# EDGAR Filing Document

**Accession Number:** 0000773757
**File Stem:** 0001193125-25-268687
**Filing Date:** 2025-11
**Character Count:** 1059658
**Document Hash:** 16323b282872f5afdfac29790163c2ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-268687.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001193125-25-268687

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 31

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000773757

**ORGANIZATION NAME:**
- **EIN:** 363376651
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04367
- **FILM NUMBER:** 251457145

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COLUMBIA FUNDS TRUST IX
- **DATE OF NAME CHANGE:** 20031107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19991025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Multi-Manager Total Return Bond Strategies Fund (Series ID: S000036205)

| Class ID   | Class Name                                                          | Ticker Symbol   |
|:---|:---|:---|
| C000179755 | Multi-Manager Total Return Bond Strategies Fund Institutional Class | CTRZX           |

?xml version='1.0' encoding='ASCII'? d9d77e24-9079-487f-af74-7efef70c2478

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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#### FORM N-CSR

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#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-04367

#### Columbia Funds Series Trust I
(Exact name of registrant as specified in charter)

------

290 Congress Street

Boston, MA 02210

(Address of principal executive offices) (Zip code)

Michael G. Clarke

c/o Columbia Management Investment Advisers, LLC

290 Congress Street

Boston, MA 02210

Ryan C. Larrenaga, Esq.

c/o Columbia Management Investment Advisers, LLC

290 Congress Street

Boston, MA 02210

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(800) 345-6611

#### Date of fiscal year end:

#### Last Day of August

#### Date of reporting period:

#### August 31, 2025
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR 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, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders

Multi-Manager Total Return Bond Strategies Fund

Institutional Class / CTRZX

![FundLogo](images_1975.jpg)

Annual Shareholder Report \| August 31, 2025

This annual shareholder report contains important information about Multi-Manager Total Return Bond Strategies Fund (the Fund) for the period of September 1, 2024 to August 31, 2025. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $49 | 0.48% |

---

#### Management's Discussion of Fund Performance
The performance of Institutional Class shares for the period presented is shown in the Average Annual Total Returns table.

Top Performance Contributors

**Allocations** \| Positive contributions to the Fund's performance relative to the benchmark were driven by exposure to non-benchmark sectors including collateralized loan obligations, high-yield bonds, non-agency mortgage-backed securities and emerging market bonds.

**Security Selection** \| Security selection within investment-grade corporates was a significant positive. The financials sector was particularly additive, led by banking and insurance. Within industrials, the consumer non-cyclical and technology sectors contributed positively.

**Interest rate positioning** \| The Fund's positioning with respect to interest rates contributed positively to performance relative to the benchmark over the trailing year as the yield curve steepened. Positioning emphasized the front end of the yield curve where interest rates declined while de-emphasizing longer maturity bonds where interest rates rose.

Top Performance Detractors

**Investment grade corporates** I The Fund's underweight positioning with respect to investment-grade corporate bonds detracted from relative performance as this was among the benchmark's top performing sectors.

**Government securities** \| Positioning within the Treasury sector was a small detractor amidst a shifting interest rate environment that saw the yield curve steepen significantly, resulting in ongoing interest rate re-positioning using both Treasury bonds and derivatives. In addition, the Fund was underweight government-related securities including sovereign bonds, which also detracted from relative performance.

#### Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in the Fund during the stated time period.

Growth of $10,000

![Fund Performance - Growth of 10K](chartimages_3835552.jpg)

---

| | | | |
|:---|:---|:---|:---|
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| Institutional Class(a),(b) | 3.36 | (0.33) | 1.98 |
| Bloomberg U.S. Aggregate Bond Index | 3.14 | (0.68) | 1.80 |

---

---

| |
|:---|
| <sup>(a)</sup> |
| <sup>(b)</sup> <sup>The Fund's performance prior to October 2018 reflects returns achieved pursuant to different principal investment strategies. If the Fund's current principal investment strategies had been in place for the prior periods, results shown may have been different.</sup> |

---

The Fund's past performance is not a good predictor of the Fund's future performance. Performance does not reflect the deduction of taxes that a shareholder may pay on fund distributions or on the redemptions of fund shares. Performance results reflect the effect of any fee waivers/expense reimbursements, if applicable. All results shown assume reinvestment of distributions. Visit columbiathreadneedleus.com/investment-products/mutual-funds for more recent performance information.

Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$13557367603 |
| **Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3965 |
| **Management services fees<br>(represents 0.44% of Fund average net assets)** | &nbsp;&nbsp;&nbsp;&nbsp;$57639253 |
| **Portfolio turnover for the reporting period** | &nbsp;&nbsp;&nbsp;&nbsp;225% |

---

#### Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

Derivative Exposure

---

| | |
|:---|:---|
|  | **Long** |
| Credit Risk | 0.6% |
| Foreign Exchange Risk | 0.8% |
| Interest Rate Risk | 23.5% |
|  | **Short** |
| Credit Risk | 0.3% |
| Interest Rate Risk | 10.2% |

---

Asset Categories

![Graphical Representation - Allocation 1 Chart](chartimages_3835553.jpg)

#### Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

![TSR - QR Code](images_1986.jpg)

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2025 Columbia Management Investment Advisers, LLC.

Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value

Multi-Manager Total Return Bond Strategies Fund \| Institutional Class \| ASR101_08_(10/25)

------

Item 2. Code of Ethics.

The registrant has adopted a code of ethics (the "Code") that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. During the period covered by this report, there were not any amendments to a provision of the Code that relates to any element of the code of ethics definition enumerated in paragraph (b) of Item 2 of Form N-CSR. During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the Code that relates to one or more of the items set forth in paragraph (b) of Item 2 of Form N-CSR. A copy of the Code is attached hereto.

------

Item 3. Audit Committee Financial Expert.

The registrant's Board of Trustees has determined that J. Kevin Connaughton, Brian J. Gallagher, Douglas A. Hacker, David M. Moffett and Sandra L. Yeager qualify as "audit committee financial experts," as such term is defined in Form N-CSR. Mr. Connaughton, Mr. Gallagher, Mr. Hacker, Mr. Moffett and Ms. Yeager, are also each "independent" members of the Audit Committee pursuant to paragraph (a)(2) of Item 3 of Form N-CSR.

------

Item 4. Principal Accountant Fees and Services.

The Registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for the series of the relevant registrant whose reports to shareholders are included in this annual filing.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Amount billed to the registrant ($)** | &nbsp;&nbsp;**Amount billed to the registrant ($)** | &nbsp;&nbsp;**Amount billed to the registrant's <br> investment advisor ($)** | &nbsp;&nbsp;**Amount billed to the registrant's <br> investment advisor ($)** |
|  | &nbsp;&nbsp;**August 31, 2025** | &nbsp;&nbsp;**August 31, 2024** | &nbsp;&nbsp;**August 31, 2025** | &nbsp;&nbsp;**August 31, 2024** |
| &nbsp;&nbsp;Audit fees <sup>(a)</sup> | &nbsp;&nbsp;54065 | &nbsp;&nbsp;52505 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Audit-related fees <sup>(b)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Tax fees <sup>(c)</sup> | &nbsp;&nbsp;19909 | &nbsp;&nbsp;13795 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;All other fees <sup>(d)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Non-audit fees <sup>(g)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;474000 | &nbsp;&nbsp;581000 |

---

(a) Audit Fees include amounts related to the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.

(b) Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported in Audit Fees above.

(c) Tax Fees include amounts for the review of annual tax returns, the review of required shareholder distribution calculations and typically include amounts for professional services by the principal accountant for tax compliance, tax advice, tax planning and foreign tax filings, if applicable.

(d) All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above and typically include SOC-1 reviews.

(e)(1) Audit Committee Pre-Approval Policies and Procedures

The registrant's Audit Committee is required to pre-approve the engagement of the registrant's independent auditors to provide audit and non-audit services to the registrant and non-audit services to its investment adviser (excluding any sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser (the "Adviser") or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (a "Control Affiliate") if the engagement relates directly to the operations and financial reporting of the registrant.

The Audit Committee has adopted a Policy for Engagement of Independent Auditors for Audit and Non-Audit Services (the "Policy"). The Policy sets forth the understanding of the Audit Committee regarding the engagement of the registrant's independent accountants to provide (i) audit and permissible audit-related, tax and other services to the registrant ("Fund Services"); (ii) non-audit services to the registrant's Adviser and any Control Affiliates, that relates directly to the operations and financial reporting of a Fund ("Fund-related Adviser Services"); and (iii) certain other audit and non-audit services to the registrant's Adviser and its Control Affiliates. A service will require specific pre-approval by the Audit Committee if it is to be provided by the Fund's independent auditor; provided, however, that pre-approval of non-audit services to the Fund, the Adviser or Control Affiliates may be waived if certain de minimis requirements set forth in the SEC's rules are met.

Under the Policy, the Audit Committee may delegate pre-approval authority to any pre-designated member or members who are independent board members. The member(s) to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next regular meeting. The Audit Committee's responsibilities with respect to the pre-approval of services performed by the independent auditor may not be delegated to management.

On an annual basis, at a regularly scheduled Audit Committee meeting, the Fund's Treasurer or other Fund officer shall submit to the Audit Committee a schedule of the types of Fund Services and Fund-related Adviser Services that are subject to specific pre-approval. This schedule will provide a description of each type of service that is subject to specific pre-approval, along with total projected fees for each service. The pre-approval will generally cover a one-year period. The Audit Committee will review and approve the types of services and the projected fees for the next one-year period and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. This specific approval acknowledges that the Audit Committee is in agreement with the specific types of services that the independent auditor will be permitted to perform and the projected fees for each service.

The Fund's Treasurer or other Fund officer shall report to the Audit Committee at each of its regular meetings regarding all Fund Services or Fund-related Adviser Services provided since the last such report was rendered, including a description of the services, by category, with forecasted fees for the annual reporting period, proposed changes requiring specific pre-approval and a description of services provided by the independent auditor, by category, with actual fees during the current reporting period.

(e)(2) None, or 0%, of the Audit-Related Fees, Tax Fees and All Other Fees paid by the Fund or affiliated entities relating directly to the operations and financial reporting of the Registrant disclosed above were approved by the audit committee pursuant to paragraphs (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits audit committee approval after the start of the engagement with respect to services other than audit, review or attest services, if certain conditions are satisfied).

(f) Not applicable.

(g) The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant.

(h) The registrant's Audit Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the registrant's adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant's independence.

(i) Not applicable.

(j) Not applicable.

------

Item 5. Audit Committee of Listed Registrants.

Not applicable.

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Item 6. Investments.

(a) The registrant's "Schedule I – Investments in securities of unaffiliated issuers" (as set forth in 17 CFR 210.12-12) is included in Item 7 of this Form N-CSR.

(b) Not applicable.

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Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![](imge6e1d5001.jpg)

Multi-Manager Total Return Bond Strategies Fund

**Annual Financial Statements and Additional Information**

August 31, 2025

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_9722dbc2-c588-43af-b140-af455dcfe733_POI-CommonContent-Date-14_1) | 3 |
| [Statement of Assets and Liabilities](#xx_9722dbc2-c588-43af-b140-af455dcfe733_FS-CommonContent-Date-14_1) | 94 |
| [Statement of Operations](#xx_9722dbc2-c588-43af-b140-af455dcfe733_FS-CommonContent-Date-14_2) | 95 |
| [Statement of Changes in Net Assets](#xx_9722dbc2-c588-43af-b140-af455dcfe733_FS-CommonContent-Date-14_3) | 96 |
| [Financial Highlights](#xx_9722dbc2-c588-43af-b140-af455dcfe733_FIHI-CommonContent-Date-14_1) | 97 |
| [Notes to Financial Statements](#xx_9722dbc2-c588-43af-b140-af455dcfe733_NTF-CommonContent-Date-14_1) | 98 |
| [Report of Independent Registered Public Accounting Firm](#xx_9722dbc2-c588-43af-b140-af455dcfe733_AUD-CommonContent-Date-14_1) | 116 |
| [Federal Income Tax Information](#xx_9722dbc2-c588-43af-b140-af455dcfe733_CCH-CommonContent-Date-14_1) | 117 |
| [Approval of Management and Subadvisory Agreements](#xx_9722dbc2-c588-43af-b140-af455dcfe733_CCH-CommonContent-Date-14_2) | 118 |

---

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Portfolio of Investments

August 31, 2025

(Percentages represent value of investments compared to net assets)

