```

                                                             OMB APPROVAL
                                                     OMB Number:       3235-0578
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                                                     hours per response.....
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                                 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 811-21781

                         Pioneer Series Trust IV
               (Exact name of registrant as specified in charter)

                       60 State Street, Boston, MA 02109
              (Address of principal executive offices) (ZIP code)

            Terrence J. Cullen, Pioneer Investment Management, Inc.,
                       60 State Street, Boston, MA 02109
                    (Name and address of agent for service)

Registrant's telephone number, including area code:  (617) 742-7825

Date of fiscal year end:  July 31

Date of reporting period:  October 31, 2015

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.

<PAGE>
ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in
ss. 210.12-12  12-14 of Regulation S-X [17 CFR 210.12-12  12-14]. The
schedules need not be audited.
```

|                                                                                                                                                             |                 |             |                                                                                                                                     | Pioneer Classic Balanced Fund                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------|------------------|------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
|                                                                                                                                                             |                 |             |                                                                                                                                     | Schedule of Investments 10/31/15 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | Principal Amount ($) | FloatingRate (b) |                                                                                                                                     | Value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                             |                 |             |                                                                                                                                     | PREFERRED STOCKS - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Banks - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             | 779                  | 7.88             |                                                                                                                                     | Citigroup Capital XIII, Floating Rate Note, 10/30/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 19,787                                                                        |
|                                                                                                                                                             | 332                  | 6.00             |                                                                                                                                     | US Bancorp, Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 8,898                                                                         |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 28,685                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 28,685                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Financials - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Asset Management & Custody Banks - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             | 1,400                | 5.90             |                                                                                                                                     | State Street Corp., Floating Rate Note, 12/31/73                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 37,268                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 37,268                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Insurance - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Property & Casualty Insurance - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 14,499               | 5.10             |                                                                                                                                     | The Allstate Corp., Floating Rate Note, 1/15/53                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 373,059                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Insurance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 373,059                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL PREFERRED STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $426,941)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 439,012                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | CONVERTIBLE PREFERRED STOCKS - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Banks - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 700                  |             |                                                                                                                                     | Wells Fargo & Co., 7.5% (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 829,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 829,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL CONVERTIBLE PREFERRED STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $730,069)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 829,500                                                                       |
|                                                                                                                                                             | Shares               |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | COMMON STOCKS - 62.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Energy - 4.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Equipment & Services - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 55,854               |             |                                                                                                                                     | Halliburton Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 2,143,677                                                                     |
|                                                                                                                                                             | 23,608               |             |                                                                                                                                     | Schlumberger, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 1,845,201                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,988,878                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Integrated Oil & Gas - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 19,712               |             |                                                                                                                                     | Occidental Petroleum Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 1,469,332                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Exploration & Production - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 36,590               |             |                                                                                                                                     | ConocoPhillips                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 1,952,076                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Refining & Marketing - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 16,025               |             |                                                                                                                                     | Phillips 66                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 1,427,026                                                                     |
|                                                                                                                                                             | 20,406               |             |                                                                                                                                     | Valero Energy Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 1,345,164                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 2,772,190                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Storage & Transportation - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 48,083               |             |                                                                                                                                     | Spectra Energy Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,373,731                                                                     |
|                                                                                                                                                             | 14,844               |             |                                                                                                                                     | Targa Resources Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 848,335                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 2,222,066                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 12,404,542                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Materials - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Commodity Chemicals - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 18,617               |             |                                                                                                                                     | LyondellBasell Industries NV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 1,729,705                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Fertilizers & Agricultural Chemicals - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 15,978               |             |                                                                                                                                     | Monsanto Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 1,489,469                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 3,219,174                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Capital Goods - 2.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Aerospace & Defense - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 32,185               |             |                                                                                                                                     | Honeywell International, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 3,324,067                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Industrial Machinery - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 28,435               |             |                                                                                                                                     | Ingersoll-Rand Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 1,685,058                                                                     |
|                                                                                                                                                             | 14,531               |             |                                                                                                                                     | Snap-on, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 2,410,548                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 4,095,606                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 7,419,673                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Commercial Services & Supplies - 2.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Support Services - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             | 36,435               |             |                                                                                                                                     | G&K Services, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 2,398,152                                                                     |
|                                                                                                                                                             | 57,491               |             |                                                                                                                                     | KAR Auction Services, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 2,207,654                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 4,605,806                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Research & Consulting Services - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 48,740               |             |                                                                                                                                     | Nielsen Holdings Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 2,315,637                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Commercial Services & Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 6,921,443                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Transportation - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Airlines - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 68,623               |             |                                                                                                                                     | American Airlines Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 3,171,755                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Transportation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,171,755                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobiles & Components - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobile Manufacturers - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 116,863              |             |                                                                                                                                     | Ford Motor Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 1,730,741                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Automobiles & Components                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 1,730,741                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Services - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Restaurants - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 25,007               |             |                                                                                                                                     | McDonald's Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 2,807,036                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Consumer Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 2,807,036                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Media - 3.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Broadcasting - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             | 41,020               |             |                                                                                                                                     | CBS Corp. (Class B)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 1,908,250                                                                     |
|                                                                                                                                                             | 79,640               |             |                                                                                                                                     | Gannett Co, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 1,259,905                                                                     |
|                                                                                                                                                             | 46,817               |             |                                                                                                                                     | TEGNA, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 1,265,932                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 4,434,087                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Movies & Entertainment - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 62,856               |             |                                                                                                                                     | Regal Entertainment Group                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 1,218,149                                                                     |
|                                                                                                                                                             | 27,002               |             |                                                                                                                                     | Time Warner, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 2,034,331                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,252,480                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Publishing - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 43,108               |             |                                                                                                                                     | Time, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 800,947                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 8,487,514                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Retailing - 2.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | General Merchandise Stores - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 33,149               |             |                                                                                                                                     | Dollar General Corp. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 2,246,508                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Home Improvement Retail - 1.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 43,993               |             |                                                                                                                                     | The Home Depot, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 5,439,295                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 7,685,803                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Food & Staples Retailing - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Drug Retail - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 47,115               |             |                                                                                                                                     | CVS Health Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 4,654,020                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Food & Staples Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 4,654,020                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Food, Beverage & Tobacco - 3.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Brewers - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 33,871               |             |                                                                                                                                     | Molson Coors Brewing Co. (Class B)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 2,984,035                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Soft Drinks - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 60,340               |             |                                                                                                                                     | The Coca-Cola Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 2,555,399                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Tobacco - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 39,503               |             |                                                                                                                                     | Altria Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 2,388,746                                                                     |
|                                                                                                                                                             | 44,635               |             |                                                                                                                                     | Reynolds American, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 2,156,763                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 4,545,509                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Food, Beverage & Tobacco                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 10,084,943                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Equipment & Services - 3.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Equipment - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 34,797               |             |                                                                                                                                     | Medtronic PLC                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 2,572,194                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Distributors - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 17,123               |             |                                                                                                                                     | McKesson Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 3,061,592                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Services - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 27,926               |             |                                                                                                                                     | Express Scripts Holding Co. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 2,412,248                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Managed Health Care - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 11,853               |             |                                                                                                                                     | Humana, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 2,117,301                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Health Care Equipment & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 10,163,335                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 9.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Biotechnology - 3.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | 34,018               |             |                                                                                                                                     | AbbVie, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 2,025,772                                                                     |
|                                                                                                                                                             | 30,423               |             |                                                                                                                                     | Celgene Corp. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 3,733,206                                                                     |
|                                                                                                                                                             | 46,649               |             |                                                                                                                                     | Gilead Sciences, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 5,044,156                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 10,803,134                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Pharmaceuticals - 5.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 11,221               |             |                                                                                                                                     | Allergan plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 3,461,342                                                                     |
|                                                                                                                                                             | 46,850               |             |                                                                                                                                     | AstraZeneca Plc (A.D.R.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 1,494,046                                                                     |
|                                                                                                                                                             | 18,322               |             |                                                                                                                                     | Johnson & Johnson                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 1,851,072                                                                     |
|                                                                                                                                                             | 72,810               |             |                                                                                                                                     | Merck & Co., Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 3,979,795                                                                     |
|                                                                                                                                                             | 160,522              |             |                                                                                                                                     | Pfizer, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 5,428,854                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 16,215,109                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 27,018,243                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 6.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Banks - 3.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 252,407              |             |                                                                                                                                     | Bank of America Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 4,235,389                                                                     |
|                                                                                                                                                             | 60,331               |             |                                                                                                                                     | JPMorgan Chase & Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 3,876,267                                                                     |
|                                                                                                                                                             | 47,630               |             |                                                                                                                                     | Wells Fargo & Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 2,578,688                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 10,690,344                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Regional Banks - 2.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 83,430               |             |                                                                                                                                     | Citizens Financial Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 2,027,349                                                                     |
|                                                                                                                                                             | 63,219               |             |                                                                                                                                     | People's United Financial, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 1,008,343                                                                     |
|                                                                                                                                                             | 33,707               |             |                                                                                                                                     | The PNC Financial Services Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 3,042,394                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 6,078,086                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Thrifts & Mortgage Finance - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 66,025               |             |                                                                                                                                     | New York Community Bancorp, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 1,090,733                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 17,859,163                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Financials - 3.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Specialized Finance - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 29,443               |             |                                                                                                                                     | CME Group, Inc./IL                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 2,781,480                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Finance - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 21,609               |             |                                                                                                                                     | Discover Financial Services, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 1,214,858                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Asset Management & Custody Banks - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 108,544              |             |                                                                                                                                     | Ares Capital Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 1,653,125                                                                     |
|                                                                                                                                                             | 79,985               |             |                                                                                                                                     | TCP Capital Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 1,163,782                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 2,816,907                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Investment Banking & Brokerage - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 40,533               |             |                                                                                                                                     | Lazard, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 1,877,489                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 8,690,734                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Real Estate - 2.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Hotel & Resort REIT - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 113,913              |             |                                                                                                                                     | Chesapeake Lodging Trust                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 3,137,164                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Specialized REIT - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 63,616               |             |                                                                                                                                     | Iron Mountain Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 1,949,194                                                                     |
|                                                                                                                                                             | 16,773               |             |                                                                                                                                     | Lamar Advertising Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 946,500                                                                       |
|                                                                                                                                                             | 35,968               |             |                                                                                                                                     | Outfront Media, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 849,204                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,744,898                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Real Estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 6,882,062                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Software & Services - 8.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Internet Software & Services - 4.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 8,314                |             |                                                                                                                                     | Alphabet, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 6,130,660                                                                     |
|                                                                                                                                                             | 4,036                |             |                                                                                                                                     | Alphabet, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 2,868,829                                                                     |
|                                                                                                                                                             | 55,863               |             |                                                                                                                                     | eBay, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 1,558,578                                                                     |
|                                                                                                                                                             | 33,545               |             |                                                                                                                                     | Facebook, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 3,420,584                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 13,978,651                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Systems Software - 3.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 11,576               |             |                                                                                                                                     | Check Point Software Technologies, Ltd. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 983,265                                                                       |
|                                                                                                                                                             | 170,647              |             |                                                                                                                                     | Microsoft Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 8,982,862                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 9,966,127                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Software & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 23,944,778                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Technology Hardware & Equipment - 2.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Communications Equipment - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 20,586               |             |                                                                                                                                     | F5 Networks, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 2,268,577                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Computer Storage & Peripherals - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 48,163               |             |                                                                                                                                     | Apple, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 5,755,478                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Technology Hardware & Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 8,024,055                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 1.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors - 1.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 22,941               |             |                                                                                                                                     | Analog Devices, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,379,213                                                                     |
|                                                                                                                                                             | 52,036               |             |                                                                                                                                     | Intel Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 1,761,939                                                                     |
|                                                                                                                                                             | 40,694               |             |                                                                                                                                     | Microchip Technology, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 1,965,113                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 5,106,265                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 5,106,265                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Telecommunication Services - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Integrated Telecommunication Services - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 43,541               |             |                                                                                                                                     | Verizon Communications, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 2,041,202                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Telecommunication Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 2,041,202                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL COMMON STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $152,178,620)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 178,316,481                                                                   |
|                                                                                                                                                             | Principal Amount ($) |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |
|                                                                                                                                                             |                 |             |                                                                                                                                     | ASSET BACKED SECURITIES - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Hotels, Resorts & Cruise Lines - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 383,524              |             |                                                                                                                                     | Westgate Resorts 2014-1 LLC, 3.25%, 12/20/26 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 383,044                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Consumer Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 383,044                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Thrifts & Mortgage Finance - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Ascentium Equipment Receivables 2015-1 LLC, 3.24%, 1/10/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 251,635                                                                       |
|                                                                                                                                                             | 104,752              | 0.69             |                                                                                                                                     | Bayview Financial Mortgage Pass-Through Trust 2005-C, Floating Rate Note, 6/28/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 103,972                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | California Republic Auto Receivables Trust 2014-3, 3.61%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 150,931                                                                       |
|                                                                                                                                                             | 149,444              |             |                                                                                                                                     | Consumer Credit Origination Loan Trust 2015-1, 2.82%, 3/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 150,019                                                                       |
|                                                                                                                                                             | 76,719               |             |                                                                                                                                     | Credit-Based Asset Servicing and Securitization LLC, 4.6097%, 7/25/35 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 77,108                                                                        |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Flagship Credit Auto Trust 2013-1, 5.38%, 7/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 252,749                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Green Tree Agency Advance Funding Trust I, 4.6692%, 10/15/48 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 249,150                                                                       |
|                                                                                                                                                             | 49,685               |             |                                                                                                                                     | Lehman ABS Manufactured Housing Contract Trust 2001-B, 5.873%, 5/15/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 52,255                                                                        |
|                                                                                                                                                             | 189,803              |             |                                                                                                                                     | Nations Equipment Finance Funding II LLC, 3.276%, 1/22/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 190,028                                                                       |
|                                                                                                                                                             | 350,000              |             |                                                                                                                                     | Navitas Equipment Receivables LLC 2015-1, 4.5%, 5/17/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 352,526                                                                       |
|                                                                                                                                                             | 265,000              | 1.77             |                                                                                                                                     | NovaStar Mortgage Funding Trust Series 2004-3, Floating Rate Note, 12/25/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 251,685                                                                       |
|                                                                                                                                                             | 435,000              | 0.80             |                                                                                                                                     | PFS Financing Corp., Floating Rate Note, 2/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 432,929                                                                       |
|                                                                                                                                                             | 397,167              |             |                                                                                                                                     | STORE Master Funding LLC, 4.21%, 4/20/44 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 410,027                                                                       |
|                                                                                                                                                             | 151,793              |             |                                                                                                                                     | STORE Master Funding LLC, 5.77%, 8/20/42 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 166,514                                                                       |
|                                                                                                                                                             | 45,727               | 0.33             |                                                                                                                                     | Structured Asset Securities Corp Mortgage Loan Trust 2007-BC2, Floating Rate Note, 3/25/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 45,561                                                                                    |
|                                                                                                                                                             | 479,430              |             |                                                                                                                                     | SVO 2012-A VOI Mortgage LLC, 2.0%, 9/20/29 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 474,633                                                                       |
|                                                                                                                                                             | 109,615              |             |                                                                                                                                     | VOLT XIX LLC, 3.875%, 4/26/55 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 109,837                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,721,559                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 3,721,559                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Financials - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Other Diversified Financial Services - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             | 99,989               |             |                                                                                                                                     | AXIS Equipment Finance Receivables II LLC, 3.81%, 12/20/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 101,204                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Finance - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | AmeriCredit Automobile Receivables Trust 2012-4, 3.82%, 2/10/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 254,425                                                                       |
|                                                                                                                                                             | 19,783               |             |                                                                                                                                     | California Republic Auto Receivables Trust 2012-1, 1.18%, 8/15/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 19,785                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 274,210                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 375,414                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Government - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Government - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 154,707              | 2.19             |                                                                                                                                     | Fannie Mae Connecticut Avenue Securities, Floating Rate Note, 10/25/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 155,997                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Government                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 155,997                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL ASSET BACKED SECURITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $4,630,396)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 4,636,014                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | COLLATERALIZED MORTGAGE OBLIGATIONS - 2.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Materials - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Forest Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 350,000              |             |                                                                                                                                     | TimberStar Trust I, 7.5296%, 10/15/36 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 357,063                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 357,063                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Thrifts & Mortgage Finance - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 217,143              | 0.49             |                                                                                                                                     | ASG Resecuritization Trust 2010-3, Floating Rate Note, 12/29/45 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 208,702                                                                       |
|                                                                                                                                                             | 330,000              | 2.40             |                                                                                                                                     | BAMLL Commercial Mortgage Securities Trust 2014-FL1, Floating Rate Note, 12/17/31 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 329,732                                                                                   |
|                                                                                                                                                             | 200,000              | 2.15             |                                                                                                                                     | BAMLL Commercial Mortgage Securities Trust 2014-INLD, Floating Rate Note, 12/17/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 199,246                                                                                   |
|                                                                                                                                                             | 125,852              |             |                                                                                                                                     | Banc of America Alternative Loan Trust 2003-2, 5.75%, 4/25/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 130,359                                                                       |
|                                                                                                                                                             | 32,763               |             |                                                                                                                                     | Banc of America Mortgage Trust 2004-11, 5.75%, 1/25/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 33,485                                                                        |
|                                                                                                                                                             | 38,186               | 4.99             |                                                                                                                                     | Bear Stearns Commercial Mortgage Securities Trust 2005-PWR9, Floating Rate Note, 9/11/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 38,272                                                                                    |
|                                                                                                                                                             | 290,000              | 2.05             |                                                                                                                                     | Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 291,564                                                                       |
|                                                                                                                                                             | 100,000              | 4.65             |                                                                                                                                     | City Center Trust 2011-CCHP, Floating Rate Note, 7/17/28 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 100,739                                                                       |
|                                                                                                                                                             | 168,000              |             |                                                                                                                                     | COMM 2012-CCRE4 Mortgage Trust, 2.436%, 10/17/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 169,310                                                                       |
|                                                                                                                                                             | 70,810               |             |                                                                                                                                     | Credit Suisse First Boston Mortgage Securities Corp., 4.877%, 4/15/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 70,761                                                                        |
|                                                                                                                                                             | 333,000              | 1.50             |                                                                                                                                     | Del Coronado Trust 2013-DEL, Floating Rate Note, 3/16/26 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 332,582                                                                       |
|                                                                                                                                                             | 420,000              | 3.38             |                                                                                                                                     | GAHR Commercial Mortgage Trust 2015-NRF, Floating Rate Note, 12/15/34 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 416,433                                                                       |
|                                                                                                                                                             | 72,970               |             |                                                                                                                                     | Global Mortgage Securitization, Ltd., 5.25%, 4/25/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 70,554                                                                        |
|                                                                                                                                                             | 199,539              | 0.81             |                                                                                                                                     | Impac CMB Trust Series 2004-4, Floating Rate Note, 9/25/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 190,716                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2, 3.6159%, 11/15/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 258,292                                                                                   |
|                                                                                                                                                             | 1,009,562            | 3.00             |                                                                                                                                     | JP Morgan Mortgage Trust 2014-2, Floating Rate Note, 6/25/29 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 1,029,950                                                                     |
|                                                                                                                                                             | 32,741               | 0.98             |                                                                                                                                     | Merrill Lynch Mortgage Investors Trust Series MLCC 2004-D REMICS, Floating Rate Note, 9/25/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 28,389                                                                                    |
|                                                                                                                                                             | 198,649              | 5.46             |                                                                                                                                     | ML-CFC Commercial Mortgage Trust 2006-1, Floating Rate Note, 2/12/39                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 198,830                                                                       |
|                                                                                                                                                             | 621,198              | 3.25             |                                                                                                                                     | NRP Mortgage Trust 2013-1, Floating Rate Note, 7/25/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 615,134                                                                       |
|                                                                                                                                                             | 22,844               |             |                                                                                                                                     | ORES NPL 2013-LV2 LLC, 3.081%, 9/25/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 22,821                                                                        |
|                                                                                                                                                             | 58,137               |             |                                                                                                                                     | RALI Series 2004-QS3 Trust, 5.0%, 3/25/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 58,286                                                                        |
|                                                                                                                                                             | 101,657              | 2.35             |                                                                                                                                     | Resource Capital Corp. CRE Notes 2013, Ltd., Floating Rate Note, 6/15/16 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 101,668                                                                       |
|                                                                                                                                                             | 78,472               | 2.25             |                                                                                                                                     | Sequoia Mortgage Trust 2013-8, Floating Rate Note, 6/25/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 76,289                                                                        |
|                                                                                                                                                             | 132,571              | 3.00             |                                                                                                                                     | Sequoia Mortgage Trust 2013-8, Floating Rate Note, 6/25/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 129,738                                                                       |
|                                                                                                                                                             | 89,354               | 2.92             |                                                                                                                                     | Structured Adjustable Rate Mortgage Loan Trust Class 1A1, Floating Rate Note, 3/25/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 88,679                                                                                    |
|                                                                                                                                                             | 93,724               | 2.27             |                                                                                                                                     | Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 1/25/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 92,565                                                                        |
|                                                                                                                                                             | 479,342              | 2.63             |                                                                                                                                     | Velocity Commercial Capital Loan Trust 2015-1, Floating Rate Note, 6/25/45 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 476,946                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 5,760,042                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 5,760,042                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Government - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Government - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 781,510              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp. REMICS, 3.5%, 11/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 827,799                                                                       |
|                                                                                                                                                             | 88,141               | 0.86             |                                                                                                                                     | Federal Home Loan Mortgage Corp. REMICS, Floating Rate Note, 2/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 90,802                                                                        |
|                                                                                                                                                             | 89,545               | 0.61             |                                                                                                                                     | Federal Home Loan Mortgage Corp. REMICS, Floating Rate Note, 5/15/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 90,148                                                                        |
|                                                                                                                                                             | 58,808               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.0%, 10/15/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 60,573                                                                        |
|                                                                                                                                                             | 66,834               | 0.51             |                                                                                                                                     | Federal National Mortgage Association REMICS, Floating Rate Note, 11/25/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 66,992                                                                        |
|                                                                                                                                                             | 96,705               | 0.49             |                                                                                                                                     | Federal National Mortgage Association REMICS, Floating Rate Note, 4/25/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 97,044                                                                        |
|                                                                                                                                                             | 270,781              | 0.64             |                                                                                                                                     | Federal National Mortgage Association REMICS, Floating Rate Note, 7/25/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 272,494                                                                       |
|                                                                                                                                                             | 43,419               | 0.74             |                                                                                                                                     | Federal National Mortgage Association REMICS, Floating Rate Note, 9/25/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 43,922                                                                        |
|                                                                                                                                                             | 26,958               | 1.54             |                                                                                                                                     | Freddie Mac Structured Agency Credit Risk Debt Notes, Floating Rate Note, 8/25/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 26,955                                                                        |
|                                                                                                                                                             | 580,922              |             |                                                                                                                                     | Freddie Mac, 3.5%, 10/15/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 597,454                                                                       |
|                                                                                                                                                             | 109,000              | 3.95             |                                                                                                                                     | FREMF Mortgage Trust Class B, Floating Rate Note, 6/25/47 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 113,316                                                                       |
|                                                                                                                                                             | 46,699               | 0.72             |                                                                                                                                     | Government National Mortgage Association, Floating Rate Note, 11/20/30                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 47,034                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 2,334,533                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Government                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 2,334,533                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $8,434,632)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 8,451,638                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | CORPORATE BONDS - 16.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Energy - 2.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Drilling - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Ensco Plc, 4.5%, 10/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 203,988                                                                       |
|                                                                                                                                                             | 225,000              |             |                                                                                                                                     | Pride International, Inc., 6.875%, 8/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 221,603                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Rowan Companies, Inc., 4.75%, 1/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 78,029                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 503,620                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Equipment & Services - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Helmerich & Payne International Drilling Co., 4.65%, 3/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 253,686                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 169,375                                                                       |
|                                                                                                                                                             | 205,000              |             |                                                                                                                                     | Weatherford International, Ltd. Bermuda, 9.625%, 3/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 213,200                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 636,261                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Integrated Oil & Gas - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | ConocoPhillips Co., 2.875%, 11/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 250,664                                                                       |
|                                                                                                                                                             | 175,000              |             |                                                                                                                                     | Ecopetrol SA, 4.25%, 9/18/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 178,062                                                                       |
|                                                                                                                                                             | 175,000              |             |                                                                                                                                     | Exxon Mobil Corp., 2.397%, 3/6/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 174,752                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Statoil ASA, 2.9%, 11/8/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 257,162                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 860,640                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Exploration & Production - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Dolphin Energy, Ltd., 5.5%, 12/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 226,000                                                                       |
|                                                                                                                                                             | 400,000              |             |                                                                                                                                     | Novatek OAO via Novatek Finance, Ltd., 4.422%, 12/13/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 358,080                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 584,080                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Refining & Marketing - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | GS Caltex Corp., 3.25%, 10/1/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 305,850                                                                       |
|                                                                                                                                                             | 360,000              |             |                                                                                                                                     | Motiva Enterprises LLC, 5.75%, 1/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 393,733                                                                       |
|                                                                                                                                                             | 370,000              |             |                                                                                                                                     | Valero Energy Corp., 9.375%, 3/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 448,668                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,148,251                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Oil & Gas Storage & Transportation - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Boardwalk Pipelines LP, 4.95%, 12/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 228,742                                                                       |
|                                                                                                                                                             | 330,000              |             |                                                                                                                                     | Boardwalk Pipelines LP, 5.5%, 2/1/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 337,900                                                                       |
|                                                                                                                                                             | 125,000              |             |                                                                                                                                     | Buckeye Partners LP, 6.05%, 1/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 131,881                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | DCP Midstream LLC, 9.75%, 3/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 216,847                                                                       |
|                                                                                                                                                             | 250,000              | 5.85             |                                                                                                                                     | DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 199,375                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Energy Transfer Partners LP, 2.5%, 6/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 247,131                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Enterprise Products Operating LLC, 2.55%, 10/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 249,118                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Kinder Morgan, Inc. Delaware, 3.05%, 12/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 193,869                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Plains All American Pipeline LP, 4.9%, 2/15/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 222,082                                                                       |
|                                                                                                                                                             | 425,000              |             |                                                                                                                                     | Questar Pipeline Co., 5.83%, 2/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 461,468                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Spectra Energy Capital LLC, 6.75%, 7/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 218,279                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | The Williams Companies, Inc., 5.75%, 6/24/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 146,376                                                                       |
|                                                                                                                                                             | 242,000              |             |                                                                                                                                     | The Williams Companies, Inc., 7.75%, 6/15/31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 226,413                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | TransCanada PipeLines, Ltd., 1.875%, 1/12/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 100,304                                                                       |
