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* includes items 7-11 of form N-CSR as required, if any.
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Current View
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Lord Abbett
Climate Focused Bond Fund
Emerging Markets Equity Fund
Enhanced Municipal Yield Completion Fund
International Growth Fund
Investment Grade Floating Rate Fund
Short Duration High Yield Fund
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LONG-TERM INVESTMENTS 96.66%
ASSET-BACKED SECURITIES 0.24%
Automobiles 0.24%
Tesla Auto Lease Trust Series
2023-A Class A3
†
(cost $49,998)
5.89%
6/22/2026
$ 50,000
$ 50,094
CONVERTIBLE BONDS 0.64%
Energy-Alternate Sources 0.33%
Enphase Energy, Inc.
Zero Coupon
3/1/2028
23,000
19,112
NextEra Energy Partners LP
†
Zero Coupon
6/15/2024
51,000
50,643
Total
69,755
Environmental Control 0.11%
Tetra Tech, Inc.
†
2.25%
8/15/2028
20,000
22,681
REITS 0.20%
HAT Holdings I LLC/HAT Holdings II LLC
†
Zero Coupon
5/1/2025
42,000
43,233
Total Convertible Bonds
(cost $132,850)
135,669
CORPORATE BONDS 66.02%
Auto Manufacturers 0.85%
Ford Motor Co.
3.25%
2/12/2032
83,000
66,881
Hyundai Capital America
†
5.80%
6/26/2025
112,000
111,904
Total
178,785
Auto Parts & Equipment 2.28%
Aptiv PLC (Ireland)
(a)
4.35%
3/15/2029
35,000
33,400
BorgWarner, Inc.
3.375%
3/15/2025
65,000
63,673
Dana, Inc.
4.25%
9/1/2030
92,000
79,808
Forvia SE
2.375%
6/15/2029 EUR 100,000
97,081
Valeo SE
5.375%
5/28/2027 EUR 100,000
109,522
ZF Finance GmbH
2.25%
5/3/2028 EUR 100,000
97,364
Total
480,848
Banks 10.80%
ABN AMRO Bank NV
3.00%
6/1/2032 EUR 100,000
102,474
AIB Group PLC
0.50%
(1 yr. EUR Swap + 0.75%)
#
11/17/2027 EUR 100,000
97,779
Banco de Sabadell SA
2.625%
(1 yr. EUR Swap + 2.20%)
#
3/24/2026 EUR 100,000
105,490
Bank of America Corp.
2.456%
(3 mo. USD Term SOFR + 1.13%)
#
10/22/2025
$210,000
206,595
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
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1
Schedule of Investments (unaudited)
CLIMATE FOCUSED BOND FUND
April 30, 2024
Banks (continued)
Bank of Ireland Group PLC
0.375%
(1 yr. EUR Swap + 0.77%)
#
5/10/2027 EUR 100,000 $
99,469
Bank of Nova Scotia (Canada)
(
a)
0.65%
7/31/2024
$125,000
123,467
BNP Paribas SA
1.125%
8/28/2024 EUR 200,000
211,582
BNP Paribas SA (France)
†(a)
1.675%
(SOFR + 0.91%)
#
6/30/2027
$200,000
183,434
Caixa Geral de Depositos SA
2.875%
(1 yr. EUR Swap + 1.40%)
#
6/15/2026 EUR 100,000
105,342
CaixaBank SA
1.25%
(5 yr. EUR Swap + 1.63%)
#
6/18/2031 EUR 100,000
99,798
Danske Bank AS
0.75%
(1 yr. EURIBOR ICE Swap + 0.88%)
#
6/9/2029 EUR 100,000
94,021
ING Groep NV
0.875%
(5 yr. EURIBOR ICE Swap + 1.15%)
#
6/9/2032 EUR 100,000
96,041
Intesa Sanpaolo SpA
0.75%
3/16/2028 EUR 100,000
95,330
JPMorgan Chase & Co.
0.768%
(SOFR + 0.49%)
#
8/9/2025
$221,000
217,825
NatWest Group PLC
2.057%
(1 yr. U.K. Government Bond + 1.27%)
#
11/9/2028 GBP 100,000
110,896
Nordea Bank Abp
0.50%
3/19/2031 EUR 100,000
87,682
Royal Bank of Canada (Canada)
(a)
1.15%
7/14/2026
$150,000
136,770
Toronto-Dominion Bank (Canada)
(a)
5.264%
12/11/2026
100,000
99,622
Total
2,273,617
Biotechnology 0.24%
Amgen, Inc.
3.00%
2/22/2029
56,000
50,714
Building Materials 1.02%
Eco Material Technologies, Inc.
†
7.875%
1/31/2027
51,000
51,420
EMRLD Borrower LP/Emerald Co.-Issuer, Inc.
†
6.375%
12/15/2030 EUR 100,000
111,797
Owens Corning
3.95%
8/15/2029 $
55,000
51,167
Total
214,384
Chemicals 1.90%
Air Liquide Finance SA
0.375%
5/27/2031 EUR 100,000
87,361
Air Products & Chemicals, Inc.
4.85%
2/8/2034
$100,000
95,544
Itelyum Regeneration SpA
4.625%
10/1/2026 EUR 100,000
104,080
Olympus Water U.S. Holding Corp.
9.625%
11/15/2028 EUR 100,000
113,913
Total
400,898
Commercial Services 1.95%
Bureau Veritas SA
1.875%
1/6/2025 EUR 100,000
105,322
Global Payments, Inc.
