DOCSLIB.ORG

Retailing Fund

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Retailing Fund SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2019 RETAILING FUND SHARES VALUE SHARES VALUE COMMON STOCKS† - 99.8% eBay, Inc. 2,285 $ 90,257 JD.com, Inc. ADR* 2,774 84,024 RETAIL - 63.6% Expedia Group, Inc. 520 69,176 Walmart, Inc. 2,460 $ 271,805 Ctrip.com International Ltd. ADR* 1,557 57,469 Home Depot, Inc. 918 190,917 Wayfair, Inc. — Class A* 375 54,750 Costco Wholesale Corp. 626 165,427 MercadoLibre, Inc.* 86 52,612 Lowe’s Companies, Inc. 1,353 136,531 Pinduoduo, Inc. ADR* 2,252 46,459 TJX Companies, Inc. 2,328 123,105 GrubHub, Inc.* 550 42,894 Walgreens Boots Alliance, Inc. 2,035 111,254 Baozun, Inc. ADR*,1 822 40,985 Target Corp. 1,176 101,853 Etsy, Inc.* 650 39,891 Ross Stores, Inc. 912 90,397 Stitch Fix, Inc. — Class A* 879 28,119 Dollar General Corp. 665 89,881 Shutterfly, Inc.* 402 20,321 O’Reilly Automotive, Inc.* 223 82,358 Stamps.com, Inc.* 317 14,351 AutoZone, Inc.* 73 80,261 Overstock.com, Inc.*,1 818 11,125 Dollar Tree, Inc.* 712 76,462 Ulta Beauty, Inc.* 197 68,337 Total Internet 1,451,922 Best Buy Company, Inc. 980 68,335 DISTRIBUTION & WHOLESALE - 2.0% Genuine Parts Co. 580 60,076 LKQ Corp.* 1,681 44,731 CarMax, Inc.* 660 57,308 Pool Corp. 225 42,975 Tractor Supply Co. 521 56,685 Total Distribution & Wholesale 87,706 Tiffany & Co. 561 52,532 Advance Auto Parts, Inc. 337 51,945 COMMERCIAL SERVICES - 0.6% Burlington Stores, Inc.* 303 51,555 Monro, Inc. 306 26,102 Carvana Co.*,1 799 50,009 Kohl’s Corp. 907 43,128 Total Common Stocks L Brands, Inc. 1,649 43,039 (Cost $2,814,940) 4,317,048 Gap, Inc. 2,237 40,199 FACE Macy’s, Inc. 1,834 39,358 AMOUNT Five Below, Inc.* 323 38,767 Williams-Sonoma, Inc. 554 36,010 Qurate Retail, Inc. — Class A* 2,861 35,448 REPURCHASE AGREEMENTS††,2 - 0.5% Ollie’s Bargain Outlet Holdings, Inc.* 405 35,280 JPMorgan Chase & Co. Nordstrom, Inc. 1,060 33,772 issued 06/28/19 at 2.53% Foot Locker, Inc. 790 33,117 due 07/01/19 $ 14,748 14,748 Floor & Decor Holdings, Inc. — Class A* 757 31,718 Bank of America Merrill Lynch AutoNation, Inc.* 706 29,610 issued 06/28/19 at 2.48% Dick’s Sporting Goods, Inc. 802 27,773 due 07/01/19 3,664 3,664 American Eagle Outfitters, Inc. 1,526 25,789 Barclays Capital Urban Outfitters, Inc.* 1,008 22,932 issued 06/28/19 at 2.40% RH*,1 194 22,426 due 07/01/19 3,663 3,663 Dillard’s, Inc. — Class A1 318 19,805 Total Repurchase Agreements Bed Bath & Beyond, Inc.1 1,662 19,312 (Cost $22,075) 22,075 Children’s Place, Inc. 200 19,076 Designer Brands, Inc. — Class A 986 18,902 SHARES Sally Beauty Holdings, Inc.* 1,411 18,823 Michaels Companies, Inc.* 2,041 17,757 SECURITIES LENDING COLLATERAL†,3 - 2.8% Big Lots, Inc. 567 16,222 Money Market Fund Abercrombie & Fitch Co. — Class A 994 15,944 1 First American Government GameStop Corp. — Class A 2,158 11,804 Obligations Fund — Class Z, 2.26%4 120,689 120,689 At Home Group, Inc.* 1,407 9,371 Tailored Brands, Inc.1 1,543 8,903 Total Securities Lending Collateral (Cost $120,689) 120,689 Total Retail 2,751,318 Total Investments - 103.1% INTERNET - 33.6% (Cost $2,957,704) $ 4,459,812 Amazon.com, Inc.* 248 469,620 (134,682) Alibaba Group Holding Ltd. ADR* 1,128 191,140 Other Assets & Liabilities, net - (3.1)% Booking Holdings, Inc.* 74 138,729 Total Net Assets - 100.0% $ 4,325,130 SCHEDULE OF INVESTMENTS (Unaudited)(concluded) June 30, 2019 RETAILING FUND * Non-income producing security. † Value determined based on Level 1 inputs. †† Value determined based on Level 2 inputs. 1 All or a portion of this security is on loan at June 30, 2019. 2 Repurchase Agreements. 3 Securities lending collateral. 4 Rate indicated is the 7-day yield as of June 30, 2019. ADR — American Depositary Receipt.