|                                                                                                                                                             | 200,000              | 6.35             |                                                                                                                                     | TransCanada PipeLines, Ltd., Floating Rate Note, 5/15/67                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 166,000                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,345,785                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Coal & Consumable Fuels - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Corp Nacional del Cobre de Chile, 5.625%, 10/18/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 249,362                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Other Diversified Financial Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Sinopec Group Overseas Development 2014, Ltd., 4.375%, 4/10/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 261,856                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 7,589,855                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Materials - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Fertilizers & Agricultural Chemicals - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Agrium, Inc., 4.125%, 3/15/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 223,239                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | FMC Corp., 4.1%, 2/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 250,840                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Monsanto Co., 1.15%, 6/30/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 199,255                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 673,334                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Industrial Gases - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Praxair Inc., 2.65%, 2/5/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 241,910                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Specialty Chemicals - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Cytec Industries, Inc., 3.5%, 4/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 194,230                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | The Valspar Corp., 3.3%, 2/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 96,417                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 290,647                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Construction Materials - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 125,000              |             |                                                                                                                                     | Holcim US Finance Sarl & Cie SCS, 6.0%, 12/30/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 140,272                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Metals & Mining - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 350,000              |             |                                                                                                                                     | Gold Fields Orogen Holdings BVI, Ltd., 4.875%, 10/7/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 283,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Steel - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Glencore Funding LLC, 4.125%, 5/30/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 161,500                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Reliance Steel & Aluminum Co., 4.5%, 4/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 235,594                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Worthington Industries, Inc., 4.55%, 4/15/26                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 150,352                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 547,446                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Paper Products - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | International Paper Co., 3.8%, 1/15/26                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 249,466                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | International Paper Co., 6.0%, 11/15/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 275,485                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 524,951                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 2,702,060                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Capital Goods - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Aerospace & Defense - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Rockwell Collins, Inc., 3.7%, 12/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 208,314                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | United Technologies Corp., 1.778%, 5/4/18 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 249,119                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 457,433                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Building Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Masco Corp., 4.45%, 4/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 250,625                                                                       |
|                                                                                                                                                             | 175,000              | 5.75             |                                                                                                                                     | Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 185,062                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 435,687                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Industrial Conglomerates - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | 3M Co., 1.625%, 6/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 200,564                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Construction & Farm Machinery & Heavy Trucks - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Cummins, Inc., 5.65%, 3/1/98                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 261,584                                                                       |
|                                                                                                                                                             | 46,000               |             |                                                                                                                                     | Cummins, Inc., 6.75%, 2/15/27                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 58,104                                                                        |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Wabtec Corp. Delaware, 4.375%, 8/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 258,842                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 578,530                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Industrial Machinery - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | CNH Industrial Capital LLC, 3.375%, 7/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 196,750                                                                       |
|                                                                                                                                                             | 51,000               |             |                                                                                                                                     | Valmont Industries, Inc., 6.625%, 4/20/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 58,092                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 254,842                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 1,927,056                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Commercial Services & Supplies - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Research & Consulting Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 225,000              |             |                                                                                                                                     | Verisk Analytics, Inc., 5.5%, 6/15/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 215,190                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Commercial Services & Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 215,190                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Transportation - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Airlines - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 139,269              |             |                                                                                                                                     | Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 141,358                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Air Canada 2015-1 Class A Pass Through Trust, 3.6%, 9/15/28 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 241,250                                                                       |
|                                                                                                                                                             | 1,993                |             |                                                                                                                                     | Continental Airlines 1998-1 Class A Pass Through Trust, 6.648%, 9/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 2,053                                                                         |
|                                                                                                                                                             | 63,064               |             |                                                                                                                                     | Delta Air Lines 2010-2 Class A Pass Through Trust, 4.95%, 5/23/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 66,060                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 450,721                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Railroads - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Burlington Northern Santa Fe LLC, 5.15%, 9/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 161,024                                                                       |
|                                                                                                                                                             | 250,000              | N/A              |                                                                                                                                     | PennUnion Re, Ltd., Floating Rate Note, 12/7/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 250,300                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 411,324                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Highways & Railtracks - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | ERAC USA Finance LLC, 4.5%, 2/15/45 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 278,917                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Transportation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,140,962                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobiles & Components - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Auto Parts & Equipment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 145,000              |             |                                                                                                                                     | Delphi Corp., 4.15%, 3/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 145,483                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Johnson Controls, Inc., 1.4%, 11/2/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 248,328                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 393,811                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobile Manufacturers - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Ford Motor Credit Co. LLC, 2.875%, 10/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 253,102                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Automobiles & Components                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 646,913                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Durables & Apparel - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Homebuilding - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | DR Horton, Inc., 4.0%, 2/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 206,000                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Consumer Durables & Apparel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 206,000                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Services - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Hotels, Resorts & Cruise Lines - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Marriott International, Inc., 3.125%, 10/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 251,922                                                                       |
|                                                                                                                                                             | 120,000              |             |                                                                                                                                     | Marriott International, Inc., 3.375%, 10/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 123,766                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 375,688                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Restaurants - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 140,000              |             |                                                                                                                                     | Starbucks Corp., 0.875%, 12/5/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 140,118                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Education Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Colby College, 4.25%, 7/1/55                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 228,410                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Consumer Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 744,216                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Media - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Cable & Satellite - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | CCO Safari II LLC, 6.384%, 10/23/35 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 257,522                                                                       |
|                                                                                                                                                             | 125,000              |             |                                                                                                                                     | Sky Plc, 6.1%, 2/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 136,025                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 393,547                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Movies & Entertainment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | The Met, 3.4%, 7/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 225,213                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Publishing - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 95,000               |             |                                                                                                                                     | Thomson Reuters Corp., 0.875%, 5/23/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 95,007                                                                        |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Thomson Reuters Corp., 1.3%, 2/23/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 249,592                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 344,599                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 963,359                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Retailing - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Catalog Retail - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 225,000              |             |                                                                                                                                     | QVC, Inc., 4.45%, 2/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 213,727                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Apparel Retail - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | The TJX Companies, Inc., 2.75%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 253,330                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Home Improvement Retail - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | The Home Depot, Inc., 2.625%, 6/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 251,569                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 718,626                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Food & Staples Retailing - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Drug Retail - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | CVS Health Corp., 3.5%, 7/20/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 257,906                                                                       |
|                                                                                                                                                             | 158,534              |             |                                                                                                                                     | CVS Pass-Through Trust, 5.298%, 1/11/27 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 175,180                                                                       |
|                                                                                                                                                             | 109,578              |             |                                                                                                                                     | CVS Pass-Through Trust, 5.773%, 1/10/33 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 120,387                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 553,473                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Food & Staples Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 553,473                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Food, Beverage & Tobacco - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Brewers - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 55,000               |             |                                                                                                                                     | Anheuser-Busch InBev Worldwide, Inc., 7.75%, 1/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 64,236                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Agricultural Products - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 410,000              |             |                                                                                                                                     | Viterra, Inc., 5.95%, 8/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 369,000                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Packaged Foods & Meats - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Kraft Foods Group, Inc., 3.5%, 6/6/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 254,950                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Tobacco - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 50,000               |             |                                                                                                                                     | Philip Morris International, Inc., 3.25%, 11/10/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 50,665                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Food, Beverage & Tobacco                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 738,851                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Household & Personal Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Household Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Kimberly-Clark de Mexico SAB de CV, 3.8%, 4/8/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 202,834                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Reckitt Benckiser Treasury Services Plc, 2.125%, 9/21/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 200,494                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 403,328                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Household & Personal Products                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 403,328                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Equipment & Services - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Health Care Equipment - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Becton Dickinson and Co., 1.8%, 12/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 251,332                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Boston Scientific Corp., 2.65%, 10/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 151,596                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 402,928                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Managed Health Care - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Anthem, Inc., 3.3%, 1/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 99,158                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Health Care Equipment & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 502,086                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Biotechnology - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | 165,000              |             |                                                                                                                                     | Gilead Sciences, Inc., 3.25%, 9/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 167,322                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 167,322                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Banks - 1.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Banks - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | Bank of America Corp., 4.1%, 7/24/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 313,528                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Citigroup, Inc., 2.55%, 4/8/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 252,440                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Citigroup, Inc., 3.875%, 3/26/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 243,942                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Netherlands, 3.875%, 2/8/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 211,707                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | Export-Import Bank of Korea, 2.875%, 9/17/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 307,351                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | First Tennessee Bank NA, 2.95%, 12/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 250,702                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | HSBC Holdings Plc, 4.875%, 1/14/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 220,036                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Intesa Sanpaolo S.p.A., 3.125%, 1/15/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 251,065                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 230,376                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 282,295                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Nordea Bank AB, 4.25%, 9/21/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 255,498                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Royal Bank of Canada, 1.45%, 9/9/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 151,060                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Wells Fargo & Co., 4.125%, 8/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 208,138                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,178,138                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Regional Banks - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 138,000              |             |                                                                                                                                     | BB&T Corp., 1.6%, 8/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 138,641                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | HSBC Bank USA NA New York NY, 6.0%, 8/9/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 267,993                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | KeyBank NA Cleveland Ohio, 2.25%, 3/16/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 298,237                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | SunTrust Bank, 1.35%, 2/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 299,920                                                                       |
|                                                                                                                                                             | 210,000              | 6.75             |                                                                                                                                     | The PNC Financial Services Group, Inc., Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 226,319                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,231,110                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 4,409,248                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Financials - 2.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Other Diversified Financial Services - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 290,000              |             |                                                                                                                                     | Alterra Finance LLC, 6.25%, 9/30/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 330,969                                                                       |
|                                                                                                                                                             | 400,000              |             |                                                                                                                                     | Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 425,230                                                                       |
|                                                                                                                                                             | 121,000              |             |                                                                                                                                     | General Electric Capital Corp., 6.75%, 3/15/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 158,684                                                                       |
|                                                                                                                                                             | 650,000              | 6.75             |                                                                                                                                     | JPMorgan Chase & Co., Floating Rate Note, 8/29/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 705,250                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,620,133                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Specialized Finance - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 175,000              |             |                                                                                                                                     | Aviation Capital Group Corp., 6.75%, 4/6/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 198,188                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros, 5.5%, 7/16/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 204,000                                                                       |
|                                                                                                                                                             | 500,000              |             |                                                                                                                                     | Private Export Funding Corp., 2.3%, 9/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 507,472                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | USAA Capital Corp., 2.45%, 8/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 252,363                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,162,023                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Finance - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Ally Financial, Inc., 3.6%, 5/21/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 253,125                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | American Express Co., 1.55%, 5/22/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 249,080                                                                       |
|                                                                                                                                                             | 360,000              |             |                                                                                                                                     | Capital One Bank USA NA, 8.8%, 7/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 432,215                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | Capital One Financial Corp., 3.75%, 4/24/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 303,295                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Capital One NA, 1.65%, 2/5/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 248,582                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Toyota Motor Credit Corp., 0.75%, 3/3/17 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 149,854                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,636,151                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Asset Management & Custody Banks - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | KKR Group Finance Co. II LLC, 5.5%, 2/1/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 310,524                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Neuberger Berman Group LLC, 4.875%, 4/15/45 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 219,970                                                                       |
|                                                                                                                                                             | 250,000              | 4.50             |                                                                                                                                     | The Bank of New York Mellon Corp., Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 232,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 762,994                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Investment Banking & Brokerage - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 75,000               |             |                                                                                                                                     | KKR Group Finance Co III LLC, 5.125%, 6/1/44 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 74,116                                                                        |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Morgan Stanley, 2.65%, 1/27/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 251,674                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Morgan Stanley, 4.1%, 5/22/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 254,027                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 579,817                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Capital Markets - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 413,989              |             |                                                                                                                                     | GE Capital International Funding Co., 4.418%, 11/15/35 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 429,633                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 6,190,751                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Insurance - 2.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Life & Health Insurance - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 220,000              |             |                                                                                                                                     | Principal Financial Group, Inc., 3.3%, 9/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 218,617                                                                       |
|                                                                                                                                                             | 335,000              |             |                                                                                                                                     | Protective Life Corp., 7.375%, 10/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 393,899                                                                       |
|                                                                                                                                                             | 200,000              | 5.62             |                                                                                                                                     | Prudential Financial, Inc., Floating Rate Note, 6/15/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 209,300                                                                       |
|                                                                                                                                                             | 150,000              | 5.88             |                                                                                                                                     | Prudential Financial, Inc., Floating Rate Note, 9/15/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 159,000                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 980,816                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Multi-line Insurance - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | AIG, 3.875%, 1/15/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 187,385                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | AXA SA, 8.6%, 12/15/30                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 342,345                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | New York Life Global Funding, 1.125%, 3/1/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 200,133                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | New York Life Global Funding, 1.45%, 12/15/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 200,327                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 930,190                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Property & Casualty Insurance - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 170,000              |             |                                                                                                                                     | OneBeacon US Holdings, Inc., 4.6%, 11/9/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $                                                                                         | 172,018                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | The Hanover Insurance Group, Inc., 6.375%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 283,286                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 455,304                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Reinsurance - 1.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              | 3.66             |                                                                                                                                     | Acorn Re, Ltd., Floating Rate Note, 7/17/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 252,000                                                                       |
|                                                                                                                                                             | 250,000              | 5.95             |                                                                                                                                     | Alamo Re, Ltd., Floating Rate Note, 6/7/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 259,550                                                                       |
|                                                                                                                                                             | 250,000              | 5.25             |                                                                                                                                     | Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 252,350                                                                       |
|                                                                                                                                                             | 250,000              | 0.00             |                                                                                                                                     | Compass Re II, Ltd., Floating Rate Note, 12/8/15 (Cat Bond)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 249,050                                                                       |
|                                                                                                                                                             | 250,000              | 3.78             |                                                                                                                                     | East Lane Re VI, Ltd., Floating Rate Note, 3/13/20 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 250,725                                                                       |
|                                                                                                                                                             | 274,050              |             |                                                                                                                                     | Exeter Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/7/16 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 298,112                                                                       |
|                                                                                                                                                             | 250,000              | 3.76             |                                                                                                                                     | Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 247,775                                                                       |
|                                                                                                                                                             | 250,000              | 4.77             |                                                                                                                                     | Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 250,375                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Kingsbarn 2015 Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 12/18/15 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 244,525                                                                                   |
|                                                                                                                                                             | 250,000              | 4.27             |                                                                                                                                     | Longpoint Re, Ltd. III, Floating Rate Note, 5/18/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 251,725                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Lorenz Re, Ltd., Variable Rate Notes, 3/31/18 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 106,890                                                                       |
|                                                                                                                                                             | 222,333              |             |                                                                                                                                     | Muirfield Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/12/16 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 248,924                                                                       |
|                                                                                                                                                             | 250,000              | 5.75             |                                                                                                                                     | Queen Street X Re, Ltd., Floating Rate Note, 6/8/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 246,250                                                                       |
|                                                                                                                                                             | 250,000              | 5.30             |                                                                                                                                     | Residential Reinsurance 2013, Ltd., Floating Rate Note, 12/6/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 250,300                                                                       |
|                                                                                                                                                             | 250,000              | 3.01             |                                                                                                                                     | Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 245,725                                                                       |
|                                                                                                                                                             | 250,000              | 4.00             |                                                                                                                                     | Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 251,325                                                                       |
|                                                                                                                                                             | 250,000              | 3.87             |                                                                                                                                     | Sanders Re, Ltd., Floating Rate Note, 6/7/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 253,100                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Sector Re V, Ltd., Variable Rate Notes, 3/1/20 (144A) (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 263,725                                                                       |
|                                                                                                                                                             | 229,417              |             |                                                                                                                                     | Troon Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/12/16 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 249,192                                                                       |
|                                                                                                                                                             | 250,000              | 3.56             |                                                                                                                                     | Vita Capital V, Ltd., Floating Rate Note, 1/15/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 252,550                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 4,924,168                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Insurance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 7,290,478                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Real Estate - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified REIT - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | DCT Industrial Operating Partnership LP, 4.5%, 10/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 201,218                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | Duke Realty LP, 3.75%, 12/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 293,286                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Essex Portfolio LP, 3.5%, 4/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 242,468                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 736,972                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Office REIT - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 110,000              |             |                                                                                                                                     | Alexandria Real Estate Equities, Inc., 4.6%, 4/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 114,918                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Highwoods Realty LP, 3.625%, 1/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 249,541                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 364,459                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Specialized REIT - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 50,000               |             |                                                                                                                                     | CubeSmart LP, 4.8%, 7/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 53,914                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Real Estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 1,155,345                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Software & Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Data Processing & Outsourced Services - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 44,000               |             |                                                                                                                                     | First Data Corp., 8.25%, 1/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 46,145                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Systems Software - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Oracle Corp., 2.5%, 5/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 246,894                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Software & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 293,039                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Technology Hardware & Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Communications Equipment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Cisco Systems, Inc., 2.9%, 3/4/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 154,799                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Cisco Systems, Inc., 3.5%, 6/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 259,502                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 414,301                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Technology Hardware, Storage & Peripherals - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Seagate HDD Cayman, 4.875%, 6/1/27 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 217,308                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Electronic Manufacturing Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Flextronics International, Ltd., 4.75%, 6/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 243,750                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Technology Hardware & Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 875,359                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Altera Corp., 2.5%, 11/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 253,910                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Intel Corp., 4.9%, 7/29/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 259,992                                                                       |
|                                                                                                                                                             | 175,000              |             |                                                                                                                                     | Micron Semiconductor Asia Pte, Ltd., 1.258%, 1/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 174,857                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Texas Instruments, Inc., 0.875%, 3/12/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 200,039                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Xilinx, Inc., 3.0%, 3/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 151,618                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,040,416                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 1,040,416                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Telecommunication Services - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Integrated Telecommunication Services - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | AT&T, Inc., 4.75%, 5/15/46                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 229,539                                                                       |
|                                                                                                                                                             | 350,000              |             |                                                                                                                                     | Telefonica Emisiones SAU, 5.462%, 2/16/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 390,593                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | Telefonica Emisiones SAU, 6.221%, 7/3/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 322,372                                                                       |
|                                                                                                                                                             | 195,000              |             |                                                                                                                                     | Verizon Communications, Inc., 5.012%, 8/21/54                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 180,256                                                                       |
|                                                                                                                                                             | 196,000              |             |                                                                                                                                     | Verizon Communications, Inc., 6.55%, 9/15/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 234,617                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,357,377                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Wireless Telecommunication Services - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Crown Castle Towers LLC, 3.222%, 5/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 245,758                                                                       |
|                                                                                                                                                             | 240,000              |             |                                                                                                                                     | Crown Castle Towers LLC, 4.883%, 8/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 259,184                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Crown Castle Towers LLC, 5.495%, 1/15/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 256,478                                                                       |
|                                                                                                                                                             | 140,000              |             |                                                                                                                                     | Crown Castle Towers LLC, 6.113%, 1/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 154,611                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | WCP Issuer llc, 6.657%, 8/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 103,217                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,019,248                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Telecommunication Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 2,376,625                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Utilities - 1.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Electric Utilities - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 225,000              |             |                                                                                                                                     | Commonwealth Edison Co., 6.15%, 9/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 244,436                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Electricite de France SA, 6.0%, 1/22/14 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 101,234                                                                       |
|                                                                                                                                                             | 250,000              | 5.25             |                                                                                                                                     | Electricite de France SA, Floating Rate Note (Perpetual) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 248,750                                                                       |
|                                                                                                                                                             | 270,000              |             |                                                                                                                                     | Enel Finance International NV, 5.125%, 10/7/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 295,349                                                                       |
|                                                                                                                                                             | 200,000              | 8.13             |                                                                                                                                     | Enel S.p.A., Floating Rate Note, 9/24/73 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 230,500                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Exelon Corp., 2.85%, 6/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      | 250,199                                                                       |
|                                                                                                                                                             | 76,781               |             |                                                                                                                                     | FPL Energy American Wind LLC, 6.639%, 6/20/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 77,941                                                                        |
|                                                                                                                                                             | 13,318               |             |                                                                                                                                     | FPL Energy Wind Funding LLC, 6.876%, 6/27/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 13,052                                                                        |
|                                                                                                                                                             | 560,000              |             |                                                                                                                                     | Iberdrola International BV, 6.75%, 7/15/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 688,848                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Israel Electric Corp., Ltd., 6.7%, 2/10/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 210,400                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Israel Electric Corp., Ltd., 7.25%, 1/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      | 224,650                                                                       |
|                                                                                                                                                             | 125,000              |             |                                                                                                                                     | Nevada Power Co., 6.5%, 8/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 140,643                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | NextEra Energy Capital Holdings, Inc., 2.056%, 9/1/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 251,204                                                                       |
|                                                                                                                                                             | 64,343               |             |                                                                                                                                     | Orcal Geothermal, Inc., 6.21%, 12/30/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 66,273                                                                        |
|                                                                                                                                                             | 275,000              |             |                                                                                                                                     | Public Service Co. of New Mexico, 7.95%, 5/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      | 311,243                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Southwestern Electric Power Co., 3.9%, 4/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 221,205                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 3,575,927                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Gas Utilities - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Southern California Gas Co., 5.125%, 11/15/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 288,952                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Multi-Utilities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 415,000              |             |                                                                                                                                     | New York State Electric & Gas Corp., 6.15%, 12/15/17 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 444,027                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Independent Power Producers & Energy Traders - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 78,188               |             |                                                                                                                                     | Alta Wind Holdings LLC, 7.0%, 6/30/35 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 84,710                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 4,393,616                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL CORPORATE BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $46,544,380)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 47,244,174                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 13.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 1,678,109            |             |                                                                                                                                     | Fannie Mae, 3.5%, 7/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 1,749,820                                                                     |
|                                                                                                                                                             | 989,268              |             |                                                                                                                                     | Fannie Mae, 3.5%, 8/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 1,030,442                                                                     |
|                                                                                                                                                             | 137,551              |             |                                                                                                                                     | Fannie Mae, 4.0%, 1/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 146,867                                                                       |
|                                                                                                                                                             | 507,861              |             |                                                                                                                                     | Fannie Mae, 4.0%, 2/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 541,590                                                                       |
|                                                                                                                                                             | 665,999              |             |                                                                                                                                     | Fannie Mae, 4.0%, 2/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 710,237                                                                       |
|                                                                                                                                                             | 649,331              |             |                                                                                                                                     | Fannie Mae, 4.0%, 3/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 692,462                                                                       |
|                                                                                                                                                             | 817,061              |             |                                                                                                                                     | Fannie Mae, 4.0%, 6/1/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 875,088                                                                       |
|                                                                                                                                                             | 611,668              |             |                                                                                                                                     | Fannie Mae, 4.0%, 7/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 651,477                                                                       |
|                                                                                                                                                             | 399,396              |             |                                                                                                                                     | Fannie Mae, 4.0%, 7/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 425,389                                                                       |
|                                                                                                                                                             | 355,821              |             |                                                                                                                                     | Fannie Mae, 4.0%, 8/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 378,989                                                                       |
|                                                                                                                                                             | 351,874              |             |                                                                                                                                     | Fannie Mae, 4.0%, 8/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 374,975                                                                       |
|                                                                                                                                                             | 575,593              |             |                                                                                                                                     | Fannie Mae, 4.0%, 9/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 613,726                                                                       |
|                                                                                                                                                             | 406,288              |             |                                                                                                                                     | Fannie Mae, 4.0%, 9/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 433,275                                                                       |
|                                                                                                                                                             | 322,677              |             |                                                                                                                                     | Fannie Mae, 4.0%, 9/1/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 344,415                                                                       |
|                                                                                                                                                             | 507,725              |             |                                                                                                                                     | Fannie Mae, 4.0%, 9/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 540,769                                                                       |
|                                                                                                                                                             | 30,838               |             |                                                                                                                                     | Fannie Mae, 4.5%, 11/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 32,145                                                                        |
|                                                                                                                                                             | 9,118                |             |                                                                                                                                     | Fannie Mae, 4.5%, 12/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 10,035                                                                        |
|                                                                                                                                                             | 686,970              |             |                                                                                                                                     | Fannie Mae, 4.5%, 12/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 744,319                                                                       |
|                                                                                                                                                             | 534,988              |             |                                                                                                                                     | Fannie Mae, 4.5%, 4/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 581,356                                                                       |
|                                                                                                                                                             | 740,343              |             |                                                                                                                                     | Fannie Mae, 4.5%, 6/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 804,252                                                                       |
|                                                                                                                                                             | 23,877               |             |                                                                                                                                     | Fannie Mae, 5.0%, 5/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 24,798                                                                        |
|                                                                                                                                                             | 65,888               |             |                                                                                                                                     | Fannie Mae, 5.0%, 6/1/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 72,531                                                                        |
|                                                                                                                                                             | 136,148              |             |                                                                                                                                     | Fannie Mae, 5.5%, 10/1/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 153,352                                                                       |
|                                                                                                                                                             | 14,255               |             |                                                                                                                                     | Fannie Mae, 5.5%, 12/1/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 15,999                                                                        |
|                                                                                                                                                             | 68,489               |             |                                                                                                                                     | Fannie Mae, 5.5%, 12/1/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 76,973                                                                        |
|                                                                                                                                                             | 59,687               |             |                                                                                                                                     | Fannie Mae, 5.5%, 12/1/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 67,063                                                                        |
|                                                                                                                                                             | 72,474               |             |                                                                                                                                     | Fannie Mae, 5.5%, 3/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 79,142                                                                        |
|                                                                                                                                                             | 10,178               |             |                                                                                                                                     | Fannie Mae, 5.5%, 3/1/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 11,363                                                                        |
|                                                                                                                                                             | 56,016               |             |                                                                                                                                     | Fannie Mae, 5.5%, 5/1/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 62,710                                                                        |
|                                                                                                                                                             | 227,970              |             |                                                                                                                                     | Fannie Mae, 5.5%, 5/1/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 255,455                                                                       |
|                                                                                                                                                             | 33,429               |             |                                                                                                                                     | Fannie Mae, 6.0%, 10/1/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 37,852                                                                        |
|                                                                                                                                                             | 40,797               |             |                                                                                                                                     | Fannie Mae, 6.0%, 12/1/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 46,654                                                                        |
|                                                                                                                                                             | 20,065               |             |                                                                                                                                     | Fannie Mae, 6.0%, 12/1/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 22,720                                                                        |
|                                                                                                                                                             | 3,838                |             |                                                                                                                                     | Fannie Mae, 6.0%, 8/1/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 4,395                                                                         |
|                                                                                                                                                             | 1,436                |             |                                                                                                                                     | Fannie Mae, 6.0%, 9/1/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 1,643                                                                         |
|                                                                                                                                                             | 12,382               |             |                                                                                                                                     | Fannie Mae, 6.5%, 10/1/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 14,152                                                                        |
|                                                                                                                                                             | 23,512               |             |                                                                                                                                     | Fannie Mae, 6.5%, 4/1/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 27,023                                                                        |
|                                                                                                                                                             | 37,180               |             |                                                                                                                                     | Fannie Mae, 6.5%, 5/1/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 43,907                                                                        |
|                                                                                                                                                             | 5,666                |             |                                                                                                                                     | Fannie Mae, 6.5%, 7/1/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 6,476                                                                         |
|                                                                                                                                                             | 28,095               |             |                                                                                                                                     | Fannie Mae, 6.5%, 9/1/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 32,806                                                                        |
|                                                                                                                                                             | 13,907               |             |                                                                                                                                     | Fannie Mae, 7.0%, 1/1/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 15,075                                                                        |
|                                                                                                                                                             | 181                  |             |                                                                                                                                     | Fannie Mae, 8.0%, 5/1/31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 181                                                                           |
|                                                                                                                                                             | 695,429              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 1/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 722,653                                                                       |
|                                                                                                                                                             | 253,041              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 11/1/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 269,399                                                                       |
|                                                                                                                                                             | 230,606              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 3/1/26                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 243,672                                                                       |
|                                                                                                                                                             | 447,743              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 3/1/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 466,794                                                                       |
|                                                                                                                                                             | 1,684,968            |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 3/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 1,750,929                                                                     |
|                                                                                                                                                             | 688,923              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 6/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 715,910                                                                       |
|                                                                                                                                                             | 605,141              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 7/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 628,830                                                                       |
|                                                                                                                                                             | 1,923,738            |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 3.5%, 9/1/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 2,006,788                                                                     |
|                                                                                                                                                             | 521,321              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 1/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 555,506                                                                       |
|                                                                                                                                                             | 1,234,751            |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 10/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 1,312,350                                                                     |
|                                                                                                                                                             | 772,919              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 11/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 823,370                                                                       |