3.20%
8/15/2029 $
98,000
86,498
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
2
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Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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Commercial Services (continued)
Massachusetts Institute of Technology
3.959%
7/1/2038 $
75,000 $
66,103
Quanta Services, Inc.
2.35%
1/15/2032
75,000
59,206
Techem Verwaltungsgesellschaft 674 GmbH
6.00%
7/30/2026
EUR 87,920
94,035
Total
411,164
Distribution/Wholesale 0.47%
Rexel SA
2.125%
12/15/2028 EUR 100,000
98,564
Diversified Financial Services 0.47%
LeasePlan Corp. NV
0.25%
2/23/2026 EUR 100,000
99,859
Electric 10.45%
AES Corp.
2.45%
1/15/2031 $
60,000
48,298
AES Corp.
5.45%
6/1/2028
56,000
55,159
CenterPoint Energy Houston Electric LLC
5.30%
4/1/2053
96,000
90,370
Clearway Energy Operating LLC
†
3.75%
2/15/2031
75,000
63,494
Enel Finance International NV (Netherlands)
†(a)
2.25%
7/12/2031
200,000
160,823
Engie SA
0.375%
6/21/2027 EUR 100,000
96,616
Engie SA
3.625%
1/11/2030 EUR 100,000
106,790
Iberdrola International BV
1.45%
(5 yr. EUR Swap + 1.83%)
#
–
(b)
EUR 100,000
98,477
Iberdrola International BV
1.45%
(5 yr. EUR Swap + 1.83%)
#
–
(b)
EUR 100,000
98,478
Ignitis Grupe AB
2.00%
5/21/2030 EUR 100,000
92,917
Leeward Renewable Energy Operations LLC
†
4.25%
7/1/2029
$ 82,000
67,955
Liberty Utilities Finance GP 1
†
2.05%
9/15/2030
70,000
55,277
MidAmerican Energy Co.
3.95%
8/1/2047
65,000
49,659
MidAmerican Energy Co.
5.85%
9/15/2054
28,000
28,190
NextEra Energy Capital Holdings, Inc.
1.90%
6/15/2028
47,000
40,877
NextEra Energy Operating Partners LP
†
4.50%
9/15/2027
56,000
52,234
Northern States Power Co.
2.60%
6/1/2051
50,000
28,967
Pattern Energy Operations LP/Pattern
Energy Operations, Inc.
†
4.50%
8/15/2028
49,000
43,867
Ren Finance BV
0.50%
4/16/2029 EUR 100,000
92,445
ReNew Wind Energy AP2/ReNew
Power Pvt Ltd. other 9 Subsidiaries (India)
(a)
4.50%
7/14/2028
$200,000
178,383
Solar Star Funding LLC
†
5.375%
6/30/2035
74,426
71,358
Southwestern Public Service Co.
3.75%
6/15/2049
50,000
34,965
SSE PLC
4.00%
9/5/2031 EUR 100,000
108,535
Star Energy Geothermal Wayang Windu Ltd.
(Indonesia)
(a)
6.75%
4/24/2033
$156,600
155,001
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Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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2
4
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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Electric (continued)
Terna - Rete Elettrica Nazionale
0.75%
7/24/2032 EUR 100,000 $
85,007
TransAlta Corp. (Canada)
(a)
7.75%
11/15/2029
$ 48,000
49,178
Tucson Electric Power Co.
1.50%
8/1/2030
60,000
47,900
Vattenfall AB
0.50%
6/24/2026 EUR 100,000
99,710
Total
2,200,930
Electrical Components & Equipment 0.99%
Acuity Brands Lighting, Inc.
2.15%
12/15/2030
$125,000
100,851
Signify NV
2.00%
5/11/2024 EUR 100,000
106,675
Total
207,526
Electronics 0.45%
Amphenol Corp.
2.80%
2/15/2030
$ 50,000
43,729
Hubbell, Inc.
3.50%
2/15/2028
55,000
51,446
Total
95,175
Energy-Alternate Sources 4.12%
Continental Wind LLC
†
6.00%
2/28/2033
49,200
48,786
EEW Energy from Waste GmbH
0.361%
6/30/2026 EUR 200,000
195,664
Hanwha Energy USA Holdings Corp.
†
4.125%
7/5/2025
$200,000
195,984
Scatec ASA
6.415%
(3 mo. EURIBOR + 2.50%)
#
8/19/2025 EUR 100,000
106,186
Sunnova Energy Corp.
†
5.875%
9/1/2026
$ 97,000
60,421
Sweihan PV Power Co. PJSC
(United Arab Emirates)
†(a)
3.625%
1/31/2049
189,834
149,987
TerraForm Power Operating LLC
†
4.75%
1/15/2030
55,000
49,082
Topaz Solar Farms LLC
†
5.75%
9/30/2039
61,417
60,864
Total
866,974
Engineering & Construction 0.47%
Jacobs Engineering Group, Inc.
5.90%
3/1/2033
101,000
99,371
Environmental Control 3.69%
Clean Harbors, Inc.
†
6.375%
2/1/2031
53,000
52,557
Derichebourg SA
2.25%
7/15/2028 EUR 100,000
97,916
FCC Servicios Medio Ambiente Holding SAU
1.661%
12/4/2026 EUR 100,000
101,013
GFL Environmental, Inc. (Canada)
†(a)
6.75%
1/15/2031
$ 60,000
60,560
Madison IAQ LLC
†
5.875%
6/30/2029
54,000
50,143
Paprec Holding SA
†
3.50%
7/1/2028 EUR 100,000
102,746
Seche Environnement SACA
2.25%
11/15/2028 EUR 100,000
98,200
Veralto Corp.
