Holdings of the Fund as of 4/25/2025
Total Number of Holdings (excluding cash): 102
Morgan Stanley |
MS |
617446448 |
Investment Banking and Brokerage Services |
294,179 |
$34,127,705.79 |
1.76% |
Berkshire Hathaway Inc. (Class B) |
BRK/B |
084670702 |
Investment Banking and Brokerage Services |
63,880 |
$33,917,724.80 |
1.75% |
The Goldman Sachs Group, Inc. |
GS |
38141G104 |
Investment Banking and Brokerage Services |
62,069 |
$33,818,915.34 |
1.74% |
Markel Group Inc |
MKL |
570535104 |
Non-life Insurance |
18,299 |
$32,995,841.85 |
1.70% |
MGIC Investment Corporation |
MTG |
552848103 |
Finance and Credit Services |
1,352,751 |
$32,763,629.22 |
1.69% |
RenaissanceRe Holdings Ltd. |
RNR |
G7496G103 |
Non-life Insurance |
138,986 |
$32,710,355.10 |
1.69% |
Affiliated Managers Group, Inc. |
AMG |
008252108 |
Investment Banking and Brokerage Services |
200,956 |
$32,661,378.68 |
1.68% |
T. Rowe Price Group, Inc. |
TROW |
74144T108 |
Investment Banking and Brokerage Services |
369,012 |
$32,635,421.28 |
1.68% |
Equitable Holdings, Inc. |
EQH |
29452E101 |
Investment Banking and Brokerage Services |
651,144 |
$32,348,833.92 |
1.67% |
Arch Capital Group Ltd. |
ACGL |
G0450A105 |
Non-life Insurance |
354,165 |
$32,115,682.20 |
1.66% |
LPL Financial Holdings Inc. |
LPLA |
50212V100 |
Investment Banking and Brokerage Services |
101,693 |
$31,986,516.22 |
1.65% |
Arthur J. Gallagher & Co. |
AJG |
363576109 |
Non-life Insurance |
99,020 |
$31,914,146.00 |
1.64% |
The Progressive Corporation |
PGR |
743315103 |
Non-life Insurance |
119,766 |
$31,739,187.66 |
1.64% |
The Allstate Corporation |
ALL |
020002101 |
Non-life Insurance |
164,090 |
$31,654,601.90 |
1.63% |
Brown & Brown, Inc. |
BRO |
115236101 |
Non-life Insurance |
274,347 |
$31,396,270.68 |
1.62% |
Rithm Capital Corp. |
RITM |
64828T201 |
Mortgage Real Estate Investment Trusts |
2,978,905 |
$31,397,658.70 |
1.62% |
Invesco Ltd. |
IVZ |
G491BT108 |
Investment Banking and Brokerage Services |
2,241,547 |
$31,224,749.71 |
1.61% |
Tradeweb Markets Inc. (Class A) |
TW |
892672106 |
Investment Banking and Brokerage Services |
230,129 |
$31,134,152.41 |
1.60% |
Cincinnati Financial Corporation |
CINF |
172062101 |
Non-life Insurance |
230,909 |
$30,870,224.21 |
1.59% |
Ryan Specialty Holdings, Inc. (Class A) |
RYAN |
78351F107 |
Non-life Insurance |
461,313 |
$29,916,148.05 |
1.54% |
SoFi Technologies, Inc. |
SOFI |
83406F102 |
Finance and Credit Services |
2,287,097 |
$29,457,809.36 |
1.52% |
OneMain Holdings, Inc. |
OMF |
68268W103 |
Finance and Credit Services |
555,107 |
$27,083,670.53 |
1.40% |
F.N.B. Corporation |
FNB |
302520101 |
Banks |
2,029,740 |
$26,975,244.60 |
1.39% |
Assured Guaranty Ltd. |
AGO |
G0585R106 |
Non-life Insurance |
309,177 |
$26,836,563.60 |
1.38% |
