
Bancorp
11,481,546‌
4,486
First
Citizens
Bancshares,
Inc
(Class
A)
7,566,805‌
57,948
First
Hawaiian,
Inc
1,222,123‌
257,757
First
Horizon
National
Corp
3,845,735‌
168,326
FNB
Corp
2,245,469‌
667,026
Huntington
Bancshares,
Inc
8,984,840‌
1,336,787
JPMorgan
Chase
&
Co
256,315,539‌
432,058
Keycorp
6,260,520‌
76,747
M&T
Bank
Corp
11,081,499‌
214,540
(b)
New
York
Community
Bancorp,
Inc
568,531‌
342,901
(a)
NU
Holdings
Ltd
3,723,905‌
34,835
Pinnacle
Financial
Partners,
Inc
2,671,845‌
184,904
PNC
Financial
Services
Group,
Inc
28,338,387‌
32,593
Popular,
Inc
2,770,079‌
40,287
Prosperity
Bancshares,
Inc
2,496,585‌
428,588
Regions
Financial
Corp
8,258,891‌
66,961
Synovus
Financial
Corp
2,396,534‌
615,808
Truist
Financial
Corp
23,123,590‌
723,266
US
Bancorp
29,386,298‌
79,175
Webster
Financial
Corp
3,470,240‌
1,667,562
Wells
Fargo
&
Co
98,919,778‌
46,166
Western
Alliance
Bancorp
2,623,614‌
28,140
Wintrust
Financial
Corp
2,719,450‌
67,445
Zions
Bancorporation
2,750,407‌
TOTAL
BANKS
721,977,827‌
CAPITAL
GOODS
-
10
.9
%
255,311
3M
Co
24,640,065‌
50,530
A.O.
Smith
Corp
4,185,905‌
14,076
Acuity
Brands,
Inc
3,495,071‌
62,928
Aecom
Technology
Corp
5,812,030‌
28,992
AGCO
Corp
3,310,596‌
48,762
Air
Lease
Corp
2,449,803‌
Large
Cap
Value
Index
Fund
April
30,
2024
72
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
2,844
Allegion
plc
$
345,717‌
37,350
Allison
Transmission
Holdings,
Inc
2,747,092‌
105,071
Ametek,
Inc
18,351,701‌
14,566
Armstrong
World
Industries,
Inc
1,673,342‌
66,574
(a)
AZEK
Co,
Inc
3,038,437‌
226,950
(a)
Boeing
Co
38,091,288‌
56,288
(a)
Builders
FirstSource,
Inc
10,290,572‌
35,078
BWX
Technologies,
Inc
3,359,420‌
22,447
Carlisle
Cos,
Inc
8,715,048‌
386,720
Carrier
Global
Corp
23,779,413‌
59,234
Caterpillar,
Inc
19,817,919‌
453,332
(a)
CNH
Industrial
NV
5,167,985‌
80,459
(a)
Core
&
Main,
Inc
4,543,520‌
21,853
Crane
Co
3,059,639‌
63,211
Cummins,
Inc
17,856,475‌
16,915
Curtiss-Wright
Corp
4,286,599‌
7,662
Deere
&
Co
2,998,983‌
32,757
Donaldson
Co,
Inc
2,365,055‌
64,681
Dover
Corp
11,597,303‌
184,946
Eaton
Corp
plc
58,860,914‌
14,068
EMCOR
Group,
Inc
5,024,668‌
265,015
Emerson
Electric
Co
28,563,317‌
26,145
Esab
Corp
2,768,233‌
66,437
Fastenal
Co
4,513,730‌
89,661
Ferguson
plc
18,819,844‌
60,573
Flowserve
Corp
2,856,623‌
164,078
Fortive
Corp
12,350,151‌
58,582
Fortune
Brands
Innovations,
Inc
4,282,344‌
78,228
(a)
Gates
Industrial
Corp
plc
1,378,377‌
125,877
(a)
GE
Vernova,
Inc
19,348,554‌
27,773
(a)
Generac
Holdings,
Inc
3,776,017‌
113,637
General
Dynamics
Corp
32,624,046‌
503,546
General
Electric
Co
81,483,814‌
45,712
Graco,
Inc
3,666,102‌
51,177
(a)
Hayward
Holdings,
Inc
694,984‌
2,047
HEICO
Corp
424,548‌
3,587
HEICO
Corp
(Class
A)
594,904‌
39,048
Hexcel
Corp
2,507,272‌
267,792
Honeywell
International,
Inc
51,611,552‌
175,950
Howmet
Aerospace,
Inc
11,744,662‌
13,515
Hubbell,
Inc
5,007,578‌
18,163
Huntington
Ingalls
Industries,
Inc
5,029,880‌
32,208
IDEX
Corp
7,100,576‌
24,888
Illinois
Tool
Works,
Inc
6,075,410‌
187,783
Ingersoll
Rand,
Inc
17,523,910‌
38,282
ITT,
Inc
4,951,394‌
315,747
Johnson
Controls
International
plc
20,545,657‌
87,788
L3Harris
Technologies,
Inc
18,791,021‌
14,820
Lennox
International,
Inc
6,867,884‌
1,567
Lincoln
Electric
Holdings,
Inc
344,004‌
104,260
Masco
Corp
7,136,597‌
27,853
(a)
Mastec,
Inc
2,470,283‌
90,863
MDU
Resources
Group,
Inc
2,244,316‌
22,193
(a)
Mercury
Computer
Systems,
Inc
625,843‌
24,637
(a)
Middleby
Corp
3,423,804‌
20,667
MSC
Industrial
Direct
Co
(Class
A)
1,885,657‌
26,494
Nordson
Corp
6,840,486‌
61,930
Northrop
Grumman
Corp
30,037,908‌
76,256
nVent
Electric
plc
5,495,770‌
30,207
Oshkosh
Corp
3,391,340‌
180,443
Otis
Worldwide
Corp
16,456,402‌
41,071
Owens
Corning,
Inc
6,908,553‌
235,386
PACCAR,
Inc
24,976,808‌
73
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
59,315
Parker-Hannifin
Corp
$
32,321,337‌
76,042
Pentair
plc
6,014,162‌
176,392
(a),(b)
Plug
Power,
Inc
407,466‌
49,153
Quanta
Services,
Inc
12,709,000‌
13,102
(a)
RBC
Bearings,
Inc
3,204,094‌
30,677
Regal-Beloit
Corp
4,950,347‌
665,049
RTX
Corp
67,515,774‌
69,896
Sensata
Technologies
Holding
plc
2,677,716‌
13,963
(a)
SiteOne
Landscape
Supply,
Inc
2,190,655‌
24,128
Snap-On,
Inc
6,465,339‌
49,282
(a)
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
1,577,024‌
71,017
Stanley
Black
&
Decker,
Inc
6,490,954‌
103,930
(a)
Sunrun,
Inc
1,069,440‌
90,767
Textron,
Inc
7,677,981‌
28,301
Timken
Co
2,525,015‌
74,513
Trane
Technologies
plc
23,645,955‌
20,436
TransDigm
Group,
Inc
25,504,741‌
24,964
United
Rentals,
Inc
16,675,702‌
8,974
Valmont
Industries,
Inc
1,837,875‌
147,642
Vertiv
Holdings
Co
13,730,706‌
11,713
Watsco,
Inc
5,244,144‌
20,835
WESCO
International,
Inc
3,182,546‌
82,711
Westinghouse
Air
Brake
Technologies
Corp
13,323,088‌
63,564
(a)
WillScot
Mobile
Mini
Holdings
Corp
2,349,325‌
27,729
Woodward
Inc
4,502,080‌
96,932
Xylem,
Inc
12,669,012‌
TOTAL
CAPITAL
GOODS
1,058,466,193‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.3
%
26,441
Automatic
Data
Processing,
Inc
6,395,813‌
8,890
Broadridge
Financial
Solutions,
Inc
1,719,415‌
10,219
(a)
CACI
International,
Inc
(Class
A)
4,110,388‌
4,498
Cintas
Corp
2,961,213‌
222,260
(a),(b)
Clarivate
plc
1,502,478‌
23,457
(a)
Clean
Harbors,
Inc
4,443,929‌
20,342
Concentrix
Corp
1,112,097‌
106,941
(a)
CoStar
Group,
Inc
9,788,310‌
25,469
(a)
Driven
Brands
Holdings,
Inc
364,971‌
134,984
Dun
&
Bradstreet
Holdings,
Inc
1,228,354‌
17,406
Equifax,
Inc
3,832,627‌
12,575
(a)
FTI
Consulting,
Inc
2,688,912‌
61,545
Genpact
Ltd
1,891,893‌
58,354
Jacobs
Solutions,
Inc
8,375,550‌
39,421
KBR,
Inc
2,560,000‌
63,316
Leidos
Holdings,
Inc
8,878,170‌
21,463
Manpower,
Inc
1,619,383‌
14,188
MSA
Safety,
Inc
2,559,515‌
19,820
RB
Global,
Inc
1,418,716‌
95,832
Republic
Services,
Inc
18,370,994‌
47,869
Robert
Half
International,
Inc
3,309,663‌
24,195
Science
Applications
International
Corp
3,113,897‌
100,714
SS&C
Technologies
Holdings,
Inc
6,233,189‌
42,664
(a)
Stericycle,
Inc
1,908,361‌
20,117
Tetra
Tech,
Inc
3,917,182‌
89,594
TransUnion
6,540,362‌
101,872
Veralto
Corp
9,543,369‌
52,102
Vestis
Corp
959,719‌
17,874
Waste
Management,
Inc
3,718,149‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
125,066,619‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
1
.1
%
26,913
Advance
Auto
Parts,
Inc
1,964,111‌
13,158
(a)
Autonation,
Inc
2,120,412‌
1,320
(a)
Autozone,
Inc
3,902,448‌
Large
Cap
Value
Index
Fund
April
30,
2024
74
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL—continued
104,886
Bath
&
Body
Works,
Inc
$
4,763,922‌
77,045
Best
Buy
Co,
Inc
5,673,594‌
69,161
(a)
Carmax,
Inc
4,700,873‌
24,202
Dick's
Sporting
Goods,
Inc
4,863,150‌
225,899
eBay,
Inc
11,642,835‌
23,279
(a)
Etsy,
Inc
1,598,569‌
129,099
(a),(b)
GameStop
Corp
(Class
A)
1,431,708‌
90,122
Gap,
Inc
1,849,304‌
65,082
Genuine
Parts
Co
10,231,541‌
52,360
Kohl's
Corp
1,253,498‌
12,547
Lithia
Motors,
Inc
(Class
A)
3,191,706‌
123,594
LKQ
Corp
5,330,609‌
71,584
Lowe's
Cos,
Inc
16,320,436‌
125,470
Macy's,
Inc
2,312,412‌
450
Murphy
USA,
Inc
186,219‌
54,336
Nordstrom,
Inc
1,032,927‌
19,438
(a)
Ollie's
Bargain
Outlet
Holdings,
Inc
1,421,695‌
4,166
(a)
O'Reilly
Automotive,
Inc
4,221,241‌
9,348
Penske
Auto
Group,
Inc
1,429,403‌
185,028
(a),(b)
Petco
Health
&
Wellness
Co,
Inc
277,542‌
5,876
(a)
RH
1,451,666‌
9,728
Ross
Stores,
Inc
1,260,262‌
44,459
(a)
Valvoline,
Inc
1,890,397‌
14,715
(a)
Victoria's
Secret
&
Co
259,278‌
21,328
(a)
Wayfair,
Inc
1,069,599‌
25,755
Williams-Sonoma,
Inc
7,386,019‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
105,037,376‌
CONSUMER
DURABLES
&
APPAREL
-
1
.5
%
9,257
(a),(b)
BK
LC
Lux
Finco
2
Sarl
414,436‌
29,187
Brunswick
Corp
2,353,640‌
52,383
(a)
Capri
Holdings
Ltd
1,858,549‌
16,635
Carter's,
Inc
1,138,000‌
15,726
Columbia
Sportswear
Co
1,252,261‌
140,482
DR
Horton,
Inc
20,017,280‌
71,276
(a)
Garmin
Ltd
10,297,244‌
60,601
Hasbro,
Inc
3,714,841‌
57,443
Leggett
&
Platt,
Inc
1,037,995‌
112,374
Lennar
Corp
(Class
A)
17,038,146‌
4,091
Lennar
Corp
(Class
B)
574,335‌
163,185
(a)
Mattel,
Inc
2,989,549‌
24,513
(a)
Mohawk
Industries,
Inc
2,826,839‌
178,018
Newell
Rubbermaid,
Inc
1,413,463‌
254,793
Nike,
Inc
(Class
B)
23,507,202‌
1,230
(a)
NVR,
Inc
9,149,786‌
22,785
Polaris
Industries,
Inc
1,940,371‌
99,338
Pulte
Homes,
Inc
11,068,240‌
26,974
PVH
Corp
2,934,771‌
18,218
Ralph
Lauren
Corp
2,981,194‌
57,337
(a)
Skechers
U.S.A.,
Inc
(Class
A)
3,787,109‌
99,416
Tapestry,
Inc
3,968,687‌
61,626
Tempur
Sealy
International,
Inc
3,084,998‌
48,094
Toll
Brothers,
Inc
5,728,476‌
13,736
(a)
TopBuild
Corp
5,558,547‌
82,356
(a)
Under
Armour,
Inc
(Class
A)
554,256‌
82,468
(a)
Under
Armour,
Inc
(Class
C)
537,691‌
162,083
VF
Corp
2,019,554‌
24,791
Whirlpool
Corp
2,351,674‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
146,099,134‌
CONSUMER
SERVICES
-
1
.4
%
122,302
ADT,
Inc
794,963‌
120,605
Aramark
3,800,263‌
32,315
Boyd
Gaming
Corp
1,729,176‌
75
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
23,326
(a)
Bright
Horizons
Family
Solutions,
Inc
$
2,419,139‌
57,696
(a)
Caesars
Entertainment,
Inc
2,066,671‌
461,237
(a)
Carnival
Corp
6,835,532‌
4,771
(a)
Cava
Group,
Inc
343,226‌
29,436
Darden
Restaurants,
Inc
4,515,777‌
31,218
(a)
DoorDash,
Inc
4,035,239‌
16,635
(a)
Expedia
Group,
Inc
2,239,570‌
10,188
(a)
Grand
Canyon
Education,
Inc
1,324,644‌
23,092
H&R
Block,
Inc
1,090,635‌
62,639
Hilton
Worldwide
Holdings,
Inc
12,357,422‌
20,078
Hyatt
Hotels
Corp
2,987,406‌
11,875
Las
Vegas
Sands
Corp
526,775‌
16,226
Marriott
Vacations
Worldwide
Corp
1,559,481‌
198,813
McDonald's
Corp
54,283,901‌
127,417
(a)
MGM
Resorts
International
5,025,326‌
32,333
(a),(b)
Mister
Car
Wash,
Inc
216,308‌
148,823
(a)
Norwegian
Cruise
Line
Holdings
Ltd
2,815,731‌
59,353
(a)
Penn
National
Gaming,
Inc
981,699‌
19,262
(a)
Planet
Fitness,
Inc
1,152,638‌
75,928
(a)
Royal
Caribbean
Cruises
Ltd
10,601,827‌
42,305
Service
Corp
International
3,033,691‌
19,496
Travel
&
Leisure
Co
848,856‌
15,489
Vail
Resorts,
Inc
2,933,152‌
35,172
Wyndham
Hotels
&
Resorts,
Inc
2,585,494‌
45,244
Wynn
Resorts
Ltd
4,146,612‌
15,805
Yum!
Brands,
Inc
2,232,456‌
TOTAL
CONSUMER
SERVICES
139,483,610‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.8
%
164,715
Albertsons
Cos,
Inc
3,360,186‌
40,321
(a)
BJ's
Wholesale
Club
Holdings,
Inc
3,011,172‌
14,781
Casey's
General
Stores,
Inc
4,723,712‌
95,328
(a)
Dollar
Tree,
Inc
11,272,536‌
44,769
(a)
Grocery
Outlet
Holding
Corp
1,162,651‌
302,850
Kroger
Co
16,771,833‌
2,871
(a)
Maplebear,
Inc
97,987‌
37,617
(a)
Performance
Food
Group
Co
2,553,442‌
105,057
(a)
US
Foods
Holding
Corp
5,279,114‌
332,417
Walgreens
Boots
Alliance,
Inc
5,893,754‌
1,983,977
Walmart,
Inc
117,749,035‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
171,875,422‌
ENERGY
-
8
.3
%
90,705
Antero
Midstream
Corp
1,255,357‌
131,161
(a)
Antero
Resources
Corp
4,460,786‌
45,322
APA
Corp
1,424,924‌
454,607
Baker
Hughes
Co
14,829,280‌
346,294
Cabot
Oil
&
Gas
Corp
9,474,604‌
57,388
(b)
Chesapeake
Energy
Corp
5,158,033‌
796,922
Chevron
Corp
128,519,611‌
554,183
ConocoPhillips
69,616,468‌
297,448
Devon
Energy
Corp
15,223,389‌
82,775
Diamondback
Energy,
Inc
16,648,536‌
46,508
DT
Midstream,
Inc
2,892,798‌
270,720
EOG
Resources,
Inc
35,770,234‌
167,263
EQT
Corp
6,705,574‌
1,852,282
Exxon
Mobil
Corp
219,069,392‌
333,022
Halliburton
Co
12,478,334‌
56,990
Hess
Corp
8,975,355‌
74,137
HF
Sinclair
Corp
4,021,932‌
910,214
Kinder
Morgan,
Inc
16,638,712‌
270,756
Marathon
Oil
Corp
7,269,799‌
170,771
Marathon
Petroleum
Corp
31,032,506‌
181,815
NOV,
Inc
3,361,759‌
Large
Cap
Value
Index
Fund
April
30,
2024
76
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
318,994
Occidental
Petroleum
Corp
$
21,098,263‌
251,557
ONEOK,
Inc
19,903,190‌
66,276
Ovintiv,
Inc
3,401,284‌
204,207
Phillips
66
29,244,484‌
106,976
Pioneer
Natural
Resources
Co
28,810,776‌
108,558
Range
Resources
Corp
3,898,318‌
661,642
Schlumberger
Ltd
31,414,762‌
508,712
(a)
Southwestern
Energy
Co
3,810,253‌
203,192
TechnipFMC
plc
5,205,779‌
157,603
Valero
Energy
Corp
25,195,992‌
565,258
Williams
Cos,
Inc
21,683,297‌
TOTAL
ENERGY
808,493,781‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
4
.1
%
45,835
Agree
Realty
Corp
2,622,679‌
80,472
Alexandria
Real
Estate
Equities,
Inc
9,324,291‌
154,312
American
Homes
4
Rent
5,524,370‌
129,475
Americold
Realty
Trust,
Inc
2,844,566‌
67,085
Apartment
Income
REIT
Corp
2,574,722‌
65,743
AvalonBay
Communities,
Inc
12,462,901‌
72,733
Boston
Properties,
Inc
4,501,445‌
138,493
Brixmor
Property
Group,
Inc
3,060,695‌
48,084
Camden
Property
Trust
4,793,013‌
68,757
Cousins
Properties,
Inc
1,577,286‌
179,564
Crown
Castle,
Inc
16,839,512‌
103,683
CubeSmart
4,192,941‌
140,212
Digital
Realty
Trust,
Inc
19,458,621‌
21,182
EastGroup
Properties,
Inc
3,290,836‌
35,726
EPR
Properties
1,450,118‌
21,584
Equinix,
Inc
15,348,598‌
55,381
Equity
Lifestyle
Properties,
Inc
3,338,920‌
173,021
Equity
Residential
11,142,552‌
29,603
Essex
Property
Trust,
Inc
7,289,739‌
97,062
Extra
Space
Storage,
Inc
13,033,485‌
37,431
Federal
Realty
Investment
Trust
3,899,187‌
61,116
First
Industrial
Realty
Trust,
Inc
2,775,889‌
119,085
Gaming
and
Leisure
Properties,
Inc
5,088,502‌
175,969
Healthcare
Realty
Trust,
Inc
2,504,039‌
327,455
Healthpeak
Properties,
Inc
6,093,938‌
46,400
Highwoods
Properties,
Inc
1,215,680‌
324,198
Host
Hotels
&
Resorts
Inc
6,117,616‌
283,460
Invitation
Homes,
Inc
9,694,332‌
68,122
Iron
Mountain,
Inc
5,280,817‌
54,034
Kilroy
Realty
Corp
1,826,349‌
304,128
Kimco
Realty
Corp
5,665,905‌
9,516
Lamar
Advertising
Co
1,102,429‌
238,545
Medical
Properties
Trust,
Inc
1,097,307‌
53,834
Mid-America
Apartment
Communities,
Inc
6,998,420‌
83,967
National
Retail
Properties,
Inc
3,403,183‌
36,895
National
Storage
Affiliates
Trust
1,292,801‌
6,168
NET
Lease
Office
Properties
141,000‌
113,453
Omega
Healthcare
Investors,
Inc
3,450,106‌
97,964
Park
Hotels
&
Resorts,
Inc
1,580,159‌
425,658
Prologis,
Inc
43,438,399‌
30,460
Public
Storage,
Inc
7,902,847‌
67,978
Rayonier,
Inc
2,016,227‌
385,985
Realty
Income
Corp
20,665,637‌
83,701
Regency
Centers
Corp
4,956,773‌
97,537
Rexford
Industrial
Realty,
Inc
4,175,559‌
44,797
SBA
Communications
Corp
8,337,618‌
117,766
Simon
Property
Group,
Inc
16,549,656‌
84,900
STAG
Industrial,
Inc
2,919,711‌
44,563
Sun
Communities,
Inc
4,960,753‌
77
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
143,574
UDR,
Inc
$
5,467,298‌
185,341
Ventas,
Inc
8,206,899‌
479,816
VICI
Properties,
Inc
13,698,747‌
82,471
Vornado
Realty
Trust
2,146,720‌
257,240
Welltower,
Inc
24,509,827‌
339,777
Weyerhaeuser
Co
10,251,072‌
100,498
WP
Carey,
Inc
5,511,310‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
399,614,002‌
FINANCIAL
SERVICES
-
11
.4
%
16,034
Affiliated
Managers
Group,
Inc
2,502,907‌
104,451
(a)
Affirm
Holdings,
Inc
3,329,898‌
322,909
AGNC
Investment
Corp
2,954,617‌
125,485
Ally
Financial,
Inc
4,812,350‌
179,814
American
Express
Co
42,081,870‌
231,776
Annaly
Capital
Management,
Inc
4,343,482‌
352,869
Bank
of
New
York
Mellon
Corp
19,933,570‌
848,164
(a)
Berkshire
Hathaway,
Inc
336,492,104‌
68,646
BlackRock,
Inc
51,803,017‌
160,781
(a)
Block,
Inc
11,737,013‌
179,755
Blue
Owl
Capital,
Inc
3,395,572‌
175,983
Capital
One
Financial
Corp
25,241,242‌
97,807
Carlyle
Group,
Inc
4,381,754‌
48,786
Cboe
Global
Markets,
Inc
8,837,584‌
684,437
Charles
Schwab
Corp
50,614,116‌
165,327
CME
Group,
Inc
34,659,152‌
79,506
(a)
Coinbase
Global,
Inc
16,213,659‌
106,128
Corebridge
Financial,
Inc
2,818,760‌
2,174
(a)
Corpay,
Inc
656,852‌
2,956
(a)
Credit
Acceptance
Corp
1,518,556‌
115,792
Discover
Financial
Services
14,674,320‌
10,237
(a)
Euronet
Worldwide,
Inc
1,051,135‌
16,291
Evercore
Partners,
Inc
(Class
A)
2,956,816‌
274,802
Fidelity
National
Information
Services,
Inc
18,664,552‌
201,555
(a)
Fiserv,
Inc
30,771,402‌
138,774
Franklin
Resources,
Inc
3,169,598‌
119,684
Global
Payments,
Inc
14,693,605‌
146,496
Goldman
Sachs
Group,
Inc
62,511,308‌
21,703
Houlihan
Lokey,
Inc
2,766,915‌
48,065
Interactive
Brokers
Group,
Inc
(Class
A)
5,533,243‌
262,847
Intercontinental
Exchange,
Inc
33,844,180‌
162,301
Invesco
Ltd
2,299,805‌
215,689
iShares
Russell
1000
Value
Index
Fund
36,990,663‌
23,024
Jack
Henry
&
Associates,
Inc
3,745,775‌
63,089
Janus
Henderson
Group
plc
1,969,639‌
81,774
Jefferies
Financial
Group,
Inc
3,521,188‌
232,207
KKR
&
Co,
Inc
21,611,505‌
50,701
Lazard,
Inc
1,951,989‌
128,089
MGIC
Investment
Corp
2,597,645‌
6,656
Moody's
Corp
2,464,916‌
543,230
Morgan
Stanley
49,347,013‌
17,817
MSCI,
Inc
(Class
A)
8,298,980‌
170,985
Nasdaq
Stock
Market,
Inc
10,233,452‌
30,171
(a)
NCR
Corp
ATM
601,308‌
93,834
Northern
Trust
Corp
7,730,983‌
51,106
OneMain
Holdings,
Inc
2,663,134‌
47,231
(a)
PayPal
Holdings,
Inc
3,207,930‌
87,784
Raymond
James
Financial,
Inc
10,709,648‌
200,696
Rithm
Capital
Corp
2,231,740‌
293,503
(a)
Robinhood
Markets,
Inc
4,839,864‌
22,908
(a),(b)
Rocket
Cos,
Inc
281,310‌
134,921
S&P
Global,
Inc
56,104,199‌
46,446
SEI
Investments
Co
3,063,114‌
Large
Cap
Value
Index
Fund
April
30,
2024
78
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
60,024
SLM
Corp
$
1,271,909‌
435,990
(a),(b)
SoFi
Technologies,
Inc
2,956,012‌
136,362
Starwood
Property
Trust,
Inc
2,586,787‌
139,887
State
Street
Corp
10,140,409‌
45,277
Stifel
Financial
Corp
3,618,538‌
187,921
Synchrony
Financial
8,264,766‌
102,336
T
Rowe
Price
Group,
Inc
11,212,956‌
25,692
TFS
Financial
Corp
308,561‌
23,548
TPG,
Inc
1,014,919‌
34,956
Tradeweb
Markets,
Inc
3,555,375‌
41,634
(b)
UWM
Holdings
Corp
262,294‌
40,188
Virtu
Financial,
Inc
872,080‌
44,811
Voya
Financial,
Inc
3,054,318‌
145,423
Western
Union
Co
1,954,485‌
10,738
(a)
WEX,
Inc
2,268,510‌
137,368
XP,
Inc
2,811,923‌
TOTAL
FINANCIAL
SERVICES
1,111,584,791‌
FOOD,
BEVERAGE
&
TOBACCO
-
4
.1
%
822,758
Altria
Group,
Inc
36,045,028‌
247,843
Archer-Daniels-Midland
Co
14,538,470‌
309
(a)
Boston
Beer
Co,
Inc
(Class
A)
86,029‌
3,626
Brown-Forman
Corp
(Class
A)
177,928‌
16,370
Brown-Forman
Corp
(Class
B)
783,304‌
67,126
Bunge
Global
S.A.
6,830,742‌
90,269
Campbell
Soup
Co
4,126,196‌
906,771
Coca-Cola
Co
56,011,245‌
220,542
ConAgra
Brands,
Inc
6,788,283‌
67,271
Constellation
Brands,
Inc
(Class
A)
17,050,508‌
73,484
(a)
Darling
International,
Inc
3,113,517‌
86,889
Flowers
Foods,
Inc
2,167,012‌
14,305
(a)
Freshpet,
Inc
1,517,331‌
263,607
General
Mills,
Inc
18,573,749‌
17,401
Hershey
Co
3,374,402‌
134,196
Hormel
Foods
Corp
4,772,010‌
30,927
Ingredion,
Inc
3,543,925‌
47,615
J.M.
Smucker
Co
5,468,583‌
120,421
Kellogg
Co
6,967,559‌
442,368
Keurig
Dr
Pepper,
Inc
14,907,802‌
372,723
Kraft
Heinz
Co
14,390,835‌
3,010
Lamb
Weston
Holdings,
Inc
250,853‌
116,599
McCormick
&
Co,
Inc
8,868,520‌
81,046
Molson
Coors
Brewing
Co
(Class
B)
4,640,694‌
631,494
Mondelez
International,
Inc
45,429,678‌
197,642
PepsiCo,
Inc
34,767,204‌
717,682
Philip
Morris
International,
Inc
68,136,729‌
20,521
(a)
Pilgrim's
Pride
Corp
739,166‌
23,523
(a)
Post
Holdings,
Inc
2,496,966‌
132
Seaboard
Corp
436,935‌
128,889
Tyson
Foods,
Inc
(Class
A)
7,817,118‌
20,841
WK
Kellogg
Co
486,429‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
395,304,750‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
6
.4
%
750,618
Abbott
Laboratories
79,542,989‌
40,432
(a)
Acadia
Healthcare
Co,
Inc
2,989,542‌
15,987
(a),(b)
agilon
health,
Inc
87,928‌
13,517
(a)
Amedisys,
Inc
1,244,240‌
234,603
Baxter
International,
Inc
9,470,923‌
134,485
Becton
Dickinson
&
Co
31,550,181‌
679,210
(a)
Boston
Scientific
Corp
48,814,823‌
55,843
Cardinal
Health,
Inc
5,754,063‌
247,727
(a)
Centene
Corp
18,098,935‌
32,917
(a)
Certara,
Inc
563,210‌
79
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
1,932
Chemed
Corp
$
1,097,376‌
122,867
Cigna
Group
43,868,434‌
90,152
(a)
Cooper
Cos,
Inc
8,028,937‌
594,722
CVS
Health
Corp
40,268,627‌
97,965
Dentsply
Sirona,
Inc
2,939,930‌
29,602
(a)
Doximity,
Inc
719,033‌
94,893
Elevance
Health,
Inc
50,158,542‌
42,638
Encompass
Health
Corp
3,555,156‌
24,845
(a)
Enovis
Corp
1,372,189‌
75,857
(a)
Envista
Holdings
Corp
1,492,866‌
178,851
GE
HealthCare
Technologies,
Inc
13,635,600‌
38,742
(a)
Globus
Medical,
Inc
1,928,964‌
73,230
HCA,
Inc
22,688,119‌
60,423
(a)
Henry
Schein,
Inc
4,186,105‌
107,289
(a)
Hologic,
Inc
8,129,287‌
32,107
Humana,
Inc
9,699,204‌
8,735
(a)
ICU
Medical,
Inc
855,331‌
30,512
(a)
Integra
LifeSciences
Holdings
Corp
890,035‌
39,319
Laboratory
Corp
of
America
Holdings
7,917,667‌
37,707
McKesson
Corp
20,256,577‌
616,878
Medtronic
plc
49,498,291‌
12,391
(a)
Molina
Healthcare,
Inc
4,238,961‌
56,048
Premier,
Inc
1,170,282‌
66,048
(a)
Project
Roadrunner
Parent,
Inc
811,730‌
51,939
Quest
Diagnostics,
Inc
7,176,931‌
23,974
(a)
QuidelOrtho
Corp
972,146‌
63,812
(a)
Solventum
Corp
4,148,418‌
46,022
STERIS
plc
9,414,260‌
122,202
Stryker
Corp
41,120,973‌
24,078
(a)
Tandem
Diabetes
Care,
Inc
883,422‌
75,421
(a)
Teladoc
Health,
Inc
961,618‌
21,786
Teleflex,
Inc
4,547,827‌
46,813
(a)
Tenet
Healthcare
Corp
5,256,632‌
68,628
UnitedHealth
Group,
Inc
33,195,364‌
27,300
Universal
Health
Services,
Inc
(Class
B)
4,652,739‌
97,424
Zimmer
Biomet
Holdings,
Inc
11,718,159‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
621,572,566‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
2
.1
%
10,818
Church
&
Dwight
Co,
Inc
1,167,154‌
377,730
Colgate-Palmolive
Co
34,720,942‌
173,464
(a)
Coty,
Inc
1,984,428‌
73,112
Estee
Lauder
Cos
(Class
A)
10,726,262‌
532,237
Kenvue,
Inc
10,016,700‌
10,212
Kimberly-Clark
Corp
1,394,244‌
56,282
(a)
Olaplex
Holdings,
Inc
78,232‌
885,773
Procter
&
Gamble
Co
144,558,154‌
18,990
Reynolds
Consumer
Products,
Inc
543,684‌
14,151
Spectrum
Brands
Holdings,
Inc
1,158,542‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
206,348,342‌
INSURANCE
-
4
.0
%
269,367
Aflac,
Inc
22,532,550‌
121,746
Allstate
Corp
20,704,125‌
33,146
American
Financial
Group,
Inc
4,234,402‌
325,811
American
International
Group,
Inc
24,536,826‌
92,024
Aon
plc
25,951,688‌
142,554
(a)
Arch
Capital
Group
Ltd
13,334,501‌
24,516
Assurant,
Inc
4,275,590‌
25,181
Assured
Guaranty
Ltd
1,931,383‌
32,811
Axis
Capital
Holdings
Ltd
2,012,299‌
25,806
(a)
Brighthouse
Financial,
Inc
1,245,140‌
67,028
Brown
&
Brown,
Inc
5,465,463‌
187,358
Chubb
Ltd
46,584,693‌
Large
Cap
Value
Index
Fund
April
30,
2024
80
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
71,216
Cincinnati
Financial
Corp
$
8,238,979‌
8,689
CNA
Financial
Corp
381,795‌
17,187
Everest
Re
Group
Ltd
6,297,489‌
120,315
Fidelity
National
Financial,
Inc
5,955,593‌
46,433
First
American
Financial
Corp
2,487,416‌
93,889
Gallagher
(Arthur
J.)
&
Co
22,034,809‌
40,093
Globe
Life,
Inc
3,053,884‌
16,421
Hanover
Insurance
Group,
Inc
2,131,774‌
137,913
Hartford
Financial
Services
Group,
Inc
13,362,391‌
26,911
Kemper
Corp
1,569,180‌
69,303
Lincoln
National
Corp
1,889,893‌
82,190
Loews
Corp
6,176,579‌
6,093
(a)
Markel
Corp
8,886,031‌
44,682
Marsh
&
McLennan
Cos,
Inc
8,910,931‌
289,341
Metlife,
Inc
20,566,358‌
119,076
Old
Republic
International
Corp
3,555,609‌
5,498
Primerica,
Inc
1,164,806‌
110,009
Principal
Financial
Group
8,706,112‌
66,679
Progressive
Corp
13,885,902‌
168,421
Prudential
Financial,
Inc
18,607,152‌
30,817
Reinsurance
Group
of
America,
Inc
(Class
A)
5,762,471‌
17,621
RenaissanceRe
Holdings
Ltd
3,863,404‌
15,486
RLI
Corp
2,188,946‌
105,803
Travelers
Cos,
Inc
22,447,164‌
85,297
Unum
Group
4,324,558‌
92,672
W.R.
Berkley
Corp
7,132,964‌
1,130
White
Mountains
Insurance
Group
Ltd
2,009,298‌
41,986
Willis
Towers
Watson
plc
10,544,364‌
TOTAL
INSURANCE
388,944,512‌
MATERIALS
-
4
.8
%
102,983
Air
Products
&
Chemicals,
Inc
24,339,002‌
54,336
Albemarle
Corp
6,537,164‌
82,448
Alcoa
Corp
2,897,223‌
667,650
Amcor
plc
5,968,791‌
28,843
Aptargroup,
Inc
4,164,352‌
20,707
Ardagh
Metal
Packaging
S.A.
81,793‌
23,104
Ashland,
Inc
2,202,504‌
25,109
Avery
Dennison
Corp
5,455,684‌
91,513
(a)
Axalta
Coating
Systems
Ltd
2,877,169‌
142,946
Ball
Corp
9,944,753‌
52,470
Berry
Global
Group,
Inc
2,971,901‌
45,833
Celanese
Corp
(Series
A)
7,040,407‌
89,301
CF
Industries
Holdings,
Inc
7,052,100‌
63,990
Chemours
Co
1,711,732‌
231,027
(a)
Cleveland-Cliffs,
Inc
3,904,356‌
327,462
Corteva,
Inc
17,725,518‌
49,182
Crown
Holdings,
Inc
4,036,367‌
328,420
Dow,
Inc
18,687,098‌
199,656
DuPont
de
Nemours,
Inc
14,475,060‌
5,384
Eagle
Materials,
Inc
1,349,823‌
54,950
Eastman
Chemical
Co
5,189,478‌
25,605
Ecolab,
Inc
5,790,571‌
108,012
Element
Solutions,
Inc
2,498,318‌
49,281
FMC
Corp
2,908,072‌
657,693
Freeport-McMoRan,
Inc
(Class
B)
32,845,188‌
717,117
(a),(b)
Ginkgo
Bioworks
Holdings,
Inc
639,023‌
65,525
Graphic
Packaging
Holding
Co
1,693,821‌
78,504
Huntsman
Corp
1,873,105‌
118,492
International
Flavors
&
Fragrances,
Inc
10,030,348‌
160,608
International
Paper
Co
5,611,644‌
203,293
Linde
plc
89,644,081‌
30,347
Louisiana-Pacific
Corp
2,221,097‌
81
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
120,014
LyondellBasell
Industries
NV
$
11,997,800‌
28,630
Martin
Marietta
Materials,
Inc
16,807,814‌
151,070
Mosaic
Co
4,742,087‌
44,935
(a),(b)
MP
Materials
Corp
718,960‌
3,003
NewMarket
Corp
1,582,341‌
535,579
Newmont
Goldcorp
Corp
21,765,931‌
114,014
Nucor
Corp
19,214,779‌
55,661
Olin
Corp
2,909,957‌
41,014
Packaging
Corp
of
America
7,094,602‌
81,556
PPG
Industries,
Inc
10,520,724‌
26,490
Reliance
Steel
&
Aluminum
Co
7,542,233‌
30,477
Royal
Gold,
Inc
3,661,202‌
47,767
RPM
International,
Inc
5,106,770‌
27,768
Sealed
Air
Corp
874,137‌
18,423
Sherwin-Williams
Co
5,519,715‌
38,314
Silgan
Holdings,
Inc
1,787,731‌
45,226
Sonoco
Products
Co
2,534,917‌
92,143
SSR
Mining,
Inc
493,886‌
70,697
Steel
Dynamics,
Inc
9,199,094‌
102,711
United
States
Steel
Corp
3,748,951‌
47,170
Vulcan
Materials
Co
12,152,407‌
14,342
Westlake
Chemical
Corp
2,113,437‌
117,808
Westrock
Co
5,650,072‌
TOTAL
MATERIALS
462,107,090‌
MEDIA
&
ENTERTAINMENT
-
2
.7
%
87,886
(a)
AMC
Entertainment
Holdings,
Inc
257,506‌
2,263
Cable
One,
Inc
891,283‌
1,822,084
Comcast
Corp
(Class
A)
69,439,621‌
125,616
Electronic
Arts,
Inc
15,930,621‌
112,867
Fox
Corp
(Class
A)
3,500,006‌
62,899
Fox
Corp
(Class
B)
1,803,943‌
32,638
(a)
IAC,
Inc
1,552,263‌
178,786
Interpublic
Group
of
Cos,
Inc
5,442,246‌
42,813
(a)
Liberty
Broadband
Corp
2,129,090‌
4,845
(a)
Liberty
Broadband
Corp
(Class
A)
242,880‌
11,446
(a)
Liberty
Media
Corp-Liberty
Formula
One
(Class
A)
712,742‌
89,964
(a)
Liberty
Media
Corp-Liberty
Formula
One
(Class
C)
6,294,781‌
8,510
(a)
Liberty
Media
Corp-Liberty
Live
(Class
A)
305,169‌
20,174
(a)
Liberty
Media
Corp-Liberty
Live
(Class
C)
752,894‌
71,149
(a)
Liberty
Media
Corp-Liberty
SiriusXM
1,711,845‌
36,114
(a)
Liberty
Media
Corp-Liberty
SiriusXM
(Class
A)
868,903‌
56,258
(a)
Live
Nation,
Inc
5,001,899‌
8,610
(a)
Madison
Square
Garden
Sports
Corp
1,600,771‌
12,546
(a)
Match
Group,
Inc
386,668‌
74,870
New
York
Times
Co
(Class
A)
3,221,656‌
176,497
News
Corp
(Class
A)
4,200,629‌
56,770
News
Corp
(Class
B)
1,393,136‌
9,713
Nexstar
Media
Group,
Inc
1,554,663‌
91,535
Omnicom
Group,
Inc
8,498,109‌
5,322
Paramount
Global
(Class
A)
110,112‌
267,598
Paramount
Global
(Class
B)
3,047,941‌
50,785
(a)
Roku,
Inc
2,928,263‌
305,506
(b)
Sirius
XM
Holdings,
Inc
898,188‌
76,530
(a)
Take-Two
Interactive
Software,
Inc
10,929,249‌
50,439
(a)
TripAdvisor,
Inc
1,328,059‌
846,770
Walt
Disney
Co
94,076,147‌
1,022,718
(a)
Warner
Bros
Discovery,
Inc
7,527,204‌
65,101
(a)
ZoomInfo
Technologies,
Inc
1,032,502‌
TOTAL
MEDIA
&
ENTERTAINMENT
259,570,989‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.6
%
25,342
Agilent
Technologies,
Inc
3,472,868‌
11,450
(a)
Alnylam
Pharmaceuticals,
Inc
1,648,227‌
Large
Cap
Value
Index
Fund
April
30,
2024
82
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
79,388
Amgen,
Inc
$
21,747,549‌
313,057
(a)
Avantor,
Inc
7,585,371‌
66,866
(a)
Biogen,
Inc
14,364,154‌
76,572
(a)
BioMarin
Pharmaceutical,
Inc
6,183,955‌
9,538
(a)
Bio-Rad
Laboratories,
Inc
(Class
A)
2,572,875‌
3,833
Bio-Techne
Corp
242,284‌
945,613
Bristol-Myers
Squibb
Co
41,550,235‌
25,787
(a)
Brooks
Automation,
Inc
1,352,786‌
78,914
(a)
Catalent,
Inc
4,407,347‌
23,542
(a)
Charles
River
Laboratories
International,
Inc
5,391,118‌
304,501
Danaher
Corp
75,096,037‌
227,246
(a)
Elanco
Animal
Health,
Inc
2,990,557‌
54,093
(a)
Exact
Sciences
Corp
3,210,420‌
36,303
(a)
Exelixis,
Inc
851,668‌
41,042
(a)
Fortrea
Holdings,
Inc
1,501,727‌
576,019
Gilead
Sciences,
Inc
37,556,439‌
32,184
(a)
ICON
plc
9,586,970‌
51,516
(a)
Illumina,
Inc
6,339,044‌
22,798
(a)
Incyte
Corp
1,186,636‌
9,564
(a)
Ionis
Pharmaceuticals,
Inc
394,611‌
6,252
(a)
IQVIA
Holdings,
Inc
1,449,026‌
13,647
(a)
Jazz
Pharmaceuticals
plc
1,511,405‌
1,116,368
Johnson
&
Johnson
161,415,649‌
19,978
(a)
Maravai
LifeSciences
Holdings,
Inc
163,820‌
959,923
Merck
&
Co,
Inc
124,041,250‌
154,334
(a)
Moderna,
Inc
17,024,583‌
118,461
Organon
&
Co
2,204,559‌
57,521
PerkinElmer,
Inc
5,894,177‌
62,527
Perrigo
Co
plc
2,042,132‌
2,624,447
Pfizer,
Inc
67,238,332‌
102,442
QIAGEN
NV
4,336,370‌
44,037
(a)
Regeneron
Pharmaceuticals,
Inc
39,221,994‌
14,368
(a)
Repligen
Corp
2,359,226‌
23,076
(a)
Roivant
Sciences
Ltd
251,528‌
172,178
Royalty
Pharma
plc
4,769,331‌
12,671
(a)
Sotera
Health
Co
141,915‌
68,802
Thermo
Fisher
Scientific,
Inc
39,129,073‌
20,938
(a)
United
Therapeutics
Corp
4,906,402‌
9,510
(a)
Vertex
Pharmaceuticals,
Inc
3,735,623‌
554,959
Viatris,
Inc
6,420,876‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
737,490,149‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.2
%
140,967
(a)
CBRE
Group,
Inc
12,248,623‌
15,152
(a)
Howard
Hughes
Holdings,
Inc
987,305‌
21,969
(a)
Jones
Lang
LaSalle,
Inc
3,969,798‌
23,759
(a)
Zillow
Group,
Inc
(Class
A)
997,878‌
71,646
(a)
Zillow
Group,
Inc
(Class
C)
3,049,970‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
21,253,574‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
3
.8
%
320,890
(a)
Advanced
Micro
Devices,
Inc
50,822,558‌
229,834
Analog
Devices,
Inc
46,106,999‌
59,185
Applied
Materials,
Inc
11,757,100‌
25,034
(a)
Cirrus
Logic,
Inc
2,217,261‌
65,667
Entegris,
Inc
8,728,458‌
49,390
(a)
First
Solar,
Inc
8,707,457‌
36,350
(a),(b)
GLOBALFOUNDRIES,
Inc
1,776,788‌
1,950,638
Intel
Corp
59,435,940‌
3,229
Lam
Research
Corp
2,888,050‌
396,757
Marvell
Technology,
Inc
26,150,254‌
70,086
Microchip
Technology,
Inc
6,446,510‌
505,033
Micron
Technology,
Inc
57,048,528‌
30,770
MKS
Instruments,
Inc
3,661,014‌
83
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
200,146
(a)
ON
Semiconductor
Corp
$
14,042,243‌
45,389
(a)
Qorvo,
Inc
5,303,251‌
66,305
QUALCOMM,
Inc
10,996,684‌
73,744
Skyworks
Solutions,
Inc
7,860,373‌
11,249
Teradyne,
Inc
1,308,484‌
249,571
Texas
Instruments,
Inc
44,029,316‌
11,863
Universal
Display
Corp
1,874,117‌
60,102
(a),(b)
Wolfspeed,
Inc
1,624,557‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
372,785,942‌
SOFTWARE
&
SERVICES
-
2
.9
%
69,285
(a)
Akamai
Technologies,
Inc
6,992,935‌
53,464
Amdocs
Ltd
4,490,441‌
7,039
(a)
Ansys,
Inc
2,286,830‌
69,242
(a)
AppLovin
Corp
4,886,408‌
12,733
(a)
Aspentech
Corp
2,506,746‌
6,061
Bentley
Systems,
Inc
318,384‌
47,585
(a)
BILL
Holdings,
Inc
2,967,401‌
157,682
(a)
CCC
Intelligent
Solutions
Holdings,
Inc
1,769,192‌
63,336
(a)
Ceridian
HCM
Holding,
Inc
3,886,930‌
232,957
Cognizant
Technology
Solutions
Corp
(Class
A)
15,300,616‌
27,043
Dolby
Laboratories,
Inc
(Class
A)
2,100,159‌
15,496
(a)
Dropbox,
Inc
358,887‌
79,797
(a)
DXC
Technology
Co
1,555,243‌
215,390
Gen
Digital,
Inc
4,337,955‌
25,717
(a)
GoDaddy,
Inc
3,147,246‌
37,811
(a)
Guidewire
Software,
Inc
4,174,334‌
12,678
(a)
HashiCorp,
Inc
411,528‌
18,478
(a)
Informatica,
Inc
572,264‌
420,268
International
Business
Machines
Corp
69,848,542‌
106,857
(a)
Kyndryl
Holdings,
Inc
2,100,809‌
30,830
(a)
nCino
OpCo,
Inc
899,003‌
60,343
(a)
NCR
Corp
739,202‌
85,327
(a)
Nutanix,
Inc
5,179,349‌
66,398
(a)
Okta,
Inc
6,173,686‌
419,537
Oracle
Corp
47,722,334‌
12,937
(a)
Paycor
HCM,
Inc
224,716‌
24,263
(a)
PTC,
Inc
4,305,227‌
49,069
Roper
Industries,
Inc
25,096,831‌
106,926
Salesforce,
Inc
28,756,678‌
96,390
(a)
SentinelOne,
Inc
2,036,721‌
65,576
(a)
Twilio,
Inc
3,926,691‌
4,701
(a)
Tyler
Technologies,
Inc
2,169,746‌
37,819
(a)
UiPath,
Inc
717,426‌
81,840
(a)
Unity
Software,
Inc
1,986,257‌
38,987
(a)
VeriSign,
Inc
6,607,517‌
119,634
(a)
Zoom
Video
Communications,
Inc
7,309,637‌
TOTAL
SOFTWARE
&
SERVICES
277,863,871‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2
.3
%
134,426
Amphenol
Corp
(Class
A)
16,234,628‌
24,940
(a)
Arrow
Electronics,
Inc
3,184,090‌
42,751
Avnet,
Inc
2,089,241‌
3,810
CDW
Corp
921,487‌
66,784
(a)
Ciena
Corp
3,087,424‌
1,877,202
Cisco
Systems,
Inc
88,190,950‌
80,084
Cognex
Corp
3,326,689‌
60,234
(a)
Coherent
Corp
3,290,583‌
352,890
Corning,
Inc
11,779,468‌
21,764
Crane
NXT
Co
1,323,469‌
27,403
(a)
F5
Networks,
Inc
4,529,990‌
602,158
Hewlett
Packard
Enterprise
Co
10,236,686‌
319,122
HP,
Inc
8,964,137‌
12,912
(a)
IPG
Photonics
Corp
1,084,350‌
Large
Cap
Value
Index
Fund
April
30,
2024
84
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
21,629
Jabil
Inc
$
2,538,379‌
147,551
Juniper
Networks,
Inc
5,137,726‌
60,184
(a)
Keysight
Technologies,
Inc
8,903,621‌
11,209
Littelfuse,
Inc
2,585,244‌
29,442
(a)
Lumentum
Holdings,
Inc
1,288,382‌
5,683
Motorola
Solutions,
Inc
1,927,390‌
57,510
NetApp,
Inc
5,878,097‌
29,155
(a)
Pure
Storage,
Inc
1,469,412‌
31,379
TD
SYNNEX
Corp
3,697,701‌
21,614
(a)
Teledyne
Technologies,
Inc
8,245,309‌
114,302
(a)
Trimble
Inc
6,866,121‌
1,001
Ubiquiti,
Inc
107,688‌
51,477
(a)
Viasat,
Inc
818,999‌
47,724
Vontier
Corp
1,939,026‌
150,493
(a)
Western
Digital
Corp
10,659,419‌
19,470
(a)
Zebra
Technologies
Corp
(Class
A)
6,124,483‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
226,430,189‌
TELECOMMUNICATION
SERVICES
-
1
.8
%
3,307,688
AT&T,
Inc
55,866,850‌
113,547
(a)
Frontier
Communications
Parent,
Inc
2,627,478‌
43,240
(a),(c)
GCI
Liberty,
Inc
432‌
3,449
Iridium
Communications,
Inc
106,195‌
225,420
T-Mobile
US,
Inc
37,007,201‌
1,947,247
Verizon
Communications,
Inc
76,896,784‌
TOTAL
TELECOMMUNICATION
SERVICES
172,504,940‌
TRANSPORTATION
-
2
.3
%
57,458
(a)
Alaska
Air
Group,
Inc
2,471,843‌
3,876
(a)
Amerco,
Inc
245,079‌
175,109
(a)
American
Airlines
Group,
Inc
2,365,723‌
5,792
Avis
Budget
Group,
Inc
552,846‌
10,983
CH
Robinson
Worldwide,
Inc
779,793‌
814,475
CSX
Corp
27,056,860‌
282,594
Delta
Air
Lines,
Inc
14,149,482‌
58,933
Expeditors
International
Washington,
Inc
6,559,832‌
106,572
FedEx
Corp
27,898,418‌
54,226
(a)
GXO
Logistics,
Inc
2,692,863‌
74,658
(a)
Hertz
Global
Holdings,
Inc
339,694‌
30,641
JB
Hunt
Transport
Services,
Inc
4,981,307‌
27,308
(a)
Kirby
Corp
2,980,122‌
72,379
Knight-Swift
Transportation
Holdings,
Inc
3,346,081‌
3,151
Landstar
System,
Inc
549,566‌
105,487
Norfolk
Southern
Corp
24,295,766‌
5,886
Old
Dominion
Freight
Line
1,069,545‌
20,265
Ryder
System,
Inc
2,469,290‌
10,963
(a)
Saia,
Inc
4,350,447‌
21,540
Schneider
National,
Inc
445,447‌
275,778
Southwest
Airlines
Co
7,153,681‌
28,808
U-Haul
Holding
Co
1,766,507‌
160,691
Union
Pacific
Corp
38,109,478‌
151,580
(a)
United
Airlines
Holdings,
Inc
7,800,307‌
243,143
United
Parcel
Service,
Inc
(Class
B)
35,858,730‌
52,841
(a)
XPO,
Inc
5,678,294‌
TOTAL
TRANSPORTATION
225,967,001‌
UTILITIES
-
4
.9
%
120,425
AES
Corp
2,155,607‌
118,056
Alliant
Energy
Corp
5,879,189‌
121,391
Ameren
Corp
8,967,153‌
244,350
American
Electric
Power
Co,
Inc
21,021,431‌
90,364
American
Water
Works
Co,
Inc
11,053,324‌
68,140
Atmos
Energy
Corp
8,033,706‌
30,989
Avangrid,
Inc
1,132,028‌
85
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
61,700
Brookfield
Renewable
Corp
$
1,433,908‌
292,399
Centerpoint
Energy,
Inc
8,520,507‌
14,977
Clearway
Energy,
Inc
(Class
A)
325,151‌
35,390
Clearway
Energy,
Inc
(Class
C)
827,418‌
134,739
CMS
Energy
Corp
8,166,531‌
162,007
Consolidated
Edison,
Inc
15,293,461‌
147,780
Constellation
Energy
Corp
27,478,213‌
388,076
Dominion
Energy,
Inc
19,784,114‌
95,514
DTE
Energy
Co
10,537,104‌
357,858
Duke
Energy
Corp
35,163,127‌
175,314
Edison
International
12,457,813‌
99,050
Entergy
Corp
10,565,664‌
116,150
Essential
Utilities,
Inc
4,248,767‌
103,126
Evergy,
Inc
5,408,959‌
161,678
Eversource
Energy
9,800,920‌
461,392
Exelon
Corp
17,339,111‌
247,525
FirstEnergy
Corp
9,490,109‌
47,632
Hawaiian
Electric
Industries,
Inc
469,175‌
22,733
Idacorp,
Inc
2,154,634‌
41,092
National
Fuel
Gas
Co
2,181,985‌
949,030
NextEra
Energy,
Inc
63,556,539‌
194,986
NiSource,
Inc
5,432,310‌
100,076
NRG
Energy,
Inc
7,272,523‌
91,887
OGE
Energy
Corp
3,183,885‌
945,539
PG&E
Corp
16,178,172‌
52,425
Pinnacle
West
Capital
Corp
3,861,101‌
345,693
PPL
Corp
9,492,730‌
230,747
Public
Service
Enterprise
Group,
Inc
15,940,003‌
292,379
Sempra
Energy
20,943,108‌
505,912
Southern
Co
37,184,532‌
96,800
UGI
Corp
2,474,208‌
116,246
Vistra
Corp
8,816,097‌
146,324
WEC
Energy
Group,
Inc
12,092,215‌
255,703
Xcel
Energy,
Inc
13,738,922‌
TOTAL
UTILITIES
480,055,454‌
TOTAL
COMMON
STOCKS
9,710,738,507‌
(Cost
$6,866,820,086)
TOTAL
LONG-TERM
INVESTMENTS
9,710,738,507‌
(Cost
$6,866,820,086)
RATE
EXP
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.2%
18,606,299
(d)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
%
(e)
18,606,299‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
18,606,299‌
(Cost
$18,606,299)
TOTAL
INVESTMENTS
-
100.1%
9,729,344,806‌
(Cost
$6,885,426,385)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
10,963,182‌
)
NET
ASSETS
-
100.0%
$
9,718,381,624‌
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$22,414,153.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(d)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(e)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
S&P
500
Index
Fund
April
30,
2024
Portfolios
of
Investments
86
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
99.3%
COMMON
STOCKS
-
99.3%
AUTOMOBILES
&
COMPONENTS
-
1
.5
%
59,088
(a)
Aptiv
plc
$
4,195,248‌
51,799
BorgWarner,
Inc
1,697,453‌
875,106
Ford
Motor
Co
10,632,538‌
254,369
General
Motors
Co
11,327,052‌
609,990
(a)
Tesla,
Inc
111,798,967‌
TOTAL
AUTOMOBILES
&
COMPONENTS
139,651,258‌
BANKS
-
3
.4
%
1,517,108
Bank
of
America
Corp
56,148,167‌
421,736
Citigroup,
Inc
25,865,069‌
102,731
Citizens
Financial
Group,
Inc
3,504,154‌
27,800
Comerica,
Inc
1,394,726‌
153,006
Fifth
Third
Bancorp
5,578,599‌
309,423
Huntington
Bancshares,
Inc
4,167,928‌
637,805
JPMorgan
Chase
&
Co
122,292,731‌
213,449
Keycorp
3,092,876‌
36,646
M&T
Bank
Corp
5,291,316‌
87,557
PNC
Financial
Services
Group,
Inc
13,418,986‌
198,854
Regions
Financial
Corp
3,831,916‌
293,505
Truist
Financial
Corp
11,021,113‌
344,667
US
Bancorp
14,003,820‌
796,312
Wells
Fargo
&
Co
47,237,228‌
TOTAL
BANKS
316,848,629‌
CAPITAL
GOODS
-
5
.8
%
121,658
3M
Co
11,741,214‌
24,914
A.O.
Smith
Corp
2,063,876‌
17,465
Allegion
plc
2,123,045‌
50,728
Ametek,
Inc
8,860,152‌
14,783
(a)
Axon
Enterprise,
Inc
4,636,836‌
124,927
(a)
Boeing
Co
20,967,748‌
27,205
(a)
Builders
FirstSource,
Inc
4,973,618‌
184,111
Carrier
Global
Corp
11,320,985‌
112,742
Caterpillar,
Inc
37,720,091‌
31,214
Cummins,
Inc
8,817,643‌
57,712
Deere
&
Co
22,589,054‌
30,438
Dover
Corp
5,457,533‌
88,433
Eaton
Corp
plc
28,144,687‌
124,845
Emerson
Electric
Co
13,455,794‌
124,132
Fastenal
Co
8,433,528‌
79,580
Fortive
Corp
5,989,987‌
60,228
(a)
GE
Vernova,
Inc
9,257,646‌
13,670
(a)
Generac
Holdings,
Inc
1,858,573‌
49,941
General
Dynamics
Corp
14,337,562‌
240,913
General
Electric
Co
38,984,542‌
146,240
Honeywell
International,
Inc
28,184,835‌
84,551
Howmet
Aerospace,
Inc
5,643,779‌
11,885
Hubbell,
Inc
4,403,630‌
9,069
Huntington
Ingalls
Industries,
Inc
2,511,478‌
17,146
IDEX
Corp
3,780,007‌
60,600
Illinois
Tool
Works,
Inc
14,793,066‌
90,129
Ingersoll
Rand,
Inc
8,410,838‌
150,771
Johnson
Controls
International
plc
9,810,669‌
42,526
L3Harris
Technologies,
Inc
9,102,690‌
47,893
Lockheed
Martin
Corp
22,266,892‌
50,006
Masco
Corp
3,422,911‌
11,898
Nordson
Corp
3,071,945‌
31,399
Northrop
Grumman
Corp
15,229,457‌
87
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
91,987
Otis
Worldwide
Corp
$
8,389,214‌
115,979
PACCAR,
Inc
12,306,532‌
27,954
Parker-Hannifin
Corp
15,232,414‌
38,114
Pentair
plc
3,014,436‌
32,580
Quanta
Services,
Inc
8,423,885‌
25,620
Rockwell
Automation,
Inc
6,941,995‌
293,053
RTX
Corp
29,750,741‌
11,731
Snap-On,
Inc
3,143,439‌
33,121
Stanley
Black
&
Decker,
Inc
3,027,259‌
43,489
Textron,
Inc
3,678,735‌
49,979
Trane
Technologies
plc
15,860,336‌
12,246
TransDigm
Group,
Inc
15,283,375‌
15,122
United
Rentals,
Inc
10,101,345‌
9,948
W.W.
Grainger,
Inc
9,165,590‌
38,627
Westinghouse
Air
Brake
Technologies
Corp
6,222,037‌
53,036
Xylem,
Inc
6,931,805‌
TOTAL
CAPITAL
GOODS
549,839,449‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.3
%
90,439
Automatic
Data
Processing,
Inc
21,876,290‌
25,418
Broadridge
Financial
Solutions,
Inc
4,916,095‌
19,372
Cintas
Corp
12,753,362‌
193,118
(a)
Copart,
Inc
10,488,239‌
89,164
(a)
CoStar
Group,
Inc
8,161,181‌
26,695
Equifax,
Inc
5,877,972‌
28,711
Jacobs
Solutions,
Inc
4,120,890‌
30,819
Leidos
Holdings,
Inc
4,321,440‌
69,997
Paychex,
Inc
8,316,344‌
11,107
Paycom
Software,
Inc
2,087,894‌
44,895
Republic
Services,
Inc
8,606,371‌
22,578
Robert
Half
International,
Inc
1,561,043‌
62,217
Rollins,
Inc
2,772,390‌
48,875
Veralto
Corp
4,578,610‌
31,926
Verisk
Analytics,
Inc
6,958,591‌
81,016
Waste
Management,
Inc
16,852,948‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
124,249,660‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
5
.9
%
2,017,723
(a)
Amazon.com,
Inc
353,101,525‌
3,896
(a)
Autozone,
Inc
11,518,134‌
48,105
Bath
&
Body
Works,
Inc
2,184,929‌
43,444
Best
Buy
Co,
Inc
3,199,216‌
36,270
(a)
Carmax,
Inc
2,465,272‌
117,040
eBay,
Inc
6,032,242‌
26,973
(a)
Etsy,
Inc
1,852,236‌
30,791
Genuine
Parts
Co
4,840,653‌
220,689
Home
Depot,
Inc
73,758,678‌
57,527
LKQ
Corp
2,481,139‌
127,303
Lowe's
Cos,
Inc
29,023,811‌
13,004
(a)
O'Reilly
Automotive,
Inc
13,176,433‌
8,403
Pool
Corp
3,046,340‌
75,177
Ross
Stores,
Inc
9,739,180‌
252,628
TJX
Cos,
Inc
23,769,769‌
24,060
Tractor
Supply
Co
6,570,305‌
10,935
(a)
Ulta
Beauty,
Inc
4,426,925‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
551,186,787‌
CONSUMER
DURABLES
&
APPAREL
-
0
.8
%
5,562
(a)
Deckers
Outdoor
Corp
4,552,330‌
66,038
DR
Horton,
Inc
9,409,755‌
32,790
(a)
Garmin
Ltd
4,737,171‌
29,707
Hasbro,
Inc
1,821,039‌
56,324
Lennar
Corp
(Class
A)
8,539,845‌
25,623
(a)
Lululemon
Athletica,
Inc
9,239,654‌
S&P
500
Index
Fund
April
30,
2024
88
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
10,889
(a)
Mohawk
Industries,
Inc
$
1,255,720‌
270,085
Nike,
Inc
(Class
B)
24,918,042‌
679
(a)
NVR,
Inc
5,050,979‌
49,512
Pulte
Homes,
Inc
5,516,627‌
8,795
Ralph
Lauren
Corp
1,439,214‌
51,312
Tapestry,
Inc
2,048,375‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
78,528,751‌
CONSUMER
SERVICES
-
2
.1
%
94,539
(a)
Airbnb,
Inc
14,991,049‌
7,696
Booking
Holdings,
Inc
26,566,823‌
46,216
(a)
Caesars
Entertainment,
Inc
1,655,457‌
216,844
(a)
Carnival
Corp
3,213,628‌
6,067
(a)
Chipotle
Mexican
Grill,
Inc
(Class
A)
19,169,293‌
26,368
Darden
Restaurants,
Inc
4,045,115‌
7,380
Domino's
Pizza,
Inc
3,906,013‌
29,423
(a)
Expedia
Group,
Inc
3,961,218‌
56,618
Hilton
Worldwide
Holdings,
Inc
11,169,599‌
81,806
Las
Vegas
Sands
Corp
3,628,914‌
55,400
Marriott
International,
Inc
(Class
A)
13,081,602‌
160,258
McDonald's
Corp
43,756,844‌
60,074
(a)
MGM
Resorts
International
2,369,319‌
94,992
(a)
Norwegian
Cruise
Line
Holdings
Ltd
1,797,249‌
52,362
(a)
Royal
Caribbean
Cruises
Ltd
7,311,306‌
251,003
Starbucks
Corp
22,211,255‌
19,644
Wynn
Resorts
Ltd
1,800,373‌
60,622
Yum!
Brands,
Inc
8,562,858‌
TOTAL
CONSUMER
SERVICES
193,197,915‌
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1
.9
%
97,737
Costco
Wholesale
Corp
70,654,077‌
47,277
Dollar
General
Corp
6,580,486‌
47,073
(a)
Dollar
Tree,
Inc
5,566,382‌
146,972
Kroger
Co
8,139,310‌
112,534
Sysco
Corp
8,363,527‌
102,491
Target
Corp
16,499,001‌
150,031
Walgreens
Boots
Alliance,
Inc
2,660,050‌
944,118
Walmart,
Inc
56,033,403‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
174,496,236‌
ENERGY
-
4
.1
%
79,754
APA
Corp
2,507,466‌
224,463
Baker
Hughes
Co
7,321,983‌
168,148
Cabot
Oil
&
Gas
Corp
4,600,529‌
383,486
Chevron
Corp
61,844,787‌
259,904
ConocoPhillips
32,649,141‌
139,059
Devon
Energy
Corp
7,117,040‌
39,520
Diamondback
Energy,
Inc
7,948,658‌
128,211
EOG
Resources,
Inc
16,940,519‌
82,413
EQT
Corp
3,303,937‌
877,255
Exxon
Mobil
Corp
103,752,949‌
191,869
Halliburton
Co
7,189,331‌
61,354
Hess
Corp
9,662,641‌
420,254
Kinder
Morgan,
Inc
7,682,243‌
131,312
Marathon
Oil
Corp
3,525,727‌
81,363
Marathon
Petroleum
Corp
14,785,284‌
147,059
Occidental
Petroleum
Corp
9,726,482‌
129,080
ONEOK,
Inc
10,212,810‌
95,574
Phillips
66
13,687,153‌
51,887
Pioneer
Natural
Resources
Co
13,974,207‌
311,261
Schlumberger
Ltd
14,778,672‌
50,130
Targa
Resources
Corp
5,717,828‌
75,232
Valero
Energy
Corp
12,027,340‌
89
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
270,622
Williams
Cos,
Inc
$
10,381,060‌
TOTAL
ENERGY
381,337,787‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2
.0
%
35,211
Alexandria
Real
Estate
Equities,
Inc
4,079,899‌
103,324
American
Tower
Corp
17,726,266‌
31,293
AvalonBay
Communities,
Inc
5,932,214‌
34,344
Boston
Properties,
Inc
2,125,550‌
24,190
Camden
Property
Trust
2,411,259‌
96,617
Crown
Castle,
Inc
9,060,742‌
66,494
Digital
Realty
Trust,
Inc
9,228,037‌
20,612
Equinix,
Inc
14,657,399‌
74,179
Equity
Residential
4,777,128‌
14,754
Essex
Property
Trust,
Inc
3,633,173‌
46,940
Extra
Space
Storage,
Inc
6,303,103‌
16,879
Federal
Realty
Investment
Trust
1,758,285‌
156,155
Healthpeak
Properties,
Inc
2,906,045‌
163,337
Host
Hotels
&
Resorts
Inc
3,082,169‌
128,031
Invitation
Homes,
Inc
4,378,660‌
62,705
Iron
Mountain,
Inc
4,860,892‌
141,829
Kimco
Realty
Corp
2,642,274‌
25,462
Mid-America
Apartment
Communities,
Inc
3,310,060‌
204,116
(b)
Prologis,
Inc
20,830,038‌
34,896
Public
Storage,
Inc
9,053,767‌
183,464
Realty
Income
Corp
9,822,663‌
36,965
Regency
Centers
Corp
2,189,067‌
24,101
SBA
Communications
Corp
4,485,678‌
71,080
Simon
Property
Group,
Inc
9,988,872‌
72,506
UDR,
Inc
2,761,029‌
87,565
Ventas,
Inc
3,877,378‌
219,506
VICI
Properties,
Inc
6,266,896‌
122,696
Welltower,
Inc
11,690,475‌
157,260
Weyerhaeuser
Co
4,744,534‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
188,583,552‌
FINANCIAL
SERVICES
-
7
.5
%
127,165
American
Express
Co
29,760,425‌
22,516
Ameriprise
Financial,
Inc
9,271,864‌
171,884
Bank
of
New
York
Mellon
Corp
9,709,727‌
401,673
(a)
Berkshire
Hathaway,
Inc
159,355,729‌
30,777
BlackRock,
Inc
23,225,555‌
157,365
Blackstone,
Inc
18,350,333‌
85,394
Capital
One
Financial
Corp
12,248,061‌
22,860
Cboe
Global
Markets,
Inc
4,141,089‌
329,105
Charles
Schwab
Corp
24,337,315‌
78,340
CME
Group,
Inc
16,423,198‌
15,947
(a)
Corpay,
Inc
4,818,227‌
54,373
Discover
Financial
Services
6,890,690‌
8,634
Factset
Research
Systems,
Inc
3,599,428‌
130,383
Fidelity
National
Information
Services,
Inc
8,855,613‌
132,534
(a)
Fiserv,
Inc
20,233,966‌
64,273
Franklin
Resources,
Inc
1,467,995‌
57,098
Global
Payments,
Inc
7,009,922‌
71,985
Goldman
Sachs
Group,
Inc
30,716,719‌
124,230
Intercontinental
Exchange,
Inc
15,995,855‌
106,739
Invesco
Ltd
1,512,492‌
15,929
Jack
Henry
&
Associates,
Inc
2,591,489‌
8,144
MarketAxess
Holdings,
Inc
1,629,533‌
182,699
Mastercard,
Inc
(Class
A)
82,433,789‌
34,386
Moody's
Corp
12,734,167‌
279,197
Morgan
Stanley
25,362,256‌
17,647
MSCI,
Inc
(Class
A)
8,219,796‌
83,911
Nasdaq
Stock
Market,
Inc
5,022,073‌
43,685
Northern
Trust
Corp
3,599,207‌
S&P
500
Index
Fund
April
30,
2024
90
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
237,408
(a)
PayPal
Holdings,
Inc
$
16,124,751‌
40,771
Raymond
James
Financial,
Inc
4,974,062‌
71,237
S&P
Global,
Inc
29,622,482‌
66,660
State
Street
Corp
4,832,183‌
92,701
Synchrony
Financial
4,076,990‌
50,394
T
Rowe
Price
Group,
Inc
5,521,671‌
349,748
Visa,
Inc
(Class
A)
93,945,810‌
TOTAL
FINANCIAL
SERVICES
708,614,462‌
FOOD,
BEVERAGE
&
TOBACCO
-
2
.8
%
390,504
Altria
Group,
Inc
17,107,980‌
120,071
Archer-Daniels-Midland
Co
7,043,365‌
39,727
Brown-Forman
Corp
(Class
B)
1,900,937‌
31,481
Bunge
Global
S.A.
3,203,507‌
39,681
Campbell
Soup
Co
1,813,819‌
856,618
Coca-Cola
Co
52,913,294‌
99,851
ConAgra
Brands,
Inc
3,073,414‌
35,386
Constellation
Brands,
Inc
(Class
A)
8,968,936‌
128,311
General
Mills,
Inc
9,040,793‌
33,037
Hershey
Co
6,406,535‌
62,770
Hormel
Foods
Corp
2,232,101‌
22,186
J.M.
Smucker
Co
2,548,062‌
57,722
Kellogg
Co
3,339,795‌
223,369
Keurig
Dr
Pepper,
Inc
7,527,535‌
177,599
Kraft
Heinz
Co
6,857,097‌
32,426
Lamb
Weston
Holdings,
Inc
2,702,383‌
55,713
McCormick
&
Co,
Inc
4,237,531‌
42,674
Molson
Coors
Brewing
Co
(Class
B)
2,443,513‌
301,750
Mondelez
International,
Inc
21,707,895‌
164,789
(a)
Monster
Beverage
Corp
8,807,972‌
305,142
PepsiCo,
Inc
53,677,529‌
341,593
Philip
Morris
International,
Inc
32,430,839‌
62,765
Tyson
Foods,
Inc
(Class
A)
3,806,697‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
263,791,529‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.1
%
383,406
Abbott
Laboratories
40,629,534‌
15,487
(a)
Align
Technology,
Inc
4,373,219‌
35,353
AmerisourceBergen
Corp
8,451,135‌
114,353
Baxter
International,
Inc
4,616,431‌
63,141
Becton
Dickinson
&
Co
14,812,879‌
319,005
(a)
Boston
Scientific
Corp
22,926,889‌
54,449
Cardinal
Health,
Inc
5,610,425‌
114,724
(a)
Centene
Corp
8,381,736‌
65,172
Cigna
Group
23,269,011‌
42,448
(a)
Cooper
Cos,
Inc
3,780,419‌
278,245
CVS
Health
Corp
18,839,969‌
11,100
(a)
DaVita,
Inc
1,543,011‌
84,088
(a)
DexCom,
Inc
10,711,970‌
135,072
(a)
Edwards
Lifesciences
Corp
11,436,546‌
52,121
Elevance
Health,
Inc
27,550,118‌
89,408
GE
HealthCare
Technologies,
Inc
6,816,466‌
44,572
HCA,
Inc
13,809,297‌
30,612
(a)
Henry
Schein,
Inc
2,120,799‌
56,207
(a)
Hologic,
Inc
4,258,804‌
27,341
Humana,
Inc
8,259,443‌
18,549
(a)
IDEXX
Laboratories,
Inc
9,140,205‌
15,427
(a)
Insulet
Corp
2,652,518‌
77,378
(a)
Intuitive
Surgical,
Inc
28,677,834‌
18,367
Laboratory
Corp
of
America
Holdings
3,698,563‌
29,369
McKesson
Corp
15,777,321‌
294,958
Medtronic
plc
23,667,430‌
12,513
(a)
Molina
Healthcare,
Inc
4,280,697‌
24,563
Quest
Diagnostics,
Inc
3,394,115‌
91
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
33,104
Resmed,
Inc
$
7,083,925‌
30,414
(a)
Solventum
Corp
1,977,214‌
21,734
STERIS
plc
4,445,907‌
74,684
Stryker
Corp
25,131,166‌
10,927
Teleflex,
Inc
2,281,011‌
203,982
UnitedHealth
Group,
Inc
98,666,093‌
14,306
Universal
Health
Services,
Inc
(Class
B)
2,438,172‌
45,221
Zimmer
Biomet
Holdings,
Inc
5,439,182‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
480,949,454‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.4
%
54,380
Church
&
Dwight
Co,
Inc
5,867,058‌
27,624
Clorox
Co
4,084,761‌
182,414
Colgate-Palmolive
Co
16,767,495‌
50,581
Estee
Lauder
Cos
(Class
A)
7,420,738‌
383,094
Kenvue,
Inc
7,209,829‌
72,985
Kimberly-Clark
Corp
9,964,642‌
520,589
Procter
&
Gamble
Co
84,960,125‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
136,274,648‌
INSURANCE
-
2
.1
%
119,550
Aflac,
Inc
10,000,357‌
58,429
Allstate
Corp
9,936,436‌
152,635
American
International
Group,
Inc
11,494,942‌
43,872
Aon
plc
12,372,343‌
83,043
(a)
Arch
Capital
Group
Ltd
7,767,842‌
12,019
Assurant,
Inc
2,096,114‌
51,220
Brown
&
Brown,
Inc
4,176,479‌
90,736
Chubb
Ltd
22,560,599‌
35,539
Cincinnati
Financial
Corp
4,111,507‌
9,817
Everest
Re
Group
Ltd
3,597,047‌
47,673
Gallagher
(Arthur
J.)
&
Co
11,188,376‌
17,385
Globe
Life,
Inc
1,324,215‌
62,930
Hartford
Financial
Services
Group,
Inc
6,097,288‌
39,570
Loews
Corp
2,973,685‌
109,880
Marsh
&
McLennan
Cos,
Inc
21,913,368‌
140,382
Metlife,
Inc
9,978,353‌
47,299
Principal
Financial
Group
3,743,243‌
128,563
Progressive
Corp
26,773,245‌
80,032
Prudential
Financial,
Inc
8,841,935‌
49,817
Travelers
Cos,
Inc
10,569,175‌
43,217
W.R.
Berkley
Corp
3,326,412‌
23,406
Willis
Towers
Watson
plc
5,878,183‌
TOTAL
INSURANCE
200,721,144‌
MATERIALS
-
2
.3
%
49,274
Air
Products
&
Chemicals,
Inc
11,645,417‌
25,602
Albemarle
Corp
3,080,177‌
307,249
Amcor
plc
2,746,806‌
17,000
Avery
Dennison
Corp
3,693,760‌
69,913
Ball
Corp
4,863,847‌
21,646
Celanese
Corp
(Series
A)
3,325,042‌
40,354
CF
Industries
Holdings,
Inc
3,186,755‌
155,324
Corteva,
Inc
8,407,688‌
156,733
Dow,
Inc
8,918,108‌
95,044
DuPont
de
Nemours,
Inc
6,890,690‌
25,889
Eastman
Chemical
Co
2,444,957‌
54,973
Ecolab,
Inc
12,432,144‌
27,497
FMC
Corp
1,622,598‌
319,792
Freeport-McMoRan,
Inc
(Class
B)
15,970,413‌
56,913
International
Flavors
&
Fragrances,
Inc
4,817,686‌
76,720
International
Paper
Co
2,680,597‌
107,071
Linde
plc
47,214,028‌
56,266
LyondellBasell
Industries
NV
5,624,912‌
S&P
500
Index
Fund
April
30,
2024
92
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
13,522
Martin
Marietta
Materials,
Inc
$
7,938,361‌
69,801
Mosaic
Co
2,191,053‌
255,382
Newmont
Goldcorp
Corp
10,378,725‌
53,744
Nucor
Corp
9,057,476‌
19,186
Packaging
Corp
of
America
3,318,794‌
52,921
PPG
Industries,
Inc
6,826,809‌
52,460
Sherwin-Williams
Co
15,717,541‌
33,420
Steel
Dynamics,
Inc
4,348,610‌
30,098
Vulcan
Materials
Co
7,754,148‌
61,644
Westrock
Co
2,956,446‌
TOTAL
MATERIALS
220,053,588‌
MEDIA
&
ENTERTAINMENT
-
8
.2
%
1,089,785
(a)
Alphabet,
Inc
179,422,202‌
1,301,270
(a)
Alphabet,
Inc
(Class
A)
211,820,731‌
22,317
(a)
Charter
Communications,
Inc
5,711,813‌
876,511
Comcast
Corp
(Class
A)
33,403,834‌
52,522
Electronic
Arts,
Inc
6,660,840‌
62,265
Fox
Corp
(Class
A)
1,930,838‌
31,481
Fox
Corp
(Class
B)
902,875‌
81,564
Interpublic
Group
of
Cos,
Inc
2,482,808‌
31,405
(a)
Live
Nation,
Inc
2,792,219‌
59,840
(a)
Match
Group,
Inc
1,844,269‌
485,856
Meta
Platforms,
Inc
209,000,675‌
95,612
(a)
NetFlix,
Inc
52,647,792‌
77,943
News
Corp
(Class
A)
1,855,043‌
23,838
News
Corp
(Class
B)
584,985‌
43,533
Omnicom
Group,
Inc
4,041,604‌
111,755
Paramount
Global
(Class
B)
1,272,888‌
34,816
(a)
Take-Two
Interactive
Software,
Inc
4,972,073‌
405,421
Walt
Disney
Co
45,042,273‌
486,295
(a)
Warner
Bros
Discovery,
Inc
3,579,131‌
TOTAL
MEDIA
&
ENTERTAINMENT
769,968,893‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.1
%
388,795
AbbVie,
Inc
63,233,619‌
64,545
Agilent
Technologies,
Inc
8,845,247‌
118,028
Amgen,
Inc
32,332,590‌
31,860
(a)
Biogen,
Inc
6,844,165‌
4,633
(a)
Bio-Rad
Laboratories,
Inc
(Class
A)
1,249,752‌
34,200
Bio-Techne
Corp
2,161,782‌
448,833
Bristol-Myers
Squibb
Co
19,721,722‌
39,202
(a)
Catalent,
Inc
2,189,432‌
11,012
(a)
Charles
River
Laboratories
International,
Inc
2,521,748‌
145,329
Danaher
Corp
35,841,038‌
176,028
Eli
Lilly
&
Co
137,495,471‌
276,289
Gilead
Sciences,
Inc
18,014,043‌
35,275
(a)
Illumina,
Inc
4,340,589‌
39,135
(a)
Incyte
Corp
2,036,977‌
40,466
(a)
IQVIA
Holdings,
Inc
9,378,805‌
530,857
Johnson
&
Johnson
76,756,614‌
559,618
Merck
&
Co,
Inc
72,313,838‌
4,929
(a)
Mettler-Toledo
International,
Inc
6,061,191‌
74,537
(a)
Moderna,
Inc
8,222,176‌
26,424
PerkinElmer,
Inc
2,707,667‌
1,245,252
Pfizer,
Inc
31,903,356‌
23,517
(a)
Regeneron
Pharmaceuticals,
Inc
20,945,651‌
85,200
Thermo
Fisher
Scientific,
Inc
48,454,944‌
57,041
(a)
Vertex
Pharmaceuticals,
Inc
22,406,275‌
239,734
Viatris,
Inc
2,773,722‌
12,962
(a)
Waters
Corp
4,005,777‌
16,031
West
Pharmaceutical
Services,
Inc
5,730,762‌
93
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
101,758
Zoetis,
Inc
$
16,203,944‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
664,692,897‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.1
%
67,224
(a)
CBRE
Group,
Inc
5,841,093‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
5,841,093‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
10
.1
%
357,179
(a)
Advanced
Micro
Devices,
Inc
56,570,010‌
109,321
Analog
Devices,
Inc
21,930,886‌
185,490
Applied
Materials,
Inc
36,847,588‌
96,965
Broadcom,
Inc
126,080,681‌
30,249
(a)
Enphase
Energy,
Inc
3,289,881‌
23,495
(a)
First
Solar,
Inc
4,142,168‌
932,472
Intel
Corp
28,412,422‌
29,707
KLA
Corp
20,476,738‌
29,063
Lam
Research
Corp
25,994,238‌
119,709
Microchip
Technology,
Inc
11,010,834‌
242,728
Micron
Technology,
Inc
27,418,555‌
10,114
Monolithic
Power
Systems,
Inc
6,769,604‌
545,496
Nvidia
Corp
471,319,454‌
57,849
NXP
Semiconductors
NV
14,820,335‌
94,815
(a)
ON
Semiconductor
Corp
6,652,220‌
21,692
(a)
Qorvo,
Inc
2,534,493‌
245,947
QUALCOMM,
Inc
40,790,310‌
35,393
Skyworks
Solutions,
Inc
3,772,540‌
35,237
Teradyne,
Inc
4,098,768‌
200,307
Texas
Instruments,
Inc
35,338,161‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
948,269,886‌
SOFTWARE
&
SERVICES
-
11
.3
%
138,503
Accenture
plc
41,676,938‌
99,959
(a)
Adobe,
Inc
46,264,024‌
33,190
(a)
Akamai
Technologies,
Inc
3,349,867‌
19,496
(a)
Ansys,
Inc
6,333,860‌
47,070
(a)
Autodesk,
Inc
10,018,849‌
59,983
(a)
Cadence
Design
Systems,
Inc
16,533,114‌
35,007
(a)
Ceridian
HCM
Holding,
Inc
2,148,380‌
111,089
Cognizant
Technology
Solutions
Corp
(Class
A)
7,296,326‌
12,561
(a)
EPAM
Systems,
Inc
2,955,101‌
5,411
(a)
Fair
Isaac
Corp
6,132,449‌
137,049
(a)
Fortinet,
Inc
8,658,756‌
17,019
(a)
Gartner,
Inc
7,021,869‌
124,511
Gen
Digital,
Inc
2,507,652‌
201,936
International
Business
Machines
Corp
33,561,763‌
61,600
Intuit,
Inc
38,538,192‌
1,640,656
Microsoft
Corp
638,756,600‌
350,558
Oracle
Corp
39,875,973‌
68,558
(a)
Palo
Alto
Networks,
Inc
19,942,837‌
26,403
(a)
PTC,
Inc
4,684,948‌
23,281
Roper
Industries,
Inc
11,907,300‌
214,834
Salesforce,
Inc
57,777,456‌
44,979
(a)
ServiceNow,
Inc
31,185,290‌
33,465
(a)
Synopsys,
Inc
17,756,194‌
9,415
(a)
Tyler
Technologies,
Inc
4,345,493‌
20,903
(a)
VeriSign,
Inc
3,542,640‌
TOTAL
SOFTWARE
&
SERVICES
1,062,771,871‌
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
7
.6
%
132,728
Amphenol
Corp
(Class
A)
16,029,560‌
3,205,899
Apple,
Inc
546,060,777‌
55,785
(a)
Arista
Networks,
Inc
14,312,199‌
28,932
CDW
Corp
6,997,493‌
893,191
Cisco
Systems,
Inc
41,962,113‌
170,689
Corning,
Inc
5,697,599‌
S&P
500
Index
Fund
April
30,
2024
94
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
13,861
(a)
F5
Networks,
Inc
$
2,291,362‌
285,877
Hewlett
Packard
Enterprise
Co
4,859,909‌
195,411
HP,
Inc
5,489,095‌
28,232
Jabil
Inc
3,313,307‌
67,379
Juniper
Networks,
Inc
2,346,137‌
38,900
(a)
Keysight
Technologies,
Inc
5,754,866‌
36,784
Motorola
Solutions,
Inc
12,475,294‌
45,795
NetApp,
Inc
4,680,707‌
40,859
Seagate
Technology
Holdings
plc
3,510,197‌
10,717
(a)
Super
Micro
Computer,
Inc
9,203,760‌
69,728
TE
Connectivity
Ltd
9,865,117‌
10,387
(a)
Teledyne
Technologies,
Inc
3,962,433‌
52,555
(a)
Trimble
Inc
3,156,979‌
67,702
(a)
Western
Digital
Corp
4,795,333‌
11,623
(a)
Zebra
Technologies
Corp
(Class
A)
3,656,131‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
710,420,368‌
TELECOMMUNICATION
SERVICES
-
0
.9
%
1,575,557
AT&T,
Inc
26,611,158‌
112,408
T-Mobile
US,
Inc
18,454,021‌
932,010
Verizon
Communications,
Inc
36,805,075‌
TOTAL
TELECOMMUNICATION
SERVICES
81,870,254‌
TRANSPORTATION
-
1
.7
%
140,758
(a)
American
Airlines
Group,
Inc
1,901,641‌
26,916
CH
Robinson
Worldwide,
Inc
1,911,036‌
432,436
CSX
Corp
14,365,524‌
139,199
Delta
Air
Lines,
Inc
6,969,694‌
32,293
Expeditors
International
Washington,
Inc
3,594,534‌
50,856
FedEx
Corp
13,313,084‌
18,146
JB
Hunt
Transport
Services,
Inc
2,949,995‌
50,745
Norfolk
Southern
Corp
11,687,588‌
40,208
Old
Dominion
Freight
Line
7,306,196‌
131,493
Southwest
Airlines
Co
3,410,928‌
454,025
(a)
Uber
Technologies,
Inc
30,088,237‌
134,073
Union
Pacific
Corp
31,796,753‌
69,812
(a)
United
Airlines
Holdings,
Inc
3,592,525‌
159,167
United
Parcel
Service,
Inc
(Class
B)
23,473,949‌
TOTAL
TRANSPORTATION
156,361,684‌
UTILITIES
-
2
.3
%
154,880
AES
Corp
2,772,352‌
58,186
Alliant
Energy
Corp
2,897,663‌
57,798
Ameren
Corp
4,269,538‌
112,303
American
Electric
Power
Co,
Inc
9,661,427‌
44,076
American
Water
Works
Co,
Inc
5,391,376‌
31,813
Atmos
Energy
Corp
3,750,753‌
142,910
Centerpoint
Energy,
Inc
4,164,397‌
66,074
CMS
Energy
Corp
4,004,745‌
77,272
Consolidated
Edison,
Inc
7,294,477‌
71,306
Constellation
Energy
Corp
13,258,638‌
184,031
Dominion
Energy,
Inc
9,381,900‌
45,359
DTE
Energy
Co
5,004,005‌
172,328
Duke
Energy
Corp
16,932,949‌
81,726
Edison
International
5,807,450‌
49,122
Entergy
Corp
5,239,844‌
53,163
Evergy,
Inc
2,788,399‌
76,774
Eversource
Energy
4,654,040‌
215,497
Exelon
Corp
8,098,377‌
114,159
FirstEnergy
Corp
4,376,856‌
452,743
NextEra
Energy,
Inc
30,320,199‌
89,204
NiSource,
Inc
2,485,223‌
49,798
NRG
Energy,
Inc
3,618,821‌
464,560
PG&E
Corp
7,948,622‌
95
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
22,225
Pinnacle
West
Capital
Corp
$
1,636,871‌
164,693
PPL
Corp
4,522,470‌
110,769
Public
Service
Enterprise
Group,
Inc
7,651,923‌
137,456
Sempra
Energy
9,845,973‌
239,217
Southern
Co
17,582,450‌
68,760
WEC
Energy
Group,
Inc
5,682,326‌
119,678
Xcel
Energy,
Inc
6,430,299‌
TOTAL
UTILITIES
217,474,363‌
TOTAL
COMMON
STOCKS
9,325,996,158‌
(Cost
$3,688,918,687)
TOTAL
LONG-TERM
INVESTMENTS
9,325,996,158‌
(Cost
$3,688,918,687)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.5%
REPURCHASE
AGREEMENT
-
0
.1
%
$
5,205,000
(c)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
5,205,000‌
TOTAL
REPURCHASE
AGREEMENT
5,205,000‌
TREASURY
DEBT
-
0
.4
%
8,305,000
United
States
Treasury
Bill
0
.000
05/09/24
8,295,253‌
10,000,000
United
States
Treasury
Bill
0
.000
05/30/24
9,957,507‌
10,000,000
United
States
Treasury
Bill
0
.000
06/11/24
9,940,037‌
10,000,000
United
States
Treasury
Bill
0
.000
08/13/24
9,848,333‌
TOTAL
TREASURY
DEBT
38,041,130‌
TOTAL
SHORT-TERM
INVESTMENTS
43,246,130‌
(Cost
$43,246,681)
TOTAL
INVESTMENTS
-
99.8%
9,369,242,288‌
(Cost
$3,732,165,368)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.2%
17,943,105‌
NET
ASSETS
-
100.0%
$
9,387,185,393‌
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
(c)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$5,205,768
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
3.750%
and
maturity
date
12/31/30,
valued
at
$5,309,102.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P
500
E-Mini
Index
220‌
06/21/24
 $
57,015,062‌
$
55,737,000‌
$
(
1,278,062‌
)
Small
Cap
Blend
Index
Fund
April
30,
2024
Portfolios
of
Investments
96
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
98.9%
COMMON
STOCKS
-
98.9%
AUTOMOBILES
&
COMPONENTS
-
1
.4
%
119,382
(a)
Adient
plc
$
3,565,940‌
152,153
(a)
American
Axle
&
Manufacturing
Holdings,
Inc
1,116,803‌
110,844
(a)
Atmus
Filtration
Technologies,
Inc
3,357,465‌
22,990
(a)
Cooper-Standard
Holdings,
Inc
354,736‌
170,026
Dana
Inc
2,113,423‌
34,754
(a)
Dorman
Products,
Inc
3,039,237‌
55,379
(a)
Fox
Factory
Holding
Corp
2,155,351‌
42,574
(a)
Gentherm,
Inc
2,152,967‌
363,139
(a)
Goodyear
Tire
&
Rubber
Co
4,343,142‌
71,316
(a),(b)
Holley,
Inc
286,690‌
32,755
LCI
Industries
3,405,865‌
21,628
(a)
Livewire
Group,
Inc
144,691‌
369,808
(a),(b)
Luminar
Technologies,
Inc
543,618‌
67,176
(a)
Modine
Manufacturing
Co
6,222,513‌
27,797
Patrick
Industries,
Inc
2,904,509‌
211,191
(a),(b)
Solid
Power,
Inc
356,913‌
27,701
Standard
Motor
Products,
Inc
889,202‌
35,980
(a)
Stoneridge,
Inc
538,980‌
36,527
(a)
Visteon
Corp
4,040,982‌
36,343
Winnebago
Industries,
Inc
2,238,002‌
230,006
(a),(b)
Workhorse
Group,
Inc
34,777‌
28,778
(a)
XPEL,
Inc
1,512,284‌
TOTAL
AUTOMOBILES
&
COMPONENTS
45,318,090‌
BANKS
-
8
.4
%
20,612
1st
Source
Corp
1,022,355‌
11,792
(b)
ACNB
Corp
383,712‌
24,152
Amalgamated
Financial
Corp
592,690‌
35,315
Amerant
Bancorp,
Inc
764,923‌
86,445
Ameris
Bancorp
4,104,409‌
10,397
Ames
National
Corp
200,142‌
20,287
Arrow
Financial
Corp
451,791‌
196,755
Associated
Banc-Corp
4,145,628‌
117,673
Atlantic
Union
Bankshares
Corp
3,738,471‌
71,498
(a)
Axos
Financial,
Inc
3,618,514‌
179,226
Banc
of
California,
Inc
2,453,604‌
28,717
Bancfirst
Corp
2,560,695‌
67,954
(a)
Bancorp,
Inc
2,034,543‌
12,630
(b)
Bank
First
Corp
974,910‌
51,660
Bank
of
Hawaii
Corp
2,928,605‌
21,702
Bank
of
Marin
Bancorp
311,641‌
62,887
Bank
of
NT
Butterfield
&
Son
Ltd
2,138,158‌
4,212
Bank7
Corp
114,988‌
100,577
BankUnited,
Inc
2,688,423‌
3,916
Bankwell
Financial
Group,
Inc
89,794‌
44,237
Banner
Corp
1,930,060‌
20,159
Bar
Harbor
Bankshares
505,588‌
12,869
BayCom
Corp
254,549‌
17,299
BCB
Bancorp,
Inc
162,957‌
58,022
Berkshire
Hills
Bancorp,
Inc
1,237,029‌
31,713
(a)
Blue
Foundry
Bancorp
270,829‌
22,285
(b)
Blue
Ridge
Bankshares,
Inc
55,712‌
28,761
(a)
Bridgewater
Bancshares,
Inc
312,920‌
110,427
Brookline
Bancorp,
Inc
916,544‌
8,624
(b)
Burke
&
Herbert
Financial
Services
Corp
451,725‌
32,439
Business
First
Bancshares,
Inc
654,943‌
28,027
Byline
Bancorp,
Inc
607,345‌
4,213
C&F
Financial
Corp
165,023‌
97
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
237,914
Cadence
Bank
$
6,583,080‌
10,358
Cambridge
Bancorp
635,670‌
19,391
Camden
National
Corp
605,387‌
12,139
Capital
Bancorp,
Inc
235,497‌
18,901
Capital
City
Bank
Group,
Inc
501,255‌
161,890
Capitol
Federal
Financial,
Inc
772,215‌
33,893
(a),(b)
Carter
Bankshares,
Inc
412,478‌
90,731
Cathay
General
Bancorp
3,124,776‌
36,449
Central
Pacific
Financial
Corp
726,793‌
4,222
Chemung
Financial
Corp
178,021‌
8,887
ChoiceOne
Financial
Services,
Inc
220,931‌
19,873
Citizens
&
Northern
Corp
338,835‌
5,818
Citizens
Financial
Services,
Inc
235,047‌
19,217
City
Holding
Co
1,941,301‌
18,904
Civista
Bancshares,
Inc
269,949‌
23,032
CNB
Financial
Corp
437,608‌
13,841
(a)
Coastal
Financial
Corp
535,370‌
12,090
Codorus
Valley
Bancorp,
Inc
268,398‌
13,645
Colony
Bankcorp,
Inc
148,321‌
35,116
(a)
Columbia
Financial,
Inc
582,926‌
70,042
Community
Bank
System,
Inc
3,027,215‌
18,596
Community
Trust
Bancorp,
Inc
781,218‌
12,827
Community
West
Bancshares
220,240‌
49,791
ConnectOne
Bancorp,
Inc
891,757‌
59,959
(a)
CrossFirst
Bankshares,
Inc
724,305‌
36,725
(a)
Customers
Bancorp,
Inc
1,677,231‌
179,502
CVB
Financial
Corp
2,933,063‌
50,173
Dime
Community
Bancshares,
Inc
913,149‌
42,002
Eagle
Bancorp,
Inc
776,617‌
197,595
Eastern
Bankshares,
Inc
2,481,793‌
12,398
Enterprise
Bancorp,
Inc
301,271‌
46,340
Enterprise
Financial
Services
Corp
1,761,383‌
19,872
Equity
Bancshares,
Inc
661,936‌
9,679
Esquire
Financial
Holdings,
Inc
455,494‌
11,338
ESSA
Bancorp,
Inc
183,676‌
6,438
Evans
Bancorp,
Inc
164,748‌
16,904
Farmers
&
Merchants
Bancorp,
Inc
346,532‌
43,953
Farmers
National
Banc
Corp
519,964‌
46,126
FB
Financial
Corp
1,690,518‌
6,177
Fidelity
D&D
Bancorp,
Inc
280,436‌
15,202
Financial
Institutions,
Inc
261,778‌
53,480
First
Bancorp
1,626,327‌
217,872
First
BanCorp
3,758,292‌
13,531
First
Bancorp,
Inc
298,764‌
39,027
First
Bancshares,
Inc
934,306‌
21,560
First
Bank
251,821‌
66,996
First
Busey
Corp
1,496,691‌
9,719
First
Business
Financial
Services,
Inc
321,407‌
127,171
First
Commonwealth
Financial
Corp
1,677,385‌
23,921
First
Community
Bancshares,
Inc
793,699‌
8,906
(b)
First
Community
Corp
147,216‌
122,654
First
Financial
Bancorp
2,711,880‌
169,134
First
Financial
Bankshares,
Inc
4,999,601‌
12,542
First
Financial
Corp
456,654‌
69,857
First
Foundation,
Inc
382,816‌
111,251
First
Interstate
BancSystem,
Inc
2,970,402‌
76,785
First
Merchants
Corp
2,566,155‌
26,907
First
Mid
Bancshares,
Inc
833,041‌
20,998
First
of
Long
Island
Corp
198,851‌
11,035
(a)
First
Western
Financial,
Inc
183,953‌
16,956
Five
Star
Bancorp
366,589‌
38,663
Flushing
Financial
Corp
426,066‌
8,212
FS
Bancorp,
Inc
255,968‌
Small
Cap
Blend
Index
Fund
April
30,
2024
98
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
210,945
Fulton
Financial
Corp
$
3,491,140‌
17,596
(a)
FVCBankcorp,
Inc
202,530‌
37,852
German
American
Bancorp,
Inc
1,201,044‌
145,806
Glacier
Bancorp,
Inc
5,275,261‌
11,809
Great
Southern
Bancorp,
Inc
606,983‌
9,442
Greene
County
Bancorp,
Inc
277,784‌
11,476
Guaranty
Bancshares,
Inc
329,705‌
112,298
Hancock
Whitney
Corp
5,097,206‌
35,490
Hanmi
Financial
Corp
542,997‌
57,370
HarborOne
Bancorp,
Inc
581,158‌
17,094
HBT
Financial,
Inc
315,470‌
57,139
Heartland
Financial
USA,
Inc
2,406,123‌
80,674
Heritage
Commerce
Corp
640,552‌
45,837
Heritage
Financial
Corp
813,148‌
59,329
Hilltop
Holdings,
Inc
1,735,967‌
2,081
Hingham
Institution
For
Savings
The
351,481‌
10,191
Home
Bancorp,
Inc
356,685‌
246,059
Home
Bancshares,
Inc
5,826,677‌
18,605
HomeStreet,
Inc
227,911‌
20,789
HomeTrust
Bancshares,
Inc
534,277‌
154,369
Hope
Bancorp,
Inc
1,546,777‌
62,708
Horizon
Bancorp,
Inc
719,888‌
27,331
Independent
Bank
Corp
678,082‌
57,709
Independent
Bank
Corp
2,899,300‌
49,119
Independent
Bank
Group,
Inc
1,829,192‌
69,577
International
Bancshares
Corp
3,871,960‌
15,873
John
Marshall
Bancorp,
Inc
262,222‌
69,147
Kearny
Financial
Corp
373,394‌
85,125
Lakeland
Bancorp,
Inc
1,037,674‌
32,765
Lakeland
Financial
Corp
1,925,599‌
13,925
LCNB
Corp
196,342‌
45,800
Live
Oak
Bancshares,
Inc
1,480,256‌
31,812
Macatawa
Bank
Corp
445,368‌
8,429
(b)
MainStreet
Bancshares
Inc
128,711‌
21,514
Mercantile
Bank
Corp
776,225‌
25,254
Metrocity
Bankshares,
Inc
580,337‌
14,795
(a)
Metropolitan
Bank
Holding
Corp
587,361‌
19,978
Mid
Penn
Bancorp,
Inc
404,155‌
10,348
(b)
Middlefield
Banc
Corp
222,172‌
23,795
Midland
States
Bancorp,
Inc
521,111‌
19,523
MidWestOne
Financial
Group,
Inc
393,779‌
14,402
MVB
Financial
Corp
258,804‌
48,144
National
Bank
Holdings
Corp
1,575,753‌
7,584
National
Bankshares,
Inc
203,327‌
59,861
NBT
Bancorp,
Inc
2,095,734‌
16,270
Nicolet
Bankshares,
Inc
1,245,143‌
9,098
Northeast
Bank
470,549‌
10,209
Northeast
Community
Bancorp,
Inc
161,098‌
54,701
Northfield
Bancorp,
Inc
456,206‌
6,833
Northrim
BanCorp,
Inc
326,617‌
162,023
Northwest
Bancshares,
Inc
1,717,444‌
9,670
Norwood
Financial
Corp
232,950‌
8,516
(b)
Oak
Valley
Bancorp
205,661‌
73,825
OceanFirst
Financial
Corp
1,089,657‌
60,429
OFG
Bancorp
2,182,091‌
411,371
Old
National
Bancorp
6,804,076‌
51,859
Old
Second
Bancorp,
Inc
710,468‌
6,875
Orange
County
Bancorp,
Inc
297,069‌
37,451
Origin
Bancorp,
Inc
1,112,295‌
13,166
Orrstown
Financial
Services,
Inc
345,213‌
124,244
Pacific
Premier
Bancorp,
Inc
2,671,246‌
18,724
Park
National
Corp
2,466,138‌
14,104
Parke
Bancorp,
Inc
232,152‌
99
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
34,138
Pathward
Financial,
Inc
$
1,719,531‌
9,723
PCB
Bancorp
141,567‌
22,843
Peapack
Gladstone
Financial
Corp
511,226‌
8,610
Penns
Woods
Bancorp,
Inc
150,503‌
43,783
Peoples
Bancorp,
Inc
1,271,458‌
9,455
Peoples
Financial
Services
Corp
358,061‌
16,955
(a)
Pioneer
Bancorp,
Inc
150,137‌
4,260
Plumas
Bancorp
149,782‌
27,093
(a)
Ponce
Financial
Group,
Inc
217,828‌
17,517
Preferred
Bank
1,325,862‌
49,051
Premier
Financial
Corp
950,608‌
18,243
Primis
Financial
Corp
177,322‌
6,731
Princeton
Bancorp,
Inc
196,209‌
97,826
Provident
Financial
Services,
Inc
1,436,086‌
22,065
QCR
Holdings,
Inc
1,212,692‌
22,382
RBB
Bancorp
397,504‌
5,706
Red
River
Bancshares,
Inc
257,968‌
71,505
Renasant
Corp
2,077,935‌
10,738
Republic
Bancorp,
Inc
(Class
A)
544,631‌
48,548
S&T
Bancorp,
Inc
1,463,722‌
59,795
Sandy
Spring
Bancorp,
Inc
1,222,808‌
111,945
Seacoast
Banking
Corp
of
Florida
2,582,571‌
66,368
ServisFirst
Bancshares,
Inc
3,913,057‌
39,076
Shore
Bancshares,
Inc
404,437‌
18,048
Sierra
Bancorp
357,711‌
162,535
Simmons
First
National
Corp
(Class
A)
2,777,723‌
21,563
SmartFinancial,
Inc
443,120‌
15,988
South
Plains
Financial,
Inc
414,409‌
10,600
(a)
Southern
First
Bancshares,
Inc
273,692‌
12,797
Southern
Missouri
Bancorp,
Inc
513,160‌
9,401
Southern
States
Bancshares,
Inc
227,222‌
36,743
Southside
Bancshares,
Inc
979,568‌
99,779
SouthState
Corp
7,553,270‌
61,750
Stellar
Bancorp,
Inc
1,370,850‌
23,940
(a)
Sterling
Bancorp,
Inc
113,236‌
36,475
Stock
Yards
Bancorp,
Inc
1,624,961‌
14,067
Summit
Financial
Group,
Inc
372,353‌
61,756
(a)
Texas
Capital
Bancshares,
Inc
3,544,794‌
17,897
(a)
Third
Coast
Bancshares,
Inc
347,560‌
9,087
Timberland
Bancorp,
Inc
221,723‌
18,120
Tompkins
Trustco,
Inc
796,918‌
91,073
Towne
Bank
2,356,059‌
42,158
Trico
Bancshares
1,465,834‌
28,735
(a)
Triumph
Financial,
Inc
2,021,795‌
25,242
TrustCo
Bank
Corp
NY
671,942‌
78,104
Trustmark
Corp
2,311,878‌
58,232
UMB
Financial
Corp
4,638,761‌
170,569
United
Bankshares,
Inc
5,536,670‌
148,833
United
Community
Banks,
Inc
3,755,057‌
7,945
Unity
Bancorp,
Inc
213,879‌
38,986
Univest
Financial
Corp
813,638‌
15,236
USCB
Financial
Holdings,
Inc
169,729‌
572,428
Valley
National
Bancorp
4,012,720‌
71,665
Veritex
Holdings,
Inc
1,396,034‌
5,470
Virginia
National
Bankshares
Corp
154,309‌
87,905
Washington
Federal,
Inc
2,381,346‌
23,311
Washington
Trust
Bancorp,
Inc
593,498‌
74,214
WesBanco,
Inc
2,003,778‌
22,562
West
Bancorporation,
Inc
366,858‌
34,720
Westamerica
Bancorporation
1,616,216‌
78,370
WSFS
Financial
Corp
3,348,750‌
TOTAL
BANKS
273,457,507‌
Small
Cap
Blend
Index
Fund
April
30,
2024
100
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS
-
12
.1
%
80,326
(a),(b)
374Water,
Inc
$
119,686‌
179,882
(a)
3D
Systems
Corp
602,605‌
88,871
Aaon,
Inc
8,361,872‌
44,007
(a)
AAR
Corp
3,042,644‌
35,264
(a)
Aerovironment,
Inc
5,634,835‌
32,808
(a)
AerSale
Corp
233,921‌
13,132
Alamo
Group,
Inc
2,552,598‌
41,129
Albany
International
Corp
(Class
A)
3,280,038‌
18,217
Allied
Motion
Technologies,
Inc
535,398‌
35,339
Alta
Equipment
Group,
Inc
392,616‌
43,486
(a)
Ameresco,
Inc
910,162‌
21,266
(a)
American
Woodmark
Corp
1,958,173‌
13,071
(a),(b)
Amprius
Technologies,
Inc
24,443‌
272,981
(a)
API
Group
Corp
10,528,877‌
27,242
Apogee
Enterprises,
Inc
1,683,011‌
50,341
Applied
Industrial
Technologies,
Inc
9,224,988‌
188,719
(a),(b)
Archer
Aviation,
Inc
732,230‌
63,226
Arcosa,
Inc
4,806,440‌
17,133
Argan,
Inc
1,032,435‌
201,632
(a)
Array
Technologies,
Inc
2,488,139‌
30,543
Astec
Industries,
Inc
1,276,697‌
34,552
(a)
Astronics
Corp
579,437‌
48,620
Atkore,
Inc
8,523,086‌
37,586
AZZ,
Inc
2,692,285‌
63,434
Barnes
Group,
Inc
2,202,428‌
82,132
(a)
Beacon
Roofing
Supply,
Inc
8,092,466‌
76,331
(a),(b)
Blink
Charging
Co
193,117‌
254,701
(a),(b)
Bloom
Energy
Corp
2,834,822‌
36,518
(a)
Blue
Bird
Corp
1,203,451‌
10,788
(a)
BlueLinx
Holdings,
Inc
1,183,120‌
51,515
Boise
Cascade
Co
6,813,889‌
13,471
(a),(b)
Bowman
Consulting
Group
Ltd
437,673‌
31,728
(b)
Brookfield
Business
Corp
645,665‌
24,928
Cadre
Holdings,
Inc
831,349‌
56,368
(a)
Chart
Industries,
Inc
8,120,374‌
35,564
Columbus
McKinnon
Corp
1,467,726‌
46,218
Comfort
Systems
USA,
Inc
14,300,311‌
42,685
(a)
Commercial
Vehicle
Group,
Inc
256,537‌
32,351
(a)
Concrete
Pumping
Holdings,
Inc
215,134‌
55,989
(a)
Construction
Partners,
Inc
2,891,272‌
19,981
CSW
Industrials,
Inc
4,747,885‌
64,572
(a)
Custom
Truck
One
Source,
Inc
322,214‌
369,528
(a),(b)
Desktop
Metal,
Inc
289,119‌
136,803
(a)
DNOW,
Inc
1,930,290‌
29,703
Douglas
Dynamics,
Inc
672,476‌
38,323
(a),(b)
Dragonfly
Energy
Holdings
Corp
32,873‌
17,595
(a)
Ducommun,
Inc
951,714‌
16,951
(a)
DXP
Enterprises,
Inc
826,531‌
37,321
(a)
Dycom
Industries,
Inc
5,225,686‌
19,893
Encore
Wire
Corp
5,557,308‌
75,714
(a)
Energy
Recovery,
Inc
1,128,139‌
134,808
(a),(b)
Energy
Vault
Holdings,
Inc
171,206‌
70,869
Enerpac
Tool
Group
Corp
2,525,062‌
52,692
EnerSys
4,765,991‌
186,752
(a),(b)
Enovix
Corp
1,169,067‌
27,311
EnPro
Industries,
Inc
4,100,200‌
33,366
ESCO
Technologies,
Inc
3,384,981‌
112,738
(a),(b)
ESS
Tech,
Inc
84,993‌
24,700
(a),(b)
Eve
Holding,
Inc
133,133‌
6,471
(b)
EVI
Industries,
Inc
132,785‌
77,853
Federal
Signal
Corp
6,329,449‌
74,930
(a),(b)
Fluence
Energy,
Inc
1,336,751‌
187,187
(a)
Fluor
Corp
7,549,252‌
101
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
60,103
Franklin
Electric
Co,
Inc
$
5,786,116‌
130,721
FTAI
Aviation
Ltd
9,177,921‌
86,060
(a),(b)
FTC
Solar,
Inc
39,588‌
629,779
(a),(b)
FuelCell
Energy,
Inc
584,309‌
46,097
GATX
Corp
5,640,429‌
13,295
(a)
Gencor
Industries,
Inc
225,616‌
40,370
(a)
Gibraltar
Industries,
Inc
2,884,840‌
15,994
Global
Industrial
Co
615,929‌
52,271
(a)
GMS,
Inc
4,836,113‌
29,051
Gorman-Rupp
Co
963,622‌
281,369
GrafTech
International
Ltd
483,955‌
57,635
Granite
Construction,
Inc
3,198,742‌
92,133
(a)
Great
Lakes
Dredge
&
Dock
Corp
608,078‌
39,017
Greenbrier
Cos,
Inc
1,927,050‌
51,382
Griffon
Corp
3,366,549‌
43,018
H&E
Equipment
Services,
Inc
2,077,339‌
44,963
Helios
Technologies,
Inc
2,027,831‌
36,919
Herc
Holdings,
Inc
5,280,525‌
90,412
Hillenbrand,
Inc
4,314,461‌
252,942
(a)
Hillman
Solutions
Corp
2,418,126‌
57,112
(a)
Hudson
Technologies,
Inc
566,551‌
187,746
(a),(b)
Hyliion
Holdings
Corp
242,192‌
14,404
Hyster-Yale
Materials
Handling,
Inc
843,642‌
10,238
(a)
IES
Holdings,
Inc
1,383,359‌
55,905
(a),(b)
INNOVATE
Corp
39,229‌
25,320
Insteel
Industries,
Inc
812,772‌
111,943
(a)
Janus
International
Group,
Inc
1,613,099‌
113,834
(a)
JELD-WEN
Holding,
Inc
2,333,597‌
42,090
John
Bean
Technologies
Corp
3,749,798‌
15,554
Kadant,
Inc
4,258,530‌
7,176
Karat
Packaging,
Inc
194,470‌
104,117
Kennametal,
Inc
2,449,873‌
189,645
(a)
Kratos
Defense
&
Security
Solutions,
Inc
3,379,474‌
13,914
(a)
Lawson
Products,
Inc
458,745‌
88,817
(a)
Leonardo
DRS,
Inc
1,911,342‌
12,296
(a)
Limbach
Holdings,
Inc
557,378‌
14,764
Lindsay
Corp
1,714,839‌
35,165
LSI
Industries,
Inc
513,409‌
36,674
Luxfer
Holdings
plc
353,171‌
45,765
(a)
Manitowoc
Co,
Inc
553,756‌
28,608
(a)
Masonite
International
Corp
3,791,990‌
168,300
(a)
Masterbrand,
Inc
2,805,561‌
14,640
(a)
Mayville
Engineering
Co
Inc
201,446‌
32,506
McGrath
RentCorp
3,467,090‌
144,054
(a),(b)
Microvast
Holdings,
Inc
56,455‌
12,847
Miller
Industries,
Inc
625,777‌
37,835
Moog,
Inc
(Class
A)
6,018,413‌
110,682
(a)
MRC
Global,
Inc
1,242,959‌
146,648
Mueller
Industries,
Inc
8,185,891‌
201,743
Mueller
Water
Products,
Inc
(Class
A)
3,195,609‌
21,587
(a)
MYR
Group,
Inc
3,588,839‌
6,945
National
Presto
Industries,
Inc
569,421‌
163,822
(a)
NEXTracker,
Inc
7,009,943‌
801,955
(a),(b)
Nikola
Corp
497,693‌
13,656
(a)
Northwest
Pipe
Co
432,212‌
71,332
(a),(b)
NuScale
Power
Corp
413,726‌
4,550
Omega
Flex,
Inc
301,483‌
27,268
Park
Aerospace
Corp
389,114‌
10,937
Park-Ohio
Holdings
Corp
279,222‌
54,822
(a)
Parsons
Corp
4,304,075‌
11,776
Powell
Industries,
Inc
1,683,968‌
3,385
Preformed
Line
Products
Co
409,687‌
69,329
Primoris
Services
Corp
3,230,731‌
Small
Cap
Blend
Index
Fund
April
30,
2024
102
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
33,921
(a)
Proto
Labs,
Inc
$
1,033,912‌
41,693
Quanex
Building
Products
Corp
1,385,041‌
11,779
(a),(b)
Redwire
Corp
44,525‌
187,848
(a)
Resideo
Technologies,
Inc
3,668,671‌
42,409
REV
Group,
Inc
927,061‌
378,736
(a),(b)
Rocket
Lab
USA,
Inc
1,424,047‌
10,640
Rush
Enterprises,
Inc
435,282‌
79,011
Rush
Enterprises,
Inc
(Class
A)
3,470,163‌
172,581
(a),(b)
SES
AI
Corp
272,678‌
222,985
(a)
Shoals
Technologies
Group,
Inc
1,884,223‌
46,436
Shyft
Group,
Inc
505,224‌
56,002
Simpson
Manufacturing
Co,
Inc
9,738,188‌
77,038
(a),(b)
SKYX
Platforms
Corp
79,349‌
57,502
(a)
SPX
Technologies,
Inc
7,004,319‌
15,450
Standex
International
Corp
2,670,996‌
199,739
(a),(b)
Stem,
Inc
367,520‌
39,113
(a)
Sterling
Construction
Co,
Inc
3,973,881‌
115,662
(a),(b)
SunPower
Corp
238,264‌
24,061
Tennant
Co
2,802,625‌
86,715
Terex
Corp
4,860,376‌
116,727
(a),(b)
Terran
Orbital
Corp
154,080‌
45,098
(a)
Thermon
Group
Holdings,
Inc
1,439,979‌
68,648
(a)
Titan
International,
Inc
756,501‌
25,486
(a)
Titan
Machinery,
Inc
567,318‌
43,078
(a),(b)
TPI
Composites,
Inc
136,988‌
11,134
(a)
Transcat,
Inc
1,195,458‌
107,846
Trinity
Industries,
Inc
2,806,153‌
86,691
(a)
Triumph
Group,
Inc
1,158,192‌
57,548
(a)
Tutor
Perini
Corp
957,023‌
78,790
UFP
Industries,
Inc
8,879,633‌
13,963
(a)
V2X,
Inc
678,323‌
29,475
(a)
Vicor
Corp
954,400‌
448,288
(a),(b)
Virgin
Galactic
Holdings,
Inc
390,055‌
62,328
Wabash
National
Corp
1,440,400‌
35,892
Watts
Water
Technologies,
Inc
(Class
A)
7,123,126‌
3,320
(a)
Willis
Lease
Finance
Corp
161,385‌
43,471
(a),(b)
Xometry,
Inc
776,827‌
192,699
Zurn
Elkay
Water
Solutions
Corp
6,027,625‌
TOTAL
CAPITAL
GOODS
395,750,536‌
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
4
.0
%
82,234
ABM
Industries,
Inc
3,593,626‌
111,083
ACCO
Brands
Corp
535,420‌
166,227
(a)
ACV
Auctions,
Inc
2,900,661‌
540,036
(a)
Alight,
Inc
4,871,125‌
41,199
Aris
Water
Solution,
Inc
578,022‌
60,176
(a)
ASGN,
Inc
5,803,975‌
449,113
(a),(b)
Aurora
Innovation,
Inc
1,246,289‌
8,213
Barrett
Business
Services,
Inc
997,879‌
162,423
(a)
BlackSky
Technology,
Inc
196,532‌
55,968
(a)
BrightView
Holdings,
Inc
629,640‌
58,311
Brink's
Co
5,099,880‌
74,037
(a)
Casella
Waste
Systems,
Inc
(Class
A)
6,692,945‌
62,972
(a)
CBIZ,
Inc
4,482,347‌
39,690
(a)
CECO
Environmental
Corp
858,098‌
23,108
(a)
Cimpress
plc
1,970,419‌
1,670
Compx
International,
Inc
52,588‌
239,412
(a)
Conduent,
Inc
754,148‌
147,987
(a)
CoreCivic,
Inc
2,205,006‌
9,209
CRA
International,
Inc
1,336,134‌
38,720
CSG
Systems
International,
Inc
1,829,133‌
56,439
Deluxe
Corp
1,114,670‌
28,890
Ennis,
Inc
574,911‌
103
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
211,611
(a)
ExlService
Holdings,
Inc
$
6,136,719‌
66,131
Exponent,
Inc
6,078,100‌
65,916
First
Advantage
Corp
1,074,431‌
15,725
(a)
Forrester
Research,
Inc
286,038‌
15,776
(a)
Franklin
Covey
Co
614,317‌
157,529
(a)
GEO
Group,
Inc
2,340,881‌
106,622
(a)
Harsco
Corp
829,519‌
99,048
(a)
Healthcare
Services
Group
1,051,890‌
27,521