Load more

Recommended publications
  • HD [email protected] Or by Writing to the Directors at the Following Address
    THE HOME DEPOT PROXY STATEMENT AND NOTICE OF 2020 ANNUAL MEETING OF SHAREHOLDERS Thursday, May 21, 2020 at 9:00 a.m., Eastern Time COBB GALLERIA CENTRE, ATLANTA, GA Table of Contents INVESTOR FACTSHEET Strategy Our One Home Depot strategy aims to deliver shareholder value and grow our market share by providing best- in-class customer service through a seamless, interconnected shopping experience for our customers. We are continuously improving our online and in-store experience and providing enhanced training for our associates. In addition, to ensure we are the product authority in home improvement, we strive to provide unique and comprehensive product offerings, continued innovation, and exceptional convenience and value. To execute our strategy, we have committed approximately $11 billion over a multi-year period to investments in our stores, associates, interconnected and digital experience, pro customer experience, services business, supply chain, and product and innovation. Shareholder Return Principles Our first priority for our use of cash is investing in our business, as reflected by our One Home Depot strategy. Our use of the remainder of our cash is guided by our shareholder return principles: • Dividend Principle: Look to increase the dividend every year as we grow earnings • Return on Invested Capital Principle: Maintain a high return on invested capital, benchmarking all uses of excess liquidity against value created for shareholders through share repurchases • Share Repurchase Principle: After meeting the needs of the business, look to return excess cash to shareholders in the form of share repurchases Key Financial Performance Metrics Set forth below are key financial performance metrics for the indicated fiscal years.
    [Show full text]
  • Forward-Looking Statements
    Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as “believe”, “expect”, “anticipate”, “plan”, “desire”, “project”, “estimate”, “intend”, “will”, “should”, “could”, “would”, “may”, “strategy”, “potential”, “opportunity”, “outlook”, “scenario”, “guidance”, and similar expressions are forward- looking statements. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services, share repurchases, Lowe’s strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements. A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as the rate of unemployment, interest rate and currency fluctuations, fuel and other energy costs, slower growth in personal income, changes in consumer spending, changes in the rate of housing turnover, the availability of consumer credit and of mortgage financing, changes in commodity prices, trade policy changes or additional tariffs, outbreaks of public health crises, such as the COVID-19 pandemic, availability and cost of goods from suppliers, and other factors that can negatively affect our customers.
