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As Of Filer Filing For·On·As Docs:Size Issuer Agent 5/30/18 KP Funds N-Q 3/31/18 2:8.0M Donnelley … Solutions/FA → KP Fixed Income Fund ⇒ Institutional Shares (KPFIX) → KP International Equity Fund ⇒ Institutional Shares (KPIEX) → KP Large Cap Equity Fund ⇒ Institutional Shares (KPLCX) → KP Retirement Path 2020 Fund ⇒ Institutional Shares (KPRBX) → KP Retirement Path 2025 Fund ⇒ Institutional Shares (KPRCX) → KP Retirement Path 2030 Fund ⇒ Institutional Shares (KPRDX) → KP Retirement Path 2035 Fund ⇒ Institutional Shares (KPREX) → KP Retirement Path 2040 Fund ⇒ Institutional Shares (KPRFX) → KP Retirement Path 2045 Fund ⇒ Institutional Shares (KPRGX) → KP Retirement Path 2050 Fund ⇒ Institutional Shares (KPRHX) → KP Retirement Path 2055 Fund ⇒ Institutional Shares (KPRIX) → KP Retirement Path 2060 Fund ⇒ Institutional Shares (KPRJX) → KP Retirement Path Retirement Income Fund ⇒ Institutional Shares (KPRAX) → KP Small Cap Equity Fund ⇒ Institutional Shares (KPSCX) |
Document/Exhibit Description Pages Size 1: N-Q Kp Fixed Income Fund HTML 5.56M 2: EX-99.CERT Certification Pursuant to Section 302 HTML 12K
KP Fixed Income Fund |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22838
The KP Funds
(Exact name of registrant as specified in charter)
SEI Investments
One Freedom Valley Drive
(Address of principal executive offices) (Zip code)
SEI Investments
One Freedom Valley Drive
(Name and address of agent for service)
Registrant’s telephone number, including area code: 855-457-3637
Date of fiscal year end: December 31, 2018
Date of reporting period: March 31, 2018
Item 1. Schedules of Investments
The registrant’s schedules as of the close of the reporting period, as set forth in §§ 210.12-12 through 210.12-14 of
Regulation S-X [17 CFS §§ 210-12.12-12.14], are attached hereto.
KP Retirement Path 2015 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 72.4% |
| |||||||
KP Fixed Income Fund |
17,955,583 | $ | 178,299 | |||||
KP International Equity Fund |
2,986,248 | 33,267 | ||||||
KP Large Cap Equity Fund |
6,199,531 | 80,470 | ||||||
KP Small Cap Equity Fund |
1,213,051 | 14,666 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
306,702 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 27.6% |
| |||||||
DFA Commodity Strategy Portfolio |
707,824 | 4,219 | ||||||
DFA International Real Estate Securities Portfolio |
801,323 | 4,135 | ||||||
Lazard Global Listed Infrastructure Portfolio |
265,379 | 3,997 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
425,774 | 4,262 | ||||||
T. Rowe Price New Era Fund, Cl I |
112,712 | 3,934 | ||||||
Vanguard Inflation-Protected Securities Fund |
1,282,438 | 13,209 | ||||||
Vanguard REIT Index Fund |
515,907 | 8,542 | ||||||
Vanguard Short-Term Bond Index Fund |
4,046,189 | 41,595 | ||||||
Vanguard Short-Term Inflation-Protected Securities Index Fund |
1,343,261 | 32,950 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
116,843 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 423,545 | ||||||
|
|
Percentages are based on Net Assets of $423,592 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
1
KP Retirement Path 2015 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 179,057 | $ | 14,494 | $ | (13,082 | ) | $ | (2,165 | ) | $ | (5 | ) | $ | 178,299 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
36,623 | 755 | (4,055 | ) | (756 | ) | 700 | 33,267 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
89,342 | 1,831 | (11,148 | ) | (2,753 | ) | 3,198 | 80,470 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
16,167 | 331 | (1,882 | ) | (347 | ) | 397 | 14,666 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 321,189 | $ | 17,411 | $ | (30,167 | ) | $ | (6,021 | ) | $ | 4,290 | $ | 306,702 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
2
KP Retirement Path 2020 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 75.8% |
| |||||||
KP Fixed Income Fund |
32,473,850 | $ | 322,465 | |||||
KP International Equity Fund |
8,569,592 | 95,465 | ||||||
KP Large Cap Equity Fund |
15,546,655 | 201,796 | ||||||
KP Small Cap Equity Fund |
3,616,234 | 43,720 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
663,446 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 24.2% |
| |||||||
DFA Commodity Strategy Portfolio |
1,498,240 | 8,930 | ||||||
DFA International Real Estate Securities Portfolio |
1,696,956 | 8,756 | ||||||
Lazard Global Listed Infrastructure Portfolio |
562,178 | 8,466 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
900,285 | 9,012 | ||||||
T. Rowe Price New Era Fund, Cl I |
239,008 | 8,341 | ||||||
Vanguard Inflation-Protected Securities Fund |
2,608,752 | 26,870 | ||||||
Vanguard REIT Index Fund |
1,049,690 | 17,383 | ||||||
Vanguard Short-Term Bond Index Fund |
6,880,234 | 70,729 | ||||||
Vanguard Short-Term Inflation-Protected Securities Index Fund |
2,163,731 | 53,077 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
211,564 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 875,010 | ||||||
|
|
Percentages are based on Net Assets of $875,089 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
3
KP Retirement Path 2020 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 309,890 | $ | 26,899 | $ | (10,569 | ) | $ | (3,742 | ) | $ | (13 | ) | $ | 322,465 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
101,298 | 2,744 | (8,354 | ) | (1,710 | ) | 1,487 | 95,465 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
215,339 | 5,819 | (20,196 | ) | (5,032 | ) | 5,866 | 201,796 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
46,447 | 1,249 | (4,094 | ) | (753 | ) | 871 | 43,720 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 672,974 | $ | 36,711 | $ | (43,213 | ) | $ | (11,237 | ) | $ | 8,211 | $ | 663,446 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
4
KP Retirement Path 2025 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 80.6% |
| |||||||
KP Fixed Income Fund |
33,313,071 | $ | 330,799 | |||||
KP International Equity Fund |
14,416,746 | 160,603 | ||||||
KP Large Cap Equity Fund |
23,325,786 | 302,769 | ||||||
KP Small Cap Equity Fund |
6,242,541 | 75,472 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
869,643 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 19.4% |
| |||||||
DFA Commodity Strategy Portfolio |
1,886,349 | 11,243 | ||||||
DFA International Real Estate Securities Portfolio |
2,137,979 | 11,032 | ||||||
Lazard Global Listed Infrastructure Portfolio |
709,026 | 10,678 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
1,133,314 | 11,344 | ||||||
T. Rowe Price New Era Fund, Cl I |
301,499 | 10,522 | ||||||
Vanguard Inflation-Protected Securities Fund |
3,180,545 | 32,760 | ||||||
Vanguard REIT Index Fund |
1,279,891 | 21,195 | ||||||
Vanguard Short-Term Bond Index Fund |
5,680,566 | 58,396 | ||||||
Vanguard Short-Term Inflation-Protected Securities Index Fund |
1,743,666 | 42,772 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
209,942 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 1,079,585 | ||||||
|
|
Percentages are based on Net Assets of $1,079,644 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
5
KP Retirement Path 2025 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 307,654 | $ | 31,742 | $ | (4,878 | ) | $ | (3,708 | ) | $ | (11 | ) | $ | 330,799 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
164,867 | 5,562 | (9,267 | ) | (2,228 | ) | 1,669 | 160,603 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
313,441 | 10,521 | (22,010 | ) | (5,612 | ) | 6,429 | 302,769 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
77,485 | 2,598 | (4,753 | ) | (875 | ) | 1,017 | 75,472 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 863,447 | $ | 50,423 | $ | (40,908 | ) | $ | (12,423 | ) | $ | 9,104 | $ | 869,643 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
6
KP Retirement Path 2030 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 85.6% |
| |||||||
KP Fixed Income Fund |
26,164,618 | $ | 259,815 | |||||
KP International Equity Fund |
18,074,612 | 201,351 | ||||||
KP Large Cap Equity Fund |
25,558,964 | 331,755 | ||||||
KP Small Cap Equity Fund |
7,721,965 | 93,359 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
886,280 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 14.4% |
| |||||||
DFA Commodity Strategy Portfolio |
1,726,107 | 10,288 | ||||||
DFA International Real Estate Securities Portfolio |
1,956,885 | 10,098 | ||||||
Lazard Global Listed Infrastructure Portfolio |
649,258 | 9,778 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
1,037,119 | 10,382 | ||||||
T. Rowe Price New Era Fund, Cl I |
276,030 | 9,633 | ||||||
Vanguard Inflation-Protected Securities Fund |
2,889,061 | 29,757 | ||||||
Vanguard REIT Index Fund |
1,162,698 | 19,254 | ||||||
Vanguard Short-Term Bond Index Fund |
2,959,667 | 30,425 | ||||||
Vanguard Short-Term Inflation-Protected Securities Index Fund |
816,513 | 20,029 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
149,644 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 1,035,924 | ||||||
|
|
Percentages are based on Net Assets of $1,035,943 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
7
KP Retirement Path 2030 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 238,907 | $ | 27,720 | $ | (3,915 | ) | $ | (2,886 | ) | $ | (11 | ) | $ | 259,815 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
203,754 | 8,249 | (9,831 | ) | (2,567 | ) | 1,746 | 201,351 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
337,314 | 13,636 | (19,764 | ) | (5,172 | ) | 5,741 | 331,755 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
94,220 | 3,801 | (4,795 | ) | (886 | ) | 1,019 | 93,359 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 874,195 | $ | 53,406 | $ | (38,305 | ) | $ | (11,511 | ) | $ | 8,495 | $ | 886,280 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
8
KP Retirement Path 2035 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 90.0% |
| |||||||
KP Fixed Income Fund |
24,063,155 | $ | 238,947 | |||||
KP International Equity Fund |
24,966,423 | 278,126 | ||||||
KP Large Cap Equity Fund |
30,972,799 | 402,027 | ||||||
KP Small Cap Equity Fund |
10,619,357 | 128,388 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
1,047,488 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 10.0% |
| |||||||
DFA Commodity Strategy Portfolio |
1,745,550 | 10,403 | ||||||
DFA International Real Estate Securities Portfolio |
1,979,705 | 10,215 | ||||||
Lazard Global Listed Infrastructure Portfolio |
657,202 | 9,897 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
1,048,842 | 10,500 | ||||||
T. Rowe Price New Era Fund, Cl I |
279,378 | 9,750 | ||||||
Vanguard Inflation-Protected Securities Fund |
2,901,440 | 29,885 | ||||||
Vanguard REIT Index Fund |
1,167,712 | 19,338 | ||||||
Vanguard Short-Term Bond Index Fund |
1,031,745 | 10,606 | ||||||
Vanguard Short-Term Inflation-Protected Securities Index Fund |
217,208 | 5,328 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
115,922 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 1,163,410 | ||||||
|
|
Percentages are based on Net Assets of $1,163,396 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
9
KP Retirement Path 2035 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 216,991 | $ | 28,187 | $ | (3,603 | ) | $ | (2,622 | ) | $ | (6 | ) | $ | 238,947 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
277,208 | 12,808 | (10,588 | ) | (3,160 | ) | 1,858 | 278,126 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
403,680 | 18,578 | (20,657 | ) | (5,560 | ) | 5,986 | 402,027 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
127,924 | 5,875 | (5,550 | ) | (1,035 | ) | 1,174 | 128,388 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 1,025,803 | $ | 65,448 | $ | (40,398 | ) | $ | (12,377 | ) | $ | 9,012 | $ | 1,047,488 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
10
KP Retirement Path 2040 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 93.0% |
| |||||||
KP Fixed Income Fund |
18,420,598 | $ | 182,917 | |||||
KP International Equity Fund |
26,545,626 | 295,718 | ||||||
KP Large Cap Equity Fund |
30,012,565 | 389,563 | ||||||
KP Small Cap Equity Fund |
11,175,150 | 135,108 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
1,003,306 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 7.0% |
| |||||||
DFA Commodity Strategy Portfolio |
1,333,887 | 7,950 | ||||||
DFA International Real Estate Securities Portfolio |
1,513,270 | 7,808 | ||||||
Lazard Global Listed Infrastructure Portfolio |
502,742 | 7,571 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
801,552 | 8,024 | ||||||
T. Rowe Price New Era Fund, Cl I |
213,677 | 7,457 | ||||||
Vanguard Inflation-Protected Securities Fund |
2,191,006 | 22,567 | ||||||
Vanguard REIT Index Fund |
881,847 | 14,604 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
75,981 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 1,079,287 | ||||||
|
|
Percentages are based on Net Assets of $1,079,255 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. During the period ended March 31, 2018, there were no Level 3 investments.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
11
KP Retirement Path 2040 Fund
Schedule of Investments
March 31, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 164,735 | $ | 22,209 | $ | (2,030 | ) | $ | (1,993 | ) | $ | (4 | ) | $ | 182,917 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
290,421 | 14,740 | (7,906 | ) | (2,911 | ) | 1,374 | 295,718 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
385,954 | 19,485 | (16,053 | ) | (4,477 | ) | 4,654 | 389,563 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
132,342 | 6,690 | (4,012 | ) | (759 | ) | 847 | 135,108 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 973,452 | $ | 63,124 | $ | (30,001 | ) | $ | (10,140 | ) | $ | 6,871 | $ | 1,003,306 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “-“ are $0 or have been rounded to $0.
12
KP Retirement Path 2045 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 94.4% |
| |||||||
KP Fixed Income Fund |
11,628,836 | $ | 115,474 | |||||
KP International Equity Fund |
21,077,202 | 234,800 | ||||||
KP Large Cap Equity Fund |
22,905,931 | 297,320 | ||||||
KP Small Cap Equity Fund |
8,964,287 | 108,378 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
755,972 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 5.6% |
| |||||||
DFA Commodity Strategy Portfolio |
789,116 | 4,703 | ||||||
DFA International Real Estate Securities Portfolio |
895,520 | 4,621 | ||||||
Lazard Global Listed Infrastructure Portfolio |
297,587 | 4,482 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
474,085 | 4,745 | ||||||
T. Rowe Price New Era Fund, Cl I |
126,503 | 4,415 | ||||||
Vanguard Inflation-Protected Securities Fund |
1,274,133 | 13,124 | ||||||
Vanguard REIT Index Fund |
512,834 | 8,492 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
|
44,582 | ||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
|
$ | 800,554 | |||||
|
|
Percentages are based on Net Assets of $800,528 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. During the period ended March 31, 2018, there were no Level 3 investments.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized (Depreciation) |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 103,026 | $ | 15,150 | $ | (1,457 | ) | $ | (1,244 | ) | $ | (1 | ) | $ | 115,474 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
227,002 | 14,081 | (4,963 | ) | (2,159 | ) | 839 | 234,800 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
291,029 | 17,893 | (11,600 | ) | (3,354 | ) | 3,352 | 297,320 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
104,856 | 6,457 | (2,979 | ) | (581 | ) | 625 | 108,378 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 725,913 | $ | 53,581 | $ | (20,999 | ) | $ | (7,338 | ) | $ | 4,815 | $ | 755,972 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
KP Retirement Path 2050 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 94.9% |
| |||||||
KP Fixed Income Fund |
5,561,454 | $ | 55,225 | |||||
KP International Equity Fund |
12,167,960 | 135,551 | ||||||
KP Large Cap Equity Fund |
13,127,442 | 170,394 | ||||||
KP Small Cap Equity Fund |
5,171,607 | 62,525 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
423,695 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 5.1% |
| |||||||
DFA Commodity Strategy Portfolio |
413,945 | 2,467 | ||||||
DFA International Real Estate Securities Portfolio |
470,205 | 2,426 | ||||||
Lazard Global Listed Infrastructure Portfolio |
156,388 | 2,355 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
248,558 | 2,488 | ||||||
T. Rowe Price New Era Fund, Cl I |
66,510 | 2,321 | ||||||
Vanguard Inflation-Protected Securities Fund |
634,942 | 6,540 | ||||||
Vanguard REIT Index Fund |
255,576 | 4,233 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
22,830 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 446,525 | ||||||
|
|
Percentages are based on Net Assets of $446,511 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. During the period ended March 31, 2018, there were no Level 3 investments.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized (Depreciation) |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 47,536 | $ | 8,975 | $ | (716 | ) | $ | (569 | ) | $ | (1 | ) | $ | 55,225 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
126,616 | 12,430 | (2,664 | ) | (1,094 | ) | 263 | 135,551 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
161,162 | 15,685 | (6,261 | ) | (2,001 | ) | 1,809 | 170,394 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
58,229 | 5,697 | (1,383 | ) | (301 | ) | 283 | 62,525 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 393,543 | $ | 42,787 | $ | (11,024 | ) | $ | (3,965 | ) | $ | 2,354 | $ | 423,695 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14
KP Retirement Path 2055 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 94.9% |
| |||||||
KP Fixed Income Fund |
1,481,059 | $ | 14,707 | |||||
KP International Equity Fund |
3,562,529 | 39,687 | ||||||
KP Large Cap Equity Fund |
3,829,580 | 49,707 | ||||||
KP Small Cap Equity Fund |
1,491,916 | 18,037 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
122,138 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 5.1% |
| |||||||
DFA Commodity Strategy Portfolio |
124,642 | 743 | ||||||
DFA International Real Estate Securities Portfolio |
141,788 | 732 | ||||||
Lazard Global Listed Infrastructure Portfolio |
47,235 | 711 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
74,793 | 749 | ||||||
T. Rowe Price New Era Fund, Cl I |
20,093 | 701 | ||||||
Vanguard Inflation-Protected Securities Fund |
173,746 | 1,790 | ||||||
Vanguard REIT Index Fund |
69,950 | 1,158 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
6,584 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 128,722 | ||||||
|
|
Percentages are based on Net Assets of $128,718 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. During the period ended March 31, 2018, there were no Level 3 investments.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized (Depreciation) |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 11,964 | $ | 3,204 | $ | (319 | ) | $ | (135 | ) | $ | (7 | ) | $ | 14,707 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
34,624 | 6,410 | (1,052 | ) | (512 | ) | 217 | 39,687 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
43,926 | 8,064 | (2,103 | ) | (533 | ) | 353 | 49,707 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
15,711 | 2,895 | (539 | ) | (129 | ) | 99 | 18,037 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 106,225 | $ | 20,573 | $ | (4,013 | ) | $ | (1,309 | ) | $ | 662 | $ | 122,138 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15
KP Retirement Path 2060 Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Affiliated Registered Investment Companies — 94.9% |
| |||||||
KP Fixed Income Fund |
310,246 | $ | 3,081 | |||||
KP International Equity Fund |
741,150 | 8,256 | ||||||
KP Large Cap Equity Fund |
797,175 | 10,347 | ||||||
KP Small Cap Equity Fund |
310,414 | 3,753 | ||||||
|
|
|||||||
Total Affiliated Registered Investment Companies |
25,437 | |||||||
|
|
|||||||
Unaffiliated Registered Investment Companies — 5.1% |
| |||||||
DFA Commodity Strategy Portfolio |
25,266 | 151 | ||||||
DFA International Real Estate Securities Portfolio |
28,606 | 148 | ||||||
Lazard Global Listed Infrastructure Portfolio |
9,484 | 143 | ||||||
T. Rowe Price Institutional Floating Rate Fund |
15,145 | 152 | ||||||
T. Rowe Price New Era Fund, Cl I |
4,039 | 141 | ||||||
Vanguard Inflation-Protected Securities Fund |
37,556 | 387 | ||||||
Vanguard REIT Index Fund |
15,125 | 249 | ||||||
|
|
|||||||
Total Unaffiliated Registered Investment Companies |
1,371 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 26,808 | ||||||
|
|
Percentages are based on Net Assets of $26,807 (000).
Cl – Class
REIT – Real Estate Investment Trust
As of March 31, 2018, all of the Fund’s investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.
For the period ended March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. During the period ended March 31, 2018, there were no Level 3 investments.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov or the individual Registered Investment Company’s website.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended March 31, 2018 (000):
Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized (Depreciation) |
Realized Gain (Loss) |
Value 3/31/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
KP Fixed Income Fund |
$ | 2,462 | $ | 936 | $ | (287 | ) | $ | (20 | ) | $ | (10 | ) | $ | 3,081 | $ | - | $ | - | |||||||||||||
KP International Equity Fund |
7,123 | 2,055 | (839 | ) | (272 | ) | 189 | 8,256 | - | - | ||||||||||||||||||||||
KP Large Cap Equity Fund |
9,032 | 2,584 | (1,213 | ) | (330 | ) | 274 | 10,347 | - | - | ||||||||||||||||||||||
KP Small Cap Equity Fund |
3,231 | 928 | (392 | ) | (95 | ) | 81 | 3,753 | - | - | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Totals |
$ | 21,848 | $ | 6,503 | $ | (2,731 | ) | $ | (717 | ) | $ | 534 | $ | 25,437 | $ | - | $ | - | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Common Stock — 98.1% |
||||||||
Consumer Discretionary – 13.1% |
| |||||||
Advance Auto Parts |
2,123 | $ | 252 | |||||
Amazon.com* |
47,520 | 68,778 | ||||||
Aptiv* |
41,891 | 3,559 | ||||||
AutoZone* |
1,480 | 960 | ||||||
Best Buy |
35,876 | 2,511 | ||||||
Booking Holdings* |
12,635 | 26,286 | ||||||
BorgWarner |
5,697 | 286 | ||||||
Brunswick |
8,730 | 518 | ||||||
Burlington Stores* |
3,621 | 482 | ||||||
CarMax* |
5,489 | 340 | ||||||
Carnival |
42,489 | 2,786 | ||||||
Carter’s |
5,649 | 588 | ||||||
CBS, Cl B |
10,241 | 526 | ||||||
Charter Communications, Cl A* |
5,500 | 1,712 | ||||||
Chipotle Mexican Grill, Cl A* |
751 | 243 | ||||||
Comcast, Cl A |
412,899 | 14,109 | ||||||
Darden Restaurants |
28,282 | 2,411 | ||||||
Discovery Communications, Cl A* |
4,793 | 103 | ||||||
Discovery Communications, Cl C* |
8,246 | 161 | ||||||
DISH Network, Cl A* |
6,700 | 254 | ||||||
Dollar General |
78,814 | 7,373 | ||||||
Dollar Tree* |
21,611 | 2,051 | ||||||
DR Horton |
36,841 | 1,615 | ||||||
Expedia |
3,580 | 395 | ||||||
Extended Stay America |
45,455 | 899 | ||||||
Foot Locker |
12,519 | 570 | ||||||
Ford Motor |
116,652 | 1,292 | ||||||
Fossil Group* |
700 | 9 | ||||||
Gap |
6,862 | 214 | ||||||
Garmin |
3,349 | 197 | ||||||
General Motors |
65,402 | 2,377 | ||||||
Genuine Parts |
4,315 | 388 | ||||||
Goodyear Tire & Rubber |
7,530 | 200 | ||||||
Graham Holdings, Cl B |
703 | 423 | ||||||
H&R Block |
27,978 | 711 | ||||||
Hanesbrands |
92,111 | 1,697 | ||||||
Harley-Davidson |
16,878 | 724 | ||||||
Hasbro |
11,436 | 964 | ||||||
Hilton Grand Vacations* |
38,984 | 1,677 | ||||||
Hilton Worldwide Holdings |
98,681 | 7,772 | ||||||
Home Depot |
49,204 | 8,770 | ||||||
Hyatt Hotels, Cl A |
11,615 | 886 | ||||||
International Game Technology |
22,627 | 605 | ||||||
Interpublic Group of Companies |
135,525 | 3,121 | ||||||
John Wiley & Sons, Cl A |
38,264 | 2,437 | ||||||
Johnson Controls International |
207,603 | 7,316 | ||||||
Kohl’s |
6,850 | 449 |
Description | Shares | Value (000) | ||||||
L Brands |
7,325 | $ | 280 | |||||
Las Vegas Sands |
97,334 | 6,998 | ||||||
Lear |
10,129 | 1,885 | ||||||
Leggett & Platt |
4,046 | 179 | ||||||
Lennar, Cl A |
8,295 | 489 | ||||||
Liberty Interactive QVC Group, Cl A* |
10,630 | 268 | ||||||
Live Nation Entertainment* |
33,314 | 1,404 | ||||||
LKQ* |
9,400 | 357 | ||||||
Lowe’s |
74,624 | 6,548 | ||||||
Lululemon Athletica* |
3,768 | 336 | ||||||
Macy’s |
8,842 | 263 | ||||||
Marriott International, Cl A |
8,934 | 1,215 | ||||||
Mattel* |
9,790 | 129 | ||||||
McDonald’s |
29,052 | 4,543 | ||||||
MGM Resorts International |
14,800 | 518 | ||||||
Michael Kors Holdings* |
62,524 | 3,881 | ||||||
Michaels* |
10,122 | 199 | ||||||
Mohawk Industries* |
1,901 | 441 | ||||||
Netflix* |
34,313 | 10,134 | ||||||
Newell Brands |
50,952 | 1,298 | ||||||
News, Cl A |
35,756 | 565 | ||||||
News, Cl B |
3,100 | 50 | ||||||
NIKE, Cl B |
71,551 | 4,754 | ||||||
Nordstrom |
3,649 | 177 | ||||||
Norwegian Cruise Line Holdings* |
6,000 | 318 | ||||||
NVR* |
1,125 | 3,150 | ||||||
Omnicom Group |
70,608 | 5,131 | ||||||
O’Reilly Automotive* |
2,569 | 635 | ||||||
PulteGroup |
14,204 | 419 | ||||||
PVH |
2,242 | 339 | ||||||
Ralph Lauren, Cl A |
24,979 | 2,793 | ||||||
Restaurant Brands International |
33,400 | 1,901 | ||||||
Ross Stores |
108,274 | 8,443 | ||||||
Royal Caribbean Cruises |
60,999 | 7,182 | ||||||
Signet Jewelers |
13,750 | 530 | ||||||
Skechers U.S.A., Cl A* |
23,627 | 919 | ||||||
Starbucks |
42,067 | 2,435 | ||||||
Tapestry |
8,289 | 436 | ||||||
Target |
30,072 | 2,088 | ||||||
TEGNA |
104,207 | 1,187 | ||||||
Tesla* |
15,289 | 4,069 | ||||||
Thor Industries |
5,122 | 590 | ||||||
Tiffany |
2,992 | 292 | ||||||
Time Warner |
41,607 | 3,935 | ||||||
TJX |
25,137 | 2,050 | ||||||
Tractor Supply |
3,743 | 236 | ||||||
TripAdvisor* |
2,893 | 118 | ||||||
Twenty-First Century Fox |
12,700 | 462 | ||||||
Twenty-First Century Fox, Cl A |
47,414 | 1,740 | ||||||
Ulta Beauty* |
1,700 | 347 | ||||||
Under Armour, Cl A* |
4,700 | 77 |
17
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Under Armour, Cl C* |
4,720 | $ | 68 | |||||
Urban Outfitters* |
9,964 | 368 | ||||||
VF |
9,914 | 735 | ||||||
Viacom, Cl B |
10,421 | 324 | ||||||
Walt Disney |
63,038 | 6,332 | ||||||
Whirlpool |
6,839 | 1,047 | ||||||
Wyndham Worldwide |
2,965 | 339 | ||||||
Wynn Resorts |
4,149 | 757 | ||||||
Yum! Brands |
38,759 | 3,300 | ||||||
|
|
|||||||
294,000 | ||||||||
|
|
|||||||
Consumer Staples – 6.5% |
||||||||
Altria Group |
132,066 | 8,230 | ||||||
Archer-Daniels-Midland |
95,416 | 4,138 | ||||||
Brown-Forman, Cl B |
7,905 | 430 | ||||||
Bunge |
1,879 | 139 | ||||||
Campbell Soup |
5,513 | 239 | ||||||
Church & Dwight |
7,300 | 368 | ||||||
Clorox |
3,925 | 523 | ||||||
Coca-Cola |
126,766 | 5,505 | ||||||
Colgate-Palmolive |
26,131 | 1,873 | ||||||
Conagra Brands |
92,596 | 3,415 | ||||||
Constellation Brands, Cl A |
13,094 | 2,984 | ||||||
Costco Wholesale |
13,147 | 2,477 | ||||||
Coty, Cl A |
90,600 | 1,658 | ||||||
CVS Health |
39,303 | 2,445 | ||||||
Danone |
21,953 | 1,776 | ||||||
Diageo |
123,798 | 4,189 | ||||||
Dr Pepper Snapple Group |
5,430 | 643 | ||||||
Estee Lauder, Cl A |
38,389 | 5,748 | ||||||
Flowers Foods |
21,650 | 473 | ||||||
General Mills |
106,467 | 4,797 | ||||||
Hershey |
23,356 | 2,311 | ||||||
Hormel Foods |
7,670 | 263 | ||||||
Ingredion |
5,763 | 743 | ||||||
JM Smucker |
16,879 | 2,093 | ||||||
Kellogg |
7,203 | 468 | ||||||
Kimberly-Clark |
17,216 | 1,896 | ||||||
Kraft Heinz |
17,839 | 1,111 | ||||||
Kroger |
26,600 | 637 | ||||||
McCormick |
3,530 | 376 | ||||||
Molson Coors Brewing, Cl B |
5,476 | 413 | ||||||
Mondelez International, Cl A |
43,994 | 1,836 | ||||||
Monster Beverage* |
12,420 | 711 | ||||||
Nestle |
72,476 | 5,733 | ||||||
Nu Skin Enterprises, Cl A |
24,439 | 1,801 | ||||||
PepsiCo |
98,267 | 10,726 | ||||||
Philip Morris International |
244,796 | 24,333 | ||||||
Pinnacle Foods |
69,773 | 3,775 | ||||||
Procter & Gamble |
130,853 | 10,374 | ||||||
Reckitt Benckiser Group |
22,284 | 1,887 | ||||||
Rite Aid* |
11,397 | 19 |
Description | Shares | Value (000) | ||||||
Sysco |
57,595 | $ | 3,453 | |||||
Tyson Foods, Cl A |
32,058 | 2,346 | ||||||
US Foods Holding* |
44,579 | 1,461 | ||||||
Walgreens Boots Alliance |
40,021 | 2,620 | ||||||
Wal-Mart Stores |
124,343 | 11,063 | ||||||
|
|
|||||||
144,499 | ||||||||
|
|
|||||||
Energy – 4.2% |
||||||||
Anadarko Petroleum |
73,681 | 4,451 | ||||||
Andeavor |
4,232 | 426 | ||||||
Apache |
11,196 | 431 | ||||||
Baker Hughes a GE |
12,723 | 353 | ||||||
Cabot Oil & Gas |
13,434 | 322 | ||||||
Chevron |
97,709 | 11,143 | ||||||
Cimarex Energy |
2,800 | 262 | ||||||
Concho Resources* |
4,500 | 676 | ||||||
ConocoPhillips |
89,558 | 5,310 | ||||||
Devon Energy |
76,928 | 2,445 | ||||||
EOG Resources |
55,001 | 5,790 | ||||||
EQT |
7,463 | 355 | ||||||
Exxon Mobil |
240,864 | 17,971 | ||||||
Halliburton |
27,882 | 1,309 | ||||||
Helmerich & Payne |
3,287 | 219 | ||||||
Hess |
7,896 | 400 | ||||||
HollyFrontier |
22,287 | 1,089 | ||||||
Kinder Morgan |
56,223 | 847 | ||||||
Marathon Oil |
196,410 | 3,168 | ||||||
Marathon Petroleum |
97,495 | 7,128 | ||||||
National Oilwell Varco |
11,046 | 407 | ||||||
Newfield Exploration* |
5,837 | 142 | ||||||
Noble Energy |
14,126 | 428 | ||||||
Occidental Petroleum |
62,878 | 4,084 | ||||||
Oceaneering International* |
8,962 | 166 | ||||||
ONEOK |
12,260 | 698 | ||||||
Phillips 66 |
12,445 | 1,194 | ||||||
Pioneer Natural Resources |
6,795 | 1,167 | ||||||
Range Resources |
6,085 | 88 | ||||||
Schlumberger |
136,193 | 8,823 | ||||||
Southwestern Energy* |
169,054 | 732 | ||||||
TechnipFMC |
12,912 | 380 | ||||||
Valero Energy |
72,160 | 6,694 | ||||||
Whiting Petroleum* |
76,184 | 2,578 | ||||||
Williams |
24,791 | 616 | ||||||
World Fuel Services |
57,633 | 1,415 | ||||||
|
|
|||||||
93,707 | ||||||||
|
|
|||||||
Financials – 15.9% |
||||||||
Affiliated Managers Group |
1,700 | 322 | ||||||
Aflac |
63,406 | 2,775 | ||||||
Allstate |
64,285 | 6,094 | ||||||
American Express |
98,149 | 9,155 | ||||||
American Financial Group |
15,494 | 1,739 | ||||||
American International Group |
26,833 | 1,460 |
18
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Ameriprise Financial |
32,669 | $ | 4,833 | |||||
Aon |
55,043 | 7,724 | ||||||
Arthur J Gallagher |
5,300 | 364 | ||||||
Assurant |
20,416 | 1,866 | ||||||
Athene Holding, Cl A* |
16,948 | 810 | ||||||
Axis Capital Holdings |
7,227 | 416 | ||||||
Bank of America |
671,663 | 20,143 | ||||||
Bank of New York Mellon |
109,668 | 5,651 | ||||||
BB&T |
27,210 | 1,416 | ||||||
Berkshire Hathaway, Cl B* |
99,794 | 19,907 | ||||||
BGC Partners, Cl A |
19,618 | 264 | ||||||
BlackRock, Cl A |
19,879 | 10,769 | ||||||
Brighthouse Financial* |
2,732 | 140 | ||||||
Capital One Financial |
59,840 | 5,734 | ||||||
Cboe Global Markets |
3,300 | 377 | ||||||
Charles Schwab |
130,498 | 6,815 | ||||||
Chubb |
63,256 | 8,651 | ||||||
Cincinnati Financial |
4,457 | 331 | ||||||
Citigroup |
238,069 | 16,070 | ||||||
Citizens Financial Group |
121,852 | 5,115 | ||||||
CME Group, Cl A |
18,606 | 3,009 | ||||||
Comerica |
10,604 | 1,017 | ||||||
Discover Financial Services |
40,956 | 2,946 | ||||||
E*TRADE Financial* |
7,901 | 438 | ||||||
Erie Indemnity, Cl A |
1,577 | 185 | ||||||
Everest Re Group |
15,547 | 3,993 | ||||||
Federated Investors, Cl B |
6,582 | 220 | ||||||
Fifth Third Bancorp |
20,914 | 664 | ||||||
FNF Group |
52,498 | 2,101 | ||||||
Franklin Resources |
52,739 | 1,829 | ||||||
Goldman Sachs Group |
48,109 | 12,117 | ||||||
Hanover Insurance Group |
3,966 | 468 | ||||||
Hartford Financial Services Group |
14,394 | 742 | ||||||
Huntington Bancshares |
33,348 | 504 | ||||||
Intercontinental Exchange |
92,583 | 6,714 | ||||||
Invesco |
23,570 | 754 | ||||||
JPMorgan Chase |
361,436 | 39,747 | ||||||
KeyCorp |
44,149 | 863 | ||||||
Lazard, Cl A |
19,522 | 1,026 | ||||||
Leucadia National |
9,447 | 215 | ||||||
Lincoln National |
7,924 | 579 | ||||||
Loews |
8,033 | 399 | ||||||
LPL Financial Holdings |
3,297 | 201 | ||||||
M&T Bank |
8,330 | 1,536 | ||||||
Marsh & McLennan |
15,201 | 1,255 | ||||||
MetLife |
117,317 | 5,384 | ||||||
Moody’s |
23,732 | 3,828 | ||||||
Morgan Stanley |
141,476 | 7,634 | ||||||
Morningstar |
588 | 56 | ||||||
MSCI, Cl A |
11,085 | 1,657 | ||||||
Nasdaq |
51,811 | 4,467 |
Description | Shares | Value (000) | ||||||
Navient |
7,808 | $ | 102 | |||||
Northern Trust |
6,192 | 639 | ||||||
People’s United Financial |
10,854 | 203 | ||||||
PNC Financial Services Group |
104,164 | 15,754 | ||||||
Popular |
3,212 | 134 | ||||||
Principal Financial Group |
18,876 | 1,150 | ||||||
Progressive |
65,303 | 3,979 | ||||||
Prudential Financial |
39,876 | 4,129 | ||||||
Raymond James Financial |
3,800 | 340 | ||||||
Regions Financial |
220,137 | 4,090 | ||||||
Reinsurance Group of America, Cl A |
28,620 | 4,407 | ||||||
S&P Global |
33,087 | 6,322 | ||||||
SEI Investments |
2,694 | 202 | ||||||
State Street |
66,463 | 6,628 | ||||||
SunTrust Banks |
27,351 | 1,861 | ||||||
SVB Financial Group* |
1,600 | 384 | ||||||
Synchrony Financial |
50,798 | 1,703 | ||||||
Synovus Financial |
8,882 | 444 | ||||||
T Rowe Price Group |
33,470 | 3,614 | ||||||
TCF Financial |
16,908 | 386 | ||||||
TD Ameritrade Holding |
61,260 | 3,628 | ||||||
Torchmark |
3,187 | 268 | ||||||
Travelers |
76,835 | 10,669 | ||||||
Unum Group |
6,555 | 312 | ||||||
US Bancorp |
217,081 | 10,963 | ||||||
Wells Fargo |
395,048 | 20,704 | ||||||
Willis Towers Watson |
21,609 | 3,289 | ||||||
XL Group |
7,593 | 420 | ||||||
Zions Bancorporation |
41,438 | 2,185 | ||||||
|
|
|||||||
354,398 | ||||||||
|
|
|||||||
Health Care – 14.3% |
||||||||
Abbott Laboratories |
134,461 | 8,057 | ||||||
AbbVie |
83,375 | 7,891 | ||||||
Aetna |
15,277 | 2,582 | ||||||
Agilent Technologies |
28,136 | 1,882 | ||||||
Alexion Pharmaceuticals* |
36,720 | 4,093 | ||||||
Align Technology* |
8,902 | 2,236 | ||||||
Allergan |
9,866 | 1,660 | ||||||
Alnylam Pharmaceuticals* |
20,270 | 2,414 | ||||||
AmerisourceBergen, Cl A |
7,001 | 604 | ||||||
Amgen |
53,997 | 9,205 | ||||||
Anthem |
31,067 | 6,825 | ||||||
Baxter International |
109,716 | 7,136 | ||||||
Becton Dickinson |
49,859 | 10,804 | ||||||
Biogen* |
27,906 | 7,641 | ||||||
Boston Scientific* |
66,405 | 1,814 | ||||||
Bristol-Myers Squibb |
102,790 | 6,501 | ||||||
Bruker |
6,223 | 186 | ||||||
Cardinal Health |
9,095 | 570 | ||||||
Celgene* |
83,031 | 7,407 |
19
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Centene* |
14,553 | $ | 1,555 | |||||
Cerner* |
9,115 | 529 | ||||||
Charles River Laboratories International* |
9,524 | 1,017 | ||||||
Cigna |
109,453 | 18,360 | ||||||
Cooper |
4,994 | 1,143 | ||||||
Danaher |
99,204 | 9,713 | ||||||
DaVita* |
4,448 | 293 | ||||||
DENTSPLY SIRONA |
9,197 | 463 | ||||||
Edwards Lifesciences* |
7,131 | 995 | ||||||
Eli Lilly |
28,755 | 2,225 | ||||||
Envision Healthcare* |
3,366 | 129 | ||||||
Exelixis* |
58,032 | 1,285 | ||||||
Express Scripts Holding* |
105,829 | 7,311 | ||||||
Gilead Sciences |
109,135 | 8,228 | ||||||
HCA Healthcare |
41,233 | 4,000 | ||||||
Henry Schein* |
4,600 | 309 | ||||||
Hologic* |
8,200 | 306 | ||||||
Humana |
43,838 | 11,785 | ||||||
IDEXX Laboratories* |
2,700 | 517 | ||||||
Illumina* |
4,400 | 1,040 | ||||||
Incyte* |
22,807 | 1,901 | ||||||
Intuitive Surgical* |
25,340 | 10,461 | ||||||
IQVIA Holdings* |
4,300 | 422 | ||||||
Johnson & Johnson |
231,607 | 29,680 | ||||||
Laboratory Corp of America Holdings* |
2,952 | 478 | ||||||
McKesson |
32,741 | 4,612 | ||||||
Medtronic |
171,391 | 13,749 | ||||||
Merck |
242,172 | 13,191 | ||||||
Mettler-Toledo International* |
800 | 460 | ||||||
Mylan* |
15,467 | 637 | ||||||
Nektar Therapeutics, Cl A* |
4,700 | 499 | ||||||
Novartis |
10,430 | 843 | ||||||
PerkinElmer |
3,296 | 250 | ||||||
Perrigo |
3,932 | 328 | ||||||
Pfizer |
473,814 | 16,816 | ||||||
QIAGEN* |
4,953 | 160 | ||||||
Quest Diagnostics |
4,054 | 407 | ||||||
Regeneron Pharmaceuticals* |
4,908 | 1,690 | ||||||
ResMed |
4,200 | 414 | ||||||
Roche Holding |
4,193 | 961 | ||||||
Stryker |
46,884 | 7,545 | ||||||
Thermo Fisher Scientific |
36,546 | 7,545 | ||||||
United Therapeutics* |
5,995 | 674 | ||||||
UnitedHealth Group |
118,357 | 25,328 | ||||||
Universal Health Services, Cl B |
2,600 | 308 | ||||||
Varian Medical Systems* |
15,054 | 1,846 | ||||||
Vertex Pharmaceuticals* |
74,414 | 12,128 | ||||||
Waters* |
11,554 | 2,295 | ||||||
WellCare Health Plans* |
7,850 | 1,520 | ||||||
Zimmer Biomet Holdings |
6,098 | 665 |
Description | Shares | Value (000) | ||||||
Zoetis, Cl A |
14,672 | $ | 1,225 | |||||
|
|
|||||||
319,749 | ||||||||
|
|
|||||||
Industrials – 10.2% |
||||||||
3M |
41,896 | 9,197 | ||||||
Acuity Brands |
1,200 | 167 | ||||||
Alaska Air Group |
6,972 | 432 | ||||||
Allegion |
2,856 | 244 | ||||||
Allison Transmission Holdings |
22,214 | 868 | ||||||
American Airlines Group |
89,036 | 4,626 | ||||||
AMETEK |
6,727 | 511 | ||||||
AO Smith |
4,500 | 286 | ||||||
Arconic |
12,755 | 294 | ||||||
Armstrong World Industries* |
3,453 | 194 | ||||||
Boeing |
116,323 | 38,140 | ||||||
Canadian National Railway |
24,266 | 1,775 | ||||||
Caterpillar |
51,585 | 7,603 | ||||||
CH Robinson Worldwide |
4,064 | 381 | ||||||
Cintas |
2,476 | 422 | ||||||
Copa Holdings, Cl A |
1,531 | 197 | ||||||
Crane |
35,691 | 3,310 | ||||||
CSX |
26,504 | 1,477 | ||||||
Cummins |
20,093 | 3,257 | ||||||
Deere |
9,567 | 1,486 | ||||||
Delta Air Lines |
40,922 | 2,243 | ||||||
Dover |
4,597 | 451 | ||||||
Dun & Bradstreet |
15,929 | 1,864 | ||||||
Eaton |
97,982 | 7,830 | ||||||
Emerson Electric |
19,118 | 1,306 | ||||||
Equifax |
20,381 | 2,401 | ||||||
Expeditors International of Washington |
10,891 | 689 | ||||||
Fastenal |
8,376 | 457 | ||||||
FedEx |
14,050 | 3,374 | ||||||
Flowserve |
4,043 | 175 | ||||||
Fluor |
4,185 | 239 | ||||||
Fortive |
35,317 | 2,738 | ||||||
Fortune Brands Home & Security |
4,500 | 265 | ||||||
General Dynamics |
15,110 | 3,338 | ||||||
General Electric |
310,339 | 4,183 | ||||||
HD Supply Holdings* |
29,475 | 1,118 | ||||||
Honeywell International |
88,473 | 12,785 | ||||||
Huntington Ingalls Industries |
9,191 | 2,369 | ||||||
IDEX |
7,294 | 1,039 | ||||||
IHS Markit* |
10,500 | 507 | ||||||
Illinois Tool Works |
30,535 | 4,784 | ||||||
Ingersoll-Rand |
84,247 | 7,204 | ||||||
ITT |
14,186 | 695 | ||||||
Jacobs Engineering Group |
3,630 | 215 | ||||||
JB Hunt Transport Services |
2,500 | 293 | ||||||
JetBlue Airways* |
30,317 | 616 | ||||||
Kansas City Southern |
19,571 | 2,150 |
20
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
KAR Auction Services |
27,255 | $ | 1,477 | |||||
L3 Technologies |
8,590 | 1,787 | ||||||
Landstar System |
4,928 | 540 | ||||||
Lockheed Martin |
18,900 | 6,387 | ||||||
ManpowerGroup |
6,063 | 698 | ||||||
Masco |
9,222 | 373 | ||||||
Nielsen Holdings |
9,700 | 308 | ||||||
Norfolk Southern |
21,743 | 2,952 | ||||||
Northrop Grumman |
25,192 | 8,795 | ||||||
Oshkosh |
9,445 | 730 | ||||||
Owens Corning |
14,882 | 1,196 | ||||||
PACCAR |
14,878 | 984 | ||||||
Parker-Hannifin |
3,960 | 677 | ||||||
Pentair |
23,535 | 1,603 | ||||||
Quanta Services* |
4,576 | 157 | ||||||
Raytheon |
17,361 | 3,747 | ||||||
Regal Beloit |
10,305 | 756 | ||||||
Republic Services, Cl A |
9,310 | 617 | ||||||
Robert Half International |
47,810 | 2,768 | ||||||
Rockwell Automation |
4,862 | 847 | ||||||
Rockwell Collins |
4,936 | 666 | ||||||
Roper Technologies |
3,073 | 863 | ||||||
Ryder System |
23,045 | 1,677 | ||||||
Snap-on |
1,729 | 255 | ||||||
Southwest Airlines |
39,167 | 2,243 | ||||||
Spirit AeroSystems Holdings, Cl A |
51,266 | 4,291 | ||||||
Stanley Black & Decker |
18,897 | 2,895 | ||||||
Stericycle* |
2,621 | 153 | ||||||
Teledyne Technologies* |
2,513 | 470 | ||||||
Terex |
11,194 | 419 | ||||||
Textron |
7,690 | 453 | ||||||
TransDigm Group* |
1,400 | 430 | ||||||
Union Pacific |
52,010 | 6,992 | ||||||
United Continental Holdings* |
17,600 | 1,223 | ||||||
United Parcel Service, Cl B |
39,683 | 4,153 | ||||||
United Rentals* |
2,500 | 432 | ||||||
United Technologies |
56,033 | 7,050 | ||||||
Verisk Analytics, Cl A* |
4,600 | 478 | ||||||
Waste Connections |
51,150 | 3,669 | ||||||
Waste Management |
62,087 | 5,223 | ||||||
WW Grainger |
18,180 | 5,132 | ||||||
Xylem |
5,222 | 402 | ||||||
|
|
|||||||
227,163 | ||||||||
|
|
|||||||
Information Technology – 25.5% |
|
|||||||
Accenture, Cl A |
94,113 | 14,446 | ||||||
Activision Blizzard |
90,018 | 6,073 | ||||||
Adobe Systems* |
54,562 | 11,790 | ||||||
Advanced Micro Devices* |
23,600 | 237 | ||||||
Akamai Technologies* |
22,785 | 1,617 | ||||||
Alibaba Group Holding ADR* |
54,500 | 10,003 | ||||||
Alliance Data Systems |
1,480 | 315 |
Description | Shares | Value (000) | ||||||
Alphabet, Cl A* |
36,739 | $ | 38,104 | |||||
Alphabet, Cl C* |
28,944 | 29,864 | ||||||
Amdocs |
25,245 | 1,684 | ||||||
Amphenol, Cl A |
9,152 | 788 | ||||||
Analog Devices |
21,904 | 1,996 | ||||||
ANSYS* |
7,806 | 1,223 | ||||||
Apple |
354,009 | 59,396 | ||||||
Applied Materials |
133,652 | 7,432 | ||||||
Arista Networks* |
893 | 228 | ||||||
ARRIS International* |
55,002 | 1,461 | ||||||
ASML Holding, Cl G |
9,100 | 1,807 | ||||||
Autodesk* |
6,608 | 830 | ||||||
Automatic Data Processing |
13,268 | 1,506 | ||||||
Black Knight* |
23,271 | 1,096 | ||||||
Booz Allen Hamilton Holding, Cl A |
4,847 | 188 | ||||||
Broadcom |
41,847 | 9,861 | ||||||
CA |
9,266 | 314 | ||||||
Cadence Design Systems* |
19,224 | 707 | ||||||
CDW |
11,846 | 833 | ||||||
Cisco Systems |
253,540 | 10,874 | ||||||
Citrix Systems* |
3,825 | 355 | ||||||
Cognizant Technology Solutions, Cl A |
56,041 | 4,511 | ||||||
CoreLogic* |
2,667 | 121 | ||||||
Corning |
26,123 | 728 | ||||||
CSRA |
4,957 | 204 | ||||||
Dell Technologies, Cl V* |
21,370 | 1,565 | ||||||
Dolby Laboratories, Cl A |
9,102 | 579 | ||||||
Dropbox, Cl A* |
24,685 | 771 | ||||||
DST Systems |
892 | 75 | ||||||
DXC Technology |
88,841 | 8,931 | ||||||
eBay* |
67,993 | 2,736 | ||||||
Electronic Arts* |
40,194 | 4,873 | ||||||
F5 Networks* |
38,551 | 5,575 | ||||||
Facebook, Cl A* |
249,002 | 39,788 | ||||||
Fidelity National Information Services |
70,626 | 6,801 | ||||||
First Solar* |
14,135 | 1,003 | ||||||
Fiserv* |
52,664 | 3,756 | ||||||
FleetCor Technologies* |
1,334 | 270 | ||||||
FLIR Systems |
22,004 | 1,100 | ||||||
Fortinet* |
13,191 | 707 | ||||||
Gartner* |
2,700 | 318 | ||||||
Genpact |
6,113 | 196 | ||||||
Global Payments |
42,312 | 4,719 | ||||||
Harris |
3,586 | 578 | ||||||
Hewlett Packard Enterprise |
57,436 | 1,007 | ||||||
HP |
90,201 | 1,977 | ||||||
IAC* |
14,530 | 2,272 | ||||||
Intel |
242,742 | 12,642 | ||||||
International Business Machines |
57,673 | 8,849 | ||||||
Intuit |
76,827 | 13,318 |
21
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
IPG Photonics* |
3,661 | $ | 854 | |||||
Juniper Networks |
42,261 | 1,028 | ||||||
KLA-Tencor |
40,888 | 4,457 | ||||||
Lam Research |
12,636 | 2,567 | ||||||
Marvell Technology Group |
19,807 | 416 | ||||||
Mastercard, Cl A |
31,917 | 5,591 | ||||||
Maxim Integrated Products |
103,150 | 6,212 | ||||||
Microchip Technology |
7,146 | 653 | ||||||
Micron Technology* |
98,238 | 5,122 | ||||||
Microsoft |
723,067 | 65,994 | ||||||
Motorola Solutions |
4,885 | 514 | ||||||
NetApp |
7,894 | 487 | ||||||
NVIDIA |
36,762 | 8,514 | ||||||
ON Semiconductor* |
28,434 | 696 | ||||||
Oracle |
169,704 | 7,764 | ||||||
Paychex |
9,267 | 571 | ||||||
PayPal Holdings* |
144,956 | 10,998 | ||||||
Qorvo* |
3,900 | 275 | ||||||
QUALCOMM |
56,130 | 3,110 | ||||||
Red Hat* |
66,274 | 9,909 | ||||||
salesforce.com* |
83,130 | 9,668 | ||||||
Seagate Technology |
8,369 | 490 | ||||||
ServiceNow* |
21,184 | 3,505 | ||||||
Shopify, Cl A* |
9,849 | 1,227 | ||||||
Skyworks Solutions |
23,729 | 2,379 | ||||||
Snap, Cl A* |
49,600 | 787 | ||||||
Symantec |
18,237 | 471 | ||||||
Synopsys* |
24,761 | 2,061 | ||||||
Take-Two Interactive Software* |
8,247 | 806 | ||||||
TE Connectivity |
10,415 | 1,040 | ||||||
Tencent Holdings ADR |
93,000 | 4,956 | ||||||
Teradyne |
20,942 | 957 | ||||||
Texas Instruments |
133,388 | 13,858 | ||||||
Total System Services |
60,536 | 5,222 | ||||||
Twitter* |
21,698 | 630 | ||||||
VeriSign* |
2,557 | 303 | ||||||
Visa, Cl A |
215,163 | 25,738 | ||||||
VMware, Cl A* |
37,211 | 4,513 | ||||||
Western Digital |
39,537 | 3,648 | ||||||
Western Union |
13,763 | 265 | ||||||
Workday, Cl A* |
20,400 | 2,593 | ||||||
Xerox |
6,504 | 187 | ||||||
Xilinx |
32,906 | 2,377 | ||||||
Zebra Technologies, Cl A* |
6,611 | 920 | ||||||
Zynga, Cl A* |
335,115 | 1,227 | ||||||
|
|
|||||||
570,558 | ||||||||
|
|
|||||||
Materials – 2.5% |
||||||||
Air Products & Chemicals |
21,751 | 3,459 | ||||||
Albemarle |
3,200 | 297 | ||||||
Alcoa* |
26,400 | 1,187 | ||||||
Avery Dennison |
2,468 | 262 |
Description | Shares | Value (000) | ||||||
Ball |
10,204 | $ | 405 | |||||
Berry Global Group* |
36,815 | 2,018 | ||||||
Cabot |
5,221 | 291 | ||||||
Celanese, Cl A |
13,632 | 1,366 | ||||||
CF Industries Holdings |
6,850 | 258 | ||||||
Chemours |
7,148 | 348 | ||||||
Crown Holdings* |
29,334 | 1,489 | ||||||
Domtar |
8,847 | 376 | ||||||
DowDuPont |
91,860 | 5,852 | ||||||
Eastman Chemical |
15,812 | 1,669 | ||||||
Ecolab |
7,709 | 1,057 | ||||||
FMC |
3,932 | 301 | ||||||
Freeport-McMoRan |
85,150 | 1,496 | ||||||
Huntsman |
67,593 | 1,977 | ||||||
International Flavors & Fragrances |
2,442 | 334 | ||||||
International Paper |
12,476 | 667 | ||||||
LyondellBasell Industries, Cl A |
45,284 | 4,786 | ||||||
Martin Marietta Materials |
1,900 | 394 | ||||||
Monsanto |
30,285 | 3,534 | ||||||
Mosaic |
9,981 | 242 | ||||||
Newmont Mining |
24,595 | 961 | ||||||
Nucor |
9,655 | 590 | ||||||
Olin |
41,911 | 1,274 | ||||||
Packaging Corp of America |
2,800 | 316 | ||||||
PPG Industries |
70,209 | 7,835 | ||||||
Praxair |
8,614 | 1,243 | ||||||
Sealed Air |
5,242 | 224 | ||||||
Sherwin-Williams |
10,611 | 4,161 | ||||||
Steel Dynamics |
64,799 | 2,865 | ||||||
Vulcan Materials |
4,027 | 460 | ||||||
Westlake Chemical |
8,032 | 893 | ||||||
WestRock |
7,378 | 473 | ||||||
WR Grace |
6,573 | 403 | ||||||
|
|
|||||||
55,763 | ||||||||
|
|
|||||||
Real Estate – 1.7% |
||||||||
Alexandria Real Estate Equities‡ |
3,000 | 375 | ||||||
American Tower, Cl A‡ |
24,077 | 3,499 | ||||||
Apartment Investment & Management, Cl A‡ |
4,754 | 194 | ||||||
AvalonBay Communities‡ |
5,242 | 862 | ||||||
Boston Properties‡ |
4,467 | 550 | ||||||
CBRE Group, Cl A* |
64,678 | 3,054 | ||||||
Crown Castle International‡ |
58,782 | 6,443 | ||||||
Digital Realty Trust‡ |
6,200 | 653 | ||||||
Duke Realty‡ |
10,800 | 286 | ||||||
Equinix‡ |
2,394 | 1,001 | ||||||
Equity LifeStyle Properties‡ |
35,062 | 3,077 | ||||||
Equity Residential‡ |
11,084 | 683 | ||||||
Essex Property Trust‡ |
1,932 | 465 | ||||||
Extra Space Storage‡ |
3,700 | 323 | ||||||
Federal Realty Investment Trust‡ |
2,200 | 255 |
22
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Gaming and Leisure Properties‡ |
37,790 | $ | 1,265 | |||||
GGP‡ |
18,543 | 379 | ||||||
HCP‡ |
13,595 | 316 | ||||||
Host Hotels & Resorts‡ |
21,818 | 407 | ||||||
Iron Mountain‡ |
8,486 | 279 | ||||||
Kimco Realty‡ |
12,145 | 175 | ||||||
Liberty Property Trust‡ |
14,160 | 563 | ||||||
Macerich‡ |
3,145 | 176 | ||||||
Mid-America Apartment Communities‡ |
3,400 | 310 | ||||||
Park Hotels & Resorts‡ |
37,306 | 1,008 | ||||||
Prologis‡ |
71,451 | 4,501 | ||||||
Public Storage‡ |
11,158 | 2,236 | ||||||
Realty Income‡ |
8,400 | 435 | ||||||
Regency Centers‡ |
4,500 | 265 | ||||||
SBA Communications, Cl A‡ * |
3,400 | 581 | ||||||
Simon Property Group‡ |
9,304 | 1,436 | ||||||
SL Green Realty‡ |
2,800 | 271 | ||||||
UDR‡ |
8,300 | 296 | ||||||
Ventas‡ |
10,313 | 511 | ||||||
Vornado Realty Trust‡ |
5,003 | 337 | ||||||
Welltower‡ |
11,203 | 610 | ||||||
Weyerhaeuser‡ |
22,682 | 794 | ||||||
|
|
|||||||
38,871 | ||||||||
|
|
|||||||
Telecommunication Services – 1.1% |
| |||||||
AT&T |
242,806 | 8,656 | ||||||
CenturyLink |
28,130 | 462 | ||||||
T-Mobile US* |
84,175 | 5,138 | ||||||
Verizon Communications |
223,426 | 10,685 | ||||||
|
|
|||||||
24,941 | ||||||||
|
|
|||||||
Utilities – 3.1% |
||||||||
AES |
19,337 | 220 | ||||||
Alliant Energy |
7,100 | 290 | ||||||
Ameren |
84,240 | 4,770 | ||||||
American Electric Power |
82,575 | 5,664 | ||||||
American Water Works |
26,600 | 2,185 | ||||||
Avangrid |
26,032 | 1,331 | ||||||
CenterPoint Energy |
76,989 | 2,109 | ||||||
CMS Energy |
8,164 | 370 | ||||||
Consolidated Edison |
40,596 | 3,164 | ||||||
Dominion Energy |
19,315 | 1,302 | ||||||
DTE Energy |
29,153 | 3,044 | ||||||
Duke Energy |
96,129 | 7,447 | ||||||
Edison International |
9,468 | 603 | ||||||
Entergy |
34,139 | 2,689 | ||||||
Eversource Energy |
9,149 | 539 | ||||||
Exelon |
256,653 | 10,012 | ||||||
FirstEnergy |
13,533 | 460 | ||||||
Hawaiian Electric Industries |
3,367 | 116 | ||||||
NextEra Energy |
30,386 | 4,963 | ||||||
NiSource |
10,446 | 250 |
Description | Shares | Value (000) | ||||||
NRG Energy |
9,264 | $ | 283 | |||||
OGE Energy |
21,318 | 699 | ||||||
PG&E* |
15,483 | 680 | ||||||
Pinnacle West Capital |
7,101 | 567 | ||||||
PPL |
20,899 | 591 | ||||||
Public Service Enterprise Group |
79,238 | 3,981 | ||||||
SCANA |
4,045 | 152 | ||||||
Sempra Energy |
38,647 | 4,298 | ||||||
Southern |
79,626 | 3,556 | ||||||
Vistra Energy* |
3,621 | 75 | ||||||
WEC Energy Group |
9,620 | 603 | ||||||
Xcel Energy |
47,308 | 2,152 | ||||||
|
|
|||||||
69,165 | ||||||||
|
|
|||||||
Total Common Stock |
2,192,814 | |||||||
|
|
|||||||
Preferred Stock — 0.2% |
||||||||
Air BNB, Ser D* (A) (B) |
11,406 | 1,335 | ||||||
Air BNB, Ser E* (A) (B) |
6,939 | 812 | ||||||
Flipkart Online Services* (A) (B) |
579 | 51 | ||||||
Flipkart Online Services, Ser A* (A) (B) |
199 | 17 | ||||||
Flipkart Online Services, Ser C* (A) (B) |
349 | 30 | ||||||
Flipkart Online Services, Ser E* (A) (B) |
650 | 57 | ||||||
Flipkart Online Services, Ser G* (A) (B) |
3,027 | 358 | ||||||
Magic Leap* (A) (B) |
5,553 | 150 | ||||||
Magic Leap, Ser C* (A) (B) |
13,521 | 365 | ||||||
Uber Technologies, Cl E* (A) (B) |
21,969 | 756 | ||||||
Uber Technologies, Cl G* (A) (B) |
7,921 | 273 | ||||||
|
|
|||||||
Total Preferred Stock |
4,204 | |||||||
|
|
|||||||
Exchange Traded Fund — 0.0% |
||||||||
iShares Russell 1000 ETF |
7,908 | 1,161 | ||||||
|
|
|||||||
Total Exchange Traded Fund |
1,161 | |||||||
|
|
|||||||
Short-Term Investment — 1.7% |
||||||||
State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.510%, (C) |
38,816,812 | 38,817 | ||||||
|
|
|||||||
Total Short-Term Investment |
38,817 | |||||||
|
|
|||||||
Total Investments In Securities — 100.0% |
$ | 2,236,996 | ||||||
|
|
Percentages are based on Net Assets of $2,236,255 (000).
23
KP Large Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
A list of the open futures contracts held by the Fund at March 31, 2018, is as follows (000):
Type of |
Number of Contracts Long |
Expiration Date |
Notional Amount |
Value | Unrealized (Depreciation) |
|||||||||||||||
S&P 500 Index E-MINI |
159 | Jun-2018 | $ | 21,992 | $ | 21,012 | $ | (980 | ) | |||||||||||
|
|
|
|
|
|
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | Level 3 security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of March 31, 2018, was $4,204 (000) and represented 0.2% of Net Assets. |
(B) | Currently, no stated interest rate. |
(C) | The rate reported is the 7-day effective yield as of March 31, 2018. |
ADR — American Depositary Receipt
Cl — Class
ETF — Exchange Traded Fund
S&P — Standard & Poor’s
Ser — Series
The following is a list of the level of inputs used as of March 31, 2018, in valuing the Fund’s investments and other financial instruments carried at value (000):
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock |
$ | 2,192,814 | $ | - | $ | - | $ | 2,192,814 | ||||||||
Preferred Stock |
- | - | 4,204 | 4,204 | ||||||||||||
Short-Term Investment |
38,817 | - | - | 38,817 | ||||||||||||
Exchange Traded Fund |
1,161 | - | - | 1,161 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments in Securities |
$ | 2,232,792 | $ | - | $ | 4,204 | $ | 2,236,996 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Futures Contracts** |
||||||||||||||||
Unrealized Depreciation |
$ | (980 | ) | $ | - | $ | - | $ | (980 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
Total Other Financial Instruments |
$ | (980 | ) | $ | - | $ | - | $ | (980 | ) | ||||||
|
|
|
|
|
|
|
|
** | Futures contracts are valued at the unrealized depreciation on the instrument. |
^ | A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments in at the beginning and/or end of the period in relation to net assets. |
For the period ended March 31, 2018, there were no transfers between Level 1 and Level 2 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
Amounts designated as “-“are $0 or have been rounded to $0.
