Investments as of October 31, 2017 (Unaudited) Shares/ Principal Amount Security Description Currency Code Interest Rate Maturity Date Market Value ($) % of Fund Bonds and Notes 400,000 Adif - Alta Velocidad EUR 0.800 7/5/2023 467,256 1.81% 200,000 Agence Francaise de Developpement, EMTN EUR 1.375 9/17/2024 248,935 0.96% 500,000 Anglian Water Services Financing PLC, EMTN GBP 1.625 8/10/2025 649,958 2.51% 900,000 Apple, Inc. USD 2.850 2/23/2023 918,512 3.55% 300,000 Apple, Inc. USD 3.000 6/20/2027 299,929 1.16% 100,000 Asian Development Bank, GMTN USD 2.375 8/10/2027 98,561 0.38% 100,000 Berlin Hyp AG EUR 0.500 9/26/2023 116,743 0.45% 100,000 Deutsche Kreditbank AG, Series 100 EUR 0.625 6/8/2021 118,398 0.46% 400,000 Digital Realty Trust LP USD 3.950 7/1/2022 421,536 1.63% 400,000 Electricite de France S.A., EMTN EUR 1.000 10/13/2026 465,352 1.80% 800,000 Enel Finance International NV, EMTN EUR 1.000 9/16/2024 951,271 3.67% 100,000 European Investment Bank EUR 1.500 11/15/2047 118,859 0.46% 400,000 European Investment Bank USD 2.125 4/13/2026 389,006 1.50% 200,000 European Investment Bank USD 2.375 5/24/2027 197,419 0.76% 700,000 European Investment Bank USD 2.500 10/15/2024 706,701 2.73% 600,000 European Investment Bank, EMTN EUR 0.500 11/13/2037 621,088 2.40% 100,000 European Investment Bank, EMTN EUR 1.250 11/13/2026 125,333 0.48% 1,450,000 France Government Bond OAT EUR 1.750 6/25/2039 1,789,327 6.91% 700,000 Hera SpA, EMTN EUR 2.375 7/4/2024 906,197 3.50% 600,000 Iberdrola International BV, EMTN EUR 1.125 4/21/2026 708,135 2.74% 100,000 Iberdrola International BV, EMTN EUR 2.500 10/24/2022 129,453 0.50% 200,000 International Bank for Reconstruction & Development, Series GDIF USD 2.125 3/3/2025 196,541 0.76% 600,000 International Finance Corp., GMTN USD 2.000 10/24/2022 596,000 2.30% 700,000 International Finance Corp., GMTN USD 2.125 4/7/2026 680,953 2.63% 300,000 Intesa Sanpaolo SpA, EMTN EUR 0.875 6/27/2022 354,627 1.37% 1,200,000 Kommunalbanken AS, MTN USD 1.375 10/26/2020 1,179,837 4.56% 1,000,000 Kreditanstalt fuer Wiederaufbau USD 1.750 10/15/2019 1,000,166 3.86% 800,000 Kreditanstalt fuer Wiederaufbau USD 2.000 9/29/2022 794,464 3.07% 370,000 Kreditanstalt fuer Wiederaufbau, MTN AUD 2.400 7/2/2020 284,911 1.10% 200,000 Municipality Finance PLC USD 1.375 9/21/2021 194,513 0.75% 400,000 National Australia Bank Ltd., GMTN EUR 0.350 9/7/2022 467,570 1.81% 1,000,000 Nederlandse Waterschapsbank NV, EMTN EUR 1.000 9/3/2025 1,226,926 4.74% 1,000,000 Province of Ontario Canada CAD 1.950 1/27/2023 768,320 2.97% 700,000 SNCF Reseau, EMTN EUR 1.000 11/9/2031 787,746 3.04% 200,000 SNCF Reseau, EMTN EUR 1.875 3/30/2034 248,450 0.96% 200,000 Southern Power Co. USD 4.150 12/1/2025 211,329 0.82% 800,000 Southern Power Co., Series 2016 EUR 1.000 6/20/2022 957,354 3.70% 1,400,000 Svensk Exportkredit AB, GMTN USD 1.875 6/23/2020 1,397,740 5.40% 200,000 TenneT Holding BV, EMTN EUR 1.250 10/24/2033 224,659 0.87% 300,000 TenneT Holding BV, EMTN EUR 1.375 6/26/2029 356,210 1.38% 