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As Of Filer Filing For·On·As Docs:Size Issuer Agent 11/29/18 KP Funds N-Q 9/30/18 2:6.1M 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 3.52M 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: September 30, 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 CFR §§ 210-12.12-12.14], are attached hereto.
KP Retirement Path 2015 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
|
Affiliated Registered Investment Companies — 72.7% |
| |||||||
| KP Fixed Income Fund |
17,211,115 | $ | 170,563 | |||||
| KP International Equity Fund |
2,908,601 | 31,616 | ||||||
| KP Large Cap Equity Fund |
5,778,525 | 82,806 | ||||||
| KP Small Cap Equity Fund |
1,075,752 |
|
14,716
|
| ||||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies |
|
|
299,701
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 27.3% |
| |||||||
| DFA Commodity Strategy Portfolio |
653,327 | 3,809 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
777,000 | 3,947 | ||||||
| DFA Real Estate Securities Portfolio |
239,053 | 8,345 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
266,236 | 4,089 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
408,477 | 4,081 | ||||||
| T. Rowe Price New Era Fund, Cl I |
107,932 | 4,082 | ||||||
| Vanguard Inflation-Protected Securities Fund |
1,244,008 | 12,627 | ||||||
| Vanguard Short-Term Bond Index Fund |
3,925,228 | 40,116 | ||||||
| Vanguard Short-Term Inflation- Protected Securities Index Fund |
1,305,552 |
|
31,686
|
| ||||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies (Cost $113,099) (000) |
|
|
112,782
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0% (Cost $390,274) (000) |
|
$
|
412,483
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $412,543 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 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.
KP Retirement Path 2015 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 179,057 | $ 25,792 | $ (31,752) | $ | (2,430 | ) | $ | (104 | ) | $ | 170,563 | $ | - | $ | - | |||||||||||||||||
| KP International Equity Fund |
36,623 | 2,401 | (6,564) | (1,754 | ) | 910 | 31,616 | - | - | |||||||||||||||||||||||
| KP Large Cap Equity Fund |
89,342 | 3,762 | (18,823) | 3,235 | 5,290 | 82,806 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
16,167 | 676 | (4,037) | 968 | 942 | 14,716 | - | - | ||||||||||||||||||||||||
| Totals |
$ 321,189 | $ 32,631 | $ (61,176) | $ | 19 | $ | 7,038 | $ | 299,701 | $ | - | $ | - | |||||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2020 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Affiliated Registered Investment Companies — 76.1% |
| |||||||
| KP Fixed Income Fund |
32,795,643 | $ | 325,006 | |||||
| KP International Equity Fund |
8,686,607 | 94,423 | ||||||
| KP Large Cap Equity Fund |
15,110,845 | 216,538 | ||||||
| KP Small Cap Equity Fund |
3,334,161 | 45,611 | ||||||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies |
|
681,578 | ||||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 23.9% |
| |||||||
| DFA Commodity Strategy Portfolio |
1,434,410 | 8,363 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
1,704,723 | 8,660 | ||||||
| DFA Real Estate Securities Portfolio |
523,747 | 18,283 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
583,686 | 8,965 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
895,850 | 8,950 | ||||||
| T. Rowe Price New Era Fund, Cl I |
236,560 | 8,947 | ||||||
| Vanguard Inflation-Protected Securities Fund |
2,637,088 | 26,766 | ||||||
| Vanguard Short-Term Bond Index Fund |
7,007,719 | 71,619 | ||||||
| Vanguard Short-Term Inflation- Protected Securities Index Fund |
2,214,280 | 53,741 | ||||||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies |
|
214,294 | ||||||
|
|
|
|||||||
| Total Investments In Securities — 100.0% |
|
$ | 895,872 | |||||
|
|
|
|||||||
Percentages are based on Net Assets of $895,981 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 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.
KP Retirement Path 2020 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change
in |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ | 309,890 | $ | 53,692 | $ | (34,216) | $ | (4,237 | ) | $ | (123 | ) | $ | 325,006 | $ | - | $ | - | ||||||||||||||
| KP International Equity Fund |
101,298 | 8,937 | (13,281) | (4,645 | ) | 2,114 | 94,423 | - | - | |||||||||||||||||||||||
| KP Large Cap Equity Fund |
215,339 | 15,124 | (35,465) | 11,272 | 10,268 | 216,538 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
46,447 | 3,221 | (9,807) | 3,400 | 2,350 | 45,611 | - | - | ||||||||||||||||||||||||
| Totals |
$ | 672,974 | $ | 80,974 | $ | (92,769) | $ | 5,790 | $ | 14,609 | $ | 681,578 | $ | - | $ | - | ||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2025 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Affiliated Registered Investment Companies — 80.7% |
| |||||||
| KP Fixed Income Fund |
34,653,930 | $ | 343,421 | |||||
| KP International Equity Fund |
15,155,391 | 164,739 | ||||||
| KP Large Cap Equity Fund |
23,428,986 | 335,738 | ||||||
| KP Small Cap Equity Fund |
5,966,990 | 81,628 | ||||||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies |
|
925,526 | ||||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 19.3% |
| |||||||
| DFA Commodity Strategy Portfolio |
1,846,726 | 10,766 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
2,193,827 | 11,145 | ||||||
| DFA Real Estate Securities Portfolio |
673,487 | 23,511 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
750,745 | 11,531 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
1,152,817 | 11,517 | ||||||
| T. Rowe Price New Era Fund, Cl I |
304,235 | 11,506 | ||||||
| Vanguard Inflation-Protected Securities Fund |
3,321,764 | 33,716 | ||||||
| Vanguard Short-Term Bond Index Fund |
6,069,086 | 62,026 | ||||||
| Vanguard Short-Term Inflation- Protected Securities Index Fund |
1,859,606 | 45,133 | ||||||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies |
|
220,851 | ||||||
|
|
|
|||||||
| Total Investments In Securities — 100.0% |
|
$ | 1,146,377 | |||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,146,469 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 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.
KP Retirement Path 2025 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 307,654 | $ 61,208 | $ | (21,119) | $ | (4,237) | $ (85) | $ | 343,421 | $ | - | $ | - | |||||||||||||||||||
| KP International Equity Fund |
164,867 | 19,529 | (15,143) | (6,922) | 2,408 | 164,739 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
313,441 | 29,178 | (39,319) | 21,011 | 11,427 | 335,738 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
77,485 | 7,169 | (13,031) | 6,833 | 3,172 | 81,628 | - | - | ||||||||||||||||||||||||
| Totals |
$ 863,447 | $ 117,084 | $ | (88,612) | $ | 16,685 | $ 16,922 | $ | 925,526 | $ | - | $ | - | |||||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2030 Fund
Schedule of Investments
September 30, 2018 (unaudited)
| SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value
|
||||||
|
Affiliated Registered Investment Companies — 85.7% |
| |||||||
| KP Fixed Income Fund |
27,637,533 | $ | 273,888 | |||||
| KP International Equity Fund |
19,229,341 | 209,023 | ||||||
| KP Large Cap Equity Fund |
26,069,783 | 373,581 | ||||||
| KP Small Cap Equity Fund
|
|
7,485,102
|
|
|
102,396
|
| ||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies
|
|
|
958,888
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 14.3% |
| |||||||
| DFA Commodity Strategy Portfolio |
1,719,265 | 10,023 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
2,041,151 | 10,369 | ||||||
| DFA Real Estate Securities Portfolio |
626,298 | 21,864 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
698,248 | 10,725 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
1,072,408 | 10,713 | ||||||
| T. Rowe Price New Era Fund, Cl I |
283,043 | 10,705 | ||||||
| Vanguard Inflation-Protected Securities Fund |
3,054,105 | 31,000 | ||||||
| Vanguard Short-Term Bond Index Fund |
3,203,953 | 32,744 | ||||||
| Vanguard Short-Term Inflation- Protected Securities Index Fund
|
|
899,891
|
|
|
21,840
|
| ||
|
|
|
|||||||
|
Total Unaffiliated
Registered Investment Companies
|
|
|
159,983
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0%
|
|
$
|
1,118,871
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,118,917 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 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.
KP Retirement Path 2030 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 238,907 | $ 53,567 | $ | (15,228) | $ | (3,291) | $ | (67 | ) | $ | 273,888 | $ | - | $ | - | |||||||||||||||||
| KP International Equity Fund |
203,754 | 28,211 | (17,146) | (8,460) | 2,664 | 209,023 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
337,314 | 38,134 | (37,316) | 24,647 | 10,802 | 373,581 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
94,220 | 10,564 | (14,766) | 8,765 | 3,613 | 102,396 | - | - | ||||||||||||||||||||||||
| Totals |
$ 874,195 | $ 130,476 | $ | (84,456) | $ | 21,661 | $ | 17,012 | $ | 958,888 | $ | - | $ | - | ||||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2035 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
| ||||
| Description
|
Shares
|
Value
|
||||||
|
Affiliated Registered Investment Companies — 90.1% |
| |||||||
| KP Fixed Income Fund |
25,523,707 | $ | 252,940 | |||||
| KP International Equity Fund |
26,832,419 | 291,668 | ||||||
| KP Large Cap Equity Fund |
31,821,085 | 455,997 | ||||||
| KP Small Cap Equity Fund
|
|
10,368,443
|
|
|
141,840
|
| ||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies
|
|
|
1,142,445
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 9.9% |
| |||||||
| DFA Commodity Strategy Portfolio |
1,745,995 | 10,179 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
2,072,313 | 10,527 | ||||||
| DFA Real Estate Securities Portfolio |
635,873 | 22,199 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
708,825 | 10,888 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
1,088,800 | 10,877 | ||||||
| T. Rowe Price New Era Fund, Cl I |
287,337 | 10,867 | ||||||
| Vanguard Inflation-Protected Securities Fund |
3,088,389 | 31,347 | ||||||
| Vanguard Short-Term Bond Index Fund |
1,206,975 | 12,335 | ||||||
| Vanguard Short-Term Inflation- Protected Securities Index Fund
|
|
254,258
|
|
|
6,171
|
| ||
|
|
|
|||||||
|
Total Unaffiliated
Registered Investment Companies
|
|
|
125,390
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0%
|
|
$
|
1,267,835
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,267,846 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 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.
KP Retirement Path 2035 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ | 216,991 | $ 52,006 | $ | (13,011) | $ | (2,994) | $ | (52 | ) | $ | 252,940 | $ | - | $ | - | ||||||||||||||||
| KP International Equity Fund |
277,208 | 43,289 | (20,649) | (11,314) | 3,134 | 291,668 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
403,680 | 50,518 | (41,057) | 30,982 | 11,874 | 455,997 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
127,924 | 15,884 | (18,985) | 12,351 | 4,666 | 141,840 | - | - | ||||||||||||||||||||||||
| Totals |
$ | 1,025,803 | $ 161,697 | $ | (93,702) | $ | 29,025 | $ | 19,622 | $ | 1,142,445 | $ | - | $ | - | |||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2040 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
| ||||
| Description
|
Shares
|
Value
|
||||||
| Affiliated Registered Investment Companies — 93.1% |
| |||||||
| KP Fixed Income Fund |
19,632,285 | $ | 194,556 | |||||
| KP International Equity Fund |
28,716,404 | 312,147 | ||||||
| KP Large Cap Equity Fund |
30,988,882 | 444,071 | ||||||
| KP Small Cap Equity Fund
|
|
11,003,276
|
|
|
150,525
|
| ||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies
|
|
|
1,101,299
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 6.9% |
| |||||||
| DFA Commodity Strategy Portfolio |
1,345,626 | 7,845 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
1,596,520 | 8,110 | ||||||
| DFA Real Estate Securities Portfolio |
489,679 | 17,095 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
545,980 | 8,386 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
838,792 | 8,380 | ||||||
| T. Rowe Price New Era Fund, |
221,372 | 8,372 | ||||||
| Vanguard Inflation-Protected Securities Fund
|
|
2,366,208
|
|
|
24,017
|
| ||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies
|
|
|
82,205
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0%
|
|
$
|
1,183,504
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,183,492 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 2018, there were no Level 3 investments.
For the period ended September 30, 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.
KP Retirement Path 2040 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 164,735 | $ 40,706 | $ (8,574) | $ (2,275) | $ (36) | $ 194,556 | $ - | $ - | ||||||||||||||||||||||||
| KP International Equity Fund |
290,421 | 48,661 | (18,087) | (11,520) | 2,672 | 312,147 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
385,954 | 51,505 | (34,792) | 31,339 | 10,065 | 444,071 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
132,342 | 17,643 | (17,360) | 13,584 | 4,316 | 150,525 | - | - | ||||||||||||||||||||||||
| Totals |
$ 973,452 | $ 158,515 | $ (78,813) | $ 31,128 | $ 17,017 | $1,101,299 | $ - | $ - | ||||||||||||||||||||||||
Amounts designated as “-“ are $0 or have been rounded to $0.
KP Retirement Path 2045 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
||||
| Description
|
Shares
|
Value (000)
|
||||||
|
Affiliated Registered Investment Companies — 94.5% |
| |||||||
| KP Fixed Income Fund |
12,632,960 | $ | 125,193 | |||||
| KP International Equity Fund |
23,378,108 | 254,120 | ||||||
| KP Large Cap Equity Fund |
24,141,045 | 345,941 | ||||||
| KP Small Cap Equity Fund
|
|
9,010,285
|
|
|
123,261
|
| ||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies
|
|
|
848,515
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 5.5% |
| |||||||
| DFA Commodity Strategy Portfolio |
806,432 | 4,701 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
956,269 | 4,858 | ||||||
| DFA Real Estate Securities Portfolio |
293,124 | 10,233 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
326,855 | 5,020 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
502,334 | 5,018 | ||||||
| T. Rowe Price New Era Fund, Cl I |
132,536 | 5,013 | ||||||
| Vanguard Inflation-Protected Securities Fund
|
|
1,392,382
|
|
|
14,133
|
| ||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies
|
|
|
48,976
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0%
|
|
$
|
897,491
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $897,477 (000).
Cl — Class
As of September 30, 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 September 30, 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 September 30, 2018, there were no Level 3 investments.
For the period ended September 30, 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.
KP Retirement Path 2045 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 103,026 | $ 29,530 | $ (5,926) | $ (1,412) | $ (25) | $ 125,193 | $ - | $ - | ||||||||||||||||||||||||
| KP International Equity Fund |
227,002 | 47,700 | (13,426) | (9,072) | 1,916 | 254,120 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
291,029 | 49,551 | (26,401) | 24,128 | 7,634 | 345,941 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
104,856 | 17,840 | (13,866) | 10,974 | 3,457 | 123,261 | - | - | ||||||||||||||||||||||||
| $ 725,913 | $ 144,621 | $ (59,619) | $ 24,618 | $12,982 | $ 848,515 | $ - | $ - | |||||||||||||||||||||||||
KP Retirement Path 2050 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value
|
||||||
|
Affiliated Registered Investment Companies — 95.0% |
| |||||||
| KP Fixed Income Fund |
6,296,390 | $ | 62,397 | |||||
| KP International Equity Fund |
14,059,544 | 152,827 | ||||||
| KP Large Cap Equity Fund |
14,407,669 | 206,463 | ||||||
| KP Small Cap Equity Fund
|
|
5,432,344
|
|
|
74,314
|
| ||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies
|
|
|
496,001
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 5.0% |
| |||||||
| DFA Commodity Strategy Portfolio |
428,834 | 2,500 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
508,476 | 2,583 | ||||||
| DFA Real Estate Securities Portfolio |
156,033 | 5,447 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
173,749 | 2,669 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
267,150 | 2,669 | ||||||
| T. Rowe Price New Era Fund, |
70,400 | 2,663 | ||||||
| Vanguard Inflation-Protected Securities Fund
|
|
722,991
|
|
|
7,338
|
| ||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies
|
|
|
25,869
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0%
|
|
$
|
521,870
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $521,860 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 2018, there were no Level 3 investments.
For the period ended September 30, 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.
KP Retirement Path 2050 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ 47,536 | $ 18,559 | $ (3,046) | $ (591) | $ (61) | $ 62,397 | $ - | $ - | ||||||||||||||||||||||||
| KP International Equity Fund |
126,616 | 38,805 | (8,287) | (5,108) | 801 | 152,827 | - | - | ||||||||||||||||||||||||
| KP Large Cap Equity Fund |
161,162 | 42,472 | (15,605) | 13,914 | 4,520 | 206,463 | - | - | ||||||||||||||||||||||||
| KP Small Cap Equity Fund |
58,229 | 15,443 | (7,795) | 6,559 | 1,878 | 74,314 | - | - | ||||||||||||||||||||||||
| $ 393,543 | $115,279 | $ (34,733) | $ 14,774 | $ 7,138 | $ 496,001 | $ - | $ - | |||||||||||||||||||||||||
KP Retirement Path 2055 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Affiliated Registered Investment Companies — 95.0% |
| |||||||
| KP Fixed Income Fund |
1,801,326 | $ | 17,851 | |||||
| KP International Equity Fund |
4,470,557 | 48,595 | ||||||
| KP Large Cap Equity Fund |
4,555,870 | 65,286 | ||||||
| KP Small Cap Equity Fund |
1,695,511 | 23,195 | ||||||
|
|
|
|||||||
| Total Affiliated Registered Investment Companies |
|
154,927 | ||||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 5.0% |
| |||||||
| DFA Commodity Strategy Portfolio |
136,773 | 797 | ||||||
| DFA Investment Dimensions Group Inc - DFA International Real Estate Securities |
161,795 | 822 | ||||||
| DFA Real Estate Securities Portfolio |
49,600 | 1,732 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
55,201 | 848 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
84,981 | 849 | ||||||
| T. Rowe Price New Era Fund, Cl I |
22,373 | 846 | ||||||
| Vanguard Inflation-Protected Securities Fund |
214,725 | 2,179 | ||||||
|
|
|
|||||||
| Total Unaffiliated Registered Investment Companies |
|
8,073 | ||||||
|
|
|
|||||||
| Total Investments In Securities — 100.0% |
|
$ | 163,000 | |||||
|
|
|
|||||||
Percentages are based on Net Assets of $162,996 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 2018, there were no Level 3 investments.
For the period ended September 30, 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.
KP Retirement Path 2055 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ | 11,964 | $ | 7,060 | $ | (1,012 | ) | $ | (139) | $ | (22 | ) | $ | 17,851 | $ | - | $ | - | ||||||||||||||
| KP International Equity Fund |
34,624 | 18,172 | (2,859 | ) | (1,856) | 514 | 48,595 | - | - | |||||||||||||||||||||||
| KP Large Cap Equity Fund |
43,926 | 20,874 | (4,986 | ) | 4,529 | 943 | 65,286 | - | - | |||||||||||||||||||||||
| KP Small Cap Equity Fund |
15,711 | 7,494 | (2,489 | ) | 1,830 | 649 | 23,195 | - | - | |||||||||||||||||||||||
| $ | 106,225 | $ | 53,600 | $ | (11,346 | ) | $ | 4,364 | $ | 2,084 | $ | 154,927 | $ | - | $ | - | ||||||||||||||||
KP Retirement Path 2060 Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Affiliated Registered Investment Companies — 95.0% |
| |||||||
| KP Fixed Income Fund |
365,766 | $ | 3,625 | |||||
| KP International Equity Fund |
906,078 | 9,849 | ||||||
| KP Large Cap Equity Fund |
924,920 | 13,255 | ||||||
| KP Small Cap Equity Fund |
344,312 |
|
4,710
|
| ||||
|
|
|
|||||||
|
Total Affiliated
Registered Investment Companies |
|
|
31,439
|
| ||||
|
|
|
|||||||
| Unaffiliated Registered Investment Companies — 5.0% |
| |||||||
| DFA Commodity Strategy Portfolio |
27,345 | 159 | ||||||
| DFA Investment Dimensions Group |
32,423 | 165 | ||||||
| DFA Real Estate Securities Portfolio |
9,955 | 347 | ||||||
| Lazard Global Listed Infrastructure Portfolio |
11,077 | 170 | ||||||
| T. Rowe Price Institutional Floating Rate Fund |
17,036 | 170 | ||||||
| T. Rowe Price New Era Fund, Cl I |
4,485 | 170 | ||||||
| Vanguard Inflation-Protected Securities Fund |
45,109 |
|
458
|
| ||||
|
|
|
|||||||
|
Total Unaffiliated
Registered Investment Companies |
|
|
1,639
|
| ||||
|
|
|
|||||||
| Total Investments In Securities — 100.0% |
|
$
|
33,078
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $33,077 (000).
Cl – Class
As of September 30, 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 September 30, 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 September 30, 2018, there were no Level 3 investments.
For the period ended September 30, 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.
KP Retirement Path 2060 Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a summary of the transactions with affiliates for the period ended September 30, 2018 (000):
| Value 12/31/2017 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value 9/30/2018 |
Dividend Income |
Capital Gain Distributions |
|||||||||||||||||||||||||
| KP Fixed Income Fund |
$ | 2,462 | $ | 1,964 | $ | (765 | ) | $ | (23) | $ | (13 | ) | $ | 3,625 | $ | - | $ | - | ||||||||||||||
| KP International Equity Fund |
7,123 | 5,108 | (2,072 | ) | (707) | 397 | 9,849 | - | - | |||||||||||||||||||||||
| KP Large Cap Equity Fund |
9,032 | 5,963 | (2,854 | ) | 555 | 559 | 13,255 | - | - | |||||||||||||||||||||||
| KP Small Cap Equity Fund |
3,231 | 2,140 | (1,172 | ) | 302 | 209 | 4,710 | - | - | |||||||||||||||||||||||
| $ | 21,848 | $ | 15,175 | $ | (6,863 | ) | $ | 127 | $ | 1,152 | $ | 31,439 | $ | - | $ | - | ||||||||||||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Common Stock — 98.4% |
||||||||
| Communication Services – 8.9% |
||||||||
| Activision Blizzard |
86,362 | $ | 7,184 | |||||
| Alphabet, Cl A* |
39,386 | 47,542 | ||||||
| Alphabet, Cl C* |
29,355 | 35,034 | ||||||
| AT&T |
255,951 | 8,595 | ||||||
| CBS, Cl B |
10,687 | 614 | ||||||
| CenturyLink |
30,330 | 643 | ||||||
| Charter Communications, Cl A* |
5,600 | 1,825 | ||||||
| Comcast, Cl A |
515,275 | 18,246 | ||||||
| Discovery, Cl A* |
4,793 | 153 | ||||||
| Discovery, Cl C* |
63,272 | 1,871 | ||||||
| DISH Network, Cl A* |
7,284 | 260 | ||||||
| Electronic Arts* |
55,796 | 6,723 | ||||||
| Facebook, Cl A* |
245,853 | 40,433 | ||||||
| IAC* |
19,537 | 4,234 | ||||||
| Interpublic Group of Companies |
148,909 | 3,405 | ||||||
| John Wiley & Sons, Cl A |
38,264 | 2,319 | ||||||
| Live Nation Entertainment* |
13,378 | 729 | ||||||
| Match Group* |
5,545 | 321 | ||||||
| News, Cl A |
11,668 | 154 | ||||||
| News, Cl B |
3,100 | 42 | ||||||
| Omnicom Group |
74,699 | 5,081 | ||||||
| Take-Two Interactive Software* |
3,500 | 483 | ||||||
| Tencent Holdings ADR |
231,200 | 9,442 | ||||||
| T-Mobile US* |
36,475 | 2,560 | ||||||
| Twenty-First Century Fox |
15,028 | 688 | ||||||
| Twenty-First Century Fox, Cl A |
48,687 | 2,256 | ||||||
| Twitter* |
22,300 | 635 | ||||||
| United States Cellular* |
35,029 | 1,569 | ||||||
| Verizon Communications |
223,012 | 11,907 | ||||||
| Viacom, Cl B |
125,643 | 4,242 | ||||||
| Walt Disney |
46,868 | 5,481 | ||||||
| Zynga, Cl A* |
99,165 | 398 | ||||||
|
|
|
|||||||
| 225,069 | ||||||||
|
|
|
|||||||
| Consumer Discretionary – 12.6% |
||||||||
| Advance Auto Parts |
17,040 | 2,868 | ||||||
| Amazon.com* |
50,890 | 101,933 | ||||||
| Aptiv* |
96,243 | 8,075 | ||||||
| AutoZone* |
1,126 | 873 | ||||||
| Best Buy |
47,887 | 3,800 | ||||||
| Booking Holdings* |
10,458 | 20,749 | ||||||
| BorgWarner |
6,197 | 265 | ||||||
| Brunswick |
3,323 | 223 | ||||||
| Burlington Stores* |
15,343 | 2,500 | ||||||
| CarMax* |
5,489 | 410 | ||||||
| Carnival |
12,657 | 807 | ||||||
| Carter’s |
5,649 | 557 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Chipotle Mexican Grill, Cl A* |
2,238 | $ | 1,017 | |||||
| Columbia Sportswear |
5,882 | 547 | ||||||
| Darden Restaurants |
23,829 | 2,650 | ||||||
| Dollar General |
70,931 | 7,753 | ||||||
| Dollar Tree* |
7,401 | 604 | ||||||
| DR Horton |
14,404 | 608 | ||||||
| Expedia Group |
3,680 | 480 | ||||||
| Extended Stay America |
14,500 | 293 | ||||||
| Foot Locker |
74,495 | 3,798 | ||||||
| Ford Motor |
122,852 | 1,136 | ||||||
| Gap |
66,171 | 1,909 | ||||||
| Garmin |
4,049 | 284 | ||||||
| General Motors |
40,775 | 1,373 | ||||||
| Genuine Parts |
4,515 | 449 | ||||||
| Goodyear Tire & Rubber |
7,530 | 176 | ||||||
| Graham Holdings, Cl B |
703 | 407 | ||||||
| H&R Block |
27,978 | 720 | ||||||
| Hanesbrands |
100,848 | 1,859 | ||||||
| Harley-Davidson |
18,161 | 823 | ||||||
| Hasbro |
3,501 | 368 | ||||||
| Hilton Worldwide Holdings |
110,008 | 8,886 | ||||||
| Home Depot |
55,534 | 11,504 | ||||||
| Hyatt Hotels, Cl A |
11,615 | 924 | ||||||
| Johnson Controls International |
228,078 | 7,983 | ||||||
| Kohl’s |
13,476 | 1,005 | ||||||
| L Brands |
7,325 | 222 | ||||||
| Las Vegas Sands |
119,732 | 7,104 | ||||||
| Lear |
10,129 | 1,469 | ||||||
| Leggett & Platt |
4,046 | 177 | ||||||
| Lennar, Cl A |
9,495 | 443 | ||||||
| LKQ* |
9,400 | 298 | ||||||
| Lowe’s |
81,355 | 9,341 | ||||||
| Lululemon Athletica* |
19,907 | 3,235 | ||||||
| Macy’s |
46,290 | 1,608 | ||||||
| Marriott International, Cl A |
9,323 | 1,231 | ||||||
| Mattel* |
11,108 | 174 | ||||||
| McDonald’s |
34,325 | 5,742 | ||||||
| MGM Resorts International |
15,900 | 444 | ||||||
| Michael Kors Holdings* |
95,796 | 6,568 | ||||||
| Mohawk Industries* |
2,001 | 351 | ||||||
| Netflix* |
29,693 | 11,109 | ||||||
| Newell Brands |
55,305 | 1,123 | ||||||
| NIKE, Cl B |
89,895 | 7,616 | ||||||
| Nordstrom |
39,549 | 2,365 | ||||||
| Norwegian Cruise Line Holdings* |
6,400 | 368 | ||||||
| NVR* |
837 | 2,068 | ||||||
| O’Reilly Automotive* |
2,551 | 886 | ||||||
| PulteGroup |
14,204 | 352 | ||||||
| PVH |
2,342 | 338 | ||||||
| Ralph Lauren, Cl A |
35,547 | 4,889 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Restaurant Brands International |
47,500 | $ | 2,816 | |||||
| Ross Stores |
100,387 | 9,948 | ||||||
| Royal Caribbean Cruises |
12,138 | 1,577 | ||||||
| Skechers U.S.A., Cl A* |
48,693 | 1,360 | ||||||
| Starbucks |
42,946 | 2,441 | ||||||
| Tapestry |
8,789 | 442 | ||||||
| Target |
88,300 | 7,789 | ||||||
| Tesla* |
26,687 | 7,066 | ||||||
| Thor Industries |
7,134 | 597 | ||||||
| Tiffany |
13,125 | 1,693 | ||||||
| TJX |
49,448 | 5,539 | ||||||
| Toll Brothers |
6,510 | 215 | ||||||
| Tractor Supply |
3,743 | 340 | ||||||
| TripAdvisor* |
3,393 | 173 | ||||||
| Ulta Beauty* |
1,793 | 506 | ||||||
| Under Armour, Cl A* |
6,200 | 132 | ||||||
| Under Armour, Cl C* |
6,320 | 123 | ||||||
| Urban Outfitters* |
77,405 | 3,166 | ||||||
| Vail Resorts |
4,214 | 1,156 | ||||||
| VF |
10,114 | 945 | ||||||
| Whirlpool |
1,937 | 230 | ||||||
| Wyndham Hotels & Resorts |
11,670 | 648 | ||||||
| Wynn Resorts |
2,991 | 380 | ||||||
| Yum! Brands |
9,959 | 905 | ||||||
|
|
|
|||||||
| 320,324 | ||||||||
|
|
|
|||||||
| Consumer Staples – 5.4% |
||||||||
| Altria Group |
111,633 | 6,733 | ||||||
| Archer-Daniels-Midland |
117,984 | 5,931 | ||||||
| Brown-Forman, Cl B |
5,105 | 258 | ||||||
| Campbell Soup |
6,013 | 220 | ||||||
| Church & Dwight |
7,689 | 456 | ||||||
| Clorox |
4,025 | 605 | ||||||
| Coca-Cola |
120,704 | 5,575 | ||||||
| Colgate-Palmolive |
49,186 | 3,293 | ||||||
| Conagra Brands |
12,042 | 409 | ||||||
| Constellation Brands, Cl A |
5,262 | 1,135 | ||||||
| Costco Wholesale |
20,399 | 4,791 | ||||||
| Coty, Cl A |
14,650 | 184 | ||||||
| Danone |
24,835 | 1,923 | ||||||
| Diageo |
137,150 | 4,861 | ||||||
| Energizer Holdings |
34,861 | 2,045 | ||||||
| Estee Lauder, Cl A |
28,866 | 4,195 | ||||||
| Flowers Foods |
21,650 | 404 | ||||||
| General Mills |
117,578 | 5,046 | ||||||
| Hershey |
12,912 | 1,317 | ||||||
| Hormel Foods |
8,470 | 334 | ||||||
| Ingredion |
9,693 | 1,017 | ||||||
| JM Smucker |
18,325 | 1,880 | ||||||
| Kellogg |
7,815 | 547 | ||||||
| Kimberly-Clark |
22,473 | 2,554 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Kraft Heinz |
19,877 | $ | 1,095 | |||||
| Kroger |
25,000 | 728 | ||||||
| McCormick |
3,730 | 491 | ||||||
| Molson Coors Brewing, Cl B |
26,241 | 1,614 | ||||||
| Mondelez International, Cl A |
45,917 | 1,973 | ||||||
| Monster Beverage* |
12,620 | 735 | ||||||
| Nestle |
80,293 | 6,694 | ||||||
| Nu Skin Enterprises, Cl A |
18,157 | 1,497 | ||||||
| PepsiCo |
86,118 | 9,628 | ||||||
| Philip Morris International |
235,045 | 19,166 | ||||||
| Pinnacle Foods |
13,962 | 905 | ||||||
| Procter & Gamble |
136,677 | 11,376 | ||||||
| Reckitt Benckiser Group |
24,687 | 2,258 | ||||||
| Sysco |
58,395 | 4,277 | ||||||
| Tyson Foods, Cl A |
9,274 | 552 | ||||||
| US Foods Holding* |
23,501 | 724 | ||||||
| Walgreens Boots Alliance |
41,521 | 3,027 | ||||||
| Walmart |
151,866 | 14,262 | ||||||
|
|
|
|||||||
| 136,715 | ||||||||
|
|
|
|||||||
| Energy – 5.1% |
||||||||
| Anadarko Petroleum |
109,229 | 7,363 | ||||||
| Andeavor |
4,332 | 665 | ||||||
| Apache |
11,896 | 567 | ||||||
| Baker Hughes a GE |
12,823 | 434 | ||||||
| Cabot Oil & Gas |
13,934 | 314 | ||||||
| Chevron |
126,244 | 15,437 | ||||||
| Cimarex Energy |
3,036 | 282 | ||||||
| Concho Resources* |
6,400 | 978 | ||||||
| ConocoPhillips |
180,699 | 13,986 | ||||||
| Devon Energy |
54,720 | 2,186 | ||||||
| Diamondback Energy |
16,692 | 2,257 | ||||||
| Energen* |
16,135 | 1,390 | ||||||
| EOG Resources |
58,891 | 7,513 | ||||||
| EQT |
7,940 | 351 | ||||||
| Exxon Mobil |
255,130 | 21,691 | ||||||
| Halliburton |
29,039 | 1,177 | ||||||
| Helmerich & Payne |
3,287 | 226 | ||||||
| Hess |
7,996 | 572 | ||||||
| HollyFrontier |
71,824 | 5,020 | ||||||
| Kinder Morgan |
59,623 | 1,057 | ||||||
| Marathon Oil |
158,375 | 3,687 | ||||||
| Marathon Petroleum |
57,180 | 4,573 | ||||||
| National Oilwell Varco |
12,046 | 519 | ||||||
| Newfield Exploration* |
5,837 | 168 | ||||||
| Noble Energy |
15,216 | 475 | ||||||
| Occidental Petroleum |
91,225 | 7,496 | ||||||
| Oceaneering International* |
8,962 | 247 | ||||||
| ONEOK |
12,960 | 879 | ||||||
| Parsley Energy, Cl A* |
36,249 | 1,060 | ||||||
| PBF Energy, Cl A |
29,946 | 1,495 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Phillips 66 |
21,759 | $ | 2,453 | |||||
| Pioneer Natural Resources |
6,995 | 1,218 | ||||||
| Schlumberger |
148,743 | 9,061 | ||||||
| TechnipFMC |
13,312 | 416 | ||||||
| Valero Energy |
68,703 | 7,815 | ||||||
| Whiting Petroleum* |
76,184 | 4,041 | ||||||
| Williams |
38,561 | 1,048 | ||||||
|
|
|
|||||||
| 130,117 | ||||||||
|
|
|
|||||||
| Financials – 13.6% |
||||||||
| Affiliated Managers Group |
1,700 | 232 | ||||||
| Aflac |
64,143 | 3,019 | ||||||
| Allstate |
64,819 | 6,398 | ||||||
| American Express |
103,457 | 11,017 | ||||||
| American Financial Group |
15,494 | 1,719 | ||||||
| American International Group |
28,056 | 1,494 | ||||||
| Ameriprise Financial |
23,882 | 3,526 | ||||||
| Aon |
60,384 | 9,286 | ||||||
| Arthur J Gallagher |
5,600 | 417 | ||||||
| Assurant |
1,627 | 176 | ||||||
| Athene Holding, Cl A* |
8,963 | 463 | ||||||
| Bank of America |
628,087 | 18,503 | ||||||
| Bank of New York Mellon |
121,660 | 6,203 | ||||||
| BB&T |
24,429 | 1,186 | ||||||
| Berkshire Hathaway, Cl B* |
103,639 | 22,190 | ||||||
| BlackRock, Cl A |
21,903 | 10,324 | ||||||
| Brighthouse Financial* |
3,632 | 161 | ||||||
| Capital One Financial |
57,335 | 5,443 | ||||||
| Cboe Global Markets |
3,500 | 336 | ||||||
| Charles Schwab |
192,294 | 9,451 | ||||||
| Chubb |
72,831 | 9,733 | ||||||
| Cincinnati Financial |
4,710 | 362 | ||||||
| Citigroup |
212,343 | 15,233 | ||||||
| Citizens Financial Group |
95,932 | 3,700 | ||||||
| CME Group, Cl A |
19,111 | 3,253 | ||||||
| Comerica |
9,827 | 886 | ||||||
| Discover Financial Services |
38,016 | 2,906 | ||||||
| E*TRADE Financial* |
8,275 | 434 | ||||||
| Erie Indemnity, Cl A |
1,096 | 140 | ||||||
| Everest Re Group |
13,690 | 3,128 | ||||||
| Fidelity National Financial |
40,531 | 1,595 | ||||||
| Fifth Third Bancorp |
21,418 | 598 | ||||||
| First American Financial |
13,949 | 720 | ||||||
| Franklin Resources |
9,632 | 293 | ||||||
| Goldman Sachs Group |
52,670 | 11,811 | ||||||
| Hartford Financial Services Group |
11,207 | 560 | ||||||
| Huntington Bancshares |
34,576 | 516 | ||||||
| Interactive Brokers Group, Cl A |
13,145 | 727 | ||||||
| Intercontinental Exchange |
82,179 | 6,154 | ||||||
| Invesco |
12,873 | 295 | ||||||
| Jefferies Financial Group |
9,447 | 207 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| JPMorgan Chase |
377,135 | $ | 42,556 | |||||
| KeyCorp |
33,134 | 659 | ||||||
| Lazard, Cl A |
19,522 | 940 | ||||||
| Lincoln National |
6,657 | 450 | ||||||
| Loews |
9,033 | 454 | ||||||
| LPL Financial Holdings |
3,297 | 213 | ||||||
| M&T Bank |
4,524 | 744 | ||||||
| Marsh & McLennan |
15,901 | 1,315 | ||||||
| MetLife |
126,477 | 5,909 | ||||||
| Moody’s |
25,536 | 4,270 | ||||||
| Morgan Stanley |
113,983 | 5,308 | ||||||
| Morningstar |
588 | 74 | ||||||
| MSCI, Cl A |
13,785 | 2,446 | ||||||
| Nasdaq |
55,404 | 4,754 | ||||||
| Northern Trust |
6,892 | 704 | ||||||
| People’s United Financial |
10,854 | 186 | ||||||
| PNC Financial Services Group |
109,008 | 14,846 | ||||||
| Popular |
5,731 | 294 | ||||||
| Principal Financial Group |
19,176 | 1,124 | ||||||
| Progressive |
93,126 | 6,616 | ||||||
| Prudential Financial |
29,995 | 3,039 | ||||||
| Raymond James Financial |
4,100 | 377 | ||||||
| Regions Financial |
198,801 | 3,648 | ||||||
| Reinsurance Group of America, Cl A |
20,459 | 2,958 | ||||||
| S&P Global |
33,387 | 6,523 | ||||||
| State Street |
55,367 | 4,639 | ||||||
| SunTrust Banks |
27,871 | 1,861 | ||||||
| SVB Financial Group* |
1,700 | 528 | ||||||
| Synchrony Financial |
51,098 | 1,588 | ||||||
| T Rowe Price Group |
26,583 | 2,902 | ||||||
| TD Ameritrade Holding |
61,260 | 3,236 | ||||||
| Torchmark |
3,187 | 276 | ||||||
| Travelers |
77,641 | 10,071 | ||||||
| Unum Group |
6,555 | 256 | ||||||
| US Bancorp |
222,922 | 11,772 | ||||||
| Voya Financial |
6,761 | 336 | ||||||
| Wells Fargo |
420,582 | 22,106 | ||||||
| Willis Towers Watson |
4,122 | 581 | ||||||
| Zions Bancorp |
20,547 | 1,030 | ||||||
|
|
|
|||||||
| 346,384 | ||||||||
|
|
|
|||||||
| Health Care – 15.9% |
||||||||
| Abbott Laboratories |
195,000 | 14,305 | ||||||
| AbbVie |
69,053 | 6,531 | ||||||
| ABIOMED* |
9,006 | 4,050 | ||||||
| Aetna |
15,777 | 3,200 | ||||||
| Agilent Technologies |
26,917 | 1,899 | ||||||
| Alexion Pharmaceuticals* |
30,196 | 4,198 | ||||||
| Align Technology* |
7,257 | 2,839 | ||||||
| Allergan |
23,384 | 4,454 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| AmerisourceBergen, Cl A |
5,101 | $ | 470 | |||||
| Amgen |
54,538 | 11,305 | ||||||
| Anthem |
31,375 | 8,598 | ||||||
| Baxter International |
93,115 | 7,178 | ||||||
| Becton Dickinson |
46,399 | 12,110 | ||||||
| Biogen* |
30,831 | 10,893 | ||||||
| Boston Scientific* |
51,150 | 1,969 | ||||||
| Bristol-Myers Squibb |
111,215 | 6,904 | ||||||
| Cardinal Health |
30,905 | 1,669 | ||||||
| Celgene* |
45,022 | 4,029 | ||||||
| Centene* |
27,303 | 3,953 | ||||||
| Cerner* |
10,549 | 679 | ||||||
| Charles River Laboratories International* |
9,524 | 1,281 | ||||||
| Cigna |
117,869 | 24,546 | ||||||
| Cooper |
4,994 | 1,384 | ||||||
| CVS Health |
32,189 | 2,534 | ||||||
| Danaher |
79,323 | 8,619 | ||||||
| DaVita* |
4,348 | 311 | ||||||
| DENTSPLY SIRONA |
6,849 | 259 | ||||||
| DexCom* |
1,580 | 226 | ||||||
| Edwards Lifesciences* |
6,482 | 1,129 | ||||||
| Eli Lilly |
44,970 | 4,826 | ||||||
| Envision Healthcare* |
3,866 | 177 | ||||||
| Express Scripts Holding* |
78,344 | 7,444 | ||||||
| Gilead Sciences |
82,239 | 6,350 | ||||||
| HCA Healthcare |
60,688 | 8,443 | ||||||
| Henry Schein* |
4,853 | 413 | ||||||
| Hologic* |
8,200 | 336 | ||||||
| Humana |
42,431 | 14,364 | ||||||
| ICU Medical* |
641 | 181 | ||||||
| IDEXX Laboratories* |
7,701 | 1,923 | ||||||
| Illumina* |
4,560 | 1,674 | ||||||
| Incyte* |
5,400 | 373 | ||||||
| Intuitive Surgical* |
25,766 | 14,790 | ||||||
| IQVIA Holdings* |
5,000 | 649 | ||||||
| Johnson & Johnson |
264,447 | 36,539 | ||||||
| Laboratory Corp of America Holdings* |
3,203 | 556 | ||||||
| McKesson |
31,971 | 4,241 | ||||||
| MEDNAX* |
34,812 | 1,624 | ||||||
| Medtronic |
180,331 | 17,739 | ||||||
| Merck |
251,922 | 17,871 | ||||||
| Mettler-Toledo International* |
800 | 487 | ||||||
| Mylan* |
16,108 | 590 | ||||||
| Nektar Therapeutics, Cl A* |
5,100 | 311 | ||||||
| Novartis |
11,555 | 994 | ||||||
| PerkinElmer |
3,496 | 340 | ||||||
| Perrigo |
3,932 | 278 | ||||||
| Pfizer |
573,400 | 25,270 | ||||||
| Premier, Cl A* |
24,718 | 1,132 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Quest Diagnostics |
4,262 | $ | 460 | |||||
| Regeneron Pharmaceuticals* |
7,519 | 3,038 | ||||||
| ResMed |
13,346 | 1,539 | ||||||
| Roche Holding |
4,645 | 1,125 | ||||||
| Stryker |
63,684 | 11,315 | ||||||
| TESARO* |
445 | 17 | ||||||
| Thermo Fisher Scientific |
40,780 | 9,954 | ||||||
| United Therapeutics* |
5,995 | 767 | ||||||
| UnitedHealth Group |
120,721 | 32,117 | ||||||
| Universal Health Services, Cl B |
2,800 | 358 | ||||||
| Varian Medical Systems* |
15,884 | 1,778 | ||||||
| Vertex Pharmaceuticals* |
62,713 | 12,087 | ||||||
| Waters* |
2,459 | 479 | ||||||
| WellCare Health Plans* |
14,771 | 4,734 | ||||||
| Zimmer Biomet Holdings |
6,398 | 841 | ||||||
| Zoetis, Cl A |
15,172 | 1,389 | ||||||
|
|
|
|||||||
| 403,435 | ||||||||
|
|
|
|||||||
| Industrials – 10.2% |
||||||||
| 3M |
42,035 | 8,857 | ||||||
| Acuity Brands |
5,440 | 855 | ||||||
| Alaska Air Group |
3,900 | 269 | ||||||
| Allegion |
2,856 | 259 | ||||||
| Allison Transmission Holdings |
22,214 | 1,155 | ||||||
| American Airlines Group |
13,049 | 539 | ||||||
| AMETEK |
7,248 | 573 | ||||||
| AO Smith |
4,500 | 240 | ||||||
| Arconic |
12,755 | 281 | ||||||
| Boeing |
121,857 | 45,319 | ||||||
| Canadian National Railway |
26,884 | 2,414 | ||||||
| Caterpillar |
43,118 | 6,575 | ||||||
| CH Robinson Worldwide |
4,264 | 418 | ||||||
| Cintas |
2,676 | 529 | ||||||
| Copa Holdings, Cl A |
1,531 | 122 | ||||||
| Copart* |
17,677 | 911 | ||||||
| Crane |
28,373 | 2,790 | ||||||
| CSX |
25,404 | 1,881 | ||||||
| Cummins |
12,083 | 1,765 | ||||||
| Curtiss-Wright |
3,261 | 448 | ||||||
| Deere |
10,167 | 1,528 | ||||||
| Delta Air Lines |
58,078 | 3,359 | ||||||
| Dover |
4,863 | 431 | ||||||
| Dun & Bradstreet |
10,533 | 1,501 | ||||||
| Eaton |
103,760 | 8,999 | ||||||
| Emerson Electric |
19,718 | 1,510 | ||||||
| Equifax |
22,400 | 2,925 | ||||||
| Expeditors International of Washington |
11,191 | 823 | ||||||
| Fastenal |
9,009 | 523 | ||||||
| FedEx |
15,807 | 3,806 | ||||||
| Flowserve |
4,043 | 221 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Fluor |
4,185 | $ | 243 | |||||
| Fortive |
35,661 | 3,003 | ||||||
| Fortune Brands Home & Security |
4,500 | 236 | ||||||
| General Dynamics |
21,281 | 4,357 | ||||||
| General Electric |
274,738 | 3,102 | ||||||
| Harris |
3,712 | 628 | ||||||
| HD Supply Holdings* |
20,294 | 868 | ||||||
| Honeywell International |
128,916 | 21,452 | ||||||
| Huntington Ingalls Industries |
11,126 | 2,849 | ||||||
| IDEX |
7,294 | 1,099 | ||||||
| IHS Markit* |
11,130 | 601 | ||||||
| Illinois Tool Works |
39,605 | 5,589 | ||||||
| Ingersoll-Rand |
95,981 | 9,819 | ||||||
| ITT |
6,186 | 379 | ||||||
| Jacobs Engineering Group |
3,630 | 278 | ||||||
| JB Hunt Transport Services |
2,700 | 321 | ||||||
| Kansas City Southern |
23,835 | 2,700 | ||||||
| KAR Auction Services |
27,255 | 1,627 | ||||||
| L3 Technologies |
8,790 | 1,869 | ||||||
| Lockheed Martin |
20,036 | 6,932 | ||||||
| ManpowerGroup |
12,277 | 1,055 | ||||||
| Masco |
9,786 | 358 | ||||||
| Nielsen Holdings |
10,600 | 293 | ||||||
| Norfolk Southern |
16,763 | 3,026 | ||||||
| Northrop Grumman |
46,990 | 14,913 | ||||||
| nVent Electric |
26,092 | 709 | ||||||
| Oshkosh |
6,688 | 476 | ||||||
| PACCAR |
10,917 | 744 | ||||||
| Parker-Hannifin |
4,160 | 765 | ||||||
| Pentair |
23,535 | 1,020 | ||||||
| Quanta Services* |
4,576 | 153 | ||||||
| Raytheon |
26,872 | 5,553 | ||||||
| Regal Beloit |
10,305 | 850 | ||||||
| Republic Services, Cl A |
6,871 | 499 | ||||||
| Robert Half International |
51,248 | 3,607 | ||||||
| Rockwell Automation |
3,942 | 739 | ||||||
| Rockwell Collins |
5,036 | 707 | ||||||
| Rollins |
3,100 | 188 | ||||||
| Roper Technologies |
3,273 | 970 | ||||||
| Snap-on |
1,729 | 317 | ||||||
| Southwest Airlines |
16,715 | 1,044 | ||||||
| Spirit AeroSystems Holdings, Cl A |
54,166 | 4,965 | ||||||
| Stanley Black & Decker |
25,197 | 3,690 | ||||||
| Stericycle* |
2,621 | 154 | ||||||
| Teledyne Technologies* |
3,528 | 870 | ||||||
| Terex |
4,247 | 170 | ||||||
| Textron |
8,014 | 573 | ||||||
| TransDigm Group* |
1,500 | 558 | ||||||
| Union Pacific |
64,589 | 10,517 | ||||||
| United Continental Holdings* |
7,362 | 656 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| United Parcel Service, Cl B |
43,041 | $ | 5,025 | |||||
| United Rentals* |
2,629 | 430 | ||||||
| United Technologies |
61,022 | 8,532 | ||||||
| Verisk Analytics, Cl A* |
5,300 | 639 | ||||||
| Waste Connections |
42,950 | 3,426 | ||||||
| Waste Management |
62,636 | 5,660 | ||||||
| WW Grainger |
12,543 | 4,483 | ||||||
| Xylem |
5,622 | 449 | ||||||
|
|
|
|||||||
| 258,561 | ||||||||
|
|
|
|||||||
| Information Technology – 20.8% |
||||||||
| Accenture, Cl A |
104,191 | 17,733 | ||||||
| Adobe Systems* |
63,767 | 17,214 | ||||||
| Advanced Micro Devices* |
27,500 | 849 | ||||||
| Akamai Technologies* |
22,126 | 1,619 | ||||||
| Alibaba Group Holding ADR* |
51,000 | 8,403 | ||||||
| Alliance Data Systems |
1,480 | 350 | ||||||
| Amdocs |
22,410 | 1,479 | ||||||
| Amphenol, Cl A |
9,452 | 889 | ||||||
| Analog Devices |
29,817 | 2,757 | ||||||
| ANSYS* |
7,940 | 1,482 | ||||||
| Apple |
342,624 | 77,344 | ||||||
| Applied Materials |
99,610 | 3,850 | ||||||
| Arista Networks* |
1,700 | 452 | ||||||
| ASML Holding, Cl G |
9,100 | 1,711 | ||||||
| Aspen Technology* |
19,347 | 2,204 | ||||||
| Autodesk* |
6,908 | 1,078 | ||||||
| Automatic Data Processing |
13,768 | 2,074 | ||||||
| Black Knight* |
23,271 | 1,209 | ||||||
| Broadcom |
29,701 | 7,328 | ||||||
| Broadridge Financial Solutions |
28,822 | 3,803 | ||||||
| CA |
9,820 | 434 | ||||||
| Cadence Design Systems* |
32,950 | 1,493 | ||||||
| CDW |
36,384 | 3,235 | ||||||
| Cisco Systems |
281,851 | 13,712 | ||||||
| Citrix Systems |
4,042 | 449 | ||||||
| Cognizant Technology Solutions, Cl A |
73,483 | 5,669 | ||||||
| Corning |
26,123 | 922 | ||||||
| Dell Technologies, Cl V* |
16,588 | 1,611 | ||||||
| DXC Technology |
105,622 | 9,878 | ||||||
| eBay* |
56,779 | 1,875 | ||||||
| EPAM Systems* |
8,057 | 1,109 | ||||||
| F5 Networks* |
28,294 | 5,642 | ||||||
| Fidelity National Information Services |
88,334 | 9,635 | ||||||
| Fiserv* |
66,564 | 5,484 | ||||||
| FleetCor Technologies* |
3,623 | 825 | ||||||
| FLIR Systems |
22,004 | 1,353 | ||||||
| Fortinet* |
15,542 | 1,434 | ||||||
| Gartner* |
2,867 | 454 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Global Payments |
41,112 | $ | 5,238 | |||||
| Hewlett Packard Enterprise |
47,045 | 767 | ||||||
| HP |
93,035 | 2,397 | ||||||
| Intel |
312,173 | 14,763 | ||||||
| International Business Machines |
62,920 | 9,514 | ||||||
| Intuit |
70,835 | 16,108 | ||||||
| IPG Photonics* |
1,100 | 172 | ||||||
| Juniper Networks |
10,780 | 323 | ||||||
| KLA-Tencor |
27,445 | 2,791 | ||||||
| Lam Research |
16,105 | 2,443 | ||||||
| Marvell Technology Group |
8,733 | 169 | ||||||
| Mastercard, Cl A |
43,014 | 9,575 | ||||||
| Maxim Integrated Products |
98,550 | 5,557 | ||||||
| Microchip Technology |
7,246 | 572 | ||||||
| Micron Technology* |
170,389 | 7,707 | ||||||
| Microsoft |
782,792 | 89,528 | ||||||
| Motorola Solutions |
5,065 | 659 | ||||||
| NetApp |
8,294 | 712 | ||||||
| NVIDIA |
56,943 | 16,002 | ||||||
| Oracle |
172,691 | 8,904 | ||||||
| Palo Alto Networks* |
10,116 | 2,279 | ||||||
| Paychex |
9,867 | 727 | ||||||
| PayPal Holdings* |
141,753 | 12,452 | ||||||
| Perspecta |
18,210 | 468 | ||||||
| Qorvo* |
3,900 | 300 | ||||||
| QUALCOMM |
43,981 | 3,168 | ||||||
| Red Hat* |
54,861 | 7,476 | ||||||
| salesforce.com* |
68,225 | 10,850 | ||||||
| Seagate Technology |
8,969 | 425 | ||||||
| ServiceNow* |
14,741 | 2,884 | ||||||
| Skyworks Solutions |
23,499 | 2,132 | ||||||
| Splunk* |
6,000 | 725 | ||||||
| Symantec |
19,037 | 405 | ||||||
| Synopsys* |
24,961 | 2,461 | ||||||
| TE Connectivity |
11,015 | 969 | ||||||
| Texas Instruments |
132,538 | 14,220 | ||||||
| Total System Services |
28,942 | 2,858 | ||||||
| Twilio, Cl A* |
26,089 | 2,251 | ||||||
| Ubiquiti Networks |
5,225 | 517 | ||||||
| VeriSign* |
3,312 | 530 | ||||||
| Visa, Cl A |
214,063 | 32,129 | ||||||
| VMware, Cl A* |
34,479 | 5,381 | ||||||
| Western Digital |
29,344 | 1,718 | ||||||
| Western Union |
13,763 | 262 | ||||||
| Workday, Cl A* |
20,568 | 3,002 | ||||||
| Xerox |
6,504 | 175 | ||||||
| Xilinx |
10,998 | 882 | ||||||
| Zebra Technologies, Cl A* |
9,899 | 1,750 | ||||||
| Zendesk* |
14,223 | 1,010 | ||||||
|
|
|
|||||||
| 527,349 | ||||||||
|
|
|
|||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Materials – 2.0% |
||||||||
| Air Products & Chemicals |
22,051 | $ | 3,684 | |||||
| Albemarle |
3,400 | 339 | ||||||
| Avery Dennison |
2,768 | 300 | ||||||
| Ball |
10,704 | 471 | ||||||
| Berry Global Group* |
36,815 | 1,781 | ||||||
| Celanese, Cl A |
11,983 | 1,366 | ||||||
| CF Industries Holdings |
7,351 | 400 | ||||||
| Chemours |
5,827 | 230 | ||||||
| Crown Holdings* |
32,497 | 1,560 | ||||||
| Domtar |
8,847 | 462 | ||||||
| DowDuPont |
96,739 | 6,221 | ||||||
| Eastman Chemical |
16,030 | 1,534 | ||||||
| Ecolab |
8,167 | 1,280 | ||||||
| FMC |
4,232 | 369 | ||||||
| Freeport-McMoRan |
65,444 | 911 | ||||||
| Huntsman |
44,859 | 1,221 | ||||||
| International Flavors & Fragrances |
2,442 | 340 | ||||||
| International Paper |
12,776 | 628 | ||||||
| LyondellBasell Industries, Cl A |
58,724 | 6,020 | ||||||
| Martin Marietta Materials |
1,900 | 346 | ||||||
| Mosaic |
10,781 | 350 | ||||||
| Newmont Mining |
25,149 | 759 | ||||||
| Nucor |
9,942 | 631 | ||||||
| Olin |
5,416 | 139 | ||||||
| Packaging Corp of America |
2,982 | 327 | ||||||
| PPG Industries |
77,063 | 8,410 | ||||||
| Praxair |
9,014 | 1,449 | ||||||
| Reliance Steel & Aluminum |
2,098 | 179 | ||||||
| Sealed Air |
5,142 | 206 | ||||||
| Sherwin-Williams |
11,591 | 5,276 | ||||||
| Steel Dynamics |
64,861 | 2,931 | ||||||
| Vulcan Materials |
4,027 | 448 | ||||||
| Westlake Chemical |
8,032 | 668 | ||||||
| WestRock |
7,778 | 416 | ||||||
| WR Grace |
9,384 | 671 | ||||||
|
|
|
|||||||
| 52,323 | ||||||||
|
|
|
|||||||
| Real Estate – 1.6% |
||||||||
| Alexandria Real Estate Equities‡ |
3,200 | 402 | ||||||
| American Tower, Cl A‡ |
24,775 | 3,600 | ||||||
| Apartment Investment & Management, |
4,754 | 210 | ||||||
| AvalonBay Communities‡ |
4,312 | 781 | ||||||
| Boston Properties‡ |
4,824 | 594 | ||||||
| CBRE Group, Cl A* |
66,078 | 2,914 | ||||||
| Crown Castle International‡ |
50,805 | 5,656 | ||||||
| Digital Realty Trust‡ |
6,500 | 731 | ||||||
| Duke Realty‡ |
10,800 | 306 | ||||||
| Equinix‡ |
2,471 | 1,070 | ||||||
| Equity LifeStyle Properties‡ |
35,062 | 3,382 | ||||||
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Equity Residential‡ |
11,384 | $ | 754 | |||||
| Essex Property Trust‡ |
2,032 | 501 | ||||||
| Extra Space Storage‡ |
3,900 | 338 | ||||||
| Federal Realty Investment Trust‡ |
2,200 | 278 | ||||||
| Gaming and Leisure Properties‡ |
37,790 | 1,332 | ||||||
| HCP‡ |
14,595 | 384 | ||||||
| Host Hotels & Resorts‡ |
23,018 | 486 | ||||||
| Iron Mountain‡ |
8,486 | 293 | ||||||
| Kimco Realty‡ |
13,445 | 225 | ||||||
| Liberty Property Trust‡ |
14,160 | 598 | ||||||
| Macerich‡ |
3,145 | 174 | ||||||
| Mid-America Apartment Communities‡ |
3,600 | 361 | ||||||
| Park Hotels & Resorts‡ |
30,182 | 991 | ||||||
| Prologis‡ |
75,025 | 5,086 | ||||||
| Public Storage‡ |
12,077 | 2,435 | ||||||
| Realty Income‡ |
8,700 | 495 | ||||||
| Regency Centers‡ |
5,200 | 336 | ||||||
| SBA Communications, Cl A‡ * |
3,600 | 578 | ||||||
| Simon Property Group‡ |
9,703 | 1,715 | ||||||
| SL Green Realty‡ |
13,998 | 1,365 | ||||||
| UDR‡ |
8,300 | 336 | ||||||
| Ventas‡ |
11,013 | 599 | ||||||
| Vornado Realty Trust‡ |
5,303 | 387 | ||||||
| Welltower‡ |
11,503 | 740 | ||||||
| Weyerhaeuser‡ |
23,882 | 771 | ||||||
|
|
|
|||||||
| 41,204 | ||||||||
|
|
|
|||||||
| Utilities – 2.3% |
||||||||
| AES |
20,996 | 294 | ||||||
| Alliant Energy |
7,100 | 302 | ||||||
| Ameren |
25,716 | 1,626 | ||||||
| American Electric Power |
46,096 | 3,267 | ||||||
| American Water Works |
26,882 | 2,365 | ||||||
| CenterPoint Energy |
45,761 | 1,265 | ||||||
| CMS Energy |
8,564 | 420 | ||||||
| Consolidated Edison |
40,241 | 3,066 | ||||||
| Dominion Energy |
20,415 | 1,435 | ||||||
| DTE Energy |
5,608 | 612 | ||||||
| Duke Energy |
106,161 | 8,495 | ||||||
| Edison International |
10,068 | 681 | ||||||
| Entergy |
5,754 | 467 | ||||||
| Evergy |
8,400 | 461 | ||||||
| Eversource Energy |
9,905 | 609 | ||||||
| Exelon |
248,998 | 10,871 | ||||||
| FirstEnergy |
15,733 | 585 | ||||||
| NextEra Energy |
24,798 | 4,156 | ||||||
| NiSource |
12,046 | 300 | ||||||
| NRG Energy |
9,264 | 347 | ||||||
| OGE Energy |
36,151 | 1,313 | ||||||
| PG&E* |
16,105 | 741 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Pinnacle West Capital |
3,492 | $ | 277 | |||||
| PPL |
21,599 | 632 | ||||||
| Public Service Enterprise Group |
15,882 | 838 | ||||||
| SCANA |
4,606 | 179 | ||||||
| Sempra Energy |
35,047 | 3,987 | ||||||
| Southern |
115,737 | 5,046 | ||||||
| WEC Energy Group |
9,720 | 649 | ||||||
| Xcel Energy |
51,163 | 2,415 | ||||||
|
|
|
|||||||
| 57,701 | ||||||||
|
|
|
|||||||
| Total Common Stock
|
2,499,182 | |||||||
|
|
|
|||||||
| Preferred Stock — 0.2% |
||||||||
|
Air BNB, Ser D* (A)(B) |
11,406 | 1,339 | ||||||
| Air BNB, Ser E* (A)(B) |
6,939 | 815 | ||||||
| Magic Leap* (A)(B) |
5,553 | 150 | ||||||
| Magic Leap, Ser C* (A)(B) |
13,521 | 365 | ||||||
| Uber Technologies, Cl E* (A)(B) |
21,969 | 1,072 | ||||||
| Uber Technologies, Cl G* (A)(B)
|
|
7,921
|
|
|
386
|
| ||
|
|
|
|||||||
| Total Preferred Stock
|
4,127 | |||||||
|
|
|
|||||||
| Short-Term Investment — 1.3% |
||||||||
|
State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.950%, (C)
|
|
34,100,430
|
|
|
34,100
|
| ||
|
|
|
|||||||
| Total Short-Term Investment |
34,100 | |||||||
|
|
|
|||||||
| Total Investments In Securities — 99.9%
|
$ | 2,537,409 | ||||||
|
|
|
|||||||
Percentages are based on Net Assets of $2,539,399 (000).
A list of the open futures contracts held by the Fund at September 30, 2018, is as follows (000):
| Type of Contract | Number of Contracts Long |
Expiration Date |
Notional Amount |
Value (Thousands) |
Unrealized Appreciation (Depreciation) (Thousands) |
|||||||||||||||
| S&P 500 Index E-MINI | 111 | Dec-2018 | $ | 16,124 | $ | 16,200 | $ | 76 | ||||||||||||
|
|
|
|||||||||||||||||||
|
|
|
|||||||||||||||||||
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| (A) | Level 3 security in accordance with fair value hierarchy. |
| (B) | Currently, no stated interest rate. |
| (C) | The rate reported is the 7-day effective yield as of September 30, 2018. |
KP Large Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
ADR — American Depositary Receipt
Cl — Class
S&P — Standard & Poor’s
Ser — Series
The following is a list of the level of inputs used as of September 30, 2018, in valuing the Fund’s investments and other financial instruments carried at value (000):
| Investments in |
Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
| Common Stock |
$ | 2,499,182 | $ | — | $ | — | $ | 2,499,182 | ||||||||
| Preferred Stock |
— | — | 4,127 | 4,127 | ||||||||||||
| Short-Term Investment |
34,100 | — | — | 34,100 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments in Securities |
$ | 2,533,282 | $ | — | $ | 4,127 | $ | 2,537,409 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Other Financial Instruments |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
|
|
||||||||||||||||
| Futures Contracts** |
|
|||||||||||||||
| Unrealized Appreciation |
$ | 76 | $ | — | $ | — | $ | 76 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Other Financial Instruments |
$ | 76 | $ | — | $ | — | $ | 76 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
** Futures contracts are valued at the unrealized appreciation on the instruments.
^ 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 September 30, 2018, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended September 30, 2018, there were no transfers in and out of Level
3. All transfers, if any, are recognized by the Fund at the end of the period.
For the period ended September 30, 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.