**Investments in securities**

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 12.6%** | **Asset-Backed Securities - Non-Agency 12.6%** | **Asset-Backed Securities - Non-Agency 12.6%** | **Asset-Backed Securities - Non-Agency 12.6%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| AB BSL CLO Ltd.<sup>(a),(b)</sup>  | AB BSL CLO Ltd.<sup>(a),(b)</sup>  | AB BSL CLO Ltd.<sup>(a),(b)</sup>  | AB BSL CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-6A Class A | Series 2025-6A Class A | Series 2025-6A Class A | Series 2025-6A Class A |
| 3-month Term SOFR + 1.430% <br>Floor 1.430% <br>07/20/2037<br>| &nbsp;&nbsp; 4.325% | 11800000 | &nbsp;&nbsp; 11823919 |
| Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  |
| Series 2023-B Class A | Series 2023-B Class A | Series 2023-B Class A | Series 2023-B Class A |
| 09/15/2028 | &nbsp;&nbsp; 6.820% | 2070000 | &nbsp;&nbsp; 2070917 |
| Series 2024-A Class 1A | Series 2024-A Class 1A | Series 2024-A Class 1A | Series 2024-A Class 1A |
| 02/15/2029 | &nbsp;&nbsp; 5.610% | 4690000 | &nbsp;&nbsp; 4716587 |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 02/15/2029 | &nbsp;&nbsp; 5.610% | 1235000 | &nbsp;&nbsp; 1242001 |
| Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B |
| 12/17/2029 | &nbsp;&nbsp; 5.330% | 6800000 | &nbsp;&nbsp; 6818746 |
| Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C |
| 12/17/2029 | &nbsp;&nbsp; 5.620% | 6300000 | &nbsp;&nbsp; 6328661 |
| Subordinated Series 2024-A Class 1B | Subordinated Series 2024-A Class 1B | Subordinated Series 2024-A Class 1B | Subordinated Series 2024-A Class 1B |
| 02/15/2029 | &nbsp;&nbsp; 5.930% | 500000 | &nbsp;&nbsp; 503845 |
| Subordinated Series 2024-A Class 1C | Subordinated Series 2024-A Class 1C | Subordinated Series 2024-A Class 1C | Subordinated Series 2024-A Class 1C |
| 02/15/2029 | &nbsp;&nbsp; 6.160% | 500000 | &nbsp;&nbsp; 504301 |
| Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 02/15/2033 | &nbsp;&nbsp; 4.990% | 5300000 | &nbsp;&nbsp; 5342706 |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 07/15/2033 | &nbsp;&nbsp; 4.670% | 2035000 | &nbsp;&nbsp; 2047422 |
| AGL CLO 11 Ltd.<sup>(a),(b)</sup>  | AGL CLO 11 Ltd.<sup>(a),(b)</sup>  | AGL CLO 11 Ltd.<sup>(a),(b)</sup>  | AGL CLO 11 Ltd.<sup>(a),(b)</sup>  |
| Series 2021-11A Class AJ | Series 2021-11A Class AJ | Series 2021-11A Class AJ | Series 2021-11A Class AJ |
| 3-month Term SOFR + 1.612% <br>Floor 1.350% <br>04/15/2034<br>| &nbsp;&nbsp; 5.929% | 12200000 | &nbsp;&nbsp; 12204490 |
| AGL CLO 12 Ltd.<sup>(a),(b)</sup>  | AGL CLO 12 Ltd.<sup>(a),(b)</sup>  | AGL CLO 12 Ltd.<sup>(a),(b)</sup>  | AGL CLO 12 Ltd.<sup>(a),(b)</sup>  |
| Series 2021-12A Class C | Series 2021-12A Class C | Series 2021-12A Class C | Series 2021-12A Class C |
| 3-month Term SOFR + 2.112% <br>Floor 1.850% <br>07/20/2034<br>| &nbsp;&nbsp; 6.437% | 1000000 | &nbsp;&nbsp; 1002437 |
| Allegro CLO X Ltd.<sup>(a),(b)</sup>  | Allegro CLO X Ltd.<sup>(a),(b)</sup>  | Allegro CLO X Ltd.<sup>(a),(b)</sup>  | Allegro CLO X Ltd.<sup>(a),(b)</sup>  |
| Series 2019-1A Class ARR | Series 2019-1A Class ARR | Series 2019-1A Class ARR | Series 2019-1A Class ARR |
| 3-month Term SOFR + 1.130% <br>Floor 1.130% <br>04/20/2032<br>| &nbsp;&nbsp; 5.456% | 5112479 | &nbsp;&nbsp; 5108205 |
| American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 03/12/2031 | &nbsp;&nbsp; 5.110% | 2280000 | &nbsp;&nbsp; 2295359 |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 10/12/2029 | &nbsp;&nbsp; 6.440% | 1935735 | &nbsp;&nbsp; 1947461 |
| Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B |
| 02/14/2028 | &nbsp;&nbsp; 6.630% | 129137 | &nbsp;&nbsp; 129201 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust |
| Subordinated Series 2022-1 Class B | Subordinated Series 2022-1 Class B | Subordinated Series 2022-1 Class B | Subordinated Series 2022-1 Class B |
| 04/19/2027 | &nbsp;&nbsp; 2.770% | 821191 | &nbsp;&nbsp; 819567 |
| Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B |
| 03/20/2028 | &nbsp;&nbsp; 5.570% | 3130000 | &nbsp;&nbsp; 3160565 |
| AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust |
| Series 2023-2 Class B | Series 2023-2 Class B | Series 2023-2 Class B | Series 2023-2 Class B |
| 07/18/2029 | &nbsp;&nbsp; 5.840% | 4505000 | &nbsp;&nbsp; 4593869 |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 01/18/2029 | &nbsp;&nbsp; 5.430% | 3165000 | &nbsp;&nbsp; 3196898 |
| Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C |
| 08/18/2027 | &nbsp;&nbsp; 1.410% | 2800307 | &nbsp;&nbsp; 2765269 |
| AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-25A Class A1R | Series 2022-25A Class A1R | Series 2022-25A Class A1R | Series 2022-25A Class A1R |
| 3-month Term SOFR + 1.350% <br>Floor 1.350% <br>04/15/2035<br>| &nbsp;&nbsp; 5.668% | 8670000 | &nbsp;&nbsp; 8682511 |
| Series 2023-26 Class A1R | Series 2023-26 Class A1R | Series 2023-26 Class A1R | Series 2023-26 Class A1R |
| 3-month Term SOFR + 1.270% <br>Floor 1.270% <br>04/15/2036<br>| &nbsp;&nbsp; 5.588% | 2200000 | &nbsp;&nbsp; 2201791 |
| Series 2024-28 Class A1A | Series 2024-28 Class A1A | Series 2024-28 Class A1A | Series 2024-28 Class A1A |
| 3-month Term SOFR + 1.550% <br>Cap 1.550% <br>07/20/2037<br>| &nbsp;&nbsp; 5.876% | 4670000 | &nbsp;&nbsp; 4689203 |
| Series 2024-30A Class A1 | Series 2024-30A Class A1 | Series 2024-30A Class A1 | Series 2024-30A Class A1 |
| 3-month Term SOFR + 1.680% <br>Floor 1.680% <br>01/15/2037<br>| &nbsp;&nbsp; 5.998% | 5250000 | &nbsp;&nbsp; 5264081 |
| Series 2025-31A Class B | Series 2025-31A Class B | Series 2025-31A Class B | Series 2025-31A Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>02/20/2038<br>| &nbsp;&nbsp; 6.026% | 3270000 | &nbsp;&nbsp; 3280140 |
| Anchorage Capital CLO Ltd.<sup>(a),(b)</sup>  | Anchorage Capital CLO Ltd.<sup>(a),(b)</sup>  | Anchorage Capital CLO Ltd.<sup>(a),(b)</sup>  | Anchorage Capital CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-8A Class AR2 | Series 2016-8A Class AR2 | Series 2016-8A Class AR2 | Series 2016-8A Class AR2 |
| 3-month Term SOFR + 1.462% <br>Floor 1.200% <br>10/27/2034<br>| &nbsp;&nbsp; 5.775% | 11500000 | &nbsp;&nbsp; 11502081 |
| Apidos CLO XVIII<sup>(a),(b)</sup>  | Apidos CLO XVIII<sup>(a),(b)</sup>  | Apidos CLO XVIII<sup>(a),(b)</sup>  | Apidos CLO XVIII<sup>(a),(b)</sup>  |
| Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 |
| 3-month Term SOFR + 1.330% <br>Floor 1.330% <br>01/22/2038<br>| &nbsp;&nbsp; 5.662% | 19000000 | &nbsp;&nbsp; 19053618 |
| Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  |
| Series 2016-24A | Series 2016-24A | Series 2016-24A | Series 2016-24A |
| 3-month Term SOFR + 2.312% <br>Floor 2.050% <br>10/20/2030<br>| &nbsp;&nbsp; 6.637% | 2900000 | &nbsp;&nbsp; 2904388 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Apollo Aviation Securitization Equity Trust<sup>(a)</sup>  | Apollo Aviation Securitization Equity Trust<sup>(a)</sup>  | Apollo Aviation Securitization Equity Trust<sup>(a)</sup>  | Apollo Aviation Securitization Equity Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 02/16/2050 | &nbsp;&nbsp; 5.943% | 1603499 | &nbsp;&nbsp; 1643797 |
| Applebee's Funding LLC/IHOP Funding LLC<sup>(a)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(a)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(a)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(a)</sup>  |
| Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 |
| 03/05/2053 | &nbsp;&nbsp; 7.824% | 2750000 | &nbsp;&nbsp; 2798024 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 06/07/2055 | &nbsp;&nbsp; 6.720% | 9265000 | &nbsp;&nbsp; 9297629 |
| Aqua Finance Trust<sup>(a)</sup>  | Aqua Finance Trust<sup>(a)</sup>  | Aqua Finance Trust<sup>(a)</sup>  | Aqua Finance Trust<sup>(a)</sup>  |
| Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A |
| 07/17/2046 | &nbsp;&nbsp; 1.900% | 185838 | &nbsp;&nbsp; 179336 |
| Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A |
| 07/17/2046 | &nbsp;&nbsp; 1.540% | 817790 | &nbsp;&nbsp; 758846 |
| Ares LXV CLO Ltd.<sup>(a),(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(a),(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(a),(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2025-65A Class A1R | Series 2025-65A Class A1R | Series 2025-65A Class A1R | Series 2025-65A Class A1R |
| 3-month Term SOFR + 1.120% <br>Floor 1.120% <br>07/25/2034<br>| &nbsp;&nbsp; 4.171% | 8000000 | &nbsp;&nbsp; 8000000 |
| Ares XXVII CLO Ltd.<sup>(a),(b)</sup>  | Ares XXVII CLO Ltd.<sup>(a),(b)</sup>  | Ares XXVII CLO Ltd.<sup>(a),(b)</sup>  | Ares XXVII CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-2A Class AR3 | Series 2024-2A Class AR3 | Series 2024-2A Class AR3 | Series 2024-2A Class AR3 |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>10/28/2034<br>| &nbsp;&nbsp; 5.464% | 12110000 | &nbsp;&nbsp; 12110073 |
| Atlas Senior Loan Fund XXI Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXI Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXI Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXI Ltd.<sup>(a),(b)</sup>  |
| Series 2023-21A Class A1 | Series 2023-21A Class A1 | Series 2023-21A Class A1 | Series 2023-21A Class A1 |
| 3-month Term SOFR + 2.200% <br>Floor 2.200% <br>07/20/2035<br>| &nbsp;&nbsp; 6.526% | 7500000 | &nbsp;&nbsp; 7517827 |
| Atlas Senior Loan Fund XXIII Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(a),(b)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(a),(b)</sup>  |
| 3-month Term SOFR + 1.530% <br>Floor 1.530% <br>07/20/2037<br>| &nbsp;&nbsp; 5.856% | 25000000 | &nbsp;&nbsp; 25091025 |
| AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 11/13/2029 | &nbsp;&nbsp; 4.620% | 1600000 | &nbsp;&nbsp; 1614212 |
| Auxilior Term Funding LLC<sup>(a)</sup>  | Auxilior Term Funding LLC<sup>(a)</sup>  | Auxilior Term Funding LLC<sup>(a)</sup>  | Auxilior Term Funding LLC<sup>(a)</sup>  |
| Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 |
| 12/15/2028 | &nbsp;&nbsp; 6.180% | 430664 | &nbsp;&nbsp; 432629 |
| Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 02/22/2028 | &nbsp;&nbsp; 5.440% | 8020000 | &nbsp;&nbsp; 8126104 |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/20/2030 | &nbsp;&nbsp; 5.360% | 5325000 | &nbsp;&nbsp; 5493255 |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 08/20/2031 | &nbsp;&nbsp; 5.120% | 670000 | &nbsp;&nbsp; 686701 |
| Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C |
| 02/20/2028 | &nbsp;&nbsp; 2.350% | 4000000 | &nbsp;&nbsp; 3864630 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Bain Capital CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/16/2037<br>| &nbsp;&nbsp; 5.868% | 3750000 | &nbsp;&nbsp; 3765053 |
| Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-2A Class CR3 | Series 2017-2A Class CR3 | Series 2017-2A Class CR3 | Series 2017-2A Class CR3 |
| 3-month Term SOFR + 2.200% <br>Floor 2.200% <br>07/25/2037<br>| &nbsp;&nbsp; 6.519% | 7000000 | &nbsp;&nbsp; 7033089 |
| Series 2020-5A Class ARR | Series 2020-5A Class ARR | Series 2020-5A Class ARR | Series 2020-5A Class ARR |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>04/20/2034<br>| &nbsp;&nbsp; 5.376% | 7160000 | &nbsp;&nbsp; 7159928 |
| Series 2022-4A Class CR | Series 2022-4A Class CR | Series 2022-4A Class CR | Series 2022-4A Class CR |
| 3-month Term SOFR + 2.050% <br>Floor 2.050% <br>10/16/2037<br>| &nbsp;&nbsp; 6.311% | 3250000 | &nbsp;&nbsp; 3261170 |
| Series 2024-4A Class C | Series 2024-4A Class C | Series 2024-4A Class C | Series 2024-4A Class C |
| 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>10/23/2037<br>| &nbsp;&nbsp; 6.219% | 8050000 | &nbsp;&nbsp; 8068748 |
| Balboa Bay Loan Funding Ltd.<sup>(a),(b)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(a),(b)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(a),(b)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 3-month Term SOFR + 1.510% <br>Floor 1.510% <br>07/20/2037<br>| &nbsp;&nbsp; 5.836% | 14000000 | &nbsp;&nbsp; 14044562 |
| Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-18A Class A2R | Series 2021-18A Class A2R | Series 2021-18A Class A2R | Series 2021-18A Class A2R |
| 3-month Term SOFR + 1.650% <br>Floor 1.650% <br>04/15/2038<br>| &nbsp;&nbsp; 5.968% | 5210000 | &nbsp;&nbsp; 5214236 |
| Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 |
| 3-month Term SOFR + 1.320% <br>Floor 1.320% <br>03/31/2038<br>| &nbsp;&nbsp; 5.600% | 17500000 | &nbsp;&nbsp; 17546637 |
| Benefit Street Partners CLO Ltd.<sup>(a),(b)</sup>  | Benefit Street Partners CLO Ltd.<sup>(a),(b)</sup>  | Benefit Street Partners CLO Ltd.<sup>(a),(b)</sup>  | Benefit Street Partners CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2015-6BR Class BR | Series 2015-6BR Class BR | Series 2015-6BR Class BR | Series 2015-6BR Class BR |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.876% | 5100000 | &nbsp;&nbsp; 5111291 |
| BHG Securitization Trust<sup>(a)</sup>  | BHG Securitization Trust<sup>(a)</sup>  | BHG Securitization Trust<sup>(a)</sup>  | BHG Securitization Trust<sup>(a)</sup>  |
| Series 2024-1CON Class A | Series 2024-1CON Class A | Series 2024-1CON Class A | Series 2024-1CON Class A |
| 04/17/2035 | &nbsp;&nbsp; 5.810% | 506891 | &nbsp;&nbsp; 520270 |
| Series 2025-2CON Class A | Series 2025-2CON Class A | Series 2025-2CON Class A | Series 2025-2CON Class A |
| 09/17/2036 | &nbsp;&nbsp; 4.840% | 2345000 | &nbsp;&nbsp; 2361627 |
| Birch Grove CLO Ltd.<sup>(a),(b)</sup>  | Birch Grove CLO Ltd.<sup>(a),(b)</sup>  | Birch Grove CLO Ltd.<sup>(a),(b)</sup>  | Birch Grove CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-10 Class A | Series 2024-10 Class A | Series 2024-10 Class A | Series 2024-10 Class A |
| 3-month Term SOFR + 1.390% <br>Floor 1.390% <br>01/22/2038<br>| &nbsp;&nbsp; 5.722% | 3250000 | &nbsp;&nbsp; 3260234 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2024-9A Class C | Series 2024-9A Class C | Series 2024-9A Class C | Series 2024-9A Class C |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>10/22/2037<br>| &nbsp;&nbsp; 6.332% | 3150000 | &nbsp;&nbsp; 3159809 |
| Series 2025-12 Class A1 | Series 2025-12 Class A1 | Series 2025-12 Class A1 | Series 2025-12 Class A1 |
| 3-month Term SOFR + 1.170% <br>Floor 1.170% <br>04/22/2038<br>| &nbsp;&nbsp; 5.492% | 6000000 | &nbsp;&nbsp; 6003630 |
| BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2018-3A Class BR | Series 2018-3A Class BR | Series 2018-3A Class BR | Series 2018-3A Class BR |
| 3-month Term SOFR + 1.850% <br>Floor 1.850% <br>10/25/2030<br>| &nbsp;&nbsp; 6.169% | 8500000 | &nbsp;&nbsp; 8529019 |
| Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>11/15/2030<br>| &nbsp;&nbsp; 5.150% | 3023894 | &nbsp;&nbsp; 3025276 |
| BlueMountain CLO XXXI Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO XXXI Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO XXXI Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO XXXI Ltd.<sup>(a),(b)</sup>  |
| Series 2021-31A Class A2 | Series 2021-31A Class A2 | Series 2021-31A Class A2 | Series 2021-31A Class A2 |
| 3-month Term SOFR + 1.662% <br>Floor 1.400% <br>04/19/2034<br>| &nbsp;&nbsp; 5.987% | 3600000 | &nbsp;&nbsp; 3601937 |
| BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  |
| Series 2017-2A Class A1AR | Series 2017-2A Class A1AR | Series 2017-2A Class A1AR | Series 2017-2A Class A1AR |
| 3-month Term SOFR + 1.262% <br>Floor 1.000% <br>10/20/2030<br>| &nbsp;&nbsp; 5.531% | 2795803 | &nbsp;&nbsp; 2799377 |
| BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust |
| Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 |
| 10/25/2027 | &nbsp;&nbsp; 4.180% | 2665000 | &nbsp;&nbsp; 2667786 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 06/26/2028 | &nbsp;&nbsp; 4.430% | 1270000 | &nbsp;&nbsp; 1279450 |
| BOF URSA Funding<sup>(a)</sup>  | BOF URSA Funding<sup>(a)</sup>  | BOF URSA Funding<sup>(a)</sup>  | BOF URSA Funding<sup>(a)</sup>  |
| Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 |
| 03/15/2028 | &nbsp;&nbsp; 5.660% | 5800000 | &nbsp;&nbsp; 5823350 |
| Bojangles Issuer LLC<sup>(a)</sup>  | Bojangles Issuer LLC<sup>(a)</sup>  | Bojangles Issuer LLC<sup>(a)</sup>  | Bojangles Issuer LLC<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 11/20/2054 | &nbsp;&nbsp; 6.584% | 700000 | &nbsp;&nbsp; 718322 |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust |
| Series 2023-1 Class A3 | Series 2023-1 Class A3 | Series 2023-1 Class A3 | Series 2023-1 Class A3 |
| 11/15/2027 | &nbsp;&nbsp; 6.510% | 759619 | &nbsp;&nbsp; 760625 |
| Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 |
| 06/15/2028 | &nbsp;&nbsp; 5.840% | 4761714 | &nbsp;&nbsp; 4782677 |
| Series 2024-3 Class B | Series 2024-3 Class B | Series 2024-3 Class B | Series 2024-3 Class B |
| 10/16/2028 | &nbsp;&nbsp; 5.370% | 1185000 | &nbsp;&nbsp; 1193302 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 12/15/2028 | &nbsp;&nbsp; 4.780% | 2125000 | &nbsp;&nbsp; 2130140 |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 01/15/2029 | &nbsp;&nbsp; 4.660% | 1110000 | &nbsp;&nbsp; 1112720 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2014-1A Class A1R2 | Series 2014-1A Class A1R2 | Series 2014-1A Class A1R2 | Series 2014-1A Class A1R2 |
| 3-month Term SOFR + 1.232% <br>Floor 0.970% <br>04/17/2031<br>| &nbsp;&nbsp; 5.554% | 379189 | &nbsp;&nbsp; 379179 |
| Series 2015-4A Class A1RR | Series 2015-4A Class A1RR | Series 2015-4A Class A1RR | Series 2015-4A Class A1RR |
| 3-month Term SOFR + 1.220% <br>Floor 1.220% <br>07/20/2032<br>| &nbsp;&nbsp; 5.546% | 5379633 | &nbsp;&nbsp; 5379741 |
| Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2019-3A Class BRR | Series 2019-3A Class BRR | Series 2019-3A Class BRR | Series 2019-3A Class BRR |
| 3-month Term SOFR + 2.600% <br>Floor 2.600% <br>04/20/2037<br>| &nbsp;&nbsp; 6.926% | 3650000 | &nbsp;&nbsp; 3670225 |
| Series 2020-1A Class BRR | Series 2020-1A Class BRR | Series 2020-1A Class BRR | Series 2020-1A Class BRR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>01/20/2038<br>| &nbsp;&nbsp; 6.076% | 1250000 | &nbsp;&nbsp; 1251351 |
| Series 2021-6A Class BR | Series 2021-6A Class BR | Series 2021-6A Class BR | Series 2021-6A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/15/2038<br>| &nbsp;&nbsp; 5.991% | 13750000 | &nbsp;&nbsp; 13818489 |
| Series 2021-7A Class A1R | Series 2021-7A Class A1R | Series 2021-7A Class A1R | Series 2021-7A Class A1R |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>04/15/2038<br>| &nbsp;&nbsp; 5.518% | 9850000 | &nbsp;&nbsp; 9859328 |
| Series 2021-7A Class BR | Series 2021-7A Class BR | Series 2021-7A Class BR | Series 2021-7A Class BR |
| 3-month Term SOFR + 1.600% <br>04/15/2040<br>| &nbsp;&nbsp; 5.918% | 7500000 | &nbsp;&nbsp; 7489597 |
| Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/25/2037<br>| &nbsp;&nbsp; 6.019% | 17250000 | &nbsp;&nbsp; 17320621 |
| Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust |
| Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 |
| 01/18/2028 | &nbsp;&nbsp; 5.050% | 2568837 | &nbsp;&nbsp; 2580764 |
| Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B |
| 02/15/2029 | &nbsp;&nbsp; 5.470% | 3040000 | &nbsp;&nbsp; 3095261 |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 |
| 10/15/2029 | &nbsp;&nbsp; 4.600% | 7030000 | &nbsp;&nbsp; 7086566 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 03/15/2030 | &nbsp;&nbsp; 4.480% | 2115000 | &nbsp;&nbsp; 2136651 |
| CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 09/17/2029 | &nbsp;&nbsp; 4.770% | 3495000 | &nbsp;&nbsp; 3513163 |
| Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  |
| Series 2023-P1 Class A3 | Series 2023-P1 Class A3 | Series 2023-P1 Class A3 | Series 2023-P1 Class A3 |
| 12/10/2027 | &nbsp;&nbsp; 5.980% | 1532086 | &nbsp;&nbsp; 1537617 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| Series 2024-P2 Class A3 | Series 2024-P2 Class A3 | Series 2024-P2 Class A3 | Series 2024-P2 Class A3 |
| 07/10/2029 | &nbsp;&nbsp; 5.330% | 1735000 | &nbsp;&nbsp; 1749792 |
| Series 2024-P4 Class A3 | Series 2024-P4 Class A3 | Series 2024-P4 Class A3 | Series 2024-P4 Class A3 |
| 01/10/2030 | &nbsp;&nbsp; 4.640% | 1135000 | &nbsp;&nbsp; 1140123 |
| Series 2025-P2 Class A4 | Series 2025-P2 Class A4 | Series 2025-P2 Class A4 | Series 2025-P2 Class A4 |
| 06/10/2031 | &nbsp;&nbsp; 4.750% | 4625000 | &nbsp;&nbsp; 4686608 |
| Castlelake Aircraft Structured Trust<sup>(a)</sup>  | Castlelake Aircraft Structured Trust<sup>(a)</sup>  | Castlelake Aircraft Structured Trust<sup>(a)</sup>  | Castlelake Aircraft Structured Trust<sup>(a)</sup>  |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 08/15/2050 | &nbsp;&nbsp; 5.465% | 3500000 | &nbsp;&nbsp; 3530605 |
| CBAM Ltd.<sup>(a),(b)</sup>  | CBAM Ltd.<sup>(a),(b)</sup>  | CBAM Ltd.<sup>(a),(b)</sup>  | CBAM Ltd.<sup>(a),(b)</sup>  |
| Series 2024-1A Class AR2 | Series 2024-1A Class AR2 | Series 2024-1A Class AR2 | Series 2024-1A Class AR2 |
| 3-month Term SOFR + 1.390% <br>Floor 1.390% <br>01/20/2038<br>| &nbsp;&nbsp; 5.716% | 9100000 | &nbsp;&nbsp; 9144444 |
| Chesapeake Funding II LLC<sup>(a)</sup>  | Chesapeake Funding II LLC<sup>(a)</sup>  | Chesapeake Funding II LLC<sup>(a)</sup>  | Chesapeake Funding II LLC<sup>(a)</sup>  |
| Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 |
| 05/15/2035 | &nbsp;&nbsp; 5.650% | 1145426 | &nbsp;&nbsp; 1152179 |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 05/15/2036 | &nbsp;&nbsp; 5.520% | 1091353 | &nbsp;&nbsp; 1102843 |
| CIFC Funding IV Ltd.<sup>(a),(b)</sup>  | CIFC Funding IV Ltd.<sup>(a),(b)</sup>  | CIFC Funding IV Ltd.<sup>(a),(b)</sup>  | CIFC Funding IV Ltd.<sup>(a),(b)</sup>  |
| Series 2015-4A Class BR2 | Series 2015-4A Class BR2 | Series 2015-4A Class BR2 | Series 2015-4A Class BR2 |
| 3-month Term SOFR + 2.162% <br>Floor 1.900% <br>04/20/2034<br>| &nbsp;&nbsp; 6.487% | 6300000 | &nbsp;&nbsp; 6313280 |
| CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2016-1A Class BR3 | Series 2016-1A Class BR3 | Series 2016-1A Class BR3 | Series 2016-1A Class BR3 |
| 3-month Term SOFR + 1.450% <br>Floor 1.450% <br>10/21/2031<br>| &nbsp;&nbsp; 5.776% | 8500000 | &nbsp;&nbsp; 8470539 |
| Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R |
| 3-month Term SOFR + 1.370% <br>Floor 1.370% <br>10/20/2037<br>| &nbsp;&nbsp; 5.696% | 39520000 | &nbsp;&nbsp; 39636189 |
| Series 2019-6A Class A2R | Series 2019-6A Class A2R | Series 2019-6A Class A2R | Series 2019-6A Class A2R |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>07/16/2037<br>| &nbsp;&nbsp; 6.018% | 2000000 | &nbsp;&nbsp; 2003134 |
| CIT Education Loan Trust<sup>(a),(b)</sup>  | CIT Education Loan Trust<sup>(a),(b)</sup>  | CIT Education Loan Trust<sup>(a),(b)</sup>  | CIT Education Loan Trust<sup>(a),(b)</sup>  |
| Series 2007-1 Class B | Series 2007-1 Class B | Series 2007-1 Class B | Series 2007-1 Class B |
| 90-day Average SOFR + 0.562% <br>Floor 0.300% <br>06/25/2042<br>| &nbsp;&nbsp; 4.903% | 224465 | &nbsp;&nbsp; 200336 |
| Citizens Auto Receivables Trust<sup>(a)</sup>  | Citizens Auto Receivables Trust<sup>(a)</sup>  | Citizens Auto Receivables Trust<sup>(a)</sup>  | Citizens Auto Receivables Trust<sup>(a)</sup>  |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 04/17/2028 | &nbsp;&nbsp; 5.110% | 1235000 | &nbsp;&nbsp; 1241983 |
| Clover CLO LLC<sup>(a),(b)</sup>  | Clover CLO LLC<sup>(a),(b)</sup>  | Clover CLO LLC<sup>(a),(b)</sup>  | Clover CLO LLC<sup>(a),(b)</sup>  |
| Series 2021-3A Class AR | Series 2021-3A Class AR | Series 2021-3A Class AR | Series 2021-3A Class AR |
| 3-month Term SOFR + 1.070% <br>Floor 1.070% <br>01/25/2035<br>| &nbsp;&nbsp; 5.389% | 10150000 | &nbsp;&nbsp; 10153492 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Commonbond Student Loan Trust<sup>(a)</sup>  | Commonbond Student Loan Trust<sup>(a)</sup>  | Commonbond Student Loan Trust<sup>(a)</sup>  | Commonbond Student Loan Trust<sup>(a)</sup>  |
| Series 2018-CGS Class B | Series 2018-CGS Class B | Series 2018-CGS Class B | Series 2018-CGS Class B |
| 02/25/2046 | &nbsp;&nbsp; 4.250% | 73679 | &nbsp;&nbsp; 70867 |
| Series 2020-AGS Class A | Series 2020-AGS Class A | Series 2020-AGS Class A | Series 2020-AGS Class A |
| 08/25/2050 | &nbsp;&nbsp; 1.980% | 675552 | &nbsp;&nbsp; 593117 |
| Compass Datacenters Issuer II LLC<sup>(a)</sup>  | Compass Datacenters Issuer II LLC<sup>(a)</sup>  | Compass Datacenters Issuer II LLC<sup>(a)</sup>  | Compass Datacenters Issuer II LLC<sup>(a)</sup>  |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 08/25/2049 | &nbsp;&nbsp; 5.022% | 1745000 | &nbsp;&nbsp; 1755094 |
| Compass Datacenters Issuer III LLC<sup>(a)</sup>  | Compass Datacenters Issuer III LLC<sup>(a)</sup>  | Compass Datacenters Issuer III LLC<sup>(a)</sup>  | Compass Datacenters Issuer III LLC<sup>(a)</sup>  |
| Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 |
| 02/25/2050 | &nbsp;&nbsp; 5.656% | 1195000 | &nbsp;&nbsp; 1216242 |
| Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 05/20/2055 | &nbsp;&nbsp; 6.000% | 2990000 | &nbsp;&nbsp; 3082639 |
| CQS US CLO Ltd.<sup>(a),(b)</sup>  | CQS US CLO Ltd.<sup>(a),(b)</sup>  | CQS US CLO Ltd.<sup>(a),(b)</sup>  | CQS US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 |
| 3-month Term SOFR + 1.890% <br>Floor 1.890% <br>01/25/2037<br>| &nbsp;&nbsp; 6.209% | 20000000 | &nbsp;&nbsp; 20063700 |
| Credit Acceptance Auto Loan Trust<sup>(a)</sup>  | Credit Acceptance Auto Loan Trust<sup>(a)</sup>  | Credit Acceptance Auto Loan Trust<sup>(a)</sup>  | Credit Acceptance Auto Loan Trust<sup>(a)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 03/15/2033 | &nbsp;&nbsp; 6.480% | 1879963 | &nbsp;&nbsp; 1887287 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 06/15/2034 | &nbsp;&nbsp; 5.950% | 4260000 | &nbsp;&nbsp; 4344580 |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 03/15/2035 | &nbsp;&nbsp; 5.020% | 3145000 | &nbsp;&nbsp; 3166667 |
| Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B |
| 07/15/2033 | &nbsp;&nbsp; 6.610% | 1215000 | &nbsp;&nbsp; 1229836 |
| Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C |
| 12/15/2033 | &nbsp;&nbsp; 7.620% | 695000 | &nbsp;&nbsp; 720927 |
| Crestline Denali CLO XVII Ltd.<sup>(a),(b)</sup>  | Crestline Denali CLO XVII Ltd.<sup>(a),(b)</sup>  | Crestline Denali CLO XVII Ltd.<sup>(a),(b)</sup>  | Crestline Denali CLO XVII Ltd.<sup>(a),(b)</sup>  |
| Series 2018-1A Class ARR | Series 2018-1A Class ARR | Series 2018-1A Class ARR | Series 2018-1A Class ARR |
| 3-month Term SOFR + 1.130% <br>Floor 1.130% <br>10/15/2031<br>| &nbsp;&nbsp; 5.448% | 2393117 | &nbsp;&nbsp; 2394084 |
| Crockett Partners Equipment Co. IIA LLC<sup>(a)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(a)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(a)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(a)</sup>  |
| Series 2024-1C Class A | Series 2024-1C Class A | Series 2024-1C Class A | Series 2024-1C Class A |
| 01/20/2031 | &nbsp;&nbsp; 6.050% | 2541591 | &nbsp;&nbsp; 2573712 |
| CyrusOne Data Centers Issuer I LLC<sup>(a)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(a)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(a)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 02/20/2050 | &nbsp;&nbsp; 5.910% | 3305000 | &nbsp;&nbsp; 3386606 |
| DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  |
| Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 |
| 02/25/2053 | &nbsp;&nbsp; 5.116% | 3400000 | &nbsp;&nbsp; 3394204 |
| DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  |
| Series 2017-1A Class A2II | Series 2017-1A Class A2II | Series 2017-1A Class A2II | Series 2017-1A Class A2II |
| 11/20/2047 | &nbsp;&nbsp; 4.030% | 1156250 | &nbsp;&nbsp; 1139633 |
| Series 2019-1A Class A23 | Series 2019-1A Class A23 | Series 2019-1A Class A23 | Series 2019-1A Class A23 |
| 05/20/2049 | &nbsp;&nbsp; 4.352% | 1128000 | &nbsp;&nbsp; 1109229 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  |
| Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 |
| 04/23/2029 | &nbsp;&nbsp; 5.930% | 3596570 | &nbsp;&nbsp; 3617735 |
| Dewolf Park CLO Ltd.<sup>(a),(b)</sup>  | Dewolf Park CLO Ltd.<sup>(a),(b)</sup>  | Dewolf Park CLO Ltd.<sup>(a),(b)</sup>  | Dewolf Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class AR | Series 2021-1A Class AR | Series 2021-1A Class AR | Series 2021-1A Class AR |
| 3-month Term SOFR + 1.182% <br>Floor 0.920% <br>10/15/2030<br>| &nbsp;&nbsp; 5.499% | 864984 | &nbsp;&nbsp; 865234 |
| DLLMT LLC<sup>(a)</sup>  | DLLMT LLC<sup>(a)</sup>  | DLLMT LLC<sup>(a)</sup>  | DLLMT LLC<sup>(a)</sup>  |
| Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 |
| 03/22/2027 | &nbsp;&nbsp; 5.340% | 2679093 | &nbsp;&nbsp; 2690870 |
| Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust |
| Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B |
| 07/16/2029 | &nbsp;&nbsp; 4.520% | 3755000 | &nbsp;&nbsp; 3762417 |
| Driven Brands Funding LLC<sup>(a)</sup>  | Driven Brands Funding LLC<sup>(a)</sup>  | Driven Brands Funding LLC<sup>(a)</sup>  | Driven Brands Funding LLC<sup>(a)</sup>  |
| Series 2019-1A Class A2 | Series 2019-1A Class A2 | Series 2019-1A Class A2 | Series 2019-1A Class A2 |
| 04/20/2049 | &nbsp;&nbsp; 4.641% | 1642057 | &nbsp;&nbsp; 1638048 |
| Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2019-75A Class CR2 | Series 2019-75A Class CR2 | Series 2019-75A Class CR2 | Series 2019-75A Class CR2 |
| 3-month Term SOFR + 2.062% <br>Floor 1.800% <br>04/15/2034<br>| &nbsp;&nbsp; 6.379% | 5000000 | &nbsp;&nbsp; 5001790 |
| Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  |
| Series 2015-40A Class AR2 | Series 2015-40A Class AR2 | Series 2015-40A Class AR2 | Series 2015-40A Class AR2 |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>08/15/2031<br>| &nbsp;&nbsp; 5.361% | 4366734 | &nbsp;&nbsp; 4369751 |
| DT Auto Owner Trust<sup>(a)</sup>  | DT Auto Owner Trust<sup>(a)</sup>  | DT Auto Owner Trust<sup>(a)</sup>  | DT Auto Owner Trust<sup>(a)</sup>  |
| Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B |
| 02/15/2029 | &nbsp;&nbsp; 5.410% | 426651 | &nbsp;&nbsp; 426771 |
| Elevation CLO Ltd.<sup>(a),(b),(c)</sup>  | Elevation CLO Ltd.<sup>(a),(b),(c)</sup>  | Elevation CLO Ltd.<sup>(a),(b),(c)</sup>  | Elevation CLO Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/25/2038<br>| &nbsp;&nbsp; 5.630% | 5100000 | &nbsp;&nbsp; 5100000 |
| Elevation CLO Ltd.<sup>(a),(b)</sup>  | Elevation CLO Ltd.<sup>(a),(b)</sup>  | Elevation CLO Ltd.<sup>(a),(b)</sup>  | Elevation CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-12A Class A1R | Series 2021-12A Class A1R | Series 2021-12A Class A1R | Series 2021-12A Class A1R |
| 3-month Term SOFR + 1.620% <br>Floor 1.620% <br>04/20/2037<br>| &nbsp;&nbsp; 5.890% | 30000000 | &nbsp;&nbsp; 30072030 |
| Series 2025-18A Class B | Series 2025-18A Class B | Series 2025-18A Class B | Series 2025-18A Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>03/28/2038<br>| &nbsp;&nbsp; 5.990% | 10000000 | &nbsp;&nbsp; 10015970 |
| ELFI Graduate Loan Program LLC<sup>(a)</sup>  | ELFI Graduate Loan Program LLC<sup>(a)</sup>  | ELFI Graduate Loan Program LLC<sup>(a)</sup>  | ELFI Graduate Loan Program LLC<sup>(a)</sup>  |
| Series 2019-A Class A | Series 2019-A Class A | Series 2019-A Class A | Series 2019-A Class A |
| 03/25/2044 | &nbsp;&nbsp; 2.540% | 489043 | &nbsp;&nbsp; 469532 |
| Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A |
| 02/04/2048 | &nbsp;&nbsp; 6.370% | 3480474 | &nbsp;&nbsp; 3638454 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ELFI Graduate Loan Program LLC<sup>(a),(d)</sup>  | ELFI Graduate Loan Program LLC<sup>(a),(d)</sup>  | ELFI Graduate Loan Program LLC<sup>(a),(d)</sup>  | ELFI Graduate Loan Program LLC<sup>(a),(d)</sup>  |
| Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B |
| 03/25/2044 | &nbsp;&nbsp; 2.940% | 242284 | &nbsp;&nbsp; 223280 |
| Elmwood CLO 30 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 30 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 30 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 30 Ltd.<sup>(a),(b)</sup>  |
| Series 2024-6A Class A | Series 2024-6A Class A | Series 2024-6A Class A | Series 2024-6A Class A |
| 3-month Term SOFR + 1.430% <br>Floor 1.430% <br>07/17/2037<br>| &nbsp;&nbsp; 5.752% | 14000000 | &nbsp;&nbsp; 14043050 |
| Elmwood CLO 39 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 39 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 39 Ltd.<sup>(a),(b)</sup>  | Elmwood CLO 39 Ltd.<sup>(a),(b)</sup>  |
| Series 2025-2A Class A1 | Series 2025-2A Class A1 | Series 2025-2A Class A1 | Series 2025-2A Class A1 |
| 3-month Term SOFR + 1.140% <br>Floor 1.140% <br>04/17/2038<br>| &nbsp;&nbsp; 5.470% | 19000000 | &nbsp;&nbsp; 19074176 |
| Elmwood CLO IX Ltd.<sup>(a),(b)</sup>  | Elmwood CLO IX Ltd.<sup>(a),(b)</sup>  | Elmwood CLO IX Ltd.<sup>(a),(b)</sup>  | Elmwood CLO IX Ltd.<sup>(a),(b)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.876% | 6520000 | &nbsp;&nbsp; 6535576 |
| Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A |
| 3-month Term SOFR + 1.240% <br>Floor 1.240% <br>03/22/2038<br>| &nbsp;&nbsp; 5.530% | 20000000 | &nbsp;&nbsp; 20029720 |
| Elmwood CLO XI Ltd.<sup>(a),(b)</sup>  | Elmwood CLO XI Ltd.<sup>(a),(b)</sup>  | Elmwood CLO XI Ltd.<sup>(a),(b)</sup>  | Elmwood CLO XI Ltd.<sup>(a),(b)</sup>  |
| Series 2021-4A Class BR | Series 2021-4A Class BR | Series 2021-4A Class BR | Series 2021-4A Class BR |
| 3-month Term SOFR + 1.550% <br>01/20/2038<br>| &nbsp;&nbsp; 5.876% | 3270000 | &nbsp;&nbsp; 3275533 |
| Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 09/20/2029 | &nbsp;&nbsp; 4.460% | 3960000 | &nbsp;&nbsp; 3988716 |
| Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  | Enterprise Fleet Financing LLC<sup>(a)</sup>  |
| Series 2022-3 Class A2 | Series 2022-3 Class A2 | Series 2022-3 Class A2 | Series 2022-3 Class A2 |
| 07/20/2029 | &nbsp;&nbsp; 4.380% | 143901 | &nbsp;&nbsp; 143872 |
| Series 2023-2 Class A2 | Series 2023-2 Class A2 | Series 2023-2 Class A2 | Series 2023-2 Class A2 |
| 04/22/2030 | &nbsp;&nbsp; 5.560% | 1161945 | &nbsp;&nbsp; 1169541 |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 09/20/2030 | &nbsp;&nbsp; 5.160% | 1265000 | &nbsp;&nbsp; 1289787 |
| Series 2024-3 Class A4 | Series 2024-3 Class A4 | Series 2024-3 Class A4 | Series 2024-3 Class A4 |
| 03/20/2031 | &nbsp;&nbsp; 5.060% | 2190000 | &nbsp;&nbsp; 2240516 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 02/20/2029 | &nbsp;&nbsp; 4.820% | 1635000 | &nbsp;&nbsp; 1662944 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.740% | 5810000 | &nbsp;&nbsp; 5831136 |
| Series 2025-4A Class A3 | Series 2025-4A Class A3 | Series 2025-4A Class A3 | Series 2025-4A Class A3 |
| 09/17/2029 | &nbsp;&nbsp; 4.390% | 805000 | &nbsp;&nbsp; 807114 |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 08/15/2028 | &nbsp;&nbsp; 5.290% | 6373013 | &nbsp;&nbsp; 6383045 |
| Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C |
| 08/15/2030 | &nbsp;&nbsp; 5.480% | 2075000 | &nbsp;&nbsp; 2097339 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 04/15/2030 | &nbsp;&nbsp; 4.690% | 945000 | &nbsp;&nbsp; 950061 |
| Flagship Credit Auto Trust<sup>(a)</sup>  | Flagship Credit Auto Trust<sup>(a)</sup>  | Flagship Credit Auto Trust<sup>(a)</sup>  | Flagship Credit Auto Trust<sup>(a)</sup>  |
| Series 2022-4 Class A3 | Series 2022-4 Class A3 | Series 2022-4 Class A3 | Series 2022-4 Class A3 |
| 06/15/2027 | &nbsp;&nbsp; 6.320% | 44281 | &nbsp;&nbsp; 44316 |
| Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C |
| 05/15/2029 | &nbsp;&nbsp; 5.810% | 3240000 | &nbsp;&nbsp; 3260379 |
| Flatiron CLO Ltd.<sup>(a),(b)</sup>  | Flatiron CLO Ltd.<sup>(a),(b)</sup>  | Flatiron CLO Ltd.<sup>(a),(b)</sup>  | Flatiron CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>10/19/2037<br>| &nbsp;&nbsp; 6.326% | 2000000 | &nbsp;&nbsp; 2004454 |
| Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 11/27/2051 | &nbsp;&nbsp; 3.250% | 4421000 | &nbsp;&nbsp; 4301822 |
| Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 06/15/2028 | &nbsp;&nbsp; 4.720% | 2055000 | &nbsp;&nbsp; 2073120 |
| Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  |
| Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A |
| 10/17/2033 | &nbsp;&nbsp; 1.370% | 3415000 | &nbsp;&nbsp; 3353123 |
| Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C |
| 05/15/2034 | &nbsp;&nbsp; 2.110% | 3900000 | &nbsp;&nbsp; 3774065 |
| Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D |
| 05/15/2034 | &nbsp;&nbsp; 2.600% | 2300000 | &nbsp;&nbsp; 2236797 |
| Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C |
| 08/15/2035 | &nbsp;&nbsp; 5.580% | 3900000 | &nbsp;&nbsp; 3995702 |
| Frontier Issuer LLC<sup>(a)</sup>  | Frontier Issuer LLC<sup>(a)</sup>  | Frontier Issuer LLC<sup>(a)</sup>  | Frontier Issuer LLC<sup>(a)</sup>  |
| Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 |
| 08/20/2053 | &nbsp;&nbsp; 6.600% | 4475000 | &nbsp;&nbsp; 4547145 |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 06/20/2054 | &nbsp;&nbsp; 6.190% | 2060000 | &nbsp;&nbsp; 2110068 |
| Galaxy XXII CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXII CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXII CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXII CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-22A Class ARRR | Series 2016-22A Class ARRR | Series 2016-22A Class ARRR | Series 2016-22A Class ARRR |
| 3-month Term SOFR + 1.240% <br>Floor 1.240% <br>04/16/2034<br>| &nbsp;&nbsp; 5.887% | 3740000 | &nbsp;&nbsp; 3743385 |
| Galaxy XXVI CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXVI CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXVI CLO Ltd.<sup>(a),(b)</sup>  | Galaxy XXVI CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2018-26A Class AR | Series 2018-26A Class AR | Series 2018-26A Class AR | Series 2018-26A Class AR |
| 3-month Term SOFR + 1.170% <br>Floor 1.170%, Cap 1.170% <br>11/22/2031<br>| &nbsp;&nbsp; 5.374% | 1287109 | &nbsp;&nbsp; 1287100 |
| GECU Auto Receivables Trust<sup>(a)</sup>  | GECU Auto Receivables Trust<sup>(a)</sup>  | GECU Auto Receivables Trust<sup>(a)</sup>  | GECU Auto Receivables Trust<sup>(a)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 5.630% | 2249963 | &nbsp;&nbsp; 2259080 |
| GLS Auto Receivables Issuer Trust<sup>(a)</sup>  | GLS Auto Receivables Issuer Trust<sup>(a)</sup>  | GLS Auto Receivables Issuer Trust<sup>(a)</sup>  | GLS Auto Receivables Issuer Trust<sup>(a)</sup>  |
| Series 2024-4A Class A3 | Series 2024-4A Class A3 | Series 2024-4A Class A3 | Series 2024-4A Class A3 |
| 07/17/2028 | &nbsp;&nbsp; 4.750% | 1230000 | &nbsp;&nbsp; 1231990 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 01/15/2031 | &nbsp;&nbsp; 5.110% | 1355000 | &nbsp;&nbsp; 1374848 |
| Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B |
| 11/15/2028 | &nbsp;&nbsp; 5.770% | 3445000 | &nbsp;&nbsp; 3478493 |
| Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B |
| 01/16/2029 | &nbsp;&nbsp; 5.080% | 1850000 | &nbsp;&nbsp; 1863266 |
| GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/17/2030 | &nbsp;&nbsp; 5.580% | 565386 | &nbsp;&nbsp; 571903 |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 10/15/2029 | &nbsp;&nbsp; 5.590% | 2016923 | &nbsp;&nbsp; 2038217 |
| Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 1486272 | &nbsp;&nbsp; 1488025 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 04/15/2030 | &nbsp;&nbsp; 4.710% | 1992111 | &nbsp;&nbsp; 1996770 |
| Series 2025-3A Class A2 | Series 2025-3A Class A2 | Series 2025-3A Class A2 | Series 2025-3A Class A2 |
| 10/15/2030 | &nbsp;&nbsp; 4.460% | 1680000 | &nbsp;&nbsp; 1682017 |
| GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 02/21/2028 | &nbsp;&nbsp; 4.660% | 2780000 | &nbsp;&nbsp; 2799396 |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 08/21/2028 | &nbsp;&nbsp; 4.170% | 3550000 | &nbsp;&nbsp; 3561260 |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust |
| Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B |
| 04/16/2029 | &nbsp;&nbsp; 6.160% | 2800000 | &nbsp;&nbsp; 2881535 |
| Goal Capital Funding Trust<sup>(b)</sup>  | Goal Capital Funding Trust<sup>(b)</sup>  | Goal Capital Funding Trust<sup>(b)</sup>  | Goal Capital Funding Trust<sup>(b)</sup>  |
| Series 2006-1 Class B | Series 2006-1 Class B | Series 2006-1 Class B | Series 2006-1 Class B |
| 3-month Term SOFR + 0.712% <br>Floor 0.450% <br>08/25/2042<br>| &nbsp;&nbsp; 4.908% | 291375 | &nbsp;&nbsp; 276949 |
| Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2020-8A Class ARR | Series 2020-8A Class ARR | Series 2020-8A Class ARR | Series 2020-8A Class ARR |
| 3-month Term SOFR + 1.150% <br>10/20/2034<br>| &nbsp;&nbsp; 5.476% | 10550000 | &nbsp;&nbsp; 10564031 |
| GoodLeap Sustainable Home Solutions Trust<sup>(a)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(a)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(a)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(a)</sup>  |
| Series 2021-3CS Class A | Series 2021-3CS Class A | Series 2021-3CS Class A | Series 2021-3CS Class A |
| 05/20/2048 | &nbsp;&nbsp; 2.100% | 2360098 | &nbsp;&nbsp; 1883706 |
| Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  |
| Series 2021-2 Class AR | Series 2021-2 Class AR | Series 2021-2 Class AR | Series 2021-2 Class AR |
| 3-month Term SOFR + 1.370% <br>Floor 1.370% <br>07/20/2037<br>| &nbsp;&nbsp; 5.667% | 6950000 | &nbsp;&nbsp; 6986745 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 |
| 10/27/2059 | &nbsp;&nbsp; 5.150% | 407513 | &nbsp;&nbsp; 413159 |
| GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 06/25/2059 | &nbsp;&nbsp; 5.550% | 1745000 | &nbsp;&nbsp; 1799854 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Greywolf CLO VII Ltd.<sup>(a),(b)</sup>  | Greywolf CLO VII Ltd.<sup>(a),(b)</sup>  | Greywolf CLO VII Ltd.<sup>(a),(b)</sup>  | Greywolf CLO VII Ltd.<sup>(a),(b)</sup>  |
| Series 2018-2A Class A1 | Series 2018-2A Class A1 | Series 2018-2A Class A1 | Series 2018-2A Class A1 |
| 3-month Term SOFR + 1.440% <br>Floor 1.180% <br>10/20/2031<br>| &nbsp;&nbsp; 5.766% | 1714057 | &nbsp;&nbsp; 1713290 |
| Hayfin US XV Ltd.<sup>(a),(b)</sup>  | Hayfin US XV Ltd.<sup>(a),(b)</sup>  | Hayfin US XV Ltd.<sup>(a),(b)</sup>  | Hayfin US XV Ltd.<sup>(a),(b)</sup>  |
| Series 2024-15A Class A1 | Series 2024-15A Class A1 | Series 2024-15A Class A1 | Series 2024-15A Class A1 |
| 3-month Term SOFR + 1.640% <br>Floor 1.640% <br>04/28/2037<br>| &nbsp;&nbsp; 5.954% | 24750000 | &nbsp;&nbsp; 24815414 |
| Helios Issuer LLC<sup>(a)</sup>  | Helios Issuer LLC<sup>(a)</sup>  | Helios Issuer LLC<sup>(a)</sup>  | Helios Issuer LLC<sup>(a)</sup>  |
| Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A |
| 06/20/2047 | &nbsp;&nbsp; 2.980% | 869438 | &nbsp;&nbsp; 761308 |
| Henderson Receivables LLC<sup>(a)</sup>  | Henderson Receivables LLC<sup>(a)</sup>  | Henderson Receivables LLC<sup>(a)</sup>  | Henderson Receivables LLC<sup>(a)</sup>  |
| Series 2013-3A Class A | Series 2013-3A Class A | Series 2013-3A Class A | Series 2013-3A Class A |
| 01/17/2073 | &nbsp;&nbsp; 4.080% | 1161655 | &nbsp;&nbsp; 1098711 |
| Series 2014-2A Class A | Series 2014-2A Class A | Series 2014-2A Class A | Series 2014-2A Class A |
| 01/17/2073 | &nbsp;&nbsp; 3.610% | 1441541 | &nbsp;&nbsp; 1290561 |
| Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 02/25/2028 | &nbsp;&nbsp; 5.940% | 4660000 | &nbsp;&nbsp; 4738127 |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 01/25/2029 | &nbsp;&nbsp; 5.440% | 3815000 | &nbsp;&nbsp; 3882359 |
| Hertz Vehicle Financing LLC<sup>(a)</sup>  | Hertz Vehicle Financing LLC<sup>(a)</sup>  | Hertz Vehicle Financing LLC<sup>(a)</sup>  | Hertz Vehicle Financing LLC<sup>(a)</sup>  |
| Series 2022-2A Class A | Series 2022-2A Class A | Series 2022-2A Class A | Series 2022-2A Class A |
| 06/26/2028 | &nbsp;&nbsp; 2.330% | 3830000 | &nbsp;&nbsp; 3704950 |
| Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  |
| Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C |
| 01/25/2037 | &nbsp;&nbsp; 5.570% | 106734 | &nbsp;&nbsp; 107605 |
| HPS Loan Management Ltd.<sup>(a),(b)</sup>  | HPS Loan Management Ltd.<sup>(a),(b)</sup>  | HPS Loan Management Ltd.<sup>(a),(b)</sup>  | HPS Loan Management Ltd.<sup>(a),(b)</sup>  |
| Series 2024-21A Class B | Series 2024-21A Class B | Series 2024-21A Class B | Series 2024-21A Class B |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>10/15/2037<br>| &nbsp;&nbsp; 6.068% | 13000000 | &nbsp;&nbsp; 13034112 |
| Huntington Auto Trust<sup>(a)</sup>  | Huntington Auto Trust<sup>(a)</sup>  | Huntington Auto Trust<sup>(a)</sup>  | Huntington Auto Trust<sup>(a)</sup>  |
| Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 5.230% | 2260000 | &nbsp;&nbsp; 2278007 |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 |
| 12/17/2029 | &nbsp;&nbsp; 4.360% | 1615000 | &nbsp;&nbsp; 1629022 |
| Invesco CLO Ltd.<sup>(a),(b),(c)</sup>  | Invesco CLO Ltd.<sup>(a),(b),(c)</sup>  | Invesco CLO Ltd.<sup>(a),(b),(c)</sup>  | Invesco CLO Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>07/15/2034<br>| &nbsp;&nbsp; 4.196% | 4000000 | &nbsp;&nbsp; 4000000 |
| Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 02/15/2055 | &nbsp;&nbsp; 5.636% | 2985000 | &nbsp;&nbsp; 3067630 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Kayne Ltd.<sup>(a),(b)</sup>  | Kayne Ltd.<sup>(a),(b)</sup>  | Kayne Ltd.<sup>(a),(b)</sup>  | Kayne Ltd.<sup>(a),(b)</sup>  |
| Series 2021-10A Class C | Series 2021-10A Class C | Series 2021-10A Class C | Series 2021-10A Class C |
| 3-month Term SOFR + 2.012% <br>Floor 1.750% <br>04/23/2034<br>| &nbsp;&nbsp; 6.331% | 1600000 | &nbsp;&nbsp; 1601600 |
| LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  |
| Series 2024-1A Class A4 | Series 2024-1A Class A4 | Series 2024-1A Class A4 | Series 2024-1A Class A4 |
| 09/15/2028 | &nbsp;&nbsp; 5.170% | 1015000 | &nbsp;&nbsp; 1022100 |
| Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 5.610% | 2077050 | &nbsp;&nbsp; 2090785 |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 03/15/2029 | &nbsp;&nbsp; 4.520% | 1610000 | &nbsp;&nbsp; 1614649 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 07/16/2029 | &nbsp;&nbsp; 4.690% | 4465000 | &nbsp;&nbsp; 4481083 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 01/15/2030 | &nbsp;&nbsp; 4.250% | 1440000 | &nbsp;&nbsp; 1442159 |
| Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B |
| 10/16/2028 | &nbsp;&nbsp; 6.390% | 1515000 | &nbsp;&nbsp; 1528626 |
| Lakeside Park CLO Ltd.<sup>(a),(b)</sup>  | Lakeside Park CLO Ltd.<sup>(a),(b)</sup>  | Lakeside Park CLO Ltd.<sup>(a),(b)</sup>  | Lakeside Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-1A Class B1 | Series 2025-1A Class B1 | Series 2025-1A Class B1 | Series 2025-1A Class B1 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/15/2038<br>| &nbsp;&nbsp; 5.840% | 3660000 | &nbsp;&nbsp; 3666958 |
| LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  |
| Series 2030A Class AR | Series 2030A Class AR | Series 2030A Class AR | Series 2030A Class AR |
| 3-month Term SOFR + 1.342% <br>Floor 1.080% <br>04/20/2031<br>| &nbsp;&nbsp; 5.667% | 1371917 | &nbsp;&nbsp; 1373619 |
| Lending Funding Trust<sup>(a)</sup>  | Lending Funding Trust<sup>(a)</sup>  | Lending Funding Trust<sup>(a)</sup>  | Lending Funding Trust<sup>(a)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 04/21/2031 | &nbsp;&nbsp; 2.320% | 700000 | &nbsp;&nbsp; 685310 |
| Lendmark Funding Trust<sup>(a)</sup>  | Lendmark Funding Trust<sup>(a)</sup>  | Lendmark Funding Trust<sup>(a)</sup>  | Lendmark Funding Trust<sup>(a)</sup>  |
| Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A |
| 11/20/2031 | &nbsp;&nbsp; 1.900% | 5000000 | &nbsp;&nbsp; 4818632 |
| Loanpal Solar Loan Ltd.<sup>(a)</sup>  | Loanpal Solar Loan Ltd.<sup>(a)</sup>  | Loanpal Solar Loan Ltd.<sup>(a)</sup>  | Loanpal Solar Loan Ltd.<sup>(a)</sup>  |
| Series 2020-2GF Class A | Series 2020-2GF Class A | Series 2020-2GF Class A | Series 2020-2GF Class A |
| 07/20/2047 | &nbsp;&nbsp; 2.750% | 1139206 | &nbsp;&nbsp; 966051 |
| M&T Bank Auto Receivables Trust<sup>(a)</sup>  | M&T Bank Auto Receivables Trust<sup>(a)</sup>  | M&T Bank Auto Receivables Trust<sup>(a)</sup>  | M&T Bank Auto Receivables Trust<sup>(a)</sup>  |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 06/17/2030 | &nbsp;&nbsp; 4.730% | 1425000 | &nbsp;&nbsp; 1440763 |
| M&T Equipment Notes<sup>(a)</sup>  | M&T Equipment Notes<sup>(a)</sup>  | M&T Equipment Notes<sup>(a)</sup>  | M&T Equipment Notes<sup>(a)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 07/15/2030 | &nbsp;&nbsp; 5.740% | 1675402 | &nbsp;&nbsp; 1684972 |
| Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  |
| Series 2021-48A Class A | Series 2021-48A Class A | Series 2021-48A Class A | Series 2021-48A Class A |
| 3-month Term SOFR + 1.412% <br>Floor 1.150% <br>04/19/2033<br>| &nbsp;&nbsp; 5.737% | 5850914 | &nbsp;&nbsp; 5863212 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2021-48A Class C | Series 2021-48A Class C | Series 2021-48A Class C | Series 2021-48A Class C |
| 3-month Term SOFR + 2.262% <br>Floor 2.000% <br>04/19/2033<br>| &nbsp;&nbsp; 6.587% | 1520000 | &nbsp;&nbsp; 1521988 |
| Madison Park Funding XXI Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXI Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXI Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXI Ltd.<sup>(a),(b)</sup>  |
| Series 2016-21A Class AARR | Series 2016-21A Class AARR | Series 2016-21A Class AARR | Series 2016-21A Class AARR |
| 3-month Term SOFR + 1.342% <br>Floor 1.080% <br>10/15/2032<br>| &nbsp;&nbsp; 5.659% | 16533492 | &nbsp;&nbsp; 16539344 |
| Series 2016-21A Class ABRR | Series 2016-21A Class ABRR | Series 2016-21A Class ABRR | Series 2016-21A Class ABRR |
| 3-month Term SOFR + 1.662% <br>Floor 1.400% <br>10/15/2032<br>| &nbsp;&nbsp; 5.979% | 1750000 | &nbsp;&nbsp; 1751468 |
| Madison Park Funding XXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(a),(b)</sup>  |
| Series 2018-28A Class BR | Series 2018-28A Class BR | Series 2018-28A Class BR | Series 2018-28A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/15/2038<br>| &nbsp;&nbsp; 6.018% | 17000000 | &nbsp;&nbsp; 17065892 |
| Madison Park Funding XXX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXX Ltd.<sup>(a),(b)</sup>  |
| Series 2024-30A Class A1R | Series 2024-30A Class A1R | Series 2024-30A Class A1R | Series 2024-30A Class A1R |
| 3-month Term SOFR + 1.360% <br>Floor 1.360% <br>07/16/2037<br>| &nbsp;&nbsp; 5.678% | 6000000 | &nbsp;&nbsp; 6019800 |
| Madison Park Funding XXXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXVIII Ltd.<sup>(a),(b)</sup>  |
| Series 2021-38A Class A | Series 2021-38A Class A | Series 2021-38A Class A | Series 2021-38A Class A |
| 3-month Term SOFR + 1.382% <br>Floor 1.120% <br>07/17/2034<br>| &nbsp;&nbsp; 5.704% | 15000000 | &nbsp;&nbsp; 15013575 |
| Magnetite XLV Ltd.<sup>(a),(b)</sup>  | Magnetite XLV Ltd.<sup>(a),(b)</sup>  | Magnetite XLV Ltd.<sup>(a),(b)</sup>  | Magnetite XLV Ltd.<sup>(a),(b)</sup>  |
| Series 2025-45 Class B | Series 2025-45 Class B | Series 2025-45 Class B | Series 2025-45 Class B |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/15/2038<br>| &nbsp;&nbsp; 5.847% | 3910000 | &nbsp;&nbsp; 3920858 |
| Marble Point CLO XIX Ltd.<sup>(a),(b)</sup>  | Marble Point CLO XIX Ltd.<sup>(a),(b)</sup>  | Marble Point CLO XIX Ltd.<sup>(a),(b)</sup>  | Marble Point CLO XIX Ltd.<sup>(a),(b)</sup>  |
| Series 2020-3A Class AR | Series 2020-3A Class AR | Series 2020-3A Class AR | Series 2020-3A Class AR |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>01/19/2034<br>| &nbsp;&nbsp; 5.726% | 7000000 | &nbsp;&nbsp; 7002114 |
| Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority |
| Series 2018-A Class A | Series 2018-A Class A | Series 2018-A Class A | Series 2018-A Class A |
| 05/25/2033 | &nbsp;&nbsp; 3.850% | 782183 | &nbsp;&nbsp; 752189 |
| Merchants Fleet Funding LLC<sup>(a)</sup>  | Merchants Fleet Funding LLC<sup>(a)</sup>  | Merchants Fleet Funding LLC<sup>(a)</sup>  | Merchants Fleet Funding LLC<sup>(a)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 05/20/2036 | &nbsp;&nbsp; 7.210% | 2200927 | &nbsp;&nbsp; 2214052 |
| Mercury Financial Credit Card Master Trust<sup>(a)</sup>  | Mercury Financial Credit Card Master Trust<sup>(a)</sup>  | Mercury Financial Credit Card Master Trust<sup>(a)</sup>  | Mercury Financial Credit Card Master Trust<sup>(a)</sup>  |
| Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 07/20/2029 | &nbsp;&nbsp; 6.560% | 3155000 | &nbsp;&nbsp; 3194396 |
| MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 08/20/2055 | &nbsp;&nbsp; 5.400% | 2015000 | &nbsp;&nbsp; 2033515 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  |
| Series 2024-FL14 Class A | Series 2024-FL14 Class A | Series 2024-FL14 Class A | Series 2024-FL14 Class A |
| 1-month Term SOFR + 1.737% <br>Floor 1.737%, Cap 1.737% <br>03/19/2039<br>| &nbsp;&nbsp; 6.100% | 3000000 | &nbsp;&nbsp; 3013133 |
| MF1 Ltd.<sup>(a),(b)</sup>  | MF1 Ltd.<sup>(a),(b)</sup>  | MF1 Ltd.<sup>(a),(b)</sup>  | MF1 Ltd.<sup>(a),(b)</sup>  |
| Series 2021-FL6 Class D | Series 2021-FL6 Class D | Series 2021-FL6 Class D | Series 2021-FL6 Class D |
| 1-month Term SOFR + 2.664% <br>Floor 2.550% <br>07/16/2036<br>| &nbsp;&nbsp; 7.024% | 7000000 | &nbsp;&nbsp; 6855603 |
| Mid-State Capital Corp. Trust<sup>(a)</sup>  | Mid-State Capital Corp. Trust<sup>(a)</sup>  | Mid-State Capital Corp. Trust<sup>(a)</sup>  | Mid-State Capital Corp. Trust<sup>(a)</sup>  |
| Series 2006-1 Class A | Series 2006-1 Class A | Series 2006-1 Class A | Series 2006-1 Class A |
| 10/15/2040 | &nbsp;&nbsp; 5.787% | 343911 | &nbsp;&nbsp; 345079 |
| Mill City Solar Loan Ltd.<sup>(a)</sup>  | Mill City Solar Loan Ltd.<sup>(a)</sup>  | Mill City Solar Loan Ltd.<sup>(a)</sup>  | Mill City Solar Loan Ltd.<sup>(a)</sup>  |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 03/20/2043 | &nbsp;&nbsp; 4.340% | 760646 | &nbsp;&nbsp; 699349 |
| Series 2019-2GS Class A | Series 2019-2GS Class A | Series 2019-2GS Class A | Series 2019-2GS Class A |
| 07/20/2043 | &nbsp;&nbsp; 3.690% | 821623 | &nbsp;&nbsp; 726070 |
| Mission Lane Credit Card Master Trust<sup>(a)</sup>  | Mission Lane Credit Card Master Trust<sup>(a)</sup>  | Mission Lane Credit Card Master Trust<sup>(a)</sup>  | Mission Lane Credit Card Master Trust<sup>(a)</sup>  |
| Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A |
| 01/15/2030 | &nbsp;&nbsp; 5.880% | 2955000 | &nbsp;&nbsp; 2979744 |
| Mosaic Solar Loan Trust<sup>(a)</sup>  | Mosaic Solar Loan Trust<sup>(a)</sup>  | Mosaic Solar Loan Trust<sup>(a)</sup>  | Mosaic Solar Loan Trust<sup>(a)</sup>  |
| Series 2018-1A Class A | Series 2018-1A Class A | Series 2018-1A Class A | Series 2018-1A Class A |
| 06/22/2043 | &nbsp;&nbsp; 4.010% | 352922 | &nbsp;&nbsp; 331584 |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 12/21/2043 | &nbsp;&nbsp; 4.370% | 718854 | &nbsp;&nbsp; 677711 |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 08/20/2046 | &nbsp;&nbsp; 1.440% | 1324002 | &nbsp;&nbsp; 1152614 |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 11/20/2053 | &nbsp;&nbsp; 5.910% | 2018706 | &nbsp;&nbsp; 2021614 |
| Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A |
| 05/20/2053 | &nbsp;&nbsp; 6.400% | 3076586 | &nbsp;&nbsp; 3155163 |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 09/20/2049 | &nbsp;&nbsp; 5.500% | 1984077 | &nbsp;&nbsp; 1942427 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 04/22/2052 | &nbsp;&nbsp; 5.600% | 2817911 | &nbsp;&nbsp; 2761102 |
| Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B |
| 02/22/2044 | &nbsp;&nbsp; 4.740% | 451750 | &nbsp;&nbsp; 404916 |
| Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B |
| 08/20/2046 | &nbsp;&nbsp; 2.210% | 844291 | &nbsp;&nbsp; 695078 |
| Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B |
| 04/22/2047 | &nbsp;&nbsp; 2.090% | 735032 | &nbsp;&nbsp; 541095 |
| Mosaic Solar Loans LLC<sup>(a)</sup>  | Mosaic Solar Loans LLC<sup>(a)</sup>  | Mosaic Solar Loans LLC<sup>(a)</sup>  | Mosaic Solar Loans LLC<sup>(a)</sup>  |
| Series 2017-2A Class A | Series 2017-2A Class A | Series 2017-2A Class A | Series 2017-2A Class A |
| 06/22/2043 | &nbsp;&nbsp; 3.820% | 363406 | &nbsp;&nbsp; 342042 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MP CLO VIII Ltd.<sup>(a),(b)</sup>  | MP CLO VIII Ltd.<sup>(a),(b)</sup>  | MP CLO VIII Ltd.<sup>(a),(b)</sup>  | MP CLO VIII Ltd.<sup>(a),(b)</sup>  |
| Series 2015-2A Class ARR | Series 2015-2A Class ARR | Series 2015-2A Class ARR | Series 2015-2A Class ARR |
| 3-month Term SOFR + 1.462% <br>Floor 1.200% <br>04/28/2034<br>| &nbsp;&nbsp; 5.775% | 16100000 | &nbsp;&nbsp; 16116728 |
| MVW LLC<sup>(a)</sup>  | MVW LLC<sup>(a)</sup>  | MVW LLC<sup>(a)</sup>  | MVW LLC<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 02/20/2043 | &nbsp;&nbsp; 5.320% | 852452 | &nbsp;&nbsp; 869384 |
| Navient Private Education Refi Loan Trust<sup>(a)</sup>  | Navient Private Education Refi Loan Trust<sup>(a)</sup>  | Navient Private Education Refi Loan Trust<sup>(a)</sup>  | Navient Private Education Refi Loan Trust<sup>(a)</sup>  |
| Series 2020-BA Class A2 | Series 2020-BA Class A2 | Series 2020-BA Class A2 | Series 2020-BA Class A2 |
| 01/15/2069 | &nbsp;&nbsp; 2.120% | 619643 | &nbsp;&nbsp; 591155 |
| Series 2020-DA Class A | Series 2020-DA Class A | Series 2020-DA Class A | Series 2020-DA Class A |
| 05/15/2069 | &nbsp;&nbsp; 1.690% | 2985116 | &nbsp;&nbsp; 2825462 |
| Series 2020-FA Class A | Series 2020-FA Class A | Series 2020-FA Class A | Series 2020-FA Class A |
| 07/15/2069 | &nbsp;&nbsp; 1.220% | 397635 | &nbsp;&nbsp; 372767 |
| Series 2020-GA Class A | Series 2020-GA Class A | Series 2020-GA Class A | Series 2020-GA Class A |
| 09/16/2069 | &nbsp;&nbsp; 1.170% | 744740 | &nbsp;&nbsp; 693610 |
| Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A |
| 05/15/2069 | &nbsp;&nbsp; 0.840% | 427103 | &nbsp;&nbsp; 388960 |
| Series 2021-BA Class A | Series 2021-BA Class A | Series 2021-BA Class A | Series 2021-BA Class A |
| 07/15/2069 | &nbsp;&nbsp; 0.940% | 886218 | &nbsp;&nbsp; 810680 |
| Neuberger Berman CLO XVII Ltd.<sup>(a),(b)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(a),(b)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(a),(b)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(a),(b)</sup>  |
| Series 2014-17A Class AR3 | Series 2014-17A Class AR3 | Series 2014-17A Class AR3 | Series 2014-17A Class AR3 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/22/2038<br>| &nbsp;&nbsp; 5.732% | 3500000 | &nbsp;&nbsp; 3509877 |
| Series 2014-17A Class CR3 | Series 2014-17A Class CR3 | Series 2014-17A Class CR3 | Series 2014-17A Class CR3 |
| 3-month Term SOFR + 2.150% <br>Floor 2.150% <br>07/22/2038<br>| &nbsp;&nbsp; 6.482% | 1650000 | &nbsp;&nbsp; 1658499 |
| Neuberger Berman Loan Advisers CLO Ltd.<sup>(a),(b)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(a),(b)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(a),(b)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-33A Class CR2 | Series 2025-33A Class CR2 | Series 2025-33A Class CR2 | Series 2025-33A Class CR2 |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>04/16/2039<br>| &nbsp;&nbsp; 6.318% | 2000000 | &nbsp;&nbsp; 2009710 |
| New Economy Assets Phase 1 Sponsor LLC<sup>(a)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(a)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(a)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(a)</sup>  |
| Series 2021-1 Class A1 | Series 2021-1 Class A1 | Series 2021-1 Class A1 | Series 2021-1 Class A1 |
| 10/20/2061 | &nbsp;&nbsp; 1.910% | 5030000 | &nbsp;&nbsp; 4177656 |
| NMEF Funding LLC<sup>(a)</sup>  | NMEF Funding LLC<sup>(a)</sup>  | NMEF Funding LLC<sup>(a)</sup>  | NMEF Funding LLC<sup>(a)</sup>  |
| Series 2025-B Class D | Series 2025-B Class D | Series 2025-B Class D | Series 2025-B Class D |
| 01/18/2033 | &nbsp;&nbsp; 5.470% | 6200000 | &nbsp;&nbsp; 6229174 |
| Oaktree CLO Ltd.<sup>(a),(b)</sup>  | Oaktree CLO Ltd.<sup>(a),(b)</sup>  | Oaktree CLO Ltd.<sup>(a),(b)</sup>  | Oaktree CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-3A Class CR | Series 2022-3A Class CR | Series 2022-3A Class CR | Series 2022-3A Class CR |
| 3-month Term SOFR + 2.100% <br>Floor 2.100% <br>10/15/2037<br>| &nbsp;&nbsp; 6.356% | 4050000 | &nbsp;&nbsp; 4066909 |
| Series 2024-25 Class C | Series 2024-25 Class C | Series 2024-25 Class C | Series 2024-25 Class C |
| 3-month Term SOFR + 2.500% <br>Floor 2.500% <br>04/20/2037<br>| &nbsp;&nbsp; 6.826% | 1950000 | &nbsp;&nbsp; 1958724 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| OCP CLO Ltd.<sup>(a),(b)</sup>  | OCP CLO Ltd.<sup>(a),(b)</sup>  | OCP CLO Ltd.<sup>(a),(b)</sup>  | OCP CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2019-17A Class AR2 | Series 2019-17A Class AR2 | Series 2019-17A Class AR2 | Series 2019-17A Class AR2 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/20/2037<br>| &nbsp;&nbsp; 5.726% | 2270000 | &nbsp;&nbsp; 2275986 |
| Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 |
| 3-month Term SOFR + 1.600% <br>04/20/2038<br>| &nbsp;&nbsp; 5.870% | 10000000 | &nbsp;&nbsp; 10077810 |
| Octagon 58 Ltd.<sup>(a),(b)</sup>  | Octagon 58 Ltd.<sup>(a),(b)</sup>  | Octagon 58 Ltd.<sup>(a),(b)</sup>  | Octagon 58 Ltd.<sup>(a),(b)</sup>  |
| Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>04/15/2038<br>| &nbsp;&nbsp; 6.068% | 2160000 | &nbsp;&nbsp; 2171565 |
| Octagon Investment Partners 27 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 27 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 27 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 27 Ltd.<sup>(a),(b)</sup>  |
| Series 2016-1A Class A2R | Series 2016-1A Class A2R | Series 2016-1A Class A2R | Series 2016-1A Class A2R |
| 3-month Term SOFR + 1.612% <br>Floor 1.350% <br>07/15/2030<br>| &nbsp;&nbsp; 5.929% | 6925000 | &nbsp;&nbsp; 6928075 |
| Octagon Investment Partners 46 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 46 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 46 Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners 46 Ltd.<sup>(a),(b)</sup>  |
| Series 2020-2A Class AR | Series 2020-2A Class AR | Series 2020-2A Class AR | Series 2020-2A Class AR |
| 3-month Term SOFR + 1.422% <br>Floor 1.160% <br>07/15/2036<br>| &nbsp;&nbsp; 5.739% | 7900000 | &nbsp;&nbsp; 7911597 |
| Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  |
| Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 |
| 3-month Term SOFR + 1.420% <br>Floor 1.420% <br>07/18/2037<br>| &nbsp;&nbsp; 5.749% | 5345000 | &nbsp;&nbsp; 5361340 |
| Octane Receivables Trust<sup>(a)</sup>  | Octane Receivables Trust<sup>(a)</sup>  | Octane Receivables Trust<sup>(a)</sup>  | Octane Receivables Trust<sup>(a)</sup>  |
| Series 2024-2 Class A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 |
| 07/20/2032 | &nbsp;&nbsp; 5.800% | 2460787 | &nbsp;&nbsp; 2486040 |
| OHA Credit Partners VII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners VII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners VII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners VII Ltd.<sup>(a),(b)</sup>  |
| Series 2025-7A Class CR4 | Series 2025-7A Class CR4 | Series 2025-7A Class CR4 | Series 2025-7A Class CR4 |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>02/20/2038<br>| &nbsp;&nbsp; 5.904% | 5000000 | &nbsp;&nbsp; 5015680 |
| OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  |
| Series 2024-17A Class A | Series 2024-17A Class A | Series 2024-17A Class A | Series 2024-17A Class A |
| 3-month Term SOFR + 1.320% <br>Floor 1.320% <br>01/18/2038<br>| &nbsp;&nbsp; 5.649% | 34750000 | &nbsp;&nbsp; 34835311 |
| OneMain Direct Auto Receivables Trust<sup>(a)</sup>  | OneMain Direct Auto Receivables Trust<sup>(a)</sup>  | OneMain Direct Auto Receivables Trust<sup>(a)</sup>  | OneMain Direct Auto Receivables Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 04/16/2035 | &nbsp;&nbsp; 5.360% | 6400000 | &nbsp;&nbsp; 6644020 |
| Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B |
| 11/14/2028 | &nbsp;&nbsp; 3.950% | 1500000 | &nbsp;&nbsp; 1494871 |
| Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D |
| 04/14/2031 | &nbsp;&nbsp; 4.680% | 2900000 | &nbsp;&nbsp; 2892816 |
| Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C |
| 07/14/2028 | &nbsp;&nbsp; 1.420% | 7367000 | &nbsp;&nbsp; 7261827 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2021-1A Class D | Subordinated Series 2021-1A Class D | Subordinated Series 2021-1A Class D | Subordinated Series 2021-1A Class D |
| 11/14/2030 | &nbsp;&nbsp; 1.620% | 900000 | &nbsp;&nbsp; 887544 |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 02/14/2031 | &nbsp;&nbsp; 6.140% | 3100000 | &nbsp;&nbsp; 3196137 |
| Onemain Financial Issuance Trust<sup>(a)</sup>  | Onemain Financial Issuance Trust<sup>(a)</sup>  | Onemain Financial Issuance Trust<sup>(a)</sup>  | Onemain Financial Issuance Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 05/14/2041 | &nbsp;&nbsp; 5.790% | 5400000 | &nbsp;&nbsp; 5698880 |
| OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 09/14/2035 | &nbsp;&nbsp; 1.750% | 2700000 | &nbsp;&nbsp; 2648933 |
| Series 2022-S1 Class A | Series 2022-S1 Class A | Series 2022-S1 Class A | Series 2022-S1 Class A |
| 05/14/2035 | &nbsp;&nbsp; 4.130% | 4215944 | &nbsp;&nbsp; 4208441 |
| Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D |
| 10/14/2034 | &nbsp;&nbsp; 6.550% | 6280000 | &nbsp;&nbsp; 6310785 |
| Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D |
| 06/14/2038 | &nbsp;&nbsp; 7.490% | 100000 | &nbsp;&nbsp; 104891 |
| Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C |
| 09/15/2036 | &nbsp;&nbsp; 6.740% | 1500000 | &nbsp;&nbsp; 1543140 |
| Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D |
| 09/15/2036 | &nbsp;&nbsp; 7.520% | 1600000 | &nbsp;&nbsp; 1649762 |
| Oscar US Funding XII LLC<sup>(a)</sup>  | Oscar US Funding XII LLC<sup>(a)</sup>  | Oscar US Funding XII LLC<sup>(a)</sup>  | Oscar US Funding XII LLC<sup>(a)</sup>  |
| Series 2021-1A Class A4 | Series 2021-1A Class A4 | Series 2021-1A Class A4 | Series 2021-1A Class A4 |
| 04/10/2028 | &nbsp;&nbsp; 1.000% | 308197 | &nbsp;&nbsp; 305855 |
| OWN Equipment Fund I LLC<sup>(a)</sup>  | OWN Equipment Fund I LLC<sup>(a)</sup>  | OWN Equipment Fund I LLC<sup>(a)</sup>  | OWN Equipment Fund I LLC<sup>(a)</sup>  |
| Series 2024-2M Class A | Series 2024-2M Class A | Series 2024-2M Class A | Series 2024-2M Class A |
| 12/20/2032 | &nbsp;&nbsp; 5.700% | 4010295 | &nbsp;&nbsp; 4078636 |
| OZLM VI Ltd.<sup>(a),(b)</sup>  | OZLM VI Ltd.<sup>(a),(b)</sup>  | OZLM VI Ltd.<sup>(a),(b)</sup>  | OZLM VI Ltd.<sup>(a),(b)</sup>  |
| Series 2014-6A Class A1T | Series 2014-6A Class A1T | Series 2014-6A Class A1T | Series 2014-6A Class A1T |
| 3-month Term SOFR + 1.130% <br>Floor 1.130% <br>04/17/2031<br>| &nbsp;&nbsp; 5.452% | 6382993 | &nbsp;&nbsp; 6382099 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.637% | 2393276 | &nbsp;&nbsp; 2405962 |
| Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2020-3A Class BR2 | Series 2020-3A Class BR2 | Series 2020-3A Class BR2 | Series 2020-3A Class BR2 |
| 3-month Term SOFR + 2.650% <br>Floor 2.650% <br>11/15/2036<br>| &nbsp;&nbsp; 6.861% | 2000000 | &nbsp;&nbsp; 1998708 |
| Series 2021-3A Class A2R | Series 2021-3A Class A2R | Series 2021-3A Class A2R | Series 2021-3A Class A2R |
| 3-month Term SOFR + 1.500% <br>Floor 1.500% <br>10/15/2038<br>| &nbsp;&nbsp; 5.796% | 5900000 | &nbsp;&nbsp; 5899959 |
| Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-1A Class A1R | Series 2017-1A Class A1R | Series 2017-1A Class A1R | Series 2017-1A Class A1R |
| 3-month Term SOFR + 1.502% <br>Floor 1.240% <br>02/14/2034<br>| &nbsp;&nbsp; 5.735% | 5000000 | &nbsp;&nbsp; 5012905 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2019-2A Class A1 | Series 2019-2A Class A1 | Series 2019-2A Class A1 | Series 2019-2A Class A1 |
| 3-month Term SOFR + 1.442% <br>Floor 1.180% <br>10/15/2034<br>| &nbsp;&nbsp; 5.759% | 15000000 | &nbsp;&nbsp; 15007290 |
| Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2021-1R Class A1AR | Series 2021-1R Class A1AR | Series 2021-1R Class A1AR | Series 2021-1R Class A1AR |
| 3-month Term SOFR + 1.110% <br>Floor 1.110% <br>01/20/2034<br>| &nbsp;&nbsp; 4.196% | 7900000 | &nbsp;&nbsp; 7900000 |
| PenFed Auto Receivables Owner Trust<sup>(a)</sup>  | PenFed Auto Receivables Owner Trust<sup>(a)</sup>  | PenFed Auto Receivables Owner Trust<sup>(a)</sup>  | PenFed Auto Receivables Owner Trust<sup>(a)</sup>  |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 06/15/2029 | &nbsp;&nbsp; 4.700% | 1715000 | &nbsp;&nbsp; 1719483 |
| Post Road Equipment Finance LLC<sup>(a)</sup>  | Post Road Equipment Finance LLC<sup>(a)</sup>  | Post Road Equipment Finance LLC<sup>(a)</sup>  | Post Road Equipment Finance LLC<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 |
| 11/15/2029 | &nbsp;&nbsp; 5.590% | 474440 | &nbsp;&nbsp; 476953 |
| Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C | Subordinated Series 2021-1A Class C |
| 02/15/2028 | &nbsp;&nbsp; 1.530% | 387264 | &nbsp;&nbsp; 385724 |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 02/15/2028 | &nbsp;&nbsp; 5.650% | 2375169 | &nbsp;&nbsp; 2379642 |
| Regatta XXIX Funding Ltd.<sup>(a),(b)</sup>  | Regatta XXIX Funding Ltd.<sup>(a),(b)</sup>  | Regatta XXIX Funding Ltd.<sup>(a),(b)</sup>  | Regatta XXIX Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A |
| 3-month Term SOFR + 1.380% <br>Floor 1.380% <br>09/06/2037<br>| &nbsp;&nbsp; 5.698% | 34000000 | &nbsp;&nbsp; 34095608 |
| Regional Management Issuance Trust<sup>(a)</sup>  | Regional Management Issuance Trust<sup>(a)</sup>  | Regional Management Issuance Trust<sup>(a)</sup>  | Regional Management Issuance Trust<sup>(a)</sup>  |
| Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A |
| 03/15/2032 | &nbsp;&nbsp; 3.070% | 1086754 | &nbsp;&nbsp; 1081756 |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 07/15/2036 | &nbsp;&nbsp; 5.830% | 1325000 | &nbsp;&nbsp; 1356684 |
| Republic Finance Issuance Trust<sup>(a)</sup>  | Republic Finance Issuance Trust<sup>(a)</sup>  | Republic Finance Issuance Trust<sup>(a)</sup>  | Republic Finance Issuance Trust<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 08/20/2032 | &nbsp;&nbsp; 5.910% | 2115000 | &nbsp;&nbsp; 2140013 |
| Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B |
| 3-month Term SOFR + 1.912% <br>Floor 1.650% <br>07/20/2034<br>| &nbsp;&nbsp; 6.237% | 7900000 | &nbsp;&nbsp; 7913019 |
| Rockford Tower CLO Ltd.<sup>(a),(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.700% <br>07/20/2034<br>| &nbsp;&nbsp; 0.000% | 8940000 | &nbsp;&nbsp; 8940000 |
| Santander Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(a)</sup>  |
| Series 2024-A Class C | Series 2024-A Class C | Series 2024-A Class C | Series 2024-A Class C |
| 06/15/2032 | &nbsp;&nbsp; 5.818% | 1943286 | &nbsp;&nbsp; 1961431 |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 5.630% | 2938543 | &nbsp;&nbsp; 2953399 |
| Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.850% | 2810000 | &nbsp;&nbsp; 2816893 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.740% | 2205000 | &nbsp;&nbsp; 2211978 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 08/15/2029 | &nbsp;&nbsp; 4.670% | 3080000 | &nbsp;&nbsp; 3100078 |
| Series 2025-2 Class D | Series 2025-2 Class D | Series 2025-2 Class D | Series 2025-2 Class D |
| 05/15/2031 | &nbsp;&nbsp; 5.470% | 10000000 | &nbsp;&nbsp; 10181313 |
| Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 |
| 10/16/2028 | &nbsp;&nbsp; 4.630% | 2675000 | &nbsp;&nbsp; 2682999 |
| Subordinated Series 2022-4 Class B | Subordinated Series 2022-4 Class B | Subordinated Series 2022-4 Class B | Subordinated Series 2022-4 Class B |
| 11/15/2027 | &nbsp;&nbsp; 4.420% | 412847 | &nbsp;&nbsp; 412720 |
| Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C |
| 05/15/2030 | &nbsp;&nbsp; 5.090% | 810000 | &nbsp;&nbsp; 815433 |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 11/15/2030 | &nbsp;&nbsp; 5.770% | 1160000 | &nbsp;&nbsp; 1182077 |
| Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B |
| 12/15/2028 | &nbsp;&nbsp; 5.770% | 2410000 | &nbsp;&nbsp; 2438159 |
| Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B |
| 12/17/2029 | &nbsp;&nbsp; 6.160% | 3885000 | &nbsp;&nbsp; 3956824 |
| Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C |
| 03/17/2031 | &nbsp;&nbsp; 6.400% | 600000 | &nbsp;&nbsp; 618384 |
| Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D |
| 08/15/2031 | &nbsp;&nbsp; 6.280% | 1500000 | &nbsp;&nbsp; 1557221 |
| SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 11/20/2026 | &nbsp;&nbsp; 5.390% | 977616 | &nbsp;&nbsp; 980227 |
| Series 2024-B Class A3 | Series 2024-B Class A3 | Series 2024-B Class A3 | Series 2024-B Class A3 |
| 11/22/2027 | &nbsp;&nbsp; 5.560% | 2310000 | &nbsp;&nbsp; 2328926 |
| Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 |
| 02/22/2028 | &nbsp;&nbsp; 4.560% | 950000 | &nbsp;&nbsp; 952381 |
| SCF Equipment Leasing LLC<sup>(a)</sup>  | SCF Equipment Leasing LLC<sup>(a)</sup>  | SCF Equipment Leasing LLC<sup>(a)</sup>  | SCF Equipment Leasing LLC<sup>(a)</sup>  |
| Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 |
| 01/20/2032 | &nbsp;&nbsp; 5.520% | 1695000 | &nbsp;&nbsp; 1735503 |
| SCF Equipment Trust<sup>(a)</sup>  | SCF Equipment Trust<sup>(a)</sup>  | SCF Equipment Trust<sup>(a)</sup>  | SCF Equipment Trust<sup>(a)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 11/21/2033 | &nbsp;&nbsp; 5.110% | 3006000 | &nbsp;&nbsp; 3080989 |
| SEB Funding LLC<sup>(a)</sup>  | SEB Funding LLC<sup>(a)</sup>  | SEB Funding LLC<sup>(a)</sup>  | SEB Funding LLC<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 04/30/2054 | &nbsp;&nbsp; 7.386% | 2070000 | &nbsp;&nbsp; 2121436 |
| Servpro Master Issuer LLC<sup>(a)</sup>  | Servpro Master Issuer LLC<sup>(a)</sup>  | Servpro Master Issuer LLC<sup>(a)</sup>  | Servpro Master Issuer LLC<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 01/25/2054 | &nbsp;&nbsp; 6.174% | 2216250 | &nbsp;&nbsp; 2296378 |
| SFS Auto Receivables Securitization Trust<sup>(a)</sup>  | SFS Auto Receivables Securitization Trust<sup>(a)</sup>  | SFS Auto Receivables Securitization Trust<sup>(a)</sup>  | SFS Auto Receivables Securitization Trust<sup>(a)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 10/20/2028 | &nbsp;&nbsp; 5.470% | 2236858 | &nbsp;&nbsp; 2252449 |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 06/20/2030 | &nbsp;&nbsp; 4.550% | 1300000 | &nbsp;&nbsp; 1307163 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 07/22/2030 | &nbsp;&nbsp; 4.750% | 1390000 | &nbsp;&nbsp; 1407068 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 12/20/2030 | &nbsp;&nbsp; 4.440% | 4580000 | &nbsp;&nbsp; 4623736 |
| Shackleton VR CLO Ltd.<sup>(a),(b)</sup>  | Shackleton VR CLO Ltd.<sup>(a),(b)</sup>  | Shackleton VR CLO Ltd.<sup>(a),(b)</sup>  | Shackleton VR CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2014-5RA Class A | Series 2014-5RA Class A | Series 2014-5RA Class A | Series 2014-5RA Class A |
| 3-month Term SOFR + 1.362% <br>Floor 1.100% <br>05/07/2031<br>| &nbsp;&nbsp; 5.604% | 1406138 | &nbsp;&nbsp; 1407285 |
| Sierra Timeshare Receivables Funding LLC<sup>(a)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(a)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(a)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(a)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 06/20/2041 | &nbsp;&nbsp; 5.140% | 1914094 | &nbsp;&nbsp; 1933056 |
| Silver Rock CLO III<sup>(a),(b)</sup>  | Silver Rock CLO III<sup>(a),(b)</sup>  | Silver Rock CLO III<sup>(a),(b)</sup>  | Silver Rock CLO III<sup>(a),(b)</sup>  |
| Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 |
| 3-month Term SOFR + 1.880% <br>Floor 1.880% <br>01/20/2036<br>| &nbsp;&nbsp; 6.206% | 19000000 | &nbsp;&nbsp; 19055632 |
| SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  |
| Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B |
| 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>01/25/2083<br>| &nbsp;&nbsp; 5.802% | 1165000 | &nbsp;&nbsp; 1180590 |
| Series 2008-3 Class B | Series 2008-3 Class B | Series 2008-3 Class B | Series 2008-3 Class B |
| 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>04/26/2083<br>| &nbsp;&nbsp; 5.802% | 1165000 | &nbsp;&nbsp; 1171602 |
| Series 2008-4 Class B | Series 2008-4 Class B | Series 2008-4 Class B | Series 2008-4 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>04/25/2073<br>| &nbsp;&nbsp; 6.452% | 1165000 | &nbsp;&nbsp; 1188896 |
| Series 2008-5 Class B | Series 2008-5 Class B | Series 2008-5 Class B | Series 2008-5 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/25/2073<br>| &nbsp;&nbsp; 6.452% | 4060000 | &nbsp;&nbsp; 4096459 |
| Series 2008-6 Class A4 | Series 2008-6 Class A4 | Series 2008-6 Class A4 | Series 2008-6 Class A4 |
| 90-day Average SOFR + 1.362% <br>Floor 1.100% <br>07/25/2026<br>| &nbsp;&nbsp; 5.702% | 1211119 | &nbsp;&nbsp; 1196904 |
| Series 2008-6 Class B | Series 2008-6 Class B | Series 2008-6 Class B | Series 2008-6 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 6.452% | 1165000 | &nbsp;&nbsp; 1166804 |
| Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 6.452% | 1165000 | &nbsp;&nbsp; 1165765 |
| Series 2012-2 Class A | Series 2012-2 Class A | Series 2012-2 Class A | Series 2012-2 Class A |
| 30-day Average SOFR + 0.814% <br>Floor 0.700% <br>01/25/2029<br>| &nbsp;&nbsp; 5.165% | 2928279 | &nbsp;&nbsp; 2862070 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2012-7 Class A3 | Series 2012-7 Class A3 | Series 2012-7 Class A3 | Series 2012-7 Class A3 |
| 30-day Average SOFR + 0.764% <br>Floor 0.650% <br>05/26/2026<br>| &nbsp;&nbsp; 5.115% | 1407386 | &nbsp;&nbsp; 1367159 |
| SMB Private Education Loan Trust<sup>(a)</sup>  | SMB Private Education Loan Trust<sup>(a)</sup>  | SMB Private Education Loan Trust<sup>(a)</sup>  | SMB Private Education Loan Trust<sup>(a)</sup>  |
| Series 2019-B Class A2A | Series 2019-B Class A2A | Series 2019-B Class A2A | Series 2019-B Class A2A |
| 06/15/2037 | &nbsp;&nbsp; 2.840% | 4588739 | &nbsp;&nbsp; 4487425 |
| Series 2020-PTA Class A2A | Series 2020-PTA Class A2A | Series 2020-PTA Class A2A | Series 2020-PTA Class A2A |
| 09/15/2054 | &nbsp;&nbsp; 1.600% | 5227725 | &nbsp;&nbsp; 4929963 |
| Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A |