400,000 TenneT Holding BV, EMTN EUR 1.750 6/4/2027 501,769 1.94% 200,000 TenneT Holding BV, EMTN EUR 1.875 6/13/2036 241,034 0.93% 200,000 Transport for London, EMTN GBP 2.125 4/24/2025 275,210 1.06% 400,000 Unibail-Rodamco SE, EMTN EUR 1.000 3/14/2025 477,713 1.85% 300,000 Verbund AG EUR 1.500 11/20/2024 369,509 1.43% Total 24,241,520 93.66% Short-Term Investments 519,966 Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation 0.340 11/1/2017 519,966 2.01% Total Investments 24,761,486 95.67% Other assets less liabilities 1,120,992 4.33% Net Assets 25,882,478 100.00% Description Number of Contracts Expiration Date Notional Amount Market Value Unrealized Appreciation/ (Depreciation) Long position contracts: Euro-Buxl 30 Year Bond 1 12/7/2017 100,000 193,505 1,070 5 Year U.S. Treasury Note 4 12/29/2017 400,000 468,750 (1,331) 10 Year U.S. Treasury Note 3 12/19/2017 300,000 374,813 (127) 30 Year U.S. Treasury Bond 1 12/19/2017 100,000 152,469 249 Total (139) Short position contracts Australian Dollar 6 12/18/2017 (600,000) 459,120 21,297 British Pound 13 12/18/2017 (812,500) 1,080,706 23,037 Canadian Dollar 10 12/19/2017 (1,000,000) 775,750 47,070 Euro 88 12/18/2017 (11,000,000) 12,849,100 363,237
Investments as of October 31, 2017 (Unaudited) German Euro BOBL 2 12/7/2017 (200,000) 307,008 (1,541) German Euro Bund 6 12/7/2017 (600,000) 1,137,476 (6,196) UK Long Gilt 2 12/27/2017 (200,000) 330,258 9,108 Total 456,012 Total futures contracts 455,873 Key to abbreviations: AUD CAD EUR GBP USD Australian Dollar Canadian Dollar Euro British Pound U.S. Dollar The portfolio is actively managed and holdings are subject to change. There is no guarantee the Fund continues to invest in the securities referenced.
Investments as of September 30, 2017 (Unaudited) Shares/ Principal Amount Security Description Currency Code Interest Rate Maturity Date Market Value ($) % of Fund Bonds and Notes 200,000 Agence Francaise de Developpement, EMTN EUR 1.375 9/17/2024 250,824 0.98% 900,000 Apple, Inc. USD 2.850 2/23/2023 921,569 3.60% 300,000 Apple, Inc. USD 3.000 6/20/2027 299,820 1.17% 100,000 Asian Development Bank, GMTN USD 2.375 8/10/2027 99,204 0.39% 100,000 Berlin Hyp AG EUR 0.500 9/26/2023 118,138 0.46% 100,000 Deutsche Kreditbank AG, Series 100 EUR 0.625 6/8/2021 119,786 0.47% 400,000 Digital Realty Trust LP USD 3.950 7/1/2022 421,753 1.65% 400,000 Electricite de France S.A., EMTN EUR 1.000 10/13/2026 459,624 1.79% 800,000 Enel Finance International NV, EMTN EUR 1.000 9/16/2024 950,817 3.71% 100,000 European Investment Bank EUR 1.500 11/15/2047 118,158 0.46% 400,000 European Investment Bank USD 2.125 4/13/2026 390,672 1.52% 200,000 European Investment Bank USD 2.375 5/24/2027 198,230 0.77% 700,000 European Investment Bank USD 2.500 10/15/2024 709,896 2.77% 600,000 European Investment Bank, EMTN EUR 0.500 11/13/2037 616,685 2.41% 200,000 European Investment Bank, EMTN EUR 1.250 11/13/2026 252,434 0.99% 1,450,000 France Government Bond OAT EUR 1.750 6/25/2039 1,776,527 6.93% 700,000 Hera