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Common Stock — 96.3% |
||||||||
| Communication Services – 2.8% |
||||||||
| AH Belo, Cl A |
197,880 | $ | 910 | |||||
| ATN International |
17,071 | 1,261 | ||||||
| Beasley Broadcast Group, Cl A |
93,999 | 649 | ||||||
| Cincinnati Bell* |
13,906 | 222 | ||||||
| Cogent Communications Holdings |
11,832 | 660 | ||||||
| Consolidated Communications Holdings |
20,962 | 273 | ||||||
| EW Scripps, Cl A |
16,113 | 266 | ||||||
| Frontier Communications |
30,700 | 199 | ||||||
| Gannett |
32,101 | 321 | ||||||
| IAC* |
21,378 | 4,633 | ||||||
| Iridium Communications* |
27,942 | 629 | ||||||
| John Wiley & Sons, Cl A |
72,777 | 4,410 | ||||||
| Madison Square Garden* |
5,012 | 1,580 | ||||||
| Marcus |
5,460 | 230 | ||||||
| MDC Partners, Cl A* |
131,666 | 546 | ||||||
| Meredith |
76,470 | 3,904 | ||||||
| New Media Investment Group |
15,772 | 248 | ||||||
| Nexstar Media Group, Cl A |
40,075 | 3,262 | ||||||
| ORBCOMM* |
130,613 | 1,418 | ||||||
| Pandora Media* |
96,740 | 920 | ||||||
| QuinStreet* |
10,502 | 143 | ||||||
| Scholastic |
8,006 | 374 | ||||||
| Spok Holdings |
5,100 | 79 | ||||||
| Vonage Holdings* |
215,252 | 3,048 | ||||||
| World Wrestling Entertainment, Cl A |
38,240 | 3,699 | ||||||
| XO Group* |
7,077 | 244 | ||||||
|
|
|
|||||||
| 34,128 | ||||||||
|
|
|
|||||||
| Consumer Discretionary – 11.7% |
||||||||
| 1-800-Flowers.com, Cl A* |
152,257 | 1,797 | ||||||
| Aaron’s |
20,540 | 1,119 | ||||||
| Abercrombie & Fitch, Cl A |
19,293 | 407 | ||||||
| Advance Auto Parts |
10,119 | 1,703 | ||||||
| American Axle & Manufacturing Holdings* |
32,351 | 564 | ||||||
| American Public Education* |
4,792 | 158 | ||||||
| Asbury Automotive Group* |
5,862 | 403 | ||||||
| Ascena Retail Group* |
49,377 | 226 | ||||||
| Aspen Group* |
71,586 | 487 | ||||||
| Barnes & Noble |
15,889 | 92 | ||||||
| Barnes & Noble Education* |
11,026 | 64 | ||||||
| Belmond, Cl A* |
26,032 | 475 | ||||||
| Big 5 Sporting Goods |
5,300 | 27 | ||||||
| Big Lots |
58,170 | 2,431 | ||||||
| BJ’s Restaurants |
53,641 | 3,873 | ||||||
| BMC Stock Holdings* |
101,575 | 1,894 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Bojangles’* |
198,615 | $ | 3,118 | |||||
| Buckle |
8,239 | 190 | ||||||
| Caleres |
12,203 | 438 | ||||||
| Callaway Golf |
25,215 | 612 | ||||||
| Career Education* |
19,367 | 289 | ||||||
| Carter’s |
21,708 | 2,140 | ||||||
| Cato, Cl A |
6,513 | 137 | ||||||
| Cavco Industries* |
2,418 | 612 | ||||||
| Century Casinos* |
221,550 | 1,653 | ||||||
| Chegg* |
107,126 | 3,046 | ||||||
| Chico’s FAS |
303,498 | 2,631 | ||||||
| Children’s Place |
4,723 | 604 | ||||||
| Chuy’s Holdings* |
109,716 | 2,880 | ||||||
| Cooper Tire & Rubber |
192,720 | 5,454 | ||||||
| Cooper-Standard Holdings* |
4,715 | 566 | ||||||
| Core-Mark Holding |
13,197 | 448 | ||||||
| Crocs* |
19,482 | 415 | ||||||
| Dave & Buster’s Entertainment |
11,226 | 743 | ||||||
| Del Frisco’s Restaurant Group* |
275,225 | 2,284 | ||||||
| Dine Brands Global |
22,729 | 1,848 | ||||||
| Dorman Products* |
8,428 | 648 | ||||||
| DSW, Cl A |
69,965 | 2,370 | ||||||
| El Pollo Loco Holdings* |
6,356 | 80 | ||||||
| Eldorado Resorts* |
55,735 | 2,709 | ||||||
| Ethan Allen Interiors |
6,811 | 141 | ||||||
| Etsy* |
58,210 | 2,991 | ||||||
| Express* |
238,904 | 2,642 | ||||||
| Extended Stay America |
123,581 | 2,500 | ||||||
| Fiesta Restaurant Group* |
6,855 | 183 | ||||||
| Five Below* |
17,125 | 2,227 | ||||||
| Fossil Group* |
13,146 | 306 | ||||||
| Fox Factory Holding* |
43,201 | 3,026 | ||||||
| Francesca’s Holdings* |
11,062 | 41 | ||||||
| GameStop, Cl A |
29,460 | 450 | ||||||
| Genesco* |
5,622 | 265 | ||||||
| Gentherm* |
10,344 | 470 | ||||||
| G-III Apparel Group* |
86,242 | 4,156 | ||||||
| Group 1 Automotive |
5,499 | 357 | ||||||
| GrubHub* |
25,092 | 3,478 | ||||||
| Guess? |
16,399 | 371 | ||||||
| Habit Restaurants, Cl A* |
119,822 | 1,911 | ||||||
| Haverty Furniture |
5,712 | 126 | ||||||
| Hibbett Sports* |
5,528 | 104 | ||||||
| Inspired Entertainment* |
68,564 | 418 | ||||||
| Installed Building Products* |
6,501 | 254 | ||||||
| iRobot* |
18,612 | 2,046 | ||||||
| JC Penney* |
92,313 | 153 | ||||||
| Kirkland’s* |
4,305 | 43 | ||||||
| La-Z-Boy, Cl Z |
13,511 | 427 | ||||||
| LCI Industries |
7,294 | 604 | ||||||
| LGI Homes* |
5,164 | 245 | ||||||
| Lindblad Expeditions Holdings* |
139,872 | 2,080 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Liquidity Services* |
41,866 | $ | 266 | |||||
| Lithia Motors, Cl A |
6,550 | 535 | ||||||
| Lovesac* |
45,089 | 1,126 | ||||||
| Lululemon Athletica* |
18,888 | 3,069 | ||||||
| Lumber Liquidators Holdings* |
8,604 | 133 | ||||||
| M/I Homes* |
7,897 | 189 | ||||||
| Malibu Boats, Cl A* |
19,535 | 1,069 | ||||||
| MarineMax* |
6,434 | 137 | ||||||
| MDC Holdings |
144,738 | 4,281 | ||||||
| Meritage Homes* |
11,025 | 440 | ||||||
| Modine Manufacturing* |
191,706 | 2,856 | ||||||
| Monarch Casino & Resort* |
3,467 | 158 | ||||||
| Monro |
64,255 | 4,472 | ||||||
| Motorcar Parts of America* |
5,559 | 130 | ||||||
| Movado Group |
4,851 | 203 | ||||||
| Nautilus* |
8,936 | 125 | ||||||
| Noodles, Cl A* |
149,770 | 1,812 | ||||||
| Nutrisystem |
57,162 | 2,118 | ||||||
| Office Depot |
160,810 | 516 | ||||||
| Oxford Industries |
4,896 | 442 | ||||||
| Penn National Gaming* |
91,157 | 3,001 | ||||||
| Perry Ellis International* |
3,500 | 96 | ||||||
| PetMed Express |
6,000 | 198 | ||||||
| Pier 1 Imports |
111,376 | 167 | ||||||
| Planet Fitness, Cl A* |
29,075 | 1,571 | ||||||
| PlayAGS* |
44,120 | 1,300 | ||||||
| Red Robin Gourmet Burgers* |
3,766 | 151 | ||||||
| Regis* |
9,634 | 197 | ||||||
| Rent-A-Center, Cl A |
12,883 | 185 | ||||||
| RH* |
5,607 | 735 | ||||||
| Roku, Cl A* |
15,430 | 1,127 | ||||||
| Ruth’s Hospitality Group |
8,380 | 264 | ||||||
| Shake Shack, Cl A* |
7,409 | 467 | ||||||
| Shoe Carnival |
3,168 | 122 | ||||||
| Shutterfly* |
9,508 | 627 | ||||||
| Shutterstock |
5,349 | 292 | ||||||
| Sleep Number* |
10,039 | 369 | ||||||
| Sonic |
9,925 | 430 | ||||||
| Sonic Automotive, Cl A |
7,160 | 139 | ||||||
| Stamps.com* |
4,855 | 1,098 | ||||||
| Standard Motor Products |
5,670 | 279 | ||||||
| Steven Madden |
15,138 | 801 | ||||||
| Strategic Education |
23,237 | 3,184 | ||||||
| Sturm Ruger |
38,338 | 2,647 | ||||||
| Superior Industries International |
6,299 | 107 | ||||||
| Tailored Brands |
14,181 | 357 | ||||||
| Texas Roadhouse, Cl A |
23,560 | 1,632 | ||||||
| Tiffany |
5,823 | 751 | ||||||
| Tile Shop Holdings |
10,401 | 74 | ||||||
| TopBuild* |
10,284 | 584 | ||||||
| Ulta Beauty* |
14,281 | 4,029 | ||||||
| Unifi* |
4,079 | 116 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Universal Electronics* |
3,903 | $ | 154 | |||||
| Urban Outfitters* |
28,349 | 1,160 | ||||||
| Vail Resorts |
8,081 | 2,218 | ||||||
| Vera Bradley* |
5,756 | 88 | ||||||
| Vista Outdoor* |
16,701 | 299 | ||||||
| Vitamin Shoppe* |
3,654 | 37 | ||||||
| William Lyon Homes, Cl A* |
9,632 | 153 | ||||||
| Wingstop, Cl A |
8,478 | 579 | ||||||
| Winnebago Industries |
8,261 | 274 | ||||||
| Wolverine World Wide |
27,312 | 1,067 | ||||||
| Zumiez* |
5,373 | 142 | ||||||
|
|
|
|||||||
| 140,995 | ||||||||
|
|
|
|||||||
| Consumer Staples – 3.6% |
||||||||
| Andersons |
54,079 | 2,036 | ||||||
| Avon Products* |
130,200 | 286 | ||||||
| B&G Foods |
63,129 | 1,733 | ||||||
| Calavo Growers |
4,494 | 434 | ||||||
| Cal-Maine Foods |
8,633 | 417 | ||||||
| Casey’s General Stores |
36,205 | 4,674 | ||||||
| Central Garden & Pet* |
2,851 | 103 | ||||||
| Central Garden & Pet, Cl A* |
11,615 | 385 | ||||||
| Chefs’ Warehouse* |
55,312 | 2,011 | ||||||
| Coca-Cola Bottling Consolidated |
1,303 | 237 | ||||||
| Darling Ingredients* |
261,370 | 5,050 | ||||||
| Dean Foods |
26,459 | 188 | ||||||
| Energizer Holdings |
40,624 | 2,383 | ||||||
| Flowers Foods |
127,769 | 2,384 | ||||||
| Herbalife Nutrition* |
31,474 | 1,717 | ||||||
| Inter Parfums |
34,869 | 2,247 | ||||||
| J&J Snack Foods |
4,304 | 649 | ||||||
| John B Sanfilippo & Son |
2,524 | 180 | ||||||
| Medifast |
3,438 | 762 | ||||||
| MGP Ingredients |
3,570 | 282 | ||||||
| Nu Skin Enterprises, Cl A |
20,757 | 1,711 | ||||||
| Post Holdings* |
17,530 | 1,719 | ||||||
| Sanderson Farms |
47,960 | 4,958 | ||||||
| Seneca Foods, Cl A* |
1,835 | 62 | ||||||
| Simply Good Foods* |
77,180 | 1,501 | ||||||
| SpartanNash |
10,536 | 211 | ||||||
| SUPERVALU* |
11,032 | 355 | ||||||
| Universal |
56,904 | 3,699 | ||||||
| WD-40 |
3,960 | 681 | ||||||
|
|
|
|||||||
| 43,055 | ||||||||
|
|
|
|||||||
| Energy – 4.0% |
||||||||
| Archrock |
36,463 | 445 | ||||||
| Ardmore Shipping* |
301,190 | 1,958 | ||||||
| Bonanza Creek Energy* |
5,600 | 167 | ||||||
| Bristow Group* |
10,436 | 127 | ||||||
| C&J Energy Services* |
17,910 | 372 | ||||||
| Callon Petroleum* |
461,148 | 5,529 | ||||||
| Capital Product Partners(A) |
181,203 | 504 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| CARBO Ceramics* |
6,259 | $ | 45 | |||||
| Carrizo Oil & Gas* |
24,207 | 610 | ||||||
| Cloud Peak Energy* |
22,702 | 52 | ||||||
| CONSOL Energy* |
8,100 | 331 | ||||||
| Denbury Resources* |
130,855 | 811 | ||||||
| Diamondback Energy |
28,662 | 3,875 | ||||||
| Dorian LPG* |
1 | — | ||||||
| Eclipse Resources* |
621,143 | 739 | ||||||
| Energen* |
63,730 | 5,492 | ||||||
| Era Group* |
6,300 | 78 | ||||||
| Exterran* |
8,882 | 236 | ||||||
| Geospace Technologies* |
3,914 | 54 | ||||||
| Green Plains |
11,325 | 195 | ||||||
| Gulf Island Fabrication |
3,100 | 31 | ||||||
| Helix Energy Solutions Group* |
40,594 | 401 | ||||||
| HighPoint Resources* |
32,971 | 161 | ||||||
| Keane Group* |
84,727 | 1,048 | ||||||
| KLX Energy Services Holdings* |
5,800 | 186 | ||||||
| Laredo Petroleum* |
44,600 | 364 | ||||||
| Matrix Service* |
7,679 | 189 | ||||||
| Nabors Industries |
476,277 | 2,934 | ||||||
| Newpark Resources* |
25,967 | 269 | ||||||
| Noble* |
69,444 | 488 | ||||||
| Oceaneering International |
26,534 | 732 | ||||||
| Oil States International* |
132,934 | 4,413 | ||||||
| Par Pacific Holdings* |
8,391 | 171 | ||||||
| PDC Energy* |
18,783 | 920 | ||||||
| Penn Virginia* |
3,920 | 316 | ||||||
| Pioneer Energy Services* |
23,574 | 70 | ||||||
| Profire Energy* |
125,585 | 401 | ||||||
| ProPetro Holding* |
20,530 | 338 | ||||||
| Renewable Energy Group* |
10,800 | 311 | ||||||
| Resolute Energy* |
18,152 | 686 | ||||||
| REX American Resources* |
1,686 | 127 | ||||||
| Ring Energy* |
216,256 | 2,143 | ||||||
| RPC |
227,537 | 3,522 | ||||||
| SEACOR Holdings* |
4,750 | 235 | ||||||
| SRC Energy* |
68,492 | 609 | ||||||
| TETRA Technologies* |
37,076 | 167 | ||||||
| Unit* |
15,200 | 396 | ||||||
| Whiting Petroleum* |
76,650 | 4,065 | ||||||
| WildHorse Resource Development* |
44,625 | 1,055 | ||||||
|
|
|
|||||||
| 48,368 | ||||||||
|
|
|
|||||||
| Financials – 16.4% |
||||||||
| Access National |
87,649 | 2,376 | ||||||
| Amalgamated Bank, Cl A* |
33,681 | 650 | ||||||
| Ambac Financial Group* |
12,600 | 257 | ||||||
| American Equity Investment Life Holding |
60,457 | 2,138 | ||||||
| American Financial Group |
38,185 | 4,237 | ||||||
| Ameris Bancorp |
11,475 | 524 | ||||||
| AMERISAFE |
71,236 | 4,413 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Apollo Commercial Real Estate Finance‡ |
31,796 | $ | 600 | |||||
| ARMOUR Residential ‡ |
11,988 | 269 | ||||||
| Associated Banc-Corp |
49,560 | 1,289 | ||||||
| Axos Financial* |
15,636 | 538 | ||||||
| Banc of California |
120,203 | 2,272 | ||||||
| Bank of Hawaii |
44,960 | 3,548 | ||||||
| Banner |
28,933 | 1,799 | ||||||
| Baycom* |
12,954 | 346 | ||||||
| Berkshire Hills Bancorp |
42,680 | 1,737 | ||||||
| Boston Private Financial Holdings |
24,643 | 336 | ||||||
| Bridgewater Bancshares* |
65,510 | 853 | ||||||
| BrightSphere Investment Group |
66,067 | 819 | ||||||
| Brookline Bancorp |
23,345 | 390 | ||||||
| Byline Bancorp* |
62,408 | 1,417 | ||||||
| Capstar Financial Holdings |
121,286 | 2,025 | ||||||
| Capstead Mortgage‡ |
27,131 | 215 | ||||||
| Carolina Financial |
85,396 | 3,221 | ||||||
| Central Pacific Financial |
8,700 | 230 | ||||||
| Chemical Financial |
26,075 | 1,392 | ||||||
| City Holding |
4,392 | 337 | ||||||
| Civista Bancshares |
56,665 | 1,365 | ||||||
| Columbia Banking System |
37,967 | 1,472 | ||||||
| Commerce Bancshares |
68,504 | 4,523 | ||||||
| Community Bank System |
14,685 | 897 | ||||||
| Community Bankers Trust* |
281,878 | 2,481 | ||||||
| Curo Group Holdings* |
78,814 | 2,383 | ||||||
| Customers Bancorp* |
70,375 | 1,656 | ||||||
| CVB Financial |
214,372 | 4,785 | ||||||
| Dime Community Bancshares |
9,319 | 166 | ||||||
| Donnelley Financial Solutions* |
9,884 | 177 | ||||||
| Eagle Bancorp Montana |
34,296 | 622 | ||||||
| eHealth* |
4,800 | 136 | ||||||
| Employers Holdings |
9,191 | 416 | ||||||
| Encore Capital Group* |
7,432 | 266 | ||||||
| Enova International* |
9,962 | 287 | ||||||
| Entegra Financial* |
31,538 | 837 | ||||||
| Evans Bancorp |
39,731 | 1,865 | ||||||
| EZCORP, Cl A* |
15,334 | 164 | ||||||
| FB Financial |
79,087 | 3,099 | ||||||
| Fidelity Southern |
6,114 | 152 | ||||||
| First BanCorp* |
62,950 | 573 | ||||||
| First Bancorp NC |
33,898 | 1,373 | ||||||
| First Busey |
67,518 | 2,096 | ||||||
| First Commonwealth Financial |
28,271 | 456 | ||||||
| First Community |
54,515 | 1,319 | ||||||
| First Financial Bancorp |
71,753 | 2,131 | ||||||
| First Financial Bankshares |
19,419 | 1,148 | ||||||
| First Hawaiian |
99,295 | 2,697 | ||||||
| First Horizon National |
178,294 | 3,077 | ||||||
| First Internet Bancorp |
94,729 | 2,884 | ||||||
| First Midwest Bancorp |
29,326 | 780 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| FirstCash |
12,752 | $ | 1,046 | |||||
| FNB |
339,717 | 4,321 | ||||||
| Franklin Financial Network* |
3,600 | 141 | ||||||
| Glacier Bancorp |
24,321 | 1,048 | ||||||
| Granite Point Mortgage Trust‡ |
12,000 | 231 | ||||||
| Great Western Bancorp |
16,963 | 716 | ||||||
| Green Bancorp |
56,835 | 1,256 | ||||||
| Green Dot, Cl A* |
82,798 | 7,354 | ||||||
| Greenhill |
5,609 | 148 | ||||||
| Guaranty Bancorp |
99,792 | 2,964 | ||||||
| Guaranty Bancshares |
23,887 | 722 | ||||||
| Hanmi Financial |
9,474 | 236 | ||||||
| Hannon Armstrong Sustainable Infrastructure Capital‡ |
121,514 | 2,609 | ||||||
| HCI Group |
2,200 | 96 | ||||||
| Heritage Commerce |
62,290 | 929 | ||||||
| Heritage Financial |
9,700 | 341 | ||||||
| HomeStreet* |
7,697 | 204 | ||||||
| Hope Bancorp |
35,742 | 578 | ||||||
| Horace Mann Educators |
30,027 | 1,348 | ||||||
| IBERIABANK |
40,946 | 3,331 | ||||||
| Independent Bank |
7,821 | 646 | ||||||
| International. FCStone* |
4,416 | 213 | ||||||
| Invesco Mortgage Capital‡ |
31,440 | 497 | ||||||
| Investar Holding |
37,567 | 1,009 | ||||||
| Investment Technology Group |
9,727 | 211 | ||||||
| James River Group Holdings |
86,110 | 3,670 | ||||||
| Kemper |
25,360 | 2,040 | ||||||
| LegacyTexas Financial Group |
12,981 | 553 | ||||||
| LPL Financial Holdings |
25,330 | 1,634 | ||||||
| Maiden Holdings |
20,065 | 57 | ||||||
| Meta Financial Group |
2,644 | 219 | ||||||
| MSCI, Cl A |
5,455 | 968 | ||||||
| National Bank Holdings, Cl A |
87,174 | 3,282 | ||||||
| Navigators Group |
6,553 | 453 | ||||||
| NBT Bancorp |
12,423 | 477 | ||||||
| New York Mortgage Trust‡ |
39,545 | 240 | ||||||
| NMI Holdings, Cl A* |
18,990 | 430 | ||||||
| Northfield Bancorp |
13,347 | 212 | ||||||
| Northwest Bancshares |
29,188 | 506 | ||||||
| OFG Bancorp |
12,709 | 205 | ||||||
| Old Line Bancshares |
37,650 | 1,191 | ||||||
| Old National Bancorp |
99,858 | 1,927 | ||||||
| Old Point Financial |
19,717 | 590 | ||||||
| Opus Bank |
71,395 | 1,956 | ||||||
| Oritani Financial |
11,563 | 180 | ||||||
| Orrstown Financial Services |
27,898 | 664 | ||||||
| Pacific City Financial |
11,575 | 224 | ||||||
| Pacific Premier Bancorp* |
13,060 | 486 | ||||||
| PacWest Bancorp |
30,263 | 1,442 | ||||||
| PennyMac Mortgage Investment Trust‡ |
17,340 | 351 | ||||||
| Piper Jaffray |
4,389 | 335 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| PRA Group* |
12,893 | $ | 464 | |||||
| Preferred Bank |
3,985 | 233 | ||||||
| Primerica |
40,650 | 4,900 | ||||||
| ProAssurance |
15,195 | 713 | ||||||
| Prosperity Bancshares |
63,236 | 4,385 | ||||||
| Provident Financial Services |
17,758 | 436 | ||||||
| Redwood Trust‡ |
23,800 | 387 | ||||||
| Reliant Bancorp |
27,925 | 714 | ||||||
| RLI |
11,088 | 871 | ||||||
| S&T Bancorp |
9,884 | 429 | ||||||
| Safety Insurance Group |
4,063 | 364 | ||||||
| Sandy Spring Bancorp |
77,032 | 3,028 | ||||||
| Seacoast Banking Corp of Florida* |
13,600 | 397 | ||||||
| Selective Insurance Group |
16,959 | 1,077 | ||||||
| ServisFirst Bancshares |
13,145 | 515 | ||||||
| Shore Bancshares |
80,574 | 1,436 | ||||||
| Sierra Bancorp |
23,559 | 681 | ||||||
| Simmons First National, Cl A |
26,235 | 773 | ||||||
| SmartFinancial* |
84,161 | 1,982 | ||||||
| Solar Capital |
55,216 | 1,181 | ||||||
| Southern First Bancshares* |
44,585 | 1,752 | ||||||
| Southern National Bancorp of Virginia |
121,976 | 1,976 | ||||||
| Southside Bancshares |
9,624 | 335 | ||||||
| State Auto Financial |
34,398 | 1,051 | ||||||
| Sterling Bancorp |
39,830 | 450 | ||||||
| Stewart Information Services |
6,813 | 307 | ||||||
| SVB Financial Group* |
10,322 | 3,208 | ||||||
| TCF Financial |
57,555 | 1,370 | ||||||
| Texas Capital Bancshares* |
8,310 | 687 | ||||||
| Third Point Reinsurance* |
23,123 | 301 | ||||||
| Tompkins Financial |
3,495 | 284 | ||||||
| TriCo Bancshares |
93,758 | 3,621 | ||||||
| Triumph Bancorp* |
6,800 | 260 | ||||||
| Trupanion* |
24,637 | 880 | ||||||
| TrustCo Bank |
28,076 | 239 | ||||||
| Umpqua Holdings |
196,706 | 4,091 | ||||||
| United Community Banks |
22,882 | 638 | ||||||
| United Fire Group |
6,173 | 313 | ||||||
| United Insurance Holdings |
6,102 | 137 | ||||||
| Universal Insurance Holdings |
9,324 | 453 | ||||||
| Veritex Holdings* |
20,727 | 586 | ||||||
| Virtus Investment Partners |
2,057 | 234 | ||||||
| Waddell & Reed Financial, Cl A |
23,101 | 489 | ||||||
| Walker & Dunlop |
8,138 | 430 | ||||||
| WesBanco |
18,388 | 820 | ||||||
| Westamerica Bancorporation |
38,826 | 2,336 | ||||||
| Western Alliance Bancorp* |
21,345 | 1,214 | ||||||
| Wintrust Financial |
15,872 | 1,348 | ||||||
| WisdomTree Investments |
33,202 | 282 | ||||||
| World Acceptance* |
1,794 | 205 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Zions Bancorp |
30,014 | $ | 1,505 | |||||
|
|
|
|||||||
| 197,766 | ||||||||
|
|
|
|||||||
| Health Care – 14.6% |
||||||||
| ABIOMED* |
6,787 | 3,052 | ||||||
| Acadia Healthcare* |
46,103 | 1,623 | ||||||
| Aceto |
9,010 | 20 | ||||||
| Acorda Therapeutics* |
11,404 | 224 | ||||||
| Addus HomeCare* |
25,405 | 1,782 | ||||||
| Aerie Pharmaceuticals* |
50,779 | 3,125 | ||||||
| AMAG Pharmaceuticals* |
9,791 | 196 | ||||||
| Amedisys* |
24,465 | 3,057 | ||||||
| AMN Healthcare Services* |
13,557 | 742 | ||||||
| Amphastar Pharmaceuticals* |
9,777 | 188 | ||||||
| AngioDynamics* |
10,743 | 234 | ||||||
| ANI Pharmaceuticals* |
2,447 | 138 | ||||||
| Anika Therapeutics* |
4,299 | 181 | ||||||
| Array BioPharma* |
139,354 | 2,118 | ||||||
| Assertio Therapeutics* |
16,985 | 100 | ||||||
| Avanos Medical* |
28,465 | 1,950 | ||||||
| AxoGen* |
21,521 | 793 | ||||||
| Bio-Rad Laboratories, Cl A* |
9,071 | 2,839 | ||||||
| BioTelemetry* |
46,485 | 2,996 | ||||||
| Cambrex* |
30,253 | 2,069 | ||||||
| Cardiovascular Systems* |
31,960 | 1,251 | ||||||
| CareDx* |
38,685 | 1,116 | ||||||
| Charles River Laboratories International* |
12,115 | 1,630 | ||||||
| Chemed |
5,792 | 1,851 | ||||||
| Community Health Systems* |
31,174 | 108 | ||||||
| Computer Programs & Systems |
3,115 | 84 | ||||||
| CONMED |
29,793 | 2,360 | ||||||
| Corcept Therapeutics* |
30,436 | 427 | ||||||
| CorVel* |
2,800 | 169 | ||||||
| Cross Country Healthcare* |
128,981 | 1,126 | ||||||
| CryoLife* |
72,669 | 2,558 | ||||||
| CryoPort* |
40,669 | 521 | ||||||
| Cutera* |
4,000 | 130 | ||||||
| Cytokinetics* |
16,523 | 163 | ||||||
| DexCom* |
35,435 | 5,069 | ||||||
| Diplomat Pharmacy* |
16,385 | 318 | ||||||
| Eagle Pharmaceuticals* |
3,216 | 223 | ||||||
| Emergent BioSolutions* |
12,652 | 833 | ||||||
| Enanta Pharmaceuticals* |
4,553 | 389 | ||||||
| Encompass Health |
84,324 | 6,573 | ||||||
| Endo International* |
56,671 | 954 | ||||||
| Ensign Group |
14,072 | 534 | ||||||
| Envision Healthcare* |
45,528 | 2,082 | ||||||
| Evolent Health, Cl A* |
163,675 | 4,648 | ||||||
| Exact Sciences* |
15,195 | 1,199 | ||||||
| FibroGen* |
10,200 | 620 | ||||||
| GenMark Diagnostics* |
297,262 | 2,185 | ||||||
| Genomic Health* |
28,895 | 2,029 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Haemonetics* |
43,484 | $ | 4,982 | |||||
| HealthEquity* |
14,128 | 1,334 | ||||||
| HealthStream |
7,153 | 222 | ||||||
| Heron Therapeutics* |
16,300 | 516 | ||||||
| Heska* |
1,941 | 220 | ||||||
| HMS Holdings* |
129,684 | 4,255 | ||||||
| ICU Medical* |
4,080 | 1,154 | ||||||
| Innoviva* |
19,791 | 302 | ||||||
| Insulet* |
27,237 | 2,886 | ||||||
| Integer Holdings* |
30,464 | 2,527 | ||||||
| Intra-Cellular Therapies, Cl A* |
29,572 | 642 | ||||||
| Invacare |
9,943 | 145 | ||||||
| K2M Group Holdings* |
116,777 | 3,196 | ||||||
| Lannett* |
8,185 | 39 | ||||||
| Lantheus Holdings* |
11,177 | 167 | ||||||
| LeMaitre Vascular |
4,600 | 178 | ||||||
| LHC Group* |
8,360 | 861 | ||||||
| Ligand Pharmaceuticals* |
15,683 | 4,305 | ||||||
| LivaNova* |
16,960 | 2,103 | ||||||
| Loxo Oncology* |
4,450 | 760 | ||||||
| Luminex |
12,104 | 367 | ||||||
| Madrigal Pharmaceuticals* |
2,400 | 514 | ||||||
| Magellan Health* |
7,031 | 507 | ||||||
| Masimo* |
7,900 | 984 | ||||||
| Medicines* |
19,002 | 568 | ||||||
| MEDNAX* |
36,399 | 1,698 | ||||||
| Meridian Bioscience |
11,833 | 176 | ||||||
| Merit Medical Systems* |
95,374 | 5,861 | ||||||
| MiMedx Group* |
27,970 | 173 | ||||||
| Molina Healthcare* |
21,867 | 3,252 | ||||||
| Momenta Pharmaceuticals* |
22,555 | 593 | ||||||
| Myriad Genetics* |
20,403 | 939 | ||||||
| Natus Medical* |
9,560 | 341 | ||||||
| Neogen* |
14,793 | 1,058 | ||||||
| NeoGenomics* |
110,087 | 1,690 | ||||||
| Neurocrine Biosciences* |
22,948 | 2,821 | ||||||
| NextGen Healthcare* |
13,555 | 272 | ||||||
| Novocure* |
41,215 | 2,160 | ||||||
| Nuvectra* |
99,984 | 2,198 | ||||||
| Omnicell* |
11,305 | 813 | ||||||
| OraSure Technologies* |
111,117 | 1,717 | ||||||
| Orthofix Medical* |
5,371 | 310 | ||||||
| Owens & Minor |
17,640 | 291 | ||||||
| Oxford Immunotec Global* |
177,263 | 2,877 | ||||||
| Pacira Pharmaceuticals* |
26,485 | 1,302 | ||||||
| PetIQ, Cl A* |
53,655 | 2,109 | ||||||
| Phibro Animal Health, Cl A |
5,840 | 251 | ||||||
| Prestige Consumer Healthcare* |
40,594 | 1,538 | ||||||
| Progenics Pharmaceuticals* |
24,149 | 151 | ||||||
| Providence Service* |
27,590 | 1,856 | ||||||
| PTC Therapeutics* |
23,450 | 1,102 | ||||||
| Quidel* |
32,711 | 2,132 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Quorum Health* |
8,300 | $ | 49 | |||||
| R1 RCM* |
304,626 | 3,095 | ||||||
| REGENXBIO* |
8,474 | 640 | ||||||
| Repligen* |
11,266 | 625 | ||||||
| Sage Therapeutics* |
7,216 | 1,019 | ||||||
| Sarepta Therapeutics* |
18,181 | 2,936 | ||||||
| Select Medical Holdings* |
31,164 | 573 | ||||||
| Sientra* |
27,645 | 660 | ||||||
| Spectrum Pharmaceuticals* |
28,594 | 480 | ||||||
| STAAR Surgical* |
32,270 | 1,549 | ||||||
| Supernus Pharmaceuticals* |
14,826 | 746 | ||||||
| Surmodics* |
16,880 | 1,260 | ||||||
| Tabula Rasa HealthCare* |
25,570 | 2,076 | ||||||
| Tactile Systems Technology* |
17,580 | 1,249 | ||||||
| Tandem Diabetes Care* |
55,420 | 2,374 | ||||||
| Teladoc Health* |
35,039 | 3,026 | ||||||
| Tivity Health* |
11,564 | 372 | ||||||
| US Physical Therapy |
3,579 | 424 | ||||||
| Vanda Pharmaceuticals* |
15,000 | 344 | ||||||
| Varex Imaging* |
11,138 | 319 | ||||||
| Vericel* |
78,719 | 1,114 | ||||||
| ViewRay* |
152,927 | 1,431 | ||||||
| Viking Therapeutics* |
26,700 | 465 | ||||||
| WellCare Health Plans* |
16,562 | 5,308 | ||||||
| Wright Medical Group* |
73,054 | 2,120 | ||||||
|
|
|
|||||||
| 176,246 | ||||||||
|
|
|
|||||||
| Industrials – 18.8% |
||||||||
| AAON |
11,747 | 444 | ||||||
| AAR |
9,357 | 448 | ||||||
| ABM Industries |
125,333 | 4,042 | ||||||
| Actuant, Cl A |
17,576 | 490 | ||||||
| Advanced Disposal Services* |
73,850 | 2,000 | ||||||
| Aegion, Cl A* |
9,519 | 242 | ||||||
| AerCap Holdings* |
43,785 | 2,518 | ||||||
| Aerojet Rocketdyne Holdings* |
20,072 | 682 | ||||||
| Aerovironment* |
6,111 | 685 | ||||||
| Air Transport Services Group* |
142,372 | 3,057 | ||||||
| Alamo Group |
2,757 | 253 | ||||||
| Albany International, Cl A |
32,023 | 2,546 | ||||||
| Allegiant Travel, Cl A |
3,677 | 466 | ||||||
| Altra Industrial Motion |
33,935 | 1,402 | ||||||
| American Woodmark* |
4,576 | 359 | ||||||
| AMETEK |
17,296 | 1,368 | ||||||
| Apogee Enterprises |
71,302 | 2,946 | ||||||
| Applied Industrial Technologies |
11,005 | 861 | ||||||
| ArcBest |
17,605 | 855 | ||||||
| ASGN* |
60,896 | 4,807 | ||||||
| Astec Industries |
6,648 | 335 | ||||||
| Atlas Air Worldwide Holdings* |
7,356 | 469 | ||||||
| Axon Enterprise* |
16,594 | 1,136 | ||||||
| AZZ |
80,090 | 4,045 | ||||||
| Barnes Group |
42,278 | 3,003 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Brady, Cl A |
13,948 | $ | 610 | |||||
| Briggs & Stratton |
11,926 | 229 | ||||||
| CAI International* |
67,417 | 1,542 | ||||||
| Casella Waste Systems, Cl A* |
71,444 | 2,219 | ||||||
| Celadon Group* |
339,121 | 950 | ||||||
| Chart Industries* |
52,175 | 4,087 | ||||||
| CIRCOR International |
5,543 | 263 | ||||||
| Clean Harbors* |
19,345 | 1,385 | ||||||
| Columbus McKinnon |
51,991 | 2,056 | ||||||
| Comfort Systems USA |
10,543 | 595 | ||||||
| Commercial Vehicle Group* |
152,022 | 1,393 | ||||||
| Construction Partners, Cl A* |
187,980 | 2,275 | ||||||
| Covanta Holding |
90,473 | 1,470 | ||||||
| Covenant Transportation Group, |
87,911 | 2,555 | ||||||
| CPI Aerostructures* |
165,592 | 1,383 | ||||||
| Cubic |
33,522 | 2,449 | ||||||
| Daseke* |
105,881 | 849 | ||||||
| DXP Enterprises* |
30,348 | 1,216 | ||||||
| Dycom Industries* |
25,306 | 2,141 | ||||||
| Echo Global Logistics* |
8,349 | 258 | ||||||
| EMCOR Group |
58,280 | 4,377 | ||||||
| Encore Wire |
5,978 | 299 | ||||||
| EnerSys |
10,070 | 877 | ||||||
| Engility Holdings* |
5,113 | 184 | ||||||
| EnPro Industries |
6,054 | 442 | ||||||
| Equifax |
24,384 | 3,184 | ||||||
| ESCO Technologies |
7,378 | 502 | ||||||
| Essendant |
9,625 | 123 | ||||||
| Exponent |
15,002 | 804 | ||||||
| Federal Signal |
17,466 | 468 | ||||||
| Forrester Research |
2,811 | 129 | ||||||
| Forward Air |
8,449 | 606 | ||||||
| Franklin Electric |
11,244 | 531 | ||||||
| FTI Consulting* |
10,877 | 796 | ||||||
| GATX |
55,220 | 4,781 | ||||||
| Genesee & Wyoming, Cl A* |
22,970 | 2,090 | ||||||
| Gibraltar Industries* |
9,216 | 420 | ||||||
| GrafTech International |
83,625 | 1,632 | ||||||
| Granite Construction |
104,129 | 4,759 | ||||||
| Greenbrier |
9,141 | 549 | ||||||
| Griffon |
130,525 | 2,108 | ||||||
| Harsco* |
74,084 | 2,115 | ||||||
| Hawaiian Holdings |
14,419 | 578 | ||||||
| Heartland Express |
13,416 | 265 | ||||||
| Heidrick & Struggles International |
5,400 | 183 | ||||||
| Hexcel |
18,615 | 1,248 | ||||||
| Hillenbrand |
17,690 | 925 | ||||||
| HNI |
66,300 | 2,933 | ||||||
| Hub Group, Cl A* |
100,634 | 4,589 | ||||||
| Huron Consulting Group* |
6,279 | 310 | ||||||
| InnerWorkings* |
204,643 | 1,621 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Insperity |
11,015 | $ | 1,299 | |||||
| Insteel Industries |
4,985 | 179 | ||||||
| Interface, Cl A |
121,041 | 2,826 | ||||||
| ITT |
101,530 | 6,220 | ||||||
| John Bean Technologies |
9,022 | 1,076 | ||||||
| Kaman |
7,942 | 530 | ||||||
| KBR |
402,021 | 8,495 | ||||||
| Kelly Services, Cl A |
9,054 | 218 | ||||||
| Korn |
28,911 | 1,424 | ||||||
| Lindsay |
3,071 | 308 | ||||||
| LSC Communications |
9,476 | 105 | ||||||
| Lydall* |
4,962 | 214 | ||||||
| Marten Transport |
125,379 | 2,639 | ||||||
| Matson |
12,286 | 487 | ||||||
| Matthews International, Cl A |
39,951 | 2,004 | ||||||
| McGrath RentCorp |
56,390 | 3,072 | ||||||
| Mercury Systems* |
61,533 | 3,404 | ||||||
| Milacron Holdings* |
215,001 | 4,354 | ||||||
| Mobile Mini |
12,681 | 556 | ||||||
| Moog, Cl A |
60,796 | 5,227 | ||||||
| Mueller Industries |
156,799 | 4,544 | ||||||
| Mueller Water Products, Cl A |
211,059 | 2,429 | ||||||
| Multi-Color |
4,081 | 254 | ||||||
| MYR Group* |
4,538 | 148 | ||||||
| National Presto Industries |
1,452 | 188 | ||||||
| Navigant Consulting |
13,063 | 301 | ||||||
| NN |
86,985 | 1,357 | ||||||
| NV5 Global* |
20,660 | 1,791 | ||||||
| Orion Group Holdings* |
8,400 | 63 | ||||||
| Oshkosh |
54,190 | 3,860 | ||||||
| Patrick Industries* |
6,801 | 403 | ||||||
| PGT Innovations* |
16,602 | 359 | ||||||
| Powell Industries |
2,510 | 91 | ||||||
| Primoris Services |
56,666 | 1,406 | ||||||
| Proto Labs* |
7,727 | 1,250 | ||||||
| Quanex Building Products |
10,193 | 185 | ||||||
| Raven Industries |
10,405 | 476 | ||||||
| Resources Connection |
8,100 | 134 | ||||||
| Revolution Lighting Technologies* |
231,829 | 658 | ||||||
| Robert Half International |
22,734 | 1,600 | ||||||
| RR Donnelley & Sons |
19,700 | 106 | ||||||
| Saia* |
7,301 | 558 | ||||||
| Simpson Manufacturing |
88,982 | 6,448 | ||||||
| SkyWest |
14,996 | 883 | ||||||
| SP Plus* |
55,834 | 2,038 | ||||||
| SPX* |
12,456 | 415 | ||||||
| SPX FLOW* |
12,090 | 629 | ||||||
| Standex International |
3,626 | 378 | ||||||
| Steelcase, Cl A |
257,993 | 4,773 | ||||||
| Team* |
86,179 | 1,939 | ||||||
| Tennant |
5,265 | 400 | ||||||
| Tetra Tech |
15,917 | 1,087 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Titan International |
15,181 | $ | 113 | |||||
| Titan Machinery* |
26,411 | 409 | ||||||
| TPI Composites* |
46,500 | 1,328 | ||||||
| TransUnion |
35,056 | 2,579 | ||||||
| Trex* |
16,862 | 1,298 | ||||||
| Triumph Group |
204,098 | 4,755 | ||||||
| TrueBlue* |
11,650 | 303 | ||||||
| Tutor Perini* |
114,822 | 2,159 | ||||||
| UniFirst |
4,440 | 771 | ||||||
| Universal Forest Products |
17,454 | 617 | ||||||
| US Ecology |
6,385 | 471 | ||||||
| US Xpress Enterprises, Cl A* |
176,678 | 2,438 | ||||||
| Veritiv* |
3,259 | 119 | ||||||
| Viad |
5,796 | 343 | ||||||
| Vicor* |
4,600 | 212 | ||||||
| Wabash National |
78,084 | 1,423 | ||||||
| Wabtec |
49,407 | 5,182 | ||||||
| WageWorks* |
11,202 | 479 | ||||||
| Watts Water Technologies, Cl A |
7,908 | 656 | ||||||
| YRC Worldwide* |
268,689 | 2,413 | ||||||
|
|
|
|||||||
| 227,668 | ||||||||
|
|
|
|||||||
| Information Technology – 14.5% |
||||||||
| 3D Systems* |
32,318 | 611 | ||||||
| 8x8* |
26,420 | 561 | ||||||
| ACI Worldwide* |
53,856 | 1,516 | ||||||
| ADTRAN |
171,148 | 3,021 | ||||||
| Advanced Energy Industries* |
37,738 | 1,949 | ||||||
| Advanced Micro Devices* |
65,385 | 2,020 | ||||||
| Agilysys* |
5,200 | 85 | ||||||
| Alarm.com Holdings* |
10,053 | 577 | ||||||
| Alpha & Omega Semiconductor* |
300 | 3 | ||||||
| Amkor Technology* |
472,560 | 3,492 | ||||||
| Anixter International* |
8,263 | 581 | ||||||
| Applied Optoelectronics* |
5,266 | 130 | ||||||
| Apptio, Cl A* |
49,840 | 1,842 | ||||||
| Aspen Technology* |
13,536 | 1,542 | ||||||
| Asure Software* |
27,328 | 339 | ||||||
| Axcelis Technologies* |
9,279 | 182 | ||||||
| Badger Meter |
36,166 | 1,915 | ||||||
| Bel Fuse, Cl B |
2,556 | 68 | ||||||
| Belden |
22,895 | 1,635 | ||||||
| Benchmark Electronics |
52,121 | 1,220 | ||||||
| Benefitfocus* |
30,020 | 1,214 | ||||||
| Blucora* |
55,644 | 2,240 | ||||||
| Bottomline Technologies* |
58,018 | 4,218 | ||||||
| Brooks Automation |
20,039 | 702 | ||||||
| Cabot Microelectronics |
7,306 | 754 | ||||||
| CACI International, Cl A* |
7,106 | 1,309 | ||||||
| CalAmp* |
88,255 | 2,115 | ||||||
| Carbonite* |
29,725 | 1,060 | ||||||
| Cardtronics* |
10,763 | 341 | ||||||
| CEVA* |
6,478 | 186 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Cohu |
8,460 | $ | 212 | |||||
| Comtech Telecommunications |
6,642 | 241 | ||||||
| Control4* |
7,576 | 260 | ||||||
| Cornerstone OnDemand* |
32,660 | 1,853 | ||||||
| CoStar Group* |
7,777 | 3,273 | ||||||
| Cray* |
11,591 | 249 | ||||||
| Cree* |
41,726 | 1,580 | ||||||
| CSG Systems International |
9,728 | 390 | ||||||
| CTS |
9,636 | 331 | ||||||
| Daktronics |
11,490 | 90 | ||||||
| Diebold Nixdorf |
21,000 | 94 | ||||||
| Digi International* |
7,616 | 102 | ||||||
| Diodes* |
11,435 | 381 | ||||||
| DSP Group* |
6,300 | 75 | ||||||
| Ebix |
6,531 | 517 | ||||||
| Electro Scientific Industries* |
9,745 | 170 | ||||||
| Electronics For Imaging* |
202,706 | 6,908 | ||||||
| eMagin* |
473,097 | 710 | ||||||
| ePlus* |
3,948 | 366 | ||||||
| Euronet Worldwide* |
28,994 | 2,906 | ||||||
| Everi Holdings* |
187,428 | 1,719 | ||||||
| EVERTEC |
88,590 | 2,135 | ||||||
| ExlService Holdings* |
9,774 | 647 | ||||||
| Extreme Networks* |
33,170 | 182 | ||||||
| Fabrinet* |
10,359 | 479 | ||||||
| FARO Technologies* |
4,864 | 313 | ||||||
| Finisar* |
33,875 | 645 | ||||||
| Five9* |
85,857 | 3,751 | ||||||
| FLIR Systems |
56,951 | 3,501 | ||||||
| FormFactor* |
20,500 | 282 | ||||||
| Gartner* |
3,971 | 629 | ||||||
| GoDaddy, Cl A* |
15,556 | 1,297 | ||||||
| Harmonic* |
25,727 | 141 | ||||||
| Ichor Holdings* |
6,900 | 141 | ||||||
| II-VI* |
16,704 | 790 | ||||||
| Infinera* |
52,314 | 382 | ||||||
| Insight Enterprises* |
25,441 | 1,376 | ||||||
| Integrated Device Technology* |
18,628 | 876 | ||||||
| InterXion Holding* |
30,415 | 2,047 | ||||||
| Itron* |
41,030 | 2,634 | ||||||
| KEMET* |
16,621 | 308 | ||||||
| Keysight Technologies* |
19,897 | 1,319 | ||||||
| Knowles* |
108,674 | 1,806 | ||||||
| Kopin* |
18,000 | 44 | ||||||
| Kulicke & Soffa Industries |
19,450 | 464 | ||||||
| LivePerson* |
69,181 | 1,795 | ||||||
| ManTech International, Cl A |
38,909 | 2,463 | ||||||
| MaxLinear, Cl A* |
17,688 | 352 | ||||||
| Methode Electronics |
10,679 | 387 | ||||||
| MicroStrategy, Cl A* |
2,739 | 385 | ||||||
| Mimecast* |
62,272 | 2,608 | ||||||
| MongoDB, Cl A* |
21,088 | 1,720 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Monotype Imaging Holdings |
12,342 | $ | 249 | |||||
| MTS Systems |
16,927 | 927 | ||||||
| Nanometrics* |
6,945 | 261 | ||||||
| NCR* |
133,710 | 3,799 | ||||||
| NETGEAR* |
9,125 | 574 | ||||||
| New Relic* |
9,025 | 850 | ||||||
| NIC |
18,973 | 281 | ||||||
| Novanta* |
50,295 | 3,440 | ||||||
| Nutanix, Cl A* |
33,892 | 1,448 | ||||||
| Oclaro* |
48,082 | 430 | ||||||
| OneSpan* |
8,687 | 165 | ||||||
| OSI Systems* |
4,906 | 374 | ||||||
| Park Electrochemical |
5,678 | 111 | ||||||
| Paylocity Holding* |
15,955 | 1,282 | ||||||
| PDF Solutions* |
8,200 | 74 | ||||||
| Perficient* |
10,028 | 267 | ||||||
| Photronics* |
20,428 | 201 | ||||||
| Plexus* |
9,171 | 537 | ||||||
| Power Integrations |
8,401 | 531 | ||||||
| Progress Software |
12,941 | 457 | ||||||
| PTC* |
20,912 | 2,221 | ||||||
| Pure Storage, Cl A* |
77,888 | 2,021 | ||||||
| Q2 Holdings* |
22,851 | 1,384 | ||||||
| Qualys* |
9,602 | 856 | ||||||
| Rambus* |
31,379 | 342 | ||||||
| Rapid7* |
62,420 | 2,305 | ||||||
| RealPage* |
31,085 | 2,048 | ||||||
| RingCentral, Cl A* |
55,952 | 5,206 | ||||||
| Rogers* |
15,843 | 2,334 | ||||||
| Rudolph Technologies* |
9,295 | 227 | ||||||
| Sanmina* |
19,489 | 538 | ||||||
| ScanSource* |
7,302 | 291 | ||||||
| Semtech* |
101,958 | 5,669 | ||||||
| SolarEdge Technologies* |
12,367 | 466 | ||||||
| SPS Commerce* |
18,469 | 1,833 | ||||||
| Sykes Enterprises* |
11,592 | 353 | ||||||
| Teradyne |
51,715 | 1,912 | ||||||
| TiVo |
75,678 | 942 | ||||||
| Trade Desk, Cl A* |
5,845 | 882 | ||||||
| Travelport Worldwide |
35,645 | 601 | ||||||
| TTEC Holdings |
3,988 | 103 | ||||||
| TTM Technologies* |
26,219 | 417 | ||||||
| Twilio, Cl A* |
21,650 | 1,868 | ||||||
| Ultimate Software Group* |
9,435 | 3,040 | ||||||
| Ultra Clean Holdings* |
11,058 | 139 | ||||||
| Unisys* |
14,400 | 294 | ||||||
| Upland Software* |
45,287 | 1,463 | ||||||
| USA Technologies* |
87,740 | 632 | ||||||
| Veeco Instruments* |
13,743 | 141 | ||||||
| Viavi Solutions* |
65,238 | 740 | ||||||
| Virtusa* |
7,955 | 427 | ||||||
| Vishay Intertechnology |
190,330 | 3,873 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| WEX* |
12,289 | $ | 2,467 | |||||
| Xperi |
292,557 | 4,344 | ||||||
| Zebra Technologies, Cl A* |
28,746 | 5,083 | ||||||
| Zendesk* |
90,552 | 6,429 | ||||||
|
|
|
|||||||
| 175,903 | ||||||||
|
|
|
|||||||
| Materials – 5.2% |
||||||||
| AdvanSix* |
8,686 | 295 | ||||||
| AK Steel Holding* |
91,909 | 450 | ||||||
| Alamos Gold, Cl A |
74,007 | 341 | ||||||
| American Vanguard |
7,243 | 130 | ||||||
| AptarGroup |
42,160 | 4,542 | ||||||
| Avery Dennison |
34,535 | 3,742 | ||||||
| Balchem |
9,217 | 1,033 | ||||||
| Bemis |
113,615 | 5,522 | ||||||
| Boise Cascade |
11,205 | 412 | ||||||
| Century Aluminum* |
14,792 | 177 | ||||||
| Clearwater Paper* |
4,472 | 133 | ||||||
| Codexis* |
79,340 | 1,361 | ||||||
| Commercial Metals |
68,228 | 1,400 | ||||||
| Compass Minerals International |
75,653 | 5,084 | ||||||
| Ferroglobe |
158,983 | 1,299 | ||||||
| Flotek Industries* |
15,698 | 38 | ||||||
| FutureFuel |
7,538 | 140 | ||||||
| Hawkins |
2,681 | 111 | ||||||
| Haynes International |
3,365 | 119 | ||||||
| HB Fuller |
14,594 | 754 | ||||||
| Ingevity* |
32,924 | 3,354 | ||||||
| Innophos Holdings |
60,447 | 2,684 | ||||||
| Innospec |
7,051 | 541 | ||||||
| Kaiser Aluminum |
4,760 | 519 | ||||||
| KapStone Paper and Packaging |
25,425 | 862 | ||||||
| Koppers Holdings* |
6,220 | 194 | ||||||
| Kraton* |
43,430 | 2,048 | ||||||
| LSB Industries* |
4,985 | 49 | ||||||
| Materion |
5,713 | 346 | ||||||
| Myers Industries |
10,200 | 237 | ||||||
| Neenah |
4,864 | 420 | ||||||
| Olympic Steel |
2,849 | 59 | ||||||
| PH Glatfelter |
135,522 | 2,590 | ||||||
| Quaker Chemical |
3,874 | 783 | ||||||
| Rayonier Advanced Materials |
14,582 | 269 | ||||||
| Ryerson Holding* |
223,298 | 2,523 | ||||||
| Schweitzer-Mauduit International |
8,962 | 343 | ||||||
| Scotts Miracle-Gro, Cl A |
18,872 | 1,486 | ||||||
| Silgan Holdings |
207,976 | 5,782 | ||||||
| Stepan |
5,777 | 503 | ||||||
| SunCoke Energy* |
18,367 | 213 | ||||||
| TimkenSteel* |
132,030 | 1,963 | ||||||
| Tredegar |
7,154 | 155 | ||||||
| US Concrete* |
4,417 | 202 | ||||||
| US Silica Holdings |
21,910 | 413 | ||||||
| Valvoline |
291,757 | 6,276 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Venator Materials* |
150,181 | $ | 1,352 | |||||
|
|
|
|||||||
| 63,249 | ||||||||
|
|
|
|||||||
| Real Estate – 3.1% |
||||||||
| Acadia Realty Trust‡ |
23,112 | 648 | ||||||
| Agree Realty‡ |
8,766 | 466 | ||||||
| American Assets Trust‡ |
10,983 | 409 | ||||||
| Armada Hoffler Properties‡ |
14,439 | 218 | ||||||
| CareTrust‡ |
23,127 | 410 | ||||||
| CatchMark Timber Trust, Cl A‡ |
143,836 | 1,644 | ||||||
| CBL & Associates Properties‡ |
50,045 | 200 | ||||||
| Cedar Realty Trust‡ |
23,454 | 109 | ||||||
| Chatham Lodging Trust‡ |
13,105 | 274 | ||||||
| Chesapeake Lodging Trust‡ |
17,171 | 551 | ||||||
| Community Healthcare Trust‡ |
54,397 | 1,685 | ||||||
| DiamondRock Hospitality‡ |
59,006 | 689 | ||||||
| Easterly Government Properties‡ |
101,563 | 1,967 | ||||||
| EastGroup Properties‡ |
10,265 | 981 | ||||||
| Four Corners Property Trust‡ |
19,422 | 499 | ||||||
| Franklin Street Properties‡ |
30,760 | 246 | ||||||
| GEO Group‡ |
93,707 | 2,358 | ||||||
| Getty Realty‡ |
9,368 | 267 | ||||||
| Global Net Lease‡ |
20,040 | 418 | ||||||
| Government Properties Income Trust‡ |
27,921 | 315 | ||||||
| Hersha Hospitality Trust, Cl A‡ |
10,487 | 238 | ||||||
| HFF, Cl A |
11,322 | 481 | ||||||
| Independence Realty Trust‡ |
25,366 | 267 | ||||||
| Innovative Industrial Properties, Cl A‡ |
8,372 | 404 | ||||||
| iStar‡ |
19,300 | 216 | ||||||
| Jernigan Capital‡ |
34,233 | 660 | ||||||
| Kite Realty Group Trust‡ |
24,391 | 406 | ||||||
| Lexington Realty Trust‡ |
61,422 | 510 | ||||||
| LTC Properties‡ |
11,199 | 494 | ||||||
| MedEquities Realty Trust‡ |
135,697 | 1,319 | ||||||
| National Storage Affiliates Trust‡ |
16,112 | 410 | ||||||
| Outfront Media‡ |
170,528 | 3,402 | ||||||
| Pennsylvania‡ |
18,628 | 176 | ||||||
| PS Business Parks‡ |
5,664 | 720 | ||||||
| QTS Realty Trust, Cl A‡ |
59,391 | 2,534 | ||||||
| Ramco-Gershenson Properties Trust‡ |
22,925 | 312 | ||||||
| RE/MAX Holdings, Cl A |
4,924 | 218 | ||||||
| Retail Opportunity Investments‡ |
164,394 | 3,069 | ||||||
| RLJ Lodging Trust‡ |
92,457 | 2,037 | ||||||
| Sabra Health Care‡ |
59,095 | 1,366 | ||||||
| Saul Centers‡ |
3,347 | 187 | ||||||
| STAG Industrial‡ |
52,896 | 1,455 | ||||||
| Summit Hotel Properties‡ |
30,470 | 412 | ||||||
| Taubman Centers‡ |
15,676 | 938 | ||||||
| Universal Health Realty Income Trust‡ |
3,639 | 271 | ||||||
KP Small Cap Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Urstadt Biddle Properties, Cl A‡ |
8,688 | $ | 185 | |||||
| Washington Prime Group‡ |
54,160 | 395 | ||||||
| Whitestone, Cl B‡ |
11,500 | 160 | ||||||
|
|
|
|||||||
| 37,596 | ||||||||
|
|
|
|||||||
| Utilities – 1.6% |
|
|||||||
| ALLETE |
31,072 | 2,331 | ||||||
| American States Water |
79,289 | 4,848 | ||||||
| AquaVenture Holdings* |
57,761 | 1,044 | ||||||
| Avista |
18,897 | 955 | ||||||
| California Water Service Group |
13,668 | 586 | ||||||
| El Paso Electric |
11,755 | 672 | ||||||
| Global Water Resources |
40,219 | 426 | ||||||
| Hawaiian Electric Industries |
40,400 | 1,438 | ||||||
| Northwest Natural Gas |
8,189 | 548 | ||||||
| South Jersey Industries |
24,263 | 856 | ||||||
| Spire |
54,488 | 4,007 | ||||||
| Unitil |
30,331 | 1,544 | ||||||
|
|
|
|||||||
| 19,255 | ||||||||
|
|
|
|||||||
| Total Common Stock |
|
1,164,229 | ||||||
|
|
|
|||||||
| Exchange Traded Funds — 0.3% |
|
|||||||
| iShares Russell 2000 ETF |
11,903 | 2,006 | ||||||
| iShares Russell 2000 Value ETF |
14,387 | 1,914 | ||||||
|
|
|
|||||||
| Total Exchange Traded Funds |
|
3,920 | ||||||
|
|
|
|||||||
| Rights — 0.0% |
|
|||||||
| Number of Rights |
||||||||
| A Schulman†* |
8,148 | 16 | ||||||
| Media General†* (B) |
9,318 | 1 | ||||||
| Tobira Therapeutics, Expires 12/31/2028* (B) |
900 | 11 | ||||||
|
|
|
|||||||
| Total Rights
|
|
28
|
| |||||
|
|
|
|||||||
| Short-Term Investment — 3.5% |
|
|||||||
| State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.950% (C) |
41,966,427 | 41,966 | ||||||
|
|
|
|||||||
| Total Short-Term Investment |
|
41,966 | ||||||
|
|
|
|||||||
| Total Investments In Securities — 100.1%
|
|
$
|
1,210,143
|
| ||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,208,491 (000).
A list of the open futures contracts held by the Fund at September 30, 2018, is as follows (000):
| Type of Contract |
Number of Contracts Long |
Expiration Date |
Notional Amount (Thousands) |
Value (Thousands) |
Unrealized Depreciation (Thousands) |
|||||||||||||||
| Russell 2000 Index E-MINI |
59 | Dec-2018 | $ 5,061 | $ 5,017 | $ (44) | |||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| † | Currently, expiration date is unavailable |
| (A) | Security considered Master Limited Partnership. At September 30, 2018, this security amounted to $504 (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 September 30, 2018 was $12 (000) and represented 0.0% of Net Assets. |
| (C) | The rate reported is the 7-day effective yield as of September 30, 2018. |
Cl — Class
ETF — Exchange Traded Fund
| Investments in |
Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
| Common Stock |
$ | 1,164,229 | $ — | $ — | $ | 1,164,229 | ||||||||||
| Exchange |
3,920 | — | — | 3,920 | ||||||||||||
| Rights |
16 | — | 12 | 28 | ||||||||||||
| Short-Term |
41,966 | — | — | 41,966 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
$ | 1,210,131 | $ — | $ 12 | $ | 1,210,143 | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Other Financial |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Futures |
$ | (44 | ) | $ — | $ — | $ | (44 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Other |
$ | (44 | ) | $ — | $ — | $ | (44 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
** 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 period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.
As of September 30, 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 September 30, 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.
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Shares
|
Value (000)
|
||||||
| Common Stock — 96.5% |
||||||||
| Argentina – 0.0% |
||||||||
| YPF ADR* |
51,132 | $ | 790 | |||||
|
|
|
|||||||
| Australia – 3.2% |
||||||||
| Abacus Property Group‡ |
18,673 | 46 | ||||||
| Accent Group |
15,190 | 18 | ||||||
| Adelaide Brighton |
23,763 | 106 | ||||||
| Afterpay Touch Group* |
7,116 | 92 | ||||||
| AGL Energy |
14,396 | 203 | ||||||
| Ainsworth Game Technology |
5,399 | 5 | ||||||
| ALS |
147,410 | 953 | ||||||
| Altium |
6,603 | 130 | ||||||
| Altura Mining* |
28,826 | 5 | ||||||
| Alumina |
414,187 | 829 | ||||||
| Amcor |
157,331 | 1,555 | ||||||
| AMP |
63,648 | 146 | ||||||
| Ansell |
7,979 | 146 | ||||||
| APA Group |
23,880 | 172 | ||||||
| APN Outdoor Group |
9,998 | 48 | ||||||
| Appen |
4,717 | 48 | ||||||
| ARB |
3,870 | 54 | ||||||
| Ardent Leisure Group |
23,455 | 30 | ||||||
| Aristocrat Leisure |
12,133 | 249 | ||||||
| Asaleo Care |
280,915 | 147 | ||||||
| ASX |
4,026 | 185 | ||||||
| Atlas Arteria |
36,559 | 184 | ||||||
| Aurizon Holdings |
44,643 | 133 | ||||||
| Ausdrill |
37,507 | 48 | ||||||
| AusNet Services |
33,807 | 40 | ||||||
| Austal |
12,906 | 18 | ||||||
| Australia & New Zealand Banking Group |
193,526 | 3,941 | ||||||
| Australian Agricultural* |
20,716 | 19 | ||||||
| Australian Pharmaceutical Industries |
19,473 | 24 | ||||||
| Automotive Holdings Group |
12,095 | 19 | ||||||
| Aventus Retail Property Fund‡ |
18,378 | 28 | ||||||
| Aveo Group |
21,860 | 32 | ||||||
| Bank of Queensland |
8,415 | 67 | ||||||
| Bapcor |
14,221 | 79 | ||||||
| Beach Energy |
89,102 | 138 | ||||||
| Bega Cheese |
8,574 | 42 | ||||||
| Bellamy’s Australia* |
4,944 | 37 | ||||||
| Bendigo & Adelaide Bank |
9,983 | 78 | ||||||
| BHP Billiton |
85,366 | 2,137 | ||||||
| Bingo Industries |
22,244 | 50 | ||||||
| Blackmores |
676 | 65 | ||||||
| BlueScope Steel |
80,204 | 984 | ||||||
| Boral |
24,940 | 125 | ||||||
| Brambles |
106,132 | 836 | ||||||
| Breville Group |
4,591 | 43 | ||||||
| Brickworks |
4,260 | 54 | ||||||
| BWP Trust‡ |
30,570 | 74 | ||||||
| BWX |
5,827 | 15 | ||||||
| Caltex Australia |
19,541 | 422 | ||||||
| carsales.com |
61,381 | 642 | ||||||
| Cedar Woods Properties |
2,399 | 10 | ||||||
| Centuria Industrial‡ |
11,602 | 24 | ||||||
| Challenger |
11,360 | 92 | ||||||
| Charter Hall Group‡ |
25,143 | 130 | ||||||
|
Description
|
Shares
|
Value (000)
|
||||||
| Charter Hall Long Wale‡ |
8,366 | $ | 25 | |||||
| Charter Hall Retail‡ |
19,876 | 61 | ||||||
| CIMIC Group |
2,071 | 77 | ||||||
| Clean TeQ Holdings* |
20,731 | 8 | ||||||
| Cleanaway Waste Management |
894,604 | 1,217 | ||||||
| Coca-Cola Amatil |
125,847 | 888 | ||||||
| Cochlear |
1,204 | 174 | ||||||
| Collins Foods |
5,344 | 24 | ||||||
| Commonwealth Bank of Australia |
37,235 | 1,922 | ||||||
| Computershare |
10,112 | 146 | ||||||
| Corporate Travel Management |
4,238 | 94 | ||||||
| Costa Group Holdings |
15,403 | 80 | ||||||
| Credit Group |
2,528 | 40 | ||||||
| Cromwell Property Group‡ |
74,113 | 57 | ||||||
| Crown Resorts |
8,200 | 81 | ||||||
| CSL |
9,486 | 1,379 | ||||||
| CSR |
27,963 | 76 | ||||||
| Dexus‡ |
20,675 | 158 | ||||||
| Domain Holdings Australia |
97,748 | 247 | ||||||
| Domino’s Pizza Enterprises |
1,173 | 45 | ||||||
| Downer EDI |
33,107 | 189 | ||||||
| DuluxGroup |
101,783 | 564 | ||||||
| Eclipx Group |
18,776 | 35 | ||||||
| Elders |
5,739 | 29 | ||||||
| Estia Health |
12,273 | 21 | ||||||
| Evolution Mining |
67,036 | 128 | ||||||
| Fairfax Media |
698,061 | 416 | ||||||
| FlexiGroup |
14,134 | 20 | ||||||
| Flight Centre Travel Group |
1,077 | 41 | ||||||
| Folkestone Education Trust‡ |
12,341 | 25 | ||||||
| Fortescue Metals Group |
30,354 | 86 | ||||||
| Freedom Foods Group |
3,820 | 17 | ||||||
| G8 Education |
21,495 | 31 | ||||||
| Galaxy Resources* |
18,998 | 34 | ||||||
| Gateway Lifestyle |
16,799 | 27 | ||||||
| GDI Property Group‡ |
30,327 | 29 | ||||||
| Genworth Mortgage Insurance Australia |
14,780 | 26 | ||||||
| Goodman Group‡ |
34,694 | 260 | ||||||
| GPT Group‡ |
38,126 | 144 | ||||||
| GrainCorp, Cl A |
12,152 | 69 | ||||||
| Greencross |
4,776 | 15 | ||||||
| Growthpoint Properties Australia‡ |
14,433 | 41 | ||||||
| GUD Holdings |
57,776 | 605 | ||||||
| GWA Group |
18,529 | 42 | ||||||
| Hansen Technologies |
6,846 | 18 | ||||||
| Harvey Norman Holdings |
13,109 | 34 | ||||||
| Healthscope |
33,196 | 50 | ||||||
| HT&E |
13,604 | 30 | ||||||
| IDP Education |
7,325 | 54 | ||||||
| Iluka Resources |
23,235 | 167 | ||||||
| Incitec Pivot |
33,186 | 95 | ||||||
| Independence Group NL |
26,973 | 91 | ||||||
| Infigen Energy* |
49,136 | 21 | ||||||
| Inghams Group |
12,945 | 36 | ||||||
| Insurance Australia Group |
49,234 | 261 | ||||||
| Integrated Research |
5,376 | 11 | ||||||
| Investa Office Fund‡ |
26,337 | 105 | ||||||
| InvoCare |
5,573 | 50 | ||||||
| IOOF Holdings |
17,758 | 104 | ||||||
| IPH |
60,298 | 262 | ||||||
| IRESS |
7,670 | 71 | ||||||
| James Hardie Industries |
9,002 | 136 | ||||||
| Japara Healthcare |
11,253 | 11 | ||||||
| JB Hi-Fi |
6,477 | 118 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Karoon Gas Australia* |
10,804 | $ | 9 | |||||
| Kidman Resources* |
15,534 | 12 | ||||||
| Kogan.com |
2,439 | 10 | ||||||
| Lend Lease Group |
12,172 | 173 | ||||||
| Link Administration Holdings |
27,459 | 154 | ||||||
| Lynas* |
32,277 | 37 | ||||||
| Macquarie Group |
6,823 | 622 | ||||||
| Magellan Financial Group |
6,786 | 136 | ||||||
| Mayne Pharma Group* |
80,663 | 76 | ||||||
| McMillan Shakespeare |
3,811 | 47 | ||||||
| Medibank |
61,913 | 130 | ||||||
| Mesoblast* |
16,915 | 26 | ||||||
| Metcash |
186,285 | 404 | ||||||
| Mineral Resources |
8,993 | 103 | ||||||
| Mirvac Group‡ |
81,118 | 141 | ||||||
| Moelis Australia |
1,928 | 8 | ||||||
| Monadelphous Group |
4,546 | 53 | ||||||
| Myer Holdings |
38,418 | 14 | ||||||
| MYOB Group |
24,095 | 53 | ||||||
| Nanosonics* |
14,941 | 39 | ||||||
| National Australia Bank |
123,188 | 2,476 | ||||||
| National Storage‡ |
38,779 | 47 | ||||||
| Navitas |
12,319 | 40 | ||||||
| Netwealth Group |
3,722 | 21 | ||||||
| Newcrest Mining |
58,225 | 817 | ||||||
| NEXTDC* |
17,424 | 82 | ||||||
| nib holdings |
23,741 | 100 | ||||||
| Nine Entertainment Holdings |
42,360 | 69 | ||||||
| Northern Star Resources |
33,627 | 202 | ||||||
| Nufarm |
12,548 | 61 | ||||||
| OFX Group |
10,103 | 17 | ||||||
| Oil Search |
27,677 | 181 | ||||||
| oOh!media |
15,275 | 57 | ||||||
| Orica |
138,882 | 1,710 | ||||||
| Origin Energy* |
38,473 | 230 | ||||||
| Orocobre* |
12,336 | 38 | ||||||
| Orora |
64,952 | 156 | ||||||
| OZ Minerals |
16,778 | 113 | ||||||
| Pact Group Holdings |
11,705 | 31 | ||||||
| Pendal Group |
14,878 | 95 | ||||||
| Perpetual |
2,404 | 74 | ||||||
| Pilbara Minerals* |
81,376 | 53 | ||||||
| Pinnacle Investment Management Group |
4,685 | 27 | ||||||
| Platinum Asset Management |
11,702 | 45 | ||||||
| Premier Investments |
5,104 | 68 | ||||||
| Primary Health Care |
33,231 | 73 | ||||||
| Pro Medicus |
2,160 | 19 | ||||||
| QBE Insurance Group |
111,042 | 892 | ||||||
| Qube Holdings |
73,918 | 146 | ||||||
| Ramsay Health Care |
3,007 | 120 | ||||||
| RCR Tomlinson |
7,447 | 6 | ||||||
| REA Group |
1,200 | 75 | ||||||
| Regis Healthcare |
9,607 | 20 | ||||||
| Regis Resources |
27,077 | 73 | ||||||
| Reliance Worldwide |
50,078 | 187 | ||||||
| Resolute Mining |
44,358 | 35 | ||||||
| Rio Tinto |
8,738 | 497 | ||||||
| Sandfire Resources NL |
8,287 | 45 | ||||||
| Santos |
38,992 | 205 | ||||||
| Saracen Mineral Holdings* |
38,988 | 53 | ||||||
| Scentre Group‡ |
113,350 | 326 | ||||||
| SEEK |
7,111 | 107 | ||||||
| Select Harvests |
5,630 | 22 | ||||||
| Seven Group Holdings |
5,914 | 97 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Seven West Media |
46,648 | $ | 34 | |||||
| SG Fleet Group |
4,472 | 12 | ||||||
| Shopping Centres Australasia Property Group‡ |
44,593 | 77 | ||||||
| Sigma Healthcare |
198,368 | 90 | ||||||
| Sims Metal Management |
9,659 | 88 | ||||||
| SmartGroup |
4,068 | 35 | ||||||
| Sonic Healthcare |
8,417 | 153 | ||||||
| South32 |
102,367 | 290 | ||||||
| Southern Cross Media Group |
39,666 | 37 | ||||||
| Spark Infrastructure Group |
93,771 | 152 | ||||||
| SpeedCast International |
12,121 | 35 | ||||||
| St. Barbara |
29,101 | 73 | ||||||
| Star Entertainment Grp |
44,124 | 166 | ||||||
| Steadfast Group |
44,944 | 93 | ||||||
| Stockland‡ |
52,332 | 157 | ||||||
| Suncorp Group |
26,958 | 282 | ||||||
| Super Retail Group |
6,649 | 43 | ||||||
| Sydney Airport |
24,280 | 121 | ||||||
| Syrah Resources* |
16,913 | 28 | ||||||
| Tabcorp Holdings |
42,659 | 150 | ||||||
| Tassal Group |
9,425 | 31 | ||||||
| Technology One |
12,851 | 52 | ||||||
| Telstra |
87,186 | 201 | ||||||
| TPG Telecom |
6,751 | 42 | ||||||
| Transurban Group |
54,798 | 445 | ||||||
| Treasury Wine Estates |
15,032 | 190 | ||||||
| Unibail-Rodamco-Westfield‡ * |
22,480 | 229 | ||||||
| Vicinity Centres‡ |
73,539 | 139 | ||||||
| Village Roadshow* |
4,038 | 7 | ||||||
| Virtus Health |
3,028 | 12 | ||||||
| Viva Energy‡ |
25,338 | 40 | ||||||
| Vocus Communications* |
32,193 | 76 | ||||||
| Washington H Soul Pattinson |
5,623 | 106 | ||||||
| Webjet |
4,926 | 55 | ||||||
| Wesfarmers |
23,851 | 858 | ||||||
| Western Areas |
16,329 | 31 | ||||||
| Westgold Resources* |
17,377 | 16 | ||||||
| Westpac Banking |
71,802 | 1,450 | ||||||
| Whitehaven Coal |
40,000 | 157 | ||||||
| WiseTech Global |
5,078 | 81 | ||||||
| Woodside Petroleum |
20,039 | 559 | ||||||
| Woolworths Group |
175,078 | 3,554 | ||||||
| WorleyParsons |
10,473 | 155 | ||||||
| WPP AUNZ |
14,271 | 9 | ||||||
|
|
|
|||||||
| 49,881 | ||||||||
|
|
|
|||||||
| Austria – 0.2% |
||||||||
| Agrana Beteiligungs |
652 | 15 | ||||||
| ANDRITZ |
4,949 | 289 | ||||||
| AT&S Austria Technologie & Systemtechnik |
1,415 | 33 | ||||||
| BAWAG Group |
2,088 | 97 | ||||||
| DO & CO |
293 | 26 | ||||||
| Erste Group Bank |
6,266 | 259 | ||||||
| EVN |
2,278 | 45 | ||||||
| FACC |
1,222 | 28 | ||||||
| Immobilien Anlagen |