24
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Common Stock — 96.5% |
||||||||
Consumer Discretionary – 14.0% |
| |||||||
1-800-Flowers.com, Cl A* |
174,641 | $ | 2,061 | |||||
Aaron’s |
31,670 | 1,476 | ||||||
Abercrombie & Fitch, Cl A |
66,897 | 1,620 | ||||||
Acushnet Holdings |
86,378 | 1,994 | ||||||
Adtalem Global Education* |
36,840 | 1,752 | ||||||
AH Belo, Cl A |
197,880 | 1,019 | ||||||
American Axle & Manufacturing Holdings* |
26,721 | 407 | ||||||
American Eagle Outfitters |
69,020 | 1,376 | ||||||
American Public Education* |
4,412 | 190 | ||||||
Asbury Automotive Group* |
4,852 | 327 | ||||||
Ascena Retail Group* |
42,085 | 85 | ||||||
Barnes & Noble |
15,889 | 79 | ||||||
Barnes & Noble Education* |
8,826 | 61 | ||||||
Belmond, Cl A* |
22,530 | 251 | ||||||
Big 5 Sporting Goods |
5,300 | 38 | ||||||
Biglari Holdings* |
254 | 104 | ||||||
BJ’s Restaurants |
4,836 | 217 | ||||||
Bloomin’ Brands |
113,989 | 2,768 | ||||||
BMC Stock Holdings* |
87,377 | 1,708 | ||||||
BorgWarner |
31,437 | 1,579 | ||||||
Bravo Brio Restaurant Group* |
80,450 | 322 | ||||||
Buckle |
7,605 | 168 | ||||||
Caleres |
50,254 | 1,689 | ||||||
Callaway Golf |
24,903 | 407 | ||||||
Capella Education |
3,050 | 266 | ||||||
Career Education* |
17,157 | 225 | ||||||
Carter’s |
18,166 | 1,891 | ||||||
Cato, Cl A |
6,513 | 96 | ||||||
Cavco Industries* |
2,271 | 395 | ||||||
Century Casinos* |
131,526 | 981 | ||||||
Chegg* |
207,792 | 4,293 | ||||||
Chico’s FAS |
117,054 | 1,058 | ||||||
Children’s Place |
4,573 | 618 | ||||||
Chuy’s Holdings* |
104,130 | 2,728 | ||||||
Conn’s* |
30,655 | 1,042 | ||||||
Cooper Tire & Rubber |
117,794 | 3,451 | ||||||
Cooper-Standard Holdings* |
4,309 | 529 | ||||||
Core-Mark Holding |
12,387 | 263 | ||||||
Crocs* |
18,622 | 303 | ||||||
Dave & Buster’s Entertainment* |
10,666 | 445 | ||||||
Del Frisco’s Restaurant Group* |
123,237 | 1,879 | ||||||
Denny’s* |
61,796 | 954 | ||||||
DineEquity |
23,570 | 1,546 | ||||||
Dixie Group* |
214,108 | 589 | ||||||
Dorman Products* |
7,998 | 530 | ||||||
DR Horton |
67,702 | 2,968 |
Description | Shares | Value (000) | ||||||
DSW, Cl A |
64,498 | $ | 1,449 | |||||
El Pollo Loco Holdings* |
6,356 | 60 | ||||||
Eldorado Resorts* |
47,830 | 1,578 | ||||||
Ethan Allen Interiors |
6,811 | 156 | ||||||
Etsy* |
37,695 | 1,058 | ||||||
EW Scripps, Cl A |
14,763 | 177 | ||||||
Express* |
324,537 | 2,324 | ||||||
Fiesta Restaurant Group* |
7,455 | 138 | ||||||
Finish Line, Cl A |
11,150 | 151 | ||||||
Five Below* |
14,591 | 1,070 | ||||||
Floor & Decor Holdings, Cl A* |
32,705 | 1,705 | ||||||
Fossil Group* |
11,926 | 151 | ||||||
Fox Factory Holding* |
9,881 | 345 | ||||||
Francesca’s Holdings* |
8,462 | 41 | ||||||
Fred’s, Cl A* |
10,499 | 31 | ||||||
FTD* |
5,124 | 19 | ||||||
Gannett |
29,851 | 298 | ||||||
Genesco* |
5,222 | 212 | ||||||
Gentherm* |
9,724 | 330 | ||||||
G-III Apparel Group* |
162,434 | 6,121 | ||||||
Goodyear Tire & Rubber |
106,000 | 2,817 | ||||||
Group 1 Automotive |
5,209 | 340 | ||||||
Guess? |
15,849 | 329 | ||||||
Habit Restaurants, Cl A* |
229,786 | 2,022 | ||||||
Haverty Furniture |
4,912 | 99 | ||||||
Hibbett Sports* |
4,899 | 117 | ||||||
Inspired Entertainment* |
68,564 | 377 | ||||||
Installed Building Products* |
5,541 | 333 | ||||||
iRobot* |
7,392 | 474 | ||||||
JC Penney* |
83,703 | 253 | ||||||
John Wiley & Sons, Cl A |
74,775 | 4,763 | ||||||
Kirkland’s* |
154,379 | 1,496 | ||||||
La-Z-Boy, Cl Z |
12,707 | 381 | ||||||
LCI Industries |
6,652 | 693 | ||||||
LGI Homes* |
4,654 | 328 | ||||||
Lindblad Expeditions Holdings* |
139,872 | 1,436 | ||||||
Lithia Motors, Cl A |
6,363 | 640 | ||||||
Lululemon Athletica* |
16,611 | 1,480 | ||||||
Lumber Liquidators Holdings* |
7,774 | 186 | ||||||
M/I Homes* |
7,397 | 236 | ||||||
Malibu Boats, Cl A* |
29,531 | 981 | ||||||
Marcus |
5,160 | 157 | ||||||
MarineMax* |
5,534 | 108 | ||||||
Marriott Vacations Worldwide |
6,223 | 829 | ||||||
MDC Holdings |
110,078 | 3,073 | ||||||
MDC Partners, Cl A* |
131,666 | 948 | ||||||
Melco Resorts & Entertainment ADR |
144,280 | 4,181 | ||||||
Meredith |
45,615 | 2,454 | ||||||
Meritage Homes* |
10,205 | 462 | ||||||
Modine Manufacturing* |
188,059 | 3,977 |
25
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Monarch Casino & Resort* |
3,167 | $ | 134 | |||||
Monro |
36,630 | 1,963 | ||||||
Motorcar Parts of America* |
4,759 | 102 | ||||||
Movado Group |
3,951 | 152 | ||||||
Nautilus* |
7,867 | 106 | ||||||
New Media Investment Group |
14,272 | 245 | ||||||
Nexstar Media Group, Cl A |
50,232 | 3,340 | ||||||
Norwegian Cruise Line Holdings* |
74,429 | 3,942 | ||||||
Nutrisystem |
8,019 | 216 | ||||||
Ollie’s Bargain Outlet Holdings* |
12,989 | 783 | ||||||
Oxford Industries |
4,406 | 328 | ||||||
Penn National Gaming* |
22,351 | 587 | ||||||
Penske Automotive Group |
52,769 | 2,339 | ||||||
Perry Ellis International* |
3,500 | 90 | ||||||
PetMed Express |
5,570 | 233 | ||||||
Pier 1 Imports |
470,559 | 1,515 | ||||||
Planet Fitness, Cl A* |
48,000 | 1,813 | ||||||
PlayAGS* |
24,930 | 580 | ||||||
Red Robin Gourmet Burgers* |
3,466 | 201 | ||||||
Regis* |
9,634 | 146 | ||||||
Rent-A-Center, Cl A* |
13,743 | 119 | ||||||
RH* |
4,917 | 468 | ||||||
Ruth’s Hospitality Group |
7,830 | 191 | ||||||
Scholastic |
7,438 | 289 | ||||||
SeaWorld Entertainment* |
239,560 | 3,553 | ||||||
Shake Shack, Cl A* |
4,929 | 205 | ||||||
Shoe Carnival |
3,168 | 75 | ||||||
Shutterfly* |
8,708 | 708 | ||||||
Skechers U.S.A., Cl A* |
73,536 | 2,860 | ||||||
Sleep Number* |
10,389 | 365 | ||||||
Sonic |
10,095 | 255 | ||||||
Sonic Automotive, Cl A |
6,360 | 121 | ||||||
Standard Motor Products |
5,270 | 251 | ||||||
Steven Madden |
14,218 | 624 | ||||||
Strayer Education |
2,789 | 282 | ||||||
Sturm Ruger |
56,329 | 2,957 | ||||||
Superior Industries International |
6,299 | 84 | ||||||
Tailored Brands |
13,051 | 327 | ||||||
Texas Roadhouse, Cl A |
26,155 | 1,511 | ||||||
Tile Shop Holdings |
7,998 | 48 | ||||||
TopBuild* |
44,171 | 3,380 | ||||||
Unifi* |
4,579 | 166 | ||||||
Universal Electronics* |
3,803 | 198 | ||||||
Vail Resorts |
6,083 | 1,349 | ||||||
Vera Bradley* |
4,356 | 46 | ||||||
Vista Outdoor* |
15,441 | 252 | ||||||
Visteon* |
9,355 | 1,031 | ||||||
Vitamin Shoppe* |
6,954 | 30 | ||||||
Weight Watchers International* |
17,555 | 1,119 | ||||||
William Lyon Homes, Cl A* |
7,732 | 213 | ||||||
Wingstop, Cl A |
7,658 | 362 |
Description | Shares | Value (000) | ||||||
Winnebago Industries |
73,671 | $ | 2,770 | |||||
Wolverine World Wide |
25,322 | 732 | ||||||
World Wrestling Entertainment, Cl A |
68,491 | 2,466 | ||||||
Zumiez* |
4,673 | 112 | ||||||
|
|
|||||||
150,466 | ||||||||
|
|
|||||||
Consumer Staples – 3.3% |
||||||||
Andersons |
135,507 | 4,485 | ||||||
Avon Products* |
114,300 | 325 | ||||||
B&G Foods |
105,411 | 2,498 | ||||||
Calavo Growers |
4,134 | 381 | ||||||
Cal-Maine Foods* |
7,823 | 342 | ||||||
Central Garden & Pet* |
2,851 | 123 | ||||||
Central Garden & Pet, Cl A* |
9,255 | 366 | ||||||
Chefs’ Warehouse* |
59,196 | 1,361 | ||||||
Coca-Cola Bottling Consolidated |
1,203 | 208 | ||||||
Darling Ingredients* |
243,940 | 4,220 | ||||||
Dean Foods |
23,900 | 206 | ||||||
Energizer Holdings |
49,107 | 2,926 | ||||||
Flowers Foods |
171,075 | 3,740 | ||||||
Herbalife* |
14,834 | 1,446 | ||||||
Inter Parfums |
36,478 | 1,720 | ||||||
J&J Snack Foods |
3,984 | 544 | ||||||
John B Sanfilippo & Son |
2,253 | 130 | ||||||
Medifast |
15,218 | 1,422 | ||||||
MGP Ingredients |
3,400 | 305 | ||||||
Nu Skin Enterprises, Cl A |
19,588 | 1,444 | ||||||
Seneca Foods, Cl A* |
1,835 | 51 | ||||||
SpartanNash |
9,316 | 160 | ||||||
SUPERVALU* |
10,472 | 159 | ||||||
United Natural Foods* |
66,340 | 2,849 | ||||||
Universal |
62,415 | 3,027 | ||||||
WD-40 |
3,650 | 481 | ||||||
|
|
|||||||
34,919 | ||||||||
|
|
|||||||
Energy – 3.6% |
||||||||
Archrock |
19,083 | 167 | ||||||
Ardmore Shipping* |
293,142 | 2,228 | ||||||
Bristow Group* |
9,036 | 118 | ||||||
Callon Petroleum* |
337,270 | 4,466 | ||||||
Capital Product Partners (A) |
133,540 | 417 | ||||||
CARBO Ceramics* |
6,259 | 45 | ||||||
Carrizo Oil & Gas* |
20,495 | 328 | ||||||
Cloud Peak Energy* |
17,579 | 51 | ||||||
CONSOL Energy* |
6,500 | 188 | ||||||
Denbury Resources* |
107,524 | 295 | ||||||
Diamondback Energy |
33,053 | 4,182 | ||||||
Dorian LPG* |
1 | - | ||||||
Eclipse Resources* |
621,143 | 894 | ||||||
Energen* |
63,730 | 4,006 | ||||||
Era Group* |
5,000 | 47 |
26
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Exterran* |
8,282 | $ | 221 | |||||
Geospace Technologies* |
3,914 | 39 | ||||||
Green Plains |
30,256 | 508 | ||||||
Gulf Island Fabrication* |
3,100 | 22 | ||||||
Helix Energy Solutions Group* |
37,524 | 217 | ||||||
HighPoint Resources* |
25,071 | 127 | ||||||
Independence Contract Drilling* |
74,722 | 283 | ||||||
Jones Energy, Cl A* |
2 | - | ||||||
Keane Group* |
94,610 | 1,400 | ||||||
Matador Resources* |
49,855 | 1,491 | ||||||
Matrix Service* |
6,579 | 90 | ||||||
McDermott International* |
75,439 | 459 | ||||||
Newpark Resources* |
23,377 | 189 | ||||||
Noble* |
65,534 | 243 | ||||||
Oceaneering International* |
25,982 | 482 | ||||||
Oil States International* |
15,787 | 414 | ||||||
Par Pacific Holdings* |
6,791 | 117 | ||||||
PDC Energy* |
17,583 | 862 | ||||||
Pioneer Energy Services* |
17,774 | 48 | ||||||
Resolute Energy* |
53,739 | 1,862 | ||||||
REX American Resources* |
1,475 | 107 | ||||||
Ring Energy* |
142,103 | 2,039 | ||||||
RPC |
176,160 | 3,176 | ||||||
RSP Permian* |
38,930 | 1,825 | ||||||
SEACOR Holdings* |
74,980 | 3,832 | ||||||
SRC Energy* |
63,954 | 603 | ||||||
TETRA Technologies* |
33,476 | 126 | ||||||
Unit* |
14,040 | 277 | ||||||
|
|
|||||||
38,491 | ||||||||
|
|
|||||||
Financials – 18.2% |
||||||||
Access National |
76,817 | 2,192 | ||||||
American Equity Investment Life Holding |
65,764 | 1,931 | ||||||
American Financial Group |
34,955 | 3,923 | ||||||
Ameris Bancorp |
10,295 | 545 | ||||||
AMERISAFE |
59,066 | 3,263 | ||||||
Apollo Commercial Real Estate Finance‡ |
29,263 | 526 | ||||||
ARMOUR Residential‡ |
11,190 | 260 | ||||||
Aspen Insurance Holdings |
59,949 | 2,689 | ||||||
Atlantic Capital Bancshares* |
62,407 | 1,130 | ||||||
Banc of California |
65,913 | 1,272 | ||||||
Bank of Hawaii |
40,050 | 3,328 | ||||||
Banner |
27,203 | 1,509 | ||||||
Berkshire Hills Bancorp |
36,050 | 1,368 | ||||||
BofI Holding* |
14,790 | 599 | ||||||
Boston Private Financial Holdings |
22,273 | 335 | ||||||
Bridgewater Bancshares* |
22,949 | 300 | ||||||
BrightSphere Investment Group |
74,766 | 1,178 | ||||||
Brookline Bancorp |
20,265 | 328 | ||||||
Byline Bancorp* |
48,761 | 1,118 |
Description | Shares | Value (000) | ||||||
Capstar Financial Holdings* |
114,728 | $ | 2,160 | |||||
Capstead Mortgage‡ |
25,201 | 218 | ||||||
Carolina Financial |
38,539 | 1,514 | ||||||
CenterState Banks |
42,171 | 1,119 | ||||||
Central Pacific Financial |
8,100 | 231 | ||||||
Chemical Financial |
24,582 | 1,344 | ||||||
City Holding |
4,164 | 285 | ||||||
Civista Bancshares |
56,665 | 1,295 | ||||||
CoBiz Financial |
147,041 | 2,882 | ||||||
Columbia Banking System |
34,422 | 1,444 | ||||||
Comerica |
38,019 | 3,647 | ||||||
Commerce Bancshares |
60,984 | 3,654 | ||||||
Community Bank System |
13,387 | 717 | ||||||
Community Bankers Trust* |
239,201 | 2,153 | ||||||
Customers Bancorp* |
69,642 | 2,030 | ||||||
CVB Financial |
176,665 | 4,000 | ||||||
Dime Community Bancshares |
8,319 | 153 | ||||||
Donnelley Financial Solutions* |
9,100 | 156 | ||||||
E*TRADE Financial* |
60,140 | 3,332 | ||||||
Eagle Bancorp Montana |
34,296 | 712 | ||||||
eHealth* |
4,800 | 69 | ||||||
Employers Holdings |
8,491 | 343 | ||||||
Encore Capital Group* |
28,572 | 1,291 | ||||||
Enova International* |
8,572 | 189 | ||||||
Entegra Financial* |
22,666 | 657 | ||||||
Equity Bancshares, Cl A* |
42,562 | 1,667 | ||||||
Evans Bancorp |
48,063 | 2,175 | ||||||
EZCORP, Cl A* |
13,834 | 183 | ||||||
FB Financial* |
40,345 | 1,638 | ||||||
Fidelity Southern |
6,114 | 141 | ||||||
Financial Engines |
16,748 | 586 | ||||||
First BanCorp* |
48,010 | 289 | ||||||
First Bancorp NC |
30,403 | 1,084 | ||||||
First Commonwealth Financial |
25,691 | 363 | ||||||
First Financial Bancorp |
67,055 | 1,968 | ||||||
First Financial Bankshares |
17,775 | 823 | ||||||
First Hawaiian |
87,232 | 2,428 | ||||||
First Horizon National |
176,735 | 3,328 | ||||||
First Internet Bancorp |
55,908 | 2,069 | ||||||
First Midwest Bancorp |
85,131 | 2,093 | ||||||
FirstCash |
66,412 | 5,396 | ||||||
FNB |
298,792 | 4,019 | ||||||
Glacier Bancorp |
20,971 | 805 | ||||||
Great Western Bancorp |
15,522 | 625 | ||||||
Green Bancorp* |
43,034 | 957 | ||||||
Green Dot, Cl A* |
65,762 | 4,219 | ||||||
Greenhill |
6,709 | 124 | ||||||
Guaranty Bancorp |
96,765 | 2,743 | ||||||
Guaranty Bancshares |
17,868 | 595 | ||||||
Hanmi Financial |
8,614 | 265 |
27
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Hannon Armstrong Sustainable Infrastructure Capital‡ |
98,200 | $ | 1,915 | |||||
HCI Group |
2,200 | 84 | ||||||
Heritage Commerce |
112,899 | 1,861 | ||||||
Heritage Financial |
122,480 | 3,748 | ||||||
HomeStreet* |
6,997 | 200 | ||||||
Hope Bancorp |
33,996 | 618 | ||||||
Horace Mann Educators |
29,115 | 1,245 | ||||||
IBERIABANK |
53,501 | 4,173 | ||||||
Independent Bank |
7,392 | 529 | ||||||
Infinity Property & Casualty |
2,863 | 339 | ||||||
International. FCStone* |
4,206 | 180 | ||||||
Invesco Mortgage Capital‡ |
30,000 | 491 | ||||||
Investar Holding |
37,567 | 971 | ||||||
Investment Technology Group |
8,847 | 175 | ||||||
James River Group Holdings |
6,600 | 234 | ||||||
LegacyTexas Financial Group |
11,424 | 489 | ||||||
LPL Financial Holdings |
26,660 | 1,628 | ||||||
Luther Burbank |
33,014 | 396 | ||||||
Maiden Holdings |
18,165 | 118 | ||||||
MarketAxess Holdings |
1,862 | 405 | ||||||
Meta Financial Group |
2,394 | 261 | ||||||
MSCI, Cl A |
5,808 | 868 | ||||||
National Bank Holdings, Cl A |
82,569 | 2,745 | ||||||
Navigators Group |
5,933 | 342 | ||||||
NBT Bancorp |
11,736 | 416 | ||||||
New York Mortgage Trust‡ |
30,000 | 178 | ||||||
NMI Holdings, Cl A* |
15,090 | 250 | ||||||
Northfield Bancorp |
12,267 | 191 | ||||||
Northwest Bancshares |
27,659 | 458 | ||||||
OFG Bancorp |
11,109 | 116 | ||||||
Old Line Bancshares |
44,383 | 1,465 | ||||||
Old National Bancorp |
157,035 | 2,654 | ||||||
Opus Bank |
64,822 | 1,815 | ||||||
Oritani Financial |
10,586 | 162 | ||||||
Orrstown Financial Services |
15,045 | 363 | ||||||
Pacific Premier Bancorp* |
10,240 | 412 | ||||||
PacWest Bancorp |
25,930 | 1,284 | ||||||
PennyMac Mortgage Investment Trust‡ |
15,800 | 285 | ||||||
Piper Jaffray |
3,739 | 311 | ||||||
PRA Group* |
11,887 | 452 | ||||||
Primerica |
40,650 | 3,927 | ||||||
ProAssurance |
14,061 | 683 | ||||||
Prosperity Bancshares |
59,756 | 4,340 | ||||||
Provident Financial Services |
16,408 | 420 | ||||||
Reliant Bancorp |
35,582 | 811 | ||||||
RLI |
10,308 | 653 | ||||||
S&T Bancorp |
9,174 | 366 | ||||||
Safety Insurance Group |
4,108 | 316 | ||||||
Sandy Spring Bancorp |
46,032 | 1,784 |
Description | Shares | Value (000) | ||||||
Seacoast Banking Corp of Florida* |
12,400 | $ | 328 | |||||
Selective Insurance Group |
15,499 | 941 | ||||||
ServisFirst Bancshares |
12,009 | 490 | ||||||
Shore Bancshares |
55,922 | 1,055 | ||||||
Sierra Bancorp |
17,896 | 477 | ||||||
Simmons First National, Cl A |
20,692 | 589 | ||||||
SmartFinancial* |
19,959 | 470 | ||||||
Solar Capital |
53,930 | 1,095 | ||||||
Southern First Bancshares* |
4,601 | 205 | ||||||
Southern National Bancorp of Virginia |
121,976 | 1,932 | ||||||
Southside Bancshares |
7,454 | 259 | ||||||
State Auto Financial |
32,498 | 928 | ||||||
State Bank Financial |
86,828 | 2,606 | ||||||
Sterling Bancorp |
42,603 | 576 | ||||||
Stewart Information Services |
6,323 | 278 | ||||||
SVB Financial Group* |
15,765 | 3,784 | ||||||
Synovus Financial |
37,840 | 1,890 | ||||||
TCF Financial |
100,510 | 2,293 | ||||||
Texas Capital Bancshares* |
7,559 | 680 | ||||||
Third Point Reinsurance* |
21,823 | 304 | ||||||
Tompkins Financial |
3,215 | 244 | ||||||
TriCo Bancshares |
48,249 | 1,796 | ||||||
TrustCo Bank |
25,996 | 220 | ||||||
UMB Financial |
26,712 | 1,934 | ||||||
Umpqua Holdings |
213,568 | 4,572 | ||||||
United Community Banks |
19,494 | 617 | ||||||
United Fire Group |
5,603 | 268 | ||||||
United Insurance Holdings |
5,302 | 101 | ||||||
Universal Insurance Holdings |
8,424 | 269 | ||||||
Veritex Holdings* |
20,727 | 574 | ||||||
Virtus Investment Partners |
1,877 | 232 | ||||||
Waddell & Reed Financial, Cl A |
22,411 | 453 | ||||||
Walker & Dunlop |
7,418 | 441 | ||||||
WesBanco |
42,008 | 1,777 | ||||||
Westamerica Bancorporation |
46,862 | 2,722 | ||||||
Western Alliance Bancorp* |
31,555 | 1,834 | ||||||
WisdomTree Investments |
30,562 | 280 | ||||||
World Acceptance* |
1,694 | 178 | ||||||
Zions Bancorporation |
56,965 | 3,004 | ||||||
|
|
|||||||
194,795 | ||||||||
|
|
|||||||
Health Care – 10.8% |
||||||||
Abaxis |
6,006 | 424 | ||||||
ABIOMED* |
3,087 | 898 | ||||||
Acadia Healthcare* |
33,234 | 1,302 | ||||||
Aceto |
9,010 | 69 | ||||||
Acorda Therapeutics* |
12,424 | 294 | ||||||
Aerie Pharmaceuticals* |
33,884 | 1,838 | ||||||
Almost Family* |
3,400 | 190 | ||||||
AMAG Pharmaceuticals* |
9,091 | 183 | ||||||
Amedisys* |
7,455 | 450 |
28
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
AMN Healthcare Services* |
38,806 | $ | 2,202 | |||||
Amphastar Pharmaceuticals* |
9,512 | 178 | ||||||
Analogic |
3,317 | 318 | ||||||
AngioDynamics* |
9,903 | 171 | ||||||
ANI Pharmaceuticals* |
2,447 | 142 | ||||||
Anika Therapeutics* |
3,899 | 194 | ||||||
Array BioPharma* |
129,193 | 2,108 | ||||||
AxoGen* |
56,766 | 2,072 | ||||||
Bio-Techne |
12,325 | 1,862 | ||||||
BioTelemetry* |
8,215 | 255 | ||||||
Cambrex* |
8,815 | 461 | ||||||
Catalent* |
36,080 | 1,481 | ||||||
Charles River Laboratories International* |
10,934 | 1,167 | ||||||
Chemed |
11,120 | 3,034 | ||||||
Collegium Pharmaceutical* |
42,660 | 1,090 | ||||||
Community Health Systems* |
31,174 | 123 | ||||||
Computer Programs & Systems |
3,115 | 91 | ||||||
CONMED |
27,013 | 1,711 | ||||||
Corcept Therapeutics* |
25,096 | 413 | ||||||
CorVel* |
2,500 | 126 | ||||||
Cross Country Healthcare* |
118,667 | 1,318 | ||||||
CryoLife* |
61,899 | 1,241 | ||||||
Cutera* |
3,600 | 181 | ||||||
Cytokinetics* |
13,823 | 100 | ||||||
Depomed* |
16,985 | 112 | ||||||
DexCom* |
10,298 | 764 | ||||||
Diplomat Pharmacy* |
51,755 | 1,043 | ||||||
Eagle Pharmaceuticals* |
2,144 | 113 | ||||||
Emergent BioSolutions* |
9,458 | 498 | ||||||
Enanta Pharmaceuticals* |
3,897 | 315 | ||||||
Encompass Health |
102,767 | 5,875 | ||||||
Ensign Group |
12,792 | 336 | ||||||
Envision Healthcare* |
64,864 | 2,493 | ||||||
Esperion Therapeutics* |
20,464 | 1,480 | ||||||
GenMark Diagnostics* |
275,086 | 1,496 | ||||||
Glaukos* |
2,316 | 71 | ||||||
Global Blood Therapeutics* |
14,463 | 699 | ||||||
GlycoMimetics* |
42,761 | 694 | ||||||
Haemonetics* |
61,987 | 4,535 | ||||||
Halozyme Therapeutics* |
59,540 | 1,166 | ||||||
HealthEquity* |
28,682 | 1,736 | ||||||
HealthStream* |
7,053 | 175 | ||||||
Heron Therapeutics* |
11,450 | 316 | ||||||
Heska* |
1,741 | 138 | ||||||
HMS Holdings* |
76,260 | 1,284 | ||||||
ICU Medical* |
7,870 | 1,986 | ||||||
IDEXX Laboratories* |
8,000 | 1,531 | ||||||
Impax Laboratories* |
19,513 | 380 | ||||||
Innoviva* |
18,451 | 308 | ||||||
Inogen* |
4,610 | 566 |
Description | Shares | Value (000) | ||||||
Insulet* |
48,292 | $ | 4,186 | |||||
Integer Holdings* |
7,613 | 431 | ||||||
Integra LifeSciences Holdings* |
17,029 | 942 | ||||||
Intersect ENT* |
25,960 | 1,020 | ||||||
Intra-Cellular Therapies, Cl A* |
31,487 | 663 | ||||||
Invacare |
8,893 | 155 | ||||||
K2M Group Holdings* |
90,640 | 1,718 | ||||||
Kindred Healthcare* |
23,887 | 219 | ||||||
Lannett* |
8,185 | 131 | ||||||
Lantheus Holdings* |
46,809 | 744 | ||||||
LeMaitre Vascular |
4,200 | 152 | ||||||
LHC Group* |
4,422 | 272 | ||||||
Ligand Pharmaceuticals* |
15,008 | 2,479 | ||||||
LivaNova* |
17,630 | 1,560 | ||||||
Luminex |
10,744 | 226 | ||||||
Magellan Health* |
6,471 | 693 | ||||||
Medicines* |
17,095 | 563 | ||||||
MEDNAX* |
46,880 | 2,608 | ||||||
Meridian Bioscience |
10,733 | 152 | ||||||
Merit Medical Systems* |
69,233 | 3,140 | ||||||
MiMedx Group* |
27,970 | 195 | ||||||
Momenta Pharmaceuticals* |
20,233 | 367 | ||||||
Myriad Genetics* |
18,733 | 554 | ||||||
Natus Medical* |
8,620 | 290 | ||||||
Nektar Therapeutics, Cl A* |
23,478 | 2,495 | ||||||
Neogen* |
13,773 | 923 | ||||||
NeoGenomics* |
188,708 | 1,540 | ||||||
Neurocrine Biosciences* |
18,232 | 1,512 | ||||||
Novocure* |
42,785 | 933 | ||||||
Omnicell* |
10,425 | 452 | ||||||
OraSure Technologies* |
16,147 | 273 | ||||||
Orthofix International* |
4,881 | 287 | ||||||
Owens & Minor |
16,000 | 249 | ||||||
Oxford Immunotec Global* |
139,442 | 1,736 | ||||||
PetIQ, Cl A* |
35,504 | 944 | ||||||
Phibro Animal Health, Cl A |
5,140 | 204 | ||||||
PRA Health Sciences* |
11,485 | 953 | ||||||
Prestige Brands Holdings* |
33,355 | 1,125 | ||||||
Progenics Pharmaceuticals* |
18,097 | 135 | ||||||
Providence Service* |
29,791 | 2,060 | ||||||
Quality Systems* |
12,635 | 172 | ||||||
Quidel* |
52,833 | 2,737 | ||||||
Quorum Health* |
8,300 | 68 | ||||||
Repligen* |
9,896 | 358 | ||||||
Sage Therapeutics* |
6,028 | 971 | ||||||
Sarepta Therapeutics* |
12,600 | 934 | ||||||
Select Medical Holdings* |
28,778 | 496 | ||||||
Spectrum Pharmaceuticals* |
23,775 | 383 | ||||||
Supernus Pharmaceuticals* |
13,636 | 625 | ||||||
Surmodics* |
3,300 | 126 | ||||||
Tabula Rasa HealthCare* |
42,980 | 1,668 |
29
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Tactile Systems Technology* |
3,950 | $ | 126 | |||||
Teladoc* |
37,308 | 1,504 | ||||||
Tenet Healthcare* |
128,602 | 3,119 | ||||||
TG Therapeutics* |
29,228 | 415 | ||||||
Tivity Health* |
9,034 | 358 | ||||||
US Physical Therapy |
3,259 | 265 | ||||||
Varex Imaging* |
10,177 | 364 | ||||||
Vericel* |
108,869 | 1,083 | ||||||
WellCare Health Plans* |
16,034 | 3,105 | ||||||
|
|
|||||||
115,955 | ||||||||
|
|
|||||||
Industrials – 18.6% |
||||||||
AAON |
10,617 | 414 | ||||||
AAR |
37,280 | 1,644 | ||||||
ABM Industries |
73,504 | 2,461 | ||||||
Actuant, Cl A |
15,586 | 362 | ||||||
Advanced Drainage Systems |
81,450 | 2,110 | ||||||
Aegion, Cl A* |
8,749 | 200 | ||||||
AerCap Holdings* |
43,774 | 2,220 | ||||||
Aerojet Rocketdyne Holdings* |
20,192 | 565 | ||||||
Aerovironment* |
5,661 | 258 | ||||||
Air Transport Services Group* |
132,592 | 3,092 | ||||||
Alamo Group |
2,577 | 283 | ||||||
Albany International, Cl A |
29,289 | 1,836 | ||||||
Allegiant Travel, Cl A |
3,377 | 583 | ||||||
Altra Industrial Motion |
31,359 | 1,441 | ||||||
American Woodmark* |
3,736 | 368 | ||||||
AMETEK |
46,674 | 3,546 | ||||||
Apogee Enterprises |
85,748 | 3,717 | ||||||
Applied Industrial Technologies |
10,215 | 745 | ||||||
ArcBest |
26,421 | 847 | ||||||
Astec Industries |
5,118 | 282 | ||||||
Atlas Air Worldwide Holdings* |
6,646 | 402 | ||||||
Axon Enterprise* |
36,409 | 1,431 | ||||||
AZZ |
74,635 | 3,262 | ||||||
Barnes Group |
40,207 | 2,408 | ||||||
Beacon Roofing Supply* |
17,175 | 911 | ||||||
Brady, Cl A |
12,938 | 481 | ||||||
Briggs & Stratton |
11,726 | 251 | ||||||
Builders FirstSource* |
63,550 | 1,261 | ||||||
BWX Technologies, Cl W |
24,525 | 1,558 | ||||||
CAI International* |
53,627 | 1,140 | ||||||
Casella Waste Systems, Cl A* |
82,102 | 1,920 | ||||||
Celadon Group* |
354,458 | 1,311 | ||||||
Chart Industries* |
45,092 | 2,662 | ||||||
CIRCOR International* |
4,413 | 188 | ||||||
Columbus McKinnon |
125,373 | 4,493 | ||||||
Comfort Systems USA |
10,060 | 415 | ||||||
Commercial Vehicle Group* |
135,809 | 1,053 | ||||||
Covanta Holding |
160,476 | 2,327 | ||||||
Covenant Transportation Group, Cl A* |
57,196 | 1,706 |
Description | Shares | Value (000) | ||||||
CPI Aerostructures* |
165,592 | $ | 1,615 | |||||
Cubic |
6,553 | 417 | ||||||
Daseke* |
145,237 | 1,422 | ||||||
DXP Enterprises* |
57,481 | 2,239 | ||||||
Dycom Industries* |
21,536 | 2,318 | ||||||
Echo Global Logistics* |
84,454 | 2,331 | ||||||
EMCOR Group |
51,280 | 3,996 | ||||||
Encore Wire |
5,518 | 313 | ||||||
Engility Holdings* |
4,529 | 111 | ||||||
EnPro Industries |
5,744 | 444 | ||||||
ESCO Technologies |
7,012 | 411 | ||||||
Essendant |
10,525 | 82 | ||||||
Exponent |
6,801 | 535 | ||||||
Federal Signal |
15,796 | 348 | ||||||
Forrester Research |
2,811 | 117 | ||||||
Forward Air |
34,665 | 1,832 | ||||||
Franklin Electric |
10,134 | 413 | ||||||
FTI Consulting* |
9,865 | 478 | ||||||
GATX |
48,990 | 3,355 | ||||||
General Cable |
13,617 | 403 | ||||||
Genesee & Wyoming, Cl A* |
21,567 | 1,527 | ||||||
Gibraltar Industries* |
12,928 | 438 | ||||||
Global Brass & Copper Holdings |
20,814 | 696 | ||||||
Greenbrier |
7,601 | 382 | ||||||
Griffon |
8,212 | 150 | ||||||
Harsco* |
21,623 | 447 | ||||||
Hawaiian Holdings |
13,605 | 527 | ||||||
Heartland Express |
13,362 | 240 | ||||||
Heidrick & Struggles International |
4,800 | 150 | ||||||
Herc Holdings* |
16,935 | 1,100 | ||||||
Hillenbrand |
16,620 | 763 | ||||||
HNI |
70,598 | 2,548 | ||||||
Hub Group, Cl A* |
94,434 | 3,952 | ||||||
InnerWorkings* |
185,861 | 1,682 | ||||||
Insperity |
9,709 | 675 | ||||||
Insteel Industries |
4,985 | 138 | ||||||
Interface, Cl A |
92,311 | 2,326 | ||||||
ITT |
95,005 | 4,653 | ||||||
John Bean Technologies |
30,183 | 3,423 | ||||||
Kaman |
7,487 | 465 | ||||||
KBR |
282,218 | 4,569 | ||||||
Kelly Services, Cl A |
8,214 | 239 | ||||||
Kennametal |
26,527 | 1,065 | ||||||
Knight-Swift Transportation Holdings, Cl A |
73,448 | 3,379 | ||||||
Korn |
30,814 | 1,590 | ||||||
Lindsay |
2,771 | 253 | ||||||
LSC Communications |
9,476 | 165 | ||||||
Lydall* |
4,562 | 220 | ||||||
Marten Transport |
134,782 | 3,073 | ||||||
MasTec* |
37,104 | 1,746 |
30
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Matson |
11,176 | $ | 320 | |||||
Matthews International, Cl A |
34,699 | 1,756 | ||||||
McGrath RentCorp |
87,925 | 4,721 | ||||||
Mercury Systems* |
51,957 | 2,511 | ||||||
Middleby* |
12,496 | 1,547 | ||||||
Milacron Holdings* |
202,170 | 4,072 | ||||||
Mobile Mini |
50,841 | 2,212 | ||||||
Moog, Cl A |
48,782 | 4,020 | ||||||
Mueller Industries |
103,549 | 2,709 | ||||||
Mueller Water Products, Cl A |
210,072 | 2,283 | ||||||
Multi-Color |
3,651 | 241 | ||||||
MYR Group* |
4,538 | 140 | ||||||
National Presto Industries |
1,301 | 122 | ||||||
Navigant Consulting* |
11,583 | 223 | ||||||
NOW* |
158,399 | 1,619 | ||||||
On Assignment* |
89,558 | 7,333 | ||||||
Orbital ATK |
3,313 | 439 | ||||||
Orion Group Holdings* |
8,400 | 55 | ||||||
Patrick Industries* |
6,541 | 405 | ||||||
PGT Innovations* |
12,992 | 242 | ||||||
Powell Industries |
2,510 | 67 | ||||||
Proto Labs* |
6,646 | 781 | ||||||
Quanex Building Products |
9,293 | 162 | ||||||
Raven Industries |
9,515 | 333 | ||||||
RBC Bearings* |
13,532 | 1,681 | ||||||
Resources Connection |
8,100 | 131 | ||||||
Revolution Lighting Technologies* |
231,829 | 795 | ||||||
Roadrunner Transportation Systems* |
8,889 | 23 | ||||||
RR Donnelley & Sons |
17,800 | 155 | ||||||
Saia* |
32,324 | 2,429 | ||||||
Simpson Manufacturing |
70,727 | 4,073 | ||||||
SkyWest |
13,686 | 745 | ||||||
SP Plus* |
51,396 | 1,830 | ||||||
SPX* |
11,296 | 367 | ||||||
SPX FLOW* |
11,383 | 560 | ||||||
Standex International |
3,396 | 324 | ||||||
Steelcase, Cl A |
433,470 | 5,895 | ||||||
Student Transportation |
164,105 | 1,229 | ||||||
Team* |
76,250 | 1,048 | ||||||
Tennant |
4,675 | 316 | ||||||
Tetra Tech |
14,770 | 723 | ||||||
Titan International |
13,351 | 168 | ||||||
Titan Machinery* |
23,695 | 558 | ||||||
TransUnion* |
42,862 | 2,434 | ||||||
Trex* |
7,841 | 853 | ||||||
Triumph Group |
136,938 | 3,451 | ||||||
TrueBlue* |
10,983 | 284 | ||||||
UniFirst |
4,154 | 671 | ||||||
United Rentals* |
9,694 | 1,674 | ||||||
Universal Forest Products |
16,484 | 535 |
Description | Shares | Value (000) | ||||||
US Ecology |
5,815 | $ | 310 | |||||
Veritiv* |
2,759 | 108 | ||||||
Viad |
5,446 | 286 | ||||||
Vicor* |
4,000 | 114 | ||||||
Wabash National |
70,385 | 1,465 | ||||||
WABCO Holdings* |
5,568 | 745 | ||||||
Wabtec |
16,422 | 1,337 | ||||||
WageWorks* |
10,442 | 472 | ||||||
Watts Water Technologies, Cl A |
7,468 | 580 | ||||||
YRC Worldwide* |
154,604 | 1,365 | ||||||
|
|
|||||||
199,962 | ||||||||
|
|
|||||||
Information Technology – 17.2% |
| |||||||
2U* |
33,816 | 2,842 | ||||||
8x8* |
24,182 | 451 | ||||||
ACI Worldwide* |
49,321 | 1,170 | ||||||
ADTRAN |
132,552 | 2,061 | ||||||
Advanced Energy Industries* |
30,656 | 1,959 | ||||||
Agilysys* |
4,400 | 52 | ||||||
Alarm.com Holdings* |
6,700 | 253 | ||||||
Alpha & Omega Semiconductor* |
300 | 5 | ||||||
Amkor Technology* |
342,450 | 3,469 | ||||||
Anixter International* |
7,623 | 577 | ||||||
Applied Optoelectronics* |
5,334 | 134 | ||||||
Apptio, Cl A* |
17,855 | 506 | ||||||
Arista Networks* |
4,280 | 1,093 | ||||||
Aspen Technology* |
17,931 | 1,415 | ||||||
Attunity* |
153,003 | 1,148 | ||||||
Axcelis Technologies* |
8,479 | 209 | ||||||
Badger Meter |
7,636 | 360 | ||||||
Bel Fuse, Cl B |
2,556 | 48 | ||||||
Belden |
26,098 | 1,799 | ||||||
Benchmark Electronics |
46,740 | 1,395 | ||||||
Blucora* |
12,319 | 303 | ||||||
Bottomline Technologies* |
62,136 | 2,408 | ||||||
Brooks Automation |
18,446 | 500 | ||||||
Cabot Microelectronics |
6,786 | 727 | ||||||
CACI International, Cl A* |
6,575 | 995 | ||||||
CalAmp* |
83,471 | 1,910 | ||||||
Cardlytics* |
31,023 | 454 | ||||||
Cardtronics* |
12,133 | 271 | ||||||
CEVA* |
6,021 | 218 | ||||||
Cohu |
7,700 | 176 | ||||||
Comtech Telecommunications |
6,302 | 188 | ||||||
Conduent* |
57,375 | 1,069 | ||||||
Control4* |
5,476 | 118 | ||||||
CoStar Group* |
7,680 | 2,785 | ||||||
Cray* |
44,086 | 913 | ||||||
Cree* |
57,121 | 2,303 | ||||||
CSG Systems International |
8,758 | 397 | ||||||
CTS |
8,586 | 234 |
31
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Cypress Semiconductor |
94,950 | $ | 1,610 | |||||
Daktronics |
9,800 | 86 | ||||||
DHI Group* |
14,897 | 24 | ||||||
Diebold Nixdorf |
157,148 | 2,420 | ||||||
Digi International* |
7,616 | 78 | ||||||
Diodes* |
10,185 | 310 | ||||||
DSP Group* |
6,300 | 74 | ||||||
Ebix |
5,891 | 439 | ||||||
Electro Scientific Industries* |
8,945 | 173 | ||||||
Electronics For Imaging* |
182,874 | 4,998 | ||||||
eMagin* |
473,097 | 686 | ||||||
Envestnet* |
22,995 | 1,318 | ||||||
ePlus* |
3,648 | 283 | ||||||
Euronet Worldwide* |
26,308 | 2,076 | ||||||
Everi Holdings* |
171,868 | 1,129 | ||||||
EVERTEC* |
15,700 | 257 | ||||||
ExlService Holdings* |
9,151 | 510 | ||||||
Extreme Networks* |
31,100 | 344 | ||||||
Fabrinet* |
9,959 | 313 | ||||||
FARO Technologies* |
27,849 | 1,626 | ||||||
Finisar* |
30,200 | 477 | ||||||
First Solar* |
29,634 | 2,103 | ||||||
Five9* |
91,382 | 2,722 | ||||||
FLIR Systems |
52,866 | 2,644 | ||||||
FormFactor* |
19,200 | 262 | ||||||
Gartner* |
9,039 | 1,063 | ||||||
Glu Mobile* |
230,655 | 870 | ||||||
Gogo* |
141,973 | 1,225 | ||||||
GrubHub* |
40,092 | 4,068 | ||||||
GTT Communications* |
40,295 | 2,285 | ||||||
Harmonic* |
22,627 | 86 | ||||||
Hortonworks* |
86,560 | 1,763 | ||||||
IAC* |
18,462 | 2,887 | ||||||
II-VI* |
14,534 | 594 | ||||||
Infinera* |
40,586 | 441 | ||||||
Insight Enterprises* |
30,681 | 1,072 | ||||||
Instructure* |
14,910 | 628 | ||||||
Integrated Device Technology* |
54,365 | 1,661 | ||||||
InterXion Holding* |
32,285 | 2,005 | ||||||
IPG Photonics* |
3,226 | 753 | ||||||
Itron* |
35,666 | 2,552 | ||||||
KEMET* |
13,159 | 239 | ||||||
Knowles* |
74,526 | 938 | ||||||
Kopin* |
18,000 | 56 | ||||||
Kulicke & Soffa Industries* |
19,000 | 475 | ||||||
Liquidity Services* |
41,030 | 267 | ||||||
LivePerson* |
104,446 | 1,708 | ||||||
Lumentum Holdings* |
16,635 | 1,061 | ||||||
ManTech International, Cl A |
33,751 | 1,872 | ||||||
Marvell Technology Group |
53,085 | 1,115 | ||||||
Mattersight* |
685,849 | 1,440 |
Description | Shares | Value (000) | ||||||
MaxLinear, Cl A* |
16,448 | $ | 374 | |||||
Mellanox Technologies* |
8,350 | 608 | ||||||
Methode Electronics |
9,709 | 380 | ||||||
Microsemi* |
40,166 | 2,600 | ||||||
MicroStrategy, Cl A* |
2,445 | 315 | ||||||
Mimecast* |
92,248 | 3,268 | ||||||
MKS Instruments |
16,493 | 1,907 | ||||||
Monotype Imaging Holdings |
11,162 | 251 | ||||||
MTS Systems |
4,688 | 242 | ||||||
MuleSoft, Cl A* |
31,955 | 1,405 | ||||||
Nanometrics* |
6,258 | 168 | ||||||
NeoPhotonics* |
50,005 | 343 | ||||||
NETGEAR* |
8,395 | 480 | ||||||
New Relic* |
20,459 | 1,516 | ||||||
NIC |
17,752 | 236 | ||||||
Novanta* |
49,546 | 2,584 | ||||||
Nuance Communications* |
67,915 | 1,070 | ||||||
Nutanix, Cl A* |
46,166 | 2,267 | ||||||
Oclaro* |
44,522 | 426 | ||||||
OSI Systems* |
4,676 | 305 | ||||||
Park Electrochemical |
4,878 | 82 | ||||||
PDF Solutions* |
6,900 | 80 | ||||||
Perficient* |
9,249 | 212 | ||||||
PFSweb* |
88,756 | 776 | ||||||
Photronics* |
18,610 | 154 | ||||||
Plexus* |
8,962 | 535 | ||||||
Power Integrations |
8,012 | 548 | ||||||
Progress Software |
12,467 | 479 | ||||||
Proofpoint* |
12,855 | 1,461 | ||||||
PTC* |
24,630 | 1,921 | ||||||
Pure Storage, Cl A* |
139,932 | 2,792 | ||||||
Q2 Holdings* |
16,000 | 729 | ||||||
Qualys* |
8,552 | 622 | ||||||
QuinStreet* |
9,200 | 118 | ||||||
Radware* |
59,030 | 1,260 | ||||||
Rambus* |
29,639 | 398 | ||||||
Rapid7* |
66,350 | 1,697 | ||||||
RealPage* |
43,345 | 2,232 | ||||||
RingCentral, Cl A* |
65,001 | 4,128 | ||||||
Rogers* |
24,693 | 2,952 | ||||||
Rudolph Technologies* |
8,265 | 229 | ||||||
Sanmina* |
18,704 | 489 | ||||||
ScanSource* |
6,652 | 237 | ||||||
Semtech* |
17,481 | 683 | ||||||
ServiceNow* |
4,438 | 734 | ||||||
Shopify, Cl A* |
5,511 | 687 | ||||||
Shutterstock* |
4,849 | 234 | ||||||
SMART Global Holdings* |
18,090 | 902 | ||||||
SolarEdge Technologies* |
9,455 | 497 | ||||||
Splunk* |
14,980 | 1,474 | ||||||
SPS Commerce* |
4,509 | 289 |
32
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Square, Cl A* |
50,143 | $ | 2,467 | |||||
Stamps.com* |
4,345 | 874 | ||||||
Super Micro Computer* |
10,015 | 170 | ||||||
Sykes Enterprises* |
10,532 | 305 | ||||||
Synchronoss Technologies* |
11,214 | 118 | ||||||
Teradyne |
74,490 | 3,405 | ||||||
TiVo |
70,293 | 953 | ||||||
Travelport Worldwide |
32,900 | 538 | ||||||
Trimble* |
42,335 | 1,519 | ||||||
TTEC Holdings |
3,988 | 122 | ||||||
TTM Technologies* |
24,866 | 380 | ||||||
Ultra Clean Holdings* |
10,100 | 194 | ||||||
Upland Software* |
21,280 | 613 | ||||||
USA Technologies* |
142,050 | 1,278 | ||||||
Varonis Systems* |
33,745 | 2,042 | ||||||
VASCO Data Security International* |
7,763 | 101 | ||||||
Veeco Instruments* |
12,643 | 215 | ||||||
VeriFone Systems* |
71,062 | 1,093 | ||||||
Viavi Solutions* |
59,197 | 575 | ||||||
Virtusa* |
38,700 | 1,875 | ||||||
Vishay Intertechnology |
167,020 | 3,107 | ||||||
WEX* |
9,318 | 1,459 | ||||||
XO Group* |
6,175 | 128 | ||||||
Xperi |
251,122 | 5,311 | ||||||
Zebra Technologies, Cl A* |
24,883 | 3,463 | ||||||
Zendesk* |
88,080 | 4,216 | ||||||
|
|
|||||||
183,898 | ||||||||
|
|
|||||||
Materials – 5.8% |
||||||||
A Schulman |
7,748 | 333 | ||||||
AdvanSix* |
8,016 | 279 | ||||||
AK Steel Holding* |
85,005 | 385 | ||||||
Alamos Gold, Cl A |
62,661 | 326 | ||||||
Allegheny Technologies* |
39,225 | 929 | ||||||
American Vanguard |
7,243 | 146 | ||||||
AptarGroup |
35,260 | 3,167 | ||||||
Avery Dennison |
34,535 | 3,669 | ||||||
Balchem |
8,471 | 693 | ||||||
Bemis |
78,999 | 3,438 | ||||||
Boise Cascade |
10,365 | 400 | ||||||
Century Aluminum* |
13,412 | 222 | ||||||
Chemours |
31,632 | 1,541 | ||||||
Clearwater Paper* |
4,472 | 175 | ||||||
Commercial Metals |
189,411 | 3,875 | ||||||
Compass Minerals International |
75,653 | 4,562 | ||||||
Ferroglobe* |
198,476 | 2,130 | ||||||
Flotek Industries* |
15,698 | 96 | ||||||
FutureFuel |
6,638 | 80 | ||||||
Graphic Packaging Holding |
74,375 | 1,142 | ||||||
Hawkins |
2,681 | 94 | ||||||
Haynes International |
3,365 | 125 |
Description | Shares | Value (000) | ||||||
HB Fuller |
13,320 | $ | 662 | |||||
Ingevity* |
27,099 | 1,997 | ||||||
Innophos Holdings |
58,803 | 2,365 | ||||||
Innospec |
6,571 | 451 | ||||||
Kaiser Aluminum |
4,390 | 443 | ||||||
KapStone Paper and Packaging |
23,125 | 793 | ||||||
KMG Chemicals |
11,279 | 676 | ||||||
Koppers Holdings* |
5,630 | 231 | ||||||
Kraton* |
65,144 | 3,108 | ||||||
LSB Industries* |
4,985 | 31 | ||||||
Materion |
5,333 | 272 | ||||||
Mercer International |
110,898 | 1,381 | ||||||
Myers Industries |
6,101 | 129 | ||||||
Neenah Paper |
4,444 | 348 | ||||||
Olympic Steel |
2,049 | 42 | ||||||
PH Glatfelter |
151,147 | 3,103 | ||||||
Quaker Chemical |
3,494 | 518 | ||||||
Rayonier Advanced Materials |
13,782 | 296 | ||||||
Ryerson Holding* |
301,140 | 2,454 | ||||||
Schweitzer-Mauduit International |
8,252 | 323 | ||||||
Silgan Holdings |
167,551 | 4,666 | ||||||
Stepan |
5,354 | 445 | ||||||
Summit Materials, Cl A* |
38,310 | 1,160 | ||||||
SunCoke Energy* |
16,868 | 182 | ||||||
TimkenSteel* |
9,921 | 151 | ||||||
Tredegar |
7,154 | 128 | ||||||
US Concrete* |
4,117 | 249 | ||||||
US Silica Holdings |
21,116 | 539 | ||||||
Valvoline |
151,460 | 3,352 | ||||||
Westlake Chemical |
36,440 | 4,050 | ||||||
|
|
|||||||
62,352 | ||||||||
|
|
|||||||
Real Estate – 3.1% |
||||||||
Acadia Realty Trust‡ |
22,502 | 554 | ||||||
Agree Realty‡ |
8,326 | 400 | ||||||
American Assets Trust‡ |
10,903 | 364 | ||||||
Armada Hoffler Properties‡ |
12,119 | 166 | ||||||
CareTrust‡ |
20,409 | 273 | ||||||
CatchMark Timber Trust, Cl A‡ |
143,836 | 1,794 | ||||||
CBL & Associates Properties‡ |
46,751 | 195 | ||||||
Cedar Realty Trust‡ |
19,754 | 78 | ||||||
Chatham Lodging Trust‡ |
11,945 | 229 | ||||||
Chesapeake Lodging Trust‡ |
16,145 | 449 | ||||||
Community Healthcare Trust‡ |
56,654 | 1,458 | ||||||
Cousins Properties‡ |
100,171 | 869 | ||||||
DiamondRock Hospitality‡ |
53,237 | 556 | ||||||
Easterly Government Properties‡ |
11,800 | 241 | ||||||
EastGroup Properties‡ |
9,285 | 767 | ||||||
Education Realty Trust‡ |
58,069 | 1,902 | ||||||
Four Corners Property Trust‡ |
16,122 | 372 | ||||||
Franklin Street Properties‡ |
29,200 | 246 |
33
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Getty Realty‡ |
8,668 | $ | 219 | |||||
Global Net Lease‡ |
17,500 | 295 | ||||||
Government Properties Income Trust‡ |
26,121 | 357 | ||||||
Hersha Hospitality Trust, Cl A‡ |
9,487 | 170 | ||||||
HFF, Cl A* |
9,922 | 493 | ||||||
Independence Realty Trust‡ |
22,266 | 204 | ||||||
Kite Realty Group Trust‡ |
22,091 | 336 | ||||||
Lexington Realty Trust‡ |
58,282 | 459 | ||||||
LTC Properties‡ |
10,717 | 407 | ||||||
MedEquities Realty Trust‡ |
123,158 | 1,294 | ||||||
National Storage Affiliates Trust‡ |
13,062 | 328 | ||||||
Outfront Media‡ |
170,528 | 3,196 | ||||||
Pennsylvania‡ |
18,487 | 178 | ||||||
PS Business Parks‡ |
5,374 | 607 | ||||||
QTS Realty Trust, Cl A‡ |
54,905 | 1,989 | ||||||
Ramco-Gershenson Properties Trust‡ |
21,315 | 263 | ||||||
Rayonier‡ |
82,262 | 2,894 | ||||||
RE/MAX Holdings, Cl A |
4,624 | 280 | ||||||
Retail Opportunity Investments‡ |
162,231 | 2,867 | ||||||
RLJ Lodging Trust‡ |
92,457 | 1,797 | ||||||
Saul Centers‡ |
3,247 | 166 | ||||||
STAG Industrial‡ |
49,834 | 1,192 | ||||||
Summit Hotel Properties‡ |
27,420 | 373 | ||||||
Taubman Centers‡ |
24,631 | 1,402 | ||||||
Universal Health Realty Income Trust‡ |
3,338 | 201 | ||||||
Urstadt Biddle Properties, Cl A‡ |
8,003 | 154 | ||||||
Whitestone, Cl B‡ |
10,100 | 105 | ||||||
|
|
|||||||
33,139 | ||||||||
|
|
|||||||
Telecommunication Services – 0.8% |
| |||||||
ATN International |
5,337 | 318 | ||||||
Boingo Wireless* |
62,326 | 1,544 | ||||||
Cincinnati Bell* |
11,181 | 155 | ||||||
Cogent Communications Holdings |
11,142 | 483 | ||||||
Consolidated Communications Holdings |
16,935 | 186 | ||||||
Frontier Communications* |
19,800 | 147 | ||||||
Hawaiian Telcom Holdco* |
18,385 | 490 | ||||||
Iridium Communications* |
22,382 | 252 | ||||||
Loral Space & Communications* |
68,830 | 2,867 | ||||||
Spok Holdings |
5,100 | 76 | ||||||
Vonage Holdings* |
234,471 | 2,497 | ||||||
|
|
|||||||
9,015 | ||||||||
|
|
|||||||
Utilities – 1.1% |
||||||||
ALLETE |
29,520 | 2,133 | ||||||
American States Water |
78,776 | 4,180 | ||||||
AquaVenture Holdings* |
65,807 | 817 | ||||||
Avista |
17,533 | 899 | ||||||
California Water Service Group |
12,589 | 469 |
Description | Shares | Value (000) | ||||||
El Paso Electric |
10,782 | $ | 550 | |||||
Northwest Natural Gas |
7,763 | 447 | ||||||
South Jersey Industries |
21,074 | 593 | ||||||
Spire |
12,911 | 933 | ||||||
Unitil |
25,611 | 1,189 | ||||||
|
|
|||||||
12,210 | ||||||||
|
|
|||||||
Total Common Stock |
1,035,202 | |||||||
|
|
|||||||
Exchange Traded Funds — 0.3% |
| |||||||
iShares Russell 2000 ETF |
11,218 | 1,703 | ||||||
iShares Russell 2000 Value ETF |
12,287 | 1,498 | ||||||
|
|
|||||||
Total Exchange Traded Funds |
3,201 | |||||||
|
|
|||||||
Rights — 0.0%
|
||||||||
Number of Rights |
||||||||
Chelsea Therapeutics International*† (B) |
2,000 | – | ||||||
Durata Therapeutics*† (B) |
900 | – | ||||||
Dyax, Expires 12/31/2019* (B) |
12,613 | 31 | ||||||
Media General*† (B) |
9,318 | 1 | ||||||
Tobira Therapeutics, Expires 12/31/2028* (B) |
900 | – | ||||||
|
|
|||||||
Total Rights |
|
32 | ||||||
|
|
|||||||
Short-Term Investment — 3.4% |
| |||||||
State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.510% (C) |
36,409,971 | 36,410 | ||||||
|
|
|||||||
Total Short-Term Investment |
|
36,410 | ||||||
|
|
|||||||
Total Investments In Securities — 100.2% |
|
$ | 1,074,845 | |||||
|
|
Percentages are based on Net Assets of $1,072,725 (000).
A list of the open futures contracts held by the Fund at March 31, 2018, is as follows (000):
Type of |
Number of Contracts Long |
Expiration Date |
Notional Amount |
Value | Unrealized Depreciation |
|||||||||||||||
Russell 2000 |
||||||||||||||||||||
Index E-MINI |
61 | Jun-2018 | $ | 4,852 | $ | 4,670 | $ | (182 | ) | |||||||||||
|
|
|
|
|
|
* | Non-income producing security. |
† | Currently, expiration date is unavailable. |
‡ | Real Estate Investment Trust |
34
KP Small Cap Equity Fund
Schedule of Investments
March 31, 2018 (unaudited)
(A) | Security considered Master Limited Partnership. At March 31, 2018, this security amounted to $417 (000) or 0.0% of Net Assets. |
(B) | Level 3 security fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of December 31, 2017, was $32 (000) and represented 0.0% of Net Assets. |
(C) | The rate reported is the 7-day effective yield as of March 31, 2018. |
ADR — American Depositary Receipt
Cl — Class
ETF — Exchange Traded Fund
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock |
$ | 1,035,202 | $ | - | $ | - | $ | 1,035,202 | ||||||||
Exchange Traded Funds |
3,201 | - | - | 3,201 | ||||||||||||
Rights |
- | - | 32 | 32 | ||||||||||||
Short-Term Investment |
36,410 | - | - | 36,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments in Securities |
$ | 1,074,813 | $ | - $ | 32 | $ | 1,074,845 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Futures Contracts** |
||||||||||||||||
Unrealized Depreciation |
$ | (182 | ) | $ | - | $ | - | $ | (182 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
Total Other Financial Instruments |
$ | (182 | ) | $ | - | $ | - | $ | (182 | ) | ||||||
|
|
|
|
|
|
|
|
** | Futures contracts are valued at the unrealized depreciation on the instrument. |
^ | A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the year in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets. |
As of March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
Amounts designated as “-“ are $0 or have been rounded to $0.
