Each N-PORT filing of SPHY compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,914 positions became 1,932: 188 added (8.7% of the fund), 170 dropped (6.75%). Turnover proxy 18.4%. Largest increases: OAK-EAGLE ACQUIRECO INC 0.13% to 0.21%; CCO HLDGS LLC/CAP CORP 0.1% to 0.18%; GLOBAL MEDICAL RESPONSE 0.04% to 0.12%; POST HOLDINGS INC 0.01% to 0.09%; CCO HLDGS LLC/CAP CORP 0.01% to 0.08%; YUM! BRANDS INC 0.05% to 0.12%. Largest decreases: State Street Global Advisors 1.38% to 0.27%; DISCOVERY HOLDINGS INC 0.19% to 0%; CARNIVAL CORP LTD 0.21% to 0.05%; CARNIVAL CORP LTD 0.12% to 0.03%; DIRECTV FIN LLC/COINC 0.1% to 0.01%; SM ENERGY CO 0.17% to 0.1%. New: MERIDIAN ARC HOLDCO LLC (0.41%), PR RNO PROPERTY OWNER 1 (0.3%), CORE SCIENTIFIC FINANCE (0.25%), CENTENE CORP (0.22%), DISCOVERY HOLDINGS INC (0.2%), CENTENE CORP (0.19%). Gone: MEDLINE BORROWER LP (0.22%), DISCOVERY HOLDINGS INC (0.16%), VENTURE GLOBAL LNG INC (0.15%), NEXSTAR MEDIA INC (0.13%), MEDLINE BORROWER/MEDL CO (0.11%), HLF FIN SARL LLC/HERBALI (0.11%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Aug 2026 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,934 positions became 1,914: 121 added (5.17% of the fund), 141 dropped (4.37%). Turnover proxy 15.1%. Largest increases: State Street Global Advisors 0.35% to 1.38%; CCO HLDGS LLC/CAP CORP 0.14% to 0.22%; CCO HLDGS LLC/CAP CORP 0.12% to 0.19%; VENTURE GLOBAL LNG INC 0.21% to 0.28%; LEVEL 3 FINANCING INC 0.08% to 0.14%; VENTURE GLOBAL LNG INC 0.15% to 0.21%. Largest decreases: CCO HLDGS LLC/CAP CORP 0.2% to 0.08%; RAKUTEN GROUP INC 0.15% to 0.04%; CCO HLDGS LLC/CAP CORP 0.12% to 0.01%; TK ELEVATOR US NEWCO INC 0.1% to 0.01%; CALPINE LLC 0.08% to 0%; MEDLINE BORROWER LP 0.3% to 0.22%. New: SV RNO PROPERTY OWNER 1 (0.27%), ASURION LLC/ASURION CO (0.23%), NEXSTAR MEDIA INC (0.2%), BLACK PEARL COMPUTE LLC (0.14%), CCO HLDGS LLC/CAP CORP (0.13%), OAK-EAGLE ACQUIRECO INC (0.13%). Gone: BOOST NEWCO BORROWER LLC (0.16%), COMMSCOPE LLC (0.12%), CALPINE CORP (0.11%), VISTRA OPERATIONS CO LLC (0.1%), DISH DBS CORP (0.1%), CALPINE CORP (0.09%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 28 May 2026 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,953 positions became 1,934: 154 added (6.5% of the fund), 173 dropped (5.34%). Turnover proxy 15.6%. Largest increases: 1261229 BC LTD 0.33% to 0.47%; TRANSDIGM INC 0.03% to 0.13%; CARVANA CO 0.09% to 0.17%; CCO HLDGS LLC/CAP CORP 0.14% to 0.22%; VIKING CRUISES LTD 0.05% to 0.12%; CCO HLDGS LLC/CAP CORP 0.05% to 0.12%. Largest decreases: State Street Global Advisors 0.64% to 0.35%; MAUSER PACKAGING SOLUT 0.19% to 0%; WEATHERFORD INTERNATIONA 0.12% to 0%; BAUSCH HEALTH COS INC 0.13% to 0.03%; DISH DBS CORP 0.18% to 0.1%; BAUSCH HEALTH COS INC 0.12% to 0.04%. New: WULF COMPUTE LLC (0.22%), ASURION LLC/ASURION CO (0.18%), MAUSER PACKAGING SOLUT (0.17%), APLD COMPUTECO LLC (0.14%), UNITED RENTALS NORTH AM (0.12%), TALEN ENERGY SUPPLY LLC (0.12%). Gone: OLYMPUS WTR US HLDG CORP (0.15%), UNITI GROUP/CSL CAPITAL (0.15%), CARNIVAL CORP (0.13%), ROCKETMTGE CO-ISSUER INC (0.11%), NATIONSTAR MTG HLD INC (0.1%), TENET HEALTHCARE CORP (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 26 Feb 2026 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,932 positions became 1,953: 185 added (8.08% of the fund), 164 dropped (5.7%). Turnover proxy 16.7%. Largest increases: BEACH ACQUISITION BIDCO 0.04% to 0.18%; LEVEL 3 FINANCING INC 0.1% to 0.16%; DIAMOND FRGN/DIAMOND FIN 0.03% to 0.09%; ENERGIZER HOLDINGS INC 0.05% to 0.11%; TRANSDIGM INC 0.09% to 