|                                                                                                                                                             | 912,858              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 11/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 972,726                                                                       |
|                                                                                                                                                             | 425,413              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 11/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 452,148                                                                       |
|                                                                                                                                                             | 1,461,714            |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 12/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 1,553,591                                                                     |
|                                                                                                                                                             | 398,983              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 2/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 425,178                                                                       |
|                                                                                                                                                             | 1,263,746            |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 6/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 1,343,167                                                                     |
|                                                                                                                                                             | 385,448              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 7/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 409,671                                                                       |
|                                                                                                                                                             | 405,261              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.0%, 9/1/44                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 430,730                                                                       |
|                                                                                                                                                             | 344,495              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.5%, 5/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 374,400                                                                       |
|                                                                                                                                                             | 344,300              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.5%, 5/1/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 374,250                                                                       |
|                                                                                                                                                             | 182,279              |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.5%, 7/1/40                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 198,132                                                                       |
|                                                                                                                                                             | 97,597               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 4.5%, 8/1/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 105,954                                                                       |
|                                                                                                                                                             | 67,261               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 5.0%, 11/1/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 74,282                                                                        |
|                                                                                                                                                             | 72,083               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 5.0%, 8/1/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 78,999                                                                        |
|                                                                                                                                                             | 4,110                |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 5.5%, 10/1/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 4,119                                                                         |
|                                                                                                                                                             | 35,293               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 5.5%, 11/1/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 39,375                                                                        |
|                                                                                                                                                             | 28,978               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 6.0%, 1/1/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 32,816                                                                        |
|                                                                                                                                                             | 47,631               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 6.0%, 10/1/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 53,778                                                                        |
|                                                                                                                                                             | 34,665               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 6.0%, 4/1/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      | 39,128                                                                        |
|                                                                                                                                                             | 13,265               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 6.5%, 10/1/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 15,883                                                                        |
|                                                                                                                                                             | 74,889               |             |                                                                                                                                     | Federal Home Loan Mortgage Corp., 7.0%, 10/1/46                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      | 85,245                                                                        |
|                                                                                                                                                             | 750,000              |             |                                                                                                                                     | Federal National Mortgage Association, 3.5%, 11/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 781,215                                                                       |
|                                                                                                                                                             | 497,375              |             |                                                                                                                                     | Federal National Mortgage Association, 4.0%, 9/1/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 529,904                                                                       |
|                                                                                                                                                             | 944,957              |             |                                                                                                                                     | Government National Mortgage Association I, 4.0%, 9/15/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 1,006,963                                                                     |
|                                                                                                                                                             | 37,749               |             |                                                                                                                                     | Government National Mortgage Association I, 5.0%, 2/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 38,851                                                                        |
|                                                                                                                                                             | 41,783               |             |                                                                                                                                     | Government National Mortgage Association I, 5.0%, 2/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 43,103                                                                        |
|                                                                                                                                                             | 20,279               |             |                                                                                                                                     | Government National Mortgage Association I, 5.5%, 8/15/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 23,177                                                                        |
|                                                                                                                                                             | 25,660               |             |                                                                                                                                     | Government National Mortgage Association I, 5.5%, 9/15/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 28,885                                                                        |
|                                                                                                                                                             | 19,717               |             |                                                                                                                                     | Government National Mortgage Association I, 6.0%, 10/15/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 22,848                                                                        |
|                                                                                                                                                             | 19,495               |             |                                                                                                                                     | Government National Mortgage Association I, 6.0%, 9/15/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 22,122                                                                        |
|                                                                                                                                                             | 151,686              |             |                                                                                                                                     | Government National Mortgage Association I, 6.0%, 9/15/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 173,868                                                                       |
|                                                                                                                                                             | 23,279               |             |                                                                                                                                     | Government National Mortgage Association I, 6.5%, 10/15/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 26,715                                                                        |
|                                                                                                                                                             | 36,694               |             |                                                                                                                                     | Government National Mortgage Association I, 6.5%, 12/15/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 43,248                                                                        |
|                                                                                                                                                             | 40,205               |             |                                                                                                                                     | Government National Mortgage Association I, 6.5%, 5/15/31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 46,139                                                                        |
|                                                                                                                                                             | 25,543               |             |                                                                                                                                     | Government National Mortgage Association I, 6.5%, 5/15/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 29,314                                                                        |
|                                                                                                                                                             | 35,202               |             |                                                                                                                                     | Government National Mortgage Association I, 6.5%, 6/15/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 42,029                                                                        |
|                                                                                                                                                             | 531                  |             |                                                                                                                                     | Government National Mortgage Association I, 7.0%, 8/15/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 606                                                                           |
|                                                                                                                                                             | 3,307                |             |                                                                                                                                     | Government National Mortgage Association I, 8.0%, 2/15/30                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 3,353                                                                         |
|                                                                                                                                                             | 50,395               |             |                                                                                                                                     | Government National Mortgage Association II, 5.5%, 2/20/34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 56,822                                                                        |
|                                                                                                                                                             | 74,559               |             |                                                                                                                                     | Government National Mortgage Association II, 6.5%, 11/20/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      | 86,654                                                                        |
|                                                                                                                                                             | 3,026                |             |                                                                                                                                     | Government National Mortgage Association II, 7.5%, 9/20/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 3,625                                                                         |
|                                                                                                                                                             | 950,000              |             |                                                                                                                                     | U.S. Treasury Bonds, 3.125%, 2/15/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 987,778                                                                       |
|                                                                                                                                                             | 370,000              |             |                                                                                                                                     | U.S. Treasury Bonds, 5.25%, 11/15/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 489,532                                                                       |
|                                                                                                                                                             | 675,000              |             |                                                                                                                                     | U.S. Treasury Bonds, 5.375%, 2/15/31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 927,229                                                                       |
|                                                                                                                                                             | 753,705              |             |                                                                                                                                     | U.S. Treasury Inflation Indexed Bonds, 0.375%, 7/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 735,137                                                                       |
|                                                                                                                                                             | 506,020              |             |                                                                                                                                     | U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 448,809                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | U.S. Treasury Notes, 2.25%, 11/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 252,682                                                                       |
|                                                                                                                                                             | 750,000              |             |                                                                                                                                     | U.S. Treasury Notes, 2.625%, 11/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 787,636                                                                       |
|                                                                                                                                                             | 165,000              |             |                                                                                                                                     | U.S. Treasury Notes, 3.125%, 5/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      | 175,716                                                                       |
|                                                                                                                                                             | 115,000              |             |                                                                                                                                     | U.S. Treasury Notes, 3.375%, 11/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      | 124,065                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $36,708,262)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 37,251,696                                                                    |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | FOREIGN GOVERNMENT BONDS - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 213,500                                                                       |
| EURO                                                                                                                                                             | 75,000               |             |                                                                                                                                     | Italy Buoni Poliennali Del Tesoro, 4.75%, 8/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 103,960                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL FOREIGN GOVERNMENT BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $297,584)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 317,460                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | MUNICIPAL BONDS - 1.4% (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Airport - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Indianapolis Airport Authority, 5.1%, 1/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 262,775                                                                       |
|                                                                                                                                                             | 400,000              |             |                                                                                                                                     | Massachusetts Port Authority, 5.0%, 7/1/16                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 412,012                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 674,787                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Education - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                      |                                                                          |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Massachusetts Development Finance Agency, 4.844%, 9/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 108,960                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal General - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Central Texas Regional Mobility Authority, 0.0%, 1/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 70,239                                                                        |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | City of Raleigh North Carolina, 4.0%, 10/1/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 212,486                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | JobsOhio Beverage System, 3.985%, 1/1/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      | 209,008                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 491,733                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Higher Municipal Education - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Massachusetts Development Finance Agency, Northeastern University-Series A, 5.0%, 3/1/39                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 111,295                                                                       |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Massachusetts Development Finance Agency, Williams College-Series P, 5.0%, 7/1/43                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 168,879                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Massachusetts Institute of Technology, 5.6%, 7/1/11                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      | 307,990                                                                       |
|                                                                                                                                                             | 300,000              |             |                                                                                                                                     | The Board of Trustees of The Leland Stanford Junior University, 4.75%, 5/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      | 329,893                                                                       |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | The George Washington University, 1.827%, 9/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 251,692                                                                       |
|                                                                                                                                                             | 137,000              |             |                                                                                                                                     | The George Washington University, 3.485%, 9/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 139,949                                                                       |
|                                                                                                                                                             | 200,000              |             |                                                                                                                                     | University of California, 4.062%, 5/15/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      | 205,952                                                                       |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Virginia College Building Authority, 4.0%, 9/1/26                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      | 109,853                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 1,625,503                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Medical - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                      |                                                                          |
|                                                                                                                                                             | 100,000              |             |                                                                                                                                     | Health & Educational Facilities Authority of the State of Missouri, 3.685%, 2/15/47                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 98,419                                                                        |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | Massachusetts Development Finance Agency, 5.0%, 7/1/39                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      | 165,543                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 263,962                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Power - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | Energy Northwest, 5.0%, 7/1/35                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 279,850                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Transportation - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 180,000              |             |                                                                                                                                     | Maine Turnpike Authority, 5.0%, 7/1/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 202,959                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Water - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 150,000              |             |                                                                                                                                     | County of King Washington Sewer Revenue, 4.25%, 1/1/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                                                                                         | 162,764                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Municipal Obligation - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 250,000              |             |                                                                                                                                     | City of Irving Texas, 4.0%, 9/15/27 (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 274,542                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL MUNICIPAL BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $3,897,885)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 4,085,060                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | SENIOR FLOATING RATE LOAN INTERESTS - 0.9% **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Capital Goods - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Aerospace & Defense - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             | 93,818               | 4.00             |                                                                                                                                     | B/E Aerospace, Inc., Term Loan, 11/19/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 94,493                                                                        |
|                                                                                                                                                             | 271,750              | 3.25             |                                                                                                                                     | Wesco Aircraft Hardare Corp., Tranche B Term Loan (First Lien), 2/24/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                      | 266,202                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 360,695                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Industrial Machinery - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 248,125              | 4.00             |                                                                                                                                     | Mueller Water Products, Inc., Initial Loan,  11/25/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 249,559                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | $                                                                                         | 610,254                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobiles & Components - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Automobile Manufacturers - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 478,750              | 3.50             |                                                                                                                                     | Chrysler Group LLC, Term Loan B, 5/24/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 478,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Automobiles & Components                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 478,500                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Consumer Durables & Apparel - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Apparel, Accessories & Luxury Goods - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             | 62,861               | 3.25             |                                                                                                                                     | PVH Corp., Tranche B Term Loan, 12/19/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $                                                                                         | 63,223                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Consumer Durables & Apparel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 63,223                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Media - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Broadcasting - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 73,495               | 3.00             |                                                                                                                                     | Sinclair Television Group, Inc., New Tranche B Term Loan, 4/19/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 72,531                                                                        |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Movies & Entertainment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                      |                                                                          |
|                                                                                                                                                             | 120,359              | 3.25             |                                                                                                                                     | Kasima LLC, Term Loan, 5/17/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                                                                                         | 120,284                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 192,815                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Diversified Financials - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Other Diversified Financial Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             | 150,000              | 3.50             |                                                                                                                                     | Delos Finance SARL, Tranche B Term Loan, 2/27/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 150,172                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $                                                                                         | 150,172                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Technology Hardware & Equipment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Communications Equipment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                      |                                                                          |
|                                                                                                                                                             | 180,482              | 3.25             |                                                                                                                                     | Commscope, Inc., Tranche 4 Term Loan, 1/14/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $                                                                                         | 179,776                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Technology Hardware & Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 179,776                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Semiconductors - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             | 111,607              | 3.75             |                                                                                                                                     | Avago Technologies Ltd., Tranche B Term Loan (First Lien), 4/16/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 111,708                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $                                                                                         | 111,708                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Telecommunication Services - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Integrated Telecommunication Services - 0.0% †                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | 149,250              | 3.44             |                                                                                                                                     | GCI Holdings, Inc., New Term B Loan, 2/2/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $                                                                                         | 149,996                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Telecommunication Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $                                                                                         | 149,996                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Utilities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Electric Utilities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | 323,302              | 4.75             |                                                                                                                                     | Atlantic Power LP, Term Loan, 2/20/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 323,504                                                                       |
|                                                                                                                                                             | 221,054              | 3.25             |                                                                                                                                     | Calpine Construction Finance Co. LP, Term B-2 Loan, 1/3/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                      | 216,357                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $                                                                                         | 539,861                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Total Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $                                                                                         | 539,861                                                                       |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL SENIOR FLOATING RATE LOAN INTERESTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $2,476,678)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $                                                                                         | 2,476,305                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL INVESTMENT IN SECURITIES - 99.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | (Cost $256,325,447) (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                                                                                         | 284,047,340                                                                   |
|                                                                                                                                                             |                 |             |                                                                                                                                     | OTHER ASSETS & LIABILITIES - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $                                                                                         | 2,908,881                                                                     |
|                                                                                                                                                             |                 |             |                                                                                                                                     | TOTAL NET ASSETS - 100.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                         | 286,956,221                                                                   |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | *                    |             |                                                                                                                                     | Non-income producing security.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | †              |             |                                                                                                                                     | Amount rounds to less than 0.1%.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (A.D.R.)             |             |                                                                                                                                     | American Depositary Receipts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (Perpetual)          |             | Security with no stated maturity date.                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (Step)               |             |                                                                                                                                     | Step up bond issued with an initial coupon rate which converts to a higher rate at a later date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | REIT                 |             |                                                                                                                                     | Real Estate Investment Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | REMICS               |             |                                                                                                                                     | Real Estate Mortgage Investment Conduits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (Cat Bond)           |             | Catastrophe or Event Linked Bond. At October 31, 2015, the value of these securitiesamounted to $3,763,100, or 1.3% of total net assets. |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | **                   |             |                                                                                                                                     | Senior floating rate loan interests in which the Fund invests generally pay interest at ratesthat are periodically redetermined by reference to a base lending rate plus a premium.These base lending rates are generally (i) the lending rate offered by one or more majorEuropean banks, such as LIBOR (London InterBank Offered Rate), (ii) the prime rate offeredby one or more major United States banks, (iii) the rate of a certificate of deposit or (iv)other base lending rates used by commercial lenders. The rate shown is the coupon rate atperiod end. |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (144A)               |             |                                                                                                                                     | Security is exempt from registration under Rule 144A of the Securities Act of 1933. Suchsecurities may be resold normally to qualified institutional buyers in a transaction exemptfrom registration. At October 31, 2015, the value of these securities amounted to$23,810,224, or 8.0% of total net assets.                                                                                                                                                                                                                                                         |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | At October 31, 2015, the net unrealized appreciation on investments basedon cost for federal income tax purposes of $256,531,327 was as follows:                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (a)                  |             |                                                                                                                                     | Aggregate gross unrealized appreciation for all investments in whichthere is an excess of value over tax cost                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  $          31,736,922             |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Aggregate gross unrealized depreciation for all investments in whichthere is an excess of tax cost over value                                                                                                                                                                                                                                                                                                                                                                                                                                                         |              (4,220,909) |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Net unrealized appreciation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                      |  $          27,516,013 |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (b)                  |             |                                                                                                                                     | Debt obligation with a variable interest rate. Rate shown is rate at end of period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (c)                  |             |                                                                                                                                     | Structured reinsurance investment. At October 31, 2015, the value of these securitiesamounted to $1,411,368 or 0.5% of total net assets.                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (d)                  |             |                                                                                                                                     | Consists of Revenue Bonds unless otherwise indicated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             | (e)                  |             |                                                                                                                                     | Represents a General Obligation Bond.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     | Principal amounts are denominated in U.S. Dollars unless otherwise noted:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                      |                                                                          |
|                                                                                                                                                             | EURO                 |             |                                                                                                                                     | EURO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
| Various inputs are used in determining the value of the Fund’s investments.  These inputs are summarized in the three broad levels listed below. |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
| Level 1 – quoted prices in active markets for identical securities                                                                                         |                 |             |
| Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)       |
| Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)                                  |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |
| The following is a summary of the inputs used as of October 31, 2015, in valuing the Fund’s assets:                                                        |                 |             |
|                                                                                                                                                             |                 |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                      |                                                                          |

|                                                                                              |   |   |                                              |                                                                                                                                  | Level 1         |        |   | Level 2 |   |        | Level 3 |   |   | Total     |   |
|---------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|-----------------|-------------|--------|---------|--------|-------------|---------|--------|--------|-----------|--------|
|                                                                                              |   |   | Preferred Stocks                                  |                                                                                                                                  | $               | 439,012     |   |    |   | -           |    |   |   | -         |   |   | $ | 439,012 |   |
|                                                                                              |   |   | Convertible Preferred Stock                       |                                                                                                                                  |            | 829,500     |   |    |   | -           |    |   |   | -         |   |   |   | 829,500 |   |
|                                                                                              |   |   | Common Stocks                                     |                                                                                                                                  |            | 178,316,481 |   |    |   | -           |    |   |   | -         |   |   |   | 178,316,481 |   |
|                                                                                              |   |   | Asset Backed Securities                           |                                                                                                                                  |            | -           |   |    |   | 4,636,014   |    |   |   | -         |   |   |   | 4,636,014 |   |
|                                                                                              |   |   | Collateralized Mortgage Obligations               |                                                                                                                                  |            | -           |   |    |   | 8,451,638   |    |   |   | -         |   |   |   | 8,451,638 |   |
|                                                                                              |   |   | Corporate Bonds                                   |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   |   Insurance                             |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   |     Reinsurance               |                                                                                                                                  |            | -           |   |    |   | 3,512,800   |    |   |   | 1,411,368 |   |   |   | 4,924,168 |   |
|                                                                                              |   |   |   All Other Corporate Bonds             |                                                                                                                                  |            | -           |   |    |   | 42,320,006  |    |   |   | -         |   |   |   | 42,320,006 |   |
|                                                                                              |   |   | U.S. Government and Agency Obligations            |                                                                                                                                  |            | -           |   |    |   | 37,251,696  |    |   |   | -         |   |   |   | 37,251,696 |   |
|                                                                                              |   |   | Foreign Government Bonds                          |                                                                                                                                  |            | -           |   |    |   | 317,460     |    |   |   | -         |   |   |   | 317,460 |   |
|                                                                                              |   |   | Municipal Bonds                                   |                                                                                                                                  |            | -           |   |    |   | 4,085,060   |    |   |   | -         |   |   |   | 4,085,060 |   |
|                                                                                              |   |   | Senior Floating Rate Loan Interests               |                                                                                                                                  |            | -           |   |    |   | 2,476,305   |    |   |   | -         |   |   |   | 2,476,305 |   |
|                                                                                              |   |   | Total                                             |                                                                                                                                  | $               | 179,584,993 |   |    |   | 103,050,979 |    |   |   | 1,411,368 |   |   | $ | 284,047,340 |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Other Financial Instruments                       |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Net unrealized depreciation on futures contracts  |                                                                                                                                  | $               | 1,456       |   |    |   | -           |    |   |   | -         |   |   | $ | 1,456 |   |
|                                                                                              |   |   | Total Other Financial Instruments                 |                                                                                                                                  | $               | 1,456       |   |    |   | -           |    |   |   | -         |   |   | $ | 1,456 |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
| The following is a reconciliation of assets valued using significant observable inputs (Level 3): |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   |                                              |                                                                                                                                  | Corporate Bonds |        |   |    |   |        |    |   |   |      |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Balance as of 7/31/15                             |                                                                                                                                  | $               | 1,329,910   |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Realized gain (loss)1                             |                                                                                                                                  |            | -           |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Change in unrealized appreciation (depreciation)2 |                                                                                                                                  |            | 81,458      |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Purchases                                         |                                                                                                                                  |            | -           |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Sales                                             |                                                                                                                                  |            | -           |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Transfers in to Level 3*                          |                                                                                                                                  |            | -           |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Transfers out of Level 3*                         |                                                                                                                                  |            | -           |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   | Balance as of 10/31/15                            |                                                                                                                                  | $               | 1,411,368   |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |
|                                                                                              |   | 1      |                                              | Realized gain (loss) on these securities is included in the net realized gain (loss) from investments in the Statement of Operations. |            |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   | 2      |                                              | Unrealized appreciation (depreciation) on these securities is included in the change in unrealized                                    |            |        |   |    |   |        |    |   |   |      |   |   |   |
|                                                                                              |   |   |                                              | appreciation (depreciation) on investments in the Statement of Operations.                                                            |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   | **     |                                              | Transfers are calculated on the beginning of period values. During the period ended October 31, 2015, there were                 |            |        |   |    |   |
|                                                                                              |   |   |                                              | no transfers between Levels 1, 2 and 3.                                                                                               |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   |   |                                              |                                                                                                                                  |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   |   |                                              | Net change in unrealized appreciation (depreciation) of investments                                                                   |            |        |   |    |   |        |    |   |   |      |   |   |   |   |   |   |
|                                                                                              |   |   |                                              | still held as of 10/31/15                                                                                                             |            | $           | 81,458 |    |   |        |    |   |   |      |   |   |   |   |   |   |

|                                                                                                                                                             |                 |             |   | Pioneer Government Income Fund                                                                                                                                                                                                                                                                                                          |   |        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------|------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|
|                                                                                                                                                             |                 |             |   | Schedule of Investments 10/31/15 (unaudited)                                                                                                                                                                                                                                                                                            |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | Principal Amount ($) | FloatingRate (b) |   | Value                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                             |                 |             |   | ASSET BACKED SECURITIES - 3.8%                                                                                                                                                                                                                                                                                                          |   |        |
|                                                                                                                                                             | 278,633              |             |   | Small Business Administration Participation Certificates, 4.2%, 9/1/29                                                                                                                                                                                                                                                                  | $      | 298,966     |
|                                                                                                                                                             | 445,557              |             |   | Small Business Administration Participation Certificates, 4.625%, 2/1/25                                                                                                                                                                                                                                                                |   | 474,970     |
|                                                                                                                                                             | 554,158              |             |   | Small Business Administration Participation Certificates, 4.84%, 5/1/25                                                                                                                                                                                                                                                                 |   | 593,318     |
|                                                                                                                                                             | 572,780              |             |   | Small Business Administration Participation Certificates, 5.37%, 4/1/28                                                                                                                                                                                                                                                                 |   | 639,440     |
|                                                                                                                                                             | 392,153              |             |   | Small Business Administration Participation Certificates, 5.63%, 10/1/28                                                                                                                                                                                                                                                                |   | 442,474     |
|                                                                                                                                                             | 129,690              |             |   | Small Business Administration Participation Certificates, 5.72%, 1/1/29                                                                                                                                                                                                                                                                 |   | 146,939     |
|                                                                                                                                                             | 671,838              |             |   | Small Business Administration Participation Certificates, 6.02%, 8/1/28                                                                                                                                                                                                                                                                 |   | 766,687     |
|                                                                                                                                                             | 148,985              |             |   | Small Business Administration Participation Certificates, 6.14%, 1/1/22                                                                                                                                                                                                                                                                 |   | 162,335     |
|                                                                                                                                                             | 398,011              |             |   | Small Business Administration Participation Certificates, 6.22%, 12/1/28                                                                                                                                                                                                                                                                |   | 454,377     |
|                                                                                                                                                             |                 |             |   | TOTAL ASSET BACKED SECURITIES                                                                                                                                                                                                                                                                                                           |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $3,674,921)                                                                                                                                                                                                                                                                                                                       | $      | 3,979,506   |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | COLLATERALIZED MORTGAGE OBLIGATIONS - 10.6%                                                                                                                                                                                                                                                                                             |   |        |
|                                                                                                                                                             | 122,122              | 0.61             |   | Federal Home Loan Mortgage Corp. REMICS, Floating Rate Note, 12/15/20                                                                                                                                                                                                                                                                   | $      | 122,846     |
|                                                                                                                                                             | 948,772              | 3.47             |   | Federal National Mortgage Association 2004-T2, Floating Rate Note, 7/25/43                                                                                                                                                                                                                                                              |   | 986,525     |
|                                                                                                                                                             | 1,639,779            |             |   | Federal National Mortgage Association REMICS, 3.0%, 6/25/23                                                                                                                                                                                                                                                                             |   | 1,707,012   |
|                                                                                                                                                             | 87,279               |             |   | Federal National Mortgage Association REMICS, 4.5%, 6/25/29                                                                                                                                                                                                                                                                             |   | 93,515      |
|                                                                                                                                                             | 1,618,487            |             |   | Federal National Mortgage Association, 4.92%, 7/25/20                                                                                                                                                                                                                                                                                   |   | 1,659,451   |
|                                                                                                                                                             | 881,782              |             |   | Government National Mortgage Association REMICS, 3.25%, 4/16/27                                                                                                                                                                                                                                                                         |   | 921,358     |
|                                                                                                                                                             | 127,750              |             |   | Government National Mortgage Association, 5.25%, 8/16/35                                                                                                                                                                                                                                                                                |   | 142,067     |
|                                                                                                                                                             | 2,000,000            | 4.61             |   | Government National Mortgage Association, Floating Rate Note, 1/16/50                                                                                                                                                                                                                                                                   |   | 2,194,127   |
|                                                                                                                                                             | 152,094              | 0.66             |   | Government National Mortgage Association, Floating Rate Note, 12/16/29                                                                                                                                                                                                                                                                  |   | 152,963     |
|                                                                                                                                                             | 1,192,682            | 2.50             |   | La Hipotecaria Panamanian Mortgage Trust 2010-1, Floating Rate Note, 9/8/39 (144A)                                                                                                                                                                                                                                                      |   | 1,239,912   |
|                                                                                                                                                             | 272,122              | 3.26             |   | La Hipotecaria Panamanian Mortgage Trust 2014-1, Floating Rate Note, 11/24/42 (144A)                                                                                                                                                                                                                                                    |   | 279,265     |
|                                                                                                                                                             | 543,376              |             |   | Vendee Mortgage Trust 2008-1, 5.25%, 1/15/32                                                                                                                                                                                                                                                                                            |   | 600,644     |
|                                                                                                                                                             | 1,104,385            |             |   | Vendee Mortgage Trust 2010-1, 4.25%, 2/15/35                                                                                                                                                                                                                                                                                            |   | 1,184,382   |
|                                                                                                                                                             |                 |             |   | TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS                                                                                                                                                                                                                                                                                               |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $10,922,474)                                                                                                                                                                                                                                                                                                                      | $      | 11,284,067  |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | CORPORATE BONDS - 0.5%                                                                                                                                                                                                                                                                                                                  |   |        |
|                                                                                                                                                             |                 |             |   | Diversified Financials - 0.5%                                                                                                                                                                                                                                                                                                           |   |        |
|                                                                                                                                                             |                 |             |   | Other Diversified Financial Services - 0.5%                                                                                                                                                                                                                                                                                             |   |        |
|                                                                                                                                                             | 489,029              |             |   | Helios Leasing I LLC, 2.018%, 5/29/24                                                                                                                                                                                                                                                                                                   | $      | 489,768     |
|                                                                                                                                                             |                 |             |   | Total Diversified Financials                                                                                                                                                                                                                                                                                                            | $      | 489,768     |
|                                                                                                                                                             |                 |             |   | TOTAL CORPORATE BONDS                                                                                                                                                                                                                                                                                                                   |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $489,029)                                                                                                                                                                                                                                                                                                                         | $      | 489,768     |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 75.0%                                                                                                                                                                                                                                                                                          |   |        |
|                                                                                                                                                             | 348,134              |             |   | Fannie Mae, 3.5%, 4/1/45                                                                                                                                                                                                                                                                                                                | $      | 362,623     |
|                                                                                                                                                             | 1,259,849            |             |   | Fannie Mae, 3.763%, 12/1/20                                                                                                                                                                                                                                                                                                             |   | 1,358,363   |
|                                                                                                                                                             | 2,550,554            |             |   | Fannie Mae, 4.0%, 10/1/41                                                                                                                                                                                                                                                                                                               |   | 2,725,185   |
|                                                                                                                                                             | 534,110              |             |   | Fannie Mae, 4.0%, 4/1/25                                                                                                                                                                                                                                                                                                                |   | 567,601     |
|                                                                                                                                                             | 2,692,961            |             |   | Fannie Mae, 4.0%, 4/1/39                                                                                                                                                                                                                                                                                                                |   | 2,868,224   |
|                                                                                                                                                             | 1,659,325            |             |   | Fannie Mae, 4.0%, 4/1/41                                                                                                                                                                                                                                                                                                                |   | 1,768,712   |
|                                                                                                                                                             | 798,791              |             |   | Fannie Mae, 4.0%, 7/1/44                                                                                                                                                                                                                                                                                                                |   | 850,778     |
|                                                                                                                                                             | 72,324               |             |   | Fannie Mae, 4.0%, 9/1/20                                                                                                                                                                                                                                                                                                                |   | 75,549      |
|                                                                                                                                                             | 21,794               |             |   | Fannie Mae, 4.5%, 11/1/20                                                                                                                                                                                                                                                                                                               |   | 22,788      |