    [Show full text]
  • Notice of Annual Meeting of Shareholders
    999 LakeDrive Issaquah, Washington98027 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO OURSHAREHOLDERS: TheAnnualMeeting of theShareholders of Costco Wholesale Corporation (the “Company”) will be held by live webcast,onThursday,January 21, 2021, at 2:00 p.m. Pacific time, to: 1. Elect the seven directors nominated by the Board of Directors to hold office until the 2022 Annual Meeting of Shareholders anduntiltheir successors are elected and qualified; 2. Ratifythe selection of KPMG LLP ("KPMG")asthe Company’s independent auditors forfiscal 2021; 3. Approve, on an advisory basis, thecompensation of the Company’snamed executive officers for fiscal 2020 as disclosed in these materials; and 4. Transact such other business as mayproperly come before the meeting or any adjournments thereof. In light of COVID-19and for the safety of our shareholders, employees, and other members of the community, our 2021 Annual Shareholders' Meeting will be held in avirtual format only.Shareholderscan participatefrom any geographic location withInternet connectivity. We believe thisisanimportant steptoenhancing accessibility to our Annual Meeting for all of our shareholders and reducing the carbon footprint of our activities,and is particularly important this year in light of public health andsafety considerations posed by COVID-19. Shareholders may view alive webcast of theAnnualMeeting andsubmit questions digitally during the meeting at www.virtualshareholdermeeting.com/COST2021. Please refertothe "Participating in the Annual Meeting" section of the Proxy Statement formore details. Shareholders can vote their shares before the meeting online at www.proxyvote.com, by calling 1-800-690-6903, by mailing acompleted proxy card or by mobile device by scanning the QRcode on the proxy card or Notice of Internet Availability of Proxy Materials.
    [Show full text]
  • Observations 3.2.2018
    OBSERVATIONS 3.2.2018 Financial Markets Review Coming into February it was well documented how equity markets in the U.S. and around the world were shattering records daily. The low volatility and one-way nature of stocks led many financial pundits and high-profile money managers to claim this time is different. It was becoming increasingly difficult to point to a reason stocks should fall more than a few percent or for volatility to ever rear its ugly head again. On January 23rd, Ray Dalio, who is head of the world’s largest hedge fund, had this to say during a CNBC interview: “If you’re holding cash, you’re going to feel pretty stupid.” – Ray Dalio, Bridgewater Associates Three days later the market peaked and proceeded to fall nearly 12% over the following 10 trading days. This is not a knock against Mr. Dalio, as he’s clearly been extremely successful over the course of his career. It just goes to show what type of sentiment we were dealing with over a month ago at market highs. There is no single reason to explain the volatility surge and subsequent correction in equity markets around the world. One could point to the worries of increasing inflation, rising bond yields, the decimation of volatility products or the uncertainty that comes with a new Fed chair. None of these reasons should have caught anyone off guard. In fact, we’ve touched on just about every one of these topics at one point or another in our commentary. However, the best explanation could be as simple as a return to normalcy.
    [Show full text]
  • Impact Update Quarter 3, 2019 Pat Miguel Tomaino, Director of Socially Responsible Investing
    Impact Update Quarter 3, 2019 Pat Miguel Tomaino, Director of Socially Responsible Investing t Zevin Asset Management, we build responsible investment portfolios for our clients. We then address risks and create positive social impact by engaging with portfolio companies. In the third Aquarter of 2019, we challenged companies for positive change on several important issues. Costco’s protein problems The link between industrial agriculture, meat products, and greenhouse gas emissions is increasingly well understood. Demand for meat has gone global and surged 372 percent since 1960 with 70 billion animals land use and deforestation, along with the cow-burp emissions that are laughable to some but nevertheless contributeconsumed yearly.non-trivially Significant to the climate greenhouse change effect. impacts Beef come especially from acarries beef supply a heavy chain water that cost: is plagued one burger by poor patty represents as many as 2,000 liters of water used in the supply chain. Proteins are essential for humans, but increasingly they are creating risks for food companies, food retail- ers, and society at large. In addition to climate risk and land mismanagement, the food sector faces a loom- ing crisis around its addiction to livestock antibiotics and widespread lapses in animal welfare can damage brands’ relationships with their customers. We have teamed up with the UK think tank FAIRR to better understand how these forces affect the compa- - ing other, smaller-footprint, plant-based proteins. This year, FAIRR ranked 25 companies on how well they addressnies in our environmental clients’ portfolios and social and, alternatively,risk surrounding how proteins. firms might Kroger access, a newcommercial supermarket opportunity name in by many provid client portfolios, ranked fairly well.