SpA, EMTN EUR 2.375 7/4/2024 912,800 3.56% 600,000 Iberdrola International BV, EMTN EUR 1.125 4/21/2026 705,864 2.75% 100,000 Iberdrola International BV, EMTN EUR 2.500 10/24/2022 130,523 0.51% 200,000 International Bank for Reconstruction & Development, Series GDIF USD 2.125 3/3/2025 196,809 0.77% 1,300,000 International Finance Corp., GMTN USD 2.125 4/7/2026 1,271,752 4.96% 300,000 Intesa Sanpaolo SpA, EMTN EUR 0.875 6/27/2022 357,941 1.40% 1,200,000 Kommunalbanken AS, MTN USD 1.375 10/26/2020 1,183,247 4.62% 1,000,000 Kreditanstalt fuer Wiederaufbau USD 1.750 10/15/2019 1,001,800 3.91% 300,000 Kreditanstalt fuer Wiederaufbau USD 2.000 9/29/2022 298,914 1.17% 370,000 Kreditanstalt fuer Wiederaufbau, MTN AUD 2.400 7/2/2020 291,000 1.14% 400,000 National Australia Bank Ltd., GMTN EUR 0.350 9/7/2022 471,699 1.84% 1,000,000 Nederlandse Waterschapsbank NV, EMTN EUR 1.000 9/3/2025 1,235,066 4.82% 300,000 NRW Bank, EMTN EUR 0.375 11/17/2026 345,809 1.35% 1,100,000 Province of Ontario Canada CAD 1.950 1/27/2023 865,498 3.38% 700,000 SNCF Reseau, EMTN EUR 1.000 11/9/2031 786,886 3.07% 200,000 SNCF Reseau, EMTN EUR 1.875 3/30/2034 247,326 0.97% 200,000 Southern Power Co. USD 4.150 12/1/2025 210,412 0.82% 800,000 Southern Power Co., Series 2016 EUR 1.000 6/20/2022 964,190 3.76% 1,400,000 Svensk Exportkredit AB, GMTN USD 1.875 6/23/2020 1,400,562 5.47% 200,000 TenneT Holding BV, EMTN EUR 1.250 10/24/2033 222,252 0.87% 300,000 TenneT Holding BV, EMTN EUR 1.375 6/26/2029 354,348 1.38% 400,000 TenneT Holding BV, EMTN EUR 1.750 6/4/2027 502,246 1.96% 200,000 TenneT Holding BV, EMTN EUR 1.875 6/13/2036 239,735 0.94% 900,000 Transport for London, EMTN GBP 2.125 4/24/2025 1,248,542 4.87% 400,000 Unibail-Rodamco SE, EMTN EUR 1.000 3/14/2025 478,293 1.87% 300,000 Verbund AG EUR 1.500 11/20/2024 372,557 1.45% Total 24,000,208 93.68% Short-Term Investments 1,094,079 Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation 0.340 10/2/2017 1,094,079 4.27% Total Investments 25,094,287 97.95% Other assets less liabilities 525,469 2.05% Net Assets 25,619,756 100.00% Financial Futures Expiration Date Contracts Notional Value ($) Long Short Unrealized Appreciation (Depreciation) ($) Euro-Buxl 30 Year Bond 12/7/2017 1 192,957 (2,294) German Euro BOBL 12/7/2017 4 620,167 (692) 5 Year U.S. Treasury Note 12/29/2017 10 1,175,000 (9,515) Sub Total (12,501) Australian Dollar 12/18/2017 6 470,160 10,257 British Pound 12/18/2017 15 1,259,906 13,643 Canadian Dollar 12/19/2017 11 882,805 22,297 Euro 12/18/2017 88 13,050,950 161,387 German Euro Bund 12/7/2017 6 1,141,787 7,081 UK Long Gilt 12/27/2017 3 497,997 15,592
Investments as of September 30, 2017 (Unaudited) 10 Year U.S. Treasury Note 12/19/2017 1 125,313 1,435 Sub Total 231,692 Total 219,191 Key to abbreviations: AUD CAD EUR GBP USD Australian Dollar Canadian Dollar Euro British Pound U.S. Dollar The portfolio is actively managed and holdings are subject to change. There is no guarantee the Fund continues to invest in the securities referenced.