Heidrick
&
Struggles
International,
Inc
811,319‌
96,267
Herman
Miller,
Inc
2,448,070‌
7,182
HireQuest,
Inc
92,073‌
14,269
(a)
HireRight
Holdings
Corp
204,047‌
59,932
HNI
Corp
2,514,147‌
24,909
(a)
Huron
Consulting
Group,
Inc
2,322,515‌
24,769
ICF
International,
Inc
3,573,919‌
34,234
(a),(b)
Innodata,
Inc
199,926‌
47,317
Insperity,
Inc
4,870,339‌
77,869
Interface,
Inc
1,190,617‌
40,981
Kelly
Services,
Inc
(Class
A)
940,104‌
24,542
Kforce,
Inc
1,515,714‌
68,308
Korn/Ferry
International
4,147,662‌
28,441
(a),(b)
LanzaTech
Global,
Inc
61,575‌
174,613
(a)
Legalzoom.com,
Inc
2,086,625‌
27,926
(a)
Liquidity
Services,
Inc
482,003‌
39,687
Matthews
International
Corp
(Class
A)
1,070,755‌
79,375
MAXIMUS,
Inc
6,372,225‌
27,337
(a)
Mistras
Group,
Inc
239,199‌
37,154
(a)
Montrose
Environmental
Group,
Inc
1,613,227‌
9,268
NL
Industries,
Inc
76,090‌
18,667
(a)
NV5
Global,
Inc
1,740,511‌
138,890
(a)
OPENLANE,
Inc
2,386,130‌
91,816
(a)
Performant
Financial
Corp
244,231‌
239,421
Pitney
Bowes,
Inc
1,019,933‌
227,968
(a),(b)
Planet
Labs
PBC
385,266‌
44,823
Quad
Graphics,
Inc
201,255‌
13,233
(a)
Red
Violet,
Inc
222,050‌
43,962
Resources
Connection,
Inc
485,780‌
25,219
(a)
SP
Plus
Corp
1,287,682‌
119,833
Steelcase,
Inc
(Class
A)
1,441,591‌
36,013
(a)
Sterling
Check
Corp
544,877‌
41,683
TriNet
Group,
Inc
4,183,723‌
41,004
(a)
TrueBlue,
Inc
427,262‌
27,064
TTEC
Holdings,
Inc
197,026‌
19,355
Unifirst
Corp
3,099,316‌
166,466
(a)
Upwork,
Inc
1,947,652‌
177,972
(a)
Verra
Mobility
Corp
4,196,580‌
25,665
(a)
Viad
Corp
884,929‌
17,216
VSE
Corp
1,344,053‌
16,227
(a)
Willdan
Group,
Inc
457,439‌
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
130,264,780‌
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2
.8
%
36,380
(a)
1-800-FLOWERS.COM,
Inc
(Class
A)
329,967‌
44,172
Aaron's
Co,
Inc
305,229‌
63,753
(a)
Abercrombie
&
Fitch
Co
(Class
A)
7,747,265‌
94,468
Academy
Sports
&
Outdoors,
Inc
5,507,484‌
240,111
American
Eagle
Outfitters,
Inc
5,825,093‌
8,391
(a)
America's
Car-Mart,
Inc
480,301‌
112,475
Arko
Corp
483,643‌
27,172
(a)
Asbury
Automotive
Group,
Inc
5,712,641‌
157,351
(a),(b)
BARK,
Inc
173,086‌
29,233
Big
5
Sporting
Goods
Corp
103,485‌
7,537
(b)
Big
Lots,
Inc
26,530‌
Small
Cap
Blend
Index
Fund
April
30,
2024
104
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL—continued
39,413
(a)
Boot
Barn
Holdings,
Inc
$
4,196,302‌
38,399
Buckle,
Inc
1,435,739‌
17,777
Build-A-Bear
Workshop,
Inc
536,154‌
42,929
Caleres,
Inc
1,581,075‌
57,652
Camping
World
Holdings,
Inc
1,168,606‌
76,932
(a)
CarParts.com,
Inc
94,626‌
134,680
(a)
Carvana
Co
11,167,666‌
23,483
Cato
Corp
(Class
A)
113,188‌
7,328
(a),(b)
Children's
Place,
Inc
51,003‌
32,343
(a),(b)
ContextLogic,
Inc
179,504‌
59,076
Designer
Brands,
Inc
548,816‌
72,031
(a)
Destination
XL
Group,
Inc
231,220‌
4,476
(b)
Dillard's,
Inc
(Class
A)
1,960,443‌
20,264
(a)
Duluth
Holdings,
Inc
85,311‌
9,349
(a),(b)
Envela
Corp
40,107‌
138,619
(a)
EVgo,
Inc
250,900‌
108,561
Foot
Locker,
Inc
2,263,497‌
44,369
(a)
Funko,
Inc
270,207‌
15,097
(a)
Genesco,
Inc
382,105‌
17,851
Group
1
Automotive,
Inc
5,248,551‌
80,682
(a)
GrowGeneration
Corp
241,239‌
36,898
(b)
Guess,
Inc
988,128‌
20,154
Haverty
Furniture
Cos,
Inc
620,743‌
15,656
Hibbett
Sports,
Inc
1,350,173‌
2,494
(a)
J
Jill,
Inc
62,151‌
22,463
(a)
Lands'
End,
Inc
307,294‌
16,419
(a),(b)
Lazydays
Holdings,
Inc
58,123‌
237,582
(a)
Leslie's,
Inc
933,697‌
28,757
(a)
MarineMax,
Inc
709,435‌
38,889
Monro
Muffler,
Inc
1,059,725‌
101,662
(a)
National
Vision
Holdings,
Inc
1,770,952‌
40,479
(a)
ODP
Corp
2,060,786‌
16,656
(a),(b)
OneWater
Marine,
Inc
344,946‌
58,083
(a)
Overstock.com,
Inc
1,169,211‌
14,764
(b)
PetMed
Express,
Inc
58,318‌
51,193
(a)
Revolve
Group,
Inc
1,019,253‌
146,601
(a)
Sally
Beauty
Holdings,
Inc
1,590,621‌
30,011
(a),(b)
Savers
Value
Village,
Inc
495,782‌
24,101
Shoe
Carnival,
Inc
805,937‌
57,045
Signet
Jewelers
Ltd
5,592,121‌
28,674
(a)
Sleep
Number
Corp
381,651‌
18,463
Sonic
Automotive,
Inc
(Class
A)
1,067,900‌
52,415
(a)
Sportsman's
Warehouse
Holdings,
Inc
167,728‌
116,501
(a)
Stitch
Fix,
Inc
246,982‌
98,951
(a),(b)
ThredUp,
Inc
158,322‌
24,764
(a)
Tile
Shop
Holdings,
Inc
166,414‌
30,285
(a)
Tilly's,
Inc
183,830‌
18,215
(a),(b)
Torrid
Holdings,
Inc
92,350‌
68,295
Upbound
Group,
Inc
2,117,828‌
83,533
(a)
Urban
Outfitters,
Inc
3,254,446‌
110,991
(a)
Warby
Parker,
Inc
1,303,034‌
8,228
Weyco
Group,
Inc
241,492‌
3,791
Winmark
Corp
1,362,182‌
21,845
(a)
Zumiez,
Inc
375,734‌
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
90,858,272‌
CONSUMER
DURABLES
&
APPAREL
-
3
.0
%
38,904
Acushnet
Holdings
Corp
2,372,366‌
134,776
(a),(b)
Allbirds,
Inc
81,310‌
122,313
(a),(b)
AMMO,
Inc
310,675‌
39,684
(a)
Beazer
Homes
USA,
Inc
1,112,343‌
188,297
(a)
Callaway
Golf
Co
3,016,518‌
10,937
(a)
Cavco
Industries,
Inc
3,983,365‌
105
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
37,411
Century
Communities,
Inc
$
2,967,441‌
39,006
Clarus
Corp
246,908‌
64,659
Cricut,
Inc
343,986‌
33,115
(a)
Dream
Finders
Homes,
Inc
1,175,583‌
13,002
Escalade,
Inc
162,005‌
30,328
Ethan
Allen
Interiors,
Inc
856,463‌
54,988
(a)
G-III
Apparel
Group
Ltd
1,547,912‌
172,014
(a)
GoPro,
Inc
297,584‌
33,349
(a)
Green
Brick
Partners,
Inc
1,805,181‌
465,616
(a)
Hanesbrands,
Inc
2,123,209‌
31,409
(a)
Helen
of
Troy
Ltd
2,911,928‌
13,365
Hooker
Furniture
Corp
227,205‌
6,484
(a)
Hovnanian
Enterprises,
Inc
958,530‌
31,115
Installed
Building
Products,
Inc
7,334,739‌
38,143
(a),(b)
iRobot
Corp
326,504‌
9,347
(a)
JAKKS
Pacific,
Inc
176,752‌
7,378
Johnson
Outdoors,
Inc
302,572‌
89,009
KB
Home
5,764,223‌
72,781
Kontoor
Brands,
Inc
4,516,789‌
27,788
(a)
Landsea
Homes
Corp
320,951‌
58,833
(a)
Latham
Group,
Inc
164,732‌
55,865
La-Z-Boy,
Inc
1,834,607‌
12,191
(a)
Legacy
Housing
Corp
248,331‌
27,549
(a)
LGI
Homes,
Inc
2,477,482‌
18,991
(a)
Lovesac
Co
421,220‌
35,538
(a)
M/I
Homes,
Inc
4,130,226‌
27,910
(a)
Malibu
Boats,
Inc
949,498‌
11,799
Marine
Products
Corp
126,839‌
23,720
(a)
MasterCraft
Boat
Holdings,
Inc
479,856‌
47,568
Meritage
Homes
Corp
7,883,920‌
20,686
Movado
Group,
Inc
526,872‌
19,605
Oxford
Industries,
Inc
2,113,027‌
77,557
(a),(b)
Purple
Innovation,
Inc
117,887‌
8,350
Rocky
Brands,
Inc
215,180‌
69,899
(a)
Skyline
Champion
Corp
5,241,726‌
61,498
Smith
&
Wesson
Brands,
Inc
1,043,621‌
25,142
(a)
Snap
One
Holdings
Corp
266,002‌
30,224
(a),(b)
Solo
Brands,
Inc
56,821‌
161,757
(a)
Sonos,
Inc
2,733,693‌
96,415
Steven
Madden
Ltd
3,896,130‌
22,085
Sturm
Ruger
&
Co,
Inc
1,020,990‌
135,053
(a)
Taylor
Morrison
Home
Corp
7,564,319‌
56,696
(a)
Traeger,
Inc
121,896‌
124,924
(a)
Tri
Pointe
Homes,
Inc
4,603,449‌
7,006
(a),(b)
United
Homes
Group,
Inc
46,800‌
32,725
(a)
Vera
Bradley,
Inc
215,658‌
74,000
(a)
Vista
Outdoor,
Inc
2,596,660‌
92,087
(a)
Vizio
Holding
Corp
976,122‌
18,596
(a)
VOXX
International
Corp
(Class
A)
109,716‌
82,592
(a),(b)
Vuzix
Corp
109,847‌
107,291
Wolverine
World
Wide,
Inc
1,152,305‌
TOTAL
CONSUMER
DURABLES
&
APPAREL
98,688,474‌
CONSUMER
SERVICES
-
3
.2
%
64,433
(a)
Accel
Entertainment,
Inc
692,010‌
52,144
(a)
Adtalem
Global
Education,
Inc
2,587,385‌
41,884
(a)
BALLY'S
CORP
550,356‌
914
(a)
Biglari
Holdings,
Inc
(B
Shares)
180,159‌
31,486
(a)
BJ's
Restaurants,
Inc
1,026,129‌
112,499
Bloomin'
Brands,
Inc
2,901,349‌
23,333
(b)
Bowlero
Corp
274,163‌
57,170
(a)
Brinker
International,
Inc
3,064,312‌
15,901
Carriage
Services,
Inc
406,748‌
Small
Cap
Blend
Index
Fund
April
30,
2024
106
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
39,276
Carrols
Restaurant
Group,
Inc
$
373,908‌
34,911
(a),(b)
Century
Casinos,
Inc
103,686‌
63,748
Cheesecake
Factory
2,200,581‌
154,312
(a)
Chegg,
Inc
797,793‌
24,200
(a)
Chuy's
Holdings,
Inc
712,932‌
171,870
(a)
Coursera,
Inc
1,756,511‌
29,751
(b)
Cracker
Barrel
Old
Country
Store,
Inc
1,731,211‌
44,231
(a)
Dave
&
Buster's
Entertainment,
Inc
2,361,935‌
69,612
(a)
Denny's
Corp
558,288‌
21,123
Dine
Brands
Global
Inc.
931,524‌
38,567
(a)
Duolingo,
Inc
8,706,500‌
34,449
(a)
El
Pollo
Loco
Holdings,
Inc
293,505‌
3,992
(a),(c)
Empire
Resorts,
Inc
40‌
45,139
(a)
European
Wax
Center,
Inc
530,835‌
111,166
(a)
Everi
Holdings,
Inc
908,226‌
29,737
(a)
First
Watch
Restaurant
Group,
Inc
758,888‌
106,764
(a)
Frontdoor,
Inc
3,276,587‌
41,544
(a)
Full
House
Resorts,
Inc
211,874‌
42,834
(a)
Global
Business
Travel
Group
I
259,146‌
26,672
Golden
Entertainment,
Inc
854,838‌
4,480
Graham
Holdings
Co
3,142,138‌
103,039
(a)
Hilton
Grand
Vacations,
Inc
4,290,544‌
31,386
(a)
Inspired
Entertainment,
Inc
266,781‌
141,840
International
Game
Technology
plc
2,799,922‌
26,413
Jack
in
the
Box,
Inc
1,507,390‌
109,962
(b)
Krispy
Kreme,
Inc
1,391,019‌
7,827
(a)
Kura
Sushi
USA,
Inc
861,596‌
169,059
Laureate
Education,
Inc
2,451,355‌
60,234
(a)
Life
Time
Group
Holdings,
Inc
822,796‌
117,967
(a)
Light
&
Wonder,
Inc
10,529,734‌
30,587
(a)
Lincoln
Educational
Services
Corp
326,057‌
47,271
(a)
Lindblad
Expeditions
Holdings,
Inc
346,969‌
17,150
Monarch
Casino
&
Resort,
Inc
1,162,256‌
61,478
(a),(b)
Mondee
Holdings,
Inc
134,637‌
3,470
Nathan's
Famous,
Inc
224,197‌
70,999
(a)
Nerdy,
Inc
183,887‌
56,787
(a),(b)
Noodles
&
Co
85,748‌
30,594
(a)
ONE
Group
Hospitality,
Inc
163,984‌
112,075
(a)
OneSpaWorld
Holdings
Ltd
1,425,594‌
42,844
Papa
John's
International,
Inc
2,643,046‌
84,900
Perdoceo
Education
Corp
1,553,670‌
48,141
(a)
PlayAGS,
Inc
425,566‌
60,974
(a)
Portillo's,
Inc
747,541‌
34,790
(a)
Potbelly
Corp
354,510‌
11,650
RCI
Hospitality
Holdings,
Inc
591,354‌
21,102
(a),(b)
Red
Robin
Gourmet
Burgers,
Inc
159,320‌
62,075
Red
Rock
Resorts,
Inc
3,297,424‌
85,336
(a)
Rush
Street
Interactive,
Inc
545,297‌
446,219
(a)
Sabre
Corp
1,280,649‌
47,017
(a)
SeaWorld
Entertainment,
Inc
2,389,404‌
49,666
(a)
Shake
Shack,
Inc
5,257,146‌
95,798
(a)
Six
Flags
Entertainment
Corp
2,258,917‌
29,726
Strategic
Education,
Inc
3,413,734‌
55,141
(a)
Stride,
Inc
3,680,662‌
175,127
(a)
Super
Group
SGHC
Ltd
553,401‌
127,761
(a)
Sweetgreen,
Inc
2,870,790‌
39,028
(a)
Target
Hospitality
Corp
434,187‌
111,682
(a)
Udemy,
Inc
1,119,054‌
45,282
(a)
Universal
Technical
Institute,
Inc
689,192‌
33,042
(a)
Xponential
Fitness,
Inc
421,286‌
TOTAL
CONSUMER
SERVICES
105,814,173‌
107
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0
.6
%
41,457
Andersons,
Inc
$
2,277,648‌
46,080
(a)
Chefs'
Warehouse,
Inc
1,524,326‌
51,841
(a)
HF
Foods
Group,
Inc
151,376‌
17,765
Ingles
Markets,
Inc
(Class
A)
1,274,639‌
12,852
Natural
Grocers
by
Vitamin
Cottage,
Inc
210,259‌
32,750
Pricesmart,
Inc
2,639,322‌
47,147
SpartanNash
Co
900,036‌
133,771
(a)
Sprouts
Farmers
Market,
Inc
8,832,899‌
78,946
(a)
United
Natural
Foods,
Inc
704,988‌
8,916
Village
Super
Market
(Class
A)
249,380‌
21,359
Weis
Markets,
Inc
1,348,394‌
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
20,113,267‌
ENERGY
-
7
.5
%
49,857
(a)
Amplify
Energy
Corp
351,990‌
179,913
Archrock,
Inc
3,452,530‌
55,514
Ardmore
Shipping
Corp
929,860‌
24,627
(b)
Atlas
Energy
Solutions,
Inc
546,966‌
96,397
Berry
Corp
818,411‌
287,384
(b)
Borr
Drilling
Ltd
1,523,135‌
28,053
(a)
Bristow
Group,
Inc
738,074‌
85,256
Cactus,
Inc
4,232,108‌
90,668
California
Resources
Corp
4,792,710‌
16,544
(a)
Centrus
Energy
Corp
710,234‌
254,289
ChampionX
Corp
8,536,482‌
54,637
Chord
Energy
Corp
9,669,656‌
104,803
Civitas
Resources,
Inc
7,541,624‌
211,719
(a)
Clean
Energy
Fuels
Corp
491,188‌
206,666
(a)
CNX
Resources
Corp
4,860,784‌
125,215
(b)
Comstock
Resources,
Inc
1,259,663‌
40,323
CONSOL
Energy,
Inc
3,337,131‌
63,121
Core
Laboratories,
Inc
997,312‌
104,807
Crescent
Energy
Co
1,115,146‌
40,143
CVR
Energy,
Inc
1,219,544‌
84,387
Delek
US
Holdings,
Inc
2,306,297‌
178,769
DHT
Holdings,
Inc
2,041,542‌
130,861
(a)
Diamond
Offshore
Drilling,
Inc
1,601,739‌
22,625
(a)
DMC
Global,
Inc
358,606‌
44,086
Dorian
LPG
Ltd
1,821,634‌
45,388
(a)
Dril-Quip,
Inc
825,154‌
14,077
(a),(b)
Empire
Petroleum
Corp
72,919‌
191,551
(a)
Encore
Energy
Corp
844,740‌
213,166
(a),(b)
Energy
Fuels,
Inc
1,104,200‌
572,046
Equitrans
Midstream
Corp
7,739,782‌
42,535
Evolution
Petroleum
Corp
229,689‌
25,892
Excelerate
Energy,
Inc
436,539‌
115,730
(a)
Expro
Group
Holdings
NV
2,171,095‌
37,293
FLEX
LNG
Ltd
969,991‌
13,082
(a)
Forum
Energy
Technologies,
Inc
243,979‌
329,245
(a),(b)
Gevo,
Inc
216,907‌
130,802
Golar
LNG
Ltd
3,207,265‌
46,394
Granite
Ridge
Resources,
Inc
302,489‌
78,270
(a)
Green
Plains,
Inc
1,617,841‌
14,405
(a)
Gulfport
Energy
Operating
Corp
2,286,218‌
30,364
(a)
Hallador
Energy
Co
155,160‌
188,003
(a)
Helix
Energy
Solutions
Group,
Inc
2,019,152‌
126,878
Helmerich
&
Payne,
Inc
4,990,112‌
16,274
(b)
HighPeak
Energy,
Inc
231,254‌
52,231
International
Seaways,
Inc
2,887,852‌
47,936
Kinetik
Holdings,
Inc
1,837,866‌
14,795
(a),(b)
KLX
Energy
Services
Holdings,
Inc
98,091‌
21,034
Kodiak
Gas
Services,
Inc
571,704‌
610,680
(a)
Kosmos
Energy
Ltd
3,462,556‌
Small
Cap
Blend
Index
Fund
April
30,
2024
108
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
217,136
Liberty
Energy,
Inc
$
4,776,992‌
231,185
(b)
Magnolia
Oil
&
Gas
Corp
5,795,808‌
31,375
(a)
Mammoth
Energy
Services,
Inc
101,969‌
148,041
Matador
Resources
Co
9,222,954‌
189,992
Murphy
Oil
Corp
8,481,243‌
12,281
(a)
Nabors
Industries
Ltd
884,600‌
5,622
Nacco
Industries,
Inc
(Class
A)
154,830‌
100,749
(a)
Newpark
Resources,
Inc
699,198‌
106,488
(a),(b)
NextDecade
Corp
683,653‌
147,544
Noble
Corp
plc
6,548,003‌
270,472
Nordic
American
Tankers
Ltd
1,054,841‌
113,538
Northern
Oil
and
Gas,
Inc
4,631,215‌
132,521
(a)
Oceaneering
International,
Inc
3,036,056‌
85,619
(a)
Oil
States
International,
Inc
341,620‌
74,518
Overseas
Shipholding
Group,
Inc
453,069‌
72,302
(a)
Par
Pacific
Holdings,
Inc
2,226,902‌
461,781
Patterson-UTI
Energy,
Inc
4,996,470‌
144,089
PBF
Energy,
Inc
7,675,621‌
146,759
Peabody
Energy
Corp
3,219,892‌
595,718
Permian
Resources
Corp
9,978,277‌
927
(a)
PrimeEnergy
Corp
94,980‌
22,596
(a),(b)
ProFrac
Holding
Corp
164,273‌
129,228
(a)
ProPetro
Holding
Corp
1,126,868‌
11,593
Ranger
Energy
Services,
Inc
114,075‌
21,837
(a)
Rex
American
Resources
Corp
1,208,241‌
12,563
Riley
Exploration
Permian,
Inc
325,759‌
159,413
(a),(b)
Ring
Energy,
Inc
302,885‌
111,463
RPC,
Inc
745,687‌
37,496
SandRidge
Energy,
Inc
513,695‌
63,132
Scorpio
Tankers,
Inc
4,441,968‌
32,964
(a)
SEACOR
Marine
Holdings,
Inc
402,820‌
61,218
(a)
Seadrill
Ltd
2,972,134‌
99,091
Select
Water
Solutions,
Inc
915,601‌
145,925
SFL
Corp
Ltd
1,945,180‌
28,609
(a)
SilverBow
Resources,
Inc
878,868‌
105,042
Sitio
Royalties
Corp
2,441,176‌
151,465
SM
Energy
Co
7,344,538‌
41,451
Solaris
Oilfield
Infrastructure,
Inc
365,183‌
182,012
(a)
Talos
Energy,
Inc
2,398,918‌
69,609
(a)
Teekay
Corp
509,538‌
29,935
Teekay
Tankers
Ltd
1,744,312‌
730,265
(a),(b)
Tellurian,
Inc
314,087‌
157,128
(a)
Tetra
Technologies,
Inc
674,079‌
61,477
(a)
Tidewater,
Inc
5,646,662‌
499,278
(a),(b)
Uranium
Energy
Corp
3,370,127‌
92,195
(a)
US
Silica
Holdings,
Inc
1,422,569‌
127,110
Vaalco
Energy,
Inc
813,504‌
77,584
(a)
Valaris
Ltd
5,047,615‌
5,797
(a),(b)
Verde
Clean
Fuels,
Inc
28,405‌
91,121
(a),(b)
Vertex
Energy,
Inc
118,457‌
29,647
(a)
Vital
Energy,
Inc
1,571,884‌
33,898
Vitesse
Energy,
Inc
752,197‌
125,971
W&T
Offshore,
Inc
283,435‌
93,001
(a)
Weatherford
International
plc
11,496,784‌
76,078
World
Fuel
Services
Corp
1,787,833‌
TOTAL
ENERGY
243,024,471‌
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
5
.0
%
125,823
Acadia
Realty
Trust
2,174,221‌
90,915
Alexander
&
Baldwin,
Inc
1,497,370‌
2,450
Alexander's,
Inc
518,322‌
17,127
Alpine
Income
Property
Trust,
Inc
255,706‌
65,435
American
Assets
Trust,
Inc
1,397,037‌
109
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
187,867
(a)
Apartment
Investment
and
Management
Co
$
1,502,936‌
278,770
Apple
Hospitality
REIT,
Inc
4,114,645‌
85,020
Armada
Hoffler
Properties,
Inc
894,410‌
95,713
Braemar
Hotels
&
Resorts,
Inc
261,297‌
236,646
Brandywine
Realty
Trust
1,074,373‌
246,482
Broadstone
Net
Lease,
Inc
3,588,778‌
16,093
BRT
Apartments
Corp
288,708‌
156,474
CareTrust
REIT,
Inc
3,868,037‌
32,453
CBL
&
Associates
Properties,
Inc
705,853‌
18,653
Centerspace
1,254,414‌
58,471
Chatham
Lodging
Trust
536,179‌
54,938
City
Office
REIT,
Inc
256,011‌
13,183
Clipper
Realty,
Inc
55,369‌
36,253
Community
Healthcare
Trust,
Inc
961,792‌
148,099
Corporate
Office
Properties
Trust
3,549,933‌
23,256
CTO
Realty
Growth,
Inc
403,492‌
272,756
DiamondRock
Hospitality
Co
2,427,528‌
309,499
Diversified
Healthcare
Trust
730,418‌
213,402
Douglas
Emmett,
Inc
2,925,741‌
126,672
Easterly
Government
Properties,
Inc
1,480,796‌
171,173
Empire
State
Realty
Trust,
Inc
1,557,674‌
131,209
(a)
Equity
Commonwealth
2,456,232‌
201,993
Essential
Properties
Realty
Trust,
Inc
5,320,496‌
60,384
Farmland
Partners,
Inc
649,732‌
117,425
Four
Corners
Property
Trust,
Inc
2,753,616‌
60,561
Getty
Realty
Corp
1,641,203‌
53,876
Gladstone
Commercial
Corp
720,322‌
44,632
Gladstone
Land
Corp
565,934‌
83,263
Global
Medical
REIT,
Inc
675,263‌
260,610
Global
Net
Lease,
Inc
1,811,240‌
188,383
Hudson
Pacific
Properties,
Inc
1,092,621‌
299,729
Independence
Realty
Trust,
Inc
4,726,726‌
35,698
Innovative
Industrial
Properties,
Inc
3,691,173‌
87,703
InvenTrust
Properties
Corp
2,222,394‌
122,766
JBG
SMITH
Properties
1,842,718‌
283,898
Kite
Realty
Group
Trust
6,188,976‌
385,119
Lexington
Realty
Trust
3,215,744‌
50,797
LTC
Properties,
Inc
1,681,381‌
282,290
Macerich
Co
3,884,310‌
106,908
Mack-Cali
Realty
Corp
1,540,544‌
53,635
National
Health
Investors,
Inc
3,382,223‌
90,514
NETSTREIT
Corp
1,525,161‌
43,901
NexPoint
Diversified
Real
Estate
Trust
262,528‌
30,782
NexPoint
Residential
Trust,
Inc
1,053,976‌
36,023
Office
Properties
Income
Trust
72,766‌
21,738
One
Liberty
Properties,
Inc
498,018‌
77,925
Orion
Office
REIT,
Inc
243,126‌
193,776
Outfront
Media,
Inc
3,073,287‌
254,434
Paramount
Group,
Inc
1,180,574‌
42,925
Peakstone
Realty
Trust
599,662‌
158,549
Pebblebrook
Hotel
Trust
2,303,717‌
156,087
Phillips
Edison
&
Co,
Inc
5,104,045‌
171,598
Piedmont
Office
Realty
Trust,
Inc
1,182,310‌
56,344
Plymouth
Industrial
REIT,
Inc
1,176,463‌
24,650
Postal
Realty
Trust,
Inc
341,403‌
104,162
PotlatchDeltic
Corp
4,167,522‌
162,732
Retail
Opportunity
Investments
Corp
1,996,722‌
195,858
RLJ
Lodging
Trust
2,154,438‌
76,130
Ryman
Hospitality
Properties,
Inc
8,030,192‌
298,503
Sabra
Health
Care
REIT,
Inc
4,155,162‌
64,391
Safehold,
Inc
1,174,492‌
13,508
Saul
Centers,
Inc
491,826‌
211,085
Service
Properties
Trust
1,293,951‌
Small
Cap
Blend
Index
Fund
April
30,
2024
110
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)—continued
250,805
SITE
Centers
Corp
$
3,383,359‌
84,695
SL
Green
Realty
Corp
4,220,352‌
17,982
(a)
Star
Holdings
213,806‌
138,486
Summit
Hotel
Properties,
Inc
832,301‌
265,116
Sunstone
Hotel
Investors,
Inc
2,704,183‌
133,169
Tanger
Factory
Outlet
Centers,
Inc
3,775,341‌
117,103
Terreno
Realty
Corp
6,364,548‌
80,873
UMH
Properties,
Inc
1,287,498‌
322,414
Uniti
Group,
Inc
1,853,881‌
17,424
Universal
Health
Realty
Income
Trust
627,787‌
150,300
Urban
Edge
Properties
2,514,519‌
115,558
Washington
REIT
1,751,859‌
62,723
Whitestone
REIT
721,315‌
140,219
Xenia
Hotels
&
Resorts,
Inc
1,944,838‌
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
162,620,816‌
FINANCIAL
SERVICES
-
5
.6
%
51,959
(a)
Acacia
Research
(Acacia
Technologies)
253,040‌
22,327
AFC
Gamma,
Inc
267,924‌
24,063
Alerus
Financial
Corp
474,041‌
28,214
(a)
AlTi
Global,
Inc
129,784‌
26,161
(b)
A-Mark
Precious
Metals,
Inc
1,048,271‌
18,385
Angel
Oak
Mortgage
REIT,
Inc
193,594‌
187,042
Apollo
Commercial
Real
Estate
Finance,
Inc
1,801,214‌
241,754
Arbor
Realty
Trust,
Inc
3,101,704‌
68,600
Ares
Commercial
Real
Estate
Corp
465,794‌
61,059
ARMOUR
Residential
REIT,
Inc
1,109,442‌
79,447
Artisan
Partners
Asset
Management,
Inc
3,251,766‌
27,851
(a)
AssetMark
Financial
Holdings,
Inc
941,642‌
6,149
(a)
Atlanticus
Holdings
Corp
162,641‌
193,576
(a)
AvidXchange
Holdings,
Inc
2,257,096‌
26,819
(b)
B
Riley
Financial,
Inc
922,574‌
1
(a),(b)
Bakkt
Holdings,
Inc
5‌
33,127
Banco
Latinoamericano
de
Exportaciones
S.A.
(Class
E)
941,138‌
470,654
BGC
Group,
Inc
3,685,221‌
224,773
Blackstone
Mortgage
Trust,
Inc
3,964,996‌
64,302
Bread
Financial
Holdings,
Inc
2,373,387‌
42,705
Brightsphere
Investment
Group,
Inc
949,759‌
174,785
BrightSpire
Capital,
Inc
1,099,398‌
84,716
(a)
Cannae
Holdings,
Inc
1,647,726‌
67,393
(a)
Cantaloupe,
Inc
390,205‌
17,461
Cass
Information
Systems,
Inc
754,141‌
20,932
Chicago
Atlantic
Real
Estate
Finance,
Inc
329,470‌
295,029
Chimera
Investment
Corp
1,215,519‌
116,554
Claros
Mortgage
Trust,
Inc
1,014,020‌
33,655
Cohen
&
Steers,
Inc
2,314,791‌
80,366
Compass
Diversified
Trust
1,765,641‌
13,986
(a)
Consumer
Portfolio
Services,
Inc
119,720‌
3,880
Diamond
Hill
Investment
Group,
Inc
578,974‌
32,625
(a)
Donnelley
Financial
Solutions,
Inc
2,048,197‌
76,192
Dynex
Capital,
Inc
889,161‌
93,537
Ellington
Financial,
Inc
1,070,063‌
35,451
Enact
Holdings,
Inc
1,053,958‌
31,275
(a)
Encore
Capital
Group,
Inc
1,285,090‌
37,700
(a)
Enova
International,
Inc
2,281,981‌
136,612
Essent
Group
Ltd
7,236,338‌
85,781
EVERTEC,
Inc
3,219,361‌
12,214
Federal
Agricultural
Mortgage
Corp
(FAMC)
2,273,392‌
65,984
(a)
Finance
Of
America
Cos,
Inc
31,672‌
49,197
FirstCash
Holdings,
Inc
5,558,277‌
139,199
(a)
Flywire
Corp
2,853,579‌
151,090
(a)
Forge
Global
Holdings,
Inc
276,495‌
111
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
103,375
Franklin
BSP
Realty
Trust,
Inc
$
1,291,154‌
55,324
GCM
Grosvenor,
Inc
522,258‌
75,993
Granite
Point
Mortgage
Trust,
Inc
326,010‌
54,459
(a)
Green
Dot
Corp
476,516‌
47,603
Hamilton
Lane,
Inc
5,318,207‌
143,456
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc
3,587,835‌
32,706
(a)
I3
Verticals,
Inc
742,753‌
43,507
(a)
International
Money
Express,
Inc
880,147‌
63,899
Invesco
Mortgage
Capital,
Inc
546,336‌
104,222
Jackson
Financial,
Inc
7,120,447‌
80,286
KKR
Real
Estate
Finance
Trust,
Inc
755,491‌
144,893
Ladder
Capital
Corp
1,554,702‌
148,229
(a)
LendingClub
Corp
1,114,682‌
15,171
(a)
LendingTree,
Inc
732,304‌
42,753
MarketWise,
Inc
66,695‌
616,112
(a)
Marqeta,
Inc
3,419,422‌
21,476
Merchants
Bancorp
866,127‌
129,979
MFA
Financial,
Inc
1,376,478‌
89,018
Moelis
&
Co
4,369,003‌
83,659
(a)
Mr
Cooper
Group,
Inc
6,458,475‌
104,633
Navient
Corp
1,571,588‌
16,350
Nelnet,
Inc
(Class
A)
1,539,843‌
40,059
(a)
NerdWallet,
Inc
503,542‌
113,687
New
York
Mortgage
Trust,
Inc
778,756‌
30,932
(b)
NewtekOne,
Inc
333,756‌
11,334
Nexpoint
Real
Estate
Finance,
Inc
146,889‌
102,496
(a)
NMI
Holdings,
Inc
3,163,027‌
8,575
(a)
Ocwen
Financial
Corp
200,140‌
126,061
(a)
Open
Lending
Corp
642,911‌
19,207
OppFi,
Inc
51,283‌
71,476
Orchid
Island
Capital,
Inc
595,395‌
57,144
P10,
Inc
405,722‌
256,317
(a)
Pagseguro
Digital
Ltd
3,191,147‌
72,267
Patria
Investments
Ltd
968,378‌
339,936
(a)
Payoneer
Global,
Inc
1,679,284‌
42,771
(a)
Paysafe
Ltd
608,204‌
43,694
(a)
Paysign
Inc
200,992‌
33,083
PennyMac
Financial
Services,
Inc
2,833,228‌
114,025
PennyMac
Mortgage
Investment
Trust
1,579,246‌
56,705
Perella
Weinberg
Partners
846,039‌
22,673
Piper
Jaffray
Cos
4,439,147‌
30,980
PJT
Partners,
Inc
2,927,300‌
52,853
(a)
PRA
Group,
Inc
1,257,373‌
25,156
(a)
Priority
Technology
Holdings
Inc
80,751‌
58,298
PROG
Holdings,
Inc
1,937,825‌
200,598
Radian
Group,
Inc
5,991,862‌
212,565
Ready
Capital
Corp
1,811,054‌
172,173
Redwood
Trust,
Inc
952,117‌
11,335
Regional
Management
Corp
285,755‌
173,200
(a)
Remitly
Global,
Inc
3,088,156‌
102,364
(a)
Repay
Holdings
Corp
1,041,042‌
15,036
(a)
Security
National
Financial
Corp
98,937‌
13,835
Silvercrest
Asset
Management
Group,
Inc
202,683‌
72,708
StepStone
Group,
Inc
2,622,578‌
381,641
(a)
StoneCo
Ltd
5,953,600‌
36,229
(a)
StoneX
Group,
Inc
2,630,225‌
4,871
(a),(b)
SWK
Holdings
Corp
84,463‌
85,106
TPG
RE
Finance
Trust,
Inc
623,827‌
135,544
Two
Harbors
Investment
Corp
1,711,921‌
96,138
(a),(b)
Upstart
Holdings,
Inc
2,127,534‌
1,276
(b)
Value
Line,
Inc
46,191‌
13,428
(a)
Velocity
Financial,
Inc
230,290‌
Small
Cap
Blend
Index
Fund
April
30,
2024
112
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINANCIAL
SERVICES—continued
33,734
Victory
Capital
Holdings,
Inc
$
1,715,711‌
9,115
Virtus
Investment
Partners,
Inc
1,999,102‌
42,132
Walker
&
Dunlop,
Inc
3,860,555‌
25,565
Waterstone
Financial,
Inc
289,907‌
184,169
WisdomTree,
Inc
1,639,104‌
5,301
(a)
World
Acceptance
Corp
729,259‌
TOTAL
FINANCIAL
SERVICES
183,344,883‌
FOOD,
BEVERAGE
&
TOBACCO
-
1
.5
%
8,749
Alico,
Inc
244,185‌
97,662
B&G
Foods,
Inc
(Class
A)
1,084,048‌
79,731
(a),(b)
Beyond
Meat,
Inc
540,576‌
58,803
(a),(b)
BRC,
Inc
229,332‌
22,401
Calavo
Growers,
Inc
603,707‌
53,851
Cal-Maine
Foods,
Inc
2,979,576‌
6,188
Coca-Cola
Consolidated
Inc
5,111,288‌
88,032
Dole
plc
1,071,349‌
70,114
(a)
Duckhorn
Portfolio,
Inc
593,865‌
6,332
(a),(b)
Forafric
Global
plc
65,030‌
44,645
Fresh
Del
Monte
Produce,
Inc
1,141,573‌
121,403
(a)
Hain
Celestial
Group,
Inc
745,414‌
23,066
(a),(b)
Ispire
Technology,
Inc
119,251‌
20,046
J&J
Snack
Foods
Corp
2,752,115‌
11,667
John
B
Sanfilippo
&
Son,
Inc
1,163,200‌
25,619
Lancaster
Colony
Corp
4,888,361‌
23,415
Limoneira
Co
463,149‌
21,549
MGP
Ingredients,
Inc
1,690,303‌
66,355
(a)
Mission
Produce,
Inc
753,129‌
30,152
(a)
National
Beverage
Corp
1,341,764‌
205,609
Primo
Water
Corp
3,879,842‌
5,612
(a)
Seneca
Foods
Corp
326,001‌
118,695
(a)
Simply
Good
Foods
Co
4,326,433‌
129,933
(a)
SunOpta,
Inc
851,061‌
66,363
(a)
TreeHouse
Foods,
Inc
2,491,931‌
22,190
Turning
Point
Brands,
Inc
639,960‌
31,232
Universal
Corp
1,606,262‌
96,666
Utz
Brands,
Inc
1,742,888‌
194,102
Vector
Group
Ltd
2,008,956‌
49,261
(a)
Vita
Coco
Co,
Inc
1,194,087‌
38,219
(a)
Vital
Farms,
Inc
1,022,740‌
37,505
(a),(b)
Westrock
Coffee
Co
380,301‌
34,161
(a)
Zevia
PBC
29,409‌
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
48,081,086‌
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.5
%
422,318
(a)
23andMe
Holding
Co
212,088‌
86,697
(a)
Accolade,
Inc
661,498‌
125,546
(a)
Accuray,
Inc
267,413‌
119,282
(a)
AdaptHealth
Corp
1,174,928‌
20,910
(a)
Addus
HomeCare
Corp
2,010,497‌
40,354
(a)
Agiliti,
Inc
409,593‌
17,003
(a),(b)
AirSculpt
Technologies,
Inc
93,687‌
115,860
(a)
Alignment
Healthcare,
Inc
596,679‌
119,389
(a)
Alphatec
Holdings,
Inc
1,506,689‌
337,373
(a)
American
Well
Corp
172,229‌
50,396
(a)
AMN
Healthcare
Services,
Inc
3,022,752‌
51,827
(a)
Angiodynamics,
Inc
300,078‌
55,609
(a)
Apollo
Medical
Holdings,
Inc
2,065,874‌
62,786
(a)
AtriCure,
Inc
1,514,398‌
1,897
Atrion
Corp
802,981‌
62,533
(a)
Avanos
Medical,
Inc
1,130,597‌
60,420
(a)
Aveanna
Healthcare
Holdings,
Inc
135,945‌
54,514
(a)
Axogen,
Inc
349,435‌
65,278
(a)
Axonics,
Inc
4,345,556‌
113
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
35,507
(a),(b)
Beyond
Air,
Inc
$
38,348‌
70,765
(a)
BrightSpring
Health
Services,
Inc
756,478‌
241,587
(a)
Brookdale
Senior
Living,
Inc
1,640,376‌
207,390
(a),(b)
Butterfly
Network,
Inc
160,955‌
33,263
(a)
Castle
Biosciences,
Inc
701,517‌
237,114
(a)
Cerus
Corp
395,980‌
31,337
(a),(b)
ClearPoint
Neuro,
Inc
170,160‌
160,384
(a)
Community
Health
Systems,
Inc
529,267‌
18,280
(a)
Computer
Programs
&
Systems,
Inc
144,412‌
40,477
Conmed
Corp
2,751,626‌
11,554
(a)
Corvel
Corp
2,759,673‌
46,184
(a)
Cross
Country
Healthcare,
Inc
812,838‌
49,448
(a)
CryoLife,
Inc
970,170‌
15,323
(a)
CVRx,
Inc
237,660‌
61,038
(a)
Definitive
Healthcare
Corp
423,604‌
111,839
(a)
DocGo,
Inc
378,016‌
71,376
Embecta
Corp
723,039‌
68,394
(a)
Enhabit,
Inc
690,095‌
71,093
Ensign
Group,
Inc
8,414,567‌
143,927
(a)
Evolent
Health,
Inc
3,992,535‌
171,182
(a)
Figs,
Inc
874,740‌
27,932
(a)
Fulgent
Genetics,
Inc
568,416‌
61,760
(a)
Glaukos
Corp
5,928,960‌
145,121
(a)
Guardant
Health,
Inc
2,612,178‌
65,936
(a)
Haemonetics
Corp
6,062,815‌
76,936
(a)
Health
Catalyst,
Inc
478,542‌
110,617
(a)
HealthEquity,
Inc
8,728,787‌
28,880
HealthStream,
Inc
744,238‌
157,431
(a)
Hims
&
Hers
Health,
Inc
1,972,610‌
69,757
(a)
Inari
Medical,
Inc
2,604,726‌
25,023
(a)
InfuSystem
Holdings,
Inc
187,923‌
101,140
(a)
Inmode
Ltd
1,738,597‌
21,483
(a)
Innovage
Holding
Corp
76,265‌
32,057
(a)
Inogen,
Inc
217,988‌
43,525
(a)
Integer
Holdings
Corp
4,858,696‌
9,882
iRadimed
Corp
401,308‌
39,957
(a)
iRhythm
Technologies,
Inc
4,378,488‌
20,600
(a)
Joint
Corp
245,964‌
88,883
(a)
Lantheus
Holdings,
Inc
5,914,275‌
26,168
LeMaitre
Vascular,
Inc
1,695,686‌
144,121
(a),(b)
LifeStance
Health
Group,
Inc
890,668‌
70,759
(a)
LivaNova
plc
3,944,814‌
74,176
(a)
Merit
Medical
Systems,
Inc
5,496,442‌
17,709
(a)
ModivCare,
Inc
415,630‌
529,041
(a),(b)
Multiplan
Corp
343,771‌
63,975
(a),(b)
Nano-X
Imaging
Ltd
573,216‌
15,659
National
Healthcare
Corp
1,422,933‌
19,429
National
Research
Corp
665,443‌
285,505
(a)
Neogen
Corp
3,520,277‌
168,270
(a)
NeoGenomics,
Inc
2,342,318‌
47,225
(a)
Nevro
Corp
499,641‌
59,049
(a)
Omnicell,
Inc
1,583,104‌
479,282
(a),(b)
Opko
Health,
Inc
584,724‌
21,914
(a)
OptimizeRx
Corp
223,523‌
219,327
(a)
Option
Care
Health,
Inc
6,555,684‌
99,167
(a)
OraSure
Technologies,
Inc
524,593‌
12,006
(a)
Orchestra
BioMed
Holdings,
Inc
52,946‌
47,704
(a)
Orthofix
Medical,
Inc
620,152‌
20,885
(a)
OrthoPediatrics
Corp
618,823‌
65,683
(a),(b)
Outset
Medical,
Inc
166,178‌
96,134
(a)
Owens
&
Minor,
Inc
2,378,355‌
61,370
(a)
Paragon
28,
Inc
565,831‌
109,032
Patterson
Cos,
Inc
2,777,045‌
Small
Cap
Blend
Index
Fund
April
30,
2024
114
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
112,512
(a)
Pediatrix
Medical
Group,
Inc
$
997,981‌
34,250
(a)
Pennant
Group,
Inc
716,168‌
33,037
(a)
PetIQ,
Inc
539,164‌
68,121
(a)
Phreesia,
Inc
1,412,830‌
150,696
(a)
Privia
Health
Group,
Inc
2,772,806‌
52,570
(a)
PROCEPT
BioRobotics
Corp
2,785,159‌
104,334
(a)
Progyny,
Inc
3,344,948‌
47,757
(a)
Pulmonx
Corp
363,431‌
22,441
(a),(b)
Pulse
Biosciences,
Inc
165,390‌
55,552
(a)
Quipt
Home
Medical
Corp
199,987‌
78,036
(a)
RadNet,
Inc
3,784,746‌
47,821
(a),(b)
Repro-Med
Systems,
Inc
103,772‌
36,611
(a)
RxSight,
Inc
1,908,531‌
5,089
(a)
Sanara
Medtech,
Inc
162,034‌
70,261
(a)
Schrodinger,
Inc
1,712,963‌
137,065
Select
Medical
Holdings
Corp
3,888,534‌
4,453
(a)
Semler
Scientific,
Inc
113,685‌
420,520
(a),(b)
Sharecare,
Inc
301,050‌
54,102
(a)
SI-BONE,
Inc
771,495‌
51,255
(a)
Silk
Road
Medical,
Inc
996,397‌
20,907
(b)
Simulations
Plus,
Inc
948,132‌
62,942
(a)
STAAR
Surgical
Co
2,892,814‌
99,193
(a)
Surgery
Partners,
Inc
2,474,865‌
19,020
(a)
SurModics,
Inc
488,624‌
31,396
(a)
Tactile
Systems
Technology,
Inc
432,323‌
22,148
(a)
Tela
Bio,
Inc
99,777‌
41,111
(a),(b)
TransMedics
Group,
Inc
3,869,778‌
61,173
(a)
Treace
Medical
Concepts,
Inc
634,364‌
9,505
(a)
UFP
Technologies,
Inc
1,957,460‌
19,725
US
Physical
Therapy,
Inc
2,002,285‌
4,768
Utah
Medical
Products,
Inc
315,642‌
53,665
(a)
Varex
Imaging
Corp
872,056‌
47,009
(a)
Viemed
Healthcare,
Inc
385,004‌
34,878
(a)
Zimvie,
Inc
530,146‌
18,760
(a),(b)
Zynex,
Inc
205,797‌
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
179,671,684‌
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.2
%
43,730
(a),(b)
Beauty
Health
Co
141,248‌
171,911
(a)
BellRing
Brands,
Inc
9,484,330‌
13,300
(a),(b)
Central
Garden
&
Pet
Co
544,635‌
66,759
(a)
Central
Garden
and
Pet
Co
(Class
A)
2,365,271‌
63,455
Edgewell
Personal
Care
Co
2,387,177‌
70,461
(a)
elf
Beauty,
Inc
11,452,026‌
91,257
Energizer
Holdings,
Inc
2,620,901‌
131,960
(a)
Herbalife
Ltd
1,141,454‌
23,452
Inter
Parfums,
Inc
2,729,344‌
14,608
Medifast,
Inc
402,158‌
18,571
(a)
Nature's
Sunshine
Products,
Inc
361,206‌
67,415
Nu
Skin
Enterprises,
Inc
(Class
A)
792,801‌
6,480
Oil-Dri
Corp
of
America
448,740‌
14,485
(a)
USANA
Health
Sciences,
Inc
601,417‌
31,500
(a)
Waldencast
plc
153,405‌
17,782
WD-40
Co
4,021,044‌
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
39,647,157‌
INSURANCE
-
1
.9
%
59,995
(a)
AMBAC
Financial
Group,
Inc
866,928‌
102,729
American
Equity
Investment
Life
Holding
Co
5,764,124‌
24,817
Amerisafe,
Inc
1,131,655‌
78,646
(a)
BRP
Group,
Inc
2,095,129‌
144,434
CNO
Financial
Group,
Inc
3,802,947‌
15,196
Crawford
&
Co
141,019‌
13,729
Donegal
Group,
Inc
(Class
A)
184,518‌
115
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
32,925
(a)
eHealth,
Inc
$
140,919‌
32,059
Employers
Holdings,
Inc
1,365,393‌
15,384
(a)
Enstar
Group
Ltd
4,467,052‌
24,912
F&G
Annuities
&
Life,
Inc
942,172‌
79,066
Fidelis
Insurance
Holdings
Ltd
1,469,046‌
587,696
(a)
Genworth
Financial,
Inc
(Class
A)
3,485,037‌
5,436
(a),(b)
GoHealth,
Inc
54,740‌
28,030
(a)
Goosehead
Insurance,
Inc
1,595,187‌
28,173
(a)
Greenlight
Capital
Re
Ltd
(Class
A)
341,457‌
21,853
(a)
Hamilton
Insurance
Group
Ltd
296,764‌
9,527
(b)
HCI
Group,
Inc
1,087,793‌
15,753
(a),(b)
Hippo
Holdings,
Inc
336,957‌
54,712
Horace
Mann
Educators
Corp
2,016,684‌
1,606
Investors
Title
Co
257,651‌
39,977
James
River
Group
Holdings
Ltd
355,396‌
15,529
(a)
Kingsway
Financial
Services,
Inc
138,208‌
69,511
(a),(b)
Lemonade,
Inc
1,197,675‌
115,265
(a),(b)
Maiden
Holdings
Ltd
239,751‌
62,428
MBIA,
Inc
392,672‌
36,239
Mercury
General
Corp
1,893,850‌
2,844
National
Western
Life
Group,
Inc
1,390,204‌
11,769
(a)
NI
Holdings,
Inc
175,005‌
205,063
(a)
Oscar
Health,
Inc
3,561,944‌
32,062
(a)
Palomar
Holdings,
Inc
2,522,318‌
73,221
ProAssurance
Corp
978,233‌
18,816
Safety
Insurance
Group,
Inc
1,497,189‌
79,416
Selective
Insurance
Group,
Inc
8,072,636‌
185,776
(a)
Selectquote,
Inc
280,522‌
85,732
(a)
SiriusPoint
Ltd
1,009,923‌
38,949
(a)
Skyward
Specialty
Insurance
Group,
Inc
1,360,099‌
34,794
Stewart
Information
Services
Corp
2,157,576‌
33,806
Tiptree,
Inc
538,530‌
50,412
(a)
Trupanion,
Inc
1,134,270‌
28,478
United
Fire
Group,
Inc
629,079‌
26,792
(a)
United
Insurance
Holdings
Corp
280,512‌
32,896
Universal
Insurance
Holdings,
Inc
642,130‌
TOTAL
INSURANCE
62,290,894‌
MATERIALS
-
4
.8
%
52,114
(a),(b)
5E
Advanced
Materials,
Inc
59,931‌
35,671
AdvanSix,
Inc
901,050‌
168,420
(a)
Allegheny
Technologies,
Inc
10,054,674‌
15,117
Alpha
Metallurgical
Resources,
Inc
4,945,073‌
38,046
American
Vanguard
Corp
433,344‌
1,344,063
(a),(b)
Arcadium
Lithium
plc
5,913,877‌
23,823
Arch
Resources,
Inc
3,782,616‌
62,914
(a)
Aspen
Aerogels,
Inc
985,233‌
118,496
Avient
Corp
5,026,600‌
41,554
Balchem
Corp
5,874,905‌
70,975
Cabot
Corp
6,475,049‌
22,143
Caledonia
Mining
Corp
plc
217,223‌
63,923
Carpenter
Technology
Corp
5,478,201‌
65,544
(a)
Century
Aluminum
Co
1,137,189‌
19,660
(a)
Clearwater
Paper
Corp
885,486‌
449,868
(a)
Coeur
Mining,
Inc
2,033,403‌
153,778
Commercial
Metals
Co
8,264,030‌
46,667
Compass
Minerals
International,
Inc
581,004‌
169,118
(a)
Constellium
SE
3,329,934‌
10,622
(a)
Contango
ORE,
Inc
221,681‌
10,158
(a)
Core
Molding
Technologies,
Inc
183,047‌
71,181
(a)
Dakota
Gold
Corp
189,342‌
125,548
(a),(b)
Danimer
Scientific,
Inc
94,161‌
114,180
(a)
Ecovyst,
Inc
1,076,717‌
Small
Cap
Blend
Index
Fund
April
30,
2024
116
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
35,238
FutureFuel
Corp
$
190,990‌
60,484
(a)
Glatfelter
Corp
86,492‌
30,913
Greif,
Inc
(Class
A)
1,894,349‌
5,388
Greif,
Inc
(Class
B)
336,642‌
70,092
H.B.
Fuller
Co
5,236,573‌
24,882
Hawkins,
Inc
1,885,309‌
15,291
Haynes
International,
Inc
919,754‌
807,089
Hecla
Mining
Co
3,817,531‌
262,037
(a),(b)
i-80
Gold
Corp
309,204‌
49,392
(a)
Ingevity
Corp
2,525,907‌
32,403
Innospec,
Inc
3,888,360‌
15,133
(a)
Intrepid
Potash,
Inc
304,476‌
85,679
(a)
Ivanhoe
Electric,
Inc
865,358‌
20,823
Kaiser
Aluminum
Corp
1,884,273‌
73,079
(a)
Knife
River
Corp
5,714,047‌
27,522
Koppers
Holdings,
Inc
1,411,328‌
30,976
Kronos
Worldwide,
Inc
354,675‌
73,197
(a)
LSB
Industries,
Inc
680,732‌
26,855
Materion
Corp
3,086,714‌
41,650
Minerals
Technologies,
Inc
3,035,869‌
49,769
Myers
Industries,
Inc
1,089,941‌
299,790
(a)
Novagold
Resources,
Inc
869,391‌
204,077
(a)
O-I
Glass,
Inc
3,052,992‌
13,023
Olympic
Steel,
Inc
827,872‌
136,132
(a),(b)
Origin
Materials,
Inc
110,199‌
70,669
Orion
S.A.
1,672,029‌
48,549
Pactiv
Evergreen,
Inc
739,887‌
188,567
(a)
Perimeter
Solutions
S.A.
1,319,969‌
51,867
(a)
Perpetua
Resources
Corp
283,194‌
24,661
(a),(b)
Piedmont
Lithium,
Inc
302,097‌
104,758
(a),(b)
PureCycle
Technologies,
Inc
489,220‌
17,774
Quaker
Chemical
Corp
3,315,384‌
6,249
Ramaco
Resources,
Inc
69,426‌
31,252
Ramaco
Resources,
Inc
490,031‌
59,396
(a)
Ranpak
Holdings
Corp
430,027‌
83,699
(a)
Rayonier
Advanced
Materials,
Inc
312,197‌
35,255
Ryerson
Holding
Corp
1,006,530‌
34,222
Schnitzer
Steel
Industries,
Inc
(Class
A)
596,147‌
73,697
Schweitzer-Mauduit
International,
Inc
1,345,707‌
55,727
Sensient
Technologies
Corp
4,080,331‌
28,624
Stepan
Co
2,375,506‌
157,206
(a)
Summit
Materials,
Inc
6,115,313‌
115,874
SunCoke
Energy,
Inc
1,194,661‌
46,444
Sylvamo
Corp
2,902,750‌
53,766
(a)
TimkenSteel
Corp
1,105,429‌
45,315
Tredegar
Corp
289,110‌
56,113
Trimas
Corp
1,458,377‌
49,274
Trinseo
plc
128,605‌
152,266
Tronox
Holdings
plc
2,586,999‌
2,386
United
States
Lime
&
Minerals,
Inc
739,660‌
3,773
Valhi,
Inc
55,727‌
66,824
Warrior
Met
Coal,
Inc
4,567,420‌
40,253
Worthington
Industries,
Inc
2,300,862‌
42,117
Worthington
Steel,
Inc
1,296,783‌
TOTAL
MATERIALS
156,092,126‌
MEDIA
&
ENTERTAINMENT
-
1
.6
%
119,692
(a)
Advantage
Solutions,
Inc
509,888‌
43,573
(a)
AMC
Networks,
Inc
462,745‌
12,450
(a)
Atlanta
Braves
Holdings,
Inc
502,233‌
61,355
(a)
Atlanta
Braves
Holdings,
Inc
2,296,518‌
30,157
(a)
Boston
Omaha
Corp
465,624‌
130,807
(a)
Bumble,
Inc
1,321,151‌
117
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
36,340
(a)
Cardlytics,
Inc
$
445,165‌
124,938
(a)
Cargurus,
Inc
2,806,107‌
89,483
(a)
Cars.com,
Inc
1,495,261‌
144,605
(a)
Cinemark
Holdings,
Inc
2,478,530‌
514,235
(a)
Clear
Channel
Outdoor
Holdings,
Inc
714,787‌
1,684
(a)
Daily
Journal
Corp
564,477‌
59,741
(a)
DHI
Group,
Inc
139,794‌
19,910
(a)
Emerald
Holding,
Inc
114,482‌
78,418
Entravision
Communications
Corp
(Class
A)
163,894‌
97,185
(a)
Eventbrite,
Inc
513,137‌
26,995
(a)
EverQuote,
Inc
544,489‌
69,850
(a)
EW
Scripps
Co
(Class
A)
262,636‌
382,380
(a),(b)
fuboTV,
Inc
542,980‌
18,540
(a)
Gambling.com
Group
Ltd
160,371‌
169,876
(a)
Gannett
Co,
Inc
411,100‌
116,164
Gray
Television,
Inc
667,943‌
54,843
(a),(b)
Grindr,
Inc
536,913‌
147,651
(a)
iHeartMedia,
Inc
310,067‌
60,717
(a)
IMAX
Corp
972,079‌
88,012
(a)
Integral
Ad
Science
Holding
Corp
844,035‌
46,360
John
Wiley
&
Sons,
Inc
(Class
A)
1,741,745‌
78,321
(a)
Lions
Gate
Entertainment
Corp
(Class
A)
790,259‌
159,743
(a)
Lions
Gate
Entertainment
Corp
(Class
B)
1,506,376‌
51,391
(a)
Madison
Square
Garden
Entertainment
Corp
2,011,958‌
179,043
(a)
Magnite,
Inc
1,580,950‌
33,377
(b)
Marcus
Corp
435,236‌
30,198
(a)
MediaAlpha,
Inc
611,509‌
197,881
(a)
Nextdoor
Holdings,
Inc
403,677‌
55,980
(a)
Outbrain,
Inc
226,719‌
110,418
(a)
Playstudios,
Inc
238,503‌
54,478
(a)
PubMatic,
Inc
1,222,486‌
72,007
(a)
QuinStreet,
Inc
1,302,607‌
28,672
(a),(b)
Reservoir
Media,
Inc
256,614‌
34,322
Scholastic
Corp
1,222,550‌
32,860
Shutterstock,
Inc
1,403,451‌
44,646
(b)
Sinclair,
Inc
549,146‌
33,655
(a)
Sphere
Entertainment
Co
1,307,833‌
107,400
(a)
Stagwell,
Inc
639,030‌
34,112
(a),(b)
System1,
Inc
58,332‌
34,289
(a)
TechTarget,
Inc
942,947‌
255,303
TEGNA,
Inc
3,482,333‌
40,670
(a)
Thryv
Holdings,
Inc
935,817‌
15,132
Townsquare
Media,
Inc
182,643‌
129,623
(a)
TrueCar,
Inc
342,205‌
11,707
(a)
Urban
One,
Inc
23,297‌
14,859
(a)
Urban
One,
Inc
23,031‌
201,481
(a)
Vimeo,
Inc
723,317‌
97,832
(a)
Vivid
Seats,
Inc
514,596‌
73,523
(a)
WideOpenWest,
Inc
262,477‌
88,024
(a)
Yelp,
Inc
3,542,086‌
59,741
(a)
Ziff
Davis,
Inc
2,993,621‌
85,554
(a)
ZipRecruiter,
Inc
879,495‌
TOTAL
MEDIA
&
ENTERTAINMENT
52,603,252‌
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
9
.3
%
68,049
(a),(b)
2seventy
bio,
Inc
310,303‌
52,932
(a)
4D
Molecular
Therapeutics,
Inc
1,266,663‌
103,282
(a)
89bio,
Inc
878,930‌
20,225
(a)
Aadi
Bioscience,
Inc
38,832‌
158,494
(a)
Acadia
Pharmaceuticals,
Inc
2,648,435‌
94,925
(a),(b)
ACELYRIN,
Inc
396,786‌
94,576
(a)
Aclaris
Therapeutics,
Inc
114,437‌
11,821
(a),(b)
Acrivon
Therapeutics,
Inc
107,453‌
Small
Cap
Blend
Index
Fund
April
30,
2024
118
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
35,556
(a),(b)
Actinium
Pharmaceuticals,
Inc
$
273,781‌
155,076
(a)
Adaptive
Biotechnologies
Corp
406,299‌
39,462
(a),(b)
Adicet
Bio,
Inc
58,798‌
280,307
(a)
ADMA
Biologics,
Inc
1,827,602‌
15,387
(a)
Aerovate
Therapeutics,
Inc
307,894‌
23,340
(a),(b)
Agenus,
Inc
282,881‌
75,089
(a)
Agios
Pharmaceuticals,
Inc
2,440,392‌
80,964
(a)
Akero
Therapeutics,
Inc
1,610,374‌
33,158
(a),(b)
Akoya
Biosciences,
Inc
126,664‌
62,944
(a)
Aldeyra
Therapeutics,
Inc
247,999‌
86,500
(a)
Alector,
Inc
439,420‌
216,614
(a)
Alkermes
plc
5,315,708‌
90,402
(a)
Allakos,
Inc
94,922‌
130,716
(a)
Allogene
Therapeutics,
Inc
360,776‌
50,215
(a)
Alpine
Immune
Sciences,
Inc
3,243,387‌
67,327
(a)
Altimmune,
Inc
440,992‌
36,722
(a),(b)
ALX
Oncology
Holdings,
Inc
625,008‌
378,410
(a)
Amicus
Therapeutics,
Inc
3,780,316‌
158,933
(a)
Amneal
Pharmaceuticals,
Inc
961,545‌
48,398
(a)
Amphastar
Pharmaceuticals,
Inc
1,996,417‌
68,570
(a)
Amylyx
Pharmaceuticals,
Inc
124,112‌
23,713
(a)
AnaptysBio,
Inc
577,174‌
98,638
(a),(b)
Anavex
Life
Sciences
Corp
360,029‌
19,572
(a)
ANI
Pharmaceuticals,
Inc
1,291,752‌
20,311
(a)
Anika
Therapeutics,
Inc
525,852‌
88,211
(a)
Annexon,
Inc
401,360‌
53,988
(a)
Apogee
Therapeutics,
Inc
2,715,596‌
169,888
(a),(b)
Arbutus
Biopharma
Corp
463,794‌
50,131
(a)
Arcellx,
Inc
2,507,553‌
31,233
(a)
Arcturus
Therapeutics
Holdings,
Inc
798,628‌
69,238
(a)
Arcus
Biosciences,
Inc
1,054,495‌
94,471
(a)
Arcutis
Biotherapeutics,
Inc
785,999‌
301,059
(a)
Ardelyx,
Inc
1,926,778‌
12,932
(a)
ArriVent
Biopharma,
Inc
213,637‌
153,448
(a)
Arrowhead
Pharmaceuticals,
Inc
3,470,994‌
33,145
(a)
ARS
Pharmaceuticals,
Inc
288,362‌
64,615
(a)
Arvinas,
Inc
2,052,819‌
120,384
(a),(b)
Assertio
Holdings,
Inc
106,552‌
65,181
(a)
Astria
Therapeutics,
Inc
598,362‌
105,147
(a)
Atea
Pharmaceuticals,
Inc
389,044‌
37,316
(a)
Aura
Biosciences,
Inc
276,138‌
171,754
(a)
Aurinia
Pharmaceuticals,
Inc
874,228‌
83,065
(a)
Avid
Bioservices,
Inc
633,786‌
95,065
(a)
Avidity
Biosciences,
Inc
2,293,918‌
34,057
(a)
Avita
Medical,
Inc
286,079‌
46,983
(a),(b)
Axsome
Therapeutics,
Inc
3,465,466‌
94,965
(a)
Beam
Therapeutics,
Inc
2,015,157‌
60,363
(a)
BioAtla,
Inc
136,119‌
250,932
(a)
BioCryst
Pharmaceuticals,
Inc
1,036,349‌
88,784
(a)
Biohaven
Ltd
3,444,819‌
47,217
(a)
BioLife
Solutions,
Inc
828,186‌
26,928
(a),(b)
Biomea
Fusion,
Inc
289,207‌
18,644
(a)
Biote
Corp
102,728‌
251,271
(a),(b)
Bluebird
Bio,
Inc
222,902‌
79,585
(a)
Blueprint
Medicines
Corp
7,269,294‌
149,515
(a)
Bridgebio
Pharma,
Inc
3,830,574‌
82,701
(a),(b)
Bright
Green
Corp
20,750‌
42,459
(a)
Cabaletta
Bio,
Inc
451,976‌
59,968
(a),(b)
Cara
Therapeutics,
Inc
45,090‌
70,175
(a)
CareDx,
Inc
544,558‌
28,125
(a)
Cargo
Therapeutics,
Inc
537,187‌
111,659
(a)
Caribou
Biosciences,
Inc
405,322‌
36,524
(a),(b)
Carisma
Therapeutics,
Inc
59,534‌
119
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
50,336
(a),(b)
Cassava
Sciences,
Inc
$
1,114,942‌
145,423
(a)
Catalyst
Pharmaceuticals,
Inc
2,188,616‌
23,416
(a)
Celcuity,
Inc
369,270‌
81,155
(a)
Celldex
Therapeutics,
Inc
3,036,820‌
26,194
(a)
Century
Therapeutics,
Inc
76,225‌
92,263
(a)
Cerevel
Therapeutics
Holdings,
Inc
3,940,553‌
30,405
(a)
CG
oncology,
Inc
1,221,977‌
78,524
(a),(c)
Chinook
Therapeutics,
Inc
30,624‌
164,649
(a),(b)
Citius
Pharmaceuticals,
Inc
122,878‌
89,565
(a)
Codexis,
Inc
260,634‌
109,291
(a)
Cogent
Biosciences,
Inc
710,391‌
95,056
(a),(b)
Coherus
Biosciences,
Inc
186,310‌
42,690
(a)
Collegium
Pharmaceutical,
Inc
1,576,542‌
124,245
(a)
Compass
Therapeutics,
Inc
178,913‌
105,349
(a)
Corcept
Therapeutics,
Inc
2,456,739‌
53,632
(a),(b)
CorMedix,
Inc
281,836‌
85,774
(a)
Crinetics
Pharmaceuticals,
Inc
3,758,617‌
59,106
(a)
CryoPort,
Inc
956,926‌
47,316
(a),(b)
Cue
Biopharma,
Inc
89,900‌
34,937
(a)
Cullinan
Oncology,
Inc
943,648‌
153,068
(a)
Cytek
Biosciences,
Inc
919,939‌
124,678
(a)
Cytokinetics,
Inc
7,645,255‌
84,682
(a)
Day
One
Biopharmaceuticals,
Inc
1,448,062‌
72,633
(a)
Deciphera
Pharmaceuticals,
Inc
1,835,436‌
159,902
(a)
Denali
Therapeutics,
Inc
2,468,887‌
47,309
(a)
Design
Therapeutics,
Inc
166,528‌
11,903
(a)
Disc
Medicine,
Inc
331,380‌
169,045
(a)
Dynavax
Technologies
Corp
1,922,042‌
77,217
(a)
Dyne
Therapeutics,
Inc
1,954,362‌
14,382
(a),(b)
Eagle
Pharmaceuticals,
Inc
58,822‌
75,326
(a)
Edgewise
Therapeutics,
Inc
1,351,348‌
111,593
(a)
Editas
Medicine,
Inc
581,400‌
56,201
(a),(b)
Emergent
Biosolutions,
Inc
105,658‌
25,834
(a)
Enanta
Pharmaceuticals,
Inc
354,959‌
31,703
(a),(b)
Enliven
Therapeutics,
Inc
551,315‌
22,579
(a),(b)
Entrada
Therapeutics,
Inc
267,561‌
122,126
(a)
Erasca,
Inc
245,473‌
55,974
(a)
Evolus,
Inc
658,814‌
48,722
(a)
EyePoint
Pharmaceuticals,
Inc
857,507‌
118,657
(a)
Fate
Therapeutics,
Inc
468,695‌
24,461
(a)
Fennec
Pharmaceuticals,
Inc
224,552‌
28,008
(a),(b)
Foghorn
Therapeutics,
Inc
152,924‌
25,224
(a)
Genelux
Corp
78,447‌
64,890
(a)
Generation
Bio
Co
183,639‌
673,923
(a)
Geron
Corp
2,648,517‌
169,963
(a)
Halozyme
Therapeutics,
Inc
6,475,590‌
41,309
(a)
Harmony
Biosciences
Holdings,
Inc
1,276,861‌
39,598
(a),(b)
Harrow
Health,
Inc
403,504‌
52,517
(a)
Harvard
Bioscience,
Inc
200,615‌
135,739
(a),(b)
Heron
Therapeutics,
Inc
314,914‌
34,314
(a)
HilleVax,
Inc
452,945‌
80,338
(a),(b)
Humacyte,
Inc
314,925‌
85,887
(a)
Ideaya
Biosciences,
Inc
3,491,307‌
15,873
(a),(b)
IGM
Biosciences,
Inc
152,857‌
29,269
(a)
Ikena
Oncology,
Inc
38,635‌
27,824
(a)
Immuneering
Corp
39,510‌
180,417
(a),(b)
ImmunityBio,
Inc
1,441,532‌
71,140
(a)
Immunovant,
Inc
1,952,082‌
43,946
(a)
Inhibrx,
Inc
1,495,922‌
80,752
(a)
Innoviva,
Inc
1,220,163‌
65,457
(a),(b)
Inozyme
Pharma,
Inc
288,665‌
180,633
(a)
Insmed,
Inc
4,465,248‌
116,534
(a)
Intellia
Therapeutics,
Inc
2,493,828‌
Small
Cap
Blend
Index
Fund
April
30,
2024
120
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
130,943
(a)
Intra-Cellular
Therapies,
Inc
$
9,403,017‌
309,774
(a)
Iovance
Biotherapeutics,
Inc
3,649,138‌
183,812
(a)
Ironwood
Pharmaceuticals,
Inc
1,424,543‌
33,162
(a)
iTeos
Therapeutics,
Inc
356,160‌
21,259
(a),(b)
Janux
Therapeutics,
Inc
1,211,763‌
42,377
(a)
KalVista
Pharmaceuticals,
Inc
480,979‌
153,723
(a)
Karyopharm
Therapeutics,
Inc
158,335‌
33,539
(a)
Keros
Therapeutics,
Inc
1,891,264‌
97,211
(a)
Kezar
Life
Sciences,
Inc
80,150‌
43,001
(a)
Kiniksa
Pharmaceuticals
Ltd
804,979‌
46,566
(a)
Kodiak
Sciences,
Inc
149,477‌
28,183
(a)
Krystal
Biotech,
Inc
4,315,381‌
95,283
(a)
Kura
Oncology,
Inc
1,869,452‌
53,256
(a)
Kymera
Therapeutics,
Inc
1,790,467‌
35,655
(a)
Larimar
Therapeutics,
Inc
245,663‌
5,512
LENZ
Therapeutics,
Inc
87,475‌
13,478
(a)
Lexeo
Therapeutics,
Inc
167,801‌
126,230
(a),(b)
Lexicon
Pharmaceuticals,
Inc
194,394‌
22,292
(a)
Ligand
Pharmaceuticals,
Inc
(Class
B)
1,557,988‌
176,749
(a),(b)
Lineage
Cell
Therapeutics,
Inc
192,656‌
63,413
(a),(b)
Liquidia
Corp
814,857‌
32,615
(a)
Longboard
Pharmaceuticals,
Inc
694,699‌
242,546
(a),(b)
Lyell
Immunopharma,
Inc
526,325‌
82,092
(a)
MacroGenics,
Inc
1,213,320‌
19,203
(a)
Madrigal
Pharmaceuticals,
Inc
3,917,796‌
346,252
(a)
MannKind
Corp
1,423,096‌
32,798
(a)
Marinus
Pharmaceuticals,
Inc
46,245‌
121,346
(a),(b)
MaxCyte,
Inc
440,486‌
44,655
(a)
MeiraGTx
Holdings
plc
217,916‌
13,719
(a)
Merrimack
Pharmaceuticals,
Inc
202,218‌
123,339
(a),(b)
Mersana
Therapeutics,
Inc
390,985‌
7,010
Mesa
Laboratories,
Inc
743,621‌
155,997
(a)
MiMedx
Group,
Inc
960,942‌
27,548
(a)
Mineralys
Therapeutics,
Inc
337,463‌
33,475
(a)
Mirum
Pharmaceuticals,
Inc
840,557‌
41,302
(a)
Monte
Rosa
Therapeutics,
Inc
219,727‌
47,298
(a)
Morphic
Holding,
Inc
1,289,816‌
22,624
(a)
Mural
Oncology
PLC
83,709‌
114,515
(a)
Myriad
Genetics,
Inc
2,241,059‌
66,458
(a)
Nautilus
Biotechnology,
Inc
168,803‌
20,749
(a)
Neumora
Therapeutics,
Inc
188,608‌
32,496
(a)
Nkarta,
Inc
217,073‌
129,914
(a),(b)
Novavax,
Inc
562,528‌
62,887
(a)
Nurix
Therapeutics,
Inc
755,902‌
34,708
(a)
Nuvalent,
Inc
2,390,687‌
198,189
(a)
Nuvation
Bio,
Inc
592,585‌
9,280
(a),(b)
Nuvectis
Pharma,
Inc
56,422‌
151,041
(a)
Ocular
Therapeutix,
Inc
715,934‌
36,652
(a)
Olema
Pharmaceuticals,
Inc
372,751‌
33,248
(a),(b)
Omega
Therapeutics,
Inc
74,143‌
55,246
(a),(b)
Omeros
Corp
174,025‌
7,972
(a),(c)
OmniAb
Operations,
Inc
80‌
7,972
(a),(c)
OmniAb
Operations,
Inc
80‌
126,229
(a)
OmniAb,
Inc
560,457‌
102,190
(a)
Optinose,
Inc
83,898‌
99,130
(a)
Organogenesis
Holdings,
Inc
232,955‌
53,148
(a),(b)
ORIC
Pharmaceuticals,
Inc
469,297‌
82,414
(a)
Ovid
therapeutics,
Inc
251,363‌
270,184
(a)
Pacific
Biosciences
of
California,
Inc
445,804‌
61,624
(a)
Pacira
BioSciences,
Inc
1,617,630‌
38,199
(a),(b)
PDS
Biotechnology
Corp
127,967‌
13,643
(a)
PepGen,
Inc
167,536‌
41,651
(a),(b)
Phathom
Pharmaceuticals,
Inc
376,109‌
121
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
28,478
Phibro
Animal
Health
Corp
$
475,583‌
76,493
(a)
Pliant
Therapeutics,
Inc
904,147‌
52,216
(a)
PMV
Pharmaceuticals,
Inc
93,989‌
93,312
(a)
Poseida
Therapeutics,
Inc
225,815‌
185,473
(a),(b)
Precigen,
Inc
244,824‌
13,804
(a),(b)
Prelude
Therapeutics,
Inc
52,041‌
64,778
(a)
Prestige
Consumer
Healthcare,
Inc.
4,648,469‌
53,396
(a),(b)
Prime
Medicine,
Inc
262,708‌
46,942
(a),(b)
ProKidney
Corp
96,935‌
73,317
(a)
Protagonist
Therapeutics,
Inc
1,840,990‌
74,027
(a),(b)
Protalix
BioTherapeutics,
Inc
84,391‌
56,664
(a)
Prothena
Corp
plc
1,152,546‌
92,963
(a)
PTC
Therapeutics,
Inc
2,988,760‌
47,125
(a)
Quanterix
Corp
759,655‌
127,709
(a),(b)
Quantum-Si,
Inc
205,611‌
41,950
(a)
Rallybio
Corp
80,544‌
39,628
(a)
RAPT
Therapeutics,
Inc
305,136‌
175,767
(a),(b)
Recursion
Pharmaceuticals,
Inc
1,374,498‌
55,956
(a)
REGENXBIO,
Inc
858,925‌
122,162
(a)
Relay
Therapeutics,
Inc
796,496‌
11,909
(a)
Reneo
Pharmaceuticals,
Inc
19,888‌
68,193
(a)
Replimune
Group,
Inc
433,026‌
119,788
(a)
Revance
Therapeutics,
Inc
432,435‌
182,016
(a)
REVOLUTION
Medicines,
Inc
6,785,556‌
67,929
(a)
Rhythm
Pharmaceuticals,
Inc
2,700,857‌
242,444
(a)
Rigel
Pharmaceuticals,
Inc
254,566‌
81,711
(a)
Rocket
Pharmaceuticals,
Inc
1,758,421‌
71,611
(a)
Sage
Therapeutics,
Inc
998,257‌
7,575
(a)
Sagimet
Biosciences,
Inc
29,543‌
127,192
(a)
Sana
Biotechnology,
Inc
1,144,728‌
233,110
(a)
Sangamo
Therapeutics
Inc
120,028‌
122,409
(a),(b)
Savara,
Inc
560,633‌
68,772
(a)
Scholar
Rock
Holding
Corp
1,008,885‌
39,230
(a),(b)
scPharmaceuticals,
Inc
175,358‌
81,550
(a)
Seer,
Inc
169,624‌
5,323
(a),(b)
Selecta
Biosciences,
Inc
117,479‌
51,020
SIGA
Technologies,
Inc
447,956‌
88,306
(a),(b),(c)
Sorrento
Therapeutics,
Inc
70,790‌
89,399
(a)
SpringWorks
Therapeutics,
Inc
4,174,039‌
37,455
(a)
Stoke
Therapeutics,
Inc
413,129‌
136,405
(a),(b)
Summit
Therapeutics,
Inc
536,072‌
65,592
(a)
Supernus
Pharmaceuticals,
Inc
1,974,319‌
88,668
(a)
Sutro
Biopharma,
Inc
301,028‌
103,015
(a)
Syndax
Pharmaceuticals,
Inc
2,176,707‌
56,370
(a)
Tango
Therapeutics,
Inc
434,049‌
10,807
(a)
Taro
Pharmaceutical
Industries
Ltd
459,081‌
39,094
(a)
Tarsus
Pharmaceuticals,
Inc
1,228,724‌
62,367
(a)
Tenaya
Therapeutics,
Inc
283,146‌
58,306
(a)
Terns
Pharmaceuticals,
Inc
294,445‌
181,468
(a)
TG
Therapeutics,
Inc
2,478,853‌
70,044
(a),(b)
Theravance
Biopharma,
Inc
591,171‌
26,824
(a),(b)
Third
Harmonic
Bio,
Inc
298,819‌
98,440
(a)
Travere
Therapeutics,
Inc
544,373‌
57,709
(a)
Trevi
Therapeutics,
Inc
169,087‌
74,163
(a)
Twist
Bioscience
Corp
2,316,110‌
18,400
(a)
Tyra
Biosciences,
Inc
314,640‌
37,124
(a),(b)
UroGen
Pharma
Ltd
513,054‌
77,049
(a)
Vanda
Pharmaceuticals,
Inc
366,753‌
137,932
(a)
Vaxcyte,
Inc
8,351,783‌
60,524
(a)
Ventyx
Biosciences,
Inc
226,360‌
52,343
(a)
Vera
Therapeutics,
Inc
2,068,072‌
94,761
(a)
Veracyte,
Inc
1,854,473‌
63,422
(a)
Vericel
Corp
2,909,167‌
Small
Cap
Blend
Index
Fund
April
30,
2024
122
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
28,476
(a)
Verrica
Pharmaceuticals,
Inc
$
198,335‌
86,100
(a)
Verve
Therapeutics,
Inc
517,461‌
22,032
(a)
Vigil
Neuroscience,
Inc
57,504‌
133,181
(a)
Viking
Therapeutics,
Inc
10,598,544‌
113,567
(a)
Vir
Biotechnology,
Inc
960,777‌
65,107
(a)
Viridian
Therapeutics,
Inc
863,319‌
51,509
(a)
Vor
BioPharma,
Inc
88,595‌
42,867
(a)
Voyager
Therapeutics,
Inc
335,220‌
96,153
(a),(b)
WaVe
Life
Sciences
Ltd
474,035‌
167,362
(a),(b)
X4
Pharmaceuticals,
Inc
187,445‌
78,294
(a)
Xencor,
Inc
1,639,476‌
185,451
(a)
Xeris
Biopharma
Holdings,
Inc
324,539‌
9,988
(a)
XOMA
Corp
253,096‌
42,819
(a),(b)
Y-mAbs
Therapeutics,
Inc
651,277‌
78,566
(a)
Zentalis
Pharmaceuticals,
Inc
868,940‌
47,316
(a)
Zevra
Therapeutics,
Inc
216,707‌
23,657
(a)
Zura
Bio
Ltd
101,015‌
72,589
(a)
Zymeworks,
Inc
622,814‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
303,983,461‌
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0
.6
%
2,110
(a),(b)
American
Realty
Investors,
Inc
29,076‌
147,307
(a)
Anywhere
Real
Estate,
Inc
715,912‌
361,159
(a)
Compass,
Inc
1,137,651‌
224,697
(a)
Cushman
&
Wakefield
plc
2,168,326‌
211,082
DigitalBridge
Group,
Inc
3,470,188‌
122,458
Douglas
Elliman,
Inc
166,543‌
96,938
(b)
eXp
World
Holdings,
Inc
965,503‌
24,714
(a)
Forestar
Group,
Inc
765,887‌
17,516
(a)
FRP
Holdings,
Inc
530,910‌
163,123
Kennedy-Wilson
Holdings,
Inc
1,401,227‌
32,091
Marcus
&
Millichap,
Inc
1,016,322‌
9,874
(a)
Maui
Land
&
Pineapple
Co,
Inc
192,346‌
184,348
Newmark
Group,
Inc
1,764,210‌
725,368
(a)
Opendoor
Technologies,
Inc
1,443,482‌
23,741
Re/Max
Holdings,
Inc
166,662‌
144,574
(a),(b)
Redfin
Corp
811,060‌
20,152
RMR
Group,
Inc
478,005‌
43,612
St.
Joe
Co
2,494,606‌
8,230
(a)
Stratus
Properties,
Inc
186,656‌
28,670
(a)
Tejon
Ranch
Co
481,083‌
1,691
(a)
Transcontinental
Realty
Investors,
Inc
48,447‌
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
20,434,102‌
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
3
.1
%
64,217
(a)
ACM
Research,
Inc
1,638,818‌
36,387
(a),(b)
Aehr
Test
Systems
435,916‌
30,740
(a)
Alpha
&
Omega
Semiconductor
Ltd
672,284‌
49,265
(a)
Ambarella,
Inc
2,264,712‌
145,732
Amkor
Technology,
Inc
4,714,430‌
28,637
(a),(b)
Atomera,
Inc
132,876‌
42,418
(a)
Axcelis
Technologies,
Inc
4,391,111‌
28,763
(a)
Ceva,
Inc
583,026‌
16
(a),(c)
China
Energy
Savings
Technology,
Inc
0‌
62,303
(a)
Cohu,
Inc
1,889,027‌
162,299
(a)
Credo
Technology
Group
Holding
Ltd
2,900,283‌
59,630
(a)
Diodes,
Inc
4,353,586‌
101,171
(a)
Formfactor,
Inc
4,511,215‌
37,652
(a)
Ichor
Holdings
Ltd
1,460,145‌
30,239
(a)
Impinj,
Inc
4,819,492‌
204,872
(a),(b)
indie
Semiconductor,
Inc
1,151,381‌
14,287
(a)
inTEST
Corp
161,014‌
71,063
Kulicke
&
Soffa
Industries,
Inc
3,288,796‌
72,342
(a)
MACOM
Technology
Solutions
Holdings,
Inc
7,375,267‌
123
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
39,710
(a),(b)
Maxeon
Solar
Technologies
Ltd
$
77,434‌
98,684
(a)
MaxLinear,
Inc
2,051,640‌
147,697
(a)
Navitas
Semiconductor
Corp
639,528‌
6,396
NVE
Corp
520,634‌
63,956
(a)
Onto
Innovation,
Inc
11,863,198‌
41,128
(a)
PDF
Solutions,
Inc
1,237,130‌
81,337
(a)
Photronics,
Inc
2,229,447‌
75,254
Power
Integrations,
Inc
5,020,947‌
140,649
(a)
Rambus,
Inc
7,710,378‌
82,506
(a)
Semtech
Corp
3,103,876‌
41,487
(a)
Silicon
Laboratories,
Inc
5,040,256‌
22,642
(a)
SiTime
Corp
2,017,855‌
26,944
(a),(b)
SkyWater
Technology,
Inc
276,445‌
67,443
(a)
SMART
Global
Holdings,
Inc
1,232,184‌
51,585
(a)
Synaptics,
Inc
4,640,587‌
29,962
(a)
Transphorm,
Inc
143,818‌
58,863
(a)
Ultra
Clean
Holdings
2,462,239‌
66,149
(a)
Veeco
Instruments,
Inc
2,337,706‌
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
99,348,681‌
SOFTWARE
&
SERVICES
-
6
.3
%
154,489
(a)
8x8,
Inc
341,421‌
94,696
A10
Networks,
Inc
1,236,730‌
140,377
(a)
ACI
Worldwide,
Inc
4,786,856‌
137,971
Adeia,
Inc
1,357,635‌
26,114
(a)
Agilysys,
Inc
2,168,768‌
62,326
(a)
Alarm.com
Holdings,
Inc
4,144,679‌
52,968
(a)
Alkami
Technology,
Inc
1,274,940‌
72,198
(a)
Altair
Engineering,
Inc
5,808,329‌
42,572
American
Software,
Inc
(Class
A)
430,403‌
91,578
(a)
Amplitude,
Inc
896,549‌
25,210
(a)
Appfolio,
Inc
5,717,124‌
56,141
(a)
Appian
Corp
2,101,919‌
111,481
(a),(b)
Applied
Digital
Corp
301,556‌
108,467
(a)
Asana,
Inc
1,612,904‌
25,633
(a)
Asure
Software,
Inc
189,428‌
193,997
(a)
AvePoint,
Inc
1,507,357‌
37,314
(a),(b)
BigBear.ai
Holdings,
Inc
61,941‌
92,493
(a)
BigCommerce
Holdings,
Inc
523,510‌
120,893
(a),(b)
Bit
Digital,
Inc
246,017‌
57,244
(a)
Blackbaud,
Inc
4,460,452‌
74,353
(a)
BlackLine,
Inc
4,316,192‌
185,026
(a)
Box,
Inc
4,814,376‌
69,338
(a)
Braze,
Inc
2,905,262‌
52,707
(a)
Brightcove,
Inc
93,818‌
106,569
(a),(b)
C3.ai,
Inc
2,401,000‌
52,366
(a)
Cerence,
Inc
477,054‌
54,565
(a)
Cipher
Mining,
Inc
202,982‌
251,743
(a)
Cleanspark,
Inc
4,123,550‌
106,359
Clear
Secure,
Inc
1,858,092‌
57,743
(a)
Commvault
Systems,
Inc
5,916,925‌
25,392
(a)
Consensus
Cloud
Solutions,
Inc
295,563‌
9,622
(a),(b)
CoreCard
Corp
115,271‌
45,997
(a)
Couchbase,
Inc
1,110,368‌
31,049
(a)
CS
Disco,
Inc
234,420‌
18,229
(a),(b)
Digimarc
Corp
385,361‌
127,855
(a)
Digital
Turbine,
Inc
244,203‌
79,979
(a)
DigitalOcean
Holdings,
Inc
2,628,110‌
41,771
(a)
Domo,
Inc
314,536‌
229,054
(a)
E2open
Parent
Holdings,
Inc
1,110,912‌
32,005
(a)
eGain
Corp
198,751‌
50,931
(a)
Enfusion,
Inc
474,168‌
65,456
(a)
Envestnet,
Inc
4,062,854‌
Small
Cap
Blend
Index
Fund
April
30,
2024
124
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
51,639
(a)
Everbridge,
Inc
$
1,794,455‌
23,497
(a)
EverCommerce,
Inc
211,473‌
74,393
(a)
Expensify,
Inc
119,029‌
157,011
(a)
Fastly,
Inc
1,986,189‌
211,156
(a)
Freshworks,
Inc
3,769,135‌
69,296
(a)
Grid
Dynamics
Holdings,
Inc
677,022‌
32,648
Hackett
Group,
Inc
708,135‌
14,547
(a)
IBEX
Holdings
Ltd
190,566‌
49,632
Information
Services
Group,
Inc
167,260‌
23,549
(a)
Instructure
Holdings,
Inc
450,492‌
52,024
(a)
Intapp,
Inc
1,608,582‌
33,131
InterDigital,
Inc
3,271,024‌
93,971
(a)
Jamf
Holding
Corp
1,829,615‌
113,547
(a),(b)
Kaltura,
Inc
139,663‌
97,810
(a)
Liveperson,
Inc
48,993‌
85,736
(a)
LiveRamp
Holdings,
Inc
2,752,983‌
292,564
(a)
Marathon
Digital
Holdings,
Inc
4,698,578‌
341,827
(a)
Matterport,
Inc
1,572,404‌
34,938
(a)
MeridianLink,
Inc
582,766‌
19,392
(a),(b)
MicroStrategy,
Inc
(Class
A)
20,653,062‌
59,675
(a)
Mitek
Systems,
Inc
753,695‌
51,523
(a)
Model
N,
Inc
1,527,657‌
92,068
(a)
N-able,
Inc
1,128,754‌
74,973
(a),(b)
NextNav,
Inc
683,004‌
139,279
(a)
Olo,
Inc
668,539‌
42,356
ON24,
Inc
279,126‌
53,118
(a)
OneSpan,
Inc
574,737‌
119,323
(a)
PagerDuty,
Inc
2,381,687‌
45,326
(a)
Perficient,
Inc
2,142,107‌
71,468
(a)
PowerSchool
Holdings,
Inc
1,237,826‌
57,688
Progress
Software
Corp
2,874,016‌
60,276
(a)
PROS
Holdings,
Inc
1,974,039‌
75,905
(a)
Q2
Holdings,
Inc
3,900,758‌
48,575
(a)
Qualys,
Inc
7,961,928‌
78,405
(a)
Rapid7,
Inc
3,512,544‌
68,658
(a)
Rimini
Street,
Inc
182,630‌
258,239
(a)
Riot
Platforms,
Inc
2,610,796‌
39,109
Sapiens
International
Corp
NV
1,204,557‌
41,848
(a)
SEMrush
Holdings,
Inc
512,219‌
67,188
SolarWinds
Corp
740,412‌
178,328
(a),(b)
SoundHound
AI,
Inc
756,111‌
11,953
(a)
SoundThinking,
Inc
159,692‌
136,514
(a)
Sprinklr,
Inc
1,595,849‌
63,245
(a)
Sprout
Social,
Inc
3,190,710‌
47,813
(a)
SPS
Commerce,
Inc
8,313,246‌
74,116
(a)
Squarespace,
Inc
2,583,684‌
150,001
(a)
Tenable
Holdings,
Inc
6,745,545‌
183,601
(a),(b)
Terawulf,
Inc
398,414‌
124,531
(a)
Thoughtworks
Holding,
Inc
288,912‌
13,579
(a),(b)
Tucows,
Inc
239,941‌
80,099
(a)
Unisys
Corp
434,938‌
142,692
(a)
Varonis
Systems,
Inc
6,242,775‌
79,940
(a)
Verint
Systems,
Inc
2,420,583‌
17,360
(a)
Viant
Technology,
Inc
152,594‌
43,626
(a)
Weave
Communications,
Inc
466,362‌
64,638
(a)
Workiva,
Inc
5,093,474‌
58,016
(a)
Xperi,
Inc
609,748‌
147,082
(a)
Yext,
Inc
807,480‌
181,585
(a)
Zeta
Global
Holdings
Corp
2,244,391‌
180,434
(a)
Zuora,
Inc
1,779,079‌
TOTAL
SOFTWARE
&
SERVICES
206,058,271‌
125
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
5
.1
%
30,205
(a),(b)
908
Devices,
Inc
$
172,169‌
103,824
ADTRAN
Holdings,
Inc
454,749‌
48,793
Advanced
Energy
Industries,
Inc
4,676,321‌
27,230
(a),(b)
Aeva
Technologies,
Inc
84,958‌
95,939
(a),(b)
Akoustis
Technologies,
Inc
56,326‌
119,140
(a)
Arlo
Technologies,
Inc
1,474,953‌
15,093
(a)
Aviat
Networks,
Inc
504,861‌
38,480
Badger
Meter,
Inc
7,038,762‌
13,903
Bel
Fuse,
Inc
(Class
B)
816,384‌
54,376
Belden
CDT,
Inc
4,419,138‌
47,165
Benchmark
Electronics,
Inc
1,424,855‌
75,648
(a)
Calix,
Inc
2,097,719‌
15,390
(a)
Cambium
Networks
Corp
52,172‌
17,023
(a),(b)
Clearfield,
Inc
512,733‌
5,413
Climb
Global
Solutions,
Inc
348,922‌
226,468
(a)
CommScope
Holding
Co,
Inc
202,462‌
19,845
(a),(b)
CompoSecure,
Inc
137,923‌
49,333
(a)
Corsair
Gaming,
Inc
547,596‌
5,715
(a)
CPI
Card
Group,
Inc
98,584‌
40,084
CTS
Corp
1,833,843‌
52,112
(a)
Daktronics,
Inc
492,458‌
46,873
(a)
Digi
International,
Inc
1,437,126‌
37,273
(a)
DZS,
Inc
36,531‌
74,749
(a)
Eastman
Kodak
Co
336,370‌
34,667
(a)
ePlus,
Inc
2,665,199‌
152,459
(a)
Evolv
Technologies
Holdings,
Inc
596,115‌
165,912
(a)
Extreme
Networks,
Inc
1,858,214‌
48,000
(a)
Fabrinet
8,307,360‌
25,759
(a)
FARO
Technologies,
Inc
482,981‌
140,517
(a)
Harmonic,
Inc
1,509,153‌
42,335
Immersion
Corp
307,775‌
271,730
(a),(b)
Infinera
Corp
1,309,739‌
36,697
(a)
Insight
Enterprises,
Inc
6,699,771‌
31,595
(a)
Intevac,
Inc
133,647‌
209,468
(a),(b)
IonQ,
Inc
1,790,951‌
55,526
(a)
Iteris,
Inc
248,756‌
59,440
(a)
Itron,
Inc
5,475,613‌
31,385
(a)
Kimball
Electronics,
Inc
656,888‌
118,060
(a)
Knowles
Corp
1,868,890‌
23,802
(a)
KVH
Industries,
Inc
114,250‌
155,618
(a),(b)
Lightwave
Logic,
Inc
594,461‌
42,898
(a)
Luna
Innovations,
Inc
88,370‌
46,978
Methode
Electronics,
Inc
572,662‌
240,192
(a),(b)
MicroVision,
Inc
348,278‌
259,949
(a)
Mirion
Technologies,
Inc
2,825,646‌
42,210
Napco
Security
Technologies,
Inc
1,717,947‌
37,896
(a)
Netgear,
Inc
560,103‌
89,220
(a)
Netscout
Systems,
Inc
1,718,377‌
59,828
(a)
nLight,
Inc
681,441‌
46,611
(a)
Novanta,
Inc
7,294,622‌
21,007
(a)
OSI
Systems,
Inc
2,761,160‌
35,663
(a),(b)
PAR
Technology
Corp
1,507,832‌
15,952
PC
Connection,
Inc
988,545‌
35,442
(a)
Plexus
Corp
3,579,996‌
114,929
(a)
Ribbon
Communications,
Inc
364,325‌
15,463
Richardson
Electronics
Ltd
162,825‌
22,595
(a)
Rogers
Corp
2,690,839‌
71,921
(a)
Sanmina
Corp
4,363,447‌
33,317
(a)
Scansource,
Inc
1,386,654‌
249,482
(a),(b)
SmartRent,
Inc
578,798‌
66,403
(a)
Super
Micro
Computer,
Inc
57,026,896‌
130,279
(a)
TTM
Technologies,
Inc
1,945,065‌
23,429
(a)
Turtle
Beach
Corp
330,349‌
Small
Cap
Blend
Index
Fund
April
30,
2024
126
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
298,029
(a)
Viavi
Solutions,
Inc
$
2,354,429‌
165,502
Vishay
Intertechnology,
Inc
3,829,716‌
16,057
(a)
Vishay
Precision
Group,
Inc
529,881‌
153,872
Xerox
Holdings
Corp
2,044,959‌
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
166,130,840‌
TELECOMMUNICATION
SERVICES
-
0
.6
%
17,395
(a)
Anterix,
Inc
548,291‌
150,344
(a),(b)
AST
SpaceMobile,
Inc
332,260‌
14,813
ATN
International,
Inc
282,632‌
31,861
(a)
Bandwidth,
Inc
579,870‌
57,956
Cogent
Communications
Group,
Inc
3,719,616‌
105,124
(a)
Consolidated
Communications
Holdings,
Inc
454,136‌
157,179
(a)
EchoStar
Corp
(Class
A)
2,513,292‌
915,192
(a),(b)
Globalstar,
Inc
1,180,598‌
90,915
(a)
Gogo,
Inc
823,690‌
21,037
IDT
Corp
747,655‌
48,837
(a)
Liberty
Latin
America
Ltd
(Class
A)
368,719‌
188,205
(a)
Liberty
Latin
America
Ltd
(Class
C)
1,419,066‌
1,220,138
(a),(b)
Lumen
Technologies,
Inc
1,451,964‌
29,212
(a)
Ooma,
Inc
206,237‌
61,693
Shenandoah
Telecom
Co
790,904‌
24,019
Spok
Holdings,
Inc
371,094‌
131,096
Telephone
and
Data
Systems,
Inc
2,051,652‌
TOTAL
TELECOMMUNICATION
SERVICES
17,841,676‌
TRANSPORTATION
-
1
.2
%
65,864
(a)
Air
Transport
Services
Group,
Inc
844,376‌
20,123
Allegiant
Travel
Co
1,097,911‌
30,622
ArcBest
Corp
3,396,286‌
76,928
(a),(b)
Blade
Air
Mobility,
Inc
245,400‌
58,833
Costamare,
Inc
704,819‌
11,167
Covenant
Logistics
Group,
Inc
504,637‌
35,177
Forward
Air
Corp
774,598‌
44,598
(a),(b)
Frontier
Group
Holdings,
Inc
269,372‌
134,966
FTAI
Infrastructure,
Inc
977,154‌
53,978
Genco
Shipping
&
Trading
Ltd
1,151,891‌
163,178
Golden
Ocean
Group
Ltd
2,299,178‌
70,818
(a)
Hawaiian
Holdings,
Inc
899,389‌
63,458
Heartland
Express,
Inc
630,773‌
38,844
(b)
Himalaya
Shipping
Ltd
317,355‌
82,469
Hub
Group,
Inc
(Class
A)
3,316,903‌
440,168
(a)
JetBlue
Airways
Corp
2,500,154‌
363,111
(a),(b)
Joby
Aviation,
Inc
1,833,711‌
75,196
Marten
Transport
Ltd
1,272,316‌
44,767
Matson,
Inc
4,824,987‌
8,979
(a)
PAM
Transportation
Services,
Inc
153,810‌
47,422
Pangaea
Logistics
Solutions
Ltd
341,438‌
51,631
(a)
Radiant
Logistics,
Inc
255,057‌
153,071
(a)
RXO,
Inc
2,894,573‌
75,940
(b)
Safe
Bulkers,
Inc
378,941‌
52,763
(a)
Skywest,
Inc
3,853,282‌
127,109
(b)
Spirit
Airlines,
Inc
448,695‌
49,955
(a)
Sun
Country
Airlines
Holdings,
Inc
664,901‌
7,485
Universal
Truckload
Services,
Inc
334,430‌
82,507
Werner
Enterprises,
Inc
2,821,739‌
TOTAL
TRANSPORTATION
40,008,076‌
UTILITIES
-
2
.6
%
75,856
Allete,
Inc
4,492,192‌
88,948
(a)
Altus
Power,
Inc
326,439‌
48,228
American
States
Water
Co
3,416,472‌
13,352
Artesian
Resources
Corp
467,053‌
100,742
Avista
Corp
3,624,697‌
127
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
89,187
Black
Hills
Corp
$
4,896,366‌
156,545
Brookfield
Infrastructure
Corp
4,769,926‌
56,339
(a),(b)
Cadiz,
Inc
128,453‌
76,898
California
Water
Service
Group
3,777,230‌
28,140
Chesapeake
Utilities
Corp
2,979,182‌
20,522
Consolidated
Water
Co,
Inc
522,285‌
27,477
Genie
Energy
Ltd
420,123‌
17,733
Global
Water
Resources,
Inc
217,052‌
47,198
MGE
Energy,
Inc
3,696,547‌
23,404
Middlesex
Water
Co
1,187,051‌
83,866
(a)
Montauk
Renewables,
Inc
301,918‌
126,106
New
Jersey
Resources
Corp
5,509,571‌
46,254
Northwest
Natural
Holding
Co
1,764,590‌
79,289
NorthWestern
Corp
3,999,337‌
72,184
ONE
Gas,
Inc
4,657,312‌
70,635
Ormat
Technologies,
Inc
4,508,632‌
53,945
Otter
Tail
Corp
4,604,745‌
111,404
PNM
Resources,
Inc
4,128,632‌
132,824
Portland
General
Electric
Co
5,741,982‌
25,021
(a)
Pure
Cycle
Corp
238,700‌
10,847
RGC
Resources,
Inc
223,665‌
41,635
SJW
Corp
2,267,026‌
81,317
Southwest
Gas
Holdings
Inc
6,067,875‌
67,295
Spire,
Inc
4,158,158‌
136,391
(a),(b)
Sunnova
Energy
International,
Inc
574,206‌
21,828
Unitil
Corp
1,111,918‌
18,741
York
Water
Co
665,493‌
TOTAL
UTILITIES
85,444,828‌
TOTAL
COMMON
STOCKS
3,226,891,403‌
(Cost
$2,298,359,942)
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
37,494
(c)
AstraZeneca
plc
02/20/29
11,623‌
20,265
(c)
Chinook
Therapeutics,
Inc
203‌
159,741
(b),(c)
Selecta
Biosciences,
Inc
08/16/24
28,753‌
9,351
(c)
Tobira
Therapeutics,
Inc
561‌
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
41,140‌
TOTAL
RIGHTS/WARRANTS
41,140‌
(Cost
$37,315)
TOTAL
LONG-TERM
INVESTMENTS
3,226,932,543‌
(Cost
$2,298,397,257)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.1%
REPURCHASE
AGREEMENT
-
0
.7
%
$
22,726,000
(d)
Fixed
Income
Clearing
Corporation
5
.310
%
05/01/24
22,726,000‌
TOTAL
REPURCHASE
AGREEMENT
22,726,000‌
TREASURY
DEBT
-
0
.4
%
2,500,000
United
States
Treasury
Bill
0
.000
05/09/24
2,497,066‌
5,000,000
United
States
Treasury
Bill
0
.000
05/30/24
4,978,753‌
5,000,000
United
States
Treasury
Bill
0
.000
06/06/24
4,973,588‌
TOTAL
TREASURY
DEBT
12,449,407‌
TOTAL
SHORT-TERM
INVESTMENTS
35,175,407‌
(Cost
$35,175,365)
Small
Cap
Blend
Index
Fund
April
30,
2024
128
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
RATE
EXP
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
2.5%
82,831,887
(e)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
%
(f)
$
82,831,887‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
82,831,887‌
(Cost
$82,831,887)
TOTAL
INVESTMENTS
-
102.5%
3,344,939,837‌
(Cost
$2,416,404,509)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(2.5)%
(
81,129,233‌
)
NET
ASSETS
-
100.0%
$
3,263,810,604‌
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing
(b)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$110,411,592.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(d)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$22,729,352
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$23,180,539.
(e)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(f)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Russell
2000
E-Mini
Index
337‌
06/21/24
 $
34,793,299‌
$
33,457,360‌
$
(
1,335,939‌
)
Portfolios
of
Investments
Emerging
Markets
Equity
Index
Fund
April
30,
2024
129
See
Notes
to
Financial
Statements
(Unaudited)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
LONG-TERM
INVESTMENTS
-
100.2%
CORPORATE
BONDS
-
0.0%
INDIA
-
0.0%
INR
1,648,737
Britannia
Industries
Ltd
5.500
%
06/03/24
$
19,688‌
TOTAL
INDIA
19,688‌
TOTAL
CORPORATE
BONDS
19,688‌
(Cost
$22,656)
SHARES
REFERENCERATE
&
SPREAD
COMMON
STOCKS
-
100.1%
BRAZIL
-
5.0%
4,041,297
Ambev
S.A.
9,456,103‌
534,400
Atacadao
S.A.
1,149,568‌
4,824,546
B3
SA-Brasil
Bolsa
Balcao
10,025,200‌
1,338,028
Banco
Bradesco
S.A.
3,184,922‌
4,545,804
Banco
Bradesco
S.A.
(Preference)
12,256,144‌
962,900
Banco
BTG
Pactual
S.A.
-
Unit
6,193,595‌
1,493,166
Banco
do
Brasil
S.A.
7,884,800‌
274,974
Banco
Santander
Brasil
S.A.
1,530,399‌
699,648
BB
Seguridade
Participacoes
S.A.
4,338,610‌
483,600
Caixa
Seguridade
Participacoes
S
1,458,455‌
1,034,145
Centrais
Eletricas
Brasileiras
S.A.
7,540,101‌
210,992
Centrais
Eletricas
Brasileiras
S.A.
1,688,716‌
738,042
Cia
de
Concessoes
Rodoviarias
1,752,505‌
301,958
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
4,699,812‌
1,564,075
Cia
Energetica
de
Minas
Gerais
2,942,844‌
964,800
Cia
Paranaense
de
Energia
1,688,948‌
641,230
Cia
Siderurgica
Nacional
S.A.
1,718,970‌
1,027,783
Cosan
SA
Industria
e
Comercio
2,870,018‌
211,880
CPFL
Energia
S.A.
1,301,655‌
215,752
Energisa
S.A.
1,873,900‌
409,700
(a)
Eneva
S.A.
976,791‌
132,125
Engie
Brasil
Energia
S.A.
1,040,695‌
881,452
Equatorial
Energia
S.A.
5,192,700‌
1,148,619
Gerdau
S.A.
(Preference)
4,039,168‌
4,529,850
(a),(b)
Hapvida
Participacoes
e
Investimentos
S.A.
3,219,032‌
280,403
Hypera
S.A.
1,594,095‌
4,386,490
Investimentos
Itau
S.A.
-
PR
8,075,886‌
4,207,353
Itau
Unibanco
Holding
S.A.
25,409,735‌
610,033
Klabin
S.A.
2,706,767‌
756,803
Localiza
Rent
A
Car
7,145,948‌
780,854
Lojas
Renner
S.A.
2,305,298‌
3,016,995
(a)
Magazine
Luiza
S.A.
790,185‌
761,819
Natura
&
Co
Holding
S.A.
2,433,959‌
848,185
Petro
Rio
S.A.
7,840,558‌
3,403,478
Petroleo
Brasileiro
S.A.
29,010,118‌
4,302,525
Petroleo
Brasileiro
S.A.
(Preference)
34,817,259‌
1,097,195
Raia
Drogasil
S.A.
5,405,047‌
470,488
(b)
Rede
D'Or
Sao
Luiz
S.A.
2,355,792‌
1,123,827
(a)
Rumo
S.A.
4,363,200‌
1,216,119
(a)
Sendas
Distribuidora
S.A.
3,072,735‌
678,487
Suzano
SA
7,638,630‌
345,721
Telefonica
Brasil
S.A.
3,151,876‌
754,666
TIM
S.A.
2,559,348‌
455,700
TOTVS
S.A.
2,416,897‌
653,460
Ultrapar
Participacoes
S.A.
3,253,080‌
2,944,942
Vale
S.A.
35,894,423‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
130
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
BRAZIL—continued
1,026,627
Vibra
Energia
S.A.
$
4,638,268‌
1,509,534
WEG
S.A.
11,497,529‌
TOTAL
BRAZIL
308,400,284‌
CHILE
-
0.5%
38,210,903
Banco
de
Chile
4,238,801‌
74,734
Banco
de
Credito
e
Inversiones
2,179,706‌
53,267,494
Banco
Santander
Chile
S.A.
2,413,558‌
1,152,948
Cencosud
S.A.
1,975,642‌
12,576,205
Cia
Sud
Americana
de
Vapores
S.A.
981,155‌
1,017,734
Empresas
CMPC
S.A.
2,009,920‌
387,358
Empresas
COPEC
S.A.
2,764,220‌
22,752,382
Enel
Chile
S.A.
1,350,852‌
18,656,126
Enersis
S.A.
1,748,921‌
146,483,696
(a)
Lan
Airlines
S.A.
1,982,004‌
848,975
(a)
SACI
Falabella
2,272,659‌
120,732
Sociedad
Quimica
y
Minera
de
Chile
S.A.
(Class
B)
5,514,398‌
TOTAL
CHILE
29,431,836‌
CHINA
-
26.5%
116,900
360
Finance,
Inc
(ADR)
2,138,101‌
351,500
360
Security
Technology,
Inc
411,263‌
125,000
37
Interactive
Entertainment
Network
Technology
Group
Co
Ltd
287,127‌
667,000
AAC
Technologies
Holdings,
Inc
2,122,818‌
45,400
Accelink
Technologies
Co
Ltd
232,740‌
11,685
ACM
Research
Shanghai,
Inc
131,585‌
30,375
Advanced
Micro-Fabrication
Equipment,
Inc
China
590,561‌
38,500
AECC
Aero-Engine
Control
Co
Ltd
103,725‌
135,300
AECC
Aviation
Power
Co
Ltd
659,373‌
25,467,043
Agricultural
Bank
of
China
Ltd
11,356,031‌
4,666,600
Agricultural
Bank
of
China
Ltd
(Class
A)
2,832,453‌
455,170
Aier
Eye
Hospital
Group
Co
Ltd
808,398‌
32,000
AIMA
Technology
Group
Co
Ltd
155,278‌
499,090
(a)
Air
China
Ltd
507,506‌
1,602,000
(a)
Air
China
Ltd
(H
shares)
803,174‌
124,530
Airtac
International
Group
4,409,088‌
424,000
(a),(b)
Akeso,
Inc
2,594,507‌
14,150,577
Alibaba
Group
Holding
Ltd
132,492,712‌
4,500,284
(a),(c)
Alibaba
Health
Information
Technology
Ltd
1,679,861‌
3,504,000
Aluminum
Corp
of
China
Ltd
2,323,899‌
785,700
Aluminum
Corp
of
China
Ltd
(Class
A)
802,169‌
15,390
Amlogic
Shanghai
Co
Ltd
122,352‌
37,600
Angel
Yeast
Co
Ltd
154,372‌
1,145,282
Anhui
Conch
Cement
Co
Ltd
2,657,127‌
234,700
Anhui
Conch
Cement
Co
Ltd
(Class
A)
743,399‌
100,758
Anhui
Gujing
Distillery
Co
Ltd
1,651,533‌
20,900
Anhui
Gujing
Distillery
Co
Ltd
(Class
A)
781,073‌
119,100
Anhui
Jianghuai
Automobile
Group
Corp
Ltd
256,324‌
28,400
Anhui
Kouzi
Distillery
Co
Ltd
163,301‌
28,600
Anhui
Yingjia
Distillery
Co
Ltd
279,642‌
18,200
Anker
Innovations
Technology
Co
Ltd
216,213‌
1,102,486
Anta
Sports
Products
Ltd
12,481,235‌
97,800
(a)
Asia-Potash
International
Investment
Guangzhou
Co
Ltd
239,612‌
17,929
(a)
ASR
Microelectronics
Co
Ltd
100,986‌
15,400
Asymchem
Laboratories
Tianjin
Co
Ltd
175,220‌
30,100
Autobio
Diagnostics
Co
Ltd
236,356‌
67,500
Autohome,
Inc
(ADR)
1,734,750‌
84,800
Avary
Holding
Shenzhen
Co
Ltd
281,311‌
294,858
AVIC
Industry-Finance
Holdings
Co
Ltd
120,763‌
1,054,861
AviChina
Industry
&
Technology
Co
Ltd
453,666‌
14,700
AVICOPTER
plc
84,375‌
449,300
(a)
BAIC
BluePark
New
Energy
Technology
Co
Ltd
420,527‌
131
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
1,963,362
(a)
Baidu,
Inc
$
25,436,492‌
1,235,616
Bank
of
Beijing
Co
Ltd
951,146‌
259,086
Bank
of
Changsha
Co
Ltd
291,487‌
247,205
Bank
of
Chengdu
Co
Ltd
504,320‌
2,077,343
Bank
of
China
Ltd
-
A
1,314,329‌
71,523,425
Bank
of
China
Ltd
-
H
32,077,543‌
2,235,200
Bank
of
Communications
Co
Ltd
-
A
2,120,047‌
8,008,934
Bank
of
Communications
Co
Ltd
-
H
5,766,902‌
259,700
Bank
of
Hangzhou
Co
Ltd
462,384‌
1,185,010
Bank
of
Jiangsu
Co
Ltd
1,321,037‌
516,900
Bank
of
Nanjing
Co
Ltd
664,863‌
342,168
Bank
of
Ningbo
Co
Ltd
1,080,370‌
861,309
Bank
of
Shanghai
Co
Ltd
867,728‌
320,800
Bank
of
Suzhou
Co
Ltd
334,005‌
1,134,400
Baoshan
Iron
&
Steel
Co
Ltd
1,086,355‌
581,926
(a)
BeiGene
Ltd
6,903,150‌
264,900
Beijing
Dabeinong
Technology
Group
Co
Ltd
171,162‌
178,400
Beijing
Enlight
Media
Co
Ltd
229,910‌
447,000
Beijing
Enterprises
Holdings
Ltd
1,431,092‌
3,803,583
Beijing
Enterprises
Water
Group
Ltd
959,305‌
24,376
Beijing
Kingsoft
Office
Software,
Inc
1,032,453‌
79,600
Beijing
New
Building
Materials
plc
359,994‌
61,400
Beijing
Oriental
Yuhong
Waterproof
Technology
Co
Ltd
123,829‌
6,511
Beijing
Roborock
Technology
Co
Ltd
380,390‌
81,100
Beijing
Tiantan
Biological
Products
Corp
Ltd
321,146‌
70,200
Beijing
Tongrentang
Co
Ltd
409,365‌
33,698
Beijing
Wantai
Biological
Pharmacy
Enterprise
Co
Ltd
317,738‌
224,900
Beijing
Yanjing
Brewery
Co
Ltd
306,906‌
2,515,700
Beijing-Shanghai
High
Speed
Railway
Co
Ltd
1,763,248‌
399,700
(a)
Beiqi
Foton
Motor
Co
Ltd
144,558‌
11,800
Bethel
Automotive
Safety
Systems
Co
Ltd
93,469‌
195,267
(a),(c)
Bilibili,
Inc
2,479,534‌
26,921
Bloomage
Biotechnology
Corp
Ltd
227,945‌
186,900
(b)
BOC
Aviation
Ltd
1,486,553‌
162,200
BOC
International
China
Co
Ltd
229,219‌
2,261,500
BOE
Technology
Group
Co
Ltd
1,357,420‌
3,478,000
Bosideng
International
Holdings
Ltd
2,013,300‌
2,630,000
Brilliance
China
Automotive
Holdings
Ltd
2,183,913‌
86,900
BYD
Co
Ltd
2,608,913‌
923,037
BYD
Co
Ltd
(H
shares)
25,302,814‌
750,500
BYD
Electronic
International
Co
Ltd
2,528,273‌
113,600
By-health
Co
Ltd
247,785‌
603,575
C&D
International
Investment
Group
Ltd
1,195,632‌
383,350
Caitong
Securities
Co
Ltd
404,241‌
22,695
(a)
Cambricon
Technologies
Corp
Ltd
523,704‌
36,400
Canmax
Technologies
Co
Ltd
105,869‌
27,137
Cathay
Biotech,
Inc
191,652‌
353,100
CECEP
Solar
Energy
Co
Ltd
251,137‌
1,073,100
CGN
Power
Co
Ltd
608,435‌
11,244,000
(b)
CGN
Power
Co
Ltd
3,770,203‌
16,900
Changchun
High
&
New
Technology
Industry
Group,
Inc
262,733‌
269,545
Changjiang
Securities
Co
Ltd
210,433‌
12,800
Changzhou
Xingyu
Automotive
Lighting
Systems
Co
Ltd
235,708‌
127,100
Chaozhou
Three-Circle
Group
Co
Ltd
487,919‌
38,600
Chengxin
Lithium
Group
Co
Ltd
95,390‌
59,600
(a)
Chifeng
Jilong
Gold
Mining
Co
Ltd
146,220‌
233,400
China
Baoan
Group
Co
Ltd
338,021‌
8,164,097
China
Cinda
Asset
Management
Co
Ltd
735,722‌
8,402,530
China
Citic
Bank
4,915,760‌
2,215,000
China
Coal
Energy
Co
2,231,255‌
2,790,000
China
Communications
Services
Corp
Ltd
1,333,750‌
791,800
China
Construction
Bank
Corp
-
A
777,507‌
83,883,641
China
Construction
Bank
Corp
-
H
54,271,934‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
132
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
257,400
China
CSSC
Holdings
Ltd
$
1,293,319‌
880,200
(a)
China
Eastern
Airlines
Corp
Ltd
465,661‌
1,330,900
China
Energy
Engineering
Corp
Ltd
403,549‌
2,820,000
China
Everbright
Bank
Co
Ltd
-
A
1,226,181‌
4,574,000
China
Everbright
Bank
Co
Ltd
-
H
1,385,720‌
3,307,000
(b)
China
Feihe
Ltd
1,808,485‌
119,000
China
Film
Co
Ltd
194,975‌
3,396,245
China
Galaxy
Securities
Co
Ltd
1,839,633‌
285,900
China
Galaxy
Securities
Co
Ltd
(Class
A)
488,927‌
2,487,268
China
Gas
Holdings
Ltd
2,328,906‌
213,400
China
Great
Wall
Securities
Co
Ltd
224,976‌
74,800
China
Greatwall
Technology
Group
Co
Ltd
100,304‌
2,072,000
(c)
China
Hongqiao
Group
Ltd
2,859,109‌
2,230,000
(a),(d)
China
Huishan
Dairy
Holdings
Co
Ltd
2,851‌
1,324,224
China
Insurance
International
Holdings
Co
Ltd
1,210,758‌
1,297,006
(b)
China
International
Capital
Corp
Ltd
1,563,990‌
95,000
China
International
Capital
Corp
Ltd
435,739‌
182,544
China
Jushi
Co
Ltd
300,040‌
6,957,880
China
Life
Insurance
Co
Ltd
9,162,988‌
156,500
China
Life
Insurance
Co
Ltd
(Class
A)
659,571‌
423,000
(a),(b)
China
Literature
Ltd
1,510,978‌
3,285,341
China
Longyuan
Power
Group
Corp
Ltd
2,301,489‌
1,186,000
China
Medical
System
Holdings
Ltd
1,058,919‌
2,775,000
China
Mengniu
Dairy
Co
Ltd
5,748,346‌
3,541,368
China
Merchants
Bank
Co
Ltd
15,337,157‌
1,081,095
China
Merchants
Bank
Co
Ltd
(Class
A)
5,100,742‌
511,900
China
Merchants
Energy
Shipping
Co
Ltd
602,984‌
160,200
China
Merchants
Expressway
Network
&
Technology
Holdings
Co
Ltd
245,117‌
1,342,894
China
Merchants
Holdings
International
Co
Ltd
1,773,446‌
351,020
China
Merchants
Securities
Co
Ltd
707,008‌
438,000
China
Merchants
Shekou
Industrial
Zone
Holdings
Co
Ltd
510,266‌
1,804,058
China
Minsheng
Banking
Corp
Ltd
-
A
983,634‌
6,538,014
(c)
China
Minsheng
Banking
Corp
Ltd
-
H
2,392,137‌
3,249,000
China
Molybdenum
Co
Ltd
3,048,242‌
918,300
China
Molybdenum
Co
Ltd
(Class
A)
1,129,078‌
3,351,913
China
National
Building
Material
Co
Ltd
1,296,982‌
256,700
China
National
Chemical
Engineering
Co
Ltd
243,761‌
59,700
China
National
Medicines
Corp
Ltd
286,079‌
1,183,400
China
National
Nuclear
Power
Co
Ltd
1,508,666‌
170,900
China
Northern
Rare
Earth
Group
High-Tech
Co
Ltd
454,157‌
2,482,773
China
Oilfield
Services
Ltd
2,654,843‌
3,424,794
China
Overseas
Land
&
Investment
Ltd
6,297,760‌
665,000
China
Overseas
Property
Holdings
Ltd
404,477‌
346,400
China
Pacific
Insurance
Group
Co
Ltd
-
A
1,227,744‌
2,448,419
China
Pacific
Insurance
Group
Co
Ltd
-
H
5,364,674‌
4,296,000
(c)
China
Power
International
Development
Ltd
1,733,589‌
1,165,611
China
Railway
Group
Ltd
-
A
1,052,784‌
3,970,000
China
Railway
Group
Ltd
-
H
1,959,031‌
365,184
China
Railway
Signal
&
Communication
Corp
Ltd
272,318‌
77,800
China
Rare
Earth
Resources
And
Technology
Co
Ltd
301,144‌
1,435,071
China
Resources
Beer
Holdings
Company
Ltd
6,541,141‌
860,500
China
Resources
Gas
Group
Ltd
2,704,527‌
2,743,555
China
Resources
Land
Ltd
9,865,372‌
45,334
China
Resources
Microelectronics
Ltd
227,620‌
616,807
(b)
China
Resources
Mixc
Lifestyle
Services
Ltd
2,171,014‌
1,519,846
(b)
China
Resources
Pharmaceutical
Group
Ltd
982,827‌
1,805,372
China
Resources
Power
Holdings
Co
4,489,698‌
49,425
China
Resources
Sanjiu
Medical
&
Pharmaceutical
Co
Ltd
409,310‌
4,198,904
(a),(c)
China
Ruyi
Holdings
Ltd
1,051,710‌
440,200
China
Shenhua
Energy
Co
Ltd
-
A
2,417,819‌
133
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
3,099,000
China
Shenhua
Energy
Co
Ltd
-
H
$
12,862,299‌
1,250,000
(c)
China
Shipping
Development
Co
Ltd
1,465,954‌
454,500
(a)
China
Southern
Airlines
Co
Ltd
(Class
A)
355,017‌
2,240,710
China
State
Construction
Engineering
Corp
Ltd
1,655,047‌
1,770,000
China
State
Construction
International
Holdings
Ltd
1,867,532‌
1,369,000
China
Three
Gorges
Renewables
Group
Co
Ltd
885,198‌
93,663
(b),(c)
China
Tourism
Group
Duty
Free
Corp
Ltd
824,812‌
91,800
China
Tourism
Group
Duty
Free
Corp
Ltd
941,861‌
43,694,778
(b)
China
Tower
Corp
Ltd
5,114,881‌
1,926,800
China
Vanke
Co
Ltd
1,130,041‌
551,200
China
Vanke
Co
Ltd
(Class
A)
561,042‌
323,200
China
XD
Electric
Co
Ltd
313,526‌
1,301,100
China
Yangtze
Power
Co
Ltd
4,633,759‌
16,100
China
Zhenhua