35
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Common Stock — 95.9% |
||||||||
Argentina – 0.2% |
||||||||
Grupo Financiero Galicia ADR |
12,589 | $ | 828 | |||||
YPF ADR |
46,587 | 1,007 | ||||||
|
|
|||||||
1,835 | ||||||||
|
|
|||||||
Australia – 3.0% |
||||||||
Abacus Property Group ‡ |
18,673 | 50 | ||||||
Accent Group |
15,190 | 15 | ||||||
Aconex* |
8,021 | 48 | ||||||
Adelaide Brighton |
21,328 | 103 | ||||||
Afterpay Touch Group* |
5,501 | 28 | ||||||
AGL Energy |
11,866 | 199 | ||||||
Ainsworth Game Technology |
5,399 | 8 | ||||||
ALS |
140,835 | 811 | ||||||
Altium |
5,875 | 90 | ||||||
Alumina |
406,277 | 746 | ||||||
Amcor |
72,226 | 793 | ||||||
AMP |
52,731 | 203 | ||||||
Ansell |
7,351 | 144 | ||||||
APA Group |
21,935 | 133 | ||||||
APN Outdoor Group |
7,424 | 27 | ||||||
ARB |
3,836 | 59 | ||||||
Ardent Leisure Group |
22,700 | 32 | ||||||
Aristocrat Leisure |
9,855 | 185 | ||||||
Asaleo Care |
280,915 | 278 | ||||||
ASX |
3,759 | 163 | ||||||
Aurizon Holdings |
36,080 | 118 | ||||||
Ausdrill |
25,524 | 53 | ||||||
AusNet Services |
33,807 | 44 | ||||||
Austal |
12,906 | 18 | ||||||
Australia & New Zealand Banking Group |
171,401 | 3,581 | ||||||
Australian Agricultural* |
20,716 | 19 | ||||||
Australian Pharmaceutical Industries |
19,473 | 23 | ||||||
Automotive Holdings Group |
12,095 | 33 | ||||||
Aventus Retail Property Fund ‡ |
11,420 | 19 | ||||||
Aveo Group |
21,860 | 45 | ||||||
Bank of Queensland |
6,607 | 56 | ||||||
Bapcor |
14,045 | 62 | ||||||
Beach Energy |
108,085 | 103 | ||||||
Bega Cheese |
8,574 | 45 | ||||||
Bellamy’s Australia* |
3,993 | 61 | ||||||
Bendigo & Adelaide Bank |
8,051 | 61 | ||||||
BHP Billiton |
73,675 | 1,629 | ||||||
Bingo Industries |
14,660 | 32 | ||||||
Blackmores |
676 | 66 | ||||||
Blue Sky Alternative Investments |
2,626 | 21 | ||||||
BlueScope Steel |
84,011 | 993 | ||||||
Boral |
21,882 | 126 | ||||||
Brambles |
28,735 | 222 | ||||||
Breville Group |
4,591 | 41 | ||||||
Brickworks |
4,260 | 51 | ||||||
BT Investment Management |
9,345 | 73 | ||||||
BWP Trust ‡ |
30,570 | 71 | ||||||
BWX |
3,414 | 13 | ||||||
Caltex Australia |
18,442 | 448 | ||||||
carsales.com |
57,124 | 597 | ||||||
Cedar Woods Properties |
2,353 | 12 | ||||||
Centuria Industrial ‡ |
11,378 | 21 |
Description | Shares | Value (000) | ||||||
Challenger |
11,360 | $ | 102 | |||||
Charter Hall Group ‡ |
22,471 | 100 | ||||||
Charter Hall Long Wale ‡ |
5,923 | 18 | ||||||
Charter Hall Retail ‡ |
16,316 | 48 | ||||||
CIMIC Group |
1,699 | 59 | ||||||
Clean TeQ Holdings* |
20,731 | 19 | ||||||
Cleanaway Waste Management |
858,909 | 958 | ||||||
Coca-Cola Amatil |
113,708 | 761 | ||||||
Cochlear |
1,119 | 157 | ||||||
Collins Foods |
5,344 | 21 | ||||||
Commonwealth Bank of Australia |
32,906 | 1,844 | ||||||
Computershare |
8,953 | 120 | ||||||
Corporate Travel Management |
3,588 | 65 | ||||||
Costa Group Holdings |
12,822 | 68 | ||||||
Credit Group |
2,528 | 37 | ||||||
Cromwell Property Group ‡ |
74,113 | 61 | ||||||
Crown Resorts |
6,940 | 68 | ||||||
CSL |
8,512 | 1,027 | ||||||
CSR |
24,573 | 99 | ||||||
Dexus ‡ |
18,911 | 136 | ||||||
Domain Holdings Australia |
90,984 | 229 | ||||||
Domino’s Pizza Enterprises |
1,173 | 38 | ||||||
Donaco International |
25,064 | 4 | ||||||
Downer EDI |
30,087 | 150 | ||||||
DuluxGroup |
96,833 | 553 | ||||||
Eclipx Group |
13,215 | 37 | ||||||
Estia Health |
12,273 | 32 | ||||||
Evolution Mining |
58,645 | 137 | ||||||
Fairfax Media |
652,410 | 340 | ||||||
FlexiGroup |
14,134 | 20 | ||||||
Flight Centre Travel Group |
1,077 | 47 | ||||||
Folkestone Education Trust ‡ |
8,611 | 18 | ||||||
Fortescue Metals Group |
30,354 | 102 | ||||||
Freedom Foods Group |
3,691 | 15 | ||||||
G8 Education |
21,495 | 44 | ||||||
Galaxy Resources* |
18,998 | 44 | ||||||
Gateway Lifestyle |
16,799 | 26 | ||||||
GDI Property Group ‡ |
19,097 | 18 | ||||||
Genworth Mortgage Insurance Australia |
14,780 | 26 | ||||||
Goodman Group ‡ |
32,580 | 212 | ||||||
GPT Group ‡ |
34,866 | 128 | ||||||
GrainCorp, Cl A |
12,152 | 79 | ||||||
Greencross |
4,776 | 20 | ||||||
Growthpoint Properties Australia ‡ |
13,996 | 36 | ||||||
GUD Holdings |
57,902 | 533 | ||||||
GWA Group |
7,400 | 19 | ||||||
Hansen Technologies |
6,846 | 22 | ||||||
Harvey Norman Holdings |
8,587 | 25 | ||||||
Healthscope |
33,196 | 50 | ||||||
HT&E |
13,604 | 20 | ||||||
IDP Education |
5,550 | 32 | ||||||
Iluka Resources |
40,462 | 332 | ||||||
Incitec Pivot |
33,186 | 90 | ||||||
Independence Group NL |
24,101 | 86 | ||||||
Infigen Energy* |
49,136 | 22 | ||||||
Inghams Group |
12,945 | 34 | ||||||
Insurance Australia Group |
45,334 | 262 | ||||||
Investa Office Fund ‡ |
26,337 | 88 | ||||||
InvoCare |
5,573 | 56 | ||||||
IOOF Holdings |
14,794 | 117 | ||||||
IPH |
49,395 | 130 | ||||||
IRESS |
7,670 | 56 |
36
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
James Hardie Industries |
8,189 | $ | 145 | |||||
Japara Healthcare |
11,253 | 17 | ||||||
JB Hi-Fi |
5,744 | 114 | ||||||
Karoon Gas Australia* |
10,804 | 10 | ||||||
Lend Lease Group |
10,828 | 145 | ||||||
Link Administration Holdings |
23,073 | 148 | ||||||
Lynas* |
25,865 | 50 | ||||||
Macquarie Atlas Roads Group |
29,949 | 134 | ||||||
Macquarie Group |
6,039 | 482 | ||||||
Magellan Financial Group |
5,960 | 110 | ||||||
Mantra Group |
15,612 | 47 | ||||||
Mayne Pharma Group* |
61,782 | 35 | ||||||
McMillan Shakespeare |
3,811 | 50 | ||||||
Medibank |
53,370 | 119 | ||||||
Mesoblast* |
16,915 | 20 | ||||||
Metcash |
170,755 | 412 | ||||||
Michael Hill International |
10,400 | 9 | ||||||
Mineral Resources |
7,968 | 105 | ||||||
Mirvac Group ‡ |
71,974 | 120 | ||||||
Monadelphous Group |
4,546 | 53 | ||||||
Myer Holdings |
38,418 | 11 | ||||||
MYOB Group |
19,451 | 46 | ||||||
Nanosonics* |
14,941 | 30 | ||||||
National Australia Bank |
115,686 | 2,554 | ||||||
National Storage ‡ |
33,316 | 40 | ||||||
Navitas |
12,319 | 47 | ||||||
Newcrest Mining |
53,011 | 799 | ||||||
NEXTDC* |
14,296 | 73 | ||||||
Nine Entertainment Holdings |
36,217 | 63 | ||||||
Northern Star Resources |
30,348 | 147 | ||||||
Nufarm |
12,548 | 82 | ||||||
OFX Group |
10,103 | 13 | ||||||
Oil Search |
25,470 | 141 | ||||||
oOh!media |
7,485 | 27 | ||||||
Orica |
140,067 | 1,922 | ||||||
Origin Energy* |
33,770 | 229 | ||||||
Orocobre* |
8,992 | 38 | ||||||
Orora |
91,113 | 233 | ||||||
OZ Minerals |
15,079 | 105 | ||||||
Pact Group Holdings |
11,705 | 49 | ||||||
Perpetual |
2,404 | 87 | ||||||
Pilbara Minerals* |
61,940 | 40 | ||||||
Platinum Asset Management |
11,702 | 53 | ||||||
Premier Investments |
5,104 | 62 | ||||||
Primary Health Care |
22,786 | 69 | ||||||
Pro Medicus |
2,160 | 14 | ||||||
QBE Insurance Group |
84,925 | 633 | ||||||
Qube Holdings |
94,277 | 159 | ||||||
Ramsay Health Care |
2,637 | 127 | ||||||
RCR Tomlinson |
7,447 | 23 | ||||||
REA Group |
970 | 60 | ||||||
Regis Healthcare |
9,607 | 27 | ||||||
Regis Resources |
23,419 | 82 | ||||||
Reliance Worldwide |
22,521 | 78 | ||||||
Resolute Mining |
32,105 | 31 | ||||||
Retail Food Group |
7,033 | 5 | ||||||
Rio Tinto |
7,611 | 430 | ||||||
Sandfire Resources NL |
8,287 | 47 | ||||||
Santos* |
34,909 | 138 | ||||||
Saracen Mineral Holdings* |
38,988 | 53 | ||||||
Scentre Group ‡ |
100,191 | 294 | ||||||
SEEK |
5,755 | 83 | ||||||
Select Harvests |
3,187 | 14 |
Description | Shares | Value (000) | ||||||
Seven Group Holdings |
5,914 | $ | 80 | |||||
Seven West Media |
46,648 | 19 | ||||||
SG Fleet Group |
4,472 | 13 | ||||||
Shopping Centres Australasia Property Group ‡ |
43,343 | 78 | ||||||
Sigma Healthcare |
193,146 | 116 | ||||||
Sims Metal Management |
8,463 | 95 | ||||||
Sirtex Medical |
2,990 | 64 | ||||||
SmartGroup |
4,068 | 34 | ||||||
Sonic Healthcare |
7,461 | 132 | ||||||
South32 |
92,165 | 230 | ||||||
Southern Cross Media Group |
39,666 | 32 | ||||||
Spark Infrastructure Group |
86,330 | 159 | ||||||
SpeedCast International |
9,445 | 37 | ||||||
St. Barbara |
25,964 | 80 | ||||||
Star Entertainment Grp |
39,579 | 162 | ||||||
Steadfast Group |
39,053 | 76 | ||||||
Stockland ‡ |
47,513 | 148 | ||||||
Suncorp Group |
24,832 | 256 | ||||||
Super Retail Group |
6,649 | 35 | ||||||
Sydney Airport |
21,519 | 112 | ||||||
Syrah Resources* |
13,134 | 33 | ||||||
Tabcorp Holdings |
37,462 | 127 | ||||||
Tassal Group |
9,223 | 27 | ||||||
Technology One |
12,851 | 52 | ||||||
Telstra |
75,395 | 183 | ||||||
Tox Free Solutions |
8,146 | 21 | ||||||
TPG Telecom |
6,725 | 29 | ||||||
Transurban Group |
41,212 | 364 | ||||||
Treasury Wine Estates |
13,408 | 176 | ||||||
Vicinity Centres ‡ |
57,907 | 108 | ||||||
Village Roadshow* |
3,387 | 8 | ||||||
Virtus Health |
3,028 | 13 | ||||||
Viva Energy ‡ |
25,338 | 39 | ||||||
Vocus Communications* |
32,193 | 55 | ||||||
Washington H Soul Pattinson |
8,510 | 122 | ||||||
Webjet |
4,926 | 42 | ||||||
Wesfarmers |
21,404 | 687 | ||||||
Western Areas |
12,164 | 30 | ||||||
Westfield ‡ |
37,861 | 247 | ||||||
Westgold Resources* |
9,066 | 10 | ||||||
Westpac Banking |
63,789 | 1,415 | ||||||
Whitehaven Coal |
25,874 | 90 | ||||||
WiseTech Global |
4,090 | 30 | ||||||
Woodside Petroleum |
17,347 | 394 | ||||||
Woolworths Group |
151,790 | 3,079 | ||||||
WorleyParsons |
12,750 | 143 | ||||||
WPP AUNZ |
14,271 | 10 | ||||||
|
|
|||||||
44,044 | ||||||||
|
|
|||||||
Austria – 0.2% |
||||||||
ANDRITZ |
4,428 | 248 | ||||||
AT&S Austria Technologie & Systemtechnik |
1,415 | 39 | ||||||
BUWOG* |
1,724 | 62 | ||||||
DO & CO |
293 | 19 | ||||||
Erste Group Bank |
5,666 | 287 | ||||||
EVN |
2,278 | 44 | ||||||
FACC* |
847 | 24 | ||||||
Immobilien Anlagen |
4,026 | 135 | ||||||
IMMOFINANZ |
42,036 | 109 | ||||||
Kapsch TrafficCom |
173 | 8 | ||||||
Lenzing |
677 | 84 |
37
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Oesterreichische Post |
7,890 | $ | 393 | |||||
OMV |
2,726 | 160 | ||||||
POLYTEC Holding |
742 | 14 | ||||||
Porr Ag |
491 | 17 | ||||||
Raiffeisen Bank International |
2,662 | 104 | ||||||
Rhi Magnesita |
1,300 | 80 | ||||||
S IMMO |
2,508 | 50 | ||||||
Schoeller-Bleckmann Oilfield Equipment |
570 | 63 | ||||||
Semperit Holding* |
396 | 8 | ||||||
Telekom Austria, Cl A* |
8,717 | 83 | ||||||
UNIQA Insurance Group |
6,958 | 81 | ||||||
Vienna Insurance Group Wiener Versicherung Gruppe |
2,049 | 69 | ||||||
Voestalpine |
2,217 | 117 | ||||||
Wienerberger |
26,817 | 680 | ||||||
Zumtobel Group |
1,488 | 14 | ||||||
|
|
|||||||
2,992 | ||||||||
|
|
|||||||
Belgium – 0.6% |
||||||||
Ablynx* |
3,484 | 191 | ||||||
Ackermans & van Haaren |
1,189 | 208 | ||||||
Aedifica ‡ |
836 | 77 | ||||||
Ageas |
3,429 | 177 | ||||||
AGFA-Gevaert* |
8,255 | 32 | ||||||
Anheuser-Busch InBev |
25,369 | 2,787 | ||||||
Barco |
490 | 60 | ||||||
Befimmo ‡ |
1,222 | 79 | ||||||
Bekaert |
1,854 | 79 | ||||||
Biocartis* (A) |
861 | 13 | ||||||
bpost |
5,086 | 115 | ||||||
Cie d’Entreprises CFE* |
388 | 53 | ||||||
Cofinimmo ‡ |
1,140 | 147 | ||||||
Colruyt |
1,088 | 60 | ||||||
D’ieteren |
1,278 | 52 | ||||||
Econocom Group* |
6,368 | 47 | ||||||
Elia System Operator |
1,744 | 109 | ||||||
Euronav |
6,350 | 52 | ||||||
EVS Broadcast Equipment |
832 | 27 | ||||||
Exmar* |
1,664 | 11 | ||||||
Fagron |
2,058 | 32 | ||||||
Gimv |
1,200 | 73 | ||||||
Greenyard |
625 | 14 | ||||||
Groupe Bruxelles Lambert |
1,564 | 179 | ||||||
Intervest Offices & Warehouses ‡ |
370 | 11 | ||||||
Ion Beam Applications |
910 | 19 | ||||||
KBC Ancora |
1,710 | 106 | ||||||
KBC Group |
38,761 | 3,390 | ||||||
Kinepolis Group |
847 | 56 | ||||||
Melexis |
1,058 | 106 | ||||||
Nyrstar* |
3,628 | 26 | ||||||
Ontex Group |
4,363 | 117 | ||||||
Orange Belgium |
1,549 | 32 | ||||||
Proximus |
3,046 | 95 | ||||||
Recticel |
1,083 | 14 | ||||||
Sioen Industries* |
310 | 11 | ||||||
Sofina |
786 | 133 | ||||||
Solvay |
1,346 | 187 | ||||||
Telenet Group Holding* |
923 | 62 | ||||||
Tessenderlo Group* |
1,528 | 64 | ||||||
UCB |
2,296 | 188 | ||||||
Umicore |
4,033 | 213 | ||||||
Van de Velde |
209 | 10 |
Description | Shares | Value (000) | ||||||
Warehouses De Pauw CVA ‡ |
892 | $ | 111 | |||||
|
|
|||||||
9,625 | ||||||||
|
|
|||||||
Brazil – 1.3% |
||||||||
Ambev |
16,400 | 120 | ||||||
Ambev ADR |
458,396 | 3,332 | ||||||
Arezzo Industria e Comercio |
22,100 | 339 | ||||||
B2W Cia Digital* |
54,815 | 423 | ||||||
B3 — Brasil Bolsa Balcao* |
197,800 | 1,604 | ||||||
Banco BTG Pactual* |
51,079 | 356 | ||||||
Banco do Brasil* |
17,800 | 223 | ||||||
Embraer |
40,197 | 262 | ||||||
Estacio Participacoes |
49,600 | 526 | ||||||
Grendene |
122,100 | 1,011 | ||||||
IRB Brasil Resseguros S |
37,900 | 482 | ||||||
Lojas Renner |
102,300 | 1,058 | ||||||
LPS Brasil Consultoria de Imoveis* |
120,635 | 181 | ||||||
Magazine Luiza |
9,100 | 272 | ||||||
MRV Engenharia e Participacoes |
187,200 | 924 | ||||||
Natura Cosmeticos |
113,827 | 1,105 | ||||||
Porto Seguro* |
97,214 | 1,427 | ||||||
QGEP Participacoes |
25,000 | 86 | ||||||
Qualicorp |
28,200 | 191 | ||||||
Raia Drogasil* |
63,600 | 1,440 | ||||||
TOTVS |
81,400 | 705 | ||||||
Vale* |
36,300 | 466 | ||||||
Vale, Cl B ADR* |
142,522 | 1,813 | ||||||
Via Varejo* |
105,000 | 968 | ||||||
Vulcabras Azaleia* |
13,000 | 39 | ||||||
|
|
|||||||
19,353 | ||||||||
|
|
|||||||
Canada – 4.3% |
||||||||
Advantage Oil & Gas* |
9,800 | 29 | ||||||
Aecon Group |
3,200 | 46 | ||||||
Ag Growth International |
900 | 38 | ||||||
AGF Management, Cl B |
3,300 | 17 | ||||||
Agnico Eagle Mines |
4,300 | 181 | ||||||
AGT Food & Ingredients |
1,100 | 14 | ||||||
Aimia* |
8,100 | 11 | ||||||
Alacer Gold* |
16,300 | 26 | ||||||
Alamos Gold, Cl A |
26,370 | 137 | ||||||
Alaris Royalty |
2,000 | 25 | ||||||
Algonquin Power & Utilities |
21,700 | 214 | ||||||
Alimentation Couche-Tard, Cl B |
27,158 | 1,216 | ||||||
Allied Properties ‡ |
2,300 | 72 | ||||||
AltaGas |
3,000 | 56 | ||||||
Altius Minerals |
2,300 | 25 | ||||||
Altus Group |
1,800 | 46 | ||||||
Aphria* |
7,500 | 67 | ||||||
ARC Resources |
6,200 | 68 | ||||||
Aritzia* |
3,200 | 30 | ||||||
Arizona Mining* |
8,600 | 27 | ||||||
Artis ‡ |
3,700 | 39 | ||||||
Atco, Cl I |
1,300 | 42 | ||||||
Athabasca Oil* |
23,900 | 22 | ||||||
Atlantic Power* |
6,900 | 15 | ||||||
ATS Automation Tooling Systems* |
3,900 | 54 | ||||||
Aurinia Pharmaceuticals* |
2,800 | 15 | ||||||
Aurora Cannabis* |
17,800 | 128 | ||||||
AutoCanada |
1,400 | 24 | ||||||
Avigilon* |
2,100 | 44 | ||||||
B2Gold* |
48,800 | 134 | ||||||
Badger Daylighting |
1,900 | 38 |
38
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Ballard Power Systems* |
10,900 | $ | 39 | |||||
Bank of Montreal |
12,200 | 922 | ||||||
Bank of Nova Scotia |
54,600 | 3,363 | ||||||
Barrick Gold |
71,457 | 890 | ||||||
Baytex Energy* |
13,200 | 36 | ||||||
BCE |
16,810 | 723 | ||||||
Birchcliff Energy |
11,900 | 34 | ||||||
Bird Construction |
2,100 | 14 | ||||||
BlackBerry* |
9,900 | 114 | ||||||
Boardwalk ‡ |
1,100 | 38 | ||||||
Bombardier* |
40,800 | 119 | ||||||
Bonavista Energy |
13,700 | 13 | ||||||
Bonterra Energy |
1,100 | 11 | ||||||
Boralex |
3,000 | 52 | ||||||
Brookfield Asset Management, Cl A |
65,441 | 2,550 | ||||||
BRP |
2,100 | 81 | ||||||
CAE |
185,800 | 3,457 | ||||||
Cameco |
6,900 | 63 | ||||||
Canaccord Genuity Group |
6,500 | 35 | ||||||
Canacol Energy* |
7,100 | 23 | ||||||
Canada Goose Holdings* |
2,300 | 77 | ||||||
Canadian Apartment Properties ‡ |
3,300 | 95 | ||||||
Canadian Imperial Bank of Commerce |
8,200 | 724 | ||||||
Canadian National Railway |
14,100 | 1,031 | ||||||
Canadian Natural Resources |
73,875 | 2,322 | ||||||
Canadian Pacific Railway |
7,782 | 1,372 | ||||||
Canadian Real Estate Investment Trust ‡ |
1,800 | 70 | ||||||
Canadian Tire, Cl A |
1,200 | 158 | ||||||
Canadian Utilities, Cl A |
2,200 | 58 | ||||||
Canadian Western Bank |
4,500 | 115 | ||||||
Canfor* |
3,600 | 82 | ||||||
Canfor Pulp Products |
1,700 | 22 | ||||||
Canopy Growth* |
8,300 | 217 | ||||||
Capital Power |
5,300 | 100 | ||||||
Cara Operations |
1,400 | 32 | ||||||
Cardinal Energy |
5,400 | 18 | ||||||
Cascades |
3,500 | 36 | ||||||
CCL Industries, Cl B |
2,600 | 131 | ||||||
Celestica* |
6,000 | 62 | ||||||
Cenovus Energy |
19,300 | 164 | ||||||
Centerra Gold* |
11,300 | 65 | ||||||
CES Energy Solutions |
13,500 | 62 | ||||||
CGI Group, Cl A* |
5,100 | 294 | ||||||
China Gold International Resources* |
14,300 | 30 | ||||||
Choice Properties ‡ |
2,300 | 21 | ||||||
Chorus Aviation |
1,500 | 10 | ||||||
CI Financial |
5,200 | 111 | ||||||
Cineplex |
3,200 | 78 | ||||||
Clearwater Seafoods |
2,200 | 8 | ||||||
Cogeco |
300 | 16 | ||||||
Cogeco Communications |
800 | 44 | ||||||
Colliers International Group |
1,700 | 118 | ||||||
Cominar ‡ |
4,500 | 45 | ||||||
Computer Modelling Group |
4,600 | 33 | ||||||
Constellation Software |
1,870 | 1,270 | ||||||
Corby Spirit and Wine, Cl A |
600 | 9 | ||||||
Corus Entertainment |
6,000 | 28 | ||||||
Cott |
7,100 | 104 | ||||||
Crescent Point Energy |
9,500 | 65 |
Description | Shares | Value (000) | ||||||
Crew Energy* |
6,200 | $ | 9 | |||||
Crombie ‡ |
2,200 | 21 | ||||||
CT ‡ |
1,600 | 17 | ||||||
Descartes Systems Group* |
4,000 | 114 | ||||||
Detour Gold* |
8,900 | 90 | ||||||
DIRTT Environmental Solutions* |
5,300 | 20 | ||||||
Dollarama |
2,000 | 243 | ||||||
Dorel Industries, Cl B |
1,400 | 32 | ||||||
Dream Global ‡ |
9,000 | 96 | ||||||
Dream Industrial ‡ |
1,300 | 10 | ||||||
Dream Office ‡ |
1,820 | 33 | ||||||
DREAM Unlimited, Cl A* |
3,900 | 28 | ||||||
ECN Capital |
20,000 | 53 | ||||||
Eldorado Gold* |
40,900 | 34 | ||||||
Element Financial |
7,200 | 23 | ||||||
Emera |
1,100 | 35 | ||||||
Empire |
3,000 | 60 | ||||||
Enbridge |
31,100 | 978 | ||||||
Enbridge Income Fund Holdings |
6,600 | 143 | ||||||
Encana |
17,700 | 195 | ||||||
Endeavour Mining* |
3,600 | 66 | ||||||
Endeavour Silver* |
7,200 | 17 | ||||||
Enercare |
5,300 | 73 | ||||||
Enerflex |
4,400 | 52 | ||||||
Enerplus |
12,500 | 141 | ||||||
Enghouse Systems |
1,000 | 53 | ||||||
Ensign Energy Services |
7,500 | 35 | ||||||
Entertainment One |
19,514 | 77 | ||||||
Equitable Group |
700 | 29 | ||||||
Evertz Technologies |
1,000 | 13 | ||||||
Exchange Income |
400 | 10 | ||||||
Exco Technologies |
1,300 | 9 | ||||||
Extendicare |
4,500 | 30 | ||||||
Fairfax Financial Holdings |
5,670 | 2,875 | ||||||
Fiera Capital, Cl A |
2,700 | 23 | ||||||
Finning International |
3,000 | 72 | ||||||
First Capital Realty |
2,800 | 44 | ||||||
First Majestic Silver* |
8,500 | 52 | ||||||
First National Financial |
900 | 18 | ||||||
First Quantum Minerals |
12,500 | 176 | ||||||
FirstService |
1,700 | 125 | ||||||
Fortis |
7,900 | 266 | ||||||
Fortuna Silver Mines* |
8,500 | 44 | ||||||
Franco-Nevada |
10,453 | 713 | ||||||
Freehold Royalties |
5,100 | 49 | ||||||
Genworth MI Canada |
2,100 | 67 | ||||||
George Weston |
900 | 72 | ||||||
Gibson Energy |
6,900 | 89 | ||||||
Gildan Activewear |
14,924 | 431 | ||||||
Gluskin Sheff + Associates |
1,700 | 19 | ||||||
Goldcorp |
15,700 | 217 | ||||||
Granite ‡ |
1,100 | 43 | ||||||
Great Canadian Gaming* |
2,600 | 66 | ||||||
Great-West Lifeco |
5,500 | 140 | ||||||
Guyana Goldfields* |
9,000 | 35 | ||||||
H&R ‡ |
2,700 | 44 | ||||||
High Liner Foods |
1,200 | 10 | ||||||
Home Capital Group, Cl B* |
3,300 | 35 | ||||||
Hudbay Minerals |
13,900 | 98 | ||||||
Hudson’s Bay |
4,000 | 28 | ||||||
Husky Energy |
6,100 | 87 | ||||||
Hydro One (A) |
5,100 | 83 | ||||||
IAMGOLD* |
23,100 | 120 |
39
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
IGM Financial |
1,600 | $ | 47 | |||||
Imperial Oil |
5,600 | 148 | ||||||
Industrial Alliance Insurance & Financial Services |
2,100 | 86 | ||||||
Innergex Renewable Energy |
5,100 | 52 | ||||||
Intact Financial |
2,700 | 203 | ||||||
Inter Pipeline |
6,600 | 115 | ||||||
Interfor* |
3,600 | 66 | ||||||
InterRent ‡ |
1,600 | 13 | ||||||
Intertape Polymer Group |
2,900 | 47 | ||||||
Ivanhoe Mines, Cl A* |
31,300 | 66 | ||||||
Jamieson Wellness |
1,800 | 33 | ||||||
Jean Coutu Group PJC, Cl A |
1,600 | 31 | ||||||
Just Energy Group |
4,900 | 22 | ||||||
Kelt Exploration* |
8,300 | 44 | ||||||
Keyera |
3,500 | 91 | ||||||
Killam Apartment ‡ |
3,500 | 38 | ||||||
Kinaxis* |
1,100 | 71 | ||||||
Kinder Morgan Canada (A) |
6,000 | 86 | ||||||
Kinross Gold* |
21,600 | 85 | ||||||
Kirkland Lake Gold |
9,000 | 140 | ||||||
Klondex Mines* |
9,500 | 22 | ||||||
Knight Therapeutics* |
5,800 | 35 | ||||||
Labrador Iron Ore Royalty |
3,400 | 56 | ||||||
Laurentian Bank of Canada |
2,000 | 74 | ||||||
Linamar |
800 | 44 | ||||||
Lithium Americas* |
3,800 | 21 | ||||||
Loblaw |
26,536 | 1,342 | ||||||
Lucara Diamond |
15,500 | 24 | ||||||
Lundin Gold* |
4,300 | 17 | ||||||
Lundin Mining |
11,900 | 78 | ||||||
MAG Silver* |
3,800 | 37 | ||||||
Magellan Aerospace |
700 | 11 | ||||||
Magna International |
16,607 | 936 | ||||||
Major Drilling Group International* |
4,800 | 25 | ||||||
Manulife Financial |
38,100 | 707 | ||||||
Maple Leaf Foods |
4,400 | 107 | ||||||
Martinrea International |
4,900 | 58 | ||||||
Maxar Technologies |
2,900 | 134 | ||||||
Medical Facilities |
1,300 | 14 | ||||||
MedReleaf* |
2,300 | 31 | ||||||
MEG Energy* |
12,500 | 44 | ||||||
Methanex |
1,500 | 91 | ||||||
Metro, Cl A |
4,500 | 144 | ||||||
Morguard ‡ |
1,400 | 15 | ||||||
Morneau Shepell |
2,700 | 54 | ||||||
MTY Food Group |
900 | 35 | ||||||
Mullen Group |
5,500 | 63 | ||||||
National Bank of Canada |
6,400 | 301 | ||||||
Nemaska Lithium* |
16,400 | 17 | ||||||
Nevsun Resources* |
16,900 | 40 | ||||||
New Flyer Industries |
2,600 | 117 | ||||||
New Gold* |
29,400 | 76 | ||||||
NexGen Energy* |
15,700 | 27 | ||||||
Norbord |
2,100 | 76 | ||||||
North West |
2,500 | 52 | ||||||
Northern Dynasty Minerals* |
16,900 | 16 | ||||||
Northland Power |
6,100 | 109 | ||||||
Northview Apartment ‡ |
1,200 | 24 | ||||||
NorthWest Healthcare |
2,200 | 19 | ||||||
Novagold Resources* |
12,800 | 55 | ||||||
Nutrien |
12,209 | 577 | ||||||
NuVista Energy* |
9,600 | 53 |
Description | Shares | Value (000) | ||||||
Obsidian Energy* |
26,600 | $ | 27 | |||||
OceanaGold |
31,100 | 84 | ||||||
Onex |
1,600 | 116 | ||||||
Open Text |
5,100 | 177 | ||||||
Osisko Gold Royalties |
5,900 | 57 | ||||||
Osisko Mining* |
8,300 | 16 | ||||||
Painted Pony Energy* |
7,400 | 12 | ||||||
Pan American Silver |
7,600 | 123 | ||||||
Paramount Resources, Cl A* |
3,793 | 44 | ||||||
Parex Resources* |
7,900 | 111 | ||||||
Parkland Fuel |
6,600 | 149 | ||||||
Pason Systems |
4,000 | 54 | ||||||
Pembina Pipeline |
9,372 | 292 | ||||||
Pengrowth Energy* |
25,600 | 16 | ||||||
Peyto Exploration & Development |
9,100 | 76 | ||||||
Power Corp of Canada |
6,500 | 148 | ||||||
Power Financial |
4,800 | 120 | ||||||
PrairieSky Royalty |
23,493 | 514 | ||||||
Precision Drilling* |
16,600 | 46 | ||||||
Premier Gold Mines* |
10,700 | 23 | ||||||
Premium Brands Holdings |
1,300 | 120 | ||||||
Pretium Resources* |
7,800 | 52 | ||||||
ProMetic Life Sciences* |
31,100 | 21 | ||||||
Pure Industrial ‡ |
6,600 | 41 | ||||||
Quebecor, Cl B |
8,400 | 160 | ||||||
Raging River Exploration* |
12,000 | 58 | ||||||
Restaurant Brands International |
4,200 | 239 | ||||||
RioCan ‡ |
2,900 | 53 | ||||||
Ritchie Bros Auctioneers |
33,631 | 1,058 | ||||||
Rogers Communications, Cl B |
19,341 | 864 | ||||||
Rogers Sugar |
4,600 | 22 | ||||||
Royal Bank of Canada |
36,218 | 2,798 | ||||||
Russel Metals |
3,400 | 74 | ||||||
Sandstorm Gold* |
8,400 | 40 | ||||||
Saputo |
4,000 | 128 | ||||||
Savaria |
1,200 | 16 | ||||||
Seabridge Gold* |
2,300 | 25 | ||||||
Secure Energy Services |
9,000 | 51 | ||||||
SEMAFO* |
17,600 | 51 | ||||||
Seven Generations Energy* |
4,400 | 55 | ||||||
Shaw Communications, Cl B |
7,900 | 152 | ||||||
ShawCor |
3,500 | 66 | ||||||
Shopify* |
1,600 | 199 | ||||||
Sienna Senior Living |
3,200 | 44 | ||||||
Sierra Wireless* |
1,700 | 28 | ||||||
Silvercorp Metals |
9,100 | 25 | ||||||
Sleep Country Canada |
1,900 | 50 | ||||||
SmartCentres ‡ |
1,300 | 29 | ||||||
SNC-Lavalin Group |
3,400 | 149 | ||||||
Spartan Energy* |
9,666 | 43 | ||||||
Spin Master* (A) |
1,385 | 57 | ||||||
Sprott |
9,400 | 23 | ||||||
SSR Mining* |
6,200 | 60 | ||||||
Stantec |
5,800 | 143 | ||||||
Stars Group* |
6,200 | 171 | ||||||
Stella-Jones |
2,300 | 81 | ||||||
Stornoway Diamond* |
30,200 | 13 | ||||||
Student Transportation |
4,800 | 36 | ||||||
Sun Life Financial |
11,400 | 468 | ||||||
Suncor Energy |
158,018 | 5,458 | ||||||
Superior Plus |
7,200 | 69 | ||||||
Surge Energy |
15,600 | 24 | ||||||
Tahoe Resources* |
15,700 | 74 |
40
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Tamarack Valley Energy* |
4,700 | $ | 10 | |||||
Taseko Mines* |
11,000 | 13 | ||||||
Teck Resources, Cl B |
11,400 | 294 | ||||||
TELUS |
3,700 | 130 | ||||||
TFI International |
4,600 | 118 | ||||||
Thomson Reuters |
5,200 | 201 | ||||||
Timbercreek Financial |
3,700 | 26 | ||||||
TMAC Resources* |
1,800 | 11 | ||||||
TMX Group |
2,000 | 116 | ||||||
TORC Oil & Gas |
7,100 | 36 | ||||||
Torex Gold Resources* |
4,100 | 25 | ||||||
Toromont Industries |
4,000 | 174 | ||||||
Toronto-Dominion Bank |
60,550 | 3,436 | ||||||
Total Energy Services |
2,300 | 25 | ||||||
Tourmaline Oil |
4,000 | 68 | ||||||
TransAlta |
15,100 | 82 | ||||||
TransAlta Renewables |
5,100 | 47 | ||||||
TransCanada |
27,900 | 1,154 | ||||||
Transcontinental, Cl A |
3,200 | 63 | ||||||
Trevali Mining* |
44,900 | 45 | ||||||
Trican Well Service* |
15,050 | 35 | ||||||
Tricon Capital Group |
6,100 | 47 | ||||||
Trinidad Drilling* |
16,400 | 23 | ||||||
Turquoise Hill Resources* |
18,100 | 55 | ||||||
Uni-Select |
1,900 | 29 | ||||||
Uranium Participation* |
7,200 | 22 | ||||||
Valeant Pharmaceuticals International* |
5,900 | 94 | ||||||
Valener |
1,900 | 30 | ||||||
Vermilion Energy |
2,000 | 64 | ||||||
Wajax |
1,000 | 19 | ||||||
West Fraser Timber |
1,200 | 80 | ||||||
Western Forest Products |
20,000 | 40 | ||||||
WestJet Airlines |
1,500 | 27 | ||||||
Westshore Terminals Investment |
2,800 | 48 | ||||||
Wheaton Precious Metals |
8,100 | 165 | ||||||
Whitecap Resources |
21,400 | 131 | ||||||
Winpak |
1,600 | 60 | ||||||
WPT Industrial ‡ |
1,700 | 22 | ||||||
WSP Global |
4,400 | 203 | ||||||
Yamana Gold |
52,600 | 145 | ||||||
|
|
|||||||
64,022 | ||||||||
|
|
|||||||
Chile – 0.3% |
||||||||
CAP |
11,219 | 127 | ||||||
Cia Cervecerias Unidas |
60,116 | 884 | ||||||
Cia Cervecerias Unidas ADR |
9,921 | 292 | ||||||
Cia Sud Americana de Vapores* |
3,944,588 | 171 | ||||||
Empresas CMPC |
78,470 | 299 | ||||||
Enaex |
19,531 | 320 | ||||||
Quinenco |
301,074 | 1,012 | ||||||
Sociedad Quimica y Minera de Chile ADR |
20,011 | 984 | ||||||
|
|
|||||||
4,089 | ||||||||
|
|
|||||||
China – 2.0% |
||||||||
58.com ADR* |
16,079 | 1,284 | ||||||
Alibaba Group Holding ADR* |
37,205 | 6,829 | ||||||
Autohome ADR* |
19,444 | 1,671 | ||||||
Baidu ADR* |
13,454 | 3,003 | ||||||
CECEP COSTIN New Materials Group* |
1,134,000 | 1 | ||||||
China Lodging Group ADR |
7,949 | 1,047 |
Description | Shares | Value (000) | ||||||
China Merchants Bank, Cl H |
498,500 | $ | 2,069 | |||||
China Resources Beer Holdings |
133,073 | 582 | ||||||
Ctrip.com International ADR* |
25,687 | 1,198 | ||||||
Momo ADR* |
3,242 | 121 | ||||||
NetEase ADR |
5,995 | 1,681 | ||||||
PetroChina, Cl H |
22,000 | 15 | ||||||
TAL Education Group ADR* |
36,547 | 1,356 | ||||||
Tsingtao Brewery, Cl H |
98,000 | 516 | ||||||
Weibo ADR* |
14,283 | 1,707 | ||||||
Yum China Holdings |
149,683 | 6,212 | ||||||
|
|
|||||||
29,292 | ||||||||
|
|
|||||||
Colombia – 0.1% |
||||||||
Almacenes Exito |
41,819 | 247 | ||||||
Bancolombia ADR |
15,279 | 642 | ||||||
Ecopetrol ADR |
17,483 | 338 | ||||||
|
|
|||||||
1,227 | ||||||||
|
|
|||||||
Czech Republic – 0.0% |
||||||||
Komercni Banka |
10,933 | 499 | ||||||
|
|
|||||||
Denmark – 1.5% |
||||||||
ALK-Abello* |
331 | 42 | ||||||
Alm Brand |
3,559 | 36 | ||||||
Ambu, Cl B |
7,445 | 170 | ||||||
AP Moeller - Maersk, Cl A |
75 | 111 | ||||||
AP Moeller - Maersk, Cl B |
118 | 184 | ||||||
Bang & Olufsen* |
1,871 | 48 | ||||||
Bavarian Nordic* |
1,647 | 51 | ||||||
Carlsberg, Cl B |
23,681 | 2,819 | ||||||
Chr Hansen Holding |
1,922 | 166 | ||||||
Coloplast, Cl B |
22,712 | 1,917 | ||||||
D/S Nordern* |
1,342 | 24 | ||||||
Danske Bank |
18,557 | 691 | ||||||
Dfds |
1,648 | 93 | ||||||
DSV |
5,009 | 393 | ||||||
FLSmidth |
2,002 | 129 | ||||||
Genmab* |
1,063 | 228 | ||||||
GN Store Nord |
42,304 | 1,493 | ||||||
H Lundbeck |
1,412 | 79 | ||||||
IC Group |
439 | 10 | ||||||
ISS |
3,248 | 120 | ||||||
Jyske Bank |
3,278 | 195 | ||||||
Matas |
2,098 | 23 | ||||||
Nilfisk Holding* |
1,394 | 65 | ||||||
NKT* |
1,394 | 46 | ||||||
NNIT (A) |
484 | 14 | ||||||
Novo Nordisk, Cl B |
151,845 | 7,481 | ||||||
Novozymes, Cl B |
4,351 | 224 | ||||||
Orsted (A) |
3,425 | 224 | ||||||
Pandora |
1,937 | 209 | ||||||
Per Aarsleff Holding |
1,234 | 46 | ||||||
Rockwool International, Cl B |
421 | 126 | ||||||
Royal Unibrew |
2,448 | 163 | ||||||
Scandinavian Tobacco Group (A) |
3,243 | 57 | ||||||
Schouw |
612 | 61 | ||||||
SimCorp |
1,909 | 133 | ||||||
Solar, Cl B |
341 | 23 | ||||||
Spar Nord Bank |
4,602 | 55 | ||||||
Sydbank |
3,605 | 133 | ||||||
TDC* |
15,167 | 126 | ||||||
Topdanmark |
2,881 | 136 | ||||||
TORM, Cl A |
974 | 7 |
41
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Tryg |
2,135 | $ | 50 | |||||
Vestas Wind Systems |
26,200 | 1,859 | ||||||
William Demant Holding* |
36,363 | 1,350 | ||||||
Zealand Pharma* |
1,211 | 19 | ||||||
|
|
|||||||
21,629 | ||||||||
|
|
|||||||
Egypt – 0.0% |
||||||||
Telecom Egypt |
129,194 | 91 | ||||||
|
|
|||||||
Finland – 0.8% |
||||||||
Amer Sports |
14,859 | 459 | ||||||
Cargotec, Cl B |
1,974 | 105 | ||||||
Caverion* |
4,850 | 37 | ||||||
Citycon |
18,366 | 41 | ||||||
Cramo |
2,180 | 45 | ||||||
DNA |
3,122 | 68 | ||||||
Elisa |
2,761 | 125 | ||||||
Finnair |
2,745 | 38 | ||||||
Fortum |
8,461 | 182 | ||||||
F-Secure |
4,129 | 19 | ||||||
Huhtamaki |
4,606 | 203 | ||||||
Kemira |
5,541 | 71 | ||||||
Kesko, Cl B |
3,353 | 192 | ||||||
Kone, Cl B |
7,819 | 390 | ||||||
Konecranes, Cl A |
3,333 | 145 | ||||||
Lehto Group |
1,581 | 23 | ||||||
Metsa Board |
9,809 | 99 | ||||||
Metso |
1,965 | 62 | ||||||
Neste |
2,336 | 163 | ||||||
Nokia |
80,518 | 446 | ||||||
Nokian Renkaat |
61,762 | 2,815 | ||||||
Oriola, Cl B |
5,893 | 18 | ||||||
Orion, Cl B |
1,760 | 54 | ||||||
Outokumpu |
16,041 | 110 | ||||||
Outotec* |
7,346 | 66 | ||||||
Ponsse |
362 | 13 | ||||||
Ramirent |
4,456 | 37 | ||||||
Sampo, Cl A |
42,818 | 2,392 | ||||||
Sanoma |
4,368 | 51 | ||||||
Stockmann Abp, Cl B* |
1,290 | 6 | ||||||
Stora Enso, Cl R |
10,024 | 185 | ||||||
Technopolis |
8,502 | 39 | ||||||
Tieto |
2,939 | 98 | ||||||
Tikkurila |
93,507 | 1,799 | ||||||
Tokmanni Group |
1,866 | 15 | ||||||
UPM-Kymmene |
9,904 | 368 | ||||||
Uponor |
3,160 | 53 | ||||||
Valmet |
6,577 | 132 | ||||||
Wartsila, Cl B |
27,591 | 610 | ||||||
YIT |
8,085 | 68 | ||||||
|
|
|||||||
11,842 | ||||||||
|
|
|||||||
France – 6.5% |
||||||||
ABC arbitrage |
983 | 8 | ||||||
Accor |
3,407 | 184 | ||||||
Aeroports de Paris |
554 | 121 | ||||||
Air France-KLM* |
9,849 | 110 | ||||||
Air Liquide |
103,036 | 12,647 | ||||||
Airbus Group |
21,257 | 2,461 | ||||||
Albioma |
1,587 | 38 | ||||||
ALD (A) |
5,636 | 92 | ||||||
Alstom |
2,762 | 125 | ||||||
Altamir |
1,526 | 25 |
Description | Shares | Value (000) | ||||||
Alten |
1,514 | $ | 146 | |||||
Altran Technologies |
9,145 | 136 | ||||||
Amundi (A) |
1,096 | 88 | ||||||
Arkema |
1,302 | 170 | ||||||
Assystem |
389 | 13 | ||||||
Atos |
1,816 | 249 | ||||||
Aubay |
302 | 16 | ||||||
AXA |
58,754 | 1,566 | ||||||
Axway Software |
357 | 8 | ||||||
Beneteau |
2,029 | 44 | ||||||
BioMerieux |
768 | 63 | ||||||
BNP Paribas |
36,464 | 2,707 | ||||||
Boiron |
395 | 33 | ||||||
Bollore |
17,259 | 92 | ||||||
Bonduelle SCA |
723 | 31 | ||||||
Bourbon* |
1,188 | 7 | ||||||
Bouygues |
4,163 | 209 | ||||||
Bureau Veritas |
4,940 | 128 | ||||||
Capital Gemini |
2,978 | 373 | ||||||
Carrefour |
11,164 | 232 | ||||||
Casino Guichard Perrachon |
975 | 48 | ||||||
Cellectis* |
1,293 | 41 | ||||||
Chargeurs |
768 | 23 | ||||||
Cie de Saint-Gobain |
9,331 | 494 | ||||||
Cie des Alpes |
351 | 13 | ||||||
Cie Generale des Etablissements Michelin |
3,198 | 474 | ||||||
Cie Plastic Omnium |
2,976 | 143 | ||||||
CNP Assurances |
2,995 | 76 | ||||||
Coface* |
5,144 | 59 | ||||||
Credit Agricole |
21,130 | 344 | ||||||
Danone |
59,363 | 4,807 | ||||||
Dassault Aviation |
50 | 96 | ||||||
Dassault Systemes |
17,785 | 2,422 | ||||||
DBV Technologies* |
844 | 40 | ||||||
Derichebourg |
4,510 | 40 | ||||||
Devoteam |
206 | 22 | ||||||
Direct Energie |
409 | 15 | ||||||
Edenred |
22,322 | 778 | ||||||
Eiffage |
1,408 | 161 | ||||||
Electricite de France |
11,080 | 162 | ||||||
Elior Group (A) |
5,631 | 123 | ||||||
Elis |
20,003 | 496 | ||||||
Engie |
218,719 | 3,657 | ||||||
Eramet |
517 | 71 | ||||||
Essilor International Cie Generale d’Optique |
18,166 | 2,455 | ||||||
Esso Francaise |
145 | 8 | ||||||
Eurazeo |
778 | 72 | ||||||
Eurofins Scientific |
1,975 | 1,046 | ||||||
Europcar Groupe (A) |
4,513 | 50 | ||||||
Eutelsat Communications |
2,944 | 59 | ||||||
Faurecia |
1,344 | 109 | ||||||
FFP |
331 | 41 | ||||||
Fnac Darty* |
850 | 91 | ||||||
Fonciere Des Regions ‡ |
581 | 64 | ||||||
Gaztransport Et Technigaz |
1,156 | 72 | ||||||
Gecina ‡ |
936 | 162 | ||||||
Genfit* |
1,295 | 38 | ||||||
Getlink |
49,932 | 713 | ||||||
GL Events |
335 | 10 | ||||||
Groupe Crit |
109 | 12 | ||||||
Groupe Guillin |
138 | 6 | ||||||
Guerbet |
297 | 24 | ||||||
Haulotte Group |
555 | 11 |
42
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Hermes International |
1,654 | $ | 981 | |||||
ICADE ‡ |
562 | 55 | ||||||
ID Logistics Group* |
115 | 21 | ||||||
Iliad |
516 | 107 | ||||||
Imerys |
1,714 | 167 | ||||||
Ingenico Group |
1,062 | 86 | ||||||
Innate Pharma* |
2,180 | 16 | ||||||
Interparfums |
493 | 23 | ||||||
Ipsen |
733 | 114 | ||||||
IPSOS |
1,884 | 74 | ||||||
Jacquet Metal Service |
510 | 18 | ||||||
JCDecaux |
8,137 | 283 | ||||||
Kaufman & Broad |
709 | 37 | ||||||
Kering |
1,430 | 685 | ||||||
Klepierre ‡ |
4,052 | 164 | ||||||
Korian |
2,360 | 80 | ||||||
LafargeHolcim |
1,512 | 83 | ||||||
Lagardere |
1,990 | 57 | ||||||
Legrand |
45,486 | 3,569 | ||||||
LISI |
1,055 | 43 | ||||||
LNA Sante |
236 | 16 | ||||||
L’Oreal |
16,389 | 3,705 | ||||||
LVMH Moet Hennessy Louis Vuitton |
20,999 | 6,484 | ||||||
Maisons du Monde (A) |
2,182 | 80 | ||||||
Manitou BF |
418 | 18 | ||||||
Marie Brizard Wine & Spirits* |
691 | 8 | ||||||
Mercialys ‡ |
3,076 | 59 | ||||||
Mersen |
603 | 27 | ||||||
Metropole Television |
1,525 | 39 | ||||||
MGI Coutier |
382 | 14 | ||||||
Natixis |
17,447 | 144 | ||||||
Naturex* |
348 | 57 | ||||||
Neopost |
9,252 | 244 | ||||||
Nexans |
1,511 | 78 | ||||||
Nexity |
2,241 | 144 | ||||||
Nokia |
26,897 | 149 | ||||||
Oeneo |
1,058 | 13 | ||||||
Orange |
37,689 | 641 | ||||||
Orpea |
2,315 | 295 | ||||||
Parrot* |
790 | 5 | ||||||
Pernod Ricard |
43,190 | 7,194 | ||||||
Peugeot |
11,262 | 272 | ||||||
Pierre & Vacances* |
189 | 8 | ||||||
Plastivaloire |
396 | 9 | ||||||
Publicis Groupe |
3,911 | 273 | ||||||
Rallye |
1,467 | 22 | ||||||
Remy Cointreau |
399 | 57 | ||||||
Renault |
3,557 | 433 | ||||||
Rexel |
5,929 | 101 | ||||||
Rubis SCA |
4,228 | 306 | ||||||
Safran |
6,301 | 669 | ||||||
Sanofi |
21,349 | 1,717 | ||||||
Sartorius Stedim Biotech |
1,373 | 124 | ||||||
Schneider Electric |
86,097 | 7,593 | ||||||
Science* |
1,023 | 10 | ||||||
SCOR |
3,215 | 132 | ||||||
SEB |
393 | 75 | ||||||
SES, Cl A |
7,229 | 98 | ||||||
Societe BIC |
517 | 51 | ||||||
Societe Generale |
14,469 | 788 | ||||||
Sodexo |
1,640 | 165 | ||||||
SOITEC* |
815 | 60 | ||||||
Solocal Group* |
26,668 | 38 |
Description | Shares | Value (000) | ||||||
Solutions 30* |
1,555 | $ | 59 | |||||
Sopra Steria Group |
758 | 155 | ||||||
SPIE |
5,668 | 126 | ||||||
SRP Groupe* (A) |
660 | 6 | ||||||
Stallergenes Greer* |
21 | 1 | ||||||
Ste Industrielle d’Aviation Latecoere* |
2,789 | 17 | ||||||
STMicroelectronics |
11,999 | 266 | ||||||
Suez |
7,315 | 106 | ||||||
Synergie |
300 | 19 | ||||||
Tarkett |
1,629 | 55 | ||||||
Technicolor* |
18,675 | 32 | ||||||
TechnipFMC |
3,593 | 105 | ||||||
Teleperformance |
3,362 | 523 | ||||||
Television Francaise 1 |
2,239 | 30 | ||||||
Thales |
6,161 | 752 | ||||||
TOTAL |
187,591 | 10,673 | ||||||
Trigano |
395 | 72 | ||||||
Ubisoft Entertainment* |
1,511 | 128 | ||||||
Valeo |
4,457 | 296 | ||||||
Vallourec* |
16,077 | 86 | ||||||
Veolia Environnement |
8,671 | 206 | ||||||
Vicat |
3,338 | 251 | ||||||
Vinci |
9,553 | 942 | ||||||
Virbac* |
227 | 33 | ||||||
Vivendi |
19,330 | 500 | ||||||
Wendel |
546 | 85 | ||||||
Worldline* (A) |
1,932 | 98 | ||||||
X-Fab Silicon Foundries* (A) |
4,225 | 46 | ||||||
|
|
|||||||
96,516 | ||||||||
|
|
|||||||
Germany – 5.6% |
||||||||
Aareal Bank |
2,745 | 131 | ||||||
adidas |
7,250 | 1,755 | ||||||
ADLER Real Estate* |
791 | 13 | ||||||
ADO Properties (A) |
1,731 | 97 | ||||||
ADVA Optical Networking* |
1,691 | 11 | ||||||
AIXTRON* |
5,982 | 116 | ||||||
Allianz |
8,374 | 1,895 | ||||||
alstria office ‡ |
7,154 | 112 | ||||||
Amadeus Fire |
328 | 37 | ||||||
Aumann (A) |
388 | 25 | ||||||
AURELIUS Equity Opportunities & KGaA |
1,268 | 89 | ||||||
Aurubis |
1,724 | 145 | ||||||
Axel Springer |
11,637 | 974 | ||||||
BASF |
45,386 | 4,615 | ||||||
Basler |
72 | 15 | ||||||
Bayer |
82,139 | 9,300 | ||||||
Bayerische Motoren Werke |
72,511 | 7,861 | ||||||
BayWa |
921 | 32 | ||||||
Bechtle |
1,682 | 137 | ||||||
Beiersdorf |
45,017 | 5,093 | ||||||
Bertrandt |
318 | 36 | ||||||
bet-at-home.com |
120 | 10 | ||||||
Bilfinger |
1,727 | 79 | ||||||
Borussia Dortmund GmbH & KGaA |
2,535 | 16 | ||||||
Brenntag |
20,068 | 1,195 | ||||||
CANCOM |
797 | 83 | ||||||
Capital Stage |
4,956 | 39 | ||||||
Carl Zeiss Meditec |
2,048 | 131 | ||||||
CECONOMY |
8,975 | 103 | ||||||
CENTROTEC Sustainable |
165 | 3 |
43
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Cewe Stiftung & KGAA |
313 | $ | 31 | |||||
comdirect bank |
785 | 11 | ||||||
Commerzbank* |
20,048 | 261 | ||||||
CompuGroup Medical |
1,166 | 63 | ||||||
Continental |
2,081 | 576 | ||||||
Covestro (A) |
3,011 | 298 | ||||||
CTS Eventim & KGaA |
12,324 | 579 | ||||||
Daimler |
18,090 | 1,536 | ||||||
Deutsche Bank |
39,104 | 545 | ||||||
Deutsche Beteiligungs |
676 | 33 | ||||||
Deutsche Boerse |
3,604 | 491 | ||||||
Deutsche EuroShop |
2,388 | 88 | ||||||
Deutsche Lufthansa |
4,372 | 140 | ||||||
Deutsche Pfandbriefbank (A) |
5,991 | 95 | ||||||
Deutsche Post |
18,306 | 803 | ||||||
Deutsche Telekom |
107,658 | 1,756 | ||||||
Deutsche Wohnen |
6,767 | 316 | ||||||
Deutz |
5,203 | 48 | ||||||
DIC Asset |
3,070 | 39 | ||||||
Diebold Nixdorf* |
388 | 32 | ||||||
DMG Mori |
884 | 51 | ||||||
Draegerwerk & KGaA |
73 | 5 | ||||||
Drillisch |
965 | 65 | ||||||
Duerr |
1,375 | 151 | ||||||
E.ON |
40,683 | 453 | ||||||
Elmos Semiconductor |
433 | 13 | ||||||
ElringKlinger |
1,480 | 28 | ||||||
Evonik Industries |
3,169 | 112 | ||||||
Evotec* |
6,134 | 121 | ||||||
Ferratum |
502 | 16 | ||||||
Fielmann |
1,242 | 100 | ||||||
Fraport Frankfurt Airport Services Worldwide |
723 | 72 | ||||||
Freenet |
6,278 | 191 | ||||||
Fresenius & KGaA |
7,863 | 602 | ||||||
Fresenius Medical Care & KGaA |
22,805 | 2,329 | ||||||
GEA Group |
6,599 | 280 | ||||||
Gerresheimer |
4,142 | 340 | ||||||
Gerry Weber International |
1,013 | 10 | ||||||
GFT Technologies |
660 | 11 | ||||||
Grammer |
505 | 32 | ||||||
Grand City Properties |
5,339 | 128 | ||||||
GRENKE |
1,335 | 141 | ||||||
H&R GmbH & KGaA |
694 | 10 | ||||||
Hamborner ‡ |
4,822 | 56 | ||||||
Hamburger Hafen und Logistik |
1,309 | 29 | ||||||
Hannover Rueck |
2,705 | 369 | ||||||
Hapag-Lloyd (A) |
2,140 | 84 | ||||||
HeidelbergCement |
3,488 | 344 | ||||||
Heidelberger Druckmaschinen* |
13,201 | 50 | ||||||
Henkel & KGaA |
1,993 | 252 | ||||||
Hochtief |
325 | 61 | ||||||
Hornbach Baumarkt |
435 | 15 | ||||||
HUGO BOSS |
1,144 | 100 | ||||||
Hypoport* |
140 | 24 | ||||||
Indus Holding |
1,064 | 75 | ||||||
Infineon Technologies |
21,477 | 578 | ||||||
Innogy (A) |
2,688 | 127 | ||||||
Isra Vision |
171 | 36 | ||||||
Jenoptik |
2,663 | 95 | ||||||
JOST Werke (A) |
763 | 35 | ||||||
K+S |
3,726 | 107 | ||||||
KION Group |
1,373 | 128 |
Description | Shares | Value (000) | ||||||
Kloeckner |
3,893 | $ | 49 | |||||
Koenig & Bauer |
701 | 64 | ||||||
Krones |
798 | 108 | ||||||
KWS Saat |
109 | 42 | ||||||
LANXESS |
1,703 | 130 | ||||||
LEG Immobilien |
3,188 | 359 | ||||||
Leoni |
1,612 | 103 | ||||||
Linde |
13,292 | 2,801 | ||||||
MAN |
614 | 71 | ||||||
Manz* |
231 | 9 | ||||||
Merck KGaA |
30,857 | 2,967 | ||||||
METRO |
3,146 | 56 | ||||||
MLP |
2,216 | 13 | ||||||
MorphoSys* |
1,372 | 141 | ||||||
MTU Aero Engines |
9,980 | 1,681 | ||||||
Muenchener Rueckversicherungs- Gesellschaft in Muenchen |
2,885 | 671 | ||||||
Nemetschek |
947 | 106 | ||||||
Nordex* |
2,995 | 26 | ||||||
Norma Group |
1,695 | 127 | ||||||
OHB |
258 | 11 | ||||||
OSRAM Licht |
1,912 | 141 | ||||||
PATRIZIA Immobilien |
2,031 | 45 | ||||||
Pfeiffer Vacuum Technology |
369 | 57 | ||||||
ProSiebenSat.1 Media |
63,181 | 2,200 | ||||||
QIAGEN* |
52,820 | 1,707 | ||||||
Rational |
160 | 101 | ||||||
Rheinmetall |
2,233 | 318 | ||||||
RHOEN-KLINIKUM |
1,341 | 45 | ||||||
RIB Software |
1,897 | 42 | ||||||
Rocket Internet* (A) |
2,656 | 82 | ||||||
RWE |
9,405 | 234 | ||||||
S&T |
2,285 | 51 | ||||||
SAF-Holland |
2,523 | 51 | ||||||
Salzgitter |
1,995 | 102 | ||||||
SAP |
109,968 | 11,504 | ||||||
Scout24 (A) |
5,628 | 262 | ||||||
Senvion* |
1,099 | 14 | ||||||
SGL Carbon* |
3,188 | 45 | ||||||
Siemens |
14,363 | 1,835 | ||||||
Siemens Healthineers* (A) |
1,384 | 57 | ||||||
Siltronic |
1,065 | 184 | ||||||
Sixt |
938 | 102 | ||||||
Sixt Leasing |
519 | 10 | ||||||
SLM Solutions Group* |
532 | 21 | ||||||
SMA Solar Technology |
569 | 32 | ||||||
Software |
2,678 | 140 | ||||||
Stabilus |
8,678 | 829 | ||||||
STADA Arzneimittel |
2,163 | 223 | ||||||
STO & KGaA |
96 | 13 | ||||||
STRATEC Biomedical |
209 | 19 | ||||||
Stroeer & KGaA |
1,423 | 99 | ||||||
Suedzucker |
3,679 | 63 | ||||||
Surteco |
337 | 10 | ||||||
Symrise |
7,965 | 642 | ||||||
TAG Immobilien |
5,903 | 123 | ||||||
Takkt |
1,685 | 38 | ||||||
Telefonica Deutschland Holding |
12,541 | 59 | ||||||
ThyssenKrupp |
7,873 | 206 | ||||||
TLG Immobilien |
5,211 | 143 | ||||||
TUI |
13,331 | 286 | ||||||
Uniper |
3,559 | 109 | ||||||
United Internet |
2,396 | 151 |
44
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
VERBIO Vereinigte BioEnergie |
974 | $ | 5 | |||||
Volkswagen |
607 | 122 | ||||||
Vonovia |
8,969 | 445 | ||||||
Vossloh |
602 | 30 | ||||||
VTG |
598 | 34 | ||||||
Wacker Chemie |
737 | 121 | ||||||
Wacker Neuson |
1,362 | 47 | ||||||
Washtec |
1,002 | 96 | ||||||
Wirecard |
3,356 | 397 | ||||||
Wuestenrot & Wuerttembergische |
1,183 | 28 | ||||||
|
157 | 46 | ||||||
Zalando* (A) |
2,000 | 109 | ||||||
zooplus* |
673 | 123 | ||||||
|
|
|||||||
83,248 | ||||||||
|
|
|||||||
Greece – 0.2% |
||||||||
Aegean Airlines |
27,543 | 303 | ||||||
Alpha Bank AE* |
92,360 | 195 | ||||||
Fourlis Holdings* |
54,497 | 379 | ||||||
Grivalia Properties REIC AE ‡ |
86,436 | 942 | ||||||
Hellenic Petroleum |
8,507 | 82 | ||||||
JUMBO |
20,851 | 373 | ||||||
Motor Oil Hellas Corinth Refineries |
58,239 | 1,313 | ||||||
|
|
|||||||
3,587 | ||||||||
|
|
|||||||
Hong Kong – 6.0% |
||||||||
Agile Group Holdings |
204,000 | 428 | ||||||
Agricultural Bank of China, Cl H |
4,157,000 | 2,393 | ||||||
AIA Group |
1,454,200 | 12,484 | ||||||
Ajisen China Holdings |
483,000 | 227 | ||||||
ASM Pacific Technology |
5,800 | 82 | ||||||
Bank of China, Cl H |
6,009,000 | 3,273 | ||||||
Bank of East Asia |
23,604 | 94 | ||||||
BOC Hong Kong Holdings |
68,500 | 336 | ||||||
Bright Smart Securities & Commodities Group |
32,000 | 10 | ||||||
Brightoil Petroleum Holdings* |
155,000 | 29 | ||||||
Brilliance China Automotive Holdings |
636,000 | 1,345 | ||||||
BYD Electronic International |
544,000 | 1,041 | ||||||
Cafe de Coral Holdings |
18,000 | 45 | ||||||
Champion ‡ |
103,000 | 74 | ||||||
China Construction Bank, |
3,907,000 | 4,069 | ||||||
China Financial International Investments* |
310,000 | 11 | ||||||
China LNG Group* |
100,000 | 15 | ||||||
China Mengniu Dairy |
254,000 | 877 | ||||||
China Merchants Holdings International |
84,253 | 187 | ||||||
China Mobile |
423,000 | 3,907 | ||||||
China Overseas Grand Oceans Group |
226,000 | 111 | ||||||
China Overseas Land & Investment |
192,000 | 676 | ||||||
China Shineway Pharmaceutical Group |
102,000 | 156 | ||||||
China Trustful Group* |
36,000 | 14 | ||||||
Chong Hing Bank |
9,000 | 18 | ||||||
Chow Sang Sang Holdings International |
15,000 | 32 | ||||||
CITIC Telecom International Holdings |
71,000 | 21 | ||||||
CK Asset Holdings |
56,222 | 475 |
Description | Shares | Value (000) | ||||||
CK Hutchison Holdings |
184,884 | $ | 2,227 | |||||
CK Infrastructure Holdings |
12,000 | 98 | ||||||
CK Life Sciences Int’l Holdings |
126,000 | 9 | ||||||
CLP Holdings |
188,500 | 1,926 | ||||||
CMBC Capital Holdings* |
640,000 | 49 | ||||||
Convoy Global Holdings* |
402,000 | 9 | ||||||
Country Garden Holdings |
506,000 | 1,062 | ||||||
CSI Properties |
230,000 | 14 | ||||||
CSPC Pharmaceutical Group |
790,000 | 2,128 | ||||||
Dah Sing Banking Group |
25,200 | 55 | ||||||
Dah Sing Financial Holdings |
8,000 | 51 | ||||||
Digital Domain Holdings* |
620,000 | 14 | ||||||
Emperor Capital Group |
126,000 | 10 | ||||||
Emperor International Holdings |
48,000 | 14 | ||||||
Esprit Holdings* |
1,553,777 | 530 | ||||||
Fairwood Holdings |
2,500 | 10 | ||||||
Far East Consortium International |
72,000 | 39 | ||||||
FDG Kinetic* |
62,000 | 5 | ||||||
FIH Mobile* |
320,000 | 70 | ||||||
First Pacific |
442,000 | 242 | ||||||
Freeman FinTech* |
260,000 | 46 | ||||||
Galaxy Entertainment Group* |
45,000 | 413 | ||||||
Geely Automobile Holdings |
564,000 | 1,658 | ||||||
Giordano International |
62,000 | 37 | ||||||
Global Brands Group Holding* |
260,000 | 15 | ||||||
Goodbaby International Holdings |
286,000 | 196 | ||||||
Great Eagle Holdings |
13,240 | 67 | ||||||
G-Resources Group* |
897,000 | 8 | ||||||
Guangnan Holdings |
210,000 | 25 | ||||||
Guotai Junan International Holdings |
137,000 | 40 | ||||||
Haier Electronics Group |
436,416 | 1,567 | ||||||
Haitong International Securities Group |
110,908 | 65 | ||||||
Hang Lung Group |
15,000 | 49 | ||||||
Hang Lung Properties |
40,000 | 94 | ||||||
Hang Seng Bank |
14,200 | 330 | ||||||
Health and Happiness H&H International Holdings* |
13,500 | 103 | ||||||
Henderson Land Development |
22,982 | 151 | ||||||
Hengan International Group |
72,458 | 674 | ||||||
HK Electric Investments & HK Electric Investments (A) |
48,658 | 47 | ||||||
HKBN |
52,000 | 61 | ||||||
HKT Trust |
74,740 | 94 | ||||||
Hong Kong & China Gas |
157,917 | 325 | ||||||
Hong Kong Exchanges and Clearing |
21,911 | 723 | ||||||
Hongkong & Shanghai Hotels |
191,569 | 293 | ||||||
Hopewell Holdings |
31,000 | 119 | ||||||
HSBC Holdings |
675,875 | 6,408 | ||||||
Huarong International Financial Holdings |
30,000 | 8 | ||||||
Hutchison Telecommunications Hong Kong Holdings |
62,000 | 22 | ||||||
Hysan Development |
11,000 | 58 | ||||||
Industrial & Commercial Bank of China, Cl H |
4,237,000 | 3,688 | ||||||
Johnson Electric Holdings |
18,000 | 68 | ||||||
K Wah International Holdings |
10,000 | 7 | ||||||
Kerry Logistics Network |
35,000 | 52 | ||||||
Kerry Properties |
11,500 | 52 | ||||||
Kingboard Chemical Holdings |
314,500 | 1,456 |
45
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Kingboard Laminates Holdings |
1,027,500 | $ | 1,509 | |||||
Kingston Financial Group |
76,000 | 34 | ||||||
Lai Sun Development |
9,600 | 16 | ||||||
Landing International Development* |
3,780,000 | 106 | ||||||
Langham Hospitality Investments and Langham Hospitality Investments |
32,000 | 14 | ||||||
Li & Fung |
100,000 | 49 | ||||||
Li Bao Ge Group |
10,000 | 1 | ||||||
Li Ning* |
1,050,791 | 1,086 | ||||||
Link ‡ |
41,000 | 351 | ||||||
Liu Chong Hing Investment |
6,000 | 10 | ||||||
Luk Fook Holdings International |
18,000 | 66 | ||||||
Macau Legend Development* |
74,000 | 11 | ||||||
Man Wah Holdings |
77,600 | 62 | ||||||
Mason Group Holdings* |
1,040,000 | 17 | ||||||
Melco International Development |
38,000 | 112 | ||||||
Melco Resorts & Entertainment ADR |
4,573 | 133 | ||||||
MGM China Holdings |
17,200 | 45 | ||||||
Microport Scientific |
16,000 | 17 | ||||||
Minth Group |
14,000 | 64 | ||||||
MTR |
28,680 | 155 | ||||||
Neo Telemedia |
268,000 | 6 | ||||||
New World Development |
125,801 | 179 | ||||||
NewOcean Energy Holdings* |
38,000 | 9 | ||||||
Nine Dragons Paper Holdings |
7,000 | 11 | ||||||
NWS Holdings |
26,252 | 48 | ||||||
O Luxe Holdings* |
36,000 | 8 | ||||||
OP Financial Investments |
24,000 | 10 | ||||||
Pacific Basin Shipping* |
186,000 | 50 | ||||||
Pacific Textiles Holdings |
46,000 | 44 | ||||||
PCCW |
80,136 | 47 | ||||||
Ping An Insurance Group of China, Cl H |
390,500 | 4,031 | ||||||
Poly Property Group |
135,000 | 67 | ||||||
Power Assets Holdings |
26,500 | 237 | ||||||
Prosperity ‡ |
84,000 | 35 | ||||||
Regal ‡ |
32,000 | 10 | ||||||
Regina Miracle International Holdings (A) |
15,000 | 13 | ||||||
Sa Sa International Holdings |
44,551 | 23 | ||||||
Sands China |
46,400 | 253 | ||||||
Scud Group* (B) |
252,000 | - | ||||||
Shanghai Industrial Urban Development Group |
496,000 | 114 | ||||||
Shangri-La Asia |
22,000 | 45 | ||||||
Shenzhou International Group Holdings |
146,000 | 1,548 | ||||||
Shui On Land |
287,500 | 79 | ||||||
Shun Tak Holdings |
70,000 | 29 | ||||||
Sino Land |
63,554 | 103 | ||||||
Sino-Ocean Group Holding |
349,500 | 256 | ||||||
Sinotruk Hong Kong |
854,500 | 1,024 | ||||||
SITC International Holdings |
67,485 | 68 | ||||||
SJM Holdings |
31,000 | 27 | ||||||
SmarTone Telecommunications Holdings |
82,447 | 88 | ||||||
Stella International Holdings |
182,948 | 244 | ||||||
Sun Hung Kai |
19,000 | 12 | ||||||
Sun Hung Kai Properties |
26,893 | 428 | ||||||
SUNeVision Holdings |
43,000 | 27 |
Description | Shares | Value (000) | ||||||
Sunlight ‡ |
65,000 | $ | 44 | |||||
Swire Pacific, Cl A |
10,000 | 101 | ||||||
Swire Properties |
23,600 | 83 | ||||||
Tai United Holdings |
65,000 | 8 | ||||||
Techtronic Industries |
25,500 | 151 | ||||||
Television Broadcasts |
130,500 | 433 | ||||||
Tencent Holdings |
199,200 | 10,635 | ||||||
Texwinca Holdings |
44,000 | 23 | ||||||
Tingyi Cayman Islands Holding |
1,021,014 | 2,123 | ||||||
Town Health International Medical Group |
154,000 | 14 | ||||||
United Laboratories International Holdings |
30,000 | 31 | ||||||
Value Partners Group |
51,000 | 48 | ||||||
Vision Fame International Holding* |
140,000 | 5 | ||||||
VSTECS Holdings |
36,000 | 19 | ||||||
VTech Holdings |
8,400 | 107 | ||||||
Want Want China Holdings |
1,348,996 | 1,086 | ||||||
Weichai Power, Cl H |
153,000 | 174 | ||||||
WH Group (A) |
170,601 | 183 | ||||||
Wharf Holdings |
22,000 | 76 | ||||||
Wharf Real Estate Investment |
22,000 | 144 | ||||||
Wheelock |
16,000 | 118 | ||||||
Wynn Macau |
30,400 | 112 | ||||||
Xinyi Glass Holdings |
94,000 | 143 | ||||||
Yue Yuen Industrial Holdings |
13,500 | 54 | ||||||
|
|
|||||||
88,957 | ||||||||
|
|
|||||||
Hungary – 0.2% |
||||||||
OTP Bank |
51,276 | 2,312 | ||||||
|
|
|||||||
India – 2.4% |
||||||||
Asian Paints |
51,116 | 881 | ||||||
Axis Bank |
136,073 | 1,074 | ||||||
Bajaj Finance |
50,588 | 1,384 | ||||||
Bharti Airtel |
102,965 | 635 | ||||||
Britannia Industries |
7,936 | 608 | ||||||
Coal India |
60,436 | 264 | ||||||
HDFC Bank |
47,715 | 1,388 | ||||||
HDFC Bank ADR |
3,409 | 337 | ||||||
HDFC Standard Life Insurance (A) |
131,327 | 924 | ||||||
Hindalco Industries |
190,706 | 634 | ||||||
Hinduja Global Solutions |
7,976 | 100 | ||||||
Housing Development Finance |
177,448 | 4,994 | ||||||
Idea Cellular* |
331,630 | 390 | ||||||
Indian Oil |
526,648 | 1,437 | ||||||
Indraprastha Gas |
10,270 | 44 | ||||||
IndusInd Bank |
33,312 | 923 | ||||||
Infosys |
114,500 | 1,999 | ||||||
Infosys ADR |
204,500 | 3,650 | ||||||
KPIT Technologies |
177,107 | 593 | ||||||
Maruti Suzuki India |
15,366 | 2,101 | ||||||
Mindtree |
23,414 | 279 | ||||||
MRF |
1,915 | 2,147 | ||||||
NIIT Technologies |
39,734 | 531 | ||||||
Oil & Natural Gas |
120,753 | 332 | ||||||
Redington India |
151,579 | 344 | ||||||
Sharda Motor Industries |
943 | 28 | ||||||
Shriram Transport Finance |
12,797 | 285 | ||||||
Tata Consultancy Services |
113,296 | 4,969 | ||||||
Vakrangee |
277,574 | 951 | ||||||
Venky’s India |
7,651 | 461 | ||||||
Wipro |
97,369 | 421 |
46
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
WNS Holdings ADR* |
1,318 | $ | 60 | |||||
|
|
|||||||
35,168 | ||||||||
|
|
|||||||
Indonesia – 0.6% |
||||||||
Adaro Energy |
1,540,100 | 241 | ||||||
Bank Negara Indonesia Persero |
3,501,400 | 2,222 | ||||||
Bank Pan Indonesia* |
346,400 | 27 | ||||||
Bank Pembangunan Daerah Jawa Timur |
467,000 | 21 | ||||||
Bank Rakyat Indonesia Persero |
8,186,000 | 2,142 | ||||||
Gudang Garam |
11,400 | 60 | ||||||
Media Nusantara Citra |
4,671,643 | 484 | ||||||
Telekomunikasi Indonesia Persero |
7,379,200 | 1,933 | ||||||
Unilever Indonesia |
326,200 | 1,179 | ||||||
|
|
|||||||
8,309 | ||||||||
|
|
|||||||
Ireland – 0.6% |
||||||||
AIB Group |
14,712 | 88 | ||||||
Bank of Ireland Group |
104,512 | 915 | ||||||
C&C Group |
16,802 | 55 | ||||||
CRH |
156,012 | 5,297 | ||||||
Dalata Hotel Group* |
10,136 | 78 | ||||||
Glanbia |
9,278 | 160 | ||||||
Green ‡ |
34,343 | 64 | ||||||
Hibernia ‡ |
36,731 | 65 | ||||||
Irish Continental Group |
58,431 | 411 | ||||||
Irish Residential Properties ‡ |
20,446 | 35 | ||||||
Origin Enterprises |
6,692 | 44 | ||||||
Paddy Power Betfair |
5,186 | 532 | ||||||
Permanent TSB Group Holdings* |
5,460 | 13 | ||||||
Ryanair Holdings ADR* |