3,352 | 120 | ||||||
| IMMOFINANZ* |
4,670 | 122 | ||||||
| Kapsch TrafficCom |
173 | 7 | ||||||
| Lenzing |
677 | 71 | ||||||
| Oesterreichische Post |
8,807 | 367 | ||||||
| OMV |
3,103 | 174 | ||||||
| POLYTEC Holding |
742 | 9 | ||||||
| Porr Ag |
491 | 15 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Raiffeisen Bank International |
3,190 | $ | 92 | |||||
| Rhi Magnesita |
1,300 | 81 | ||||||
| S IMMO |
2,508 | 50 | ||||||
| Schoeller-Bleckmann Oilfield Equipment |
570 | 63 | ||||||
| Semperit Holding |
396 | 7 | ||||||
| Telekom Austria, Cl A |
8,717 | 68 | ||||||
| UNIQA Insurance Group |
6,958 | 70 | ||||||
| Vienna Insurance Group Wiener Versicherung Gruppe |
2,049 | 58 | ||||||
| Voestalpine |
2,540 | 116 | ||||||
| Wienerberger |
28,578 | 714 | ||||||
| Zumtobel Group |
1,488 | 14 | ||||||
|
|
|
|||||||
| 3,010 | ||||||||
|
|
|
|||||||
| Belgium – 0.6% |
||||||||
| Ackermans & van Haaren |
1,289 | 224 | ||||||
| Aedifica‡ |
1,020 | 92 | ||||||
| Ageas |
3,868 | 208 | ||||||
| AGFA-Gevaert* |
8,255 | 38 | ||||||
| Anheuser-Busch InBev |
28,234 | 2,466 | ||||||
| Barco |
490 | 66 | ||||||
| Befimmo‡ |
1,222 | 70 | ||||||
| Bekaert |
1,854 | 46 | ||||||
| Biocartis* |
1,674 | 24 | ||||||
| bpost |
5,086 | 83 | ||||||
| Celyad* |
356 | 9 | ||||||
| Cie d’Entreprises CFE |
388 | 47 | ||||||
| Cofinimmo‡ * |
1,227 | 153 | ||||||
| Colruyt |
1,308 | 74 | ||||||
| D’ieteren |
1,278 | 56 | ||||||
| Econocom Group |
6,368 | 21 | ||||||
| Elia System Operator |
1,430 | 92 | ||||||
| Euronav |
8,211 | 71 | ||||||
| EVS Broadcast Equipment |
832 | 16 | ||||||
| Exmar* |
1,664 | 10 | ||||||
| Fagron |
2,058 | 40 | ||||||
| Gimv |
1,200 | 66 | ||||||
| Greenyard |
625 | 6 | ||||||
| Groupe Bruxelles Lambert |
1,695 | 178 | ||||||
| Intervest Offices & Warehouses‡ |
925 | 25 | ||||||
| Ion Beam Applications |
1,199 | 24 | ||||||
| KBC Ancora |
2,088 | 106 | ||||||
| KBC Group |
53,810 | 4,004 | ||||||
| Kinepolis Group |
847 | 51 | ||||||
| Melexis |
1,058 | 82 | ||||||
| Mithra Pharmaceuticals* |
639 | 22 | ||||||
| Nyrstar* |
5,026 | 12 | ||||||
| Ontex Group |
4,363 | 93 | ||||||
| Orange Belgium |
1,549 | 24 | ||||||
| Proximus |
3,046 | 73 | ||||||
| Recticel |
1,883 | 21 | ||||||
| Retail Estates‡ |
315 | 27 | ||||||
| Sioen Industries |
310 | 9 | ||||||
| Sofina |
861 | 172 | ||||||
| Solvay |
1,521 | 204 | ||||||
| Telenet Group Holding* |
1,173 | 64 | ||||||
| Tessenderlo Group* |
1,528 | 57 | ||||||
| UCB |
2,586 | 232 | ||||||
| Umicore |
4,269 | 238 | ||||||
| Van de Velde |
209 | 6 | ||||||
| Warehouses De Pauw CVA‡ |
921 | 121 | ||||||
|
|
|
|||||||
| 9,823 | ||||||||
|
|
|
|||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Brazil – 1.3% |
||||||||
| Ambev ADR |
661,510 | $ | 3,023 | |||||
| Arezzo Industria e Comercio |
22,100 | 236 | ||||||
| B2W Cia Digital* |
13,515 | 92 | ||||||
| B3 - Brasil Bolsa Balcao |
215,500 | 1,248 | ||||||
| Banco Bradesco ADR |
655,520 | 4,641 | ||||||
| Banco BTG Pactual |
17,400 | 93 | ||||||
| Banco do Brasil |
17,800 | 130 | ||||||
| Embraer |
43,630 | 214 | ||||||
| Estacio Participacoes |
89,500 | 554 | ||||||
| Grendene |
366,300 | 614 | ||||||
| IRB Brasil Resseguros S |
37,900 | 621 | ||||||
| LPS Brasil Consultoria de Imoveis* |
130,935 | 93 | ||||||
| Magazine Luiza |
26,200 | 798 | ||||||
| MRV Engenharia e Participacoes |
203,300 | 615 | ||||||
| Natura Cosmeticos |
123,427 | 867 | ||||||
| Petrobras Distribuidora |
96,767 | 467 | ||||||
| Porto Seguro |
88,287 | 1,300 | ||||||
| QGEP Participacoes |
25,000 | 81 | ||||||
| Raia Drogasil |
84,000 | 1,507 | ||||||
| Sul America |
31,100 | 200 | ||||||
| Telefonica Brasil ADR |
9,910 | 96 | ||||||
| TOTVS |
120,100 | 752 | ||||||
| Vale |
80,100 | 1,185 | ||||||
| Vale, Cl B ADR |
86,974 | 1,291 | ||||||
| Via Varejo |
25,900 | 96 | ||||||
|
|
|
|||||||
| 20,814 | ||||||||
|
|
|
|||||||
| Canada – 4.7% |
||||||||
| Advantage Oil & Gas* |
9,800 | 27 | ||||||
| Aecon Group |
3,200 | 40 | ||||||
| Ag Growth International |
900 | 44 | ||||||
| AGF Management, Cl B |
3,300 | 16 | ||||||
| Agnico Eagle Mines |
4,900 | 167 | ||||||
| AGT Food & Ingredients |
1,100 | 15 | ||||||
| Alacer Gold* |
16,300 | 25 | ||||||
| Alamos Gold, Cl A |
20,270 | 93 | ||||||
| Alaris Royalty |
2,000 | 31 | ||||||
| Algonquin Power & Utilities |
25,800 | 268 | ||||||
| Alimentation Couche-Tard, Cl B |
29,777 | 1,490 | ||||||
| Allied Properties‡ |
2,400 | 80 | ||||||
| AltaGas |
5,400 | 86 | ||||||
| Altius Minerals |
2,300 | 22 | ||||||
| Altus Group |
2,300 | 55 | ||||||
| Aphria* |
11,500 | 160 | ||||||
| ARC Resources |
7,400 | 82 | ||||||
| Aritzia* |
3,200 | 42 | ||||||
| Artis‡ |
3,700 | 34 | ||||||
| Atco, Cl I |
1,700 | 50 | ||||||
| Athabasca Oil* |
23,900 | 29 | ||||||
| ATS Automation Tooling Systems* |
3,900 | 72 | ||||||
| Aurinia Pharmaceuticals* |
2,800 | 18 | ||||||
| Aurora Cannabis* |
14,900 | 143 | ||||||
| AutoCanada |
1,400 | 15 | ||||||
| B2Gold* |
54,800 | 125 | ||||||
| Badger Daylighting |
1,900 | 44 | ||||||
| Ballard Power Systems* |
10,900 | 47 | ||||||
| Bank of Montreal |
13,600 | 1,122 | ||||||
| Bank of Nova Scotia |
61,900 | 3,689 | ||||||
| Barrick Gold |
77,979 | 864 | ||||||
| Bausch Health* |
6,300 | 162 | ||||||
| Baytex Energy* |
29,520 | 86 | ||||||
| BCE |
18,297 | 741 | ||||||
| Birchcliff Energy |
13,900 | 56 | ||||||
| BlackBerry* |
11,300 | 128 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Boardwalk‡ |
1,100 | $ | 43 | |||||
| Bombardier, Cl B* |
44,300 | 158 | ||||||
| Bonavista Energy |
13,700 | 16 | ||||||
| Bonterra Energy |
1,100 | 16 | ||||||
| Boralex |
3,000 | 42 | ||||||
| Brookfield Asset Management, Cl A |
71,988 | 3,203 | ||||||
| BRP |
2,100 | 99 | ||||||
| CAE |
202,700 | 4,115 | ||||||
| Calfrac Well Services* |
3,400 | 11 | ||||||
| Cameco |
8,300 | 95 | ||||||
| Canaccord Genuity Group |
6,500 | 35 | ||||||
| Canacol Energy* |
7,100 | 22 | ||||||
| Canada Goose Holdings* |
2,600 | 167 | ||||||
| Canadian Apartment Properties‡ |
3,900 | 144 | ||||||
| Canadian Imperial Bank of Commerce |
9,400 | 881 | ||||||
| Canadian National Railway |
15,400 | 1,382 | ||||||
| Canadian Natural Resources |
83,515 | 2,729 | ||||||
| Canadian Pacific Railway |
8,516 | 1,802 | ||||||
| Canadian Tire, Cl A |
1,300 | 152 | ||||||
| Canadian Utilities, Cl A |
2,800 | 69 | ||||||
| Canadian Western Bank |
5,000 | 132 | ||||||
| Canfor* |
3,700 | 69 | ||||||
| Canfor Pulp Products |
1,700 | 32 | ||||||
| Canopy Growth* |
9,300 | 452 | ||||||
| Capital Power |
5,900 | 130 | ||||||
| Cardinal Energy |
5,400 | 22 | ||||||
| Cascades |
3,500 | 34 | ||||||
| CCL Industries, Cl B |
3,000 | 135 | ||||||
| Celestica* |
7,100 | 77 | ||||||
| Cenovus Energy |
21,500 | 216 | ||||||
| Centerra Gold* |
11,300 | 45 | ||||||
| CES Energy Solutions |
13,500 | 45 | ||||||
| CGI Group, Cl A* |
5,400 | 349 | ||||||
| China Gold International Resources* |
14,300 | 21 | ||||||
| Choice Properties‡ |
7,173 | 67 | ||||||
| Chorus Aviation |
1,500 | 9 | ||||||
| CI Financial |
5,200 | 83 | ||||||
| Cineplex |
3,600 | 98 | ||||||
| Cogeco |
300 | 14 | ||||||
| Cogeco Communications |
800 | 40 | ||||||
| Colliers International Group |
1,900 | 147 | ||||||
| Cominar‡ |
4,500 | 41 | ||||||
| Computer Modelling Group |
4,600 | 30 | ||||||
| Constellation Software |
1,996 | 1,469 | ||||||
| Continental Gold* |
7,900 | 16 | ||||||
| Corby Spirit and Wine, Cl A |
600 | 9 | ||||||
| Corus Entertainment |
6,000 | 19 | ||||||
| Cott |
7,800 | 126 | ||||||
| Crescent Point Energy |
11,300 | 72 | ||||||
| Crew Energy* |
6,200 | 9 | ||||||
| Crombie‡ |
2,200 | 22 | ||||||
| CT‡ |
1,600 | 16 | ||||||
| Descartes Systems Group* |
4,100 | 139 | ||||||
| Detour Gold* |
9,700 | 78 | ||||||
| DIRTT Environmental Solutions* |
5,300 | 27 | ||||||
| Dollarama |
6,600 | 208 | ||||||
| Dorel Industries, Cl B |
1,400 | 25 | ||||||
| Dream Global‡ |
9,900 | 114 | ||||||
| Dream Industrial‡ |
2,600 | 20 | ||||||
| Dream Office‡ |
1,463 | 27 | ||||||
| DREAM Unlimited, Cl A* |
3,900 | 24 | ||||||
| ECN Capital |
20,000 | 58 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Eldorado Gold |
40,900 | $ | 36 | |||||
| Element Financial |
19,900 | 102 | ||||||
| Emera |
1,100 | 34 | ||||||
| Empire |
3,700 | 67 | ||||||
| Enbridge |
35,800 | 1,155 | ||||||
| Enbridge Income Fund Holdings |
7,700 | 187 | ||||||
| Encana |
20,400 | 267 | ||||||
| Endeavour Mining* |
4,300 | 67 | ||||||
| Endeavour Silver* |
7,200 | 17 | ||||||
| Enercare |
6,100 | 137 | ||||||
| Enerflex |
4,400 | 56 | ||||||
| Enerplus |
13,600 | 168 | ||||||
| Enghouse Systems |
1,200 | 76 | ||||||
| Ensign Energy Services |
7,500 | 36 | ||||||
| Entertainment One |
19,514 | 105 | ||||||
| Equitable Group |
700 | 37 | ||||||
| Evertz Technologies |
1,000 | 13 | ||||||
| Exchange Income |
400 | 10 | ||||||
| Exco Technologies |
1,300 | 10 | ||||||
| Extendicare |
4,500 | 27 | ||||||
| Fairfax Financial Holdings |
6,211 | 3,375 | ||||||
| Fiera Capital, Cl A |
2,700 | 26 | ||||||
| Finning International |
3,600 | 88 | ||||||
| First Capital Realty |
3,700 | 56 | ||||||
| First Majestic Silver* |
10,000 | 57 | ||||||
| First National Financial |
900 | 20 | ||||||
| First Quantum Minerals |
15,000 | 171 | ||||||
| FirstService |
1,800 | 151 | ||||||
| Fortis |
8,800 | 286 | ||||||
| Fortuna Silver Mines* |
8,500 | 37 | ||||||
| Franco-Nevada |
11,338 | 710 | ||||||
| Freehold Royalties |
5,100 | 44 | ||||||
| Genworth MI Canada |
2,100 | 70 | ||||||
| George Weston |
1,100 | 83 | ||||||
| Gibson Energy |
7,700 | 122 | ||||||
| Gildan Activewear |
15,931 | 486 | ||||||
| Gluskin Sheff + Associates |
1,700 | 20 | ||||||
| Goldcorp |
17,900 | 182 | ||||||
| Granite‡ |
1,200 | 52 | ||||||
| Great Canadian Gaming* |
3,200 | 115 | ||||||
| Great-West Lifeco |
6,200 | 150 | ||||||
| Guyana Goldfields* |
9,000 | 20 | ||||||
| H&R Real Estate Investment Trust‡ |
2,700 | 42 | ||||||
| Home Capital Group, Cl B* |
3,300 | 38 | ||||||
| Hudbay Minerals |
13,900 | 70 | ||||||
| Hudson’s Bay |
6,200 | 47 | ||||||
| Husky Energy |
7,100 | 125 | ||||||
| Hydro One |
7,000 | 106 | ||||||
| IAMGOLD* |
24,500 | 90 | ||||||
| IGM Financial |
1,600 | 44 | ||||||
| Imperial Oil |
6,100 | 197 | ||||||
| Industrial Alliance Insurance & Financial Services |
2,500 | 100 | ||||||
| Innergex Renewable Energy |
6,200 | 62 | ||||||
| Intact Financial |
2,900 | 241 | ||||||
| Inter Pipeline |
8,300 | 144 | ||||||
| Interfor* |
3,600 | 53 | ||||||
| InterRent‡ |
2,900 | 26 | ||||||
| Intertape Polymer Group |
2,900 | 43 | ||||||
| Ivanhoe Mines, Cl A* |
31,300 | 67 | ||||||
| Jamieson Wellness |
1,800 | 37 | ||||||
| Just Energy Group |
4,900 | 15 | ||||||
| Kelt Exploration* |
8,300 | 54 | ||||||
| Keyera |
4,100 | 110 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Killam Apartment‡ |
4,700 | $ | 59 | |||||
| Kinaxis* |
1,400 | 105 | ||||||
| Kinder Morgan Canada |
6,000 | 79 | ||||||
| Kinross Gold* |
25,600 | 70 | ||||||
| Kirkland Lake Gold |
10,500 | 199 | ||||||
| Knight Therapeutics* |
5,800 | 37 | ||||||
| Labrador Iron Ore Royalty |
3,400 | 74 | ||||||
| Laurentian Bank of Canada |
2,400 | 79 | ||||||
| Linamar |
1,000 | 46 | ||||||
| Lithium Americas* |
3,800 | 18 | ||||||
| Loblaw |
28,569 | 1,468 | ||||||
| Lucara Diamond |
15,500 | 26 | ||||||
| Lundin Gold* |
4,300 | 16 | ||||||
| Lundin Mining |
14,400 | 76 | ||||||
| MAG Silver* |
3,800 | 31 | ||||||
| Magellan Aerospace |
700 | 10 | ||||||
| Magna International |
18,070 | 949 | ||||||
| Major Drilling Group International* |
4,800 | 18 | ||||||
| Manulife Financial |
42,200 | 754 | ||||||
| Maple Leaf Foods |
4,400 | 106 | ||||||
| Martinrea International |
4,900 | 50 | ||||||
| Maxar Technologies |
3,100 | 102 | ||||||
| Medical Facilities |
1,300 | 14 | ||||||
| MEG Energy* |
12,500 | 78 | ||||||
| Methanex |
1,400 | 111 | ||||||
| Metro, Cl A |
5,410 | 169 | ||||||
| Morguard‡ |
1,400 | 13 | ||||||
| Morneau Shepell |
3,200 | 67 | ||||||
| Mountain Province Diamonds |
8,200 | 17 | ||||||
| MTY Food Group |
1,200 | 60 | ||||||
| Mullen Group |
5,500 | 65 | ||||||
| National Bank of Canada |
7,000 | 350 | ||||||
| Nemaska Lithium* |
36,000 | 21 | ||||||
| Neo Performance Materials |
1,000 | 14 | ||||||
| Nevsun Resources |
16,900 | 75 | ||||||
| New Gold* |
29,400 | 23 | ||||||
| NexGen Energy* |
15,700 | 32 | ||||||
| NFI Group |
3,200 | 124 | ||||||
| Norbord |
2,100 | 70 | ||||||
| North West |
2,500 | 54 | ||||||
| Northland Power |
6,100 | 102 | ||||||
| Northview Apartment‡ |
1,200 | 24 | ||||||
| NorthWest Healthcare Properties‡ |
2,200 | 19 | ||||||
| Novagold Resources* |
12,800 | 47 | ||||||
| Nutrien |
13,509 | 779 | ||||||
| NuVista Energy* |
9,600 | 56 | ||||||
| Obsidian Energy* |
26,600 | 25 | ||||||
| OceanaGold |
34,900 | 105 | ||||||
| Onex |
1,800 | 124 | ||||||
| Open Text |
5,500 | 209 | ||||||
| Osisko Gold Royalties |
5,900 | 45 | ||||||
| Osisko Mining* |
8,300 | 15 | ||||||
| Painted Pony Energy* |
7,400 | 19 | ||||||
| Pan American Silver |
8,100 | 119 | ||||||
| Paramount Resources, Cl A* |
3,793 | 44 | ||||||
| Parex Resources* |
8,600 | 146 | ||||||
| Parkland Fuel |
7,300 | 245 | ||||||
| Pason Systems |
4,000 | 62 | ||||||
| Pembina Pipeline |
10,672 | 363 | ||||||
| Pengrowth Energy* |
25,600 | 22 | ||||||
| Peyto Exploration & Development |
9,100 | 78 | ||||||
| Power Corp of Canada |
7,400 | 161 | ||||||
| Power Financial |
5,400 | 124 | ||||||
| PrairieSky Royalty |
25,783 | 453 | ||||||
| Precision Drilling* |
16,600 | 57 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Premier Gold Mines* |
10,700 | $ | 14 | |||||
| Premium Brands Holdings |
1,500 | 109 | ||||||
| Pretium Resources* |
9,400 | 71 | ||||||
| ProMetic Life Sciences* |
31,100 | 12 | ||||||
| Quebecor, Cl B |
8,400 | 168 | ||||||
| Recipe Unlimited |
1,400 | 32 | ||||||
| Restaurant Brands International |
4,900 | 289 | ||||||
| RioCan‡ |
2,900 | 55 | ||||||
| Ritchie Bros Auctioneers |
36,650 | 1,322 | ||||||
| Rogers Communications, Cl B |
21,303 | 1,096 | ||||||
| Rogers Sugar |
4,600 | 20 | ||||||
| Royal Bank of Canada |
39,854 | 3,195 | ||||||
| Russel Metals |
3,400 | 71 | ||||||
| Sandstorm Gold* |
10,800 | 40 | ||||||
| Saputo |
4,700 | 140 | ||||||
| Savaria |
1,200 | 19 | ||||||
| Seabridge Gold* |
2,300 | 30 | ||||||
| Secure Energy Services |
9,000 | 59 | ||||||
| SEMAFO* |
17,600 | 41 | ||||||
| Seven Generations Energy* |
5,700 | 68 | ||||||
| Shaw Communications, Cl B |
9,400 | 183 | ||||||
| ShawCor |
3,700 | 71 | ||||||
| Shopify* |
1,900 | 312 | ||||||
| Sienna Senior Living |
3,200 | 43 | ||||||
| Sierra Wireless* |
1,700 | 34 | ||||||
| Silvercorp Metals |
9,100 | 22 | ||||||
| Sleep Country Canada Holdings |
1,900 | 42 | ||||||
| SmartCentres‡ |
1,300 | 31 | ||||||
| SNC-Lavalin Group |
3,700 | 151 | ||||||
| Spin Master* |
2,028 | 80 | ||||||
| Sprott |
9,400 | 22 | ||||||
| SSR Mining* |
6,200 | 54 | ||||||
| Stantec |
6,400 | 159 | ||||||
| Stars Group* |
8,400 | 209 | ||||||
| Stelco Holdings |
1,400 | 23 | ||||||
| Stella-Jones |
2,500 | 83 | ||||||
| Stornoway Diamond* |
30,200 | 9 | ||||||
| Sun Life Financial |
13,000 | 517 | ||||||
| Suncor Energy |
162,674 | 6,295 | ||||||
| Superior Plus |
9,200 | 90 | ||||||
| Surge Energy |
15,600 | 32 | ||||||
| Tahoe Resources* |
17,800 | 49 | ||||||
| Tamarack Valley Energy* |
12,600 | 49 | ||||||
| Teck Resources, Cl B |
10,400 | 252 | ||||||
| TELUS |
4,100 | 151 | ||||||
| TFI International |
5,000 | 181 | ||||||
| Theratechnologies* |
3,900 | 26 | ||||||
| Thomson Reuters |
6,200 | 283 | ||||||
| Timbercreek Financial |
3,700 | 27 | ||||||
| TMAC Resources* |
1,800 | 7 | ||||||
| TMX Group |
2,500 | 168 | ||||||
| TORC Oil & Gas |
7,100 | 36 | ||||||
| Torex Gold Resources* |
4,100 | 35 | ||||||
| Toromont Industries |
4,500 | 232 | ||||||
| Toronto-Dominion Bank |
65,313 | 3,968 | ||||||
| Total Energy Services |
2,300 | 19 | ||||||
| Tourmaline Oil |
5,100 | 90 | ||||||
| TransAlta |
15,100 | 85 | ||||||
| TransAlta Renewables |
7,200 | 64 | ||||||
| TransCanada |
35,952 | 1,455 | ||||||
| Transcontinental, Cl A |
4,000 | 71 | ||||||
| Trevali Mining* |
44,900 | 25 | ||||||
| Trican Well Service* |
15,050 | 27 | ||||||
| Tricon Capital Group |
6,900 | 58 | ||||||
| Trinidad Drilling* |
16,400 | 23 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Turquoise Hill Resources* |
18,100 | $ | 39 | |||||
| Uni-Select |
1,900 | 32 | ||||||
| Uranium Participation* |
7,200 | 26 | ||||||
| Valener |
1,900 | 28 | ||||||
| Vermilion Energy |
2,800 | 92 | ||||||
| Wajax |
1,000 | 20 | ||||||
| West Fraser Timber |
1,300 | 74 | ||||||
| Western Forest Products |
20,000 | 33 | ||||||
| WestJet Airlines |
1,500 | 24 | ||||||
| Westshore Terminals Investment |
2,800 | 58 | ||||||
| Wheaton Precious Metals |
9,200 | 161 | ||||||
| Whitecap Resources |
23,300 | 141 | ||||||
| Winpak |
1,700 | 63 | ||||||
| WPT Industrial‡ |
1,700 | 22 | ||||||
| WSP Global |
2,200 | 120 | ||||||
| Yamana Gold |
52,600 | 131 | ||||||
|
|
|
|||||||
| 73,684 | ||||||||
|
|
|
|||||||
| Chile – 0.3% |
||||||||
| CAP |
11,219 | 113 | ||||||
| Cia Cervecerias Unidas |
57,329 | 799 | ||||||
| Cia Cervecerias Unidas ADR |
13,557 | 378 | ||||||
| Cia Sud Americana de Vapores* |
9,057,071 | 289 | ||||||
| Empresas CMPC |
78,470 | 317 | ||||||
| Enaex |
21,199 | 294 | ||||||
| Quinenco |
326,790 | 993 | ||||||
| Sociedad Quimica y Minera de Chile ADR |
22,018 | 1,007 | ||||||
|
|
|
|||||||
| 4,190 | ||||||||
|
|
|
|||||||
| China – 2.4% |
||||||||
| 21Vianet Group ADR* |
16,331 | 165 | ||||||
| 51job ADR* |
4,158 | 320 | ||||||
| 58.com ADR* |
16,079 | 1,183 | ||||||
| Alibaba Group Holding ADR* |
45,695 | 7,530 | ||||||
| Anhui Conch Cement, Cl H |
194,500 | 1,174 | ||||||
| Autohome ADR |
34,736 | 2,689 | ||||||
| Baidu ADR* |
31,029 | 7,097 | ||||||
| Bank of Communications, Cl H |
1,476,000 | 1,107 | ||||||
| CECEP COSTIN New Materials Group* |
1,134,000 | 1 | ||||||
| China International Travel Service, Cl A |
175,299 | 1,733 | ||||||
| China Railway Construction, Cl H |
850,500 | 1,147 | ||||||
| China Railway Group, Cl H |
206,000 | 204 | ||||||
| China Telecom ADR |
10,259 | 507 | ||||||
| Ctrip.com International ADR* |
29,587 | 1,100 | ||||||
| Huazhu Group ADR |
48,810 | 1,577 | ||||||
| Jiangsu Hengrui Medicine, Cl A |
143,224 | 1,322 | ||||||
| Kweichow Moutai, Cl A |
19,000 | 2,016 | ||||||
| Momo ADR* |
21,540 | 943 | ||||||
| PetroChina, Cl H |
22,000 | 18 | ||||||
| TAL Education Group ADR* |
23,972 | 616 | ||||||
| Tsingtao Brewery, Cl H |
106,000 | 498 | ||||||
| Weibo ADR* |
290 | 21 | ||||||
| Xiwang Special Steel |
548,000 | 111 | ||||||
| Yum China Holdings |
118,880 | 4,173 | ||||||
| YY ADR* |
5,398 | 404 | ||||||
|
|
|
|||||||
| 37,656 | ||||||||
|
|
|
|||||||
| Colombia – 0.2% |
||||||||
| Almacenes Exito |
24,681 | 121 | ||||||
| Bancolombia ADR |
19,212 | 802 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Ecopetrol ADR |
66,991 | $ | 1,804 | |||||
|
|
|
|||||||
| 2,727 | ||||||||
|
|
|
|||||||
| Czech Republic – 0.0% |
||||||||
| Komercni Banka |
11,866 | 487 | ||||||
|
|
|
|||||||
| Denmark – 1.5% |
||||||||
| ALK-Abello |
331 | 55 | ||||||
| Alm Brand |
3,559 | 30 | ||||||
| Ambu, Cl B |
8,946 | 215 | ||||||
| AP Moeller - Maersk, Cl A |
81 | 106 | ||||||
| AP Moeller - Maersk, Cl B |
135 | 190 | ||||||
| Bang & Olufsen* |
1,871 | 43 | ||||||
| Bavarian Nordic* |
1,647 | 43 | ||||||
| Carlsberg, Cl B |
26,147 | 3,137 | ||||||
| Chr Hansen Holding |
2,029 | 206 | ||||||
| Coloplast, Cl B |
24,890 | 2,545 | ||||||
| D/S Nordern* |
1,342 | 20 | ||||||
| Danske Bank |
20,081 | 528 | ||||||
| Dfds* |
1,648 | 82 | ||||||
| DSV |
5,598 | 509 | ||||||
| FLSmidth |
2,212 | 137 | ||||||
| Genmab* |
1,272 | 200 | ||||||
| GN Store Nord |
43,348 | 2,112 | ||||||
| H Lundbeck |
1,412 | 87 | ||||||
| IC Group |
439 | 4 | ||||||
| ISS |
3,678 | 129 | ||||||
| Jyske Bank |
3,953 | 191 | ||||||
| Matas |
2,098 | 21 | ||||||
| Nilfisk Holding* |
1,394 | 71 | ||||||
| NKT |
1,394 | 36 | ||||||
| NNIT |
484 | 13 | ||||||
| Novo Nordisk, Cl B |
166,915 | 7,859 | ||||||
| Novozymes, Cl B |
4,610 | 253 | ||||||
| Orsted |
3,868 | 263 | ||||||
| Pandora |
2,456 | 154 | ||||||
| Per Aarsleff Holding |
1,234 | 47 | ||||||
| Rockwool International, Cl B |
508 | 218 | ||||||
| Royal Unibrew |
2,920 | 240 | ||||||
| Scandinavian Tobacco Group |
3,243 | 50 | ||||||
| Schouw |
738 | 61 | ||||||
| SimCorp |
2,260 | 196 | ||||||
| Solar, Cl B |
341 | 21 | ||||||
| Spar Nord Bank |
4,602 | 43 | ||||||
| Sydbank |
3,941 | 116 | ||||||
| Topdanmark |
2,114 | 97 | ||||||
| TORM, Cl A* |
974 | 6 | ||||||
| Tryg |
2,666 | 66 | ||||||
| Vestas Wind Systems |
28,260 | 1,911 | ||||||
| William Demant Holding* |
37,960 | 1,427 | ||||||
| Zealand Pharma* |
1,211 | 20 | ||||||
|
|
|
|||||||
| 23,758 | ||||||||
|
|
|
|||||||
| Egypt – 0.0% |
||||||||
| Telecom Egypt |
129,194 | 84 | ||||||
|
|
|
|||||||
| Finland – 0.8% |
||||||||
| Amer Sports |
15,769 | 644 | ||||||
| Atria, Cl A |
872 | 9 | ||||||
| Cargotec, Cl B |
2,176 | 98 | ||||||
| Caverion |
4,850 | 39 | ||||||
| Citycon |
18,366 | 38 | ||||||
| Cramo |
2,180 | 49 | ||||||
| DNA |
3,122 | 70 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Elisa |
3,186 | $ | 135 | |||||
| Finnair |
2,745 | 23 | ||||||
| Fortum |
9,084 | 228 | ||||||
| F-Secure |
4,129 | 15 | ||||||
| Huhtamaki |
5,964 | 191 | ||||||
| Kemira |
5,541 | 75 | ||||||
| Kesko, Cl B |
3,595 | 195 | ||||||
| Kone, Cl B |
9,139 | 488 | ||||||
| Konecranes, Cl A |
3,568 | 137 | ||||||
| Lehto Group |
1,581 | 15 | ||||||
| Metsa Board |
10,783 | 109 | ||||||
| Metso |
2,388 | 85 | ||||||
| Neste |
2,623 | 217 | ||||||
| Nokia |
91,868 | 510 | ||||||
| Nokian Renkaat |
74,512 | 3,054 | ||||||
| Oriola, Cl B |
5,893 | 19 | ||||||
| Orion, Cl B |
2,253 | 85 | ||||||
| Outokumpu |
17,285 | 102 | ||||||
| Outotec |
7,346 | 48 | ||||||
| Ponsse |
668 | 23 | ||||||
| Ramirent |
4,456 | 36 | ||||||
| Sampo, Cl A |
46,132 | 2,389 | ||||||
| Sanoma |
4,368 | 43 | ||||||
| Stockmann Abp, Cl B* |
1,290 | 6 | ||||||
| Stora Enso, Cl R |
11,330 | 217 | ||||||
| Technopolis |
8,502 | 46 | ||||||
| Tieto |
2,939 | 91 | ||||||
| Tikkurila |
93,507 | 1,465 | ||||||
| Tokmanni Group |
2,744 | 24 | ||||||
| UPM-Kymmene |
11,177 | 438 | ||||||
| Uponor |
3,160 | 41 | ||||||
| Valmet |
7,139 | 159 | ||||||
| Wartsila, Cl B |
33,333 | 650 | ||||||
| YIT |
8,085 | 56 | ||||||
|
|
|
|||||||
| 12,362 | ||||||||
|
|
|
|||||||
| France – 6.8% |
||||||||
| ABC arbitrage |
2,361 | 17 | ||||||
| Accor |
3,896 | 200 | ||||||
| Aeroports de Paris |
627 | 141 | ||||||
| Air France-KLM* |
10,685 | 111 | ||||||
| Air Liquide |
112,752 | 14,833 | ||||||
| Airbus Group |
23,430 | 2,943 | ||||||
| Akka Technologies |
583 | 42 | ||||||
| AKWEL |
382 | 8 | ||||||
| Albioma |
1,613 | 37 | ||||||
| ALD |
5,636 | 103 | ||||||
| Alstom* |
3,397 | 151 | ||||||
| Alten |
1,514 | 156 | ||||||
| Altran Technologies |
12,785 | 111 | ||||||
| Amundi |
1,304 | 98 | ||||||
| Arkema |
1,445 | 179 | ||||||
| Assystem |
389 | 13 | ||||||
| Atos |
1,954 | 232 | ||||||
| Aubay |
302 | 14 | ||||||
| AXA |
62,126 | 1,670 | ||||||
| Axway Software |
357 | 7 | ||||||
| Beneteau |
2,029 | 33 | ||||||
| BioMerieux |
965 | 80 | ||||||
| BNP Paribas |
40,249 | 2,464 | ||||||
| Boiron |
395 | 27 | ||||||
| Bollore |
17,435 | 75 | ||||||
| Bonduelle SCA |
723 | 23 | ||||||
| Bourbon |
1,188 | 8 | ||||||
| Bouygues |
4,534 | 196 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Bureau Veritas |
5,577 | $ | 144 | |||||
| Capital Gemini |
3,357 | 422 | ||||||
| Carrefour |
12,143 | 233 | ||||||
| Casino Guichard Perrachon |
975 | 41 | ||||||
| Cellectis* |
1,692 | 48 | ||||||
| CGG* |
33,986 | 95 | ||||||
| Chargeurs |
776 | 19 | ||||||
| Cie de Saint-Gobain |
10,691 | 461 | ||||||
| Cie des Alpes |
637 | 22 | ||||||
| Cie Generale des Etablissements Michelin |
3,523 | 421 | ||||||
| Cie Plastic Omnium |
3,235 | 122 | ||||||
| CNP Assurances |
3,576 | 86 | ||||||
| Coface |
5,144 | 49 | ||||||
| Covivio‡ |
759 | 79 | ||||||
| Credit Agricole |
23,662 | 340 | ||||||
| Danone |
66,618 | 5,159 | ||||||
| Dassault Aviation |
50 | 93 | ||||||
| Dassault Systemes |
14,102 | 2,107 | ||||||
| DBV Technologies* |
1,086 | 49 | ||||||
| Derichebourg |
4,510 | 24 | ||||||
| Devoteam |
306 | 39 | ||||||
| Edenred |
25,568 | 976 | ||||||
| Eiffage |
1,636 | 183 | ||||||
| Electricite de France |
12,265 | 215 | ||||||
| Elior Group |
6,398 | 99 | ||||||
| Elis |
26,385 | 621 | ||||||
| Engie |
240,148 | 3,532 | ||||||
| Eramet |
517 | 55 | ||||||
| Essilor International Cie Generale d’Optique |
19,976 | 2,957 | ||||||
| Esso Francaise |
145 | 7 | ||||||
| Etablissements Maurel et Prom* |
2,287 | 15 | ||||||
| Eurazeo |
1,020 | 80 | ||||||
| Eurofins Scientific |
2,367 | 1,343 | ||||||
| Europcar Mobility Group |
6,045 | 57 | ||||||
| Eutelsat Communications |
3,630 | 86 | ||||||
| Faurecia |
1,496 | 90 | ||||||
| FFP |
331 | 45 | ||||||
| FIGEAC-AERO* |
572 | 10 | ||||||
| Fnac Darty* |
983 | 77 | ||||||
| Gaztransport Et Technigaz |
1,156 | 88 | ||||||
| Gecina‡ |
918 | 153 | ||||||
| Genfit* |
1,663 | 39 | ||||||
| Getlink |
54,666 | 698 | ||||||
| GL Events |
344 | 8 | ||||||
| Groupe Crit |
109 | 9 | ||||||
| Groupe Guillin |
418 | 12 | ||||||
| Guerbet |
297 | 22 | ||||||
| Haulotte Group |
555 | 8 | ||||||
| Hermes International |
1,776 | 1,177 | ||||||
| ICADE‡ |
705 | 65 | ||||||
| ID Logistics Group* |
115 | 21 | ||||||
| Iliad |
516 | 67 | ||||||
| Imerys |
2,747 | 203 | ||||||
| Ingenico Group |
1,273 | 97 | ||||||
| Innate Pharma* |
2,180 | 12 | ||||||
| Interparfums |
789 | 40 | ||||||
| Ipsen |
824 | 139 | ||||||
| IPSOS |
1,884 | 58 | ||||||
| Jacquet Metal Service |
840 | 20 | ||||||
| JCDecaux |
11,699 | 428 | ||||||
| Kaufman & Broad |
985 | 46 | ||||||
| Kering |
1,595 | 855 | ||||||
| Klepierre‡ |
4,100 | 145 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Korian |
2,809 | $ | 102 | |||||
| LafargeHolcim |
1,512 | 75 | ||||||
| Lagardere |
5,767 | 178 | ||||||
| Legrand |
49,261 | 3,591 | ||||||
| LISI |
1,055 | 38 | ||||||
| LNA Sante |
236 | 15 | ||||||
| L’Oreal |
18,054 | 4,353 | ||||||
| LVMH Moet Hennessy Louis Vuitton |
21,914 | 7,750 | ||||||
| Maisons du Monde |
2,451 | 72 | ||||||
| Manitou BF |
580 | 21 | ||||||
| Mercialys‡ |
3,076 | 50 | ||||||
| Mersen |
825 | 29 | ||||||
| Metropole Television |
1,525 | 31 | ||||||
| Natixis |
19,811 | 134 | ||||||
| Neopost |
8,592 | 261 | ||||||
| Nexans |
1,511 | 48 | ||||||
| Nexity |
2,241 | 124 | ||||||
| Nokia |
26,897 | 149 | ||||||
| Oeneo |
1,058 | 14 | ||||||
| Orange |
41,526 | 663 | ||||||
| Orpea |
2,487 | 322 | ||||||
| Pernod Ricard |
44,892 | 7,365 | ||||||
| Peugeot |
12,184 | 329 | ||||||
| Pierre & Vacances* |
189 | 6 | ||||||
| Plastivaloire |
396 | 6 | ||||||
| Publicis Groupe |
4,385 | 262 | ||||||
| Rallye |
1,467 | 17 | ||||||
| Remy Cointreau |
502 | 65 | ||||||
| Renault |
4,149 | 358 | ||||||
| Rexel |
5,929 | 89 | ||||||
| Rubis SCA |
4,808 | 260 | ||||||
| Safran |
7,017 | 983 | ||||||
| Sanofi |
23,778 | 2,113 | ||||||
| Sartorius Stedim Biotech |
1,471 | 202 | ||||||
| Schneider Electric |
97,702 | 7,860 | ||||||
| SCOR |
3,618 | 168 | ||||||
| SEB |
471 | 80 | ||||||
| SES, Cl A |
8,100 | 178 | ||||||
| Societe BIC |
517 | 47 | ||||||
| Societe Generale |
15,981 | 686 | ||||||
| Sodexo |
1,872 | 199 | ||||||
| SOITEC* |
1,066 | 74 | ||||||
| Solocal Group* |
32,888 | 38 | ||||||
| Solutions 30* |
947 | 56 | ||||||
| Sopra Steria Group |
758 | 122 | ||||||
| SPIE |
6,155 | 122 | ||||||
| SRP Groupe* |
660 | 4 | ||||||
| Stallergenes Greer* |
321 | 11 | ||||||
| Ste Industrielle d’Aviation Latecoere* |
2,789 | 13 | ||||||
| STMicroelectronics |
14,195 | 258 | ||||||
| Suez |
7,315 | 104 | ||||||
| Synergie |
300 | 11 | ||||||
| Tarkett |
1,629 | 42 | ||||||
| Technicolor |
18,675 | 22 | ||||||
| TechnipFMC |
3,900 | 123 | ||||||
| Teleperformance |
3,684 | 696 | ||||||
| Television Francaise 1 |
2,239 | 24 | ||||||
| Thales |
6,691 | 950 | ||||||
| TOTAL |
193,941 | 12,574 | ||||||
| Trigano |
463 | 50 | ||||||
| Ubisoft Entertainment* |
1,628 | 177 | ||||||
| Valeo |
5,000 | 217 | ||||||
| Vallourec |
18,090 | 106 | ||||||
| Description
|
Shares
|
Value (000) |
||||||
| Veolia Environnement |
11,487 | $ | 229 | |||||
| Vicat |
3,706 | 225 | ||||||
| Vinci |
10,653 | 1,014 | ||||||
| Virbac |
227 | 38 | ||||||
| Vivendi |
22,231 | 571 | ||||||
| Wendel |
546 | 82 | ||||||
| Worldline* |
2,088 | 134 | ||||||
| X-Fab Silicon Foundries* |
4,225 | 33 | ||||||
|
|
|
|||||||
| 106,296 | ||||||||
|
|
|
|||||||
| Germany – 5.7% |
||||||||
| Aareal Bank |
3,116 | 130 | ||||||
| adidas |
8,275 | 2,027 | ||||||
| ADLER Real Estate |
1,568 | 28 | ||||||
| ADO Properties |
1,731 | 104 | ||||||
| ADVA Optical Networking* |
1,691 | 13 | ||||||
| AIXTRON* |
5,982 | 61 | ||||||
| Allianz |
9,313 | 2,076 | ||||||
| alstria office‡ |
8,109 | 120 | ||||||
| Amadeus Fire |
328 | 38 | ||||||
| Aumann |
388 | 27 | ||||||
| AURELIUS Equity Opportunities & KGaA |
1,268 | 67 | ||||||
| Aurubis |
2,128 | 149 | ||||||
| Axel Springer |
12,836 | 864 | ||||||
| BASF |
64,869 | 5,765 | ||||||
| Basler |
72 | 14 | ||||||
| Bauer |
485 | 9 | ||||||
| Bayer |
97,245 | 8,638 | ||||||
| Bayerische Motoren Werke |
73,735 | 6,652 | ||||||
| BayWa |
921 | 31 | ||||||
| Bechtle |
1,682 | 171 | ||||||
| Beiersdorf |
49,430 | 5,577 | ||||||
| Bertrandt |
318 | 29 | ||||||
| bet-at-home.com |
120 | 8 | ||||||
| Bilfinger |
1,727 | 87 | ||||||
| Borussia Dortmund GmbH & KGaA |
2,535 | 23 | ||||||
| Brenntag |
22,889 | 1,412 | ||||||
| CANCOM |
1,800 | 81 | ||||||
| Carl Zeiss Meditec |
2,245 | 189 | ||||||
| CECONOMY |
10,139 | 71 | ||||||
| Cewe Stiftung & KGAA |
313 | 26 | ||||||
| comdirect bank |
1,561 | 20 | ||||||
| Commerzbank |
20,970 | 219 | ||||||
| CompuGroup Medical |
1,379 | 80 | ||||||
| Consus Real Estate* |
2,421 | 23 | ||||||
| Continental |
2,365 | 412 | ||||||
| Corestate Capital Holding |
667 | 31 | ||||||
| Covestro |
3,983 | 323 | ||||||
| CTS Eventim & KGaA |
14,920 | 669 | ||||||
| Daimler |
19,092 | 1,205 | ||||||
| Delivery Hero* |
1,832 | 88 | ||||||
| Deutsche Bank |
41,569 | 474 | ||||||
| Deutsche Beteiligungs |
676 | 28 | ||||||
| Deutsche Boerse |
4,077 | 546 | ||||||
| Deutsche EuroShop |
2,794 | 90 | ||||||
| Deutsche Lufthansa |
4,991 | 123 | ||||||
| Deutsche Pfandbriefbank |
6,997 | 105 | ||||||
| Deutsche Post |
21,028 | 750 | ||||||
| Deutsche Telekom |
118,756 | 1,915 | ||||||
| Deutsche Wohnen |
7,634 | 366 | ||||||
| Deutz |
6,173 | 55 | ||||||
| DIC Asset |
3,070 | 34 | ||||||
| Diebold Nixdorf |
388 | 25 | ||||||
| DMG Mori |
1,087 | 56 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Draegerwerk & KGaA |
73 | $ | 4 | |||||
| Drillisch |
965 | 47 | ||||||
| Duerr |
2,750 | 124 | ||||||
| E.ON |
46,581 | 475 | ||||||
| EDAG Engineering Group |
682 | 14 | ||||||
| Elmos Semiconductor |
433 | 9 | ||||||
| ElringKlinger |
1,480 | 16 | ||||||
| Encavis |
4,956 | 35 | ||||||
| Evonik Industries |
3,584 | 128 | ||||||
| Evotec* |
7,044 | 150 | ||||||
| Ferratum |
502 | 9 | ||||||
| FinTech Group* |
548 | 19 | ||||||
| Fraport Frankfurt Airport Services Worldwide |
865 | 76 | ||||||
| Freenet |
7,108 | 171 | ||||||
| Fresenius & KGaA |
8,663 | 636 | ||||||
| Fresenius Medical Care & KGaA |
25,047 | 2,576 | ||||||
| GEA Group |
6,863 | 245 | ||||||
| Gerresheimer |
4,527 | 382 | ||||||
| Gerry Weber International* |
1,013 | 3 | ||||||
| GFT Technologies |
660 | 9 | ||||||
| Grand City Properties |
6,577 | 170 | ||||||
| GRENKE |
1,335 | 159 | ||||||
| H&R GmbH & KGaA |
694 | 6 | ||||||
| Hamborner‡ |
4,822 | 51 | ||||||
| Hamburger Hafen und Logistik |
1,309 | 31 | ||||||
| Hannover Rueck |
2,993 | 423 | ||||||
| Hapag-Lloyd |
2,140 | 81 | ||||||
| HeidelbergCement |
3,841 | 300 | ||||||
| Heidelberger Druckmaschinen* |
13,201 | 35 | ||||||
| HelloFresh* |
3,969 | 51 | ||||||
| Henkel & KGaA |
2,264 | 240 | ||||||
| Hochtief |
401 | 67 | ||||||
| Hornbach Baumarkt |
435 | 13 | ||||||
| Hornbach Holding & KGaA |
543 | 38 | ||||||
| HUGO BOSS |
1,289 | 99 | ||||||
| Hypoport* |
205 | 47 | ||||||
| Indus Holding |
1,064 | 66 | ||||||
| Infineon Technologies |
23,992 | 545 | ||||||
| Innogy* |
530 | 22 | ||||||
| Innogy |
2,688 | 120 | ||||||
| Instone Real Estate Group* |
1,062 | 30 | ||||||
| Isra Vision |
855 | 43 | ||||||
| Jenoptik |
2,663 | 98 | ||||||
| JOST Werke |
763 | 29 | ||||||
| K+S |
3,726 | 78 | ||||||
| KION Group |
1,373 | 84 | ||||||
| Kloeckner |
3,893 | 45 | ||||||
| Koenig & Bauer |
701 | 42 | ||||||
| Krones |
890 | 93 | ||||||
| KWS Saat |
112 | 43 | ||||||
| LANXESS |
1,900 | 139 | ||||||
| LEG Immobilien |
3,473 | 412 | ||||||
| Leoni |
1,841 | 76 | ||||||
| Linde |
14,230 | 3,366 | ||||||
| MAN |
734 | 80 | ||||||
| MBB |
132 | 13 | ||||||
| Merck KGaA |
33,780 | 3,491 | ||||||
| METRO |
4,134 | 65 | ||||||
| MLP |
3,891 | 25 | ||||||
| MorphoSys* |
1,736 | 186 | ||||||
| MTU Aero Engines |
10,633 | 2,396 | ||||||
| Muenchener Rueckversicherungs- Gesellschaft in Muenchen |
3,152 | 698 | ||||||
| Nemetschek |
1,025 | 150 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Nordex* |
2,995 | $ | 32 | |||||
| Norma Group |
1,695 | 108 | ||||||
| OHB |
258 | 10 | ||||||
| OSRAM Licht |
1,912 | 76 | ||||||
| PATRIZIA Immobilien |
2,503 | 48 | ||||||
| Pfeiffer Vacuum Technology |
369 | 55 | ||||||
| ProSiebenSat.1 Media |
67,567 | 1,755 | ||||||
| Puma |
159 | 78 | ||||||
| QIAGEN* |
57,877 | 2,191 | ||||||
| Rational |
188 | 136 | ||||||
| Rheinmetall |
2,402 | 251 | ||||||
| RHOEN-KLINIKUM |
1,049 | 27 | ||||||
| RIB Software |
1,897 | 40 | ||||||
| Rocket Internet* |
3,959 | 124 | ||||||
| RWE |
10,941 | 270 | ||||||
| S&T |
2,737 | 81 | ||||||
| SAF-Holland |
2,523 | 38 | ||||||
| Salzgitter |
2,203 | 110 | ||||||
| SAP |
120,774 | 14,863 | ||||||
| Scout24 |
5,927 | 276 | ||||||
| Senvion* |
1,099 | 8 | ||||||
| SGL Carbon* |
3,188 | 35 | ||||||
| Shop Apotheke Europe* |
439 | 22 | ||||||
| Siemens |
16,181 | 2,073 | ||||||
| Siemens Healthineers* |
3,165 | 139 | ||||||
| Siltronic |
1,168 | 143 | ||||||
| Sixt |
634 | 79 | ||||||
| Sixt Leasing |
519 | 9 | ||||||
| SLM Solutions Group* |
532 | 13 | ||||||
| SMA Solar Technology |
569 | 13 | ||||||
| Software |
2,678 | 122 | ||||||
| Stabilus |
10,708 | 885 | ||||||
| STADA Arzneimittel |
1,302 | 123 | ||||||
| STRATEC Biomedical |
209 | 16 | ||||||
| Stroeer & KGaA |
1,423 | 81 | ||||||
| Suedzucker |
3,679 | 49 | ||||||
| Surteco |
337 | 9 | ||||||
| Symrise |
8,737 | 799 | ||||||
| TAG Immobilien |
6,710 | 160 | ||||||
| Takkt |
1,685 | 27 | ||||||
| Telefonica Deutschland Holding |
15,476 | 65 | ||||||
| ThyssenKrupp |
9,382 | 237 | ||||||
| TLG Immobilien |
5,211 | 136 | ||||||
| TUI |
14,510 | 279 | ||||||
| Uniper |
4,502 | 138 | ||||||
| United Internet |
2,693 | 127 | ||||||
| Vapiano* |
484 | 5 | ||||||
| Varta* |
698 | 23 | ||||||
| VERBIO Vereinigte BioEnergie |
974 | 7 | ||||||
| Volkswagen |
693 | 121 | ||||||
| Vonovia |
10,268 | 503 | ||||||
| Vossloh |
602 | 31 | ||||||
| VTG |
754 | 46 | ||||||
| Wacker Neuson |
1,362 | 35 | ||||||
| Washtec |
584 | 51 | ||||||
| Wirecard |
3,653 | 792 | ||||||
| Wuestenrot & Wuerttembergische |
1,183 | 27 | ||||||
| |
157 | 54 | ||||||
| Zalando* |
2,196 | 85 | ||||||
| zooplus* |
686 | 119 | ||||||
|
|
|
|||||||
| 89,753 | ||||||||
|
|
|
|||||||
| Greece – 0.2% |
||||||||
| Aegean Airlines |
27,543 | 243 | ||||||
| Alpha Bank AE* |
100,246 | 144 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Fourlis Holdings |
59,150 | $ | 355 | |||||
| Grivalia Properties REIC AE‡ |
101,881 | 943 | ||||||
| Hellenic Petroleum |
8,507 | 74 | ||||||
| JUMBO |
22,632 | 336 | ||||||
| Motor Oil Hellas Corinth Refineries |
58,239 | 1,522 | ||||||
|
|
|
|||||||
| 3,617 | ||||||||
|
|
|
|||||||
| Hong Kong – 5.6% |
||||||||
| Agile Group Holdings |
448,000 | 633 | ||||||
| Agricultural Bank of China, Cl H |
4,157,000 | 2,039 | ||||||
| Agritrade Resources |
135,000 | 30 | ||||||
| AIA Group |
1,616,800 | 14,437 | ||||||
| Ajisen China Holdings |
524,000 | 216 | ||||||
| ANTA Sports Products |
227,000 | 1,089 | ||||||
| ASM Pacific Technology |
5,800 | 59 | ||||||
| Bank of China, Cl H |
5,919,000 | 2,631 | ||||||
| Bank of East Asia |
28,779 | 107 | ||||||
| BOC Hong Kong Holdings |
78,500 | 373 | ||||||
| BOCOM International Holdings |
39,000 | 8 | ||||||
| Bright Smart Securities & Commodities Group |
32,000 | 7 | ||||||
| Brightoil Petroleum Holdings* |
155,000 | 15 | ||||||
| Cafe de Coral Holdings |
18,000 | 41 | ||||||
| Camsing International Holding* |
24,000 | 21 | ||||||
| Champion‡ |
103,000 | 72 | ||||||
| Chanjet Information Technology, Cl H* |
13,600 | 18 | ||||||
| China Construction Bank, Cl H |
4,267,000 | 3,728 | ||||||
| China LNG Group |
100,000 | 15 | ||||||
| China Mengniu Dairy |
237,000 | 789 | ||||||
| China Mobile |
481,000 | 4,740 | ||||||
| China Petroleum & Chemical, Cl H |
118,000 | 118 | ||||||
| China Resources Cement Holdings |
404,000 | 470 | ||||||
| China Sanjiang Fine Chemicals |
102,000 | 27 | ||||||
| China Shineway Pharmaceutical Group |
102,000 | 139 | ||||||
| China Tonghai International Financial* |
100,000 | 10 | ||||||
| China Trustful Group* |
36,000 | 10 | ||||||
| China Unicom Hong Kong |
798,000 | 939 | ||||||
| Chinasoft International |
52,000 | 35 | ||||||
| Chinese Estates Holdings |
25,000 | 29 | ||||||
| Chow Sang Sang Holdings International |
15,000 | 29 | ||||||
| CITIC Telecom International Holdings |
71,000 | 24 | ||||||
| CK Asset Holdings |
55,638 | 418 | ||||||
| CK Hutchison Holdings |
200,384 | 2,309 | ||||||
| CK Infrastructure Holdings |
14,000 | 111 | ||||||
| CK Life Sciences Int’l Holdings |
126,000 | 8 | ||||||
| CLP Holdings |
207,000 | 2,424 | ||||||
| CMBC Capital Holdings* |
640,000 | 32 | ||||||
| C-Mer Eye Care Holdings* |
14,000 | 8 | ||||||
| CNOOC |
1,770,000 | 3,504 | ||||||
| Convoy Global Holdings* |
402,000 | 4 | ||||||
| Country Garden Holdings |
134,000 | 169 | ||||||
| Country Garden Services Holdings* |
27,471 | 47 | ||||||
| CSI Properties |
230,000 | 11 | ||||||
| CSPC Pharmaceutical Group |
712,000 | 1,511 | ||||||
| Dah Sing Banking Group |
25,200 | 51 | ||||||
| Dah Sing Financial Holdings |
8,000 | 51 | ||||||
| Digital Domain Holdings* |
620,000 | 8 | ||||||
| Dingyi Group Investment* |
155,000 | 11 | ||||||
| Emperor Capital Group |
126,000 | 6 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Emperor International Holdings |
48,000 | $ | 13 | |||||
| ENN Energy Holdings |
163,000 | 1,415 | ||||||
| Esprit Holdings* |
1,645,777 | 395 | ||||||
| Fairwood Holdings |
2,500 | 9 | ||||||
| Far East Consortium International |
72,000 | 38 | ||||||
| FIH Mobile |
169,000 | 19 | ||||||
| First Pacific |
564,000 | 278 | ||||||
| Freeman FinTech* |
380,000 | 4 | ||||||
| Galaxy Entertainment Group |
49,000 | 310 | ||||||
| Geely Automobile Holdings |
37,000 | 74 | ||||||
| Giordano International |
62,000 | 31 | ||||||
| Global Brands Group Holding* |
260,000 | 14 | ||||||
| Goodbaby International Holdings |
307,000 | 123 | ||||||
| Great Eagle Holdings |
13,411 | 67 | ||||||
| Guangnan Holdings |
210,000 | 24 | ||||||
| Guangzhou Baiyunshan |
||||||||
| Pharmaceutical Holdings, Cl H |
138,000 | 492 | ||||||
| Guotai Junan International Holdings |
184,000 | 32 | ||||||
| Haier Electronics Group |
562,416 | 1,527 | ||||||
| Haitong International Securities Group |
115,407 | 40 | ||||||
| Hang Lung Group |
19,000 | 50 | ||||||
| Hang Lung Properties |
40,000 | 78 | ||||||
| Hang Seng Bank |
16,000 | 435 | ||||||
| Health and Happiness H&H International Holdings* |
10,000 | 60 | ||||||
| Henderson Land Development |
27,280 | 137 | ||||||
| Hengan International Group |
78,458 | 724 | ||||||
| HK Electric Investments & HK Electric Investments |
48,658 | 49 | ||||||
| HKBN |
36,500 | 63 | ||||||
| HKT Trust |
74,740 | 103 | ||||||
| Hong Kong & China Gas |
193,208 | 384 | ||||||
| Hong Kong Exchanges and Clearing |
25,072 | 717 | ||||||
| Hong Kong International Construction Investment Management Group |
62,000 | 14 | ||||||
| Hongkong & Shanghai Hotels |
210,749 | 294 | ||||||
| Hopewell Holdings |
31,000 | 102 | ||||||
| HSBC Holdings |
731,075 | 6,462 | ||||||
| Huarong International Financial Holdings |
76,000 | 8 | ||||||
| Hutchison Telecommunications Hong Kong Holdings |
64,000 | 25 | ||||||
| Hysan Development |
13,000 | 66 | ||||||
| IGG |
30,000 | 37 | ||||||
| Industrial & Commercial Bank of China, Cl H |
4,138,000 | 3,024 | ||||||
| IT |
24,000 | 13 | ||||||
| Johnson Electric Holdings |
18,000 | 51 | ||||||
| K Wah International Holdings |
66,872 | 32 | ||||||
| Kerry Logistics Network |
35,000 | 58 | ||||||
| Kerry Properties |
14,000 | 47 | ||||||
| Kingboard Holdings |
314,500 | 1,027 | ||||||
| Kingboard Laminates Holdings |
431,000 | 382 | ||||||
| Lai Sun Development |
9,600 | 14 | ||||||
| Landing International Development* |
75,600 | 24 | ||||||
| Langham Hospitality Investments and Langham Hospitality Investments |
32,000 | 12 | ||||||
| Leyou Technologies Holdings* |
70,000 | 23 | ||||||
| Li & Fung |
136,000 | 30 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Li Ning* |
697,291 | $ | 659 | |||||
| Lifestyle International Holdings |
29,500 | 58 | ||||||
| Link‡ |
44,500 | 438 | ||||||
| Liu Chong Hing Investment |
12,000 | 18 | ||||||
| L’Occitane International |
56,814 | 102 | ||||||
| Logan Property Holdings |
224,000 | 253 | ||||||
| Lonking Holdings |
320,000 | 103 | ||||||
| Luk Fook Holdings International |
18,000 | 63 | ||||||
| Macau Legend Development |
158,000 | 29 | ||||||
| Man Wah Holdings |
77,600 | 46 | ||||||
| Melco International Development |
41,000 | 82 | ||||||
| Melco Resorts & Entertainment ADR |
5,073 | 107 | ||||||
| MGM China Holdings |
17,200 | 27 | ||||||
| Microport Scientific |
16,000 | 21 | ||||||
| Minth Group |
14,000 | 58 | ||||||
| MTR |
31,680 | 167 | ||||||
| Nameson Holdings |
58,000 | 8 | ||||||
| New World Development |
145,459 | 198 | ||||||
| NewOcean Energy Holdings |
38,000 | 12 | ||||||
| NWS Holdings |
34,252 | 68 | ||||||
| OP Financial Investments |
52,000 | 18 | ||||||
| Pacific Basin Shipping |
233,000 | 56 | ||||||
| Pacific Textiles Holdings |
46,000 | 39 | ||||||
| PCCW |
80,136 | 47 | ||||||
| Ping An Insurance Group of China, Cl H |
312,000 | 3,168 | ||||||
| Poly Property Group |
135,000 | 48 | ||||||
| Power Assets Holdings |
30,500 | 212 | ||||||
| Prosperity‡ |
84,000 | 33 | ||||||
| Regal‡ |
66,000 | 19 | ||||||
| Regal Hotels International Holdings |
18,000 | 10 | ||||||
| Regina Miracle International Holdings |
15,000 | 10 | ||||||
| Sa Sa International Holdings |
62,551 | 35 | ||||||
| Sands China |
51,200 | 232 | ||||||
| Scud Group* (A) |
252,000 | 15 | ||||||
| Shanghai Industrial Urban |
||||||||
| Development Group |
134,000 | 22 | ||||||
| Shangri-La Asia |
22,000 | 33 | ||||||
| Shenzhou International Group Holdings |
177,000 | 2,270 | ||||||
| Shui On Land |
287,500 | 67 | ||||||
| Shun Tak Holdings |
70,000 | 24 | ||||||
| Singamas Container Holdings |
104,000 | 16 | ||||||
| Sino Land |
69,554 | 119 | ||||||
| Sino-Ocean Group Holding |
349,500 | 154 | ||||||
| Sinotruk Hong Kong |
660,000 | 1,436 | ||||||
| SITC International Holdings |
67,485 | 54 | ||||||
| SJM Holdings |
44,000 | 41 | ||||||
| SmarTone Telecommunications Holdings |
85,002 | 113 | ||||||
| Stella International Holdings |
459,448 | 410 | ||||||
| Sun Hung Kai |
19,000 | 10 | ||||||
| Sun Hung Kai Properties |
33,893 | 494 | ||||||
| SUNeVision Holdings |
43,000 | 29 | ||||||
| Sunlight‡ |
65,000 | 44 | ||||||
| Sunny Optical Technology Group |
43,000 | 496 | ||||||
| Swire Pacific, Cl A |
10,000 | 110 | ||||||
| Swire Properties |
23,600 | 89 | ||||||
| Tai United Holdings |
65,000 | 3 | ||||||
| Techtronic Industries |
28,000 | 179 | ||||||
| Television Broadcasts |
135,200 | 385 | ||||||
| Tencent Holdings |
166,400 | 6,870 | ||||||
| Texwinca Holdings |
44,000 | 17 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Tingyi Cayman Islands Holding |
1,045,014 | $ | 1,919 | |||||
| TK Group Holdings |
20,000 | 13 | ||||||
| Town Health International Medical Group* |
154,000 | 7 | ||||||
| United Laboratories International Holdings |
30,000 | 27 | ||||||
| Value Partners Group |
51,000 | 41 | ||||||
| VSTECS Holdings |
36,000 | 19 | ||||||
| VTech Holdings |
8,400 | 97 | ||||||
| Want Want China Holdings |
1,463,996 | 1,232 | ||||||
| We Solutions* |
96,000 | 13 | ||||||
| Weichai Power, Cl H |
677,000 | 839 | ||||||
| WH Group |
185,601 | 131 | ||||||
| Wharf Holdings |
27,000 | 73 | ||||||
| Wharf Real Estate Investment |
27,000 | 174 | ||||||
| Wheelock |
16,000 | 96 | ||||||
| Wynn Macau |
30,400 | 70 | ||||||
| Xin Point Holdings |
22,000 | 9 | ||||||
| Xinyi Glass Holdings |
656,000 | 828 | ||||||
| Yue Yuen Industrial Holdings |
13,500 | 38 | ||||||
|
|
|
|||||||
| 88,601 | ||||||||
|
|
|
|||||||
| Hungary – 0.1% |
||||||||
| OTP Bank |
55,517 | 2,057 | ||||||
|
|
|
|||||||
| India – 2.5% |
||||||||
| Asian Paints |
56,063 | 1,000 | ||||||
| Axis Bank |
147,693 | 1,249 | ||||||
| Bajaj Finance |
49,192 | 1,471 | ||||||
| Bharti Airtel |
89,650 | 418 | ||||||
| Britannia Industries |
12,326 | 991 | ||||||
| HCL Technologies |
43,181 | 648 | ||||||
| HDFC Bank |
50,580 | 1,401 | ||||||
| HDFC Bank ADR |
4,186 | 394 | ||||||
| HDFC Standard Life Insurance |
187,535 | 1,013 | ||||||
| Hinduja Global Solutions |
7,976 | 73 | ||||||
| Hindustan Unilever |
55,752 | 1,237 | ||||||
| Housing Development Finance |
186,535 | 4,515 | ||||||
| IndusInd Bank |
51,343 | 1,197 | ||||||
| Infosys |
432,388 | 4,355 | ||||||
| Infosys ADR |
591,260 | 6,013 | ||||||
| KPIT Technologies |
94,303 | 278 | ||||||
| Maruti Suzuki India |
9,999 | 1,014 | ||||||
| Mindtree |
23,414 | 334 | ||||||
| MRF |
1,106 | 970 | ||||||
| NIIT Technologies |
39,734 | 601 | ||||||
| Oil & Natural Gas |
120,753 | 295 | ||||||
| Petronet LNG |
245,868 | 762 | ||||||
| Redington India |
100,640 | 130 | ||||||
| Shriram Transport Finance |
21,707 | 345 | ||||||
| State Bank of India GDR* |
22,210 | 807 | ||||||
| Tata Consultancy Services |
190,109 | 5,727 | ||||||
| UPL |
120,358 | 1,103 | ||||||
| Venky’s India |
3,330 | 100 | ||||||
| Vodafone Idea* |
644,503 | 343 | ||||||
| Wipro |
27,327 | 122 | ||||||
| WNS Holdings ADR* |
2,386 | 121 | ||||||
|
|
|
|||||||
| 39,027 | ||||||||
|
|
|
|||||||
| Indonesia – 0.5% |
||||||||
| Adaro Energy |
1,540,100 | 190 | ||||||
| Bank Negara Indonesia Persero |
3,227,300 | 1,603 | ||||||
| Bank Pan Indonesia* |
346,400 | 23 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Bank Pembangunan Daerah Jawa Timur |
467,000 | $ | 20 | |||||
| Bank Rakyat Indonesia Persero |
9,098,900 | 1,924 | ||||||
| Japfa Comfeed Indonesia |
279,200 | 38 | ||||||
| Media Nusantara Citra |
5,070,643 | 274 | ||||||
| Telekomunikasi Indonesia Persero |
6,969,900 | 1,703 | ||||||
| Unilever Indonesia |
358,200 | 1,130 | ||||||
| United Tractors |
236,500 | 523 | ||||||
|
|
|
|||||||
| 7,428 | ||||||||
|
|
|
|||||||
| Ireland – 0.5% |
||||||||
| AIB Group |
17,513 | 90 | ||||||
| Bank of Ireland Group |
116,374 | 890 | ||||||
| C&C Group |
17,335 | 67 | ||||||
| CRH |
182,222 | 5,961 | ||||||
| Dalata Hotel Group |
10,136 | 81 | ||||||
| Glanbia |
10,989 | 189 | ||||||
| Glenveagh Properties* |
34,233 | 39 | ||||||
| Green‡ |
34,343 | 60 | ||||||
| Hibernia‡ |
36,731 | 61 | ||||||
| Irish Continental Group |
62,703 | 379 | ||||||
| Irish Residential Properties‡ |
20,446 | 35 | ||||||
| Origin Enterprises |
6,692 | 44 | ||||||
| Paddy Power Betfair |
5,499 | 469 | ||||||
| Permanent TSB Group Holdings* |
5,460 | 14 | ||||||
| Ryanair Holdings ADR* |
487 | 47 | ||||||
| Smurfit Kappa Group |
4,864 | 192 | ||||||
|
|
|
|||||||
| 8,618 | ||||||||
|
|
|
|||||||
| Israel – 0.5% |
||||||||
| Africa Israel Properties* |
517 | 13 | ||||||
| Airport City* |
4,288 | 52 | ||||||
| Alony Hetz Properties & Investments |
6,001 | 64 | ||||||
| Amot Investments |
6,867 | 36 | ||||||
| Azrieli Group |
799 | 41 | ||||||
| B Communications* |
664 | 6 | ||||||
| Bank Hapoalim |
22,087 | 162 | ||||||
| Bank Leumi Le-Israel |
32,990 | 217 | ||||||
| Bayside Land |
55 | 26 | ||||||
| Bezeq The Israeli Telecommunication |
38,296 | 44 | ||||||
| Big Shopping Centers |
184 | 13 | ||||||
| Blue Square Real Estate |
240 | 9 | ||||||
| Brack Capital Properties* |
183 | 21 | ||||||
| Cellcom Israel* |
2,918 | 20 | ||||||
| Check Point Software Technologies* |
35,995 | 4,237 | ||||||
| Clal Insurance Enterprises Holdings* |
1,930 | 36 | ||||||
| Delek Automotive Systems |
1,428 | 8 | ||||||
| Delek Group |
194 | 33 | ||||||
| Delta-Galil Industries |
384 | 11 | ||||||
| Elbit Systems |
542 | 68 | ||||||
| Elco |
655 | 12 | ||||||
| Electra |
78 | 19 | ||||||
| First International Bank of Israel |
2,906 | 66 | ||||||
| Formula Systems 1985 |
581 | 25 | ||||||
| Frutarom Industries |
841 | 87 | ||||||
| Gazit-Globe |
5,336 | 49 | ||||||
| Harel Insurance Investments & Financial Services |
6,037 | 46 | ||||||
| IDI Insurance |
463 | 29 | ||||||
| Industrial Buildings* |
11,517 | 16 | ||||||
| Israel |
190 | 61 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Israel Chemicals |
13,795 | $ | 84 | |||||
| Israel Discount Bank, Cl A |
64,622 | 215 | ||||||
| Jerusalem Economy* |
12,206 | 34 | ||||||
| Jerusalem Oil Exploration* |
412 | 25 | ||||||
| Kenon Holdings |
723 | 12 | ||||||
| Matrix IT |
1,358 | 16 | ||||||
| Mazor Robotics* |
2,396 | 69 | ||||||
| Melisron |
955 | 42 | ||||||
| Menora Mivtachim Holdings |
953 | 11 | ||||||
| Migdal Insurance & Financial Holding |
21,630 | 24 | ||||||
| Mizrahi Tefahot Bank |
2,602 | 46 | ||||||
| Naphtha Israel Petroleum* |
1,510 | 10 | ||||||
| NICE-Systems* |
1,284 | 145 | ||||||
| Norstar Holdings |
544 | 9 | ||||||
| Nova Measuring Instruments* |
1,849 | 48 | ||||||
| Oil Refineries |
104,992 | 52 | ||||||
| Partner Communications* |
5,859 | 31 | ||||||
| Paz Oil |
530 | 84 | ||||||
| Phoenix Holdings |
5,994 | 36 | ||||||
| Radware* |
2,566 | 68 | ||||||
| Rami Levy Chain Stores Hashikma Marketing 2006 |
243 | 11 | ||||||
| Reit 1‡ |
9,175 | 37 | ||||||
| Sapiens International |
1,817 | 22 | ||||||
| Shapir Engineering and Industry |
7,959 | 29 | ||||||
| Shikun & Binui* |
10,716 | 22 | ||||||
| Shufersal |
5,578 | 36 | ||||||
| Strauss Group |
2,648 | 58 | ||||||
| Summit Real Estate Holdings |
1,739 | 16 | ||||||
| Teva Pharmaceutical Industries |
11,819 | 258 | ||||||
| Teva Pharmaceutical Industries ADR |
8,153 | 176 | ||||||
| Tower Semiconductor* |
5,530 | 120 | ||||||
|
|
|
|||||||
| 7,373 | ||||||||
|
|
|
|||||||
| Italy – 1.7% |
||||||||
| A2A |
87,423 | 151 | ||||||
| ACEA |
3,110 | 47 | ||||||
| Aeroporto Guglielmo Marconi Di Bologna |
818 | 14 | ||||||
| Amplifon |
4,506 | 100 | ||||||
| Anima Holding |
17,205 | 85 | ||||||
| Aquafil |
1,068 | 15 | ||||||
| Arnoldo Mondadori Editore* |
6,704 | 12 | ||||||
| Ascopiave |
2,362 | 8 | ||||||
| Assicurazioni Generali |
24,582 | 425 | ||||||
| ASTM |
2,348 | 51 | ||||||
| Atlantia |
10,059 | 209 | ||||||
| Autogrill |
7,213 | 74 | ||||||
| Azimut Holding |
6,832 | 102 | ||||||
| Banca Carige* |
1,700,888 | 13 | ||||||
| Banca Farmafactoring |
5,240 | 31 | ||||||
| Banca Generali |
3,328 | 86 | ||||||
| Banca IFIS |
1,181 | 27 | ||||||
| Banca Mediolanum |
14,650 | 100 | ||||||
| Banca Monte dei Paschi di Siena* |
14,128 | 37 | ||||||
| Banca Popolare di Sondrio SCPA |
24,059 | 92 | ||||||
| Banco BPM* |
83,020 | 205 | ||||||
| Beni Stabili SIIQ‡ |
48,661 | 43 | ||||||
| Biesse |
764 | 27 | ||||||
| Bio On Spa* |
500 | 33 | ||||||
| BPER Banca |
21,353 | 99 | ||||||
| Brembo |
8,448 | 111 | ||||||
| Brunello Cucinelli |
1,727 | 67 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Buzzi Unicem |
3,884 | $ | 80 | |||||
| Buzzi Unicem RSP |
2,149 | 26 | ||||||
| Cairo Communication |
2,369 | 9 | ||||||
| Cementir Holding |
1,553 | 11 | ||||||
| Cerved Group |
10,961 | 118 | ||||||
| CIR-Compagnie Industriali Riunite |
17,051 | 19 | ||||||
| CNH Industrial |
136,515 | 1,641 | ||||||
| Credito Emiliano |
4,286 | 28 | ||||||
| Credito Valtellinese |
371,735 | 47 | ||||||
| Danieli & C Officine Meccaniche |
669 | 18 | ||||||
| Danieli & C Officine Meccaniche RSP |
2,570 | 46 | ||||||
| Datalogic |
1,158 | 42 | ||||||
| Davide Campari-Milano |
64,632 | 550 | ||||||
| De’ Longhi |
3,597 | 113 | ||||||
| DeA Capital |
6,494 | 10 | ||||||
| DiaSorin |
1,207 | 127 | ||||||
| doBank |
2,088 | 23 | ||||||
| Ei Towers |
928 | 61 | ||||||
| El.En. |
474 | 12 | ||||||
| Enav |
16,201 | 79 | ||||||
| Enel |
171,141 | 876 | ||||||
| Eni |
219,567 | 4,151 | ||||||
| ERG |
3,518 | 72 | ||||||
| EXOR |
2,412 | 162 | ||||||
| Falck Renewables |
6,160 | 13 | ||||||
| Ferrari |
2,543 | 350 | ||||||
| Fiat Chrysler Automobiles* |
22,888 | 402 | ||||||
| Fila |
1,137 | 23 | ||||||
| Fincantieri |
28,316 | 46 | ||||||
| FinecoBank Banca Fineco |
21,854 | 292 | ||||||
| Geox |
3,289 | 8 | ||||||
| Gima TT |
1,837 | 23 | ||||||
| Hera |
44,279 | 138 | ||||||
| IMA Industria Macchine Automatiche |
1,002 | 84 | ||||||
| Immobiliare Grande Distribuzione SIIQ‡ |
2,795 | 21 | ||||||
| Infrastrutture Wireless Italiane |
12,834 | 95 | ||||||
| Interpump Group |
4,209 | 138 | ||||||
| Intesa Sanpaolo |
1,524,196 | 3,894 | ||||||
| Iren |
35,504 | 87 | ||||||
| Italgas |
27,097 | 147 | ||||||
| Italmobiliare |
938 | 23 | ||||||
| Juventus Football Club* |
19,509 | 33 | ||||||
| La Doria |
707 | 9 | ||||||
| Leonardo-Finmeccanica |
8,091 | 98 | ||||||
| Luxottica Group |
34,125 | 2,320 | ||||||
| Maire Tecnimont |
8,266 | 37 | ||||||
| MARR |
1,816 | 53 | ||||||
| Mediaset* |
18,496 | 58 | ||||||
| Mediobanca |
13,123 | 131 | ||||||
| Moncler |
3,697 | 159 | ||||||
| OVS* |
9,853 | 28 | ||||||
| Piaggio & C |
193,150 | 443 | ||||||
| Pirelli & C* |
8,143 | 68 | ||||||
| Poste Italiane |
10,764 | 86 | ||||||
| Prima Industrie |
216 | 7 | ||||||
| Prysmian |
5,023 | 117 | ||||||
| RAI Way |
4,576 | 23 | ||||||
| Recordati |
2,132 | 72 | ||||||
| Reply |
1,177 | 81 | ||||||
| Safilo Group* |
1,581 | 4 | ||||||
| Saipem* |
207,677 | 1,280 | ||||||
| Salini Impregilo |
10,123 | 25 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Salvatore Ferragamo |
2,673 | $ | 64 | |||||
| Saras |
24,143 | 52 | ||||||
| Sesa |
536 | 17 | ||||||
| Snam |
496,396 | 2,068 | ||||||
| Societa Cattolica di Assicurazioni SC |
7,623 | 66 | ||||||
| Societa Iniziative Autostradali e Servizi |
3,996 | 59 | ||||||
| Sogefi* |
2,114 | 5 | ||||||
| Tamburi Investment Partners |
5,229 | 39 | ||||||
| Technogym |
4,689 | 58 | ||||||
| Telecom Italia* |
239,760 | 146 | ||||||