†
4.15%
9/19/2031 EUR 200,000
214,890
Total
778,025
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Food 0.42%
Kerry Group Financial Services Unltd. Co.
0.875%
12/1/2031 EUR 100,000
$ 88,101
Forest Products & Paper 0.48%
Ahlstrom Holding 3 OY
3.625%
2/4/2028 EUR 100,000
100,213
Health Care-Services 0.46%
Kaiser Foundation Hospitals
3.15%
5/1/2027
$ 67,000
63,243
Seattle Children’s Hospital
2.719%
10/1/2050
55,000
34,038
Total
97,281
Holding Companies-Diversified 0.51%
ProGroup AG
†
5.125%
4/15/2029 EUR 100,000
107,070
Insurance 0.89%
AXA SA
1.375%
(3 mo. EURIBOR + 2.40%)
#
10/7/2041 EUR 100,000
87,465
PartnerRe Ireland Finance DAC
1.25%
9/15/2026 EUR 100,000
100,671
Total
188,136
Machinery: Construction & Mining 0.33%
Vertiv Group Corp.
†
4.125%
11/15/2028
$ 75,000
69,528
Machinery-Diversified 0.81%
Mueller Water Products, Inc.
†
4.00%
6/15/2029
59,000
53,440
nVent Finance SARL (Luxembourg)
(a)
2.75%
11/15/2031
144,000
116,456
Total
169,896
Media 0.80%
VZ Secured Financing BV (Netherlands)
†(a)
5.00%
1/15/2032
200,000
168,657
Mining 0.48%
Novelis Sheet Ingot GmbH
†
3.375%
4/15/2029 EUR 100,000
100,694
Miscellaneous Manufacturing 1.45%
Eaton Corp.
4.15%
3/15/2033
$ 62,000
57,030
Pentair Finance SARL (Luxembourg)
(a)
4.50%
7/1/2029
45,000
42,885
Siemens Financieringsmaatschappij NV
3.375%
8/24/2031 EUR 100,000
107,415
Wabtec Transportation Netherlands BV
1.25%
12/3/2027 EUR 100,000
97,709
Total
305,039
Municipal 1.15%
Transport for London
2.125%
4/24/2025 GBP 200,000
242,360
Packaging & Containers 2.10%
Canpack SA/Canpack U.S. LLC (Poland)
†(a)
3.125%
11/1/2025
$200,000
192,006
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Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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4
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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Packaging & Containers (continued)
Owens-Brockway Glass Container, Inc.
†
7.25%
5/15/2031
$ 56,000
$ 56,156
Smurfit Kappa Treasury ULC
0.50%
9/22/2029 EUR 100,000
90,479
Trivium Packaging Finance BV
†
3.75%
8/15/2026 EUR 100,000
104,430
Total
443,071
Pharmaceuticals 0.59%
Eli Lilly & Co.
0.50%
9/14/2033 EUR 100,000
84,169
Pfizer, Inc.
2.625%
4/1/2030
$ 45,000
39,068
Total
123,237
Real Estate 2.16%
Blackstone Property Partners Europe
Holdings SARL
1.625%
4/20/2030 EUR 100,000
89,465
Kojamo OYJ
0.875%
5/28/2029 EUR 100,000
88,830
LEG Immobilien SE
0.75%
6/30/2031 EUR 100,000
83,955
Logicor Financing SARL
2.00%
1/17/2034 EUR 100,000
81,999
Vonovia SE
5.00%
11/23/2030 EUR 100,000
110,556
Total
454,805
REITS 1.67%
Digital Dutch Finco BV
1.00%
1/15/2032 EUR 100,000
84,015
Goodman U.S. Finance Five LLC
†
4.625%
5/4/2032
$ 83,000
74,387
HAT Holdings I LLC/HAT Holdings II LLC
†
3.75%
9/15/2030
72,000
59,816
Merlin Properties Socimi SA
1.375%
6/1/2030 EUR 100,000
90,849
Weyerhaeuser Co.
6.875%
12/15/2033
$ 40,000
42,566
Total
351,633
Sovereign 0.82%
European Union
1.25%
2/4/2043 EUR 226,755
173,572
Telecommunications 1.41%
NTT Finance Corp. (Japan)
†(a)
4.372%
7/27/2027
$200,000
193,918
Vmed O2 U.K. Financing I PLC
†
4.50%
7/15/2031 GBP 100,000
103,875
Total
297,793
Transportation 5.31%
Central Japan Railway Co. (Japan)
(a)
2.20%
10/2/2024
$400,000
393,402
Deutsche Bahn Finance GmbH
0.95%
(5 yr. EUR Swap + 1.26%)
#
–
(b)
EUR 100,000
103,145
Ferrovie dello Stato Italiane SpA
0.375%
3/25/2028 EUR 100,000
94,404
Firstgroup PLC
6.875%
9/18/2024 GBP 100,000
125,447
6
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Transportation (continued)
Getlink SE
3.50%
10/30/2025 EUR 100,000
$ 106,128
Hamburger Hochbahn AG
0.125%
2/24/2031 EUR 100,000
86,206
Ile-de-France Mobilites
0.40%
5/28/2031 EUR 100,000
87,791
Stagecoach Group Ltd.