487 | 60 | ||||||
Smurfit Kappa Group |
12,227 | 496 | ||||||
|
|
|||||||
8,313 | ||||||||
|
|
|||||||
Israel – 0.4% |
||||||||
Africa Israel Properties* |
517 | 13 | ||||||
Airport City* |
4,288 | 46 | ||||||
Alony Hetz Properties & Investments |
6,001 | 54 | ||||||
Amot Investments |
6,867 | 37 | ||||||
Azrieli Group |
799 | 38 | ||||||
B Communications* |
664 | 9 | ||||||
Bank Hapoalim |
19,778 | 136 | ||||||
Bank Leumi Le-Israel |
25,389 | 153 | ||||||
Bayside Land |
28 | 13 | ||||||
Bezeq The Israeli Telecommunication |
38,296 | 49 | ||||||
Big Shopping Centers |
184 | 12 | ||||||
Blue Square Real Estate |
240 | 9 | ||||||
Brack Capital Properties* |
171 | 20 | ||||||
Cellcom Israel* |
2,918 | 21 | ||||||
Check Point Software Technologies* |
34,368 | 3,415 | ||||||
Clal Insurance Enterprises Holdings* |
752 | 14 | ||||||
Delek Automotive Systems |
1,428 | 11 | ||||||
Delek Group |
245 | 41 | ||||||
Delta-Galil Industries |
384 | 11 | ||||||
El Al Israel Airlines |
14,890 | 5 | ||||||
Elbit Systems |
426 | 51 | ||||||
Electra |
78 | 19 | ||||||
First International Bank of Israel |
2,906 | 61 | ||||||
Formula Systems 1985 |
275 | 10 |
Description | Shares | Value (000) | ||||||
Frutarom Industries |
677 | $ | 62 | |||||
Gazit-Globe |
5,336 | 53 | ||||||
Harel Insurance Investments & Financial Services |
6,037 | 47 | ||||||
IDI Insurance |
284 | 19 | ||||||
Israel |
184 | 35 | ||||||
Israel Chemicals |
13,795 | 58 | ||||||
Israel Discount Bank, Cl A* |
60,141 | 174 | ||||||
Jerusalem Economy* |
6,316 | 15 | ||||||
Jerusalem Oil Exploration* |
412 | 23 | ||||||
Kenon Holdings* |
723 | 12 | ||||||
Matrix IT |
1,358 | 15 | ||||||
Mazor Robotics* |
1,951 | 58 | ||||||
Melisron |
955 | 38 | ||||||
Menora Mivtachim Holdings |
953 | 12 | ||||||
Migdal Insurance & Financial Holding* |
13,597 | 15 | ||||||
Mizrahi Tefahot Bank |
2,602 | 50 | ||||||
Naphtha Israel Petroleum |
1,510 | 10 | ||||||
NICE-Systems* |
1,142 | 106 | ||||||
Norstar Holdings |
544 | 10 | ||||||
Nova Measuring Instruments* |
1,849 | 50 | ||||||
Oil Refineries |
76,027 | 35 | ||||||
Partner Communications* |
5,859 | 26 | ||||||
Paz Oil |
381 | 56 | ||||||
Phoenix Holdings* |
2,422 | 13 | ||||||
Radware* |
2,566 | 55 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 |
243 | 12 | ||||||
Reit 1 ‡ |
9,175 | 38 | ||||||
Sapiens International |
1,817 | 16 | ||||||
Shapir Engineering and Industry |
3,162 | 10 | ||||||
Shikun & Binui |
10,716 | 18 | ||||||
Shufersal |
2,454 | 16 | ||||||
Strauss Group |
2,648 | 58 | ||||||
Teva Pharmaceutical Industries* |
10,519 | 179 | ||||||
Teva Pharmaceutical Industries ADR* |
6,053 | 103 | ||||||
Tower Semiconductor* |
4,559 | 123 | ||||||
|
|
|||||||
5,868 | ||||||||
|
|
|||||||
Italy – 1.8% |
||||||||
A2A |
80,765 | 154 | ||||||
ACEA |
3,110 | 53 | ||||||
Aeroporto Guglielmo Marconi Di Bologna |
118 | 2 | ||||||
Amplifon |
4,506 | 80 | ||||||
Anima Holding (A) |
11,268 | 77 | ||||||
Arnoldo Mondadori Editore* |
6,704 | 14 | ||||||
Ascopiave |
2,362 | 9 | ||||||
Assicurazioni Generali |
23,714 | 456 | ||||||
Astaldi |
1,845 | 5 | ||||||
ASTM |
2,348 | 59 | ||||||
Atlantia |
8,698 | 271 | ||||||
Autogrill |
6,330 | 82 | ||||||
Azimut Holding |
5,935 | 128 | ||||||
Banca Carige* |
1,700,888 | 17 | ||||||
Banca Farmafactoring (A) |
3,466 | 25 | ||||||
Banca Generali |
2,922 | 94 | ||||||
Banca IFIS |
1,181 | 45 | ||||||
Banca Mediolanum |
12,949 | 113 | ||||||
Banca Monte dei Paschi di Siena* |
14,128 | 45 | ||||||
Banca Popolare di Sondrio SCPA |
24,059 | 95 |
47
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Banco BPM* |
77,186 | $ | 268 | |||||
Beni Stabili SIIQ ‡ |
48,661 | 41 | ||||||
Biesse |
764 | 45 | ||||||
BPER Banca |
24,720 | 138 | ||||||
Brembo |
7,605 | 117 | ||||||
Brunello Cucinelli |
1,727 | 54 | ||||||
Buzzi Unicem |
4,903 | 115 | ||||||
Buzzi Unicem RSP |
2,149 | 30 | ||||||
Cairo Communication |
2,369 | 11 | ||||||
Cementir Holding |
1,553 | 13 | ||||||
Cerved Information Solutions |
9,854 | 123 | ||||||
CIR-Compagnie Industriali Riunite |
17,051 | 23 | ||||||
CNH Industrial |
129,779 | 1,604 | ||||||
Credito Emiliano |
4,286 | 38 | ||||||
Credito Valtellinese* |
305,256 | 43 | ||||||
Danieli & C Officine Meccaniche |
669 | 18 | ||||||
Danieli & C Officine Meccaniche RSP |
2,570 | 47 | ||||||
Datalogic |
1,158 | 36 | ||||||
Davide Campari-Milano |
51,707 | 391 | ||||||
De’ Longhi |
3,035 | 90 | ||||||
DiaSorin |
1,067 | 96 | ||||||
doBank (A) |
3,802 | 54 | ||||||
Ei Towers |
928 | 52 | ||||||
El.En. |
474 | 19 | ||||||
Enav (A) |
16,201 | 86 | ||||||
Enel |
153,337 | 941 | ||||||
Eni |
199,755 | 3,518 | ||||||
ERG |
3,518 | 84 | ||||||
EXOR |
2,009 | 144 | ||||||
Falck Renewables |
6,160 | 16 | ||||||
Ferrari |
2,314 | 278 | ||||||
Fiat Chrysler Automobiles* |
19,906 | 406 | ||||||
Fila |
607 | 13 | ||||||
Fincantieri |
28,316 | 42 | ||||||
FinecoBank Banca Fineco |
20,205 | 244 | ||||||
Geox |
3,289 | 11 | ||||||
Hera |
36,283 | 133 | ||||||
Immobiliare Grande Distribuzione SIIQ ‡ |
2,060 | 19 | ||||||
Industria Macchine Automatiche |
870 | 85 | ||||||
Infrastrutture Wireless |
12,834 | 102 | ||||||
Interpump Group |
3,517 | 119 | ||||||
Intesa Sanpaolo |
1,180,290 | 4,302 | ||||||
Intesa Sanpaolo RSP |
16,954 | 64 | ||||||
Iren |
31,236 | 98 | ||||||
Italgas |
24,393 | 146 | ||||||
Italmobiliare |
351 | 10 | ||||||
Juventus Football Club* |
19,509 | 16 | ||||||
La Doria |
707 | 11 | ||||||
Leonardo-Finmeccanica |
8,091 | 94 | ||||||
Luxottica Group |
31,705 | 1,972 | ||||||
Maire Tecnimont |
5,888 | 30 | ||||||
MARR |
1,816 | 54 | ||||||
Mediaset* |
24,396 | 93 | ||||||
Mediobanca |
11,501 | 135 | ||||||
Moncler |
8,476 | 323 | ||||||
OVS (A) |
9,853 | 60 | ||||||
Piaggio & C |
202,113 | 561 | ||||||
Poste Italiane (A) |
9,120 | 83 | ||||||
Prysmian |
3,844 | 121 | ||||||
RAI Way (A) |
4,576 | 25 | ||||||
Recordati |
2,132 | 79 |
Description | Shares | Value (000) | ||||||
Reply |
988 | $ | 55 | |||||
Safilo Group* |
1,581 | 8 | ||||||
Saipem* |
176,313 | 691 | ||||||
Salini Impregilo |
10,123 | 30 | ||||||
Salvatore Ferragamo |
2,673 | 74 | ||||||
Saras |
24,143 | 53 | ||||||
Snam |
422,592 | 1,942 | ||||||
Societa Cattolica di Assicurazioni SC |
7,623 | 81 | ||||||
Societa Iniziative Autostradali e Servizi |
3,996 | 75 | ||||||
Sogefi* |
2,114 | 8 | ||||||
Tamburi Investment Partners |
2,427 | 18 | ||||||
Technogym (A) |
4,689 | 55 | ||||||
Telecom Italia* |
219,934 | 208 | ||||||
Telecom Italia RSP |
118,219 | 99 | ||||||
Tenaris |
8,740 | 151 | ||||||
Terna Rete Elettrica Nazionale |
26,985 | 158 | ||||||
Tod’s |
534 | 39 | ||||||
UniCredit |
98,964 | 2,070 | ||||||
Unione di Banche Italiane |
52,627 | 241 | ||||||
Unipol Gruppo |
20,262 | 99 | ||||||
UnipolSai |
19,210 | 46 | ||||||
Vittoria Assicurazioni |
926 | 14 | ||||||
Yoox Net-A-Porter Group, Cl A* |
2,672 | 124 | ||||||
Zignago Vetro |
1,102 | 11 | ||||||
|
|
|||||||
26,158 | ||||||||
|
|
|||||||
Japan – 14.8% |
||||||||
77 Bank |
3,600 | 86 | ||||||
ABC-Mart |
1,200 | 79 | ||||||
Achilles |
500 | 10 | ||||||
Acom* |
7,800 | 35 | ||||||
Activia Properties ‡ |
30 | 134 | ||||||
Adastria |
1,300 | 27 | ||||||
ADEKA |
4,900 | 88 | ||||||
Advance Residence Investment ‡ |
62 | 158 | ||||||
Advantest |
8,000 | 168 | ||||||
Aeon |
11,100 | 198 | ||||||
Aeon Delight |
2,400 | 87 | ||||||
Aeon Fantasy |
300 | 15 | ||||||
AEON Financial Service |
8,000 | 187 | ||||||
AEON Investment ‡ |
73 | 77 | ||||||
Aeon Mall |
2,100 | 44 | ||||||
Ai Holdings |
1,900 | 53 | ||||||
Aica Kogyo |
2,700 | 100 | ||||||
Aichi |
2,400 | 16 | ||||||
Aichi Bank |
200 | 10 | ||||||
Aichi Steel |
600 | 25 | ||||||
Aida Engineering |
3,100 | 38 | ||||||
Aiful* |
16,700 | 56 | ||||||
Ain Holdings |
1,300 | 102 | ||||||
Air Water |
2,600 | 51 | ||||||
Aisan Industry |
2,000 | 21 | ||||||
Aisin Seiki |
3,400 | 186 | ||||||
Ajinomoto |
9,900 | 180 | ||||||
Akatsuki* |
200 | 10 | ||||||
Akebono Brake Industry* |
3,800 | 10 | ||||||
Akita Bank |
1,000 | 27 | ||||||
Alfresa Holdings |
31,100 | 700 | ||||||
Alpen |
1,000 | 22 | ||||||
Alpine Electronics |
2,200 | 42 | ||||||
Alps Electric |
3,400 | 85 |
48
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Amada Holdings |
5,800 | $ | 71 | |||||
Amano |
3,200 | 86 | ||||||
Amuse |
400 | 11 | ||||||
ANA Holdings |
2,000 | 78 | ||||||
Anest Iwata |
1,000 | 11 | ||||||
Anicom Holdings* |
700 | 29 | ||||||
Anritsu |
7,000 | 86 | ||||||
AOKI Holdings |
2,400 | 37 | ||||||
Aomori Bank |
1,100 | 34 | ||||||
Aoyama Trading |
2,300 | 91 | ||||||
Aozora Bank |
2,300 | 92 | ||||||
Arata |
300 | 17 | ||||||
Arcland Sakamoto |
1,500 | 24 | ||||||
Arcland Service Holdings |
600 | 14 | ||||||
Arcs |
2,400 | 58 | ||||||
Ardepro |
8,400 | 6 | ||||||
Ariake Japan |
1,000 | 80 | ||||||
As One |
900 | 58 | ||||||
Asahi Diamond Industrial |
2,200 | 23 | ||||||
Asahi Glass |
3,700 | 157 | ||||||
Asahi Group Holdings |
10,200 | 550 | ||||||
Asahi Holdings |
1,500 | 28 | ||||||
Asahi Intecc |
4,600 | 186 | ||||||
Asahi Kasei |
23,500 | 314 | ||||||
Asics |
3,300 | 62 | ||||||
ASKA Pharmaceutical |
700 | 11 | ||||||
ASKUL |
1,300 | 44 | ||||||
Astellas Pharma |
48,700 | 746 | ||||||
Ateam |
400 | 9 | ||||||
Atom |
3,900 | 35 | ||||||
Autobacs Seven |
3,700 | 69 | ||||||
Avex |
1,800 | 26 | ||||||
Awa Bank |
9,000 | 59 | ||||||
Axial Retailing |
900 | 34 | ||||||
Azbil |
9,200 | 435 | ||||||
Bando Chemical Industries |
2,200 | 25 | ||||||
Bank of Iwate |
1,000 | 40 | ||||||
Bank of Kyoto |
1,100 | 62 | ||||||
Bank of Nagoya |
800 | 30 | ||||||
Bank of Okinawa |
1,400 | 60 | ||||||
Bank of Saga |
500 | 11 | ||||||
Bank of the Ryukyus |
2,300 | 36 | ||||||
Belc |
600 | 35 | ||||||
Bell System24 Holdings |
1,100 | 16 | ||||||
Belluna |
2,500 | 29 | ||||||
Benefit One |
1,600 | 44 | ||||||
Benesse Holdings |
1,500 | 54 | ||||||
Bic Camera |
5,100 | 81 | ||||||
BML |
1,200 | 31 | ||||||
Bridgestone |
17,000 | 749 | ||||||
Broadleaf |
3,600 | 18 | ||||||
Bronco Billy |
400 | 14 | ||||||
Brother Industries |
4,600 | 107 | ||||||
Bunka Shutter |
3,200 | 31 | ||||||
Calbee |
1,500 | 51 | ||||||
Canon |
109,700 | 4,013 | ||||||
Canon Electronics |
800 | 18 | ||||||
Canon Marketing Japan |
2,800 | 76 | ||||||
Capcom |
4,400 | 102 | ||||||
Casio Computer |
16,800 | 248 | ||||||
Cawachi |
400 | 10 | ||||||
Central Glass |
2,000 | 46 | ||||||
Central Japan Railway |
2,740 | 523 |
Description | Shares | Value (000) | ||||||
Chiba Bank |
21,000 | $ | 172 | |||||
Chiyoda |
8,500 | 80 | ||||||
Chiyoda |
900 | 22 | ||||||
Chiyoda Integre |
500 | 12 | ||||||
Chofu Seisakusho |
1,300 | 31 | ||||||
Chubu Electric Power |
11,800 | 169 | ||||||
Chubu Shiryo |
600 | 12 | ||||||
Chudenko |
2,000 | 54 | ||||||
Chugai Pharmaceutical |
4,000 | 203 | ||||||
Chugoku Bank |
10,800 | 129 | ||||||
Chugoku Electric Power |
4,700 | 57 | ||||||
Chugoku Marine Paints |
3,300 | 33 | ||||||
Chukyo Bank |
400 | 9 | ||||||
Ci:z Holdings |
1,400 | 70 | ||||||
Citizen Holdings |
14,900 | 105 | ||||||
CKD |
2,700 | 59 | ||||||
Clarion |
5,000 | 15 | ||||||
CMIC Holdings |
500 | 13 | ||||||
CMK |
2,600 | 20 | ||||||
Coca-Cola Bottlers Japan Holdings |
2,400 | 100 | ||||||
cocokara fine |
900 | 63 | ||||||
COLOPL |
2,600 | 23 | ||||||
Colowide |
3,100 | 72 | ||||||
Comforia Residential ‡ |
26 | 61 | ||||||
COMSYS Holdings |
5,500 | 146 | ||||||
Concordia Financial Group |
30,400 | 172 | ||||||
CONEXIO |
1,200 | 26 | ||||||
COOKPAD |
2,500 | 14 | ||||||
Cosel |
800 | 11 | ||||||
Cosmo Energy Holdings |
2,900 | 94 | ||||||
Cosmos Pharmaceutical |
500 | 102 | ||||||
Create Restaurants Holdings |
1,600 | 19 | ||||||
Create SD Holdings |
1,500 | 39 | ||||||
Credit Saison |
2,600 | 43 | ||||||
CROOZ* |
500 | 10 | ||||||
CyberAgent |
5,200 | 270 | ||||||
CYBERDYNE* |
2,000 | 29 | ||||||
DA Consortium Holdings |
1,200 | 28 | ||||||
Dai Nippon Printing |
4,500 | 94 | ||||||
Daibiru |
2,800 | 33 | ||||||
Daicel |
4,900 | 54 | ||||||
Dai-Dan |
100 | 2 | ||||||
Daido Metal |
1,100 | 13 | ||||||
Daido Steel |
1,400 | 71 | ||||||
Daifuku |
3,800 | 226 | ||||||
Daihen |
5,000 | 38 | ||||||
Daiho |
3,000 | 17 | ||||||
Daiichi Jitsugyo |
400 | 12 | ||||||
Dai-ichi Life Holdings |
80,500 | 1,490 | ||||||
Daiichi Sankyo |
10,300 | 345 | ||||||
Daiichikosho |
1,900 | 100 | ||||||
Daiken |
600 | 14 | ||||||
Daikin Industries |
32,200 | 3,577 | ||||||
Daikokutenbussan |
200 | 10 | ||||||
Daikyo |
1,800 | 36 | ||||||
Daikyonishikawa |
2,000 | 33 | ||||||
Dainichiseika Color & Chemicals Manufacturing |
600 | 25 | ||||||
Daio Paper |
3,800 | 53 | ||||||
Daiseki |
2,000 | 56 | ||||||
Daishi Bank |
1,500 | 67 | ||||||
Daito Trust Construction |
1,300 | 222 | ||||||
Daiwa House Industry |
14,000 | 541 |
49
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Daiwa House Investment, Cl A ‡ |
34 | $ | 82 | |||||
Daiwa Industries |
1,100 | 13 | ||||||
Daiwa Office Investment ‡ |
18 | 104 | ||||||
Daiwa Securities Group |
29,000 | 187 | ||||||
Daiwabo Holdings |
900 | 39 | ||||||
DCM Holdings |
5,100 | 52 | ||||||
Dena |
2,000 | 36 | ||||||
Denka |
4,400 | 150 | ||||||
Denki Kogyo |
400 | 12 | ||||||
Denso |
178,100 | 9,798 | ||||||
Dentsu* |
3,900 | 172 | ||||||
Denyo |
600 | 11 | ||||||
Descente |
2,200 | 35 | ||||||
Dexerials |
2,300 | 24 | ||||||
DIC |
4,100 | 138 | ||||||
Digital Arts |
300 | 12 | ||||||
Digital Garage |
1,800 | 60 | ||||||
Dip |
1,600 | 51 | ||||||
Disco |
500 | 107 | ||||||
DMG Mori* |
5,500 | 104 | ||||||
Don Quijote Holdings |
2,300 | 132 | ||||||
Doshisha |
1,200 | 27 | ||||||
Doutor Nichires Holdings |
2,100 | 50 | ||||||
Dowa Holdings |
2,600 | 94 | ||||||
DTS |
1,100 | 38 | ||||||
Duskin |
2,200 | 55 | ||||||
DyDo Group Holdings |
300 | 19 | ||||||
Eagle Industry |
1,000 | 17 | ||||||
Earth Chemical |
700 | 37 | ||||||
East Japan Railway |
15,600 | 1,463 | ||||||
Ebara |
5,100 | 182 | ||||||
EDION |
3,600 | 42 | ||||||
Ehime Bank |
800 | 10 | ||||||
Eighteenth Bank |
8,000 | 21 | ||||||
Eiken Chemical |
1,800 | 45 | ||||||
Eisai |
5,120 | 330 | ||||||
Eizo |
800 | 37 | ||||||
Elecom |
600 | 14 | ||||||
Electric Power Development |
2,500 | 65 | ||||||
en-japan |
1,300 | 74 | ||||||
Enplas |
400 | 13 | ||||||
EPS Holdings |
1,400 | 29 | ||||||
eRex |
1,500 | 11 | ||||||
euglena* |
3,100 | 30 | ||||||
Exedy |
1,600 | 51 | ||||||
Ezaki Glico |
2,200 | 117 | ||||||
F@N Communications |
1,800 | 12 | ||||||
FamilyMart |
1,600 | 134 | ||||||
Fancl |
1,900 | 70 | ||||||
FANUC |
14,980 | 3,826 | ||||||
Fast Retailing |
1,000 | 405 | ||||||
FC Residential Investments ‡ |
65 | 49 | ||||||
FCC |
1,700 | 48 | ||||||
Feed One |
1,400 | 3 | ||||||
Ferrotec Holdings |
3,100 | 79 | ||||||
Financial Products Group |
3,400 | 45 | ||||||
Foster Electric |
1,000 | 25 | ||||||
FP |
1,200 | 78 | ||||||
Frontier Real Estate |
21 | 86 | ||||||
Fudo Tetra |
5,900 | 11 | ||||||
Fuji |
1,000 | 22 | ||||||
Fuji Electric |
10,000 | 69 | ||||||
Fuji Heavy Industries |
16,000 | 530 |
Description | Shares | Value (000) | ||||||
Fuji Kyuko |
1,000 | $ | 26 | |||||
Fuji Machine Manufacturing |
3,400 | 66 | ||||||
Fuji Media Holdings |
35,700 | 608 | ||||||
Fuji Oil Holdings |
2,800 | 86 | ||||||
Fuji Pharma |
300 | 14 | ||||||
Fuji Seal International |
2,300 | 92 | ||||||
Fuji Soft |
1,400 | 56 | ||||||
Fujibo Holdings |
400 | 14 | ||||||
Fujicco |
1,200 | 27 | ||||||
FUJIFILM Holdings |
36,500 | 1,463 | ||||||
Fujikura |
13,100 | 89 | ||||||
Fujimi |
700 | 15 | ||||||
Fujimori Kogyo |
800 | 29 | ||||||
Fujita Kanko |
300 | 9 | ||||||
Fujitec |
3,400 | 45 | ||||||
Fujitsu |
36,000 | 219 | ||||||
Fujitsu General |
3,000 | 54 | ||||||
Fujiya |
500 | 12 | ||||||
Fukuda |
400 | 25 | ||||||
Fukuda Denshi |
300 | 22 | ||||||
Fukui Computer Holdings |
300 | 7 | ||||||
Fukuoka Corp ‡ |
34 | 53 | ||||||
Fukuoka Financial Group |
32,000 | 176 | ||||||
Fukushima Industries |
700 | 31 | ||||||
Fukuyama Transporting |
1,600 | 70 | ||||||
FULLCAST Holdings |
1,000 | 25 | ||||||
Funai Electric* |
1,300 | 9 | ||||||
Funai Soken Holdings |
1,650 | 35 | ||||||
Furukawa |
1,700 | 32 | ||||||
Furukawa Electric |
3,500 | 189 | ||||||
Fuso Chemical |
800 | 21 | ||||||
Futaba* |
1,900 | 39 | ||||||
Futaba Industrial |
2,500 | 21 | ||||||
Future |
1,200 | 15 | ||||||
Fuyo General Lease |
1,000 | 68 | ||||||
Genky DrugStores |
400 | - | ||||||
Geo Holdings |
1,400 | 22 | ||||||
Giken |
500 | 14 | ||||||
Global One Real Estate Investment ‡ |
44 | 43 | ||||||
Glory |
3,300 | 119 | ||||||
GLP J-Reit ‡ |
146 | 161 | ||||||
GMO internet* |
3,700 | 80 | ||||||
GMO Payment Gateway |
800 | 79 | ||||||
GNI Group* |
5,000 | 25 | ||||||
Goldcrest |
600 | 13 | ||||||
Goldwin |
600 | 36 | ||||||
Gree |
5,900 | 34 | ||||||
GS Yuasa |
19,000 | 104 | ||||||
G-Tekt |
1,100 | 21 | ||||||
GungHo Online Entertainment |
19,800 | 66 | ||||||
Gunma Bank |
17,000 | 98 | ||||||
Gunosy* |
200 | 5 | ||||||
Gunze |
900 | 52 | ||||||
Gurunavi |
1,400 | 19 | ||||||
H2O Retailing |
4,600 | 86 | ||||||
Hachijuni Bank |
6,400 | 35 | ||||||
Hakuhodo DY Holdings |
4,200 | 58 | ||||||
Halows |
100 | 2 | ||||||
Hamakyorex |
600 | 20 | ||||||
Hamamatsu Photonics |
2,700 | 104 | ||||||
Hankyu Hanshin Holdings |
4,400 | 165 | ||||||
Hankyu Reit ‡ |
27 | 34 |
50
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Hanwa |
1,800 | $ | 75 | |||||
Harmonic Drive Systems |
1,400 | 80 | ||||||
Haseko |
13,700 | 211 | ||||||
Hazama Ando |
8,600 | 65 | ||||||
HEALIOS* |
200 | 4 | ||||||
Hearts United Group |
700 | 11 | ||||||
Heiwa |
2,900 | 57 | ||||||
Heiwa Real Estate |
2,200 | 43 | ||||||
Heiwa Real Estate ‡ |
49 | 47 | ||||||
Heiwado |
1,600 | 39 | ||||||
Hibiya Engineering |
1,200 | 22 | ||||||
Hiday Hidaka |
840 | 21 | ||||||
Hikari Tsushin |
400 | 65 | ||||||
Hino Motors |
4,300 | 56 | ||||||
Hiramatsu |
1,700 | 8 | ||||||
Hirata |
1,000 | 92 | ||||||
Hirose Electric |
7,980 | 1,105 | ||||||
Hiroshima Bank |
19,000 | 145 | ||||||
HIS |
2,100 | 76 | ||||||
Hisamitsu Pharmaceutical |
1,100 | 85 | ||||||
Hitachi |
252,000 | 1,832 | ||||||
Hitachi Capital |
2,600 | 66 | ||||||
Hitachi Chemical |
1,800 | 40 | ||||||
Hitachi Construction Machinery |
1,900 | 74 | ||||||
Hitachi High-Technologies |
2,700 | 129 | ||||||
Hitachi Maxwell |
1,900 | 36 | ||||||
Hitachi Metals |
3,900 | 46 | ||||||
Hitachi Transport System |
2,600 | 73 | ||||||
Hitachi Zosen* |
8,600 | 45 | ||||||
Hodogaya Chemical |
100 | 4 | ||||||
Hogy Medical |
1,400 | 56 | ||||||
Hokkaido Electric Power |
9,800 | 65 | ||||||
Hokkoku Bank |
1,200 | 48 | ||||||
Hokuetsu Bank |
1,100 | 24 | ||||||
Hokuetsu Kishu Paper |
6,900 | 45 | ||||||
Hokuhoku Financial Group |
6,300 | 87 | ||||||
Hokuriku Electric Power* |
7,700 | 67 | ||||||
Hokuto |
1,500 | 29 | ||||||
Honda Motor |
211,900 | 7,335 | ||||||
Horiba |
1,900 | 148 | ||||||
Hoshino Resorts ‡ |
10 | 53 | ||||||
Hoshizaki Electric |
2,500 | 223 | ||||||
Hosiden |
3,200 | 40 | ||||||
House Foods Group |
3,300 | 109 | ||||||
Hoya |
138,200 | 6,988 | ||||||
Hulic |
5,400 | 59 | ||||||
Hulic ‡ |
53 | 81 | ||||||
Hyakugo Bank |
12,000 | 58 | ||||||
Hyakujushi Bank |
13,000 | 44 | ||||||
Ibiden |
5,700 | 85 | ||||||
IBJ Leasing |
1,600 | 45 | ||||||
Ichibanya |
900 | 37 | ||||||
Ichigo |
12,100 | 54 | ||||||
Ichikoh Industries |
800 | 9 | ||||||
Ichiyoshi Securities |
2,100 | 24 | ||||||
Icom |
400 | 10 | ||||||
Idec |
1,300 | 32 | ||||||
Idemitsu Kosan |
2,700 | 103 | ||||||
IDOM |
2,900 | 21 | ||||||
IHI |
3,000 | 94 | ||||||
Iida Group Holdings |
2,500 | 47 | ||||||
Iino Kaiun Kaisha |
5,000 | 24 | ||||||
Inaba Denki Sangyo |
1,600 | 71 |
Description | Shares | Value (000) | ||||||
Inabata |
2,600 | $ | 39 | |||||
Industrial & Infrastructure Fund Investment ‡ |
76 | 85 | ||||||
Ines |
1,100 | 12 | ||||||
Infocom |
500 | 10 | ||||||
Infomart |
4,800 | 49 | ||||||
Information Services International-Dentsu |
400 | 11 | ||||||
Inpex |
32,700 | 409 | ||||||
Internet Initiative Japan |
1,700 | 35 | ||||||
Invesco Office ‡ |
400 | 57 | ||||||
Investors Cloud |
1,000 | 22 | ||||||
Invincible Investment ‡ |
190 | 88 | ||||||
Iriso Electronics |
1,000 | 61 | ||||||
Iseki |
1,000 | 20 | ||||||
Isetan Mitsukoshi Holdings |
33,600 | 371 | ||||||
Ishihara Sangyo Kaisha* |
1,500 | 18 | ||||||
Istyle |
1,900 | 27 | ||||||
Isuzu Motors |
10,100 | 155 | ||||||
Ito En |
2,800 | 110 | ||||||
ITOCHU |
35,300 | 690 | ||||||
Itochu Enex |
2,600 | 25 | ||||||
Itochu Techno-Solutions |
5,200 | 108 | ||||||
Itochu-Shokuhin |
100 | 5 | ||||||
Itoham Yonekyu Holdings |
7,500 | 65 | ||||||
Itoki |
1,500 | 10 | ||||||
Iwatani |
1,800 | 67 | ||||||
Iyo Bank |
12,200 | 94 | ||||||
Izumi |
1,800 | 122 | ||||||
J Front Retailing |
4,800 | 81 | ||||||
J Trust |
3,200 | 21 | ||||||
JAC Recruitment |
700 | 15 | ||||||
Jaccs |
1,400 | 31 | ||||||
Jafco* |
1,700 | 80 | ||||||
Jamco |
500 | 10 | ||||||
Japan ‡ |
23 | 119 | ||||||
Japan Airlines |
4,400 | 179 | ||||||
Japan Airport Terminal |
700 | 27 | ||||||
Japan Asset Marketing* |
8,600 | 10 | ||||||
Japan Aviation Electronics Industry |
2,000 | 29 | ||||||
Japan Display* |
16,400 | 31 | ||||||
Japan Excellent ‡ |
62 | 80 | ||||||
Japan Exchange Group |
12,000 | 226 | ||||||
Japan Hotel ‡ |
190 | 135 | ||||||
Japan Investment Adviser |
500 | 21 | ||||||
Japan Lifeline |
2,200 | 63 | ||||||
Japan Logistics Fund ‡ |
40 | 81 | ||||||
Japan Material |
2,700 | 34 | ||||||
Japan Petroleum Exploration |
1,600 | 37 | ||||||
Japan Post Bank |
7,900 | 107 | ||||||
Japan Post Holdings |
84,300 | 1,025 | ||||||
Japan Prime ‡ |
14 | 51 | ||||||
Japan Pulp & Paper |
600 | 25 | ||||||
Japan Rental Housing Investments ‡ |
97 | 75 | ||||||
Japan Retail Fund Investment ‡ |
48 | 93 | ||||||
Japan Securities Finance |
6,100 | 38 | ||||||
Japan Steel Works |
3,100 | 102 | ||||||
Japan Tissue Engineering* |
400 | - | ||||||
Japan Tobacco |
126,200 | 3,617 | ||||||
Japan Wool Textile |
1,700 | 17 | ||||||
JCR Pharmaceuticals |
600 | 33 | ||||||
JCU |
800 | 19 |
51
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Jeol |
3,000 | $ | 28 | |||||
JFE Holdings |
20,300 | 410 | ||||||
JGC |
3,600 | 78 | ||||||
JIG-SAW* |
200 | 7 | ||||||
Jimoto Holdings |
5,700 | 10 | ||||||
JINS |
700 | 39 | ||||||
J-Oil Mills |
300 | 10 | ||||||
Joshin Denki |
1,000 | 38 | ||||||
Joyful Honda |
1,300 | 47 | ||||||
JSP |
500 | 15 | ||||||
JSR |
3,300 | 75 | ||||||
JTEKT |
3,800 | 56 | ||||||
Juroku Bank |
1,500 | 40 | ||||||
Justsystems |
1,600 | 39 | ||||||
JVC Kenwood |
8,400 | 28 | ||||||
JX Holdings |
57,300 | 352 | ||||||
kabu.com Securities |
8,300 | 29 | ||||||
Kadokawa Dwango |
2,700 | 28 | ||||||
Kaga Electronics |
700 | 18 | ||||||
Kagome |
3,900 | 137 | ||||||
Kajima |
17,000 | 160 | ||||||
Kakaku.com |
2,600 | 46 | ||||||
Kaken Pharmaceutical |
1,600 | 95 | ||||||
Kameda Seika |
700 | 34 | ||||||
Kamei |
800 | 11 | ||||||
Kamigumi |
2,000 | 45 | ||||||
Kanamoto |
1,400 | 47 | ||||||
Kandenko |
5,000 | 57 | ||||||
Kaneka |
5,000 | 50 | ||||||
Kanematsu |
4,000 | 54 | ||||||
Kanematsu Electronics |
700 | 20 | ||||||
Kansai Electric Power |
13,500 | 177 | ||||||
Kansai Mirai Financial Group* |
3,413 | - | ||||||
Kansai Paint |
3,500 | 82 | ||||||
Kanto Denka Kogyo |
1,800 | 19 | ||||||
Kao |
52,700 | 3,975 | ||||||
Kappa Create* |
1,400 | 17 | ||||||
Kasai Kogyo |
1,000 | 13 | ||||||
Katakura Industries |
900 | 12 | ||||||
Kato Sangyo |
1,400 | 49 | ||||||
Kato Works |
700 | 16 | ||||||
Kawasaki Heavy Industries |
2,600 | 84 | ||||||
Kawasaki Kisen Kaisha* |
4,600 | 107 | ||||||
KDDI |
46,500 | 1,199 | ||||||
Keihan Holdings |
1,700 | 53 | ||||||
Keihin* |
2,000 | 41 | ||||||
Keikyu |
4,000 | 70 | ||||||
Keio |
2,000 | 86 | ||||||
Keisei Electric Railway |
2,400 | 74 | ||||||
Keiyo |
1,500 | 8 | ||||||
Keiyo Bank |
12,000 | 54 | ||||||
Kenedix |
13,300 | 83 | ||||||
Kenedix Office Investment, Cl A ‡ |
22 | 134 | ||||||
Kenedix Residential Investment ‡ |
36 | 52 | ||||||
Kenedix Retail ‡ |
26 | 57 | ||||||
Kenko Mayonnaise |
400 | 13 | ||||||
Kewpie |
5,300 | 146 | ||||||
Key Coffee |
500 | 10 | ||||||
Keyence |
2,100 | 1,317 | ||||||
KH Neochem |
1,200 | 35 | ||||||
Kikkoman |
2,800 | 114 | ||||||
Kinden |
6,700 | 112 | ||||||
Kintetsu Department Store* |
300 | 11 |
Description | Shares | Value (000) | ||||||
Kintetsu Group Holdings |
3,400 | $ | 134 | |||||
Kintetsu World Express |
2,000 | 37 | ||||||
Kirin Holdings |
69,800 | 1,863 | ||||||
Kisoji |
1,400 | 36 | ||||||
Kissei Pharmaceutical |
1,700 | 46 | ||||||
Kitz |
4,300 | 37 | ||||||
Kiyo Bank |
3,500 | 57 | ||||||
KLab* |
2,300 | 38 | ||||||
KNT-CT Holdings* |
500 | 8 | ||||||
Koa |
1,600 | 33 | ||||||
Kobayashi Pharmaceutical |
2,500 | 179 | ||||||
Kobe Bussan |
500 | 23 | ||||||
Kobe Steel* |
5,600 | 56 | ||||||
Koei Tecmo Holdings |
2,100 | 41 | ||||||
Kohnan Shoji |
1,600 | 39 | ||||||
Koito Manufacturing |
3,000 | 211 | ||||||
Kokuyo |
4,300 | 84 | ||||||
Komatsu |
89,000 | 2,977 | ||||||
KOMEDA Holdings |
2,000 | 38 | ||||||
Komeri |
1,700 | 46 | ||||||
Komori |
3,000 | 38 | ||||||
Konami Holdings |
1,600 | 81 | ||||||
Konica Minolta |
8,100 | 69 | ||||||
Konishi |
1,700 | 27 | ||||||
Konoike Transport |
1,100 | 19 | ||||||
Kose |
1,200 | 253 | ||||||
Koshidaka Holdings |
500 | 35 | ||||||
Kotobuki Spirits |
1,000 | 53 | ||||||
K’s Holdings |
7,600 | 106 | ||||||
Kubota |
216,100 | 3,795 | ||||||
Kumagai Gumi |
1,800 | 57 | ||||||
Kumiai Chemical Industry |
4,800 | 29 | ||||||
Kura |
600 | 42 | ||||||
Kurabo Industries |
10,000 | 31 | ||||||
Kuraray |
6,900 | 120 | ||||||
Kureha |
800 | 53 | ||||||
Kurita Water Industries |
47,100 | 1,525 | ||||||
Kusuri no Aoki |
700 | 51 | ||||||
KYB |
1,000 | 47 | ||||||
Kyocera |
74,100 | 4,185 | ||||||
Kyodo Printing |
300 | 9 | ||||||
Kyoei Steel |
1,300 | 22 | ||||||
Kyokuto Kaihatsu Kogyo |
1,500 | 22 | ||||||
Kyokuto Securities |
700 | 10 | ||||||
KYORIN Holdings |
2,200 | 42 | ||||||
Kyoritsu Maintenance |
1,600 | 76 | ||||||
Kyowa Exeo |
4,500 | 121 | ||||||
Kyowa Hakko Kirin* |
5,100 | 111 | ||||||
Kyudenko |
2,100 | 103 | ||||||
Kyushu Electric Power |
8,400 | 102 | ||||||
Kyushu Financial Group |
6,700 | 34 | ||||||
Kyushu Railway |
3,100 | 97 | ||||||
LaSalle Logiport ‡ |
65 | 69 | ||||||
Lasertec |
2,000 | 73 | ||||||
Lawson |
1,900 | 130 | ||||||
Leopalace21 |
12,600 | 103 | ||||||
Life |
400 | 11 | ||||||
LIFULL |
2,400 | 21 | ||||||
LINE* |
800 | 32 | ||||||
Linical |
700 | 14 | ||||||
Link And Motivation |
1,500 | 18 | ||||||
Lintec |
2,500 | 72 | ||||||
Lion |
6,400 | 132 |
52
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
LIXIL Group |
27,700 | $ | 616 | |||||
LIXIL VIVA |
500 | 10 | ||||||
M&A Capital Partners* |
300 | 25 | ||||||
M3 |
3,900 | 180 | ||||||
Mabuchi Motor |
900 | 45 | ||||||
Macnica Fuji Electronics Holdings |
2,100 | 38 | ||||||
Macromill |
1,800 | 56 | ||||||
Maeda |
19,900 | 232 | ||||||
Maeda Kosen |
700 | 11 | ||||||
Maeda Road Construction |
3,000 | 60 | ||||||
Makino Milling Machine |
5,000 | 48 | ||||||
Makita |
4,800 | 237 | ||||||
Mandom |
2,500 | 88 | ||||||
Mani |
1,300 | 51 | ||||||
Mars Engineering |
500 | 12 | ||||||
Marubeni |
29,800 | 218 | ||||||
Marudai Food |
5,000 | 24 | ||||||
Maruha Nichiro |
2,100 | 66 | ||||||
Marui Group |
12,200 | 246 | ||||||
Maruichi Steel Tube |
1,200 | 37 | ||||||
Marusan Securities* |
3,500 | 34 | ||||||
Maruwa |
400 | 32 | ||||||
Maruwa Unyu Kikan |
500 | 15 | ||||||
Maruzen Showa Unyu |
2,000 | 10 | ||||||
Marvelous |
1,200 | 10 | ||||||
Matsui Securities |
6,300 | 57 | ||||||
Matsumotokiyoshi Holdings |
7,000 | 298 | ||||||
Matsuya |
1,200 | 17 | ||||||
Matsuya Foods |
300 | 11 | ||||||
Max |
1,000 | 13 | ||||||
Mazda Motor |
10,600 | 142 | ||||||
McDonald’s Holdings Japan |
1,200 | 57 | ||||||
MCJ |
1,400 | 18 | ||||||
MCUBS MidCity Investment ‡ |
75 | 55 | ||||||
Mebuki Financial Group |
17,200 | 67 | ||||||
Medipal Holdings |
3,100 | 65 | ||||||
Megachips* |
800 | 28 | ||||||
Megmilk Snow Brand |
2,500 | 68 | ||||||
Meidensha |
10,000 | 39 | ||||||
MEIJI Holdings |
3,400 | 261 | ||||||
Meiko Network Japan |
700 | 9 | ||||||
Meitec |
1,200 | 66 | ||||||
Melco Holdings |
300 | 10 | ||||||
Menicon |
1,000 | 25 | ||||||
METAWATER |
400 | 13 | ||||||
Micronics Japan* |
1,300 | 14 | ||||||
Milbon |
1,200 | 54 | ||||||
Mimasu Semiconductor Industry |
600 | 11 | ||||||
Minebea |
7,100 | 153 | ||||||
Ministop |
500 | 10 | ||||||
Miraca Holdings |
4,600 | 182 | ||||||
Mirait Holdings |
3,100 | 50 | ||||||
Miroku Jyoho Service |
800 | 23 | ||||||
MISUMI Group |
5,000 | 139 | ||||||
Mitsuba |
1,500 | 19 | ||||||
Mitsubishi |
47,160 | 1,270 | ||||||
Mitsubishi Chemical Holdings |
25,800 | 251 | ||||||
Mitsubishi Electric |
35,600 | 579 | ||||||
Mitsubishi Estate |
52,400 | 875 | ||||||
Mitsubishi Gas Chemical |
3,100 | 75 | ||||||
Mitsubishi Heavy Industries |
15,700 | 605 | ||||||
Mitsubishi Logisnext |
1,500 | 13 | ||||||
Mitsubishi Logistics |
11,500 | 242 |
Description | Shares | Value (000) | ||||||
Mitsubishi Materials |
1,900 | $ | 57 | |||||
Mitsubishi Motors |
13,200 | 95 | ||||||
Mitsubishi Pencil |
2,000 | 45 | ||||||
Mitsubishi Research Institute |
200 | 6 | ||||||
Mitsubishi Shokuhin |
900 | 26 | ||||||
Mitsubishi Steel Manufacturing |
1,000 | 23 | ||||||
Mitsubishi Tanabe Pharma |
4,400 | 88 | ||||||
Mitsubishi UFJ Financial Group |
263,700 | 1,751 | ||||||
Mitsubishi UFJ Lease & Finance |
8,100 | 49 | ||||||
Mitsuboshi Belting |
3,000 | 34 | ||||||
Mitsui |
31,400 | 542 | ||||||
Mitsui Chemicals |
3,200 | 102 | ||||||
Mitsui Engineering & Shipbuilding |
3,800 | 62 | ||||||
Mitsui Fudosan |
16,500 | 399 | ||||||
Mitsui Fudosan Logistics Park ‡ |
10 | 33 | ||||||
Mitsui High-Tec |
1,100 | 16 | ||||||
Mitsui Mining & Smelting |
2,900 | 129 | ||||||
Mitsui OSK Lines |
2,000 | 57 | ||||||
Mitsui Sugar |
700 | 27 | ||||||
Mitsui-Soko Holdings* |
4,000 | 13 | ||||||
Miura |
4,600 | 149 | ||||||
Mixi |
800 | 30 | ||||||
Miyazaki Bank |
800 | 25 | ||||||
Mizuho Financial Group |
713,000 | 1,298 | ||||||
Mizuno |
1,000 | 30 | ||||||
Mochida Pharmaceutical |
700 | 50 | ||||||
Modec |
800 | 19 | ||||||
Monex Group |
9,800 | 32 | ||||||
MonotaRO |
3,100 | 110 | ||||||
Mori Hills Investment ‡ |
77 | 97 | ||||||
Mori Trust Hotel ‡ |
10 | 13 | ||||||
Mori Trust Sogo ‡ |
48 | 71 | ||||||
Morinaga |
1,900 | 84 | ||||||
Morinaga Milk Industry |
1,800 | 73 | ||||||
Morita Holdings |
1,800 | 34 | ||||||
MOS Food Services |
1,600 | 48 | ||||||
MS&AD Insurance Group Holdings |
36,100 | 1,126 | ||||||
Murata Manufacturing |
3,500 | 484 | ||||||
Musashi Seimitsu Industry |
1,200 | 41 | ||||||
Musashino Bank |
1,500 | 48 | ||||||
Nabtesco* |
2,100 | 82 | ||||||
Nachi-Fujikoshi |
9,000 | 55 | ||||||
Nagaileben |
1,500 | 42 | ||||||
Nagase |
5,600 | 95 | ||||||
Nagatanien Holdings |
1,000 | 14 | ||||||
Nagoya Railroad |
3,200 | 82 | ||||||
Nakanishi |
3,600 | 73 | ||||||
Namco Bandai Holdings |
28,900 | 933 | ||||||
Namura Shipbuilding |
2,000 | 11 | ||||||
Nankai Electric Railway |
5,200 | 131 | ||||||
NanoCarrier* |
1,600 | 11 | ||||||
Nanto Bank |
1,500 | 41 | ||||||
NEC |
23,000 | 648 | ||||||
NEC Capital Solutions |
100 | 2 | ||||||
NEC Networks & System Integration |
1,400 | 36 | ||||||
NET One Systems |
4,200 | 62 | ||||||
Neturen |
1,100 | 11 | ||||||
Nexon* |
7,200 | 123 | ||||||
NGK Insulators |
5,200 | 90 | ||||||
NGK Spark Plug |
2,800 | 68 | ||||||
NH Foods |
4,500 | 185 | ||||||
NHK Spring |
10,800 | 116 |
53
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Nichias |
6,000 | $ | 76 | |||||
Nichicon |
2,500 | 29 | ||||||
Nichiden |
400 | 8 | ||||||
Nichiha |
1,400 | 53 | ||||||
NichiiGakkan |
1,500 | 17 | ||||||
Nichi-iko Pharmaceutical |
2,400 | 38 | ||||||
Nichirei |
5,900 | 161 | ||||||
Nidec |
4,400 | 679 | ||||||
Nifco |
4,200 | 142 | ||||||
Nihon Chouzai |
300 | 10 | ||||||
Nihon Kohden |
97,700 | 2,792 | ||||||
Nihon M&A Center |
6,600 | 229 | ||||||
Nihon Nohyaku |
1,800 | 11 | ||||||
Nihon Parkerizing |
5,000 | 83 | ||||||
Nihon Trim |
200 | 10 | ||||||
Nihon Unisys |
3,700 | 80 | ||||||
Nikkiso |
2,800 | 29 | ||||||
Nikkon Holdings |
2,800 | 74 | ||||||
Nikon |
31,600 | 573 | ||||||
Nintendo |
2,100 | 939 | ||||||
Nippo |
3,000 | 68 | ||||||
Nippon Accommodations Fund ‡ |
22 | 97 | ||||||
Nippon Beet Sugar Manufacturing |
200 | 4 | ||||||
Nippon Building Fund ‡ |
25 | 138 | ||||||
Nippon Ceramic |
1,100 | 30 | ||||||
Nippon Chemi-Con |
700 | 17 | ||||||
Nippon Denko |
4,800 | 15 | ||||||
Nippon Densetsu Kogyo |
1,800 | 35 | ||||||
Nippon Electric Glass |
1,400 | 41 | ||||||
Nippon Express |
1,400 | 93 | ||||||
Nippon Flour Mills |
2,800 | 44 | ||||||
Nippon Gas |
1,800 | 86 | ||||||
NIPPON Investment ‡ |
19 | 57 | ||||||
Nippon Kanzai |
600 | 12 | ||||||
Nippon Kayaku |
7,000 | 87 | ||||||
Nippon Koei |
500 | 15 | ||||||
Nippon Light Metal Holdings |
30,400 | 80 | ||||||
Nippon Paint Holdings |
3,200 | 118 | ||||||
Nippon Paper Industries |
5,400 | 100 | ||||||
Nippon Parking Development |
6,600 | 11 | ||||||
Nippon Prologis ‡ |
31 | 67 | ||||||
Nippon Road |
200 | 10 | ||||||
Nippon Seiki |
2,500 | 46 | ||||||
Nippon Sheet Glass* |
4,600 | 37 | ||||||
Nippon Shinyaku |
2,500 | 169 | ||||||
Nippon Shokubai |
1,300 | 90 | ||||||
Nippon Signal |
6,800 | 64 | ||||||
Nippon Soda |
6,000 | 34 | ||||||
Nippon Steel & Sumikin Bussan |
800 | 44 | ||||||
Nippon Steel & Sumitomo Metal |
14,300 | 314 | ||||||
Nippon Suisan Kaisha |
57,200 | 299 | ||||||
Nippon Telegraph & Telephone |
45,000 | 2,094 | ||||||
Nippon Television Holdings |
29,820 | 525 | ||||||
Nippon Thompson |
2,300 | 19 | ||||||
Nippon Yusen |
2,800 | 55 | ||||||
Nipro |
6,900 | 102 | ||||||
Nishimatsu Construction |
2,600 | 65 | ||||||
Nishimatsuya Chain |
2,500 | 28 | ||||||
Nishi-Nippon Financial Holdings |
7,000 | 83 | ||||||
Nishi-Nippon Railroad |
3,000 | 78 | ||||||
Nishio Rent All |
900 | 28 | ||||||
Nissan Chemical Industries* |
8,700 | 362 | ||||||
Nissan Motor |
43,400 | 450 |
Description | Shares | Value (000) | ||||||
Nissan Shatai |
4,100 | $ | 43 | |||||
Nissei ASB Machine |
400 | 28 | ||||||
Nissha |
1,800 | 48 | ||||||
Nisshin Oillio Group |
1,400 | 39 | ||||||
Nisshin Seifun Group |
3,400 | 68 | ||||||
Nisshin Steel |
2,500 | 30 | ||||||
Nisshinbo Holdings |
7,396 | 100 | ||||||
Nissin |
600 | 16 | ||||||
Nissin Electric |
2,600 | 24 | ||||||
Nissin Foods Holdings |
1,000 | 70 | ||||||
Nissin Kogyo |
2,000 | 35 | ||||||
Nitori Holdings |
1,500 | 263 | ||||||
Nitta |
1,200 | 45 | ||||||
Nittetsu Mining |
200 | 11 | ||||||
Nitto Boseki |
1,400 | 30 | ||||||
Nitto Denko |
5,100 | 386 | ||||||
Nitto Kogyo |
1,100 | 17 | ||||||
Nitto Kohki |
600 | 17 | ||||||
Nittoku Engineering |
1,600 | 60 | ||||||
Noevir Holdings |
800 | 59 | ||||||
NOF |
3,500 | 106 | ||||||
Nohmi Bosai |
1,200 | 26 | ||||||
Nojima |
1,400 | 34 | ||||||
NOK |
1,700 | 33 | ||||||
Nomura |
8,200 | 175 | ||||||
Nomura Holdings |
143,600 | 839 | ||||||
Nomura Real Estate Holdings |
2,400 | 56 | ||||||
Nomura Real Estate Master |
74 | 103 | ||||||
Nomura Research Institute |
4,000 | 189 | ||||||
Noritake |
500 | 22 | ||||||
Noritz |
1,600 | 29 | ||||||
North Pacific Bank |
14,600 | 49 | ||||||
NS Solutions |
1,900 | 54 | ||||||
NS United Kaiun Kaisha |
500 | 10 | ||||||
NSD |
2,200 | 45 | ||||||
NSK |
7,500 | 101 | ||||||
NTN |
21,000 | 88 | ||||||
NTT Data |
92,800 | 974 | ||||||
NTT DOCOMO |
33,700 | 860 | ||||||
NTT Urban Development |
37,200 | 455 | ||||||
NuFlare Technology |
200 | 13 | ||||||
Obara Group |
600 | 35 | ||||||
Obayashi |
84,900 | 935 | ||||||
Obic |
3,360 | 284 | ||||||
OBIC Business Consultants |
600 | 38 | ||||||
Odakyu Electric Railway |
5,700 | 116 | ||||||
Ogaki Kyoritsu Bank |
1,600 | 41 | ||||||
Ohsho Food Service |
1,000 | 49 | ||||||
Oiles |
700 | 15 | ||||||
Oita Bank |
800 | 30 | ||||||
Oji Holdings |
15,000 | 97 | ||||||
Okabe |
1,100 | 10 | ||||||
Okamoto Industries |
3,000 | 30 | ||||||
Okamura |
3,400 | 46 | ||||||
Okasan Securities Group |
8,000 | 48 | ||||||
Oki Electric Industry |
4,400 | 58 | ||||||
Okinawa Electric Power |
1,920 | 54 | ||||||
OKUMA |
1,200 | 71 | ||||||
Okumura |
1,600 | 63 | ||||||
Okuwa |
1,000 | 10 | ||||||
Olympus |
83,400 | 3,181 | ||||||
Omron |
82,200 | 4,831 | ||||||
OncoTherapy Science* |
5,000 | 10 |
54
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Ono Pharmaceutical |
7,400 | $ | 238 | |||||
Onward Holdings |
28,600 | 249 | ||||||
Open House |
1,700 | 105 | ||||||
Optex Group |
1,200 | 31 | ||||||
Oracle Japan* |
1,200 | 100 | ||||||
Orient |
21,900 | 35 | ||||||
Oriental Land |
4,100 | 421 | ||||||
ORIX |
24,500 | 441 | ||||||
Orix JREIT ‡ |
129 | 201 | ||||||
Osaka Gas |
7,000 | 139 | ||||||
Osaka Soda |
800 | 21 | ||||||
Osaka Steel |
1,000 | 20 | ||||||
OSAKA Titanium Technologies |
700 | 13 | ||||||
Osaki Electric |
1,500 | 11 | ||||||
OSG |
3,800 | 87 | ||||||
OSJB Holdings |
4,700 | 13 | ||||||
Otsuka |
1,800 | 92 | ||||||
Otsuka Holdings* |
12,600 | 633 | ||||||
Outsourcing* |
4,000 | 70 | ||||||
Oyo |
700 | 10 | ||||||
Pacific Industrial |
2,400 | 32 | ||||||
Pacific Metals* |
700 | 21 | ||||||
Pack |
500 | 19 | ||||||
PAL GROUP Holdings |
400 | 11 | ||||||
PALTAC |
1,400 | 77 | ||||||
Panasonic |
41,100 | 589 | ||||||
Paramount Bed Holdings |
900 | 46 | ||||||
Parco |
800 | 11 | ||||||
Park24 |
1,800 | 49 | ||||||
Pasona Group |
400 | 9 | ||||||
PC Depot |
1,400 | 9 | ||||||
Penta-Ocean Construction |
14,300 | 106 | ||||||
Pepper Food Service |
700 | 32 | ||||||
PeptiDream* |
3,900 | 214 | ||||||
Persol Holdings |
9,500 | 276 | ||||||
PIA |
100 | - | ||||||
Pigeon |
6,000 | 272 | ||||||
Pilot |
1,800 | 101 | ||||||
Piolax |
1,400 | 37 | ||||||
Pioneer* |
15,600 | 26 | ||||||
Plenus |
1,000 | 19 | ||||||
Pola Orbis Holdings |
1,600 | 67 | ||||||
Premier Investment ‡ |
74 | 78 | ||||||
Press Kogyo |
5,300 | 32 | ||||||
Pressance |
2,000 | 30 | ||||||
Prestige International |
2,000 | 24 | ||||||
Prima Meat Packers |
7,000 | 40 | ||||||
Proto |
600 | 9 | ||||||
Qol |
600 | 12 | ||||||
Raito Kogyo |
2,600 | 28 | ||||||
Rakuten |
17,900 | 148 | ||||||
Recruit Holdings |
29,600 | 737 | ||||||
Relia |
1,700 | 21 | ||||||
Relo Group |
5,600 | 157 | ||||||
Renesas Electronics* |
49,200 | 496 | ||||||
Rengo |
9,100 | 79 | ||||||
Resona Holdings |
227,240 | 1,221 | ||||||
Resorttrust |
4,200 | 89 | ||||||
Ricoh |
68,800 | 678 | ||||||
Ricoh Leasing |
900 | 30 | ||||||
Riken |
500 | 28 | ||||||
Riken Keiki |
200 | - | ||||||
Riken Vitamin |
300 | 12 |
Description | Shares | Value (000) | ||||||
Ringer Hut |
1,100 | $ | 26 | |||||
Rinnai |
1,000 | 95 | ||||||
Riso Kagaku |
1,300 | 24 | ||||||
Rock Field |
700 | 15 | ||||||
Rohm |
1,700 | 161 | ||||||
Rohto Pharmaceutical |
5,000 | 141 | ||||||
Rokko Butter |
500 | 11 | ||||||
Roland DG |
500 | 11 | ||||||
Round One |
3,500 | 56 | ||||||
Royal Holdings* |
1,600 | 43 | ||||||
Ryobi |
1,400 | 37 | ||||||
Ryohin Keikaku |
900 | 302 | ||||||
Ryosan |
1,300 | 47 | ||||||
Ryoyo Electro |
800 | 13 | ||||||
S Foods |
700 | 29 | ||||||
Sac’s Bar Holdings |
800 | 9 | ||||||
Saizeriya |
1,500 | 43 | ||||||
Sakai Chemical Industry |
600 | 16 | ||||||
Sakai Moving Service |
500 | 26 | ||||||
Sakata INX |
2,000 | 30 | ||||||
Sakata Seed |
1,600 | 56 | ||||||
San ju San Financial Group* |
300 | - | ||||||
San-A, Cl A |
1,000 | 58 | ||||||
San-Ai Oil |
2,800 | 41 | ||||||
SanBio* |
800 | 25 | ||||||
Sanden Holdings* |
1,000 | 14 | ||||||
Sangetsu |
3,300 | 68 | ||||||
San-In Godo Bank |
7,700 | 69 | ||||||
Sanken Electric |
6,000 | 45 | ||||||
Sanki Engineering |
1,800 | 20 | ||||||
Sankyo |
800 | 28 | ||||||
Sankyo Tateyama |
800 | 12 | ||||||
Sankyu |
2,600 | 130 | ||||||
Sanrio |
2,600 | 47 | ||||||
Santen Pharmaceutical |
7,100 | 119 | ||||||
Sanwa Holdings |
10,300 | 133 | ||||||
Sanyo Chemical Industries |
700 | 33 | ||||||
Sanyo Denki |
400 | 31 | ||||||
Sanyo Special Steel |
1,200 | 30 | ||||||
Sapporo Holdings |
3,400 | 100 | ||||||
Sato Holdings |
1,400 | 45 | ||||||
Sawai Pharmaceutical |
3,600 | 159 | ||||||
SBI Holdings |
3,500 | 82 | ||||||
SCREEN Holdings |
2,100 | 191 | ||||||
SCSK |
6,200 | 269 | ||||||
Secom |
8,300 | 618 | ||||||
Sega Sammy Holdings |
3,200 | 52 | ||||||
Seibu Holdings |
4,400 | 77 | ||||||
Seikagaku |
2,100 | 38 | ||||||
Seiko Epson |
5,500 | 95 | ||||||
Seiko Holdings |
1,600 | 38 | ||||||
Seino Holdings |
7,000 | 130 | ||||||
Seiren |
2,500 | 46 | ||||||
Sekisui Chemical |
20,700 | 363 | ||||||
Sekisui House ‡ |
50 | 67 | ||||||
Sekisui House |
10,700 | 197 | ||||||
Sekisui House Residential Investment ‡ |
55 | 60 | ||||||
Sekisui Jushi |
2,200 | 48 | ||||||
Sekisui Plastics |
1,000 | 11 | ||||||
Senko |
14,200 | 111 | ||||||
Senshu Ikeda Holdings |
13,300 | 51 | ||||||
Septeni Holdings |
3,700 | 13 |
55
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Seria |
1,900 | $ | 94 | |||||
Seven & i Holdings |
35,100 | 1,509 | ||||||
Seven Bank |
10,700 | 34 | ||||||
Sharp* |
2,700 | 81 | ||||||
Shibuya |
800 | 29 | ||||||
Shiga Bank |
12,000 | 61 | ||||||
Shikoku Bank |
2,400 | 34 | ||||||
Shikoku Chemicals |
2,000 | 30 | ||||||
Shikoku Electric Power |
8,600 | 104 | ||||||
Shima Seiki Manufacturing |
1,200 | 84 | ||||||
Shimachu |
2,300 | 73 | ||||||
Shimadzu |
7,700 | 213 | ||||||
Shimamura |
400 | 50 | ||||||
Shimano |
1,900 | 275 | ||||||
Shimizu |
50,700 | 453 | ||||||
Shindengen Electric Manufacturing |
400 | 26 | ||||||
Shin-Etsu Chemical |
37,000 | 3,868 | ||||||
Shin-Etsu Polymer |
1,700 | 18 | ||||||
Shinko Electric Industries |
3,600 | 27 | ||||||
Shinko Plantech |
1,300 | 12 | ||||||
Shinmaywa Industries |
4,000 | 33 | ||||||
Shinnihon |
1,300 | 14 | ||||||
Shinsei Bank |
2,800 | 44 | ||||||
Shionogi |
5,360 | 279 | ||||||
Ship Healthcare Holdings |
2,400 | 86 | ||||||
Shiseido* |
9,300 | 602 | ||||||
Shizuoka Bank |
9,000 | 87 | ||||||
Shizuoka Gas |
2,800 | 25 | ||||||
SHO-BOND Holdings |
2,400 | 179 | ||||||
Shochiku |
600 | 85 | ||||||
Shoei Foods |
500 | 19 | ||||||
Showa |
2,400 | 41 | ||||||
Showa Denko |
6,900 | 288 | ||||||
Showa Sangyo |
1,200 | 31 | ||||||
Showa Shell Sekiyu |
3,500 | 48 | ||||||
Siix |
1,600 | 34 | ||||||
Sinfonia Technology |
2,000 | 7 | ||||||
Sinko Industries |
1,100 | 17 | ||||||
Sintokogio |
1,700 | 18 | ||||||
SKY Perfect JSAT Holdings |
7,800 | 35 | ||||||
Skylark |
5,300 | 76 | ||||||
SMC |
1,100 | 450 | ||||||
SMK |
2,000 | 8 | ||||||
SMS |
1,700 | 73 | ||||||
Sodick |
2,200 | 29 | ||||||
SoftBank Group |
19,400 | 1,451 | ||||||
Sogo Medical |
1,000 | 28 | ||||||
Sohgo Security Services |
1,900 | 93 | ||||||
Sojitz |
62,300 | 199 | ||||||
Solasto |
600 | 16 | ||||||
Sompo Holdings |
19,900 | 805 | ||||||
Sony |
27,900 | 1,364 | ||||||
Sony Financial Holdings |
6,000 | 110 | ||||||
Sosei Group* |
800 | 66 | ||||||
Sotetsu Holdings |
3,800 | 102 | ||||||
Sparx Group |
5,200 | 14 | ||||||
Square Enix Holdings |
4,400 | 199 | ||||||
ST |
300 | 6 | ||||||
St. Marc Holdings |
1,100 | 32 | ||||||
Stanley Electric |
2,800 | 106 | ||||||
Star Micronics |
1,600 | 30 | ||||||
Start Today |
3,300 | 86 | ||||||
Starts |
1,600 | 44 |
Description | Shares | Value (000) | ||||||
Starzen |
200 | $ | 10 | |||||
Stella Chemifa |
400 | 12 | ||||||
Studio Alice* |
400 | 10 | ||||||
Sugi Holdings |
1,900 | 107 | ||||||
SUMCO |
4,200 | 110 | ||||||
Sumitomo |
22,300 | 374 | ||||||
Sumitomo Bakelite |
9,000 | 80 | ||||||
Sumitomo Chemical |
38,200 | 223 | ||||||
Sumitomo Dainippon Pharma |
13,800 | 231 | ||||||
Sumitomo Densetsu |
600 | 12 | ||||||
Sumitomo Electric Industries |
20,000 | 306 | ||||||
Sumitomo Forestry |
6,900 | 112 | ||||||
Sumitomo Heavy Industries |
2,000 | 77 | ||||||
Sumitomo Metal Mining |
4,500 | 187 | ||||||
Sumitomo Mitsui Construction |
8,440 | 50 | ||||||
Sumitomo Mitsui Financial Group |
59,500 | 2,524 | ||||||
Sumitomo Mitsui Trust Holdings |
11,400 | 467 | ||||||
Sumitomo Osaka Cement |
19,000 | 84 | ||||||
Sumitomo Realty & Development |
7,000 | 262 | ||||||
Sumitomo Riko |
2,200 | 22 | ||||||
Sumitomo Rubber Industries |
3,100 | 57 | ||||||
Sumitomo Seika Chemicals |
400 | 19 | ||||||
Sumitomo Warehouse |
7,000 | 47 | ||||||
Sun Frontier Fudousan |
1,000 | 11 | ||||||
Sundrug |
2,300 | 108 | ||||||
Suntory Beverage & Food |
6,200 | 303 | ||||||
Suruga Bank |
3,000 | 42 | ||||||
Sushiro Global Holdings* |
800 | 39 | ||||||
Suzuken |
1,300 | 55 | ||||||
Suzuki Motor |
6,500 | 353 | ||||||
Sysmex |
3,020 | 279 | ||||||
Systena |
700 | 28 | ||||||
T Hasegawa |
600 | 11 | ||||||
T&D Holdings |
13,000 | 208 | ||||||
Tachi-S, Cl S |
1,800 | 32 | ||||||
Tadano |
5,200 | 79 | ||||||
Taihei Dengyo Kaisha |
1,000 | 25 | ||||||
Taiheiyo Cement |
2,200 | 80 | ||||||
Taiho Kogyo, Cl A |
700 | 10 | ||||||
Taikisha |
1,400 | 46 | ||||||
Taisei |
3,700 | 190 | ||||||
Taisho Pharmaceutical Holdings |
600 | 59 | ||||||
Taiyo Holdings |
900 | 39 | ||||||
Taiyo Nippon Sanso* |
2,000 | 30 | ||||||
Taiyo Yuden |
5,500 | 93 | ||||||
Takamatsu Construction Group |
400 | 11 | ||||||
Takara Bio |
2,600 | 53 | ||||||
Takara Holdings |
8,300 | 92 | ||||||
Takara Leben |
3,200 | 14 | ||||||
Takara Standard |
2,100 | 36 | ||||||
Takasago International |
700 | 21 | ||||||
Takasago Thermal Engineering |
2,700 | 50 | ||||||
Takashimaya |
5,000 | 48 | ||||||
Takeda Pharmaceutical |
13,100 | 638 | ||||||
Takeuchi Manufacturing |
1,800 | 40 | ||||||
Takuma |
4,100 | 45 | ||||||
Tamron |
600 | 13 | ||||||
Tanseisha |
1,400 | 17 | ||||||
Tatsuta Electric Wire and Cable |
1,700 | 10 | ||||||
Tayca |
500 | 13 | ||||||
TDK |
4,200 | 375 | ||||||
TechnoPro Holdings |
4,700 | 284 | ||||||
Teijin |
3,300 | 63 |
56
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Teikoku Sen-I, Cl I |
800 | $ | 15 | |||||
Tekken |
400 | 12 | ||||||
Tenma |
1,000 | 19 | ||||||
Terumo |
114,200 | 5,958 | ||||||
T-Gaia |
1,100 | 31 | ||||||
THK |
2,100 | 88 | ||||||
TIS |
4,100 | 164 | ||||||
TKC |
1,200 | 49 | ||||||
Toa |
500 | 11 | ||||||
Toagosei |
5,800 | 69 | ||||||
Tobu Railway |
3,800 | 116 | ||||||
TOC |
3,100 | 26 | ||||||
Tocalo |
2,400 | 29 | ||||||
Tochigi Bank |
5,300 | 21 | ||||||
Toda |
11,000 | 80 | ||||||
Toei |
400 | 43 | ||||||
Toei Animation |
600 | 20 | ||||||
Toenec |
400 | 12 | ||||||
Toho |
3,100 | 103 | ||||||
Toho Bank |
11,700 | 45 | ||||||
Toho Gas |
1,400 | 44 | ||||||
Toho Holdings |
2,500 | 60 | ||||||
Toho Titanium |
1,400 | 16 | ||||||
Toho Zinc |
600 | 28 | ||||||
Tohoku Electric Power |
52,600 | 714 | ||||||
Tokai |
800 | 17 | ||||||
Tokai Carbon |
9,700 | 145 | ||||||
TOKAI Holdings |
4,700 | 47 | ||||||
Tokai Rika |
2,800 | 57 | ||||||
Tokai Tokyo Financial Holdings |
11,400 | 79 | ||||||
Token |
400 | 40 | ||||||
Tokio Marine Holdings |
21,100 | 959 | ||||||
Tokushu Tokai Paper |
300 | 12 | ||||||
Tokuyama |
3,200 | 102 | ||||||
Tokyo Broadcasting System |
||||||||
Holdings |
2,000 | 43 | ||||||
Tokyo Century |
2,100 | 132 | ||||||
Tokyo Dome |
4,800 | 46 | ||||||
Tokyo Electric Power Holdings* |
28,300 | 111 | ||||||
Tokyo Electron |
3,900 | 719 | ||||||
Tokyo Gas |
12,600 | 337 | ||||||
Tokyo Ohka Kogyo |
1,900 | 69 | ||||||
Tokyo Seimitsu |
2,000 | 81 | ||||||
Tokyo Steel Manufacturing |
4,700 | 38 | ||||||
Tokyo Tatemono |
3,800 | 58 | ||||||
Tokyo TY Financial Group |
1,400 | 34 | ||||||
Tokyotokeiba |
700 | 26 | ||||||
Tokyu ‡ |
49 | 67 | ||||||
Tokyu |
10,200 | 161 | ||||||
Tokyu Construction |
4,500 | 49 | ||||||
Tokyu Fudosan Holdings |
9,000 | 65 | ||||||
TOMONY Holdings |
7,000 | 32 | ||||||
Tomy |
4,500 | 46 | ||||||
Topcon |
5,300 | 104 | ||||||
Toppan Forms |
3,100 | 34 | ||||||
Toppan Printing |
9,000 | 74 | ||||||
Topre |
1,800 | 53 | ||||||
Topy Industries |
800 | 23 | ||||||
Toray Industries |
80,700 | 768 | ||||||
Toridoll Holdings |
1,100 | 41 | ||||||
Torii Pharmaceutical |
500 | 13 | ||||||
Tosei |
1,200 | 14 | ||||||
Toshiba* |
122,000 | 355 |
Description | Shares | Value (000) | ||||||
Toshiba Machine |
7,000 | $ | 49 | |||||
Toshiba Plant Systems & Services |
2,400 | 53 | ||||||
Toshiba TEC |
7,000 | 42 | ||||||
Tosho |
600 | 23 | ||||||
Tosoh |
5,700 | 113 | ||||||
Totetsu Kogyo |
1,400 | 44 | ||||||
TOTO |
2,600 | 136 | ||||||
Towa Bank |
2,000 | 27 | ||||||
Towa Pharmaceutical |
500 | 32 | ||||||
Toyo Construction |
4,300 | 20 | ||||||
Toyo Engineering* |
1,000 | 10 | ||||||
Toyo Ink SC Holdings |
11,000 | 69 | ||||||
Toyo Kanetsu |
300 | 9 | ||||||
Toyo Kohan |
2,100 | 14 | ||||||
Toyo Seikan Group Holdings |
21,000 | 313 | ||||||
Toyo Suisan Kaisha |
9,500 | 376 | ||||||
Toyo Tanso |
500 | 16 | ||||||
Toyo Tire & Rubber |
5,400 | 93 | ||||||
Toyobo |
4,500 | 89 | ||||||
Toyoda Gosei |
1,100 | 25 | ||||||
Toyota Boshoku |
3,600 | 74 | ||||||
Toyota Industries |
4,000 | 242 | ||||||
Toyota Motor |
91,300 | 5,944 | ||||||
Toyota Tsusho |
3,900 | 132 | ||||||
TPR |
1,200 | 34 | ||||||
Trancom |
300 | 21 | ||||||
Transcosmos* |
1,100 | 28 | ||||||
Trend Micro |
4,100 | 242 | ||||||
Trusco Nakayama |
2,100 | 52 | ||||||
Trust Tech |
100 | - | ||||||
TS Tech |
2,500 | 100 | ||||||
TSI Holdings |
4,000 | 29 | ||||||
Tsubaki Nakashima |
3,300 | 86 | ||||||
Tsubakimoto Chain |
7,000 | 57 | ||||||
Tsugami |
3,000 | 39 | ||||||
Tsukishima Kikai |
1,700 | 24 | ||||||
Tsukuba Bank |
3,100 | 10 | ||||||
Tsukui |
2,100 | 16 | ||||||
Tsumura |
3,000 | 105 | ||||||
Tsuruha Holdings |
700 | 101 | ||||||
Tsurumi Manufacturing |
600 | 11 | ||||||
TV Asahi Holdings |
1,200 | 26 | ||||||
UACJ |
1,700 | 44 | ||||||
Ube Industries |
5,500 | 162 | ||||||
UKC Holdings |
600 | 12 | ||||||
Ulvac |
2,000 | 115 | ||||||
Unicharm* |
7,300 | 212 | ||||||
Union Tool |
300 | 11 | ||||||
Unipres |
2,100 | 48 | ||||||
UNITED |
500 | 20 | ||||||
United Arrows |
1,200 | 45 | ||||||
United Super Markets Holdings |
2,900 | 31 | ||||||
United Urban Investment ‡ |
60 | 94 | ||||||
Unitika* |
2,500 | 16 | ||||||
Universal Entertainment* |
1,200 | 55 | ||||||
Unizo Holdings |
900 | 22 | ||||||
Ushio |
11,700 | 157 | ||||||
USS |
5,100 | 105 | ||||||
UT Group* |
2,200 | 72 | ||||||
V Technology |
200 | 59 | ||||||
Valor Holdings |
2,000 | 54 | ||||||
Vector* |
1,000 | 23 | ||||||
Vital KSK Holdings |
1,200 | 12 |
57
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
VT Holdings |
3,200 | $ | 17 | |||||
Wacoal Holdings |
2,500 | 73 | ||||||
Wacom* |
7,300 | 36 | ||||||
Wakita |
1,600 | 18 | ||||||
Warabeya Nichiyo Holdings |
400 | 10 | ||||||
WATAMI |
800 | 10 | ||||||
Welcia Holdings |
2,300 | 104 | ||||||
West Japan Railway |
22,200 | 1,574 | ||||||
World Holdings |
200 | 9 | ||||||
Wowow |
100 | 3 | ||||||
W-Scope |
1,300 | 18 | ||||||
Xebio Holdings |
1,400 | 28 | ||||||
Yahagi Construction |
1,200 | 9 | ||||||
Yahoo Japan |
27,500 | 130 | ||||||
Yakult Honsha |
2,100 | 157 | ||||||
Yakuodo |
400 | 15 | ||||||
YAMABIKO |
1,600 | 21 | ||||||
Yamada Denki |
83,800 | 508 | ||||||
Yamagata Bank |
1,600 | 36 | ||||||
Yamaguchi Financial Group |
4,000 | 50 | ||||||
Yamaha |
3,200 | 140 | ||||||
Yamaha Motor |
5,400 | 161 | ||||||
YA-MAN |
1,100 | 26 | ||||||
Yamanashi Chuo Bank |
8,000 | 33 | ||||||
Yamato Holdings |
20,720 | 521 | ||||||
Yamato Kogyo |
2,000 | 55 | ||||||
Yamazaki Baking |
2,300 | 48 | ||||||
Yamazen |
3,200 | 33 | ||||||
Yaoko |
1,100 | 59 | ||||||
Yaskawa Electric |
4,800 | 221 | ||||||
Yellow Hat |
600 | 18 | ||||||
Yodogawa Steel Works |
1,200 | 32 | ||||||
Yokogawa Bridge Holdings |
1,300 | 28 | ||||||
Yokogawa Electric |
3,900 | 79 | ||||||
Yokohama Reito |
1,200 | 12 | ||||||
Yokohama Rubber* |
2,000 | 46 | ||||||
Yondoshi Holdings |
700 | 18 | ||||||
Yonex |
2,800 | 16 | ||||||
Yorozu |
700 | 12 | ||||||
Yoshinoya Holdings |
3,400 | 68 | ||||||
Yuasa Trading* |
1,000 | 33 | ||||||
Yume No. Machi Souzou Iinkai |
600 | 13 | ||||||
Yumeshin Holdings |
1,500 | 17 | ||||||
Yurtec |
2,100 | 17 | ||||||
Yushin Precision Equipment |
800 | 13 | ||||||
Zenkoku Hosho |
2,400 | 105 | ||||||
Zenrin |
1,950 | 41 | ||||||
Zensho Holdings |
4,900 | 113 | ||||||
Zeon |
8,700 | 127 | ||||||
ZERIA Pharmaceutical |
1,700 | 34 | ||||||
ZIGExN* |
2,500 | 23 | ||||||
Zojirushi |
2,400 | 35 | ||||||
|
|
|||||||
218,820 | ||||||||
|
|
|||||||
Kenya – 0.0% |
||||||||
East African Breweries |
70,678 | 186 | ||||||
Equity Group Holdings |
275,700 | 147 | ||||||
|
|
|||||||
333 | ||||||||
|
|
|||||||
Luxembourg – 0.1% |
||||||||
O’Key Group GDR |
54,998 | 110 | ||||||
RTL Group |
702 | 58 |
Description | Shares | Value (000) | ||||||
Ternium ADR |
46,079 | $ | 1,497 | |||||
|
|
|||||||
1,665 | ||||||||
|
|
|||||||
Malaysia – 0.3% |
||||||||
Allianz Malaysia |
7,300 | 22 | ||||||
Brem Holding |
213,616 | 49 | ||||||
Heineken Malaysia |
10,000 | 54 | ||||||
Hong Leong Bank |
17,900 | 87 | ||||||
Hong Leong Industries |
5,500 | 16 | ||||||
Insas |
330,800 | 71 | ||||||
Kenanga Investment Bank |
85,500 | 13 | ||||||
KSL Holdings* |
551,500 | 134 | ||||||
Lion Industries* |
217,100 | 51 | ||||||
Malayan Banking |
193,300 | 526 | ||||||
Malaysia Airports Holdings |
85,700 | 197 | ||||||
Malaysian Pacific Industries |
29,400 | 66 | ||||||
MISC |
92,100 | 168 | ||||||
Nestle Malaysia |
1,600 | 63 | ||||||
Padini Holdings |
564,500 | 634 | ||||||
Petron Malaysia Refining & Marketing |
121,500 | 271 | ||||||
Petronas Chemicals Group |
286,200 | 605 | ||||||
Shell Refining Federation of Malaya |
63,000 | 125 | ||||||
Tenaga Nasional |
108,400 | 453 | ||||||
Tropicana |
47 | - | ||||||
Uchi Technologies |
119,200 | 82 | ||||||
Unisem |
1,138,600 | 725 | ||||||
ViTrox |
67,000 | 94 | ||||||
|
|
|||||||
4,506 | ||||||||
|
|
|||||||
Mexico – 0.4% |
||||||||
Fomento Economico Mexicano ADR |
2,358 | 216 | ||||||
Grupo Aeroportuario del Pacifico, Cl B |
80,400 | 794 | ||||||
Grupo Elektra DE |
6,636 | 186 | ||||||
Grupo Financiero Banorte, Cl O |
374,800 | 2,292 | ||||||
Grupo Financiero Inbursa, Cl O |
175,720 | 291 | ||||||
Grupo Lala, Cl B |
276,826 | 377 | ||||||
Grupo Televisa ADR |
37,304 | 595 | ||||||
Industrias Bachoco |
58,034 | 304 | ||||||
Nemak (A) |
550,331 | 452 | ||||||
Vitro |
18,814 | 62 | ||||||
|
|
|||||||
5,569 | ||||||||
|
|
|||||||
Netherlands – 3.2% |
||||||||
Aalberts Industries |
5,022 | 257 | ||||||
ABN AMRO Group (A) |
8,127 | 244 | ||||||
Accell Group |
1,190 | 26 | ||||||
Aegon |
34,253 | 231 | ||||||