| Telecom Italia RSP |
118,219 | 64 | ||||||
| Tenaris |
9,931 | 166 | ||||||
| Terna Rete Elettrica Nazionale |
30,239 | 162 | ||||||
| Tod’s |
534 | 36 | ||||||
| UniCredit |
101,121 | 1,521 | ||||||
| Unione di Banche Italiane |
57,023 | 229 | ||||||
| Unipol Gruppo |
20,262 | 90 | ||||||
| Zignago Vetro |
1,102 | 11 | ||||||
|
|
|
|||||||
| 26,354 | ||||||||
|
|
|
|||||||
| Japan – 15.0% |
||||||||
| 77 Bank |
2,800 | 67 | ||||||
| ABC-Mart |
2,200 | 122 | ||||||
| Achilles |
500 | 10 | ||||||
| Acom |
7,800 | 31 | ||||||
| Activia Properties‡ |
33 | 143 | ||||||
| Adastria |
1,300 | 17 | ||||||
| ADEKA |
4,900 | 84 | ||||||
| Advan |
1,300 | 11 | ||||||
| Advance Residence Investment‡ |
69 | 176 | ||||||
| Advantest |
10,000 | 211 | ||||||
| Aeon |
12,900 | 311 | ||||||
| Aeon Delight |
3,300 | 120 | ||||||
| Aeon Fantasy |
300 | 11 | ||||||
| AEON Financial Service |
13,500 | 281 | ||||||
| AEON Investment‡ |
73 | 78 | ||||||
| Aeon Mall |
2,100 | 36 | ||||||
| AGC |
3,800 | 158 | ||||||
| Ai Holdings |
1,900 | 44 | ||||||
| Aica Kogyo |
2,700 | 109 | ||||||
| Aichi |
2,400 | 13 | ||||||
| Aichi Bank |
400 | 18 | ||||||
| Aichi Steel |
600 | 23 | ||||||
| Aida Engineering |
3,100 | 28 | ||||||
| Aiful* |
16,700 | 50 | ||||||
| Ain Holdings |
1,500 | 121 | ||||||
| Air Water |
3,300 | 61 | ||||||
| Aisan Industry |
2,000 | 17 | ||||||
| Aisin Seiki |
3,400 | 165 | ||||||
| Ajinomoto |
9,200 | 158 | ||||||
| Akatsuki |
200 | 8 | ||||||
| Akebono Brake Industry |
3,800 | 9 | ||||||
| Akita Bank |
1,000 | 26 | ||||||
| Alfresa Holdings |
22,900 | 613 | ||||||
| Alpen |
1,000 | 18 | ||||||
| Alpine Electronics |
2,200 | 41 | ||||||
| Alps Electric |
4,000 | 102 | ||||||
| Altech |
800 | 18 | ||||||
| Amada Holdings |
7,200 | 77 | ||||||
| Amano |
3,200 | 67 | ||||||
| Amuse |
400 | 11 | ||||||
| ANA Holdings |
2,200 | 77 | ||||||
| Anest Iwata |
1,300 | 13 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Anicom Holdings |
700 | $ | 23 | |||||
| Anritsu |
7,800 | 129 | ||||||
| AOI Electronics |
300 | 10 | ||||||
| AOKI Holdings |
2,400 | 33 | ||||||
| Aomori Bank |
1,100 | 33 | ||||||
| Aoyama Trading |
2,300 | 71 | ||||||
| Aozora Bank |
2,300 | 82 | ||||||
| Arata |
600 | 30 | ||||||
| Arcland Sakamoto |
1,500 | 20 | ||||||
| Arcland Service Holdings |
600 | 11 | ||||||
| Arcs |
2,400 | 65 | ||||||
| Ariake Japan |
1,000 | 100 | ||||||
| Aruhi |
1,100 | 23 | ||||||
| As One |
900 | 67 | ||||||
| Asahi |
1,000 | 13 | ||||||
| Asahi Diamond Industrial |
2,200 | 16 | ||||||
| Asahi Group Holdings |
11,000 | 477 | ||||||
| Asahi Holdings |
2,100 | 38 | ||||||
| Asahi Intecc |
5,000 | 218 | ||||||
| Asahi Kasei |
27,200 | 412 | ||||||
| Asics |
3,300 | 49 | ||||||
| ASKA Pharmaceutical |
700 | 10 | ||||||
| ASKUL |
1,300 | 39 | ||||||
| Astellas Pharma |
51,200 | 892 | ||||||
| Ateam |
400 | 7 | ||||||
| Atom |
5,200 | 47 | ||||||
| Autobacs Seven |
3,700 | 64 | ||||||
| Avex |
1,800 | 26 | ||||||
| Awa Bank |
1,800 | 56 | ||||||
| Axial Retailing |
900 | 32 | ||||||
| Azbil |
15,400 | 335 | ||||||
| Bando Chemical Industries |
2,200 | 26 | ||||||
| Bank of Iwate |
1,000 | 44 | ||||||
| Bank of Kyoto |
1,100 | 57 | ||||||
| Bank of Nagoya |
800 | 27 | ||||||
| Bank of Okinawa |
1,400 | 50 | ||||||
| Bank of Saga |
500 | 10 | ||||||
| Bank of the Ryukyus |
2,300 | 28 | ||||||
| BayCurrent Consulting |
600 | 17 | ||||||
| Belc |
600 | 32 | ||||||
| Bell System24 Holdings |
1,900 | 30 | ||||||
| Belluna |
2,500 | 30 | ||||||
| Benefit One |
1,600 | 52 | ||||||
| Benesse Holdings |
1,500 | 43 | ||||||
| Bic Camera |
5,800 | 81 | ||||||
| BML |
1,200 | 37 | ||||||
| Bridgestone |
24,100 | 911 | ||||||
| Broadleaf |
3,600 | 26 | ||||||
| Bronco Billy |
400 | 13 | ||||||
| Brother Industries |
4,600 | 91 | ||||||
| Bunka Shutter |
3,200 | 24 | ||||||
| Calbee |
1,500 | 49 | ||||||
| Canon |
142,300 | 4,522 | ||||||
| Canon Electronics |
800 | 17 | ||||||
| Canon Marketing Japan |
2,800 | 59 | ||||||
| Capcom |
4,400 | 112 | ||||||
| Casio Computer |
27,700 | 453 | ||||||
| Cawachi |
900 | 18 | ||||||
| Central Glass |
2,000 | 52 | ||||||
| Central Japan Railway |
3,040 | 633 | ||||||
| Central Security Patrols |
400 | 18 | ||||||
| Chiba Bank |
23,300 | 159 | ||||||
| Chiba Kogyo Bank |
3,100 | 14 | ||||||
| Chiyoda |
9,400 | 77 | ||||||
| Chiyoda |
900 | 18 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Chiyoda Integre |
500 | $ | 10 | |||||
| Chofu Seisakusho |
1,300 | 30 | ||||||
| Chori |
800 | 15 | ||||||
| Chubu Electric Power |
13,300 | 201 | ||||||
| Chubu Shiryo |
1,300 | 18 | ||||||
| Chudenko |
2,000 | 46 | ||||||
| Chugai Pharmaceutical |
4,800 | 308 | ||||||
| Chugoku Bank |
8,200 | 84 | ||||||
| Chugoku Electric Power |
5,800 | 75 | ||||||
| Chugoku Marine Paints |
3,300 | 33 | ||||||
| Chukyo Bank |
400 | 8 | ||||||
| CI Takiron |
2,300 | 13 | ||||||
| Ci:z Holdings |
1,400 | 52 | ||||||
| Citizen Holdings |
17,100 | 113 | ||||||
| CKD |
2,700 | 35 | ||||||
| Clarion |
1,000 | 15 | ||||||
| Cleanup |
1,500 | 11 | ||||||
| CMIC Holdings |
500 | 10 | ||||||
| CMK |
2,600 | 20 | ||||||
| Coca-Cola Bottlers Japan Holdings |
2,800 | 75 | ||||||
| cocokara fine |
900 | 58 | ||||||
| COLOPL |
2,600 | 17 | ||||||
| Colowide |
3,100 | 79 | ||||||
| Comforia Residential‡ |
32 | 75 | ||||||
| Computer Engineering & Consulting |
1,500 | 37 | ||||||
| COMSYS Holdings |
6,000 | 178 | ||||||
| Comture |
500 | 19 | ||||||
| Concordia Financial Group |
39,800 | 195 | ||||||
| CONEXIO |
1,200 | 22 | ||||||
| COOKPAD |
2,500 | 10 | ||||||
| Corona, Cl A |
900 | 10 | ||||||
| Cosel |
800 | 9 | ||||||
| Cosmo Energy Holdings |
2,900 | 119 | ||||||
| Cosmos Pharmaceutical |
600 | 135 | ||||||
| Create Restaurants Holdings |
2,500 | 29 | ||||||
| Create SD Holdings |
1,500 | 39 | ||||||
| Credit Saison |
3,500 | 57 | ||||||
| CyberAgent |
2,100 | 112 | ||||||
| CYBERDYNE* |
2,000 | 16 | ||||||
| Dai Nippon Printing |
5,000 | 116 | ||||||
| Daibiru |
2,800 | 30 | ||||||
| Daicel |
4,900 | 57 | ||||||
| Dai-Dan |
800 | 20 | ||||||
| Daido Metal |
2,300 | 19 | ||||||
| Daido Steel |
1,400 | 68 | ||||||
| Daifuku |
6,200 | 316 | ||||||
| Daihen |
1,000 | 26 | ||||||
| Daiho |
1,000 | 28 | ||||||
| Daiichi Jitsugyo |
400 | 14 | ||||||
| Dai-ichi Life Holdings |
76,800 | 1,599 | ||||||
| Daiichi Sankyo |
12,100 | 524 | ||||||
| Daiichikosho |
2,200 | 106 | ||||||
| Daiken |
600 | 12 | ||||||
| Daikin Industries |
35,400 | 4,711 | ||||||
| Daikokutenbussan |
200 | 8 | ||||||
| Daikyo |
1,800 | 37 | ||||||
| Daikyonishikawa |
2,000 | 23 | ||||||
| Dainichiseika Color & Chemicals Manufacturing |
600 | 20 | ||||||
| Daio Paper |
3,800 | 54 | ||||||
| Daiseki |
2,000 | 55 | ||||||
| Daishi Bank |
1,500 | 66 | ||||||
| Daisyo |
700 | 11 | ||||||
| Daito Trust Construction |
1,500 | 193 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Daiwa House Industry |
18,600 | $ | 551 | |||||
| Daiwa House Investment, Cl A‡ |
34 | 78 | ||||||
| Daiwa Industries |
1,100 | 12 | ||||||
| Daiwa Office Investment‡ |
18 | 109 | ||||||
| Daiwa Securities Group |
33,100 | 201 | ||||||
| Daiwabo Holdings |
900 | 58 | ||||||
| DCM Holdings |
5,100 | 46 | ||||||
| Dena |
2,000 | 35 | ||||||
| Denka |
4,600 | 160 | ||||||
| Denki Kogyo |
400 | 11 | ||||||
| Denso |
203,800 | 10,761 | ||||||
| Dentsu |
4,500 | 209 | ||||||
| Denyo |
600 | 10 | ||||||
| Descente |
2,200 | 46 | ||||||
| Dexerials |
3,100 | 32 | ||||||
| DIC |
4,100 | 148 | ||||||
| Digital Arts |
600 | 28 | ||||||
| Digital Garage |
1,800 | 59 | ||||||
| Digital Hearts Holdings |
700 | 10 | ||||||
| Dip |
1,600 | 39 | ||||||
| Disco |
600 | 100 | ||||||
| DMG Mori |
5,500 | 92 | ||||||
| Don Quijote Holdings |
2,600 | 132 | ||||||
| Doshisha |
1,200 | 25 | ||||||
| Doutor Nichires Holdings |
2,100 | 39 | ||||||
| Dowa Holdings |
2,600 | 83 | ||||||
| DTS |
1,100 | 44 | ||||||
| Duskin |
2,200 | 54 | ||||||
| DyDo Group Holdings |
500 | 25 | ||||||
| Eagle Industry |
1,000 | 13 | ||||||
| Earth |
700 | 34 | ||||||
| East Japan Railway |
15,700 | 1,459 | ||||||
| Ebara |
5,400 | 186 | ||||||
| EDION |
3,600 | 40 | ||||||
| Ehime Bank |
1,800 | 20 | ||||||
| Eighteenth Bank |
800 | 27 | ||||||
| Eiken Chemical |
1,800 | 42 | ||||||
| Eisai |
5,320 | 518 | ||||||
| Eizo |
800 | 36 | ||||||
| Elecom |
1,000 | 25 | ||||||
| Electric Power Development |
3,100 | 86 | ||||||
| Elematec |
500 | 12 | ||||||
| en-japan |
1,700 | 85 | ||||||
| Enplas |
400 | 11 | ||||||
| EPS Holdings |
1,400 | 30 | ||||||
| eRex |
1,500 | 14 | ||||||
| ES-Con Japan |
2,300 | 16 | ||||||
| ESPEC |
900 | 17 | ||||||
| euglena* |
3,100 | 24 | ||||||
| Exedy |
1,600 | 53 | ||||||
| Ezaki Glico |
2,400 | 118 | ||||||
| F@N Communications |
1,800 | 11 | ||||||
| FamilyMart |
1,600 | 167 | ||||||
| Fancl |
1,900 | 93 | ||||||
| FANUC |
16,580 | 3,125 | ||||||
| Fast Retailing |
1,200 | 612 | ||||||
| FC Residential Investments‡ |
65 | 54 | ||||||
| FCC |
1,700 | 51 | ||||||
| FDK* |
600 | 8 | ||||||
| Feed One |
7,600 | 14 | ||||||
| Ferrotec Holdings |
1,800 | 17 | ||||||
| FFRI* |
300 | 8 | ||||||
| Fields |
1,000 | 8 | ||||||
| Financial Products Group |
3,400 | 33 | ||||||
| Foster Electric |
1,000 | 13 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| FP |
1,400 | $ | 85 | |||||
| France Bed Holdings |
1,600 | 14 | ||||||
| Frontier Real Estate Investment‡ |
24 | 93 | ||||||
| Fudo Tetra |
590 | 11 | ||||||
| Fuji |
3,400 | 54 | ||||||
| Fuji |
1,000 | 20 | ||||||
| Fuji Electric |
2,400 | 96 | ||||||
| Fuji Heavy Industries |
20,500 | 628 | ||||||
| Fuji Kyuko |
1,000 | 33 | ||||||
| Fuji Media Holdings |
31,100 | 552 | ||||||
| Fuji Oil Holdings |
2,800 | 88 | ||||||
| Fuji Pharma |
600 | 9 | ||||||
| Fuji Seal International |
2,300 | 81 | ||||||
| Fuji Soft |
1,400 | 71 | ||||||
| Fujibo Holdings |
400 | 12 | ||||||
| Fujicco |
1,200 | 25 | ||||||
| FUJIFILM Holdings |
26,400 | 1,189 | ||||||
| Fujikura |
13,100 | 62 | ||||||
| Fujimi |
1,000 | 26 | ||||||
| Fujimori Kogyo |
800 | 27 | ||||||
| Fujita Kanko |
300 | 9 | ||||||
| Fujitec |
3,400 | 46 | ||||||
| Fujitsu |
4,100 | 292 | ||||||
| Fujitsu General |
3,000 | 50 | ||||||
| Fujiya |
500 | 11 | ||||||
| Fukuda |
400 | 20 | ||||||
| Fukuda Denshi |
500 | 33 | ||||||
| Fukui Computer Holdings |
300 | 6 | ||||||
| Fukuoka Corp‡ |
34 | 53 | ||||||
| Fukuoka Financial Group |
9,600 | 264 | ||||||
| Fukushima Industries |
700 | 36 | ||||||
| Fukuyama Transporting |
1,600 | 69 | ||||||
| FULLCAST Holdings |
1,000 | 23 | ||||||
| Funai Soken Holdings |
2,150 | 49 | ||||||
| Furukawa |
1,700 | 25 | ||||||
| Furukawa Electric |
3,500 | 116 | ||||||
| Fuso Chemical |
800 | 19 | ||||||
| Futaba |
1,900 | 34 | ||||||
| Futaba Industrial |
2,500 | 18 | ||||||
| Future |
1,200 | 19 | ||||||
| Fuyo General Lease |
1,000 | 61 | ||||||
| Gecoss |
1,100 | 12 | ||||||
| Genky DrugStores |
400 | 15 | ||||||
| Geo Holdings |
1,400 | 21 | ||||||
| Giken |
1,000 | 27 | ||||||
| Global One Real Estate Investment‡ |
44 | 45 | ||||||
| Glory |
4,500 | 110 | ||||||
| GLP‡ |
180 | 175 | ||||||
| GMO internet |
3,700 | 65 | ||||||
| GMO Payment Gateway |
1,800 | 112 | ||||||
| GNI Group* |
700 | 28 | ||||||
| Godo Steel |
600 | 12 | ||||||
| Goldcrest |
600 | 10 | ||||||
| Goldwin |
600 | 41 | ||||||
| Gree |
5,900 | 28 | ||||||
| GS Yuasa |
3,800 | 94 | ||||||
| G-Tekt |
1,100 | 18 | ||||||
| GungHo Online Entertainment |
19,800 | 41 | ||||||
| Gunma Bank |
17,000 | 88 | ||||||
| Gunosy* |
1,000 | 18 | ||||||
| Gunze |
900 | 45 | ||||||
| Gurunavi |
1,400 | 11 | ||||||
| H2O Retailing |
4,600 | 76 | ||||||
| Hachijuni Bank |
18,700 | 86 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value (000)
|
||||||
| Hakuhodo DY Holdings |
5,100 | $ | 89 | |||||
| Halows |
500 | 12 | ||||||
| Hamakyorex |
900 | 33 | ||||||
| Hamamatsu Photonics |
3,100 | 123 | ||||||
| Hankyu Hanshin Holdings |
4,600 | 163 | ||||||
| Hankyu Hanshin‡ |
27 | 34 | ||||||
| Hanwa |
1,800 | 60 | ||||||
| Harmonic Drive Systems |
1,800 | 66 | ||||||
| Haseko |
14,400 | 187 | ||||||
| Hazama Ando |
8,600 | 66 | ||||||
| HEALIOS* |
1,100 | 17 | ||||||
| Heiwa |
2,900 | 65 | ||||||
| Heiwa Real Estate |
2,200 | 39 | ||||||
| Heiwa Real Estate‡ |
49 | 49 | ||||||
| Heiwado |
1,600 | 43 | ||||||
| Hibiya Engineering |
1,200 | 21 | ||||||
| Hiday Hidaka |
1,240 | 25 | ||||||
| Hikari Tsushin |
500 | 99 | ||||||
| Hino Motors |
5,600 | 61 | ||||||
| Hinokiya Group |
400 | 10 | ||||||
| Hioki EE |
400 | 13 | ||||||
| Hirata |
1,400 | 101 | ||||||
| Hirose Electric |
8,880 | 971 | ||||||
| Hiroshima Bank |
12,200 | 83 | ||||||
| HIS |
2,100 | 70 | ||||||
| Hisaka Works |
1,400 | 15 | ||||||
| Hisamitsu Pharmaceutical |
1,100 | 84 | ||||||
| Hitachi |
55,200 | 1,874 | ||||||
| Hitachi Capital |
2,600 | 72 | ||||||
| Hitachi Chemical |
2,500 | 51 | ||||||
| Hitachi Construction Machinery |
2,400 | 80 | ||||||
| Hitachi High-Technologies |
5,500 | 190 | ||||||
| Hitachi Metals |
3,900 | 48 | ||||||
| Hitachi Transport System |
2,600 | 73 | ||||||
| Hitachi Zosen |
8,600 | 36 | ||||||
| Hochiki |
800 | 12 | ||||||
| Hodogaya Chemical |
400 | 12 | ||||||
| Hogy Medical |
1,400 | 48 | ||||||
| Hokkaido Electric Power |
9,800 | 62 | ||||||
| Hokkoku Bank |
1,200 | 46 | ||||||
| Hokuetsu |
6,900 | 38 | ||||||
| Hokuetsu Bank |
1,100 | 24 | ||||||
| Hokuhoku Financial Group |
6,300 | 89 | ||||||
| Hokuriku Electric Power |
9,100 | 93 | ||||||
| Hokuto |
1,500 | 26 | ||||||
| Honda Motor |
224,000 | 6,780 | ||||||
| Horiba |
1,900 | 101 | ||||||
| Hoshino Resorts‡ |
12 | 59 | ||||||
| Hoshizaki Electric |
4,600 | 476 | ||||||
| Hosiden |
3,200 | 31 | ||||||
| Hosokawa Micron |
300 | 16 | ||||||
| House Foods Group |
3,300 | 99 | ||||||
| Hoya |
143,300 | 8,513 | ||||||
| Hulic |
6,800 | 67 | ||||||
| Hulic‡ |
53 | 77 | ||||||
| Hyakugo Bank |
12,000 | 48 | ||||||
| Hyakujushi Bank |
1,300 | 38 | ||||||
| Ibiden |
6,400 | 90 | ||||||
| IBJ Leasing |
1,600 | 43 | ||||||
| Ichibanya |
900 | 36 | ||||||
| Ichigo |
14,500 | 54 | ||||||
| Ichikoh Industries |
1,600 | 14 | ||||||
| Ichiyoshi Securities |
2,100 | 22 | ||||||
| Icom |
400 | 9 | ||||||
| Idec |
1,300 | 28 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Idemitsu Kosan |
2,700 | $ | 143 | |||||
| IDOM |
2,900 | 10 | ||||||
| IHI |
3,000 | 114 | ||||||
| Iida Group Holdings |
3,300 | 59 | ||||||
| Iino Kaiun Kaisha |
5,000 | 26 | ||||||
| Inaba Denki Sangyo |
1,600 | 71 | ||||||
| Inabata |
2,600 | 40 | ||||||
| Industrial & Infrastructure Fund Investment‡ |
76 | 77 | ||||||
| Ines |
1,100 | 13 | ||||||
| Infocom |
500 | 17 | ||||||
| Infomart |
4,800 | 63 | ||||||
| Information Services International- Dentsu |
700 | 26 | ||||||
| Inpex |
57,900 | 723 | ||||||
| Internet Initiative Japan |
1,700 | 34 | ||||||
| Invesco Office‡ |
496 | 71 | ||||||
| Invincible Investment‡ |
315 | 132 | ||||||
| Iriso Electronics |
1,000 | 52 | ||||||
| Iseki |
1,000 | 18 | ||||||
| Isetan Mitsukoshi Holdings |
29,900 | 367 | ||||||
| Ishihara Sangyo Kaisha* |
1,500 | 23 | ||||||
| Istyle |
1,900 | 23 | ||||||
| Isuzu Motors |
11,800 | 186 | ||||||
| Ito En |
2,800 | 124 | ||||||
| ITOCHU |
42,500 | 778 | ||||||
| Itochu Enex |
2,600 | 26 | ||||||
| Itochu Techno-Solutions |
11,100 | 241 | ||||||
| Itochu-Shokuhin |
200 | 11 | ||||||
| Itoham Yonekyu Holdings |
7,500 | 52 | ||||||
| Itoki |
1,500 | 9 | ||||||
| Itokuro* |
200 | 12 | ||||||
| Iwatani |
1,800 | 64 | ||||||
| Iyo Bank |
12,200 | 76 | ||||||
| Izumi |
2,000 | 133 | ||||||
| J Front Retailing |
4,800 | 74 | ||||||
| J Trust |
3,200 | 19 | ||||||
| JAC Recruitment |
700 | 16 | ||||||
| Jaccs |
1,400 | 30 | ||||||
| Jafco |
1,700 | 66 | ||||||
| Jamco |
500 | 14 | ||||||
| Japan‡ |
29 | 152 | ||||||
| Japan Airlines |
5,900 | 212 | ||||||
| Japan Airport Terminal |
1,000 | 46 | ||||||
| Japan Asset Marketing* |
8,600 | 9 | ||||||
| Japan Aviation Electronics Industry |
3,000 | 51 | ||||||
| Japan Cash Machine |
1,000 | 11 | ||||||
| Japan Display* |
33,400 | 37 | ||||||
| Japan Excellent‡ |
62 | 82 | ||||||
| Japan Exchange Group |
17,300 | 301 | ||||||
| Japan Hotel‡ |
223 | 162 | ||||||
| Japan Investment Adviser |
500 | 19 | ||||||
| Japan Lifeline |
2,800 | 59 | ||||||
| Japan Logistics Fund‡ |
48 | 94 | ||||||
| Japan Material |
3,400 | 46 | ||||||
| Japan Petroleum Exploration |
2,000 | 46 | ||||||
| Japan Post Bank |
7,900 | 93 | ||||||
| Japan Post Holdings |
105,400 | 1,254 | ||||||
| Japan Prime‡ |
18 | 64 | ||||||
| Japan Pulp & Paper |
600 | 25 | ||||||
| Japan Rental Housing Investments‡ |
97 | 77 | ||||||
| Japan Retail Fund Investment‡ |
56 | 102 | ||||||
| Japan Securities Finance |
6,100 | 37 | ||||||
| Japan Steel Works |
3,600 | 88 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Japan Tissue Engineering* |
400 | $ | 4 | |||||
| Japan Tobacco |
155,000 | 4,046 | ||||||
| Japan Wool Textile |
3,000 | 25 | ||||||
| JCR Pharmaceuticals |
800 | 45 | ||||||
| JCU |
1,200 | 29 | ||||||
| Jeol |
2,000 | 43 | ||||||
| JFE Holdings |
10,300 | 236 | ||||||
| JGC |
4,300 | 99 | ||||||
| Jimoto Holdings |
5,700 | 9 | ||||||
| JINS |
700 | 37 | ||||||
| J-Oil Mills |
300 | 10 | ||||||
| Joshin Denki |
1,000 | 29 | ||||||
| Joyful Honda |
2,600 | 41 | ||||||
| JSP |
500 | 13 | ||||||
| JSR |
4,100 | 77 | ||||||
| JTEKT |
4,600 | 67 | ||||||
| Juroku Bank |
1,500 | 38 | ||||||
| Justsystems |
1,600 | 37 | ||||||
| JVC Kenwood |
8,400 | 24 | ||||||
| JX Holdings |
68,900 | 520 | ||||||
| K&O Energy Group |
900 | 14 | ||||||
| kabu.com Securities |
8,300 | 28 | ||||||
| Kadokawa Dwango |
2,700 | 30 | ||||||
| Kaga Electronics |
700 | 15 | ||||||
| Kagome |
3,900 | 113 | ||||||
| Kajima |
9,500 | 138 | ||||||
| Kakaku.com |
2,600 | 51 | ||||||
| Kaken Pharmaceutical |
1,800 | 96 | ||||||
| Kameda Seika |
700 | 33 | ||||||
| Kamei |
800 | 11 | ||||||
| Kamigumi |
2,000 | 44 | ||||||
| Kanamoto |
1,400 | 50 | ||||||
| Kandenko |
5,000 | 52 | ||||||
| Kaneka |
1,000 | 46 | ||||||
| Kanematsu |
4,000 | 60 | ||||||
| Kanematsu Electronics |
700 | 24 | ||||||
| Kansai Electric Power |
17,500 | 264 | ||||||
| Kansai Mirai Financial Group* |
4,713 | 44 | ||||||
| Kansai Paint |
3,400 | 63 | ||||||
| Kansai Super Market |
1,100 | 12 | ||||||
| Kanto Denka Kogyo |
1,800 | 19 | ||||||
| Kao |
40,500 | 3,269 | ||||||
| Kappa Create |
1,400 | 17 | ||||||
| Kasai Kogyo |
1,000 | 10 | ||||||
| Katakura Industries |
900 | 11 | ||||||
| Katitas |
1,100 | 34 | ||||||
| Kato Sangyo |
1,400 | 47 | ||||||
| Kawasaki Heavy Industries |
3,000 | 85 | ||||||
| Kawasaki Kisen Kaisha |
4,600 | 92 | ||||||
| KDDI |
51,300 | 1,417 | ||||||
| Keihan Holdings |
2,100 | 80 | ||||||
| Keihin |
2,000 | 41 | ||||||
| Keikyu |
4,700 | 86 | ||||||
| Keio |
2,200 | 120 | ||||||
| Keisei Electric Railway |
2,800 | 99 | ||||||
| Keiyo |
1,500 | 7 | ||||||
| Keiyo Bank |
6,000 | 50 | ||||||
| Kenedix |
13,300 | 76 | ||||||
| Kenedix Office Investment, Cl A‡ |
24 | 153 | ||||||
| Kenedix Residential Investment‡ |
43 | 66 | ||||||
| Kenedix Retail‡ |
26 | 56 | ||||||
| Kenko Mayonnaise |
700 | 18 | ||||||
| Kewpie |
5,900 | 137 | ||||||
| Key Coffee |
900 | 17 | ||||||
| Keyence |
2,300 | 1,335 | ||||||
| Description
|
Shares
|
Value
|
||||||
| KH Neochem |
1,600 | $ | 62 | |||||
| Kikkoman |
3,100 | 184 | ||||||
| Kinden |
7,400 | 118 | ||||||
| Kintetsu Department Store* |
300 | 10 | ||||||
| Kintetsu Group Holdings |
3,800 | 153 | ||||||
| Kintetsu World Express |
2,000 | 38 | ||||||
| Kirin Holdings |
63,900 | 1,637 | ||||||
| Kisoji |
1,400 | 33 | ||||||
| Kissei Pharmaceutical |
1,700 | 54 | ||||||
| Kitanotatsujin |
3,300 | 20 | ||||||
| Kitz |
4,300 | 37 | ||||||
| Kiyo Bank |
3,500 | 56 | ||||||
| KLab |
2,300 | 23 | ||||||
| KNT-CT Holdings* |
500 | 6 | ||||||
| Koa |
1,600 | 28 | ||||||
| Koatsu Gas Kogyo |
1,800 | 15 | ||||||
| Kobayashi Pharmaceutical |
1,000 | 74 | ||||||
| Kobe Bussan |
800 | 45 | ||||||
| Kobe Steel |
5,600 | 50 | ||||||
| Koei Tecmo Holdings |
2,520 | 43 | ||||||
| Kohnan Shoji |
1,600 | 40 | ||||||
| Koito Manufacturing |
4,600 | 302 | ||||||
| Kokuyo |
4,300 | 77 | ||||||
| Komatsu |
92,300 | 2,808 | ||||||
| KOMEDA Holdings |
2,600 | 53 | ||||||
| Komeri |
1,700 | 40 | ||||||
| Komori |
3,000 | 37 | ||||||
| Konami Holdings |
1,900 | 74 | ||||||
| Konica Minolta |
9,800 | 104 | ||||||
| Konishi |
1,700 | 27 | ||||||
| Konoike Transport |
1,100 | 19 | ||||||
| Kose |
600 | 114 | ||||||
| Koshidaka Holdings |
2,000 | 23 | ||||||
| Kotobuki Spirits |
1,000 | 47 | ||||||
| K’s Holdings |
8,900 | 108 | ||||||
| Kubota |
352,100 | 5,983 | ||||||
| Kumagai Gumi |
1,800 | 50 | ||||||
| Kumiai Chemical Industry |
4,800 | 36 | ||||||
| Kura |
600 | 39 | ||||||
| Kurabo Industries |
1,000 | 27 | ||||||
| Kuraray |
6,900 | 104 | ||||||
| Kureha |
1,000 | 75 | ||||||
| Kurita Water Industries |
9,900 | 288 | ||||||
| Kusuri no Aoki |
900 | 72 | ||||||
| KYB |
1,000 | 45 | ||||||
| Kyocera |
91,100 | 5,467 | ||||||
| Kyoei Steel |
1,300 | 25 | ||||||
| Kyokuto Kaihatsu Kogyo |
1,500 | 24 | ||||||
| Kyokuto Securities |
700 | 9 | ||||||
| KYORIN Holdings |
2,200 | 45 | ||||||
| Kyoritsu Maintenance |
1,600 | 68 | ||||||
| Kyowa Exeo |
4,500 | 132 | ||||||
| Kyowa Hakko Kirin |
5,100 | 96 | ||||||
| Kyudenko |
2,400 | 95 | ||||||
| Kyushu Electric Power |
8,400 | 101 | ||||||
| Kyushu Financial Group |
18,100 | 86 | ||||||
| Kyushu Railway |
3,600 | 110 | ||||||
| LaSalle Logiport‡ |
65 | 60 | ||||||
| Lasertec |
2,000 | 67 | ||||||
| Lawson |
3,900 | 238 | ||||||
| LEC |
1,200 | 31 | ||||||
| Leopalace21 |
14,400 | 80 | ||||||
| Life |
800 | 20 | ||||||
| LIFULL* |
2,400 | 13 | ||||||
| LINE* |
1,500 | 63 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Linical |
700 | $ | 11 | |||||
| Link And Motivation |
1,500 | 19 | ||||||
| Lintec |
2,500 | 64 | ||||||
| Lion |
16,300 | 362 | ||||||
| LIXIL Group |
21,800 | 420 | ||||||
| LIXIL VIVA |
1,100 | 17 | ||||||
| M&A Capital Partners* |
400 | 24 | ||||||
| M3 |
8,800 | 200 | ||||||
| Mabuchi Motor |
900 | 36 | ||||||
| Macnica Fuji Electronics Holdings |
2,600 | 46 | ||||||
| Macromill |
1,800 | 38 | ||||||
| Maeda |
28,900 | 382 | ||||||
| Maeda Kosen |
800 | 17 | ||||||
| Maeda Road Construction |
3,500 | 71 | ||||||
| Makino Milling Machine |
1,200 | 51 | ||||||
| Makita |
7,500 | 376 | ||||||
| Mandom |
3,700 | 118 | ||||||
| Mani |
1,300 | 63 | ||||||
| Mars Group Holdings |
500 | 11 | ||||||
| Marubeni |
32,300 | 296 | ||||||
| Marudai Food |
1,000 | 19 | ||||||
| Maruha Nichiro |
2,100 | 77 | ||||||
| Marui Group |
16,600 | 410 | ||||||
| Maruichi Steel Tube |
1,200 | 39 | ||||||
| Marusan Securities |
3,500 | 30 | ||||||
| Maruwa |
500 | 33 | ||||||
| Maruwa Unyu Kikan |
500 | 19 | ||||||
| Maruzen Showa Unyu |
400 | 10 | ||||||
| Marvelous |
1,200 | 10 | ||||||
| Matsuda Sangyo |
900 | 13 | ||||||
| Matsui Securities |
6,300 | 66 | ||||||
| Matsumotokiyoshi Holdings |
7,300 | 299 | ||||||
| Matsuya |
1,200 | 14 | ||||||
| Matsuya Foods |
300 | 10 | ||||||
| Max |
1,000 | 15 | ||||||
| Maxell Holdings |
2,900 | 45 | ||||||
| Mazda Motor |
11,800 | 142 | ||||||
| McDonald’s Holdings Japan |
1,500 | 66 | ||||||
| MCJ |
3,800 | 33 | ||||||
| MCUBS MidCity Investment‡ |
90 | 68 | ||||||
| Mebuki Financial Group |
16,300 | 56 | ||||||
| Medical Data Vision* |
1,100 | 18 | ||||||
| Medipal Holdings |
3,700 | 77 | ||||||
| Megachips |
800 | 17 | ||||||
| Megmilk Snow Brand |
2,500 | 64 | ||||||
| Meidensha |
2,000 | 33 | ||||||
| MEIJI Holdings |
4,600 | 309 | ||||||
| Meiko Network Japan |
700 | 6 | ||||||
| Meitec |
1,500 | 72 | ||||||
| Melco Holdings |
300 | 11 | ||||||
| Menicon |
1,400 | 34 | ||||||
| METAWATER |
800 | 23 | ||||||
| Micronics Japan |
1,300 | 9 | ||||||
| Milbon |
1,200 | 55 | ||||||
| Mimasu Semiconductor Industry |
600 | 10 | ||||||
| Minebea |
8,300 | 150 | ||||||
| Ministop |
500 | 10 | ||||||
| Miraca Holdings |
2,800 | 73 | ||||||
| Mirait Holdings |
3,100 | 53 | ||||||
| Miroku Jyoho Service |
800 | 18 | ||||||
| Misawa Homes |
1,400 | 11 | ||||||
| MISUMI Group |
6,000 | 155 | ||||||
| Mitsuba |
1,500 | 14 | ||||||
| Mitsubishi |
48,160 | 1,483 | ||||||
| Mitsubishi Chemical Holdings |
26,500 | 254 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Mitsubishi Electric |
39,100 | $ | 536 | |||||
| Mitsubishi Estate |
51,600 | 877 | ||||||
| Mitsubishi Estate Logistics Investment‡ |
11 | 24 | ||||||
| Mitsubishi Gas Chemical |
3,100 | 66 | ||||||
| Mitsubishi Heavy Industries |
12,700 | 490 | ||||||
| Mitsubishi Logisnext |
1,500 | 20 | ||||||
| Mitsubishi Logistics |
9,100 | 235 | ||||||
| Mitsubishi Materials |
2,400 | 72 | ||||||
| Mitsubishi Motors |
13,200 | 93 | ||||||
| Mitsubishi Pencil |
2,000 | 37 | ||||||
| Mitsubishi Research Institute |
400 | 15 | ||||||
| Mitsubishi Shokuhin |
900 | 24 | ||||||
| Mitsubishi Steel Manufacturing |
1,000 | 19 | ||||||
| Mitsubishi Tanabe Pharma |
5,300 | 89 | ||||||
| Mitsubishi UFJ Financial Group |
274,800 | 1,715 | ||||||
| Mitsubishi UFJ Lease & Finance |
8,100 | 48 | ||||||
| Mitsuboshi Belting |
1,500 | 40 | ||||||
| Mitsui |
35,400 | 630 | ||||||
| Mitsui Chemicals |
3,700 | 93 | ||||||
| Mitsui E&S Holdings |
3,800 | 68 | ||||||
| Mitsui Fudosan |
19,200 | 454 | ||||||
| Mitsui Fudosan Logistics Park‡ |
12 | 34 | ||||||
| Mitsui High-Tec |
1,100 | 15 | ||||||
| Mitsui Mining & Smelting |
3,200 | 93 | ||||||
| Mitsui OSK Lines |
2,500 | 73 | ||||||
| Mitsui Sugar |
700 | 20 | ||||||
| Mitsui-Soko Holdings |
800 | 15 | ||||||
| Miura |
4,600 | 143 | ||||||
| Mixi |
2,200 | 53 | ||||||
| Miyazaki Bank |
800 | 23 | ||||||
| Mizuho Financial Group |
777,400 | 1,356 | ||||||
| Mizuno |
1,000 | 25 | ||||||
| Mochida Pharmaceutical |
700 | 58 | ||||||
| Modec |
1,200 | 39 | ||||||
| Monex Group |
9,800 | 47 | ||||||
| Money Forward* |
500 | 22 | ||||||
| Monogatari |
300 | 29 | ||||||
| MonotaRO |
7,000 | 197 | ||||||
| Mori Hills Investment‡ |
77 | 98 | ||||||
| Mori Trust Hotel‡ |
19 | 24 | ||||||
| Mori Trust Sogo‡ |
56 | 80 | ||||||
| Morinaga |
2,100 | 78 | ||||||
| Morinaga Milk Industry |
1,800 | 49 | ||||||
| Morita Holdings |
1,800 | 41 | ||||||
| MOS Food Services |
1,600 | 42 | ||||||
| MS&AD Insurance Group Holdings |
39,200 | 1,309 | ||||||
| MTI |
1,800 | 10 | ||||||
| Murata Manufacturing |
3,800 | 584 | ||||||
| Musashi Seimitsu Industry |
2,400 | 39 | ||||||
| Musashino Bank |
1,500 | 43 | ||||||
| Nabtesco |
2,100 | 56 | ||||||
| Nachi-Fujikoshi |
900 | 44 | ||||||
| Nagaileben |
1,500 | 36 | ||||||
| Nagase |
5,600 | 98 | ||||||
| Nagatanien Holdings |
500 | 14 | ||||||
| Nagoya Railroad |
3,700 | 92 | ||||||
| Nakanishi |
3,600 | 75 | ||||||
| Nakayama Steel Works |
1,800 | 12 | ||||||
| Namco Bandai Holdings |
28,600 | 1,112 | ||||||
| Namura Shipbuilding |
2,000 | 10 | ||||||
| Nankai Electric Railway |
5,800 | 146 | ||||||
| Nanto Bank |
1,500 | 38 | ||||||
| NEC |
16,100 | 445 | ||||||
| NEC Capital Solutions |
700 | 12 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| NEC Networks & System Integration |
1,400 | $ | 32 | |||||
| NET One Systems |
4,200 | 101 | ||||||
| Neturen |
1,100 | 11 | ||||||
| Nexon |
9,500 | 124 | ||||||
| Nextage |
1,600 | 12 | ||||||
| NGK Insulators |
5,200 | 86 | ||||||
| NGK Spark Plug |
3,300 | 96 | ||||||
| NH Foods |
1,900 | 70 | ||||||
| NHK Spring |
10,800 | 112 | ||||||
| Nichias |
3,000 | 78 | ||||||
| Nichiban |
500 | 12 | ||||||
| Nichicon |
2,500 | 25 | ||||||
| Nichiden |
400 | 7 | ||||||
| Nichiha |
1,400 | 37 | ||||||
| NichiiGakkan |
1,500 | 13 | ||||||
| Nichi-iko Pharmaceutical |
2,400 | 36 | ||||||
| Nichirei |
5,900 | 156 | ||||||
| Nidec |
4,700 | 677 | ||||||
| Nifco |
4,600 | 124 | ||||||
| Nihon Chouzai |
300 | 9 | ||||||
| Nihon Kohden |
111,100 | 3,520 | ||||||
| Nihon M&A Center |
7,400 | 222 | ||||||
| Nihon Nohyaku |
1,800 | 13 | ||||||
| Nihon Parkerizing |
5,000 | 68 | ||||||
| Nihon Trim |
200 | 10 | ||||||
| Nihon Unisys |
3,700 | 95 | ||||||
| Nikkiso |
2,800 | 37 | ||||||
| Nikkon Holdings |
3,300 | 86 | ||||||
| Nikon |
8,100 | 152 | ||||||
| Nintendo |
2,400 | 876 | ||||||
| Nippo |
3,000 | 55 | ||||||
| Nippon Accommodations Fund‡ |
25 | 111 | ||||||
| Nippon Beet Sugar Manufacturing |
700 | 13 | ||||||
| Nippon Building Fund‡ |
28 | 162 | ||||||
| Nippon Carbon |
500 | 35 | ||||||
| Nippon Ceramic |
1,100 | 29 | ||||||
| Nippon Chemi-Con |
700 | 20 | ||||||
| Nippon Denko |
4,800 | 13 | ||||||
| Nippon Densetsu Kogyo |
1,800 | 38 | ||||||
| Nippon Electric Glass |
1,800 | 57 | ||||||
| Nippon Express |
1,500 | 98 | ||||||
| Nippon Flour Mills |
2,800 | 49 | ||||||
| Nippon Gas |
2,000 | 100 | ||||||
| NIPPON Investment‡ |
23 | 74 | ||||||
| Nippon Kanzai |
1,000 | 19 | ||||||
| Nippon Kayaku |
7,900 | 94 | ||||||
| Nippon Koei |
500 | 13 | ||||||
| Nippon Light Metal Holdings |
30,400 | 68 | ||||||
| Nippon Paint Holdings |
3,100 | 116 | ||||||
| Nippon Paper Industries |
5,400 | 99 | ||||||
| Nippon Parking Development |
12,700 | 20 | ||||||
| Nippon Prologis‡ |
38 | 75 | ||||||
| Nippon Road |
400 | 23 | ||||||
| Nippon Seiki |
2,500 | 47 | ||||||
| Nippon Sharyo* |
500 | 14 | ||||||
| Nippon Sheet Glass |
4,600 | 50 | ||||||
| Nippon Shinyaku |
2,500 | 164 | ||||||
| Nippon Shokubai |
1,500 | 117 | ||||||
| Nippon Signal |
3,300 | 34 | ||||||
| Nippon Soda |
1,200 | 37 | ||||||
| Nippon Steel & Sumikin Bussan |
800 | 40 | ||||||
| Nippon Steel & Sumitomo Metal |
15,800 | 334 | ||||||
| Nippon Suisan Kaisha |
38,200 | 249 | ||||||
| Nippon Telegraph & Telephone |
48,100 | 2,173 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Nippon Television Holdings |
25,320 | $ | 439 | |||||
| Nippon Thompson |
2,300 | 15 | ||||||
| Nippon Yusen |
2,800 | 53 | ||||||
| Nipro |
7,800 | 107 | ||||||
| Nishimatsu Construction |
3,000 | 76 | ||||||
| Nishimatsuya Chain |
2,500 | 25 | ||||||
| Nishimoto |
300 | 14 | ||||||
| Nishi-Nippon Financial Holdings |
7,000 | 81 | ||||||
| Nishi-Nippon Railroad |
3,400 | 92 | ||||||
| Nishio Rent All |
900 | 30 | ||||||
| Nissan Chemical |
12,500 | 659 | ||||||
| Nissan Motor |
49,800 | 466 | ||||||
| Nissan Shatai |
4,100 | 37 | ||||||
| Nissei ASB Machine |
400 | 17 | ||||||
| Nissha |
2,200 | 43 | ||||||
| Nisshin Oillio Group |
1,400 | 41 | ||||||
| Nisshin Seifun Group |
4,100 | 90 | ||||||
| Nisshin Steel |
2,500 | 37 | ||||||
| Nisshinbo Holdings |
8,496 | 101 | ||||||
| Nissin |
600 | 14 | ||||||
| Nissin Electric |
2,600 | 24 | ||||||
| Nissin Foods Holdings |
1,400 | 96 | ||||||
| Nissin Kogyo |
2,000 | 34 | ||||||
| Nitori Holdings |
1,700 | 244 | ||||||
| Nitta |
1,200 | 46 | ||||||
| Nittetsu Mining |
200 | 10 | ||||||
| Nitto Boseki |
1,400 | 33 | ||||||
| Nitto Denko |
15,500 | 1,161 | ||||||
| Nitto Kogyo |
1,100 | 20 | ||||||
| Nitto Kohki |
600 | 14 | ||||||
| Nittoku Engineering |
700 | 21 | ||||||
| Noevir Holdings |
800 | 44 | ||||||
| NOF |
3,500 | 118 | ||||||
| Nohmi Bosai |
1,200 | 27 | ||||||
| Nojima |
1,400 | 31 | ||||||
| NOK |
1,700 | 29 | ||||||
| Nomura |
10,500 | 217 | ||||||
| Nomura Holdings |
142,300 | 680 | ||||||
| Nomura Real Estate Holdings |
2,400 | 48 | ||||||
| Nomura Real Estate Master Fund‡ |
83 | 113 | ||||||
| Nomura Research Institute |
5,000 | 253 | ||||||
| Noritake |
500 | 32 | ||||||
| Noritsu Koki |
900 | 25 | ||||||
| Noritz |
1,600 | 25 | ||||||
| North Pacific Bank |
14,600 | 49 | ||||||
| NS Solutions |
1,900 | 61 | ||||||
| NS United Kaiun Kaisha |
500 | 12 | ||||||
| NSD |
2,200 | 49 | ||||||
| NSK |
7,500 | 86 | ||||||
| NTN |
21,000 | 86 | ||||||
| NTT Data |
71,800 | 994 | ||||||
| NTT DOCOMO |
39,300 | 1,057 | ||||||
| NTT Urban Development |
35,200 | 403 | ||||||
| NuFlare Technology |
200 | 10 | ||||||
| Obara Group |
600 | 29 | ||||||
| Obayashi |
65,200 | 616 | ||||||
| Obic |
5,060 | 479 | ||||||
| OBIC Business Consultants |
600 | 54 | ||||||
| Odakyu Electric Railway |
6,400 | 151 | ||||||
| Ogaki Kyoritsu Bank |
1,600 | 41 | ||||||
| Ohara |
300 | 8 | ||||||
| Ohsho Food Service |
700 | 49 | ||||||
| Oiles |
1,200 | 26 | ||||||
| Oita Bank |
800 | 29 | ||||||
| Oji Holdings |
19,000 | 138 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Okabe |
2,300 | $ | 23 | |||||
| Okamoto Industries |
600 | 33 | ||||||
| Okamura |
3,400 | 45 | ||||||
| Okasan Securities Group |
8,000 | 41 | ||||||
| Oki Electric Industry |
4,400 | 58 | ||||||
| Okinawa Electric Power |
2,500 | 53 | ||||||
| OKUMA |
1,200 | 67 | ||||||
| Okumura |
1,600 | 50 | ||||||
| Okuwa |
1,000 | 10 | ||||||
| Olympus |
96,600 | 3,771 | ||||||
| Omron |
89,800 | 3,793 | ||||||
| Ono Pharmaceutical |
8,300 | 235 | ||||||
| Onward Holdings |
22,600 | 152 | ||||||
| Open Door* |
600 | 18 | ||||||
| Open House |
1,700 | 84 | ||||||
| Optex Group |
1,600 | 32 | ||||||
| Optorun |
700 | 18 | ||||||
| Oracle Japan |
2,400 | 193 | ||||||
| Organo |
400 | 11 | ||||||
| Orient |
21,900 | 32 | ||||||
| Oriental Land |
4,300 | 449 | ||||||
| ORIX |
27,400 | 443 | ||||||
| Orix JREIT‡ |
140 | 219 | ||||||
| Osaka Gas |
7,800 | 152 | ||||||
| Osaka Soda |
800 | 21 | ||||||
| Osaka Steel |
1,000 | 19 | ||||||
| OSAKA Titanium Technologies |
700 | 11 | ||||||
| Osaki Electric |
1,500 | 12 | ||||||
| OSG |
3,800 | 87 | ||||||
| OSJB Holdings |
4,700 | 13 | ||||||
| Otsuka |
3,700 | 138 | ||||||
| Otsuka Holdings |
16,600 | 837 | ||||||
| Outsourcing |
4,000 | 59 | ||||||
| Oyo |
700 | 9 | ||||||
| Pacific Industrial |
2,400 | 40 | ||||||
| Pacific Metals* |
700 | 26 | ||||||
| Pack |
500 | 19 | ||||||
| PAL GROUP Holdings |
400 | 10 | ||||||
| PALTAC |
1,700 | 93 | ||||||
| Panasonic |
46,700 | 544 | ||||||
| Paramount Bed Holdings |
900 | 44 | ||||||
| Parco |
800 | 9 | ||||||
| Park24 |
2,400 | 73 | ||||||
| Pasona Group |
1,100 | 16 | ||||||
| PC Depot |
1,400 | 7 | ||||||
| Penta-Ocean Construction |
14,300 | 95 | ||||||
| Pepper Food Service |
700 | 25 | ||||||
| PeptiDream* |
5,100 | 203 | ||||||
| Persol Holdings |
15,400 | 361 | ||||||
| PIA |
300 | 16 | ||||||
| Pigeon |
6,400 | 360 | ||||||
| Pilot |
1,500 | 90 | ||||||
| Piolax |
1,400 | 31 | ||||||
| Pioneer* |
15,600 | 16 | ||||||
| PKSHA Technology* |
200 | 20 | ||||||
| Plenus |
1,000 | 16 | ||||||
| Pola Orbis Holdings |
2,000 | 73 | ||||||
| Premier Investment‡ |
74 | 78 | ||||||
| Press Kogyo |
5,300 | 28 | ||||||
| Pressance |
2,000 | 26 | ||||||
| Prestige International |
2,900 | 35 | ||||||
| Prima Meat Packers |
1,400 | 33 | ||||||
| Proto |
600 | 8 | ||||||
| Qol |
1,200 | 26 | ||||||
| Raito Kogyo |
2,600 | 37 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Rakus |
1,100 | $ | 24 | |||||
| Rakuten |
17,900 | 136 | ||||||
| Raysum |
900 | 13 | ||||||
| Recruit Holdings |
29,600 | 989 | ||||||
| Relia |
1,700 | 21 | ||||||
| Relo Group |
5,900 | 173 | ||||||
| Remixpoint |
1,800 | 16 | ||||||
| Renesas Electronics* |
55,700 | 348 | ||||||
| Rengo |
9,100 | 78 | ||||||
| Resona Holdings |
184,540 | 1,037 | ||||||
| Resorttrust |
4,200 | 69 | ||||||
| Retail Partners |
1,200 | 16 | ||||||
| Rheon Automatic Machinery |
1,000 | 18 | ||||||
| Ricoh |
13,600 | 146 | ||||||
| Ricoh Leasing |
900 | 30 | ||||||
| Riken |
500 | 28 | ||||||
| Riken Keiki |
600 | 13 | ||||||
| Riken Vitamin |
600 | 21 | ||||||
| Ringer Hut |
1,100 | 23 | ||||||
| Rinnai |
2,400 | 183 | ||||||
| Riso Kagaku |
1,300 | 31 | ||||||
| Rock Field |
700 | 12 | ||||||
| Rohm |
2,000 | 146 | ||||||
| Rohto Pharmaceutical |
5,000 | 176 | ||||||
| Rokko Butter |
500 | 11 | ||||||
| Roland DG |
500 | 12 | ||||||
| Round One |
3,500 | 46 | ||||||
| Royal Holdings |
1,600 | 42 | ||||||
| RS Technologies |
300 | 14 | ||||||
| Ryobi |
1,400 | 55 | ||||||
| Ryohin Keikaku |
1,100 | 327 | ||||||
| Ryosan |
1,300 | 47 | ||||||
| Ryoyo Electro |
800 | 12 | ||||||
| S Foods |
1,000 | 43 | ||||||
| Sac’s Bar Holdings |
800 | 7 | ||||||
| Saizeriya |
1,500 | 29 | ||||||
| Sakai Chemical Industry |
600 | 15 | ||||||
| Sakai Moving Service |
500 | 28 | ||||||
| Sakata INX |
2,000 | 25 | ||||||
| Sakata Seed |
1,600 | 58 | ||||||
| SAMTY |
800 | 12 | ||||||
| San ju San Financial Group |
1,200 | 25 | ||||||
| San-A, Cl A |
1,000 | 45 | ||||||
| San-Ai Oil |
2,800 | 34 | ||||||
| SanBio* |
1,200 | 42 | ||||||
| Sanden Holdings |
1,000 | 14 | ||||||
| Sangetsu |
3,300 | 65 | ||||||
| San-In Godo Bank |
7,700 | 68 | ||||||
| Sanken Electric |
1,200 | 31 | ||||||
| Sanki Engineering |
1,800 | 19 | ||||||
| Sankyo |
800 | 31 | ||||||
| Sankyo Tateyama |
1,600 | 20 | ||||||
| Sankyu |
2,900 | 163 | ||||||
| Sanrio |
2,600 | 53 | ||||||
| Sanshin Electronics |
800 | 14 | ||||||
| Santen Pharmaceutical |
8,000 | 127 | ||||||
| Sanwa Holdings |
10,300 | 123 | ||||||
| Sanyo Chemical Industries |
700 | 36 | ||||||
| Sanyo Denki |
400 | 19 | ||||||
| Sanyo Special Steel |
1,200 | 29 | ||||||
| Sapporo Holdings |
3,400 | 71 | ||||||
| Sato Holdings |
1,400 | 46 | ||||||
| Sawai Pharmaceutical |
5,100 | 275 | ||||||
| SBI Holdings |
5,000 | 155 | ||||||
| SCREEN Holdings |
2,100 | 123 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| SCSK |
8,400 | $ | 397 | |||||
| Secom |
12,500 | 1,019 | ||||||
| Seed |
300 | 5 | ||||||
| Sega Sammy Holdings |
14,000 | 206 | ||||||
| Seibu Holdings |
4,400 | 79 | ||||||
| Seikagaku |
2,100 | 32 | ||||||
| Seiko Epson |
5,500 | 94 | ||||||
| Seiko Holdings |
1,600 | 45 | ||||||
| Seino Holdings |
7,800 | 118 | ||||||
| Seiren |
2,500 | 42 | ||||||
| Sekisui Chemical |
24,200 | 446 | ||||||
| Sekisui House‡ |
202 | 128 | ||||||
| Sekisui House |
12,700 | 194 | ||||||
| Sekisui Jushi |
1,400 | 27 | ||||||
| Sekisui Plastics |
1,000 | 10 | ||||||
| Senko |
20,200 | 168 | ||||||
| Senshu Ikeda Holdings |
13,300 | 45 | ||||||
| Septeni Holdings |
3,700 | 6 | ||||||
| Seria |
2,200 | 78 | ||||||
| Seven & i Holdings |
39,000 | 1,737 | ||||||
| Seven Bank |
10,700 | 34 | ||||||
| SG Holdings |
2,100 | 55 | ||||||
| Sharp |
3,500 | 71 | ||||||
| Shibuya |
800 | 30 | ||||||
| SHIFT* |
400 | 18 | ||||||
| Shiga Bank |
2,400 | 62 | ||||||
| Shikoku Bank |
2,400 | 29 | ||||||
| Shikoku Chemicals |
2,000 | 28 | ||||||
| Shikoku Electric Power |
8,600 | 112 | ||||||
| Shima Seiki Manufacturing |
1,500 | 66 | ||||||
| Shimachu |
2,300 | 74 | ||||||
| Shimadzu |
9,500 | 298 | ||||||
| Shimamura |
400 | 38 | ||||||
| Shimano |
2,500 | 403 | ||||||
| Shimizu |
49,000 | 447 | ||||||
| Shindengen Electric Manufacturing |
400 | 19 | ||||||
| Shin-Etsu Chemical |
38,600 | 3,418 | ||||||
| Shin-Etsu Polymer |
1,700 | 14 | ||||||
| Shinko Electric Industries |
3,600 | 30 | ||||||
| Shinko Plantech |
2,400 | 25 | ||||||
| Shinmaywa Industries |
4,900 | 66 | ||||||
| Shinnihon |
1,300 | 14 | ||||||
| Shinoken Group |
1,400 | 15 | ||||||
| Shinsei Bank |
2,800 | 46 | ||||||
| Shionogi |
5,960 | 389 | ||||||
| Ship Healthcare Holdings |
2,400 | 93 | ||||||
| Shiseido |
7,900 | 612 | ||||||
| Shizuoka Bank |
8,500 | 76 | ||||||
| Shizuoka Gas |
2,800 | 25 | ||||||
| SHO-BOND Holdings |
2,900 | 234 | ||||||
| Shochiku |
500 | 61 | ||||||
| Shoei |
600 | 26 | ||||||
| Shoei Foods |
500 | 18 | ||||||
| Showa |
2,400 | 37 | ||||||
| Showa Denko |
2,800 | 155 | ||||||
| Showa Sangyo |
1,200 | 31 | ||||||
| Showa Shell Sekiyu |
4,200 | 89 | ||||||
| Siix |
1,600 | 28 | ||||||
| Sinanen Holdings |
500 | 13 | ||||||
| Sinfonia Technology |
800 | 12 | ||||||
| Sinko Industries |
1,100 | 18 | ||||||
| Sintokogio |
1,700 | 17 | ||||||
| SKY Perfect JSAT Holdings |
7,800 | 38 | ||||||
| Skylark |
10,400 | 153 | ||||||
| SMC |
1,200 | 384 | ||||||
| Description
|
Shares
|
Value
|
||||||
| SMK |
200 | $ | 5 | |||||
| SMS |
3,400 | 68 | ||||||
| Sodick |
2,200 | 20 | ||||||
| SoftBank Group |
18,800 | 1,898 | ||||||
| Sogo Medical |
1,000 | 22 | ||||||
| Sohgo Security Services |
5,100 | 224 | ||||||
| Sojitz |
66,700 | 241 | ||||||
| Solasto |
3,000 | 39 | ||||||
| Sompo Holdings |
21,500 | 916 | ||||||
| Sony |
31,400 | 1,925 | ||||||
| Sony Financial Holdings |
11,800 | 260 | ||||||
| Sosei Group* |
4,000 | 48 | ||||||
| Sotetsu Holdings |
4,200 | 140 | ||||||
| Sparx Group |
5,200 | 14 | ||||||
| Square Enix Holdings |
4,700 | 194 | ||||||
| ST |
700 | 13 | ||||||
| St. Marc Holdings |
1,100 | 26 | ||||||
| Stanley Electric |
2,800 | 96 | ||||||
| Star Micronics |
1,600 | 28 | ||||||
| Starts |
1,600 | 35 | ||||||
| Starzen |
400 | 17 | ||||||
| Stella Chemifa |
400 | 15 | ||||||
| Strike* |
400 | 14 | ||||||
| Studio Alice |
400 | 8 | ||||||
| Sugi Holdings |
2,100 | 103 | ||||||
| SUMCO |
4,800 | 70 | ||||||
| Sumitomo |
23,600 | 394 | ||||||
| Sumitomo Bakelite |
1,800 | 81 | ||||||
| Sumitomo Chemical |
30,200 | 177 | ||||||
| Sumitomo Dainippon Pharma |
10,500 | 241 | ||||||
| Sumitomo Densetsu |
600 | 10 | ||||||
| Sumitomo Electric Industries |
26,200 | 411 | ||||||
| Sumitomo Forestry |
6,900 | 120 | ||||||
| Sumitomo Heavy Industries |
2,300 | 82 | ||||||
| Sumitomo Metal Mining |
5,100 | 179 | ||||||
| Sumitomo Mitsui Construction |
8,440 | 57 | ||||||
| Sumitomo Mitsui Financial Group |
63,100 | 2,547 | ||||||
| Sumitomo Mitsui Trust Holdings |
15,200 | 626 | ||||||
| Sumitomo Osaka Cement |
2,100 | 87 | ||||||
| Sumitomo Realty & Development |
8,000 | 287 | ||||||
| Sumitomo Riko |
2,200 | 22 | ||||||
| Sumitomo Rubber Industries |
3,100 | 47 | ||||||
| Sumitomo Seika Chemicals |
400 | 22 | ||||||
| Sumitomo Warehouse |
3,500 | 46 | ||||||
| Sun Frontier Fudousan |
1,900 | 22 | ||||||
| Sundrug |
4,500 | 161 | ||||||
| Suntory Beverage & Food |
10,400 | 440 | ||||||
| Suruga Bank |
8,900 | 44 | ||||||
| Sushiro Global Holdings |
1,000 | 59 | ||||||
| Suzuken |
1,600 | 76 | ||||||
| Suzuki Motor |
7,300 | 418 | ||||||
| Sysmex |
3,520 | 303 | ||||||
| Systena |
3,300 | 45 | ||||||
| T Hasegawa |
1,400 | 29 | ||||||
| T&D Holdings |
18,700 | 309 | ||||||
| Tachi-S, Cl S |
1,800 | 27 | ||||||
| Tadano |
5,200 | 60 | ||||||
| Taihei Dengyo Kaisha |
1,000 | 26 | ||||||
| Taiheiyo Cement |
2,600 | 82 | ||||||
| Taiho Kogyo, Cl A |
700 | 8 | ||||||
| Taikisha |
1,400 | 46 | ||||||
| Taisei |
4,400 | 201 | ||||||
| Taisho Pharmaceutical Holdings |
700 | 86 | ||||||
| Taiyo Holdings |
900 | 35 | ||||||
| Taiyo Nippon Sanso |
2,900 | 43 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Taiyo Yuden |
6,000 | $ | 135 | |||||
| Takamatsu Construction Group |
800 | 22 | ||||||
| Takara Bio |
2,600 | 72 | ||||||
| Takara Holdings |
8,300 | 122 | ||||||
| Takara Leben |
3,200 | 10 | ||||||
| Takara Standard |
2,100 | 37 | ||||||
| Takasago International |
700 | 26 | ||||||
| Takasago Thermal Engineering |
2,700 | 49 | ||||||
| Takashimaya |
6,600 | 111 | ||||||
| Takeda Pharmaceutical |
15,100 | 646 | ||||||
| Takeuchi Manufacturing |
1,800 | 49 | ||||||
| Takuma |
4,100 | 54 | ||||||
| Tamron |
600 | 13 | ||||||
| Tamura |
3,700 | 23 | ||||||
| Tanaka Chemical* |
700 | 9 | ||||||
| Tanseisha |
1,400 | 15 | ||||||
| Tateru |
1,900 | 12 | ||||||
| Tatsuta Electric Wire and Cable |
1,700 | 9 | ||||||
| Tayca |
900 | 21 | ||||||
| TDK |
5,300 | 578 | ||||||
| TechnoPro Holdings |
4,600 | 285 | ||||||
| Teijin |
4,000 | 77 | ||||||
| Teikoku Sen-I, Cl I |
800 | 21 | ||||||
| Tekken |
800 | 21 | ||||||
| Tenma |
1,000 | 18 | ||||||
| Terumo |
108,000 | 6,397 | ||||||
| T-Gaia |
1,100 | 29 | ||||||
| THK |
2,500 | 64 | ||||||
| TIS |
4,100 | 205 | ||||||
| TKC |
800 | 33 | ||||||
| TKP* |
300 | 11 | ||||||
| Toa |
800 | 18 | ||||||
| Toagosei |
5,800 | 67 | ||||||
| Tobu Railway |
3,800 | 112 | ||||||
| TOC |
3,100 | 22 | ||||||
| Tocalo |
3,400 | 35 | ||||||
| Tochigi Bank |
5,300 | 18 | ||||||
| Toda |
13,000 | 94 | ||||||
| Toei |
400 | 48 | ||||||
| Toei Animation |
600 | 19 | ||||||
| Toenec |
400 | 11 | ||||||
| Toho |
6,200 | 195 | ||||||
| Toho Bank |
11,700 | 43 | ||||||
| Toho Gas |
1,400 | 53 | ||||||
| Toho Holdings |
2,900 | 77 | ||||||
| Toho Titanium |
1,400 | 17 | ||||||
| Toho Zinc |
600 | 24 | ||||||
| Tohoku Electric Power |
34,800 | 472 | ||||||
| Tokai |
1,100 | 25 | ||||||
| Tokai Carbon |
10,600 | 208 | ||||||
| TOKAI Holdings |
4,700 | 47 | ||||||
| Tokai Rika |
2,800 | 59 | ||||||
| Tokai Tokyo Financial Holdings |
11,400 | 66 | ||||||
| Token |
400 | 26 | ||||||
| Tokio Marine Holdings |
28,100 | 1,394 | ||||||
| Tokushu Tokai Paper |
600 | 25 | ||||||
| Tokuyama |
3,200 | 87 | ||||||
| Tokyo Base* |
800 | 5 | ||||||
| Tokyo Broadcasting System Holdings |
2,000 | 42 | ||||||
| Tokyo Century |
900 | 56 | ||||||
| Tokyo Dome |
4,800 | 42 | ||||||
| Tokyo Electric Power Holdings* |
32,300 | 159 | ||||||
| Tokyo Electron |
4,700 | 646 | ||||||
| Tokyo Gas |
16,300 | 401 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Tokyo Kiraboshi Financial Group |
1,400 | $ | 30 | |||||
| Tokyo Ohka Kogyo |
1,900 | 56 | ||||||
| Tokyo Seimitsu |
2,000 | 52 | ||||||
| Tokyo Steel Manufacturing |
5,900 | 43 | ||||||
| Tokyo Tatemono |
3,800 | 46 | ||||||
| Tokyotokeiba |
900 | 35 | ||||||
| Tokyu‡ |
49 | 68 | ||||||
| Tokyu |
11,000 | 201 | ||||||
| Tokyu Construction |
4,500 | 43 | ||||||
| Tokyu Fudosan Holdings |
11,300 | 79 | ||||||
| TOMONY Holdings |
7,000 | 30 | ||||||
| Tomy |
4,500 | 46 | ||||||
| Tonami Holdings |
300 | 19 | ||||||
| Topcon |
5,300 | 97 | ||||||
| Toppan Forms |
3,100 | 30 | ||||||
| Toppan Printing |
5,500 | 88 | ||||||
| Topre |
1,800 | 46 | ||||||
| Topy Industries |
800 | 24 | ||||||
| Toray Industries |
82,000 | 615 | ||||||
| Toridoll Holdings |
1,100 | 24 | ||||||
| Torii Pharmaceutical |
500 | 12 | ||||||
| Tosei |
1,200 | 12 | ||||||
| Toshiba* |
13,700 | 397 | ||||||
| Toshiba Machine |
1,400 | 31 | ||||||
| Toshiba Plant Systems & Services |
2,400 | 51 | ||||||
| Toshiba TEC |
1,400 | 41 | ||||||
| Tosho |
900 | 37 | ||||||
| Tosho Printing |
1,400 | 10 | ||||||
| Tosoh |
5,700 | 88 | ||||||
| Totetsu Kogyo |
1,400 | 36 | ||||||
| TOTO |
2,800 | 116 | ||||||
| Towa Bank |
2,000 | 19 | ||||||
| Towa Pharmaceutical |
500 | 37 | ||||||
| Toyo Construction |
4,300 | 18 | ||||||
| Toyo Engineering |
1,000 | 8 | ||||||
| Toyo Ink SC Holdings |
2,200 | 58 | ||||||
| Toyo Kanetsu |
300 | 8 | ||||||
| Toyo Seikan Group Holdings |
16,200 | 336 | ||||||
| Toyo Suisan Kaisha |
13,800 | 536 | ||||||
| Toyo Tanso |
500 | 15 | ||||||
| Toyo Tire & Rubber |
5,400 | 97 | ||||||
| Toyobo |
4,500 | 76 | ||||||
| Toyoda Gosei |
1,100 | 27 | ||||||
| Toyota Boshoku |
3,600 | 67 | ||||||
| Toyota Industries |
5,100 | 302 | ||||||
| Toyota Motor |
101,100 | 6,313 | ||||||
| Toyota Tsusho |
4,500 | 170 | ||||||
| TPR |
1,200 | 32 | ||||||
| Trancom |
400 | 29 | ||||||
| Transcosmos |
1,100 | 28 | ||||||
| Trend Micro |
4,300 | 277 | ||||||
| Trusco Nakayama |
2,100 | 58 | ||||||
| Trust Tech |
500 | 19 | ||||||
| TS Tech |
2,100 | 72 | ||||||
| TSI Holdings |
4,000 | 29 | ||||||
| Tsubaki Nakashima |
2,100 | 43 | ||||||
| Tsubakimoto Chain |
1,400 | 65 | ||||||
| Tsugami |
3,000 | 30 | ||||||
| Tsukishima Kikai |
1,700 | 23 | ||||||
| Tsukui |
2,900 | 28 | ||||||
| Tsumura |
3,000 | 104 | ||||||
| Tsuruha Holdings |
800 | 99 | ||||||
| Tsurumi Manufacturing |
600 | 10 | ||||||
| TV Asahi Holdings |
1,200 | 23 | ||||||
| UACJ |
1,700 | 41 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Ube Industries |
5,500 | $ | 150 | |||||
| UKC Holdings |
600 | 14 | ||||||
| Ulvac |
2,200 | 83 | ||||||
| Unicharm |
8,400 | 278 | ||||||
| Union Tool |
300 | 11 | ||||||
| Unipres |
2,100 | 41 | ||||||
| UNITED |
500 | 12 | ||||||
| United Arrows |
1,200 | 51 | ||||||
| United Super Markets Holdings |
2,900 | 36 | ||||||
| United Urban Investment‡ |
60 | 94 | ||||||
| Unitika* |
2,500 | 16 | ||||||
| Universal Entertainment* |
1,200 | 37 | ||||||
| Unizo Holdings |
1,600 | 31 | ||||||
| Ushio |
16,400 | 225 | ||||||
| USS |
13,000 | 241 | ||||||
| UT Group* |
1,300 | 46 | ||||||
| Uzabase* |
600 | 17 | ||||||
| V Technology |
300 | 45 | ||||||
| Valor Holdings |
2,000 | 46 | ||||||
| Valqua |
800 | 22 | ||||||
| Vector |
1,600 | 38 | ||||||
| Vital KSK Holdings |
2,200 | 25 | ||||||
| VT Holdings |
3,200 | 14 | ||||||
| Wacoal Holdings |
2,500 | 73 | ||||||
| Wacom |
7,300 | 31 | ||||||
| Wakita |
1,600 | 20 | ||||||
| Warabeya Nichiyo Holdings |
800 | 14 | ||||||
| WATAMI |
800 | 9 | ||||||
| WDB Holdings |
500 | 18 | ||||||
| Welcia Holdings |
2,500 | 142 | ||||||
| West Japan Railway |
18,200 | 1,270 | ||||||
| World Holdings |
200 | 6 | ||||||
| Wowow |
400 | 13 | ||||||
| W-Scope |
1,300 | 13 | ||||||
| Xebio Holdings |
1,400 | 20 | ||||||
| Yahagi Construction |
1,200 | 9 | ||||||
| Yahoo Japan |
60,000 | 215 | ||||||
| Yakult Honsha |
2,300 | 188 | ||||||
| Yakuodo |
400 | 14 | ||||||
| YAMABIKO |
1,600 | 20 | ||||||
| YAMADA Consulting Group |
500 | 12 | ||||||
| Yamada Denki |
66,900 | 339 | ||||||
| Yamagata Bank |
1,600 | 35 | ||||||
| Yamaguchi Financial Group |
4,000 | 44 | ||||||
| Yamaha |
2,800 | 148 | ||||||
| Yamaha Motor |
6,000 | 168 | ||||||
| YA-MAN |
1,700 | 35 | ||||||
| Yamanashi Chuo Bank |
1,600 | 29 | ||||||
| Yamashin-Filter |
1,800 | 14 | ||||||
| Yamato Holdings |
18,120 | 556 | ||||||
| Yamato Kogyo |
2,300 | 71 | ||||||
| Yamazaki Baking |
2,300 | 46 | ||||||
| Yamazen |
3,200 | 38 | ||||||
| Yaoko |
1,100 | 67 | ||||||
| Yaskawa Electric |
4,800 | 143 | ||||||
| Yellow Hat |
1,000 | 27 | ||||||
| Yodogawa Steel Works |
1,200 | 30 | ||||||
| Yokogawa Bridge Holdings |
1,800 | 38 | ||||||
| Yokogawa Electric |
4,700 | 99 | ||||||
| Yokohama Reito |
2,400 | 19 | ||||||
| Yokohama Rubber |
2,700 | 58 | ||||||
| Yomiuri Land |
300 | 12 | ||||||
| Yondoshi Holdings |
700 | 15 | ||||||
| Yonex |
2,800 | 19 | ||||||
| Yorozu |
700 | 11 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Yoshinoya Holdings |
3,400 | $ | 54 | |||||
| Yuasa Trading |
1,000 | 36 | ||||||
| Yume No. Machi Souzou Iinkai |
1,300 | 42 | ||||||
| Yumeshin Holdings |
2,600 | 26 | ||||||
| Yurtec |
2,100 | 18 | ||||||
| Yushin Precision Equipment |
800 | 9 | ||||||
| Zenkoku Hosho |
2,700 | 107 | ||||||
| Zenrin |
1,950 | 60 | ||||||
| Zensho Holdings |
4,900 | 96 | ||||||
| Zeon |
7,400 | 78 | ||||||
| ZERIA Pharmaceutical |
1,700 | 38 | ||||||
| ZIGExN* |
2,500 | 18 | ||||||
| Zojirushi |
2,400 | 34 | ||||||
| ZOZO |
4,300 | 130 | ||||||
|
|
|
|||||||
| 234,763 | ||||||||
|
|
|
|||||||
| Kenya – 0.0% |
||||||||
| East African Breweries |
157,978 | 290 | ||||||
|
|
|
|||||||
| Luxembourg – 0.1% |
||||||||
| RTL Group |
927 | 66 | ||||||
| Ternium ADR |
46,079 | 1,396 | ||||||
|
|
|
|||||||
| 1,462 | ||||||||
|
|
|
|||||||
| Malaysia – 0.3% |
||||||||
| AirAsia X* |
495,300 | 34 | ||||||
| Allianz Malaysia |
6,200 | 19 | ||||||
| Brem Holding |
213,616 | 41 | ||||||
| Heineken Malaysia |
10,000 | 49 | ||||||
| Hong Leong Bank |
61,800 | 307 | ||||||
| Hong Leong Financial Group |
18,000 | 84 | ||||||
| Hong Leong Industries |
5,500 | 14 | ||||||
| Insas |
330,800 | 68 | ||||||
| Kenanga Investment Bank |
85,500 | 15 | ||||||
| KSL Holdings* |
551,500 | 108 | ||||||
| Lion Industries* |
217,100 | 51 | ||||||
| Malayan Banking |
150,100 | 355 | ||||||
| Malaysia Airports Holdings |
145,600 | 313 | ||||||
| Malaysian Pacific Industries |
29,400 | 86 | ||||||
| Padini Holdings |
389,700 | 554 | ||||||
| Petron Malaysia Refining & Marketing |
113,200 | 225 | ||||||
| Public Bank |
76,300 | 462 | ||||||
| Shell Refining Federation of Malaya |
63,000 | 97 | ||||||
| Supermax |
50,200 | 39 | ||||||
| Syarikat Takaful Malaysia |
24,000 | 22 | ||||||
| Tenaga Nasional |
108,400 | 405 | ||||||
| Tropicana |
47 | — | ||||||
| Uchi Technologies |
119,200 | 89 | ||||||
| Unisem |
1,138,600 | 853 | ||||||
| ViTrox |
67,000 | 130 | ||||||
|
|
|
|||||||
| 4,420 | ||||||||
|
|
|
|||||||
| Mexico – 0.7% |
||||||||
| Alsea |
247,900 | 842 | ||||||
| Genomma Lab Internacional, Cl B* |
1,154,269 | 1,007 | ||||||
| Gentera |
1,019,008 | 1,031 | ||||||
| Grupo Aeroportuario del Pacifico, Cl B |
173,649 | 1,900 | ||||||
| Grupo Financiero Banorte, Cl O |
412,400 | 2,984 | ||||||
| Grupo Financiero Inbursa, Cl O |
280,072 | 440 | ||||||
| Grupo Lala, Cl B |
432,936 | 495 | ||||||
| Grupo Televisa ADR |
40,490 | 718 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Industrias Bachoco |
62,991 | $ | 284 | |||||
| Nemak |
824,267 | 621 | ||||||
| Vitro |
18,814 | 55 | ||||||
| Wal-Mart de Mexico |
210,670 | 639 | ||||||
|
|
|
|||||||
| 11,016 | ||||||||
|
|
|
|||||||
| Netherlands – 3.3% |
||||||||
| Aalberts Industries |
5,453 | 232 | ||||||
| ABN AMRO Group |
8,646 | 235 | ||||||
| Accell Group |
1,222 | 24 | ||||||
| Aegon |
37,886 | 246 | ||||||
| AerCap Holdings* |
2,602 | 150 | ||||||
| Akzo Nobel |
74,976 | 7,010 | ||||||
| AMG Advanced Metallurgical Group |
1,611 | 75 | ||||||
| APERAM |
2,673 | 123 | ||||||
| Arcadis |
3,891 | 65 | ||||||
| ArcelorMittal |
33,735 | 1,049 | ||||||
| ASM International |
2,607 | 135 | ||||||
| ASML Holding |
10,317 | 1,927 | ||||||
| ASR Nederland |
8,090 | 386 | ||||||
| Basic-Fit* |
1,573 | 54 | ||||||
| BE Semiconductor Industries |
4,114 | 87 | ||||||
| BinckBank |
2,974 | 18 | ||||||
| Boskalis Westminster |
185,417 | 5,836 | ||||||
| Brunel International |
766 | 11 | ||||||
| Coca-Cola European Partners |
3,170 | 144 | ||||||
| Corbion |
3,345 | 109 | ||||||
| Eurocommercial Properties‡ |
2,328 | 85 | ||||||
| Euronext |
3,105 | 205 | ||||||
| Flow Traders |
1,742 | 51 | ||||||
| ForFarmers |
1,935 | 22 | ||||||
| Fugro* |
94,661 | 1,250 | ||||||
| Galapagos* |
2,257 | 255 | ||||||
| Gemalto |
4,012 | 234 | ||||||
| Heineken |
20,169 | 1,891 | ||||||
| Heineken Holding |
2,356 | 213 | ||||||
| IMCD Group |
5,822 | 453 | ||||||
| ING Groep |
480,715 | 6,243 | ||||||
| Intertrust |
3,412 | 63 | ||||||
| Kendrion |
593 | 21 | ||||||
| Koninklijke Ahold Delhaize |
59,445 | 1,363 | ||||||
| Koninklijke BAM Groep |
13,155 | 51 | ||||||
| Koninklijke DSM |
3,901 | 413 | ||||||
| Koninklijke KPN |
301,969 | 797 | ||||||
| Koninklijke Philips |
44,727 | 2,037 | ||||||
| Koninklijke Volkerwessels |
1,670 | 35 | ||||||
| Koninklijke Vopak |
1,538 | 76 | ||||||
| NN Group |
6,349 | 283 | ||||||
| NSI‡ |
1,187 | 49 | ||||||
| OCI* |
4,149 | 133 | ||||||
| Pharming Group* |
30,221 | 35 | ||||||
| PostNL |
22,646 | 81 | ||||||
| Randstad Holding |
70,315 | 3,754 | ||||||
| RELX |
176,034 | 3,698 | ||||||
| Royal Dutch Shell, Cl A |
22,661 | 778 | ||||||
| SBM Offshore |
324,054 | 5,865 | ||||||
| SIF Holding |
523 | 10 | ||||||
| Signify |
6,241 | 161 | ||||||
| Takeaway.com* |
2,204 | 143 | ||||||
| TKH Group |
2,154 | 121 | ||||||
| TomTom* |
7,436 | 61 | ||||||
| Unibail-Rodamco-Westfield‡ |
1,757 | 353 | ||||||
| Unilever |
32,657 | 1,819 | ||||||
| Vastned Retail‡ |
696 | 27 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Wereldhave‡ |
2,081 | $ | 73 | |||||
| Wessanen |
3,888 | 47 | ||||||
| Wolters Kluwer |
6,165 | 384 | ||||||
|
|
|
|||||||
| 51,549 | ||||||||
|
|
|
|||||||
| New Zealand – 0.1% |
||||||||
| a2 Milk* |
15,561 | 116 | ||||||
| Air New Zealand |
27,934 | 57 | ||||||
| Argosy Property |