    [Show full text]
  • The TJX Companies, Inc. Second Quarter Fiscal Year 2021 Earnings
    CONTACT: Debra McConnell Global Communications FOR IMMEDIATE RELEASE (508) 390-2323 Wednesday, August 19, 2020 THE TJX COMPANIES, INC. REPORTS Q2 FY21 RESULTS; REOPENED STORES AND E-COMMERCE SITES AROUND THE WORLD; REPORTS SECOND QUARTER SALES OF $6.7 BILLION, WELL ABOVE ITS INTERNAL PLANS; GENERATES SIGNIFICANT CASH FLOW DURING THE QUARTER • Reopened more than 4,500 stores worldwide and each of its online shopping websites • Reported Q2 FY21 net sales of $6.7 billion, well above its internal plans • Generated $3.4 billion of operating cash flow and ended Q2 FY21 with $6.6 billion of cash • Q2 FY21 loss per share of ($.18) • Paid off the $1 billion it drew down from its revolving credit facilities in March 2020 Framingham, MA -- The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the second quarter ended August 1, 2020. Net sales for the second quarter of Fiscal 2021 were $6.7 billion. Overall open-only comp store sales (defined below) were down 3% versus last year. Net loss for the second quarter was ($214) million and loss per share was ($.18). The Company’s second quarter results were negatively impacted by the temporary closure of its stores for nearly one third of the quarter due to the impact of the COVID-19 global pandemic. Further, the Company’s net loss per share includes tax expense, which was primarily driven by a tax-loss carryback benefit recorded in the first quarter and reversed in the second quarter due to better than expected results.
    [Show full text]
  • Burlington Stores Inc
    Merrimack College Merrimack ScholarWorks Honors Senior Capstone Projects Honors Program Spring 2021 Burlington Stores Inc. Amanda Carey Merrimack College, [email protected] Follow this and additional works at: https://scholarworks.merrimack.edu/honors_capstones Part of the Business Commons Recommended Citation Carey, Amanda, "Burlington Stores Inc." (2021). Honors Senior Capstone Projects. 55. https://scholarworks.merrimack.edu/honors_capstones/55 This Capstone - Open Access is brought to you for free and open access by the Honors Program at Merrimack ScholarWorks. It has been accepted for inclusion in Honors Senior Capstone Projects by an authorized administrator of Merrimack ScholarWorks. For more information, please contact [email protected]. Amanda Carey BUS4402W-G // Fall 2020 Honors Capstone Abstract Throughout this piece, various aspects of Burlington Stores Incorporated are analyzed, giving greater meaning to their impact on the market and their success and failures as a company independently. Within this exposure, it became clear that they have come a long way from their initial creation, but with our fast-paced world they will need to continue to push past many boundaries. Generally, they are a very well-known name, but this does not necessarily mean that they are greatly successful in each part of their business. They thrive within the brick-and-mortar industry, as they direct competitors with other household names (TJX, J.C. Penney and more). While their room for improvement lies more with their online presence (or lack thereof). If they could increase this or find other competitive advantages to keep them ahead or in line with their competitors then I believe they would be in a much better place.