Group
Science
&
Technology
Co
Ltd
103,491‌
710,815
China
Zheshang
Bank
Co
Ltd
293,868‌
39,800
Chongqing
Brewery
Co
Ltd
385,690‌
320,866
Chongqing
Changan
Automobile
Co
Ltd
648,927‌
1,012,352
Chongqing
Rural
Commercial
Bank
Co
Ltd
648,666‌
35,600
(a)
Chongqing
Taiji
Industry
Group
Co
Ltd
178,092‌
150,200
Chongqing
Zhifei
Biological
Products
Co
Ltd
725,420‌
1,767,833
Chow
Tai
Fook
Jewellery
Group
Ltd
2,405,399‌
5,655,738
Citic
Pacific
Ltd
5,352,602‌
1,623,732
CITIC
Securities
Co
Ltd
2,585,167‌
643,480
CITIC
Securities
Co
Ltd
(Class
A)
1,677,430‌
53,100
CNGR
Advanced
Material
Co
Ltd
383,132‌
394,800
CNPC
Capital
Co
Ltd
318,855‌
234,080
Contemporary
Amperex
Technology
Co
Ltd
6,546,895‌
1,418,196
COSCO
Pacific
Ltd
870,289‌
317,000
COSCO
SHIPPING
Development
Co
Ltd
107,472‌
249,100
COSCO
SHIPPING
Energy
Transportation
Co
Ltd
547,975‌
796,610
COSCO
SHIPPING
Holdings
Co
Ltd
-
A
1,294,773‌
2,631,800
COSCO
SHIPPING
Holdings
Co
Ltd
-
H
3,405,111‌
10,881,496
(c),(d)
Country
Garden
Holdings
Co
Ltd
505,982‌
1,917,000
Country
Garden
Services
Holdings
Co
Ltd
1,278,907‌
188,900
CSC
Financial
Co
Ltd
579,854‌
76,200
CSPC
Innovation
Pharmaceutical
Co
Ltd
360,472‌
8,043,489
CSPC
Pharmaceutical
Group
Ltd
6,604,765‌
81,800
CSSC
Science
&
Technology
Co
Ltd
179,283‌
1,194,000
Daqin
Railway
Co
Ltd
1,140,990‌
69,120
DaShenLin
Pharmaceutical
Group
Co
Ltd
207,330‌
324,600
Datang
International
Power
Generation
Co
Ltd
134,864‌
56,200
Dong-E-E-Jiao
Co
Ltd
532,081‌
145,100
Dongfang
Electric
Corp
Ltd
337,139‌
2,393,917
Dongfeng
Motor
Group
Co
Ltd
868,136‌
82,600
Dongxing
Securities
Co
Ltd
100,207‌
425,207
(a),(b),(c)
East
Buy
Holding
Ltd
898,975‌
742,185
East
Money
Information
Co
Ltd
1,331,276‌
13,300
Eastroc
Beverage
Group
Co
Ltd
390,983‌
18,900
Ecovacs
Robotics
Co
Ltd
128,846‌
18,200
Empyrean
Technology
Co
Ltd
196,244‌
707,028
ENN
Energy
Holdings
Ltd
6,024,152‌
115,700
ENN
Natural
Gas
Co
Ltd
288,250‌
37,600
Eoptolink
Technology,
Inc
Ltd
441,020‌
95,861
Eve
Energy
Co
Ltd
488,881‌
182,800
Everbright
Securities
Co
Ltd
416,182‌
314,783
(a)
Everdisplay
Optronics
Shanghai
Co
Ltd
96,937‌
142,860
Fangda
Carbon
New
Material
Co
Ltd
99,801‌
1,007,000
Far
East
Horizon
Ltd
749,197‌
93,400
FAW
Jiefang
Group
Co
Ltd
115,632‌
178,400
First
Capital
Securities
Co
Ltd
140,930‌
425,000
Flat
Glass
Group
Co
Ltd
1,023,729‌
95,600
Flat
Glass
Group
Co
Ltd
349,846‌
845,140
Focus
Media
Information
Technology
Co
Ltd
756,469‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
134
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
229,564
Foshan
Haitian
Flavouring
&
Food
Co
Ltd
$
1,239,796‌
2,145,452
Fosun
International
1,265,798‌
365,800
Founder
Securities
Co
Ltd
451,959‌
669,300
Foxconn
Industrial
Internet
Co
Ltd
2,211,394‌
34,900
Fu
Jian
Anjoy
Foods
Co
Ltd
443,149‌
68,400
Fujian
Sunner
Development
Co
Ltd
147,576‌
89,400
Fuyao
Glass
Industry
Group
Co
Ltd
-
A
614,662‌
516,898
(b)
Fuyao
Glass
Industry
Group
Co
Ltd
-
H
3,094,700‌
36,061
GalaxyCore,
Inc
82,234‌
70,440
Ganfeng
Lithium
Group
Co
Ltd
341,504‌
328,520
(b),(c)
Ganfeng
Lithium
Group
Co
Ltd
963,379‌
18,180,795
GCL
Technology
Holdings
Ltd
2,692,808‌
1,118,283
GD
Power
Development
Co
Ltd
790,235‌
5,146,828
Geely
Automobile
Holdings
Ltd
6,194,509‌
268,600
GEM
Co
Ltd
257,467‌
1,030,000
(a),(c)
Genscript
Biotech
Corp
1,518,910‌
924,600
GF
Securities
Co
Ltd
921,125‌
293,100
GF
Securities
Co
Ltd
(Class
A)
532,963‌
254,200
(a),(b),(c)
Giant
Biogene
Holding
Co
ltd
1,548,773‌
152,800
Giant
Network
Group
Co
Ltd
246,998‌
27,468
GigaDevice
Semiconductor,
Inc
296,285‌
18,750
Ginlong
Technologies
Co
Ltd
138,055‌
234,400
GoerTek,
Inc
508,964‌
23,600
Gongniu
Group
Co
Ltd
388,673‌
13,762
GoodWe
Technologies
Co
Ltd
175,982‌
70,200
Gotion
High-tech
Co
Ltd
181,192‌
131,400
Great
Wall
Motor
Co
Ltd
473,921‌
2,238,766
(c)
Great
Wall
Motor
Co
Ltd
3,383,093‌
160,900
Gree
Electric
Appliances,
Inc
of
Zhuhai
933,423‌
518,900
Greenland
Holdings
Corp
Ltd
131,423‌
143,700
GRG
Banking
Equipment
Co
Ltd
235,482‌
83,900
Guangdong
Haid
Group
Co
Ltd
577,278‌
128,400
(a)
Guangdong
HEC
Technology
Holding
Co
Ltd
156,854‌
2,596,000
Guangdong
Investments
Ltd
1,356,060‌
851,787
Guanghui
Energy
Co
Ltd
865,869‌
222,800
Guangzhou
Automobile
Group
Co
Ltd
269,223‌
2,684,851
Guangzhou
Automobile
Group
Co
Ltd
-
H
1,109,177‌
172,200
Guangzhou
Baiyun
International
Airport
Co
Ltd
245,548‌
74,100
Guangzhou
Baiyunshan
Pharmaceutical
Holdings
Co
Ltd
327,361‌
212,700
Guangzhou
Haige
Communications
Group,
Inc
Co
319,189‌
25,700
Guangzhou
Kingmed
Diagnostics
Group
Co
Ltd
135,777‌
36,672
Guangzhou
Shiyuan
Electronic
Technology
Co
Ltd
168,848‌
86,900
Guangzhou
Tinci
Materials
Technology
Co
Ltd
251,020‌
181,400
Guangzhou
Yuexiu
Capital
Holdings
Group
Co
Ltd
144,482‌
122,100
Guolian
Securities
Co
Ltd
176,368‌
280,600
Guosen
Securities
Co
Ltd
346,930‌
365,300
Guotai
Junan
Securities
Co
Ltd
691,413‌
339,630
Guoyuan
Securities
Co
Ltd
318,670‌
1,573,000
(b)
Haidilao
International
Holding
Ltd
3,549,014‌
285,400
Haier
Smart
Home
Co
Ltd
1,187,289‌
2,147,600
Haier
Smart
Home
Co
Ltd
7,954,759‌
2,100,900
(a)
Hainan
Airlines
Holding
Co
Ltd
396,299‌
650,200
(a)
Hainan
Airport
Infrastructure
Co
Ltd
313,571‌
549,000
Haitian
International
Holdings
Ltd
1,788,009‌
2,679,600
Haitong
Securities
Co
Ltd
1,279,834‌
394,700
Haitong
Securities
Co
Ltd
(Class
A)
455,075‌
56,900
Hang
Zhou
Great
Star
Industrial
Co
Ltd
198,285‌
157,300
Hangzhou
Binjiang
Real
Estate
Group
Co
Ltd
145,526‌
21,700
Hangzhou
Chang
Chuan
Technology
Co
Ltd
87,123‌
79,850
Hangzhou
First
Applied
Material
Co
Ltd
298,561‌
63,300
Hangzhou
Oxygen
Plant
Group
Co
Ltd
238,114‌
44,600
Hangzhou
Robam
Appliances
Co
Ltd
145,282‌
135
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
46,500
Hangzhou
Silan
Microelectronics
Co
Ltd
$
122,511‌
16,000
Hangzhou
Tigermed
Consulting
Co
Ltd
-
A
129,953‌
1,166,000
(b)
Hansoh
Pharmaceutical
Group
Co
Ltd
2,576,503‌
29,600
Haohua
Chemical
Science
&
Technology
Co
Ltd
126,717‌
97,500
Hebei
Yangyuan
Zhihui
Beverage
Co
Ltd
353,042‌
87,000
Heilongjiang
Agriculture
Co
Ltd
156,974‌
232,900
Henan
Shenhuo
Coal
&
Power
Co
Ltd
695,048‌
220,570
Henan
Shuanghui
Investment
&
Development
Co
Ltd
820,570‌
554,500
Hengan
International
Group
Co
Ltd
1,861,551‌
77,700
Hengdian
Group
DMEGC
Magnetics
Co
Ltd
154,039‌
370,520
Hengli
Petrochemical
Co
Ltd
791,043‌
127,300
Hengtong
Optic-electric
Co
Ltd
247,815‌
354,660
Hengyi
Petrochemical
Co
Ltd
366,273‌
768,900
Hesteel
Co
Ltd
231,984‌
81,700
Hisense
Visual
Technology
Co
Ltd
314,103‌
26,100
Hithink
RoyalFlush
Information
Network
Co
Ltd
432,852‌
297,100
HLA
Corp
Ltd
373,760‌
24,340
Hongfa
Technology
Co
Ltd
95,717‌
41,000
Hoshine
Silicon
Industry
Co
Ltd
273,058‌
13,073
Hoymiles
Power
Electronics,
Inc
408,180‌
532,051
(a),(b),(c)
Hua
Hong
Semiconductor
Ltd
1,048,514‌
793,300
Huadian
Power
International
Corp
Ltd
(Class
A)
739,435‌
97,400
Huadong
Medicine
Co
Ltd
442,426‌
146,400
Huafon
Chemical
Co
Ltd
164,156‌
69,000
Huagong
Tech
Co
Ltd
315,713‌
240,100
Huaibei
Mining
Holdings
Co
Ltd
638,685‌
105,520
Hualan
Biological
Engineering,
Inc
283,264‌
469,900
Huaneng
Power
International,
Inc
-
A
606,341‌
3,747,110
Huaneng
Power
International,
Inc
-
H
2,385,039‌
1,199,000
(b)
Huatai
Securities
Co
Ltd
1,417,961‌
216,000
Huatai
Securities
Co
Ltd
(Class
A)
408,479‌
692,419
Huaxia
Bank
Co
Ltd
640,822‌
154,873
Huayu
Automotive
Systems
Co
Ltd
351,629‌
176,206
Huazhu
Group
Ltd
(ADR)
6,468,522‌
86,300
Hubei
Jumpcan
Pharmaceutical
Co
Ltd
490,283‌
24,100
Huizhou
Desay
Sv
Automotive
Co
Ltd
416,220‌
93,600
Humanwell
Healthcare
Group
Co
Ltd
260,983‌
389,400
Hunan
Valin
Steel
Co
Ltd
280,175‌
98,096
Hundsun
Technologies,
Inc
277,126‌
7,071
Hwatsing
Technology
Co
Ltd
165,810‌
288,200
(b)
Hygeia
Healthcare
Holdings
Co
Ltd
1,189,526‌
95,581
Hygon
Information
Technology
Co
Ltd
1,027,834‌
121,200
Iflytek
Co
Ltd
749,229‌
15,260
Imeik
Technology
Development
Co
Ltd
451,379‌
3,456,505
Industrial
&
Commercial
Bank
of
China
Ltd
-
A
2,588,983‌
57,374,777
Industrial
&
Commercial
Bank
of
China
Ltd
-
H
30,765,964‌
1,101,200
Industrial
Bank
Co
Ltd
2,557,707‌
376,480
Industrial
Securities
Co
Ltd
289,237‌
22,800
Ingenic
Semiconductor
Co
Ltd
198,590‌
1,909,400
Inner
Mongolia
BaoTou
Steel
Union
Co
Ltd
420,412‌
140,900
Inner
Mongolia
Dian
Tou
Energy
Corp
Ltd
409,472‌
343,300
Inner
Mongolia
Junzheng
Energy
&
Chemical
Industry
Group
Co
Ltd
199,223‌
323,600
Inner
Mongolia
Yili
Industrial
Group
Co
Ltd
1,275,203‌
1,205,100
Inner
Mongolia
Yitai
Coal
Co
2,342,137‌
186,500
Inner
Mongolia
Yuan
Xing
Energy
Co
Ltd
184,434‌
1,062,737
(a),(b)
Innovent
Biologics,
Inc
5,144,672‌
76,900
Inspur
Electronic
Information
Industry
Co
Ltd
428,825‌
397,185
(a)
iQIYI,
Inc
(ADR)
1,926,347‌
3,802
(a)
iRay
Technology
Co
Ltd
104,158‌
52,500
(a)
Isoftstone
Information
Technology
Group
Co
Ltd
302,238‌
159,684
(a)
JA
Solar
Technology
Co
Ltd
313,144‌
23,660
Jason
Furniture
Hangzhou
Co
Ltd
108,910‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
136
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
1,006,249
(a),(b)
JD
Health
International,
Inc
$
3,432,138‌
1,668,300
(a),(b)
JD
Logistics,
Inc
1,805,641‌
2,035,984
JD.com,
Inc
29,335,212‌
302,900
Jiangsu
Eastern
Shenghong
Co
Ltd
413,924‌
1,280,000
Jiangsu
Express
1,255,317‌
63,456
Jiangsu
Hengli
Hydraulic
Co
Ltd
446,703‌
324,119
Jiangsu
Hengrui
Pharmaceuticals
Co
Ltd
2,058,137‌
76,300
Jiangsu
King's
Luck
Brewery
JSC
Ltd
603,365‌
55,400
(a)
Jiangsu
Nhwa
Pharmaceutical
Co
Ltd
190,963‌
17,700
Jiangsu
Pacific
Quartz
Co
Ltd
191,033‌
151,400
Jiangsu
Phoenix
Publishing
&
Media
Corp
Ltd
212,662‌
72,700
Jiangsu
Yanghe
Brewery
Joint-Stock
Co
Ltd
951,626‌
11,050
Jiangsu
Yangnong
Chemical
Co
Ltd
98,076‌
28,500
Jiangsu
Yoke
Technology
Co
Ltd
250,702‌
58,800
Jiangsu
Yuyue
Medical
Equipment
&
Supply
Co
Ltd
313,545‌
157,000
Jiangsu
Zhongtian
Technology
Co
Ltd
292,922‌
992,000
Jiangxi
Copper
Co
Ltd
2,020,337‌
100,300
Jiangxi
Copper
Co
Ltd
(Class
A)
359,618‌
68,300
(a)
Jiangxi
Special
Electric
Motor
Co
Ltd
91,414‌
206,300
Jinduicheng
Molybdenum
Co
Ltd
322,730‌
291,207
Jinko
Solar
Co
Ltd
302,663‌
13,800
JiuGui
Liquor
Co
Ltd
97,003‌
578,900
Jizhong
Energy
Resources
Co
Ltd
598,665‌
49,000
Joincare
Pharmaceutical
Group
Industry
Co
Ltd
82,089‌
295,639
Jointown
Pharmaceutical
Group
Co
Ltd
334,498‌
51,500
Jonjee
Hi-Tech
Industrial
And
Commercial
Holding
Co
Ltd
209,414‌
225,900
Juneyao
Airlines
Co
Ltd
382,980‌
192,000
Kanzhun
Ltd
(ADR)
3,799,680‌
582,294
KE
Holdings,
Inc
(ADR)
8,804,285‌
73,400
Keda
Industrial
Group
Co
Ltd
102,256‌
587,881
Kingboard
Chemical
Holdings
Ltd
1,292,030‌
2,686,000
(a)
Kingdee
International
Software
Group
Co
Ltd
2,833,796‌
123,800
Kingnet
Network
Co
Ltd
200,595‌
905,800
Kingsoft
Corp
Ltd
2,942,928‌
2,013,101
(a),(b)
Kuaishou
Technology
14,113,256‌
98,000
(a)
Kuang-Chi
Technologies
Co
Ltd
264,028‌
71,100
Kunlun
Tech
Co
Ltd
388,077‌
67,143
Kweichow
Moutai
Co
Ltd
15,741,892‌
139,300
LB
Group
Co
Ltd
402,710‌
7,005,856
Lenovo
Group
Ltd
7,879,904‌
202,900
Lens
Technology
Co
Ltd
398,825‌
50,700
Lepu
Medical
Technology
Beijing
Co
Ltd
103,269‌
1,005,410
(a)
Li
Auto,
Inc
13,172,778‌
2,005,000
Li
Ning
Co
Ltd
5,248,823‌
140,900
Liaoning
Port
Co
Ltd
27,994‌
216,700
Lingyi
iTech
Guangdong
Co
154,962‌
22,100
Livzon
Pharmaceutical
Group,
Inc
122,230‌
1,905,000
(b),(c)
Longfor
Group
Holdings
Ltd
2,821,580‌
369,224
LONGi
Green
Energy
Technology
Co
Ltd
924,515‌
332,053
Luxshare
Precision
Industry
Co
Ltd
1,330,962‌
73,100
Luzhou
Laojiao
Co
Ltd
1,871,037‌
108,370
Mango
Excellent
Media
Co
Ltd
348,901‌
28,120
Maxscend
Microelectronics
Co
Ltd
350,354‌
195,200
Meihua
Holdings
Group
Co
Ltd
298,919‌
216,928
(a)
Meinian
Onehealth
Healthcare
Holdings
Co
Ltd
132,305‌
4,391,329
(a),(b)
Meituan
59,961,526‌
966,700
Metallurgical
Corp
of
China
Ltd
435,394‌
19,213
MGI
Tech
Co
Ltd
154,415‌
181,400
Midea
Group
Co
Ltd
1,744,565‌
116,800
Ming
Yang
Smart
Energy
Group
Ltd
157,302‌
334,800
MINISO
Group
Holding
Ltd
1,888,622‌
64,976
Montage
Technology
Co
Ltd
451,247‌
137
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
316,584
Muyuan
Foods
Co
Ltd
$
1,903,572‌
119,094
Nanjing
King-Friend
Biochemical
Pharmaceutical
Co
Ltd
224,741‌
191,000
Nanjing
Securities
Co
Ltd
215,665‌
415,827
NARI
Technology
Co
Ltd
1,344,869‌
134,469
(a)
National
Silicon
Industry
Group
Co
Ltd
245,393‌
28,700
NAURA
Technology
Group
Co
Ltd
1,256,698‌
1,681,019
NetEase,
Inc
31,510,071‌
104,200
New
China
Life
Insurance
Co
Ltd
-
A
450,588‌
817,200
New
China
Life
insurance
Co
Ltd
-
H
1,567,192‌
264,900
(a)
New
Hope
Liuhe
Co
Ltd
325,668‌
1,281,027
(a)
New
Oriental
Education
&
Technology
Group,
Inc
10,178,991‌
78,600
Ninestar
Corp
273,450‌
21,960
Ningbo
Deye
Technology
Co
Ltd
282,573‌
105,200
Ningbo
Joyson
Electronic
Corp
254,257‌
37,700
(a)
Ningbo
Orient
Wires
&
Cables
Co
Ltd
229,181‌
90,000
Ningbo
Sanxing
Medical
Electric
Co
Ltd
418,836‌
95,200
Ningbo
Shanshan
Co
Ltd
155,199‌
47,800
Ningbo
Tuopu
Group
Co
Ltd
411,300‌
361,400
Ningxia
Baofeng
Energy
Group
Co
Ltd
826,085‌
1,159,734
(a)
NIO,
Inc
(ADR)
5,473,944‌
1,793,300
(b)
Nongfu
Spring
Co
Ltd
10,535,492‌
499,400
(a)
Offcn
Education
Technology
Co
Ltd
182,316‌
207,326
Offshore
Oil
Engineering
Co
Ltd
181,680‌
208,900
(a)
OFILM
Group
Co
Ltd
253,859‌
27,740
Oppein
Home
Group,
Inc
238,194‌
295,680
Orient
Securities
Co
Ltd
339,696‌
293,000
Oriental
Pearl
Group
Co
Ltd
278,465‌
384,500
(a)
Pangang
Group
Vanadium
Titanium
&
Resources
Co
Ltd
164,436‌
518,517
(a)
PDD
Holdings,
Inc
(ADR)
64,907,958‌
68,500
People.cn
Co
Ltd
233,426‌
9,474,220
People's
Insurance
Co
Group
of
China
Ltd
3,109,675‌
619,700
People's
Insurance
Co
Group
of
China
Ltd
(Class
A)
447,162‌
96,150
Perfect
World
Co
Ltd
132,376‌
151,700
Pharmaron
Beijing
Co
Ltd
-
A
410,798‌
6,118,306
PICC
Property
&
Casualty
Co
Ltd
7,601,276‌
980,700
Ping
An
Bank
Co
Ltd
1,457,571‌
5,945,192
Ping
An
Insurance
Group
Co
of
China
Ltd
26,944,083‌
582,500
Ping
An
Insurance
Group
Co
of
China
Ltd
(Class
A)
3,311,073‌
9,150
Piotech,
Inc
227,541‌
706,700
Poly
Developments
and
Holdings
Group
Co
Ltd
867,056‌
437,275
(b)
Pop
Mart
International
Group
Ltd
1,871,287‌
1,587,078
Postal
Savings
Bank
of
China
Co
Ltd
-
A
1,050,263‌
7,866,000
(b)
Postal
Savings
Bank
of
China
Co
Ltd
-
H
4,075,789‌
856,300
Power
Construction
Corp
of
China
Ltd
599,138‌
27,608
(a)
Qi
An
Xin
Technology
Group,
Inc
117,352‌
264,300
(a)
Qinghai
Salt
Lake
Industry
Co
Ltd
603,745‌
74,200
Range
Intelligent
Computing
Technology
Group
Co
Ltd
319,372‌
55,800
Risen
Energy
Co
Ltd
99,672‌
15,200
Rockchip
Electronics
Co
Ltd
120,216‌
593,400
Rongsheng
Petrochemical
Co
Ltd
916,498‌
456,300
SAIC
Motor
Corp
Ltd
934,284‌
173,200
Sailun
Group
Co
Ltd
395,833‌
254,100
Sanan
Optoelectronics
Co
Ltd
437,837‌
20,500
Sangfor
Technologies,
Inc
154,423‌
1,126,000
Sany
Heavy
Equipment
International
Holdings
Co
Ltd
791,219‌
383,400
Sany
Heavy
Industry
Co
Ltd
861,484‌
268,691
Satellite
Chemical
Co
Ltd
713,614‌
290,100
SDIC
Capital
Co
Ltd
255,613‌
411,400
SDIC
Power
Holdings
Co
Ltd
910,687‌
110,800
Seazen
Holdings
Co
Ltd
150,087‌
83,900
(a)
Seres
Group
Co
Ltd
1,045,693‌
254,900
SF
Holding
Co
Ltd
1,271,425‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
138
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
17,647
SG
Micro
Corp
$
186,374‌
625,571
Shaanxi
Coal
Industry
Co
Ltd
2,118,565‌
272,850
Shan
XI
Hua
Yang
Group
New
Energy
Co
Ltd
355,605‌
200,845
Shandong
Gold
Mining
Co
Ltd
-
A
794,129‌
715,624
(b)
Shandong
Gold
Mining
Co
Ltd
-
H
1,546,323‌
30,000
Shandong
Himile
Mechanical
Science
&
Technology
Co
Ltd
164,606‌
117,100
Shandong
Hualu
Hengsheng
Chemical
Co
Ltd
480,634‌
44,800
Shandong
Linglong
Tyre
Co
Ltd
138,038‌
673,600
Shandong
Nanshan
Aluminum
Co
Ltd
331,903‌
104,900
Shandong
Sun
Paper
Industry
JSC
Ltd
225,206‌
2,083,390
Shandong
Weigao
Group
Medical
Polymer
Co
Ltd
1,422,182‌
77,560
Shanghai
Aiko
Solar
Energy
Co
Ltd
127,836‌
65,780
Shanghai
Bairun
Investment
Holding
Group
Co
Ltd
184,674‌
75,348
Shanghai
Baosight
Software
Co
Ltd
425,660‌
523,302
Shanghai
Baosight
Software
Co
Ltd
1,117,919‌
421,400
Shanghai
Construction
Group
Co
Ltd
139,273‌
707,900
Shanghai
Electric
Group
Co
Ltd
420,149‌
357,800
Shanghai
Electric
Power
Co
Ltd
452,904‌
123,800
Shanghai
Fosun
Pharmaceutical
Group
Co
Ltd
-
A
404,133‌
462,485
Shanghai
Fosun
Pharmaceutical
Group
Co
Ltd
-
H
726,038‌
7,934
Shanghai
Friendess
Electronic
Technology
Corp
Ltd
354,798‌
72,400
Shanghai
International
Airport
Co
Ltd
375,537‌
451,300
Shanghai
International
Port
Group
Co
Ltd
349,550‌
56,400
Shanghai
Jinjiang
International
Hotels
Development
Co
Ltd
224,343‌
41,303
(a)
Shanghai
Junshi
Biosciences
Co
Ltd
171,183‌
26,700
Shanghai
M&G
Stationery,
Inc
130,056‌
22,300
Shanghai
Moons'
Electric
Co
Ltd
171,908‌
137,200
Shanghai
Pharmaceuticals
Holding
Co
Ltd
-
A
339,143‌
656,841
Shanghai
Pharmaceuticals
Holding
Co
Ltd
-
H
933,411‌
1,614,630
Shanghai
Pudong
Development
Bank
Co
Ltd
1,711,606‌
99,383
Shanghai
Putailai
New
Energy
Technology
Co
Ltd
252,784‌
348,100
Shanghai
RAAS
Blood
Products
Co
Ltd
344,245‌
468,600
Shanghai
Rural
Commercial
Bank
Co
Ltd
437,080‌
39,319
Shanghai
United
Imaging
Healthcare
Co
Ltd
719,758‌
228,100
Shanghai
Yuyuan
Tourist
Mart
Group
Co
Ltd
186,404‌
82,900
Shanghai
Zhangjiang
High-Tech
Park
Development
Co
Ltd
210,152‌
125,200
Shanxi
Coal
International
Energy
Group
Co
Ltd
247,204‌
282,100
Shanxi
Lu'an
Environmental
Energy
Development
Co
Ltd
823,530‌
237,700
(a)
Shanxi
Meijin
Energy
Co
Ltd
198,713‌
281,100
Shanxi
Taigang
Stainless
Steel
Co
Ltd
149,594‌
68,720
Shanxi
Xinghuacun
Fen
Wine
Factory
Co
Ltd
2,474,942‌
474,570
Shanxi
Xishan
Coal
&
Electricity
Power
Co
Ltd
686,654‌
16,200
Shede
Spirits
Co
Ltd
162,477‌
672,400
Shenergy
Co
Ltd
788,584‌
69,000
Shengyi
Technology
Co
Ltd
183,987‌
11,760
Shennan
Circuits
Co
Ltd
150,836‌
1,055,300
Shenwan
Hongyuan
Group
Co
Ltd
682,891‌
30,780
Shenzhen
Capchem
Technology
Co
Ltd
142,650‌
387,400
Shenzhen
Energy
Group
Co
Ltd
386,272‌
26,500
Shenzhen
Goodix
Technology
Co
Ltd
223,635‌
60,927
Shenzhen
Inovance
Technology
Co
Ltd
500,609‌
53,020
Shenzhen
Kangtai
Biological
Products
Co
Ltd
147,614‌
8,900
Shenzhen
Kedali
Industry
Co
Ltd
117,151‌
59,100
Shenzhen
Mindray
Bio-Medical
Electronics
Co
Ltd
2,481,461‌
44,500
Shenzhen
New
Industries
Biomedical
Engineering
Co
Ltd
433,711‌
392,100
Shenzhen
Overseas
Chinese
Town
Co
Ltd
142,474‌
47,700
Shenzhen
Salubris
Pharmaceuticals
Co
Ltd
209,541‌
15,400
Shenzhen
SC
New
Energy
Technology
Corp
145,610‌
139
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
54,300
Shenzhen
SED
Industry
Co
Ltd
$
131,898‌
42,478
Shenzhen
Transsion
Holdings
Co
Ltd
844,691‌
38,400
Shenzhen
YUTO
Packaging
Technology
Co
Ltd
141,537‌
727,800
Shenzhou
International
Group
Holdings
Ltd
7,153,696‌
89,680
Shijiazhuang
Yiling
Pharmaceutical
Co
Ltd
232,680‌
267,500
Sichuan
Changhong
Electric
Co
Ltd
204,770‌
251,373
Sichuan
Chuantou
Energy
Co
Ltd
581,440‌
479,100
Sichuan
Hebang
Biotechnology
Co
Ltd
138,701‌
72,700
Sichuan
Kelun
Pharmaceutical
Co
Ltd
340,414‌
444,640
Sichuan
Road
and
Bridge
Group
Co
Ltd
445,162‌
21,100
Sichuan
Swellfun
Co
Ltd
130,838‌
31,900
Sieyuan
Electric
Co
Ltd
286,218‌
282,000
Silergy
Corp
3,745,275‌
208,200
Sinolink
Securities
Co
Ltd
250,623‌
181,700
Sinoma
International
Engineering
Co
317,795‌
70,800
Sinoma
Science
&
Technology
Co
Ltd
151,415‌
29,400
Sinomine
Resource
Group
Co
Ltd
143,781‌
1,164,000
Sinopharm
Group
Co
Ltd
2,939,521‌
626,000
Sinotruk
Hong
Kong
Ltd
1,557,932‌
25,984
Skshu
Paint
Co
Ltd
121,614‌
1,664,000
(b),(c)
Smoore
International
Holdings
Ltd
1,449,202‌
105,560
Songcheng
Performance
Development
Co
Ltd
157,901‌
261,456
SooChow
Securities
Co
Ltd
246,170‌
542,900
Southwest
Securities
Co
Ltd
296,536‌
46,200
Spring
Airlines
Co
Ltd
361,366‌
7,269
StarPower
Semiconductor
Ltd
139,086‌
74,300
Sungrow
Power
Supply
Co
Ltd
1,055,141‌
601,817
Sunny
Optical
Technology
Group
Co
Ltd
2,911,420‌
28,950
Sunresin
New
Materials
Co
Ltd
186,202‌
78,000
Sunwoda
Electronic
Co
Ltd
163,291‌
128,000
Suzhou
Dongshan
Precision
Manufacturing
Co
Ltd
270,581‌
12,544
Suzhou
Maxwell
Technologies
Co
Ltd
198,028‌
23,400
Suzhou
TFC
Optical
Communication
Co
Ltd
512,664‌
394,732
(a)
TAL
Education
Group
(ADR)
4,752,573‌
249,470
TBEA
Co
Ltd
485,753‌
833,690
TCL
Technology
Group
Corp
548,052‌
186,250
TCL
Zhonghuan
Renewable
Energy
Technology
Co
Ltd
267,300‌
5,741,291
Tencent
Holdings
Ltd
251,946,121‌
641,200
(a)
Tencent
Music
Entertainment
Group
(ADR)
8,047,060‌
20,800
Thunder
Software
Technology
Co
Ltd
139,378‌
475,700
Tianfeng
Securities
Co
Ltd
190,875‌
23,300
Tianjin
712
Communication
&
Broadcasting
Co
Ltd
71,032‌
72,100
Tianma
Microelectronics
Co
Ltd
80,522‌
76,200
Tianqi
Lithium
Corp
413,243‌
184,400
(a)
Tianshan
Aluminum
Group
Co
Ltd
191,818‌
86,500
Tianshui
Huatian
Technology
Co
Ltd
97,329‌
1,808,025
Tingyi
Cayman
Islands
Holding
Corp
1,995,511‌
1,088,000
(a)
Tongcheng
Travel
Holdings
Ltd
2,863,484‌
83,500
TongFu
Microelectronics
Co
Ltd
237,794‌
122,000
Tongkun
Group
Co
Ltd
231,445‌
1,080,700
Tongling
Nonferrous
Metals
Group
Co
Ltd
599,204‌
231,892
Tongwei
Co
Ltd
693,026‌
19,100
(a)
Topchoice
Medical
Corp
159,928‌
1,937,000
(b)
Topsports
International
Holdings
Ltd
1,345,197‌
869,661
Travelsky
Technology
Ltd
1,129,718‌
94,675
Trina
Solar
Co
Ltd
277,028‌
478,900
(a)
Trip.com
Group
Ltd
23,325,951‌
193,700
(a)
Tsinghua
Tongfang
Co
Ltd
161,604‌
532,000
Tsingtao
Brewery
Co
Ltd
3,833,806‌
40,300
Tsingtao
Brewery
Co
Ltd
(Class
A)
454,839‌
34,299
Unigroup
Guoxin
Microelectronics
Co
Ltd
274,749‌
166,080
Unisplendour
Corp
Ltd
475,317‌
37,600
Universal
Scientific
Industrial
Shanghai
Co
Ltd
76,522‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
140
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
27,735
(a)
Verisilicon
Microelectronics
Shanghai
Co
Ltd
$
125,445‌
299,797
Vipshop
Holdings
Ltd
(ADR)
4,508,947‌
67,400
Walvax
Biotechnology
Co
Ltd
136,506‌
123,000
(a)
Wanda
Film
Holding
Co
Ltd
248,497‌
158,700
Wanhua
Chemical
Group
Co
Ltd
1,944,177‌
4,063,587
Want
Want
China
Holdings
Ltd
2,321,990‌
1,689,800
Weichai
Power
Co
Ltd
3,452,874‌
356,600
Weichai
Power
Co
Ltd
(Class
A)
855,484‌
41,920
Weihai
Guangwei
Composites
Co
Ltd
150,304‌
322,360
Wens
Foodstuffs
Group
Co
Ltd
853,810‌
118,300
Western
Mining
Co
Ltd
326,192‌
255,800
Western
Securities
Co
Ltd
260,605‌
24,665
Western
Superconducting
Technologies
Co
Ltd
135,050‌
47,790
Will
Semiconductor
Co
Ltd
667,770‌
50,200
Wingtech
Technology
Co
Ltd
217,010‌
1,538,900
(a)
Wintime
Energy
Group
Co
Ltd
286,398‌
221,200
Wuchan
Zhongda
Group
Co
Ltd
143,842‌
125,768
Wuhan
Guide
Infrared
Co
Ltd
121,395‌
209,700
Wuliangye
Yibin
Co
Ltd
4,336,597‌
98,790
(a)
WUS
Printed
Circuit
Kunshan
Co
Ltd
449,269‌
127,404
WuXi
AppTec
Co
Ltd
-
A
765,552‌
317,877
(b)
WuXi
AppTec
Co
Ltd
-
H
1,430,792‌
3,342,801
(a),(b)
Wuxi
Biologics
Cayman,
Inc
5,790,853‌
561,100
XCMG
Construction
Machinery
Co
Ltd
542,991‌
201,636
Xiamen
C
&
D,
Inc
276,401‌
9,000
Xiamen
Faratronic
Co
Ltd
122,187‌
47,100
Xiamen
Tungsten
Co
Ltd
124,193‌
13,421,236
(a),(b)
Xiaomi
Corp
29,257,303‌
74,862
(a)
Xinjiang
Daqo
New
Energy
Co
Ltd
252,292‌
158,100
Xinjiang
Goldwind
Science
&
Technology
Co
Ltd
-
A
165,980‌
4,261,780
Xinyi
Solar
Holdings
Ltd
2,932,385‌
984,989
(a),(c)
XPeng,
Inc
3,993,302‌
1,008,000
(b)
Yadea
Group
Holdings
Ltd
1,939,060‌
20,400
Yangzhou
Yangjie
Electronic
Technology
Co
Ltd
106,573‌
182,600
Yantai
Jereh
Oilfield
Services
Group
Co
Ltd
800,892‌
2,245,696
(c)
Yanzhou
Coal
Mining
Co
Ltd
4,871,748‌
223,350
Yanzhou
Coal
Mining
Co
Ltd
(Class
A)
711,487‌
69,953
Yealink
Network
Technology
Corp
Ltd
340,310‌
69,871
Yifeng
Pharmacy
Chain
Co
Ltd
422,615‌
71,500
Yihai
Kerry
Arawana
Holdings
Co
Ltd
309,165‌
271,320
(a)
Yintai
Gold
Co
Ltd
688,277‌
1,004,900
Yonghui
Superstores
Co
Ltd
336,309‌
23,530
YongXing
Special
Materials
Technology
Co
Ltd
153,644‌
153,999
Yonyou
Network
Technology
Co
Ltd
246,363‌
437,100
Youngor
Group
Co
Ltd
471,415‌
155,000
YTO
Express
Group
Co
Ltd
339,065‌
1,507,694
Yuexiu
Property
Co
Ltd
899,821‌
357,045
Yum
China
Holdings,
Inc
13,035,713‌
191,710
Yunda
Holding
Co
Ltd
207,114‌
165,300
Yunnan
Aluminium
Co
Ltd
326,170‌
80,860
Yunnan
Baiyao
Group
Co
Ltd
637,955‌
11,900
Yunnan
Botanee
Bio-Technology
Group
Co
Ltd
93,621‌
337,400
Yunnan
Chihong
Zinc&Germanium
Co
Ltd
265,980‌
48,700
Yunnan
Energy
New
Material
Co
Ltd
279,172‌
228,500
Yunnan
Tin
Co
Ltd
518,129‌
158,800
Yunnan
Yuntianhua
Co
Ltd
442,706‌
790,300
(a),(c)
Zai
Lab
Ltd
1,270,258‌
76,600
Zangge
Mining
Co
Ltd
303,528‌
26,695
Zhangzhou
Pientzehuang
Pharmaceutical
Co
Ltd
873,815‌
1,131,141
Zhaojin
Mining
Industry
Co
Ltd
1,821,624‌
384,700
(a)
Zhejiang
Century
Huatong
Group
Co
Ltd
248,622‌
349,900
Zhejiang
China
Commodities
City
Group
Co
Ltd
422,335‌
119,716
Zhejiang
Chint
Electrics
Co
Ltd
340,527‌
141
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
CHINA—continued
180,800
Zhejiang
Dahua
Technology
Co
Ltd
$
446,406‌
30,420
Zhejiang
Dingli
Machinery
Co
Ltd
274,837‌
2,111,971
Zhejiang
Expressway
Co
Ltd
1,380,872‌
70,730
Zhejiang
Huahai
Pharmaceutical
Co
Ltd
163,603‌
68,828
Zhejiang
Huayou
Cobalt
Co
Ltd
269,203‌
53,700
Zhejiang
Jingsheng
Mechanical
&
Electrical
Co
Ltd
250,587‌
168,600
Zhejiang
Juhua
Co
Ltd
550,630‌
422,300
(a),(b),(c)
Zhejiang
Leapmotor
Technologies
Ltd
1,451,042‌
198,900
Zhejiang
Longsheng
Group
Co
Ltd
250,818‌
134,164
Zhejiang
NHU
Co
Ltd
354,959‌
90,600
Zhejiang
Sanhua
Intelligent
Controls
Co
Ltd
273,490‌
35,967
Zhejiang
Supcon
Technology
Co
Ltd
235,750‌
26,400
Zhejiang
Supor
Co
Ltd
214,729‌
58,370
Zhejiang
Weiming
Environment
Protection
Co
Ltd
177,010‌
50,700
Zhejiang
Weixing
New
Building
Materials
Co
Ltd
122,737‌
745,100
Zhejiang
Zheneng
Electric
Power
Co
Ltd
641,024‌
225,000
Zhengzhou
Yutong
Bus
Co
Ltd
794,334‌
201,800
Zheshang
Securities
Co
Ltd
313,538‌
621,850
(a),(b)
ZhongAn
Online
P&C
Insurance
Co
Ltd
1,045,903‌
52,500
Zhongji
Innolight
Co
Ltd
1,323,297‌
378,800
Zhongjin
Gold
Corp
Ltd
681,930‌
704,500
Zhongsheng
Group
Holdings
Ltd
1,284,856‌
301,900
Zhongtai
Securities
Co
Ltd
276,804‌
74,192
Zhuzhou
CRRC
Times
Electric
Co
Ltd
487,468‌
472,100
Zhuzhou
CSR
Times
Electric
Co
Ltd
1,692,013‌
4,997,299
Zijin
Mining
Group
Co
Ltd
10,901,465‌
1,118,300
Zijin
Mining
Group
Co
Ltd
(Class
A)
2,692,267‌
328,700
Zoomlion
Heavy
Industry
Science
and
Technology
Co
Ltd
-
A
385,247‌
208,400
ZTE
Corp
818,904‌
664,864
(a)
ZTE
Corp
(Class
H)
1,433,014‌
363,622
ZTO
Express
Cayman,
Inc
(ADR)
7,632,426‌
TOTAL
CHINA
1,644,834,980‌
COLOMBIA
-
0.1%
219,410
BanColombia
S.A.
1,890,405‌
408,966
BanColombia
S.A.
(Preference)
3,346,370‌
384,740
Interconexion
Electrica
S.A.
ESP
1,775,119‌
TOTAL
COLOMBIA
7,011,894‌
CZECH
REPUBLIC
-
0.1%
139,531
CEZ
AS
5,150,449‌
68,763
(a)
Komercni
Banka
AS
2,533,560‌
315,800
(b)
Moneta
Money
Bank
AS
1,273,179‌
TOTAL
CZECH
REPUBLIC
8,957,188‌
EGYPT
-
0.1%
2,350,822
Commercial
International
Bank
3,532,374‌
1,098,082
Eastern
Tobacco
504,914‌
1,085,820
(a)
Egyptian
Financial
Group-Hermes
Holding
335,825‌
TOTAL
EGYPT
4,373,113‌
GREECE
-
0.5%
1,861,709
(a)
Alpha
Services
and
Holdings
S.A.
3,143,714‌
2,122,514
(a)
Eurobank
Ergasias
Services
and
Holdings
S.A.
4,552,948‌
12,741
(a),(d)
FF
Group
136‌
158,231
Hellenic
Telecommunications
Organization
S.A.
2,403,790‌
93,415
JUMBO
S.A.
2,909,028‌
59,871
Motor
Oil
Hellas
Corinth
Refineries
S.A.
1,735,371‌
87,267
Mytilineos
Holdings
S.A.
3,540,432‌
683,892
(a)
National
Bank
of
Greece
S.A.
5,517,665‌
195,224
OPAP
S.A.
3,252,237‌
910,412
(a)
Piraeus
Financial
Holdings
S.A.
3,647,067‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
142
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
GREECE—continued
193,680
(a)
Public
Power
Corp
$
2,311,849‌
TOTAL
GREECE
33,014,237‌
HONG
KONG
-
0.1%
114,406
Orient
Overseas
International
Ltd
1,668,614‌
8,446,331
Sino
Biopharmaceutical
Ltd
2,886,099‌
TOTAL
HONG
KONG
4,554,713‌
HUNGARY
-
0.3%
491,258
MOL
Hungarian
Oil
&
Gas
plc
4,031,562‌
193,935
OTP
Bank
Rt
9,612,511‌
104,989
Richter
Gedeon
Rt
2,673,548‌
TOTAL
HUNGARY
16,317,621‌
INDIA
-
18.1%
45,730
ABB
Ltd
India
3,580,795‌
150,808
Adani
Enterprises
Ltd
5,510,554‌
282,203
(a)
Adani
Green
Energy
Ltd
6,064,157‌
474,950
Adani
Ports
&
Special
Economic
Zone
Ltd
7,524,173‌
697,155
(a)
Adani
Power
Ltd
5,099,563‌
533,689
Ambuja
Cements
Ltd
3,956,497‌
136,283
APL
Apollo
Tubes
Ltd
2,538,187‌
85,778
Apollo
Hospitals
Enterprise
Ltd
6,100,960‌
1,266,368
Ashok
Leyland
Ltd
2,916,344‌
340,085
Asian
Paints
Ltd
11,698,215‌
115,337
Astral
Ltd
2,919,091‌
175,655
(b)
AU
Small
Finance
Bank
Ltd
1,330,881‌
243,302
Aurobindo
Pharma
Ltd
3,357,833‌
142,276
(a),(b)
Avenue
Supermarts
Ltd
7,850,789‌
2,004,573
Axis
Bank
Ltd
27,980,006‌
59,760
Bajaj
Auto
Ltd
6,379,846‌
241,365
Bajaj
Finance
Ltd
20,021,747‌
321,566
Bajaj
Finserv
Ltd
6,211,820‌
20,755
Bajaj
Holdings
&
Investment
Ltd
2,016,141‌
61,563
Balkrishna
Industries
Ltd
1,788,785‌
738,586
(b)
Bandhan
Bank
Ltd
1,662,770‌
991,209
Bank
of
Baroda
3,332,757‌
265,370
Berger
Paints
India
Ltd
1,616,485‌
3,200,050
Bharat
Electronics
Ltd
8,948,528‌
214,102
Bharat
Forge
Ltd
3,257,817‌
939,710
Bharat
Heavy
Electricals
Ltd
3,160,926‌
686,523
Bharat
Petroleum
Corp
Ltd
4,995,541‌
1,946,460
Bharti
Airtel
Ltd
30,809,887‌
93,667
(a)
Britannia
Industries
Ltd
5,353,555‌
527,683
CG
Power
&
Industrial
Solutions
Ltd
3,494,018‌
365,060
Cholamandalam
Investment
and
Finance
Co
Ltd
5,210,926‌
460,027
Cipla
Ltd
7,700,982‌
1,408,060
Coal
India
Ltd
7,655,541‌
115,995
Colgate-Palmolive
India
Ltd
3,925,455‌
216,954
Container
Corp
Of
India
Ltd
2,664,824‌
116,320
Cummins
India
Ltd
4,554,387‌
546,354
Dabur
India
Ltd
3,320,796‌
100,932
Divi's
Laboratories
Ltd
4,832,852‌
661,101
DLF
Ltd
7,043,775‌
101,401
Dr
Reddy's
Laboratories
Ltd
7,524,727‌
115,836
Eicher
Motors
Ltd
6,377,193‌
2,110,508
GAIL
India
Ltd
5,272,298‌
2,089,798
(a)
GMR
Infrastructure
Ltd
2,125,511‌
354,849
Godrej
Consumer
Products
Ltd
5,178,831‌
99,772
(a)
Godrej
Properties
Ltd
3,153,435‌
222,884
Grasim
Industries
Ltd
6,426,446‌
208,982
Havells
India
Ltd
4,159,274‌
818,346
HCL
Technologies
Ltd
13,351,298‌
84,439
(b)
HDFC
Asset
Management
Co
Ltd
3,936,459‌
143
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INDIA—continued
2,469,083
HDFC
Bank
Ltd
$
44,839,985‌
820,882
(b)
HDFC
Life
Insurance
Co
Ltd
5,729,793‌
104,542
Hero
Honda
Motors
Ltd
5,673,711‌
1,158,421
Hindalco
Industries
Ltd
8,909,149‌
188,332
Hindustan
Aeronautics
Ltd
8,887,690‌
718,991
Hindustan
Lever
Ltd
19,202,181‌
507,518
Hindustan
Petroleum
Corp
Ltd
3,010,455‌
4,544,735
ICICI
Bank
Ltd
62,621,667‌
203,545
(b)
ICICI
Lombard
General
Insurance
Co
Ltd
4,160,044‌
304,887
(b)
ICICI
Prudential
Life
Insurance
Co
Ltd
2,087,199‌
3,016,441
(a)
IDFC
First
Bank
Ltd
2,960,457‌
717,839
Indian
Hotels
Co
Ltd
4,946,564‌
2,649,276
Indian
Oil
Corp
Ltd
5,349,901‌
208,818
Indian
Railway
Catering
&
Tourism
Corp
Ltd
2,592,957‌
259,941
Indraprastha
Gas
Ltd
1,458,366‌
240,383
IndusInd
Bank
Ltd
4,358,248‌
60,182
Info
Edge
India
Ltd
4,352,586‌
2,887,232
Infosys
Technologies
Ltd
48,749,516‌
150,420
(a),(b)
InterGlobe
Aviation
Ltd
7,172,617‌
2,696,365
ITC
Ltd
14,059,481‌
318,524
Jindal
Steel
&
Power
Ltd
3,537,537‌
549,517
JSW
Steel
Ltd
5,789,680‌
350,269
Jubilant
Foodworks
Ltd
1,940,518‌
942,727
Kotak
Mahindra
Bank
Ltd
18,322,271‌
592,068
Larsen
&
Toubro
Ltd
25,450,581‌
73,676
(b)
LTIMindtree
Ltd
4,138,078‌
201,369
Lupin
Ltd
3,964,960‌
204,021
(b)
Macrotech
Developers
Ltd
3,022,056‌
800,102
Mahindra
&
Mahindra
Ltd
20,637,740‌
402,469
Marico
Ltd
2,497,622‌
123,957
Maruti
Suzuki
India
Ltd
19,017,383‌
671,697
Max
Healthcare
Institute
Ltd
6,749,846‌
65,320
Mphasis
Ltd
1,804,063‌
2,066
MRF
Ltd
3,288,586‌
95,097
(a)
Muthoot
Finance
Ltd
1,956,109‌
291,468
Nestle
India
Ltd
8,749,137‌
1,007,833
NMDC
Ltd
3,058,444‌
3,806,990
NTPC
Ltd
16,544,923‌
251,449
(a)
One
97
Communications
Ltd
1,120,731‌
4,719
Page
Industries
Ltd
1,964,445‌
85,916
Persistent
Systems
Ltd
3,456,228‌
722,367
Petronet
LNG
Ltd
2,681,283‌
72,217
PI
Industries
Ltd
3,156,249‌
132,375
Pidilite
Industries
Ltd
4,828,283‌
38,375
Polycab
India
Ltd
2,604,150‌
1,310,495
Power
Finance
Corp
Ltd
6,907,948‌
4,163,557
Power
Grid
Corp
of
India
Ltd
15,017,024‌
1,930,644
Punjab
National
Bank
3,256,049‌
1,174,851
REC
Ltd
7,116,888‌
2,651,070
Reliance
Industries
Ltd
93,063,863‌
2,472,752
(a)
Reliance
Strategic
Investments
Ltd
11,135,167‌
2,020,826
Samvardhana
Motherson
International
Ltd
3,164,833‌
244,066
SBI
Cards
&
Payment
Services
Ltd
2,125,466‌
392,645
(b)
SBI
Life
Insurance
Co
Ltd
6,755,217‌
7,222
Shree
Cement
Ltd
2,114,377‌
241,557
Shriram
Finance
Ltd
7,369,925‌
79,394
Siemens
India
Ltd
5,547,141‌
367,553
(b)
Sona
Blw
Precision
Forgings
Ltd
2,747,428‌
126,974
SRF
Ltd
3,977,297‌
1,607,989
State
Bank
of
India
15,883,641‌
830,817
Sun
Pharmaceutical
Industries
Ltd
14,925,760‌
55,011
Supreme
Industries
Ltd
3,331,728‌
7,676,263
(a)
Suzlon
Energy
Ltd
3,803,868‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
144
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
INDIA—continued
98,126
Tata
Communications
Ltd
$
2,030,924‌
791,583
Tata
Consultancy
Services
Ltd
36,127,920‌
499,575
Tata
Consumer
Products
Ltd
6,615,500‌
27,618
Tata
Elxsi
Ltd
2,331,627‌
1,487,344
Tata
Motors
Ltd
17,935,964‌
1,306,863
Tata
Power
Co
Ltd
7,013,613‌
6,355,090
Tata
Steel
Ltd
12,527,039‌
470,349
Tech
Mahindra
Ltd
7,085,198‌
300,255
Titan
Co
Ltd
12,883,136‌
90,276
Torrent
Pharmaceuticals
Ltd
2,851,758‌
157,058
Trent
Ltd
8,290,286‌
90,570
Tube
Investments
of
India
Ltd
4,062,842‌
202,674
TVS
Motor
Co
Ltd
4,990,321‌
100,619
Ultra
Tech
Cement
Ltd
12,000,258‌
1,283,705
Union
Bank
of
India
2,366,241‌
245,378
United
Spirits
Ltd
3,451,901‌
383,500
UPL
Ltd
2,327,468‌
389,737
Varun
Beverages
Ltd
6,894,368‌
996,657
Vedanta
Ltd
4,756,705‌
1,151,850
Wipro
Ltd
6,343,375‌
10,853,362
(a)
Yes
Bank
Ltd
3,394,556‌
5,436,262
(a)
Zomato
Ltd
12,546,495‌
TOTAL
INDIA
1,124,368,263‌
INDONESIA
-
1.7%
13,847,354
Adaro
Energy
Indonesia
Tbk
PT
2,301,398‌
6,065,100
(a)
Amman
Mineral
Internasional
PT
3,611,525‌
16,886,854
Astra
International
Tbk
PT
5,328,737‌
49,011,129
Bank
Central
Asia
Tbk
PT
29,469,620‌
12,079,318
Bank
Negara
Indonesia
Persero
Tbk
PT
3,886,362‌
58,528,650
Bank
Rakyat
Indonesia
17,716,828‌
24,552,776
Barito
Pacific
Tbk
PT
1,534,366‌
5,864,500
Charoen
Pokphand
Indonesia
Tbk
PT
1,785,318‌
700,080,776
(a)
GoTo
Gojek
Tokopedia
Tbk
PT
2,692,702‌
2,279,005
Indah
Kiat
Pulp
&
Paper
Tbk
PT
1,311,697‌
2,207,641
Indofood
CBP
Sukses
Makmur
Tbk
PT
1,475,628‌
18,359,800
Kalbe
Farma
Tbk
PT
1,642,897‌
7,645,228
(a)
Merdeka
Copper
Gold
Tbk
PT
1,231,311‌
6,042,700
PT
Aneka
Tambang
Tbk
607,412‌
32,082,678
PT
Bank
Mandiri
Persero
Tbk
13,560,603‌
3,949,170
PT
Indofood
Sukses
Makmur
Tbk
1,517,977‌
2,846,604
PT
Semen
Gresik
Persero
Tbk
816,537‌
6,321,845
PT
Unilever
Indonesia
Tbk
1,018,119‌
1,689,173
PT
United
Tractors
Tbk
2,574,460‌
16,603,000
Sarana
Menara
Nusantara
Tbk
PT
820,309‌
17,859,200
Sumber
Alfaria
Trijaya
Tbk
PT
3,218,171‌
42,335,683
Telkom
Indonesia
Persero
Tbk
PT
8,207,126‌
TOTAL
INDONESIA
106,329,103‌
KOREA,
REPUBLIC
OF
-
12.0%
24,248
Amorepacific
Corp
2,955,473‌
15,920
(a)
Celltrion
Pharm
Inc
1,098,980‌
131,378
Celltrion,
Inc
17,839,076‌
6,737
CJ
CheilJedang
Corp
1,632,961‌
20,619
(a)
CosmoAM&T
Co
Ltd
2,226,820‌
46,371
Coway
Co
Ltd
1,857,921‌
58,644
Daewoo
International
Corp
1,934,169‌
76,981
(a)
Daewoo
Shipbuilding
&
Marine
Engineering
Co
Ltd
1,772,597‌
39,710
Dongbu
Insurance
Co
Ltd
2,785,452‌
46,686
Doosan
Bobcat,
Inc
1,744,885‌
394,965
(a)
Doosan
Heavy
Industries
and
Construction
Co
Ltd
4,768,956‌
42,571
Ecopro
BM
Co
Ltd
7,236,419‌
87,140
Ecopro
Co
Ltd
6,586,855‌
11,826
(a)
Ecopro
Materials
Co
Ltd
979,543‌
145
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
KOREA,
REPUBLIC
OF—continued
49,513
GS
Holdings
Corp
$
1,600,841‌
252,802
Hana
Financial
Group,
Inc
10,662,381‌
21,252
Hanjin
Kal
Corp
912,097‌
62,136
Hankook
Tire
&
Technology
Co
Ltd
2,636,571‌
5,885
Hanmi
Pharm
Co
Ltd
1,340,620‌
37,598
Hanmi
Semiconductor
Co
Ltd
3,580,331‌
170,271
Hanon
Systems
681,911‌
93,985
Hanwha
Chemical
Corp
1,710,547‌
39,907
HD
Hyundai
Co
Ltd
1,932,016‌
18,360
(a)
HD
Hyundai
Heavy
Industries
Co
Ltd
1,815,806‌
101,128
(a)
HLB,
Inc
8,080,130‌
205,120
HMM
Co
Ltd
2,341,881‌
17,122
Honam
Petrochemical
Corp
1,323,143‌
17,265
HYBE
Co
Ltd
2,504,398‌
476,060
Hynix
Semiconductor,
Inc
58,748,467‌
63,742
Hyundai
Engineering
&
Construction
Co
Ltd
1,623,839‌
15,710
Hyundai
Glovis
Co
Ltd
2,056,599‌
38,352
(a)
Hyundai
Heavy
Industries
3,621,060‌
51,307
Hyundai
Mobis
8,393,789‌
119,867
Hyundai
Motor
Co
21,561,183‌
31,174
Hyundai
Motor
Co
Ltd
(2nd
Preference)
3,562,183‌
19,314
Hyundai
Motor
Co
Ltd
(Preference)
2,197,740‌
73,347
Hyundai
Steel
Co
1,703,184‌
231,115
Industrial
Bank
of
Korea
2,323,521‌
269,881
Kakao
Corp
9,372,662‌
150,603
KakaoBank
Corp
2,701,190‌
24,813
(a)
Kakaopay
Corp
625,324‌
71,780
Kangwon
Land,
Inc
793,179‌
335,354
KB
Financial
Group,
Inc
18,188,557‌
228,274
Kia
Motors
Corp
19,339,959‌
64,207
Korea
Aerospace
Industries
Ltd
2,390,751‌
233,102
Korea
Electric
Power
Corp
3,558,595‌
32,973
Korea
Investment
Holdings
Co
Ltd
1,593,701‌
6,987
Korea
Zinc
Co
Ltd
2,327,468‌
139,602
Korean
Air
Lines
Co
Ltd
2,105,221‌
24,036
(a),(b)
Krafton,
Inc
4,136,754‌
58,266
KT
Corp
1,456,764‌
86,273
KT&G
Corp
5,559,069‌
30,941
(a)
Kum
Yang
Co
Ltd
2,076,079‌
15,493
Kumho
Petrochemical
Co
Ltd
1,540,971‌
20,971
L&F
Co
Ltd
2,453,187‌
42,517
LG
Chem
Ltd
12,217,183‌
6,570
LG
Chem
Ltd
(Preference)
1,260,925‌
82,499
LG
Corp
4,707,222‌
328,800
LG
Display
Co
Ltd
2,488,703‌
89,998
LG
Electronics,
Inc
5,994,052‌
40,398
(a)
LG
Energy
Solution
Ltd
11,239,480‌
7,496
LG
Household
&
Health
Care
Ltd
2,258,604‌
11,674
LG
Innotek
Co
Ltd
1,855,614‌
201,578
LG
Telecom
Ltd
1,431,707‌
90,163
Meritz
Financial
Group,
Inc
5,155,288‌
220,204
Mirae
Asset
Daewoo
Co
Ltd
1,200,130‌
112,511
Naver
Corp
14,840,137‌
11,325
NCSoft
Corp
1,430,917‌
23,545
(b)
Netmarble
Corp
942,732‌
19,349
Orion
Corp/Republic
of
Korea
1,294,909‌
61,877
POSCO
17,862,703‌
44,819
POSCO
DX
Co
Ltd
1,302,467‌
26,203
POSCO
Future
M
Co
Ltd
5,271,454‌
16,044
(a),(b)
Samsung
Biologics
Co
Ltd
9,017,646‌
71,604
Samsung
C&T
Corp
7,721,295‌
46,079
Samsung
Electro-Mechanics
Co
Ltd
5,139,811‌
4,148,987
Samsung
Electronics
Co
Ltd
230,628,239‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
146
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
KOREA,
REPUBLIC
OF—continued
726,266
Samsung
Electronics
Co
Ltd
(Preference)
$
33,910,156‌
125,322
(a)
Samsung
Engineering
Co
Ltd
2,376,019‌
27,624
Samsung
Fire
&
Marine
Insurance
Co
Ltd
6,182,957‌
582,551
(a)
Samsung
Heavy
Industries
Co
Ltd
3,947,043‌
68,371
Samsung
Life
Insurance
Co
Ltd
4,308,252‌
47,210
Samsung
SDI
Co
Ltd
14,610,027‌
31,786
Samsung
SDS
Co
Ltd
3,651,554‌
46,483
Samsung
Securities
Co
Ltd
1,271,584‌
31,961
Samsung
Techwin
Co
Ltd
4,854,764‌
375,888
Shinhan
Financial
Group
Co
Ltd
12,628,815‌
25,723
(a)
SK
Biopharmaceuticals
Co
Ltd
1,618,232‌
21,845
(a)
SK
Bioscience
Co
Ltd
920,068‌
24,945
(a),(b)
SK
IE
Technology
Co
Ltd
1,055,796‌
55,760
(a)
SK
Innovation
Co
Ltd
4,423,519‌
85,523
(a)
SK
Square
Co
Ltd
4,698,843‌
49,598
SK
Telecom
Co
Ltd
1,834,223‌
31,422
SK,
Inc
3,744,322‌
15,683
SKC
Co
Ltd
1,239,545‌
44,524
S-Oil
Corp
2,324,578‌
504,934
Woori
Financial
Group,
Inc
5,174,428‌
107,349
Woori
Investment
&
Securities
Co
Ltd
964,915‌
47,402
Yuhan
Corp
2,465,730‌
TOTAL
KOREA,
REPUBLIC
OF
746,020,364‌
KUWAIT
-
0.8%
2,927,862
(a),(d),(e)
Agility
Global
PLC
71,244‌
1,463,931
Agility
Public
Warehousing
Co
KSC
1,497,403‌
1,157,323
Boubyan
Bank
KSCP
2,207,919‌
1,897,405
Gulf
Bank
KSCP
1,585,130‌
8,124,628
Kuwait
Finance
House
KSCP
18,952,941‌
628,464
Mabanee
Co
SAK
1,607,853‌
1,797,822
Mobile
Telecommunications
Co
KSCP
2,841,276‌
6,851,387
National
Bank
of
Kuwait
SAKP
19,201,195‌
TOTAL
KUWAIT
47,964,961‌
LUXEMBOURG
-
0.0%
112,681
Reinet
Investments
S.C.A
2,648,127‌
TOTAL
LUXEMBOURG
2,648,127‌
MALAYSIA
-
1.4%
1,987,333
AMMB
Holdings
BHD
1,746,909‌
2,323,074
Axiata
Group
Bhd
1,375,562‌
5,517,552
Bumiputra-Commerce
Holdings
BHD
7,625,419‌
2,906,039
Digi.Com
BHD
2,522,500‌
1,607,838
Gamuda
BHD
1,788,920‌
1,891,775
Genting
BHD
1,788,071‌
2,597,900
Genting
Malaysia
BHD
1,433,067‌
471,987
Hong
Leong
Bank
BHD
1,906,090‌
1,873,470
IHH
Healthcare
Bhd
2,484,875‌
2,115,100
Inari
Amertron
Bhd
1,363,698‌
2,128,700
IOI
Corp
BHD
1,811,973‌
404,039
Kuala
Lumpur
Kepong
BHD
1,951,629‌
4,740,949
Malayan
Banking
BHD
9,660,465‌
781,734
Malaysia
Airports
Holdings
Bhd
1,636,095‌
1,962,800
Maxis
Bhd
1,507,601‌
1,461,300
MISC
Bhd
2,437,286‌
2,369,287
(b)
MR
DIY
Group
M
Bhd
774,455‌
59,900
Nestle
Malaysia
Bhd
1,594,638‌
2,582,400
Petronas
Chemicals
Group
Bhd
3,668,658‌
317,100
Petronas
Dagangan
BHD
1,441,817‌
934,800
Petronas
Gas
BHD
3,525,699‌
479,059
PPB
Group
BHD
1,579,966‌
2,982,824
Press
Metal
Aluminium
Holdings
Bhd
3,356,263‌
12,406,215
Public
Bank
Bhd
10,700,451‌
147
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MALAYSIA—continued
1,150,250
QL
Resources
Bhd
$
1,544,697‌
1,208,647
RHB
Capital
BHD
1,391,278‌
2,026,165
Sime
Darby
BHD
1,186,204‌
1,731,665
Sime
Darby
Plantation
Bhd
1,617,130‌
1,018,951
Telekom
Malaysia
BHD
1,321,594‌
2,368,558
Tenaga
Nasional
BHD
5,935,663‌
2,918,900
YTL
Corp
BHD
1,887,203‌
2,150,600
YTL
Power
International
BHD
2,061,665‌
TOTAL
MALAYSIA
86,627,541‌
MEXICO
-
2.7%
2,592,800
Alfa
S.A.
de
C.V.
(Class
A)
1,907,055‌
16,218,841
America
Movil
SAB
de
C.V.
15,441,781‌
424,657
Arca
Continental
SAB
de
C.V.
4,142,765‌
666,649
(b)
Banco
del
Bajio
S.A.
2,457,893‌
13,518,097
(a)
Cemex
S.A.
de
C.V.
10,708,263‌
451,310
Coca-Cola
Femsa
SAB
de
C.V.
4,477,337‌
2,389,200
Fibra
Uno
Administracion
S.A.
de
C.V.
3,429,530‌
1,671,777
Fomento
Economico
Mexicano
S.A.
de
C.V.
19,557,861‌
158,540
Gruma
SAB
de
C.V.
3,113,837‌
236,300
Grupo
Aeroportuario
del
Centro
Norte
Sab
de
C.V.
2,616,153‌
329,630
Grupo
Aeroportuario
del
Pacifico
S.A.
de
C.V.
(B
Shares)
6,003,891‌
162,336
Grupo
Aeroportuario
del
Sureste
S.A.
de
C.V.
(Class
B)
5,576,324‌
1,105,289
(c)
Grupo
Bimbo
S.A.
de
C.V.
(Series
A)
4,631,300‌
560,652
(c)
Grupo
Carso
S.A.
de
C.V.
(Series
A1)
4,409,418‌
2,228,528
Grupo
Financiero
Banorte
S.A.
de
C.V.
22,056,648‌
1,598,144
(a),(c)
Grupo
Financiero
Inbursa
S.A.
4,428,522‌
2,679,332
Grupo
Mexico
S.A.
de
C.V.
(Series
B)
16,555,451‌
164,904
(a)
Industrias
Penoles
S.A.
de
C.V.
2,393,169‌
1,233,595
Kimberly-Clark
de
Mexico
S.A.
de
C.V.
(Class
A)
2,567,897‌
1,218,700
Operadora
De
Sites
Mexicanos
SAB
de
C.V.
1,371,600‌
885,023
Orbia
Advance
Corp
SAB
de
C.V.
1,453,792‌
675,257
ProLogis
Property
Mexico
S.A.
de
C.V.
2,663,069‌
155,580
Promotora
y
Operadora
de
Infraestructura
SAB
de
C.V.
1,562,907‌
73,604
Southern
Copper
Corp
8,587,379‌
4,648,189
Wal-Mart
de
Mexico
SAB
de
C.V.
17,343,796‌
TOTAL
MEXICO
169,457,638‌
PERU
-
0.2%
176,422
Cia
de
Minas
Buenaventura
S.A.
(ADR)
(Series
B)
3,052,101‌
58,514
Credicorp
Ltd
9,690,503‌
TOTAL
PERU
12,742,604‌
PHILIPPINES
-
0.6%
1,436,254
Aboitiz
Equity
Ventures,
Inc
1,044,214‌
239,103
Ayala
Corp
2,545,476‌
5,809,293
Ayala
Land,
Inc
2,879,787‌
1,645,763
Bank
of
the
Philippine
Islands
3,632,339‌
2,045,737
BDO
Unibank,
Inc
5,248,158‌
904,613
International
Container
Term
Services,
Inc
5,183,221‌
2,164,956
JG
Summit
Holdings
(Series
B)
1,264,829‌
370,730
Jollibee
Foods
Corp
1,507,410‌
266,441
Manila
Electric
Co
1,701,909‌
1,622,680
Metropolitan
Bank
&
Trust
1,963,435‌
77,140
PLDT,
Inc
1,796,462‌
214,045
SM
Investments
Corp
3,519,959‌
8,929,468
SM
Prime
Holdings
4,320,324‌
763,937
Universal
Robina
Corp
1,364,728‌
TOTAL
PHILIPPINES
37,972,251‌
POLAND
-
1.0%
503,412
(a),(b)
Allegro.eu
S.A.
4,196,496‌
155,356
Bank
Pekao
S.A.
6,431,784‌
28,913
Bank
Zachodni
WBK
S.A.
3,962,034‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
148
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
POLAND—continued
13,899
(a)
BRE
Bank
S.A.
$
2,334,179‌
11,223
Budimex
S.A.
1,898,517‌
52,720
CD
Projekt
S.A.
1,533,747‌
40,127
(a),(b)
Dino
Polska
S.A.
3,844,268‌
116,568
KGHM
Polska
Miedz
S.A.
4,007,566‌
921
LPP
S.A.
3,548,789‌
804,538
(a)
PGE
Polska
Grupa
Energetyczna
S.A.
1,199,159‌
565,245
Polski
Koncern
Naftowy
Orlen
S.A.
9,215,971‌
762,556
Powszechna
Kasa
Oszczednosci
Bank
Polski
S.A.
11,321,763‌
531,573
Powszechny
Zaklad
Ubezpieczen
S.A.
6,690,318‌
TOTAL
POLAND
60,184,591‌
QATAR
-
0.8%
1,651,734
Barwa
Real
Estate
Co
1,272,816‌
2,740,225
Commercial
Bank
PSQC
3,125,557‌
1,655,601
Dukhan
Bank
1,751,090‌
1,367,133
Industries
Qatar
QSC
4,586,707‌
4,928,843
Masraf
Al
Rayan
QSC
3,400,509‌
4,931,512
Mesaieed
Petrochemical
Holding
Co
2,599,423‌
708,702
Ooredoo
QPSC
1,944,502‌
386,003
Qatar
Electricity
&
Water
Co
QSC
1,619,313‌
563,129
Qatar
Fuel
QSC
2,236,431‌
2,399,308
Qatar
Gas
Transport
Co
Ltd
2,630,125‌
815,095
Qatar
International
Islamic
Bank
QSC
2,252,089‌
1,564,096
Qatar
Islamic
Bank
SAQ
7,854,765‌
3,959,631
Qatar
National
Bank
QPSC
15,075,448‌
TOTAL
QATAR
50,348,775‌
ROMANIA
-
0.1%
470,646
NEPI
Rockcastle
NV
3,175,774‌
TOTAL
ROMANIA
3,175,774‌
RUSSIA
-
0.0%
35,937
(a),(c),(d)
Ozon
Holdings
plc
(ADR)
359‌
911,463
(a),(d)
VTB
Bank
PJSC
(GDR)
Equiduct
9,115‌
281,650
(a),(d)
VTB
Bank
PJSC
(GDR)
Tradegate
2,816‌
TOTAL
RUSSIA
12,290‌
SAUDI
ARABIA
-
4.2%
82,044
ACWA
Power
Co
8,723,850‌
381,920
(a)
Ades
Holding
Co
2,034,544‌
101,032
Advanced
Petrochemical
Co
1,151,880‌
1,695,191
Al
Rajhi
Bank
36,055,455‌
1,048,096
Alinma
Bank
9,297,162‌
216,692
Almarai
Co
JSC
3,281,636‌
558,704
Arab
National
Bank
4,592,186‌
20,234
Arabian
Internet
&
Communications
Services
Co
1,871,221‌
507,291
Bank
AlBilad
4,821,989‌
412,240
(a)
Bank
Al-Jazira
1,777,168‌
485,694
Banque
Saudi
Fransi
4,739,355‌
73,195
Bupa
Arabia
for
Cooperative
Insurance
Co
4,707,149‌
62,267
Co
for
Cooperative
Insurance
2,471,226‌
29,669
Dallah
Healthcare
Co
1,295,020‌
450,844
(a)
Dar
Al
Arkan
Real
Estate
Development
Co
1,596,168‌
74,879
Dr
Sulaiman
Al
Habib
Medical
Services
Group
Co
6,191,573‌
21,147
Elm
Co
5,147,479‌
326,545
Etihad
Etisalat
Co
4,527,366‌
486,768
Jarir
Marketing
Co
1,754,573‌
448,748
Mobile
Telecommunications
Co
Saudi
Arabia
1,445,336‌
89,793
Mouwasat
Medical
Services
Co
3,217,666‌
35,387
Nahdi
Medical
Co
1,302,768‌
66,032
Power
&
Water
Utility
Co
for
Jubail
&
Yanbu
1,139,183‌
1,236,283
Riyad
Bank
9,115,639‌
220,840
SABIC
Agri-Nutrients
Co
6,805,275‌
301,080
Sahara
International
Petrochemical
Co
2,751,802‌
149
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SAUDI
ARABIA—continued
1,131,070
(a)
Saudi
Arabian
Mining
Co
$
15,247,133‌
2,492,750
(b)
Saudi
Arabian
Oil
Co
19,973,684‌
41,379
Saudi
Aramco
Base
Oil
Co
1,666,995‌
857,515
Saudi
Awwal
Bank
9,305,668‌
809,772
Saudi
Basic
Industries
Corp
18,244,418‌
715,470
Saudi
Electricity
Co
3,544,687‌
318,734
Saudi
Industrial
Investment
Group
1,967,764‌
422,381
Saudi
Investment
Bank
1,897,303‌
657,406
(a)
Saudi
Kayan
Petrochemical
Co
1,642,376‌
2,543,777
Saudi
National
Bank
25,464,368‌
30,417
(a)
Saudi
Research
&
Media
Group
1,944,375‌
43,636
Saudi
Tadawul
Group
Holding
Co
3,079,768‌
1,735,145
Saudi
Telecom
Co
17,410,927‌
240,106
Savola
Group
3,226,457‌
246,271
Yanbu
National
Petrochemical
Co
2,545,093‌
TOTAL
SAUDI
ARABIA
258,975,685‌
SOUTH
AFRICA
-
2.6%
754,825
(c)
Absa
Group
Ltd
5,833,664‌
55,551
(c)
Anglo
American
Platinum
Ltd
1,935,117‌
335,802
Aspen
Pharmacare
Holdings
Ltd
4,001,345‌
312,167
Bid
Corp
Ltd
7,158,134‌
253,694
(c)
Bidvest
Group
Ltd
3,319,100‌
75,196
Capitec
Bank
Holdings
Ltd
9,306,468‌
197,264
Clicks
Group
Ltd
3,055,502‌
485,285
Discovery
Ltd
3,100,255‌
234,834
Exxaro
Resources
Ltd
2,249,964‌
4,351,316
(c)
FirstRand
Ltd
15,021,394‌
767,613
Gold
Fields
Ltd
12,418,184‌
460,973
Harmony
Gold
Mining
Co
Ltd
3,990,283‌
790,481
(c)
Impala
Platinum
Holdings
Ltd
3,518,868‌
56,545
(c)
Kumba
Iron
Ore
Ltd
1,392,561‌
1,491,822
MTN
Group
Ltd
7,179,610‌
158,260
Naspers
Ltd
30,332,862‌
368,120
(c)
Nedbank
Group
Ltd
4,476,031‌
294,987
Northam
Platinum
Holdings
Ltd
1,961,173‌
4,149,346
Old
Mutual
Ltd
2,429,477‌
665,309
(c)
OUTsurance
Group
Ltd
1,434,102‌
1,584,596
(b)
Pepkor
Holdings
Ltd
1,494,825‌
406,409
Remgro
Ltd
2,654,007‌
1,491,379
Sanlam
Ltd
5,394,885‌
542,491
Sasol
Ltd
3,811,167‌
426,453
Shoprite
Holdings
Ltd
5,689,866‌
2,606,883
Sibanye
Stillwater
Ltd
2,975,366‌
1,159,527
Standard
Bank
Group
Ltd
10,888,844‌
519,027
Vodacom
Group
Ltd
2,494,308‌
764,590
Woolworths
Holdings
Ltd
2,443,519‌
TOTAL
SOUTH
AFRICA
161,960,881‌
TAIWAN
-
17.0%
450,344
Accton
Technology
Corp
6,309,046‌
2,589,380
Acer,
Inc
3,562,866‌
382,665
Advantech
Co
Ltd
4,450,936‌
64,000
Alchip
Technologies
Ltd
6,036,159‌
2,749,011
ASE
Technology
Holding
Co
Ltd
12,366,691‌
1,988,512
Asia
Cement
Corp
2,667,006‌
623,500
Asustek
Computer,
Inc
8,175,795‌
5,559,800
AU
Optronics
Corp
3,108,814‌
538,389
Catcher
Technology
Co
Ltd
3,596,264‌
8,192,889
Cathay
Financial
Holding
Co
Ltd
12,669,109‌
1,324,881
Chailease
Holding
Co
Ltd
6,987,768‌
4,163,309
Chang
Hwa
Commercial
Bank
2,328,000‌
1,797,922
Cheng
Shin
Rubber
Industry
Co
Ltd
2,595,713‌
2,483,035
China
Airlines
1,590,133‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
150
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TAIWAN—continued
13,297,522
China
Development
Financial
Holding
Corp
$
5,558,945‌
9,904,151
China
Steel
Corp
7,545,197‌
15,617,611
Chinatrust
Financial
Holding
Co
16,300,389‌
3,348,763
Chunghwa
Telecom
Co
Ltd
12,728,096‌
3,609,000
Compal
Electronics,
Inc
3,936,548‌
1,667,768
Delta
Electronics,
Inc
16,332,939‌
764,000
E
Ink
Holdings,
Inc
4,884,418‌
12,183,959
E.Sun
Financial
Holding
Co
Ltd
10,238,205‌
144,316
Eclat
Textile
Co
Ltd
2,270,687‌
57,000
eMemory
Technology,
Inc
3,831,114‌
2,186,803
Eva
Airways
Corp
2,377,573‌
851,192
Evergreen
Marine
Corp
Taiwan
Ltd
4,953,654‌
2,794,071
Far
Eastern
Textile
Co
Ltd
2,787,203‌
1,526,589
Far
EasTone
Telecommunications
Co
Ltd
3,786,571‌
452,014
Feng
TAY
Enterprise
Co
Ltd
2,247,468‌
9,445,944
First
Financial
Holding
Co
Ltd
7,918,748‌
2,994,173
Formosa
Chemicals
&
Fibre
Corp
5,089,019‌
1,271,064
Formosa
Petrochemical
Corp
2,808,849‌
3,445,813
Formosa
Plastics
Corp
7,239,432‌
7,045,221
Fubon
Financial
Holding
Co
Ltd
14,904,295‌
8,501,229
Fuhwa
Financial
Holdings
Co
Ltd
7,974,456‌
428,000
Gigabyte
Technology
Co
Ltd
3,859,872‌
81,000
Global
Unichip
Corp
3,364,052‌
187,535
Globalwafers
Co
Ltd
2,979,771‌
10,845,002
Hon
Hai
Precision
Industry
Co,
Ltd
51,625,978‌
251,540
Hotai
Motor
Co
Ltd
4,773,289‌
7,231,026
Hua
Nan
Financial
Holdings
Co
Ltd
5,238,319‌
7,216,282
InnoLux
Display
Corp
3,138,366‌
2,275,340
Inventec
Co
Ltd
3,650,141‌
87,125
Largan
Precision
Co
Ltd
5,807,573‌
1,693,778
Lite-On
Technology
Corp
5,126,693‌
1,331,464
MediaTek,
Inc
40,145,198‌
9,825,754
Mega
Financial
Holding
Co
Ltd
12,040,589‌
609,000
Micro-Star
International
Co
Ltd
2,963,220‌
4,152,271
Nan
Ya
Plastics
Corp
7,210,020‌
180,000
Nan
Ya
Printed
Circuit
Board
Corp
1,024,912‌
1,092,000
Nanya
Technology
Corp
2,204,140‌
156,000
Nien
Made
Enterprise
Co
Ltd
1,823,071‌
503,474
Novatek
Microelectronics
Corp
Ltd
9,513,249‌
1,676,000
Pegatron
Corp
4,998,543‌
221,025
(a)
PharmaEssentia
Corp
1,992,225‌
1,897,512
Pou
Chen
Corp
2,100,300‌
2,560,387
Powerchip
Semiconductor
Manufacturing
Corp
1,788,882‌
520,000
President
Chain
Store
Corp
4,373,005‌
2,321,000
Quanta
Computer,
Inc
18,215,756‌
422,085
Realtek
Semiconductor
Corp
6,658,456‌
1,307,975
Ruentex
Development
Co
Ltd
1,538,945‌
3,262,599
Shanghai
Commercial
&
Savings
Bank
Ltd
4,646,635‌
10,938,684
Shin
Kong
Financial
Holding
Co
Ltd
2,890,640‌
8,697,419
SinoPac
Financial
Holdings
Co
Ltd
5,851,321‌
994,522
Synnex
Technology
International
Corp
2,430,862‌
9,411,413
Taishin
Financial
Holdings
Co
Ltd
5,181,639‌
4,789,648
Taiwan
Business
Bank
2,486,732‌
6,000,039
Taiwan
Cement
Corp
5,897,728‌
8,490,816
Taiwan
Cooperative
Financial
Holding
Co
Ltd
6,823,454‌
1,647,561
Taiwan
High
Speed
Rail
Corp
1,510,515‌
1,589,861
Taiwan
Mobile
Co
Ltd
5,074,212‌
21,361,183
Taiwan
Semiconductor
Manufacturing
Co
Ltd
511,466,919‌
1,217,000
Unimicron
Technology
Corp
6,730,038‌
4,218,908
Uni-President
Enterprises
Corp
9,895,893‌
9,862,103
United
Microelectronics
Corp
15,152,356‌
780,000
Vanguard
International
Semiconductor
Corp
2,043,987‌
57,000
Voltronic
Power
Technology
Corp
2,697,082‌
151
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TAIWAN—continued
2,586,529
Walsin
Lihwa
Corp
$
2,921,646‌
719,460
Wan
Hai
Lines
Ltd
1,117,512‌
2,712,492
Winbond
Electronics
Corp
2,151,171‌
2,300,000
Wistron
Corp
7,875,337‌
85,000
Wiwynn
Corp
6,046,819‌
1,335,660
WPG
Holdings
Ltd
3,607,383‌
282,437
Yageo
Corp
5,387,344‌
1,585,000
Yang
Ming
Marine
Transport
2,534,074‌
562,127
Zhen
Ding
Technology
Holding
Ltd
1,989,688‌
TOTAL
TAIWAN
1,054,723,658‌
THAILAND
-
1.5%
1,050,400
Advanced
Info
Service
PCL
5,580,820‌
3,379,756
Airports
of
Thailand
PCL
5,950,596‌
4,994,500
Asset
World
Corp
PCL
589,604‌
9,151,799
Bangkok
Dusit
Medical
Services
PCL
7,162,994‌
4,624,383
Bangkok
Expressway
&
Metro
PCL
1,032,322‌
5,542,200
BTS
Group
Holdings
PCL
945,259‌
494,800
Bumrungrad
Hospital
PCL
3,265,801‌
1,608,099
Central
Pattana
PCL
2,744,529‌
1,478,707
Central
Retail
Corp
PCL
1,367,744‌
2,775,380
Charoen
Pokphand
Foods
PCL
1,480,232‌
4,901,830
CP
ALL
plc
7,575,836‌
1,713,500
CP
Axtra
PCL
1,494,658‌
2,413,000
Delta
Electronics
Thailand
PCL
4,500,636‌
1,303,803
Energy
Absolute
PCL
1,071,453‌
588,900
Global
Power
Synergy
PCL
772,066‌
2,191,550
Gulf
Energy
Development
PCL
2,367,302‌
4,127,826
Home
Product
Center
PCL
1,152,230‌
1,167,539
Indorama
Ventures
PCL
749,336‌
587,600
Intouch
Holdings
PCL
(Class
F)
1,058,355‌
465,700
Kasikornbank
PCL
(Foreign)
1,634,746‌
2,777,498
Krung
Thai
Bank
PCL
1,256,154‌
605,694
Krungthai
Card
PCL
698,364‌
7,261,552
Land
and
Houses
PCL
1,457,495‌
2,786,178
Minor
International
PCL
2,480,946‌
362,200
Muangthai
Capital
PCL
440,783‌
1,553,141
PTT
Exploration
&
Production
PCL
6,558,731‌
1,806,629
PTT
Global
Chemical
PCL
1,791,517‌
3,009,522
PTT
Oil
&
Retail
Business
PCL
1,511,089‌
9,996,032
PTT
PCL
9,103,240‌
758,401
SCB
X
PCL
2,179,431‌
918,000
SCG
Packaging
PCL
799,178‌
662,860
Siam
Cement
PCL
4,455,455‌
1,184,250
Thai
Oil
PCL
1,725,513‌
19,649,400
TMB
Bank
PCL
(Foreign)
957,485‌
8,462,481
(a)
True
Corp
PCL
1,803,929‌
TOTAL
THAILAND
89,715,829‌
TURKEY
-
0.8%
2,626,647
Akbank
TAS
4,834,584‌
1,301,359
Aselsan
Elektronik
Sanayi
Ve
Ticaret
AS
2,441,084‌
401,144
BIM
Birlesik
Magazalar
AS
4,792,446‌
65,483
(a)
Coca-Cola
Icecek
AS
1,465,905‌
1,314,895
Eregli
Demir
ve
Celik
Fabrikalari
TAS
1,748,254‌
57,620
Ford
Otomotiv
Sanayi
AS
1,981,973‌
900,254
(a)
Haci
Omer
Sabanci
Holding
AS
2,569,891‌
647,240
KOC
Holding
AS
4,518,614‌
39,803
(a)
Pegasus
Hava
Tasimaciligi
AS.
1,267,170‌
1,084,631
(a)
Sasa
Polyester
Sanayi
AS
1,382,487‌
108,263
Tofas
Turk
Otomobil
Fabrik
920,153‌
457,631
(a)
Turk
Hava
Yollari
AO
4,606,514‌
1,015,797
Turkcell
Iletisim
Hizmet
AS
2,534,298‌
7,684,978
Turkiye
Is
Bankasi
(Series
C)
3,253,265‌
Emerging
Markets
Equity
Index
Fund
April
30,
2024
152
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
TURKEY—continued
916,467
Turkiye
Petrol
Rafinerileri
AS
$
5,540,754‌
1,109,329
Turkiye
Sise
ve
Cam
Fabrikalari
AS
1,723,079‌
2,858,097
Yapi
ve
Kredi
Bankasi
2,862,024‌
TOTAL
TURKEY
48,442,495‌
UNITED
ARAB
EMIRATES
-
1.2%
2,576,255
Abu
Dhabi
Commercial
Bank
PJSC
5,849,861‌
1,240,460
Abu
Dhabi
Islamic
Bank
PJSC
3,769,102‌
3,327,931
Abu
Dhabi
National
Oil
Co
for
Distribution
PJSC
3,162,209‌
3,213,154
Aldar
Properties
PJSC
4,776,558‌
2,511,838
(a)
Americana
Restaurants
International
plc
2,277,334‌
2,633,209
Dubai
Islamic
Bank
PJSC
3,986,126‌
5,745,642
(a)
Emaar
Properties
PJSC
12,843,181‌
1,682,466
Emirates
NBD
Bank
PJSC
7,787,286‌
2,979,437
Emirates
Telecommunications
Group
Co
PJSC
13,790,310‌
3,780,246
First
Abu
Dhabi
Bank
PJSC
12,844,747‌
3,338,344
(a)
Multiply
Group
PJSC
2,088,560‌
TOTAL
UNITED
ARAB
EMIRATES
73,175,274‌
UNITED
KINGDOM
-
0.1%
350,972
AngloGold
Ashanti
UK
Ltd
8,071,860‌
133,637
(a),(b)
Pepco
Group
NV
630,066‌
TOTAL
UNITED
KINGDOM
8,701,926‌
UNITED
STATES
-
0.1%
650,265
JBS
S.A.
2,935,372‌
61,860
(a)
Legend
Biotech
Corp
(ADR)
2,705,756‌
65,000
Parade
Technologies
Ltd
1,475,668‌
TOTAL
UNITED
STATES
7,116,796‌
TOTAL
COMMON
STOCKS
6,207,560,692‌
(Cost
$5,334,275,731)
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.1%
CHINA
-
0.0%
15,550
(d)
Kangmei
Pharmaceutical
Co
Ltd
12/31/28
22‌
TOTAL
CHINA
22‌
INDIA
-
0.1%
391,719
Tata
Motors
Ltd
(DVR)
3,195,200‌
TOTAL
INDIA
3,195,200‌
TOTAL
RIGHTS/WARRANTS
3,195,222‌
(Cost
$2,250,849)
TOTAL
LONG-TERM
INVESTMENTS
6,210,775,602‌
(Cost
$5,336,549,236)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.1%
GOVERNMENT
AGENCY
DEBT
-
0.1%
$
5,000,000
Federal
Home
Loan
Bank
(FHLB)
0.000
%
06/18/24
4,964,100‌
TOTAL
GOVERNMENT
AGENCY
DEBT
4,964,100‌
REPURCHASE
AGREEMENT
-
0.8%
48,076,000
(f)
Fixed
Income
Clearing
Corporation
5.310
05/01/24
48,076,000‌
TOTAL
REPURCHASE
AGREEMENT
48,076,000‌
TREASURY
DEBT
-
0.2%
5,000,000
United
States
Treasury
Bill
0.000
05/30/24
4,978,753‌
153
See
Notes
to
Financial
Statements
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted. 
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT—continued
$
10,000,000
United
States
Treasury
Bill
0.000
%
06/11/24
$
9,940,039‌
TOTAL
TREASURY
DEBT
14,918,792‌
TOTAL
SHORT-TERM
INVESTMENTS
67,958,892‌
(Cost
$67,955,051)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.2%
15,352,475
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5.430
(h)
15,352,475‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
15,352,475‌
(Cost
$15,352,475)
TOTAL
INVESTMENTS
-
101.5%
6,294,086,969‌
(Cost
$5,419,856,762)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.5)%
(90,230,237‌)
NET
ASSETS
-
100.0%
$
6,203,856,732‌
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
INR
Indian
Rupee
(a)
Non-income
producing
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$293,098,600
or
4.7%
of
Total
Investments.
(c)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$48,243,925.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
When-issued
or
delayed
delivery
security.
(f)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$48,083,091
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$49,037,598.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
ICE
US
MSCI
Emerging
Markets
EM
Index
Future
613‌
06/21/24
 $
31,663,274‌
$
31,937,300‌
$
274,026‌
International
Equity
Index
Fund
April
30,
2024
Portfolios
of
Investments
154
See
Notes
to
Financial
Statements
(Unaudited)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
LONG-TERM
INVESTMENTS
-
97.9%
COMMON
STOCKS
-
97.9%
AUSTRALIA
-
7.2%
340,578
Ampol
Ltd
$
8,042,338‌
1,875,574
APA
Group
10,008,961‌
830,860
Aristocrat
Leisure
Ltd
21,203,539‌
2,672,926
Aurizon
Holdings
Ltd
6,565,377‌
4,260,385
Australia
&
New
Zealand
Banking
Group
Ltd
76,874,066‌
281,496
Australian
Stock
Exchange
Ltd
11,499,148‌
7,222,135
BHP
Billiton
Ltd
198,075,074‌
654,740
BlueScope
Steel
Ltd
9,556,203‌
1,967,256
Brambles
Ltd
18,507,253‌
501,650
carsales.com
Ltd
10,877,529‌
95,311
Cochlear
Ltd
19,882,634‌
1,925,334
Coles
Group
Ltd
20,079,726‌
2,384,829
Commonwealth
Bank
of
Australia
174,735,314‌
745,697
Computershare
Ltd
13,100,680‌
1,452,279
Dexus
Property
Group
6,596,557‌
207,535
EBOS
Group
Ltd
4,287,486‌
1,970,450
Endeavour
Group
Ltd
6,776,186‌
2,419,017
Fortescue
Metals
Group
Ltd
40,093,860‌
14,715,724
Glencore
plc
85,624,328‌
2,431,463
Goodman
Group
49,114,647‌
2,771,407
GPT
Group
7,453,513‌
368,389
(a)
IDP
Education
Ltd
3,841,151‌
3,367,826
Insurance
Australia
Group
Ltd
13,952,822‌
3,028,643
Lottery
Corp
Ltd
9,447,825‌
520,774
Macquarie
Group
Ltd
62,356,706‌
3,844,819
Medibank
Pvt
Ltd
8,811,781‌
247,118
Mineral
Resources
Ltd
11,209,844‌
5,484,756
Mirvac
Group
7,186,503‌
4,419,143
National
Australia
Bank
Ltd
95,796,060‌
1,631,606
Northern
Star
Resources
Ltd
15,465,561‌
705,334
Orica
Ltd
8,166,876‌
2,403,973
Origin
Energy
Ltd
15,172,471‌
4,261,838
(a)
Pilbara
Minerals
Ltd
10,850,227‌
1,249,490
(b)
Qantas
Airways
Ltd
4,714,206‌
2,115,145
QBE
Insurance
Group
Ltd
24,195,076‌
265,117
Ramsay
Health
Care
Ltd
8,886,780‌
76,280
REA
Group
Ltd
8,743,827‌
337,075
Reece
Ltd
5,979,595‌
534,836
Rio
Tinto
Ltd
44,511,368‌
1,606,690
Rio
Tinto
plc
108,709,810‌
4,683,904
Santos
Ltd
22,985,622‌
7,475,357
Scentre
Group
15,137,970‌
512,062
Seek
Ltd
7,910,242‌
231,801
Seven
Group
Holdings
Ltd
5,632,556‌
621,362
Sonic
Healthcare
Ltd
10,678,525‌
6,398,888
South32
Ltd
14,598,940‌
3,430,181
Stockland
Trust
Group
9,718,102‌
1,825,346
Suncorp-Metway
Ltd
19,495,452‌
5,634,273
Telstra
Corp
Ltd
13,311,604‌
4,350,303
Transurban
Group
34,926,227‌
1,129,833
Treasury
Wine
Estates
Ltd
8,762,087‌
5,537,380
Vicinity
Ltd
6,780,904‌
334,547
Washington
H
Soul
Pattinson
&
Co
Ltd
7,001,263‌
1,645,259
Wesfarmers
Ltd
70,481,624‌
4,960,319
Westpac
Banking
Corp
82,372,761‌
241,709
WiseTech
Global
Ltd
14,239,690‌
2,692,732
Woodside
Energy
Group
Ltd
48,245,691‌
155
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
AUSTRALIA—continued
1,764,435
Woolworths
Ltd
$
36,201,110‌
TOTAL
AUSTRALIA
1,695,433,278‌
AUSTRIA
-
0.2%
496,902
Erste
Bank
der
Oesterreichischen
Sparkassen
AG.
23,173,063‌
621,576
Mondi
plc
11,797,927‌
202,728
OMV
AG.
9,619,728‌
102,118
Verbund
AG.
7,800,912‌
171,858
Voestalpine
AG.
4,589,482‌
TOTAL
AUSTRIA
56,981,112‌
BELGIUM
-
0.8%
228,760
Ageas
S.A.
10,500,440‌
1,230,244
Anheuser-Busch
InBev
S.A.
73,536,332‌
31,009
Dieteren
S.A.
6,689,340‌
44,242
Elia
Group
S.A.
4,259,689‌
125,363
Groupe
Bruxelles
Lambert
S.A.
9,305,693‌
361,937
KBC
Groep
NV
26,886,185‌
542
Lotus
Bakeries
NV
5,454,526‌
22,948
(a)
Sofina
S.A.
5,371,697‌
107,495
(b)
Syensqo
S.A.
9,963,886‌
180,159
(a)
UCB
S.A.
23,890,908‌
286,666
(a)
Umicore
S.A.
6,349,717‌
246,738
Warehouses
De
Pauw
CVA
6,524,829‌
TOTAL
BELGIUM
188,733,242‌
BRAZIL
-
0.0%
237,732
Yara
International
ASA
6,776,585‌
TOTAL
BRAZIL
6,776,585‌
BURKINA
FASO
-
0.0%
267,509
Endeavour
Mining
plc
5,664,000‌
TOTAL
BURKINA
FASO
5,664,000‌
CHILE
-
0.1%
552,300
Antofagasta
plc
15,150,570‌
TOTAL
CHILE
15,150,570‌
CHINA
-
0.5%
5,286,114
BOC
Hong
Kong
Holdings
Ltd
16,202,431‌
2,881,871
(c)
ESR
Group
Ltd
3,158,155‌
2,096,346
Prosus
NV
70,143,647‌
2,001,946
SITC
International
Holdings
Co
Ltd
4,341,407‌
1,498,000
(a)
Wharf
Holdings
Ltd
4,819,600‌
2,793,250
Wilmar
International
Ltd
6,565,737‌
TOTAL
CHINA
105,230,977‌
DENMARK
-
3.6%
4,268
AP
Moller
-
Maersk
AS
(Class
A)
6,052,827‌
5,811
AP
Moller
-
Maersk
AS
(Class
B)
8,420,535‌
141,894
Carlsberg
AS
(Class
B)
19,086,567‌
178,711
Coloplast
A.S.
21,546,310‌
995,008
Danske
Bank
AS
28,643,282‌
150,525
(b)
Demant
A.S.
7,187,864‌
248,178
DSV
AS
35,258,498‌
93,517
(b)
Genmab
AS
25,963,115‌
4,647,828
Novo
Nordisk
A.S.
596,047,661‌
528,599
Novozymes
A.S.
29,272,073‌
272,997
Orsted
AS
15,003,456‌
120,829
Pandora
A.S.
18,390,159‌
13,416
Rockwool
International
AS
(B
Shares)
4,373,464‌
20,158
(b)
Svitzer
A.S.
677,375‌
489,071
Tryg
A.S.
9,679,805‌
1,430,569
Vestas
Wind
Systems
A.S.
38,337,293‌
TOTAL
DENMARK
863,940,284‌
International
Equity
Index
Fund
April
30,
2024
156
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FINLAND
-
1.0%
197,136
Elisa
Oyj
(Series
A)
$
8,888,736‌
648,587
Fortum
Oyj
8,546,686‌
374,713
Kesko
Oyj
(B
Shares)
6,397,242‌
488,931
Kone
Oyj
(Class
B)
23,833,914‌
933,923
Metso
Outotec
Oyj
10,587,979‌
612,826
Neste
Oil
Oyj
13,892,224‌
7,627,497
Nokia
Oyj
27,728,632‌
4,549,462
Nordea
Bank
Abp
53,311,765‌
150,380
Orion
Oyj
(Class
B)
5,743,780‌
640,998
Sampo
Oyj
26,013,889‌
814,116
Stora
Enso
Oyj
(R
Shares)
10,844,535‌
750,456
UPM-Kymmene
Oyj
26,299,816‌
689,430
Wartsila
Oyj
(B
Shares)
12,718,255‌
TOTAL
FINLAND
234,807,453‌
FRANCE
-
10.1%
278,318
Accor
S.A.
12,197,476‌
493,181
(b)
Adevinta
ASA
5,034,588‌
48,521
Aeroports
de
Paris
6,162,882‌
747,318
Air
Liquide
146,159,452‌
843,739
Airbus
SE
138,843,776‌
429,318
Alstom
RGPT
6,769,518‌
85,512
(c)
Amundi
S.A.
5,965,694‌
83,608
Arkema
8,627,236‌
2,596,376
AXA
S.A.
89,708,883‌
57,784
BioMerieux
6,142,668‌
1,481,080
BNP
Paribas
S.A.
106,581,274‌
978,432
Bollore
SE
6,350,752‌
269,573
Bouygues
S.A.
9,935,191‌
452,768
Bureau
Veritas
S.A.
13,205,265‌
221,960
Cap
Gemini
S.A.
46,651,777‌
789,969
Carrefour
S.A.
13,289,826‌
965,072
Cie
Generale
des
Etablissements
Michelin
S.C.A
37,076,758‌
656,018
Compagnie
de
Saint-Gobain
51,879,637‌
1,546,390
Credit
Agricole
S.A.
23,927,654‌
912,170
Danone
57,090,289‌
30,213
Dassault
Aviation
S.A.
6,467,053‌
946,486
Dassault
Systemes
SE
37,151,396‌
353,653
Edenred
16,781,494‌
101,968
Eiffage
S.A.
10,879,826‌
2,600,868
(b)
Engie
S.A.
45,152,653‌
421,005
Essilor
International
S.A.
89,771,576‌
57,498
(b)
Eurazeo
5,179,282‌
72,208
Fonciere
Des
Regions
3,594,234‌
66,380
Gecina
S.A.
6,777,517‌
501,708
Getlink
S.E.
8,540,923‌
45,142
Hermes
International
108,069,507‌
51,382
Ipsen
6,249,917‌
105,550
Kering
36,992,022‌
314,757
Klepierre
8,451,982‌
150,898
(c)
La
Francaise
des
Jeux
SAEM
5,686,553‌
374,002
Legrand
S.A.
38,434,918‌
340,856
L'Oreal
S.A.
159,811,409‌
393,523
LVMH
Moet
Hennessy
Louis
Vuitton
S.A.
323,253,964‌
2,655,416
Orange
S.
A.
29,555,531‌
289,725
Pernod-Ricard
S.A.
43,818,624‌
328,065
Publicis
Groupe
S.A.
36,200,917‌
31,971
Remy
Cointreau
S.A.
3,033,080‌
282,928
Renault
S.A.
14,014,367‌
319,376
Rexel
S.A.
8,278,175‌
487,353
Safran
S.A.
105,673,768‌
42,211
Sartorius
Stedim
Biotech
9,090,856‌
37,382
SEB
S.A.
4,411,983‌
157
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
FRANCE—continued
1,051,383
Societe
Generale
$
28,329,570‌
129,292
Sodexho
Alliance
S.A.
11,257,898‌
84,604
(b)
Teleperformance
7,663,830‌
134,031
Thales
S.A.
22,526,242‌
3,098,982
Total
S.A.
224,982,245‌
168,495
(b)
Unibail-Rodamco-Westfield
14,041,186‌
976,390
Veolia
Environnement
30,353,712‌
710,338
Vinci
S.A.
83,234,641‌
915,482
Vivendi
Universal
S.A.
9,313,831‌
379,719
(b),(c)
Worldline
S.A.
3,938,635‌
TOTAL
FRANCE
2,398,565,913‌
GERMANY
-
8.4%
229,444
Adidas-Salomon
AG.
55,292,128‌
557,876
Allianz
AG.
158,316,858‌
1,273,413
BASF
SE
66,722,450‌
1,394,885
Bayer
AG.
40,689,751‌
477,694
Bayerische
Motoren
Werke
AG.
52,044,423‌
55,829
Bayerische
Motoren
Werke
AG.
(Preference)
5,736,524‌
110,201
Bechtle
AG.
5,318,260‌
144,586
Beiersdorf
AG.
21,731,793‌
192,881
Brenntag
SE
15,392,558‌
58,838
Carl
Zeiss
Meditec
AG.
6,208,164‌
1,518,132
Commerzbank
AG.
22,562,690‌
155,506
Continental
AG.
10,078,544‌
269,255
(c)
Covestro
AG.
13,485,458‌
1,145,881
Daimler
AG.
(Registered)
86,675,455‌
766,495
Daimler
Truck
Holding
AG.
34,566,032‌
2,736,448
Deutsche
Bank
AG.
(Registered)
43,707,955‌
274,805
Deutsche
Boerse
AG.
52,980,187‌
872,726
(b)
Deutsche
Lufthansa
AG.
6,245,776‌
1,404,091
Deutsche
Post
AG.
58,789,188‌
4,621,417
Deutsche
Telekom
AG.
105,856,160‌
163,847
Dr
ING
hc
F
Porsche
AG.
14,586,714‌
3,161,631
E.ON
AG.
41,866,215‌
327,564
Evonik
Industries
AG.
6,826,651‌
289,381
Fresenius
Medical
Care
AG.
12,183,723‌
605,824
Fresenius
SE
18,078,016‌
229,351
(b)
GEA
Group
AG.
9,256,602‌
89,991
Hannover
Rueckversicherung
AG.
22,321,723‌
184,543
HeidelbergCement
AG.
18,571,606‌
156,298
Henkel
KGaA
11,239,160‌
241,140
Henkel
KGaA
(Preference)
19,156,581‌
1,849,930
Infineon
Technologies
AG.
64,198,192‌
107,225
Knorr-Bremse
AG.
7,956,689‌
102,049
LEG
Immobilien
SE
8,662,771‌
181,233
Merck
KGaA
28,798,225‌
77,107
MTU
Aero
Engines
Holding
AG.
18,576,381‌
194,848
Muenchener
Rueckver
AG.
85,695,820‌
79,171
Nemetschek
SE
6,996,282‌
219,777
Porsche
AG.
11,197,964‌
145,501
Puma
AG.
Rudolf
Dassler
Sport
6,717,926‌
7,117
Rational
AG.
6,070,785‌
62,349
Rheinmetall
AG.
34,357,095‌
896,626
RWE
AG.
31,234,445‌
1,485,504
SAP
AG.
268,233,211‌
37,672
Sartorius
AG.
11,262,272‌
110,409
(c)
Scout24
SE
8,110,386‌
1,083,697
Siemens
AG.
203,012,749‌
766,730
(b)
Siemens
Energy
AG.
15,743,611‌
402,160
(c)
Siemens
Healthineers
AG.
22,302,778‌
193,025
Symrise
AG.
20,690,669‌
91,467
Talanx
AG.
6,879,648‌
International
Equity
Index
Fund
April
30,
2024
158
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
GERMANY—continued
75,686
Volkswagen
AG.
$
10,684,825‌
257,189
Volkswagen
AG.
(Preference)
31,506,964‌
1,053,167
Vonovia
SE
30,432,340‌
339,273
(b),(c)
Zalando
SE
8,877,167‌
TOTAL
GERMANY
1,984,686,540‌
HONG
KONG
-
1.7%
16,176,591
AIA
Group
Ltd
118,483,060‌
2,801,113
CK
Asset
Holdings
Ltd
11,948,358‌
935,596
CK
Infrastructure
Holdings
Ltd
5,285,311‌
2,338,174
CLP
Holdings
Ltd
18,392,221‌
82,447
(b)
Futu
Holdings
Ltd
(ADR)
5,302,167‌
3,115,536
Hang
Lung
Properties
Ltd
3,438,653‌
1,055,505
Hang
Seng
Bank
Ltd
13,918,496‌
1,977,386
Henderson
Land
Development
Co
Ltd
5,961,464‌
5,235,025
HKT
Trust
&
HKT
Ltd
5,779,347‌
16,374,041
Hong
Kong
&
China
Gas
Ltd
12,450,036‌
2,034,977
Hong
Kong
Electric
Holdings
Ltd
11,672,935‌
1,709,535
Hong
Kong
Exchanges
and
Clearing
Ltd
54,319,466‌
1,580,829
Hongkong
Land
Holdings
Ltd
5,051,032‌
222,494
Jardine
Matheson
Holdings
Ltd
8,537,095‌
3,621,998
Link
REIT
15,519,508‌
2,030,312
MTR
Corp
6,672,491‌
3,894,979
Prudential
plc
33,875,987‌
5,294,607
Sino
Land
Co
5,660,988‌
2,053,419
Sun
Hung
Kai
Properties
Ltd
18,942,702‌
642,764
Swire
Pacific
Ltd
(Class
A)
5,443,381‌
1,508,490
Swire
Properties
Ltd
3,119,808‌
1,994,998
Techtronic
Industries
Co
27,569,455‌
11,059,880
(c)
WH
Group
Ltd
8,038,763‌
2,306,992
Wharf
Real
Estate
Investment
Co
Ltd
7,157,471‌
TOTAL
HONG
KONG
412,540,195‌
IRELAND
-
0.8%
287,681
(b)
AerCap
Holdings
NV
24,306,168‌
2,201,194
AIB
Group
plc
11,393,760‌
1,510,116
Bank
of
Ireland
Group
plc
16,112,077‌
991,170
CRH
plc
76,756,978‌
232,687
Kerry
Group
plc
(Class
A)
20,024,666‌
220,464
Kingspan
Group
plc
19,609,741‌
372,127
Smurfit
Kappa
Group
plc
16,124,099‌
TOTAL
IRELAND
184,327,489‌
ISRAEL
-
0.6%
61,959
Azrieli
Group
Ltd
3,986,461‌
1,801,975
Bank
Hapoalim
Ltd
16,232,958‌
2,169,884
Bank
Leumi
Le-Israel
16,907,973‌
134,854
(b)
Check
Point
Software
Technologies
20,149,885‌
37,549
Elbit
Systems
Ltd
7,643,387‌
139,614
(b)
Global-e
Online
Ltd
4,681,257‌
1,104,440
Israel
Chemicals
Ltd
5,184,208‌
1,717,389
Israel
Discount
Bank
Ltd
8,808,870‌
220,492
Mizrahi
Tefahot
Bank
Ltd
8,029,046‌
89,615
(b)
Nice
Systems
Ltd
20,038,837‌
1,629,606
(b)
Teva
Pharmaceutical
Industries
Ltd
(ADR)
22,895,964‌
79,625
(b)
Wix.com
Ltd
9,465,024‌
TOTAL
ISRAEL
144,023,870‌
ITALY
-
2.4%
179,984
Amplifon
S.p.A.
6,009,002‌
1,434,002
Assicurazioni
Generali
S.p.A.
34,964,466‌
1,698,102
Banco
BPM
S.p.A.
11,149,126‌
327,437
Coca-Cola
HBC
AG.
10,569,247‌
868,246
Davide
Campari-Milano
NV
8,707,466‌
31,490
(a)
DiaSorin
S.p.A.
3,180,405‌
159
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
ITALY—continued
11,628,304
Enel
S.p.A.
$
76,426,342‌
3,107,928
ENI
S.p.A.
49,918,568‌
178,564
Ferrari
NV
73,438,840‌
850,069
FinecoBank
Banca
Fineco
S.p.A
13,022,855‌
504,668
Infrastrutture
Wireless
Italiane
S.p.A
5,408,493‌
20,987,447
Intesa
Sanpaolo
S.p.A.
78,556,125‌
595,868
Leonardo
S.p.A.
13,694,267‌
722,516
Mediobanca
S.p.A.
10,265,583‌
294,744
Moncler
S.p.A
20,066,811‌
812,300
(b),(c)
Nexi
S.p.A
4,726,089‌
707,829
(c)
Poste
Italiane
S.p.A
8,991,636‌
379,022
Prysmian
S.p.A.
20,565,106‌
144,204
Recordati
S.p.A.
7,673,578‌
2,883,365
Snam
Rete
Gas
S.p.A.
13,192,177‌
12,757,792
(a),(b)
Telecom
Italia
S.p.A.
3,024,559‌
1,979,709
Terna
Rete
Elettrica
Nazionale
S.p.A.
15,861,252‌
2,202,584
(a)
UniCredit
S.p.A
80,844,450‌
TOTAL
ITALY
570,256,443‌
JAPAN
-
22.6%
1,089,972
Advantest
Corp
34,116,836‌
953,117
Aeon
Co
Ltd
19,928,054‌
214,180
Aisin
Seiki
Co
Ltd
8,146,601‌
664,838
Ajinomoto
Co,
Inc
24,719,641‌
238,252
All
Nippon
Airways
Co
Ltd
4,524,882‌
692,014
Asahi
Breweries
Ltd
23,673,077‌
265,412
Asahi
Glass
Co
Ltd
9,813,403‌
312,102
Asahi
Intecc
Co
Ltd
4,573,132‌
1,729,093
Asahi
Kasei
Corp
12,055,463‌
2,622,620
Astellas
Pharma,
Inc
25,171,632‌
160,407
Azbil
Corp
4,480,168‌
823,281
Bandai
Namco
Holdings,
Inc
15,383,149‌
806,460
Bridgestone
Corp
35,586,645‌
337,393
Brother
Industries
Ltd
5,968,131‌
1,424,118
(a)
Canon,
Inc
38,544,168‌
507,910
Capcom
Co
Ltd
8,361,435‌
1,094,375
Central
Japan
Railway
Co
25,026,141‌
772,668
Chiba
Bank
Ltd
6,526,775‌
929,117
Chubu
Electric
Power
Co,
Inc
11,926,105‌
953,632
Chugai
Pharmaceutical
Co
Ltd
30,329,161‌
1,473,968
Concordia
Financial
Group
Ltd
7,941,938‌
292,785
Dai
Nippon
Printing
Co
Ltd
8,527,687‌
447,639
Daifuku
Co
Ltd
9,169,350‌
1,338,995
Dai-ichi
Life
Holdings,
Inc
31,012,508‌
2,650,879
Daiichi
Sankyo
Co
Ltd
89,222,449‌
374,507
Daikin
Industries
Ltd
51,116,943‌
85,212
Daito
Trust
Construction
Co
Ltd
9,134,243‌
840,229
Daiwa
House
Industry
Co
Ltd
23,643,119‌
1,900,089
Daiwa
Securities
Group,
Inc
13,963,864‌
2,687,188
Denso
Corp
45,798,061‌
291,264
Dentsu,
Inc
7,879,614‌
130,965
Disco
Corp
37,304,819‌
551,626
Don
Quijote
Co
Ltd
12,955,503‌
1,332,369
East
Japan
Railway
Co
24,420,940‌
356,467
Eisai
Co
Ltd
14,639,752‌
4,078,728
ENEOS
Holdings,
Inc
18,844,585‌
1,353,757
Fanuc
Ltd
40,097,313‌
247,973
Fast
Retailing
Co
Ltd
64,837,256‌
185,327
(b)
Fuji
Electric
Holdings
Co
Ltd
11,528,062‌
846,832
Fuji
Heavy
Industries
Ltd
18,908,899‌
1,579,098
FUJIFILM
Holdings
Corp
33,591,326‌
2,520,710
Fujitsu
Ltd
38,940,284‌
7,345
GLP
J-Reit
5,973,778‌
International
Equity
Index
Fund
April
30,
2024
160
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
193,088
Hamamatsu
Photonics
KK
$
7,075,066‌
333,322
Hankyu
Hanshin
Holdings,
Inc
8,739,114‌
30,060
Hikari
Tsushin,
Inc
4,885,405‌
42,440
Hirose
Electric
Co
Ltd
4,504,826‌
168,677
(b)
Hitachi
Construction
Machinery
Co
Ltd
4,817,800‌
1,321,262
(b)
Hitachi
Ltd
121,900,515‌
6,542,714
Honda
Motor
Co
Ltd
74,440,232‌
149,884
Hoshizaki
Corp
5,164,806‌
502,407
(b)
Hoya
Corp
58,248,974‌
520,881
Hulic
Co
Ltd
4,799,738‌
158,412
Ibiden
Co
Ltd
6,021,791‌
1,387,630
Idemitsu
Kosan
Co
Ltd
9,401,356‌
227,283
Iida
Group
Holdings
Co
Ltd
2,901,474‌
1,398,472
Inpex
Holdings,
Inc
20,948,827‌
820,598
Isuzu
Motors
Ltd
10,399,314‌
1,683,769
(a)
Itochu
Corp
75,962,787‌
182,761
Japan
Airlines
Co
Ltd
3,238,298‌
2,057,971
Japan
Post
Bank
Co
Ltd
20,889,040‌
3,059,435
Japan
Post
Holdings
Co
Ltd
29,380,665‌
293,575
Japan
Post
Insurance
Co
Ltd
5,511,600‌
1,860
Japan
Real
Estate
Investment
Corp
6,307,521‌
10,659
Japan
Retail
Fund
Investment
Corp
6,435,141‌
1,740,373
Japan
Tobacco,
Inc
46,818,846‌
806,220
JFE
Holdings,
Inc
12,033,410‌
597,109
Kajima
Corp
11,438,867‌
992,326
Kansai
Electric
Power
Co,
Inc
14,864,465‌
663,991
Kao
Corp
27,391,089‌
586,254
Kawasaki
Kisen
Kaisha
Ltd
8,260,249‌
2,147,757
KDDI
Corp
59,597,631‌
195,442
Keisei
Electric
Railway
Co
Ltd
7,280,786‌
6,392
Kenedix
Realty
Investment
Corp
6,304,666‌
277,154
Keyence
Corp
121,883,901‌
986,265
Kikkoman
Corp
11,751,749‌
255,850
Kintetsu
Corp
6,577,537‌
1,133,172
Kirin
Brewery
Co
Ltd
16,541,587‌
220,521
Kobe
Bussan
Co
Ltd
4,762,652‌
321,771
Koito
Manufacturing
Co
Ltd
4,328,056‌
1,316,450
Komatsu
Ltd
39,304,126‌
141,402
Konami
Corp
8,531,817‌
1,430,344
Kubota
Corp
22,942,324‌
1,835,220
Kyocera
Corp
22,368,834‌
372,024
Kyowa
Hakko
Kogyo
Co
Ltd
6,247,716‌
107,329
Lasertec
Corp
23,151,437‌
662,699
M3,
Inc
7,010,145‌
316,876
Makita
Corp
9,173,838‌
2,034,353
Marubeni
Corp
36,244,742‌
505,402
Matsumotokiyoshi
Holdings
Co
Ltd
7,166,967‌
820,801
Mazda
Motor
Corp
9,291,037‌
127,337
McDonald's
Holdings
Co
Japan
Ltd
5,601,387‌
342,024
MEIJI
Holdings
Co
Ltd
7,652,567‌
512,777
Minebea
Co
Ltd
9,604,487‌
413,361
MISUMI
Group,
Inc
6,720,364‌
1,824,908
Mitsubishi
Chemical
Holdings
Corp
10,646,270‌
4,917,782
Mitsubishi
Corp
112,467,549‌
2,752,682
Mitsubishi
Electric
Corp
47,979,045‌
1,596,285
Mitsubishi
Estate
Co
Ltd
29,251,452‌
4,573,260
Mitsubishi
Heavy
Industries
Ltd
40,890,028‌
15,811,988
Mitsubishi
UFJ
Financial
Group,
Inc
157,508,756‌
1,141,044
Mitsubishi
UFJ
Lease
&
Finance
Co
Ltd
7,389,450‌
1,848,698
Mitsui
&
Co
Ltd
89,247,154‌
234,656
Mitsui
Chemicals,
Inc
6,678,987‌
3,765,537
Mitsui
Fudosan
Co
Ltd
38,322,103‌
484,783
(a)
Mitsui
OSK
Lines
Ltd
15,386,810‌
161
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
1,817,187
Mitsui
Sumitomo
Insurance
Group
Holdings,
Inc
$
32,671,271‌
3,434,769
Mizuho
Financial
Group,
Inc
66,391,019‌
354,127
MonotaRO
Co
Ltd
4,244,169‌
2,432,441
Murata
Manufacturing
Co
Ltd
44,445,947‌
342,840
NEC
Corp
24,822,296‌
487,448
Nexon
Co
Ltd
7,599,971‌
595,767
Nidec
Corp
27,901,463‌
1,490,955
Nintendo
Co
Ltd
72,712,340‌
2,111
Nippon
Building
Fund,
Inc
8,065,697‌
99,519
Nippon
Express
Holdings,
Inc
5,091,221‌
1,310,191
Nippon
Paint
Co
Ltd
8,386,551‌
3,150
Nippon
ProLogis
REIT,
Inc
5,444,568‌
1,215,647
(a)
Nippon
Steel
Corp
27,253,480‌
43,041,186
Nippon
Telegraph
&
Telephone
Corp
46,469,932‌
670,847
(a)
Nippon
Yusen
Kabushiki
Kaisha
19,045,660‌
180,700
Nissan
Chemical
Industries
Ltd
6,159,733‌
3,405,568
Nissan
Motor
Co
Ltd
12,463,368‌
280,887
Nissin
Food
Products
Co
Ltd
7,495,619‌
112,111
Nitori
Co
Ltd
15,004,158‌
202,727
Nitto
Denko
Corp
16,762,608‌
4,256,970
(b)
Nomura
Holdings,
Inc
24,222,080‌
153,025
Nomura
Real
Estate
Holdings,
Inc
4,284,259‌
6,123
Nomura
Real
Estate
Master
Fund,
Inc
5,853,097‌
542,230
Nomura
Research
Institute
Ltd
13,120,820‌
894,059
NTT
Data
Corp
13,981,131‌
898,885
Obayashi
Corp
10,032,266‌
103,065
Obic
Co
Ltd
13,240,398‌
467,514
Odakyu
Electric
Railway
Co
Ltd
5,256,112‌
1,735,547
Olympus
Corp
24,175,666‌
256,032
Omron
Corp
8,787,626‌
534,382
Ono
Pharmaceutical
Co
Ltd
7,696,895‌
53,578
(b)
Oracle
Corp
Japan
4,020,738‌
1,572,092
Oriental
Land
Co
Ltd
43,376,713‌
1,671,150
ORIX
Corp
34,200,770‌
524,248
Osaka
Gas
Co
Ltd
11,657,110‌
713,169
Osaka
Securities
Exchange
Co
Ltd
16,702,783‌
342,274
Otsuka
Corp
6,807,186‌
586,126
Otsuka
Holdings
Co
Ltd
25,060,898‌
3,141,215
Panasonic
Corp
27,417,937‌
2,228,678
(b)
Rakuten,
Inc
10,718,699‌
2,058,715
Recruit
Holdings
Co
Ltd
88,663,419‌
2,091,812
Renesas
Electronics
Corp
33,962,141‌
3,000,069
Resona
Holdings,
Inc
18,971,670‌
772,160
Ricoh
Co
Ltd
6,661,466‌
479,472
Rohm
Co
Ltd
6,892,336‌
339,128
SBI
Holdings,
Inc
8,257,135‌
115,100
SCREEN
Holdings
Co
Ltd
11,875,689‌
311,569
Secom
Co
Ltd
21,642,351‌
392,842
Seiko
Epson
Corp
6,462,245‌
512,555
Sekisui
Chemical
Co
Ltd
7,456,669‌
843,560
Sekisui
House
Ltd
19,385,307‌
3,210,888
Seven
&
I
Holdings
Co
Ltd
41,488,508‌
459,787
SG
Holdings
Co
Ltd
5,381,847‌
432,053
(a),(b)
Sharp
Corp
2,267,918‌
368,266
Shimadzu
Corp
10,005,073‌
108,064
Shimano,
Inc
17,561,801‌
729,306
Shimizu
Corp
4,517,653‌
2,567,526
Shin-Etsu
Chemical
Co
Ltd
99,386,210‌
361,049
Shionogi
&
Co
Ltd
16,861,260‌
553,718
Shiseido
Co
Ltd
14,822,054‌
720,843
Shizuoka
Financial
Group,
Inc
6,728,238‌
81,632
SMC
Corp
42,886,723‌
4,147,895
SoftBank
Corp
50,030,606‌
International
Equity
Index
Fund
April
30,
2024
162
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
JAPAN—continued
1,469,446
Softbank
Group
Corp
$
72,268,232‌
1,262,685
Sompo
Holdings,
Inc
24,988,682‌
1,796,493
Sony
Corp
148,482,547‌
125,566
Square
Enix
Co
Ltd
4,538,849‌
476,047
Sumco
Corp
7,099,434‌
238,012
Sumisho
Computer
Systems
Corp
4,326,867‌
1,476,239
Sumitomo
Corp
38,820,874‌
993,165
Sumitomo
Electric
Industries
Ltd
15,350,669‌
342,602
Sumitomo
Metal
Mining
Co
Ltd
11,445,867‌
1,799,997
Sumitomo
Mitsui
Financial
Group,
Inc
102,246,623‌
911,684
Sumitomo
Mitsui
Trust
Holdings,
Inc
19,167,992‌
393,285
Sumitomo
Realty
&
Development
Co
Ltd
13,609,195‌
192,023
Suntory
Beverage
&
Food
Ltd
6,247,514‌
2,226,804
Suzuki
Motor
Corp
25,932,869‌
708,072
Sysmex
Corp
11,322,336‌
720,747
T&D
Holdings,
Inc
11,760,666‌
253,962
Taisei
Corp
9,297,649‌
246,514
Taiyo
Nippon
Sanso
Corp
7,322,058‌
2,255,011
Takeda
Pharmaceutical
Co
Ltd
59,266,348‌
558,382
TDK
Corp
24,909,972‌
1,913,862
Terumo
Corp
32,466,990‌
324,515
TIS,
Inc
6,930,529‌
256,473
Tobu
Railway
Co
Ltd
5,088,546‌
168,832
Toho
Co
Ltd
5,656,268‌
2,552,864
Tokio
Marine
Holdings,
Inc
80,686,805‌
2,175,250
(b)
Tokyo
Electric
Power
Co,
Inc
13,530,662‌
673,090
Tokyo
Electron
Ltd
147,639,423‌
517,833
Tokyo
Gas
Co
Ltd
11,613,570‌
693,070
Tokyu
Corp
8,204,256‌
338,512
Toppan
Printing
Co
Ltd
8,030,838‌
2,000,756
Toray
Industries,
Inc
9,144,896‌
192,200
Toto
Ltd
5,201,795‌
211,362
Toyota
Industries
Corp
20,085,051‌
15,117,227
(b)
Toyota
Motor
Corp
344,802,405‌
296,269
Toyota
Tsusho
Corp
18,836,752‌
192,544
(b)
Trend
Micro,
Inc
9,488,221‌
565,598
Uni-Charm
Corp
16,805,687‌
630,402
USS
Co
Ltd
4,815,827‌
635,556
West
Japan
Railway
Co
12,063,772‌
353,802
Yakult
Honsha
Co
Ltd
6,920,275‌
190,492
Yamaha
Corp
4,014,271‌
1,248,306
Yamaha
Motor
Co
Ltd
11,643,222‌
360,940
Yamato
Transport
Co
Ltd
4,766,817‌
349,403
Yaskawa
Electric
Corp
14,396,316‌
339,847
Yokogawa
Electric
Corp
7,509,192‌
3,864,021
Z
Holdings
Corp
9,283,820‌
134,827
Zensho
Co
Ltd
5,225,787‌
187,177
ZOZO,
Inc
4,031,507‌
TOTAL
JAPAN
5,355,397,382‌
JORDAN
-
0.0%
228,618
Hikma
Pharmaceuticals
plc
5,489,249‌
TOTAL
JORDAN
5,489,249‌
KOREA,
REPUBLIC
OF
-
0.0%
262,273
(b),(c)
Delivery
Hero
SE
7,337,756‌
TOTAL
KOREA,
REPUBLIC