AerCap Holdings* |
2,602 | 132 | ||||||
Akzo Nobel |
61,356 | 5,807 | ||||||
Altice, Cl A* |
10,860 | 90 | ||||||
AMG Advanced Metallurgical Group |
1,376 | 62 | ||||||
APERAM |
2,673 | 128 | ||||||
Arcadis |
3,785 | 75 | ||||||
ArcelorMittal |
30,733 | 979 | ||||||
ASM International |
2,389 | 175 | ||||||
ASML Holding |
9,190 | 1,827 | ||||||
ASR Nederland |
7,417 | 318 | ||||||
Basic-Fit* (A) |
1,573 | 46 |
58
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
BE Semiconductor Industries |
1,849 | $ | 190 | |||||
BinckBank |
1,954 | 11 | ||||||
Boskalis Westminster |
180,762 | 5,302 | ||||||
Brunel International |
766 | 14 | ||||||
Coca-Cola European Partners |
3,170 | 132 | ||||||
Corbion |
2,960 | 90 | ||||||
Eurocommercial Properties ‡ |
2,862 | 118 | ||||||
Euronext (A) |
2,875 | 212 | ||||||
Flow Traders (A) |
1,443 | 61 | ||||||
ForFarmers |
816 | 11 | ||||||
Fugro* |
92,986 | 1,236 | ||||||
Galapagos* |
2,165 | 217 | ||||||
Gemalto* |
4,382 | 268 | ||||||
Heineken |
18,311 | 1,973 | ||||||
Heineken Holding |
2,217 | 228 | ||||||
IMCD Group |
2,653 | 164 | ||||||
ING Groep |
421,187 | 7,136 | ||||||
Intertrust (A) |
3,412 | 71 | ||||||
Kendrion |
579 | 24 | ||||||
Koninklijke Ahold Delhaize |
57,120 | 1,358 | ||||||
Koninklijke BAM Groep |
10,282 | 48 | ||||||
Koninklijke DSM |
3,371 | 336 | ||||||
Koninklijke KPN |
276,502 | 832 | ||||||
Koninklijke Philips |
40,243 | 1,543 | ||||||
Koninklijke Volkerwessels |
2,661 | 73 | ||||||
Koninklijke Vopak |
1,277 | 63 | ||||||
NN Group |
5,879 | 262 | ||||||
NSI ‡ |
1,170 | 49 | ||||||
OCI* |
3,700 | 86 | ||||||
Philips Lighting (A) |
5,747 | 216 | ||||||
PostNL |
20,980 | 79 | ||||||
Randstad Holding |
64,132 | 4,239 | ||||||
RELX |
160,296 | 3,325 | ||||||
Royal Dutch Shell, Cl A |
20,877 | 665 | ||||||
SBM Offshore |
254,585 | 4,084 | ||||||
SIF Holding |
523 | 12 | ||||||
Takeaway.com* (A) |
943 | 50 | ||||||
TKH Group |
1,987 | 128 | ||||||
TomTom* |
6,266 | 58 | ||||||
Unibail-Rodamco ‡ |
1,846 | 422 | ||||||
Unilever |
30,620 | 1,722 | ||||||
Vastned Retail ‡ |
1,155 | 55 | ||||||
Wereldhave ‡ |
2,081 | 80 | ||||||
Wessanen |
3,888 | 78 | ||||||
Wolters Kluwer |
5,552 | 295 | ||||||
|
|
|||||||
48,013 | ||||||||
|
|
|||||||
New Zealand – 0.2% |
||||||||
a2 Milk* |
32,914 | 296 | ||||||
Air New Zealand |
27,934 | 66 | ||||||
Argosy Property |
42,827 | 31 | ||||||
Auckland International Airport |
16,577 | 73 | ||||||
Chorus |
21,743 | 63 | ||||||
Contact Energy |
46,285 | 177 | ||||||
Fisher & Paykel Healthcare |
10,108 | 97 | ||||||
Fletcher Building |
12,176 | 53 | ||||||
Freightways |
9,444 | 52 | ||||||
Genesis Energy |
25,186 | 43 | ||||||
Goodman Property Trust ‡ |
49,179 | 47 | ||||||
Infratil |
22,938 | 51 | ||||||
Kiwi Property Group ‡ |
71,972 | 70 | ||||||
Mercury NZ |
10,455 | 24 | ||||||
Meridian Energy |
24,236 | 50 |
Description | Shares | Value (000) | ||||||
Metlifecare |
9,307 | $ | 39 | |||||
New Zealand Refining |
7,242 | 12 | ||||||
Precinct Properties New |
53,513 | 50 | ||||||
Ryman Healthcare |
7,269 | 56 | ||||||
SKY Network Television |
143,782 | 238 | ||||||
SKYCITY Entertainment Group |
34,982 | 99 | ||||||
Spark New Zealand |
138,866 | 336 | ||||||
Summerset Group Holdings |
10,884 | 55 | ||||||
Trade Me Group |
22,642 | 73 | ||||||
Z Energy |
18,164 | 92 | ||||||
|
|
|||||||
2,243 | ||||||||
|
|
|||||||
Norway – 0.8% |
||||||||
Akastor* |
6,259 | 12 | ||||||
Aker, Cl A |
1,293 | 73 | ||||||
Aker BP |
5,618 | 152 | ||||||
Aker Solutions* |
7,544 | 41 | ||||||
Atea |
4,074 | 67 | ||||||
Austevoll Seafood |
4,906 | 49 | ||||||
Axactor* |
62,022 | 21 | ||||||
B2Holding |
7,247 | 18 | ||||||
Bakkafrost P |
20,558 | 1,132 | ||||||
Borr Drilling* |
19,296 | 96 | ||||||
Borregaard |
5,268 | 50 | ||||||
BW LPG* (A) |
3,303 | 15 | ||||||
BW Offshore* |
4,079 | 22 | ||||||
DNB |
37,670 | 732 | ||||||
DNO* |
32,542 | 51 | ||||||
Entra (A) |
5,500 | 75 | ||||||
Europris (A) |
9,027 | 29 | ||||||
Evry (A) |
5,654 | 22 | ||||||
Frontline* |
3,849 | 17 | ||||||
Gaming Innovation Group* |
15,179 | 12 | ||||||
Gjensidige Forsikring |
3,498 | 64 | ||||||
Golden Ocean Group |
3,874 | 31 | ||||||
Grieg Seafood* |
2,312 | 21 | ||||||
Hexagon Composites |
3,456 | 10 | ||||||
Hoegh LNG Holdings |
2,572 | 14 | ||||||
IDEX* |
20,459 | 11 | ||||||
Kongsberg Automotive* |
22,873 | 26 | ||||||
Leroy Seafood Group |
15,607 | 97 | ||||||
Marine Harvest |
7,711 | 155 | ||||||
Nordic Nanovector* |
1,782 | 11 | ||||||
Nordic Semiconductor* |
6,624 | 40 | ||||||
Norsk Hydro |
24,477 | 143 | ||||||
Norway Royal Salmon |
572 | 12 | ||||||
Norwegian Air Shuttle* |
1,343 | 29 | ||||||
Norwegian Finans Holding* |
5,293 | 60 | ||||||
Norwegian Property |
7,924 | 10 | ||||||
Ocean Yield |
1,825 | 15 | ||||||
Odfjell Drilling* |
1,699 | 7 | ||||||
Opera Software* |
5,434 | 12 | ||||||
Orkla |
14,311 | 154 | ||||||
Petroleum Geo-Services* |
15,069 | 47 | ||||||
Protector Forsikring* |
3,416 | 37 | ||||||
REC Silicon* |
90,910 | 17 | ||||||
Salmar |
2,642 | 109 | ||||||
Sbanken (A) |
3,864 | 36 | ||||||
Scatec Solar (A) |
2,842 | 17 | ||||||
Schibsted, Cl A |
7,944 | 224 | ||||||
Schibsted, Cl B |
9,644 | 247 | ||||||
Selvaag Bolig |
2,183 | 11 | ||||||
SpareBank 1 Nord Norge |
5,094 | 41 |
59
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Sparebank 1 Oestlandet |
1,584 | $ | 17 | |||||
SpareBank 1 SMN |
6,403 | 67 | ||||||
Statoil |
43,132 | 1,020 | ||||||
Stolt-Nielsen |
1,401 | 17 | ||||||
Storebrand |
23,130 | 191 | ||||||
Subsea 7* |
13,736 | 176 | ||||||
Telenor |
14,114 | 321 | ||||||
TGS NOPEC Geophysical |
5,102 | 126 | ||||||
Wallenius Wilhelmsen Logistics, Cl B* |
5,325 | 38 | ||||||
XXL (A) |
5,035 | 52 | ||||||
Yara International |
134,117 | 5,715 | ||||||
|
|
|||||||
12,134 | ||||||||
|
|
|||||||
Panama – 0.0% |
||||||||
Avianca Holdings ADR |
5,261 | 45 | ||||||
|
|
|||||||
Peru – 0.2% |
||||||||
Cia de Minas Buenaventura ADR |
24,430 | 372 | ||||||
Credicorp |
9,200 | 2,089 | ||||||
|
|
|||||||
2,461 | ||||||||
|
|
|||||||
Philippines – 0.1% |
||||||||
Bloomberry Resorts* |
1,080,300 | 298 | ||||||
Cebu Air |
177,710 | 323 | ||||||
Lopez Holdings |
910,100 | 90 | ||||||
Metro Retail Stores Group |
612,000 | 40 | ||||||
Pepsi-Cola Products Philippines |
214,000 | 12 | ||||||
PLDT |
10,380 | 294 | ||||||
San Miguel |
144,580 | 371 | ||||||
San Miguel Pure Foods |
3,390 | 39 | ||||||
|
|
|||||||
1,467 | ||||||||
|
|
|||||||
Poland – 0.3% |
||||||||
CD Projekt |
56,273 | 1,801 | ||||||
Grupa Lotos |
60,862 | 942 | ||||||
Jastrzebska Spolka Weglowa* |
6,115 | 145 | ||||||
Polski Koncern Naftowy Orlen |
64,848 | 1,599 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo |
242,424 | 400 | ||||||
Powszechna Kasa Oszczednosci Bank Polski* |
17,956 | 213 | ||||||
|
|
|||||||
5,100 | ||||||||
|
|
|||||||
Portugal – 0.1% |
||||||||
Altri SGPS |
3,105 | 21 | ||||||
Banco Comercial Portugues, Cl R* |
501,953 | 169 | ||||||
Banco Espirito Santo* (B) |
46,916 | - | ||||||
Corticeira Amorim SGPS* |
1,669 | 21 | ||||||
CTT-Correios de Portugal |
7,572 | 29 | ||||||
EDP-Energias de Portugal |
45,474 | 173 | ||||||
Galp Energia |
9,239 | 175 | ||||||
Jeronimo Martins |
4,973 | 91 | ||||||
Mota-Engil SGPS |
3,895 | 16 | ||||||
Navigator |
11,556 | 68 | ||||||
NOS SGPS |
13,416 | 79 | ||||||
REN - Redes Energeticas Nacionais SGPS |
17,280 | 53 | ||||||
Semapa-Sociedade de Investimento e Gestao |
862 | 20 | ||||||
Sonae SGPS |
32,660 | 44 | ||||||
|
|
|||||||
959 | ||||||||
|
|
Description | Shares | Value (000) | ||||||
Qatar – 0.2% |
||||||||
Barwa Real Estate |
142,526 | $ | 1,315 | |||||
Mannai |
745 | 11 | ||||||
Ooredoo QPSC |
63,688 | 1,447 | ||||||
Qatar Islamic Bank SAQ |
11,934 | 321 | ||||||
Qatar National Bank SAQ |
10,797 | 387 | ||||||
United Development QSC |
36,420 | 149 | ||||||
|
|
|||||||
3,630 | ||||||||
|
|
|||||||
Russia – 0.3% |
||||||||
Lukoil PJSC ADR |
1,285 | 89 | ||||||
Magnit PJSC |
5,140 | 416 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR |
6,569 | 65 | ||||||
PhosAgro PJSC GDR |
46,015 | 624 | ||||||
Sberbank of Russia PJSC ADR |
199,470 | 3,738 | ||||||
|
|
|||||||
4,932 | ||||||||
|
|
|||||||
Singapore – 2.2% |
||||||||
Accordia Golf Trust |
27,900 | 14 | ||||||
Ascendas ‡ |
48,800 | 98 | ||||||
Ascendas Hospitality Trust ‡ |
21,400 | 13 | ||||||
Ascott Residence Trust ‡ |
64,800 | 56 | ||||||
Asian Pay Television Trust |
72,100 | 29 | ||||||
Best World International |
10,900 | 15 | ||||||
Boustead Singapore |
15,300 | 10 | ||||||
Bumitama Agri |
19,400 | 11 | ||||||
Cache Logistics Trust ‡ |
55,106 | 35 | ||||||
CapitaLand |
47,700 | 132 | ||||||
CapitaLand Commercial Trust ‡ |
44,774 | 63 | ||||||
CapitaLand Mall Trust ‡ |
43,300 | 69 | ||||||
CapitaLand Retail China Trust ‡ |
32,600 | 39 | ||||||
CDL Hospitality Trusts ‡ |
42,400 | 55 | ||||||
China Aviation Oil Singapore |
8,600 | 10 | ||||||
Chip Eng Seng |
18,600 | 14 | ||||||
City Developments |
6,900 | 69 | ||||||
ComfortDelGro |
38,000 | 60 | ||||||
COSCO Shipping International Singapore* |
45,000 | 17 | ||||||
Dairy Farm International Holdings |
16,800 | 134 | ||||||
DBS Group Holdings |
269,734 | 5,757 | ||||||
Delfi |
266,600 | 298 | ||||||
ESR-REIT ‡ |
43,009 | 18 | ||||||
Ezion Holdings* |
129,800 | 16 | ||||||
Far East Hospitality Trust ‡ |
30,900 | 16 | ||||||
First Real Estate Investment |
28,800 | 30 | ||||||
First Resources |
29,700 | 38 | ||||||
Frasers Centrepoint Trust ‡ |
30,000 | 50 | ||||||
Frasers Commercial Trust ‡ |
35,994 | 39 | ||||||
Frasers Logistics & Industrial |
62,300 | 52 | ||||||
Genting Singapore |
118,600 | 98 | ||||||
GL |
194,600 | 116 | ||||||
Golden Agri-Resources |
140,800 | 38 | ||||||
Great Eastern Holdings |
38,100 | 864 | ||||||
Haw Par |
29,112 | 278 | ||||||
Hongkong Land Holdings |
558,900 | 3,861 | ||||||
Hutchison Port Holdings |
95,600 | 28 | ||||||
Indofood Agri Resources |
2,600 | 1 | ||||||
Japfa |
23,900 | 8 | ||||||
Jardine Cycle & Carriage |
1,733 | 46 |
60
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Jardine Matheson Holdings |
93,700 | $ | 5,789 | |||||
Jardine Strategic Holdings |
4,200 | 162 | ||||||
Keppel |
27,900 | 167 | ||||||
Keppel ‡ |
94,700 | 87 | ||||||
Keppel DC ‡ |
52,500 | 58 | ||||||
Keppel Infrastructure Trust |
211,600 | 86 | ||||||
Lippo Malls Indonesia Retail Trust ‡ |
97,300 | 29 | ||||||
M1 |
19,900 | 26 | ||||||
Manulife US ‡ |
42,000 | 39 | ||||||
Mapletree Commercial Trust ‡ |
94,300 | 113 | ||||||
Mapletree Greater China Commercial Trust ‡ |
94,500 | 83 | ||||||
Mapletree Industrial Trust ‡ |
69,400 | 108 | ||||||
Mapletree Logistics Trust ‡ |
93,360 | 88 | ||||||
NetLink NBN Trust* |
222,400 | 138 | ||||||
Noble Group* |
54,580 | 3 | ||||||
OUE |
18,200 | 25 | ||||||
OUE Hospitality Trust ‡ |
55,400 | 35 | ||||||
Oversea-Chinese Banking |
57,872 | 571 | ||||||
Parkway Life ‡ |
20,000 | 43 | ||||||
QAF |
5,100 | 4 | ||||||
Raffles Medical Group |
43,200 | 38 | ||||||
RHT Health Trust |
21,500 | 13 | ||||||
Riverstone Holdings |
12,500 | 10 | ||||||
Sabana Shari’ah Compliant Industrial ‡ |
34,300 | 11 | ||||||
SATS |
12,900 | 51 | ||||||
Sembcorp Industries |
18,500 | 44 | ||||||
Sembcorp Marine |
38,300 | 66 | ||||||
Sheng Siong Group |
19,400 | 14 | ||||||
SIIC Environment Holdings* |
29,800 | 11 | ||||||
Silverlake Axis |
31,400 | 13 | ||||||
Singapore Airlines |
9,400 | 78 | ||||||
Singapore Exchange |
13,600 | 77 | ||||||
Singapore Post |
74,200 | 78 | ||||||
Singapore Press Holdings |
27,000 | 52 | ||||||
Singapore Technologies Engineering |
31,100 | 86 | ||||||
Singapore Telecommunications |
1,191,200 | 3,071 | ||||||
Soilbuild Business Space ‡ |
28,000 | 14 | ||||||
SPH ‡ |
38,400 | 29 | ||||||
Starhill Global ‡ |
81,100 | 45 | ||||||
StarHub |
9,600 | 17 | ||||||
Suntec ‡ |
43,900 | 64 | ||||||
United Engineers |
25,500 | 50 | ||||||
United Industrial |
16,648 | 41 | ||||||
United Overseas Bank |
395,618 | 8,359 | ||||||
UOL Group |
8,985 | 59 | ||||||
Venture |
13,900 | 301 | ||||||
Wilmar International |
27,000 | 66 | ||||||
Wing Tai Holdings |
24,600 | 39 | ||||||
Yangzijiang Shipbuilding Holdings |
41,800 | 39 | ||||||
Yanlord Land Group |
37,300 | 48 | ||||||
Yoma Strategic Holdings |
59,500 | 19 | ||||||
|
|
|||||||
33,152 | ||||||||
|
|
|||||||
South Africa – 2.0% |
||||||||
African Rainbow Minerals |
5,037 | 43 | ||||||
Alviva Holdings |
10,469 | 19 | ||||||
Anglo American |
30,091 | 703 | ||||||
Anglo American Platinum |
13,174 | 361 | ||||||
Astral Foods |
3,160 | 84 | ||||||
Bid |
71,773 | 1,567 |
Description | Shares | Value (000) | ||||||
Bidvest Group |
136,046 | $ | 2,588 | |||||
Capitec Bank Holdings |
23,424 | 1,725 | ||||||
Cie Financiere Richemont |
41,636 | 376 | ||||||
Exxaro Resources |
29,020 | 268 | ||||||
FirstRand |
440,033 | 2,496 | ||||||
Grindrod* |
236,207 | 274 | ||||||
Kumba Iron Ore |
12,528 | 301 | ||||||
MMI Holdings |
135,434 | 253 | ||||||
Mondi |
67,496 | 1,842 | ||||||
MTN Group |
46,987 | 473 | ||||||
Murray & Roberts Holdings |
129,650 | 151 | ||||||
Naspers, Cl N |
13,787 | 3,413 | ||||||
Old Mutual |
115,736 | 396 | ||||||
Peregrine Holdings |
189,232 | 336 | ||||||
RMB Holdings |
18,769 | 122 | ||||||
Sasol |
111,050 | 3,792 | ||||||
Standard Bank Group |
188,005 | 3,480 | ||||||
Telkom |
187,775 | 845 | ||||||
Tiger Brands |
115,849 | 3,641 | ||||||
Tsogo Sun Holdings |
116,937 | 230 | ||||||
Wilson Bayly Holmes-Ovcon |
9,970 | 131 | ||||||
|
|
|||||||
29,910 | ||||||||
|
|
|||||||
South Korea – 3.0% |
||||||||
CJ O Shopping |
1,379 | 290 | ||||||
CKH Food & Health* |
86,012 | 57 | ||||||
Dae Han Flour Mills |
86 | 14 | ||||||
Daeyang Electric* |
3,787 | 51 | ||||||
Dongyang E&P |
10,103 | 110 | ||||||
Global Standard Technology |
6,254 | 60 | ||||||
GS Home Shopping |
1,461 | 259 | ||||||
Hana Financial Group |
20,093 | 865 | ||||||
Hite Jinro |
14,163 | 297 | ||||||
Hyundai Elevator |
8,777 | 659 | ||||||
Hyundai Motor |
5,127 | 692 | ||||||
KCC Engineering & Construction |
4,249 | 31 | ||||||
KT |
17,542 | 452 | ||||||
KT ADR |
11,862 | 163 | ||||||
Kwangju Bank |
5,257 | 54 | ||||||
LG |
10,469 | 855 | ||||||
LG Chemical |
4,596 | 1,681 | ||||||
LG Display |
945 | 23 | ||||||
LG Electronics |
21,753 | 2,259 | ||||||
LG Uplus |
46,249 | 537 | ||||||
LOTTE Himart |
3,321 | 230 | ||||||
Lotte Shopping |
2,054 | 454 | ||||||
Moorim Paper |
35,210 | 106 | ||||||
POSCO |
5,514 | 1,758 | ||||||
POSCO ADR |
72,000 | 5,677 | ||||||
S-1, Cl 1 |
4,511 | 405 | ||||||
Sam Young Electronics |
1,907 | 22 | ||||||
Samsung Electronics |
6,820 | 15,896 | ||||||
Samsung Fire & Marine Insurance |
4,116 | 1,038 | ||||||
SeAH Holdings |
225 | 29 | ||||||
Shinhan Financial Group |
66,110 | 2,815 | ||||||
SK Hynix |
49,968 | 3,819 | ||||||
SK Telecom |
9,902 | 2,145 | ||||||
Systems Technology |
2,746 | 59 | ||||||
UIL |
6,402 | 38 | ||||||
Zeus |
2,028 | 30 | ||||||
|
|
|||||||
43,930 | ||||||||
|
|
61
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Spain – 1.8% |
||||||||
Abertis Infraestructuras |
12,910 | $ | 290 | |||||
Acciona |
1,357 | 103 | ||||||
Acerinox |
41,228 | 576 | ||||||
ACS Actividades de Construccion y Servicios |
4,531 | 177 | ||||||
Aena SME (A) |
1,294 | 261 | ||||||
Almirall |
3,195 | 38 | ||||||
Amadeus IT Group, Cl A |
74,760 | 5,536 | ||||||
Applus Services |
7,178 | 93 | ||||||
Atresmedia de Medios de Comunicacion |
4,549 | 43 | ||||||
Banco Bilbao Vizcaya Argentaria |
125,651 | 997 | ||||||
Banco de Sabadell |
96,472 | 197 | ||||||
Banco Santander |
1,288,187 | 8,426 | ||||||
Bankia |
168,866 | 759 | ||||||
Bankinter |
12,548 | 129 | ||||||
Bolsas y Mercados Espanoles SHMSF |
4,006 | 136 | ||||||
CaixaBank |
67,456 | 322 | ||||||
Cellnex Telecom (A) |
7,647 | 205 | ||||||
Cia de Distribucion Integral Logista Holdings |
2,099 | 44 | ||||||
CIE Automotive |
4,473 | 160 | ||||||
Codere* |
2,424 | 27 | ||||||
Construcciones y Auxiliar de Ferrocarriles |
1,029 | 53 | ||||||
Distribuidora Internacional de Alimentacion |
32,016 | 136 | ||||||
Ebro Foods |
3,513 | 89 | ||||||
Enagas |
4,413 | 121 | ||||||
Ence Energia y Celulosa |
7,406 | 56 | ||||||
Endesa |
5,925 | 131 | ||||||
Euskaltel (A) |
4,421 | 37 | ||||||
Faes Farma |
14,866 | 54 | ||||||
Ferrovial |
8,914 | 187 | ||||||
Financiera Alba |
582 | 35 | ||||||
Fomento de Construcciones y Contratas* |
3,976 | 49 | ||||||
Gas Natural SDG |
6,721 | 160 | ||||||
Gestamp Automocion* (A) |
21,195 | 172 | ||||||
Global Dominion Access* (A) |
2,132 | 12 | ||||||
Grifols |
8,768 | 249 | ||||||
Grupo Catalana Occidente |
1,907 | 83 | ||||||
Hispania Activos Inmobiliarios SOCIMI ‡ |
5,992 | 127 | ||||||
Iberdrola |
109,633 | 808 | ||||||
Indra Sistemas* |
6,263 | 87 | ||||||
Industria de Diseno Textil |
20,623 | 646 | ||||||
Inmobiliaria Colonial Socimi ‡ |
14,853 | 172 | ||||||
International Consolidated Airlines Group |
10,622 | 92 | ||||||
Lar Espana Real Estate |
4,951 | 59 | ||||||
Liberbank* |
114,772 | 63 | ||||||
Mapfre |
18,908 | 63 | ||||||
Mediaset Espana Comunicacion |
28,120 | 286 | ||||||
Melia Hotels International |
5,755 | 82 | ||||||
Merlin Properties Socimi ‡ |
17,849 | 274 | ||||||
Miquel y Costas & Miquel |
572 | 25 | ||||||
Neinor Homes* (A) |
4,233 | 80 | ||||||
NH Hotel Group |
10,986 | 87 | ||||||
Obrascon Huarte Lain* |
5,918 | 25 | ||||||
Papeles y Cartones de Europa |
2,544 | 44 |
Description | Shares | Value (000) | ||||||
Pharma Mar* |
9,923 | $ | 20 | |||||
Prosegur Cia de Seguridad |
18,286 | 140 | ||||||
Realia Business* |
8,256 | 11 | ||||||
Red Electrica |
7,999 | 165 | ||||||
Repsol |
23,205 | 413 | ||||||
Sacyr |
19,582 | 52 | ||||||
Saeta Yield |
2,503 | 38 | ||||||
Siemens Gamesa Renewable Energy* |
4,308 | 69 | ||||||
Talgo (A) |
5,020 | 33 | ||||||
Tecnicas Reunidas |
1,714 | 51 | ||||||
Telefonica |
88,132 | 874 | ||||||
Telepizza Group* (A) |
4,776 | 31 | ||||||
Tubacex* |
4,499 | 19 | ||||||
Unicaja Banco (A) |
43,080 | 75 | ||||||
Viscofan |
12,116 | 838 | ||||||
Zardoya Otis |
9,926 | 100 | ||||||
|
|
|||||||
26,092 | ||||||||
|
|
|||||||
Sweden – 1.4% |
||||||||
AAK |
1,494 | 132 | ||||||
AcadeMedia* (A) |
2,398 | 16 | ||||||
AF, Cl B |
3,778 | 82 | ||||||
Ahlsell (A) |
16,729 | 105 | ||||||
Alfa Laval |
5,469 | 130 | ||||||
Alimak Group (A) |
1,701 | 26 | ||||||
Arjo |
11,651 | 34 | ||||||
Assa Abloy, Cl B |
102,588 | 2,217 | ||||||
Atlas Copco, Cl A |
12,373 | 537 | ||||||
Atlas Copco, Cl B |
7,353 | 287 | ||||||
Attendo (A) |
5,472 | 52 | ||||||
Avanza Bank Holding |
1,231 | 65 | ||||||
Axfood |
5,606 | 96 | ||||||
Bergman & Beving, Cl B |
1,105 | 11 | ||||||
Betsson |
6,109 | 46 | ||||||
Bilia, Cl A |
4,285 | 38 | ||||||
BillerudKorsnas |
8,637 | 134 | ||||||
BioGaia, Cl B |
824 | 42 | ||||||
Biotage |
2,802 | 24 | ||||||
Boliden |
4,977 | 175 | ||||||
Bonava, Cl B |
4,433 | 61 | ||||||
Bravida Holding (A) |
9,344 | 67 | ||||||
Bufab |
1,307 | 17 | ||||||
Bure Equity |
2,535 | 28 | ||||||
Byggmax Group |
3,223 | 16 | ||||||
Camurus* |
670 | 9 | ||||||
Capio (A) |
7,251 | 37 | ||||||
Castellum |
12,733 | 208 | ||||||
Catena Media* |
1,581 | 21 | ||||||
Cherry* |
2,522 | 19 | ||||||
Clas Ohlson, Cl B |
1,973 | 21 | ||||||
Cloetta, Cl B |
11,083 | 42 | ||||||
Collector* |
901 | 7 | ||||||
Com Hem Holding |
7,457 | 121 | ||||||
D Carnegie, Cl B* |
1,837 | 27 | ||||||
Dios Fastigheter |
5,544 | 37 | ||||||
Dometic Group (A) |
14,595 | 134 | ||||||
Dustin Group (A) |
2,977 | 26 | ||||||
Elanders, Cl B |
808 | 8 | ||||||
Electrolux |
4,459 | 141 | ||||||
Elekta, Cl B |
18,599 | 199 | ||||||
Eltel* (A) |
6,171 | 19 | ||||||
Essity, Cl B |
87,171 | 2,410 | ||||||
Evolution Gaming Group (A) |
1,023 | 56 |
62
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Fabege |
6,734 | $ | 146 | |||||
Fastighets Balder, Cl B* |
4,997 | 126 | ||||||
Fingerprint Cards, Cl B* |
15,443 | 15 | ||||||
Getinge, Cl B |
4,220 | 48 | ||||||
Granges |
3,918 | 46 | ||||||
Gunnebo |
1,909 | 7 | ||||||
Haldex |
2,147 | 22 | ||||||
Hansa Medical* |
1,513 | 43 | ||||||
Hemfosa Fastigheter |
8,219 | 100 | ||||||
Hennes & Mauritz, Cl B |
17,899 | 269 | ||||||
Hexagon, Cl B |
4,870 | 290 | ||||||
Hexpol |
11,886 | 110 | ||||||
Hoist Finance (A) |
3,722 | 34 | ||||||
Holmen, Cl B |
2,561 | 139 | ||||||
Hufvudstaden, Cl A |
5,701 | 85 | ||||||
Humana |
1,453 | 8 | ||||||
Husqvarna, Cl B |
7,257 | 70 | ||||||
ICA Gruppen |
1,493 | 53 | ||||||
Industrivarden, Cl C |
2,909 | 68 | ||||||
Indutrade |
4,450 | 116 | ||||||
Intrum Justitia |
4,114 | 117 | ||||||
Investment Oresund* |
1,426 | 22 | ||||||
Investor, Cl B |
8,440 | 374 | ||||||
Inwido |
2,957 | 26 | ||||||
ITAB Shop Concept |
1,376 | 6 | ||||||
JM |
3,694 | 84 | ||||||
KappAhl |
3,435 | 11 | ||||||
Kindred Group |
11,004 | 152 | ||||||
Kinnevik |
4,329 | 156 | ||||||
Klovern, Cl B |
31,775 | 39 | ||||||
Kungsleden |
10,543 | 71 | ||||||
L E Lundbergforetagen, Cl B |
722 | 52 | ||||||
LeoVegas (A) |
3,366 | 29 | ||||||
Lindab International |
3,608 | 27 | ||||||
Loomis, Cl B |
3,709 | 134 | ||||||
Lundin Petroleum |
3,250 | 82 | ||||||
Mekonomen |
1,374 | 23 | ||||||
Millicom International Cellular |
6,389 | 437 | ||||||
Modern Times Group, Cl B |
12,164 | 494 | ||||||
Munters Group (A) |
3,292 | 19 | ||||||
Mycronic |
3,321 | 43 | ||||||
NCC, Cl B |
4,039 | 77 | ||||||
NetEnt* |
9,260 | 47 | ||||||
New Wave Group, Cl B |
1,968 | 13 | ||||||
Nibe Industrier, Cl B |
17,310 | 164 | ||||||
Nobia |
6,234 | 56 | ||||||
Nobina (A) |
5,789 | 38 | ||||||
Nolato, Cl B |
1,047 | 77 | ||||||
Nordea Bank |
98,278 | 1,050 | ||||||
Oriflame Holding |
2,008 | 97 | ||||||
Pandox, Cl B |
3,864 | 69 | ||||||
Paradox Interactive |
1,136 | 17 | ||||||
Peab |
9,155 | 83 | ||||||
Probi* |
325 | 17 | ||||||
Ratos, Cl B |
11,922 | 47 | ||||||
RaySearch Laboratories* |
1,189 | 18 | ||||||
Recipharm, Cl B* |
2,366 | 28 | ||||||
Resurs Holding (A) |
5,447 | 39 | ||||||
Rezidor Hotel Group* |
2,640 | 7 | ||||||
Saab, Cl B |
4,440 | 202 | ||||||
Sandvik |
69,567 | 1,275 | ||||||
SAS* |
4,281 | 10 | ||||||
Scandi Standard |
1,887 | 13 | ||||||
Scandic Hotels Group (A) |
4,385 | 42 |
Description | Shares | Value (000) | ||||||
Securitas, Cl B |
12,617 | $ | 214 | |||||
Skandinaviska Enskilda Banken, Cl A |
28,543 | 300 | ||||||
Skanska, Cl B |
6,335 | 130 | ||||||
SKF, Cl B |
7,253 | 149 | ||||||
SkiStar |
1,147 | 23 | ||||||
SSAB, Cl A |
10,992 | 62 | ||||||
SSAB, Cl B |
34,211 | 158 | ||||||
Starbreeze, Cl B* |
11,079 | 13 | ||||||
Svenska Cellulosa, Cl B |
30,638 | 328 | ||||||
Svenska Handelsbanken, Cl A |
106,222 | 1,330 | ||||||
Sweco, Cl B |
3,426 | 71 | ||||||
Swedbank, Cl A |
16,753 | 376 | ||||||
Swedish Match |
12,822 | 582 | ||||||
Swedish Orphan Biovitrum* |
7,775 | 139 | ||||||
Tele2, Cl B |
6,271 | 75 | ||||||
Telefonaktiebolaget LM Ericsson, Cl B |
56,954 | 363 | ||||||
Telia |
53,191 | 250 | ||||||
Thule Group (A) |
5,327 | 115 | ||||||
Tobii* |
4,961 | 19 | ||||||
Trelleborg, Cl B |
12,240 | 308 | ||||||
Victoria Park, Cl B |
3,607 | 14 | ||||||
Vitrolife |
674 | 48 | ||||||
Volati |
1,272 | 6 | ||||||
Volvo, Cl B |
28,810 | 529 | ||||||
Wallenstam, Cl B |
9,515 | 87 | ||||||
Wihlborgs Fastigheter |
3,763 | 87 | ||||||
|
|
|||||||
21,435 | ||||||||
|
|
|||||||
Switzerland – 6.5% |
||||||||
ABB |
34,740 | 827 | ||||||
Adecco Group |
18,511 | 1,319 | ||||||
Allreal Holding |
654 | 108 | ||||||
ALSO Holding |
215 | 28 | ||||||
ams |
4,005 | 420 | ||||||
APG SGA |
77 | 33 | ||||||
Arbonia* |
1,881 | 34 | ||||||
Aryzta* |
4,712 | 105 | ||||||
Ascom Holding |
1,936 | 41 | ||||||
Autoneum Holding |
161 | 44 | ||||||
Bachem Holding, Cl B |
214 | 28 | ||||||
Baloise Holding |
906 | 139 | ||||||
Banque Cantonale Vaudoise |
154 | 125 | ||||||
Barry Callebaut |
108 | 211 | ||||||
Basilea Pharmaceutica* |
649 | 45 | ||||||
Bell Food Group |
83 | 32 | ||||||
BKW |
568 | 38 | ||||||
Bobst Group |
447 | 50 | ||||||
Bossard Holding |
308 | 63 | ||||||
Bucher Industries |
441 | 185 | ||||||
Burckhardt Compression Holding |
155 | 49 | ||||||
Burkhalter Holding |
263 | 31 | ||||||
Cembra Money Bank |
1,516 | 135 | ||||||
Chocoladefabriken Lindt & Sprungli |
2 | 145 | ||||||
Chocoladefabriken Lindt & Sprungli PC |
19 | 118 | ||||||
Cie Financiere Richemont |
97,591 | 8,778 | ||||||
Clariant |
4,104 | 98 | ||||||
Coca-Cola |
3,545 | 131 | ||||||
Comet Holding |
363 | 50 | ||||||
Conzzeta |
73 | 87 | ||||||
COSMO Pharmaceuticals |
360 | 50 |
63
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Credit Suisse Group |
45,795 | $ | 771 | |||||
Daetwyler Holding |
425 | 81 | ||||||
DKSH Holding |
3,743 | 304 | ||||||
dormakaba Holding |
171 | 134 | ||||||
Dufry* |
690 | 90 | ||||||
EFG International |
4,680 | 38 | ||||||
Emmi |
110 | 90 | ||||||
EMS-Chemie Holding |
160 | 101 | ||||||
Feintool International Holding |
78 | 9 | ||||||
Ferguson |
4,694 | 355 | ||||||
Flughafen Zurich |
1,007 | 223 | ||||||
Forbo Holding |
63 | 88 | ||||||
Galenica (A) |
3,720 | 197 | ||||||
GAM Holding |
7,820 | 132 | ||||||
Geberit |
4,288 | 1,896 | ||||||
Georg Fischer |
204 | 274 | ||||||
Givaudan |
171 | 390 | ||||||
Gurit Holding |
15 | 12 | ||||||
Helvetia Holding |
552 | 329 | ||||||
Huber + Suhner |
637 | 36 | ||||||
Idorsia* |
6,038 | 146 | ||||||
Implenia |
815 | 65 | ||||||
Inficon Holding |
81 | 50 | ||||||
Intershop Holding |
41 | 22 | ||||||
Julius Baer Group |
4,286 | 264 | ||||||
Kardex |
337 | 46 | ||||||
Komax Holding |
201 | 58 | ||||||
Kudelski |
1,932 | 20 | ||||||
Kuehne + Nagel International |
8,334 | 1,313 | ||||||
LafargeHolcim |
100,593 | 5,506 | ||||||
Landis+Gyr Group* |
1,747 | 136 | ||||||
LEM Holding |
37 | 62 | ||||||
Leonteq* |
489 | 28 | ||||||
Logitech International |
26,982 | 991 | ||||||
Lonza Group |
1,383 | 327 | ||||||
Meyer Burger Technology* |
26,356 | 31 | ||||||
Mobilezone Holding |
1,082 | 14 | ||||||
Mobimo Holding |
381 | 101 | ||||||
Molecular Partners* |
442 | 12 | ||||||
Nestle |
217,997 | 17,234 | ||||||
Novartis |
194,468 | 15,697 | ||||||
OC Oerlikon |
10,756 | 191 | ||||||
Orior |
188 | 16 | ||||||
Panalpina Welttransport Holding |
541 | 68 | ||||||
Pargesa Holding |
651 | 58 | ||||||
Partners Group Holding |
313 | 233 | ||||||
PSP Swiss Property |
2,083 | 203 | ||||||
Rieter Holding |
183 | 36 | ||||||
Roche Holding |
48,467 | 11,124 | ||||||
Schindler Holding |
349 | 73 | ||||||
Schindler Holding |
741 | 160 | ||||||
Schmolz + Bickenbach* |
18,207 | 14 | ||||||
Schweiter Technologies |
53 | 63 | ||||||
SFS Group |
880 | 104 | ||||||
SGS |
101 | 248 | ||||||
Siegfried Holding |
192 | 65 | ||||||
Sika |
40 | 314 | ||||||
Sonova Holding |
3,733 | 592 | ||||||
St. Galler Kantonalbank |
142 | 79 | ||||||
Straumann Holding |
200 | 127 | ||||||
Sulzer |
700 | 92 | ||||||
Sunrise Communications Group (A) |
1,739 | 146 | ||||||
Swatch Group |
1,102 | 92 |
Description | Shares | Value (000) | ||||||
Swatch Group BR |
17,041 | $ | 7,540 | |||||
Swiss Life Holding |
588 | 210 | ||||||
Swiss Prime Site |
1,401 | 135 | ||||||
Swiss Re |
5,946 | 606 | ||||||
Swisscom |
497 | 247 | ||||||
Swissquote Group Holding |
355 | 22 | ||||||
Tecan Group |
833 | 176 | ||||||
Temenos Group |
3,053 | 367 | ||||||
u-blox Holding |
332 | 60 | ||||||
UBS Group |
451,375 | 7,938 | ||||||
Valiant Holding |
841 | 99 | ||||||
Valora Holding |
148 | 51 | ||||||
VAT Group (A) |
1,383 | 234 | ||||||
Vifor Pharma |
908 | 140 | ||||||
Vontobel Holding |
1,210 | 75 | ||||||
VZ Holding |
148 | 40 | ||||||
Ypsomed Holding |
182 | 28 | ||||||
Zehnder Group |
301 | 14 | ||||||
Zur Rose Group* |
317 | 36 | ||||||
Zurich Insurance Group |
10,245 | 3,370 | ||||||
|
|
|||||||
96,706 | ||||||||
|
|
|||||||
Taiwan – 1.9% |
||||||||
Advanced Semiconductor Engineering ADR |
57,421 | 417 | ||||||
AU Optronics ADR |
548,947 | 2,509 | ||||||
Chroma ATE |
138,000 | 860 | ||||||
Delta Electronics |
144,516 | 651 | ||||||
Giant Manufacturing |
46,718 | 247 | ||||||
PChome Online* |
94,587 | 528 | ||||||
Taiwan Semiconductor Manufacturing |
350,000 | 2,973 | ||||||
Taiwan Semiconductor Manufacturing ADR |
384,237 | 16,815 | ||||||
Teco Electric and Machinery |
875,387 | 726 | ||||||
United Microelectronics ADR |
498,001 | 1,290 | ||||||
Yungtay Engineering |
492,000 | 934 | ||||||
|
|
|||||||
27,950 | ||||||||
|
|
|||||||
Thailand – 0.9% |
||||||||
Advanced Information Technology |
26,800 | 25 | ||||||
Airports of Thailand |
947,500 | 2,016 | ||||||
Bangchak NVDR |
160,900 | 190 | ||||||
Bangkok Bank |
147,100 | 1,013 | ||||||
Bangkok Bank NVDR |
21,200 | 135 | ||||||
Banpu NVDR |
496,500 | 317 | ||||||
BEC World |
472,300 | 192 | ||||||
CP ALL |
1,023,100 | 2,865 | ||||||
Kasikornbank |
46,200 | 316 | ||||||
KGI Securities Thailand NVDR |
747,900 | 114 | ||||||
MFEC NVDR |
160,200 | 23 | ||||||
PTT NVDR |
161,700 | 2,871 | ||||||
PTT Exploration & Production NVDR |
6,800 | 25 | ||||||
PTT Global Chemical |
103,200 | 314 | ||||||
PTT Global Chemical NVDR |
395,300 | 1,205 | ||||||
Sansiri |
1,538,500 | 82 | ||||||
Star Petroleum Refining NVDR |
1,491,400 | 782 | ||||||
Syntec Construction NVDR |
2,826,500 | 457 | ||||||
Thai Oil NVDR |
340,100 | 990 | ||||||
|
|
|||||||
13,932 | ||||||||
|
|
64
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Turkey – 0.7% |
||||||||
Akbank Turk |
172,787 | $ | 422 | |||||
Albaraka Turk Katilim Bankasi |
44,267 | 18 | ||||||
Anadolu Cam Sanayii |
44,656 | 39 | ||||||
Dogan Sirketler Grubu Holding* |
1,398,951 | 476 | ||||||
Eregli Demir ve Celik Fabrikalari |
712,468 | 1,893 | ||||||
Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret |
20,606 | 76 | ||||||
KOC Holding |
318,941 | 1,322 | ||||||
Torunlar Gayrimenkul Yatirim Ortakligi ‡ |
460,682 | 339 | ||||||
Turk Hava Yollari* |
368,130 | 1,822 | ||||||
Turkiye Garanti Bankasi |
863,056 | 2,403 | ||||||
Turkiye Sise ve Cam Fabrikalari |
421,191 | 555 | ||||||
Ulker Biskuvi Sanayi |
53,064 | 296 | ||||||
Vestel Elektronik Sanayi ve Ticaret* |
49,464 | 149 | ||||||
|
|
|||||||
9,810 | ||||||||
|
|
|||||||
United Arab Emirates – 0.0% |
|
|||||||
Aldar Properties PJSC |
979,657 | 568 | ||||||
|
|
|||||||
United Kingdom – 14.9% |
|
|||||||
3i Group |
105,935 | 1,281 | ||||||
888 Holdings |
23,422 | 89 | ||||||
AA |
30,247 | 34 | ||||||
Abcam |
23,754 | 413 | ||||||
Acacia Mining* |
9,546 | 19 | ||||||
Admiral Group |
31,327 | 813 | ||||||
Advanced Medical Solutions Group |
10,453 | 46 | ||||||
Aggreko |
303,089 | 3,121 | ||||||
Alfa Financial Software Holdings* (A) |
4,455 | 21 | ||||||
Allied Minds* |
13,370 | 20 | ||||||
Amerisur Resources* |
53,259 | 12 | ||||||
Anglo American |
287,693 | 6,680 | ||||||
Antofagasta |
49,050 | 633 | ||||||
AO World* |
14,060 | 23 | ||||||
Arrow Global Group |
8,590 | 42 | ||||||
Ascential |
20,930 | 122 | ||||||
Ashmore Group |
20,781 | 111 | ||||||
Ashtead Group |
9,561 | 262 | ||||||
ASOS* |
2,837 | 278 | ||||||
Associated British Foods |
6,842 | 239 | ||||||
Assura ‡ |
115,658 | 96 | ||||||
AstraZeneca |
23,776 | 1,631 | ||||||
Auto Trader Group (A) |
52,318 | 258 | ||||||
AVEVA Group |
3,460 | 93 | ||||||
Aviva |
74,831 | 523 | ||||||
B&M European Value Retail |
43,017 | 237 | ||||||
Babcock International Group |
4,743 | 45 | ||||||
BAE Systems |
173,429 | 1,420 | ||||||
Balfour Beatty |
35,443 | 134 | ||||||
Bank of Ireland Group |
11,295 | 98 | ||||||
Barclays |
1,640,548 | 4,780 | ||||||
Barratt Developments |
38,412 | 286 | ||||||
BBA Aviation |
51,421 | 232 | ||||||
Beazley |
26,649 | 214 | ||||||
Bellway |
6,196 | 266 | ||||||
Berkeley Group Holdings |
2,472 | 131 | ||||||
BGEO Group* |
8,665 | 434 | ||||||
BHP Billiton |
322,204 | 6,342 | ||||||
Biffa (A) |
14,037 | 39 |
Description | Shares | Value (000) | ||||||
Big Yellow Group ‡ |
7,606 | $ | 91 | |||||
Blue Prism Group* |
2,533 | 50 | ||||||
Bodycote |
10,261 | 129 | ||||||
boohoo.com* |
32,919 | 69 | ||||||
Bovis Homes Group |
6,642 | 106 | ||||||
BP |
614,871 | 4,141 | ||||||
Brewin Dolphin Holdings |
15,759 | 76 | ||||||
British American Tobacco |
43,493 | 2,518 | ||||||
British American Tobacco ADR |
3,308 | 191 | ||||||
British Land ‡ |
17,223 | 156 | ||||||
Britvic |
18,048 | 173 | ||||||
BT Group, Cl A |
157,439 | 503 | ||||||
BTG* |
19,523 | 186 | ||||||
Bunzl |
54,435 | 1,605 | ||||||
Burberry Group |
7,851 | 187 | ||||||
Burford Capital |
9,426 | 178 | ||||||
Cairn Energy* |
30,803 | 90 | ||||||
Cairn Homes* |
45,134 | 101 | ||||||
Capita |
92,688 | 187 | ||||||
Capital & Counties Properties |
37,563 | 144 | ||||||
Card Factory |
16,784 | 45 | ||||||
Carnival |
59,644 | 3,840 | ||||||
Centamin |
54,789 | 119 | ||||||
Central Asia Metals |
6,997 | 31 | ||||||
Centrica |
101,591 | 203 | ||||||
Chemring Group |
18,662 | 53 | ||||||
Cineworld Group |
52,385 | 174 | ||||||
Civitas Social Housing ‡ |
10,035 | 14 | ||||||
Clinigen Group |
5,927 | 74 | ||||||
Close Brothers Group |
16,491 | 332 | ||||||
CMC Markets (A) |
5,271 | 13 | ||||||
Cobham* |
1,555,589 | 2,689 | ||||||
Compass Group |
378,178 | 7,719 | ||||||
ConvaTec Group (A) |
274,314 | 771 | ||||||
Conviviality |
8,687 | 12 | ||||||
Costain Group |
5,842 | 38 | ||||||
Countryside Properties (A) |
18,292 | 81 | ||||||
Countrywide* |
7,213 | 11 | ||||||
Crest Nicholson Holdings |
13,231 | 85 | ||||||
CRH |
3,314 | 112 | ||||||
Croda International |
3,180 | 204 | ||||||
CVS Group |
3,170 | 43 | ||||||
CYBG |
43,723 | 181 | ||||||
Daily Mail & General Trust, Cl A |
62,680 | 569 | ||||||
Dairy Crest Group |
7,519 | 54 | ||||||
Dart Group |
4,407 | 51 | ||||||
DCC |
11,315 | 1,044 | ||||||
De La Rue |
5,418 | 39 | ||||||
Debenhams |
62,228 | 18 | ||||||
Dechra Pharmaceuticals |
8,635 | 319 | ||||||
Derwent London ‡ |
5,343 | 233 | ||||||
Devro |
60,282 | 166 | ||||||
DFS Furniture |
9,602 | 25 | ||||||
Diageo |
358,385 | 12,100 | ||||||
Dialight* |
996 | 7 | ||||||
Dialog Semiconductor* |
3,938 | 94 | ||||||
Dignity |
2,731 | 34 | ||||||
Diploma |
6,481 | 104 | ||||||
Direct Line Insurance Group |
26,869 | 144 | ||||||
Dixons Carphone |
48,694 | 128 | ||||||
Domino’s Pizza Group |
24,888 | 116 | ||||||
Drax Group |
20,466 | 79 | ||||||
DS Smith |
54,765 | 363 |
65
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Dunelm Group |
5,192 | $ | 38 | |||||
easyJet |
24,055 | 545 | ||||||
EI Group* |
25,883 | 42 | ||||||
Electrocomponents |
22,984 | 194 | ||||||
Elementis |
23,287 | 97 | ||||||
Elis |
4,062 | 100 | ||||||
EMIS Group |
3,112 | 35 | ||||||
Empiric Student Property ‡ |
25,834 | 30 | ||||||
EnQuest* |
64,935 | 27 | ||||||
Equiniti Group (A) |
18,712 | 79 | ||||||
Essentra |
13,483 | 80 | ||||||
esure Group |
16,869 | 52 | ||||||
Evraz |
17,783 | 109 | ||||||
Experian |
230,794 | 4,988 | ||||||
Faroe Petroleum* |
12,437 | 19 | ||||||
Fenner |
9,648 | 82 | ||||||
Ferrexpo |
15,336 | 53 | ||||||
Fevertree Drinks |
4,663 | 172 | ||||||
Firstgroup* |
64,607 | 75 | ||||||
Forterra (A) |
9,207 | 38 | ||||||
Fresnillo |
3,858 | 69 | ||||||
G4S |
257,594 | 897 | ||||||
Galliford Try |
4,042 | 48 | ||||||
GB Group |
6,324 | 36 | ||||||
Genus |
3,115 | 102 | ||||||
GKN |
31,215 | 203 | ||||||
GlaxoSmithKline |
92,355 | 1,800 | ||||||
Glencore |
418,529 | 2,071 | ||||||
Global Ports Investments GDR* |
163,578 | 631 | ||||||
Globaltrans Investment GDR |
40,160 | 478 | ||||||
Go-Ahead Group |
2,167 | 53 | ||||||
Gocompare.Com Group |
12,466 | 20 | ||||||
Grafton Group |
11,482 | 124 | ||||||
Grainger |
21,591 | 88 | ||||||
Great Portland Estates ‡ |
13,309 | 124 | ||||||
Greencore Group |
35,982 | 67 | ||||||
Greene King |
16,492 | 109 | ||||||
Greggs |
5,053 | 87 | ||||||
GVC Holdings |
47,637 | 614 | ||||||
Halfords Group |
10,640 | 49 | ||||||
Halma |
19,813 | 328 | ||||||
Hammerson ‡ |
15,380 | 116 | ||||||
Hansteen Holdings ‡ |
17,517 | 31 | ||||||
Hargreaves Lansdown |
5,058 | 116 | ||||||
Hastings Group Holdings (A) |
13,244 | 49 | ||||||
Hays |
380,809 | 1,010 | ||||||
Helical |
4,205 | 19 | ||||||
Hikma Pharmaceuticals |
7,437 | 126 | ||||||
Hill & Smith Holdings |
3,688 | 69 | ||||||
Hiscox |
14,479 | 296 | ||||||
Hochschild Mining |
11,971 | 34 | ||||||
HomeServe |
116,052 | 1,206 | ||||||
Hon Hai Precision Industry GDR |
143,541 | 900 | ||||||
Hostelworld Group (A) |
4,521 | 24 | ||||||
Hotel Chocolat Group |
2,456 | 12 | ||||||
Howden Joinery Group |
32,681 | 212 | ||||||
HSBC Holdings |
374,781 | 3,505 | ||||||
Hunting* |
6,977 | 66 | ||||||
Hurricane Energy* |
77,676 | 35 | ||||||
Ibstock (A) |
19,158 | 76 | ||||||
IG Group Holdings |
70,769 | 794 | ||||||
IMI |
103,740 | 1,580 | ||||||
Imperial Brands |
21,686 | 738 |
Description | Shares | Value (000) | ||||||
Inchcape |
71,415 | $ | 694 | |||||
Indivior* |
35,915 | 206 | ||||||
Informa |
98,601 | 995 | ||||||
Inmarsat |
23,899 | 122 | ||||||
InterContinental Hotels Group |
3,267 | 196 | ||||||
Intermediate Capital Group |
14,710 | 204 | ||||||
International Personal Finance |
99,682 | 323 | ||||||
Intertek Group |
37,056 | 2,429 | ||||||
Intu Properties ‡ |
44,832 | 131 | ||||||
Investec |
12,086 | 94 | ||||||
iomart Group |
3,109 | 16 | ||||||
IQE* |
40,510 | 73 | ||||||
ITE Group |
13,661 | 30 | ||||||
ITV |
412,438 | 837 | ||||||
IWG |
33,983 | 109 | ||||||
J D Wetherspoon |
4,480 | 72 | ||||||
J Sainsbury |
29,700 | 99 | ||||||
Jackpotjoy* |
2,897 | 33 | ||||||
JD Sports Fashion |
23,200 | 110 | ||||||
John Laing Group (A) |
31,577 | 119 | ||||||
John Menzies |
4,386 | 39 | ||||||
John Wood Group |
41,469 | 314 | ||||||
Johnson Matthey |
3,577 | 153 | ||||||
Jupiter Fund Management |
67,190 | 446 | ||||||
Just Eat* |
77,467 | 762 | ||||||
Just Group |
30,799 | 59 | ||||||
Kainos Group |
2,707 | 13 | ||||||
KAZ Minerals* |
12,346 | 150 | ||||||
KCOM Group |
25,392 | 33 | ||||||
Keller Group |
3,711 | 45 | ||||||
Kerry Group, Cl A |
2,986 | 303 | ||||||
Keywords Studios |
2,790 | 58 | ||||||
Kier Group |
5,030 | 66 | ||||||
Kingfisher |
39,552 | 163 | ||||||
Kingspan Group |
7,851 | 333 | ||||||
Laird |
24,385 | 68 | ||||||
Lancashire Holdings |
10,620 | 86 | ||||||
Land Securities Group ‡ |
13,488 | 178 | ||||||
Legal & General Group |
110,280 | 400 | ||||||
Lloyds Banking Group |
8,445,267 | 7,673 | ||||||
London Stock Exchange Group |
5,859 | 340 | ||||||
LondonMetric Property ‡ |
33,253 | 83 | ||||||
Lonmin* |
12,070 | 10 | ||||||
Lookers |
16,438 | 20 | ||||||
Luceco (A) |
3,510 | 3 | ||||||
Lukoil PJSC ADR |
5,391 | 374 | ||||||
Majestic Wine |
2,479 | 14 | ||||||
Man Group |
81,556 | 196 | ||||||
Marks & Spencer Group |
31,551 | 120 | ||||||
Marshalls |
10,387 | 61 | ||||||
Marston’s |
34,963 | 49 | ||||||
McCarthy & Stone (A) |
63,332 | 128 | ||||||
Mediclinic International |
6,673 | 56 | ||||||
Meggitt |
15,281 | 93 | ||||||
Melrose Industries |
98,404 | 320 | ||||||
Merlin Entertainments (A) |
259,811 | 1,264 | ||||||
Metro Bank* |
3,886 | 192 | ||||||
Micro Focus International |
2,401 | 33 | ||||||
Micro Focus International ADR |
5,456 | 77 | ||||||
Mitchells & Butlers |
10,986 | 38 | ||||||
Mitie Group |
18,791 | 42 | ||||||
Mondi |
6,679 | 180 | ||||||
Moneysupermarket.com Group |
104,826 | 422 |
66
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Morgan Advanced Materials |
14,553 | $ | 65 | |||||
N Brown Group |
8,686 | 22 | ||||||
National Express Group |
44,675 | 242 | ||||||
National Grid |
83,478 | 937 | ||||||
NCC Group |
12,432 | 33 | ||||||
NewRiver ‡ |
14,334 | 58 | ||||||
NEX Group |
93,883 | 1,292 | ||||||
Next |
2,671 | 178 | ||||||
NMC Health |
4,254 | 203 | ||||||
Non-Standard Finance (A) |
105,590 | 93 | ||||||
Northgate |
8,027 | 38 | ||||||
Nostrum Oil & Gas* |
3,702 | 15 | ||||||
Ocado Group* |
27,126 | 203 | ||||||
Old Mutual |
92,737 | 312 | ||||||
On the Beach Group (A) |
4,403 | 33 | ||||||
OneSavings Bank |
10,554 | 55 | ||||||
Ophir Energy* |
35,297 | 26 | ||||||
Oxford Instruments |
2,830 | 29 | ||||||
Paddy Power Betfair |
5,949 | 609 | ||||||
Pagegroup |
37,649 | 284 | ||||||
Pan African Resources |
86,747 | 9 | ||||||
Paragon Banking Group |
14,346 | 95 | ||||||
Pearson |
15,355 | 162 | ||||||
Pendragon |
64,794 | 21 | ||||||
Pennon Group |
20,250 | 183 | ||||||
Persimmon |
5,600 | 199 | ||||||
Petra Diamonds* |
25,399 | 23 | ||||||
Petrofac |
27,348 | 195 | ||||||
Pets at Home Group |
92,326 | 219 | ||||||
Phoenix Group Holdings |
18,656 | 200 | ||||||
Photo-Me International |
15,143 | 35 | ||||||
Playtech |
34,334 | 355 | ||||||
Plus500 |
4,138 | 66 | ||||||
Polypipe Group |
9,679 | 47 | ||||||
Premier Foods* |
25,884 | 14 | ||||||
Premier Oil* |
23,548 | 23 | ||||||
Primary Health Properties ‡ |
29,743 | 46 | ||||||
Provident Financial* |
38,750 | 371 | ||||||
Prudential |
118,796 | 2,977 | ||||||
Purplebricks Group* |
10,473 | 46 | ||||||
PZ Cussons |
16,517 | 53 | ||||||
QinetiQ Group |
28,318 | 82 | ||||||
Randgold Resources |
1,746 | 144 | ||||||
Rank Group |
9,405 | 27 | ||||||
Rathbone Brothers |
2,551 | 88 | ||||||
RDI ‡ |
74,092 | 33 | ||||||
Reckitt Benckiser Group |
89,491 | 7,587 | ||||||
Redde |
16,074 | 38 | ||||||
Redrow |
12,446 | 104 | ||||||
RELX |
105,969 | 2,182 | ||||||
Renewi |
39,435 | 41 | ||||||
Renishaw |
1,926 | 122 | ||||||
Rentokil Initial |
94,574 | 361 | ||||||
Restaurant Group |
9,592 | 34 | ||||||
Restore |
6,121 | 47 | ||||||
Rhi Magnesita |
224 | 14 | ||||||
Rightmove |
33,808 | 2,065 | ||||||
Rio Tinto |
91,077 | 4,608 | ||||||
Rolls-Royce Holdings |
295,029 | 3,620 | ||||||
Rotork |
70,461 | 282 | ||||||
Royal Bank of Scotland Group* |
68,806 | 251 | ||||||
Royal Dutch Shell, Cl A |
81,995 | 2,579 | ||||||
Royal Dutch Shell, Cl B |
318,029 | 10,197 |
Description | Shares | Value (000) | ||||||
Royal Mail |
17,413 | $ | 132 | |||||
RPC Group |
20,913 | 228 | ||||||
RPS Group |
11,843 | 42 | ||||||
RSA Insurance Group |
19,813 | 175 | ||||||
SafeCharge International Group |
2,887 | 12 | ||||||
Safestore Holdings ‡ |
10,995 | 76 | ||||||
Saga |
59,448 | 94 | ||||||
Sage Group |
19,611 | 176 | ||||||
Samsung Electronics GDR |
4,860 | 5,618 | ||||||
Savills |
7,536 | 104 | ||||||
Scapa Group |
7,435 | 51 | ||||||
Schroder ‡ |
14,710 | 12 | ||||||
Schroders |
2,419 | 109 | ||||||
Segro ‡ |
18,544 | 157 | ||||||
Senior |
22,243 | 94 | ||||||
Serco Group* |
382,274 | 474 | ||||||
Severn Trent |
4,605 | 119 | ||||||
Shaftesbury ‡ |
12,053 | 166 | ||||||
Shire |
16,685 | 831 | ||||||
SIG |
30,237 | 58 | ||||||
Sirius Minerals* |
198,656 | 85 | ||||||
Sky |
37,981 | 692 | ||||||
Smart Metering Systems |
5,144 | 53 | ||||||
Smith & Nephew |
24,993 | 468 | ||||||
Smiths Group |
110,436 | 2,354 | ||||||
Soco International |
7,102 | 9 | ||||||
Softcat |
6,095 | 58 | ||||||
SolGold* |
30,651 | 9 | ||||||
Sophos Group (A) |
14,715 | 90 | ||||||
Sound Energy, Cl A* |
34,244 | 22 | ||||||
South32 |
5,924 | 15 | ||||||
Spectris |
72,815 | 2,761 | ||||||
Spirax-Sarco Engineering |
3,777 | 306 | ||||||
Spire Healthcare Group (A) |
15,002 | 44 | ||||||
Sports Direct International* |
11,796 | 61 | ||||||
SSE |
19,355 | 346 | ||||||
SSP Group |
147,050 | 1,265 | ||||||
St. James’s Place |
37,505 | 574 | ||||||
St. Modwen Properties |
10,025 | 54 | ||||||
Staffline Group |
768 | 10 | ||||||
Stagecoach Group |
116,247 | 216 | ||||||
Standard Chartered |
156,216 | 1,567 | ||||||
Standard Life Aberdeen |
51,311 | 260 | ||||||
Standard Life Investment Property Income Trust ‡ |
21,212 | 27 | ||||||
State Bank of India GDR |
53,780 | 2,079 | ||||||
Stobart Group |
16,271 | 50 | ||||||
Stock Spirits Group |
8,523 | 30 | ||||||
SuperGroup |
2,748 | 60 | ||||||
Synthomer |
13,541 | 91 | ||||||
TalkTalk Telecom Group |
36,366 | 59 | ||||||
Tate & Lyle |
24,743 | 190 | ||||||
Taylor Wimpey |
63,534 | 165 | ||||||
Ted Baker |
1,694 | 59 | ||||||
Telecom Plus |
3,257 | 56 | ||||||
Telford Homes |
4,691 | 27 | ||||||
Telit Communications |
5,676 | 12 | ||||||
Tesco |
2,402,313 | 6,957 | ||||||
Thomas Cook Group |
509,692 | 849 | ||||||
TP ICAP |
29,195 | 183 | ||||||
Travis Perkins |
293,344 | 5,090 | ||||||
Tritax Big Box ‡ |
70,661 | 143 | ||||||
TUI |
44,814 | 962 |
67
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
Description | Shares | Value (000) | ||||||
Tullow Oil* |
70,259 | $ | 194 | |||||
UBM |
19,972 | 263 | ||||||
UDG Healthcare |
12,737 | 156 | ||||||
Ultra Electronics Holdings |
4,154 | 81 | ||||||
Unilever |
48,864 | 2,707 | ||||||
UNITE Group ‡ |
13,431 | 150 | ||||||
United Utilities Group |
13,207 | 132 | ||||||
Vectura Group* |
30,948 | 34 | ||||||
Vedanta Resources |
4,030 | 40 | ||||||
Vesuvius |
11,153 | 92 | ||||||
Victoria* |
6,230 | 65 | ||||||
Victrex |
10,135 | 367 | ||||||
Virgin Money Holdings UK |
14,963 | 55 | ||||||
Vodafone Group |
598,226 | 1,635 | ||||||
Watkin Jones |
7,565 | 19 | ||||||
Weir Group |
105,086 | 2,950 | ||||||
WH Smith |
32,619 | 892 | ||||||
Whitbread |
3,334 | 173 | ||||||
William Hill |
43,186 | 201 | ||||||
WM Morrison Supermarkets |
43,324 | 130 | ||||||
Workspace Group ‡ |
6,322 | 88 | ||||||
WPP |
368,445 | 5,858 | ||||||
ZPG (A) |
29,845 | 141 | ||||||
|
|
|||||||
221,277 | ||||||||
|
|
|||||||
United States – 1.2% |
||||||||
Consumer Discretionary – 0.0% |
|
|||||||
SodaStream International* |
948 | 87 | ||||||
|
|
|||||||
Consumer Staples – 0.0% |
|
|||||||
Coca-Cola European Partners |
1,100 | 46 | ||||||
|
|
|||||||
Industrials – 0.4% |
||||||||
Caesarstone* |
1,222 | 24 | ||||||
Canadian National Railway |
64,975 | 4,751 | ||||||
Copa Holdings, Cl A |
11,800 | 1,518 | ||||||
Kornit Digital* |
1,466 | 19 | ||||||
|
|
|||||||
6,312 | ||||||||
|
|
|||||||
Information Technology – 0.4% |
|
|||||||
CyberArk Software* |
1,606 | 82 | ||||||
Genpact |
12,433 | 397 | ||||||
InterXion Holding* |
3,730 | 232 | ||||||
Ituran Location and Control |
923 | 29 | ||||||
NXP Semiconductors* |
6,359 | 744 | ||||||
Orbotech* |
2,343 | 146 | ||||||
Wix.com* |
1,702 | 135 | ||||||
Yandex, Cl A* |
107,619 | 4,245 | ||||||
|
|
|||||||
6,010 | ||||||||
|
|
|||||||
Materials – 0.2% |
||||||||
Southern Copper |
55,424 | 3,003 | ||||||
|
|
|||||||
15,458 | ||||||||
|
|
|||||||
Total Common Stock |
1,421,073 | |||||||
|
|
|||||||
Preferred Stock — 1.1% (D) |
| |||||||
Alpargatas |
242,098 | 1,228 | ||||||
Banco Bradesco ADR* |
521,047 | 6,195 |
Description | Shares | Value (000) | ||||||
Banco do Estado do Rio Grande do Sul |
103,400 | $ | 635 | |||||
Bayerische Motoren Werke |
1,082 | 101 | ||||||
Biotest |
1,045 | 34 | ||||||
Draegerwerk & KGaA |
522 | 50 | ||||||
FUCHS PETROLUB |
1,216 | 66 | ||||||
Henkel & KGaA |
3,380 | 445 | ||||||
Itau Unibanco Holding |
157,700 | 2,467 | ||||||
Itausa - Investimentos Itau |
184,534 | 777 | ||||||
Jungheinrich |
2,620 | 116 | ||||||
Petroleo Brasileiro* |
412,700 | 2,676 | ||||||
Porsche Automobil Holding |
2,940 | 244 | ||||||
Sartorius |
1,797 | 251 | ||||||
Schaeffler |
3,028 | 47 | ||||||
Sixt |
857 | 66 | ||||||
Volkswagen |
8,246 | 1,644 | ||||||
|
|
|||||||
Total Preferred Stock |
17,042 | |||||||
|
|
|||||||
Rights — 0.0% |
||||||||
Number of Rights |
||||||||
Altran Technologies, Expires 4/12/2018* |
7,745 | 13 | ||||||
Anima Holding, Expires 4/16/2018* |
11,268 | 4 | ||||||
Freedom Foods Group, Expires 4/10/2018* |
382 | - | ||||||
Galliford Try, Expires 4/17/2018* |
1,347 | 5 | ||||||
Immobiliare Grande Distribuzione |
||||||||
SIIQ, Expires 4/16/2018* |
2,060 | 2 | ||||||
Primary Health Properties, Expires 4/20/2018* |
1,749 | - | ||||||
Provident Financial, Expires 4/12/2018* |
23,760 | 125 | ||||||
Starbreeze, Expires 4/13/2018* |
11,079 | - | ||||||
|
|
|||||||
Total Rights |
149 | |||||||
|
|
|||||||
Shares | ||||||||
Exchange Traded Fund — 0.0% |
||||||||
P2P Global Investments* |
4,390 | 47 | ||||||
|
|
|||||||
Total Exchange Traded Fund |
47 | |||||||
|
|
|||||||
Short-Term Investment — 2.4% |
||||||||
State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.510% (E) |
35,169,847 | 35,170 | ||||||
Total Short-Term Investment |
35,170 | |||||||
|
|
|||||||
Total Investments In Securities — 99.4% |
$ | 1,473,481 | ||||||
|
|
Percentages are based on Net Assets of $1,482,502 (000).
68
KP International Equity Funds
Schedule of Investments
March 31, 2018 (unaudited)
A list of the open futures contracts held by the Fund at March 31, 2018, is as follows (000):
Type of |
Number of Contracts Long |
Expiration Date |
Notional Amount |
Value | Unrealized Depreciation |
|||||||||||||||
MSCI EAFE Index E-MINI |
186 | Jun-2018 | $ | 18,836 | $ | 18,606 | $ | (230 | ) | |||||||||||
S&P TSX 60 Index |
11 | Jun-2018 | 1,572 | 1,547 | (22 | ) | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
$ | 20,408 | $ | 20,153 | $ | (252 | ) | ||||||||||||||
|
|
|
|
|
|
‡ | Real Estate Investment Trust |
* | Non-income producing security. |
(A) | Security sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” The total value of these securities at March 31, 2018 was $11,471 (000) and represents 0.8% of Net Assets. |
(B) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of March 31, 2018, was $0 (000) and represented 0.0% of Net Assets. |
(C) | Level 3 security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of March 31, 2018, was $0 (000) and represented 0.0% of Net Assets. |
(D) | Currently, no stated interest rate. |
(E) | The rate reported is the 7-day effective yield as of March 31, 2018. |
ADR — American Depositary Receipt
Cl — Class
EAFE — Europe, Australasia and Far East
GDR — Global Depositary Receipt
MSCI — Morgan Stanley Capital International
NVDR — Non-Voting Depositary Receipt
PJSC — Public Joint Stock Company
REIT — Real Estate Investment Trust
S&P — Standard & Poor’s
TSX — Toronto Stock Exchange
The following is a list of the level of inputs used as of March 31, 2018, in valuing the Fund’s investments and other financial instruments carried at value (000):
Investments In Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock |
||||||||||||||||
Argentina |
1,835 | - | - | 1,835 | ||||||||||||
Australia |
77 | 43,967 | - | 44,044 | ||||||||||||
Austria |
- | 2,992 | - | 2,992 | ||||||||||||
Belgium |
- | 9,625 | - | 9,625 | ||||||||||||
Brazil |
19,353 | - | - | 19,353 | ||||||||||||
Canada |
63,945 | 77 | - | 64,022 | ||||||||||||
Chile |
4,089 | - | - | 4,089 | ||||||||||||
China |
26,108 | 3,184 | - | 29,292 | ||||||||||||
Colombia |
1,227 | - | - | 1,227 | ||||||||||||
Czech Republic |
- | 499 | - | 499 | ||||||||||||
Denmark |
23 | 21,606 | - | 21,629 | ||||||||||||
Egypt |
- | 91 | - | 91 | ||||||||||||
Finland |
- | 11,842 | - | 11,842 | ||||||||||||
France |
57 | 96,459 | - | 96,516 | ||||||||||||
Germany |
84 | 83,164 | - | 83,248 | ||||||||||||
Greece |
- | 3,587 | - | 3,587 | ||||||||||||
Hong Kong |
428 | 88,529 | - | 88,957 | ||||||||||||
Hungary |
- | 2,312 | - | 2,312 | ||||||||||||
India |
4,046 | 31,122 | - | 35,168 | ||||||||||||
Indonesia |
- | 8,309 | - | 8,309 | ||||||||||||
Ireland |
592 | 7,721 | - | 8,313 | ||||||||||||
Israel |
3,699 | 2,169 | - | 5,868 | ||||||||||||
Italy |
67 | 26,091 | - | 26,158 | ||||||||||||
Japan |
117 | 218,703 | - | 218,820 | ||||||||||||
Kenya |
- | 333 | - | 333 | ||||||||||||
Luxembourg |
1,497 | 168 | - | 1,665 | ||||||||||||
Malaysia |
- | 4,506 | - | 4,506 | ||||||||||||
Mexico |
5,569 | - | - | 5,569 | ||||||||||||
Netherlands |
1,038 | 46,975 | - | 48,013 | ||||||||||||
New Zealand |
47 | 2,196 | - | 2,243 | ||||||||||||
Norway |
57 | 12,077 | - | 12,134 | ||||||||||||
Panama |
45 | - | - | 45 | ||||||||||||
Peru |
2,461 | - | - | 2,461 | ||||||||||||
Philippines |
39 | 1,428 | - | 1,467 | ||||||||||||
Poland |
- | 5,100 | - | 5,100 | ||||||||||||
Portugal |
- | 959 | - | 959 | ||||||||||||
Qatar |
- | 3,630 | - | 3,630 | ||||||||||||
Russia |
1,136 | 3,796 | - | 4,932 | ||||||||||||
Singapore |
509 | 32,643 | - | 33,152 | ||||||||||||
South Africa |
- | 29,910 | - | 29,910 | ||||||||||||
South Korea |
5,840 | 38,090 | - | 43,930 | ||||||||||||
Spain |
- | 26,092 | - | 26,092 | ||||||||||||
Sweden |
8 | 21,427 | - | 21,435 | ||||||||||||
Switzerland |
16 | 96,690 | - | 96,706 | ||||||||||||
Taiwan |
21,030 | 6,920 | - | 27,950 | ||||||||||||
Thailand |
- | 13,932 | - | 13,932 | ||||||||||||
Turkey |
- | 9,810 | - | 9,810 | ||||||||||||
United Arab Emirates |
- | 568 | - | 568 | ||||||||||||
United Kingdom |
5,878 | 215,399 | - | 221,277 | ||||||||||||
United States |
15,458 | - | - | 15,458 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Common Stock |
186,375 | 1,234,698 | - | 1,421,073 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Preferred Stock |
$ | 17,042 | $ | - | $ |
- |
$ | 17,042 | ||||||||
Rights |
5 | 144 | - | 149 | ||||||||||||
Exchange Traded Fund |
47 | - | - | 47 | ||||||||||||
Short-Term Investment |
35,170 | - | - | 35,170 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments in Securities |
$ | 238,639 | $ | 1,234,841 | $ |
- |
$ | 1,473,481 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Futures Contracts** |
||||||||||||||||
Unrealized Depreciation |
$ | (252 | ) $ | - | $ | - | $ | (252 | ) | |||||||
|
|
|
|
|
|
|
|
|||||||||
Total Other Financial Instruments |
$ | (252 | ) $ | - | $ | - | $ | (252 | ) | |||||||
|
|
|
|
|
|
|
|
** | Futures contracts are valued at the unrealized depreciation on the instrument. |
^ | A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments in at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets. |
For the period ended March 31, 2018, there were transfers between Level 1 and Level 2 assets and liabilities. Changes in the classifications between Levels 1 and 2 occur when foreign equity securities are fair valued using other observable market based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded. Transfers, if any, between levels are considered to have occurred as of the end of the period.
For the period ended March 31, 2018, securities with a total value of $106 (000) transferred from Level 2 to Level 1 as a result of fair valuation of foreign equity securities. For the period ended March 31, 2018, securities with a total value of $1,234,841 (000) transferred from Level 1 to Level 2. For the period ended March 31, 2018 there were no transfers in and out of Level 3.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
Amounts designated as “—“ are $0 or have been rounded to $0.