4.00%
9/29/2025 GBP 100,000
120,897
Total
1,117,420
Water 4.03%
Aegea Finance SARL (Luxembourg)
†(a)
9.00%
1/20/2031
$200,000
209,433
American Water Capital Corp.
2.80%
5/1/2030
62,000
53,486
Severn Trent Utilities Finance PLC
4.625%
11/30/2034 GBP 100,000
114,718
Severn Trent Utilities Finance PLC
4.625%
11/30/2034 GBP 100,000
114,717
Suez SACA
2.875%
5/24/2034 EUR 100,000
96,560
United Utilities PLC (United Kingdom)
(a)
6.875%
8/15/2028
$ 50,000
52,102
Veolia Environnement SA
2.50%
(5 yr. EUR Swap + 2.84%)
#
–
(b)
EUR 100,000
96,376
Yorkshire Water Finance PLC
1.75%
11/26/2026 GBP 100,000
112,081
Total
849,473
Total Corporate Bonds
(cost $14,734,264)
13,904,813
FLOATING RATE LOANS
(c)
1.63%
Building & Construction 0.16%
Legence Holdings LLC 2021 Term Loan
8.916%
(1 mo. USD Term SOFR + 3.50%) 12/16/2027
$ 19,203
19,255
Thermostat Purchaser III, Inc. Term Loan
12.743%
(3 mo. USD Term SOFR + 4.50%)
8/31/2028
13,652
13,653
Total
32,908
Commercial Services 0.41%
IFCO Management GmbH 2024 EUR Term Loan B
-
(d)
11/29/2029
EUR 33,371
35,785
Techem Verwaltungsgesellschaft 675 GmbH
2024 EUR Term Loan B
-
(d)
7/15/2029
EUR 46,967
50,193
Total
85,978
Containers & Packaging 0.25%
Kouti BV 2021 EUR Term Loan
7.127%
(3 mo. USD Term SOFR + 3.18%)
8/31/2028
EUR 50,000
52,845
Electric: Generation 0.13%
ExGen Renewables IV LLC 2020 Term Loan
8.105%
(3 mo. USD Term SOFR + 2.50%) 12/15/2027
$ 27,838
27,881
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Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
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0
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2
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2
4
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
A
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2
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2
4
Energy: Alternate Sources 0.24%
TerraForm Power Operating LLC
2023 Term Loan B
7.902%
(3 mo. USD Term SOFR + 2.50%)
5/21/2029
$ 50,123
$ 50,100
Integrated Energy 0.08%
Esdec Solar Group BV Term Loan B
(Netherlands)
(a)
10.571%
(3 mo. USD Term SOFR + 5.00%)
8/30/2028
18,481
17,972
Machinery 0.12%
Array Technologies, Inc. Term Loan B
8.836%
(3 mo. USD Term SOFR + 3.25%) 10/14/2027
24,301
24,344
Service 0.24%
Service Logic Acquisition, Inc. Term Loan
9.43% - 9.59%
(1 mo. USD Term SOFR + 4.00%)
(3 mo. USD Term SOFR + 4.00%) 10/29/2027
49,871
50,059
Total Floating Rate Loans
(cost $343,204)
342,087
FOREIGN GOVERNMENT OBLIGATIONS 21.27%
Chile 0.49%
Chile Government International Bonds
0.83%
7/2/2031 EUR 117,000
102,418
France 4.53%
Action Logement Services
0.50%
10/30/2034 EUR 200,000
158,567
French Republic Government Bonds OAT
1.75%
6/25/2039 EUR 250,000
219,134
French Republic Government Bonds OAT
3.00%
6/25/2049 EUR 165,000
164,125
Ile-de-France Mobilites
0.40%
5/28/2031 EUR 100,000
87,791
SNCF Reseau
0.75%
5/25/2036 EUR 100,000
78,163
Societe Des Grands Projets EPIC
0.30%
9/2/2036 EUR 100,000
73,172
Societe Des Grands Projets EPIC
1.125%
5/25/2034 EUR 200,000
173,288
Total
954,240
Germany 5.42%
Bundesrepublik Deutschland Bundesanleihe Zero Coupon
8/15/2030 EUR 427,315
390,334
Bundesrepublik Deutschland Bundesanleihe Zero Coupon
8/15/2031 EUR 228,000
203,157
Bundesrepublik Deutschland Bundesanleihe
3.25%
7/4/2042 EUR 478,611
547,115
Total
1,140,606
Ireland 0.38%
Ireland Government Bonds
1.35%
3/18/2031
EUR 83,000
80,704
8
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Italy 1.22%
Italy Buoni Poliennali Del Tesoro
1.50%
4/30/2045 EUR 149,000
$ 100,263
Italy Buoni Poliennali Del Tesoro
4.00%
4/30/2035 EUR 145,000
156,361
Total
256,624
Japan 2.69%
Development Bank of Japan, Inc.
(a)
4.375%
9/22/2025
$200,000
196,821
Japan Bank for International Cooperation
(a)
1.625%
1/20/2027
200,000
182,185
Japan Finance Organization for Municipalities
0.01%
2/2/2028 EUR 200,000
188,469
Total
567,475
Netherlands 1.77%
Nederlandse Financierings-Maatschappij
voor Ontwikkelingslanden NV
3.00%
10/25/2027 EUR 200,000
213,242
Nederlandse Waterschapsbank NV
(a)
1.00%
5/28/2030
$200,000
159,083
Total
372,325
South Korea 0.94%
Korea Electric Power Corp.