OF
7,337,756‌
LUXEMBOURG
-
0.1%
730,880
ArcelorMittal
S.A.
18,259,462‌
184,426
Eurofins
Scientific
SE
11,303,237‌
TOTAL
LUXEMBOURG
29,562,699‌
MACAU
-
0.1%
3,210,274
Galaxy
Entertainment
Group
Ltd
14,404,153‌
163
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
MACAU—continued
3,535,224
(b)
Sands
China
Ltd
$
8,338,335‌
TOTAL
MACAU
22,742,488‌
NETHERLANDS
-
4.4%
710,562
(a),(c)
ABN
AMRO
Bank
NV
11,382,180‌
30,829
(b),(c)
Adyen
NV
36,933,145‌
2,055,828
Aegon
NV
12,803,381‌
237,416
Akzo
Nobel
NV
15,665,169‌
10,149
(b)
Argenx
SE
3,799,521‌
74,356
(b)
Argenx
SE
27,776,711‌
66,970
ASM
International
NV
42,126,734‌
575,149
ASML
Holding
NV
500,962,088‌
227,681
ASR
Nederland
NV
11,393,041‌
109,197
(a)
BE
Semiconductor
Industries
NV
14,487,605‌
120,521
(c)
Euronext
NV
10,853,012‌
131,121
EXOR
NV
14,315,198‌
188,421
Heineken
Holding
NV
15,157,335‌
404,919
Heineken
NV
39,406,578‌
79,835
(a),(b)
IMCD
NV
12,045,073‌
4,754,193
ING
Groep
NV
75,165,054‌
136,576
JDE
Peet's
NV
3,034,662‌
1,345,925
Koninklijke
Ahold
Delhaize
NV
40,854,460‌
4,754,493
Koninklijke
KPN
NV
17,278,453‌
1,105,808
(b)
Koninklijke
Philips
Electronics
NV
29,366,051‌
395,128
NN
Group
NV
18,227,601‌
153,655
OCI
NV
4,132,793‌
151,253
Randstad
Holdings
NV
7,585,479‌
1,161,002
Universal
Music
Group
NV
34,151,088‌
352,542
Wolters
Kluwer
NV
52,777,822‌
TOTAL
NETHERLANDS
1,051,680,234‌
NEW
ZEALAND
-
0.2%
1,900,704
Auckland
International
Airport
Ltd
8,791,918‌
814,080
Fisher
&
Paykel
Healthcare
Corp
13,634,002‌
1,022,870
Mercury
NZ
Ltd
3,845,392‌
1,942,096
Meridian
Energy
Ltd
6,866,278‌
2,509,409
Telecom
Corp
of
New
Zealand
Ltd
7,053,250‌
209,979
(b)
Xero
Ltd
16,302,390‌
TOTAL
NEW
ZEALAND
56,493,230‌
NORWAY
-
0.5%
469,466
Aker
BP
ASA
11,386,024‌
1,313,227
DNB
Bank
ASA
22,888,422‌
1,285,631
Equinor
ASA
34,208,541‌
294,297
Gjensidige
Forsikring
ASA
4,718,550‌
126,088
Kongsberg
Gruppen
ASA
8,900,944‌
651,981
Mowi
ASA
11,446,764‌
1,881,695
Norsk
Hydro
ASA
11,563,736‌
981,208
Orkla
ASA
6,674,578‌
101,935
Salmar
ASA
6,412,840‌
882,223
Telenor
ASA
10,157,656‌
TOTAL
NORWAY
128,358,055‌
PORTUGAL
-
0.2%
4,451,047
(b)
Energias
de
Portugal
S.A.
16,714,425‌
680,405
Galp
Energia
SGPS
S.A.
14,615,888‌
408,455
Jeronimo
Martins
SGPS
S.A.
8,402,628‌
TOTAL
PORTUGAL
39,732,941‌
SINGAPORE
-
1.5%
5,253,782
Ascendas
REIT
9,951,827‌
3,554,999
(b)
Capitaland
Investment
Ltd
6,874,843‌
7,475,271
CapitaMall
Trust
10,655,962‌
688,770
City
Developments
Ltd
3,087,021‌
2,822,998
DBS
Group
Holdings
Ltd
71,866,198‌
International
Equity
Index
Fund
April
30,
2024
164
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SINGAPORE—continued
8,471,301
Genting
Singapore
Ltd
$
5,653,489‌
2,794,058
(b)
Grab
Holdings
Ltd
9,779,203‌
147,717
Jardine
Cycle
&
Carriage
Ltd
2,850,679‌
2,073,221
Keppel
Corp
Ltd
10,370,063‌
4,633,037
Mapletree
Logistics
Trust
4,546,407‌
3,192,910
Mapletree
Pan
Asia
Commercial
Trust
2,925,897‌
4,798,387
Oversea-Chinese
Banking
Corp
49,814,762‌
526,518
(b)
Sea
Ltd
(ADR)
33,270,672‌
1,372,527
SembCorp
Industries
Ltd
5,363,934‌
58,821,732
(b)
SembCorp
Marine
Ltd
4,201,958‌
2,107,368
(a)
Singapore
Airlines
Ltd
10,055,558‌
1,257,287
Singapore
Exchange
Ltd
8,576,613‌
2,358,387
Singapore
Technologies
Engineering
Ltd
6,927,718‌
11,785,333
Singapore
Telecommunications
Ltd
20,438,999‌
977,649
STMicroelectronics
NV
38,700,117‌
1,804,723
United
Overseas
Bank
Ltd
40,048,221‌
TOTAL
SINGAPORE
355,960,141‌
SOUTH
AFRICA
-
0.3%
1,819,534
Anglo
American
plc
59,457,749‌
TOTAL
SOUTH
AFRICA
59,457,749‌
SPAIN
-
2.5%
35,688
Acciona
S.A.
4,125,751‌
306,878
ACS
Actividades
de
Construccion
y
Servicios
S.A.
12,290,603‌
104,174
(a)
Aena
SME
S.A.
18,984,626‌
642,487
Amadeus
IT
Holding
S.A.
40,781,172‌
8,311,417
Banco
Bilbao
Vizcaya
Argentaria
S.A.
89,879,440‌
23,206,649
(a)
Banco
Santander
S.A.
112,915,013‌
5,312,800
CaixaBank
S.A.
28,017,351‌
650,714
(c)
Cellnex
Telecom
S.A.
21,509,154‌
407,395
(a)
EDP
Renovaveis
S.A.
5,577,310‌
341,019
(a)
Enagas
5,001,390‌
463,991
Endesa
S.A.
8,461,174‌
429,486
(a)
Grifols
S.A.
3,930,850‌
8,749,506
Iberdrola
S.A.
107,282,734‌
1,553,310
(a)
Industria
de
Diseno
Textil
S.A.
70,723,664‌
592,321
Redeia
Corp
S.A.
9,887,973‌
1,719,049
Repsol
YPF
S.A.
26,982,328‌
7,015,037
(a)
Telefonica
S.A.
31,424,529‌
TOTAL
SPAIN
597,775,062‌
SWEDEN
-
3.0%
401,869
(a)
Alfa
Laval
AB
17,109,473‌
1,436,378
(a)
Assa
Abloy
AB
37,951,123‌
3,811,273
Atlas
Copco
AB
66,758,573‌
2,222,962
(a)
Atlas
Copco
AB
33,331,574‌
558,276
(a)
Beijer
Ref
AB
7,867,983‌
398,011
(a)
Boliden
AB
13,080,509‌
942,098
Epiroc
AB
17,416,906‌
537,473
Epiroc
AB
8,909,139‌
528,847
(a)
EQT
AB
14,267,949‌
4,124,576
Ericsson
(LM)
(B
Shares)
20,931,749‌
874,707
Essity
AB
21,823,716‌
258,931
(c)
Evolution
AB
28,608,030‌
1,011,427
(b)
Fastighets
AB
Balder
6,375,332‌
339,110
(a)
Getinge
AB
(B
Shares)
7,139,087‌
943,655
(a)
Hennes
&
Mauritz
AB
(B
Shares)
14,999,205‌
2,956,513
(a)
Hexagon
AB
30,927,997‌
106,782
Holmen
AB
4,158,868‌
529,609
(a)
Husqvarna
AB
(B
Shares)
4,295,767‌
175,534
Industrivarden
AB
5,652,813‌
211,663
(a)
Industrivarden
AB
6,804,928‌
391,819
Indutrade
AB
9,014,033‌
165
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SWEDEN—continued
207,044
Investment
AB
Latour
$
4,988,850‌
2,452,453
(a)
Investor
AB
60,067,300‌
105,990
(a)
L
E
Lundbergforetagen
AB
5,224,017‌
339,039
Lifco
AB
8,214,434‌
2,139,326
(a)
Nibe
Industrier
AB
9,871,323‌
114,516
Saab
AB
(Class
B)
9,066,084‌
300,628
Sagax
AB
7,528,346‌
1,502,944
(a)
Sandvik
AB
29,958,984‌
682,495
(a)
Securitas
AB
(B
Shares)
6,839,692‌
2,261,065
Skandinaviska
Enskilda
Banken
AB
(Class
A)
29,611,859‌
476,150
Skanska
AB
(B
Shares)
8,179,451‌
476,318
SKF
AB
(B
Shares)
9,792,174‌
844,462
Svenska
Cellulosa
AB
(B
Shares)
12,375,809‌
2,115,286
Svenska
Handelsbanken
AB
18,139,260‌
1,201,915
Swedbank
AB
(A
Shares)
22,983,336‌
274,978
(b)
Swedish
Orphan
Biovitrum
AB
7,121,223‌
821,171
Tele2
AB
(B
Shares)
7,659,110‌
3,364,672
TeliaSonera
AB
7,696,606‌
283,832
Volvo
AB
(A
Shares)
7,475,069‌
2,137,506
Volvo
AB
(B
Shares)
54,406,324‌
1,248,672
(a),(b)
Volvo
Car
AB
3,876,168‌
1,248,672
(b)
Volvo
Car
AB
254,937‌
TOTAL
SWEDEN
708,755,110‌
SWITZERLAND
-
6.0%
2,286,523
ABB
Ltd
111,098,579‌
237,278
Adecco
S.A.
8,300,568‌
711,520
Alcon,
Inc
54,557,060‌
45,758
(a)
Bachem
Holding
AG.
3,970,044‌
66,656
Baloise
Holding
AG.
10,072,578‌
44,721
(a)
Banque
Cantonale
Vaudoise
4,676,679‌
4,896
Barry
Callebaut
AG.
7,911,800‌
30,110
BKW
AG.
4,469,466‌
154
Chocoladefabriken
Lindt
&
Spruengli
AG.
17,772,008‌
767,146
Cie
Financiere
Richemont
S.A.
106,040,312‌
322,423
Clariant
AG.
4,823,711‌
266,877
DSM-Firmenich
AG.
29,931,451‌
146,059
(b)
Dufry
Group
5,523,489‌
10,171
EMS-Chemie
Holding
AG.
8,114,783‌
47,869
Geberit
AG.
25,551,573‌
13,079
Givaudan
S.A.
55,935,856‌
52,512
Helvetia
Holding
AG.
6,868,860‌
290,061
Julius
Baer
Group
Ltd
15,564,194‌
77,546
Kuehne
&
Nagel
International
AG.
20,495,133‌
1,341
Lindt
&
Spruengli
AG.
15,446,921‌
238,381
Logitech
International
S.A.
18,559,671‌
105,495
Lonza
Group
AG.
58,232,526‌
2,916,986
Novartis
AG.
283,115,299‌
32,143
Partners
Group
41,354,092‌
588,915
(b)
Sandoz
Group
AG.
20,015,392‌
57,424
Schindler
Holding
AG.
14,313,288‌
34,704
Schindler
Holding
AG.
(Registered)
8,455,760‌
216,814
SGS
S.A.
19,091,693‌
433,468
(a)
SIG
Group
AG.
8,662,143‌
218,513
Sika
AG.
62,158,511‌
71,611
Sonova
Holdings
AG
19,795,581‌
158,984
Straumann
Holding
AG.
21,134,942‌
44,230
(a)
Swatch
Group
AG.
9,293,221‌
50,748
(a)
Swatch
Group
AG.
(Registered)
2,103,985‌
41,987
Swiss
Life
Holding
28,330,963‌
110,539
Swiss
Prime
Site
AG.
10,206,378‌
37,931
Swisscom
AG.
20,809,197‌
96,365
Temenos
Group
AG.
5,994,616‌
International
Equity
Index
Fund
April
30,
2024
166
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
SWITZERLAND—continued
4,696,994
UBS
Group
AG
$
123,358,412‌
37,963
(c)
VAT
Group
AG.
18,900,285‌
208,665
Zurich
Insurance
Group
AG
101,003,526‌
TOTAL
SWITZERLAND
1,412,014,546‌
UNITED
ARAB
EMIRATES
-
0.0%
121,704
(b),(d)
NMC
Health
plc
0‌
TOTAL
UNITED
ARAB
EMIRATES
0‌
UNITED
KINGDOM
-
10.4%
1,388,957
3i
Group
plc
49,623,879‌
2,744,056
Abrdn
plc
5,004,008‌
364,740
Admiral
Group
plc
12,414,706‌
625,918
Ashtead
Group
plc
45,449,095‌
496,352
Associated
British
Foods
plc
16,428,100‌
2,214,155
AstraZeneca
plc
334,888,432‌
1,258,443
(c)
Auto
Trader
Group
plc
10,910,045‌
3,882,749
Aviva
plc
22,543,817‌
4,296,307
BAE
Systems
plc
71,457,112‌
21,485,708
Barclays
plc
54,171,751‌
1,402,669
Barratt
Developments
plc
7,925,248‌
149,725
Berkeley
Group
Holdings
plc
8,792,692‌
2,851,247
British
American
Tobacco
plc
83,701,982‌
9,509,245
BT
Group
plc
12,160,455‌
497,313
Bunzl
plc
19,070,856‌
533,661
Burberry
Group
plc
7,635,961‌
7,728,610
Centrica
plc
12,336,961‌
3,878,969
CK
Hutchison
Holdings
Ltd
18,839,270‌
294,171
(b)
Coca-Cola
Europacific
Partners
plc
21,186,195‌
2,452,703
Compass
Group
plc
68,218,766‌
198,332
Croda
International
plc
11,359,773‌
135,897
DCC
plc
9,280,498‌
3,200,104
Diageo
plc
110,594,541‌
890,924
Entain
plc
8,692,039‌
250,730
(b)
Flutter
Entertainment
plc
46,449,963‌
526,433
Halma
plc
14,427,864‌
554,289
Hargreaves
Lansdown
plc
5,601,276‌
27,286,806
HSBC
Holdings
plc
236,520,692‌
1,181,918
Imperial
Tobacco
Group
plc
27,007,002‌
1,909,909
Informa
plc
18,907,884‌
234,300
InterContinental
Hotels
Group
plc
22,852,202‌
226,097
Intertek
Group
plc
13,915,485‌
2,367,334
J
Sainsbury
plc
7,765,274‌
3,624,938
JD
Sports
Fashion
plc
5,189,732‌
2,586,534
Kingfisher
plc
7,967,362‌
1,009,884
Land
Securities
Group
plc
8,161,940‌
8,361,123
Legal
&
General
Group
plc
24,544,072‌
90,029,619
Lloyds
TSB
Group
plc
58,103,555‌
601,500
London
Stock
Exchange
Group
plc
66,309,407‌
3,020,279
M&G
plc
7,561,352‌
1,899,200
Melrose
Industries
plc
14,920,740‌
5,269,206
National
Grid
plc
69,116,987‌
8,270,404
NatWest
Group
plc
31,215,658‌
168,987
Next
plc
18,953,240‌
880,033
(b)
Ocado
Group
plc
3,852,980‌
872,729
Pearson
plc
10,589,546‌
480,057
Persimmon
plc
7,773,576‌
994,290
Phoenix
Group
Holdings
plc
6,055,927‌
1,014,731
Reckitt
Benckiser
Group
plc
56,730,568‌
2,708,844
RELX
plc
111,297,928‌
3,544,070
Rentokil
Initial
plc
17,890,369‌
12,053,246
(b)
Rolls-Royce
Holdings
plc
61,809,334‌
1,460,270
Sage
Group
plc
21,175,225‌
1,111,272
Schroders
plc
4,871,907‌
167
See
Notes
to
Financial
Statements
SHARES
DESCRIPTION
REFERENCERATE
&
SPREAD
VALUE
UNITED
KINGDOM—continued
1,538,099
Scottish
&
Southern
Energy
plc
$
31,971,532‌
1,800,829
Segro
plc
18,941,340‌
389,867
Severn
Trent
plc
12,017,367‌
1,230,679
Smith
&
Nephew
plc
14,910,471‌
486,868
Smiths
Group
plc
9,815,238‌
102,451
Spirax-Sarco
Engineering
plc
11,273,442‌
738,261
St.
James's
Place
plc
3,994,949‌
3,210,479
Standard
Chartered
plc
27,582,953‌
5,128,087
Taylor
Wimpey
plc
8,402,999‌
9,929,495
Tesco
plc
36,660,374‌
3,559,788
Unilever
plc
184,150,706‌
963,032
United
Utilities
Group
plc
12,553,287‌
32,242,605
Vodafone
Group
plc
27,190,234‌
276,659
Whitbread
plc
10,903,901‌
871,752
(b)
Wise
plc
8,377,924‌
1,538,424
WPP
plc
15,419,874‌
TOTAL
UNITED
KINGDOM
2,464,391,820‌
UNITED
STATES
-
8.7%
24,391,053
BP
plc
157,215,875‌
692,548
CSL
Ltd
123,049,215‌
58,827
(b)
CyberArk
Software
Ltd
14,074,360‌
1,304,701
Experian
Group
Ltd
52,623,740‌
734,761
Ferrovial
SE
26,425,947‌
5,880,048
GSK
plc
121,992,833‌
9,810,974
Haleon
plc
41,435,075‌
741,341
Holcim
Ltd
62,055,951‌
626,453
(b)
James
Hardie
Industries
plc
21,536,174‌
41,018
(b)
Monday.com
Ltd
7,765,938‌
3,800,353
Nestle
S.A.
381,556,041‌
317,788
QIAGEN
NV
13,268,175‌
45,634
Roche
Holding
AG.
12,004,406‌
999,628
Roche
Holding
AG.
239,525,059‌
1,630,071
Sanofi-Aventis
161,039,694‌
776,760
Schneider
Electric
S.A.
177,111,671‌
9,257,631
Shell
plc
329,095,787‌
3,170,904
Stellantis
NV
70,160,996‌
426,936
Swiss
Re
AG.
46,410,233‌
673,443
Tenaris
S.A.
11,184,005‌
TOTAL
UNITED
STATES
2,069,531,175‌
TOTAL
COMMON
STOCKS
23,231,797,588‌
(Cost
$18,438,727,684)
TOTAL
LONG-TERM
INVESTMENTS
23,231,797,588‌
(Cost
$18,438,727,684)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.8%
GOVERNMENT
AGENCY
DEBT
-
0.5%
$
12,500,000
Federal
Home
Loan
Bank
(FHLB)
0.000
%
05/03/24
12,494,505‌
12,000,000
FHLB
0.000
05/08/24
11,985,933‌
10,000,000
FHLB
0.000
05/31/24
9,954,576‌
23,750,000
FHLB
0.000
06/05/24
23,624,719‌
5,000,000
FHLB
0.000
06/18/24
4,964,101‌
25,000,000
FHLB
0.000
06/21/24
24,809,514‌
20,000,000
FHLB
0.000
07/02/24
19,817,825‌
15,000,000
Tennessee
Valley
Authorit
0
05
0.000
05/08/24
14,982,417‌
TOTAL
GOVERNMENT
AGENCY
DEBT
122,633,590‌
REPURCHASE
AGREEMENT
-
0.9%
30,000,000
(e)
Bank
of
New
York
Mellon
5.320
05/01/24
30,000,000‌
189,116,000
(f)
Fixed
Income
Clearing
Corporation
5.310
05/01/24
189,116,000‌
TOTAL
REPURCHASE
AGREEMENT
219,116,000‌
International
Equity
Index
Fund
April
30,
2024
168
See
Notes
to
Financial
Statements
Portfolios
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT
-
0.4%
$
25,000,000
United
States
Treasury
Bill
0.000
%
05/07/24
$
24,977,996‌
10,000,000
United
States
Treasury
Bill
0.000
05/09/24
9,988,263‌
10,000,000
United
States
Treasury
Bill
0.000
05/30/24
9,957,507‌
25,000,000
United
States
Treasury
Bill
0.000
06/06/24
24,867,937‌
10,000,000
United
States
Treasury
Bill
0.000
06/11/24
9,940,038‌
10,000,000
United
States
Treasury
Bill
0.000
08/13/24
9,848,333‌
TOTAL
TREASURY
DEBT
89,580,074‌
TOTAL
SHORT-TERM
INVESTMENTS
431,329,664‌
(Cost
$431,315,326)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.8%
427,520,101
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5.430
(h)
427,520,101‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
427,520,101‌
(Cost
$427,520,101)
TOTAL
INVESTMENTS
-
101.5%
24,090,647,353‌
(Cost
$19,297,563,111)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.5)%
(357,039,077‌)
NET
ASSETS
-
100.0%
$
23,733,608,276‌
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
(a)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$702,200,232.
(b)
Non-income
producing
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$239,714,920
or
1.0%
of
Total
Investments.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
Agreement
with
Bank
of
New
York
Mellon,
5.320%
dated
4/30/24
to
be
repurchased
at
$30,000,033
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.875%
and
maturity
date
4/30/29,
valued
at
$30,600,034.
(f)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$189,143,895
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$192,898,482.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
MSCI
EAFE
Index
2,768‌
06/21/24
 $
318,330,035‌
$
313,822,000‌
$
(4,508,035‌)
Statement
of
Assets
and
Liabilities
See
Notes
to
Financial
Statements
170
April
30,
2024
(Unaudited)
4.1
Equity
Index
4.2
Large
Cap
Growth
Index
4.3
Large
Cap
Value
Index
ASSETS
Long-term
investments,
at
value
*†
$
42,707,399,706‌
$
12,845,043,425‌
$
9,710,738,507‌
Short-term
investments,
at
value
#
164,184,713‌
–‌
–‌
Investments
purchased
with
collateral
from
securities
lending,
at
value
(cost
approximates
value)
121,956,334‌
2,660,567‌
18,606,299‌
Cash
72,516‌
–‌
–‌
Cash
denominated
in
foreign
currencies
^
–‌
–‌
–‌
Cash
collateral
at
brokers
for
investments
in
futures
contracts
–‌
–‌
–‌
Receivables:
Dividends
24,757,317‌
4,209,969‌
8,164,230‌
Interest
14,718‌
–‌
–‌
Investments
sold
34,987,297‌
35,059,417‌
63,028,863‌
Reclaims
398‌
–‌
–‌
Reimbursement
from
Adviser
1,095,405‌
6‌
6‌
Shares
sold
53,486,333‌
8,351,320‌
4,077,974‌
Other
2,715,818‌
741,156‌
793,794‌
Total
assets
43,110,670,555‌
12,896,065,860‌
9,805,409,673‌
LIABILITIES
Due
to
affiliates
93,806‌
33,199‌
27,262‌
Cash
overdraft
–‌
32,039,539‌
32,222,537‌
Payables:
Management
fees
1,428,571‌
421,611‌
309,831‌
Collateral
from
securities
lending
121,956,334‌
2,660,567‌
18,606,299‌
Capital
gain
taxes
–‌
–‌
–‌
Investments
purchased
-
regular
settlement
24,977,917‌
–‌
31,401,747‌
Investments
purchased
-
when-issued/delayed-delivery
settlement
–‌
–‌
–‌
Shares
redeemed
1,361,719‌
2,918,540‌
3,193,002‌
Service
agreement
fees
160,856‌
271,713‌
328,899‌
Variation
margin
on
futures
contracts
2,603,566‌
–‌
–‌
Accrued
expenses:
Custodian
fees
37,255‌
12,451‌
10,951‌
Professional
fees
41,112‌
18,241‌
17,465‌
Shareholder
reporting
expenses
75,393‌
133,078‌
112,077‌
Shareholder
servicing
agent
fees
83,249‌
7,226‌
3,450‌
Trustees
fees
2,512,711‌
781,200‌
784,131‌
12b-1
distribution
and
service
fees
321,302‌
–‌
–‌
Other
13,412‌
17,569‌
10,398‌
Total
liabilities
155,667,203‌
39,314,934‌
87,028,049‌
Net
assets
$
42,955,003,352‌
$
12,856,750,926‌
$
9,718,381,624‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
$
20,528,202,562‌
$
4,821,492,530‌
$
6,983,119,053‌
Total
distributable
earnings
(loss)
22,426,800,790‌
8,035,258,396‌
2,735,262,571‌
Net
assets
$
42,955,003,352‌
$
12,856,750,926‌
$
9,718,381,624‌
*
Includes
securities
loaned
of
$
156,333,716‌
$
3,832,286‌
$
22,414,153‌
Long-term
investments,
cost
$
19,980,111,486‌
$
4,786,617,647‌
$
6,866,820,086‌
#
Short-term
investments,
cost
$
164,186,472‌
$
–‌
$
–‌
^
Cash
denominated
in
foreign
currencies,
cost
$
–‌
$
–‌
$
–‌
See
Notes
to
Financial
Statements
171
4.4
S&P
500
Index
4.5
Small
Cap
Blend
Index
4.6
Emerging
Markets
Equity
Index
4.7
International
Equity
Index
$
9,325,996,158‌
$
3,226,932,543‌
$
6,210,775,602‌
$
23,231,797,588‌
43,246,130‌
35,175,407‌
67,958,892‌
431,329,664‌
–‌
82,831,887‌
15,352,475‌
427,520,101‌
–‌
–‌
177,080‌
8,070‌
–‌
–‌
3,177,888‌
10,620,332‌
–‌
2,164,606‌
1,556,858‌
11,859,504‌
5,795,659‌
969,128‌
9,825,491‌
96,962,555‌
768‌
3,352‌
7,881‌
32,328‌
14,936,140‌
2,511,418‌
4,983,353‌
39,935,882‌
–‌
684‌
177,772‌
53,154,249‌
13‌
–‌
557,760‌
449,397‌
1,892,780‌
1,529,184‌
549,258‌
12,527,965‌
840,762‌
708,982‌
305,568‌
2,112,712‌
9,392,708,410‌
3,352,827,191‌
6,315,405,878‌
24,318,310,347‌
27,194‌
14,463‌
25,317‌
56,430‌
53,391‌
40,053‌
–‌
–‌
314,686‌
109,481‌
508,274‌
785,443‌
–‌
82,831,887‌
15,352,475‌
427,520,101‌
–‌
–‌
51,203,746‌
–‌
–‌
2,837,339‌
3,978‌
39,898,492‌
–‌
–‌
1,035,151‌
–‌
2,730,612‌
1,810,324‌
42,135,717‌
109,797,646‌
577,102‌
159,264‌
138,343‌
343,058‌
871,582‌
694,735‌
436,529‌
4,304,711‌
9,938‌
10,761‌
391,252‌
159,181‌
18,928‌
23,177‌
30,702‌
37,390‌
30,169‌
43,300‌
14,900‌
96,160‌
3,134‌
2,791‌
3,113‌
6,916‌
880,851‌
429,787‌
249,894‌
1,543,635‌
–‌
–‌
4,740‌
20,802‌
5,430‌
9,225‌
15,015‌
132,106‌
5,523,017‌
89,016,587‌
111,549,146‌
584,702,071‌
$
9,387,185,393‌
$
3,263,810,604‌
$
6,203,856,732‌
$
23,733,608,276‌
$
3,786,990,522‌
$
2,461,471,343‌
$
6,329,467,021‌
$
20,104,067,435‌
5,600,194,871‌
802,339,261‌
(
125,610,289‌
)
3,629,540,841‌
$
9,387,185,393‌
$
3,263,810,604‌
$
6,203,856,732‌
$
23,733,608,276‌
$
–‌
$
110,411,592‌
$
48,243,925‌
$
702,200,232‌
$
3,688,918,687‌
$
2,298,397,257‌
$
5,336,549,236‌
$
18,438,727,684‌
$
43,246,681‌
$
35,175,365‌
$
67,955,051‌
$
431,315,326‌
$
–‌
$
–‌
$
3,193,962‌
$
10,668,056‌
Statement
of
Assets
and
Liabilities
(continued)
See
Notes
to
Financial
Statements
172
(continued)
(continued)
Statement
of
Assets
and
Liabilities
(continued)
April
30,
2024
(Unaudited)
4.1
Equity
Index
4.2
Large
Cap
Growth
Index
4.3
Large
Cap
Value
Index
CLASS
A:
Net
assets
$
1,512,059,128‌
$
–‌
$
–‌
Shares
outstanding
41,894,892‌
–‌
–‌
Net
asset
value
per
share
$
36
.09‌
$
–‌
$
–‌
CLASS
I:
Net
assets
$
9,313,788‌
$
188,645,814‌
$
106,208,519‌
Shares
outstanding
262,953‌
3,418,945‌
4,417,787‌
Net
asset
value
per
share
$
35
.42‌
$
55
.18‌
$
24
.04‌
PREMIER
CLASS:
Net
assets
$
46,314,218‌
$
–‌
$
–‌
Shares
outstanding
1,310,813‌
–‌
–‌
Net
asset
value
per
share
$
35
.33‌
$
–‌
$
–‌
CLASS
R6:
Net
assets
$
14,945,751,466‌
$
11,566,623,726‌
$
8,146,927,966‌
Shares
outstanding
422,064,482‌
209,185,445‌
339,022,714‌
Net
asset
value
per
share
$
35
.41‌
$
55
.29‌
$
24
.03‌
RETIREMENT
CLASS:
Net
assets
$
757,513,451‌
$
1,101,481,386‌
$
1,465,245,139‌
Shares
outstanding
21,057,970‌
19,749,235‌
59,725,502‌
Net
asset
value
per
share
$
35
.97‌
$
55
.77‌
$
24
.53‌
CLASS
W:
Net
assets
$
25,684,051,301‌
$
–‌
$
–‌
Shares
outstanding
725,028,090‌
–‌
–‌
Net
asset
value
per
share
$
35
.42‌
$
–‌
$
–‌
Authorized
shares
-
per
class
Unlimited
Unlimited
Unlimited
Par
value
per
share
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
See
Notes
to
Financial
Statements
173
4.4
S&P
500
Index
4.5
Small
Cap
Blend
Index
4.6
Emerging
Markets
Equity
Index
4.7
International
Equity
Index
$
–‌
$
–‌
$
16,871,069‌
$
–‌
–‌
–‌
1,597,636‌
–‌
$
–‌
$
–‌
$
10
.56‌
$
–‌
$
157,951,298‌
$
23,762,257‌
$
4,605,194‌
$
182,651,867‌
2,867,945‌
1,072,393‌
433,480‌
8,160,463‌
$
55
.07‌
$
22
.16‌
$
10
.62‌
$
22
.38‌
$
–‌
$
–‌
$
10,513,560‌
$
168,916,671‌
–‌
–‌
993,426‌
7,556,576‌
$
–‌
$
–‌
$
10
.58‌
$
22
.35‌
$
6,632,363,712‌
$
2,611,783,977‌
$
1,219,741,668‌
$
12,252,980,384‌
120,187,561‌
117,602,726‌
115,143,771‌
547,002,455‌
$
55
.18‌
$
22
.21‌
$
10
.59‌
$
22
.40‌
$
2,596,870,383‌
$
628,264,370‌
$
677,589,013‌
$
1,442,003,088‌
47,439,443‌
28,149,760‌
64,313,658‌
62,766,631‌
$
54
.74‌
$
22
.32‌
$
10
.54‌
$
22
.97‌
$
–‌
$
–‌
$
4,274,536,228‌
$
9,687,056,266‌
–‌
–‌
402,789,403‌
432,235,634‌
$
–‌
$
–‌
$
10
.61‌
$
22
.41‌
Unlimited
Unlimited
Unlimited
Unlimited
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
$
0
.0001‌
Statement
of
Operations
See
Notes
to
Financial
Statements
174
Six
Months
Ended
April
30,
2024
(Unaudited)
4.1
Equity
Index
4.2
Large
Cap
Growth
Index
4.3
Large
Cap
Value
Index
INVESTMENT
INCOME
Dividends
$
298,763,696‌
$
48,409,225‌
$
100,599,291‌
Interest
4,845,665‌
181,244‌
196,645‌
Securities
lending
income,
net
2,504,187‌
28,657‌
422,284‌
Tax
withheld
(68,012‌)
(3,004‌)
(14,685‌)
Total
investment
income
306,045,536‌
48,616,122‌
101,203,535‌
EXPENSES
Management
fees
8,319,081‌
2,444,318‌
1,778,029‌
12b-1
distribution
and
service
fees
Class
A
1,835,777‌
–‌
–‌
12b-1
distribution
and
service
fees
Premier
Class
33,797‌
–‌
–‌
Shareholder
servicing
agent
fees
Class
A
179,851‌
–‌
–‌
Shareholder
servicing
agent
fees
Class
I
6,468‌
116,775‌
64,833‌
Shareholder
servicing
agent
fees
Premier
Class
64‌
–‌
–‌
Shareholder
servicing
agent
fees
Class
R6
10,888‌
15,887‌
7,475‌
Shareholder
servicing
agent
fees
Retirement
Class
926,204‌
1,314,352‌
1,818,811‌
Shareholder
servicing
agent
fees
Class
W
6,939‌
–‌
–‌
Administrative
service
fees
260,587‌
93,077‌
75,119‌
Trustees
fees
304,177‌
88,555‌
67,388‌
Custodian
expenses
117,204‌
38,599‌
30,993‌
Overdraft
expense
3,299‌
85,156‌
32,693‌
Professional
fees
84,621‌
32,709‌
28,564‌
Registration
fees
55,930‌
58,415‌
45,822‌
Shareholder
reporting
expenses
448,156‌
337,682‌
272,562‌
Other
208,963‌
67,090‌
62,009‌
Total
expenses
12,802,006‌
4,692,615‌
4,284,298‌
Expenses
reimbursed
by
the
investment
adviser
(5,714,282‌)
–‌
–‌
Net
expenses
7,087,724‌
4,692,615‌
4,284,298‌
Net
investment
income
(loss)
298,957,812‌
43,923,507‌
96,919,237‌
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
Realized
gain
(loss):
Investments
*
35,655,026‌
55,332,252‌
(29,872,094‌)
Futures
contracts
30,899,091‌
–‌
–‌
Foreign
currency
transactions
393,298‌
2,042‌
216‌
Net
realized
gain
(loss)
66,947,415‌
55,334,294‌
(29,871,878‌)
Change
in
unrealized
appreciation
(depreciation)
on:
Investments
7,239,168,924‌
2,353,609,522‌
1,372,949,392‌
Futures
contracts
707,223‌
–‌
–‌
Foreign
currency
translations
–‌
–‌
–‌
Net
change
in
unrealized
appreciation
(depreciation)
7,239,876,147‌
2,353,609,522‌
1,372,949,392‌
Net
realized
and
unrealized
gain
(loss)
7,306,823,562‌
2,408,943,816‌
1,343,077,514‌
Net
increase
(decrease)
in
net
assets
from
operations
$
7,605,781,374‌
$
2,452,867,323‌
$
1,439,996,751‌
*  
Net
of
foreign
capital
gains
tax
$
–‌
$
–‌
$
–‌
Net
of
change
in
unrealized
foreign
capital
gains
taxes
$
–‌
$
–‌
$
–‌
See
Notes
to
Financial
Statements
175
4.4
S&P
500
Index
4.5
Small
Cap
Blend
Index
4.6
Emerging
Markets
Equity
Index
4.7
International
Equity
Index
$
67,528,211‌
$
19,074,665‌
$
67,717,118‌
$
375,072,069‌
2,113,029‌
485,330‌
2,176,132‌
8,034,345‌
33,951‌
1,920,176‌
278,804‌
1,204,024‌
(17,598‌)
(41,752‌)
(7,019,562‌)
(31,528,400‌)
69,657,593‌
21,438,419‌
63,152,492‌
352,782,038‌
1,811,840‌
653,960‌
2,926,652‌
4,570,358‌
–‌
–‌
21,802‌
–‌
–‌
–‌
7,238‌
117,500‌
–‌
–‌
7,717‌
–‌
100,018‌
48,256‌
3,089‌
238,455‌
–‌
–‌
66‌
153‌
6,299‌
5,238‌
965‌
13,480‌
3,075,347‌
800,714‌
785,462‌
1,701,935‌
–‌
–‌
1,186‌
2,552‌
75,614‌
39,522‌
69,906‌
154,834‌
66,384‌
24,990‌
44,764‌
168,416‌
31,936‌
25,399‌
1,373,300‌
510,492‌
9,896‌
5,951‌
331‌
1,884‌
29,250‌
27,616‌
36,984‌
62,565‌
32,835‌
40,184‌
28,839‌
70,070‌
120,069‌
120,103‌
82,682‌
497,363‌
62,312‌
31,216‌
83,125‌
92,287‌
5,421,800‌
1,823,149‌
5,474,108‌
8,202,344‌
–‌
(31,975‌)
(3,167,697‌)
(2,442,527‌)
5,421,800‌
1,791,174‌
2,306,411‌
5,759,817‌
64,235,793‌
19,647,245‌
60,846,081‌
347,022,221‌
964,273‌
(25,714,023‌)
(68,227,612‌)
(168,162,752‌)
8,030,854‌
955,291‌
6,904,443‌
37,975,797‌
73,873‌
5,754‌
(1,367,626‌)
(366,125‌)
9,069,000‌
(24,752,978‌)
(62,690,795‌)
(130,553,080‌)
1,560,947,590‌
561,982,738‌
735,536,194‌
3,233,268,474‌
328,643‌
(473,361‌)
2,899,001‌
(378,561‌)
–‌
–‌
(104,009‌)
(1,934,006‌)
1,561,276,233‌
561,509,377‌
738,331,186‌
3,230,955,907‌
1,570,345,233‌
536,756,399‌
675,640,391‌
3,100,402,827‌
$
1,634,581,026‌
$
556,403,644‌
$
736,486,472‌
$
3,447,425,048‌
$
–‌
$
–‌
$
228,844‌
$
–‌
$
–‌
$
–‌
$
(26,856,541‌)
$
–‌
Statement
of
Changes
in
Net
Assets
See
Notes
to
Financial
Statements
176
4.1
Equity
Index
4.2
Large
Cap
Growth
Index
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
298,957,812‌
$
590,432,642‌
$
43,923,507‌
$
86,986,431‌
Net
realized
gain
(loss)
66,947,415‌
693,929,400‌
55,334,294‌
177,554,402‌
Net
change
in
unrealized
appreciation
(depreciation)
7,239,876,147‌
1,505,545,063‌
2,353,609,522‌
1,380,695,941‌
Net
increase
(decrease)
in
net
assets
from
operations
7,605,781,374‌
2,789,907,105‌
2,452,867,323‌
1,645,236,774‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
–‌
–‌
Dividends:
Class
A
(
17,320,318‌
)
(
18,451,427‌
)
–‌
–‌
Class
I
(
188,495‌
)
(
187,086‌
)
(
3,675,485‌
)
(
5,812,190‌
)
Premier
Class
(
574,328‌
)
(
884,058‌
)
–‌
–‌
Class
R6
(
205,917,296‌
)
(
207,746,156‌
)
(
202,563,375‌
)
(
774,802,434‌
)
Retirement
Class
(
8,931,289‌
)
(
9,652,058‌
)
(
16,642,617‌
)
(
69,922,692‌
)
Class
W
(
370,777,019‌
)
(
356,159,463‌
)
–‌
(
2,957,273‌
)
Total
distributions
(
603,708,745‌
)
(
593,080,248‌
)
(
222,881,477‌
)
(
853,494,589‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
1,757,826,756‌
4,719,590,532‌
1,542,578,388‌
2,721,533,617‌
Reinvestments
of
distributions
601,281,671‌
590,409,184‌
189,745,768‌
717,904,863‌
Redemptions
(
2,521,295,486‌
)
(
4,166,754,496‌
)
(
1,638,794,231‌
)
(
2,603,793,998‌
)
Net
increase
(decrease)
from
Fund
share
transactions
(
162,187,059‌
)
1,143,245,220‌
93,529,925‌
835,644,482‌
Net
increase
(decrease)
in
net
assets
6,839,885,570‌
3,340,072,077‌
2,323,515,771‌
1,627,386,667‌
Net
assets
at
the
beginning
of
period
36,115,117,782‌
32,775,045,705‌
10,533,235,155‌
8,905,848,488‌
Net
assets
at
the
end
of
period
$
42,955,003,352‌
$
36,115,117,782‌
$
12,856,750,926‌
$
10,533,235,155‌
For
the
year
ended
October
31,
2023,
represents
the
period
November
1,
2022
through
July
25,
2023
(date
of
dormancy)
for
Large-Cap
Growth
Index
Fund
and
Large-Cap
Value
Index
Fund,
and
the
period
November
1,
2022
through
August
9,
2023
(date
of
dormancy)
for
S&P
500
Index
Fund.
See
Notes
to
Financial
Statements.
See
Notes
to
Financial
Statements
177
4.3
Large
Cap
Value
Index
4.4
S&P
500
Index
4.5
Small
Cap
Blend
Index
4.6
Emerging
Markets
Equity
Index
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
$
96,919,237‌
$
187,848,263‌
$
64,235,793‌
$
119,721,371‌
$
19,647,245‌
$
57,951,851‌
$
60,846,081‌
$
146,611,419‌
(
29,871,878‌
)
256,087,747‌
9,069,000‌
17,862,383‌
(
24,752,978‌
)
36,288,256‌
(
62,690,795‌
)
(
286,482,679‌
)
1,372,949,392‌
(
438,129,888‌
)
1,561,276,233‌
541,591,244‌
561,509,377‌
(
353,574,986‌
)
738,331,186‌
618,843,393‌
1,439,996,751‌
5,806,122‌
1,634,581,026‌
679,174,998‌
556,403,644‌
(
259,334,879‌
)
736,486,472‌
478,972,133‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
–‌
(
491,613‌
)
(
372,258‌
)
(
5,116,228‌
)
(
265,489‌
)
(
2,052,396‌
)
(
2,113,552‌
)
(
447,340‌
)
(
209,212‌
)
(
147,073‌
)
(
79,329‌
)
–‌
–‌
–‌
–‌
–‌
–‌
(
256,445‌
)
(
598,262‌
)
(
346,074,951‌
)
(
293,530,808‌
)
(
92,610,354‌
)
(
91,036,182‌
)
(
82,901,086‌
)
(
47,564,081‌
)
(
35,218,813‌
)
(
28,459,777‌
)
(
64,593,220‌
)
(
50,588,919‌
)
(
29,749,791‌
)
(
29,436,459‌
)
(
18,512,544‌
)
(
11,362,316‌
)
(
17,569,792‌
)
(
11,169,469‌
)
–‌
(
1,666,335‌
)
–‌
(
401,306‌
)
–‌
–‌
(
126,351,017‌
)
(
87,913,014‌
)
(
415,784,399‌
)
(
346,051,551‌
)
(
124,412,541‌
)
(
122,987,499‌
)
(
101,860,970‌
)
(
59,135,609‌
)
(
180,034,753‌
)
(
128,592,109‌
)
1,290,589,446‌
1,376,760,635‌
449,763,287‌
1,190,754,690‌
256,174,996‌
454,422,860‌
554,734,962‌
1,351,477,545‌
359,538,958‌
296,542,822‌
122,951,682‌
120,987,386‌
99,980,070‌
58,028,385‌
180,001,479‌
128,546,447‌
(
939,412,434‌
)
(
1,306,308,825‌
)
(
538,579,336‌
)
(
878,809,119‌
)
(
333,566,155‌
)
(
710,381,947‌
)
(
304,458,821‌
)
(
1,161,570,431‌
)
710,715,970‌
366,994,632‌
34,135,633‌
432,932,957‌
22,588,911‌
(
197,930,702‌
)
430,277,620‌
318,453,561‌
1,734,928,322‌
26,749,203‌
1,544,304,118‌
989,120,456‌
477,131,585‌
(
516,401,190‌
)
986,729,339‌
668,833,585‌
7,983,453,302‌
7,956,704,099‌
7,842,881,275‌
6,853,760,819‌
2,786,679,019‌
3,303,080,209‌
5,217,127,393‌
4,548,293,808‌
$
9,718,381,624‌
$
7,983,453,302‌
$
9,387,185,393‌
$
7,842,881,275‌
$
3,263,810,604‌
$
2,786,679,019‌
$
6,203,856,732‌
$
5,217,127,393‌
Statement
of
Changes
in
Net
Assets
(continued)
See
Notes
to
Financial
Statements
178
(continued)
(continued)
Statement
of
Changes
in
Net
Assets
(continued)
4.7
International
Equity
Index
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
347,022,221‌
$
630,353,764‌
Net
realized
gain
(loss)
(
130,553,080‌
)
(
139,821,629‌
)
Net
change
in
unrealized
appreciation
(depreciation)
3,230,955,907‌
2,019,684,245‌
Net
increase
(decrease)
in
net
assets
from
operations
3,447,425,048‌
2,510,216,380‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
Dividends:
Class
I
(
15,540,494‌
)
(
3,855,007‌
)
Premier
Class
(
4,403,485‌
)
(
3,975,163‌
)
Class
R6
(
353,653,228‌
)
(
254,301,191‌
)
Retirement
Class
(
37,519,557‌
)
(
27,469,586‌
)
Class
W
(
287,041,379‌
)
(
210,876,436‌
)
Total
distributions
(
698,158,143‌
)
(
500,477,383‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
1,829,471,013‌
4,522,263,209‌
Reinvestments
of
distributions
680,909,346‌
493,204,229‌
Redemptions
(
1,543,550,923‌
)
(
3,740,363,868‌
)
Net
increase
(decrease)
from
Fund
share
transactions
966,829,436‌
1,275,103,570‌
Net
increase
(decrease)
in
net
assets
3,716,096,341‌
3,284,842,567‌
Net
assets
at
the
beginning
of
period
20,017,511,935‌
16,732,669,368‌
Net
assets
at
the
end
of
period
$
23,733,608,276‌
$
20,017,511,935‌
For
the
year
ended
October
31,
2023,
represents
the
period
November
1,
2022
through
July
25,
2023
(date
of
dormancy)
for
Large-Cap
Growth
Index
Fund
and
Large-Cap
Value
Index
Fund,
and
the
period
November
1,
2022
through
August
9,
2023
(date
of
dormancy)
for
S&P
500
Index
Fund.
See
Notes
to
Financial
Statements.
Financial
Highlights
See
Notes
to
Financial
Statements
180
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.1
Equity
Index
Class
A:
4/30/24
#
$
30.22‌
$
0.20‌
$
6.08‌
$
6.28‌
$
(0.41‌)
$
—‌
$
(0.41‌)
$
36.09‌
10/31/23
28.39‌
0.41‌
1.85‌
2.26‌
(0.36‌)
(0.07‌)
(0.43‌)
30.22‌
10/31/22
34.70‌
0.38‌
(6.07‌)
(5.69‌)
(0.32‌)
(0.30‌)
(0.62‌)
28.39‌
10/31/21
24.48‌
0.32‌
10.23‌
10.55‌
(0.33‌)
—‌
(0.33‌)
34.70‌
10/31/20
22.69‌
0.33‌
1.86‌
2.19‌
(0.35‌)
(0.05‌)
(0.40‌)
24.48‌
10/31/19
20.45‌
0.38‌
2.24‌
2.62‌
(0.31‌)
(0.07‌)
(0.38‌)
22.69‌
Class
I:
4/30/24
#
29.69‌
0.23‌
5.96‌
6.19‌
(0.46‌)
—‌
(0.46‌)
35.42‌
10/31/23
27.88‌
0.46‌
1.81‌
2.27‌
(0.39‌)
(0.07‌)
(0.46‌)
29.69‌
10/31/22
34.11‌
0.41‌
(5.95‌)
(5.54‌)
(0.39‌)
(0.30‌)
(0.69‌)
27.88‌
10/31/21
24.05‌
0.35‌
10.06‌
10.41‌
(0.35‌)
—‌
(0.35‌)
34.11‌
10/31/20
22.29‌
0.40‌
1.80‌
2.20‌
(0.39‌)
(0.05‌)
(0.44‌)
24.05‌
10/31/19
20.12‌
0.40‌
2.19‌
2.59‌
(0.35‌)
(0.07‌)
(0.42‌)
22.29‌
Premier
Class:
4/30/24
#
29.60‌
0.22‌
5.95‌
6.17‌
(0.44‌)
—‌
(0.44‌)
35.33‌
10/31/23
27.81‌
0.44‌
1.81‌
2.25‌
(0.39‌)
(0.07‌)
(0.46‌)
29.60‌
10/31/22
34.01‌
0.39‌
(5.93‌)
(5.54‌)
(0.36‌)
(0.30‌)
(0.66‌)
27.81‌
10/31/21
23.99‌
0.35‌
10.03‌
10.38‌
(0.36‌)
—‌
(0.36‌)
34.01‌
10/31/20
22.24‌
0.35‌
1.83‌
2.18‌
(0.38‌)
(0.05‌)
(0.43‌)
23.99‌
10/31/19
20.05‌
0.40‌
2.19‌
2.59‌
(0.33‌)
(0.07‌)
(0.40‌)
22.24‌
Class
R6:
4/30/24
#
29.69‌
0.24‌
5.98‌
6.22‌
(0.50‌)
—‌
(0.50‌)
35.41‌
10/31/23
27.90‌
0.48‌
1.81‌
2.29‌
(0.43‌)
(0.07‌)
(0.50‌)
29.69‌
10/31/22
34.12‌
0.44‌
(5.95‌)
(5.51‌)
(0.41‌)
(0.30‌)
(0.71‌)
27.90‌
10/31/21
24.07‌
0.39‌
10.06‌
10.45‌
(0.40‌)
—‌
(0.40‌)
34.12‌
10/31/20
22.31‌
0.39‌
1.84‌
2.23‌
(0.42‌)
(0.05‌)
(0.47‌)
24.07‌
10/31/19
20.12‌
0.43‌
2.20‌
2.63‌
(0.37‌)
(0.07‌)
(0.44‌)
22.31‌
Retirement
Class:
4/30/24
#
30.12‌
0.20‌
6.07‌
6.27‌
(0.42‌)
—‌
(0.42‌)
35.97‌
10/31/23
28.29‌
0.42‌
1.83‌
2.25‌
(0.35‌)
(0.07‌)
(0.42‌)
30.12‌
10/31/22
34.59‌
0.37‌
(6.04‌)
(5.67‌)
(0.33‌)
(0.30‌)
(0.63‌)
28.29‌
10/31/21
24.40‌
0.32‌
10.21‌
10.53‌
(0.34‌)
—‌
(0.34‌)
34.59‌
10/31/20
22.62‌
0.34‌
1.85‌
2.19‌
(0.36‌)
(0.05‌)
(0.41‌)
24.40‌
10/31/19
20.39‌
0.38‌
2.24‌
2.62‌
(0.32‌)
(0.07‌)
(0.39‌)
22.62‌
Class
W:
4/30/24
#
29.71‌
0.25‌
5.97‌
6.22‌
(0.51‌)
—‌
(0.51‌)
35.42‌
10/31/23
27.91‌
0.50‌
1.81‌
2.31‌
(0.44‌)
(0.07‌)
(0.51‌)
29.71‌
10/31/22
34.13‌
0.45‌
(5.94‌)
(5.49‌)
(0.43‌)
(0.30‌)
(0.73‌)
27.91‌
10/31/21
24.08‌
0.41‌
10.05‌
10.46‌
(0.41‌)
—‌
(0.41‌)
34.13‌
10/31/20
22.32‌
0.39‌
1.85‌
2.24‌
(0.43‌)
(0.05‌)
(0.48‌)
24.08‌
10/31/19
20.13‌
0.44‌
2.19‌
2.63‌
(0.37‌)
(0.07‌)
(0.44‌)
22.32‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
181
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
20.91‌
%
$
1,512,059‌
0.32‌
%
c
0.32‌
%
c
1.15‌
%
c
1‌
%
8.05‌
1,276,703‌
0.32‌
0.32‌
1.37‌
4‌
f
(16.70‌)
1,231,300‌
0.32‌
0.28‌
1.22‌
7‌
43.45‌
1,493,507‌
0.32‌
0.32‌
1.02‌
7‌
f
9.77‌
1,070,150‌
0.33‌
0.33‌
1.41‌
12‌
f
13.15‌
1,028,244‌
0.33‌
0.33‌
1.80‌
4‌
21.01‌
9,314‌
0.15‌
c
0.15‌
c
1.35‌
c
1‌
8.25‌
11,988‌
0.15‌
0.15‌
1.54‌
4‌
f
(16.59‌)
11,341‌
0.15‌
0.15‌
1.33‌
7‌
43.66‌
14,119‌
0.17‌
0.17‌
1.16‌
7‌
f
9.97‌
9,404‌
0.17‌
0.17‌
1.71‌
12‌
f
13.26‌
49,888‌
0.19‌
0.19‌
1.93‌
4‌
20.98‌
46,314‌
0.20‌
c
0.20‌
c
1.28‌
c
1‌
8.18‌
40,778‌
0.20‌
0.20‌
1.50‌
4‌
f
(16.62‌)
54,969‌
0.20‌
0.20‌
1.30‌
7‌
43.64‌
71,581‌
0.20‌
0.20‌
1.15‌
7‌
f
9.92‌
57,737‌
0.20‌
0.20‌
1.55‌
12‌
f
13.28‌
63,211‌
0.20‌
0.20‌
1.92‌
4‌
21.09‌
14,945,751‌
0.05‌
c
0.05‌
c
1.42‌
c
1‌
8.32‌
12,336,618‌
0.05‌
0.05‌
1.64‌
4‌
f
(16.50‌)
11,632,072‌
0.05‌
0.05‌
1.46‌
7‌
43.84‌
12,335,597‌
0.05‌
0.05‌
1.30‌
7‌
f
10.10‌
9,563,188‌
0.05‌
0.05‌
1.69‌
12‌
f
13.47‌
9,034,344‌
0.05‌
0.05‌
2.08‌
4‌
20.93‌
757,513‌
0.30‌
c
0.30‌
c
1.17‌
c
1‌
8.05‌
647,237‌
0.30‌
0.30‌
1.39‌
4‌
f
(16.71‌)
651,723‌
0.30‌
0.30‌
1.20‌
7‌
43.50‌
838,804‌
0.30‌
0.30‌
1.05‌
7‌
f
9.79‌
612,612‌
0.30‌
0.30‌
1.45‌
12‌
f
13.18‌
662,900‌
0.30‌
0.30‌
1.83‌
4‌
21.09‌
25,684,051‌
0.05‌
c
0.00‌
c
1.47‌
c
1‌
8.40‌
21,801,793‌
0.05‌
0.00‌
1.68‌
4‌
f
(16.46‌)
19,193,641‌
0.05‌
0.00‌
1.50‌
7‌
43.88‌
20,403,908‌
0.05‌
0.00‌
1.34‌
7‌
f
10.14‌
14,941,901‌
0.05‌
0.00‌
1.71‌
12‌
f
13.48‌
11,566,892‌
0.05‌
0.00‌
2.13‌
4‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
182
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.2
Large
Cap
Growth
Index
Class
I:
4/30/24
#
$
45
.52‌
$
0
.17‌
$
10
.44‌
$
10
.61‌
$
(
0
.36‌
)
$
(
0
.59‌
)
$
(
0
.95‌
)
$
55
.18‌
10/31/23
42
.34‌
0
.33‌
6
.88‌
7
.21‌
(
0
.36‌
)
(
3
.67‌
)
(
4
.03‌
)
45
.52‌
10/31/22
61
.13‌
0
.35‌
(
14
.14‌
)
(
13
.79‌
)
(
0
.44‌
)
(
4
.56‌
)
(
5
.00‌
)
42
.34‌
10/31/21
43
.57‌
0
.32‌
18
.12‌
18
.44‌
(
0
.29‌
)
(
0
.59‌
)
(
0
.88‌
)
61
.13‌
10/31/20
34
.57‌
0
.33‌
9
.50‌
9
.83‌
(
0
.36‌
)
(
0
.47‌
)
(
0
.83‌
)
43
.57‌
10/31/19
30
.68‌
0
.37‌
4
.59‌
4
.96‌
(
0
.36‌
)
(
0
.71‌
)
(
1
.07‌
)
34
.57‌
Class
R6:
4/30/24
#
45
.62‌
0
.20‌
10
.45‌
10
.65‌
(
0
.39‌
)
(
0
.59‌
)
(
0
.98‌
)
55
.29‌
10/31/23
42
.43‌
0
.39‌
6
.88‌
7
.27‌
(
0
.41‌
)
(
3
.67‌
)
(
4
.08‌
)
45
.62‌
10/31/22
61
.25‌
0
.41‌
(
14
.17‌
)
(
13
.76‌
)
(
0
.50‌
)
(
4
.56‌
)
(
5
.06‌
)
42
.43‌
10/31/21
43
.65‌
0
.39‌
18
.15‌
18
.54‌
(
0
.35‌
)
(
0
.59‌
)
(
0
.94‌
)
61
.25‌
10/31/20
34
.63‌
0
.39‌
9
.50‌
9
.89‌
(
0
.40‌
)
(
0
.47‌
)
(
0
.87‌
)
43
.65‌
10/31/19
30
.73‌
0
.41‌
4
.59‌
5
.00‌
(
0
.39‌
)
(
0
.71‌
)
(
1
.10‌
)
34
.63‌
Retirement
Class:
4/30/24
#
45
.97‌
0
.13‌
10
.54‌
10
.67‌
(
0
.28‌
)
(
0
.59‌
)
(
0
.87‌
)
55
.77‌
10/31/23
42
.70‌
0
.29‌
6
.94‌
7
.23‌
(
0
.29‌
)
(
3
.67‌
)
(
3
.96‌
)
45
.97‌
10/31/22
61
.61‌
0
.29‌
(
14
.28‌
)
(
13
.99‌
)
(
0
.36‌
)
(
4
.56‌
)
(
4
.92‌
)
42
.70‌
10/31/21
43
.91‌
0
.26‌
18
.27‌
18
.53‌
(
0
.24‌
)
(
0
.59‌
)
(
0
.83‌
)
61
.61‌
10/31/20
34
.83‌
0
.29‌
9
.57‌
9
.86‌
(
0
.31‌
)
(
0
.47‌
)
(
0
.78‌
)
43
.91‌
10/31/19
30
.89‌
0
.33‌
4
.63‌
4
.96‌
(
0
.31‌
)
(
0
.71‌
)
(
1
.02‌
)
34
.83‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
183
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
23
.53‌
%
$
188,646‌
0
.16‌
%
c
0
.16‌
%
c
0
.63‌
%
c
9‌
%
18
.74‌
170,531‌
0
.16‌
0
.16‌
0
.76‌
32‌
f
(
24
.73‌
)
84,495‌
0
.16‌
0
.16‌
0
.72‌
34‌
42
.93‌
81,993‌
0
.17‌
0
.17‌
0
.61‌
31‌
29
.00‌
63,667‌
0
.18‌
0
.18‌
0
.86‌
33‌
f
16
.90‌
49,158‌
0
.18‌
0
.18‌
1
.16‌
28‌
23
.58‌
11,566,624‌
0
.05‌
c
0
.05‌
c
0
.74‌
c
9‌
18
.86‌
9,494,986‌
0
.05‌
0
.05‌
0
.90‌
32‌
f
(
24
.65‌
)
8,034,639‌
0
.05‌
0
.05‌
0
.84‌
34‌
43
.11‌
10,180,858‌
0
.05‌
0
.05‌
0
.73‌
31‌
29
.14‌
7,537,182‌
0
.05‌
0
.05‌
1
.00‌
33‌
f
17
.03‌
6,833,846‌
0
.05‌
0
.05‌
1
.28‌
28‌
23
.41‌
1,101,481‌
0
.30‌
c
0
.30‌
c
0
.49‌
c
9‌
18
.58‌
867,718‌
0
.30‌
0
.30‌
0
.66‌
32‌
f
(
24
.84‌
)
757,262‌
0
.30‌
0
.30‌
0
.58‌
34‌
42
.77‌
1,085,055‌
0
.30‌
0
.30‌
0
.48‌
31‌
28
.84‌
855,735‌
0
.30‌
0
.30‌
0
.74‌
33‌
f
16
.75‌
688,063‌
0
.30‌
0
.30‌
1
.05‌
28‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
184
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.3
Large
Cap
Value
Index
Class
I:
4/30/24
#
$
21
.35‌
$
0
.25‌
$
3
.56‌
$
3
.81‌
$
(
0
.52‌
)
$
(
0
.60‌
)
$
(
1
.12‌
)
$
24
.04‌
10/31/23
22
.24‌
0
.47‌
(
0
.45‌
)
0
.02‌
(
0
.42‌
)
(
0
.49‌
)
(
0
.91‌
)
21
.35‌
10/31/22
24
.82‌
0
.44‌
(
2
.14‌
)
(
1
.70‌
)
(
0
.41‌
)
(
0
.47‌
)
(
0
.88‌
)
22
.24‌
10/31/21
17
.67‌
0
.36‌
7
.22‌
7
.58‌
(
0
.43‌
)
—‌
(
0
.43‌
)
24
.82‌
10/31/20
20
.49‌
0
.48‌
(
1
.90‌
)
(
1
.42‌
)
(
0
.54‌
)
(
0
.86‌
)
(
1
.40‌
)
17
.67‌
10/31/19
19
.26‌
0
.55‌
1
.46‌
2
.01‌
(
0
.47‌
)
(
0
.31‌
)
(
0
.78‌
)
20
.49‌
Class
R6:
4/30/24
#
21
.34‌
0
.26‌
3
.56‌
3
.82‌
(
0
.53‌
)
(
0
.60‌
)
(
1
.13‌
)
24
.03‌
10/31/23
22
.29‌
0
.52‌
(
0
.48‌
)
0
.04‌
(
0
.50‌
)
(
0
.49‌
)
(
0
.99‌
)
21
.34‌
10/31/22
24
.89‌
0
.48‌
(
2
.16‌
)
(
1
.68‌
)
(
0
.45‌
)
(
0
.47‌
)
(
0
.92‌
)
22
.29‌
10/31/21
17
.72‌
0
.44‌
7
.19‌
7
.63‌
(
0
.46‌
)
—‌
(
0
.46‌
)
24
.89‌
10/31/20
20
.54‌
0
.46‌
(
1
.85‌
)
(
1
.39‌
)
(
0
.57‌
)
(
0
.86‌
)
(
1
.43‌
)
17
.72‌
10/31/19
19
.30‌
0
.57‌
1
.47‌
2
.04‌
(
0
.49‌
)
(
0
.31‌
)
(
0
.80‌
)
20
.54‌
Retirement
Class:
4/30/24
#
21
.74‌
0
.23‌
3
.64‌
3
.87‌
(
0
.48‌
)
(
0
.60‌
)
(
1
.08‌
)
24
.53‌
10/31/23
22
.68‌
0
.48‌
(
0
.48‌
)
—‌
(
0
.45‌
)
(
0
.49‌
)
(
0
.94‌
)
21
.74‌
10/31/22
25
.32‌
0
.43‌
(
2
.20‌
)
(
1
.77‌
)
(
0
.40‌
)
(
0
.47‌
)
(
0
.87‌
)
22
.68‌
10/31/21
18
.03‌
0
.39‌
7
.32‌
7
.71‌
(
0
.42‌
)
—‌
(
0
.42‌
)
25
.32‌
10/31/20
20
.87‌
0
.42‌
(
1
.88‌
)
(
1
.46‌
)
(
0
.52‌
)
(
0
.86‌
)
(
1
.38‌
)
18
.03‌
10/31/19
19
.59‌
0
.53‌
1
.50‌
2
.03‌
(
0
.44‌
)
(
0
.31‌
)
(
0
.75‌
)
20
.87‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
185
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
18
.31‌
%
$
106,209‌
0
.17‌
%
c
0
.17‌
%
c
2
.11‌
%
c
11‌
%
(
0
.04‌
)
101,091‌
0
.18‌
0
.18‌
2
.15‌
26‌
f
(
7
.11‌
)
17,967‌
0
.19‌
0
.19‌
1
.92‌
21‌
43
.47‌
16,207‌
0
.19‌
0
.19‌
1
.60‌
29‌
(
7
.63‌
)
9,094‌
0
.19‌
0
.19‌
2
.54‌
33‌
f
11
.00‌
31,051‌
0
.19‌
0
.19‌
2
.85‌
38‌
18
.38‌
8,146,928‌
0
.05‌
c
0
.05‌
c
2
.22‌
c
11‌
0
.09‌
6,571,229‌
0
.05‌
0
.05‌
2
.34‌
26‌
f
(
6
.99‌
)
6,667,880‌
0
.05‌
0
.05‌
2
.08‌
21‌
43
.69‌
7,684,426‌
0
.05‌
0
.05‌
1
.93‌
29‌
(
7
.51‌
)
5,586,461‌
0
.05‌
0
.05‌
2
.52‌
33‌
f
11
.13‌
5,973,386‌
0
.05‌
0
.05‌
2
.97‌
38‌
18
.22‌
1,465,245‌
0
.30‌
c
0
.30‌
c
1
.98‌
c
11‌
(
0
.13‌
)
1,311,133‌
0
.30‌
0
.30‌
2
.09‌
26‌
f
(
7
.25‌
)
1,233,751‌
0
.30‌
0
.30‌
1
.83‌
21‌
43
.28‌
1,279,443‌
0
.30‌
0
.30‌
1
.67‌
29‌
(
7
.71‌
)
821,535‌
0
.30‌
0
.30‌
2
.29‌
33‌
f
10
.85‌
877,423‌
0
.30‌
0
.30‌
2
.71‌
38‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
186
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.4
S&P
500
Index
Class
I:
4/30/24
#
$
46.21‌
$
0.36‌
$
9.21‌
$
9.57‌
$
(0.71‌)
$
—‌
$
(0.71‌)
$
55.07‌
10/31/23
42.76‌
0.69‌
3.51‌
4.20‌
(0.64‌)
(0.11‌)
(0.75‌)
46.21‌
10/31/22
50.99‌
0.63‌
(8.00‌)
(7.37‌)
(0.57‌)
(0.29‌)
(0.86‌)
42.76‌
10/31/21
36.27‌
0.56‌
14.74‌
15.30‌
(0.58‌)
—‌
(0.58‌)
50.99‌
10/31/20
33.82‌
0.57‌
2.61‌
3.18‌
(0.63‌)
(0.10‌)
(0.73‌)
36.27‌
10/31/19
30.43‌
0.64‌
3.52‌
4.16‌
(0.55‌)
(0.22‌)
(0.77‌)
33.82‌
Class
R6:
4/30/24
#
46.33‌
0.40‌
9.22‌
9.62‌
(0.77‌)
—‌
(0.77‌)
55.18‌
10/31/23
42.87‌
0.76‌
3.50‌
4.26‌
(0.69‌)
(0.11‌)
(0.80‌)
46.33‌
10/31/22
51.11‌
0.69‌
(8.00‌)
(7.31‌)
(0.64‌)
(0.29‌)
(0.93‌)
42.87‌
10/31/21
36.35‌
0.62‌
14.77‌
15.39‌
(0.63‌)
—‌
(0.63‌)
51.11‌
10/31/20
33.88‌
0.62‌
2.61‌
3.23‌
(0.66‌)
(0.10‌)
(0.76‌)
36.35‌
10/31/19
30.48‌
0.68‌
3.53‌
4.21‌
(0.59‌)
(0.22‌)
(0.81‌)
33.88‌
Retirement
Class:
4/30/24
#
45.91‌
0.32‌
9.16‌
9.48‌
(0.65‌)
—‌
(0.65‌)
54.74‌
10/31/23
42.49‌
0.64‌
3.47‌
4.11‌
(0.58‌)
(0.11‌)
(0.69‌)
45.91‌
10/31/22
50.67‌
0.57‌
(7.94‌)
(7.37‌)
(0.52‌)
(0.29‌)
(0.81‌)
42.49‌
10/31/21
36.06‌
0.51‌
14.64‌
15.15‌
(0.54‌)
—‌
(0.54‌)
50.67‌
10/31/20
33.62‌
0.53‌
2.60‌
3.13‌
(0.59‌)
(0.10‌)
(0.69‌)
36.06‌
10/31/19
30.24‌
0.60‌
3.51‌
4.11‌
(0.51‌)
(0.22‌)
(0.73‌)
33.62‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
187
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
20.86‌
%
$
157,951‌
0.18‌
%
c
0.18‌
%
c
1.36‌
%
c
1‌
%
9.95‌
134,151‌
0.18‌
0.18‌
1.52‌
2‌
f
(14.74‌)
114,843‌
0.18‌
0.18‌
1.35‌
5‌
42.63‌
134,424‌
0.18‌
0.18‌
1.25‌
7‌
f
9.51‌
103,558‌
0.18‌
0.18‌
1.65‌
7‌
14.12‌
88,735‌
0.19‌
0.19‌
2.05‌
5‌
20.92‌
6,632,364‌
0.05‌
c
0.05‌
c
1.49‌
c
1‌
10.09‌
5,617,665‌
0.05‌
0.05‌
1.65‌
2‌
f
(14.62‌)
4,933,068‌
0.05‌
0.05‌
1.47‌
5‌
42.82‌
6,310,496‌
0.05‌
0.05‌
1.38‌
7‌
f
9.67‌
4,426,743‌
0.05‌
0.05‌
1.78‌
7‌
14.27‌
4,038,596‌
0.05‌
0.05‌
2.17‌
5‌
20.79‌
2,596,870‌
0.30‌
c
0.30‌
c
1.23‌
c
1‌
9.80‌
2,091,065‌
0.30‌
0.30‌
1.40‌
2‌
f
(14.83‌)
1,784,834‌
0.30‌
0.30‌
1.23‌
5‌
42.43‌
2,107,555‌
0.30‌
0.30‌
1.13‌
7‌
f
9.41‌
1,510,268‌
0.30‌
0.30‌
1.53‌
7‌
14.01‌
1,366,911‌
0.30‌
0.30‌
1.92‌
5‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
188
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.5
Small
Cap
Blend
Index
Class
I:
4/30/24
#
$
19
.13‌
$
0
.11‌
$
3
.59‌
$
3
.70‌
$
(
0
.37‌
)
$
(
0
.30‌
)
$
(
0
.67‌
)
$
22
.16‌
10/31/23
21
.29‌
0
.36‌
(
2
.16‌
)
(
1
.80‌
)
(
0
.29‌
)
(
0
.07‌
)
(
0
.36‌
)
19
.13‌
10/31/22
28
.48‌
0
.28‌
(
5
.20‌
)
(
4
.92‌
)
(
0
.29‌
)
(
1
.98‌
)
(
2
.27‌
)
21
.29‌
10/31/21
19
.41‌
0
.23‌
9
.46‌
9
.69‌
(
0
.23‌
)
(
0
.39‌
)
(
0
.62‌
)
28
.48‌
10/31/20
20
.43‌
0
.19‌
(
0
.16‌
)
0
.03‌
(
0
.26‌
)
(
0
.79‌
)
(
1
.05‌
)
19
.41‌
10/31/19
21
.15‌
0
.30‌
0
.57‌
0
.87‌
(
0
.25‌
)
(
1
.34‌
)
(
1
.59‌
)
20
.43‌
Class
R6:
4/30/24
#
19
.17‌
0
.14‌
3
.60‌
3
.74‌
(
0
.40‌
)
(
0
.30‌
)
(
0
.70‌
)
22
.21‌
10/31/23
21
.34‌
0
.39‌
(
2
.17‌
)
(
1
.78‌
)
(
0
.32‌
)
(
0
.07‌
)
(
0
.39‌
)
19
.17‌
10/31/22
28
.54‌
0
.32‌
(
5
.22‌
)
(
4
.90‌
)
(
0
.32‌
)
(
1
.98‌
)
(
2
.30‌
)
21
.34‌
10/31/21
19
.45‌
0
.27‌
9
.47‌
9
.74‌
(
0
.26‌
)
(
0
.39‌
)
(
0
.65‌
)
28
.54‌
10/31/20
20
.46‌
0
.22‌
(
0
.15‌
)
0
.07‌
(
0
.29‌
)
(
0
.79‌
)
(
1
.08‌
)
19
.45‌
10/31/19
21
.18‌
0
.31‌
0
.59‌
0
.90‌
(
0
.28‌
)
(
1
.34‌
)
(
1
.62‌
)
20
.46‌
Retirement
Class:
4/30/24
#
19
.25‌
0
.11‌
3
.60‌
3
.71‌
(
0
.34‌
)
(
0
.30‌
)
(
0
.64‌
)
22
.32‌
10/31/23
21
.41‌
0
.34‌
(
2
.17‌
)
(
1
.83‌
)
(
0
.26‌
)
(
0
.07‌
)
(
0
.33‌
)
19
.25‌
10/31/22
28
.62‌
0
.26‌
(
5
.24‌
)
(
4
.98‌
)
(
0
.25‌
)
(
1
.98‌
)
(
2
.23‌
)
21
.41‌
10/31/21
19
.51‌
0
.20‌
9
.51‌
9
.71‌
(
0
.21‌
)
(
0
.39‌
)
(
0
.60‌
)
28
.62‌
10/31/20
20
.52‌
0
.17‌
(
0
.15‌
)
0
.02‌
(
0
.24‌
)
(
0
.79‌
)
(
1
.03‌
)
19
.51‌
10/31/19
21
.23‌
0
.26‌
0
.60‌
0
.86‌
(
0
.23‌
)
(
1
.34‌
)
(
1
.57‌
)
20
.52‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
189
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
19
.55‌
%
$
23,762‌
0
.50‌
%
c
0
.21‌
%
c
1
.00‌
%
c
7‌
%
(
8
.56‌
)
11,803‌
0
.71‌
0
.20‌
1
.71‌
16‌
(
18
.53‌
)
12,338‌
0
.67‌
0
.21‌
1
.22‌
25‌
50
.57‌
13,774‌
0
.76‌
0
.20‌
0
.85‌
33‌
(
0
.11‌
)
8,823‌
1
.08‌
0
.20‌
1
.01‌
32‌
f
4
.83‌
7,980‌
0
.84‌
0
.21‌
1
.52‌
32‌
19
.72‌
2,611,784‌
0
.06‌
c
0
.06‌
c
1
.25‌
c
7‌
(
8
.43‌
)
2,204,534‌
0
.05‌
0
.05‌
1
.86‌
16‌
(
18
.42‌
)
2,548,376‌
0
.06‌
0
.06‌
1
.38‌
25‌
50
.75‌
3,552,723‌
0
.05‌
0
.05‌
1
.00‌
33‌
0
.08‌
2,308,446‌
0
.06‌
0
.06‌
1
.16‌
32‌
f
4
.98‌
2,308,296‌
0
.06‌
0
.06‌
1
.58‌
32‌
19
.47‌
628,264‌
0
.31‌
c
0
.31‌
c
1
.01‌
c
7‌
(
8
.62‌
)
570,342‌
0
.30‌
0
.30‌
1
.62‌
16‌
(
18
.63‌
)
742,366‌
0
.31‌
0
.31‌
1
.12‌
25‌
50
.39‌
1,095,078‌
0
.30‌
0
.30‌
0
.75‌
33‌
(
0
.16‌
)
791,714‌
0
.30‌
0
.30‌
0
.92‌
32‌
f
4
.72‌
791,066‌
0
.31‌
0
.31‌
1
.33‌
32‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
190
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.6
Emerging
Markets
Equity
Index
Class
A:
4/30/24
#
$
9
.57‌
$
0
.08‌
$
1
.19‌
$
1
.27‌
$
(
0
.28‌
)
$
—‌
$
(
0
.28‌
)
$
10
.56‌
10/31/23
8
.87‌
0
.23‌
0
.68‌
0
.91‌
(
0
.21‌
)
—‌
(
0
.21‌
)
9
.57‌
10/31/22
13
.13‌
0
.28‌
(
4
.30‌
)
(
4
.02‌
)
(
0
.24‌
)
—‌
(
0
.24‌
)
8
.87‌
10/31/21
11
.59‌
0
.22‌
1
.55‌
1
.77‌
(
0
.23‌
)
—‌
(
0
.23‌
)
13
.13‌
10/31/20
11
.00‌
0
.19‌
0
.68‌
0
.87‌
(
0
.28‌
)
—‌
(
0
.28‌
)
11
.59‌
10/31/19
10
.09‌
0
.29‌
0
.82‌
1
.11‌
(
0
.20‌
)
—‌
(
0
.20‌
)
11
.00‌
Class
I:
4/30/24
#
9
.64‌
0
.09‌
1
.20‌
1
.29‌
(
0
.31‌
)
—‌
(
0
.31‌
)
10
.62‌
10/31/23
8
.93‌
0
.24‌
0
.69‌
0
.93‌
(
0
.22‌
)
—‌
(
0
.22‌
)
9
.64‌
10/31/22
13
.23‌
0
.33‌
(
4
.36‌
)
(
4
.03‌
)
(
0
.27‌
)
—‌
(
0
.27‌
)
8
.93‌
10/31/21
11
.65‌
0
.24‌
1
.57‌
1
.81‌
(
0
.23‌
)
—‌
(
0
.23‌
)
13
.23‌
10/31/20
11
.06‌
0
.18‌
0
.71‌
0
.89‌
(
0
.30‌
)
—‌
(
0
.30‌
)
11
.65‌
10/31/19
10
.13‌
0
.35‌
0
.80‌
1
.15‌
(
0
.22‌
)
—‌
(
0
.22‌
)
11
.06‌
Premier
Class:
4/30/24
#
9
.58‌
0
.09‌
1
.20‌
1
.29‌
(
0
.29‌
)
—‌
(
0
.29‌
)
10
.58‌
10/31/23
8
.88‌
0
.25‌
0
.68‌
0
.93‌
(
0
.23‌
)
—‌
(
0
.23‌
)
9
.58‌
10/31/22
13
.15‌
0
.31‌
(
4
.32‌
)
(
4
.01‌
)
(
0
.26‌
)
—‌
(
0
.26‌
)
8
.88‌
10/31/21
11
.60‌
0
.25‌
1
.55‌
1
.80‌
(
0
.25‌
)
—‌
(
0
.25‌
)
13
.15‌
10/31/20
11
.02‌
0
.21‌
0
.67‌
0
.88‌
(
0
.30‌
)
—‌
(
0
.30‌
)
11
.60‌
10/31/19
10
.10‌
0
.32‌
0
.82‌
1
.14‌
(
0
.22‌
)
—‌
(
0
.22‌
)
11
.02‌
Class
R6:
4/30/24
#
9
.61‌
0
.10‌
1
.20‌
1
.30‌
(
0
.32‌
)
—‌
(
0
.32‌
)
10
.59‌
10/31/23
8
.91‌
0
.27‌
0
.68‌
0
.95‌
(
0
.25‌
)
—‌
(
0
.25‌
)
9
.61‌
10/31/22
13
.20‌
0
.32‌
(
4
.32‌
)
(
4
.00‌
)
(
0
.29‌
)
—‌
(
0
.29‌
)
8
.91‌
10/31/21
11
.64‌
0
.27‌
1
.56‌
1
.83‌
(
0
.27‌
)
—‌
(
0
.27‌
)
13
.20‌
10/31/20
11
.05‌
0
.23‌
0
.68‌
0
.91‌
(
0
.32‌
)
—‌
(
0
.32‌
)
11
.64‌
10/31/19
10
.14‌
0
.30‌
0
.85‌
1
.15‌
(
0
.24‌
)
—‌
(
0
.24‌
)
11
.05‌
Retirement
Class:
4/30/24
#
9
.55‌
0
.09‌
1
.20‌
1
.29‌
(
0
.30‌
)
—‌
(
0
.30‌
)
10
.54‌
10/31/23
8
.86‌
0
.24‌
0
.67‌
0
.91‌
(
0
.22‌
)
—‌
(
0
.22‌
)
9
.55‌
10/31/22
13
.12‌
0
.29‌
(
4
.30‌
)
(
4
.01‌
)
(
0
.25‌
)
—‌
(
0
.25‌
)
8
.86‌
10/31/21
11
.57‌
0
.24‌
1
.55‌
1
.79‌
(
0
.24‌
)
—‌
(
0
.24‌
)
13
.12‌
10/31/20
11
.00‌
0
.20‌
0
.67‌
0
.87‌
(
0
.30‌
)
—‌
(
0
.30‌
)
11
.57‌
10/31/19
10
.08‌
0
.32‌
0
.81‌
1
.13‌
(
0
.21‌
)
—‌
(
0
.21‌
)
11
.00‌
Class
W:
4/30/24
#
9
.64‌
0
.11‌
1
.20‌
1
.31‌
(
0
.34‌
)
—‌
(
0
.34‌
)
10
.61‌
10/31/23
8
.94‌
0
.29‌
0
.67‌
0
.96‌
(
0
.26‌
)
—‌
(
0
.26‌
)
9
.64‌
10/31/22
13
.23‌
0
.34‌
(
4
.33‌
)
(
3
.99‌
)
(
0
.30‌
)
—‌
(
0
.30‌
)
8
.94‌
10/31/21
11
.66‌
0
.29‌
1
.57‌
1
.86‌
(
0
.29‌
)
—‌
(
0
.29‌
)
13
.23‌
10/31/20
11
.07‌
0
.26‌
0
.67‌
0
.93‌
(
0
.34‌
)
—‌
(
0
.34‌
)
11
.66‌
10/31/19
10
.14‌
0
.37‌
0
.81‌
1
.18‌
(
0
.25‌
)
—‌
(
0
.25‌
)
11
.07‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
191
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
13
.52‌
%
$
16,871‌
0
.50‌
%
c
0
.50‌
%
c
1
.62‌
%
c
1‌
%
10
.20‌
16,665‌
0
.49‌
0
.49‌
2
.31‌
14‌
(
31
.19‌
)
16,002‌
0
.53‌
0
.50‌
2
.51‌
7‌
15
.32‌
23,317‌
0
.56‌
0
.56‌
1
.65‌
33‌
f
8
.07‌
15,221‌
0
.57‌
0
.57‌
1
.73‌
36‌
11
.16‌
14,225‌
0
.57‌
0
.57‌
2
.74‌
53‌
13
.62‌
4,605‌
0
.29‌
c
0
.29‌
c
1
.83‌
c
1‌
10
.32‌
4,602‌
0
.29‌
0
.29‌
2
.37‌
14‌
(
31
.08‌
)
6,895‌
0
.33‌
0
.33‌
3
.01‌
7‌
15
.61‌
4,300‌
0
.32‌
0
.32‌
1
.77‌
33‌
f
8
.28‌
2,449‌
0
.34‌
0
.34‌
1
.62‌
36‌
11
.52‌
12,105‌
0
.34‌
0
.34‌
3
.34‌
53‌
13
.65‌
10,514‌
0
.31‌
c
0
.31‌
c
1
.85‌
c
1‌
10
.39‌
8,771‌
0
.31‌
0
.31‌
2
.43‌
14‌
(
31
.06‌
)
22,113‌
0
.34‌
0
.34‌
2
.74‌
7‌
15
.58‌
28,510‌
0
.33‌
0
.33‌
1
.80‌
33‌
f
8
.21‌
25,218‌
0
.35‌
0
.35‌
1
.90‌
36‌
11
.52‌
26,772‌
0
.35‌
0
.35‌
3
.00‌
53‌
13
.76‌
1,219,742‌
0
.16‌
c
0
.16‌
c
1
.99‌
c
1‌
10
.52‌
1,053,054‌
0
.16‌
0
.16‌
2
.63‌
14‌
(
30
.98‌
)
1,010,505‌
0
.19‌
0
.19‌
2
.91‌
7‌
15
.77‌
1,165,241‌
0
.18‌
0
.18‌
1
.96‌
33‌
f
8
.43‌
921,818‌
0
.20‌
0
.20‌
2
.13‌
36‌
11
.60‌
824,509‌
0
.20‌
0
.20‌
2
.80‌
53‌
13
.68‌
677,589‌
0
.41‌
c
0
.41‌
c
1
.75‌
c
1‌
10
.19‌
562,249‌
0
.41‌
0
.41‌
2
.41‌
14‌
(
31
.12‌
)
438,986‌
0
.44‌
0
.44‌
2
.64‌
7‌
15
.55‌
556,244‌
0
.43‌
0
.43‌
1
.74‌
33‌
f
8
.06‌
428,964‌
0
.45‌
0
.45‌
1
.89‌
36‌
11
.43‌
325,179‌
0
.45‌
0
.45‌
2
.97‌
53‌
13
.79‌
4,274,536‌
0
.16‌
c
0.00‌
c
2
.16‌
c
1‌
10
.69‌
3,571,788‌
0
.16‌
0.00‌
2
.82‌
14‌
(
30
.81‌
)
3,053,793‌
0
.19‌
0.00‌
3
.07‌
7‌
16
.00‌
3,377,750‌
0
.18‌
0.00‌
2
.17‌
33‌
f
8
.60‌
2,131,058‌
0
.20‌
0
.01‌
2
.37‌
36‌
11
.86‌
1,399,712‌
0
.20‌
0.00‌
3
.50‌
53‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
192
Financial
Highlights
(continued)
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
4.7
International
Equity
Index
Class
I:
4/30/24
#
$
19
.71‌
$
0
.22‌
$
3
.10‌
$
3
.32‌
$
(
0
.65‌
)
$
—‌
$
(
0
.65‌
)
$
22
.38‌
10/31/23
17
.56‌
0
.72‌
1
.95‌
2
.67‌
(
0
.52‌
)
—‌
(
0
.52‌
)
19
.71‌
10/31/22
23
.51‌
0
.61‌
(
5
.89‌
)
(
5
.28‌
)
(
0
.67‌
)
—‌
(
0
.67‌
)
17
.56‌
10/31/21
17
.90‌
0
.59‌
5
.42‌
6
.01‌
(
0
.40‌
)
—‌
(
0
.40‌
)
23
.51‌
10/31/20
19
.75‌
0
.43‌
(
1
.68‌
)
(
1
.25‌
)
(
0
.60‌
)
—‌
(
0
.60‌
)
17
.90‌
10/31/19
18
.34‌
0
.58‌
1
.38‌
1
.96‌
(
0
.55‌
)
—‌
(
0
.55‌
)
19
.75‌
Premier
Class:
4/30/24
#
19
.70‌
0
.32‌
2
.98‌
3
.30‌
(
0
.65‌
)
—‌
(
0
.65‌
)
22
.35‌
10/31/23
17
.55‌
0
.61‌
2
.05‌
2
.66‌
(
0
.51‌
)
—‌
(
0
.51‌
)
19
.70‌
10/31/22
23
.48‌
0
.59‌
(
5
.87‌
)
(
5
.28‌
)
(
0
.65‌
)
—‌
(
0
.65‌
)
17
.55‌
10/31/21
17
.87‌
0
.58‌
5
.42‌
6
.00‌
(
0
.39‌
)
—‌
(
0
.39‌
)
23
.48‌
10/31/20
19
.71‌
0
.42‌
(
1
.67‌
)
(
1
.25‌
)
(
0
.59‌
)
—‌
(
0
.59‌
)
17
.87‌
10/31/19
18
.31‌
0
.59‌
1
.36‌
1
.95‌
(
0
.55‌
)
—‌
(
0
.55‌
)
19
.71‌
Class
R6:
4/30/24
#
19
.75‌
0
.33‌
3
.01‌
3
.34‌
(
0
.69‌
)
—‌
(
0
.69‌
)
22
.40‌
10/31/23
17
.60‌
0
.64‌
2
.05‌
2
.69‌
(
0
.54‌
)
—‌
(
0
.54‌
)
19
.75‌
10/31/22
23
.56‌
0
.64‌
(
5
.91‌
)
(
5
.27‌
)
(
0
.69‌
)
—‌
(
0
.69‌
)
17
.60‌
10/31/21
17
.93‌
0
.61‌
5
.44‌
6
.05‌
(
0
.42‌
)
—‌
(
0
.42‌
)
23
.56‌
10/31/20
19
.77‌
0
.45‌
(
1
.67‌
)
(
1
.22‌
)
(
0
.62‌
)
—‌
(
0
.62‌
)
17
.93‌
10/31/19
18
.37‌
0
.61‌
1
.37‌
1
.98‌
(
0
.58‌
)
—‌
(
0
.58‌
)
19
.77‌
Retirement
Class:
4/30/24
#
20
.22‌
0
.31‌
3
.07‌
3
.38‌
(
0
.63‌
)
—‌
(
0
.63‌
)
22
.97‌
10/31/23
18
.00‌
0
.60‌
2
.11‌
2
.71‌
(
0
.49‌
)
—‌
(
0
.49‌
)
20
.22‌
10/31/22
24
.08‌
0
.60‌
(
6
.05‌
)
(
5
.45‌
)
(
0
.63‌
)
—‌
(
0
.63‌
)
18
.00‌
10/31/21
18
.32‌
0
.57‌
5
.56‌
6
.13‌
(
0
.37‌
)
—‌
(
0
.37‌
)
24
.08‌
10/31/20
20
.20‌
0
.41‌
(
1
.72‌
)
(
1
.31‌
)
(
0
.57‌
)
—‌
(
0
.57‌
)
18
.32‌
10/31/19
18
.74‌
0
.59‌
1
.40‌
1
.99‌
(
0
.53‌
)
—‌
(
0
.53‌
)
20
.20‌
Class
W:
4/30/24
#
19
.77‌
0
.34‌
3
.00‌
3
.34‌
(
0
.70‌
)
—‌
(
0
.70‌
)
22
.41‌
10/31/23
17
.61‌
0
.65‌
2
.06‌
2
.71‌
(
0
.55‌
)
—‌
(
0
.55‌
)
19
.77‌
10/31/22
23
.57‌
0
.65‌
(
5
.91‌
)
(
5
.26‌
)
(
0
.70‌
)
—‌
(
0
.70‌
)
17
.61‌
10/31/21
17
.94‌
0
.63‌
5
.43‌
6
.06‌
(
0
.43‌
)
—‌
(
0
.43‌
)
23
.57‌
10/31/20
19
.78‌
0
.46‌
(
1
.68‌
)
(
1
.22‌
)
(
0
.62‌
)
—‌
(
0
.62‌
)
17
.94‌
10/31/19
18
.37‌
0
.63‌
1
.36‌
1
.99‌
(
0
.58‌
)
—‌
(
0
.58‌
)
19
.78‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
f
Does
not
include
in-kind
transactions.
See
Notes
to
Financial
Statements
193
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
17
.06‌
%
$
182,652‌
0
.18‌
%
c
0
.18‌
%
c
2
.02‌
%
c
3‌
%
15
.24‌
474,257‌
0
.19‌
0
.19‌
3
.45‌
8‌
f
(
23
.10‌
)
135,488‌
0
.17‌
0
.17‌
3
.03‌
5‌
33
.86‌
156,717‌
0
.17‌
0
.17‌
2
.65‌
5‌
f
(
6
.58‌
)
111,950‌
0
.17‌
0
.17‌
2
.32‌
4‌
11
.15‌
118,307‌
0
.19‌
0
.19‌
3
.15‌
10‌
16
.99‌
168,917‌
0
.20‌
c
0
.20‌
c
2
.94‌
c
3‌
15
.21‌
133,705‌
0
.20‌
0
.20‌
3
.00‌
8‌
f
(
23
.10‌
)
138,009‌
0
.20‌
0
.20‌
2
.91‌
5‌
33
.87‌
235,696‌
0
.20‌
0
.20‌
2
.60‌
5‌
f
(
6
.61‌
)
201,339‌
0
.20‌
0
.20‌
2
.26‌
4‌
11
.06‌
240,884‌
0
.21‌
0
.21‌
3
.18‌
10‌
17
.14‌
12,252,980‌
0
.05‌
c
0
.05‌
c
3
.04‌
c
3‌
15
.34‌
10,116,149‌
0
.05‌
0
.05‌
3
.11‌
8‌
f
(
23
.00‌
)
8,366,604‌
0
.05‌
0
.05‌
3
.14‌
5‌
34
.05‌
9,784,831‌
0
.05‌
0
.05‌
2
.72‌
5‌
f
(
6
.45‌
)
7,675,874‌
0
.05‌
0
.05‌
2
.46‌
4‌
11
.23‌
7,842,042‌
0
.06‌
0
.06‌
3
.28‌
10‌
16
.95‌
1,442,003‌
0
.30‌
c
0
.30‌
c
2
.79‌
c
3‌
15
.09‌
1,199,275‌
0
.30‌
0
.30‌
2
.86‌
8‌
f
(
23
.20‌
)
1,025,583‌
0
.30‌
0
.30‌
2
.86‌
5‌
33
.74‌
1,409,903‌
0
.30‌
0
.30‌
2
.50‌
5‌
f
(
6
.73‌
)
1,140,317‌
0
.30‌
0
.30‌
2
.20‌
4‌
11
.01‌
1,175,682‌
0
.31‌
0
.31‌
3
.09‌
10‌
17
.12‌
9,687,056‌
0
.05‌
c
0.00‌
c
3
.10‌
c
3‌
15
.45‌
8,094,126‌
0
.05‌
0.00‌
3
.15‌
8‌
f
(
22
.96‌
)
7,066,985‌
0
.05‌
0.00‌
3
.21‌
5‌
34
.09‌
7,359,293‌
0
.05‌
0.00‌
2
.80‌
5‌
f
(
6
.40‌
)
4,288,389‌
0
.05‌
0.00‌
2
.53‌
4‌
11
.30‌
3,612,733‌
0
.06‌
0.00‌
3
.42‌
10‌
194
Notes
to
Financial
Statements
(Unaudited)
1.
General
Information
Trust
and
Fund
Information:
TIAA-CREF
Funds
(the
“Trust”)
is
an
open-end
management
investment
company
registered
under
the
Investment
Company
Act
of
1940,
(“1940
Act”),
as
amended.
The
Trust
is
comprised
of
the
following
(collectively
the
“Funds”
or
individually,
the
“Fund”),
among
others:
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
as
noted
above
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
been
updated.
Investment
Advisor:
Teachers
Advisors,
LLC
(the
“Adviser”),
a
wholly
owned
indirect
subsidiary
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”),
is
registered
with
the
SEC
as
an
investment
adviser
and
provides
investment
management
services
for
the
Funds.
Share
Classes
and
Sales
Charges:
The
Funds
offer
up
to
six
share
classes,
although
any
one
Fund
may
not
necessarily
offer
all
six
classes.
The
Funds
may
offer Class
A,
Class
I, Premiere
Class,
Class
R6,
Retirement
Class and
Class
W
shares.
Each
class
differs
by
the
allocation
of
class-specific
expenses
and
voting
rights
in
matters
affecting
a
single
class.
The
Funds
offer
their
shares,
without
a
sales
load,
through
their
principal
underwriter,
Nuveen
Securities,
LLC
(“Nuveen
Securities”),
which
is
a
wholly
owned
indirect
subsidiary
of
TIAA.  
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
Current
Fiscal
Period:
 The
end
of
the
reporting
period
for
the Funds
is
April
30,
2024,
and
the
period
covered
by
these
Notes
to
Financial
Statements
is
the
six
months
ended
April
30,
2024
(the
"current
fiscal
period").
2.
Significant
Accounting
Policies
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(“U.S.
GAAP”),
which
may
require
the
use
of
estimates
made
by
management
and
the
evaluation
of
subsequent
events.
Actual
results
may
differ
from
those
estimates.
The Funds
are
investment
companies
and
follow
the
accounting
guidance
in
the
Financial
Accounting
Standards
Board
(“FASB”)
Accounting
Standards
Codification
946,
Financial
Services
Investment
Companies
. The net
asset
value (“NAV”)
for
financial
reporting
purposes
may
differ
from
the NAV
for
processing
transactions.
The NAV
for
financial
reporting
purposes
includes
security
and shareholder
transactions
through
the
date
of
the
report.
Total
return
is
computed
based
on
the NAV
used
for
processing
transactions.
The
following
is
a
summary
of
the
significant
accounting
policies
consistently
followed
by
the
Funds.
Compensation:
The
Funds pay
the
members
of
the
Board
of
Trustees
("Board"),
all
of
whom
are
independent,
certain
remuneration
for
their
services,
plus
travel
and
other
expenses.
The
Board
has
adopted
a
deferred
compensation
plan
for
independent
trustees
that
enables
trustees
to
elect
to
defer
receipt
of
all
or
a
portion
of
the
annual
compensation
they
are
entitled
to
receive
from
certain
Nuveen-advised
funds.
Under
the
plan,
deferred
amounts
are
treated
as
though
equal
dollar
amounts
had
been
invested
in
shares
of
select
Nuveen-advised
funds. Amounts
deferred
are
retained
by
the
Funds
until
paid.
Amounts
payable
to
the
trustees
for
compensation
are
included
separately
in the
accompanying
Statement
of
Assets
and
Liabilities.
Trustees’
fees,
including
any
deferred
compensation
incurred,
are
reflected
in
the
Statement
of
Operations.
Distributions
to
Shareholders:
Distributions
to
shareholders
are
recorded
on
the
ex-dividend
date.
The
amount,
character
and
timing
of
distributions
are
determined
in
accordance
with
federal
income
tax
regulations,
which
may
differ
from
U.S.
GAAP.
New
Name
Former
Name
Short
Name
Nuveen
Equity
Index
Fund
TIAA-CREF
Equity
Index
Fund
Equity
Index
Nuveen
Large
Cap
Growth
Index
Fund
TIAA-CREF
Large
Cap
Growth
Index
Fund
Large
Cap
Growth
Index
Nuveen
Large
Cap
Value
Index
Fund
TIAA-CREF
Large
Cap
Value
Index
Fund
Large
Cap
Value
Index
Nuveen
S&P
500
Index
Fund
TIAA-CREF
S&P
500
Index
Fund
S&P
500
Index
Nuveen
Small
Cap
Blend
Index
Fund
TIAA-CREF
Small
Cap
Blend
Index
Fund
Small
Cap
Blend
Index
Nuveen
Emerging
Markets
Equity
Index
Fund
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
Emerging
Market
Equity
Index
Nuveen
International
Equity
Index
Fund
TIAA-CREF
International
Equity
Index
Fund
International
Equity
Index
New
Name
Former
Name
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
195
Foreign
Currency
Transactions
and
Translation:
The
books
and
records
of
the
Funds
are
maintained
in
U.S.
dollars.
Assets,
including
investments,
and
liabilities
denominated
in
foreign
currencies
are
translated
into
U.S.
dollars
at
the
end
of
each
day.
Purchases
and
sales
of
securities,
income,
and
expenses
are
translated
into
U.S.
dollars
at
the
prevailing
exchange
rate
on
the
respective
dates
of
the
transactions.
Net
realized
foreign
currency
gains
and
losses
resulting
from
changes
in
exchange
rates
associated
with
(i)
foreign
currency,
(ii)
investments
and
(iii)
derivatives
include
foreign
currency
gains
and
losses
between
trade
date
and
settlement
date
of
the
transactions,
foreign
currency
transactions,
and
the
difference
between
the
amounts
of
interest
and
dividends
recorded
on
the
books
of
the
Funds
and
the
amounts
actually
received
and
are
recognized
as
a
component
of
“Net
realized
gain
(loss)
from
foreign
currency
transactions”
on
the
Statement
of
Operations,
when
applicable. 
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
currency
exchange
rates
and
changes
in
foreign
exchange
rates
associated
with
(i)
investments
and
(ii)
other
assets
and
liabilities
are
recognized
as
a
component
of
“Change
in
unrealized
appreciation
(depreciation)
of
foreign
currency
translations”
on
the
Statement
of
Operations,
when
applicable.
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
exchange
rates
associated
with
investments
in
derivatives
are
recognized
as
a
component
of
the
respective
derivative’s
related “Change
in
unrealized
appreciation
(depreciation)”
on
the
Statement
of
Operations,
when
applicable. 
Foreign
Taxes:
The Funds
may
be
subject
to
foreign
taxes
on
income,
gains
on
investments
or
currency
repatriation,
a
portion
of
which
may
be
recoverable.
The Funds
will
accrue
such
taxes
and
recoveries
as
applicable,
based
upon
the
current
interpretation
of
tax
rules
and
regulations
that
exist
in
the
markets
in
which
the Funds
invest.
Indemnification:
 Under
the
Trust's
organizational
documents,
its
officers
and
trustees
are
indemnified
against
certain
liabilities
arising
out
of
the
performance
of
their
duties
to
the
Trust.
In
addition,
in
the
normal
course
of
business,
the
Trust
enters
into
contracts
that
provide
general
indemnifications
to
other
parties.
The
Trust's
maximum
exposure
under
these
arrangements
is
unknown
as
this
would
involve
future
claims
that
may
be
made
against
the
Trust
that
have
not
yet
occurred.
However,
the
Trust
has
not
had
prior
claims
or
losses
pursuant
to
these
contracts
and
expects
the
risk
of
loss
to
be
remote.
Investments
and
Investment
Income:
Securities
transactions
are
accounted
for
as
of
the
trade
date
for
financial
reporting
purposes.
Interest
income
is
recorded
on
an
accrual
basis
and
includes
accretion
of
discounts
and
amortization
of
premiums.
Dividend
income
is
recorded
on
the
ex-dividend
date.
Foreign
dividend
income
is
recorded
on
the
ex-dividend
date
or
as
soon
as
possible
after
the Funds
determine
the
existence
of
a
dividend
declaration.
Securities
lending
income
is
comprised
of
fees
earned
from
borrowers
and
income
earned on
cash
collateral
investments. Realized
gains
and
losses
on
securities
transactions
are
based
upon
the
specific
identification
method.
Distributions
received
on
securities
that
represent
a
return
of
capital
or
capital
gains
are
recorded
as
a
reduction
of
cost
of
investments
and/or
as
a
realized
gain.
The
Funds estimate
the
components
of
distributions
received
that
may
be
considered
return
of
capital
distributions
or
capital
gain
distributions.
Multiclass
Operations
and
Allocations:
Income, expenses,
realized
gains
and
losses
and
unrealized
appreciation
and
depreciation
of
a
Fund
are
allocated
on
a
pro
rata
basis
to
each
class
of
shares,
except
for
service
agreement
fees,
distribution
fees
and
transfer
agency
fees
and
expenses, which
are
unique
to
each
class
of
shares.
Most
expenses
of
the
Trust
can
be
directly
attributed
to
a
Fund.
Expenses
that
cannot
be
directly
attributed
are
allocated
to
each
Fund
in
the
Trust
based
upon
the
average
net
assets
of
each
Fund.
Netting
Agreements:
In
the
ordinary
course
of
business,
the
Funds
may
enter
into
transactions
subject
to
enforceable
master
repurchase
agreements,
International
Swaps
and
Derivatives
Association,
Inc.
(ISDA)
master
agreements
or
other
similar
arrangements
(“netting
agreements”).
Generally,
the
right
to
offset
in
netting
agreements
allows
each
Fund
to
offset
certain
securities
and
derivatives
with
a
specific
counterparty,
when
applicable,
as
well
as
any
collateral
received
or
delivered
to
that
counterparty
based
on
the
terms
of
the
agreements.
Generally,
each
Fund
manages
its
cash
collateral
and
securities
collateral
on
a
counterparty
basis.
With
respect
to
certain
counterparties,
in
accordance
with
the
terms
of
the
netting
agreements,
collateral
posted
to
the
Funds
is
held
in
a
segregated
account
by
the
Funds’
custodian
and/or
with
respect
to
those
amounts
which
can
be
sold
or
repledged,
are
presented
in
the
Funds’
Portfolio
of
Investments
or
Statement
of
Assets
and
Liabilities.
The
Funds’
investments
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
if
any,
are
further
described
later
in
these
Notes
to
Financial
Statements.
Notes
to
Financial
Statements
(Unaudited)
(continued)
196
3.
Investment
Valuation
and
Fair
Value
Measurements
The Funds'
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Adviser,
subject
to
oversight
of
the
Board.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
that
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.
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
management’s
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
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level 1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
A
description
of
the
valuation
techniques
applied
to
the Funds'
major
classifications
of
assets
and
liabilities
measured
at
fair
value
follows:
Prices
of
fixed-income
securities
are
provided
by
pricing
services
approved
by
the
Adviser,
which
is
subject
to
review
by
the
Adviser and
oversight
of
the Board.
Pricing
services establish
a
security’s
fair
value
using
methods
that
may
include consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
In
pricing
certain
securities,
particularly
less
liquid
and
lower
quality
securities,
pricing
services
may
consider
information
about
a
security,
its
issuer
or
market
activity
provided
by
the
Adviser.
These
securities
are
generally
classified
as
Level
2.
Equity
securities
and
exchange-traded
funds
listed
or
traded
on
a
national
market
or
exchange
are
valued
based
on
their
last
reported
sales
price
or
official
closing
price
of
such
market
or
exchange
on
the
valuation
date.
Foreign
equity
securities
and
registered
investment
companies
that
trade
on
a
foreign
exchange
are
valued
at
the
last
reported
sales
price
or
official
closing
price
on
the
principal
exchange
where
traded,
and
converted
to
U.S.
dollars
at
the
prevailing
rates
of
exchange
on
the
valuation
date.
For
events
affecting
the
value
of
foreign
securities
between
the
time
when
the
exchange
on
which
they
are
traded
closes
and
the
time
when
the Funds'
net
assets
are
calculated,
such
securities
will
be
valued
at
fair
value
in
accordance
with
procedures
adopted
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
To
the
extent
these
securities
are
actively
traded
and
no
valuation
adjustments
are
applied,
they
are
generally
classified
as
Level
1.
When
valuation
adjustments
are
applied
to
the
most
recent
last
sales
price
or
official
closing
price,
these
securities
are
generally
classified
as
Level
2. 
Investments
in
investment
companies
are
valued
at
their
respective NAVs
or
share
price
on
the
valuation
date
and
are
generally
classified
as Level
1.
Repurchase
agreements
are
valued
at
contract
amount
plus
accrued
interest,
which
approximates
market
value.
These
securities
are
generally
classified
as
Level
2.
Futures
contracts
are
valued
using
the
closing
settlement
price
or,
in
the
absence
of
such
a
price,
the
last
traded
price and
are
generally
classified
as
Level
1.
For
any
portfolio
security
or
derivative
for
which
market
quotations
are
not
readily
available
or
for
which
the
Adviser
deems
the
valuations
derived
using
the
valuation
procedures
described
above
not
to
reflect
fair
value,
the
Adviser
will
determine
a
fair
value
in
good
faith
using
alternative
procedures
approved
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
As
a
general
principle,
the
fair
value
of
a
security
is
the
amount
that
the
owner
might
reasonably
expect
to
receive
for
it
in
a
current
sale.
A
variety
of
factors
may
be
considered
in
determining
the
fair
value
of
such
securities,
which
may
include
consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
To
the
extent
the
inputs
are
observable
and
timely,
the
values
would
be
classified
as Level
2;
otherwise
they
would
be
classified
as
Level
3. 
The
following
table
summarizes
the
market
value
of
the Funds’
investments
as
of
the
end
of
the
current
fiscal
period, based
on
the
inputs
used
to
value
them:
197
Fund
Level
1
Level
2
Level
3
Total
Equity
Index
Long-Term
Investments
:
Common
stocks
$42,707,250,390
$—
$73,526
$42,707,323,916
Rights/Warrants
75,790
75,790
Short-Term
Investments
:
Government
agency
debt
12,494,505
12,494,505
Repurchase
agreement
99,780,000
99,780,000
Treasury
debt
51,910,208
51,910,208
Investments
purchased
with
collateral
from
securities
lending
121,956,334
121,956,334
Investments
in
Derivatives
:
Futures
contracts*
(2,661,213)
(2,661,213)
Total
$42,826,545,511
$164,184,713
$149,316
$42,990,879,540
1
1
1
1
1
Large
Cap
Growth
Index
Long-Term
Investments
:
Common
stocks
$12,845,043,425
$—
$—
$12,845,043,425
Investments
purchased
with
collateral
from
securities
lending
2,660,567
2,660,567
Total
$12,847,703,992
$—
$—
$12,847,703,992
1
1
1
1
1
Large
Cap
Value
Index
Long-Term
Investments
:
Common
stocks
$9,710,738,075
$—
$432
$9,710,738,507
Investments
purchased
with
collateral
from
securities
lending
18,606,299
18,606,299
Total
$9,729,344,374
$—
$432
$9,729,344,806
1
1
1
1
1
S&P
500
Index
Long-Term
Investments
:
Common
stocks
$9,325,996,158
$—
$—
$9,325,996,158
Short-Term
Investments
:
Repurchase
agreement
5,205,000
5,205,000
Treasury
debt
38,041,130
38,041,130
Investments
in
Derivatives
:
Futures
contracts*
(1,278,062)
(1,278,062)
Total
$9,324,718,096
$43,246,130
$—
$9,367,964,226
1
1
1
1
1
Small
Cap
Blend
Index
Long-Term
Investments
:
Common
stocks
$3,226,789,789
$—
$101,614
$3,226,891,403
Rights/Warrants
41,140
41,140
Short-Term
Investments
:
Repurchase
agreement
22,726,000
22,726,000
Treasury
debt
12,449,407
12,449,407
Investments
purchased
with
collateral
from
securities
lending
82,831,887
82,831,887
Investments
in
Derivatives
:
Futures
contracts*
(1,335,939)
(1,335,939)
Total
$3,308,285,737
$35,175,407
$142,754
$3,343,603,898
1
1
1
1
1
Emerging
Markets
Equity
Index
Long-Term
Investments
:
Corporate
bonds
$—
$19,688
$—
$19,688
Common
stocks
636,483,854
5,570,484,335
592,503
6,207,560,692
Rights/Warrants
3,195,200
22
3,195,222
Short-Term
Investments
:
Government
agency
debt
4,964,100
4,964,100
Repurchase
agreement
48,076,000
48,076,000
Treasury
debt
14,918,792
14,918,792
Investments
purchased
with
collateral
from
securities
lending
15,352,475
15,352,475
Investments
in
Derivatives
:
Futures
contracts*
274,026
274,026
Total
$652,110,355
$5,641,658,115
$592,525
$6,294,360,995
1
1
1
1
1
Notes
to
Financial
Statements
(Unaudited)
(continued)
198
4.
Portfolio
Securities
Repurchase
Agreements:
In
connection
with
transactions
in
repurchase
agreements,
it
is
the Fund’s policy
that
its
custodian
take
possession
of
the
underlying
collateral
securities,
the
fair
value
of
which
exceeds
the
principal
amount
of
the
repurchase
transaction,
including
accrued
interest,
at
all
times.
If
the
counterparty
defaults,
and
the
fair
value
of
the
collateral
declines,
realization
of
the
collateral
may
be
delayed
or
limited.
The
following
table
presents
the
repurchase
agreements
for
the Funds
that
are
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
and
the
collateral
delivered
related
to
those
repurchase
agreements.
Securities
Lending:
Certain Funds
may
lend
their
securities
to
qualified
institutional
borrowers
to
earn
additional
income.
A
Fund receives
cash
collateral
and
non-cash
collateral
(in
the
form
of
Treasury
securities
or
other
collateral
permitted
by
applicable
law)
against
the
loaned
securities
and
maintains
collateral
in
an
amount
not
less
than
100%
of
the
market
value
of
loaned
securities
during
the
period
of
the
loan;
any
additional
collateral
required
due
to
changes
in
security
values
is
delivered
to
the Fund
the
next
business
day.
Cash
collateral
received
by the
Fund will
generally
be
invested
in
high-quality
short-term
instruments
or
in
one
or
more
funds
maintained
by
the
securities
lending
agent
(“Agent”)
for
the
purpose
of
investing
cash
collateral.
The
value
of
the
loaned
securities
and
the
liability
to
return
the
cash
collateral
received
are
reflected
in
the
Statement
of
Assets
and
Liabilities.
Non-cash
collateral
is
not
disclosed
in
the
Funds’
Statement
of
Assets
and
Liabilities
as
it
is
held
by
the Agent
or
by
a
third-party
bank
engaged
by
the
Agent
as
a
special
"tri-party" custodian on
behalf
of
the Funds,
and
the
Funds
do
not
have
the
ability
to
sell
or
re-hypothecate
those
securities.
As
of
the
end
of
the
current
fiscal
period,
securities
lending
transactions are
for equity
securities,
and
the
resulting
loans
are
continuous,
can
be
recalled
at
any
time,
and
have
no
set
maturity.
Securities
lending
income
recognized
by
the
Funds consists
of
earnings
on
invested
collateral
and
lending
fees,
net
of
any
rebates
to
the
borrower
and
compensation
to
the
Agent.
Such
income
is
reflected
separately
in
the
Statement
of
Operations.
In
lending
its
securities,
a
Fund bears
the
market
risk
with
respect
to
the
investment
of
collateral
and
the
risk
that
the
Agent
may
default
on
its
contractual
obligations
to
the
Fund.
The
Agent
bears
the
risk
that
the
borrower
may
default
on
its
obligation
to
return
the
loaned
securities
as
the
Agent
is
contractually
obligated
to
indemnify
the
Fund if
at
the
time
of
a
default
by
a
borrower
some
or
all
of
the
loan
securities
have
not
been
returned. 
As
of
the
end
of
the
current
fiscal
period,
the
total
value
of
securities
on
loan
and
the
total
value
of
collateral
received
were
as
follows:
Fund
Level
1
Level
2
Level
3
Total
International
Equity
Index
Long-Term
Investments
:
Common
stocks
$172,876,833
$23,058,920,755
$—**
$23,231,797,588
Short-Term
Investments
:
Government
agency
debt
122,633,590
122,633,590
Repurchase
agreement
219,116,000
219,116,000
Treasury
debt
89,580,074
89,580,074
Investments
purchased
with
collateral
from
securities
lending
427,520,101
427,520,101
Investments
in
Derivatives
:
Futures
contracts*
(4,508,035)
(4,508,035)
Total
$595,888,899
$23,490,250,419
$—
$24,086,139,318
1
1
1
1
1
*
Represents
net
unrealized
appreciation
(depreciation).
**
Value
equals
zero
as
of
the
end
of
the
reporting
period.
Fund
Counterparty
Short-term
Investments,
at
Value
Collateral
Pledged
(From)
Counterparty
Equity
Index
Fixed
Income
Clearing
Corporation
$
99,780,000
$
101,775,795
S&P
500
Index
Fixed
Income
Clearing
Corporation
5,205,000
5,309,102
Small
Cap
Blend
Index
Fixed
Income
Clearing
Corporation
22,726,000
23,180,539
Emerging
Markets
Equity
Index
Fixed
Income
Clearing
Corporation
48,076,000
49,037,598
International
Equity
Index
Bank
of
New
York
Mellon
30,000,000
30,600,034
International
Equity
Index
Fixed
Income
Clearing
Corporation
189,116,000
192,898,482
199
Purchases
and
Sales:
 Long-term
purchases
and
sales
during
the
current
fiscal
period were
as
follows:
The Funds
may
purchase
securities
on
a
when-issued
or
delayed-delivery
basis.
Securities
purchased
on
a
when-issued
or
delayed-delivery
basis
may
have
extended
settlement
periods;
interest
income
is
not
accrued
until
settlement
date.
Any
securities
so
purchased
are
subject
to
market
fluctuation
during
this
period.
If
the
Funds have
when-issued/delayed-delivery
purchases
commitments
as
of
the
end
of
the
reporting
period,
such
amounts
are
recognized
on
the
Statement
of
Assets
and
Liabilities.
5.
Derivative
Investments
Each Fund is
authorized
to
invest
in
certain
derivative
instruments.
As
defined
by
U.S.
GAAP,
a
derivative is
a
financial
instrument
whose
value
is
derived
from
an
underlying
security
price,
foreign
exchange
rate,
interest
rate,
index
of
prices
or
rates,
or
other
variables.
Investments
in
derivatives
as
of
the
end
of
and/or
during
the
current
fiscal
period,
if
any,
are
included
within
the
Statement
of
Assets
and
Liabilities
and
the
Statement
of
Operations,
respectively.
Futures
Contracts:
 Certain
Funds
are
subject
to
equity
price
and
interest
rate
risk
in
the
normal
course
of
pursuing
their
investment
objectives.
The Funds
use
futures
contracts
to
manage
exposure
to
the
equity
and
bond
markets and
for
cash
management
purposes
to
remain
highly
invested
in
these
markets
while
minimizing
transaction
costs.
A
futures
contract
is
an
agreement
between
two
parties
to
buy
and
sell
a
financial
instrument
for
a
set
price
on
a
future
date.
Upon
execution
of
a
futures
contract,
the
Fund
is
obligated
to
deposit
cash
or
eligible
securities,
also
known
as
“initial
margin,”
into
an
account
at
its
clearing
broker
equal
to
a
specified
percentage
of
the
contract
amount.
Securities
deposited
for
initial
margin,
if
any,
are
identified
in
the
Portfolio
of
Investments
and
cash
deposited
for
initial
margin,
if
any,
is
reflected
on
the
Statement
of
Assets
and
Liabilities.
During
the
period
the
futures
contract
is
open,
changes
in
the
market
value
of
the
contract
are
recognized
as
an
unrealized
gain
or
loss
by
“marking-to-market”
on
a
daily
basis.
The
Fund
and
the
clearing
broker
are
obligated
to
settle
monies
on
a
daily
basis
representing
the
changes
in
the
value
of
the
contracts.
These
daily
cash
settlements
are
known
as
“variation
margin”
which are
recognized
on
the
Statement
of
Assets
and
Liabilities
as
a
receivable
or
payable
for
variation
margin
on
futures
contracts.
When
the
contract
is
closed
or
expired,
the
Fund
records
a
realized
gain
or
loss
equal
to
the
difference
between
the
value
of
the
contract
on
the
closing
date
and
value
of
the
contract
when
originally
entered
into.
The
net
realized
gain
or
loss
and
the
change
in
unrealized
appreciation
(depreciation)
on
futures
contracts
held
during
the
period
is
included
on
the
Statement
of
Operations.
Risks
of
investments
in
futures
contracts
include
the
possible
adverse
movement
in
the
price
of
the
securities
or
indices
underlying
the
contracts,
the
possibility
that
there
may
not
be
a
liquid
secondary
market
for
the
contracts
and/or
that
a
change
in
the
value
of the
contract
may
not
correlate
with
a
change
in
the
value
of
the
underlying
securities
or
indices.
The
average
notional
amount
of
futures
contracts
outstanding
during
the
current
fiscal
period
was
as
follows:
Aggregate
Value
of
Securities
on
Loan
Fund
Equity
Securities
Cash
Collateral
Received*
Non-Cash
Collateral
Received**
Total
Collateral
Received
Equity
Index
$156,333,716
$121,956,334
$49,001,308
$170,957,642
Large
Cap
Growth
Index
3,832,286
2,660,567
1,433,454
4,094,021
Large
Cap
Value
Index
22,414,153
18,606,299
5,536,001
24,142,300
Small
Cap
Blend
Index
110,411,592
82,831,887
39,589,183
122,421,070
Emerging
Markets
Equity
Index
48,243,925
15,352,475
37,023,701
52,376,176
International
Equity
Index
702,200,232
427,520,101
323,930,512
751,450,613
*May
include
cash
and
investment
of
cash
collateral.
**As
of
the
end
of
the
current
fiscal
period,
the
non-cash
collateral
received
by
the
Funds
was
comprised
of
U.S.
Treasury
securities.
Fund
Non-U.S.
Government
Purchases
Non-U.S.
Government
Sales
4.1
Equity
Index
$
412,931,783
$
919,099,953
4.2
Large
Cap
Growth
Index
1,154,201,052
1,243,284,940
4.3
Large
Cap
Value
Index
1,340,337,864
941,965,359
4.4
S&P
500
Index
71,846,517
91,708,908
4.5
Small
Cap
Blend
Index
212,713,187
284,273,233
4.6
Emerging
Markets
Equity
Index
456,776,985
76,274,278
4.7
International
Equity
Index
1,043,268,477
577,845,435
Notes
to
Financial
Statements
(Unaudited)
(continued)
200
As
of the
end
of
the
reporting
period,
the
following Funds
have
invested
in
derivative
contracts
which
are
reflected
in
the
Statement
of
Assets
and
Liabilities
as
follows:
*
Value
represents
the
cumulative
unrealized
appreciation
(depreciation)
of
cleared
derivative
contracts
as
reported
in
the
Fund's
Portfolio
of
investments.
The
Statements
of
assets
and
liabilities
only
reflects
the
current
day
variation
margin
receivable/payable
from/to
brokers
on
open
cleared
derivative
contracts.
During
the
current
fiscal
period,
the
effect
of
derivative
contracts
on
the Funds'
Statement
of
Operations
was
as
follows
:
Fund
Average
Notional
Amount
of
Futures
Contracts
Outstanding*
4.1
Equity
Index
$
155,607,920
4.4
S&P
500
Index
62,053,005
4.5
Small
Cap
Blend
Index
18,967,602
4.6
Emerging
Markets
Equity
Index
81,571,469
4.7
International
Equity
Index
245,552,746
*
The
average
notional
amount
is
calculated
based
on
the
absolute
aggregate
notional
amount
of
contracts
outstanding
at
the
beginning
of
the
current
fiscal
period
and
at
the
end
of
each
fiscal
quarter
within
the
current
fiscal
period.
Asset
Derivatives
Liability
Derivatives
Derivative
Instrument
Risk
Exposure
Location
Value
Location
Value
Equity
Index
Futures
contracts
Equity
-
$
Unrealized
depreciation
on
futures
contracts
*
$
(2,661,213)
1
1
1
1
1
1
1
1
S&P
500
Index
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(1,278,062)
1
1
1
1
1
1
1
1
Small
Cap
Blend
Index
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(1,335,939)
1
1
1
1
1
1
1
1
Emerging
Markets
Equity
Index
Futures
contracts
Equity
Unrealized
appreciation
on
futures
contracts
*
274,026
-
1
1
1
1
1
1
1
1
International
Equity
Index
Futures
contracts
Equity
-
Unrealized
depreciation
on
futures
contracts
*
(4,508,035)
1
1
1
1
1
1
1
1
Derivative
Instrument
Risk
Exposure
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
4.1
Equity
Index
Futures
contracts
Equity
$
30,899,091
$
707,223
4.4
S&P
500