| 03/15/2056 | &nbsp;&nbsp; 5.240% | 4572199 | &nbsp;&nbsp; 4676780 |
| SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 06/25/2034 | &nbsp;&nbsp; 4.820% | 1504007 | &nbsp;&nbsp; 1507532 |
| SoFi Professional Loan Program LLC<sup>(a)</sup>  | SoFi Professional Loan Program LLC<sup>(a)</sup>  | SoFi Professional Loan Program LLC<sup>(a)</sup>  | SoFi Professional Loan Program LLC<sup>(a)</sup>  |
| Series 2018-A Class A2B | Series 2018-A Class A2B | Series 2018-A Class A2B | Series 2018-A Class A2B |
| 02/25/2042 | &nbsp;&nbsp; 2.950% | 1777 | &nbsp;&nbsp; 1772 |
| Series 2019-A Class BFX | Series 2019-A Class BFX | Series 2019-A Class BFX | Series 2019-A Class BFX |
| 06/15/2048 | &nbsp;&nbsp; 4.110% | 2500000 | &nbsp;&nbsp; 2336951 |
| Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX |
| 08/25/2047 | &nbsp;&nbsp; 3.830% | 2700000 | &nbsp;&nbsp; 2614353 |
| Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX |
| 08/17/2048 | &nbsp;&nbsp; 3.730% | 2500000 | &nbsp;&nbsp; 2281299 |
| SoFi Professional Loan Program Trust<sup>(a)</sup>  | SoFi Professional Loan Program Trust<sup>(a)</sup>  | SoFi Professional Loan Program Trust<sup>(a)</sup>  | SoFi Professional Loan Program Trust<sup>(a)</sup>  |
| Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX |
| 05/15/2046 | &nbsp;&nbsp; 2.730% | 2200000 | &nbsp;&nbsp; 1801601 |
| Sonic Capital LLC<sup>(a)</sup>  | Sonic Capital LLC<sup>(a)</sup>  | Sonic Capital LLC<sup>(a)</sup>  | Sonic Capital LLC<sup>(a)</sup>  |
| Series 2020-1A Class A2I | Series 2020-1A Class A2I | Series 2020-1A Class A2I | Series 2020-1A Class A2I |
| 01/20/2050 | &nbsp;&nbsp; 3.845% | 1805000 | &nbsp;&nbsp; 1774581 |
| Sound Point CLO II Ltd.<sup>(a),(b)</sup>  | Sound Point CLO II Ltd.<sup>(a),(b)</sup>  | Sound Point CLO II Ltd.<sup>(a),(b)</sup>  | Sound Point CLO II Ltd.<sup>(a),(b)</sup>  |
| Series 2013-1A Class A1R | Series 2013-1A Class A1R | Series 2013-1A Class A1R | Series 2013-1A Class A1R |
| 3-month Term SOFR + 1.332% <br>Floor 1.070% <br>01/26/2031<br>| &nbsp;&nbsp; 5.645% | 1203088 | &nbsp;&nbsp; 1204682 |
| Sound Point CLO XXVIII Ltd.<sup>(a),(b)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(a),(b)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(a),(b)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(a),(b)</sup>  |
| Series 2020-3A Class A1R | Series 2020-3A Class A1R | Series 2020-3A Class A1R | Series 2020-3A Class A1R |
| 3-month Term SOFR + 1.280% <br>Floor 1.280% <br>01/25/2032<br>| &nbsp;&nbsp; 5.599% | 8962952 | &nbsp;&nbsp; 8974075 |
| Stellantis Financial Underwritten Enhanced Lease Trust<sup>(a)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(a)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(a)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(a)</sup>  |
| Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 |
| 01/22/2029 | &nbsp;&nbsp; 4.270% | 4165000 | &nbsp;&nbsp; 4180101 |
| Stream Innovations Issuer Trust<sup>(a)</sup>  | Stream Innovations Issuer Trust<sup>(a)</sup>  | Stream Innovations Issuer Trust<sup>(a)</sup>  | Stream Innovations Issuer Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 07/15/2044 | &nbsp;&nbsp; 6.270% | 427237 | &nbsp;&nbsp; 448466 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 02/15/2045 | &nbsp;&nbsp; 5.210% | 4095877 | &nbsp;&nbsp; 4119956 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sunnova Helios XI Issuer LLC<sup>(a)</sup>  | Sunnova Helios XI Issuer LLC<sup>(a)</sup>  | Sunnova Helios XI Issuer LLC<sup>(a)</sup>  | Sunnova Helios XI Issuer LLC<sup>(a)</sup>  |
| Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A |
| 05/20/2050 | &nbsp;&nbsp; 5.300% | 4161999 | &nbsp;&nbsp; 3818991 |
| Sunnova Sol II Issuer LLC<sup>(a)</sup>  | Sunnova Sol II Issuer LLC<sup>(a)</sup>  | Sunnova Sol II Issuer LLC<sup>(a)</sup>  | Sunnova Sol II Issuer LLC<sup>(a)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 11/01/2055 | &nbsp;&nbsp; 2.730% | 2587114 | &nbsp;&nbsp; 2169819 |
| Sunnova Sol III Issuer LLC<sup>(a)</sup>  | Sunnova Sol III Issuer LLC<sup>(a)</sup>  | Sunnova Sol III Issuer LLC<sup>(a)</sup>  | Sunnova Sol III Issuer LLC<sup>(a)</sup>  |
| Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A |
| 04/28/2056 | &nbsp;&nbsp; 2.580% | 2057837 | &nbsp;&nbsp; 1707879 |
| Sunrun Artemis Issuer LLC<sup>(a)</sup>  | Sunrun Artemis Issuer LLC<sup>(a)</sup>  | Sunrun Artemis Issuer LLC<sup>(a)</sup>  | Sunrun Artemis Issuer LLC<sup>(a)</sup>  |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 07/30/2059 | &nbsp;&nbsp; 6.250% | 6857730 | &nbsp;&nbsp; 6801854 |
| Sunrun Athena Issuer LLC<sup>(a)</sup>  | Sunrun Athena Issuer LLC<sup>(a)</sup>  | Sunrun Athena Issuer LLC<sup>(a)</sup>  | Sunrun Athena Issuer LLC<sup>(a)</sup>  |
| Series 2018-1 Class A | Series 2018-1 Class A | Series 2018-1 Class A | Series 2018-1 Class A |
| 04/30/2049 | &nbsp;&nbsp; 5.310% | 1556041 | &nbsp;&nbsp; 1508284 |
| Sunrun Bacchus Issuer LLC<sup>(a)</sup>  | Sunrun Bacchus Issuer LLC<sup>(a)</sup>  | Sunrun Bacchus Issuer LLC<sup>(a)</sup>  | Sunrun Bacchus Issuer LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2A | Series 2025-1A Class A2A | Series 2025-1A Class A2A | Series 2025-1A Class A2A |
| 04/30/2060 | &nbsp;&nbsp; 6.410% | 5586347 | &nbsp;&nbsp; 5532122 |
| Sunrun Callisto Issuer LLC<sup>(a)</sup>  | Sunrun Callisto Issuer LLC<sup>(a)</sup>  | Sunrun Callisto Issuer LLC<sup>(a)</sup>  | Sunrun Callisto Issuer LLC<sup>(a)</sup>  |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 06/30/2054 | &nbsp;&nbsp; 3.980% | 1071751 | &nbsp;&nbsp; 1011026 |
| Sunrun Iris Issuer LLC<sup>(a)</sup>  | Sunrun Iris Issuer LLC<sup>(a)</sup>  | Sunrun Iris Issuer LLC<sup>(a)</sup>  | Sunrun Iris Issuer LLC<sup>(a)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 01/30/2059 | &nbsp;&nbsp; 5.750% | 1651957 | &nbsp;&nbsp; 1622047 |
| Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 03/25/2055 | &nbsp;&nbsp; 5.036% | 8800000 | &nbsp;&nbsp; 8757940 |
| Symphony CLO Ltd.<sup>(a),(b)</sup>  | Symphony CLO Ltd.<sup>(a),(b)</sup>  | Symphony CLO Ltd.<sup>(a),(b)</sup>  | Symphony CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-47A Class B | Series 2025-47A Class B | Series 2025-47A Class B | Series 2025-47A Class B |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.850% | 4370000 | &nbsp;&nbsp; 4383634 |
| Symphony CLO XVI Ltd.<sup>(a)</sup>  | Symphony CLO XVI Ltd.<sup>(a)</sup>  | Symphony CLO XVI Ltd.<sup>(a)</sup>  | Symphony CLO XVI Ltd.<sup>(a)</sup>  |
| Series 2015-16A Class ARR | Series 2015-16A Class ARR | Series 2015-16A Class ARR | Series 2015-16A Class ARR |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/15/2031<br>| &nbsp;&nbsp; 5.518% | 3777071 | &nbsp;&nbsp; 3782208 |
| Symphony CLO XX Ltd.<sup>(a),(b)</sup>  | Symphony CLO XX Ltd.<sup>(a),(b)</sup>  | Symphony CLO XX Ltd.<sup>(a),(b)</sup>  | Symphony CLO XX Ltd.<sup>(a),(b)</sup>  |
| Series 2018-20A Class AR2 | Series 2018-20A Class AR2 | Series 2018-20A Class AR2 | Series 2018-20A Class AR2 |
| 3-month Term SOFR + 1.100% <br>Floor 1.100% <br>01/16/2032<br>| &nbsp;&nbsp; 5.418% | 5334913 | &nbsp;&nbsp; 5335644 |
| Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  |
| Series 2021-1A Class A2I | Series 2021-1A Class A2I | Series 2021-1A Class A2I | Series 2021-1A Class A2I |
| 08/25/2051 | &nbsp;&nbsp; 1.946% | 2456250 | &nbsp;&nbsp; 2358807 |
| TCW CLO Ltd.<sup>(a),(b)</sup>  | TCW CLO Ltd.<sup>(a),(b)</sup>  | TCW CLO Ltd.<sup>(a),(b)</sup>  | TCW CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-1A Class A1R3 | Series 2025-1A Class A1R3 | Series 2025-1A Class A1R3 | Series 2025-1A Class A1R3 |
| 3-month Term SOFR + 1.150% <br>10/29/2034<br>| &nbsp;&nbsp; 5.203% | 18000000 | &nbsp;&nbsp; 18013338 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| THL Credit Wind River CLO Ltd.<sup>(a),(b)</sup>  | THL Credit Wind River CLO Ltd.<sup>(a),(b)</sup>  | THL Credit Wind River CLO Ltd.<sup>(a),(b)</sup>  | THL Credit Wind River CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2015-1A Class A1R3 | Series 2015-1A Class A1R3 | Series 2015-1A Class A1R3 | Series 2015-1A Class A1R3 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/20/2030<br>| &nbsp;&nbsp; 5.526% | 813251 | &nbsp;&nbsp; 813816 |
| TIAA CLO I Ltd.<sup>(a),(b)</sup>  | TIAA CLO I Ltd.<sup>(a),(b)</sup>  | TIAA CLO I Ltd.<sup>(a),(b)</sup>  | TIAA CLO I Ltd.<sup>(a),(b)</sup>  |
| Series 2016-1A Class ARR | Series 2016-1A Class ARR | Series 2016-1A Class ARR | Series 2016-1A Class ARR |
| 3-month Term SOFR + 1.250% <br>Floor 1.250% <br>07/20/2031<br>| &nbsp;&nbsp; 5.576% | 3978480 | &nbsp;&nbsp; 3982224 |
| Tikehau US CLO III Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO III Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO III Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO III Ltd.<sup>(a),(b)</sup>  |
| Series 2022-2A Class A1R | Series 2022-2A Class A1R | Series 2022-2A Class A1R | Series 2022-2A Class A1R |
| 3-month Term SOFR + 1.870% <br>Floor 1.870% <br>01/20/2036<br>| &nbsp;&nbsp; 6.196% | 15000000 | &nbsp;&nbsp; 15048705 |
| Tikehau US CLO IV Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO IV Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO IV Ltd.<sup>(a),(b)</sup>  | Tikehau US CLO IV Ltd.<sup>(a),(b)</sup>  |
| Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 |
| 3-month Term SOFR + 2.200% <br>Floor 2.200% <br>07/15/2034<br>| &nbsp;&nbsp; 6.518% | 28000000 | &nbsp;&nbsp; 28067368 |
| Tralee CLO VII Ltd<sup>(a),(b)</sup>  | Tralee CLO VII Ltd<sup>(a),(b)</sup>  | Tralee CLO VII Ltd<sup>(a),(b)</sup>  | Tralee CLO VII Ltd<sup>(a),(b)</sup>  |
| Series 2021-7A Class A1 | Series 2021-7A Class A1 | Series 2021-7A Class A1 | Series 2021-7A Class A1 |
| 3-month Term SOFR + 1.582% <br>Floor 1.320% <br>04/25/2034<br>| &nbsp;&nbsp; 5.900% | 9250000 | &nbsp;&nbsp; 9255966 |
| Trimaran Cavu Ltd.<sup>(a),(b)</sup>  | Trimaran Cavu Ltd.<sup>(a),(b)</sup>  | Trimaran Cavu Ltd.<sup>(a),(b)</sup>  | Trimaran Cavu Ltd.<sup>(a),(b)</sup>  |
| Series 2024-1A Class A1R | Series 2024-1A Class A1R | Series 2024-1A Class A1R | Series 2024-1A Class A1R |
| 3-month Term SOFR + 1.190% <br>Floor 1.190% <br>01/20/2037<br>| &nbsp;&nbsp; 5.516% | 20000000 | &nbsp;&nbsp; 19970920 |
| USB Auto Owner Trust<sup>(a)</sup>  | USB Auto Owner Trust<sup>(a)</sup>  | USB Auto Owner Trust<sup>(a)</sup>  | USB Auto Owner Trust<sup>(a)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 06/17/2030 | &nbsp;&nbsp; 4.490% | 670000 | &nbsp;&nbsp; 676718 |
| Venture CLO Ltd.<sup>(a),(b)</sup>  | Venture CLO Ltd.<sup>(a),(b)</sup>  | Venture CLO Ltd.<sup>(a),(b)</sup>  | Venture CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2019-37A Class A1RR | Series 2019-37A Class A1RR | Series 2019-37A Class A1RR | Series 2019-37A Class A1RR |
| 3-month Term SOFR + 1.250% <br>Floor 1.250% <br>07/15/2032<br>| &nbsp;&nbsp; 5.568% | 13156984 | &nbsp;&nbsp; 13158681 |
| Venture XXVII CLO Ltd.<sup>(a),(b)</sup>  | Venture XXVII CLO Ltd.<sup>(a),(b)</sup>  | Venture XXVII CLO Ltd.<sup>(a),(b)</sup>  | Venture XXVII CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-27A Class CR | Series 2017-27A Class CR | Series 2017-27A Class CR | Series 2017-27A Class CR |
| 3-month Term SOFR + 2.562% <br>Floor 2.300% <br>07/20/2030<br>| &nbsp;&nbsp; 6.887% | 4100000 | &nbsp;&nbsp; 4105047 |
| Volofin Finance Designated Activity Co.<sup>(a)</sup>  | Volofin Finance Designated Activity Co.<sup>(a)</sup>  | Volofin Finance Designated Activity Co.<sup>(a)</sup>  | Volofin Finance Designated Activity Co.<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/15/2037 | &nbsp;&nbsp; 5.935% | 2604223 | &nbsp;&nbsp; 2643949 |
| Voya CLO Ltd.<sup>(a),(b)</sup>  | Voya CLO Ltd.<sup>(a),(b)</sup>  | Voya CLO Ltd.<sup>(a),(b)</sup>  | Voya CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2013-1A Class A1AR | Series 2013-1A Class A1AR | Series 2013-1A Class A1AR | Series 2013-1A Class A1AR |
| 3-month Term SOFR + 1.472% <br>Floor 1.210% <br>10/15/2030<br>| &nbsp;&nbsp; 5.789% | 533569 | &nbsp;&nbsp; 533980 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2016-1A Class A1R | Series 2016-1A Class A1R | Series 2016-1A Class A1R | Series 2016-1A Class A1R |
| 3-month Term SOFR + 1.332% <br>Floor 1.070% <br>01/20/2031<br>| &nbsp;&nbsp; 5.657% | 1913348 | &nbsp;&nbsp; 1913348 |
| Series 2016-3A Class A1R2 | Series 2016-3A Class A1R2 | Series 2016-3A Class A1R2 | Series 2016-3A Class A1R2 |
| 3-month Term SOFR + 1.150% <br>Cap 1.150% <br>10/18/2031<br>| &nbsp;&nbsp; 5.479% | 4790447 | &nbsp;&nbsp; 4794490 |
| Series 2018-3A Class A1R2 | Series 2018-3A Class A1R2 | Series 2018-3A Class A1R2 | Series 2018-3A Class A1R2 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/15/2031<br>| &nbsp;&nbsp; 5.518% | 5191731 | &nbsp;&nbsp; 5199253 |
| VStrong Auto Receivables Trust<sup>(a)</sup>  | VStrong Auto Receivables Trust<sup>(a)</sup>  | VStrong Auto Receivables Trust<sup>(a)</sup>  | VStrong Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B |
| 07/15/2030 | &nbsp;&nbsp; 5.770% | 409000 | &nbsp;&nbsp; 414203 |
| Wachovia Student Loan Trust<sup>(a),(b)</sup>  | Wachovia Student Loan Trust<sup>(a),(b)</sup>  | Wachovia Student Loan Trust<sup>(a),(b)</sup>  | Wachovia Student Loan Trust<sup>(a),(b)</sup>  |
| Series 2006-1 Class A6 | Series 2006-1 Class A6 | Series 2006-1 Class A6 | Series 2006-1 Class A6 |
| 90-day Average SOFR + 0.432% <br>Floor 0.170% <br>04/25/2040<br>| &nbsp;&nbsp; 4.772% | 2300600 | &nbsp;&nbsp; 2264220 |
| Wellfleet CLO Ltd.<sup>(a),(b)</sup>  | Wellfleet CLO Ltd.<sup>(a),(b)</sup>  | Wellfleet CLO Ltd.<sup>(a),(b)</sup>  | Wellfleet CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2019-1A Class A1R | Series 2019-1A Class A1R | Series 2019-1A Class A1R | Series 2019-1A Class A1R |
| 3-month Term SOFR + 1.382% <br>Floor 1.120% <br>07/20/2032<br>| &nbsp;&nbsp; 5.651% | 7372055 | &nbsp;&nbsp; 7383821 |
| Series 2020-1A Class A1AR | Series 2020-1A Class A1AR | Series 2020-1A Class A1AR | Series 2020-1A Class A1AR |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>04/15/2033<br>| &nbsp;&nbsp; 5.856% | 13269532 | &nbsp;&nbsp; 13283332 |
| Wendy's Funding LLC<sup>(a)</sup>  | Wendy's Funding LLC<sup>(a)</sup>  | Wendy's Funding LLC<sup>(a)</sup>  | Wendy's Funding LLC<sup>(a)</sup>  |
| Series 2018-1A Class A2II | Series 2018-1A Class A2II | Series 2018-1A Class A2II | Series 2018-1A Class A2II |
| 03/15/2048 | &nbsp;&nbsp; 3.884% | 924786 | &nbsp;&nbsp; 906677 |
| Series 2019-1A Class A2I | Series 2019-1A Class A2I | Series 2019-1A Class A2I | Series 2019-1A Class A2I |
| 06/15/2049 | &nbsp;&nbsp; 3.783% | 3052858 | &nbsp;&nbsp; 3021973 |
| Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  |
| Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 |
| 02/15/2028 | &nbsp;&nbsp; 5.560% | 1815000 | &nbsp;&nbsp; 1829684 |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 04/17/2028 | &nbsp;&nbsp; 4.710% | 2355000 | &nbsp;&nbsp; 2363416 |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 4.750% | 4795000 | &nbsp;&nbsp; 4820289 |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 01/15/2031 | &nbsp;&nbsp; 4.850% | 4200000 | &nbsp;&nbsp; 4234425 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 05/15/2029 | &nbsp;&nbsp; 4.510% | 1310000 | &nbsp;&nbsp; 1314471 |
| Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C |
| 09/15/2028 | &nbsp;&nbsp; 6.020% | 4530000 | &nbsp;&nbsp; 4589553 |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 11/15/2027 | &nbsp;&nbsp; 5.550% | 4600000 | &nbsp;&nbsp; 4630521 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Wheels Fleet Lease Funding 1 LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(a)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 04/18/2038 | &nbsp;&nbsp; 5.800% | 2431897 | &nbsp;&nbsp; 2447188 |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 02/18/2039 | &nbsp;&nbsp; 5.490% | 1793205 | &nbsp;&nbsp; 1812195 |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 06/21/2039 | &nbsp;&nbsp; 4.870% | 2074556 | &nbsp;&nbsp; 2090878 |
| Wheels Fleet Lease Funding I LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(a)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(a)</sup>  |
| Series 2024-3 Class A1 | Series 2024-3 Class A1 | Series 2024-3 Class A1 | Series 2024-3 Class A1 |
| 09/19/2039 | &nbsp;&nbsp; 4.800% | 2050000 | &nbsp;&nbsp; 2068889 |
| Wind River CLO Ltd.<sup>(a),(b)</sup>  | Wind River CLO Ltd.<sup>(a),(b)</sup>  | Wind River CLO Ltd.<sup>(a),(b)</sup>  | Wind River CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>04/20/2037<br>| &nbsp;&nbsp; 5.870% | 3100000 | &nbsp;&nbsp; 3108265 |
| World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust |
| Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 2520000 | &nbsp;&nbsp; 2531773 |
| Series 2025-C Class A3 | Series 2025-C Class A3 | Series 2025-C Class A3 | Series 2025-C Class A3 |
| 11/15/2030 | &nbsp;&nbsp; 4.080% | 4645000 | &nbsp;&nbsp; 4664452 |
| Zaxby's Funding LLC<sup>(a)</sup>  | Zaxby's Funding LLC<sup>(a)</sup>  | Zaxby's Funding LLC<sup>(a)</sup>  | Zaxby's Funding LLC<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 07/30/2051 | &nbsp;&nbsp; 3.238% | 5424000 | &nbsp;&nbsp; 5115346 |
| Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 06/20/2055 | &nbsp;&nbsp; 5.953% | 5700000 | &nbsp;&nbsp; 5881042 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $1,698,712,930) | Total Asset-Backed Securities — Non-Agency <br>(Cost $1,698,712,930) | Total Asset-Backed Securities — Non-Agency <br>(Cost $1,698,712,930) | &nbsp;&nbsp; **1702109611** |
| **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  |
| CMO Series K055 Class X1 | CMO Series K055 Class X1 | CMO Series K055 Class X1 | CMO Series K055 Class X1 |
| 03/25/2026 | &nbsp;&nbsp; 1.469% | 1794231 | &nbsp;&nbsp; 10595 |
| CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 |
| 07/25/2026 | &nbsp;&nbsp; 1.288% | 2046489 | &nbsp;&nbsp; 16715 |
| CMO Series K059 Class X1 | CMO Series K059 Class X1 | CMO Series K059 Class X1 | CMO Series K059 Class X1 |
| 09/25/2026 | &nbsp;&nbsp; 0.370% | 6165621 | &nbsp;&nbsp; 11100 |
| CMO Series K060 Class X1 | CMO Series K060 Class X1 | CMO Series K060 Class X1 | CMO Series K060 Class X1 |
| 10/25/2026 | &nbsp;&nbsp; 0.170% | 24030461 | &nbsp;&nbsp; 15651 |
| CMO Series K152 Class X1 | CMO Series K152 Class X1 | CMO Series K152 Class X1 | CMO Series K152 Class X1 |
| 01/25/2031 | &nbsp;&nbsp; 1.095% | 3823798 | &nbsp;&nbsp; 146417 |
| Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) |
| 05/25/2031 | &nbsp;&nbsp; 1.137% | 12499905 | &nbsp;&nbsp; 554108 |
| Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) |
| 02/25/2032 | &nbsp;&nbsp; 0.407% | 7240800 | &nbsp;&nbsp; 127983 |
| Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) |
| 12/25/2031 | &nbsp;&nbsp; 0.403% | 17540244 | &nbsp;&nbsp; 305858 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) |
| 04/25/2055 | &nbsp;&nbsp; 0.451% | 7912028 | &nbsp;&nbsp; 163891 |
| Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) |
| 04/25/2032 | &nbsp;&nbsp; 0.437% | 10360147 | &nbsp;&nbsp; 207733 |
| Series K069 Class X1 | Series K069 Class X1 | Series K069 Class X1 | Series K069 Class X1 |
| 09/25/2027 | &nbsp;&nbsp; 0.467% | 34774893 | &nbsp;&nbsp; 214926 |
| Series K091 Class X1 | Series K091 Class X1 | Series K091 Class X1 | Series K091 Class X1 |
| 03/25/2029 | &nbsp;&nbsp; 0.704% | 38348934 | &nbsp;&nbsp; 685786 |
| Series K095 Class X1 | Series K095 Class X1 | Series K095 Class X1 | Series K095 Class X1 |
| 06/25/2029 | &nbsp;&nbsp; 1.072% | 72428662 | &nbsp;&nbsp; 2185448 |
| Series K106 Class X1 | Series K106 Class X1 | Series K106 Class X1 | Series K106 Class X1 |
| 01/25/2030 | &nbsp;&nbsp; 1.438% | 93246105 | &nbsp;&nbsp; 4570766 |
| Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) |
| 07/25/2031 | &nbsp;&nbsp; 0.828% | 12748385 | &nbsp;&nbsp; 459007 |
| Series K137 Class X1 | Series K137 Class X1 | Series K137 Class X1 | Series K137 Class X1 |
| 11/25/2031 | &nbsp;&nbsp; 0.295% | 273501486 | &nbsp;&nbsp; 2658653 |
| Series K145 Class X1 | Series K145 Class X1 | Series K145 Class X1 | Series K145 Class X1 |
| 06/25/2055 | &nbsp;&nbsp; 0.430% | 4644898 | &nbsp;&nbsp; 91154 |
| Series K146 Class X1 | Series K146 Class X1 | Series K146 Class X1 | Series K146 Class X1 |
| 06/25/2032 | &nbsp;&nbsp; 0.352% | 15714552 | &nbsp;&nbsp; 242243 |
| Series K147 Class X1 | Series K147 Class X1 | Series K147 Class X1 | Series K147 Class X1 |
| 06/25/2032 | &nbsp;&nbsp; 0.490% | 11984683 | &nbsp;&nbsp; 279804 |
| Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) |
| 08/25/2032 | &nbsp;&nbsp; 0.404% | 20884387 | &nbsp;&nbsp; 384062 |
| Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) |
| 09/25/2032 | &nbsp;&nbsp; 0.446% | 26912880 | &nbsp;&nbsp; 573312 |
| Series K-1515 Class X1 | Series K-1515 Class X1 | Series K-1515 Class X1 | Series K-1515 Class X1 |
| 02/25/2035 | &nbsp;&nbsp; 1.633% | 7030614 | &nbsp;&nbsp; 685216 |
| Series K-1516 Class X1 | Series K-1516 Class X1 | Series K-1516 Class X1 | Series K-1516 Class X1 |
| 05/25/2035 | &nbsp;&nbsp; 1.626% | 14466226 | &nbsp;&nbsp; 1526891 |
| Series K-1517 Class X1 | Series K-1517 Class X1 | Series K-1517 Class X1 | Series K-1517 Class X1 |
| 07/25/2035 | &nbsp;&nbsp; 1.435% | 19890358 | &nbsp;&nbsp; 1821575 |
| Series K1521 Class X1 | Series K1521 Class X1 | Series K1521 Class X1 | Series K1521 Class X1 |
| 08/25/2036 | &nbsp;&nbsp; 1.093% | 23190440 | &nbsp;&nbsp; 1720060 |
| Series K735 Class X1 | Series K735 Class X1 | Series K735 Class X1 | Series K735 Class X1 |
| 05/25/2026 | &nbsp;&nbsp; 1.101% | 12181796 | &nbsp;&nbsp; 62610 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates |
| Series K056 Class A2 | Series K056 Class A2 | Series K056 Class A2 | Series K056 Class A2 |
| 05/25/2026 | &nbsp;&nbsp; 2.525% | 5925381 | &nbsp;&nbsp; 5856046 |
| Series K074 Class A2 | Series K074 Class A2 | Series K074 Class A2 | Series K074 Class A2 |
| 01/25/2028 | &nbsp;&nbsp; 3.600% | 8660000 | &nbsp;&nbsp; 8590859 |
| Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  |
| Series 2020-M43 Class X1 | Series 2020-M43 Class X1 | Series 2020-M43 Class X1 | Series 2020-M43 Class X1 |
| 08/25/2034 | &nbsp;&nbsp; 1.985% | 31805711 | &nbsp;&nbsp; 2104463 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(d),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(d),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(d),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(d),(e)</sup>  |
| Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) |
| 12/25/2028 | &nbsp;&nbsp; 1.160% | 67346203 | &nbsp;&nbsp; 1941301 |
| Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  |
| CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO |
| 04/16/2053 | &nbsp;&nbsp; 0.530% | 686875 | &nbsp;&nbsp; 4726 |
| CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO |
| 09/16/2046 | &nbsp;&nbsp; 0.105% | 11312705 | &nbsp;&nbsp; 18801 |
| CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA |
| 01/16/2055 | &nbsp;&nbsp; 0.126% | 9371597 | &nbsp;&nbsp; 41165 |
| CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO |
| 03/16/2052 | &nbsp;&nbsp; 0.254% | 2602795 | &nbsp;&nbsp; 18330 |
| CMO Series 2015-114 | CMO Series 2015-114 | CMO Series 2015-114 | CMO Series 2015-114 |
| 03/15/2057 | &nbsp;&nbsp; 0.278% | 1103615 | &nbsp;&nbsp; 10200 |
| CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO |
| 03/16/2057 | &nbsp;&nbsp; 0.585% | 6136955 | &nbsp;&nbsp; 116377 |
| CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB |
| 01/16/2055 | &nbsp;&nbsp; 0.853% | 5104620 | &nbsp;&nbsp; 100616 |
| CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO |
| 07/16/2055 | &nbsp;&nbsp; 0.514% | 14393748 | &nbsp;&nbsp; 142292 |
| CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC |
| 07/16/2055 | &nbsp;&nbsp; 0.116% | 4776927 | &nbsp;&nbsp; 17241 |
| CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.827% | 4196362 | &nbsp;&nbsp; 125283 |
| CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.406% | 5104140 | &nbsp;&nbsp; 83006 |
| CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.671% | 2565568 | &nbsp;&nbsp; 70216 |
| CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI |
| 09/16/2049 | &nbsp;&nbsp; 0.707% | 3855836 | &nbsp;&nbsp; 59646 |
| CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO |
| 09/16/2056 | &nbsp;&nbsp; 0.170% | 715385 | &nbsp;&nbsp; 2152 |
| CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO |
| 02/16/2051 | &nbsp;&nbsp; 0.455% | 1847907 | &nbsp;&nbsp; 25635 |
| CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO |
| 12/16/2049 | &nbsp;&nbsp; 0.558% | 5095454 | &nbsp;&nbsp; 96972 |
| CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO |
| 01/16/2056 | &nbsp;&nbsp; 0.640% | 3019457 | &nbsp;&nbsp; 79311 |
| CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO |
| 06/16/2064 | &nbsp;&nbsp; 0.802% | 6044255 | &nbsp;&nbsp; 335132 |
| CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO |
| 09/16/2061 | &nbsp;&nbsp; 0.739% | 12428104 | &nbsp;&nbsp; 655073 |
| Series 2014-101 Class IO | Series 2014-101 Class IO | Series 2014-101 Class IO | Series 2014-101 Class IO |
| 04/16/2056 | &nbsp;&nbsp; 0.533% | 8966166 | &nbsp;&nbsp; 124530 |
| Series 2016-152 Class IO | Series 2016-152 Class IO | Series 2016-152 Class IO | Series 2016-152 Class IO |
| 08/15/2058 | &nbsp;&nbsp; 0.768% | 8802992 | &nbsp;&nbsp; 336383 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2017-168 Class IO | Series 2017-168 Class IO | Series 2017-168 Class IO | Series 2017-168 Class IO |
| 12/16/2059 | &nbsp;&nbsp; 0.553% | 14249193 | &nbsp;&nbsp; 504387 |
| Series 2018-110 Class IA | Series 2018-110 Class IA | Series 2018-110 Class IA | Series 2018-110 Class IA |
| 11/16/2059 | &nbsp;&nbsp; 0.632% | 19419178 | &nbsp;&nbsp; 603521 |
| Series 2018-2 Class IO | Series 2018-2 Class IO | Series 2018-2 Class IO | Series 2018-2 Class IO |
| 12/16/2059 | &nbsp;&nbsp; 0.704% | 6911173 | &nbsp;&nbsp; 295858 |
| Series 2020-108 Class IO | Series 2020-108 Class IO | Series 2020-108 Class IO | Series 2020-108 Class IO |
| 06/16/2062 | &nbsp;&nbsp; 0.847% | 8495773 | &nbsp;&nbsp; 489053 |
| Series 2021-106 Class IO | Series 2021-106 Class IO | Series 2021-106 Class IO | Series 2021-106 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.856% | 9111834 | &nbsp;&nbsp; 598929 |
| Series 2021-132 Class BI | Series 2021-132 Class BI | Series 2021-132 Class BI | Series 2021-132 Class BI |
| 04/16/2063 | &nbsp;&nbsp; 0.917% | 11574046 | &nbsp;&nbsp; 787683 |
| Series 2021-133 Class IO | Series 2021-133 Class IO | Series 2021-133 Class IO | Series 2021-133 Class IO |
| 07/16/2063 | &nbsp;&nbsp; 0.882% | 11512429 | &nbsp;&nbsp; 767427 |
| Series 2021-145 Class IO | Series 2021-145 Class IO | Series 2021-145 Class IO | Series 2021-145 Class IO |
| 07/16/2061 | &nbsp;&nbsp; 0.771% | 2437519 | &nbsp;&nbsp; 121108 |
| Series 2021-151 Class IO | Series 2021-151 Class IO | Series 2021-151 Class IO | Series 2021-151 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.907% | 10043526 | &nbsp;&nbsp; 631242 |
| Series 2021-163 Class IO | Series 2021-163 Class IO | Series 2021-163 Class IO | Series 2021-163 Class IO |
| 03/16/2064 | &nbsp;&nbsp; 0.802% | 10801058 | &nbsp;&nbsp; 595748 |
| Series 2021-52 Class IO | Series 2021-52 Class IO | Series 2021-52 Class IO | Series 2021-52 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.722% | 10039764 | &nbsp;&nbsp; 516809 |
| Series 2022-132 Class IO | Series 2022-132 Class IO | Series 2022-132 Class IO | Series 2022-132 Class IO |
| 10/16/2064 | &nbsp;&nbsp; 0.537% | 10700771 | &nbsp;&nbsp; 460370 |
| Series 2022-92 Class EI | Series 2022-92 Class EI | Series 2022-92 Class EI | Series 2022-92 Class EI |
| 02/16/2064 | &nbsp;&nbsp; 0.808% | 10758146 | &nbsp;&nbsp; 596035 |
| Series 2023-110 Class IO | Series 2023-110 Class IO | Series 2023-110 Class IO | Series 2023-110 Class IO |
| 07/16/2058 | &nbsp;&nbsp; 1.022% | 9766858 | &nbsp;&nbsp; 692012 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA |
| 1-month Term SOFR + 0.464% <br>Floor 0.350%, Cap 10.550% <br>03/20/2063<br>| &nbsp;&nbsp; 4.792% | 23774 | &nbsp;&nbsp; 23716 |
| Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $70,141,682) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $70,141,682) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $70,141,682) | &nbsp;&nbsp; **48361218** |
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.2%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.2%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.2%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.2%** |
| 1345T<sup>(a),(b)</sup>  | 1345T<sup>(a),(b)</sup>  | 1345T<sup>(a),(b)</sup>  | 1345T<sup>(a),(b)</sup>  |
| Series 2025-AOA Class A | Series 2025-AOA Class A | Series 2025-AOA Class A | Series 2025-AOA Class A |
| 1-month Term SOFR + 1.600% <br>Floor 1.600% <br>06/15/2030<br>| &nbsp;&nbsp; 5.900% | 6060000 | &nbsp;&nbsp; 6086535 |
| ALA Trust<sup>(a),(b)</sup>  | ALA Trust<sup>(a),(b)</sup>  | ALA Trust<sup>(a),(b)</sup>  | ALA Trust<sup>(a),(b)</sup>  |
| Series 2025-OANA Class A | Series 2025-OANA Class A | Series 2025-OANA Class A | Series 2025-OANA Class A |
| 1-month Term SOFR + 1.743% <br>Floor 1.743% <br>06/15/2040<br>| &nbsp;&nbsp; 6.085% | 1360000 | &nbsp;&nbsp; 1367640 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Arbor Multifamily Mortgage Securities Trust<sup>(a)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(a)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(a)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(a)</sup>  |
| Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 |
| 06/15/2054 | &nbsp;&nbsp; 2.252% | 18000000 | &nbsp;&nbsp; 15985521 |
| Arbor Realty Commercial Real Estate Notes Ltd.<sup>(a),(b)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(a),(b)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(a),(b)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(a),(b)</sup>  |
| Series 2021-FL4 Class D | Series 2021-FL4 Class D | Series 2021-FL4 Class D | Series 2021-FL4 Class D |
| 1-month Term SOFR + 3.014% <br>Floor 2.900% <br>11/15/2036<br>| &nbsp;&nbsp; 7.378% | 3250000 | &nbsp;&nbsp; 3249390 |
| ARDN Mortgage Trust<sup>(a),(b)</sup>  | ARDN Mortgage Trust<sup>(a),(b)</sup>  | ARDN Mortgage Trust<sup>(a),(b)</sup>  | ARDN Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-ARCP Class A | Series 2025-ARCP Class A | Series 2025-ARCP Class A | Series 2025-ARCP Class A |
| 1-month Term SOFR + 1.750% <br>Floor 1.750% <br>06/15/2035<br>| &nbsp;&nbsp; 6.092% | 5000000 | &nbsp;&nbsp; 4993514 |
| AREIT LLC<sup>(a),(b)</sup>  | AREIT LLC<sup>(a),(b)</sup>  | AREIT LLC<sup>(a),(b)</sup>  | AREIT LLC<sup>(a),(b)</sup>  |
| Series 2023-CRE8 Class A | Series 2023-CRE8 Class A | Series 2023-CRE8 Class A | Series 2023-CRE8 Class A |
| 1-month Term SOFR + 2.112% <br>Floor 2.112% <br>08/17/2041<br>| &nbsp;&nbsp; 6.472% | 2757170 | &nbsp;&nbsp; 2758894 |
| AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  |
| Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A |
| 1-month Term SOFR + 1.686% <br>Floor 1.687% <br>05/17/2041<br>| &nbsp;&nbsp; 6.050% | 1720832 | &nbsp;&nbsp; 1724059 |
| Series 2025-CRE10 Class A | Series 2025-CRE10 Class A | Series 2025-CRE10 Class A | Series 2025-CRE10 Class A |
| 1-month Term SOFR + 1.388% <br>Floor 1.388% <br>12/17/2029<br>| &nbsp;&nbsp; 5.740% | 5000000 | &nbsp;&nbsp; 5000005 |
| AREIT Trust<sup>(a),(b)</sup>  | AREIT Trust<sup>(a),(b)</sup>  | AREIT Trust<sup>(a),(b)</sup>  | AREIT Trust<sup>(a),(b)</sup>  |
| Series 2022-CRE6 Class A | Series 2022-CRE6 Class A | Series 2022-CRE6 Class A | Series 2022-CRE6 Class A |
| 30-day Average SOFR + 1.250% <br>Floor 1.250% <br>01/16/2037<br>| &nbsp;&nbsp; 5.593% | 751676 | &nbsp;&nbsp; 751206 |
| ARES Trust<sup>(a),(b)</sup>  | ARES Trust<sup>(a),(b)</sup>  | ARES Trust<sup>(a),(b)</sup>  | ARES Trust<sup>(a),(b)</sup>  |
| Series 2025-IND3 Class A | Series 2025-IND3 Class A | Series 2025-IND3 Class A | Series 2025-IND3 Class A |
| 1-month Term SOFR + 1.500% <br>Floor 1.500% <br>04/15/2027<br>| &nbsp;&nbsp; 5.842% | 3530000 | &nbsp;&nbsp; 3533309 |
| Series 2025-IND3 Class B | Series 2025-IND3 Class B | Series 2025-IND3 Class B | Series 2025-IND3 Class B |
| 1-month Term SOFR + 1.850% <br>Floor 1.850%, Cap 1.850% <br>04/15/2027<br>| &nbsp;&nbsp; 6.192% | 3000000 | &nbsp;&nbsp; 3000000 |
| ARZ Trust<sup>(a)</sup>  | ARZ Trust<sup>(a)</sup>  | ARZ Trust<sup>(a)</sup>  | ARZ Trust<sup>(a)</sup>  |
| Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C |
| 06/11/2029 | &nbsp;&nbsp; 6.361% | 1500000 | &nbsp;&nbsp; 1540963 |
| BAHA Trust<sup>(a),(d)</sup>  | BAHA Trust<sup>(a),(d)</sup>  | BAHA Trust<sup>(a),(d)</sup>  | BAHA Trust<sup>(a),(d)</sup>  |
| Series 2024-MAR Class A | Series 2024-MAR Class A | Series 2024-MAR Class A | Series 2024-MAR Class A |
| 12/10/2041 | &nbsp;&nbsp; 5.972% | 1000000 | &nbsp;&nbsp; 1036141 |
| Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B |
| 12/10/2029 | &nbsp;&nbsp; 7.069% | 2935000 | &nbsp;&nbsp; 3060823 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(d),(e)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(d),(e)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(d),(e)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(d),(e)</sup>  |
| Series 2019-BN18 Class XA | Series 2019-BN18 Class XA | Series 2019-BN18 Class XA | Series 2019-BN18 Class XA |
| 05/15/2062 | &nbsp;&nbsp; 1.026% | 58416475 | &nbsp;&nbsp; 1568833 |
| BANK | BANK | BANK | BANK |
| Series 2017-BNK4 Class A4 | Series 2017-BNK4 Class A4 | Series 2017-BNK4 Class A4 | Series 2017-BNK4 Class A4 |
| 05/15/2050 | &nbsp;&nbsp; 3.625% | 2420000 | &nbsp;&nbsp; 2384759 |
| BANK<sup>(d),(e)</sup>  | BANK<sup>(d),(e)</sup>  | BANK<sup>(d),(e)</sup>  | BANK<sup>(d),(e)</sup>  |
| Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA |
| 11/15/2050 | &nbsp;&nbsp; 0.841% | 26061392 | &nbsp;&nbsp; 295471 |
| BANK<sup>(d)</sup>  | BANK<sup>(d)</sup>  | BANK<sup>(d)</sup>  | BANK<sup>(d)</sup>  |
| Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 |
| 11/15/2064 | &nbsp;&nbsp; 2.618% | 5605000 | &nbsp;&nbsp; 4982271 |
| Bank5<sup>(d)</sup>  | Bank5<sup>(d)</sup>  | Bank5<sup>(d)</sup>  | Bank5<sup>(d)</sup>  |
| Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C |
| 10/15/2057 | &nbsp;&nbsp; 5.743% | 1500000 | &nbsp;&nbsp; 1493278 |
| BANK5<sup>(d)</sup>  | BANK5<sup>(d)</sup>  | BANK5<sup>(d)</sup>  | BANK5<sup>(d)</sup>  |
| Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 |
| 09/15/2056 | &nbsp;&nbsp; 6.724% | 2985000 | &nbsp;&nbsp; 3174441 |
| BANK5 | BANK5 | BANK5 | BANK5 |
| Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 |
| 12/15/2056 | &nbsp;&nbsp; 6.500% | 1207531 | &nbsp;&nbsp; 1277073 |
| Series 2024-5YR7 Class A3 | Series 2024-5YR7 Class A3 | Series 2024-5YR7 Class A3 | Series 2024-5YR7 Class A3 |
| 06/15/2057 | &nbsp;&nbsp; 5.769% | 5000000 | &nbsp;&nbsp; 5225728 |
| Series 2025-5Y15 Class C | Series 2025-5Y15 Class C | Series 2025-5Y15 Class C | Series 2025-5Y15 Class C |
| 06/15/2058 | &nbsp;&nbsp; 5.806% | 3000000 | &nbsp;&nbsp; 3004956 |
| BANK5 Trust | BANK5 Trust | BANK5 Trust | BANK5 Trust |
| Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 |
| 05/15/2057 | &nbsp;&nbsp; 6.225% | 6410000 | &nbsp;&nbsp; 6784857 |
| BBCMS Mortgage Trust<sup>(a)</sup>  | BBCMS Mortgage Trust<sup>(a)</sup>  | BBCMS Mortgage Trust<sup>(a)</sup>  | BBCMS Mortgage Trust<sup>(a)</sup>  |
| Series 2016-ETC Class A | Series 2016-ETC Class A | Series 2016-ETC Class A | Series 2016-ETC Class A |
| 08/14/2036 | &nbsp;&nbsp; 2.937% | 13500000 | &nbsp;&nbsp; 13031422 |
| Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B |
| 08/14/2036 | &nbsp;&nbsp; 3.189% | 900000 | &nbsp;&nbsp; 854594 |
| Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C |
| 08/14/2036 | &nbsp;&nbsp; 3.391% | 770000 | &nbsp;&nbsp; 723391 |
| BBCMS Mortgage Trust<sup>(d),(e)</sup>  | BBCMS Mortgage Trust<sup>(d),(e)</sup>  | BBCMS Mortgage Trust<sup>(d),(e)</sup>  | BBCMS Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2018-C2 Class XA | Series 2018-C2 Class XA | Series 2018-C2 Class XA | Series 2018-C2 Class XA |
| 12/15/2051 | &nbsp;&nbsp; 0.913% | 58990669 | &nbsp;&nbsp; 1093551 |
| BBCMS Mortgage Trust<sup>(a),(b)</sup>  | BBCMS Mortgage Trust<sup>(a),(b)</sup>  | BBCMS Mortgage Trust<sup>(a),(b)</sup>  | BBCMS Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2020-BID Class A | Series 2020-BID Class A | Series 2020-BID Class A | Series 2020-BID Class A |
| 1-month Term SOFR + 2.254% <br>Floor 2.140% <br>10/15/2037<br>| &nbsp;&nbsp; 6.618% | 14360000 | &nbsp;&nbsp; 14355513 |
| BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust |
| Series 2021-C12 Class A5 | Series 2021-C12 Class A5 | Series 2021-C12 Class A5 | Series 2021-C12 Class A5 |
| 11/15/2054 | &nbsp;&nbsp; 2.689% | 15495000 | &nbsp;&nbsp; 13804461 |
| Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 |
| 03/15/2057 | &nbsp;&nbsp; 5.946% | 3445000 | &nbsp;&nbsp; 3620643 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 |
| 07/15/2057 | &nbsp;&nbsp; 6.014% | 7600000 | &nbsp;&nbsp; 8007197 |
| Series 2024-5C29 Class B | Series 2024-5C29 Class B | Series 2024-5C29 Class B | Series 2024-5C29 Class B |
| 09/15/2057 | &nbsp;&nbsp; 5.858% | 2000000 | &nbsp;&nbsp; 2046681 |
| Series 2024-5C31 Class C | Series 2024-5C31 Class C | Series 2024-5C31 Class C | Series 2024-5C31 Class C |
| 12/15/2057 | &nbsp;&nbsp; 5.756% | 1000000 | &nbsp;&nbsp; 1006321 |
| BBCMS Mortgage Trust<sup>(a),(d)</sup>  | BBCMS Mortgage Trust<sup>(a),(d)</sup>  | BBCMS Mortgage Trust<sup>(a),(d)</sup>  | BBCMS Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D |
| 08/14/2036 | &nbsp;&nbsp; 3.729% | 2790000 | &nbsp;&nbsp; 2586458 |
| BBCMS Mortgage Trust<sup>(d)</sup>  | BBCMS Mortgage Trust<sup>(d)</sup>  | BBCMS Mortgage Trust<sup>(d)</sup>  | BBCMS Mortgage Trust<sup>(d)</sup>  |
| Subordinated Series 2025-5C36 Class B | Subordinated Series 2025-5C36 Class B | Subordinated Series 2025-5C36 Class B | Subordinated Series 2025-5C36 Class B |
| 08/15/2058 | &nbsp;&nbsp; 6.187% | 1000000 | &nbsp;&nbsp; 1043114 |
| BDS LLC<sup>(a),(b)</sup>  | BDS LLC<sup>(a),(b)</sup>  | BDS LLC<sup>(a),(b)</sup>  | BDS LLC<sup>(a),(b)</sup>  |
| Series 2024-FL13 Class A | Series 2024-FL13 Class A | Series 2024-FL13 Class A | Series 2024-FL13 Class A |
| 1-month Term SOFR + 1.576% <br>Floor 1.576% <br>09/19/2039<br>| &nbsp;&nbsp; 5.930% | 2000000 | &nbsp;&nbsp; 2010004 |
| Series 2025-FL15 Class A | Series 2025-FL15 Class A | Series 2025-FL15 Class A | Series 2025-FL15 Class A |
| 1-month Term SOFR + 1.400% <br>Floor 1.400% <br>03/19/2043<br>| &nbsp;&nbsp; 5.700% | 5000000 | &nbsp;&nbsp; 5003106 |
| Benchmark Mortgage Trust<sup>(d),(e)</sup>  | Benchmark Mortgage Trust<sup>(d),(e)</sup>  | Benchmark Mortgage Trust<sup>(d),(e)</sup>  | Benchmark Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2019-B10 Class XA | Series 2019-B10 Class XA | Series 2019-B10 Class XA | Series 2019-B10 Class XA |
| 03/15/2062 | &nbsp;&nbsp; 1.380% | 24501811 | &nbsp;&nbsp; 888627 |
| Series 2020-B20 Class XA | Series 2020-B20 Class XA | Series 2020-B20 Class XA | Series 2020-B20 Class XA |
| 10/15/2053 | &nbsp;&nbsp; 1.635% | 12976438 | &nbsp;&nbsp; 689003 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| Series 2021-B26 Class A4 | Series 2021-B26 Class A4 | Series 2021-B26 Class A4 | Series 2021-B26 Class A4 |
| 06/15/2054 | &nbsp;&nbsp; 2.295% | 10600000 | &nbsp;&nbsp; 9521100 |
| Series 2022-B34 Class A5 | Series 2022-B34 Class A5 | Series 2022-B34 Class A5 | Series 2022-B34 Class A5 |
| 04/15/2055 | &nbsp;&nbsp; 3.786% | 2300000 | &nbsp;&nbsp; 2139356 |
| Series 2024-V12 Class A3 | Series 2024-V12 Class A3 | Series 2024-V12 Class A3 | Series 2024-V12 Class A3 |
| 12/15/2057 | &nbsp;&nbsp; 5.739% | 7860000 | &nbsp;&nbsp; 8244505 |
| Benchmark Mortgage Trust<sup>(d)</sup>  | Benchmark Mortgage Trust<sup>(d)</sup>  | Benchmark Mortgage Trust<sup>(d)</sup>  | Benchmark Mortgage Trust<sup>(d)</sup>  |
| Series 2023-V2 Class A3 | Series 2023-V2 Class A3 | Series 2023-V2 Class A3 | Series 2023-V2 Class A3 |
| 05/15/2055 | &nbsp;&nbsp; 5.812% | 17305000 | &nbsp;&nbsp; 17917433 |
| Series 2025-V16 Class B | Series 2025-V16 Class B | Series 2025-V16 Class B | Series 2025-V16 Class B |
| 08/15/2057 | &nbsp;&nbsp; 6.339% | 3000000 | &nbsp;&nbsp; 3115322 |
| Subordinated Series 2019-B13 Class C | Subordinated Series 2019-B13 Class C | Subordinated Series 2019-B13 Class C | Subordinated Series 2019-B13 Class C |
| 08/15/2057 | &nbsp;&nbsp; 3.839% | 2400000 | &nbsp;&nbsp; 1994300 |
| BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-WRHS Class A | Series 2024-WRHS Class A | Series 2024-WRHS Class A | Series 2024-WRHS Class A |
| 1-month Term SOFR + 1.492% <br>Floor 1.492% <br>08/15/2026<br>| &nbsp;&nbsp; 5.913% | 6952478 | &nbsp;&nbsp; 6952485 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  |
| Series 2025-EWEST Class A | Series 2025-EWEST Class A | Series 2025-EWEST Class A | Series 2025-EWEST Class A |
| 1-month Term SOFR + 1.550% <br>Floor 1.550% <br>06/15/2042<br>| &nbsp;&nbsp; 5.892% | 5500000 | &nbsp;&nbsp; 5506876 |
| BHMS Commercial Mortgage Trust<sup>(a),(b)</sup>  | BHMS Commercial Mortgage Trust<sup>(a),(b)</sup>  | BHMS Commercial Mortgage Trust<sup>(a),(b)</sup>  | BHMS Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-ATLS Class B | Series 2025-ATLS Class B | Series 2025-ATLS Class B | Series 2025-ATLS Class B |
| 1-month Term SOFR + 2.650% <br>Floor 2.650% <br>08/15/2042<br>| &nbsp;&nbsp; 6.900% | 5000000 | &nbsp;&nbsp; 5015625 |
| BIG Commercial Mortgage Trust<sup>(a),(b)</sup>  | BIG Commercial Mortgage Trust<sup>(a),(b)</sup>  | BIG Commercial Mortgage Trust<sup>(a),(b)</sup>  | BIG Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-BIG Class B | Subordinated Series 2022-BIG Class B | Subordinated Series 2022-BIG Class B | Subordinated Series 2022-BIG Class B |
| 1-month Term SOFR + 1.741% <br>Floor 1.741% <br>02/15/2039<br>| &nbsp;&nbsp; 6.104% | 2100000 | &nbsp;&nbsp; 2093751 |
| BMD2 Re-Remic Trust<sup>(a),(g)</sup>  | BMD2 Re-Remic Trust<sup>(a),(g)</sup>  | BMD2 Re-Remic Trust<sup>(a),(g)</sup>  | BMD2 Re-Remic Trust<sup>(a),(g)</sup>  |
| Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB |
| 05/25/2052 | &nbsp;&nbsp; 0.000% | 2821000 | &nbsp;&nbsp; 2414634 |
| BMO Mortgage Trust | BMO Mortgage Trust | BMO Mortgage Trust | BMO Mortgage Trust |
| Series 2024-5C5 Class A3 | Series 2024-5C5 Class A3 | Series 2024-5C5 Class A3 | Series 2024-5C5 Class A3 |
| 02/15/2057 | &nbsp;&nbsp; 5.857% | 2600000 | &nbsp;&nbsp; 2725408 |
| Series 2025-5C9 Class A3 | Series 2025-5C9 Class A3 | Series 2025-5C9 Class A3 | Series 2025-5C9 Class A3 |
| 04/15/2058 | &nbsp;&nbsp; 5.779% | 7710000 | &nbsp;&nbsp; 8081291 |
| BMO Mortgage Trust<sup>(d)</sup>  | BMO Mortgage Trust<sup>(d)</sup>  | BMO Mortgage Trust<sup>(d)</sup>  | BMO Mortgage Trust<sup>(d)</sup>  |
| Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 |
| 12/15/2057 | &nbsp;&nbsp; 5.625% | 13230000 | &nbsp;&nbsp; 13804403 |
| Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C |
| 09/15/2057 | &nbsp;&nbsp; 5.885% | 750000 | &nbsp;&nbsp; 752395 |
| Subordinated Series 2025-5C10 Class B | Subordinated Series 2025-5C10 Class B | Subordinated Series 2025-5C10 Class B | Subordinated Series 2025-5C10 Class B |
| 05/15/2058 | &nbsp;&nbsp; 6.445% | 1000000 | &nbsp;&nbsp; 1047183 |
| BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-BOCA Class A | Series 2024-BOCA Class A | Series 2024-BOCA Class A | Series 2024-BOCA Class A |
| 1-month Term SOFR + 1.921% <br>Floor 1.921% <br>08/15/2041<br>| &nbsp;&nbsp; 6.284% | 4000000 | &nbsp;&nbsp; 4017454 |
| BPR Commercial Mortgage Trust<sup>(a),(d)</sup>  | BPR Commercial Mortgage Trust<sup>(a),(d)</sup>  | BPR Commercial Mortgage Trust<sup>(a),(d)</sup>  | BPR Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B |
| 11/05/2039 | &nbsp;&nbsp; 5.991% | 5000000 | &nbsp;&nbsp; 5117584 |
| BPR Trust<sup>(a),(b)</sup>  | BPR Trust<sup>(a),(b)</sup>  | BPR Trust<sup>(a),(b)</sup>  | BPR Trust<sup>(a),(b)</sup>  |
| Series 2021-NRD Class A | Series 2021-NRD Class A | Series 2021-NRD Class A | Series 2021-NRD Class A |
| 1-month Term SOFR + 1.525% <br>Floor 1.525% <br>12/15/2038<br>| &nbsp;&nbsp; 5.888% | 3045000 | &nbsp;&nbsp; 3022429 |
| BPR Trust<sup>(a),(d)</sup>  | BPR Trust<sup>(a),(d)</sup>  | BPR Trust<sup>(a),(d)</sup>  | BPR Trust<sup>(a),(d)</sup>  |
| Series 2023-BRK2 Class A | Series 2023-BRK2 Class A | Series 2023-BRK2 Class A | Series 2023-BRK2 Class A |
| 11/05/2028 | &nbsp;&nbsp; 7.147% | 5400000 | &nbsp;&nbsp; 5685883 |
| BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-VOLT Class G | Series 2021-VOLT Class G | Series 2021-VOLT Class G | Series 2021-VOLT Class G |
| 1-month Term SOFR + 2.964% <br>Floor 2.850% <br>09/15/2036<br>| &nbsp;&nbsp; 7.328% | 2906484 | &nbsp;&nbsp; 2862887 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2022-CSMO Class A | Series 2022-CSMO Class A | Series 2022-CSMO Class A | Series 2022-CSMO Class A |
| 1-month Term SOFR + 2.115% <br>Floor 2.115% <br>06/15/2027<br>| &nbsp;&nbsp; 6.478% | 5918000 | &nbsp;&nbsp; 5949441 |
| Series 2023-VLT3 Class A | Series 2023-VLT3 Class A | Series 2023-VLT3 Class A | Series 2023-VLT3 Class A |
| 1-month Term SOFR + 1.940% <br>Floor 1.940% <br>11/15/2028<br>| &nbsp;&nbsp; 6.303% | 3500000 | &nbsp;&nbsp; 3500076 |
| Series 2023-XL3 Class A | Series 2023-XL3 Class A | Series 2023-XL3 Class A | Series 2023-XL3 Class A |
| 1-month Term SOFR + 1.761% <br>Floor 1.761% <br>12/09/2040<br>| &nbsp;&nbsp; 6.125% | 3580044 | &nbsp;&nbsp; 3586757 |
| Series 2024-AIR2 Class A | Series 2024-AIR2 Class A | Series 2024-AIR2 Class A | Series 2024-AIR2 Class A |
| 1-month Term SOFR + 1.492% <br>Floor 1.492% <br>10/15/2041<br>| &nbsp;&nbsp; 5.855% | 3357130 | &nbsp;&nbsp; 3362376 |
| Series 2024-AIRC Class A | Series 2024-AIRC Class A | Series 2024-AIRC Class A | Series 2024-AIRC Class A |
| 1-month Term SOFR + 1.691% <br>Floor 1.691% <br>08/15/2039<br>| &nbsp;&nbsp; 6.033% | 4680976 | &nbsp;&nbsp; 4697078 |
| Series 2024-GPA3 Class A | Series 2024-GPA3 Class A | Series 2024-GPA3 Class A | Series 2024-GPA3 Class A |
| 1-month Term SOFR + 1.293% <br>Floor 1.293% <br>12/15/2039<br>| &nbsp;&nbsp; 5.657% | 4584791 | &nbsp;&nbsp; 4600517 |
| Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E |
| 1-month Term SOFR + 2.285% <br>Floor 2.171% <br>10/15/2036<br>| &nbsp;&nbsp; 6.649% | 1925000 | &nbsp;&nbsp; 1922599 |
| Subordinated Series 2021-IRON Class E | Subordinated Series 2021-IRON Class E | Subordinated Series 2021-IRON Class E | Subordinated Series 2021-IRON Class E |
| 1-month Term SOFR + 2.464% <br>Floor 2.350% <br>02/15/2038<br>| &nbsp;&nbsp; 6.828% | 2822134 | &nbsp;&nbsp; 2735027 |
| Subordinated Series 2021-SOAR Class F | Subordinated Series 2021-SOAR Class F | Subordinated Series 2021-SOAR Class F | Subordinated Series 2021-SOAR Class F |
| 1-month Term SOFR + 2.464% <br>Floor 2.350% <br>06/15/2038<br>| &nbsp;&nbsp; 6.828% | 6400186 | &nbsp;&nbsp; 6400186 |
| Subordinated Series 2022-CSMO Class B | Subordinated Series 2022-CSMO Class B | Subordinated Series 2022-CSMO Class B | Subordinated Series 2022-CSMO Class B |
| 1-month Term SOFR + 3.141% <br>Floor 3.141% <br>06/15/2027<br>| &nbsp;&nbsp; 7.504% | 3490000 | &nbsp;&nbsp; 3510724 |
| Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D |
| 1-month Term SOFR + 2.690% <br>Floor 2.690% <br>02/15/2039<br>| &nbsp;&nbsp; 7.053% | 2656364 | &nbsp;&nbsp; 2662174 |
| Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C |
| 1-month Term SOFR + 1.941% <br>Floor 1.941% <br>03/15/2041<br>| &nbsp;&nbsp; 6.304% | 3791019 | &nbsp;&nbsp; 3798127 |
| BX Commercial Mortgage Trust<sup>(a),(d)</sup>  | BX Commercial Mortgage Trust<sup>(a),(d)</sup>  | BX Commercial Mortgage Trust<sup>(a),(d)</sup>  | BX Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B |
| 03/09/2044 | &nbsp;&nbsp; 3.662% | 5780000 | &nbsp;&nbsp; 5443461 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-PALM Class B | Series 2024-PALM Class B | Series 2024-PALM Class B | Series 2024-PALM Class B |
| 1-month Term SOFR + 1.791% <br>Floor 1.791% <br>06/15/2037<br>| &nbsp;&nbsp; 6.133% | 1730769 | &nbsp;&nbsp; 1722990 |
| BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  |
| 1-month Term SOFR + 2.090% <br>Floor 2.090% <br>03/15/2041<br>| &nbsp;&nbsp; 6.453% | 11000000 | &nbsp;&nbsp; 11020628 |
| Series 2021-ARIA Class E | Series 2021-ARIA Class E | Series 2021-ARIA Class E | Series 2021-ARIA Class E |
| 1-month Term SOFR + 2.359% <br>Floor 2.245% <br>10/15/2036<br>| &nbsp;&nbsp; 6.723% | 3000000 | &nbsp;&nbsp; 3001875 |
| Series 2021-LGCY Class D | Series 2021-LGCY Class D | Series 2021-LGCY Class D | Series 2021-LGCY Class D |
| 1-month Term SOFR + 1.302% <br>Floor 1.302% <br>10/15/2036<br>| &nbsp;&nbsp; 5.780% | 590000 | &nbsp;&nbsp; 587788 |
| Series 2023-DELC Class A | Series 2023-DELC Class A | Series 2023-DELC Class A | Series 2023-DELC Class A |
| 1-month Term SOFR + 2.690% <br>Floor 2.690% <br>05/15/2038<br>| &nbsp;&nbsp; 7.053% | 2000000 | &nbsp;&nbsp; 2011250 |
| Series 2024-CNYN Class C | Series 2024-CNYN Class C | Series 2024-CNYN Class C | Series 2024-CNYN Class C |
| 1-month Term SOFR + 1.941% <br>Floor 1.941% <br>04/15/2029<br>| &nbsp;&nbsp; 6.304% | 1572385 | &nbsp;&nbsp; 1575824 |
| Series 2024-VLT4 Class A | Series 2024-VLT4 Class A | Series 2024-VLT4 Class A | Series 2024-VLT4 Class A |
| 1-month Term SOFR + 1.491% <br>Floor 1.491% <br>07/15/2029<br>| &nbsp;&nbsp; 5.855% | 5790000 | &nbsp;&nbsp; 5793611 |
| Series 2025-LUNR Class A | Series 2025-LUNR Class A | Series 2025-LUNR Class A | Series 2025-LUNR Class A |
| 1-month Term SOFR + 1.650% <br>06/15/2040<br>| &nbsp;&nbsp; 5.863% | 9140000 | &nbsp;&nbsp; 9159994 |
| Series 2025-LUNR Class B | Series 2025-LUNR Class B | Series 2025-LUNR Class B | Series 2025-LUNR Class B |
| 1-month Term SOFR + 1.850% <br>Floor 1.850% <br>06/15/2040<br>| &nbsp;&nbsp; 6.213% | 4500000 | &nbsp;&nbsp; 4512656 |
| Series 2025-ROIC Class C | Series 2025-ROIC Class C | Series 2025-ROIC Class C | Series 2025-ROIC Class C |
| 1-month Term SOFR + 1.543% <br>Floor 1.693% <br>03/15/2030<br>| &nbsp;&nbsp; 5.872% | 2490288 | &nbsp;&nbsp; 2484061 |
| Series 2025-TAIL Class A | Series 2025-TAIL Class A | Series 2025-TAIL Class A | Series 2025-TAIL Class A |
| 1-month Term SOFR + 1.400% <br>Floor 1.400% <br>06/15/2035<br>| &nbsp;&nbsp; 5.742% | 6310000 | &nbsp;&nbsp; 6317892 |
| Series 2025-VLT6 Class C | Series 2025-VLT6 Class C | Series 2025-VLT6 Class C | Series 2025-VLT6 Class C |
| 1-month Term SOFR + 2.192% <br>03/15/2042<br>| &nbsp;&nbsp; 6.555% | 5000000 | &nbsp;&nbsp; 4992176 |
| Series 2025-VLT7 Class A | Series 2025-VLT7 Class A | Series 2025-VLT7 Class A | Series 2025-VLT7 Class A |
| 1-month Term SOFR + 1.650% <br>Floor 1.700% <br>07/15/2027<br>| &nbsp;&nbsp; 6.063% | 9280000 | &nbsp;&nbsp; 9314725 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B |
| 1-month Term SOFR + 2.000% <br>Floor 2.000% <br>07/15/2027<br>| &nbsp;&nbsp; 6.363% |  | 5100000 | &nbsp;&nbsp; 5112755 |
| Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E |
| 1-month Term SOFR + 2.700% <br>Floor 2.700% <br>01/15/2039<br>| &nbsp;&nbsp; 7.063% |  | 5000000 | &nbsp;&nbsp; 4958551 |
| BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  |
| Series 2019-OC11 Class A | Series 2019-OC11 Class A | Series 2019-OC11 Class A | Series 2019-OC11 Class A | Series 2019-OC11 Class A |
| 12/09/2041 | &nbsp;&nbsp; 3.202% |  | 1115000 | &nbsp;&nbsp; 1054371 |
| BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  |
| Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A |
| 1-month Term SOFR + 0.764% <br>Floor 0.650% <br>08/15/2036<br>| &nbsp;&nbsp; 5.128% |  | 7000000 | &nbsp;&nbsp; 6765753 |
| Caister Finance DAC<sup>(a),(b)</sup>  | Caister Finance DAC<sup>(a),(b)</sup>  | Caister Finance DAC<sup>(a),(b)</sup>  | Caister Finance DAC<sup>(a),(b)</sup>  | Caister Finance DAC<sup>(a),(b)</sup>  |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| SONIA + 2.840% <br>08/17/2035<br>| &nbsp;&nbsp; 6.810% | GBP | 2500000 | &nbsp;&nbsp; 3372708 |
| CAMB Commercial Mortgage Trust<sup>(a)</sup>  | CAMB Commercial Mortgage Trust<sup>(a)</sup>  | CAMB Commercial Mortgage Trust<sup>(a)</sup>  | CAMB Commercial Mortgage Trust<sup>(a)</sup>  | CAMB Commercial Mortgage Trust<sup>(a)</sup>  |
| Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A |
| 11/10/2046 | &nbsp;&nbsp; 2.700% |  | 7200000 | &nbsp;&nbsp; 6191476 |
| Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending |
| Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 |
| 05/15/2052 | &nbsp;&nbsp; 3.623% |  | 3391244 | &nbsp;&nbsp; 3288738 |
| Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 |
| 01/15/2053 | &nbsp;&nbsp; 2.752% |  | 16100000 | &nbsp;&nbsp; 15044861 |
| Cantor Commercial Real Estate Lending<sup>(d),(e)</sup>  | Cantor Commercial Real Estate Lending<sup>(d),(e)</sup>  | Cantor Commercial Real Estate Lending<sup>(d),(e)</sup>  | Cantor Commercial Real Estate Lending<sup>(d),(e)</sup>  | Cantor Commercial Real Estate Lending<sup>(d),(e)</sup>  |
| Series 2019-CF2 Class XA | Series 2019-CF2 Class XA | Series 2019-CF2 Class XA | Series 2019-CF2 Class XA | Series 2019-CF2 Class XA |
| 11/15/2052 | &nbsp;&nbsp; 1.303% |  | 37467277 | &nbsp;&nbsp; 1297364 |
| CCUBS Commercial Mortgage Trust<sup>(d)</sup>  | CCUBS Commercial Mortgage Trust<sup>(d)</sup>  | CCUBS Commercial Mortgage Trust<sup>(d)</sup>  | CCUBS Commercial Mortgage Trust<sup>(d)</sup>  | CCUBS Commercial Mortgage Trust<sup>(d)</sup>  |
| Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B |
| 11/15/2050 | &nbsp;&nbsp; 4.159% |  | 1505000 | &nbsp;&nbsp; 1423811 |
| CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 |
| 08/10/2049 | &nbsp;&nbsp; 2.459% |  | 13995435 | &nbsp;&nbsp; 13832777 |
| Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 |
| 11/13/2050 | &nbsp;&nbsp; 3.190% |  | 20000000 | &nbsp;&nbsp; 19595240 |
| CD Mortgage Trust<sup>(d),(e)</sup>  | CD Mortgage Trust<sup>(d),(e)</sup>  | CD Mortgage Trust<sup>(d),(e)</sup>  | CD Mortgage Trust<sup>(d),(e)</sup>  | CD Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2019-CD8 Class XA | Series 2019-CD8 Class XA | Series 2019-CD8 Class XA | Series 2019-CD8 Class XA | Series 2019-CD8 Class XA |
| 08/15/2057 | &nbsp;&nbsp; 1.524% |  | 44851348 | &nbsp;&nbsp; 1925728 |
| CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| Series 2016-C4 Class A4 | Series 2016-C4 Class A4 | Series 2016-C4 Class A4 | Series 2016-C4 Class A4 | Series 2016-C4 Class A4 |
| 05/10/2058 | &nbsp;&nbsp; 3.283% |  | 5900000 | &nbsp;&nbsp; 5858116 |
| CFCRE Commercial Mortgage Trust<sup>(d),(e)</sup>  | CFCRE Commercial Mortgage Trust<sup>(d),(e)</sup>  | CFCRE Commercial Mortgage Trust<sup>(d),(e)</sup>  | CFCRE Commercial Mortgage Trust<sup>(d),(e)</sup>  | CFCRE Commercial Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2016-C4 Class XA | Series 2016-C4 Class XA | Series 2016-C4 Class XA | Series 2016-C4 Class XA | Series 2016-C4 Class XA |
| 05/10/2058 | &nbsp;&nbsp; 1.693% |  | 36065212 | &nbsp;&nbsp; 96850 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 |
| 06/10/2048 | &nbsp;&nbsp; 3.762% | 331192 | &nbsp;&nbsp; 325300 |
| Series 2015-GC35 Class A3 | Series 2015-GC35 Class A3 | Series 2015-GC35 Class A3 | Series 2015-GC35 Class A3 |
| 11/10/2048 | &nbsp;&nbsp; 3.549% | 4218018 | &nbsp;&nbsp; 4194728 |
| Series 2016-GC37 Class A4 | Series 2016-GC37 Class A4 | Series 2016-GC37 Class A4 | Series 2016-GC37 Class A4 |
| 04/10/2049 | &nbsp;&nbsp; 3.314% | 2875000 | &nbsp;&nbsp; 2857086 |
| Series 2019-C7 Class A4 | Series 2019-C7 Class A4 | Series 2019-C7 Class A4 | Series 2019-C7 Class A4 |
| 12/15/2072 | &nbsp;&nbsp; 3.102% | 3985000 | &nbsp;&nbsp; 3777247 |
| Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 |
| 11/10/2052 | &nbsp;&nbsp; 2.782% | 9998685 | &nbsp;&nbsp; 9401517 |
| Citigroup Commercial Mortgage Trust<sup>(a),(b)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(b)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(b)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-PRM2 Class F | Series 2021-PRM2 Class F | Series 2021-PRM2 Class F | Series 2021-PRM2 Class F |
| 1-month Term SOFR + 3.864% <br>Floor 3.750% <br>10/15/2036<br>| &nbsp;&nbsp; 8.228% | 1500000 | &nbsp;&nbsp; 1491275 |
| Citigroup Commercial Mortgage Trust<sup>(a),(d)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(d)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(d)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2016-C2 Class E | Subordinated Series 2016-C2 Class E | Subordinated Series 2016-C2 Class E | Subordinated Series 2016-C2 Class E |
| 08/10/2049 | &nbsp;&nbsp; 4.529% | 2420000 | &nbsp;&nbsp; 2153733 |
| Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C |
| 06/10/2028 | &nbsp;&nbsp; 6.048% | 1000000 | &nbsp;&nbsp; 1013667 |
| COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  |
| Series 2024-277P Class A | Series 2024-277P Class A | Series 2024-277P Class A | Series 2024-277P Class A |
| 08/10/2044 | &nbsp;&nbsp; 6.338% | 12870000 | &nbsp;&nbsp; 13599279 |
| COMM Mortgage Trust<sup>(a),(d),(e)</sup>  | COMM Mortgage Trust<sup>(a),(d),(e)</sup>  | COMM Mortgage Trust<sup>(a),(d),(e)</sup>  | COMM Mortgage Trust<sup>(a),(d),(e)</sup>  |
| Series 2024-277P Class X | Series 2024-277P Class X | Series 2024-277P Class X | Series 2024-277P Class X |
| 08/10/2044 | &nbsp;&nbsp; 0.894% | 7580000 | &nbsp;&nbsp; 193971 |
| COMM Mortgage Trust<sup>(a),(d)</sup>  | COMM Mortgage Trust<sup>(a),(d)</sup>  | COMM Mortgage Trust<sup>(a),(d)</sup>  | COMM Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2024-CBM Class A2 | Series 2024-CBM Class A2 | Series 2024-CBM Class A2 | Series 2024-CBM Class A2 |
| 12/10/2041 | &nbsp;&nbsp; 5.867% | 2115000 | &nbsp;&nbsp; 2150840 |
| Series 2024-CBM Class B | Series 2024-CBM Class B | Series 2024-CBM Class B | Series 2024-CBM Class B |
| 12/10/2041 | &nbsp;&nbsp; 6.511% | 1250000 | &nbsp;&nbsp; 1278010 |
| COMM Mortgage Trust<sup>(d)</sup>  | COMM Mortgage Trust<sup>(d)</sup>  | COMM Mortgage Trust<sup>(d)</sup>  | COMM Mortgage Trust<sup>(d)</sup>  |
| Subordinated Series 2015-CR27 Class B | Subordinated Series 2015-CR27 Class B | Subordinated Series 2015-CR27 Class B | Subordinated Series 2015-CR27 Class B |
| 10/10/2048 | &nbsp;&nbsp; 4.337% | 1000000 | &nbsp;&nbsp; 976760 |
| Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B |
| 09/10/2050 | &nbsp;&nbsp; 4.206% | 2500000 | &nbsp;&nbsp; 2406108 |
| COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust |
| Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B |
| 10/10/2049 | &nbsp;&nbsp; 3.897% | 3000000 | &nbsp;&nbsp; 2838890 |
| Commercial Mortgage Pass-Through Certificates<sup>(a)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(a)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(a)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(a)</sup>  |
| Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 |
| 10/05/2030 | &nbsp;&nbsp; 3.400% | 2489022 | &nbsp;&nbsp; 2414351 |
| Commercial Mortgage Trust | Commercial Mortgage Trust | Commercial Mortgage Trust | Commercial Mortgage Trust |
| Series 2014-UBS4 Class A5 | Series 2014-UBS4 Class A5 | Series 2014-UBS4 Class A5 | Series 2014-UBS4 Class A5 |
| 08/10/2047 | &nbsp;&nbsp; 3.694% | 54487 | &nbsp;&nbsp; 53738 |
| Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 |
| 10/10/2049 | &nbsp;&nbsp; 2.826% | 8238692 | &nbsp;&nbsp; 8128375 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  |
| Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A |
| 1-month Term SOFR + 1.642% <br>Floor 1.642% <br>08/15/2041<br>| &nbsp;&nbsp; 5.984% | 1500000 | &nbsp;&nbsp; 1499063 |
| Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  |
| Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 |
| 09/15/2037 | &nbsp;&nbsp; 3.953% | 14800000 | &nbsp;&nbsp; 13579148 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| Series 2019-C16 Class A3 | Series 2019-C16 Class A3 | Series 2019-C16 Class A3 | Series 2019-C16 Class A3 |
| 06/15/2052 | &nbsp;&nbsp; 3.329% | 3000000 | &nbsp;&nbsp; 2892083 |
| Series 2019-C18 Class A4 | Series 2019-C18 Class A4 | Series 2019-C18 Class A4 | Series 2019-C18 Class A4 |
| 12/15/2052 | &nbsp;&nbsp; 2.968% | 3345000 | &nbsp;&nbsp; 3144333 |
| CSAIL Commercial Mortgage Trust<sup>(d)</sup>  | CSAIL Commercial Mortgage Trust<sup>(d)</sup>  | CSAIL Commercial Mortgage Trust<sup>(d)</sup>  | CSAIL Commercial Mortgage Trust<sup>(d)</sup>  |
| Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B |
| 11/15/2051 | &nbsp;&nbsp; 5.040% | 1000000 | &nbsp;&nbsp; 954668 |
| Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B |
| 03/15/2053 | &nbsp;&nbsp; 3.476% | 2740000 | &nbsp;&nbsp; 2308345 |
| Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C |
| 03/15/2053 | &nbsp;&nbsp; 3.733% | 2345000 | &nbsp;&nbsp; 1910675 |
| DBJPM Mortgage Trust<sup>(d),(e)</sup>  | DBJPM Mortgage Trust<sup>(d),(e)</sup>  | DBJPM Mortgage Trust<sup>(d),(e)</sup>  | DBJPM Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2020-C9 Class XA | Series 2020-C9 Class XA | Series 2020-C9 Class XA | Series 2020-C9 Class XA |
| 09/15/2053 | &nbsp;&nbsp; 1.699% | 36703406 | &nbsp;&nbsp; 1723093 |
| DBWF Mortgage Trust<sup>(a),(d)</sup>  | DBWF Mortgage Trust<sup>(a),(d)</sup>  | DBWF Mortgage Trust<sup>(a),(d)</sup>  | DBWF Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2016-85T Class D | Series 2016-85T Class D | Series 2016-85T Class D | Series 2016-85T Class D |
| 12/10/2036 | &nbsp;&nbsp; 3.935% | 2000000 | &nbsp;&nbsp; 1891532 |
| DC Commercial Mortgage Trust<sup>(a)</sup>  | DC Commercial Mortgage Trust<sup>(a)</sup>  | DC Commercial Mortgage Trust<sup>(a)</sup>  | DC Commercial Mortgage Trust<sup>(a)</sup>  |
| Series 2023-DC Class A | Series 2023-DC Class A | Series 2023-DC Class A | Series 2023-DC Class A |
| 09/12/2040 | &nbsp;&nbsp; 6.314% | 7175000 | &nbsp;&nbsp; 7512546 |
| DK Trust<sup>(a),(b)</sup>  | DK Trust<sup>(a),(b)</sup>  | DK Trust<sup>(a),(b)</sup>  | DK Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D |
| 1-month Term SOFR + 2.750% <br>Floor 1.500% <br>03/15/2034<br>| &nbsp;&nbsp; 7.092% | 1500000 | &nbsp;&nbsp; 1502813 |
| DTP Commercial Mortgage Trust<sup>(a),(d)</sup>  | DTP Commercial Mortgage Trust<sup>(a),(d)</sup>  | DTP Commercial Mortgage Trust<sup>(a),(d)</sup>  | DTP Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2023-STE2 Class A | Series 2023-STE2 Class A | Series 2023-STE2 Class A | Series 2023-STE2 Class A |
| 01/15/2041 | &nbsp;&nbsp; 6.038% | 2000000 | &nbsp;&nbsp; 2056435 |
| ELM Trust<sup>(a),(d)</sup>  | ELM Trust<sup>(a),(d)</sup>  | ELM Trust<sup>(a),(d)</sup>  | ELM Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 |
| 06/10/2039 | &nbsp;&nbsp; 6.396% | 5000000 | &nbsp;&nbsp; 5041624 |
| Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  |
| Series 2021-ESH Class E | Series 2021-ESH Class E | Series 2021-ESH Class E | Series 2021-ESH Class E |
| 1-month Term SOFR + 2.964% <br>Floor 2.850% <br>07/15/2038<br>| &nbsp;&nbsp; 7.328% | 2552687 | &nbsp;&nbsp; 2551890 |
| Fashion Show Mall LLC<sup>(a),(d)</sup>  | Fashion Show Mall LLC<sup>(a),(d)</sup>  | Fashion Show Mall LLC<sup>(a),(d)</sup>  | Fashion Show Mall LLC<sup>(a),(d)</sup>  |
| Series 2024-SHOW Class A | Series 2024-SHOW Class A | Series 2024-SHOW Class A | Series 2024-SHOW Class A |
| 10/10/2029 | &nbsp;&nbsp; 5.104% | 5000000 | &nbsp;&nbsp; 5073696 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  |
| Series 2020-SFR1 Class A | Series 2020-SFR1 Class A | Series 2020-SFR1 Class A | Series 2020-SFR1 Class A |
| 08/17/2037 | &nbsp;&nbsp; 1.339% | 5848717 | &nbsp;&nbsp; 5835515 |
| Subordinated Series 2020-SFR2 Class E | Subordinated Series 2020-SFR2 Class E | Subordinated Series 2020-SFR2 Class E | Subordinated Series 2020-SFR2 Class E |
| 10/19/2037 | &nbsp;&nbsp; 2.668% | 3432000 | &nbsp;&nbsp; 3409027 |
| Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 |
| 08/17/2038 | &nbsp;&nbsp; 3.452% | 8580000 | &nbsp;&nbsp; 8406708 |
| Fontainebleau Miami Beach Mortgage Trust<sup>(a),(b)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(a),(b)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(a),(b)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-FBLU Class C | Series 2024-FBLU Class C | Series 2024-FBLU Class C | Series 2024-FBLU Class C |
| 1-month Term SOFR + 2.150% <br>Floor 2.150% <br>12/15/2039<br>| &nbsp;&nbsp; 6.513% | 1000000 | &nbsp;&nbsp; 1000939 |
| Series 2024-FBLU Class D | Series 2024-FBLU Class D | Series 2024-FBLU Class D | Series 2024-FBLU Class D |
| 1-month Term SOFR + 2.600% <br>Floor 2.600% <br>12/15/2039<br>| &nbsp;&nbsp; 6.963% | 2500000 | &nbsp;&nbsp; 2503126 |
| FS Rialto<sup>(a),(b)</sup>  | FS Rialto<sup>(a),(b)</sup>  | FS Rialto<sup>(a),(b)</sup>  | FS Rialto<sup>(a),(b)</sup>  |
| Series 2021-FL3 Class A | Series 2021-FL3 Class A | Series 2021-FL3 Class A | Series 2021-FL3 Class A |
| 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>11/16/2036<br>| &nbsp;&nbsp; 5.724% | 1243264 | &nbsp;&nbsp; 1242438 |
| FS Rialto Issuer LLC<sup>(a),(b)</sup>  | FS Rialto Issuer LLC<sup>(a),(b)</sup>  | FS Rialto Issuer LLC<sup>(a),(b)</sup>  | FS Rialto Issuer LLC<sup>(a),(b)</sup>  |
| Series 2025-FL10 Class A | Series 2025-FL10 Class A | Series 2025-FL10 Class A | Series 2025-FL10 Class A |
| 1-month Term SOFR + 1.385% <br>02/01/2030<br>| &nbsp;&nbsp; 5.738% | 5000000 | &nbsp;&nbsp; 5003128 |
| GAM Resecuritization Trust<sup>(a),(d)</sup>  | GAM Resecuritization Trust<sup>(a),(d)</sup>  | GAM Resecuritization Trust<sup>(a),(d)</sup>  | GAM Resecuritization Trust<sup>(a),(d)</sup>  |
| Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 |
| 01/29/2052 | &nbsp;&nbsp; 1.988% | 3736000 | &nbsp;&nbsp; 3431015 |
| GAM Resecuritization Trust<sup>(a),(g)</sup>  | GAM Resecuritization Trust<sup>(a),(g)</sup>  | GAM Resecuritization Trust<sup>(a),(g)</sup>  | GAM Resecuritization Trust<sup>(a),(g)</sup>  |
| Subordinated Series 2022-FRR3 Class CK47 | Subordinated Series 2022-FRR3 Class CK47 | Subordinated Series 2022-FRR3 Class CK47 | Subordinated Series 2022-FRR3 Class CK47 |
| 05/27/2048 | &nbsp;&nbsp; 0.000% | 40925 | &nbsp;&nbsp; 40277 |
| Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 |
| 05/27/2048 | &nbsp;&nbsp; 0.000% | 1473000 | &nbsp;&nbsp; 1417926 |
| Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B |
| 1-month Term SOFR + 2.141% <br>05/15/2041<br>| &nbsp;&nbsp; 6.504% | 4957000 | &nbsp;&nbsp; 4977137 |
| Greystone CRE Notes LLC<sup>(a),(b)</sup>  | Greystone CRE Notes LLC<sup>(a),(b)</sup>  | Greystone CRE Notes LLC<sup>(a),(b)</sup>  | Greystone CRE Notes LLC<sup>(a),(b)</sup>  |
| Series 2025-FL4 Class A | Series 2025-FL4 Class A | Series 2025-FL4 Class A | Series 2025-FL4 Class A |
| 1-month Term SOFR + 1.481% <br>Floor 1.481% <br>01/15/2043<br>| &nbsp;&nbsp; 5.913% | 2500000 | &nbsp;&nbsp; 2510416 |
| GS Mortgage Securities Corp II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp II<sup>(a),(d)</sup>  |
| Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A |
| 09/10/2037 | &nbsp;&nbsp; 3.591% | 5000000 | &nbsp;&nbsp; 4834650 |
| GS Mortgage Securities Corp. II<sup>(a)</sup>  | GS Mortgage Securities Corp. II<sup>(a)</sup>  | GS Mortgage Securities Corp. II<sup>(a)</sup>  | GS Mortgage Securities Corp. II<sup>(a)</sup>  |
| Series 2012-BWTR Class A | Series 2012-BWTR Class A | Series 2012-BWTR Class A | Series 2012-BWTR Class A |
| 11/05/2034 | &nbsp;&nbsp; 2.954% | 3679823 | &nbsp;&nbsp; 3112910 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GS Mortgage Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(d)</sup>  |
| Series 2024-RVR Class A | Series 2024-RVR Class A | Series 2024-RVR Class A | Series 2024-RVR Class A |
| 08/10/2029 | &nbsp;&nbsp; 5.372% | 10100000 | &nbsp;&nbsp; 10231456 |
| Series 2024-RVR Class B | Series 2024-RVR Class B | Series 2024-RVR Class B | Series 2024-RVR Class B |
| 08/10/2029 | &nbsp;&nbsp; 5.723% | 2569000 | &nbsp;&nbsp; 2601253 |
| GS Mortgage Securities Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Trust<sup>(a),(d)</sup>  | GS Mortgage Securities Trust<sup>(a),(d)</sup>  |
| Series 2013-PEMB Class A | Series 2013-PEMB Class A | Series 2013-PEMB Class A | Series 2013-PEMB Class A |
| 03/05/2033 | &nbsp;&nbsp; 3.668% | 2010000 | &nbsp;&nbsp; 1761242 |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| Series 2016-GS2 Class A3 | Series 2016-GS2 Class A3 | Series 2016-GS2 Class A3 | Series 2016-GS2 Class A3 |
| 05/10/2049 | &nbsp;&nbsp; 2.791% | 3788687 | &nbsp;&nbsp; 3760150 |
| Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 |
| 08/10/2050 | &nbsp;&nbsp; 3.167% | 10000000 | &nbsp;&nbsp; 9792242 |
| Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 |
| 11/10/2050 | &nbsp;&nbsp; 3.205% | 20000000 | &nbsp;&nbsp; 19575372 |
| Series 2019-GSA1 Class A4 | Series 2019-GSA1 Class A4 | Series 2019-GSA1 Class A4 | Series 2019-GSA1 Class A4 |
| 11/10/2052 | &nbsp;&nbsp; 3.048% | 3000000 | &nbsp;&nbsp; 2835868 |
| Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 |
| 02/13/2053 | &nbsp;&nbsp; 2.911% | 1810000 | &nbsp;&nbsp; 1695961 |
| Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B |
| 05/10/2052 | &nbsp;&nbsp; 3.970% | 1000000 | &nbsp;&nbsp; 900580 |
| GS Mortgage Securities Trust<sup>(d)</sup>  | GS Mortgage Securities Trust<sup>(d)</sup>  | GS Mortgage Securities Trust<sup>(d)</sup>  | GS Mortgage Securities Trust<sup>(d)</sup>  |
| Subordinated Series 2015-GC30 Class AS | Subordinated Series 2015-GC30 Class AS | Subordinated Series 2015-GC30 Class AS | Subordinated Series 2015-GC30 Class AS |
| 05/10/2050 | &nbsp;&nbsp; 3.777% | 226316 | &nbsp;&nbsp; 221224 |
| HGI CRE CLO Ltd.<sup>(a),(b)</sup>  | HGI CRE CLO Ltd.<sup>(a),(b)</sup>  | HGI CRE CLO Ltd.<sup>(a),(b)</sup>  | HGI CRE CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-FL3 Class A | Series 2022-FL3 Class A | Series 2022-FL3 Class A | Series 2022-FL3 Class A |
| 30-day Average SOFR + 1.700% <br>Floor 1.700% <br>04/20/2037<br>| &nbsp;&nbsp; 6.193% | 644906 | &nbsp;&nbsp; 644705 |
| HTL Commercial Mortgage Trust<sup>(a),(d)</sup>  | HTL Commercial Mortgage Trust<sup>(a),(d)</sup>  | HTL Commercial Mortgage Trust<sup>(a),(d)</sup>  | HTL Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2024-T53 Class A | Series 2024-T53 Class A | Series 2024-T53 Class A | Series 2024-T53 Class A |
| 05/10/2039 | &nbsp;&nbsp; 6.072% | 5500000 | &nbsp;&nbsp; 5578770 |
| Hudson Yards Mortgage Trust<sup>(a)</sup>  | Hudson Yards Mortgage Trust<sup>(a)</sup>  | Hudson Yards Mortgage Trust<sup>(a)</sup>  | Hudson Yards Mortgage Trust<sup>(a)</sup>  |
| Series 2019-30HY Class A | Series 2019-30HY Class A | Series 2019-30HY Class A | Series 2019-30HY Class A |
| 07/10/2039 | &nbsp;&nbsp; 3.228% | 2160000 | &nbsp;&nbsp; 2055549 |
| Hudson Yards Mortgage Trust<sup>(a),(d)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(d)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(d)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2025-SPRL Class B | Series 2025-SPRL Class B | Series 2025-SPRL Class B | Series 2025-SPRL Class B |
| 01/13/2040 | &nbsp;&nbsp; 5.758% | 3617000 | &nbsp;&nbsp; 3753824 |
| Hudsons Bay Simon JV Trust<sup>(a)</sup>  | Hudsons Bay Simon JV Trust<sup>(a)</sup>  | Hudsons Bay Simon JV Trust<sup>(a)</sup>  | Hudsons Bay Simon JV Trust<sup>(a)</sup>  |
| Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 |
| 08/05/2034 | &nbsp;&nbsp; 4.155% | 1820000 | &nbsp;&nbsp; 1817781 |
| Series 2015-HB7 Class A7 | Series 2015-HB7 Class A7 | Series 2015-HB7 Class A7 | Series 2015-HB7 Class A7 |
| 08/05/2034 | &nbsp;&nbsp; 3.914% | 362236 | &nbsp;&nbsp; 361889 |
| ILPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C |
| 07/15/2042 | &nbsp;&nbsp; 5.829% | 2500000 | &nbsp;&nbsp; 2542891 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C |
| 1-month Term SOFR + 2.250% <br>Floor 2.250% <br>03/15/2042<br>| &nbsp;&nbsp; 6.613% | 1380000 | &nbsp;&nbsp; 1376559 |
| Series 2025-STAY Class D | Series 2025-STAY Class D | Series 2025-STAY Class D | Series 2025-STAY Class D |
| 1-month Term SOFR + 2.850% <br>Floor 2.850%, Cap 2.850% <br>03/15/2042<br>| &nbsp;&nbsp; 7.213% | 6600000 | &nbsp;&nbsp; 6587641 |
| IP Mortgage Trust<sup>(a),(d)</sup>  | IP Mortgage Trust<sup>(a),(d)</sup>  | IP Mortgage Trust<sup>(a),(d)</sup>  | IP Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2025-IP Class A | Series 2025-IP Class A | Series 2025-IP Class A | Series 2025-IP Class A |
| 06/10/2042 | &nbsp;&nbsp; 5.250% | 4000000 | &nbsp;&nbsp; 4078323 |
| JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |
| Series 2015-C30 Class A5 | Series 2015-C30 Class A5 | Series 2015-C30 Class A5 | Series 2015-C30 Class A5 |
| 07/15/2048 | &nbsp;&nbsp; 3.822% | 189583 | &nbsp;&nbsp; 189032 |
| JPMCC_17-JP6 | JPMCC_17-JP6 | JPMCC_17-JP6 | JPMCC_17-JP6 |
| Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 |
| 07/15/2050 | &nbsp;&nbsp; 3.490% | 4872000 | &nbsp;&nbsp; 4741432 |
| JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| Series 2016-C4 Class A2 | Series 2016-C4 Class A2 | Series 2016-C4 Class A2 | Series 2016-C4 Class A2 |
| 12/15/2049 | &nbsp;&nbsp; 2.882% | 5094949 | &nbsp;&nbsp; 4969687 |
| Series 2017-C7 Class A5 | Series 2017-C7 Class A5 | Series 2017-C7 Class A5 | Series 2017-C7 Class A5 |
| 10/15/2050 | &nbsp;&nbsp; 3.409% | 1500000 | &nbsp;&nbsp; 1462900 |
| Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 |
| 11/13/2052 | &nbsp;&nbsp; 2.795% | 7500000 | &nbsp;&nbsp; 6934490 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  |
| Series 2018-WPT Class AFX | Series 2018-WPT Class AFX | Series 2018-WPT Class AFX | Series 2018-WPT Class AFX |
| 07/05/2033 | &nbsp;&nbsp; 4.248% | 13000000 | &nbsp;&nbsp; 12350000 |
| Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A |
| 06/05/2039 | &nbsp;&nbsp; 3.397% | 2110000 | &nbsp;&nbsp; 1993493 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  |
| Series 2021-MHC Class B | Series 2021-MHC Class B | Series 2021-MHC Class B | Series 2021-MHC Class B |
| 1-month Term SOFR + 1.414% <br>Floor 1.050% <br>04/15/2038<br>| &nbsp;&nbsp; 5.779% | 1700000 | &nbsp;&nbsp; 1700531 |
| Series 2025-BMS Class A | Series 2025-BMS Class A | Series 2025-BMS Class A | Series 2025-BMS Class A |
| 1-month Term SOFR + 1.600% <br>01/15/2042<br>| &nbsp;&nbsp; 5.912% | 2970000 | &nbsp;&nbsp; 2955143 |
| Series 2025-BMS Class B | Series 2025-BMS Class B | Series 2025-BMS Class B | Series 2025-BMS Class B |
| 1-month Term SOFR + 2.000% <br>Floor 2.000% <br>01/15/2042<br>| &nbsp;&nbsp; 6.312% | 7000000 | &nbsp;&nbsp; 6947469 |
| KIND Commercial Mortgage Trust<sup>(a),(b)</sup>  | KIND Commercial Mortgage Trust<sup>(a),(b)</sup>  | KIND Commercial Mortgage Trust<sup>(a),(b)</sup>  | KIND Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 1-month Term SOFR + 1.890% <br>Floor 1.890% <br>08/15/2041<br>| &nbsp;&nbsp; 6.202% | 2500000 | &nbsp;&nbsp; 2502339 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| KSL Commercial Mortgage Trust<sup>(a),(b)</sup>  | KSL Commercial Mortgage Trust<sup>(a),(b)</sup>  | KSL Commercial Mortgage Trust<sup>(a),(b)</sup>  | KSL Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-HT2 Class B | Series 2024-HT2 Class B | Series 2024-HT2 Class B | Series 2024-HT2 Class B |
| 1-month Term SOFR + 2.042% <br>Floor 2.042% <br>12/15/2039<br>| &nbsp;&nbsp; 6.405% | 5000000 | &nbsp;&nbsp; 4981293 |
| Ladder Capital Commercial Mortgage<sup>(a)</sup>  | Ladder Capital Commercial Mortgage<sup>(a)</sup>  | Ladder Capital Commercial Mortgage<sup>(a)</sup>  | Ladder Capital Commercial Mortgage<sup>(a)</sup>  |
| Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 |
| 07/12/2050 | &nbsp;&nbsp; 3.551% | 4500000 | &nbsp;&nbsp; 4414199 |
| Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 |
| 1-month Term SOFR + 1.295% <br>Floor 1.295% <br>05/15/2039<br>| &nbsp;&nbsp; 5.658% | 1500000 | &nbsp;&nbsp; 1458742 |
| LoanCore Issuer LLC<sup>(a),(b)</sup>  | LoanCore Issuer LLC<sup>(a),(b)</sup>  | LoanCore Issuer LLC<sup>(a),(b)</sup>  | LoanCore Issuer LLC<sup>(a),(b)</sup>  |
| Series 2025-CRE8 Class A | Series 2025-CRE8 Class A | Series 2025-CRE8 Class A | Series 2025-CRE8 Class A |
| 1-month Term SOFR + 1.385% <br>Floor 1.385% <br>08/17/2042<br>| &nbsp;&nbsp; 5.813% | 2000000 | &nbsp;&nbsp; 1999998 |
| LSTAR Commercial Mortgage Trust<sup>(a)</sup>  | LSTAR Commercial Mortgage Trust<sup>(a)</sup>  | LSTAR Commercial Mortgage Trust<sup>(a)</sup>  | LSTAR Commercial Mortgage Trust<sup>(a)</sup>  |
| Series 2017-5 Class A4 | Series 2017-5 Class A4 | Series 2017-5 Class A4 | Series 2017-5 Class A4 |
| 03/10/2050 | &nbsp;&nbsp; 3.390% | 800000 | &nbsp;&nbsp; 788608 |
| MED Commercial Mortgage Trust<sup>(a),(b)</sup>  | MED Commercial Mortgage Trust<sup>(a),(b)</sup>  | MED Commercial Mortgage Trust<sup>(a),(b)</sup>  | MED Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-MOB Class A | Series 2024-MOB Class A | Series 2024-MOB Class A | Series 2024-MOB Class A |
| 1-month Term SOFR + 1.592% <br>Floor 1.592% <br>05/15/2041<br>| &nbsp;&nbsp; 5.955% | 5200000 | &nbsp;&nbsp; 5171790 |
| MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  | MF1 LLC<sup>(a),(b)</sup>  |
| Series 2022-FL9 Class A | Series 2022-FL9 Class A | Series 2022-FL9 Class A | Series 2022-FL9 Class A |
| 1-month Term SOFR + 2.150% <br>Floor 2.150% <br>06/19/2037<br>| &nbsp;&nbsp; 6.503% | 2146002 | &nbsp;&nbsp; 2146002 |
| Series 2025-FL17 Class A | Series 2025-FL17 Class A | Series 2025-FL17 Class A | Series 2025-FL17 Class A |
| 1-month Term SOFR + 1.320% <br>Floor 1.320% <br>02/18/2040<br>| &nbsp;&nbsp; 5.680% | 2850000 | &nbsp;&nbsp; 2851783 |
| Series 2025-FL19 Class A | Series 2025-FL19 Class A | Series 2025-FL19 Class A | Series 2025-FL19 Class A |
| 1-month Term SOFR + 1.488% <br>Floor 1.488% <br>05/18/2042<br>| &nbsp;&nbsp; 5.838% | 3000000 | &nbsp;&nbsp; 3007503 |
| Series 2025-FL20 Class A | Series 2025-FL20 Class A | Series 2025-FL20 Class A | Series 2025-FL20 Class A |
| 1-month Term SOFR + 1.450% <br>Floor 1.450% <br>08/18/2037<br>| &nbsp;&nbsp; 5.800% | 4250000 | &nbsp;&nbsp; 4251327 |
| MHP Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHP Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHP Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHP Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C |