0.14%; HUDBAY MINERALS INC 0.03% to 0.08%. Largest decreases: State Street Global Advisors 0.97% to 0.64%; DIRECTV FIN LLC/COINC 0.25% to 0.1%; CHS/COMMUNITY HEALTH SYS 0.14% to 0%; ZAYO GROUP HOLDINGS INC 0.14% to 0.02%; WARNERMEDIA HOLDINGS INC 0.13% to 0.02%; CCO HLDGS LLC/CAP CORP 0.21% to 0.14%. New: CARNIVAL CORP (0.26%), WARNERMEDIA HOLDINGS INC (0.24%), WARNERMEDIA HOLDINGS INC (0.17%), COREWEAVE INC (0.14%), CONNECT HOLDING II LLC (0.13%), CHS/COMMUNITY HEALTH SYS (0.12%). Gone: CARNIVAL CORP (0.23%), INTELSAT JACKSON HLDG (0.18%), DISH DBS Corp (0.14%), LEVEL 3 FINANCING INC (0.14%), ALTICE FRANCE SA (0.13%), CLEAR CHANNEL OUTDOOR HO (0.13%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 26 Nov 2025 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,954 positions became 1,932: 113 added (5.12% of the fund), 135 dropped (4.21%). Turnover proxy 14.7%. Largest increases: State Street Global Advisors 0.11% to 0.97%; 1261229 BC LTD 0.17% to 0.29%; CELANESE US HOLDINGS LLC 0.03% to 0.1%; COMMSCOPE LLC 0.02% to 0.08%; CARVANA CO 0.11% to 0.17%; QUIKRETE HOLDINGS INC 0.25% to 0.31%. Largest decreases: SAKS GLOBAL ENTERPRISES 0.14% to 0.06%; UNITI GROUP/CSL CAPITAL 0.23% to 0.16%; NFE FINANCING LLC 0.16% to 0.08%; Emera Inc 0.09% to 0.03%; ADIENT GLOBAL HOLDINGS 0.07% to 0.01%; GFL ENVIRONMENTAL INC 0.07% to 0.01%. New: TRANSDIGM INC (0.18%), VOYAGER PARENT LLC (0.16%), COREWEAVE INC (0.16%), BLOCK INC (0.14%), QXO BUILDING PRODUCTS (0.14%), WARNERMEDIA HOLDINGS INC (0.13%). Gone: TRANSDIGM INC (0.16%), ROYAL CARIBBEAN CRUISES (0.16%), BLOCK INC (0.13%), ROYAL CARIBBEAN CRUISES (0.12%), ROYAL CARIBBEAN CRUISES (0.11%), AMERICAN AIRLINES/AADVAN (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 28 Aug 2025 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,913 positions became 1,954: 142 added (5.66% of the fund), 101 dropped (3.52%). Turnover proxy 15.3%. Largest increases: ROYAL CARIBBEAN CRUISES 0.1% to 0.16%; RLJ LODGING TRUST LP 0.01% to 0.07%; ONEMAIN FINANCE CORP 0.05% to 0.11%; UWM HOLDINGS LLC 0.02% to 0.08%; TELECOM ITALIA CAPITAL 0.01% to 0.06%; KINETIK HOLDINGS LP 0.04% to 0.09%. Largest decreases: State Street Global Advisors 0.24% to 0.11%; UNITED AIRLINES INC 0.11% to 0%; WALGREENS BOOTS ALLIANCE 0.1% to 0.01%; H&E EQUIPMENT SERVICES 0.09% to 0%; PRIME SECSRVC BRW/FINANC 0.11% to 0.03%; ECHOSTAR CORP 0.46% to 0.39%. New: QUIKRETE HOLDINGS INC (0.25%), 1261229 BC LTD (0.17%), NISSAN MOTOR CO (0.16%), DIRECTV FIN LLC/COINC (0.15%), CARNIVAL CORP (0.13%), NCL CORPORATION LTD (0.13%). Gone: Western Digital Corp (0.16%), CARNIVAL HLDGS BM LTD (0.15%), UNITED AIRLINES INC (0.14%), Intesa Sanpaolo SpA (0.12%), MOHEGAN TRIBAL GAMING AU (0.12%), NCL CORPORATION LTD (0.09%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 28 May 2025 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,901 positions became 1,913: 128 added (5.56% of the fund), 116 dropped (4.16%). Turnover proxy 19.7%. Largest increases: State Street Global Advisors 0.07% to 0.24%; WINDSTREAM SERVICES/ESCR 0.04% to 0.13%; SENSATA TECHNOLOGIES BV 0.01% to 0.08%; TRANSDIGM INC 0.15% to 0.22%; PG&E CORP 0.08% to 0.15%; UNIVISION COMMUNICATIONS 0.04% to 0.11%. Largest decreases: UniCredit SpA 0.19% to 0.09%; UNITED AIRLINES INC 0.24% to 0.14%; ONEMAIN FINANCE CORP 0.14% to 0.06%; CAESARS ENTERTAIN INC 0.1% to 0.02%; PRIME SECSRVC BRW/FINANC 0.19% to 0.11%; VERICAST CORP 0.07% to 0%. New: ECHOSTAR CORP (0.46%), NFE FINANCING LLC (0.18%), CVS HEALTH CORP (0.17%), SAKS GLOBAL ENTERPRISES (0.15%), ECHOSTAR CORP (0.13%), VIKING BAKED GOODS ACQUI (0.09%). Gone: CONNECT FINCO SARL/CONNE (0.15%), VERITAS US INC/BERMUDA L (0.13%), Bausch Health Cos Inc (0.13%), PERRIGO FINANCE UNLIMITE (0.11%), Ally Financial Inc (0.11%), NMG HLDCO/NEIMAN MARCUS (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 27 Feb 2025 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,915 positions became 1,901: 126 added (6% of the fund), 140 dropped (5.19%). Turnover proxy 17.2%. Largest increases: NOBLE FINANCE II LLC 0.04% to 0.14%; DISH DBS CORP 0.1% to 0.2%; ION TRADING TECHNOLOGIES 0.02% to 0.1%; PRIME SECSRVC BRW/FINANC 0.11% to 0.19%; PENNYMAC FIN SVCS INC 0.03% to 0.1%; CLEVELAND-CLIFFS INC 0.11% to 0.18%. Largest decreases: CARNIVAL CORP 0.25% to 0.16%; CARNIVAL CORP 0.09% to 0.01%; CAESARS ENTERTAIN INC 0.2% to 0.14%; AMS-OSRAM AG 0.08% to 0.02%; TRANSDIGM INC 0.16% to 0.09%; Ally Financial Inc 0.17% to 0.11%. New: JETBLUE AIRWAYS/LOYALTY (0.16%), CONNECT FINCO SARL/CONNE (0.15%), VENTURE GLOBAL LNG INC (0.13%), PRIME HEALTHCARE SERVICE (0.13%), LIGHTNING POWER LLC (0.13%), ROYAL CARIBBEAN CRUISES (0.12%). Gone: State Street Global Advisors (0.39%), ROCKIES EXPRESS PIPELINE (0.17%), CARNIVAL CORP (0.13%), NMG HLDCO/NEIMAN MARCUS (0.11%), HAWAIIAN BRAND INTELLECT (0.11%), YINSON BORONIA PRODUCTIO (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 25 Nov 2024 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,917 positions became 1,915: 138 added (6.81% of the fund), 140 dropped (5.32%). Turnover proxy 17.5%. Largest increases: ROCKIES EXPRESS PIPELINE 0.04% to 0.17%; UKG INC 0.1% to 0.2%; PANTHER ESCROW ISSUER 0.15% to 0.23%; TERRAFORM POWER OPERATIN 0.05% to 0.12%; Western Digital Corp 0.14% to 0.21%; FORTREA HOLDINGS INC 0.05% to 0.12%. Largest decreases: SENSATA TECHNOLOGIES BV 0.08% to 0%; Allied Universal 0.08% to 0%; WYNN RESORTS FINANCE LLC 0.14% to 0.08%; GFL ENVIRONMENTAL INC 0.1% to 0.04%; TELECOM ITALIA CAPITAL 0.1% to 0.04%; C&W SENIOR FINANCE LTD 0.08% to 0.02%. New: MAUSER PACKAGING SOLUT (0.21%), RAKUTEN GROUP INC (0.2%), CLOUD SOFTWARE GRP INC (0.19%), STAPLES INC (0.16%), BRIGHTLINE EAST LLC (0.12%), VISTRA OPERATIONS CO LLC (0.11%). Gone: MAUSER PACKAGING SOLUT (0.23%), Staples Inc (0.16%), NFP CORP (0.15%), FirstEnergy Corp (0.13%), WESCO DISTRIBUTION INC (0.11%), LIFEPT/LEGACY LIFEPT (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 28 Aug 2024 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,880 positions became 1,917: 125 added (7.16% of the fund), 88 dropped (3.53%). Turnover proxy 15.4%. Largest increases: HUB INTERNATIONAL LTD 0.17% to 0.27%; WYNN RESORTS FINANCE LLC 0.06% to 0.14%; ALLIANT HOLD / CO-ISSUER 0.03% to 0.1%; BREAD FINANCIAL HLDGS 0.05% to 0.11%; GOODYEAR TIRE & RUBBER 0.06% to 0.12%; PENNYMAC FIN SVCS INC 0.02% to 0.08%. Largest decreases: State Street Global Advisors 0.64% to 0.36%; CAESARS ENTERTAIN INC 0.25% to 0.02%; Allied Universal 0.15% to 0.08%; DISH NETWORK CORP 0.31% to 0.24%; TENET HEALTHCARE CORP 0.19% to 0.14%; ONEMAIN FINANCE CORP 0.08% to 0.03%. New: CSC HOLDINGS LLC (0.18%), TRANSDIGM INC (0.18%), TRANSDIGM INC (0.17%), NGL ENRGY OP/FIN CORP (0.16%), RAKUTEN GROUP INC (0.16%), PANTHER ESCROW ISSUER (0.15%). Gone: TransDigm Inc (0.33%), NGL ENRGY OP/FIN CORP (0.18%), TENET HEALTHCARE CORP (0.14%), ONEMAIN FINANCE CORP (0.11%), DISH DBS Corp (0.1%), ROYAL CARIBBEAN CRUISES (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 May 2024 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,912 positions became 1,880: 82 added (4.26% of the fund), 