Index
Futures
contracts
Equity
8,030,854
328,643
4.5
Small
Cap
Blend
Index
Futures
contracts
Equity
955,291
(473,361)
4.6
Emerging
Markets
Equity
Index
Futures
contracts
Equity
6,904,443
2,899,001
4.7
International
Equity
Index
Futures
contracts
Equity
37,975,797
(378,561)
201
6.
Fund
Shares
Transactions
in
Fund
shares
during
the
current
and
prior
fiscal
period
were
as
follows:
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.1
Equity
Index
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
770,539
$
26,762,072
1,568,974
$
47,264,597
Class
I
35,465
1,207,097
69,582
2,070,283
Premier
Class
78,144
2,679,312
98,615
2,900,360
Class
R6
17,758,960
603,871,129
27,050,218
786,403,961
Retirement
Class
534,047
18,545,564
1,041,342
31,158,173
Class
W
32,355,437
1,104,761,582
131,716,149
3,849,793,158
Total
subscriptions
51,532,592
1,757,826,756
161,544,880
4,719,590,532
Reinvestments
of
distributions:
Class
A
500,800
16,526,395
616,108
17,460,491
Class
I
5,692
184,260
6,504
180,817
Premier
Class
17,471
564,110
31,521
873,771
Class
R6
6,317,211
204,298,604
7,418,805
206,094,392
Retirement
Class
271,550
8,931,283
341,369
9,640,250
Class
W
11,461,422
370,777,019
12,820,715
356,159,463
Total
reinvestments
of
distributions
18,574,146
601,281,671
21,235,022
590,409,184
Redemptions:
Class
A
(1,624,429)
(56,744,826)
(3,306,858)
(99,366,225)
Class
I
(182,010)
(6,404,009)
(78,984)
(2,324,548)
Premier
Class
(162,571)
(5,380,873)
(729,116)
(22,090,736)
Class
R6
(17,486,137)
(591,784,336)
(35,947,452)
(1,079,048,351)
Retirement
Class
(1,234,962)
(42,946,021)
(2,934,320)
(88,474,194)
Class
W
(52,621,372)
(1,818,035,421)
(98,308,984)
(2,875,450,442)
Total
redemptions
(73,311,481)
(2,521,295,486)
(141,305,714)
(4,166,754,496)
Net
increase
(decrease)
from
shareholder
transactions
(3,204,743)
$
(162,187,059)
41,474,188
$
1,143,245,220
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.2
Large
Cap
Growth
Index
Shares
Amount
Shares
Amount
Class
I
978,149
$
51,805,914
2,826,075
$
128,340,375
Class
R6
25,787,102
1,404,975,637
56,509,354
2,459,537,357
Retirement
Class
1,598,898
85,796,837
2,104,998
94,007,203
Class
W
949,170
39,648,682
Total
subscriptions
28,364,149
1,542,578,388
62,389,597
2,721,533,617
Class
I
73,035
3,660,532
149,498
5,766,150
Class
R6
3,376,957
169,557,004
16,557,648
639,456,361
Retirement
Class
326,065
16,528,232
1,787,823
69,725,079
Class
W
80,404
2,957,273
Total
reinvestments
of
distributions
3,776,057
189,745,768
18,575,373
717,904,863
Class
I
(1,378,215)
(76,918,494)
(1,225,066)
(54,257,078)
Class
R6
(28,098,264)
(1,505,044,433)
(54,296,589)
(2,348,642,311)
Retirement
Class
(1,052,990)
(56,831,304)
(2,749,408)
(119,733,676)
Class
W
(1,754,568)
(81,160,933)
Total
redemptions
(30,529,469)
(1,638,794,231)
(60,025,631)
(2,603,793,998)
Net
increase
(decrease)
from
shareholder
transactions
1,610,737
$
93,529,925
20,939,339
$
835,644,482
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.3
Large
Cap
Value
Index
Shares
Amount
Shares
Amount
Class
I
1,224,563
$
28,316,872
5,292,976
$
119,787,669
Class
R6
51,748,029
1,231,796,286
47,053,076
1,046,961,952
Retirement
Class
1,284,359
30,476,288
7,926,938
181,476,826
Class
W
1,302,866
28,534,188
Total
subscriptions
54,256,951
1,290,589,446
61,575,856
1,376,760,635
Class
I
225,656
4,971,211
11,388
249,403
Class
R6
13,177,844
290,044,357
11,166,064
244,090,149
Retirement
Class
2,868,981
64,523,390
2,264,200
50,536,935
Class
W
76,227
1,666,335
Total
reinvestments
of
distributions
16,272,481
359,538,958
13,517,879
296,542,822
Class
I
(1,767,109)
(41,355,764)
(1,377,594)
(31,190,242)
Class
R6
(33,799,360)
(784,209,436)
(49,531,289)
(1,106,698,156)
Retirement
Class
(4,732,541)
(113,847,234)
(4,282,098)
(97,082,823)
Class
W
(3,043,633)
(71,337,604)
Total
redemptions
(40,299,010)
(939,412,434)
(58,234,614)
(1,306,308,825)
Net
increase
(decrease)
from
shareholder
transactions
30,230,422
$
710,715,970
16,859,121
$
366,994,632
Notes
to
Financial
Statements
(Unaudited)
(continued)
202
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.4
S&P
500
Index
Shares
Amount
Shares
Amount
Class
I
417,051
$
22,307,460
921,494
$
41,706,967
Class
R6
4,920,667
263,274,266
18,558,790
861,925,002
Retirement
Class
3,105,405
164,181,561
5,935,905
265,744,699
Class
W
464,091
21,378,022
Total
subscriptions
8,443,123
449,763,287
25,880,280
1,190,754,690
Class
I
40,879
2,049,265
49,294
2,110,260
Class
R6
1,815,431
91,152,761
2,076,962
89,039,362
Retirement
Class
596,783
29,749,656
691,321
29,436,459
Class
W
9,363
401,305
Total
reinvestments
of
distributions
2,453,093
122,951,682
2,826,940
120,987,386
Class
I
(492,867)
(26,405,313)
(753,389)
(34,018,091)
Class
R6
(7,804,536)
(416,780,464)
(14,451,937)
(655,982,055)
Retirement
Class
(1,805,916)
(95,393,559)
(3,090,629)
(141,616,609)
Class
W
(963,524)
(47,192,364)
Total
redemptions
(10,103,319)
(538,579,336)
(19,259,479)
(878,809,119)
Net
increase
(decrease)
from
shareholder
transactions
792,897
$
34,135,633
9,447,741
$
432,932,957
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.5
Small
Cap
Blend
Index
Shares
Amount
Shares
Amount
Class
I
712,112
$
15,651,077
396,337
$
8,068,960
Class
R6
10,595,480
226,551,379
20,821,357
435,108,879
Retirement
Class
617,678
13,972,540
530,814
11,245,021
Total
subscriptions
11,925,270
256,174,996
21,748,508
454,422,860
Class
I
21,099
443,303
10,150
207,051
Class
R6
3,850,961
81,024,223
2,275,172
46,459,018
Retirement
Class
874,471
18,512,544
553,180
11,362,316
Total
reinvestments
of
distributions
4,746,531
99,980,070
2,838,502
58,028,385
Class
I
(277,913)
(6,184,729)
(369,000)
(7,604,517)
Class
R6
(11,818,166)
(261,930,007)
(27,530,409)
(573,884,495)
Retirement
Class
(2,976,974)
(65,451,419)
(6,121,095)
(128,892,935)
Total
redemptions
(15,073,053)
(333,566,155)
(34,020,504)
(710,381,947)
Net
increase
(decrease)
from
shareholder
transactions
1,598,748
$
22,588,911
(9,433,494)
$
(197,930,702)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.6
Emerging
Markets
Equity
Index
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
432,562
$
4,359,981
779,548
$
7,768,455
Class
I
72,935
739,260
411,373
4,048,335
Premier
Class
132,622
1,353,238
634,956
6,438,073
Class
R6
6,786,529
68,924,242
20,019,055
201,501,010
Retirement
Class
4,544,241
46,719,638
9,360,039
94,911,186
Class
W
42,297,487
432,638,603
102,290,633
1,036,810,486
Total
subscriptions
54,266,376
554,734,962
133,495,604
1,351,477,545
Reinvestments
of
distributions:
Class
A
47,795
472,208
36,073
359,283
Class
I
14,385
142,845
7,619
76,341
Premier
Class
25,930
256,445
60,066
598,262
Class
R6
3,556,482
35,209,172
2,848,705
28,430,078
Retirement
Class
1,783,735
17,569,792
1,123,689
11,169,469
Class
W
12,749,850
126,351,017
8,800,102
87,913,014
Total
reinvestments
of
distributions
18,178,177
180,001,479
12,876,254
128,546,447
Redemptions:
Class
A
(624,928)
(6,368,611)
(877,582)
(8,724,431)
Class
I
(131,298)
(1,339,561)
(713,851)
(7,083,797)
Premier
Class
(80,661)
(820,136)
(2,268,650)
(23,377,118)
Class
R6
(4,754,662)
(48,752,270)
(26,696,602)
(271,300,141)
Retirement
Class
(884,969)
(9,027,721)
(1,179,090)
(11,975,577)
Class
W
(22,934,897)
(238,150,522)
(82,128,907)
(839,109,367)
Total
redemptions
(29,411,415)
(304,458,821)
(113,864,682)
(1,161,570,431)
Net
increase
(decrease)
from
shareholder
transactions
43,033,138
$
430,277,620
32,507,176
$
318,453,561
203
7.
Income
Tax
Information
Each
Fund
is
a
separate
taxpayer
for
federal
income
tax
purposes.
Each
Fund
intends
to
distribute
substantially
all
of
its
net
investment
income
and
net
capital
gains
to
shareholders
and
otherwise
comply
with
the
requirements
of
Subchapter
M
of
the
Internal
Revenue
Code
applicable
to
regulated
investment
companies.
Therefore,
no
federal
income
tax
provision
is
required.
Each
Fund
files
income
tax
returns
in
U.S.
federal
and
applicable
state
and
local
jurisdictions.
A
Fund’s
federal
income
tax
returns
are
generally
subject
to
examination
for
a
period
of
three
fiscal
years
after
being
filed.
State
and
local
tax
returns
may
be
subject
to
examination
for
an
additional
period
of
time
depending
on
the
jurisdiction.
Management
has
analyzed
each
Fund’s
tax
positions
taken
for
all
open
tax
years
and
has
concluded
that
no
provision
for
income
tax
is
required
in
the
Fund’s
financial
statements.
As
of
the
end
of
the
reporting
period,
the
aggregate
cost
and
the
net
unrealized
appreciation/(depreciation)
of
all
investments
for
federal
income
tax
purposes
were
as
follows:
For
purposes
of
this
disclosure,
tax
cost
generally
includes
the
cost
of
portfolio
investments
as
well
as
up-front
fees
or
premiums
exchanged
on
derivatives
and
any
amounts
unrealized
for
income
statement
reporting
but
realized
income
and/or
capital
gains
for
tax
reporting,
if
applicable. 
As
of prior
fiscal
period
end,
the
components
of
accumulated
earnings
on
a
tax
basis
were
as
follows:
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
4.7
International
Equity
Index
Shares
Amount
Shares
Amount
Class
I
3,670,259
$
78,655,861
38,442,215
$
793,182,991
Premier
Class
921,302
20,116,197
1,153,506
23,586,456
Class
R6
44,205,245
967,893,238
92,299,031
1,891,665,032
Retirement
Class
3,946,245
90,122,093
5,561,168
117,437,715
Class
W
30,964,994
672,683,624
82,384,764
1,696,391,015
Total
subscriptions
83,708,045
1,829,471,013
219,840,684
4,522,263,209
Class
I
736,710
15,419,337
199,278
3,846,056
Premier
Class
210,592
4,403,485
206,074
3,975,163
Class
R6
16,070,945
336,525,588
12,786,594
247,036,988
Retirement
Class
1,745,095
37,519,557
1,385,953
27,469,586
Class
W
13,701,259
287,041,379
10,909,282
210,876,436
Total
reinvestments
of
distributions
32,464,601
680,909,346
25,487,181
493,204,229
Class
I
(20,308,049)
(443,901,419)
(22,294,040)
(461,248,728)
Premier
Class
(363,712)
(7,967,047)
(2,434,988)
(50,397,464)
Class
R6
(25,398,822)
(556,835,963)
(68,354,531)
(1,389,973,306)
Retirement
Class
(2,236,829)
(49,834,541)
(4,603,802)
(96,124,907)
Class
W
(21,904,732)
(485,011,953)
(85,089,489)
(1,742,619,463)
Total
redemptions
(70,212,144)
(1,543,550,923)
(182,776,850)
(3,740,363,868)
Net
increase
(decrease)
from
shareholder
transactions
45,960,502
$
966,829,436
62,551,015
$
1,275,103,570
For
the
year
ended
October
31,
2023,
represents
the
period
November
1,
2022
through
July
25,
2023
(date
of
dormancy)
for
Large
Cap
Growth
Index
Fund
and
Large
Cap
Value
Index
Fund,
and
the
period
November
1,
2022
through
August
9,
2023
(date
of
dormancy)
for
S&P
500
Index
Fund.  
Fund
Tax
Cost
Gross
Unrealized
Appreciation
Gross
Unrealized
(Depreciation)
Net
Unrealized
Appreciation
(Depreciation)
4.1
Equity
Index
$20,687,061,114
$23,756,571,595
$(1,452,753,169)
$22,303,818,426
4.2
Large
Cap
Growth
Index
4,893,350,982
8,119,151,962
(164,798,952)
7,954,353,010
4.3
Large
Cap
Value
Index
7,019,109,465
3,216,351,923
(506,116,582)
2,710,235,341
4.4
S&P
500
Index
3,796,169,325
5,803,446,273
(231,651,372)
5,571,794,901
4.5
Small
Cap
Blend
Index
2,523,295,805
1,357,490,140
(537,182,047)
820,308,093
4.6
Emerging
Markets
Equity
Index
5,601,216,114
1,554,006,820
(860,861,939)
693,144,881
4.7
International
Equity
Index
19,701,775,548
6,107,898,764
(1,723,534,994)
4,384,363,770
Fund
Undistributed
Ordinary
Income
Undistributed
Long-Term
Capital
Gains
Unrealized
Appreciation
(Depreciation)
Capital
Loss
Carryforwards
Late-Year
Loss
Deferrals
Other
Book-to-Tax
Differences
Total
4.1
Equity
Index
$472,550,170
$–
$15,069,399,622
$(116,627,570)
$–
$(594,062)
$15,424,728,160
4.2
Large
Cap
Growth
Index
72,158,470
132,489,662
5,600,798,597
(174,179)
5,805,272,550
4.3
Large
Cap
Value
Index
283,312,330
89,452,258
1,338,457,033
(171,402)
1,711,050,219
4.4
S&P
500
Index
97,431,804
4,011,263,382
(18,512,144)
(156,657)
4,090,026,385
4.5
Small
Cap
Blend
Index
42,622,436
44,515,114
260,729,228
(70,191)
347,796,587
4.6
Emerging
Markets
Equity
Index
165,840,362
(82,566,559)
(765,255,421)
(80,389)
(682,062,007)
4.7
International
Equity
Index
638,474,611
1,149,079,627
(906,924,932)
(355,371)
880,273,935
Notes
to
Financial
Statements
(Unaudited)
(continued)
204
As
of
prior
fiscal
period
end,
the
Funds
had
capital
loss
carryforwards,
which
will
not
expire:
8.
Investment
Adviser
and
Other
Transactions
with
Affiliates
Under
the
terms
of
the
Investment
Management
Agreement
with
respect
to
each
Fund, the
Adviser provides
asset
management
services
to
the
Fund
for
an
annual
fee,
payable
monthly.
The
Funds
have
entered
into
an
Administrative
Service
Agreement
with
the
Adviser
under
which
the
Funds
pay the
Adviser for
its
costs
in
providing
certain
administrative
and
compliance
services
to
the
Funds.
Under
the
terms
of
a
Retirement
Class
Service
Agreement
with
respect
to
each
Fund,
the
Retirement
Class
of
the
Fund
incurs
an
annual
fee
of
0.25%
of
the
daily
net
assets,
payable
monthly
to
the
Adviser,
for
certain
administrative
costs
associated
with
the
maintenance
of
Retirement
Class
shares
on
retirement
plan
or
other
platforms.
Substantially
all
of
the
Retirement
Class
shareholder
servicing
fees
reported
on
the
Statement
of
Operations
are
paid
to
the
Adviser
under
the
Service
Agreement.
Under
the
terms
of
a
distribution
Rule
12b-1
plan, Class
A
shares of
each
Fund
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to Class
A
shares of
the
Fund
at
the
annual
rate
of
0.25%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Class
A
shares.
The
Premier
Class
of
each
Fund
is
subject
to
a
distribution
Rule
12b-1
plan
that
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to
the
Premier
Class
of
the
Fund
at
the
annual
rate
of
0.15%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Premier
Class.
The
Adviser has
contractually
agreed
to
waive
and/or
reimburse
Class
W’s
shares’
Management
fees
and
Other
expenses
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses,
trustee
expenses
and
extraordinary
expenses)
in
their
entirety.
The
Adviser
expects
this
waiver
and/or
reimbursement
to
remain
in
effect
indefinitely,
unless
changed
or
terminated
with
approval
of
the
Board.
The
Management
fees
and
Other
expenses
of
Class
W
shares
that
have
been
waived
by the
Adviser may
be
incurred
directly
or
indirectly,
all
or
in
part,
by
investors
in
Class
W
shares.
The
Adviser
has
agreed
to
reimburse
each
Fund
if
its
total
expense
ratio
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses
and
extraordinary
expenses)
exceeds
certain
percentages.
As
of
the
end
of
the
reporting
period,
the
investment
management
fee,
service
agreement
fee,
distribution
fee
and
maximum
expense
amounts
(after
waivers
and
reimbursements)
are
equal
to
the
following
noted
annual
percentage
of
average
daily
net
assets
for
each
class:
The Funds may
purchase
or
sell
investment
securities
in
transactions
with
affiliated
entities
under
procedures
adopted
by
the
Board,
pursuant
to
the
1940
Act.
These
transactions
are
effected
at
market
rates
without
incurring
broker
commissions.
During
the
current
fiscal
period,
the
Funds
engaged
in
the
following
security
transactions
with
affiliated
entities: 
Fund
Short-Term
Long-Term
Total
4.1
Equity
Index
$6,558,847
$110,068,723
$116,627,570
4.2
Large
Cap
Growth
Index
4.3
Large
Cap
Value
Index
4.4
S&P
500
Index
1,102,599
17,409,545
18,512,144
4.5
Small
Cap
Blend
Index
4.6
Emerging
Markets
Equity
Index
204,152,881
561,102,540
765,255,421
4.7
International
Equity
Index
251,782,774
655,142,158
906,924,932
Investment
Management
Fee-
Effective
Rate
Maximum
Expense
Amounts‡
Fund
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
4.1
Equity
Index
0.040
%
0.440
%
0.240
%
0.240
%
0.090
%
0.340
%
0.090
%
4.2
Large
Cap
Growth
Index
0.040
0.240
0.090
0.340
4.3
Large
Cap
Value
Index
0.040
0.240
0.090
0.340
4.4
S&P
500
Index
0.040
0.240
0.090
0.340
4.5
Small
Cap
Blend
Index
0.040
0.240
0.090
0.340
4.6
Emerging
Markets
Equity
Index
0.100
0.560
0.360
0.360
0.210
0.460
0.210
4.7
International
Equity
Index
0.040
0.300
0.300
0.150
0.400
0.150
Maximum
expense
amounts
reflect
all
expenses
excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
Acquired
fund
fees
and
expenses
and
extraordinary
expenses.
The
expense
reimbursement
arrangements
will
continue
through
at
least
February
28,
2025.
The
reimbursement
arrangements
can
only
be
changed
with
the
approval
of
the
Board.
205
A
registered
separate
account
of
TIAA
(collectively
“TIAA
Access”)
has
various
sub-accounts
that
invest
in the
Funds,
and
certain funds
within
the
Trust
also
make
investments
in the
Funds.
The
following
is
the
percentage
of
the
Funds’
shares
owned
by
TIAA
Access
and
other
funds
within
the
Trust
as
of
the
end
of
the
reporting
period:
9.
Emerging
Markets
Risks
The
Emerging
Markets
Equity
Index
Fund
holds
a
large
portion
of
its
assets
in
emerging
market
securities.
Emerging
market
securities
are
often
subject
to
greater
price
volatility,
less
liquidity
and
higher
rates
of
inflation
and
deflation
than
U.S.
securities.
In
addition,
emerging
markets
may
be
subject
to
greater
political,
economic
and
social
uncertainty,
and
differing
regulatory
environments
that
may
potentially
impact
the
Fund’s
ability
to
buy
or
sell
certain
securities
or
repatriate
proceeds
to
U.S.
dollars.
10.
Inter-Fund
Lending
Program
Pursuant
to
an
exemptive
order
issued
by
the
SEC,
the
Funds may
participate
in
an
inter-fund
lending
program.
This
program
allows
the
Funds to
lend
cash
to
and/or
borrow
cash
from
certain
other
affiliated
Funds for
temporary
purposes,
(e.g.,
to
satisfy
redemption
requests
or
to
cover
unanticipated
cash
shortfalls).
The
program
is
subject
to
a
number
of
conditions,
including
the
requirement
that
no
Fund may
borrow
or
lend
money
under
the
program
unless
it
receives
a
more
favorable
interest
rate
than
is
available
from
a
bank
or
other
financial
institution
for
a
comparable
transaction.
In
addition,
a
Fund may
participate
in
the
program
only
if
its
participation
is
consistent
with
the
Fund’s investment
policies
and
limitations
and
authorized
by
its
portfolio
manager(s).
During the current
fiscal
period,
there
were
no
inter-fund
borrowing
or
lending
transactions. 
11.
Line
of
Credit
The
Funds
participate
in
a
$1
billion
unsecured
revolving
credit
facility
that
can
be
used
for
temporary
purposes,
including,
without
limitation,
the
funding
of
shareholder
redemptions.
The
current
facility
was
entered
into
on
June
13,
2023
expiring
on
June
11,
2024,
replacing
the
previous
facility,
which
expired
June
2023.
Certain
affiliated
accounts
and
mutual
funds,
each
of
which
is
managed
by
the
Adviser,
or
an
affiliate
of
the
Adviser,
also
participate
in
this
facility.
An
annual
commitment
fee
for
the
credit
facility
is
borne
by
the
participating
accounts
and
mutual
funds
on
a
pro
rata
basis.
Interest
associated
with
any
borrowing
under
the
facility
is
charged
to
the
borrowing
accounts
or
mutual
funds
at
a
specified
rate
of
interest.
The
Funds
are
not
liable
for
borrowings
under
the
facility
by
other
affiliated
accounts
or
mutual
funds.
There
were
no
borrowings
under
this
credit
facility
by
the
Funds
during
the
current
fiscal
period.
12.
Subsequent
Events
Administrative
Services
Agreement:
The
Adviser
has
agreed
to
gradually
reduce
expenses
allocated
to
the
Fund
under
the
Administrative
Services
Agreement
over
a
three-year
period
commencing
May
1,
2024.
After
the
expiration
of
this
three-year
period,
the
Adviser
will
no
longer
allocate
expenses
to
the
Fund
under
the
Administrative
Agreement.
Sales
Charge:
Effective
May
6,
2024,
a
sales
charge
is
imposed
on
purchases
of
Class
A
shares
(formerly
Retail
Class
shares)
of
the
Funds
of
less
than
certain
amounts,
as
set
forth
in
the
Funds’
prospectus.
Therefore,
effective
as
of
May
6,
2024,
Class
A
shares
are
available
for
purchase
at
the
offering
price,
which
will
be
the
NAV
per
share
plus
an
up-front
sales
charge.
Shareholders
with
an
account
held
directly
with
a
Fund
that
held
Class
A
shares
of
the
Funds
prior
to
May
6,
2024
will
not
be
subject
to
the
sales
charge
on
any
future
purchases
or
redemptions
of
Class
A
shares
of
that
Fund
or
any
other
fund
that
is
a
series
of
the
TIAA-CREF
Funds
or
is
a
Nuveen
Fund
in
their
account.
Such
shareholders
will
be
able
to
purchase
Class
A
shares
at
NAV.
Fund
Purchases
Sales
Realized
Gain
(Loss)
Equity
Index
$
95,557,486
$
$
Large
Cap
Growth
Index
21,823,404
28,446,573
340,068
Large
Cap
Value
Index
68,016,875
9,174,470
(463,893)
Small
Cap
Blend
Index
1,387,332
Emerging
Markets
Equity
Index
3,923,655
7,662,813
(36,490,190)
International
Equity
Index
126,002,695
11,015,208
(19,897,524)
Underlying
Fund
Nuveen
Lifecycle
Index
Funds
TIAA
Access
Total
4.1
Equity
Index
60
%
1
%
61
%
4.2
Large
Cap
Growth
Index
4
4
4.3
Large
Cap
Value
Index
8
8
4.4
S&P
500
Index
10
10
4.5
Small
Cap
Blend
Index
18
18
4.6
Emerging
Markets
Equity
Index
69
1
70
4.7
International
Equity
Index
41
5
46
Notes
to
Financial
Statements
(Unaudited)
(continued)
206
Committed
Line
of
Credit:
During
June
2024,
the
Funds,
along
with
certain
other
funds
managed
by
the
Adviser
(“Participating
Funds”),
have
established
a
364-day,
$2.700
billion
standby
credit
facility
with
a
group
of
lenders,
under
which
the
Participating
Funds
may
borrow
for
temporary
purposes
(other
than
on-going
leveraging
for
investment
purposes),
and
replaces
the
previous
facility.
Each
Participating
Fund
is
allocated
a
designated
proportion
of
the
facility’s
capacity
(and
its
associated
costs,
as
described
below)
based
upon
a
multi-factor
assessment
of
the
likelihood
and
frequency
of
its
need
to
draw
on
the
facility,
the
size
of
the
Fund
and
its
anticipated
draws,
and
the
potential
importance
of
such
draws
to
the
operations
and
well-being
of
the
Fund,
relative
to
those
of
the
other
Funds.
A
Fund
may
effect
draws
on
the
facility
in
excess
of
its
designated
capacity
if
and
to
the
extent
that
other
Participating
Funds
have
undrawn
capacity.
The
credit
facility
expires
in
June
2025.
The
credit
facility
has
the
following
terms:
0.15%
per
annum
on
unused
commitment
amounts
and
a
drawn
interest
rate
equal
to
the
higher
of
(a)
OBFR
(Overnight
Bank
Funding
Rate)
plus
1.20%
per
annum
or
(b)
the
Fed
Funds
Effective
Rate
plus
1.20%
per
annum
on
amounts
borrowed.
Interest
expense
incurred
by
the
Participating
Funds,
when
applicable,
is
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations.
Participating
Funds
paid
administration,
legal
and
arrangement
fees,
which
are
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations,
and
along
with
commitment
fees,
have
been
allocated
among
such
Participating
Funds
based
upon
the
relative
proportions
of
the
facility’s
aggregate
capacity
reserved
for
them
and
other
factors
deemed
relevant
by
the
Adviser
and
the
Board
of
each
Participating
Fund.
Shareholder
Meeting
Report
(Unaudited)
207
On
November
20,
2023,
at
a
special
meeting
of
Equity
Index
Funds
shareholders,
the
following
persons
were
elected
to
serve
on
the
Board
of
Trustees:
Amy
B.
R.
Lancellotta,
Joanne
T.
Medero,
Albin
F.
Moschner,
Matthew
Thornton
III,
Terence
J.
Toth,
Margaret
L.
Wolff
and
Robert
L.
Young
were
elected
to
office.
Joseph
A.
Boateng,
Michael
A.
Forrester,
Thomas
J.
Kenny
and
Loren
M.
Starr
continued
in
office.
The
results
above
were
certified
by
Computershare
Fund
Services,
Inc.,
independent
tabulator
for
the
Nuveen
Funds.
Nominee
Shares
for
Percent
Shares
against
Percent
Shares
abstain
Percent
Joseph
A.
Boateng
7,867,205,687.722
97.811
63,973,498.504
0.795
112,105,650.721
1.394
Michael
A.
Forrester
7,873,729,461.057
97.892
59,739,021.744
0.743
109,816,354.146
1.365
Thomas
J.
Kenny
7,873,577,319.739
97.890
59,628,491.356
0.741
110,079,025.851
1.369
Amy
B.R.
Lancellotta
7,878,909,011.873
97.956
61,000,657.137
0.758
103,375,167.936
1.285
Joanne
T.
Medero
7,876,343,187.201
97.924
64,080,214.395
0.797
102,861,435.350
1.279
Albin
F.
Moschner
7,864,397,335.050
97.776
68,393,667.267
0.850
110,493,834.629
1.374
John
K.
Nelson
7,886,275,662.665
98.048
44,376,664.298
0.552
112,632,509.983
1.400
Loren
M.
Starr
7,894,997,953.803
98.156
42,187,698.178
0.525
106,099,184.965
1.319
Matthew
Thornton
III
7,886,183,390.754
98.047
46,175,035.497
0.574
110,926,410.695
1.379
Terence
J.
Toth
7,885,870,581.340
98.043
44,721,005.652
0.556
112,693,249.955
1.401
Margaret
L.
Wolff
7,878,323,371.788
97.949
61,940,121.572
0.770
103,021,343.586
1.281
Robert
L.
Young
7,887,121,209.624
98.058
43,556,830.170
0.542
112,606,797.152
1.400
Additional
Fund
Information
(Unaudited)
©2024
Teachers
Insurance
and
Annuity
Association
of
America—College
Retirement
Equities
Fund,
730
Third
Avenue,
New
York,
NY
10017-3206
208
Portfolio
holdings
The
TIAA-CREF
Funds
file
complete
portfolio
listings
with
the
Securities
and
Exchange
Commission
(SEC),
and
are
available
to
the
public.
You
can
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
holdings
(Portfolios
of
Investments)
as
of
the
most
recently
completed
fiscal
quarter
in
the
following
ways:
By
visiting
our
websites
at
TIAA.org
or
nuveen.com;
or
By
calling
us
at
800-842-2252
to
request
a
copy,
which
will
be
provided
free
of
charge.
You
can
also
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
portfolios
of
investments
as
of
the
most
recently
completed
fiscal
quarter,
and
for
prior
quarter-ends,
from
our
SEC
Form
N-CSR
and
Form
N-PORT
filings.
Form
N-CSR
filings
are
as
of
October
31
or
April
30;
Form
N-PORT
filings
are
as
of
January
31
or
July
31.
Copies
of
these
forms
are
available:
Through
the
Electronic
Data
Gathering
and
Retrieval
System
(EDGAR)
on
the
SEC’s
website
at
sec.gov;
or
From
the
SEC’s
Office
of
Investor
Education
and
Advocacy.
Call
202-551-8090
for
more
information.
Proxy
voting
TIAA-CREF
Funds’
ownership
of
stock
gives
it
the
right
to
vote
on
proxy
issues
of
companies
in
which
it
invests.
A
description
of
our
proxy
voting
policies
and
procedures
can
be
found
on
our
website
at
TIAA.org
or
on
the
SEC’s
website
at
sec.gov.
You
can
also
call
us
at
800-842-2252
to
request
a
free
copy.
A
report
of
how
the
funds
voted
during
the
most
recently
completed
twelve-month
period
ended
June
30
can
be
found
on
our
website
or
on
Form
N-PX
at
sec.gov.
Contacting
TIAA
There
are
three
easy
ways
to
contact
us:
by
email,
using
the
Contact
Us
link
under
Get
Help
at
the
top
of
our
home
page;
by
mail
at
TIAA,
730
Third
Avenue,
New
York,
NY
10017-3206;
or
by
phone
at
800-842-2252.
Fund
management
The
TIAA-CREF
Funds
are
managed
by
the
portfolio
management
teams
of
Teachers
Advisors,
LLC.
The
members
of
these
teams
are
responsible
for
the
day-to-day
investment
management
of
the
funds.
You
should
carefully
consider
the
investment
objectives,
risks,
charges
and
expenses
of
any
fund
before
investing.
For
a
prospectus
that
contains
this
and
other
information,
please
visit
TIAA.org,
or
call
800-842-2252
for
Class
I,
Class
R6
,
Premier,
and
Retirement
classes
or
800-223-1200
for
Class
A.
Please
read
the
prospectus
carefully
before
investing.
Investment,
insurance
and
annuity
products
are
not
Federal
Deposit
Insurance
Corporation
(FDIC)
insured,
are
not
bank
guaranteed,
are
not
bank
deposits,
are
not
insured
by
any
federal
government
agency,
are
not
a
condition
to
any
banking
service
or
activity,
and
may
lose
value.
Nuveen,
a
subsidiary
of
TIAA,
provides
investment
advice
and
portfolio
management
services
through
a
dozen
affiliated
registered
investment
advisers.
Nuveen
Securities,
LLC
and
TIAA-CREF
Individual
&
Institutional
Services,
LLC,
members
FINRA,
distribute
securities
products.
This
material
is
for
informational
or
educational
purposes
only
and
does
not
constitute
fiduciary
investment
advice
under
ERISA,
a
securities
recommendation
under
all
securities
laws,
or
an
insurance
product
recommendation
under
state
insurance
laws
or
regulations.
This
material
does
not
take
into
account
any
specific
objectives
or
circumstances
of
any
particular
investor,
or
suggest
any
specific
course
of
action.
Investment
decisions
should
be
made
based
on
an
investor’s
own
objectives
and
circumstances.
209
Approval
of
Investment
Management
Agreement
{Unaudited}
At
meetings
held
on
April
18
and
19,
2024
(the
“Meeting”),
the
Board
of
Trustees
(collectively,
the
“Board”
and
each
Trustee,
a
“Board
Member”)
of
TIAA-CREF
Funds
(the
“Trust”)
approved,
for
each
applicable
series
of
the
Trust,
the
renewal
of
the
investment
management
agreement
with
Teachers
Advisors,
LLC
(“TAL”
and
TAL
is
an
“Adviser”)
pursuant
to
which
TAL
serves
as
investment
adviser
to
such
funds.
The
Board
Members
are
not
“interested
persons”
(as
defined
under
the
Investment
Company
Act
of
1940
(the
“1940
Act”))
and,
therefore,
the
Board
is
deemed
to
be
comprised
of
all
disinterested
Board
Members.
References
to
the
Board
and
the
Board
Members
are
interchangeable.
Below
is
a
summary
of
the
annual
review
process
the
Board
undertook
related
to
its
most
recent
renewal
of
the
investment
management
agreement
(each
an
“Advisory
Agreement”)
with
respect
to
each
series
covered
by
this
report
(the
“Funds”).
In
accordance
with
applicable
law,
following
up
to
an
initial
two-year
period,
the
Board
considers
the
renewal
of
each
Advisory
Agreement
on
behalf
of
the
applicable
Fund
on
an
annual
basis.
In
addition,
the
fund
complex
consists
of
the
group
of
funds
advised
by
TAL
(collectively
referred
to
as
the
“TC
funds”)
and
the
group
of
funds
advised
by
Nuveen
Fund
Advisors,
LLC
(“NFAL”
and
such
funds
are
collectively,
the
“Nuveen
funds”).
For
clarity,
TAL
serves
as
Adviser
to
the
TC
funds,
including
the
Funds,
and
NFAL
serves
as
“Adviser”
to
the
Nuveen
funds.
The
Board
Members
considered
that
the
prior
separate
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
Accordingly,
at
the
Meeting,
the
Board
Members
considered
the
review
of
the
advisory
agreements
for
the
TC
funds
as
well
as
reviewed
the
investment
management
agreements
and
sub-advisory
agreements
for
the
Nuveen
funds.
Depending
on
the
appropriate
context,
references
to
“the
Adviser”
may
be
to
TAL
with
respect
to
the
TC
funds
and/or
NFAL
with
respect
to
the
Nuveen
funds.
The
Board
Members
considered
the
review
of
the
advisory
agreements
of
the
TC
funds
and
the
Nuveen
funds
to
be
an
ongoing
process.
The
Board
Members
therefore
employed
the
accumulated
information,
knowledge
and
experience
they
had
gained
during
their
tenure
on
the
respective
board
of
the
TC
funds
or
Nuveen
funds
(as
the
case
may
be)
governing
the
applicable
funds
and
working
with
the
respective
investment
advisers
and
sub-advisers,
as
applicable,
in
their
review
of
the
advisory
agreements
for
the
fund
complex.
During
the
course
of
the
year
prior
to
the
Meeting,
the
Board
and/or
its
committees
received
a
wide
variety
of
materials
that
covered
a
range
of
topics
relevant
to
the
Board’s
annual
consideration
of
the
renewal
of
the
advisory
agreements,
including
reports
on
fund
investment
results
over
various
periods;
product
initiatives
for
various
funds;
fund
expenses;
compliance,
regulatory
and
risk
management
matters;
trading
practices
including
soft
dollar
arrangements
(as
applicable);
the
liquidity
and
derivatives
risk
management
programs;
management
of
distributions;
valuation
of
securities;
payments
to
financial
intermediaries,
including
12b-
1
expenses
(as
applicable);
securities
lending
(as
applicable);
and
overall
market
and
regulatory
developments.
The
Board
also
met
periodically
with
and/or
received
presentations
by
key
investment
professionals
managing
a
fund’s
portfolio.
In
particular,
at
the
Board
meeting
held
on
February
27-29,
2024
(the
“February
Meeting”),
the
Board
and/or
its
Investment
Committee
received
the
annual
performance
review
of
the
funds
as
described
in
further
detail
below.
The
presentations,
discussions
and
meetings
throughout
the
year
also
provide
a
means
for
the
Board
to
evaluate
and
consider
the
level,
breadth
and
quality
of
services
provided
by
the
Adviser
and
how
such
services
have
changed
over
time
in
light
of
new
or
modified
regulatory
requirements,
changes
to
market
conditions
or
other
factors.
In
connection
with
its
annual
consideration
of
the
advisory
agreements,
the
Board,
through
its
independent
legal
counsel,
requested
and
received
extensive
materials
and
information
prepared
specifically
for
its
review
of
the
advisory
agreements.
The
materials
provided
at
the
Meeting
and/or
prior
meetings
covered
a
wide
range
of
matters
including,
but
not
limited
to,
a
description
of
the
nature,
extent
and
quality
of
services
provided
by
the
Adviser;
the
consolidation
of
the
Nuveen
fund
family
and
TC
fund
family;
a
review
of
product
actions
advanced
in
2023
for
the
benefit
of
particular
funds
and/or
the
fund
complex;
a
review
of
the
applicable
investment
team;
an
analysis
of
fund
performance
with
a
focus
on
funds
considered
to
have
met
certain
challenged
performance
measurements;
an
analysis
of
the
fees
and
expense
ratios
of
the
funds
with
a
focus
on
funds
considered
to
have
certain
expense
characteristics;
a
list
of
management
fee
schedules;
a
review
of
contractual
and/or
voluntary
expense
caps
and
fee
waivers
for
the
TC
funds;
a
description
of
portfolio
manager
compensation;
a
description
of
the
profitability
and/or
financial
data
of
Nuveen
and
TAL;
and
a
description
of
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationships
with
the
funds.
The
Board
also
considered
information
provided
by
Broadridge
Financial
Solutions,
Inc.
(“Broadridge”),
an
independent
provider
of
investment
company
data,
comparing
fee
and
expense
levels
of
each
respective
fund
to
those
of
a
peer
universe
and,
with
respect
to
open-end
funds,
also
to
a
peer
group
of
funds
selected
by
Broadridge,
subject
to
certain
exceptions.
The
information
prepared
specifically
for
the
annual
review
supplemented
the
information
provided
to
the
Board
and
its
committees
and
the
evaluations
of
the
funds
by
the
Board
and
its
committees
during
the
year.
The
Board’s
review
of
the
advisory
agreements
for
the
fund
complex
is
based
on
all
the
information
provided
to
the
Board
and
its
committees
over
time.
The
performance,
fee
and
expense
data
and
other
information
provided
by
the
Adviser,
Broadridge
or
other
service
providers
were
not
independently
verified
by
the
Board
Members.
As
part
of
their
review,
the
Board
Members
and
independent
legal
counsel
met
by
videoconference
in
executive
session
on
April
10,
2024
(the
“April
Executive
Session”)
to
review
and
discuss
materials
provided
in
connection
with
their
annual
review
of
the
advisory
agreements
for
the
fund
complex.
After
reviewing
this
information,
the
Board
Members
requested,
directly
or
through
independent
legal
counsel,
additional
information,
and
the
Board
subsequently
reviewed
and
discussed
the
responses
to
these
follow-up
questions
and
requests.
210
Approval
of
Investment
Management
Agreement
(continued)
{Unaudited}
The
Board
Members
were
advised
by
independent
legal
counsel
during
the
annual
review
process
as
well
as
throughout
the
year,
including
meeting
in
executive
sessions
with
such
counsel
at
which
no
representatives
of
management
were
present.
In
connection
with
their
annual
review,
the
Board
Members
also
received
a
memorandum
from
independent
legal
counsel
outlining
their
fiduciary
duties
and
legal
standards
in
reviewing
the
Advisory
Agreements,
including
guidance
from
court
cases
evaluating
advisory
fees.
The
Board’s
decisions
to
renew
each
Advisory
Agreement
were
not
based
on
a
single
identified
factor,
but
rather
each
decision
reflected
the
comprehensive
consideration
of
all
the
information
provided
to
the
Board
and
its
committees
throughout
the
year
as
well
as
the
materials
prepared
specifically
in
connection
with
the
annual
review
process.
The
contractual
arrangements
may
reflect
the
results
of
prior
year(s)
of
review,
negotiation
and
information
provided
in
connection
with
the
Board’s
annual
review
of
the
funds’
advisory
arrangements
and
oversight
of
the
funds.
Each
Board
Member
may
have
attributed
different
levels
of
importance
to
the
various
factors
and
information
considered
in
connection
with
the
annual
review
process
and
may
have
placed
different
emphasis
on
the
relevant
information
year
to
year
in
light
of,
among
other
things,
changing
market
and
economic
conditions.
A
summary
of
the
principal
factors
and
information,
but
not
all
the
factors,
the
Board
considered
in
deciding
to
renew
the
Advisory
Agreements
is
set
forth
below.
Nature,
Extent
and
Quality
of
Services
In
evaluating
the
renewal
of
the
Advisory
Agreements,
the
Board
Members
received
and
considered
information
regarding
the
nature,
extent
and
quality
of
the
Adviser’s
services
provided
to
each
respective
Fund
with
particular
focus
on
the
services
and
enhancements
or
changes
to
such
services
provided
during
the
last
year.
The
Board
considered
that
the
Adviser
provides
a
wide
array
of
management,
oversight
and
other
services
to
manage
and
operate
the
applicable
funds.
The
Board
considered
the
Adviser’s
and
its
affiliates’
dedication
of
resources,
time,
people
and
capital
as
well
as
continual
program
of
improvement
and
innovation
aimed
at
enhancing
the
funds
and
fund
complex
for
investors
and
meeting
the
needs
of
an
increasingly
complex
regulatory
environment.
In
particular,
over
the
past
several
years,
the
Board
considered
the
significant
resources,
both
financial
and
personnel,
the
Adviser
and
its
affiliates
have
committed
in
working
to
consolidate
the
Nuveen
fund
family
and
TC
fund
family
under
one
centralized
umbrella.
The
Board
considered
that
the
organizational
changes
in
bringing
together
Nuveen,
its
affiliates
and
TIAA’s
(as
defined
below)
asset
management
businesses,
consolidating
the
Nuveen
and
TC
fund
families
and
other
initiatives
were
anticipated
to
provide
various
benefits
for
the
funds
through,
among
other
things,
enhanced
operating
efficiencies,
centralized
investment
leadership
and
a
centralized
shared
resources
and
support
model.
As
part
of
these
efforts,
the
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
The
Board
also
reviewed
information
regarding
other
product
actions
undertaken
or
continued
by
management
in
the
2023
calendar
year
in
seeking
to
improve
the
effectiveness
of
the
organization,
the
product
line-up
as
well
as
particular
funds
through,
among
other
things,
continuing
to
review
and
optimize
the
product
line
and
gaining
efficiencies
through
mergers
and
liquidations;
reviewing
and
updating
investment
policies
and
benchmarks;
implementing
fee
waivers
and/or
expense
cap
changes
for
certain
funds;
evaluating
and
adjusting
portfolio
management
teams
as
appropriate
for
various
funds;
and
developing
policy
positions
on
a
broad
range
of
regulatory
proposals
that
may
impact
the
funds
and
communicating
with
lawmakers
and
other
regulatory
authorities
to
help
ensure
these
positions
are
considered.
In
its
review,
the
Board
considered
that
the
funds
operated
in
a
highly
regulated
industry
and
the
scope
and
complexity
of
the
services
and
resources
that
the
Adviser
and
its
affiliates
must
provide
to
manage
and
operate
the
applicable
funds
have
expanded
over
the
years
as
a
result
of,
among
other
things,
regulatory,
market
and
other
developments,
such
as
the
adoption
of
the
tailored
shareholder
report
or
the
revised
fund
name
rule.
In
considering
the
breadth
and
quality
of
services
TAL
and
its
various
teams
provide
with
respect
to
the
TC
funds,
the
Board
considered
that
TAL
is
responsible
for
providing
various
types
of
investment
advisory
services,
including,
among
other
things,
furnishing
an
investment
program
for
each
TC
fund;
managing
the
assets
of
such
funds,
including
conducting
research,
identifying
investments
and
placing
orders
for
the
purchase
or
sale
of
the
portfolio
investments
for
the
fund;
and
evaluating
fund
performance
and
implementing
changes
thereto.
The
Board
further
considered
that
over
the
course
of
the
2023
calendar
year,
the
Nuveen
global
public
product
team
which
supports
the
funds
in
the
fund
complex
and
their
shareholders
assessed
the
investment
personnel
across
the
investment
leadership
teams
which
resulted
in
additions
or
other
modifications
to
the
portfolio
management
teams
of
various
funds.
The
Board
also
reviewed
a
description
of
the
compensation
structure
applicable
to
certain
portfolio
managers.
211
In
addition
to
the
above
investment
advisory
services,
the
Board
further
considered
the
extensive
compliance,
regulatory,
administrative
and
other
services
the
Adviser
and
its
various
teams
or
affiliates
provide
to
manage
and
operate
the
applicable
funds.
Given
the
highly
regulated
industry
in
which
the
funds
operate,
the
Board
considered
the
breadth
of
the
Adviser’s
compliance
program
and
related
policies
and
procedures.
The
Board
reviewed
various
initiatives
the
Adviser’s
compliance
team
undertook
or
continued
in
2023,
in
part,
to
address
new
regulatory
requirements,
support
international
business
growth
and
product
development,
enhance
international
trading
capabilities,
enhance
monitoring
capabilities
in
light
of
the
new
regulatory
requirements
and
guidance
and
maintain
a
comprehensive
training
program.
The
Board
further
considered,
among
other
things,
that
other
non-advisory
services
provided
included,
among
other
things,
board
support
and
reporting;
establishing
and
reviewing
the
services
provided
by
other
fund
service
providers
(such
as
a
fund’s
custodian,
accountant,
and
transfer
agent);
risk
management,
including
reviews
of
the
liquidity
risk
management
and
derivatives
risk
management
programs;
legal
support
services;
regulatory
advocacy;
and
cybersecurity,
business
continuity
and
disaster
recovery
planning
and
testing.
With
respect
to
the
TC
funds,
the
Board
considered
that
certain
non-investment
and
non-distribution
services
were
provided
by
TAL
or
its
affiliates
pursuant
to
a
separate
administrative
agreement;
however,
given
the
consolidation
of
the
TC
funds
and
Nuveen
funds
with
the
centralization
of
services
and
resources,
such
administrative
agreement
was
anticipated
to
be
phased
out
over
a
three-year
period
with
the
administrative
services
for
the
Funds
to
be
provided
under
the
respective
Advisory
Agreements
at
no
additional
cost.
Aside
from
the
services
provided,
the
Board
considered
the
financial
resources
of
the
Adviser
and/or
its
affiliates
and
their
willingness
to
make
investments
in
the
technology,
personnel
and
infrastructure
to
support
the
funds,
including
to
enhance
global
talent,
middle
office
systems,
software
and
international
and
internal
capabilities.
The
Board
considered
the
access
provided
by
the
Adviser
and
its
affiliates
to
a
seed
capital
budget
to
support
new
or
existing
funds
and/or
facilitate
changes
for
a
respective
fund.
The
Board
considered
the
benefits
to
shareholders
of
investing
in
a
fund
that
is
a
part
of
a
large
fund
complex
with
a
variety
of
investment
disciplines,
capabilities,
expertise
and
resources
available
to
navigate
and
support
the
funds
including
during
stressed
times.
The
Board
considered
the
overall
reputation
and
capabilities
of
the
Adviser
and
its
affiliates
and
the
Adviser’s
continuing
commitment
to
provide
high
quality
services.
In
its
review,
the
Board
also
considered
the
significant
risks
borne
by
the
Adviser
and
its
affiliates
in
connection
with
their
services
to
the
applicable
funds,
including
entrepreneurial
risks
in
sponsoring
and
supporting
new
funds
and
smaller
funds
and
ongoing
risks
with
managing
the
funds
such
as
investment,
operational,
reputational,
regulatory,
compliance
and
litigation
risks.
Based
on
its
review,
the
Board
determined,
in
the
exercise
of
its
reasonable
business
judgment,
that
it
was
satisfied
with
the
nature,
extent
and
quality
of
services
provided
to
the
respective
Funds
under
each
applicable
Advisory
Agreement.
The
Investment
Performance
of
the
Funds
and
Adviser
In
evaluating
the
quality
of
the
services
provided
by
the
Adviser,
the
Board
also
considered
a
variety
of
investment
performance
data
of
the
Funds.
In
this
regard,
the
Board
and/or
its
Investment
Committee
reviewed,
among
other
things,
performance
of
the
Funds
over
the
quarter,
one-,
three-
and
five-year
periods
ending
December 31,
2023
and
March 31,
2024.
For
those
Funds
with
multiple
share
classes,
the
performance
data
was
based
on
Class
R6
shares
(formerly,
the
Institutional
Class
shares);
however,
the
performance
of
other
share
classes
was
substantially
similar
as
those
other
share
classes
invest
in
the
same
portfolio
of
securities
and
differences
in
performance
among
the
classes
would
be
principally
attributed
to
the
variations
in
the
expense
structures
of
the
share
classes.
The
Board
performed
its
annual
review
of
fund
performance
at
its
February
Meeting
and
an
additional
review
at
the
April
Executive
Session
and
also
reviewed
and
discussed
performance
data
at
its
other
regularly
scheduled
quarterly
meetings
throughout
the
year.
The
Board
therefore
took
into
account
the
performance
data,
presentations
and
discussions
(written
and
oral)
that
were
provided
at
the
Meeting
and
in
prior
meetings
over
time
in
evaluating
fund
performance,
including
management’s
analysis
of
a
fund’s
performance
with
particular
focus
on
funds
that
met
certain
challenged
performance
measurements
as
determined
pursuant
to
a
methodology
approved
by
the
Board
or
additional
measurements
as
determined
by
management’s
investment
analysts.
As
various
funds
have
modified
their
portfolio
teams
and/or
made
significant
changes
to
their
portfolio
strategies
over
time,
the
Board
reviewed,
among
other
things,
certain
tracking
performance
data
over
specific
periods
comparing
performance
before
and
after
such
changes.
The
Board
considered
that
performance
data
reflects
performance
over
a
specified
period
which
may
differ
significantly
depending
on
the
ending
dates
selected,
particularly
during
periods
of
market
volatility.
Further,
the
Board
considered
that
shareholders
may
evaluate
performance
based
on
their
own
respective
holding
periods
which
may
differ
from
the
performance
periods
reviewed
by
the
Board
and
lead
to
differing
results.
212
Approval
of
Investment
Management
Agreement
(continued)
{Unaudited}
In
its
evaluation,
the
Board
reviewed
fund
performance
results
from
different
perspectives.
In
general,
subject
to
certain
exceptions,
the
Board
reviewed
both
absolute
and
relative
fund
performance
over
the
various
time
periods
and
considered
performance
results
in
light
of
a
fund’s
investment
objective(s),
strategies
and
risks.
With
respect
to
the
relative
performance,
the
Board
considered
fund
performance
in
comparison
to
the
performance
of
peer
funds
(the
“Performance
Peer
Group”),
subject
to
certain
exceptions
and
recognized
and/or
customized
benchmarks
(i.e.,
generally
benchmarks
derived
from
multiple
recognized
benchmarks).
In
reviewing
such
comparative
performance,
the
Board
was
cognizant
of
the
inherent
limitations
of
such
data
which
can
make
meaningful
performance
comparisons
generally
difficult.
As
an
illustration,
differences
in
the
composition
of
the
Performance
Peer
Group,
the
investment
objective(s),
strategies,
dates
of
fund
inception
and
other
characteristics
of
the
peers
in
the
Performance
Peer
Group,
and
the
varying
sizes
of
peers
all
may
contribute
to
differences
in
the
performance
results
of
a
Performance
Peer
Group
compared
to
the
applicable
fund.
With
respect
to
relative
performance
of
a
fund
compared
to
a
benchmark
index,
differences,
among
other
things,
in
the
investment
objective(s)
and
strategies
of
a
fund
and
the
benchmark
(particularly
an
actively
managed
fund
that
does
not
directly
follow
an
index)
as
well
as
the
costs
of
operating
a
fund
would
necessarily
contribute
to
differences
in
performance
results
and
limit
the
value
of
the
comparative
performance
information.
In
its
review
of
relative
performance,
the
Board
considered
a
Fund’s
performance
relative
to
its
Performance
Peer
Group,
among
other
things,
by
evaluating
its
quartile
ranking
with
the
1st
quartile
representing
the
top
performing
funds
within
the
Performance
Peer
Group
and
the
4th
quartile
representing
the
lowest
performing
funds.
With
respect
to
passively
managed
TC
funds
that
were
designed
to
invest,
in
relevant
part,
based
on
an
index
(the
“Underlying
Index”),
including
each
Fund,
the
Board
also
received
and
reviewed
performance
information
including,
among
other
things,
such
Fund’s
ex-ante
tracking
error
compared
to
its
reference
index
over
various
periods
of
time.
The
Board
evaluated
performance
in
light
of
various
relevant
factors
which
may
include,
among
other
things,
general
market
conditions,
issuer-specific
information,
asset
class
information,
leverage
and
fund
cash
flows.
The
Board
considered
that
long-term
performance
could
be
impacted
by
even
one
period
of
significant
outperformance
or
underperformance
and
that
a
single
investment
theme
could
disproportionately
affect
performance.
Further,
the
Board
considered
that
market
and
economic
conditions
may
significantly
impact
a
fund’s
performance,
particularly
over
shorter
periods,
and
such
performance
may
be
more
reflective
of
such
economic
or
market
events
and
not
necessarily
reflective
of
management
skill.
Although
the
Board
reviews
short-,
intermediate-
and
longer-term
performance
data,
the
Board
considered
that
longer
periods
of
performance
may
reflect
full
market
cycles.
In
their
review
from
year
to
year,
the
Board
Members
consider
and
may
place
different
emphasis
on
the
relevant
information
in
light
of
changing
circumstances
in
market
and
economic
conditions.
In
evaluating
performance,
the
Board
focused
particular
attention
on
funds
with
less
favorable
performance
records.
However,
depending
on
the
facts
and
circumstances
including
any
differences
between
the
respective
fund
and
its
benchmark
and/or
Performance
Peer
Group,
the
Board
may
be
satisfied
with
a
fund’s
performance
notwithstanding
that
its
performance
may
be
below
that
of
its
benchmark
and/or
peer
group
for
certain
periods.
With
respect
to
any
funds
for
which
the
Board
has
identified
performance
issues,
the
Board
seeks
to
monitor
such
funds
more
closely
until
performance
improves,
discuss
with
the
Adviser
the
reasons
for
such
results,
consider
whether
any
steps
are
necessary
or
appropriate
to
address
such
issues,
discuss
and
evaluate
the
potential
consequences
of
such
steps
and
review
the
results
of
any
steps
undertaken.
The
performance
determinations
with
respect
to
each
Fund
are
summarized
below.
For
Nuveen
Equity
Index
Fund
(formerly,
TIAA-CREF
Equity
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
ended
December 31,
2023
and
second
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
213
For
Nuveen
Large
Cap
Growth
Index
Fund
(formerly,
TIAA-CREF
Large-Cap
Growth
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
ended
December 31,
2023
and
first
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-
year
period
and
first
quartile
for
the
three-
and
five-year
periods
ended
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Large
Cap
Value
Index
Fund
(formerly,
TIAA-CREF
Large-Cap
Value
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Small
Cap
Blend
Index
Fund
(formerly,
TIAA-CREF
Small-Cap
Blend
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
although
the
Fund
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
three-year
period
ended
December 31,
2023,
the
Fund
ranked
in
the
second
quartile
for
the
one-year
period
and
third
quartile
for
the
five-year
period
ended
December
31,
2023.
In
addition,
although
the
Fund
ranked
in
the
fourth
quartile
of
its
Performance
Peer
Group
for
the
three-
and
five-year
periods
ended
March
31,
2024,
the
Fund
ranked
in
the
second
quartile
for
the
one-year
period
ended
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
S&P
500
Index
Fund
(formerly,
TIAA-CREF
S&P
500
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
periods
ended
December 31,
2023
and
March
31,
2024
and
first
quartile
for
the
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
Emerging
Markets
Equity
Index
Fund
(formerly,
TIAA-CREF
Emerging
Markets
Equity
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
third
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
214
Approval
of
Investment
Management
Agreement
(continued)
{Unaudited}
For
Nuveen
International
Equity
Index
Fund
(formerly,
TIAA-CREF
International
Equity
Index
Fund),
the
Board
considered,
among
other
things,
the
performance
of
the
Fund
and
its
Underlying
Index
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March 31,
2024
as
well
as
its
tracking
error
compared
to
its
Underlying
Index
as
of
December
31,
2023
and
March
31,
2024
and
as
of
each
month
end
for
the
2023
calendar
year.
The
Board
considered
that
the
Fund
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
December 31,
2023
and
March
31,
2024.
Given
the
Fund’s
investment
objective,
however,
the
Board
placed
more
emphasis
on
its
review
of
the
tracking
error
and
correlation
data
and
after
review
of
such
data
and
other
metrics,
the
Board
considered
that
the
Fund
had
performed
in
line
with
expectations
in
2023.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
Fees,
Expenses
and
Profitability
Fees
and
Expenses
As
part
of
its
annual
review,
the
Board
generally
reviewed,
among
other
things,
the
contractual
management
fee
and
net/actual
management
fee
(i.e.,
the
management
fee
after
taking
into
consideration
fee
waivers
and/or
expense
reimbursements,
if
any)
paid
by
a
Fund
to
the
Adviser
in
light
of
the
nature,
extent
and
quality
of
the
services
provided.
The
Board
also
reviewed
information
about
other
expenses
and
the
total
operating
expense
ratio
of
each
Fund
(after
any
fee
waivers
and/or
expense
reimbursements).
More
specifically,
the
Board
Members
reviewed,
among
other
things,
each
Fund’s
management
fee
rates
and
net
total
expense
ratio
in
relation
to
similar
data
for
a
comparable
universe
of
funds
(the
“Expense
Universe”)
and
with
respect
to
open-end
funds,
for
a
more
focused
subset
of
comparable
funds
(the
“Expense
Group”)
established
by
Broadridge
(subject
to
certain
exceptions).
The
Board
Members
reviewed
the
methodology
Broadridge
employed
to
establish
its
Expense
Universe
and
Expense
Group
(as
applicable)
and
considered
that
differences
between
the
applicable
fund
and
its
respective
Expense
Universe
and/or
Expense
Group,
as
well
as
changes
to
the
composition
of
the
Expense
Universe
and/or
Expense
Group
from
year
to
year,
may
limit
some
of
the
value
of
the
comparative
data.
The
Board
Members
also
considered
that
it
can
be
difficult
to
compare
management
fees
among
funds
as
there
are
variations
in
the
services
that
are
included
for
the
fees
paid.
The
Board
Members
took
these
limitations
and
differences
into
account
when
reviewing
comparative
peer
data.
The
Board
Members
also
considered
a
fund’s
operating
expense
ratio
as
it
more
directly
reflected
a
shareholder’s
total
costs
in
investing
in
the
respective
fund.
In
their
review,
the
Board
Members
considered,
in
particular,
each
fund
with
a
net
total
expense
ratio
meeting
certain
expense
or
fee
criteria
when
compared
to
its
Expense
Universe
and
Expense
Group
(if
any)
and
an
analysis
as
to
the
factors
contributing
to
each
such
fund’s
relative
net
total
expense
ratio.
The
Board
Members
also
considered,
in
relevant
part,
a
Fund’s
management
fee
and
net
total
expense
ratio
in
light
of
the
Fund’s
performance
history,
including
reviewing
certain
funds
identified
by
management
and/or
the
Board
as
having
a
higher
net
total
expense
ratio
or
management
fee
compared
to
their
respective
peers
coupled
with
experiencing
periods
of
challenged
performance
and
considering
the
reasons
for
such
comparative
positions.
In
their
evaluation
of
the
fee
arrangements
for
the
Funds,
the
Board
Members
also
reviewed
the
management
fee
schedules
and
the
expense
reimbursements
and/or
fee
waivers
agreed
to
by
the
Adviser
for
the
respective
fund
(if
any).
In
addition,
in
conjunction
with
the
consolidation
of
the
Nuveen
funds
and
TC
funds,
the
TC
funds
will
phase
out
the
separate
administrative
agreement
pursuant
to
which
TAL
provided
certain
administrative
services
as
well
as
the
reimbursement
to
TAL
of
certain
costs
thereunder
over
a
three-year
period.
The
Board’s
considerations
regarding
the
comparative
fee
data
for
each
of
the
Funds
are
set
forth
below.
With
respect
to
the
quartile
rankings
noted
below,
the
first
quartile
represents
the
range
of
funds
with
the
lowest
management
fee
rate
or
net
total
expense
ratio,
as
applicable,
and
the
fourth
quartile
represents
the
range
of
funds
with
the
highest
management
fee
rate
or
net
total
expense
ratio,
as
applicable.
The
Board
considered
that
Broadridge
only
calculates
quartiles
if
a
minimum
number
of
peers
is
available
and
therefore
quartile
rankings
may
not
be
available
for
certain
Expense
Groups
and/or
Expense
Universes.
For
Nuveen
Equity
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
second
quartile,
second
quartile
and
first
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Further,
the
Fund’s
actual
management
fee
rate
matched
the
Expense
Group
median
and
its
net
total
expense
ratio
was
below
the
Expense
Group
median.
For
Nuveen
Large
Cap
Growth
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
first
quartile,
second
quartile
and
first
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Further,
the
Fund’s
actual
management
fee
rate
matched
the
Expense
Group
median,
and
the
Fund’s
net
total
expense
ratio
was
below
the
Expense
Group
median.
215
For
Nuveen
Large
Cap
Value
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
second
quartile,
second
quartile
and
first
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Further,
the
Fund’s
actual
management
fee
rate
matched
the
Expense
Group
median,
and
the
Fund’s
net
total
expense
ratio
was
below
the
Expense
Group
median.
For
Nuveen
Small
Cap
Blend
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
first
quartile,
second
quartile
and
first
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Further,
the
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
were
below
the
Expense
Group
median.
For
Nuveen
S&P
500
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
first
quartile,
second
quartile
and
first
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Further,
the
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
were
below
the
Expense
Group
median.
For
Nuveen
Emerging
Markets
Equity
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
Given
the
small
number
of
peers,
quartile
rankings
for
the
Expense
Group
were
not
available.
In
addition,
the
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
were
below
the
Expense
Group
median.
For
Nuveen
International
Equity
Index
Fund,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Group
and
Expense
Universe,
respectively.
In
addition,
the
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
were
below
the
Expense
Group
median.
Based
on
its
review
of
the
information
provided,
the
Board
determined
that
each
Fund’s
management
fees
(as
applicable)
to
the
Adviser
were
reasonable
in
light
of
the
nature,
extent
and
quality
of
services
provided
to
the
Fund.
Comparisons
with
the
Fees
of
Other
Clients
In
evaluating
the
appropriateness
of
fees,
the
Board
also
considered
that
the
Adviser
and/or
its
affiliate(s)
provide
investment
management
services
to
other
types
of
clients
which
may
include:
separately
managed
accounts,
retail
managed
accounts,
foreign
funds
(UCITS),
other
investment
companies
(as
sub-advisers),
limited
partnerships
and
collective
investment
trusts.
The
Board
reviewed
the
equal
weighted
average
fee
or
other
fee
data
for
the
other
types
of
clients
managed
in
a
similar
manner
to
certain
of
the
Nuveen
funds
and
TC
funds.
The
Board
considered
the
Adviser’s
rationale
for
the
differences
in
the
management
fee
rates
of
the
funds
compared
to
the
management
fee
rates
charged
to
these
other
types
of
clients.
In
this
regard,
the
Board
considered
that
differences,
including
but
not
limited
to,
the
amount,
type
and
level
of
services
provided
by
the
Adviser
to
the
funds
compared
to
that
provided
to
other
clients
as
well
as
differences
in
investment
policies;
regulatory,
disclosure
and
governance
requirements;
servicing
relationships
with
vendors;
the
manner
of
managing
such
assets;
product
structure;
investor
profiles;
and
account
sizes
all
may
contribute
to
variations
in
relative
fee
rates.
Further,
differences
in
the
client
base,
governing
bodies,
distribution,
jurisdiction
and
operational
complexities
also
would
contribute
to
variations
in
management
fees
assessed
the
funds
compared
to
foreign
fund
clients.
In
addition,
differences
in
the
level
of
advisory
services
required
for
passively
managed
funds
also
contribute
to
differences
in
the
management
fee
levels
of
such
funds
compared
to
actively
managed
funds.
As
a
general
matter,
higher
fee
levels
reflect
higher
levels
of
service
provided
by
the
Adviser,
increased
investment
management
complexity,
greater
product
management
requirements,
and
higher
levels
of
business
risk
or
some
combination
of
these
factors.
The
Board
considered
the
wide
range
of
services
in
addition
to
investment
management
that
the
Adviser
had
provided
to
the
funds
compared
to
other
types
of
clients
as
well
as
the
increased
entrepreneurial,
legal
and
regulatory
risks
that
the
Adviser
incurs
in
sponsoring
and
managing
the
funds.
The
Board
concluded
that
the
varying
levels
of
fees
were
reasonable
given,
among
other
things,
the
more
extensive
services,
regulatory
requirements
and
legal
liabilities,
and
the
entrepreneurial,
legal
and
regulatory
risks
incurred
in
sponsoring
and
advising
a
registered
investment
company
compared
to
that
required
in
advising
other
types
of
clients.
216
Approval
of
Investment
Management
Agreement
(continued)
{Unaudited}
Profitability
of
the
Adviser
In
their
review,
the
Board
Members
reviewed
a
variety
of
profitability
information
relating
to
TAL
as
a
result
of
its
advisory
services
to
the
TC
funds.
In
developing
the
profitability
data,
the
Board
Members
considered
the
subjective
nature
of
calculating
profitability
as
the
information
is
not
audited
and
is
necessarily
dependent
on
cost
allocation
methodologies
to
allocate
expenses
throughout
the
complex
and
among
the
various
advisory
products.
The
Board
Members
received
profitability
data
for
TAL
attributable
to
the
TC
funds
in
the
aggregate
and
on
a
per-TC
fund
basis.
The
Board
Members
reviewed,
among
other
things,
TAL’s
profitability
margin
(pre-
and
post-distribution
expenses)
for
the
TC
funds
for
each
year
from
2014
to
2023
as
well
as
TAL’s
revenue,
expenses
and
net
earnings
before
federal
income
tax
(pre-
and
post-distribution
expenses)
from
the
TC
funds
for
the
year
ended
December
31,
2023
compared
to
December
31,
2022.
The
Board
reviewed
the
profitability
margins
(pre-
and
post-marketing
and
pre-tax)
of
TAL
for
the
TC
funds
for
the
2023
fiscal
year
compared
to
the
profitability
margins
(pre-marketing
(subject
to
exceptions)
and
post-marketing
and
pre-tax)
of
a
peer
group
of
certain
asset
management
firms
for
the
2022
fiscal
year.
The
Board
considered
that
TAL
had
calculated
that
it
earned
profits
(pre-distribution)
for
the
one-year
period
ended
December
31,
2023
with
respect
to
each
of
the
Funds.
In
evaluating
profitability
data,
the
Independent
Trustees
considered
the
difficulty
in
calculating
profitability
particularly
at
the
individual
Fund
level
given
that
differing
but
reasonable
allocation
methodologies
could
be
employed
and
lead
to
significantly
different
results.
The
Board
Members
also
reviewed
the
unaudited
financial
statements
for
TAL
dated
December
31,
2023.
Aside
from
the
profitability
data,
the
Board
considered
that
NFAL
and
TAL
are
affiliates
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”).
NFAL
is
a
subsidiary
of
Nuveen,
LLC,
the
investment
management
arm
of
TIAA,
and
TAL
is
an
indirect
wholly
owned
subsidiary
of
TIAA.
Accordingly,
the
Board
also
reviewed
a
balance
sheet
for
TIAA
reflecting
its
assets,
liabilities
and
capital
and
contingency
reserves
for
the
2023
and
2022
calendar
years
to
consider
the
financial
strength
of
TIAA.
The
Board
considered
the
benefit
of
an
investment
adviser
and
its
parent
with
significant
resources,
particularly
during
periods
of
market
volatility.
The
Board
also
considered
the
reinvestments
the
Adviser,
its
parent
and/or
other
affiliates
made
into
their
business
through,
among
other
things,
the
investment
of
seed
capital
in
certain
funds,
initiatives
in
international
expansion,
investments
in
infrastructure
and
continued
investments
in
enhancements
to
technological
capabilities.
In
evaluating
the
reasonableness
of
the
compensation,
the
Board
Members
also
considered
the
indirect
benefits
the
Adviser
received
that
were
directly
attributable
to
the
management
of
the
applicable
funds
as
discussed
in
further
detail
below.
Based
on
its
review,
the
Board
was
satisfied
that
the
Adviser’s
level
of
profitability
from
its
relationship
with
each
Fund
was
not
unreasonable
over
various
time
frames
in
light
of
the
nature,
extent
and
quality
of
services
provided.
Economies
of
Scale
and
Whether
Fee
Levels
Reflect
These
Economies
of
Scale
The
Board
considered
whether
there
have
been
economies
of
scale
with
respect
to
the
management
of
the
funds
in
the
fund
complex,
whether
these
economies
of
scale
have
been
appropriately
shared
with
such
funds
and
whether
there
is
potential
for
realization
of
further
economies
of
scale.
Although
the
Board
considered
that
economies
of
scale
are
difficult
to
measure
with
any
precision
and
the
rates
at
which
certain
expenses
are
incurred
may
not
decline
with
a
rise
in
assets,
the
Board
considered
that
there
are
various
methods
that
may
be
employed
to
help
share
the
benefits
of
economies
of
scale,
including,
among
other
things,
through
the
use
of
breakpoints
in
the
management
fee
schedule,
fee
waivers
and/or
expense
limitations,
the
pricing
of
funds
at
scale
at
inception
and
investments
in
the
Adviser’s
business
which
can
enhance
the
services
provided
to
the
applicable
funds
for
the
fees
paid.
The
Board
considered
that
the
Adviser
has
generally
employed
one
or
more
of
these
various
methods
among
the
applicable
funds.
The
Board
considered
that
the
Funds,
however,
do
not
have
breakpoint
schedules.
In
addition,
the
Board
Members
considered
the
contractual
and/or
voluntary
expense
caps
(if
any)
applicable
to
a
fund.
The
Board
considered
that
such
waivers
and
reimbursements
applicable
to
the
respective
funds
are
another
means
for
potential
economies
of
scale
to
be
shared
with
shareholders
of
such
funds
and
can
provide
a
protection
from
an
increase
in
expenses
if
the
assets
of
the
applicable
funds
decline.
The
Board
Members
also
considered
the
continued
reinvestment
in
Nuveen/TIAA’s
business
to
enhance
its
capabilities
and
services
to
the
benefit
of
its
various
clients.
The
Board
understood
that
many
of
these
investments
were
not
specific
to
individual
funds
but
rather
incurred
across
a
variety
of
products
and
services
pursuant
to
which
the
family
of
funds
as
a
whole
may
benefit.
The
Board
further
considered
that
the
Adviser
and
its
affiliates
have
provided
certain
additional
services,
including,
but
not
limited
to,
services
required
by
new
regulations
and
regulatory
interpretations,
without
raising
advisory
fees
to
the
funds,
and
this
was
also
a
means
of
sharing
economies
of
scale
with
the
funds
and
their
shareholders.
The
Board
considered
the
Adviser’s
and/or
its
affiliates’
ongoing
efforts
to
streamline
the
product
line-up,
among
other
things,
to
create
more
scaled
funds
which
may
help
improve
both
expense
and
trading
economies.
Based
on
its
review,
the
Board
was
satisfied
that
the
current
fee
arrangements
together
with
the
reinvestment
in
management’s
business
appropriately
shared
any
economies
of
scale
with
shareholders.
217
Indirect
Benefits
The
Board
Members
received
and
considered
information
regarding
various
indirect
benefits
the
Adviser
or
its
affiliates
may
receive
as
a
result
of
their
relationship
with
the
funds
in
the
fund
complex.
These
benefits
included,
among
other
things,
economies
of
scale
to
the
extent
the
Adviser
or
its
affiliates
share
investment
resources
and/or
personnel
with
other
clients
of
the
Adviser.
The
funds
may
also
be
used
as
investment
options
for
other
products
or
businesses
offered
by
the
Adviser
and/or
its
affiliates,
such
as
variable
products,
fund
of
funds
and
529
education
savings
plans,
and
affiliates
of
the
Adviser
may
serve
as
sub-advisers
to
various
funds
in
which
case
all
advisory
and
sub-advisory
fees
generated
by
such
funds
stay
within
Nuveen.
Further,
the
funds
may
pay
the
Adviser
and/or
its
affiliates
for
other
services,
such
as
distribution.
In
this
regard,
the
Board
Members
considered
that
an
affiliate
of
the
Adviser
serves
as
principal
underwriter
providing
distribution
and/or
shareholder
services
to
the
open-end
funds
for
which
it
may
be
compensated.
The
Board
Members
also
considered
that
certain
share
classes
of
the
funds
(subject
to
certain
exceptions)
pay
12b-1
fees,
some
of
which
may
be
retained
by
the
Adviser’s
affiliate.
In
addition,
the
Board
Members
considered
that
the
Adviser
may
utilize
soft
dollar
brokerage
arrangements
attributable
to
the
respective
fund(s)
to
obtain
research
and
other
services
for
any
or
all
of
its
clients,
although
the
Board
Members
also
considered
that
the
Adviser
reimburses
the
Funds
for
all
such
costs.
The
Adviser
and
its
affiliates
may
also
benefit
from
the
advisory
relationships
with
the
funds
in
the
fund
complex
to
the
extent
this
relationship
results
in
potential
investors
viewing
the
TIAA
group
of
companies
as
a
leading
retirement
plan
provider
in
the
academic
and
nonprofit
market
and
a
single
source
for
all
their
financial
service
needs.
The
Adviser
and/or
its
affiliates
may
further
benefit
to
the
extent
that
they
have
pricing
or
other
information
regarding
vendors
the
funds
utilize
in
establishing
arrangements
with
such
vendors
for
other
products.
Based
on
its
review,
the
Board
concluded
that
any
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationship
with
the
Funds
were
reasonable
in
light
of
the
services
provided.
Other
Considerations
The
Board
Members
did
not
identify
any
single
factor
discussed
previously
as
all-important
or
controlling.
The
Board
Members
concluded
that
the
terms
of
each
Advisory
Agreement
were
reasonable,
that
the
Adviser’s
fees
were
reasonable
in
light
of
the
services
provided
to
each
Fund
and
that
the
Advisory
Agreements
be
renewed
for
an
additional
one-year
period.
Liquidity
Risk
Management
Program
(Unaudited)
218
Discussion
of
the
operation
and
effectiveness
of
the
Funds’
liquidity
risk
management
program
In
compliance
with
Rule
22e-4
under
the
Investment
Company
Act
of
1940,
as
amended
(the
“Liquidity
Rule”),
each
series
of
the
Trust
covered
by
this
Report
(the
“Funds”)
has
adopted
and
implemented
a
liquidity
risk
management
program
(the
“Program”),
which
is
reasonably
designed
to
assess
and
manage
the
Funds’
liquidity
risk.
The
Program
consists
of
various
provisions
relating
to
assessing
and
managing
Fund
liquidity
risk,
as
discussed
further
below.
The
Funds’
Board
of
Trustees
(the
“Board”)
previously
approved
the
designation
of
Advisors
(the
“Administrator”)
as
Program
administrator.
The
Liquidity
Monitoring
and
Analysis
Team
(the
“LMAT”)
carries
out
day-to-day
Program
management
with
oversight
by
the
Liquidity
Oversight
Committee
(the
“LOSC”).
Personnel
from
the
Administrator
and
Nuveen
Fund
Advisors,
LLC,
an
affiliate
of
the
Administrator,
comprise
the
LMAT
and
LOSC.
At
a
May
14-16,
2024
Board
meeting,
the
Administrator
provided
the
Board
with
a
written
report
addressing
the
Program’s
operation,
adequacy,
and
effectiveness
of
implementation
for
the
period
from
January
1,
2023
through
December
31,
2023
(the
“Review
Period”),
as
required
under
the
Liquidity
Rule.
The
report
noted
that
the
Program
has
been
and
continues
to
be
adequately
and
effectively
implemented
to
monitor
and
(as
applicable)
respond
to
the
Funds’
liquidity
developments.
In
accordance
with
the
Program,
the
LMAT
assesses
each
Fund’s
liquidity
risk
no
less
frequently
than
annually
based
on
various
factors,
such
as
(i)
the
Fund’s
investment
strategy
and
the
liquidity
of
portfolio
investments,
(ii)
cash
flow
projections,
and
(iii)
holdings
of
cash
and
cash
equivalents
and
borrowing
arrangements
and
other
funding
sources.
Certain
factors
are
considered
under
both
normal
and
reasonably
foreseeable
stressed
conditions.
Each
Fund
portfolio
investment
is
classified
into
one
of
four
liquidity
categories
(including
“highly
liquid
investments”
and
“illiquid
investments,”
discussed
below).
The
classification
is
based
on
a
determination
of
how
long
it
is
reasonably
expected
to
take
to
convert
the
investment
into
cash,
or
sell
or
dispose
of
the
investment,
in
current
market
conditions
without
significantly
changing
the
market
value
of
the
investment.
Liquidity
classification
determinations
take
into
account
various
market,
trading,
and
investment-
specific
considerations,
as
well
as
market
depth,
and
utilize
third-party
vendor
data.
Any
Fund
that
does
not
primarily
hold
highly
liquid
investments
must,
among
other
things,
determine
a
minimum
percentage
of
Fund
net
assets
that
must
be
invested
in
highly
liquid
investments
(a
“Highly
Liquid
Investment
Minimum”).
During
the
Review
Period,
each
Fund
primarily
held
highly
liquid
investments
and
therefore
was
exempt
from
the
requirement
to
adopt
a
Highly
Liquid
Investment
Minimum
and
to
comply
with
the
related
requirements
under
the
Liquidity
Rule.
The
Liquidity
Rule
also
limits
the
Funds’
investments
in
illiquid
investments.
Specifically,
the
Liquidity
Rule
prohibits
acquisition
of
illiquid
investments
if
doing
so
would
result
in
the
Fund
holding
more
than
15%
of
its
net
assets
in
illiquid
investments
and
requires
certain
reporting
anytime
a
Fund’s
holdings
of
illiquid
investments
exceed
15%
of
net
assets.
During
the
Review
Period,
no
Fund
exceeded
the
15%
limit
on
illiquid
investments.
Additional
Information
About
Index
Providers
(Unaudited)
219
Russell
Indexes
Source:
London
Stock
Exchange
Group
plc
and
its
group
undertakings
(collectively,
the
“LSE
Group”).
©
LSE
Group
2024.
FTSE
Russell
is
a
trading
name
of
certain
of
the
LSE
Group
companies.
“FTSE®,”
“Russell®”
and
“FTSE
Russell®”
are
trademarks
of
the
relevant
LSE
Group
companies
and
are
used
by
any
other
LSE
Group
company
under
license.
All
rights
in
the
FTSE
Russell
indexes
or
data
vest
in
the
relevant
LSE
Group
company
which
owns
the
index
or
the
data.
Neither
LSE
Group
nor
its
licensors
accept
any
liability
for
any
errors
or
omissions
in
the
indexes
or
data
and
no
party
may
rely
on
any
indexes
or
data
contained
in
this
communication.
No
further
distribution
of
data
from
the
LSE
Group
is
permitted
without
the
relevant
LSE
Group
company’s
express
written
consent.
The
LSE
Group
does
not
promote,
sponsor
or
endorse
the
content
of
this
communication.
Standard
&
Poor's
Index
The
S&P
500®
Index
is
a
product
 of
S&P
Dow
Jones
Indices
LLC,
a
division
of
S&P
Global,
or
its
affiliates
(“SPDJI”),
and has
been
licensed
for
use
by
the
S&P
500
Index
Fund.
Standard
&
Poor’s®
and
S&P®
are
registered
trademarks
of
Standard
&
Poor’s
Financial
Services
LLC,
a
division
of
S&P
Global
(“S&P”);
Dow
Jones®
is
a
registered
trademark
of
Dow
Jones
Trademark
Holdings
LLC
(“Dow
Jones”).
It
is
not
possible
to
invest
directly
in
an
index.
The
fund
is not
sponsored,
endorsed,
sold
or
promoted
by
SPDJI,
Dow
Jones,
S&P,
any
of
their
respective
affiliates
(collectively,
“S&P
Dow
Jones
Indices”).
S&P
Dow
Jones
Indices
does
not
make
any
representation
or
warranty,
express
or
implied,
to
the
owners
of
the fund
or
any
member
of
the
public
regarding
the
advisability
of
investing
in
securities
generally
or
in
the fund
particularly
or
the
ability
of
the
S&P
500
Index to
track
general
market
performance.
Past
performance
of
an
index
is
not
an
indication
or
guarantee
of
future
results.
S&P
Dow
Jones
Indices’
only
relationship
to
the
fund
with
respect
to
the
S&P
500
Index is
the
licensing
of
the Index
and
certain
trademarks,
service
marks
and/or
trade
names
of
S&P
Dow
Jones
Indices
and/or
its
licensors.
The S&P
500
Index
is
determined,
composed
and
calculated
by
S&P
Dow
Jones
Indices
without
regard
to
the
fund.
S&P
Dow
Jones
Indices
has
no
obligation
to
take
the
needs
of
the fund
or
the
owners
of
the fund
into
consideration
in
determining,
composing
or
calculating
the
S&P
500
Index.
S&P
Dow
Jones
Indices
is
not
responsible
for
and
has
not
participated
in
the
determination
of
the
prices,
and
amount
of
the fund
or
the
timing
of
the
issuance
or
sale
of
fund
shares
or
in
the
determination
or
calculation
of
the
equation
by
which fund
shares
are
to
be
converted
into
cash,
surrendered
or
redeemed,
as
the
case
may
be.
S&P
Dow
Jones
Indices
has
no
obligation
or
liability
in
connection
with
the
administration,
marketing
or
trading
of
the
fund.
There
is
no
assurance
that
investment
products
based
on
the
S&P 500
Index
will
accurately
track
index
performance
or
provide
positive
investment
returns.
S&P
Dow
Jones
Indices
LLC
is
not
an
investment
or
tax
advisor.
A
tax
advisor
should
be
consulted
to
evaluate
the
impact
of
any
tax-exempt
securities
on
portfolios
and
the
tax
consequences
of
making
any
particular
investment
decision.
Inclusion
of
a
security
within
an
index
is
not
a
recommendation
by
S&P
Dow
Jones
Indices
to
buy,
sell,
or
hold
such
security,
nor
is
it
considered
to
be
investment
advice.
S&P
DOW
JONES
INDICES
DOES
NOT
GUARANTEE
THE
ADEQUACY,
ACCURACY,
TIMELINESS
AND/OR
THE
COMPLETENESS
OF
THE
S&P 500
INDEX
OR
ANY
DATA
RELATED
THERETO
OR
ANY
COMMUNICATION,
INCLUDING
BUT
NOT
LIMITED
TO,
ORAL
OR
WRITTEN
COMMUNICATION
(INCLUDING
ELECTRONIC
COMMUNICATIONS)
WITH
RESPECT
THERETO.
S&P
DOW
JONES
INDICES
SHALL
NOT
BE
SUBJECT
TO
ANY
DAMAGES
OR
LIABILITY
FOR
ANY
ERRORS,
OMISSIONS,
OR
DELAYS
THEREIN.
S&P
DOW
JONES
INDICES
MAKES
NO
EXPRESS
OR
IMPLIED
WARRANTIES,
AND
EXPRESSLY
DISCLAIMS
ALL
WARRANTIES,
OF
MERCHANTABILITY
OR
FITNESS
FOR
A
PARTICULAR
PURPOSE
OR
USE
OR
AS
TO
RESULTS
TO
BE
OBTAINED
BY
THE
FUND,
OWNERS
OF
THE
FUND,
OR
ANY
OTHER
PERSON
OR
ENTITY
FROM
THE
USE
OF
THE
S&P
500
INDEX
OR
WITH
RESPECT
TO
ANY
DATA
RELATED
THERETO.
WITHOUT
LIMITING
ANY
OF
THE
FOREGOING,
IN
NO
EVENT
WHATSOEVER
SHALL
S&P
DOW
JONES
INDICES
BE
LIABLE
FOR
ANY
INDIRECT,
SPECIAL,
INCIDENTAL,
PUNITIVE,
OR
CONSEQUENTIAL
DAMAGES
INCLUDING
BUT
NOT
LIMITED
TO,
LOSS
OF
PROFITS,
TRADING
LOSSES,
LOST
TIME
OR
GOODWILL,
EVEN
IF
THEY
HAVE
BEEN
ADVISED
OF
THE
POSSIBILITY
OF
SUCH
DAMAGES,
WHETHER
IN
CONTRACT,
TORT,
STRICT
LIABILITY,
OR
OTHERWISE.
THERE
ARE
NO
THIRD
PARTY
BENEFICIARIES
OF
ANY
AGREEMENTS
OR
ARRANGEMENTS
BETWEEN
S&P
DOW
JONES
INDICES
AND
THE
FUND,
OTHER
THAN
THE
LICENSORS
OF
S&P
DOW
JONES
INDICES.
MSCI
Indexes
Source:
MSCI.
The
MSCI
information
may
only
be
used
for
your
internal
use,
may
not
be
reproduced
or
redisseminated
in
any
form
and
may
not
be
used
as
a
basis
for
or
a
component
of
any
financial
instruments
or
products
or
indices.
None
of
the
MSCI
information
is
intended
to
constitute
investment
advice
or
a
recommendation
to
make
(or
refrain
from
making)
any
kind
of
investment
decision
and
may
not
be
relied
on
as
such.
Historical
data
and
analysis
should
not
be
taken
as
an
indication
or
guarantee
of
any
future
performance
analysis,
forecast
or
prediction.
The
MSCI
information
is
provided
on
an
“as
is”
basis
and
the
user
of
this
information
assumes
the
entire
risk
of
any
use
made
of
this
information.
MSCI,
each
of
its
affiliates
and
each
other
person
involved
in
or
related
to
compiling,
computing
or
creating
any
MSCI
information
(collectively,
the
“MSCI
Parties”)
expressly
disclaims
all
warranties
(including,
without
limitation,
any
warranties
of
originality,
accuracy,
completeness,
timeliness,
non-infringement,
merchantability
and
fitness
for
a
particular
purpose)
with
respect
to
this
information.
Without
limiting
any
of
the
foregoing,
in
no
event
shall
any
MSCI
Party
have
any
liability
for
any
direct,
indirect,
special,
incidental,
punitive,
consequential
(including,
without
limitation,
lost
profits)
or
any
other
damages.
(www.msci.com)
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A12455
(6/24)