Investments as of August 31, 2017 (Unaudited) Shares/ Principal Amount Security Description Currency Code Interest Rate Maturity Date Market Value ($) % of Fund Bonds and Notes 200,000 Agence Francaise de Developpement, EMTN EUR 1.375 9/17/2024 253,924 0.99% 900,000 Apple, Inc. USD 2.850 2/23/2023 925,097 3.60% 300,000 Apple, Inc. USD 3.000 6/20/2027 302,229 1.17% 100,000 Asian Development Bank, GMTN USD 2.375 8/10/2027 100,690 0.39% 100,000 Berlin Hyp AG EUR 0.500 9/26/2023 119,822 0.47% 100,000 Deutsche Kreditbank AG, Series 100 EUR 0.625 6/8/2021 121,331 0.47% 400,000 Digital Realty Trust LP USD 3.950 7/1/2022 424,426 1.65% 400,000 Electricite de France S.A., EMTN EUR 1.000 10/13/2026 465,679 1.81% 800,000 Enel Finance International NV, EMTN EUR 1.000 9/16/2024 959,801 3.73% 100,000 European Investment Bank EUR 1.500 11/15/2047 121,446 0.47% 400,000 European Investment Bank USD 2.125 4/13/2026 396,601 1.54% 200,000 European Investment Bank USD 2.375 5/24/2027 201,160 0.78% 700,000 European Investment Bank USD 2.500 10/15/2024 717,788 2.79% 600,000 European Investment Bank, EMTN EUR 0.500 11/13/2037 623,267 2.42% 200,000 European Investment Bank, EMTN EUR 1.250 11/13/2026 256,340 1.00% 1,450,000 France Government Bond OAT EUR 1.750 6/25/2039 1,820,857 7.08% 700,000 Hera SpA, EMTN EUR 2.375 7/4/2024 924,105 3.59% 600,000 Iberdrola International BV, EMTN EUR 1.125 4/21/2026 714,906 2.78% 100,000 Iberdrola International BV, EMTN EUR 2.500 10/24/2022 132,228 0.51% 200,000 International Bank for Reconstruction & Development, Series GDIF USD 2.125 3/3/2025 199,080 0.77% 1,300,000 International Finance Corp., GMTN USD 2.125 4/7/2026 1,287,586 5.00% 300,000 Intesa Sanpaolo SpA, EMTN EUR 0.875 6/27/2022 359,022 1.40% 1,200,000 Kommunalbanken AS, MTN USD 1.375 10/26/2020 1,187,549 4.62% 1,000,000 Kreditanstalt fuer Wiederaufbau USD 1.750 10/15/2019 1,005,090 3.91% 370,000 Kreditanstalt fuer Wiederaufbau, MTN AUD 2.400 7/2/2020 295,146 1.15% 400,000 National Australia Bank Ltd., GMTN EUR 0.350 9/7/2022 476,907 1.85% 1,000,000 Nederlandse Waterschapsbank NV, EMTN EUR 1.000 9/3/2025 1,250,823 4.86% 300,000 NRW Bank, EMTN EUR 0.375 11/17/2026 351,311 1.37% 1,100,000 Province of Ontario Canada CAD 1.950 1/27/2023 874,847 3.40% 700,000 SNCF Reseau EPIC, EMTN EUR 1.000 11/9/2031 801,124 3.11% 200,000 SNCF Reseau EPIC, EMTN EUR 1.875 3/30/2034 252,404 0.98% 200,000 Southern Power Co. USD 4.150 12/1/2025 211,955 0.82% 800,000 Southern Power Co., Series 2016 EUR 1.000 6/20/2022 967,836 3.76% 1,400,000 Svensk Exportkredit AB, GMTN USD 1.875 6/23/2020 1,407,705 5.47% 200,000 TenneT Holding BV, EMTN EUR 1.250 10/24/2033 227,809 0.89% 300,000 TenneT Holding BV, EMTN EUR 1.375 6/26/2029 361,202 1.40% 400,000 TenneT Holding BV, EMTN EUR 1.750 6/4/2027 510,702 1.98% 200,000 TenneT Holding BV, EMTN EUR 1.875 6/13/2036 246,349 0.96% 900,000 Transport for London, EMTN GBP 2.125 4/24/2025 1,234,209 4.80% 400,000 Unibail-Rodamco SE, EMTN EUR 1.000 3/14/2025 484,564 1.88% 300,000 Verbund AG EUR 1.500 11/20/2024 377,021 1.47% Total 23,951,938 93.09% Short-Term Investments 570,909 Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation 0.340 9/1/2017 570,909 2.22% Total Investments 24,522,847 95.31% Other assets less liabilities 1,206,404 4.69% Net Assets 25,729,251 100.00% Financial Futures Expiration Date Contracts Notional Value ($) Long Short Unrealized Appreciation (Depreciation) ($) Euro-Buxl 30 Year Bond 30 Year Bond 9/7/2017 1 200,400 6,713 German Euro BOBL 9/7/2017 1 158,496 916 5 Year U.S. Treasury Note 12/29/2017 7 829,500 713 Sub Total 8,342 Australian Dollar 9/18/2017 6 476,880 (21,730) British Pound 9/18/2017 15 1,213,125 (13,618) Canadian Dollar 9/19/2017 11 880,385 (47,373) Euro 9/18/2017 88 13,103,200 (749,241) German Euro Bund 9/7/2017 9 1,768,676 (34,729) UK Long Gilt 12/27/2017 3 493,835 1,779
Investments as of August 31, 2017 (Unaudited) 10 Year U.S. Treasury Note 12/19/2017 6 761,906 (1,419) Sub Total (866,331) Total (857,989) Key to abbreviations: AUD CAD EUR GBP USD Australian Dollar Canadian Dollar Euro British Pound U.S. Dollar The portfolio is actively managed and holdings are subject to change. There is no guarantee the Fund continues to invest in the securities referenced.