|                                                                                                                                                             | 4,558,823            |             |   | Fannie Mae, 4.5%, 12/1/43                                                                                                                                                                                                                                                                                                               |   | 5,017,411   |
|                                                                                                                                                             | 98,776               |             |   | Fannie Mae, 5.0%, 1/1/20                                                                                                                                                                                                                                                                                                                |   | 105,132     |
|                                                                                                                                                             | 245,086              |             |   | Fannie Mae, 5.0%, 10/1/34                                                                                                                                                                                                                                                                                                               |   | 266,209     |
|                                                                                                                                                             | 1,262,009            |             |   | Fannie Mae, 5.0%, 2/1/39                                                                                                                                                                                                                                                                                                                |   | 1,396,783   |
|                                                                                                                                                             | 111,154              |             |   | Fannie Mae, 5.0%, 3/1/23                                                                                                                                                                                                                                                                                                                |   | 120,019     |
|                                                                                                                                                             | 249,758              |             |   | Fannie Mae, 5.0%, 7/1/34                                                                                                                                                                                                                                                                                                                |   | 270,571     |
|                                                                                                                                                             | 81,922               |             |   | Fannie Mae, 5.0%, 8/1/18                                                                                                                                                                                                                                                                                                                |   | 85,518      |
|                                                                                                                                                             | 62,527               |             |   | Fannie Mae, 5.72%, 11/1/28                                                                                                                                                                                                                                                                                                              |   | 70,159      |
|                                                                                                                                                             | 45,811               |             |   | Fannie Mae, 5.72%, 6/1/29                                                                                                                                                                                                                                                                                                               |   | 51,403      |
|                                                                                                                                                             | 62,390               |             |   | Fannie Mae, 5.75%, 3/1/33                                                                                                                                                                                                                                                                                                               |   | 71,151      |
|                                                                                                                                                             | 31,334               |             |   | Fannie Mae, 5.9%, 11/1/27                                                                                                                                                                                                                                                                                                               |   | 35,613      |
|                                                                                                                                                             | 13,902               |             |   | Fannie Mae, 5.9%, 2/1/28                                                                                                                                                                                                                                                                                                                |   | 13,962      |
|                                                                                                                                                             | 88,329               |             |   | Fannie Mae, 5.9%, 4/1/28                                                                                                                                                                                                                                                                                                                |   | 100,365     |
|                                                                                                                                                             | 304,541              |             |   | Fannie Mae, 6.0%, 11/1/34                                                                                                                                                                                                                                                                                                               |   | 346,958     |
|                                                                                                                                                             | 32,154               |             |   | Fannie Mae, 6.0%, 11/1/34                                                                                                                                                                                                                                                                                                               |   | 36,410      |
|                                                                                                                                                             | 44,231               |             |   | Fannie Mae, 6.0%, 12/1/37                                                                                                                                                                                                                                                                                                               |   | 50,083      |
|                                                                                                                                                             | 60,445               |             |   | Fannie Mae, 6.5%, 11/1/47                                                                                                                                                                                                                                                                                                               |   | 67,221      |
|                                                                                                                                                             | 122,776              |             |   | Fannie Mae, 6.5%, 7/1/32                                                                                                                                                                                                                                                                                                                |   | 142,258     |
|                                                                                                                                                             | 907,671              |             |   | Federal Home Loan Mortgage Corp., 3.5%, 12/1/44                                                                                                                                                                                                                                                                                         |   | 943,203     |
|                                                                                                                                                             | 477,117              |             |   | Federal Home Loan Mortgage Corp., 3.5%, 3/1/26                                                                                                                                                                                                                                                                                          |   | 504,148     |
|                                                                                                                                                             | 1,170,183            |             |   | Federal Home Loan Mortgage Corp., 3.5%, 4/1/45                                                                                                                                                                                                                                                                                          |   | 1,215,992   |
|                                                                                                                                                             | 655,048              |             |   | Federal Home Loan Mortgage Corp., 4.0%, 6/1/42                                                                                                                                                                                                                                                                                          |   | 696,216     |
|                                                                                                                                                             | 101,307              |             |   | Federal Home Loan Mortgage Corp., 5.0%, 10/1/38                                                                                                                                                                                                                                                                                         |   | 110,869     |
|                                                                                                                                                             | 94,546               |             |   | Federal Home Loan Mortgage Corp., 5.0%, 9/1/38                                                                                                                                                                                                                                                                                          |   | 103,480     |
|                                                                                                                                                             | 18,691               |             |   | Federal Home Loan Mortgage Corp., 5.5%, 1/1/34                                                                                                                                                                                                                                                                                          |   | 20,798      |
|                                                                                                                                                             | 112,599              |             |   | Federal Home Loan Mortgage Corp., 6.0%, 1/1/33                                                                                                                                                                                                                                                                                          |   | 129,209     |
|                                                                                                                                                             | 126,548              |             |   | Federal Home Loan Mortgage Corp., 6.0%, 1/1/38                                                                                                                                                                                                                                                                                          |   | 142,991     |
|                                                                                                                                                             | 51,149               |             |   | Federal Home Loan Mortgage Corp., 6.0%, 11/1/33                                                                                                                                                                                                                                                                                         |   | 58,645      |
|                                                                                                                                                             | 2,037                |             |   | Federal Home Loan Mortgage Corp., 6.0%, 5/1/16                                                                                                                                                                                                                                                                                          |   | 2,055       |
|                                                                                                                                                             | 1,956                |             |   | Federal Home Loan Mortgage Corp., 6.0%, 6/1/16                                                                                                                                                                                                                                                                                          |   | 1,977       |
|                                                                                                                                                             | 72,715               |             |   | Federal Home Loan Mortgage Corp., 6.0%, 7/1/36                                                                                                                                                                                                                                                                                          |   | 82,292      |
|                                                                                                                                                             | 19,379               |             |   | Federal Home Loan Mortgage Corp., 6.0%, 7/1/36                                                                                                                                                                                                                                                                                          |   | 22,138      |
|                                                                                                                                                             | 137,790              |             |   | Federal Home Loan Mortgage Corp., 6.0%, 7/1/38                                                                                                                                                                                                                                                                                          |   | 156,799     |
|                                                                                                                                                             | 11,883               |             |   | Federal Home Loan Mortgage Corp., 6.0%, 8/1/18                                                                                                                                                                                                                                                                                          |   | 13,407      |
|                                                                                                                                                             | 10,473               |             |   | Federal Home Loan Mortgage Corp., 6.5%, 5/1/31                                                                                                                                                                                                                                                                                          |   | 11,969      |
|                                                                                                                                                             | 75,275               |             |   | Federal Home Loan Mortgage Corp., 7.0%, 10/1/46                                                                                                                                                                                                                                                                                         |   | 85,684      |
|                                                                                                                                                             | 4,097                |             |   | Federal Home Loan Mortgage Corp., 7.0%, 6/1/31                                                                                                                                                                                                                                                                                          |   | 4,111       |
|                                                                                                                                                             | 850,902              |             |   | Federal National Mortgage Association, 3.0%, 12/1/21                                                                                                                                                                                                                                                                                    |   | 886,375     |
|                                                                                                                                                             | 2,000,000            |             |   | Financing Corp. Fico, 5/11/18 (c)                                                                                                                                                                                                                                                                                                       |   | 1,938,786   |
|                                                                                                                                                             | 910,050              |             |   | Government National Mortgage Association I, 3.5%, 1/15/44                                                                                                                                                                                                                                                                               |   | 957,530     |
|                                                                                                                                                             | 649,597              |             |   | Government National Mortgage Association I, 3.5%, 1/15/45                                                                                                                                                                                                                                                                               |   | 680,487     |
|                                                                                                                                                             | 846,780              |             |   | Government National Mortgage Association I, 3.5%, 7/15/42                                                                                                                                                                                                                                                                               |   | 887,047     |
|                                                                                                                                                             | 590,571              |             |   | Government National Mortgage Association I, 4.0%, 1/15/45                                                                                                                                                                                                                                                                               |   | 631,349     |
|                                                                                                                                                             | 125,574              |             |   | Government National Mortgage Association I, 4.0%, 3/15/44                                                                                                                                                                                                                                                                               |   | 133,814     |
|                                                                                                                                                             | 245,442              |             |   | Government National Mortgage Association I, 4.0%, 7/15/41                                                                                                                                                                                                                                                                               |   | 261,570     |
|                                                                                                                                                             | 384,815              |             |   | Government National Mortgage Association I, 4.0%, 8/15/40                                                                                                                                                                                                                                                                               |   | 410,461     |
|                                                                                                                                                             | 132,624              |             |   | Government National Mortgage Association I, 4.0%, 9/15/40                                                                                                                                                                                                                                                                               |   | 141,405     |
|                                                                                                                                                             | 175,546              |             |   | Government National Mortgage Association I, 4.0%, 9/15/44                                                                                                                                                                                                                                                                               |   | 187,064     |
|                                                                                                                                                             | 23,954               |             |   | Government National Mortgage Association I, 4.5%, 12/15/19                                                                                                                                                                                                                                                                              |   | 25,164      |
|                                                                                                                                                             | 24,758               |             |   | Government National Mortgage Association I, 4.5%, 4/15/18                                                                                                                                                                                                                                                                               |   | 25,638      |
|                                                                                                                                                             | 69,937               |             |   | Government National Mortgage Association I, 4.5%, 4/15/20                                                                                                                                                                                                                                                                               |   | 73,514      |
|                                                                                                                                                             | 56,250               |             |   | Government National Mortgage Association I, 4.5%, 6/15/19                                                                                                                                                                                                                                                                               |   | 59,287      |
|                                                                                                                                                             | 258,062              |             |   | Government National Mortgage Association I, 4.5%, 6/15/25                                                                                                                                                                                                                                                                               |   | 277,533     |
|                                                                                                                                                             | 16,541               |             |   | Government National Mortgage Association I, 4.5%, 8/15/19                                                                                                                                                                                                                                                                               |   | 17,264      |
|                                                                                                                                                             | 70,569               |             |   | Government National Mortgage Association I, 5.0%, 2/15/19                                                                                                                                                                                                                                                                               |   | 74,635      |
|                                                                                                                                                             | 300,436              |             |   | Government National Mortgage Association I, 5.0%, 7/15/40                                                                                                                                                                                                                                                                               |   | 332,979     |
|                                                                                                                                                             | 55,605               |             |   | Government National Mortgage Association I, 5.5%, 1/15/29                                                                                                                                                                                                                                                                               |   | 62,162      |
|                                                                                                                                                             | 61,787               |             |   | Government National Mortgage Association I, 5.5%, 10/15/19                                                                                                                                                                                                                                                                              |   | 65,000      |
|                                                                                                                                                             | 81,123               |             |   | Government National Mortgage Association I, 5.5%, 10/15/33                                                                                                                                                                                                                                                                              |   | 92,595      |
|                                                                                                                                                             | 57,016               |             |   | Government National Mortgage Association I, 5.5%, 10/15/34                                                                                                                                                                                                                                                                              |   | 64,696      |
|                                                                                                                                                             | 27,263               |             |   | Government National Mortgage Association I, 5.5%, 4/15/19                                                                                                                                                                                                                                                                               |   | 28,336      |
|                                                                                                                                                             | 39,510               |             |   | Government National Mortgage Association I, 5.5%, 4/15/31                                                                                                                                                                                                                                                                               |   | 44,161      |
|                                                                                                                                                             | 21,739               |             |   | Government National Mortgage Association I, 5.5%, 6/15/18                                                                                                                                                                                                                                                                               |   | 22,469      |
|                                                                                                                                                             | 168,531              |             |   | Government National Mortgage Association I, 5.5%, 8/15/33                                                                                                                                                                                                                                                                               |   | 192,734     |
|                                                                                                                                                             | 73,772               |             |   | Government National Mortgage Association I, 5.5%, 9/15/33                                                                                                                                                                                                                                                                               |   | 83,045      |
|                                                                                                                                                             | 20,432               |             |   | Government National Mortgage Association I, 5.72%, 4/15/29                                                                                                                                                                                                                                                                              |   | 22,902      |
|                                                                                                                                                             | 16,985               |             |   | Government National Mortgage Association I, 6.0%, 1/15/24                                                                                                                                                                                                                                                                               |   | 19,259      |
|                                                                                                                                                             | 41,127               |             |   | Government National Mortgage Association I, 6.0%, 1/15/33                                                                                                                                                                                                                                                                               |   | 47,519      |
|                                                                                                                                                             | 68,928               |             |   | Government National Mortgage Association I, 6.0%, 1/15/33                                                                                                                                                                                                                                                                               |   | 80,053      |
|                                                                                                                                                             | 7,937                |             |   | Government National Mortgage Association I, 6.0%, 10/15/28                                                                                                                                                                                                                                                                              |   | 9,111       |
|                                                                                                                                                             | 18,861               |             |   | Government National Mortgage Association I, 6.0%, 10/15/32                                                                                                                                                                                                                                                                              |   | 21,277      |
|                                                                                                                                                             | 74,802               |             |   | Government National Mortgage Association I, 6.0%, 10/15/32                                                                                                                                                                                                                                                                              |   | 84,377      |
|                                                                                                                                                             | 87,233               |             |   | Government National Mortgage Association I, 6.0%, 10/15/34                                                                                                                                                                                                                                                                              |   | 100,947     |
|                                                                                                                                                             | 67,193               |             |   | Government National Mortgage Association I, 6.0%, 10/15/34                                                                                                                                                                                                                                                                              |   | 76,507      |
|                                                                                                                                                             | 158,397              |             |   | Government National Mortgage Association I, 6.0%, 10/15/34                                                                                                                                                                                                                                                                              |   | 180,513     |
|                                                                                                                                                             | 8,250                |             |   | Government National Mortgage Association I, 6.0%, 11/15/32                                                                                                                                                                                                                                                                              |   | 9,306       |
|                                                                                                                                                             | 9,942                |             |   | Government National Mortgage Association I, 6.0%, 11/15/32                                                                                                                                                                                                                                                                              |   | 11,355      |
|                                                                                                                                                             | 142,880              |             |   | Government National Mortgage Association I, 6.0%, 11/15/33                                                                                                                                                                                                                                                                              |   | 163,101     |
|                                                                                                                                                             | 56,388               |             |   | Government National Mortgage Association I, 6.0%, 11/15/37                                                                                                                                                                                                                                                                              |   | 64,100      |
|                                                                                                                                                             | 205,535              |             |   | Government National Mortgage Association I, 6.0%, 12/15/23                                                                                                                                                                                                                                                                              |   | 231,846     |
|                                                                                                                                                             | 155,016              |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 176,292     |
|                                                                                                                                                             | 427,874              |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 495,757     |
|                                                                                                                                                             | 107,566              |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 122,205     |
|                                                                                                                                                             | 21,510               |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 24,978      |
|                                                                                                                                                             | 92,723               |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 105,683     |
|                                                                                                                                                             | 218,121              |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 248,323     |
|                                                                                                                                                             | 20,146               |             |   | Government National Mortgage Association I, 6.0%, 12/15/32                                                                                                                                                                                                                                                                              |   | 22,956      |
|                                                                                                                                                             | 82,056               |             |   | Government National Mortgage Association I, 6.0%, 2/15/29                                                                                                                                                                                                                                                                               |   | 95,193      |
|                                                                                                                                                             | 121,744              |             |   | Government National Mortgage Association I, 6.0%, 2/15/33                                                                                                                                                                                                                                                                               |   | 141,370     |
|                                                                                                                                                             | 29,584               |             |   | Government National Mortgage Association I, 6.0%, 2/15/33                                                                                                                                                                                                                                                                               |   | 33,371      |
|                                                                                                                                                             | 161,459              |             |   | Government National Mortgage Association I, 6.0%, 2/15/33                                                                                                                                                                                                                                                                               |   | 186,554     |
|                                                                                                                                                             | 102,760              |             |   | Government National Mortgage Association I, 6.0%, 2/15/33                                                                                                                                                                                                                                                                               |   | 118,008     |
|                                                                                                                                                             | 50,733               |             |   | Government National Mortgage Association I, 6.0%, 3/15/19                                                                                                                                                                                                                                                                               |   | 57,227      |
|                                                                                                                                                             | 76,216               |             |   | Government National Mortgage Association I, 6.0%, 3/15/33                                                                                                                                                                                                                                                                               |   | 87,716      |
|                                                                                                                                                             | 57,212               |             |   | Government National Mortgage Association I, 6.0%, 3/15/33                                                                                                                                                                                                                                                                               |   | 65,363      |
|                                                                                                                                                             | 45,944               |             |   | Government National Mortgage Association I, 6.0%, 3/15/33                                                                                                                                                                                                                                                                               |   | 53,281      |
|                                                                                                                                                             | 216,745              |             |   | Government National Mortgage Association I, 6.0%, 3/15/34                                                                                                                                                                                                                                                                               |   | 255,239     |
|                                                                                                                                                             | 59,249               |             |   | Government National Mortgage Association I, 6.0%, 4/15/28                                                                                                                                                                                                                                                                               |   | 68,428      |
|                                                                                                                                                             | 24,240               |             |   | Government National Mortgage Association I, 6.0%, 4/15/33                                                                                                                                                                                                                                                                               |   | 27,738      |
|                                                                                                                                                             | 43,077               |             |   | Government National Mortgage Association I, 6.0%, 5/15/33                                                                                                                                                                                                                                                                               |   | 49,288      |
|                                                                                                                                                             | 115,004              |             |   | Government National Mortgage Association I, 6.0%, 6/15/31                                                                                                                                                                                                                                                                               |   | 130,941     |
|                                                                                                                                                             | 74,858               |             |   | Government National Mortgage Association I, 6.0%, 6/15/34                                                                                                                                                                                                                                                                               |   | 86,198      |
|                                                                                                                                                             | 44,149               |             |   | Government National Mortgage Association I, 6.0%, 8/15/34                                                                                                                                                                                                                                                                               |   | 50,176      |
|                                                                                                                                                             | 209,713              |             |   | Government National Mortgage Association I, 6.0%, 8/15/34                                                                                                                                                                                                                                                                               |   | 239,982     |
|                                                                                                                                                             | 116,118              |             |   | Government National Mortgage Association I, 6.0%, 8/15/38                                                                                                                                                                                                                                                                               |   | 131,946     |
|                                                                                                                                                             | 253,202              |             |   | Government National Mortgage Association I, 6.0%, 9/15/32                                                                                                                                                                                                                                                                               |   | 287,231     |
|                                                                                                                                                             | 77,749               |             |   | Government National Mortgage Association I, 6.0%, 9/15/32                                                                                                                                                                                                                                                                               |   | 89,455      |
|                                                                                                                                                             | 19,258               |             |   | Government National Mortgage Association I, 6.0%, 9/15/33                                                                                                                                                                                                                                                                               |   | 21,723      |
|                                                                                                                                                             | 31,651               |             |   | Government National Mortgage Association I, 6.0%, 9/15/34                                                                                                                                                                                                                                                                               |   | 36,758      |
|                                                                                                                                                             | 177,330              |             |   | Government National Mortgage Association I, 6.0%, 9/15/35                                                                                                                                                                                                                                                                               |   | 205,800     |
|                                                                                                                                                             | 29,234               |             |   | Government National Mortgage Association I, 6.5%, 1/15/32                                                                                                                                                                                                                                                                               |   | 33,549      |
|                                                                                                                                                             | 32,907               |             |   | Government National Mortgage Association I, 6.5%, 10/15/24                                                                                                                                                                                                                                                                              |   | 37,765      |
|                                                                                                                                                             | 24,504               |             |   | Government National Mortgage Association I, 6.5%, 10/15/28                                                                                                                                                                                                                                                                              |   | 28,121      |
|                                                                                                                                                             | 6,606                |             |   | Government National Mortgage Association I, 6.5%, 10/15/28                                                                                                                                                                                                                                                                              |   | 7,581       |
|                                                                                                                                                             | 46,176               |             |   | Government National Mortgage Association I, 6.5%, 11/15/31                                                                                                                                                                                                                                                                              |   | 52,992      |
|                                                                                                                                                             | 14,055               |             |   | Government National Mortgage Association I, 6.5%, 2/15/28                                                                                                                                                                                                                                                                               |   | 16,130      |
|                                                                                                                                                             | 26,300               |             |   | Government National Mortgage Association I, 6.5%, 2/15/29                                                                                                                                                                                                                                                                               |   | 30,924      |
|                                                                                                                                                             | 30,754               |             |   | Government National Mortgage Association I, 6.5%, 2/15/32                                                                                                                                                                                                                                                                               |   | 35,293      |
|                                                                                                                                                             | 27,075               |             |   | Government National Mortgage Association I, 6.5%, 2/15/32                                                                                                                                                                                                                                                                               |   | 31,352      |
|                                                                                                                                                             | 20,901               |             |   | Government National Mortgage Association I, 6.5%, 2/15/32                                                                                                                                                                                                                                                                               |   | 24,083      |
|                                                                                                                                                             | 10,308               |             |   | Government National Mortgage Association I, 6.5%, 2/15/32                                                                                                                                                                                                                                                                               |   | 11,830      |
|                                                                                                                                                             | 17,980               |             |   | Government National Mortgage Association I, 6.5%, 2/15/32                                                                                                                                                                                                                                                                               |   | 20,634      |
|                                                                                                                                                             | 18,780               |             |   | Government National Mortgage Association I, 6.5%, 3/15/29                                                                                                                                                                                                                                                                               |   | 21,552      |
|                                                                                                                                                             | 89,721               |             |   | Government National Mortgage Association I, 6.5%, 3/15/29                                                                                                                                                                                                                                                                               |   | 102,965     |
|                                                                                                                                                             | 104,500              |             |   | Government National Mortgage Association I, 6.5%, 3/15/32                                                                                                                                                                                                                                                                               |   | 120,496     |
|                                                                                                                                                             | 5,869                |             |   | Government National Mortgage Association I, 6.5%, 4/15/17                                                                                                                                                                                                                                                                               |   | 5,919       |
|                                                                                                                                                             | 9,048                |             |   | Government National Mortgage Association I, 6.5%, 4/15/28                                                                                                                                                                                                                                                                               |   | 10,384      |
|                                                                                                                                                             | 80,323               |             |   | Government National Mortgage Association I, 6.5%, 4/15/28                                                                                                                                                                                                                                                                               |   | 92,179      |
|                                                                                                                                                             | 94,984               |             |   | Government National Mortgage Association I, 6.5%, 4/15/32                                                                                                                                                                                                                                                                               |   | 113,860     |
|                                                                                                                                                             | 7,719                |             |   | Government National Mortgage Association I, 6.5%, 4/15/32                                                                                                                                                                                                                                                                               |   | 8,859       |
|                                                                                                                                                             | 17,041               |             |   | Government National Mortgage Association I, 6.5%, 4/15/32                                                                                                                                                                                                                                                                               |   | 19,779      |
|                                                                                                                                                             | 47,717               |             |   | Government National Mortgage Association I, 6.5%, 4/15/33                                                                                                                                                                                                                                                                               |   | 54,760      |
|                                                                                                                                                             | 6,590                |             |   | Government National Mortgage Association I, 6.5%, 5/15/29                                                                                                                                                                                                                                                                               |   | 7,563       |
|                                                                                                                                                             | 40,920               |             |   | Government National Mortgage Association I, 6.5%, 5/15/31                                                                                                                                                                                                                                                                               |   | 46,961      |
|                                                                                                                                                             | 17,652               |             |   | Government National Mortgage Association I, 6.5%, 5/15/32                                                                                                                                                                                                                                                                               |   | 20,258      |
|                                                                                                                                                             | 8,198                |             |   | Government National Mortgage Association I, 6.5%, 5/15/32                                                                                                                                                                                                                                                                               |   | 9,489       |
|                                                                                                                                                             | 44,763               |             |   | Government National Mortgage Association I, 6.5%, 5/15/32                                                                                                                                                                                                                                                                               |   | 51,370      |
|                                                                                                                                                             | 6,167                |             |   | Government National Mortgage Association I, 6.5%, 5/15/32                                                                                                                                                                                                                                                                               |   | 7,077       |
|                                                                                                                                                             | 8,977                |             |   | Government National Mortgage Association I, 6.5%, 6/15/17                                                                                                                                                                                                                                                                               |   | 9,002       |
|                                                                                                                                                             | 11,536               |             |   | Government National Mortgage Association I, 6.5%, 6/15/28                                                                                                                                                                                                                                                                               |   | 13,465      |
|                                                                                                                                                             | 27,533               |             |   | Government National Mortgage Association I, 6.5%, 6/15/29                                                                                                                                                                                                                                                                               |   | 31,597      |
|                                                                                                                                                             | 8,327                |             |   | Government National Mortgage Association I, 6.5%, 6/15/31                                                                                                                                                                                                                                                                               |   | 9,556       |
|                                                                                                                                                             | 22,008               |             |   | Government National Mortgage Association I, 6.5%, 6/15/32                                                                                                                                                                                                                                                                               |   | 25,257      |
|                                                                                                                                                             | 17,322               |             |   | Government National Mortgage Association I, 6.5%, 6/15/32                                                                                                                                                                                                                                                                               |   | 19,887      |
|                                                                                                                                                             | 38,516               |             |   | Government National Mortgage Association I, 6.5%, 7/15/31                                                                                                                                                                                                                                                                               |   | 44,201      |
|                                                                                                                                                             | 10,624               |             |   | Government National Mortgage Association I, 6.5%, 7/15/32                                                                                                                                                                                                                                                                               |   | 12,192      |
|                                                                                                                                                             | 9,305                |             |   | Government National Mortgage Association I, 6.5%, 7/15/32                                                                                                                                                                                                                                                                               |   | 10,679      |
|                                                                                                                                                             | 9,186                |             |   | Government National Mortgage Association I, 6.5%, 8/15/28                                                                                                                                                                                                                                                                               |   | 10,542      |
|                                                                                                                                                             | 36,401               |             |   | Government National Mortgage Association I, 6.5%, 8/15/32                                                                                                                                                                                                                                                                               |   | 41,774      |
|                                                                                                                                                             | 48,783               |             |   | Government National Mortgage Association I, 6.5%, 8/15/32                                                                                                                                                                                                                                                                               |   | 56,887      |
|                                                                                                                                                             | 19,876               |             |   | Government National Mortgage Association I, 6.5%, 9/15/31                                                                                                                                                                                                                                                                               |   | 22,810      |
|                                                                                                                                                             | 23,251               |             |   | Government National Mortgage Association I, 6.5%, 9/15/32                                                                                                                                                                                                                                                                               |   | 27,403      |
|                                                                                                                                                             | 45,191               |             |   | Government National Mortgage Association I, 6.5%, 9/15/32                                                                                                                                                                                                                                                                               |   | 51,861      |
|                                                                                                                                                             | 46,637               |             |   | Government National Mortgage Association I, 6.5%, 9/15/32                                                                                                                                                                                                                                                                               |   | 53,520      |
|                                                                                                                                                             | 8,004                |             |   | Government National Mortgage Association I, 6.75%, 4/15/26                                                                                                                                                                                                                                                                              |   | 9,185       |
|                                                                                                                                                             | 19,193               |             |   | Government National Mortgage Association I, 7.0%, 1/15/28                                                                                                                                                                                                                                                                               |   | 21,535      |
|                                                                                                                                                             | 142,682              |             |   | Government National Mortgage Association I, 7.0%, 1/15/31                                                                                                                                                                                                                                                                               |   | 153,420     |
|                                                                                                                                                             | 2,658                |             |   | Government National Mortgage Association I, 7.0%, 10/15/16                                                                                                                                                                                                                                                                              |   | 2,666       |
|                                                                                                                                                             | 12,182               |             |   | Government National Mortgage Association I, 7.0%, 11/15/26                                                                                                                                                                                                                                                                              |   | 14,132      |
|                                                                                                                                                             | 68,457               |             |   | Government National Mortgage Association I, 7.0%, 11/15/29                                                                                                                                                                                                                                                                              |   | 78,038      |
|                                                                                                                                                             | 8,660                |             |   | Government National Mortgage Association I, 7.0%, 11/15/31                                                                                                                                                                                                                                                                              |   | 8,994       |