†(a)
4.875%
1/31/2027
200,000
197,111
Spain 1.39%
Adif Alta Velocidad
0.55%
4/30/2030 EUR 200,000
179,859
Autonomous Community of Madrid
0.419%
4/30/2030
EUR 75,000
67,616
Spain Government Bonds
1.00%
7/30/2042
EUR 66,000
45,431
Total
292,906
Sweden 0.94%
Kommuninvest I Sverige AB
(a)
0.375%
6/19/2024
$200,000
198,661
United Kingdom 1.50%
U.K. Gilts
0.875%
7/31/2033 GBP 243,000
224,589
U.K. Gilts
1.50%
7/31/2053 GBP 150,000
91,617
Total
316,206
Total Foreign Government Obligations
(cost $4,752,879)
4,479,276
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS 0.41%
Federal Home Loan Mortgage Corp. Multifamily
Structured Pass-Through Certificates Series G07
Class A2 (Cost $90,810)
3.123%
#(e)
8/25/2032
$100,000
86,723
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9
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
A
p
r
i
l
3
0
,
2
0
2
4
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
A
p
r
i
l
3
0
,
2
0
2
4
MUNICIPAL BONDS 2.26%
Sales Tax 0.29%
Dallas Area Rapid Transit TX
2.534%
12/1/2036
$ 80,000
$ 60,701
Taxable Revenue - Water & Sewer 1.76%
City of Aurora Water Revenue CO
2.348%
8/1/2036
30,000
22,212
City of Dallas Waterworks & Sewer
System Revenue TX
2.772%
10/1/2040
75,000
53,047
City of Los Angeles Wastewater
System Revenue CA
5.713%
6/1/2039
50,000
50,351
City of Philadelphia Water &
Wastewater Revenue PA
1.734%
11/1/2028
40,000
34,853
City of San Francisco Public Utilities
Commission Water Revenue CA
6.00%
11/1/2040
100,000
101,590
Metropolitan Government of Nashville &
Davidson County Water & Sewer Revenue TN
2.611%
7/1/2036
20,000
14,860
New York City Municipal Water
Finance Authority NY
5.75%
6/15/2041
50,000
49,677
San Diego County Water Authority CA
1.951%
5/1/2034
60,000
45,222
Total
371,812
Transportation 0.21%
Metropolitan Transportation Authority NY
5.175%
11/15/2049
40,000
39,999
Metropolitan Transportation Authority NY
5.175%
11/15/2049
5,000
4,337
Total
44,336
Total Municipal Bonds
(cost $632,461)
476,849
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 0.22%
Federal Home Loan Mortgage Corp. Multifamily
ML Certificates Series 2023-ML15 Class A
(cost $46,626)
4.141%
#(e)
1/25/2040
49,603
45,774
U.S. TREASURY OBLIGATIONS 3.97%
U.S. Treasury Bonds
4.25%
2/15/2054
130,000
119,051
U.S. Treasury Notes
4.625%
2/28/2026
723,000
717,493
Total U.S. Treasury Obligations
(cost $842,249)
836,544
Total Long-Term Investments
(cost $21,625,341)
20,357,829
10
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SHORT-TERM INVESTMENTS 1.69%
REPURCHASE AGREEMENTS 1.69%
Repurchase Agreement dated 4/30/2024,
2.800%% due 5/1/2024 with Fixed Income
Clearing Corp. collateralized by $363,100 of
U.S. Treasury Note at 4.875% due 4/30/2026;
value: $362,405; proceeds: $355,271
(cost $355,244)
$355,244
$ 355,244
Total Investments in Securities 98.35%
(cost $21,980,585)
20,713,073
Other Assets and Liabilities – Net
(f)
1.65%
347,736
Net Assets 100.00%
$21,060,809
EUR Euro.
GBP British Pound.
EURIBOR Euro Interbank Offered Rate.
ICE Intercontinental Exchange.
REITS Real Estate Investment Trusts.
SOFR Secured Overnight Financing Rate.
‡
Principal Amount is denominated in U.S. dollars unless otherwise noted.
†
Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under
such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2024,
the total value of Rule 144A securities was $3,876,755, which represents 18.41% of net assets.
#
Variable rate security. The interest rate represents the rate in effect at April 30, 2024.
(a)
Foreign security traded in U.S. dollars.
(b)
Security is perpetual in nature and has no stated maturity.
(c)
Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically
re-
determined at a margin above the Secured Overnight Financing Rate (“SOFR”) or the prime rate offered
by major U.S. banks. The rate(s) shown is the rate(s) in effect at April 30, 2024.
(d)
Interest Rate to be determined.
(e)
Interest rate is based on the weighted average interest rates of the underlying mortgages within the
mortgage pool.