42,827 | 31 | ||||||
| Auckland International Airport |
20,454 | 99 | ||||||
| Chorus |
22,351 | 72 | ||||||
| Contact Energy |
39,918 | 154 | ||||||
| Fisher & Paykel Healthcare |
11,301 | 113 | ||||||
| Fletcher Building |
17,742 | 77 | ||||||
| Freightways |
9,444 | 49 | ||||||
| Genesis Energy |
26,250 | 45 | ||||||
| Goodman Property Trust‡ |
49,179 | 50 | ||||||
| Infratil |
32,124 | 76 | ||||||
| Kiwi Property Group‡ |
71,972 | 67 | ||||||
| Mercury NZ |
35,952 | 80 | ||||||
| Meridian Energy |
24,236 | 53 | ||||||
| Metlifecare |
9,307 | 40 | ||||||
| New Zealand Refining |
7,242 | 12 | ||||||
| Precinct Properties New Zealand‡ |
53,513 | 51 | ||||||
| Restaurant Brands New Zealand |
5,807 | 30 | ||||||
| Ryman Healthcare |
8,710 | 81 | ||||||
| SKY Network Television |
148,163 | 216 | ||||||
| SKYCITY Entertainment Group |
34,982 | 93 | ||||||
| Spark New Zealand |
136,597 | 366 | ||||||
| Summerset Group Holdings |
10,970 | 57 | ||||||
| Synlait Milk* |
4,209 | 30 | ||||||
| Tourism Holdings |
5,142 | 20 | ||||||
| Trade Me Group |
22,642 | 78 | ||||||
| Z Energy |
20,330 | 97 | ||||||
|
|
|
|||||||
| 2,310 | ||||||||
|
|
|
|||||||
| Norway – 1.0% |
||||||||
| Akastor* |
6,259 | 14 | ||||||
| Aker, Cl A |
1,293 | 117 | ||||||
| Aker BP |
2,168 | 92 | ||||||
| Aker Solutions |
7,544 | 54 | ||||||
| Atea |
4,074 | 66 | ||||||
| Austevoll Seafood |
4,906 | 68 | ||||||
| Axactor* |
6,202 | 19 | ||||||
| B2Holding |
11,545 | 23 | ||||||
| Bakkafrost |
23,277 | 1,420 | ||||||
| Borr Drilling* |
21,344 | 98 | ||||||
| Borregaard |
5,268 | 54 | ||||||
| BW LPG |
3,303 | 14 | ||||||
| BW Offshore* |
4,131 | 33 | ||||||
| DNB |
41,980 | 882 | ||||||
| DNO |
36,218 | 75 | ||||||
| Entra |
6,544 | 95 | ||||||
| Equinor |
49,324 | 1,392 | ||||||
| Europris |
9,027 | 25 | ||||||
| Evry |
8,595 | 34 | ||||||
| FLEX LNG* |
6,076 | 11 | ||||||
| Frontline |
3,849 | 22 | ||||||
| Gaming Innovation Group* |
15,179 | 5 | ||||||
| Gjensidige Forsikring |
4,376 | 74 | ||||||
| Golden Ocean Group |
5,070 | 49 | ||||||
| Grieg Seafood |
2,312 | 31 | ||||||
| Hoegh LNG Holdings |
2,572 | 14 | ||||||
| Kongsberg Automotive* |
22,873 | 26 | ||||||
| Kvaerner |
4,918 | 9 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Leroy Seafood Group |
15,607 | $ | 127 | |||||
| Marine Harvest |
8,736 | 202 | ||||||
| Nordic Nanovector* |
1,782 | 11 | ||||||
| Nordic Semiconductor* |
6,624 | 38 | ||||||
| Norsk Hydro |
28,357 | 170 | ||||||
| Northern Drilling* |
3,973 | 37 | ||||||
| Norway Royal Salmon |
576 | 14 | ||||||
| Norwegian Air Shuttle* |
1,907 | 57 | ||||||
| Norwegian Finans Holding* |
5,293 | 65 | ||||||
| Norwegian Property |
7,924 | 10 | ||||||
| Ocean Yield |
3,270 | 27 | ||||||
| Odfjell Drilling* |
4,154 | 18 | ||||||
| Orkla |
18,165 | 153 | ||||||
| Otello |
5,434 | 12 | ||||||
| Petroleum Geo-Services* |
17,467 | 79 | ||||||
| Protector Forsikring* |
3,416 | 22 | ||||||
| REC Silicon* |
90,910 | 7 | ||||||
| Salmar |
2,848 | 142 | ||||||
| Sbanken |
3,864 | 42 | ||||||
| Scatec Solar |
4,461 | 33 | ||||||
| Schibsted, Cl A |
8,623 | 324 | ||||||
| Schibsted, Cl B |
9,398 | 326 | ||||||
| Selvaag Bolig |
2,183 | 10 | ||||||
| SpareBank 1 Nord Norge |
5,094 | 43 | ||||||
| Sparebank 1 Oestlandet |
1,584 | 18 | ||||||
| SpareBank 1 SMN |
6,403 | 72 | ||||||
| Stolt-Nielsen |
1,401 | 21 | ||||||
| Storebrand |
25,906 | 231 | ||||||
| Subsea 7 |
14,504 | 215 | ||||||
| Telenor |
15,584 | 305 | ||||||
| TGS NOPEC Geophysical |
5,471 | 222 | ||||||
| Wallenius Wilhelmsen Logistics, Cl B* |
5,325 | 23 | ||||||
| XXL |
5,035 | 26 | ||||||
| Yara International |
152,515 | 7,491 | ||||||
|
|
|
|||||||
| 15,409 | ||||||||
|
|
|
|||||||
| Peru – 0.2% |
||||||||
| Cia de Minas Buenaventura ADR |
26,516 | 356 | ||||||
| Credicorp |
9,996 | 2,229 | ||||||
|
|
|
|||||||
| 2,585 | ||||||||
|
|
|
|||||||
| Philippines – 0.1% |
||||||||
| Bloomberry Resorts |
1,080,300 | 175 | ||||||
| Cebu Air |
163,139 | 211 | ||||||
| Lopez Holdings |
944,100 | 77 | ||||||
| Metro Retail Stores Group |
612,000 | 28 | ||||||
| Pepsi-Cola Products Philippines |
214,000 | 7 | ||||||
| PLDT |
11,270 | 282 | ||||||
| San Miguel |
144,580 | 454 | ||||||
| San Miguel Food and Beverage |
33,900 | 61 | ||||||
|
|
|
|||||||
| 1,295 | ||||||||
|
|
|
|||||||
| Poland – 0.4% |
||||||||
| CD Projekt* |
24,826 | 1,261 | ||||||
| Eurocash |
60,983 | 299 | ||||||
| Grupa Lotos |
60,862 | 1,239 | ||||||
| Jastrzebska Spolka Weglowa* |
6,115 | 110 | ||||||
| LPP |
209 | 489 | ||||||
| Polski Koncern Naftowy Orlen |
64,848 | 1,777 | ||||||
| Polskie Gornictwo Naftowe i Gazownictwo |
207,680 | 364 | ||||||
|
|
|
|||||||
| 5,539 | ||||||||
|
|
|
|||||||
| Description
|
Shares
|
Value
|
||||||
| Portugal – 0.1% |
||||||||
| Altri SGPS |
3,105 | $ | 30 | |||||
| Banco Comercial Portugues, |
501,953 | 149 | ||||||
| Banco Espirito Santo* (A) |
46,916 | — | ||||||
| Corticeira Amorim SGPS |
2,458 | 33 | ||||||
| CTT-Correios de Portugal |
7,572 | 30 | ||||||
| EDP-Energias de Portugal |
52,465 | 194 | ||||||
| Galp Energia |
10,273 | 204 | ||||||
| Jeronimo Martins |
4,973 | 73 | ||||||
| Mota-Engil SGPS* |
3,895 | 9 | ||||||
| Navigator |
11,556 | 56 | ||||||
| NOS SGPS |
13,416 | 80 | ||||||
| REN - Redes Energeticas Nacionais SGPS |
23,160 | 65 | ||||||
| Semapa-Sociedade de Investimento e Gestao |
1,415 | 28 | ||||||
| Sonae SGPS |
43,050 | 45 | ||||||
|
|
|
|||||||
| 996 | ||||||||
|
|
|
|||||||
| Qatar – 0.2% |
||||||||
| Barwa Real Estate |
123,850 | 1,204 | ||||||
| Mannai |
745 | 12 | ||||||
| Ooredoo QPSC |
63,688 | 1,207 | ||||||
| Qatar Islamic Bank SAQ |
11,934 | 459 | ||||||
| Qatar National Bank SAQ |
10,797 | 525 | ||||||
| United Development QSC |
36,420 | 139 | ||||||
|
|
|
|||||||
| 3,546 | ||||||||
|
|
|
|||||||
| Russia – 0.2% |
||||||||
| Lukoil PJSC ADR |
1,855 | 142 | ||||||
| Magnit PJSC |
5,579 | 327 | ||||||
| Magnitogorsk Iron & Steel Works PJSC GDR |
12,373 | 128 | ||||||
| PhosAgro PJSC GDR |
46,015 | 589 | ||||||
| Sberbank of Russia PJSC ADR |
136,589 | 1,732 | ||||||
| Sberbank of Russia PJSC ADR |
1,691 | 21 | ||||||
| Tatneft PJSC ADR |
4,246 | 325 | ||||||
|
|
|
|||||||
| 3,264 | ||||||||
|
|
|
|||||||
| Singapore – 2.2% |
||||||||
| Accordia Golf Trust |
27,900 | 11 | ||||||
| Ascendas‡ |
48,800 | 94 | ||||||
| Ascendas Hospitality Trust‡ |
43,600 | 26 | ||||||
| Ascott Residence Trust‡ |
81,000 | 65 | ||||||
| Asian Pay Television Trust |
72,100 | 17 | ||||||
| Best World International |
10,900 | 12 | ||||||
| Bumitama Agri |
19,400 | 10 | ||||||
| Cache Logistics Trust‡ |
55,106 | 30 | ||||||
| CapitaLand |
54,400 | 134 | ||||||
| CapitaLand Commercial Trust‡ |
57,274 | 75 | ||||||
| CapitaLand Mall Trust‡ |
53,700 | 87 | ||||||
| CapitaLand Retail China Trust‡ |
32,600 | 35 | ||||||
| CDL Hospitality Trusts‡ |
42,400 | 50 | ||||||
| China Aviation Oil Singapore |
9,600 | 11 | ||||||
| Chip Eng Seng |
18,600 | 11 | ||||||
| City Developments |
8,400 | 56 | ||||||
| ComfortDelGro |
47,000 | 84 | ||||||
| COSCO Shipping International Singapore |
45,000 | 14 | ||||||
| Cromwell European Real Estate Investment Trust‡ |
24,600 | 16 | ||||||
| Dairy Farm International Holdings |
25,300 | 227 | ||||||
| DBS Group Holdings |
275,234 | 5,253 | ||||||
| Delfi |
649,500 | 532 | ||||||
| ESR‡ |
51,509 | 19 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Far East Hospitality Trust‡ |
30,900 | $ | 14 | |||||
| First Real Estate Investment Trust‡ |
28,800 | 27 | ||||||
| First Resources |
29,700 | 36 | ||||||
| Frasers Centrepoint Trust‡ |
30,000 | 50 | ||||||
| Frasers Commercial Trust‡ |
36,586 | 39 | ||||||
| Frasers Logistics & Industrial Trust‡ |
81,030 | 63 | ||||||
| Genting Singapore |
118,600 | 92 | ||||||
| GL |
211,300 | 116 | ||||||
| Golden Agri-Resources |
140,800 | 26 | ||||||
| Great Eastern Holdings |
41,400 | 822 | ||||||
| GuocoLand |
12,400 | 17 | ||||||
| Haw Par |
29,712 | 294 | ||||||
| Hongkong Land Holdings |
635,100 | 4,203 | ||||||
| Hutchison Port Holdings Trust, Cl U |
272,800 | 68 | ||||||
| Japfa |
23,900 | 11 | ||||||
| Jardine Cycle & Carriage |
1,733 | 41 | ||||||
| Jardine Matheson Holdings |
101,500 | 6,369 | ||||||
| Jardine Strategic Holdings |
4,600 | 167 | ||||||
| Keppel |
31,300 | 159 | ||||||
| Keppel‡ |
96,100 | 84 | ||||||
| Keppel DC‡ |
52,500 | 53 | ||||||
| Keppel Infrastructure Trust |
140,900 | 51 | ||||||
| Keppel-KBS‡ |
26,200 | 21 | ||||||
| Lippo Malls Indonesia Retail Trust‡ |
97,300 | 19 | ||||||
| M1 |
19,900 | 31 | ||||||
| Mandarin Oriental International |
16,400 | 34 | ||||||
| Manulife US‡ |
66,734 | 53 | ||||||
| Mapletree Commercial Trust‡ |
105,200 | 124 | ||||||
| Mapletree Industrial Trust‡ |
69,400 | 101 | ||||||
| Mapletree Logistics Trust‡ |
107,360 | 97 | ||||||
| Mapletree North Asia Commercial Trust‡ |
123,800 | 103 | ||||||
| NetLink NBN Trust |
162,700 | 93 | ||||||
| OUE |
18,200 | 20 | ||||||
| OUE Hospitality Trust‡ |
55,400 | 29 | ||||||
| Oversea-Chinese Banking |
67,272 | 563 | ||||||
| Parkway Life‡ |
20,000 | 40 | ||||||
| QAF |
5,307 | 3 | ||||||
| Raffles Medical Group |
43,963 | 36 | ||||||
| RHT Health Trust |
21,500 | 12 | ||||||
| Riverstone Holdings |
12,500 | 11 | ||||||
| Sabana Shari’ah Compliant Industrial‡ |
34,300 | 11 | ||||||
| SATS |
12,900 | 49 | ||||||
| Sembcorp Industries |
18,500 | 42 | ||||||
| Sembcorp Marine |
44,500 | 66 | ||||||
| Sheng Siong Group |
33,700 | 28 | ||||||
| SIA Engineering |
14,700 | 32 | ||||||
| SIIC Environment Holdings |
29,800 | 6 | ||||||
| Silverlake Axis |
31,400 | 10 | ||||||
| Singapore Airlines |
12,500 | 89 | ||||||
| Singapore Exchange |
16,600 | 89 | ||||||
| Singapore Post |
82,400 | 68 | ||||||
| Singapore Press Holdings |
33,900 | 71 | ||||||
| Singapore Technologies Engineering |
31,100 | 81 | ||||||
| Singapore Telecommunications |
1,482,900 | 3,514 | ||||||
| Soilbuild Business Space‡ |
28,000 | 12 | ||||||
| SPH‡ |
38,400 | 28 | ||||||
| Starhill Global‡ |
81,100 | 41 | ||||||
| StarHub |
31,600 | 43 | ||||||
| Suntec‡ |
43,900 | 62 | ||||||
| United Engineers |
15,000 | 29 | ||||||
| Description
|
Shares
|
Value
|
||||||
| United Industrial |
16,648 | $ | 36 | |||||
| United Overseas Bank |
405,371 | 8,030 | ||||||
| UOL Group |
12,285 | 62 | ||||||
| Venture |
5,400 | 70 | ||||||
| Viva Industrial Trust‡ |
14,100 | 9 | ||||||
| Wheelock Properties Singapore |
15,600 | 24 | ||||||
| Wilmar International |
39,700 | 94 | ||||||
| Wing Tai Holdings |
24,600 | 35 | ||||||
| Yangzijiang Shipbuilding Holdings |
41,800 | 38 | ||||||
| Yanlord Land Group |
37,300 | 40 | ||||||
| Yoma Strategic Holdings |
59,500 | 12 | ||||||
|
|
|
|||||||
| 33,882 | ||||||||
|
|
|
|||||||
| South Africa – 1.6% |
||||||||
| Alviva Holdings |
10,469 | 14 | ||||||
| Anglo American |
23,238 | 526 | ||||||
| Anglo American Platinum |
26,105 | 852 | ||||||
| Astral Foods |
3,160 | 55 | ||||||
| Bid |
50,167 | 1,046 | ||||||
| Bidvest Group |
76,068 | 995 | ||||||
| Capitec Bank Holdings |
25,765 | 1,866 | ||||||
| Cie Financiere Richemont |
45,192 | 371 | ||||||
| Exxaro Resources |
2,619 | 27 | ||||||
| FirstRand |
391,419 | 1,879 | ||||||
| Grindrod* |
294,279 | 162 | ||||||
| MMI Holdings |
135,434 | 166 | ||||||
| Mondi |
65,157 | 1,790 | ||||||
| Naspers, Cl N |
15,170 | 3,274 | ||||||
| Old Mutual |
121,063 | 260 | ||||||
| Peregrine Holdings |
189,232 | 291 | ||||||
| Raubex Group |
139,245 | 218 | ||||||
| Sasol |
126,350 | 4,892 | ||||||
| Standard Bank Group |
139,781 | 1,730 | ||||||
| Telkom |
232,047 | 848 | ||||||
| Tiger Brands |
177,888 | 3,334 | ||||||
| Tsogo Sun Holdings |
126,921 | 183 | ||||||
| Wilson Bayly Holmes-Ovcon |
9,970 | 108 | ||||||
|
|
|
|||||||
| 24,887 | ||||||||
|
|
|
|||||||
| South Korea – 2.7% |
||||||||
| AfreecaTV |
2,079 | 67 | ||||||
| Asiana Airlines* |
6,426 | 25 | ||||||
| Dae Han Flour Mills |
86 | 14 | ||||||
| Daeyang Electric* |
3,787 | 45 | ||||||
| Dongyang E&P |
10,103 | 93 | ||||||
| Fila Korea |
5,103 | 207 | ||||||
| Global Standard Technology |
6,254 | 33 | ||||||
| GS Engineering & Construction |
16,789 | 791 | ||||||
| GS Home Shopping |
1,585 | 289 | ||||||
| Hana Financial Group |
21,041 | 845 | ||||||
| Hotel Shilla |
4,758 | 465 | ||||||
| Hyundai Elevator |
1,130 | 114 | ||||||
| Hyundai Greenfood |
17,898 | 227 | ||||||
| Hyundai Motor |
5,565 | 650 | ||||||
| Industrial Bank of Korea |
12,282 | 169 | ||||||
| KCC Engineering & Construction |
4,249 | 39 | ||||||
| Kia Motors |
21,527 | 681 | ||||||
| Korea Gas* |
3,649 | 200 | ||||||
| KT |
17,542 | 477 | ||||||
| KT ADR |
29,696 | 441 | ||||||
| Kwangju Bank |
5,257 | 53 | ||||||
| LG |
12,160 | 796 | ||||||
| LG Chemical |
5,314 | 1,751 | ||||||
| LG Display |
945 | 16 | ||||||
| LG Electronics |
21,753 | 1,392 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| LG Household & Health Care |
1,048 | $ | 1,206 | |||||
| LG Uplus |
84,042 | 1,386 | ||||||
| Lotte Food |
105 | 79 | ||||||
| LOTTE Himart |
3,321 | 200 | ||||||
| Lotte Shopping |
2,230 | 421 | ||||||
| LS Industrial Systems |
3,055 | 205 | ||||||
| MegaStudyEdu |
1,335 | 32 | ||||||
| Moorim Paper |
35,210 | 115 | ||||||
| Neowiz* |
10,299 | 144 | ||||||
| NHN Entertainment* |
1,249 | 69 | ||||||
| POSCO |
5,514 | 1,464 | ||||||
| POSCO ADR |
72,900 | 4,811 | ||||||
| S-1, Cl 1 |
4,897 | 404 | ||||||
| Samsung Electronics |
297,406 | 12,453 | ||||||
| Samsung Electronics GDR |
280 | 293 | ||||||
| Samsung Fire & Marine Insurance |
5,142 | 1,317 | ||||||
| SeAH Holdings |
225 | 26 | ||||||
| Shinhan Financial Group |
43,927 | 1,782 | ||||||
| Shinsegae International |
593 | 122 | ||||||
| SK Hynix |
46,872 | 3,089 | ||||||
| SK Telecom |
9,902 | 2,517 | ||||||
| UIL |
6,402 | 29 | ||||||
| Zeus |
2,028 | 29 | ||||||
|
|
|
|||||||
| 42,073 | ||||||||
|
|
|
|||||||
| Spain – 1.7% |
||||||||
| Acciona |
1,195 | 108 | ||||||
| Acerinox |
38,786 | 554 | ||||||
| ACS Actividades de Construccion y Servicios |
5,550 | 236 | ||||||
| Aedas Homes SAU* |
1,252 | 40 | ||||||
| Aena SME |
1,406 | 244 | ||||||
| Almirall |
3,253 | 65 | ||||||
| Amadeus IT Group, Cl A |
82,028 | 7,622 | ||||||
| Applus Services |
7,178 | 102 | ||||||
| Atresmedia de Medios de Comunicacion |
4,549 | 28 | ||||||
| Banco Bilbao Vizcaya Argentaria |
140,278 | 894 | ||||||
| Banco de Sabadell |
117,407 | 183 | ||||||
| Banco Santander |
1,381,397 | 6,954 | ||||||
| Bankia |
184,586 | 724 | ||||||
| Bankinter |
14,286 | 132 | ||||||
| Bolsas y Mercados Espanoles SHMSF |
4,006 | 129 | ||||||
| CaixaBank |
74,398 | 340 | ||||||
| Cellnex Telecom |
8,347 | 219 | ||||||
| Cia de Distribucion Integral Logista Holdings |
2,772 | 71 | ||||||
| CIE Automotive |
6,533 | 204 | ||||||
| Codere* |
2,424 | 20 | ||||||
| Construcciones y Auxiliar de Ferrocarriles |
1,029 | 42 | ||||||
| Distribuidora Internacional de Alimentacion |
32,016 | 74 | ||||||
| Ebro Foods |
4,054 | 89 | ||||||
| eDreams ODIGEO* |
3,119 | 14 | ||||||
| Enagas |
5,068 | 137 | ||||||
| Ence Energia y Celulosa |
7,406 | 75 | ||||||
| Endesa |
6,461 | 140 | ||||||
| Ercros |
5,213 | 30 | ||||||
| Euskaltel |
4,421 | 35 | ||||||
| Faes Farma |
14,866 | 63 | ||||||
| Ferrovial |
14,462 | 300 | ||||||
| Financiera Alba |
702 | 39 | ||||||
| Fluidra |
2,645 | 40 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Fomento de Construcciones y Contratas* |
3,976 | $ | 60 | |||||
| Gestamp Automocion |
45,119 | 342 | ||||||
| Global Dominion Access* |
8,401 | 51 | ||||||
| Grifols |
13,883 | 391 | ||||||
| Grupo Catalana Occidente |
2,274 | 99 | ||||||
| Iberdrola |
122,205 | 899 | ||||||
| Indra Sistemas* |
6,263 | 72 | ||||||
| Industria de Diseno Textil |
23,000 | 697 | ||||||
| Inmobiliaria Colonial Socimi‡ |
14,355 | 149 | ||||||
| International Consolidated Airlines Group |
12,165 | 105 | ||||||
| Lar Espana Real Estate Socimi‡ |
4,951 | 50 | ||||||
| Liberbank* |
114,772 | 64 | ||||||
| Mapfre |
22,998 | 72 | ||||||
| Masmovil Ibercom* |
625 | 72 | ||||||
| Mediaset Espana Comunicacion |
18,491 | 136 | ||||||
| Melia Hotels International |
6,522 | 73 | ||||||
| Merlin Properties Socimi‡ |
19,440 | 264 | ||||||
| Metrovacesa* |
2,375 | 32 | ||||||
| Miquel y Costas & Miquel |
572 | 21 | ||||||
| Naturgy Energy Group |
7,289 | 199 | ||||||
| Neinor Homes* |
4,233 | 77 | ||||||
| NH Hotel Group |
10,986 | 81 | ||||||
| Obrascon Huarte Lain |
9,520 | 19 | ||||||
| Papeles y Cartones de Europa |
2,544 | 49 | ||||||
| Pharma Mar* |
9,923 | 18 | ||||||
| Promotora de Informaciones, Cl A* |
7,283 | 16 | ||||||
| Prosegur Cia de Seguridad |
26,400 | 164 | ||||||
| Realia Business* |
8,256 | 10 | ||||||
| Red Electrica |
9,019 | 189 | ||||||
| Repsol |
28,770 | 573 | ||||||
| Sacyr |
19,989 | 59 | ||||||
| Siemens Gamesa Renewable Energy* |
5,198 | 66 | ||||||
| Talgo* |
5,020 | 27 | ||||||
| Tecnicas Reunidas |
1,714 | 53 | ||||||
| Telefonica |
98,386 | 779 | ||||||
| Telepizza Group |
4,776 | 28 | ||||||
| Tubacex* |
6,787 | 25 | ||||||
| Unicaja Banco |
50,356 | 82 | ||||||
| Viscofan |
11,746 | 856 | ||||||
| Zardoya Otis |
9,926 | 92 | ||||||
|
|
|
|||||||
| 27,058 | ||||||||
|
|
|
|||||||
| Sweden – 1.5% |
||||||||
| AAK |
9,912 | 172 | ||||||
| AcadeMedia* |
4,134 | 23 | ||||||
| AF, Cl B |
3,778 | 87 | ||||||
| Ahlsell |
18,448 | 103 | ||||||
| Alfa Laval |
6,071 | 165 | ||||||
| Alimak Group |
2,735 | 39 | ||||||
| Arjo |
11,651 | 39 | ||||||
| Assa Abloy, Cl B |
112,916 | 2,271 | ||||||
| Atlas Copco, Cl A |
14,249 | 410 | ||||||
| Atlas Copco, Cl B |
8,393 | 224 | ||||||
| Attendo |
5,472 | 52 | ||||||
| Avanza Bank Holding |
1,231 | 57 | ||||||
| Axfood |
5,606 | 105 | ||||||
| Betsson |
6,109 | 47 | ||||||
| Bilia, Cl A |
4,427 | 36 | ||||||
| BillerudKorsnas |
9,501 | 123 | ||||||
| BioGaia, Cl B |
824 | 41 | ||||||
| Biotage |
2,802 | 38 | ||||||
| Boliden |
5,762 | 161 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Bonava, Cl B |
4,433 | $ | 64 | |||||
| Bravida Holding |
11,007 | 90 | ||||||
| Bufab |
1,307 | 15 | ||||||
| Bure Equity |
2,535 | 32 | ||||||
| Byggmax Group |
3,223 | 13 | ||||||
| Camurus* |
670 | 9 | ||||||
| Capio |
7,251 | 41 | ||||||
| Castellum |
15,100 | 269 | ||||||
| Catena Media* |
1,581 | 15 | ||||||
| Cherry* |
2,522 | 16 | ||||||
| Clas Ohlson, Cl B |
1,973 | 16 | ||||||
| Cloetta, Cl B |
11,083 | 34 | ||||||
| Collector* |
901 | 6 | ||||||
| Com Hem Holding |
8,133 | 135 | ||||||
| D Carnegie, Cl B* |
1,836 | 35 | ||||||
| Dios Fastigheter |
5,544 | 35 | ||||||
| Dometic Group |
15,853 | 139 | ||||||
| Dustin Group |
2,977 | 28 | ||||||
| Elanders, Cl B |
808 | 8 | ||||||
| Electrolux |
5,129 | 112 | ||||||
| Elekta, Cl B |
20,234 | 273 | ||||||
| Eltel |
6,171 | 15 | ||||||
| Epiroc, Cl A* |
13,497 | 151 | ||||||
| Epiroc, Cl B* |
8,476 | 87 | ||||||
| Essity, Cl B |
95,494 | 2,400 | ||||||
| Evolution Gaming Group |
1,237 | 88 | ||||||
| Fabege |
14,720 | 204 | ||||||
| Fastighets Balder, Cl B* |
5,436 | 151 | ||||||
| Getinge, Cl B |
12,691 | 146 | ||||||
| Granges |
3,918 | 47 | ||||||
| Haldex |
2,147 | 21 | ||||||
| Hansa Medical* |
1,513 | 57 | ||||||
| Hemfosa Fastigheter |
8,219 | 113 | ||||||
| Hennes & Mauritz, Cl B |
18,247 | 337 | ||||||
| Hexagon, Cl B |
5,364 | 314 | ||||||
| Hexpol |
14,203 | 157 | ||||||
| Hoist Finance |
3,722 | 31 | ||||||
| Holmen, Cl B |
5,709 | 149 | ||||||
| Hufvudstaden, Cl A |
5,953 | 91 | ||||||
| Humana |
1,453 | 9 | ||||||
| Husqvarna, Cl B |
9,131 | 78 | ||||||
| ICA Gruppen |
1,493 | 47 | ||||||
| Industrivarden, Cl C |
3,673 | 82 | ||||||
| Indutrade |
4,829 | 131 | ||||||
| Intrum |
4,114 | 107 | ||||||
| Investment Oresund* |
1,426 | 23 | ||||||
| Investor, Cl B |
9,536 | 440 | ||||||
| Inwido |
2,957 | 22 | ||||||
| ITAB Shop Concept |
1,376 | 4 | ||||||
| JM |
3,694 | 73 | ||||||
| Kindred Group |
12,154 | 136 | ||||||
| Kinnevik |
5,034 | 152 | ||||||
| Klovern, Cl B |
31,775 | 42 | ||||||
| Kungsleden |
10,543 | 78 | ||||||
| L E Lundbergforetagen, Cl B |
1,444 | 49 | ||||||
| LeoVegas |
3,366 | 23 | ||||||
| Lindab International |
3,608 | 27 | ||||||
| Loomis, Cl B |
4,010 | 129 | ||||||
| Lundin Petroleum |
4,179 | 160 | ||||||
| Mekonomen |
1,374 | 20 | ||||||
| Millicom International Cellular |
6,823 | 392 | ||||||
| Modern Times Group, Cl B |
13,950 | 511 | ||||||
| MQ Holding |
142 | — | ||||||
| Munters Group |
3,292 | 14 | ||||||
| Mycronic |
3,321 | 35 | ||||||
| Description
|
Shares
|
Value
|
||||||
| NCC, Cl B |
4,647 | $ | 82 | |||||
| NetEnt |
9,260 | 37 | ||||||
| New Wave Group, Cl B |
1,968 | 15 | ||||||
| Nibe Industrier, Cl B |
17,335 | 208 | ||||||
| Nobia |
6,234 | 44 | ||||||
| Nobina |
5,789 | 41 | ||||||
| Nolato, Cl B |
1,047 | 65 | ||||||
| Nordea Bank |
110,039 | 1,200 | ||||||
| Oncopeptides* |
1,143 | 21 | ||||||
| Oriflame Holding |
2,260 | 58 | ||||||
| Pandox, Cl B |
4,494 | 81 | ||||||
| Paradox Interactive |
1,136 | 20 | ||||||
| Peab |
10,456 | 96 | ||||||
| Probi |
325 | 15 | ||||||
| Radisson Hospitality |
2,640 | 11 | ||||||
| Ratos, Cl B |
11,922 | 43 | ||||||
| RaySearch Laboratories |
1,189 | 16 | ||||||
| Recipharm, Cl B |
2,366 | 37 | ||||||
| Resurs Holding |
5,447 | 41 | ||||||
| Saab, Cl B |
6,064 | 305 | ||||||
| Sandvik |
74,552 | 1,323 | ||||||
| SAS* |
9,953 | 24 | ||||||
| Scandi Standard |
3,469 | 22 | ||||||
| Scandic Hotels Group |
4,385 | 49 | ||||||
| Securitas, Cl B |
13,819 | 241 | ||||||
| Skandinaviska Enskilda Banken, Cl A |
33,702 | 376 | ||||||
| Skanska, Cl B |
7,194 | 141 | ||||||
| SKF, Cl B |
8,240 | 163 | ||||||
| SkiStar |
1,147 | 29 | ||||||
| SSAB, Cl A |
10,992 | 55 | ||||||
| SSAB, Cl B |
30,300 | 123 | ||||||
| Starbreeze, Cl B* |
11,817 | 12 | ||||||
| Stillfront Group* |
729 | 15 | ||||||
| Storytel* |
1,344 | 19 | ||||||
| Svenska Cellulosa, Cl B |
33,313 | 377 | ||||||
| Svenska Handelsbanken, Cl A |
117,006 | 1,479 | ||||||
| Sweco, Cl B |
3,847 | 101 | ||||||
| Swedbank, Cl A |
18,955 | 470 | ||||||
| Swedish Match |
14,124 | 723 | ||||||
| Swedish Orphan Biovitrum* |
9,078 | 267 | ||||||
| Tele2, Cl B |
7,482 | 90 | ||||||
| Telefonaktiebolaget LM Ericsson, Cl B |
65,674 | 583 | ||||||
| Telia |
58,539 | 268 | ||||||
| Thule Group |
5,327 | 129 | ||||||
| Tobii* |
4,961 | 25 | ||||||
| Trelleborg, Cl B |
13,373 | 273 | ||||||
| Troax Group |
679 | 22 | ||||||
| Victoria Park, Cl B |
896 | 4 | ||||||
| Vitrolife |
3,370 | 49 | ||||||
| Volati |
1,272 | 6 | ||||||
| Volvo, Cl B |
33,469 | 591 | ||||||
| Wallenstam, Cl B |
9,515 | 90 | ||||||
| Wihlborgs Fastigheter |
7,526 | 91 | ||||||
|
|
|
|||||||
| 23,587 | ||||||||
|
|
|
|||||||
| Switzerland – 6.7% |
||||||||
| ABB* |
38,759 | 915 | ||||||
| Adecco Group |
23,800 | 1,250 | ||||||
| Allreal Holding |
730 | 117 | ||||||
| ALSO Holding |
315 | 39 | ||||||
| ams |
5,149 | 287 | ||||||
| APG SGA |
77 | 27 | ||||||
| Arbonia* |
2,540 | 34 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Aryzta |
4,712 | $ | 45 | |||||
| Ascom Holding |
1,936 | 39 | ||||||
| Autoneum Holding |
161 | 32 | ||||||
| Bachem Holding, Cl B |
266 | 34 | ||||||
| Baloise Holding |
1,012 | 154 | ||||||
| Banque Cantonale Vaudoise |
169 | 125 | ||||||
| Barry Callebaut |
122 | 232 | ||||||
| Basilea Pharmaceutica* |
649 | 35 | ||||||
| Belimo Holding |
24 | 115 | ||||||
| Bell Food Group |
127 | 40 | ||||||
| BKW |
1,002 | 64 | ||||||
| Bobst Group |
447 | 35 | ||||||
| Bossard Holding |
308 | 61 | ||||||
| Bucher Industries |
568 | 182 | ||||||
| Burckhardt Compression Holding |
155 | 54 | ||||||
| Burkhalter Holding |
263 | 21 | ||||||
| Cembra Money Bank |
1,516 | 137 | ||||||
| Chocoladefabriken Lindt & Sprungli |
2 | 164 | ||||||
| Chocoladefabriken Lindt & Sprungli PC |
22 | 154 | ||||||
| Cie Financiere Richemont |
98,395 | 8,021 | ||||||
| Clariant |
4,528 | 118 | ||||||
| Coca-Cola |
4,067 | 139 | ||||||
| Comet Holding |
363 | 37 | ||||||
| Conzzeta |
73 | 79 | ||||||
| COSMO Pharmaceuticals |
455 | 60 | ||||||
| Credit Suisse Group |
53,802 | 809 | ||||||
| Daetwyler Holding |
425 | 81 | ||||||
| DKSH Holding |
4,062 | 276 | ||||||
| dormakaba Holding |
171 | 129 | ||||||
| Dufry |
690 | 78 | ||||||
| EFG International |
4,680 | 36 | ||||||
| Emmi |
110 | 82 | ||||||
| EMS-Chemie Holding |
160 | 95 | ||||||
| Feintool International Holding |
78 | 9 | ||||||
| Flughafen Zurich |
1,063 | 215 | ||||||
| Forbo Holding |
63 | 101 | ||||||
| Galenica |
2,621 | 149 | ||||||
| GAM Holding |
8,575 | 61 | ||||||
| Geberit |
4,675 | 2,169 | ||||||
| Georg Fischer |
226 | 257 | ||||||
| Givaudan* |
198 | 487 | ||||||
| Gurit Holding |
15 | 13 | ||||||
| Helvetia Holding |
622 | 379 | ||||||
| Huber + Suhner |
637 | 48 | ||||||
| Idorsia* |
3,731 | 94 | ||||||
| Implenia |
815 | 51 | ||||||
| Inficon Holding |
106 | 54 | ||||||
| Interroll Holding |
33 | 64 | ||||||
| Intershop Holding |
66 | 33 | ||||||
| Investis Holding |
165 | 10 | ||||||
| Julius Baer Group |
4,660 | 233 | ||||||
| Kardex |
337 | 57 | ||||||
| Komax Holding |
201 | 65 | ||||||
| Kudelski |
1,932 | 17 | ||||||
| Kuehne + Nagel International |
9,161 | 1,452 | ||||||
| LafargeHolcim |
126,453 | 6,243 | ||||||
| Landis+Gyr Group |
1,386 | 92 | ||||||
| LEM Holding |
24 | 28 | ||||||
| Leonteq |
489 | 25 | ||||||
| Logitech International |
29,278 | 1,308 | ||||||
| Lonza Group |
1,556 | 530 | ||||||
| Meyer Burger Technology* |
26,356 | 19 | ||||||
| Mobilezone Holding |
2,142 | 25 | ||||||
| Mobimo Holding |
381 | 90 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Molecular Partners* |
442 | $ | 10 | |||||
| Nestle |
235,337 | 19,621 | ||||||
| Novartis |
216,527 | 18,622 | ||||||
| OC Oerlikon |
10,756 | 148 | ||||||
| Orascom Development Holding* |
330 | 4 | ||||||
| Orior |
259 | 24 | ||||||
| Panalpina Welttransport Holding |
594 | 87 | ||||||
| Pargesa Holding |
805 | 65 | ||||||
| Partners Group Holding |
366 | 290 | ||||||
| PSP Swiss Property |
2,201 | 214 | ||||||
| Rieter Holding |
183 | 28 | ||||||
| Roche Holding |
53,542 | 12,971 | ||||||
| Schindler Holding |
934 | 226 | ||||||
| Schindler Holding Cert |
848 | 211 | ||||||
| Schmolz + Bickenbach* |
18,207 | 14 | ||||||
| Schweiter Technologies |
53 | 64 | ||||||
| SFS Group |
880 | 102 | ||||||
| SGS* |
113 | 298 | ||||||
| Siegfried Holding |
214 | 100 | ||||||
| Sika |
2,716 | 395 | ||||||
| Sonova Holding* |
4,190 | 834 | ||||||
| St. Galler Kantonalbank |
142 | 72 | ||||||
| Straumann Holding |
221 | 166 | ||||||
| Sulzer |
700 | 84 | ||||||
| Sunrise Communications Group |
1,887 | 171 | ||||||
| Swatch Group |
1,102 | 86 | ||||||
| Swatch Group BR* |
15,931 | 6,336 | ||||||
| Swiss Life Holding |
733 | 278 | ||||||
| Swiss Prime Site |
1,596 | 136 | ||||||
| Swiss Re |
6,717 | 620 | ||||||
| Swisscom* |
556 | 252 | ||||||
| Swissquote Group Holding |
482 | 35 | ||||||
| Tecan Group |
1,097 | 260 | ||||||
| Temenos Group |
1,281 | 208 | ||||||
| u-blox Holding |
397 | 57 | ||||||
| UBS Group |
511,075 | 8,072 | ||||||
| Valiant Holding |
841 | 95 | ||||||
| Valora Holding |
186 | 50 | ||||||
| VAT Group |
1,496 | 168 | ||||||
| Vifor Pharma |
1,004 | 174 | ||||||
| Vontobel Holding |
1,390 | 98 | ||||||
| VZ Holding |
148 | 44 | ||||||
| Ypsomed Holding |
182 | 26 | ||||||
| Zehnder Group |
584 | 25 | ||||||
| Zur Rose Group* |
317 | 41 | ||||||
| Zurich Insurance Group |
13,510 | 4,271 | ||||||
|
|
|
|||||||
| 104,963 | ||||||||
|
|
|
|||||||
| Taiwan – 1.8% |
||||||||
| AU Optronics ADR |
528,163 | 2,223 | ||||||
| Chroma ATE |
95,000 | 456 | ||||||
| Delta Electronics |
223,516 | 959 | ||||||
| Giant Manufacturing |
101,414 | 435 | ||||||
| PChome Online |
128,587 | 583 | ||||||
| Taiwan Semiconductor Manufacturing |
380,000 | 3,267 | ||||||
| Taiwan Semiconductor Manufacturing ADR |
367,074 | 16,211 | ||||||
| Teco Electric and Machinery |
949,387 | 689 | ||||||
| Uni-President Enterprises |
785,000 | 2,049 | ||||||
| United Microelectronics ADR |
498,001 | 1,285 | ||||||
| Yungtay Engineering |
533,000 | 835 | ||||||
|
|
|
|||||||
| 28,992 | ||||||||
|
|
|
|||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Thailand – 0.8% |
||||||||
| Airports of Thailand |
1,041,700 | $ | 2,110 | |||||
| Bangchak NVDR |
160,900 | 175 | ||||||
| Bangkok Bank |
140,100 | 909 | ||||||
| Bangkok Bank NVDR |
21,200 | 138 | ||||||
| Banpu NVDR |
428,800 | 253 | ||||||
| BEC World |
512,600 | 110 | ||||||
| CP ALL |
913,800 | 1,950 | ||||||
| Kasikornbank |
63,900 | 427 | ||||||
| KGI Securities Thailand NVDR |
317,700 | 44 | ||||||
| Krung Thai Bank |
263,500 | 165 | ||||||
| PTT NVDR |
1,459,600 | 2,449 | ||||||
| PTT Exploration & Production NVDR |
6,800 | 33 | ||||||
| PTT Global Chemical |
103,200 | 259 | ||||||
| PTT Global Chemical NVDR |
395,300 | 993 | ||||||
| Star Petroleum Refining NVDR |
1,491,400 | 687 | ||||||
| Syntec Construction NVDR |
2,174,700 | 265 | ||||||
| Thai Oil NVDR |
340,100 | 931 | ||||||
| Total Access Communication NVDR |
112,400 | 163 | ||||||
|
|
|
|||||||
| 12,061 | ||||||||
|
|
|
|||||||
| Turkey – 0.4% |
||||||||
| Akbank Turk |
877,894 | 1,007 | ||||||
| Albaraka Turk Katilim Bankasi |
44,267 | 11 | ||||||
| Anadolu Cam Sanayii |
44,656 | 24 | ||||||
| BIM Birlesik Magazalar |
13,467 | 182 | ||||||
| Dogan Sirketler Grubu Holding* |
1,223,968 | 219 | ||||||
| Eregli Demir ve Celik Fabrikalari |
403,524 | 737 | ||||||
| Haci Omer Sabanci Holding |
101,949 | 129 | ||||||
| KOC Holding |
110,634 | 313 | ||||||
| Torunlar Gayrimenkul Yatirim Ortakligi‡ |
244,157 | 72 | ||||||
| Turk Hava Yollari* |
368,130 | 1,164 | ||||||
| Turkiye Garanti Bankasi |
1,028,454 | 1,314 | ||||||
| Turkiye Sise ve Cam Fabrikalari |
421,191 | 407 | ||||||
| Ulker Biskuvi Sanayi* |
83,428 | 234 | ||||||
|
|
|
|||||||
| 5,813 | ||||||||
|
|
|
|||||||
| United Arab Emirates – 0.0% |
||||||||
| Aldar Properties PJSC |
979,657 | 488 | ||||||
| Emirates NBD PJSC |
10,430 | 27 | ||||||
|
|
|
|||||||
| 515 | ||||||||
|
|
|
|||||||
| United Kingdom – 15.2% |
||||||||
| 3i Group |
115,561 | 1,418 | ||||||
| 888 Holdings |
18,773 | 49 | ||||||
| AA |
30,247 | 39 | ||||||
| Abcam |
25,648 | 479 | ||||||
| Acacia Mining |
9,546 | 17 | ||||||
| accesso Technology Group* |
1,326 | 51 | ||||||
| Admiral Group |
34,285 | 930 | ||||||
| Advanced Medical Solutions Group |
10,453 | 45 | ||||||
| Aggreko |
321,133 | 3,652 | ||||||
| Alfa Financial Software Holdings* |
4,455 | 8 | ||||||
| Alliance Pharma |
18,598 | 16 | ||||||
| Allied Minds* |
13,370 | 13 | ||||||
| Anglo American |
288,491 | 6,479 | ||||||
| Antofagasta |
52,580 | 586 | ||||||
| AO World* |
14,060 | 26 | ||||||
| Arrow Global Group |
8,590 | 26 | ||||||
| Ascential |
20,930 | 114 | ||||||
| Ashmore Group |
20,781 | 99 | ||||||
| Ashtead Group |
10,172 | 323 | ||||||
| Description
|
Shares
|
Value
|
||||||
| ASOS* |
3,002 | $ | 225 | |||||
| Associated British Foods |
7,785 | 232 | ||||||
| Assura‡ |
134,729 | 95 | ||||||
| AstraZeneca |
26,794 | 2,082 | ||||||
| Auto Trader Group |
91,411 | 532 | ||||||
| AVEVA Group |
3,460 | 131 | ||||||
| Aviva |
83,540 | 533 | ||||||
| B&M European Value Retail |
49,641 | 250 | ||||||
| Babcock International Group |
4,743 | 45 | ||||||
| BAE Systems |
191,162 | 1,569 | ||||||
| Bakkavor Group |
7,561 | 17 | ||||||
| Balfour Beatty |
38,524 | 138 | ||||||
| Bank of Georgia Group |
9,153 | 204 | ||||||
| Bank of Ireland Group |
11,295 | 87 | ||||||
| Barclays |
1,680,028 | 3,762 | ||||||
| Barratt Developments |
42,709 | 316 | ||||||
| BBA Aviation |
56,995 | 223 | ||||||
| Beazley |
28,811 | 214 | ||||||
| Bellway |
6,771 | 266 | ||||||
| Berkeley Group Holdings |
28,648 | 1,375 | ||||||
| BHP Billiton |
327,730 | 7,138 | ||||||
| Biffa |
14,037 | 46 | ||||||
| Big Yellow Group‡ |
8,500 | 102 | ||||||
| Blue Prism Group* |
2,688 | 83 | ||||||
| Bodycote |
10,261 | 121 | ||||||
| boohoo.com* |
42,036 | 128 | ||||||
| Bovis Homes Group |
7,166 | 100 | ||||||
| BP |
675,169 | 5,186 | ||||||
| Brewin Dolphin Holdings |
15,759 | 70 | ||||||
| British American Tobacco |
51,042 | 2,384 | ||||||
| British American Tobacco ADR |
3,308 | 154 | ||||||
| British Land‡ |
19,662 | 158 | ||||||
| Britvic |
24,062 | 245 | ||||||
| BT Group, Cl A |
178,398 | 524 | ||||||
| BTG* |
16,137 | 116 | ||||||
| Bunzl |
59,538 | 1,872 | ||||||
| Burberry Group |
8,964 | 236 | ||||||
| Burford Capital |
10,922 | 277 | ||||||
| Cairn Energy* |
30,803 | 93 | ||||||
| Cairn Homes* |
45,134 | 77 | ||||||
| Capita |
312,835 | 583 | ||||||
| Capital & Counties Properties |
40,900 | 142 | ||||||
| Capital & Regional‡ |
22,494 | 13 | ||||||
| Card Factory |
16,784 | 43 | ||||||
| Carnival |
66,448 | 4,126 | ||||||
| Centamin |
61,597 | 85 | ||||||
| Central Asia Metals |
10,220 | 32 | ||||||
| Centrica |
122,342 | 247 | ||||||
| Charter Court Financial Services Group |
6,241 | 27 | ||||||
| Chemring Group |
18,662 | 52 | ||||||
| Cineworld Group |
52,385 | 215 | ||||||
| Civitas Social Housing‡ |
19,587 | 28 | ||||||
| Clinigen Group |
5,927 | 65 | ||||||
| Close Brothers Group |
20,551 | 423 | ||||||
| CMC Markets |
5,271 | 10 | ||||||
| Coats Group |
73,964 | 79 | ||||||
| Cobham |
1,726,675 | 2,628 | ||||||
| Compass Group |
393,341 | 8,745 | ||||||
| Computacenter |
3,872 | 64 | ||||||
| ConvaTec Group |
305,829 | 926 | ||||||
| Conviviality |
8,687 | — | ||||||
| Costain Group |
5,960 | 32 | ||||||
| Countryside Properties |
21,507 | 97 | ||||||
| Countrywide |
7,213 | 1 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Crest Nicholson Holdings |
13,231 | $ | 60 | |||||
| CRH |
3,598 | 118 | ||||||
| Croda International |
3,489 | 237 | ||||||
| CVS Group |
3,902 | 47 | ||||||
| CYBG |
47,140 | 199 | ||||||
| Daily Mail & General Trust, Cl A |
55,371 | 507 | ||||||
| Dairy Crest Group |
7,519 | 45 | ||||||
| Dart Group |
5,607 | 68 | ||||||
| DCC |
13,023 | 1,182 | ||||||
| De La Rue |
5,418 | 34 | ||||||
| Debenhams |
62,228 | 8 | ||||||
| Dechra Pharmaceuticals |
12,494 | 355 | ||||||
| Derwent London‡ |
5,849 | 218 | ||||||
| Devro |
65,431 | 176 | ||||||
| DFS Furniture |
9,602 | 27 | ||||||
| Diageo |
397,042 | 14,071 | ||||||
| Dialog Semiconductor* |
3,938 | 86 | ||||||
| Dignity |
2,731 | 36 | ||||||
| Diploma |
6,481 | 120 | ||||||
| Direct Line Insurance Group |
30,873 | 130 | ||||||
| Dixons Carphone |
52,784 | 117 | ||||||
| Domino’s Pizza Group |
24,888 | 91 | ||||||
| Drax Group |
23,038 | 117 | ||||||
| DS Smith |
74,645 | 465 | ||||||
| Dunelm Group |
5,192 | 37 | ||||||
| easyJet |
26,546 | 455 | ||||||
| EI Group* |
25,883 | 56 | ||||||
| Electrocomponents |
24,458 | 229 | ||||||
| Elementis |
26,282 | 92 | ||||||
| Elis |
4,062 | 96 | ||||||
| EMIS Group |
3,112 | 41 | ||||||
| Empiric Student Property‡ |
36,114 | 45 | ||||||
| EnQuest* |
64,935 | 35 | ||||||
| Equiniti Group |
18,712 | 65 | ||||||
| Essentra |
13,483 | 71 | ||||||
| esure Group |
16,869 | 61 | ||||||
| Evraz |
20,040 | 148 | ||||||
| Experian |
252,694 | 6,490 | ||||||
| Faroe Petroleum* |
19,023 | 41 | ||||||
| Ferguson |
4,993 | 424 | ||||||
| Ferrexpo |
15,336 | 40 | ||||||
| Fevertree Drinks |
5,422 | 255 | ||||||
| Firstgroup* |
64,607 | 77 | ||||||
| Forterra |
11,846 | 40 | ||||||
| Fresnillo |
4,917 | 53 | ||||||
| Frontier Developments* |
1,005 | 17 | ||||||
| G4S |
286,080 | 902 | ||||||
| Galliford Try |
7,041 | 93 | ||||||
| Games Workshop Group |
1,604 | 79 | ||||||
| GB Group |
7,985 | 61 | ||||||
| GCP Student Living‡ |
20,098 | 39 | ||||||
| Genus |
3,467 | 108 | ||||||
| Georgia Capital* |
9,231 | 134 | ||||||
| GlaxoSmithKline |
104,899 | 2,102 | ||||||
| Glencore |
468,323 | 2,025 | ||||||
| Global Ports Investments GDR* |
177,548 | 547 | ||||||
| Globaltrans Investment GDR |
32,195 | 337 | ||||||
| Go-Ahead Group |
2,167 | 45 | ||||||
| Gocompare.Com Group |
19,186 | 24 | ||||||
| Grafton Group |
12,841 | 127 | ||||||
| Grainger |
21,591 | 84 | ||||||
| Great Portland Estates‡ |
14,501 | 126 | ||||||
| Greencore Group |
35,982 | 87 | ||||||
| Greene King |
16,492 | 105 | ||||||
| Greggs |
5,337 | 73 | ||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Gulf Keystone Petroleum* |
11,975 | $ | 45 | |||||
| GVC Holdings |
52,522 | 629 | ||||||
| Halfords Group |
10,640 | 44 | ||||||
| Halma |
20,859 | 393 | ||||||
| Hammerson‡ |
15,380 | 92 | ||||||
| Hansteen Holdings‡ |
25,166 | 32 | ||||||
| Hargreaves Lansdown |
6,278 | 183 | ||||||
| Hastings Group Holdings |
16,327 | 55 | ||||||
| Hays |
378,605 | 1,007 | ||||||
| Helical |
4,205 | 18 | ||||||
| Hikma Pharmaceuticals |
8,066 | 194 | ||||||
| Hill & Smith Holdings |
4,298 | 55 | ||||||
| Hiscox |
15,804 | 339 | ||||||
| Hochschild Mining |
11,971 | 26 | ||||||
| HomeServe |
132,043 | 1,764 | ||||||
| Hon Hai Precision Industry GDR |
143,541 | 756 | ||||||
| Hostelworld Group |
4,521 | 13 | ||||||
| Hotel Chocolat Group |
2,456 | 11 | ||||||
| Howden Joinery Group |
34,328 | 210 | ||||||
| HSBC Holdings |
423,364 | 3,696 | ||||||
| Hunting |
7,968 | 81 | ||||||
| Hurricane Energy* |
77,676 | 59 | ||||||
| Ibstock |
22,083 | 68 | ||||||
| IG Group Holdings |
77,366 | 639 | ||||||
| IMI |
117,777 | 1,684 | ||||||
| Imperial Brands |
24,568 | 856 | ||||||
| Inchcape |
75,816 | 661 | ||||||
| Indivior* |
38,382 | 92 | ||||||
| Informa |
88,096 | 875 | ||||||
| Inmarsat |
25,435 | 166 | ||||||
| IntegraFin Holdings* |
10,376 | 48 | ||||||
| InterContinental Hotels Group |
3,890 | 242 | ||||||
| Intermediate Capital Group |
15,445 | 219 | ||||||
| International Personal Finance |
107,192 | 315 | ||||||
| Intertek Group |
40,515 | 2,636 | ||||||
| Intu Properties‡ |
49,434 | 99 | ||||||
| Investec |
14,440 | 102 | ||||||
| iomart Group |
5,151 | 29 | ||||||
| IQE* |
40,510 | 43 | ||||||
| ITE Group |
37,568 | 35 | ||||||
| ITV |
429,555 | 884 | ||||||
| IWG |
35,953 | 114 | ||||||
| J D Wetherspoon |
4,480 | 76 | ||||||
| J Sainsbury |
37,008 | 155 | ||||||
| JD Sports Fashion |
23,200 | 139 | ||||||
| John Laing Group |
25,538 | 104 | ||||||
| John Menzies |
4,386 | 31 | ||||||
| John Wood Group |
45,710 | 459 | ||||||
| Johnson Matthey |
4,012 | 186 | ||||||
| JPJ Group* |
2,897 | 29 | ||||||
| Jupiter Fund Management |
73,284 | 387 | ||||||
| Just Eat* |
152,123 | 1,330 | ||||||
| Just Group |
50,073 | 58 | ||||||
| Kainos Group |
2,707 | 15 | ||||||
| KAZ Minerals |
13,045 | 93 | ||||||
| KCOM Group |
25,392 | 31 | ||||||
| Keller Group |
3,711 | 49 | ||||||
| Kerry Group, Cl A |
3,370 | 373 | ||||||
| Keywords Studios |
2,790 | 71 | ||||||
| Kier Group |
5,030 | 59 | ||||||
| Kingfisher |
46,049 | 155 | ||||||
| Kingspan Group |
8,379 | 391 | ||||||
| Lancashire Holdings |
10,620 | 84 | ||||||
| Land Securities Group‡ |
15,386 | 177 | ||||||
| Learning Technologies Group |
23,248 | 50 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| Legal & General Group |
123,199 | $ | 421 | |||||
| Lloyds Banking Group |
9,543,654 | 7,373 | ||||||
| London Stock Exchange Group |
6,648 | 397 | ||||||
| LondonMetric Property‡ |
37,721 | 87 | ||||||
| Lookers |
16,438 | 23 | ||||||
| Lukoil PJSC ADR |
5,391 | 413 | ||||||
| Majestic Wine |
2,479 | 13 | ||||||
| Man Group |
87,687 | 202 | ||||||
| Marks & Spencer Group |
36,385 | 137 | ||||||
| Marshalls |
10,387 | 56 | ||||||
| Marston’s |
34,963 | 45 | ||||||
| McCarthy & Stone |
64,846 | 113 | ||||||
| Mediclinic International |
6,673 | 37 | ||||||
| Meggitt |
15,281 | 113 | ||||||
| Melrose Industries |
100,617 | 262 | ||||||
| Merlin Entertainments |
283,608 | 1,480 | ||||||
| Metro Bank* |
4,850 | 188 | ||||||
| Micro Focus International |
4,039 | 75 | ||||||
| Micro Focus International ADR |
5,456 | 101 | ||||||
| Mitchells & Butlers |
10,986 | 38 | ||||||
| Mitie Group |
18,791 | 36 | ||||||
| Mondi |
7,574 | 208 | ||||||
| Moneysupermarket.com Group |
60,324 | 219 | ||||||
| Morgan Advanced Materials |
14,553 | 63 | ||||||
| Morgan Sindall Group |
1,984 | 34 | ||||||
| N Brown Group |
8,686 | 15 | ||||||
| National Express Group |
48,422 | 247 | ||||||
| National Grid |
92,917 | 959 | ||||||
| NCC Group |
16,440 | 43 | ||||||
| NewRiver‡ |
17,530 | 59 | ||||||
| NEX Group |
95,203 | 1,233 | ||||||
| Next |
2,978 | 213 | ||||||
| NMC Health |
2,223 | 98 | ||||||
| Non-Standard Finance |
109,565 | 81 | ||||||
| Northgate |
8,027 | 44 | ||||||
| Nostrum Oil & Gas* |
3,702 | 12 | ||||||
| Novolipetsk Steel PJSC GDR |
18,370 | 495 | ||||||
| Numis |
3,642 | 16 | ||||||
| Ocado Group* |
30,444 | 358 | ||||||
| On the Beach Group |
6,398 | 41 | ||||||
| OneSavings Bank |
12,646 | 67 | ||||||
| Ophir Energy* |
35,297 | 17 | ||||||
| Oxford Biomedica* |
2,563 | 31 | ||||||
| Oxford Instruments |
2,830 | 37 | ||||||
| Paddy Power Betfair |
6,775 | 573 | ||||||
| Pagegroup |
41,126 | 307 | ||||||
| Pan African Resources |
86,747 | 9 | ||||||
| Paragon Banking Group |
14,346 | 90 | ||||||
| Patisserie Holdings |
2,616 | 15 | ||||||
| Pearson |
16,352 | 190 | ||||||
| Pendragon |
64,794 | 23 | ||||||
| Pennon Group |
23,205 | 215 | ||||||
| Persimmon |
6,821 | 210 | ||||||
| Petra Diamonds* |
41,273 | 20 | ||||||
| Petrofac |
29,950 | 253 | ||||||
| Pets at Home Group |
103,631 | 161 | ||||||
| Phoenix Group Holdings |
29,435 | 259 | ||||||
| PhosAgro PJSC GDR |
3,930 | 53 | ||||||
| Photo-Me International |
15,143 | 25 | ||||||
| Playtech |
37,532 | 238 | ||||||
| Plus500 |
4,138 | 72 | ||||||
| Polypipe Group |
9,679 | 45 | ||||||
| Premier Foods* |
25,884 | 14 | ||||||
| Premier Oil* |
40,905 | 74 | ||||||
| Primary Health Properties‡ |
42,294 | 63 | ||||||
| Description
|
Shares
|
Value
|
||||||
| Provident Financial |
60,990 | $ | 480 | |||||
| Prudential |
131,212 | 3,010 | ||||||
| Purplebricks Group* |
10,473 | 31 | ||||||
| PZ Cussons |
16,517 | 50 | ||||||
| QinetiQ Group |
31,938 | 119 | ||||||
| Quilter |
103,346 | 181 | ||||||
| Randgold Resources |
1,987 | 141 | ||||||
| Rathbone Brothers |
5,432 | 170 | ||||||
| RDI‡ |
76,465 | 33 | ||||||
| Reckitt Benckiser Group |
93,906 | 8,588 | ||||||
| Redde |
16,074 | 41 | ||||||
| Redrow |
12,446 | 95 | ||||||
| Regional‡ |
16,540 | 21 | ||||||
| RELX |
144,426 | 3,042 | ||||||
| Renewi |
39,435 | 29 | ||||||
| Renishaw |
1,926 | 119 | ||||||
| Rentokil Initial |
100,790 | 418 | ||||||
| Restaurant Group |
9,592 | 37 | ||||||
| Restore |
6,121 | 39 | ||||||
| Rhi Magnesita |
224 | 14 | ||||||
| Rightmove |
369,250 | 2,267 | ||||||
| Rio Tinto |
98,237 | 4,968 | ||||||
| Rolls-Royce Holdings |
324,472 | 4,175 | ||||||
| Rotork |
75,926 | 327 | ||||||
| Royal Bank of Scotland Group |
99,802 | 325 | ||||||
| Royal Dutch Shell, Cl A |
97,106 | 3,337 | ||||||
| Royal Dutch Shell, Cl B |
321,988 | 11,286 | ||||||
| Royal Mail |
19,184 | 119 | ||||||
| RPC Group |
21,973 | 228 | ||||||
| RPS Group |
11,843 | 34 | ||||||
| RSA Insurance Group |
21,374 | 160 | ||||||
| Sabre Insurance Group |
11,975 | 41 | ||||||
| SafeCharge International Group |
2,887 | 12 | ||||||
| Safestore Holdings‡ |
10,995 | 75 | ||||||
| Saga |
59,448 | 101 | ||||||
| Sage Group |
22,452 | 172 | ||||||
| Samsung Electronics GDR |
4,860 | 5,088 | ||||||
| Sanne Group |
7,105 | 59 | ||||||
| Savills |
7,536 | 77 | ||||||
| Scapa Group |
7,435 | 44 | ||||||
| Schroder‡ |
30,812 | 24 | ||||||
| Schroders |
2,419 | 98 | ||||||
| Segro‡ |
20,845 | 173 | ||||||
| Senior |
22,243 | 91 | ||||||
| Serco Group* |
390,683 | 498 | ||||||
| Severn Trent |
5,305 | 128 | ||||||
| Shaftesbury‡ |
8,810 | 104 | ||||||
| Shire |
19,196 | 1,156 | ||||||
| SIG |
30,237 | 50 | ||||||
| Sirius Minerals* |
229,775 | 84 | ||||||
| Sirius Real Estate |
46,595 | 38 | ||||||
| Sky |
21,595 | 487 | ||||||
| Smart Metering Systems |
5,144 | 41 | ||||||
| Smith & Nephew |
27,403 | 500 | ||||||
| Smiths Group |
132,833 | 2,589 | ||||||
| Soco International |
7,102 | 8 | ||||||
| Softcat |
6,095 | 63 | ||||||
| SolGold* |
30,651 | 15 | ||||||
| Sophos Group |
17,117 | 109 | ||||||
| Sound Energy, Cl A* |
34,244 | 15 | ||||||
| South32 |
5,924 | 17 | ||||||
| Spectris |
107,825 | 3,335 | ||||||
| Spirax-Sarco Engineering |
4,047 | 385 | ||||||
| Spire Healthcare Group |
15,002 | 28 | ||||||
| Sports Direct International |
11,796 | 52 | ||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Shares
|
Value
|
||||||
| SSE |
21,678 | $ | 324 | |||||
| SSP Group |
150,300 | 1,420 | ||||||
| St. James’s Place |
40,627 | 606 | ||||||
| St. Modwen Properties |
10,025 | 50 | ||||||
| Staffline Group |
768 | 12 | ||||||
| Stagecoach Group |
73,931 | 151 | ||||||
| Standard Chartered |
181,192 | 1,503 | ||||||
| Standard Life Aberdeen |
56,833 | 227 | ||||||
| Standard Life Investment Property Income Trust‡ |
21,212 | 25 | ||||||
| State Bank of India GDR* |
53,780 | 1,987 | ||||||
| Stobart Group |
16,271 | 53 | ||||||
| Stock Spirits Group |
8,523 | 22 | ||||||
| Superdry |
2,748 | 39 | ||||||
| Synthomer |
15,330 | 108 | ||||||
| TalkTalk Telecom Group |
36,366 | 58 | ||||||
| Tate & Lyle |
24,743 | 220 | ||||||
| Taylor Wimpey |
70,542 | 158 | ||||||
| Ted Baker |
1,694 | 51 | ||||||
| Telecom Plus |
3,257 | 44 | ||||||
| Telford Homes |
4,691 | 25 | ||||||
| Tesco |
2,508,749 | 7,842 | ||||||
| Thomas Cook Group |
546,860 | 413 | ||||||
| TP ICAP |
29,195 | 102 | ||||||
| Travis Perkins |
348,114 | 4,834 | ||||||
| Tritax Big Box‡ |
81,677 | 157 | ||||||
| TUI |
47,531 | 913 | ||||||
| Tullow Oil* |
76,820 | 264 | ||||||
| UDG Healthcare |
13,852 | 124 | ||||||
| Ultra Electronics Holdings |
4,154 | 86 | ||||||
| Unilever |
55,251 | 3,036 | ||||||
| UNITE Group‡ |
14,656 | 171 | ||||||
| United Utilities Group |
15,235 | 140 | ||||||
| Vectura Group* |
30,948 | 32 | ||||||
| Vesuvius |
11,153 | 94 | ||||||
| Victoria* |
6,230 | 57 | ||||||
| Victrex |
4,774 | 208 | ||||||
| Virgin Money Holdings UK |
14,963 | 75 | ||||||
| Vodafone Group |
665,276 | 1,426 | ||||||
| Watkin Jones |
7,565 | 19 | ||||||
| Weir Group |
142,111 | 3,266 | ||||||
| WH Smith |
30,874 | 830 | ||||||
| Whitbread |
3,802 | 234 | ||||||
| William Hill |
47,666 | 157 | ||||||
| WM Morrison Supermarkets |
48,042 | 162 | ||||||
| Workspace Group‡ |
6,322 | 81 | ||||||
| WPP |
391,596 | 5,740 | ||||||
|
|
|
|||||||
| 239,226 | ||||||||
|
|
|
|||||||
| United States – 0.9% |
||||||||
| Communication Services – 0.2% |
|
|||||||
| Yandex, Cl A* |
69,580 | 2,288 | ||||||
|
|
|
|||||||
| Consumer Discretionary – 0.0% |
||||||||
| SodaStream International* |
1,248 | 179 | ||||||
|
|
|
|||||||
| Consumer Staples – 0.0% |
||||||||
| Coca-Cola European Partners |
1,400 | 64 | ||||||
|
|
|
|||||||
| Health Care – 0.0% |
||||||||
| UroGen Pharma* |
500 | 24 | ||||||
|
|
|
|||||||
| Description
|
Shares
|
Value (000)
|
||||||
| Industrials – 0.5% |
||||||||
| Caesarstone |
1,222 | $ | 23 | |||||
| Canadian National Railway |
67,610 | 6,070 | ||||||
| Copa Holdings, Cl A |
20,200 | 1,613 | ||||||
| Kornit Digital* |
1,466 | 32 | ||||||
|
|
|
|||||||
| 7,738 | ||||||||
|
|
|
|||||||
| Information Technology – 0.1% |
|
|||||||
| CyberArk Software* |
1,906 | 152 | ||||||
| Genpact |
12,433 | 381 | ||||||
| InterXion Holding* |
3,930 | 264 | ||||||
| Ituran Location and Control |
923 | 32 | ||||||
| NXP Semiconductors |
7,259 | 621 | ||||||
| Orbotech* |
2,543 | 151 | ||||||
| Wix.com* |
2,302 | 276 | ||||||
|
|
|
|||||||
| 1,877 | ||||||||
|
|
|
|||||||
| Materials – 0.2% |
||||||||
| Constellium, Cl A* |
6,300 | 78 | ||||||
| Hecla Mining |
3,929 | 11 | ||||||
| Southern Copper |
61,762 | 2,664 | ||||||
|
|
|
|||||||
| 2,753 | ||||||||
|
|
|
|||||||
| 14,923 | ||||||||
|
|
|
|||||||
| Total Common Stock |
1,514,814 | |||||||
|
|
|
|||||||
| Preferred Stock (C) — 0.6% |
||||||||
| Alpargatas |
299,398 | 904 | ||||||
| Banco Bradesco |
53,531 | 379 | ||||||
| Banco do Estado do Rio Grande do Sul |
103,400 | 381 | ||||||
| Bayerische Motoren Werke |
1,082 | 85 | ||||||
| Biotest |
1,045 | 29 | ||||||
| Draegerwerk & KGaA |
522 | 33 | ||||||
| FUCHS PETROLUB |
1,466 | 82 | ||||||
| Grupo Aval Acciones y Valores |
641,273 | 252 | ||||||
| Henkel & KGaA |
3,819 | 448 | ||||||
| Itau Unibanco Holding |
187,300 | 2,047 | ||||||
| Itausa - Investimentos Itau |
220,117 | 548 | ||||||
| Jungheinrich |
2,620 | 100 | ||||||
| Petroleo Brasileiro |
61,600 | 322 | ||||||
| Porsche Automobil Holding |
3,143 | 212 | ||||||
| Sartorius |
732 | 119 | ||||||
| Schaeffler |
3,028 | 39 | ||||||
| Sixt |
857 | 68 | ||||||
| STO & KGaA |
96 | 10 | ||||||
| Telefonica Brasil |
117,100 | 1,135 | ||||||
| Volkswagen |
8,722 | 1,535 | ||||||
|
|
|
|||||||
| Total Preferred Stock |
8,728 | |||||||
|
|
|
|||||||
| Exchange Traded Fund — 0.0% |
||||||||
| P2P Global Investments |
4,390 | 45 | ||||||
|
|
|
|||||||
| Total Exchange Traded Fund |
45 | |||||||
|
|
|
|||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Number of
|
Value
|
||||||
| Rights — 0.0% |
||||||||
| Capita, Expires 6/4/2018* |
5 | $ | – | |||||
| GL Events, Expires 10/10/2018* |
344 | – | ||||||
| Harvey Norman Holdings, Expires 10/17/2018* |
771 | – | ||||||
| Mekonomen, |
5,496 | 4 | ||||||
| Nufarm, Expires 10/19/2018* |
1,981 | 2 | ||||||
| Rolls-Royce Holdings†* |
8,022,432 | 10 | ||||||
| SAMTY, Expires 11/21/2018* |
800 | – | ||||||
|
|
|
|||||||
| Total Rights |
16 | |||||||
|
|
|
|||||||
| Warrants — 0.0% |
||||||||
| Number of
|
||||||||
| Ezion Holdings, |
77,880 | – | ||||||
|
|
|
|||||||
| Total Warrants |
– | |||||||
|
|
|
|||||||
| Shares
|
||||||||
| Short-Term Investment — 2.1% |
||||||||
| State Street Institutional Treasury Money Market Fund, Cl Institutional, 1.950% (B) |
32,409,639 | 32,410 | ||||||
|
|
|
|||||||
| Total Short-Term Investment |
32,410 | |||||||
|
|
|
|||||||
| Total Investments In Securities — 99.2% |
|
$ | 1,556,013 | |||||
|
|
|
|||||||
Percentages are based on Net Assets of $1,569,064 (000).
A list of the open futures contracts held by the Fund at September 30, 2018, is as follows (000):
| Type of Contract |
Number of Contracts Long |
Expiration Date |
Notional Amount (Thousands) |
Value (Thousands) |
Unrealized Appreciation/ (Depreciation) (Thousands) |
|||||||||||||||
| MSCI EAFE Index E-MINI |
171 | Dec-2018 | $ | 16,850 | $ | 16,891 | $ | 41 | ||||||||||||
| S&P TSX 60 Index |
11 | Dec-2018 | 1,610 | 1,619 | (3 | ) | ||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||
| $ | 18,460 | $ | 18,510 | $ | 38 | |||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| † | Currently, expiration date is unavailable. |
| (A) | Level 3 security in accordance with fair value hierarchy. |
| (B) | The rate reported is the 7-day effective yield as of September 30, 2018. |
| (C) | Currently, no stated interest rate |
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
S&P — Standard & Poor’s
TSX — Toronto Stock Exchange
The following is a list of the level of inputs used as of September 30, 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 |
$ | 790 | $ | – | $ | – | $ | 790 | ||||||||
| Australia |
49,707 | 174 | – | 49,881 | ||||||||||||
| Austria |
3,003 | 7 | – | 3,010 | ||||||||||||
| Belgium |
9,753 | 70 | – | 9,823 | ||||||||||||
| Brazil |
20,814 | – | – | 20,814 | ||||||||||||
| Canada |
73,684 | – | – | 73,684 | ||||||||||||
| Chile |
4,190 | – | – | 4,190 | ||||||||||||
| China |
37,655 | 1 | – | 37,656 | ||||||||||||
| Colombia |
2,727 | – | – | 2,727 | ||||||||||||
| Czech Republic |
– | 487 | – | 487 | ||||||||||||
| Denmark |
23,758 | – | – | 23,758 | ||||||||||||
| Egypt |
– | 84 | – | 84 | ||||||||||||
| Finland |
12,362 | – | – | 12,362 | ||||||||||||
| France |
106,272 | 24 | – | 106,296 | ||||||||||||
| Germany |
89,725 | 28 | – | 89,753 | ||||||||||||
| Greece |
3,617 | – | – | 3,617 | ||||||||||||
| Hong Kong |
88,570 | 16 | 15 | 88,601 | ||||||||||||
| Hungary |
2,057 | – | – | 2,057 | ||||||||||||
| India |
39,027 | – | – | 39,027 | ||||||||||||
| Indonesia |
7,428 | – | – | 7,428 | ||||||||||||
| Ireland |
8,618 | – | – | 8,618 | ||||||||||||
| Israel |
4,647 | 2,726 | – | 7,373 | ||||||||||||
| Italy |
26,335 | 19 | – | 26,354 | ||||||||||||
| Japan |
233,204 | 1,559 | – | 234,763 | ||||||||||||
| Kenya |
290 | – | – | 290 | ||||||||||||
| Luxembourg |
1,462 | – | – | 1,462 | ||||||||||||
| Malaysia |
4,420 | – | – | 4,420 | ||||||||||||
| Mexico |
11,016 | – | – | 11,016 | ||||||||||||
| Netherlands |
51,549 | – | – | 51,549 | ||||||||||||
| New Zealand |
2,310 | – | – | 2,310 | ||||||||||||
| Norway |
15,409 | – | – | 15,409 | ||||||||||||
| Peru |
2,585 | – | – | 2,585 | ||||||||||||
| Philippines |
1,295 | – | – | 1,295 | ||||||||||||
| Poland |
5,539 | – | – | 5,539 | ||||||||||||
| Portugal |
996 | – | – | 996 | ||||||||||||
| Qatar |
– | 3,546 | – | 3,546 | ||||||||||||
| Russia |
3,264 | – | – | 3,264 | ||||||||||||
| Singapore |
33,781 | 101 | – | 33,882 | ||||||||||||
| South Africa |
24,887 | – | – | 24,887 | ||||||||||||
| South Korea |
42,073 | – | – | 42,073 | ||||||||||||
| Spain |
27,039 | 19 | – | 27,058 | ||||||||||||
| Sweden |
23,374 | 213 | – | 23,587 | ||||||||||||
| Switzerland |
104,898 | 65 | – | 104,963 | ||||||||||||
| Taiwan |
28,033 | 959 | – | 28,992 | ||||||||||||
| Thailand |
12,061 | – | – | 12,061 | ||||||||||||
| Turkey |
5,813 | – | – | 5,813 | ||||||||||||
| United Arab Emirates |
– | 515 | – | 515 | ||||||||||||
| United Kingdom |
239,025 | 201 | – | 239,226 | ||||||||||||
| United States |
14,923 | – | – | 14,923 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Common Stock |
1,503,985 | 10,814 | 15 | 1,514,814 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Preferred Stock |
8,631 | 97 | – | 8,728 | ||||||||||||
| Exchange Traded Fund |
45 | – | – | 45 | ||||||||||||
| Rights |
– | 16 | – | 16 | ||||||||||||
| Warrants |
– | – | – | – | ||||||||||||
| Short-Term Investment |
32,410 | – | – | 32,410 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments in Securities |
$ | 1,545,071 | $ | 10,927 | $ | 15 | $ | 1,556,013 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
KP International Equity Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Other Financial Instruments |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Futures Contracts** |
||||||||||||||||
| Unrealized Appreciation |
$ | 41 | $ | — | $ | — | $ | 41 | ||||||||
| Unrealized Depreciation |
(3) | — | — | (3) | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Other Financial Instruments |
$ | 38 | $ | — | $ | — | $ | 38 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| ** | Futures contracts are valued at the unrealized appreciation (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 September 30, 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 September 30, 2018, securities with a total value of $66 (000) transferred from Level 2 to Level 1 as a result of fair valuation of foreign equity securities. For the period ended September 30, 2018, securities with a total value of $566 (000) transferred from Level 1 to Level 2. For the period ended September 30, 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.