| 1-month Term SOFR + 2.050% <br>Floor 2.050% <br>09/15/2030<br>| &nbsp;&nbsp; 6.400% | 1000000 | &nbsp;&nbsp; 1000726 |
| Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D |
| 1-month Term SOFR + 2.650% <br>Floor 2.650% <br>09/15/2030<br>| &nbsp;&nbsp; 7.000% | 1500000 | &nbsp;&nbsp; 1501088 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MHP MHIL<sup>(a),(b)</sup>  | MHP MHIL<sup>(a),(b)</sup>  | MHP MHIL<sup>(a),(b)</sup>  | MHP MHIL<sup>(a),(b)</sup>  |
| Subordinated Series 2022 Class E | Subordinated Series 2022 Class E | Subordinated Series 2022 Class E | Subordinated Series 2022 Class E |
| 1-month Term SOFR + 2.611% <br>Floor 2.611% <br>01/15/2027<br>| &nbsp;&nbsp; 6.974% | 2400000 | &nbsp;&nbsp; 2400001 |
| MKT Mortgage Trust<sup>(a)</sup>  | MKT Mortgage Trust<sup>(a)</sup>  | MKT Mortgage Trust<sup>(a)</sup>  | MKT Mortgage Trust<sup>(a)</sup>  |
| Series 2020-525M Class A | Series 2020-525M Class A | Series 2020-525M Class A | Series 2020-525M Class A |
| 02/12/2040 | &nbsp;&nbsp; 2.694% | 1575000 | &nbsp;&nbsp; 1394269 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| Series 2016-C29 Class ASB | Series 2016-C29 Class ASB | Series 2016-C29 Class ASB | Series 2016-C29 Class ASB |
| 05/15/2049 | &nbsp;&nbsp; 3.140% | 16510 | &nbsp;&nbsp; 16474 |
| Series 2016-C30 Class A5 | Series 2016-C30 Class A5 | Series 2016-C30 Class A5 | Series 2016-C30 Class A5 |
| 09/15/2049 | &nbsp;&nbsp; 2.860% | 3010000 | &nbsp;&nbsp; 2949079 |
| Series 2017-C34 Class A4 | Series 2017-C34 Class A4 | Series 2017-C34 Class A4 | Series 2017-C34 Class A4 |
| 11/15/2052 | &nbsp;&nbsp; 3.536% | 2285000 | &nbsp;&nbsp; 2251334 |
| Subordinated Series 2015-C25 Class AS | Subordinated Series 2015-C25 Class AS | Subordinated Series 2015-C25 Class AS | Subordinated Series 2015-C25 Class AS |
| 10/15/2048 | &nbsp;&nbsp; 4.069% | 608803 | &nbsp;&nbsp; 607717 |
| Morgan Stanley Bank of America Merrill Lynch Trust<sup>(d)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(d)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(d)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(d)</sup>  |
| Subordinated Series 2015-C27 Class B | Subordinated Series 2015-C27 Class B | Subordinated Series 2015-C27 Class B | Subordinated Series 2015-C27 Class B |
| 12/15/2047 | &nbsp;&nbsp; 4.620% | 1750000 | &nbsp;&nbsp; 1706310 |
| Subordinated Series 2015-C27 Class C | Subordinated Series 2015-C27 Class C | Subordinated Series 2015-C27 Class C | Subordinated Series 2015-C27 Class C |
| 12/15/2047 | &nbsp;&nbsp; 4.620% | 3000000 | &nbsp;&nbsp; 2880115 |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust |
| Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 |
| 08/15/2049 | &nbsp;&nbsp; 2.531% | 8300158 | &nbsp;&nbsp; 8170374 |
| Series 2020-HR8 Class A4 | Series 2020-HR8 Class A4 | Series 2020-HR8 Class A4 | Series 2020-HR8 Class A4 |
| 07/15/2053 | &nbsp;&nbsp; 2.041% | 1500000 | &nbsp;&nbsp; 1347373 |
| Morgan Stanley Capital I Trust<sup>(d),(e)</sup>  | Morgan Stanley Capital I Trust<sup>(d),(e)</sup>  | Morgan Stanley Capital I Trust<sup>(d),(e)</sup>  | Morgan Stanley Capital I Trust<sup>(d),(e)</sup>  |
| Series 2021-L5 Class XA | Series 2021-L5 Class XA | Series 2021-L5 Class XA | Series 2021-L5 Class XA |
| 05/15/2054 | &nbsp;&nbsp; 1.386% | 31292076 | &nbsp;&nbsp; 1444361 |
| MTN Commercial Mortgage Trust<sup>(a),(b)</sup>  | MTN Commercial Mortgage Trust<sup>(a),(b)</sup>  | MTN Commercial Mortgage Trust<sup>(a),(b)</sup>  | MTN Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022-LPFL Class A | Series 2022-LPFL Class A | Series 2022-LPFL Class A | Series 2022-LPFL Class A |
| 1-month Term SOFR + 1.397% <br>Floor 1.397% <br>03/15/2039<br>| &nbsp;&nbsp; 5.760% | 2000000 | &nbsp;&nbsp; 1998750 |
| NJ Trust<sup>(a),(d)</sup>  | NJ Trust<sup>(a),(d)</sup>  | NJ Trust<sup>(a),(d)</sup>  | NJ Trust<sup>(a),(d)</sup>  |
| Series 2023-GSP Class A | Series 2023-GSP Class A | Series 2023-GSP Class A | Series 2023-GSP Class A |
| 01/06/2029 | &nbsp;&nbsp; 6.697% | 6800000 | &nbsp;&nbsp; 7180708 |
| NXPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | NXPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | NXPT Commercial Mortgage Trust<sup>(a),(d)</sup>  | NXPT Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2024-STOR Class B | Series 2024-STOR Class B | Series 2024-STOR Class B | Series 2024-STOR Class B |
| 11/01/2041 | &nbsp;&nbsp; 4.803% | 5000000 | &nbsp;&nbsp; 4972051 |
| NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A |
| 1-month Term SOFR + 1.213% <br>02/15/2042<br>| &nbsp;&nbsp; 5.555% | 3500000 | &nbsp;&nbsp; 3493126 |
| Series 2025-3BP Class C | Series 2025-3BP Class C | Series 2025-3BP Class C | Series 2025-3BP Class C |
| 1-month Term SOFR + 1.892% <br>Floor 1.892% <br>02/15/2042<br>| &nbsp;&nbsp; 6.234% | 3000000 | &nbsp;&nbsp; 3000065 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ONNI Commerical Mortgage Trust<sup>(a),(d)</sup>  | ONNI Commerical Mortgage Trust<sup>(a),(d)</sup>  | ONNI Commerical Mortgage Trust<sup>(a),(d)</sup>  | ONNI Commerical Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2024-APT Class A | Series 2024-APT Class A | Series 2024-APT Class A | Series 2024-APT Class A |
| 07/15/2039 | &nbsp;&nbsp; 5.753% | 2500000 | &nbsp;&nbsp; 2564729 |
| ORL Trust<sup>(a),(b)</sup>  | ORL Trust<sup>(a),(b)</sup>  | ORL Trust<sup>(a),(b)</sup>  | ORL Trust<sup>(a),(b)</sup>  |
| Series 2024-GLKS Class C | Series 2024-GLKS Class C | Series 2024-GLKS Class C | Series 2024-GLKS Class C |
| 1-month Term SOFR + 2.291% <br>Floor 2.291% <br>12/15/2039<br>| &nbsp;&nbsp; 6.655% | 5000000 | &nbsp;&nbsp; 5004697 |
| PFP Ltd.<sup>(a),(b)</sup>  | PFP Ltd.<sup>(a),(b)</sup>  | PFP Ltd.<sup>(a),(b)</sup>  | PFP Ltd.<sup>(a),(b)</sup>  |
| Series 2024-11 Class A | Series 2024-11 Class A | Series 2024-11 Class A | Series 2024-11 Class A |
| 1-month Term SOFR + 1.832% <br>Floor 1.832% <br>09/17/2039<br>| &nbsp;&nbsp; 6.190% | 2140144 | &nbsp;&nbsp; 2144160 |
| PRM Trust<sup>(a),(d)</sup>  | PRM Trust<sup>(a),(d)</sup>  | PRM Trust<sup>(a),(d)</sup>  | PRM Trust<sup>(a),(d)</sup>  |
| Series 2025-PRM6 Class A | Series 2025-PRM6 Class A | Series 2025-PRM6 Class A | Series 2025-PRM6 Class A |
| 07/05/2033 | &nbsp;&nbsp; 4.630% | 1000000 | &nbsp;&nbsp; 997060 |
| Series 2025-PRM6 Class C | Series 2025-PRM6 Class C | Series 2025-PRM6 Class C | Series 2025-PRM6 Class C |
| 07/05/2033 | &nbsp;&nbsp; 5.175% | 1000000 | &nbsp;&nbsp; 997997 |
| Series 2025-PRM6 Class D | Series 2025-PRM6 Class D | Series 2025-PRM6 Class D | Series 2025-PRM6 Class D |
| 07/05/2033 | &nbsp;&nbsp; 5.867% | 2000000 | &nbsp;&nbsp; 1998486 |
| RFM Re-REMIC Trust<sup>(a),(h)</sup>  | RFM Re-REMIC Trust<sup>(a),(h)</sup>  | RFM Re-REMIC Trust<sup>(a),(h)</sup>  | RFM Re-REMIC Trust<sup>(a),(h)</sup>  |
| Subordinated Series 2022-FRR1 Class CK60 | Subordinated Series 2022-FRR1 Class CK60 | Subordinated Series 2022-FRR1 Class CK60 | Subordinated Series 2022-FRR1 Class CK60 |
| 11/08/2049 | &nbsp;&nbsp; 0.000% | 450000 | &nbsp;&nbsp; 400716 |
| RFR Trust<sup>(a),(d)</sup>  | RFR Trust<sup>(a),(d)</sup>  | RFR Trust<sup>(a),(d)</sup>  | RFR Trust<sup>(a),(d)</sup>  |
| Series 2025-SGRM Class A | Series 2025-SGRM Class A | Series 2025-SGRM Class A | Series 2025-SGRM Class A |
| 03/11/2029 | &nbsp;&nbsp; 5.562% | 8180000 | &nbsp;&nbsp; 8378150 |
| SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  |
| Series 2023-SFS Class A | Series 2023-SFS Class A | Series 2023-SFS Class A | Series 2023-SFS Class A |
| 03/15/2040 | &nbsp;&nbsp; 5.910% | 3340000 | &nbsp;&nbsp; 3435886 |
| SDAL Trust<sup>(a),(b)</sup>  | SDAL Trust<sup>(a),(b)</sup>  | SDAL Trust<sup>(a),(b)</sup>  | SDAL Trust<sup>(a),(b)</sup>  |
| Series 2025-DAL Class A | Series 2025-DAL Class A | Series 2025-DAL Class A | Series 2025-DAL Class A |
| 1-month Term SOFR + 2.441% <br>Floor 2.441% <br>04/15/2030<br>| &nbsp;&nbsp; 6.783% | 1000000 | &nbsp;&nbsp; 1009480 |
| SDR Commercial Mortgage Trust<sup>(a),(b)</sup>  | SDR Commercial Mortgage Trust<sup>(a),(b)</sup>  | SDR Commercial Mortgage Trust<sup>(a),(b)</sup>  | SDR Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B |
| 1-month Term SOFR + 1.741% <br>Floor 1.741% <br>05/15/2039<br>| &nbsp;&nbsp; 6.083% | 2500000 | &nbsp;&nbsp; 2496876 |
| SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust |
| Series 2016-C5 Class A4 | Series 2016-C5 Class A4 | Series 2016-C5 Class A4 | Series 2016-C5 Class A4 |
| 10/10/2048 | &nbsp;&nbsp; 3.055% | 5120000 | &nbsp;&nbsp; 5029141 |
| SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D |
| 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>01/15/2039<br>| &nbsp;&nbsp; 6.313% | 3850000 | &nbsp;&nbsp; 3825937 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022 Class A | Series 2022 Class A | Series 2022 Class A | Series 2022 Class A |
| 1-month Term SOFR + 1.550% <br>Floor 1.550% <br>02/15/2039<br>| &nbsp;&nbsp; 5.913% | 5670000 | &nbsp;&nbsp; 5655945 |
| SREIT Trust<sup>(a),(b)</sup>  | SREIT Trust<sup>(a),(b)</sup>  | SREIT Trust<sup>(a),(b)</sup>  | SREIT Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B |
| 1-month Term SOFR + 1.286% <br>Floor 1.171% <br>11/15/2036<br>| &nbsp;&nbsp; 5.649% | 4538000 | &nbsp;&nbsp; 4536582 |
| Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E |
| 1-month Term SOFR + 2.024% <br>Floor 1.910% <br>10/15/2034<br>| &nbsp;&nbsp; 6.388% | 6275000 | &nbsp;&nbsp; 6263234 |
| Starwood Retail Property Trust<sup>(a),(b)</sup>  | Starwood Retail Property Trust<sup>(a),(b)</sup>  | Starwood Retail Property Trust<sup>(a),(b)</sup>  | Starwood Retail Property Trust<sup>(a),(b)</sup>  |
| Series 2014-STAR Class A | Series 2014-STAR Class A | Series 2014-STAR Class A | Series 2014-STAR Class A |
| Prime Rate + -0.882% <br>Floor 1.470% <br>11/15/2027<br>| &nbsp;&nbsp; 6.618% | 2124670 | &nbsp;&nbsp; 1283981 |
| SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-DATA Class B | Series 2025-DATA Class B | Series 2025-DATA Class B | Series 2025-DATA Class B |
| 1-month Term SOFR + 1.842% <br>Floor 1.842% <br>03/15/2042<br>| &nbsp;&nbsp; 6.184% | 2500000 | &nbsp;&nbsp; 2489550 |
| Series 2025-DATA Class C | Series 2025-DATA Class C | Series 2025-DATA Class C | Series 2025-DATA Class C |
| 1-month Term SOFR + 2.092% <br>Floor 2.042% <br>03/15/2042<br>| &nbsp;&nbsp; 6.434% | 2500000 | &nbsp;&nbsp; 2488563 |
| TCO Commercial Mortgage Trust<sup>(a),(b)</sup>  | TCO Commercial Mortgage Trust<sup>(a),(b)</sup>  | TCO Commercial Mortgage Trust<sup>(a),(b)</sup>  | TCO Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-DPM Class A | Series 2024-DPM Class A | Series 2024-DPM Class A | Series 2024-DPM Class A |
| 1-month Term SOFR + 1.243% <br>Floor 1.243% <br>12/15/2039<br>| &nbsp;&nbsp; 5.663% | 2535000 | &nbsp;&nbsp; 2535000 |
| THPT Mortgage Trust<sup>(a),(d)</sup>  | THPT Mortgage Trust<sup>(a),(d)</sup>  | THPT Mortgage Trust<sup>(a),(d)</sup>  | THPT Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2023-THL Class A | Series 2023-THL Class A | Series 2023-THL Class A | Series 2023-THL Class A |
| 12/10/2034 | &nbsp;&nbsp; 7.227% | 4418311 | &nbsp;&nbsp; 4492493 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| Series 2018-C10 Class A3 | Series 2018-C10 Class A3 | Series 2018-C10 Class A3 | Series 2018-C10 Class A3 |
| 05/15/2051 | &nbsp;&nbsp; 4.048% | 4698987 | &nbsp;&nbsp; 4650706 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| Series 2017-C39 Class A4 | Series 2017-C39 Class A4 | Series 2017-C39 Class A4 | Series 2017-C39 Class A4 |
| 09/15/2050 | &nbsp;&nbsp; 3.157% | 10065000 | &nbsp;&nbsp; 9841648 |
| Series 2020-C55 Class A5 | Series 2020-C55 Class A5 | Series 2020-C55 Class A5 | Series 2020-C55 Class A5 |
| 02/15/2053 | &nbsp;&nbsp; 2.725% | 3407709 | &nbsp;&nbsp; 3176690 |
| Series 2021-C61 Class A4 | Series 2021-C61 Class A4 | Series 2021-C61 Class A4 | Series 2021-C61 Class A4 |
| 11/15/2054 | &nbsp;&nbsp; 2.658% | 7990000 | &nbsp;&nbsp; 7129150 |
| Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C |
| 04/15/2054 | &nbsp;&nbsp; 3.284% | 2590000 | &nbsp;&nbsp; 2132404 |
| Wells Fargo Commercial Mortgage Trust<sup>(d),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d),(e)</sup>  |
| Series 2021-C59 Class XA | Series 2021-C59 Class XA | Series 2021-C59 Class XA | Series 2021-C59 Class XA |
| 04/15/2054 | &nbsp;&nbsp; 1.620% | 20071017 | &nbsp;&nbsp; 1202972 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2021-C60 Class XA | Series 2021-C60 Class XA | Series 2021-C60 Class XA | Series 2021-C60 Class XA |
| 08/15/2054 | &nbsp;&nbsp; 1.617% | 3997549 | &nbsp;&nbsp; 257976 |
| Wells Fargo Commercial Mortgage Trust<sup>(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(d)</sup>  |
| Series 2022-C62 Class A4 | Series 2022-C62 Class A4 | Series 2022-C62 Class A4 | Series 2022-C62 Class A4 |
| 04/15/2055 | &nbsp;&nbsp; 4.000% | 5330000 | &nbsp;&nbsp; 5085666 |
| Series 2025-5C5 Class C | Series 2025-5C5 Class C | Series 2025-5C5 Class C | Series 2025-5C5 Class C |
| 07/15/2058 | &nbsp;&nbsp; 6.014% | 1250000 | &nbsp;&nbsp; 1265453 |
| Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B |
| 03/15/2059 | &nbsp;&nbsp; 4.506% | 3005000 | &nbsp;&nbsp; 2971823 |
| Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B |
| 11/15/2050 | &nbsp;&nbsp; 4.188% | 1690000 | &nbsp;&nbsp; 1605887 |
| Wells Fargo Commercial Mortgage Trust<sup>(a),(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(d)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2024-1CHI Class A | Series 2024-1CHI Class A | Series 2024-1CHI Class A | Series 2024-1CHI Class A |
| 07/15/2035 | &nbsp;&nbsp; 5.308% | 6000000 | &nbsp;&nbsp; 6077783 |
| Series 2025-VTT Class C | Series 2025-VTT Class C | Series 2025-VTT Class C | Series 2025-VTT Class C |
| 03/15/2038 | &nbsp;&nbsp; 6.029% | 2500000 | &nbsp;&nbsp; 2514306 |
| Wells Fargo Commercial Mortgage Trust<sup>(a),(b)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(b)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(b)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-B33RP Class A | Series 2025-B33RP Class A | Series 2025-B33RP Class A | Series 2025-B33RP Class A |
| 1-month Term SOFR + 1.350% <br>Floor 1.350% <br>08/15/2042<br>| &nbsp;&nbsp; 5.700% | 5000000 | &nbsp;&nbsp; 5003110 |
| Series 2025-DWHP Class B | Series 2025-DWHP Class B | Series 2025-DWHP Class B | Series 2025-DWHP Class B |
| 1-month Term SOFR + 2.841% <br>Floor 2.841% <br>04/15/2038<br>| &nbsp;&nbsp; 7.204% | 2000000 | &nbsp;&nbsp; 2003295 |
| WFLD Mortgage Trust<sup>(a),(d)</sup>  | WFLD Mortgage Trust<sup>(a),(d)</sup>  | WFLD Mortgage Trust<sup>(a),(d)</sup>  | WFLD Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2014-MONT Class A | Series 2014-MONT Class A | Series 2014-MONT Class A | Series 2014-MONT Class A |
| 08/10/2031 | &nbsp;&nbsp; 3.880% | 917797 | &nbsp;&nbsp; 862880 |
| WHARF Commercial Mortgage Trust<sup>(a),(d)</sup>  | WHARF Commercial Mortgage Trust<sup>(a),(d)</sup>  | WHARF Commercial Mortgage Trust<sup>(a),(d)</sup>  | WHARF Commercial Mortgage Trust<sup>(a),(d)</sup>  |
| Series 2025-DC Class A | Series 2025-DC Class A | Series 2025-DC Class A | Series 2025-DC Class A |
| 07/15/2040 | &nbsp;&nbsp; 5.528% | 5000000 | &nbsp;&nbsp; 5138360 |
| WSTN Trust<sup>(a),(d)</sup>  | WSTN Trust<sup>(a),(d)</sup>  | WSTN Trust<sup>(a),(d)</sup>  | WSTN Trust<sup>(a),(d)</sup>  |
| Series 2023-MAUI Class A | Series 2023-MAUI Class A | Series 2023-MAUI Class A | Series 2023-MAUI Class A |
| 07/05/2037 | &nbsp;&nbsp; 6.518% | 2500000 | &nbsp;&nbsp; 2556682 |
| Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $977,447,113) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $977,447,113) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $977,447,113) | &nbsp;&nbsp; **971991616** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel Ltd.<sup>(i),(j),(k),(l)</sup> <br>| &nbsp;&nbsp; 59381 | &nbsp;&nbsp; 861025 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **861025** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 0.0%** | **Energy 0.0%** | **Energy 0.0%** |
| **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** |
| Prairie Provident Resources, Inc.<sup>(j),(l)</sup> <br>| &nbsp;&nbsp; 1728 | &nbsp;&nbsp; 35 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **35** |
| **Financials 0.0%** | **Financials 0.0%** | **Financials 0.0%** |
| **Financial Services 0.0%** | **Financial Services 0.0%** | **Financial Services 0.0%** |
| DSG TopCo, Inc.<sup>(j)</sup> <br>| &nbsp;&nbsp; 54244 | &nbsp;&nbsp; 786538 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **786538** |
| Total Common Stocks <br>(Cost $184,363) | Total Common Stocks <br>(Cost $184,363) | &nbsp;&nbsp; **1647598** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(f)</sup> **0.0%** | **Convertible Bonds**<sup>(f)</sup> **0.0%** | **Convertible Bonds**<sup>(f)</sup> **0.0%** | **Convertible Bonds**<sup>(f)</sup> **0.0%** | **Convertible Bonds**<sup>(f)</sup> **0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Banking 0.0%** | **Banking 0.0%** | **Banking 0.0%** | **Banking 0.0%** | **Banking 0.0%** |
| Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 8.000% |  | 1395000 | &nbsp;&nbsp; 1494956 |
| UBS Group AG<sup>(a),(m),(n)</sup>  | UBS Group AG<sup>(a),(m),(n)</sup>  | UBS Group AG<sup>(a),(m),(n)</sup>  | UBS Group AG<sup>(a),(m),(n)</sup>  | UBS Group AG<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 9.250% |  | 594000 | &nbsp;&nbsp; 650513 |
|  | &nbsp;&nbsp; 9.250% |  | 325000 | &nbsp;&nbsp; 381613 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2527082** |
| **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** |
| Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  |
| 01/17/2029 | &nbsp;&nbsp; 2.375% | EUR | 1400000 | &nbsp;&nbsp; 1606100 |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Worldline SA<sup>(a),(h)</sup>  | Worldline SA<sup>(a),(h)</sup>  | Worldline SA<sup>(a),(h)</sup>  | Worldline SA<sup>(a),(h)</sup>  | Worldline SA<sup>(a),(h)</sup>  |
| 07/30/2026 | &nbsp;&nbsp; 0.000% | EUR | 2415912 | &nbsp;&nbsp; 2730274 |
| Total Convertible Bonds <br>(Cost $6,206,062) | Total Convertible Bonds <br>(Cost $6,206,062) | Total Convertible Bonds <br>(Cost $6,206,062) | Total Convertible Bonds <br>(Cost $6,206,062) | &nbsp;&nbsp; **6863456** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel Ltd.<sup>(i),(k),(l)</sup> <br>| &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3868 | &nbsp;&nbsp; 38680 |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **38680** |
| Total Convertible Preferred Stocks <br>(Cost $38,680) | Total Convertible Preferred Stocks <br>(Cost $38,680) | Total Convertible Preferred Stocks <br>(Cost $38,680) | &nbsp;&nbsp; **38680** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **25.9%** | **Corporate Bonds & Notes**<sup>(f)</sup> **25.9%** | **Corporate Bonds & Notes**<sup>(f)</sup> **25.9%** | **Corporate Bonds & Notes**<sup>(f)</sup> **25.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 1428000 | &nbsp;&nbsp; 1472702 |
| 04/15/2030 | &nbsp;&nbsp; 3.400% | 690000 | &nbsp;&nbsp; 665733 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 02/04/2026 | &nbsp;&nbsp; 2.196% | 13505000 | &nbsp;&nbsp; 13370563 |
| 02/01/2031 | &nbsp;&nbsp; 3.625% | 2375000 | &nbsp;&nbsp; 2267492 |
| 02/01/2035 | &nbsp;&nbsp; 3.250% | 4659000 | &nbsp;&nbsp; 3974634 |
| 03/01/2047 | &nbsp;&nbsp; 3.650% | 1060000 | &nbsp;&nbsp; 747131 |
| 03/01/2048 | &nbsp;&nbsp; 3.625% | 3800000 | &nbsp;&nbsp; 2660978 |
| 05/01/2049 | &nbsp;&nbsp; 3.900% | 2010000 | &nbsp;&nbsp; 1459901 |
| 05/01/2054 | &nbsp;&nbsp; 6.858% | 139000 | &nbsp;&nbsp; 152531 |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 3500000 | &nbsp;&nbsp; 2413217 |
| 05/01/2060 | &nbsp;&nbsp; 5.930% | 634000 | &nbsp;&nbsp; 608488 |
| 05/01/2064 | &nbsp;&nbsp; 7.008% | 808000 | &nbsp;&nbsp; 895500 |
| Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 7.875% | 559000 | &nbsp;&nbsp; 561612 |
| 02/01/2029 | &nbsp;&nbsp; 7.500% | 375000 | &nbsp;&nbsp; 391653 |
| 07/01/2031 | &nbsp;&nbsp; 7.250% | 1020000 | &nbsp;&nbsp; 1075304 |
| 06/15/2033 | &nbsp;&nbsp; 6.750% | 475000 | &nbsp;&nbsp; 494427 |
| General Electric Co.<sup>(b)</sup>  | General Electric Co.<sup>(b)</sup>  | General Electric Co.<sup>(b)</sup>  | General Electric Co.<sup>(b)</sup>  |
| 3-month Term SOFR + 0.742% <br>08/15/2036<br>| &nbsp;&nbsp; 4.953% | 5380000 | &nbsp;&nbsp; 5078093 |
| Goat Holdco LLC<sup>(a)</sup>  | Goat Holdco LLC<sup>(a)</sup>  | Goat Holdco LLC<sup>(a)</sup>  | Goat Holdco LLC<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 695000 | &nbsp;&nbsp; 707604 |
| HEICO Corp. | HEICO Corp. | HEICO Corp. | HEICO Corp. |
| 08/01/2028 | &nbsp;&nbsp; 5.250% | 1436000 | &nbsp;&nbsp; 1475544 |
| Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. |
| 08/16/2028 | &nbsp;&nbsp; 2.043% | 6666000 | &nbsp;&nbsp; 6247942 |
| 05/01/2030 | &nbsp;&nbsp; 4.200% | 2213000 | &nbsp;&nbsp; 2183889 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 5.050% | 690000 | &nbsp;&nbsp; 708328 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
| 08/15/2030 | &nbsp;&nbsp; 4.400% | 4110000 | &nbsp;&nbsp; 4143001 |
| 05/15/2036 | &nbsp;&nbsp; 4.500% | 890000 | &nbsp;&nbsp; 857505 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 775000 | &nbsp;&nbsp; 800152 |
| United Technologies Corp. | United Technologies Corp. | United Technologies Corp. | United Technologies Corp. |
| 11/16/2038 | &nbsp;&nbsp; 4.450% | 608000 | &nbsp;&nbsp; 562508 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **55976432** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust |
| Series 2015-2 Class AA | Series 2015-2 Class AA | Series 2015-2 Class AA | Series 2015-2 Class AA |
| 09/22/2027 | &nbsp;&nbsp; 3.600% | 55641 | &nbsp;&nbsp; 54404 |
| Series 2016-1 Class AA | Series 2016-1 Class AA | Series 2016-1 Class AA | Series 2016-1 Class AA |
| 07/15/2029 | &nbsp;&nbsp; 3.575% | 326003 | &nbsp;&nbsp; 317838 |
| Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA |
| 06/15/2028 | &nbsp;&nbsp; 3.200% | 378161 | &nbsp;&nbsp; 363963 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2017-2 Class AA | Series 2017-2 Class AA | Series 2017-2 Class AA | Series 2017-2 Class AA |
| 10/15/2029 | &nbsp;&nbsp; 3.350% | 1050976 | &nbsp;&nbsp; 1004846 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 1050000 | &nbsp;&nbsp; 1056110 |
| Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust |
| 06/10/2028 | &nbsp;&nbsp; 2.000% | 4731955 | &nbsp;&nbsp; 4522791 |
| Delta Air Lines, Inc. | Delta Air Lines, Inc. | Delta Air Lines, Inc. | Delta Air Lines, Inc. |
| 07/10/2030 | &nbsp;&nbsp; 5.250% | 1358000 | &nbsp;&nbsp; 1385454 |
| Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(a)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(a)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(a)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(a)</sup>  |
| 10/20/2028 | &nbsp;&nbsp; 4.750% | 7234857 | &nbsp;&nbsp; 7277376 |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| 06/15/2027 | &nbsp;&nbsp; 5.125% | 1665000 | &nbsp;&nbsp; 1684025 |
| United Airlines Pass-Through Trust | United Airlines Pass-Through Trust | United Airlines Pass-Through Trust | United Airlines Pass-Through Trust |
| Series 2023-1 Class A | Series 2023-1 Class A | Series 2023-1 Class A | Series 2023-1 Class A |
| 01/15/2036 | &nbsp;&nbsp; 5.800% | 4472663 | &nbsp;&nbsp; 4581709 |
| United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  |
| 04/15/2026 | &nbsp;&nbsp; 4.375% | 2775000 | &nbsp;&nbsp; 2766465 |
| 04/15/2029 | &nbsp;&nbsp; 4.625% | 727000 | &nbsp;&nbsp; 716141 |
| United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust |
| 10/15/2027 | &nbsp;&nbsp; 5.875% | 277320 | &nbsp;&nbsp; 283246 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **26014368** |
| **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** |
| American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP |
| 02/15/2028 | &nbsp;&nbsp; 4.250% | 210000 | &nbsp;&nbsp; 209672 |
| 04/15/2032 | &nbsp;&nbsp; 3.625% | 219000 | &nbsp;&nbsp; 203582 |
| 02/01/2034 | &nbsp;&nbsp; 5.500% | 1426000 | &nbsp;&nbsp; 1461457 |
| 07/15/2051 | &nbsp;&nbsp; 3.375% | 755000 | &nbsp;&nbsp; 493702 |
| 04/15/2052 | &nbsp;&nbsp; 4.300% | 1270000 | &nbsp;&nbsp; 977700 |
| Camden Property Trust | Camden Property Trust | Camden Property Trust | Camden Property Trust |
| 11/03/2026 | &nbsp;&nbsp; 5.850% | 1089000 | &nbsp;&nbsp; 1108667 |
| Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP |
| 11/15/2028 | &nbsp;&nbsp; 2.300% | 658000 | &nbsp;&nbsp; 621326 |
| 08/15/2031 | &nbsp;&nbsp; 2.000% | 2544000 | &nbsp;&nbsp; 2188621 |
| 08/15/2033 | &nbsp;&nbsp; 5.500% | 545000 | &nbsp;&nbsp; 559575 |
| Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP |
| 02/15/2032 | &nbsp;&nbsp; 5.300% | 766000 | &nbsp;&nbsp; 796717 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8621019** |
| **Automotive 1.1%** | **Automotive 1.1%** | **Automotive 1.1%** | **Automotive 1.1%** |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |
| 04/01/2027 | &nbsp;&nbsp; 6.500% | 600000 | &nbsp;&nbsp; 601625 |
| American Honda Finance Corp. | American Honda Finance Corp. | American Honda Finance Corp. | American Honda Finance Corp. |
| 01/12/2028 | &nbsp;&nbsp; 4.700% | 1160000 | &nbsp;&nbsp; 1175167 |
| 11/15/2028 | &nbsp;&nbsp; 5.650% | 581000 | &nbsp;&nbsp; 606046 |
| 10/23/2031 | &nbsp;&nbsp; 4.850% | 1487000 | &nbsp;&nbsp; 1506426 |
| BMW US Capital LLC<sup>(a)</sup>  | BMW US Capital LLC<sup>(a)</sup>  | BMW US Capital LLC<sup>(a)</sup>  | BMW US Capital LLC<sup>(a)</sup>  |
| 03/21/2030 | &nbsp;&nbsp; 5.050% | 673000 | &nbsp;&nbsp; 692042 |
| 08/11/2035 | &nbsp;&nbsp; 5.200% | 2640000 | &nbsp;&nbsp; 2626455 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. |
| 08/15/2034 | &nbsp;&nbsp; 5.400% | 433000 | &nbsp;&nbsp; 440621 |
| Cummins, Inc. | Cummins, Inc. | Cummins, Inc. | Cummins, Inc. |
| 05/09/2035 | &nbsp;&nbsp; 5.300% | 3250000 | &nbsp;&nbsp; 3319623 |
| Daimler Truck Finance North America LLC<sup>(a)</sup>  | Daimler Truck Finance North America LLC<sup>(a)</sup>  | Daimler Truck Finance North America LLC<sup>(a)</sup>  | Daimler Truck Finance North America LLC<sup>(a)</sup>  |
| 10/12/2030 | &nbsp;&nbsp; 4.650% | 4060000 | &nbsp;&nbsp; 4073330 |
| 01/13/2035 | &nbsp;&nbsp; 5.625% | 2825000 | &nbsp;&nbsp; 2899237 |
| Dana, Inc. | Dana, Inc. | Dana, Inc. | Dana, Inc. |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 800000 | &nbsp;&nbsp; 799369 |
| Denso Corp.<sup>(a)</sup>  | Denso Corp.<sup>(a)</sup>  | Denso Corp.<sup>(a)</sup>  | Denso Corp.<sup>(a)</sup>  |
| 09/16/2026 | &nbsp;&nbsp; 1.239% | 4070000 | &nbsp;&nbsp; 3945312 |
| 09/11/2029 | &nbsp;&nbsp; 4.420% | 980000 | &nbsp;&nbsp; 983589 |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| 02/12/2032 | &nbsp;&nbsp; 3.250% | 928000 | &nbsp;&nbsp; 795164 |
| 01/15/2043 | &nbsp;&nbsp; 4.750% | 836000 | &nbsp;&nbsp; 646367 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 11/13/2025 | &nbsp;&nbsp; 3.375% | 1000000 | &nbsp;&nbsp; 996603 |
| 08/10/2026 | &nbsp;&nbsp; 2.700% | 3625000 | &nbsp;&nbsp; 3552422 |
| 05/17/2027 | &nbsp;&nbsp; 5.850% | 1515000 | &nbsp;&nbsp; 1530936 |
| 08/17/2027 | &nbsp;&nbsp; 4.125% | 1786000 | &nbsp;&nbsp; 1752435 |
| 05/12/2028 | &nbsp;&nbsp; 6.800% | 450000 | &nbsp;&nbsp; 467130 |
| 03/08/2029 | &nbsp;&nbsp; 5.800% | 6615000 | &nbsp;&nbsp; 6688991 |
| 05/03/2029 | &nbsp;&nbsp; 5.113% | 1005000 | &nbsp;&nbsp; 991028 |
| 06/17/2031 | &nbsp;&nbsp; 3.625% | 951000 | &nbsp;&nbsp; 855793 |
| General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. |
| 10/01/2025 | &nbsp;&nbsp; 6.125% | 271000 | &nbsp;&nbsp; 271139 |
| 04/15/2030 | &nbsp;&nbsp; 5.625% | 3230000 | &nbsp;&nbsp; 3337218 |
| 04/01/2035 | &nbsp;&nbsp; 5.000% | 4415000 | &nbsp;&nbsp; 4217875 |
| 10/02/2043 | &nbsp;&nbsp; 6.250% | 308000 | &nbsp;&nbsp; 303994 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| 10/10/2025 | &nbsp;&nbsp; 6.050% | 3385000 | &nbsp;&nbsp; 3389114 |
| 03/01/2026 | &nbsp;&nbsp; 5.250% | 1855000 | &nbsp;&nbsp; 1858395 |
| 04/04/2028 | &nbsp;&nbsp; 5.050% | 2615000 | &nbsp;&nbsp; 2657008 |
| 06/23/2028 | &nbsp;&nbsp; 5.800% | 1850000 | &nbsp;&nbsp; 1915014 |
| 10/15/2028 | &nbsp;&nbsp; 2.400% | 2820000 | &nbsp;&nbsp; 2659757 |
| 07/15/2029 | &nbsp;&nbsp; 5.550% | 3555000 | &nbsp;&nbsp; 3664386 |
| 10/06/2029 | &nbsp;&nbsp; 4.900% | 1399000 | &nbsp;&nbsp; 1410033 |
| 06/21/2030 | &nbsp;&nbsp; 3.600% | 1710000 | &nbsp;&nbsp; 1623759 |
| 01/08/2031 | &nbsp;&nbsp; 2.350% | 1295000 | &nbsp;&nbsp; 1140542 |
| 01/07/2034 | &nbsp;&nbsp; 6.100% | 387000 | &nbsp;&nbsp; 401322 |
| 01/07/2035 | &nbsp;&nbsp; 5.900% | 2273000 | &nbsp;&nbsp; 2307596 |
| 07/15/2035 | &nbsp;&nbsp; 6.150% | 1047000 | &nbsp;&nbsp; 1075893 |
| Honda Motor Co., Ltd. | Honda Motor Co., Ltd. | Honda Motor Co., Ltd. | Honda Motor Co., Ltd. |
| 07/08/2030 | &nbsp;&nbsp; 4.688% | 8767000 | &nbsp;&nbsp; 8849457 |
| 07/08/2035 | &nbsp;&nbsp; 5.337% | 3189000 | &nbsp;&nbsp; 3205915 |
| Hyundai Capital America<sup>(a)</sup>  | Hyundai Capital America<sup>(a)</sup>  | Hyundai Capital America<sup>(a)</sup>  | Hyundai Capital America<sup>(a)</sup>  |
| 06/26/2028 | &nbsp;&nbsp; 5.680% | 907000 | &nbsp;&nbsp; 937038 |
| 09/21/2028 | &nbsp;&nbsp; 6.100% | 4184000 | &nbsp;&nbsp; 4375537 |
| 01/16/2029 | &nbsp;&nbsp; 6.500% | 928000 | &nbsp;&nbsp; 984208 |
| 06/24/2029 | &nbsp;&nbsp; 5.300% | 1047000 | &nbsp;&nbsp; 1074695 |
| 03/27/2030 | &nbsp;&nbsp; 5.150% | 5444000 | &nbsp;&nbsp; 5560550 |
| 03/29/2032 | &nbsp;&nbsp; 5.400% | 1639000 | &nbsp;&nbsp; 1682002 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 06/23/2032 | &nbsp;&nbsp; 5.400% |  | 4465000 | &nbsp;&nbsp; 4582057 |
| LKQ Corp. | LKQ Corp. | LKQ Corp. | LKQ Corp. | LKQ Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.750% |  | 3405000 | &nbsp;&nbsp; 3516615 |
| Mercedes-Benz Finance North America LLC<sup>(a)</sup>  | Mercedes-Benz Finance North America LLC<sup>(a)</sup>  | Mercedes-Benz Finance North America LLC<sup>(a)</sup>  | Mercedes-Benz Finance North America LLC<sup>(a)</sup>  | Mercedes-Benz Finance North America LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 4.800% |  | 1100000 | &nbsp;&nbsp; 1122500 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/13/2029 | &nbsp;&nbsp; 5.550% |  | 3255000 | &nbsp;&nbsp; 3214161 |
| Stellantis Finance US, Inc.<sup>(a)</sup>  | Stellantis Finance US, Inc.<sup>(a)</sup>  | Stellantis Finance US, Inc.<sup>(a)</sup>  | Stellantis Finance US, Inc.<sup>(a)</sup>  | Stellantis Finance US, Inc.<sup>(a)</sup>  |
| 03/18/2035 | &nbsp;&nbsp; 6.450% |  | 3070000 | &nbsp;&nbsp; 3094044 |
| Tenneco, Inc.<sup>(a)</sup>  | Tenneco, Inc.<sup>(a)</sup>  | Tenneco, Inc.<sup>(a)</sup>  | Tenneco, Inc.<sup>(a)</sup>  | Tenneco, Inc.<sup>(a)</sup>  |
| 11/17/2028 | &nbsp;&nbsp; 8.000% |  | 4525000 | &nbsp;&nbsp; 4526139 |
| Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. |
| 06/30/2030 | &nbsp;&nbsp; 4.450% |  | 1942000 | &nbsp;&nbsp; 1961219 |
| Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. |
| 10/08/2027 | &nbsp;&nbsp; 4.350% |  | 1216000 | &nbsp;&nbsp; 1224851 |
| 08/09/2029 | &nbsp;&nbsp; 4.550% |  | 839000 | &nbsp;&nbsp; 851694 |
| 05/15/2030 | &nbsp;&nbsp; 4.800% |  | 1691000 | &nbsp;&nbsp; 1730201 |
| 11/20/2030 | &nbsp;&nbsp; 5.550% |  | 609000 | &nbsp;&nbsp; 644861 |
| 01/09/2035 | &nbsp;&nbsp; 5.350% |  | 707000 | &nbsp;&nbsp; 730951 |
| Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  |
| 11/19/2031 | &nbsp;&nbsp; 3.875% | EUR | 4500000 | &nbsp;&nbsp; 5337038 |
| Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  |
| 03/22/2027 | &nbsp;&nbsp; 5.300% |  | 2511000 | &nbsp;&nbsp; 2542299 |
| 03/22/2029 | &nbsp;&nbsp; 5.250% |  | 6355000 | &nbsp;&nbsp; 6480883 |
| 11/16/2030 | &nbsp;&nbsp; 6.450% |  | 1588000 | &nbsp;&nbsp; 1708274 |
| 03/25/2032 | &nbsp;&nbsp; 5.650% |  | 360000 | &nbsp;&nbsp; 368622 |
| 03/27/2035 | &nbsp;&nbsp; 5.800% |  | 440000 | &nbsp;&nbsp; 448310 |
| Volkswagen International Finance NV<sup>(a),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(a),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(a),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(a),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.875% | EUR | 1400000 | &nbsp;&nbsp; 1873582 |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% |  | 1350000 | &nbsp;&nbsp; 1340792 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **148147251** |
| **Banking 6.4%** | **Banking 6.4%** | **Banking 6.4%** | **Banking 6.4%** | **Banking 6.4%** |
| ABN AMRO Bank NV<sup>(a),(n)</sup>  | ABN AMRO Bank NV<sup>(a),(n)</sup>  | ABN AMRO Bank NV<sup>(a),(n)</sup>  | ABN AMRO Bank NV<sup>(a),(n)</sup>  | ABN AMRO Bank NV<sup>(a),(n)</sup>  |
| 09/18/2027 | &nbsp;&nbsp; 6.339% |  | 6900000 | &nbsp;&nbsp; 7035618 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 03/13/2037 | &nbsp;&nbsp; 3.324% |  | 641000 | &nbsp;&nbsp; 574180 |
| Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.737% |  | 2145000 | &nbsp;&nbsp; 2200643 |
| 01/17/2031 | &nbsp;&nbsp; 5.543% |  | 1645000 | &nbsp;&nbsp; 1682932 |
| 07/31/2033 | &nbsp;&nbsp; 5.548% |  | 8280000 | &nbsp;&nbsp; 8329001 |
| American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  |
| 02/16/2028 | &nbsp;&nbsp; 5.098% |  | 1043000 | &nbsp;&nbsp; 1055397 |
| 07/27/2029 | &nbsp;&nbsp; 5.282% |  | 1860000 | &nbsp;&nbsp; 1918024 |
| 04/25/2030 | &nbsp;&nbsp; 5.532% |  | 1094000 | &nbsp;&nbsp; 1141816 |
| 07/20/2033 | &nbsp;&nbsp; 4.918% |  | 6340000 | &nbsp;&nbsp; 6417704 |
| ANZ New Zealand International Ltd.<sup>(a)</sup>  | ANZ New Zealand International Ltd.<sup>(a)</sup>  | ANZ New Zealand International Ltd.<sup>(a)</sup>  | ANZ New Zealand International Ltd.<sup>(a)</sup>  | ANZ New Zealand International Ltd.<sup>(a)</sup>  |
| 08/14/2028 | &nbsp;&nbsp; 5.355% |  | 4595000 | &nbsp;&nbsp; 4758065 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Banco de Credito del Peru SA<sup>(a),(n)</sup>  | Banco de Credito del Peru SA<sup>(a),(n)</sup>  | Banco de Credito del Peru SA<sup>(a),(n)</sup>  | Banco de Credito del Peru SA<sup>(a),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 07/30/2035 | &nbsp;&nbsp; 6.450% | 1130000 | &nbsp;&nbsp; 1178298 |
| Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  |
| 03/14/2030 | &nbsp;&nbsp; 5.538% | 4000000 | &nbsp;&nbsp; 4149351 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/22/2032 | &nbsp;&nbsp; 3.225% | 3400000 | &nbsp;&nbsp; 3083758 |
| Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  |
| 07/22/2027 | &nbsp;&nbsp; 1.734% | 13400000 | &nbsp;&nbsp; 13093856 |
| 04/27/2028 | &nbsp;&nbsp; 4.376% | 309000 | &nbsp;&nbsp; 309687 |
| 12/20/2028 | &nbsp;&nbsp; 3.419% | 682000 | &nbsp;&nbsp; 669934 |
| 03/05/2029 | &nbsp;&nbsp; 3.970% | 1772000 | &nbsp;&nbsp; 1761136 |
| 06/14/2029 | &nbsp;&nbsp; 2.087% | 11280000 | &nbsp;&nbsp; 10656173 |
| 09/15/2029 | &nbsp;&nbsp; 5.819% | 1190000 | &nbsp;&nbsp; 1243789 |
| 07/23/2030 | &nbsp;&nbsp; 3.194% | 34139000 | &nbsp;&nbsp; 32773125 |
| 10/22/2030 | &nbsp;&nbsp; 2.884% | 536000 | &nbsp;&nbsp; 506837 |
| 01/24/2031 | &nbsp;&nbsp; 5.162% | 206000 | &nbsp;&nbsp; 212630 |
| 02/13/2031 | &nbsp;&nbsp; 2.496% | 8712000 | &nbsp;&nbsp; 8042624 |
| 04/29/2031 | &nbsp;&nbsp; 2.592% | 4092000 | &nbsp;&nbsp; 3784413 |
| 07/23/2031 | &nbsp;&nbsp; 1.898% | 293000 | &nbsp;&nbsp; 260481 |
| 10/24/2031 | &nbsp;&nbsp; 1.922% | 3775000 | &nbsp;&nbsp; 3333104 |
| 04/22/2032 | &nbsp;&nbsp; 2.687% | 617000 | &nbsp;&nbsp; 559639 |
| 07/21/2032 | &nbsp;&nbsp; 2.299% | 785000 | &nbsp;&nbsp; 692577 |
| 10/20/2032 | &nbsp;&nbsp; 2.572% | 7182000 | &nbsp;&nbsp; 6408778 |
| 09/15/2034 | &nbsp;&nbsp; 5.872% | 1655000 | &nbsp;&nbsp; 1755217 |
| 05/09/2036 | &nbsp;&nbsp; 5.464% | 850000 | &nbsp;&nbsp; 873188 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 10/25/2035 | &nbsp;&nbsp; 5.518% | 1754000 | &nbsp;&nbsp; 1769095 |
| 02/12/2036 | &nbsp;&nbsp; 5.744% | 1597000 | &nbsp;&nbsp; 1636448 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/03/2026 | &nbsp;&nbsp; 4.450% | 2000000 | &nbsp;&nbsp; 1999884 |
| Bank of America NA | Bank of America NA | Bank of America NA | Bank of America NA |
| 08/18/2026 | &nbsp;&nbsp; 5.526% | 5575000 | &nbsp;&nbsp; 5645751 |
| Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  |
| 01/27/2029 | &nbsp;&nbsp; 5.004% | 2715000 | &nbsp;&nbsp; 2769025 |
| 09/10/2030 | &nbsp;&nbsp; 4.640% | 2103000 | &nbsp;&nbsp; 2130744 |
| Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  |
| 04/26/2027 | &nbsp;&nbsp; 4.947% | 2770000 | &nbsp;&nbsp; 2782695 |
| 02/11/2031 | &nbsp;&nbsp; 4.942% | 3515000 | &nbsp;&nbsp; 3610420 |
| 06/06/2036 | &nbsp;&nbsp; 5.316% | 538000 | &nbsp;&nbsp; 550687 |
| Bank of New Zealand<sup>(a)</sup>  | Bank of New Zealand<sup>(a)</sup>  | Bank of New Zealand<sup>(a)</sup>  | Bank of New Zealand<sup>(a)</sup>  |
| 01/27/2027 | &nbsp;&nbsp; 2.285% | 2140000 | &nbsp;&nbsp; 2086863 |
| Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  |
| 11/10/2032 | &nbsp;&nbsp; 4.740% | 2057000 | &nbsp;&nbsp; 2077713 |
| Banque Federative du Credit Mutuel SA<sup>(a)</sup>  | Banque Federative du Credit Mutuel SA<sup>(a)</sup>  | Banque Federative du Credit Mutuel SA<sup>(a)</sup>  | Banque Federative du Credit Mutuel SA<sup>(a)</sup>  |
| 01/26/2026 | &nbsp;&nbsp; 4.935% | 1732000 | &nbsp;&nbsp; 1734100 |
| 02/16/2028 | &nbsp;&nbsp; 5.194% | 2760000 | &nbsp;&nbsp; 2820697 |
| 10/16/2028 | &nbsp;&nbsp; 4.591% | 1431000 | &nbsp;&nbsp; 1443768 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  |
| 02/25/2031 | &nbsp;&nbsp; 5.367% | 8516000 | &nbsp;&nbsp; 8783033 |
| 03/10/2032 | &nbsp;&nbsp; 2.667% | 12020000 | &nbsp;&nbsp; 10827600 |
| Barclays PLC | Barclays PLC | Barclays PLC | Barclays PLC |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/09/2028 | &nbsp;&nbsp; 4.836% | 995000 | &nbsp;&nbsp; 999325 |
| BNP Paribas SA<sup>(a),(n)</sup>  | BNP Paribas SA<sup>(a),(n)</sup>  | BNP Paribas SA<sup>(a),(n)</sup>  | BNP Paribas SA<sup>(a),(n)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 1.904% | 3535000 | &nbsp;&nbsp; 3357508 |
| 06/12/2029 | &nbsp;&nbsp; 5.335% | 1815000 | &nbsp;&nbsp; 1863030 |
| 11/19/2030 | &nbsp;&nbsp; 5.283% | 1555000 | &nbsp;&nbsp; 1593422 |
| 05/09/2031 | &nbsp;&nbsp; 5.085% | 1345000 | &nbsp;&nbsp; 1366774 |
| 04/19/2032 | &nbsp;&nbsp; 2.871% | 5455000 | &nbsp;&nbsp; 4942021 |
| 01/20/2033 | &nbsp;&nbsp; 3.132% | 6240000 | &nbsp;&nbsp; 5619986 |
| BPCE SA<sup>(a)</sup>  | BPCE SA<sup>(a)</sup>  | BPCE SA<sup>(a)</sup>  | BPCE SA<sup>(a)</sup>  |
| 01/11/2028 | &nbsp;&nbsp; 3.250% | 460000 | &nbsp;&nbsp; 449771 |
| 05/30/2029 | &nbsp;&nbsp; 5.281% | 1920000 | &nbsp;&nbsp; 1976394 |
| BPCE SA<sup>(a),(n)</sup>  | BPCE SA<sup>(a),(n)</sup>  | BPCE SA<sup>(a),(n)</sup>  | BPCE SA<sup>(a),(n)</sup>  |
| 01/18/2030 | &nbsp;&nbsp; 5.716% | 820000 | &nbsp;&nbsp; 847614 |
| 01/14/2031 | &nbsp;&nbsp; 5.876% | 4025000 | &nbsp;&nbsp; 4194323 |
| CaixaBank SA<sup>(a),(n)</sup>  | CaixaBank SA<sup>(a),(n)</sup>  | CaixaBank SA<sup>(a),(n)</sup>  | CaixaBank SA<sup>(a),(n)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 5.673% | 620000 | &nbsp;&nbsp; 644344 |
| 07/03/2031 | &nbsp;&nbsp; 4.885% | 3875000 | &nbsp;&nbsp; 3922505 |
| Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  |
| 03/30/2029 | &nbsp;&nbsp; 4.857% | 5150000 | &nbsp;&nbsp; 5225661 |
| Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  |
| 10/29/2027 | &nbsp;&nbsp; 7.149% | 3985000 | &nbsp;&nbsp; 4105827 |
| 11/02/2027 | &nbsp;&nbsp; 1.878% | 725000 | &nbsp;&nbsp; 704506 |
| 06/08/2029 | &nbsp;&nbsp; 6.312% | 485000 | &nbsp;&nbsp; 509086 |
| Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  |
| 11/19/2027 | &nbsp;&nbsp; 4.876% | 3335000 | &nbsp;&nbsp; 3359887 |
| Citibank NA | Citibank NA | Citibank NA | Citibank NA |
| 05/29/2030 | &nbsp;&nbsp; 4.914% | 1710000 | &nbsp;&nbsp; 1755465 |
| Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 6.875% | 850000 | &nbsp;&nbsp; 866657 |
|  | &nbsp;&nbsp; 7.125% | 8040000 | &nbsp;&nbsp; 8249930 |
| Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  |
| 06/09/2027 | &nbsp;&nbsp; 1.462% | 20000 | &nbsp;&nbsp; 19552 |
| 05/07/2028 | &nbsp;&nbsp; 4.643% | 9085000 | &nbsp;&nbsp; 9132981 |
| 11/05/2030 | &nbsp;&nbsp; 2.976% | 13020000 | &nbsp;&nbsp; 12306041 |
| 01/29/2031 | &nbsp;&nbsp; 2.666% | 5550000 | &nbsp;&nbsp; 5147312 |
| 05/01/2032 | &nbsp;&nbsp; 2.561% | 4520000 | &nbsp;&nbsp; 4058994 |
| 01/25/2033 | &nbsp;&nbsp; 3.057% | 2800000 | &nbsp;&nbsp; 2528349 |
| 06/11/2035 | &nbsp;&nbsp; 5.449% | 2015000 | &nbsp;&nbsp; 2067948 |
| 03/27/2036 | &nbsp;&nbsp; 5.333% | 1335000 | &nbsp;&nbsp; 1349002 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| 07/23/2048 | &nbsp;&nbsp; 4.650% | 375000 | &nbsp;&nbsp; 324074 |
| Citizens Financial Group, Inc.<sup>(n)</sup>  | Citizens Financial Group, Inc.<sup>(n)</sup>  | Citizens Financial Group, Inc.<sup>(n)</sup>  | Citizens Financial Group, Inc.<sup>(n)</sup>  |
| 03/05/2031 | &nbsp;&nbsp; 5.253% | 2850000 | &nbsp;&nbsp; 2914947 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/21/2037 | &nbsp;&nbsp; 5.641% | 2065000 | &nbsp;&nbsp; 2075218 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  |
| 12/31/2079 | &nbsp;&nbsp; 7.125% | 403000 | &nbsp;&nbsp; 412936 |
| Comerica, Inc.<sup>(n)</sup>  | Comerica, Inc.<sup>(n)</sup>  | Comerica, Inc.<sup>(n)</sup>  | Comerica, Inc.<sup>(n)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 5.982% | 1535000 | &nbsp;&nbsp; 1591849 |
| Commonwealth Bank of Australia | Commonwealth Bank of Australia | Commonwealth Bank of Australia | Commonwealth Bank of Australia |
| 03/14/2028 | &nbsp;&nbsp; 4.423% | 2715000 | &nbsp;&nbsp; 2747479 |
| Cooperatieve Rabobank UA<sup>(a),(n)</sup>  | Cooperatieve Rabobank UA<sup>(a),(n)</sup>  | Cooperatieve Rabobank UA<sup>(a),(n)</sup>  | Cooperatieve Rabobank UA<sup>(a),(n)</sup>  |
| 02/24/2027 | &nbsp;&nbsp; 1.106% | 2165000 | &nbsp;&nbsp; 2131628 |
| 05/27/2031 | &nbsp;&nbsp; 4.990% | 6560000 | &nbsp;&nbsp; 6695037 |
| 01/21/2033 | &nbsp;&nbsp; 5.710% | 2578000 | &nbsp;&nbsp; 2710360 |
| Credit Agricole SA<sup>(a),(n)</sup>  | Credit Agricole SA<sup>(a),(n)</sup>  | Credit Agricole SA<sup>(a),(n)</sup>  | Credit Agricole SA<sup>(a),(n)</sup>  |
| 01/09/2029 | &nbsp;&nbsp; 5.230% | 4830000 | &nbsp;&nbsp; 4915739 |
| Credit Suisse AG | Credit Suisse AG | Credit Suisse AG | Credit Suisse AG |
| 08/07/2026 | &nbsp;&nbsp; 1.250% | 289000 | &nbsp;&nbsp; 281343 |
| 07/09/2027 | &nbsp;&nbsp; 5.000% | 2611000 | &nbsp;&nbsp; 2653851 |
| Credit Suisse Group AG<sup>(a),(n)</sup>  | Credit Suisse Group AG<sup>(a),(n)</sup>  | Credit Suisse Group AG<sup>(a),(n)</sup>  | Credit Suisse Group AG<sup>(a),(n)</sup>  |
| 05/14/2032 | &nbsp;&nbsp; 3.091% | 2210000 | &nbsp;&nbsp; 2033921 |
| Danske Bank A/S<sup>(a),(n)</sup>  | Danske Bank A/S<sup>(a),(n)</sup>  | Danske Bank A/S<sup>(a),(n)</sup>  | Danske Bank A/S<sup>(a),(n)</sup>  |
| 09/22/2026 | &nbsp;&nbsp; 6.259% | 4875000 | &nbsp;&nbsp; 4878445 |
| 03/01/2030 | &nbsp;&nbsp; 5.705% | 844000 | &nbsp;&nbsp; 880915 |
| 10/02/2030 | &nbsp;&nbsp; 4.613% | 683000 | &nbsp;&nbsp; 687322 |
| 03/04/2031 | &nbsp;&nbsp; 5.019% | 4660000 | &nbsp;&nbsp; 4752519 |
| Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  |
| 01/10/2029 | &nbsp;&nbsp; 5.373% | 1200000 | &nbsp;&nbsp; 1226094 |
| 05/09/2031 | &nbsp;&nbsp; 5.297% | 5525000 | &nbsp;&nbsp; 5659847 |
| 08/04/2031 | &nbsp;&nbsp; 4.950% | 2935000 | &nbsp;&nbsp; 2958710 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/14/2032 | &nbsp;&nbsp; 3.729% | 2000000 | &nbsp;&nbsp; 1871946 |
| Deutsche Bank AG | Deutsche Bank AG | Deutsche Bank AG | Deutsche Bank AG |
| 05/10/2029 | &nbsp;&nbsp; 5.414% | 2078000 | &nbsp;&nbsp; 2163237 |
| DNB Bank ASA<sup>(a),(n)</sup>  | DNB Bank ASA<sup>(a),(n)</sup>  | DNB Bank ASA<sup>(a),(n)</sup>  | DNB Bank ASA<sup>(a),(n)</sup>  |
| 09/16/2026 | &nbsp;&nbsp; 1.127% | 3950000 | &nbsp;&nbsp; 3943848 |
| 11/05/2030 | &nbsp;&nbsp; 4.853% | 2748000 | &nbsp;&nbsp; 2806804 |
| Federation des Caisses Desjardins du Quebec<sup>(a)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(a)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(a)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(a)</sup>  |
| 03/14/2028 | &nbsp;&nbsp; 5.700% | 2210000 | &nbsp;&nbsp; 2294846 |
| 04/26/2029 | &nbsp;&nbsp; 5.250% | 1791000 | &nbsp;&nbsp; 1852849 |
| 08/26/2030 | &nbsp;&nbsp; 4.565% | 3485000 | &nbsp;&nbsp; 3504670 |
| Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  |
| 04/25/2033 | &nbsp;&nbsp; 4.337% | 2362000 | &nbsp;&nbsp; 2284165 |
| Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  |
| 01/28/2028 | &nbsp;&nbsp; 4.967% | 2105000 | &nbsp;&nbsp; 2126195 |
| First Citizens BancShares, Inc.<sup>(n)</sup>  | First Citizens BancShares, Inc.<sup>(n)</sup>  | First Citizens BancShares, Inc.<sup>(n)</sup>  | First Citizens BancShares, Inc.<sup>(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/12/2040 | &nbsp;&nbsp; 6.254% | 274000 | &nbsp;&nbsp; 275588 |
| Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  |
| 03/18/2027 | &nbsp;&nbsp; 5.283% | 1012000 | &nbsp;&nbsp; 1016564 |
| Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  |
| 05/21/2027 | &nbsp;&nbsp; 5.414% | 4680000 | &nbsp;&nbsp; 4714127 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 3.650% | 2135000 | &nbsp;&nbsp; 2088406 |
| Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  |
| 03/09/2027 | &nbsp;&nbsp; 1.431% | 10992000 | &nbsp;&nbsp; 10821287 |
| 02/24/2028 | &nbsp;&nbsp; 2.640% | 3320000 | &nbsp;&nbsp; 3240185 |
| 10/24/2029 | &nbsp;&nbsp; 6.484% | 546000 | &nbsp;&nbsp; 580822 |
| 04/25/2030 | &nbsp;&nbsp; 5.727% | 546000 | &nbsp;&nbsp; 571182 |
| 07/23/2030 | &nbsp;&nbsp; 5.049% | 4210000 | &nbsp;&nbsp; 4309330 |
| 04/22/2032 | &nbsp;&nbsp; 2.615% | 12585000 | &nbsp;&nbsp; 11358565 |
| 07/21/2032 | &nbsp;&nbsp; 2.383% | 10475000 | &nbsp;&nbsp; 9276086 |
| 07/23/2035 | &nbsp;&nbsp; 5.330% | 564000 | &nbsp;&nbsp; 573875 |
| 10/23/2035 | &nbsp;&nbsp; 5.016% | 4611000 | &nbsp;&nbsp; 4581748 |
| 01/28/2036 | &nbsp;&nbsp; 5.536% | 455000 | &nbsp;&nbsp; 469265 |
| 01/28/2056 | &nbsp;&nbsp; 5.734% | 2563000 | &nbsp;&nbsp; 2556287 |
| Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) |
| 07/08/2044 | &nbsp;&nbsp; 4.800% | 415000 | &nbsp;&nbsp; 373051 |
| HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  |
| 05/17/2028 | &nbsp;&nbsp; 5.597% | 775000 | &nbsp;&nbsp; 791057 |
| 09/22/2028 | &nbsp;&nbsp; 2.013% | 2929000 | &nbsp;&nbsp; 2795157 |
| 11/19/2028 | &nbsp;&nbsp; 5.130% | 3700000 | &nbsp;&nbsp; 3759778 |
| 08/17/2029 | &nbsp;&nbsp; 2.206% | 1403000 | &nbsp;&nbsp; 1321583 |
| 05/13/2031 | &nbsp;&nbsp; 5.240% | 4550000 | &nbsp;&nbsp; 4676177 |
| 05/24/2032 | &nbsp;&nbsp; 2.804% | 1829000 | &nbsp;&nbsp; 1650995 |
| HSBC USA, Inc. | HSBC USA, Inc. | HSBC USA, Inc. | HSBC USA, Inc. |
| 06/03/2028 | &nbsp;&nbsp; 4.650% | 2380000 | &nbsp;&nbsp; 2413610 |
| Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  |
| 08/21/2029 | &nbsp;&nbsp; 6.208% | 4040000 | &nbsp;&nbsp; 4257355 |
| 01/15/2031 | &nbsp;&nbsp; 5.272% | 1370000 | &nbsp;&nbsp; 1412289 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/18/2039 | &nbsp;&nbsp; 6.141% | 1419000 | &nbsp;&nbsp; 1462321 |
| Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  |
| 04/12/2028 | &nbsp;&nbsp; 4.871% | 1249000 | &nbsp;&nbsp; 1260367 |
| ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  |
| 03/25/2029 | &nbsp;&nbsp; 4.858% | 1355000 | &nbsp;&nbsp; 1373242 |
| 03/25/2031 | &nbsp;&nbsp; 5.066% | 1200000 | &nbsp;&nbsp; 1228663 |
| Intesa Sanpaolo SpA<sup>(a),(n)</sup>  | Intesa Sanpaolo SpA<sup>(a),(n)</sup>  | Intesa Sanpaolo SpA<sup>(a),(n)</sup>  | Intesa Sanpaolo SpA<sup>(a),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 06/01/2032 | &nbsp;&nbsp; 4.198% | 1100000 | &nbsp;&nbsp; 1029534 |
| JPMorgan Chase & Co.<sup>(b),(m)</sup>  | JPMorgan Chase & Co.<sup>(b),(m)</sup>  | JPMorgan Chase & Co.<sup>(b),(m)</sup>  | JPMorgan Chase & Co.<sup>(b),(m)</sup>  |
| 3-month Term SOFR + 2.745% <br>| &nbsp;&nbsp; 7.036% | 2993000 | &nbsp;&nbsp; 2999400 |
| JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  |
| 02/04/2027 | &nbsp;&nbsp; 1.040% | 6990000 | &nbsp;&nbsp; 6891117 |
| 04/22/2027 | &nbsp;&nbsp; 1.578% | 12742000 | &nbsp;&nbsp; 12522422 |
| 09/22/2027 | &nbsp;&nbsp; 1.470% | 1633000 | &nbsp;&nbsp; 1586289 |
| 02/24/2028 | &nbsp;&nbsp; 2.947% | 4120000 | &nbsp;&nbsp; 4045192 |
| 04/22/2028 | &nbsp;&nbsp; 5.571% | 1190000 | &nbsp;&nbsp; 1215388 |
| 01/23/2029 | &nbsp;&nbsp; 3.509% | 10345000 | &nbsp;&nbsp; 10189588 |
| 06/01/2029 | &nbsp;&nbsp; 2.069% | 2227000 | &nbsp;&nbsp; 2106107 |
| 12/05/2029 | &nbsp;&nbsp; 4.452% | 1404000 | &nbsp;&nbsp; 1414524 |
| 01/23/2030 | &nbsp;&nbsp; 5.012% | 885000 | &nbsp;&nbsp; 905951 |
| 04/22/2030 | &nbsp;&nbsp; 5.581% | 1050000 | &nbsp;&nbsp; 1096471 |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 813000 | &nbsp;&nbsp; 833697 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 10/15/2030 | &nbsp;&nbsp; 2.739% | 2352000 | &nbsp;&nbsp; 2216050 |
| 10/22/2030 | &nbsp;&nbsp; 4.603% | 1275000 | &nbsp;&nbsp; 1288585 |
| 01/24/2031 | &nbsp;&nbsp; 5.140% | 305000 | &nbsp;&nbsp; 314484 |
| 02/04/2032 | &nbsp;&nbsp; 1.953% | 190000 | &nbsp;&nbsp; 167154 |
| 04/22/2032 | &nbsp;&nbsp; 2.580% | 7675000 | &nbsp;&nbsp; 6941959 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 5750000 | &nbsp;&nbsp; 5126341 |
| 01/25/2033 | &nbsp;&nbsp; 2.963% | 2380000 | &nbsp;&nbsp; 2158218 |
| 04/22/2035 | &nbsp;&nbsp; 5.766% | 610000 | &nbsp;&nbsp; 644474 |
| 10/22/2035 | &nbsp;&nbsp; 4.946% | 2230000 | &nbsp;&nbsp; 2217692 |
| 01/24/2036 | &nbsp;&nbsp; 5.502% | 510000 | &nbsp;&nbsp; 526740 |
| 04/22/2036 | &nbsp;&nbsp; 5.572% | 4179000 | &nbsp;&nbsp; 4346173 |
| 11/15/2048 | &nbsp;&nbsp; 3.964% | 2475000 | &nbsp;&nbsp; 1968547 |
| 04/22/2051 | &nbsp;&nbsp; 3.109% | 52000 | &nbsp;&nbsp; 34733 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 07/23/2036 | &nbsp;&nbsp; 5.576% | 7885000 | &nbsp;&nbsp; 8048864 |
| KBC Group NV<sup>(a),(n)</sup>  | KBC Group NV<sup>(a),(n)</sup>  | KBC Group NV<sup>(a),(n)</sup>  | KBC Group NV<sup>(a),(n)</sup>  |
| 10/16/2030 | &nbsp;&nbsp; 4.932% | 2095000 | &nbsp;&nbsp; 2132989 |
| KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  |
| 03/06/2035 | &nbsp;&nbsp; 6.401% | 4925000 | &nbsp;&nbsp; 5288937 |
| Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  |
| 06/13/2029 | &nbsp;&nbsp; 4.818% | 4340000 | &nbsp;&nbsp; 4400528 |
| M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  |
| 07/08/2031 | &nbsp;&nbsp; 5.179% | 2720000 | &nbsp;&nbsp; 2779964 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 07/30/2035 | &nbsp;&nbsp; 5.400% | 5481000 | &nbsp;&nbsp; 5517081 |
| Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  |
| 01/16/2031 | &nbsp;&nbsp; 5.197% | 600000 | &nbsp;&nbsp; 619064 |
| 04/24/2036 | &nbsp;&nbsp; 5.615% | 4263000 | &nbsp;&nbsp; 4444956 |
| Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  |
| 07/06/2029 | &nbsp;&nbsp; 5.778% | 4740000 | &nbsp;&nbsp; 4935255 |
| 07/08/2031 | &nbsp;&nbsp; 5.047% | 6620000 | &nbsp;&nbsp; 6688658 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| 07/27/2026 | &nbsp;&nbsp; 3.125% | 583000 | &nbsp;&nbsp; 577911 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/08/2026 | &nbsp;&nbsp; 4.350% | 9045000 | &nbsp;&nbsp; 9055697 |
| Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  |
| 12/10/2026 | &nbsp;&nbsp; 0.985% | 510000 | &nbsp;&nbsp; 504933 |
| 05/04/2027 | &nbsp;&nbsp; 1.593% | 2792000 | &nbsp;&nbsp; 2739509 |
| 07/20/2027 | &nbsp;&nbsp; 1.512% | 505000 | &nbsp;&nbsp; 492468 |
| 01/21/2028 | &nbsp;&nbsp; 2.475% | 820000 | &nbsp;&nbsp; 800294 |
| 07/22/2028 | &nbsp;&nbsp; 3.591% | 4485000 | &nbsp;&nbsp; 4430206 |
| 10/18/2028 | &nbsp;&nbsp; 6.296% | 803000 | &nbsp;&nbsp; 836986 |
| 01/24/2029 | &nbsp;&nbsp; 3.772% | 4315000 | &nbsp;&nbsp; 4270718 |
| 04/20/2029 | &nbsp;&nbsp; 5.164% | 1499000 | &nbsp;&nbsp; 1532746 |
| 07/20/2029 | &nbsp;&nbsp; 5.449% | 2410000 | &nbsp;&nbsp; 2487612 |
| 01/23/2030 | &nbsp;&nbsp; 4.431% | 2885000 | &nbsp;&nbsp; 2897637 |
| 07/19/2030 | &nbsp;&nbsp; 5.042% | 573000 | &nbsp;&nbsp; 587064 |
| 10/18/2030 | &nbsp;&nbsp; 4.654% | 6945000 | &nbsp;&nbsp; 7011814 |
| 01/15/2031 | &nbsp;&nbsp; 5.230% | 4170000 | &nbsp;&nbsp; 4302613 |
| 04/17/2031 | &nbsp;&nbsp; 5.192% | 713000 | &nbsp;&nbsp; 735151 |
| 02/13/2032 | &nbsp;&nbsp; 1.794% | 510000 | &nbsp;&nbsp; 442353 |
| 04/28/2032 | &nbsp;&nbsp; 1.928% | 1899000 | &nbsp;&nbsp; 1647859 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 07/21/2032 | &nbsp;&nbsp; 2.239% | 8760000 | &nbsp;&nbsp; 7693974 |
| 10/20/2032 | &nbsp;&nbsp; 2.511% | 2605000 | &nbsp;&nbsp; 2310814 |
| 01/21/2033 | &nbsp;&nbsp; 2.943% | 4485000 | &nbsp;&nbsp; 4041861 |
| 04/21/2034 | &nbsp;&nbsp; 5.250% | 3865000 | &nbsp;&nbsp; 3947403 |
| 04/19/2035 | &nbsp;&nbsp; 5.831% | 2315000 | &nbsp;&nbsp; 2440543 |
| 01/18/2036 | &nbsp;&nbsp; 5.587% | 2450000 | &nbsp;&nbsp; 2532862 |
| 04/17/2036 | &nbsp;&nbsp; 5.664% | 3852000 | &nbsp;&nbsp; 4008963 |
| 04/22/2039 | &nbsp;&nbsp; 4.457% | 165000 | &nbsp;&nbsp; 153700 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 607000 | &nbsp;&nbsp; 525800 |
| Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 5400000 | &nbsp;&nbsp; 5476670 |
| National Bank of Canada | National Bank of Canada | National Bank of Canada | National Bank of Canada |
| 12/18/2028 | &nbsp;&nbsp; 5.600% | 1263000 | &nbsp;&nbsp; 1316173 |
| 10/10/2029 | &nbsp;&nbsp; 4.500% | 4260000 | &nbsp;&nbsp; 4286094 |
| Nationwide Building Society<sup>(a),(n)</sup>  | Nationwide Building Society<sup>(a),(n)</sup>  | Nationwide Building Society<sup>(a),(n)</sup>  | Nationwide Building Society<sup>(a),(n)</sup>  |
| 07/14/2029 | &nbsp;&nbsp; 4.649% | 3640000 | &nbsp;&nbsp; 3670634 |
| Nationwide Building Society<sup>(a)</sup>  | Nationwide Building Society<sup>(a)</sup>  | Nationwide Building Society<sup>(a)</sup>  | Nationwide Building Society<sup>(a)</sup>  |
| 07/29/2029 | &nbsp;&nbsp; 5.127% | 5625000 | &nbsp;&nbsp; 5793280 |
| NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  |
| 03/01/2035 | &nbsp;&nbsp; 5.778% | 968000 | &nbsp;&nbsp; 1011401 |
| NatWest Markets PLC<sup>(a)</sup>  | NatWest Markets PLC<sup>(a)</sup>  | NatWest Markets PLC<sup>(a)</sup>  | NatWest Markets PLC<sup>(a)</sup>  |
| 03/21/2028 | &nbsp;&nbsp; 4.789% | 4870000 | &nbsp;&nbsp; 4957730 |
| 05/17/2029 | &nbsp;&nbsp; 5.410% | 1651000 | &nbsp;&nbsp; 1713666 |
| PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  |
| 06/12/2029 | &nbsp;&nbsp; 5.582% | 3120000 | &nbsp;&nbsp; 3235849 |
| 10/28/2033 | &nbsp;&nbsp; 6.037% | 1261000 | &nbsp;&nbsp; 1351347 |
| 10/20/2034 | &nbsp;&nbsp; 6.875% | 880000 | &nbsp;&nbsp; 987852 |
| 07/21/2036 | &nbsp;&nbsp; 5.373% | 232000 | &nbsp;&nbsp; 235656 |
| Regions Bank | Regions Bank | Regions Bank | Regions Bank |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 06/26/2037 | &nbsp;&nbsp; 6.450% | 670000 | &nbsp;&nbsp; 723916 |
| Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  |
| 08/06/2029 | &nbsp;&nbsp; 4.498% | 9250000 | &nbsp;&nbsp; 9334146 |
| 08/02/2030 | &nbsp;&nbsp; 4.969% | 808000 | &nbsp;&nbsp; 825414 |
| 10/18/2030 | &nbsp;&nbsp; 4.650% | 1337000 | &nbsp;&nbsp; 1349274 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 3728000 | &nbsp;&nbsp; 3838767 |
| 05/02/2031 | &nbsp;&nbsp; 4.970% | 980000 | &nbsp;&nbsp; 1003235 |
| Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  |
| 01/27/2030 | &nbsp;&nbsp; 5.076% | 799000 | &nbsp;&nbsp; 816475 |
| Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  |
| 06/14/2027 | &nbsp;&nbsp; 1.673% | 1762000 | &nbsp;&nbsp; 1724098 |
| Skandinaviska Enskilda Banken AB<sup>(a),(c)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a),(c)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a),(c)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a),(c)</sup>  |
| 09/03/2030 | &nbsp;&nbsp; 4.500% | 6220000 | &nbsp;&nbsp; 6234648 |
| Societe Generale SA<sup>(a)</sup>  | Societe Generale SA<sup>(a)</sup>  | Societe Generale SA<sup>(a)</sup>  | Societe Generale SA<sup>(a)</sup>  |
| 02/19/2027 | &nbsp;&nbsp; 5.250% | 1110000 | &nbsp;&nbsp; 1121093 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Societe Generale SA<sup>(a),(n)</sup>  | Societe Generale SA<sup>(a),(n)</sup>  | Societe Generale SA<sup>(a),(n)</sup>  | Societe Generale SA<sup>(a),(n)</sup>  |
| 05/22/2031 | &nbsp;&nbsp; 5.512% | 5385000 | &nbsp;&nbsp; 5503427 |
| 06/09/2032 | &nbsp;&nbsp; 2.889% | 480000 | &nbsp;&nbsp; 427962 |
| 01/21/2033 | &nbsp;&nbsp; 3.337% | 10380000 | &nbsp;&nbsp; 9340857 |
| 04/13/2033 | &nbsp;&nbsp; 6.100% | 2130000 | &nbsp;&nbsp; 2225721 |
| Standard Chartered PLC<sup>(a),(n)</sup>  | Standard Chartered PLC<sup>(a),(n)</sup>  | Standard Chartered PLC<sup>(a),(n)</sup>  | Standard Chartered PLC<sup>(a),(n)</sup>  |
| 05/13/2031 | &nbsp;&nbsp; 5.244% | 1025000 | &nbsp;&nbsp; 1051101 |
| 08/12/2036 | &nbsp;&nbsp; 5.400% | 8655000 | &nbsp;&nbsp; 8643174 |
| State Street Corp. | State Street Corp. | State Street Corp. | State Street Corp. |
| 02/28/2030 | &nbsp;&nbsp; 4.729% | 744000 | &nbsp;&nbsp; 760622 |
| State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  |
| 10/22/2032 | &nbsp;&nbsp; 4.675% | 1333000 | &nbsp;&nbsp; 1348531 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2034 | &nbsp;&nbsp; 3.031% | 2562000 | &nbsp;&nbsp; 2402696 |
| Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. |
| 07/16/2029 | &nbsp;&nbsp; 3.040% | 625000 | &nbsp;&nbsp; 597033 |
| 04/15/2030 | &nbsp;&nbsp; 5.240% | 1252000 | &nbsp;&nbsp; 1298258 |
| 07/09/2031 | &nbsp;&nbsp; 5.424% | 1349000 | &nbsp;&nbsp; 1412416 |
| 01/15/2032 | &nbsp;&nbsp; 5.454% | 782000 | &nbsp;&nbsp; 818381 |
| Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  |
| 07/08/2031 | &nbsp;&nbsp; 4.660% | 6320000 | &nbsp;&nbsp; 6394541 |
| Sumitomo Mitsui Trust Bank Ltd.<sup>(a)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)</sup>  |
| 03/07/2027 | &nbsp;&nbsp; 5.200% | 3575000 | &nbsp;&nbsp; 3631952 |
| Svenska Handelsbanken AB<sup>(a)</sup>  | Svenska Handelsbanken AB<sup>(a)</sup>  | Svenska Handelsbanken AB<sup>(a)</sup>  | Svenska Handelsbanken AB<sup>(a)</sup>  |
| 05/23/2028 | &nbsp;&nbsp; 4.375% | 4840000 | &nbsp;&nbsp; 4891588 |
| Swedbank AB<sup>(a)</sup>  | Swedbank AB<sup>(a)</sup>  | Swedbank AB<sup>(a)</sup>  | Swedbank AB<sup>(a)</sup>  |
| 09/12/2026 | &nbsp;&nbsp; 6.136% | 3305000 | &nbsp;&nbsp; 3368014 |
| 03/14/2029 | &nbsp;&nbsp; 5.407% | 3135000 | &nbsp;&nbsp; 3248234 |
| Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  |
| 08/02/2030 | &nbsp;&nbsp; 5.935% | 2560000 | &nbsp;&nbsp; 2652009 |
| 03/06/2031 | &nbsp;&nbsp; 5.450% | 1685000 | &nbsp;&nbsp; 1717034 |
| 07/29/2036 | &nbsp;&nbsp; 6.000% | 570000 | &nbsp;&nbsp; 576227 |
| Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) |
| 06/02/2028 | &nbsp;&nbsp; 4.574% | 10565000 | &nbsp;&nbsp; 10689888 |
| 01/30/2032 | &nbsp;&nbsp; 5.298% | 1158000 | &nbsp;&nbsp; 1203086 |
| Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  |
| 07/24/2028 | &nbsp;&nbsp; 4.420% | 5535000 | &nbsp;&nbsp; 5551221 |
| Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  |
| 03/02/2027 | &nbsp;&nbsp; 1.267% | 280000 | &nbsp;&nbsp; 275759 |
| 10/30/2029 | &nbsp;&nbsp; 7.161% | 2365000 | &nbsp;&nbsp; 2567014 |
| 01/24/2030 | &nbsp;&nbsp; 5.435% | 2436000 | &nbsp;&nbsp; 2523070 |
| 05/20/2031 | &nbsp;&nbsp; 5.071% | 3920000 | &nbsp;&nbsp; 4012559 |
| 10/28/2033 | &nbsp;&nbsp; 6.123% | 464000 | &nbsp;&nbsp; 495459 |
| 06/08/2034 | &nbsp;&nbsp; 5.867% | 776000 | &nbsp;&nbsp; 815289 |
| U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
|  | &nbsp;&nbsp; 5.300% | 2980000 | &nbsp;&nbsp; 2973188 |
| UBS Group AG<sup>(a),(n)</sup>  | UBS Group AG<sup>(a),(n)</sup>  | UBS Group AG<sup>(a),(n)</sup>  | UBS Group AG<sup>(a),(n)</sup>  |
| 01/30/2027 | &nbsp;&nbsp; 1.364% | 712000 | &nbsp;&nbsp; 702974 |
| 08/10/2027 | &nbsp;&nbsp; 1.494% | 460000 | &nbsp;&nbsp; 447862 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| UniCredit SpA<sup>(a),(n)</sup>  | UniCredit SpA<sup>(a),(n)</sup>  | UniCredit SpA<sup>(a),(n)</sup>  | UniCredit SpA<sup>(a),(n)</sup>  | UniCredit SpA<sup>(a),(n)</sup>  |
| 09/22/2026 | &nbsp;&nbsp; 2.569% |  | 5195000 | &nbsp;&nbsp; 5188555 |
| US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  |
| 10/22/2027 | &nbsp;&nbsp; 4.507% |  | 6815000 | &nbsp;&nbsp; 6833107 |
| Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  |
| 05/22/2028 | &nbsp;&nbsp; 3.584% |  | 273000 | &nbsp;&nbsp; 270031 |
| 06/02/2028 | &nbsp;&nbsp; 2.393% |  | 9378000 | &nbsp;&nbsp; 9091999 |
| 07/25/2028 | &nbsp;&nbsp; 4.808% |  | 14890000 | &nbsp;&nbsp; 15050953 |
| 07/25/2029 | &nbsp;&nbsp; 5.574% |  | 1360000 | &nbsp;&nbsp; 1409682 |
| 10/23/2029 | &nbsp;&nbsp; 6.303% |  | 5615000 | &nbsp;&nbsp; 5951732 |
| 02/11/2031 | &nbsp;&nbsp; 2.572% |  | 6775000 | &nbsp;&nbsp; 6272674 |
| 03/02/2033 | &nbsp;&nbsp; 3.350% |  | 4755000 | &nbsp;&nbsp; 4384888 |
| 07/25/2033 | &nbsp;&nbsp; 4.897% |  | 2740000 | &nbsp;&nbsp; 2755762 |
| 10/23/2034 | &nbsp;&nbsp; 6.491% |  | 233000 | &nbsp;&nbsp; 256066 |
| 01/23/2035 | &nbsp;&nbsp; 5.499% |  | 753000 | &nbsp;&nbsp; 776540 |
| 12/03/2035 | &nbsp;&nbsp; 5.211% |  | 7920000 | &nbsp;&nbsp; 7989524 |
| 04/23/2036 | &nbsp;&nbsp; 5.605% |  | 7668000 | &nbsp;&nbsp; 7956217 |
| 04/30/2041 | &nbsp;&nbsp; 3.068% |  | 4650000 | &nbsp;&nbsp; 3539402 |
| Westpac New Zealand Ltd.<sup>(a)</sup>  | Westpac New Zealand Ltd.<sup>(a)</sup>  | Westpac New Zealand Ltd.<sup>(a)</sup>  | Westpac New Zealand Ltd.<sup>(a)</sup>  | Westpac New Zealand Ltd.<sup>(a)</sup>  |
| 02/26/2027 | &nbsp;&nbsp; 5.132% |  | 1331000 | &nbsp;&nbsp; 1349685 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **864188468** |
| **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** |
| Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. |
| 08/12/2035 | &nbsp;&nbsp; 5.150% |  | 1915000 | &nbsp;&nbsp; 1906611 |
| BGC Group, Inc.<sup>(a)</sup>  | BGC Group, Inc.<sup>(a)</sup>  | BGC Group, Inc.<sup>(a)</sup>  | BGC Group, Inc.<sup>(a)</sup>  | BGC Group, Inc.<sup>(a)</sup>  |
| 04/02/2030 | &nbsp;&nbsp; 6.150% |  | 1415000 | &nbsp;&nbsp; 1447302 |
| Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. |
| 07/18/2035 | &nbsp;&nbsp; 3.750% | EUR | 2430000 | &nbsp;&nbsp; 2899457 |
| Blackstone Holdings Finance Co. LLC<sup>(a)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(a)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(a)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(a)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(a)</sup>  |
| 08/05/2028 | &nbsp;&nbsp; 1.625% |  | 373000 | &nbsp;&nbsp; 348143 |
| 01/10/2030 | &nbsp;&nbsp; 2.500% |  | 130000 | &nbsp;&nbsp; 120975 |
| 01/30/2032 | &nbsp;&nbsp; 2.000% |  | 1846000 | &nbsp;&nbsp; 1574670 |
| Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. |
| 06/02/2026 | &nbsp;&nbsp; 4.250% |  | 791000 | &nbsp;&nbsp; 790067 |
| Cantor Fitzgerald LP<sup>(a)</sup>  | Cantor Fitzgerald LP<sup>(a)</sup>  | Cantor Fitzgerald LP<sup>(a)</sup>  | Cantor Fitzgerald LP<sup>(a)</sup>  | Cantor Fitzgerald LP<sup>(a)</sup>  |
| 12/12/2028 | &nbsp;&nbsp; 7.200% |  | 2300000 | &nbsp;&nbsp; 2462715 |
| Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  |
| 11/17/2029 | &nbsp;&nbsp; 6.196% |  | 441000 | &nbsp;&nbsp; 469165 |
| Citadel Securities Global Holdings LLC<sup>(a)</sup>  | Citadel Securities Global Holdings LLC<sup>(a)</sup>  | Citadel Securities Global Holdings LLC<sup>(a)</sup>  | Citadel Securities Global Holdings LLC<sup>(a)</sup>  | Citadel Securities Global Holdings LLC<sup>(a)</sup>  |
| 06/18/2030 | &nbsp;&nbsp; 5.500% |  | 1240000 | &nbsp;&nbsp; 1267775 |
| CME Group, Inc. | CME Group, Inc. | CME Group, Inc. | CME Group, Inc. | CME Group, Inc. |
| 03/15/2030 | &nbsp;&nbsp; 4.400% |  | 2010000 | &nbsp;&nbsp; 2031190 |
| Depository Trust & Clearing Corp. (The)<sup>(a),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(a),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(a),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(a),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 3.375% |  | 673000 | &nbsp;&nbsp; 656680 |
| EQT AB<sup>(a)</sup>  | EQT AB<sup>(a)</sup>  | EQT AB<sup>(a)</sup>  | EQT AB<sup>(a)</sup>  | EQT AB<sup>(a)</sup>  |
| 05/08/2035 | &nbsp;&nbsp; 5.850% |  | 1142000 | &nbsp;&nbsp; 1171166 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% |  | 1015000 | &nbsp;&nbsp; 1049499 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Hunt Companies, Inc.<sup>(a)</sup>  | Hunt Companies, Inc.<sup>(a)</sup>  | Hunt Companies, Inc.<sup>(a)</sup>  | Hunt Companies, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.250% | 2075000 | &nbsp;&nbsp; 2028794 |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. |
| 06/15/2030 | &nbsp;&nbsp; 2.100% | 1841000 | &nbsp;&nbsp; 1670838 |
| Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  |
| 05/01/2033 | &nbsp;&nbsp; 6.750% | 1280000 | &nbsp;&nbsp; 1324373 |
| Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  |
| 04/30/2031 | &nbsp;&nbsp; 7.125% | 800000 | &nbsp;&nbsp; 837147 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| 07/21/2028 | &nbsp;&nbsp; 5.875% | 3660000 | &nbsp;&nbsp; 3815643 |
| KKR & Co., Inc. | KKR & Co., Inc. | KKR & Co., Inc. | KKR & Co., Inc. |
| 08/07/2035 | &nbsp;&nbsp; 5.100% | 8390000 | &nbsp;&nbsp; 8326640 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| 05/20/2027 | &nbsp;&nbsp; 5.700% | 834000 | &nbsp;&nbsp; 850030 |
| 03/15/2030 | &nbsp;&nbsp; 5.200% | 1259000 | &nbsp;&nbsp; 1286404 |
| 06/15/2030 | &nbsp;&nbsp; 5.150% | 4167000 | &nbsp;&nbsp; 4249566 |
| Marex Group PLC | Marex Group PLC | Marex Group PLC | Marex Group PLC |
| 05/08/2028 | &nbsp;&nbsp; 5.829% | 2900000 | &nbsp;&nbsp; 2939958 |
| 11/04/2029 | &nbsp;&nbsp; 6.404% | 3040000 | &nbsp;&nbsp; 3131772 |
| MSD Investment Corp.<sup>(a)</sup>  | MSD Investment Corp.<sup>(a)</sup>  | MSD Investment Corp.<sup>(a)</sup>  | MSD Investment Corp.<sup>(a)</sup>  |
| 05/31/2030 | &nbsp;&nbsp; 6.250% | 1245000 | &nbsp;&nbsp; 1262849 |
| National Securities Clearing Corp.<sup>(a)</sup>  | National Securities Clearing Corp.<sup>(a)</sup>  | National Securities Clearing Corp.<sup>(a)</sup>  | National Securities Clearing Corp.<sup>(a)</sup>  |
| 05/20/2030 | &nbsp;&nbsp; 4.700% | 842000 | &nbsp;&nbsp; 859242 |
| Nomura Holdings, Inc. | Nomura Holdings, Inc. | Nomura Holdings, Inc. | Nomura Holdings, Inc. |
| 07/12/2028 | &nbsp;&nbsp; 6.070% | 7560000 | &nbsp;&nbsp; 7919097 |
| 07/14/2031 | &nbsp;&nbsp; 2.608% | 1100000 | &nbsp;&nbsp; 985651 |
| Nuveen LLC<sup>(a)</sup>  | Nuveen LLC<sup>(a)</sup>  | Nuveen LLC<sup>(a)</sup>  | Nuveen LLC<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 5.550% | 871000 | &nbsp;&nbsp; 911755 |
| Stifel Financial Corp. | Stifel Financial Corp. | Stifel Financial Corp. | Stifel Financial Corp. |
| 05/15/2030 | &nbsp;&nbsp; 4.000% | 3755000 | &nbsp;&nbsp; 3673926 |
| TPG Operating Group II LP | TPG Operating Group II LP | TPG Operating Group II LP | TPG Operating Group II LP |
| 01/15/2036 | &nbsp;&nbsp; 5.375% | 4755000 | &nbsp;&nbsp; 4730324 |
| VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(a)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(a)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(a)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(a)</sup>  |
| 06/15/2031 | &nbsp;&nbsp; 7.500% | 645000 | &nbsp;&nbsp; 678927 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **69678351** |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| AmeriTex HoldCo Intermediate LLC<sup>(a)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(a)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(a)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 7.625% | 745000 | &nbsp;&nbsp; 769212 |
| Camelot Return Merger Sub, Inc.<sup>(a)</sup>  | Camelot Return Merger Sub, Inc.<sup>(a)</sup>  | Camelot Return Merger Sub, Inc.<sup>(a)</sup>  | Camelot Return Merger Sub, Inc.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 8.750% | 1544000 | &nbsp;&nbsp; 1485167 |
| Cemex SAB de CV<sup>(a),(m),(n)</sup>  | Cemex SAB de CV<sup>(a),(m),(n)</sup>  | Cemex SAB de CV<sup>(a),(m),(n)</sup>  | Cemex SAB de CV<sup>(a),(m),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
|  | &nbsp;&nbsp; 7.200% | 950000 | &nbsp;&nbsp; 980591 |
| CRH SMW Finance DAC | CRH SMW Finance DAC | CRH SMW Finance DAC | CRH SMW Finance DAC |
| 05/21/2029 | &nbsp;&nbsp; 5.200% | 980000 | &nbsp;&nbsp; 1011212 |
| Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. |
| 03/25/2032 | &nbsp;&nbsp; 4.000% | 498000 | &nbsp;&nbsp; 473032 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. |
| 09/15/2029 | &nbsp;&nbsp; 3.250% | 2213000 | &nbsp;&nbsp; 2116710 |
| Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. |
| 03/15/2030 | &nbsp;&nbsp; 2.500% | 3005000 | &nbsp;&nbsp; 2786208 |
| 07/15/2031 | &nbsp;&nbsp; 2.400% | 375000 | &nbsp;&nbsp; 334389 |
| Mohawk Industries, Inc. | Mohawk Industries, Inc. | Mohawk Industries, Inc. | Mohawk Industries, Inc. |
| 09/18/2028 | &nbsp;&nbsp; 5.850% | 245000 | &nbsp;&nbsp; 255897 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 2190000 | &nbsp;&nbsp; 2258387 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 190000 | &nbsp;&nbsp; 196835 |
| Smyrna Ready Mix Concrete LLC<sup>(a)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(a)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(a)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.875% | 650000 | &nbsp;&nbsp; 693724 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 310000 | &nbsp;&nbsp; 320072 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 4.375% | 3180000 | &nbsp;&nbsp; 3048224 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16729660** |
| **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 5.375% | 100000 | &nbsp;&nbsp; 99197 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 2000000 | &nbsp;&nbsp; 1829603 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/01/2034 | &nbsp;&nbsp; 6.550% | 1509000 | &nbsp;&nbsp; 1600117 |
| 12/01/2061 | &nbsp;&nbsp; 4.400% | 300000 | &nbsp;&nbsp; 204118 |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 01/15/2029 | &nbsp;&nbsp; 2.250% | 6050000 | &nbsp;&nbsp; 5626409 |
| 06/01/2029 | &nbsp;&nbsp; 6.100% | 4803000 | &nbsp;&nbsp; 5046467 |
| 04/01/2031 | &nbsp;&nbsp; 2.800% | 290000 | &nbsp;&nbsp; 261032 |
| 03/01/2042 | &nbsp;&nbsp; 3.500% | 520000 | &nbsp;&nbsp; 369195 |
| 10/23/2045 | &nbsp;&nbsp; 6.484% | 2580000 | &nbsp;&nbsp; 2508083 |
| 05/01/2047 | &nbsp;&nbsp; 5.375% | 1711000 | &nbsp;&nbsp; 1454998 |
| 04/01/2048 | &nbsp;&nbsp; 5.750% | 660000 | &nbsp;&nbsp; 588523 |
| 03/01/2050 | &nbsp;&nbsp; 4.800% | 2521000 | &nbsp;&nbsp; 1948769 |
| 04/01/2051 | &nbsp;&nbsp; 3.700% | 1670000 | &nbsp;&nbsp; 1074727 |
| 06/01/2052 | &nbsp;&nbsp; 3.900% | 1458000 | &nbsp;&nbsp; 964186 |
| 04/01/2053 | &nbsp;&nbsp; 5.250% | 854000 | &nbsp;&nbsp; 697399 |
| 04/01/2061 | &nbsp;&nbsp; 3.850% | 289000 | &nbsp;&nbsp; 176221 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 02/01/2030 | &nbsp;&nbsp; 2.650% | 500000 | &nbsp;&nbsp; 468533 |
| 01/15/2031 | &nbsp;&nbsp; 1.950% | 450000 | &nbsp;&nbsp; 398603 |
| 02/15/2031 | &nbsp;&nbsp; 1.500% | 484000 | &nbsp;&nbsp; 417282 |
| 06/01/2034 | &nbsp;&nbsp; 5.300% | 424000 | &nbsp;&nbsp; 436358 |
| 07/15/2036 | &nbsp;&nbsp; 3.200% | 232000 | &nbsp;&nbsp; 195243 |
| 03/01/2038 | &nbsp;&nbsp; 3.900% | 246000 | &nbsp;&nbsp; 214060 |
| 02/01/2050 | &nbsp;&nbsp; 3.450% | 1900000 | &nbsp;&nbsp; 1290448 |
| 06/01/2054 | &nbsp;&nbsp; 5.650% | 345000 | &nbsp;&nbsp; 330579 |
| 05/15/2055 | &nbsp;&nbsp; 6.050% | 1335000 | &nbsp;&nbsp; 1350708 |
| 05/15/2064 | &nbsp;&nbsp; 5.500% | 327000 | &nbsp;&nbsp; 300508 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Cox Communications, Inc.<sup>(a)</sup>  | Cox Communications, Inc.<sup>(a)</sup>  | Cox Communications, Inc.<sup>(a)</sup>  | Cox Communications, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 1.800% | 562000 | &nbsp;&nbsp; 489394 |
| 09/01/2034 | &nbsp;&nbsp; 5.450% | 10310000 | &nbsp;&nbsp; 10169400 |
| 09/01/2054 | &nbsp;&nbsp; 5.950% | 5165000 | &nbsp;&nbsp; 4681619 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 3550000 | &nbsp;&nbsp; 3416703 |
| 02/01/2028 | &nbsp;&nbsp; 5.375% | 850000 | &nbsp;&nbsp; 783275 |
| 01/31/2029 | &nbsp;&nbsp; 11.750% | 3659000 | &nbsp;&nbsp; 3358118 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 3041000 | &nbsp;&nbsp; 2394805 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 1706000 | &nbsp;&nbsp; 800444 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 500000 | &nbsp;&nbsp; 329040 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 2225000 | &nbsp;&nbsp; 976509 |
| 02/15/2031 | &nbsp;&nbsp; 3.375% | 400000 | &nbsp;&nbsp; 255944 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 07/01/2026 | &nbsp;&nbsp; 7.750% | 2039000 | &nbsp;&nbsp; 1982430 |
| 07/01/2028 | &nbsp;&nbsp; 7.375% | 600000 | &nbsp;&nbsp; 543054 |
| 06/01/2029 | &nbsp;&nbsp; 5.125% | 750000 | &nbsp;&nbsp; 618405 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 3516000 | &nbsp;&nbsp; 3718932 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 3720800 | &nbsp;&nbsp; 4005399 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.500% | 1085000 | &nbsp;&nbsp; 1085387 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 11/15/2040 | &nbsp;&nbsp; 5.875% | 1980000 | &nbsp;&nbsp; 1892223 |
| 09/01/2041 | &nbsp;&nbsp; 5.500% | 2946000 | &nbsp;&nbsp; 2658522 |
| 09/15/2042 | &nbsp;&nbsp; 4.500% | 1770000 | &nbsp;&nbsp; 1401007 |
| Viasat, Inc.<sup>(a)</sup>  | Viasat, Inc.<sup>(a)</sup>  | Viasat, Inc.<sup>(a)</sup>  | Viasat, Inc.<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.625% | 1065000 | &nbsp;&nbsp; 1062835 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **76474811** |
| **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** |
| Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  |
| 01/10/2028 | &nbsp;&nbsp; 4.500% | 356000 | &nbsp;&nbsp; 277289 |
| 01/31/2030 | &nbsp;&nbsp; 4.500% | 907000 | &nbsp;&nbsp; 639778 |
| 01/12/2031 | &nbsp;&nbsp; 8.500% | 5224000 | &nbsp;&nbsp; 3983034 |
| Cabot Corp. | Cabot Corp. | Cabot Corp. | Cabot Corp. |
| 07/01/2029 | &nbsp;&nbsp; 4.000% | 1810000 | &nbsp;&nbsp; 1789955 |
| CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. |
| 03/15/2034 | &nbsp;&nbsp; 5.150% | 3125000 | &nbsp;&nbsp; 3114078 |
| 06/01/2043 | &nbsp;&nbsp; 4.950% | 1700000 | &nbsp;&nbsp; 1520162 |
| DowDuPont, Inc. | DowDuPont, Inc. | DowDuPont, Inc. | DowDuPont, Inc. |
| 11/15/2028 | &nbsp;&nbsp; 4.725% | 5440000 | &nbsp;&nbsp; 5542923 |
| Eastman Chemical Co. | Eastman Chemical Co. | Eastman Chemical Co. | Eastman Chemical Co. |
| 08/01/2029 | &nbsp;&nbsp; 5.000% | 2330000 | &nbsp;&nbsp; 2372787 |
| FMC Corp. | FMC Corp. | FMC Corp. | FMC Corp. |
| 10/01/2029 | &nbsp;&nbsp; 3.450% | 1005000 | &nbsp;&nbsp; 950567 |
| 10/01/2049 | &nbsp;&nbsp; 4.500% | 340000 | &nbsp;&nbsp; 253177 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 1.832% | 455000 | &nbsp;&nbsp; 431855 |
| 11/01/2030 | &nbsp;&nbsp; 2.300% | 5075000 | &nbsp;&nbsp; 4536509 |
| 11/15/2040 | &nbsp;&nbsp; 3.268% | 365000 | &nbsp;&nbsp; 273240 |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 03/01/2034 | &nbsp;&nbsp; 5.500% | 4025000 | &nbsp;&nbsp; 4003421 |
| Nufarm Australia Ltd./Americas, Inc.<sup>(a)</sup>  | Nufarm Australia Ltd./Americas, Inc.<sup>(a)</sup>  | Nufarm Australia Ltd./Americas, Inc.<sup>(a)</sup>  | Nufarm Australia Ltd./Americas, Inc.<sup>(a)</sup>  |
| 01/27/2030 | &nbsp;&nbsp; 5.000% | 740000 | &nbsp;&nbsp; 683778 |
| Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. |
| 11/07/2025 | &nbsp;&nbsp; 5.950% | 407000 | &nbsp;&nbsp; 407693 |
| 12/01/2036 | &nbsp;&nbsp; 5.875% | 86000 | &nbsp;&nbsp; 89618 |
| Olin Corp.<sup>(a)</sup>  | Olin Corp.<sup>(a)</sup>  | Olin Corp.<sup>(a)</sup>  | Olin Corp.<sup>(a)</sup>  |
| 04/01/2033 | &nbsp;&nbsp; 6.625% | 1000000 | &nbsp;&nbsp; 998738 |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 11/15/2028 | &nbsp;&nbsp; 9.750% | 3025000 | &nbsp;&nbsp; 3172327 |
| Parkland Corp.<sup>(a)</sup>  | Parkland Corp.<sup>(a)</sup>  | Parkland Corp.<sup>(a)</sup>  | Parkland Corp.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 805000 | &nbsp;&nbsp; 829146 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 380000 | &nbsp;&nbsp; 386371 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 230000 | &nbsp;&nbsp; 237750 |
| Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC |
| 09/27/2028 | &nbsp;&nbsp; 6.500% | 2550000 | &nbsp;&nbsp; 2482760 |
| Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) |
| 08/15/2035 | &nbsp;&nbsp; 5.150% | 2500000 | &nbsp;&nbsp; 2517795 |
| Sociedad Quimica y Minera de Chile SA<sup>(a)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(a)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(a)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(a)</sup>  |
| 09/10/2034 | &nbsp;&nbsp; 5.500% | 1825000 | &nbsp;&nbsp; 1809473 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **43304224** |
| **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** |
| AGCO Corp. | AGCO Corp. | AGCO Corp. | AGCO Corp. |
| 03/21/2027 | &nbsp;&nbsp; 5.450% | 894000 | &nbsp;&nbsp; 906211 |
| Alta Equipment Group, Inc.<sup>(a)</sup>  | Alta Equipment Group, Inc.<sup>(a)</sup>  | Alta Equipment Group, Inc.<sup>(a)</sup>  | Alta Equipment Group, Inc.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 9.000% | 1085000 | &nbsp;&nbsp; 1032132 |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 08/16/2029 | &nbsp;&nbsp; 4.375% | 700000 | &nbsp;&nbsp; 710060 |
| Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. |
| 05/15/2035 | &nbsp;&nbsp; 5.200% | 1419000 | &nbsp;&nbsp; 1454365 |
| CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC |
| 03/21/2028 | &nbsp;&nbsp; 4.750% | 2345000 | &nbsp;&nbsp; 2371369 |
| 01/12/2029 | &nbsp;&nbsp; 5.500% | 1212000 | &nbsp;&nbsp; 1255438 |
| 04/20/2029 | &nbsp;&nbsp; 5.100% | 1332000 | &nbsp;&nbsp; 1365904 |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 1150000 | &nbsp;&nbsp; 1196822 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 525000 | &nbsp;&nbsp; 550566 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 06/11/2029 | &nbsp;&nbsp; 4.850% | 861000 | &nbsp;&nbsp; 885511 |
| 06/10/2030 | &nbsp;&nbsp; 4.700% | 1909000 | &nbsp;&nbsp; 1956282 |