|                                                                                                                                                             | 33,019               |             |   | Government National Mortgage Association I, 7.0%, 12/15/30                                                                                                                                                                                                                                                                              |   | 34,045      |
|                                                                                                                                                             | 41,069               |             |   | Government National Mortgage Association I, 7.0%, 12/15/30                                                                                                                                                                                                                                                                              |   | 42,117      |
|                                                                                                                                                             | 45,961               |             |   | Government National Mortgage Association I, 7.0%, 12/15/30                                                                                                                                                                                                                                                                              |   | 55,271      |
|                                                                                                                                                             | 22,020               |             |   | Government National Mortgage Association I, 7.0%, 2/15/28                                                                                                                                                                                                                                                                               |   | 24,060      |
|                                                                                                                                                             | 26,812               |             |   | Government National Mortgage Association I, 7.0%, 3/15/28                                                                                                                                                                                                                                                                               |   | 29,844      |
|                                                                                                                                                             | 58,230               |             |   | Government National Mortgage Association I, 7.0%, 3/15/32                                                                                                                                                                                                                                                                               |   | 65,772      |
|                                                                                                                                                             | 33,050               |             |   | Government National Mortgage Association I, 7.0%, 4/15/28                                                                                                                                                                                                                                                                               |   | 36,816      |
|                                                                                                                                                             | 28,862               |             |   | Government National Mortgage Association I, 7.0%, 4/15/29                                                                                                                                                                                                                                                                               |   | 32,103      |
|                                                                                                                                                             | 15,314               |             |   | Government National Mortgage Association I, 7.0%, 4/15/31                                                                                                                                                                                                                                                                               |   | 16,441      |
|                                                                                                                                                             | 48,003               |             |   | Government National Mortgage Association I, 7.0%, 4/15/32                                                                                                                                                                                                                                                                               |   | 54,634      |
|                                                                                                                                                             | 40,553               |             |   | Government National Mortgage Association I, 7.0%, 5/15/29                                                                                                                                                                                                                                                                               |   | 42,363      |
|                                                                                                                                                             | 8,633                |             |   | Government National Mortgage Association I, 7.0%, 5/15/31                                                                                                                                                                                                                                                                               |   | 9,181       |
|                                                                                                                                                             | 27,031               |             |   | Government National Mortgage Association I, 7.0%, 6/15/27                                                                                                                                                                                                                                                                               |   | 31,706      |
|                                                                                                                                                             | 5,100                |             |   | Government National Mortgage Association I, 7.0%, 6/15/29                                                                                                                                                                                                                                                                               |   | 5,134       |
|                                                                                                                                                             | 34,835               |             |   | Government National Mortgage Association I, 7.0%, 7/15/25                                                                                                                                                                                                                                                                               |   | 39,743      |
|                                                                                                                                                             | 6,431                |             |   | Government National Mortgage Association I, 7.0%, 7/15/28                                                                                                                                                                                                                                                                               |   | 6,482       |
|                                                                                                                                                             | 24,616               |             |   | Government National Mortgage Association I, 7.0%, 7/15/28                                                                                                                                                                                                                                                                               |   | 27,063      |
|                                                                                                                                                             | 15,830               |             |   | Government National Mortgage Association I, 7.0%, 7/15/29                                                                                                                                                                                                                                                                               |   | 18,918      |
|                                                                                                                                                             | 27,345               |             |   | Government National Mortgage Association I, 7.0%, 8/15/23                                                                                                                                                                                                                                                                               |   | 30,019      |
|                                                                                                                                                             | 78,319               |             |   | Government National Mortgage Association I, 7.0%, 9/15/24                                                                                                                                                                                                                                                                               |   | 90,748      |
|                                                                                                                                                             | 41,484               |             |   | Government National Mortgage Association I, 7.0%, 9/15/31                                                                                                                                                                                                                                                                               |   | 46,777      |
|                                                                                                                                                             | 43,391               |             |   | Government National Mortgage Association I, 7.5%, 10/15/23                                                                                                                                                                                                                                                                              |   | 48,612      |
|                                                                                                                                                             | 57,206               |             |   | Government National Mortgage Association I, 7.5%, 10/15/27                                                                                                                                                                                                                                                                              |   | 66,231      |
|                                                                                                                                                             | 13,714               |             |   | Government National Mortgage Association I, 7.5%, 10/15/29                                                                                                                                                                                                                                                                              |   | 15,619      |
|                                                                                                                                                             | 4,479                |             |   | Government National Mortgage Association I, 7.5%, 12/15/25                                                                                                                                                                                                                                                                              |   | 4,666       |
|                                                                                                                                                             | 20,782               |             |   | Government National Mortgage Association I, 7.5%, 2/15/27                                                                                                                                                                                                                                                                               |   | 23,282      |
|                                                                                                                                                             | 16,800               |             |   | Government National Mortgage Association I, 7.5%, 2/15/31                                                                                                                                                                                                                                                                               |   | 17,538      |
|                                                                                                                                                             | 10,050               |             |   | Government National Mortgage Association I, 7.5%, 3/15/23                                                                                                                                                                                                                                                                               |   | 10,986      |
|                                                                                                                                                             | 42,037               |             |   | Government National Mortgage Association I, 7.5%, 3/15/27                                                                                                                                                                                                                                                                               |   | 50,508      |
|                                                                                                                                                             | 7,875                |             |   | Government National Mortgage Association I, 7.5%, 3/15/31                                                                                                                                                                                                                                                                               |   | 8,223       |
|                                                                                                                                                             | 1,718                |             |   | Government National Mortgage Association I, 7.5%, 6/15/24                                                                                                                                                                                                                                                                               |   | 1,786       |
|                                                                                                                                                             | 17,474               |             |   | Government National Mortgage Association I, 7.5%, 6/15/29                                                                                                                                                                                                                                                                               |   | 19,946      |
|                                                                                                                                                             | 11,320               |             |   | Government National Mortgage Association I, 7.5%, 8/15/25                                                                                                                                                                                                                                                                               |   | 11,654      |
|                                                                                                                                                             | 1,110                |             |   | Government National Mortgage Association I, 7.5%, 8/15/29                                                                                                                                                                                                                                                                               |   | 1,122       |
|                                                                                                                                                             | 2,966                |             |   | Government National Mortgage Association I, 7.5%, 8/15/29                                                                                                                                                                                                                                                                               |   | 3,048       |
|                                                                                                                                                             | 6,811                |             |   | Government National Mortgage Association I, 7.5%, 9/15/25                                                                                                                                                                                                                                                                               |   | 7,689       |
|                                                                                                                                                             | 3,600                |             |   | Government National Mortgage Association I, 7.5%, 9/15/25                                                                                                                                                                                                                                                                               |   | 3,613       |
|                                                                                                                                                             | 66,092               |             |   | Government National Mortgage Association I, 7.5%, 9/15/29                                                                                                                                                                                                                                                                               |   | 69,306      |
|                                                                                                                                                             | 35,582               |             |   | Government National Mortgage Association I, 8.25%, 5/15/20                                                                                                                                                                                                                                                                              |   | 38,816      |
|                                                                                                                                                             | 2,057                |             |   | Government National Mortgage Association I, 8.5%, 8/15/21                                                                                                                                                                                                                                                                               |   | 2,066       |
|                                                                                                                                                             | 8,719                |             |   | Government National Mortgage Association I, 9.0%, 1/15/20                                                                                                                                                                                                                                                                               |   | 8,884       |
|                                                                                                                                                             | 1,223                |             |   | Government National Mortgage Association I, 9.0%, 12/15/19                                                                                                                                                                                                                                                                              |   | 1,332       |
|                                                                                                                                                             | 2,241                |             |   | Government National Mortgage Association I, 9.0%, 6/15/22                                                                                                                                                                                                                                                                               |   | 2,348       |
|                                                                                                                                                             | 278                  |             |   | Government National Mortgage Association I, 9.0%, 9/15/21                                                                                                                                                                                                                                                                               |   | 306         |
|                                                                                                                                                             | 171,464              |             |   | Government National Mortgage Association II, 4.0%, 10/20/44                                                                                                                                                                                                                                                                             |   | 182,601     |
|                                                                                                                                                             | 33,712               |             |   | Government National Mortgage Association II, 5.0%, 1/20/20                                                                                                                                                                                                                                                                              |   | 35,744      |
|                                                                                                                                                             | 92,672               |             |   | Government National Mortgage Association II, 5.0%, 12/20/18                                                                                                                                                                                                                                                                             |   | 97,517      |
|                                                                                                                                                             | 56,844               |             |   | Government National Mortgage Association II, 5.0%, 2/20/19                                                                                                                                                                                                                                                                              |   | 59,796      |
|                                                                                                                                                             | 234,909              |             |   | Government National Mortgage Association II, 5.5%, 10/20/37                                                                                                                                                                                                                                                                             |   | 262,517     |
|                                                                                                                                                             | 67,946               |             |   | Government National Mortgage Association II, 5.75%, 4/20/33                                                                                                                                                                                                                                                                             |   | 75,821      |
|                                                                                                                                                             | 154,590              |             |   | Government National Mortgage Association II, 5.75%, 6/20/33                                                                                                                                                                                                                                                                             |   | 172,498     |
|                                                                                                                                                             | 28,818               |             |   | Government National Mortgage Association II, 5.9%, 1/20/28                                                                                                                                                                                                                                                                              |   | 32,215      |
|                                                                                                                                                             | 55,734               |             |   | Government National Mortgage Association II, 5.9%, 11/20/27                                                                                                                                                                                                                                                                             |   | 61,774      |
|                                                                                                                                                             | 105,361              |             |   | Government National Mortgage Association II, 5.9%, 7/20/28                                                                                                                                                                                                                                                                              |   | 115,799     |
|                                                                                                                                                             | 112,451              |             |   | Government National Mortgage Association II, 6.0%, 1/20/33                                                                                                                                                                                                                                                                              |   | 127,354     |
|                                                                                                                                                             | 27,089               |             |   | Government National Mortgage Association II, 6.0%, 10/20/31                                                                                                                                                                                                                                                                             |   | 30,467      |
|                                                                                                                                                             | 130,141              |             |   | Government National Mortgage Association II, 6.0%, 10/20/33                                                                                                                                                                                                                                                                             |   | 147,316     |
|                                                                                                                                                             | 39,553               |             |   | Government National Mortgage Association II, 6.0%, 12/20/18                                                                                                                                                                                                                                                                             |   | 41,057      |
|                                                                                                                                                             | 75,412               |             |   | Government National Mortgage Association II, 6.0%, 6/20/34                                                                                                                                                                                                                                                                              |   | 85,422      |
|                                                                                                                                                             | 9,144                |             |   | Government National Mortgage Association II, 6.0%, 7/20/17                                                                                                                                                                                                                                                                              |   | 9,376       |
|                                                                                                                                                             | 23,818               |             |   | Government National Mortgage Association II, 6.0%, 7/20/19                                                                                                                                                                                                                                                                              |   | 24,854      |
|                                                                                                                                                             | 90,011               |             |   | Government National Mortgage Association II, 6.45%, 1/20/33                                                                                                                                                                                                                                                                             |   | 103,085     |
|                                                                                                                                                             | 48,604               |             |   | Government National Mortgage Association II, 6.45%, 11/20/32                                                                                                                                                                                                                                                                            |   | 55,647      |
|                                                                                                                                                             | 50,806               |             |   | Government National Mortgage Association II, 6.45%, 7/20/32                                                                                                                                                                                                                                                                             |   | 58,172      |
|                                                                                                                                                             | 31,274               |             |   | Government National Mortgage Association II, 6.5%, 1/20/24                                                                                                                                                                                                                                                                              |   | 35,846      |
|                                                                                                                                                             | 55,301               |             |   | Government National Mortgage Association II, 6.5%, 10/20/32                                                                                                                                                                                                                                                                             |   | 66,606      |
|                                                                                                                                                             | 69,457               |             |   | Government National Mortgage Association II, 6.5%, 3/20/34                                                                                                                                                                                                                                                                              |   | 84,177      |
|                                                                                                                                                             | 17,019               |             |   | Government National Mortgage Association II, 6.5%, 4/20/31                                                                                                                                                                                                                                                                              |   | 20,109      |
|                                                                                                                                                             | 12,268               |             |   | Government National Mortgage Association II, 6.5%, 6/20/31                                                                                                                                                                                                                                                                              |   | 14,365      |
|                                                                                                                                                             | 58,747               |             |   | Government National Mortgage Association II, 6.5%, 8/20/28                                                                                                                                                                                                                                                                              |   | 69,017      |
|                                                                                                                                                             | 14,093               |             |   | Government National Mortgage Association II, 7.0%, 1/20/31                                                                                                                                                                                                                                                                              |   | 17,212      |
|                                                                                                                                                             | 12,616               |             |   | Government National Mortgage Association II, 7.0%, 11/20/31                                                                                                                                                                                                                                                                             |   | 15,012      |
|                                                                                                                                                             | 9,334                |             |   | Government National Mortgage Association II, 7.0%, 2/20/29                                                                                                                                                                                                                                                                              |   | 11,261      |
|                                                                                                                                                             | 6,627                |             |   | Government National Mortgage Association II, 7.0%, 3/20/31                                                                                                                                                                                                                                                                              |   | 8,082       |
|                                                                                                                                                             | 12,711               |             |   | Government National Mortgage Association II, 7.0%, 5/20/26                                                                                                                                                                                                                                                                              |   | 15,014      |
|                                                                                                                                                             | 25,899               |             |   | Government National Mortgage Association II, 7.0%, 6/20/28                                                                                                                                                                                                                                                                              |   | 30,673      |
|                                                                                                                                                             | 32,213               |             |   | Government National Mortgage Association II, 7.0%, 7/20/31                                                                                                                                                                                                                                                                              |   | 39,399      |
|                                                                                                                                                             | 24,329               |             |   | Government National Mortgage Association II, 7.0%, 8/20/27                                                                                                                                                                                                                                                                              |   | 28,152      |
|                                                                                                                                                             | 8,109                |             |   | Government National Mortgage Association II, 7.5%, 12/20/30                                                                                                                                                                                                                                                                             |   | 10,092      |
|                                                                                                                                                             | 13,135               |             |   | Government National Mortgage Association II, 7.5%, 5/20/30                                                                                                                                                                                                                                                                              |   | 15,202      |
|                                                                                                                                                             | 4,129                |             |   | Government National Mortgage Association II, 7.5%, 6/20/30                                                                                                                                                                                                                                                                              |   | 4,733       |
|                                                                                                                                                             | 13,601               |             |   | Government National Mortgage Association II, 7.5%, 7/20/30                                                                                                                                                                                                                                                                              |   | 16,757      |
|                                                                                                                                                             | 13,992               |             |   | Government National Mortgage Association II, 7.5%, 8/20/30                                                                                                                                                                                                                                                                              |   | 17,226      |
|                                                                                                                                                             | 54                   |             |   | Government National Mortgage Association II, 8.0%, 5/20/25                                                                                                                                                                                                                                                                              |   | 61          |
|                                                                                                                                                             | 2,732                |             |   | Government National Mortgage Association II, 9.0%, 11/20/24                                                                                                                                                                                                                                                                             |   | 2,745       |
|                                                                                                                                                             | 2,798                |             |   | Government National Mortgage Association II, 9.0%, 3/20/22                                                                                                                                                                                                                                                                              |   | 2,812       |
|                                                                                                                                                             | 394                  |             |   | Government National Mortgage Association II, 9.0%, 4/20/22                                                                                                                                                                                                                                                                              |   | 396         |
|                                                                                                                                                             | 1,512                |             |   | Government National Mortgage Association II, 9.0%, 9/20/21                                                                                                                                                                                                                                                                              |   | 1,656       |
|                                                                                                                                                             | 600,000              |             |   | Private Export Funding Corp., 2.25%, 12/15/17                                                                                                                                                                                                                                                                                           |   | 611,226     |
|                                                                                                                                                             | 1,300,000            |             |   | Private Export Funding Corp., 2.8%, 5/15/22                                                                                                                                                                                                                                                                                             |   | 1,323,213   |
|                                                                                                                                                             | 3,420,000            |             |   | Private Export Funding Corp., 4.3%, 12/15/21                                                                                                                                                                                                                                                                                            |   | 3,807,462   |
|                                                                                                                                                             | 3,000,000            |             |   | Private Export Funding Corp., 4.375%, 3/15/19                                                                                                                                                                                                                                                                                           |   | 3,277,632   |
|                                                                                                                                                             | 1,555,000            |             |   | Private Export Funding Corp., 5.45%, 9/15/17                                                                                                                                                                                                                                                                                            |   | 1,675,306   |
|                                                                                                                                                             | 1,118,085            |             |   | Tennessee Valley Authority, 4.929%, 1/15/21                                                                                                                                                                                                                                                                                             |   | 1,224,669   |
|                                                                                                                                                             | 800,000              |             |   | Tennessee Valley Authority, 5.5%, 6/15/38                                                                                                                                                                                                                                                                                               |   | 1,020,367   |
|                                                                                                                                                             | 2,000,000            |             |   | U.S. Treasury Bonds, 3.0%, 5/15/42                                                                                                                                                                                                                                                                                                      |   | 2,039,584   |
|                                                                                                                                                             | 2,500,000            |             |   | U.S. Treasury Bonds, 4.25%, 5/15/39                                                                                                                                                                                                                                                                                                     |   | 3,132,195   |
|                                                                                                                                                             | 2,509,150            |             |   | U.S. Treasury Inflation Indexed Bonds, 0.125%, 7/15/24                                                                                                                                                                                                                                                                                  |   | 2,402,120   |
|                                                                                                                                                             | 1,330,833            |             |   | U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45                                                                                                                                                                                                                                                                                   |   | 1,180,369   |
|                                                                                                                                                             | 2,500,000            |             |   | U.S. Treasury Notes, 0.625%, 5/31/17                                                                                                                                                                                                                                                                                                    |   | 2,499,252   |
|                                                                                                                                                             | 5,200,000            |             |   | U.S. Treasury Notes, 1.875%, 8/31/17                                                                                                                                                                                                                                                                                                    |   | 5,309,012   |
|                                                                                                                                                             | 2,000,000            |             |   | U.S. Treasury Notes, 2.0%, 8/15/25                                                                                                                                                                                                                                                                                                      |   | 1,973,398   |
|                                                                                                                                                             | 4,000,000            |             |   | U.S. Treasury Notes, 2.625%, 11/15/20                                                                                                                                                                                                                                                                                                   |   | 4,200,728   |
|                                                                                                                                                             | 2,000,000            | 0.10             |   | United States Treasury Floating Rate Note, Floating Rate Note, 7/31/17                                                                                                                                                                                                                                                                  |   | 1,998,350   |
|                                                                                                                                                             |                 |             |   | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS                                                                                                                                                                                                                                                                                            |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $76,907,531)                                                                                                                                                                                                                                                                                                                      | $      | 79,537,151  |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | FOREIGN GOVERNMENT BONDS - 5.8%                                                                                                                                                                                                                                                                                                         |   |        |
|                                                                                                                                                             | 3,000,000            |             |   | Israel Government AID Bond, 5.5%, 4/26/24                                                                                                                                                                                                                                                                                               | $      | 3,667,983   |
|                                                                                                                                                             | 2,000,000            |             |   | Israel Government AID Bond, 5.5%, 9/18/23                                                                                                                                                                                                                                                                                               |   | 2,424,488   |
|                                                                                                                                                             |                 |             |   | TOTAL FOREIGN GOVERNMENT BONDS                                                                                                                                                                                                                                                                                                          |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $5,856,680)                                                                                                                                                                                                                                                                                                                       | $      | 6,092,471   |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | MUNICIPAL BONDS - 0.6% (d)                                                                                                                                                                                                                                                                                                              |   |        |
|                                                                                                                                                             |                 |             |   | Municipal General - 0.3%                                                                                                                                                                                                                                                                                                                |   |        |
|                                                                                                                                                             | 125,000              |             |   | Virginia Commonwealth Transportation Board, 4.0%, 5/15/31                                                                                                                                                                                                                                                                               | $      | 133,481     |
|                                                                                                                                                             | 125,000              |             |   | Virginia Commonwealth Transportation Board, 4.0%, 5/15/32                                                                                                                                                                                                                                                                               |   | 132,805     |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    | $      | 266,286     |
|                                                                                                                                                             |                 |             |   | Higher Municipal Education - 0.1%                                                                                                                                                                                                                                                                                                       |   |        |
|                                                                                                                                                             | 100,000              |             |   | New Jersey Educational Facilities Authority, Princeton University Series D, 4.0%, 7/1/45                                                                                                                                                                                                                                                | $      | 104,653     |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | Municipal School District - 0.1%                                                                                                                                                                                                                                                                                                        |   |        |
|                                                                                                                                                             | 100,000              |             |   | Frisco Independent School District, 4.0%, 8/15/40 (e)                                                                                                                                                                                                                                                                                   | $      | 104,336     |
|                                                                                                                                                             | 50,000               |             |   | Frisco Independent School District, 4.0%, 8/15/45 (e)                                                                                                                                                                                                                                                                                   |   | 51,846      |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    | $      | 156,182     |
|                                                                                                                                                             |                 |             |   | Municipal Obligation - 0.1%                                                                                                                                                                                                                                                                                                             |   |        |
|                                                                                                                                                             | 150,000              |             |   | State of Texas, 4.0%, 10/1/44                                                                                                                                                                                                                                                                                                           | $      | 155,934     |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | TOTAL MUNICIPAL BONDS                                                                                                                                                                                                                                                                                                                   |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $671,428)                                                                                                                                                                                                                                                                                                                         | $      | 683,055     |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | TOTAL INVESTMENT IN SECURITIES - 96.3%                                                                                                                                                                                                                                                                                                  |   |        |
|                                                                                                                                                             |                 |             |   | (Cost $98,522,063) (a)                                                                                                                                                                                                                                                                                                                  | $      | 102,066,018 |
|                                                                                                                                                             |                 |             |   | OTHER ASSETS & LIABILITIES - 3.7%                                                                                                                                                                                                                                                                                                   | $      | 3,966,420   |
|                                                                                                                                                             |                 |             |   | TOTAL NET ASSETS - 100.0%                                                                                                                                                                                                                                                                                                               | $      | 106,032,438 |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (144A)               |             |   | Security is exempt from registration under Rule 144A of the Securities Act of 1933.  Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration.  At October 31 31, 2015, the value of these securities amounted to $1,519,177 or 1.4% of total net assets. |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | REMICS               |             |   | Real estate mortgage investment conduits.                                                                                                                                                                                                                                                                                               |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (a)                  |             |   | At October 31, 2015, the net unrealized appreciation on investments based on                                                                                                                                                                                                                                                            |   |        |
|                                                                                                                                                             |                 |             |   | cost for federal income tax purposes of $98,737,899 was as follows:                                                                                                                                                                                                                                                                     |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | Aggregate gross unrealized appreciation for all investments in which                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | there is an excess of value over tax cost                                                                                                                                                                                                                                                                                               | $      | 3,825,853   |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | Aggregate gross unrealized depreciation for all investments in which                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | there is an excess of tax cost over value                                                                                                                                                                                                                                                                                               |   | (497,734)   |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             |                 |             |   | Net unrealized appreciation                                                                                                                                                                                                                                                                                                             | $      | 3,328,119   |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (b)                  |             |   | Debt obligation with a variable interest rate.  Rate shown is rate at end of period.                                                                                                                                                                                                                                          |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (c)                  |             |   | Security issued with a zero coupon. Income is recognized through accretion of discount.                                                                                                                                                                                                                                                 |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (d)                  |             |   | Consists of Revenue Bonds unless otherwise indicated.                                                                                                                                                                                                                                                                                   |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                             | (e)                  |             |   | Represents a General Obligation Bond.                                                                                                                                                                                                                                                                                                   |   |        |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
| Various inputs are used in determining the value of the Fund’s investments.  These inputs are summarized in the three broad levels listed below. |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
| Level 1 – quoted prices in active markets for identical securities                                                                                         |                 |             |
| Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)       |
| Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)                                  |                 |             |
|                                                                                                                                                             |                 |             |   |                                                                                                                                                                                                                                                                                                                                    |   |        |
| The following is a summary of the inputs used as of October 31, 2015, in valuing the Fund’s assets:                                                        |                 |             |

|                                                                                         |   | Level 1 |   |   | Level 2 |   |        | Level 3 |   |   | Total  |   |
|----------------------------------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|-------------|---------|--------|--------|--------|--------|
| Asset Backed Securities                                                                      |   | $       | -      |   |    | $      | 3,979,506   |    |   | $      | -      |   |   | $ | 3,979,506 |   |
| Collateralized Mortgage Obligations                                                          |   |    | -      |   |    |   | 11,284,067  |    |   |   | -      |   |   |   | 11,284,067 |   |
| Corporate Bonds                                                                              |   |    | -      |   |    |   | 489,768     |    |   |   | -      |   |   |   | 489,768 |   |
| U.S. Government and Agency Obligations                                                       |   |    | -      |   |    |   | 79,537,151  |    |   |   | -      |   |   |   | 79,537,151 |   |
| Foreign Government Bonds                                                                     |   |    | -      |   |    |   | 6,092,471   |    |   |   | -      |   |   |   | 6,092,471 |   |
| Municipal Bonds                                                                              |   |    | -      |   |    |   | 683,055     |    |   |   | -      |   |   |   | 683,055 |   |
| Total                                                                                        |   | $       | -      |   |    | $      | 102,066,018 |    |   | $      | -      |   |   | $ | 102,066,018 |   |
|                                                                                         |   |    |   |   |    |   |        |    |   |   |   |   |   |   |   |   |
| Other Financial Instruments                                                                  |   |    |   |   |    |   |        |    |   |   |   |   |   |   |   |   |
| Net unrealized appreciation on futures contracts                                             |   | $       | 4,148  |   |    | $      | -           |    |   | $      | -      |   |   | $ | 4,148 |   |
| Total Other Financial Instruments                                                            |   | $       | 4,148  |   |    | $      | -           |    |   | $      | -      |   |   | $ | 4,148 |   |
|                                                                                         |   |    |   |   |    |   |        |    |   |   |   |   |   |   |   |   |
| During the period ended October 31, 2015, there were no transfers between Levels 1, 2 and 3. |   |    |   |   |    |   |        |    |   |   |   |   |   |   |   |   |

|   |                                             |             |                                                                                                                                     | Pioneer Multi-Asset Income Fund                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|--------|--------------------------------------------------|------------------|------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|-------------------------|-----------|-----------|--------------|
|   |                                             |             |                                                                                                                                     | Schedule of Investments 10/31/15 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | Principal Amount ($)                             | FloatingRate (b) | S&P/Moody'sRatings                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | Value     |
|   |                                             |             |                                                                                                                                     | CONVERTIBLE CORPORATE BONDS - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Energy - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Oil & Gas Exploration & Production - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 515,000                                          |             | CCC-/NR                                                                                                                                  | Cobalt International Energy, Inc., 2.625%, 12/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 370,800      |
|   | 295,000                                          |             | CCC-/NR                                                                                                                                  | SandRidge Energy, Inc., 8.125%, 10/16/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 77,438       |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 448,238      |
|   |                                             |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 448,238      |
|   |                                             |             |                                                                                                                                     | Materials - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified Metals & Mining - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 27,430                                           |             | NR/NR                                                                                                                                    | Mirabela Nickel, Ltd., 9.5%, 6/24/19 (144A) (0.0% cash, 9.5% PIK) (PIK) (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $           | 13,715                  |
|   |                                             |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 13,715       |
|   |                                             |             |                                                                                                                                     | Capital Goods - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Electrical Components & Equipment - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 1,410,000                                        |             | B-/Caa1                                                                                                                                  | General Cable Corp., 4.5%, 11/15/29 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 963,206      |
|   | 1,000,000                                        |             | NR/NR                                                                                                                                    | SolarCity Corp., 1.625%, 11/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 693,750      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 1,656,956    |
|   |                                             |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 1,656,956    |
|   |                                             |             |                                                                                                                                     | Real Estate - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Mortgage REIT - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 595,000                                          |             | NR/NR                                                                                                                                    | Apollo Commercial Real Estate Finance, Inc., 5.5%, 3/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 596,488      |
|   |                                             |             |                                                                                                                                     | Total Real Estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 596,488      |
|   |                                             |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Semiconductor Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 5,000,000                                        |             | NR/NR                                                                                                                                    | SunEdison, Inc., 3.375%, 6/1/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 2,318,750    |
|   |                                             |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 2,318,750    |
|   |                                             |             |                                                                                                                                     | TOTAL CONVERTIBLE CORPORATE BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $6,156,386)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 5,034,147    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | PREFERRED STOCKS - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Transportation - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Air Freight & Logistics - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 49                                               |             | NR/NR                                                                                                                                    | CEVA Group Plc (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 21,848       |
|   |                                             |             |                                                                                                                                     | Total Transportation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 21,848       |
|   |                                             |             |                                                                                                                                     | Banks - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified Banks - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 32,403                                           | 7.12             | BB+/Ba2                                                                                                                                  | Citigroup, Inc., Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 893,351      |
|   |                                             |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 893,351      |
|   |                                             |             |                                                                                                                                     | Diversified Financials - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Investment Banking & Brokerage - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 845                                              | 6.38             | BB/Ba1                                                                                                                                   | Morgan Stanley, Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 21,886       |