Bank OZK |
OZK |
06417N103 |
Banks |
627,936 |
$26,825,425.92 |
1.38% |
State Street Corporation |
STT |
857477103 |
Investment Banking and Brokerage Services |
306,680 |
$26,797,698.40 |
1.38% |
First Citizens BancShares, Inc. (Class A) |
FCNCA |
31946M103 |
Banks |
14,951 |
$26,601,716.26 |
1.37% |
Citigroup Inc. |
C |
172967424 |
Banks |
386,156 |
$26,424,655.08 |
1.36% |
Everest Group, Ltd. |
EG |
G3223R108 |
Non-life Insurance |
74,536 |
$26,322,388.40 |
1.36% |
Unum Group |
UNM |
91529Y106 |
Life Insurance |
332,190 |
$26,066,949.30 |
1.34% |
Axis Capital Holdings Limited |
AXS |
G0692U109 |
Non-life Insurance |
270,933 |
$25,706,123.04 |
1.32% |
Brighthouse Financial, Inc. |
BHF |
10922N103 |
Life Insurance |
468,277 |
$25,600,703.59 |
1.32% |
American International Group, Inc. |
AIG |
026874784 |
Non-life Insurance |
313,776 |
$25,484,886.72 |
1.31% |
Northern Trust Corporation |
NTRS |
665859104 |
Investment Banking and Brokerage Services |
278,090 |
$25,470,263.10 |
1.31% |
Credit Acceptance Corporation |
CACC |
225310101 |
Finance and Credit Services |
52,032 |
$25,150,187.52 |
1.30% |
Columbia Banking System, Inc. |
COLB |
197236102 |
Banks |
1,100,570 |
$24,905,899.10 |
1.28% |
Janus Henderson Group Plc |
JHG |
G4474Y214 |
Investment Banking and Brokerage Services |
750,189 |
$24,628,704.87 |
1.27% |
Ally Financial Inc. |
ALLY |
02005N100 |
Finance and Credit Services |
742,416 |
$24,440,334.72 |
1.26% |
Marsh & McLennan Companies, Inc. |
MMC |
571748102 |
Non-life Insurance |
111,633 |
$24,474,418.92 |
1.26% |
Lincoln National Corporation |
LNC |
534187109 |
Life Insurance |
756,442 |
$24,001,904.66 |
1.24% |
XP Inc. (Class A) |
XP |
G98239109 |
Investment Banking and Brokerage Services |
1,375,025 |
$21,945,399.00 |
1.13% |
Popular, Inc. |
BPOP |
733174700 |
Banks |
213,556 |
$20,488,562.64 |
1.06% |
SEI Investments Company |
SEIC |
784117103 |
Investment Banking and Brokerage Services |
251,759 |
$19,785,739.81 |
1.02% |
The Travelers Companies, Inc. |
TRV |
89417E109 |
Non-life Insurance |
73,547 |
$19,060,440.52 |
0.98% |
Broadridge Financial Solutions, Inc. |
BR |
11133T103 |
Investment Banking and Brokerage Services |
79,511 |
$18,901,354.92 |
0.97% |
Franklin Resources, Inc. |
BEN |
354613101 |
Investment Banking and Brokerage Services |
1,007,580 |
$18,861,897.60 |
0.97% |
Houlihan Lokey, Inc. |
HLI |
441593100 |
Investment Banking and Brokerage Services |
118,562 |
$18,883,369.74 |
0.97% |
Huntington Bancshares Incorporated |
HBAN |
446150104 |
Banks |
1,301,446 |
$18,740,822.40 |
0.97% |
East West Bancorp, Inc. |
EWBC |
27579R104 |
Banks |
219,307 |
$18,698,114.82 |
0.96% |
The Hartford Insurance Group, Inc. |
HIG |
416515104 |
Non-life Insurance |
156,416 |
$18,575,964.16 |
0.96% |
U.S. Bancorp |
USB |