69
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face Amount (000) |
Value (000) | ||||||
U.S. Treasury Obligations — 27.5% |
|
|||||||
U.S. Treasury Bonds |
||||||||
5.375%, 02/15/31 |
$ | 1,000 | $ | 1,280 | ||||
5.000%, 05/15/37 |
2,240 | 2,952 | ||||||
4.750%, 02/15/37 |
10,315 | 13,203 | ||||||
4.625%, 02/15/40 |
500 | 640 | ||||||
4.375%, 02/15/38 |
900 | 1,107 | ||||||
3.875%, 08/15/40 |
500 | 579 | ||||||
3.750%, 11/15/43 |
6,500 | 7,424 | ||||||
3.625%, 02/15/44 |
1,250 | 1,401 | ||||||
3.500%, 02/15/39 |
3,300 | 3,626 | ||||||
3.375%, 05/15/44 |
6,000 | 6,453 | ||||||
3.000%, 05/15/47 - 02/15/48 |
10,842 | 10,899 | ||||||
2.875%, 11/15/46 |
6,344 | 6,222 | ||||||
2.750%, 11/15/47 - 08/15/47 |
23,264 | 22,239 | ||||||
2.500%, 05/15/46 |
834 | 758 | ||||||
2.250%, 08/15/46 |
3,450 | 2,972 | ||||||
U.S. Treasury Notes |
||||||||
3.625%, 02/15/20 |
1,750 | 1,793 | ||||||
3.500%, 05/15/20 |
750 | 768 | ||||||
3.375%, 11/15/19 |
1,000 | 1,018 | ||||||
3.125%, 05/15/19 |
1,500 | 1,515 | ||||||
2.750%, 02/15/28 - 02/28/25 |
18,265 | 18,291 | ||||||
2.625%, 02/28/23 - 08/15/20 |
20,502 | 20,573 | ||||||
2.500%, 03/31/23 - 08/15/23 |
12,677 | 12,591 | ||||||
2.375%, 01/31/23 - 05/15/27 |
24,341 | 24,194 | ||||||
2.250%, 02/29/20 - 03/31/21 |
45,712 | 44,973 | ||||||
2.125%, 12/31/22 - 09/30/24 |
28,550 | 27,785 | ||||||
2.000%, 01/31/20 - 09/30/20 |
62,016 | 60,969 | ||||||
1.875%, 09/30/22 - 02/28/22 |
29,767 | 29,007 | ||||||
1.750%, 06/30/22 - 09/30/22 |
15,603 | 15,188 | ||||||
1.625%, 05/15/26 - 11/15/22 |
32,463 | 30,887 | ||||||
1.500%, 08/15/26 - 03/31/23 |
22,092 | 21,004 | ||||||
1.375%, 09/30/20 - 09/30/23 |
36,856 | 35,920 | ||||||
1.250%, 10/31/21 - 04/30/19 |
23,796 | 22,986 | ||||||
1.125%, 02/28/21 - 08/31/21 |
14,220 | 13,668 | ||||||
1.000%, 09/30/19 |
800 | 786 | ||||||
0.875%, 04/15/19 |
1,000 | 987 | ||||||
0.750%, 07/15/19 - 08/15/19 |
1,750 | 1,717 | ||||||
|
|
|||||||
Total U.S. Treasury Obligations |
468,375 | |||||||
|
|
|||||||
Corporate Obligations — 23.9% |
|
|||||||
Consumer Discretionary – 1.7% |
|
|||||||
21st Century Fox America |
||||||||
6.400%, 12/15/35 |
973 | 1,230 | ||||||
6.150%, 02/15/41 |
500 | 629 | ||||||
4.500%, 02/15/21 |
100 | 104 | ||||||
3.700%, 10/15/25 |
20 | 20 | ||||||
Amazon.com |
||||||||
4.800%, 12/05/34 |
300 | 332 | ||||||
4.050%, 08/22/47 (A) |
150 | 150 | ||||||
3.875%, 08/22/37 (A) |
100 | 100 |
Description | Face Amount (000) |
Value (000) | ||||||
American Honda Finance |
|
|||||||
2.650%, 02/12/21 |
$ | 100 | $ | 100 | ||||
2.600%, 11/16/22 |
50 | 49 | ||||||
2.450%, 09/24/20 |
100 | 99 | ||||||
1.950%, 07/20/20 |
45 | 44 | ||||||
Aptiv |
||||||||
3.150%, 11/19/20 |
100 | 100 | ||||||
Arcos Dorados Holdings |
||||||||
5.875%, 04/04/27 (A) |
330 | 333 | ||||||
AutoNation |
||||||||
3.800%, 11/15/27 |
25 | 24 | ||||||
AutoZone |
||||||||
3.750%, 06/01/27 |
100 | 98 | ||||||
Bed Bath & Beyond |
||||||||
3.749%, 08/01/24 |
25 | 25 | ||||||
Block Financial |
||||||||
4.125%, 10/01/20 |
200 | 203 | ||||||
Booking Holdings |
||||||||
2.750%, 03/15/23 |
50 | 48 | ||||||
CBS |
||||||||
3.375%, 03/01/22 |
150 | 149 | ||||||
3.375%, 02/15/28 |
1,235 | 1,148 | ||||||
2.900%, 06/01/23 (A) |
100 | 97 | ||||||
Charter Communications Operating |
|
|||||||
6.484%, 10/23/45 |
150 | 165 | ||||||
6.384%, 10/23/35 |
247 | 276 | ||||||
5.375%, 05/01/47 |
536 | 518 | ||||||
3.579%, 07/23/20 |
200 | 201 | ||||||
Comcast |
||||||||
4.400%, 08/15/35 |
100 | 103 | ||||||
4.250%, 01/15/33 |
500 | 518 | ||||||
4.000%, 08/15/47 |
200 | 189 | ||||||
3.900%, 03/01/38 |
1,590 | 1,542 | ||||||
3.375%, 02/15/25 |
125 | 123 | ||||||
3.150%, 03/01/26 |
50 | 48 | ||||||
2.750%, 03/01/23 |
100 | 97 | ||||||
Daimler Finance North America |
|
|||||||
3.350%, 02/22/23 (A) |
1,435 | 1,430 | ||||||
Delphi |
||||||||
4.150%, 03/15/24 |
40 | 41 | ||||||
Diageo Investment |
||||||||
2.875%, 05/11/22 |
100 | 99 | ||||||
Discovery Communications |
|
|||||||
5.000%, 09/20/37 |
150 | 150 | ||||||
3.800%, 03/13/24 |
50 | 49 | ||||||
2.950%, 03/20/23 |
50 | 48 | ||||||
Dollar General |
||||||||
4.150%, 11/01/25 |
25 | 26 | ||||||
4.125%, 05/01/28 |
35 | 35 | ||||||
DR Horton |
||||||||
4.000%, 02/15/20 |
35 | 36 | ||||||
Expedia |
||||||||
4.500%, 08/15/24 |
100 | 101 | ||||||
Ford Motor |
||||||||
7.450%, 07/16/31 |
513 | 622 | ||||||
5.291%, 12/08/46 |
150 | 147 | ||||||
4.346%, 12/08/26 |
45 | 44 |
70
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Ford Motor Credit |
||||||||
5.875%, 08/02/21 |
200 | $ | 214 | |||||
3.339%, 03/28/22 |
200 | 197 | ||||||
2.425%, 06/12/20 |
200 | 196 | ||||||
2.343%, 11/02/20 |
2,803 | 2,729 | ||||||
General Motors |
||||||||
6.750%, 04/01/46 |
250 | 290 | ||||||
5.200%, 04/01/45 |
150 | 146 | ||||||
5.150%, 04/01/38 |
870 | 867 | ||||||
General Motors Financial |
||||||||
4.300%, 07/13/25 |
100 | 100 | ||||||
4.000%, 01/15/25 |
100 | 99 | ||||||
4.000%, 10/06/26 |
50 | 48 | ||||||
3.700%, 05/09/23 |
100 | 99 | ||||||
2.450%, 11/06/20 |
2,306 | 2,254 | ||||||
2.350%, 10/04/19 |
50 | 50 | ||||||
Grupo Televisa |
||||||||
7.250%, 05/14/43 (MXN) |
2,840 | 118 | ||||||
5.000%, 05/13/45 |
200 | 188 | ||||||
Hasbro |
||||||||
3.500%, 09/15/27 |
30 | 28 | ||||||
Home Depot |
||||||||
5.875%, 12/16/36 |
150 | 193 | ||||||
4.400%, 04/01/21 |
100 | 104 | ||||||
4.250%, 04/01/46 |
100 | 105 | ||||||
2.800%, 09/14/27 |
50 | 47 | ||||||
2.625%, 06/01/22 |
100 | 98 | ||||||
2.000%, 06/15/19 |
100 | 99 | ||||||
2.000%, 04/01/21 |
100 | 98 | ||||||
1.800%, 06/05/20 |
71 | 70 | ||||||
Lear |
||||||||
5.250%, 01/15/25 |
45 | 48 | ||||||
Lowe’s |
||||||||
4.625%, 04/15/20 |
100 | 103 | ||||||
3.100%, 05/03/27 |
100 | 96 | ||||||
2.500%, 04/15/26 |
50 | 46 | ||||||
1.150%, 04/15/19 |
20 | 20 | ||||||
Macy’s Retail Holdings |
||||||||
3.625%, 06/01/24 |
100 | 96 | ||||||
Magna International |
||||||||
3.625%, 06/15/24 |
50 | 50 | ||||||
Marriott International |
||||||||
3.125%, 10/15/21 |
100 | 99 | ||||||
McDonald’s |
||||||||
4.600%, 05/26/45 |
665 | 700 | ||||||
4.450%, 03/01/47 |
150 | 155 | ||||||
3.500%, 03/01/27 |
100 | 98 | ||||||
3.375%, 05/26/25 |
100 | 99 | ||||||
3.350%, 04/01/23 |
130 | 131 | ||||||
2.750%, 12/09/20 |
20 | 20 | ||||||
NBCUniversal Media |
||||||||
4.375%, 04/01/21 |
100 | 104 | ||||||
Newell Brands |
||||||||
5.500%, 04/01/46 |
100 | 106 | ||||||
4.000%, 12/01/24 |
50 | 49 | ||||||
3.150%, 04/01/21 |
150 | 149 | ||||||
NIKE |
||||||||
2.375%, 11/01/26 |
200 | 184 |
Description | Face Amount (000) |
Value (000) | ||||||
Nordstrom |
||||||||
5.000%, 01/15/44 |
$ | 100 | $ | 94 | ||||
4.000%, 03/15/27 |
30 | 29 | ||||||
Omnicom Group |
||||||||
3.600%, 04/15/26 |
100 | 97 | ||||||
O’Reilly Automotive |
||||||||
3.550%, 03/15/26 |
50 | 49 | ||||||
President & Fellows of Harvard College |
|
|||||||
3.150%, 07/15/46 |
100 | 92 | ||||||
QVC |
||||||||
4.450%, 02/15/25 |
65 | 64 | ||||||
Scripps Networks Interactive |
|
|||||||
2.750%, 11/15/19 |
100 | 99 | ||||||
Starbucks |
||||||||
2.450%, 06/15/26 |
200 | 187 | ||||||
Target |
||||||||
4.000%, 07/01/42 |
200 | 195 | ||||||
Time Warner |
||||||||
4.750%, 03/29/21 |
100 | 105 | ||||||
3.600%, 07/15/25 |
100 | 97 | ||||||
2.100%, 06/01/19 |
100 | 99 | ||||||
Time Warner Cable |
||||||||
8.250%, 04/01/19 |
200 | 210 | ||||||
7.300%, 07/01/38 |
216 | 259 | ||||||
5.875%, 11/15/40 |
500 | 522 | ||||||
4.000%, 09/01/21 |
100 | 100 | ||||||
TJX |
||||||||
2.750%, 06/15/21 |
100 | 99 | ||||||
Toyota Motor Credit |
||||||||
4.250%, 01/11/21 |
100 | 103 | ||||||
2.750%, 05/17/21 |
100 | 99 | ||||||
2.700%, 01/11/23 |
200 | 196 | ||||||
2.250%, 10/18/23 |
50 | 48 | ||||||
1.550%, 10/18/19 |
910 | 894 | ||||||
USJ Acucar e Alcool |
||||||||
9.875%, 11/09/21 (A) |
305 | 268 | ||||||
Viacom |
||||||||
6.875%, 04/30/36 |
100 | 119 | ||||||
4.375%, 03/15/43 |
216 | 193 | ||||||
3.450%, 10/04/26 |
150 | 142 | ||||||
Walt Disney |
||||||||
3.700%, 12/01/42 |
72 | 70 | ||||||
3.150%, 09/17/25 |
100 | 98 | ||||||
1.850%, 05/30/19 |
150 | 149 | ||||||
Wesleyan University |
||||||||
4.781%, 07/01/16 |
726 | 738 | ||||||
Whirlpool |
||||||||
4.000%, 03/01/24 |
60 | 62 | ||||||
Wyndham Worldwide |
||||||||
4.250%, 03/01/22 |
50 | 50 | ||||||
|
|
|||||||
28,106 | ||||||||
|
|
|||||||
Consumer Staples – 2.2% |
| |||||||
Adecoagro |
||||||||
6.000%, 09/21/27 (A) |
980 | 919 | ||||||
Altria Group |
||||||||
9.250%, 08/06/19 |
200 | 217 | ||||||
5.375%, 01/31/44 |
100 | 115 |
71
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face Amount (000) |
Value (000) | ||||||
Anheuser-Busch InBev Finance |
||||||||
4.900%, 02/01/46 |
$ | 896 | $ | 966 | ||||
4.700%, 02/01/36 |
150 | 159 | ||||||
3.650%, 02/01/26 |
350 | 348 | ||||||
3.300%, 02/01/23 |
150 | 150 | ||||||
2.650%, 02/01/21 |
215 | 213 | ||||||
Anheuser-Busch InBev Worldwide |
||||||||
5.375%, 01/15/20 |
100 | 104 | ||||||
4.950%, 01/15/42 |
500 | 542 | ||||||
4.600%, 04/15/48 |
1,736 | 1,796 | ||||||
4.439%, 10/06/48 |
100 | 101 | ||||||
4.000%, 04/13/28 |
55 | 56 | ||||||
2.500%, 07/15/22 |
100 | 97 | ||||||
Archer-Daniels-Midland |
||||||||
3.750%, 09/15/47 |
100 | 94 | ||||||
BAT Capital |
||||||||
4.540%, 08/15/47 (A) |
100 | 99 | ||||||
4.390%, 08/15/37 (A) |
792 | 787 | ||||||
3.557%, 08/15/27 (A) |
2,781 | 2,664 | ||||||
3.222%, 08/15/24 (A) |
50 | 48 | ||||||
2.764%, 08/15/22 (A) |
50 | 48 | ||||||
2.297%, 08/14/20 (A) |
50 | 49 | ||||||
Bunge Finance |
||||||||
3.250%, 08/15/26 |
120 | 113 | ||||||
3.000%, 09/25/22 |
30 | 29 | ||||||
Campbell Soup |
||||||||
4.800%, 03/15/48 |
1,083 | 1,086 | ||||||
4.150%, 03/15/28 |
50 | 49 | ||||||
3.650%, 03/15/23 |
3,822 | 3,825 | ||||||
Central American Bottling |
||||||||
5.750%, 01/31/27 (A) |
195 | 200 | ||||||
Church & Dwight |
||||||||
2.450%, 08/01/22 |
100 | 97 | ||||||
CK Hutchison International 17 |
||||||||
2.250%, 09/29/20 (A) |
957 | 939 | ||||||
Clorox |
||||||||
3.500%, 12/15/24 |
50 | 50 | ||||||
Coca-Cola |
||||||||
3.300%, 09/01/21 |
100 | 101 | ||||||
2.875%, 10/27/25 |
50 | 49 | ||||||
2.550%, 06/01/26 |
50 | 47 | ||||||
2.450%, 11/01/20 |
50 | 50 | ||||||
1.875%, 10/27/20 |
50 | 49 | ||||||
Constellation Brands |
||||||||
4.250%, 05/01/23 |
50 | 51 | ||||||
3.875%, 11/15/19 |
10 | 10 | ||||||
3.750%, 05/01/21 |
15 | 15 | ||||||
3.200%, 02/15/23 |
150 | 147 | ||||||
2.650%, 11/07/22 |
1,672 | 1,616 | ||||||
Costco Wholesale |
||||||||
1.700%, 12/15/19 |
100 | 99 | ||||||
CVS Health |
||||||||
5.125%, 07/20/45 |
200 | 212 | ||||||
5.050%, 03/25/48 |
1,482 | 1,559 | ||||||
4.780%, 03/25/38 |
65 | 66 | ||||||
4.300%, 03/25/28 |
110 | 110 | ||||||
3.875%, 07/20/25 |
120 | 119 | ||||||
3.700%, 03/09/23 |
2,919 | 2,935 | ||||||
3.350%, 03/09/21 |
1,208 | 1,215 | ||||||
2.875%, 06/01/26 |
200 | 184 | ||||||
2.125%, 06/01/21 |
50 | 48 |
Description | Face Amount (000) |
Value (000) | ||||||
CVS Pass-Through Trust |
||||||||
4.163%, 08/11/36 (A) |
$ | 607 | $ | 577 | ||||
General Mills |
||||||||
3.150%, 12/15/21 |
150 | 149 | ||||||
Hershey |
||||||||
2.300%, 08/15/26 |
50 | 46 | ||||||
Ingredion |
||||||||
3.200%, 10/01/26 |
50 | 48 | ||||||
JBS USA LUX |
||||||||
6.750%, 02/15/28 (A) |
340 | 326 | ||||||
JM Smucker |
||||||||
2.500%, 03/15/20 |
100 | 99 | ||||||
Kellogg |
||||||||
4.000%, 12/15/20 |
100 | 102 | ||||||
3.400%, 11/15/27 |
25 | 24 | ||||||
Kimberly-Clark |
||||||||
2.750%, 02/15/26 |
100 | 96 | ||||||
Kraft Heinz Foods |
||||||||
5.000%, 06/04/42 |
150 | 150 | ||||||
3.950%, 07/15/25 |
150 | 149 | ||||||
3.500%, 07/15/22 |
200 | 200 | ||||||
2.000%, 07/02/18 |
735 | 734 | ||||||
Kroger |
||||||||
3.300%, 01/15/21 |
100 | 100 | ||||||
2.650%, 10/15/26 |
200 | 181 | ||||||
McCormick |
||||||||
3.150%, 08/15/24 |
100 | 97 | ||||||
Mead Johnson Nutrition |
||||||||
3.000%, 11/15/20 |
30 | 30 | ||||||
MHP |
||||||||
7.750%, 05/10/24 (A) |
270 | 284 | ||||||
MHP Lux |
||||||||
6.950%, 04/03/26 (A) |
210 | 210 | ||||||
Molson Coors Brewing |
||||||||
4.200%, 07/15/46 |
200 | 189 | ||||||
1.450%, 07/15/19 |
25 | 25 | ||||||
Mondelez International |
||||||||
5.375%, 02/10/20 |
200 | 208 | ||||||
PepsiCo |
||||||||
3.600%, 03/01/24 |
100 | 102 | ||||||
3.450%, 10/06/46 |
200 | 184 | ||||||
3.000%, 10/15/27 |
50 | 48 | ||||||
2.850%, 02/24/26 |
100 | 96 | ||||||
2.375%, 10/06/26 |
200 | 184 | ||||||
2.000%, 04/15/21 |
50 | 49 | ||||||
Philip Morris International |
||||||||
4.500%, 03/26/20 |
100 | 103 | ||||||
3.375%, 08/11/25 |
100 | 98 | ||||||
2.500%, 11/02/22 |
100 | 97 | ||||||
1.875%, 02/25/21 |
200 | 193 | ||||||
Procter & Gamble |
||||||||
3.500%, 10/25/47 |
100 | 95 | ||||||
2.450%, 11/03/26 |
50 | 47 | ||||||
2.150%, 08/11/22 |
100 | 97 | ||||||
1.900%, 11/01/19 |
100 | 99 | ||||||
Reynolds American |
||||||||
8.125%, 06/23/19 |
100 | 106 | ||||||
4.450%, 06/12/25 |
150 | 155 | ||||||
2.300%, 06/12/18 |
3,807 | 3,805 |
72
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Sysco |
||||||||
4.450%, 03/15/48 |
$ | 1,225 | $ | 1,224 | ||||
3.550%, 03/15/25 |
50 | 50 | ||||||
2.600%, 10/01/20 |
50 | 50 | ||||||
2.500%, 07/15/21 |
35 | 34 | ||||||
1.900%, 04/01/19 |
30 | 30 | ||||||
Tyson Foods |
||||||||
4.875%, 08/15/34 |
200 | 212 | ||||||
Unilever Capital |
||||||||
4.250%, 02/10/21 |
150 | 155 | ||||||
2.200%, 05/05/22 |
100 | 97 | ||||||
Walgreens Boots Alliance |
||||||||
3.450%, 06/01/26 |
165 | 156 | ||||||
2.700%, 11/18/19 |
100 | 99 | ||||||
Wal-Mart Stores |
||||||||
3.625%, 12/15/47 |
250 | 245 | ||||||
3.300%, 04/22/24 |
100 | 101 | ||||||
2.650%, 12/15/24 |
50 | 48 | ||||||
1.900%, 12/15/20 |
300 | 294 | ||||||
|
|
|||||||
37,019 | ||||||||
|
|
|||||||
Energy – 3.0% |
||||||||
Abu Dhabi Crude Oil Pipeline |
||||||||
4.600%, 11/02/47 (A) |
1,048 | 1,018 | ||||||
Anadarko Petroleum |
||||||||
6.950%, 06/15/19 |
2,744 | 2,870 | ||||||
6.600%, 03/15/46 |
200 | 251 | ||||||
6.450%, 09/15/36 |
1,332 | 1,597 | ||||||
Andeavor |
||||||||
4.750%, 12/15/23 |
150 | 156 | ||||||
3.800%, 04/01/28 |
30 | 28 | ||||||
Andeavor Logistics |
||||||||
5.200%, 12/01/47 |
150 | 148 | ||||||
3.500%, 12/01/22 |
25 | 24 | ||||||
Apache |
||||||||
3.250%, 04/15/22 |
100 | 99 | ||||||
Baker Hughes a GE |
||||||||
3.337%, 12/15/27 |
100 | 96 | ||||||
Boardwalk Pipelines |
||||||||
4.950%, 12/15/24 |
50 | 51 | ||||||
BP Capital Markets |
||||||||
3.561%, 11/01/21 |
200 | 203 | ||||||
2.500%, 11/06/22 |
250 | 242 | ||||||
2.237%, 05/10/19 |
100 | 99 | ||||||
2.112%, 09/16/21 |
100 | 97 | ||||||
1.768%, 09/19/19 |
1,408 | 1,390 | ||||||
1.676%, 05/03/19 |
20 | 20 | ||||||
Buckeye Partners |
||||||||
3.950%, 12/01/26 |
200 | 189 | ||||||
Canadian Natural Resources |
||||||||
3.900%, 02/01/25 |
150 | 149 | ||||||
3.850%, 06/01/27 |
100 | 98 | ||||||
Cenovus Energy |
||||||||
5.700%, 10/15/19 |
25 | 26 | ||||||
5.250%, 06/15/37 |
200 | 201 | ||||||
4.450%, 09/15/42 |
40 | 36 | ||||||
3.000%, 08/15/22 |
20 | 19 |
Description | Face Amount (000) |
Value (000) | ||||||
Chevron |
||||||||
2.954%, 05/16/26 |
$ | 50 | $ | 48 | ||||
2.566%, 05/16/23 |
50 | 49 | ||||||
2.355%, 12/05/22 |
150 | 146 | ||||||
2.193%, 11/15/19 |
90 | 89 | ||||||
2.100%, 05/16/21 |
50 | 49 | ||||||
1.961%, 03/03/20 |
50 | 49 | ||||||
1.561%, 05/16/19 |
50 | 49 | ||||||
Cimarex Energy |
||||||||
3.900%, 05/15/27 |
100 | 99 | ||||||
CNOOC Finance 2015 USA |
||||||||
3.500%, 05/05/25 |
200 | 193 | ||||||
Concho Resources |
||||||||
4.375%, 01/15/25 |
50 | 51 | ||||||
ConocoPhillips |
||||||||
6.500%, 02/01/39 |
300 | 394 | ||||||
Devon Energy |
||||||||
3.250%, 05/15/22 |
100 | 99 | ||||||
Ecopetrol |
||||||||
7.375%, 09/18/43 |
200 | 234 | ||||||
5.875%, 09/18/23 |
100 | 107 | ||||||
Emera US Finance |
||||||||
4.750%, 06/15/46 |
200 | 201 | ||||||
Enable Midstream Partners |
||||||||
2.400%, 05/15/19 |
50 | 49 | ||||||
Enbridge |
||||||||
3.700%, 07/15/27 |
100 | 96 | ||||||
Enbridge Energy Partners |
||||||||
5.875%, 10/15/25 |
100 | 110 | ||||||
Encana |
||||||||
3.900%, 11/15/21 |
50 | 51 | ||||||
Energy Transfer |
||||||||
6.625%, 10/15/36 |
1,282 | 1,419 | ||||||
6.125%, 12/15/45 |
150 | 156 | ||||||
4.500%, 11/01/23 |
100 | 101 | ||||||
4.200%, 04/15/27 |
200 | 193 | ||||||
EnLink Midstream Partners |
||||||||
5.450%, 06/01/47 |
150 | 147 | ||||||
2.700%, 04/01/19 |
800 | 796 | ||||||
Enterprise Products Operating |
||||||||
5.950%, 02/01/41 |
100 | 118 | ||||||
4.250%, 02/15/48 |
1,334 | 1,300 | ||||||
3.700%, 02/15/26 |
250 | 248 | ||||||
3.350%, 03/15/23 |
100 | 100 | ||||||
2.850%, 04/15/21 |
30 | 30 | ||||||
2.800%, 02/15/21 |
1,808 | 1,788 | ||||||
EOG Resources |
||||||||
3.150%, 04/01/25 |
100 | 97 | ||||||
2.625%, 03/15/23 |
100 | 96 | ||||||
Equities |
||||||||
3.900%, 10/01/27 |
50 | 48 | ||||||
Exxon Mobil |
||||||||
4.114%, 03/01/46 |
150 | 158 | ||||||
3.043%, 03/01/26 |
50 | 49 | ||||||
2.726%, 03/01/23 |
35 | 34 | ||||||
2.709%, 03/06/25 |
150 | 145 | ||||||
2.222%, 03/01/21 |
20 | 20 | ||||||
Fermaca Enterprises |
||||||||
6.375%, 03/30/38 (A) |
550 | 593 |
73
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Halliburton |
||||||||
5.000%, 11/15/45 |
$ | 100 | $ | 109 | ||||
3.800%, 11/15/25 |
150 | 151 | ||||||
3.500%, 08/01/23 |
100 | 100 | ||||||
Hess |
||||||||
4.300%, 04/01/27 |
200 | 196 | ||||||
Husky Energy |
||||||||
4.000%, 04/15/24 |
100 | 102 | ||||||
KazMunayGas National JSC |
||||||||
5.750%, 04/19/47 (A) |
815 | 801 | ||||||
Kinder Morgan |
||||||||
5.550%, 06/01/45 |
300 | 315 | ||||||
4.300%, 03/01/28 |
100 | 99 | ||||||
3.050%, 12/01/19 |
50 | 50 | ||||||
Kinder Morgan Energy Partners |
||||||||
6.375%, 03/01/41 |
150 | 168 | ||||||
5.500%, 03/01/44 |
100 | 102 | ||||||
3.500%, 03/01/21 |
20 | 20 | ||||||
Magellan Midstream Partners |
||||||||
4.250%, 02/01/21 |
100 | 102 | ||||||
Marathon Oil |
||||||||
6.600%, 10/01/37 |
150 | 181 | ||||||
Marathon Petroleum |
||||||||
5.000%, 09/15/54 |
1,047 | 1,018 | ||||||
3.400%, 12/15/20 |
657 | 662 | ||||||
MPLX |
||||||||
5.200%, 03/01/47 |
683 | 714 | ||||||
4.700%, 04/15/48 |
465 | 453 | ||||||
4.125%, 03/01/27 |
65 | 64 | ||||||
4.000%, 02/15/25 |
25 | 25 | ||||||
National Oilwell Varco |
||||||||
2.600%, 12/01/22 |
100 | 95 | ||||||
Nexen Energy ULC |
||||||||
6.400%, 05/15/37 |
450 | 555 | ||||||
Noble Energy |
||||||||
4.950%, 08/15/47 |
100 | 104 | ||||||
4.150%, 12/15/21 |
100 | 102 | ||||||
Nostrum Oil & Gas Finance BV |
||||||||
8.000%, 07/25/22 (A) |
200 | 205 | ||||||
7.000%, 02/16/25 (A) |
260 | 253 | ||||||
Occidental Petroleum |
||||||||
4.400%, 04/15/46 |
200 | 209 | ||||||
4.200%, 03/15/48 |
680 | 685 | ||||||
3.400%, 04/15/26 |
70 | 69 | ||||||
Odebrecht Drilling Norbe VIII/IX |
||||||||
7.350% cash/0% PIK, 12/01/26 (A) |
165 | 84 | ||||||
6.350%, 12/01/21 (A) |
140 | 136 | ||||||
Odebrecht Oil & Gas Finance |
||||||||
0.511%, 01/03/66 (A) (B) |
97 | 2 | ||||||
ONEOK |
||||||||
4.000%, 07/13/27 |
30 | 30 | ||||||
ONEOK Partners |
||||||||
6.850%, 10/15/37 |
391 | 477 | ||||||
3.375%, 10/01/22 |
100 | 99 | ||||||
Peru LNG Srl |
||||||||
5.375%, 03/22/30 (A) |
670 | 672 |
Description | Face Amount (000) |
Value (000) | ||||||
Petrobras Global Finance BV |
||||||||
8.375%, 05/23/21 |
$ | 210 | $ | 239 | ||||
7.375%, 01/17/27 |
420 | 455 | ||||||
6.125%, 01/17/22 |
20 | 22 | ||||||
4.375%, 05/20/23 |
1,165 | 1,143 | ||||||
Petroleos de Venezuela |
||||||||
9.000%, 11/17/21 (C) |
660 | 213 | ||||||
8.500%, 10/27/20 (A) |
184 | 157 | ||||||
6.000%, 11/15/26 |
385 | 103 | ||||||
5.375%, 04/12/27 (C) |
365 | 100 | ||||||
Petroleos del Peru |
||||||||
4.750%, 06/19/32 (A) |
320 | 312 | ||||||
Petroleos Mexicanos |
||||||||
8.000%, 05/03/19 |
250 | 262 | ||||||
6.875%, 08/04/26 |
50 | 55 | ||||||
6.750%, 09/21/47 |
1,518 | 1,536 | ||||||
6.625%, 06/15/35 |
410 | 424 | ||||||
6.500%, 03/13/27 |
930 | 993 | ||||||
6.500%, 06/02/41 |
350 | 347 | ||||||
6.375%, 02/04/21 |
50 | 53 | ||||||
6.375%, 01/23/45 |
190 | 185 | ||||||
6.350%, 02/12/48 (A) |
576 | 557 | ||||||
5.500%, 01/21/21 |
4,084 | 4,251 | ||||||
5.500%, 06/27/44 |
160 | 143 | ||||||
5.350%, 02/12/28 (A) |
255 | 252 | ||||||
4.875%, 01/24/22 |
620 | 635 | ||||||
4.625%, 09/21/23 |
200 | 200 | ||||||
3.500%, 07/23/20 |
100 | 100 | ||||||
3.500%, 01/30/23 |
455 | 437 | ||||||
Phillips 66 |
||||||||
4.650%, 11/15/34 |
300 | 315 | ||||||
Phillips 66 Partners |
||||||||
3.605%, 02/15/25 |
25 | 24 | ||||||
Pioneer Natural Resources |
||||||||
3.450%, 01/15/21 |
100 | 101 | ||||||
Plains All American Pipeline |
||||||||
4.900%, 02/15/45 |
955 | 878 | ||||||
4.650%, 10/15/25 |
150 | 151 | ||||||
4.500%, 12/15/26 |
1,117 | 1,108 | ||||||
3.850%, 10/15/23 |
150 | 146 | ||||||
Rio Energy |
||||||||
6.875%, 02/01/25 (A) |
330 | 326 | ||||||
Sabine Pass Liquefaction |
||||||||
5.625%, 02/01/21 |
140 | 147 | ||||||
5.625%, 03/01/25 |
85 | 92 | ||||||
Shell International Finance |
||||||||
4.550%, 08/12/43 |
400 | 434 | ||||||
3.250%, 05/11/25 |
150 | 149 | ||||||
2.875%, 05/10/26 |
100 | 96 | ||||||
1.875%, 05/10/21 |
200 | 193 | ||||||
Sinopec Group Overseas Development |
||||||||
3.500%, 05/03/26 (A) |
580 | 558 | ||||||
Spectra Energy Partners |
||||||||
3.500%, 03/15/25 |
100 | 96 | ||||||
State Oil of the Azerbaijan Republic |
||||||||
4.750%, 03/13/23 |
705 | 702 | ||||||
Statoil |
||||||||
3.950%, 05/15/43 |
200 | 202 | ||||||
3.700%, 03/01/24 |
100 | 102 | ||||||
2.450%, 01/17/23 |
125 | 121 |
74
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Stoneway Capital |
||||||||
10.000%, 03/01/27 (A) |
330 | $ | 359 | |||||
Suncor Energy |
||||||||
6.500%, 06/15/38 |
150 | 192 | ||||||
Sunoco Logistics Partners Operations |
||||||||
4.400%, 04/01/21 |
100 | 102 | ||||||
Total Capital Canada |
||||||||
2.750%, 07/15/23 |
100 | 97 | ||||||
Total Capital International |
||||||||
2.700%, 01/25/23 |
100 | 98 | ||||||
TransCanada PipeLines |
||||||||
4.875%, 01/15/26 |
100 | 108 | ||||||
4.625%, 03/01/34 |
300 | 318 | ||||||
Transcontinental Gas Pipe Line |
||||||||
4.000%, 03/15/28 (A) |
200 | 196 | ||||||
Valero Energy |
||||||||
6.125%, 02/01/20 |
1,127 | 1,188 | ||||||
3.650%, 03/15/25 |
100 | 99 | ||||||
Western Gas Partners |
||||||||
5.300%, 03/01/48 |
774 | 767 | ||||||
Williams Partners |
||||||||
6.300%, 04/15/40 |
286 | 328 | ||||||
5.250%, 03/15/20 |
250 | 259 | ||||||
4.850%, 03/01/48 |
25 | 25 | ||||||
3.600%, 03/15/22 |
100 | 99 | ||||||
YPF |
||||||||
16.500%, 05/09/22 (ARS) (A) |
6,000 | 276 | ||||||
|
|
|||||||
51,741 | ||||||||
|
|
|||||||
Financials – 7.1% |
||||||||
ABN AMRO Bank |
||||||||
2.650%, 01/19/21 (A) |
3,638 | 3,580 | ||||||
Aflac |
||||||||
3.625%, 06/15/23 |
100 | 101 | ||||||
AIA Group |
||||||||
2.250%, 03/11/19 (A) |
424 | 421 | ||||||
AIG Global Funding |
||||||||
1.950%, 10/18/19 (A) |
1,400 | 1,383 | ||||||
Allstate |
||||||||
4.200%, 12/15/46 |
200 | 201 | ||||||
American Express |
||||||||
3.400%, 02/27/23 |
4,920 | 4,903 | ||||||
2.500%, 08/01/22 |
100 | 97 | ||||||
American Express Credit |
||||||||
2.700%, 03/03/22 |
100 | 98 | ||||||
2.375%, 05/26/20 |
100 | 99 | ||||||
2.250%, 05/05/21 |
100 | 97 | ||||||
2.200%, 03/03/20 |
100 | 99 | ||||||
American Financial Group |
||||||||
3.500%, 08/15/26 |
35 | 34 | ||||||
American International Group |
||||||||
4.750%, 04/01/48 |
150 | 154 | ||||||
4.700%, 07/10/35 |
200 | 207 | ||||||
4.500%, 07/16/44 |
1,139 | 1,124 | ||||||
3.875%, 01/15/35 |
200 | 187 | ||||||
Ameriprise Financial |
||||||||
5.300%, 03/15/20 |
100 | 104 | ||||||
Aon |
||||||||
5.000%, 09/30/20 |
100 | 104 |
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Ares Capital |
||||||||
3.875%, 01/15/20 |
60 | $ | 61 | |||||
Assurant |
||||||||
4.000%, 03/15/23 |
74 | 75 | ||||||
Australia & New Zealand Banking Group NY |
||||||||
2.625%, 05/19/22 |
250 | 244 | ||||||
Banco BTG Pactual |
||||||||
4.000%, 01/16/20 (A) |
490 | 478 | ||||||
Banco de Costa Rica |
||||||||
5.250%, 08/12/18 (A) |
540 | 543 | ||||||
Banco del Estado de Chile |
||||||||
2.668%, 01/08/21 (A) |
2,317 | 2,268 | ||||||
Banco Nacional de Costa Rica |
||||||||
5.875%, 04/25/21 (A) |
460 | 475 | ||||||
4.875%, 11/01/18 (A) |
550 | 550 | ||||||
Banco Santander |
||||||||
3.125%, 02/23/23 |
200 | 194 | ||||||
Bank of America |
||||||||
5.000%, 01/21/44 |
250 | 281 | ||||||
4.450%, 03/03/26 |
130 | 133 | ||||||
4.244%, VAR ICE LIBOR USD 3 |
||||||||
Month+1.814%, 04/24/38 |
100 | 102 | ||||||
4.200%, 08/26/24 |
165 | 168 | ||||||
4.183%, 11/25/27 |
250 | 248 | ||||||
4.100%, 07/24/23 |
100 | 103 | ||||||
4.000%, 01/22/25 |
6,188 | 6,176 | ||||||
3.950%, 04/21/25 |
200 | 198 | ||||||
3.946%, VAR ICE LIBOR USD 3 |
||||||||
Month+1.190%, 01/23/49 |
100 | 96 | ||||||
3.500%, 04/19/26 |
50 | 49 | ||||||
3.419%, VAR ICE LIBOR USD 3 |
||||||||
Month+1.040%, 12/20/28 (A) |
112 | 107 | ||||||
3.366%, VAR ICE LIBOR USD 3 |
||||||||
Month+0.810%, 01/23/26 |
200 | 195 | ||||||
3.093%, VAR ICE LIBOR USD 3 |
||||||||
Month+1.090%, 10/01/25 |
100 | 96 | ||||||
2.881%, VAR ICE LIBOR USD 3 |
||||||||
Month+1.021%, 04/24/23 |
200 | 196 | ||||||
2.503%, 10/21/22 |
100 | 96 | ||||||
2.250%, 04/21/20 |
250 | 246 | ||||||
2.151%, 11/09/20 |
100 | 98 | ||||||
Bank of Georgia JSC |
||||||||
11.000%, 06/01/20 (GEL) (A) |
1,370 | 573 | ||||||
Bank of Montreal |
||||||||
2.100%, 12/12/19 |
65 | 64 | ||||||
2.100%, 06/15/20 |
100 | 98 | ||||||
Bank of New York Mellon |
||||||||
3.550%, 09/23/21 |
100 | 102 | ||||||
3.400%, 01/29/28 |
50 | 49 | ||||||
3.300%, 08/23/29 |
100 | 94 | ||||||
3.000%, 02/24/25 |
100 | 97 | ||||||
2.950%, 01/29/23 |
50 | 49 | ||||||
2.500%, 04/15/21 |
100 | 98 | ||||||
2.450%, 11/27/20 |
50 | 49 | ||||||
2.450%, 08/17/26 |
50 | 46 |
75
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Bank of Nova Scotia |
||||||||
2.800%, 07/21/21 |
$ | 100 | $ | 99 | ||||
2.500%, 01/08/21 |
3,163 | 3,116 | ||||||
2.450%, 03/22/21 |
50 | 49 | ||||||
2.150%, 07/14/20 |
200 | 196 | ||||||
1.650%, 06/14/19 |
50 | 50 | ||||||
Barclays |
||||||||
4.375%, 01/12/26 |
200 | 200 | ||||||
2.875%, 06/08/20 |
250 | 248 | ||||||
Barclays Bank |
||||||||
2.650%, 01/11/21 |
200 | 197 | ||||||
Barrick North America Finance |
||||||||
4.400%, 05/30/21 |
37 | 38 | ||||||
BB&T |
||||||||
2.750%, 04/01/22 |
200 | 196 | ||||||
2.450%, 01/15/20 |
100 | 99 | ||||||
Berkshire Hathaway |
||||||||
3.125%, 03/15/26 |
200 | 195 | ||||||
Berkshire Hathaway Finance |
||||||||
4.300%, 05/15/43 |
200 | 212 | ||||||
1.300%, 08/15/19 |
35 | 34 | ||||||
BGEO Group JSC |
||||||||
6.000%, 07/26/23 (A) |
550 | 556 | ||||||
BlackRock |
||||||||
5.000%, 12/10/19 |
100 | 104 | ||||||
BNP Paribas |
||||||||
3.500%, 03/01/23 (A) |
1,904 | 1,889 | ||||||
3.500%, 11/16/27 (A) |
1,458 | 1,393 | ||||||
2.375%, 05/21/20 |
200 | 198 | ||||||
BOC Aviation |
||||||||
3.875%, 04/27/26 (A) |
200 | 194 | ||||||
Branch Banking & Trust |
||||||||
1.450%, 05/10/19 |
1,641 | 1,617 | ||||||
Brighthouse Financial |
||||||||
3.700%, 06/22/27 (A) |
50 | 46 | ||||||
Brookfield Finance |
||||||||
3.900%, 01/25/28 |
100 | 97 | ||||||
Canadian Imperial Bank of Commerce |
||||||||
2.700%, 02/02/21 |
40 | 40 | ||||||
1.600%, 09/06/19 |
50 | 49 | ||||||
Capital One Financial |
||||||||
3.800%, 01/31/28 |
100 | 97 | ||||||
3.750%, 07/28/26 |
100 | 95 | ||||||
3.300%, 10/30/24 |
100 | 96 | ||||||
3.200%, 02/05/25 |
50 | 48 | ||||||
3.050%, 03/09/22 |
150 | 147 | ||||||
2.500%, 05/12/20 |
1,649 | 1,623 | ||||||
2.450%, 04/24/19 |
100 | 100 | ||||||
Cboe Global Markets |
||||||||
1.950%, 06/28/19 |
30 | 30 | ||||||
Charles Schwab |
||||||||
4.450%, 07/22/20 |
100 | 104 | ||||||
Chubb INA Holdings |
||||||||
3.350%, 05/15/24 |
100 | 100 | ||||||
3.350%, 05/03/26 |
150 | 147 | ||||||
2.875%, 11/03/22 |
150 | 149 | ||||||
Citibank |
||||||||
2.125%, 10/20/20 |
2,647 | 2,589 |
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Citigroup |
||||||||
8.125%, 07/15/39 |
250 | $ | 379 | |||||
4.450%, 09/29/27 |
896 | 907 | ||||||
4.281%, VAR ICE LIBOR USD 3 Month+1.839%, 04/24/48 |
100 | 101 | ||||||
4.125%, 07/25/28 |
85 | 84 | ||||||
3.887%, VAR ICE LIBOR USD 3 Month+1.563%, 01/10/28 |
200 | 199 | ||||||
3.750%, 06/16/24 |
100 | 100 | ||||||
3.668%, VAR ICE LIBOR USD 3 Month+1.390%, 07/24/28 |
100 | 97 | ||||||
3.520%, VAR ICE LIBOR USD 3 Month+1.151%, 10/27/28 |
200 | 193 | ||||||
3.500%, 05/15/23 |
100 | 99 | ||||||
3.300%, 04/27/25 |
100 | 97 | ||||||
3.142%, VAR ICE LIBOR USD 3 Month+0.722%, 01/24/23 |
185 | 183 | ||||||
2.900%, 12/08/21 |
100 | 98 | ||||||
2.876%, VAR ICE LIBOR USD 3 Month+0.950%, 07/24/23 |
4,804 | 4,675 | ||||||
2.750%, 04/25/22 |
100 | 97 | ||||||
2.650%, 10/26/20 |
100 | 99 | ||||||
2.500%, 07/29/19 |
100 | 100 | ||||||
2.400%, 02/18/20 |
100 | 99 | ||||||
Citigroup Global Markets Holdings |
||||||||
24.750%, 03/03/21 (GHS) (A) (D) (H) |
2,060 | 554 | ||||||
18.880%, 04/12/18 (EGP) (A) (B) (H) |
14,000 | 792 | ||||||
18.677%, 06/16/18 (NGN) (B) (H) |
161,000 | 435 | ||||||
18.229%, 05/19/18 (NGN) (B) (H) |
153,000 | 418 | ||||||
15.615%, 09/13/18 (EGP) (A) (B) (H) |
8,700 | 458 | ||||||
14.541%, 12/13/18 (EGP) (A) (B) (H) |
8,000 | 405 | ||||||
14.373%, 01/24/19 (EGP) (A) (B) (H) |
13,600 | 678 | ||||||
12.993%, 10/22/18 (NGN) (A) (B) (H) |
331,080 | 849 | ||||||
16.673%, 11/08/18 (EGP) (B) (H) |
17,200 | 888 | ||||||
Citizens Bank |
||||||||
2.200%, 05/26/20 |
250 | 245 | ||||||
Citizens Financial Group |
||||||||
2.375%, 07/28/21 |
30 | 29 | ||||||
CME Group |
||||||||
3.000%, 03/15/25 |
150 | 146 | ||||||
CNA Financial |
||||||||
5.875%, 08/15/20 |
100 | 106 | ||||||
Comerica |
||||||||
2.125%, 05/23/19 |
50 | 50 | ||||||
Cooperatieve Rabobank UA |
||||||||
3.375%, 05/21/25 |
250 | 247 | ||||||
2.750%, 01/10/23 |
250 | 243 | ||||||
2.250%, 01/14/20 |
250 | 247 | ||||||
Credit Agricole |
||||||||
3.250%, 10/04/24 (A) |
1,371 | 1,310 | ||||||
Credit Suisse Group Funding Guernsey |
||||||||
4.875%, 05/15/45 |
250 | 264 | ||||||
3.125%, 12/10/20 |
250 | 249 | ||||||
Credit Suisse New York |
||||||||
3.625%, 09/09/24 |
250 | 249 | ||||||
Deutsche Bank |
||||||||
3.700%, 05/30/24 |
85 | 82 | ||||||
2.950%, 08/20/20 |
100 | 98 |
76
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Deutsche Bank NY |
||||||||
3.950%, 02/27/23 |
$ | 200 | $ | 199 | ||||
3.150%, 01/22/21 |
100 | 99 | ||||||
2.700%, 07/13/20 |
150 | 147 | ||||||
Discover Bank |
||||||||
3.100%, 06/04/20 |
250 | 249 | ||||||
Discover Financial Services |
||||||||
4.100%, 02/09/27 |
40 | 40 | ||||||
Fibria Overseas Finance |
||||||||
5.500%, 01/17/27 |
25 | 26 | ||||||
Fifth Third Bancorp |
||||||||
2.875%, 07/27/20 |
250 | 249 | ||||||
First Republic Bank |
||||||||
4.625%, 02/13/47 |
200 | 205 | ||||||
FMS Wertmanagement AoeR |
||||||||
1.375%, 06/08/21 |
200 | 192 | ||||||
FS Investment |
||||||||
4.250%, 01/15/20 |
30 | 30 | ||||||
Goldman Sachs Group |
||||||||
6.750%, 10/01/37 |
200 | 251 | ||||||
5.150%, 05/22/45 |
350 | 377 | ||||||
4.750%, 10/21/45 |
662 | 708 | ||||||
4.017%, VAR ICE LIBOR USD 3 Month+1.373%, 10/31/38 |
150 | 145 | ||||||
3.814%, VAR ICE LIBOR USD 3 Month+1.158%, 04/23/29 |
2,338 | 2,292 | ||||||
3.750%, 05/22/25 |
100 | 99 | ||||||
3.750%, 02/25/26 |
250 | 246 | ||||||
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/28 |
165 | 160 | ||||||
3.625%, 01/22/23 |
537 | 539 | ||||||
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/25 |
75 | 72 | ||||||
3.200%, 02/23/23 |
150 | 148 | ||||||
2.908%, VAR ICE LIBOR USD 3 Month+1.053%, 06/05/23 |
100 | 97 | ||||||
2.876%, VAR ICE LIBOR USD 3 Month+0.821%, 10/31/22 |
100 | 98 | ||||||
2.750%, 09/15/20 |
75 | 74 | ||||||
2.625%, 04/25/21 |
100 | 98 | ||||||
2.600%, 04/23/20 |
100 | 99 | ||||||
2.600%, 12/27/20 |
100 | 98 | ||||||
2.550%, 10/23/19 |
200 | 199 | ||||||
2.350%, 11/15/21 |
45 | 43 | ||||||
2.300%, 12/13/19 |
85 | 84 | ||||||
Hanover Insurance Group |
||||||||
4.500%, 04/15/26 |
100 | 100 | ||||||
Hartford Financial Services Group |
||||||||
5.500%, 03/30/20 |
630 | 659 | ||||||
4.400%, 03/15/48 |
100 | 102 | ||||||
HSBC Holdings |
||||||||
6.500%, 09/15/37 |
250 | 311 | ||||||
5.250%, 03/14/44 |
200 | 220 | ||||||
4.250%, 08/18/25 |
200 | 199 | ||||||
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/28 |
200 | 200 | ||||||
4.000%, 03/30/22 |
100 | 102 | ||||||
3.600%, 05/25/23 |
200 | 200 | ||||||
3.262%, VAR ICE LIBOR USD 3 Month+1.055%, 03/13/23 |
4,523 | 4,464 | ||||||
2.950%, 05/25/21 |
200 | 198 |
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Industrial & Commercial Bank of China |
||||||||
2.905%, 11/13/20 |
250 | $ | 247 | |||||
Intercontinental Exchange |
||||||||
4.000%, 10/15/23 |
150 | 155 | ||||||
Jefferies Group |
||||||||
6.875%, 04/15/21 |
100 | 109 | ||||||
JPMorgan Chase |
||||||||
5.600%, 07/15/41 |
250 | 302 | ||||||
4.350%, 08/15/21 |
250 | 259 | ||||||
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/48 |
709 | 713 | ||||||
3.964%, VAR ICE LIBOR USD 3 Month+1.380%, 11/15/48 |
1,354 | 1,303 | ||||||
3.897%, VAR ICE LIBOR USD 3 Month+1.220%, 01/23/49 |
150 | 143 | ||||||
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/38 |
150 | 146 | ||||||
3.625%, 05/13/24 |
100 | 100 | ||||||
3.540%, VAR ICE LIBOR USD 3 Month+1.380%, 05/01/28 |
200 | 195 | ||||||
3.509%, VAR ICE LIBOR USD 3 Month+0.945%, 01/23/29 |
687 | 667 | ||||||
3.300%, 04/01/26 |
100 | 97 | ||||||
3.220%, VAR ICE LIBOR USD 3 Month+1.155%, 03/01/25 |
160 | 156 | ||||||
3.200%, 06/15/26 |
100 | 96 | ||||||
3.125%, 01/23/25 |
150 | 145 | ||||||
2.972%, 01/15/23 |
400 | 392 | ||||||
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/23 |
75 | 73 | ||||||
2.750%, 06/23/20 |
300 | 298 | ||||||
2.700%, 05/18/23 |
100 | 97 | ||||||
2.550%, 10/29/20 |
180 | 178 | ||||||
2.400%, 06/07/21 |
50 | 49 | ||||||
JPMorgan Chase Bank |
||||||||
8.375%, 03/17/34 (IDR) (A) (H) |
3,000,000 | 236 | ||||||
KeyBank |
||||||||
2.400%, 06/09/22 |
250 | 242 | ||||||
KeyCorp |
||||||||
5.100%, 03/24/21 |
150 | 158 | ||||||
KFW |
||||||||
2.500%, 11/20/24 |
650 | 636 | ||||||
1.875%, 06/30/20 |
200 | 197 | ||||||
1.875%, 11/30/20 |
200 | 197 | ||||||
1.250%, 09/30/19 |
150 | 148 | ||||||
1.000%, 07/15/19 |
100 | 98 | ||||||
Kreditanstalt fuer Wiederaufbau |
||||||||
2.875%, 04/03/28 |
90 | 90 | ||||||
2.625%, 04/12/21 |
100 | 100 | ||||||
2.375%, 12/29/22 |
280 | 275 | ||||||
Landwirtschaftliche Rentenbank |
||||||||
2.500%, 11/15/27 |
150 | 145 | ||||||
1.750%, 04/15/19 |
100 | 99 | ||||||
Lazard Group |
||||||||
3.750%, 02/13/25 |
50 | 49 | ||||||
Lima Metro Line 2 Finance |
||||||||
5.875%, 07/05/34 (A) |
790 | 816 | ||||||
Lincoln National |
||||||||
3.625%, 12/12/26 |
100 | 98 |
77
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Lloyds Banking Group |
||||||||
4.582%, 12/10/25 |
$ | 200 | $ | 200 | ||||
2.907%, VAR ICE LIBOR USD 3 Month+0.810%, 11/07/23 |
200 | 193 | ||||||
Loews |
||||||||
2.625%, 05/15/23 |
100 | 96 | ||||||
Manufacturers & Traders Trust |
||||||||
2.625%, 01/25/21 |
250 | 247 | ||||||
Markel |
||||||||
3.500%, 11/01/27 |
50 | 48 | ||||||
Marsh & McLennan |
||||||||
3.750%, 03/14/26 |
150 | 150 | ||||||
2.750%, 01/30/22 |
30 | 29 | ||||||
2.350%, 09/10/19 |
75 | 75 | ||||||
MetLife |
||||||||
6.400%, 12/15/36 |
1,560 | 1,710 | ||||||
3.600%, 04/10/24 |
100 | 100 | ||||||
3.600%, 11/13/25 |
50 | 50 | ||||||
Mitsubishi UFJ Financial Group |
||||||||
3.961%, 03/02/28 |
941 | 945 | ||||||
3.850%, 03/01/26 |
200 | 200 | ||||||
3.287%, 07/25/27 |
50 | 48 | ||||||
2.665%, 07/25/22 |
50 | 48 | ||||||
Mizuho Financial Group |
||||||||
2.601%, 09/11/22 |
200 | 193 | ||||||
Moody’s |
||||||||
2.750%, 07/15/19 |
100 | 100 | ||||||
Morgan Stanley |
||||||||
6.375%, 07/24/42 |
200 | 259 | ||||||
4.875%, 11/01/22 |
100 | 105 | ||||||
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/38 |
1,032 | 1,008 | ||||||
3.875%, 01/27/26 |
200 | 200 | ||||||
3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/29 |
200 | 197 | ||||||
3.591%, VAR ICE LIBOR USD 3 Month+1.340%, 07/22/28 |
150 | 145 | ||||||
3.125%, 01/23/23 |
2,881 | 2,840 | ||||||
3.125%, 07/27/26 |
1,836 | 1,738 | ||||||
2.800%, 06/16/20 |
100 | 99 | ||||||
2.650%, 01/27/20 |
100 | 99 | ||||||
2.375%, 07/23/19 |
550 | 546 | ||||||
MUFG Americas Holdings |
||||||||
3.000%, 02/10/25 |
200 | 193 | ||||||
Nasdaq |
||||||||
3.850%, 06/30/26 |
150 | 148 | ||||||
National Australia Bank |
||||||||
2.625%, 01/14/21 |
250 | 247 | ||||||
National Rural Utilities Cooperative Finance |
||||||||
3.400%, 02/07/28 |
200 | 196 | ||||||
2.700%, 02/15/23 |
100 | 98 | ||||||
New York Life Global Funding |
||||||||
1.950%, 09/28/20 (A) |
2,487 | 2,427 | ||||||
Northern Trust 3.375%, VAR ICE LIBOR USD 3 Month+1.131%, 05/08/32 |
63 | 60 | ||||||
Oesterreichische Kontrollbank |
||||||||
2.875%, 03/13/23 |
50 | 50 | ||||||
1.875%, 01/20/21 |
150 | 147 |
Description | Face
Amount (000)(1) |
Value (000) | ||||||
ORIX |
||||||||
2.900%, 07/18/22 |
30 | $ | 29 | |||||
PNC Bank |
||||||||
2.450%, 07/28/22 |
250 | 242 | ||||||
2.400%, 10/18/19 |
250 | 248 | ||||||
1.450%, 07/29/19 |
250 | 246 | ||||||
Pricoa Global Funding I |
||||||||
1.900%, 09/21/18 (A) |
736 | 734 | ||||||
Principal Financial Group |
||||||||
3.400%, 05/15/25 |
100 | 98 | ||||||
Private Export Funding |
||||||||
2.250%, 03/15/20 |
200 | 199 | ||||||
Progressive |
||||||||
4.200%, 03/15/48 |
1,763 | 1,804 | ||||||
4.125%, 04/15/47 |
100 | 101 | ||||||
Prudential Financial |
||||||||
4.600%, 05/15/44 |
200 | 211 | ||||||
3.500%, 05/15/24 |
200 | 199 | ||||||
Regions Financial |
||||||||
3.200%, 02/08/21 |
50 | 50 | ||||||
2.750%, 08/14/22 |
50 | 48 | ||||||
Royal Bank of Canada |
||||||||
1.875%, 02/05/20 |
250 | 246 | ||||||
1.625%, 04/15/19 |
150 | 148 | ||||||
Royal Bank of Scotland Group |
||||||||
3.498%, VAR ICE LIBOR USD 3 Month+1.480%, 05/15/23 |
200 | 196 | ||||||
S&P Global |
||||||||
4.000%, 06/15/25 |
100 | 102 | ||||||
Santander Holdings USA |
||||||||
4.400%, 07/13/27 |
25 | 25 | ||||||
2.700%, 05/24/19 |
28 | 28 | ||||||
2.650%, 04/17/20 |
100 | 99 | ||||||
Santander UK |
||||||||
2.375%, 03/16/20 |
100 | 99 | ||||||
Santander UK Group Holdings |
||||||||
3.373%, VAR ICE LIBOR USD 3 Month+1.080%, 01/05/24 |
200 | 196 | ||||||
3.125%, 01/08/21 |
100 | 99 | ||||||
Standard Chartered Bank |
||||||||
11.000%, 08/05/25 (LKR) (A) (H) |
49,000 | 322 | ||||||
10.750%, 03/03/21 (LKR) (A) (H) |
132,000 | 861 | ||||||
8.250%, 05/19/36 (IDR) (A) (H) |
13,160,000 | 1,030 | ||||||
7.610%, 05/13/30 (INR) (A) (D) (H) |
24,000 | 365 | ||||||
Sumitomo Mitsui Banking |
||||||||
2.514%, 01/17/20 |
1,123 | 1,112 | ||||||
Sumitomo Mitsui Financial Group |
||||||||
3.784%, 03/09/26 |
50 | 50 | ||||||
3.544%, 01/17/28 |
50 | 49 | ||||||
3.446%, 01/11/27 |
50 | 49 | ||||||
3.364%, 07/12/27 |
100 | 96 | ||||||
3.102%, 01/17/23 |
50 | 49 | ||||||
2.934%, 03/09/21 |
250 | 249 | ||||||
2.846%, 01/11/22 |
50 | 49 | ||||||
2.784%, 07/12/22 |
50 | 49 | ||||||
2.778%, 10/18/22 |
50 | 48 | ||||||
SunTrust Banks |
||||||||
2.900%, 03/03/21 |
50 | 49 | ||||||
2.700%, 01/27/22 |
150 | 147 | ||||||
2.500%, 05/01/19 |
50 | 50 |
78
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Svensk Exportkredit |
||||||||
1.125%, 08/28/19 |
$ | 200 | $ | 196 | ||||
Svenska Handelsbanken |
||||||||
1.950%, 09/08/20 |
250 | 244 | ||||||
Synchrony Financial |
||||||||
4.500%, 07/23/25 |
100 | 100 | ||||||
3.000%, 08/15/19 |
100 | 100 | ||||||
TC Ziraat Bankasi |
||||||||
5.125%, 05/03/22 (A) |
200 | 196 | ||||||
TD Ameritrade Holding |
||||||||
3.300%, 04/01/27 |
30 | 29 | ||||||
Toronto-Dominion Bank |
||||||||
2.125%, 07/02/19 |
100 | 99 | ||||||
2.125%, 04/07/21 |
50 | 49 | ||||||
1.950%, 04/02/20 (A) |
473 | 465 | ||||||
1.900%, 10/24/19 |
100 | 99 | ||||||
1.800%, 07/13/21 |
100 | 96 | ||||||
Travelers |
||||||||
4.050%, 03/07/48 |
100 | 101 | ||||||
3.900%, 11/01/20 |
100 | 102 | ||||||
UBS |
||||||||
2.450%, 12/01/20 (A) |
2,650 | 2,602 | ||||||
2.350%, 03/26/20 |
250 | 246 | ||||||
Unum Group |
||||||||
4.000%, 03/15/24 |
50 | 51 | ||||||
US Bancorp |
||||||||
3.150%, 04/27/27 |
200 | 192 | ||||||
2.375%, 07/22/26 |
250 | 227 | ||||||
Voya Financial |
||||||||
3.125%, 07/15/24 |
50 | 48 | ||||||
Wells Fargo |
||||||||
4.900%, 11/17/45 |
714 | 749 | ||||||
4.750%, 12/07/46 |
454 | 465 | ||||||
4.650%, 11/04/44 |
350 | 353 | ||||||
4.125%, 08/15/23 |
200 | 203 | ||||||
3.584%, VAR ICE LIBOR USD 3 Month+1.310%, 05/22/28 |
325 | 317 | ||||||
3.550%, 09/29/25 |
100 | 98 | ||||||
3.000%, 01/22/21 |
100 | 99 | ||||||
3.000%, 02/19/25 |
100 | 95 | ||||||
3.000%, 04/22/26 |
100 | 94 | ||||||
3.000%, 10/23/26 |
250 | 234 | ||||||
2.625%, 07/22/22 |
150 | 145 | ||||||
2.550%, 12/07/20 |
85 | 84 | ||||||
2.150%, 01/30/20 |
1,178 | 1,160 | ||||||
Wells Fargo Bank |
||||||||
2.600%, 01/15/21 |
250 | 247 | ||||||
2.150%, 12/06/19 |
250 | 247 | ||||||
Westpac Banking |
||||||||
4.322%, VAR USD ICE Swap 11:00 NY 5 Yr+2.236%, 11/23/31 |
200 | 199 | ||||||
2.700%, 08/19/26 |
100 | 93 | ||||||
2.600%, 11/23/20 |
150 | 148 | ||||||
2.000%, 08/19/21 |
50 | 48 | ||||||
1.600%, 08/19/19 |
100 | 98 | ||||||
Willis North America |
||||||||
3.600%, 05/15/24 |
50 | 49 |
Description | Face Amount (000) |
Value (000) | ||||||
XLIT |
||||||||
5.750%, 10/01/21 |
$ | 74 | $ | 80 | ||||
|
|
|||||||
120,348 | ||||||||
|
|
|||||||
Health Care – 1.6% |
||||||||
Abbott Laboratories |
||||||||
4.900%, 11/30/46 |
200 | 219 | ||||||
4.750%, 11/30/36 |
855 | 923 | ||||||
3.400%, 11/30/23 |
50 | 49 | ||||||
2.900%, 11/30/21 |
2,483 | 2,457 | ||||||
2.800%, 09/15/20 |
150 | 149 | ||||||
2.350%, 11/22/19 |
44 | 44 | ||||||
AbbVie |
||||||||
4.700%, 05/14/45 |
200 | 206 | ||||||
4.500%, 05/14/35 |
200 | 205 | ||||||
4.300%, 05/14/36 |
150 | 150 | ||||||
3.200%, 11/06/22 |
100 | 99 | ||||||
2.900%, 11/06/22 |
5,327 | 5,204 | ||||||
2.850%, 05/14/23 |
50 | 48 | ||||||
2.500%, 05/14/20 |
973 | 960 | ||||||
2.300%, 05/14/21 |
50 | 49 | ||||||
Aetna |
||||||||
2.800%, 06/15/23 |
25 | 24 | ||||||
2.750%, 11/15/22 |
150 | 144 | ||||||
Agilent Technologies |
||||||||
3.050%, 09/22/26 |
65 | 61 | ||||||
Allergan Funding SCS |
||||||||
4.550%, 03/15/35 |
300 | 294 | ||||||
3.800%, 03/15/25 |
190 | 186 | ||||||
AmerisourceBergen |
||||||||
3.400%, 05/15/24 |
100 | 99 | ||||||
Amgen |
||||||||
4.563%, 06/15/48 |
300 | 305 | ||||||
2.125%, 05/01/20 |
200 | 197 | ||||||
1.850%, 08/19/21 |
200 | 192 | ||||||
Anthem |
||||||||
3.650%, 12/01/27 |
65 | 63 | ||||||
3.350%, 12/01/24 |
150 | 145 | ||||||
3.300%, 01/15/23 |
200 | 198 | ||||||
AstraZeneca |
||||||||
2.375%, 11/16/20 |
150 | 148 | ||||||
2.375%, 06/12/22 |
100 | 96 | ||||||
1.950%, 09/18/19 |
100 | 99 | ||||||
Baxalta |
||||||||
3.600%, 06/23/22 |
100 | 100 | ||||||
Baxter International |
||||||||
2.600%, 08/15/26 |
100 | 91 | ||||||
Becton Dickinson |
||||||||
4.685%, 12/15/44 |
200 | 201 | ||||||
3.700%, 06/06/27 |
50 | 48 | ||||||
3.125%, 11/08/21 |
100 | 99 | ||||||
2.404%, 06/05/20 |
20 | 20 | ||||||
Biogen |
||||||||
3.625%, 09/15/22 |
100 | 101 | ||||||
Boston Scientific |
||||||||
3.375%, 05/15/22 |
100 | 100 | ||||||
2.850%, 05/15/20 |
100 | 99 | ||||||
Bristol-Myers Squibb |
||||||||
2.000%, 08/01/22 |
100 | 96 |
79
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Cardinal Health |
||||||||
3.200%, 03/15/23 |
$ | 100 | $ | 99 | ||||
3.079%, 06/15/24 |
150 | 143 | ||||||
Celgene |
||||||||
5.000%, 08/15/45 |
250 | 260 | ||||||
3.900%, 02/20/28 |
1,046 | 1,030 | ||||||
3.875%, 08/15/25 |
100 | 99 | ||||||
3.250%, 02/20/23 |
100 | 98 | ||||||
2.875%, 02/19/21 |
45 | 45 | ||||||
Cigna |
||||||||
4.000%, 02/15/22 |
100 | 102 | ||||||
3.875%, 10/15/47 |
100 | 89 | ||||||
Danaher |
||||||||
3.350%, 09/15/25 |
30 | 30 | ||||||
Eli Lilly |
||||||||
3.100%, 05/15/27 |
49 | 48 | ||||||
2.350%, 05/15/22 |
100 | 97 | ||||||
Express Scripts Holding |
||||||||
4.800%, 07/15/46 |
200 | 203 | ||||||
4.750%, 11/15/21 |
100 | 104 | ||||||
Gilead Sciences |
||||||||
4.750%, 03/01/46 |
1,184 | 1,276 | ||||||
4.600%, 09/01/35 |
400 | 428 | ||||||
4.500%, 02/01/45 |
150 | 155 | ||||||
2.550%, 09/01/20 |
150 | 149 | ||||||
2.500%, 09/01/23 |
35 | 34 | ||||||
2.350%, 02/01/20 |
20 | 20 | ||||||
1.950%, 03/01/22 |
15 | 14 | ||||||
GlaxoSmithKline Capital |
||||||||
2.850%, 05/08/22 |
100 | 99 | ||||||
2.800%, 03/18/23 |
125 | 123 | ||||||
Humana |
||||||||
4.950%, 10/01/44 |
200 | 211 | ||||||
Johnson & Johnson |
||||||||
3.625%, 03/03/37 |
150 | 149 | ||||||
3.400%, 01/15/38 |
1,941 | 1,866 | ||||||
2.900%, 01/15/28 |
150 | 144 | ||||||
2.625%, 01/15/25 |
100 | 97 | ||||||
2.450%, 12/05/21 |
100 | 99 | ||||||
2.450%, 03/01/26 |
200 | 189 | ||||||
Kaiser Foundation Hospitals |
||||||||
3.150%, 05/01/27 |
25 | 24 | ||||||
Laboratory Corp of America Holdings |
||||||||
3.250%, 09/01/24 |
100 | 98 | ||||||
2.625%, 02/01/20 |
100 | 99 | ||||||
McKesson |
||||||||
2.850%, 03/15/23 |
200 | 192 | ||||||
Medtronic |
||||||||
4.625%, 03/15/45 |
200 | 219 | ||||||
4.375%, 03/15/35 |
200 | 212 | ||||||
2.750%, 04/01/23 |
100 | 98 | ||||||
2.500%, 03/15/20 |
150 | 149 | ||||||
Merck |
||||||||
2.750%, 02/10/25 |
200 | 193 | ||||||
1.850%, 02/10/20 |
150 | 148 | ||||||
Mylan |
||||||||
5.250%, 06/15/46 |
200 | 204 | ||||||
3.750%, 12/15/20 |
100 | 101 | ||||||
New York and Presbyterian Hospital |
||||||||
4.763%, 08/01/16 |
565 | 583 |
Description | Face Amount (000) |
Value (000) | ||||||
Novartis Capital |
||||||||
4.400%, 05/06/44 |
$ | 150 | $ | 164 | ||||
3.400%, 05/06/24 |
100 | 101 | ||||||
3.000%, 11/20/25 |
50 | 49 | ||||||
2.400%, 05/17/22 |
50 | 49 | ||||||
1.800%, 02/14/20 |
25 | 24 | ||||||
Pfizer |
||||||||
5.200%, 08/12/20 |
100 | 106 | ||||||
4.125%, 12/15/46 |
100 | 103 | ||||||
4.000%, 12/15/36 |
250 | 259 | ||||||
3.000%, 06/15/23 |
100 | 99 | ||||||
Quest Diagnostics |
||||||||
2.500%, 03/30/20 |
150 | 149 | ||||||
Shire Acquisitions Investments Ireland DAC |
||||||||
3.200%, 09/23/26 |
60 | 56 | ||||||
2.875%, 09/23/23 |
50 | 48 | ||||||
2.400%, 09/23/21 |
150 | 145 | ||||||
1.900%, 09/23/19 |
100 | 98 | ||||||
Stanford Health Care |
||||||||
3.795%, 11/15/48 |
100 | 100 | ||||||
Stryker |
||||||||
4.625%, 03/15/46 |
100 | 107 | ||||||
3.500%, 03/15/26 |
25 | 25 | ||||||
3.375%, 11/01/25 |
50 | 49 | ||||||
Teva Pharmaceutical Finance Netherlands III BV |
||||||||
6.750%, 03/01/28 (A) |
390 | 386 | ||||||
4.100%, 10/01/46 |
415 | 305 | ||||||
Thermo Fisher Scientific |
||||||||
3.600%, 08/15/21 |
100 | 101 | ||||||
3.200%, 08/15/27 |
100 | 95 | ||||||
2.950%, 09/19/26 |
30 | 28 | ||||||
UnitedHealth Group |
||||||||
4.625%, 07/15/35 |
200 | 219 | ||||||
4.250%, 04/15/47 |
100 | 102 | ||||||
3.750%, 07/15/25 |
50 | 51 | ||||||
2.950%, 10/15/27 |
150 | 143 | ||||||
2.875%, 03/15/22 |
100 | 99 | ||||||
2.300%, 12/15/19 |
50 | 49 | ||||||
Zimmer Biomet Holdings |
||||||||
3.550%, 04/01/25 |
150 | 146 | ||||||
Zoetis |
||||||||
3.250%, 02/01/23 |
50 | 49 | ||||||
3.000%, 09/12/27 |
50 | 47 | ||||||
|
|
|||||||
27,339 | ||||||||
|
|
|||||||
Industrials – 1.9% |
||||||||
3M |
||||||||
5.700%, 03/15/37 |
150 | 188 | ||||||
1.625%, 06/15/19 |
100 | 99 | ||||||
ABB Finance USA |
||||||||
3.800%, 04/03/28 |
150 | 151 | ||||||
AerCap Ireland Capital |
||||||||
4.625%, 10/30/20 |
225 | 231 | ||||||
4.500%, 05/15/21 |
1,836 | 1,881 | ||||||
3.750%, 05/15/19 |
175 | 176 | ||||||
Air Lease |
||||||||
2.125%, 01/15/20 |
50 | 49 |
80
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Allegion US Holding |
||||||||
3.550%, 10/01/27 |
$ | 50 | $ | 47 | ||||
American Airlines, Pass-Through Trust |
||||||||
4.950%, 01/15/23 |
140 | 145 | ||||||
Boeing |
||||||||
2.350%, 10/30/21 |
150 | 148 | ||||||
2.125%, 03/01/22 |
50 | 49 | ||||||
Burlington Northern Santa Fe |
||||||||
4.900%, 04/01/44 |
200 | 224 | ||||||
4.050%, 06/15/48 |
1,033 | 1,043 | ||||||
3.750%, 04/01/24 |
200 | 204 | ||||||
3.050%, 03/15/22 |
100 | 100 | ||||||
Canadian Pacific Railway |
||||||||
2.900%, 02/01/25 |
100 | 96 | ||||||
Caterpillar |
||||||||
5.200%, 05/27/41 |
100 | 121 | ||||||
3.900%, 05/27/21 |
50 | 52 | ||||||
3.400%, 05/15/24 |
100 | 100 | ||||||
Caterpillar Financial Services |
||||||||
1.350%, 05/18/19 |
200 | 197 | ||||||
Cintas No. 2 |
||||||||
3.700%, 04/01/27 |
200 | 200 | ||||||
CNH Industrial Capital |
||||||||
4.875%, 04/01/21 |
10 | 10 | ||||||
4.375%, 11/06/20 |
15 | 16 | ||||||
4.375%, 04/05/22 |
10 | 10 | ||||||
3.875%, 10/15/21 |
10 | 10 | ||||||
3.375%, 07/15/19 |
10 | 10 | ||||||
CSX |
||||||||
3.800%, 03/01/28 |
100 | 99 | ||||||
3.800%, 11/01/46 |
200 | 184 | ||||||
3.250%, 06/01/27 |
50 | 48 | ||||||
Delta Air Lines |
||||||||
2.600%, 12/04/20 |
45 | 44 | ||||||
DP World |
||||||||
6.850%, 07/02/37 (A) |
386 | 469 | ||||||
Eaton |
||||||||
3.103%, 09/15/27 |
100 | 94 | ||||||
Embraer Netherlands Finance BV |
||||||||
5.400%, 02/01/27 |
65 | 69 | ||||||
Emerson Electric |
||||||||
2.625%, 02/15/23 |
100 | 97 | ||||||
Eskom Holdings |
||||||||
6.750%, 08/06/23 (A) |
435 | 440 | ||||||
5.750%, 01/26/21 (A) |
410 | 406 | ||||||
FedEx |
||||||||
4.750%, 11/15/45 |
100 | 105 | ||||||
4.050%, 02/15/48 |
1,787 | 1,678 | ||||||
3.200%, 02/01/25 |
200 | 195 | ||||||
Fortive |
||||||||
3.150%, 06/15/26 |
150 | 144 | ||||||
GATX |
||||||||
3.850%, 03/30/27 |
200 | 196 | ||||||
GE Capital International Funding Unlimited |
||||||||
4.418%, 11/15/35 |
200 | 196 | ||||||
2.342%, 11/15/20 |
250 | 244 | ||||||
General Dynamics |
||||||||
2.250%, 11/15/22 |
100 | 96 |
Description | Face Amount (000) |
Value (000) | ||||||
General Electric |
||||||||
6.875%, 01/10/39 |
$ | 500 | $ | 648 | ||||
3.450%, 05/15/24 |
100 | 98 | ||||||
Georgian Oil and Gas JSC |
||||||||
6.750%, 04/26/21 (A) |
200 | 207 | ||||||
Georgian Railway |
||||||||
7.750%, 07/11/22 (A) |
1,100 | 1,200 | ||||||
Honeywell International |
||||||||
4.250%, 03/01/21 |
125 | 130 | ||||||
2.500%, 11/01/26 |
150 | 139 | ||||||
Ingersoll-Rand Global Holding |
||||||||
4.250%, 06/15/23 |
100 | 104 | ||||||
John Deere Capital |
||||||||
3.350%, 06/12/24 |
100 | 100 | ||||||
3.050%, 01/06/28 |
150 | 144 | ||||||
2.800%, 03/04/21 |
100 | 100 | ||||||
2.800%, 03/06/23 |
50 | 49 | ||||||
2.800%, 09/08/27 |
50 | 47 | ||||||
2.700%, 01/06/23 |
2,266 | 2,220 | ||||||
2.650%, 06/24/24 |
100 | 96 | ||||||
2.350%, 01/08/21 |
1,290 | 1,270 | ||||||
Johnson Controls International |
||||||||
4.500%, 02/15/47 |
150 | 152 | ||||||
3.625%, 07/02/24 (E) |
43 | 43 | ||||||
Kazakhstan Temir Zholy National JSC |
||||||||
4.850%, 11/17/27 (A) |
810 | 807 | ||||||
Koninklijke Philips |
||||||||
3.750%, 03/15/22 |
150 | 154 | ||||||
L3 Technologies |
||||||||
5.200%, 10/15/19 |
125 | 129 | ||||||
Latam Airlines, Pass-Through Trust |
||||||||
4.500%, 11/15/23 |
494 | 481 | ||||||
4.200%, 11/15/27 |
631 | 620 | ||||||
Lima Metro Line 2 Finance |