(f)
Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign
currency exchange contracts and futures contracts as follows:
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11
Interest Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
A
p
r
i
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3
0
,
2
0
2
4
Schedule of Investments (unaudited)(continued)
CLIMATE FOCUSED BOND FUND
A
p
r
i
l
3
0
,
2
0
2
4
Forward Foreign Currency Exchange Contracts at April 30, 2024:
F
orward
Foreign
U.S. $
Currency
Cost on
U.S. $
E
xchange
Transaction
Expiration
Foreign Origination
Current
Unrealized
Contracts
Type
Counterparty
Date Currency
Date
Value Appreciation
B
ritish pound
Buy
Goldman Sachs
5/17/2024
20,000
$ 24,987 $ 24,993
$ 6
B
ritish pound
Sell
Morgan Stanley
5/17/2024
763,000
963,174
953,477
9,697
British pound
Sell
Morgan Stanley
5/17/2024
91,000
114,962
113,717
1,245
British pound
Sell
Morgan Stanley
5/17/2024
263,000
335,653
328,656
6,997
British pound
Sell
Morgan Stanley
5/17/2024
97,000
122,627
121,215
1,412
Euro
Sell
Barclays Bank plc
5/22/2024
37,000
40,245
39,517
728
Euro
Sell
Morgan Stanley
5/22/2024 9,080,000
9,846,548 9,697,479
149,069
Euro
Sell
Morgan Stanley
5/22/2024
150,000
163,695
160,201
3,494
Euro
Sell
State Street Bank
and Trust
5/22/2024
97,000
105,336
103,596
1,740
Euro
Sell
State Street Bank
and Trust
5/22/2024
100,000
109,026
106,801
2,225
Euro
Sell
State Street Bank
and Trust
5/22/2024
152,000
164,588
162,336
2,252
Euro
Sell
State Street Bank
and Trust
5/22/2024
138,000
149,728
147,385
2,343
Euro
Sell
State Street Bank
and Trust
5/22/2024
105,000
113,492
112,141
1,351
Euro
Sell
State Street Bank
and Trust
5/22/2024
92,000
99,426
98,257
1,169
Euro
Sell
State Street Bank
and Trust
5/22/2024
7,000
7,501
7,476
25
Euro
Sell Toronto Dominion
Bank
5/22/2024
66,000
72,395
70,488
1,907
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
$185,660
Forward
Foreign
U.S. $
Currency
Cost on
U.S. $
Exchange
Transaction
Expiration
Foreign Origination
Current
Unrealized
Contracts
Type
Counterparty
Date Currency
Date
Value Depreciation
British pound
Buy
State Street Bank
and Trust
5/17/2024
88,000
$111,234 $109,969
$ (1,265)
Euro
Buy
Morgan Stanley
5/22/2024
88,000
95,500
93,984
(1,516)
Euro
Buy
State Street Bank
and Trust
5/22/2024
9,000
9,774
9,612
(162)
Euro
Buy
State Street Bank
and Trust
5/22/2024
171,000
186,695
182,629
(4,066)
Euro
Buy
State Street Bank
and Trust
5/22/2024
40,000
43,596
42,720
(876)
Euro
Buy
State Street Bank
and Trust
5/22/2024
77,000
83,801
82,237
(1,564)
Euro
Buy
State Street Bank
and Trust
5/22/2024
98,000
106,611
104,665
(1,946)
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts
$(11,395)
12
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Futures Contracts at April 30, 2024:
Notional
Notional
Unrealized
Type
Expiration
Contracts Position
Amount
Value Appreciation
U
.S. 10-Year Ultra Treasury Note June 2024
10
Short $(1,138,249) $(1,102,188)
$36,061
U.S. 5-Year Treasury Note
June 2024
24
Short
(2,556,880)
(2,513,813)
43,067
U.S. Long Bond
June 2024
2
Short
(235,874)
(227,625)
8,249
T
otal Unrealized Appreciation on Futures Contracts
$87,377
Notional
Notional
Unrealized
Type
Expiration
Contracts Position
Amount
Value Depreciation
Euro-Bund
June 2024
9
Long EUR 1,192,153 EUR 1,170,720
$(22,872)
Euro-Buxl
June 2024
7
Long
931,646
902,440
(31,169)
Euro-Schatz
June 2024
20
Long
2,108,908
2,102,200
(7,159)
U.S. 2-Year Treasury Note
June 2024
17
Long
$3,464,780
$3,445,156
(19,624)
U.S. Ultra Treasury Bond
June 2024
1
Long
126,127
119,563
(6,564)
Total Unrealized Depreciation on Futures Contracts
$(87,388)
The following is a summary of the inputs used as of April 30, 2024 in valuing the Fund’s investments carried
at fair value
(1)
:
Investment Type
(2)
Level 1
Level 2
Level 3
Total
Long-Term Investments
Asset-Backed Securities $ – $
50,094 $ – $
50,094
Convertible Bonds –
135,669 –
135,669
Corporate Bonds –
13,904,813 –
13,904,813
Floating Rate Loans –
342,087 –
342,087
Foreign Government Obligations –
4,479,276 –
4,479,276
Government Sponsored Enterprises
Collateralized Mortgage Obligations –
86,723 –
86,723
Municipal Bonds –
476,849 –
476,849
Non-Agency Commercial
Mortgage-Backed Securities –
45,774 –
45,774
U.S. Treasury Obligations –
836,544 –
836,544
Short-Term Investments
Repurchase Agreements –
355,244 –
355,244
Total $ – $
20,713,073 $ – $
20,713,073
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets $ – $
185,660 $ – $
185,660
Liabilities –
(11,395) –
(11,395)
Futures Contracts
Assets
87,377 – –
87,377
Liabilities
(87,388) – –
(87,388)
Total $
(11) $
174,265 $ – $
174,254
(1)
Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)
See Schedule of Investments for fair values in each industry. The table above is presented by Investment Type. Industries
are presented within an Investment Type should such Investment Type include securities classified as two or more levels
within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of
Investments along with the valuation technique utilized.