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
|
SCHEDULE OF INVESTMENTS
|
| Description
|
Face Amount
|
Value (000)
|
||||||
| U.S. Treasury Obligations — 26.2% |
|
|||||||
| U.S. Treasury Bonds |
||||||||
| 5.375%, 02/15/31 |
$ | 1,000 | $ | 1,236 | ||||
| 5.000%, 05/15/37 |
2,240 | 2,835 | ||||||
| 4.750%, 02/15/37 |
10,315 | 12,668 | ||||||
| 4.625%, 02/15/40 |
500 | 613 | ||||||
| 4.500%, 05/15/38 |
50 | 60 | ||||||
| 4.375%, 02/15/38 |
900 | 1,062 | ||||||
| 3.875%, 08/15/40 |
500 | 555 | ||||||
| 3.750%, 11/15/43 |
6,500 | 7,117 | ||||||
| 3.625%, 02/15/44 |
2,000 | 2,148 | ||||||
| 3.500%, 02/15/39 |
3,100 | 3,266 | ||||||
| 3.375%, 05/15/44 |
6,000 | 6,187 | ||||||
| 3.125%, 05/15/48 |
12,134 | 11,972 | ||||||
| 3.000%, 11/15/45 - 02/15/48 |
13,638 | 13,133 | ||||||
| 2.875%, 05/15/43 - 11/15/46 |
7,594 | 7,148 | ||||||
| 2.750%, 08/15/47 - 11/15/47 |
17,386 | 15,918 | ||||||
| 2.500%, 02/15/45 - 05/15/46 |
2,084 | 1,822 | ||||||
| 2.250%, 08/15/46 |
3,400 | 2,808 | ||||||
| U.S. Treasury Notes |
||||||||
| 3.625%, 02/15/20 |
1,750 | 1,770 | ||||||
| 3.500%, 05/15/20 |
750 | 758 | ||||||
| 3.375%, 11/15/19 |
2,000 | 2,015 | ||||||
| 2.875%, 09/30/23 - 08/15/28 |
29,281 | 28,931 | ||||||
| 2.750%, 09/30/20 - 02/15/28 |
64,474 | 63,912 | ||||||
| 2.625%, 07/31/20 - 03/31/25 |
67,424 | 66,765 | ||||||
| 2.500%, 06/30/20 - 01/31/25 |
32,261 | 31,941 | ||||||
| 2.375%, 12/31/20 - 05/15/27 |
7,650 | 7,488 | ||||||
| 2.250%, 02/29/20 - 11/15/27 |
16,100 | 15,448 | ||||||
| 2.125%, 08/15/21 - 05/15/25 |
16,019 | 15,389 | ||||||
| 2.000%, 01/31/20 - 11/15/26 |
31,261 | 30,104 | ||||||
| 1.875%, 12/15/20 - 09/30/22 |
22,009 | 21,199 | ||||||
| 1.750%, 11/15/20 - 05/15/23 |
14,303 | 13,758 | ||||||
| 1.625%, 12/31/19 - 05/15/26 |
20,911 | 19,895 | ||||||
| 1.500%, 10/31/19 - 08/15/26 |
16,250 | 15,752 | ||||||
| 1.375%, 12/15/19 - 09/30/23 |
19,900 | 19,256 | ||||||
| 1.250%, 03/31/21 - 07/31/23 |
5,000 | 4,741 | ||||||
| 1.125%, 12/31/19 - 09/30/21 |
14,128 | 13,513 | ||||||
|
|
|
|||||||
| Total U.S. Treasury Obligations |
||||||||
| (Cost $473,758) (000) |
463,183 | |||||||
|
|
|
|||||||
| Corporate Obligations — 25.0% |
| |||||||
| Communication Services – 1.5% |
| |||||||
| 21st Century Fox America |
||||||||
| 6.400%, 12/15/35 |
973 | 1,240 | ||||||
| 6.150%, 02/15/41 |
500 | 637 | ||||||
| 4.500%, 02/15/21 |
100 | 103 | ||||||
| 3.700%, 10/15/25 |
20 | 20 | ||||||
| Activision Blizzard |
||||||||
| 3.400%, 09/15/26 |
50 | 48 | ||||||
| Alphabet |
||||||||
| 3.375%, 02/25/24 |
100 | 101 | ||||||
| America Movil |
||||||||
| 6.125%, 03/30/40 |
250 | 296 | ||||||
| AT&T |
||||||||
| 5.250%, 03/01/37 |
2,408 | 2,400 | ||||||
| 5.150%, 03/15/42 |
370 | 357 | ||||||
|
Description
|
Face Amount
|
Value (000)
|
||||||
| 5.150%, 02/15/50 (A) |
$ | 453 | $ | 430 | ||||
| 4.500%, 03/09/48 |
100 | 87 | ||||||
| 4.350%, 06/15/45 |
600 | 517 | ||||||
| 4.300%, 02/15/30 (A) |
333 | 320 | ||||||
| 4.125%, 02/17/26 |
200 | 197 | ||||||
| 4.100%, 02/15/28 (A) |
253 | 246 | ||||||
| 3.800%, 03/01/24 |
200 | 198 | ||||||
| 3.400%, 05/15/25 |
2,235 | 2,128 | ||||||
| 2.450%, 06/30/20 |
150 | 148 | ||||||
| Baidu |
||||||||
| 3.875%, 09/29/23 |
200 | 198 | ||||||
| Bell Canada |
||||||||
| 4.464%, 04/01/48 |
15 | 15 | ||||||
| CBS |
||||||||
| 3.375%, 03/01/22 |
150 | 148 | ||||||
| 2.900%, 06/01/23 (A) |
100 | 95 | ||||||
| Charter Communications Operating |
||||||||
| 6.484%, 10/23/45 |
150 | 161 | ||||||
| 6.384%, 10/23/35 |
247 | 266 | ||||||
| 5.375%, 04/01/38 |
100 | 97 | ||||||
| 5.375%, 05/01/47 |
536 | 508 | ||||||
| 4.500%, 02/01/24 |
100 | 101 | ||||||
| 3.579%, 07/23/20 |
200 | 200 | ||||||
| Comcast |
||||||||
| 4.400%, 08/15/35 |
100 | 98 | ||||||
| 4.250%, 01/15/33 |
500 | 490 | ||||||
| 4.049%, 11/01/52 |
244 | 216 | ||||||
| 4.000%, 08/15/47 |
200 | 179 | ||||||
| 3.900%, 03/01/38 |
100 | 92 | ||||||
| 3.375%, 02/15/25 |
125 | 121 | ||||||
| 3.150%, 03/01/26 |
50 | 47 | ||||||
| 2.750%, 03/01/23 |
100 | 97 | ||||||
| Deutsche Telekom International Finance BV |
||||||||
| 8.750%, 06/15/30 |
100 | 134 | ||||||
| 2.225%, 01/17/20 (A) |
1,009 | 997 | ||||||
| Discovery Communications |
||||||||
| 5.000%, 09/20/37 |
150 | 146 | ||||||
| 3.800%, 03/13/24 |
50 | 49 | ||||||
| 2.950%, 03/20/23 |
50 | 48 | ||||||
| 2.800%, 06/15/20 (A) |
100 | 99 | ||||||
| 2.750%, 11/15/19 (A) |
100 | 100 | ||||||
| Interpublic Group |
||||||||
| 5.400%, 10/01/48 |
25 | 25 | ||||||
| 3.750%, 10/01/21 |
100 | 100 | ||||||
| NBCUniversal Media |
||||||||
| 4.375%, 04/01/21 |
100 | 102 | ||||||
| Omnicom Group |
||||||||
| 3.600%, 04/15/26 |
100 | 95 | ||||||
| Orange |
||||||||
| 4.125%, 09/14/21 |
100 | 102 | ||||||
| RELX Capital |
||||||||
| 3.125%, 10/15/22 |
100 | 98 | ||||||
| Rogers Communications |
||||||||
| 4.300%, 02/15/48 |
40 | 39 | ||||||
| 2.900%, 11/15/26 |
50 | 46 | ||||||
| Telefonica Emisiones SAU |
||||||||
| 5.462%, 02/16/21 |
110 | 115 | ||||||
| 5.213%, 03/08/47 |
150 | 147 | ||||||
| 4.895%, 03/06/48 |
150 | 139 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value
|
||||||
| TELUS |
||||||||
| 4.600%, 11/16/48 |
$ | 50 | $ | 50 | ||||
| Tencent Holdings |
||||||||
| 2.985%, 01/19/23 (A) |
1,083 | 1,049 | ||||||
| 2.875%, 02/11/20 (A) |
643 | 638 | ||||||
| Thomson Reuters |
||||||||
| 3.350%, 05/15/26 |
100 | 92 | ||||||
| Verizon Communications |
||||||||
| 5.012%, 08/21/54 |
600 | 602 | ||||||
| 4.812%, 03/15/39 |
100 | 101 | ||||||
| 4.400%, 11/01/34 |
400 | 390 | ||||||
| 4.329%, 09/21/28 |
4,039 | 4,061 | ||||||
| 4.272%, 01/15/36 |
1,391 | 1,326 | ||||||
| 3.376%, 02/15/25 |
150 | 145 | ||||||
| 2.625%, 08/15/26 |
135 | 122 | ||||||
| Viacom |
||||||||
| 6.875%, 04/30/36 |
100 | 114 | ||||||
| 4.375%, 03/15/43 |
216 | 188 | ||||||
| 3.450%, 10/04/26 |
150 | 141 | ||||||
| Vodafone Group |
||||||||
| 4.375%, 05/30/28 |
2,078 | 2,047 | ||||||
| 4.375%, 02/19/43 |
300 | 270 | ||||||
| 3.750%, 01/16/24 |
200 | 198 | ||||||
| 2.500%, 09/26/22 |
100 | 96 | ||||||
| Walt Disney |
||||||||
| 3.700%, 12/01/42 |
72 | 67 | ||||||
| 3.150%, 09/17/25 |
100 | 97 | ||||||
| 1.800%, 06/05/20 |
250 | 245 | ||||||
|
|
|
|||||||
| 27,222 | ||||||||
|
|
|
|||||||
| Consumer Discretionary – 1.0% |
||||||||
| Amazon.com |
||||||||
| 4.800%, 12/05/34 |
300 | 327 | ||||||
| 4.050%, 08/22/47 |
150 | 148 | ||||||
| 3.875%, 08/22/37 |
100 | 98 | ||||||
| American Honda Finance |
||||||||
| 2.650%, 02/12/21 |
100 | 99 | ||||||
| 2.600%, 11/16/22 |
50 | 48 | ||||||
| 2.450%, 09/24/20 |
100 | 99 | ||||||
| 1.950%, 07/20/20 |
45 | 44 | ||||||
| Aptiv |
||||||||
| 4.150%, 03/15/24 |
40 | 40 | ||||||
| 3.150%, 11/19/20 |
100 | 99 | ||||||
| Arcos Dorados Holdings |
||||||||
| 5.875%, 04/04/27 (A) |
200 | 187 | ||||||
| AutoNation |
||||||||
| 3.800%, 11/15/27 |
25 | 23 | ||||||
| AutoZone |
||||||||
| 3.750%, 06/01/27 |
100 | 97 | ||||||
| Bed Bath & Beyond |
||||||||
| 3.749%, 08/01/24 |
25 | 22 | ||||||
| Best Buy |
||||||||
| 4.450%, 10/01/28 |
25 | 25 | ||||||
| Block Financial |
||||||||
| 4.125%, 10/01/20 |
200 | 202 | ||||||
| Booking Holdings |
||||||||
| 2.750%, 03/15/23 |
50 | 48 | ||||||
| Diageo Capital |
||||||||
| 3.000%, 05/18/20 |
200 | 200 | ||||||
| Description
|
Face Amount
|
Value
|
||||||
| Diageo Investment |
||||||||
| 2.875%, 05/11/22 |
100 | $ | 98 | |||||
| Dollar General |
||||||||
| 4.150%, 11/01/25 |
25 | 25 | ||||||
| 4.125%, 05/01/28 |
35 | 35 | ||||||
| Dollar Tree |
||||||||
| 4.200%, 05/15/28 |
45 | 44 | ||||||
| 4.000%, 05/15/25 |
100 | 98 | ||||||
| DR Horton |
||||||||
| 4.000%, 02/15/20 |
35 | 35 | ||||||
| Expedia Group |
||||||||
| 4.500%, 08/15/24 |
100 | 101 | ||||||
| Ford Motor |
||||||||
| 5.291%, 12/08/46 |
150 | 134 | ||||||
| 4.346%, 12/08/26 |
45 | 42 | ||||||
| Ford Motor Credit |
||||||||
| 5.875%, 08/02/21 |
200 | 209 | ||||||
| 3.339%, 03/28/22 |
200 | 193 | ||||||
| 2.425%, 06/12/20 |
200 | 196 | ||||||
| 2.343%, 11/02/20 |
200 | 195 | ||||||
| General Motors |
||||||||
| 6.750%, 04/01/46 |
250 | 271 | ||||||
| 5.950%, 04/01/49 |
1,020 | 1,013 | ||||||
| 5.200%, 04/01/45 |
150 | 136 | ||||||
| 5.150%, 04/01/38 |
100 | 93 | ||||||
| General Motors Financial |
||||||||
| 4.300%, 07/13/25 |
100 | 97 | ||||||
| 4.000%, 01/15/25 |
100 | 97 | ||||||
| 4.000%, 10/06/26 |
50 | 47 | ||||||
| 3.700%, 05/09/23 |
100 | 98 | ||||||
| 3.550%, 04/09/21 |
150 | 150 | ||||||
| 2.350%, 10/04/19 |
50 | 49 | ||||||
| Grupo Televisa |
||||||||
| 7.250%, 05/14/43 (MXN) |
2,840 | 108 | ||||||
| 5.000%, 05/13/45 |
200 | 187 | ||||||
| Hasbro |
||||||||
| 3.500%, 09/15/27 |
30 | 28 | ||||||
| Home Depot |
||||||||
| 5.875%, 12/16/36 |
150 | 183 | ||||||
| 4.400%, 04/01/21 |
100 | 103 | ||||||
| 4.250%, 04/01/46 |
100 | 102 | ||||||
| 2.800%, 09/14/27 |
50 | 47 | ||||||
| 2.625%, 06/01/22 |
100 | 98 | ||||||
| 2.000%, 04/01/21 |
100 | 97 | ||||||
| 1.800%, 06/05/20 |
71 | 70 | ||||||
| Hyatt Hotels |
||||||||
| 4.375%, 09/15/28 |
50 | 49 | ||||||
| Lear |
||||||||
| 5.250%, 01/15/25 |
45 | 46 | ||||||
| Lowe’s |
||||||||
| 4.625%, 04/15/20 |
100 | 102 | ||||||
| 4.050%, 05/03/47 |
100 | 96 | ||||||
| 3.100%, 05/03/27 |
100 | 95 | ||||||
| 2.500%, 04/15/26 |
50 | 46 | ||||||
| Macy’s Retail Holdings |
||||||||
| 3.625%, 06/01/24 |
100 | 96 | ||||||
| Magna International |
||||||||
| 3.625%, 06/15/24 |
50 | 49 | ||||||
| Marriott International |
||||||||
| 3.125%, 10/15/21 |
100 | 99 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| McDonald’s |
||||||||
| 4.450%, 03/01/47 |
$ | 150 | $ | 147 | ||||
| 3.500%, 03/01/27 |
100 | 97 | ||||||
| 3.375%, 05/26/25 |
100 | 98 | ||||||
| 3.350%, 04/01/23 |
130 | 129 | ||||||
| 2.750%, 12/09/20 |
20 | 20 | ||||||
| Newell Brands |
||||||||
| 5.500%, 04/01/46 |
100 | 95 | ||||||
| 4.000%, 12/01/24 |
50 | 48 | ||||||
| 3.150%, 04/01/21 |
150 | 148 | ||||||
| NIKE |
||||||||
| 2.375%, 11/01/26 |
200 | 181 | ||||||
| Nordstrom |
||||||||
| 5.000%, 01/15/44 |
100 | 92 | ||||||
| 4.000%, 03/15/27 |
30 | 29 | ||||||
| O’Reilly Automotive |
||||||||
| 4.350%, 06/01/28 |
50 | 50 | ||||||
| 3.550%, 03/15/26 |
50 | 48 | ||||||
| President & Fellows of Harvard College |
||||||||
| 3.150%, 07/15/46 |
100 | 89 | ||||||
| QVC |
||||||||
| 4.450%, 02/15/25 |
65 | 62 | ||||||
| Sands China |
||||||||
| 4.600%, 08/08/23 (A) |
200 | 200 | ||||||
| Starbucks |
||||||||
| 4.500%, 11/15/48 |
1,000 | 983 | ||||||
| 3.800%, 08/15/25 |
2,626 | 2,609 | ||||||
| 2.450%, 06/15/26 |
200 | 180 | ||||||
| Target |
||||||||
| 4.000%, 07/01/42 |
200 | 192 | ||||||
| Time Warner Cable |
||||||||
| 7.300%, 07/01/38 |
216 | 247 | ||||||
| 5.875%, 11/15/40 |
500 | 505 | ||||||
| 4.000%, 09/01/21 |
100 | 101 | ||||||
| TJX |
||||||||
| 2.750%, 06/15/21 |
100 | 99 | ||||||
| Toyota Motor Credit |
||||||||
| 4.250%, 01/11/21 |
100 | 103 | ||||||
| 3.450%, 09/20/23 |
2,656 | 2,649 | ||||||
| 2.750%, 05/17/21 |
100 | 99 | ||||||
| 2.700%, 01/11/23 |
200 | 194 | ||||||
| 2.250%, 10/18/23 |
50 | 47 | ||||||
| 1.550%, 10/18/19 |
50 | 49 | ||||||
| USJ Acucar e Alcool |
||||||||
| 9.875%, 11/09/21 (A) |
305 | 242 | ||||||
| Warner Media |
||||||||
| 4.750%, 03/29/21 |
100 | 103 | ||||||
| 3.600%, 07/15/25 |
100 | 96 | ||||||
| Wesleyan University |
||||||||
| 4.781%, 07/01/16 |
698 | 685 | ||||||
| Whirlpool |
||||||||
| 4.000%, 03/01/24 |
60 | 59 | ||||||
|
|
|
|||||||
| 17,738 | ||||||||
|
|
|
|||||||
| Consumer Staples – 1.4% |
| |||||||
| Adecoagro |
||||||||
| 6.000%, 09/21/27 (A) |
980 | 861 | ||||||
| Altria Group |
||||||||
| 5.375%, 01/31/44 |
100 | 108 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Anheuser-Busch InBev Finance |
||||||||
| 4.900%, 02/01/46 |
$ | 100 | $ | 101 | ||||
| 4.700%, 02/01/36 |
150 | 150 | ||||||
| 3.650%, 02/01/26 |
350 | 340 | ||||||
| 3.300%, 02/01/23 |
150 | 149 | ||||||
| 2.650%, 02/01/21 |
215 | 212 | ||||||
| Anheuser-Busch InBev Worldwide |
||||||||
| 4.950%, 01/15/42 |
500 | 510 | ||||||
| 4.600%, 04/15/48 |
35 | 34 | ||||||
| 4.439%, 10/06/48 |
100 | 94 | ||||||
| 4.000%, 04/13/28 |
55 | 54 | ||||||
| 3.750%, 01/15/22 |
150 | 151 | ||||||
| 2.500%, 07/15/22 |
100 | 96 | ||||||
| Archer-Daniels-Midland |
||||||||
| 3.750%, 09/15/47 |
100 | 92 | ||||||
| BAT Capital |
||||||||
| 4.540%, 08/15/47 (A) |
100 | 92 | ||||||
| 4.390%, 08/15/37 (A) |
150 | 140 | ||||||
| 3.557%, 08/15/27 (A) |
100 | 93 | ||||||
| 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 | 108 | ||||||
| 3.000%, 09/25/22 |
30 | 29 | ||||||
| Campbell Soup |
||||||||
| 4.800%, 03/15/48 |
110 | 100 | ||||||
| 4.150%, 03/15/28 |
50 | 48 | ||||||
| 3.650%, 03/15/23 |
50 | 49 | ||||||
| Central American Bottling |
||||||||
| 5.750%, 01/31/27 (A) |
75 | 74 | ||||||
| Church & Dwight |
||||||||
| 2.450%, 08/01/22 |
100 | 96 | ||||||
| CK Hutchison International 17 II |
||||||||
| 2.250%, 09/29/20 (A) |
957 | 935 | ||||||
| Clorox |
||||||||
| 3.500%, 12/15/24 |
50 | 49 | ||||||
| Coca-Cola |
||||||||
| 3.300%, 09/01/21 |
100 | 101 | ||||||
| 2.875%, 10/27/25 |
50 | 48 | ||||||
| 2.550%, 06/01/26 |
50 | 46 | ||||||
| 2.450%, 11/01/20 |
50 | 49 | ||||||
| 1.875%, 10/27/20 |
50 | 49 | ||||||
| Colgate-Palmolive |
||||||||
| 2.300%, 05/03/22 |
200 | 194 | ||||||
| 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 | 145 | ||||||
| 2.650%, 11/07/22 |
50 | 48 | ||||||
| Costco Wholesale |
||||||||
| 1.700%, 12/15/19 |
100 | 99 | ||||||
| General Mills |
||||||||
| 4.700%, 04/17/48 |
983 | 943 | ||||||
| 4.200%, 04/17/28 |
50 | 49 | ||||||
| 3.700%, 10/17/23 |
100 | 100 | ||||||
| 3.150%, 12/15/21 |
150 | 148 | ||||||
| Hershey |
||||||||
| 2.300%, 08/15/26 |
50 | 45 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Ingredion |
||||||||
| 3.200%, 10/01/26 |
$ | 50 | $ | 46 | ||||
| JBS USA LUX |
||||||||
| 6.750%, 02/15/28 (A) |
340 | 338 | ||||||
| JM Smucker |
||||||||
| 2.500%, 03/15/20 |
100 | 99 | ||||||
| Kellogg |
||||||||
| 4.000%, 12/15/20 |
100 | 102 | ||||||
| 3.400%, 11/15/27 |
25 | 23 | ||||||
| Keurig Dr Pepper |
||||||||
| 5.085%, 05/25/48 (A) |
664 | 675 | ||||||
| 4.985%, 05/25/38 (A) |
25 | 25 | ||||||
| 4.597%, 05/25/28 (A) |
50 | 50 | ||||||
| 4.057%, 05/25/23 (A) |
4,797 | 4,806 | ||||||
| Kimberly-Clark |
||||||||
| 2.750%, 02/15/26 |
100 | 94 | ||||||
| Kraft Heinz Foods |
||||||||
| 5.000%, 06/04/42 |
150 | 143 | ||||||
| 4.625%, 01/30/29 |
50 | 50 | ||||||
| 3.950%, 07/15/25 |
150 | 148 | ||||||
| 3.500%, 07/15/22 |
200 | 199 | ||||||
| 3.375%, 06/15/21 |
115 | 114 | ||||||
| Kroger |
||||||||
| 3.300%, 01/15/21 |
100 | 100 | ||||||
| 2.650%, 10/15/26 |
200 | 178 | ||||||
| McCormick |
||||||||
| 3.150%, 08/15/24 |
100 | 96 | ||||||
| Mead Johnson Nutrition |
||||||||
| 3.000%, 11/15/20 |
30 | 30 | ||||||
| Molson Coors Brewing |
||||||||
| 4.200%, 07/15/46 |
200 | 177 | ||||||
| Mondelez International |
||||||||
| 4.625%, 05/07/48 |
100 | 97 | ||||||
| 4.125%, 05/07/28 |
50 | 49 | ||||||
| Nestle Holdings |
||||||||
| 4.000%, 09/24/48 (A) |
1,145 | 1,119 | ||||||
| 3.350%, 09/24/23 (A) |
3,703 | 3,694 | ||||||
| PepsiCo |
||||||||
| 3.600%, 03/01/24 |
100 | 101 | ||||||
| 3.450%, 10/06/46 |
200 | 180 | ||||||
| 3.000%, 10/15/27 |
50 | 48 | ||||||
| 2.850%, 02/24/26 |
100 | 95 | ||||||
| 2.375%, 10/06/26 |
200 | 183 | ||||||
| 2.000%, 04/15/21 |
50 | 49 | ||||||
| Philip Morris International |
||||||||
| 4.500%, 03/26/20 |
100 | 102 | ||||||
| 4.250%, 11/10/44 |
150 | 141 | ||||||
| 3.375%, 08/11/25 |
100 | 98 | ||||||
| 2.500%, 11/02/22 |
100 | 96 | ||||||
| 1.875%, 02/25/21 |
200 | 194 | ||||||
| Procter & Gamble |
||||||||
| 3.500%, 10/25/47 |
100 | 93 | ||||||
| 2.450%, 11/03/26 |
50 | 47 | ||||||
| 2.150%, 08/11/22 |
100 | 96 | ||||||
| 1.900%, 11/01/19 |
100 | 99 | ||||||
| Reynolds American |
||||||||
| 4.450%, 06/12/25 |
150 | 151 | ||||||
| Sysco |
||||||||
| 4.450%, 03/15/48 |
50 | 49 | ||||||
| 3.550%, 03/15/25 |
50 | 49 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.600%, 10/01/20 |
$ | 50 | $ | 49 | ||||
| 2.500%, 07/15/21 |
35 | 34 | ||||||
| Tyson Foods |
||||||||
| 4.875%, 08/15/34 |
200 | 201 | ||||||
| Unilever Capital |
||||||||
| 4.250%, 02/10/21 |
150 | 154 | ||||||
| 3.250%, 03/07/24 |
150 | 148 | ||||||
| 2.200%, 05/05/22 |
100 | 96 | ||||||
| Walgreens Boots Alliance |
||||||||
| 3.450%, 06/01/26 |
165 | 156 | ||||||
| 2.700%, 11/18/19 |
100 | 100 | ||||||
| Walmart |
||||||||
| 4.050%, 06/29/48 |
880 | 881 | ||||||
| 3.950%, 06/28/38 |
115 | 115 | ||||||
| 3.700%, 06/26/28 |
100 | 100 | ||||||
| 3.625%, 12/15/47 |
250 | 234 | ||||||
| 3.400%, 06/26/23 |
50 | 50 | ||||||
| 3.300%, 04/22/24 |
100 | 100 | ||||||
| 2.650%, 12/15/24 |
50 | 48 | ||||||
| 1.900%, 12/15/20 |
300 | 294 | ||||||
|
|
|
|||||||
| 24,133 | ||||||||
|
|
|
|||||||
| Energy – 3.7% |
||||||||
| Abu Dhabi Crude Oil Pipeline |
||||||||
| 4.600%, 11/02/47 (A) |
2,031 | 1,978 | ||||||
| Anadarko Petroleum |
||||||||
| 6.950%, 06/15/19 |
2,744 | 2,817 | ||||||
| 6.600%, 03/15/46 |
200 | 235 | ||||||
| 6.450%, 09/15/36 |
895 | 1,021 | ||||||
| Andeavor |
||||||||
| 4.750%, 12/15/23 |
150 | 155 | ||||||
| 3.800%, 04/01/28 |
30 | 28 | ||||||
| Andeavor Logistics |
||||||||
| 5.200%, 12/01/47 |
150 | 150 | ||||||
| 3.500%, 12/01/22 |
25 | 24 | ||||||
| Apache |
||||||||
| 4.375%, 10/15/28 |
100 | 98 | ||||||
| 3.250%, 04/15/22 |
79 | 78 | ||||||
| Baker Hughes a GE |
||||||||
| 3.337%, 12/15/27 |
100 | 94 | ||||||
| Boardwalk Pipelines |
||||||||
| 4.950%, 12/15/24 |
50 | 51 | ||||||
| BP Capital Markets |
||||||||
| 3.561%, 11/01/21 |
200 | 201 | ||||||
| 3.062%, 03/17/22 |
200 | 198 | ||||||
| 2.500%, 11/06/22 |
250 | 241 | ||||||
| 2.112%, 09/16/21 |
100 | 97 | ||||||
| Buckeye Partners |
||||||||
| 3.950%, 12/01/26 |
200 | 184 | ||||||
| Canadian Natural Resources |
||||||||
| 6.250%, 03/15/38 |
1,630 | 1,924 | ||||||
| 3.900%, 02/01/25 |
150 | 148 | ||||||
| 3.850%, 06/01/27 |
100 | 97 | ||||||
| Cenovus Energy |
||||||||
| 5.700%, 10/15/19 |
25 | 25 | ||||||
| 5.250%, 06/15/37 |
200 | 198 | ||||||
| 4.450%, 09/15/42 |
40 | 35 | ||||||
| 3.000%, 08/15/22 |
20 | 19 | ||||||
| Chevron |
||||||||
| 2.954%, 05/16/26 |
50 | 48 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.566%, 05/16/23 |
$ | 50 | $ | 48 | ||||
| 2.355%, 12/05/22 |
150 | 145 | ||||||
| 2.193%, 11/15/19 |
90 | 89 | ||||||
| 2.100%, 05/16/21 |
50 | 49 | ||||||
| 1.961%, 03/03/20 |
50 | 49 | ||||||
| Cimarex Energy |
||||||||
| 3.900%, 05/15/27 |
100 | 96 | ||||||
| CNOOC Finance 2015 USA |
||||||||
| 3.500%, 05/05/25 |
200 | 192 | ||||||
| Concho Resources |
||||||||
| 4.850%, 08/15/48 |
15 | 15 | ||||||
| 4.375%, 01/15/25 |
50 | 50 | ||||||
| 4.300%, 08/15/28 |
10 | 10 | ||||||
| ConocoPhillips |
||||||||
| 6.500%, 02/01/39 |
300 | 389 | ||||||
| Continental Resources |
||||||||
| 5.000%, 09/15/22 |
44 | 45 | ||||||
| 4.900%, 06/01/44 |
20 | 20 | ||||||
| 4.500%, 04/15/23 |
3,231 | 3,288 | ||||||
| 4.375%, 01/15/28 |
25 | 25 | ||||||
| 3.800%, 06/01/24 |
25 | 24 | ||||||
| Devon Energy |
||||||||
| 4.000%, 07/15/21 |
649 | 655 | ||||||
| 3.250%, 05/15/22 |
100 | 98 | ||||||
| Ecopetrol |
||||||||
| 7.375%, 09/18/43 |
200 | 227 | ||||||
| 5.875%, 09/18/23 |
100 | 107 | ||||||
| Emera US Finance |
||||||||
| 4.750%, 06/15/46 |
200 | 195 | ||||||
| Enbridge |
||||||||
| 3.700%, 07/15/27 |
100 | 97 | ||||||
| Enbridge Energy Partners |
||||||||
| 5.875%, 10/15/25 |
100 | 110 | ||||||
| Encana |
||||||||
| 3.900%, 11/15/21 |
50 | 50 | ||||||
| Energy Transfer |
||||||||
| 6.125%, 12/15/45 |
150 | 160 | ||||||
| 4.500%, 11/01/23 |
100 | 101 | ||||||
| Energy Transfer Equity |
||||||||
| 5.875%, 01/15/24 |
1,869 | 1,967 | ||||||
| Energy Transfer Partners |
||||||||
| 6.000%, 06/15/48 |
1,730 | 1,845 | ||||||
| 5.800%, 06/15/38 |
25 | 26 | ||||||
| 4.200%, 04/15/27 |
200 | 193 | ||||||
| Enterprise Products Operating |
||||||||
| 6.450%, 09/01/40 |
150 | 183 | ||||||
| 5.950%, 02/01/41 |
100 | 116 | ||||||
| 4.250%, 02/15/48 |
25 | 23 | ||||||
| 3.700%, 02/15/26 |
250 | 246 | ||||||
| 3.350%, 03/15/23 |
100 | 99 | ||||||
| 2.850%, 04/15/21 |
30 | 30 | ||||||
| EOG Resources |
||||||||
| 3.150%, 04/01/25 |
100 | 97 | ||||||
| 2.625%, 03/15/23 |
100 | 96 | ||||||
| Equinor |
||||||||
| 3.950%, 05/15/43 |
200 | 195 | ||||||
| 3.700%, 03/01/24 |
100 | 101 | ||||||
| 2.450%, 01/17/23 |
125 | 120 | ||||||
| Equities |
||||||||
| 3.900%, 10/01/27 |
50 | 47 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Equities Midstream Partners |
||||||||
| 6.500%, 07/15/48 |
$ | 100 | $ | 106 | ||||
| Exxon Mobil |
||||||||
| 4.114%, 03/01/46 |
150 | 152 | ||||||
| 3.043%, 03/01/26 |
50 | 49 | ||||||
| 2.726%, 03/01/23 |
35 | 34 | ||||||
| 2.709%, 03/06/25 |
150 | 143 | ||||||
| 2.222%, 03/01/21 |
20 | 20 | ||||||
| Fermaca Enterprises |
||||||||
| 6.375%, 03/30/38 (A) |
651 | 664 | ||||||
| Halliburton |
||||||||
| 5.000%, 11/15/45 |
100 | 107 | ||||||
| 3.800%, 11/15/25 |
150 | 149 | ||||||
| 3.500%, 08/01/23 |
100 | 100 | ||||||
| 3.250%, 11/15/21 |
3,280 | 3,284 | ||||||
| Hess |
||||||||
| 7.300%, 08/15/31 |
546 | 631 | ||||||
| 4.300%, 04/01/27 |
200 | 194 | ||||||
| Hunt Oil of Peru Sucursal Del Peru |
||||||||
| 6.375%, 06/01/28 (A) |
620 | 638 | ||||||
| Husky Energy |
||||||||
| 4.000%, 04/15/24 |
100 | 100 | ||||||
| KazMunayGas National JSC |
||||||||
| 6.375%, 10/24/48 (A) |
560 | 587 | ||||||
| 5.750%, 04/19/47 (A) |
815 | 803 | ||||||
| Kinder Morgan |
||||||||
| 5.550%, 06/01/45 |
300 | 317 | ||||||
| 5.200%, 03/01/48 |
1,310 | 1,341 | ||||||
| 4.300%, 03/01/28 |
100 | 99 | ||||||
| 3.050%, 12/01/19 |
50 | 50 | ||||||
| Kinder Morgan Energy Partners |
||||||||
| 6.375%, 03/01/41 |
150 | 171 | ||||||
| 5.500%, 03/01/44 |
100 | 104 | ||||||
| 5.000%, 03/01/43 |
1,024 | 1,002 | ||||||
| 3.500%, 03/01/21 |
2,343 | 2,350 | ||||||
| Magellan Midstream Partners |
||||||||
| 4.250%, 02/01/21 |
100 | 102 | ||||||
| Marathon Oil |
||||||||
| 6.600%, 10/01/37 |
150 | 177 | ||||||
| Marathon Petroleum |
||||||||
| 3.400%, 12/15/20 |
657 | 657 | ||||||
| MPLX |
||||||||
| 5.200%, 03/01/47 |
200 | 200 | ||||||
| 4.125%, 03/01/27 |
65 | 63 | ||||||
| 4.000%, 02/15/25 |
25 | 25 | ||||||
| National Oilwell Varco |
||||||||
| 2.600%, 12/01/22 |
100 | 95 | ||||||
| Newfield Exploration |
||||||||
| 5.750%, 01/30/22 |
345 | 361 | ||||||
| Nexen Energy ULC |
||||||||
| 6.400%, 05/15/37 |
150 | 181 | ||||||
| Noble Energy |
||||||||
| 6.000%, 03/01/41 |
774 | 828 | ||||||
| 4.950%, 08/15/47 |
531 | 509 | ||||||
| 4.150%, 12/15/21 |
100 | 101 | ||||||
| Nostrum Oil & Gas Finance BV |
||||||||
| 7.000%, 02/16/25 (A) |
260 | 229 | ||||||
| Occidental Petroleum |
||||||||
| 4.400%, 04/15/46 |
200 | 204 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value
|
||||||
| 3.400%, 04/15/26 |
$ | 70 | $ | 68 | ||||
| Odebrecht Drilling Norbe VIII |
||||||||
| 7.350% cash/0% PIK, 12/01/26 (A) |
165 | 97 | ||||||
| Odebrecht Oil & Gas Finance |
||||||||
| 0.515%, 01/03/66 (A) (B) |
97 | 1 | ||||||
| ONEOK |
||||||||
| 5.200%, 07/15/48 |
25 | 26 | ||||||
| 4.550%, 07/15/28 |
50 | 50 | ||||||
| 4.000%, 07/13/27 |
30 | 29 | ||||||
| ONEOK Partners |
||||||||
| 3.375%, 10/01/22 |
100 | 98 | ||||||
| Peru LNG Srl |
||||||||
| 5.375%, 03/22/30 (A) |
670 | 668 | ||||||
| Petroleos de Venezuela |
||||||||
| 9.000%, 11/17/21 (C) |
660 | 152 | ||||||
| 8.500%, 10/27/20 (A) |
184 | 155 | ||||||
| 6.000%, 11/15/26 (A) (C) |
385 | 83 | ||||||
| 5.375%, 04/12/27 (C) |
365 | 79 | ||||||
| Petroleos Mexicanos |
||||||||
| 6.875%, 08/04/26 |
50 | 53 | ||||||
| 6.750%, 09/21/47 |
2,178 | 2,078 | ||||||
| 6.625%, 06/15/35 |
410 | 407 | ||||||
| 6.500%, 03/13/27 |
1,700 | 1,737 | ||||||
| 6.500%, 06/02/41 |
350 | 328 | ||||||
| 6.375%, 02/04/21 |
50 | 53 | ||||||
| 6.375%, 01/23/45 |
190 | 176 | ||||||
| 6.350%, 02/12/48 (A) |
932 | 854 | ||||||
| 5.500%, 01/21/21 |
4,302 | 4,439 | ||||||
| 5.350%, 02/12/28 (A) |
255 | 240 | ||||||
| 4.875%, 01/24/22 |
720 | 728 | ||||||
| 4.625%, 09/21/23 |
200 | 198 | ||||||
| 3.500%, 07/23/20 |
100 | 99 | ||||||
| 3.500%, 01/30/23 |
455 | 432 | ||||||
| Phillips 66 |
||||||||
| 4.650%, 11/15/34 |
300 | 304 | ||||||
| Phillips 66 Partners |
||||||||
| 3.605%, 02/15/25 |
25 | 24 | ||||||
| Pioneer Natural Resources |
||||||||
| 3.450%, 01/15/21 |
100 | 100 | ||||||
| Plains All American Pipeline |
||||||||
| 4.900%, 02/15/45 |
965 | 895 | ||||||
| 4.650%, 10/15/25 |
150 | 152 | ||||||
| 3.850%, 10/15/23 |
150 | 148 | ||||||
| Sabine Pass Liquefaction |
||||||||
| 5.625%, 02/01/21 |
140 | 145 | ||||||
| 5.625%, 03/01/25 |
85 | 91 | ||||||
| Shell International Finance |
||||||||
| 4.550%, 08/12/43 |
400 | 420 | ||||||
| 3.250%, 05/11/25 |
150 | 147 | ||||||
| 2.875%, 05/10/26 |
100 | 95 | ||||||
| 1.875%, 05/10/21 |
200 | 194 | ||||||
| Sinopec Group Overseas Development |
||||||||
| 3.500%, 05/03/26 (A) |
580 | 549 | ||||||
| Southern Gas Corridor CJSC |
||||||||
| 6.875%, 03/24/26 (A) |
640 | 711 | ||||||
| Spectra Energy Partners |
||||||||
| 3.500%, 03/15/25 |
100 | 96 | ||||||
| Description
|
Face Amount
|
Value
|
||||||
| Stoneway Capital |
||||||||
| 10.000%, 03/01/27 (A) |
330 | $ | 320 | |||||
| Suncor Energy |
||||||||
| 6.500%, 06/15/38 |
150 | 185 | ||||||
| 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 | 97 | ||||||
| TransCanada PipeLines |
||||||||
| 4.875%, 01/15/26 |
100 | 105 | ||||||
| 4.625%, 03/01/34 |
300 | 301 | ||||||
| Transcontinental Gas Pipe Line |
||||||||
| 4.000%, 03/15/28 |
200 | 195 | ||||||
| Transportadora de Gas del Sur |
||||||||
| 6.750%, 05/02/25 (A) |
220 | 211 | ||||||
| Valero Energy |
||||||||
| 7.500%, 04/15/32 |
227 | 289 | ||||||
| 4.350%, 06/01/28 |
1,193 | 1,202 | ||||||
| 3.650%, 03/15/25 |
100 | 98 | ||||||
| Western Gas Partners |
||||||||
| 5.375%, 06/01/21 |
460 | 475 | ||||||
| 5.300%, 03/01/48 |
902 | 827 | ||||||
| 4.000%, 07/01/22 |
534 | 532 | ||||||
| 3.950%, 06/01/25 |
819 | 781 | ||||||
| Williams |
||||||||
| 8.750%, 03/15/32 |
1,358 | 1,809 | ||||||
| 6.300%, 04/15/40 |
464 | 525 | ||||||
| 5.750%, 06/24/44 |
20 | 21 | ||||||
| 5.250%, 03/15/20 |
250 | 257 | ||||||
| 4.850%, 03/01/48 |
25 | 24 | ||||||
| 4.550%, 06/24/24 |
989 | 1,005 | ||||||
| 3.700%, 01/15/23 |
15 | 15 | ||||||
| 3.600%, 03/15/22 |
100 | 99 | ||||||
| YPF |
||||||||
| 16.500%, 05/09/22 (ARS) (A) |
6,000 | 94 | ||||||
|
|
|
|||||||
| 65,854 | ||||||||
|
|
|
|||||||
| Financials – 7.1% |
||||||||
| ABN AMRO Bank |
||||||||
| 3.400%, 08/27/21 (A) |
1,977 | 1,969 | ||||||
| Aflac |
||||||||
| 3.625%, 06/15/23 |
100 | 100 | ||||||
| AIG Global Funding |
||||||||
| 1.950%, 10/18/19 (A) |
1,400 | 1,387 | ||||||
| Allstate |
||||||||
| 4.200%, 12/15/46 |
200 | 194 | ||||||
| American Express |
||||||||
| 3.700%, 08/03/23 |
4,517 | 4,494 | ||||||
| 3.400%, 02/27/23 |
150 | 148 | ||||||
| 2.500%, 08/01/22 |
100 | 96 | ||||||
| American Express Credit |
||||||||
| 2.700%, 03/03/22 |
100 | 97 | ||||||
| 2.375%, 05/26/20 |
100 | 99 | ||||||
| 2.250%, 05/05/21 |
100 | 98 | ||||||
| 2.200%, 03/03/20 |
100 | 99 | ||||||
| American Financial Group |
||||||||
| 3.500%, 08/15/26 |
35 | 33 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| American International Group |
||||||||
| 4.750%, 04/01/48 |
150 | $ | 147 | |||||
| 4.700%, 07/10/35 |
200 | 200 | ||||||
| 4.500%, 07/16/44 |
1,639 | 1,547 | ||||||
| 3.875%, 01/15/35 |
200 | 182 | ||||||
| Ameriprise Financial |
||||||||
| 5.300%, 03/15/20 |
100 | 103 | ||||||
| Aon |
||||||||
| 5.000%, 09/30/20 |
100 | 103 | ||||||
| Ares Capital |
||||||||
| 3.875%, 01/15/20 |
60 | 60 | ||||||
| Assurant |
||||||||
| 4.000%, 03/15/23 |
74 | 73 | ||||||
| Australia & New Zealand Banking Group NY |
||||||||
| 2.625%, 05/19/22 |
250 | 242 | ||||||
| AXA Equitable Holdings |
||||||||
| 4.350%, 04/20/28 (A) |
150 | 145 | ||||||
| Banco del Estado de Chile |
||||||||
| 2.668%, 01/08/21 (A) |
2,317 | 2,262 | ||||||
| Banco Nacional de Costa Rica |
||||||||
| 5.875%, 04/25/21 (A) |
460 | 457 | ||||||
| 4.875%, 11/01/18 (A) |
550 | 546 | ||||||
| Banco Santander |
||||||||
| 3.125%, 02/23/23 |
200 | 190 | ||||||
| Bank of America |
||||||||
| 5.000%, 01/21/44 |
250 | 266 | ||||||
| 4.450%, 03/03/26 |
130 | 130 | ||||||
| 4.271%, VAR ICE LIBOR USD 3 Month+1.310%, 07/23/29 |
200 | 200 | ||||||
| 4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/38 |
100 | 98 | ||||||
| 4.200%, 08/26/24 |
165 | 166 | ||||||
| 4.183%, 11/25/27 |
250 | 244 | ||||||
| 4.100%, 07/24/23 |
100 | 102 | ||||||
| 4.000%, 01/22/25 |
5,287 | 5,218 | ||||||
| 3.950%, 04/21/25 |
200 | 196 | ||||||
| 3.946%, VAR ICE LIBOR USD 3 Month+1.190%, 01/23/49 |
100 | 92 | ||||||
| 3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/24 |
250 | 247 | ||||||
| 3.500%, 04/19/26 |
50 | 48 | ||||||
| 3.499%, VAR ICE LIBOR USD 3 Month+0.630%, 05/17/22 |
2,983 | 2,981 | ||||||
| 3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/28 |
112 | 105 | ||||||
| 3.366%, VAR ICE LIBOR USD 3 Month+0.810%, 01/23/26 |
200 | 192 | ||||||
| 3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/25 |
100 | 95 | ||||||
| 2.881%, VAR ICE LIBOR USD 3 Month+1.021%, 04/24/23 |
200 | 194 | ||||||
| 2.503%, 10/21/22 |
100 | 96 | ||||||
| 2.250%, 04/21/20 |
250 | 247 | ||||||
| 2.151%, 11/09/20 |
100 | 98 | ||||||
| Bank of Georgia JSC |
||||||||
| 11.000%, 06/01/20 (GEL) (A) |
870 | 334 | ||||||
| 6.000%, 07/26/23 (A) |
550 | 536 | ||||||
| Bank of Montreal |
||||||||
| 3.100%, 07/13/20 |
50 | 50 | ||||||
| 3.100%, 04/13/21 |
60 | 60 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.100%, 12/12/19 |
$ | 65 | $ | 65 | ||||
| 2.100%, 06/15/20 |
100 | 98 | ||||||
| Bank of New York Mellon |
||||||||
| 3.550%, 09/23/21 |
100 | 101 | ||||||
| 3.450%, 08/11/23 |
50 | 50 | ||||||
| 3.400%, 01/29/28 |
50 | 48 | ||||||
| 3.300%, 08/23/29 |
100 | 94 | ||||||
| 3.000%, 02/24/25 |
100 | 96 | ||||||
| 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 | 45 | ||||||
| Bank of Nova Scotia |
||||||||
| 3.125%, 04/20/21 |
150 | 149 | ||||||
| 2.800%, 07/21/21 |
100 | 98 | ||||||
| 2.500%, 01/08/21 |
4,066 | 3,995 | ||||||
| 2.450%, 03/22/21 |
50 | 49 | ||||||
| 2.150%, 07/14/20 |
200 | 197 | ||||||
| Barclays |
||||||||
| 4.375%, 01/12/26 |
200 | 194 | ||||||
| 4.338%, VAR ICE LIBOR USD 3 Month+1.356%, 05/16/24 |
2,351 | 2,323 | ||||||
| 2.875%, 06/08/20 |
250 | 247 | ||||||
| Barclays Bank |
||||||||
| 2.650%, 01/11/21 |
200 | 196 | ||||||
| BB&T |
||||||||
| 3.700%, 06/05/25 |
50 | 50 | ||||||
| 3.200%, 09/03/21 |
864 | 859 | ||||||
| 2.750%, 04/01/22 |
200 | 196 | ||||||
| 2.450%, 01/15/20 |
100 | 99 | ||||||
| Berkshire Hathaway |
||||||||
| 3.125%, 03/15/26 |
200 | 193 | ||||||
| Berkshire Hathaway Finance |
||||||||
| 4.300%, 05/15/43 |
200 | 202 | ||||||
| 4.200%, 08/15/48 |
1,387 | 1,378 | ||||||
| BlackRock |
||||||||
| 5.000%, 12/10/19 |
100 | 103 | ||||||
| BNP Paribas |
||||||||
| 2.375%, 05/21/20 |
200 | 197 | ||||||
| Brighthouse Financial |
||||||||
| 3.700%, 06/22/27 |
50 | 44 | ||||||
| Brookfield Finance |
||||||||
| 3.900%, 01/25/28 |
100 | 95 | ||||||
| Canadian Imperial Bank of Commerce |
||||||||
| 2.700%, 02/02/21 |
40 | 39 | ||||||
| Capital One Financial |
||||||||
| 4.250%, 04/30/25 |
50 | 50 | ||||||
| 3.800%, 01/31/28 |
100 | 94 | ||||||
| 3.750%, 07/28/26 |
100 | 93 | ||||||
| 3.450%, 04/30/21 |
50 | 50 | ||||||
| 3.300%, 10/30/24 |
100 | 95 | ||||||
| 3.200%, 02/05/25 |
50 | 47 | ||||||
| 3.050%, 03/09/22 |
150 | 147 | ||||||
| CBRE Services |
||||||||
| 4.875%, 03/01/26 |
150 | 153 | ||||||
| Charles Schwab |
||||||||
| 4.450%, 07/22/20 |
100 | 102 | ||||||
| Chubb INA Holdings |
||||||||
| 3.350%, 05/15/24 |
100 | 98 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value
|
||||||
| 3.350%, 05/03/26 |
150 | $ | 146 | |||||
| 2.875%, 11/03/22 |
150 | 147 | ||||||
| Citibank |
||||||||
| 2.125%, 10/20/20 |
2,647 | 2,585 | ||||||
| Citigroup |
||||||||
| 8.125%, 07/15/39 |
250 | 361 | ||||||
| 4.650%, 07/23/48 |
1,081 | 1,093 | ||||||
| 4.450%, 09/29/27 |
2,203 | 2,178 | ||||||
| 4.281%, VAR ICE LIBOR USD 3 Month+1.839%, 04/24/48 |
100 | 96 | ||||||
| 4.125%, 07/25/28 |
85 | 82 | ||||||
| 4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/29 |
150 | 147 | ||||||
| 4.044%, VAR ICE LIBOR USD 3 Month+1.023%, 06/01/24 |
50 | 50 | ||||||
| 3.887%, VAR ICE LIBOR USD 3 Month+1.563%, 01/10/28 |
200 | 194 | ||||||
| 3.750%, 06/16/24 |
100 | 99 | ||||||
| 3.668%, VAR ICE LIBOR USD 3 Month+1.390%, 07/24/28 |
100 | 95 | ||||||
| 3.520%, VAR ICE LIBOR USD 3 Month+1.151%, 10/27/28 |
200 | 188 | ||||||
| 3.500%, 05/15/23 |
100 | 98 | ||||||
| 3.300%, 04/27/25 |
100 | 96 | ||||||
| 3.142%, VAR ICE LIBOR USD 3 Month+0.722%, 01/24/23 |
185 | 182 | ||||||
| 2.900%, 12/08/21 |
100 | 98 | ||||||
| 2.876%, VAR ICE LIBOR USD 3 Month+0.950%, 07/24/23 |
3,438 | 3,324 | ||||||
| 2.750%, 04/25/22 |
100 | 97 | ||||||
| 2.650%, 10/26/20 |
100 | 99 | ||||||
| 2.400%, 02/18/20 |
100 | 99 | ||||||
| Citigroup Global Markets Holdings |
||||||||
| 24.750%, 03/03/21 |
1,060 | 235 | ||||||
| 16.857%, 12/13/18 |
8,000 | 431 | ||||||
| 16.628%, 01/24/19 |
13,600 | 716 | ||||||
| 16.509%, 11/08/18 |
32,200 | 1,735 | ||||||
| 14.847%, 10/22/18 |
331,080 | 904 | ||||||
| 12.026%, 12/03/18 |
162,000 | 436 | ||||||
| 11.888%, 02/18/19 |
175,000 | 458 | ||||||
| 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 | 145 | ||||||
| CNA Financial |
||||||||
| 5.875%, 08/15/20 |
100 | 104 | ||||||
| Comerica |
||||||||
| 3.700%, 07/31/23 |
25 | 25 | ||||||
| Compass Bank |
||||||||
| 3.500%, 06/11/21 |
250 | 249 | ||||||
| Cooperatieve Rabobank UA |
||||||||
| 4.625%, 12/01/23 |
1,085 | 1,102 | ||||||
| 3.375%, 05/21/25 |
250 | 244 | ||||||
| 2.750%, 01/10/23 |
250 | 240 | ||||||
| 2.250%, 01/14/20 |
250 | 248 | ||||||
| Description
|
Face Amount
|
Value
|
||||||
| Credit Agricole |
||||||||
| 3.250%, 10/04/24 (A) |
3,170 | $ | 2,971 | |||||
| Credit Suisse Group Funding Guernsey |
||||||||
| 4.875%, 05/15/45 |
250 | 253 | ||||||
| 3.125%, 12/10/20 |
250 | 248 | ||||||
| Credit Suisse New York |
||||||||
| 3.625%, 09/09/24 |
250 | 246 | ||||||
| Deutsche Bank NY |
||||||||
| 3.950%, 02/27/23 |
200 | 194 | ||||||
| 3.700%, 05/30/24 |
85 | 80 | ||||||
| 3.150%, 01/22/21 |
100 | 98 | ||||||
| 2.950%, 08/20/20 |
100 | 98 | ||||||
| 2.700%, 07/13/20 |
150 | 147 | ||||||
| Development Bank of Kazakhstan JSC |
||||||||
| 8.950%, 05/04/23 (KZT) (A) |
290,000 | 782 | ||||||
| Discover Bank |
||||||||
| 3.100%, 06/04/20 |
250 | 248 | ||||||
| Discover Financial Services |
||||||||
| 4.100%, 02/09/27 |
40 | 38 | ||||||
| E*TRADE Financial |
||||||||
| 4.500%, 06/20/28 |
50 | 50 | ||||||
| Fibria Overseas Finance |
||||||||
| 5.500%, 01/17/27 |
25 | 25 | ||||||
| Fidelity National Financial |
||||||||
| 4.500%, 08/15/28 (A) |
50 | 49 | ||||||
| Fifth Third Bancorp |
||||||||
| 2.875%, 07/27/20 |
250 | 248 | ||||||
| Fifth Third Bank |
||||||||
| 3.950%, 07/28/25 |
200 | 200 | ||||||
| First Republic Bank |
||||||||
| 4.625%, 02/13/47 |
200 | 193 | ||||||
| FMS Wertmanagement |
||||||||
| 1.375%, 06/08/21 |
200 | 192 | ||||||
| FS Investment |
||||||||
| 4.250%, 01/15/20 |
30 | 30 | ||||||
| Goldman Sachs Bank USA NY |
||||||||
| 3.200%, 06/05/20 |
50 | 50 | ||||||
| Goldman Sachs Group |
||||||||
| 6.750%, 10/01/37 |
200 | 241 | ||||||
| 5.150%, 05/22/45 |
350 | 357 | ||||||
| 4.411%, VAR ICE LIBOR USD 3 Month+1.430%, 04/23/39 |
1,772 | 1,718 | ||||||
| 4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/29 |
1,997 | 1,968 | ||||||
| 4.017%, VAR ICE LIBOR USD 3 Month+1.373%, 10/31/38 |
150 | 139 | ||||||
| 3.750%, 05/22/25 |
100 | 98 | ||||||
| 3.750%, 02/25/26 |
250 | 243 | ||||||
| 3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/28 |
165 | 157 | ||||||
| 3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/25 |
75 | 72 | ||||||
| 3.200%, 02/23/23 |
150 | 147 | ||||||
| 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 | 97 | ||||||
| 2.750%, 09/15/20 |
75 | 74 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.625%, 04/25/21 |
$ | 100 | $ | 98 | ||||
| 2.600%, 04/23/20 |
1,325 | 1,312 | ||||||
| 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 | 649 | ||||||
| 4.400%, 03/15/48 |
100 | 96 | ||||||
| HSBC Holdings |
||||||||
| 6.500%, 09/15/37 |
250 | 296 | ||||||
| 5.250%, 03/14/44 |
200 | 209 | ||||||
| 4.583%, VAR ICE LIBOR USD 3 Month+1.535%, 06/19/29 |
200 | 200 | ||||||
| 4.250%, 08/18/25 |
200 | 196 | ||||||
| 4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/28 |
200 | 193 | ||||||
| 4.000%, 03/30/22 |
100 | 101 | ||||||
| 3.950%, VAR ICE LIBOR USD 3 Month+0.987%, 05/18/24 |
2,156 | 2,142 | ||||||
| 3.600%, 05/25/23 |
200 | 198 | ||||||
| 2.950%, 05/25/21 |
200 | 197 | ||||||
| Huntington National Bank |
||||||||
| 3.550%, 10/06/23 |
1,133 | 1,120 | ||||||
| 2.500%, 08/07/22 |
250 | 240 | ||||||
| Industrial & Commercial Bank of China NY |
||||||||
| 2.905%, 11/13/20 |
250 | 245 | ||||||
| ING Groep |
||||||||
| 4.550%, 10/02/28 |
1,885 | 1,876 | ||||||
| 4.100%, 10/02/23 |
2,403 | 2,405 | ||||||
| Intercontinental Exchange |
||||||||
| 4.000%, 10/15/23 |
150 | 153 | ||||||
| Jefferies Group |
||||||||
| 6.875%, 04/15/21 |
100 | 107 | ||||||
| 4.150%, 01/23/30 |
150 | 135 | ||||||
| JPMorgan Chase |
||||||||
| 5.600%, 07/15/41 |
250 | 289 | ||||||
| 4.350%, 08/15/21 |
250 | 256 | ||||||
| 4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/29 |
100 | 100 | ||||||
| 4.005%, VAR ICE LIBOR USD 3 Month+1.120%, 04/23/29 |
150 | 147 | ||||||
| 3.964%, VAR ICE LIBOR USD 3 Month+1.380%, 11/15/48 |
1,685 | 1,539 | ||||||
| 3.897%, VAR ICE LIBOR USD 3 Month+1.220%, 01/23/49 |
150 | 135 | ||||||
| 3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/38 |
150 | 140 | ||||||
| 3.797%, VAR ICE LIBOR USD 3 Month+0.890%, 07/23/24 |
100 | 100 | ||||||
| 3.625%, 05/13/24 |
100 | 99 | ||||||
| 3.559%, VAR ICE LIBOR USD 3 Month+0.730%, 04/23/24 |
75 | 74 | ||||||
| 3.540%, VAR ICE LIBOR USD 3 Month+1.380%, 05/01/28 |
200 | 191 | ||||||
| 3.300%, 04/01/26 |
100 | 96 | ||||||
| 3.220%, VAR ICE LIBOR USD 3 Month+1.155%, 03/01/25 |
160 | 155 | ||||||
| 3.200%, 06/15/26 |
100 | 95 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.125%, 01/23/25 |
150 | $ | 144 | |||||
| 2.972%, 01/15/23 |
400 | 390 | ||||||
| 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 | 96 | ||||||
| 2.550%, 10/29/20 |
180 | 177 | ||||||
| 2.400%, 06/07/21 |
50 | 49 | ||||||
| JPMorgan Chase Bank |
||||||||
| 8.375%, 03/17/34 (IDR) (A)(E) |
3,000,000 | 197 | ||||||
| 5.625%, 05/17/23 (IDR) (A) |
16,000,000 | 981 | ||||||
| 3.086%, VAR ICE LIBOR USD 3 Month+0.350%, 04/26/21 |
1,201 | 1,198 | ||||||
| KeyBank |
||||||||
| 2.400%, 06/09/22 |
250 | 240 | ||||||
| KeyCorp |
||||||||
| 5.100%, 03/24/21 |
150 | 156 | ||||||
| KFW |
||||||||
| 2.500%, 11/20/24 |
650 | 627 | ||||||
| 1.875%, 06/30/20 |
200 | 196 | ||||||
| 1.875%, 11/30/20 |
200 | 196 | ||||||
| Kreditanstalt fuer Wiederaufbau |
||||||||
| 2.875%, 04/03/28 |
90 | 88 | ||||||
| 2.750%, 07/15/20 |
200 | 200 | ||||||
| 2.625%, 04/12/21 |
100 | 99 | ||||||
| 2.375%, 12/29/22 |
280 | 272 | ||||||
| Landwirtschaftliche Rentenbank |
||||||||
| 2.500%, 11/15/27 |
150 | 141 | ||||||
| Lazard Group |
||||||||
| 3.750%, 02/13/25 |
50 | 48 | ||||||
| Lima Metro Line 2 Finance |
||||||||
| 5.875%, 07/05/34 (A) |
790 | 819 | ||||||
| Lincoln National |
||||||||
| 3.625%, 12/12/26 |
100 | 96 | ||||||
| Lloyds Banking Group |
||||||||
| 4.582%, 12/10/25 |
200 | 196 | ||||||
| 4.450%, 05/08/25 |
200 | 200 | ||||||
| 2.907%, VAR ICE LIBOR USD 3 Month+0.810%, 11/07/23 |
200 | 191 | ||||||
| Loews |
||||||||
| 2.625%, 05/15/23 |
100 | 96 | ||||||
| Manufacturers & Traders Trust |
||||||||
| 2.625%, 01/25/21 |
250 | 246 | ||||||
| Markel |
||||||||
| 3.500%, 11/01/27 |
50 | 47 | ||||||
| Marsh & McLennan |
||||||||
| 3.750%, 03/14/26 |
150 | 148 | ||||||
| 2.750%, 01/30/22 |
30 | 29 | ||||||
| MetLife |
||||||||
| 6.400%, 12/15/36 |
1,560 | 1,654 | ||||||
| 3.600%, 04/10/24 |
100 | 100 | ||||||
| 3.600%, 11/13/25 |
50 | 50 | ||||||
| Mitsubishi UFJ Financial Group |
||||||||
| 3.961%, 03/02/28 |
225 | 221 | ||||||
| 3.850%, 03/01/26 |
200 | 197 | ||||||
| 3.535%, 07/26/21 |
30 | 30 | ||||||
| 3.287%, 07/25/27 |
50 | 47 | ||||||
| 2.665%, 07/25/22 |
50 | 48 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value
|
||||||
| Mizuho Financial Group |
||||||||
| 3.922%, VAR ICE LIBOR USD 3 Month+1.000%, 09/11/24 |
$ | 200 | $ | 199 | ||||
| 2.601%, 09/11/22 |
200 | 191 | ||||||
| Morgan Stanley |
||||||||
| 6.375%, 07/24/42 |
200 | 249 | ||||||
| 4.875%, 11/01/22 |
100 | 104 | ||||||
| 3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/38 |
640 | 598 | ||||||
| 3.875%, 01/27/26 |
200 | 197 | ||||||
| 3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/29 |
200 | 192 | ||||||
| 3.737%, VAR ICE LIBOR USD 3 Month+0.847%, 04/24/24 |
90 | 89 | ||||||
| 3.591%, VAR ICE LIBOR USD 3 Month+1.340%, 07/22/28 |
150 | 142 | ||||||
| 3.125%, 01/23/23 |
150 | 146 | ||||||
| 3.125%, 07/27/26 |
250 | 233 | ||||||
| 2.800%, 06/16/20 |
100 | 99 | ||||||
| 2.650%, 01/27/20 |
100 | 100 | ||||||
| 2.500%, 04/21/21 |
250 | 244 | ||||||
| MUFG Americas Holdings |
||||||||
| 3.000%, 02/10/25 |
200 | 190 | ||||||
| Nasdaq |
||||||||
| 3.850%, 06/30/26 |
150 | 145 | ||||||
| National Australia Bank |
||||||||
| 2.625%, 01/14/21 |
250 | 246 | ||||||
| National Rural Utilities Cooperative Finance |
||||||||
| 3.400%, 02/07/28 |
200 | 194 | ||||||
| 2.700%, 02/15/23 |
100 | 97 | ||||||
| New York Life Global Funding |
||||||||
| 3.250%, 08/06/21 (A) |
1,872 | 1,870 | ||||||
| Northern Trust |
||||||||
| 3.650%, 08/03/28 |
25 | 25 | ||||||
| 3.375%, VAR ICE LIBOR USD 3 Month+1.131%, 05/08/32 |
63 | 58 | ||||||
| Oesterreichische Kontrollbank |
||||||||
| 2.875%, 03/13/23 |
50 | 50 | ||||||
| 1.875%, 01/20/21 |
150 | 146 | ||||||
| ORIX |
||||||||
| 2.900%, 07/18/22 |
30 | 29 | ||||||
| PNC Bank |
||||||||
| 2.500%, 01/22/21 |
250 | 245 | ||||||
| 2.450%, 07/28/22 |
250 | 241 | ||||||
| 2.400%, 10/18/19 |
250 | 249 | ||||||
| Principal Financial Group |
||||||||
| 3.400%, 05/15/25 |
100 | 97 | ||||||
| Private Export Funding |
||||||||
| 2.250%, 03/15/20 |
200 | 198 | ||||||
| Progressive |
||||||||
| 4.125%, 04/15/47 |
100 | 97 | ||||||
| Prudential Financial |
||||||||
| 4.600%, 05/15/44 |
200 | 201 | ||||||
| 3.500%, 05/15/24 |
200 | 200 | ||||||
| Regions Financial |
||||||||
| 3.200%, 02/08/21 |
50 | 50 | ||||||
| 2.750%, 08/14/22 |
50 | 48 | ||||||
| Royal Bank of Canada |
||||||||
| 3.200%, 04/30/21 |
75 | 75 | ||||||
| Description
|
Face Amount
|
Value
|
||||||
| 2.750%, 02/01/22 |
250 | $ | 245 | |||||
| 1.875%, 02/05/20 |
250 | 246 | ||||||
| Royal Bank of Scotland Group |
||||||||
| 6.125%, 12/15/22 |
70 | 73 | ||||||
| 6.100%, 06/10/23 |
30 | 31 | ||||||
| 6.000%, 12/19/23 |
60 | 63 | ||||||
| 5.125%, 05/28/24 |
65 | 65 | ||||||
| 3.498%, VAR ICE LIBOR USD 3 Month+1.480%, 05/15/23 |
200 | 194 | ||||||
| S&P Global |
||||||||
| 4.000%, 06/15/25 |
100 | 100 | ||||||
| Santander Holdings USA |
||||||||
| 4.400%, 07/13/27 |
25 | 24 | ||||||
| 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 | 192 | ||||||
| 3.125%, 01/08/21 |
100 | 99 | ||||||
| Standard Chartered Bank |
||||||||
| 11.000%, 08/05/25 (LKR) (A)(E) |
49,000 | 291 | ||||||
| 10.750%, 03/03/21 (LKR) (A)(E) |
75,000 | 445 | ||||||
| 8.250%, 05/19/36 (IDR) (A)(E) |
13,160,000 | 860 | ||||||
| 7.610%, 05/13/30 (INR) (A) (D)(E) |
24,000 | 317 | ||||||
| Sumitomo Mitsui Banking |
||||||||
| 2.514%, 01/17/20 |
1,123 | 1,114 | ||||||
| Sumitomo Mitsui Financial Group |
||||||||
| 3.944%, 07/19/28 |
100 | 98 | ||||||
| 3.784%, 03/09/26 |
50 | 49 | ||||||
| 3.748%, 07/19/23 |
100 | 100 | ||||||
| 3.544%, 01/17/28 |
50 | 48 | ||||||
| 3.446%, 01/11/27 |
50 | 48 | ||||||
| 3.364%, 07/12/27 |
100 | 94 | ||||||
| 3.102%, 01/17/23 |
50 | 49 | ||||||
| 2.934%, 03/09/21 |
250 | 247 | ||||||
| 2.846%, 01/11/22 |
50 | 49 | ||||||
| 2.784%, 07/12/22 |
50 | 48 | ||||||
| 2.778%, 10/18/22 |
50 | 48 | ||||||
| SunTrust Bank |
||||||||
| 3.689%, VAR ICE LIBOR USD 3 Month+0.735%, 08/02/24 |
150 | 149 | ||||||
| 2.900%, 03/03/21 |
50 | 49 | ||||||
| 2.700%, 01/27/22 |
150 | 146 | ||||||
| Svenska Handelsbanken |
||||||||
| 1.950%, 09/08/20 |
250 | 244 | ||||||
| Synchrony Financial |
||||||||
| 4.500%, 07/23/25 |
100 | 96 | ||||||
| Syngenta Finance |
||||||||
| 4.892%, 04/24/25 (A) |
1,011 | 992 | ||||||
| 4.441%, 04/24/23 (A) |
686 | 682 | ||||||
| TC Ziraat Bankasi |
||||||||
| 5.125%, 05/03/22 (A) |
200 | 175 | ||||||
| TD Ameritrade Holding |
||||||||
| 3.300%, 04/01/27 |
30 | 29 | ||||||
| Toronto-Dominion Bank |
||||||||
| 3.250%, 06/11/21 |
1,139 | 1,139 | ||||||
| 2.500%, 12/14/20 |
150 | 148 | ||||||
| 2.125%, 04/07/21 |
50 | 48 | ||||||
| 1.950%, 04/02/20 (A) |
473 | 465 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 1.900%, 10/24/19 |
$ | 100 | $ | 99 | ||||
| 1.800%, 07/13/21 |
100 | 96 | ||||||
| Travelers |
||||||||
| 4.050%, 03/07/48 |
100 | 97 | ||||||
| 3.900%, 11/01/20 |
100 | 101 | ||||||
| UBS |
||||||||
| 2.450%, 12/01/20 (A) |
1,457 | 1,427 | ||||||
| 2.350%, 03/26/20 |
250 | 247 | ||||||
| Unum Group |
||||||||
| 4.000%, 03/15/24 |
50 | 49 | ||||||
| US Bancorp |
||||||||
| 3.150%, 04/27/27 |
200 | 191 | ||||||
| 2.375%, 07/22/26 |
250 | 226 | ||||||
| US Bank |
||||||||
| 3.104%, VAR ICE LIBOR USD 3 Month+0.290%, 05/21/21 |
1,794 | 1,789 | ||||||
| Voya Financial |
||||||||
| 3.125%, 07/15/24 |
50 | 47 | ||||||
| WEA Finance |
||||||||
| 4.625%, 09/20/48 (A) |
1,147 | 1,125 | ||||||
| 4.125%, 09/20/28 (A) |
956 | 947 | ||||||
| 3.150%, 04/05/22 (A) |
67 | 66 | ||||||
| Wells Fargo |
||||||||
| 4.900%, 11/17/45 |
816 | 827 | ||||||
| 4.750%, 12/07/46 |
325 | 324 | ||||||
| 4.650%, 11/04/44 |
350 | 341 | ||||||
| 4.125%, 08/15/23 |
200 | 202 | ||||||
| 3.584%, VAR ICE LIBOR USD 3 Month+1.310%, 05/22/28 |
325 | 312 | ||||||
| 3.550%, 09/29/25 |
100 | 97 | ||||||
| 3.000%, 01/22/21 |
100 | 99 | ||||||
| 3.000%, 02/19/25 |
100 | 94 | ||||||
| 3.000%, 04/22/26 |
100 | 93 | ||||||
| 3.000%, 10/23/26 |
250 | 232 | ||||||
| 2.625%, 07/22/22 |
150 | 145 | ||||||
| 2.550%, 12/07/20 |
85 | 84 | ||||||
| 2.150%, 01/30/20 |
1,178 | 1,164 | ||||||
| Wells Fargo Bank |
||||||||
| 3.550%, 08/14/23 |
250 | 249 | ||||||
| 2.600%, 01/15/21 |
250 | 246 | ||||||
| 2.150%, 12/06/19 |
250 | 247 | ||||||
| Westpac Banking |
||||||||
| 4.322%, VAR USD ICE Swap |
200 | 193 | ||||||
| 2.700%, 08/19/26 |
100 | 91 | ||||||
| 2.600%, 11/23/20 |
150 | 148 | ||||||
| 2.000%, 08/19/21 |
50 | 48 | ||||||
| Willis North America |
||||||||
| 4.500%, 09/15/28 |
100 | 100 | ||||||
| 3.600%, 05/15/24 |
50 | 49 | ||||||
| XLIT |
||||||||
| 5.750%, 10/01/21 |
74 | 78 | ||||||
|
|
|
|||||||
|
|
126,329
|
| ||||||
|
|
|
|||||||
| Health Care – 2.3% |
||||||||
| Abbott Laboratories |
||||||||
| 4.900%, 11/30/46 |
200 | 217 | ||||||
| 3.400%, 11/30/23 |
1,075 | 1,071 | ||||||
| 2.900%, 11/30/21 |
2,568 | 2,536 | ||||||
| 2.800%, 09/15/20 |
150 | 149 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| AbbVie |
||||||||
| 4.875%, 11/14/48 |
$ | 1,393 | $ | 1,370 | ||||
| 4.700%, 05/14/45 |
200 | 192 | ||||||
| 4.500%, 05/14/35 |
200 | 192 | ||||||
| 4.300%, 05/14/36 |
150 | 141 | ||||||
| 4.250%, 11/14/28 |
15 | 15 | ||||||
| 3.750%, 11/14/23 |
1,638 | 1,632 | ||||||
| 3.375%, 11/14/21 |
100 | 100 | ||||||
| 3.200%, 11/06/22 |
100 | 98 | ||||||
| 2.850%, 05/14/23 |
50 | 48 | ||||||
| 2.500%, 05/14/20 |
973 | 962 | ||||||
| 2.300%, 05/14/21 |
50 | 49 | ||||||
| Advocate Health & Hospitals |
||||||||
| 4.272%, 08/15/48 |
1,232 | 1,240 | ||||||
| Aetna |
||||||||
| 2.800%, 06/15/23 |
25 | 24 | ||||||
| 2.750%, 11/15/22 |
150 | 145 | ||||||
| Agilent Technologies |
||||||||
| 3.050%, 09/22/26 |
65 | 60 | ||||||
| Allergan Funding SCS |
||||||||
| 4.550%, 03/15/35 |
300 | 292 | ||||||
| 3.800%, 03/15/25 |
190 | 186 | ||||||
| AmerisourceBergen |
||||||||
| 3.400%, 05/15/24 |
100 | 98 | ||||||
| Amgen |
||||||||
| 4.563%, 06/15/48 |
300 | 294 | ||||||
| 2.125%, 05/01/20 |
200 | 197 | ||||||
| 1.850%, 08/19/21 |
200 | 192 | ||||||
| Anthem |
||||||||
| 3.650%, 12/01/27 |
65 | 62 | ||||||
| 3.350%, 12/01/24 |
150 | 146 | ||||||
| 3.300%, 01/15/23 |
200 | 197 | ||||||
| AstraZeneca |
||||||||
| 4.375%, 08/17/48 |
100 | 97 | ||||||
| 2.375%, 11/16/20 |
150 | 148 | ||||||
| 2.375%, 06/12/22 |
100 | 96 | ||||||
| Baxter International |
||||||||
| 2.600%, 08/15/26 |
100 | 91 | ||||||
| Becton Dickinson |
||||||||
| 4.685%, 12/15/44 |
200 | 197 | ||||||
| 3.700%, 06/06/27 |
50 | 48 | ||||||
| 3.125%, 11/08/21 |
100 | 98 | ||||||
| 2.404%, 06/05/20 |
20 | 20 | ||||||
| Biogen |
||||||||
| 3.625%, 09/15/22 |
100 | 100 | ||||||
| Boston Scientific |
||||||||
| 3.375%, 05/15/22 |
100 | 99 | ||||||
| 2.850%, 05/15/20 |
100 | 99 | ||||||
| Bristol-Myers Squibb |
||||||||
| 2.000%, 08/01/22 |
100 | 96 | ||||||
| Cardinal Health |
||||||||
| 3.200%, 03/15/23 |
100 | 97 | ||||||
| 3.079%, 06/15/24 |
150 | 142 | ||||||
| Celgene |
||||||||
| 5.000%, 08/15/45 |
250 | 248 | ||||||
| 3.875%, 08/15/25 |
100 | 99 | ||||||
| 3.250%, 02/20/23 |
100 | 98 | ||||||
| 2.875%, 02/19/21 |
45 | 44 | ||||||
| Cigna |
||||||||
| 4.000%, 02/15/22 |
100 | 101 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.875%, 10/15/47 |
$ | 100 | $ | 85 | ||||
| CVS Health |
||||||||
| 5.125%, 07/20/45 |
200 | 206 | ||||||
| 5.050%, 03/25/48 |
1,274 | 1,303 | ||||||
| 4.780%, 03/25/38 |
215 | 214 | ||||||
| 4.300%, 03/25/28 |
110 | 109 | ||||||
| 3.875%, 07/20/25 |
120 | 118 | ||||||
| 3.700%, 03/09/23 |
4,100 | 4,079 | ||||||
| 3.350%, 03/09/21 |
295 | 294 | ||||||
| 3.125%, 03/09/20 |
1,105 | 1,105 | ||||||
| 2.875%, 06/01/26 |
200 | 184 | ||||||
| 2.125%, 06/01/21 |
50 | 48 | ||||||
| CVS Pass-Through Trust |
||||||||
| 4.163%, 08/11/36 (A) |
598 | 572 | ||||||
| Danaher |
||||||||
| 3.350%, 09/15/25 |
30 | 29 | ||||||
| Eli Lilly |
||||||||
| 3.100%, 05/15/27 |
49 | 47 | ||||||
| 2.350%, 05/15/22 |
100 | 97 | ||||||
| Express Scripts Holding |
||||||||
| 4.800%, 07/15/46 |
200 | 195 | ||||||
| 4.750%, 11/15/21 |
100 | 103 | ||||||
| Gilead Sciences |
||||||||
| 4.750%, 03/01/46 |
1,184 | 1,220 | ||||||
| 4.600%, 09/01/35 |
400 | 413 | ||||||
| 4.500%, 02/01/45 |
150 | 149 | ||||||
| 2.550%, 09/01/20 |
150 | 149 | ||||||
| 2.500%, 09/01/23 |
35 | 33 | ||||||
| 2.350%, 02/01/20 |
20 | 20 | ||||||
| 1.950%, 03/01/22 |
15 | 14 | ||||||
| GlaxoSmithKline Capital |
||||||||
| 3.875%, 05/15/28 |
150 | 152 | ||||||
| 2.850%, 05/08/22 |
100 | 98 | ||||||
| 2.800%, 03/18/23 |
125 | 122 | ||||||
| Halfmoon Parent |
||||||||
| 4.900%, 12/15/48 (A) |
718 | 713 | ||||||
| 4.800%, 08/15/38 (A) |
230 | 230 | ||||||
| 4.375%, 10/15/28 (A) |
40 | 40 | ||||||
| 4.125%, 11/15/25 (A) |
2,215 | 2,209 | ||||||
| 3.750%, 07/15/23 (A) |
55 | 55 | ||||||
| 3.400%, 09/17/21 (A) |
4,960 | 4,940 | ||||||
| Humana |
||||||||
| 4.950%, 10/01/44 |
200 | 208 | ||||||
| Johnson & Johnson |
||||||||
| 3.625%, 03/03/37 |
150 | 145 | ||||||
| 2.900%, 01/15/28 |
150 | 142 | ||||||
| 2.625%, 01/15/25 |
100 | 96 | ||||||
| 2.450%, 12/05/21 |
100 | 98 | ||||||
| 2.450%, 03/01/26 |
200 | 187 | ||||||
| Kaiser Foundation Hospitals |
||||||||
| 4.875%, 04/01/42 |
150 | 166 | ||||||
| 3.150%, 05/01/27 |
25 | 24 | ||||||
| Laboratory Corp of America Holdings |
||||||||
| 3.250%, 09/01/24 |
100 | 96 | ||||||
| 2.625%, 02/01/20 |
100 | 99 | ||||||
| McKesson |
||||||||
| 2.850%, 03/15/23 |
200 | 191 | ||||||
| Medtronic |
||||||||
| 4.625%, 03/15/45 |
200 | 212 | ||||||
| 4.375%, 03/15/35 |
200 | 207 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.750%, 04/01/23 |
$ | 100 | $ | 97 | ||||
| 2.500%, 03/15/20 |
150 | 149 | ||||||
| Merck |
||||||||
| 4.150%, 05/18/43 |
100 | 102 | ||||||
| 2.750%, 02/10/25 |
200 | 192 | ||||||
| 1.850%, 02/10/20 |
150 | 148 | ||||||
| Mylan |
||||||||
| 5.250%, 06/15/46 |
200 | 187 | ||||||
| 3.750%, 12/15/20 |
100 | 100 | ||||||
| Novartis Capital |
||||||||
| 4.400%, 05/06/44 |
150 | 160 | ||||||
| 3.400%, 05/06/24 |
100 | 100 | ||||||
| 3.000%, 11/20/25 |
50 | 48 | ||||||
| 2.400%, 05/17/22 |
50 | 48 | ||||||
| 1.800%, 02/14/20 |
25 | 25 | ||||||
| Pfizer |
||||||||
| 5.200%, 08/12/20 |
100 | 104 | ||||||
| 4.200%, 09/15/48 |
15 | 15 | ||||||
| 4.125%, 12/15/46 |
100 | 99 | ||||||
| 4.100%, 09/15/38 |
25 | 25 | ||||||
| 4.000%, 12/15/36 |
250 | 247 | ||||||
| 3.600%, 09/15/28 |
150 | 148 | ||||||
| 3.200%, 09/15/23 |
25 | 25 | ||||||
| 3.000%, 09/15/21 |
20 | 20 | ||||||
| 3.000%, 06/15/23 |
100 | 99 | ||||||
| Quest Diagnostics |
||||||||
| 2.500%, 03/30/20 |
150 | 148 | ||||||
| Sanofi |
||||||||
| 3.375%, 06/19/23 |
200 | 200 | ||||||
| Shire Acquisitions Investments Ireland DAC |
||||||||
| 3.200%, 09/23/26 |
60 | 55 | ||||||
| 2.875%, 09/23/23 |
50 | 48 | ||||||
| 2.400%, 09/23/21 |
150 | 145 | ||||||
| Stanford Health Care |
||||||||
| 3.795%, 11/15/48 |
100 | 95 | ||||||
| Stryker |
||||||||
| 4.625%, 03/15/46 |
100 | 101 | ||||||
| 3.500%, 03/15/26 |
25 | 24 | ||||||
| 3.375%, 11/01/25 |
50 | 48 | ||||||
| Teva Pharmaceutical Finance Netherlands III BV |
||||||||
| 6.750%, 03/01/28 |
390 | 411 | ||||||
| 4.100%, 10/01/46 |
445 | 325 | ||||||
| Thermo Fisher Scientific |
||||||||
| 3.600%, 08/15/21 |
100 | 100 | ||||||
| 3.200%, 08/15/27 |
100 | 94 | ||||||
| 3.000%, 04/15/23 |
200 | 194 | ||||||
| 2.950%, 09/19/26 |
30 | 28 | ||||||
| UnitedHealth Group |
||||||||
| 4.625%, 07/15/35 |
200 | 213 | ||||||