    [Show full text]
  • Walgreens Boots Alliance, Inc. Incoming Letter Dated September 15, 2018
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 DIVISION OF CORPORATION FINANCE November 20, 2018 Martin P. Dunn Morrison & Foerster LLP [email protected] Re: Walgreens Boots Alliance, Inc. Incoming letter dated September 15, 2018 Dear Mr. Dunn: This letter is in response to your correspondence dated September 15, 2018, October 24, 2018 and November 15, 2018 concerning the shareholder proposal (the “Proposal”) submitted to Walgreens Boots Alliance, Inc. (the “Company”) by Mercy Investment Services, Inc. et al. (the “Proponents”) for inclusion in the Company’s proxy materials for its upcoming annual meeting of security holders. We also have received correspondence from the Proponents dated October 8, 2018 and October 30, 2018. Copies of all of the correspondence on which this response is based will be made available on our website at http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8.shtml. For your reference, a brief discussion of the Division’s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, M. Hughes Bates Special Counsel Enclosure cc: Donna Meyer Mercy Investment Services, Inc. [email protected] November 20, 2018 Response of the Office of Chief Counsel Division of Corporation Finance Re: Walgreens Boots Alliance, Inc. Incoming letter dated September 15, 2018 The Proposal urges the board to report to shareholders describing the corporate governance changes the Company has implemented since 2012 to more effectively monitor and manage financial and reputational risks related to the opioid crisis. We are unable to concur in your view that the Company may exclude the Proposal under rule 14a-8(i)(7).
    [Show full text]
  • SEC Complaint
    Case 1:16-cv-11148 Document 1 Filed 06/20/16 Page 1 of 9 UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS __________________________________________ ) SECURITIES AND EXCHANGE ) COMMISSION, ) ) Plaintiff, ) Civil Action No. ) v. ) ) JAMES S. HANNON, ) ) Defendant. ) ) COMPLAINT Plaintiff Securities and Exchange Commission (the “Commission”) alleges the following against defendant James S. Hannon (“Hannon”). SUMMARY 1. This case involves trading by Hannon in the securities of his then-employer, the TJX Companies, Inc. (“TJX”), a publicly-traded Massachusetts-based company that is the parent company of retail store chains T.J. Maxx and Marshalls. 2. In 2012 and 2013, Hannon was a mid-level manager at TJX and, as a result of his position, he had daily access to material, nonpublic information about TJX’s sales. Using this inside knowledge in part, Hannon purchased TJX stock in advance of certain press releases publicly announcing the financial successes of TJX’s retail stores. Shortly thereafter, Hannon sold his TJX stock, reaping trading profits totaling approximately $26,000 when the stock price increased following these public announcements. Case 1:16-cv-11148 Document 1 Filed 06/20/16 Page 2 of 9 NATURE OF THE PROCEEDING AND RELIEF SOUGHT 3. The Commission brings this action pursuant to the authority conferred upon it by Section 21(d) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. § 78u(d)]. The Commission seeks permanent injunctions against the defendant, enjoining him from engaging in the transactions, acts, practices, and courses of business alleged in this Complaint; disgorgement of ill- gotten gains from the unlawful insider trading activity set forth in this Complaint, together with prejudgment interest; and civil penalties pursuant to Section 21A of the Exchange Act [15 U.S.C.
    [Show full text]
  • MERCURY PLAZA Offering Summary 117 Marketplace Drive | Hampton, VA 23666 Highly Desirable Investment Grade Rent Roll with Significant Upside Potential