Fixed-Income
Funds
Nuveen
International
Semi-Annual
Report
Mutual
Funds
April
30,
2024
This
semi-annual
report
contains
the
Funds'
unaudited financial
statements.
Effective
May
1,
2024
and
May
6,
2024,
the
names
of
the
Funds
and
the
names
of
certain
share
classes,
respectively,
changed,
and
all
references
to
the
former
names
in
this
report
have
changed.
Refer
to
Important
Notices
in
this
report
for
more
information.
Fund
Name
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
6.1
Nuveen
Emerging
Markets
Debt
Fund
TEDLX
TEDHX
TEDPX
TEDNX
TEDTX
TEDVX
Nuveen
International
Bond
Fund
TIBEX
TIBNX
TIBLX
TIBWX
TIBVX
TIBUX
Table
of
Contents
Important
Notices
3
About
the
Funds’
Benchmarks
5
Fund
Performance
6
Expense
Examples
10
Portfolios
of
Investments
12
Statement
of
Assets
and
Liabilities
40
Statement
of
Operations
42
Statement
of
Changes
in
Net
Assets
43
Financial
Highlights
44
Notes
to
Financial
Statements
48
Shareholder
Meeting
Report
59
Additional
Fund
Information
60
Liquidity
Risk
Management
Program
61
Approval
of
Investment
Management
Agreement
62
Important
Notices
3
Portfolio
Manager
Commentaries
in
Semi-annual
Shareholder
Reports 
The
Funds
include
portfolio
manager
commentary
in
their
annual
shareholder
reports.
For
the
Funds’
most
recent
annual
portfolio
manager
discussion,
please
refer
to
the
Portfolio
Managers’
Comments
section
of
each
Fund’s
October
31,
2023
annual
shareholder
report.
For
current
information
on
your
Fund’s
investment
objectives,
portfolio
management
team
and
average
annual
total
returns
please
refer
to
the
Fund’s
website
at
www.nuveen.com.
For
changes
that
occurred
to
your
Fund
both
during
and
subsequent
to
this
reporting
period,
please
refer
to
the
Notes
to
Financial
Statements
section
of
this
report.
For
average
annual
total
returns
as
of
the
end
of
this
reporting
period,
please
refer
to
the
Fund
Performance
section
within
this
report.
Securities
and
Exchange
Commission
(the
“SEC”)
Adopts
Amendments
for
Tailored
Shareholder
Reports
On
October
26,
2022,
the
SEC
adopted
rule
and
form
amendments
(the
“Amendments”)
that
require
mutual
funds
and
exchange-
traded
funds
registered
on
Form
N-1A
to
provide
shareholders
with
streamlined
annual
and
semi-annual
shareholder
reports
(“Tailored
Shareholder
Reports”). The
Amendments
require
funds
to
prepare
a
separate
Tailored
Shareholder
Report
for
each
share
class
of
each
series
of
a
fund.
As
a
result,
shareholders
will
receive
a
report
that
covers
only
the
class
of
a
multi-class
fund
in
which
the
shareholder
invests.
Tailored
Shareholder
Reports
are
meant
to
be
three
to
four
pages
in
length
and
will
highlight
key
information
such
as
a
fund’s
expenses,
performance
and
portfolio
holdings.
Other,
more
detailed
information
that
currently
appears
in
fund
shareholder
reports
will
be
made
available
online,
filed
with
the
SEC,
and
delivered
to
investors
free
of
charge
in
paper
or
electronically
upon
request.
The
first
Tailored
Shareholder
Reports
to
be
prepared
for
these
Funds
will
be
for
the
reporting
period
ended
October
31,
2024.
Fund
Name
and
Share
Class
Name
Changes
In
January
2024,
the
Funds’
Board
of
Trustees
approved
the
following
changes
for
the
Funds.
Refer
to
the
Funds’
supplemented
prospectus
dated
May
6,
2024
for
further
information.
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
changed
as
follows:
There
were
no
changes
to
the
investment
objectives,
principal
investment
strategies,
principal
investment
risks
or
portfolio
management
of
the
Funds
in connection
with
these
name
changes.
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
Sales
Charge:
Effective
May
6,
2024,
a
sales
charge
is
imposed
on
purchases
of
Class
A
shares
(formerly
Retail
Class
shares)
of
the
Funds
of
less
than
certain
amounts,
as
set
forth
in
the
Funds’
prospectus.
Therefore,
effective
as
of
May
6,
2024,
Class
A
shares
are
available
for
purchase
at
the
offering
price,
which
will
be
the
net
asset
value
(“NAV”)
per
share
plus
an
up-front
sales
charge.
Shareholders
with
an
account
held
directly
with
a
Fund
that
held
Class
A
shares
of
the
Funds
prior
to
May
6,
2024
will
not
be
subject
to
the
sales
charge
on
any
future
purchases
or
redemptions
of
Class
A
shares
of
that
Fund
or
any
other
fund
that
is
a
series
of
the
TIAA-CREF
Funds
or
is
a
Nuveen
Fund
in
their
account.
Such
shareholders
will
be
able
to
purchase
Class
A
shares
at
NAV.
New
Name
Former
Name
Nuveen
Emerging
Markets
Debt
Fund
TIAA-CREF
Emerging
Markets
Debt
Fund
Nuveen
International
Bond
Fund
TIAA-CREF
International
Bond
Fund
New
Name
Former
Name
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
Important
Notices
(continued)
4
Management
Fees
Effective
May
1,
2024,
the
management
fee
schedule
for
each
Fund
consists
of
two
components:
a
Fund-level
fee,
based
only
on
the
amount
of
assets
within
a
Fund,
and
a
complex-level
fee,
based
on
the
aggregate
amount
of
all
eligible
assets
managed
by
Teachers
Advisors,
LLC
and
Nuveen
Fund
Advisors,
LLC.
As
of
May
1,
2024,
each
Fund’s
overall
complex-level
fee
begins
at
a
maximum
rate
of
0.1600%
of
each
Fund’s
average
daily
net
assets,
with
breakpoints
for
eligible
complex-level
assets
above
$124.3
billion.
Therefore,
the
maximum
management
fee
rate
for
each
Fund
is
the
fund-level
fee,
effective
as
of
May
1,
2024,
listed
within
this
report
plus
0.1600%.
Refer
to
the
Notes
to
Financial
Statements
within
this
report
for
further
details
on
the
Funds’
management
fees.
5
About
the
Funds’
Benchmarks
Emerging
Markets
Debt
Fund
J.P.
Morgan
Emerging
Markets
Bond
Index
Global
Diversified:
A
unique,
market-capitalization-weighted,
total-
return
index
tracking
the
traded
market
for
U.S.-dollar-denominated
debt
instruments
issued
by
sovereign
and
quasi-
sovereign
emerging
market
entities.
Country
weights
are
limited
to
10%
of
the
index
by
only
including
a
specified
portion
of
the
countries'
eligible
current
face
amounts
of
debt
outstanding.
Any
excess
weight
above
that
limit
is
redistributed
to
small
countries
to
limit
concentration
risk.
International
Bond
Fund
Bloomberg
Global
Aggregate
Ex-USD
Index
(Hedged):
An
index
designed
to
measure
the
performance
of
the
global,
investment-grade
bond
market,
including
treasury,
government-related,
corporate
and
securitized
fixed-
rate
bonds
from
both
developed-
and
emerging-market
issuers,
in
24
local
currencies.
Securities
are
SEC
registered,
taxable,
non-dollar
denominated
and
must
have
a
minimum
maturity
of
one
year.
Securities
must
be
rated
investment
grade
using
the
middle
rating
of
Moody’s,
S&P
and
Fitch
after
dropping
the
highest
and
lowest
available
ratings.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses.
For
additional
details
about
the
benchmark
indexes,
please
read
the
funds’
latest
prospectus.
Information
has
been
obtained
from
sources
believed
to
be
reliable
but
J.P.
Morgan
does
not
guarantee
its
completeness
or
accuracy.
The
J.P.
Morgan
Emerging
Markets
Bond
Index
(EMBI)
Global
Diversified
(EMBI-GD
Index)
is
used
with
permission.
The
EMBI-GD
Index
may
not
be
copied,
used,
or
distributed
without
J.P.
Morgan’s
prior
written
approval.
Copyright
2024,
J.P.
Morgan
Chase
&
Co.
All
rights
reserved.
Source:
Bloomberg
Index
Services
Limited.
BLOOMBERG®
is
a
trademark
and
service
mark
of
Bloomberg
Finance
L.P.
and
its
affiliates
(collectively,
“Bloomberg”).
Bloomberg
or
Bloomberg’s
licensors
own
all
proprietary
rights
in
the
Bloomberg
Indices.
Bloomberg
neither
approves
nor
endorses
this
material,
nor
guarantees
the
accuracy
or
completeness
of
any
information
herein,
nor
makes
any
warranty,
express
or
implied,
as
to
the
results
to
be
obtained
therefrom
and,
to
the
maximum
extent
allowed
by
law,
neither
shall
have
any
liability
or
responsibility
for
injury
or
damages
arising
in
connection
therewith.
Emerging
Markets
Debt
Fund
6
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
and
30-day
SEC
yield
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
Emerging
Markets
Debt
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
9/26/14
10.99%
10.49%
1.83%
3.13%
0.92%
0.92%
Class
I
12/4/15
11.06
10.83
2.07
3.43
0.69
0.69
Premier
Class
9/26/14
11.05
10.62
1.99
3.29
0.79
0.79
Class
R6
9/26/14
11.00
10.81
2.13
3.46
0.62
0.62
Retirement
Class
9/26/14
11.01
10.67
1.93
3.23
0.87
0.87
Class
W
9/28/18
11.33
11.50
2.77
3.84
0.62
0.00
J.P.
Morgan
Emerging
Markets
Bond
Index
Global
Diversified
10.57
8.39
0.24
2.45
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
I
and
Class
W
that
is
prior
to
their
respective
inception
dates
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
I
and
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
these
two
classes
shown
for
these
periods
would
have
been
different
because
Class
I
and
Class
W
have
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
524.21
million
Portfolio
turnover
rate
*
12%
Number
of
issues
366
Option-adjusted
duration
5.87
years
Average
maturity
§
10.86
years
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Option-adjusted
duration
estimates
how
much
the
value
of
a
bond
portfolio
would
be
affected
by
a
change
in
prevailing
interest
rates,
taking
into
account
the
options
embedded
in
the
individual
securities.
The
longer
a
portfolio’s
duration,
the
more
sensitive
it
is
to
changes
in
interest
rates.
§
Average
maturity
is
a
simple
average
of
the
maturities
of
all
the
bonds
in
a
fund's
portfolio.
The
maturity
of
a
bond
is
the
amount
of
time
until
the
bond’s
principal
becomes
due
or
payable.
%
of
net
assets
as
of
4/30/2024
Government
bonds
51.6
Corporate
bonds
42.7
Common
stocks
2.5
Structured
assets
0.5
Bank
loan
obligations
0.4
Short-term
investments
1.8
Investments
purchased
with
collateral
from
securities
lending
1.6
Other
assets
&
liabilities,
net
-1.1
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
Mexico
8.8
Brazil
5.2
South
Africa
5.1
Chile
4.5
Colombia
4.4
Turkey
4.4
Indonesia
3.9
Dominican
Republic
2.9
India
2.8
Israel
2.8
61
other
nations
51.8
Short-term
investments
1.8
Investments
purchased
with
collateral
from
securities
lending
1.6
Total
100.0
7
Emerging
Markets
Debt
Fund
Holdings
by
maturity
Holdings
by
credit
quality
Credit
quality
ratings
are
based
on
the
J.P
Morgan methodology,
which
uses
the
middle
rating
of
the
S&P, Moody's and Fitch
ratings
to
determine
an
instrument's
rating
category.
When
a
rating
from
only
two
agencies
is
available,
the
lower
is
used;
when
only
one
agency
rates
a
bond,
that
rating
is
used.
%
of
fixed-income
investments
(excluding
short-term
investments)
as
of
4/30/2024
Less
than
1
year
5.2
1-3
years
7.2
3-5
years
17.6
5-10
years
40.1
Over
10
years
29.9
Total
100.0
%
of
fixed-income
investments
(excluding
short-term
investments)
as
of
4/30/2024
Aaa/AAA
0.4
A/A
8.6
Baa/BBB
32.0
Ba/BB
31.1
B/B
16.5
Below
B/B
5.3
Non-rated
6.1
Total
100.0
International
Bond
Fund
8
Performance
as
of
April
30,
2024
The
returns
in
this
report
show
past
performance,
which
is
no
guarantee
of
future
results.
The
returns
do
not
reflect
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
sale
of
fund
shares.
Returns
and
the
principal
value
of
your
investment
will
fluctuate.
Current
performance
may
be
higher
or
lower
than
that
shown,
and
you
may
have
a
gain
or
a
loss
when
you
redeem
your
shares.
For
current
performance
and
30-day
SEC
yield
information, including
performance
to
the
most
recent
month-end,
please
visit
TIAA.org
or
nuveen.com.
Performance
may
reflect
waivers
or
reimbursements
of
certain
expenses.
Absent
these
waivers
or
reimbursement
arrangements,
performance
would
be
lower.
You
cannot
invest
directly
in
any
index.
Index
returns
do
not
include
a
deduction
for
fees
or
expenses. 
Fund
profile
Portfolio
composition
Holdings
by
country
Total
return
Average
annual
total
return
Annual
operating
expenses
*
International
Bond
Fund
Inception
date
6
months
1
year
5
years
since
inception
gross
net
Class
A
8/5/16
5
.82
%
5
.03
%
0
.45
%
1
.09
%
0
.97
%
0
.94
%
Class
I
8/5/16
6
.00
5
.34
0
.78
1
.39
0
.73
0
.70
Premier
Class
8/5/16
6
.00
5
.21
0
.64
1
.28
0
.80
0
.75
Class
R6
8/5/16
5
.94
5
.41
0
.81
1
.43
0
.63
0
.60
Retirement
Class
8/5/16
5
.83
5
.17
0
.56
1
.18
0
.87
0
.84
Class
W
9/28/18
6
.27
6
.00
1
.41
1
.86
0
.62
0
.00
Bloomberg
Global
Aggregate
ex-
USD
Index
(Hedged)
5
.03
4
.50
0
.84
1
.43
§
*
The
gross
and
net
annual
operating
expenses
are
taken
from
the
Fund's
prospectus.
The
net
annual
operating
expenses
may
at
times
reflect
a
contractual
reimbursement
of
various
expenses.
The
expense
reimbursement
will
continue
through
at
least
February
28,
2025,
unless
changed
with
the
approval
of
the
Board
of
Trustees.
Without
these
reimbursements,
expenses
would
be
higher
and
returns
lower.
Refer
to
the
Financial
highlights
later
in
this
report
for
the
Fund's
expense
ratios
as
of
the
end
of
the
reporting
period.
The
performance
shown
for
Class
W
that
is
prior
to
its
inception
date
is
based
on
the
performance
of
Class
R6.
The
performance
for
these
periods
has
not
been
restated
to
reflect
the
actual
expenses
of
Class
W.
If
these
actual
expenses
had
been
reflected,
the
performance
of
Class
W
shown
for
these
periods
would
have
been
different
because
Class
W
has
different
expenses
than
Class
R6.
§
Performance
is
calculated
from
the
inception
date
of
Class
R6.
as
of
4/30/2024
Net
assets
$
418.30
million
Portfolio
turnover
rate
*
20%
Number
of
issues
431
Option-adjusted
duration
6.22
years
Average
maturity
§
7.69
years
*
The
portfolio
turnover
rate
covers
the
six-month
period
from
November
1,
2023–April
30,
2024,
and
is
not
annualized.
Option-adjusted
duration
estimates
how
much
the
value
of
a
bond
portfolio
would
be
affected
by
a
change
in
prevailing
interest
rates,
taking
into
account
the
options
embedded
in
the
individual
securities.
The
longer
a
portfolio’s
duration,
the
more
sensitive
it
is
to
changes
in
interest
rates.
§
Average
maturity
is
a
simple
average
of
the
maturities
of
all
the
bonds
in
a
fund's
portfolio.
The
maturity
of
a
bond
is
the
amount
of
time
until
the
bond’s
principal
becomes
due
or
payable.
%
of
net
assets
as
of
4/30/2024
Government
bonds
67.2
Corporate
bonds
20.8
Structured
assets
4.6
Bank
loan
obligations
0.3
Short-term
investments
5.1
Investments
purchased
with
collateral
from
securities
lending
0.1
Other
assets
&
liabilities,
net
1.9
Total
100.0
%
of
portfolio
investments
as
of
4/30/2024
United
States
11.0
Japan
9.4
China
8.4
Germany
6.8
United
Kingdom
5.9
France
4.7
Canada
3.7
Ireland
3.1
Italy
3.0
Korea,
Republic
of
2.9
59
other
nations
35.8
Short-term
investments
5.2
Investments
purchased
with
collateral
from
securities
lending
0.1
Total
100.0
9
International
Bond
Fund
Holdings
by
maturity
Holdings
by
credit
quality
Credit
quality
ratings
are
based
on
the
Bloomberg
Barclays
methodology,
which
uses
the
median
rating
of
those
compiled
by
the
Moody's,
Standard
&
Poor's
and Fitch
ratings
agencies.
If
ratings
are
available
from
only
two
of
these
agencies,
the
lower
rating
is
used.
When
only
one
rating
is
available,
that
one
is
used.
These
ratings
are
subject
to
change
without
notice.
%
of
fixed-income
investments
(excluding
short-term
investments)
as
of
4/30/2024
Less
than
1
year
6.1
1-3
years
21.3
3-5
years
17.7
5-10
years
30.2
Over
10
years
24.7
Total
100.0
%
of
fixed-income
investments
(excluding
short-term
investments)
as
of
4/30/2024
Aaa/AAA
14.2
Aa/AA
16.9
A/A
29.5
Baa/BBB
23.0
Ba/BB
7.7
B/B
3.6
Below
B/B
0.9
Non-rated
4.2
Total
100.0
Expense
Examples
10
All
shareholders
of
the
TIAA-CREF
Funds
incur
ongoing
costs,
including
management
fees
and
other
fund
expenses.
They
may
also
incur
transactional
costs
for
redemptions
or
account
maintenance
fees.
The
expense
examples
that
appear
in
this
report
are
intended
to
help
you
understand
your
ongoing
costs
only
(in
U.S.
dollars)
and
do
not
reflect
transactional
costs.
The
examples
are
designed
to
help
you
compare
these
ongoing
costs
with
the
ongoing
costs
of
investing
in
other
mutual
funds.
The
expenses
shown
do
not
include
account
maintenance
fees,
which
may
or
may
not
be
applicable,
as
described
in
the
prospectus.
If
such
fees
were
included,
your
total
costs
for
investing
in
the
funds
would
be
higher.
Note
also
that
shareholders
of
the
TIAA-CREF
Funds
do
not
incur
a
sales
charge
for
purchases,
reinvested
dividends
or
other
distributions.
The
examples
are
based
on
an
investment
of
$1,000
invested
at
the
beginning
of
the
six-month
period
and
held
for
the
entire
period
(
November
1,
2023
April
30,
2024
).
Actual
expenses
The
first
section
in
each
table
uses
the
Fund’s
actual
expenses
and
its
actual
rate
of
return.
You
may
use
the
information
in
this
section,
together
with
the
amount
you
invested,
to
estimate
the
expenses
that
you
paid
over
the
six-month
period.
Simply
divide
your
account
value
by
$1,000
(for
example,
an
$8,600
account
value
divided
by
$1,000
=
8.6),
then
multiply
the
result
by
the
number
in
the
first
line
under
the
heading
“Expenses
incurred
during
the
period”
to
estimate
the
expenses
you
paid
during
the
six-month
period.
Some
funds
have
a
contractual
fee
reimbursement.
Had
these
not
been
in
effect,
fund
expenses
would
have
been
higher.
Hypothetical
example
for
comparison
purposes
The
second
section
in
each
table
shows
hypothetical
account
values
and
expenses
based
on
the
Fund’s
actual
expense
ratio
for
each
share
class
for
the
six-month
period
and
an
assumed
5%-per-year
rate
of
return
before
expenses.
This
was
not
the
share
class’
actual
return.
This
hypothetical
example
cannot
be
used
to
estimate
the
actual
expenses
you
paid
for
the
period,
but
rather
allows
you
to
compare
the
ongoing
costs
of
investing
in
the
Fund
with
the
costs
of
other
funds.
To
do
so,
compare
this
5%
hypothetical
example
with
the
5%
hypothetical
examples
that
appear
in
the
shareholder
reports
of
other
mutual
funds.
6.1
Emerging
Markets
Debt
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,109.90
$1,110.60
$1,110.50
$1,110.00
$1,110.10
$1,113.30
Expenses
incurred
during
the
period*
$4.93
$3.83
$4.30
$3.41
$4.72
$0.16
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.19
$1,021.23
$1,020.79
$1,021.63
$1,020.39
$1,024.71
Expenses
incurred
during
the
period*
$4.72
$3.67
$4.12
$3.27
$4.52
$0.15
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.94%
for
Class
A,
0.73%
for
Class
I,
0.82%
for
Premier
Class,
0.65%
for
Class
R6,
0.90%
for
Retirement
Class
and
0.03%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
11
International
Bond
Fund
Share
Class
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
Actual
performance
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,058.20
$1,060.00
$1,060.00
$1,059.40
$1,058.30
$1,062.70
Expenses
incurred
during
the
period*
$4.86
$3.59
$3.89
$3.12
$4.40
$0.05
Hypothetical
performance
(5%
annualized
return
before
expenses)
Beginning
account
value
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
$1,000.00
Ending
account
value
$1,020.14
$1,021.38
$1,021.08
$1,021.83
$1,020.59
$1,024.81
Expenses
incurred
during
the
period*
$4.77
$3.52
$3.82
$3.07
$4.32
$0.05
*
"Expenses
incurred
during
the
period”
is
based
on
the
Fund's
actual
expense
ratio
for
the
most
recent
fiscal
half-year,
multiplied
by
the
average
account
value
over
the
six-month
period,
multiplied
by
182/366.
There
were
182
days
in
the
six
months
ended
April
30,
2024.
The
Fund's
annualized
six-month
expense
ratios
for
that
period
were
0.95%
for
Class
A,
0.70%
for
Class
I,
0.76%
for
Premier
Class,
0.61%
for
Class
R6,
0.86%
for
Retirement
Class
and
0.01%
for
Class
W.
The
expense
charges
of
one
or
more
of
the
Fund's
share
classes
may
reflect
a
waiver
and/or
reimbursement.
Please
see
the
prospectus
for
an
explanation,
including
the
date
on
which
this
reimbursement
is
scheduled
to
end.
Without
such
waiver
and/or
reimbursement,
the
expenses
of
the
affected
share
classes
would
be
higher
and
their
performance
lower.
Emerging
Markets
Debt
Fund
April
30,
2024
Portfolio
of
Investments
12
See
Notes
to
Financial
Statements
(Unaudited)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
LONG-TERM
INVESTMENTS
-
97.7%
BANK
LOAN
OBLIGATIONS
-
0.4%
PUERTO
RICO
-
0.4%
$
1,840,000
(a)
Coral-US
Co-Borrower
LLC
CME
Term
SOFR
12
+
3.000%
8.435
%
10/15/29
$
1,835,179‌
TOTAL
PUERTO
RICO
1,835,179‌
TOTAL
BANK
LOAN
OBLIGATIONS
1,835,179‌
(Cost
$1,828,856)
CONVERTIBLE
BONDS
-
0.0%
CHILE
-
0.0%
367,935
(b),(c)
ILAP
Holdings
Ltd
5.000
06/15/33
36,794‌
TOTAL
CHILE
36,794‌
TOTAL
CONVERTIBLE
BONDS
36,794‌
(Cost
$56,378)
CORPORATE
BONDS
-
42.7%
ARGENTINA
-
0.3%
1,500,000
(c)
YPF
S.A.
6.950
07/21/27
1,360,025‌
TOTAL
ARGENTINA
1,360,025‌
AUSTRALIA
-
0.5%
1,725,000
AngloGold
Ashanti
Holdings
plc
3.375
11/01/28
1,538,861‌
1,500,000
AngloGold
Ashanti
Holdings
plc
3.750
10/01/30
1,288,037‌
TOTAL
AUSTRALIA
2,826,898‌
BRAZIL
-
2.7%
1,225,000
(c)
Ambipar
Lux
Sarl
9.875
02/06/31
1,212,678‌
1,000,000
(c)
Banco
do
Brasil
S.A.
6.000
03/18/31
968,900‌
2,200,000
(c)
Embraer
Netherlands
Finance
BV
7.000
07/28/30
2,251,757‌
2,750,000
(c)
Itau
Unibanco
Holding
S.A.
4.625
N/A(d)
2,584,850‌
4,000,000
(c)
JSM
Global
Sarl
4.750
10/20/30
640,000‌
1,600,000
(c),(e)
Minerva
Luxembourg
S.A.
8.875
09/13/33
1,641,139‌
525,000
(c)
Nexa
Resources
S.A.
6.750
04/09/34
526,811‌
38,084
(c),(f)
Oi
S.A.
8.000
12/15/24
37,323‌
714,000
(f),(g)
Oi
S.A.
10.000
07/27/25
8,925‌
1,500,000
Petrobras
Global
Finance
BV
6.900
03/19/49
1,391,020‌
1,387,200
(c)
Rio
Oil
Finance
Trust
8.200
04/06/28
1,402,793‌
2,000,000
(c)
Rumo
Luxembourg
Sarl
4.200
01/18/32
1,656,982‌
TOTAL
BRAZIL
14,323,178‌
CHILE
-
4.5%
2,000,000
(c)
AES
Andes
S.A.
6.300
03/15/29
1,970,891‌
2,383,058
(c)
Alfa
Desarrollo
S.p.A
4.550
09/27/51
1,737,261‌
850,000
(c)
Antofagasta
plc
6.250
05/02/34
846,600‌
550,000
(c)
Banco
de
Credito
e
Inversiones
S.A.
8.750
N/A(d)
563,695‌
1,000,000
(c)
Banco
del
Estado
de
Chile
2.704
01/09/25
973,215‌
1,600,000
(c)
Banco
del
Estado
de
Chile
7.950
N/A(d)
1,612,000‌
2,325,000
(c)
Celulosa
Arauco
y
Constitucion
S.A.
5.150
01/29/50
1,830,144‌
2,250,000
(c)
Cia
Cervecerias
Unidas
S.A.
3.350
01/19/32
1,893,661‌
1,175,000
(c)
Corp
Nacional
del
Cobre
de
Chile
5.950
01/08/34
1,139,086‌
850,000
(c)
Corp
Nacional
del
Cobre
de
Chile
6.440
01/26/36
849,661‌
2,150,000
(c)
Corp
Nacional
del
Cobre
de
Chile
4.375
02/05/49
1,588,716‌
1,500,000
(c)
Embotelladora
Andina
S.A.
3.950
01/21/50
1,080,181‌
2,000,000
(c)
Empresa
de
los
Ferrocarriles
del
Estado
3.068
08/18/50
1,162,311‌
2,200,000
(c)
Empresa
Nacional
de
Telecomunicaciones
S.A.
3.050
09/14/32
1,699,308‌
1,775,000
(c)
Empresa
Nacional
del
Petroleo
3.450
09/16/31
1,488,284‌
350,000
(c)
Empresa
Nacional
del
Petroleo
6.150
05/10/33
347,584‌
13
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
CHILE—continued
$
1,525,000
(c)
Engie
Energia
Chile
S.A.
6.375
%
04/17/34
$
1,507,615‌
6,068
(g)
Inversiones
Latin
America
Power
Ltd
5.125
06/15/33
3,221‌
48,161
Inversiones
Latin
America
Power
Ltd
12.000
06/15/33
47,800‌
551,862
(c)
Inversiones
Latin
America
Power
S.p.A
11.000
06/15/33
473,222‌
775,000
(c)
Sociedad
Quimica
y
Minera
de
Chile
S.A.
6.500
11/07/33
777,041‌
TOTAL
CHILE
23,591,497‌
CHINA
-
0.8%
2,500,000
(c)
ENN
Clean
Energy
International
Investment
Ltd
3.375
05/12/26
2,358,357‌
2,050,000
(c)
Lenovo
Group
Ltd
3.421
11/02/30
1,768,471‌
TOTAL
CHINA
4,126,828‌
COLOMBIA
-
2.5%
1,675,000
Bancolombia
S.A.
4.625
12/18/29
1,616,561‌
1,375,000
Ecopetrol
S.A.
4.625
11/02/31
1,110,306‌
1,500,000
Ecopetrol
S.A.
8.875
01/13/33
1,535,251‌
2,000,000
Ecopetrol
S.A.
5.875
11/02/51
1,354,811‌
2,000,000
(c)
Empresas
Publicas
de
Medellin
ESP
4.250
07/18/29
1,699,949‌
1,000,000
(c)
Empresas
Publicas
de
Medellin
ESP
4.375
02/15/31
810,655‌
1,500,000
(c)
EnfraGen
Energia
Sur
S.A.
5.375
12/30/30
1,227,144‌
2,075,000
(c)
Grupo
Aval
Ltd
4.375
02/04/30
1,725,614‌
2,200,000
(c)
SierraCol
Energy
Andina
LLC
6.000
06/15/28
1,904,272‌
TOTAL
COLOMBIA
12,984,563‌
COSTA
RICA
-
0.8%
1,832,532
(c)
Autopistas
del
Sol
S.A.
7.375
12/30/30
1,764,179‌
2,300,000
(c)
Liberty
Costa
Rica
Senior
Secured
Finance
10.875
01/15/31
2,388,550‌
TOTAL
COSTA
RICA
4,152,729‌
DOMINICAN
REPUBLIC
-
0.8%
2,000,000
(c)
Aeropuertos
Dominicanos
Siglo
XXI
S.A.
6.750
03/30/29
2,006,000‌
2,500,000
(c)
AES
Andres
BV
5.700
05/04/28
2,346,250‌
TOTAL
DOMINICAN
REPUBLIC
4,352,250‌
GHANA
-
0.5%
800,000
(c),(e)
Kosmos
Energy
Ltd
7.500
03/01/28
764,152‌
1,774,000
(c)
Tullow
Oil
plc
10.250
05/15/26
1,728,275‌
TOTAL
GHANA
2,492,427‌
GUATEMALA
-
0.9%
1,225,000
(c)
CT
Trust
5.125
02/03/32
1,064,365‌
1,650,000
(c)
Investment
Energy
Resources
Ltd
6.250
04/26/29
1,579,875‌
725,000
(c)
Millicom
International
Cellular
S.A.
4.500
04/27/31
605,015‌
1,550,000
(c)
Millicom
International
Cellular
S.A.
7.375
04/02/32
1,520,375‌
TOTAL
GUATEMALA
4,769,630‌
INDIA
-
2.3%
2,100,000
(c)
Adani
Ports
&
Special
Economic
Zone
Ltd
4.375
07/03/29
1,813,431‌
1,800,000
(c)
Adani
Ports
&
Special
Economic
Zone
Ltd
3.100
02/02/31
1,374,296‌
1,225,000
(c),(e)
Indian
Railway
Finance
Corp
Ltd
3.570
01/21/32
1,052,581‌
2,050,000
(c)
IRB
Infrastructure
Developers
Ltd
7.110
03/11/32
2,022,325‌
1,500,000
(c)
JSW
Steel
Ltd
5.050
04/05/32
1,282,993‌
2,500,000
(c)
Network
i2i
Ltd
3.975
N/A(d)
2,355,974‌
2,700,000
(c)
ReNew
Wind
Energy
AP2
4
.500
07/14/28
2,407,277‌
TOTAL
INDIA
12,308,877‌
INDONESIA
-
3.1%
1,860,000
(c)
Freeport
Indonesia
PT
5.315
04/14/32
1,760,679‌
1,500,000
(c),(h)
Indika
Energy
Tbk
PT
8.750
05/07/29
1,481,040‌
3,500,000
(c)
Indonesia
Asahan
Aluminium
PT
5.450
05/15/30
3,388,941‌
2,000,000
(c)
Medco
Laurel
Tree
Pte
Ltd
6.950
11/12/28
1,911,569‌
2,000,000
(c)
Medco
Maple
Tree
Pte
Ltd
8.960
04/27/29
2,043,734‌
1,500,000
(c)
Pertamina
Persero
PT
3.100
08/27/30
1,291,162‌
1,250,000
(c),(e)
Pertamina
Persero
PT
4.700
07/30/49
999,271‌
1,000,000
(c)
Perusahaan
Listrik
Negara
PT
5.250
10/24/42
868,421‌
Emerging
Markets
Debt
Fund
April
30,
2024
14
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
INDONESIA—continued
$
2,000,000
(c)
Perusahaan
Listrik
Negara
PT
6.150
%
05/21/48
$
1,911,952‌
664,000
(c)
Saka
Energi
Indonesia
PT
4.450
05/05/24
662,801‌
TOTAL
INDONESIA
16,319,570‌
ISRAEL
-
2.5%
3,000,000
(c)
Bank
Hapoalim
BM
3.255
01/21/32
2,669,460‌
3,141,000
(c)
Energean
Israel
Finance
Ltd
5
.375
03/30/28
2,784,811‌
485,000
(c)
Energean
Israel
Finance
Ltd
8.500
09/30/33
465,697‌
2,000,000
(c)
Israel
Chemicals
Ltd
6.375
05/31/38
1,800,904‌
2,000,000
(c)
Israel
Electric
Corp
Ltd
3.750
02/22/32
1,617,700‌
1,800,000
(c)
Leviathan
Bond
Ltd
6.750
06/30/30
1,604,250‌
EUR
2,000,000
Teva
Pharmaceutical
Finance
Netherlands
II
BV
4.375
05/09/30
2,037,607‌
TOTAL
ISRAEL
12,980,429‌
KAZAKHSTAN
-
1.4%
1,800,000
(c)
Development
Bank
of
Kazakhstan
JSC
5.500
04/15/27
1,782,000‌
1,550,000
(c)
KazMunayGas
National
Co
JSC
6.375
10/24/48
1,376,905‌
2,475,000
(c)
QazaqGaz
NC
JSC
4.375
09/26/27
2,305,710‌
1,000,000
(c)
Tengizchevroil
Finance
Co
International
Ltd
4.000
08/15/26
941,086‌
1,000,000
(c)
Tengizchevroil
Finance
Co
International
Ltd
3.250
08/15/30
796,300‌
TOTAL
KAZAKHSTAN
7,202,001‌
KOREA,
REPUBLIC
OF
-
0.3%
1,300,000
(c)
SK
Hynix,
Inc
6.500
01/17/33
1,338,080‌
TOTAL
KOREA,
REPUBLIC
OF
1,338,080‌
MACAU
-
0.3%
2,000,000
Sands
China
Ltd
3.250
08/08/31
1,633,567‌
TOTAL
MACAU
1,633,567‌
MALAYSIA
-
1.0%
2,000,000
(c)
Genm
Capital
Labuan
Ltd
3.882
04/19/31
1,695,325‌
2,000,000
(c)
Misc
Capital
Two
Labuan
Ltd
3.750
04/06/27
1,895,124‌
2,000,000
(c)
Petronas
Capital
Ltd
3.500
04/21/30
1,792,739‌
TOTAL
MALAYSIA
5,383,188‌
MAURITIUS
-
0.2%
1,000,000
(c)
WLB
Asset
VI
Pte
Ltd
7.250
12/21/27
968,410‌
TOTAL
MAURITIUS
968,410‌
MEXICO
-
6.1%
3,000,000
(c)
Banco
Nacional
de
Comercio
Exterior
SNC
2.720
08/11/31
2,647,439‌
800,000
(c)
BBVA
Bancomer
S.A.
5.350
11/12/29
793,678‌
2,000,000
(c)
BBVA
Bancomer
S.A.
5.125
01/18/33
1,825,787‌
1,300,000
(c)
Cemex
SAB
de
C.V.
9.125
N/A(d)
1,395,078‌
2,025,000
(c)
Cemex
SAB
de
C.V.
5.125
N/A(d)
1,947,402‌
360,000
(c)
Comision
Federal
de
Electricidad
6.125
06/16/45
322,851‌
1,640,000
(c)
Comision
Federal
de
Electricidad
6.264
02/15/52
1,376,473‌
1,300,000
(c)
Electricidad
Firme
de
Mexico
Holdings
S.A.
de
C.V.
4.900
11/20/26
1,235,029‌
2,013,000
(c)
Grupo
Aeromexico
SAB
de
C.V.
8.500
03/17/27
1,973,724‌
2,722,500
(c)
Mexico
Remittances
Funding
Fiduciary
Estate
Management
Sarl
4.875
01/15/28
2,455,944‌
3,800,000
(c)
Nemak
SAB
de
C.V.
3.625
06/28/31
2,972,942‌
EUR
1,700,000
Petroleos
Mexicanos
3.625
11/24/25
1,733,042‌
4,647,000
Petroleos
Mexicanos
6.840
01/23/30
4,027,597‌
4,219,000
Petroleos
Mexicanos
6.700
02/16/32
3,449,919‌
2,000,000
Petroleos
Mexicanos
5.625
01/23/46
1,156,979‌
2,075,000
Petroleos
Mexicanos
6.350
02/12/48
1,281,818‌
1,600,000
(c)
Trust
Fibra
Uno
7.375
02/13/34
1,565,021‌
TOTAL
MEXICO
32,160,723‌
MOROCCO
-
0.6%
650,000
(c)
OCP
S.A.
3.750
06/23/31
539,500‌
350,000
(c),(h)
OCP
S.A.
6.750
05/01/34
344,428‌
15
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MOROCCO—continued
$
3,000,000
(c)
OCP
S.A.
5.125
%
06/23/51
$
2,160,660‌
TOTAL
MOROCCO
3,044,588‌
NETHERLANDS
-
0.2%
RUB
158,400,000
(c)
VEON
Holdings
BV
8.125
09/16/26
932,263‌
TOTAL
NETHERLANDS
932,263‌
NIGERIA
-
0.3%
1,775,000
(c)
Access
Bank
plc
6.125
09/21/26
1,641,875‌
TOTAL
NIGERIA
1,641,875‌
PANAMA
-
1.0%
2,000,000
(c)
Aeropuerto
Internacional
de
Tocumen
S.A.
5.125
08/11/61
1,394,766‌
2,000,000
(c)
Banco
Nacional
de
Panama
2.500
08/11/30
1,508,506‌
1,175,000
(c)
Telecomunicaciones
Digitales
S.A.
4.500
01/30/30
1,033,095‌
1,465,009
(c)
UEP
Penonome
II
S.A.
6.500
10/01/38
1,210,056‌
TOTAL
PANAMA
5,146,423‌
PERU
-
1.0%
1,050,000
(c)
Banco
BBVA
Peru
S.A.
6.200
06/07/34
1,038,870‌
1,225,000
(c)
Cia
de
Minas
Buenaventura
SAA
5.500
07/23/26
1,174,659‌
825,000
(c)
Hunt
Oil
Co
of
Peru
LLC
Sucursal
Del
Peru
8.550
09/18/33
877,368‌
827,087
(c)
Lima
Metro
Line
2
Finance
Ltd
4.350
04/05/36
737,485‌
2,750,000
(c)
Petroleos
del
Peru
S.A.
5.625
06/19/47
1,687,491‌
TOTAL
PERU
5,515,873‌
QATAR
-
0.3%
2,000,000
(c)
Qatar
Petroleum
3.300
07/12/51
1,329,092‌
TOTAL
QATAR
1,329,092‌
SAUDI
ARABIA
-
1.0%
2,500,000
(c)
EIG
Pearl
Holdings
Sarl
4.387
11/30/46
1,874,045‌
2,500,000
(c)
Saudi
Arabian
Oil
Co
4.375
04/16/49
1,975,715‌
2,000,000
(c)
Saudi
Arabian
Oil
Co
3.250
11/24/50
1,281,200‌
TOTAL
SAUDI
ARABIA
5,130,960‌
SOUTH
AFRICA
-
3.0%
2,000,000
(c)
Eskom
Holdings
SOC
Ltd
7.125
02/11/25
1,986,800‌
2,875,000
(c)
Eskom
Holdings
SOC
Ltd
6.350
08/10/28
2,713,396‌
4,600,000
(c)
Eskom
Holdings
SOC
Ltd
8.450
08/10/28
4,521,340‌
2,000,000
(c)
MTN
Mauritius
Investment
Ltd
6.500
10/13/26
1,990,860‌
2,800,000
(c)
Sasol
Financing
USA
LLC
8.750
05/03/29
2,815,638‌
2,000,000
(c)
Transnet
SOC
Ltd
8.250
02/06/28
1,965,000‌
TOTAL
SOUTH
AFRICA
15,993,034‌
THAILAND
-
0.4%
2,600,000
(c)
Bangkok
Bank
PCL
3.466
09/23/36
2,120,980‌
TOTAL
THAILAND
2,120,980‌
TRINIDAD
AND
TOBAGO
-
0.1%
850,000
(c)
National
Gas
Company
of
Trinidad
and
Tobago
Limited
6.050
01/15/36
766,700‌
TOTAL
TRINIDAD
AND
TOBAGO
766,700‌
TURKEY
-
1.5%
1,500,000
(c)
Anadolu
Efes
Biracilik
Ve
Malt
Sanayii
AS.
3.375
06/29/28
1,294,762‌
2,100,000
(c)
Ford
Otomotiv
Sanayi
AS.
0.000
04/25/29
2,098,950‌
1,400,000
(c),(h)
Sisecam
UK
plc
8.625
05/02/32
1,418,480‌
885,000
(c)
Turkiye
Garanti
Bankasi
AS.
8.375
02/28/34
878,125‌
2,000,000
(c)
Yapi
ve
Kredi
Bankasi
AS.
9.250
01/17/34
2,044,640‌
TOTAL
TURKEY
7,734,957‌
UKRAINE
-
0.3%
2,000,000
(c)
NAK
Naftogaz
Ukraine
via
Kondor
Finance
plc
7
.625
11/08/28
1,297,120‌
43,750
Ukreximbank
Via
Biz
Finance
plc
9.750
01/22/25
40,944‌
300,000
(c)
Ukreximbank
Via
Biz
Finance
plc
9.750
01/22/25
280,758‌
TOTAL
UKRAINE
1,618,822‌
Emerging
Markets
Debt
Fund
April
30,
2024
16
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
UNITED
ARAB
EMIRATES
-
1.5%
$
1,500,000
(c)
Abu
Dhabi
Crude
Oil
Pipeline
LLC
4.600
%
11/02/47
$
1,290,750‌
1,325,000
(c)
DAE
Funding
LLC
3.375
03/20/28
1,203,948‌
1,683,600
(c)
Galaxy
Pipeline
Assets
Bidco
Ltd
1.750
09/30/27
1,560,020‌
1,620,800
(c)
Galaxy
Pipeline
Assets
Bidco
Ltd
2.160
03/31/34
1,352,095‌
561,000
(c)
Shelf
Drilling
Holdings
Ltd
9.625
04/15/29
530,918‌
2,372,925
(c)
Sweihan
PV
Power
Co
PJSC
3.625
01/31/49
1,867,962‌
TOTAL
UNITED
ARAB
EMIRATES
7,805,693‌
TOTAL
CORPORATE
BONDS
224,056,130‌
(Cost
$251,025,982)
GOVERNMENT
BONDS
-
51.6%
ANGOLA
-
1.4%
2,250,000
(c)
Angolan
Government
International
Bond
8.250
05/09/28
2,118,780‌
1,250,000
(c)
Angolan
Government
International
Bond
8.000
11/26/29
1,135,937‌
2,850,000
(c)
Angolan
Government
International
Bond
8.750
04/14/32
2,574,120‌
1,950,000
(c)
Angolan
Government
International
Bond
9.375
05/08/48
1,654,829‌
TOTAL
ANGOLA
7,483,666‌
ARGENTINA
-
0.8%
1,300,000
Argentine
Republic
Government
International
Bond
4.250
01/09/38
662,447‌
5,134,989
Argentine
Republic
Government
International
Bond
(Step
Bond)
3.625
07/09/35
2,355,830‌
2,895,996
(c)
Provincia
de
Buenos
Aires
(Step
Bond)
6.375
09/01/37
1,274,239‌
TOTAL
ARGENTINA
4,292,516‌
BAHRAIN
-
0.3%
1,500,000
(c)
Bahrain
Government
International
Bond
7.500
09/20/47
1,383,750‌
TOTAL
BAHRAIN
1,383,750‌
BARBADOS
-
0.4%
2,039,800
(c)
Barbados
Government
International
Bond
6.500
10/01/29
1,921,492‌
TOTAL
BARBADOS
1,921,492‌
BENIN
-
0.4%
1,025,000
(c),(
i
)
Benin
Government
International
Bond
7
.960
02/13/38
967,108‌
EUR
1,125,000
(c)
Benin
Government
International
Bond
6.875
01/19/52
972,679‌
TOTAL
BENIN
1,939,787‌
BERMUDA
-
0.2%
1,125,000
(c)
Bermuda
Government
International
Bond
2.375
08/20/30
924,187‌
TOTAL
BERMUDA
924,187‌
BRAZIL
-
2.5%
BRL
5,982,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
10.000
01/01/27
1,128,719‌
BRL
8,800,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
10.000
01/01/29
1,614,175‌
BRL
12,475,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
10.000
01/01/31
2,227,059‌
2,000,000
Brazilian
Government
International
Bond
3.875
06/12/30
1,756,186‌
3,410,000
Brazilian
Government
International
Bond
6.000
10/20/33
3,257,122‌
1,100,000
Brazilian
Government
International
Bond
5.000
01/27/45
827,514‌
1,400,000
Brazilian
Government
International
Bond
4.750
01/14/50
985,304‌
1,475,000
Brazilian
Government
International
Bond
7.125
05/13/54
1,408,914‌
TOTAL
BRAZIL
13,204,993‌
CAMEROON
-
0.2%
EUR
1,000,000
(c)
Republic
of
Cameroon
International
Bond
5.950
07/07/32
833,185‌
TOTAL
CAMEROON
833,185‌
CHILE
-
0.1%
535,000
Chile
Government
International
Bond
2.750
01/31/27
495,534‌
TOTAL
CHILE
495,534‌
COLOMBIA
-
2.0%
2,000,000
Colombia
Government
International
Bond
3.000
01/30/30
1,604,203‌
2,925,000
Colombia
Government
International
Bond
3.250
04/22/32
2,197,404‌
500,000
Colombia
Government
International
Bond
7.500
02/02/34
491,498‌
17
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
COLOMBIA—continued
$
1,525,000
Colombia
Government
International
Bond
8.000
%
11/14/35
$
1,537,121‌
1,300,000
Colombia
Government
International
Bond
5.625
02/26/44
974,984‌
950,000
Colombia
Government
International
Bond
5.200
05/15/49
653,584‌
COP
10,700,000,000
Colombian
TES
6.000
04/28/28
2,376,505‌
COP
2,180,000,000
Colombian
TES
7.000
06/30/32
451,888‌
TOTAL
COLOMBIA
10,287,187‌
COSTA
RICA
-
0.7%
1,050,000
(c)
Costa
Rica
Government
International
Bond
6.550
04/03/34
1,062,703‌
2,500,000
(c)
Costa
Rica
Government
International
Bond
5.625
04/30/43
2,200,004‌
575,000
(c)
Costa
Rica
Government
International
Bond
7.000
04/04/44
583,176‌
TOTAL
COSTA
RICA
3,845,883‌
COTE
D'IVOIRE
-
0.7%
1,050,000
(c)
Ivory
Coast
Government
International
Bond
8.250
01/30/37
1,003,170‌
2,631,030
(c)
Ivory
Coast
Government
International
Bond
(Step
Bond)
5.750
12/31/32
2,439,097‌
TOTAL
COTE
D'IVOIRE
3,442,267‌
CZECH
REPUBLIC
-
0.1%
CZK
13,500,000
Czech
Republic
Government
Bond
1.750
06/23/32
473,175‌
TOTAL
CZECH
REPUBLIC
473,175‌
DOMINICAN
REPUBLIC
-
2.1%
1,575,000
(c)
Dominican
Republic
Government
International
Bond
6.875
01/29/26
1,578,322‌
DOP
27,000,000
(c)
Dominican
Republic
Government
International
Bond
11.250
02/05/27
476,154‌
1,195,000
(c)
Dominican
Republic
Government
International
Bond
5.500
02/22/29
1,135,440‌
DOP
74,000,000
(c)
Dominican
Republic
Government
International
Bond
10
.375
01/11/30
1,294,646‌
4,000,000
(c)
Dominican
Republic
Government
International
Bond
4.875
09/23/32
3,499,998‌
2,535,000
(c)
Dominican
Republic
Government
International
Bond
7.450
04/30/44
2,578,869‌
650,000
(c)
Dominican
Republic
Government
International
Bond
5.875
01/30/60
529,302‌
TOTAL
DOMINICAN
REPUBLIC
11,092,731‌
ECUADOR
-
0.9%
744,229
(c)
Ecuador
Government
International
Bond
0.000
07/31/30
404,554‌
2,234,600
(c)
Ecuador
Government
International
Bond
5.000
07/31/30
1,568,963‌
4,637,020
(c)
Ecuador
Government
International
Bond
1.000
07/31/35
2,539,722‌
TOTAL
ECUADOR
4,513,239‌
EGYPT
-
1.9%
850,000
(c)
Egypt
Government
International
Bond
5.800
09/30/27
754,375‌
3,275,000
(c)
Egypt
Government
International
Bond
7.600
03/01/29
2,939,312‌
3,200,000
(c)
Egypt
Government
International
Bond
7.053
01/15/32
2,592,166‌
4,075,000
(c)
Egypt
Government
International
Bond
8.500
01/31/47
3,104,091‌
1,000,000
(c)
Egypt
Government
International
Bond
8.150
11/20/59
723,840‌
TOTAL
EGYPT
10,113,784‌
EL
SALVADOR
-
0.9%
1,500,000
(c)
El
Salvador
Government
International
Bond
9.250
04/17/30
1,340,080‌
1,600,000
(c)
El
Salvador
Government
International
Bond
7.650
06/15/35
1,151,556‌
3,100,000
(c)
El
Salvador
Government
International
Bond
7.625
02/01/41
2,127,958‌
1,500,000
(c)
Republic
of
El
Salvador
0.250
04/17/30
41,561‌
TOTAL
EL
SALVADOR
4,661,155‌
GHANA
-
0.7%
3,325,000
(c)
Ghana
Government
International
Bond
0.000
04/07/25
1,338,313‌
3,325,000
(c)
Ghana
Government
International
Bond
7.750
04/07/29
1,608,469‌
2,025,000
(c)
Ghana
Government
International
Bond
8.750
03/11/61
977,062‌
TOTAL
GHANA
3,923,844‌
GUATEMALA
-
0.6%
525,000
(c)
Guatemala
Government
Bond
4
.900
06/01/30
487,725‌
2,000,000
(c)
Guatemala
Government
Bond
3.700
10/07/33
1,582,628‌
1,075,000
(c)
Guatemala
Government
Bond
6.125
06/01/50
941,596‌
TOTAL
GUATEMALA
3,011,949‌
Emerging
Markets
Debt
Fund
April
30,
2024
18
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
HONDURAS
-
0.2%
$
1,200,000
(c)
Honduras
Government
International
Bond
5.625
%
06/24/30
$
1,026,867‌
TOTAL
HONDURAS
1,026,867‌
HUNGARY
-
1.9%
HUF
190,000,000
Hungary
Government
Bond
4.750
11/24/32
438,752‌
1,900,000
(c)
Hungary
Government
International
Bond
6.125
05/22/28
1,918,696‌
HUF
700,000,000
Hungary
Government
International
Bond
2.000
05/23/29
1,497,744‌
1,850,000
(c)
Hungary
Government
International
Bond
5.250
06/16/29
1,790,578‌
2,825,000
(c)
Hungary
Government
International
Bond
2.125
09/22/31
2,171,719‌
750,000
(c)
Hungary
Government
International
Bond
3.125
09/21/51
444,225‌
1,775,000
(c)
Magyar
Export-Import
Bank
Zrt
6.125
12/04/27
1,771,258‌
TOTAL
HUNGARY
10,032,972‌
INDIA
-
0.5%
1,700,000
(c)
Export-Import
Bank
of
India
2.250
01/13/31
1,370,250‌
INR
106,400,000
India
Government
Bond
7.180
08/14/33
1,267,797‌
TOTAL
INDIA
2,638,047‌
INDONESIA
-
0.8%
IDR
21,100,000,000
Indonesia
Treasury
Bond
7.000
09/15/30
1,282,923‌
IDR
34,000,000,000
Indonesia
Treasury
Bond
7.125
06/15/38
2,069,569‌
1,075,000
(c)
Perusahaan
Penerbit
SBSN
Indonesia
III
4.700
06/06/32
1,017,151‌
TOTAL
INDONESIA
4,369,643‌
IRAQ
-
0.4%
2,037,500
(c)
Iraq
Government
International
Bond
5.800
01/15/28
1,899,826‌
TOTAL
IRAQ
1,899,826‌
ISRAEL
-
0.4%
2,000,000
Israel
Government
International
Bond
5.375
03/12/29
1,957,500‌
TOTAL
ISRAEL
1,957,500‌
JAMAICA
-
0.8%
1,650,000
Jamaica
Government
International
Bond
8.000
03/15/39
1,903,275‌
1,810,000
Jamaica
Government
International
Bond
7.875
07/28/45
2,070,181‌
TOTAL
JAMAICA
3,973,456‌
JORDAN
-
0.8%
1,000,000
(c)
Jordan
Government
International
Bond
4.950
07/07/25
958,360‌
450,000
(c)
Jordan
Government
International
Bond
7.500
01/13/29
442,552‌
1,500,000
(c)
Jordan
Government
International
Bond
5.850
07/07/30
1,345,170‌
2,000,000
(c),(e)
Jordan
Government
International
Bond
7.375
10/10/47
1,701,500‌
TOTAL
JORDAN
4,447,582‌
KAZAKHSTAN
-
0.5%
KZT
210,000,000
Kazakhstan
Government
Bond-MEUKAM
7.130
08/06/24
467,694‌
1,750,000
(c)
Kazakhstan
Government
International
Bond
6.500
07/21/45
1,913,275‌
TOTAL
KAZAKHSTAN
2,380,969‌
KENYA
-
0.7%
1,700,000
(c)
Republic
of
Kenya
Government
International
Bond
9.750
02/16/31
1,700,000‌
1,125,000
(c)
Republic
of
Kenya
Government
International
Bond
6.300
01/23/34
888,878‌
1,325,000
(c)
Republic
of
Kenya
Government
International
Bond
8.250
02/28/48
1,113,000‌
TOTAL
KENYA
3,701,878‌
KOREA,
REPUBLIC
OF
-
0.3%
2,102,000
Export-Import
Bank
of
Korea
2.500
06/29/41
1,418,841‌
TOTAL
KOREA,
REPUBLIC
OF
1,418,841‌
LEBANON
-
0.1%
3,200,000
(g)
Lebanon
Government
International
Bond
6.250
11/04/24
205,760‌
3,800,000
(g)
Lebanon
Government
International
Bond
6.850
03/23/27
242,250‌
TOTAL
LEBANON
448,010‌
MALAYSIA
-
0.5%
MYR
5,600,000
Malaysia
Government
Bond
3.844
04/15/33
1,158,230‌
19
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MALAYSIA—continued
MYR
6,500,000
Malaysia
Government
Bond
4.762
%
04/07/37
$
1,454,519‌
TOTAL
MALAYSIA
2,612,749‌
MEXICO
-
1.9%
MXN
37,050,000
Mexican
Bonos
7.500
06/03/27
2,001,369‌
MXN
26,700,000
Mexican
Bonos
7.750
05/29/31
1,380,546‌
MXN
29,900,000
Mexican
Bonos
8.500
11/18/38
1,546,214‌
$
525,000
Mexico
Government
International
Bond
4.875
05/19/33
478,490‌
1,775,000
Mexico
Government
International
Bond
6.000
05/07/36
1,708,943‌
2,250,000
Mexico
Government
International
Bond
4.280
08/14/41
1,723,448‌
1,850,000
Mexico
Government
International
Bond
4.400
02/12/52
1,329,571‌
TOTAL
MEXICO
10,168,581‌
MONGOLIA
-
0.3%
1,900,000
(c)
Mongolia
Government
International
Bond
5.125
04/07/26
1,829,657‌
TOTAL
MONGOLIA
1,829,657‌
MOROCCO
-
0.7%
1,775,000
(c)
Morocco
Government
International
Bond
3.000
12/15/32
1,382,281‌
1,170,000
(c)
Morocco
Government
International
Bond
6.500
09/08/33
1,170,421‌
1,450,000
(c)
Morocco
Government
International
Bond
5.500
12/11/42
1,232,210‌
TOTAL
MOROCCO
3,784,912‌
NAMIBIA
-
0.3%
1,700,000
(c)
Namibia
Government
International
Bond
5.250
10/29/25
1,674,500‌
TOTAL
NAMIBIA
1,674,500‌
NIGERIA
-
1.6%
2,075,000
(c)
Nigeria
Government
International
Bond
8.375
03/24/29
1,961,726‌
2,850,000
(c)
Nigeria
Government
International
Bond
7.143
02/23/30
2,498,310‌
1,550,000
(c)
Nigeria
Government
International
Bond
7.875
02/16/32
1,354,818‌
950,000
(c)
Nigeria
Government
International
Bond
7.375
09/28/33
787,835‌
2,000,000
(c)
Nigeria
Government
International
Bond
7.696
02/23/38
1,572,920‌
TOTAL
NIGERIA
8,175,609‌
OMAN
-
1.5%
1,900,000
(c)
Oman
Government
International
Bond
4.750
06/15/26
1,850,904‌
800,000
(c)
Oman
Government
International
Bond
6.750
10/28/27
816,672‌
1,500,000
(c)
Oman
Government
International
Bond
6.250
01/25/31
1,512,927‌
2,700,000
(c)
Oman
Government
International
Bond
6.500
03/08/47
2,619,000‌
1,025,000
(c)
Oman
Government
International
Bond
6.750
01/17/48
1,013,171‌
TOTAL
OMAN
7,812,674‌
PAKISTAN
-
0.9%
610,000
(c)
Pakistan
Global
Sukuk
Programme
Co
Ltd
7.950
01/31/29
527,446‌
1,700,000
(c)
Pakistan
Government
International
Bond
7.375
04/08/31
1,345,482‌
1,815,000
(c),(e)
Pakistan
Government
International
Bond
8.875
04/08/51
1,384,504‌
2,000,000
Pakistan
Water
&
Power
Development
Authority
7.500
06/04/31
1,461,188‌
TOTAL
PAKISTAN
4,718,620‌
PANAMA
-
1.0%
1,500,000
Panama
Government
International
Bond
6.400
02/14/35
1,374,907‌
1,100,000
Panama
Government
International
Bond
6.700
01/26/36
1,031,199‌
1,750,000
(
i
)
Panama
Government
International
Bond
8.000
03/01/38
1,782,002‌
1,950,000
Panama
Government
International
Bond
4.500
04/01/56
1,208,415‌
TOTAL
PANAMA
5,396,523‌
PARAGUAY
-
0.6%
1,375,000
(c)
Paraguay
Government
International
Bond
2.739
01/29/33
1,079,375‌
500,000
(c)
Paraguay
Government
International
Bond
6.000
02/09/36
486,275‌
525,000
(c)
Paraguay
Government
International
Bond
6.100
08/11/44
485,100‌
1,050,000
(c)
Paraguay
Government
International
Bond
5.600
03/13/48
903,000‌
TOTAL
PARAGUAY
2,953,750‌
PERU
-
1.2%
PEN
1,850,000
(c)
Peruvian
Government
International
Bond
6.950
08/12/31
495,252‌
Emerging
Markets
Debt
Fund
April
30,
2024
20
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
PERU—continued
$
975,000
Peruvian
Government
International
Bond
1.862
%
12/01/32
$
713,212‌
2,895,000
Peruvian
Government
International
Bond
3.000
01/15/34
2,265,338‌
PEN
5,950,000
(c)
Peruvian
Government
International
Bond
5.400
08/12/34
1,364,861‌
1,800,000
Peruvian
Government
International
Bond
3.300
03/11/41
1,271,970‌
TOTAL
PERU
6,110,633‌
PHILIPPINES
-
0.5%
3,050,000
Philippine
Government
International
Bond
4.200
03/29/47
2,420,266‌
TOTAL
PHILIPPINES
2,420,266‌
POLAND
-
1.8%
2,830,000
(c)
Bank
Gospodarstwa
Krajowego
5.375
05/22/33
2,736,146‌
PLN
4,415,000
Republic
of
Poland
Government
International
Bond
0.250
10/25/26
962,562‌
PLN
1,850,000
Republic
of
Poland
Government
International
Bond
5.750
04/25/29
458,800‌
PLN
8,100,000
Republic
of
Poland
Government
International
Bond
2.750
10/25/29
1,736,995‌
600,000
Republic
of
Poland
Government
International
Bond
5.750
11/16/32
609,852‌
500,000
Republic
of
Poland
Government
International
Bond
4.875
10/04/33
476,254‌
PLN
5,500,000
Republic
of
Poland
Government
International
Bond
6.000
10/25/33
1,382,046‌
1,398,000
Republic
of
Poland
Government
International
Bond
5.500
04/04/53
1,324,605‌
TOTAL
POLAND
9,687,260‌
QATAR
-
0.2%
450,000
(c)
Qatar
Government
International
Bond
3.750
04/16/30
419,948‌
925,000
(c)
Qatar
Government
International
Bond
5.103
04/23/48
853,969‌
TOTAL
QATAR
1,273,917‌
REPUBLIC
OF
SERBIA
-
0.7%
750,000
(c)
Serbia
Government
International
Bond
6.500
09/26/33
748,125‌
750,000
(c)
Serbia
International
Bond
6.250
05/26/28
749,529‌
2,650,000
(c)
Serbia
International
Bond
2.125
12/01/30
2,062,241‌
TOTAL
REPUBLIC
OF
SERBIA
3,559,895‌
ROMANIA
-
1.7%
RON
4,325,000
Romania
Government
Bond
7.200
10/28/26
945,286‌
1,870,000
(c)
Romanian
Government
International
Bond
3.000
02/27/27
1,723,205‌
RON
7,850,000
Romanian
Government
International
Bond
4.150
01/26/28
1,559,327‌
1,860,000
(c),(
i
)
Romanian
Government
International
Bond
5.875
01/30/29
1,820,010‌
350,000
(c)
Romanian
Government
International
Bond
3.000
02/14/31
285,705‌
RON
3,600,000
Romanian
Government
International
Bond
3.650
09/24/31
631,351‌
1,160,000
(c)
Romanian
Government
International
Bond
7.125
01/17/33
1,196,911‌
1,400,000
(c)
Romanian
Government
International
Bond
4.000
02/14/51
934,374‌
TOTAL
ROMANIA
9,096,169‌
RWANDA
-
0.5%
3,075,000
(c)
Rwanda
International
Government
Bond
5.500
08/09/31
2,471,531‌
TOTAL
RWANDA
2,471,531‌
SAUDI
ARABIA
-
1.1%
750,000
(c)
Saudi
Government
International
Bond
3.250
10/26/26
714,102‌
500,000
(c)
Saudi
Government
International
Bond
4.750
01/18/28
490,565‌
760,000
(c)
Saudi
Government
International
Bond
4.750
01/16/30
732,640‌
1,250,000
(c)
Saudi
Government
International
Bond
5.000
01/16/34
1,203,125‌
1,000,000
(c)
Saudi
Government
International
Bond
3.250
11/17/51
626,400‌
2,000,000
(c)
Saudi
Government
International
Bond
3.750
01/21/55
1,350,000‌
1,500,000
(c)
Saudi
Government
International
Bond
3.450
02/02/61
925,470‌
TOTAL
SAUDI
ARABIA
6,042,302‌
SENEGAL
-
0.6%
1,000,000
(c)
Senegal
Government
International
Bond
6.250
05/23/33
842,540‌
3,300,000
(c)
Senegal
Government
International
Bond
6.750
03/13/48
2,422,200‌
TOTAL
SENEGAL
3,264,740‌
SOUTH
AFRICA
-
2.1%
1,875,000
Republic
of
South
Africa
Government
International
Bond
4.300
10/12/28
1,668,750‌
21
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SOUTH
AFRICA—continued
ZAR
54,025,000
Republic
of
South
Africa
Government
International
Bond
7.000
%
02/28/31
$
2,302,368‌
$
1,400,000
Republic
of
South
Africa
Government
International
Bond
5.875
04/20/32
1,244,250‌
ZAR
31,250,000
Republic
of
South
Africa
Government
International
Bond
8.875
02/28/35
1,334,263‌
ZAR
12,600,000
Republic
of
South
Africa
Government
International
Bond
8.750
01/31/44
472,335‌
1,250,000
Republic
of
South
Africa
Government
International
Bond
5.375
07/24/44
881,250‌
2,075,000
Republic
of
South
Africa
Government
International
Bond
5.650
09/27/47
1,466,818‌
775,000
Republic
of
South
Africa
Government
International
Bond
5.750
09/30/49
546,995‌
1,000,000
Republic
of
South
Africa
Government
International
Bond
7.300
04/20/52
843,740‌
TOTAL
SOUTH
AFRICA
10,760,769‌
SRI
LANKA
-
0.4%
800,000
(c)
Sri
Lanka
Government
International
Bond
5.750
04/18/24
452,830‌
1,400,000
(c)
Sri
Lanka
Government
International
Bond
6.750
04/18/28
791,495‌
1,650,000
(c)
Sri
Lanka
Government
International
Bond
7.550
03/28/30
922,473‌
TOTAL
SRI
LANKA
2,166,798‌
SUPRANATIONAL
-
0.5%
INR
83,000,000
Asian
Development
Bank
6.200
10/06/26
973,850‌
INR
57,100,000
Asian
Infrastructure
Investment
Bank
6.000
12/08/31
626,704‌
1,200,000
(c)
Banque
Ouest
Africaine
de
Developpement
4.700
10/22/31
1,018,584‌
INR
20,000,000
Inter-American
Development
Bank
7.350
10/06/30
240,437‌
TOTAL
SUPRANATIONAL
2,859,575‌
THAILAND
-
0.2%
THB
47,000,000
Thailand
Government
International
Bond
2.875
12/17/28
1,285,634‌
TOTAL
THAILAND
1,285,634‌
TURKEY
-
2.9%
2,325,000
Turkey
Government
International
Bond
5
.125
02/17/28
2,194,219‌
825,000
Turkey
Government
International
Bond
5.250
03/13/30
740,437‌
1,500,000
Turkey
Government
International
Bond
6.500
09/20/33
1,386,000‌
1,300,000
Turkey
Government
International
Bond
6.000
01/14/41
1,045,070‌
4,350,000
Turkey
Government
International
Bond
4.875
04/16/43
2,968,875‌
TRY
56,000,000
Turkiye
Government
Bond
12.600
10/01/25
1,230,275‌
EUR
1,750,000
Turkiye
Government
International
Bond
5.875
05/21/30
1,867,884‌
1,575,000
(e)
Turkiye
Government
International
Bond
7.625
05/15/34
1,554,919‌
500,000
(c)
Turkiye
Ihracat
Kredi
Bankasi
AS.
5.750
07/06/26
486,252‌
2,000,000
(c)
Turkiye
Ihracat
Kredi
Bankasi
AS.
7.500
02/06/28
1,992,800‌
TOTAL
TURKEY
15,466,731‌
UGANDA
-
0.2%
UGX
4,810,000,000
Republic
of
Uganda
Government
Bonds
14.250
08/23/29
1,222,573‌
TOTAL
UGANDA
1,222,573‌
UKRAINE
-
0.8%
2,225,000
(c)
NPC
Ukrenergo
6.875
11/09/28
812,125‌
UAH
37,000,000
Ukraine
Government
International
Bond
15.840
02/26/25
737,576‌
1,925,000
(c)
Ukraine
Government
International
Bond
7.750
09/01/27
542,850‌
3,000,000
(c)
Ukraine
Government
International
Bond
7.253
03/15/35
736,200‌
2,320,000
(a),(c)
Ukraine
Government
International
Bond
7.750
08/01/41
1,212,200‌
TOTAL
UKRAINE
4,040,951‌
UNITED
ARAB
EMIRATES
-
0.4%
400,000
(c)
Abu
Dhabi
Government
International
Bond
3.125
09/30/49
262,520‌
2,600,000
Emirate
of
Dubai
Government
International
Bonds
3.900
09/09/50
1,816,152‌
TOTAL
UNITED
ARAB
EMIRATES
2,078,672‌
Emerging
Markets
Debt
Fund
April
30,
2024
22
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
URUGUAY
-
0.4%
UYU
39,650,000
Uruguay
Government
International
Bond
8.250
%
05/21/31
$
981,292‌
UYU
18,940,950
Uruguay
Government
International
Bond
9.750
07/20/33
514,011‌
$
600,000
Uruguay
Government
International
Bond
5.750
10/28/34
613,850‌
TOTAL
URUGUAY
2,109,153‌
UZBEKISTAN
-
0.7%
UZS
8,808,925,000
(c)
Republic
of
Uzbekistan
International
Bond
14.000
07/19/24
686,942‌
745,000
(c)
Republic
of
Uzbekistan
International
Bond
7.850
10/12/28
762,135‌
1,700,000
(c)
Republic
of
Uzbekistan
International
Bond
5.375
02/20/29
1,555,228‌
550,000
(c)
Republic
of
Uzbekistan
International
Bond
3.700
11/25/30
444,373‌
TOTAL
UZBEKISTAN
3,448,678‌
VIETNAM
-
0.5%
2,575,000
(c)
Vietnam
Government
International
Bond
4.800
11/19/24
2,550,476‌
TOTAL
VIETNAM
2,550,476‌
ZAMBIA
-
0.6%
3,900,000
(c)
Zambia
Government
International
Bond
8.500
04/14/26
2,859,987‌
750,000
(c)
Zambia
Government
International
Bond
8.970
07/30/27
548,438‌
TOTAL
ZAMBIA
3,408,425‌
TOTAL
GOVERNMENT
BONDS
270,592,638‌
(Cost
$314,574,959)
STRUCTURED
ASSETS
-
0.5%
CAYMAN
ISLANDS
-
0.5%
3,000,000
(b),(c)
Industrial
DPR
Funding
Ltd
5.380
04/15/34
2,520,270‌
Series
-
2022
1A
(Class
1)
TOTAL
CAYMAN
ISLANDS
2,520,270‌
TOTAL
STRUCTURED
ASSETS
2,520,270‌
(Cost
$3,000,000)
SHARES
REFERENCERATE
&
SPREAD
COMMON
STOCKS
-
2.5%
MEXICO
-
0.8%
265,589
(j)
Grupo
Aeromexico
SAB
de
C.V.
4,185,983‌
TOTAL
MEXICO
4,185,983‌
SOUTH
AFRICA
-
0.1%
729,619
(j)
Petra
Diamonds
Ltd
443,996‌
TOTAL
SOUTH
AFRICA
443,996‌
UNITED
STATES
-
1.6%
95,500
(e)
iShares
JP
Morgan
USD
Emerging
Markets
Bond
ETF
8,322,825‌
TOTAL
UNITED
STATES
8,322,825‌
TOTAL
COMMON
STOCKS
12,952,804‌
(Cost
$14,188,213)
TOTAL
LONG-TERM
INVESTMENTS
511,993,815‌
(Cost
$584,674,388)
PRINCIPAL
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.8%
REPURCHASE
AGREEMENT
-
1.7%
9,075,000
(k)
Fixed
Income
Clearing
Corp
(FICC)
5.310
05/01/24
9,075,000‌
TOTAL
REPURCHASE
AGREEMENT
9,075,000‌
TREASURY
DEBT
-
0.1%
UYU
11,650,000
Uruguay
Monetary
Regulation
Bill
0.000
07/05/24
299,369‌
TOTAL
TREASURY
DEBT
299,369‌
TOTAL
SHORT-TERM
INVESTMENTS
9,374,369‌
(Cost
$9,376,874)
23
See
Notes
to
Financial
Statements
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted. 
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TREASURY
DEBT—continued
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.6%
8,557,209
(l)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5.340
%
(m)
$
8,557,209‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
8,557,209‌
(Cost
$8,557,209)
TOTAL
INVESTMENTS
-
101.1%
529,925,393‌
(Cost
$602,608,471)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.1)%
(5,713,103‌)
NET
ASSETS
-
100.0%
$
524,212,290‌
BRL
Brazilian
Real
CME
Chicago
Mercantile
Exchange
COP
Colombia
Peso
CZK
Czech
Republic
Koruna
DOP
Dominican
Republic
Peso
ETF
Exchange
Traded
Fund
EUR
Euro
HUF
Hungary
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
KZT
Kazakhstani
Tenge
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
PEN
Peruvian
Sol
PLN
Polish
Zloty
RON
Romanian
Leu
RUB
Russian
Ruble
SOFR
Secure
Overnight
Financing
Rate
THB
Thai
Baht
TRY
Turkish
Lira
UAH
Ukrainian
Hryvnia
UGX
Ugandan
Shilling
UYU
Uruguayan
Peso
UZS
Uzbekistani
Som
ZAR
South
African
Rand
(a)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
unless
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(b)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$360,490,683
or
68.0%
of
Total
Investments.
(d)
Perpetual
security
(e)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$13,517,062.
(f)
Payment
in
Kind
Bond
(g)
In
default
(h)
When-issued
or
delayed
delivery
security.
(
i
)
Principal
amount
for
interest
accrual
purposes
is
periodically
adjusted
based
on
changes
in
the
Consumer
Price
Index.
(j)
Non-income
producing
(k)
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
5.310%
dated
4/30/24
to
be
repurchased
at
$9,076,339
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.500%
and
maturity
date
7/15/26,
valued
at
$9,256,604.
(l)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(m)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Emerging
Markets
Debt
Fund
April
30,
2024
24
See
Notes
to
Financial
Statements
Portfolio
of
Investments
(continued)
Forward
Foreign
Currency
Contracts
Currency
Purchased
Receive
Currency
Sold
Deliver
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
7,662,185
EUR
7,118,373
Morgan
Stanley
07/16/24
  $
39,737‌
EUR
Euro
Consolidated
Portfolio
of
Investments
International
Bond
Fund
April
30,
2024
25
See
Notes
to
Financial
Statements
(Unaudited)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
LONG-TERM
INVESTMENTS
-
92.9%
BANK
LOAN
OBLIGATIONS
-
0.3%
IRELAND
-
0
.2
%
$
259,782
(a)
Avolon
TLB
Borrower  US
LLC
CME
Term
SOFR
12
+
2.000%
7
.315
%
06/22/28
$
260,634‌
336,000
(a)
Avolon
TLB
Borrower
US
LLC
CME
Term
SOFR
12
+
1.500%
6
.915
02/12/27
336,496‌
TOTAL
IRELAND
597,130‌
UNITED
STATES
-
0
.1
%
214,492
(a)
Jazz
Financing
Lux
Sarl
CME
Term
SOFR
12
+
3.000%
8
.430
05/05/28
216,001‌
243,158
(a)
Phoenix
Newco,
Inc
CME
Term
SOFR
12
+
3.250%
8
.680
11/15/28
244,207‌
TOTAL
UNITED
STATES
460,208‌
TOTAL
BANK
LOAN
OBLIGATIONS
1,057,338‌
(Cost
$1,056,817)
CORPORATE
BONDS
-
20
.8
%
AUSTRALIA
-
0
.2
%
250,000
AngloGold
Ashanti
Holdings
plc
3
.750
10/01/30
214,673‌
EUR
500,000
(b)
Glencore
Capital
Finance
DAC
4
.154
04/29/31
529,838‌
TOTAL
AUSTRALIA
744,511‌
AUSTRIA
-
0
.1
%
EUR
600,000
Erste
Group
Bank
AG.
4
.250
N/A(c)
568,202‌
TOTAL
AUSTRIA
568,202‌
BELGIUM
-
0
.1
%
EUR
800,000
(d)
Proximus
SADP
0
.750
11/17/36
594,094‌
TOTAL
BELGIUM
594,094‌
BRAZIL
-
0
.1
%
300,000
Suzano
Austria
GmbH
3
.125
01/15/32
241,193‌
TOTAL
BRAZIL
241,193‌
CANADA
-
0
.6
%
EUR
400,000
(a),(b)
Canadian
Imperial
Bank
of
Commerce
EURIBOR
3
M
+
0.700%
4
.564
01/29/27
429,470‌
EUR
250,000
(e)
Fairfax
Financial
Holdings
Ltd
2
.750
03/29/28
254,682‌
1,275,000
(e)
MEG
Energy
Corp
5
.875
02/01/29
1,233,558‌
500,000
(e)
Nova
Chemicals
Corp
4
.875
06/01/24
497,965‌
315,000
(e)
Parkland
Corp
4
.625
05/01/30
284,679‌
TOTAL
CANADA
2,700,354‌
CHILE
-
0
.3
%
397,176
(e)
Alfa
Desarrollo
S.p.A
4
.550
09/27/51
289,544‌
300,000
Celulosa
Arauco
y
Constitucion
S.A.
3
.875
11/02/27
278,201‌
200,000
(e)
Cia
Cervecerias
Unidas
S.A.
3
.350
01/19/32
168,325‌
200,000
(e)
Corp
Nacional
del
Cobre
de
Chile
3
.625
08/01/27
186,476‌
200,000
(e)
Corp
Nacional
del
Cobre
de
Chile
6
.440
01/26/36
199,920‌
325,000
(e)
Empresa
Nacional
de
Telecomunicaciones
S.A.
3
.050
09/14/32
251,034‌
TOTAL
CHILE
1,373,500‌
CHINA
-
0
.1
%
300,000
(e)
ENN
Clean
Energy
International
Investment
Ltd
3
.375
05/12/26
283,003‌
TOTAL
CHINA
283,003‌
COLOMBIA
-
0
.1
%
75,000
Ecopetrol
S.A.
6
.875
04/29/30
71,548‌
225,000
Ecopetrol
S.A.
4
.625
11/02/31
181,687‌
300,000
Ecopetrol
S.A.
8
.875
01/13/33
307,050‌
TOTAL
COLOMBIA
560,285‌
DENMARK
-
0
.3
%
GBP
500,000
Danske
Bank
A.S.
2
.250
01/14/28
569,687‌
International
Bond
Fund
April
30,
2024
26
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
DENMARK—continued
EUR
500,000
(d)
Sartorius
Finance
BV
4
.375
%
09/14/29
$
543,224‌
TOTAL
DENMARK
1,112,911‌
FRANCE
-
1
.8
%
EUR
500,000
AXA
S.A.
1
.375
10/07/41
436,254‌
EUR
400,000
(d)
AXA
S.A.
6
.375
N/A(c)
437,443‌
GBP
300,000
(d)
Banque
Federative
du
Credit
Mutuel
S.A.
4
.875
09/25/25
371,291‌
$
500,000
(e),(f)
BNP
Paribas
S.A.
8
.500
N/A(c)
516,933‌
EUR
800,000
BPCE
S.A.
0
.500
09/15/27
787,027‌
EUR
500,000
Credit
Agricole
Assurances
S.A.
1
.500
10/06/31
435,225‌
EUR
500,000
Danone
S.A.
3
.470
05/22/31
530,167‌
EUR
300,000
(d)
Engie
S.A.
3
.625
12/06/26
319,175‌
EUR
400,000
(d)
Engie
S.A.
4
.500
09/06/42
438,638‌
EUR
500,000
(e)
Iliad
Holding
SAS
5
.125
10/15/26
533,782‌
EUR
300,000
(d)
La
Poste
S.A.
0
.625
01/18/36
229,669‌
EUR
200,000
(d)
RTE
Reseau
de
Transport
d'Electricite
SADIR
3
.750
07/04/35
213,517‌
EUR
600,000
(d)
Societe
Generale
S.A.
4
.000
11/16/27
645,113‌
EUR
500,000
(d)
Societe
Generale
S.A.
0
.500
06/12/29
461,012‌
EUR
400,000
(d)
Societe
Generale
S.A.
4
.875
11/21/31
440,780‌
EUR
600,000
(d)
Thales
S.A.
3
.625
06/14/29
637,290‌
TOTAL
FRANCE
7,433,316‌
GERMANY
-
1
.9
%
EUR
500,000
(b)
Deutsche
Bank
AG.
1
.625
01/20/27
500,730‌
EUR
400,000
(d)
Deutsche
Boerse
AG.
3
.875
09/28/33
437,209‌
EUR
400,000
(d)
E.ON
SE
3
.375
01/15/31
420,634‌
EUR
500,000
(b)
EnBW
International
Finance
BV
4
.300
05/23/34
548,442‌
EUR
750,000
(e),(g)
IHO
Verwaltungs
GmbH
3
.750
09/15/26
785,049‌
EUR
3,050,000
(b)
Kreditanstalt
fuer
Wiederaufbau
0
.000
01/10/31
2,678,736‌
EUR
400,000
(b)
RWE
AG.
2
.750
05/24/30
403,666‌
EUR
400,000
(b)
Siemens
Financieringsmaatschappij
NV
3
.625
02/22/44
418,697‌
EUR
500,000
(d)
Volkswagen
International
Finance
NV
4
.125
11/15/25
535,005‌
GBP
500,000
Volkswagen
International
Finance
NV
3
.375
11/16/26
592,280‌
EUR
400,000
Vonovia
SE
0
.625
12/14/29
349,345‌
150,000
(e)
ZF
North
America
Capital,
Inc
6
.875
04/14/28
151,003‌
TOTAL
GERMANY
7,820,796‌
GUATEMALA
-
0
.0
%
200,000
(e)
Millicom
International
Cellular
S.A.
4
.500
04/27/31
166,901‌
TOTAL
GUATEMALA
166,901‌
INDIA
-
0
.2
%
300,000
(e)
Adani
Electricity
Mumbai
Ltd
3
.867
07/22/31
236,515‌
200,000
(e)
Bharti
Airtel
Ltd
3
.250
06/03/31
171,116‌
200,000
(e)
CA
Magnum
Holdings
5
.375
10/31/26
188,280‌
250,000
(d)
Power
Finance
Corp
Ltd
3
.350
05/16/31
211,178‌
225,000
(e)
UltraTech
Cement
Ltd
2
.800
02/16/31
184,792‌
TOTAL
INDIA
991,881‌
INDONESIA
-
0
.1
%
200,000
(e)
Pertamina
Persero
PT
3
.650
07/30/29
181,268‌
225,000
(e)
Perusahaan
Listrik
Negara
PT
4
.875
07/17/49
178,716‌
TOTAL
INDONESIA
359,984‌
IRELAND
-
0
.2
%
EUR
600,000
(d)
Bank
of
Ireland
Group
plc
0
.375
05/10/27
596,234‌
EUR
320,000
(d)
Bank
of
Ireland
Group
plc
5
.000
07/04/31
358,917‌
TOTAL
IRELAND
955,151‌
ISRAEL
-
0
.2
%
270,000
(e)
Bank
Hapoalim
BM
3
.255
01/21/32
240,251‌
300,000
(e)
Bank
Leumi
Le-Israel
BM
3
.275
01/29/31
276,375‌
400,000
(e)
Israel
Electric
Corp
Ltd
4
.250
08/14/28
361,808‌
TOTAL
ISRAEL
878,434‌
27
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ITALY
-
0
.4
%
EUR
500,000
(b)
Enel
Finance
International
NV
3
.875
%
01/23/35
$
522,500‌
EUR
500,000
(b)
Intesa
Sanpaolo
S.p.A
5
.125
08/29/31
569,865‌
$
200,000
(e)
Intesa
Sanpaolo
S.p.A
4
.198
06/01/32
163,929‌
500,000
UniCredit
SpA
8
.000
N/A(c)
500,200‌
TOTAL
ITALY
1,756,494‌
JAPAN
-
0
.3
%
EUR
550,000
(d)
Mitsubishi
UFJ
Financial
Group,
Inc
2
.264
06/14/25
585,554‌
EUR
500,000
(d)
ORIX
Corp
1
.919
04/20/26
512,248‌
TOTAL
JAPAN
1,097,802‌
KAZAKHSTAN
-
0
.1
%
200,000
(e)
QazaqGaz
NC
JSC
4
.375
09/26/27
186,320‌
200,000
(e)
Tengizchevroil
Finance
Co
International
Ltd
2
.625
08/15/25
189,622‌
TOTAL
KAZAKHSTAN
375,942‌
KOREA,
REPUBLIC
OF
-
0
.1
%
250,000
(e)
Kia
Corp
2
.750
02/14/27
231,340‌
TOTAL
KOREA,
REPUBLIC
OF
231,340‌
KUWAIT
-
0
.1
%
375,000
(e)
NBK
SPC
Ltd
1
.625
09/15/27
339,836‌
TOTAL
KUWAIT
339,836‌
LUXEMBOURG
-
0
.5
%
EUR
1,000,000
(e)
Albion
Financing
1
SARL
5
.250
10/15/26
1,065,075‌
EUR
250,000
(d)
Czech
Gas
Networks
Investments
Sarl
0
.450
09/08/29
221,477‌
EUR
400,000
(d)
ProLogis
International
Funding
II
S.A.
3
.625
03/07/30
417,087‌
EUR
500,000
(d)
ProLogis
International
Funding
II
S.A.
2
.375
11/14/30
479,578‌
TOTAL
LUXEMBOURG
2,183,217‌
MEXICO
-
0
.3
%
200,000
(e)
Bimbo
Bakeries
USA,
Inc
6
.050
01/15/29
202,997‌
200,000
(e)
Nemak
SAB
de
C.V.
3
.625
06/28/31
156,471‌
375,000
(e)
Orbia
Advance
Corp
SAB
de
C.V.
1
.875
05/11/26
345,160‌
500,000
Petroleos
Mexicanos
6
.840
01/23/30
433,354‌
200,000
(e)
Sigma
Alimentos
S.A.
de
C.V.
4
.125
05/02/26
193,782‌
TOTAL
MEXICO
1,331,764‌
NETHERLANDS
-
0
.8
%
EUR
700,000
(b)
Cooperatieve
Rabobank
UA
4
.233
04/25/29
757,769‌
EUR
400,000
(b)
Heineken
NV
3
.625
11/15/26
426,260‌
EUR
500,000
ING
Groep
NV
1
.250
02/16/27
509,079‌
EUR
600,000
(b)
Koninklijke
KPN
NV
3
.875
02/16/36
627,420‌
EUR
1,300,000
(e)
VZ
Secured
Financing
BV
3
.500
01/15/32
1,207,004‌
TOTAL
NETHERLANDS
3,527,532‌
NIGERIA
-
0
.2
%
EUR
1,000,000
(e)
BOI
Finance
BV
7
.500
02/16/27
1,009,038‌
TOTAL
NIGERIA
1,009,038‌
NORWAY
-
0
.2
%
EUR
500,000
(b)
Statkraft
AS.
3
.125
12/13/26
528,204‌
EUR
100,000
(b)
Statnett
SF
3
.500
06/08/33
106,148‌
TOTAL
NORWAY
634,352‌
POLAND
-
0
.2
%
EUR
150,000
(d)
GTC
Aurora
Luxembourg
S.A.
2
.250
06/23/26
137,308‌
EUR
300,000
(d)
mBank
S.A.
0
.966
09/21/27
287,629‌
EUR
250,000
(d)
ORLEN
S.A.
1
.125
05/27/28
238,786‌
TOTAL
POLAND
663,723‌
PORTUGAL
-
0
.1
%
EUR
500,000
(d)
EDP
Servicios
Financieros
Espana
SAU
4
.125
04/04/29
540,542‌
TOTAL
PORTUGAL
540,542‌
International
Bond
Fund
April
30,
2024
28
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
QATAR
-
0
.6
%
$
300,000
(d)
CBQ
Finance
Ltd
5
.375
%
03/28/29
$
295,344‌
CNY
16,000,000
QNB
Finance
Ltd
3
.150
02/04/26
2,181,868‌
TOTAL
QATAR
2,477,212‌
ROMANIA
-
0
.1
%
EUR
250,000
(d)
NE
Property
BV
2
.000
01/20/30
226,353‌
TOTAL
ROMANIA
226,353‌
SINGAPORE
-
0
.2
%
EUR
200,000
(d)
Temasek
Financial
I
Ltd
0
.500
11/20/31
170,999‌
500,000
(e)
United
Overseas
Bank
Ltd
2
.000
10/14/31
456,613‌
TOTAL
SINGAPORE
627,612‌
SOUTH
AFRICA
-
0
.3
%
1,250,000
(d)
Eskom
Holdings
SOC
Ltd
4
.314
07/23/27
1,132,687‌
300,000
Sasol
Financing
USA
LLC
5
.500
03/18/31
249,341‌
TOTAL
SOUTH
AFRICA
1,382,028‌
SPAIN
-
0
.2
%
EUR
500,000
(b)
Cepsa
Finance
S.A.
4
.125
04/11/31
521,997‌
EUR
400,000
(b)
Telefonica
Emisiones
S.A.
4
.183
11/21/33
432,334‌
TOTAL
SPAIN
954,331‌
SWITZERLAND
-
0
.3
%
EUR
750,000
(d)
Cloverie
plc
for
Zurich
Insurance
Co
Ltd
1
.500
12/15/28
732,721‌
EUR
600,000
(d)
UBS
Group
AG
0
.250
11/05/28
563,785‌
TOTAL
SWITZERLAND
1,296,506‌
THAILAND
-
0
.1
%
430,000
(e)
Bangkok
Bank
PCL
3
.466
09/23/36
350,777‌
300,000
(e)
Thaioil
Treasury
Center
Co
Ltd
2
.500
06/18/30
248,080‌
TOTAL
THAILAND
598,857‌
UNITED
ARAB
EMIRATES
-
0
.1
%
284,751
(e)
Sweihan
PV
Power
Co
PJSC
3
.625
01/31/49
224,155‌
TOTAL
UNITED
ARAB
EMIRATES
224,155‌
UNITED
KINGDOM
-
1
.3
%
EUR
400,000
(d)
Barclays
plc
0
.877
01/28/28
392,452‌
GBP
200,000
(d)
Barclays
plc
8
.407
11/14/32
262,083‌
EUR
500,000
(b)
Cadent
Finance
plc
3
.750
04/16/33
520,540‌
UGX
3,000,000,000
(e),(h)
ICBC
Standard
Bank
plc
14
.250
06/26/34
688,920‌
EUR
400,000
National
Grid
Electricity
Distribution
East
Midlands
plc
3
.530
09/20/28
422,698‌
EUR
750,000
Natwest
Group
plc
1
.750
03/02/26
785,753‌
GBP
300,000
(b)
NatWest
Markets
plc
6
.625
06/22/26
382,971‌
EUR
700,000
(d)
Standard
Chartered
plc
1
.200
09/23/31
681,875‌
GBP
600,000
(e)
Vmed
O2
UK
Financing
I
plc
4
.500
07/15/31
619,838‌
EUR
700,000
(d)
WPP
Finance
2013
3
.625
09/12/29
733,198‌
TOTAL
UNITED
KINGDOM
5,490,328‌
UNITED
STATES
-
8
.0
%
EUR
1,200,000
AbbVie,
Inc
1
.250
06/01/24
1,277,524‌
EUR
450,000
AbbVie,
Inc
2
.125
06/01/29
451,103‌
JPY
100,000,000
Aflac,
Inc
0
.550
03/12/30
602,349‌
EUR
575,000
American
Honda
Finance
Corp
1
.950
10/18/24
607,725‌
EUR
500,000
American
Medical
Systems
Europe
BV
1
.625
03/08/31
468,370‌
EUR
450,000
American
Tower
Corp
0
.450
01/15/27
437,872‌
EUR
300,000
Aptiv
plc
1
.500
03/10/25
313,181‌
GBP
500,000
AT&T,
Inc
2
.900
12/04/26
587,920‌
EUR
500,000
AT&T,
Inc
2
.350
09/05/29
500,005‌
EUR
500,000
(e)
Avantor
Funding,
Inc
3
.875
07/15/28
517,292‌
EUR
500,000
(d)
Bank
of
America
Corp
1
.662
04/25/28
502,363‌
EUR
500,000
(d)
Bank
of
America
Corp
2
.824
04/27/33
493,971‌
EUR
600,000
Becton
Dickinson
&
Co
3
.519
02/08/31
630,350‌
EUR
600,000
(d)
Blackstone
Private
Credit
Fund
1
.750
11/30/26
586,429‌
EUR
1,050,000
BP
Capital
Markets
plc
1
.231
05/08/31
947,650‌
29
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
UNITED
STATES—continued
EUR
700,000
Capital
One
Financial
Corp
0
.800
%
06/12/24
$
743,986‌
EUR
400,000
(d)
Carrier
Global
Corp
4
.500
11/29/32
440,617‌
EUR
750,000
Chubb
INA
Holdings,
Inc
1
.550
03/15/28
739,640‌
EUR
500,000
Citigroup,
Inc
1
.250
07/06/26
517,124‌
EUR
700,000
Comcast
Corp
0
.250
05/20/27
676,526‌
EUR
750,000
(e)
Coty,
Inc
3
.875
04/15/26
793,218‌
EUR
500,000
(e)
Dana
Financing
Luxembourg
Sarl
3
.000
07/15/29
477,572‌
GBP
200,000
Discovery
Communications
LLC
2
.500
09/20/24
246,949‌
EUR
800,000
Dow
Chemical
Co
0
.500
03/15/27
778,641‌
EUR
400,000
Duke
Energy
Corp
3
.750
04/01/31
418,305‌
EUR
500,000
(e)
Emerald
Debt
Merger
Sub
LLC
6
.375
12/15/30
557,582‌
EUR
500,000
FedEx
Corp
1
.625
01/11/27
504,695‌
EUR
375,000
Fidelity
National
Information
Services,
Inc
1
.100
07/15/24
397,835‌
EUR
400,000
Ford
Motor
Credit
Co
LLC
5
.125
02/20/29
442,700‌
EUR
750,000
(d)
General
Motors
Financial
Co,
Inc
0
.600
05/20/27
727,111‌
$
500,000
(e)
GFL
Environmental,
Inc
4
.250
06/01/25
492,743‌
EUR
500,000
(d)
Goldman
Sachs
Group,
Inc
0
.250
01/26/28
470,953‌
EUR
295,000
(e)
Goodyear
Europe
BV
2
.750
08/15/28
281,793‌
EUR
500,000
Highland
Holdings
Sarl
0
.318
12/15/26
488,114‌
EUR
500,000
Honeywell
International,
Inc
3
.750
03/01/36
522,772‌
EUR
600,000
International
Business
Machines
Corp
0
.650
02/11/32
513,106‌
EUR
250,000
(e)
IQVIA,
Inc
1
.750
03/15/26
255,483‌
EUR
800,000
(d)
Liberty
Mutual
Group,
Inc
4
.625
12/02/30
873,919‌
GBP
600,000
McKesson
Corp
3
.125
02/17/29
688,157‌
EUR
400,000
(d)
Metropolitan
Life
Global
Funding
I
1
.750
05/25/25
417,453‌
GBP
600,000
(d)
Metropolitan
Life
Global
Funding
I
4
.125
09/02/25
737,935‌
EUR
175,000
(d)
Metropolitan
Life
Global
Funding
I
3
.625
03/26/34
184,579‌
EUR
600,000
(d)
Mondelez
International
Holdings
Netherlands
BV
1
.250
09/09/41
434,224‌
EUR
670,000
Morgan
Stanley
1
.342
10/23/26
688,404‌
EUR
500,000
(a)
Morgan
Stanley
3
.790
03/21/30
530,510‌
GBP
400,000
(d)
Nestle
Holdings,
Inc
5
.250
09/21/26
501,747‌
EUR
250,000
(e)
OI
European
Group
BV
6
.250
05/15/28
277,504‌
EUR
500,000
(e)
Olympus
Water
US
Holding
Corp
3
.875
10/01/28
491,821‌
EUR
100,000
(e)
Organon
Finance   LLC
2
.875
04/30/28
98,981‌
750,000
(e)
Organon
Finance   LLC
5
.125
04/30/31
648,526‌
GBP
400,000
(d)
Pacific
Life
Global
Funding
II
5
.375
11/30/28
504,711‌
EUR
600,000
ProLogis
Euro
Finance
LLC
4
.000
05/05/34
636,254‌
GBP
500,000
(d)
Protective
Life
Global
Funding
5
.248
01/13/28
624,928‌
EUR
500,000
Raytheon
Technologies
Corp
2
.150
05/18/30
481,386‌
EUR
450,000
Stryker
Corp
2
.625
11/30/30
451,454‌
EUR
700,000
The
Procter
&
Gamble
Company
0
.625
10/30/24
735,469‌
EUR
500,000
The
Procter
&
Gamble
Company
1
.875
10/30/38
440,894‌
EUR
1,100,000
Thermo
Fisher
Scientific
Finance
I
BV
0
.800
10/18/30
997,228‌
GBP
600,000
Time
Warner
Cable
LLC
5
.750
06/02/31
711,020‌
EUR
700,000
Verizon
Communications,
Inc
1
.875
10/26/29
682,616‌
TOTAL
UNITED
STATES
33,251,289‌
TOTAL
CORPORATE
BONDS
87,004,769‌
(Cost
$95,609,475)
GOVERNMENT
BONDS
-
67
.2
%
ANGOLA
-
0
.3
%
1,550,000
(e)
Angolan
Government
International
Bond
8
.750
04/14/32
1,399,960‌
TOTAL
ANGOLA
1,399,960‌
AUSTRALIA
-
2
.1
%
AUD
2,050,000
Australia
Government
Bond
0
.250
11/21/25
1,249,416‌
AUD
3,765,000
(d)
Australia
Government
Bond
2
.250
05/21/28
2,273,343‌
AUD
1,950,000
Australia
Government
Bond
1
.000
12/21/30
1,025,692‌
AUD
2,600,000
Australia
Government
Bond
1
.250
05/21/32
1,327,776‌
AUD
1,650,000
Australia
Government
Bond
3
.000
11/21/33
948,101‌
AUD
2,550,000
(d)
Australia
Government
Bond
1
.750
06/21/51
889,915‌
International
Bond
Fund
April
30,
2024
30
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
AUSTRALIA—continued
AUD
1,685,000
New
South
Wales
Treasury
Corp
3
.000
%
04/20/29
$
1,014,002‌
TOTAL
AUSTRALIA
8,728,245‌
BELGIUM
-
2
.3
%
EUR
2,125,000
(e)
Kingdom
of
Belgium
Government
Bond
0
.000
10/22/27
2,050,809‌
EUR
3,825,000
(e)
Kingdom
of
Belgium
Government
Bond
0
.350
06/22/32
3,327,582‌
EUR
285,000
Kingdom
of
Belgium
Government
Bond
3
.000
06/22/34
303,533‌
EUR
525,000
(e)
Kingdom
of
Belgium
Government
Bond
1
.450
06/22/37
456,660‌
EUR
5,150,000
(e)
Kingdom
of
Belgium
Government
Bond
0
.400
06/22/40
3,487,265‌
TOTAL
BELGIUM
9,625,849‌
BENIN
-
0
.3
%
EUR
1,275,000
(e)
Benin
Government
International
Bond
4
.950
01/22/35
1,097,022‌
TOTAL
BENIN
1,097,022‌
BRAZIL
-
0
.5
%
BRL
5,500,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
10
.000
01/01/27
1,037,772‌
BRL
5,000,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
10
.000
01/01/31
892,609‌
TOTAL
BRAZIL
1,930,381‌
BULGARIA
-
0
.2
%
EUR
750,000
(d)
Bulgaria
Government
International
Bond
4
.375
05/13/31
834,412‌
TOTAL
BULGARIA
834,412‌
CAMEROON
-
0
.1
%
EUR
650,000
(e)
Republic
of
Cameroon
International
Bond
5
.950
07/07/32
541,570‌
TOTAL
CAMEROON
541,570‌