| 03/07/2031 | &nbsp;&nbsp; 4.900% | 1571000 | &nbsp;&nbsp; 1619473 |
| 09/08/2031 | &nbsp;&nbsp; 4.400% | 1079000 | &nbsp;&nbsp; 1084446 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Maxim Crane Works Holdings Capital LLC<sup>(a)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(a)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(a)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 11.500% | 975000 | &nbsp;&nbsp; 1033416 |
| Oregon Tool Lux LP<sup>(a)</sup>  | Oregon Tool Lux LP<sup>(a)</sup>  | Oregon Tool Lux LP<sup>(a)</sup>  | Oregon Tool Lux LP<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 7.875% | 570445 | &nbsp;&nbsp; 305188 |
| Terex Corp.<sup>(a)</sup>  | Terex Corp.<sup>(a)</sup>  | Terex Corp.<sup>(a)</sup>  | Terex Corp.<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.250% | 1050000 | &nbsp;&nbsp; 1062853 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 01/15/2030 | &nbsp;&nbsp; 5.250% | 1750000 | &nbsp;&nbsp; 1755748 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20545784** |
| **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** |
| Allied Universal Holdco LLC<sup>(a)</sup>  | Allied Universal Holdco LLC<sup>(a)</sup>  | Allied Universal Holdco LLC<sup>(a)</sup>  | Allied Universal Holdco LLC<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.875% | 835000 | &nbsp;&nbsp; 877078 |
| Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 6.000% | 1300000 | &nbsp;&nbsp; 1285654 |
| Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 1910000 | &nbsp;&nbsp; 1866995 |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 990000 | &nbsp;&nbsp; 965780 |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 745000 | &nbsp;&nbsp; 724487 |
| Block Financial LLC | Block Financial LLC | Block Financial LLC | Block Financial LLC |
| 09/15/2032 | &nbsp;&nbsp; 5.375% | 3765000 | &nbsp;&nbsp; 3787766 |
| Brink's Co. (The)<sup>(a)</sup>  | Brink's Co. (The)<sup>(a)</sup>  | Brink's Co. (The)<sup>(a)</sup>  | Brink's Co. (The)<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.500% | 540000 | &nbsp;&nbsp; 556072 |
| 06/15/2032 | &nbsp;&nbsp; 6.750% | 540000 | &nbsp;&nbsp; 560602 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 1155000 | &nbsp;&nbsp; 1042980 |
| Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 6.875% | 1020000 | &nbsp;&nbsp; 1041324 |
| Service Corp. International | Service Corp. International | Service Corp. International | Service Corp. International |
| 10/15/2032 | &nbsp;&nbsp; 5.750% | 645000 | &nbsp;&nbsp; 652047 |
| Uber Technologies, Inc.<sup>(a)</sup>  | Uber Technologies, Inc.<sup>(a)</sup>  | Uber Technologies, Inc.<sup>(a)</sup>  | Uber Technologies, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.500% | 669000 | &nbsp;&nbsp; 669597 |
| Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. |
| 01/15/2030 | &nbsp;&nbsp; 4.300% | 877000 | &nbsp;&nbsp; 879617 |
| 09/15/2034 | &nbsp;&nbsp; 4.800% | 3560000 | &nbsp;&nbsp; 3518009 |
| 09/15/2054 | &nbsp;&nbsp; 5.350% | 2116000 | &nbsp;&nbsp; 1981499 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20409507** |
| **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** |
| Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 4.375% | 1085000 | &nbsp;&nbsp; 1039089 |
| Kenvue, Inc. | Kenvue, Inc. | Kenvue, Inc. | Kenvue, Inc. |
| 03/22/2028 | &nbsp;&nbsp; 5.050% | 579000 | &nbsp;&nbsp; 593674 |
| 05/22/2032 | &nbsp;&nbsp; 4.850% | 957000 | &nbsp;&nbsp; 974074 |
| Kronos Acquisition Holdings, Inc.<sup>(a)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(a)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(a)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 10.750% | 1400000 | &nbsp;&nbsp; 714013 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 6.375% | 115000 | &nbsp;&nbsp; 92990 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 760000 | &nbsp;&nbsp; 803289 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 480000 | &nbsp;&nbsp; 473854 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 585000 | &nbsp;&nbsp; 572815 |
| Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. |
| 09/30/2032 | &nbsp;&nbsp; 6.125% | 1025000 | &nbsp;&nbsp; 1031756 |
| Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 3.875% | 479000 | &nbsp;&nbsp; 383497 |
| SWF Escrow Issuer Corp.<sup>(a)</sup>  | SWF Escrow Issuer Corp.<sup>(a)</sup>  | SWF Escrow Issuer Corp.<sup>(a)</sup>  | SWF Escrow Issuer Corp.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 6.500% | 950000 | &nbsp;&nbsp; 380539 |
| Tempur Sealy International, Inc.<sup>(a)</sup>  | Tempur Sealy International, Inc.<sup>(a)</sup>  | Tempur Sealy International, Inc.<sup>(a)</sup>  | Tempur Sealy International, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.000% | 500000 | &nbsp;&nbsp; 480597 |
| 10/15/2031 | &nbsp;&nbsp; 3.875% | 665000 | &nbsp;&nbsp; 609399 |
| Unilever Capital Corp. | Unilever Capital Corp. | Unilever Capital Corp. | Unilever Capital Corp. |
| 08/12/2034 | &nbsp;&nbsp; 4.625% | 1405000 | &nbsp;&nbsp; 1402591 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 270000 | &nbsp;&nbsp; 273440 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **9825617** |
| **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** |
| 3M Co. | 3M Co. | 3M Co. | 3M Co. |
| 03/15/2030 | &nbsp;&nbsp; 4.800% | 2030000 | &nbsp;&nbsp; 2075015 |
| 03/15/2035 | &nbsp;&nbsp; 5.150% | 698000 | &nbsp;&nbsp; 708840 |
| Amphenol Corp. | Amphenol Corp. | Amphenol Corp. | Amphenol Corp. |
| 06/12/2028 | &nbsp;&nbsp; 4.375% | 5110000 | &nbsp;&nbsp; 5159543 |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 4.625% | 1685000 | &nbsp;&nbsp; 1627855 |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 02/15/2030 | &nbsp;&nbsp; 2.722% | 200000 | &nbsp;&nbsp; 187801 |
| 03/15/2034 | &nbsp;&nbsp; 5.900% | 212000 | &nbsp;&nbsp; 226150 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 1710000 | &nbsp;&nbsp; 1756708 |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 1527000 | &nbsp;&nbsp; 1550295 |
| 03/01/2035 | &nbsp;&nbsp; 5.000% | 453000 | &nbsp;&nbsp; 456011 |
| Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | Ingersoll Rand, Inc. |
| 08/14/2028 | &nbsp;&nbsp; 5.400% | 481000 | &nbsp;&nbsp; 497505 |
| 06/15/2029 | &nbsp;&nbsp; 5.176% | 384000 | &nbsp;&nbsp; 396680 |
| 06/15/2034 | &nbsp;&nbsp; 5.450% | 284000 | &nbsp;&nbsp; 293585 |
| Valmont Industries, Inc. | Valmont Industries, Inc. | Valmont Industries, Inc. | Valmont Industries, Inc. |
| 10/01/2054 | &nbsp;&nbsp; 5.250% | 2050000 | &nbsp;&nbsp; 1821248 |
| Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 4.700% | 1190000 | &nbsp;&nbsp; 1205284 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Weir Group, Inc.<sup>(a)</sup>  | Weir Group, Inc.<sup>(a)</sup>  | Weir Group, Inc.<sup>(a)</sup>  | Weir Group, Inc.<sup>(a)</sup>  | Weir Group, Inc.<sup>(a)</sup>  |
| 05/06/2030 | &nbsp;&nbsp; 5.350% |  | 2890000 | &nbsp;&nbsp; 2951194 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **20913714** |
| **Electric 2.0%** | **Electric 2.0%** | **Electric 2.0%** | **Electric 2.0%** | **Electric 2.0%** |
| AEP Texas Central Co.<sup>(a)</sup>  | AEP Texas Central Co.<sup>(a)</sup>  | AEP Texas Central Co.<sup>(a)</sup>  | AEP Texas Central Co.<sup>(a)</sup>  | AEP Texas Central Co.<sup>(a)</sup>  |
| 10/01/2025 | &nbsp;&nbsp; 3.850% |  | 1658000 | &nbsp;&nbsp; 1655946 |
| AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. |
| 02/15/2033 | &nbsp;&nbsp; 6.650% |  | 1385000 | &nbsp;&nbsp; 1509974 |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 05/15/2029 | &nbsp;&nbsp; 5.450% |  | 1383000 | &nbsp;&nbsp; 1435781 |
| AES Corp. (The) | AES Corp. (The) | AES Corp. (The) | AES Corp. (The) | AES Corp. (The) |
| 01/15/2026 | &nbsp;&nbsp; 1.375% |  | 544000 | &nbsp;&nbsp; 537017 |
| 06/01/2028 | &nbsp;&nbsp; 5.450% |  | 864000 | &nbsp;&nbsp; 884485 |
| 03/15/2032 | &nbsp;&nbsp; 5.800% |  | 1363000 | &nbsp;&nbsp; 1403537 |
| AES Panama Generation Holdings SRL<sup>(a)</sup>  | AES Panama Generation Holdings SRL<sup>(a)</sup>  | AES Panama Generation Holdings SRL<sup>(a)</sup>  | AES Panama Generation Holdings SRL<sup>(a)</sup>  | AES Panama Generation Holdings SRL<sup>(a)</sup>  |
| 05/31/2030 | &nbsp;&nbsp; 4.375% |  | 940838 | &nbsp;&nbsp; 868991 |
| Alabama Power Co. | Alabama Power Co. | Alabama Power Co. | Alabama Power Co. | Alabama Power Co. |
| 11/15/2033 | &nbsp;&nbsp; 5.850% |  | 379000 | &nbsp;&nbsp; 404575 |
| Alfa Desarrollo SpA<sup>(a)</sup>  | Alfa Desarrollo SpA<sup>(a)</sup>  | Alfa Desarrollo SpA<sup>(a)</sup>  | Alfa Desarrollo SpA<sup>(a)</sup>  | Alfa Desarrollo SpA<sup>(a)</sup>  |
| 09/27/2051 | &nbsp;&nbsp; 4.550% |  | 3754575 | &nbsp;&nbsp; 2962557 |
| Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. |
| 06/15/2026 | &nbsp;&nbsp; 5.365% |  | 784000 | &nbsp;&nbsp; 788115 |
| Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  |
| 06/06/2027 | &nbsp;&nbsp; 5.400% |  | 2755000 | &nbsp;&nbsp; 2787341 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% |  | 665000 | &nbsp;&nbsp; 686441 |
| Ameren Corp. | Ameren Corp. | Ameren Corp. | Ameren Corp. | Ameren Corp. |
| 02/15/2026 | &nbsp;&nbsp; 3.650% |  | 590000 | &nbsp;&nbsp; 587730 |
| 03/15/2028 | &nbsp;&nbsp; 1.750% |  | 651000 | &nbsp;&nbsp; 613884 |
| 01/15/2029 | &nbsp;&nbsp; 5.000% |  | 2137000 | &nbsp;&nbsp; 2185982 |
| American Electric Power Co., Inc.<sup>(n)</sup>  | American Electric Power Co., Inc.<sup>(n)</sup>  | American Electric Power Co., Inc.<sup>(n)</sup>  | American Electric Power Co., Inc.<sup>(n)</sup>  | American Electric Power Co., Inc.<sup>(n)</sup>  |
| 02/15/2062 | &nbsp;&nbsp; 3.875% |  | 2855000 | &nbsp;&nbsp; 2765852 |
| American Transmission Systems, Inc.<sup>(a)</sup>  | American Transmission Systems, Inc.<sup>(a)</sup>  | American Transmission Systems, Inc.<sup>(a)</sup>  | American Transmission Systems, Inc.<sup>(a)</sup>  | American Transmission Systems, Inc.<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 2.650% |  | 2648000 | &nbsp;&nbsp; 2355095 |
| Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  |
| 09/23/2033 | &nbsp;&nbsp; 0.625% | EUR | 1200000 | &nbsp;&nbsp; 1120027 |
| Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. |
| 04/01/2034 | &nbsp;&nbsp; 5.650% |  | 6920000 | &nbsp;&nbsp; 7167340 |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| 12/15/2032 | &nbsp;&nbsp; 6.350% |  | 2155000 | &nbsp;&nbsp; 2342734 |
| 08/15/2034 | &nbsp;&nbsp; 5.700% |  | 2520000 | &nbsp;&nbsp; 2611528 |
| 08/15/2048 | &nbsp;&nbsp; 4.200% |  | 117000 | &nbsp;&nbsp; 92180 |
| Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 3.800% |  | 452000 | &nbsp;&nbsp; 444179 |
| Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. |
| 10/15/2029 | &nbsp;&nbsp; 3.050% |  | 336000 | &nbsp;&nbsp; 317585 |
| 01/15/2035 | &nbsp;&nbsp; 6.000% |  | 397000 | &nbsp;&nbsp; 417343 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 4.500% | 2250000 | &nbsp;&nbsp; 2229287 |
| 03/15/2028 | &nbsp;&nbsp; 5.125% | 575000 | &nbsp;&nbsp; 574385 |
| 02/01/2029 | &nbsp;&nbsp; 4.625% | 2000000 | &nbsp;&nbsp; 1977045 |
| 02/01/2031 | &nbsp;&nbsp; 5.000% | 4045000 | &nbsp;&nbsp; 4012066 |
| Capital Power US Holdings, Inc.<sup>(a)</sup>  | Capital Power US Holdings, Inc.<sup>(a)</sup>  | Capital Power US Holdings, Inc.<sup>(a)</sup>  | Capital Power US Holdings, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 5.257% | 1705000 | &nbsp;&nbsp; 1734203 |
| CenterPoint Energy Houston Electric LLC | CenterPoint Energy Houston Electric LLC | CenterPoint Energy Houston Electric LLC | CenterPoint Energy Houston Electric LLC |
| 03/01/2034 | &nbsp;&nbsp; 5.150% | 7000000 | &nbsp;&nbsp; 7120349 |
| CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 5.400% | 532000 | &nbsp;&nbsp; 551347 |
| CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  |
| 05/15/2055 | &nbsp;&nbsp; 6.700% | 4165000 | &nbsp;&nbsp; 4261407 |
| Chile Electricity Lux MPC II Sarl<sup>(a)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(a)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(a)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(a)</sup>  |
| 10/20/2035 | &nbsp;&nbsp; 5.580% | 1050818 | &nbsp;&nbsp; 1061366 |
| Cleveland Electric Illuminating Co. (The)<sup>(a)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(a)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(a)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(a)</sup>  |
| 04/01/2028 | &nbsp;&nbsp; 3.500% | 3111000 | &nbsp;&nbsp; 3045881 |
| Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) |
| 12/15/2036 | &nbsp;&nbsp; 5.950% | 1279000 | &nbsp;&nbsp; 1334642 |
| CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. |
| 02/15/2027 | &nbsp;&nbsp; 2.950% | 80000 | &nbsp;&nbsp; 78450 |
| CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  |
| 06/01/2050 | &nbsp;&nbsp; 4.750% | 1378000 | &nbsp;&nbsp; 1332090 |
| 12/01/2050 | &nbsp;&nbsp; 3.750% | 267000 | &nbsp;&nbsp; 242350 |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| 03/01/2035 | &nbsp;&nbsp; 5.300% | 94000 | &nbsp;&nbsp; 96277 |
| 06/15/2046 | &nbsp;&nbsp; 3.850% | 1310000 | &nbsp;&nbsp; 1018303 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 08/15/2026 | &nbsp;&nbsp; 2.850% | 750000 | &nbsp;&nbsp; 740152 |
| 05/15/2028 | &nbsp;&nbsp; 4.600% | 3775000 | &nbsp;&nbsp; 3816105 |
| Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  |
| 02/15/2056 | &nbsp;&nbsp; 6.200% | 3775000 | &nbsp;&nbsp; 3761765 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 3249000 | &nbsp;&nbsp; 3291240 |
| 03/01/2029 | &nbsp;&nbsp; 5.100% | 2196000 | &nbsp;&nbsp; 2251943 |
| 04/01/2030 | &nbsp;&nbsp; 5.200% | 1224000 | &nbsp;&nbsp; 1261875 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| 04/15/2031 | &nbsp;&nbsp; 2.550% | 256000 | &nbsp;&nbsp; 233544 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 09/01/2026 | &nbsp;&nbsp; 2.650% | 4710000 | &nbsp;&nbsp; 4641137 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| 12/15/2031 | &nbsp;&nbsp; 2.400% | 858000 | &nbsp;&nbsp; 768350 |
| 11/15/2033 | &nbsp;&nbsp; 5.875% | 1045000 | &nbsp;&nbsp; 1120044 |
| Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC |
| 10/01/2049 | &nbsp;&nbsp; 3.250% | 500000 | &nbsp;&nbsp; 339092 |
| Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. |
| 06/01/2030 | &nbsp;&nbsp; 2.125% | 298000 | &nbsp;&nbsp; 270977 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC |
| 03/30/2044 | &nbsp;&nbsp; 4.375% |  | 770000 | &nbsp;&nbsp; 651400 |
| 09/15/2047 | &nbsp;&nbsp; 3.600% |  | 940000 | &nbsp;&nbsp; 690585 |
| 03/15/2055 | &nbsp;&nbsp; 5.550% |  | 1081000 | &nbsp;&nbsp; 1050337 |
| Duquesne Light Holdings, Inc.<sup>(a)</sup>  | Duquesne Light Holdings, Inc.<sup>(a)</sup>  | Duquesne Light Holdings, Inc.<sup>(a)</sup>  | Duquesne Light Holdings, Inc.<sup>(a)</sup>  | Duquesne Light Holdings, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 2.532% |  | 320000 | &nbsp;&nbsp; 285988 |
| Enel Finance International NV<sup>(a)</sup>  | Enel Finance International NV<sup>(a)</sup>  | Enel Finance International NV<sup>(a)</sup>  | Enel Finance International NV<sup>(a)</sup>  | Enel Finance International NV<sup>(a)</sup>  |
| 02/20/2043 | &nbsp;&nbsp; 4.500% | EUR | 885000 | &nbsp;&nbsp; 1039193 |
| Entergy Corp. | Entergy Corp. | Entergy Corp. | Entergy Corp. | Entergy Corp. |
| 09/15/2025 | &nbsp;&nbsp; 0.900% |  | 2780000 | &nbsp;&nbsp; 2775062 |
| 06/15/2030 | &nbsp;&nbsp; 2.800% |  | 241000 | &nbsp;&nbsp; 224249 |
| 06/15/2031 | &nbsp;&nbsp; 2.400% |  | 523000 | &nbsp;&nbsp; 466296 |
| Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC |
| 10/01/2026 | &nbsp;&nbsp; 2.400% |  | 1978000 | &nbsp;&nbsp; 1940673 |
| Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. |
| 03/30/2029 | &nbsp;&nbsp; 4.000% |  | 252000 | &nbsp;&nbsp; 250487 |
| Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  |
| 09/05/2031 | &nbsp;&nbsp; 3.279% | EUR | 400000 | &nbsp;&nbsp; 469336 |
| 04/21/2033 | &nbsp;&nbsp; 0.741% | EUR | 1600000 | &nbsp;&nbsp; 1523765 |
| Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.250% |  | 578000 | &nbsp;&nbsp; 584376 |
| Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. |
| 06/01/2030 | &nbsp;&nbsp; 2.250% |  | 395000 | &nbsp;&nbsp; 361252 |
| Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  |
| 06/01/2034 | &nbsp;&nbsp; 5.650% |  | 5200000 | &nbsp;&nbsp; 5310986 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 08/15/2026 | &nbsp;&nbsp; 1.400% |  | 618000 | &nbsp;&nbsp; 601126 |
| 03/01/2027 | &nbsp;&nbsp; 2.900% |  | 1096000 | &nbsp;&nbsp; 1076225 |
| 07/01/2027 | &nbsp;&nbsp; 4.600% |  | 2675000 | &nbsp;&nbsp; 2690632 |
| 03/01/2028 | &nbsp;&nbsp; 5.450% |  | 841000 | &nbsp;&nbsp; 864540 |
| 02/01/2029 | &nbsp;&nbsp; 5.950% |  | 817000 | &nbsp;&nbsp; 857137 |
| 03/15/2031 | &nbsp;&nbsp; 2.550% |  | 2213000 | &nbsp;&nbsp; 1994213 |
| 05/15/2033 | &nbsp;&nbsp; 5.125% |  | 385000 | &nbsp;&nbsp; 386548 |
| 01/01/2034 | &nbsp;&nbsp; 5.500% |  | 494000 | &nbsp;&nbsp; 505142 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 03/15/2028 | &nbsp;&nbsp; 5.150% |  | 1353000 | &nbsp;&nbsp; 1383986 |
| 03/15/2029 | &nbsp;&nbsp; 5.150% |  | 590000 | &nbsp;&nbsp; 606985 |
| 04/15/2046 | &nbsp;&nbsp; 4.450% |  | 575000 | &nbsp;&nbsp; 477451 |
| FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 3.900% |  | 1190000 | &nbsp;&nbsp; 1181663 |
| FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 2.866% |  | 3224000 | &nbsp;&nbsp; 3097529 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| 05/15/2030 | &nbsp;&nbsp; 4.625% |  | 468000 | &nbsp;&nbsp; 476605 |
| 06/15/2034 | &nbsp;&nbsp; 5.300% |  | 667000 | &nbsp;&nbsp; 689889 |
| Georgia Power Co. | Georgia Power Co. | Georgia Power Co. | Georgia Power Co. | Georgia Power Co. |
| 05/16/2028 | &nbsp;&nbsp; 4.650% |  | 472000 | &nbsp;&nbsp; 479124 |
| Gulf Power Co. | Gulf Power Co. | Gulf Power Co. | Gulf Power Co. | Gulf Power Co. |
| 10/01/2044 | &nbsp;&nbsp; 4.550% |  | 1350000 | &nbsp;&nbsp; 1148886 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Interstate Power and Light Co. | Interstate Power and Light Co. | Interstate Power and Light Co. | Interstate Power and Light Co. |
| 10/15/2033 | &nbsp;&nbsp; 5.700% | 2765000 | &nbsp;&nbsp; 2872109 |
| IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 4.250% | 1099000 | &nbsp;&nbsp; 1073711 |
| Jersey Central Power & Light Co.<sup>(a)</sup>  | Jersey Central Power & Light Co.<sup>(a)</sup>  | Jersey Central Power & Light Co.<sup>(a)</sup>  | Jersey Central Power & Light Co.<sup>(a)</sup>  |
| 01/15/2026 | &nbsp;&nbsp; 4.300% | 2000000 | &nbsp;&nbsp; 1997139 |
| 03/01/2032 | &nbsp;&nbsp; 2.750% | 176000 | &nbsp;&nbsp; 156157 |
| Jersey Central Power & Light Co. | Jersey Central Power & Light Co. | Jersey Central Power & Light Co. | Jersey Central Power & Light Co. |
| 06/01/2037 | &nbsp;&nbsp; 6.150% | 1985000 | &nbsp;&nbsp; 2137439 |
| Kentucky Utilities Co. | Kentucky Utilities Co. | Kentucky Utilities Co. | Kentucky Utilities Co. |
| 04/15/2033 | &nbsp;&nbsp; 5.450% | 270000 | &nbsp;&nbsp; 280470 |
| 08/15/2055 | &nbsp;&nbsp; 5.850% | 1755000 | &nbsp;&nbsp; 1742132 |
| Liberty Utilities Co.<sup>(a)</sup>  | Liberty Utilities Co.<sup>(a)</sup>  | Liberty Utilities Co.<sup>(a)</sup>  | Liberty Utilities Co.<sup>(a)</sup>  |
| 01/31/2029 | &nbsp;&nbsp; 5.577% | 1050000 | &nbsp;&nbsp; 1084327 |
| 01/31/2034 | &nbsp;&nbsp; 5.869% | 1188000 | &nbsp;&nbsp; 1218529 |
| Lightning Power LLC<sup>(a)</sup>  | Lightning Power LLC<sup>(a)</sup>  | Lightning Power LLC<sup>(a)</sup>  | Lightning Power LLC<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 7.250% | 990000 | &nbsp;&nbsp; 1050618 |
| Louisville Gas and Electric Co. | Louisville Gas and Electric Co. | Louisville Gas and Electric Co. | Louisville Gas and Electric Co. |
| 04/15/2033 | &nbsp;&nbsp; 5.450% | 270000 | &nbsp;&nbsp; 280884 |
| 08/15/2055 | &nbsp;&nbsp; 5.850% | 2585000 | &nbsp;&nbsp; 2566590 |
| Metropolitan Edison Co.<sup>(a)</sup>  | Metropolitan Edison Co.<sup>(a)</sup>  | Metropolitan Edison Co.<sup>(a)</sup>  | Metropolitan Edison Co.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.300% | 1396000 | &nbsp;&nbsp; 1395000 |
| Monongahela Power Co.<sup>(a)</sup>  | Monongahela Power Co.<sup>(a)</sup>  | Monongahela Power Co.<sup>(a)</sup>  | Monongahela Power Co.<sup>(a)</sup>  |
| 05/15/2027 | &nbsp;&nbsp; 3.550% | 506000 | &nbsp;&nbsp; 500572 |
| 02/15/2034 | &nbsp;&nbsp; 5.850% | 651000 | &nbsp;&nbsp; 684725 |
| Narragansett Electric Co. (The)<sup>(a)</sup>  | Narragansett Electric Co. (The)<sup>(a)</sup>  | Narragansett Electric Co. (The)<sup>(a)</sup>  | Narragansett Electric Co. (The)<sup>(a)</sup>  |
| 04/09/2030 | &nbsp;&nbsp; 3.395% | 2077000 | &nbsp;&nbsp; 1997174 |
| National Grid PLC | National Grid PLC | National Grid PLC | National Grid PLC |
| 01/11/2034 | &nbsp;&nbsp; 5.418% | 999000 | &nbsp;&nbsp; 1027375 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| 03/15/2030 | &nbsp;&nbsp; 2.400% | 931000 | &nbsp;&nbsp; 864035 |
| 06/15/2031 | &nbsp;&nbsp; 1.650% | 626000 | &nbsp;&nbsp; 538451 |
| 04/15/2032 | &nbsp;&nbsp; 2.750% | 645000 | &nbsp;&nbsp; 579771 |
| 12/15/2032 | &nbsp;&nbsp; 4.150% | 170000 | &nbsp;&nbsp; 165014 |
| 01/15/2033 | &nbsp;&nbsp; 5.800% | 110000 | &nbsp;&nbsp; 117325 |
| 08/15/2034 | &nbsp;&nbsp; 5.000% | 977000 | &nbsp;&nbsp; 986020 |
| National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup>  |
| 3-month Term SOFR + 3.172% <br>04/30/2043<br>| &nbsp;&nbsp; 7.482% | 941000 | &nbsp;&nbsp; 938364 |
| National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 04/20/2046 | &nbsp;&nbsp; 5.250% | 1384000 | &nbsp;&nbsp; 1380766 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 1.875% | 948000 | &nbsp;&nbsp; 918936 |
| 09/01/2027 | &nbsp;&nbsp; 4.685% | 3180000 | &nbsp;&nbsp; 3210024 |
| 03/15/2032 | &nbsp;&nbsp; 5.300% | 966000 | &nbsp;&nbsp; 999814 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 6.375% | 945000 | &nbsp;&nbsp; 976327 |
| 08/15/2055 | &nbsp;&nbsp; 6.500% | 990000 | &nbsp;&nbsp; 1037987 |
| 03/15/2082 | &nbsp;&nbsp; 3.800% | 1229000 | &nbsp;&nbsp; 1188283 |
| Niagara Energy SAC<sup>(a)</sup>  | Niagara Energy SAC<sup>(a)</sup>  | Niagara Energy SAC<sup>(a)</sup>  | Niagara Energy SAC<sup>(a)</sup>  |
| 10/03/2034 | &nbsp;&nbsp; 5.746% | 675000 | &nbsp;&nbsp; 681819 |
| Niagara Mohawk Power Corp.<sup>(a)</sup>  | Niagara Mohawk Power Corp.<sup>(a)</sup>  | Niagara Mohawk Power Corp.<sup>(a)</sup>  | Niagara Mohawk Power Corp.<sup>(a)</sup>  |
| 06/27/2030 | &nbsp;&nbsp; 1.960% | 978000 | &nbsp;&nbsp; 875116 |
| 01/17/2054 | &nbsp;&nbsp; 5.664% | 144000 | &nbsp;&nbsp; 137717 |
| NorthWestern Corp.<sup>(a)</sup>  | NorthWestern Corp.<sup>(a)</sup>  | NorthWestern Corp.<sup>(a)</sup>  | NorthWestern Corp.<sup>(a)</sup>  |
| 03/21/2030 | &nbsp;&nbsp; 5.073% | 2465000 | &nbsp;&nbsp; 2525343 |
| NRG Energy, Inc.<sup>(a),(m),(n)</sup>  | NRG Energy, Inc.<sup>(a),(m),(n)</sup>  | NRG Energy, Inc.<sup>(a),(m),(n)</sup>  | NRG Energy, Inc.<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 10.250% | 600000 | &nbsp;&nbsp; 661195 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 12/02/2025 | &nbsp;&nbsp; 2.000% | 560000 | &nbsp;&nbsp; 554837 |
| 12/02/2027 | &nbsp;&nbsp; 2.450% | 2420000 | &nbsp;&nbsp; 2313221 |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 542000 | &nbsp;&nbsp; 513999 |
| 02/15/2032 | &nbsp;&nbsp; 3.875% | 1125000 | &nbsp;&nbsp; 1035267 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 710000 | &nbsp;&nbsp; 720270 |
| NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. |
| 03/01/2030 | &nbsp;&nbsp; 4.850% | 1755000 | &nbsp;&nbsp; 1798220 |
| 08/15/2031 | &nbsp;&nbsp; 1.950% | 342000 | &nbsp;&nbsp; 299999 |
| 06/01/2034 | &nbsp;&nbsp; 5.400% | 295000 | &nbsp;&nbsp; 304979 |
| OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. |
| 05/15/2029 | &nbsp;&nbsp; 5.450% | 347000 | &nbsp;&nbsp; 360464 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 06/04/2028 | &nbsp;&nbsp; 5.000% | 1405000 | &nbsp;&nbsp; 1426139 |
| 07/01/2030 | &nbsp;&nbsp; 4.550% | 2723000 | &nbsp;&nbsp; 2696950 |
| 06/01/2031 | &nbsp;&nbsp; 3.250% | 2840000 | &nbsp;&nbsp; 2604370 |
| 07/01/2040 | &nbsp;&nbsp; 4.500% | 5850000 | &nbsp;&nbsp; 4986762 |
| 04/15/2042 | &nbsp;&nbsp; 4.450% | 169000 | &nbsp;&nbsp; 134939 |
| 03/15/2045 | &nbsp;&nbsp; 4.300% | 284000 | &nbsp;&nbsp; 218263 |
| 07/01/2050 | &nbsp;&nbsp; 4.950% | 545000 | &nbsp;&nbsp; 451013 |
| 03/01/2055 | &nbsp;&nbsp; 6.150% | 4195000 | &nbsp;&nbsp; 4058448 |
| PacifiCorp | PacifiCorp | PacifiCorp | PacifiCorp |
| 03/15/2051 | &nbsp;&nbsp; 3.300% | 680000 | &nbsp;&nbsp; 433568 |
| PECO Energy Co. | PECO Energy Co. | PECO Energy Co. | PECO Energy Co. |
| 05/15/2052 | &nbsp;&nbsp; 4.600% | 2500000 | &nbsp;&nbsp; 2145094 |
| Pennsylvania Electric Co.<sup>(a)</sup>  | Pennsylvania Electric Co.<sup>(a)</sup>  | Pennsylvania Electric Co.<sup>(a)</sup>  | Pennsylvania Electric Co.<sup>(a)</sup>  |
| 03/30/2026 | &nbsp;&nbsp; 5.150% | 725000 | &nbsp;&nbsp; 727457 |
| 03/15/2028 | &nbsp;&nbsp; 3.250% | 1990000 | &nbsp;&nbsp; 1940636 |
| PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 1100000 | &nbsp;&nbsp; 1091245 |
| PSEG Power LLC<sup>(a)</sup>  | PSEG Power LLC<sup>(a)</sup>  | PSEG Power LLC<sup>(a)</sup>  | PSEG Power LLC<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 5.200% | 1192000 | &nbsp;&nbsp; 1225267 |
| 05/15/2035 | &nbsp;&nbsp; 5.750% | 1419000 | &nbsp;&nbsp; 1468834 |
| Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado |
| 04/01/2053 | &nbsp;&nbsp; 5.250% | 2815000 | &nbsp;&nbsp; 2566854 |
| 05/15/2055 | &nbsp;&nbsp; 5.850% | 3205000 | &nbsp;&nbsp; 3158438 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Public Service Co. of New Hampshire | Public Service Co. of New Hampshire | Public Service Co. of New Hampshire | Public Service Co. of New Hampshire | Public Service Co. of New Hampshire |
| 07/01/2028 | &nbsp;&nbsp; 4.400% |  | 2665000 | &nbsp;&nbsp; 2691848 |
| Public Service Co. of Oklahoma | Public Service Co. of Oklahoma | Public Service Co. of Oklahoma | Public Service Co. of Oklahoma | Public Service Co. of Oklahoma |
| 01/15/2035 | &nbsp;&nbsp; 5.200% |  | 4035000 | &nbsp;&nbsp; 4046296 |
| Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. |
| 03/01/2034 | &nbsp;&nbsp; 5.200% |  | 501000 | &nbsp;&nbsp; 514381 |
| Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.850% |  | 735000 | &nbsp;&nbsp; 761077 |
| 04/01/2029 | &nbsp;&nbsp; 5.200% |  | 1219000 | &nbsp;&nbsp; 1257649 |
| 03/15/2030 | &nbsp;&nbsp; 4.900% |  | 814000 | &nbsp;&nbsp; 831779 |
| 08/15/2030 | &nbsp;&nbsp; 1.600% |  | 322000 | &nbsp;&nbsp; 281033 |
| 11/15/2031 | &nbsp;&nbsp; 2.450% |  | 964000 | &nbsp;&nbsp; 854654 |
| 03/15/2035 | &nbsp;&nbsp; 5.400% |  | 352000 | &nbsp;&nbsp; 359011 |
| Scottish Hydro Electric Transmission PLC<sup>(a)</sup>  | Scottish Hydro Electric Transmission PLC<sup>(a)</sup>  | Scottish Hydro Electric Transmission PLC<sup>(a)</sup>  | Scottish Hydro Electric Transmission PLC<sup>(a)</sup>  | Scottish Hydro Electric Transmission PLC<sup>(a)</sup>  |
| 09/04/2032 | &nbsp;&nbsp; 3.375% | EUR | 640000 | &nbsp;&nbsp; 749880 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 03/01/2028 | &nbsp;&nbsp; 5.300% |  | 3740000 | &nbsp;&nbsp; 3821635 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 07/01/2036 | &nbsp;&nbsp; 4.250% |  | 595000 | &nbsp;&nbsp; 547548 |
| Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  |
| 09/15/2051 | &nbsp;&nbsp; 3.750% |  | 921000 | &nbsp;&nbsp; 908197 |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 08/01/2027 | &nbsp;&nbsp; 5.113% |  | 765000 | &nbsp;&nbsp; 779887 |
| Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. |
| 03/15/2026 | &nbsp;&nbsp; 1.650% |  | 900000 | &nbsp;&nbsp; 886613 |
| 10/01/2026 | &nbsp;&nbsp; 2.750% |  | 6450000 | &nbsp;&nbsp; 6339776 |
| 04/01/2033 | &nbsp;&nbsp; 5.300% |  | 384000 | &nbsp;&nbsp; 389603 |
| Southwestern Public Service Co. | Southwestern Public Service Co. | Southwestern Public Service Co. | Southwestern Public Service Co. | Southwestern Public Service Co. |
| 05/15/2035 | &nbsp;&nbsp; 5.300% |  | 3268000 | &nbsp;&nbsp; 3297106 |
| 06/01/2054 | &nbsp;&nbsp; 6.000% |  | 165000 | &nbsp;&nbsp; 165273 |
| Toledo Edison Co. (The) | Toledo Edison Co. (The) | Toledo Edison Co. (The) | Toledo Edison Co. (The) | Toledo Edison Co. (The) |
| 05/15/2037 | &nbsp;&nbsp; 6.150% |  | 951000 | &nbsp;&nbsp; 1030247 |
| Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. |
| 09/15/2034 | &nbsp;&nbsp; 5.200% |  | 1002000 | &nbsp;&nbsp; 1011035 |
| 06/15/2050 | &nbsp;&nbsp; 4.000% |  | 2690000 | &nbsp;&nbsp; 2012359 |
| Virginia Electric & Power Co. | Virginia Electric & Power Co. | Virginia Electric & Power Co. | Virginia Electric & Power Co. | Virginia Electric & Power Co. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% |  | 1187000 | &nbsp;&nbsp; 1177704 |
| Vistra Corp.<sup>(a),(m),(n)</sup>  | Vistra Corp.<sup>(a),(m),(n)</sup>  | Vistra Corp.<sup>(a),(m),(n)</sup>  | Vistra Corp.<sup>(a),(m),(n)</sup>  | Vistra Corp.<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.000% |  | 2150000 | &nbsp;&nbsp; 2179521 |
|  | &nbsp;&nbsp; 8.000% |  | 4650000 | &nbsp;&nbsp; 4758631 |
|  | &nbsp;&nbsp; 8.875% |  | 1650000 | &nbsp;&nbsp; 1798912 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 5.625% |  | 2075000 | &nbsp;&nbsp; 2074339 |
| 07/31/2027 | &nbsp;&nbsp; 5.000% |  | 2000000 | &nbsp;&nbsp; 1995609 |
| 05/01/2029 | &nbsp;&nbsp; 4.375% |  | 1070000 | &nbsp;&nbsp; 1046452 |
| Vistra Operations Co., LLC<sup>(a)</sup>  | Vistra Operations Co., LLC<sup>(a)</sup>  | Vistra Operations Co., LLC<sup>(a)</sup>  | Vistra Operations Co., LLC<sup>(a)</sup>  | Vistra Operations Co., LLC<sup>(a)</sup>  |
| 01/30/2027 | &nbsp;&nbsp; 3.700% |  | 885000 | &nbsp;&nbsp; 876469 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. |
| 09/27/2025 | &nbsp;&nbsp; 5.000% | 249000 | &nbsp;&nbsp; 249011 |
| 10/01/2027 | &nbsp;&nbsp; 5.150% | 350000 | &nbsp;&nbsp; 356564 |
| 10/15/2027 | &nbsp;&nbsp; 1.375% | 898000 | &nbsp;&nbsp; 850279 |
| 12/15/2028 | &nbsp;&nbsp; 2.200% | 540000 | &nbsp;&nbsp; 507567 |
| Wisconsin Electric Power Co. | Wisconsin Electric Power Co. | Wisconsin Electric Power Co. | Wisconsin Electric Power Co. |
| 06/15/2028 | &nbsp;&nbsp; 1.700% | 558000 | &nbsp;&nbsp; 525490 |
| Wisconsin Power and Light Co. | Wisconsin Power and Light Co. | Wisconsin Power and Light Co. | Wisconsin Power and Light Co. |
| 03/30/2034 | &nbsp;&nbsp; 5.375% | 4367000 | &nbsp;&nbsp; 4509120 |
| Wisconsin Public Service Corp. | Wisconsin Public Service Corp. | Wisconsin Public Service Corp. | Wisconsin Public Service Corp. |
| 12/01/2029 | &nbsp;&nbsp; 4.550% | 1655000 | &nbsp;&nbsp; 1684202 |
| Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. |
| 03/21/2028 | &nbsp;&nbsp; 4.750% | 1165000 | &nbsp;&nbsp; 1179109 |
| 04/15/2035 | &nbsp;&nbsp; 5.600% | 993000 | &nbsp;&nbsp; 1015816 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **268658030** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 710000 | &nbsp;&nbsp; 741923 |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 1040000 | &nbsp;&nbsp; 1087026 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1828949** |
| **Finance Companies 0.8%** | **Finance Companies 0.8%** | **Finance Companies 0.8%** | **Finance Companies 0.8%** |
| AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust |
| 10/01/2025 | &nbsp;&nbsp; 4.450% | 1889000 | &nbsp;&nbsp; 1888420 |
| 10/29/2026 | &nbsp;&nbsp; 2.450% | 445000 | &nbsp;&nbsp; 435789 |
| 10/29/2028 | &nbsp;&nbsp; 3.000% | 5655000 | &nbsp;&nbsp; 5439333 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 01/15/2026 | &nbsp;&nbsp; 2.875% | 2075000 | &nbsp;&nbsp; 2061328 |
| 12/01/2027 | &nbsp;&nbsp; 3.625% | 465000 | &nbsp;&nbsp; 459240 |
| 07/15/2031 | &nbsp;&nbsp; 5.200% | 927000 | &nbsp;&nbsp; 953381 |
| Aircastle Ltd.<sup>(a)</sup>  | Aircastle Ltd.<sup>(a)</sup>  | Aircastle Ltd.<sup>(a)</sup>  | Aircastle Ltd.<sup>(a)</sup>  |
| 01/26/2028 | &nbsp;&nbsp; 2.850% | 3335000 | &nbsp;&nbsp; 3207118 |
| 07/18/2028 | &nbsp;&nbsp; 6.500% | 1725000 | &nbsp;&nbsp; 1812945 |
| Apollo Debt Solutions BDC<sup>(a)</sup>  | Apollo Debt Solutions BDC<sup>(a)</sup>  | Apollo Debt Solutions BDC<sup>(a)</sup>  | Apollo Debt Solutions BDC<sup>(a)</sup>  |
| 08/30/2030 | &nbsp;&nbsp; 5.875% | 1610000 | &nbsp;&nbsp; 1633926 |
| 03/15/2032 | &nbsp;&nbsp; 6.550% | 1765000 | &nbsp;&nbsp; 1836250 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| 03/08/2032 | &nbsp;&nbsp; 5.800% | 2830000 | &nbsp;&nbsp; 2871372 |
| Ares Strategic Income Fund | Ares Strategic Income Fund | Ares Strategic Income Fund | Ares Strategic Income Fund |
| 03/15/2028 | &nbsp;&nbsp; 5.700% | 2810000 | &nbsp;&nbsp; 2849144 |
| Aviation Capital Group LLC<sup>(a)</sup>  | Aviation Capital Group LLC<sup>(a)</sup>  | Aviation Capital Group LLC<sup>(a)</sup>  | Aviation Capital Group LLC<sup>(a)</sup>  |
| 04/10/2030 | &nbsp;&nbsp; 5.125% | 2885000 | &nbsp;&nbsp; 2930113 |
| Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  |
| 11/18/2027 | &nbsp;&nbsp; 2.528% | 2283000 | &nbsp;&nbsp; 2189238 |
| 01/15/2028 | &nbsp;&nbsp; 4.950% | 4950000 | &nbsp;&nbsp; 4999779 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. |
| 10/13/2026 | &nbsp;&nbsp; 2.550% | 2935000 | &nbsp;&nbsp; 2860791 |
| 03/15/2030 | &nbsp;&nbsp; 5.950% | 1030000 | &nbsp;&nbsp; 1034047 |
| Blue Owl Capital Corp II | Blue Owl Capital Corp II | Blue Owl Capital Corp II | Blue Owl Capital Corp II |
| 11/15/2026 | &nbsp;&nbsp; 8.450% | 1805000 | &nbsp;&nbsp; 1870796 |
| Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. |
| 06/13/2028 | &nbsp;&nbsp; 7.950% | 1160000 | &nbsp;&nbsp; 1241649 |
| 09/15/2029 | &nbsp;&nbsp; 6.600% | 1410000 | &nbsp;&nbsp; 1465424 |
| Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II |
| 04/04/2029 | &nbsp;&nbsp; 6.750% | 3005000 | &nbsp;&nbsp; 3110771 |
| Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup>  |
| 06/15/2032 | &nbsp;&nbsp; 7.000% | 1005000 | &nbsp;&nbsp; 1048346 |
| Freedom Mortgage Corp.<sup>(a)</sup>  | Freedom Mortgage Corp.<sup>(a)</sup>  | Freedom Mortgage Corp.<sup>(a)</sup>  | Freedom Mortgage Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 12.000% | 450000 | &nbsp;&nbsp; 480932 |
| Freedom Mortgage Holdings LLC<sup>(a)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 9.125% | 1005000 | &nbsp;&nbsp; 1055575 |
| 04/01/2032 | &nbsp;&nbsp; 8.375% | 740000 | &nbsp;&nbsp; 764322 |
| FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. |
| 01/15/2029 | &nbsp;&nbsp; 7.875% | 2310000 | &nbsp;&nbsp; 2421679 |
| 01/15/2030 | &nbsp;&nbsp; 6.125% | 1540000 | &nbsp;&nbsp; 1529630 |
| GATX Corp. | GATX Corp. | GATX Corp. | GATX Corp. |
| 03/15/2027 | &nbsp;&nbsp; 5.400% | 1715000 | &nbsp;&nbsp; 1740579 |
| 06/30/2030 | &nbsp;&nbsp; 4.000% | 559000 | &nbsp;&nbsp; 548808 |
| 06/05/2054 | &nbsp;&nbsp; 6.050% | 261000 | &nbsp;&nbsp; 261563 |
| Golub Capital BDC, Inc. | Golub Capital BDC, Inc. | Golub Capital BDC, Inc. | Golub Capital BDC, Inc. |
| 08/24/2026 | &nbsp;&nbsp; 2.500% | 4100000 | &nbsp;&nbsp; 4014099 |
| 07/15/2029 | &nbsp;&nbsp; 6.000% | 310000 | &nbsp;&nbsp; 317333 |
| Golub Capital Private Credit Fund<sup>(a)</sup>  | Golub Capital Private Credit Fund<sup>(a)</sup>  | Golub Capital Private Credit Fund<sup>(a)</sup>  | Golub Capital Private Credit Fund<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 5.450% | 875000 | &nbsp;&nbsp; 878320 |
| Hercules Capital, Inc. | Hercules Capital, Inc. | Hercules Capital, Inc. | Hercules Capital, Inc. |
| 01/20/2027 | &nbsp;&nbsp; 3.375% | 3675000 | &nbsp;&nbsp; 3590049 |
| 06/16/2030 | &nbsp;&nbsp; 6.000% | 805000 | &nbsp;&nbsp; 816934 |
| HPS Corporate Lending Fund | HPS Corporate Lending Fund | HPS Corporate Lending Fund | HPS Corporate Lending Fund |
| 01/14/2028 | &nbsp;&nbsp; 5.450% | 4195000 | &nbsp;&nbsp; 4233444 |
| 09/30/2029 | &nbsp;&nbsp; 6.250% | 50000 | &nbsp;&nbsp; 51720 |
| Macquarie Airfinance Holdings Ltd.<sup>(a)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(a)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(a)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(a)</sup>  |
| 03/27/2028 | &nbsp;&nbsp; 5.200% | 2790000 | &nbsp;&nbsp; 2834152 |
| Main Street Capital Corp. | Main Street Capital Corp. | Main Street Capital Corp. | Main Street Capital Corp. |
| 07/14/2026 | &nbsp;&nbsp; 3.000% | 1795000 | &nbsp;&nbsp; 1766780 |
| 06/04/2027 | &nbsp;&nbsp; 6.500% | 2330000 | &nbsp;&nbsp; 2382062 |
| 08/15/2028 | &nbsp;&nbsp; 5.400% | 1500000 | &nbsp;&nbsp; 1506551 |
| Midcap Financial Issuer Trust<sup>(a)</sup>  | Midcap Financial Issuer Trust<sup>(a)</sup>  | Midcap Financial Issuer Trust<sup>(a)</sup>  | Midcap Financial Issuer Trust<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 6.500% | 720000 | &nbsp;&nbsp; 717943 |
| Mitsubishi HC Finance America LLC<sup>(a)</sup>  | Mitsubishi HC Finance America LLC<sup>(a)</sup>  | Mitsubishi HC Finance America LLC<sup>(a)</sup>  | Mitsubishi HC Finance America LLC<sup>(a)</sup>  |
| 10/24/2029 | &nbsp;&nbsp; 5.150% | 5560000 | &nbsp;&nbsp; 5690888 |
| Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund |
| 05/19/2030 | &nbsp;&nbsp; 6.000% | 1795000 | &nbsp;&nbsp; 1834756 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Nationstar Mortgage Holdings Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 5.500% |  | 1050000 | &nbsp;&nbsp; 1048695 |
| Nationstar Mortgage Holdings, Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings, Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings, Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings, Inc.<sup>(a)</sup>  | Nationstar Mortgage Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% |  | 1315000 | &nbsp;&nbsp; 1346670 |
| 12/15/2030 | &nbsp;&nbsp; 5.125% |  | 800000 | &nbsp;&nbsp; 808951 |
| 11/15/2031 | &nbsp;&nbsp; 5.750% |  | 1300000 | &nbsp;&nbsp; 1314174 |
| New Mountain Finance Corp. | New Mountain Finance Corp. | New Mountain Finance Corp. | New Mountain Finance Corp. | New Mountain Finance Corp. |
| 10/15/2027 | &nbsp;&nbsp; 6.200% |  | 1490000 | &nbsp;&nbsp; 1515342 |
| 02/01/2029 | &nbsp;&nbsp; 6.875% |  | 1265000 | &nbsp;&nbsp; 1298519 |
| Oaktree Strategic Credit Fund<sup>(a)</sup>  | Oaktree Strategic Credit Fund<sup>(a)</sup>  | Oaktree Strategic Credit Fund<sup>(a)</sup>  | Oaktree Strategic Credit Fund<sup>(a)</sup>  | Oaktree Strategic Credit Fund<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 6.190% |  | 875000 | &nbsp;&nbsp; 888982 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% |  | 2345000 | &nbsp;&nbsp; 2414060 |
| Owl Rock Technology Finance Corp.<sup>(a)</sup>  | Owl Rock Technology Finance Corp.<sup>(a)</sup>  | Owl Rock Technology Finance Corp.<sup>(a)</sup>  | Owl Rock Technology Finance Corp.<sup>(a)</sup>  | Owl Rock Technology Finance Corp.<sup>(a)</sup>  |
| 12/15/2025 | &nbsp;&nbsp; 4.750% |  | 1280000 | &nbsp;&nbsp; 1275693 |
| PennyMac Financial Services, Inc.<sup>(a)</sup>  | PennyMac Financial Services, Inc.<sup>(a)</sup>  | PennyMac Financial Services, Inc.<sup>(a)</sup>  | PennyMac Financial Services, Inc.<sup>(a)</sup>  | PennyMac Financial Services, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 4.250% |  | 1900000 | &nbsp;&nbsp; 1831698 |
| 09/15/2031 | &nbsp;&nbsp; 5.750% |  | 1825000 | &nbsp;&nbsp; 1789689 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% |  | 800000 | &nbsp;&nbsp; 823246 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% |  | 1075000 | &nbsp;&nbsp; 1115554 |
| Sixth Street Lending Partners | Sixth Street Lending Partners | Sixth Street Lending Partners | Sixth Street Lending Partners | Sixth Street Lending Partners |
| 03/11/2029 | &nbsp;&nbsp; 6.500% |  | 2985000 | &nbsp;&nbsp; 3101289 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **108209881** |
| **Food and Beverage 0.6%** | **Food and Beverage 0.6%** | **Food and Beverage 0.6%** | **Food and Beverage 0.6%** | **Food and Beverage 0.6%** |
| Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. |
| 02/01/2046 | &nbsp;&nbsp; 4.900% |  | 6328000 | &nbsp;&nbsp; 5776356 |
| Anheuser-Busch InBev SA<sup>(a)</sup>  | Anheuser-Busch InBev SA<sup>(a)</sup>  | Anheuser-Busch InBev SA<sup>(a)</sup>  | Anheuser-Busch InBev SA<sup>(a)</sup>  | Anheuser-Busch InBev SA<sup>(a)</sup>  |
| 03/22/2044 | &nbsp;&nbsp; 3.950% | EUR | 2420000 | &nbsp;&nbsp; 2699481 |
| Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. |
| 04/15/2038 | &nbsp;&nbsp; 4.375% |  | 532000 | &nbsp;&nbsp; 500227 |
| B&G Foods, Inc. | B&G Foods, Inc. | B&G Foods, Inc. | B&G Foods, Inc. | B&G Foods, Inc. |
| 09/15/2027 | &nbsp;&nbsp; 5.250% |  | 1850000 | &nbsp;&nbsp; 1769091 |
| B&G Foods, Inc.<sup>(a)</sup>  | B&G Foods, Inc.<sup>(a)</sup>  | B&G Foods, Inc.<sup>(a)</sup>  | B&G Foods, Inc.<sup>(a)</sup>  | B&G Foods, Inc.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 8.000% |  | 1725000 | &nbsp;&nbsp; 1696681 |
| Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 5.550% |  | 3970000 | &nbsp;&nbsp; 4112577 |
| Bunge Ltd. Finance Corp. | Bunge Ltd. Finance Corp. | Bunge Ltd. Finance Corp. | Bunge Ltd. Finance Corp. | Bunge Ltd. Finance Corp. |
| 09/17/2029 | &nbsp;&nbsp; 4.200% |  | 457000 | &nbsp;&nbsp; 454894 |
| Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. |
| 03/21/2029 | &nbsp;&nbsp; 5.200% |  | 967000 | &nbsp;&nbsp; 992908 |
| Cargill, Inc.<sup>(a)</sup>  | Cargill, Inc.<sup>(a)</sup>  | Cargill, Inc.<sup>(a)</sup>  | Cargill, Inc.<sup>(a)</sup>  | Cargill, Inc.<sup>(a)</sup>  |
| 04/23/2030 | &nbsp;&nbsp; 2.125% |  | 519000 | &nbsp;&nbsp; 475907 |
| 02/02/2031 | &nbsp;&nbsp; 1.700% |  | 571000 | &nbsp;&nbsp; 501625 |
| 02/11/2035 | &nbsp;&nbsp; 5.125% |  | 472000 | &nbsp;&nbsp; 481268 |
| Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 5.250% |  | 971000 | &nbsp;&nbsp; 1002372 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fiesta Purchaser, Inc.<sup>(a)</sup>  | Fiesta Purchaser, Inc.<sup>(a)</sup>  | Fiesta Purchaser, Inc.<sup>(a)</sup>  | Fiesta Purchaser, Inc.<sup>(a)</sup>  | Fiesta Purchaser, Inc.<sup>(a)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 7.875% |  | 640000 | &nbsp;&nbsp; 680984 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2030 | &nbsp;&nbsp; 4.875% |  | 2545000 | &nbsp;&nbsp; 2601655 |
| Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) |
| 02/24/2032 | &nbsp;&nbsp; 4.950% |  | 2189000 | &nbsp;&nbsp; 2250081 |
| JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. |
| 04/01/2033 | &nbsp;&nbsp; 5.750% |  | 2810000 | &nbsp;&nbsp; 2907733 |
| JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl |
| 03/15/2034 | &nbsp;&nbsp; 6.750% |  | 2364000 | &nbsp;&nbsp; 2593267 |
| JBS USA Holding Lux Sarl/Foods Group Holdings Inc./Food Co.<sup>(a)</sup>  | JBS USA Holding Lux Sarl/Foods Group Holdings Inc./Food Co.<sup>(a)</sup>  | JBS USA Holding Lux Sarl/Foods Group Holdings Inc./Food Co.<sup>(a)</sup>  | JBS USA Holding Lux Sarl/Foods Group Holdings Inc./Food Co.<sup>(a)</sup>  | JBS USA Holding Lux Sarl/Foods Group Holdings Inc./Food Co.<sup>(a)</sup>  |
| 03/01/2056 | &nbsp;&nbsp; 6.250% |  | 9335000 | &nbsp;&nbsp; 9230264 |
| JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. |
| 12/01/2031 | &nbsp;&nbsp; 3.750% |  | 1500000 | &nbsp;&nbsp; 1413063 |
| 05/15/2032 | &nbsp;&nbsp; 3.000% |  | 335000 | &nbsp;&nbsp; 296396 |
| 12/01/2052 | &nbsp;&nbsp; 6.500% |  | 1399000 | &nbsp;&nbsp; 1427232 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.125% |  | 1725000 | &nbsp;&nbsp; 1654473 |
| 01/31/2032 | &nbsp;&nbsp; 4.375% |  | 575000 | &nbsp;&nbsp; 540762 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 5.000% |  | 905000 | &nbsp;&nbsp; 923141 |
| 03/01/2035 | &nbsp;&nbsp; 5.200% |  | 1581000 | &nbsp;&nbsp; 1595268 |
| 05/01/2045 | &nbsp;&nbsp; 5.650% |  | 684000 | &nbsp;&nbsp; 674220 |
| 05/01/2055 | &nbsp;&nbsp; 5.700% |  | 1081000 | &nbsp;&nbsp; 1055741 |
| Minerva Luxembourg SA<sup>(a)</sup>  | Minerva Luxembourg SA<sup>(a)</sup>  | Minerva Luxembourg SA<sup>(a)</sup>  | Minerva Luxembourg SA<sup>(a)</sup>  | Minerva Luxembourg SA<sup>(a)</sup>  |
| 09/13/2033 | &nbsp;&nbsp; 8.875% |  | 3050000 | &nbsp;&nbsp; 3349231 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 07/23/2035 | &nbsp;&nbsp; 5.000% |  | 3060000 | &nbsp;&nbsp; 3086632 |
| Pernod Ricard SA<sup>(a)</sup>  | Pernod Ricard SA<sup>(a)</sup>  | Pernod Ricard SA<sup>(a)</sup>  | Pernod Ricard SA<sup>(a)</sup>  | Pernod Ricard SA<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 3.750% | EUR | 1500000 | &nbsp;&nbsp; 1778507 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| 04/15/2031 | &nbsp;&nbsp; 4.250% |  | 2000000 | &nbsp;&nbsp; 1928124 |
| 03/01/2032 | &nbsp;&nbsp; 3.500% |  | 6479000 | &nbsp;&nbsp; 5864392 |
| 05/15/2034 | &nbsp;&nbsp; 6.875% |  | 4250000 | &nbsp;&nbsp; 4654385 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 12/15/2029 | &nbsp;&nbsp; 5.500% |  | 1525000 | &nbsp;&nbsp; 1521455 |
| 04/15/2030 | &nbsp;&nbsp; 4.625% |  | 1349000 | &nbsp;&nbsp; 1300572 |
| 03/01/2033 | &nbsp;&nbsp; 6.375% |  | 1755000 | &nbsp;&nbsp; 1776637 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/30/2029 | &nbsp;&nbsp; 4.375% |  | 740000 | &nbsp;&nbsp; 714742 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% |  | 740000 | &nbsp;&nbsp; 710174 |
| Smithfield Foods, Inc.<sup>(a)</sup>  | Smithfield Foods, Inc.<sup>(a)</sup>  | Smithfield Foods, Inc.<sup>(a)</sup>  | Smithfield Foods, Inc.<sup>(a)</sup>  | Smithfield Foods, Inc.<sup>(a)</sup>  |
| 02/01/2027 | &nbsp;&nbsp; 4.250% |  | 2500000 | &nbsp;&nbsp; 2483378 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% |  | 2020000 | &nbsp;&nbsp; 1845443 |
| Suntory Holdings, Ltd.<sup>(a)</sup>  | Suntory Holdings, Ltd.<sup>(a)</sup>  | Suntory Holdings, Ltd.<sup>(a)</sup>  | Suntory Holdings, Ltd.<sup>(a)</sup>  | Suntory Holdings, Ltd.<sup>(a)</sup>  |
| 06/11/2029 | &nbsp;&nbsp; 5.124% |  | 2100000 | &nbsp;&nbsp; 2156867 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. |
| 03/23/2035 | &nbsp;&nbsp; 5.400% |  | 497000 | &nbsp;&nbsp; 507691 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 5.400% |  | 648000 | &nbsp;&nbsp; 671467 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 7.250% |  | 675000 | &nbsp;&nbsp; 708204 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **85365568** |
| **Gaming 0.3%** | **Gaming 0.3%** | **Gaming 0.3%** | **Gaming 0.3%** | **Gaming 0.3%** |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 4.625% |  | 3000000 | &nbsp;&nbsp; 2862278 |
| CCM Merger, Inc.<sup>(a)</sup>  | CCM Merger, Inc.<sup>(a)</sup>  | CCM Merger, Inc.<sup>(a)</sup>  | CCM Merger, Inc.<sup>(a)</sup>  | CCM Merger, Inc.<sup>(a)</sup>  |
| 05/01/2026 | &nbsp;&nbsp; 6.375% |  | 1225000 | &nbsp;&nbsp; 1224848 |
| FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  |
| 11/21/2033 | &nbsp;&nbsp; 3.375% | EUR | 1600000 | &nbsp;&nbsp; 1832780 |
| GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. |
| 04/15/2026 | &nbsp;&nbsp; 5.375% |  | 125000 | &nbsp;&nbsp; 125382 |
| 01/15/2029 | &nbsp;&nbsp; 5.300% |  | 205000 | &nbsp;&nbsp; 208891 |
| 01/15/2030 | &nbsp;&nbsp; 4.000% |  | 555000 | &nbsp;&nbsp; 536365 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% |  | 510000 | &nbsp;&nbsp; 486561 |
| 02/15/2033 | &nbsp;&nbsp; 5.250% |  | 1710000 | &nbsp;&nbsp; 1706995 |
| Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 8.750% |  | 175000 | &nbsp;&nbsp; 167939 |
| Jacobs Entertainment, Inc.<sup>(a)</sup>  | Jacobs Entertainment, Inc.<sup>(a)</sup>  | Jacobs Entertainment, Inc.<sup>(a)</sup>  | Jacobs Entertainment, Inc.<sup>(a)</sup>  | Jacobs Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.750% |  | 1200000 | &nbsp;&nbsp; 1164257 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.625% |  | 4705000 | &nbsp;&nbsp; 4813356 |
| 06/14/2030 | &nbsp;&nbsp; 6.000% |  | 2970000 | &nbsp;&nbsp; 3091012 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 09/01/2026 | &nbsp;&nbsp; 4.625% |  | 188000 | &nbsp;&nbsp; 187350 |
| 04/15/2027 | &nbsp;&nbsp; 5.500% |  | 1500000 | &nbsp;&nbsp; 1509425 |
| 10/15/2028 | &nbsp;&nbsp; 4.750% |  | 1575000 | &nbsp;&nbsp; 1565681 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% |  | 1620000 | &nbsp;&nbsp; 1661374 |
| Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% |  | 2225000 | &nbsp;&nbsp; 2152429 |
| Premier Entertainment Sub LLC/Finance Corp.<sup>(a)</sup>  | Premier Entertainment Sub LLC/Finance Corp.<sup>(a)</sup>  | Premier Entertainment Sub LLC/Finance Corp.<sup>(a)</sup>  | Premier Entertainment Sub LLC/Finance Corp.<sup>(a)</sup>  | Premier Entertainment Sub LLC/Finance Corp.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 5.875% |  | 1950000 | &nbsp;&nbsp; 1158814 |
| Sands China Ltd. | Sands China Ltd. | Sands China Ltd. | Sands China Ltd. | Sands China Ltd. |
| 08/08/2028 | &nbsp;&nbsp; 5.400% |  | 382000 | &nbsp;&nbsp; 389358 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% |  | 1065000 | &nbsp;&nbsp; 1022358 |
| Station Casinos LLC<sup>(a)</sup>  | Station Casinos LLC<sup>(a)</sup>  | Station Casinos LLC<sup>(a)</sup>  | Station Casinos LLC<sup>(a)</sup>  | Station Casinos LLC<sup>(a)</sup>  |
| 03/15/2032 | &nbsp;&nbsp; 6.625% |  | 1370000 | &nbsp;&nbsp; 1409665 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP |
| 04/01/2028 | &nbsp;&nbsp; 4.750% |  | 2065000 | &nbsp;&nbsp; 2087886 |
| 05/15/2052 | &nbsp;&nbsp; 5.625% |  | 1110000 | &nbsp;&nbsp; 1012007 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  |
| 09/01/2026 | &nbsp;&nbsp; 4.500% |  | 1915000 | &nbsp;&nbsp; 1910438 |
| 02/01/2027 | &nbsp;&nbsp; 5.750% |  | 475000 | &nbsp;&nbsp; 481278 |
| 02/15/2027 | &nbsp;&nbsp; 3.750% |  | 2000000 | &nbsp;&nbsp; 1976028 |
| 02/15/2029 | &nbsp;&nbsp; 3.875% |  | 410000 | &nbsp;&nbsp; 400344 |
| 08/15/2030 | &nbsp;&nbsp; 4.125% |  | 249000 | &nbsp;&nbsp; 240639 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% |  | 2664000 | &nbsp;&nbsp; 2812018 |
| Wynn Macau Ltd.<sup>(a)</sup>  | Wynn Macau Ltd.<sup>(a)</sup>  | Wynn Macau Ltd.<sup>(a)</sup>  | Wynn Macau Ltd.<sup>(a)</sup>  | Wynn Macau Ltd.<sup>(a)</sup>  |
| 01/15/2026 | &nbsp;&nbsp; 5.500% |  | 1400000 | &nbsp;&nbsp; 1400000 |
| Wynn Resorts Finance LLC/Capital Corp.<sup>(a)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(a)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(a)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(a)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.125% |  | 1000000 | &nbsp;&nbsp; 998924 |
| 03/15/2033 | &nbsp;&nbsp; 6.250% |  | 2195000 | &nbsp;&nbsp; 2222929 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **44819609** |
| **Health Care 1.4%** | **Health Care 1.4%** | **Health Care 1.4%** | **Health Care 1.4%** | **Health Care 1.4%** |
| AdaptHealth LLC<sup>(a)</sup>  | AdaptHealth LLC<sup>(a)</sup>  | AdaptHealth LLC<sup>(a)</sup>  | AdaptHealth LLC<sup>(a)</sup>  | AdaptHealth LLC<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 6.125% |  | 1470000 | &nbsp;&nbsp; 1465086 |
| 08/01/2029 | &nbsp;&nbsp; 4.625% |  | 925000 | &nbsp;&nbsp; 875763 |
| American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV |
| 03/08/2031 | &nbsp;&nbsp; 3.000% | EUR | 3760000 | &nbsp;&nbsp; 4378480 |
| AMN Healthcare, Inc.<sup>(a)</sup>  | AMN Healthcare, Inc.<sup>(a)</sup>  | AMN Healthcare, Inc.<sup>(a)</sup>  | AMN Healthcare, Inc.<sup>(a)</sup>  | AMN Healthcare, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.000% |  | 3450000 | &nbsp;&nbsp; 3220551 |
| Barnabas Health, Inc. | Barnabas Health, Inc. | Barnabas Health, Inc. | Barnabas Health, Inc. | Barnabas Health, Inc. |
| 07/01/2028 | &nbsp;&nbsp; 4.000% |  | 3200000 | &nbsp;&nbsp; 3183125 |
| Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. |
| 02/13/2028 | &nbsp;&nbsp; 4.693% |  | 1197000 | &nbsp;&nbsp; 1212284 |
| 08/22/2032 | &nbsp;&nbsp; 4.298% |  | 2913000 | &nbsp;&nbsp; 2843129 |
| 05/15/2044 | &nbsp;&nbsp; 4.875% |  | 1555000 | &nbsp;&nbsp; 1363661 |
| Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. |
| 11/15/2026 | &nbsp;&nbsp; 4.700% |  | 1507000 | &nbsp;&nbsp; 1516603 |
| 11/15/2029 | &nbsp;&nbsp; 5.000% |  | 5575000 | &nbsp;&nbsp; 5709383 |
| 02/15/2034 | &nbsp;&nbsp; 5.450% |  | 221000 | &nbsp;&nbsp; 226961 |
| Cencora, Inc. | Cencora, Inc. | Cencora, Inc. | Cencora, Inc. | Cencora, Inc. |
| 02/15/2034 | &nbsp;&nbsp; 5.125% |  | 810000 | &nbsp;&nbsp; 819035 |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 5.250% |  | 755000 | &nbsp;&nbsp; 676799 |
| Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. |
| 03/15/2031 | &nbsp;&nbsp; 2.375% |  | 4371000 | &nbsp;&nbsp; 3920607 |
| 08/15/2038 | &nbsp;&nbsp; 4.800% |  | 236000 | &nbsp;&nbsp; 221479 |
| 10/15/2047 | &nbsp;&nbsp; 3.875% |  | 2070000 | &nbsp;&nbsp; 1548569 |
| 03/15/2051 | &nbsp;&nbsp; 3.400% |  | 1215000 | &nbsp;&nbsp; 809807 |
| Cigna Group (The) | Cigna Group (The) | Cigna Group (The) | Cigna Group (The) | Cigna Group (The) |
| 02/15/2034 | &nbsp;&nbsp; 5.250% |  | 749000 | &nbsp;&nbsp; 763671 |
| 02/15/2054 | &nbsp;&nbsp; 5.600% |  | 2012000 | &nbsp;&nbsp; 1899985 |
| CommonSpirit Health | CommonSpirit Health | CommonSpirit Health | CommonSpirit Health | CommonSpirit Health |
| 10/01/2025 | &nbsp;&nbsp; 1.547% |  | 3000000 | &nbsp;&nbsp; 2989861 |
| 12/01/2031 | &nbsp;&nbsp; 5.205% |  | 9875000 | &nbsp;&nbsp; 10209792 |
| 11/01/2042 | &nbsp;&nbsp; 4.350% |  | 120000 | &nbsp;&nbsp; 101607 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 02/21/2030 | &nbsp;&nbsp; 5.125% |  | 537000 | &nbsp;&nbsp; 549613 |
| 08/21/2030 | &nbsp;&nbsp; 1.750% |  | 3835000 | &nbsp;&nbsp; 3350720 |
| 09/15/2031 | &nbsp;&nbsp; 2.125% |  | 590000 | &nbsp;&nbsp; 509288 |
| 09/15/2032 | &nbsp;&nbsp; 5.000% |  | 1912000 | &nbsp;&nbsp; 1920450 |
| 02/21/2033 | &nbsp;&nbsp; 5.250% |  | 328000 | &nbsp;&nbsp; 331786 |
| 07/20/2035 | &nbsp;&nbsp; 4.875% |  | 720000 | &nbsp;&nbsp; 690863 |
| 03/25/2038 | &nbsp;&nbsp; 4.780% |  | 8729000 | &nbsp;&nbsp; 8042090 |
| 04/01/2040 | &nbsp;&nbsp; 4.125% |  | 587000 | &nbsp;&nbsp; 491923 |
| 03/25/2048 | &nbsp;&nbsp; 5.050% |  | 7220000 | &nbsp;&nbsp; 6198912 |
| 09/15/2055 | &nbsp;&nbsp; 6.200% |  | 7175000 | &nbsp;&nbsp; 7067156 |
| 06/01/2063 | &nbsp;&nbsp; 6.000% |  | 67000 | &nbsp;&nbsp; 63514 |
| CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 7.000% |  | 5500000 | &nbsp;&nbsp; 5731935 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 4.625% |  | 5320000 | &nbsp;&nbsp; 5121492 |
| Duke University Health System, Inc. | Duke University Health System, Inc. | Duke University Health System, Inc. | Duke University Health System, Inc. | Duke University Health System, Inc. |
| 06/01/2047 | &nbsp;&nbsp; 3.920% |  | 875000 | &nbsp;&nbsp; 688634 |
| Embecta Corp.<sup>(a)</sup>  | Embecta Corp.<sup>(a)</sup>  | Embecta Corp.<sup>(a)</sup>  | Embecta Corp.<sup>(a)</sup>  | Embecta Corp.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 5.000% |  | 900000 | &nbsp;&nbsp; 844867 |
| Fresenius Medical Care US Finance III, Inc.<sup>(a)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(a)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(a)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(a)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(a)</sup>  |
| 12/01/2026 | &nbsp;&nbsp; 1.875% |  | 2825000 | &nbsp;&nbsp; 2728919 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 06/15/2026 | &nbsp;&nbsp; 5.250% |  | 1169000 | &nbsp;&nbsp; 1171008 |
| 02/15/2027 | &nbsp;&nbsp; 4.500% |  | 1142000 | &nbsp;&nbsp; 1143085 |
| 12/01/2027 | &nbsp;&nbsp; 7.050% |  | 10000 | &nbsp;&nbsp; 10563 |
| 06/15/2029 | &nbsp;&nbsp; 4.125% |  | 588000 | &nbsp;&nbsp; 582326 |
| 09/01/2030 | &nbsp;&nbsp; 3.500% |  | 2363000 | &nbsp;&nbsp; 2253163 |
| 04/01/2031 | &nbsp;&nbsp; 5.450% |  | 884000 | &nbsp;&nbsp; 917629 |
| 07/15/2031 | &nbsp;&nbsp; 2.375% |  | 1262000 | &nbsp;&nbsp; 1112653 |
| 06/15/2039 | &nbsp;&nbsp; 5.125% |  | 744000 | &nbsp;&nbsp; 701282 |
| 06/15/2047 | &nbsp;&nbsp; 5.500% |  | 2515000 | &nbsp;&nbsp; 2322236 |
| 04/01/2054 | &nbsp;&nbsp; 6.000% |  | 1316000 | &nbsp;&nbsp; 1269572 |
| 04/01/2064 | &nbsp;&nbsp; 6.100% |  | 143000 | &nbsp;&nbsp; 137806 |
| Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC |
| 05/08/2029 | &nbsp;&nbsp; 5.849% |  | 1474000 | &nbsp;&nbsp; 1540509 |
| Illumina, Inc. | Illumina, Inc. | Illumina, Inc. | Illumina, Inc. | Illumina, Inc. |
| 09/09/2026 | &nbsp;&nbsp; 4.650% |  | 2845000 | &nbsp;&nbsp; 2851343 |
| IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. |
| 05/15/2028 | &nbsp;&nbsp; 5.700% |  | 7875000 | &nbsp;&nbsp; 8126141 |
| Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings |
| 04/01/2032 | &nbsp;&nbsp; 4.550% |  | 855000 | &nbsp;&nbsp; 847947 |
| 10/01/2034 | &nbsp;&nbsp; 4.800% |  | 9590000 | &nbsp;&nbsp; 9406500 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.375% |  | 1045000 | &nbsp;&nbsp; 1108721 |
| Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  |
| 09/04/2034 | &nbsp;&nbsp; 3.500% | EUR | 670000 | &nbsp;&nbsp; 776225 |
| 04/24/2036 | &nbsp;&nbsp; 3.875% | EUR | 935000 | &nbsp;&nbsp; 1103277 |
| Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic |
| 11/15/2052 | &nbsp;&nbsp; 4.128% |  | 750000 | &nbsp;&nbsp; 591428 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. |
| 09/15/2029 | &nbsp;&nbsp; 4.250% |  | 771000 | &nbsp;&nbsp; 773703 |
| 05/30/2032 | &nbsp;&nbsp; 4.950% |  | 1434000 | &nbsp;&nbsp; 1462246 |
| 05/30/2035 | &nbsp;&nbsp; 5.250% |  | 1147000 | &nbsp;&nbsp; 1167834 |
| Medtronic Global Holdings SCA | Medtronic Global Holdings SCA | Medtronic Global Holdings SCA | Medtronic Global Holdings SCA | Medtronic Global Holdings SCA |
| 03/07/2031 | &nbsp;&nbsp; 1.625% | EUR | 1975000 | &nbsp;&nbsp; 2149189 |
| 10/15/2040 | &nbsp;&nbsp; 1.375% | EUR | 500000 | &nbsp;&nbsp; 410784 |
| ModivCare, Inc.<sup>(a),(o),(p)</sup>  | ModivCare, Inc.<sup>(a),(o),(p)</sup>  | ModivCare, Inc.<sup>(a),(o),(p)</sup>  | ModivCare, Inc.<sup>(a),(o),(p)</sup>  | ModivCare, Inc.<sup>(a),(o),(p)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.000% |  | 3187800 | &nbsp;&nbsp; 99619 |
| Molnlycke Holding AB<sup>(a)</sup>  | Molnlycke Holding AB<sup>(a)</sup>  | Molnlycke Holding AB<sup>(a)</sup>  | Molnlycke Holding AB<sup>(a)</sup>  | Molnlycke Holding AB<sup>(a)</sup>  |
| 06/11/2034 | &nbsp;&nbsp; 4.250% | EUR | 350000 | &nbsp;&nbsp; 421085 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 3.875% |  | 4220000 | &nbsp;&nbsp; 4054859 |
| 10/01/2029 | &nbsp;&nbsp; 5.250% |  | 1875000 | &nbsp;&nbsp; 1857116 |
| New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) |
| 08/01/2119 | &nbsp;&nbsp; 3.954% |  | 305000 | &nbsp;&nbsp; 206215 |
| NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals |
| 07/01/2043 | &nbsp;&nbsp; 5.750% |  | 705000 | &nbsp;&nbsp; 713240 |
| Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. |
| 12/15/2029 | &nbsp;&nbsp; 4.625% |  | 1399000 | &nbsp;&nbsp; 1420181 |
| 06/30/2030 | &nbsp;&nbsp; 2.950% |  | 263000 | &nbsp;&nbsp; 247521 |
| 06/30/2031 | &nbsp;&nbsp; 2.800% |  | 278000 | &nbsp;&nbsp; 254336 |
| 11/30/2033 | &nbsp;&nbsp; 6.400% |  | 500000 | &nbsp;&nbsp; 550652 |
| 12/15/2034 | &nbsp;&nbsp; 5.000% |  | 642000 | &nbsp;&nbsp; 642629 |
| Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  |
| 09/14/2032 | &nbsp;&nbsp; 4.500% | EUR | 300000 | &nbsp;&nbsp; 367023 |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% |  | 1045000 | &nbsp;&nbsp; 1050460 |
| Solventum Corp. | Solventum Corp. | Solventum Corp. | Solventum Corp. | Solventum Corp. |
| 03/01/2029 | &nbsp;&nbsp; 5.400% |  | 10350000 | &nbsp;&nbsp; 10791360 |
| 03/13/2031 | &nbsp;&nbsp; 5.450% |  | 912000 | &nbsp;&nbsp; 954651 |
| 03/23/2034 | &nbsp;&nbsp; 5.600% |  | 614000 | &nbsp;&nbsp; 636679 |
| 04/30/2054 | &nbsp;&nbsp; 5.900% |  | 681000 | &nbsp;&nbsp; 681451 |
| Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.375% |  | 970000 | &nbsp;&nbsp; 1018520 |
| Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. |
| 02/10/2030 | &nbsp;&nbsp; 4.850% |  | 1215000 | &nbsp;&nbsp; 1245780 |
| 09/11/2032 | &nbsp;&nbsp; 3.375% | EUR | 955000 | &nbsp;&nbsp; 1122302 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 11/01/2027 | &nbsp;&nbsp; 5.125% |  | 1450000 | &nbsp;&nbsp; 1446315 |
| 06/01/2029 | &nbsp;&nbsp; 4.250% |  | 425000 | &nbsp;&nbsp; 413912 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% |  | 4100000 | &nbsp;&nbsp; 3978733 |
| 06/15/2030 | &nbsp;&nbsp; 6.125% |  | 705000 | &nbsp;&nbsp; 716643 |
| Texas Health Resources | Texas Health Resources | Texas Health Resources | Texas Health Resources | Texas Health Resources |
| 11/15/2055 | &nbsp;&nbsp; 4.330% |  | 700000 | &nbsp;&nbsp; 572897 |
| Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. |
| 03/01/2028 | &nbsp;&nbsp; 0.500% | EUR | 3000000 | &nbsp;&nbsp; 3349096 |
| 08/10/2030 | &nbsp;&nbsp; 4.977% |  | 1178000 | &nbsp;&nbsp; 1220139 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Universal Health Services, Inc. | Universal Health Services, Inc. | Universal Health Services, Inc. | Universal Health Services, Inc. |
| 09/01/2026 | &nbsp;&nbsp; 1.650% | 2485000 | &nbsp;&nbsp; 2415935 |
| 10/15/2029 | &nbsp;&nbsp; 4.625% | 2553000 | &nbsp;&nbsp; 2544926 |
| 10/15/2030 | &nbsp;&nbsp; 2.650% | 2485000 | &nbsp;&nbsp; 2229297 |
| Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. |
| 12/01/2028 | &nbsp;&nbsp; 5.350% | 763000 | &nbsp;&nbsp; 790006 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **186239148** |
| **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** |
| Aetna, Inc. | Aetna, Inc. | Aetna, Inc. | Aetna, Inc. |
| 06/15/2036 | &nbsp;&nbsp; 6.625% | 342000 | &nbsp;&nbsp; 371019 |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 12/15/2027 | &nbsp;&nbsp; 4.250% | 4010000 | &nbsp;&nbsp; 3918174 |
| 12/15/2029 | &nbsp;&nbsp; 4.625% | 588000 | &nbsp;&nbsp; 566554 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 2955000 | &nbsp;&nbsp; 2612743 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| 02/08/2026 | &nbsp;&nbsp; 4.900% | 489000 | &nbsp;&nbsp; 489109 |
| 11/01/2031 | &nbsp;&nbsp; 4.950% | 1219000 | &nbsp;&nbsp; 1240018 |
| 02/15/2035 | &nbsp;&nbsp; 5.200% | 2131000 | &nbsp;&nbsp; 2146258 |
| Health Care Service Corp.<sup>(a)</sup>  | Health Care Service Corp.<sup>(a)</sup>  | Health Care Service Corp.<sup>(a)</sup>  | Health Care Service Corp.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 5.200% | 1383000 | &nbsp;&nbsp; 1423353 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. |
| 04/15/2031 | &nbsp;&nbsp; 5.375% | 922000 | &nbsp;&nbsp; 949727 |
| 05/01/2035 | &nbsp;&nbsp; 5.550% | 1775000 | &nbsp;&nbsp; 1791957 |
| Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 320000 | &nbsp;&nbsp; 322882 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2032 | &nbsp;&nbsp; 4.950% | 1489000 | &nbsp;&nbsp; 1519124 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 4450000 | &nbsp;&nbsp; 4467946 |
| 07/15/2034 | &nbsp;&nbsp; 5.150% | 6621000 | &nbsp;&nbsp; 6721285 |
| 06/15/2035 | &nbsp;&nbsp; 5.300% | 2355000 | &nbsp;&nbsp; 2405711 |
| 08/15/2039 | &nbsp;&nbsp; 3.500% | 338000 | &nbsp;&nbsp; 274164 |
| 05/15/2040 | &nbsp;&nbsp; 2.750% | 133000 | &nbsp;&nbsp; 96613 |
| 08/15/2049 | &nbsp;&nbsp; 3.700% | 10370000 | &nbsp;&nbsp; 7457967 |
| 05/15/2051 | &nbsp;&nbsp; 3.250% | 3750000 | &nbsp;&nbsp; 2449649 |
| 04/15/2053 | &nbsp;&nbsp; 5.050% | 1520000 | &nbsp;&nbsp; 1334222 |
| 06/15/2055 | &nbsp;&nbsp; 5.950% | 1725000 | &nbsp;&nbsp; 1724251 |
| 04/15/2063 | &nbsp;&nbsp; 5.200% | 2300000 | &nbsp;&nbsp; 2017844 |
| 04/15/2064 | &nbsp;&nbsp; 5.500% | 182000 | &nbsp;&nbsp; 167104 |
| 07/15/2064 | &nbsp;&nbsp; 5.750% | 906000 | &nbsp;&nbsp; 863820 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **47331494** |
| **Healthcare REIT 0.2%** | **Healthcare REIT 0.2%** | **Healthcare REIT 0.2%** | **Healthcare REIT 0.2%** |
| Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust |
| 03/01/2031 | &nbsp;&nbsp; 4.375% | 1500000 | &nbsp;&nbsp; 1273499 |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 01/15/2028 | &nbsp;&nbsp; 3.625% | 435000 | &nbsp;&nbsp; 426642 |
| 03/15/2031 | &nbsp;&nbsp; 2.050% | 400000 | &nbsp;&nbsp; 343394 |
| Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP |
| 02/15/2030 | &nbsp;&nbsp; 3.100% | 761000 | &nbsp;&nbsp; 715520 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. |
| 07/01/2030 | &nbsp;&nbsp; 5.200% | 5886000 | &nbsp;&nbsp; 5970469 |
| Physicians Realty LP | Physicians Realty LP | Physicians Realty LP | Physicians Realty LP |
| 11/01/2031 | &nbsp;&nbsp; 2.625% | 1100000 | &nbsp;&nbsp; 980486 |
| Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP |
| 12/01/2031 | &nbsp;&nbsp; 3.200% | 418000 | &nbsp;&nbsp; 377347 |
| Senior Housing Properties Trust | Senior Housing Properties Trust | Senior Housing Properties Trust | Senior Housing Properties Trust |
| 02/15/2028 | &nbsp;&nbsp; 4.750% | 25000 | &nbsp;&nbsp; 23619 |
| Welltower OP LLC | Welltower OP LLC | Welltower OP LLC | Welltower OP LLC |
| 07/01/2035 | &nbsp;&nbsp; 5.125% | 2325000 | &nbsp;&nbsp; 2339026 |
| Welltower, Inc. | Welltower, Inc. | Welltower, Inc. | Welltower, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 2.750% | 6320000 | &nbsp;&nbsp; 5822077 |
| 06/01/2031 | &nbsp;&nbsp; 2.800% | 2160000 | &nbsp;&nbsp; 1982402 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20254481** |
| **Home Construction 0.2%** | **Home Construction 0.2%** | **Home Construction 0.2%** | **Home Construction 0.2%** |
| Ashton Woods USA LLC/Finance Co.<sup>(a)</sup>  | Ashton Woods USA LLC/Finance Co.<sup>(a)</sup>  | Ashton Woods USA LLC/Finance Co.<sup>(a)</sup>  | Ashton Woods USA LLC/Finance Co.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 6.625% | 1700000 | &nbsp;&nbsp; 1708719 |
| Brookfield Residential Properties, Inc./US Corp.<sup>(a)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(a)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(a)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 6.250% | 1560000 | &nbsp;&nbsp; 1555378 |
| 02/15/2030 | &nbsp;&nbsp; 4.875% | 2575000 | &nbsp;&nbsp; 2365506 |
| Century Communities, Inc. | Century Communities, Inc. | Century Communities, Inc. | Century Communities, Inc. |
| 06/01/2027 | &nbsp;&nbsp; 6.750% | 2375000 | &nbsp;&nbsp; 2378378 |
| KB Home | KB Home | KB Home | KB Home |
| 06/15/2031 | &nbsp;&nbsp; 4.000% | 1075000 | &nbsp;&nbsp; 1002975 |
| Lennar Corp. | Lennar Corp. | Lennar Corp. | Lennar Corp. |
| 07/30/2030 | &nbsp;&nbsp; 5.200% | 3370000 | &nbsp;&nbsp; 3479636 |
| M/I Homes, Inc. | M/I Homes, Inc. | M/I Homes, Inc. | M/I Homes, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 4.950% | 650000 | &nbsp;&nbsp; 643370 |
| Mattamy Group Corp.<sup>(a)</sup>  | Mattamy Group Corp.<sup>(a)</sup>  | Mattamy Group Corp.<sup>(a)</sup>  | Mattamy Group Corp.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 4.625% | 4500000 | &nbsp;&nbsp; 4336770 |
| MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. |
| 08/06/2061 | &nbsp;&nbsp; 3.966% | 3120000 | &nbsp;&nbsp; 2006260 |
| Meritage Homes Corp. | Meritage Homes Corp. | Meritage Homes Corp. | Meritage Homes Corp. |
| 06/06/2027 | &nbsp;&nbsp; 5.125% | 2000000 | &nbsp;&nbsp; 2013232 |
| Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 1050000 | &nbsp;&nbsp; 1064604 |
| 08/01/2030 | &nbsp;&nbsp; 5.125% | 989000 | &nbsp;&nbsp; 986279 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23541107** |
| **Independent Energy 0.6%** | **Independent Energy 0.6%** | **Independent Energy 0.6%** | **Independent Energy 0.6%** |
| Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.750% | 4800000 | &nbsp;&nbsp; 4614087 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% | 6640000 | &nbsp;&nbsp; 6372648 |
| 06/13/2033 | &nbsp;&nbsp; 6.000% | 1250000 | &nbsp;&nbsp; 1297383 |
| 10/01/2034 | &nbsp;&nbsp; 5.125% | 718000 | &nbsp;&nbsp; 695696 |
| Antero Resources Corp.<sup>(a)</sup>  | Antero Resources Corp.<sup>(a)</sup>  | Antero Resources Corp.<sup>(a)</sup>  | Antero Resources Corp.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 5.375% | 1500000 | &nbsp;&nbsp; 1510806 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| APA Corp.<sup>(a)</sup>  | APA Corp.<sup>(a)</sup>  | APA Corp.<sup>(a)</sup>  | APA Corp.<sup>(a)</sup>  |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 5818000 | &nbsp;&nbsp; 5522596 |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)</sup>  |
| 11/01/2027 | &nbsp;&nbsp; 9.000% | 150000 | &nbsp;&nbsp; 181170 |
| 10/15/2032 | &nbsp;&nbsp; 6.625% | 340000 | &nbsp;&nbsp; 346182 |
| 07/15/2033 | &nbsp;&nbsp; 6.625% | 490000 | &nbsp;&nbsp; 498804 |
| Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  |
| 04/30/2030 | &nbsp;&nbsp; 8.500% | 1005000 | &nbsp;&nbsp; 1026645 |
| Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. |
| 06/30/2033 | &nbsp;&nbsp; 6.450% | 730000 | &nbsp;&nbsp; 779787 |
| 02/15/2037 | &nbsp;&nbsp; 6.500% | 1368000 | &nbsp;&nbsp; 1460713 |
| Canadian Natural Resources Ltd.<sup>(a)</sup>  | Canadian Natural Resources Ltd.<sup>(a)</sup>  | Canadian Natural Resources Ltd.<sup>(a)</sup>  | Canadian Natural Resources Ltd.<sup>(a)</sup>  |
| 12/15/2034 | &nbsp;&nbsp; 5.400% | 765000 | &nbsp;&nbsp; 766540 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 750000 | &nbsp;&nbsp; 778563 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 525000 | &nbsp;&nbsp; 546524 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| 09/15/2063 | &nbsp;&nbsp; 5.700% | 281000 | &nbsp;&nbsp; 267471 |
| Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. |
| 09/15/2034 | &nbsp;&nbsp; 5.200% | 1190000 | &nbsp;&nbsp; 1166377 |
| 05/15/2042 | &nbsp;&nbsp; 4.750% | 1950000 | &nbsp;&nbsp; 1644104 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| 12/01/2026 | &nbsp;&nbsp; 3.250% | 1905000 | &nbsp;&nbsp; 1882659 |
| 03/24/2031 | &nbsp;&nbsp; 3.125% | 1675000 | &nbsp;&nbsp; 1552115 |
| 03/15/2033 | &nbsp;&nbsp; 6.250% | 1395000 | &nbsp;&nbsp; 1490824 |
| 04/18/2034 | &nbsp;&nbsp; 5.400% | 765000 | &nbsp;&nbsp; 772877 |
| 03/15/2052 | &nbsp;&nbsp; 4.250% | 348000 | &nbsp;&nbsp; 260992 |
| 03/15/2053 | &nbsp;&nbsp; 6.250% | 833000 | &nbsp;&nbsp; 823394 |
| 04/18/2064 | &nbsp;&nbsp; 5.900% | 295000 | &nbsp;&nbsp; 272832 |
| EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. |
| 07/15/2032 | &nbsp;&nbsp; 5.000% | 5597000 | &nbsp;&nbsp; 5694218 |
| 01/15/2036 | &nbsp;&nbsp; 5.350% | 966000 | &nbsp;&nbsp; 981361 |
| Hess Corp. | Hess Corp. | Hess Corp. | Hess Corp. |
| 04/01/2027 | &nbsp;&nbsp; 4.300% | 1562000 | &nbsp;&nbsp; 1565893 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 6.000% | 1135000 | &nbsp;&nbsp; 1124049 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 2350000 | &nbsp;&nbsp; 2252612 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 995000 | &nbsp;&nbsp; 1039777 |
| Lundin Energy Finance BV<sup>(a)</sup>  | Lundin Energy Finance BV<sup>(a)</sup>  | Lundin Energy Finance BV<sup>(a)</sup>  | Lundin Energy Finance BV<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 3.100% | 1575000 | &nbsp;&nbsp; 1430052 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 07/15/2027 | &nbsp;&nbsp; 8.500% | 175000 | &nbsp;&nbsp; 184298 |
| 01/01/2031 | &nbsp;&nbsp; 6.125% | 1372000 | &nbsp;&nbsp; 1434418 |
| 01/01/2032 | &nbsp;&nbsp; 5.375% | 590000 | &nbsp;&nbsp; 593505 |
| 03/15/2040 | &nbsp;&nbsp; 6.200% | 699000 | &nbsp;&nbsp; 689873 |
| 03/15/2046 | &nbsp;&nbsp; 6.600% | 190000 | &nbsp;&nbsp; 190856 |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 348000 | &nbsp;&nbsp; 324379 |
| Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. |
| 05/15/2028 | &nbsp;&nbsp; 5.650% | 5441000 | &nbsp;&nbsp; 5599791 |
| 07/15/2053 | &nbsp;&nbsp; 7.100% | 1846000 | &nbsp;&nbsp; 1907070 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 8.000% | 1600000 | &nbsp;&nbsp; 1629205 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 1025000 | &nbsp;&nbsp; 1046640 |
| Santos Finance Ltd.<sup>(a)</sup>  | Santos Finance Ltd.<sup>(a)</sup>  | Santos Finance Ltd.<sup>(a)</sup>  | Santos Finance Ltd.<sup>(a)</sup>  |
| 09/19/2033 | &nbsp;&nbsp; 6.875% | 1340000 | &nbsp;&nbsp; 1471952 |
| Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. |
| 02/01/2029 | &nbsp;&nbsp; 5.375% | 1675000 | &nbsp;&nbsp; 1679680 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 1550000 | &nbsp;&nbsp; 1509588 |
| Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  |
| 05/18/2027 | &nbsp;&nbsp; 5.000% | 4995000 | &nbsp;&nbsp; 5039206 |
| 01/15/2028 | &nbsp;&nbsp; 7.500% | 3580000 | &nbsp;&nbsp; 3798914 |
| Viper Energy Partners LLC | Viper Energy Partners LLC | Viper Energy Partners LLC | Viper Energy Partners LLC |
| 08/01/2035 | &nbsp;&nbsp; 5.700% | 1520000 | &nbsp;&nbsp; 1525460 |
| Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. |
| 05/19/2030 | &nbsp;&nbsp; 5.400% | 1368000 | &nbsp;&nbsp; 1405566 |
| 05/19/2032 | &nbsp;&nbsp; 5.700% | 1277000 | &nbsp;&nbsp; 1319515 |
| 05/19/2035 | &nbsp;&nbsp; 6.000% | 1434000 | &nbsp;&nbsp; 1481010 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **83450677** |
| **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 09/11/2033 | &nbsp;&nbsp; 4.893% | 332000 | &nbsp;&nbsp; 334134 |
| 04/10/2034 | &nbsp;&nbsp; 4.989% | 195000 | &nbsp;&nbsp; 197091 |
| 11/17/2034 | &nbsp;&nbsp; 5.227% | 1003000 | &nbsp;&nbsp; 1023686 |
| BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 4.375% | 1035000 | &nbsp;&nbsp; 1035000 |
|  | &nbsp;&nbsp; 4.875% | 570000 | &nbsp;&nbsp; 564497 |
|  | &nbsp;&nbsp; 6.125% | 889000 | &nbsp;&nbsp; 907005 |
|  | &nbsp;&nbsp; 6.450% | 696000 | &nbsp;&nbsp; 734283 |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| 06/15/2047 | &nbsp;&nbsp; 5.400% | 130000 | &nbsp;&nbsp; 116056 |
| 02/15/2052 | &nbsp;&nbsp; 3.750% | 3750000 | &nbsp;&nbsp; 2546652 |
| Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. |
| 04/15/2030 | &nbsp;&nbsp; 4.687% | 3875000 | &nbsp;&nbsp; 3961364 |
| 10/15/2032 | &nbsp;&nbsp; 4.500% | 765000 | &nbsp;&nbsp; 766884 |
| 10/15/2035 | &nbsp;&nbsp; 4.850% | 1434000 | &nbsp;&nbsp; 1428266 |
| Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. |
| 03/01/2046 | &nbsp;&nbsp; 4.114% | 2755000 | &nbsp;&nbsp; 2266299 |
| ORLEN SA<sup>(a)</sup>  | ORLEN SA<sup>(a)</sup>  | ORLEN SA<sup>(a)</sup>  | ORLEN SA<sup>(a)</sup>  |
| 01/30/2035 | &nbsp;&nbsp; 6.000% | 400000 | &nbsp;&nbsp; 414300 |
| TotalEnergies Capital SA | TotalEnergies Capital SA | TotalEnergies Capital SA | TotalEnergies Capital SA |
| 04/05/2064 | &nbsp;&nbsp; 5.638% | 222000 | &nbsp;&nbsp; 212487 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16508004** |
| **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 4.000% | 1250000 | &nbsp;&nbsp; 1227899 |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 25000 | &nbsp;&nbsp; 25613 |
| Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 995000 | &nbsp;&nbsp; 1032142 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Lindblad Expeditions LLC<sup>(a)</sup>  | Lindblad Expeditions LLC<sup>(a)</sup>  | Lindblad Expeditions LLC<sup>(a)</sup>  | Lindblad Expeditions LLC<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 6.750% | 2750000 | &nbsp;&nbsp; 2770414 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 5.875% | 377000 | &nbsp;&nbsp; 377471 |
| 02/15/2027 | &nbsp;&nbsp; 5.875% | 950000 | &nbsp;&nbsp; 952410 |
| 02/15/2029 | &nbsp;&nbsp; 7.750% | 950000 | &nbsp;&nbsp; 1015095 |
| 03/01/2030 | &nbsp;&nbsp; 6.250% | 100000 | &nbsp;&nbsp; 101549 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 1550000 | &nbsp;&nbsp; 1599273 |
| NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.125% | 875000 | &nbsp;&nbsp; 890082 |
| Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  |
| 08/31/2026 | &nbsp;&nbsp; 5.500% | 275000 | &nbsp;&nbsp; 276090 |
| 04/01/2028 | &nbsp;&nbsp; 5.500% | 50000 | &nbsp;&nbsp; 50916 |
| 09/30/2031 | &nbsp;&nbsp; 5.625% | 1690000 | &nbsp;&nbsp; 1718717 |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 5.875% | 1400000 | &nbsp;&nbsp; 1400476 |
| VOC Escrow Ltd.<sup>(a)</sup>  | VOC Escrow Ltd.<sup>(a)</sup>  | VOC Escrow Ltd.<sup>(a)</sup>  | VOC Escrow Ltd.<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 5.000% | 1725000 | &nbsp;&nbsp; 1715651 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15153798** |
| **Life Insurance 1.2%** | **Life Insurance 1.2%** | **Life Insurance 1.2%** | **Life Insurance 1.2%** |
| AIG Global Funding<sup>(a)</sup>  | AIG Global Funding<sup>(a)</sup>  | AIG Global Funding<sup>(a)</sup>  | AIG Global Funding<sup>(a)</sup>  |
| 09/22/2025 | &nbsp;&nbsp; 0.900% | 2990000 | &nbsp;&nbsp; 2982514 |
| American National Global Funding<sup>(a)</sup>  | American National Global Funding<sup>(a)</sup>  | American National Global Funding<sup>(a)</sup>  | American National Global Funding<sup>(a)</sup>  |
| 01/28/2030 | &nbsp;&nbsp; 5.550% | 3030000 | &nbsp;&nbsp; 3122553 |
| 06/03/2030 | &nbsp;&nbsp; 5.250% | 2205000 | &nbsp;&nbsp; 2245985 |
| American National Group, Inc. | American National Group, Inc. | American National Group, Inc. | American National Group, Inc. |
| 07/15/2035 | &nbsp;&nbsp; 6.000% | 3405000 | &nbsp;&nbsp; 3443675 |
| Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  |
| 02/23/2026 | &nbsp;&nbsp; 5.684% | 3128000 | &nbsp;&nbsp; 3145944 |
| 06/29/2026 | &nbsp;&nbsp; 1.608% | 2930000 | &nbsp;&nbsp; 2864692 |
| 03/08/2027 | &nbsp;&nbsp; 3.205% | 1430000 | &nbsp;&nbsp; 1402440 |
| 05/09/2028 | &nbsp;&nbsp; 4.830% | 6505000 | &nbsp;&nbsp; 6586649 |
| 01/07/2029 | &nbsp;&nbsp; 2.717% | 320000 | &nbsp;&nbsp; 302192 |
| 01/07/2030 | &nbsp;&nbsp; 5.380% | 2675000 | &nbsp;&nbsp; 2752256 |
| 11/13/2031 | &nbsp;&nbsp; 5.322% | 2402000 | &nbsp;&nbsp; 2457743 |
| 08/22/2035 | &nbsp;&nbsp; 5.543% | 3295000 | &nbsp;&nbsp; 3281415 |
| Belrose Funding Trust II<sup>(a)</sup>  | Belrose Funding Trust II<sup>(a)</sup>  | Belrose Funding Trust II<sup>(a)</sup>  | Belrose Funding Trust II<sup>(a)</sup>  |
| 05/15/2055 | &nbsp;&nbsp; 6.792% | 3955000 | &nbsp;&nbsp; 4099865 |
| Brighthouse Financial Global Funding<sup>(a)</sup>  | Brighthouse Financial Global Funding<sup>(a)</sup>  | Brighthouse Financial Global Funding<sup>(a)</sup>  | Brighthouse Financial Global Funding<sup>(a)</sup>  |
| 04/09/2027 | &nbsp;&nbsp; 5.550% | 5235000 | &nbsp;&nbsp; 5316857 |
| CNO Global Funding<sup>(a)</sup>  | CNO Global Funding<sup>(a)</sup>  | CNO Global Funding<sup>(a)</sup>  | CNO Global Funding<sup>(a)</sup>  |
| 06/04/2027 | &nbsp;&nbsp; 5.875% | 1568000 | &nbsp;&nbsp; 1609693 |
| Corebridge Financial, Inc. | Corebridge Financial, Inc. | Corebridge Financial, Inc. | Corebridge Financial, Inc. |