||||||||
5.875%, 07/05/34 |
200 | 207 | ||||||
Lockheed Martin |
||||||||
4.700%, 05/15/46 |
150 | 163 | ||||||
2.900%, 03/01/25 |
100 | 95 | ||||||
2.500%, 11/23/20 |
1,568 | 1,554 | ||||||
Masco |
||||||||
4.500%, 05/15/47 |
100 | 95 | ||||||
4.375%, 04/01/26 |
40 | 41 | ||||||
3.500%, 04/01/21 |
50 | 50 | ||||||
Mexico City Airport Trust |
||||||||
5.500%, 07/31/47 (A) |
895 | 817 | ||||||
Norfolk Southern |
||||||||
4.150%, 02/28/48 |
50 | 49 | ||||||
3.250%, 12/01/21 |
100 | 101 | ||||||
3.150%, 06/01/27 |
25 | 24 | ||||||
2.900%, 06/15/26 |
35 | 33 | ||||||
Northrop Grumman |
||||||||
4.030%, 10/15/47 |
1,234 | 1,185 | ||||||
3.500%, 03/15/21 |
100 | 101 | ||||||
3.250%, 08/01/23 |
50 | 50 | ||||||
2.550%, 10/15/22 |
2,007 | 1,945 | ||||||
Owens Corning |
||||||||
4.400%, 01/30/48 |
1,004 | 927 | ||||||
4.200%, 12/01/24 |
100 | 102 |
81
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
PACCAR Financial |
||||||||
1.950%, 02/27/20 |
$ | 60 | $ | 59 | ||||
1.300%, 05/10/19 |
20 | 20 | ||||||
Parker-Hannifin |
||||||||
3.300%, 11/21/24 |
150 | 149 | ||||||
Pitney Bowes |
||||||||
4.125%, 05/15/22 |
50 | 47 | ||||||
Republic Services |
||||||||
2.900%, 07/01/26 |
150 | 141 | ||||||
Rockwell Collins |
||||||||
3.200%, 03/15/24 |
150 | 146 | ||||||
Roper Technologies |
||||||||
2.800%, 12/15/21 |
150 | 148 | ||||||
Ryder System |
||||||||
2.800%, 03/01/22 |
30 | 29 | ||||||
2.550%, 06/01/19 |
95 | 95 | ||||||
Southwest Airlines |
||||||||
2.750%, 11/06/19 |
50 | 50 | ||||||
Stanley Black & Decker |
||||||||
2.900%, 11/01/22 |
100 | 98 | ||||||
Textron |
||||||||
3.650%, 03/15/27 |
100 | 98 | ||||||
TTX |
||||||||
2.250%, 02/01/19 (A) |
922 | 918 | ||||||
Union Pacific |
||||||||
3.799%, 10/01/51 |
200 | 191 | ||||||
3.646%, 02/15/24 |
100 | 102 | ||||||
3.600%, 09/15/37 |
150 | 144 | ||||||
United Airlines, Pass-Through Trust |
||||||||
4.300%, 08/15/25 |
83 | 85 | ||||||
3.750%, 09/03/26 |
86 | 85 | ||||||
United Parcel Service |
||||||||
5.125%, 04/01/19 |
100 | 103 | ||||||
3.750%, 11/15/47 |
1,468 | 1,404 | ||||||
3.125%, 01/15/21 |
45 | 45 | ||||||
3.050%, 11/15/27 |
100 | 96 | ||||||
United Technologies |
||||||||
3.750%, 11/01/46 |
150 | 135 | ||||||
3.100%, 06/01/22 |
100 | 99 | ||||||
2.650%, 11/01/26 |
130 | 120 | ||||||
2.300%, 05/04/22 |
100 | 96 | ||||||
1.950%, 11/01/21 |
50 | 48 | ||||||
1.500%, 11/01/19 |
50 | 49 | ||||||
Verisk Analytics |
||||||||
4.000%, 06/15/25 |
50 | 50 | ||||||
Waste Management |
||||||||
3.500%, 05/15/24 |
100 | 100 | ||||||
|
|
|||||||
31,788 | ||||||||
|
|
|||||||
Information Technology – 1.0% |
||||||||
Activision Blizzard |
||||||||
3.400%, 09/15/26 |
50 | 49 | ||||||
Alibaba Group Holding |
||||||||
4.200%, 12/06/47 |
1,011 | 970 | ||||||
2.800%, 06/06/23 |
250 | 242 | ||||||
Alphabet |
||||||||
3.375%, 02/25/24 |
100 | 102 | ||||||
Analog Devices |
||||||||
3.125%, 12/05/23 |
150 | 147 |
Description | Face Amount (000) |
Value (000) | ||||||
Apple |
||||||||
4.650%, 02/23/46 |
$ | 1,107 | $ | 1,219 | ||||
4.500%, 02/23/36 |
350 | 384 | ||||||
3.850%, 08/04/46 |
1,670 | 1,634 | ||||||
3.750%, 09/12/47 |
150 | 145 | ||||||
3.450%, 05/06/24 |
100 | 101 | ||||||
3.000%, 06/20/27 |
25 | 24 | ||||||
3.000%, 11/13/27 |
100 | 96 | ||||||
2.850%, 05/06/21 |
200 | 200 | ||||||
2.500%, 02/09/22 |
50 | 49 | ||||||
2.400%, 01/13/23 |
200 | 194 | ||||||
2.300%, 05/11/22 |
100 | 98 | ||||||
2.250%, 02/23/21 |
50 | 49 | ||||||
2.150%, 02/09/22 |
250 | 243 | ||||||
1.550%, 08/04/21 |
50 | 48 | ||||||
Applied Materials |
||||||||
3.300%, 04/01/27 |
25 | 24 | ||||||
2.625%, 10/01/20 |
50 | 50 | ||||||
Arrow Electronics |
||||||||
3.500%, 04/01/22 |
100 | 99 | ||||||
Automatic Data Processing |
||||||||
2.250%, 09/15/20 |
50 | 49 | ||||||
Baidu |
||||||||
3.875%, 09/29/23 |
200 | 200 | ||||||
Broadcom |
||||||||
3.000%, 01/15/22 |
100 | 98 | ||||||
2.375%, 01/15/20 |
100 | 99 | ||||||
2.200%, 01/15/21 |
100 | 97 | ||||||
Cisco Systems |
||||||||
4.450%, 01/15/20 |
200 | 206 | ||||||
3.625%, 03/04/24 |
100 | 102 | ||||||
3.500%, 06/15/25 |
50 | 51 | ||||||
2.950%, 02/28/26 |
50 | 48 | ||||||
2.500%, 09/20/26 |
100 | 93 | ||||||
1.850%, 09/20/21 |
100 | 97 | ||||||
Dell International |
||||||||
6.020%, 06/15/26 (A) |
260 | 280 | ||||||
5.450%, 06/15/23 (A) |
235 | 249 | ||||||
4.420%, 06/15/21 (A) |
100 | 103 | ||||||
eBay |
||||||||
2.750%, 01/30/23 |
250 | 241 | ||||||
Fidelity National Information Services |
||||||||
5.000%, 10/15/25 |
28 | 30 | ||||||
3.625%, 10/15/20 |
200 | 202 | ||||||
Fiserv |
||||||||
2.700%, 06/01/20 |
100 | 99 | ||||||
Harris |
||||||||
5.054%, 04/27/45 |
100 | 110 | ||||||
2.700%, 04/27/20 |
35 | 35 | ||||||
Hewlett Packard Enterprise |
||||||||
4.900%, 10/15/25 |
100 | 104 | ||||||
3.600%, 10/15/20 |
200 | 202 | ||||||
IBM Credit |
||||||||
1.800%, 01/20/21 |
100 | 97 | ||||||
Intel |
||||||||
4.100%, 05/19/46 |
250 | 256 | ||||||
3.700%, 07/29/25 |
25 | 25 | ||||||
3.150%, 05/11/27 |
100 | 98 | ||||||
2.875%, 05/11/24 |
150 | 147 | ||||||
2.450%, 07/29/20 |
60 | 60 |
82
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
International Business Machines |
||||||||
4.000%, 06/20/42 |
$ | 150 | $ | 152 | ||||
3.450%, 02/19/26 |
50 | 50 | ||||||
3.375%, 08/01/23 |
200 | 201 | ||||||
2.250%, 02/19/21 |
50 | 49 | ||||||
Jabil |
||||||||
3.950%, 01/12/28 |
150 | 145 | ||||||
Juniper Networks |
||||||||
4.500%, 03/15/24 |
50 | 51 | ||||||
Keysight Technologies |
||||||||
3.300%, 10/30/19 |
100 | 100 | ||||||
Mastercard |
||||||||
3.950%, 02/26/48 |
10 | 10 | ||||||
3.500%, 02/26/28 |
5 | 5 | ||||||
2.950%, 11/21/26 |
50 | 49 | ||||||
Microsoft |
||||||||
4.250%, 02/06/47 |
500 | 538 | ||||||
4.100%, 02/06/37 |
200 | 212 | ||||||
3.450%, 08/08/36 |
300 | 293 | ||||||
3.300%, 02/06/27 |
60 | 60 | ||||||
3.125%, 11/03/25 |
100 | 99 | ||||||
2.875%, 02/06/24 |
35 | 34 | ||||||
2.650%, 11/03/22 |
150 | 148 | ||||||
2.400%, 02/06/22 |
150 | 147 | ||||||
2.400%, 08/08/26 |
100 | 93 | ||||||
2.000%, 11/03/20 |
150 | 147 | ||||||
1.850%, 02/06/20 |
100 | 99 | ||||||
Motorola Solutions |
||||||||
3.500%, 09/01/21 |
100 | 100 | ||||||
NetApp |
||||||||
3.375%, 06/15/21 |
50 | 50 | ||||||
Oracle |
||||||||
5.375%, 07/15/40 |
280 | 334 | ||||||
4.300%, 07/08/34 |
500 | 528 | ||||||
3.900%, 05/15/35 |
200 | 200 | ||||||
3.800%, 11/15/37 |
2,445 | 2,418 | ||||||
2.950%, 05/15/25 |
100 | 97 | ||||||
2.500%, 05/15/22 |
150 | 147 | ||||||
2.400%, 09/15/23 |
50 | 48 | ||||||
1.900%, 09/15/21 |
90 | 87 | ||||||
QUALCOMM |
||||||||
4.300%, 05/20/47 |
150 | 145 | ||||||
3.250%, 05/20/27 |
50 | 47 | ||||||
3.000%, 05/20/22 |
100 | 99 | ||||||
2.600%, 01/30/23 |
200 | 192 | ||||||
Texas Instruments |
||||||||
2.750%, 03/12/21 |
75 | 75 | ||||||
Total System Services |
||||||||
4.800%, 04/01/26 |
100 | 105 | ||||||
Tyco Electronics Group |
||||||||
3.125%, 08/15/27 |
25 | 24 | ||||||
Visa |
||||||||
4.300%, 12/14/45 |
150 | 161 | ||||||
3.150%, 12/14/25 |
200 | 196 | ||||||
2.800%, 12/14/22 |
100 | 99 | ||||||
Xerox |
||||||||
3.625%, 03/15/23 |
100 | 98 | ||||||
|
|
|||||||
17,577 | ||||||||
|
|
Description | Face Amount (000) |
Value (000) | ||||||
Materials – 0.8% |
||||||||
Agrium |
||||||||
6.125%, 01/15/41 |
$ | 150 | $ | 180 | ||||
Airgas |
||||||||
3.650%, 07/15/24 |
100 | 102 | ||||||
Barrick |
||||||||
5.250%, 04/01/42 |
150 | 163 | ||||||
BHP Billiton Finance USA |
||||||||
5.000%, 09/30/43 |
100 | 116 | ||||||
Braskem Finance |
||||||||
6.450%, 02/03/24 |
660 | 717 | ||||||
Celanese US Holdings |
||||||||
5.875%, 06/15/21 |
20 | 21 | ||||||
4.625%, 11/15/22 |
20 | 21 | ||||||
Dow Chemical |
||||||||
8.550%, 05/15/19 |
1,600 | 1,698 | ||||||
Ecolab |
||||||||
3.250%, 01/14/23 |
100 | 100 | ||||||
EI du Pont de Nemours |
||||||||
4.625%, 01/15/20 |
100 | 103 | ||||||
4.150%, 02/15/43 |
150 | 145 | ||||||
2.200%, 05/01/20 |
17 | 17 | ||||||
Goldcorp |
||||||||
3.700%, 03/15/23 |
50 | 50 | ||||||
International Paper |
||||||||
5.150%, 05/15/46 |
150 | 158 | ||||||
LyondellBasell Industries |
||||||||
5.000%, 04/15/19 |
200 | 203 | ||||||
Martin Marietta Materials |
||||||||
4.250%, 12/15/47 |
100 | 92 | ||||||
Mexichem |
||||||||
5.875%, 09/17/44 (A) |
690 | 679 | ||||||
Monsanto |
||||||||
4.700%, 07/15/64 |
200 | 194 | ||||||
Mosaic |
||||||||
4.050%, 11/15/27 |
100 | 98 | ||||||
Nacional del Cobre de Chile |
||||||||
3.625%, 08/01/27 (A) |
430 | 418 | ||||||
Newmont Mining |
||||||||
3.500%, 03/15/22 |
100 | 100 | ||||||
Nexa Resources |
||||||||
5.375%, 05/04/27 (A) |
650 | 665 | ||||||
Packaging Corp of America |
||||||||
3.650%, 09/15/24 |
100 | 100 | ||||||
3.400%, 12/15/27 |
35 | 34 | ||||||
2.450%, 12/15/20 |
35 | 34 | ||||||
Potash Corp of Saskatchewan |
||||||||
3.625%, 03/15/24 |
100 | 100 | ||||||
PPG Industries |
||||||||
2.300%, 11/15/19 |
100 | 99 | ||||||
Praxair |
||||||||
2.450%, 02/15/22 |
200 | 196 | ||||||
Rio Tinto Finance USA |
||||||||
3.750%, 06/15/25 |
200 | 203 | ||||||
Sherwin-Williams |
||||||||
3.450%, 08/01/25 |
100 | 98 | ||||||
2.750%, 06/01/22 |
2,447 | 2,383 | ||||||
2.250%, 05/15/20 |
200 | 197 |
83
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Southern Copper |
||||||||
5.875%, 04/23/45 |
$ | 150 | $ | 170 | ||||
3.875%, 04/23/25 |
30 | 30 | ||||||
Vale |
||||||||
5.625%, 09/11/42 |
100 | 106 | ||||||
Vale Overseas |
||||||||
8.250%, 01/17/34 |
901 | 1,165 | ||||||
4.375%, 01/11/22 |
2,173 | 2,229 | ||||||
Vedanta Resources |
||||||||
6.125%, 08/09/24 (A) |
680 | 664 | ||||||
Westlake Chemical |
||||||||
3.600%, 08/15/26 |
100 | 97 | ||||||
|
|
|||||||
13,945 | ||||||||
|
|
|||||||
Real Estate – 0.3% |
||||||||
Alexandria Real Estate Equities |
||||||||
3.450%, 04/30/25 |
25 | 24 | ||||||
2.750%, 01/15/20 |
50 | 50 | ||||||
American Tower |
||||||||
4.000%, 06/01/25 |
200 | 199 | ||||||
2.250%, 01/15/22 |
50 | 48 | ||||||
AvalonBay Communities |
||||||||
3.500%, 11/15/24 |
100 | 100 | ||||||
Boston Properties |
||||||||
3.850%, 02/01/23 |
100 | 102 | ||||||
3.650%, 02/01/26 |
150 | 147 | ||||||
Brixmor Operating Partnership |
||||||||
3.875%, 08/15/22 |
30 | 30 | ||||||
3.250%, 09/15/23 |
100 | 97 | ||||||
Crown Castle International |
||||||||
5.250%, 01/15/23 |
100 | 106 | ||||||
3.800%, 02/15/28 |
150 | 144 | ||||||
3.700%, 06/15/26 |
35 | 34 | ||||||
2.250%, 09/01/21 |
55 | 53 | ||||||
Digital Realty Trust |
||||||||
3.625%, 10/01/22 |
100 | 100 | ||||||
Duke Realty |
||||||||
3.750%, 12/01/24 |
100 | 100 | ||||||
EPR Properties |
||||||||
4.750%, 12/15/26 |
50 | 50 | ||||||
ERP Operating |
||||||||
4.625%, 12/15/21 |
120 | 125 | ||||||
Essex Portfolio |
||||||||
3.375%, 04/15/26 |
100 | 96 | ||||||
HCP |
||||||||
5.375%, 02/01/21 |
200 | 210 | ||||||
Healthcare Trust of America Holdings |
||||||||
3.750%, 07/01/27 |
100 | 97 | ||||||
Hospitality Properties Trust |
||||||||
5.250%, 02/15/26 |
100 | 104 | ||||||
5.000%, 08/15/22 |
100 | 104 | ||||||
Host Hotels & Resorts |
||||||||
3.750%, 10/15/23 |
100 | 99 | ||||||
Kilroy Realty |
||||||||
3.450%, 12/15/24 |
50 | 48 | ||||||
Kimco Realty |
||||||||
3.300%, 02/01/25 |
80 | 77 | ||||||
3.200%, 05/01/21 |
50 | 50 |
Description | Face Amount (000) |
Value (000) | ||||||
Liberty Property |
||||||||
4.125%, 06/15/22 |
$ | 100 | $ | 103 | ||||
Mid-America Apartments |
||||||||
3.600%, 06/01/27 |
25 | 24 | ||||||
National Retail Properties |
||||||||
4.000%, 11/15/25 |
35 | 35 | ||||||
3.600%, 12/15/26 |
100 | 96 | ||||||
Omega Healthcare Investors |
||||||||
4.375%, 08/01/23 |
50 | 50 | ||||||
Realty Income |
||||||||
3.875%, 04/15/25 |
25 | 25 | ||||||
3.250%, 10/15/22 |
100 | 99 | ||||||
Regency Centers |
||||||||
3.600%, 02/01/27 |
30 | 29 | ||||||
Select Income |
||||||||
4.250%, 05/15/24 |
50 | 49 | ||||||
Senior Housing Properties Trust |
||||||||
3.250%, 05/01/19 |
150 | 150 | ||||||
Simon Property Group |
||||||||
3.375%, 10/01/24 |
125 | 124 | ||||||
3.375%, 12/01/27 |
961 | 922 | ||||||
3.300%, 01/15/26 |
100 | 97 | ||||||
2.750%, 06/01/23 |
984 | 954 | ||||||
UDR |
||||||||
4.000%, 10/01/25 |
50 | 50 | ||||||
Ventas Realty |
||||||||
4.250%, 03/01/22 |
100 | 103 | ||||||
3.750%, 05/01/24 |
50 | 50 | ||||||
2.700%, 04/01/20 |
100 | 99 | ||||||
VEREIT Operating Partnership |
||||||||
4.875%, 06/01/26 |
20 | 20 | ||||||
4.600%, 02/06/24 |
15 | 15 | ||||||
4.125%, 06/01/21 |
10 | 11 | ||||||
Welltower |
||||||||
5.250%, 01/15/22 |
100 | 106 | ||||||
Weyerhaeuser |
||||||||
4.625%, 09/15/23 |
100 | 105 | ||||||
WP Carey |
||||||||
4.600%, 04/01/24 |
50 | 51 | ||||||
|
|
|||||||
5,761 | ||||||||
|
|
|||||||
Technology – 0.0% |
||||||||
Broadcom |
||||||||
3.875%, 01/15/27 |
100 | 97 | ||||||
3.625%, 01/15/24 |
100 | 99 | ||||||
Lam Research |
||||||||
2.800%, 06/15/21 |
50 | 49 | ||||||
Seagate HDD Cayman |
||||||||
4.750%, 01/01/25 |
100 | 97 | ||||||
VMware |
||||||||
2.950%, 08/21/22 |
100 | 96 | ||||||
|
|
|||||||
438 | ||||||||
|
|
|||||||
Telecommunications – 1.4% |
||||||||
America Movil |
||||||||
6.125%, 03/30/40 |
250 | 299 |
84
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
AT&T |
||||||||
5.250%, 03/01/37 |
$ | 2,335 | $ | 2,470 | ||||
5.150%, 03/15/42 |
191 | 197 | ||||||
4.900%, 08/14/37 |
1,280 | 1,287 | ||||||
4.500%, 03/09/48 |
100 | 93 | ||||||
4.350%, 06/15/45 |
600 | 548 | ||||||
4.300%, 02/15/30 (A) |
333 | 331 | ||||||
4.125%, 02/17/26 |
200 | 201 | ||||||
4.100%, 02/15/28 (A) |
253 | 251 | ||||||
3.900%, 08/14/27 |
100 | 101 | ||||||
3.800%, 03/01/24 |
200 | 201 | ||||||
3.400%, 05/15/25 |
3,119 | 3,005 | ||||||
2.450%, 06/30/20 |
150 | 148 | ||||||
Bell Canada |
||||||||
4.464%, 04/01/48 |
1,223 | 1,245 | ||||||
Cox Communications |
||||||||
4.600%, 08/15/47 (A) |
552 | 528 | ||||||
Deutsche Telekom International Finance BV |
||||||||
8.750%, 06/15/30 |
100 | 142 | ||||||
2.225%, 01/17/20 (A) |
1,009 | 995 | ||||||
Digicel |
||||||||
6.000%, 04/15/21 (A) |
280 | 263 | ||||||
Orange |
||||||||
5.375%, 07/08/19 |
200 | 206 | ||||||
4.125%, 09/14/21 |
100 | 104 | ||||||
RELX Capital |
||||||||
3.125%, 10/15/22 |
100 | 99 | ||||||
Rogers Communications |
||||||||
4.300%, 02/15/48 |
40 | 40 | ||||||
2.900%, 11/15/26 |
50 | 47 | ||||||
Telefonica Emisiones SAU |
||||||||
5.462%, 02/16/21 |
110 | 117 | ||||||
5.213%, 03/08/47 |
150 | 159 | ||||||
Tencent Holdings |
||||||||
3.595%, 01/19/28 (A) |
1,215 | 1,171 | ||||||
2.985%, 01/19/23 (A) |
1,293 | 1,260 | ||||||
2.875%, 02/11/20 (A) |
506 | 505 | ||||||
Thomson Reuters |
||||||||
3.350%, 05/15/26 |
100 | 96 | ||||||
Time Warner |
||||||||
4.875%, 03/15/20 |
100 | 103 | ||||||
Verizon Communications |
||||||||
5.250%, 03/16/37 |
987 | 1,064 | ||||||
5.150%, 09/15/23 |
2,512 | 2,710 | ||||||
4.862%, 08/21/46 |
750 | 757 | ||||||
4.812%, 03/15/39 |
100 | 102 | ||||||
4.400%, 11/01/34 |
400 | 395 | ||||||
4.272%, 01/15/36 |
1,428 | 1,367 | ||||||
3.376%, 02/15/25 |
150 | 148 | ||||||
3.125%, 03/16/22 |
150 | 149 | ||||||
2.625%, 08/15/26 |
135 | 123 | ||||||
2.450%, 11/01/22 |
200 | 192 | ||||||
Vodafone Group |
||||||||
4.375%, 02/19/43 |
300 | 284 | ||||||
2.500%, 09/26/22 |
100 | 96 | ||||||
|
|
|||||||
23,599 | ||||||||
|
|
Description | Face Amount (000) |
Value (000) | ||||||
Utilities – 2.9% |
||||||||
Abengoa Transmision |
||||||||
6.875%, 04/30/43 (A) |
$ | 249 | $ | 272 | ||||
AEP Transmission |
||||||||
3.100%, 12/01/26 |
150 | 145 | ||||||
American Electric Power |
||||||||
3.200%, 11/13/27 |
1,235 | 1,177 | ||||||
American Water Capital |
||||||||
3.400%, 03/01/25 |
100 | 100 | ||||||
Appalachian Power |
||||||||
4.450%, 06/01/45 |
1,576 | 1,676 | ||||||
Arizona Public Service |
||||||||
4.500%, 04/01/42 |
200 | 217 | ||||||
3.150%, 05/15/25 |
50 | 49 | ||||||
Atmos Energy |
||||||||
3.000%, 06/15/27 |
65 | 63 | ||||||
Berkshire Hathaway Energy |
||||||||
3.750%, 11/15/23 |
100 | 102 | ||||||
2.375%, 01/15/21 (A) |
1,352 | 1,329 | ||||||
Celeo Redes Operacion Chile |
||||||||
5.200%, 06/22/47 (A) |
720 | 721 | ||||||
CenterPoint Energy |
||||||||
2.500%, 09/01/22 |
50 | 48 | ||||||
CenterPoint Energy Houston Electric |
||||||||
2.250%, 08/01/22 |
100 | 96 | ||||||
Cleco Corporate Holdings |
||||||||
3.743%, 05/01/26 |
100 | 95 | ||||||
CMS Energy |
||||||||
6.250%, 02/01/20 |
100 | 106 | ||||||
3.000%, 05/15/26 |
40 | 38 | ||||||
Commonwealth Edison |
||||||||
4.000%, 03/01/48 |
703 | 707 | ||||||
Consolidated Edison of New York |
||||||||
4.450%, 03/15/44 |
150 | 159 | ||||||
3.875%, 06/15/47 |
100 | 98 | ||||||
Delmarva Power & Light |
||||||||
4.150%, 05/15/45 |
423 | 437 | ||||||
Dominion Energy |
||||||||
4.050%, 09/15/42 |
150 | 144 | ||||||
2.962%, 07/01/19 |
1,600 | 1,597 | ||||||
2.750%, 01/15/22 |
100 | 97 | ||||||
2.579%, 07/01/20 |
45 | 45 | ||||||
Dominion Energy Gas Holdings |
||||||||
2.500%, 12/15/19 |
1,300 | 1,288 | ||||||
DTE Electric |
||||||||
3.750%, 08/15/47 |
100 | 98 | ||||||
DTE Energy |
||||||||
2.400%, 12/01/19 |
100 | 99 | ||||||
Duke Energy |
||||||||
3.750%, 09/01/46 |
350 | 316 | ||||||
Duke Energy Carolinas |
||||||||
5.300%, 02/15/40 |
300 | 359 | ||||||
3.950%, 03/15/48 |
695 | 698 | ||||||
3.700%, 12/01/47 |
100 | 97 | ||||||
3.050%, 03/15/23 |
100 | 100 | ||||||
2.950%, 12/01/26 |
50 | 48 | ||||||
Duke Energy Florida |
||||||||
2.100%, 12/15/19 |
872 | 867 |
85
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Edison International |
||||||||
2.400%, 09/15/22 |
$ | 80 | $ | 76 | ||||
Enel Generacion Chile |
||||||||
4.250%, 04/15/24 |
50 | 51 | ||||||
Energuate Trust |
||||||||
5.875%, 05/03/27 (A) |
200 | 201 | ||||||
Entergy |
||||||||
4.000%, 07/15/22 |
50 | 51 | ||||||
Entergy Arkansas |
||||||||
3.500%, 04/01/26 |
100 | 100 | ||||||
Entergy Louisiana |
||||||||
4.000%, 03/15/33 |
974 | 993 | ||||||
Eversource Energy |
||||||||
3.300%, 01/15/28 |
100 | 96 | ||||||
2.750%, 03/15/22 |
2,273 | 2,228 | ||||||
Exelon |
||||||||
5.625%, 06/15/35 |
160 | 191 | ||||||
3.400%, 04/15/26 |
100 | 97 | ||||||
Exelon Generation |
||||||||
5.600%, 06/15/42 |
600 | 616 | ||||||
FirstEnergy |
||||||||
3.900%, 07/15/27 |
700 | 687 | ||||||
FirstEnergy Transmission |
||||||||
5.450%, 07/15/44 (A) |
742 | 852 | ||||||
Florida Power & Light |
||||||||
3.700%, 12/01/47 |
100 | 98 | ||||||
Fortis |
||||||||
3.055%, 10/04/26 |
3,124 | 2,895 | ||||||
2.100%, 10/04/21 |
150 | 144 | ||||||
Georgia Power |
||||||||
4.300%, 03/15/42 |
851 | 863 | ||||||
2.000%, 09/08/20 |
115 | 113 | ||||||
ITC Holdings |
||||||||
5.300%, 07/01/43 |
351 | 397 | ||||||
3.650%, 06/15/24 |
25 | 25 | ||||||
3.350%, 11/15/27 (A) |
1,599 | 1,527 | ||||||
2.700%, 11/15/22 (A) |
2,527 | 2,452 | ||||||
Jersey Central Power & Light |
||||||||
7.350%, 02/01/19 |
824 | 853 | ||||||
4.700%, 04/01/24 (A) |
2,644 | 2,807 | ||||||
Kansas City Power & Light |
||||||||
3.650%, 08/15/25 |
100 | 100 | ||||||
Korea Southern Power |
||||||||
3.000%, 01/29/21 () |
433 | 430 | ||||||
Listrindo Capital BV |
||||||||
4.950%, 09/14/26 (A) |
450 | 425 | ||||||
MidAmerican Energy |
||||||||
3.950%, 08/01/47 |
250 | 253 | ||||||
Minejesa Capital BV |
||||||||
5.625%, 08/10/37 (A) |
670 | 660 | ||||||
National Fuel Gas |
||||||||
3.950%, 09/15/27 |
50 | 48 | ||||||
NextEra Energy Capital Holdings |
||||||||
3.550%, 05/01/27 |
100 | 97 | ||||||
2.700%, 09/15/19 |
1,791 | 1,786 | ||||||
NiSource Finance |
||||||||
4.375%, 05/15/47 |
100 | 101 | ||||||
2.650%, 11/17/22 |
20 | 19 |
Description | Face Amount (000) |
Value (000) | ||||||
Northern States Power |
||||||||
2.600%, 05/15/23 |
$ | 100 | $ | 98 | ||||
2.200%, 08/15/20 |
50 | 49 | ||||||
NSTAR Electric |
||||||||
2.375%, 10/15/22 |
100 | 97 | ||||||
Oncor Electric Delivery |
||||||||
7.000%, 09/01/22 |
100 | 115 | ||||||
Pacific Gas & Electric |
||||||||
6.050%, 03/01/34 |
400 | 477 | ||||||
4.750%, 02/15/44 |
465 | 480 | ||||||
2.950%, 03/01/26 |
50 | 46 | ||||||
Pinnacle West Capital |
||||||||
2.250%, 11/30/20 |
1,009 | 985 | ||||||
PPL Capital Funding |
||||||||
4.000%, 09/15/47 |
100 | 96 | ||||||
3.500%, 12/01/22 |
150 | 151 | ||||||
Progress Energy |
||||||||
7.750%, 03/01/31 |
1,366 | 1,868 | ||||||
7.050%, 03/15/19 |
1,225 | 1,271 | ||||||
PSEG Power |
||||||||
3.000%, 06/15/21 |
50 | 50 | ||||||
Public Service Enterprise Group |
||||||||
2.650%, 11/15/22 |
150 | 146 | ||||||
Puget Energy |
||||||||
6.500%, 12/15/20 |
100 | 108 | ||||||
Sempra Energy |
||||||||
9.800%, 02/15/19 |
1,135 | 1,202 | ||||||
6.000%, 10/15/39 |
1,020 | 1,248 | ||||||
3.800%, 02/01/38 |
200 | 188 | ||||||
3.750%, 11/15/25 |
100 | 100 | ||||||
3.550%, 06/15/24 |
100 | 99 | ||||||
2.900%, 02/01/23 |
35 | 34 | ||||||
Southern |
||||||||
4.250%, 07/01/36 |
150 | 153 | ||||||
1.850%, 07/01/19 |
100 | 98 | ||||||
Southern California Edison |
||||||||
4.125%, 03/01/48 |
150 | 153 | ||||||
3.650%, 03/01/28 |
50 | 50 | ||||||
3.500%, 10/01/23 |
150 | 152 | ||||||
Southern Gas Capital |
||||||||
3.250%, 06/15/26 |
30 | 29 | ||||||
Southwestern Electric Power |
||||||||
3.850%, 02/01/48 |
100 | 95 | ||||||
2.750%, 10/01/26 |
50 | 47 | ||||||
State Grid Overseas Investment 2013 |
||||||||
3.125%, 05/22/23 (A) |
440 | 432 | ||||||
Terraform Global Operating |
||||||||
6.125%, 03/01/26 (A) |
600 | 605 | ||||||
Union Electric |
||||||||
3.500%, 04/15/24 |
150 | 153 | ||||||
Virginia Electric & Power |
||||||||
3.800%, 04/01/28 |
575 | 582 | ||||||
3.500%, 03/15/27 |
100 | 99 | ||||||
3.100%, 05/15/25 |
100 | 97 | ||||||
2.750%, 03/15/23 |
100 | 98 | ||||||
WEC Energy Group |
||||||||
1.650%, 06/15/18 |
1,109 | 1,107 | ||||||
Wisconsin Power & Light |
||||||||
3.050%, 10/15/27 |
100 | 96 |
86
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Xcel Energy |
||||||||
3.350%, 12/01/26 |
$ | 100 | $ | 97 | ||||
|
|
|||||||
48,871 | ||||||||
|
|
|||||||
Total Corporate Obligations |
406,532 | |||||||
|
|
|||||||
Mortgage-Backed Securities — 23.8% |
| |||||||
Agency Mortgage-Backed Obligations – 22.0% |
| |||||||
FHLMC |
||||||||
5.000%, 02/01/39 |
773 | 829 | ||||||
4.500%, 08/01/43 - 12/01/45 |
2,389 | 2,514 | ||||||
4.000%, 09/01/47 - 07/01/24 |
9,890 | 10,188 | ||||||
3.500%, 03/01/47 - 01/01/48 |
10,533 | 10,576 | ||||||
3.000%, 01/01/47 - 12/01/46 |
25,376 | 24,841 | ||||||
2.500%, 02/01/32 - 12/01/32 |
3,165 | 3,101 | ||||||
FHLMC TBA |
||||||||
4.000%, 04/15/41 |
6,190 | 6,354 | ||||||
3.500%, 04/01/41 - 04/15/26 |
20,060 | 20,119 | ||||||
3.000%, 04/15/27 - 04/15/43 |
2,925 | 2,888 | ||||||
FHLMC, Ser 2011-3830, Cl DZ |
||||||||
4.000%, 12/15/30 |
1,001 | 1,044 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K029, Cl A2 |
||||||||
3.320%, 02/25/23 (D) |
1,000 | 1,019 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K055, Cl A2 |
||||||||
2.673%, 03/25/26 |
|
400 |
|
|
388 |
| ||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K065, Cl A2 |
||||||||
3.243%, 04/25/27 |
1,026 | 1,027 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K068, Cl A2 |
||||||||
3.244%, 08/25/27 |
613 | 611 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K069, Cl A2 |
||||||||
3.187%, 09/25/27 (D) |
400 | 398 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K070, Cl A2 |
||||||||
3.303%, 11/25/27 (D) |
348 | 348 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl A2 |
||||||||
2.454%, 08/25/23 |
350 | 341 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K726, Cl A2 |
||||||||
2.905%, 04/25/24 |
1,545 | 1,535 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K728, Cl A2 |
||||||||
3.064%, 08/25/24 (D) |
1,535 | 1,536 | ||||||
FNMA |
||||||||
5.500%, 09/01/40 - 11/01/34 |
2,161 | 2,368 | ||||||
5.000%, 11/01/44 - 02/01/38 |
2,874 | 3,103 | ||||||
4.500%, 02/01/46 - 01/01/30 |
5,884 | 6,199 | ||||||
4.000%, 07/01/47 - 09/01/43 |
28,802 | 29,671 | ||||||
3.500%, 07/01/47 - 10/01/46 |
44,964 | 45,215 | ||||||
3.000%, 01/01/47 - 11/01/46 |
19,062 | 18,733 | ||||||
2.500%, 12/01/31 - 10/01/32 |
3,860 | 3,785 | ||||||
FNMA TBA |
||||||||
5.000%, 04/30/37 |
1,000 | 1,068 |
Description | Face Amount (000) |
Value (000) | ||||||
4.500%, 04/14/33 |
$ | 29,015 | $ | 30,381 | ||||
4.000%, 04/01/39 |
8,730 | 8,959 | ||||||
3.500%, 04/01/41 |
32,950 | 33,119 | ||||||
3.000%, 04/01/43 |
15,780 | 15,391 | ||||||
2.500%, 04/25/27 |
1,090 | 1,068 | ||||||
FNMA, Ser 2006-104, Cl FC |
||||||||
2.122%, VAR LIBOR USD 1 Month+0.250%, 11/25/36 |
454 | 454 | ||||||
FNMA, Ser 2013-101, Cl A |
||||||||
3.000%, 09/25/30 |
411 | 413 | ||||||
FNMA, Ser 2015-M11, Cl A2 |
||||||||
2.835%, 04/25/25 (D) |
850 | 840 | ||||||
FNMA, Ser 2016-54, Cl GA |
||||||||
2.500%, 11/25/45 |
2,195 | 2,134 | ||||||
FNMA, Ser 2017-41, Cl MD |
||||||||
4.000%, 05/25/53 |
1,424 | 1,480 | ||||||
FNMA, Ser 2017-71, Cl AB |
||||||||
3.000%, 08/25/44 |
2,140 | 2,122 | ||||||
FNMA, Ser 2017-91, Cl PC |
||||||||
3.000%, 06/25/45 |
643 | 639 | ||||||
FNMA, Ser 2018-3, Cl PA |
||||||||
3.000%, 04/25/46 |
1,725 | 1,708 | ||||||
FNMA, Ser M3, Cl A3 |
||||||||
4.332%, 03/25/20 (D) |
30 | 31 | ||||||
GNMA TBA |
||||||||
5.000%, 04/01/40 |
500 | 526 | ||||||
4.500%, 04/01/39 |
6,035 | 6,274 | ||||||
4.000%, 04/01/40 |
15,725 | 16,163 | ||||||
3.500%, 04/15/41 |
9,825 | 9,920 | ||||||
3.000%, 04/15/43 |
3,300 | 3,247 | ||||||
GNMA |
||||||||
5.000%, 11/20/46 - 09/20/46 |
1,098 | 1,172 | ||||||
4.500%, 04/20/47 - 03/20/48 |
2,891 | 3,016 | ||||||
4.000%, 09/20/47 - 05/20/47 |
9,966 | 10,277 | ||||||
3.500%, 02/20/47 - 07/20/47 |
14,661 | 14,817 | ||||||
3.000%, 02/20/47 - 02/20/48 |
10,625 | 10,472 | ||||||
2.500%, 12/20/46 |
458 | 436 | ||||||
|
|
|||||||
374,858 | ||||||||
|
|
|||||||
Non-Agency Mortgage-Backed |
||||||||
Alternative Loan Trust, Ser 2003-22CB, Cl 3A1 |
||||||||
6.000%, 12/25/33 |
755 | 757 | ||||||
BANK, Ser 2017-BNK8, Cl A4 |
||||||||
3.488%, 11/15/50 |
90 | 90 | ||||||
BANK, Ser 2017-BNK8, Cl B |
||||||||
3.931%, 11/15/50 |
50 | 51 | ||||||
BANK, Ser 2017-BNK9, Cl A4 |
||||||||
3.538%, 11/15/54 |
1,359 | 1,359 | ||||||
BENCHMARK Mortgage Trust, Ser 2018-B2, Cl A5 |
||||||||
3.882%, 02/15/51 |
100 | 102 | ||||||
CD Mortgage Trust, Ser 2017-CD6, Cl A5 |
||||||||
3.456%, 11/13/50 |
100 | 99 | ||||||
Citigroup Commercial Mortgage Trust, Ser 2013-GC17, Cl A4 |
||||||||
4.131%, 11/10/46 |
388 | 404 |
87
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl A5 |
||||||||
3.720%, 11/10/26 |
$ | 643 | $ | 653 | ||||
Citigroup Commercial Mortgage Trust, Ser 2017-P7, Cl A4 |
||||||||
3.712%, 04/14/50 |
500 | 506 | ||||||
COMM Mortgage Trust, Ser 2013-CCRE9, Cl A4 |
||||||||
4.243%, 07/10/45 (D) |
985 | 1,034 | ||||||
COMM Mortgage Trust, Ser 2013-CR11, Cl A3 |
||||||||
3.983%, 08/10/50 |
1,064 | 1,101 | ||||||
COMM Mortgage Trust, Ser 2013-CR7, Cl A4 |
||||||||
3.213%, 03/10/46 |
511 | 512 | ||||||
COMM Mortgage Trust, Ser 2013-CR8, Cl A5 |
||||||||
3.612%, 06/10/46 (D) |
90 | 91 | ||||||
COMM Mortgage Trust, Ser 2013-LC6, Cl A4 |
||||||||
2.941%, 01/10/46 |
718 | 710 | ||||||
COMM Mortgage Trust, Ser 2015-DC1, Cl A5 |
||||||||
3.350%, 02/10/48 |
1,000 | 991 | ||||||
COMM Mortgage Trust, Ser CR12, Cl A3 |
||||||||
3.765%, 10/10/46 |
1,340 | 1,375 | ||||||
COMM Mortgage Trust, Ser CR16, Cl A4 |
||||||||
4.051%, 04/10/47 |
613 | 636 | ||||||
Commercial Mortgage Trust, Ser 2015-3BP, Cl A |
||||||||
3.178%, 02/10/35 (A) |
13 | 13 | ||||||
Commercial Mortgage Trust, Ser 2015-LC23, Cl A4 |
||||||||
3.774%, 10/10/48 |
977 | 992 | ||||||
Credit Suisse First Boston Mortgage Securities, Ser 2004-AR2, Cl 5A1 |
||||||||
3.609%, 03/25/34 (D) |
49 | 50 | ||||||
CSAIL Commercial Mortgage Trust, Ser 2016-C7, Cl A4 |
||||||||
3.210%, 11/15/49 |
500 | 488 | ||||||
CSAIL Commercial Mortgage Trust, Ser 2016-C7, Cl A5 |
||||||||
3.502%, 11/15/49 |
950 | 944 | ||||||
CSFB Mortgage-Backed Pass-Through Certificates, Ser 2003-27, Cl 4A4 |
||||||||
5.750%, 11/25/33 |
82 | 85 | ||||||
GS Mortgage Securities Trust, Ser 2012-SHOP, Cl A |
||||||||
2.933%, 06/05/31 (A) |
1,578 | 1,582 | ||||||
GS Mortgage Securities Trust, Ser 2013-GC16, Cl A4 |
||||||||
4.271%, 11/10/46 |
23 | 24 | ||||||
GS Mortgage Securities Trust, Ser 2013-GCJ12, Cl A4 |
||||||||
3.135%, 06/10/46 |
242 | 241 |
Description | Face Amount (000) |
Value (000) | ||||||
GS Mortgage Securities Trust, Ser 2015-GC30, Cl A4 |
||||||||
3.382%, 05/10/50 |
$ | 283 | $ | 282 | ||||
GS Mortgage Securities Trust, Ser 2015-GC32, Cl A4 |
||||||||
3.764%, 07/10/48 |
500 | 510 | ||||||
GS Mortgage Securities Trust, Ser GC18, Cl A3 |
||||||||
3.801%, 01/10/47 |
1,540 | 1,574 | ||||||
GSR Mortgage Loan Trust, Ser 2005-4F, Cl 6A1 |
||||||||
6.500%, 02/25/35 |
39 | 39 | ||||||
HarborView Mortgage Loan Trust, Ser 2004-3, Cl 1A |
||||||||
3.651%, 05/19/34 (D) |
41 | 42 | ||||||
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl A2 |
||||||||
3.240%, 03/15/50 |
400 | 402 | ||||||
JPMorgan Mortgage Trust, Ser 2003-A2, Cl 3A1 |
||||||||
3.144%, 11/25/33 (D) |
137 | 138 | ||||||
JPMorgan Mortgage Trust, Ser 2005-A1, Cl 6T1 |
||||||||
3.702%, 02/25/35 (D) |
197 | 196 | ||||||
JPMorgan Mortgage Trust, Ser 2005-A2, Cl 3A2 |
||||||||
3.609%, 04/25/35 (D) |
56 | 56 | ||||||
JPMorgan Mortgage Trust, Ser 2005-A3, Cl 4A1 |
||||||||
3.679%, 06/25/35 (D) |
83 | 84 | ||||||
MLCC Mortgage Investors, Ser 2006-2, Cl 2A |
||||||||
3.351%, 05/25/36 (D) |
247 | 249 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A4 |
||||||||
4.082%, 07/15/46 (D) |
315 | 327 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C12, Cl A4 |
||||||||
4.259%, 10/15/46 (D) |
452 | 473 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C14, Cl A4 |
||||||||
3.787%, 01/15/47 |
491 | 502 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C14, Cl A5 |
||||||||
4.064%, 02/15/47 |
189 | 196 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C19, Cl AS |
||||||||
3.832%, 12/15/47 |
500 | 503 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl A4 |
||||||||
3.249%, 02/15/48 |
888 | 877 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C24, Cl A4 |
||||||||
3.732%, 05/15/48 |
1,012 | 1,028 |
88
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) |
||||||
Morgan Stanley Capital I Trust, Ser 2014-CPT, Cl A |
||||||||
3.350%, 07/13/29 (A) |
$ | 1,104 | $ | 1,114 | ||||
Morgan Stanley Capital I Trust, Ser 2017-HR2, Cl A4 |
||||||||
3.587%, 12/15/50 |
250 | 250 | ||||||
Structured Adjustable Rate Mortgage Loan Trust, Ser 2004-6, Cl 1A |
||||||||
3.359%, 06/25/34 (D) |
246 | 243 | ||||||
Tharaldson Hotel Portfolio Trust, Ser 2018-THL, Cl A |
||||||||
2.490%, VAR LIBOR USD 1 |
||||||||
Month+0.750%, 11/11/34 (A) |
362 | 370 | ||||||
UBS Commercial Mortgage Trust, Ser 2018-C8, Cl A4 |
||||||||
3.983%, 02/15/51 |
300 | 309 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2015-C27, Cl A4 |
||||||||
3.190%, 02/15/48 |
185 | 182 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2015-C28, Cl A4 |
||||||||
3.540%, 05/15/48 |
1,000 | 1,003 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2015-C31, Cl A4 |
||||||||
3.695%, 11/15/48 |
699 | 707 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2015-P2, Cl A4 |
||||||||
3.809%, 12/15/48 |
481 | 493 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2016-LC25, Cl A4 |
||||||||
3.640%, 12/15/59 |
659 | 667 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2017-C42 |
||||||||
3.589%, 12/15/50 |
474 | 474 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2003-J, Cl 1A9 |
||||||||
3.593%, 10/25/33 (D) |
532 | 538 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2005-AR10, Cl 2A4 |
||||||||
3.645%, 05/01/35 (D) |
130 | 133 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl A3 |
||||||||
2.749%, 05/15/45 |
500 | 489 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A4 |
||||||||
3.073%, 06/15/46 |
584 | 579 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A5 |
||||||||
3.337%, 06/15/46 |
60 | 60 | ||||||
|
|
|||||||
29,979 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities (Cost $409,345) (000) |
404,837 | |||||||
|
|
Description | Face Amount (000) |
Value (000) | ||||||
Loan Participations — 10.1% |
|
|||||||
Airlines – 0.1% |
||||||||
American Airlines, Inc., 2017 |
||||||||
Replacement Term Loan 3.875%, VAR LIBOR+2.000%, 06/27/20 |
$ | 1,242 | $ | 1,244 | ||||
|
|
|||||||
Automotive – 0.1% |
||||||||
Chassix Inc., Term Loan B |
||||||||
9.250%, 11/15/23 |
1 | 1 | ||||||
7.375%, 11/15/23 |
248 | 248 | ||||||
Chassix Inc., Term Loan B, 1st Lien |
||||||||
7.188%, 11/15/23 |
251 | 252 | ||||||
Dayco Products, LLC, Term Loan, 1st Lien |
||||||||
6.984%, VAR LIBOR+5.000%, 05/19/23 |
695 | 700 | ||||||
Horizon Global Corp., Term Loan B, 1st Lien |
||||||||
0.000%, 02/09/24 (F) |
187 | 188 | ||||||
Horizon Global, 1st Lien |
||||||||
6.148%, 03/30/21 (D) |
241 | 242 | ||||||
TI Group Automotive Systems, LLC, Initial US Term Loan |
||||||||
4.148%, VAR LIBOR+2.500%, 06/30/22 |
503 | 504 | ||||||
|
|
|||||||
2,135 | ||||||||
|
|
|||||||
Building Materials – 0.3% |
|
|||||||
American Builders & Contractors Supply Co., Inc., Additional Term B-1 Loan, 1st Lien |
||||||||
4.377%, VAR LIBOR+2.500%, 10/31/23 |
1,114 | 1,116 | ||||||
Beacon Roofing Supply, Inc., Initial Term Loan, 1st Lien |
||||||||
3.936%, VAR LIBOR+2.250%, 01/02/25 |
1,250 | 1,255 | ||||||
PGT, Initial Term Loan, 1st Lien |
||||||||
6.490%, 02/16/22 (D) |
13 | 13 | ||||||
6.401%, 02/16/22 (D) |
236 | 239 | ||||||
6.398%, 02/16/22 (D) |
118 | 119 | ||||||
Priso Acquisition (aka PrimeSource Building Products), Term B Loan, 1st Lien |
||||||||
4.648%, VAR LIBOR+3.000%, 05/08/22 |
737 | 739 | ||||||
SRS Distribution, Term B-4 Loan, 1st Lien |
||||||||
4.943%, VAR LIBOR+3.250%, 08/25/22 |
323 | 325 | ||||||
4.898%, VAR LIBOR+3.250%, 08/25/22 |
455 | 458 | ||||||
|
|
|||||||
4,264 | ||||||||
|
|
89
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Cable/Wireless Video – 0.1% |
|
|||||||
Charter Communications Operating, LLC (aka CCO Safari LLC), Term B Loan, 1st Lien |
||||||||
3.880%, VAR LIBOR+2.000%, 04/30/25 |
$ | 1,433 | $ | 1,438 | ||||
|
|
|||||||
Chemicals – 1.3% |
||||||||
Allnex (Luxembourg) & Cy S.C.A. (f/k/a AI Chem & Cy S.C.A.), Tranche B-2 Term Loan, 1st Lien |
||||||||
5.206%, VAR LIBOR+3.250%, 09/13/23 |
703 | 707 | ||||||
4.891%, VAR LIBOR+3.250%, 09/13/23 |
2 | 2 | ||||||
Allnex (Luxembourg) & Cy S.C.A. (f/k/a AI Chem & Cy S.C.A.), Tranche B-3 Term Loan |
||||||||
5.206%, VAR LIBOR+3.250%, 06/02/23 |
530 | 533 | ||||||
4.891%, VAR LIBOR+3.250%, 06/02/23 |
1 | 1 | ||||||
Archroma Finance S.a r.l., Facility B2, 1st Lien |
||||||||
0.000%, VAR LIBOR+4.250%, 08/12/24 (F) |
605 | 598 | ||||||
Ascend Performance Materials Operations LLC, Term B Loan, 1st Lien |
||||||||
6.943%, VAR LIBOR+5.250%, 08/12/22 |
496 | 497 | ||||||
ASP Chromaflo Intermediate Holdings, Inc., Initial Tranche B-1 Term Loan |
||||||||
5.377%, VAR LIBOR+3.500%, 11/20/23 |
403 | 406 | ||||||
ASP Chromaflo Intermediate Holdings, Inc., Initial Tranche B-2 Term Loan |
||||||||
5.148%, VAR LIBOR+3.500%, 11/20/23 |
524 | 527 | ||||||
Axalta Coating Systems Dutch Holding B B.V. (Axalta Coating Systems U.S. Holdings, Inc.), Term B-2 Dollar Loan, 1st Lien |
||||||||
3.693%, VAR LIBOR+2.000%, 06/01/24 |
826 | 827 | ||||||
Ferro, Term Loan B, 1st Lien |
||||||||
4.377%, 02/08/24 (D) |
777 | 779 | ||||||
Flint Group, Term Loan, 1st Lien |
||||||||
4.741%, 09/07/21 (D) |
743 | 697 | ||||||
H.B. Fuller Company, Commitment, 1st Lien |
||||||||
4.072%, VAR LIBOR+2.250%, 10/20/24 |
1,360 | 1,366 | ||||||
INEOS Styrolution US Holdings, Term Loan, 1st Lien |
||||||||
3.994%, 03/29/24 (D) |
750 | 751 | ||||||
Ineos US Finance LLC, New 2024 Dollar Term Loan |
||||||||
3.877%, VAR LIBOR+2.000%, 03/31/24 |
750 | 752 |
Description | Face Amount (000) |
Value (000) | ||||||
Klockner Pentaplast of America, Inc. (fka Kleopatra Acquisition Corp), |
||||||||
Dollar Term Loan, 1st Lien |
||||||||
6.127%, VAR LIBOR+4.250%, 06/30/22 |
$ | 700 | $ | 672 | ||||
OCI Beaumont, LLC, Term Loan B, 1st Lien |
||||||||
6.552%, 02/14/25 |
500 | 502 | ||||||
Orion Engineered Carbons GmbH, Initial Dollar Term Loan |
||||||||
4.193%, VAR LIBOR+2.500%, 07/25/24 |
1,369 | 1,375 | ||||||
Plastipak Holdings, Inc., Tranche B Term Loan, 1st Lien |
||||||||
4.630%, VAR LIBOR+2.750%, 10/14/24 |
998 | 1,002 | ||||||
Pregis Holding I Corporation, Term Loan |
||||||||
5.802%, VAR LIBOR+3.500%, 05/20/21 |
526 | 526 | ||||||
5.193%, VAR LIBOR+3.500%, 05/20/21 |
217 | 217 | ||||||
Ravago Holdings America, Term Loan, 2nd Lien |
||||||||
5.060%, VAR LIBOR+2.750%, 07/13/23 |
665 | 668 | ||||||
Reynolds Group Holdings Inc., Incremental U.S. Term Loan |
||||||||
4.627%, VAR LIBOR+2.750%, 02/05/23 |
373 | 375 | ||||||
Reynolds Group Holdings Incremental US Term Loans |
||||||||
4.627%, VAR LIBOR+2.750%, 02/05/23 |
627 | 630 | ||||||
Ring Container Technologies Group, LLC, Initial Term Loan |
||||||||
4.627%, VAR LIBOR+2.750%, 10/31/24 |
750 | 751 | ||||||
Solenis International, L.P. (Solenis Holdings 3 LLC), Initial Dollar Term Loan |
||||||||
4.898%, VAR LIBOR+3.250%, 07/31/21 |
1 | 1 | ||||||
Solenis International, L.P. (Solenis Holdings 3 LLC), Initial Term Loan |
||||||||
8.734%, VAR LIBOR+6.750%, 07/31/22 |
500 | 473 | ||||||
Solenis International, LP (Solenis Holdings 3 LLC), Initial Dollar Term Loan |
||||||||
5.234%, VAR LIBOR+3.250%, 07/31/21 |
482 | 481 | ||||||
Spectrum Holdings III Corp., Closing Date Term Loan, 1st Lien |
||||||||
4.898%, VAR LIBOR+3.250%, 01/31/25 |
455 | 456 | ||||||
Spectrum Holdings III Corp., Closing Date Term Loan, 2nd Lien |
||||||||
8.648%, VAR LIBOR+7.000%, 01/31/26 |
500 | 503 |
90
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Spectrum Holdings III Corp., Delayed Draw Term Loan |
||||||||
0.000%, 01/24/25 (F) |
$ | 45 | $ | 45 | ||||
Tricorbraun Holdings, Closing Date Term Loan |
||||||||
5.443%, 11/30/23 (D) |
765 | 769 | ||||||
Tricorbraun Holdings, Delayed Draw Term Loan, 1st Lien |
||||||||
5.973%, VAR LIBOR+3.750%, 11/30/23 |
77 | 77 | ||||||
Tricorbraun Holdings, Inc., Delayed Draw Term Loan |
||||||||
7.500%, VAR LIBOR+3.750%, 11/30/23 |
— | — | ||||||
Tronox Blocked Borrower LLC,Blocked Dollar Term Loan |
||||||||
5.302%, VAR LIBOR+3.000%, 09/23/24 |
453 | 457 | ||||||
Tronox Finance LLC, Initial Dollar Term Loan |
||||||||
5.302%, VAR LIBOR+3.000%, 09/23/24 |
1,047 | 1,055 | ||||||
U.S. Farathane, LLC, Term B-4 Loan, 1st Lien |
||||||||
5.193%, VAR LIBOR+3.500%, 12/23/21 |
463 | 466 | ||||||
Univar USA Inc., Term B-3 Loan, 1st Lien |
||||||||
4.377%, VAR LIBOR+2.500%, 07/01/24 |
842 | 848 | ||||||
Vantage Specialty Chemicals, Inc., Closing Date Term Loan, 1st Lien |
||||||||
6.302%, VAR LIBOR+4.000%, 10/28/24 |
1,000 | 1,008 | ||||||
Vantage Specialty Chemicals, Inc., Initial Loan |
||||||||
10.022%, VAR LIBOR+8.250%, 10/20/25 |
205 | 205 | ||||||
Wilsonart LLC, Tranche D Term Loan, 1st Lien |
||||||||
5.560%, VAR LIBOR+3.250%, 12/19/23 |
498 | 500 | ||||||
|
|
|||||||
22,505 | ||||||||
|
|
|||||||
Commercial Services – 0.0% |
| |||||||
Safe Fleet Holdings, LLC, Term Loan, 1st Lien |
||||||||
4.780%, 01/23/25 |
750 | 751 | ||||||
|
|
|||||||
Computers & Electronics – 1.5% |
| |||||||
Almonde Inc., Term Loan, 2nd Lien |
||||||||
9.234%, VAR LIBOR+7.250%, 04/28/25 |
208 | 206 | ||||||
Applied Systems, Inc., Initial Term Loan |
||||||||
5.552%, VAR LIBOR+3.250%, 09/19/24 |
998 | 1,004 |
Description | Face Amount (000) |
Value (000) | ||||||
Brooks Automation, Term Loan B, 1st Lien |
||||||||
4.010%, 10/04/24 (D) |
$ | 1,500 | $ | 1,502 | ||||
Campaign Monitor Finance Pty Limited (CM Delaware LLC), Term Loan, 1st Lien |
||||||||
6.943%, VAR LIBOR+5.250%, 03/18/21 |
47 | 46 | ||||||
Cavium, Term Loan B-1, 1st Lien |
||||||||
4.127%, VAR LIBOR+2.250%, 08/16/22 |
748 | 748 | ||||||
CPI International, Inc., Initial Term Loan |
||||||||
5.148%, VAR LIBOR+3.500%, 07/26/24 |
366 | 367 | ||||||
Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.), Initial Term Loan |
||||||||
4.880%, VAR LIBOR+3.000%, 04/29/24 |
997 | 1,000 | ||||||
Dell International L.L.C. (EMC Corporation), Replacement Term A-2 Loan |
||||||||
3.630%, VAR LIBOR+1.750%, 09/07/21 |
475 | 475 | ||||||
Electrical Components International, Inc., Loan, 1st Lien |
||||||||
6.443%, VAR LIBOR+4.750%, 05/28/21 |
628 | 631 | ||||||
Epicor Software Corporation (fka Eagle Parent Inc.), Term B Loan, 1st Lien |
||||||||
5.130%, VAR LIBOR+3.250%, 06/01/22 |
1,246 | 1,251 | ||||||
EXC Holdings III Corp., Initial USD Term Loan |
||||||||
5.161%, VAR LIBOR+3.500%, 11/15/24 |
1,000 | 1,008 | ||||||
EZE Software Group LLC, New Loan, 1st Lien |
||||||||
8.193%, VAR LIBOR+6.500%, 04/05/21 |
750 | 750 | ||||||
Go Daddy Operating Company, LLC (GD Finance Co, Inc.), Tranche B-1 Term Loan, 1st Lien |
||||||||
4.127%, VAR LIBOR+2.250%, 02/15/24 |
994 | 996 | ||||||
Infor (US), Inc. (fka Lawson Software Inc.) , Tranche B-6 Term Loan |
||||||||
4.443%, VAR LIBOR+2.750%, 02/01/22 |
1,199 | 1,201 | ||||||
Kronos Incorporated, Incremental Term Loan, 1st Lien |
||||||||
4.880%, VAR LIBOR+3.000%, 11/01/23 |
1,036 | 1,042 | ||||||
MA Financeco, LLC, Tranche B-2 Term Loan, 1st Lien |
||||||||
4.377%, VAR LIBOR+2.500%, 11/19/21 |
195 | 192 |
91
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
MA Financeco, LLC, Tranche B-3 Term Loan |
||||||||
4.627%, VAR LIBOR+2.750%, 06/21/24 |
$ | 128 | $ | 127 | ||||
MACOM Technology Solutions Holdings, Inc. (fka M/A-COM Technology Solutions Holdings, Inc.), Initial Term Loan, 1st Lien |
||||||||
3.898%, VAR LIBOR+2.250%, 05/17/24 |
1,078 | 1,060 | ||||||
Micro Holdings (Internet Brands), Term Loan, 2nd Lien |
||||||||
9.277%, VAR LIBOR+7.500%, 08/15/25 |
244 | 246 | ||||||
Microsemi Corporation, Term B Loan, 1st Lien |
||||||||
3.742%, VAR LIBOR+2.000%, 01/15/23 |
1,299 | 1,300 | ||||||
Misys Limited, Dollar Term Loan |
||||||||
5.484%, VAR LIBOR+3.500%, 06/13/24 |
673 | 672 | ||||||
Oberthur Technologies Holding S.A.S. (fka OT Frenchco 1 SAS), Facility B1 (USD), 1st Lien |
||||||||
6.052%, VAR LIBOR+3.750%, 01/10/24 |
630 | 625 | ||||||
Omnitracs, LLC., Term Loan B, 1st Lien |
||||||||
0.000%, 03/19/25 (F) |
1,123 | 1,124 | ||||||
Project Alpha Intermediate Holding, Inc., Term Loan, 1st Lien |
||||||||
5.040%, VAR LIBOR+3.500%, 04/26/24 |
586 | 578 | ||||||
Project Ruby Ultimate Parent Corp., New Term Loan |
||||||||
5.148%, VAR LIBOR+3.500%, 02/09/24 |
1,588 | 1,601 | ||||||
Seattle SpinCo, Inc., Initial Term Loan, 1st Lien |
||||||||
4.627%, VAR LIBOR+2.750%, 06/21/24 |
866 | 856 | ||||||
Solera, LLC (Solera Finance, Inc.), Dollar Term Loan, 1st Lien |
||||||||
4.627%, VAR LIBOR+2.750%, 03/03/23 |
742 | 744 | ||||||
Spectrum Brands, 2017 Refinanced USD Term Loan |
||||||||
3.791%, VAR LIBOR+2.000%, 06/23/22 |
300 | 300 | ||||||
3.789%, VAR LIBOR+2.000%, 06/23/22 |
370 | 371 | ||||||
Spectrum Brands, Inc., 2017 Refinanced USD Term Loan |
||||||||
3.651%, VAR LIBOR+2.000%, 06/23/22 |
320 | 320 | ||||||
3.648%, VAR LIBOR+2.000%, 06/23/22 |
3 | 3 | ||||||
SS&C Technologies Inc., Term Loan B-4, 1st Lien |
||||||||
0.000%, 02/28/28 (F) |
263 | 264 |
Description | Face Amount (000) |
Value (000) | ||||||
SS&C Technologies, Term Loan B, 1st Lien |
||||||||
0.000%, 02/27/25 (F) |
$ | 737 | $ | 740 | ||||
TeamViewer, Term Loan B, 1st Lien |
||||||||
6.443%, 02/22/24 |
499 | 498 | ||||||
Vertiv Group Corporation (fka Cortes NP Acquisition Corporation), Term B Loan, 1st Lien |
||||||||
5.670%, VAR LIBOR+4.000%, 11/30/23 |
1,203 | 1,207 | ||||||
Wall Street Systems Delaware, Inc., Initial Dollar Term Loan |
||||||||
4.654%, VAR LIBOR+3.000%, 11/21/24 |
626 | 626 | ||||||
|
|
|||||||
25,681 | ||||||||
|
|
|||||||
Construction – 0.1% |
||||||||
Brand Energy & Infrastructure Services, Inc. (fka FR Brand Acquisition Corp), Initial Term Loan, 1st Lien |
||||||||
6.010%, VAR LIBOR+4.250%, 06/21/24 |
199 | 201 | ||||||
5.995%, VAR LIBOR+4.250%, 06/21/24 |
1,033 | 1,042 | ||||||
5.885%, VAR LIBOR+4.250%, 06/21/24 |
13 | 12 | ||||||
Pike Corporation, Initial Term Loan (2018) |
||||||||
5.389%, VAR LIBOR+3.500%, 03/12/25 |
1,036 | 1,045 | ||||||
|
|
|||||||
2,300 | ||||||||
|
|
|||||||
Consumer Nondurables – 0.1% |
||||||||
Acuity Specialty Products, Inc., Initial Term Loan |
||||||||
5.772%, VAR LIBOR+4.000%, 08/12/24 |
990 | 995 | ||||||
5.654%, VAR LIBOR+4.000%, 08/12/24 |
2 | 2 | ||||||
Plaze, Inc., Term Loan, 1st Lien |
||||||||
5.625%, VAR LIBOR+3.500%, 07/31/22 |
116 | 117 | ||||||
5.194%, VAR LIBOR+3.500%, 07/31/22 |
30 | 30 | ||||||
5.193%, VAR LIBOR+3.500%, 07/31/22 |
349 | 351 | ||||||
|
|
|||||||
1,495 | ||||||||
|
|
|||||||
Educational Services – 0.1% |
||||||||
Prometric Holdings Inc. (fka ETS Holdings Inc.), Initial Term Loan |
||||||||
4.770%, VAR LIBOR+3.000%, 01/17/25 |
750 | 754 | ||||||
|
|
|||||||
Entertainment & Leisure – 0.2% |
||||||||
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Initial Term Loan, 1st Lien |
||||||||
4.027%, VAR LIBOR+2.250%, 12/15/22 |
712 | 714 |
92
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
BC Equity Ventures LLC, Term Loan, 1st Lien |
||||||||
8.490%, VAR LIBOR+6.500%, 08/31/22 |
$ | 491 | $ | 496 | ||||
BC Equity Ventures LLC, Term Loan, 2nd Lien |
||||||||
8.150%, 08/24/22 |
1 | 1 | ||||||
Crown Finance US, Inc., Initial Dollar Tranche Term Loan |
||||||||
4.377%, VAR LIBOR+2.500%, 02/28/25 |
1,250 | 1,248 | ||||||
Intrawest Resorts Holdings, Inc., Initial Bluebird Term Loan |
||||||||
4.898%, VAR LIBOR+3.250%, 07/31/24 |
1,000 | 1,004 | ||||||
WMG Acquisition Corp., Tranche E Term Loan, 1st Lien |
||||||||
4.127%, VAR LIBOR+2.250%, 11/01/23 |
684 | 687 | ||||||
|
|
|||||||
4,150 | ||||||||
|
|
|||||||
Environmental Services – 0.0% |
||||||||
Strategic Materials Holding Corp., Initial Term Loan |
||||||||
5.524%, VAR LIBOR+3.750%, 11/01/24 |
750 | 752 | ||||||
|
|
|||||||
Financial Services – 0.5% |
||||||||
Altisource Solutions S.A R.L. , |
||||||||
5.148%, VAR LIBOR+3.500%, 12/09/20 |
925 | 918 | ||||||
Altisource Solutions, Term Loan B, 1st Lien |
||||||||
0.000%, 03/29/24 (F) |
750 | 743 | ||||||
Citco Funding LLC, 2017 Term Loan, 1st Lien |
||||||||
4.648%, VAR LIBOR+3.000%, 03/31/22 |
962 | 969 | ||||||
CPI Acquisition, Inc., Term Loan, 1st Lien |
||||||||
6.358%, VAR LIBOR+4.500%, 08/17/22 |
300 | 205 | ||||||
Freedom Mortgage Corporation, Initial Term Loan, 1st Lien |
||||||||
7.361%, VAR LIBOR+4.750%, 02/23/22 |
730 | 737 | ||||||
Hudson River Trading, Term Loan B, 1st Lien |
||||||||
0.000%, 03/20/25 (F) |
604 | 604 | ||||||
Jefferies Finance LLC (JFIN Co-Issuer Corporation), Term Loan, 1st Lien |
||||||||
4.313%, VAR LIBOR+2.500%, 08/02/24 |
748 | 748 | ||||||
Liquidnet Holdings Inc., Term Loan, 1st Lien |
||||||||
5.398%, 07/15/24 |
750 | 752 |
Description | Face Amount (000) |
Value (000) | ||||||
NXT Capital, Inc. (NXT Capital, LLC), Term Loan, 1st Lien |
||||||||
5.150%, VAR LIBOR+3.500%, 11/23/22 |
$ | 743 | $ | 753 | ||||
Virtus Investment 2/17 Term Loan, 1st Lien |
||||||||
4.277%, 03/03/24 (D) |
995 | 999 | ||||||
Walter Investment Management, Tranche B Term Loan, 1st Lien |
||||||||
7.877%, VAR LIBOR+6.000%, 06/30/22 (C) |
533 | 518 | ||||||
|
|
|||||||
7,946 | ||||||||
|
|
|||||||
Food & Beverage – 0.1% |
||||||||
Constellation/Arterra Wines, Cov-Lite Term Loan |
||||||||
4.952%, 12/15/23 (D) |
495 | 496 | ||||||
JBS USA Lux S.A. (fka JBS USA, LLC), Initial Term Loan, 1st Lien |
||||||||
6.250%, VAR LIBOR+2.500%, 10/30/22 |
2 | 2 | ||||||
4.678%, VAR LIBOR+2.500%, 10/30/22 |
700 | 697 | ||||||
US Foods (aka U.S. Foodservice), Initial Term Loan, 1st Lien |
||||||||
4.377%, VAR LIBOR+2.500%, 06/27/23 |
980 | 986 | ||||||
|
|
|||||||
2,181 | ||||||||
|
|
|||||||
Forest Products – 0.0% |
||||||||
ProAmpac PG Borrower LLC, Initial Term Loan |
||||||||
10.354%, VAR LIBOR+8.500%, 11/18/24 |
225 | 229 | ||||||
7.250%, VAR LIBOR+3.500%, 11/17/23 |
1 | 1 | ||||||
5.354%, VAR LIBOR+3.500%, 11/17/23 |
348 | 350 | ||||||
5.218%, VAR LIBOR+3.500%, 11/17/23 |
40 | 40 | ||||||
5.170%, VAR LIBOR+3.500%, 11/17/23 |
106 | 107 | ||||||
|
|
|||||||
727 | ||||||||
|
|
|||||||
Gaming & Hotels – 0.3% |
||||||||
Belmond Interfin Ltd., Term Loan B, 1st Lien |
||||||||
4.627%, 07/03/24 (D) |
995 | 998 | ||||||
CBAC Borrower, LLC, Term B Loan, 1st Lien |
||||||||
5.648%, VAR LIBOR+4.000%, 07/08/24 |
508 | 512 | ||||||
Golden Nugget, Inc., Initial B Term Loan, 1st Lien |
||||||||
5.039%, VAR LIBOR+3.250%, 10/04/23 |
603 | 608 | ||||||
4.900%, VAR LIBOR+3.250%, 10/04/23 |
461 | 465 | ||||||
4.898%, VAR LIBOR+3.250%, 10/04/23 |
3 | 3 |
93
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Hanjin International Corp., Initial Term Loan, 1st Lien |
||||||||
4.234%, VAR LIBOR+2.500%, 10/19/20 |
$ | 1,000 | $ | 1,003 | ||||
Hilton Worldwide Finance LLC, Series B-2 Term Loan, 1st Lien |
||||||||
3.621%, VAR LIBOR+2.000%, 10/25/23 |
728 | 731 | ||||||
K-Mac Holdings, Term Loan, 1st Lien |
||||||||
8.536%, 03/09/26 |
296 | 299 | ||||||
MGM Growth Properties Operating Partnership LP, Term B Loan |
||||||||
3.877%, VAR LIBOR+2.000%, 04/25/23 ‡ |
266 | 266 | ||||||
Playa Resorts Holding B.V., Initial Term Loan, 1st Lien |
||||||||
5.000%, VAR LIBOR+3.250%, 04/29/24 |
611 | 614 | ||||||
4.890%, VAR LIBOR+3.250%, 04/29/24 |
2 | 2 | ||||||
|
|
|||||||
5,501 | ||||||||
|
|
|||||||
Health Care – 0.6% |
||||||||
Catalent Pharma Solutions, Inc. (fka Cardinal Health 409, Inc.), Dollar Term Loan, 1st Lien |
||||||||
3.898%, VAR LIBOR+2.250%, 05/20/24 |
1,248 | 1,252 | ||||||
CP VI Bella Midco, LLC, Initial Loan |
||||||||
8.436%, VAR LIBOR+6.750%, 01/23/26 |
88 | 87 | ||||||
Endo Luxembourg Finance Company I S.à r.l., Initial Term Loan, 1st Lien |
||||||||
6.188%, VAR LIBOR+4.250%, 04/29/24 |
888 | 886 | ||||||
Grifols Worldwide Operations Limited, Tranche B Term Loan, 1st Lien |
||||||||
3.986%, VAR LIBOR+2.250%, 01/31/25 |
1,049 | 1,052 | ||||||
HCA Inc., Tranche B-11 Term Loan |
||||||||
3.398%, VAR LIBOR+1.750%, 03/17/23 |
412 | 414 | ||||||
Onex Carestream Finance LP, Term Loan (First Lien 2013), 1st Lien |
||||||||
5.693%, VAR LIBOR+4.000%, 06/07/19 |
152 | 153 | ||||||
Prospect Medical Holdings, Term Loan B, 1st Lien |
||||||||
7.188%, 02/16/24 |
1,499 | 1,499 | ||||||
Sterigenics-Nordion Holdings, LLC, Incremental Term Loan, 1st Lien |
||||||||
4.877%, VAR LIBOR+3.000%, 05/15/22 |
748 | 748 | ||||||
Surgery Center Holdings, Initial Term Loan, 1st Lien |
||||||||
5.130%, VAR LIBOR+3.250%, 09/02/24 |
887 | 886 |
Description | Face Amount (000) |
Value (000) | ||||||
Tecostar Holdings, Inc., 2017 Term Loan |
||||||||
7.000%, VAR LIBOR+3.500%, 05/01/24 |
$ | 2 | $ | 2 | ||||
5.278%, VAR LIBOR+3.500%, 05/01/24 |
800 | 805 | ||||||
Valeant Pharmaceuticals International, Ser F Tranche B Term Loan, 1st Lien |
||||||||
5.240%, VAR LIBOR+3.500%, 04/01/22 |