CANADA
-
3
.0
%
CAD
3,050,000
(e)
Canada
Housing
Trust
No
1
.100
12/15/26
2,039,943‌
CAD
3,075,000
(e)
Canada
Housing
Trust
No
3
.550
09/15/32
2,136,116‌
CAD
1,825,000
Canadian
Government
International
Bond
3
.500
08/01/25
1,307,149‌
CAD
2,625,000
Canadian
Government
International
Bond
2
.000
06/01/28
1,774,490‌
CAD
2,275,000
Canadian
Government
International
Bond
2
.000
06/01/32
1,444,885‌
CAD
1,300,000
Canadian
Government
International
Bond
5
.000
06/01/37
1,060,190‌
CAD
1,350,000
Hydro-Quebec
4
.000
02/15/55
873,634‌
CAD
1,300,000
Province
of
Ontario
Canada
2
.150
06/02/31
819,746‌
CAD
1,100,000
Province
of
Ontario
Canada
1
.900
12/02/51
461,422‌
CAD
1,000,000
Province
of
Quebec
Canada
2
.750
09/01/27
692,173‌
TOTAL
CANADA
12,609,748‌
CHINA
-
8
.2
%
CNY
19,300,000
China
Government
Bond
2
.940
10/17/24
2,681,506‌
CNY
60,500,000
China
Government
Bond
3
.120
12/05/26
8,613,584‌
CNY
31,000,000
China
Government
Bond
2
.040
02/25/27
4,279,414‌
CNY
6,750,000
China
Government
Bond
2
.500
07/25/27
943,309‌
CNY
14,900,000
China
Government
Bond
2
.910
10/14/28
2,122,276‌
CNY
13,800,000
China
Government
Bond
2
.550
10/15/28
1,935,532‌
CNY
14,300,000
China
Government
Bond
2
.670
05/25/33
2,022,112‌
CNY
13,900,000
China
Government
Bond
2
.520
08/25/33
1,941,647‌
CNY
18,900,000
China
Government
Bond
3
.860
07/22/49
3,186,329‌
CNY
15,000,000
China
Government
Bond
3
.390
03/16/50
2,348,465‌
CNY
12,700,000
China
Government
Bond
3
.810
09/14/50
2,128,564‌
CNY
12,400,000
China
Government
Bond
3
.720
04/12/51
2,056,100‌
TOTAL
CHINA
34,258,838‌
COLOMBIA
-
0
.4
%
$
200,000
Colombia
Government
International
Bond
8
.000
11/14/35
201,589‌
COP
5,710,000,000
Colombian
TES
7
.750
09/18/30
1,291,402‌
TOTAL
COLOMBIA
1,492,991‌
COSTA
RICA
-
0
.1
%
400,000
(e)
Costa
Rica
Government
International
Bond
6
.550
04/03/34
404,839‌
TOTAL
COSTA
RICA
404,839‌
31
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
COTE
D'IVOIRE
-
0
.4
%
EUR
1,000,000
(e)
Ivory
Coast
Government
International
Bond
5
.875
%
10/17/31
$
963,682‌
EUR
100,000
(e)
Ivory
Coast
Government
International
Bond
4
.875
01/30/32
88,898‌
$
500,000
(e)
Ivory
Coast
Government
International
Bond
8
.250
01/30/37
477,700‌
TOTAL
COTE
D'IVOIRE
1,530,280‌
CYPRUS
-
1
.1
%
EUR
1,300,000
(d)
Cyprus
Government
International
Bond
2
.375
09/25/28
1,335,340‌
EUR
1,100,000
(d)
Cyprus
Government
International
Bond
0
.625
01/21/30
1,015,394‌
EUR
1,550,000
(d)
Cyprus
Government
International
Bond
0
.950
01/20/32
1,387,378‌
EUR
575,000
(d)
Cyprus
Government
International
Bond
2
.750
02/26/34
577,787‌
EUR
500,000
(d)
Cyprus
Government
International
Bond
2
.750
05/03/49
444,659‌
TOTAL
CYPRUS
4,760,558‌
DOMINICAN
REPUBLIC
-
0
.2
%
750,000
(e)
Dominican
Republic
Government
International
Bond
4
.875
09/23/32
656,249‌
DOP
15,600,000
(e)
Dominican
Republic
Government
International
Bond
11
.250
09/15/35
279,492‌
TOTAL
DOMINICAN
REPUBLIC
935,741‌
ECUADOR
-
0
.1
%
78,000
(e)
Ecuador
Government
International
Bond
0
.000
07/31/30
42,400‌
441,250
(e)
Ecuador
Government
International
Bond
5
.000
07/31/30
309,811‌
309,125
(e)
Ecuador
Government
International
Bond
1
.000
07/31/35
169,310‌
TOTAL
ECUADOR
521,521‌
EGYPT
-
0
.5
%
EGP
16,250,000
Egypt
Government
International
Bond
15
.900
07/02/24
332,841‌
EUR
900,000
(e)
Egypt
Government
International
Bond
6
.375
04/11/31
772,034‌
300,000
(e)
Egypt
Government
International
Bond
7
.053
01/15/32
243,016‌
675,000
(e)
Egypt
Government
International
Bond
8
.500
01/31/47
514,174‌
TOTAL
EGYPT
1,862,065‌
FRANCE
-
2
.8
%
EUR
3,775,000
(e)
French
Republic
Government
Bond
OAT
0
.750
11/25/28
3,659,440‌
EUR
675,000
French
Republic
Government
Bond
OAT
2
.750
02/25/29
714,691‌
EUR
2,150,000
French
Republic
Government
Bond
OAT
3
.500
11/25/33
2,374,053‌
EUR
2,425,000
(e)
French
Republic
Government
Bond
OAT
0
.500
05/25/40
1,685,667‌
EUR
910,000
(e)
French
Republic
Government
Bond
OAT
0
.750
05/25/52
509,354‌
EUR
1,560,000
(e)
French
Republic
Government
Bond
OAT
0
.750
05/25/53
851,441‌
EUR
2,500,000
(d)
UNEDIC
ASSEO
0
.250
07/16/35
1,936,710‌
TOTAL
FRANCE
11,731,356‌
GERMANY
-
4
.8
%
EUR
425,000
Bundesobligation
1
.300
10/15/27
432,336‌
EUR
4,675,000
Bundesrepublik
Deutschland
0
.500
08/15/27
4,642,296‌
EUR
645,000
Bundesrepublik
Deutschland
0
.000
08/15/29
602,301‌
EUR
365,000
Bundesrepublik
Deutschland
2
.100
11/15/29
379,779‌
EUR
2,550,000
Bundesrepublik
Deutschland
0
.000
08/15/31
2,270,465‌
EUR
1,000,000
Bundesrepublik
Deutschland
0
.000
02/15/32
878,712‌
EUR
1,110,000
Bundesrepublik
Deutschland
2
.300
02/15/33
1,161,704‌
EUR
7,600,000
Bundesrepublik
Deutschland
1
.000
05/15/38
6,496,412‌
EUR
3,245,000
Bundesrepublik
Deutschland
0
.000
08/15/52
1,647,581‌
EUR
950,000
Bundesschatzanweisungen
2
.500
03/19/26
1,002,459‌
MXN
11,000,000
Kreditanstalt
fuer
Wiederaufbau
4
.400
07/25/25
596,048‌
TOTAL
GERMANY
20,110,093‌
GHANA
-
0
.3
%
500,000
(e)
Ghana
Government
International
Bond
7
.750
04/07/29
241,875‌
825,000
(e)
Ghana
Government
International
Bond
8
.125
03/26/32
399,094‌
1,000,000
(e)
Ghana
Government
International
Bond
8
.627
06/16/49
471,250‌
TOTAL
GHANA
1,112,219‌
GREECE
-
1
.8
%
EUR
650,000
(e),(i)
Hellenic
Republic
Government
Bond
4
.125
06/15/54
690,677‌
EUR
575,000
(e)
Hellenic
Republic
Government
International
Bond
3
.875
03/12/29
632,880‌
EUR
2,300,000
(e)
Hellenic
Republic
Government
International
Bond
1
.500
06/18/30
2,217,187‌
International
Bond
Fund
April
30,
2024
32
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
GREECE—continued
EUR
1,300,000
(e)
Hellenic
Republic
Government
International
Bond
0
.750
%
06/18/31
$
1,171,984‌
EUR
1,100,000
(e)
Hellenic
Republic
Government
International
Bond
1
.750
06/18/32
1,049,350‌
EUR
725,000
(e)
Hellenic
Republic
Government
International
Bond
3
.375
06/15/34
760,913‌
EUR
750,000
(e)
Hellenic
Republic
Government
International
Bond
4
.375
07/18/38
845,274‌
TOTAL
GREECE
7,368,265‌
HUNGARY
-
1
.1
%
HUF
460,000,000
Hungary
Government
International
Bond
5
.500
06/24/25
1,230,193‌
EUR
550,000
(d)
Hungary
Government
International
Bond
5
.000
02/22/27
603,102‌
$
285,000
(e)
Hungary
Government
International
Bond
6
.125
05/22/28
287,804‌
EUR
645,000
(d)
Hungary
Government
International
Bond
4
.000
07/25/29
680,156‌
HUF
632,000,000
Hungary
Government
International
Bond
3
.000
08/21/30
1,364,242‌
EUR
600,000
(d)
Hungary
Government
International
Bond
1
.750
06/05/35
480,583‌
TOTAL
HUNGARY
4,646,080‌
INDIA
-
0
.0
%
INR
8,150,000
India
Government
Bond
7
.180
08/14/33
97,110‌
TOTAL
INDIA
97,110‌
INDONESIA
-
0
.5
%
IDR
13,000,000,000
Indonesia
Treasury
Bond
8
.125
05/15/24
799,348‌
IDR
7,550,000,000
Indonesia
Treasury
Bond
6
.875
04/15/29
458,184‌
IDR
17,000,000,000
Indonesia
Treasury
Bond
6
.375
04/15/32
992,178‌
TOTAL
INDONESIA
2,249,710‌
IRELAND
-
0
.4
%
EUR
930,000
Ireland
Government
Bond
0
.000
10/18/31
804,240‌
EUR
225,000
Ireland
Government
Bond
1
.700
05/15/37
204,381‌
EUR
1,000,000
Ireland
Government
Bond
1
.500
05/15/50
748,465‌
TOTAL
IRELAND
1,757,086‌
ITALY
-
2
.3
%
EUR
900,000
Italy
Buoni
Pliennali
Del
Tesoro
4
.000
10/30/31
983,740‌
EUR
2,575,000
Italy
Buoni
Poliennali
Del
Tesoro
1
.250
12/01/26
2,605,418‌
EUR
2,625,000
Italy
Buoni
Poliennali
Del
Tesoro
0
.950
09/15/27
2,587,002‌
EUR
975,000
Italy
Buoni
Poliennali
Del
Tesoro
0
.250
03/15/28
923,222‌
EUR
925,000
(d)
Italy
Buoni
Poliennali
Del
Tesoro
3
.850
07/01/34
982,771‌
EUR
1,150,000
(e)
Italy
Buoni
Poliennali
Del
Tesoro
0
.950
03/01/37
852,589‌
EUR
950,000
(e)
Italy
Buoni
Poliennali
Del
Tesoro
1
.700
09/01/51
611,838‌
TOTAL
ITALY
9,546,580‌
JAPAN
-
8
.9
%
JPY
13,000,000
Japan
Finance
Organization
for
Municipalities
0
.440
08/15/25
82,684‌
JPY
21,000,000
Japan
Finance
Organization
for
Municipalities
0
.320
01/19/26
133,212‌
JPY
30,000,000
Japan
Finance
Organization
for
Municipalities
0
.145
02/16/26
189,653‌
JPY
14,000,000
Japan
Finance
Organization
for
Municipalities
0
.020
05/22/26
88,172‌
JPY
268,000,000
Japan
Government
Five
Year
Bond
0
.005
09/20/26
1,688,089‌
JPY
340,000,000
Japan
Government
Five
Year
Bond
0
.300
09/20/28
2,144,311‌
JPY
660,000,000
Japan
Government
Ten
Year
Bond
0
.100
09/20/26
4,166,336‌
JPY
322,000,000
Japan
Government
Ten
Year
Bond
0
.100
09/20/29
1,999,745‌
JPY
325,000,000
Japan
Government
Ten
Year
Bond
0
.100
12/20/29
2,015,025‌
JPY
969,400,000
Japan
Government
Ten
Year
Bond
0
.100
12/20/30
5,954,358‌
JPY
457,700,000
Japan
Government
Thirty
Year
Bond
0
.500
09/20/46
2,238,790‌
JPY
73,000,000
Japan
Government
Thirty
Year
Bond
0
.600
09/20/50
341,359‌
JPY
278,000,000
Japan
Government
Thirty
Year
Bond
0
.700
09/20/51
1,316,315‌
JPY
143,000,000
Japan
Government
Thirty
Year
Bond
1
.300
06/20/52
788,429‌
JPY
289,500,000
Japan
Government
Thirty
Year
Bond
1
.200
06/20/53
1,547,745‌
JPY
251,000,000
Japan
Government
Thirty
Year
Bond
1
.800
09/20/53
1,550,476‌
JPY
233,000,000
Japan
Government
Thirty
Year
Bond
1
.600
12/20/53
1,371,487‌
JPY
273,800,000
Japan
Government
Twenty
Year
Bond
2
.100
03/20/26
1,796,124‌
JPY
278,000,000
Japan
Government
Twenty
Year
Bond
0
.600
12/20/36
1,654,427‌
JPY
256,000,000
Japan
Government
Twenty
Year
Bond
0
.500
06/20/38
1,464,570‌
JPY
660,000,000
Japan
Government
Twenty
Year
Bond
0
.700
09/20/38
3,866,899‌
33
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
JAPAN—continued
JPY
185,000,000
Japan
Government
Twenty
Year
Bond
0
.300
%
06/20/39
$
1,005,176‌
TOTAL
JAPAN
37,403,382‌
JORDAN
-
0
.2
%
$
1,000,000
(e)
Jordan
Government
International
Bond
7
.750
01/15/28
995,000‌
TOTAL
JORDAN
995,000‌
KAZAKHSTAN
-
0
.2
%
KZT
380,000,000
Kazakhstan
Government
Bond-MEUKAM
7
.130
08/06/24
846,303‌
TOTAL
KAZAKHSTAN
846,303‌
KENYA
-
0
.3
%
1,200,000
(e)
Kenya
Government
International
Bond
7
.000
05/22/27
1,155,624‌
TOTAL
KENYA
1,155,624‌
KOREA,
REPUBLIC
OF
-
2
.8
%
KRW
1,900,000,000
Korea
Treasury
Bond
2
.250
06/10/25
1,356,075‌
KRW
4,350,000,000
Korea
Treasury
Bond
1
.375
12/10/29
2,802,337‌
KRW
7,440,000,000
Korea
Treasury
Bond
2
.000
06/10/31
4,855,591‌
KRW
1,175,000,000
Korea
Treasury
Bond
2
.375
12/10/31
784,385‌
KRW
1,940,000,000
Korea
Treasury
Bond
2
.375
09/10/38
1,203,433‌
KRW
800,000,000
Korea
Treasury
Bond
1
.875
09/10/41
450,718‌
KRW
730,000,000
Korea
Treasury
Bond
2
.500
03/10/52
435,122‌
TOTAL
KOREA,
REPUBLIC
OF
11,887,661‌
LEBANON
-
0
.0
%
1,400,000
(d),(j)
Lebanon
Government
International
Bond
6
.850
03/23/27
89,250‌
TOTAL
LEBANON
89,250‌
LITHUANIA
-
0
.5
%
EUR
1,800,000
(d)
Lithuania
Government
International
Bond
3
.875
06/14/33
1,947,959‌
TOTAL
LITHUANIA
1,947,959‌
MALAYSIA
-
0
.2
%
MYR
4,355,000
Malaysia
Government
Bond
4
.457
03/31/53
935,027‌
TOTAL
MALAYSIA
935,027‌
MEXICO
-
1
.4
%
MXN
35,500,000
Mexican
Bonos
5
.750
03/05/26
1,901,125‌
MXN
38,600,000
Mexican
Bonos
8
.500
11/18/38
1,996,116‌
EUR
840,000
Mexico
Government
International
Bond
4
.490
05/25/32
892,037‌
1,025,000
Mexico
Government
International
Bond
6
.400
05/07/54
963,597‌
TOTAL
MEXICO
5,752,875‌
MOROCCO
-
0
.2
%
800,000
(e)
Morocco
Government
International
Bond
2
.375
12/15/27
702,000‌
TOTAL
MOROCCO
702,000‌
NETHERLANDS
-
0
.3
%
EUR
550,000
(e)
Netherlands
Government
International
Bond
2
.750
01/15/47
571,747‌
EUR
1,345,000
(e)
Netherlands
Government
International
Bond
0
.000
01/15/52
665,924‌
TOTAL
NETHERLANDS
1,237,671‌
NEW
ZEALAND
-
0
.8
%
NZD
1,800,000
New
Zealand
Government
International
Bond
2
.750
04/15/25
1,035,184‌
NZD
3,980,000
New
Zealand
Government
International
Bond
3
.500
04/14/33
2,106,041‌
TOTAL
NEW
ZEALAND
3,141,225‌
NIGERIA
-
0
.2
%
925,000
(e)
Nigeria
Government
International
Bond
8
.375
03/24/29
874,504‌
TOTAL
NIGERIA
874,504‌
NORWAY
-
0
.7
%
NOK
9,000,000
City
of
Oslo
Norway
2
.050
10/31/24
797,867‌
NOK
24,975,000
(e)
Norway
Government
International
Bond
2
.000
04/26/28
2,097,268‌
TOTAL
NORWAY
2,895,135‌
International
Bond
Fund
April
30,
2024
34
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
PANAMA
-
0
.2
%
$
800,000
(k)
Panama
Government
International
Bond
8
.000
%
03/01/38
$
814,629‌
TOTAL
PANAMA
814,629‌
PARAGUAY
-
0
.1
%
400,000
(e)
Paraguay
Government
International
Bond
6
.000
02/09/36
389,020‌
TOTAL
PARAGUAY
389,020‌
PERU
-
0
.3
%
PEN
6,201,000
(e)
Peruvian
Government
International
Bond
5
.400
08/12/34
1,422,438‌
TOTAL
PERU
1,422,438‌
POLAND
-
1
.4
%
315,000
(e)
Bank
Gospodarstwa
Krajowego
6
.250
10/31/28
323,423‌
EUR
800,000
(d)
Bank
Gospodarstwa
Krajowego
4
.375
03/13/39
845,345‌
PLN
9,150,000
Republic
of
Poland
Government
International
Bond
5
.750
04/25/29
2,269,201‌
PLN
5,400,000
Republic
of
Poland
Government
International
Bond
6
.000
10/25/33
1,356,918‌
EUR
700,000
(b)
Republic
of
Poland
Government
International
Bond
4
.125
01/11/44
733,023‌
280,000
Republic
of
Poland
Government
International
Bond
5
.500
04/04/53
265,300‌
TOTAL
POLAND
5,793,210‌
REPUBLIC
OF
SERBIA
-
1
.1
%
EUR
1,700,000
(e)
Serbia
Government
International
Bond
1
.500
06/26/29
1,517,007‌
375,000
(e)
Serbia
Government
International
Bond
6
.500
09/26/33
374,062‌
EUR
675,000
(e)
Serbia
International
Bond
1
.650
03/03/33
530,597‌
RSD
120,000,000
Serbia
Treasury
Bonds
5
.875
02/08/28
1,117,546‌
RSD
101,500,000
Serbia
Treasury
Bonds
4
.500
08/20/32
833,741‌
TOTAL
REPUBLIC
OF
SERBIA
4,372,953‌
ROMANIA
-
0
.7
%
RON
7,590,000
Romanian
Government
International
Bond
8
.000
04/29/30
1,722,389‌
EUR
800,000
(e)
Romanian
Government
International
Bond
2
.000
01/28/32
666,412‌
EUR
850,000
(e)
Romanian
Government
International
Bond
2
.000
04/14/33
681,474‌
TOTAL
ROMANIA
3,070,275‌
RWANDA
-
0
.2
%
1,225,000
(e)
Rwanda
International
Government
Bond
5
.500
08/09/31
984,594‌
TOTAL
RWANDA
984,594‌
SENEGAL
-
0
.3
%
EUR
525,000
(e)
Senegal
Government
International
Bond
4
.750
03/13/28
511,233‌
EUR
825,000
(e)
Senegal
Government
International
Bond
5
.375
06/08/37
649,325‌
TOTAL
SENEGAL
1,160,558‌
SOUTH
AFRICA
-
0
.7
%
ZAR
16,500,000
Republic
of
South
Africa
Government
International
Bond
7
.000
02/28/31
703,176‌
475,000
Republic
of
South
Africa
Government
International
Bond
5
.875
04/20/32
422,156‌
ZAR
20,900,000
Republic
of
South
Africa
Government
International
Bond
8
.875
02/28/35
892,355‌
ZAR
7,800,000
Republic
of
South
Africa
Government
International
Bond
8
.750
01/31/44
292,398‌
500,000
Republic
of
South
Africa
Government
International
Bond
7
.300
04/20/52
421,870‌
TOTAL
SOUTH
AFRICA
2,731,955‌
SPAIN
-
2
.6
%
EUR
1,625,000
(d),(e)
Spain
Government
Bond
3
.250
04/30/34
1,716,331‌
EUR
1,300,000
(e)
Spain
Government
Bond
3
.900
07/30/39
1,421,064‌
EUR
1,095,000
(e)
Spain
Government
International
Bond
1
.400
07/30/28
1,093,121‌
EUR
1,875,000
(e)
Spain
Government
International
Bond
0
.600
10/31/29
1,753,670‌
EUR
2,110,000
(e)
Spain
Government
International
Bond
0
.100
04/30/31
1,828,873‌
EUR
4,275,000
(e)
Spain
Government
International
Bond
1
.200
10/31/40
3,163,167‌
TOTAL
SPAIN
10,976,226‌
SUPRANATIONAL
-
2
.7
%
GBP
695,000
African
Development
Bank
0
.500
06/22/26
792,597‌
35
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SUPRANATIONAL—continued
AUD
720,000
Asian
Development
Bank
3
.900
%
02/17/26
$
460,988‌
INR
52,500,000
Asian
Development
Bank
6
.200
10/06/26
615,989‌
CNY
7,000,000
Asian
Infrastructure
Investment
Bank
2
.500
03/24/25
961,817‌
INR
41,700,000
Asian
Infrastructure
Investment
Bank
6
.000
12/08/31
457,680‌
$
1,250,000
(e)
Banque
Ouest
Africaine
de
Developpement
4
.700
10/22/31
1,061,025‌
EUR
650,000
(e)
Banque
Ouest
Africaine
de
Developpement
2
.750
01/22/33
535,868‌
AUD
2,150,000
Inter-American
Development
Bank
4
.750
08/27/24
1,393,816‌
INR
33,000,000
Inter-American
Development
Bank
7
.000
04/17/33
388,155‌
CAD
1,600,000
International
Bank
for
Reconstruction
&
Development
1
.900
01/16/25
1,138,032‌
INR
41,300,000
International
Bank
for
Reconstruction
&
Development
5
.500
01/21/27
471,682‌
IDR
31,200,000,000
International
Bank
for
Reconstruction
&
Development
6
.250
01/12/28
1,888,310‌
GBP
700,000
International
Finance
Corp
0
.250
12/15/25
810,551‌
GBP
400,000
(d)
International
Finance
Facility
for
Immunisation
Co
2
.750
06/07/25
485,260‌
TOTAL
SUPRANATIONAL
11,461,770‌
THAILAND
-
0
.4
%
THB
12,000,000
Thailand
Government
International
Bond
1
.585
12/17/35
282,411‌
THB
27,500,000
Thailand
Government
International
Bond
3
.300
06/17/38
762,733‌
THB
29,000,000
Thailand
Government
International
Bond
2
.000
06/17/42
655,773‌
TOTAL
THAILAND
1,700,917‌
TURKEY
-
0
.3
%
EUR
1,000,000
Turkiye
Government
International
Bond
5
.875
05/21/30
1,067,362‌
TOTAL
TURKEY
1,067,362‌
UKRAINE
-
0
.1
%
EUR
1,000,000
(e)
Ukraine
Government
International
Bond
6
.750
06/20/28
282,168‌
TOTAL
UKRAINE
282,168‌
UNITED
KINGDOM
-
4
.5
%
GBP
780,000
United
Kingdom
Gilt
0
.250
01/31/25
942,778‌
GBP
1,230,000
United
Kingdom
Gilt
0
.125
01/31/28
1,317,113‌
GBP
900,000
United
Kingdom
Gilt
1
.625
10/22/28
1,006,333‌
GBP
1,735,000
United
Kingdom
Gilt
0
.500
01/31/29
1,819,790‌
GBP
450,000
United
Kingdom
Gilt
0
.250
07/31/31
423,905‌
GBP
660,000
United
Kingdom
Gilt
3
.250
01/31/33
761,819‌
GBP
1,100,000
United
Kingdom
Gilt
0
.875
07/31/33
1,015,129‌
GBP
760,000
United
Kingdom
Gilt
4
.625
01/31/34
969,638‌
GBP
3,895,000
United
Kingdom
Gilt
1
.750
09/07/37
3,515,460‌
GBP
1,300,000
United
Kingdom
Gilt
3
.750
01/29/38
1,488,362‌
GBP
1,450,000
United
Kingdom
Gilt
1
.250
10/22/41
1,074,287‌
GBP
900,000
United
Kingdom
Gilt
0
.875
01/31/46
536,684‌
GBP
1,200,000
United
Kingdom
Gilt
4
.250
12/07/49
1,380,778‌
GBP
2,760,000
United
Kingdom
Gilt
0
.625
10/22/50
1,330,139‌
GBP
2,150,000
United
Kingdom
Gilt
1
.500
07/31/53
1,312,150‌
TOTAL
UNITED
KINGDOM
18,894,365‌
UNITED
STATES
-
0
.5
%
2,090,000
(a),(e)
Connecticut
Avenue
Securities
Trust
30
D
AVG
SOFR
+
3.100%
8
.430
03/25/42
2,178,884‌
TOTAL
UNITED
STATES
2,178,884‌
URUGUAY
-
0
.2
%
UYU
40,600,000
Uruguay
Government
International
Bond
8
.250
05/21/31
1,004,803‌
TOTAL
URUGUAY
1,004,803‌
UZBEKISTAN
-
0
.4
%
UZS
7,600,000,000
(e)
Republic
of
Uzbekistan
International
Bond
14
.000
07/19/24
592,667‌
1,130,000
(e)
Republic
of
Uzbekistan
International
Bond
7
.850
10/12/28
1,155,990‌
TOTAL
UZBEKISTAN
1,748,657‌
TOTAL
GOVERNMENT
BONDS
281,070,919‌
(Cost
$331,652,233)
International
Bond
Fund
April
30,
2024
36
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
PRINCIPAL
DESCRIPTION
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
STRUCTURED
ASSETS
-
4
.6
%
IRELAND
-
2
.3
%
$
897,665
(a)
Agora
Securities
SONIA
Interest
Rate
Benchmark
+
1.900%
7
.133
%
07/22/31
$
1,082,727‌
Series
-
2021
1X
(Class
C)
837,843
(a),(e)
Atom
Mortgage
Securities
DAC
SONIA
Interest
Rate
Benchmark
+
1.900%
7
.133
07/22/31
864,505‌
Series
-
2021
1A
(Class
D)
1,209,877
(a),(e)
Bruegel
2021
DAC
EURIBOR
3
M
+
2.470%
6
.413
05/22/31
1,189,912‌
Series
-
2021
1A
(Class
D)
1,872,185
(a),(e)
Frost
CMBS
DAC
SONIA
Interest
Rate
Benchmark
+
2.900%
8
.126
11/20/33
2,270,087‌
Series
-
2021
1A
(Class
GBD)
883,671
(a),(e)
Last
Mile
Logistics
Pan
Euro
Finance
DAC
EURIBOR
3
M
+
2.700%
1
.000
08/17/33
897,987‌
Series
-
2021
1A
(Class
E)
1,079,778
(a),(e)
Last
Mile
Securities
EURIBOR
3
M
+
2.350%
6
.265
08/17/31
1,136,551‌
Series
-
2021
1A
(Class
D)
347,448
(a),(e)
Taurus
UK
DAC
SONIA
Interest
Rate
Benchmark
+
1.300%
6
.525
05/17/31
431,679‌
Series
-
2021
UK1A
(Class
B)
1,035,395
(a),(e)
Taurus
UK
DAC
SONIA
Interest
Rate
Benchmark
+
1.650%
6
.875
05/17/31
1,285,434‌
Series
-
2021
UK1A
(Class
C)
297,813
(a),(e)
Taurus
UK
DAC
SONIA
Interest
Rate
Benchmark
+
2.600%
7
.825
05/17/31
369,266‌
Series
-
2021
UK1A
(Class
D)
TOTAL
IRELAND
9,528,148‌
ITALY
-
0
.2
%
893,385
(a),(e)
Cassia
SRL
EURIBOR
3
M
+
3.500%
7
.443
05/22/34
903,902‌
Series
-
2022
1A
(Class
B)
TOTAL
ITALY
903,902‌
UNITED
STATES
-
2
.1
%
2,000,000
(a),(e)
Alen
Mortgage
Trust
CME
Term
SOFR
1
Month
+
2.364%
7
.685
04/15/34
1,508,283‌
Series
-
2021
ACEN
(Class
C)
261,330
Carvana
Auto
Receivables
Trust
1
.270
03/10/28
245,245‌
Series
-
2021
N2
(Class
D)
1,500,000
(a)
COMM
Mortgage
Trust
4
.493
08/10/48
1,360,175‌
Series
-
2015
CR24
(Class
C)
1,745,000
(a),(e)
Connecticut
Avenue
Securities
Trust
30
D
AVG
SOFR
+
1.650%
6
.980
12/25/41
1,753,538‌
Series
-
2021
R03
(Class
1M2)
1,100,000
(a),(e)
Connecticut
Avenue
Securities
Trust
30
D
AVG
SOFR
+
3.500%
8
.830
03/25/42
1,157,292‌
Series
-
2022
R03
(Class
1M2)
367,345
(e)
Diamond
Resorts
Owner
Trust
2
.700
11/21/33
347,281‌
Series
-
2021
1A
(Class
C)
1,498,256
(a),(e)
ELP
Commercial
Mortgage
Trust
CME
Term
SOFR
1
Month
+
2.781%
8
.102
11/15/38
1,478,561‌
Series
-
2021
ELP
(Class
F)
163,182
(e)
MVW
LLC
1
.940
01/22/41
149,894‌
Series
-
2021
1WA
(Class
C)
500,000
(e)
Oportun
Issuance
Trust
1
.960
05/08/31
472,946‌
Series
-
2021
B
(Class
B)
500,000
(e)
Oportun
Issuance
Trust
3
.650
05/08/31
478,087‌
Series
-
2021
B
(Class
C)
TOTAL
UNITED
STATES
8,951,302‌
TOTAL
STRUCTURED
ASSETS
19,383,352‌
(Cost
$21,025,246)
TOTAL
LONG-TERM
INVESTMENTS
388,516,378‌
(Cost
$449,343,771)
37
See
Notes
to
Financial
Statements
PRINCIPAL
DESCRIPTION
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
5.1%
COMMERCIAL
PAPER
-
2
.0
%
$
8,500,000
(e)
HSBC
USA,
Inc
0
.000
%
07/23/24
$
8,390,718‌
TOTAL
COMMERCIAL
PAPER
8,390,718‌
REPURCHASE
AGREEMENT
-
1
.7
%
7,310,000
(l)
Fixed
Income
Clearing
Corporation
5
.310
05/01/24
7,310,000‌
TOTAL
REPURCHASE
AGREEMENT
7,310,000‌
TREASURY
DEBT
-
1
.4
%
CAD
1,400,000
Canadian
Treasury
Bill
0
.000
07/18/24
1,006,191‌
JPY
750,000,000
Japan
Treasury
Discount
Bill
0
.000
06/10/24
4,755,342‌
TOTAL
TREASURY
DEBT
5,761,533‌
TOTAL
SHORT-TERM
INVESTMENTS
21,462,251‌
(Cost
$21,724,283)
SHARES
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.1%
534,616
(m)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5
.430
(n)
534,616‌
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
534,616‌
(Cost
$534,616)
TOTAL
INVESTMENTS
-
98.1%
410,513,245‌
(Cost
$471,602,670)
OTHER
ASSETS
&
LIABILITIES,
NET
-
1.9%
7,784,155‌
NET
ASSETS
-
100.0%
$
418,297,400‌
AUD
Australian
Dollar
AVG
Average
BRL
Brazilian
Real
CAD
Canadian
Dollar
CME
Chicago
Mercantile
Exchange
CNY
Chinese
Yuan
COP
Colombia
Peso
D
Day
DOP
Dominican
Republic
Peso
EGP
Egyptian
Pound
EUR
Euro
EURIBOR
EURO
Interbank
Offer
Rate
GBP
Pound
Sterling
HUF
Hungary
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
KZT
Kazakhstani
Tenge
M
Month
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PEN
Peruvian
Sol
PLN
Polish
Zloty
RON
Romanian
Leu
RSD
Serbian
Dinar
SOFR
Secure
Overnight
Financing
Rate
SONIA
Sterling
Overnight
Interbank
Average
Rate
THB
Thai
Baht
UGX
Ugandan
Shilling
UYU
Uruguayan
Peso
UZS
Uzbekistani
Som
ZAR
South
African
Rand
International
Bond
Fund
April
30,
2024
38
See
Notes
to
Financial
Statements
Consolidated
Portfolio
of
Investments
(continued)
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted. 
(a)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
unless
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(b)
All
or
a
portion
of
this
security
is
owned
by
TIAA-CREF
International
Bond
Taxable
Offshore
Limited
which
is
a
100%
owned
subsidiary
of
the
fund.
(c)
Perpetual
security
(d)
All
or
a
portion
of
this
security
is
owned
by
TIAA-CREF
International
Bond
Offshore
Limited
which
is
a
100%
owned
subsidiary
of
the
fund.
(e)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$115,970,997
or
28.3%
of
Total
Investments.
(f)
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$516,933.
(g)
Payment
in
Kind
Bond
(h)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(i)
When-issued
or
delayed
delivery
security.
(j)
In
default
(k)
Principal
amount
for
interest
accrual
purposes
is
periodically
adjusted
based
on
changes
in
the
Consumer
Price
Index.
(l)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.310%
dated
4/30/24
to
be
repurchased
at
$7,311,078
on
5/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.375%
and
maturity
date
5/15/51,
valued
at
$7,456,268.
(m)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(n)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Forward
Foreign
Currency
Contracts
Currency
Purchased
Receive
Currency
Sold
Deliver
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
3,224,438
NZD
5,362,006
Australia
and
New
Zealand
Banking
Group
07/16/24
  $
64,871‌
$
10,913,440
AUD
16,614,346
Bank
of
America,
N.A.
07/16/24
  $
126,393‌
$
1,081,930
EUR
1,012,162
Bank
of
America,
N.A.
07/16/24
(
1,907‌
)
$
2,020,103
EUR
1,888,704
Bank
of
America,
N.A.
07/16/24
(
2,346‌
)
$
536,835
EUR
500,000
Bank
of
America,
N.A.
07/16/24
915‌
$
541,294
EUR
496,555
Bank
of
America,
N.A.
07/16/24
9,066‌
$
641,693
EUR
596,946
Bank
of
America,
N.A.
07/16/24
2,476‌
$
43,236,676
JPY
6,519,830,439
Bank
of
America,
N.A.
07/16/24
1,409,313‌
$
3,015,205
NOK
32,549,532
Bank
of
America,
N.A.
07/16/24
79,277‌
EUR
596,946
$
639,775
Bank
of
America,
N.A.
05/07/24
(
2,540‌
)
EUR
803,535
$
863,616
Bank
of
America,
N.A.
07/16/24
(
2,355‌
)
EUR
518,448
$
556,641
Bank
of
America,
N.A.
07/16/24
(
949‌
)
Total
  $
1,617,343‌
$
1,005,819
CAD
1,382,556
Citibank
N.A.
07/16/24
  $
220‌
$
38,576,159
CNY
275,564,430
Citibank
N.A.
06/17/24
(
152,457‌
)
$
12,215,963
KRW
16,681,020,000
Citibank
N.A.
05/17/24
171,074‌
$
1,768,127
THB
64,599,916
Citibank
N.A.
05/17/24
22,577‌
Total
  $
41,414‌
$
2,495,685
IDR
39,620,000,000
Citigroup
Global
Markets
05/17/24
  $
60,202‌
$
964,180
ZAR
18,138,780
Goldman
Sachs
05/17/24
  $
1,797‌
$
681,533
EUR
635,409
Morgan
Stanley
07/16/24
  $
1,128‌
$
147,666,847
EUR
137,069,115
Morgan
Stanley
07/16/24
891,411‌
$
35,292,328
GBP
28,087,405
Morgan
Stanley
07/16/24
180,741‌
$
1,366,618
HUF
503,241,339
Morgan
Stanley
05/17/24
(
4,098‌
)
$
2,426,008
MXN
40,105,255
Morgan
Stanley
05/17/24
91,364‌
$
1,941,527
PLN
7,758,026
Morgan
Stanley
05/17/24
29,371‌
$
1,888,155
RON
8,812,582
Morgan
Stanley
05/17/24
(
1,181‌
)
EUR
635,409
$
679,375
Morgan
Stanley
05/02/24
(
1,213‌
)
EUR
214,000
$
228,430
Morgan
Stanley
07/16/24
724‌
EUR
98,427
$
105,559
Morgan
Stanley
07/16/24
(
162‌
)
Total
  $
1,188,085‌
$
727,283
PEN
2,702,293
Standard
Chartered
Bank
05/17/24
  $
9,624‌
$
14,121,129
CAD
19,341,107
Toronto
Dominion
Bank
07/16/24
  $
53,413‌
Total
  $
3,036,749‌
39
See
Notes
to
Financial
Statements
AUD
Australian
Dollar
CAD
Canadian
Dollar
CNY
Chinese
Yuan
EUR
Euro
GBP
Pound
Sterling
HUF
Hungary
Forint
IDR
Indonesia
Rupiah
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PEN
Peruvian
Sol
PLN
Polish
Zloty
RON
Romanian
Leu
THB
Thai
Baht
ZAR
South
African
Rand
40
Statement
of
Assets
and
Liabilities
See
Notes
to
Financial
Statements
April
30,
2024
(Unaudited)
6.1
Emerging
Markets
Debt
6.2
International
Bond
§
ASSETS
Long-term
investments,
at
value
*†
$
511,993,815‌
$
388,516,378‌
Short-term
investments,
at
value
#
9,374,369‌
21,462,251‌
Investments
purchased
with
collateral
from
securities
lending,
at
value
(cost
approximates
value)
8,557,209‌
534,616‌
Cash
3,443‌
422,933‌
Cash
denominated
in
foreign
currencies
^
222,362‌
1,124,013‌
Receivables:
Dividends
127‌
1,131‌
Interest
7,549,398‌
3,675,445‌
Investments
sold
494,688‌
1,895‌
Reclaims
–‌
63,464‌
Reimbursement
from
Adviser
193,779‌
212,280‌
Shares
sold
456,167‌
1,335,540‌
Unrealized
appreciation
on
forward
foreign
currency
contracts
39,737‌
3,205,957‌
Other
30,695‌
42,801‌
Total
assets
538,915,789‌
420,598,704‌
LIABILITIES
Due
to
affiliates
14,910‌
14,746‌
Payables:
Management
fees
236,383‌
173,378‌
Collateral
from
securities
lending
8,557,209‌
534,616‌
Investments
purchased
-
regular
settlement
2,445,019‌
638,814‌
Investments
purchased
-
when-issued/delayed-delivery
settlement
3,244,719‌
680,202‌
Shares
redeemed
112,788‌
–‌
Service
agreement
fees
7,451‌
1,261‌
Unrealized
depreciation
on
forward
foreign
currency
contracts
–‌
169,208‌
Accrued
expenses:
Custodian
fees
9,363‌
22,634‌
Professional
fees
28,450‌
31,859‌
Shareholder
reporting
expenses
9,590‌
5,854‌
Shareholder
servicing
agent
fees
1,905‌
381‌
Trustees
fees
28,196‌
16,579‌
12b-1
distribution
and
service
fees
2,424‌
279‌
Other
5,092‌
11,493‌
Total
liabilities
14,703,499‌
2,301,304‌
Net
assets
$
524,212,290‌
$
418,297,400‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
$
631,695,627‌
$
499,653,723‌
Total
distributable
earnings
(loss)
(
107,483,337‌
)
(
81,356,323‌
)
Net
assets
$
524,212,290‌
$
418,297,400‌
§
Consolidated
Statement
of
Assets
and
Liabilities
(see
Notes
to
Financial
Statements)
*
Includes
securities
loaned
of
$
13,517,062‌
$
516,933‌
Long-term
investments,
cost
$
584,674,388‌
$
449,343,771‌
#
Short-term
investments,
cost
$
9,376,874‌
$
21,724,283‌
^
Cash
denominated
in
foreign
currencies,
cost
$
247,603‌
$
1,419,013‌
41
Statement
of
Assets
and
Liabilities
See
Notes
to
Financial
Statements
April
30,
2024
(Unaudited)
6.1
Emerging
Markets
Debt
6.2
International
Bond
§
CLASS
A:
Net
assets
$
11,592,029‌
$
1,281,005‌
Shares
outstanding
1,396,582‌
153,243‌
Net
asset
value
per
share
$
8
.30‌
$
8
.36‌
CLASS
I:
Net
assets
$
16,503,862‌
$
1,393,856‌
Shares
outstanding
1,981,953‌
166,397‌
Net
asset
value
per
share
$
8
.33‌
$
8
.38‌
PREMIER
CLASS:
Net
assets
$
207,557‌
$
86,691‌
Shares
outstanding
25,001‌
10,285‌
Net
asset
value
per
share
$
8
.30‌
$
8
.43‌
CLASS
R6:
Net
assets
$
97,841,589‌
$
713,972‌
Shares
outstanding
11,781,388‌
85,280‌
Net
asset
value
per
share
$
8
.30‌
$
8
.37‌
RETIREMENT
CLASS:
Net
assets
$
26,448,335‌
$
5,077,859‌
Shares
outstanding
3,188,289‌
607,364‌
Net
asset
value
per
share
$
8
.30‌
$
8
.36‌
CLASS
W:
Net
assets
$
371,618,918‌
$
409,744,017‌
Shares
outstanding
44,749,482‌
48,827,859‌
Net
asset
value
per
share
$
8
.30‌
$
8
.39‌
Authorized
shares
-
per
class
Unlimited
Unlimited
Par
value
per
share
$
0
.0001‌
$
0
.0001‌
42
Statement
of
Operations
See
Notes
to
Financial
Statements
Six
Months
Ended
April
30,
2024
(Unaudited)
6.1
Emerging
Markets
Debt
6.2
International
Bond
§
INVESTMENT
INCOME
Dividends
$
654,668‌
$
(
88‌
)
Interest
16,272,974‌
7,130,012‌
Securities
lending
income,
net
20,306‌
917‌
Tax
withheld
(
38,324‌
)
(
19,116‌
)
Total
investment
income
16,909,624‌
7,111,725‌
EXPENSES
Management
fees
1,366,342‌
1,010,889‌
12b-1
distribution
and
service
fees
Class
A
16,126‌
1,737‌
12b-1
distribution
and
service
fees
Premier
Class
154‌
65‌
Shareholder
servicing
agent
fees
Class
A
2,509‌
669‌
Shareholder
servicing
agent
fees
Class
I
5,335‌
619‌
Shareholder
servicing
agent
fees
Premier
Class
26‌
15‌
Shareholder
servicing
agent
fees
Class
R6
999‌
46‌
Shareholder
servicing
agent
fees
Retirement
Class
24,604‌
6,403‌
Shareholder
servicing
agent
fees
Class
W
203‌
186‌
Administrative
service
fees
41,152‌
40,662‌
Trustees
fees
3,762‌
3,082‌
Custodian
expenses
32,945‌
77,933‌
Overdraft
expense
54‌
235‌
Professional
fees
31,042‌
41,405‌
Registration
fees
31,112‌
24,119‌
Shareholder
reporting
expenses
17,677‌
11,634‌
Other
88,724‌
56,623‌
Total
expenses
1,662,766‌
1,276,322‌
Expenses
reimbursed
by
the
investment
adviser
(
1,112,685‌
)
(
1,210,411‌
)
Net
expenses
550,081‌
65,911‌
Net
investment
income
(loss)
16,359,543‌
7,045,814‌
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
Realized
gain
(loss):
Investments
(
1,459,865‌
)
(
2,021,959‌
)
Foreign
currency
transactions
(
682,858‌
)
(
2,819,971‌
)
Net
realized
gain
(loss)
(
2,142,723‌
)
(
4,841,930‌
)
Change
in
unrealized
appreciation
(depreciation)
on:
Investments
36,725,597‌
20,083,381‌
Forward
foreign
currency
contracts
26,973‌
1,431,471‌
Foreign
currency
translations
4,212‌
(
41,583‌
)
Net
change
in
unrealized
appreciation
(depreciation)
36,756,782‌
21,473,269‌
Net
realized
and
unrealized
gain
(loss)
34,614,059‌
16,631,339‌
Net
increase
(decrease)
in
net
assets
from
operations
$
50,973,602‌
$
23,677,153‌
§
Consolidated
Statement
of
Operations
(see
Notes
to
Financial
Statements)
43
Statement
of
Changes
in
Net
Assets
See
Notes
to
Financial
Statements
6.1
Emerging
Markets
Debt
6.2
International
Bond
§
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
Unaudited
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
OPERATIONS
Net
investment
income
(loss)
$
16,359,543‌
$
29,990,909‌
$
7,045,814‌
$
13,045,874‌
Net
realized
gain
(loss)
(
2,142,723‌
)
(
25,812,200‌
)
(
4,841,930‌
)
(
14,770,226‌
)
Net
change
in
unrealized
appreciation
(depreciation)
36,756,782‌
50,195,282‌
21,473,269‌
19,077,452‌
Net
increase
(decrease)
in
net
assets
from
operations
50,973,602‌
54,373,991‌
23,677,153‌
17,353,100‌
DISTRIBUTIONS
TO
SHAREHOLDERS
–‌
–‌
–‌
–‌
Dividends:
Class
A
(
332,625‌
)
(
802,809‌
)
–‌
(
65,023‌
)
Class
I
(
387,057‌
)
(
638,158‌
)
(
2,218‌
)
(
5,538‌
)
Premier
Class
(
5,373‌
)
(
11,755‌
)
(
80‌
)
(
3,718‌
)
Class
R6
(
2,424,332‌
)
(
3,628,366‌
)
(
1,812‌
)
(
28,907‌
)
Retirement
Class
(
507,689‌
)
(
928,715‌
)
(
519‌
)
(
204,917‌
)
Class
W
(
10,770,745‌
)
(
24,521,455‌
)
(
3,196,948‌
)
(
17,160,957‌
)
Total
distributions
(
14,427,821‌
)
(
30,531,258‌
)
(
3,201,577‌
)
(
17,469,060‌
)
FUND
SHARE
TRANSACTIONS
Subscriptions
97,657,450‌
174,403,765‌
57,159,763‌
106,355,135‌
Reinvestments
of
distributions
3,605,643‌
5,900,798‌
4,349‌
298,458‌
Redemptions
(
62,526,142‌
)
(
262,061,355‌
)
(
32,455,145‌
)
(
109,472,682‌
)
Net
increase
(decrease)
from
Fund
share
transactions
38,736,951‌
(
81,756,792‌
)
24,708,967‌
(
2,819,089‌
)
Net
increase
(decrease)
in
net
assets
75,282,732‌
(
57,914,059‌
)
45,184,543‌
(
2,935,049‌
)
Net
assets
at
the
beginning
of
period
448,929,558‌
506,843,617‌
373,112,857‌
376,047,906‌
Net
assets
at
the
end
of
period
$
524,212,290‌
$
448,929,558‌
$
418,297,400‌
$
373,112,857‌
§
Consolidated
Statement
of
Changes
in
Net
Assets
(see
Notes
to
Financial
Statements)
Financial
Highlights
See
Notes
to
Financial
Statements
44
The
following
data
is
for
a
share outstanding
for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
6.1
Emerging
Markets
Debt
Class
A:
4/30/24
#
$
7
.67‌
$
0
.24‌
$
0
.60‌
$
0
.84‌
$
(
0
.21‌
)
$
—‌
$
(
0
.21‌
)
$
8
.30‌
10/31/23
7
.34‌
0
.45‌
0
.33‌
0
.78‌
(
0
.45‌
)
—‌
(
0
.45‌
)
7
.67‌
10/31/22
9
.97‌
0
.50‌
(
2
.67‌
)
(
2
.17‌
)
(
0
.46‌
)
—‌
(
0
.46‌
)
7
.34‌
10/31/21
9
.64‌
0
.43‌
0
.30‌
0
.73‌
(
0
.40‌
)
—‌
(
0
.40‌
)
9
.97‌
10/31/20
10
.09‌
0
.48‌
(
0
.49‌
)
(
0
.01‌
)
(
0
.44‌
)
—‌
(
0
.44‌
)
9
.64‌
10/31/19
9
.18‌
0
.56‌
0
.83‌
1
.39‌
(
0
.48‌
)
—‌
(
0
.48‌
)
10
.09‌
Class
I:
4/30/24
#
7
.70‌
0
.25‌
0
.60‌
0
.85‌
(
0
.22‌
)
—‌
(
0
.22‌
)
8
.33‌
10/31/23
7
.36‌
0
.47‌
0
.34‌
0
.81‌
(
0
.47‌
)
—‌
(
0
.47‌
)
7
.70‌
10/31/22
10
.00‌
0
.51‌
(
2
.67‌
)
(
2
.16‌
)
(
0
.48‌
)
—‌
(
0
.48‌
)
7
.36‌
10/31/21
9
.67‌
0
.46‌
0
.30‌
0
.76‌
(
0
.43‌
)
—‌
(
0
.43‌
)
10
.00‌
10/31/20
10
.13‌
0
.51‌
(
0
.51‌
)
0
.00‌
d
(
0
.46‌
)
—‌
(
0
.46‌
)
9
.67‌
10/31/19
9
.20‌
0
.57‌
0
.87‌
1
.44‌
(
0
.51‌
)
—‌
(
0
.51‌
)
10
.13‌
Premier
Class:
4/30/24
#
7
.67‌
0
.25‌
0
.59‌
0
.84‌
(
0
.21‌
)
—‌
(
0
.21‌
)
8
.30‌
10/31/23
7
.34‌
0
.46‌
0
.33‌
0
.79‌
(
0
.46‌
)
—‌
(
0
.46‌
)
7
.67‌
10/31/22
9
.97‌
0
.50‌
(
2
.66‌
)
(
2
.16‌
)
(
0
.47‌
)
—‌
(
0
.47‌
)
7
.34‌
10/31/21
9
.65‌
0
.47‌
0
.28‌
0
.75‌
(
0
.43‌
)
—‌
(
0
.43‌
)
9
.97‌
10/31/20
10
.09‌
0
.51‌
(
0
.50‌
)
0
.01‌
(
0
.45‌
)
—‌
(
0
.45‌
)
9
.65‌
10/31/19
9
.17‌
0
.57‌
0
.85‌
1
.42‌
(
0
.50‌
)
—‌
(
0
.50‌
)
10
.09‌
Class
R6:
4/30/24
#
7
.68‌
0
.25‌
0
.59‌
0
.84‌
(
0
.22‌
)
—‌
(
0
.22‌
)
8
.30‌
10/31/23
7
.34‌
0
.47‌
0
.35‌
0
.82‌
(
0
.48‌
)
—‌
(
0
.48‌
)
7
.68‌
10/31/22
9
.97‌
0
.52‌
(
2
.66‌
)
(
2
.14‌
)
(
0
.49‌
)
—‌
(
0
.49‌
)
7
.34‌
10/31/21
9
.65‌
0
.47‌
0
.29‌
0
.76‌
(
0
.44‌
)
—‌
(
0
.44‌
)
9
.97‌
10/31/20
10
.10‌
0
.50‌
(
0
.48‌
)
0
.02‌
(
0
.47‌
)
—‌
(
0
.47‌
)
9
.65‌
10/31/19
9
.18‌
0
.58‌
0
.85‌
1
.43‌
(
0
.51‌
)
—‌
(
0
.51‌
)
10
.10‌
Retirement
Class:
4/30/24
#
7
.67‌
0
.24‌
0
.60‌
0
.84‌
(
0
.21‌
)
—‌
(
0
.21‌
)
8
.30‌
10/31/23
7
.34‌
0
.45‌
0
.34‌
0
.79‌
(
0
.46‌
)
—‌
(
0
.46‌
)
7
.67‌
10/31/22
9
.97‌
0
.50‌
(
2
.66‌
)
(
2
.16‌
)
(
0
.47‌
)
—‌
(
0
.47‌
)
7
.34‌
10/31/21
9
.64‌
0
.45‌
0
.30‌
0
.75‌
(
0
.42‌
)
—‌
(
0
.42‌
)
9
.97‌
10/31/20
10
.09‌
0
.49‌
(
0
.50‌
)
(
0
.01‌
)
(
0
.44‌
)
—‌
(
0
.44‌
)
9
.64‌
10/31/19
9
.18‌
0
.56‌
0
.84‌
1
.40‌
(
0
.49‌
)
—‌
(
0
.49‌
)
10
.09‌
Class
W:
4/30/24
#
7
.68‌
0
.28‌
0
.59‌
0
.87‌
(
0
.25‌
)
—‌
(
0
.25‌
)
8
.30‌
10/31/23
7
.34‌
0
.52‌
0
.35‌
0
.87‌
(
0
.53‌
)
—‌
(
0
.53‌
)
7
.68‌
10/31/22
9
.98‌
0
.57‌
(
2
.67‌
)
(
2
.10‌
)
(
0
.54‌
)
—‌
(
0
.54‌
)
7
.34‌
10/31/21
9
.65‌
0
.53‌
0
.30‌
0
.83‌
(
0
.50‌
)
—‌
(
0
.50‌
)
9
.98‌
10/31/20
10
.11‌
0
.57‌
(
0
.50‌
)
0
.07‌
(
0
.53‌
)
—‌
(
0
.53‌
)
9
.65‌
10/31/19
9
.19‌
0
.65‌
0
.84‌
1
.49‌
(
0
.57‌
)
—‌
(
0
.57‌
)
10
.11‌
#
Unaudited
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
See
Notes
to
Financial
Statements
45
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
10
.99‌
%
$
11,592‌
0
.94‌
%
c
0
.94‌
%
c
5
.80‌
%
c
12‌
%
10
.65‌
11,663‌
0
.92‌
0
.92‌
5
.73‌
27‌
(
22
.32‌
)
8,722‌
0
.93‌
0
.93‌
5
.68‌
37‌
7
.61‌
15,698‌
0
.94‌
0
.94‌
4
.30‌
57‌
0
.12‌
19,832‌
0
.93‌
0
.93‌
5
.01‌
77‌
15
.55‌
22,567‌
0
.92‌
0
.92‌
5
.77‌
78‌
11
.06‌
16,504‌
0
.73‌
c
0
.73‌
c
6
.12‌
c
12‌
10
.99‌
10,133‌
0
.69‌
0
.69‌
5
.91‌
27‌
(
22
.17‌
)
17,890‌
0
.69‌
0
.69‌
5
.96‌
37‌
7
.91‌
19,272‌
0
.69‌
0
.69‌
4
.55‌
57‌
0
.26‌
20,506‌
0
.69‌
0
.69‌
5
.29‌
77‌
16
.00‌
18,116‌
0
.71‌
0
.71‌
5
.82‌
78‌
11
.05‌
208‌
0
.82‌
c
0
.82‌
c
5
.98‌
c
12‌
10
.78‌
195‌
0
.79‌
0
.79‌
5
.81‌
27‌
(
22
.21‌
)
187‌
0
.78‌
0
.78‌
5
.86‌
37‌
7
.74‌
253‌
0
.80‌
0
.80‌
4
.61‌
57‌
0
.29‌
244‌
0
.78‌
0
.78‌
5
.19‌
77‌
15
.84‌
882‌
0
.79‌
0
.79‌
5
.91‌
78‌
11
.00‌
97,842‌
0
.65‌
c
0
.65‌
c
6
.17‌
c
12‌
11
.11‌
78,811‌
0
.62‌
0
.62‌
5
.96‌
27‌
(
22
.07‌
)
35,533‌
0
.62‌
0
.62‌
5
.93‌
37‌
7
.90‌
77,422‌
0
.61‌
0
.61‌
4
.67‌
57‌
0
.44‌
47,256‌
0
.62‌
0
.62‌
5
.22‌
77‌
16
.00‌
40,886‌
0
.63‌
0
.63‌
6
.01‌
78‌
11
.01‌
26,448‌
0
.90‌
c
0
.90‌
c
5
.91‌
c
12‌
10
.71‌
16,607‌
0
.87‌
0
.86‌
5
.74‌
27‌
(
22
.21‌
)
13,771‌
0
.87‌
0
.80‌
5
.84‌
37‌
7
.78‌
19,212‌
0
.86‌
0
.82‌
4
.44‌
57‌
0
.18‌
17,840‌
0
.87‌
0
.87‌
5
.07‌
77‌
15
.61‌
19,204‌
0
.88‌
0
.88‌
5
.79‌
78‌
11
.33‌
371,619‌
0
.65‌
c
0
.03‌
c
6
.78‌
c
12‌
11
.82‌
331,520‌
0
.62‌
0.00‌
6
.58‌
27‌
(
21
.65‌
)
430,741‌
0
.62‌
0.00‌
6
.64‌
37‌
8
.66‌
470,716‌
0
.61‌
0.00‌
5
.24‌
57‌
0
.98‌
474,236‌
0
.62‌
0.00‌
5
.89‌
77‌
16
.72‌
433,771‌
0
.63‌
0.00‌
6
.68‌
78‌
Financial
Highlights
(continued)
See
Notes
to
Financial
Statements
46
Financial
Highlights
(continued)
Investment
Operations
Less
Distributions
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(Loss)
a
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
Net
Investment
Income
From
Net
Realized
Gains
Total
Net
Asset
Value,
End
of
Period
International
Bond
§
Class
A:
4/30/24
#
$
7
.90‌
$
0
.11‌
$
0
.35‌
$
0
.46‌
$
—‌
$
—‌
$
—‌
$
8
.36‌
10/31/23
7
.96‌
0
.20‌
0
.10‌
0
.30‌
(
0
.36‌
)
—‌
(
0
.36‌
)
7
.90‌
10/31/22
9
.91‌
0
.15‌
(
1
.41‌
)
(
1
.26‌
)
(
0
.61‌
)
(
0
.08‌
)
(
0
.69‌
)
7
.96‌
10/31/21
10
.22‌
0
.11‌
(
0
.17‌
)
(
0
.06‌
)
(
0
.15‌
)
(
0
.10‌
)
(
0
.25‌
)
9
.91‌
10/31/20
10
.28‌
0
.11‌
0
.09‌
0
.20‌
(
0
.26‌
)
—‌
(
0
.26‌
)
10
.22‌
10/31/19
9
.71‌
0
.15‌
0
.92‌
1
.07‌
(
0
.50‌
)
—‌
(
0
.50‌
)
10
.28‌
Class
I:
4/30/24
#
7
.92‌
0
.12‌
0
.36‌
0
.48‌
(
0
.02‌
)
—‌
(
0
.02‌
)
8
.38‌
10/31/23
7
.97‌
0
.22‌
0
.09‌
0
.31‌
(
0
.36‌
)
—‌
(
0
.36‌
)
7
.92‌
10/31/22
9
.92‌
0
.18‌
(
1
.40‌
)
(
1
.22‌
)
(
0
.65‌
)
(
0
.08‌
)
(
0
.73‌
)
7
.97‌
10/31/21
10
.23‌
0
.14‌
(
0
.17‌
)
(
0
.03‌
)
(
0
.18‌
)
(
0
.10‌
)
(
0
.28‌
)
9
.92‌
10/31/20
10
.27‌
0
.14‌
0
.09‌
0
.23‌
(
0
.27‌
)
—‌
(
0
.27‌
)
10
.23‌
10/31/19
9
.71‌
0
.18‌
0
.91‌
1
.09‌
(
0
.53‌
)
—‌
(
0
.53‌
)
10
.27‌
Premier
Class:
4/30/24
#
7
.96‌
0
.12‌
0
.36‌
0
.48‌
(
0
.01‌
)
—‌
(
0
.01‌
)
8
.43‌
10/31/23
8
.01‌
0
.21‌
0
.10‌
0
.31‌
(
0
.36‌
)
—‌
(
0
.36‌
)
7
.96‌
10/31/22
9
.99‌
0
.17‌
(
1
.42‌
)
(
1
.25‌
)
(
0
.65‌
)
(
0
.08‌
)
(
0
.73‌
)
8
.01‌
10/31/21
10
.29‌
0
.13‌
(
0
.16‌
)
(
0
.03‌
)
(
0
.17‌
)
(
0
.10‌
)
(
0
.27‌
)
9
.99‌
10/31/20
10
.34‌
0
.13‌
0
.08‌
0
.21‌
(
0
.26‌
)
—‌
(
0
.26‌
)
10
.29‌
10/31/19
9
.77‌
0
.17‌
0
.92‌
1
.09‌
(
0
.52‌
)
—‌
(
0
.52‌
)
10
.34‌
Class
R6:
4/30/24
#
7
.92‌
0
.12‌
0
.35‌
0
.47‌
(
0
.02‌
)
—‌
(
0
.02‌
)
8
.37‌
10/31/23
7
.96‌
0
.22‌
0
.10‌
0
.32‌
(
0
.36‌
)
—‌
(
0
.36‌
)
7
.92‌
10/31/22
9
.94‌
0
.18‌
(
1
.41‌
)
(
1
.23‌
)
(
0
.67‌
)
(
0
.08‌
)
(
0
.75‌
)
7
.96‌
10/31/21
10
.24‌
0
.15‌
(
0
.17‌
)
(
0
.02‌
)
(
0
.18‌
)
(
0
.10‌
)
(
0
.28‌
)
9
.94‌
10/31/20
10
.27‌
0
.14‌
0
.10‌
0
.24‌
(
0
.27‌
)
—‌
(
0
.27‌
)
10
.24‌
10/31/19
9
.71‌
0
.19‌
0
.91‌
1
.10‌
(
0
.54‌
)
—‌
(
0
.54‌
)
10
.27‌
Retirement
Class:
4/30/24
#
7
.90‌
0
.11‌
0
.35‌
0
.46‌
(
0
.00‌
)
d
—‌
(
0
.00‌
)
d
8
.36‌
10/31/23
7
.95‌
0
.20‌
0
.11‌
0
.31‌
(
0
.36‌
)
—‌
(
0
.36‌
)
7
.90‌
10/31/22
9
.91‌
0
.16‌
(
1
.41‌
)
(
1
.25‌
)
(
0
.63‌
)
(
0
.08‌
)
(
0
.71‌
)
7
.95‌
10/31/21
10
.22‌
0
.12‌
(
0
.17‌
)
(
0
.05‌
)
(
0
.16‌
)
(
0
.10‌
)
(
0
.26‌
)
9
.91‌
10/31/20
10
.27‌
0
.12‌
0
.09‌
0
.21‌
(
0
.26‌
)
—‌
(
0
.26‌
)
10
.22‌
10/31/19
9
.71‌
0
.16‌
0
.91‌
1
.07‌
(
0
.51‌
)
—‌
(
0
.51‌
)
10
.27‌
Class
W:
4/30/24
#
7
.96‌
0
.15‌
0
.35‌
0
.50‌
(
0
.07‌
)
—‌
(
0
.07‌
)
8
.39‌
10/31/23
7
.96‌
0
.27‌
0
.11‌
0
.38‌
(
0
.38‌
)
—‌
(
0
.38‌
)
7
.96‌
10/31/22
9
.99‌
0
.24‌
(
1
.42‌
)
(
1
.18‌
)
(
0
.77‌
)
(
0
.08‌
)
(
0
.85‌
)
7
.96‌
10/31/21
10
.29‌
0
.21‌
(
0
.17‌
)
0
.04‌
(
0
.24‌
)
(
0
.10‌
)
(
0
.34‌
)
9
.99‌
10/31/20
10
.28‌
0
.21‌
0
.08‌
0
.29‌
(
0
.28‌
)
—‌
(
0
.28‌
)
10
.29‌
10/31/19
9
.71‌
0
.25‌
0
.92‌
1
.17‌
(
0
.60‌
)
—‌
(
0
.60‌
)
10
.28‌
#
Unaudited
§
Consolidated
Financial
Highlights
(see
Notes
to
Financial
Statements)
a
Based
on
average
shares
outstanding.
b
Percentage
is
not
annualized.
c
Percentage
is
annualized.
d
Value
rounded
to
zero.
See
Notes
to
Financial
Statements
47
Ratios
and
Supplemental
Data
Ratios
to
Average
Net
Assets
Total
Return
b
Net
Assets,
End
of
Period
(000)
Gross
Expenses
Net
Expenses
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
5
.82‌
%
$
1,281‌
0
.97‌
%
c
0
.95‌
%
c
2
.56‌
%
c
20‌
%
3
.75‌
1,450‌
0
.97‌
0
.94‌
2
.46‌
29‌
(
13
.01‌
)
1,448‌
1
.10‌
0
.94‌
1
.68‌
39‌
(
0
.68‌
)
1,731‌
1
.49‌
0
.94‌
1
.12‌
37‌
1
.98‌
1,840‌
1
.09‌
0
.96‌
1
.08‌
50‌
11
.36‌
1,297‌
1
.17‌
0
.99‌
1
.50‌
51‌
6
.00‌
1,394‌
0
.72‌
c
0
.70‌
c
2
.82‌
c
20‌
3
.96‌
1,133‌
0
.70‌
0
.67‌
2
.74‌
29‌
(
12
.61‌
)
106‌
0
.69‌
0
.67‌
2
.10‌
39‌
(
0
.39‌
)
117‌
0
.68‌
0
.68‌
1
.38‌
37‌
2
.30‌
132‌
0
.64‌
0
.62‌
1
.42‌
50‌
11
.60‌
106‌
0
.70‌
0
.65‌
1
.85‌
51‌
6
.00‌
87‌
0
.81‌
c
0
.76‌
c
2
.76‌
c
20‌
3
.91‌
82‌
0
.80‌
0
.75‌
2
.65‌
29‌
(
12
.89‌
)
82‌
0
.78‌
0
.75‌
1
.86‌
39‌
(
0
.42‌
)
103‌
0
.80‌
0
.75‌
1
.31‌
37‌
2
.14‌
106‌
0
.80‌
0
.77‌
1
.28‌
50‌
11
.48‌
106‌
0
.83‌
0
.79‌
1
.71‌
51‌
5
.94‌
714‌
0
.64‌
c
0
.61‌
c
2
.90‌
c
20‌
4
.12‌
721‌
0
.63‌
0
.59‌
2
.81‌
29‌
(
12
.72‌
)
630‌
0
.61‌
0
.59‌
2
.03‌
39‌
(
0
.26‌
)
732‌
0
.60‌
0
.60‌
1
.46‌
37‌
2
.39‌
883‌
0
.62‌
0
.60‌
1
.43‌
50‌
11
.63‌
717‌
0
.67‌
0
.62‌
1
.87‌
51‌
5
.83‌
5,078‌
0
.88‌
c
0
.86‌
c
2
.66‌
c
20‌
3
.92‌
4,489‌
0
.87‌
0
.84‌
2
.55‌
29‌
(
12
.97‌
)
4,435‌
0
.86‌
0
.84‌
1
.77‌
39‌
(
0
.58‌
)
5,682‌
0
.84‌
0
.84‌
1
.21‌
37‌
2
.13‌
8,041‌
0
.87‌
0
.85‌
1
.18‌
50‌
11
.36‌
5,903‌
0
.91‌
0
.87‌
1
.62‌
51‌
6
.27‌
409,744‌
0
.63‌
c
0
.01‌
c
3
.50‌
c
20‌
4
.80‌
365,238‌
0
.62‌
0.00‌
3
.39‌
29‌
(
12
.23‌
)
369,347‌
0
.61‌
0.00‌
2
.60‌
39‌
0
.29‌
516,606‌
0
.59‌
0.00‌
2
.07‌
37‌
2
.95‌
427,813‌
0
.62‌
0.00‌
2
.05‌
50‌
12
.44‌
404,046‌
0
.66‌
0.00‌
2
.49‌
51‌
48
Notes
to
Financial
Statements
(Unaudited)
1.
General
Information
Trust
and
Fund
Information:
TIAA-CREF
Funds
(the
“Trust”)
is
an
open-end
management
investment
company
registered
under
the
Investment
Company
Act
of
1940,
(“1940
Act”),
as
amended.
The
Trust
is
comprised
of
the
following
(collectively
the
“Funds”
or
individually,
the
“Fund”),
among
others:
Fund
Name
Changes:
Effective
May
1,
2024,
each
Fund’s
name
changed
as
noted
above
and
therefore
all
references
to
the
names
of
the
Funds
in
this
report
have
been
updated.
Investment
Advisor:
Teachers
Advisors,
LLC
(the
“Adviser”),
a
wholly
owned
indirect
subsidiary
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”),
is
registered
with
the
SEC
as
an
investment
adviser
and
provides
investment
management
services
for
the
Funds.  
Share
Classes
and
Sales
Charges:
The
Funds
offer
up
to
six
share
classes,
although
any
one
Fund
may
not
necessarily
offer
all
six
classes.
The
Funds
may
offer
Class
A,
Class
I,
Premier
Class,
Class
R6,
Retirement
Class
and
Class
W
shares.
Each
class
differs
by
the
allocation
of
class-specific
expenses
and
voting
rights
in
matters
affecting
a
single
class.
The
Funds
offer
their
shares,
without
a
sales
load,
through
their
principal
underwriter,
Nuveen
Securities,
LLC
(“Nuveen
Securities”),
which
is
a
wholly
owned
indirect
subsidiary
of
TIAA.
Share
Class
Name
Changes:
Effective
May
6,
2024,
the
names
of
certain
share
classes
for
the
Funds
changed
and
therefore
all
references
to
the
names
of
these
share
classes
in
this
report
have
changed
as
follows:
Current
Fiscal
Period:
 The
end
of
the
reporting
period
for
the Funds
is
April
30,
2024,
and
the
period
covered
by
these
Notes
to
Financial
Statements
is
the
six
months
ended
April
30,
2024
(the
"current
fiscal
period").
2.
Significant
Accounting
Policies
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(“U.S.
GAAP”),
which
may
require
the
use
of
estimates
made
by
management
and
the
evaluation
of
subsequent
events.
Actual
results
may
differ
from
those
estimates.
The Funds
are
investment
companies
and
follow
the
accounting
guidance
in
the
Financial
Accounting
Standards
Board
(“FASB”)
Accounting
Standards
Codification
946,
Financial
Services
Investment
Companies
. The net
asset
value (“NAV”)
for
financial
reporting
purposes
may
differ
from
the NAV
for
processing
transactions.
The NAV
for
financial
reporting
purposes
includes
security
and shareholder
transactions
through
the
date
of
the
report.
Total
return
is
computed
based
on
the NAV
used
for
processing
transactions.
The
following
is
a
summary
of
the
significant
accounting
policies
consistently
followed
by
the
Funds.
Investments
and
Investment
Income:
Securities
transactions
are
accounted
for
as
of
the
trade
date
for
financial
reporting
purposes.
Interest
income
is
recorded
on
an
accrual
basis
and
includes
accretion
of
discounts
and
amortization
of
premiums.
Dividend
income
is
recorded
on
the
ex-dividend
date.
Foreign
dividend
income
is
recorded
on
the
ex-dividend
date
or
as
soon
as
possible
after
the Funds
determine
the
existence
of
a
dividend
declaration.
Securities
lending
income
is
comprised
of
fees
earned
from
borrowers
and
income
earned on
cash
collateral
investments. Realized
gains
and
losses
on
securities
transactions
are
based
upon
the
specific
identification
method.
Distributions
received
on
securities
that
represent
a
return
of
capital
or
capital
gains
are
recorded
as
a
reduction
of
cost
of
investments
and/or
as
a
realized
gain.
The
Funds estimate
the
components
of
distributions
received
that
may
be
considered
return
of
capital
distributions
or
capital
gain
distributions.
Multiclass
Operations
and
Allocations:
Income, expenses,
realized
gains
and
losses
and
unrealized
appreciation
and
depreciation
of
a
Fund
are
allocated
on
a
pro
rata
basis
to
each
class
of
shares,
except
for
service
agreement
fees,
distribution
fees
and
transfer
agency
fees
and
expenses, which
are
unique
to
each
class
of
shares.
Most
expenses
of
the
Trust
can
be
directly
attributed
to
a
Fund.
Expenses
that
cannot
be
directly
attributed
are
allocated
to
each
Fund
in
the
Trust
based
upon
the
average
net
assets
of
each
Fund.
Distributions
to
Shareholders:
Distributions
to
shareholders
are
recorded
on
the
ex-dividend
date.
The
amount,
character
and
timing
of
distributions
are
determined
in
accordance
with
federal
income
tax
regulations,
which
may
differ
from
U.S.
GAAP.
New
Name
Former
Name
Short
Name
Nuveen
Emerging
Markets
Debt
Fund
TIAA-CREF
Emerging
Markets
Debt
Fund
Emerging
Markets
Debt
Nuveen
International
Bond
Fund
TIAA-CREF
International
Bond
Fund
International
Bond
New
Name
Former
Name
Class
A
Retail
Class
Class
I
Advisor
Class
Class
R6
Institutional
Class
49
Foreign
Currency
Transactions
and
Translation:
The
books
and
records
of
the
Funds
are
maintained
in
U.S.
dollars.
Assets,
including
investments,
and
liabilities
denominated
in
foreign
currencies
are
translated
into
U.S.
dollars
at
the
end
of
each
day.
Purchases
and
sales
of
securities,
income,
and
expenses
are
translated
into
U.S.
dollars
at
the
prevailing
exchange
rate
on
the
respective
dates
of
the
transactions.
Net
realized
foreign
currency
gains
and
losses
resulting
from
changes
in
exchange
rates
associated
with
(i)
foreign
currency,
(ii)
investments
and
(iii)
derivatives
include
foreign
currency
gains
and
losses
between
trade
date
and
settlement
date
of
the
transactions,
foreign
currency
transactions,
and
the
difference
between
the
amounts
of
interest
and
dividends
recorded
on
the
books
of
the
Funds
and
the
amounts
actually
received
and
are
recognized
as
a
component
of
“Net
realized
gain
(loss)
from
foreign
currency
transactions”
on
the
Statement
of
Operations,
when
applicable. 
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
currency
exchange
rates
and
changes
in
foreign
exchange
rates
associated
with
(i)
investments
and
(ii)
other
assets
and
liabilities
are
recognized
as
a
component
of
“Change
in
unrealized
appreciation
(depreciation)
of
foreign
currency
translations”
on
the
Statement
of
Operations,
when
applicable.
The
unrealized
gains
and
losses
resulting
from
changes
in
foreign
exchange
rates
associated
with
investments
in
derivatives
are
recognized
as
a
component
of
the
respective
derivative’s
related “Change
in
unrealized
appreciation
(depreciation)”
on
the
Statement
of
Operations,
when
applicable. 
Foreign
Taxes:
The Funds
may
be
subject
to
foreign
taxes
on
income,
gains
on
investments
or
currency
repatriation,
a
portion
of
which
may
be
recoverable.
The Funds
will
accrue
such
taxes
and
recoveries
as
applicable,
based
upon
the
current
interpretation
of
tax
rules
and
regulations
that
exist
in
the
markets
in
which
the Funds
invest.
Compensation:
The
Funds pay
the
members
of
the
Board
of
Trustees
("Board"),
all
of
whom
are
independent,
certain
remuneration
for
their
services,
plus
travel
and
other
expenses.
The
Board
has
adopted
a
deferred
compensation
plan
for
independent
trustees
that
enables
trustees
to
elect
to
defer
receipt
of
all
or
a
portion
of
the
annual
compensation
they
are
entitled
to
receive
from
certain
Nuveen-advised
funds.
Under
the
plan,
deferred
amounts
are
treated
as
though
equal
dollar
amounts
had
been
invested
in
shares
of
select
Nuveen-advised
funds. Amounts
deferred
are
retained
by
the
Funds
until
paid.
Amounts
payable
to
the
trustees
for
compensation
are
included
separately
in the
accompanying
Statement
of
Assets
and
Liabilities.
Trustees’
fees,
including
any
deferred
compensation
incurred,
are
reflected
in
the
Statement
of
Operations.
Indemnification:
 Under
the
Trust's
organizational
documents,
its
officers
and
trustees
are
indemnified
against
certain
liabilities
arising
out
of
the
performance
of
their
duties
to
the
Trust.
In
addition,
in
the
normal
course
of
business,
the
Trust
enters
into
contracts
that
provide
general
indemnifications
to
other
parties.
The
Trust's
maximum
exposure
under
these
arrangements
is
unknown
as
this
would
involve
future
claims
that
may
be
made
against
the
Trust
that
have
not
yet
occurred.
However,
the
Trust
has
not
had
prior
claims
or
losses
pursuant
to
these
contracts
and
expects
the
risk
of
loss
to
be
remote.
Netting
Agreements:
In
the
ordinary
course
of
business,
the
Funds
may
enter
into
transactions
subject
to
enforceable
master
repurchase
agreements,
International
Swaps
and
Derivatives
Association,
Inc.
(ISDA)
master
agreements
or
other
similar
arrangements
(“netting
agreements”).
Generally,
the
right
to
offset
in
netting
agreements
allows
each
Fund
to
offset
certain
securities
and
derivatives
with
a
specific
counterparty,
when
applicable,
as
well
as
any
collateral
received
or
delivered
to
that
counterparty
based
on
the
terms
of
the
agreements.
Generally,
each
Fund
manages
its
cash
collateral
and
securities
collateral
on
a
counterparty
basis.
With
respect
to
certain
counterparties,
in
accordance
with
the
terms
of
the
netting
agreements,
collateral
posted
to
the
Funds
is
held
in
a
segregated
account
by
the
Funds’
custodian
and/or
with
respect
to
those
amounts
which
can
be
sold
or
repledged,
are
presented
in
the
Funds’
Portfolio
of
Investments
or
Statement
of
Assets
and
Liabilities.
The
Funds’
investments
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
if
any,
are
further
described
later
in
these
Notes
to
Financial
Statements.
Basis
for
Consolidation:
International
Bond is
presented
on
a
consolidated
basis
with
the Nuveen
International
Bond
Fund
Offshore
Limited
(the
“Regulation
S
Subsidiary”)
and
the Nuveen
International
Bond
Fund
Taxable
Offshore
Limited
(the
“TEFRA
Bond
Subsidiary”).
Both
the
Regulation
S
Subsidiary
and
TEFRA
Bond
Subsidiary
(the
“Subsidiaries”)
are
wholly
owned
subsidiaries
of 
International
Bond 
organized
under
the
laws
of
the
Cayman
Islands.
The
Regulation
S
Subsidiary
commenced
operations
on
March
1,
2017
and
is
intended
to
provide
the
Fund
with
exposure
to
Regulation
S
fixed
income
securities.
Regulation
S
securities
are
securities
of
U.S.
and
non-U.S.
issuers
that
are
issued
through
private
placement
transactions
with
the
SEC
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933,
as
amended.
The
TEFRA
Bond
Subsidiary
commenced
operations
on
September
1,
2022
and
is
intended
to
provide
the
Fund
with
exposure
to
TEFRA
fixed
income
securities.
TEFRA
securities
are
securities
that
are
sold
subject
to
selling
restrictions
generally
designed
to
restrict
the
purchase
of
such
bonds
to
non-U.S.
persons
(as
defined
for
applicable
U.S.
federal
income
tax
purposes).
Both
Subsidiaries
are
advised
by
the
Adviser
and
have
the
same
investment
objective
as
the
Fund
(except
that
the
Regulation
S
Subsidiary
may
invest
without
limitation
in
Regulation
S
securities
and
the
TEFRA
Bond
Subsidiary
may
invest
without
limitation
in
TEFRA
bonds).
All
inter-company
transactions
and
balances
have
been
eliminated.
Select
financial
information
related
to
the
Subsidiary
is
as
follows:
Notes
to
Financial
Statements
(Unaudited)
(continued)
50
3.
Investment
Valuation
and
Fair
Value
Measurements
The Funds'
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Adviser,
subject
to
oversight
of
the
Board.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
that
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.
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
management’s
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
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level 1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
A
description
of
the
valuation
techniques
applied
to
the Funds'
major
classifications
of
assets
and
liabilities
measured
at
fair
value
follows:
Prices
of
fixed-income
securities
are
provided
by
pricing
services
approved
by
the
Adviser,
which
is
subject
to
review
by
the
Adviser and
oversight
of
the Board.
Pricing
services establish
a
security’s
fair
value
using
methods
that
may
include consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
In
pricing
certain
securities,
particularly
less
liquid
and
lower
quality
securities,
pricing
services
may
consider
information
about
a
security,
its
issuer
or
market
activity
provided
by
the
Adviser.
These
securities
are
generally
classified
as
Level
2.
Equity
securities
and
exchange-traded
funds
listed
or
traded
on
a
national
market
or
exchange
are
valued
based
on
their
last
reported
sales
price
or
official
closing
price
of
such
market
or
exchange
on
the
valuation
date.
Foreign
equity
securities
and
registered
investment
companies
that
trade
on
a
foreign
exchange
are
valued
at
the
last
reported
sales
price
or
official
closing
price
on
the
principal
exchange
where
traded,
and
converted
to
U.S.
dollars
at
the
prevailing
rates
of
exchange
on
the
valuation
date.
For
events
affecting
the
value
of
foreign
securities
between
the
time
when
the
exchange
on
which
they
are
traded
closes
and
the
time
when
the Funds'
net
assets
are
calculated,
such
securities
will
be
valued
at
fair
value
in
accordance
with
procedures
adopted
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
To
the
extent
these
securities
are
actively
traded
and
no
valuation
adjustments
are
applied,
they
are
generally
classified
as
Level
1.
When
valuation
adjustments
are
applied
to
the
most
recent
last
sales
price
or
official
closing
price,
these
securities
are
generally
classified
as
Level
2. 
Forward
foreign
currency
contracts
are
valued
using
the
prevailing
forward
exchange
rate
which
is
derived
from
quotes
provided
by
the
pricing
service
using
the
procedures
approved
by
the
Adviser,
subject
to
the
oversight
of
the
Board,
and
are
classified
as
Level
2.
Repurchase
agreements
are
valued
at
contract
amount
plus
accrued
interest,
which
approximates
market
value.
These
securities
are
generally
classified
as
Level
2.
For
any
portfolio
security
or
derivative
for
which
market
quotations
are
not
readily
available
or
for
which
the
Adviser
deems
the
valuations
derived
using
the
valuation
procedures
described
above
not
to
reflect
fair
value,
the
Adviser
will
determine
a
fair
value
in
good
faith
using
alternative
procedures
approved
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
As
a
general
principle,
the
fair
value
of
a
security
is
the
amount
that
the
owner
might
reasonably
expect
to
receive
for
it
in
a
current
sale.
A
variety
of
factors
may
be
considered
in
determining
the
fair
value
of
such
securities,
which
may
include
consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
To
the
extent
the
inputs
are
observable
and
timely,
the
values
would
be
classified
as Level
2;
otherwise
they
would
be
classified
as
Level
3. 
Regulation
S
Subsidiary
TEFRA
Bond
Subsidiary
Total
market
value
of
investments
$40,267,244
$11,638,608
Net
assets
40,830,350
11,765,284
Net
investment
income
(loss)
536,705
169,733
Net
realized
gain
(loss)
(250,415)
224,650
Net
change
in
unrealized
appreciation
(depreciation)
(6,760,287)
(82,392)
%
of
Fund's
consolidated
net
assets
10%
3%
51
The
following
table
summarizes
the
market
value
of
the Funds’
investments
as
of
the
end
of
the
current
fiscal
period, based
on
the
inputs
used
to
value
them:
4.
Portfolio
Securities
Repurchase
Agreements:
In
connection
with
transactions
in
repurchase
agreements,
it
is
the Fund’s policy
that
its
custodian
take
possession
of
the
underlying
collateral
securities,
the
fair
value
of
which
exceeds
the
principal
amount
of
the
repurchase
transaction,
including
accrued
interest,
at
all
times.
If
the
counterparty
defaults,
and
the
fair
value
of
the
collateral
declines,
realization
of
the
collateral
may
be
delayed
or
limited.
The
following
table
presents
the
repurchase
agreements
for
the Funds
that
are
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
and
the
collateral
delivered
related
to
those
repurchase
agreements.
Securities
Lending:
Certain Funds
may
lend
their
securities
to
qualified
institutional
borrowers
to
earn
additional
income.
A
Fund receives
cash
collateral
and
non-cash
collateral
(in
the
form
of
Treasury
securities
or
other
collateral
permitted
by
applicable
law)
against
the
loaned
securities
and
maintains
collateral
in
an
amount
not
less
than
100%
of
the
market
value
of
loaned
securities
during
the
period
of
the
loan;
any
additional
collateral
required
due
to
changes
in
security
values
is
delivered
to
the Fund
the
next
business
day.
Cash
collateral
received
by the
Fund will
generally
be
invested
in
high-quality
short-term
instruments
or
in
one
or
more
funds
maintained
by
the
securities
lending
agent
(“Agent”)
for
the
purpose
of
investing
cash
collateral.
The
value
of
the
loaned
securities
and
the
liability
to
return
the
cash
collateral
received
are
reflected
in
the
Statement
of
Assets
and
Liabilities.
Non-cash
collateral
is
not
disclosed
in
the
Funds’
Statement
of
Assets
and
Liabilities
as
it
is
held
by
the Agent
or
by
a
third-party
bank
engaged
by
the
Agent
as
a
special
"tri-party" custodian on
behalf
of
the Funds,
and
the
Funds
do
not
have
the
ability
to
sell
or
re-hypothecate
those
securities.
Fund
Level
1
Level
2
Level
3
Total
Emerging
Markets
Debt
Long-Term
Investments
:
Bank
loan
obligations
$—
$1,835,179
$—
$1,835,179
Corporate
bonds
224,056,130
224,056,130
Government
bonds
270,592,638
270,592,638
Structured
assets
2,520,270
2,520,270
Common
stocks
12,508,808
443,996
12,952,804
Convertible
bonds
36,794
36,794
Short-Term
Investments
:
Repurchase
agreement
9,075,000
9,075,000
Treasury
debt
299,369
299,369
Investments
purchased
with
collateral
from
securities
lending
8,557,209
8,557,209
Investments
in
Derivatives
:
Forward
foreign
currency
contracts*
39,737
39,737
Total
$21,066,017
$506,342,049
$2,557,064
$529,965,130
1
1
1
1
1
International
Bond
Long-Term
Investments
:
Bank
loan
obligations
$—
$1,057,338
$—
$1,057,338
Corporate
bonds
86,315,849
688,920
87,004,769
Government
bonds
281,070,919
281,070,919
Structured
assets
19,383,352
19,383,352
Short-Term
Investments
:
Commercial
paper
8,390,718
8,390,718
Repurchase
agreement
7,310,000
7,310,000
Treasury
debt
5,761,534
5,761,534
Investments
purchased
with
collateral
from
securities
lending
534,616
534,616
Investments
in
Derivatives
:
Forward
foreign
currency
contracts*
3,036,749
3,036,749
Total
$534,616
$412,326,459
$688,920
$413,549,995
1
1
1
1
1
*
Represents
net
unrealized
appreciation
(depreciation).
Fund
Counterparty
Short-term
Investments,
at
Value
Collateral
Pledged
(From)
Counterparty
Emerging
Markets
Debt
Fixed
Income
Clearing
Corporation
$
9,075,000
$
9,256,604
International
Bond
Fixed
Income
Clearing
Corporation
7,310,000
7,456,268
Notes
to
Financial
Statements
(Unaudited)
(continued)
52
As
of
the
end
of
the
current
fiscal
period,
securities
lending
transactions are
for equity
and
fixed
income
securities,
and
the
resulting
loans
are
continuous,
can
be
recalled
at
any
time,
and
have
no
set
maturity.
Securities
lending
income
recognized
by
the
Funds consists
of
earnings
on
invested
collateral
and
lending
fees,
net
of
any
rebates
to
the
borrower
and
compensation
to
the
Agent.
Such
income
is
reflected
separately
in
the
Statement
of
Operations.
In
lending
its
securities,
a
Fund bears
the
market
risk
with
respect
to
the
investment
of
collateral
and
the
risk
that
the
Agent
may
default
on
its
contractual
obligations
to
the
Fund.
The
Agent
bears
the
risk
that
the
borrower
may
default
on
its
obligation
to
return
the
loaned
securities
as
the
Agent
is
contractually
obligated
to
indemnify
the
Fund if
at
the
time
of
a
default
by
a
borrower
some
or
all
of
the
loan
securities
have
not
been
returned. 
As
of
the
end
of
the
current
fiscal
period,
the
total
value
of
securities
on
loan
and
the
total
value
of
collateral
received
were
as
follows:
Zero
Coupon
Securities:
A
zero
coupon
security
does
not
pay
a
regular
interest
coupon
to
its
holders
during
the
life
of
the
security.
Income
to
the
holder
of
the
security
comes
from
accretion
of
the
difference
between
the
original
purchase
price
of
the
security
at
issuance
and
the
par
value
of
the
security
at
maturity
and
is
effectively
paid
at
maturity.
The
market
prices
of
zero
coupon
securities
generally
are
more
volatile
than
the
market
prices
of
securities
that
pay
interest
periodically.
Purchases
and
Sales:
 Long-term
purchases
and
sales
during
the
current
fiscal
period were
as
follows:
The Funds
may
purchase
securities
on
a
when-issued
or
delayed-delivery
basis.
Securities
purchased
on
a
when-issued
or
delayed-delivery
basis
may
have
extended
settlement
periods;
interest
income
is
not
accrued
until
settlement
date.
Any
securities
so
purchased
are
subject
to
market
fluctuation
during
this
period.
If
the
Funds have
when-issued/delayed-delivery
purchases
commitments
as
of
the
end
of
the
reporting
period,
such
amounts
are
recognized
on
the
Statement
of
Assets
and
Liabilities.
5.
Derivative
Investments
Each Fund is
authorized
to
invest
in
certain
derivative
instruments.
As
defined
by
U.S.
GAAP,
a
derivative is
a
financial
instrument
whose
value
is
derived
from
an
underlying
security
price,
foreign
exchange
rate,
interest
rate,
index
of
prices
or
rates,
or
other
variables.
Investments
in
derivatives
as
of
the
end
of
and/or
during
the
current
fiscal
period,
if
any,
are
included
within
the
Statement
of
Assets
and
Liabilities
and
the
Statement
of
Operations,
respectively.
Forward
Foreign
Currency
Contracts:
Certain Funds
may
use
forward
foreign
currency
contracts
("forward
contracts")
to
hedge portfolio
currency
risk
and
to
facilitate
transactions
in
securities
denominated in
foreign
currencies
in
the
normal
course
of
pursuing
their
investment
objectives.
A
forward
contract
is
an
agreement
between
two
parties
to
purchase
or
sell
a
specified
quantity
of
a
currency
at
or
before
a
specified
date
in
the
future
at
a
specified
price.
Non-deliverable
forward
foreign
currency
exchange
contracts
are
settled
with
the
counterparty
in
cash
without
the
delivery
of
foreign
currency.
Forward
contracts
are
typically
traded
in
the
over-the-counter
(“OTC”)
markets
and
all
details
of
the
contract
are
negotiated
between
the
counterparties
to
the
agreement.
Forward
contracts
are
marked-to-market
daily
and
any
resulting
unrealized
gains
or
losses
are
reflected
as
appreciation
or
depreciation
on
the
Statement
of
Assets
and
Liabilities.
The Funds
realize
gains
and
losses
at
the
time
the
forward
contracts
are
closed
and
are
included
on
the
Statement
of
Operations.
Risks
may
arise
upon
entering
into
forward
contracts
from
unanticipated
movements
in
the
value
of
a
foreign
currency
relative
to
the
U.S.
dollar;
and
that
losses
may
exceed
amounts
recognized
on
the
Statement
of
Assets
and
Liabilities.
The
average
notional
amount
of
forward
contracts
outstanding
during
the
current
fiscal
period
was
as
follows:
Aggregate
Value
of
Securities
on
Loan
Fund
Equity
Securities
Fixed
Income
Securities
Cash
Collateral
Received*
Non-Cash
Collateral
Received**
Total
Collateral
Received
Emerging
Markets
Debt
$8,239,597
$5,277,465
$8,557,209
$5,438,907
$13,996,116
International
Bond
516,933
534,616
534,616
*May
include
cash
and
investment
of
cash
collateral.
**As
of
the
end
of
the
current
fiscal
period,
the
non-cash
collateral
received
by
the
Funds
was
comprised
of
U.S.
Treasury
securities.
Fund
Non-U.S.
Government
Purchases
U.S.
Government
Purchases
Non-U.S.
Government
Sales
6.1
Emerging
Markets
Debt
$
105,719,743
$
$
57,758,433
6.2
International
Bond
100,755,906
1,719,098
65,868,056
Fund
Average
Notional
Amount
of
Forward
Contracts
Outstanding*
6.1
Emerging
Markets
Debt
$
6,131,210
6.2
International
Bond
323,442,698
*
The
average
notional
amount
is
calculated
based
on
the
outstanding
notional
amount
of
contracts
at
the
beginning
of
the
current
fiscal
period
and
at
the
end
of
each
fiscal
quarter
within
the
current
fiscal
period.
53
The
following
table
presents
the
forward
foreign
currency
contracts
subject
to
netting
agreements
and
the
collateral
delivered
related
to
those
forward
foreign
currency
contracts
as
of
the
end
of
the
reporting
period.
As
of the
end
of
the
reporting
period,
the
following Funds
have
invested
in
derivative
contracts
which
are
reflected
in
the
Statement
of
Assets
and
Liabilities
as
follows:
During
the
current
fiscal
period,
the
effect
of
derivative
contracts
on
the Funds'
Statement
of
Operations
was
as
follows:
6.
Fund
Shares
Transactions
in
Fund
shares
during
the
current
and
prior
fiscal
period
were
as
follows:
Fund
Counterparty
Gross
Unrealized
Appreciation
on
Forward
Foreign
Currency
Contracts*
Gross
Unrealized
Depreciation
on
Forward
Foreign
Currency
Contracts*
Net
Unrealized
Appreciation
(Depreciation)
on
Forward
Foreign
Currency
Contracts
Collateral
Pledged
to
(from)
Counterparty
Net
Exposure
Emerging
Markets
Debt
Morgan
Stanley
$39,737
$-
$39,737
$-
$39,737
International
Bond
Australia
and
New
Zealand
Banking
Group
$64,871
-
$64,871
-
$64,871
Bank
of
America,
N.A.
1,627,440
(10,097)
1,617,343
-
1,617,343
Citibank
N.A.
193,871
(152,457)
41,414
-
41,414
Citigroup
Global
Markets
60,202
-
60,202
-
60,202
Goldman
Sachs
1,797
-
1,797
-
1,797
Morgan
Stanley
1,194,739
(6,654)
1,188,085
-
1,188,085
Standard
Chartered
Bank
9,624
-
9,624
-
9,624
Toronto
Dominion
Bank
53,413
-
53,413
-
53,413
Total
$3,205,957
$
(169,208)
$3,036,749
$3,036,749
Asset
Derivatives
Liability
Derivatives
Derivative
Instrument
Risk
Exposure
Location
Value
Location
Value
Emerging
Markets
Debt
Forward
foreign
currency
contracts
Foreign
currency
exchange
rate
Unrealized
appreciation
on
forward
contracts
$
39,737
-
$
1
1
1
1
1
1
1
1
International
Bond
Forward
foreign
currency
contracts
Foreign
currency
exchange
rate
Unrealized
appreciation
on
forward
contracts
3,205,957
Unrealized
depreciation
on
forward
contracts
(169,208)
1
1
1
1
1
1
1
1
Derivative
Instrument
Risk
Exposure
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
6.1
Emerging
Markets
Debt
Forward
contracts
Foreign
currency
exchange
rate
$
$
26,973
6.2
International
Bond
Forward
contracts
Foreign
currency
exchange
rate
1,431,471
Notes
to
Financial
Statements
(Unaudited)
(continued)
54
7.
Income
Tax
Information
Each
Fund
is
a
separate
taxpayer
for
federal
income
tax
purposes.
Each
Fund
intends
to
distribute
substantially
all
of
its
net
investment
income
and
net
capital
gains
to
shareholders
and
otherwise
comply
with
the
requirements
of
Subchapter
M
of
the
Internal
Revenue
Code
applicable
to
regulated
investment
companies.
Therefore,
no
federal
income
tax
provision
is
required.
Each
Fund
files
income
tax
returns
in
U.S.
federal
and
applicable
state
and
local
jurisdictions.
A
Fund’s
federal
income
tax
returns
are
generally
subject
to
examination
for
a
period
of
three
fiscal
years
after
being
filed.
State
and
local
tax
returns
may
be
subject
to
examination
for
an
additional
period
of
time
depending
on
the
jurisdiction.
Management
has
analyzed
each
Fund’s
tax
positions
taken
for
all
open
tax
years
and
has
concluded
that
no
provision
for
income
tax
is
required
in
the
Fund’s
financial
statements.
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
6.1
Emerging
Markets
Debt
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
3,061,648
$
25,166,435
6,411,310
$
51,047,259
Class
I
813,950
6,686,774
379,912
3,048,845
Premier
Class
12
99
Class
R6
1,701,946
14,093,313
7,493,746
59,917,681
Retirement
Class
1,187,850
9,844,132
611,900
4,837,704
Class
W
5,033,464
41,866,796
6,999,927
55,552,177
Total
subscriptions
11,798,858
97,657,450
21,896,807
174,403,765
Reinvestments
of
distributions:
Class
A
40,026
329,744
101,212
793,979
Class
I
46,086
382,425
80,319
632,013
Premier
Class
27
210
Class
R6
288,743
2,385,997
451,577
3,546,330
Retirement
Class
61,406
507,477
118,377
928,258
Class
W