114 dropped (6.08%). Turnover proxy 15.6%. Largest increases: State Street Global Advisors 0.54% to 0.64%; Bausch Health Cos Inc 0.09% to 0.18%; VISTRA OPERATIONS CO LLC 0.06% to 0.15%; TransDigm Inc 0.25% to 0.33%; CAESARS ENTERTAIN INC 0.17% to 0.25%; UNIVISION COMMUNICATIONS 0.03% to 0.1%. Largest decreases: GLOBAL AIR LEASE CO LTD 0.15% to 0.04%; CHS/COMMUNITY HEALTH SYS 0.17% to 0.08%; ROYAL CARIBBEAN CRUISES 0.12% to 0.05%; Ball Corp 0.13% to 0.06%; UNIVISION COMMUNICATIONS 0.08% to 0.03%; DISH DBS Corp 0.16% to 0.1%. New: VENTURE GLOBAL LNG INC (0.31%), VENTURE GLOBAL LNG INC (0.19%), SPIRIT AEROSYSTEMS INC (0.13%), EG GLOBAL FINANCE PLC (0.12%), LIFEPOINT HEALTH INC (0.1%), BORR IHC LTD / BORR FIN (0.1%). Gone: AMERICAN AIRLINES INC (0.19%), FORD MOTOR COMPANY (0.18%), FORD MOTOR CREDIT CO LLC (0.16%), FORD MOTOR CREDIT CO LLC (0.15%), FORD MOTOR CREDIT CO LLC (0.13%), FORD MOTOR CREDIT CO LLC (0.13%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 27 Feb 2024 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,907 positions became 1,912: 73 added (3.01% of the fund), 68 dropped (2.51%). Turnover proxy 13.4%. Largest increases: State Street Global Advisors 0.33% to 0.54%; Western Digital Corp 0.1% to 0.2%; Ball Corp 0.06% to 0.13%; ROYAL CARIBBEAN CRUISES 0.05% to 0.12%; Fair Isaac Corp 0.01% to 0.08%; UniCredit SpA 0.08% to 0.14%. Largest decreases: TransDigm Inc 0.37% to 0.25%; CAESARS ENTERTAIN INC 0.27% to 0.17%; WYNN LAS VEGAS LLC/CORP 0.14% to 0.04%; WESTERN DIGITAL CORP 0.11% to 0.02%; AMERICAN AIRLINES/AADVAN 0.33% to 0.27%; ROYAL CARIBBEAN CRUISES 0.08% to 0.02%. New: GTCR W-2 MERGER SUB LLC (0.15%), TENNECO INC (0.14%), BRAND INDUSTRIAL SERVICE (0.13%), TRANSDIGM INC (0.12%), BAUSCH & LOMB ESCROW COR (0.1%), NCR ATLEOS ESCROW CORP (0.09%). Gone: CARVANA CO (0.23%), LAS VEGAS SANDS CORP (0.09%), TransDigm Inc (0.08%), BRAND INDUSTRIAL SERVICE (0.08%), US FOODS INC (0.08%), ARCONIC CORP (0.08%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 Nov 2023 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,942 positions became 1,907: 75 added (4.91% of the fund), 110 dropped (5.11%). Turnover proxy 13.6%. Largest increases: JONES DESLAURIERS INSURA 0.01% to 0.09%; CARVANA CO 0.17% to 0.23%; SEALED AIR/SEALED AIR US 0.02% to 0.07%; TRIUMPH GROUP INC 0.02% to 0.07%; CARNIVAL CORP 0.24% to 0.28%; ROYAL CARIBBEAN CRUISES 0.05% to 0.1%. Largest decreases: State Street Global Advisors 0.87% to 0.33%; Intesa Sanpaolo SpA 0.17% to 0.07%; SABRE GLBL INC 0.08% to 0.01%; VIRGIN MEDIA SECURED FIN 0.18% to 0.11%; ALBERTSONS COS/SAFEWAY 0.18% to 0.11%; OPENLANE INC 0.07% to 0.01%. New: CLOUD SOFTWARE GRP INC (0.28%), VENTURE GLOBAL LNG INC (0.2%), HUB INTERNATIONAL LTD (0.19%), EMERALD DEBT MERGER (0.19%), VENTURE GLOBAL LNG INC (0.19%), TENET HEALTHCARE CORP (0.16%). Gone: Sprint Capital Corp (0.26%), SPRINT LLC (0.21%), Sprint Capital Corp (0.19%), TENET HEALTHCARE CORP (0.14%), OCCIDENTAL PETROLEUM COR (0.14%), OCCIDENTAL PETROLEUM COR (0.13%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Aug 2023 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,927 positions became 1,942: 87 added (4.61% of the fund), 72 dropped (3.33%). Turnover proxy 14.1%. Largest increases: State Street Global Advisors 0.2% to 0.87%; ALBERTSONS COS/SAFEWAY 0.1% to 0.18%; DISH NETWORK CORP 0.19% to 0.26%; WESTERN DIGITAL CORP 0.07% to 0.14%; VIRGIN MEDIA SECURED FIN 0.12% to 0.18%; OCCIDENTAL PETROLEUM COR 0.08% to 0.14%. Largest decreases: INTELSAT JACKSON HLDG 0.24% to 0.18%; CSC HOLDINGS LLC 0.11% to 