| 04/05/2032 | &nbsp;&nbsp; 3.900% | 580000 | &nbsp;&nbsp; 548939 |
| 09/15/2033 | &nbsp;&nbsp; 6.050% | 1292000 | &nbsp;&nbsp; 1368848 |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 530000 | &nbsp;&nbsp; 553810 |
| Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  |
| 06/24/2029 | &nbsp;&nbsp; 5.200% | 3815000 | &nbsp;&nbsp; 3928347 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Equitable America Global Funding<sup>(a)</sup>  | Equitable America Global Funding<sup>(a)</sup>  | Equitable America Global Funding<sup>(a)</sup>  | Equitable America Global Funding<sup>(a)</sup>  |
| 06/09/2030 | &nbsp;&nbsp; 4.950% | 3445000 | &nbsp;&nbsp; 3512604 |
| Equitable Financial Life Global Funding<sup>(a)</sup>  | Equitable Financial Life Global Funding<sup>(a)</sup>  | Equitable Financial Life Global Funding<sup>(a)</sup>  | Equitable Financial Life Global Funding<sup>(a)</sup>  |
| 03/27/2030 | &nbsp;&nbsp; 5.000% | 1972000 | &nbsp;&nbsp; 2022268 |
| Equitable Holdings, Inc.<sup>(a)</sup>  | Equitable Holdings, Inc.<sup>(a)</sup>  | Equitable Holdings, Inc.<sup>(a)</sup>  | Equitable Holdings, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 4.572% | 1395000 | &nbsp;&nbsp; 1395383 |
| F&G Global Funding<sup>(a)</sup>  | F&G Global Funding<sup>(a)</sup>  | F&G Global Funding<sup>(a)</sup>  | F&G Global Funding<sup>(a)</sup>  |
| 06/10/2027 | &nbsp;&nbsp; 5.875% | 2235000 | &nbsp;&nbsp; 2293357 |
| Fortitude Group Holdings LLC<sup>(a)</sup>  | Fortitude Group Holdings LLC<sup>(a)</sup>  | Fortitude Group Holdings LLC<sup>(a)</sup>  | Fortitude Group Holdings LLC<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 6.250% | 1570000 | &nbsp;&nbsp; 1632925 |
| GA Global Funding Trust<sup>(a)</sup>  | GA Global Funding Trust<sup>(a)</sup>  | GA Global Funding Trust<sup>(a)</sup>  | GA Global Funding Trust<sup>(a)</sup>  |
| 01/06/2027 | &nbsp;&nbsp; 2.250% | 2390000 | &nbsp;&nbsp; 2322111 |
| 04/01/2032 | &nbsp;&nbsp; 5.500% | 4240000 | &nbsp;&nbsp; 4345398 |
| Jackson National Life Global Funding<sup>(a)</sup>  | Jackson National Life Global Funding<sup>(a)</sup>  | Jackson National Life Global Funding<sup>(a)</sup>  | Jackson National Life Global Funding<sup>(a)</sup>  |
| 04/12/2028 | &nbsp;&nbsp; 5.250% | 1200000 | &nbsp;&nbsp; 1224305 |
| 06/05/2028 | &nbsp;&nbsp; 4.700% | 5275000 | &nbsp;&nbsp; 5321240 |
| Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  |
| 05/28/2028 | &nbsp;&nbsp; 4.625% | 3705000 | &nbsp;&nbsp; 3740053 |
| Lincoln National Corp. | Lincoln National Corp. | Lincoln National Corp. | Lincoln National Corp. |
| 01/15/2031 | &nbsp;&nbsp; 3.400% | 6000000 | &nbsp;&nbsp; 5635360 |
| 06/15/2040 | &nbsp;&nbsp; 7.000% | 930000 | &nbsp;&nbsp; 1045312 |
| MassMutual Global Funding II<sup>(a)</sup>  | MassMutual Global Funding II<sup>(a)</sup>  | MassMutual Global Funding II<sup>(a)</sup>  | MassMutual Global Funding II<sup>(a)</sup>  |
| 01/10/2030 | &nbsp;&nbsp; 4.950% | 5170000 | &nbsp;&nbsp; 5304045 |
| 05/07/2030 | &nbsp;&nbsp; 4.550% | 2254000 | &nbsp;&nbsp; 2278979 |
| Mutual of Omaha Cos Global Funding<sup>(a)</sup>  | Mutual of Omaha Cos Global Funding<sup>(a)</sup>  | Mutual of Omaha Cos Global Funding<sup>(a)</sup>  | Mutual of Omaha Cos Global Funding<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.000% | 1190000 | &nbsp;&nbsp; 1214599 |
| New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  |
| 07/25/2028 | &nbsp;&nbsp; 4.150% | 1530000 | &nbsp;&nbsp; 1535360 |
| 06/06/2029 | &nbsp;&nbsp; 5.000% | 5005000 | &nbsp;&nbsp; 5143199 |
| New York Life Insurance Co.<sup>(a)</sup>  | New York Life Insurance Co.<sup>(a)</sup>  | New York Life Insurance Co.<sup>(a)</sup>  | New York Life Insurance Co.<sup>(a)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/15/2050 | &nbsp;&nbsp; 3.750% | 2545000 | &nbsp;&nbsp; 1862511 |
| NLG Global Funding<sup>(a)</sup>  | NLG Global Funding<sup>(a)</sup>  | NLG Global Funding<sup>(a)</sup>  | NLG Global Funding<sup>(a)</sup>  |
| 01/23/2030 | &nbsp;&nbsp; 5.400% | 3895000 | &nbsp;&nbsp; 4047252 |
| Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 1.700% | 1039000 | &nbsp;&nbsp; 978774 |
| 06/12/2028 | &nbsp;&nbsp; 4.900% | 5365000 | &nbsp;&nbsp; 5486188 |
| Northwestern Mutual Life Insurance Co. (The)<sup>(a)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(a)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(a)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(a)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/29/2055 | &nbsp;&nbsp; 6.170% | 736000 | &nbsp;&nbsp; 769232 |
| Omnis Funding Trust<sup>(a)</sup>  | Omnis Funding Trust<sup>(a)</sup>  | Omnis Funding Trust<sup>(a)</sup>  | Omnis Funding Trust<sup>(a)</sup>  |
| 05/15/2055 | &nbsp;&nbsp; 6.722% | 1676000 | &nbsp;&nbsp; 1729573 |
| Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  |
| 02/10/2030 | &nbsp;&nbsp; 4.850% | 5280000 | &nbsp;&nbsp; 5379237 |
| Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  |
| 08/26/2032 | &nbsp;&nbsp; 4.750% | 4525000 | &nbsp;&nbsp; 4552222 |
| Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  |
| 08/19/2027 | &nbsp;&nbsp; 4.600% | 2445000 | &nbsp;&nbsp; 2465016 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| RGA Global Funding<sup>(a)</sup>  | RGA Global Funding<sup>(a)</sup>  | RGA Global Funding<sup>(a)</sup>  | RGA Global Funding<sup>(a)</sup>  |
| 05/24/2029 | &nbsp;&nbsp; 5.448% | 267000 | &nbsp;&nbsp; 277041 |
| 08/25/2032 | &nbsp;&nbsp; 5.000% | 7065000 | &nbsp;&nbsp; 7098431 |
| Sammons Financial Group Global Funding<sup>(a)</sup>  | Sammons Financial Group Global Funding<sup>(a)</sup>  | Sammons Financial Group Global Funding<sup>(a)</sup>  | Sammons Financial Group Global Funding<sup>(a)</sup>  |
| 06/12/2030 | &nbsp;&nbsp; 4.950% | 6300000 | &nbsp;&nbsp; 6392048 |
| SBL Holdings, Inc.<sup>(a)</sup>  | SBL Holdings, Inc.<sup>(a)</sup>  | SBL Holdings, Inc.<sup>(a)</sup>  | SBL Holdings, Inc.<sup>(a)</sup>  |
| 10/30/2034 | &nbsp;&nbsp; 7.200% | 4095000 | &nbsp;&nbsp; 4030287 |
| Teachers Insurance & Annuity Association of America<sup>(a)</sup>  | Teachers Insurance & Annuity Association of America<sup>(a)</sup>  | Teachers Insurance & Annuity Association of America<sup>(a)</sup>  | Teachers Insurance & Annuity Association of America<sup>(a)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/15/2044 | &nbsp;&nbsp; 4.900% | 2040000 | &nbsp;&nbsp; 1833729 |
| 05/15/2047 | &nbsp;&nbsp; 4.270% | 4785000 | &nbsp;&nbsp; 3864896 |
| Western-Southern Global Funding<sup>(a)</sup>  | Western-Southern Global Funding<sup>(a)</sup>  | Western-Southern Global Funding<sup>(a)</sup>  | Western-Southern Global Funding<sup>(a)</sup>  |
| 07/16/2028 | &nbsp;&nbsp; 4.500% | 5515000 | &nbsp;&nbsp; 5553353 |
| Wynnton Funding Trust<sup>(a)</sup>  | Wynnton Funding Trust<sup>(a)</sup>  | Wynnton Funding Trust<sup>(a)</sup>  | Wynnton Funding Trust<sup>(a)</sup>  |
| 08/15/2035 | &nbsp;&nbsp; 5.251% | 1765000 | &nbsp;&nbsp; 1766054 |
| Wynnton Funding Trust II<sup>(a)</sup>  | Wynnton Funding Trust II<sup>(a)</sup>  | Wynnton Funding Trust II<sup>(a)</sup>  | Wynnton Funding Trust II<sup>(a)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 5.991% | 2795000 | &nbsp;&nbsp; 2778262 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **162845021** |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. |
| 06/30/2029 | &nbsp;&nbsp; 5.250% | 3985000 | &nbsp;&nbsp; 4089933 |
| Marriott International, Inc. | Marriott International, Inc. | Marriott International, Inc. | Marriott International, Inc. |
| 03/15/2030 | &nbsp;&nbsp; 4.800% | 889000 | &nbsp;&nbsp; 903717 |
| 10/15/2031 | &nbsp;&nbsp; 4.500% | 1910000 | &nbsp;&nbsp; 1894345 |
| 10/15/2032 | &nbsp;&nbsp; 3.500% | 3400000 | &nbsp;&nbsp; 3117840 |
| 03/15/2035 | &nbsp;&nbsp; 5.350% | 661000 | &nbsp;&nbsp; 666898 |
| 10/15/2035 | &nbsp;&nbsp; 5.250% | 5985000 | &nbsp;&nbsp; 5945317 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16618050** |
| **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** |
| AppLovin Corp. | AppLovin Corp. | AppLovin Corp. | AppLovin Corp. |
| 12/01/2029 | &nbsp;&nbsp; 5.125% | 1811000 | &nbsp;&nbsp; 1850397 |
| 12/01/2031 | &nbsp;&nbsp; 5.375% | 1475000 | &nbsp;&nbsp; 1517185 |
| Discovery Communications LLC | Discovery Communications LLC | Discovery Communications LLC | Discovery Communications LLC |
| 05/15/2030 | &nbsp;&nbsp; 3.625% | 2213000 | &nbsp;&nbsp; 1995761 |
| Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  |
| 02/21/2030 | &nbsp;&nbsp; 11.250% | 143450 | &nbsp;&nbsp; 134215 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 985000 | &nbsp;&nbsp; 971136 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 08/15/2034 | &nbsp;&nbsp; 4.750% | 1863000 | &nbsp;&nbsp; 1871405 |
| 05/15/2053 | &nbsp;&nbsp; 5.600% | 3365000 | &nbsp;&nbsp; 3323534 |
| 08/15/2054 | &nbsp;&nbsp; 5.400% | 2532000 | &nbsp;&nbsp; 2426002 |
| 08/15/2064 | &nbsp;&nbsp; 5.550% | 2713000 | &nbsp;&nbsp; 2617845 |
| Midas OpCo Holdings LLC<sup>(a)</sup>  | Midas OpCo Holdings LLC<sup>(a)</sup>  | Midas OpCo Holdings LLC<sup>(a)</sup>  | Midas OpCo Holdings LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 705000 | &nbsp;&nbsp; 679959 |
| Netflix, Inc. | Netflix, Inc. | Netflix, Inc. | Netflix, Inc. |
| 11/15/2028 | &nbsp;&nbsp; 5.875% | 1119000 | &nbsp;&nbsp; 1181502 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 745000 | &nbsp;&nbsp; 711507 |
| Playtika Holding Corp.<sup>(a)</sup>  | Playtika Holding Corp.<sup>(a)</sup>  | Playtika Holding Corp.<sup>(a)</sup>  | Playtika Holding Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.250% | 745000 | &nbsp;&nbsp; 684524 |
| Scripps Escrow II, Inc.<sup>(a)</sup>  | Scripps Escrow II, Inc.<sup>(a)</sup>  | Scripps Escrow II, Inc.<sup>(a)</sup>  | Scripps Escrow II, Inc.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 3.875% | 400000 | &nbsp;&nbsp; 354575 |
| Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 8.125% | 140000 | &nbsp;&nbsp; 143469 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 841000 | &nbsp;&nbsp; 851176 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 1105000 | &nbsp;&nbsp; 1107742 |
| Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. |
| 03/28/2028 | &nbsp;&nbsp; 4.950% | 3645000 | &nbsp;&nbsp; 3713734 |
| 06/12/2029 | &nbsp;&nbsp; 5.400% | 692000 | &nbsp;&nbsp; 718075 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 452000 | &nbsp;&nbsp; 389961 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 2528000 | &nbsp;&nbsp; 1703869 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 1347000 | &nbsp;&nbsp; 841037 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **29788610** |
| **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** |
| Anglo American Capital PLC<sup>(a)</sup>  | Anglo American Capital PLC<sup>(a)</sup>  | Anglo American Capital PLC<sup>(a)</sup>  | Anglo American Capital PLC<sup>(a)</sup>  |
| 05/02/2033 | &nbsp;&nbsp; 5.500% | 431000 | &nbsp;&nbsp; 442257 |
| AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC |
| 10/01/2030 | &nbsp;&nbsp; 3.750% | 1800000 | &nbsp;&nbsp; 1699343 |
| Arsenal AIC Parent LLC<sup>(a)</sup>  | Arsenal AIC Parent LLC<sup>(a)</sup>  | Arsenal AIC Parent LLC<sup>(a)</sup>  | Arsenal AIC Parent LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 11.500% | 1055000 | &nbsp;&nbsp; 1174612 |
| BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. |
| 09/08/2030 | &nbsp;&nbsp; 5.250% | 804000 | &nbsp;&nbsp; 838987 |
| 02/21/2032 | &nbsp;&nbsp; 5.125% | 1184000 | &nbsp;&nbsp; 1222429 |
| Capstone Copper Corp.<sup>(a)</sup>  | Capstone Copper Corp.<sup>(a)</sup>  | Capstone Copper Corp.<sup>(a)</sup>  | Capstone Copper Corp.<sup>(a)</sup>  |
| 03/31/2033 | &nbsp;&nbsp; 6.750% | 1220000 | &nbsp;&nbsp; 1253686 |
| Champion Iron Canada, Inc.<sup>(a)</sup>  | Champion Iron Canada, Inc.<sup>(a)</sup>  | Champion Iron Canada, Inc.<sup>(a)</sup>  | Champion Iron Canada, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 7.875% | 2020000 | &nbsp;&nbsp; 2107887 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 820000 | &nbsp;&nbsp; 832303 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 1385000 | &nbsp;&nbsp; 1379583 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 520000 | &nbsp;&nbsp; 518565 |
| Coronado Finance Pty Ltd.<sup>(a)</sup>  | Coronado Finance Pty Ltd.<sup>(a)</sup>  | Coronado Finance Pty Ltd.<sup>(a)</sup>  | Coronado Finance Pty Ltd.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 9.250% | 1425000 | &nbsp;&nbsp; 1147828 |
| First Quantum Minerals Ltd.<sup>(a)</sup>  | First Quantum Minerals Ltd.<sup>(a)</sup>  | First Quantum Minerals Ltd.<sup>(a)</sup>  | First Quantum Minerals Ltd.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 9.375% | 1730000 | &nbsp;&nbsp; 1837480 |
| 02/15/2034 | &nbsp;&nbsp; 7.250% | 1275000 | &nbsp;&nbsp; 1286681 |
| Glencore Funding LLC<sup>(a)</sup>  | Glencore Funding LLC<sup>(a)</sup>  | Glencore Funding LLC<sup>(a)</sup>  | Glencore Funding LLC<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.186% | 2350000 | &nbsp;&nbsp; 2413635 |
| 04/04/2054 | &nbsp;&nbsp; 5.893% | 83000 | &nbsp;&nbsp; 81069 |
| Hecla Mining Co. | Hecla Mining Co. | Hecla Mining Co. | Hecla Mining Co. |
| 02/15/2028 | &nbsp;&nbsp; 7.250% | 374000 | &nbsp;&nbsp; 378741 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Kinross Gold Corp. | Kinross Gold Corp. | Kinross Gold Corp. | Kinross Gold Corp. |
| 07/15/2027 | &nbsp;&nbsp; 4.500% | 1239000 | &nbsp;&nbsp; 1241497 |
| Mineral Resources Ltd.<sup>(a)</sup>  | Mineral Resources Ltd.<sup>(a)</sup>  | Mineral Resources Ltd.<sup>(a)</sup>  | Mineral Resources Ltd.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 9.250% | 1000000 | &nbsp;&nbsp; 1046932 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 1070000 | &nbsp;&nbsp; 1029603 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 535000 | &nbsp;&nbsp; 540258 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 1425000 | &nbsp;&nbsp; 1478628 |
| Nucor Corp. | Nucor Corp. | Nucor Corp. | Nucor Corp. |
| 05/01/2028 | &nbsp;&nbsp; 3.950% | 1231000 | &nbsp;&nbsp; 1228174 |
| 06/01/2035 | &nbsp;&nbsp; 5.100% | 1482000 | &nbsp;&nbsp; 1490611 |
| Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC |
| 03/14/2032 | &nbsp;&nbsp; 5.000% | 1150000 | &nbsp;&nbsp; 1178544 |
| 03/14/2055 | &nbsp;&nbsp; 5.750% | 1081000 | &nbsp;&nbsp; 1077954 |
| Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. |
| 10/15/2027 | &nbsp;&nbsp; 1.650% | 614000 | &nbsp;&nbsp; 581702 |
| 01/15/2031 | &nbsp;&nbsp; 3.250% | 1510000 | &nbsp;&nbsp; 1420429 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **30929418** |
| **Midstream 1.0%** | **Midstream 1.0%** | **Midstream 1.0%** | **Midstream 1.0%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 9.375% | 1033000 | &nbsp;&nbsp; 1066140 |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 709000 | &nbsp;&nbsp; 742342 |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 1340000 | &nbsp;&nbsp; 1385949 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 545000 | &nbsp;&nbsp; 543735 |
| Columbia Pipelines Holding Co. LLC<sup>(a)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(a)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(a)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.042% | 3100000 | &nbsp;&nbsp; 3242261 |
| 10/01/2031 | &nbsp;&nbsp; 5.097% | 708000 | &nbsp;&nbsp; 718788 |
| Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 6.036% | 9090000 | &nbsp;&nbsp; 9620653 |
| Crestwood Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Crestwood Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Crestwood Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Crestwood Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.625% | 1128000 | &nbsp;&nbsp; 1127925 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 980000 | &nbsp;&nbsp; 1025911 |
| Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  |
| 07/15/2080 | &nbsp;&nbsp; 5.750% | 839000 | &nbsp;&nbsp; 837050 |
| 01/15/2084 | &nbsp;&nbsp; 8.500% | 3925000 | &nbsp;&nbsp; 4445678 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| 04/01/2030 | &nbsp;&nbsp; 5.200% | 846000 | &nbsp;&nbsp; 869990 |
| 09/01/2054 | &nbsp;&nbsp; 6.050% | 321000 | &nbsp;&nbsp; 305275 |
| Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP |
| 05/15/2030 | &nbsp;&nbsp; 3.750% | 1002000 | &nbsp;&nbsp; 970473 |
| Energy Transfer Partners LP | Energy Transfer Partners LP | Energy Transfer Partners LP | Energy Transfer Partners LP |
| 03/15/2035 | &nbsp;&nbsp; 4.900% | 74000 | &nbsp;&nbsp; 71153 |
| 06/15/2038 | &nbsp;&nbsp; 5.800% | 354000 | &nbsp;&nbsp; 356738 |
| 03/15/2045 | &nbsp;&nbsp; 5.150% | 1625000 | &nbsp;&nbsp; 1429404 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| 01/15/2031 | &nbsp;&nbsp; 4.600% | 2080000 | &nbsp;&nbsp; 2100145 |
| 02/15/2035 | &nbsp;&nbsp; 4.950% | 548000 | &nbsp;&nbsp; 547001 |
| 05/15/2046 | &nbsp;&nbsp; 4.900% | 1400000 | &nbsp;&nbsp; 1253885 |
| Enterprise Products Operating LLC<sup>(b)</sup>  | Enterprise Products Operating LLC<sup>(b)</sup>  | Enterprise Products Operating LLC<sup>(b)</sup>  | Enterprise Products Operating LLC<sup>(b)</sup>  |
| 3-month Term SOFR + 3.248% <br>08/16/2077<br>| &nbsp;&nbsp; 7.433% | 266000 | &nbsp;&nbsp; 265746 |
| Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 5.375% | 2935000 | &nbsp;&nbsp; 2900931 |
| 04/01/2029 | &nbsp;&nbsp; 5.875% | 2854000 | &nbsp;&nbsp; 2640982 |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  |
| 03/31/2034 | &nbsp;&nbsp; 2.160% | 630263 | &nbsp;&nbsp; 567790 |
| Howard Midstream Energy Partners LLC<sup>(a)</sup>  | Howard Midstream Energy Partners LLC<sup>(a)</sup>  | Howard Midstream Energy Partners LLC<sup>(a)</sup>  | Howard Midstream Energy Partners LLC<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 7.375% | 970000 | &nbsp;&nbsp; 1012048 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 03/15/2032 | &nbsp;&nbsp; 7.750% | 635000 | &nbsp;&nbsp; 734952 |
| 09/01/2039 | &nbsp;&nbsp; 6.500% | 1000000 | &nbsp;&nbsp; 1069832 |
| 03/01/2043 | &nbsp;&nbsp; 5.000% | 159000 | &nbsp;&nbsp; 142299 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 12/01/2034 | &nbsp;&nbsp; 5.300% | 1455000 | &nbsp;&nbsp; 1463636 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 03/01/2026 | &nbsp;&nbsp; 1.750% | 275000 | &nbsp;&nbsp; 271266 |
| 03/15/2028 | &nbsp;&nbsp; 4.000% | 903000 | &nbsp;&nbsp; 897795 |
| 08/15/2030 | &nbsp;&nbsp; 2.650% | 1374000 | &nbsp;&nbsp; 1256014 |
| 01/15/2033 | &nbsp;&nbsp; 5.000% | 957000 | &nbsp;&nbsp; 948760 |
| 06/01/2034 | &nbsp;&nbsp; 5.500% | 321000 | &nbsp;&nbsp; 323521 |
| 09/15/2035 | &nbsp;&nbsp; 5.400% | 5455000 | &nbsp;&nbsp; 5386212 |
| 03/01/2047 | &nbsp;&nbsp; 5.200% | 1500000 | &nbsp;&nbsp; 1305330 |
| NGPL PipeCo LLC<sup>(a)</sup>  | NGPL PipeCo LLC<sup>(a)</sup>  | NGPL PipeCo LLC<sup>(a)</sup>  | NGPL PipeCo LLC<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 4.875% | 412000 | &nbsp;&nbsp; 412836 |
| Northriver Midstream Finance LP<sup>(a)</sup>  | Northriver Midstream Finance LP<sup>(a)</sup>  | Northriver Midstream Finance LP<sup>(a)</sup>  | Northriver Midstream Finance LP<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.750% | 1035000 | &nbsp;&nbsp; 1064396 |
| ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP |
| 09/15/2043 | &nbsp;&nbsp; 6.200% | 216000 | &nbsp;&nbsp; 216308 |
| ONEOK, Inc.<sup>(a)</sup>  | ONEOK, Inc.<sup>(a)</sup>  | ONEOK, Inc.<sup>(a)</sup>  | ONEOK, Inc.<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 6.500% | 1050000 | &nbsp;&nbsp; 1130144 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 09/01/2033 | &nbsp;&nbsp; 6.050% | 1420000 | &nbsp;&nbsp; 1493317 |
| 11/01/2034 | &nbsp;&nbsp; 5.050% | 2590000 | &nbsp;&nbsp; 2526193 |
| 09/15/2046 | &nbsp;&nbsp; 4.250% | 320000 | &nbsp;&nbsp; 243212 |
| 03/15/2050 | &nbsp;&nbsp; 4.500% | 1960000 | &nbsp;&nbsp; 1529909 |
| 10/15/2055 | &nbsp;&nbsp; 6.250% | 10190000 | &nbsp;&nbsp; 9957744 |
| Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. |
| 06/01/2042 | &nbsp;&nbsp; 5.150% | 2185000 | &nbsp;&nbsp; 1950100 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 670000 | &nbsp;&nbsp; 700150 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 03/15/2027 | &nbsp;&nbsp; 5.000% | 2029000 | &nbsp;&nbsp; 2040634 |
| 03/15/2028 | &nbsp;&nbsp; 4.200% | 84000 | &nbsp;&nbsp; 83972 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC |
| 02/15/2031 | &nbsp;&nbsp; 7.350% | 2910000 | &nbsp;&nbsp; 3212799 |
| Summit Midstream Holdings LLC<sup>(a)</sup>  | Summit Midstream Holdings LLC<sup>(a)</sup>  | Summit Midstream Holdings LLC<sup>(a)</sup>  | Summit Midstream Holdings LLC<sup>(a)</sup>  |
| 10/31/2029 | &nbsp;&nbsp; 8.625% | 925000 | &nbsp;&nbsp; 923331 |
| Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP |
| 04/01/2044 | &nbsp;&nbsp; 5.300% | 371000 | &nbsp;&nbsp; 332270 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 1230000 | &nbsp;&nbsp; 1257405 |
| Tallgrass Energy Partners LP/Finance Corp.<sup>(a)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(a)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(a)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.500% | 142000 | &nbsp;&nbsp; 141716 |
| Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. |
| 03/30/2034 | &nbsp;&nbsp; 6.500% | 3755000 | &nbsp;&nbsp; 4059255 |
| 02/15/2035 | &nbsp;&nbsp; 5.500% | 948000 | &nbsp;&nbsp; 956238 |
| 07/01/2052 | &nbsp;&nbsp; 6.250% | 155000 | &nbsp;&nbsp; 152788 |
| 05/15/2055 | &nbsp;&nbsp; 6.125% | 5510000 | &nbsp;&nbsp; 5350405 |
| Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. |
| 02/01/2031 | &nbsp;&nbsp; 4.875% | 564000 | &nbsp;&nbsp; 561727 |
| TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  |
| 08/23/2032 | &nbsp;&nbsp; 5.780% | 1030000 | &nbsp;&nbsp; 1073704 |
| TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. |
| 03/15/2036 | &nbsp;&nbsp; 5.850% | 185000 | &nbsp;&nbsp; 191588 |
| TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  |
| 06/01/2065 | &nbsp;&nbsp; 7.000% | 1332000 | &nbsp;&nbsp; 1353845 |
| Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC |
| 05/15/2030 | &nbsp;&nbsp; 3.250% | 447000 | &nbsp;&nbsp; 425434 |
| 03/15/2048 | &nbsp;&nbsp; 4.600% | 4875000 | &nbsp;&nbsp; 4100653 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 750000 | &nbsp;&nbsp; 719104 |
| 01/15/2030 | &nbsp;&nbsp; 6.250% | 2400000 | &nbsp;&nbsp; 2499615 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 1000000 | &nbsp;&nbsp; 938969 |
| Venture Global LNG, Inc.<sup>(a),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(a),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(a),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(a),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 9.000% | 6946000 | &nbsp;&nbsp; 6909566 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 2205000 | &nbsp;&nbsp; 2314129 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 1529000 | &nbsp;&nbsp; 1665007 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 405000 | &nbsp;&nbsp; 423105 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 865000 | &nbsp;&nbsp; 908065 |
| Western Gas Partners LP | Western Gas Partners LP | Western Gas Partners LP | Western Gas Partners LP |
| 03/01/2048 | &nbsp;&nbsp; 5.300% | 603000 | &nbsp;&nbsp; 507635 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 11/15/2034 | &nbsp;&nbsp; 5.450% | 1241000 | &nbsp;&nbsp; 1224583 |
| Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) |
| 09/15/2025 | &nbsp;&nbsp; 4.000% | 1683000 | &nbsp;&nbsp; 1682436 |
| 03/15/2029 | &nbsp;&nbsp; 4.900% | 319000 | &nbsp;&nbsp; 325042 |
| 03/15/2032 | &nbsp;&nbsp; 8.750% | 3486000 | &nbsp;&nbsp; 4209983 |
| Williams Companies., Inc. (The) | Williams Companies., Inc. (The) | Williams Companies., Inc. (The) | Williams Companies., Inc. (The) |
| 03/02/2026 | &nbsp;&nbsp; 5.400% | 3250000 | &nbsp;&nbsp; 3264800 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Williams Partners LP | Williams Partners LP | Williams Partners LP | Williams Partners LP | Williams Partners LP |
| 03/04/2044 | &nbsp;&nbsp; 5.400% |  | 78000 | &nbsp;&nbsp; 73498 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **128955220** |
| **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** |
| Boston Gas Co.<sup>(a)</sup>  | Boston Gas Co.<sup>(a)</sup>  | Boston Gas Co.<sup>(a)</sup>  | Boston Gas Co.<sup>(a)</sup>  | Boston Gas Co.<sup>(a)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 3.150% |  | 1472000 | &nbsp;&nbsp; 1442013 |
| 01/10/2035 | &nbsp;&nbsp; 5.843% |  | 672000 | &nbsp;&nbsp; 705146 |
| Brooklyn Union Gas Co. (The)<sup>(a)</sup>  | Brooklyn Union Gas Co. (The)<sup>(a)</sup>  | Brooklyn Union Gas Co. (The)<sup>(a)</sup>  | Brooklyn Union Gas Co. (The)<sup>(a)</sup>  | Brooklyn Union Gas Co. (The)<sup>(a)</sup>  |
| 07/18/2054 | &nbsp;&nbsp; 6.415% |  | 1860000 | &nbsp;&nbsp; 1912347 |
| KeySpan Corp. | KeySpan Corp. | KeySpan Corp. | KeySpan Corp. | KeySpan Corp. |
| 11/15/2030 | &nbsp;&nbsp; 8.000% |  | 670000 | &nbsp;&nbsp; 767339 |
| KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  |
| 03/06/2033 | &nbsp;&nbsp; 5.994% |  | 4625000 | &nbsp;&nbsp; 4842601 |
| National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  |
| 04/05/2030 | &nbsp;&nbsp; 4.250% | EUR | 2745000 | &nbsp;&nbsp; 3366780 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 1.700% |  | 605000 | &nbsp;&nbsp; 524081 |
| 06/30/2033 | &nbsp;&nbsp; 5.400% |  | 930000 | &nbsp;&nbsp; 957426 |
| 04/01/2055 | &nbsp;&nbsp; 5.850% |  | 1139000 | &nbsp;&nbsp; 1118530 |
| ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. |
| 04/01/2029 | &nbsp;&nbsp; 5.100% |  | 447000 | &nbsp;&nbsp; 461364 |
| Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. |
| 02/15/2035 | &nbsp;&nbsp; 5.100% |  | 3400000 | &nbsp;&nbsp; 3432884 |
| Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  |
| 10/01/2054 | &nbsp;&nbsp; 6.400% |  | 1279000 | &nbsp;&nbsp; 1264615 |
| South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 04/15/2031 | &nbsp;&nbsp; 5.020% |  | 1422000 | &nbsp;&nbsp; 1171808 |
| Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. |
| 09/15/2032 | &nbsp;&nbsp; 5.150% |  | 5715000 | &nbsp;&nbsp; 5826881 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **27793815** |
| **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** |
| Cousins Properties LP | Cousins Properties LP | Cousins Properties LP | Cousins Properties LP | Cousins Properties LP |
| 07/15/2030 | &nbsp;&nbsp; 5.250% |  | 590000 | &nbsp;&nbsp; 605466 |
| Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP |
| 11/01/2027 | &nbsp;&nbsp; 3.950% |  | 3463000 | &nbsp;&nbsp; 3312798 |
| 02/15/2028 | &nbsp;&nbsp; 5.950% |  | 55000 | &nbsp;&nbsp; 53835 |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 590000 | &nbsp;&nbsp; 499726 |
| Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP |
| 04/01/2032 | &nbsp;&nbsp; 2.750% |  | 2066000 | &nbsp;&nbsp; 1749771 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6221596** |
| **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** |
| Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  |
| 04/01/2032 | &nbsp;&nbsp; 7.625% |  | 1025000 | &nbsp;&nbsp; 1021039 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. |
| 12/01/2034 | &nbsp;&nbsp; 5.500% |  | 4120000 | &nbsp;&nbsp; 3965996 |
| Schlumberger Holdings Corp.<sup>(a)</sup>  | Schlumberger Holdings Corp.<sup>(a)</sup>  | Schlumberger Holdings Corp.<sup>(a)</sup>  | Schlumberger Holdings Corp.<sup>(a)</sup>  | Schlumberger Holdings Corp.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 5.000% |  | 883000 | &nbsp;&nbsp; 910387 |
| 06/26/2030 | &nbsp;&nbsp; 2.650% |  | 564000 | &nbsp;&nbsp; 525391 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% |  | 645000 | &nbsp;&nbsp; 623892 |
| 02/15/2030 | &nbsp;&nbsp; 8.750% |  | 266250 | &nbsp;&nbsp; 281790 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7328495** |
| **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** |
| Atlas Warehouse Lending Co. LP<sup>(a)</sup>  | Atlas Warehouse Lending Co. LP<sup>(a)</sup>  | Atlas Warehouse Lending Co. LP<sup>(a)</sup>  | Atlas Warehouse Lending Co. LP<sup>(a)</sup>  | Atlas Warehouse Lending Co. LP<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 6.050% |  | 2244000 | &nbsp;&nbsp; 2286227 |
| 01/15/2030 | &nbsp;&nbsp; 6.250% |  | 2220000 | &nbsp;&nbsp; 2272581 |
| Five Point Operating Co. LP/Capital Corp.<sup>(a),(n)</sup>  | Five Point Operating Co. LP/Capital Corp.<sup>(a),(n)</sup>  | Five Point Operating Co. LP/Capital Corp.<sup>(a),(n)</sup>  | Five Point Operating Co. LP/Capital Corp.<sup>(a),(n)</sup>  | Five Point Operating Co. LP/Capital Corp.<sup>(a),(n)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 10.500% |  | 1948028 | &nbsp;&nbsp; 1965564 |
| Greystone Commercial Capital Trust<sup>(a),(b),(l)</sup>  | Greystone Commercial Capital Trust<sup>(a),(b),(l)</sup>  | Greystone Commercial Capital Trust<sup>(a),(b),(l)</sup>  | Greystone Commercial Capital Trust<sup>(a),(b),(l)</sup>  | Greystone Commercial Capital Trust<sup>(a),(b),(l)</sup>  |
| 1-month USD LIBOR + 2.270% <br>08/31/2028<br>| &nbsp;&nbsp; 7.713% |  | 9190225 | &nbsp;&nbsp; 8179300 |
| Howard Hughes Corp. (The)<sup>(a)</sup>  | Howard Hughes Corp. (The)<sup>(a)</sup>  | Howard Hughes Corp. (The)<sup>(a)</sup>  | Howard Hughes Corp. (The)<sup>(a)</sup>  | Howard Hughes Corp. (The)<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 5.375% |  | 3000000 | &nbsp;&nbsp; 2997848 |
| 02/01/2031 | &nbsp;&nbsp; 4.375% |  | 750000 | &nbsp;&nbsp; 699046 |
| Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 9.750% |  | 1253000 | &nbsp;&nbsp; 1246094 |
| 06/15/2030 | &nbsp;&nbsp; 9.000% |  | 1649000 | &nbsp;&nbsp; 1571746 |
| Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 10.000% |  | 340000 | &nbsp;&nbsp; 336561 |
| Lseg US Fin Corp.<sup>(a)</sup>  | Lseg US Fin Corp.<sup>(a)</sup>  | Lseg US Fin Corp.<sup>(a)</sup>  | Lseg US Fin Corp.<sup>(a)</sup>  | Lseg US Fin Corp.<sup>(a)</sup>  |
| 03/28/2027 | &nbsp;&nbsp; 4.875% |  | 1152000 | &nbsp;&nbsp; 1163667 |
| 03/28/2034 | &nbsp;&nbsp; 5.297% |  | 1058000 | &nbsp;&nbsp; 1083761 |
| Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 0.750% | EUR | 2600000 | &nbsp;&nbsp; 2527084 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **26329479** |
| **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** |
| Arcosa, Inc.<sup>(a)</sup>  | Arcosa, Inc.<sup>(a)</sup>  | Arcosa, Inc.<sup>(a)</sup>  | Arcosa, Inc.<sup>(a)</sup>  | Arcosa, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.875% |  | 1005000 | &nbsp;&nbsp; 1048457 |
| Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% |  | 3187000 | &nbsp;&nbsp; 3118957 |
| Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University |
| 10/01/2028 | &nbsp;&nbsp; 5.125% |  | 530000 | &nbsp;&nbsp; 519936 |
| Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology |
| 07/01/2114 | &nbsp;&nbsp; 4.678% |  | 758000 | &nbsp;&nbsp; 626229 |
| 07/01/2116 | &nbsp;&nbsp; 3.885% |  | 1850000 | &nbsp;&nbsp; 1265261 |
| Mitsubishi Corp.<sup>(a)</sup>  | Mitsubishi Corp.<sup>(a)</sup>  | Mitsubishi Corp.<sup>(a)</sup>  | Mitsubishi Corp.<sup>(a)</sup>  | Mitsubishi Corp.<sup>(a)</sup>  |
| 07/02/2029 | &nbsp;&nbsp; 5.000% |  | 2655000 | &nbsp;&nbsp; 2731708 |
| Northwestern University | Northwestern University | Northwestern University | Northwestern University | Northwestern University |
| 12/01/2057 | &nbsp;&nbsp; 3.662% |  | 1350000 | &nbsp;&nbsp; 968193 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College |
| 07/15/2046 | &nbsp;&nbsp; 3.150% |  | 3031000 | &nbsp;&nbsp; 2183406 |
| 07/15/2056 | &nbsp;&nbsp; 3.300% |  | 2230000 | &nbsp;&nbsp; 1512137 |
| TopBuild Corp.<sup>(a)</sup>  | TopBuild Corp.<sup>(a)</sup>  | TopBuild Corp.<sup>(a)</sup>  | TopBuild Corp.<sup>(a)</sup>  | TopBuild Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 3.625% |  | 1000000 | &nbsp;&nbsp; 954651 |
| Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) |
| 09/01/2112 | &nbsp;&nbsp; 4.674% |  | 1620000 | &nbsp;&nbsp; 1315166 |
| University of Southern California | University of Southern California | University of Southern California | University of Southern California | University of Southern California |
| 10/01/2039 | &nbsp;&nbsp; 3.028% |  | 3425000 | &nbsp;&nbsp; 2819532 |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% |  | 2360000 | &nbsp;&nbsp; 2422685 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **21486318** |
| **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** |
| American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP |
| 02/01/2031 | &nbsp;&nbsp; 3.375% |  | 3115000 | &nbsp;&nbsp; 2811439 |
| CubeSmart LP | CubeSmart LP | CubeSmart LP | CubeSmart LP | CubeSmart LP |
| 12/15/2028 | &nbsp;&nbsp; 2.250% |  | 694000 | &nbsp;&nbsp; 653214 |
| Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 1.000% | EUR | 980000 | &nbsp;&nbsp; 984919 |
| 03/15/2035 | &nbsp;&nbsp; 3.875% | EUR | 370000 | &nbsp;&nbsp; 427012 |
| Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP |
| 04/01/2028 | &nbsp;&nbsp; 5.700% |  | 1245000 | &nbsp;&nbsp; 1286185 |
| 04/01/2029 | &nbsp;&nbsp; 3.900% |  | 1437000 | &nbsp;&nbsp; 1415780 |
| 06/15/2029 | &nbsp;&nbsp; 4.000% |  | 393000 | &nbsp;&nbsp; 388965 |
| 10/15/2030 | &nbsp;&nbsp; 2.200% |  | 2263000 | &nbsp;&nbsp; 2031358 |
| 10/15/2031 | &nbsp;&nbsp; 2.400% |  | 330000 | &nbsp;&nbsp; 289472 |
| 01/15/2035 | &nbsp;&nbsp; 5.350% |  | 551000 | &nbsp;&nbsp; 555919 |
| First Industrial LP | First Industrial LP | First Industrial LP | First Industrial LP | First Industrial LP |
| 01/15/2031 | &nbsp;&nbsp; 5.250% |  | 1905000 | &nbsp;&nbsp; 1943117 |
| Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP |
| 02/01/2026 | &nbsp;&nbsp; 4.500% |  | 520000 | &nbsp;&nbsp; 519431 |
| 06/15/2032 | &nbsp;&nbsp; 5.700% |  | 5215000 | &nbsp;&nbsp; 5358805 |
| 04/15/2035 | &nbsp;&nbsp; 5.500% |  | 802000 | &nbsp;&nbsp; 798402 |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% |  | 1050000 | &nbsp;&nbsp; 1027219 |
| Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust |
| 10/01/2031 | &nbsp;&nbsp; 2.375% |  | 3805000 | &nbsp;&nbsp; 3286507 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 7.000% |  | 990000 | &nbsp;&nbsp; 1021267 |
| Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC |
| 05/23/2033 | &nbsp;&nbsp; 4.625% | EUR | 670000 | &nbsp;&nbsp; 843357 |
| 05/05/2034 | &nbsp;&nbsp; 4.000% | EUR | 1280000 | &nbsp;&nbsp; 1537484 |
| Prologis Targeted US Logistics Fund LP<sup>(a)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(a)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(a)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(a)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 5.250% |  | 1666000 | &nbsp;&nbsp; 1720204 |
| 04/01/2034 | &nbsp;&nbsp; 5.500% |  | 348000 | &nbsp;&nbsp; 358347 |
| Public Storage Operating Co. | Public Storage Operating Co. | Public Storage Operating Co. | Public Storage Operating Co. | Public Storage Operating Co. |
| 07/01/2030 | &nbsp;&nbsp; 4.375% |  | 3490000 | &nbsp;&nbsp; 3508138 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP |
| 09/01/2031 | &nbsp;&nbsp; 2.150% |  | 2529000 | &nbsp;&nbsp; 2195358 |
| Starwood Property Trust, Inc.<sup>(a)</sup>  | Starwood Property Trust, Inc.<sup>(a)</sup>  | Starwood Property Trust, Inc.<sup>(a)</sup>  | Starwood Property Trust, Inc.<sup>(a)</sup>  | Starwood Property Trust, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 6.500% |  | 770000 | &nbsp;&nbsp; 798884 |
| 10/15/2030 | &nbsp;&nbsp; 6.500% |  | 1000000 | &nbsp;&nbsp; 1035968 |
| Trust Fibra Uno<sup>(a)</sup>  | Trust Fibra Uno<sup>(a)</sup>  | Trust Fibra Uno<sup>(a)</sup>  | Trust Fibra Uno<sup>(a)</sup>  | Trust Fibra Uno<sup>(a)</sup>  |
| 01/23/2032 | &nbsp;&nbsp; 7.700% |  | 890000 | &nbsp;&nbsp; 953447 |
| WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. |
| 07/15/2030 | &nbsp;&nbsp; 4.650% |  | 2120000 | &nbsp;&nbsp; 2131912 |
| 07/23/2032 | &nbsp;&nbsp; 4.250% | EUR | 500000 | &nbsp;&nbsp; 606061 |
| 04/01/2033 | &nbsp;&nbsp; 2.250% |  | 4080000 | &nbsp;&nbsp; 3379839 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **43868010** |
| **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** |
| Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. |
| 08/15/2027 | &nbsp;&nbsp; 4.800% |  | 2720000 | &nbsp;&nbsp; 2749497 |
| 04/15/2030 | &nbsp;&nbsp; 2.704% |  | 1339000 | &nbsp;&nbsp; 1243308 |
| 01/15/2034 | &nbsp;&nbsp; 5.375% |  | 398000 | &nbsp;&nbsp; 405234 |
| 08/15/2035 | &nbsp;&nbsp; 5.250% |  | 4830000 | &nbsp;&nbsp; 4804765 |
| Holding d'Infrastructures des Metiers de l'Environnement<sup>(a)</sup>  | Holding d'Infrastructures des Metiers de l'Environnement<sup>(a)</sup>  | Holding d'Infrastructures des Metiers de l'Environnement<sup>(a)</sup>  | Holding d'Infrastructures des Metiers de l'Environnement<sup>(a)</sup>  | Holding d'Infrastructures des Metiers de l'Environnement<sup>(a)</sup>  |
| 10/24/2029 | &nbsp;&nbsp; 4.875% | EUR | 1000000 | &nbsp;&nbsp; 1214873 |
| Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  |
| 05/24/2034 | &nbsp;&nbsp; 2.875% | EUR | 1700000 | &nbsp;&nbsp; 1860201 |
| United Utilities Water Finance PLC<sup>(a)</sup>  | United Utilities Water Finance PLC<sup>(a)</sup>  | United Utilities Water Finance PLC<sup>(a)</sup>  | United Utilities Water Finance PLC<sup>(a)</sup>  | United Utilities Water Finance PLC<sup>(a)</sup>  |
| 05/23/2034 | &nbsp;&nbsp; 3.750% | EUR | 1540000 | &nbsp;&nbsp; 1800980 |
| Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  |
| 11/18/2034 | &nbsp;&nbsp; 6.375% | GBP | 1500000 | &nbsp;&nbsp; 2061537 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **16140395** |
| **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** |
| Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. |
| 03/17/2028 | &nbsp;&nbsp; 4.800% |  | 2385000 | &nbsp;&nbsp; 2410912 |
| 03/17/2035 | &nbsp;&nbsp; 5.500% |  | 3245000 | &nbsp;&nbsp; 3319950 |
| Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC |
| 05/23/2029 | &nbsp;&nbsp; 5.450% |  | 4640000 | &nbsp;&nbsp; 4802016 |
| Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  |
| 08/15/2026 | &nbsp;&nbsp; 4.125% |  | 500000 | &nbsp;&nbsp; 480604 |
| 08/15/2027 | &nbsp;&nbsp; 5.250% |  | 3000000 | &nbsp;&nbsp; 1320061 |
| 08/15/2027 | &nbsp;&nbsp; 5.250% |  | 325000 | &nbsp;&nbsp; 141693 |
| Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. |
| 08/15/2030 | &nbsp;&nbsp; 2.875% |  | 1000000 | &nbsp;&nbsp; 904460 |
| Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  |
| 07/15/2026 | &nbsp;&nbsp; 4.875% |  | 782000 | &nbsp;&nbsp; 782072 |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| 01/15/2026 | &nbsp;&nbsp; 1.570% |  | 3261000 | &nbsp;&nbsp; 3222197 |
| 01/15/2027 | &nbsp;&nbsp; 1.650% |  | 1065000 | &nbsp;&nbsp; 1028055 |
| 04/15/2028 | &nbsp;&nbsp; 5.500% |  | 6438000 | &nbsp;&nbsp; 6635108 |
| 01/15/2034 | &nbsp;&nbsp; 5.650% |  | 1600000 | &nbsp;&nbsp; 1663137 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 1925000 | &nbsp;&nbsp; 1985011 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 800000 | &nbsp;&nbsp; 821599 |
| Owens-Brockway Glass Container, Inc.<sup>(a)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(a)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(a)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 1000000 | &nbsp;&nbsp; 1017897 |
| Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 1.573% | 703000 | &nbsp;&nbsp; 679209 |
| 02/15/2031 | &nbsp;&nbsp; 7.250% | 950000 | &nbsp;&nbsp; 1000405 |
| Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. |
| 09/01/2029 | &nbsp;&nbsp; 4.600% | 711000 | &nbsp;&nbsp; 713632 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **32928018** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Cascades, Inc./USA<sup>(a)</sup>  | Cascades, Inc./USA<sup>(a)</sup>  | Cascades, Inc./USA<sup>(a)</sup>  | Cascades, Inc./USA<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.375% | 1020000 | &nbsp;&nbsp; 1005489 |
| Inversiones CMPC SA<sup>(a)</sup>  | Inversiones CMPC SA<sup>(a)</sup>  | Inversiones CMPC SA<sup>(a)</sup>  | Inversiones CMPC SA<sup>(a)</sup>  |
| 02/26/2034 | &nbsp;&nbsp; 6.125% | 1500000 | &nbsp;&nbsp; 1552878 |
| Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC |
| 01/15/2030 | &nbsp;&nbsp; 5.200% | 2025000 | &nbsp;&nbsp; 2088957 |
| 04/03/2034 | &nbsp;&nbsp; 5.438% | 737000 | &nbsp;&nbsp; 756948 |
| 04/03/2054 | &nbsp;&nbsp; 5.777% | 351000 | &nbsp;&nbsp; 345180 |
| Weyerhaeuser Co. | Weyerhaeuser Co. | Weyerhaeuser Co. | Weyerhaeuser Co. |
| 05/15/2026 | &nbsp;&nbsp; 4.750% | 131000 | &nbsp;&nbsp; 131314 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5880766** |
| **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 975000 | &nbsp;&nbsp; 1013743 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 11/21/2026 | &nbsp;&nbsp; 2.950% | 687000 | &nbsp;&nbsp; 678159 |
| 03/15/2028 | &nbsp;&nbsp; 4.650% | 620000 | &nbsp;&nbsp; 630002 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 424000 | &nbsp;&nbsp; 408650 |
| 03/15/2031 | &nbsp;&nbsp; 4.950% | 1564000 | &nbsp;&nbsp; 1614732 |
| 03/15/2035 | &nbsp;&nbsp; 4.550% | 4329000 | &nbsp;&nbsp; 4223700 |
| 05/14/2035 | &nbsp;&nbsp; 4.500% | 1193000 | &nbsp;&nbsp; 1155566 |
| 05/14/2036 | &nbsp;&nbsp; 4.300% | 1055000 | &nbsp;&nbsp; 999062 |
| 11/21/2039 | &nbsp;&nbsp; 4.050% | 923000 | &nbsp;&nbsp; 812036 |
| 10/01/2042 | &nbsp;&nbsp; 4.625% | 1000000 | &nbsp;&nbsp; 908382 |
| 05/14/2045 | &nbsp;&nbsp; 4.700% | 680000 | &nbsp;&nbsp; 608853 |
| 03/15/2055 | &nbsp;&nbsp; 5.600% | 1081000 | &nbsp;&nbsp; 1067744 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 02/22/2052 | &nbsp;&nbsp; 4.200% | 345000 | &nbsp;&nbsp; 268281 |
| 03/02/2053 | &nbsp;&nbsp; 5.650% | 2931000 | &nbsp;&nbsp; 2830520 |
| 03/02/2063 | &nbsp;&nbsp; 5.750% | 217000 | &nbsp;&nbsp; 207927 |
| Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC |
| 02/26/2031 | &nbsp;&nbsp; 4.900% | 1564000 | &nbsp;&nbsp; 1616386 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 7.000% | 415000 | &nbsp;&nbsp; 374454 |
| 01/30/2028 | &nbsp;&nbsp; 5.000% | 1100000 | &nbsp;&nbsp; 954211 |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 475000 | &nbsp;&nbsp; 428959 |
| 02/15/2029 | &nbsp;&nbsp; 5.000% | 100000 | &nbsp;&nbsp; 76636 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 02/15/2029 | &nbsp;&nbsp; 6.250% |  | 850000 | &nbsp;&nbsp; 668708 |
| 01/30/2030 | &nbsp;&nbsp; 5.250% |  | 200000 | &nbsp;&nbsp; 145895 |
| 02/15/2031 | &nbsp;&nbsp; 5.250% |  | 1200000 | &nbsp;&nbsp; 812227 |
| Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  |
| 12/15/2028 | &nbsp;&nbsp; 4.375% |  | 5945000 | &nbsp;&nbsp; 5919103 |
| 06/25/2038 | &nbsp;&nbsp; 4.625% |  | 1000000 | &nbsp;&nbsp; 892734 |
| 07/15/2044 | &nbsp;&nbsp; 4.400% |  | 2799000 | &nbsp;&nbsp; 2190138 |
| 06/25/2048 | &nbsp;&nbsp; 4.875% |  | 3505000 | &nbsp;&nbsp; 2880722 |
| Biogen, Inc. | Biogen, Inc. | Biogen, Inc. | Biogen, Inc. | Biogen, Inc. |
| 05/15/2055 | &nbsp;&nbsp; 6.450% |  | 3740000 | &nbsp;&nbsp; 3814200 |
| Bristol Myers Squibb Co. | Bristol Myers Squibb Co. | Bristol Myers Squibb Co. | Bristol Myers Squibb Co. | Bristol Myers Squibb Co. |
| 06/15/2039 | &nbsp;&nbsp; 4.125% |  | 166000 | &nbsp;&nbsp; 147537 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| 02/22/2031 | &nbsp;&nbsp; 5.100% |  | 649000 | &nbsp;&nbsp; 675423 |
| 05/15/2044 | &nbsp;&nbsp; 4.625% |  | 555000 | &nbsp;&nbsp; 489943 |
| 02/22/2054 | &nbsp;&nbsp; 5.550% |  | 2081000 | &nbsp;&nbsp; 2005917 |
| 11/15/2063 | &nbsp;&nbsp; 6.400% |  | 230000 | &nbsp;&nbsp; 245846 |
| CSL Finance PLC<sup>(a)</sup>  | CSL Finance PLC<sup>(a)</sup>  | CSL Finance PLC<sup>(a)</sup>  | CSL Finance PLC<sup>(a)</sup>  | CSL Finance PLC<sup>(a)</sup>  |
| 04/27/2029 | &nbsp;&nbsp; 4.050% |  | 670000 | &nbsp;&nbsp; 669100 |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| 02/12/2030 | &nbsp;&nbsp; 4.750% |  | 2725000 | &nbsp;&nbsp; 2802468 |
| 10/15/2032 | &nbsp;&nbsp; 4.550% |  | 12370000 | &nbsp;&nbsp; 12436355 |
| 02/12/2055 | &nbsp;&nbsp; 5.500% |  | 1776000 | &nbsp;&nbsp; 1754760 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 06/15/2035 | &nbsp;&nbsp; 5.100% |  | 2081000 | &nbsp;&nbsp; 2109229 |
| 11/15/2064 | &nbsp;&nbsp; 5.600% |  | 1062000 | &nbsp;&nbsp; 1034392 |
| GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. |
| 04/15/2035 | &nbsp;&nbsp; 4.875% |  | 1264000 | &nbsp;&nbsp; 1263302 |
| Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 7.500% | EUR | 2839000 | &nbsp;&nbsp; 3500218 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 03/01/2030 | &nbsp;&nbsp; 4.700% |  | 657000 | &nbsp;&nbsp; 676747 |
| 02/26/2033 | &nbsp;&nbsp; 3.050% | EUR | 3030000 | &nbsp;&nbsp; 3544405 |
| Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 6.500% |  | 1015000 | &nbsp;&nbsp; 998769 |
| Mylan NV | Mylan NV | Mylan NV | Mylan NV | Mylan NV |
| 06/15/2026 | &nbsp;&nbsp; 3.950% |  | 3014000 | &nbsp;&nbsp; 2995321 |
| 06/15/2046 | &nbsp;&nbsp; 5.250% |  | 290000 | &nbsp;&nbsp; 236469 |
| Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
| 04/15/2048 | &nbsp;&nbsp; 5.200% |  | 2550000 | &nbsp;&nbsp; 2044173 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2031 | &nbsp;&nbsp; 5.125% |  | 2620000 | &nbsp;&nbsp; 2246900 |
| Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. |
| 05/19/2030 | &nbsp;&nbsp; 4.650% |  | 548000 | &nbsp;&nbsp; 558268 |
| 05/19/2033 | &nbsp;&nbsp; 4.750% |  | 622000 | &nbsp;&nbsp; 623449 |
| 05/19/2063 | &nbsp;&nbsp; 5.340% |  | 1223000 | &nbsp;&nbsp; 1113255 |
| Pfizer Netherlands International Finance BV | Pfizer Netherlands International Finance BV | Pfizer Netherlands International Finance BV | Pfizer Netherlands International Finance BV | Pfizer Netherlands International Finance BV |
| 05/19/2032 | &nbsp;&nbsp; 3.250% | EUR | 1100000 | &nbsp;&nbsp; 1292809 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Roche Holdings, Inc.<sup>(a)</sup>  | Roche Holdings, Inc.<sup>(a)</sup>  | Roche Holdings, Inc.<sup>(a)</sup>  | Roche Holdings, Inc.<sup>(a)</sup>  | Roche Holdings, Inc.<sup>(a)</sup>  |
| 11/13/2030 | &nbsp;&nbsp; 5.489% |  | 1526000 | &nbsp;&nbsp; 1619786 |
| 09/09/2034 | &nbsp;&nbsp; 4.592% |  | 520000 | &nbsp;&nbsp; 515979 |
| Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC |
| 09/02/2025 | &nbsp;&nbsp; 1.200% |  | 316000 | &nbsp;&nbsp; 315871 |
| 09/02/2027 | &nbsp;&nbsp; 1.750% |  | 401000 | &nbsp;&nbsp; 381566 |
| 09/02/2029 | &nbsp;&nbsp; 5.150% |  | 608000 | &nbsp;&nbsp; 623952 |
| 09/02/2030 | &nbsp;&nbsp; 2.200% |  | 2784000 | &nbsp;&nbsp; 2491204 |
| 09/02/2040 | &nbsp;&nbsp; 3.300% |  | 345000 | &nbsp;&nbsp; 260793 |
| Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. |
| 07/05/2034 | &nbsp;&nbsp; 5.300% |  | 350000 | &nbsp;&nbsp; 357685 |
| 07/05/2064 | &nbsp;&nbsp; 5.800% |  | 750000 | &nbsp;&nbsp; 727598 |
| Takeda US Financing, Inc. | Takeda US Financing, Inc. | Takeda US Financing, Inc. | Takeda US Financing, Inc. | Takeda US Financing, Inc. |
| 07/07/2035 | &nbsp;&nbsp; 5.200% |  | 1065000 | &nbsp;&nbsp; 1069472 |
| 07/07/2055 | &nbsp;&nbsp; 5.900% |  | 1148000 | &nbsp;&nbsp; 1144073 |
| Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV |
| 06/01/2031 | &nbsp;&nbsp; 4.125% | EUR | 1940000 | &nbsp;&nbsp; 2286987 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 06/22/2030 | &nbsp;&nbsp; 2.700% |  | 772000 | &nbsp;&nbsp; 693562 |
| 06/22/2040 | &nbsp;&nbsp; 3.850% |  | 4374000 | &nbsp;&nbsp; 3272848 |
| 06/22/2050 | &nbsp;&nbsp; 4.000% |  | 2287000 | &nbsp;&nbsp; 1507532 |
| Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. |
| 08/17/2035 | &nbsp;&nbsp; 5.000% |  | 2935000 | &nbsp;&nbsp; 2922710 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **103858403** |
| **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 11/06/2030 | &nbsp;&nbsp; 7.500% |  | 970000 | &nbsp;&nbsp; 1006507 |
| Alleghany Corp. | Alleghany Corp. | Alleghany Corp. | Alleghany Corp. | Alleghany Corp. |
| 08/15/2051 | &nbsp;&nbsp; 3.250% |  | 799000 | &nbsp;&nbsp; 535857 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 6.500% |  | 1020000 | &nbsp;&nbsp; 1044656 |
| American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. |
| 06/30/2030 | &nbsp;&nbsp; 3.400% |  | 919000 | &nbsp;&nbsp; 884067 |
| Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC |
| 12/02/2031 | &nbsp;&nbsp; 2.600% |  | 4495000 | &nbsp;&nbsp; 4025363 |
| Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. |
| 03/01/2027 | &nbsp;&nbsp; 5.125% |  | 461000 | &nbsp;&nbsp; 467416 |
| 03/01/2029 | &nbsp;&nbsp; 5.150% |  | 997000 | &nbsp;&nbsp; 1026127 |
| Arch Capital Finance LLC | Arch Capital Finance LLC | Arch Capital Finance LLC | Arch Capital Finance LLC | Arch Capital Finance LLC |
| 12/15/2046 | &nbsp;&nbsp; 5.031% |  | 970000 | &nbsp;&nbsp; 876764 |
| Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. |
| 03/09/2052 | &nbsp;&nbsp; 3.050% |  | 2115000 | &nbsp;&nbsp; 1318124 |
| Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. |
| 06/23/2030 | &nbsp;&nbsp; 4.900% |  | 1338000 | &nbsp;&nbsp; 1355287 |
| Chubb INA Holdings LLC | Chubb INA Holdings LLC | Chubb INA Holdings LLC | Chubb INA Holdings LLC | Chubb INA Holdings LLC |
| 08/15/2035 | &nbsp;&nbsp; 4.900% |  | 6661000 | &nbsp;&nbsp; 6626262 |
| CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.450% |  | 3828000 | &nbsp;&nbsp; 3777634 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Enact Holdings, Inc. | Enact Holdings, Inc. | Enact Holdings, Inc. | Enact Holdings, Inc. | Enact Holdings, Inc. |
| 05/28/2029 | &nbsp;&nbsp; 6.250% |  | 5510000 | &nbsp;&nbsp; 5752018 |
| Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. |
| 03/03/2031 | &nbsp;&nbsp; 3.375% |  | 6300000 | &nbsp;&nbsp; 5924900 |
| Farmers Exchange Capital<sup>(a)</sup>  | Farmers Exchange Capital<sup>(a)</sup>  | Farmers Exchange Capital<sup>(a)</sup>  | Farmers Exchange Capital<sup>(a)</sup>  | Farmers Exchange Capital<sup>(a)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 07/15/2028 | &nbsp;&nbsp; 7.050% |  | 800000 | &nbsp;&nbsp; 844266 |
| 07/15/2048 | &nbsp;&nbsp; 7.200% |  | 1290000 | &nbsp;&nbsp; 1303100 |
| Farmers Exchange Capital II<sup>(a),(n)</sup>  | Farmers Exchange Capital II<sup>(a),(n)</sup>  | Farmers Exchange Capital II<sup>(a),(n)</sup>  | Farmers Exchange Capital II<sup>(a),(n)</sup>  | Farmers Exchange Capital II<sup>(a),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2053 | &nbsp;&nbsp; 6.151% |  | 2700000 | &nbsp;&nbsp; 2626806 |
| Farmers Insurance Exchange<sup>(a),(n)</sup>  | Farmers Insurance Exchange<sup>(a),(n)</sup>  | Farmers Insurance Exchange<sup>(a),(n)</sup>  | Farmers Insurance Exchange<sup>(a),(n)</sup>  | Farmers Insurance Exchange<sup>(a),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 10/15/2064 | &nbsp;&nbsp; 7.000% |  | 405000 | &nbsp;&nbsp; 414644 |
| Hartford Financial Services Group Inc. (The)<sup>(a),(b)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(a),(b)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(a),(b)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(a),(b)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(a),(b)</sup>  |
| 3-month Term SOFR + 2.387% <br>02/12/2047<br>| &nbsp;&nbsp; 6.598% |  | 1247000 | &nbsp;&nbsp; 1160059 |
| Hartford Financial Services Group Inc. (The) | Hartford Financial Services Group Inc. (The) | Hartford Financial Services Group Inc. (The) | Hartford Financial Services Group Inc. (The) | Hartford Financial Services Group Inc. (The) |
| 09/15/2051 | &nbsp;&nbsp; 2.900% |  | 441000 | &nbsp;&nbsp; 276074 |
| Liberty Mutual Group, Inc.<sup>(a)</sup>  | Liberty Mutual Group, Inc.<sup>(a)</sup>  | Liberty Mutual Group, Inc.<sup>(a)</sup>  | Liberty Mutual Group, Inc.<sup>(a)</sup>  | Liberty Mutual Group, Inc.<sup>(a)</sup>  |
| 10/15/2050 | &nbsp;&nbsp; 3.951% |  | 2080000 | &nbsp;&nbsp; 1538045 |
| Markel Corp. | Markel Corp. | Markel Corp. | Markel Corp. | Markel Corp. |
| 05/20/2049 | &nbsp;&nbsp; 5.000% |  | 5095000 | &nbsp;&nbsp; 4440411 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% |  | 1025000 | &nbsp;&nbsp; 1062397 |
| SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. |
| 04/05/2029 | &nbsp;&nbsp; 7.000% |  | 3580000 | &nbsp;&nbsp; 3788736 |
| Trustage Financial Group, Inc.<sup>(a)</sup>  | Trustage Financial Group, Inc.<sup>(a)</sup>  | Trustage Financial Group, Inc.<sup>(a)</sup>  | Trustage Financial Group, Inc.<sup>(a)</sup>  | Trustage Financial Group, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 4.625% |  | 2135000 | &nbsp;&nbsp; 2028056 |
| WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. |
| 05/12/2050 | &nbsp;&nbsp; 4.000% |  | 1480000 | &nbsp;&nbsp; 1115732 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **55219308** |
| **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 11/15/2029 | &nbsp;&nbsp; 2.875% |  | 437000 | &nbsp;&nbsp; 415232 |
| 05/01/2050 | &nbsp;&nbsp; 3.500% |  | 3280000 | &nbsp;&nbsp; 2322483 |
| CSX Corp. | CSX Corp. | CSX Corp. | CSX Corp. | CSX Corp. |
| 03/01/2068 | &nbsp;&nbsp; 4.650% |  | 148000 | &nbsp;&nbsp; 120481 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 08/01/2030 | &nbsp;&nbsp; 5.050% |  | 98000 | &nbsp;&nbsp; 101561 |
| 03/15/2034 | &nbsp;&nbsp; 5.550% |  | 337000 | &nbsp;&nbsp; 353291 |
| 03/15/2064 | &nbsp;&nbsp; 5.950% |  | 49000 | &nbsp;&nbsp; 49967 |
| Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. |
| 09/24/2029 | &nbsp;&nbsp; 3.700% | AUD | 970000 | &nbsp;&nbsp; 591704 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| 02/20/2035 | &nbsp;&nbsp; 5.100% |  | 857000 | &nbsp;&nbsp; 872269 |
| 01/20/2063 | &nbsp;&nbsp; 5.150% |  | 83000 | &nbsp;&nbsp; 74957 |
| 09/15/2067 | &nbsp;&nbsp; 4.100% |  | 41000 | &nbsp;&nbsp; 29989 |
| 02/05/2070 | &nbsp;&nbsp; 3.750% |  | 151000 | &nbsp;&nbsp; 101079 |
| 04/06/2071 | &nbsp;&nbsp; 3.799% |  | 41000 | &nbsp;&nbsp; 27703 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5060716** |
| **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** |
| Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. |
| 12/15/2026 | &nbsp;&nbsp; 5.125% |  | 474000 | &nbsp;&nbsp; 477907 |
| 03/01/2030 | &nbsp;&nbsp; 5.150% |  | 2045000 | &nbsp;&nbsp; 2103743 |
| 03/01/2035 | &nbsp;&nbsp; 5.700% |  | 1026000 | &nbsp;&nbsp; 1048164 |
| Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. |
| 02/15/2045 | &nbsp;&nbsp; 4.680% |  | 1300000 | &nbsp;&nbsp; 1089045 |
| Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  |
| 07/08/2032 | &nbsp;&nbsp; 6.250% |  | 4115000 | &nbsp;&nbsp; 4029146 |
| 03/05/2034 | &nbsp;&nbsp; 6.450% |  | 1825000 | &nbsp;&nbsp; 1779965 |
| 01/17/2035 | &nbsp;&nbsp; 5.700% |  | 1000000 | &nbsp;&nbsp; 915577 |
| 03/05/2054 | &nbsp;&nbsp; 6.950% |  | 710000 | &nbsp;&nbsp; 654239 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **12097786** |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 4.000% |  | 775000 | &nbsp;&nbsp; 724730 |
| BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.500% |  | 525000 | &nbsp;&nbsp; 544451 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.625% |  | 875000 | &nbsp;&nbsp; 836288 |
| McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  |
| 03/07/2035 | &nbsp;&nbsp; 4.250% | EUR | 595000 | &nbsp;&nbsp; 725422 |
| McDonald's Corp. | McDonald's Corp. | McDonald's Corp. | McDonald's Corp. | McDonald's Corp. |
| 09/01/2049 | &nbsp;&nbsp; 3.625% |  | 910000 | &nbsp;&nbsp; 659624 |
| Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 3.875% |  | 775000 | &nbsp;&nbsp; 744999 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4235514** |
| **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** |
| Essential Properties LP | Essential Properties LP | Essential Properties LP | Essential Properties LP | Essential Properties LP |
| 12/01/2035 | &nbsp;&nbsp; 5.400% |  | 2300000 | &nbsp;&nbsp; 2271071 |
| Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. |
| 02/01/2033 | &nbsp;&nbsp; 4.600% |  | 3780000 | &nbsp;&nbsp; 3723673 |
| Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP |
| 10/01/2026 | &nbsp;&nbsp; 4.000% |  | 262000 | &nbsp;&nbsp; 260828 |
| NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.600% |  | 1229000 | &nbsp;&nbsp; 1232445 |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.950% |  | 158000 | &nbsp;&nbsp; 157665 |
| 07/06/2030 | &nbsp;&nbsp; 4.875% | EUR | 1200000 | &nbsp;&nbsp; 1513406 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 10/01/2035 | &nbsp;&nbsp; 5.125% | 3610000 | &nbsp;&nbsp; 3607877 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12766965** |
| **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 1060000 | &nbsp;&nbsp; 1086229 |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 05/12/2031 | &nbsp;&nbsp; 2.100% | 546000 | &nbsp;&nbsp; 489466 |
| AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. |
| 10/01/2025 | &nbsp;&nbsp; 4.500% | 2465000 | &nbsp;&nbsp; 2462569 |
| AutoZone, Inc. | AutoZone, Inc. | AutoZone, Inc. | AutoZone, Inc. |
| 04/21/2026 | &nbsp;&nbsp; 3.125% | 415000 | &nbsp;&nbsp; 411546 |
| 11/01/2028 | &nbsp;&nbsp; 6.250% | 437000 | &nbsp;&nbsp; 463804 |
| 01/15/2031 | &nbsp;&nbsp; 1.650% | 1175000 | &nbsp;&nbsp; 1017162 |
| Carvana Co.<sup>(a),(o)</sup>  | Carvana Co.<sup>(a),(o)</sup>  | Carvana Co.<sup>(a),(o)</sup>  | Carvana Co.<sup>(a),(o)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 9.000% | 902321 | &nbsp;&nbsp; 923090 |
| 06/01/2030 | &nbsp;&nbsp; 9.000% | 4225000 | &nbsp;&nbsp; 4413563 |
| 06/01/2031 | &nbsp;&nbsp; 9.000% | 1402502 | &nbsp;&nbsp; 1591512 |
| Gap Inc. (The)<sup>(a)</sup>  | Gap Inc. (The)<sup>(a)</sup>  | Gap Inc. (The)<sup>(a)</sup>  | Gap Inc. (The)<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 3.625% | 1550000 | &nbsp;&nbsp; 1451701 |
| Genuine Parts Co. | Genuine Parts Co. | Genuine Parts Co. | Genuine Parts Co. |
| 08/15/2029 | &nbsp;&nbsp; 4.950% | 4640000 | &nbsp;&nbsp; 4733654 |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 1045000 | &nbsp;&nbsp; 1073729 |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 07/01/2036 | &nbsp;&nbsp; 6.750% | 1380000 | &nbsp;&nbsp; 1406212 |
| Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 3.875% | 2000000 | &nbsp;&nbsp; 1915758 |
| Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. |
| 04/01/2062 | &nbsp;&nbsp; 4.450% | 49000 | &nbsp;&nbsp; 37547 |
| 04/01/2063 | &nbsp;&nbsp; 5.850% | 75000 | &nbsp;&nbsp; 72691 |
| Macy's Retail Holdings LLC | Macy's Retail Holdings LLC | Macy's Retail Holdings LLC | Macy's Retail Holdings LLC |
| 12/15/2034 | &nbsp;&nbsp; 4.500% | 1705000 | &nbsp;&nbsp; 1418859 |
| Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.250% | 1435000 | &nbsp;&nbsp; 1139381 |
| 05/01/2029 | &nbsp;&nbsp; 7.875% | 415000 | &nbsp;&nbsp; 283434 |
| O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. |
| 08/19/2034 | &nbsp;&nbsp; 5.000% | 471000 | &nbsp;&nbsp; 471234 |
| PVH Corp. | PVH Corp. | PVH Corp. | PVH Corp. |
| 06/13/2030 | &nbsp;&nbsp; 5.500% | 5875000 | &nbsp;&nbsp; 5989470 |
| Ralph Lauren Corp. | Ralph Lauren Corp. | Ralph Lauren Corp. | Ralph Lauren Corp. |
| 06/15/2032 | &nbsp;&nbsp; 5.000% | 3510000 | &nbsp;&nbsp; 3582957 |
| Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. |
| 03/01/2032 | &nbsp;&nbsp; 6.750% | 1020000 | &nbsp;&nbsp; 1059311 |
| Target Corp. | Target Corp. | Target Corp. | Target Corp. |
| 04/15/2035 | &nbsp;&nbsp; 5.000% | 5670000 | &nbsp;&nbsp; 5688481 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tractor Supply Co. | Tractor Supply Co. | Tractor Supply Co. | Tractor Supply Co. | Tractor Supply Co. |
| 11/01/2030 | &nbsp;&nbsp; 1.750% |  | 3885000 | &nbsp;&nbsp; 3405691 |
| Victoria's Secret & Co.<sup>(a)</sup>  | Victoria's Secret & Co.<sup>(a)</sup>  | Victoria's Secret & Co.<sup>(a)</sup>  | Victoria's Secret & Co.<sup>(a)</sup>  | Victoria's Secret & Co.<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 4.625% |  | 755000 | &nbsp;&nbsp; 715809 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 04/28/2035 | &nbsp;&nbsp; 4.900% |  | 3593000 | &nbsp;&nbsp; 3650607 |
| Wand NewCo 3, Inc.<sup>(a)</sup>  | Wand NewCo 3, Inc.<sup>(a)</sup>  | Wand NewCo 3, Inc.<sup>(a)</sup>  | Wand NewCo 3, Inc.<sup>(a)</sup>  | Wand NewCo 3, Inc.<sup>(a)</sup>  |
| 01/30/2032 | &nbsp;&nbsp; 7.625% |  | 655000 | &nbsp;&nbsp; 692559 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **51648026** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 3.500% |  | 1135000 | &nbsp;&nbsp; 1079755 |
| Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) |
| 09/15/2054 | &nbsp;&nbsp; 5.500% |  | 844000 | &nbsp;&nbsp; 789403 |
| 09/15/2064 | &nbsp;&nbsp; 5.650% |  | 1108000 | &nbsp;&nbsp; 1039097 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2908255** |
| **Supranational 0.1%** | **Supranational 0.1%** | **Supranational 0.1%** | **Supranational 0.1%** | **Supranational 0.1%** |
| Corp Andina de Fomento | Corp Andina de Fomento | Corp Andina de Fomento | Corp Andina de Fomento | Corp Andina de Fomento |
| 01/24/2029 | &nbsp;&nbsp; 5.000% |  | 495000 | &nbsp;&nbsp; 510526 |
| Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank |
| 10/15/2025 | &nbsp;&nbsp; 6.800% |  | 2500000 | &nbsp;&nbsp; 2506568 |
| 07/15/2027 | &nbsp;&nbsp; 6.750% |  | 4000000 | &nbsp;&nbsp; 4190585 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7207679** |
| **Technology 1.4%** | **Technology 1.4%** | **Technology 1.4%** | **Technology 1.4%** | **Technology 1.4%** |
| Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. |
| 10/04/2031 | &nbsp;&nbsp; 4.250% |  | 1994000 | &nbsp;&nbsp; 1986144 |
| Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. |
| 01/17/2030 | &nbsp;&nbsp; 4.950% |  | 1655000 | &nbsp;&nbsp; 1717337 |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 05/15/2035 | &nbsp;&nbsp; 4.500% |  | 1431000 | &nbsp;&nbsp; 1419040 |
| 05/06/2045 | &nbsp;&nbsp; 3.875% | EUR | 1465000 | &nbsp;&nbsp; 1664027 |
| 05/15/2055 | &nbsp;&nbsp; 5.250% |  | 858000 | &nbsp;&nbsp; 832049 |
| 05/15/2065 | &nbsp;&nbsp; 5.300% |  | 477000 | &nbsp;&nbsp; 459140 |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% |  | 1015000 | &nbsp;&nbsp; 1059284 |
| Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. |
| 06/15/2028 | &nbsp;&nbsp; 4.250% |  | 5315000 | &nbsp;&nbsp; 5355651 |
| Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. |
| 08/21/2029 | &nbsp;&nbsp; 5.150% |  | 5539000 | &nbsp;&nbsp; 5666762 |
| Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. |
| 05/08/2032 | &nbsp;&nbsp; 4.750% |  | 3976000 | &nbsp;&nbsp; 4062532 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 04/15/2030 | &nbsp;&nbsp; 5.050% |  | 850000 | &nbsp;&nbsp; 875611 |
| 11/15/2031 | &nbsp;&nbsp; 5.150% |  | 756000 | &nbsp;&nbsp; 781464 |
| 04/15/2032 | &nbsp;&nbsp; 5.200% |  | 408000 | &nbsp;&nbsp; 421128 |
| 07/15/2032 | &nbsp;&nbsp; 4.900% |  | 17113000 | &nbsp;&nbsp; 17315148 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 10/15/2034 | &nbsp;&nbsp; 4.800% |  | 1114000 | &nbsp;&nbsp; 1101247 |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 2.450% |  | 1683000 | &nbsp;&nbsp; 1521144 |
| 11/15/2035 | &nbsp;&nbsp; 3.137% |  | 4561000 | &nbsp;&nbsp; 3854841 |
| 11/15/2036 | &nbsp;&nbsp; 3.187% |  | 1784000 | &nbsp;&nbsp; 1484250 |
| 05/15/2037 | &nbsp;&nbsp; 4.926% |  | 2474000 | &nbsp;&nbsp; 2404714 |
| Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. |
| 09/10/2029 | &nbsp;&nbsp; 4.300% |  | 1087000 | &nbsp;&nbsp; 1093192 |
| CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. |
| 12/01/2028 | &nbsp;&nbsp; 3.276% |  | 3880000 | &nbsp;&nbsp; 3739200 |
| 03/01/2030 | &nbsp;&nbsp; 5.100% |  | 700000 | &nbsp;&nbsp; 712284 |
| CGI, Inc.<sup>(a)</sup>  | CGI, Inc.<sup>(a)</sup>  | CGI, Inc.<sup>(a)</sup>  | CGI, Inc.<sup>(a)</sup>  | CGI, Inc.<sup>(a)</sup>  |
| 03/14/2030 | &nbsp;&nbsp; 4.950% |  | 5975000 | &nbsp;&nbsp; 6096087 |
| Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. |
| 02/26/2031 | &nbsp;&nbsp; 4.950% |  | 1062000 | &nbsp;&nbsp; 1099155 |
| 02/24/2032 | &nbsp;&nbsp; 4.950% |  | 1691000 | &nbsp;&nbsp; 1745554 |
| 02/24/2035 | &nbsp;&nbsp; 5.100% |  | 400000 | &nbsp;&nbsp; 409408 |
| 02/26/2054 | &nbsp;&nbsp; 5.300% |  | 1194000 | &nbsp;&nbsp; 1145298 |
| 02/24/2055 | &nbsp;&nbsp; 5.500% |  | 1250000 | &nbsp;&nbsp; 1233162 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 8.250% |  | 1355000 | &nbsp;&nbsp; 1448641 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% |  | 1475000 | &nbsp;&nbsp; 1363863 |
| Constellation Software, Inc.<sup>(a)</sup>  | Constellation Software, Inc.<sup>(a)</sup>  | Constellation Software, Inc.<sup>(a)</sup>  | Constellation Software, Inc.<sup>(a)</sup>  | Constellation Software, Inc.<sup>(a)</sup>  |
| 02/16/2029 | &nbsp;&nbsp; 5.158% |  | 951000 | &nbsp;&nbsp; 974237 |
| CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% |  | 1345000 | &nbsp;&nbsp; 1349599 |
| 02/01/2031 | &nbsp;&nbsp; 9.000% |  | 875000 | &nbsp;&nbsp; 866290 |
| DXC Technology Co. | DXC Technology Co. | DXC Technology Co. | DXC Technology Co. | DXC Technology Co. |
| 09/15/2028 | &nbsp;&nbsp; 2.375% |  | 5845000 | &nbsp;&nbsp; 5483810 |
| Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. |
| 06/01/2028 | &nbsp;&nbsp; 5.100% |  | 5695000 | &nbsp;&nbsp; 5821322 |
| 05/15/2030 | &nbsp;&nbsp; 3.100% |  | 2213000 | &nbsp;&nbsp; 2088423 |
| Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC |
| 11/22/2034 | &nbsp;&nbsp; 3.625% | EUR | 2185000 | &nbsp;&nbsp; 2485925 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| 03/15/2027 | &nbsp;&nbsp; 5.150% |  | 1120000 | &nbsp;&nbsp; 1134391 |
| 08/12/2034 | &nbsp;&nbsp; 5.150% |  | 437000 | &nbsp;&nbsp; 437931 |
| 08/11/2035 | &nbsp;&nbsp; 5.250% |  | 4010000 | &nbsp;&nbsp; 3995894 |
| Flex Ltd. | Flex Ltd. | Flex Ltd. | Flex Ltd. | Flex Ltd. |
| 01/15/2028 | &nbsp;&nbsp; 6.000% |  | 2560000 | &nbsp;&nbsp; 2649840 |
| 01/15/2032 | &nbsp;&nbsp; 5.250% |  | 1489000 | &nbsp;&nbsp; 1520825 |
| Fortress Intermediate 3, Inc.<sup>(a)</sup>  | Fortress Intermediate 3, Inc.<sup>(a)</sup>  | Fortress Intermediate 3, Inc.<sup>(a)</sup>  | Fortress Intermediate 3, Inc.<sup>(a)</sup>  | Fortress Intermediate 3, Inc.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.500% |  | 635000 | &nbsp;&nbsp; 668661 |
| Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  |
| 01/25/2030 | &nbsp;&nbsp; 5.900% |  | 533000 | &nbsp;&nbsp; 562547 |
| 01/25/2031 | &nbsp;&nbsp; 5.500% |  | 685000 | &nbsp;&nbsp; 710003 |
| 01/25/2034 | &nbsp;&nbsp; 5.875% |  | 418000 | &nbsp;&nbsp; 428840 |
| 01/25/2037 | &nbsp;&nbsp; 6.200% |  | 866000 | &nbsp;&nbsp; 910892 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 1.200% | 1319000 | &nbsp;&nbsp; 1297024 |
| 08/15/2052 | &nbsp;&nbsp; 5.950% | 125000 | &nbsp;&nbsp; 118939 |
| Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 8.750% | 546000 | &nbsp;&nbsp; 560869 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 10/15/2031 | &nbsp;&nbsp; 4.850% | 1536000 | &nbsp;&nbsp; 1547646 |
| 10/15/2054 | &nbsp;&nbsp; 5.600% | 2514000 | &nbsp;&nbsp; 2317589 |
| HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. |
| 06/17/2031 | &nbsp;&nbsp; 2.650% | 594000 | &nbsp;&nbsp; 533140 |
| IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. |
| 02/05/2031 | &nbsp;&nbsp; 4.750% | 1230000 | &nbsp;&nbsp; 1254138 |
| Imola Merger Corp.<sup>(a)</sup>  | Imola Merger Corp.<sup>(a)</sup>  | Imola Merger Corp.<sup>(a)</sup>  | Imola Merger Corp.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 1090000 | &nbsp;&nbsp; 1064139 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 11/15/2029 | &nbsp;&nbsp; 2.450% | 1256000 | &nbsp;&nbsp; 1157736 |
| 08/12/2041 | &nbsp;&nbsp; 2.800% | 506000 | &nbsp;&nbsp; 339307 |
| 12/08/2047 | &nbsp;&nbsp; 3.734% | 3425000 | &nbsp;&nbsp; 2385916 |
| 11/15/2049 | &nbsp;&nbsp; 3.250% | 2285000 | &nbsp;&nbsp; 1432630 |
| 08/12/2051 | &nbsp;&nbsp; 3.050% | 1204000 | &nbsp;&nbsp; 711971 |
| 02/10/2053 | &nbsp;&nbsp; 5.700% | 1431000 | &nbsp;&nbsp; 1314150 |
| 02/21/2054 | &nbsp;&nbsp; 5.600% | 80000 | &nbsp;&nbsp; 72609 |
| 08/12/2061 | &nbsp;&nbsp; 3.200% | 206000 | &nbsp;&nbsp; 115888 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 02/10/2030 | &nbsp;&nbsp; 4.800% | 1994000 | &nbsp;&nbsp; 2041756 |
| 02/10/2032 | &nbsp;&nbsp; 5.000% | 1143000 | &nbsp;&nbsp; 1171510 |
| 02/10/2035 | &nbsp;&nbsp; 5.200% | 939000 | &nbsp;&nbsp; 953664 |
| 02/10/2055 | &nbsp;&nbsp; 5.700% | 1650000 | &nbsp;&nbsp; 1619954 |
| Intuit, Inc. | Intuit, Inc. | Intuit, Inc. | Intuit, Inc. |
| 09/15/2028 | &nbsp;&nbsp; 5.125% | 464000 | &nbsp;&nbsp; 479529 |
| 09/15/2053 | &nbsp;&nbsp; 5.500% | 1655000 | &nbsp;&nbsp; 1622117 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 710000 | &nbsp;&nbsp; 725645 |
| Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. |
| 10/15/2028 | &nbsp;&nbsp; 2.700% | 2628000 | &nbsp;&nbsp; 2498265 |
| Leidos, Inc. | Leidos, Inc. | Leidos, Inc. | Leidos, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 2.300% | 845000 | &nbsp;&nbsp; 751406 |
| Marvell Technology, Inc. | Marvell Technology, Inc. | Marvell Technology, Inc. | Marvell Technology, Inc. |
| 02/15/2029 | &nbsp;&nbsp; 5.750% | 590000 | &nbsp;&nbsp; 615839 |
| Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. |
| 02/15/2030 | &nbsp;&nbsp; 5.050% | 3045000 | &nbsp;&nbsp; 3106656 |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| 11/01/2029 | &nbsp;&nbsp; 6.750% | 3575000 | &nbsp;&nbsp; 3878846 |
| 01/15/2035 | &nbsp;&nbsp; 5.800% | 3669000 | &nbsp;&nbsp; 3792799 |
| Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 690000 | &nbsp;&nbsp; 705692 |
| 08/15/2035 | &nbsp;&nbsp; 5.550% | 885000 | &nbsp;&nbsp; 912195 |
| MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 3.625% | 1601000 | &nbsp;&nbsp; 1526565 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 1994000 | &nbsp;&nbsp; 2162372 |
| NetApp, Inc. | NetApp, Inc. | NetApp, Inc. | NetApp, Inc. |
| 03/17/2032 | &nbsp;&nbsp; 5.500% | 822000 | &nbsp;&nbsp; 850994 |
| NXP BV/Funding LLC | NXP BV/Funding LLC | NXP BV/Funding LLC | NXP BV/Funding LLC |
| 03/01/2026 | &nbsp;&nbsp; 5.350% | 868000 | &nbsp;&nbsp; 869263 |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 08/19/2028 | &nbsp;&nbsp; 4.300% | 2800000 | &nbsp;&nbsp; 2805654 |
| 05/01/2030 | &nbsp;&nbsp; 3.400% | 237000 | &nbsp;&nbsp; 226773 |
| Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  |
| 12/01/2027 | &nbsp;&nbsp; 6.900% | 650000 | &nbsp;&nbsp; 674988 |
| Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 4.125% | 1575000 | &nbsp;&nbsp; 1450735 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 11/15/2027 | &nbsp;&nbsp; 3.250% | 1978000 | &nbsp;&nbsp; 1939388 |
| 03/25/2028 | &nbsp;&nbsp; 2.300% | 741000 | &nbsp;&nbsp; 707680 |
| 08/03/2028 | &nbsp;&nbsp; 4.800% | 2785000 | &nbsp;&nbsp; 2836290 |
| 04/01/2030 | &nbsp;&nbsp; 2.950% | 666000 | &nbsp;&nbsp; 626713 |
| 11/15/2037 | &nbsp;&nbsp; 3.800% | 1207000 | &nbsp;&nbsp; 1028329 |
| 09/27/2054 | &nbsp;&nbsp; 5.375% | 1748000 | &nbsp;&nbsp; 1555510 |
| 05/15/2055 | &nbsp;&nbsp; 4.375% | 15000 | &nbsp;&nbsp; 11400 |
| 08/03/2055 | &nbsp;&nbsp; 6.000% | 1740000 | &nbsp;&nbsp; 1695825 |
| 04/01/2060 | &nbsp;&nbsp; 3.850% | 165000 | &nbsp;&nbsp; 110500 |
| 09/27/2064 | &nbsp;&nbsp; 5.500% | 728000 | &nbsp;&nbsp; 644895 |
| 08/03/2065 | &nbsp;&nbsp; 6.125% | 560000 | &nbsp;&nbsp; 543417 |
| Panasonic Holdings Corp.<sup>(a)</sup>  | Panasonic Holdings Corp.<sup>(a)</sup>  | Panasonic Holdings Corp.<sup>(a)</sup>  | Panasonic Holdings Corp.<sup>(a)</sup>  |
| 07/16/2034 | &nbsp;&nbsp; 5.302% | 748000 | &nbsp;&nbsp; 769967 |
| QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. |
| 05/20/2032 | &nbsp;&nbsp; 4.750% | 913000 | &nbsp;&nbsp; 928964 |
| 05/20/2035 | &nbsp;&nbsp; 5.000% | 5290000 | &nbsp;&nbsp; 5340374 |
| 05/20/2053 | &nbsp;&nbsp; 6.000% | 1477000 | &nbsp;&nbsp; 1543131 |
| Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. |
| 09/15/2028 | &nbsp;&nbsp; 4.250% | 1460000 | &nbsp;&nbsp; 1465394 |
| S&P Global, Inc. | S&P Global, Inc. | S&P Global, Inc. | S&P Global, Inc. |
| 03/01/2029 | &nbsp;&nbsp; 2.700% | 778000 | &nbsp;&nbsp; 744001 |
| 08/15/2030 | &nbsp;&nbsp; 1.250% | 409000 | &nbsp;&nbsp; 355701 |
| Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.625% | 500000 | &nbsp;&nbsp; 516437 |
| Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. |
| 04/01/2032 | &nbsp;&nbsp; 5.000% | 846000 | &nbsp;&nbsp; 862729 |
| Teledyne FLIR LLC | Teledyne FLIR LLC | Teledyne FLIR LLC | Teledyne FLIR LLC |
| 08/01/2030 | &nbsp;&nbsp; 2.500% | 2213000 | &nbsp;&nbsp; 2023340 |
| Tyco Electronics Group SA | Tyco Electronics Group SA | Tyco Electronics Group SA | Tyco Electronics Group SA |
| 02/01/2030 | &nbsp;&nbsp; 4.625% | 4870000 | &nbsp;&nbsp; 4958043 |
| VMware, Inc. | VMware, Inc. | VMware, Inc. | VMware, Inc. |
| 08/15/2026 | &nbsp;&nbsp; 1.400% | 1183000 | &nbsp;&nbsp; 1150226 |
| Western Union Co. (The) | Western Union Co. (The) | Western Union Co. (The) | Western Union Co. (The) |
| 03/15/2026 | &nbsp;&nbsp; 1.350% | 140000 | &nbsp;&nbsp; 137556 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 10.250% |  | 960000 | &nbsp;&nbsp; 996836 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **191316341** |
| **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 11/01/2028 | &nbsp;&nbsp; 6.200% |  | 916000 | &nbsp;&nbsp; 967801 |
| 05/06/2030 | &nbsp;&nbsp; 3.400% |  | 1280000 | &nbsp;&nbsp; 1226459 |
| BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.557% |  | 375000 | &nbsp;&nbsp; 370037 |
| 03/25/2028 | &nbsp;&nbsp; 2.259% |  | 1930000 | &nbsp;&nbsp; 1838025 |
| 02/20/2031 | &nbsp;&nbsp; 5.834% |  | 405000 | &nbsp;&nbsp; 428382 |
| 03/25/2031 | &nbsp;&nbsp; 2.726% |  | 15000 | &nbsp;&nbsp; 13652 |
| 08/15/2037 | &nbsp;&nbsp; 4.390% |  | 1210000 | &nbsp;&nbsp; 1090690 |
| 08/02/2043 | &nbsp;&nbsp; 7.079% |  | 261000 | &nbsp;&nbsp; 288572 |
| BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC |
| 03/16/2028 | &nbsp;&nbsp; 4.448% |  | 8000000 | &nbsp;&nbsp; 8030400 |
| 02/02/2029 | &nbsp;&nbsp; 5.931% |  | 2973000 | &nbsp;&nbsp; 3122760 |
| Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  |
| 06/30/2028 | &nbsp;&nbsp; 4.500% |  | 4630000 | &nbsp;&nbsp; 4655233 |
| 02/01/2030 | &nbsp;&nbsp; 5.500% |  | 1474000 | &nbsp;&nbsp; 1527517 |
| 07/01/2034 | &nbsp;&nbsp; 5.875% |  | 734000 | &nbsp;&nbsp; 757916 |
| Japan Tobacco, Inc.<sup>(a)</sup>  | Japan Tobacco, Inc.<sup>(a)</sup>  | Japan Tobacco, Inc.<sup>(a)</sup>  | Japan Tobacco, Inc.<sup>(a)</sup>  | Japan Tobacco, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 5.250% |  | 788000 | &nbsp;&nbsp; 816667 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 02/13/2029 | &nbsp;&nbsp; 4.875% |  | 1097000 | &nbsp;&nbsp; 1120024 |
| 06/06/2029 | &nbsp;&nbsp; 2.750% | EUR | 685000 | &nbsp;&nbsp; 798043 |
| 09/07/2030 | &nbsp;&nbsp; 5.500% |  | 2295000 | &nbsp;&nbsp; 2417030 |
| 11/01/2031 | &nbsp;&nbsp; 4.750% |  | 1044000 | &nbsp;&nbsp; 1058512 |
| 09/07/2033 | &nbsp;&nbsp; 5.625% |  | 10000000 | &nbsp;&nbsp; 10486580 |
| Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. |
| 08/15/2035 | &nbsp;&nbsp; 5.700% |  | 6525000 | &nbsp;&nbsp; 6712996 |
| 09/15/2043 | &nbsp;&nbsp; 6.150% |  | 151000 | &nbsp;&nbsp; 151922 |
| 08/15/2045 | &nbsp;&nbsp; 5.850% |  | 424000 | &nbsp;&nbsp; 409235 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **48288453** |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| Dcli Bidco LLC<sup>(a)</sup>  | Dcli Bidco LLC<sup>(a)</sup>  | Dcli Bidco LLC<sup>(a)</sup>  | Dcli Bidco LLC<sup>(a)</sup>  | Dcli Bidco LLC<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 7.750% |  | 3115000 | &nbsp;&nbsp; 3190084 |
| Element Fleet Management Corp.<sup>(a)</sup>  | Element Fleet Management Corp.<sup>(a)</sup>  | Element Fleet Management Corp.<sup>(a)</sup>  | Element Fleet Management Corp.<sup>(a)</sup>  | Element Fleet Management Corp.<sup>(a)</sup>  |
| 03/13/2027 | &nbsp;&nbsp; 5.643% |  | 1880000 | &nbsp;&nbsp; 1915088 |
| 03/25/2030 | &nbsp;&nbsp; 5.037% |  | 1670000 | &nbsp;&nbsp; 1700586 |
| FedEx Corp.<sup>(a)</sup>  | FedEx Corp.<sup>(a)</sup>  | FedEx Corp.<sup>(a)</sup>  | FedEx Corp.<sup>(a)</sup>  | FedEx Corp.<sup>(a)</sup>  |
| 04/01/2046 | &nbsp;&nbsp; 4.550% |  | 87000 | &nbsp;&nbsp; 70982 |
| FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust |
| Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA |
| 02/20/2034 | &nbsp;&nbsp; 1.875% |  | 372912 | &nbsp;&nbsp; 323688 |
| Gatwick Funding Ltd.<sup>(a)</sup>  | Gatwick Funding Ltd.<sup>(a)</sup>  | Gatwick Funding Ltd.<sup>(a)</sup>  | Gatwick Funding Ltd.<sup>(a)</sup>  | Gatwick Funding Ltd.<sup>(a)</sup>  |
| 10/16/2033 | &nbsp;&nbsp; 3.625% | EUR | 330000 | &nbsp;&nbsp; 386021 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GN Bondco LLC<sup>(a)</sup>  | GN Bondco LLC<sup>(a)</sup>  | GN Bondco LLC<sup>(a)</sup>  | GN Bondco LLC<sup>(a)</sup>  | GN Bondco LLC<sup>(a)</sup>  |
| 10/15/2031 | &nbsp;&nbsp; 9.500% |  | 8364000 | &nbsp;&nbsp; 8906883 |
| GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. |
| 05/06/2029 | &nbsp;&nbsp; 6.250% |  | 377000 | &nbsp;&nbsp; 395316 |
| Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  |
| 10/08/2030 | &nbsp;&nbsp; 1.125% | EUR | 2325000 | &nbsp;&nbsp; 2459250 |
| 01/16/2036 | &nbsp;&nbsp; 3.875% | EUR | 920000 | &nbsp;&nbsp; 1066427 |
| JB Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc. |
| 03/15/2030 | &nbsp;&nbsp; 4.900% |  | 1885000 | &nbsp;&nbsp; 1929357 |
| Penske Truck Leasing Co. LP<sup>(a)</sup>  | Penske Truck Leasing Co. LP<sup>(a)</sup>  | Penske Truck Leasing Co. LP<sup>(a)</sup>  | Penske Truck Leasing Co. LP<sup>(a)</sup>  | Penske Truck Leasing Co. LP<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.250% |  | 1433000 | &nbsp;&nbsp; 1474224 |
| Penske Truck Leasing Co. LP/Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(a)</sup>  |
| 11/15/2025 | &nbsp;&nbsp; 1.200% |  | 691000 | &nbsp;&nbsp; 686159 |
| 03/30/2029 | &nbsp;&nbsp; 5.350% |  | 2707000 | &nbsp;&nbsp; 2790044 |
| Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(a)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(a)</sup>  |
| 06/15/2026 | &nbsp;&nbsp; 1.700% |  | 1015000 | &nbsp;&nbsp; 993104 |
| 02/01/2030 | &nbsp;&nbsp; 5.250% |  | 1344000 | &nbsp;&nbsp; 1386611 |
| Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. |
| 06/01/2028 | &nbsp;&nbsp; 5.250% |  | 699000 | &nbsp;&nbsp; 718014 |
| 03/15/2029 | &nbsp;&nbsp; 5.375% |  | 126000 | &nbsp;&nbsp; 130278 |