| 4.250%, 04/15/47 |
100 | 100 | ||||||
| 4.250%, 06/15/48 |
50 | 50 | ||||||
| 3.850%, 06/15/28 |
50 | 50 | ||||||
| 3.750%, 07/15/25 |
50 | 50 | ||||||
| 3.500%, 06/15/23 |
50 | 50 | ||||||
| 3.150%, 06/15/21 |
50 | 50 | ||||||
| 2.950%, 10/15/27 |
150 | 141 | ||||||
| 2.875%, 03/15/22 |
100 | 98 | ||||||
| 2.300%, 12/15/19 |
50 | 50 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Zimmer Biomet Holdings |
||||||||
| 3.550%, 04/01/25 |
$ | 150 | $ | 144 | ||||
| Zoetis |
||||||||
| 4.450%, 08/20/48 |
125 | 124 | ||||||
| 3.250%, 02/01/23 |
50 | 49 | ||||||
| 3.000%, 09/12/27 |
50 | 46 | ||||||
|
|
|
|||||||
|
|
40,508
|
| ||||||
|
|
|
|||||||
| Industrials – 2.2% |
||||||||
| 3M |
||||||||
| 5.700%, 03/15/37 |
150 | 181 | ||||||
| 4.000%, 09/14/48 |
100 | 100 | ||||||
| ABB Finance USA |
||||||||
| 3.800%, 04/03/28 |
150 | 151 | ||||||
| AerCap Ireland Capital |
||||||||
| 4.625%, 10/30/20 |
225 | 229 | ||||||
| 4.500%, 05/15/21 |
1,836 | 1,865 | ||||||
| AerCap Ireland Capital DAC |
||||||||
| 4.125%, 07/03/23 |
150 | 149 | ||||||
| Air Lease |
||||||||
| 4.625%, 10/01/28 |
100 | 99 | ||||||
| 3.250%, 03/01/25 |
150 | 140 | ||||||
| 2.125%, 01/15/20 |
50 | 49 | ||||||
| Aircastle |
||||||||
| 7.625%, 04/15/20 |
10 | 11 | ||||||
| 6.250%, 12/01/19 |
15 | 15 | ||||||
| 5.500%, 02/15/22 |
15 | 16 | ||||||
| 5.125%, 03/15/21 |
15 | 15 | ||||||
| 5.000%, 04/01/23 |
15 | 15 | ||||||
| 4.125%, 05/01/24 |
15 | 15 | ||||||
| Allegion US Holding |
||||||||
| 3.550%, 10/01/27 |
50 | 46 | ||||||
| American Airlines, Pass-Through Trust |
||||||||
| 4.950%, 01/15/23 |
133 | 137 | ||||||
| Boeing |
||||||||
| 2.350%, 10/30/21 |
150 | 147 | ||||||
| 2.125%, 03/01/22 |
50 | 48 | ||||||
| Burlington Northern Santa Fe |
||||||||
| 4.900%, 04/01/44 |
200 | 217 | ||||||
| 4.150%, 12/15/48 |
411 | 406 | ||||||
| 3.750%, 04/01/24 |
200 | 202 | ||||||
| 3.050%, 03/15/22 |
100 | 99 | ||||||
| Canadian Pacific Railway |
||||||||
| 4.000%, 06/01/28 |
15 | 15 | ||||||
| 2.900%, 02/01/25 |
100 | 95 | ||||||
| Caterpillar |
||||||||
| 5.200%, 05/27/41 |
100 | 115 | ||||||
| 3.900%, 05/27/21 |
50 | 51 | ||||||
| 3.400%, 05/15/24 |
100 | 99 | ||||||
| Caterpillar Financial Services |
||||||||
| 3.450%, 05/15/23 |
150 | 150 | ||||||
| 3.150%, 09/07/21 |
55 | 55 | ||||||
| Cintas No. 2 |
||||||||
| 3.700%, 04/01/27 |
200 | 195 | ||||||
| CNH Industrial Capital |
||||||||
| 4.875%, 04/01/21 |
10 | 10 | ||||||
| 4.375%, 11/06/20 |
15 | 15 | ||||||
| 4.375%, 04/05/22 |
10 | 10 | ||||||
| 4.200%, 01/15/24 |
1,808 | 1,802 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.875%, 10/15/21 |
$ | 10 | $ | 10 | ||||
| CSX |
||||||||
| 4.300%, 03/01/48 |
935 | 915 | ||||||
| 3.800%, 03/01/28 |
100 | 99 | ||||||
| 3.800%, 11/01/46 |
200 | 181 | ||||||
| 3.250%, 06/01/27 |
50 | 47 | ||||||
| Delta Air Lines |
||||||||
| 4.375%, 04/19/28 |
50 | 48 | ||||||
| 2.600%, 12/04/20 |
45 | 44 | ||||||
| DP World |
||||||||
| 6.850%, 07/02/37 (A) |
806 | 922 | ||||||
| 5.625%, 09/25/48 (A) |
1,240 | 1,228 | ||||||
| Eaton |
||||||||
| 3.103%, 09/15/27 |
100 | 93 | ||||||
| Embraer Netherlands Finance BV |
||||||||
| 5.400%, 02/01/27 |
65 | 66 | ||||||
| Emerson Electric |
||||||||
| 2.625%, 02/15/23 |
100 | 96 | ||||||
| Eskom Holdings |
||||||||
| 5.750%, 01/26/21 (A) |
410 | 399 | ||||||
| Eskom Holdings SOC |
||||||||
| 8.450%, 08/10/28 (A) |
410 | 410 | ||||||
| 6.750%, 08/06/23 (A) |
865 | 831 | ||||||
| 6.350%, 08/10/28 (A) |
560 | 557 | ||||||
| FedEx |
||||||||
| 4.750%, 11/15/45 |
100 | 100 | ||||||
| 3.200%, 02/01/25 |
200 | 195 | ||||||
| Fluor |
||||||||
| 4.250%, 09/15/28 |
50 | 49 | ||||||
| Fortive |
||||||||
| 3.150%, 06/15/26 |
150 | 140 | ||||||
| Fortune Brands Home & Security |
||||||||
| 4.000%, 09/21/23 |
50 | 50 | ||||||
| GATX |
||||||||
| 3.850%, 03/30/27 |
200 | 190 | ||||||
| GE Capital International Funding Unlimited Co |
||||||||
| 4.418%, 11/15/35 |
200 | 188 | ||||||
| 2.342%, 11/15/20 |
250 | 245 | ||||||
| General Dynamics |
||||||||
| 3.750%, 05/15/28 |
55 | 55 | ||||||
| 3.500%, 05/15/25 |
200 | 200 | ||||||
| 3.000%, 05/11/21 |
3,519 | 3,500 | ||||||
| 2.250%, 11/15/22 |
100 | 96 | ||||||
| General Electric |
||||||||
| 6.875%, 01/10/39 |
500 | 625 | ||||||
| 3.450%, 05/15/24 |
100 | 98 | ||||||
| Georgian Oil and Gas JSC |
||||||||
| 6.750%, 04/26/21 (A) |
200 | 205 | ||||||
| Georgian Railway |
||||||||
| 7.750%, 07/11/22 (A) |
1,100 | 1,166 | ||||||
| Harris |
||||||||
| 5.054%, 04/27/45 |
100 | 105 | ||||||
| 2.700%, 04/27/20 |
35 | 35 | ||||||
| Honeywell International |
||||||||
| 4.250%, 03/01/21 |
125 | 128 | ||||||
| 2.500%, 11/01/26 |
150 | 139 | ||||||
| Illinois Tool Works |
||||||||
| 2.650%, 11/15/26 |
250 | 231 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Ingersoll-Rand Global Holding |
||||||||
| 4.250%, 06/15/23 |
$ | 100 | $ | 102 | ||||
| John Deere Capital |
||||||||
| 3.350%, 06/12/24 |
100 | 99 | ||||||
| 3.050%, 01/06/28 |
150 | 142 | ||||||
| 2.800%, 03/04/21 |
100 | 99 | ||||||
| 2.800%, 03/06/23 |
50 | 49 | ||||||
| 2.800%, 09/08/27 |
50 | 46 | ||||||
| 2.650%, 06/24/24 |
100 | 95 | ||||||
| Johnson Controls International |
||||||||
| 4.500%, 02/15/47 |
150 | 144 | ||||||
| 3.625%, 07/02/24 |
43 | 42 | ||||||
| Kansas City Southern |
||||||||
| 4.700%, 05/01/48 |
50 | 50 | ||||||
| Kazakhstan Temir Zholy National JSC |
||||||||
| 4.850%, 11/17/27 (A) |
1,010 | 1,002 | ||||||
| Kennametal |
||||||||
| 4.625%, 06/15/28 |
25 | 25 | ||||||
| L3 Technologies |
||||||||
| 4.400%, 06/15/28 |
150 | 150 | ||||||
| Latam Airlines, Pass-Through Trust |
||||||||
| 4.500%, 11/15/23 |
462 | 447 | ||||||
| 4.200%, 11/15/27 |
757 | 729 | ||||||
| Lima Metro Line 2 Finance |
||||||||
| 5.875%, 07/05/34 |
200 | 207 | ||||||
| Lockheed Martin |
||||||||
| 4.700%, 05/15/46 |
150 | 160 | ||||||
| 2.900%, 03/01/25 |
100 | 96 | ||||||
| 2.500%, 11/23/20 |
150 | 148 | ||||||
| Masco |
||||||||
| 4.500%, 05/15/47 |
100 | 86 | ||||||
| 4.375%, 04/01/26 |
40 | 40 | ||||||
| 3.500%, 04/01/21 |
50 | 50 | ||||||
| Norfolk Southern |
||||||||
| 4.150%, 02/28/48 |
60 | 58 | ||||||
| 3.250%, 12/01/21 |
100 | 100 | ||||||
| 3.150%, 06/01/27 |
25 | 23 | ||||||
| 2.900%, 06/15/26 |
35 | 33 | ||||||
| Northrop Grumman |
||||||||
| 4.030%, 10/15/47 |
150 | 141 | ||||||
| 3.500%, 03/15/21 |
100 | 100 | ||||||
| 3.250%, 08/01/23 |
50 | 49 | ||||||
| Owens Corning |
||||||||
| 4.200%, 12/01/24 |
100 | 99 | ||||||
| PACCAR Financial |
||||||||
| 3.150%, 08/09/21 |
100 | 100 | ||||||
| 1.950%, 02/27/20 |
60 | 59 | ||||||
| Parker-Hannifin |
||||||||
| 3.300%, 11/21/24 |
150 | 147 | ||||||
| Pelabuhan Indonesia III Persero |
||||||||
| 4.500%, 05/02/23 (A) |
350 | 349 | ||||||
| Precision Castparts |
||||||||
| 2.250%, 06/15/20 |
200 | 197 | ||||||
| Republic Services |
||||||||
| 3.950%, 05/15/28 |
50 | 50 | ||||||
| 2.900%, 07/01/26 |
150 | 139 | ||||||
| Rockwell Collins |
||||||||
| 3.200%, 03/15/24 |
150 | 145 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Roper Technologies |
||||||||
| 2.800%, 12/15/21 |
$ | 150 | $ | 147 | ||||
| Ryder System |
||||||||
| 3.500%, 06/01/21 |
50 | 50 | ||||||
| 2.800%, 03/01/22 |
30 | 29 | ||||||
| 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 | 96 | ||||||
| Transnet |
||||||||
| 4.000%, 07/26/22 (A) |
425 | 398 | ||||||
| TTX |
||||||||
| 2.250%, 02/01/19 (A) |
922 | 920 | ||||||
| Union Pacific |
||||||||
| 4.800%, 09/10/58 |
100 | 103 | ||||||
| 3.799%, 10/01/51 |
200 | 178 | ||||||
| 3.646%, 02/15/24 |
100 | 100 | ||||||
| 3.600%, 09/15/37 |
150 | 137 | ||||||
| United Airlines, Pass-Through Trust |
||||||||
| 4.300%, 08/15/25 |
83 | 84 | ||||||
| 3.750%, 09/03/26 |
86 | 85 | ||||||
| United Parcel Service |
||||||||
| 3.750%, 11/15/47 |
150 | 139 | ||||||
| 3.125%, 01/15/21 |
45 | 45 | ||||||
| 3.050%, 11/15/27 |
100 | 96 | ||||||
| United Technologies |
||||||||
| 4.625%, 11/16/48 |
792 | 796 | ||||||
| 4.450%, 11/16/38 |
10 | 10 | ||||||
| 4.125%, 11/16/28 |
2,417 | 2,400 | ||||||
| 3.950%, 08/16/25 |
15 | 15 | ||||||
| 3.750%, 11/01/46 |
150 | 131 | ||||||
| 3.650%, 08/16/23 |
3,435 | 3,420 | ||||||
| 3.350%, 08/16/21 |
10 | 10 | ||||||
| 3.100%, 06/01/22 |
100 | 99 | ||||||
| 2.650%, 11/01/26 |
130 | 117 | ||||||
| 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 | 49 | ||||||
| Wabtec |
||||||||
| 4.700%, 09/15/28 |
1,071 | 1,054 | ||||||
| 4.150%, 03/15/24 |
1,539 | 1,528 | ||||||
| Waste Management |
||||||||
| 3.500%, 05/15/24 |
100 | 99 | ||||||
|
|
|
|||||||
|
|
39,123
|
| ||||||
|
|
|
|||||||
| Information Technology – 1.1% |
||||||||
| Alibaba Group Holding |
||||||||
| 4.200%, 12/06/47 |
200 | 182 | ||||||
| 2.800%, 06/06/23 |
250 | 241 | ||||||
| Analog Devices |
||||||||
| 3.125%, 12/05/23 |
150 | 145 | ||||||
| Apple |
||||||||
| 4.650%, 02/23/46 |
300 | 324 | ||||||
| 4.500%, 02/23/36 |
350 | 376 | ||||||
| 3.750%, 09/12/47 |
150 | 141 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.450%, 05/06/24 |
$ | 100 | $ | 100 | ||||
| 3.000%, 06/20/27 |
25 | 24 | ||||||
| 3.000%, 11/13/27 |
100 | 95 | ||||||
| 2.850%, 05/06/21 |
200 | 199 | ||||||
| 2.500%, 02/09/22 |
50 | 49 | ||||||
| 2.400%, 01/13/23 |
200 | 193 | ||||||
| 2.300%, 05/11/22 |
100 | 97 | ||||||
| 2.250%, 02/23/21 |
50 | 49 | ||||||
| 2.150%, 02/09/22 |
250 | 242 | ||||||
| 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 | 98 | ||||||
| Automatic Data Processing |
||||||||
| 2.250%, 09/15/20 |
50 | 49 | ||||||
| Broadcom |
||||||||
| 3.875%, 01/15/27 |
100 | 94 | ||||||
| 3.625%, 01/15/24 |
100 | 97 | ||||||
| 3.000%, 01/15/22 |
100 | 97 | ||||||
| 2.375%, 01/15/20 |
100 | 99 | ||||||
| 2.200%, 01/15/21 |
100 | 97 | ||||||
| Cisco Systems |
||||||||
| 4.450%, 01/15/20 |
200 | 204 | ||||||
| 3.625%, 03/04/24 |
100 | 101 | ||||||
| 3.500%, 06/15/25 |
50 | 50 | ||||||
| 2.950%, 02/28/26 |
50 | 48 | ||||||
| 2.500%, 09/20/26 |
100 | 93 | ||||||
| 1.850%, 09/20/21 |
100 | 96 | ||||||
| Dell International |
||||||||
| 8.100%, 07/15/36 (A) |
1,232 | 1,479 | ||||||
| 6.020%, 06/15/26 (A) |
260 | 278 | ||||||
| 5.450%, 06/15/23 (A) |
3,141 | 3,303 | ||||||
| 4.420%, 06/15/21 (A) |
100 | 101 | ||||||
| eBay |
||||||||
| 2.750%, 01/30/23 |
250 | 240 | ||||||
| Fidelity National Information Services |
||||||||
| 5.000%, 10/15/25 |
28 | 30 | ||||||
| 3.625%, 10/15/20 |
200 | 201 | ||||||
| Fiserv |
||||||||
| 3.800%, 10/01/23 |
100 | 100 | ||||||
| 2.700%, 06/01/20 |
100 | 99 | ||||||
| Hewlett Packard Enterprise |
||||||||
| 4.900%, 10/15/25 |
100 | 103 | ||||||
| 3.600%, 10/15/20 |
200 | 201 | ||||||
| IBM Credit |
||||||||
| 1.800%, 01/20/21 |
100 | 97 | ||||||
| Intel |
||||||||
| 4.100%, 05/19/46 |
250 | 247 | ||||||
| 3.700%, 07/29/25 |
25 | 25 | ||||||
| 3.150%, 05/11/27 |
100 | 97 | ||||||
| 2.875%, 05/11/24 |
150 | 146 | ||||||
| 2.450%, 07/29/20 |
60 | 59 | ||||||
| International Business Machines |
||||||||
| 4.000%, 06/20/42 |
150 | 146 | ||||||
| 3.450%, 02/19/26 |
50 | 49 | ||||||
| 3.375%, 08/01/23 |
200 | 199 | ||||||
| 2.250%, 02/19/21 |
50 | 49 | ||||||
| 1.875%, 08/01/22 |
150 | 142 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Jabil |
||||||||
| 3.950%, 01/12/28 |
$ | 150 | $ | 141 | ||||
| Juniper Networks |
||||||||
| 4.500%, 03/15/24 |
50 | 51 | ||||||
| Keysight Technologies |
||||||||
| 3.300%, 10/30/19 |
100 | 100 | ||||||
| Lam Research |
||||||||
| 2.800%, 06/15/21 |
50 | 49 | ||||||
| Mastercard |
||||||||
| 3.950%, 02/26/48 |
10 | 10 | ||||||
| 3.500%, 02/26/28 |
5 | 5 | ||||||
| 2.950%, 11/21/26 |
50 | 47 | ||||||
| Microsoft |
||||||||
| 4.250%, 02/06/47 |
500 | 525 | ||||||
| 4.100%, 02/06/37 |
200 | 207 | ||||||
| 3.450%, 08/08/36 |
300 | 286 | ||||||
| 3.300%, 02/06/27 |
60 | 59 | ||||||
| 3.125%, 11/03/25 |
100 | 98 | ||||||
| 2.875%, 02/06/24 |
35 | 34 | ||||||
| 2.650%, 11/03/22 |
150 | 147 | ||||||
| 2.400%, 02/06/22 |
150 | 146 | ||||||
| 2.400%, 08/08/26 |
100 | 92 | ||||||
| 2.000%, 11/03/20 |
150 | 147 | ||||||
| 1.850%, 02/06/20 |
100 | 99 | ||||||
| Motorola Solutions |
||||||||
| 3.500%, 09/01/21 |
100 | 99 | ||||||
| NetApp |
||||||||
| 3.375%, 06/15/21 |
50 | 50 | ||||||
| NXP BV |
||||||||
| 4.625%, 06/01/23 (A) |
704 | 714 | ||||||
| Oracle |
||||||||
| 4.300%, 07/08/34 |
500 | 511 | ||||||
| 4.000%, 07/15/46 |
667 | 636 | ||||||
| 4.000%, 11/15/47 |
336 | 319 | ||||||
| 3.900%, 05/15/35 |
200 | 193 | ||||||
| 3.800%, 11/15/37 |
250 | 238 | ||||||
| 2.950%, 05/15/25 |
100 | 96 | ||||||
| 2.500%, 05/15/22 |
150 | 146 | ||||||
| 2.400%, 09/15/23 |
200 | 191 | ||||||
| 1.900%, 09/15/21 |
90 | 87 | ||||||
| QUALCOMM |
||||||||
| 4.300%, 05/20/47 |
150 | 141 | ||||||
| 3.250%, 05/20/27 |
50 | 47 | ||||||
| 3.000%, 05/20/22 |
100 | 99 | ||||||
| 2.600%, 01/30/23 |
200 | 192 | ||||||
| salesforce.com |
||||||||
| 3.250%, 04/11/23 |
150 | 149 | ||||||
| Seagate HDD Cayman |
||||||||
| 4.750%, 01/01/25 |
100 | 96 | ||||||
| Texas Instruments |
||||||||
| 4.150%, 05/15/48 |
50 | 50 | ||||||
| 2.750%, 03/12/21 |
75 | 75 | ||||||
| Total System Services |
||||||||
| 4.800%, 04/01/26 |
100 | 103 | ||||||
| Trimble |
||||||||
| 4.150%, 06/15/23 |
100 | 100 | ||||||
| Tyco Electronics Group |
||||||||
| 3.125%, 08/15/27 |
25 | 23 | ||||||
| Visa |
||||||||
| 4.300%, 12/14/45 |
150 | 155 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.150%, 12/14/25 |
$ | 200 | $ | 194 | ||||
| 2.800%, 12/14/22 |
100 | 98 | ||||||
| VMware |
||||||||
| 2.950%, 08/21/22 |
100 | 96 | ||||||
| Western Union |
||||||||
| 4.250%, 06/09/23 |
50 | 50 | ||||||
| Xerox |
||||||||
| 3.625%, 03/15/23 |
100 | 95 | ||||||
|
|
|
|||||||
|
|
18,479
|
| ||||||
|
|
|
|||||||
| Materials – 1.0% |
||||||||
| Airgas |
||||||||
| 3.650%, 07/15/24 |
100 | 100 | ||||||
| ArcelorMittal |
||||||||
| 7.000%, 10/15/39 |
313 | 364 | ||||||
| 6.250%, 02/25/22 |
20 | 21 | ||||||
| 6.125%, 06/01/25 |
2,652 | 2,881 | ||||||
| 5.500%, 03/01/21 |
2,392 | 2,482 | ||||||
| 5.250%, 08/05/20 |
25 | 26 | ||||||
| Barrick |
||||||||
| 5.250%, 04/01/42 |
150 | 156 | ||||||
| BHP Billiton Finance USA |
||||||||
| 5.000%, 09/30/43 |
100 | 111 | ||||||
| Celanese US Holdings |
||||||||
| 5.875%, 06/15/21 |
20 | 21 | ||||||
| 4.625%, 11/15/22 |
20 | 20 | ||||||
| Cemex |
||||||||
| 7.750%, 04/16/26 (A) |
200 | 218 | ||||||
| 5.700%, 01/11/25 (A) |
605 | 616 | ||||||
| Dow Chemical |
||||||||
| 8.550%, 05/15/19 |
1,375 | 1,422 | ||||||
| 4.125%, 11/15/21 |
250 | 256 | ||||||
| Eastman Chemical |
||||||||
| 3.800%, 03/15/25 |
150 | 148 | ||||||
| Ecolab |
||||||||
| 3.250%, 01/14/23 |
100 | 99 | ||||||
| EI du Pont de Nemours |
||||||||
| 4.625%, 01/15/20 |
100 | 102 | ||||||
| 4.150%, 02/15/43 |
150 | 139 | ||||||
| 2.200%, 05/01/20 |
17 | 17 | ||||||
| Goldcorp |
||||||||
| 3.700%, 03/15/23 |
50 | 49 | ||||||
| International Paper |
||||||||
| 5.150%, 05/15/46 |
150 | 154 | ||||||
| 3.650%, 06/15/24 |
200 | 198 | ||||||
| Martin Marietta Materials |
||||||||
| 4.250%, 12/15/47 |
100 | 85 | ||||||
| Mexichem |
||||||||
| 5.875%, 09/17/44 (A) |
690 | 662 | ||||||
| 4.000%, 10/04/27 (A) |
625 | 577 | ||||||
| Mosaic |
||||||||
| 4.050%, 11/15/27 |
100 | 97 | ||||||
| Nacional del Cobre de Chile |
||||||||
| 3.625%, 08/01/27 (A) |
430 | 411 | ||||||
| Newmont Mining |
||||||||
| 3.500%, 03/15/22 |
100 | 99 | ||||||
| Nexa Resources |
||||||||
| 5.375%, 05/04/27 (A) |
650 | 631 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Nucor |
||||||||
| 3.950%, 05/01/28 |
$ | 150 | $ | 150 | ||||
| Nutrien |
||||||||
| 6.125%, 01/15/41 |
150 | 168 | ||||||
| 3.625%, 03/15/24 |
100 | 97 | ||||||
| Packaging Corp of America |
||||||||
| 3.650%, 09/15/24 |
100 | 99 | ||||||
| 3.400%, 12/15/27 |
35 | 33 | ||||||
| 2.450%, 12/15/20 |
35 | 34 | ||||||
| PPG Industries |
||||||||
| 2.300%, 11/15/19 |
100 | 99 | ||||||
| Praxair |
||||||||
| 2.450%, 02/15/22 |
200 | 195 | ||||||
| Rio Tinto Finance USA |
||||||||
| 3.750%, 06/15/25 |
200 | 201 | ||||||
| Sherwin-Williams |
||||||||
| 3.450%, 08/01/25 |
100 | 96 | ||||||
| 2.250%, 05/15/20 |
200 | 197 | ||||||
| Southern Copper |
||||||||
| 5.875%, 04/23/45 |
150 | 164 | ||||||
| 3.875%, 04/23/25 |
30 | 29 | ||||||
| Vale Overseas |
||||||||
| 6.875%, 11/21/36 |
200 | 232 | ||||||
| 4.375%, 01/11/22 |
3,686 | 3,714 | ||||||
| Vedanta Resources |
||||||||
| 6.125%, 08/09/24 (A) |
680 | 632 | ||||||
| Westlake Chemical |
||||||||
| 3.600%, 08/15/26 |
100 | 94 | ||||||
|
|
|
|||||||
|
|
18,396
|
| ||||||
|
|
|
|||||||
| Real Estate – 0.3% |
||||||||
| Alexandria Real Estate Equities |
||||||||
| 4.700%, 07/01/30 |
717 | 724 | ||||||
| 3.450%, 04/30/25 |
25 | 24 | ||||||
| 2.750%, 01/15/20 |
50 | 50 | ||||||
| American Tower |
||||||||
| 4.000%, 06/01/25 |
200 | 196 | ||||||
| 2.250%, 01/15/22 |
50 | 48 | ||||||
| AvalonBay Communities |
||||||||
| 3.500%, 11/15/24 |
100 | 99 | ||||||
| Boston Properties |
||||||||
| 3.850%, 02/01/23 |
100 | 101 | ||||||
| 3.650%, 02/01/26 |
150 | 145 | ||||||
| Brixmor Operating Partnership |
||||||||
| 3.875%, 08/15/22 |
30 | 30 | ||||||
| 3.250%, 09/15/23 |
100 | 96 | ||||||
| Crown Castle International |
||||||||
| 5.250%, 01/15/23 |
100 | 105 | ||||||
| 3.800%, 02/15/28 |
150 | 142 | ||||||
| 3.700%, 06/15/26 |
35 | 33 | ||||||
| 2.250%, 09/01/21 |
55 | 53 | ||||||
| Digital Realty Trust |
||||||||
| 3.625%, 10/01/22 |
100 | 99 | ||||||
| Duke Realty |
||||||||
| 3.750%, 12/01/24 |
100 | 98 | ||||||
| EPR Properties |
||||||||
| 4.750%, 12/15/26 |
50 | 49 | ||||||
| ERP Operating |
||||||||
| 4.625%, 12/15/21 |
120 | 124 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Essex Portfolio |
||||||||
| 3.375%, 04/15/26 |
$ | 100 | $ | 95 | ||||
| GLP Capital |
||||||||
| 5.750%, 06/01/28 |
15 | 15 | ||||||
| 5.375%, 11/01/23 |
15 | 16 | ||||||
| 5.375%, 04/15/26 |
25 | 25 | ||||||
| 5.250%, 06/01/25 |
15 | 15 | ||||||
| 4.875%, 11/01/20 |
40 | 41 | ||||||
| Healthcare Trust of America Holdings |
||||||||
| 3.750%, 07/01/27 |
100 | 94 | ||||||
| Hospitality Properties Trust |
||||||||
| 5.250%, 02/15/26 |
100 | 101 | ||||||
| 5.000%, 08/15/22 |
100 | 102 | ||||||
| Host Hotels & Resorts |
||||||||
| 3.750%, 10/15/23 |
100 | 98 | ||||||
| Kilroy Realty |
||||||||
| 3.450%, 12/15/24 |
50 | 48 | ||||||
| Kimco Realty |
||||||||
| 4.450%, 09/01/47 |
954 | 876 | ||||||
| 3.300%, 02/01/25 |
80 | 76 | ||||||
| 3.200%, 05/01/21 |
50 | 49 | ||||||
| Liberty Property |
||||||||
| 4.125%, 06/15/22 |
100 | 101 | ||||||
| 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 | 95 | ||||||
| Omega Healthcare Investors |
||||||||
| 4.375%, 08/01/23 |
50 | 50 | ||||||
| Prologis |
||||||||
| 3.875%, 09/15/28 |
35 | 35 | ||||||
| Realty Income |
||||||||
| 3.875%, 04/15/25 |
25 | 25 | ||||||
| 3.250%, 10/15/22 |
100 | 99 | ||||||
| Regency Centers |
||||||||
| 3.600%, 02/01/27 |
30 | 28 | ||||||
| Select Income |
||||||||
| 4.250%, 05/15/24 |
50 | 48 | ||||||
| Simon Property Group |
||||||||
| 3.375%, 10/01/24 |
125 | 122 | ||||||
| 3.300%, 01/15/26 |
100 | 96 | ||||||
| UDR |
||||||||
| 4.000%, 10/01/25 |
50 | 50 | ||||||
| Ventas Realty |
||||||||
| 4.250%, 03/01/22 |
100 | 102 | ||||||
| 3.750%, 05/01/24 |
50 | 49 | ||||||
| 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 | 10 | ||||||
| Welltower |
||||||||
| 5.250%, 01/15/22 |
100 | 104 | ||||||
| 4.950%, 09/01/48 |
100 | 100 | ||||||
| Weyerhaeuser |
||||||||
| 4.625%, 09/15/23 |
100 | 103 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| WP Carey |
||||||||
| 4.600%, 04/01/24 |
$ | 50 | $ | 50 | ||||
|
|
|
|||||||
|
|
5,327
|
| ||||||
|
|
|
|||||||
| Utilities – 3.4% |
||||||||
| ABY Transmision Sur |
||||||||
| 6.875%, 04/30/43 (A) |
249 | 276 | ||||||
| AEP Transmission |
||||||||
| 3.100%, 12/01/26 |
150 | 143 | ||||||
| Alabama Power |
||||||||
| 4.300%, 07/15/48 |
30 | 30 | ||||||
| Alliant Energy Finance |
||||||||
| 3.750%, 06/15/23 (A) |
1,634 | 1,627 | ||||||
| American Water Capital |
||||||||
| 4.200%, 09/01/48 |
100 | 99 | ||||||
| 3.400%, 03/01/25 |
100 | 98 | ||||||
| Appalachian Power |
||||||||
| 4.450%, 06/01/45 |
1,296 | 1,302 | ||||||
| Arizona Public Service |
||||||||
| 4.500%, 04/01/42 |
200 | 206 | ||||||
| 3.150%, 05/15/25 |
50 | 48 | ||||||
| Atmos Energy |
||||||||
| 3.000%, 06/15/27 |
65 | 61 | ||||||
| Berkshire Hathaway Energy |
||||||||
| 6.125%, 04/01/36 |
200 | 242 | ||||||
| 3.750%, 11/15/23 |
100 | 101 | ||||||
| 2.375%, 01/15/21 |
1,352 | 1,330 | ||||||
| Black Hills |
||||||||
| 4.350%, 05/01/33 |
2,071 | 2,029 | ||||||
| Celeo Redes Operacion Chile |
||||||||
| 5.200%, 06/22/47 (A) |
720 | 717 | ||||||
| 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 | 94 | ||||||
| CMS Energy |
||||||||
| 6.250%, 02/01/20 |
100 | 104 | ||||||
| 3.000%, 05/15/26 |
40 | 37 | ||||||
| Cometa Energia |
||||||||
| 6.375%, 04/24/35 (A) |
1,270 | 1,247 | ||||||
| Commonwealth Edison |
||||||||
| 4.000%, 03/01/48 |
703 | 678 | ||||||
| Consolidated Edison of New York |
||||||||
| 4.450%, 03/15/44 |
150 | 154 | ||||||
| 3.875%, 06/15/47 |
100 | 93 | ||||||
| 3.800%, 05/15/28 |
50 | 50 | ||||||
| Delmarva Power & Light |
||||||||
| 4.150%, 05/15/45 |
423 | 413 | ||||||
| Dominion Energy |
||||||||
| 5.950%, 06/15/35 |
169 | 190 | ||||||
| 4.050%, 09/15/42 |
150 | 138 | ||||||
| 2.962%, 07/01/19 |
1,600 | 1,599 | ||||||
| 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 | 1,290 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| DTE Electric |
||||||||
| 4.050%, 05/15/48 |
$ | 1,470 | $ | 1,446 | ||||
| 3.750%, 08/15/47 |
100 | 93 | ||||||
| DTE Energy |
||||||||
| 3.700%, 08/01/23 |
1,775 | 1,772 | ||||||
| 2.400%, 12/01/19 |
100 | 99 | ||||||
| Duke Energy |
||||||||
| 3.750%, 09/01/46 |
350 | 308 | ||||||
| Duke Energy Carolinas |
||||||||
| 5.300%, 02/15/40 |
300 | 341 | ||||||
| 3.700%, 12/01/47 |
100 | 91 | ||||||
| 3.050%, 03/15/23 |
100 | 98 | ||||||
| 2.950%, 12/01/26 |
50 | 48 | ||||||
| Duke Energy Florida |
||||||||
| 3.800%, 07/15/28 |
50 | 50 | ||||||
| 2.100%, 12/15/19 |
623 | 619 | ||||||
| Duke Energy Progress |
||||||||
| 3.700%, 09/01/28 |
50 | 50 | ||||||
| Edison International |
||||||||
| 2.400%, 09/15/22 |
80 | 76 | ||||||
| Enel Generacion Chile |
||||||||
| 4.250%, 04/15/24 |
50 | 50 | ||||||
| Entergy |
||||||||
| 4.000%, 07/15/22 |
50 | 51 | ||||||
| Entergy Arkansas |
||||||||
| 3.500%, 04/01/26 |
100 | 99 | ||||||
| Entergy Louisiana |
||||||||
| 4.000%, 03/15/33 |
130 | 130 | ||||||
| Eversource Energy |
||||||||
| 3.300%, 01/15/28 |
100 | 94 | ||||||
| 2.750%, 03/15/22 |
2,273 | 2,225 | ||||||
| Exelon |
||||||||
| 5.100%, 06/15/45 |
957 | 1,009 | ||||||
| 3.400%, 04/15/26 |
100 | 96 | ||||||
| Exelon Generation |
||||||||
| 5.600%, 06/15/42 |
600 | 614 | ||||||
| FirstEnergy |
||||||||
| 4.850%, 07/15/47 |
679 | 691 | ||||||
| 3.900%, 07/15/27 |
966 | 939 | ||||||
| FirstEnergy Transmission |
||||||||
| 5.450%, 07/15/44 (A) |
1,181 | 1,289 | ||||||
| Florida Power & Light |
||||||||
| 4.125%, 06/01/48 |
50 | 50 | ||||||
| 3.700%, 12/01/47 |
100 | 92 | ||||||
| Fortis |
||||||||
| 2.100%, 10/04/21 |
150 | 143 | ||||||
| Georgia Power |
||||||||
| 4.300%, 03/15/42 |
300 | 285 | ||||||
| 2.000%, 09/08/20 |
115 | 112 | ||||||
| ITC Holdings |
||||||||
| 3.650%, 06/15/24 |
25 | 25 | ||||||
| 2.700%, 11/15/22 |
2,527 | 2,424 | ||||||
| Jersey Central Power & Light |
||||||||
| 7.350%, 02/01/19 |
824 | 837 | ||||||
| 4.700%, 04/01/24 (A) |
1,541 | 1,598 | ||||||
| Kansas City Power & Light |
||||||||
| 3.650%, 08/15/25 |
100 | 98 | ||||||
| Korea Southern Power |
||||||||
| 3.000%, 01/29/21 () (A) |
433 | 426 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Listrindo Capital BV |
||||||||
| 4.950%, 09/14/26 (A) |
$ | 450 | $ | 417 | ||||
| MidAmerican Energy |
||||||||
| 3.950%, 08/01/47 |
250 | 240 | ||||||
| Minejesa Capital BV |
||||||||
| 5.625%, 08/10/37 (A) |
670 | 611 | ||||||
| National Fuel Gas |
||||||||
| 3.950%, 09/15/27 |
50 | 46 | ||||||
| NextEra Energy Capital Holdings |
||||||||
| 3.550%, 05/01/27 |
100 | 96 | ||||||
| 3.342%, 09/01/20 |
4,526 | 4,536 | ||||||
| 2.700%, 09/15/19 |
1,691 | 1,687 | ||||||
| NiSource |
||||||||
| 4.375%, 05/15/47 |
100 | 96 | ||||||
| 3.650%, 06/15/23 (A) |
1,275 | 1,259 | ||||||
| 2.650%, 11/17/22 |
20 | 19 | ||||||
| Northern States Power |
||||||||
| 2.600%, 05/15/23 |
100 | 97 | ||||||
| 2.200%, 08/15/20 |
50 | 49 | ||||||
| NSTAR Electric |
||||||||
| 2.375%, 10/15/22 |
100 | 96 | ||||||
| Oklahoma Gas & Electric |
||||||||
| 3.800%, 08/15/28 |
25 | 25 | ||||||
| Oncor Electric Delivery |
||||||||
| 7.000%, 09/01/22 |
100 | 113 | ||||||
| 4.100%, 11/15/48 (A) |
50 | 50 | ||||||
| Pacific Gas & Electric |
||||||||
| 6.050%, 03/01/34 |
400 | 455 | ||||||
| 2.950%, 03/01/26 |
50 | 45 | ||||||
| PacifiCorp |
||||||||
| 4.125%, 01/15/49 |
633 | 622 | ||||||
| PECO Energy |
||||||||
| 3.900%, 03/01/48 |
15 | 14 | ||||||
| Perusahaan Listrik Negara |
||||||||
| 6.150%, 05/21/48 (A) |
720 | 748 | ||||||
| Pinnacle West Capital |
||||||||
| 2.250%, 11/30/20 |
1,009 | 983 | ||||||
| PPL Capital Funding |
||||||||
| 4.000%, 09/15/47 |
100 | 90 | ||||||
| 3.500%, 12/01/22 |
150 | 148 | ||||||
| Progress Energy |
||||||||
| 7.750%, 03/01/31 |
1,941 | 2,541 | ||||||
| 7.050%, 03/15/19 |
1,225 | 1,248 | ||||||
| PSEG Power |
||||||||
| 3.850%, 06/01/23 |
50 | 50 | ||||||
| 3.000%, 06/15/21 |
50 | 49 | ||||||
| Public Service Electric & Gas |
||||||||
| 3.650%, 09/01/28 |
100 | 99 | ||||||
| Public Service Enterprise Group |
||||||||
| 2.650%, 11/15/22 |
150 | 144 | ||||||
| Public Service of Colorado |
||||||||
| 4.100%, 06/15/48 |
65 | 64 | ||||||
| Puget Energy |
||||||||
| 6.500%, 12/15/20 |
100 | 106 | ||||||
| Puget Sound Energy |
||||||||
| 4.223%, 06/15/48 |
100 | 100 | ||||||
| Ruwais Power PJSC |
||||||||
| 6.000%, 08/31/36 (A) |
540 | 591 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Sempra Energy |
||||||||
| 9.800%, 02/15/19 |
$ | 1,135 | $ | 1,164 | ||||
| 6.000%, 10/15/39 |
1,222 | 1,405 | ||||||
| 3.800%, 02/01/38 |
200 | 180 | ||||||
| 3.750%, 11/15/25 |
100 | 97 | ||||||
| 3.550%, 06/15/24 |
100 | 98 | ||||||
| 3.400%, 02/01/28 |
576 | 539 | ||||||
| 2.900%, 02/01/23 |
35 | 34 | ||||||
| South Carolina Electric & Gas |
||||||||
| 3.500%, 08/15/21 |
55 | 55 | ||||||
| Southern |
||||||||
| 4.250%, 07/01/36 |
150 | 143 | ||||||
| Southern California Edison |
||||||||
| 4.125%, 03/01/48 |
1,381 | 1,320 | ||||||
| 3.650%, 03/01/28 |
50 | 49 | ||||||
| 3.500%, 10/01/23 |
150 | 149 | ||||||
| Southern Gas Capital |
||||||||
| 3.250%, 06/15/26 |
30 | 28 | ||||||
| Southwestern Electric Power |
||||||||
| 4.100%, 09/15/28 |
25 | 25 | ||||||
| 3.850%, 02/01/48 |
100 | 89 | ||||||
| 2.750%, 10/01/26 |
50 | 46 | ||||||
| State Grid Overseas Investment 2013 |
||||||||
| 3.125%, 05/22/23 (A) |
440 | 429 | ||||||
| Tampa Electric |
||||||||
| 4.300%, 06/15/48 |
25 | 25 | ||||||
| Terraform Global Operating |
||||||||
| 6.125%, 03/01/26 (A) |
600 | 576 | ||||||
| Union Electric |
||||||||
| 3.500%, 04/15/24 |
150 | 149 | ||||||
| Virginia Electric & Power |
||||||||
| 3.800%, 04/01/28 |
100 | 100 | ||||||
| 3.500%, 03/15/27 |
100 | 97 | ||||||
| 3.100%, 05/15/25 |
100 | 96 | ||||||
| 2.750%, 03/15/23 |
100 | 97 | ||||||
| WEC Energy Group |
||||||||
| 3.375%, 06/15/21 |
65 | 65 | ||||||
| Wisconsin Power & Light |
||||||||
| 3.050%, 10/15/27 |
100 | 94 | ||||||
| Xcel Energy |
||||||||
| 3.350%, 12/01/26 |
100 | 96 | ||||||
| 2.400%, 03/15/21 |
1,616 | 1,583 | ||||||
|
|
|
|||||||
|
|
59,512
|
| ||||||
|
|
|
|||||||
| Total Corporate Obligations |
|
442,621
|
| |||||
|
|
|
|||||||
| Mortgage-Backed Securities — 20.0% |
|
|||||||
| Agency Mortgage-Backed Obligations – 18.1% |
|
|||||||
| FHLMC TBA |
||||||||
| 4.500%, 10/11/37 |
250 | 258 | ||||||
| 4.000%, 10/14/40 |
450 | 454 | ||||||
| 3.500%, 10/15/41 |
6,725 | 6,619 | ||||||
| FHLMC |
||||||||
| 5.000%, 02/01/39 |
681 | 719 | ||||||
| 4.500%, 12/01/43 - 09/01/48 |
1,621 | 1,680 | ||||||
| 4.000%, 05/01/26 - 11/01/47 |
8,865 | 8,976 | ||||||
| 3.500%, 10/01/43 - 02/01/48 |
11,712 | 11,549 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.000%, 02/01/32 - 02/01/48 |
$ | 21,030 | $ | 20,226 | ||||
| 2.500%, 01/01/32 - 12/01/32 |
2,959 | 2,854 | ||||||
| FHLMC, Ser 2011-3830, Cl DZ |
||||||||
| 4.000%, 12/15/30 |
1,032 | 1,065 | ||||||
| FHLMC, Ser 2014-4384, Cl LA |
||||||||
| 3.500%, 09/15/40 |
274 | 275 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.320%, 02/25/23 (D) |
1,000 | 1,005 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 2.673%, 03/25/26 |
400 | 381 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.243%, 04/25/27 |
1,026 | 1,004 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.244%, 08/25/27 |
723 | 706 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.187%, 09/25/27 (D) |
400 | 388 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.303%, 11/25/27 (D) |
361 | 353 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.444%, 12/25/27 |
100 | 99 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.854%, 06/25/28 |
200 | 204 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.926%, 06/25/28 |
1,486 | 1,523 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 2.454%, 08/25/23 |
350 | 337 | ||||||
| FHLMC Multifamily Structured Pass-Through Certificates, |
||||||||
| 3.590%, 01/25/25 |
425 | 430 | ||||||
| FNMA |
||||||||
| 5.500%, 09/01/40 |
888 | 954 | ||||||
| 5.000%, 07/01/41 - 11/01/44 |
2,048 | 2,176 | ||||||
| 4.500%, 01/01/30 - 11/01/47 |
5,406 | 5,603 | ||||||
| 4.000%, 12/01/43 - 01/01/48 |
14,718 | 14,886 | ||||||
| 3.500%, 08/01/31 - 02/01/48 |
40,652 | 40,157 | ||||||
| 3.000%, 02/01/32 - 09/01/47 |
27,365 | 26,399 | ||||||
| 2.500%, 12/01/31 - 12/01/32 |
3,610 | 3,486 | ||||||
| FNMA TBA |
||||||||
| 4.500%, 10/14/34 |
995 | 1,027 | ||||||
| 4.000%, 10/14/39 |
11,385 | 11,496 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.500%, 10/01/40 |
$ | 22,725 | $ | 22,486 | ||||
| 3.000%, 10/15/27 - 10/15/42 |
12,055 | 11,846 | ||||||
| 2.500%, 10/15/27 |
6,240 | 6,020 | ||||||
| FNMA, Ser 2006-104, Cl FC |
||||||||
| 2.466%, VAR LIBOR USD 1 |
386 | 386 | ||||||
| FNMA, Ser 2013-101, Cl A |
||||||||
| 3.000%, 09/25/30 |
346 | 344 | ||||||
| FNMA, Ser 2015-M11, Cl A2 |
||||||||
| 2.936%, 04/25/25 (D) |
850 | 826 | ||||||
| FNMA, Ser 2016-54, Cl GA |
||||||||
| 2.500%, 11/25/45 |
2,088 | 1,998 | ||||||
| FNMA, Ser 2017-41, Cl MD |
||||||||
| 4.000%, 05/25/53 |
1,299 | 1,329 | ||||||
| FNMA, Ser 2017-91, Cl PC |
||||||||
| 3.000%, 06/25/45 |
632 | 618 | ||||||
| FNMA, Ser 2018-3, Cl PA |
||||||||
| 3.000%, 04/25/46 |
1,745 | 1,693 | ||||||
| GNMA |
||||||||
| 5.000%, 09/20/46 - 09/20/48 |
4,722 | 4,952 | ||||||
| 4.500%, 12/20/41 - 03/20/48 |
2,851 | 2,962 | ||||||
| 4.000%, 01/20/47 - 08/20/48 |
15,295 | 15,594 | ||||||
| 3.500%, 11/20/44 - 01/20/48 |
17,844 | 17,765 | ||||||
| 3.000%, 08/20/46 - 03/20/48 |
23,330 | 22,621 | ||||||
| 2.500%, 12/20/46 |
433 | 406 | ||||||
| GNMA TBA |
||||||||
| 4.500%, 10/15/39 |
10,115 | 10,453 | ||||||
| 4.000%, 10/01/39 |
7,680 | 7,811 | ||||||
| 3.500%, 10/15/41 |
13,885 | 13,806 | ||||||
| 3.000%, 10/01/42 |
8,645 | 8,372 | ||||||
|
|
|
|||||||
|
|
319,577
|
| ||||||
|
|
|
|||||||
| Non-Agency Mortgage-Backed Obligations – 1.9% |
| |||||||
| Alternative Loan Trust, Ser 2003- 22CB, Cl 3A1 |
||||||||
| 6.000%, 12/25/33 |
696 | 698 | ||||||
| BANK, Ser 2017-BNK8, Cl A4 |
||||||||
| 3.488%, 11/15/50 |
90 | 88 | ||||||
| BANK, Ser 2017-BNK8, Cl B |
||||||||
| 3.931%, 11/15/50 (D) |
50 | 49 | ||||||
| BANK, Ser 2018-BN13, Cl A5 |
||||||||
| 4.217%, 08/15/61 |
50 | 52 | ||||||
| BANK, Ser 2018-BN14, Cl A3 |
||||||||
| 3.966%, 09/15/60 |
928 | 936 | ||||||
| BANK, Ser 2018-BN14, Cl A4 |
||||||||
| 4.231%, 09/15/60 |
96 | 98 | ||||||
| BENCHMARK Mortgage Trust, Ser 2018-B2, Cl A5 |
||||||||
| 3.882%, 02/15/51 |
100 | 101 | ||||||
| BENCHMARK Mortgage Trust, Ser 2018-B6, Cl A4 |
||||||||
| 4.261%, 11/10/51 |
50 | 52 | ||||||
| CD Mortgage Trust, Ser 2017-CD6, Cl A5 |
||||||||
| 3.456%, 11/13/50 |
100 | 98 | ||||||
| Citigroup Commercial Mortgage Trust, Ser 2013-GC17, Cl A4 |
||||||||
| 4.131%, 11/10/46 |
848 | 872 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl A5 |
||||||||
| 3.720%, 11/10/26 |
$ | 738 | $ | 735 | ||||
| Citigroup Commercial Mortgage Trust, Ser 2017-P7, Cl A4 |
||||||||
| 3.712%, 04/14/50 |
500 | 496 | ||||||
| Citigroup Commercial Mortgage Trust, Ser C5, Cl A4 |
||||||||
| 4.228%, 06/10/51 |
100 | 103 | ||||||
| Citigroup Mortgage Loan Trust, Ser 2018-A, Cl A1 |
||||||||
| 4.000%, 01/25/68 (A) (D) |
623 | 620 | ||||||
| COMM Mortgage Trust, Ser 2013- CCRE9, Cl A4 |
||||||||
| 4.375%, 07/10/45 (D) |
985 | 1,020 | ||||||
| COMM Mortgage Trust, Ser 2013- CR11, Cl A3 |
||||||||
| 3.983%, 08/10/50 |
1,331 | 1,362 | ||||||
| COMM Mortgage Trust, Ser 2013- CR7, Cl A4 |
||||||||
| 3.213%, 03/10/46 |
481 | 477 | ||||||
| COMM Mortgage Trust, Ser 2013- CR8, Cl A5 |
||||||||
| 3.612%, 06/10/46 (D) |
90 | 90 | ||||||
| COMM Mortgage Trust, Ser 2013- LC6, Cl A4 |
||||||||
| 2.941%, 01/10/46 |
758 | 744 | ||||||
| COMM Mortgage Trust, Ser 2015- DC1, Cl A5 |
||||||||
| 3.350%, 02/10/48 |
1,000 | 981 | ||||||
| COMM Mortgage Trust, Ser 2018- COR3, Cl A3 |
||||||||
| 4.228%, 05/10/51 |
952 | 978 | ||||||
| COMM Mortgage Trust, Ser CR12, Cl A3 |
||||||||
| 3.765%, 10/10/46 |
1,340 | 1,359 | ||||||
| COMM Mortgage Trust, Ser CR16, Cl A4 |
||||||||
| 4.051%, 04/10/47 |
613 | 628 | ||||||
| Commercial Mortgage Trust, Ser 2015-LC23, Cl A4 |
||||||||
| 3.774%, 10/10/48 |
1,069 | 1,076 | ||||||
| Credit Suisse First Boston Mortgage Securities, Ser 2004- AR2, Cl 5A1 |
||||||||
| 3.998%, 03/25/34 (D) |
40 | 41 | ||||||
| CSAIL Commercial Mortgage Trust, Ser 2016-C7, Cl A4 |
||||||||
| 3.210%, 11/15/49 |
500 | 480 | ||||||
| CSAIL Commercial Mortgage Trust, Ser 2016-C7, Cl A5 |
||||||||
| 3.502%, 11/15/49 |
960 | 937 | ||||||
| CSFB Mortgage-Backed Pass- Through Certificates, Ser 2003- 27, Cl 4A4 |
||||||||
| 5.750%, 11/25/33 |
72 | 74 | ||||||
| CSMC Trust, Ser 2018-RPL7, |
||||||||
| 4.000%, 10/25/48 (A) |
525 | 525 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| GS Mortgage Securities Trust, |
||||||||
| 3.135%, 06/10/46 |
$ | 267 | $ | 263 | ||||
| GS Mortgage Securities Trust, |
||||||||
| 3.764%, 07/10/48 |
500 | 503 | ||||||
| GS Mortgage Securities Trust, |
||||||||
| 3.801%, 01/10/47 |
1,228 | 1,243 | ||||||
| GSR Mortgage Loan Trust, |
||||||||
| 6.500%, 02/25/35 |
38 | 38 | ||||||
| HarborView Mortgage Loan Trust, Ser 2004-3, Cl 1A |
||||||||
| 3.713%, 05/19/34 (D) |
36 | 37 | ||||||
| JPMBB Commercial Mortgage Securities Trust, Ser C19, |
||||||||
| 3.669%, 04/15/47 |
500 | 503 | ||||||
| JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl A2 |
||||||||
| 3.240%, 03/15/50 |
400 | 398 | ||||||
| JPMorgan Mortgage Trust, |
||||||||
| 3.806%, 11/25/33 (D) |
133 | 134 | ||||||
| JPMorgan Mortgage Trust, |
||||||||
| 4.219%, 02/25/35 (D) |
183 | 182 | ||||||
| JPMorgan Mortgage Trust, |
||||||||
| 3.826%, 04/25/35 (D) |
48 | 48 | ||||||
| JPMorgan Mortgage Trust, |
||||||||
| 4.331%, 06/25/35 (D) |
58 | 59 | ||||||
| MLCC Mortgage Investors, |
||||||||
| 3.971%, 05/25/36 (D) |
214 | 216 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A4 |
||||||||
| 4.219%, 07/15/46 (D) |
385 | 394 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C12, Cl A4 |
||||||||
| 4.259%, 10/15/46 (D) |
522 | 538 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C14, Cl A5 |
||||||||
| 4.064%, 02/15/47 |
226 | 231 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C19, Cl AS |
||||||||
| 3.832%, 12/15/47 |
500 | 493 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl A4 |
||||||||
| 3.249%, 02/15/48 |
935 | 909 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C24, Cl A4 |
||||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 3.732%, 05/15/48 |
$ | 1,839 | $ | 1,842 | ||||
| Morgan Stanley Capital I, |
||||||||
| 4.177%, 07/15/51 |
920 | 942 | ||||||
| Morgan Stanley Capital I Trust, |
||||||||
| 3.350%, 07/13/29 (A) |
1,104 | 1,103 | ||||||
| Morgan Stanley Capital I Trust, |
||||||||
| 3.809%, 12/15/48 |
561 | 563 | ||||||
| Morgan Stanley Capital I Trust, |
||||||||
| 3.587%, 12/15/50 |
250 | 245 | ||||||
| Tharaldson Hotel Portfolio Trust, Ser 2018-THL, Cl A |
||||||||
| 2.871%, VAR LIBOR USD 1 Month+0.750%, 11/11/34 (A) |
313 | 313 | ||||||
| UBS Commercial Mortgage Trust, Ser 2018-C8, Cl A4 |
||||||||
| 3.983%, 02/15/51 |
300 | 302 | ||||||
| Wells Fargo Commercial Mortgage Trust, Ser 2015-C28, Cl A4 |
||||||||
| 3.540%, 05/15/48 |
1,000 | 995 | ||||||
| Wells Fargo Commercial Mortgage Trust, Ser 2015-C31, Cl A4 |
||||||||
| 3.695%, 11/15/48 |
811 | 808 | ||||||
| Wells Fargo Commercial Mortgage Trust, Ser 2015-P2, Cl A4 |
||||||||
| 3.809%, 12/15/48 |
638 | 641 | ||||||
| Wells Fargo Commercial Mortgage Trust, Ser 2016-LC25, Cl A4 |
||||||||
| 3.640%, 12/15/59 |
693 | 684 | ||||||
| Wells Fargo Commercial Mortgage Trust, Ser C44, |
||||||||
| 4.212%, 05/15/51 |
911 | 931 | ||||||
| Wells Fargo Mortgage-Backed Securities Trust, Ser 2003-J, |
||||||||
| 4.722%, 10/25/33 (D) |
486 | 493 | ||||||
| Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR10, Cl 2A4 |
||||||||
| 4.213%, 05/01/35 (D) |
107 | 110 | ||||||
| WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl A3 |
||||||||
| 2.749%, 05/15/45 |
471 | 457 | ||||||
| WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A4 |
||||||||
| 3.073%, 06/15/46 |
696 | 684 | ||||||
| WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A5 |
||||||||
| 3.337%, 06/15/46 |
60 | 59 | ||||||
| WFRBS Commercial Mortgage Trust, Ser 2014-C25, Cl A5 |
||||||||
| 3.631%, 11/15/47 |
580 | 576 | ||||||
|
|
|
|||||||
|
|
33,707
|
| ||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
|
353,284
|
| |||||
|
|
|
|||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Loan Participations — 9.7% |
||||||||
| Aerospace/Defense – 0.1% |
||||||||
| Accudyne Industries Borrower S.C.A. / Accudyne Industries, LLC (fka Silver II US Holdings, LLC), Initial Term Loan, 1st Lien |
||||||||
| 5.242%, VAR LIBOR+3.250%, 08/18/24 |
$ | 1,056 | $ | 1,059 | ||||
|
|
|
|||||||
| Airlines – 0.1% |
||||||||
| American Airlines, Inc., 2018 Replacement Term Loan |
||||||||
| 3.980%, VAR LIBOR+1.750%, 06/27/25 |
1,242 | 1,218 | ||||||
|
|
|
|||||||
| Automotive – 0.2% |
||||||||
| Altra Industrial Motion Term Loan B, 1st Lien |
||||||||
| 0.000%, 09/26/25 (F) |
1,000 | 1,001 | ||||||
| Chassix Inc., Term Loan B |
||||||||
| 9.500%, 11/15/23 |
1 | 1 | ||||||
| 7.813%, 11/15/23 |
245 | 245 | ||||||
| Chassix Inc., Term Loan B, 1st Lien |
||||||||
| 8.000%, 11/15/23 |
251 | 251 | ||||||
| Dayco Products, LLC , Term Loan, 1st Lien |
||||||||
| 6.563%, VAR LIBOR+4.250%, 05/08/23 |
686 | 689 | ||||||
| Garrett LX III S.à r.l., Term Loan B, 1st Lien |
||||||||
| 0.000%, 09/19/25 (F) |
750 | 750 | ||||||
| Horizon Global, 1st Lien |
||||||||
| 8.076%, 03/30/21 (D) |
235 | 228 | ||||||
| TI Group Automotive Systems, LLC, Initial US Term Loan |
||||||||
| 4.576%, VAR LIBOR+2.500%, 06/30/22 |
1,003 | 1,004 | ||||||
|
|
|
|||||||
|
|
4,169
|
| ||||||
|
|
|
|||||||
| Building Materials – 0.2% |
||||||||
| American Builders & Contractors Supply Co., Inc., Term B-2 Loan, 1st Lien |
||||||||
| 4.242%, VAR LIBOR+2.000%, 10/31/23 |
1,108 | 1,105 | ||||||
| Beacon Roofing Supply, Inc., Initial Term Loan, 1st Lien |
||||||||
| 4.383%, VAR LIBOR+2.250%, 01/02/25 |
1,247 | 1,243 | ||||||
| PGT Innovations, Inc. (fka PGT, Inc.), Initial Term Loan, 1st Lien |
||||||||
| 5.669%, VAR LIBOR+3.500%, 02/16/22 |
50 | 50 | ||||||
| 5.658%, VAR LIBOR+3.500%, 02/16/22 |
6 | 7 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Priso Acquisition (aka PrimeSource Building Products), Term B Loan, 1st Lien |
||||||||
| 5.076%, VAR LIBOR+3.000%, 05/08/22 |
$ | 716 | $ | 721 | ||||
|
|
|
|||||||
|
|
3,126
|
| ||||||
|
|
|
|||||||
| Cable/Wireless Video – 0.1% |
||||||||
| Charter Communications Operating, LLC (aka CCO Safari LLC), Term B Loan, 1st Lien |
||||||||
| 4.250%, VAR LIBOR+2.000%, 04/30/25 |
1,426 | 1,428 | ||||||
|
|
|
|||||||
| Chemicals – 1.2% |
||||||||
| Allnex (Luxembourg) & Cy S.C.A. (f/k/a AI Chem & Cy S.C.A.), Tranche B-2 Term Loan, 1st Lien |
||||||||
| 5.567%, VAR LIBOR+3.250%, 09/13/23 |
699 | 702 | ||||||
| 5.323%, 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 |
||||||||
| 5.567%, VAR LIBOR+3.250%, 06/02/23 |
527 | 529 | ||||||
| 5.323%, VAR LIBOR+3.250%, 06/02/23 |
1 | 1 | ||||||
| Archroma Finance S.a r.l., Facility B2, 1st Lien |
||||||||
| 6.583%, VAR LIBOR+4.250%, 08/12/24 |
600 | 599 | ||||||
| 6.513%, VAR LIBOR+4.250%, 08/12/24 |
2 | 2 | ||||||
| Ascend Performance Materials Operations LLC, Term B Loan, 1st Lien |
||||||||
| 7.584%, VAR LIBOR+5.250%, 08/12/22 |
494 | 495 | ||||||
| ASP Chromaflo Intermediate Holdings, Inc., Initial Tranche B-1 Term Loan |
||||||||
| 5.742%, VAR LIBOR+3.500%, 11/20/23 |
401 | 403 | ||||||
| ASP Chromaflo Intermediate Holdings, Inc., Initial Tranche B-2 Term Loan |
||||||||
| 5.742%, VAR LIBOR+3.500%, 11/20/23 |
521 | 525 | ||||||
| Ferro Corp. |
||||||||
| 4.636%, 02/14/24 (D) |
773 | 775 | ||||||
| Flint Group, Term Loan, |
||||||||
| 5.342%, 09/07/21 (D) |
739 | 706 | ||||||
| H.B. Fuller Company, Commitment, 1st Lien |
||||||||
| 4.165%, VAR LIBOR+2.000%, 10/20/24 |
833 | 832 | ||||||
| INEOS Styrolution US Holdings, Term Loan, 1st Lien |
||||||||
| 4.386%, 03/29/24 (D) |
473 | 472 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Ineos US Finance LLC, New 2024 Dollar Term Loan |
||||||||
| 4.242%, VAR LIBOR+2.000%, 04/01/24 |
$ | 746 | $ | 747 | ||||
| Klockner Pentaplast of America, Inc. (fka Kleopatra Acquisition Corp), Dollar Term Loan, 1st Lien |
||||||||
| 6.326%, VAR LIBOR+4.250%, 06/30/22 |
696 | 676 | ||||||
| OCI Beaumont, LLC, Term Loan B, 1st Lien |
||||||||
| 6.334%, 02/14/25 |
499 | 505 | ||||||
| Orion Engineered Carbons GmbH, Initial Dollar Term Loan |
||||||||
| 4.334%, VAR LIBOR+2.000%, 07/25/24 |
1,361 | 1,359 | ||||||
| PMHC II, Inc., Initial Term Loan |
||||||||
| 6.001%, 03/31/25 |
292 | 284 | ||||||
| 5.834%, 03/21/25 |
458 | 445 | ||||||
| PQ Corporation, Third Amendment Tranche B-1 Term Loan |
||||||||
| 4.742%, 02/08/25 (D) |
1,000 | 1,001 | ||||||
| Pregis Holding I Corporation, Term Loan |
||||||||
| 5.834%, VAR LIBOR+3.500%, 05/20/21 |
630 | 624 | ||||||
| 5.193%, VAR LIBOR+3.500%, 05/20/21 |
108 | 107 | ||||||
| Ravago Holdings America, Term Loan, 2nd Lien |
||||||||
| 5.000%, VAR LIBOR+2.750%, 07/13/23 |
662 | 663 | ||||||
| Reynolds Group Holdings Inc., Incremental U.S. Term Loan |
||||||||
| 4.992%, VAR LIBOR+2.750%, 02/05/23 |
464 | 466 | ||||||
| Reynolds Group Holdings Incremental US Term Loans |
||||||||
| 4.992%, VAR LIBOR+2.750%, 02/05/23 |
781 | 784 | ||||||
| Ring Container Technologies Group, LLC, Initial Term Loan |
||||||||
| 4.992%, VAR LIBOR+2.750%, 10/31/24 |
746 | 747 | ||||||
| SI Group, Term Loan, 1st Lien |
||||||||
| 0.000%, 08/17/25 (F) |
850 | 852 | ||||||
| Spectrum Holdings III Corp., Closing Date Term Loan, 1st Lien |
||||||||
| 5.326%, VAR LIBOR+3.250%, 01/24/25 |
454 | 450 | ||||||
| Spectrum Holdings III Corp., Closing Date Term Loan, 2nd Lien |
||||||||
| 9.076%, VAR LIBOR+7.000%, 01/26/26 |
500 | 493 | ||||||
| Tricorbraun Holdings, Closing Date Term Loan |
||||||||
| 6.084%, 11/30/23 (D) |
761 | 764 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Tricorbraun Holdings, Delayed Draw Term Loan, 1st Lien |
||||||||
| 6.103%, VAR LIBOR+3.750%, 11/30/23 |
$ | 76 | $ | 77 | ||||
| Tricorbraun Holdings, Inc., Delayed Draw Term Loan |
||||||||
| 7.750%, VAR LIBOR+3.750%, 11/30/23 |
— | — | ||||||
| Tronox Blocked Borrower LLC, Blocked Dollar Term Loan |
||||||||
| 5.242%, VAR LIBOR+3.000%, 09/23/24 |
451 | 453 | ||||||
| Tronox Finance LLC, Initial Dollar Term Loan |
||||||||
| 5.242%, VAR LIBOR+3.000%, 09/23/24 |
1,041 | 1,045 | ||||||
| U.S. Farathane, LLC, Term B-4 Loan, 1st Lien |
||||||||
| 5.834%, VAR LIBOR+3.500%, 12/31/21 |
952 | 955 | ||||||
| Univar USA Inc., Term B-3 Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.500%, 07/01/24 |
524 | 525 | ||||||
| Vantage Specialty Chemicals, Inc., Closing Date Term Loan, 1st Lien |
||||||||
| 6.313%, 10/28/24 |
370 | 371 | ||||||
| 6.242%, VAR LIBOR+4.000%, 10/28/24 |
625 | 627 | ||||||
| Vantage Specialty Chemicals, Inc., Initial Loan |
||||||||
| 10.592%, VAR LIBOR+8.250%, 10/20/25 |
205 | 205 | ||||||
| Wilsonart LLC, Tranche D Term Loan, 1st Lien |
||||||||
| 5.640%, VAR LIBOR+3.250%, 12/19/23 |
495 | 497 | ||||||
|
|
|
|||||||
|
|
21,765
|
| ||||||
|
|
|
|||||||
| Commercial Services – 0.1% |
|
|||||||
| L&W Inc., Term Loan, 1st Lien |
||||||||
| 6.212%, 05/17/25 (D) |
583 | 588 | ||||||
| Newport Group Inc., Term Loan, 1st Lien |
||||||||
| 0.000%, 08/08/25 (F) |
194 | 194 | ||||||
| Safe Fleet Holdings LLC, Initial Term Loan |
||||||||
| 5.110%, VAR LIBOR+3.000%, 02/03/25 |
748 | 740 | ||||||
|
|
|
|||||||
|
|
1,522
|
| ||||||
|
|
|
|||||||
| Communication Services – 0.5% |
|
|||||||
| Altice Financing S.A., March 2017 Refinancing Term Loan |
||||||||
| 4.908%, VAR LIBOR+2.750%, 07/15/25 |
2 | 2 | ||||||
| Ciena, Refinancing Term Loan, 1st Lien |
||||||||
| 4.665%, VAR LIBOR+2.500%, 01/26/22 |
987 | 987 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| CPI International, Initial Term Loan, 1st Lien |
||||||||
| 9.326%, 07/25/25 (D) |
$ | 313 | $ | 309 | ||||
| Digicel International Finance Limited, Initial Term B Loan |
||||||||
| 5.610%, VAR LIBOR+3.250%, 05/27/24 |
3 | 3 | ||||||
| Flint Acquisition Company, Inc 12/29/2023 Lien 1 |
||||||||
| 5.201%, 09/07/21 (D) |
2 | 2 | ||||||
| Level 3 Financing, Inc., Tranche B 2024 Term Loan |
||||||||
| 4.494%, VAR LIBOR+2.250%, 02/22/24 |
1,670 | 1,674 | ||||||
| MTN Infrastructure TopCo, Inc., Initial Term Loan, 1st Lien |
||||||||
| 5.242%, VAR LIBOR+3.000%, 11/15/24 |
854 | 856 | ||||||
| SBA Senior Finance II LLC, Initial Term Loan, 1st Lien |
||||||||
| 4.250%, VAR LIBOR+2.000%, 04/11/25 |
1,221 | 1,222 | ||||||
| Sprint Communications, Initial Term Loan |
||||||||
| 4.750%, VAR LIBOR+2.500%, 02/02/24 |
1,782 | 1,787 | ||||||
| TVC Albany, Inc., Term Loan, 1st Lien |
||||||||
| 9.840%, 06/19/26 |
306 | 303 | ||||||
| 5.840%, 07/23/25 |
621 | 619 | ||||||
| Zayo Group LLC (Zayo Capital, Inc.), 2017 Incremental Refinancing B-2 Term Facility |
||||||||
| 4.492%, VAR LIBOR+2.250%, 01/19/24 |
1,226 | 1,231 | ||||||
|
|
|
|||||||
|
|
8,995
|
| ||||||
|
|
|
|||||||
| Computers & Electronics – 1.3% |
|
|||||||
| Advanced Computer, Term Loan B, 1st Lien |
||||||||
| 6.883%, 05/31/24 |
712 | 716 | ||||||
| Applied Systems, Inc., Initial Term Loan |
||||||||
| 5.386%, VAR LIBOR+3.000%, 09/19/24 |
993 | 997 | ||||||
| Brooks Automation, Term Loan B, 1st Lien |
||||||||
| 4.850%, 10/04/24 (D) |
1,493 | 1,494 | ||||||
| Campaign Monitor Finance Pty Limited (CM Delaware LLC), Term Loan, 1st Lien |
||||||||
| 7.584%, VAR LIBOR+5.250%, 03/18/21 |
47 | 45 | ||||||
| CPI International, Inc., Initial Term Loan |
||||||||
| 5.576%, VAR LIBOR+3.500%, 07/26/24 |
364 | 364 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.), Initial Term Loan |
||||||||
| 5.250%, VAR LIBOR+3.000%, 04/29/24 |
$ | 743 | $ | 746 | ||||
| Dell International L.L.C. (EMC Corporation), Refinancing Term B Loan |
||||||||
| 4.250%, VAR LIBOR+2.000%, 09/07/23 |
997 | 999 | ||||||
| Dell International L.L.C. (EMC Corporation), Replacement Term A-2 Loan |
||||||||
| 4.000%, VAR LIBOR+1.750%, 09/07/21 |
463 | 463 | ||||||
| Epicor Software Corporation (fka Eagle Parent Inc.), Term B Loan, 1st Lien |
||||||||
| 5.500%, VAR LIBOR+3.250%, 06/01/22 |
1,240 | 1,245 | ||||||
| EXC Holdings III Corp., Initial USD Term Loan |
||||||||
| 5.886%, VAR LIBOR+3.500%, 11/15/24 |
995 | 1,001 | ||||||
| EZE Software Group LLC, New Loan, 1st Lien |
||||||||
| 8.576%, VAR LIBOR+6.500%, 04/05/21 |
450 | 451 | ||||||
| Go Daddy Operating Company, LLC (GD Finance Co, Inc.), Tranche B-1 Term Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.250%, 02/15/24 |
989 | 993 | ||||||
| Infor (US), Inc. (fka Lawson Software Inc.) , Tranche B-6 Term Loan |
||||||||
| 4.826%, VAR LIBOR+2.750%, 02/01/22 |
1,180 | 1,183 | ||||||
| Kronos Incorporated, Incremental Term Loan, 1st Lien |
||||||||
| 5.343%, VAR LIBOR+3.000%, 11/01/23 |
1,534 | 1,541 | ||||||
| MA Financeco., LLC, Tranche B-2 Term Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.500%, 11/19/21 |
194 | 193 | ||||||
| MA Financeco., LLC, Tranche B-3 Term Loan |
||||||||
| 4.742%, 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 |
||||||||
| 4.326%, VAR LIBOR+2.250%, 05/07/24 |
1,073 | 1,045 | ||||||
| Micro Holdings (Internet Brands), Term Loan, 2nd Lien |
||||||||
| 9.665%, VAR LIBOR+7.500%, 08/15/25 |
244 | 246 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Microchip Technology Incorporated, Initial Term Loan, 1st Lien |
||||||||
| 4.250%, VAR LIBOR+2.000%, 05/23/25 |
$ | 627 | $ | 627 | ||||
| Misys Limited, Dollar Term Loan |
||||||||
| 5.886%, VAR LIBOR+3.500%, 06/13/24 |
636 | 637 | ||||||
| Misys Limited, Dollar Term Loan, 2nd Lien |
||||||||
| 9.326%, VAR LIBOR+7.250%, 04/28/25 |
208 | 206 | ||||||
| Oberthur Technologies Holding S.A.S. (fka OT Frenchco 1 SAS), Facility B1 (USD), 1st Lien |
||||||||
| 5.992%, VAR LIBOR+3.750%, 01/10/24 |
626 | 629 | ||||||
| Project Ruby Ultimate Parent Corp., New Term Loan |
||||||||
| 5.576%, VAR LIBOR+3.500%, 02/09/24 |
1,580 | 1,582 | ||||||
| Seattle SpinCo, Inc., Initial Term Loan, 1st Lien |
||||||||
| 4.742%, VAR LIBOR+2.750%, 06/21/24 |
862 | 859 | ||||||
| Solera, LLC (Solera Finance, Inc.), Dollar Term Loan, 1st Lien |
||||||||
| 4.992%, VAR LIBOR+2.750%, 03/03/23 |
739 | 740 | ||||||
| Spectrum Brands, 2017 Refinanced USD Term Loan |
||||||||
| 4.350%, VAR LIBOR+2.000%, 06/23/22 |
240 | 241 | ||||||
| 4.170%, VAR LIBOR+2.000%, 06/23/22 |
3 | 3 | ||||||
| Spectrum Brands, Inc., 2017 Refinanced USD Term Loan |
||||||||
| 4.350%, VAR LIBOR+2.000%, 06/23/22 |
320 | 322 | ||||||
| 4.340%, VAR LIBOR+2.000%, 06/23/22 |
60 | 60 | ||||||
| Spectrum Brands, Inc., 2017 Refinanced USD Term Loan, 1st Lien |
||||||||
| 0.044%, 06/23/22 |
365 | 367 | ||||||
| SS&C Technologies Holdings, Inc., Term B-3 Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.500%, 04/16/25 |
1,178 | 1,179 | ||||||
| SS&C Technologies Holdings, Inc., Term B-4 Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.500%, 04/16/25 |
458 | 458 | ||||||
| TeamViewer, Term Loan B, 1st Lien |
||||||||
| 7.084%, 02/22/24 |
496 | 496 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Vertiv Group Corporation (fka Cortes NP Acquisition Corporation), Term B Loan, 1st Lien |
||||||||
| 6.313%, VAR LIBOR+4.000%, 11/30/23 |
$ | 703 | $ | 705 | ||||
| Wall Street Systems Delaware, Inc., Initial Dollar Term Loan |
||||||||
| 5.076%, VAR LIBOR+3.000%, 11/21/24 |
623 | 627 | ||||||
|
|
|
|||||||
|
|
23,587
|
| ||||||
|
|
|
|||||||
| Construction – 0.1% |
|
|||||||
| Brand Energy & Infrastructure Services, Inc. (fka FR Brand Acquisition Corp), Initial Term Loan, 1st Lien |
||||||||
| 6.597%, VAR LIBOR+4.250%, 06/14/24 |
1,033 | 1,039 | ||||||
| 6.597%, VAR LIBOR+4.250%, 06/21/24 |
199 | 201 | ||||||
| 6.584%, VAR LIBOR+4.250%, 06/21/24 |
6 | 6 | ||||||
| Pike Corporation, Initial Term Loan (2018) |
||||||||
| 5.750%, VAR LIBOR+3.500%, 03/23/25 |
713 | 718 | ||||||
|
|
|
|||||||
|
|
1,964
|
| ||||||
|
|
|
|||||||
| Consumer Nondurables – 0.1% |
|
|||||||
| Acuity Specialty Products, Inc., Initial Term Loan |
||||||||
| 6.334%, VAR LIBOR+4.000%, 08/12/24 |
988 | 938 | ||||||
| Plaze, Inc., Term Loan, 1st Lien |
||||||||
| 5.837%, VAR LIBOR+3.500%, 07/31/22 |
30 | 30 | ||||||
| 5.834%, VAR LIBOR+3.500%, 07/31/22 |
347 | 348 | ||||||
| 5.834%, VAR LIBOR+3.500%, 07/31/22 |
110 | 111 | ||||||
|
|
|
|||||||
|
|
1,427
|
| ||||||
|
|
|
|||||||
| Educational Services – 0.1% |
|
|||||||
| Adtalem Global, Term Loan B, 1st Lien |
||||||||
| 5.242%, 04/09/25 (D) |
245 | 247 | ||||||
| Prometric Holdings Inc. (fka ETS Holdings Inc.), Initial Term Loan |
||||||||
| 5.250%, VAR LIBOR+3.000%, 01/17/25 |
748 | 748 | ||||||
|
|
|
|||||||
|
|
995
|
| ||||||
|
|
|
|||||||
| Entertainment & Leisure – 0.3% |
|
|||||||
| Alterra Mountain Company, Term Loan B, 1st Lien |
||||||||
| 0.000%, 07/31/24 (F) |
250 | 250 | ||||||
| AMC Entertainment Holdings, Inc. |
||||||||
| 4.384%, VAR LIBOR+2.250%, 12/15/22 |
1,826 | 1,824 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Crown Finance US, Inc., Initial Dollar Tranche Term Loan |
||||||||
| 4.742%, VAR LIBOR+2.500%, 02/28/25 |
$ | 998 | $ | 996 | ||||
| Intrawest Resorts Holdings, Inc., Initial Bluebird Term Loan |
||||||||
| 5.242%, VAR LIBOR+3.000%, 07/31/24 |
995 | 996 | ||||||
| Stars Group Holdings, Term Loan, 1st Lien |
||||||||
| 5.886%, 06/27/25 |
1,107 | 1,117 | ||||||
|
|
|
|||||||
| |
5,183 |
| ||||||
|
|
|
|||||||
| Entertainment Content – 0.0% |
||||||||
| MGM, Term Loan, 1st Lien |
434 | 435 | ||||||
| MGM, Term Loan, 2nd Lien |
276 | 277 | ||||||
|
|
|
|||||||
| |
712 |
| ||||||
|
|
|
|||||||
| Environmental Services – 0.1% |
||||||||
| Strategic Materials Holding Corp., Initial Term Loan |
||||||||
| 10.094%, 10/31/25 |
500 | 455 | ||||||
| 6.094%, VAR LIBOR+3.750%, 11/01/24 |
746 | 711 | ||||||
|
|
|
|||||||
| |