0.06%; ROCC HOLDINGS LLC 0.05% to 0.01%; AMERICAN AIRLINES INC 0.23% to 0.19%; DIRECTV FIN LLC/COINC 0.28% to 0.24%; Cornerstone Chemical Co 0.04% to 0%. New: MAUSER PACKAGING SOLUT (0.23%), TENET HEALTHCARE CORP (0.22%), UNITI GROUP/CSL CAPITAL (0.21%), TRANSDIGM INC (0.16%), CAESARS ENTERTAIN INC (0.15%), TENET HEALTHCARE CORP (0.15%). Gone: TENET HEALTHCARE CORP (0.19%), UNITI GRP/UNITI HLD/CSL (0.17%), TENET HEALTHCARE CORP (0.17%), Mauser Packaging Solut (0.13%), TENET HEALTHCARE CORP (0.12%), Tenet Healthcare Corp (0.11%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 30 May 2023 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,967 positions became 1,927: 40 added (2.25% of the fund), 80 dropped (4.18%). Turnover proxy 10.7%. Largest increases: CLOUD SOFTWARE GRP HOLDG 0.13% to 0.29%; ROYAL CARIBBEAN CRUISES 0.05% to 0.11%; GEN DIGITAL INC 0.04% to 0.1%; TRIVIUM PACKAGING FIN 0.06% to 0.12%; ROYAL CARIBBEAN CRUISES 0.03% to 0.09%; NEWELL BRANDS INC 0% to 0.05%. Largest decreases: State Street Global Advisors 0.95% to 0.2%; CARVANA CO 0.19% to 0.13%; LUMEN TECHNOLOGIES INC 0.09% to 0.04%; AMC ENTERTAINMENT HLDGS 0.09% to 0.05%; UNIVISION COMMUNICATIONS 0.15% to 0.11%; BAUSCH HEALTH AMERICAS 0.08% to 0.04%. New: CARNIVAL HLDGS BM LTD (0.19%), DISH NETWORK CORP (0.19%), NEPTUNE BIDCO US INC (0.16%), FORD MOTOR CREDIT CO LLC (0.13%), SPIRIT AEROSYSTEMS INC (0.11%), BAUSCH HEALTH COS INC (0.11%). Gone: CENTENE CORP (0.25%), Sprint Corp (0.22%), CENTENE CORP (0.19%), CENTENE CORP (0.16%), CENTENE CORP (0.14%), CENTENE CORP (0.14%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 Feb 2023 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/2,014 positions became 1,967: 44 added (1.74% of the fund), 91 dropped (4.07%). Turnover proxy 11.9%. Largest increases: State Street Global Advisors 0.47% to 0.95%; TENET HEALTHCARE CORP 0.07% to 0.16%; UNITED AIRLINES INC 0.08% to 0.15%; SS&C Technologies Inc 0.09% to 0.15%; ALTICE FRANCE SA 0.1% to 0.16%; FORD MOTOR COMPANY 0.11% to 0.16%. Largest decreases: Sprint Corp 0.36% to 0.22%; CNX Resources Corp 0.09% to 0.01%; Commerzbank AG 0.13% to 0.05%; CINEMARK USA INC 0.1% to 0.03%; INTERNATIONAL GAME TECH 0.1% to 0.03%; United Airlines Holdings 0.08% to 0.02%. New: PICARD MIDCO INC (0.13%), FORD MOTOR COMPANY (0.13%), CCO HLDGS LLC/CAP CORP (0.12%), LAS VEGAS SANDS CORP (0.11%), CHENIERE ENERGY PARTNERS (0.08%), MALLINCKRODT FIN/SB (0.08%). Gone: T-MOBILE USA INC (0.16%), T-MOBILE USA INC (0.16%), ROYAL CARIBBEAN CRUISES (0.14%), Par Pharmaceutical Inc (0.13%), T-Mobile USA Inc (0.12%), Tenet Healthcare Corp (0.12%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Nov 2022 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/2,088 positions became 2,014: 53 added (2.24% of the fund), 127 dropped (6.12%). Turnover proxy 14.7%. Largest increases: T-MOBILE USA INC 0.07% to 0.16%; FORD MOTOR CREDIT CO LLC 0.06% to 0.14%; T-MOBILE USA INC 0.09% to 0.16%; T-MOBILE USA INC 0.04% to 0.11%; ROYAL CARIBBEAN CRUISES 0.08% to 0.14%; CONSENSUS CLOUD SOLUTION 0.02% to 0.08%. Largest decreases: Quebecor Media Inc 0.09% to 0.02%; Kraft Heinz Foods Co 0.06% to 0%; TRIUMPH GROUP INC 0.11% to 0.06%; BAUSCH HEALTH AMERICAS 0.15% to 0.1%; OCCIDENTAL PETROLEUM COR 0.1% to 0.05%; STONEX GROUP INC 0.1% to 0.04%. New: CARVANA CO (0.22%), INTELSAT JACKSON HLDG (0.2%), FRONTIER COMMUNICATIONS (0.09%), MINERAL RESOURCES LTD (0.09%), FORD MOTOR COMPANY (0.09%), TENET HEALTHCARE CORP (0.07%). Gone: Ford Motor Credit Co LLC (0.16%), HCA INC (0.16%), Kraft Heinz Foods Co (0.15%), HCA Inc (0.15%), HCA Inc (0.13%), Bausch Health Cos Inc (0.12%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 26 Aug 2022 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/2,097 positions became 2,088: 80 added (2.93% of the fund), 89 dropped (3.49%). Turnover proxy 13.6%. Largest increases: MPT OPER PARTNERSP/FINL 0.04% to 0.12%; CVR ENERGY INC 0.03% to 0.1%; Sprint Corp 0.28% to 0.35%; Commerzbank AG 0.07% to 0.14%; TRIUMPH GROUP INC 0.05% to 0.11%; Tenet Healthcare Corp 0.08% to 0.14%. Largest decreases: State Street Global Advisors 0.77% to 0.49%; KRAFT HEINZ FOODS CO 0.13% to 0.05%; INSTALLED BUILDING PRODU 0.1% to 0.04%; FORD MOTOR COMPANY 0.19% to 0.12%; Post Holdings Inc 0.1% to 0.04%; Southwestern Energy Co 0.06% to 0.01%. New: CONDOR MERGER SUB INC (0.13%), MINERVA MERGER SUB INC (0.12%), FORD MOTOR CREDIT CO LLC (0.11%), PARAMOUNT GLOBAL (0.09%), CCO HLDGS LLC/CAP CORP (0.08%), VZ SECURED FINANCING BV (0.08%). Gone: Freeport-McMoRan Inc (0.12%), CHS/COMMUNITY HEALTH SYS (0.12%), FORD MOTOR CREDIT CO LLC (0.11%), DIAMOND SPORTS GR/DIAMON (0.1%), Ziggo BV (0.1%), United States Treasury (0.09%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 27 May 2022 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/2,098 positions became 2,097: 130 added (5.49% of the fund), 131 dropped (6.01%). Turnover proxy 15.7%. Largest increases: Ford Motor Credit Co LLC 0.06% to 0.16%; DIRECTV FIN LLC/COINC 0.16% to 0.25%; Dun & Bradstreet Corp 0.02% to 0.08%; HCA Inc 0.04% to 0.11%; INSTALLED BUILDING PRODU 0.04% to 0.1%; FAIR ISAAC CORP 0.03% to 0.09%. Largest decreases: State Street Global Advisors 1.29% to 0.77%; WEATHERFORD INTL LTD 0.16% to 0.05%; Kraft Heinz Foods Co 0.2% to 0.13%; CCO HLDGS LLC/CAP CORP 0.17% to 0.1%; CLARIOS GLOBAL LP/US FIN 0.17% to 0.11%; ALTICE FRANCE SA 0.2% to 0.14%. New: MOZART DEBT MERGER SUB (0.29%), MOZART DEBT MERGER SUB (0.17%), DISH DBS CORP (0.17%), DISH DBS CORP (0.15%), FORD MOTOR COMPANY (0.15%), CARNIVAL CORP (0.12%). Gone: FORD MOTOR COMPANY (0.27%), FORD MOTOR COMPANY (0.24%), Western Digital Corp (0.15%), Netflix Inc (0.14%), FORD MOTOR COMPANY (0.14%), SPRINT COMMUNICATIONS (0.13%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Feb 2022 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/2,061 positions became 2,098: 199 added (8.07% of the fund), 162 dropped (6.83%). Turnover proxy 20.5%. Largest increases: State Street Global Advisors 0.57% to 1.29%; SIRIUS XM RADIO INC 0.04% to 0.15%; CENTENE CORP 0.04% to 0.13%; VMED O2 UK FINAN 0.05% to 0.14%; 1011778 BC / NEW RED FIN 0.03% to 0.11%; T-Mobile USA Inc 0.09% to 0.17%. Largest decreases: CARNIVAL CORP 0.28% to 0.09%; OCCIDENTAL PETROLEUM COR 0.19% to 0.09%; HOWMET AEROSPACE INC 0.09% to 0%; Post Holdings Inc 0.15% to 0.07%; CSC Holdings LLC 0.14% to 0.06%; ROYAL CARIBBEAN CRUISES 0.16% to 0.09%. New: ALTICE FRANCE SA (0.2%), DIRECTV HOLDINGS/FING (0.16%), ALTICE FINANCING SA (0.16%), CARNIVAL CORP (0.15%), CHENIERE ENERGY INC (0.13%), CCO HLDGS LLC/CAP CORP (0.12%). Gone: Centene Corp (0.15%), Altice Financing SA (0.14%), CHENIERE ENERGY INC (0.13%), MACY'S INC (0.11%), Quicken Loans Inc (0.11%), Tesla Inc (0.1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 26 Nov 2021 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,927 positions became 2,061: 292 added (9.66% of the fund), 158 dropped (6.81%). Turnover proxy 22.2%. Largest increases: AMERICAN AIRLINES/AADVAN 0.09% to 0.22%; CCO HLDGS LLC/CAP CORP 0.08% to 0.18%; AMERICAN AIRLINES/AADVAN 0.13% to 0.21%; SENSATA TECHNOLOGIES