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3
investments at the beginning or end of the period in relation to the Fund’s net assets.
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13
Schedule of Investments (unaudited)(concluded)
CLIMATE FOCUSED BOND FUND
A
p
r
i
l
3
0
,
2
0
2
4
14
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Schedule of Investments (unaudited)
EMERGING MARKETS EQUITY FUND
A
p
r
i
l
3
0
,
2
0
2
4
LONG-TERM INVESTMENTS 98.07%
COMMON STOCKS 95.28%
Australia 0.97%
Metals & Mining
BHP Group Ltd.
1,833 $
50,272
Austria 1.21%
Banks
Erste Group Bank AG
1,338
62,398
Brazil 3.10%
Broadline Retail 1.21%
MercadoLibre, Inc.*
43
62,724
Capital Markets 0.31%
B3 SA - Brasil Bolsa Balcao
7,791
16,190
Metals & Mining 1.26%
Vale SA
5,322
64,867
Pharmaceuticals 0.32%
Hypera SA
2,914
16,566
Total Brazil
160,347
Canada 0.99%
Metals & Mining
Teck Resources Ltd. Class B
1,045
51,404
China 22.35%
Automobiles 1.42%
BYD Co. Ltd. Class H
2,669
73,164
Banks 3.23%
China Construction Bank
Corp. Class H
144,373
93,408
Industrial & Commercial
Bank of China Ltd. Class H 137,564
73,766
167,174
Beverages 1.54%
Kweichow Moutai Co. Ltd.
Class A
340
79,714
Broadline Retail 2.84%
Alibaba Group Holding Ltd.
9,939
93,059
PDD Holdings, Inc. ADR*
432
54,078
147,137
China (continued)
Electrical Equipment 1.23%
NARI Technology Co. Ltd.
Class A
19,720 $
63,779
Entertainment 1.61%
NetEase, Inc.
2,715
50,892
Tencent Music Entertainment
Group ADR*
2,586
32,454
83,346
Hotels, Restaurants & Leisure 1.60%
Meituan Class B
†
*
1,800
24,578
Trip.com Group Ltd.*
1,199
58,400
82,978
Insurance 0.69%
Ping An Insurance Group Co.
of China Ltd. Class H
7,885
35,735
Interactive Media & Services 4.52%
Tencent Holdings Ltd.
5,323
233,590
Machinery 0.77%
Sinotruk Hong Kong Ltd.
16,063
39,976
Marine Transportation 1.00%
SITC International Holdings
Co. Ltd.
23,954
51,947
Real Estate Management & Development 0.97%
KE Holdings, Inc. ADR
3,310
50,047
Textiles, Apparel & Luxury Goods 0.93%
ANTA Sports Products Ltd.
4,243
48,035
Total China
1,156,622
France 1.34%
Oil, Gas & Consumable Fuels 0.75%
TotalEnergies SE
535
38,841
Textiles, Apparel & Luxury Goods 0.59%
LVMH Moet Hennessy
Louis Vuitton SE
37
30,393
Total France
69,234
Greece 1.06%
Banks
National Bank of Greece SA* 6,781
54,709
U.S. $
Investments
Shares Fair Value
U.S. $
Investments
Shares Fair Value
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15
Schedule of Investments (unaudited)(continued)
EMERGING MARKETS EQUITY FUND
A
p
r
i
l
3
0
,
2
0
2
4
Hong Kong 1.55%
Insurance 0.48%
AIA Group Ltd.
3,400 $
24,903
Machinery 0.83%
Techtronic Industries Co. Ltd. 3,106
42,923
Semiconductors & Semiconductor Equipment 0.24%
ASMPT Ltd.
1,000
12,427
Total Hong Kong
80,253
Hungary 1.02%
Banks
OTP Bank Nyrt
1,070
53,035
India 19.38%
Automobiles 1.06%
Maruti Suzuki India Ltd.
359
55,078
Banks 3.07%
HDFC Bank Ltd.
3,755
68,193
ICICI Bank Ltd. ADR
3,287
90,491
158,684
Beverages 0.92%
Varun Beverages Ltd.
2,699
47,745
Chemicals 0.41%
Asian Paints Ltd.
613
21,086
Electric: Utilities 1.51%
Power Grid Corp. of India Ltd.
21,656
78,108
Health Care Providers & Services 1.20%
Max Healthcare Institute Ltd. 6,185
62,153
Hotels, Restaurants & Leisure 1.78%
MakeMyTrip Ltd.*
611
40,454
Zomato Ltd.*
22,469
51,857
92,311
Information Technology Services 1.37%
Persistent Systems Ltd.
607
24,419
Tata Consultancy Services Ltd. 1,014
46,279
70,698
Oil, Gas & Consumable Fuels 2.23%
Reliance Industries Ltd.
3,293
115,598
Personal Care Products 0.32%
Hindustan Unilever Ltd.
618
16,505
India (continued)
Pharmaceuticals 1.16%
Mankind Pharma Ltd.*
829 $
23,435
Torrent Pharmaceuticals Ltd. 1,155
36,486
59,921
Real Estate Management & Development 0.33%
Phoenix Mills Ltd.
446
16,821
Tobacco 1.34%
ITC Ltd.
13,298
69,339
Transportation Infrastructure 0.76%
Adani Ports & Special Economic
Zone Ltd.
2,467
39,082
Wireless Telecommunication Services 1.92%
Bharti Airtel Ltd.