|   |                                             |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 21,886       |
|   |                                             |             |                                                                                                                                     | Utilities - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Electric Utilities - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 1,634                                            |             | BBB/Baa3                                                                                                                                 | PPL Capital Funding, Inc., 5.9%, 4/30/73                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 41,406       |
|   |                                             |             |                                                                                                                                     | Total Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 41,406       |
|   |                                             |             |                                                                                                                                     | TOTAL PREFERRED STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $921,260)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 978,491      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | CONVERTIBLE PREFERRED STOCKS - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Energy - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Oil & Gas Exploration & Production - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 500                                              |             | NR/NR                                                                                                                                    | Halcon Resources Corp. (Perpetual) (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 63,875       |
|   |                                             |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 63,875       |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 1,025                                            |             | NR/NR                                                                                                                                    | Allergan plc, 5.5%, 3/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 1,072,796    |
|   |                                             |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,072,796    |
|   |                                             |             |                                                                                                                                     | TOTAL CONVERTIBLE PREFERRED STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $1,308,987)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 1,136,671    |
|   | Shares                                           |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | COMMON STOCKS - 49.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Energy - 1.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Oil & Gas Exploration & Production - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 26,968                                           |             |                                                                                                                                     | Societatea Nationala de Gaze Naturale ROMGAZ SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 195,452      |
|   |                                             |             |                                                                                                                                     | Oil & Gas Storage & Transportation - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 953,089                                          |             |                                                                                                                                     | Avance Gas Holding, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 13,134,365   |
|   | 290,965                                          |             |                                                                                                                                     | BW LPG, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 1,977,454    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 15,111,819   |
|   |                                             |             |                                                                                                                                     | Coal & Consumable Fuels - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 2,650,351                                        |             |                                                                                                                                     | Indo Tambangraya Megah Tbk PT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 1,641,039    |
|   |                                             |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 16,948,310   |
|   |                                             |             |                                                                                                                                     | Materials - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Commodity Chemicals - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 275,692                                          |             |                                                                                                                                     | Chevron Lubricants Lanka Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 732,482      |
|   |                                             |             |                                                                                                                                     | Diversified Metals & Mining - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 3,668,000                                        |             |                                                                                                                                     | MMG, Ltd. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 809,285      |
|   |                                             |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,541,767    |
|   |                                             |             |                                                                                                                                     | Capital Goods - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Electrical Components & Equipment - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 41,330                                           |             |                                                                                                                                     | Prysmian S.p.A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 893,876      |
|   |                                             |             |                                                                                                                                     | Heavy Electrical Equipment - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 687,000                                          |             |                                                                                                                                     | Mitsubishi Electric Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 7,228,883    |
|   |                                             |             |                                                                                                                                     | Industrial Machinery - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 172,417                                          |             |                                                                                                                                     | Ingersoll-Rand Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 10,217,431   |
|   | 3,071                                            |             |                                                                                                                                     | Liberty Tire Reclycling LLC (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 31           |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 10,217,462   |
|   |                                             |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 18,340,221   |
|   |                                             |             |                                                                                                                                     | Transportation - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Air Freight & Logistics - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 22                                               |             |                                                                                                                                     | CEVA Group Plc *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 10,094       |
|   |                                             |             |                                                                                                                                     | Airlines - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 149,330                                          |             |                                                                                                                                     | American Airlines Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 6,902,033    |
|   | 232,555                                          |             |                                                                                                                                     | easyJet Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 6,278,956    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 13,180,989   |
|   |                                             |             |                                                                                                                                     | Total Transportation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 13,191,083   |
|   |                                             |             |                                                                                                                                     | Automobiles & Components - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Auto Parts & Equipment - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 253,885                                          |             |                                                                                                                                     | SAF-Holland SA *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 3,710,943    |
|   |                                             |             |                                                                                                                                     | Tires & Rubber - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 63,200                                           |             |                                                                                                                                     | Bridgestone Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 2,343,786    |
|   |                                             |             |                                                                                                                                     | Total Automobiles & Components                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 6,054,729    |
|   |                                             |             |                                                                                                                                     | Consumer Durables & Apparel - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Homebuilding - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 86,902                                           |             |                                                                                                                                     | PulteGroup, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 1,592,914    |
|   | 639,000                                          |             |                                                                                                                                     | Sekisui Chemical Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 7,602,668    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 9,195,582    |
|   |                                             |             |                                                                                                                                     | Footwear - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 1,705,000                                        |             |                                                                                                                                     | Belle International Holdings, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 1,658,714    |
|   |                                             |             |                                                                                                                                     | Total Consumer Durables & Apparel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 10,854,296   |
|   |                                             |             |                                                                                                                                     | Media - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Advertising - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 33,646                                           |             |                                                                                                                                     | Publicis Groupe SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 2,187,138    |
|   |                                             |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 2,187,138    |
|   |                                             |             |                                                                                                                                     | Food & Staples Retailing - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Drug Retail - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 87,800                                           |             |                                                                                                                                     | Sundrug Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 4,670,251    |
|   |                                             |             |                                                                                                                                     | Total Food & Staples Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 4,670,251    |
|   |                                             |             |                                                                                                                                     | Food, Beverage & Tobacco - 4.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Distillers & Vintners - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   | 1,299,679,750                                    |             |                                                                                                                                     | Vina San Pedro Tarapaca SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 10,255,234   |
|   |                                             |             |                                                                                                                                     | Soft Drinks - 1.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 578,931                                          |             |                                                                                                                                     | Britvic Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 6,243,494    |
|   | 186,367                                          |             |                                                                                                                                     | Coca-Cola Enterprises, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 9,568,082    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 15,811,576   |
|   |                                             |             |                                                                                                                                     | Packaged Foods & Meats - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 52,400                                           |             |                                                                                                                                     | Keurig Green Mountain, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 2,659,300    |
|   | 6,468,500                                        |             |                                                                                                                                     | WH Group, Ltd. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 3,580,443    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 6,239,743    |
|   |                                             |             |                                                                                                                                     | Tobacco - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 142,212                                          |             |                                                                                                                                     | Altria Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 8,599,560    |
|   |                                             |             |                                                                                                                                     | Total Food, Beverage & Tobacco                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 40,906,113   |
|   |                                             |             |                                                                                                                                     | Health Care Equipment & Services - 1.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Health Care Distributors - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 148,245                                          |             |                                                                                                                                     | Cardinal Health, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 12,185,739   |
|   |                                             |             |                                                                                                                                     | Managed Health Care - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 10,032                                           |             |                                                                                                                                     | Humana, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 1,792,016    |
|   |                                             |             |                                                                                                                                     | Total Health Care Equipment & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 13,977,755   |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 8.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Biotechnology - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 353,721                                          |             |                                                                                                                                     | Baxalta, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 12,189,226   |
|   | 21,386                                           |             |                                                                                                                                     | Gilead Sciences, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 2,312,468    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 14,501,694   |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals - 6.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 14,207                                           |             |                                                                                                                                     | Jazz Pharmaceuticals Plc *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 1,950,337    |
|   | 286,483                                          |             |                                                                                                                                     | Johnson & Johnson                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 28,943,377   |
|   | 869,602                                          |             |                                                                                                                                     | Pfizer, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 29,409,932   |
|   | 8,688                                            |             |                                                                                                                                     | Roche Holding AG                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 2,359,660    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 62,663,306   |
|   |                                             |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 77,165,000   |
|   |                                             |             |                                                                                                                                     | Banks - 6.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified Banks - 5.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 430,549                                          |             |                                                                                                                                     | Aldermore Group Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 1,752,351    |
|   | 52,874,434                                       |             |                                                                                                                                     | Corpbanca SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 485,546      |
|   | 423,754                                          |             |                                                                                                                                     | Grupo Financiero Banorte SAB de CV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 2,270,666    |
|   | 98,170                                           |             |                                                                                                                                     | HSBC Holdings Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 768,819      |
|   | 177,986                                          |             |                                                                                                                                     | JPMorgan Chase & Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 11,435,600   |
|   | 983,900                                          |             |                                                                                                                                     | Mitsubishi UFJ Financial Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 6,444,934    |
|   | 1,251,814                                        |             |                                                                                                                                     | Nordea Bank AB                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 13,866,816   |
|   | 324,500                                          |             |                                                                                                                                     | Sumitomo Mitsui Financial Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 13,066,573   |
|   | 161,853                                          |             |                                                                                                                                     | Swedbank AB                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 3,720,519    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 53,811,824   |
|   |                                             |             |                                                                                                                                     | Regional Banks - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 52,993                                           |             |                                                                                                                                     | The PNC Financial Services Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 4,783,148    |
|   |                                             |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 58,594,972   |
|   |                                             |             |                                                                                                                                     | Diversified Financials - 4.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Asset Management & Custody Banks - 3.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 242,155                                          |             |                                                                                                                                     | Aberdeen Asset Management Plc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 1,295,302    |
|   | 2,256,587                                        |             |                                                                                                                                     | Apollo Investment Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 12,050,175   |
|   | 468,830                                          |             |                                                                                                                                     | Ares Capital Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 7,140,281    |
|   | 1,229,677                                        |             |                                                                                                                                     | Fifth Street Finance Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 7,046,049    |
|   | 306,353                                          |             |                                                                                                                                     | TCP Capital Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 4,457,436    |
|   | 351,346                                          |             |                                                                                                                                     | TriplePoint Venture Growth BDC Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 3,812,104    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 35,801,347   |
|   |                                             |             |                                                                                                                                     | Investment Banking & Brokerage - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 70,272                                           |             |                                                                                                                                     | Morgan Stanley Co.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 2,316,868    |
|   | 25,477                                           |             |                                                                                                                                     | The Goldman Sachs Group, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 4,776,938    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 7,093,806    |
|   |                                             |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 42,895,153   |
|   |                                             |             |                                                                                                                                     | Insurance - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Life & Health Insurance - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 1,544,752                                        |             |                                                                                                                                     | Poste Italiane S.p.A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 11,051,503   |
|   |                                             |             |                                                                                                                                     | Multi-line Insurance - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 42,922                                           |             |                                                                                                                                     | Allianz SE *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 7,528,028    |
|   |                                             |             |                                                                                                                                     | Total Insurance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 18,579,531   |
|   |                                             |             |                                                                                                                                     | Real Estate - 1.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Industrial REIT - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 4,041,200                                        |             |                                                                                                                                     | Mapletree Industrial Trust                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 4,401,707    |
|   | 2,260,200                                        |             |                                                                                                                                     | Mapletree Logistics Trust                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 1,646,600    |
|   | 601,383                                          |             |                                                                                                                                     | PLA Administradora Industrial S de RL de CV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 1,108,172    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 7,156,479    |
|   |                                             |             |                                                                                                                                     | Office REIT - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 136,758                                          |             |                                                                                                                                     | alstria office REIT-AG                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 1,910,885    |
|   |                                             |             |                                                                                                                                     | Specialized REIT - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 138,202                                          |             |                                                                                                                                     | EPR Properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 7,851,256    |
|   |                                             |             |                                                                                                                                     | Total Real Estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 16,918,620   |
|   |                                             |             |                                                                                                                                     | Software & Services - 3.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Internet Software & Services - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 7,294                                            |             |                                                                                                                                     | Alphabet, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 5,378,523    |
|   | 212,156                                          |             |                                                                                                                                     | eBay, Inc. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 5,919,152    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 11,297,675   |
|   |                                             |             |                                                                                                                                     | IT Consulting & Other Services - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 57,642                                           |             |                                                                                                                                     | International Business Machines Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 8,074,491    |
|   |                                             |             |                                                                                                                                     | Systems Software - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 268,433                                          |             |                                                                                                                                     | Microsoft Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 14,130,313   |
|   |                                             |             |                                                                                                                                     | Total Software & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 33,502,479   |
|   |                                             |             |                                                                                                                                     | Technology Hardware & Equipment - 4.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Communications Equipment - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 57,975                                           |             |                                                                                                                                     | Qualcomm, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 3,444,874    |
|   |                                             |             |                                                                                                                                     | Computer Storage & Peripherals - 2.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 160,668                                          |             |                                                                                                                                     | Apple, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 19,199,826   |
|   | 235,168                                          |             |                                                                                                                                     | EMC Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 6,166,105    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 25,365,931   |
|   |                                             |             |                                                                                                                                     | Technology Hardware Storage & Perihperals - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 197,000                                          |             |                                                                                                                                     | Asustek Computer, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 1,765,809    |
|   | 50,223                                           |             |                                                                                                                                     | Neopost SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 1,250,940    |
|   | 130,072                                          |             |                                                                                                                                     | NetApp, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 4,422,448    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 7,439,197    |
|   |                                             |             |                                                                                                                                     | Electronic Equipment Manufacturers - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 1,369,000                                        |             |                                                                                                                                     | PAX Global Technology, Ltd. *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 1,798,155    |
|   | 2,240,000                                        |             |                                                                                                                                     | Wasion Group Holdings, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 2,497,110    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,295,265    |
|   |                                             |             |                                                                                                                                     | Electronic Components - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 1,814,000                                        |             |                                                                                                                                     | Yageo Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 2,866,416    |
|   |                                             |             |                                                                                                                                     | Electronic Manufacturing Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 315,000                                          |             |                                                                                                                                     | Global Display Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,127,222    |
|   |                                             |             |                                                                                                                                     | Total Technology Hardware & Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 44,538,905   |
|   |                                             |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Semiconductors - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 238,547                                          |             |                                                                                                                                     | SK Hynix, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 6,415,334    |
|   | 1,273,000                                        |             |                                                                                                                                     | Transcend Information, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 3,556,479    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 9,971,813    |
|   |                                             |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 9,971,813    |
|   |                                             |             |                                                                                                                                     | Telecommunication Services - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Integrated Telecommunication Services - 1.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 100,600                                          |             |                                                                                                                                     | Nippon Telegraph & Telephone Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 3,739,108    |
|   | 116,856                                          |             |                                                                                                                                     | Orange SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 2,062,382    |
|   | 144,048                                          |             |                                                                                                                                     | Verizon Communications, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 6,752,970    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 12,554,460   |
|   |                                             |             |                                                                                                                                     | Total Telecommunication Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 12,554,460   |
|   |                                             |             |                                                                                                                                     | Utilities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Multi-Utilities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 113,831                                          |             |                                                                                                                                     | Engie SA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,998,971    |
|   |                                             |             |                                                                                                                                     | Total Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,998,971    |
|   |                                             |             |                                                                                                                                     | Government - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Government - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 282,900                                          |             |                                                                                                                                     | Japan Post Holdings Co, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 3,281,495    |
|   |                                             |             |                                                                                                                                     | Total Government                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 3,281,495    |
|   |                                             |             |                                                                                                                                     | TOTAL COMMON STOCKS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $472,689,491)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 448,673,062  |
|   | Principal Amount ($)                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     | ASSET BACKED SECURITIES - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 1,160                                            | 6.50             | BB+/Baa1                                                                                                                                 | ACE Securities Corp. Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $           | 1,160                   |
|   | 800,000                                          |             | NR/Ba1                                                                                                                                   | Ascentium Equipment Receivables 2015-1 LLC, 5.92%, 6/12/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    | 796,478   |
|   | 499,993                                          |             | NR/NR                                                                                                                                    | Axis Equipment Finance Receivables III LLC, 5.27%, 5/20/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | 501,017   |
|   | 253,150                                          |             | NR/NR                                                                                                                                    | Bayview Opportunity Master Fund IIa Trust 2014-20NPL, 3.721%, 8/28/44 (Step) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 253,876     |
|   | 1,066,551                                        | 3.72             | NR/NR                                                                                                                                    | Bayview Opportunity Master Fund Trust 2014-15RPL, Floating Rate Note, 10/28/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1,065,712   |
|   | 53,974                                           |             | NR/B2                                                                                                                                    | Bear Stearns Asset Backed Securities Trust, 8.41%, 10/25/29 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | 54,330    |
|   | 169,277                                          |             | A+/Baa1                                                                                                                                  | Countrywide Asset-Backed Certificates, 5.557%, 1/25/36 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | 169,616   |
|   | 49,338                                           | 5.24             | BB+/Baa1                                                                                                                                 | Countrywide Asset-Backed Certificates, Floating Rate Note, 1/25/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | 50,533    |
|   | 70,017                                           | 7.78             | NR/NR                                                                                                                                    | GE Mortgage Services LLC, Floating Rate Note, 3/25/27                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 47,392       |
|   | 482,303                                          |             | NR/NR                                                                                                                                    | GLC Trust 2013-1, 3.0%, 7/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 476,275      |
|   | 2,250,000                                        |             | BBB/NR                                                                                                                                   | Green Tree Agency Advance Funding Trust I, 4.6692%, 10/15/48 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    | 2,242,350 |
|   | 750,000                                          |             | NR/Ba1                                                                                                                                   | Leaf Receivables Funding 10 LLC, 5.21%, 7/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 740,517      |
|   | 196,525                                          |             | NR/Baa3                                                                                                                                  | Nations Equipment Finance Funding I LLC, 5.5%, 5/20/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | 197,415   |
|   | 250,000                                          |             | NR/NR                                                                                                                                    | Navitas Equipment Receivables LLC 2013-1, 5.82%, 6/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 251,178      |
|   | 1,000,000                                        |             | NR/NR                                                                                                                                    | Navitas Equipment Receivables LLC 2015-1, 5.75%, 5/17/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | 1,003,340 |
|   | 600,000                                          | 4.67             | NR/NR                                                                                                                                    | NCF Dealer Floorplan Master Trust, Floating Rate Note, 10/20/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    | 600,060   |
|   | 81,311                                           |             | CC/Caa2                                                                                                                                  | RASC Series 2003-KS5 Trust, 4.96%, 7/25/33 (Step)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 80,616       |
|   | 1,200,000                                        | 3.45             | NR/Ba2                                                                                                                                   | Silver Bay Realty 2014-1 Trust, Floating Rate Note, 9/18/31 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | 1,160,169 |
|   | 178,332                                          |             | A+/NR                                                                                                                                    | Spirit Master Funding LLC, 5.74%, 3/20/42 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 195,309      |
|   | 145,036                                          |             | BBB-/Ba1                                                                                                                                 | US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | 148,299   |
|   | 557,852                                          |             | NR/NR                                                                                                                                    | Westgate Resorts 2014-1 LLC, 5.5%, 12/20/26 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 556,793      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 10,592,435   |
|   |                                             |             |                                                                                                                                     | TOTAL ASSET BACKED SECURITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $10,509,916)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 10,592,435   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | COLLATERALIZED MORTGAGE OBLIGATIONS - 3.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 100,000                                          |             | NR/NR                                                                                                                                    | A10 Securitization 2013-1 LLC, 4.7%, 11/17/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 99,828       |
|   | 100,000                                          |             | NR/NR                                                                                                                                    | A10 Securitization 2013-1 LLC, 6.41%, 11/17/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 99,781       |
|   | 100,000                                          | 5.21             | NR/A3                                                                                                                                    | Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 99,911      |
|   | 1,500,000                                        | 5.17             | NR/B3                                                                                                                                    | Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, Floating Rate Note, 10/12/42                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 1,497,958   |
|   | 767,493                                          |             | BB/NR                                                                                                                                    | Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 765,140     |
|   | 4,555,000                                        | 2.70             | A-/NR                                                                                                                                    | CDGJ Commercial Mortgage Trust 2014-BXCH, Floating Rate Note, 12/15/27 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 4,486,554   |
|   | 12,567                                           | 5.81             | CCC/NR                                                                                                                                   | CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    | 12,889    |
|   | 50,000                                           | 5.97             | NR/Baa1                                                                                                                                  | Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/17/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    | 50,713    |
|   | 16,167                                           |             | CCC/NR                                                                                                                                   | Credit Suisse First Boston Mortgage Securities Corp., 5.5%, 6/25/33                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | 16,385    |
|   | 855,000                                          | 5.10             | BBB-/NR                                                                                                                                  | Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        | 853,844                 |
|   | 100,000                                          | 5.64             | NR/A2                                                                                                                                    | DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/12/44 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    | 110,018   |
|   | 200,000                                          | 5.20             | NR/NR                                                                                                                                    | Del Coronado Trust 2013-DEL MZ, Floating Rate Note, 3/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    | 200,000   |
|   | 50,000                                           | 4.30             | AA+/Baa2                                                                                                                                 | Federal Home Loan Mortgage Corp., Floating Rate Note, 9/26/44 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    | 51,875    |
|   | 115,310                                          |             | AA+/Aaa                                                                                                                                  | Federal National Mortgage Association REMICS, 3.5%, 1/25/29 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | 5,835     |
|   | 100,000                                          | 4.49             | AA+/A3                                                                                                                                   | FREMF Mortgage Trust 2011-K12, Floating Rate Note, 1/25/46 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | 107,749   |
|   | 151,031                                          |             | CCC/B3                                                                                                                                   | Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 103,665      |
|   | 59,392                                           |             | B-/B1                                                                                                                                    | Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 46,190       |
|   | 60,012                                           |             | CCC/Caa3                                                                                                                                 | Global Mortgage Securitization, Ltd., 5.25%, 11/25/32 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 47,860       |
|   | 34,478                                           |             | CCC/Caa3                                                                                                                                 | Global Mortgage Securitization, Ltd., 5.25%, 4/25/32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 25,557       |
|   | 210,000                                          | 5.00             | NR/NR                                                                                                                                    | GMAT 2013-1 Trust, Floating Rate Note, 8/25/53                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 200,451      |
|   | 20,599                                           | 6.43             | AA+/Aaa                                                                                                                                  | Government National Mortgage Association REMICS, Floating Rate Note, 6/20/38 (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 1,313       |
|   | 675,000                                          | 4.10             | BBB-/NR                                                                                                                                  | GS Mortgage Securities Trust 2014-GSFL, Floating Rate Note, 7/15/31 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        | 670,138                 |
|   | 5,000,000                                        | 3.05             | A-/NR                                                                                                                                    | JP Morgan Chase Commercial Mortgage Securities Corp. REMICS, Floating Rate Note, 5/15/28 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 4,863,866   |
|   | 225,000                                          | 6.01             | B-/NR                                                                                                                                    | JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 227,622     |
|   | 1,960,000                                        | 6.42             | NR/NR                                                                                                                                    | JP Morgan Chase Commercial Mortgage Securities Trust 2014-CBM MZ, Floating Rate Note, 10/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1,962,254   |
|   | 1,250,000                                        | 3.71             | BB-/NR                                                                                                                                   | JP Morgan Chase Commercial Mortgage Securities Trust 2014-FBLU REMICS, Floating Rate Note, 12/15/28 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                               | 1,249,513   |
|   | 88,325                                           |             | NR/Caa3                                                                                                                                  | Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    | 70,420    |
|   | 2,300,000                                        | 5.46             | BBB-/B1                                                                                                                                  | Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    | 2,296,548 |
|   | 5,000,000                                        | 6.03             | BBB+/NR                                                                                                                                  | Merrill Lynch Mortgage Trust 2007-C1, Floating Rate Note, 6/12/50                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | 5,198,584 |
|   | 3,000,000                                        |             | B/B3                                                                                                                                     | ML-CFC Commercial Mortgage Trust 2006-4, 5.239%, 12/12/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | 2,989,908 |
|   | 100,000                                          | 6.11             | BB+/NR                                                                                                                                   | Morgan Stanley Capital I Trust 2007-IQ15, Floating Rate Note, 6/11/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | 105,691   |
|   | 250,000                                          | 5.58             | BB/NR                                                                                                                                    | Springleaf Mortgage Loan Trust 2013-1, Floating Rate Note, 6/25/58 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    | 251,097   |
|   | 1,000,000                                        | 7.12             | BB/NR                                                                                                                                    | Velocity Commercial Capital Loan Trust 2015-1, Floating Rate Note, 6/25/45 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 1,002,100   |
|   | 84,000                                           | 5.66             | B+/Ba1                                                                                                                                   | Wachovia Bank Commercial Mortgage Trust Series 2006-C24, Floating Rate Note, 3/15/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 84,242      |
|   | 25,000                                           | 6.14             | B/B1                                                                                                                                     | Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 25,807      |
|   | 100,000                                          | 5.34             | NR/A2                                                                                                                                    | WFRBS Commercial Mortgage Trust 2011-C3, Floating Rate Note, 3/15/44 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        | 107,415                 |
|   | 100,000                                          | 4.49             | BBB-/NR                                                                                                                                  | WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/17/48 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 93,637      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 30,082,358   |
|   |                                             |             |                                                                                                                                     | TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |
|   |                                             |             |                                                                                                                                     | (Cost $30,287,049)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 30,082,358   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | CORPORATE BONDS - 40.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Energy - 6.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Oil & Gas Drilling - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 210,000                                          |             | CCC/Caa3                                                                                                                                 | Ocean Rig UDW, Inc., 7.25%, 4/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 97,650       |
|   |                                             |             |                                                                                                                                     | Oil & Gas Equipment & Services - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   | 700,000                                          |             | B/B1                                                                                                                                     | Exterran Partners LP, 6.0%, 4/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 605,500      |
|   | 500,000                                          |             | BB/Ba3                                                                                                                                   | Forum Energy Technologies, Inc., 6.25%, 10/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 418,750      |
|   | 1,395,000                                        | 7.84             | B+/B1                                                                                                                                    | FTS International, Inc., Floating Rate Note, 6/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 969,572      |
|   | 370,000                                          |             | BBB-/Baa3                                                                                                                                | Hiland Partners LP, 5.5%, 5/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 360,278      |
|   | 600,000                                          |             | BBB-/Baa3                                                                                                                                | Hiland Partners LP, 7.25%, 10/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 627,000      |
|   | 295,000                                          |             | CCC+/Caa3                                                                                                                                | Key Energy Services, Inc., 6.75%, 3/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 94,400       |
|   | 860,000                                          |             | BB-/B1                                                                                                                                   | McDermott International, Inc., 8.0%, 5/1/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 739,600      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,815,100    |
|   |                                             |             |                                                                                                                                     | Integrated Oil & Gas - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 144,000                                          |             | CCC-/Ca                                                                                                                                  | Energy XXI Gulf Coast, Inc., 6.875%, 3/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 28,080       |
|   | 4,392,000                                        |             | BBB-/Ba1                                                                                                                                 | Lukoil International Finance BV, 6.125%, 11/9/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 4,534,740    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,562,820    |
|   |                                             |             |                                                                                                                                     | Oil & Gas Exploration & Production - 3.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 765,000                                          |             | B-/Caa1                                                                                                                                  | Approach Resources, Inc., 7.0%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 428,400      |
|   | 700,000                                          |             | B/B3                                                                                                                                     | Berry Petroleum Co., LLC, 6.375%, 9/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 252,000      |
|   | 935,000                                          |             | CCC+/B3                                                                                                                                  | Bonanza Creek Energy, Inc., 5.75%, 2/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 626,450      |
|   | 685,000                                          |             | CCC+/B3                                                                                                                                  | Bonanza Creek Energy, Inc., 6.75%, 4/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 493,200      |
|   | 430,000                                          |             | CCC+/Caa1                                                                                                                                | BreitBurn Energy Partners LP, 7.875%, 4/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 161,250      |
|   | 2,195,000                                        |             | B/B2                                                                                                                                     | Carrizo Oil & Gas, Inc., 6.25%, 4/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 2,087,994    |
|   | 2,105,000                                        |             | CCC+/Caa1                                                                                                                                | Chaparral Energy, Inc., 7.625%, 11/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 694,650      |
|   | 1,110,000                                        |             | CCC/Caa2                                                                                                                                 | Comstock Resources, Inc., 7.75%, 4/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 233,100      |
|   | 1,250,000                                        |             | BB-/B1                                                                                                                                   | Denbury Resources, Inc., 4.625%, 7/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 834,375      |
|   | 1,125,000                                        |             | BB-/B1                                                                                                                                   | Denbury Resources, Inc., 5.5%, 5/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 787,500      |
|   | 1,965,000                                        |             | B/B1                                                                                                                                     | EP Energy LLC, 6.375%, 6/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 1,478,662    |
|   | 50,000                                           |             | CCC/Ca                                                                                                                                   | EPL Oil & Gas, Inc., 8.25%, 2/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 15,750       |
|   | 2,205,000                                        |             | B+/B2                                                                                                                                    | Gulfport Energy Corp., 7.75%, 11/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 2,182,950    |
|   | 1,155,000                                        |             | D/Caa3                                                                                                                                   | Halcon Resources Corp., 8.875%, 5/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 387,647      |
|   | 1,230,000                                        |             | D/Caa3                                                                                                                                   | Halcon Resources Corp., 9.75%, 7/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 418,200      |
|   | 1,025,000                                        |             | B-/Caa1                                                                                                                                  | Legacy Reserves LP, 6.625%, 12/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 676,500      |
|   | 2,100,000                                        |             | B-/B3                                                                                                                                    | Linn Energy LLC, 6.25%, 11/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 493,500      |
|   | 1,200,000                                        |             | B-/B3                                                                                                                                    | Linn Energy LLC, 6.5%, 9/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 264,000      |
|   | 130,000                                          |             | B-/B3                                                                                                                                    | Linn Energy LLC, 7.75%, 2/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 29,900       |
|   | 1,580,000                                        |             | B-/Caa1                                                                                                                                  | Memorial Production Partners LP, 6.875%, 8/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 995,400      |
|   | 740,000                                          |             | B-/Caa1                                                                                                                                  | Memorial Production Partners LP, 7.625%, 5/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 495,800      |
|   | 630,000                                          |             | B-/Caa1                                                                                                                                  | Memorial Resource Development Corp., 5.875%, 7/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 593,775      |
|   | 1,370,000                                        |             | BBB/Baa2                                                                                                                                 | Noble Energy, Inc., 5.875%, 6/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,379,969    |
|   | 680,000                                          |             | BBB/Baa2                                                                                                                                 | Noble Energy, Inc., 5.875%, 6/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 682,817      |
|   | 1,365,000                                        |             | NR/Caa1                                                                                                                                  | Northern Oil and Gas, Inc., 8.0%, 6/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,128,855    |
|   | 63,000                                           |             | B+/B2                                                                                                                                    | Oasis Petroleum, Inc., 6.875%, 3/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 53,708       |
|   | 1,070,000                                        |             | B-/Caa1                                                                                                                                  | Parsley Energy LLC, 7.5%, 2/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,078,025    |
|   | 200,000                                          |             | B+/B2                                                                                                                                    | PDC Energy, Inc., 7.75%, 10/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 201,000      |
|   | 200,000                                          |             | CCC/Caa2                                                                                                                                 | Penn Virginia Corp., 7.25%, 4/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 55,000       |
|   | 650,000                                          |             | CCC/Caa2                                                                                                                                 | Penn Virginia Corp., 8.5%, 5/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 188,500      |
|   | 785,000                                          |             | B-/B3                                                                                                                                    | Rice Energy Inc., 6.25%, 5/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 710,425      |
|   | 1,115,000                                        |             | B/NR                                                                                                                                     | RSP Permian, Inc., 6.625%, 10/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,103,850    |
|   | 2,330,000                                        |             | B-/B3                                                                                                                                    | Sanchez Energy Corp., 6.125%, 1/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 1,689,250    |
|   | 1,300,000                                        |             | BBB/Ba2                                                                                                                                  | SM Energy Co., 5.0%, 1/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,166,750    |
|   | 485,000                                          |             | BB/Ba2                                                                                                                                   | SM Energy Co., 5.625%, 6/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 441,350      |
|   | 1,195,000                                        |             | CCC/Caa2                                                                                                                                 | Swift Energy Co., 7.875%, 3/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 307,712      |
|   | 355,000                                          |             | CCC/Caa2                                                                                                                                 | Swift Energy Co., 8.875%, 1/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 85,200       |
|   | 1,300,000                                        |             | BB/Ba1                                                                                                                                   | WPX Energy, Inc., 7.5%, 8/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 1,215,500    |
|   | 2,055,000                                        |             | BB/Ba1                                                                                                                                   | WPX Energy, Inc., 8.25%, 8/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 1,931,700    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 28,050,614   |
|   |                                             |             |                                                                                                                                     | Oil & Gas Refining & Marketing - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   | 3,550,000                                        |             | B+/B2                                                                                                                                    | Calumet Specialty Products Partners LP, 6.5%, 4/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 3,301,500    |
|   | 170,000                                          |             | B+/B2                                                                                                                                    | Calumet Specialty Products Partners LP, 7.625%, 1/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 164,050      |
|   | 1,275,000                                        |             | B+/B2                                                                                                                                    | Calumet Specialty Products Partners LP, 7.75%, 4/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | 1,211,250 |
|   | 100,000                                          |             | BBB/Baa2                                                                                                                                 | Valero Energy Corp., 6.625%, 6/15/37                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 110,616      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,787,416    |
|   |                                             |             |                                                                                                                                     | Oil & Gas Storage & Transportation - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 3,135,000                                        |             | BB/B1                                                                                                                                    | Crestwood Midstream Partners LP, 6.125%, 3/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 2,696,100    |
|   | 300,000                                          | 5.85             | B+/B1                                                                                                                                    | DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 239,250      |
|   | 1,655,000                                        |             | B+/B2                                                                                                                                    | Global Partners LP, 6.25%, 7/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,522,600    |