BV 0.05% to 0.13%; ALCOA NEDERLAND HOLDING 0.01% to 0.08%; SABRE GLBL INC 0.06% to 0.12%. Largest decreases: ALTICE FRANCE SA 0.34% to 0.1%; TARGA RESOURCES PARTNERS 0.2% to 0.09%; Sirius XM Radio Inc 0.18% to 0.08%; JAGUAR LAND ROVER AUTOMO 0.15% to 0.05%; TALEN ENERGY SUPPLY LLC 0.13% to 0.04%; Sprint Corp 0.37% to 0.28%. New: CCO HLDGS LLC/CAP CORP (0.18%), UNITED AIRLINES INC (0.14%), JBS USA/FOOD/FINANCE (0.14%), ALTICE FRANCE SA (0.13%), IMOLA MERGER CORP (0.13%), ORGANON & CO/ORG (0.12%). Gone: CCO HLDGS LLC/CAP CORP (0.28%), CCO HLDGS LLC/CAP CORP (0.16%), Delta Air Lines Inc (0.15%), CSC Holdings LLC (0.15%), LADDER CAP FIN LLLP/CORP (0.15%), Ball Corp (0.13%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 23 Aug 2021 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,804 positions became 1,927: 265 added (12.3% of the fund), 142 dropped (7.47%). Turnover proxy 26.6%. Largest increases: State Street Global Advisors 0.32% to 0.63%; CCO HLDGS LLC/CAP CORP 0.09% to 0.28%; OCCIDENTAL PETROLEUM COR 0.02% to 0.19%; CENTENE CORP 0.04% to 0.15%; FRONTIER COMMUNICATIONS 0.01% to 0.12%; LADDER CAP FIN LLLP/CORP 0.05% to 0.15%. Largest decreases: SEVEN GENERATIONS ENERGY 0.23% to 0.03%; COMPASS GROUP DIVERSIFIE 0.17% to 0.03%; APX Group Inc 0.17% to 0.04%; FORD MOTOR COMPANY 0.28% to 0.15%; Mattel Inc 0.13% to 0.02%; CCO HLDGS LLC/CAP CORP 0.18% to 0.08%. New: CARNIVAL CORP (0.26%), FORD MOTOR CREDIT CO LLC (0.18%), SBA COMMUNICATIONS CORP (0.14%), KRAFT HEINZ FOODS CO (0.14%), TECHNIPFMC PLC (0.14%), Deutsche Bank AG (0.13%). Gone: KRAFT HEINZ FOODS CO (0.19%), T-Mobile USA Inc (0.18%), PetSmart Inc (0.15%), CHS/COMMUNITY HEALTH SYS (0.15%), Cenovus Energy Inc (0.15%), Post Holdings Inc (0.14%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 May 2021 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,658 positions became 1,804: 285 added (12.83% of the fund), 139 dropped (8%). Turnover proxy 25%. Largest increases: 1011778 BC / NEW RED FIN 0.06% to 0.21%; ICAHN ENTERPRISES/FIN 0.04% to 0.16%; SEVEN GENERATIONS ENERGY 0.12% to 0.23%; OCI NV 0.04% to 0.15%; APX Group Inc 0.06% to 0.17%; CCO HLDGS LLC/CAP CORP 0.05% to 0.16%. Largest decreases: State Street Global Advisors 0.53% to 0.32%; NIELSEN FINANCE LLC/CO 0.24% to 0.04%; SUNOCO LP/FINANCE CORP 0.14% to 0.01%; CCO HLDGS LLC/CAP CORP 0.3% to 0.18%; NORTONLIFELOCK INC 0.18% to 0.07%; VIRGIN MEDIA VEND FIN IV 0.2% to 0.09%. New: LIGADO NETWORKS LLC (0.22%), CSC Holdings LLC (0.19%), FirstEnergy Corp (0.17%), PRIME HEALTHCARE SERVICE (0.16%), VAREX IMAGING CORPORATIO (0.15%), CONTINENTAL RESOURCES (0.14%). Gone: CENTENE CORP (0.29%), Sprint Corp (0.22%), CHS/COMMUNITY HEALTH SYS (0.21%), OCCIDENTAL PETROLEUM COR (0.21%), DEUTSCHE BANK NY (0.2%), JEFFERIES FIN LLC / JFIN (0.2%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 26 Feb 2021 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,512 positions became 1,658: 259 added (12.6% of the fund), 113 dropped (6.92%). Turnover proxy 23.1%. Largest increases: CARNIVAL CORP 0.04% to 0.3%; FORD MOTOR COMPANY 0.16% to 0.35%; Intesa Sanpaolo SpA 0.11% to 0.27%; DEUTSCHE BANK NY 0.05% to 0.2%; CCO HLDGS LLC/CAP CORP 0.11% to 0.26%; CAESARS ENTERTAIN INC 0.13% to 0.27%. Largest decreases: State Street Global Advisors 1.09% to 0.53%; CIT Group Inc 0.27% to 0.07%; DELL INT LLC / EMC CORP 0.31% to 0.1%; OCCIDENTAL PETROLEUM COR 0.33% to 0.13%; CLEAR CHANNEL WORLDWIDE 0.36% to 0.18%; ArcelorMittal 0.15% to 0.02%. New: CSC Holdings LLC (0.27%), CSC HOLDINGS LLC (0.2%), UniCredit SpA (0.18%), ROYAL