823 | 831 | ||||||
Western Dental Services |
||||||||
6.148%, 06/23/23 (D) |
1,208 | 1,217 | ||||||
|
|
|||||||
9,832 | ||||||||
|
|
|||||||
Home Furnishings – 0.1% |
||||||||
Comfort Holding, LLC, Initial Term Loan |
||||||||
11.740%, VAR LIBOR+10.000%, 01/31/25 |
292 | 271 | ||||||
6.490%, VAR LIBOR+4.750%, 02/05/24 |
348 | 337 | ||||||
Serta Simmons Bedding, LLC, Initial Term Loan |
||||||||
5.291%, VAR LIBOR+3.500%, 10/20/23 |
232 | 209 | ||||||
5.195%, VAR LIBOR+3.500%, 10/20/23 |
834 | 753 | ||||||
|
|
|||||||
1,570 | ||||||||
|
|
|||||||
Insurance – 0.4% |
||||||||
Acrisure, LLC, 2017-2 Refinancing Term Loan |
||||||||
5.991%, VAR LIBOR+4.250%, 11/22/23 |
1,086 | 1,098 | ||||||
Alliant Holdings Intermediate, LLC, Initial Term Loan, 1st Lien |
||||||||
4.898%, VAR LIBOR+3.250%, 08/12/22 |
1,161 | 1,167 | ||||||
AmWINS Group, Inc., Term Loan, 1st Lien |
||||||||
4.490%, VAR LIBOR+2.750%, 01/25/24 |
286 | 287 | ||||||
4.398%, VAR LIBOR+2.750%, 01/25/24 |
704 | 708 | ||||||
Hyperion Insurance, Term Loan B, 1st Lien |
||||||||
5.188%, 12/13/24 |
1,234 | 1,245 | ||||||
NFP Corp., Term B Loan, 1st Lien |
||||||||
4.648%, VAR LIBOR+3.000%, 01/08/24 |
1,208 | 1,211 | ||||||
Sedgwick Cms Holdings, |
||||||||
4.627%, VAR LIBOR+2.750%, 03/01/21 |
1,150 | 1,148 | ||||||
|
|
|||||||
6,864 | ||||||||
|
|
|||||||
Investment Company – 0.1% |
||||||||
EIG Management, Term Loan B, 1st Lien |
||||||||
5.654%, 01/31/25 |
450 | 453 |
94
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
StepStone Group, Term Loan B, 1st Lien |
||||||||
0.000%, 03/14/25 (F) |
$ | 484 | $ | 485 | ||||
|
|
|||||||
938 | ||||||||
|
|
|||||||
Leasing – 0.2% |
| |||||||
Avolon TLB Borrower 1 (US) LLC, Initial Term B-2 Loan |
||||||||
4.072%, VAR LIBOR+2.250%, 03/21/22 |
1,385 | 1,385 | ||||||
BakerCorp International, Inc. (f/k/a B-Corp Holdings, Inc.), Refinanced Term Loan, 1st Lien |
||||||||
4.772%, VAR LIBOR+3.000%, 02/07/20 |
594 | 584 | ||||||
Fly Funding II S.à r.l., Loan, 1st Lien |
||||||||
3.800%, VAR LIBOR+2.000%, 02/09/23 |
690 | 690 | ||||||
USS Ultimate Holdings, Inc., Initial Term Loan |
||||||||
5.398%, VAR LIBOR+3.750%, 08/09/24 |
367 | 368 | ||||||
|
|
|||||||
3,027 | ||||||||
|
|
|||||||
Machinery – 0.2% |
| |||||||
Blount International, Inc., Refinancing Term Loan, 1st Lien |
||||||||
5.920%, VAR LIBOR+4.250%, 04/12/23 |
500 | 506 | ||||||
Clark Equipment Company, Repriced Term Loan, 1st Lien |
||||||||
4.302%, VAR LIBOR+2.000%, 05/18/24 |
1,189 | 1,189 | ||||||
Douglas Dynamics, Initial Term Loan, 1st Lien |
||||||||
4.700%, 12/31/21 (D) |
401 | 403 | ||||||
Graftech International Ltd., Initial Term Loan, 1st Lien |
||||||||
5.240%, VAR LIBOR+3.500%, 02/12/25 |
750 | 750 | ||||||
SiteOne Landscape Supply, LLC (fka John Deere Landscapes LLC), Tranche D Term Loan, 1st Lien |
||||||||
4.400%, VAR LIBOR+2.750%, 04/29/22 |
788 | 790 | ||||||
|
|
|||||||
3,638 | ||||||||
|
|
|||||||
Manufacturing – 0.1% |
| |||||||
Allflex 7/13, Term Loan 5.138%, 06/05/20 |
524 | 527 | ||||||
Aristocrat Leisure Limited, 2017/2018 Incremental Term Loan |
||||||||
3.745%, VAR LIBOR+2.000%, 09/19/24 |
466 | 467 | ||||||
3.635%, VAR LIBOR+2.000%, 09/19/24 |
1 | 1 | ||||||
|
|
|||||||
995 | ||||||||
|
|
Description | Face Amount (000) |
Value (000) | ||||||
Media – 0.5% |
| |||||||
CSC Holdings, LLC (fka CSC Holdings, Inc.), January 2018 Incremental Term Loan |
||||||||
4.277%, VAR LIBOR+2.500%, 01/12/26 |
$ | 1,000 | $ | 1,000 | ||||
CSC Holdings, LLC (fka CSC Holdings, Inc.), March 2017 Refinancing Term Loan |
||||||||
4.036%, VAR LIBOR+2.250%, 07/17/25 |
761 | 758 | ||||||
EMI Music Publishing, Term Loan, 1st Lien |
||||||||
3.984%, 08/21/23 (D) |
1,346 | 1,349 | ||||||
Entravision, Term Loan B, 1st Lien |
||||||||
4.398%, 11/22/24 |
748 | 748 | ||||||
Lamar Media Corp., Term Loan B, 1st Lien |
||||||||
3.563%, 02/14/25 |
1,000 | 1,001 | ||||||
Mission Broadcasting, Inc., Term B-2 Loan, 1st Lien |
||||||||
4.164%, VAR LIBOR+2.500%, 01/17/24 |
61 | 62 | ||||||
Nexstar Broadcasting, Inc., Term B-2 Loan, 1st Lien |
||||||||
4.164%, VAR LIBOR+2.500%, 01/17/24 |
477 | 478 | ||||||
Numericable U.S. LLC, USD TLB-[12] Term Loan |
||||||||
4.720%, VAR LIBOR+3.000%, 01/31/26 |
998 | 968 | ||||||
Technicolor S.A., First Incremental U.S. Term Loan, 1st Lien |
||||||||
4.734%, VAR LIBOR+2.750%, 12/06/23 |
495 | 492 | ||||||
Ziggo Secured Finance Partnership, Term Loan E Facility, 1st Lien |
||||||||
4.277%, VAR LIBOR+2.500%, 04/15/25 |
1,000 | 992 | ||||||
|
|
|||||||
7,848 | ||||||||
|
|
|||||||
Metals & Mining – 0.0% |
| |||||||
Dynacast International LLC, Term B-2 Loan, 1st Lien |
||||||||
5.552%, VAR LIBOR+3.250%, 01/28/22 |
496 | 498 | ||||||
|
|
|||||||
Metals/Minerals – 0.1% |
| |||||||
Atkore International, Inc., Term Loan (2016) |
||||||||
5.060%, VAR LIBOR+2.750%, 12/22/23 |
1,500 | 1,509 | ||||||
|
|
|||||||
Oil & Gas – 0.3% |
| |||||||
BCP Raptor, LLC, Initial Term Loan, 1st Lien |
||||||||
6.039%, VAR LIBOR+4.250%, 06/24/24 |
469 | 471 | ||||||
5.898%, VAR LIBOR+4.250%, 06/24/24 |
1 | 1 |
95
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
EG America, LLC, Term Loan B, 1st Lien |
||||||||
0.000%, 02/07/25 (F) |
$ | 1,163 | $ | 1,160 | ||||
EG America, LLC, Term Loan, 2nd Lien |
||||||||
0.000%, 03/23/26 (F) |
500 | 496 | ||||||
Limetree Bay Terminals, LLC (Limetree Bay Financing, LLC), Advance, 1st Lien |
||||||||
5.854%, VAR LIBOR+4.000%, 02/15/24 |
744 | 743 | ||||||
Lucid Energy Group II Borrower, LLC, Initial Term Loan, 1st Lien |
||||||||
4.786%, VAR LIBOR+3.000%, 02/17/25 |
1,000 | 993 | ||||||
Oryx Southern, Initial Term Loan |
||||||||
5.127%, 02/25/28 |
616 | 616 | ||||||
Philadelphia Energy Solutions Refining and Marketing LLC, Term Loan B, 1st Lien |
||||||||
8.500%, VAR Prime Rate by Country+4.000%, 04/04/18 (C) |
688 | 589 | ||||||
Seadrill Operating LP (Seadrill Partners Finco LLC), Initial Term Loan, 1st Lien |
||||||||
8.302%, VAR LIBOR+6.000%, 02/21/21 |
360 | 301 | ||||||
Traverse Midstream Partners LLC, Advance, 1st Lien |
||||||||
5.850%, VAR LIBOR+4.000%, 09/27/24 |
278 | 279 | ||||||
|
|
|||||||
5,649 | ||||||||
|
|
|||||||
Personal Services – 0.1% |
| |||||||
William Morris Endeavor Entertainment, LLC (IMG Worldwide Holdings, LLC), Term Loan, 1st Lien |
||||||||
5.130%, VAR LIBOR+3.250%, 05/06/21 |
1,132 | 1,138 | ||||||
4.900%, VAR LIBOR+3.250%, 05/06/21 |
103 | 104 | ||||||
|
|
|||||||
1,242 | ||||||||
|
|
|||||||
Professional & Business Services – 0.8% |
| |||||||
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan |
||||||||
5.443%, VAR LIBOR+3.750%, 07/28/22 |
995 | 980 | ||||||
Avantor, Inc., Initial Dollar Term Loan |
||||||||
5.648%, VAR LIBOR+4.000%, 09/20/24 |
1,000 | 1,010 | ||||||
BCP Renaissance Parent L.L.C., Initial Term Loan, 1st Lien |
||||||||
5.772%, VAR LIBOR+4.000%, 10/31/24 |
717 | 720 | ||||||
Casmar Holdings (Australia) Pty Limited, Initial Term Loan |
||||||||
5.500%, VAR LIBOR+4.500%, 12/08/23 |
495 | 491 |
Description | Face Amount (000) |
Value (000) | ||||||
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien |
||||||||
4.627%, VAR LIBOR+2.750%, 03/01/24 |
$ | 1,390 | $ | 1,393 | ||||
Evertec, Term Loan A |
||||||||
4.183%, 01/20/17 (D) |
17 | 17 | ||||||
Evertec, Term Loan A, 1st Lien |
||||||||
4.277%, 01/20/18 (D) |
1,053 | 1,042 | ||||||
Explorer Holdings, Inc., Initial Term Loan, 1st Lien |
||||||||
5.522%, VAR LIBOR+3.750%, 05/02/23 |
251 | 253 | ||||||
FinCo I LLC, Initial Term Loan, 1st Lien |
||||||||
4.627%, VAR LIBOR+2.750%, 12/27/22 |
1,500 | 1,517 | ||||||
Flex Acquisition Company, Inc., Initial Term Loan, 1st Lien |
||||||||
4.695%, VAR LIBOR+3.000%, 12/29/23 |
1,492 | 1,499 | ||||||
Focus Financial Partners, LLC, Term Loan, 1st Lien |
||||||||
5.052%, 07/03/24 |
987 | 989 | ||||||
GHX Ultimate Parent Corporation, Initial Term Loan |
||||||||
4.693%, VAR LIBOR+3.000%, 06/21/24 |
750 | 752 | ||||||
Infinity Acquisition, LLC, Initial Term Loan, 1st Lien |
||||||||
4.693%, VAR LIBOR+3.000%, 08/06/21 |
1,144 | 1,144 | ||||||
iPayment, Inc., New Term Loan |
||||||||
6.618%, VAR LIBOR+5.000%, 04/11/23 |
517 | 522 | ||||||
On Assignment Inc., Term Loan B, 1st Lien |
||||||||
0.000%, 02/21/25 (F) |
465 | 466 | ||||||
WEX Inc., Term B-2 Loan, 1st Lien |
||||||||
3.898%, VAR LIBOR+2.250%, 06/30/23 |
997 | 1,004 | ||||||
|
|
|||||||
13,799 | ||||||||
|
|
|||||||
Real Estate – 0.3% |
| |||||||
Capital Automotive L.P., Initial Tranche B Term Loan |
||||||||
7.650%, VAR LIBOR+6.000%, 03/21/25 |
232 | 234 | ||||||
Capital Automotive L.P., Initial Tranche B-2 Term Loan |
||||||||
4.150%, VAR LIBOR+2.500%, 03/21/24 |
1,497 | 1,501 |
96
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
DTZ U.S. Borrower, LLC (DTZ AUS Holdco PTY Limited), 2015-1 Additional Term Loan |
||||||||
6.750%, VAR LIBOR+3.250%, 11/04/21 |
$ | 2 | $ | 2 | ||||
5.234%, VAR LIBOR+3.250%, 11/04/21 |
691 | 687 | ||||||
5.022%, VAR LIBOR+3.250%, 11/04/21 |
311 | 309 | ||||||
4.943%, VAR LIBOR+3.250%, 11/04/21 |
40 | 40 | ||||||
iStar Inc. (fka iStar Financial Inc.), Loan, 1st Lien |
||||||||
4.841%, VAR LIBOR+3.000%, 10/01/21 |
168 | 169 | ||||||
4.691%, VAR LIBOR+3.000%, 10/01/21 |
186 | 187 | ||||||
Quality Care Properties, Term Loan B, 1st Lien |
||||||||
0.000%, 10/24/22 (F) |
750 | 758 | ||||||
RE/MAX, LLC (fka RE/MAX International, LLC), Term Loan, 1st Lien |
||||||||
5.052%, VAR LIBOR+2.750%, 12/15/23 |
494 | 496 | ||||||
RHP Hotel Properties, LP, Tranche B Term Loan, 1st Lien |
||||||||
4.070%, VAR LIBOR+2.250%, 05/11/24 |
744 | 748 | ||||||
|
|
|||||||
5,131 | ||||||||
|
|
|||||||
Retailing – 0.3% |
| |||||||
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/Tim Hortons), Term B-3 Loan, 1st Lien |
||||||||
4.552%, VAR LIBOR+2.250%, 02/16/24 |
537 | 537 | ||||||
4.127%, VAR LIBOR+2.250%, 02/16/24 |
835 | 835 | ||||||
Belron Finance US LLC, Initial Term B Loan, 1st Lien |
||||||||
4.294%, VAR LIBOR+2.500%, 11/07/24 |
1,000 | 1,004 | ||||||
HD Supply, Inc., Term B-4 Loan, 1st Lien |
||||||||
4.193%, VAR LIBOR+2.500%, 10/17/23 |
743 | 747 | ||||||
Mister Car Wash Holdings, Inc., Term Loan, 1st Lien |
||||||||
4.904%, VAR LIBOR+3.250%, 08/20/21 |
750 | 753 | ||||||
Tacala Investment Corp., Initial Term Loan |
||||||||
8.664%, VAR LIBOR+7.000%, 01/26/26 |
500 | 509 | ||||||
4.914%, VAR LIBOR+3.250%, 01/26/25 |
500 | 502 |
Description | Face Amount (000) |
Value (000) | ||||||
Trugreen Limited Partnership, Initial Incremental Term Loan |
||||||||
5.740%, VAR LIBOR+4.000%, 04/13/23 |
$ | 494 | $ | 498 | ||||
|
|
|||||||
5,385 | ||||||||
|
|
|||||||
Securities & Trusts – 0.1% |
| |||||||
AssuredPartners, Inc., 2017 September Refinancing Term Loan |
||||||||
5.148%, VAR LIBOR+3.500%, 10/22/24 |
748 | 749 | ||||||
Baring Private Equity Asia VI Holding (2) Limited, Initial Dollar Term Loan |
||||||||
4.898%, VAR LIBOR+3.250%, 10/26/22 |
748 | 748 | ||||||
RPI Finance Trust, Initial Term Loan B-6, 1st Lien |
||||||||
4.302%, VAR LIBOR+2.000%, 03/27/23 |
736 | 739 | ||||||
|
|
|||||||
2,236 | ||||||||
|
|
|||||||
Shipping & Ship Building – 0.2% |
| |||||||
AI Mistral Holdco Limited, Initial Term Loan |
||||||||
4.648%, VAR LIBOR+3.000%, 01/17/24 |
744 | 741 | ||||||
Hornblower Sub, LLC, Term Loan, 1st Lien |
||||||||
0.000%, 03/28/25 (F) |
553 | 553 | ||||||
International Seaways Operating Corporation, Term Loan, 1st Lien |
||||||||
7.150%, VAR LIBOR+5.500%, 06/22/22 |
741 | 736 | ||||||
Navios Maritime Partners L.P (Navios Partners Finance (US) Inc.), Initial Term Loan, 1st Lien |
||||||||
7.080%, VAR LIBOR+5.000%, 09/14/20 |
963 | 969 | ||||||
|
|
|||||||
2,999 | ||||||||
|
|
|||||||
Steel – 0.1% |
| |||||||
Zekelman Industries (fka JMC Steel Group), Term Loan, 1st Lien |
||||||||
4.999%, VAR LIBOR+2.750%, 06/14/21 |
834 | 837 | ||||||
|
|
|||||||
Telecommunications – 0.7% |
| |||||||
Altice Financing S.A., March 2017 Refinancing Term Loan |
||||||||
4.470%, VAR LIBOR+2.750%, 07/15/25 |
948 | 927 | ||||||
CenturyLink, Inc., Initial Term B Loan, 1st Lien |
||||||||
4.398%, VAR LIBOR+2.750%, 01/31/25 |
1,000 | 983 | ||||||
Ciena, Refinancing Term Loan, 1st Lien |
||||||||
4.322%, VAR LIBOR+2.500%, 01/26/22 |
992 | 995 |
97
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
CPI International, Initial Term Loan, 1st Lien |
||||||||
8.898%, 07/25/25 (D) |
$ | 313 | $ | 313 | ||||
Digicel International Finance Limited, Initial Term B Loan |
||||||||
5.020%, VAR LIBOR+3.250%, 05/27/24 |
360 | 358 | ||||||
Flint Acquisition Company, Inc 12/29/2023 Lien 1 |
||||||||
4.650%, 09/07/21 (D) |
2 | 2 | ||||||
Level 3 Financing, Inc., Tranche B 2024 Term Loan |
||||||||
4.111%, VAR LIBOR+2.250%, 02/22/24 |
1,670 | 1,673 | ||||||
Lumos Networks, Delayed Term Loan, 1st Lien |
||||||||
0.000%, 10/27/24 (F) |
300 | 301 | ||||||
MTN Infrastructure TopCo, Inc., Initial Term Loan, 1st Lien |
||||||||
4.898%, VAR LIBOR+3.250%, 11/15/24 |
806 | 812 | ||||||
Radiate Holdco, LLC, Closing Date Term Loan |
||||||||
4.877%, VAR LIBOR+3.000%, 02/01/24 |
993 | 986 | ||||||
SBA Finance, Incremental Term Loan, 1st Lien |
||||||||
3.900%, VAR LIBOR+2.250%, 06/10/22 |
499 | 499 | ||||||
SBA Senior Finance II LLC, Incremental Tranche B-1 Term Loan, 1st Lien |
||||||||
3.900%, VAR LIBOR+2.250%, 03/24/21 |
725 | 727 | ||||||
Sprint Communications, Initial Term Loan |
||||||||
4.438%, VAR LIBOR+2.500%, 02/02/24 |
1,290 | 1,290 | ||||||
Zayo Group LLC (Zayo Capital, Inc.), 2017 Incremental Refinancing B-2 Term Facility |
||||||||
4.127%, VAR LIBOR+2.250%, 01/19/24 |
1,476 | 1,483 | ||||||
|
|
|||||||
11,349 | ||||||||
|
|
|||||||
Textile & Apparel Mfg. – 0.0% |
| |||||||
ABG Intermediate Holdings 2 LLC, Initial Term Loan |
||||||||
9.443%, VAR LIBOR+7.750%, 09/29/25 |
500 | 506 | ||||||
|
|
|||||||
Trading Companies & Distributors – 0.0% |
| |||||||
SouthernCarlson Inc., Term Loan, 1st Lien |
||||||||
0.000%, 03/21/25 (F) |
387 | 387 | ||||||
SouthernCarlson Inc., Term Loan, 2nd Lien |
||||||||
0.000%, 03/23/26 (F) |
231 | 225 | ||||||
|
|
|||||||
612 | ||||||||
|
|
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Transportation – 0.1% |
| |||||||
Agro Merchants North America Holdings, Inc., Effective Date Loan |
||||||||
5.398%, VAR LIBOR+3.750%, 11/15/24 |
1,000 | $ | 1,006 | |||||
XPO Logistics, Inc., Refinancing Term Loan |
||||||||
(2018) 3.920%, VAR LIBOR+2.000%, 02/24/25 |
1,046 | 1,050 | ||||||
|
|
|||||||
2,056 | ||||||||
|
|
|||||||
Total Loan Participations |
172,344 | |||||||
|
|
|||||||
Sovereign Debt — 8.6% |
| |||||||
1MDB Global Investments |
||||||||
4.400%, 03/09/23 |
3,100 | 2,954 | ||||||
African Development Bank |
||||||||
2.625%, 03/22/21 |
125 | 125 | ||||||
2.125%, 11/16/22 |
50 | 49 | ||||||
1.375%, 02/12/20 |
100 | 98 | ||||||
1.125%, 09/20/19 |
100 | 98 | ||||||
Andina de Fomento |
||||||||
4.375%, 06/15/22 |
100 | 105 | ||||||
Anglo American Capital |
||||||||
4.500%, 03/15/28 (A) |
820 | 818 | ||||||
Angolan Government International Bond |
||||||||
9.500%, 11/12/25 (A) |
350 | 396 | ||||||
Argentine Bonos del Tesoro |
||||||||
18.200%, 10/03/21 (ARS) |
15,923 | 792 | ||||||
Argentine Republic Government International Bond |
||||||||
8.280%, 12/31/33 |
2,032 | 2,224 | ||||||
7.500%, 04/22/26 |
3,145 | 3,356 | ||||||
7.125%, 07/06/36 (A) |
560 | 539 | ||||||
7.125%, 06/28/17 (A) |
360 | 332 | ||||||
6.875%, 04/22/21 |
545 | 578 | ||||||
6.875%, 01/11/48 |
830 | 757 | ||||||
5.625%, 01/26/22 |
935 | 948 | ||||||
3.750%, 03/31/19 (E) |
1,834 | 1,218 | ||||||
Armenia International Bond |
||||||||
6.000%, 09/30/20 (A) |
676 | 700 | ||||||
Asian Development Bank |
||||||||
2.750%, 03/17/23 |
235 | 235 | ||||||
2.750%, 01/19/28 |
200 | 197 | ||||||
2.375%, 08/10/27 |
100 | 96 | ||||||
2.000%, 01/22/25 |
100 | 95 | ||||||
1.750%, 06/08/21 |
200 | 194 | ||||||
1.625%, 08/26/20 |
100 | 98 | ||||||
1.625%, 03/16/21 |
200 | 194 | ||||||
1.000%, 08/16/19 |
100 | 98 | ||||||
Azerbaijan Government International Bond |
||||||||
4.750%, 03/18/24 (A) |
795 | 800 | ||||||
Bahamas Government International Bond |
||||||||
6.000%, 11/21/28 (A) |
1,210 | 1,255 |
98
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face
Amount (000)(1) |
Value (000) | ||||||
Banco Nacional de Desenvolvimento Economico e Social |
||||||||
4.750%, 05/09/24 (A) |
715 | $ | 713 | |||||
Bolivian Government International Bond |
||||||||
4.500%, 03/20/28 (A) |
880 | 829 | ||||||
Brazil Notas do Tesouro Nacional Serie F |
||||||||
10.000%, 01/01/21 (BRL) |
1,230 | 391 | ||||||
10.000%, 01/01/23 (BRL) |
3,425 | 1,081 | ||||||
10.000%, 01/01/25 (BRL) |
1,775 | 556 | ||||||
Brazilian Government International Bond |
||||||||
6.000%, 04/07/26 |
200 | 220 | ||||||
5.625%, 01/07/41 |
370 | 363 | ||||||
5.625%, 02/21/47 |
670 | 649 | ||||||
4.875%, 01/22/21 |
365 | 380 | ||||||
Canada Government International Bond |
||||||||
2.000%, 11/15/22 |
100 | 97 | ||||||
Chile Government International Bond |
||||||||
3.860%, 06/21/47 |
973 | 948 | ||||||
3.240%, 02/06/28 |
200 | 196 | ||||||
3.125%, 01/21/26 |
107 | 105 | ||||||
Colombia Government International Bond |
||||||||
7.375%, 09/18/37 |
945 | 1,210 | ||||||
6.125%, 01/18/41 |
735 | 847 | ||||||
5.000%, 06/15/45 |
860 | 872 | ||||||
4.500%, 01/28/26 |
340 | 351 | ||||||
4.375%, 07/12/21 |
200 | 207 | ||||||
4.000%, 02/26/24 |
970 | 978 | ||||||
3.875%, 04/25/27 |
1,617 | 1,596 | ||||||
Costa Rica Government International Bond |
||||||||
7.158%, 03/12/45 (A) |
700 | 729 | ||||||
7.000%, 04/04/44 (A) |
520 | 537 | ||||||
Council of Europe Development Bank |
||||||||
2.625%, 02/13/23 |
30 | 30 | ||||||
1.750%, 11/14/19 |
100 | 99 | ||||||
Dominican Republic International Bond |
||||||||
7.450%, 04/30/44 (A) |
1,055 | 1,192 | ||||||
6.875%, 01/29/26 (A) |
990 | 1,098 | ||||||
6.850%, 01/27/45 (A) |
250 | 269 | ||||||
6.600%, 01/28/24 (A) |
290 | 315 | ||||||
6.500%, 02/15/48 (A) |
780 | 807 | ||||||
5.950%, 01/25/27 (A) |
800 | 836 | ||||||
5.500%, 01/27/25 (A) |
365 | 376 | ||||||
Ecuador Government International Bond |
||||||||
10.750%, 03/28/22 (A) |
790 | 864 | ||||||
9.650%, 12/13/26 (A) |
760 | 802 | ||||||
8.875%, 10/23/27 (A) |
700 | 712 | ||||||
8.750%, 06/02/23 (A) |
440 | 451 | ||||||
7.950%, 06/20/24 (A) |
1,220 | 1,211 | ||||||
7.950%, 06/20/24 |
210 | 209 | ||||||
7.875%, 01/23/28 (A) |
680 | 655 |
Description | Face Amount (000) |
Value (000) | ||||||
Egypt Government International Bond |
||||||||
8.500%, 01/31/47 (A) |
$ | 500 | $ | 557 | ||||
7.903%, 02/21/48 (A) |
1,120 | 1,177 | ||||||
7.500%, 01/31/27 (A) |
860 | 931 | ||||||
6.125%, 01/31/22 (A) |
400 | 414 | ||||||
5.577%, 02/21/23 (A) |
360 | 365 | ||||||
El Salvador Government International Bond |
||||||||
8.625%, 02/28/29 (A) |
445 | 511 | ||||||
7.650%, 06/15/35 (A) |
1,375 | 1,450 | ||||||
7.375%, 12/01/19 (A) |
365 | 379 | ||||||
European Bank for Reconstruction & Development |
||||||||
1.750%, 11/26/19 |
150 | 149 | ||||||
1.500%, 03/16/20 |
200 | 196 | ||||||
0.875%, 07/22/19 |
200 | 196 | ||||||
European Investment Bank |
||||||||
3.250%, 01/29/24 |
250 | 256 | ||||||
2.500%, 03/15/23 |
295 | 291 | ||||||
2.375%, 05/13/21 |
250 | 248 | ||||||
2.375%, 05/24/27 |
250 | 239 | ||||||
2.250%, 03/15/22 |
150 | 147 | ||||||
2.125%, 10/15/21 |
200 | 196 | ||||||
2.125%, 04/13/26 |
100 | 95 | ||||||
2.000%, 12/15/22 |
150 | 145 | ||||||
1.375%, 06/15/20 |
150 | 146 | ||||||
1.375%, 09/15/21 |
100 | 96 | ||||||
1.250%, 05/15/19 |
100 | 99 | ||||||
1.250%, 12/16/19 |
300 | 294 | ||||||
Export Credit Bank of Turkey |
||||||||
5.875%, 04/24/19 (A) |
200 | 203 | ||||||
Export Development Canada |
||||||||
2.500%, 01/24/23 |
100 | 99 | ||||||
2.000%, 05/17/22 |
200 | 194 | ||||||
Export-Import Bank of Korea |
||||||||
2.875%, 01/21/25 |
200 | 190 | ||||||
2.500%, 05/10/21 |
200 | 195 | ||||||
Georgia Government International Bond |
||||||||
6.875%, 04/12/21 (A) |
1,260 | 1,359 | ||||||
Ghana Government International Bond |
||||||||
10.750%, 10/14/30 (A) |
970 | 1,267 | ||||||
9.250%, 09/15/22 (A) |
490 | 558 | ||||||
Guatemala Government Bond |
||||||||
4.875%, 02/13/28 (A) |
400 | 399 | ||||||
Hashemite Kingdom of Jordan Government AID Bond |
||||||||
2.503%, 10/30/20 |
200 | 200 | ||||||
Honduras Government International Bond |
||||||||
8.750%, 12/16/20 (A) |
670 | 740 | ||||||
7.500%, 03/15/24 (A) |
200 | 220 | ||||||
6.250%, 01/19/27 (A) |
330 | 349 | ||||||
Hungary Government International Bond |
||||||||
5.750%, 11/22/23 |
900 | 995 | ||||||
5.375%, 03/25/24 |
1,540 | 1,678 |
99
KP Fixed Income Fund |
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Indonesia Government International Bond |
||||||||
8.500%, 10/12/35 (A) |
$ | 1,410 | $ | 2,001 | ||||
8.500%, 10/12/35 |
260 | 369 | ||||||
5.250%, 01/17/42 (A) |
400 | 421 | ||||||
5.250%, 01/08/47 (A) |
280 | 297 | ||||||
4.350%, 01/11/48 |
1,380 | 1,316 | ||||||
3.850%, 07/18/27 (A) |
500 | 490 | ||||||
3.700%, 01/08/22 (A) |
210 | 211 | ||||||
Inter-American Development Bank |
||||||||
2.500%, 01/18/23 |
150 | 148 | ||||||
2.375%, 07/07/27 |
100 | 96 | ||||||
2.125%, 11/09/20 |
250 | 248 | ||||||
2.125%, 01/15/25 |
125 | 120 | ||||||
1.875%, 03/15/21 |
150 | 147 | ||||||
1.750%, 04/14/22 |
150 | 145 | ||||||
1.750%, 09/14/22 |
100 | 96 | ||||||
1.625%, 05/12/20 |
150 | 148 | ||||||
1.000%, 05/13/19 |
100 | 99 | ||||||
International Bank for Reconstruction &Development |
||||||||
2.500%, 11/25/24 |
300 | 294 | ||||||
2.500%, 07/29/25 |
150 | 147 | ||||||
2.250%, 06/24/21 |
50 | 49 | ||||||
2.125%, 12/13/21 |
200 | 196 | ||||||
2.125%, 02/13/23 |
100 | 97 | ||||||
2.000%, 01/26/22 |
200 | 195 | ||||||
1.875%, 10/07/19 |
200 | 199 | ||||||
1.875%, 04/21/20 |
200 | 198 | ||||||
1.625%, 03/09/21 |
150 | 146 | ||||||
1.375%, 09/20/21 |
300 | 287 | ||||||
1.250%, 07/26/19 |
100 | 99 | ||||||
International Finance |
||||||||
2.000%, 10/24/22 |
50 | 49 | ||||||
1.625%, 07/16/20 |
100 | 98 | ||||||
1.125%, 07/20/21 |
100 | 95 | ||||||
Israel Government International Bond |
||||||||
3.150%, 06/30/23 |
200 | 199 | ||||||
Ivory Coast Government International Bond |
||||||||
6.125%, 06/15/33 (A) |
1,010 | 960 | ||||||
5.750%, 12/31/32 (A) |
679 | 652 | ||||||
5.375%, 07/23/24 (A) |
450 | 441 | ||||||
Jamaica Government International Bond |
||||||||
8.000%, 03/15/39 |
250 | 299 | ||||||
Japan Bank for International Cooperation |
||||||||
2.500%, 06/01/22 |
200 | 196 | ||||||
2.375%, 04/20/26 |
200 | 190 | ||||||
2.250%, 11/04/26 |
200 | 187 | ||||||
2.125%, 07/21/20 |
200 | 197 | ||||||
Jordan Government International Bond |
||||||||
7.375%, 10/10/47 (A) |
1,020 | 1,030 | ||||||
6.125%, 01/29/26 (A) |
200 | 201 | ||||||
5.750%, 01/31/27 (A) |
370 | 360 | ||||||
Kazakhstan Government International Bond |
||||||||
6.500%, 07/21/45 (A) |
540 | 652 |
Description | Face Amount (000)(1) |
Value (000) | ||||||
Kenya Government International Bond |
||||||||
8.250%, 02/28/48 (A) |
560 | $ | 599 | |||||
7.250%, 02/28/28 (A) |
390 | 408 | ||||||
Korea Development Bank |
||||||||
2.500%, 01/13/21 |
200 | 196 | ||||||
Korea International Bond |
||||||||
7.125%, 04/16/19 |
100 | 105 | ||||||
2.750%, 01/19/27 |
200 | 190 | ||||||
Kreditanstalt fuer Wiederaufbau |
||||||||
2.125%, 03/07/22 |
150 | 147 | ||||||
1.750%, 03/31/20 |
500 | 493 | ||||||
1.750%, 09/15/21 |
200 | 194 | ||||||
1.625%, 05/29/20 |
250 | 245 | ||||||
Lebanon Government International Bond |
||||||||
8.250%, 04/12/21 |
920 | 968 | ||||||
6.750%, 11/29/27 |
320 | 305 | ||||||
6.650%, 11/03/28 |
160 | 151 | ||||||
6.600%, 11/27/26 |
450 | 430 | ||||||
6.375%, 03/09/20 |
285 | 286 | ||||||
6.200%, 02/26/25 |
390 | 372 | ||||||
6.100%, 10/04/22 |
440 | 432 | ||||||
6.000%, 01/27/23 |
505 | 490 | ||||||
5.450%, 11/28/19 |
530 | 527 | ||||||
Malaysia Government Bond |
||||||||
4.254%, 05/31/35 (MYR) |
4,470 | 1,110 | ||||||
3.844%, 04/15/33 (MYR) |
2,510 | 607 | ||||||
Mexico Government International Bond |
||||||||
5.550%, 01/21/45 |
500 | 539 | ||||||
4.600%, 02/10/48 |
1,085 | 1,030 | ||||||
4.150%, 03/28/27 |
775 | 783 | ||||||
4.125%, 01/21/26 |
200 | 203 | ||||||
3.750%, 01/11/28 |
200 | 193 | ||||||
Mongolia Government International Bond |
||||||||
10.875%, 04/06/21 (A) |
2,100 | 2,417 | ||||||
8.750%, 03/09/24 (A) |
200 | 224 | ||||||
5.625%, 05/01/23 (A) |
530 | 523 | ||||||
5.125%, 12/05/22 |
490 | 479 | ||||||
Nigeria Government International Bond |
||||||||
7.875%, 02/16/32 (A) |
720 | 784 | ||||||
7.696%, 02/23/38 (A) |
720 | 758 | ||||||
7.625%, 11/28/47 (A) |
570 | 590 | ||||||
7.143%, 02/23/30 (A) |
720 | 747 | ||||||
6.750%, 01/28/21 (A) |
220 | 231 | ||||||
6.500%, 11/28/27 (A) |
970 | 983 | ||||||
Nordic Investment Bank |
||||||||
1.500%, 09/29/20 |
200 | 195 | ||||||
Oman Government International Bond |
||||||||
6.750%, 01/17/48 (A) |
460 | 441 | ||||||
6.500%, 03/08/47 (A) |
860 | 813 | ||||||
5.625%, 01/17/28 (A) |
490 | 478 | ||||||
5.375%, 03/08/27 (A) |
1,235 | 1,204 | ||||||
4.750%, 06/15/26 (A) |
465 | 438 | ||||||
3.875%, 03/08/22 (A) |
300 | 292 | ||||||
3.625%, 06/15/21 (A) |
200 | 195 | ||||||
Oman Sovereign Sukuk SAOC |
||||||||
4.397%, 06/01/24 (A) |
620 | 590 |
100
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face Amount (000)(1) |
Value (000) | ||||||
Pakistan Government International Bond |
||||||||
8.250%, 09/30/25 (A) |
570 | $ | 593 | |||||
6.875%, 12/05/27 (A) |
640 | 604 | ||||||
Panama Government International Bond |
||||||||
9.375%, 04/01/29 |
455 | 663 | ||||||
6.700%, 01/26/36 |
1,385 | 1,749 | ||||||
5.200%, 01/30/20 |
100 | 104 | ||||||
4.500%, 05/15/47 |
200 | 203 | ||||||
Peru Government Bond |
||||||||
6.150%, 08/12/32 (PEN) (A) |
2,320 | 790 | ||||||
Perusahaan Penerbit SBSN Indonesia III |
||||||||
4.150%, 03/29/27 (A) |
690 | 683 | ||||||
Peruvian Government International Bond |
||||||||
8.750%, 11/21/33 |
1,213 | 1,816 | ||||||
7.350%, 07/21/25 |
100 | 124 | ||||||
6.950%, 08/12/31 (PEN) (A) |
1,000 | 365 | ||||||
6.550%, 03/14/37 |
715 | 915 | ||||||
5.625%, 11/18/50 |
1,220 | 1,467 | ||||||
Philippine Government International Bond |
||||||||
7.750%, 01/14/31 |
209 | 286 | ||||||
6.375%, 10/23/34 |
1,030 | 1,321 | ||||||
5.500%, 03/30/26 |
200 | 227 | ||||||
4.200%, 01/21/24 |
200 | 208 | ||||||
3.700%, 02/02/42 |
300 | 289 | ||||||
Poland Government International Bond |
||||||||
6.375%, 07/15/19 |
200 | 209 | ||||||
4.000%, 01/22/24 |
125 | 130 | ||||||
3.000%, 03/17/23 |
150 | 149 | ||||||
Province of Alberta Canada |
||||||||
3.300%, 03/15/28 |
200 | 201 | ||||||
2.200%, 07/26/22 |
100 | 97 | ||||||
1.900%, 12/06/19 |
200 | 198 | ||||||
Province of British Columbia Canada |
||||||||
2.000%, 10/23/22 |
100 | 96 | ||||||
Province of Manitoba Canada |
||||||||
2.125%, 06/22/26 |
500 | 461 | ||||||
2.050%, 11/30/20 |
150 | 148 | ||||||
Province of Ontario Canada |
||||||||
2.500%, 04/27/26 |
500 | 477 | ||||||
2.450%, 06/29/22 |
200 | 196 | ||||||
1.875%, 05/21/20 |
150 | 147 | ||||||
1.250%, 06/17/19 |
150 | 148 | ||||||
Province of Quebec Canada |
||||||||
2.875%, 10/16/24 |
100 | 99 | ||||||
2.625%, 02/13/23 |
200 | 197 | ||||||
2.500%, 04/20/26 |
600 | 573 | ||||||
Provincia de Buenos Aires |
||||||||
7.875%, 06/15/27 (A) |
345 | 358 | ||||||
6.500%, 02/15/23 (A) |
300 | 307 | ||||||
Provincia de Cordoba |
||||||||
7.125%, 06/10/21 (A) |
170 | 179 | ||||||
Republic of Belarus International Bond |
||||||||
6.875%, 02/28/23 (A) |
680 | 720 |
Description | Face Amount (000)(1) |
Value (000) | ||||||
Republic of Italy Government International Bond |
||||||||
5.375%, 06/15/33 |
300 | $ | 346 | |||||
Republic of South Africa Government Bond |
||||||||
8.750%, 02/28/48 (ZAR) |
5,500 | 459 | ||||||
6.500%, 02/28/41 (ZAR) |
20,065 | 1,309 | ||||||
Republic of South Africa Government International Bond |
||||||||
4.300%, 10/12/28 |
1,750 | 1,637 | ||||||
Russian Federal Bond - OFZ |
||||||||
8.150%, 02/03/27 (RUB) |
90,700 | 1,718 | ||||||
Russian Foreign Bond - Eurobond |
||||||||
5.625%, 04/04/42 (A) |
600 | 645 | ||||||
5.250%, 06/23/47 (A) |
1,400 | 1,398 | ||||||
4.875%, 09/16/23 (A) |
400 | 421 | ||||||
4.750%, 05/27/26 |
1,000 | 1,033 | ||||||
Senegal Government International Bond |
||||||||
8.750%, 05/13/21 (A) |
376 | 423 | ||||||
6.750%, 03/13/48 (A) |
1,160 | 1,136 | ||||||
Serbia Government International Bond |
||||||||
7.250%, 09/28/21 (A) |
510 | 567 | ||||||
Sri Lanka Government International Bond |
||||||||
6.825%, 07/18/26 (A) |
430 | 442 | ||||||
6.200%, 05/11/27 (A) |
1,020 | 1,003 | ||||||
5.875%, 07/25/22 (A) |
295 | 300 | ||||||
Turkey Government International Bond |
||||||||
8.000%, 02/14/34 |
506 | 585 | ||||||
7.375%, 02/05/25 |
610 | 676 | ||||||
6.875%, 03/17/36 |
710 | 738 | ||||||
6.000%, 03/25/27 |
1,200 | 1,215 | ||||||
5.750%, 05/11/47 |
715 | 635 | ||||||
5.625%, 03/30/21 |
1,080 | 1,118 | ||||||
4.250%, 04/14/26 |
740 | 674 | ||||||
Ukraine Government AID Bonds |
||||||||
1.471%, 09/29/21 |
200 | 193 | ||||||
Ukraine Government International Bond |
||||||||
7.750%, 09/01/21 (A) |
214 | 224 | ||||||
7.750%, 09/01/22 (A) |
1,749 | 1,822 | ||||||
7.750%, 09/01/23 (A) |
1,284 | 1,328 | ||||||
7.750%, 09/01/24 (A) |
394 | 406 | ||||||
7.750%, 09/01/25 (A) |
784 | 803 | ||||||
7.750%, 09/01/27 (A) |
215 | 220 | ||||||
7.375%, 09/25/32 (A) |
1,130 | 1,089 | ||||||
3.000%, 05/31/40 (A)(D) |
314 | 218 | ||||||
Uruguay Government International Bond |
||||||||
9.875%, 06/20/22 (UYU) (A) |
5,900 | 211 | ||||||
8.500%, 03/15/28 (UYU) (A) |
3,940 | 128 | ||||||
5.100%, 06/18/50 |
2,038 | 2,088 | ||||||
4.500%, 08/14/24 |
100 | 105 | ||||||
4.375%, 10/27/27 |
2,045 | 2,105 | ||||||
Venezuela Government International Bond |
||||||||
7.750%, 10/13/19 (C) |
515 | 153 | ||||||
7.650%, 04/21/25 (C) |
362 | 108 | ||||||
7.000%, 03/31/38 |
422 | 130 |
101
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face Amount (000) |
Value (000) | ||||||
Zambia Government International Bond |
||||||||
8.970%, 07/30/27 (A) |
$ | 485 | $ | 511 | ||||
8.500%, 04/14/24 (A) |
405 | 423 | ||||||
5.375%, 09/20/22 (A) |
680 | 646 | ||||||
|
|
|||||||
Total Sovereign Debt |
146,689 | |||||||
|
|
|||||||
Asset-Backed Securities — 5.5% |
||||||||
Automobile – 1.0% |
||||||||
CPS Auto Receivables Trust, Ser 2018-A, Cl A |
||||||||
2.160%, 05/17/21 (A) |
1,703 | 1,688 | ||||||
Credit Acceptance Auto Loan Trust, Ser 2018-1A, Cl A |
||||||||
3.010%, 02/16/27 (A) |
1,099 | 1,092 | ||||||
Drive Auto Receivables Trust, Ser 2018-1, Cl B |
||||||||
2.880%, 02/15/22 |
1,193 | 1,191 | ||||||
Exeter Automobile Receivables Trust, Ser 2018-1A, Cl A |
||||||||
2.210%, 05/17/21 (A) |
1,961 | 1,955 | ||||||
Ford Credit Auto Owner Trust, Ser 2018-1, Cl A |
||||||||
3.190%, 07/15/31 (A) |
572 | 567 | ||||||
GM Financial Consumer Automobile Receivables Trust, Ser 2018-1, Cl A3 |
||||||||
2.320%, 07/18/22 |
2,060 | 2,043 | ||||||
GM Financial Consumer Automobile Receivables Trust, Ser 2018-1, Cl A4 |
||||||||
2.460%, 07/17/23 |
1,437 | 1,418 | ||||||
Honda Auto Receivables Owner Trust, Ser 2018-1, Cl A3 |
||||||||
2.640%, 02/15/22 |
180 | 180 | ||||||
Santander Drive Auto Receivables Trust, Ser 2018-1, Cl D |
||||||||
3.320%, 03/15/24 |
85 | 84 | ||||||
Toyota Auto Receivables Owner Trust, Ser 2018-A, Cl A3 |
||||||||
2.350%, 05/16/22 |
2,170 | 2,153 | ||||||
Toyota Auto Receivables Owner Trust, Ser 2018-A, Cl A4 |
||||||||
2.520%, 05/15/23 |
2,622 | 2,600 | ||||||
Westlake Automobile Receivables Trust, Ser 2018-1A, Cl A1 |
||||||||
1.750%, 02/15/19 (A) |
1,237 | 1,236 | ||||||
|
|
|||||||
16,207 | ||||||||
|
|
|||||||
Automotive – 2.0% |
||||||||
AmeriCredit Automobile Receivables Trust, Ser 2017-1, Cl A2A |
||||||||
1.510%, 05/18/20 |
641 | 639 | ||||||
AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl A2A |
||||||||
1.830%, 05/18/21 |
3,907 | 3,888 | ||||||
AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl A3 |
||||||||
2.040%, 07/18/22 |
335 | 331 |
Description | Face Amount (000) |
Value (000) | ||||||
AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl B |
||||||||
2.360%, 12/19/22 |
$ | 1,319 | $ | 1,300 | ||||
BMW Vehicle Lease Trust, Ser 2017-1, Cl A3 |
||||||||
1.980%, 05/20/20 |
350 | 348 | ||||||
Capital Auto Receivables Asset Trust, Ser 2017-1, Cl A2 |
||||||||
1.760%, 06/22/20 (A) |
1,753 | 1,746 | ||||||
CarFinance Capital Auto Trust, Ser 2015-1A, Cl A |
||||||||
1.750%, 06/15/21 (A) |
157 | 156 | ||||||
CarMax Auto Owner Trust, Ser 2016-4, Cl A4 |
||||||||
1.600%, 06/15/22 |
250 | 242 | ||||||
CarMax Auto Owner Trust, Ser 2017-3, Cl A2A |
||||||||
1.640%, 09/15/20 |
2,174 | 2,164 | ||||||
CPS Auto Receivables Trust, Ser 2015-B, Cl A |
||||||||
1.650%, 11/15/19 (A) |
8 | 8 | ||||||
CPS Auto Receivables Trust, Ser 2016-B, Cl A |
||||||||
2.070%, 11/15/19 (A) |
121 | 121 | ||||||
CPS Auto Receivables Trust, Ser 2016-C, Cl A |
||||||||
1.620%, 01/15/20 (A) |
434 | 433 | ||||||
CPS Auto Receivables Trust, Ser 2017-C, Cl A |
||||||||
1.780%, 09/15/20 (A) |
708 | 705 | ||||||
CPS Auto Trust, Ser 2016-D, Cl A |
||||||||
1.500%, 06/15/20 (A) |
628 | 625 | ||||||
Drive Auto Receivables Trust, Ser 2017-1, Cl A2A |
||||||||
1.670%, 05/15/19 |
75 | 75 | ||||||
Drive Auto Receivables Trust, Ser 2017-2, Cl A2A |
||||||||
1.630%, 08/15/19 |
214 | 214 | ||||||
Drive Auto Receivables Trust, Ser 2017-2, Cl B |
||||||||
2.250%, 06/15/21 |
1,532 | 1,527 | ||||||
Drive Auto Receivables Trust, Ser 2017-3, Cl B |
||||||||
2.300%, 05/17/21 |
1,343 | 1,337 | ||||||
Drive Auto Receivables Trust, Ser 2017-BA, Cl B |
||||||||
2.200%, 05/15/20 (A) |
716 | 715 | ||||||
DT Auto Owner Trust, Ser 2017-2A, Cl A |
||||||||
1.720%, 05/15/20 (A) |
1,083 | 1,081 | ||||||
DT Auto Owner Trust, Ser 2017-3A, Cl A |
||||||||
1.730%, 08/17/20 (A) |
1,393 | 1,389 | ||||||
DT Auto Owner Trust, Ser 2017-4A, Cl A |
||||||||
1.850%, 08/17/20 (A) |
3,516 | 3,498 | ||||||
Exeter Automobile Receivables Trust, Ser 2016-1A, Cl A |
||||||||
2.350%, 07/15/20 (A) |
9 | 9 |
102
KP Fixed Income Fund Schedule of Investments March 31, 2018 (unaudited) |
Description | Face Amount (000) |
Value (000) | ||||||
Exeter Automobile Receivables Trust, Ser 2016-3A, Cl A |
||||||||
1.840%, 11/16/20 (A) |
$ | 548 | $ | 547 | ||||
First Investors Auto Owner Trust, Ser 2016-2A, Cl A1 |
||||||||
1.530%, 11/16/20 (A) |
317 | 316 | ||||||
Flagship Credit Auto Trust, Ser 2015-1, Cl A |
||||||||
1.630%, 06/15/20 (A) |
— | — | ||||||
Flagship Credit Auto Trust, Ser 2015-3, Cl A |
||||||||
2.380%, 10/15/20 (A) |
114 | 114 | ||||||
Flagship Credit Auto Trust, Ser 2016-2, Cl A1 |
||||||||
2.280%, 05/15/20 (A) |
36 | 36 | ||||||
Flagship Credit Auto Trust, Ser 2016-3, Cl A1 |
||||||||
1.610%, 12/15/19 (A) |
80 | 80 | ||||||
Flagship Credit Auto Trust, Ser 2016-4, Cl A1 |
||||||||
1.470%, 03/16/20 (A) |
877 | 876 | ||||||
Ford Credit Auto Owner Trust, Ser 2017-B, Cl A2A |
||||||||
1.490%, 05/15/20 |
2,098 | 2,088 | ||||||
Ford Credit Auto Owner Trust, Ser 2017-B, Cl A3 |
||||||||
1.690%, 11/15/21 |
145 | 142 | ||||||
Ford Credit Auto Owner Trust, Ser 2017-C, Cl A3 |
||||||||
2.010%, 03/15/22 |
1,197 | 1,182 | ||||||
GM Financial Consumer Automobile, Ser 2017-1A, Cl A3 |
||||||||
1.780%, 10/18/21 (A) |
2,314 | 2,282 | ||||||
Honda Auto Receivables Owner Trust, Ser 2017-4, Cl A3 |
||||||||
2.050%, 11/22/21 |
1,102 | 1,089 | ||||||
Santander Drive Auto Receivables Trust, Ser 2017-1, Cl A2 |
||||||||
1.490%, 02/18/20 |
185 | 185 | ||||||
Toyota Auto Receivables Owner Trust, Ser 2017-A, Cl A2A |
||||||||
1.420%, 09/16/19 |
1,409 | 1,405 | ||||||
Westlake Automobile Receivables Trust, Ser 2016-2A, Cl A2 |
||||||||
1.570%, 06/17/19 (A) |
260 | 260 | ||||||
Westlake Automobile Receivables Trust, Ser 2017-1A, Cl A2 |
||||||||
1.780%, 04/15/20 (A) |
1,373 | 1,370 | ||||||
|
|
|||||||
34,523 | ||||||||
|
|
|||||||
Credit Card – 1.6% |
|
|||||||
American Express Credit Account Master Trust, Ser 2017-1, Cl A |
||||||||
1.930%, 09/15/22 |
2,849 | 2,810 | ||||||
American Express Credit Account Master Trust, Ser 2017-6, Cl A |
||||||||
2.040%, 05/15/23 |
3,176 | 3,119 |
Description | Face Amount (000) |
Value (000) | ||||||
American Express Credit Account Master Trust, Ser 2018-2, Cl A |
||||||||
3.010%, 10/15/25 |
$ | 1,033 | $ | 1,034 | ||||
BA Credit Card Trust, Ser 2017-A1, Cl A1 |
||||||||
1.950%, 08/15/22 |
2,168 | 2,138 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2016-A3, Cl A3 |
||||||||
1.340%, 04/15/22 |
250 | 246 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2017-A1, Cl A1 |
||||||||
2.000%, 01/17/23 |
2,123 | 2,094 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2017-A4, Cl A4 |
||||||||
1.990%, 07/17/23 |
1,177 | 1,156 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2017-A5, Cl A5 |
||||||||
2.357%, VAR LIBOR USD 1 Month+0.580%, 07/15/27 |
1,924 | 1,943 | ||||||
Citibank Credit Card Issuance Trust, Ser 2014-A1, Cl A1 |
||||||||
2.880%, 01/23/23 |
200 | 200 | ||||||
Citibank Credit Card Issuance Trust, Ser 2017-A2, Cl A2 |
||||||||
1.740%, 01/19/21 |
5,296 | 5,266 | ||||||
Citibank Credit Card Issuance Trust, Ser 2017-A7, Cl A7 |
||||||||
2.081%, VAR LIBOR USD 1 Month+0.370%, 08/08/24 |
2,642 | 2,651 | ||||||
Citibank Credit Card Issuance Trust, Ser 2017-A8, Cl A8 |
||||||||
1.860%, 08/08/22 |
250 | 245 | ||||||
Citibank Credit Card Issuance Trust, Ser 2018-A2, Cl A2 |
||||||||
2.152%, VAR LIBOR USD 1 Month+0.330%, 01/21/25 |
2,078 | 2,078 | ||||||
Discover Card Execution Note Trust, Ser 2016-A4, Cl A4 |
||||||||
1.390%, 03/15/22 |
270 | 265 | ||||||
Discover Card Execution Note Trust, Ser 2017-A7, Cl A7 |
||||||||
2.137%, VAR LIBOR USD 1 Month+0.360%, 04/15/25 |
2,059 | 2,067 | ||||||
|
|
|||||||
27,312 | ||||||||
|
|
|||||||
Other Asset-Backed Securities – 0.9% |
| |||||||
AJAX Mortgage Loan Trust, Ser 2016-C, Cl A |
||||||||
4.000%, 10/25/57 (A) |
656 | 659 | ||||||
AJAX Mortgage Loan Trust, Ser 2017-A, Cl A |
||||||||
3.470%, 04/25/57 (A) |
282 | 280 | ||||||
Bayview Opportunity Master Fund IIIa Trust, Ser 2017-RN7, Cl A1 |
||||||||
3.105%, 09/28/32 (A) |
786 | 782 | ||||||
Bayview Opportunity Master Fund IIIa Trust, Ser 2017-RN8, Cl A1 |
||||||||
3.352%, 11/28/32 (A) |
1,465 | 1,463 |
103
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000) |
Value (000) | ||||||
Bayview Opportunity Master Fund IIIb Trust, Ser 2017-RN2, Cl A1 |
||||||||
3.475%, 04/28/32 (A)(D) |
$ | 410 | $ | 409 | ||||
Bayview Opportunity Master Fund IIIb Trust, Ser 2017-RN3, Cl A1 |
||||||||
3.228%, 05/28/32 (A) |
114 | 113 | ||||||
Bayview Opportunity Master Fund IVa Trust, Ser 2018-RN1, Cl A1 |
||||||||
3.278%, 01/28/33 (A) |
1,605 | 1,603 | ||||||
Bayview Opportunity Master Fund IVa Trust, Ser 2018-RN3, Cl A1 |
||||||||
3.672%, 03/28/33 (A) |
178 | 178 | ||||||
CAM Mortgage Trust, Ser 2016-2, Cl A1 |
||||||||
3.250%, 06/15/57 (A) |
25 | 25 | ||||||
Ford Credit Floorplan Master Owner Trust, Ser 2017-3, Cl A |
||||||||
2.480%, 09/15/24 |
150 | 147 | ||||||
GCAT, Ser 2017-2, Cl A1 |
||||||||
3.500%, 04/25/47 (A) |
730 | 725 | ||||||
GCAT, Ser 2017-3, Cl A1 |
||||||||
3.352%, 04/25/47 (A) |
319 | 317 | ||||||
GCAT, Ser 2017-5, Cl A1 |
||||||||
3.228%, 07/25/47 (A) |
234 | 232 | ||||||
NYMT Residential, Ser 2016-RP1A, Cl A |
||||||||
4.000%, 03/25/21 (A) |
77 | 77 | ||||||
Oak Hill Advisors Residential Loan Trust, Ser 2017-NPL1, Cl A1 |
||||||||
3.000%, 06/25/57 (A) |
733 | 728 | ||||||
Oak Hill Advisors Residential Loan Trust, Ser 2017-NPL2, Cl A1 |
||||||||
3.000%, 07/25/57 (A) |
1,091 | 1,085 | ||||||
PRPM, Ser 2017-2A, Cl A1 |
||||||||
3.470%, 09/25/22 (A) |
987 | 984 | ||||||
RCO Mortgage, Ser 2017-1, Cl A1 |
||||||||
3.375%, 08/25/22 (A) |
1,864 | 1,857 | ||||||
Verizon Owner Trust, Ser 2018-1A, Cl A1A |
||||||||
2.820%, 09/20/22 (A) |
2,112 | 2,112 | ||||||
VOLT LVI, Ser 2017-NPL3, Cl A1 |
||||||||
3.500%, 03/25/47 (A) |
614 | 614 | ||||||
VOLT LVII, Ser 2017-NPL4, Cl A1 |
||||||||
3.375%, 04/25/47 (A) |
233 | 232 | ||||||
VOLT LXI, Ser 2017-NPL8, Cl A1 |
||||||||
3.125%, 06/25/47 (A) |
798 | 794 | ||||||
VOLT XXXVIII, Ser 2015-NP12, Cl A1 |
||||||||
3.875%, 09/25/45 (A) |
58 | 59 | ||||||
|
|
|||||||
15,475 | ||||||||
|
|
|||||||
Total Asset-Backed Securities (Cost $94,042) (000) |
93,517 | |||||||
|
|
|||||||
U.S. Government Agency Obligations — 1.7% |
| |||||||
FFCB |
||||||||
1.680%, 10/13/20 |
100 | 98 | ||||||
1.550%, 05/08/20 |
200 | 197 |
Description | Face Amount (000) |
Value (000) | ||||||
FHLB |
||||||||
2.750%, 12/13/24 |
$ | 300 | $ | 299 | ||||
2.300%, 07/19/22 |
200 | 196 | ||||||
2.260%, 10/04/22 |
150 | 147 | ||||||
2.200%, 01/29/21 |
155 | 154 | ||||||
2.160%, 08/17/22 |
100 | 98 | ||||||
2.150%, 02/14/20 - 09/26/22 |
500 | 493 | ||||||
1.875%, 11/29/21 |
150 | 147 | ||||||
1.712%, 04/11/18(B) |
5,306 | 5,304 | ||||||
1.375%, 11/15/19 |
125 | 123 | ||||||
1.125%, 06/21/19 |
300 | 296 | ||||||
1.000%, 09/26/19 |
250 | 246 | ||||||
0.875%, 08/05/19 |
100 | 98 | ||||||
FHLMC |
||||||||
6.250%, 07/15/32 |
1,176 | 1,602 | ||||||
3.000%, 07/01/46 |
462 | 452 | ||||||
2.375%, 01/13/22 |
2,311 | 2,295 | ||||||
1.330%, 12/30/20 |
400 | 385 | ||||||
1.250%, 08/01/19 |
500 | 493 | ||||||
1.125%, 04/15/19 |
300 | 297 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates |
||||||||
3.590%, 01/25/25 |
2,004 | 2,061 | ||||||
FNMA |
||||||||
6.625%, 11/15/30 |
300 | 411 | ||||||
5.500%, 02/01/38 |
81 | 89 | ||||||
4.500%, 04/01/48 |
475 | 499 | ||||||
4.000%, 07/01/44 |
1,792 | 1,849 | ||||||
3.000%, 09/01/46 |
5,865 | 5,748 | ||||||
2.625%, 09/06/24 |
1,252 | 1,241 | ||||||
2.125%, 04/24/26 |
200 | 189 | ||||||
2.000%, 01/05/22 |
500 | 490 | ||||||
1.875%, 12/28/20 |
131 | 129 | ||||||
1.750%, 06/20/19 |
300 | 298 | ||||||
1.650%, 01/27/20 |
300 | 296 | ||||||
1.500%, 06/22/20 - 07/30/20 |
927 | 908 | ||||||
1.000%, 08/28/19 |
250 | 246 | ||||||
GS Mortgage Securities Trust |
||||||||
3.442%, 11/10/49(D) |
365 | 363 | ||||||
Tennessee Valley Authority |
||||||||
5.250%, 09/15/39 |
200 | 263 | ||||||
2.875%, 02/01/27 |
250 | 248 | ||||||
|
|
|||||||
Total U.S. Government Agency Obligations |
28,748 | |||||||
|
|
|||||||
Commercial Paper — 0.5% |
| |||||||
JPMorgan Securities |
||||||||
2.212%, 06/12/18 |
4,224 | 4,204 | ||||||
USAA Capital |
||||||||
1.630%, 04/04/18 |
4,197 | 4,196 | ||||||
|
|
|||||||
Total Commercial Paper |
8,400 | |||||||
|
|
|||||||
Municipal Bonds — 0.5% |
| |||||||
Bay Area Toll Authority RB |
||||||||
6.263%, 04/01/49 |
200 | 281 |
104
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
Description | Face Amount (000)/Shares |
Value (000) | ||||||
California State GO |
||||||||
7.300%, 10/01/39 |
$ | 935 | $ | 1,364 | ||||
California State, Department of Water Resources, Power Supply Revenue RB |
||||||||
2.000%, 05/01/22 |
100 | 97 | ||||||
City of Houston GO |
||||||||
3.961%, 03/01/47 |
150 | 153 | ||||||
Commonwealth Financing Authority RB |
||||||||
3.864%, 06/01/38 |
150 | 151 | ||||||
Florida State, Hurricane Catastrophe Fund RB |
||||||||
2.995%, 07/01/20 |
150 | 151 | ||||||
New Jersey Economic Development Authority RB |
||||||||
7.425%, 02/15/29 |
315 | 390 | ||||||
New Jersey State, Transportation Trust Fund RB |
||||||||
5.754%, 12/15/28 |
1,135 | 1,271 | ||||||
New Jersey State, Transportation Trust Fund Authority RB |
||||||||
6.561%, 12/15/40 |
690 | 877 | ||||||
Permanent University Fund - Texas A&M University System RB |
||||||||
3.660%, 07/01/47 |
100 | 97 | ||||||
Sales Tax Securitization RB |
||||||||
3.820%, 01/01/48 |
100 | 98 | ||||||
South Carolina State, Public Service Authority RB |
||||||||
2.388%, 12/01/23 |
100 | 94 | ||||||
State of California GO |
||||||||
7.500%, 04/01/34 |
1,020 | 1,471 | ||||||
State of Illinois GO |
||||||||
5.877%, 03/01/19 |
495 | 506 | ||||||
State of Wisconsin RB |
||||||||
3.154%, 05/01/27 |
200 | 197 | ||||||
University of California RB |
||||||||
4.858%, 05/15/12 |
200 | 217 | ||||||
University of Texas System RB |
||||||||
3.354%, 08/15/47 |
250 | 238 | ||||||
|
|
|||||||
Total Municipal Bonds |
7,653 | |||||||
|
|
|||||||
Short-Term Investments (G) — 8.5% |
||||||||
Dreyfus Treasury Prime Cash Management Fund, Cl A, 1.450% |
240,883 | 241 |
Description | Shares | Value (000) | ||||||
State Street Institutional Treasury Money Market Fund, Cl Institutional, |
||||||||
1.510% |
143,282,439 | $ | 143,282 | |||||
|
|
|||||||
Total Short-Term Investments |
143,523 | |||||||
|
|
|||||||
Total Investments In Securities — 110.6% |
$ | 1,880,618 | ||||||
|
|
Percentages are based on net assets of $1,700,944 (000).
A list of the open forward foreign currency contracts held by the Fund at March 31, 2018 is as follows (000):
Counterparty | Maturity Date |
Currency to Deliver |
Currency to Receive |
Unrealized Appreciation (Depreciation) |
||||||||||||
HSBC | 04/16/18 | USD | 768 | ILS | 2,705 | $ | 4 | |||||||||
HSBC | 04/16/18 | ILS | 5,670 | USD | 1,664 | 46 | ||||||||||
HSBC | 04/20/18 | USD | 236 | PEN | 759 | (1 | ) | |||||||||
BNP Paribas | 04/24/18 | USD | 1,268 | ARS | 25,590 | (13 | ) | |||||||||
BNP Paribas | 04/24/18 | ARS | 8,460 | USD | 433 | 18 | ||||||||||
Barclays PLC | 05/10/18 | USD | 898 | MYR | 3,794 | 84 | ||||||||||
HSBC | 05/31/18 | USD | 1,197 | IDR | 16,434,000 | (5 | ) | |||||||||
Barclays PLC | 06/13/18 | USD | 802 | KZT | 276,000 | 53 | ||||||||||
Barclays PLC | 06/14/18 | INR | 23,870 | USD | 362 | (1 | ) | |||||||||
HSBC | 06/20/18 | USD | 842 | COP | 2,403,000 | 16 | ||||||||||
Barclays PLC | 06/22/18 | USD | 841 | HUF | 212,200 | (1 | ) | |||||||||
|
|
|||||||||||||||
$ | 200 | |||||||||||||||
|
|
(1) | In U.S. dollars unless otherwise indicated. |
(A) | Security sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” The total value of these securities at March 31, 2018 was $181,060 (000) and represents 11.4% of Net Assets. |
(B) | Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. |
(C) | Security in default on interest payments. |
(D) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
(E) | Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on March 31, 2018. The coupon on a step bond changes on a specified date. |
(F) | Unsettled bank loan. Interest rate not available. |
(G) | The rate reported is the 7-day effective yield as of March 31, 2018. |
(H) | Credit-linked note. |
AID — Agency for International Development
ARS — Argentine Peso
BRL — Brazilian Real
Cl — Class
COP — Colombian Peso
EGP — Egyptian Pound
FFCB — Federal Farm Credit Bank
FHLB — Federal Home Loan Bank
FHLMC — Federal Home Loan Mortgage Corporation
FNMA — Federal National Mortgage Association
GEL — Georgian Lari
105
KP Fixed Income Fund
Schedule of Investments
March 31, 2018 (unaudited)
GHS — Ghana Cedi | ||||||||
GNMA — Government National Mortgage Association | ||||||||
GO — General Obligation | ||||||||
HUF — Hungarian Forint | ||||||||
ICE — Intercontinental Exchange | ||||||||
IDR — Indonesian Rupiah | ||||||||
ILS — Israeli Shekel | ||||||||
INR — Indian Rupee | ||||||||
JSC — Joint Stock Company | ||||||||
KZT — Kazakhstan Tenge | ||||||||
LIBOR — London Interbank Offered Rate | ||||||||
LKR — Sri Lanka Rupee | ||||||||
LLC — Limited Liability Company | ||||||||
L.P. — Limited Partnership | ||||||||
Ltd. — Limited | ||||||||
MXN — Mexican Peso | ||||||||
MYR — Malaysian Ringgit | ||||||||
NGN — Nigerian Naira | ||||||||
PEN — Peruvian Sol | ||||||||
PIK — Payment-in-Kind | ||||||||
PLC — Public Limited Company | ||||||||
RB — Revenue Bond | ||||||||
RUB — Russian Ruble | ||||||||
Ser — Series | ||||||||
TBA — To Be Announced | ||||||||
TLB — Term Loan B | ||||||||
USD — U.S. Dollar | ||||||||
UYU — Uruguayan Peso | ||||||||
VAR — Variable | ||||||||
ZAR — South African Rand
|
The following is a list of the level of inputs used as of March 31, 2018, in valuing the Fund’s investments and other financial instruments carried at value (000): |
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
U.S. Treasury Obligations |
$ | - | $ | 468,375 | $ | - | $ | 468,375 | ||||||||
Corporate Obligations |
- | 406,532 | - | 406,532 | ||||||||||||
Mortgage- Backed Securities |
- | 404,837 | - | 404,837 | ||||||||||||
Loan Participations |
- | 172,344 | - | 172,344 | ||||||||||||
Sovereign Debt |
- | 146,689 | - | 146,689 | ||||||||||||
Asset-Backed Securities |
- | 93,517 | - | 93,517 | ||||||||||||
U.S. Government Agency Obligations |
- | 28,748 | - | 28,748 | ||||||||||||
Commercial Paper |
- | 8,400 | - | 8,400 | ||||||||||||
Municipal Bonds |
- | 7,653 | - | 7,653 | ||||||||||||
Short-Term Investments |
143,523 | - | - | 143,523 | ||||||||||||
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Total Investments in Securities |
$ | 143,523 | $ | 1,737,095 | $ | - | $ | 1,880,618 | ||||||||
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Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Forward Contracts** |
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Unrealized Appreciation |
$ | - | $ | 221 | $ | - | $ | 221 | ||||||||
Unrealized Depreciation |
$ | - | $ | (21 | ) | $ | - | $ | (21 | ) | ||||||
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Total Other Financial Instruments |
$ | - | $ | 200 | $ | - | $ | 200 | ||||||||
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^ | A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets. |
** | Forward foreign currency contracts are valued at the unrealized appreciation/(depreciation) on the instrument. |
As of March 31, 2018, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended March 31, 2018, there have been no changes to the Fund’s fair value methodologies.
For more information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
Amounts designated as “—“ are $ 0 or have been rounded to $0.
106
Item 2. Controls and Procedures
(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.
(b) There were no significant changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
(a) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith.
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.
(Registrant) | The KP Funds | |
By (Signature and Title) | /s/ Michael Beattie | |
Michael Beattie | ||
President | ||
Date: May 30, 2018 |
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.
By (Signature and Title) | /s/ Michael Beattie | |
Michael Beattie | ||
President | ||
Date: May 30, 2018 | ||
By (Signature and Title) | /s/ Stephen Connors | |
Stephen Connors | ||
Treasurer, Controller & CFO | ||
Date: May 30, 2018 |
This ‘N-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/31/18 | ||||
Filed on / Effective on: | 5/30/18 | |||
For Period End: | 3/31/18 | |||
12/31/17 | 24F-2NT, N-CSR, NSAR-B | |||
List all Filings |