|   | 2,070,000                                        |             | B+/B2                                                                                                                                    | Global Partners LP, 7.0%, 6/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 1,945,800    |
|   | 100,000                                          |             | BBB-/Baa3                                                                                                                                | Kinder Morgan Energy Partners LP, 5.0%, 8/15/42                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 78,696       |
|   | 650,000                                          |             | NR/Ba1                                                                                                                                   | ONEOK, Inc., 7.5%, 9/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 641,875      |
|   | 690,000                                          |             | B+/B3                                                                                                                                    | PBF Logistics LP, 6.875%, 5/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 641,700      |
|   | 690,000                                          |             | BB+/Ba3                                                                                                                                  | Sabine Pass Liquefaction LLC, 5.625%, 3/1/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 661,538      |
|   | 1,365,000                                        |             | BB+/Ba3                                                                                                                                  | Sabine Pass Liquefaction LLC, 5.75%, 5/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,317,225    |
|   | 325,000                                          |             | B/B2                                                                                                                                     | Summit Midstream Holdings LLC, 7.5%, 7/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 315,250      |
|   | 3,225,000                                        |             | BB/Ba3                                                                                                                                   | Sunoco LP, 6.375%, 4/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 3,249,188    |
|   | 1,000,000                                        |             | BB+/Ba2                                                                                                                                  | Targa Resources Partners LP, 4.125%, 11/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 930,000      |
|   | 1,750,000                                        |             | BB+/Ba2                                                                                                                                  | Targa Resources Partners LP, 6.75%, 3/15/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,721,562    |
|   | 3,000,000                                        |             | BB+/Baa3                                                                                                                                 | The Williams Companies, Inc., 7.5%, 1/15/31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 2,734,269    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 18,695,053   |
|   |                                             |             |                                                                                                                                     | Coal & Consumable Fuels - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 950,000                                          |             | D/NR                                                                                                                                     | Alpha Natural Resources, Inc., 6.0%, 6/1/19 (f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 30,875       |
|   |                                             |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 60,039,528   |
|   |                                             |             |                                                                                                                                     | Materials - 4.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Commodity Chemicals - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 2,145,000                                        |             | BB/Ba3                                                                                                                                   | Axiall Corp., 4.875%, 5/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 2,039,091    |
|   | 680,000                                          |             | CCC+/B3                                                                                                                                  | Hexion, Inc., 6.625%, 4/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 576,300      |
|   | 2,430,000                                        |             | CCC/Caa3                                                                                                                                 | Hexion, Inc., 9.0%, 11/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,287,900    |
|   | 950,000                                          |             | B+/B2                                                                                                                                    | Rain CII Carbon LLC, 8.0%, 12/1/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 827,089      |
|   | 2,375,000                                        |             | B+/B2                                                                                                                                    | Rain CII Carbon LLC, 8.25%, 1/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 1,983,125    |
|   | 2,500,000                                        |             | B+/B3                                                                                                                                    | Tronox Finance LLC, 6.375%, 8/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 1,780,500    |
|   | 2,535,000                                        |             | B+/B3                                                                                                                                    | Tronox Finance LLC, 7.5%, 3/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,793,512    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 10,287,517   |
|   |                                             |             |                                                                                                                                     | Diversified Chemicals - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 170,000                                          |             | NR/Ba1                                                                                                                                   | Blue Cube Spinco, Inc., 10.0%, 10/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 184,450      |
|   | 170,000                                          |             | NR/Ba1                                                                                                                                   | Blue Cube Spinco, Inc., 9.75%, 10/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 183,175      |
|   | 2,350,000                                        |             | BB-/Ba3                                                                                                                                  | WR Grace & Co-Conn, 5.625%, 10/1/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 2,426,375    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,794,000    |
|   |                                             |             |                                                                                                                                     | Specialty Chemicals - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 1,695,000                                        |             | B+/B3                                                                                                                                    | A Schulman, Inc., 6.875%, 6/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 1,682,288    |
|   | 1,875,000                                        |             | B-/B1                                                                                                                                    | Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,875,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,557,288    |
|   |                                             |             |                                                                                                                                     | Metal & Glass Containers - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 1,306,630                                        |             | CCC+/Caa2                                                                                                                                | Ardagh Finance Holdings SA, 8.625%, (0.00% Cash, 8.625% PIK) 6/15/19 (144A) (PIK)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $           | 1,368,695               |
|   | 1,000,000                                        |             | CCC+/Caa1                                                                                                                                | Ardagh Packaging Finance Plc, 6.75%, 1/31/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 1,025,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,393,695    |
|   |                                             |             |                                                                                                                                     | Paper Packaging - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 200,000                                          |             | B-/Caa2                                                                                                                                  | Coveris Holding Corp., 10.0%, 6/1/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 198,000      |
|   | 2,800,000                                        |             | B-/Caa2                                                                                                                                  | Coveris Holdings SA, 7.875%, 11/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 2,660,000    |
|   | 2,350,000                                        |             | BB/B1                                                                                                                                    | Sealed Air Corp., 6.875%, 7/15/33 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 2,397,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,255,000    |
|   |                                             |             |                                                                                                                                     | Aluminum - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 1,000,000                                        |             | B/B2                                                                                                                                     | Novelis, Inc., 8.375%, 12/15/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,007,500    |
|   |                                             |             |                                                                                                                                     | Diversified Metals & Mining - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 465,000                                          |             | B+/B2                                                                                                                                    | Ausdrill Finance Pty, Ltd., 6.875%, 11/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 335,962      |
|   | 3,785,000                                        |             | BB+/Ba1                                                                                                                                  | FMG Resources August 2006 Pty, Ltd., 9.75%, 3/1/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 3,766,075    |
|   | 50,000                                           |             | B-/Caa1                                                                                                                                  | Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 42,000       |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,144,037    |
|   |                                             |             |                                                                                                                                     | Gold - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 1,200,000                                        |             | B/B3                                                                                                                                     | IAMGOLD Corp., 6.75%, 10/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 906,000      |
|   |                                             |             |                                                                                                                                     | Steel - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 950,000                                          |             | BB-/Ba2                                                                                                                                  | Cliffs Natural Resources, Inc., 8.25%, 3/31/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 850,250      |
|   | 745,000                                          |             | BB+/Ba2                                                                                                                                  | Commercial Metals Co., 4.875%, 5/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 659,325      |
|   | 1,350,000                                        |             | B-/Caa1                                                                                                                                  | JMC Steel Group, Inc., 8.25%, 3/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 918,000      |
|   | 1,095,000                                        |             | BB-/B1                                                                                                                                   | SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 908,850      |
|   | 665,000                                          |             | BB-/B1                                                                                                                                   | SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 551,950      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,888,375    |
|   |                                             |             |                                                                                                                                     | Forest Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 1,460,000                                        |             | B-/B3                                                                                                                                    | Millar Western Forest Products, Ltd., 8.5%, 4/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 934,400      |
|   |                                             |             |                                                                                                                                     | Paper Products - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 435,000                                          |             | CCC+/B3                                                                                                                                  | Appvion, Inc., 9.0%, 6/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 176,175      |
|   | 515,000                                          |             | BB/Ba3                                                                                                                                   | Rayonier AM Products, Inc., 5.5%, 6/1/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 406,850      |
|   | 2,155,000                                        |             | BB-/Ba3                                                                                                                                  | Resolute Forest Products, Inc., 5.875%, 5/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 1,605,475    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,188,500    |
|   |                                             |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 37,356,312   |
|   |                                             |             |                                                                                                                                     | Capital Goods - 2.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Aerospace & Defense - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 2,280,000                                        |             | BB/B1                                                                                                                                    | DigitalGlobe, Inc., 5.25%, 2/1/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 2,051,042    |
|   | 1,885,000                                        |             | CC/Caa3                                                                                                                                  | DynCorp International, Inc., 10.375%, 7/1/17                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,489,150    |
|   | 1,615,000                                        |             | B/Caa1                                                                                                                                   | LMI Aerospace, Inc., 7.375%, 7/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 1,586,738    |
|   | 550,000                                          |             | B+/Ba3                                                                                                                                   | Triumph Group, Inc., 5.25%, 6/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 494,312      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,621,242    |
|   |                                             |             |                                                                                                                                     | Building Products - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 1,755,000                                        |             | BB-/B1                                                                                                                                   | Griffon Corp., 5.25%, 3/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 1,724,288    |
|   |                                             |             |                                                                                                                                     | Construction & Engineering - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 1,685,000                                        |             | BB-/Ba3                                                                                                                                  | MasTec, Inc., 4.875%, 3/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 1,411,188    |
|   |                                             |             |                                                                                                                                     | Electrical Components & Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 1,210,000                                        |             | BB+/Ba2                                                                                                                                  | EnerSys, 5.0%, 4/30/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 1,228,150    |
|   | 2,090,000                                        |             | B/B3                                                                                                                                     | General Cable Corp., 5.75%, 10/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 1,802,625    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,030,775    |
|   |                                             |             |                                                                                                                                     | Industrial Conglomerates - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 225,000                                          |             | B+/B2                                                                                                                                    | JB Poindexter & Co., Inc., 9.0%, 4/1/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 237,938      |
|   | 2,505,000                                        |             | B/B2                                                                                                                                     | Waterjet Holdings, Inc., 7.625%, 2/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 2,523,788    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,761,726    |
|   |                                             |             |                                                                                                                                     | Construction & Farm Machinery & Heavy Trucks - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 330,000                                          |             | B/B2                                                                                                                                     | Commercial Vehicle Group, Inc., 7.875%, 4/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 334,950      |
|   | 1,315,000                                        |             | B/B2                                                                                                                                     | Meritor, Inc., 6.25%, 2/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 1,255,825    |
|   | 555,000                                          |             | B/B3                                                                                                                                     | Titan International, Inc., 6.875%, 10/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 468,975      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,059,750    |
|   |                                             |             |                                                                                                                                     | Industrial Machinery - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 2,250,000                                        |             | B-/Caa1                                                                                                                                  | Apex Tool Group LLC, 7.0%, 2/1/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,811,250    |
|   | 1,270,000                                        |             | BB-/B1                                                                                                                                   | EnPro Industries, Inc., 5.875%, 9/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 1,279,525    |
|   | 66,080                                           |             | NR/NR                                                                                                                                    | Liberty Tire Recycling LLC, 11.0%, 3/31/21 (0.0% cash, 11.0% PIK) (144A) (PIK) (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 42,291      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,133,066    |
|   |                                             |             |                                                                                                                                     | Trading Companies & Distributors - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 2,200,000                                        |             | BB-/B3                                                                                                                                   | H&E Equipment Services, Inc., 7.0%, 9/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 2,233,000    |
|   | 50,000                                           |             | B-/B3                                                                                                                                    | TRAC Intermodal LLC, 11.0%, 8/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 54,250       |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,287,250    |
|   |                                             |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 22,029,285   |
|   |                                             |             |                                                                                                                                     | Commercial Services & Supplies - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Commercial Printing - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 3,455,000                                        |             | B/B3                                                                                                                                     | Cenveo Corp., 6.0%, 8/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 3,031,762    |
|   |                                             |             |                                                                                                                                     | Environmental & Facilities Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 500,000                                          |             | B+/B3                                                                                                                                    | Safway Group Holding LLC, 7.0%, 5/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 513,750      |
|   |                                             |             |                                                                                                                                     | Diversified Support Services - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 2,580,000                                        |             | B+/Caa2                                                                                                                                  | NANA Development Corp., 9.5%, 3/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 2,373,600    |
|   | 2,005,000                                        |             | B-/B3                                                                                                                                    | TMS International Corp., 7.625%, 10/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 1,834,575    |
|   | 635,000                                          |             | B+/Ba3                                                                                                                                   | Transfield Services, Ltd., 8.375%, 5/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 647,700      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,855,875    |
|   |                                             |             |                                                                                                                                     | Research & Consulting Services - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 2,065,000                                        |             | BB-/Ba3                                                                                                                                  | CEB, Inc., 5.625%, 6/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 2,098,556    |
|   |                                             |             |                                                                                                                                     | Total Commercial Services & Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 10,499,943   |
|   |                                             |             |                                                                                                                                     | Transportation - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Air Freight & Logistics - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 1,375,000                                        |             | B-/B2                                                                                                                                    | XPO Logistics, Inc., 7.875%, 9/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 1,383,594    |
|   |                                             |             |                                                                                                                                     | Airlines - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 1,960,000                                        |             | B-/NR                                                                                                                                    | Gol LuxCo SA, 8.875%, 1/24/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 987,350      |
|   | 2,960,000                                        |             | NR/NR                                                                                                                                    | Intrepid Aviation Group Holdings LLC, 6.875%, 2/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | 2,571,500 |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,558,850    |
|   |                                             |             |                                                                                                                                     | Railroads - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   | 1,015,000                                        |             | B/B3                                                                                                                                     | Florida East Coast Holdings Corp., 6.75%, 5/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 1,022,359    |
|   | 1,330,000                                        |             | CCC/Caa3                                                                                                                                 | Florida East Coast Holdings Corp., 9.75%, 5/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 1,210,300    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,232,659    |
|   |                                             |             |                                                                                                                                     | Trucking - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 1,485,000                                        |             | CCC+/B3                                                                                                                                  | Jack Cooper Holdings Corp., 9.25%, 6/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 1,347,638    |
|   |                                             |             |                                                                                                                                     | Airport Services - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 129,360                                          |             | CCC-/Caa1                                                                                                                                | Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 133,551      |
|   |                                             |             |                                                                                                                                     | Total Transportation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 8,656,292    |
|   |                                             |             |                                                                                                                                     | Automobiles & Components - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Auto Parts & Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 2,675,000                                        |             | NR/B2                                                                                                                                    | Stackpole International Intermediate, 7.75%, 10/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 2,996,000    |
|   |                                             |             |                                                                                                                                     | Total Automobiles & Components                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 2,996,000    |
|   |                                             |             |                                                                                                                                     | Consumer Durables & Apparel - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Home Furnishings - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,795,000                                        |             | BB-/B1                                                                                                                                   | Tempur Sealy International, Inc., 5.625%, 10/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 1,880,262    |
|   |                                             |             |                                                                                                                                     | Homebuilding - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 205,000                                          |             | BB/Ba2                                                                                                                                   | CalAtlantic Group, Inc., 5.375%, 10/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 209,100      |
|   | 4,305,000                                        |             | B/B2                                                                                                                                     | KB Home, 7.625%, 5/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 4,369,575    |
|   | 50,000                                           |             | B/B2                                                                                                                                     | KB Home, Inc., 8.0%, 3/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 54,375       |
|   | 950,000                                          |             | B/B2                                                                                                                                     | Rialto Holdings LLC, 7.0%, 12/1/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 973,750      |
|   | 1,840,000                                        |             | BB-/B2                                                                                                                                   | Taylor Morrison Communities, Inc., 5.875%, 4/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,863,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 7,469,800    |
|   |                                             |             |                                                                                                                                     | Textiles - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 2,445,000                                        |             | B/B2                                                                                                                                     | Springs Industries, Inc., 6.25%, 6/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 2,432,775    |
|   |                                             |             |                                                                                                                                     | Total Consumer Durables & Apparel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 11,782,837   |
|   |                                             |             |                                                                                                                                     | Consumer Services - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Casinos & Gaming - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 2,835,000                                        |             | B+/B3                                                                                                                                    | MGM Resorts International, 6.0%, 3/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 2,877,525    |
|   | 4,100,000                                        |             | B/Caa1                                                                                                                                   | Scientific Games International, Inc., 10.0%, 12/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 3,628,500    |
|   | 3,125,000                                        |             | B-/Caa1                                                                                                                                  | Scientific Games International, Inc., 6.25%, 9/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      | 2,171,875    |
|   | 580,000                                          |             | B+/Ba2                                                                                                                                   | Wynn Macau Ltd., 5.25%, 10/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 530,700      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 9,208,600    |
|   |                                             |             |                                                                                                                                     | Hotels, Resorts & Cruise Lines - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 1,785,000                                        |             | BB-/Ba3                                                                                                                                  | Sabre GLBL, Inc., 5.375%, 4/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,811,775    |
|   |                                             |             |                                                                                                                                     | Specialized Consumer Services - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 4,390,000                                        |             | B/B3                                                                                                                                     | Constellis Holdings LLC, 9.75%, 5/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 3,972,950    |
|   | 2,635,000                                        |             | BB-/Ba3                                                                                                                                  | Sotheby's, 5.25%, 10/1/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 2,555,950    |
|   | 855,000                                          |             | B-/B3                                                                                                                                    | StoneMor Partners LP, 7.875%, 6/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 884,925      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 7,413,825    |
|   |                                             |             |                                                                                                                                     | Total Consumer Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 18,434,200   |
|   |                                             |             |                                                                                                                                     | Media - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Advertising - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 750,000                                          |             | B+/B3                                                                                                                                    | MDC Partners, Inc., 6.75%, 4/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 763,125      |
|   |                                             |             |                                                                                                                                     | Broadcasting - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 473,000                                          |             | BB-/B1                                                                                                                                   | CCO Holdings LLC, 5.25%, 9/30/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 479,105      |
|   | 1,060,000                                        |             | B+/B2                                                                                                                                    | Univision Communications, Inc., 5.125%, 2/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 1,041,450    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 1,520,555    |
|   |                                             |             |                                                                                                                                     | Cable & Satellite - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 1,440,000                                        |             | BB-/B1                                                                                                                                   | CCO Holdings LLC, 5.75%, 9/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,479,600    |
|   | 1,720,000                                        |             | BB-/Ba3                                                                                                                                  | DISH DBS Corp., 5.875%, 11/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 1,645,180    |
|   | 1,220,000                                        |             | NR/Ba1                                                                                                                                   | Neptune Finco Corp., 6.625%, 10/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,284,050    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,408,830    |
|   |                                             |             |                                                                                                                                     | Movies & Entertainment - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 2,000,000                                        |             | B-/B3                                                                                                                                    | Regal Entertainment Group, Inc., 5.75%, 2/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 1,965,000    |
|   | 2,650,000                                        |             | CCC/Caa3                                                                                                                                 | SFX Entertainment, Inc., 9.625%, 2/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 1,855,000    |
|   | 1,625,000                                        |             | B-/Caa1                                                                                                                                  | WMG Acquisition Corp., 6.75%, 4/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,504,149    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,324,149    |
|   |                                             |             |                                                                                                                                     | Publishing - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 1,505,000                                        |             | BB+/Ba1                                                                                                                                  | Gannett Co., Inc., 6.375%, 10/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 1,625,400    |
|   | 1,000,000                                        |             | B/B1                                                                                                                                     | MPL 2 Acquisition Canco, Inc., 9.875%, 8/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 1,050,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,675,400    |
|   |                                             |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 14,692,059   |
|   |                                             |             |                                                                                                                                     | Retailing - 1.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Department Stores - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 1,645,000                                        |             | B+/Ba3                                                                                                                                   | Dollar Tree, Inc., 5.75%, 3/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 1,733,419    |
|   |                                             |             |                                                                                                                                     | Computer & Electronics Retail - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 1,985,000                                        |             | B+/B1                                                                                                                                    | Rent-A-Center, Inc., 4.75%, 5/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 1,627,700    |
|   |                                             |             |                                                                                                                                     | Specialty Stores - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,550,000                                        |             | B-/B3                                                                                                                                    | Argos Merger Sub, Inc., 7.125%, 3/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 1,631,375    |
|   | 4,150,000                                        |             | BB-/NR                                                                                                                                   | Outerwall, Inc., 5.875%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 3,828,375    |
|   | 460,000                                          |             | CCC+/Caa1                                                                                                                                | Petco Holdings, Inc., 8.5%, 10/15/17 (8.50% Cash, 9.25% PIK) (144A) (PIK)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        | 468,050                 |
|   | 250,000                                          |             | B/B3                                                                                                                                     | Radio Systems Corp., 8.375%, 11/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 265,312      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 6,193,112    |
|   |                                             |             |                                                                                                                                     | Automotive Retail - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 4,130,000                                        |             | B/B3                                                                                                                                     | DriveTime Automotive Group, Inc., 8.0%, 6/1/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 3,840,900    |
|   |                                             |             |                                                                                                                                     | Total Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 13,395,131   |
|   |                                             |             |                                                                                                                                     | Food & Staples Retailing - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Food Distributors - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 685,000                                          |             | B-/B3                                                                                                                                    | KeHE Distributors LLC, 7.625%, 8/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 722,675      |
|   |                                             |             |                                                                                                                                     | Food Retail - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 2,825,000                                        |             | NR/B3                                                                                                                                    | Tops Holding LLC, 8.0%, 6/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 2,923,875    |
|   |                                             |             |                                                                                                                                     | Total Food & Staples Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 3,646,550    |
|   |                                             |             |                                                                                                                                     | Food, Beverage & Tobacco - 1.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Agricultural Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 455,000                                          |             | BB+/Ba3                                                                                                                                  | Darling Ingredients, Inc., 5.375%, 1/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 451,588      |
|   | 270,000                                          |             | B-/Caa1                                                                                                                                  | Southern States Cooperative, Inc., 10.0%, 8/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 234,900      |
|   | 550,000                                          |             | CCC-/NR                                                                                                                                  | Tonon Luxembourg SA, 10.5%, 5/14/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 363,000      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 1,049,488    |
|   |                                             |             |                                                                                                                                     | Packaged Foods & Meats - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 214,000                                          |             | NR/Ba3                                                                                                                                   | Chiquita Brands International, Inc., 7.875%, 2/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 227,108      |
|   | 1,710,000                                        |             | CCC+/B3                                                                                                                                  | Dole Food Co., Inc., 7.25%, 5/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 1,715,985    |
|   | 125,000                                          |             | B/B3                                                                                                                                     | FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 130,312      |
|   | 1,800,000                                        |             | BB+/NR                                                                                                                                   | JBS Investment Management GmbH,, 7.25%, 4/3/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 1,849,500    |
|   | 325,000                                          |             | BB+/NR                                                                                                                                   | JBS Investments GmbH, 7.75%, 10/28/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 346,288      |
|   | 1,350,000                                        |             | BB+/B2                                                                                                                                   | Pilgrim's Pride Corp., 5.75%, 3/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,380,375    |
|   | 1,775,000                                        |             | B/B3                                                                                                                                     | Post Holdings, Inc., 6.0%, 12/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 1,783,875    |
|   | 3,375,000                                        |             | B/B3                                                                                                                                     | Post Holdings, Inc., 6.75%, 12/1/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 3,493,125    |
|   | 800,000                                          |             | B/B3                                                                                                                                     | Post Holdings, Inc., 7.75%, 3/15/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 852,000      |
|   | 510,000                                          |             | B/B3                                                                                                                                     | Post Holdings, Inc., 8.0%, 7/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 553,350      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 12,331,918   |
|   |                                             |             |                                                                                                                                     | Tobacco - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 3,300,000                                        |             | CCC/Caa2                                                                                                                                 | Alliance One International, Inc., 9.875%, 7/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 2,842,125    |
|   |                                             |             |                                                                                                                                     | Total Food, Beverage & Tobacco                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 16,223,531   |
|   |                                             |             |                                                                                                                                     | Household & Personal Products - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Household Products - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 1,205,000                                        |             | BB/Ba3                                                                                                                                   | Energizer Holdings, Inc., 5.5%, 6/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | 1,229,100    |
|   |                                             |             |                                                                                                                                     | Personal Products - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 1,555,256                                        |             | CCC+/Caa1                                                                                                                                | Monitronics International, Inc., 9.125%, 4/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,353,073    |
|   | 2,400,000                                        |             | B/B2                                                                                                                                     | Revlon Consumer Products Corp., 5.75%, 2/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 2,430,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,783,073    |
|   |                                             |             |                                                                                                                                     | Total Household & Personal Products                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 5,012,173    |
|   |                                             |             |                                                                                                                                     | Health Care Equipment & Services - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Health Care Supplies - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 1,345,000                                        |             | CCC+/Caa1                                                                                                                                | Sterigenics-Nordion Holdings LLC, 6.5%, 5/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 1,353,406    |
|   |                                             |             |                                                                                                                                     | Health Care Services - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 1,555,000                                        |             | CCC-/Caa2                                                                                                                                | BioScrip, Inc., 8.875%, 2/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 1,201,238    |
|   | 1,210,000                                        |             | B-/B3                                                                                                                                    | ExamWorks Group, Inc., 5.625%, 4/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 1,258,400    |
|   | 80,000                                           |             | CCC+/Caa2                                                                                                                                | Truven Health Analytics, Inc., 10.625%, 6/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 83,800       |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,543,438    |
|   |                                             |             |                                                                                                                                     | Health Care Facilities - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   | 2,540,000                                        |             | B-/B3                                                                                                                                    | CHS, 6.875%, 2/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 2,559,050    |
|   | 1,065,000                                        |             | B-/B3                                                                                                                                    | CHS, Inc., 8.0%, 11/15/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 1,107,600    |
|   | 1,820,000                                        |             | B+/B1                                                                                                                                    | HealthSouth Corp., 5.75%, 9/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,812,038    |
|   | 3,175,000                                        |             | B-/B2                                                                                                                                    | Kindred Healthcare Inc., 6.375%, 4/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 3,000,375    |
|   | 430,000                                          |             | B-/B2                                                                                                                                    | Kindred Healthcare Inc., 8.0%, 1/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 430,000      |
|   | 2,085,000                                        |             | B-/B3                                                                                                                                    | Universal Hospital Services, Inc., 7.625%, 8/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,988,569    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 10,897,632   |
|   |                                             |             |                                                                                                                                     | Health Care Technology - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 100,000                                          |             | B/B3                                                                                                                                     | MedAssets, Inc., 8.0%, 11/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 101,875      |
|   |                                             |             |                                                                                                                                     | Total Health Care Equipment & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 14,896,351   |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals - 1.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 1,255,000                                        |             | B/B1                                                                                                                                     | Endo Finance LLC, 5.375%, 1/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 1,230,778    |
|   | 1,260,000                                        |             | B/B1                                                                                                                                     | Endo Finance LLC, 5.75%, 1/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 1,231,650    |
|   | 2,885,000                                        |             | B/NR                                                                                                                                     | Endo, Ltd., 6.0%, 7/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 2,885,000    |
|   | 3,000,000                                        |             | BB-/B1                                                                                                                                   | Mallinckrodt International Finance SA, 5.5%, 4/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 2,729,070    |
|   | 1,540,000                                        |             | B-/B1                                                                                                                                    | Valeant Pharmaceuticals International, Inc., 5.875%, 5/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | 1,296,488 |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 9,372,986    |
|   |                                             |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 9,372,986    |
|   |                                             |             |                                                                                                                                     | Banks - 1.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified Banks - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 1,675,000                                        | 6.50             | BB+/Ba2                                                                                                                                  | Bank of America Corp., Floating Rate Note, 10/23/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 1,750,392    |
|   | 1,950,000                                        | 6.25             | BB+/Ba2                                                                                                                                  | Bank of America Corp., Floating Rate Note, 9/29/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 1,977,398    |
|   | 2,100,000                                        | 5.88             | BBB/Baa2                                                                                                                                 | Wells Fargo & Company, Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 2,221,170    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,948,960    |
|   |                                             |             |                                                                                                                                     | Thrifts & Mortgage Finance - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 4,125,000                                        |             | B/Ba3                                                                                                                                    | Provident Funding Associates LP, 6.75%, 6/15/21 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 3,960,000    |
|   |                                             |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 9,908,960    |
|   |                                             |             |                                                                                                                                     | Diversified Financials - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Other Diversified Financial Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 540,000                                          | 6.75             | BBB-/Baa3                                                                                                                                | JPMorgan Chase & Co., Floating Rate Note, 8/29/49                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 585,900      |
|   |                                             |             |                                                                                                                                     | Specialized Finance - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 100,000                                          |             | BBB-/NR                                                                                                                                  | Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 109,356      |
|   | 1,195,000                                        |             | BB+/Ba2                                                                                                                                  | MSCI, Inc., 5.75%, 8/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 1,260,128    |
|   | 1,995,000                                        |             | B+/B2                                                                                                                                    | Nationstar Mortgage LLC, 6.5%, 6/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 1,795,500    |
|   | 1,915,000                                        |             | B+/B2                                                                                                                                    | Nationstar Mortgage LLC, 6.5%, 7/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 1,752,225    |
|   | 455,000                                          |             | B+/B2                                                                                                                                    | Nationstar Mortgage LLC, 6.5%, 8/1/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 446,469      |
|   | 450,000                                          |             | B/B1                                                                                                                                     | Oxford Finance LLC, 7.25%, 1/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 461,250      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,824,928    |
|   |                                             |             |                                                                                                                                     | Consumer Finance - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,290,000                                        |             | B/B3                                                                                                                                     | TMX Finance LLC, 8.5%, 9/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 1,012,650    |
|   |                                             |             |                                                                                                                                     | Asset Management & Custody Banks - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 400,000                                          | 4.50             | BBB/Baa1                                                                                                                                 | The Bank of New York Mellon Corp., Floating Rate Note (Perpetual)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    | $         | 372,000   |
|   |                                             |             |                                                                                                                                     | Diversified Capital Markets - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 2,710,000                                        |             | BB/Ba2                                                                                                                                   | Quicken Loans, Inc., 5.75%, 5/1/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 2,689,675    |
|   |                                             |             |                                                                                                                                     | Total Diversified Financials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 10,485,153   |
|   |                                             |             |                                                                                                                                     | Insurance - 2.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Life & Health Insurance - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 300,000                                          | 5.65             | BB+/Baa3                                                                                                                                 | Voya Financial, Inc., Floating Rate Note, 5/15/53                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 303,750      |
|   |                                             |             |                                                                                                                                     | Reinsurance - 2.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   | 187,586                                          |             | NR/NR                                                                                                                                    | Altair Re, Variable Rate Notes, 6/30/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 13,262       |
|   | 1,000,000                                        |             | NR/NR                                                                                                                                    | Arlington Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 8/31/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        | 1,034,000               |
|   | 250,000                                          | 4.37             | BB+/NR                                                                                                                                   | Blue Danube II, Ltd., Floating Rate Note, 5/23/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | 248,725   |
|   | 250,000                                          | 5.25             | BB-/NR                                                                                                                                   | Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 252,350      |
|   | 500,000                                          | 6.86             | NR/NR                                                                                                                                    | Caelus Re, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 516,050      |
|   | 700,000                                          |             | NR/NR                                                                                                                                    | Carnoustie Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 2/19/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        | 767,410                 |
|   | 800,000                                          |             | NR/NR                                                                                                                                    | Clarendon Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 6/15/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        | 793,200                 |
|   | 500,000                                          | 0.00             | NR/NR                                                                                                                                    | Compass Re II, Ltd., Floating Rate Note, 12/8/15 (Cat Bond)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 498,100      |
|   | 1,141,875                                        |             | NR/NR                                                                                                                                    | Exeter Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/7/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        | 1,242,132               |
|   | 550,000                                          | 2.20             | BB+/NR                                                                                                                                   | Golden State Re II, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | 547,305   |
|   | 1,300,000                                        |             | NR/NR                                                                                                                                    | Gullane Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/22/17 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        | 1,436,240               |
|   | 420,500                                          |             | NR/NR                                                                                                                                    | Hereford Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/7/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        | 496,905                 |
|   | 700,000                                          | 3.76             | BB-/NR                                                                                                                                   | Kilimanjaro Re, Ltd., Floating Rate Note, 11/25/19 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | 693,770   |
|   | 1,000,000                                        |             | NR/NR                                                                                                                                    | Lorenz Re, Ltd., Variable Rate Notes, 3/31/18 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 1,068,900    |
|   | 800,400                                          |             | NR/NR                                                                                                                                    | Muirfield Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/12/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        | 896,128                 |
|   | 500,000                                          | 8.73             | B+/NR                                                                                                                                    | Mythen Re, Ltd., Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 516,300     |
|   | 250,000                                          | 11.88            | B-/NR                                                                                                                                    | Mythen Re, Ltd., Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 258,425     |
|   | 1,200,000                                        |             | NR/NR                                                                                                                                    | Pangaea Re, Series 2015-1, Principal at Risk Notes, 2/1/19 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 1,368,600    |
|   | 2,000,000                                        |             | NR/NR                                                                                                                                    | Pangaea Re, Series 2015-2, Principal at Risk Notes, 11/30/19 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | 2,074,800 |
|   | 1,050,000                                        |             | NR/NR                                                                                                                                    | Pangaea Re., Variable Rate Notes, 7/1/18 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 18,900       |
|   | 500,000                                          | 8.60             | B/NR                                                                                                                                     | Queen Street VII Re, Ltd., Floating Rate Note, 4/8/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    | 501,100   |
|   | 500,000                                          | 4.54             | BB+/NR                                                                                                                                   | Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        | 506,450                 |
|   | 600,000                                          | 5.78             | BB/NR                                                                                                                                    | Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        | 615,000                 |
|   | 250,000                                          | 10.03            | BB-/NR                                                                                                                                   | Residential Reinsurance 2012, Ltd., Floating Rate Note, 6/6/16 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        | 261,100                 |
|   | 500,000                                          | 3.01             | BB+/NR                                                                                                                                   | Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | 491,450   |
|   | 250,000                                          | 4.00             | BB/NR                                                                                                                                    | Sanders Re, Ltd., Floating Rate Note, 5/5/17 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | 251,325   |
|   | 800,000                                          |             | NR/NR                                                                                                                                    | Sector Re V, Ltd., Variable Rate Notes, 3/1/20 (144A) (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | 843,920      |
|   | 700,000                                          |             | NR/NR                                                                                                                                    | Silverton Re, Ltd., Variable Rate Notes, 9/18/17 (144A) (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 811,580      |
|   | 250,000                                          | 16.32            | NR/NR                                                                                                                                    | Successor X, Ltd., Floating Rate Note, 11/10/15 (Cat Bond) (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | 250,325   |
|   | 825,900                                          |             | NR/NR                                                                                                                                    | Troon Segregated Account (Kane SAC Ltd.), Variable Rate Notes, 1/12/16 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        | 897,093                 |
|   | 800,000                                          |             | NR/NR                                                                                                                                    | Versutus Ltd., Series 2015-A, Variable Rate Notes, 12/31/2017 (g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | 927,840   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 21,098,685   |
|   |                                             |             |                                                                                                                                     | Total Insurance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 21,402,435   |
|   |                                             |             |                                                                                                                                     | Real Estate - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified REIT - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,130,000                                        |             | BBB-/Ba1                                                                                                                                 | MPT Operating Partnership LP, 5.5%, 5/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 1,152,600    |
|   |                                             |             |                                                                                                                                     | Specialized REIT - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,038,146                                        |             | NR/NR                                                                                                                                    | AAF Holdings LLC, 12.0%, 7/1/19 (144A) (12.0% cash, 0.0% PIK) (PIK)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        | $                       | 1,087,458 |
|   | 2,500,000                                        |             | BB/B1                                                                                                                                    | Communications Sales & Leasing, Inc., 6.0%, 4/15/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 2,431,250    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,518,708    |