6,275
99,325
Total India
1,002,454
Indonesia 1.24%
Banks 0.91%
Bank Negara Indonesia
Persero Tbk. PT
146,417
47,108
Broadline Retail 0.33%
Mitra Adiperkasa Tbk. PT
178,622
17,281
Total Indonesia
64,389
Mexico 4.39%
Banks 1.78%
Grupo Financiero Banorte
SAB de CV Class O
9,332
92,363
Beverages 1.34%
Fomento Economico Mexicano
SAB de CV ADR
589
69,302
Consumer Finance 0.54%
Gentera SAB de CV
17,358
27,834
Real Estate Management & Development 0.73%
Corp. Inmobiliaria Vesta
SAB de CV
10,687
37,811
Total Mexico
227,310
U.S. $
Investments
Shares Fair Value
U.S. $
Investments
Shares Fair Value
16
S
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N
o
t
e
s
t
o
S
c
h
e
d
u
l
e
o
f
I
n
v
e
s
t
m
e
n
t
s
.
Netherlands 1.13%
Semiconductors & Semiconductor Equipment
ASM International NV
42 $
26,420
ASML Holding NV
37
32,227
58,647
Peru 1.19%
Banks
Credicorp Ltd.
372
61,607
Philippines 0.97%
Banks
BDO Unibank, Inc.
19,488
49,995
Poland 1.00%
Insurance
Powszechny Zaklad
Ubezpieczen SA
4,098
51,577
South Korea 11.81%
Aerospace & Defense 0.91%
Hanwha Aerospace Co. Ltd.
151
22,936
LIG Nex1 Co. Ltd.
210
24,312
47,248
Automobiles 1.46%
Hyundai Motor Co.
193
34,716
Kia Corp.
481
40,752
75,468
Banks 0.88%
KB Financial Group, Inc.
841
45,613
Life Sciences Tools & Services 0.72%
Samsung Biologics Co. Ltd.
†
*
66
37,096
Semiconductors & Semiconductor Equipment 2.30%
SK Hynix, Inc.
964
118,963
Technology Hardware, Storage & Peripherals 5.54%
Samsung Electronics Co. Ltd. 5,156
286,605
Total South Korea
610,993
Spain 0.51%
Banks
Banco Bilbao Vizcaya
Argentaria SA
2,443
26,419
Switzerland 0.48%
Capital Markets
UBS Group AG Registered Shares 951 $
24,976
Taiwan 13.21%
Electrical Equipment 0.34%
Voltronic Power Technology Corp. 374
17,697
Electronic Equipment, Instruments & Components 1.67%
Hon Hai Precision Industry
Co. Ltd.
5,000
23,802
Lotes Co. Ltd.
600
26,282
Unimicron Technology Corp. 6,589
36,437
86,521
Semiconductors & Semiconductor Equipment 10.71%
King Yuan Electronics Co. Ltd. 6,000
17,459
MediaTek, Inc.
1,427
43,026
Taiwan Semiconductor
Manufacturing Co. Ltd.
20,604
493,337
553,822
Technology Hardware, Storage & Peripherals 0.49%
Quanta Computer, Inc.
3,233
25,373
Total Taiwan
683,413
Thailand 0.81%
Wireless Telecommunication Services
Advanced Info Service PCL
7,900
41,973
United Arab Emirates 1.16%
Real Estate Management & Development 0.66%
Emaar Development PJSC* 14,955
34,040
Transportation Infrastructure 0.50%
Salik Co. PJSC
27,375
25,788
Total United Arab Emirates
59,828
United Kingdom 1.56%
Banks
HSBC Holdings PLC
9,372
80,559
United States 2.85%
Oil, Gas & Consumable Fuels 1.90%
Shell PLC
2,762
98,185
Schedule of Investments (unaudited)(continued)
EMERGING MARKETS EQUITY FUND
A
p
r
i
l
3
0
,
2
0
2
4
U.S. $
Investments
Shares Fair Value
U.S. $
Investments
Shares Fair Value
S
e
e
N
o
t
e
s
t
o
S
c
h
e
d
u
l
e
o
f
I
n
v
e
s
t
m
e
n
t
s
.
17
Schedule of Investments (unaudited)(continued)
EMERGING MARKETS EQUITY FUND
A
p
r
i
l
3
0
,
2
0
2
4
U.S. $
Investments
Shares Fair Value
A
DR American Depositary Receipt.
*
Non-income producing security.
†
Security was purchased pursuant to Rule 144A
u
nder the Securities Act of 1933 and, unless
r
egistered under such Act or exempted from
registration, may only be resold to qualified
institutional buyers. At April 30, 2024, the total
value of Rule 144A securities was $61,674, which
represents 1.19% of net assets.
United States (continued)
Semiconductors & Semiconductor Equipment 0.95%
NVIDIA Corp.
57 $
49,249
Total United States
147,434
Total Common Stocks
(cost $4,294,386)
4,929,848
PREFERRED STOCKS 2.79%
Brazil 2.79%
Banks 1.29%
Itau Unibanco Holding SA
(cost $68,400)
11,062
66,807
Oil, Gas & Consumable Fuels 1.50%
Petroleo Brasileiro SA
(cost $50,752)
9,580
77,524
Total Brazil
144,331
Total Long-Term Investments
(cost $4,413,538)
5,074,179
Total Investments in Securities 98.07%
(cost $4,413,538)
$5,074,179
Other Assets and Liabilities – Net 1.93%
99,609
Net Assets 100.00%
$5,173,788