1
8
Total
reinvestments
of
distributions
436,261
3,605,643
751,513
5,900,798
Redemptions:
Class
A
(3,224,765)
(26,704,399)
(6,180,507)
(49,053,955)
Class
I
(194,411)
(1,588,704)
(1,573,468)
(12,528,733)
Premier
Class
(472)
(3,840)
Class
R6
(475,171)
(3,917,610)
(2,517,975)
(19,872,665)
Retirement
Class
(226,265)
(1,870,802)
(441,790)
(3,472,799)
Class
W
(3,470,367)
(28,440,788)
(22,462,781)
(177,133,203)
Total
redemptions
(7,591,451)
(62,526,143)
(33,176,521)
(262,061,355)
Net
increase
(decrease)
from
shareholder
transactions
4,643,668
$
38,736,950
(10,528,201)
$
(81,756,792)
Six
Months
Ended
4/30/24
Year
Ended
10/31/23
6.2
International
Bond
Shares
Amount
Shares
Amount
Subscriptions:
Class
A
10,734
$
89,688
19,165
$
151,747
Class
I
30,080
250,400
130,698
1,031,026
Premier
Class
Class
R6
16,379
137,033
12,280
91,077
Retirement
Class
157,724
1,302,405
112,099
889,836
Class
W
6,632,305
55,380,237
13,060,334
104,191,449
Total
subscriptions
6,847,222
57,159,763
13,334,576
106,355,135
Reinvestments
of
distributions:
Class
A
8,158
64,204
Class
I
248
2,038
152
1,199
Premier
Class
Class
R6
218
1,792
3,631
28,542
Retirement
Class
63
519
26,020
204,513
Class
W
Total
reinvestments
of
distributions
529
4,349
37,961
298,458
Redemptions:
Class
A
(41,089)
(339,976)
(25,718)
(204,416)
Class
I
(7,033)
(58,992)
(1,031)
(8,154)
Premier
Class
Class
R6
(22,332)
(186,722)
(4,070)
(32,418)
Retirement
Class
(118,895)
(993,291)
(127,433)
(1,010,938)
Class
W
(3,707,371)
(30,876,164)
(13,551,580)
(108,216,756)
Total
redemptions
(3,896,720)
(32,455,145)
(13,709,832)
(109,472,682)
Net
increase
(decrease)
from
shareholder
transactions
2,951,031
$
24,708,967
(337,295)
$
(2,819,089)
55
As
of
the
end
of
the
reporting
period,
the
aggregate
cost
and
the
net
unrealized
appreciation/(depreciation)
of
all
investments
for
federal
income
tax
purposes
were
as
follows:
For
purposes
of
this
disclosure,
tax
cost
generally
includes
the
cost
of
portfolio
investments
as
well
as
up-front
fees
or
premiums
exchanged
on
derivatives
and
any
amounts
unrealized
for
income
statement
reporting
but
realized
income
and/or
capital
gains
for
tax
reporting,
if
applicable. 
As
of
prior
fiscal
period end,
the
components
of
accumulated
earnings
on
a
tax
basis
were
as
follows:
As
of prior
fiscal
period end,
the
Funds
had
capital
loss
carryforwards,
which
will
not
expire:
8.
Investment
Adviser
and
Other
Transactions
with
Affiliates
Under
the
terms
of
the
Investment
Management
Agreement
with
respect
to
each
Fund, the
Adviser provides
asset
management
services
to
the
Fund
for
an
annual
fee,
payable
monthly.
The
Funds
have
entered
into
an
Administrative
Service
Agreement
with
the
Adviser
under
which
the
Funds
pay the
Adviser for
its
costs
in
providing
certain
administrative
and
compliance
services
to
the
Funds.
Each
Subsidiary
has
entered
into
an
investment
management
agreement
with
the
Adviser.
Under
these
agreements,
the
Adviser
provides
the
same
management
services
to
the
Subsidiaries
as
it
does
to
the
International
Bond
Fund.
Advisors
is
not
compensated
directly
by
the
Subsidiaries
for
their
services,
rather
they
are
provided
a
management
fee
on
the
average
net
assets
of
the
Fund
which
includes
investments
in
the
Subsidiaries.
The
Fund
bears
all
operating
expenses
of
the
Regulation
S
Subsidiary.
The
TEFRA
Bond
Subsidiary
bears
all
of
its
operating
expenses,
which
the
Fund
indirectly
bears
through
its
investments
in
the
TEFRA
Bond
Subsidiary. 
Under
the
terms
of
a
Retirement
Class
Service
Agreement
with
respect
to
each
Fund,
the
Retirement
Class
of
the
Fund
incurs
an
annual
fee
of
0.25%
of
the
daily
net
assets,
payable
monthly
to
the
Adviser,
for
certain
administrative
costs
associated
with
the
maintenance
of
Retirement
Class
shares
on
retirement
plan
or
other
platforms.
Substantially
all
of
the
Retirement
Class
shareholder
servicing
fees
reported
on
the
Statements
of
operations
are
paid
to
the
Adviser
under
the
Service
Agreement.
Under
the
terms
of
a
distribution
Rule
12b-1
plan,
Class
A
Shares
of
each
Fund
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to
the
Class
A
Shares
of
the
Fund
at
the
annual
rate
of
0.25%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Class
A
Shares.
The
Premier
Class
of
each
Fund
is
subject
to
a
distribution
Rule
12b-1
plan
that
compensates
Nuveen
Securities
for
providing
distribution,
promotional
and/or
shareholder
services
to
the
Premier
Class
of
the
Fund
at
the
annual
rate
of
0.15%
of
the
average
daily
net
assets
attributable
to
the
Fund’s
Premier
Class.
The
Adviser has
contractually
agreed
to
waive
and/or
reimburse
Class
W’s
shares’
Management
fees
and
Other
expenses
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses,
trustee
expenses
and
extraordinary
expenses)
in
their
entirety.
The
Adviser
expects
this
waiver
and/or
reimbursement
to
remain
in
effect
indefinitely,
unless
changed
or
terminated
with
approval
of
the
Board.
The
Management
fees
and
Other
expenses
of
Class
W
shares
that
have
been
waived
by the
Adviser may
be
incurred
directly
or
indirectly,
all
or
in
part,
by
investors
in
Class
W
shares.
The
Adviser
has
agreed
to
reimburse
each
Fund
if
its
total
expense
ratio
(excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
acquired
fund
fees
and
expenses
and
extraordinary
expenses)
exceeds
certain
percentages.
As
of
the
end
Fund
Tax
Cost
Gross
Unrealized
Appreciation
Gross
Unrealized
(Depreciation)
Net
Unrealized
Appreciation
(Depreciation)
6.1
Emerging
Markets
Debt
$602,648,208
$2,156,411
$(74,839,489)
$(72,683,078)
6.2
International
Bond
526,070,591
4,329,999
(64,254,824)
(59,924,825)
Fund
Undistributed
Ordinary
Income
Undistributed
Long-Term
Capital
Gains
Unrealized
Appreciation
(Depreciation)
Capital
Loss
Carryforwards
Late-Year
Loss
Deferrals
Other
Book-to-Tax
Differences
Total
6.1
Emerging
Markets
Debt
$4,137,228
$–
$(109,431,088)
$(38,723,637)
$–
$(11,619)
$(144,029,116)
6.2
International
Bond
1,670,862
(81,790,637)
(21,816,277)
(7,383)
(101,943,435)
Fund
Short-Term
Long-Term
Total
6.1
Emerging
Markets
Debt
$8,539,538
$30,184,099
$38,723,637
6.2
International
Bond
11,063,670
10,752,607
21,816,277
Notes
to
Financial
Statements
(Unaudited)
(continued)
56
of
the
current
fiscal
period,
the
investment
management
fee
and
maximum
expense
amounts
(after
waivers
and
reimbursements)
are
equal
to
the
following
noted
annual
percentage
of
average
daily
net
assets
for
each
class:
Effective
May
1,
2023,
for
a
one
year
period, the
Adviser agreed
to
voluntarily
waive
a
portion
of
the
investment
management
fee
and/or
the
expense
cap
for
certain
funds.
This
waiver
is
voluntary
in
nature
and
can
be
discontinued
at
any
time
without
prior
notice
to
shareholders
upon
Board
approval.
The
investment
management
fee
and
maximum
expense
amounts
(after
voluntary
waivers)
are
equal
to
the
following
noted
annual
percentage
of
average
daily
net
assets
for
each
class:
The Funds may
purchase
or
sell
investment
securities
in
transactions
with
affiliated
entities
under
procedures
adopted
by
the
Board,
pursuant
to
the
1940
Act.
These
transactions
are
effected
at
market
rates
without
incurring
broker
commissions.
During
the
current
fiscal
period,
the
Funds
did
not
engage
in
security
transactions
with
affiliated
entities. 
The
following
is
the
percentage
of
the
Funds'
shares
owned
by
affiliates
as
of
the
end
of
the
current
fiscal
period:
9.
Emerging
Markets
Risks
The
Emerging
Markets
Debt
Fund
holds
a
large
portion
of
its
assets
in
emerging
market
securities.
Emerging
market
securities
are
often
subject
to
greater
price
volatility,
less
liquidity
and
higher
rates
of
inflation
and
deflation
than
U.S.
securities.
In
addition,
emerging
markets
may
be
subject
to
greater
political,
economic
and
social
uncertainty,
and
differing
regulatory
environments
that
may
potentially
impact
the
Fund’s
ability
to
buy
or
sell
certain
securities
or
repatriate
proceeds
to
U.S.
dollars.
10.
Inter-Fund
Lending
Program
Pursuant
to
an
exemptive
order
issued
by
the
SEC,
the
Funds may
participate
in
an
inter-fund
lending
program.
This
program
allows
the
Funds to
lend
cash
to
and/or
borrow
cash
from
certain
other
affiliated
Funds for
temporary
purposes,
(e.g.,
to
satisfy
redemption
requests
or
to
cover
unanticipated
cash
shortfalls).
The
program
is
subject
to
a
number
of
conditions,
including
the
requirement
that
no
Fund may
borrow
or
lend
money
under
the
program
unless
it
receives
a
more
favorable
interest
rate
than
is
available
from
a
bank
or
other
financial
institution
for
a
comparable
transaction.
In
addition,
a
Fund may
participate
in
the
program
only
if
its
participation
is
consistent
with
the
Fund’s investment
policies
and
limitations
and
authorized
by
its
portfolio
manager(s).
During the current
fiscal
period,
there
were
no
inter-fund
borrowing
or
lending
transactions. 
Investment
Management
Fee
Range
Investment
Management
Fee-
Effective
Rate
Maximum
Expense
Amounts‡
Fund
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
6.1
Emerging
Markets
Debt*
0.450
%
—0.550
%
0.550
%
1.000
%
0.800
%
0.800
%
0.650
%
0.900
%
0.650
%
6.2
International
Bond*
0.400
%
—0.500
%
0.500
0.950
0.750
0.750
0.600
0.850
0.600
*
This
Fund
is
subject
to
a
breakpoint
schedule
on
its
investment
management
fee,
which
reduces
this
fee
as
the
Fund’s
net
assets
increase.
Maximum
expense
amounts
reflect
all
expenses
excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
Acquired
fund
fees
and
expenses
and
extraordinary
expenses.
The
expense
reimbursement
arrangements
will
continue
through
at
least
February
28,
2025.
The
reimbursement
arrangements
can
only
be
changed
with
the
approval
of
the
Board.
Investment
Management
Fee
Range
Maximum
Expense
Amounts‡
Fund
Class
A
Class
I
Premier
Class
Class
R6
Retirement
Class
Class
W
6.2
International
Bond*
0.400
%
—0.500
%
0.945
%
0.745
%
0.745
%
0.595
%
0.845
%
0.595
%
*
This
Fund
is
subject
to
a
breakpoint
schedule
on
its
investment
management
fee,
which
reduces
this
fee
as
the
Fund’s
net
assets
increase.
Maximum
expense
amounts
reflect
all
expenses
excluding
interest,
taxes,
brokerage
commissions
or
other
transactional
expenses,
Acquired
fund
fees
and
expenses
and
extraordinary
expenses.
The
reimbursement
arrangements
can
only
be
changed
with
the
approval
of
the
Board.
Underlying
Fund
Nuveen
Lifecycle
Funds
Total
6.1
Emerging
Markets
Debt
71
%
71
%
6.2
International
Bond
98
98
57
11.
Line
of
Credit
The Funds
participate
in
a
$1
billion
unsecured
revolving
credit
facility
that
can
be
used
for
temporary
purposes,
including,
without
limitation,
the
funding
of
shareholder
redemptions.
The
current
facility
was
entered
into
on
June
13,
2023
expiring
on
June
11,
2024,
replacing
the
previous facility,
which
expired
June
2023.
Certain
affiliated
accounts
and
mutual
funds,
each
of
which
is
managed
by the
Adviser,
or
an
affiliate
of
the
Adviser, also
participate
in
this
facility.
An
annual
commitment
fee
for
the
credit
facility
is
borne
by
the
participating
accounts
and
mutual
funds
on
a
pro
rata
basis.
Interest
associated
with
any
borrowing
under
the
facility
is
charged
to
the
borrowing
accounts
or
mutual
funds
at
a
specified
rate
of
interest.
The Funds are
not
liable
for
borrowings
under
the
facility
by
other
affiliated
accounts
or
mutual
funds.
There
were
no
borrowings
under
this
credit
facility
by
the
Funds during
the
current fiscal
period.
12.
Subsequent
Events
Administrative
Services
Agreement:
The
Adviser
has
agreed
to
gradually
reduce
expenses
allocated
to
the
Funds
under
the
Administrative
Services
Agreement
over
a
three-year
period
commencing
May
1,
2024.
After
the
expiration
of
this
three-year
period,
the
Adviser
will
no
longer
allocate
expenses
to
the
Funds
under
the
Administrative
Services
Agreement.
Management
Fees:
Effective
May
1,
2024,
the
management
fee
schedule
for
each
Fund,
consists
of
two
components:
a
Fund-level
fee,
based
only
on
the
amount
of
assets
within
a
Fund,
and
a
complex-level
fee,
based
on
the
aggregate
amount
of
all
eligible
assets
managed
by
the
Adviser
and
Nuveen
Fund
Advisors,
LLC
(“Nuveen
Fund
Advisors”).
As
of
May
1,
2024
for
each
Fund
subject
to
the
complex-level
fee,
each
breakpoint
in
each
Fund’s
investment
management
fee
breakpoint
schedule
effective
prior
to
May
1,
2024,
as
disclosed
in
the
investment
management
fee
ranges
in
Note
8,
was
reduced
by
0.1600%.
These
revised
investment
management
fee
breakpoint
schedules
constitute
each
Fund's
Fund-level
fee.
As
of
May
1,
2024
for
each
Fund
subject
to
the
complex-level
fee,
each
Fund’s
overall
complex-level
fee
begins
at
a
maximum
rate
of
0.1600%
of
a
Fund’s
average
daily
net
assets,
with
breakpoints
for
eligible
complex-level
assets
above
$124.3
billion.
Therefore,
the
maximum
management
fee
rate
for
each
such
Fund
is
the
Fund-level
fee
plus
0.1600%.
The
complex-level
fee
rate
for
each
Fund
is
determined
by
taking
the
current
overall
complex-level
fee
rate
and
applying
that
rate
to
all
eligible
assets
of
the
Fund.
With
respect
to
the
assets
of
each
Fund
that
are
not
eligible
assets,
those
assets
are
subject
to
the
maximum
complex-level
fee
rate
(0.1600%).
As
of
May
1,
2024,
11%
of
the
net
assets
of
each
Fund
are
eligible
assets,
and
that
percentage
will
increase
annually
until
May
1,
2033,
at
which
time
eligible
assets
will
include
all
of
the
net
assets
of
a
Fund.
The
current
overall
complex-level
fee
schedule
is
as
follows:
Complex
Level
Asset
Breakpoint
Level*
Complex
Level
Fee
For
the
first
$124.3
billion
0.1600%
For
the
next
$75.7
billion
0.1350
For
the
first
$200
billion
0.1325
For
eligible
assets
over
$400
billion
0.1300
`
*
The
complex-level
fee
is
calculated
based
upon
the
aggregate
daily
“eligible
assets”
of
all
Nuveen-branded
closed-end
funds
and
Nuveen-branded
open-end
funds
(“Nuveen
Mutual
Funds”).
Except
as
described
below,
eligible
assets
include
the
assets
of
all
Nuveen-branded
closed-end
funds
and
Nuveen
Mutual
Funds
organized
in
the
United
States.
Eligible
assets
do
not
include
the
net
assets
of:
Nuveen
fund-of-funds,
Nuveen
money
market
funds,
Nuveen
index
funds,
Nuveen
Large
Cap
Responsible
Equity
Fund
or
Nuveen
Life
Large
Cap
Responsible
Equity
Fund.
In
addition,
eligible
assets
include
a
fixed
percentage
of
the
aggregate
net
assets
of
the
active
equity
and
fixed
income
Nuveen
Mutual
Funds
advised
by
the
Adviser
(except
those
identified
above).
The
fixed
percentage
will
increase
annually
until
May
1,
2033,
at
which
time
eligible
assets
will
include
all
of
the
aggregate
net
assets
of
Adviser-advised
active
equity
and
fixed
income
Nuveen
Mutual
Funds
(except
those
identified
above).
Eligible
assets
include
closed-end
fund
assets
managed
by
Nuveen
Fund
Advisors
that
are
attributable
to
financial
leverage.
For
these
purposes,
financial
leverage
includes
the
closed-end
funds’
use
of
preferred
stock
and
borrowings
and
certain
investments
in
the
residual
interest
certificates
(also
called
inverse
floating
rate
securities)
in
tender
option
bond
(TOB)
trusts,
including
the
portion
of
assets
held
by
a
TOB
trust
that
has
been
effectively
financed
by
the
trust’s
issuance
of
floating
rate
securities,
subject
to
an
agreement
by
Nuveen
Fund
Advisors
as
to
certain
funds
to
limit
the
amount
of
such
assets
for
determining
eligible
assets
in
certain
circumstances.
Committed
Line
of
Credit:
During
June
2024,
the
Funds,
along
with
certain
other
funds
managed
by
the
Adviser
(“Participating
Funds”),
have
established
a
364-day,
$2.700
billion
standby
credit
facility
with
a
group
of
lenders,
under
which
the
Participating
Funds
may
borrow
for
temporary
purposes
(other
than
on-going
leveraging
for
investment
purposes),
and
replaces
the
previous
facility.
Each
Participating
Fund
is
allocated
a
designated
proportion
of
the
facility’s
capacity
(and
its
associated
costs,
as
described
below)
based
upon
a
multi-factor
assessment
of
the
likelihood
and
frequency
of
its
need
to
draw
on
the
facility,
the
size
of
the
Fund
and
its
anticipated
draws,
and
the
potential
importance
of
such
draws
to
the
operations
and
well-being
of
the
Fund,
relative
to
those
of
the
other
Funds.
A
Fund
may
effect
draws
on
the
facility
in
excess
of
its
designated
capacity
if
and
to
the
extent
that
other
Participating
Funds
have
undrawn
capacity.
The
credit
facility
expires
in
June
2025.
The
credit
facility
has
the
following
terms:
0.15%
per
annum
on
unused
commitment
amounts
and
a
drawn
interest
rate
equal
to
the
higher
of
(a)
OBFR
(Overnight
Bank
Funding
Rate)
plus
1.20%
per
annum
or
(b)
the
Fed
Funds
Effective
Rate
plus
1.20%
per
annum
on
amounts
borrowed.
Interest
expense
incurred
by
the
Participating
Funds,
when
applicable,
is
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations.
Participating
Funds
paid
administration,
legal
and
arrangement
fees,
which
are
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations,
and
along
with
commitment
fees,
have
been
Notes
to
Financial
Statements
(Unaudited)
(continued)
58
allocated
among
such
Participating
Funds
based
upon
the
relative
proportions
of
the
facility’s
aggregate
capacity
reserved
for
them
and
other
factors
deemed
relevant
by
the
Adviser
and
the
Board
of
each
Participating
Fund.
Shareholder
Meeting
Report
(Unaudited)
59
On
November
20,
2023,
at
a
special
meeting
of
International
Fixed-Income
Funds
shareholders,
the
following
persons
were
elected
to
serve
on
the
Board
of
Trustees:
Amy
B.
R.
Lancellotta,
Joanne
T.
Medero,
Albin
F.
Moschner,
Matthew
Thornton
III,
Terence
J.
Toth,
Margaret
L.
Wolff
and
Robert
L.
Young
were
elected
to
office.
Joseph
A.
Boateng,
Michael
A.
Forrester,
Thomas
J.
Kenny
and
Loren
M.
Starr
continued
in
office.
The
results
above
were
certified
by
Computershare
Fund
Services,
Inc.,
independent
tabulator
for
the
Nuveen
Funds.
Nominee
Shares
for
Percent
Shares
against
Percent
Shares
abstain
Percent
Joseph
A.
Boateng
7,867,205,687.722
97.811
63,973,498.504
0.795
112,105,650.721
1.394
Michael
A.
Forrester
7,873,729,461.057
97.892
59,739,021.744
0.743
109,816,354.146
1.365
Thomas
J.
Kenny
7,873,577,319.739
97.890
59,628,491.356
0.741
110,079,025.851
1.369
Amy
B.R.
Lancellotta
7,878,909,011.873
97.956
61,000,657.137
0.758
103,375,167.936
1.285
Joanne
T.
Medero
7,876,343,187.201
97.924
64,080,214.395
0.797
102,861,435.350
1.279
Albin
F.
Moschner
7,864,397,335.050
97.776
68,393,667.267
0.850
110,493,834.629
1.374
John
K.
Nelson
7,886,275,662.665
98.048
44,376,664.298
0.552
112,632,509.983
1.400
Loren
M.
Starr
7,894,997,953.803
98.156
42,187,698.178
0.525
106,099,184.965
1.319
Matthew
Thornton
III
7,886,183,390.754
98.047
46,175,035.497
0.574
110,926,410.695
1.379
Terence
J.
Toth
7,885,870,581.340
98.043
44,721,005.652
0.556
112,693,249.955
1.401
Margaret
L.
Wolff
7,878,323,371.788
97.949
61,940,121.572
0.770
103,021,343.586
1.281
Robert
L.
Young
7,887,121,209.624
98.058
43,556,830.170
0.542
112,606,797.152
1.400
Additional
Fund
Information
(Unaudited)
©2024
Teachers
Insurance
and
Annuity
Association
of
America—College
Retirement
Equities
Fund,
730
Third
Avenue,
New
York,
NY
10017-3206
60
Portfolio
holdings
The
TIAA-CREF
Funds
file
complete
portfolio
listings
with
the
Securities
and
Exchange
Commission
(SEC),
and
are
available
to
the
public.
You
can
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
holdings
(Portfolios
of
Investments)
as
of
the
most
recently
completed
fiscal
quarter
in
the
following
ways:
By
visiting
our
websites
at
TIAA.org
or
nuveen.com;
or
By
calling
us
at
800-842-2252
to
request
a
copy,
which
will
be
provided
free
of
charge.
You
can
also
obtain
a
complete
list
of
the
TIAA-CREF
Funds’
portfolios
of
investments
as
of
the
most
recently
completed
fiscal
quarter,
and
for
prior
quarter-ends,
from
our
SEC
Form
N-CSR
and
Form
N-PORT
filings.
Form
N-CSR
filings
are
as
of
October
31
or
April
30;
Form
N-PORT
filings
are
as
of
January
31
or
July
31.
Copies
of
these
forms
are
available:
Through
the
Electronic
Data
Gathering
and
Retrieval
System
(EDGAR)
on
the
SEC’s
website
at
sec.gov;
or
From
the
SEC’s
Office
of
Investor
Education
and
Advocacy.
Call
202-551-8090
for
more
information.
Proxy
voting
TIAA-CREF
Funds’
ownership
of
stock
gives
it
the
right
to
vote
on
proxy
issues
of
companies
in
which
it
invests.
A
description
of
our
proxy
voting
policies
and
procedures
can
be
found
on
our
website
at
TIAA.org
or
on
the
SEC’s
website
at
sec.gov.
You
can
also
call
us
at
800-842-2252
to
request
a
free
copy.
A
report
of
how
the
funds
voted
during
the
most
recently
completed
twelve-month
period
ended
June
30
can
be
found
on
our
website
or
on
Form
N-PX
at
sec.gov.
Contacting
TIAA
There
are
three
easy
ways
to
contact
us:
by
email,
using
the
Contact
Us
link
under
Get
Help
at
the
top
of
our
home
page;
by
mail
at
TIAA,
730
Third
Avenue,
New
York,
NY
10017-3206;
or
by
phone
at
800-842-2252.
Fund
management
The
TIAA-CREF
Funds
are
managed
by
the
portfolio
management
teams
of
Teachers
Advisors,
LLC.
The
members
of
these
teams
are
responsible
for
the
day-to-day
investment
management
of
the
funds.
You
should
carefully
consider
the
investment
objectives,
risks,
charges
and
expenses
of
any
fund
before
investing.
For
a
prospectus
that
contains
this
and
other
information,
please
visit
TIAA.org,
or
call
800-842-2252
for
Class
R6,
Class
I,
Premier
Class,
and
Retirement
Class
or
800-223-1200
for
Class
A
.
Please
read
the
prospectus
carefully
before
investing.
Investment,
insurance
and
annuity
products
are
not
Federal
Deposit
Insurance
Corporation
(FDIC)
insured,
are
not
bank
guaranteed,
are
not
bank
deposits,
are
not
insured
by
any
federal
government
agency,
are
not
a
condition
to
any
banking
service
or
activity,
and
may
lose
value.
Nuveen,
a
subsidiary
of
TIAA,
provides
investment
advice
and
portfolio
management
services
through
a
dozen
affiliated
registered
investment
advisers.
Nuveen
Securities,
LLC
and
TIAA-CREF
Individual
&
Institutional
Services,
LLC,
members
FINRA,
distribute
securities
products.
This
material
is
for
informational
or
educational
purposes
only
and
does
not
constitute
fiduciary
investment
advice
under
ERISA,
a
securities
recommendation
under
all
securities
laws,
or
an
insurance
product
recommendation
under
state
insurance
laws
or
regulations.
This
material
does
not
take
into
account
any
specific
objectives
or
circumstances
of
any
particular
investor,
or
suggest
any
specific
course
of
action.
Investment
decisions
should
be
made
based
on
an
investor’s
own
objectives
and
circumstances.
61
Liquidity
Risk
Management
Program
(Unaudited)
Discussion
of
the
operation
and
effectiveness
of
the
Funds’
liquidity
risk
management
program
In
compliance
with
Rule
22e-4
under
the
Investment
Company
Act
of
1940,
as
amended
(the
“Liquidity
Rule”),
each
series
of
the
Trust
covered
by
this
Report
(the
“Funds”)
has
adopted
and
implemented
a
liquidity
risk
management
program
(the
“Program”),
which
is
reasonably
designed
to
assess
and
manage
the
Funds’
liquidity
risk.
The
Program
consists
of
various
provisions
relating
to
assessing
and
managing
Fund
liquidity
risk,
as
discussed
further
below.
The
Funds’
Board
of
Trustees
(the
“Board”)
previously
approved
the
designation
of
Advisors
(the
“Administrator”)
as
Program
administrator.
The
Liquidity
Monitoring
and
Analysis
Team
(the
“LMAT”)
carries
out
day-to-day
Program
management
with
oversight
by
the
Liquidity
Oversight
Committee
(the
“LOSC”).
Personnel
from
the
Administrator
and
Nuveen
Fund
Advisors,
LLC,
an
affiliate
of
the
Administrator,
comprise
the
LMAT
and
LOSC.
At
a
May
14-16,
2024
Board
meeting,
the
Administrator
provided
the
Board
with
a
written
report
addressing
the
Program’s
operation,
adequacy,
and
effectiveness
of
implementation
for
the
period
from
January
1,
2023
through
December
31,
2023
(the
“Review
Period”),
as
required
under
the
Liquidity
Rule.
The
report
noted
that
the
Program
has
been
and
continues
to
be
adequately
and
effectively
implemented
to
monitor
and
(as
applicable)
respond
to
the
Funds’
liquidity
developments.
In
accordance
with
the
Program,
the
LMAT
assesses
each
Fund’s
liquidity
risk
no
less
frequently
than
annually
based
on
various
factors,
such
as
(i)
the
Fund’s
investment
strategy
and
the
liquidity
of
portfolio
investments,
(ii)
cash
flow
projections,
and
(iii)
holdings
of
cash
and
cash
equivalents
and
borrowing
arrangements
and
other
funding
sources.
Certain
factors
are
considered
under
both
normal
and
reasonably
foreseeable
stressed
conditions.
Each
Fund
portfolio
investment
is
classified
into
one
of
four
liquidity
categories
(including
“highly
liquid
investments”
and
“illiquid
investments,”
discussed
below).
The
classification
is
based
on
a
determination
of
how
long
it
is
reasonably
expected
to
take
to
convert
the
investment
into
cash,
or
sell
or
dispose
of
the
investment,
in
current
market
conditions
without
significantly
changing
the
market
value
of
the
investment.
Liquidity
classification
determinations
take
into
account
various
market,
trading,
and
investment-
specific
considerations,
as
well
as
market
depth,
and
utilize
third-party
vendor
data.
Any
Fund
that
does
not
primarily
hold
highly
liquid
investments
must,
among
other
things,
determine
a
minimum
percentage
of
Fund
net
assets
that
must
be
invested
in
highly
liquid
investments
(a
“Highly
Liquid
Investment
Minimum”).
During
the
Review
Period,
each
Fund
primarily
held
highly
liquid
investments
and
therefore
was
exempt
from
the
requirement
to
adopt
a
Highly
Liquid
Investment
Minimum
and
to
comply
with
the
related
requirements
under
the
Liquidity
Rule.
The
Liquidity
Rule
also
limits
the
Funds’
investments
in
illiquid
investments.
Specifically,
the
Liquidity
Rule
prohibits
acquisition
of
illiquid
investments
if
doing
so
would
result
in
the
Fund
holding
more
than
15%
of
its
net
assets
in
illiquid
investments
and
requires
certain
reporting
anytime
a
Fund’s
holdings
of
illiquid
investments
exceed
15%
of
net
assets.
During
the
Review
Period,
no
Fund
exceeded
the
15%
limit
on
illiquid
investments.
62
Approval
of
Investment
Management
Agreement
(Unaudited)
Nuveen
Emerging
Markets
Debt
Fund
(formerly,
TIAA-CREF
Emerging
Markets
Debt
Fund)
Nuveen
International
Bond
Fund
(formerly,
TIAA-CREF
International
Bond
Fund)
The
Approval
Process
At
meetings
held
on
April
18
and
19,
2024
(the
“Meeting”),
the
Board
of
Trustees
(collectively,
the
“Board”
and
each
Trustee,
a
“Board
Member”)
of
TIAA-CREF
Funds
(the
“Trust”)
approved,
for
each
applicable
series
of
the
Trust,
the
renewal
of
the
investment
management
agreement
with
Teachers
Advisors,
LLC
(“TAL”
and
TAL
is
an
“Adviser”)
pursuant
to
which
TAL
serves
as
investment
adviser
to
such
funds.
The
Board
Members
are
not
“interested
persons”
(as
defined
under
the
Investment
Company
Act
of
1940
(the
“1940
Act”))
and,
therefore,
the
Board
is
deemed
to
be
comprised
of
all
disinterested
Board
Members.
References
to
the
Board
and
the
Board
Members
are
interchangeable.
Below
is
a
summary
of
the
annual
review
process
the
Board
undertook
related
to
its
most
recent
renewal
of
the
investment
management
agreement
(each
an
“Advisory
Agreement”)
with
respect
to
each
series
covered
by
this
report
(the
“Funds”).
In
accordance
with
applicable
law,
following
up
to
an
initial
two-year
period,
the
Board
considers
the
renewal
of
each
Advisory
Agreement
on
behalf
of
the
applicable
Fund
on
an
annual
basis.
In
addition,
the
fund
complex
consists
of
the
group
of
funds
advised
by
TAL
(collectively
referred
to
as
the
“TC
funds”)
and
the
group
of
funds
advised
by
Nuveen
Fund
Advisors,
LLC
(“NFAL”
and
such
funds
are
collectively,
the
“Nuveen
funds”).
For
clarity,
TAL
serves
as
Adviser
to
the
TC
funds,
including
the
Funds,
and
NFAL
serves
as
“Adviser”
to
the
Nuveen
funds.
The
Board
Members
considered
that
the
prior
separate
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
Accordingly,
at
the
Meeting,
the
Board
Members
considered
the
review
of
the
advisory
agreements
for
the
TC
funds
as
well
as
reviewed
the
investment
management
agreements
and
sub-advisory
agreements
for
the
Nuveen
funds.
Depending
on
the
appropriate
context,
references
to
“the
Adviser”
may
be
to
TAL
with
respect
to
the
TC
funds
and/or
NFAL
with
respect
to
the
Nuveen
funds.
The
Board
Members
considered
the
review
of
the
advisory
agreements
of
the
TC
funds
and
the
Nuveen
funds
to
be
an
ongoing
process.
The
Board
Members
therefore
employed
the
accumulated
information,
knowledge
and
experience
they
had
gained
during
their
tenure
on
the
respective
board
of
the
TC
funds
or
Nuveen
funds
(as
the
case
may
be)
governing
the
applicable
funds
and
working
with
the
respective
investment
advisers
and
sub-advisers,
as
applicable,
in
their
review
of
the
advisory
agreements
for
the
fund
complex.
During
the
course
of
the
year
prior
to
the
Meeting,
the
Board
and/or
its
committees
received
a
wide
variety
of
materials
that
covered
a
range
of
topics
relevant
to
the
Board’s
annual
consideration
of
the
renewal
of
the
advisory
agreements,
including
reports
on
fund
investment
results
over
various
periods;
product
initiatives
for
various
funds;
fund
expenses;
compliance,
regulatory
and
risk
management
matters;
trading
practices
including
soft
dollar
arrangements
(as
applicable);
the
liquidity
and
derivatives
risk
management
programs;
management
of
distributions;
valuation
of
securities;
payments
to
financial
intermediaries,
including
12b-
1
expenses
(as
applicable);
securities
lending
(as
applicable);
and
overall
market
and
regulatory
developments.
The
Board
also
met
periodically
with
and/or
received
presentations
by
key
investment
professionals
managing
a
fund’s
portfolio.
In
particular,
at
the
Board
meeting
held
on
February
27-29,
2024
(the
“February
Meeting”),
the
Board
and/or
its
Investment
Committee
received
the
annual
performance
review
of
the
funds
as
described
in
further
detail
below.
The
presentations,
discussions
and
meetings
throughout
the
year
also
provide
a
means
for
the
Board
to
evaluate
and
consider
the
level,
breadth
and
quality
of
services
provided
by
the
Adviser
and
how
such
services
have
changed
over
time
in
light
of
new
or
modified
regulatory
requirements,
changes
to
market
conditions
or
other
factors.
In
connection
with
its
annual
consideration
of
the
advisory
agreements,
the
Board,
through
its
independent
legal
counsel,
requested
and
received
extensive
materials
and
information
prepared
specifically
for
its
review
of
the
advisory
agreements.
The
materials
provided
at
the
Meeting
and/or
prior
meetings
covered
a
wide
range
of
matters
including,
but
not
limited
to,
a
description
of
the
nature,
extent
and
quality
of
services
provided
by
the
Adviser;
the
consolidation
of
the
Nuveen
fund
family
and
TC
fund
family;
a
review
of
product
actions
advanced
in
2023
for
the
benefit
of
particular
funds
and/or
the
fund
complex;
a
review
of
the
applicable
investment
team;
an
analysis
of
fund
performance
with
a
focus
on
funds
considered
to
have
met
certain
challenged
performance
measurements;
an
analysis
of
the
fees
and
expense
ratios
of
the
funds
with
a
focus
on
funds
considered
to
have
certain
expense
characteristics;
a
list
of
management
fee
schedules;
a
review
of
contractual
and/or
voluntary
expense
caps
and
fee
waivers
for
the
TC
funds;
a
description
of
portfolio
manager
compensation;
a
description
of
the
profitability
and/or
financial
data
of
Nuveen
and
TAL;
and
a
description
of
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationships
with
the
funds.
The
Board
also
considered
information
provided
by
Broadridge
Financial
Solutions,
Inc.
(“Broadridge”),
an
independent
provider
of
investment
company
data,
comparing
fee
and
expense
levels
of
each
respective
fund
to
those
of
a
peer
universe
and,
with
respect
to
open-end
funds,
also
to
a
peer
group
of
funds
selected
by
Broadridge,
subject
to
certain
exceptions.
63
The
information
prepared
specifically
for
the
annual
review
supplemented
the
information
provided
to
the
Board
and
its
committees
and
the
evaluations
of
the
funds
by
the
Board
and
its
committees
during
the
year.
The
Board’s
review
of
the
advisory
agreements
for
the
fund
complex
is
based
on
all
the
information
provided
to
the
Board
and
its
committees
over
time.
The
performance,
fee
and
expense
data
and
other
information
provided
by
the
Adviser,
Broadridge
or
other
service
providers
were
not
independently
verified
by
the
Board
Members.
As
part
of
their
review,
the
Board
Members
and
independent
legal
counsel
met
by
videoconference
in
executive
session
on
April
10,
2024
(the
“April
Executive
Session”)
to
review
and
discuss
materials
provided
in
connection
with
their
annual
review
of
the
advisory
agreements
for
the
fund
complex.
After
reviewing
this
information,
the
Board
Members
requested,
directly
or
through
independent
legal
counsel,
additional
information,
and
the
Board
subsequently
reviewed
and
discussed
the
responses
to
these
follow-up
questions
and
requests.
The
Board
Members
were
advised
by
independent
legal
counsel
during
the
annual
review
process
as
well
as
throughout
the
year,
including
meeting
in
executive
sessions
with
such
counsel
at
which
no
representatives
of
management
were
present.
In
connection
with
their
annual
review,
the
Board
Members
also
received
a
memorandum
from
independent
legal
counsel
outlining
their
fiduciary
duties
and
legal
standards
in
reviewing
the
Advisory
Agreements,
including
guidance
from
court
cases
evaluating
advisory
fees.
The
Board’s
decisions
to
renew
each
Advisory
Agreement
were
not
based
on
a
single
identified
factor,
but
rather
each
decision
reflected
the
comprehensive
consideration
of
all
the
information
provided
to
the
Board
and
its
committees
throughout
the
year
as
well
as
the
materials
prepared
specifically
in
connection
with
the
annual
review
process.
The
contractual
arrangements
may
reflect
the
results
of
prior
year(s)
of
review,
negotiation
and
information
provided
in
connection
with
the
Board’s
annual
review
of
the
funds’
advisory
arrangements
and
oversight
of
the
funds.
Each
Board
Member
may
have
attributed
different
levels
of
importance
to
the
various
factors
and
information
considered
in
connection
with
the
annual
review
process
and
may
have
placed
different
emphasis
on
the
relevant
information
year
to
year
in
light
of,
among
other
things,
changing
market
and
economic
conditions.
A
summary
of
the
principal
factors
and
information,
but
not
all
the
factors,
the
Board
considered
in
deciding
to
renew
the
Advisory
Agreements
is
set
forth
below.
Nature,
Extent
and
Quality
of
Services
In
evaluating
the
renewal
of
the
Advisory
Agreements,
the
Board
Members
received
and
considered
information
regarding
the
nature,
extent
and
quality
of
the
Adviser’s
services
provided
to
each
respective
Fund
with
particular
focus
on
the
services
and
enhancements
or
changes
to
such
services
provided
during
the
last
year.
The
Board
considered
that
the
Adviser
provides
a
wide
array
of
management,
oversight
and
other
services
to
manage
and
operate
the
applicable
funds.
The
Board
considered
the
Adviser’s
and
its
affiliates’
dedication
of
resources,
time,
people
and
capital
as
well
as
continual
program
of
improvement
and
innovation
aimed
at
enhancing
the
funds
and
fund
complex
for
investors
and
meeting
the
needs
of
an
increasingly
complex
regulatory
environment.
In
particular,
over
the
past
several
years,
the
Board
considered
the
significant
resources,
both
financial
and
personnel,
the
Adviser
and
its
affiliates
have
committed
in
working
to
consolidate
the
Nuveen
fund
family
and
TC
fund
family
under
one
centralized
umbrella.
The
Board
considered
that
the
organizational
changes
in
bringing
together
Nuveen,
its
affiliates
and
TIAA’s
(as
defined
below)
asset
management
businesses,
consolidating
the
Nuveen
and
TC
fund
families
and
other
initiatives
were
anticipated
to
provide
various
benefits
for
the
funds
through,
among
other
things,
enhanced
operating
efficiencies,
centralized
investment
leadership
and
a
centralized
shared
resources
and
support
model.
As
part
of
these
efforts,
the
boards
of
the
TC
funds
and
Nuveen
funds
were
consolidated
effective
in
January
2024.
In
addition,
in
conjunction
with
these
consolidation
efforts,
the
Board
approved
at
the
Meeting
changes
to
fee
and
breakpoint
structures
that
could
provide
cost
savings
to
participating
funds,
as
described
in
further
detail
below.
The
Board
also
reviewed
information
regarding
other
product
actions
undertaken
or
continued
by
management
in
the
2023
calendar
year
in
seeking
to
improve
the
effectiveness
of
the
organization,
the
product
line-up
as
well
as
particular
funds
through,
among
other
things,
continuing
to
review
and
optimize
the
product
line
and
gaining
efficiencies
through
mergers
and
liquidations;
reviewing
and
updating
investment
policies
and
benchmarks;
implementing
fee
waivers
and/or
expense
cap
changes
for
certain
funds;
evaluating
and
adjusting
portfolio
management
teams
as
appropriate
for
various
funds;
and
developing
policy
positions
on
a
broad
range
of
regulatory
proposals
that
may
impact
the
funds
and
communicating
with
lawmakers
and
other
regulatory
authorities
to
help
ensure
these
positions
are
considered.
In
its
review,
the
Board
considered
that
the
funds
operated
in
a
highly
regulated
industry
and
the
scope
and
complexity
of
the
services
and
resources
that
the
Adviser
and
its
affiliates
must
provide
to
manage
and
operate
the
applicable
funds
have
expanded
over
the
years
as
a
result
of,
among
other
things,
regulatory,
market
and
other
developments,
such
as
the
adoption
of
the
tailored
shareholder
report
or
the
revised
fund
name
rule.
64
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
In
considering
the
breadth
and
quality
of
services
TAL
and
its
various
teams
provide
with
respect
to
the
TC
funds,
the
Board
considered
that
TAL
is
responsible
for
providing
various
types
of
investment
advisory
services,
including,
among
other
things,
furnishing
an
investment
program
for
each
TC
fund;
managing
the
assets
of
such
funds,
including
conducting
research,
identifying
investments
and
placing
orders
for
the
purchase
or
sale
of
the
portfolio
investments
for
the
fund;
and
evaluating
fund
performance
and
implementing
changes
thereto.
The
Board
further
considered
that
over
the
course
of
the
2023
calendar
year,
the
Nuveen
global
public
product
team
which
supports
the
funds
in
the
fund
complex
and
their
shareholders
assessed
the
investment
personnel
across
the
investment
leadership
teams
which
resulted
in
additions
or
other
modifications
to
the
portfolio
management
teams
of
various
funds.
The
Board
also
reviewed
a
description
of
the
compensation
structure
applicable
to
certain
portfolio
managers.
In
addition
to
the
above
investment
advisory
services,
the
Board
further
considered
the
extensive
compliance,
regulatory,
administrative
and
other
services
the
Adviser
and
its
various
teams
or
affiliates
provide
to
manage
and
operate
the
applicable
funds.
Given
the
highly
regulated
industry
in
which
the
funds
operate,
the
Board
considered
the
breadth
of
the
Adviser’s
compliance
program
and
related
policies
and
procedures.
The
Board
reviewed
various
initiatives
the
Adviser’s
compliance
team
undertook
or
continued
in
2023,
in
part,
to
address
new
regulatory
requirements,
support
international
business
growth
and
product
development,
enhance
international
trading
capabilities,
enhance
monitoring
capabilities
in
light
of
the
new
regulatory
requirements
and
guidance
and
maintain
a
comprehensive
training
program.
The
Board
further
considered,
among
other
things,
that
other
non-advisory
services
provided
included,
among
other
things,
board
support
and
reporting;
establishing
and
reviewing
the
services
provided
by
other
fund
service
providers
(such
as
a
fund’s
custodian,
accountant,
and
transfer
agent);
risk
management,
including
reviews
of
the
liquidity
risk
management
and
derivatives
risk
management
programs;
legal
support
services;
regulatory
advocacy;
and
cybersecurity,
business
continuity
and
disaster
recovery
planning
and
testing.
With
respect
to
the
TC
funds,
the
Board
considered
that
certain
non-investment
and
non-distribution
services
were
provided
by
TAL
or
its
affiliates
pursuant
to
a
separate
administrative
agreement;
however,
given
the
consolidation
of
the
TC
funds
and
Nuveen
funds
with
the
centralization
of
services
and
resources,
such
administrative
agreement
was
anticipated
to
be
phased
out
over
a
three-year
period
with
the
administrative
services
for
the
Funds
to
be
provided
under
the
respective
Advisory
Agreements
at
no
additional
cost.
Aside
from
the
services
provided,
the
Board
considered
the
financial
resources
of
the
Adviser
and/or
its
affiliates
and
their
willingness
to
make
investments
in
the
technology,
personnel
and
infrastructure
to
support
the
funds,
including
to
enhance
global
talent,
middle
office
systems,
software
and
international
and
internal
capabilities.
The
Board
considered
the
access
provided
by
the
Adviser
and
its
affiliates
to
a
seed
capital
budget
to
support
new
or
existing
funds
and/or
facilitate
changes
for
a
respective
fund.
The
Board
considered
the
benefits
to
shareholders
of
investing
in
a
fund
that
is
a
part
of
a
large
fund
complex
with
a
variety
of
investment
disciplines,
capabilities,
expertise
and
resources
available
to
navigate
and
support
the
funds
including
during
stressed
times.
The
Board
considered
the
overall
reputation
and
capabilities
of
the
Adviser
and
its
affiliates
and
the
Adviser’s
continuing
commitment
to
provide
high
quality
services.
In
its
review,
the
Board
also
considered
the
significant
risks
borne
by
the
Adviser
and
its
affiliates
in
connection
with
their
services
to
the
applicable
funds,
including
entrepreneurial
risks
in
sponsoring
and
supporting
new
funds
and
smaller
funds
and
ongoing
risks
with
managing
the
funds
such
as
investment,
operational,
reputational,
regulatory,
compliance
and
litigation
risks.
Based
on
its
review,
the
Board
determined,
in
the
exercise
of
its
reasonable
business
judgment,
that
it
was
satisfied
with
the
nature,
extent
and
quality
of
services
provided
to
the
respective
Funds
under
each
applicable
Advisory
Agreement.
The
Investment
Performance
of
the
Funds
and
Adviser
In
evaluating
the
quality
of
the
services
provided
by
the
Adviser,
the
Board
also
considered
a
variety
of
investment
performance
data
of
the
Funds.
In
this
regard,
the
Board
and/or
its
Investment
Committee
reviewed,
among
other
things,
performance
of
the
Funds
over
the
quarter,
one-,
three-
and
five-year
periods
ending
December 31,
2023
and
March 31,
2024.
For
those
Funds
with
multiple
share
classes,
the
performance
data
was
based
on
Class
I
shares;
however,
the
performance
of
other
share
classes
was
substantially
similar
as
those
other
share
classes
invest
in
the
same
portfolio
of
securities
and
differences
in
performance
among
the
classes
would
be
principally
attributed
to
the
variations
in
the
expense
structures
of
the
share
classes.
The
Board
performed
its
annual
review
of
fund
performance
at
its
February
Meeting
and
an
additional
review
at
the
April
Executive
Session
and
also
reviewed
and
discussed
performance
data
at
its
other
regularly
scheduled
quarterly
meetings
throughout
the
year.
The
Board
therefore
took
into
account
the
performance
data,
presentations
and
discussions
(written
and
oral)
that
were
provided
at
the
Meeting
and
in
prior
meetings
over
time
in
evaluating
fund
performance,
including
management’s
analysis
of
a
fund’s
performance
with
particular
focus
on
funds
that
met
certain
challenged
performance
measurements
as
determined
pursuant
to
a
methodology
approved
by
the
Board
or
additional
measurements
as
determined
by
management’s
investment
analysts.
As
various
funds
have
modified
their
portfolio
teams
and/or
made
significant
changes
to
their
portfolio
strategies
over
time,
the
Board
reviewed,
among
other
things,
certain
tracking
performance
data
over
specific
periods
comparing
performance
before
and
after
such
changes.
The
Board
considered
that
performance
data
reflects
performance
over
a
specified
period
which
may
differ
significantly
depending
on
the
ending
dates
selected,
particularly
during
periods
of
market
volatility.
Further,
the
Board
considered
that
shareholders
may
evaluate
performance
based
on
their
own
respective
holding
periods
which
may
differ
from
the
performance
periods
reviewed
by
the
Board
and
lead
to
differing
results.
65
In
its
evaluation,
the
Board
reviewed
fund
performance
results
from
different
perspectives.
In
general,
subject
to
certain
exceptions,
the
Board
reviewed
both
absolute
and
relative
fund
performance
over
the
various
time
periods
and
considered
performance
results
in
light
of
a
fund’s
investment
objective(s),
strategies
and
risks.
With
respect
to
the
relative
performance,
the
Board
considered
fund
performance
in
comparison
to
the
performance
of
peer
funds
(the
“Performance
Peer
Group”),
subject
to
certain
exceptions,
and
recognized
and/or
customized
benchmarks
(i.e.,
generally
benchmarks
derived
from
multiple
recognized
benchmarks).
In
reviewing
such
comparative
performance,
the
Board
was
cognizant
of
the
inherent
limitations
of
such
data
which
can
make
meaningful
performance
comparisons
generally
difficult.
As
an
illustration,
differences
in
the
composition
of
the
Performance
Peer
Group,
the
investment
objective(s),
strategies,
dates
of
fund
inception
and
other
characteristics
of
the
peers
in
the
Performance
Peer
Group,
and
the
varying
sizes
of
peers
all
may
contribute
to
differences
in
the
performance
results
of
a
Performance
Peer
Group
compared
to
the
applicable
fund.
With
respect
to
relative
performance
of
a
fund
compared
to
a
benchmark
index,
differences,
among
other
things,
in
the
investment
objective(s)
and
strategies
of
a
fund
and
the
benchmark
(particularly
an
actively
managed
fund
that
does
not
directly
follow
an
index)
as
well
as
the
costs
of
operating
a
fund
would
necessarily
contribute
to
differences
in
performance
results
and
limit
the
value
of
the
comparative
performance
information.
To
assist
the
Board
in
its
review
of
the
comparability
of
the
relative
performance,
management
generally
has
ranked
the
relevancy
of
the
Performance
Peer
Groups
to
the
Funds
as
low,
medium
or
high,
subject
to
certain
exceptions.
In
its
review
of
relative
performance,
the
Board
considered
a
Fund’s
performance
relative
to
its
Performance
Peer
Group,
among
other
things,
by
evaluating
its
quartile
ranking
with
the
1st
quartile
representing
the
top
performing
funds
within
the
Performance
Peer
Group
and
the
4th
quartile
representing
the
lowest
performing
funds.
The
Board
evaluated
performance
in
light
of
various
relevant
factors
which
may
include,
among
other
things,
general
market
conditions,
issuer-specific
information,
asset
class
information,
leverage
and
fund
cash
flows.
The
Board
considered
that
long-term
performance
could
be
impacted
by
even
one
period
of
significant
outperformance
or
underperformance
and
that
a
single
investment
theme
could
disproportionately
affect
performance.
Further,
the
Board
considered
that
market
and
economic
conditions
may
significantly
impact
a
fund’s
performance,
particularly
over
shorter
periods,
and
such
performance
may
be
more
reflective
of
such
economic
or
market
events
and
not
necessarily
reflective
of
management
skill.
Although
the
Board
reviews
short-,
intermediate-
and
longer-term
performance
data,
the
Board
considered
that
longer
periods
of
performance
may
reflect
full
market
cycles.
In
their
review
from
year
to
year,
the
Board
Members
consider
and
may
place
different
emphasis
on
the
relevant
information
in
light
of
changing
circumstances
in
market
and
economic
conditions.
In
evaluating
performance,
the
Board
focused
particular
attention
on
funds
with
less
favorable
performance
records.
However,
depending
on
the
facts
and
circumstances
including
any
differences
between
the
respective
fund
and
its
benchmark
and/or
Performance
Peer
Group,
the
Board
may
be
satisfied
with
a
fund’s
performance
notwithstanding
that
its
performance
may
be
below
that
of
its
benchmark
and/or
peer
group
for
certain
periods.
With
respect
to
any
funds
for
which
the
Board
has
identified
performance
issues,
the
Board
seeks
to
monitor
such
funds
more
closely
until
performance
improves,
discuss
with
the
Adviser
the
reasons
for
such
results,
consider
whether
any
steps
are
necessary
or
appropriate
to
address
such
issues,
discuss
and
evaluate
the
potential
consequences
of
such
steps
and
review
the
results
of
any
steps
undertaken.
The
performance
determinations
with
respect
to
each
Fund
are
summarized
below.
For
Nuveen
Emerging
Markets
Debt
Fund
(formerly,
TIAA-CREF
Emerging
Markets
Debt
Fund),
the
Board
considered
that
the
Fund
outperformed
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024.
The
Fund
also
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-year
period
and
first
quartile
for
the
three-
and
five-
year
periods
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
For
Nuveen
International
Bond
Fund
(formerly,
TIAA-CREF
International
Bond
Fund),
the
Board
considered
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
three-year
periods
ended
December
31,
2023
and
March
31,
2024,
the
Fund
outperformed
its
benchmark
for
the
one-
and
five-year
periods
ended
December
31,
2023
and
March
31,
2024,
respectively.
The
Fund
also
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-
and
five-year
periods
and
second
quartile
for
the
three-year
period
ended
December
31,
2023.
In
addition,
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2024.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreement.
66
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
Fees,
Expenses
and
Profitability
Fees
and
Expenses
As
part
of
its
annual
review,
the
Board
generally
reviewed,
among
other
things,
the
contractual
management
fee
and
net/actual
management
fee
(i.e.,
the
management
fee
after
taking
into
consideration
fee
waivers
and/or
expense
reimbursements,
if
any)
paid
by
a
Fund
to
the
Adviser
in
light
of
the
nature,
extent
and
quality
of
the
services
provided.
The
Board
also
reviewed
information
about
other
expenses
and
the
total
operating
expense
ratio
of
each
Fund
(after
any
fee
waivers
and/or
expense
reimbursements).
More
specifically,
the
Board
Members
reviewed,
among
other
things,
each
Fund’s
management
fee
rates
and
net
total
expense
ratio
in
relation
to
similar
data
for
a
comparable
universe
of
funds
(the
“Expense
Universe”)
and
with
respect
to
open-end
funds,
for
a
more
focused
subset
of
comparable
funds
(the
“Expense
Group”)
established
by
Broadridge
(subject
to
certain
exceptions).
The
Board
Members
reviewed
the
methodology
Broadridge
employed
to
establish
its
Expense
Universe
and
Expense
Group
(as
applicable)
and
considered
that
differences
between
the
applicable
fund
and
its
respective
Expense
Universe
and/or
Expense
Group,
as
well
as
changes
to
the
composition
of
the
Expense
Universe
and/or
Expense
Group
from
year
to
year,
may
limit
some
of
the
value
of
the
comparative
data.
The
Board
Members
also
considered
that
it
can
be
difficult
to
compare
management
fees
among
funds
as
there
are
variations
in
the
services
that
are
included
for
the
fees
paid.
The
Board
Members
took
these
limitations
and
differences
into
account
when
reviewing
comparative
peer
data.
The
Board
Members
also
considered
a
fund’s
operating
expense
ratio
as
it
more
directly
reflected
a
shareholder’s
total
costs
in
investing
in
the
respective
fund.
In
their
review,
the
Board
Members
considered,
in
particular,
each
fund
with
a
net
total
expense
ratio
meeting
certain
expense
or
fee
criteria
when
compared
to
its
Expense
Universe
and
Expense
Group
(if
any)
and
an
analysis
as
to
the
factors
contributing
to
each
such
fund’s
relative
net
total
expense
ratio.
The
Board
Members
also
considered,
in
relevant
part,
a
Fund’s
management
fee
and
net
total
expense
ratio
in
light
of
the
Fund’s
performance
history,
including
reviewing
certain
funds
identified
by
management
and/or
the
Board
as
having
a
higher
net
total
expense
ratio
or
management
fee
compared
to
their
respective
peers
coupled
with
experiencing
periods
of
challenged
performance
and
considering
the
reasons
for
such
comparative
positions.
In
their
evaluation
of
the
fee
arrangements
for
the
Funds,
the
Board
Members
also
reviewed
the
management
fee
schedules
and
the
expense
reimbursements
and/or
fee
waivers
agreed
to
by
the
Adviser
for
the
respective
fund
(if
any).
In
its
review,
the
Board
considered
that
the
management
fees
of
the
Nuveen
funds
were
generally
comprised
of
two
components,
a
fund-level
component
and
a
complex-level
component,
each
with
its
own
breakpoint
schedule,
subject
to
certain
exceptions.
The
Board
considered
that
the
complex-level
component
is
intended
to
be
an
efficient
mechanism
designed
to
help
share
cost
efficiencies
with
shareholders
as
the
complex-wide
assets
grow.
To
extend
the
ability
to
share
in
savings
as
complex
assets
increase
to
the
TC
funds,
the
Board
approved
changes
to
the
management
fee
schedule
of
certain
TC
funds,
including
the
Funds,
(rebranded
under
the
Nuveen
name
effective
May
1,
2024)
to
include
a
complex-wide
fee
component
with
corresponding
changes
to
the
fund-level
fee
schedule
and
to
phase
in
assets
of
the
participating
TC
funds
into
the
calculation
of
the
complex
size
over
a
ten-year
period.
The
Board
considered
management’s
representation
that
there
would
be
no
increase
to
any
participating
TC
fund’s
respective
advisory
agreement
fee
rate.
Rather,
the
change
sought
to
allow
shareholders
of
participating
TC
funds
to
benefit
from
breakpoints
in
the
fee
schedule
as
a
result
of
increases
in
the
size
of
the
fund
complex
even
if
the
size
of
a
particular
TC
fund’s
assets
did
not
increase.
In
addition,
in
conjunction
with
the
consolidation
of
the
Nuveen
funds
and
TC
funds,
the
TC
funds
will
phase
out
the
separate
administrative
agreement
pursuant
to
which
TAL
provided
certain
administrative
services
as
well
as
the
reimbursement
to
TAL
of
certain
costs
thereunder
over
a
three-year
period.
The
Board’s
considerations
regarding
the
comparative
fee
data
for
each
of
the
Funds
are
set
forth
below.
With
respect
to
the
quartile
rankings
noted
below,
the
first
quartile
represents
the
range
of
funds
with
the
lowest
management
fee
rate
or
net
total
expense
ratio,
as
applicable,
and
the
fourth
quartile
represents
the
range
of
funds
with
the
highest
management
fee
rate
or
net
total
expense
ratio,
as
applicable.
The
Board
considered
that
Broadridge
only
calculates
quartiles
if
a
minimum
number
of
peers
is
available
and
therefore
quartile
rankings
may
not
be
available
for
certain
Expense
Groups
and/or
Expense
Universes.
For
Nuveen
Emerging
Markets
Debt
Fund
(formerly,
TIAA-CREF
Emerging
Markets
Debt
Fund),
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Group.
The
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
also
ranked
in
the
first
quartile,
third
quartile
and
first
quartile
of
its
Expense
Universe,
respectively.
In
addition,
the
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
were
below
the
Expense
Group
median.
For
Nuveen
International
Bond
Fund
(formerly,
TIAA-CREF
International
Bond
Fund),
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
ranked
in
the
first
quartile,
first
quartile
and
second
quartile
of
its
Expense
Group,
respectively.
In
addition,
the
Fund’s
contractual
management
fee
rate,
actual
management
fee
rate
and
net
total
expense
ratio
each
ranked
in
the
first
quartile
of
its
Expense
Universe.
The
Fund’s
actual
management
fee
rate
and
net
total
expense
ratio
also
were
below
the
Expense
Group
median.
Based
on
its
review
of
the
information
provided,
the
Board
determined
that
each
Fund’s
management
fees
(as
applicable)
to
the
Adviser
were
reasonable
in
light
of
the
nature,
extent
and
quality
of
services
provided
to
the
Fund.
67
Comparisons
with
the
Fees
of
Other
Clients
In
evaluating
the
appropriateness
of
fees,
the
Board
also
considered
that
the
Adviser
and/or
its
affiliate(s)
provide
investment
management
services
to
other
types
of
clients
which
may
include:
separately
managed
accounts,
retail
managed
accounts,
foreign
funds
(UCITS),
other
investment
companies
(as
sub-advisers),
limited
partnerships
and
collective
investment
trusts.
The
Board
reviewed
the
equal
weighted
average
fee
or
other
fee
data
for
the
other
types
of
clients
managed
in
a
similar
manner
to
certain
of
the
Nuveen
funds
and
TC
funds.
The
Board
considered
the
Adviser’s
rationale
for
the
differences
in
the
management
fee
rates
of
the
funds
compared
to
the
management
fee
rates
charged
to
these
other
types
of
clients.
In
this
regard,
the
Board
considered
that
differences,
including
but
not
limited
to,
the
amount,
type
and
level
of
services
provided
by
the
Adviser
to
the
funds
compared
to
that
provided
to
other
clients
as
well
as
differences
in
investment
policies;
regulatory,
disclosure
and
governance
requirements;
servicing
relationships
with
vendors;
the
manner
of
managing
such
assets;
product
structure;
investor
profiles;
and
account
sizes
all
may
contribute
to
variations
in
relative
fee
rates.
Further,
differences
in
the
client
base,
governing
bodies,
distribution,
jurisdiction
and
operational
complexities
also
would
contribute
to
variations
in
management
fees
assessed
the
funds
compared
to
foreign
fund
clients.
In
addition,
differences
in
the
level
of
advisory
services
required
for
passively
managed
funds
also
contribute
to
differences
in
the
management
fee
levels
of
such
funds
compared
to
actively
managed
funds.
As
a
general
matter,
higher
fee
levels
reflect
higher
levels
of
service
provided
by
the
Adviser,
increased
investment
management
complexity,
greater
product
management
requirements,
and
higher
levels
of
business
risk
or
some
combination
of
these
factors.
The
Board
considered
the
wide
range
of
services
in
addition
to
investment
management
that
the
Adviser
had
provided
to
the
funds
compared
to
other
types
of
clients
as
well
as
the
increased
entrepreneurial,
legal
and
regulatory
risks
that
the
Adviser
incurs
in
sponsoring
and
managing
the
funds.
The
Board
concluded
that
the
varying
levels
of
fees
were
reasonable
given,
among
other
things,
the
more
extensive
services,
regulatory
requirements
and
legal
liabilities,
and
the
entrepreneurial,
legal
and
regulatory
risks
incurred
in
sponsoring
and
advising
a
registered
investment
company
compared
to
that
required
in
advising
other
types
of
clients.
Profitability
of
the
Adviser
In
their
review,
the
Board
Members
reviewed
a
variety
of
profitability
information
relating
to
TAL
as
a
result
of
its
advisory
services
to
the
TC
funds.
In
developing
the
profitability
data,
the
Board
Members
considered
the
subjective
nature
of
calculating
profitability
as
the
information
is
not
audited
and
is
necessarily
dependent
on
cost
allocation
methodologies
to
allocate
expenses
throughout
the
complex
and
among
the
various
advisory
products.
The
Board
Members
received
profitability
data
for
TAL
attributable
to
the
TC
funds
in
the
aggregate
and
on
a
per-TC
fund
basis.
The
Board
Members
reviewed,
among
other
things,
TAL’s
profitability
margin
(pre-
and
post-distribution
expenses)
for
the
TC
funds
for
each
year
from
2014
to
2023
as
well
as
TAL’s
revenue,
expenses
and
net
earnings
before
federal
income
tax
(pre-
and
post-distribution
expenses)
from
the
TC
funds
for
the
year
ended
December
31,
2023
compared
to
December
31,
2022.
The
Board
reviewed
the
profitability
margins
(pre-
and
post-marketing
and
pre-tax)
of
TAL
for
the
TC
funds
for
the
2023
fiscal
year
compared
to
the
profitability
margins
(pre-marketing
(subject
to
exceptions)
and
post-marketing
and
pre-tax)
of
a
peer
group
of
certain
asset
management
firms
for
the
2022
fiscal
year.
The
Board
considered
that
TAL
had
calculated
that
it
incurred
a
net
loss
for
the
one-year
period
ended
December
31,
2023
with
respect
to
its
services
to
the
Nuveen
Emerging
Markets
Debt
Fund
and
Nuveen
International
Bond
Fund.
In
evaluating
profitability
data,
the
Independent
Trustees
considered
the
difficulty
in
calculating
profitability
particularly
at
the
individual
Fund
level
given
that
differing
but
reasonable
allocation
methodologies
could
be
employed
and
lead
to
significantly
different
results.
The
Board
Members
also
reviewed
the
unaudited
financial
statements
for
TAL
dated
December
31,
2023.
Aside
from
the
profitability
data,
the
Board
considered
that
NFAL
and
TAL
are
affiliates
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”).
NFAL
is
a
subsidiary
of
Nuveen,
LLC,
the
investment
management
arm
of
TIAA,
and
TAL
is
an
indirect
wholly
owned
subsidiary
of
TIAA.
Accordingly,
the
Board
also
reviewed
a
balance
sheet
for
TIAA
reflecting
its
assets,
liabilities
and
capital
and
contingency
reserves
for
the
2023
and
2022
calendar
years
to
consider
the
financial
strength
of
TIAA.
The
Board
considered
the
benefit
of
an
investment
adviser
and
its
parent
with
significant
resources,
particularly
during
periods
of
market
volatility.
The
Board
also
considered
the
reinvestments
the
Adviser,
its
parent
and/or
other
affiliates
made
into
their
business
through,
among
other
things,
the
investment
of
seed
capital
in
certain
funds,
initiatives
in
international
expansion,
investments
in
infrastructure
and
continued
investments
in
enhancements
to
technological
capabilities.
In
evaluating
the
reasonableness
of
the
compensation,
the
Board
Members
also
considered
the
indirect
benefits
the
Adviser
received
that
were
directly
attributable
to
the
management
of
the
applicable
funds
as
discussed
in
further
detail
below.
Based
on
its
review,
the
Board
was
satisfied
that
the
Adviser’s
level
of
profitability
from
its
relationship
with
each
Fund
was
not
unreasonable
over
various
time
frames
in
light
of
the
nature,
extent
and
quality
of
services
provided.
68
Approval
of
Investment
Management
Agreement
(continued)
(Unaudited)
Economies
of
Scale
and
Whether
Fee
Levels
Reflect
These
Economies
of
Scale
The
Board
considered
whether
there
have
been
economies
of
scale
with
respect
to
the
management
of
the
funds
in
the
fund
complex,
whether
these
economies
of
scale
have
been
appropriately
shared
with
such
funds
and
whether
there
is
potential
for
realization
of
further
economies
of
scale.
Although
the
Board
considered
that
economies
of
scale
are
difficult
to
measure
with
any
precision
and
the
rates
at
which
certain
expenses
are
incurred
may
not
decline
with
a
rise
in
assets,
the
Board
considered
that
there
are
various
methods
that
may
be
employed
to
help
share
the
benefits
of
economies
of
scale,
including,
among
other
things,
through
the
use
of
breakpoints
in
the
management
fee
schedule,
fee
waivers
and/or
expense
limitations,
the
pricing
of
funds
at
scale
at
inception
and
investments
in
the
Adviser’s
business
which
can
enhance
the
services
provided
to
the
applicable
funds
for
the
fees
paid.
The
Board
considered
that
the
Adviser
has
generally
employed
one
or
more
of
these
various
methods
among
the
applicable
funds.
The
Board
considered
that
the
management
fee
of
TAL
for
the
TC
funds
was
comprised
of
only
a
fund-level
fee.
However,
effective
May
1,
2024,
the
Board
approved
the
implementation
of
a
complex-level
component
to
the
fee
arrangement
of
certain
TC
funds,
including
the
Funds,
pursuant
to
which
the
management
fee
would
be
comprised
of
a
fund-level
component
and
a
complex-level
component,
subject
to
certain
exceptions.
To
implement
the
new
structure,
the
fund-level
component
was
reduced
by
an
amount
at
least
equal
to
the
new
complex-level
fee
component.
The
complex-level
fee
component
contains
its
own
breakpoint
schedule
which
is
designed
to
deliver
the
benefits
of
economies
of
scale
to
shareholders
when
the
assets
of
eligible
funds
in
the
complex
pass
certain
thresholds
even
if
the
assets
of
a
particular
fund
are
unchanged
or
have
declined,
and
the
fund-level
breakpoint
schedules
(if
any)
are
designed
to
share
economies
of
scale
with
shareholders
if
the
particular
fund
grows.
The
Board
considered
that
the
assets
of
the
participating
TC
funds
to
be
included
in
the
calculation
of
the
complex-wide
fee
would
be
phased
into
the
complex-wide
assets
in
determining
the
complex-level
fee
over
a
ten-year
period.
The
Board
reviewed
the
projected
shareholder
savings
derived
from
such
modifications
to
the
complex-wide
fee
calculation
over
a
ten-year
period
from
2024
to
2033.
The
Board
considered
management’s
representation
that
there
will
be
no
increase
to
any
Fund’s
respective
advisory
agreement
fee
rate.
Similarly,
the
Board
considered
that
certain
reimbursements
of
administrative
costs
to
TAL
under
its
administrative
agreement
will
also
be
phased
out
over
a
three-
year
period.
In
addition
to
the
fund-level
and
complex-level
fee
schedules,
the
Board
Members
considered
the
contractual
and/or
voluntary
expense
caps
(if
any)
applicable
to
a
fund.
The
Board
considered
that
such
waivers
and
reimbursements
applicable
to
the
respective
funds
are
another
means
for
potential
economies
of
scale
to
be
shared
with
shareholders
of
such
funds
and
can
provide
a
protection
from
an
increase
in
expenses
if
the
assets
of
the
applicable
funds
decline.
The
Board
Members
also
considered
the
continued
reinvestment
in
Nuveen/TIAA’s
business
to
enhance
its
capabilities
and
services
to
the
benefit
of
its
various
clients.
The
Board
understood
that
many
of
these
investments
were
not
specific
to
individual
funds
but
rather
incurred
across
a
variety
of
products
and
services
pursuant
to
which
the
family
of
funds
as
a
whole
may
benefit.
The
Board
further
considered
that
the
Adviser
and
its
affiliates
have
provided
certain
additional
services,
including,
but
not
limited
to,
services
required
by
new
regulations
and
regulatory
interpretations,
without
raising
advisory
fees
to
the
funds,
and
this
was
also
a
means
of
sharing
economies
of
scale
with
the
funds
and
their
shareholders.
The
Board
considered
the
Adviser’s
and/or
its
affiliates’
ongoing
efforts
to
streamline
the
product
line-up,
among
other
things,
to
create
more
scaled
funds
which
may
help
improve
both
expense
and
trading
economies.
Based
on
its
review,
the
Board
was
satisfied
that
the
current
fee
arrangements
together
with
the
reinvestment
in
management’s
business
appropriately
shared
any
economies
of
scale
with
shareholders.
Indirect
Benefits
The
Board
Members
received
and
considered
information
regarding
various
indirect
benefits
the
Adviser
or
its
affiliates
may
receive
as
a
result
of
their
relationship
with
the
funds
in
the
fund
complex.
These
benefits
included,
among
other
things,
economies
of
scale
to
the
extent
the
Adviser
or
its
affiliates
share
investment
resources
and/or
personnel
with
other
clients
of
the
Adviser.
The
funds
may
also
be
used
as
investment
options
for
other
products
or
businesses
offered
by
the
Adviser
and/or
its
affiliates,
such
as
variable
products,
fund
of
funds
and
529
education
savings
plans,
and
affiliates
of
the
Adviser
may
serve
as
sub-advisers
to
various
funds
in
which
case
all
advisory
and
sub-advisory
fees
generated
by
such
funds
stay
within
Nuveen.
Further,
the
funds
may
pay
the
Adviser
and/or
its
affiliates
for
other
services,
such
as
distribution.
In
this
regard,
the
Board
Members
considered
that
an
affiliate
of
the
Adviser
serves
as
principal
underwriter
providing
distribution
and/or
shareholder
services
to
the
open-end
funds
for
which
it
may
be
compensated.
The
Board
Members
also
considered
that
certain
share
classes
of
the
funds
(subject
to
certain
exceptions)
pay
12b-1
fees,
some
of
which
may
be
retained
by
the
Adviser’s
affiliate.
In
addition,
the
Board
Members
considered
that
the
Adviser
may
utilize
soft
dollar
brokerage
arrangements
attributable
to
the
respective
fund(s)
to
obtain
research
and
other
services
for
any
or
all
of
its
clients,
although
the
Board
Members
also
considered
that
the
Adviser
reimburses
the
Funds
for
all
such
costs.
69
The
Adviser
and
its
affiliates
may
also
benefit
from
the
advisory
relationships
with
the
funds
in
the
fund
complex
to
the
extent
this
relationship
results
in
potential
investors
viewing
the
TIAA
group
of
companies
as
a
leading
retirement
plan
provider
in
the
academic
and
nonprofit
market
and
a
single
source
for
all
their
financial
service
needs.
The
Adviser
and/or
its
affiliates
may
further
benefit
to
the
extent
that
they
have
pricing
or
other
information
regarding
vendors
the
funds
utilize
in
establishing
arrangements
with
such
vendors
for
other
products.
Based
on
its
review,
the
Board
concluded
that
any
indirect
benefits
received
by
the
Adviser
as
a
result
of
its
relationship
with
the
Funds
were
reasonable
in
light
of
the
services
provided.
Other
Considerations
The
Board
Members
did
not
identify
any
single
factor
discussed
previously
as
all-important
or
controlling.
The
Board
Members
concluded
that
the
terms
of
each
Advisory
Agreement
were
reasonable,
that
the
Adviser’s
fees
were
reasonable
in
light
of
the
services
provided
to
each
Fund
and
that
the
Advisory
Agreements
be
renewed
for
an
additional
one-year
period.
3567614-INV-B-06/25
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A15652
(6/24)


Item 2. Code of Conduct.

Not applicable.


Item 3. Audit Committee Financial Expert.

Not applicable.


Item 4. Principal Accountant Fees and Services.

Not applicable.


Item 5. Audit Committee of Listed Registrants.

Not applicable.


Item 6. Schedule of Investments.

Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.


Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.


Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.


Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.


Item 10. Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.


Item 11. Controls and Procedures.

(a) An evaluation was performed within 90 days of the filing date of the report under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this semi-annual reporting period.

(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s semi-annual period covered by this report that materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.


Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: July 2, 2024     

TIAA-CREF FUNDS

 

By: /s/ Jordan M. Farris        

   Jordan M. Farris

   Chief Administrative Officer

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

Dated: July 2, 2024     

By: /s/ Jordan M. Farris        

   Jordan M. Farris

   Chief Administrative Officer

   (principal executive officer)

 

Dated: July 2, 2024

    

 

By: /s/ E. Scott Wickerham       

   E. Scott Wickerham

   Vice President and Controller

   (principal financial officer)