1,166 |
| ||||||
|
|
|
|||||||
| Financial Services – 0.3% |
||||||||
| Altisource Solutions, Term Loan B, 1st Lien |
||||||||
| 6.386%, 03/29/24 (D) |
722 | 721 | ||||||
| Citco Funding LLC, 2017 Term Loan, 1st Lien |
||||||||
| 5.076%, VAR LIBOR+3.000%, 03/23/22 |
957 | 959 | ||||||
| CPI Acquisition, Inc., Term Loan, 1st Lien |
||||||||
| 6.839%, VAR LIBOR+4.500%, 08/17/22 |
300 | 199 | ||||||
| Fortress Investment, Term Loan B (2018) |
||||||||
| 4.076%, 12/27/22 (D) |
1,251 | 1,256 | ||||||
| Hudson River Trading, Term Loan B, 1st Lien |
||||||||
| 6.326%, 03/20/25 |
603 | 606 | ||||||
| Jefferies Finance LLC (JFIN Co- Issuer Corporation), Term Loan, 1st Lien |
||||||||
| 4.875%, VAR LIBOR+2.500%, 07/26/24 |
744 | 745 | ||||||
| Liquidnet Holdings Inc., Term Loan, 1st Lien |
||||||||
| 5.826%, 07/15/24 |
731 | 732 | ||||||
| Walter Investment Management, Tranche B Term Loan, 1st Lien |
||||||||
| 8.242%, VAR LIBOR+6.000%, 06/30/22 |
499 | 471 | ||||||
|
|
|
|||||||
| |
5,689 |
| ||||||
|
|
|
|||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Food & Beverage – 0.1% |
||||||||
| Constellation/Arterra Wines, Cov- Lite Term Loan |
||||||||
| 5.088%, 12/15/23 (D) |
$ | 493 | $ | 494 | ||||
| JBS USA Lux S.A. (fka JBS USA, LLC), Initial Term Loan, 1st Lien |
||||||||
| 4.837%, VAR LIBOR+2.500%, 10/30/22 |
593 | 594 | ||||||
| 4.834%, VAR LIBOR+2.500%, 10/30/22 |
105 | 105 | ||||||
| US Foods (aka U.S. Foodservice), Initial Term Loan, 1st Lien |
||||||||
| 4.242%, VAR LIBOR+2.500%, 06/27/23 |
875 | 878 | ||||||
|
|
|
|||||||
| |
2,071 |
| ||||||
|
|
|
|||||||
| Forest Products – 0.0% |
||||||||
| ProAmpac PG Borrower LLC, Initial Term Loan |
||||||||
| 10.810%, VAR LIBOR+8.500%, 11/18/24 |
225 | 225 | ||||||
| 7.500%, 11/17/23 |
1 | 1 | ||||||
| 5.843%, VAR LIBOR+3.500%, 11/17/23 |
34 | 34 | ||||||
| 5.843%, VAR LIBOR+3.500%, 11/17/23 |
80 | 80 | ||||||
| 5.841%, VAR LIBOR+3.500%, 11/17/23 |
89 | 89 | ||||||
| 5.810%, VAR LIBOR+3.500%, 11/17/23 |
110 | 111 | ||||||
| 5.682%, 11/17/23 |
178 | 179 | ||||||
|
|
|
|||||||
| |
719 |
| ||||||
|
|
|
|||||||
| Gaming & Hotels – 0.4% |
||||||||
| Belmond Interfin Ltd., Term Loan B, 1st Lien |
||||||||
| 4.992%, 07/03/24 (D) |
990 | 990 | ||||||
| CBAC Borrower, LLC, Term B |
||||||||
| 6.242%, VAR LIBOR+4.000%, 07/08/24 |
505 | 506 | ||||||
| Golden Nugget, Inc., Initial B |
||||||||
| 4.992%, VAR LIBOR+2.750%, 10/04/23 |
903 | 906 | ||||||
| 4.898%, VAR LIBOR+2.750%, 10/04/23 |
301 | 301 | ||||||
| Hanjin International Corp., Initial Term Loan, 1st Lien |
||||||||
| 4.833%, VAR LIBOR+2.500%, 09/20/20 |
1,000 | 999 | ||||||
| K-Mac Holdings Corp., Initial Term Loan |
||||||||
| 8.915%, VAR LIBOR+6.750%, 03/09/26 |
296 | 298 | ||||||
| Las Vegas Sands, LLC, Refinancing Term Loan |
||||||||
| 3.992%, 03/27/25 (D) |
1,000 | 999 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| MGM Growth Properties Operating Partnership LP, Term B Loan, 1st Lien |
||||||||
| 4.242%, VAR LIBOR+2.000%, 04/25/23 |
$ | 764 | $ | 765 | ||||
| Playa Resorts Holding B.V., Initial |
||||||||
| 4.990%, VAR LIBOR+2.750%, 04/05/24 |
995 | 987 | ||||||
| Stars Group Holdings B.V., USD |
||||||||
| 5.831%, 06/27/25 |
83 | 84 | ||||||
|
|
|
|||||||
| |
6,835 |
| ||||||
|
|
|
|||||||
| Health Care – 0.4% |
||||||||
| Endo Luxembourg Finance |
||||||||
| 6.375%, VAR LIBOR+4.250%, 04/29/24 |
884 | 889 | ||||||
| Onex Carestream Finance LP, Term Loan (First Lien 2013), 1st Lien |
||||||||
| 6.076%, VAR LIBOR+4.000%, 06/07/19 |
152 | 152 | ||||||
| Prospect Medical Holdings, Term Loan B, 1st Lien |
||||||||
| 7.625%, 02/16/24 |
1,496 | 1,515 | ||||||
| Sterigenics-Nordion Holdings, LLC, Incremental Term Loan, 1st Lien |
||||||||
| 5.242%, VAR LIBOR+3.000%, 05/15/22 |
495 | 495 | ||||||
| Surgery Center Holdings, Initial Term Loan, 1st Lien |
||||||||
| 5.570%, VAR LIBOR+3.250%, 09/02/24 |
375 | 375 | ||||||
| Tecostar Holdings, Inc., 2017 Term Loan |
||||||||
| 7.500%, VAR LIBOR+3.500%, 05/01/24 |
2 | 2 | ||||||
| 5.620%, VAR LIBOR+3.500%, 05/01/24 |
796 | 798 | ||||||
| Valeant Pharmaceuticals International, Inc., Initial Term Loan, 1st Lien |
||||||||
| 5.104%, VAR LIBOR+3.000%, 06/02/25 |
1,227 | 1,233 | ||||||
| Western Dental Services 6.576%, 06/23/23 (D) |
1,202 | 1,205 | ||||||
|
|
|
|||||||
| |
6,664 |
| ||||||
|
|
|
|||||||
| Home Furnishings – 0.1% |
||||||||
| Comfort Holding, LLC, Initial Term Loan |
||||||||
| 12.076%, VAR LIBOR+10.000%, 01/31/25 |
292 | 281 | ||||||
| 6.826%, VAR LIBOR+4.750%, 02/05/24 |
346 | 333 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Serta Simmons Bedding, LLC, |
||||||||
| 5.633%, VAR LIBOR+3.500%, 10/20/23 |
$ | 232 | $ | 209 | ||||
| 5.604%, VAR LIBOR+3.500%, 10/20/23 |
828 | 747 | ||||||
|
|
|
|||||||
| |
1,570 |
| ||||||
|
|
|
|||||||
| Home Products Store – 0.0% |
||||||||
| Foundation Building Materials, Term Loan B, 1st Lien |
||||||||
| 5.398%, 05/09/25 |
759 | 763 | ||||||
|
|
|
|||||||
| Industrial Services – 0.0% |
||||||||
| SiteOne Landscape, Term Loan, 1st Lien |
||||||||
| 4.890%, 10/24/29 |
784 | 786 | ||||||
|
|
|
|||||||
| Information Technology – 0.1% |
||||||||
| Ciena Corporations, Term Loan B (2018) |
||||||||
| 0.000%, 09/19/25 (F) |
402 | 404 | ||||||
| Laird PLC, Term Loan, 1st Lien 7.020%, 05/02/25 |
952 | 955 | ||||||
|
|
|
|||||||
| |
1,359 |
| ||||||
|
|
|
|||||||
| Insurance – 0.4% |
||||||||
| Acrisure, LLC, 2017-2 Refinancing Term Loan |
||||||||
| 6.592%, VAR LIBOR+4.250%, 11/22/23 |
1,080 | 1,083 | ||||||
| Acrisure, Term Loan B, 1st Lien 5.992%, 11/22/23 |
500 | 501 | ||||||
| Alera Group Intermediate Holdings, Inc., Term B Loan, 1st Lien |
||||||||
| 6.576%, 07/25/25 |
202 | 204 | ||||||
| Alliant Holdings Intermediate, LLC, Initial Term Loan (2018) |
||||||||
| 5.148%, VAR LIBOR+3.000%, 05/09/25 |
1,409 | 1,413 | ||||||
| Hub International Limited, Initial Term Loan, 1st Lien |
||||||||
| 5.335%, 04/25/25 |
998 | 999 | ||||||
| Hub International, Ltd., Cov-Lite, Term Loan B, 1st Lien |
||||||||
| 5.335%, 04/25/25 (D) |
3 | 3 | ||||||
| Hyperion Insurance, Term Loan B, 1st Lien |
||||||||
| 5.625%, 12/13/24 |
978 | 984 | ||||||
| NFP Corp., Term B Loan, 1st Lien 5.242%, VAR LIBOR+3.000%, 01/08/24 |
1,202 | 1,201 | ||||||
| Sedgwick Cms Holdings, 4.992%, VAR LIBOR+2.750%, 03/01/21 |
1,147 | 1,147 | ||||||
|
|
|
|||||||
| |
7,535 |
| ||||||
|
|
|
|||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Investment Company – 0.0% |
||||||||
| EIG Management, Term Loan B, |
||||||||
| 6.060%, 01/31/25 |
$ | 449 | $ | 452 | ||||
| StepStone Group, Term Loan B, |
||||||||
| 6.075%, 03/14/25 |
483 | 485 | ||||||
|
|
|
|||||||
| |
937 |
| ||||||
|
|
|
|||||||
| Leasing – 0.1% |
||||||||
| Avolon, Term Loan B, 1st Lien |
||||||||
| 4.165%, VAR LIBOR+2.000%, 01/15/25 |
1,381 | 1,385 | ||||||
| Fly Funding II S.à r.l., Loan, 1st Lien |
||||||||
| 4.340%, VAR LIBOR+2.000%, 02/09/23 |
672 | 672 | ||||||
| USS Ultimate Holdings, Inc., Initial Term Loan |
||||||||
| 5.992%, VAR LIBOR+3.750%, 08/09/24 |
365 | 368 | ||||||
|
|
|
|||||||
| |
2,425 |
| ||||||
|
|
|
|||||||
| Machinery – 0.3% |
||||||||
| Airxcel, Inc., Initial Term Loan |
||||||||
| 6.576%, VAR LIBOR+4.500%, 04/25/25 |
750 | 744 | ||||||
| Airxcel, Inc., Term Loan B, 2nd Lien |
||||||||
| 10.826%, 04/27/26 |
500 | 480 | ||||||
| Blount International, Inc., Refinancing Term Loan, 1st Lien |
||||||||
| 6.354%, VAR LIBOR+4.250%, 04/12/23 |
498 | 499 | ||||||
| Clark Equipment Company, Repriced Term Loan, 1st Lien |
||||||||
| 4.386%, VAR LIBOR+2.000%, 05/18/24 |
942 | 943 | ||||||
| Douglas Dynamics, Initial Term Loan, 1st Lien |
||||||||
| 5.080%, 12/31/21 (D) |
398 | 398 | ||||||
| Graftech International Ltd., Initial Term Loan, 1st Lien |
||||||||
| 5.742%, VAR LIBOR+3.500%, 02/12/25 |
1,250 | 1,258 | ||||||
| Hayward Industries, Inc., Initial Term Loan, 1st Lien |
||||||||
| 5.576%, VAR LIBOR+3.500%, 08/05/24 |
499 | 502 | ||||||
|
|
|
|||||||
| |
4,824 |
| ||||||
|
|
|
|||||||
| Manufacturing – 0.1% |
||||||||
| Allflex 7/13, Term Loan |
||||||||
| 5.586%, 06/05/20 |
521 | 522 | ||||||
| Aristocrat Leisure Limited, Term B- 3 Loan, 1st Lien |
||||||||
| 4.105%, VAR LIBOR+1.750%, 10/19/24 |
453 | 452 | ||||||
| 4.098%, VAR LIBOR+1.750%, 10/19/24 |
— | — | ||||||
| 0.041%, 10/24/19 |
1 | 1 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| LTI Boyd Corporation, Term Loan B |
||||||||
| 5.724%, 09/06/25 |
$ | 670 | $ | 673 | ||||
| Pelican Products, Inc., Term Loan, 1st Lien |
||||||||
| 5.604%, VAR LIBOR+3.500%, 04/19/25 |
167 | 167 | ||||||
| Pelican Products, Inc., Term Loan, 2nd Lien |
||||||||
| 9.854%, 04/17/26 |
88 | 88 | ||||||
|
|
|
|||||||
| |
1,903 |
| ||||||
|
|
|
|||||||
| Materials – 0.1% |
||||||||
| Axalta Coating System Dutch Holdings, Term Loan |
||||||||
| 4.136%, VAR LIBOR+1.750%, 06/01/24 |
1,084 | 1,085 | ||||||
|
|
|
|||||||
| Media – 0.3% |
||||||||
| Altice Financing S.A., March 2017 Refinancing Term Loan |
||||||||
| 4.908%, 07/15/25 |
940 | 921 | ||||||
| CSC Holdings, LLC (fka CSC Holdings, Inc.), March 2017 Refinancing Term Loan |
||||||||
| 4.408%, VAR LIBOR+2.250%, 07/17/25 |
757 | 756 | ||||||
| EMI Music Publishing, Term Loan, 1st Lien |
||||||||
| 4.415%, 08/20/23 (D) |
1,319 | 1,319 | ||||||
| Numericable U.S. LLC, USD |
||||||||
| 5.846%, VAR LIBOR+3.000%, 01/31/26 |
1,491 | 1,472 | ||||||
| Technicolor S.A., First Incremental U.S. Term Loan, 1st Lien |
||||||||
| 5.067%, VAR LIBOR+2.750%, 12/06/23 |
493 | 469 | ||||||
| Ziggo Secured Finance Partnership, Term Loan E Facility, 1st Lien |
||||||||
| 4.658%, VAR LIBOR+2.500%, 04/15/25 |
750 | 736 | ||||||
|
|
|
|||||||
| |
5,673 |
| ||||||
|
|
|
|||||||
| Medical Devices – 0.0% |
||||||||
| MedPlast Holdings Inc., Term Loan, 1st Lien |
||||||||
| 6.087%, 06/26/25 |
224 | 227 | ||||||
| MedPlast Holdings Inc., Term Loan, 2nd Lien |
||||||||
| 10.087%, 06/26/26 |
122 | 123 | ||||||
|
|
|
|||||||
| |
350 |
| ||||||
|
|
|
|||||||
| Metals & Mining – 0.0% |
||||||||
| Dynacast International LLC, Term B-2 Loan, 1st Lien |
||||||||
| 5.636%, VAR LIBOR+3.250%, 01/28/22 |
494 | 495 | ||||||
|
|
|
|||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Metals/Minerals – 0.1% |
||||||||
| Atkore International, Inc., Term Loan (2016) |
||||||||
| 5.140%, VAR LIBOR+2.750%, 12/22/23 |
$ | 1,243 | $ | 1,248 | ||||
|
|
|
|||||||
| Oil & Gas – 0.3% |
||||||||
| BCP Raptor, LLC, Initial Term Loan, 1st Lien |
||||||||
| 6.492%, VAR LIBOR+4.250%, 06/24/24 |
468 | 460 | ||||||
| EG America, LLC, Term Loan, 2nd Lien |
||||||||
| 10.221%, 03/23/26 |
500 | 494 | ||||||
| EG Group Limited, Additional Facility Loan (USD) |
||||||||
| 6.334%, VAR LIBOR+4.000%, 02/07/25 |
1,160 | 1,161 | ||||||
| Limetree Bay Terminals, LLC (Limetree Bay Financing, LLC), Advance, 1st Lien |
||||||||
| 6.065%, VAR LIBOR+4.000%, 02/15/24 |
741 | 723 | ||||||
| Lucid Energy Group II Borrower, LLC, Initial Term Loan, 1st Lien |
||||||||
| 5.165%, VAR LIBOR+3.000%, 02/17/25 |
998 | 982 | ||||||
| Oryx Southern Delaware Holdings LLC, Initial Term Loan, 1st Lien |
||||||||
| 5.492%, VAR LIBOR+3.250%, 02/28/25 |
614 | 604 | ||||||
| Philadelphia Energy Solutions, Term Loan |
||||||||
| 5.682%, 12/31/22 |
548 | 477 | ||||||
| Seadrill Operating LP (Seadrill Partners Finco LLC), Initial Term Loan, 1st Lien |
||||||||
| 8.386%, VAR LIBOR+6.000%, 02/21/21 |
343 | 325 | ||||||
| Traverse Midstream Partners LLC, Advance, 1st Lien |
||||||||
| 6.340%, VAR LIBOR+4.000%, 09/27/24 |
278 | 280 | ||||||
|
|
|
|||||||
| |
5,506 |
| ||||||
|
|
|
|||||||
| Personal Services – 0.1% |
||||||||
| William Morris Endeavor |
||||||||
| 5.000%, VAR LIBOR+2.750%, 05/16/25 |
1,129 | 1,126 | ||||||
| 4.830%, VAR LIBOR+2.750%, 05/16/25 |
103 | 103 | ||||||
|
|
|
|||||||
| |
1,229 |
| ||||||
|
|
|
|||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Professional & Business Services – 0.7% |
|
|||||||
| Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan |
||||||||
| 5.826%, VAR LIBOR+3.750%, 07/28/22 |
$ | 490 | $ | 482 | ||||
| ASGN Incorporated (fka On Assignment, Inc.), Initial Term B-2 Loan |
||||||||
| 4.076%, VAR LIBOR+2.000%, 02/21/25 |
445 | 446 | ||||||
| Avantor, Inc., Initial Dollar Term Loan |
||||||||
| 6.076%, VAR LIBOR+4.000%, 11/21/24 |
995 | 1,007 | ||||||
| BCP Renaissance Parent L.L.C., Initial Term Loan, 1st Lien |
||||||||
| 5.842%, VAR LIBOR+3.500%, 10/31/24 |
717 | 721 | ||||||
| Casmar Holdings (Australia) Pty Limited, Initial Term Loan |
||||||||
| 5.500%, VAR LIBOR+4.500%, 12/08/23 |
492 | 463 | ||||||
| Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien |
||||||||
| 4.992%, VAR LIBOR+2.750%, 03/01/24 |
1,616 | 1,621 | ||||||
| Evertec, Term Loan A |
||||||||
| 4.658%, 01/20/17 (D) |
1,009 | 1,005 | ||||||
| Evertec, Term Loan A, 1st Lien |
||||||||
| 4.683%, 01/20/18 (D) |
22 | 22 | ||||||
| Explorer Holdings, Inc., Initial Term Loan, 1st Lien |
||||||||
| 6.084%, VAR LIBOR+3.750%, 04/12/23 |
250 | 251 | ||||||
| Flex Acquisition Company, Inc., Initial Term Loan, 1st Lien |
||||||||
| 5.337%, VAR LIBOR+3.000%, 12/29/23 |
1,485 | 1,483 | ||||||
| Focus Financial Partners, Term Loan, 1st Lien |
||||||||
| 4.742%, 07/03/24 |
883 | 887 | ||||||
| GHX Ultimate Parent Corporation, |
||||||||
| 5.584%, VAR LIBOR+3.000%, 06/21/24 |
746 | 748 | ||||||
| Inovalon Holdings, Inc., Term Loan, 1st Lien |
||||||||
| 5.625%, VAR LIBOR+3.500%, 04/02/25 |
750 | 749 | ||||||
| Lamar Media Corp., Term B Loan, 1st Lien |
||||||||
| 3.938%, VAR LIBOR+1.750%, 02/14/25 |
420 | 422 | ||||||
| WEX Inc., Term B-2 Loan, 1st Lien |
||||||||
| 4.326%, VAR LIBOR+2.250%, 06/30/23 |
1,491 | 1,495 | ||||||
|
|
|
|||||||
| |
11,802 |
| ||||||
|
|
|
|||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Real Estate – 0.2% |
||||||||
| Capital Automotive L.P., Initial Tranche B Term Loan |
||||||||
| 8.250%, VAR LIBOR+6.000%, 03/21/25 |
$ | 220 | $ | 224 | ||||
| Capital Automotive L.P., Initial Tranche B-2 Term Loan |
||||||||
| 4.750%, VAR LIBOR+2.500%, 03/21/24 |
1,489 | 1,491 | ||||||
| iStar Inc. (fka iStar Financial Inc.), Loan, 1st Lien |
||||||||
| 4.915%, VAR LIBOR+3.000%, 07/01/20 |
1,132 | 1,132 | ||||||
| RE/MAX, LLC (fka RE/MAX |
||||||||
| 4.992%, VAR LIBOR+2.750%, 12/15/23 |
491 | 492 | ||||||
| RHP Hotel Properties, LP, Tranche B Term Loan, 1st Lien |
||||||||
| 4.340%, VAR LIBOR+2.000%, 05/11/24 |
741 | 741 | ||||||
|
|
|
|||||||
| |
4,080 |
| ||||||
|
|
|
|||||||
| Recreation Facilities & Services – 0.1% |
|
|||||||
| Bulldog Purchaser Inc., Initial Term Loan |
||||||||
| 5.860%, 08/22/25 |
648 | 646 | ||||||
| Bulldog Purchaser Inc., Term Loan, 1st Lien |
||||||||
| 0.500%, 08/22/25 |
352 | 350 | ||||||
|
|
|
|||||||
| |
996 |
| ||||||
|
|
|
|||||||
| Restaurants – 0.1% |
||||||||
| Flynn Restaurant, Term Loan, 1st Lien |
||||||||
| 5.742%, 06/20/25 |
787 | 784 | ||||||
| Flynn Restaurant, Term Loan, 2nd Lien |
||||||||
| 9.104%, 06/22/26 |
532 | 526 | ||||||
| Miller’s Ale House, Term Loan, 1st Lien |
||||||||
| 6.826%, 05/26/25 |
750 | 741 | ||||||
|
|
|
|||||||
| |
2,051 |
| ||||||
|
|
|
|||||||
| Retailing – 0.2% |
||||||||
| 1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/Tim Hortons), Term B-3 Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.250%, 02/16/24 |
1,365 | 1,365 | ||||||
| Belron Finance US LLC, Initial Term B Loan, 1st Lien |
||||||||
| 4.843%, VAR LIBOR+2.500%, 11/07/24 |
995 | 1,000 | ||||||
| Mister Car Wash Holdings, Inc., Term Loan, 1st Lien |
||||||||
| 5.703%, VAR LIBOR+3.250%, 08/20/21 |
746 | 749 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Trugreen Limited Partnership, Initial Incremental Term Loan |
||||||||
| 6.131%, VAR LIBOR+4.000%, 04/13/23 |
$ | 491 | $ | 496 | ||||
|
|
|
|||||||
| |
3,610 |
| ||||||
|
|
|
|||||||
| Securities & Trusts – 0.2% |
||||||||
| AssuredPartners, Inc., 2017 September Refinancing Term Loan |
||||||||
| 5.326%, VAR LIBOR+3.250%, 10/22/24 |
744 | 746 | ||||||
| Compass Group Diversified Holdings LLC, Term Loan, 1st Lien |
||||||||
| 4.576%, VAR LIBOR+2.500%, 04/04/25 |
643 | 646 | ||||||
| Lions Gate Capital Holdings LLC, Term B Loan, 1st Lien |
||||||||
| 4.492%, VAR LIBOR+2.250%, 03/24/25 |
748 | 749 | ||||||
| RPI Finance Trust, Initial Term Loan B-6, 1st Lien |
||||||||
| 4.386%, VAR LIBOR+2.000%, 03/27/23 |
724 | 726 | ||||||
|
|
|
|||||||
| |
2,867 |
| ||||||
|
|
|
|||||||
| Semiconductor Equipment – 0.1% |
||||||||
| Cohu, Inc., Term Loan B, 1st Lien |
||||||||
| 0.000%, 09/19/25 (F) |
1,167 | 1,167 | ||||||
|
|
|
|||||||
| Shipping & Ship Building – 0.2% |
||||||||
| AI Mistral Holdco Limited, Initial Term Loan |
||||||||
| 5.076%, VAR LIBOR+3.000%, 01/17/24 |
741 | 739 | ||||||
| Hornblower Sub, LLC, Term Loan, 1st Lien |
||||||||
| 6.886%, 03/28/25 (D) |
552 | 553 | ||||||
| International Seaways Operating Corporation, Term Loan, 1st Lien |
||||||||
| 8.080%, VAR LIBOR+5.500%, 05/30/22 |
600 | 600 | ||||||
| Navios Maritime Partners L.P (Navios Partners Finance (US) Inc.), Initial Term Loan, 1st Lien |
||||||||
| 7.340%, VAR LIBOR+5.000%, 09/14/20 |
938 | 937 | ||||||
|
|
|
|||||||
| |
2,829 |
| ||||||
|
|
|
|||||||
| Steel – 0.1% |
||||||||
| Zekelman Industries (fka JMC Steel Group), Term Loan, 1st Lien |
||||||||
| 4.623%, VAR LIBOR+2.250%, 06/14/21 |
1,328 | 1,328 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors – 0.0% |
|
|||||||
| SouthernCarlson Inc., Term Loan |
||||||||
| 6.326%, 03/21/25 |
165 | 165 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| SouthernCarlson Inc., Term Loan, 1st Lien |
||||||||
| 6.584%, 03/21/25 |
$ | 221 | $ | 221 | ||||
| SouthernCarlson Inc., Term Loan, 2nd Lien |
||||||||
| 11.084%, 03/23/26 |
231 | 221 | ||||||
|
|
|
|||||||
| |
607 |
| ||||||
|
|
|
|||||||
| Transportation – 0.1% |
||||||||
| Agro Merchants North America Holdings, Inc., Effective Date Loan |
||||||||
| 6.084%, VAR LIBOR+3.750%, 11/15/24 |
995 | 1,000 | ||||||
| XPO Logistics, Term Loan B |
||||||||
| 4.230%, VAR LIBOR+2.000%, 02/24/25 |
1,046 | 1,051 | ||||||
|
|
|
|||||||
| |
2,051 |
| ||||||
|
|
|
|||||||
| Waste Management – 0.0% |
||||||||
| GFL Environmental, Term Loan B, 1st Lien |
||||||||
| 5.136%, 05/30/25 (D) |
662 | 663 | ||||||
| GFL Environmental, Term Loan, 1st Lien |
||||||||
| 2.750%, 05/30/25 |
82 | 82 | ||||||
|
|
|
|||||||
| |
745 |
| ||||||
|
|
|
|||||||
| Total Loan Participations |
172,115 | |||||||
|
|
|
|||||||
| Sovereign Debt — 8.6% |
||||||||
| 1MDB Global Investments |
||||||||
| 4.400%, 03/09/23 |
4,400 | 4,154 | ||||||
| African Development Bank |
||||||||
| 3.000%, 09/20/23 |
100 | 100 | ||||||
| 2.625%, 03/22/21 |
125 | 124 | ||||||
| 2.125%, 11/16/22 |
50 | 48 | ||||||
| 1.375%, 02/12/20 |
100 | 98 | ||||||
| Andina de Fomento |
||||||||
| 4.375%, 06/15/22 |
100 | 103 | ||||||
| Angolan Government International Bond |
||||||||
| 9.500%, 11/12/25 (A) |
1,290 | 1,461 | ||||||
| 9.375%, 05/08/48 (A) |
920 | 971 | ||||||
| 8.250%, 05/09/28 (A) |
1,060 | 1,095 | ||||||
| Argentine Republic Government International Bond |
||||||||
| 8.280%, 12/31/33 |
2,284 | 2,061 | ||||||
| 7.625%, 04/22/46 |
685 | 555 | ||||||
| 7.500%, 04/22/26 |
3,565 | 3,178 | ||||||
| 7.125%, 07/06/36 (A) |
560 | 447 | ||||||
| 7.125%, 06/28/17 |
360 | 280 | ||||||
| 6.875%, 01/11/48 |
830 | 639 | ||||||
| 5.625%, 01/26/22 |
980 | 882 | ||||||
| 2.500%, 3.750%, 03/31/19 12/31/38 (G) |
1,964 | 1,155 | ||||||
| Armenia International Bond |
||||||||
| 7.150%, 03/26/25 (A) |
775 | 817 | ||||||
| 6.000%, 09/30/20 (A) |
676 | 688 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Asian Development Bank |
||||||||
| 3.125%, 09/26/28 |
150 | $ | 149 | |||||
| 2.750%, 03/17/23 |
235 | 232 | ||||||
| 2.750%, 01/19/28 |
200 | 193 | ||||||
| 2.375%, 08/10/27 |
100 | 94 | ||||||
| 2.000%, 01/22/25 |
100 | 93 | ||||||
| 1.750%, 06/08/21 |
200 | 193 | ||||||
| 1.625%, 08/26/20 |
100 | 97 | ||||||
| 1.625%, 03/16/21 |
200 | 194 | ||||||
| Azerbaijan Government International Bond |
||||||||
| 4.750%, 03/18/24 (A) |
795 | 806 | ||||||
| Bahamas Government International Bond |
||||||||
| 6.000%, 11/21/28 (A) |
300 | 305 | ||||||
| Bahrain Government International Bond |
||||||||
| 6.750%, 09/20/29 (A) |
860 | 833 | ||||||
| Bolivian Government International Bond |
||||||||
| 4.500%, 03/20/28 (A) |
880 | 832 | ||||||
| Brazil Notas do Tesouro Nacional Serie F |
||||||||
| 10.000%, 01/01/21 (BRL) |
7,470 | 1,871 | ||||||
| Brazilian Government International Bond |
||||||||
| 6.000%, 04/07/26 |
200 | 205 | ||||||
| 5.625%, 01/07/41 |
370 | 337 | ||||||
| 5.625%, 02/21/47 |
870 | 770 | ||||||
| 4.875%, 01/22/21 |
365 | 370 | ||||||
| Canada Government International Bond |
||||||||
| 2.000%, 11/15/22 |
100 | 96 | ||||||
| Chile Government International Bond |
||||||||
| 3.240%, 02/06/28 |
200 | 191 | ||||||
| 3.125%, 01/21/26 |
107 | 103 | ||||||
| Colombia Government International Bond |
||||||||
| 7.375%, 09/18/37 |
1,145 | 1,443 | ||||||
| 6.125%, 01/18/41 |
735 | 832 | ||||||
| 5.000%, 06/15/45 |
860 | 859 | ||||||
| 4.500%, 01/28/26 |
340 | 346 | ||||||
| 4.375%, 07/12/21 |
200 | 204 | ||||||
| 4.000%, 02/26/24 |
970 | 970 | ||||||
| 3.875%, 04/25/27 |
570 | 553 | ||||||
| Costa Rica Government International Bond |
||||||||
| 7.158%, 03/12/45 (A) |
900 | 789 | ||||||
| 7.000%, 04/04/44 (A) |
520 | 456 | ||||||
| Council of Europe Development Bank |
||||||||
| 2.625%, 02/13/23 |
30 | 29 | ||||||
| 1.750%, 11/14/19 |
100 | 99 | ||||||
| Dominican Republic International Bond |
||||||||
| 7.450%, 04/30/44 (A) |
1,205 | 1,283 | ||||||
| 6.875%, 01/29/26 (A) |
1,995 | 2,130 | ||||||
| 6.850%, 01/27/45 (A) |
250 | 253 | ||||||
| 6.600%, 01/28/24 (A) |
290 | 306 | ||||||
| 6.500%, 02/15/48 (A) |
780 | 765 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 6.000%, 07/19/28 (A) |
$ | 790 | $ | 803 | ||||
| 5.950%, 01/25/27 (A) |
800 | 815 | ||||||
| 5.500%, 01/27/25 (A) |
365 | 366 | ||||||
| Ecuador Government International Bond |
||||||||
| 10.750%, 03/28/22 (A) |
790 | 839 | ||||||
| 9.650%, 12/13/26 (A) |
760 | 757 | ||||||
| 8.875%, 10/23/27 (A) |
700 | 664 | ||||||
| 8.750%, 06/02/23 (A) |
440 | 441 | ||||||
| 7.950%, 06/20/24 (A) |
1,480 | 1,414 | ||||||
| 7.950%, 06/20/24 |
210 | 201 | ||||||
| 7.875%, 01/23/28 (A) |
680 | 612 | ||||||
| Egypt Government International Bond |
||||||||
| 8.500%, 01/31/47 (A) |
500 | 501 | ||||||
| 7.903%, 02/21/48 (A) |
1,120 | 1,067 | ||||||
| 7.500%, 01/31/27 (A) |
1,385 | 1,409 | ||||||
| 5.577%, 02/21/23 (A) |
360 | 349 | ||||||
| El Salvador Government International Bond |
||||||||
| 7.650%, 06/15/35 (A) |
1,450 | 1,407 | ||||||
| European Bank for Reconstruction & Development |
||||||||
| 1.750%, 11/26/19 |
150 | 148 | ||||||
| 1.500%, 03/16/20 |
200 | 196 | ||||||
| European Investment Bank |
||||||||
| 3.250%, 01/29/24 |
250 | 251 | ||||||
| 2.875%, 08/15/23 |
150 | 148 | ||||||
| 2.500%, 03/15/23 |
295 | 288 | ||||||
| 2.375%, 05/13/21 |
250 | 246 | ||||||
| 2.375%, 05/24/27 |
250 | 235 | ||||||
| 2.250%, 03/15/22 |
150 | 146 | ||||||
| 2.125%, 10/15/21 |
200 | 195 | ||||||
| 2.125%, 04/13/26 |
100 | 93 | ||||||
| 2.000%, 12/15/22 |
150 | 144 | ||||||
| 1.375%, 06/15/20 |
150 | 146 | ||||||
| 1.375%, 09/15/21 |
100 | 95 | ||||||
| 1.250%, 12/16/19 |
300 | 295 | ||||||
| Export Credit Bank of Turkey |
||||||||
| 5.875%, 04/24/19 (A) |
200 | 197 | ||||||
| Export Development Canada |
||||||||
| 2.500%, 01/24/23 |
100 | 98 | ||||||
| 2.000%, 05/17/22 |
200 | 192 | ||||||
| Export-Import Bank of Korea |
||||||||
| 2.875%, 01/21/25 |
200 | 187 | ||||||
| 2.500%, 05/10/21 |
200 | 195 | ||||||
| Financiera de Desarrollo |
||||||||
| 4.750%, 07/15/25 (A) |
810 | 816 | ||||||
| Gabon Government International Bond |
||||||||
| 6.375%, 12/12/24 (A) |
695 | 656 | ||||||
| Georgia Government International Bond |
||||||||
| 6.875%, 04/12/21 (A) |
1,460 | 1,526 | ||||||
| Ghana Government International Bond |
||||||||
| 10.750%, 10/14/30 (A) |
1,745 | 2,170 | ||||||
| 8.627%, 06/16/49 (A) |
780 | 780 | ||||||
| 7.875%, 08/07/23 (A) |
405 | 424 | ||||||
| 7.625%, 05/16/29 (A) |
710 | 711 | ||||||
| Guatemala Government Bond |
||||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 4.875%, 02/13/28 (A) |
$ | 200 | $ | 195 | ||||
| Hashemite Kingdom of Jordan Government AID Bond |
||||||||
| 2.503%, 10/30/20 |
200 | 198 | ||||||
| Honduras Government International Bond |
||||||||
| 8.750%, 12/16/20 (A) |
670 | 732 | ||||||
| 7.500%, 03/15/24 (A) |
940 | 1,011 | ||||||
| 6.250%, 01/19/27 (A) |
330 | 338 | ||||||
| Hungary Government International Bond |
||||||||
| 5.750%, 11/22/23 |
900 | 975 | ||||||
| 5.375%, 03/25/24 |
1,670 | 1,788 | ||||||
| Indonesia Government International Bond |
||||||||
| 8.500%, 10/12/35 (A) |
1,710 | 2,343 | ||||||
| 8.500%, 10/12/35 |
260 | 356 | ||||||
| 4.350%, 01/11/48 |
200 | 183 | ||||||
| 3.700%, 01/08/22 (A) |
210 | 209 | ||||||
| Inter-American Development Bank |
||||||||
| 2.625%, 04/19/21 |
265 | 263 | ||||||
| 2.500%, 01/18/23 |
150 | 146 | ||||||
| 2.375%, 07/07/27 |
100 | 94 | ||||||
| 2.125%, 11/09/20 |
250 | 246 | ||||||
| 2.125%, 01/15/25 |
125 | 118 | ||||||
| 1.875%, 03/15/21 |
150 | 146 | ||||||
| 1.750%, 04/14/22 |
150 | 143 | ||||||
| 1.750%, 09/14/22 |
100 | 95 | ||||||
| 1.625%, 05/12/20 |
150 | 147 | ||||||
| International Bank for Reconstruction & Development |
||||||||
| 2.750%, 07/23/21 |
250 | 249 | ||||||
| 2.500%, 11/25/24 |
300 | 290 | ||||||
| 2.500%, 07/29/25 |
150 | 144 | ||||||
| 2.250%, 06/24/21 |
50 | 49 | ||||||
| 2.125%, 12/13/21 |
200 | 195 | ||||||
| 2.125%, 02/13/23 |
100 | 96 | ||||||
| 2.000%, 01/26/22 |
200 | 194 | ||||||
| 1.875%, 10/07/19 |
200 | 198 | ||||||
| 1.875%, 04/21/20 |
200 | 197 | ||||||
| 1.625%, 03/09/21 |
150 | 145 | ||||||
| 1.375%, 09/20/21 |
300 | 286 | ||||||
| International Finance |
||||||||
| 2.875%, 07/31/23 |
95 | 94 | ||||||
| 2.000%, 10/24/22 |
50 | 48 | ||||||
| 1.625%, 07/16/20 |
100 | 98 | ||||||
| 1.125%, 07/20/21 |
100 | 95 | ||||||
| Iraq International Bond |
||||||||
| 5.800%, 01/15/28 (A) |
975 | 923 | ||||||
| Israel Government International Bond |
||||||||
| 3.150%, 06/30/23 |
200 | 197 | ||||||
| Ivory Coast Government International Bond |
||||||||
| 6.125%, 06/15/33 (A) |
1,010 | 922 | ||||||
| 5.750%, 12/31/32 (A) |
1,181 | 1,116 | ||||||
| 5.375%, 07/23/24 (A) |
895 | 857 | ||||||
| Japan Bank for International Cooperation |
||||||||
| 3.250%, 07/20/23 |
200 | 199 | ||||||
| 2.500%, 06/01/22 |
200 | 195 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.375%, 04/20/26 |
200 | $ | 186 | |||||
| 2.250%, 11/04/26 |
200 | 183 | ||||||
| 2.125%, 07/21/20 |
200 | 197 | ||||||
| Jordan Government International Bond |
||||||||
| 7.375%, 10/10/47 (A) |
910 | 855 | ||||||
| Kenya Government International Bond |
||||||||
| 8.250%, 02/28/48 (A) |
1,350 | 1,303 | ||||||
| 7.250%, 02/28/28 (A) |
390 | 379 | ||||||
| 6.875%, 06/24/24 (A) |
1,035 | 1,038 | ||||||
| Korea Development Bank |
||||||||
| 2.500%, 01/13/21 |
200 | 196 | ||||||
| Korea Hydro & Nuclear Power |
||||||||
| 3.750%, 07/25/23 (A) |
1,929 | 1,914 | ||||||
| Korea International Bond |
||||||||
| 2.750%, 01/19/27 |
200 | 188 | ||||||
| Kreditanstalt fuer Wiederaufbau |
||||||||
| 2.125%, 03/07/22 |
150 | 145 | ||||||
| 1.750%, 03/31/20 |
500 | 492 | ||||||
| 1.750%, 09/15/21 |
200 | 193 | ||||||
| 1.625%, 05/29/20 |
250 | 245 | ||||||
| Lebanon Government International Bond |
||||||||
| 6.750%, 11/29/27 |
320 | 248 | ||||||
| 6.650%, 11/03/28 |
210 | 159 | ||||||
| 6.600%, 11/27/26 |
450 | 352 | ||||||
| 6.200%, 02/26/25 |
390 | 309 | ||||||
| Mexican Bonos |
||||||||
| 8.000%, 12/07/23 (MXN) |
28,960 | 1,563 | ||||||
| Mexico Government International Bond |
||||||||
| 5.550%, 01/21/45 |
500 | 531 | ||||||
| 4.600%, 02/10/48 |
1,668 | 1,568 | ||||||
| 4.150%, 03/28/27 |
775 | 763 | ||||||
| 4.125%, 01/21/26 |
200 | 198 | ||||||
| 3.750%, 01/11/28 |
200 | 190 | ||||||
| Mongolia Government International Bond |
||||||||
| 10.875%, 04/06/21 (A) |
2,100 | 2,360 | ||||||
| 8.750%, 03/09/24 (A) |
200 | 219 | ||||||
| 5.625%, 05/01/23 (A) |
530 | 514 | ||||||
| 5.125%, 12/05/22 |
490 | 469 | ||||||
| Nigeria Government International Bond |
||||||||
| 7.875%, 02/16/32 (A) |
720 | 736 | ||||||
| 7.696%, 02/23/38 (A) |
720 | 705 | ||||||
| 7.625%, 11/28/47 (A) |
570 | 545 | ||||||
| 7.143%, 02/23/30 (A) |
720 | 702 | ||||||
| 6.750%, 01/28/21 (A) |
220 | 228 | ||||||
| 6.500%, 11/28/27 (A) |
1,220 | 1,174 | ||||||
| Nordic Investment Bank |
||||||||
| 1.500%, 09/29/20 |
200 | 194 | ||||||
| Oman Government International Bond |
||||||||
| 6.750%, 01/17/48 (A) |
990 | 963 | ||||||
| 6.500%, 03/08/47 (A) |
1,370 | 1,302 | ||||||
| 5.625%, 01/17/28 (A) |
1,405 | 1,380 | ||||||
| 5.375%, 03/08/27 (A) |
775 | 752 | ||||||
| 4.750%, 06/15/26 (A) |
465 | 441 | ||||||
| Oman Sovereign Sukuk SAOC |
||||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 4.397%, 06/01/24 (A) |
620 | $ | 594 | |||||
| Panama Government International Bond |
||||||||
| 9.375%, 04/01/29 |
455 | 645 | ||||||
| 6.700%, 01/26/36 |
1,485 | 1,855 | ||||||
| 5.200%, 01/30/20 |
100 | 103 | ||||||
| 4.500%, 05/15/47 |
200 | 200 | ||||||
| Peru Government Bond |
||||||||
| 6.150%, 08/12/32 (PEN) (A) |
2,320 | 715 | ||||||
| Perusahaan Penerbit SBSN |
||||||||
| 4.400%, 03/01/28 (A) |
440 | 431 | ||||||
| 4.150%, 03/29/27 (A) |
690 | 666 | ||||||
| Peruvian Government International Bond |
||||||||
| 8.750%, 11/21/33 |
1,300 | 1,921 | ||||||
| 7.350%, 07/21/25 |
100 | 123 | ||||||
| 6.950%, 08/12/31 (PEN) (A) |
1,000 | 330 | ||||||
| 6.550%, 03/14/37 |
865 | 1,092 | ||||||
| 5.625%, 11/18/50 |
150 | 178 | ||||||
| Philippine Government |
||||||||
| 7.750%, 01/14/31 |
209 | 282 | ||||||
| 5.500%, 03/30/26 |
200 | 221 | ||||||
| 4.200%, 01/21/24 |
200 | 205 | ||||||
| 3.700%, 02/02/42 |
300 | 279 | ||||||
| Poland Government International Bond |
||||||||
| 4.000%, 01/22/24 |
125 | 128 | ||||||
| 3.000%, 03/17/23 |
150 | 147 | ||||||
| Province of Alberta Canada |
||||||||
| 3.300%, 03/15/28 |
200 | 196 | ||||||
| 2.200%, 07/26/22 |
100 | 96 | ||||||
| 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 | 454 | ||||||
| 2.050%, 11/30/20 |
150 | 147 | ||||||
| Province of New Brunswick Canada |
||||||||
| 3.625%, 02/24/28 |
100 | 100 | ||||||
| Province of Ontario Canada |
||||||||
| 2.500%, 04/27/26 |
500 | 470 | ||||||
| 2.450%, 06/29/22 |
200 | 194 | ||||||
| 1.875%, 05/21/20 |
150 | 147 | ||||||
| Province of Quebec Canada |
||||||||
| 2.875%, 10/16/24 |
100 | 98 | ||||||
| 2.625%, 02/13/23 |
200 | 195 | ||||||
| 2.500%, 04/20/26 |
600 | 565 | ||||||
| Provincia de Buenos Aires |
||||||||
| 7.875%, 06/15/27 (A) |
345 | 287 | ||||||
| 6.500%, 02/15/23 (A) |
300 | 262 | ||||||
| Provincia de Cordoba |
||||||||
| 7.125%, 06/10/21 (A) |
820 | 763 | ||||||
| Qatar Government International Bond |
||||||||
| 5.103%, 04/23/48 (A) |
732 | 761 | ||||||
| 4.500%, 04/23/28 (A) |
1,673 | 1,722 | ||||||
| 3.875%, 04/23/23 (A) |
1,722 | 1,734 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Republic of Belarus International Bond |
||||||||
| 6.875%, 02/28/23 (A) |
680 | $ | 713 | |||||
| Republic of Italy Government International Bond |
||||||||
| 5.375%, 06/15/33 |
300 | 313 | ||||||
| Republic of South Africa Government Bond |
||||||||
| 10.500%, 12/21/26 (ZAR) |
11,000 | 842 | ||||||
| 8.750%, 02/28/48 (ZAR) |
5,500 | 346 | ||||||
| 6.500%, 02/28/41 (ZAR) |
20,065 | 989 | ||||||
| Republic of South Africa Government International Bond |
||||||||
| 5.875%, 06/22/30 |
400 | 398 | ||||||
| 4.300%, 10/12/28 |
2,000 | 1,793 | ||||||
| Russian Foreign Bond - Eurobond |
||||||||
| 5.250%, 06/23/47 (A) |
1,400 | 1,341 | ||||||
| 4.750%, 05/27/26 |
1,000 | 999 | ||||||
| Saudi Government International Bond |
||||||||
| 5.000%, 04/17/49 (A) |
802 | 814 | ||||||
| 4.500%, 04/17/30 (A) |
1,244 | 1,250 | ||||||
| Senegal Government International Bond |
||||||||
| 8.750%, 05/13/21 (A) |
376 | 408 | ||||||
| 6.750%, 03/13/48 (A) |
1,160 | 1,037 | ||||||
| 6.250%, 05/23/33 (A) |
535 | 499 | ||||||
| Serbia Government International Bond |
||||||||
| 7.250%, 09/28/21 (A) |
510 | 555 | ||||||
| South Africa Government International Bond |
||||||||
| 5.875%, 09/16/25 |
425 | 432 | ||||||
| Sri Lanka Government International Bond |
||||||||
| 6.850%, 11/03/25 (A) |
745 | 735 | ||||||
| 6.825%, 07/18/26 (A) |
570 | 560 | ||||||
| 6.750%, 04/18/28 (A) |
360 | 347 | ||||||
| 6.250%, 07/27/21 (A) |
395 | 396 | ||||||
| 6.200%, 05/11/27 (A) |
1,680 | 1,575 | ||||||
| 5.875%, 07/25/22 (A) |
730 | 717 | ||||||
| Svensk Exportkredit |
||||||||
| 2.875%, 05/22/21 |
200 | 199 | ||||||
| Turkey Government International Bond |
||||||||
| 7.375%, 02/05/25 |
610 | 616 | ||||||
| 6.000%, 03/25/27 |
1,400 | 1,274 | ||||||
| 5.625%, 03/30/21 |
1,180 | 1,156 | ||||||
| 4.250%, 04/14/26 |
740 | 620 | ||||||
| Ukraine Government AID Bonds |
||||||||
| 1.471%, 09/29/21 |
200 | 191 | ||||||
| Ukraine Government International Bond |
||||||||
| 7.750%, 09/01/21 (A) |
214 | 216 | ||||||
| 7.750%, 09/01/22 (A) |
1,749 | 1,744 | ||||||
| 7.750%, 09/01/23 (A) |
634 | 622 | ||||||
| 7.750%, 09/01/24 (A) |
394 | 382 | ||||||
| 7.750%, 09/01/25 (A) |
784 | 745 | ||||||
| 7.750%, 09/01/27 (A) |
215 | 200 | ||||||
| 7.375%, 09/25/32 (A) |
1,130 | 981 | ||||||
| 3.046%, 05/31/40 (A) (D) |
314 | 165 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| Uruguay Government International Bond |
||||||||
| 9.875%, 06/20/22 (UYU) (A) |
5,900 | $ | 176 | |||||
| 8.500%, 03/15/28 (UYU) (A) |
3,940 | 103 | ||||||
| 5.100%, 06/18/50 |
1,311 | 1,337 | ||||||
| 4.975%, 04/20/55 |
960 | 960 | ||||||
| 4.500%, 08/14/24 |
100 | 103 | ||||||
| Venezuela Government International Bond |
||||||||
| 7.750%, 10/13/19 (C) |
515 | 135 | ||||||
| 7.650%, 04/21/25 (C) |
362 | 96 | ||||||
| 7.000%, 03/31/38 (C) |
422 | 110 | ||||||
| Zambia Government International Bond |
||||||||
| 8.970%, 07/30/27 (A) |
485 | 344 | ||||||
| 8.500%, 04/14/24 (A) |
405 | 289 | ||||||
| 5.375%, 09/20/22 (A) |
680 | 475 | ||||||
|
|
|
|||||||
| Total Sovereign Debt |
|
151,850 |
| |||||
|
|
|
|||||||
|
U.S. Government Agency Obligations — 6.5% |
|
|||||||
| FFCB |
||||||||
| 1.680%, 10/13/20 |
100 | 98 | ||||||
| 1.550%, 05/08/20 |
200 | 196 | ||||||
| FHLB |
||||||||
| 3.250%, 06/09/28 |
250 | 247 | ||||||
| 2.950%, 09/17/21 |
150 | 150 | ||||||
| 2.750%, 12/13/24 |
300 | 294 | ||||||
| 2.625%, 05/28/20 |
250 | 249 | ||||||
| 2.300%, 07/19/22 |
200 | 194 | ||||||
| 2.260%, 10/04/22 |
150 | 146 | ||||||
| 2.200%, 01/29/21 |
155 | 152 | ||||||
| 2.160%, 08/17/22 |
100 | 97 | ||||||
| 2.150%, 02/14/20 - 09/26/22 |
500 | 490 | ||||||
| 1.875%, 11/29/21 |
150 | 145 | ||||||
| 1.375%, 11/15/19(B) |
125 | 123 | ||||||
| FHLMC |
||||||||
| 6.250%, 07/15/32 |
1,279 | 1,686 | ||||||
| 4.500%, 05/01/42 - 09/01/48 |
5,448 | 5,643 | ||||||
| 4.000%, 03/15/40 - 09/01/48 |
12,527 | 12,687 | ||||||
| 3.500%, 06/01/33 - 05/01/48 |
17,410 | 17,197 | ||||||
| 3.200%, 05/15/23 |
250 | 249 | ||||||
| 3.000%, 11/01/27 - 04/01/47 |
6,513 | 6,289 | ||||||
| 2.500%, 04/23/20 |
750 | 747 | ||||||
| 2.375%, 01/13/22 |
2,589 | 2,544 | ||||||
| 1.330%, 12/30/20 |
400 | 386 | ||||||
| FNMA |
||||||||
| 6.625%, 11/15/30 |
300 | 395 | ||||||
| 5.000%, 06/01/47 - 09/01/48 |
9,058 | 9,524 | ||||||
| 4.500%, 12/01/40 - 09/01/48 |
11,944 | 12,400 | ||||||
| 4.000%, 10/01/18 - 08/01/48 |
18,318 | 18,546 | ||||||
| 3.639%, 08/25/30 |
100 | 99 | ||||||
| 3.560%, 09/25/21(D) |
175 | 176 | ||||||
| 3.500%, 04/01/38 - 06/01/48 |
7,842 | 7,774 | ||||||
| 3.000%, 04/01/32 - 09/01/46 |
12,019 | 11,584 | ||||||
| 2.625%, 09/06/24 |
1,399 | 1,365 | ||||||
| 2.500%, 12/01/27 - 01/01/33 |
535 | 518 | ||||||
| 2.125%, 04/24/26 |
200 | 186 | ||||||
| 2.000%, 01/05/22 |
500 | 486 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 1.875%, 12/28/20 |
$ | 131 | $ | 128 | ||||
| 1.650%, 01/27/20 |
300 | 296 | ||||||
| 1.500%, 06/22/20 - 11/30/20 |
927 | 905 | ||||||
| GS Mortgage Securities Trust |
||||||||
| 3.442%, 11/10/49(D) |
365 | 357 | ||||||
| Tennessee Valley Authority |
||||||||
| 5.250%, 09/15/39 |
200 | 245 | ||||||
| 2.875%, 02/01/27 |
250 | 241 | ||||||
|
|
|
|||||||
| Total U.S. Government Agency Obligations |
|
115,234 |
| |||||
|
|
|
|||||||
|
Asset-Backed Securities — 5.4% |
||||||||
| Automotive – 2.7% |
||||||||
| American Credit Acceptance Receivables Trust, Ser 2018-2, |
||||||||
| 2.940%, 01/10/22 (A) |
1,450 | 1,450 | ||||||
| American Credit Acceptance Receivables Trust, Ser 2018-3, |
||||||||
| 2.920%, 08/12/21 (A) |
2,787 | 2,787 | ||||||
| American Credit Acceptance Receivables Trust, Ser 2018-3, |
||||||||
| 3.490%, 06/13/22 (A) |
413 | 413 | ||||||
| Americredit Automobile Receivables Trust, Ser 2018-1, Cl A2A |
||||||||
| 2.710%, 07/19/21 |
1,885 | 1,883 | ||||||
| Americredit Automobile Receivables Trust, Ser 2018-2, Cl B |
||||||||
| 3.450%, 06/18/24 |
2,063 | 2,057 | ||||||
| AmeriCredit Automobile Receivables Trust, Ser 2017-1, Cl A2A |
||||||||
| 1.510%, 05/18/20 |
138 | 138 | ||||||
| AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl A2A |
||||||||
| 1.830%, 05/18/21 |
2,475 | 2,466 | ||||||
| AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl A3 |
||||||||
| 2.040%, 07/18/22 |
335 | 330 | ||||||
| AmeriCredit Automobile Receivables Trust, Ser 2017-4, Cl B |
||||||||
| 2.360%, 12/19/22 |
1,319 | 1,292 | ||||||
| BMW Floorplan Master Owner Trust, Ser 2018-1, Cl A2 |
||||||||
| 2.478%, VAR LIBOR USD 1 Month+0.320%, 05/15/23 (A) |
1,721 | 1,723 | ||||||
| Capital Auto Receivables Asset Trust, Ser 2017-1, Cl A2 |
||||||||
| 1.760%, 06/22/20 (A) |
842 | 841 | ||||||
| CarFinance Capital Auto Trust, Ser 2015-1A, Cl A |
||||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 1.750%, 06/15/21 (A) |
$ | 29 | $ | 29 | ||||
| CarMax Auto Owner Trust, |
||||||||
| 1.600%, 06/15/22 |
250 | 243 | ||||||
| CarMax Auto Owner Trust, |
||||||||
| 1.640%, 09/15/20 |
1,156 | 1,152 | ||||||
| CarMax Auto Owner Trust, |
||||||||
| 3.160%, 07/17/23 |
731 | 730 | ||||||
| CarMax Auto Owner Trust, |
||||||||
| 3.270%, 03/15/24 |
1,186 | 1,187 | ||||||
| CPS Auto Receivables Trust, |
||||||||
| 1.780%, 09/15/20 (A) |
314 | 313 | ||||||
| CPS Auto Receivables Trust, |
||||||||
| 2.160%, 05/17/21 (A) |
1,164 | 1,159 | ||||||
| CPS Auto Trust, Ser 2016-D, |
||||||||
| 1.500%, 06/15/20 (A) |
229 | 229 | ||||||
| Credit Acceptance Auto Loan Trust, |
||||||||
| 3.010%, 02/16/27 (A) |
1,099 | 1,088 | ||||||
| Credit Acceptance Auto Loan Trust, |
||||||||
| 3.550%, 08/15/27 (A) |
835 | 834 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 2.250%, 06/15/21 |
1,030 | 1,030 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 2.300%, 05/17/21 |
1,343 | 1,341 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 2.880%, 02/15/22 |
1,193 | 1,192 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 2.780%, 10/15/20 |
1,892 | 1,892 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 3.360%, 10/17/22 |
1,818 | 1,819 | ||||||
| Drive Auto Receivables Trust, |
||||||||
| 4.090%, 01/15/26 |
100 | 100 | ||||||
| DT Auto Owner Trust, |
||||||||
| 1.730%, 08/17/20 (A) |
393 | 393 | ||||||
| DT Auto Owner Trust, |
||||||||
| 1.850%, 08/17/20 (A) |
1,225 | 1,223 | ||||||
| DT Auto Owner Trust, |
||||||||
| 3.430%, 05/16/22 (A) |
1,913 | 1,910 | ||||||
| Exeter Automobile Receivables |
||||||||
| 1.840%, 11/16/20 (A) |
150 | 150 | ||||||
| Exeter Automobile Receivables |
||||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| 2.210%, 05/17/21 (A) |
$ | 966 | $ | 963 | ||||
| Exeter Automobile Receivables Trust, Ser 2018-3A, Cl A |
||||||||
| 2.900%, 01/18/22 (A) |
1,658 | 1,657 | ||||||
| First Investors Auto Owner Trust, |
||||||||
| 1.530%, 11/16/20 (A) |
52 | 52 | ||||||
| First Investors Auto Owner Trust, |
||||||||
| 2.840%, 05/16/22 (A) |
1,033 | 1,032 | ||||||
| Flagship Credit Auto Trust, |
||||||||
| 2.380%, 10/15/20 (A) |
46 | 46 | ||||||
| Ford Credit Auto Owner Trust, |
||||||||
| 1.490%, 05/15/20 |
1,054 | 1,051 | ||||||
| Ford Credit Auto Owner Trust, |
||||||||
| 1.690%, 11/15/21 |
145 | 143 | ||||||
| Ford Credit Auto Owner Trust, |
||||||||
| 2.010%, 03/15/22 |
1,197 | 1,180 | ||||||
| Ford Credit Auto Owner Trust, |
||||||||
| 3.190%, 07/15/31 (A) |
572 | 558 | ||||||
| GM Financial Automobile Leasing |
||||||||
| 3.060%, 06/21/21 |
100 | 100 | ||||||
| GM Financial Consumer Automobile, |
||||||||
| 1.780%, 10/18/21 (A) |
2,314 | 2,289 | ||||||
| GM Financial Consumer Automobile Receivables Trust, Ser 2018-1, Cl A3 |
||||||||
| 2.320%, 07/18/22 |
2,060 | 2,031 | ||||||
| Honda Auto Receivables Owner |
||||||||
| 2.050%, 11/22/21 |
1,202 | 1,188 | ||||||
| Honda Auto Receivables Owner |
||||||||
| 2.640%, 02/15/22 |
180 | 179 | ||||||
| Nissan Auto Receivables Owner |
||||||||
| 3.060%, 03/15/23 |
30 | 30 | ||||||
| Santander Drive Auto Receivables Trust, Ser 2018-1, Cl D |
||||||||
| 3.320%, 03/15/24 |
85 | 83 | ||||||
| Santander Drive Auto Receivables Trust, Ser 2018-4, Cl C |
||||||||
| 3.560%, 07/15/24 |
865 | 862 | ||||||
| Toyota Auto Receivables Owner Trust, Ser 2017-A, Cl A2A |
||||||||
| 1.420%, 09/16/19 |
269 | 269 | ||||||
| Volkswagen Auto Loan Enhanced Trust, Ser 2018-1, Cl A4 |
||||||||
| 3.150%, 07/22/24 |
1,767 | 1,762 | ||||||
| Westlake Automobile Receivables Trust, Ser 2017-1A, Cl A2 |
||||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| 1.780%, 04/15/20 (A) |
$ | 266 | $ | 266 | ||||
|
|
|
|||||||
| |
49,135 |
| ||||||
|
|
|
|||||||
|
Credit Card – 1.8% |
||||||||
| American Express Credit Account Master Trust, |
||||||||
| 1.930%, 09/15/22 |
3,149 | 3,105 | ||||||
| American Express Credit Account Master Trust, |
||||||||
| 2.040%, 05/15/23 |
3,674 | 3,601 | ||||||
| American Express Credit Account Master Trust, |
||||||||
| 3.010%, 10/15/25 |
1,033 | 1,021 | ||||||
| American Express Credit Account Master Trust, |
||||||||
| 2.592%, VAR ICE LIBOR USD 1 Month+0.380%, 04/15/26 |
1,107 | 1,107 | ||||||
| BA Credit Card Trust, |
||||||||
| 1.950%, 08/15/22 |
2,303 | 2,271 | ||||||
| Capital One Multi-Asset Execution Trust, |
||||||||
| 2.000%, 01/17/23 |
2,123 | 2,094 | ||||||
| Capital One Multi-Asset Execution Trust, |
||||||||
| 1.990%, 07/17/23 |
1,427 | 1,398 | ||||||
| Capital One Multi-Asset Execution Trust, |
||||||||
| 2.738%, VAR LIBOR USD 1 Month+0.580%, 07/15/27 |
1,924 | 1,940 | ||||||
| Chase Issuance Trust, |
||||||||
| 2.358%, VAR LIBOR USD 1 Month+0.200%, 04/17/23 |
2,070 | 2,073 | ||||||
| Citibank Credit Card Issuance Trust, Ser 2014-A1, Cl A1 |
||||||||
| 2.880%, 01/23/23 |
200 | 199 | ||||||
| Citibank Credit Card Issuance Trust, Ser 2017-A2, Cl A2 |
||||||||
| 1.740%, 01/19/21 |
5,296 | 5,285 | ||||||
| Citibank Credit Card Issuance Trust, Ser 2017-A7, Cl A7 |
||||||||
| 2.503%, VAR LIBOR USD 1 Month+0.370%, 08/08/24 |
2,642 | 2,647 | ||||||
| Citibank Credit Card Issuance Trust, Ser 2017-A8, Cl A8 |
||||||||
| 1.860%, 08/07/22 |
250 | 245 | ||||||
| Citibank Credit Card Issuance Trust, Ser 2018-A2, Cl A2 |
||||||||
| 2.495%, VAR LIBOR USD 1 Month+0.330%, 01/20/25 |
2,078 | 2,079 | ||||||
| Discover Card Execution Note Trust, Ser 2017-A7, Cl A7 |
||||||||
| 2.518%, VAR LIBOR USD 1 Month+0.360%, 04/15/25 |
2,209 | 2,215 | ||||||
| Synchrony Credit Card Master Note Trust, Ser 2018-2, Cl A |
||||||||
| 3.470%, 05/15/26 |
200 | 200 | ||||||
|
|
|
|||||||
| |
31,480 |
| ||||||
|
|
|
|||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| Other Asset-Backed Securities – 0.9% |
| |||||||
| AJAX Mortgage Loan Trust, |
||||||||
| 4.000%, 10/25/57 (A) |
$ | 585 | $ | 586 | ||||
| AJAX Mortgage Loan Trust, |
||||||||
| 3.470%, 04/25/57 (A) |
245 | 243 | ||||||
| Bayview Opportunity Master Fund IIIa Trust, Ser 2017-RN7, Cl A1 |
||||||||
| 3.105%, 09/28/32 (A) |
60 | 60 | ||||||
| Bayview Opportunity Master Fund IIIa Trust, Ser 2017-RN8, Cl A1 |
||||||||
| 3.352%, 11/28/32 (A) |
522 | 520 | ||||||
| Bayview Opportunity Master Fund IVa Trust, Ser 2018-RN1, Cl A1 |
||||||||
| 3.278%, 01/28/33 (A) |
350 | 349 | ||||||
| Bayview Opportunity Master Fund IVa Trust, Ser 2018-RN3, Cl A1 |
||||||||
| 3.672%, 03/28/33 (A) |
115 | 114 | ||||||
| Bayview Opportunity Master Fund Trust, Ser 2018-RN8, Cl A1 |
||||||||
| 4.066%, 09/28/33 (A) |
1,000 | 1,000 | ||||||
| Consumer Loan Underlying Bond Credit Trust, Ser 2018-P2, Cl A |
||||||||
| 3.470%, 10/15/25 (A) |
1,191 | 1,191 | ||||||
| Ford Credit Floorplan Master Owner Trust, Ser 2017-3, Cl A |
||||||||
| 2.480%, 09/15/24 |
150 | 145 | ||||||
| GCAT, Ser 2017-2, Cl A1 |
||||||||
| 3.500%, 04/25/47 (A) |
356 | 354 | ||||||
| GCAT, Ser 2017-5, Cl A1 |
||||||||
| 3.228%, 07/25/47 (A) |
101 | 101 | ||||||
| GCAT, Ser 2018-1, Cl A1 |
||||||||
| 3.844%, 06/25/48 (A) |
650 | 648 | ||||||
| NYMT Residential, |
||||||||
| 4.000%, 03/25/21 (A) |
45 | 45 | ||||||
| Oak Hill Advisors Residential Loan Trust, Ser 2017-NPL1, Cl A1 |
||||||||
| 3.000%, 06/25/57 (A) |
764 | 752 | ||||||
| Oak Hill Advisors Residential Loan Trust, Ser 2017-NPL2, Cl A1 |
||||||||
| 3.000%, 07/25/57 (A) |
1,019 | 1,002 | ||||||
| PRPM, Ser 2017-2A, Cl A1 |
||||||||
| 3.470%, 09/25/22 (A) |
762 | 756 | ||||||
| RCO Mortgage, Ser 2017-1, Cl A1 |
||||||||
| 3.375%, 08/25/22 (A) |
968 | 962 | ||||||
| RCO V Mortgage, Ser 2018-1, Cl A1 |
||||||||
| 4.000%, 05/25/23 (A) |
1,612 | 1,610 | ||||||
| VOLT LVI, Ser 2017-NPL3, Cl A1 |
||||||||
| 3.500%, 03/25/47 (A) |
440 | 438 | ||||||
| VOLT LXI, Ser 2017-NPL8, Cl A1 |
||||||||
| 3.125%, 06/25/47 (A) |
640 | 635 | ||||||
| VOLT LXIII, Ser 2017-NP10, Cl A1 |
||||||||
| 3.000%, 10/25/47 (A) |
277 | 274 | ||||||
| VOLT LXVIII, Ser 2018-NPL4, Cl A1A |
||||||||
| 4.336%, 07/27/48 (A) |
1,390 | 1,388 | ||||||
| Description
|
Face Amount
|
Value (000)
|
||||||
| VOLT LXX, Ser 2018-NPL6, Cl A1A |
||||||||
| 4.115%, 09/25/48 (A) |
$ | 2,420 | $ | 2,419 | ||||
|
|
|
|||||||
| |
15,592 |
| ||||||
|
|
|
|||||||
| Total Asset-Backed Securities (Cost $96,651) (000) |
|
96,207 |
| |||||
|
|
|
|||||||
|
Municipal Bonds — 0.4% |
||||||||
| Bay Area, Toll Authority RB |
||||||||
| 6.263%, 04/01/49 |
200 | 273 | ||||||
| California State, Department of Water Resources, Power Supply Revenue RB |
||||||||
| 2.000%, 05/01/22 |
100 | 96 | ||||||
| Florida State, Hurricane Catastrophe Fund RB |
||||||||
| 2.995%, 07/01/20 |
150 | 150 | ||||||
| Houston GO |
||||||||
| 3.961%, 03/01/47 |
150 | 141 | ||||||
| Illinois State GO |
||||||||
| 5.100%, 06/01/33 |
2,795 | 2,683 | ||||||
| New Jersey State, Economic Development Authority RB |
||||||||
| 7.425%, 02/15/29 |
315 | 378 | ||||||
| New Jersey State, Transportation Trust Fund Authority RB |
||||||||
| 6.561%, 12/15/40 |
470 | 565 | ||||||
| 5.754%, 12/15/28 |
1,365 | 1,501 | ||||||
| New York State, Dormitory Authority RB |
||||||||
| 4.946%, 08/01/48 |
100 | 101 | ||||||
| Pennsylvania Commonwealth Financing Authority RB |
||||||||
| 3.864%, 06/01/38 |
150 | 145 | ||||||
| Permanent University Fund - Texas A&M University System RB |
||||||||
| 3.660%, 07/01/47 |
100 | 93 | ||||||
| Port Authority of New York & New Jersey RB |
||||||||
| 4.031%, 09/01/48 |
150 | 148 | ||||||
| Sales Tax Securitization RB |
||||||||
| 3.820%, 01/01/48 |
100 | 91 | ||||||
| South Carolina State, Public Service Authority RB |
||||||||
| 2.388%, 12/01/23 |
100 | 93 | ||||||
| State of California GO |
||||||||
| 4.600%, 04/01/38 |
315 | 327 | ||||||
| 4.500%, 04/01/33 |
25 | 26 | ||||||
| 3.500%, 04/01/28 |
25 | 24 | ||||||
| 3.375%, 04/01/25 |
20 | 20 | ||||||
| 2.800%, 04/01/21 |
15 | 15 | ||||||
| State of Wisconsin RB |
||||||||
| 3.154%, 05/01/27 |
200 | 192 | ||||||
| University of California RB |
||||||||
| 4.858%, 05/15/12 |
200 | 202 | ||||||
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
| Description
|
Face Amount
|
Value (000)
|
||||||
| University of Texas, Taxable Financing System RB |
||||||||
| 3.354%, 08/15/47 |
$ | 250 | $ | 225 | ||||
|
|
|
|||||||
| Total Municipal Bonds |
7,489 | |||||||
|
|
|
|||||||
|
Commercial Paper — 0.2% |
||||||||
| MUFG Bank NY |
||||||||
| 2.283%, 10/16/18 (B) |
4,386 | 4,381 | ||||||
|
|
|
|||||||
|
Total Commercial Paper |
4,381 | |||||||
|
|
|
|||||||
|
Preferred Stock — 0.0% |
||||||||
| PES Energy(H) |
26,609 | 213 | ||||||
|
|
|
|||||||
|
Total Preferred Stock |
213 | |||||||
|
|
|
|||||||
|
Short-Term Investment — 5.2% |
|
|||||||
| State Street Institutional Treasury Money Market Fund, Cl |
91,235,622 | 91,236 | ||||||
|
|
|
|||||||
| Total Short-Term Investment |
91,236 | |||||||
|
|
|
|||||||
|
Total Investments In |
$
|
1,897,813
|
| |||||
|
|
|
|||||||
Percentages are based on net assets of $1,769,598 (000).
A list of the open forward foreign currency contracts held by the Fund at September 30, 2018 is as follows (000):
| Counterparty
|
Maturity
|
Currency
|
Currency to
|
Unrealized
|
||||||||||||||||||||
| HSBC |
10/12/18 | USD | 867 | KZT | 311,200 | $ | (14) | |||||||||||||||||
| HSBC |
10/16/18 | ZAR | 21,830 | USD | 1,489 | (52) | ||||||||||||||||||
| HSBC |
10/16/18 | USD | 212 | ZAR | 2,900 | (8) | ||||||||||||||||||
| Barclays PLC |
10/17/18 | INR | 23,310 | USD | 334 | 14 | ||||||||||||||||||
| Citigroup |
10/22/18 | PEN | 661 | USD | 198 | (2) | ||||||||||||||||||
| HSBC |
10/22/18 | USD | 201 | PEN | 661 | (2) | ||||||||||||||||||
| State Street |
11/16/18 | USD | 496 | BRL | 2,033 | 5 | ||||||||||||||||||
| State Street |
11/16/18 | BRL | 2,039 | USD | 501 | (1) | ||||||||||||||||||
| State Street |
11/16/18 | BRL | 9,255 | USD | 2,342 | 58 | ||||||||||||||||||
| Barclays PLC |
11/19/18 | USD | 1,115 | RUB | 76,640 | 49 | ||||||||||||||||||
| Barclays PLC |
11/19/18 | RUB | 76,640 | USD | 1,138 | (25) | ||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
$
|
22
|
| ||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
| (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 September 30, 2018 was $215,186 (000) and represents 12.7% 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) | Credit-linked note. |
| (F) | Unsettled bank loan. Interest rate may not be available. |
| (G) | Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date. |
| (H) | Currently, no stated interest rate. |
| (I) | The rate reported is the 7-day effective yield as of September 30, 2018. |
AID — Agency for International Development
ARS — Argentine Peso
BRL — Brazilian Real
CJSC — Closed Joint Stock Company
Cl — Class
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
GHS — Ghana Cedi
GNMA — Government National Mortgage Association
GO — General Obligation
ICE — Intercontinental Exchange
IDR — Indonesian Rupiah
INR — Indian Rupee
JSC — Joint Stock Company
KZT — Kazakhstan Tenge
LIBOR — London Interbank Offered Rate
LKR — Sri Lanka Rupee
LLC — Limited Liability Company
LP — Limited Partnership
Ltd. — Limited
MXN — Mexican Peso
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
USD — U.S. Dollar
UYU — Uruguayan Peso
VAR — Variable Rate
ZAR — South African Rand
KP Fixed Income Fund
Schedule of Investments
September 30, 2018 (unaudited)
The following is a list of the level of inputs used as of September 30, 2018, in valuing the Fund’s investments and other financial instruments carried at value (000):
| Investments in |
Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
| U.S. Treasury Obligations |
$ | — | $ | 463,183 | $ | — | $ | 463,183 | ||||||||
| Corporate Obligations |
— | 442,621 | — | 442,621 | ||||||||||||
| Mortgage- Backed Securities |
— | 353,284 | — | 353,284 | ||||||||||||
| Loan Participations |
— | 172,115 | — | 172,115 | ||||||||||||
| Sovereign Debt |
— | 151,850 | — | 151,850 | ||||||||||||
| U.S. Government Agency Obligations |
— | 115,234 | — | 115,234 | ||||||||||||
| Asset-Backed Securities |
— | 96,207 | — | 96,207 | ||||||||||||
| Municipal Bonds |
— | 7,489 | — | 7,489 | ||||||||||||
| Commercial Paper |
— | 4,381 | — | 4,381 | ||||||||||||
| Preferred Stock |
— | 213 | — | 213 | ||||||||||||
| Short-Term Investment |
91,236 | — | — | 91,236 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments in Securities |
$
|
91,236
|
|
$
|
1,806,577
|
|
$
|
—
|
|
$
|
1,897,813
|
| ||||
|
|
|
|
|
|
|
|
|
|||||||||
| Other Financial Instruments |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Forwards Contracts ** |
||||||||||||||||
| Unrealized Depreciation |
$ | — | $ | 126 | $ | — | $ | 126 | ||||||||
| Unrealized Appreciation |
$ | — | $ | (104) | $ | — | $ | (104) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Other Financial Instruments |
$
|
—
|
|
$
|
22
|
|
$
|
—
|
|
$
|
22
|
| ||||
|
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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 September 30, 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 September 30, 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.
| 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: November 29, 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: November 29, 2018
| By (Signature and Title) | /s/ Stephen Connors | |||||
| Stephen Connors | ||||||
| Treasurer, Controller & CFO |
Date: November 29, 2018
| This ‘N-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/18 | None on these Dates | |||
| Filed on / Effective on: | 11/29/18 | |||
| For Period End: | 9/30/18 | |||
| List all Filings | ||||