CARIBBEAN CRUISES (0.18%), Entegris Inc (0.18%), VERTICAL HOLDCO GMBH (0.17%). Gone: CCO HLDGS LLC/CAP CORP (0.31%), CSC Holdings LLC (0.27%), CSC Holdings LLC (0.21%), Ford Motor Credit Co LLC (0.2%), Ford Motor Credit Co LLC (0.2%), RYMAN HOSPITALITY PROP (0.18%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 27 Nov 2020 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,337 positions became 1,512: 304 added (22.63% of the fund), 129 dropped (7.74%). Turnover proxy 32.2%. Largest increases: T-Mobile USA Inc 0.06% to 0.26%; Range Resources Corp 0.01% to 0.15%; SSL ROBOTICS LLC 0.01% to 0.14%; Sprint Corp 0.11% to 0.23%; Bausch Health Cos Inc 0.16% to 0.27%; NRG Energy Inc 0.05% to 0.16%. Largest decreases: CenturyLink Inc 0.56% to 0.11%; CHS/COMMUNITY HEALTH SYS 0.63% to 0.24%; LADDER CAP FIN LLLP/CORP 0.47% to 0.08%; State Street Global Advisors 1.48% to 1.09%; TERRAFORM GLOBAL OPERATI 0.51% to 0.13%; TRANSDIGM UK HOLDINGS 0.39% to 0.09%. New: CENTENE CORP (0.36%), CLEAR CHANNEL WORLDWIDE (0.36%), OCCIDENTAL PETROLEUM COR (0.34%), OCCIDENTAL PETROLEUM COR (0.33%), CENTENE CORP (0.33%), FORD MOTOR COMPANY (0.3%). Gone: CENTENE CORP (0.5%), Bausch Health Cos Inc (0.31%), Navient Corp (0.3%), Kraft Heinz Foods Co (0.25%), DISH DBS Corp (0.24%), INTELSAT JACKSON HLDG (0.23%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 27 Aug 2020 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,215 positions became 1,337: 226 added (17.15% of the fund), 104 dropped (7.92%). Turnover proxy 31.9%. Largest increases: State Street Global Advisors 0.34% to 1.48%; LADDER CAP FIN LLLP/CORP 0.01% to 0.47%; CENTENE CORP 0.11% to 0.5%; CCO HLDGS LLC/CAP CORP 0.18% to 0.51%; BAUSCH HEALTH AMERICAS 0.03% to 0.35%; Ball Corp 0.06% to 0.37%. Largest decreases: WEATHERFORD INTL LTD 0.7% to 0.17%; Tenet Healthcare Corp 0.4% to 0.19%; MGM RESORTS INTL 0.24% to 0.05%; TARGA RESOURCES PARTNERS 0.29% to 0.1%; CHESAPEAKE ENERGY CORP 0.21% to 0.03%; HCA Inc 0.29% to 0.13%. New: CenturyLink Inc (0.56%), TERRAFORM GLOBAL OPERATI (0.51%), TRANSDIGM UK HOLDINGS (0.39%), Kraft Heinz Foods Co (0.37%), ALTICE FRANCE HOLDING SA (0.36%), Kraft Heinz Foods Co (0.35%). Gone: ZAYO GROUP LLC/ZAYO CAP (0.28%), Altice Financing SA (0.28%), Altice Luxembourg SA (0.25%), UPCB Finance IV Ltd (0.25%), SOTHEBY'S (0.25%), FRONTIER COMMUNICATIONS (0.24%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 01 Jun 2020 12:00:00 GMThttps://themulden.com/funds/sphy/https://themulden.com/funds/sphy/1,173 positions became 1,215: 156 added (11.91% of the fund), 114 dropped (8.18%). Turnover proxy 20.4%. Largest increases: Sprint Capital Corp 0.08% to 0.37%; Tenet Healthcare Corp 0.13% to 0.4%; T-Mobile USA Inc 0.28% to 0.45%; CCO HLDGS LLC/CAP CORP 0.2% to 0.35%; Freeport-McMoRan Inc 0.13% to 0.28%; MCGRAW-HILL GLOBAL ED 0.02% to 0.16%. Largest decreases: CSC HOLDINGS LLC 0.53% to 0.26%; State Street Global Advisors 0.61% to 0.34%; DELL INT LLC / EMC CORP 0.32% to 0.08%; PATRICK INDUSTRIES INC 0.26% to 0.03%; BEAZER HOMES USA 0.26% to 0.03%; CSC Holdings LLC 0.36% to 0.14%. New: WEATHERFORD INTL LTD (0.7%), TARGA RESOURCES PARTNERS (0.29%), ALTICE FRANCE SA (0.27%), TRANSDIGM INC (0.26%), Intesa Sanpaolo SpA (0.26%), IHO Verwaltungs GmbH (0.26%). Gone: ARD Securities Finance SARL (0.28%), Altice France SA/France (0.26%), Virgin Media Secured Finance PLC (0.26%), Telenet Finance Luxembourg Notes Sarl (0.26%), Altice Luxembourg SA (0.26%), Ally Financial Inc (0.22%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 27 Feb 2020 12:00:00 GMT