902973304 |
Banks |
465,804 |
$18,594,895.68 |
0.96% |
M&T Bank Corporation |
MTB |
55261F104 |
Banks |
110,323 |
$18,466,966.97 |
0.95% |
AGNC Investment Corp. |
AGNC |
00123Q104 |
Mortgage Real Estate Investment Trusts |
2,050,214 |
$18,144,393.90 |
0.94% |
Corebridge Financial, Inc. |
CRBG |
21871X109 |
Life Insurance |
615,905 |
$18,175,356.55 |
0.94% |
Old Republic International Corporation |
ORI |
680223104 |
Non-life Insurance |
491,074 |
$18,307,238.72 |
0.94% |
Regions Financial Corporation |
RF |
7591EP100 |
Banks |
902,026 |
$18,293,087.28 |
0.94% |
Webster Financial Corporation |
WBS |
947890109 |
Banks |
383,541 |
$18,218,197.50 |
0.94% |
Globe Life Inc. |
GL |
37959E102 |
Life Insurance |
147,257 |
$18,106,720.72 |
0.93% |
Loews Corporation |
L |
540424108 |
Non-life Insurance |
211,285 |
$18,016,271.95 |
0.93% |
Western Alliance Bancorporation |
WAL |
957638109 |
Banks |
256,989 |
$17,912,133.30 |
0.92% |
Zions Bancorporation, National Association |
ZION |
989701107 |
Banks |
393,215 |
$17,631,760.60 |
0.91% |
The Charles Schwab Corporation |
SCHW |
808513105 |
Investment Banking and Brokerage Services |
175,355 |
$14,017,878.70 |
0.72% |
Virtu Financial, Inc. (Class A) |
VIRT |
928254101 |
Investment Banking and Brokerage Services |
353,298 |
$13,552,511.28 |
0.70% |
Wintrust Financial Corporation |
WTFC |
97650W108 |
Banks |
121,112 |
$13,417,998.48 |
0.69% |
Aflac Incorporated |
AFL |
001055102 |
Life Insurance |
121,123 |
$13,074,016.62 |
0.67% |
Ameriprise Financial, Inc. |
AMP |
03076C106 |
Investment Banking and Brokerage Services |
27,876 |
$12,988,543.44 |
0.67% |
Annaly Capital Management, Inc. |
NLY |
035710839 |
Mortgage Real Estate Investment Trusts |
677,941 |
$13,023,246.61 |
0.67% |
Bank of America Corporation |
BAC |
060505104 |
Banks |
328,264 |
$13,028,798.16 |
0.67% |
Prosperity Bancshares, Inc. |
PB |
743606105 |
Banks |
192,725 |
$12,939,556.50 |
0.67% |
The Bank of New York Mellon Corporation |
BK |
064058100 |
Investment Banking and Brokerage Services |
162,584 |
$12,787,231.60 |
0.66% |
Chubb Limited |
CB |
H1467J104 |
Non-life Insurance |
45,176 |
$12,609,073.36 |
0.65% |
First Horizon Corporation |
FHN |
320517105 |
Banks |
711,579 |
$12,673,221.99 |
0.65% |
Citizens Financial Group, Inc. |
CFG |
174610105 |
Banks |
335,540 |
$12,435,112.40 |
0.64% |
Comerica Incorporated |
CMA |
200340107 |
Banks |
234,005 |
$12,428,005.55 |
0.64% |
Fifth Third Bancorp |
FITB |
316773100 |
Banks |
349,850 |
$12,342,708.00 |
0.64% |
The PNC Financial Services Group, Inc. |
PNC |
693475105 |
Banks |
77,994 |
$12,358,929.24 |
0.64% |
BOK Financial Corporation |
BOKF |
05561Q201 |
Banks |
132,112 |
$12,154,304.00 |
0.63% |
RLI Corp. |
RLI |
749607107 |
Non-life Insurance |
168,748 |
$12,313,541.56 |
0.63% |