    MERCURY PLAZA 117 Marketplace Drive | Hampton, VA 23666 Highly Desirable Investment Grade Rent Roll with Significant Upside Potential WALMART ANCHORED 42% OF REVENUE Offering Summary MERCURY PLAZA Adjacent Tenants Not Included: Address: 117 Marketplace Drive | Hampton, VA 23666 TOTAL GLA (SF): LEASED: 93,797 93.2% YEARS BUILT/ PERCENTAGE OF INCOME FROM RENOVATED: NATIONAL CREDIT TENANTS: 2014,2016 94% & 2019 Trade Area Demographics (5-Mile Radius) ADDITIONAL POPULATION: AVG. HH INCOME: DAYTIME POPULATION: 193,786 $63,432 231,256 Offering Summary Mercury Plaza // Cushman & Wakefield 2 OFFERING HIGHLIGHTS FORTRESS INVESTMENT GRADE IDEAL SUBMARKET POSITIONING IN THE ANCHOR CREDIT - 60% OF REVENUE DOMINANT REGIONAL RETAIL NODE (S&P: AA) (S&P: A) • 5-Mile Population of 193,786 / Massive Traffic • Investment Credit Anchors Provide Cash Flow Count of 59,000 VPD on W Mercury Boulevard Durability • Hampton’s Densest Retail Node with 4M+ SF • Significant Lease Term Remaining for Walmart of Inventory within 1.5 Miles of the Property and Marshalls • Expanded Trade Area Draw with Next Closest • Essential Needs Grocery and Treasure-Hunt Value Location for Marshalls and Walmart 17 Miles & Uses Generating High Frequency Consumer Visits 5 Miles, Respectively STRONG TENANT SALES WITH IMMEDIATE OPPORTUNITY TO SIGNIFICANT GROWTH TRAJECTORY DRIVE NOI GROWTH • Walmart Neighborhood Market Sales Increase • 6,382 SF (3 Spaces) Available for Lease-Up of 18% Since 2016 with an Additional 30% Covid • $180,000+ in Additional Revenue Potential Increase / of 20 Grocery
    [Show full text]
  • TJX Companies, Inc
    Marshalls Shallotte, NC BTS-180 TJX Companies, Inc. SPECIFICATIONS NO. 180 OUTLINE SPECIFICATIONS AND REQUIREMENTS FOR NEW CONSTRUCTION TJX Companies, Inc. SPECIFICATION NO. 180 OUTLINE SPECIFICATIONS AND REQUIREMENTS FOR NEW CONSTRUCTION INDEX DIVISION 1- GENERAL REQUIREMENTS .................................................................................................................... 3 SECTION 1A – GENERAL REQUIREMENTS ............................................................................................................... 3 SECTION 1B- CHAIN SPECIFIC REQUIREMENTS ................................................................................................... 10 DIVISION 2 - SITE WORK ........................................................................................................................................... 17 SECTION 2A SITE REQUIREMENTS ......................................................................................................................... 17 DIVISION 3 - CONCRETE ........................................................................................................................................... 21 SECTION 3A CONCRETE ........................................................................................................................................... 21 DIVISION 4 - MASONRY ............................................................................................................................................. 24 SECTION 4A MASONRY ............................................................................................................................................
    [Show full text]
  • 25 Biggest U.S. Retailer's Workers/Ceos 2017
    25 Biggest U.S. Retailer’s Workers/CEOs 2017 Pay In stores and fast-food outlets across the country, here's what typical employees and store managers earn and how their pay compares with compensation for top corporate executives. 25. YUM! Brands Retail sales: $17.97 billion; based in Louisville, Kentucky. (You know the company as KFC, Pizza Hut and Taco Bell). What typical jobs pay on average: Crew members, cashiers and cooks, $8 to $9/hour Shift manager, $29,000/year Assistant manager, $32,000 to $35,000/year Restaurant manager, $38,000 to $41,000/year CEO pay: $12.4 million, 1,358 times median pay of $9,111/year 24. Verizon Wireless Retail sales: $18.89 billion; based in New York What typical jobs pay on average: Solutions specialist (sales rep), $13 to $15/hour Assistant retail store manager, $41,250/year General manager, $60,000/year CEO pay: $17.9 million, 142 times median pay of $126,623/year Page | 1 23. Kohl’s Retail sales: $18.90 billion; based in Menomonee Falls, Wisconsin What typical jobs pay on average: Sales associates and cashiers, $9/hour Department supervisor, $11/hour Area supervisor, $14/hour Assistant store manager, $52,000/year Store manager, $86,000/year CEO pay: $11.3 million, 1,264 times median pay of $8,976/year 22. Rite Aid Retail sales: $21.52 billion; based in Camp Hill, Pennsylvania What typical jobs pay on average: Cashier, $9/hour Assistant store manager, $15/hour Pharmacist, $61/hour Store manager, $52,000/year District manager, $79,000/year Pharmacy manager, $126,000/year CEO pay: $9.3 million, 287 times median pay of $32,471/year Page | 2 21.
    [Show full text]