|   |                                             |             |                                                                                                                                     | Diversified Real Estate Activities - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 1,260,000                                        |             | B+/B1                                                                                                                                    | Alam Synergy Pte, Ltd., 9.0%, 1/29/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 1,209,600    |
|   |                                             |             |                                                                                                                                     | Real Estate Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 1,210,000                                        |             | BB-/B2                                                                                                                                   | Kennedy-Wilson, Inc., 5.875%, 4/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 1,199,412    |
|   |                                             |             |                                                                                                                                     | Total Real Estate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 7,080,320    |
|   |                                             |             |                                                                                                                                     | Software & Services - 0.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Internet Software & Services - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 1,245,000                                        |             | B+/B2                                                                                                                                    | Bankrate, Inc., 6.125%, 8/15/18 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 1,249,669    |
|   | 1,000,000                                        |             | B/Ba3                                                                                                                                    | Cimpress NV, 7.0%, 4/1/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 1,007,500    |
|   | 325,000                                          |             | BB/Ba3                                                                                                                                   | j2 Global, Inc., 8.0%, 8/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 345,719      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,602,888    |
|   |                                             |             |                                                                                                                                     | Data Processing & Outsourced Services - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   | 1,700,000                                        |             | BB-/B1                                                                                                                                   | Audatex North America, Inc., 6.125%, 11/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 1,710,625    |
|   | 130,000                                          |             | B-/Caa1                                                                                                                                  | First Data Corp., 11.75%, 8/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 148,200      |
|   | 1,340,000                                        |             | B/Caa1                                                                                                                                   | First Data Corp., 7.0%, 12/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 1,363,450    |
|   | 2,650,000                                        |             | B+/B2                                                                                                                                    | NeuStar, Inc., 4.5%, 1/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 2,279,000    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,501,275    |
|   |                                             |             |                                                                                                                                     | Total Software & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 8,104,163    |
|   |                                             |             |                                                                                                                                     | Technology Hardware & Equipment - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Communications Equipment - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
|   | 570,000                                          |             | B/B3                                                                                                                                     | CommScope Holding Co., Inc., 6.625%, 6/1/20 (6.625% Cash, 7.375% PIK) (144A) (PIK)                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | $           | 592,800                 |
|   | 1,190,000                                        |             | NR/NR                                                                                                                                    | CommScope Technologies Finance LLC, 6.0%, 6/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,207,850    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 1,800,650    |
|   |                                             |             |                                                                                                                                     | Computer Hardware Storage & Perhipherals - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   | 1,700,000                                        |             | BB/Ba3                                                                                                                                   | NCR Corp., 6.375%, 12/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 1,751,000    |
|   |                                             |             |                                                                                                                                     | Electronic Equipment Manufacturers - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 1,150,000                                        |             | B+/B2                                                                                                                                    | Zebra Technologies Corp., 7.25%, 10/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 1,254,938    |
|   |                                             |             |                                                                                                                                     | Total Technology Hardware & Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 4,806,588    |
|   |                                             |             |                                                                                                                                     | Semiconductors & Semiconductor Equipment - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Semiconductor Equipment - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | 2,100,000                                        |             | BB-/B3                                                                                                                                   | Entegris, Inc., 6.0%, 4/1/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 2,163,000    |
|   |                                             |             |                                                                                                                                     | Semiconductors - 0.4%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 395,000                                          |             | CCC/Caa2                                                                                                                                 | Advanced Micro Devices, Inc., 6.75%, 3/1/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 304,150      |
|   | 2,600,000                                        |             | CCC/Caa2                                                                                                                                 | Advanced Micro Devices, Inc., 7.0%, 7/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 1,820,000    |
|   | 835,000                                          |             | CCC/Caa2                                                                                                                                 | Advanced Micro Devices, Inc., 7.5%, 8/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      | 605,375      |
|   | 1,225,000                                        |             | BB/Ba3                                                                                                                                   | Micron Technology, Inc., 5.5%, 2/1/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 1,166,812    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 3,896,337    |
|   |                                             |             |                                                                                                                                     | Total Semiconductors & Semiconductor Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 6,059,337    |
|   |                                             |             |                                                                                                                                     | Telecommunication Services - 3.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Integrated Telecommunication Services - 2.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 700,000                                          |             | BB/Ba2                                                                                                                                   | CenturyLink, Inc., 6.45%, 6/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 705,250      |
|   | 1,325,000                                        |             | BB/Ba2                                                                                                                                   | CenturyLink, Inc., 6.75%, 12/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 1,314,930    |
|   | 450,000                                          |             | BB/Ba2                                                                                                                                   | CenturyLink, Inc., 7.6%, 9/15/39                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 384,750      |
|   | 1,000,000                                        |             | B/B3                                                                                                                                     | Cincinnati Bell, Inc., 8.375%, 10/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 1,042,500    |
|   | 1,920,000                                        |             | BB-/Ba3                                                                                                                                  | Frontier Communications Corp., 11.0%, 9/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 2,012,390    |
|   | 4,200,000                                        |             | BB-/Ba3                                                                                                                                  | Frontier Communications Corp., 7.125%, 1/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 3,748,500    |
|   | 157,000                                          |             | BB-/Ba3                                                                                                                                  | Frontier Communications Corp., 8.5%, 4/15/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 161,710      |
|   | 160,000                                          |             | BB-/Ba3                                                                                                                                  | Frontier Communications Corp., 8.75%, 4/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 154,000      |
|   | 800,000                                          |             | BB-/Ba3                                                                                                                                  | Frontier Communications Corp., 9.25%, 7/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 813,000      |
|   | 1,200,000                                        |             | BB-/B3                                                                                                                                   | GCI, Inc., 6.75%, 6/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,242,000    |
|   | 3,000,000                                        |             | BB-/B3                                                                                                                                   | GCI, Inc., 6.875%, 4/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 3,090,000    |
|   | 770,000                                          |             | BB-/B2                                                                                                                                   | Windstream Corp., 7.5%, 6/1/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 640,062      |
|   | 2,680,000                                        |             | BB-/B2                                                                                                                                   | Windstream Services LLC, 6.375%, 8/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 2,123,900    |
|   | 590,000                                          |             | BB-/B2                                                                                                                                   | Windstream Services LLC, 7.75%, 10/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      | 507,400      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 17,940,392   |
|   |                                             |             |                                                                                                                                     | Wireless Telecommunication Services - 1.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   | 200,000                                          |             | B-/B3                                                                                                                                    | Altice Finco SA, 8.125%, 1/15/24 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 199,000      |
|   | 6,555,000                                        |             | B+/Caa1                                                                                                                                  | Sprint Corp., 7.125%, 6/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 5,756,109    |
|   | 2,000,000                                        |             | B+/Caa1                                                                                                                                  | Sprint Corp., 7.25%, 9/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,837,500    |
|   | 3,000,000                                        |             | BB/Ba3                                                                                                                                   | T-Mobile USA, Inc., 6.625%, 4/1/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 3,064,680    |
|   | 100,000                                          |             | NR/NR                                                                                                                                    | Unison Ground Lease Funding LLC, 5.78%, 3/16/43 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 98,872       |
|   | 100,000                                          |             | NR/NR                                                                                                                                    | WCP Issuer llc, 6.657%, 8/15/20 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 103,217      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 11,059,378   |
|   |                                             |             |                                                                                                                                     | Total Telecommunication Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | $         | 28,999,770   |
|   |                                             |             |                                                                                                                                     | Utilities - 2.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Electric Utilities - 0.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 865,000                                          |             | BB-/B3                                                                                                                                   | ContourGlobal Power Holdings SA, 7.125%, 6/1/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 862,838      |
|   | 2,765,000                                        |             | B+/Ba3                                                                                                                                   | Talen Energy Supply LLC, 4.625%, 7/15/19 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 2,529,422    |
|   | 2,200,000                                        |             | B+/Ba3                                                                                                                                   | Talen Energy Supply LLC, 6.5%, 6/1/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 1,952,500    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 5,344,760    |
|   |                                             |             |                                                                                                                                     | Gas Utilities - 0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 625,000                                          |             | B+/B2                                                                                                                                    | Ferrellgas LP, 6.5%, 5/1/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 579,688      |
|   | 2,305,000                                        |             | B+/B2                                                                                                                                    | Ferrellgas LP, 6.75%, 1/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 2,138,256    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,717,944    |
|   |                                             |             |                                                                                                                                     | Independent Power Producers & Energy Traders - 1.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   | 2,500,000                                        |             | BB-/Ba3                                                                                                                                  | AES Corp., 5.5%, 4/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 2,325,000    |
|   | 4,550,000                                        |             | BB-/B1                                                                                                                                   | NRG Energy, Inc., 6.25%, 5/1/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      | 4,072,250    |
|   | 600,000                                          |             | BB-/B1                                                                                                                                   | NRG Energy, Inc., 6.25%, 7/15/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 552,000      |
|   | 635,000                                          |             | BB-/B1                                                                                                                                   | NRG Energy, Inc., 6.625%, 3/15/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      | 590,550      |
|   | 3,025,000                                        |             | B+/B2                                                                                                                                    | TerraForm Power, 9.75%, 8/15/22 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 2,707,375    |
|   | 1,955,000                                        |             | BB-/B1                                                                                                                                   | TerraForm Power Operating LLC, 5.875%, 2/1/23 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      | 1,803,488    |
|   | 825,000                                          |             | BB-/B1                                                                                                                                   | TerraForm Power Operating LLC, 6.125%, 6/15/25 (144A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 742,500      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 12,793,163   |
|   |                                             |             |                                                                                                                                     | Total Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 20,855,867   |
|   |                                             |             |                                                                                                                                     | TOTAL CORPORATE BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $398,209,324)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 366,735,771  |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |
|   | 2,339,802                                        |             | AA+/Aaa                                                                                                                                  | U.S. Treasury Inflation Indexed Bonds, 0.375%, 7/15/25                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 2,282,161    |
|   | 2,412,197                                        |             | AA+/Aaa                                                                                                                                  | U.S. Treasury Inflation Indexed Bonds, 0.75%, 2/15/45                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      | 2,139,474    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 4,421,635    |
|   |                                             |             |                                                                                                                                     | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |
|   |                                             |             |                                                                                                                                     | (Cost $4,456,377)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 4,421,635    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | FOREIGN GOVERNMENT BONDS - 1.7%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      |      |         |
| CLP    | 901,000,000                                      |             | AA-/Aa3                                                                                                                                  | Chile Government International Bond, 5.5%, 8/5/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 1,352,237    |
| IDR    | 34,892,000,000                                   |             | BB+/Baa3                                                                                                                                 | Indonesia Treasury Bond, 8.375%, 3/15/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 2,483,112    |
| IDR    | 34,120,000,000                                   |             | BB+/Baa3                                                                                                                                 | Indonesia Treasury Bond, 9.0%, 3/15/29                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      | 2,474,040    |
| MXN    | 57,418,100                                       |             | A/A3                                                                                                                                     | Mexican Bonos, 10.0%, 12/5/24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      | 4,453,526    |
| PHP    | 76,000,000                                       |             | BBB/Baa2                                                                                                                                 | Philippine Government International Bond, 6.25%, 1/14/36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      | 1,804,417    |
| RUB    | 258,623,000                                      |             | BBB-/Ba1                                                                                                                                 | Russian Federal Bond - OFZ, 7.05%, 1/19/28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      | 3,259,778    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 15,827,110   |
|   |                                             |             |                                                                                                                                     | TOTAL FOREIGN GOVERNMENT BONDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $15,491,331)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 15,827,110   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | SENIOR FLOATING RATE LOAN INTERESTS - 1.2%**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Energy - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Oil & Gas Drilling - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   | 1,034,680                                        | 7.50             | B/B3                                                                                                                                     | Jonah Energy LLC, Term Loan (Second Lien), 5/8/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 814,810      |
|   |                                             |             |                                                                                                                                     | Total Energy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      | $         | 814,810      |
|   |                                             |             |                                                                                                                                     | Materials - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Diversified Metals & Mining - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 372,500                                          | 3.75             | BB+/NR                                                                                                                                   | Fortescue Metals Group Ltd., Bank Loan, 6/30/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 316,532      |
|   |                                             |             |                                                                                                                                     | Total Materials                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |                    |      | $         | 316,532      |
|   |                                             |             |                                                                                                                                     | Capital Goods - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Electrical Components & Equipment - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   | 229,031                                          | 5.25             | NR/NR                                                                                                                                    | Pelican Products, Inc., Term Loan (First Lien), 4/8/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      | $         | 228,029      |
|   |                                             |             |                                                                                                                                     | Industrial Conglomerates - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      |         |
|   | 50,532                                           | 8.25             | B-/Caa1                                                                                                                                  | Filtration Group Corp., Initial Term Loan (Second Lien), 11/15/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    | $         | 50,490    |
|   |                                             |             |                                                                                                                                     | Total Capital Goods                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      | $         | 278,519      |
|   |                                             |             |                                                                                                                                     | Commercial Services & Supplies - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Security & Alarm Services - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 26,232                                           | 4.25             | B/Ba3                                                                                                                                    | Monitronics International, Inc., Term B Loan, 3/23/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 26,114       |
|   |                                             |             |                                                                                                                                     | Total Commercial Services & Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 26,114       |
|   |                                             |             |                                                                                                                                     | Consumer Durables & Apparel - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Leisure Products - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 113,143                                          | 3.75             | BB-/Ba3                                                                                                                                  | Bombardier Recreational Products, Inc., Term B-2 Loan, 1/30/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    | $         | 113,214   |
|   |                                             |             |                                                                                                                                     | Total Consumer Durables & Apparel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 113,214      |
|   |                                             |             |                                                                                                                                     | Media - 0.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Broadcasting - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | 58,446                                           | 4.00             | B+/B2                                                                                                                                    | Univision Communications, Inc., Replacement First-Lien Term Loan, 3/1/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        | $                       | 58,088    |
|   |                                             |             |                                                                                                                                     | Cable & Satellite - 0.5%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 4,820,000                                        | 0.00             | NR/Baa3                                                                                                                                  | Charter Communications Operating, LLC (aka CCO Safari LLC) First Lien Bridge Loan, 5/26/16 (h)                                                                                                                                                                                                                                                                                                                                                                                                                                                           | $           | 4,820,000               |
|   |                                             |             |                                                                                                                                     | Publishing - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      |      |         |
|   | 884,250                                          | 6.25             | BB-/NR                                                                                                                                   | McGraw-Hill School Education Holdings llc, Term B Loan, 12/18/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      | 885,079   |
|   |                                             |             |                                                                                                                                     | Total Media                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 5,763,167    |
|   |                                             |             |                                                                                                                                     | Food & Staples Retailing - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Food Distributors - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      |      |         |
|   | 700,000                                          | 8.25             | CCC+/Caa1                                                                                                                                | Del Monte Foods Consumer Products,Term Loan (Second Lien), 5/26/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    | 635,833   |
|   |                                             |             |                                                                                                                                     | Total Food & Staples Retailing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 635,833      |
|   |                                             |             |                                                                                                                                     | Health Care Equipment & Services - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Health Care Services - 0.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   | 67,836                                           | 6.50             | B/B1                                                                                                                                     | Ardent Legacy Acquisitions, Inc.(Ardent Mergeco, L.L.C.) Term Loan, 7/31/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $           | 67,921                  |
|   | 89,103                                           | 6.50             | B-/B2                                                                                                                                    | BioScrip, Inc., Initial Term B Loan, 7/31/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      | 81,975       |
|   | 44,551                                           | 6.50             | B-/B2                                                                                                                                    | BioScrip, Inc., Term Loan, 7/31/20                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      | 40,987       |
|   | 2,025,000                                        | 8.33             | NR/Caa1                                                                                                                                  | MJ Acquisition Corp., 2nd Lien Term Loan, 4/8/23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        |                    |      |      | 2,035,125    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 2,226,008    |
|   |                                             |             |                                                                                                                                     | Total Health Care Equipment & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 2,226,008    |
|   |                                             |             |                                                                                                                                     | Pharmaceuticals, Biotechnology & Life Sciences - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Biotechnology - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      |      |         |
|   | 249,375                                          | 7.00             | B/B3                                                                                                                                     | Lantheus Medical Imaging, Inc., Initial Term Loan, 6/25/22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 233,166      |
|   |                                             |             |                                                                                                                                     | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |        |                    |      | $         | 233,166      |
|   |                                             |             |                                                                                                                                     | Banks - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Thrifts & Mortgage Finance - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   | 54,988                                           | 5.50             | B+/B2                                                                                                                                    | Ocwen Financial Corp., Initial Term Loan, 1/15/18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |        |                    |      | $         | 55,136       |
|   |                                             |             |                                                                                                                                     | Total Banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | 55,136       |
|   |                                             |             |                                                                                                                                     | Software & Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | IT Consulting & Other Services - 0.1%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   | 740,625                                          | 5.75             | B-/B1                                                                                                                                    | Evergreen Skills Lux Sarl, Initial Term Loan (First Lien), 4/23/21                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    | $         | 619,348   |
|   |                                             |             |                                                                                                                                     | Application Software - 0.0%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 95,549                                           | 4.25             | B+/B1                                                                                                                                    | Vertafore, Inc., Term Loan (2013), 10/3/19                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | 95,658       |
|   |                                             |             |                                                                                                                                     | Total Software & Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 715,006      |
|   |                                             |             |                                                                                                                                     | TOTAL SENIOR FLOATING RATE LOAN INTERESTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $11,533,224)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 11,177,505   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | Shares                                           |             |                                                                                                                                     | EXCHANGE TRADED FUNDS - 1.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |      |      |         |
|   | 740,901                                          |             |                                                                                                                                     | Blackrock Munivest Fund, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      | $         | 7,423,828    |
|   | 498,434                                          |             |                                                                                                                                     | Blackrock Muniyield Fund, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      | 7,252,215    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      | $         | 14,676,043   |
|   |                                             |             |                                                                                                                                     | TOTAL EXCHANGE TRADED FUNDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $14,077,545)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      | $         | 14,676,043   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | TOTAL INVESTMENT IN SECURITIES - 99.2%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | (Cost $965,640,890) (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |        |                    |      | $         | 909,335,228  |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | CALL OPTIONS WRITTEN - (0.0)%+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   | Principal Amount ($)                             |             | Description                                                                                                                              | Counterparty                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | StrikePrice | ExpirationDate          | Value     |
|   | (262)                                            |             |                                                                                                                                     | Keurig Green Mountain, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Citibank    |    62.50 | 11/20/15  | $         | (19,126)     |
|   | (262)                                            |             |                                                                                                                                     | Keurig Green Mountain, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Citibank    |    65.00 | 11/20/15  |      | (12,838)     |
|   |                                             |             |                                                                                                                                     | TOTAL CALL OPTIONS WRITTEN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      | $         | (31,964)     |
|   |                                             |             |                                                                                                                                     | (Premiums received $(176,585))                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      | $         | (31,964)     |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | OTHER ASSETS & LIABILITIES - 0.8%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        |                    |      | $         | 7,063,557    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | TOTAL NET ASSETS - 100.0%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 916,430,749  |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | +                                                |             |                                                                                                                                     | Amount rounds to less than 0.1% or (0.1)%.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | *                                                |             |                                                                                                                                     | Non-income producing security.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (PIK)                                            |             |                                                                                                                                     | Represents a pay-in-kind security.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (144A)                                           |             |                                                                                                                                     | Security is exempt from registration under Rule 144A of the Securities Act of 1933.  Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration.  At October 30, 2015, the value of these securities amounted to $201,772,889 or 22.0% of total net assets.                                                                                                                                                                                                                  |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | REIT                                             |             |                                                                                                                                     | Real Estate Investment Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (Step)                                           |             |                                                                                                                                     | Step up bond issued with an initial coupon rate which converts to a higher rate at a later date                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (Cat Bond)                                       |             | Catastrophe or Event Linked Bond. At October 31, 2015, the value of these securities amounted to $6,407,775 or 0.7% of total net assets. |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (Perpetual)                                      |             | Security with no stated maturity date.                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | REMICS                                           |             |                                                                                                                                     | Real Estate Mortgage Investment Conduits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | **                                               |             |                                                                                                                                     | Senior floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR (London InterBank Offered Rate), (ii) the prime rate offered by one or more major U.S. banks, (iii) the certificate of deposit or (iv) other base lending rates used by commercial lenders. The rate shown is the coupon rate at period end. |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (a)                                              |             |                                                                                                                                     | At October 31, 2015, the net unrealized depreciation on investments based on                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        |                    |
|   |                                             |             |                                                                                                                                     | cost for federal income tax purposes of $965,640,890 was as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Aggregate gross unrealized appreciation for all investments in which                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     | there is an excess of value over tax cost                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      | $         | 27,029,685   |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Aggregate gross unrealized depreciation for all investments in which                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     | there is an excess of tax cost over value                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |      |      | (83,335,347) |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Net unrealized depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      | $         | (56,305,662) |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (b)                                              |             |                                                                                                                                     | Debt obligation with a variable interest rate.  Rate shown is rate at period end                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        |                    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (c)                                              |             |                                                                                                                                     | Security represents the interest only portion payments on a pool of underlying mortgages or                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |
|   |                                             |             |                                                                                                                                     | mortgage-backed securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (d)                                              |             |                                                                                                                                     | Security issued with a zero coupon.  Income is earned through accrection of discount.                                                                                                                                                                                                                                                                                                                                                                                                                                                          |        |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (e)                                              |             |                                                                                                                                     | Security is valued using fair value methods (other than prices supplied by independent pricing services or broker-dealers). See Notes to Financial Statements — Note 1A.                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (f)                                              |             |                                                                                                                                     | Security is in default and is non-income producing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (g)                                              |             |                                                                                                                                     | Structured reinsurance investment. At October 31, 2015, the value of these securities amounted to $14,690,910 or 1.6% of total net assets.                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | (h)                                              |             |                                                                                                                                     | Rate to be determined.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   |                                             |             |                                                                                                                                     | Principal amounts are denominated in U.S. Dollars unless otherwise noted:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |        |                    |
|   |                                             | CLP              | Chilean Peso                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             | IDR              | Indonesian Rupiah                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             | MXN              | Mexican Peso                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             | PHP              | Philippine Peso                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             | RUB              | Russian Ruble                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |
|   | CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |
|   |                                             |             |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        |                    |      |      |         |

|   |   |                                                | Notional Principal ($) (1) |                                                                                                                                      | Counterparty | Obligation Entity/Index             |                 | Coupon |   |   | CreditRating (2) |   | Expiration Date |   | Premiums Paid |     |   | UnrealizedAppreciation |     |
|--------|--------|-----------------------------------------------------|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|--------------|-------------------------------------|----------------------|--------|--------|--------|------------------|--------|-----------------|--------|---------------|----------|--------|------------------------|----------|
|   |   |                                                |                       | 2,000,000                                                                                                                                 |         | Morgan Stanley Capital Services LLC | MBIA Insurance Corp. |   |   | 5.00   | %                |   |            | A-     |          | 12/20/15 |   |                   | (110,000 | ) |   |   | 85,000 |   |
|   |   |                                                |                       |                                                                                                                                      |         |                                |                 |   |   |   |             |   |            |   |          |     |   |                   |     |   |   |   |   |   |
|   |   |         (1) |                       | The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event. |         |
|   |   |         (2) |                       | Based on Standard & Poor's rating of the issuer.                                                                                      |         |                                |                 |   |   |   |             |   |            |   |          |     |   |                   |     |   |   |

| Various inputs are used in determining the value of the Fund’s investments.  These inputs are summarized in the three broad levels listed below. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                             |   |   |   |   |   |   |   |
| Level 1 – quoted prices in active markets for identical securities.                                                                                        |   |   |   |
| Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)       |
| Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)                                  |
|                                                                                                                                                             |   |   |   |   |   |   |   |
| The following is a summary of the inputs used as of October 31, 2015, in valuing the Fund’s assets:                                                        |   |   |   |

|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   | Level 1                                                                                                                                                                                                                         |  Level 2                                                                                                                               |  Level 3                                                                                                             | Total                                                                                                                      |
|---------------------------------------------------------------------------------------------------|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|
|                                                                                              |   |   |   | Convertible Corporate Bonds                                                                                                           |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   | Preferred Stocks                                                                                                                      |   |   |   |   |  $                                   -      |  $       5,034,147                                                                                  |  $                  -      |  $       5,034,147                                                                 |
|                                                                                              |   |   |   |   Transportation                                                                                                            |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Air Freight & Logistics                                                                                   |   |   |   |   |                                      - |               21,848                                                  |                   -             |               21,848                                 |
|                                                                                              |   |   |   |   All Other Preferred Stocks                                                                                                |   |   |   |   |                            956,643                                                       |                      -             |                   -             |             956,643                                            |
|                                                                                              |   |   |   | Convertible Preferred Stocks                                                                                                          |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |   Energy                                                                                                                    |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Oil & Gas Exploration & Production                                                                    |   |   |   |   |                                      - |               63,875                                                  |                   -             |               63,875                                 |
|                                                                                              |   |   |   |   All Other Convertible Preferred Stocks                                                                                    |   |   |   |   |                          1,072,796                                                                 |                      -             |                   -             |          1,072,796                                                            |
|                                                                                              |   |   |   | Common Stocks                                                                                                                         |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |   Capital Goods                                                                                                             |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Industrial Machinery                                                                                          |   |   |   |   |                                      - |                      -             |                   31            |                     31 |
|                                                                                              |   |   |   |   Transportation                                                                                                            |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Air Freight & Logistics                                                                                   |   |   |   |   |                                      - |               10,094                                                  |                   -             |               10,094                                 |
|                                                                                              |   |   |   |   All Other Common Stocks                                                                                                   |   |   |   |   |                      448,662,937                                                                                       |                      -             |                   -             |       448,662,937                                                                            |
|                                                                                              |   |   |   | Asset Backed Securities                                                                                                               |   |   |   |   |                                      - |         10,592,435                                                                                  |                   -             |         10,592,435                                                                 |
|                                                                                              |   |   |   | Collateralized Mortgage Obligations                                                                                                   |   |   |   |   |                                      - |         30,082,358                                                                                  |                   -             |         30,082,358                                                                 |
|                                                                                              |   |   |   | Corporate Bonds                                                                                                                       |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |   Capital Goods                                                                                                             |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Industrial Machinery                                                                                          |   |   |   |   |                                      - |                      -             |             42,291                                            |               42,291                                 |
|                                                                                              |   |   |   |   Insurance                                                                                                                 |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |     Reinsurance                                                                                                   |   |   |   |   |                                      - |           6,407,775                                                                       |       14,690,910                                                                            |         21,098,685                                                                 |
|                                                                                              |   |   |   |   All Other Corporate Bonds                                                                                                 |   |   |   |   |                                      - |        345,594,795                                                                                       |                   -             |       345,594,795                                                                            |
|                                                                                              |   |   |   | U.S. Government and Agency Obligations                                                                                                |   |   |   |   |                                      - |           4,421,635                                                                       |                   -             |          4,421,635                                                            |
|                                                                                              |   |   |   | Foreign Government Bonds                                                                                                              |   |   |   |   |                                      - |         15,827,110                                                                                  |                   -             |         15,827,110                                                                 |
|                                                                                              |   |   |   | Senior Floating Rate Loan Interests                                                                                                   |   |   |   |   |                                      - |         11,177,505                                                                                  |                   -             |         11,177,505                                                                 |
|                                                                                              |   |   |   | Exchange Traded Funds                                                                                                                 |   |   |   |   |                        14,676,043                                                                            |                      -             |                   -             |         14,676,043                                                                 |
|                                                                                              |   |   |   | Total                                                                                                                                 |   |   |   |   |  $                   465,368,419                                                                                            |  $    429,233,577                                                                                                  |  $   14,733,232                                                                                       |  $   909,335,228                                                                                       |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   | Other Financial Instruments                                                                                                           |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   | Net unrealized depreciation on futures contracts                                                                                      |   |   |   |   |  $                     (4,311,982)                                                                                |  $                    -            |  $                  -      |  $     (4,311,982)                                                                           |
|                                                                                              |   |   |   | Net unrealized appreciation on written options                                                                                        |   |   |   |   |                            144,621                                                       |                        - |                     - |             144,621                                            |
|                                                                                              |   |   |   | Net unrealized appreciation on credit default swaps                                                                                   |   |   |   |   |                                      - |                        - |                     - |               85,000                                 |
|                                                                                              |   |   |   | Total Other Financial Instruments                                                                                                     |   |   |   |   |  $                     (4,167,361)                                                                                |  $                    -            |  $                  -      |  $     (4,082,361)                                                                           |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
| The following is a reconciliation of assets valued using significant observable inputs (Level 3): |   |   |   |                                                                                                                                  |   |   |   |   |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   | CommonStocks                                                                                                                                                                                                                    | CorporateBonds                                                                                                                              | Total                                                                                                                     |                                                                                                                       |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   | Balance as of 7/31/15                                                                                                                 |   |   |   |   |  $                                31                       |  $      14,654,343                                                                                       |  $   14,654,374                                                                                       |                                                                                                                       |
|                                                                                              |   |   |   | Realized gain (loss)1                                                                                                                 |   |   |   |   |                                      - |                 8,400                                       |               8,400                                 |                                                                                                                       |
|                                                                                              |   |   |   | Change in unrealized appreciation (depreciation)2                                                                                     |   |   |   |   |                                      - |              675,778                                                       |           675,778                                                       |                                                                                                                       |
|                                                                                              |   |   |   | Purchases                                                                                                                             |   |   |   |   |                                      - |                 3,080                                       |               3,080                                 |                                                                                                                       |
|                                                                                              |   |   |   | Sales                                                                                                                                 |   |   |   |   |                                      - |            (608,400)                                                                 |          (608,400)                                                           |                                                                                                                       |
|                                                                                              |   |   |   | Transfers in and out of Level 3 Categories                                                                                            |   |   |   |   |                                      - |                        - |                     - |                                                                                                                       |
|                                                                                              |   |   |   | Transfers in and out to Level 3*                                                                                                      |   |   |   |   |                                      - |                        - |                     - |                                                                                                                       |
|                                                                                              |   |   |   | Balance as of 10/31/15                                                                                                                |   |   |   |   |  $                                31                       |  $      14,733,201                                                                                       |  $   14,733,232                                                                                       |                                                                                                                       |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   | 1      | Realized gain (loss) on these securities is included in the net realized gain (loss) from investments in the Statement of Operations. |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   | 2      | Unrealized appreciation (depreciation) on these securities is included in the change in unrealized                                    |   |   |   |
|                                                                                              |   |   |   | appreciation (depreciation) on investments in the Statement of Operations.                                                            |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   | *      | Transfers are calculated on the beginning of period values.  During the period ended October 31, 2015, there were           |   |   |
|                                                                                              |   |   |   | no transters between Levels 1, 2 and 3.                                                                                               |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   |                                                                                                                                  |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |
|                                                                                              |   |   |   | Net change in unrealized appreciation (depreciation) of investments                                                                   |   |   |   |   |                                                                                                                                                                                                                            |                                                                                                                                        |                                                                                                                      |
|                                                                                              |   |   |   | still held as of 10/31/15                                                                                                             |   |   |   |   |  $                         675,778                                                            |                                                                                                                                        |                                                                                                                      |                                                                                                                       |

```

ITEM 2. CONTROLS AND PROCEDURES.

(a) Disclose the conclusions of the registrant's principal executive
and principal financial officers, or persons performing similar functions,
regarding the effectiveness of the registrant's disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR
270.30a-3(c))) as of a date within 90 days of the filing date of the report
that includes the disclosure required by this paragraph, based on the
evaluation of these controls and procedures required by Rule 30a-3(b)
under the Act (17 CFR 270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b)
under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).

The registrant's principal executive officer and principal financial officer
have concluded that the registrant's disclosure controls and procedures are
effective based on their evaluation of these controls and procedures as of
a date within 90 days of the filing date of this report.

(b) Disclose any change in the registrant's internal controls over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))
that occurred during the registrant's last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting.

There were no significant changes in the registrant's internal control over
financial reporting that occurred during the second fiscal quarter of the
period covered by this report that have materially affected, or are
reasonably likely to materially affect, the registrant's internal control
over financial reporting.

ITEM 3. EXHIBITS.

File as exhibits as part of this Form a separate certification for each principal
executive officer and principal financial officer of the registrant as required
by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:

                             CERTIFICATIONS

I, [identify the certifying individual], certify that:

1.  I have reviewed this report on Form N-Q of [identify registrant];

2.  Based on my knowledge, this report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3.  Based on my knowledge, the schedules of investments included in this report
fairly present in all material respects the investments of the registrant as of
the end of the fiscal quarter for which the report is filed;

4.  The registrants other certifying officer(s) and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over
financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act
of 1940) for the registrant and have:

  (a)  Designed such disclosure controls and procedures, or caused such
  disclosure controls and procedures to be designed under our supervision, to
  ensure that material information relating to the registrant, including its
  consolidated subsidiaries, is made known to us by others within those entities,
  particularly during the period in which this report is being prepared;

  (b)  Designed such internal control over financial reporting, or caused such
  internal control over financial reporting to be designed under our supervision,
  to provide reasonable assurance regarding the reliability of financial
  reporting and the preparation of financial statements for external purposes
  in accordance with generally accepted accounting principles;

  (c)  Evaluated the effectiveness of the registrants disclosure controls and
  procedures and presented in this report our conclusions about the effectiveness
  of the disclosure controls and procedures, as of a date within 90 days prior to
  the filing date of this report, based on such evaluation; and

  (d)  Disclosed in this report any change in the registrants internal control
  over financial reporting that occurred during the registrants most recent
  fiscal quarter that has materially affected, or is reasonably likely to
  materially affect, the registrants internal control over financial reporting;
  and

5.  The registrants other certifying officer(s) and I have disclosed to the
registrants auditors and the audit committee of the registrants board of
directors (or persons performing the equivalent functions):

  (a)  All significant deficiencies and material weaknesses in the design or operation
  of internal control over financial reporting which are reasonably likely to adversely
  affect the registrants ability to record, process, summarize, and report financial
  information; and

  (b)  Any fraud, whether or not material, that involves management or other employees
  who have a significant role in the registrants internal control over financial
  reporting.

Date:                                                  [Signature] [Title]

Filed herewith.

<PAGE>

                                   SIGNATURES

                          [See General Instruction F]

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) Pioneer Series Trust IV

By (Signature and Title)* /s/ Lisa M.Jones
                          -----------------------
                          Lisa M.Jones, President and Chief Executive Officer

Date December 21, 2015

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/ Lisa M.Jones
                          -----------------------
                          Lisa M.Jones, President and Chief Executive Officer

Date December 21, 2015

By (Signature and Title)* /s/ Mark E. Bradley
                          -----------------
                          Mark E. Bradley, Treasurer and Chief Accounting
                                        and Financial Officer

Date December 21, 2015

* Print the name and title of each signing officer under his or her signature.
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