Jefferies Financial Group Inc. |
JEF |
47233W109 |
Investment Banking and Brokerage Services |
254,387 |
$11,905,311.60 |
0.61% |
Kemper Corporation |
KMPR |
488401100 |
Non-life Insurance |
202,486 |
$11,784,685.20 |
0.61% |
Kinsale Capital Group, Inc. |
KNSL |
49714P108 |
Non-life Insurance |
27,908 |
$11,721,080.92 |
0.60% |
Evercore Inc. |
EVR |
29977A105 |
Investment Banking and Brokerage Services |
32,358 |
$6,393,293.64 |
0.33% |
JPMorgan Chase & Co. |
JPM |
46625H100 |
Banks |
26,602 |
$6,478,917.10 |
0.33% |
Raymond James Financial, Inc. |
RJF |
754730109 |
Investment Banking and Brokerage Services |
46,961 |
$6,451,032.57 |
0.33% |
TPG Inc. (Class A) |
TPG |
872657101 |
Investment Banking and Brokerage Services |
135,906 |
$6,325,065.24 |
0.33% |
Wells Fargo & Company |
WFC |
949746101 |
Banks |
90,949 |
$6,341,873.77 |
0.33% |
American Financial Group, Inc. |
AFG |
025932104 |
Non-life Insurance |
49,082 |
$6,208,382.18 |
0.32% |
Fidelity National Financial, Inc. |
FNF |
31620R303 |
Non-life Insurance |
98,374 |
$6,163,131.10 |
0.32% |
First Hawaiian, Inc. |
FHB |
32051X108 |
Banks |
267,661 |
$6,116,053.85 |
0.32% |
CNA Financial Corporation |
CNA |
126117100 |
Non-life Insurance |
127,465 |
$6,023,995.90 |
0.31% |
Moody's Corporation |
MCO |
615369105 |
Finance and Credit Services |
13,833 |
$6,067,430.46 |
0.31% |
SLM Corporation |
SLM |
78442P106 |
Finance and Credit Services |
218,963 |
$6,076,223.25 |
0.31% |
Synovus Financial Corp. |
SNV |
87161C501 |
Banks |
141,727 |
$6,102,764.62 |
0.31% |
The Hanover Insurance Group, Inc. |
THG |
410867105 |
Non-life Insurance |
37,075 |
$5,993,915.25 |
0.31% |
White Mountains Insurance Group Ltd. |
WTM |
G9618E107 |
Non-life Insurance |
3,424 |
$5,968,340.16 |
0.31% |
Blue Owl Capital Inc. (Class A) |
OWL |
09581B103 |
Investment Banking and Brokerage Services |
317,614 |
$5,875,859.00 |
0.30% |
Stifel Financial Corp. |
SF |
860630102 |
Investment Banking and Brokerage Services |
68,406 |
$5,867,182.62 |
0.30% |
Lazard, Inc. (Class A) |
LAZ |
52110M109 |
Investment Banking and Brokerage Services |
148,007 |
$5,718,990.48 |
0.29% |
Principal Financial Group, Inc. |
PFG |
74251V102 |
Investment Banking and Brokerage Services |
76,161 |
$5,594,787.06 |
0.29% |
The Carlyle Group Inc. |
CG |
14316J108 |
Investment Banking and Brokerage Services |
146,504 |
$5,718,051.12 |
0.29% |
Voya Financial, Inc. |
VOYA |
929089100 |
Investment Banking and Brokerage Services |
95,456 |
$5,635,722.24 |
0.29% |
UWM Holdings Corporation |
UWMC |
91823B109 |
Finance and Credit Services |
1,212,258 |
$5,394,548.10 |
0.28% |
US Dollar |
$USD |
|
Other |
3,792,232 |
$3,792,231.86 |
0.20% |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
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