| 06/01/2029 | &nbsp;&nbsp; 5.500% |  | 917000 | &nbsp;&nbsp; 955551 |
| 09/01/2029 | &nbsp;&nbsp; 4.950% |  | 649000 | &nbsp;&nbsp; 663441 |
| 03/15/2030 | &nbsp;&nbsp; 5.000% |  | 2439000 | &nbsp;&nbsp; 2496684 |
| 12/01/2033 | &nbsp;&nbsp; 6.600% |  | 625000 | &nbsp;&nbsp; 691901 |
| Star Leasing Co LLC<sup>(a)</sup>  | Star Leasing Co LLC<sup>(a)</sup>  | Star Leasing Co LLC<sup>(a)</sup>  | Star Leasing Co LLC<sup>(a)</sup>  | Star Leasing Co LLC<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.625% |  | 2865000 | &nbsp;&nbsp; 2833327 |
| United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. |
| 05/14/2055 | &nbsp;&nbsp; 5.950% |  | 1147000 | &nbsp;&nbsp; 1160980 |
| 05/14/2065 | &nbsp;&nbsp; 6.050% |  | 537000 | &nbsp;&nbsp; 543579 |
| XPO, Inc.<sup>(a)</sup>  | XPO, Inc.<sup>(a)</sup>  | XPO, Inc.<sup>(a)</sup>  | XPO, Inc.<sup>(a)</sup>  | XPO, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 6.250% |  | 575000 | &nbsp;&nbsp; 585881 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **40453460** |
| **Treasury 0.1%** | **Treasury 0.1%** | **Treasury 0.1%** | **Treasury 0.1%** | **Treasury 0.1%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 07/02/2032 | &nbsp;&nbsp; 5.850% |  | 6711000 | &nbsp;&nbsp; 6850737 |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 09/16/2030 | &nbsp;&nbsp; 5.750% |  | 3620000 | &nbsp;&nbsp; 3651894 |
| 05/16/2036 | &nbsp;&nbsp; 6.625% |  | 7140000 | &nbsp;&nbsp; 7128268 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **17630899** |
| **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.650% |  | 562000 | &nbsp;&nbsp; 557652 |
| 08/15/2029 | &nbsp;&nbsp; 3.800% |  | 2820000 | &nbsp;&nbsp; 2761998 |
| 04/15/2031 | &nbsp;&nbsp; 2.700% |  | 555000 | &nbsp;&nbsp; 503448 |
| 09/15/2031 | &nbsp;&nbsp; 2.300% |  | 477000 | &nbsp;&nbsp; 419862 |
| Crown Castle Inc | Crown Castle Inc | Crown Castle Inc | Crown Castle Inc | Crown Castle Inc |
| 03/01/2034 | &nbsp;&nbsp; 5.800% |  | 395000 | &nbsp;&nbsp; 412185 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. |
| 07/15/2026 | &nbsp;&nbsp; 1.050% |  | 330000 | &nbsp;&nbsp; 320686 |
| 03/15/2027 | &nbsp;&nbsp; 2.900% |  | 562000 | &nbsp;&nbsp; 550429 |
| 07/01/2030 | &nbsp;&nbsp; 3.300% |  | 2213000 | &nbsp;&nbsp; 2090149 |
| 04/01/2031 | &nbsp;&nbsp; 2.100% |  | 606000 | &nbsp;&nbsp; 528287 |
| 07/15/2031 | &nbsp;&nbsp; 2.500% |  | 4286000 | &nbsp;&nbsp; 3793587 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| 09/01/2028 | &nbsp;&nbsp; 4.800% |  | 1321000 | &nbsp;&nbsp; 1336150 |
| 06/01/2029 | &nbsp;&nbsp; 5.600% |  | 4400000 | &nbsp;&nbsp; 4571435 |
| 09/01/2029 | &nbsp;&nbsp; 4.900% |  | 1399000 | &nbsp;&nbsp; 1417147 |
| 05/01/2033 | &nbsp;&nbsp; 5.100% |  | 222000 | &nbsp;&nbsp; 222655 |
| Digicel Group Holdings Ltd.<sup>(a),(h),(i),(l)</sup>  | Digicel Group Holdings Ltd.<sup>(a),(h),(i),(l)</sup>  | Digicel Group Holdings Ltd.<sup>(a),(h),(i),(l)</sup>  | Digicel Group Holdings Ltd.<sup>(a),(h),(i),(l)</sup>  | Digicel Group Holdings Ltd.<sup>(a),(h),(i),(l)</sup>  |
| 12/31/2030 | &nbsp;&nbsp; 0.000% |  | 51721 | &nbsp;&nbsp; 5224 |
| 12/31/2030 | &nbsp;&nbsp; 0.000% |  | 17820 | &nbsp;&nbsp; 118 |
| Digicel International Finance Ltd./DIFL US LLC<sup>(a)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(a)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(a)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(a)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 8.625% |  | 3430000 | &nbsp;&nbsp; 3513291 |
| Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  |
| 10/07/2030 | &nbsp;&nbsp; 1.375% | EUR | 1555000 | &nbsp;&nbsp; 1729504 |
| Sitios Latinoamerica SAB de CV<sup>(a)</sup>  | Sitios Latinoamerica SAB de CV<sup>(a)</sup>  | Sitios Latinoamerica SAB de CV<sup>(a)</sup>  | Sitios Latinoamerica SAB de CV<sup>(a)</sup>  | Sitios Latinoamerica SAB de CV<sup>(a)</sup>  |
| 11/25/2029 | &nbsp;&nbsp; 6.000% |  | 3145000 | &nbsp;&nbsp; 3253906 |
| SoftBank Corp.<sup>(a)</sup>  | SoftBank Corp.<sup>(a)</sup>  | SoftBank Corp.<sup>(a)</sup>  | SoftBank Corp.<sup>(a)</sup>  | SoftBank Corp.<sup>(a)</sup>  |
| 07/09/2030 | &nbsp;&nbsp; 4.699% |  | 5450000 | &nbsp;&nbsp; 5490931 |
| Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
| 11/15/2028 | &nbsp;&nbsp; 6.875% |  | 2328000 | &nbsp;&nbsp; 2504087 |
| 03/15/2032 | &nbsp;&nbsp; 8.750% |  | 1775000 | &nbsp;&nbsp; 2152983 |
| Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  |
| 03/20/2028 | &nbsp;&nbsp; 5.152% |  | 4551250 | &nbsp;&nbsp; 4579463 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 02/15/2026 | &nbsp;&nbsp; 2.250% |  | 81000 | &nbsp;&nbsp; 80157 |
| 04/15/2027 | &nbsp;&nbsp; 3.750% |  | 3514000 | &nbsp;&nbsp; 3490640 |
| 02/01/2028 | &nbsp;&nbsp; 4.750% |  | 961000 | &nbsp;&nbsp; 962949 |
| 02/15/2028 | &nbsp;&nbsp; 2.050% |  | 607000 | &nbsp;&nbsp; 577618 |
| 02/15/2029 | &nbsp;&nbsp; 2.625% |  | 432000 | &nbsp;&nbsp; 409428 |
| 04/15/2029 | &nbsp;&nbsp; 3.375% |  | 3673000 | &nbsp;&nbsp; 3558872 |
| 04/15/2030 | &nbsp;&nbsp; 3.875% |  | 4217000 | &nbsp;&nbsp; 4129659 |
| 04/15/2031 | &nbsp;&nbsp; 3.500% |  | 2251000 | &nbsp;&nbsp; 2130801 |
| 07/15/2033 | &nbsp;&nbsp; 5.050% |  | 4690000 | &nbsp;&nbsp; 4739004 |
| 01/15/2035 | &nbsp;&nbsp; 4.700% |  | 2180000 | &nbsp;&nbsp; 2111997 |
| 04/15/2040 | &nbsp;&nbsp; 4.375% |  | 1010000 | &nbsp;&nbsp; 896032 |
| 02/15/2041 | &nbsp;&nbsp; 3.000% |  | 3950000 | &nbsp;&nbsp; 2885322 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 05/15/2035 | &nbsp;&nbsp; 5.300% |  | 1084000 | &nbsp;&nbsp; 1094344 |
| 11/15/2055 | &nbsp;&nbsp; 5.875% |  | 1033000 | &nbsp;&nbsp; 1018536 |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 4.750% |  | 730000 | &nbsp;&nbsp; 682576 |
| Vodafone Group PLC | Vodafone Group PLC | Vodafone Group PLC | Vodafone Group PLC | Vodafone Group PLC |
| 06/28/2064 | &nbsp;&nbsp; 5.875% |  | 890000 | &nbsp;&nbsp; 855147 |
| Zegona Finance PLC<sup>(a)</sup>  | Zegona Finance PLC<sup>(a)</sup>  | Zegona Finance PLC<sup>(a)</sup>  | Zegona Finance PLC<sup>(a)</sup>  | Zegona Finance PLC<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 8.625% |  | 1726000 | &nbsp;&nbsp; 1839128 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **74177387** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Wirelines 0.3%** | **Wirelines 0.3%** | **Wirelines 0.3%** | **Wirelines 0.3%** |
| Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 9.625% | 325000 | &nbsp;&nbsp; 302649 |
| 01/15/2028 | &nbsp;&nbsp; 5.000% | 271000 | &nbsp;&nbsp; 221214 |
| 08/15/2029 | &nbsp;&nbsp; 5.750% | 684000 | &nbsp;&nbsp; 542271 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 02/01/2032 | &nbsp;&nbsp; 2.250% | 7580000 | &nbsp;&nbsp; 6563287 |
| 05/15/2035 | &nbsp;&nbsp; 4.500% | 98000 | &nbsp;&nbsp; 93618 |
| 08/15/2037 | &nbsp;&nbsp; 4.900% | 319000 | &nbsp;&nbsp; 306899 |
| 09/15/2055 | &nbsp;&nbsp; 3.550% | 4480000 | &nbsp;&nbsp; 2978188 |
| 08/15/2056 | &nbsp;&nbsp; 6.050% | 957000 | &nbsp;&nbsp; 962677 |
| 12/01/2057 | &nbsp;&nbsp; 3.800% | 350000 | &nbsp;&nbsp; 240764 |
| 09/15/2059 | &nbsp;&nbsp; 3.650% | 1706000 | &nbsp;&nbsp; 1127617 |
| Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 7.000% | 355000 | &nbsp;&nbsp; 353783 |
| Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  |
| 03/01/2027 | &nbsp;&nbsp; 4.000% | 265000 | &nbsp;&nbsp; 256569 |
| Frontier Communications Corp.<sup>(a)</sup>  | Frontier Communications Corp.<sup>(a)</sup>  | Frontier Communications Corp.<sup>(a)</sup>  | Frontier Communications Corp.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.000% | 3025000 | &nbsp;&nbsp; 3018180 |
| Frontier Communications Holdings LLC | Frontier Communications Holdings LLC | Frontier Communications Holdings LLC | Frontier Communications Holdings LLC |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 1775000 | &nbsp;&nbsp; 1791282 |
| GCI LLC<sup>(a)</sup>  | GCI LLC<sup>(a)</sup>  | GCI LLC<sup>(a)</sup>  | GCI LLC<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 1110000 | &nbsp;&nbsp; 1080879 |
| Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.875% | 225000 | &nbsp;&nbsp; 210565 |
| 04/01/2030 | &nbsp;&nbsp; 4.500% | 1150000 | &nbsp;&nbsp; 1032242 |
| 10/15/2032 | &nbsp;&nbsp; 10.000% | 1775000 | &nbsp;&nbsp; 1782330 |
| 06/30/2033 | &nbsp;&nbsp; 6.875% | 1620000 | &nbsp;&nbsp; 1636685 |
| 03/31/2034 | &nbsp;&nbsp; 7.000% | 2470000 | &nbsp;&nbsp; 2486071 |
| Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  |
| 12/31/2032 | &nbsp;&nbsp; 11.125% | 1841500 | &nbsp;&nbsp; 1797769 |
| Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 10.500% | 3825000 | &nbsp;&nbsp; 4024618 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 01/20/2031 | &nbsp;&nbsp; 1.750% | 383000 | &nbsp;&nbsp; 333985 |
| 03/21/2031 | &nbsp;&nbsp; 2.550% | 380000 | &nbsp;&nbsp; 344612 |
| 03/15/2032 | &nbsp;&nbsp; 2.355% | 4793000 | &nbsp;&nbsp; 4160333 |
| 11/01/2034 | &nbsp;&nbsp; 4.400% | 1015000 | &nbsp;&nbsp; 967993 |
| 02/15/2035 | &nbsp;&nbsp; 4.780% | 1680000 | &nbsp;&nbsp; 1637281 |
| Verizon Communications, Inc.<sup>(a)</sup>  | Verizon Communications, Inc.<sup>(a)</sup>  | Verizon Communications, Inc.<sup>(a)</sup>  | Verizon Communications, Inc.<sup>(a)</sup>  |
| 07/02/2037 | &nbsp;&nbsp; 5.401% | 504000 | &nbsp;&nbsp; 505911 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **40760272** |
| Total Corporate Bonds & Notes <br>(Cost $3,518,735,570) | Total Corporate Bonds & Notes <br>(Cost $3,518,735,570) | Total Corporate Bonds & Notes <br>(Cost $3,518,735,570) | &nbsp;&nbsp; **3506932627** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **1.3%** | **Foreign Government Obligations**<sup>(f),(q)</sup> **1.3%** | **Foreign Government Obligations**<sup>(f),(q)</sup> **1.3%** | **Foreign Government Obligations**<sup>(f),(q)</sup> **1.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Australia 0.0%** | **Australia 0.0%** | **Australia 0.0%** | **Australia 0.0%** |
| NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  |
| 05/05/2026 | &nbsp;&nbsp; 1.450% | 581000 | &nbsp;&nbsp; 570079 |
| 01/08/2027 | &nbsp;&nbsp; 1.625% | 1030000 | &nbsp;&nbsp; 996541 |
| 01/08/2032 | &nbsp;&nbsp; 2.500% | 624000 | &nbsp;&nbsp; 550240 |
| 10/06/2033 | &nbsp;&nbsp; 6.000% | 704000 | &nbsp;&nbsp; 758508 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2875368** |
| **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** |
| Bermuda Government International Bond<sup>(a)</sup>  | Bermuda Government International Bond<sup>(a)</sup>  | Bermuda Government International Bond<sup>(a)</sup>  | Bermuda Government International Bond<sup>(a)</sup>  |
| 08/20/2030 | &nbsp;&nbsp; 2.375% | 1105000 | &nbsp;&nbsp; 996345 |
| **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** |
| Brazil Minas SPE via State of Minas Gerais<sup>(a)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(a)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(a)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 5.333% | 600000 | &nbsp;&nbsp; 595624 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 01/22/2032 | &nbsp;&nbsp; 6.125% | 500000 | &nbsp;&nbsp; 517403 |
| 10/20/2033 | &nbsp;&nbsp; 6.000% | 350000 | &nbsp;&nbsp; 352591 |
| 03/15/2034 | &nbsp;&nbsp; 6.125% | 2675000 | &nbsp;&nbsp; 2694424 |
| 03/15/2035 | &nbsp;&nbsp; 6.625% | 1850000 | &nbsp;&nbsp; 1892947 |
| 05/13/2054 | &nbsp;&nbsp; 7.125% | 1175000 | &nbsp;&nbsp; 1142835 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7195824** |
| **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** |
| Antares Holdings LP<sup>(a)</sup>  | Antares Holdings LP<sup>(a)</sup>  | Antares Holdings LP<sup>(a)</sup>  | Antares Holdings LP<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 3.750% | 2130000 | &nbsp;&nbsp; 2068870 |
| 10/23/2029 | &nbsp;&nbsp; 6.350% | 2000000 | &nbsp;&nbsp; 2033601 |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 7.000% | 770000 | &nbsp;&nbsp; 809486 |
| Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia |
| 09/01/2036 | &nbsp;&nbsp; 7.250% | 2000000 | &nbsp;&nbsp; 2419193 |
| Province of Manitoba | Province of Manitoba | Province of Manitoba | Province of Manitoba |
| 06/22/2026 | &nbsp;&nbsp; 2.125% | 300000 | &nbsp;&nbsp; 295382 |
| Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  |
| 03/02/2026 | &nbsp;&nbsp; 7.485% | 230000 | &nbsp;&nbsp; 233090 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7859622** |
| **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** |
| Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  |
| 01/13/2035 | &nbsp;&nbsp; 6.330% | 1600000 | &nbsp;&nbsp; 1675228 |
| 01/13/2055 | &nbsp;&nbsp; 6.780% | 1486000 | &nbsp;&nbsp; 1534833 |
| Corp. Nacional del Cobre de Chile<sup>(a)</sup>  | Corp. Nacional del Cobre de Chile<sup>(a)</sup>  | Corp. Nacional del Cobre de Chile<sup>(a)</sup>  | Corp. Nacional del Cobre de Chile<sup>(a)</sup>  |
| 01/08/2034 | &nbsp;&nbsp; 5.950% | 1925000 | &nbsp;&nbsp; 1976004 |
| Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  |
| 02/02/2033 | &nbsp;&nbsp; 5.125% | 850000 | &nbsp;&nbsp; 836217 |
| 01/26/2036 | &nbsp;&nbsp; 6.440% | 2150000 | &nbsp;&nbsp; 2269061 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8291343** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 03/15/2029 | &nbsp;&nbsp; 4.500% |  | 250000 | &nbsp;&nbsp; 243473 |
| 04/25/2035 | &nbsp;&nbsp; 8.500% |  | 1575000 | &nbsp;&nbsp; 1709398 |
| 11/14/2035 | &nbsp;&nbsp; 8.000% |  | 1862000 | &nbsp;&nbsp; 1959490 |
| 11/07/2036 | &nbsp;&nbsp; 7.750% |  | 525000 | &nbsp;&nbsp; 537547 |
| 11/14/2053 | &nbsp;&nbsp; 8.750% |  | 2000000 | &nbsp;&nbsp; 2112115 |
| 11/07/2054 | &nbsp;&nbsp; 8.375% |  | 1150000 | &nbsp;&nbsp; 1166965 |
| Ecopetrol SA | Ecopetrol SA | Ecopetrol SA | Ecopetrol SA | Ecopetrol SA |
| 01/19/2029 | &nbsp;&nbsp; 8.625% |  | 4080000 | &nbsp;&nbsp; 4419899 |
| 04/29/2030 | &nbsp;&nbsp; 6.875% |  | 750000 | &nbsp;&nbsp; 762529 |
| 11/02/2031 | &nbsp;&nbsp; 4.625% |  | 212000 | &nbsp;&nbsp; 185908 |
| 01/19/2036 | &nbsp;&nbsp; 8.375% |  | 3270000 | &nbsp;&nbsp; 3310308 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **16407632** |
| **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** |
| Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  |
| 04/03/2034 | &nbsp;&nbsp; 6.550% |  | 1000000 | &nbsp;&nbsp; 1056884 |
| **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** |
| Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  |
| 07/19/2028 | &nbsp;&nbsp; 6.000% |  | 1400000 | &nbsp;&nbsp; 1434855 |
| 02/22/2029 | &nbsp;&nbsp; 5.500% |  | 4515000 | &nbsp;&nbsp; 4555543 |
| 03/15/2037 | &nbsp;&nbsp; 6.950% |  | 2800000 | &nbsp;&nbsp; 2920036 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **8910434** |
| **France 0.0%** | **France 0.0%** | **France 0.0%** | **France 0.0%** | **France 0.0%** |
| Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  |
| 06/17/2044 | &nbsp;&nbsp; 4.750% | EUR | 1500000 | &nbsp;&nbsp; 1740057 |
| **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** |
| EMD Finance LLC<sup>(a)</sup>  | EMD Finance LLC<sup>(a)</sup>  | EMD Finance LLC<sup>(a)</sup>  | EMD Finance LLC<sup>(a)</sup>  | EMD Finance LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 4.625% |  | 1357000 | &nbsp;&nbsp; 1347214 |
| **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** |
| Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  |
| 08/10/2029 | &nbsp;&nbsp; 5.250% |  | 450000 | &nbsp;&nbsp; 453455 |
| 08/06/2031 | &nbsp;&nbsp; 6.050% |  | 1650000 | &nbsp;&nbsp; 1708458 |
| 10/07/2033 | &nbsp;&nbsp; 3.700% |  | 794000 | &nbsp;&nbsp; 692136 |
| 02/06/2037 | &nbsp;&nbsp; 6.550% |  | 800000 | &nbsp;&nbsp; 830633 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3684682** |
| **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/22/2031 | &nbsp;&nbsp; 2.125% |  | 977000 | &nbsp;&nbsp; 830764 |
| MVM Energetika Zrt<sup>(a)</sup>  | MVM Energetika Zrt<sup>(a)</sup>  | MVM Energetika Zrt<sup>(a)</sup>  | MVM Energetika Zrt<sup>(a)</sup>  | MVM Energetika Zrt<sup>(a)</sup>  |
| 03/13/2031 | &nbsp;&nbsp; 6.500% |  | 423000 | &nbsp;&nbsp; 442812 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1273576** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **India 0.0%** | **India 0.0%** | **India 0.0%** | **India 0.0%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 08/05/2026 | &nbsp;&nbsp; 3.375% | 860000 | &nbsp;&nbsp; 852128 |
| 02/01/2028 | &nbsp;&nbsp; 3.875% | 1025000 | &nbsp;&nbsp; 1014515 |
| 01/13/2031 | &nbsp;&nbsp; 2.250% | 1030000 | &nbsp;&nbsp; 924109 |
| Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  |
| 01/21/2032 | &nbsp;&nbsp; 3.570% | 1110000 | &nbsp;&nbsp; 1049658 |
| Power Finance Corp., Ltd.<sup>(a)</sup>  | Power Finance Corp., Ltd.<sup>(a)</sup>  | Power Finance Corp., Ltd.<sup>(a)</sup>  | Power Finance Corp., Ltd.<sup>(a)</sup>  |
| 12/06/2028 | &nbsp;&nbsp; 6.150% | 546000 | &nbsp;&nbsp; 573957 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4414367** |
| **Indonesia 0.0%** | **Indonesia 0.0%** | **Indonesia 0.0%** | **Indonesia 0.0%** |
| Freeport Indonesia PT<sup>(a)</sup>  | Freeport Indonesia PT<sup>(a)</sup>  | Freeport Indonesia PT<sup>(a)</sup>  | Freeport Indonesia PT<sup>(a)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 5.315% | 545000 | &nbsp;&nbsp; 555623 |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| 09/10/2034 | &nbsp;&nbsp; 4.750% | 560000 | &nbsp;&nbsp; 555366 |
| Indonesia Government International Bond<sup>(a)</sup>  | Indonesia Government International Bond<sup>(a)</sup>  | Indonesia Government International Bond<sup>(a)</sup>  | Indonesia Government International Bond<sup>(a)</sup>  |
| 01/17/2038 | &nbsp;&nbsp; 7.750% | 1000000 | &nbsp;&nbsp; 1228746 |
| Perusahaan Penerbit SBSN Indonesia III<sup>(a)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(a)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(a)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(a)</sup>  |
| 06/23/2030 | &nbsp;&nbsp; 2.800% | 1000000 | &nbsp;&nbsp; 931042 |
| PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  |
| 08/25/2030 | &nbsp;&nbsp; 3.100% | 1424000 | &nbsp;&nbsp; 1332967 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4603744** |
| **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** |
| Israel Electric Corp., Ltd.<sup>(a)</sup>  | Israel Electric Corp., Ltd.<sup>(a)</sup>  | Israel Electric Corp., Ltd.<sup>(a)</sup>  | Israel Electric Corp., Ltd.<sup>(a)</sup>  |
| 08/14/2028 | &nbsp;&nbsp; 4.250% | 2200000 | &nbsp;&nbsp; 2163364 |
| Israel Government International Bond | Israel Government International Bond | Israel Government International Bond | Israel Government International Bond |
| 02/19/2030 | &nbsp;&nbsp; 5.375% | 2500000 | &nbsp;&nbsp; 2566409 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4729773** |
| **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** |
| Cassa Depositi e Prestiti SpA<sup>(a)</sup>  | Cassa Depositi e Prestiti SpA<sup>(a)</sup>  | Cassa Depositi e Prestiti SpA<sup>(a)</sup>  | Cassa Depositi e Prestiti SpA<sup>(a)</sup>  |
| 05/05/2026 | &nbsp;&nbsp; 5.750% | 1200000 | &nbsp;&nbsp; 1210242 |
| 04/30/2029 | &nbsp;&nbsp; 5.875% | 2000000 | &nbsp;&nbsp; 2099020 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3309262** |
| **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** |
| KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  |
| 04/19/2027 | &nbsp;&nbsp; 4.750% | 300000 | &nbsp;&nbsp; 300923 |
| 04/24/2030 | &nbsp;&nbsp; 5.375% | 962000 | &nbsp;&nbsp; 982283 |
| KazTransGas JSC<sup>(a)</sup>  | KazTransGas JSC<sup>(a)</sup>  | KazTransGas JSC<sup>(a)</sup>  | KazTransGas JSC<sup>(a)</sup>  |
| 09/26/2027 | &nbsp;&nbsp; 4.375% | 200000 | &nbsp;&nbsp; 197981 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1481187** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** |
| Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.688% |  | 2797000 | &nbsp;&nbsp; 2743080 |
| 01/24/2030 | &nbsp;&nbsp; 5.700% |  | 1425000 | &nbsp;&nbsp; 1433823 |
| 01/24/2035 | &nbsp;&nbsp; 6.450% |  | 1975000 | &nbsp;&nbsp; 1986727 |
| Eagle Funding Luxco Sarl<sup>(a)</sup>  | Eagle Funding Luxco Sarl<sup>(a)</sup>  | Eagle Funding Luxco Sarl<sup>(a)</sup>  | Eagle Funding Luxco Sarl<sup>(a)</sup>  | Eagle Funding Luxco Sarl<sup>(a)</sup>  |
| 08/17/2030 | &nbsp;&nbsp; 5.500% |  | 2825000 | &nbsp;&nbsp; 2870257 |
| Mexico City Airport Trust<sup>(a)</sup>  | Mexico City Airport Trust<sup>(a)</sup>  | Mexico City Airport Trust<sup>(a)</sup>  | Mexico City Airport Trust<sup>(a)</sup>  | Mexico City Airport Trust<sup>(a)</sup>  |
| 10/31/2026 | &nbsp;&nbsp; 4.250% |  | 1435000 | &nbsp;&nbsp; 1428248 |
| 04/30/2028 | &nbsp;&nbsp; 3.875% |  | 420000 | &nbsp;&nbsp; 410710 |
| 10/31/2046 | &nbsp;&nbsp; 5.500% |  | 2303000 | &nbsp;&nbsp; 1948089 |
| 07/31/2047 | &nbsp;&nbsp; 5.500% |  | 5582000 | &nbsp;&nbsp; 4715667 |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 05/24/2031 | &nbsp;&nbsp; 2.659% |  | 1081000 | &nbsp;&nbsp; 951999 |
| 04/27/2032 | &nbsp;&nbsp; 4.750% |  | 250000 | &nbsp;&nbsp; 240908 |
| 05/19/2033 | &nbsp;&nbsp; 4.875% |  | 987000 | &nbsp;&nbsp; 942352 |
| 02/09/2035 | &nbsp;&nbsp; 6.350% |  | 470000 | &nbsp;&nbsp; 485985 |
| 05/13/2037 | &nbsp;&nbsp; 6.875% |  | 2117000 | &nbsp;&nbsp; 2227941 |
| 01/29/2038 | &nbsp;&nbsp; 6.625% |  | 978000 | &nbsp;&nbsp; 1001552 |
| 05/13/2055 | &nbsp;&nbsp; 7.375% |  | 734000 | &nbsp;&nbsp; 767341 |
| Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust |
| 06/15/2038 | &nbsp;&nbsp; 6.625% |  | 229000 | &nbsp;&nbsp; 190990 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 03/13/2027 | &nbsp;&nbsp; 6.500% |  | 11722000 | &nbsp;&nbsp; 11773558 |
| 02/12/2028 | &nbsp;&nbsp; 5.350% |  | 2276000 | &nbsp;&nbsp; 2228838 |
| 01/23/2029 | &nbsp;&nbsp; 6.500% |  | 625000 | &nbsp;&nbsp; 628106 |
| 01/23/2030 | &nbsp;&nbsp; 6.840% |  | 6120000 | &nbsp;&nbsp; 6096651 |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 3025000 | &nbsp;&nbsp; 2830753 |
| 02/16/2032 | &nbsp;&nbsp; 6.700% |  | 6281000 | &nbsp;&nbsp; 6025331 |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 900000 | &nbsp;&nbsp; 815428 |
| 09/21/2047 | &nbsp;&nbsp; 6.750% |  | 1257000 | &nbsp;&nbsp; 983234 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **55727568** |
| **Morocco 0.1%** | **Morocco 0.1%** | **Morocco 0.1%** | **Morocco 0.1%** | **Morocco 0.1%** |
| OCP SA<sup>(a)</sup>  | OCP SA<sup>(a)</sup>  | OCP SA<sup>(a)</sup>  | OCP SA<sup>(a)</sup>  | OCP SA<sup>(a)</sup>  |
| 06/23/2031 | &nbsp;&nbsp; 3.750% |  | 357000 | &nbsp;&nbsp; 326656 |
| 05/02/2034 | &nbsp;&nbsp; 6.750% |  | 4695000 | &nbsp;&nbsp; 4950468 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5277124** |
| **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** |
| TenneT Holding BV<sup>(a)</sup>  | TenneT Holding BV<sup>(a)</sup>  | TenneT Holding BV<sup>(a)</sup>  | TenneT Holding BV<sup>(a)</sup>  | TenneT Holding BV<sup>(a)</sup>  |
| 10/28/2042 | &nbsp;&nbsp; 4.750% | EUR | 1035000 | &nbsp;&nbsp; 1317492 |
| **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** |
| Equinor ASA | Equinor ASA | Equinor ASA | Equinor ASA | Equinor ASA |
| 09/03/2030 | &nbsp;&nbsp; 4.500% |  | 787000 | &nbsp;&nbsp; 798320 |
| **Oman 0.0%** | **Oman 0.0%** | **Oman 0.0%** | **Oman 0.0%** | **Oman 0.0%** |
| Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  |
| 01/17/2028 | &nbsp;&nbsp; 5.625% |  | 600000 | &nbsp;&nbsp; 612999 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Panama 0.1%** | **Panama 0.1%** | **Panama 0.1%** | **Panama 0.1%** |
| Banco Nacional de Panama<sup>(a)</sup>  | Banco Nacional de Panama<sup>(a)</sup>  | Banco Nacional de Panama<sup>(a)</sup>  | Banco Nacional de Panama<sup>(a)</sup>  |
| 08/11/2030 | &nbsp;&nbsp; 2.500% | 875000 | &nbsp;&nbsp; 754510 |
| 08/11/2030 | &nbsp;&nbsp; 2.500% | 600000 | &nbsp;&nbsp; 517378 |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| 03/01/2031 | &nbsp;&nbsp; 7.500% | 1300000 | &nbsp;&nbsp; 1412389 |
| 09/29/2032 | &nbsp;&nbsp; 2.252% | 657000 | &nbsp;&nbsp; 519260 |
| 01/19/2033 | &nbsp;&nbsp; 3.298% | 250000 | &nbsp;&nbsp; 210755 |
| 02/14/2035 | &nbsp;&nbsp; 6.400% | 200000 | &nbsp;&nbsp; 201161 |
| 03/01/2038 | &nbsp;&nbsp; 8.000% | 1720000 | &nbsp;&nbsp; 1901669 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5517122** |
| **Paraguay 0.0%** | **Paraguay 0.0%** | **Paraguay 0.0%** | **Paraguay 0.0%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 04/28/2031 | &nbsp;&nbsp; 4.950% | 730000 | &nbsp;&nbsp; 729436 |
| **Peru 0.0%** | **Peru 0.0%** | **Peru 0.0%** | **Peru 0.0%** |
| Corporación Financiera de Desarrollo SA<sup>(a)</sup>  | Corporación Financiera de Desarrollo SA<sup>(a)</sup>  | Corporación Financiera de Desarrollo SA<sup>(a)</sup>  | Corporación Financiera de Desarrollo SA<sup>(a)</sup>  |
| 09/28/2027 | &nbsp;&nbsp; 2.400% | 600000 | &nbsp;&nbsp; 572558 |
| Petroleos del Peru SA<sup>(a)</sup>  | Petroleos del Peru SA<sup>(a)</sup>  | Petroleos del Peru SA<sup>(a)</sup>  | Petroleos del Peru SA<sup>(a)</sup>  |
| 06/19/2032 | &nbsp;&nbsp; 4.750% | 2100000 | &nbsp;&nbsp; 1706886 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2279444** |
| **Philippines 0.0%** | **Philippines 0.0%** | **Philippines 0.0%** | **Philippines 0.0%** |
| Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond |
| 05/05/2030 | &nbsp;&nbsp; 2.457% | 800000 | &nbsp;&nbsp; 738705 |
| **Romania 0.0%** | **Romania 0.0%** | **Romania 0.0%** | **Romania 0.0%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 03/27/2032 | &nbsp;&nbsp; 3.625% | 1550000 | &nbsp;&nbsp; 1360992 |
| 03/24/2035 | &nbsp;&nbsp; 5.750% | 2122000 | &nbsp;&nbsp; 2013158 |
| 03/24/2035 | &nbsp;&nbsp; 5.750% | 200000 | &nbsp;&nbsp; 189742 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3563892** |
| **Serbia 0.1%** | **Serbia 0.1%** | **Serbia 0.1%** | **Serbia 0.1%** |
| Serbia International Bond<sup>(a)</sup>  | Serbia International Bond<sup>(a)</sup>  | Serbia International Bond<sup>(a)</sup>  | Serbia International Bond<sup>(a)</sup>  |
| 12/01/2030 | &nbsp;&nbsp; 2.125% | 6640000 | &nbsp;&nbsp; 5721901 |
| 06/12/2034 | &nbsp;&nbsp; 6.000% | 5915000 | &nbsp;&nbsp; 6052568 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **11774469** |
| **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** |
| Eskom Holdings SOC Ltd.<sup>(a)</sup>  | Eskom Holdings SOC Ltd.<sup>(a)</sup>  | Eskom Holdings SOC Ltd.<sup>(a)</sup>  | Eskom Holdings SOC Ltd.<sup>(a)</sup>  |
| 08/10/2028 | &nbsp;&nbsp; 6.350% | 1739000 | &nbsp;&nbsp; 1777635 |
| 08/10/2028 | &nbsp;&nbsp; 6.350% | 213000 | &nbsp;&nbsp; 217732 |
| 08/10/2028 | &nbsp;&nbsp; 8.450% | 3985000 | &nbsp;&nbsp; 4227166 |
| 08/10/2028 | &nbsp;&nbsp; 8.450% | 451000 | &nbsp;&nbsp; 478407 |
| Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond |
| 09/30/2029 | &nbsp;&nbsp; 4.850% | 875000 | &nbsp;&nbsp; 854440 |
| 06/22/2030 | &nbsp;&nbsp; 5.875% | 750000 | &nbsp;&nbsp; 754951 |
| 04/20/2032 | &nbsp;&nbsp; 5.875% | 2300000 | &nbsp;&nbsp; 2280710 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  |
| 11/19/2036 | &nbsp;&nbsp; 7.100% |  | 1875000 | &nbsp;&nbsp; 1889630 |
| 11/19/2054 | &nbsp;&nbsp; 7.950% |  | 925000 | &nbsp;&nbsp; 896333 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **13377004** |
| **Ukraine 0.0%** | **Ukraine 0.0%** | **Ukraine 0.0%** | **Ukraine 0.0%** | **Ukraine 0.0%** |
| Ukraine Government International Bond<sup>(a),(n)</sup>  | Ukraine Government International Bond<sup>(a),(n)</sup>  | Ukraine Government International Bond<sup>(a),(n)</sup>  | Ukraine Government International Bond<sup>(a),(n)</sup>  | Ukraine Government International Bond<sup>(a),(n)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 4.500% |  | 293248 | &nbsp;&nbsp; 189751 |
| 02/01/2034 | &nbsp;&nbsp; 4.500% |  | 513185 | &nbsp;&nbsp; 276404 |
| 02/01/2035 | &nbsp;&nbsp; 4.500% |  | 586497 | &nbsp;&nbsp; 310811 |
| 02/01/2036 | &nbsp;&nbsp; 4.500% |  | 73312 | &nbsp;&nbsp; 38616 |
| Ukraine Government International Bond<sup>(a),(h)</sup>  | Ukraine Government International Bond<sup>(a),(h)</sup>  | Ukraine Government International Bond<sup>(a),(h)</sup>  | Ukraine Government International Bond<sup>(a),(h)</sup>  | Ukraine Government International Bond<sup>(a),(h)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 0.000% |  | 80093 | &nbsp;&nbsp; 40460 |
| 02/01/2034 | &nbsp;&nbsp; 0.000% |  | 299297 | &nbsp;&nbsp; 118247 |
| 02/01/2035 | &nbsp;&nbsp; 0.000% |  | 252927 | &nbsp;&nbsp; 130946 |
| 02/01/2036 | &nbsp;&nbsp; 0.000% |  | 210772 | &nbsp;&nbsp; 108763 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1213998** |
| **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** |
| Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond |
| 02/14/2037 | &nbsp;&nbsp; 5.442% |  | 410000 | &nbsp;&nbsp; 423564 |
| Total Foreign Government Obligations <br>(Cost $180,996,590) | Total Foreign Government Obligations <br>(Cost $180,996,590) | Total Foreign Government Obligations <br>(Cost $180,996,590) | Total Foreign Government Obligations <br>(Cost $180,996,590) | &nbsp;&nbsp; **183528451** |
| **Inflation-Indexed Bonds**<sup>(f)</sup> **0.0%** | **Inflation-Indexed Bonds**<sup>(f)</sup> **0.0%** | **Inflation-Indexed Bonds**<sup>(f)</sup> **0.0%** | **Inflation-Indexed Bonds**<sup>(f)</sup> **0.0%** | **Inflation-Indexed Bonds**<sup>(f)</sup> **0.0%** |
| **Mexico 0.0%** | **Mexico 0.0%** | **Mexico 0.0%** | **Mexico 0.0%** | **Mexico 0.0%** |
| Mexico Udibonos | Mexico Udibonos | Mexico Udibonos | Mexico Udibonos | Mexico Udibonos |
| 11/27/2031 | &nbsp;&nbsp; 2.750% | MXN | 15806391 | &nbsp;&nbsp; 754027 |
| Total Inflation-Indexed Bonds <br>(Cost $673,866) | Total Inflation-Indexed Bonds <br>(Cost $673,866) | Total Inflation-Indexed Bonds <br>(Cost $673,866) | Total Inflation-Indexed Bonds <br>(Cost $673,866) | &nbsp;&nbsp; **754027** |
| **Municipal Bonds 0.3%** | **Municipal Bonds 0.3%** | **Municipal Bonds 0.3%** | **Municipal Bonds 0.3%** | **Municipal Bonds 0.3%** |
| **Issue Description** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Higher Education 0.1%** | **Higher Education 0.1%** | **Higher Education 0.1%** | **Higher Education 0.1%** | **Higher Education 0.1%** |
| University of Michigan | University of Michigan | University of Michigan | University of Michigan | University of Michigan |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable | Taxable |
| Series 2022A | Series 2022A | Series 2022A | Series 2022A | Series 2022A |
| 04/01/2122 | &nbsp;&nbsp; 4.454% |  | 4020000 | &nbsp;&nbsp; 3107022 |
| University of Virginia | University of Virginia | University of Virginia | University of Virginia | University of Virginia |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable | Taxable |
| Series 2021B | Series 2021B | Series 2021B | Series 2021B | Series 2021B |
| 11/01/2051 | &nbsp;&nbsp; 2.584% |  | 2020000 | &nbsp;&nbsp; 1221809 |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable | Taxable |
| Series 2017C | Series 2017C | Series 2017C | Series 2017C | Series 2017C |
| 09/01/2117 | &nbsp;&nbsp; 4.179% |  | 725000 | &nbsp;&nbsp; 529970 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4858801** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Hospital 0.0%** | **Hospital 0.0%** | **Hospital 0.0%** | **Hospital 0.0%** |
| California Health Facilities Financing Authority | California Health Facilities Financing Authority | California Health Facilities Financing Authority | California Health Facilities Financing Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Cedars-Sinai Health System | Cedars-Sinai Health System | Cedars-Sinai Health System | Cedars-Sinai Health System |
| Series 2021 | Series 2021 | Series 2021 | Series 2021 |
| 08/15/2051 | &nbsp;&nbsp; 3.000% | 1740000 | &nbsp;&nbsp; 1198996 |
| **Local General Obligation 0.1%** | **Local General Obligation 0.1%** | **Local General Obligation 0.1%** | **Local General Obligation 0.1%** |
| City of New York | City of New York | City of New York | City of New York |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2010 (BAM) | Series 2010 (BAM) | Series 2010 (BAM) | Series 2010 (BAM) |
| 03/01/2036 | &nbsp;&nbsp; 5.968% | 3100000 | &nbsp;&nbsp; 3249136 |
| Lamar Consolidated Independent School District | Lamar Consolidated Independent School District | Lamar Consolidated Independent School District | Lamar Consolidated Independent School District |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2023A | Series 2023A | Series 2023A | Series 2023A |
| 02/15/2058 | &nbsp;&nbsp; 5.000% | 2280000 | &nbsp;&nbsp; 2283701 |
| Medina Valley Independent School District | Medina Valley Independent School District | Medina Valley Independent School District | Medina Valley Independent School District |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 02/15/2050 | &nbsp;&nbsp; 4.750% | 1255000 | &nbsp;&nbsp; 1225340 |
| Northwest Independent School District | Northwest Independent School District | Northwest Independent School District | Northwest Independent School District |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 02/15/2055 | &nbsp;&nbsp; 5.000% | 1825000 | &nbsp;&nbsp; 1843688 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8601865** |
| **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** |
| New York City Transitional Finance Authority | New York City Transitional Finance Authority | New York City Transitional Finance Authority | New York City Transitional Finance Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Future Tax Secured | Future Tax Secured | Future Tax Secured | Future Tax Secured |
| Subordinated Series 2020B-3 | Subordinated Series 2020B-3 | Subordinated Series 2020B-3 | Subordinated Series 2020B-3 |
| 08/01/2035 | &nbsp;&nbsp; 2.000% | 3000000 | &nbsp;&nbsp; 2350465 |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Subordinated Series 2022F-1 | Subordinated Series 2022F-1 | Subordinated Series 2022F-1 | Subordinated Series 2022F-1 |
| 02/01/2051 | &nbsp;&nbsp; 5.000% | 1080000 | &nbsp;&nbsp; 1082104 |
| Subordinated Series 2025E | Subordinated Series 2025E | Subordinated Series 2025E | Subordinated Series 2025E |
| 11/01/2053 | &nbsp;&nbsp; 5.000% | 3700000 | &nbsp;&nbsp; 3721633 |
| New York State Dormitory Authority | New York State Dormitory Authority | New York State Dormitory Authority | New York State Dormitory Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2025A | Series 2025A | Series 2025A | Series 2025A |
| 03/15/2054 | &nbsp;&nbsp; 5.000% | 2925000 | &nbsp;&nbsp; 2942607 |
| New York State Thruway Authority | New York State Thruway Authority | New York State Thruway Authority | New York State Thruway Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Climate Bond Certified | Climate Bond Certified | Climate Bond Certified | Climate Bond Certified |
| Series 2022 | Series 2022 | Series 2022 | Series 2022 |
| 03/15/2053 | &nbsp;&nbsp; 5.000% | 1440000 | &nbsp;&nbsp; 1444316 |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 03/15/2059 | &nbsp;&nbsp; 5.000% | 3500000 | &nbsp;&nbsp; 3508039 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| State of Illinois | State of Illinois | State of Illinois | State of Illinois |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable Sales Tax | Taxable Sales Tax | Taxable Sales Tax | Taxable Sales Tax |
| Series 2013 | Series 2013 | Series 2013 | Series 2013 |
| 06/15/2028 | &nbsp;&nbsp; 3.350% | 2500000 | &nbsp;&nbsp; 2451891 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17501055** |
| **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** |
| Bay Area Toll Authority | Bay Area Toll Authority | Bay Area Toll Authority | Bay Area Toll Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2009 (BAM) | Series 2009 (BAM) | Series 2009 (BAM) | Series 2009 (BAM) |
| 04/01/2049 | &nbsp;&nbsp; 6.263% | 1920000 | &nbsp;&nbsp; 1991958 |
| Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Build America Bonds | Build America Bonds | Build America Bonds | Build America Bonds |
| Series 2009 | Series 2009 | Series 2009 | Series 2009 |
| 12/01/2039 | &nbsp;&nbsp; 6.105% | 1620000 | &nbsp;&nbsp; 1748149 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3740107** |
| Total Municipal Bonds <br>(Cost $39,930,360) | Total Municipal Bonds <br>(Cost $39,930,360) | Total Municipal Bonds <br>(Cost $39,930,360) | &nbsp;&nbsp; **35900824** |
| **Residential Mortgage-Backed Securities - Agency 27.2%** | **Residential Mortgage-Backed Securities - Agency 27.2%** | **Residential Mortgage-Backed Securities - Agency 27.2%** | **Residential Mortgage-Backed Securities - Agency 27.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fannie Mae REMICS | Fannie Mae REMICS | Fannie Mae REMICS | Fannie Mae REMICS |
| CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z |
| 09/25/2041 | &nbsp;&nbsp; 5.250% | 1302089 | &nbsp;&nbsp; 1329324 |
| Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  |
| CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>05/25/2039<br>| &nbsp;&nbsp; 1.637% | 11136090 | &nbsp;&nbsp; 850823 |
| CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>09/25/2048<br>| &nbsp;&nbsp; 1.737% | 3862593 | &nbsp;&nbsp; 515581 |
| Fannie Mae REMICS<sup>(e)</sup>  | Fannie Mae REMICS<sup>(e)</sup>  | Fannie Mae REMICS<sup>(e)</sup>  | Fannie Mae REMICS<sup>(e)</sup>  |
| CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC |
| 07/25/2050 | &nbsp;&nbsp; 5.500% | 3579126 | &nbsp;&nbsp; 903357 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 10/01/2028- <br>07/01/2032<br>| &nbsp;&nbsp; 7.000% | 60040 | &nbsp;&nbsp; 63173 |
| 10/01/2031- <br>07/01/2037<br>| &nbsp;&nbsp; 6.000% | 214999 | &nbsp;&nbsp; 226466 |
| 04/01/2033- <br>06/01/2055<br>| &nbsp;&nbsp; 5.500% | 72802259 | &nbsp;&nbsp; 73881500 |
| 10/01/2039- <br>12/01/2054<br>| &nbsp;&nbsp; 5.000% | 43098893 | &nbsp;&nbsp; 42596358 |
| 09/01/2040- <br>10/01/2052<br>| &nbsp;&nbsp; 4.000% | 115033712 | &nbsp;&nbsp; 107784312 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 09/01/2040- <br>02/01/2054<br>| &nbsp;&nbsp; 4.500% | 128878904 | &nbsp;&nbsp; 124478803 |
| 06/01/2043- <br>05/01/2052<br>| &nbsp;&nbsp; 3.500% | 55700343 | &nbsp;&nbsp; 51181201 |
| 08/01/2046- <br>06/01/2052<br>| &nbsp;&nbsp; 3.000% | 138365313 | &nbsp;&nbsp; 121101326 |
| 06/01/2050- <br>10/01/2052<br>| &nbsp;&nbsp; 2.500% | 307521384 | &nbsp;&nbsp; 257005154 |
| 12/01/2050- <br>06/01/2052<br>| &nbsp;&nbsp; 2.000% | 90196581 | &nbsp;&nbsp; 71989842 |
| CMO Series 2060 Class Z | CMO Series 2060 Class Z | CMO Series 2060 Class Z | CMO Series 2060 Class Z |
| 05/15/2028 | &nbsp;&nbsp; 6.500% | 18537 | &nbsp;&nbsp; 18810 |
| CMO Series 2310 Class Z | CMO Series 2310 Class Z | CMO Series 2310 Class Z | CMO Series 2310 Class Z |
| 04/15/2031 | &nbsp;&nbsp; 6.000% | 21194 | &nbsp;&nbsp; 21749 |
| CMO Series 2725 Class TA | CMO Series 2725 Class TA | CMO Series 2725 Class TA | CMO Series 2725 Class TA |
| 12/15/2033 | &nbsp;&nbsp; 4.500% | 1130986 | &nbsp;&nbsp; 1139841 |
| CMO Series 2882 Class ZC | CMO Series 2882 Class ZC | CMO Series 2882 Class ZC | CMO Series 2882 Class ZC |
| 11/15/2034 | &nbsp;&nbsp; 6.000% | 2072291 | &nbsp;&nbsp; 2196667 |
| CMO Series 2953 Class LZ | CMO Series 2953 Class LZ | CMO Series 2953 Class LZ | CMO Series 2953 Class LZ |
| 03/15/2035 | &nbsp;&nbsp; 6.000% | 1622745 | &nbsp;&nbsp; 1706748 |
| CMO Series 3028 Class ZE | CMO Series 3028 Class ZE | CMO Series 3028 Class ZE | CMO Series 3028 Class ZE |
| 09/15/2035 | &nbsp;&nbsp; 5.500% | 170023 | &nbsp;&nbsp; 172758 |
| CMO Series 3032 Class PZ | CMO Series 3032 Class PZ | CMO Series 3032 Class PZ | CMO Series 3032 Class PZ |
| 09/15/2035 | &nbsp;&nbsp; 5.800% | 411545 | &nbsp;&nbsp; 429081 |
| CMO Series 3121 Class EZ | CMO Series 3121 Class EZ | CMO Series 3121 Class EZ | CMO Series 3121 Class EZ |
| 03/15/2036 | &nbsp;&nbsp; 6.000% | 54747 | &nbsp;&nbsp; 57795 |
| CMO Series 3181 Class AZ | CMO Series 3181 Class AZ | CMO Series 3181 Class AZ | CMO Series 3181 Class AZ |
| 07/15/2036 | &nbsp;&nbsp; 6.500% | 21553 | &nbsp;&nbsp; 22794 |
| CMO Series 353 Class 300 | CMO Series 353 Class 300 | CMO Series 353 Class 300 | CMO Series 353 Class 300 |
| 12/15/2046 | &nbsp;&nbsp; 3.000% | 4394247 | &nbsp;&nbsp; 3972212 |
| CMO Series 3740 Class BA | CMO Series 3740 Class BA | CMO Series 3740 Class BA | CMO Series 3740 Class BA |
| 10/15/2040 | &nbsp;&nbsp; 4.000% | 938802 | &nbsp;&nbsp; 912704 |
| CMO Series 3747 Class HY | CMO Series 3747 Class HY | CMO Series 3747 Class HY | CMO Series 3747 Class HY |
| 10/15/2040 | &nbsp;&nbsp; 4.500% | 2434050 | &nbsp;&nbsp; 2430524 |
| CMO Series 3753 Class KZ | CMO Series 3753 Class KZ | CMO Series 3753 Class KZ | CMO Series 3753 Class KZ |
| 11/15/2040 | &nbsp;&nbsp; 4.500% | 4124026 | &nbsp;&nbsp; 4119246 |
| CMO Series 3769 Class ZC | CMO Series 3769 Class ZC | CMO Series 3769 Class ZC | CMO Series 3769 Class ZC |
| 12/15/2040 | &nbsp;&nbsp; 4.500% | 2074088 | &nbsp;&nbsp; 2073421 |
| CMO Series 3841 Class JZ | CMO Series 3841 Class JZ | CMO Series 3841 Class JZ | CMO Series 3841 Class JZ |
| 04/15/2041 | &nbsp;&nbsp; 5.000% | 187848 | &nbsp;&nbsp; 190484 |
| CMO Series 3888 Class ZG | CMO Series 3888 Class ZG | CMO Series 3888 Class ZG | CMO Series 3888 Class ZG |
| 07/15/2041 | &nbsp;&nbsp; 4.000% | 394355 | &nbsp;&nbsp; 382439 |
| CMO Series 3926 Class NY | CMO Series 3926 Class NY | CMO Series 3926 Class NY | CMO Series 3926 Class NY |
| 09/15/2041 | &nbsp;&nbsp; 4.000% | 335975 | &nbsp;&nbsp; 327978 |
| CMO Series 3928 Class MB | CMO Series 3928 Class MB | CMO Series 3928 Class MB | CMO Series 3928 Class MB |
| 09/15/2041 | &nbsp;&nbsp; 4.500% | 703469 | &nbsp;&nbsp; 700425 |
| CMO Series 3934 Class CB | CMO Series 3934 Class CB | CMO Series 3934 Class CB | CMO Series 3934 Class CB |
| 10/15/2041 | &nbsp;&nbsp; 4.000% | 2271306 | &nbsp;&nbsp; 2210520 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 3982 Class TZ | CMO Series 3982 Class TZ | CMO Series 3982 Class TZ | CMO Series 3982 Class TZ |
| 01/15/2042 | &nbsp;&nbsp; 4.000% | 873747 | &nbsp;&nbsp; 853916 |
| CMO Series 4027 Class AB | CMO Series 4027 Class AB | CMO Series 4027 Class AB | CMO Series 4027 Class AB |
| 12/15/2040 | &nbsp;&nbsp; 4.000% | 948226 | &nbsp;&nbsp; 933039 |
| CMO Series 4057 Class ZB | CMO Series 4057 Class ZB | CMO Series 4057 Class ZB | CMO Series 4057 Class ZB |
| 06/15/2042 | &nbsp;&nbsp; 3.500% | 4706363 | &nbsp;&nbsp; 4482971 |
| CMO Series 4057 Class ZL | CMO Series 4057 Class ZL | CMO Series 4057 Class ZL | CMO Series 4057 Class ZL |
| 06/15/2042 | &nbsp;&nbsp; 3.500% | 5194706 | &nbsp;&nbsp; 4950452 |
| CMO Series 4091 Class KB | CMO Series 4091 Class KB | CMO Series 4091 Class KB | CMO Series 4091 Class KB |
| 08/15/2042 | &nbsp;&nbsp; 3.000% | 6500000 | &nbsp;&nbsp; 6124206 |
| CMO Series 4440 Class ZX | CMO Series 4440 Class ZX | CMO Series 4440 Class ZX | CMO Series 4440 Class ZX |
| 01/15/2045 | &nbsp;&nbsp; 4.000% | 12575044 | &nbsp;&nbsp; 12066800 |
| CMO Series 4463 Class ZA | CMO Series 4463 Class ZA | CMO Series 4463 Class ZA | CMO Series 4463 Class ZA |
| 04/15/2045 | &nbsp;&nbsp; 4.000% | 3812846 | &nbsp;&nbsp; 3716421 |
| CMO Series 4495 Class PA | CMO Series 4495 Class PA | CMO Series 4495 Class PA | CMO Series 4495 Class PA |
| 09/15/2043 | &nbsp;&nbsp; 3.500% | 77564 | &nbsp;&nbsp; 76664 |
| CMO Series 4682 Class HZ | CMO Series 4682 Class HZ | CMO Series 4682 Class HZ | CMO Series 4682 Class HZ |
| 04/15/2047 | &nbsp;&nbsp; 3.500% | 2595396 | &nbsp;&nbsp; 2407406 |
| CMO Series 4771 Class HZ | CMO Series 4771 Class HZ | CMO Series 4771 Class HZ | CMO Series 4771 Class HZ |
| 03/15/2048 | &nbsp;&nbsp; 3.500% | 10397438 | &nbsp;&nbsp; 9557425 |
| CMO Series 4787 Class PY | CMO Series 4787 Class PY | CMO Series 4787 Class PY | CMO Series 4787 Class PY |
| 05/15/2048 | &nbsp;&nbsp; 4.000% | 881003 | &nbsp;&nbsp; 836446 |
| CMO Series 4793 Class CD | CMO Series 4793 Class CD | CMO Series 4793 Class CD | CMO Series 4793 Class CD |
| 06/15/2048 | &nbsp;&nbsp; 3.000% | 745675 | &nbsp;&nbsp; 671135 |
| CMO Series 4839 Class A | CMO Series 4839 Class A | CMO Series 4839 Class A | CMO Series 4839 Class A |
| 04/15/2051 | &nbsp;&nbsp; 4.000% | 2246564 | &nbsp;&nbsp; 2161084 |
| CMO Series 4941 Class CZ | CMO Series 4941 Class CZ | CMO Series 4941 Class CZ | CMO Series 4941 Class CZ |
| 11/25/2049 | &nbsp;&nbsp; 3.000% | 1113822 | &nbsp;&nbsp; 990320 |
| Federal Home Loan Mortgage Corp.<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(e)</sup>  |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>11/15/2043<br>| &nbsp;&nbsp; 1.643% | 9109137 | &nbsp;&nbsp; 856733 |
| CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>10/15/2043<br>| &nbsp;&nbsp; 2.193% | 2450839 | &nbsp;&nbsp; 400270 |
| CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/15/2039<br>| &nbsp;&nbsp; 1.693% | 3073882 | &nbsp;&nbsp; 284236 |
| CMO Series 264 Class S1 | CMO Series 264 Class S1 | CMO Series 264 Class S1 | CMO Series 264 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>07/15/2042<br>| &nbsp;&nbsp; 1.493% | 5027329 | &nbsp;&nbsp; 513179 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 274 Class S1 | CMO Series 274 Class S1 | CMO Series 274 Class S1 | CMO Series 274 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/15/2042<br>| &nbsp;&nbsp; 1.543% | 6340722 | &nbsp;&nbsp; 725493 |
| CMO Series 279 Class S6 | CMO Series 279 Class S6 | CMO Series 279 Class S6 | CMO Series 279 Class S6 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2042<br>| &nbsp;&nbsp; 1.593% | 4356955 | &nbsp;&nbsp; 483741 |
| CMO Series 299 Class S1 | CMO Series 299 Class S1 | CMO Series 299 Class S1 | CMO Series 299 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>01/15/2043<br>| &nbsp;&nbsp; 1.543% | 2508845 | &nbsp;&nbsp; 295913 |
| CMO Series 300 Class S1 | CMO Series 300 Class S1 | CMO Series 300 Class S1 | CMO Series 300 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>01/15/2043<br>| &nbsp;&nbsp; 1.643% | 6556843 | &nbsp;&nbsp; 743382 |
| CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>03/15/2044<br>| &nbsp;&nbsp; 1.493% | 10656863 | &nbsp;&nbsp; 1137502 |
| CMO Series 336 Class 30 | CMO Series 336 Class 30 | CMO Series 336 Class 30 | CMO Series 336 Class 30 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>08/15/2044<br>| &nbsp;&nbsp; 1.593% | 4483909 | &nbsp;&nbsp; 513873 |
| CMO Series 3404 Class AS | CMO Series 3404 Class AS | CMO Series 3404 Class AS | CMO Series 3404 Class AS |
| -1.0 x 30-day Average SOFR + <br> 5.781% <br>Cap 5.895% <br>01/15/2038<br>| &nbsp;&nbsp; 1.438% | 1124762 | &nbsp;&nbsp; 111602 |
| CMO Series 3578 Class DI | CMO Series 3578 Class DI | CMO Series 3578 Class DI | CMO Series 3578 Class DI |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>04/15/2036<br>| &nbsp;&nbsp; 2.193% | 1610580 | &nbsp;&nbsp; 136603 |
| CMO Series 3833 Class LI | CMO Series 3833 Class LI | CMO Series 3833 Class LI | CMO Series 3833 Class LI |
| -1.0 x 30-day Average SOFR + <br> 0.286% <br>10/15/2040<br>| &nbsp;&nbsp; 1.882% | 3626171 | &nbsp;&nbsp; 346637 |
| CMO Series 3892 Class SC | CMO Series 3892 Class SC | CMO Series 3892 Class SC | CMO Series 3892 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>07/15/2041<br>| &nbsp;&nbsp; 1.493% | 2311889 | &nbsp;&nbsp; 238923 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 3997 Class SK | CMO Series 3997 Class SK | CMO Series 3997 Class SK | CMO Series 3997 Class SK |
| -1.0 x 30-day Average SOFR + <br> 6.486% <br>Cap 6.600% <br>11/15/2041<br>| &nbsp;&nbsp; 2.143% | 2801847 | &nbsp;&nbsp; 210418 |
| CMO Series 4087 Class SC | CMO Series 4087 Class SC | CMO Series 4087 Class SC | CMO Series 4087 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.436% <br>Cap 5.550% <br>07/15/2042<br>| &nbsp;&nbsp; 1.093% | 3061035 | &nbsp;&nbsp; 242933 |
| CMO Series 4281 Class SA | CMO Series 4281 Class SA | CMO Series 4281 Class SA | CMO Series 4281 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/15/2043<br>| &nbsp;&nbsp; 1.643% | 5075915 | &nbsp;&nbsp; 458800 |
| CMO Series 4635 Class SE | CMO Series 4635 Class SE | CMO Series 4635 Class SE | CMO Series 4635 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/15/2046<br>| &nbsp;&nbsp; 1.643% | 7397016 | &nbsp;&nbsp; 498195 |
| CMO Series 4910 Class SG | CMO Series 4910 Class SG | CMO Series 4910 Class SG | CMO Series 4910 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 1.587% | 13239371 | &nbsp;&nbsp; 1899159 |
| CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2042<br>| &nbsp;&nbsp; 1.593% | 5922058 | &nbsp;&nbsp; 638219 |
| CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2044<br>| &nbsp;&nbsp; 1.593% | 7368117 | &nbsp;&nbsp; 795339 |
| Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  |
| 10/01/2054- <br>01/01/2055<br>| &nbsp;&nbsp; 5.500% | 20459305 | &nbsp;&nbsp; 20582752 |
| Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  |
| CMO Series 2380 Class F | CMO Series 2380 Class F | CMO Series 2380 Class F | CMO Series 2380 Class F |
| 30-day Average SOFR + <br> 0.564% <br>Floor 0.450%, Cap 8.500% <br>11/15/2031<br>| &nbsp;&nbsp; 4.907% | 18475 | &nbsp;&nbsp; 18466 |
| CMO Series 2557 Class FG | CMO Series 2557 Class FG | CMO Series 2557 Class FG | CMO Series 2557 Class FG |
| 30-day Average SOFR + <br> 0.514% <br>Floor 0.400%, Cap 8.000% <br>01/15/2033<br>| &nbsp;&nbsp; 4.857% | 52034 | &nbsp;&nbsp; 51989 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2962 Class PF | CMO Series 2962 Class PF | CMO Series 2962 Class PF | CMO Series 2962 Class PF |
| 30-day Average SOFR + <br> 0.364% <br>Floor 0.250%, Cap 7.000% <br>03/15/2035<br>| &nbsp;&nbsp; 4.707% | 18981 | &nbsp;&nbsp; 18959 |
| CMO Series 2981 Class FU | CMO Series 2981 Class FU | CMO Series 2981 Class FU | CMO Series 2981 Class FU |
| 30-day Average SOFR + <br> 0.314% <br>Floor 0.200%, Cap 8.000% <br>05/15/2030<br>| &nbsp;&nbsp; 4.657% | 102550 | &nbsp;&nbsp; 101982 |
| CMO Series 3065 Class EB | CMO Series 3065 Class EB | CMO Series 3065 Class EB | CMO Series 3065 Class EB |
| -3.0 x 30-day Average SOFR + <br> 19.547% <br>Cap 19.890% <br>11/15/2035<br>| &nbsp;&nbsp; 6.519% | 233286 | &nbsp;&nbsp; 256220 |
| CMO Series 3081 Class GC | CMO Series 3081 Class GC | CMO Series 3081 Class GC | CMO Series 3081 Class GC |
| -3.7 x 30-day Average SOFR + <br> 23.414% <br>Cap 23.833% <br>12/15/2035<br>| &nbsp;&nbsp; 7.490% | 364170 | &nbsp;&nbsp; 407423 |
| CMO Series 3085 Class FV | CMO Series 3085 Class FV | CMO Series 3085 Class FV | CMO Series 3085 Class FV |
| 30-day Average SOFR + <br> 0.814% <br>Floor 0.700%, Cap 8.000% <br>08/15/2035<br>| &nbsp;&nbsp; 5.157% | 315623 | &nbsp;&nbsp; 317182 |
| CMO Series 3564 Class FC | CMO Series 3564 Class FC | CMO Series 3564 Class FC | CMO Series 3564 Class FC |
| 30-day Average SOFR + <br> 1.364% <br>Floor 1.250%, Cap 6.500% <br>01/15/2037<br>| &nbsp;&nbsp; 5.710% | 138799 | &nbsp;&nbsp; 141151 |
| CMO Series 3680 Class FA | CMO Series 3680 Class FA | CMO Series 3680 Class FA | CMO Series 3680 Class FA |
| 30-day Average SOFR + <br> 1.114% <br>Floor 1.000%, Cap 6.000% <br>06/15/2040<br>| &nbsp;&nbsp; 5.457% | 396107 | &nbsp;&nbsp; 400364 |
| CMO Series 3852 Class QN | CMO Series 3852 Class QN | CMO Series 3852 Class QN | CMO Series 3852 Class QN |
| -3.6 x 30-day Average SOFR + <br> 26.796% <br>Cap 5.500% <br>05/15/2041<br>| &nbsp;&nbsp; 5.500% | 14902 | &nbsp;&nbsp; 14294 |
| CMO Series 4048 Class FJ | CMO Series 4048 Class FJ | CMO Series 4048 Class FJ | CMO Series 4048 Class FJ |
| 30-day Average SOFR + <br> 0.514% <br>Floor 0.400%, Cap <br> 9,999.000% <br>07/15/2037<br>| &nbsp;&nbsp; 4.828% | 500537 | &nbsp;&nbsp; 497289 |
| Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  |
| CMO Series 303 Class C21 | CMO Series 303 Class C21 | CMO Series 303 Class C21 | CMO Series 303 Class C21 |
| 01/15/2043 | &nbsp;&nbsp; 4.000% | 7994875 | &nbsp;&nbsp; 1246303 |
| CMO Series 303 Class C30 | CMO Series 303 Class C30 | CMO Series 303 Class C30 | CMO Series 303 Class C30 |
| 12/15/2042 | &nbsp;&nbsp; 4.500% | 5152115 | &nbsp;&nbsp; 763924 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 364 Class C15 | CMO Series 364 Class C15 | CMO Series 364 Class C15 | CMO Series 364 Class C15 |
| 12/15/2046 | &nbsp;&nbsp; 3.500% | 3444518 | &nbsp;&nbsp; 525902 |
| CMO Series 4146 Class IA | CMO Series 4146 Class IA | CMO Series 4146 Class IA | CMO Series 4146 Class IA |
| 12/15/2032 | &nbsp;&nbsp; 3.500% | 3052526 | &nbsp;&nbsp; 247885 |
| CMO Series 4186 Class IB | CMO Series 4186 Class IB | CMO Series 4186 Class IB | CMO Series 4186 Class IB |
| 03/15/2033 | &nbsp;&nbsp; 3.000% | 3069197 | &nbsp;&nbsp; 216818 |
| CMO Series 4627 Class PI | CMO Series 4627 Class PI | CMO Series 4627 Class PI | CMO Series 4627 Class PI |
| 05/15/2044 | &nbsp;&nbsp; 3.500% | 765018 | &nbsp;&nbsp; 13221 |
| CMO Series 4698 Class BI | CMO Series 4698 Class BI | CMO Series 4698 Class BI | CMO Series 4698 Class BI |
| 07/15/2047 | &nbsp;&nbsp; 5.000% | 9093153 | &nbsp;&nbsp; 1790533 |
| CMO Series 5048 Class HI | CMO Series 5048 Class HI | CMO Series 5048 Class HI | CMO Series 5048 Class HI |
| 01/15/2042 | &nbsp;&nbsp; 4.500% | 2266414 | &nbsp;&nbsp; 436140 |
| CMO Series 5078 Class NI | CMO Series 5078 Class NI | CMO Series 5078 Class NI | CMO Series 5078 Class NI |
| 06/15/2042 | &nbsp;&nbsp; 4.000% | 2740000 | &nbsp;&nbsp; 468957 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 11/15/2052 | &nbsp;&nbsp; 4.000% | 7157125 | &nbsp;&nbsp; 1694593 |
| 11/15/2052 | &nbsp;&nbsp; 4.500% | 8184997 | &nbsp;&nbsp; 2227749 |
| Federal Home Loan Mortgage Corp.<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(d),(e)</sup>  |
| CMO Series 351 Class 213 | CMO Series 351 Class 213 | CMO Series 351 Class 213 | CMO Series 351 Class 213 |
| 02/15/2046 | &nbsp;&nbsp; 4.244% | 245390 | &nbsp;&nbsp; 42606 |
| CMO Series 364 Class 141 | CMO Series 364 Class 141 | CMO Series 364 Class 141 | CMO Series 364 Class 141 |
| 12/15/2046 | &nbsp;&nbsp; 2.752% | 284087 | &nbsp;&nbsp; 37288 |
| CMO Series 364 Class 151 | CMO Series 364 Class 151 | CMO Series 364 Class 151 | CMO Series 364 Class 151 |
| 12/15/2046 | &nbsp;&nbsp; 3.364% | 274764 | &nbsp;&nbsp; 41123 |
| CMO Series 364 Class 158 | CMO Series 364 Class 158 | CMO Series 364 Class 158 | CMO Series 364 Class 158 |
| 12/15/2046 | &nbsp;&nbsp; 3.735% | 146938 | &nbsp;&nbsp; 24430 |
| CMO Series 364 Class 167 | CMO Series 364 Class 167 | CMO Series 364 Class 167 | CMO Series 364 Class 167 |
| 12/15/2046 | &nbsp;&nbsp; 2.567% | 264836 | &nbsp;&nbsp; 29357 |
| CMO Series 364 Class C23 | CMO Series 364 Class C23 | CMO Series 364 Class C23 | CMO Series 364 Class C23 |
| 12/15/2046 | &nbsp;&nbsp; 2.944% | 3384498 | &nbsp;&nbsp; 447507 |
| CMO Series 364 Class C24 | CMO Series 364 Class C24 | CMO Series 364 Class C24 | CMO Series 364 Class C24 |
| 12/15/2046 | &nbsp;&nbsp; 3.452% | 1905567 | &nbsp;&nbsp; 296180 |
| CMO Series 364 Class C25 | CMO Series 364 Class C25 | CMO Series 364 Class C25 | CMO Series 364 Class C25 |
| 12/15/2046 | &nbsp;&nbsp; 4.037% | 576387 | &nbsp;&nbsp; 102937 |
| CMO Series 368 Class C15 | CMO Series 368 Class C15 | CMO Series 368 Class C15 | CMO Series 368 Class C15 |
| 01/25/2048 | &nbsp;&nbsp; 3.261% | 3547197 | &nbsp;&nbsp; 493122 |
| CMO Series 5094 Class IO | CMO Series 5094 Class IO | CMO Series 5094 Class IO | CMO Series 5094 Class IO |
| 12/15/2048 | &nbsp;&nbsp; 1.411% | 12218337 | &nbsp;&nbsp; 906023 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(d),(e)</sup>  |
| CMO Series K051 Class X1 | CMO Series K051 Class X1 | CMO Series K051 Class X1 | CMO Series K051 Class X1 |
| 09/25/2025 | &nbsp;&nbsp; 0.658% | 4353759 | &nbsp;&nbsp; 157 |
| CMO Series K058 Class X1 | CMO Series K058 Class X1 | CMO Series K058 Class X1 | CMO Series K058 Class X1 |
| 08/25/2026 | &nbsp;&nbsp; 1.024% | 2205804 | &nbsp;&nbsp; 13983 |
| CMO Series KW02 Class X1 | CMO Series KW02 Class X1 | CMO Series KW02 Class X1 | CMO Series KW02 Class X1 |
| 12/25/2026 | &nbsp;&nbsp; 0.230% | 7019886 | &nbsp;&nbsp; 6539 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. REMICS<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(e)</sup>  |
| CMO Series 204236 Class IS | CMO Series 204236 Class IS | CMO Series 204236 Class IS | CMO Series 204236 Class IS |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/15/2043<br>| &nbsp;&nbsp; 1.543% | 8500062 | &nbsp;&nbsp; 922313 |
| CMO Series 204419 Class BS | CMO Series 204419 Class BS | CMO Series 204419 Class BS | CMO Series 204419 Class BS |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>05/15/2053<br>| &nbsp;&nbsp; 1.593% | 23007353 | &nbsp;&nbsp; 2926625 |
| CMO Series 204461 Class SA | CMO Series 204461 Class SA | CMO Series 204461 Class SA | CMO Series 204461 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>04/15/2045<br>| &nbsp;&nbsp; 1.743% | 4695803 | &nbsp;&nbsp; 624570 |
| CMO Series 204839 Class WS | CMO Series 204839 Class WS | CMO Series 204839 Class WS | CMO Series 204839 Class WS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>08/15/2056<br>| &nbsp;&nbsp; 1.643% | 33661351 | &nbsp;&nbsp; 4933633 |
| CMO Series 4942 Class SG | CMO Series 4942 Class SG | CMO Series 4942 Class SG | CMO Series 4942 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>01/25/2050<br>| &nbsp;&nbsp; 1.587% | 9310017 | &nbsp;&nbsp; 1084102 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e)</sup>  |
| CMO Series 204695 Class OI | CMO Series 204695 Class OI | CMO Series 204695 Class OI | CMO Series 204695 Class OI |
| 06/15/2047 | &nbsp;&nbsp; 4.000% | 2522154 | &nbsp;&nbsp; 437922 |
| CMO Series 204864 Class IU | CMO Series 204864 Class IU | CMO Series 204864 Class IU | CMO Series 204864 Class IU |
| 12/15/2048 | &nbsp;&nbsp; 4.500% | 2405605 | &nbsp;&nbsp; 453247 |
| CMO Series 205012 Class MI | CMO Series 205012 Class MI | CMO Series 205012 Class MI | CMO Series 205012 Class MI |
| 09/25/2050 | &nbsp;&nbsp; 4.000% | 7586879 | &nbsp;&nbsp; 1552929 |
| CMO Series 205038 Class ID | CMO Series 205038 Class ID | CMO Series 205038 Class ID | CMO Series 205038 Class ID |
| 11/25/2050 | &nbsp;&nbsp; 3.500% | 25694460 | &nbsp;&nbsp; 4648154 |
| CMO Series 4257 Class IK | CMO Series 4257 Class IK | CMO Series 4257 Class IK | CMO Series 4257 Class IK |
| 12/15/2042 | &nbsp;&nbsp; 4.000% | 2700690 | &nbsp;&nbsp; 433753 |
| CMO Series 4999 Class IA | CMO Series 4999 Class IA | CMO Series 4999 Class IA | CMO Series 4999 Class IA |
| 08/25/2050 | &nbsp;&nbsp; 4.500% | 22505311 | &nbsp;&nbsp; 4925069 |
| CMO Series 5043 Class IO | CMO Series 5043 Class IO | CMO Series 5043 Class IO | CMO Series 5043 Class IO |
| 11/25/2050 | &nbsp;&nbsp; 5.000% | 13488333 | &nbsp;&nbsp; 3466249 |
| CMO Series 5058 Class NI | CMO Series 5058 Class NI | CMO Series 5058 Class NI | CMO Series 5058 Class NI |
| 06/25/2050 | &nbsp;&nbsp; 3.000% | 13510001 | &nbsp;&nbsp; 2220739 |
| CMO Series 5079 Class DI | CMO Series 5079 Class DI | CMO Series 5079 Class DI | CMO Series 5079 Class DI |
| 02/25/2051 | &nbsp;&nbsp; 6.500% | 7448101 | &nbsp;&nbsp; 1276579 |
| CMO Series 5081 Class PI | CMO Series 5081 Class PI | CMO Series 5081 Class PI | CMO Series 5081 Class PI |
| 03/25/2051 | &nbsp;&nbsp; 3.000% | 38548486 | &nbsp;&nbsp; 6521429 |
| CMO Series 5088 Class IB | CMO Series 5088 Class IB | CMO Series 5088 Class IB | CMO Series 5088 Class IB |
| 03/25/2051 | &nbsp;&nbsp; 2.500% | 22239936 | &nbsp;&nbsp; 3252213 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5095 Class AI | CMO Series 5095 Class AI | CMO Series 5095 Class AI | CMO Series 5095 Class AI |
| 04/25/2051 | &nbsp;&nbsp; 3.500% | 17930705 | &nbsp;&nbsp; 3169460 |
| CMO Series 5113 Class MI | CMO Series 5113 Class MI | CMO Series 5113 Class MI | CMO Series 5113 Class MI |
| 06/25/2051 | &nbsp;&nbsp; 3.500% | 16219607 | &nbsp;&nbsp; 3154378 |
| CMO Series 5115 Class GI | CMO Series 5115 Class GI | CMO Series 5115 Class GI | CMO Series 5115 Class GI |
| 09/25/2050 | &nbsp;&nbsp; 3.000% | 9526888 | &nbsp;&nbsp; 1540995 |
| CMO Series 5148 Class EI | CMO Series 5148 Class EI | CMO Series 5148 Class EI | CMO Series 5148 Class EI |
| 10/25/2051 | &nbsp;&nbsp; 3.000% | 39209649 | &nbsp;&nbsp; 6214318 |
| CMO Series 5153 Class JI | CMO Series 5153 Class JI | CMO Series 5153 Class JI | CMO Series 5153 Class JI |
| 10/25/2051 | &nbsp;&nbsp; 3.500% | 7227204 | &nbsp;&nbsp; 1329365 |
| CMO Series 5217 Class PI | CMO Series 5217 Class PI | CMO Series 5217 Class PI | CMO Series 5217 Class PI |
| 04/25/2052 | &nbsp;&nbsp; 3.500% | 4456276 | &nbsp;&nbsp; 403710 |
| CMO Series 5223 Class IM | CMO Series 5223 Class IM | CMO Series 5223 Class IM | CMO Series 5223 Class IM |
| 02/25/2042 | &nbsp;&nbsp; 5.500% | 7576761 | &nbsp;&nbsp; 1175726 |
| Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS |
| CMO Series 3843 Class JZ | CMO Series 3843 Class JZ | CMO Series 3843 Class JZ | CMO Series 3843 Class JZ |
| 04/15/2041 | &nbsp;&nbsp; 5.100% | 1132215 | &nbsp;&nbsp; 1143642 |
| CMO Series 4372 Class Z | CMO Series 4372 Class Z | CMO Series 4372 Class Z | CMO Series 4372 Class Z |
| 08/15/2044 | &nbsp;&nbsp; 3.000% | 2612544 | &nbsp;&nbsp; 2390412 |
| CMO Series 4402 Class YB | CMO Series 4402 Class YB | CMO Series 4402 Class YB | CMO Series 4402 Class YB |
| 10/15/2044 | &nbsp;&nbsp; 3.000% | 2081499 | &nbsp;&nbsp; 1899966 |
| CMO Series 4612 Class HZ | CMO Series 4612 Class HZ | CMO Series 4612 Class HZ | CMO Series 4612 Class HZ |
| 08/15/2046 | &nbsp;&nbsp; 2.500% | 7500308 | &nbsp;&nbsp; 6362894 |
| CMO Series 4753 Class VZ | CMO Series 4753 Class VZ | CMO Series 4753 Class VZ | CMO Series 4753 Class VZ |
| 12/15/2047 | &nbsp;&nbsp; 3.000% | 1255101 | &nbsp;&nbsp; 1000896 |
| CMO Series 4755 Class Z | CMO Series 4755 Class Z | CMO Series 4755 Class Z | CMO Series 4755 Class Z |
| 02/15/2048 | &nbsp;&nbsp; 3.000% | 1242181 | &nbsp;&nbsp; 1103126 |
| CMO Series 4765 Class PZ | CMO Series 4765 Class PZ | CMO Series 4765 Class PZ | CMO Series 4765 Class PZ |
| 01/15/2048 | &nbsp;&nbsp; 3.000% | 3765135 | &nbsp;&nbsp; 2950033 |
| CMO Series 5237 Class GA | CMO Series 5237 Class GA | CMO Series 5237 Class GA | CMO Series 5237 Class GA |
| 09/25/2046 | &nbsp;&nbsp; 4.000% | 1808111 | &nbsp;&nbsp; 1770044 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(d),(e)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(d),(e)</sup>  |
| CMO Series 5065 Class EI | CMO Series 5065 Class EI | CMO Series 5065 Class EI | CMO Series 5065 Class EI |
| 11/25/2044 | &nbsp;&nbsp; 5.344% | 1078524 | &nbsp;&nbsp; 203877 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 03/01/2026- <br>03/01/2053<br>| &nbsp;&nbsp; 7.000% | 860132 | &nbsp;&nbsp; 906404 |
| 12/01/2026- <br>08/01/2027<br>| &nbsp;&nbsp; 8.000% | 939 | &nbsp;&nbsp; 942 |
| 04/01/2027- <br>06/01/2032<br>| &nbsp;&nbsp; 7.500% | 11371 | &nbsp;&nbsp; 11685 |
| 05/01/2029- <br>12/01/2054<br>| &nbsp;&nbsp; 6.000% | 68634644 | &nbsp;&nbsp; 70324415 |
| 03/01/2033- <br>12/01/2054<br>| &nbsp;&nbsp; 5.500% | 102486323 | &nbsp;&nbsp; 103354399 |
| 09/01/2033- <br>10/01/2053<br>| &nbsp;&nbsp; 3.000% | 257546619 | &nbsp;&nbsp; 224557327 |
| 10/01/2033- <br>12/01/2052<br>| &nbsp;&nbsp; 3.500% | 121707439 | &nbsp;&nbsp; 111281990 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 02/01/2037- <br>06/01/2062<br>| &nbsp;&nbsp; 2.500% | 301337564 | &nbsp;&nbsp; 252468433 |
| 07/01/2039- <br>02/01/2055<br>| &nbsp;&nbsp; 5.000% | 148966008 | &nbsp;&nbsp; 147467425 |
| 08/01/2040- <br>04/01/2052<br>| &nbsp;&nbsp; 2.000% | 288751679 | &nbsp;&nbsp; 231670485 |
| 10/01/2040- <br>06/01/2056<br>| &nbsp;&nbsp; 4.500% | 104482258 | &nbsp;&nbsp; 100897492 |
| 02/01/2041- <br>11/01/2052<br>| &nbsp;&nbsp; 4.000% | 88349600 | &nbsp;&nbsp; 83478367 |
| 11/01/2050- <br>11/01/2051<br>| &nbsp;&nbsp; 1.500% | 42656658 | &nbsp;&nbsp; 32218493 |
| 01/01/2053- <br>02/01/2054<br>| &nbsp;&nbsp; 6.500% | 11677915 | &nbsp;&nbsp; 12107709 |
| CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z |
| 04/25/2033 | &nbsp;&nbsp; 6.000% | 60186 | &nbsp;&nbsp; 62721 |
| CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT |
| 05/25/2033 | &nbsp;&nbsp; 4.500% | 2475 | &nbsp;&nbsp; 2452 |
| CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ |
| 06/25/2037 | &nbsp;&nbsp; 5.500% | 308657 | &nbsp;&nbsp; 323704 |
| CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA |
| 11/25/2040 | &nbsp;&nbsp; 4.000% | 1220631 | &nbsp;&nbsp; 1169447 |
| CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK |
| 03/25/2041 | &nbsp;&nbsp; 4.000% | 2363569 | &nbsp;&nbsp; 2326707 |
| CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT |
| 06/25/2041 | &nbsp;&nbsp; 4.500% | 203486 | &nbsp;&nbsp; 205016 |
| CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB |
| 09/25/2041 | &nbsp;&nbsp; 4.500% | 7000000 | &nbsp;&nbsp; 6904965 |
| CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ |
| 11/25/2042 | &nbsp;&nbsp; 3.500% | 8227053 | &nbsp;&nbsp; 7794149 |
| CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA |
| 07/25/2042 | &nbsp;&nbsp; 3.500% | 6379549 | &nbsp;&nbsp; 6039318 |
| CMO Series 2012-94 | CMO Series 2012-94 | CMO Series 2012-94 | CMO Series 2012-94 |
| 09/25/2042 | &nbsp;&nbsp; 3.500% | 7456313 | &nbsp;&nbsp; 7071539 |
| CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA |
| 08/25/2041 | &nbsp;&nbsp; 4.000% | 1224547 | &nbsp;&nbsp; 1196349 |
| CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP |
| 05/25/2043 | &nbsp;&nbsp; 6.000% | 38654 | &nbsp;&nbsp; 36698 |
| CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA |
| 06/25/2047 | &nbsp;&nbsp; 3.500% | 319943 | &nbsp;&nbsp; 311780 |
| CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET |
| 09/25/2048 | &nbsp;&nbsp; 3.000% | 2176140 | &nbsp;&nbsp; 1963030 |
| CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD |
| 12/25/2048 | &nbsp;&nbsp; 3.500% | 581105 | &nbsp;&nbsp; 529141 |
| CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ |
| 03/25/2049 | &nbsp;&nbsp; 4.000% | 2765967 | &nbsp;&nbsp; 2610473 |
| CMO Series 98-17 Class Z | CMO Series 98-17 Class Z | CMO Series 98-17 Class Z | CMO Series 98-17 Class Z |
| 04/18/2028 | &nbsp;&nbsp; 6.500% | 4335 | &nbsp;&nbsp; 4332 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  |
| 04/01/2051 | &nbsp;&nbsp; 2.000% | 13645907 | &nbsp;&nbsp; 10923160 |
| Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  |
| 07/01/2055 | &nbsp;&nbsp; 5.500% | 15455027 | &nbsp;&nbsp; 15548097 |
| Federal National Mortgage Association<sup>(b),(e)</sup>  | Federal National Mortgage Association<sup>(b),(e)</sup>  | Federal National Mortgage Association<sup>(b),(e)</sup>  | Federal National Mortgage Association<sup>(b),(e)</sup>  |
| CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS |
| -1.0 x 30-day Average SOFR + <br> 7.486% <br>Cap 7.600% <br>05/25/2034<br>| &nbsp;&nbsp; 3.137% | 716501 | &nbsp;&nbsp; 87739 |
| CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.476% <br>Cap 6.590% <br>06/25/2036<br>| &nbsp;&nbsp; 2.127% | 551121 | &nbsp;&nbsp; 60758 |
| CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>12/25/2039<br>| &nbsp;&nbsp; 1.737% | 1795838 | &nbsp;&nbsp; 205950 |
| CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>11/25/2039<br>| &nbsp;&nbsp; 1.787% | 2453087 | &nbsp;&nbsp; 228237 |
| CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.486% <br>Cap 6.600% <br>11/25/2040<br>| &nbsp;&nbsp; 2.137% | 2291880 | &nbsp;&nbsp; 312680 |
| CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>03/25/2040<br>| &nbsp;&nbsp; 1.787% | 3888955 | &nbsp;&nbsp; 294642 |
| CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.336% <br>Cap 6.450% <br>06/25/2040<br>| &nbsp;&nbsp; 1.987% | 996498 | &nbsp;&nbsp; 106973 |
| CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST |
| -1.0 x 30-day Average SOFR + <br> 6.426% <br>Cap 6.540% <br>12/25/2041<br>| &nbsp;&nbsp; 2.077% | 13128594 | &nbsp;&nbsp; 2099519 |
| CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS |
| -1.0 x 30-day Average SOFR + <br> 5.816% <br>Cap 5.930% <br>06/25/2041<br>| &nbsp;&nbsp; 1.467% | 3238225 | &nbsp;&nbsp; 306652 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>03/25/2027<br>| &nbsp;&nbsp; 2.237% | 107215 | &nbsp;&nbsp; 965 |
| CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>02/25/2043<br>| &nbsp;&nbsp; 1.687% | 3024114 | &nbsp;&nbsp; 349041 |
| CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>12/25/2043<br>| &nbsp;&nbsp; 1.487% | 10262104 | &nbsp;&nbsp; 1150594 |
| CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>10/25/2041<br>| &nbsp;&nbsp; 1.737% | 2387088 | &nbsp;&nbsp; 188186 |
| CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/25/2043<br>| &nbsp;&nbsp; 1.687% | 8835221 | &nbsp;&nbsp; 1207209 |
| CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>07/25/2044<br>| &nbsp;&nbsp; 2.237% | 2276749 | &nbsp;&nbsp; 334309 |
| CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2044<br>| &nbsp;&nbsp; 1.637% | 3939490 | &nbsp;&nbsp; 455987 |
| CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>01/25/2037<br>| &nbsp;&nbsp; 2.237% | 1958783 | &nbsp;&nbsp; 150364 |
| CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>04/25/2046<br>| &nbsp;&nbsp; 1.637% | 2887719 | &nbsp;&nbsp; 241667 |
| CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>10/25/2034<br>| &nbsp;&nbsp; 1.637% | 1324592 | &nbsp;&nbsp; 122449 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2046<br>| &nbsp;&nbsp; 1.637% | 3728867 | &nbsp;&nbsp; 276689 |
| CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2046<br>| &nbsp;&nbsp; 1.637% | 22218641 | &nbsp;&nbsp; 1637187 |
| CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>09/25/2046<br>| &nbsp;&nbsp; 1.787% | 3795642 | &nbsp;&nbsp; 371780 |
| CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>11/25/2046<br>| &nbsp;&nbsp; 1.637% | 5267030 | &nbsp;&nbsp; 390005 |
| CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/25/2046<br>| &nbsp;&nbsp; 1.637% | 9430596 | &nbsp;&nbsp; 1100710 |
| CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>12/25/2046<br>| &nbsp;&nbsp; 2.187% | 2190000 | &nbsp;&nbsp; 180901 |
| CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/25/2047<br>| &nbsp;&nbsp; 1.687% | 3494136 | &nbsp;&nbsp; 225442 |
| CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD |
| -1.0 x 30-day Average SOFR + <br> 3.836% <br>Cap 2.750% <br>08/25/2047<br>| &nbsp;&nbsp; 0.000% | 4821943 | &nbsp;&nbsp; 180820 |
| CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>09/25/2038<br>| &nbsp;&nbsp; 1.787% | 3049697 | &nbsp;&nbsp; 308611 |
| CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>08/25/2048<br>| &nbsp;&nbsp; 1.737% | 2234013 | &nbsp;&nbsp; 184566 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2049<br>| &nbsp;&nbsp; 1.687% | 9362822 | &nbsp;&nbsp; 814315 |
| CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>08/25/2049<br>| &nbsp;&nbsp; 1.637% | 8889678 | &nbsp;&nbsp; 850584 |
| Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC |
| 30-day Average SOFR + <br> 0.314% <br>Floor 0.200%, Cap 8.000% <br>12/25/2034<br>| &nbsp;&nbsp; 4.663% | 105704 | &nbsp;&nbsp; 105182 |
| CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH |
| -2.6 x 30-day Average SOFR + <br> 15.437% <br>Cap 15.738% <br>05/25/2035<br>| &nbsp;&nbsp; 4.032% | 99681 | &nbsp;&nbsp; 104666 |
| CMO Series 2007-90 Class F | CMO Series 2007-90 Class F | CMO Series 2007-90 Class F | CMO Series 2007-90 Class F |
| 30-day Average SOFR + <br> 0.604% <br>Floor 0.490%, Cap 7.000% <br>09/25/2037<br>| &nbsp;&nbsp; 4.953% | 5682 | &nbsp;&nbsp; 5675 |
| CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 |
| -6.0 x 30-day Average SOFR + <br> 38.493% <br>Cap 39.180% <br>07/25/2037<br>| &nbsp;&nbsp; 12.403% | 33099 | &nbsp;&nbsp; 44521 |
| CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS |
| -5.0 x 30-day Average SOFR + <br> 32.428% <br>Cap 33.000% <br>08/25/2036<br>| &nbsp;&nbsp; 10.686% | 156273 | &nbsp;&nbsp; 209938 |
| CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS |
| -2.0 x 30-day Average SOFR + <br> 9.771% <br>Cap 10.000% <br>12/25/2040<br>| &nbsp;&nbsp; 1.080% | 420858 | &nbsp;&nbsp; 294152 |
| CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL |
| 30-day Average SOFR + <br> 0.664% <br>Floor 0.550%, Cap 7.000% <br>10/25/2040<br>| &nbsp;&nbsp; 5.013% | 76039 | &nbsp;&nbsp; 75960 |
| CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA |
| 30-day Average SOFR + <br> 0.614% <br>Floor 0.500%, Cap 6.500% <br>02/25/2042<br>| &nbsp;&nbsp; 4.963% | 567696 | &nbsp;&nbsp; 562354 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT |
| -3.0 x 30-day Average SOFR + <br> 13.157% <br>Cap 4.500% <br>10/25/2042<br>| &nbsp;&nbsp; 0.121% | 310600 | &nbsp;&nbsp; 222060 |
| CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT |
| -4.5 x 30-day Average SOFR + <br> 17.485% <br>Cap 4.500% <br>01/25/2043<br>| &nbsp;&nbsp; 0.000% | 32299 | &nbsp;&nbsp; 21761 |
| Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  |
| CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI |
| 03/25/2043 | &nbsp;&nbsp; 4.000% | 2603028 | &nbsp;&nbsp; 221171 |
| CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI |
| 03/25/2043 | &nbsp;&nbsp; 5.000% | 3690236 | &nbsp;&nbsp; 586942 |
| CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB |
| 04/25/2033 | &nbsp;&nbsp; 3.000% | 3443504 | &nbsp;&nbsp; 263165 |
| CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI |
| 02/25/2033 | &nbsp;&nbsp; 3.000% | 3373888 | &nbsp;&nbsp; 168037 |
| CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI |
| 07/25/2045 | &nbsp;&nbsp; 5.500% | 16661556 | &nbsp;&nbsp; 2380936 |
| CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI |
| 06/25/2050 | &nbsp;&nbsp; 2.500% | 15779219 | &nbsp;&nbsp; 1622411 |
| CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI |
| 12/25/2040 | &nbsp;&nbsp; 5.000% | 3944704 | &nbsp;&nbsp; 756586 |
| CMO Series 20434 Class C24 | CMO Series 20434 Class C24 | CMO Series 20434 Class C24 | CMO Series 20434 Class C24 |
| 06/25/2053 | &nbsp;&nbsp; 4.500% | 27563073 | &nbsp;&nbsp; 6446071 |
| CMO Series 385 Class 8 | CMO Series 385 Class 8 | CMO Series 385 Class 8 | CMO Series 385 Class 8 |
| 12/25/2037 | &nbsp;&nbsp; 5.500% | 1344806 | &nbsp;&nbsp; 244042 |
| CMO Series 426 Class C58 | CMO Series 426 Class C58 | CMO Series 426 Class C58 | CMO Series 426 Class C58 |
| 03/25/2052 | &nbsp;&nbsp; 3.000% | 31525991 | &nbsp;&nbsp; 5392259 |
| CMO Series 427 Class C17 | CMO Series 427 Class C17 | CMO Series 427 Class C17 | CMO Series 427 Class C17 |
| 01/25/2035 | &nbsp;&nbsp; 3.000% | 8336974 | &nbsp;&nbsp; 745119 |
| CMO Series 427 Class C57 | CMO Series 427 Class C57 | CMO Series 427 Class C57 | CMO Series 427 Class C57 |
| 02/25/2032 | &nbsp;&nbsp; 2.500% | 42521852 | &nbsp;&nbsp; 2400635 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 01/25/2052 | &nbsp;&nbsp; 4.500% | 2241227 | &nbsp;&nbsp; 578815 |
| Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  | Federal National Mortgage Association<sup>(d),(e)</sup>  |
| CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO |
| 03/25/2059 | &nbsp;&nbsp; 1.083% | 7819804 | &nbsp;&nbsp; 496490 |
| Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS |
| CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY |
| 12/25/2040 | &nbsp;&nbsp; 4.000% | 1243684 | &nbsp;&nbsp; 1216948 |
| CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z |
| 10/25/2042 | &nbsp;&nbsp; 3.500% | 2172722 | &nbsp;&nbsp; 2057361 |
| CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA |
| 03/25/2043 | &nbsp;&nbsp; 3.000% | 2904248 | &nbsp;&nbsp; 2666092 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ |
| 07/25/2043 | &nbsp;&nbsp; 3.000% | 14254594 | &nbsp;&nbsp; 12934051 |
| CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX |
| 12/25/2047 | &nbsp;&nbsp; 4.000% | 7625118 | &nbsp;&nbsp; 7272002 |
| CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB |
| 12/25/2049 | &nbsp;&nbsp; 3.500% | 2261351 | &nbsp;&nbsp; 2056573 |
| CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG |
| 07/25/2050 | &nbsp;&nbsp; 2.000% | 1761951 | &nbsp;&nbsp; 1447827 |
| Federal National Mortgage Association REMICS<sup>(e)</sup>  | Federal National Mortgage Association REMICS<sup>(e)</sup>  | Federal National Mortgage Association REMICS<sup>(e)</sup>  | Federal National Mortgage Association REMICS<sup>(e)</sup>  |
| CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI |
| 02/25/2033 | &nbsp;&nbsp; 3.000% | 5138466 | &nbsp;&nbsp; 360896 |
| CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI |
| 11/25/2045 | &nbsp;&nbsp; 5.500% | 4729817 | &nbsp;&nbsp; 719680 |
| CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID |
| 07/25/2047 | &nbsp;&nbsp; 4.000% | 1984356 | &nbsp;&nbsp; 343242 |
| CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI |
| 07/25/2050 | &nbsp;&nbsp; 4.000% | 38482816 | &nbsp;&nbsp; 7485685 |
| CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI |
| 10/25/2050 | &nbsp;&nbsp; 5.500% | 3950596 | &nbsp;&nbsp; 691005 |
| CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB |
| 05/25/2050 | &nbsp;&nbsp; 3.500% | 10880084 | &nbsp;&nbsp; 1976004 |
| CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB |
| 02/25/2061 | &nbsp;&nbsp; 3.500% | 11560453 | &nbsp;&nbsp; 2017321 |
| CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI |
| 11/25/2051 | &nbsp;&nbsp; 3.500% | 19360759 | &nbsp;&nbsp; 4097329 |
| CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI |
| 01/25/2052 | &nbsp;&nbsp; 3.000% | 22593852 | &nbsp;&nbsp; 3799190 |
| CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH |
| 07/25/2052 | &nbsp;&nbsp; 4.500% | 2777777 | &nbsp;&nbsp; 585159 |
| CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI |
| 02/25/2052 | &nbsp;&nbsp; 3.000% | 24819209 | &nbsp;&nbsp; 2942915 |
| Federal National Mortgage Association REMICS<sup>(b),(e)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(e)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(e)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(e)</sup>  |
| CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.786% <br>Cap 5.900% <br>01/25/2044<br>| &nbsp;&nbsp; 1.437% | 8243800 | &nbsp;&nbsp; 889433 |
| CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>03/25/2047<br>| &nbsp;&nbsp; 1.587% | 7297937 | &nbsp;&nbsp; 920319 |
| CMO Series 2017-38 Class S | CMO Series 2017-38 Class S | CMO Series 2017-38 Class S | CMO Series 2017-38 Class S |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>05/25/2047<br>| &nbsp;&nbsp; 1.637% | 12566975 | &nbsp;&nbsp; 1573327 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>06/25/2048<br>| &nbsp;&nbsp; 1.737% | 9221489 | &nbsp;&nbsp; 1183961 |
| CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>06/25/2049<br>| &nbsp;&nbsp; 1.587% | 30913066 | &nbsp;&nbsp; 3586432 |
| CMO Series 3908 Class XS | CMO Series 3908 Class XS | CMO Series 3908 Class XS | CMO Series 3908 Class XS |
| -1.0 x 30-day Average SOFR + <br> 6.336% <br>Cap 6.450% <br>06/15/2039<br>| &nbsp;&nbsp; 1.993% | 6593264 | &nbsp;&nbsp; 733516 |
| Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  |
| CMO Series 204314 Class SA | CMO Series 204314 Class SA | CMO Series 204314 Class SA | CMO Series 204314 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>03/15/2044<br>| &nbsp;&nbsp; 1.543% | 2734325 | &nbsp;&nbsp; 253887 |
| CMO Series 4715 Class JS | CMO Series 4715 Class JS | CMO Series 4715 Class JS | CMO Series 4715 Class JS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>08/15/2047<br>| &nbsp;&nbsp; 1.693% | 4337502 | &nbsp;&nbsp; 541263 |
| CMO Series 4795 Class MS | CMO Series 4795 Class MS | CMO Series 4795 Class MS | CMO Series 4795 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>06/15/2048<br>| &nbsp;&nbsp; 1.693% | 3579599 | &nbsp;&nbsp; 470836 |
| Freddie Mac REMICS<sup>(e)</sup>  | Freddie Mac REMICS<sup>(e)</sup>  | Freddie Mac REMICS<sup>(e)</sup>  | Freddie Mac REMICS<sup>(e)</sup>  |
| CMO Series 4999 Class QI | CMO Series 4999 Class QI | CMO Series 4999 Class QI | CMO Series 4999 Class QI |
| 05/25/2050 | &nbsp;&nbsp; 4.000% | 169859 | &nbsp;&nbsp; 33661 |
| CMO Series 5093 Class IV | CMO Series 5093 Class IV | CMO Series 5093 Class IV | CMO Series 5093 Class IV |
| 12/25/2050 | &nbsp;&nbsp; 4.500% | 7739584 | &nbsp;&nbsp; 1798302 |
| CMO Series 5093 Class VI | CMO Series 5093 Class VI | CMO Series 5093 Class VI | CMO Series 5093 Class VI |
| 12/25/2050 | &nbsp;&nbsp; 4.500% | 13237601 | &nbsp;&nbsp; 3075774 |
| CMO Series 5282A Class GI | CMO Series 5282A Class GI | CMO Series 5282A Class GI | CMO Series 5282A Class GI |
| 02/25/2050 | &nbsp;&nbsp; 4.000% | 2290595 | &nbsp;&nbsp; 490391 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 05/15/2040- <br>05/20/2053<br>| &nbsp;&nbsp; 5.000% | 5177763 | &nbsp;&nbsp; 5176673 |
| 05/20/2041- <br>10/20/2054<br>| &nbsp;&nbsp; 4.500% | 41038806 | &nbsp;&nbsp; 39802132 |
| 02/15/2042- <br>07/20/2053<br>| &nbsp;&nbsp; 4.000% | 14950264 | &nbsp;&nbsp; 14101726 |
| 08/20/2042- <br>10/20/2052<br>| &nbsp;&nbsp; 3.500% | 61197000 | &nbsp;&nbsp; 56464262 |
| 12/20/2046- <br>06/20/2052<br>| &nbsp;&nbsp; 3.000% | 83071210 | &nbsp;&nbsp; 73656450 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 10/20/2049- <br>04/20/2052<br>| &nbsp;&nbsp; 2.500% | 52269744 | &nbsp;&nbsp; 44598007 |
| 12/20/2050- <br>03/20/2052<br>| &nbsp;&nbsp; 2.000% | 37109644 | &nbsp;&nbsp; 30411272 |
| 01/20/2053- <br>04/20/2053<br>| &nbsp;&nbsp; 5.500% | 32638970 | &nbsp;&nbsp; 33067861 |
| 04/20/2053 | &nbsp;&nbsp; 6.000% | 9281257 | &nbsp;&nbsp; 9527454 |
| 03/20/2054 | &nbsp;&nbsp; 6.500% | 2556911 | &nbsp;&nbsp; 2633201 |
| CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA |
| 06/16/2035 | &nbsp;&nbsp; 6.000% | 1838864 | &nbsp;&nbsp; 1911940 |
| CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD |
| 11/20/2039 | &nbsp;&nbsp; 5.000% | 1047715 | &nbsp;&nbsp; 1070256 |
| CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX |
| 07/20/2039 | &nbsp;&nbsp; 5.000% | 1290226 | &nbsp;&nbsp; 1295420 |
| CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB |
| 08/20/2039 | &nbsp;&nbsp; 5.000% | 1416129 | &nbsp;&nbsp; 1431085 |
| CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL |
| 04/16/2040 | &nbsp;&nbsp; 4.000% | 1422643 | &nbsp;&nbsp; 1406317 |
| CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY |
| 09/20/2040 | &nbsp;&nbsp; 4.000% | 1340972 | &nbsp;&nbsp; 1316717 |
| CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE |
| 10/16/2040 | &nbsp;&nbsp; 4.000% | 3125389 | &nbsp;&nbsp; 3096852 |
| CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP |
| 02/16/2043 | &nbsp;&nbsp; 2.750% | 3476988 | &nbsp;&nbsp; 3339501 |
| CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB |
| 08/20/2046 | &nbsp;&nbsp; 2.500% | 1097000 | &nbsp;&nbsp; 799861 |
| CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ |
| 01/20/2048 | &nbsp;&nbsp; 3.000% | 4647507 | &nbsp;&nbsp; 3754717 |
| CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE |
| 08/20/2048 | &nbsp;&nbsp; 3.500% | 1233946 | &nbsp;&nbsp; 1109330 |
| CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ |
| 10/20/2048 | &nbsp;&nbsp; 3.500% | 4076733 | &nbsp;&nbsp; 3892987 |
| CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL |
| 11/20/2045 | &nbsp;&nbsp; 3.500% | 597841 | &nbsp;&nbsp; 581306 |
| CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL |
| 08/20/2053 | &nbsp;&nbsp; 6.000% | 3156047 | &nbsp;&nbsp; 3226266 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| 1-year CMT + 1.140% <br>03/20/2066<br>| &nbsp;&nbsp; 5.270% | 26671 | &nbsp;&nbsp; 26888 |
| 1-year CMT + 0.827% <br>04/20/2066<br>| &nbsp;&nbsp; 4.957% | 96649 | &nbsp;&nbsp; 97471 |
| CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS |
| -6.0 x 1-month Term SOFR + <br> 38.973% <br>Cap 39.660% <br>07/20/2036<br>| &nbsp;&nbsp; 12.931% | 360801 | &nbsp;&nbsp; 502353 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA |
| 1-month Term SOFR + 0.664% <br>Floor 0.550%, Cap 10.690% <br>03/20/2060<br>| &nbsp;&nbsp; 5.005% | 75163 | &nbsp;&nbsp; 75239 |
| CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF |
| 1-month Term SOFR + 0.464% <br>Floor 0.350%, Cap 13.898% <br>08/20/2058<br>| &nbsp;&nbsp; 4.792% | 11725 | &nbsp;&nbsp; 11719 |
| CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA |
| 1-month Term SOFR + 0.814% <br>Floor 0.700%, Cap 10.500% <br>09/20/2062<br>| &nbsp;&nbsp; 5.002% | 18002 | &nbsp;&nbsp; 18025 |
| CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF |
| 1-month Term SOFR + 0.814% <br>Floor 0.700% <br>05/20/2061<br>| &nbsp;&nbsp; 5.142% | 99 | &nbsp;&nbsp; 99 |
| CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF |
| 1-month Term SOFR + 0.764% <br>Floor 0.650% <br>05/20/2061<br>| &nbsp;&nbsp; 5.092% | 88 | &nbsp;&nbsp; 88 |
| CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA |
| 1-month Term SOFR + 0.814% <br>Floor 0.700% <br>12/20/2061<br>| &nbsp;&nbsp; 5.142% | 28125 | &nbsp;&nbsp; 27580 |
| CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD |
| 1-month Term SOFR + 0.454% <br>Floor 0.340%, Cap 10.500% <br>12/20/2062<br>| &nbsp;&nbsp; 4.782% | 35838 | &nbsp;&nbsp; 35763 |
| CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB |
| 1-month Term SOFR + 0.514% <br>Floor 0.400% <br>02/20/2062<br>| &nbsp;&nbsp; 4.868% | 1916 | &nbsp;&nbsp; 1897 |
| CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 10.000% <br>03/20/2063<br>| &nbsp;&nbsp; 4.842% | 305337 | &nbsp;&nbsp; 304008 |
| CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD |
| 1-month Term SOFR + 0.584% <br>Floor 0.470%, Cap 11.000% <br>06/20/2063<br>| &nbsp;&nbsp; 4.912% | 118763 | &nbsp;&nbsp; 118710 |
| CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA |
| 1-month Term SOFR + 0.664% <br>Floor 0.550%, Cap 11.000% <br>07/20/2063<br>| &nbsp;&nbsp; 4.992% | 19254 | &nbsp;&nbsp; 19271 |
| CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA |
| 1-month Term SOFR + 0.614% <br>Floor 0.500%, Cap 10.190% <br>07/20/2063<br>| &nbsp;&nbsp; 4.942% | 9760 | &nbsp;&nbsp; 9760 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC |
| 1-month Term SOFR + 0.714% <br>Floor 0.600%, Cap 11.000% <br>08/20/2063<br>| &nbsp;&nbsp; 5.042% | 119514 | &nbsp;&nbsp; 119695 |
| CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC |
| 1-month Term SOFR + 0.714% <br>Floor 0.600%, Cap 11.000% <br>08/20/2065<br>| &nbsp;&nbsp; 5.042% | 6783 | &nbsp;&nbsp; 6795 |
| CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB |
| 1-month Term SOFR + 0.764% <br>Floor 0.650%, Cap 15.000% <br>06/20/2066<br>| &nbsp;&nbsp; 5.092% | 210634 | &nbsp;&nbsp; 211112 |
| CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM |
| 1-month Term SOFR + 0.414% <br>Floor 0.300%, Cap 11.000% <br>03/20/2068<br>| &nbsp;&nbsp; 4.742% | 745707 | &nbsp;&nbsp; 743946 |
| CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL |
| 1-month Term SOFR + 0.564% <br>Floor 0.450%, Cap 11.000% <br>12/20/2068<br>| &nbsp;&nbsp; 4.892% | 143221 | &nbsp;&nbsp; 143154 |
| CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 11.000% <br>05/20/2069<br>| &nbsp;&nbsp; 4.842% | 554699 | &nbsp;&nbsp; 554051 |
| CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 11.000% <br>08/20/2070<br>| &nbsp;&nbsp; 4.842% | 914532 | &nbsp;&nbsp; 913195 |
| CMO Series 2022-201 Class FB | CMO Series 2022-201 Class FB | CMO Series 2022-201 Class FB | CMO Series 2022-201 Class FB |
| 30-day Average SOFR + <br> 1.250% <br>Floor 1.250%, Cap 6.500% <br>11/20/2052<br>| &nbsp;&nbsp; 5.595% | 2579088 | &nbsp;&nbsp; 2585173 |
| CMO Series 2022-H01 Class FE | CMO Series 2022-H01 Class FE | CMO Series 2022-H01 Class FE | CMO Series 2022-H01 Class FE |
| 1-month Term SOFR + 0.614% <br>Floor 0.500%, Cap 99.000% <br>01/20/2072<br>| &nbsp;&nbsp; 4.845% | 6780092 | &nbsp;&nbsp; 6757106 |
| CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF |
| 30-day Average SOFR + <br> 0.450% <br>Floor 0.450%, Cap 11.000% <br>04/20/2072<br>| &nbsp;&nbsp; 4.795% | 1969265 | &nbsp;&nbsp; 1962601 |
| CMO Series 2022-H09 Class GF | CMO Series 2022-H09 Class GF | CMO Series 2022-H09 Class GF | CMO Series 2022-H09 Class GF |
| 30-day Average SOFR + <br> 0.700% <br>Floor 0.700% <br>04/20/2072<br>| &nbsp;&nbsp; 5.045% | 1972014 | &nbsp;&nbsp; 1972336 |
| CMO Series 2022-H22 Class FE | CMO Series 2022-H22 Class FE | CMO Series 2022-H22 Class FE | CMO Series 2022-H22 Class FE |
| 30-day Average SOFR + <br> 1.040% <br>Floor 1.040%, Cap 7.500% <br>09/20/2072<br>| &nbsp;&nbsp; 5.385% | 1692652 | &nbsp;&nbsp; 1694659 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-97 Class FW | CMO Series 2024-97 Class FW | CMO Series 2024-97 Class FW | CMO Series 2024-97 Class FW |
| 30-day Average SOFR + <br> 1.150% <br>Floor 1.150%, Cap 6.500% <br>06/20/2054<br>| &nbsp;&nbsp; 5.495% | 4216347 | &nbsp;&nbsp; 4225704 |
| Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  |
| CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES |
| -1.0 x 1-month Term SOFR + <br> 4.886% <br>Cap 5.000% <br>03/20/2040<br>| &nbsp;&nbsp; 0.545% | 5281296 | &nbsp;&nbsp; 370077 |
| CMO Series 2011-13 Class S | CMO Series 2011-13 Class S | CMO Series 2011-13 Class S | CMO Series 2011-13 Class S |
| -1.0 x 1-month Term SOFR + <br> 5.836% <br>Cap 5.950% <br>01/16/2041<br>| &nbsp;&nbsp; 1.476% | 3293209 | &nbsp;&nbsp; 324008 |
| CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB |
| -1.0 x 1-month Term SOFR + <br> 6.486% <br>Cap 6.600% <br>02/20/2041<br>| &nbsp;&nbsp; 2.145% | 1551711 | &nbsp;&nbsp; 158907 |
| CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.586% <br>Cap 5.700% <br>10/20/2045<br>| &nbsp;&nbsp; 1.245% | 2302332 | &nbsp;&nbsp; 237965 |
| CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>06/20/2047<br>| &nbsp;&nbsp; 1.745% | 7108642 | &nbsp;&nbsp; 1056550 |
| CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>10/20/2049<br>| &nbsp;&nbsp; 1.645% | 9704058 | &nbsp;&nbsp; 1239627 |
| CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>01/20/2049<br>| &nbsp;&nbsp; 1.645% | 7422326 | &nbsp;&nbsp; 911009 |
| CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 1.595% | 12158562 | &nbsp;&nbsp; 1307330 |
| CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>01/20/2049<br>| &nbsp;&nbsp; 1.645% | 6241338 | &nbsp;&nbsp; 618623 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG |
| -1.0 x 1-month Term SOFR + <br> 5.486% <br>Cap 5.600% <br>07/20/2049<br>| &nbsp;&nbsp; 1.145% | 2786689 | &nbsp;&nbsp; 183689 |
| CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB |
| -1.0 x 1-month Term SOFR + <br> 6.136% <br>Cap 6.250% <br>08/20/2050<br>| &nbsp;&nbsp; 1.795% | 3280015 | &nbsp;&nbsp; 467864 |
| CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>03/20/2051<br>| &nbsp;&nbsp; 1.845% | 17103568 | &nbsp;&nbsp; 2525843 |
| CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN |
| -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>08/20/2054<br>| &nbsp;&nbsp; 1.605% | 7542120 | &nbsp;&nbsp; 646699 |
| Government National Mortgage Association<sup>(d)</sup>  | Government National Mortgage Association<sup>(d)</sup>  | Government National Mortgage Association<sup>(d)</sup>  | Government National Mortgage Association<sup>(d)</sup>  |
| CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ |
| 07/20/2060 | &nbsp;&nbsp; 5.147% | 1399 | &nbsp;&nbsp; 1401 |
| CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA |
| 12/20/2066 | &nbsp;&nbsp; 4.432% | 274 | &nbsp;&nbsp; 271 |
| Series 2003-72 Class Z | Series 2003-72 Class Z | Series 2003-72 Class Z | Series 2003-72 Class Z |
| 11/16/2045 | &nbsp;&nbsp; 5.477% | 142434 | &nbsp;&nbsp; 142092 |
| Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  |
| CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT |
| 01/20/2043 | &nbsp;&nbsp; 5.000% | 2527996 | &nbsp;&nbsp; 517187 |
| CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI |
| 07/20/2046 | &nbsp;&nbsp; 4.000% | 4757695 | &nbsp;&nbsp; 801923 |
| CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI |
| 07/20/2046 | &nbsp;&nbsp; 3.500% | 1763838 | &nbsp;&nbsp; 303580 |
| CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI |
| 07/20/2047 | &nbsp;&nbsp; 4.000% | 3149120 | &nbsp;&nbsp; 527777 |
| CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI |
| 04/20/2047 | &nbsp;&nbsp; 6.000% | 2165203 | &nbsp;&nbsp; 319686 |
| CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI |
| 05/20/2047 | &nbsp;&nbsp; 5.500% | 861426 | &nbsp;&nbsp; 126176 |
| CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI |
| 09/20/2046 | &nbsp;&nbsp; 5.500% | 1385002 | &nbsp;&nbsp; 237342 |
| CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI |
| 09/20/2049 | &nbsp;&nbsp; 3.500% | 18429484 | &nbsp;&nbsp; 3535802 |
| CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI |
| 08/16/2049 | &nbsp;&nbsp; 4.000% | 4639037 | &nbsp;&nbsp; 969650 |
| CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 22348273 | &nbsp;&nbsp; 3696121 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 8187870 | &nbsp;&nbsp; 1384097 |
| CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA |
| 12/20/2050 | &nbsp;&nbsp; 2.500% | 2713837 | &nbsp;&nbsp; 385159 |
| CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI |
| 01/20/2051 | &nbsp;&nbsp; 2.000% | 35797351 | &nbsp;&nbsp; 4257014 |
| CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI |
| 01/20/2051 | &nbsp;&nbsp; 2.500% | 6926262 | &nbsp;&nbsp; 1014075 |
| CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM |
| 05/20/2051 | &nbsp;&nbsp; 3.500% | 3134929 | &nbsp;&nbsp; 606027 |
| CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI |
| 07/20/2052 | &nbsp;&nbsp; 5.000% | 8258914 | &nbsp;&nbsp; 1461234 |
| CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI |
| 06/20/2052 | &nbsp;&nbsp; 5.500% | 2155382 | &nbsp;&nbsp; 373770 |
| CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO |
| 02/20/2053 | &nbsp;&nbsp; 5.000% | 30732938 | &nbsp;&nbsp; 7106512 |
| Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  | Government National Mortgage Association<sup>(d),(e)</sup>  |
| CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.423% | 8429851 | &nbsp;&nbsp; 173593 |
| CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI |
| 02/20/2064 | &nbsp;&nbsp; 1.555% | 1363802 | &nbsp;&nbsp; 42892 |
| CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI |
| 06/20/2064 | &nbsp;&nbsp; 1.673% | 2401215 | &nbsp;&nbsp; 59920 |
| CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI |
| 05/20/2064 | &nbsp;&nbsp; 1.439% | 975062 | &nbsp;&nbsp; 46619 |
| CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI |
| 10/20/2064 | &nbsp;&nbsp; 1.373% | 157929 | &nbsp;&nbsp; 10371 |
| CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO |
| 12/16/2057 | &nbsp;&nbsp; 0.730% | 1506753 | &nbsp;&nbsp; 54201 |
| CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG |
| 01/16/2057 | &nbsp;&nbsp; 0.599% | 5768801 | &nbsp;&nbsp; 154279 |
| CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.739% | 1992059 | &nbsp;&nbsp; 79613 |
| CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO |
| 09/16/2049 | &nbsp;&nbsp; 0.569% | 3343902 | &nbsp;&nbsp; 70033 |
| CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.404% | 1101544 | &nbsp;&nbsp; 12834 |
| CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO |
| 02/16/2049 | &nbsp;&nbsp; 0.505% | 6069686 | &nbsp;&nbsp; 107223 |
| CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI |
| 09/20/2065 | &nbsp;&nbsp; 1.810% | 768442 | &nbsp;&nbsp; 32476 |
| CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO |
| 12/16/2055 | &nbsp;&nbsp; 0.712% | 4033064 | &nbsp;&nbsp; 113035 |
| CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO |
| 10/16/2060 | &nbsp;&nbsp; 0.957% | 5762446 | &nbsp;&nbsp; 398862 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA |
| 03/16/2047 | &nbsp;&nbsp; 4.048% | 7398783 | &nbsp;&nbsp; 1285764 |
| CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO |
| 10/16/2062 | &nbsp;&nbsp; 0.843% | 7519804 | &nbsp;&nbsp; 481113 |
| CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO |
| 02/16/2063 | &nbsp;&nbsp; 0.822% | 6543127 | &nbsp;&nbsp; 401678 |
| CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO |
| 04/20/2070 | &nbsp;&nbsp; 0.000% | 7226085 | &nbsp;&nbsp; 47932 |
| CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA |
| 01/20/2068 | &nbsp;&nbsp; 0.008% | 979701 | &nbsp;&nbsp; 7237 |
| Government National Mortgage Association TBA<sup>(c)</sup>  | Government National Mortgage Association TBA<sup>(c)</sup>  | Government National Mortgage Association TBA<sup>(c)</sup>  | Government National Mortgage Association TBA<sup>(c)</sup>  |
| 09/23/2054 | &nbsp;&nbsp; 5.000% | 54440000 | &nbsp;&nbsp; 53887004 |
| 09/22/2055 | &nbsp;&nbsp; 2.500% | 54675000 | &nbsp;&nbsp; 46600849 |
| 09/22/2055- <br>10/20/2055<br>| &nbsp;&nbsp; 3.500% | 46575000 | &nbsp;&nbsp; 42349224 |
| 09/22/2055 | &nbsp;&nbsp; 4.000% | 45825000 | &nbsp;&nbsp; 42743096 |
| 09/22/2055 | &nbsp;&nbsp; 4.500% | 39800000 | &nbsp;&nbsp; 38326499 |
| 09/22/2055- <br>10/20/2055<br>| &nbsp;&nbsp; 5.500% | 67400000 | &nbsp;&nbsp; 67882052 |
| 09/22/2055 | &nbsp;&nbsp; 6.000% | 6675000 | &nbsp;&nbsp; 6807348 |
| Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust |
| CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) |
| 11/25/2057 | &nbsp;&nbsp; 3.500% | 3558132 | &nbsp;&nbsp; 3379113 |
| Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  |
| 09/14/2053- <br>10/14/2055<br>| &nbsp;&nbsp; 2.500% | 48825000 | &nbsp;&nbsp; 40531133 |
| 10/12/2053- <br>09/15/2055<br>| &nbsp;&nbsp; 5.500% | 42250000 | &nbsp;&nbsp; 42472302 |
| 09/15/2055- <br>10/14/2055<br>| &nbsp;&nbsp; 2.000% | 71250000 | &nbsp;&nbsp; 56572578 |
| 09/15/2055 | &nbsp;&nbsp; 3.000% | 26550000 | &nbsp;&nbsp; 22997811 |
| 09/15/2055 | &nbsp;&nbsp; 3.500% | 59200000 | &nbsp;&nbsp; 53474325 |
| 09/15/2055 | &nbsp;&nbsp; 4.000% | 93600000 | &nbsp;&nbsp; 87333365 |
| 09/15/2055- <br>10/14/2055<br>| &nbsp;&nbsp; 4.500% | 53950000 | &nbsp;&nbsp; 51877870 |
| 09/15/2055- <br>10/14/2055<br>| &nbsp;&nbsp; 5.000% | 32325000 | &nbsp;&nbsp; 31862853 |
| 09/15/2055 | &nbsp;&nbsp; 6.000% | 9196000 | &nbsp;&nbsp; 9394299 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,791,851,388) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,791,851,388) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,791,851,388) | &nbsp;&nbsp; **3693786546** |
| **Residential Mortgage-Backed Securities - Non-Agency 5.1%** | **Residential Mortgage-Backed Securities - Non-Agency 5.1%** | **Residential Mortgage-Backed Securities - Non-Agency 5.1%** | **Residential Mortgage-Backed Securities - Non-Agency 5.1%** |
| ACE Securities Corp. Home Equity Loan Trust<sup>(b)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(b)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(b)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D |
| 1-month Term SOFR + 0.594% <br>Floor 0.480% <br>04/25/2036<br>| &nbsp;&nbsp; 4.917% | 6241070 | &nbsp;&nbsp; 5737996 |
| Ajax Mortgage Loan Trust<sup>(a),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(n)</sup>  |
| CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 |
| 07/25/2059 | &nbsp;&nbsp; 2.860% | 2643540 | &nbsp;&nbsp; 2575204 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Angel Oak Mortgage Trust<sup>(a),(n)</sup>  | Angel Oak Mortgage Trust<sup>(a),(n)</sup>  | Angel Oak Mortgage Trust<sup>(a),(n)</sup>  | Angel Oak Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 4.300% | 13755337 | &nbsp;&nbsp; 13738950 |
| Arroyo Mortgage Trust<sup>(a)</sup>  | Arroyo Mortgage Trust<sup>(a)</sup>  | Arroyo Mortgage Trust<sup>(a)</sup>  | Arroyo Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 |
| 12/25/2056 | &nbsp;&nbsp; 3.650% | 1000000 | &nbsp;&nbsp; 812133 |
| ATLX Trust<sup>(a),(n)</sup>  | ATLX Trust<sup>(a),(n)</sup>  | ATLX Trust<sup>(a),(n)</sup>  | ATLX Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 |
| 04/25/2064 | &nbsp;&nbsp; 3.850% | 3751956 | &nbsp;&nbsp; 3638576 |
| Banc of America Funding Trust | Banc of America Funding Trust | Banc of America Funding Trust | Banc of America Funding Trust |
| CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 |
| 03/25/2036 | &nbsp;&nbsp; 6.000% | 182576 | &nbsp;&nbsp; 155068 |
| CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 |
| 03/25/2036 | &nbsp;&nbsp; 5.500% | 261310 | &nbsp;&nbsp; 237964 |
| Banc of America Funding Trust<sup>(t)</sup>  | Banc of America Funding Trust<sup>(t)</sup>  | Banc of America Funding Trust<sup>(t)</sup>  | Banc of America Funding Trust<sup>(t)</sup>  |
| CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 |
| 05/20/2036 | &nbsp;&nbsp; 4.907% | 521548 | &nbsp;&nbsp; 465174 |
| Banc of America Funding Trust<sup>(b)</sup>  | Banc of America Funding Trust<sup>(b)</sup>  | Banc of America Funding Trust<sup>(b)</sup>  | Banc of America Funding Trust<sup>(b)</sup>  |
| CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 |
| 1-month Term SOFR + 0.534% <br>Floor 0.420% <br>05/20/2047<br>| &nbsp;&nbsp; 4.875% | 1126676 | &nbsp;&nbsp; 1038549 |
| Bayview MSR Opportunity Master Fund Trust<sup>(a),(d)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(a),(d)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(a),(d)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 |
| 11/25/2051 | &nbsp;&nbsp; 3.481% | 912991 | &nbsp;&nbsp; 791926 |
| Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A |
| 12/25/2051 | &nbsp;&nbsp; 3.395% | 1380861 | &nbsp;&nbsp; 1148860 |
| Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 |
| 1-month Term SOFR + 0.264% <br>Floor 0.150%, Cap 12.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.737% | 857101 | &nbsp;&nbsp; 827470 |
| CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 |
| 1-month Term SOFR + 0.354% <br>Floor 0.240%, Cap 12.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.917% | 9300000 | &nbsp;&nbsp; 7689349 |
| Chase Home Lending Mortgage Trust<sup>(a),(d)</sup>  | Chase Home Lending Mortgage Trust<sup>(a),(d)</sup>  | Chase Home Lending Mortgage Trust<sup>(a),(d)</sup>  | Chase Home Lending Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A |
| 05/25/2055 | &nbsp;&nbsp; 6.000% | 1293309 | &nbsp;&nbsp; 1304221 |
| CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 |
| 08/25/2055 | &nbsp;&nbsp; 7.083% | 1482193 | &nbsp;&nbsp; 1543717 |
| CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A |
| 08/25/2064 | &nbsp;&nbsp; 3.250% | 1140887 | &nbsp;&nbsp; 1029416 |
| Chase Mortgage Finance Corp.<sup>(a),(d)</sup>  | Chase Mortgage Finance Corp.<sup>(a),(d)</sup>  | Chase Mortgage Finance Corp.<sup>(a),(d)</sup>  | Chase Mortgage Finance Corp.<sup>(a),(d)</sup>  |
| Subordinated Series 2016-SH1 Class M2 | Subordinated Series 2016-SH1 Class M2 | Subordinated Series 2016-SH1 Class M2 | Subordinated Series 2016-SH1 Class M2 |
| 04/25/2045 | &nbsp;&nbsp; 3.750% | 146986 | &nbsp;&nbsp; 135854 |
| CIM Group<sup>(a),(d)</sup>  | CIM Group<sup>(a),(d)</sup>  | CIM Group<sup>(a),(d)</sup>  | CIM Group<sup>(a),(d)</sup>  |
| CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A |
| 12/27/2061 | &nbsp;&nbsp; 2.250% | 4387979 | &nbsp;&nbsp; 3984322 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CIM Trust<sup>(a),(d)</sup>  | CIM Trust<sup>(a),(d)</sup>  | CIM Trust<sup>(a),(d)</sup>  | CIM Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 |
| 10/25/2049 | &nbsp;&nbsp; 3.764% | 760344 | &nbsp;&nbsp; 691812 |
| CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 |
| 09/25/2059 | &nbsp;&nbsp; 3.250% | 1100000 | &nbsp;&nbsp; 1025816 |
| CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A |
| 12/25/2060 | &nbsp;&nbsp; 2.250% | 2960188 | &nbsp;&nbsp; 2712746 |
| CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 3611825 | &nbsp;&nbsp; 3300040 |
| CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 5065430 | &nbsp;&nbsp; 4662704 |
| CMO Series 2022-I1 Class A1 | CMO Series 2022-I1 Class A1 | CMO Series 2022-I1 Class A1 | CMO Series 2022-I1 Class A1 |
| 02/25/2067 | &nbsp;&nbsp; 4.350% | 3987023 | &nbsp;&nbsp; 3991604 |
| CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A |
| 04/25/2062 | &nbsp;&nbsp; 5.400% | 9836661 | &nbsp;&nbsp; 9667971 |
| CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A |
| 01/25/2063 | &nbsp;&nbsp; 4.500% | 8467970 | &nbsp;&nbsp; 8066673 |
| CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 |
| 06/25/2064 | &nbsp;&nbsp; 4.750% | 2485019 | &nbsp;&nbsp; 2471222 |
| CIM Trust<sup>(a),(n)</sup>  | CIM Trust<sup>(a),(n)</sup>  | CIM Trust<sup>(a),(n)</sup>  | CIM Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 |
| 02/25/2099 | &nbsp;&nbsp; 5.000% | 10353353 | &nbsp;&nbsp; 10258872 |
| Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust |
| CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 |
| 09/25/2037 | &nbsp;&nbsp; 6.000% | 167829 | &nbsp;&nbsp; 172622 |
| Citigroup Mortgage Loan Trust<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 |
| 01/25/2055 | &nbsp;&nbsp; 6.000% | 1378174 | &nbsp;&nbsp; 1389371 |
| CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 |
| 01/25/2064 | &nbsp;&nbsp; 4.199% | 10816659 | &nbsp;&nbsp; 10129967 |
| CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 490540 | &nbsp;&nbsp; 358287 |
| CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 196216 | &nbsp;&nbsp; 113658 |
| CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 124284 | &nbsp;&nbsp; 63154 |
| CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 156973 | &nbsp;&nbsp; 65181 |
| CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 149219 | &nbsp;&nbsp; 47191 |
| CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 418608 | &nbsp;&nbsp; 294263 |
| CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 |
| 01/25/2064 | &nbsp;&nbsp; 4.031% | 261594 | &nbsp;&nbsp; 168302 |
| CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X |
| 01/25/2064 | &nbsp;&nbsp; 0.000% | 12704877 | &nbsp;&nbsp; 1270 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Citigroup Mortgage Loan Trust<sup>(a),(d),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(a),(d),(g)</sup>  |
| CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA |
| 01/25/2064 | &nbsp;&nbsp; 0.000% | 22869 | &nbsp;&nbsp; 20242 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(d)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W |
| 07/25/2051 | &nbsp;&nbsp; 2.768% | 439615 | &nbsp;&nbsp; 370524 |
| Connecticut Avenue Securities<sup>(a),(b)</sup>  | Connecticut Avenue Securities<sup>(a),(b)</sup>  | Connecticut Avenue Securities<sup>(a),(b)</sup>  | Connecticut Avenue Securities<sup>(a),(b)</sup>  |
| CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 |
| 30-day Average SOFR + <br> 3.250% <br>09/25/2043<br>| &nbsp;&nbsp; 7.598% | 3400000 | &nbsp;&nbsp; 3538783 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 |
| 30-day Average SOFR + <br> 3.764% <br>02/25/2040<br>| &nbsp;&nbsp; 8.113% | 1500000 | &nbsp;&nbsp; 1554481 |
| CMO Series 2020-SBT1 Class 2M2 | CMO Series 2020-SBT1 Class 2M2 | CMO Series 2020-SBT1 Class 2M2 | CMO Series 2020-SBT1 Class 2M2 |
| 30-day Average SOFR + <br> 3.764% <br>02/25/2040<br>| &nbsp;&nbsp; 8.113% | 3500000 | &nbsp;&nbsp; 3626610 |
| CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 |
| 30-day Average SOFR + <br> 4.650% <br>06/25/2042<br>| &nbsp;&nbsp; 8.998% | 2700000 | &nbsp;&nbsp; 2862474 |
| CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 |
| 30-day Average SOFR + <br> 3.750% <br>12/25/2042<br>| &nbsp;&nbsp; 8.098% | 3750000 | &nbsp;&nbsp; 3954445 |
| CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 |
| 30-day Average SOFR + <br> 1.800% <br>Floor 1.800% <br>02/25/2044<br>| &nbsp;&nbsp; 6.148% | 1500000 | &nbsp;&nbsp; 1515743 |
| CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 |
| 30-day Average SOFR + <br> 2.200% <br>05/25/2044<br>| &nbsp;&nbsp; 6.548% | 3400000 | &nbsp;&nbsp; 3449284 |
| CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 |
| 30-day Average SOFR + <br> 1.100% <br>05/25/2044<br>| &nbsp;&nbsp; 5.448% | 2994181 | &nbsp;&nbsp; 2995921 |
| Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 |
| 30-day Average SOFR + <br> 4.214% <br>07/25/2039<br>| &nbsp;&nbsp; 8.563% | 1191258 | &nbsp;&nbsp; 1221200 |
| Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 |
| 30-day Average SOFR + <br> 3.114% <br>01/25/2040<br>| &nbsp;&nbsp; 7.463% | 5250000 | &nbsp;&nbsp; 5357654 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 |
| 30-day Average SOFR + <br> 4.500% <br>01/25/2042<br>| &nbsp;&nbsp; 8.848% | 1000000 | &nbsp;&nbsp; 1041817 |
| Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 |
| 30-day Average SOFR + <br> 5.250% <br>03/25/2042<br>| &nbsp;&nbsp; 9.598% | 750000 | &nbsp;&nbsp; 794365 |
| Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 |
| 30-day Average SOFR + <br> 2.800% <br>03/25/2044<br>| &nbsp;&nbsp; 7.148% | 1000000 | &nbsp;&nbsp; 1031710 |
| COOPR Residential Mortgage Trust<sup>(a),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(a),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(a),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A |
| 06/25/2060 | &nbsp;&nbsp; 5.502% | 6671068 | &nbsp;&nbsp; 6714716 |
| Countrywide Home Loan Mortgage Pass-Through Trust<sup>(d)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(d)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(d)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(d)</sup>  |
| CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 |
| 09/25/2047 | &nbsp;&nbsp; 4.973% | 278545 | &nbsp;&nbsp; 218573 |
| Credit Suisse Mortgage Capital Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT |
| 10/25/2061 | &nbsp;&nbsp; 3.734% | 6649348 | &nbsp;&nbsp; 5458223 |
| Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 4.547% | 5023164 | &nbsp;&nbsp; 5016167 |
| CMO Series 2022-ATH3 Class A3 | CMO Series 2022-ATH3 Class A3 | CMO Series 2022-ATH3 Class A3 | CMO Series 2022-ATH3 Class A3 |
| 08/25/2067 | &nbsp;&nbsp; 6.392% | 963804 | &nbsp;&nbsp; 960507 |
| Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  |
| CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 |
| 01/25/2037 | &nbsp;&nbsp; 3.171% | 3186673 | &nbsp;&nbsp; 875675 |
| Cross Mortgage Trust<sup>(a),(d)</sup>  | Cross Mortgage Trust<sup>(a),(d)</sup>  | Cross Mortgage Trust<sup>(a),(d)</sup>  | Cross Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.509% | 5280762 | &nbsp;&nbsp; 5317534 |
| CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A |
| 09/25/2057 | &nbsp;&nbsp; 3.850% | 3987404 | &nbsp;&nbsp; 3852369 |
| CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 |
| 07/25/2066 | &nbsp;&nbsp; 1.174% | 6078505 | &nbsp;&nbsp; 5256134 |
| CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 |
| 11/25/2066 | &nbsp;&nbsp; 2.265% | 10607754 | &nbsp;&nbsp; 9750141 |
| CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 |
| 04/25/2062 | &nbsp;&nbsp; 3.905% | 2129050 | &nbsp;&nbsp; 2043022 |
| CSMCM Trust<sup>(a)</sup>  | CSMCM Trust<sup>(a)</sup>  | CSMCM Trust<sup>(a)</sup>  | CSMCM Trust<sup>(a)</sup>  |
| CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT |
| 10/27/2061 | &nbsp;&nbsp; 3.778% | 274889 | &nbsp;&nbsp; 212794 |
| CSMCM Trust Certificates<sup>(a),(d)</sup>  | CSMCM Trust Certificates<sup>(a),(d)</sup>  | CSMCM Trust Certificates<sup>(a),(d)</sup>  | CSMCM Trust Certificates<sup>(a),(d)</sup>  |
| CMO Series 2018-RPL4 Class CERT | CMO Series 2018-RPL4 Class CERT | CMO Series 2018-RPL4 Class CERT | CMO Series 2018-RPL4 Class CERT |
| 07/25/2050 | &nbsp;&nbsp; 3.735% | 1155780 | &nbsp;&nbsp; 1055168 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Deephaven Residential Mortgage Trust<sup>(a),(d)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(d)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(d)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 |
| 11/25/2066 | &nbsp;&nbsp; 3.257% | 2000000 | &nbsp;&nbsp; 1503241 |
| Deephaven Residential Mortgage Trust<sup>(a),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 07/25/2069 | &nbsp;&nbsp; 5.735% | 11111792 | &nbsp;&nbsp; 11179707 |
| Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  |
| CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II |
| 10/25/2045 | &nbsp;&nbsp; 4.474% | 1855000 | &nbsp;&nbsp; 1853625 |
| Downey Savings & Loan Association Mortgage Loan Trust<sup>(b)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(b)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(b)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A |
| 1-month Term SOFR + 0.694% <br>Floor 0.580%, Cap 11.000% <br>10/19/2045<br>| &nbsp;&nbsp; 5.048% | 978586 | &nbsp;&nbsp; 897186 |
| CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A |
| 1-month Term SOFR + 0.314% <br>Floor 0.200% <br>10/19/2036<br>| &nbsp;&nbsp; 4.668% | 1619575 | &nbsp;&nbsp; 1071206 |
| Ellington Financial Mortgage Trust<sup>(a),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.444% | 3975428 | &nbsp;&nbsp; 4004329 |
| First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D |
| 1-month Term SOFR + 0.324% <br>Floor 0.210%, Cap 5.350% <br>12/25/2037<br>| &nbsp;&nbsp; 4.857% | 1028104 | &nbsp;&nbsp; 939744 |
| CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B |
| 1-month Term SOFR + 0.214% <br>Floor 0.100% <br>03/25/2037<br>| &nbsp;&nbsp; 4.637% | 2970909 | &nbsp;&nbsp; 1393586 |
| First Horizon Mortgage Pass-Through Trust<sup>(d)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(d)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(d)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(d)</sup>  |
| CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 |
| 05/25/2037 | &nbsp;&nbsp; 5.186% | 197239 | &nbsp;&nbsp; 78059 |
| Flagstar Mortgage Trust<sup>(a),(d)</sup>  | Flagstar Mortgage Trust<sup>(a),(d)</sup>  | Flagstar Mortgage Trust<sup>(a),(d)</sup>  | Flagstar Mortgage Trust<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 |
| 12/25/2049 | &nbsp;&nbsp; 4.000% | 810105 | &nbsp;&nbsp; 736804 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 12/25/2049 | &nbsp;&nbsp; 4.000% | 866422 | &nbsp;&nbsp; 789556 |
| Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 |
| 11/25/2051 | &nbsp;&nbsp; 2.967% | 1183083 | &nbsp;&nbsp; 969127 |
| Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(d)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(d)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(d)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(d)</sup>  |
| CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA |
| 08/25/2057 | &nbsp;&nbsp; 3.500% | 4776976 | &nbsp;&nbsp; 4640501 |
| Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 |
| 30-day Average SOFR + <br> 3.750% <br>02/25/2042<br>| &nbsp;&nbsp; 8.098% | 4500000 | &nbsp;&nbsp; 4670145 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 |
| 30-day Average SOFR + <br> 1.650% <br>02/25/2045<br>| &nbsp;&nbsp; 5.998% | 1500000 | &nbsp;&nbsp; 1504185 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 |
| 30-day Average SOFR + <br> 1.650% <br>01/25/2034<br>| &nbsp;&nbsp; 5.998% | 469600 | &nbsp;&nbsp; 471189 |
| CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 |
| 30-day Average SOFR + <br> 1.500% <br>10/25/2041<br>| &nbsp;&nbsp; 5.848% | 10299891 | &nbsp;&nbsp; 10336003 |
| CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 |
| 30-day Average SOFR + <br> 2.100% <br>09/25/2041<br>| &nbsp;&nbsp; 6.448% | 2410000 | &nbsp;&nbsp; 2431626 |
| CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 |
| 30-day Average SOFR + <br> 2.350% <br>12/25/2041<br>| &nbsp;&nbsp; 6.698% | 3000000 | &nbsp;&nbsp; 3039754 |
| CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 |
| 30-day Average SOFR + <br> 2.500% <br>01/25/2042<br>| &nbsp;&nbsp; 6.848% | 4875000 | &nbsp;&nbsp; 4963850 |
| CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>04/25/2042<br>| &nbsp;&nbsp; 7.248% | 4140000 | &nbsp;&nbsp; 4262013 |
| CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 |
| 30-day Average SOFR + <br> 5.350% <br>08/25/2042<br>| &nbsp;&nbsp; 9.698% | 1500000 | &nbsp;&nbsp; 1610580 |
| CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 |
| 30-day Average SOFR + <br> 1.800% <br>08/25/2044<br>| &nbsp;&nbsp; 6.148% | 3500000 | &nbsp;&nbsp; 3524189 |
| Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 |
| 30-day Average SOFR + <br> 3.400% <br>10/25/2041<br>| &nbsp;&nbsp; 7.748% | 2000000 | &nbsp;&nbsp; 2048351 |
| Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 |
| 30-day Average SOFR + <br> 1.800% <br>11/25/2041<br>| &nbsp;&nbsp; 6.148% | 960000 | &nbsp;&nbsp; 968028 |
| Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 |
| 30-day Average SOFR + <br> 3.350% <br>09/25/2041<br>| &nbsp;&nbsp; 7.698% | 620000 | &nbsp;&nbsp; 632476 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 |
| 30-day Average SOFR + <br> 5.750% <br>09/25/2042<br>| &nbsp;&nbsp; 10.098% | 6000000 | &nbsp;&nbsp; 6544663 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 |
| 30-day Average SOFR + <br> 4.000% <br>11/25/2050<br>| &nbsp;&nbsp; 8.348% | 1805000 | &nbsp;&nbsp; 1994870 |
| Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 |
| 30-day Average SOFR + <br> 3.650% <br>11/25/2041<br>| &nbsp;&nbsp; 7.998% | 710000 | &nbsp;&nbsp; 730227 |
| Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 |
| 30-day Average SOFR + <br> 4.750% <br>02/25/2042<br>| &nbsp;&nbsp; 9.098% | 2000000 | &nbsp;&nbsp; 2092742 |
| Galton Funding Mortgage Trust<sup>(a),(d)</sup>  | Galton Funding Mortgage Trust<sup>(a),(d)</sup>  | Galton Funding Mortgage Trust<sup>(a),(d)</sup>  | Galton Funding Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 |
| 02/25/2059 | &nbsp;&nbsp; 4.250% | 1475898 | &nbsp;&nbsp; 1422725 |
| Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 |
| 10/25/2058 | &nbsp;&nbsp; 4.750% | 411024 | &nbsp;&nbsp; 400268 |
| Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 |
| 02/25/2059 | &nbsp;&nbsp; 4.500% | 831044 | &nbsp;&nbsp; 807740 |
| GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 |
| 05/25/2055 | &nbsp;&nbsp; 6.000% | 13241940 | &nbsp;&nbsp; 13424017 |
| Genworth Mortgage Insurance Corp.<sup>(a),(b)</sup>  | Genworth Mortgage Insurance Corp.<sup>(a),(b)</sup>  | Genworth Mortgage Insurance Corp.<sup>(a),(b)</sup>  | Genworth Mortgage Insurance Corp.<sup>(a),(b)</sup>  |
| CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>Floor 2.900% <br>02/25/2034<br>| &nbsp;&nbsp; 7.250% | 237722 | &nbsp;&nbsp; 238369 |
| GS Mortgage Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A |
| 05/25/2055 | &nbsp;&nbsp; 5.568% | 6332924 | &nbsp;&nbsp; 6385769 |
| GS Mortgage-Backed Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 |
| 03/25/2050 | &nbsp;&nbsp; 3.500% | 7445 | &nbsp;&nbsp; 6973 |
| GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 |
| 03/25/2052 | &nbsp;&nbsp; 2.500% | 691035 | &nbsp;&nbsp; 616663 |
| CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 |
| 01/25/2054 | &nbsp;&nbsp; 6.000% | 1824756 | &nbsp;&nbsp; 1850417 |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 06/25/2065 | &nbsp;&nbsp; 5.648% | 4615861 | &nbsp;&nbsp; 4660502 |
| Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 |
| 04/25/2052 | &nbsp;&nbsp; 3.375% | 936458 | &nbsp;&nbsp; 783975 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GS Mortgage-Backed Securities Trust<sup>(a),(b)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(b)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(b)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>Floor 1.600% <br>08/25/2054<br>| &nbsp;&nbsp; 5.905% | 5313946 | &nbsp;&nbsp; 5332618 |
| CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.500% <br>Floor 1.500% <br>01/25/2055<br>| &nbsp;&nbsp; 5.850% | 3547534 | &nbsp;&nbsp; 3557597 |
| GS Mortgage-Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 11/25/2065 | &nbsp;&nbsp; 5.137% | 4700000 | &nbsp;&nbsp; 4704910 |
| GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  |
| CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 |
| 1-month Term SOFR + 0.984% <br>Floor 0.870% <br>11/25/2034<br>| &nbsp;&nbsp; 5.307% | 587511 | &nbsp;&nbsp; 565391 |
| GSR Mortgage Loan Trust<sup>(d)</sup>  | GSR Mortgage Loan Trust<sup>(d)</sup>  | GSR Mortgage Loan Trust<sup>(d)</sup>  | GSR Mortgage Loan Trust<sup>(d)</sup>  |
| CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 |
| 04/25/2036 | &nbsp;&nbsp; 4.302% | 770498 | &nbsp;&nbsp; 462011 |
| HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A |
| 1-month Term SOFR + 0.314% <br>Floor 0.200% <br>11/19/2036<br>| &nbsp;&nbsp; 4.868% | 4938543 | &nbsp;&nbsp; 3771112 |
| HOMES Trust<sup>(a),(n)</sup>  | HOMES Trust<sup>(a),(n)</sup>  | HOMES Trust<sup>(a),(n)</sup>  | HOMES Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 01/25/2070 | &nbsp;&nbsp; 5.554% | 7929357 | &nbsp;&nbsp; 7972377 |
| JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 |
| 1-month Term SOFR + 0.674% <br>Floor 0.560%, Cap 11.500% <br>04/25/2047<br>| &nbsp;&nbsp; 4.997% | 1747954 | &nbsp;&nbsp; 1680151 |
| JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 |
| 10/25/2048 | &nbsp;&nbsp; 3.500% | 775990 | &nbsp;&nbsp; 703649 |
| CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 |
| 12/25/2048 | &nbsp;&nbsp; 3.500% | 112358 | &nbsp;&nbsp; 101743 |
| CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 |
| 05/25/2049 | &nbsp;&nbsp; 4.000% | 192429 | &nbsp;&nbsp; 178437 |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 08/25/2049 | &nbsp;&nbsp; 4.000% | 49638 | &nbsp;&nbsp; 46674 |
| CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 |
| 11/25/2049 | &nbsp;&nbsp; 4.000% | 124948 | &nbsp;&nbsp; 116513 |
| CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 |
| 03/25/2050 | &nbsp;&nbsp; 3.500% | 108012 | &nbsp;&nbsp; 97897 |
| CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 |
| 10/25/2049 | &nbsp;&nbsp; 4.993% | 868152 | &nbsp;&nbsp; 878798 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 |
| 02/25/2050 | &nbsp;&nbsp; 3.500% | 100963 | &nbsp;&nbsp; 92286 |
| CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 |
| 03/25/2050 | &nbsp;&nbsp; 4.335% | 1473443 | &nbsp;&nbsp; 1362634 |
| CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 |
| 06/25/2050 | &nbsp;&nbsp; 3.500% | 347509 | &nbsp;&nbsp; 313451 |
| CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 |
| 07/25/2050 | &nbsp;&nbsp; 3.500% | 229989 | &nbsp;&nbsp; 203089 |
| CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 |
| 12/25/2050 | &nbsp;&nbsp; 3.000% | 169658 | &nbsp;&nbsp; 144584 |
| CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 |
| 12/25/2050 | &nbsp;&nbsp; 3.574% | 879243 | &nbsp;&nbsp; 779372 |
| CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 |
| 06/25/2054 | &nbsp;&nbsp; 6.000% | 901844 | &nbsp;&nbsp; 909454 |
| CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A |
| 02/25/2055 | &nbsp;&nbsp; 5.500% | 1469712 | &nbsp;&nbsp; 1466497 |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 10/25/2065 | &nbsp;&nbsp; 5.195% | 8700000 | &nbsp;&nbsp; 8721479 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 11/25/2065 | &nbsp;&nbsp; 5.495% | 4958430 | &nbsp;&nbsp; 4993990 |
| Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 |
| 01/25/2047 | &nbsp;&nbsp; 3.446% | 348848 | &nbsp;&nbsp; 317867 |
| Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 |
| 08/25/2047 | &nbsp;&nbsp; 3.790% | 1016940 | &nbsp;&nbsp; 940948 |
| Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 |
| 12/25/2048 | &nbsp;&nbsp; 3.778% | 466070 | &nbsp;&nbsp; 424973 |
| Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 |
| 01/25/2049 | &nbsp;&nbsp; 4.044% | 993696 | &nbsp;&nbsp; 915213 |
| Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 |
| 01/25/2049 | &nbsp;&nbsp; 4.044% | 828080 | &nbsp;&nbsp; 764098 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 08/25/2049 | &nbsp;&nbsp; 4.449% | 1918122 | &nbsp;&nbsp; 1805678 |
| Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 |
| 12/25/2049 | &nbsp;&nbsp; 4.261% | 839020 | &nbsp;&nbsp; 784453 |
| Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A |
| 03/25/2050 | &nbsp;&nbsp; 3.393% | 1717113 | &nbsp;&nbsp; 1530889 |
| Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 |
| 06/25/2049 | &nbsp;&nbsp; 4.606% | 1059273 | &nbsp;&nbsp; 1015878 |
| Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 |
| 12/25/2049 | &nbsp;&nbsp; 4.678% | 815836 | &nbsp;&nbsp; 783162 |
| Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 |
| 12/25/2049 | &nbsp;&nbsp; 4.678% | 679863 | &nbsp;&nbsp; 649233 |
| Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 |
| 03/25/2051 | &nbsp;&nbsp; 3.489% | 1731277 | &nbsp;&nbsp; 1522987 |
| Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 |
| 05/25/2052 | &nbsp;&nbsp; 3.148% | 1368156 | &nbsp;&nbsp; 1154959 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 |
| 05/25/2054 | &nbsp;&nbsp; 6.294% | 972951 | &nbsp;&nbsp; 975824 |
| Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 |
| 02/25/2054 | &nbsp;&nbsp; 6.230% | 1943284 | &nbsp;&nbsp; 1942508 |
| JPMorgan Mortgage Trust<sup>(a),(b)</sup>  | JPMorgan Mortgage Trust<sup>(a),(b)</sup>  | JPMorgan Mortgage Trust<sup>(a),(b)</sup>  | JPMorgan Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 |
| 1-month Term SOFR + 0.864% <br>04/25/2046<br>| &nbsp;&nbsp; 5.217% | 313001 | &nbsp;&nbsp; 307400 |
| CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.700% <br>03/25/2054<br>| &nbsp;&nbsp; 6.002% | 264071 | &nbsp;&nbsp; 265066 |
| CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>05/25/2054<br>| &nbsp;&nbsp; 5.902% | 286946 | &nbsp;&nbsp; 288301 |
| CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.200% <br>10/25/2054<br>| &nbsp;&nbsp; 5.545% | 551435 | &nbsp;&nbsp; 551887 |
| JPMorgan Mortgage Trust<sup>(a)</sup>  | JPMorgan Mortgage Trust<sup>(a)</sup>  | JPMorgan Mortgage Trust<sup>(a)</sup>  | JPMorgan Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 |
| 12/26/2053 | &nbsp;&nbsp; 6.000% | 910367 | &nbsp;&nbsp; 923383 |
| JPMorgan Mortgage Trust<sup>(a),(n)</sup>  | JPMorgan Mortgage Trust<sup>(a),(n)</sup>  | JPMorgan Mortgage Trust<sup>(a),(n)</sup>  | JPMorgan Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 |
| 01/25/2063 | &nbsp;&nbsp; 5.385% | 5853254 | &nbsp;&nbsp; 5902263 |
| JPMorgan Trust<sup>(a),(d)</sup>  | JPMorgan Trust<sup>(a),(d)</sup>  | JPMorgan Trust<sup>(a),(d)</sup>  | JPMorgan Trust<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 |
| 05/25/2045 | &nbsp;&nbsp; 3.616% | 306514 | &nbsp;&nbsp; 288293 |
| Legacy Mortgage Asset Trust<sup>(a),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(n)</sup>  |
| CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 |
| 10/25/2066 | &nbsp;&nbsp; 5.892% | 798089 | &nbsp;&nbsp; 798235 |
| CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 |
| 01/25/2061 | &nbsp;&nbsp; 6.000% | 9545204 | &nbsp;&nbsp; 9543325 |
| Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  |
| CMO Series 2005-5N Class 3A1A | CMO Series 2005-5N Class 3A1A | CMO Series 2005-5N Class 3A1A | CMO Series 2005-5N Class 3A1A |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>11/25/2035<br>| &nbsp;&nbsp; 4.737% | 71369 | &nbsp;&nbsp; 71132 |
| CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 |
| 1-month Term SOFR + 0.634% <br>Floor 0.520% <br>02/25/2046<br>| &nbsp;&nbsp; 4.957% | 936302 | &nbsp;&nbsp; 837538 |
| LHOME Mortgage Trust<sup>(a),(n)</sup>  | LHOME Mortgage Trust<sup>(a),(n)</sup>  | LHOME Mortgage Trust<sup>(a),(n)</sup>  | LHOME Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 |
| 07/25/2039 | &nbsp;&nbsp; 5.921% | 2000000 | &nbsp;&nbsp; 2008629 |
| CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 |
| 09/25/2039 | &nbsp;&nbsp; 5.323% | 5000000 | &nbsp;&nbsp; 5005829 |
| CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 |
| 01/25/2040 | &nbsp;&nbsp; 5.652% | 5100000 | &nbsp;&nbsp; 5139345 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| LHOME Mortgage Trust<sup>(a),(d)</sup>  | LHOME Mortgage Trust<sup>(a),(d)</sup>  | LHOME Mortgage Trust<sup>(a),(d)</sup>  | LHOME Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 |
| 04/25/2040 | &nbsp;&nbsp; 5.612% | 3000000 | &nbsp;&nbsp; 3026099 |
| Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>11/25/2036<br>| &nbsp;&nbsp; 4.737% | 3031063 | &nbsp;&nbsp; 2132806 |
| CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 |
| 1-month Term SOFR + 0.214% <br>Floor 0.100% <br>12/25/2036<br>| &nbsp;&nbsp; 4.637% | 27782450 | &nbsp;&nbsp; 9395952 |
| MASTR Alternative Loan Trust | MASTR Alternative Loan Trust | MASTR Alternative Loan Trust | MASTR Alternative Loan Trust |
| CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 |
| 12/25/2034 | &nbsp;&nbsp; 5.500% | 265171 | &nbsp;&nbsp; 268309 |
| Mello Mortgage Capital Acceptance Trust<sup>(a),(d)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(a),(d)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(a),(d)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 |
| 06/25/2051 | &nbsp;&nbsp; 2.954% | 1832202 | &nbsp;&nbsp; 1492235 |
| Merrill Lynch First Franklin Mortgage Loan Trust<sup>(b)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(b)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(b)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D |
| 1-month Term SOFR + 0.794% <br>Floor 0.680% <br>04/25/2037<br>| &nbsp;&nbsp; 5.117% | 14475172 | &nbsp;&nbsp; 5425012 |
| MFA Trust<sup>(a),(n)</sup>  | MFA Trust<sup>(a),(n)</sup>  | MFA Trust<sup>(a),(n)</sup>  | MFA Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 05/27/2070 | &nbsp;&nbsp; 5.675% | 7843203 | &nbsp;&nbsp; 7913920 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.443% | 5275674 | &nbsp;&nbsp; 5314857 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 06/25/2070 | &nbsp;&nbsp; 5.588% | 3318261 | &nbsp;&nbsp; 3345105 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(d)</sup>  |
| Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 |
| 09/25/2054 | &nbsp;&nbsp; 6.991% | 1480758 | &nbsp;&nbsp; 1523745 |
| MortgageIT Trust<sup>(b)</sup>  | MortgageIT Trust<sup>(b)</sup>  | MortgageIT Trust<sup>(b)</sup>  | MortgageIT Trust<sup>(b)</sup>  |
| CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 |
| 1-month Term SOFR + 0.634% <br>Floor 0.520%, Cap 11.500% <br>12/25/2035<br>| &nbsp;&nbsp; 4.957% | 288950 | &nbsp;&nbsp; 285545 |
| New Residential Mortgage Loan Trust<sup>(a),(b)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(b)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(b)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(b)</sup>  |
| CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S |
| 1-month Term SOFR + 0.864% <br>Floor 0.750% <br>01/25/2048<br>| &nbsp;&nbsp; 5.187% | 552022 | &nbsp;&nbsp; 553454 |
| New Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 09/25/2064 | &nbsp;&nbsp; 5.117% | 7369852 | &nbsp;&nbsp; 7372359 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 07/25/2065 | &nbsp;&nbsp; 5.350% | 3961460 | &nbsp;&nbsp; 3992303 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| New Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 11/25/2064 | &nbsp;&nbsp; 5.466% | 9287212 | &nbsp;&nbsp; 9373658 |
| NLT Trust<sup>(a),(n)</sup>  | NLT Trust<sup>(a),(n)</sup>  | NLT Trust<sup>(a),(n)</sup>  | NLT Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 |
| 02/25/2070 | &nbsp;&nbsp; 5.506% | 7519204 | &nbsp;&nbsp; 7571177 |
| CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 |
| 02/25/2070 | &nbsp;&nbsp; 0.996% | 842761 | &nbsp;&nbsp; 847810 |
| CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 |
| 02/25/2070 | &nbsp;&nbsp; 5.860% | 1447078 | &nbsp;&nbsp; 1454956 |
| NLT Trust<sup>(a),(d),(e)</sup>  | NLT Trust<sup>(a),(d),(e)</sup>  | NLT Trust<sup>(a),(d),(e)</sup>  | NLT Trust<sup>(a),(d),(e)</sup>  |
| CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS |
| 02/25/2070 | &nbsp;&nbsp; 0.399% | 11449055 | &nbsp;&nbsp; 91093 |
| NLT Trust<sup>(a),(d)</sup>  | NLT Trust<sup>(a),(d)</sup>  | NLT Trust<sup>(a),(d)</sup>  | NLT Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 |
| 02/25/2070 | &nbsp;&nbsp; 6.604% | 443000 | &nbsp;&nbsp; 438752 |
| CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 |
| 02/25/2070 | &nbsp;&nbsp; 6.604% | 348000 | &nbsp;&nbsp; 333198 |
| CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 |
| 02/25/2070 | &nbsp;&nbsp; 6.604% | 218000 | &nbsp;&nbsp; 197178 |
| CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 |
| 02/25/2070 | &nbsp;&nbsp; 6.314% | 631000 | &nbsp;&nbsp; 637769 |
| NLT Trust<sup>(a),(d),(e),(l)</sup>  | NLT Trust<sup>(a),(d),(e),(l)</sup>  | NLT Trust<sup>(a),(d),(e),(l)</sup>  | NLT Trust<sup>(a),(d),(e),(l)</sup>  |
| CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS |
| 02/25/2070 | &nbsp;&nbsp; 0.901% | 11449055 | &nbsp;&nbsp; 257604 |
| NYMT Loan Trust<sup>(a),(d)</sup>  | NYMT Loan Trust<sup>(a),(d)</sup>  | NYMT Loan Trust<sup>(a),(d)</sup>  | NYMT Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 |
| 02/25/2068 | &nbsp;&nbsp; 3.750% | 2573594 | &nbsp;&nbsp; 2426448 |
| Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C |
| 30-day Average SOFR + <br> 3.000% <br>Floor 3.000% <br>10/25/2033<br>| &nbsp;&nbsp; 7.348% | 702758 | &nbsp;&nbsp; 706609 |
| Oaktown Re VII Ltd.<sup>(a),(b)</sup>  | Oaktown Re VII Ltd.<sup>(a),(b)</sup>  | Oaktown Re VII Ltd.<sup>(a),(b)</sup>  | Oaktown Re VII Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>Floor 2.900% <br>04/25/2034<br>| &nbsp;&nbsp; 7.250% | 1440231 | &nbsp;&nbsp; 1453075 |
| CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C |
| 30-day Average SOFR + <br> 3.350% <br>Floor 3.350% <br>04/25/2034<br>| &nbsp;&nbsp; 7.700% | 2000000 | &nbsp;&nbsp; 2046451 |
| OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-EXP1 Class 1A3 | CMO Series 2019-EXP1 Class 1A3 | CMO Series 2019-EXP1 Class 1A3 | CMO Series 2019-EXP1 Class 1A3 |
| 01/25/2059 | &nbsp;&nbsp; 4.000% | 10961 | &nbsp;&nbsp; 10821 |
| CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 |
| 05/27/2049 | &nbsp;&nbsp; 4.000% | 67582 | &nbsp;&nbsp; 62722 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| OBX Trust<sup>(a),(b)</sup>  | OBX Trust<sup>(a),(b)</sup>  | OBX Trust<sup>(a),(b)</sup>  | OBX Trust<sup>(a),(b)</sup>  |
| CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>Floor 1.600% <br>02/25/2055<br>| &nbsp;&nbsp; 5.950% | 5998948 | &nbsp;&nbsp; 6027651 |
| OBX Trust<sup>(a),(n)</sup>  | OBX Trust<sup>(a),(n)</sup>  | OBX Trust<sup>(a),(n)</sup>  | OBX Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.453% | 3348663 | &nbsp;&nbsp; 3372183 |
| CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.418% | 5875893 | &nbsp;&nbsp; 5916455 |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 6753322 | &nbsp;&nbsp; 6803614 |
| CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 |
| 07/27/2065 | &nbsp;&nbsp; 5.143% | 4000000 | &nbsp;&nbsp; 4009498 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 5.400% | 4558317 | &nbsp;&nbsp; 4582033 |
| CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 |
| 03/25/2065 | &nbsp;&nbsp; 5.472% | 8451432 | &nbsp;&nbsp; 8513373 |
| Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(b)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(b)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(b)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(b)</sup>  |
| CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 |
| 1-month Term SOFR + 0.864% <br>Floor 0.750% <br>11/25/2035<br>| &nbsp;&nbsp; 5.187% | 10889486 | &nbsp;&nbsp; 10729247 |
| PMT Issuer Trust<sup>(a),(b)</sup>  | PMT Issuer Trust<sup>(a),(b)</sup>  | PMT Issuer Trust<sup>(a),(b)</sup>  | PMT Issuer Trust<sup>(a),(b)</sup>  |
| CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A |
| 1-month Term SOFR + 2.750% <br>Floor 2.750% <br>12/25/2027<br>| &nbsp;&nbsp; 7.073% | 10000000 | &nbsp;&nbsp; 10074353 |
| PRET LLC<sup>(a),(n)</sup>  | PRET LLC<sup>(a),(n)</sup>  | PRET LLC<sup>(a),(n)</sup>  | PRET LLC<sup>(a),(n)</sup>  |
| CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 |
| 06/25/2055 | &nbsp;&nbsp; 5.744% | 4887889 | &nbsp;&nbsp; 4896207 |
| PRET Trust<sup>(a),(d)</sup>  | PRET Trust<sup>(a),(d)</sup>  | PRET Trust<sup>(a),(d)</sup>  | PRET Trust<sup>(a),(d)</sup>  |
| CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 |
| 06/25/2064 | &nbsp;&nbsp; 4.075% | 3416949 | &nbsp;&nbsp; 3281885 |
| Pretium Mortgage Credit Partners LLC<sup>(a),(n)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(n)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(n)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(n)</sup>  |
| CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 |
| 07/25/2051 | &nbsp;&nbsp; 4.744% | 3686594 | &nbsp;&nbsp; 3683972 |
| Provident Funding Mortgage Trust<sup>(a),(d)</sup>  | Provident Funding Mortgage Trust<sup>(a),(d)</sup>  | Provident Funding Mortgage Trust<sup>(a),(d)</sup>  | Provident Funding Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 |
| 06/25/2055 | &nbsp;&nbsp; 6.000% | 1465582 | &nbsp;&nbsp; 1479208 |
| CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 |
| 08/25/2055 | &nbsp;&nbsp; 6.000% | 1500000 | &nbsp;&nbsp; 1513594 |
| PRPM LLC<sup>(a),(n)</sup>  | PRPM LLC<sup>(a),(n)</sup>  | PRPM LLC<sup>(a),(n)</sup>  | PRPM LLC<sup>(a),(n)</sup>  |
| CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 |
| 05/25/2054 | &nbsp;&nbsp; 3.500% | 1047456 | &nbsp;&nbsp; 1018585 |
| CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 3962248 | &nbsp;&nbsp; 3885177 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 758000 | &nbsp;&nbsp; 705950 |
| CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 447000 | &nbsp;&nbsp; 410991 |
| CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 436000 | &nbsp;&nbsp; 404966 |
| CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 154000 | &nbsp;&nbsp; 139639 |
| PRPM LLC<sup>(a)</sup>  | PRPM LLC<sup>(a)</sup>  | PRPM LLC<sup>(a)</sup>  | PRPM LLC<sup>(a)</sup>  |
| CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 4.500% | 3362613 | &nbsp;&nbsp; 3327021 |
| PRPM Trust<sup>(a),(n)</sup>  | PRPM Trust<sup>(a),(n)</sup>  | PRPM Trust<sup>(a),(n)</sup>  | PRPM Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 |
| 06/25/2069 | &nbsp;&nbsp; 6.631% | 7549263 | &nbsp;&nbsp; 7660154 |
| CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 |
| 12/26/2069 | &nbsp;&nbsp; 5.674% | 12104579 | &nbsp;&nbsp; 12190691 |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 11/25/2069 | &nbsp;&nbsp; 5.802% | 6170249 | &nbsp;&nbsp; 6233396 |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 04/25/2070 | &nbsp;&nbsp; 5.688% | 6943616 | &nbsp;&nbsp; 7010974 |
| RALI Trust<sup>(d),(e)</sup>  | RALI Trust<sup>(d),(e)</sup>  | RALI Trust<sup>(d),(e)</sup>  | RALI Trust<sup>(d),(e)</sup>  |
| CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV |
| 12/25/2036 | &nbsp;&nbsp; 0.494% | 14897768 | &nbsp;&nbsp; 256890 |
| CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV |
| 01/25/2037 | &nbsp;&nbsp; 0.153% | 17126868 | &nbsp;&nbsp; 106565 |
| RCKT Mortgage Trust<sup>(a),(n)</sup>  | RCKT Mortgage Trust<sup>(a),(n)</sup>  | RCKT Mortgage Trust<sup>(a),(n)</sup>  | RCKT Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A |
| 11/25/2044 | &nbsp;&nbsp; 5.490% | 9504490 | &nbsp;&nbsp; 9578515 |
| RCKT Mortgage Trust<sup>(a),(d)</sup>  | RCKT Mortgage Trust<sup>(a),(d)</sup>  | RCKT Mortgage Trust<sup>(a),(d)</sup>  | RCKT Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A |
| 08/25/2055 | &nbsp;&nbsp; 5.148% | 5700000 | &nbsp;&nbsp; 5719019 |
| Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 |
| 09/25/2049 | &nbsp;&nbsp; 3.897% | 3261072 | &nbsp;&nbsp; 2938437 |
| RFMSI Trust<sup>(d)</sup>  | RFMSI Trust<sup>(d)</sup>  | RFMSI Trust<sup>(d)</sup>  | RFMSI Trust<sup>(d)</sup>  |
| CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A |
| 11/25/2035 | &nbsp;&nbsp; 3.821% | 481970 | &nbsp;&nbsp; 251845 |
| CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 |
| 11/25/2036 | &nbsp;&nbsp; 5.486% | 103833 | &nbsp;&nbsp; 87481 |
| Santander Mortgage Asset Receivable Trust<sup>(a),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(a),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(a),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(a),(n)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.599% | 5419175 | &nbsp;&nbsp; 5456967 |
| Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  |
| CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) |
| 07/25/2056 | &nbsp;&nbsp; 3.250% | 15112540 | &nbsp;&nbsp; 13413818 |
| Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust |
| CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T |
| 06/25/2057 | &nbsp;&nbsp; 4.500% | 1920144 | &nbsp;&nbsp; 1857498 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) |
| 11/25/2057 | &nbsp;&nbsp; 3.000% | 926953 | &nbsp;&nbsp; 803787 |
| CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) |
| 08/25/2057 | &nbsp;&nbsp; 3.000% | 314650 | &nbsp;&nbsp; 271990 |
| CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) |
| 03/25/2058 | &nbsp;&nbsp; 3.000% | 214874 | &nbsp;&nbsp; 183667 |
| CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) |
| 07/25/2058 | &nbsp;&nbsp; 3.000% | 853251 | &nbsp;&nbsp; 738464 |
| CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) |
| 08/25/2058 | &nbsp;&nbsp; 3.000% | 152992 | &nbsp;&nbsp; 132517 |
| CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) |
| 10/25/2058 | &nbsp;&nbsp; 3.000% | 63396 | &nbsp;&nbsp; 55117 |
| Sequoia Mortgage Trust<sup>(a),(d)</sup>  | Sequoia Mortgage Trust<sup>(a),(d)</sup>  | Sequoia Mortgage Trust<sup>(a),(d)</sup>  | Sequoia Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 |
| 11/25/2049 | &nbsp;&nbsp; 3.500% | 115987 | &nbsp;&nbsp; 103511 |
| CMO Series 2019-CH2 Class A1 | CMO Series 2019-CH2 Class A1 | CMO Series 2019-CH2 Class A1 | CMO Series 2019-CH2 Class A1 |
| 08/25/2049 | &nbsp;&nbsp; 4.500% | 381 | &nbsp;&nbsp; 380 |
| CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 |
| 07/25/2051 | &nbsp;&nbsp; 2.500% | 585944 | &nbsp;&nbsp; 477172 |
| CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 |
| 04/25/2054 | &nbsp;&nbsp; 6.000% | 2665436 | &nbsp;&nbsp; 2687926 |
| CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 |
| 05/25/2054 | &nbsp;&nbsp; 6.000% | 1053221 | &nbsp;&nbsp; 1062108 |
| CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 |
| 09/25/2054 | &nbsp;&nbsp; 5.500% | 709361 | &nbsp;&nbsp; 707809 |
| CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 |
| 03/25/2055 | &nbsp;&nbsp; 6.000% | 1334994 | &nbsp;&nbsp; 1346258 |
| CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 |
| 03/25/2055 | &nbsp;&nbsp; 5.500% | 6741292 | &nbsp;&nbsp; 6779591 |
| Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 |
| 07/25/2048 | &nbsp;&nbsp; 4.165% | 983235 | &nbsp;&nbsp; 941040 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 06/25/2049 | &nbsp;&nbsp; 4.260% | 1526083 | &nbsp;&nbsp; 1475455 |
| Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 |
| 04/25/2050 | &nbsp;&nbsp; 3.304% | 916304 | &nbsp;&nbsp; 807564 |
| Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 |
| 09/25/2053 | &nbsp;&nbsp; 6.132% | 1349320 | &nbsp;&nbsp; 1349138 |
| Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 |
| 06/25/2056 | &nbsp;&nbsp; 1.127% | 3774428 | &nbsp;&nbsp; 3346067 |
| Structured Adjustable Rate Mortgage Loan Trust<sup>(d)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(d)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(d)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(d)</sup>  |
| CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 |
| 01/25/2035 | &nbsp;&nbsp; 4.857% | 238677 | &nbsp;&nbsp; 229014 |
| CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 |
| 06/25/2036 | &nbsp;&nbsp; 5.088% | 516418 | &nbsp;&nbsp; 475340 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Toorak Mortgage Corp., Ltd.<sup>(a),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(a),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(a),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(a),(n)</sup>  |
| CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 |
| 06/25/2057 | &nbsp;&nbsp; 4.350% | 4481064 | &nbsp;&nbsp; 4514131 |
| Towd Point Mortgage Trust<sup>(a),(n)</sup>  | Towd Point Mortgage Trust<sup>(a),(n)</sup>  | Towd Point Mortgage Trust<sup>(a),(n)</sup>  | Towd Point Mortgage Trust<sup>(a),(n)</sup>  |
| CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 |
| 11/25/2064 | &nbsp;&nbsp; 5.725% | 12723352 | &nbsp;&nbsp; 12837000 |
| Verus Securitization Trust<sup>(a),(n)</sup>  | Verus Securitization Trust<sup>(a),(n)</sup>  | Verus Securitization Trust<sup>(a),(n)</sup>  | Verus Securitization Trust<sup>(a),(n)</sup>  |
| CMO Series 2022-INV1 Class A3 | CMO Series 2022-INV1 Class A3 | CMO Series 2022-INV1 Class A3 | CMO Series 2022-INV1 Class A3 |
| 08/25/2067 | &nbsp;&nbsp; 5.830% | 1403111 | &nbsp;&nbsp; 1402185 |
| CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 |
| 11/25/2069 | &nbsp;&nbsp; 5.894% | 7376218 | &nbsp;&nbsp; 7404567 |
| WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  |
| CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>01/25/2037<br>| &nbsp;&nbsp; 4.737% | 3015155 | &nbsp;&nbsp; 1359395 |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(d)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(d)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(d)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(d)</sup>  |
| CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A |
| 08/25/2033 | &nbsp;&nbsp; 5.421% | 147773 | &nbsp;&nbsp; 144579 |
| CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 |
| 06/25/2034 | &nbsp;&nbsp; 5.418% | 1236045 | &nbsp;&nbsp; 1210004 |
| CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 |
| 07/25/2034 | &nbsp;&nbsp; 5.147% | 401701 | &nbsp;&nbsp; 375952 |
| CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 |
| 02/25/2037 | &nbsp;&nbsp; 4.109% | 1769479 | &nbsp;&nbsp; 1518191 |
| CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 |
| 03/25/2037 | &nbsp;&nbsp; 3.827% | 334191 | &nbsp;&nbsp; 280151 |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  |
| CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A |
| 1-month Term SOFR + 0.754% <br>Floor 0.640%, Cap 10.500% <br>08/25/2045<br>| &nbsp;&nbsp; 5.077% | 410802 | &nbsp;&nbsp; 406898 |
| CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 |
| 1-month Term SOFR + 0.654% <br>Floor 0.540%, Cap 10.500% <br>12/25/2045<br>| &nbsp;&nbsp; 4.977% | 1480927 | &nbsp;&nbsp; 1370984 |
| CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A |
| 1-month Term SOFR + 0.734% <br>Floor 0.620%, Cap 10.500% <br>01/25/2045<br>| &nbsp;&nbsp; 5.057% | 314849 | &nbsp;&nbsp; 313264 |
| CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A |
| 1-month Term SOFR + 0.754% <br>Floor 0.640%, Cap 10.500% <br>07/25/2045<br>| &nbsp;&nbsp; 5.077% | 343051 | &nbsp;&nbsp; 331848 |
| CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A |
| 1-year MTA + 0.940% <br>Floor 0.940% <br>05/25/2046<br>| &nbsp;&nbsp; 5.093% | 967177 | &nbsp;&nbsp; 907551 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A |
| 1-year MTA + 0.980% <br>Floor 0.980% <br>06/25/2046<br>| &nbsp;&nbsp; 5.133% | 286062 | &nbsp;&nbsp; 266880 |
| Wells Fargo Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 |
| 11/25/2048 | &nbsp;&nbsp; 3.921% | 20972 | &nbsp;&nbsp; 19887 |
| Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 |
| 07/25/2047 | &nbsp;&nbsp; 3.647% | 937613 | &nbsp;&nbsp; 845945 |
| Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 |
| 12/25/2049 | &nbsp;&nbsp; 3.363% | 1750726 | &nbsp;&nbsp; 1536774 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $708,332,722) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $708,332,722) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $708,332,722) | &nbsp;&nbsp; **694177716** |
| **Senior Loans 0.4%** | **Senior Loans 0.4%** | **Senior Loans 0.4%** | **Senior Loans 0.4%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** |
| HDI Aerospace Intermediate Holding III Corp.<sup>(b),(u)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(b),(u)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(b),(u)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>02/11/2032<br>| &nbsp;&nbsp; 8.828% | 408975 | &nbsp;&nbsp; 408975 |
| TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  |
| Tranche I Term Loan | Tranche I Term Loan | Tranche I Term Loan | Tranche I Term Loan |
| 3-month Term SOFR + 2.750% <br>08/24/2028<br>| &nbsp;&nbsp; 7.046% | 454312 | &nbsp;&nbsp; 455375 |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| 3-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.796% | 513605 | &nbsp;&nbsp; 513929 |
| Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan |
| 1-month Term SOFR + 2.500% <br>08/19/2032<br>| &nbsp;&nbsp; 6.853% | 597327 | &nbsp;&nbsp; 597464 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1975743** |
| **Apartment REIT 0.0%** | **Apartment REIT 0.0%** | **Apartment REIT 0.0%** | **Apartment REIT 0.0%** |
| Invitation Homes Operating Partnership LP<sup>(b),(l),(u)</sup>  | Invitation Homes Operating Partnership LP<sup>(b),(l),(u)</sup>  | Invitation Homes Operating Partnership LP<sup>(b),(l),(u)</sup>  | Invitation Homes Operating Partnership LP<sup>(b),(l),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 0.850% <br>09/09/2028<br>| &nbsp;&nbsp; 5.307% | 3206777 | &nbsp;&nbsp; 3198760 |
| **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** |
| Tenneco, Inc.<sup>(b),(u)</sup>  | Tenneco, Inc.<sup>(b),(u)</sup>  | Tenneco, Inc.<sup>(b),(u)</sup>  | Tenneco, Inc.<sup>(b),(u)</sup>  |
| Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan |
| 1-month Term SOFR + 4.750% <br>Floor 0.500% <br>11/17/2028<br>| &nbsp;&nbsp; 9.054% | 2386962 | &nbsp;&nbsp; 2371542 |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 5.000% <br>11/17/2028<br>| &nbsp;&nbsp; 9.304% | 2225000 | &nbsp;&nbsp; 2214498 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4586040** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| Deerfield Dakota Holding LLC<sup>(b),(u)</sup>  | Deerfield Dakota Holding LLC<sup>(b),(u)</sup>  | Deerfield Dakota Holding LLC<sup>(b),(u)</sup>  | Deerfield Dakota Holding LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>Floor 1.000% <br>04/09/2027<br>| &nbsp;&nbsp; 8.046% | 226660 | &nbsp;&nbsp; 225563 |
| First Eagle Holdings, Inc.<sup>(b),(r),(u),(v)</sup>  | First Eagle Holdings, Inc.<sup>(b),(r),(u),(v)</sup>  | First Eagle Holdings, Inc.<sup>(b),(r),(u),(v)</sup>  | First Eagle Holdings, Inc.<sup>(b),(r),(u),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.750% <br>08/16/2032<br>| &nbsp;&nbsp; 1.750% | 36584 | &nbsp;&nbsp; 36135 |
| First Eagle Holdings, Inc.<sup>(b),(u)</sup>  | First Eagle Holdings, Inc.<sup>(b),(u)</sup>  | First Eagle Holdings, Inc.<sup>(b),(u)</sup>  | First Eagle Holdings, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>08/16/2032<br>| &nbsp;&nbsp; 7.711% | 214279 | &nbsp;&nbsp; 211645 |
| Jane Street Group LLC<sup>(b),(u)</sup>  | Jane Street Group LLC<sup>(b),(u)</sup>  | Jane Street Group LLC<sup>(b),(u)</sup>  | Jane Street Group LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>12/15/2031<br>| &nbsp;&nbsp; 6.199% | 882522 | &nbsp;&nbsp; 879292 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1352635** |
| **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** |
| Charter Communications Operating LLC<sup>(b),(u)</sup>  | Charter Communications Operating LLC<sup>(b),(u)</sup>  | Charter Communications Operating LLC<sup>(b),(u)</sup>  | Charter Communications Operating LLC<sup>(b),(u)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 2.250% <br>12/15/2031<br>| &nbsp;&nbsp; 6.541% | 661290 | &nbsp;&nbsp; 661786 |
| CSC Holdings LLC<sup>(b),(u)</sup>  | CSC Holdings LLC<sup>(b),(u)</sup>  | CSC Holdings LLC<sup>(b),(u)</sup>  | CSC Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.500% <br>01/18/2028<br>| &nbsp;&nbsp; 8.863% | 1888841 | &nbsp;&nbsp; 1881456 |
| Virgin Media Bristol LLC<sup>(b),(u)</sup>  | Virgin Media Bristol LLC<sup>(b),(u)</sup>  | Virgin Media Bristol LLC<sup>(b),(u)</sup>  | Virgin Media Bristol LLC<sup>(b),(u)</sup>  |
| Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan |
| 1-month Term SOFR + 2.500% <br>01/31/2028<br>| &nbsp;&nbsp; 6.978% | 767834 | &nbsp;&nbsp; 761983 |
| Ziggo Financing Partnership<sup>(b),(u)</sup>  | Ziggo Financing Partnership<sup>(b),(u)</sup>  | Ziggo Financing Partnership<sup>(b),(u)</sup>  | Ziggo Financing Partnership<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>04/30/2028<br>| &nbsp;&nbsp; 6.978% | 217891 | &nbsp;&nbsp; 210561 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3515786** |
| **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** |
| Chemours Co. (The)<sup>(b),(l),(u)</sup>  | Chemours Co. (The)<sup>(b),(l),(u)</sup>  | Chemours Co. (The)<sup>(b),(l),(u)</sup>  | Chemours Co. (The)<sup>(b),(l),(u)</sup>  |
| Tranche B3 Term Loan  | Tranche B3 Term Loan  | Tranche B3 Term Loan  | Tranche B3 Term Loan  |
| 1-month Term SOFR + 3.000% <br>08/18/2028<br>| &nbsp;&nbsp; 7.316% | 398550 | &nbsp;&nbsp; 397554 |
| **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** |
| Oregon Tool, Inc.<sup>(b),(u)</sup>  | Oregon Tool, Inc.<sup>(b),(u)</sup>  | Oregon Tool, Inc.<sup>(b),(u)</sup>  | Oregon Tool, Inc.<sup>(b),(u)</sup>  |
| Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan |
| 3-month Term SOFR + 4.000% <br>10/15/2029<br>| &nbsp;&nbsp; 8.447% | 597128 | &nbsp;&nbsp; 468746 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** |
| Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>12/06/2027<br>| &nbsp;&nbsp; 7.666% | 251511 | &nbsp;&nbsp; 251728 |
| BCPE Empire Holdings, Inc.<sup>(b),(u)</sup>  | BCPE Empire Holdings, Inc.<sup>(b),(u)</sup>  | BCPE Empire Holdings, Inc.<sup>(b),(u)</sup>  | BCPE Empire Holdings, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>12/11/2030<br>| &nbsp;&nbsp; 7.566% | 536340 | &nbsp;&nbsp; 534999 |
| Cast & Crew LLC<sup>(b),(u)</sup>  | Cast & Crew LLC<sup>(b),(u)</sup>  | Cast & Crew LLC<sup>(b),(u)</sup>  | Cast & Crew LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>12/29/2028<br>| &nbsp;&nbsp; 8.066% | 177827 | &nbsp;&nbsp; 161922 |
| Delivery Hero SE<sup>(b),(u)</sup>  | Delivery Hero SE<sup>(b),(u)</sup>  | Delivery Hero SE<sup>(b),(u)</sup>  | Delivery Hero SE<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>Floor 0.500% <br>12/12/2029<br>| &nbsp;&nbsp; 9.226% | 720599 | &nbsp;&nbsp; 726458 |
| Ingenovis Health, Inc.<sup>(b),(u)</sup>  | Ingenovis Health, Inc.<sup>(b),(u)</sup>  | Ingenovis Health, Inc.<sup>(b),(u)</sup>  | Ingenovis Health, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>03/06/2028<br>| &nbsp;&nbsp; 8.710% | 205434 | &nbsp;&nbsp; 61630 |
| 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>03/06/2028<br>| &nbsp;&nbsp; 8.549% | 403716 | &nbsp;&nbsp; 121115 |
| TripAdvisor, Inc.<sup>(b),(u)</sup>  | TripAdvisor, Inc.<sup>(b),(u)</sup>  | TripAdvisor, Inc.<sup>(b),(u)</sup>  | TripAdvisor, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>07/08/2031<br>| &nbsp;&nbsp; 7.066% | 339068 | &nbsp;&nbsp; 337162 |
| TruGreen LP<sup>(b),(u)</sup>  | TruGreen LP<sup>(b),(u)</sup>  | TruGreen LP<sup>(b),(u)</sup>  | TruGreen LP<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.750% <br>11/02/2027<br>| &nbsp;&nbsp; 8.416% | 695334 | &nbsp;&nbsp; 675781 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2870795** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>07/31/2028<br>| &nbsp;&nbsp; 7.351% | 251520 | &nbsp;&nbsp; 251533 |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Cleanova US Holdings LLC<sup>(b),(u)</sup>  | Cleanova US Holdings LLC<sup>(b),(u)</sup>  | Cleanova US Holdings LLC<sup>(b),(u)</sup>  | Cleanova US Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>06/14/2032<br>| &nbsp;&nbsp; 9.074% | 220115 | &nbsp;&nbsp; 219014 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Pelican Products, Inc.<sup>(b),(u)</sup>  | Pelican Products, Inc.<sup>(b),(u)</sup>  | Pelican Products, Inc.<sup>(b),(u)</sup>  | Pelican Products, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>12/29/2028<br>| &nbsp;&nbsp; 8.807% | 199483 | &nbsp;&nbsp; 171556 |
| WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/27/2031<br>| &nbsp;&nbsp; 6.604% | 333715 | &nbsp;&nbsp; 333658 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **724228** |
| **Electric 0.0%** | **Electric 0.0%** | **Electric 0.0%** | **Electric 0.0%** |
| Alpha Generation LLC<sup>(b),(u)</sup>  | Alpha Generation LLC<sup>(b),(u)</sup>  | Alpha Generation LLC<sup>(b),(u)</sup>  | Alpha Generation LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.000% <br>09/30/2031<br>| &nbsp;&nbsp; 6.316% | 746085 | &nbsp;&nbsp; 744533 |
| Calpine Corp.<sup>(b),(u)</sup>  | Calpine Corp.<sup>(b),(u)</sup>  | Calpine Corp.<sup>(b),(u)</sup>  | Calpine Corp.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>01/31/2031<br>| &nbsp;&nbsp; 6.066% | 1077816 | &nbsp;&nbsp; 1076576 |
| 1-month Term SOFR + 1.750% <br>02/15/2032<br>| &nbsp;&nbsp; 6.066% | 831577 | &nbsp;&nbsp; 830595 |
| Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>08/11/2032<br>| &nbsp;&nbsp; 7.476% | 181122 | &nbsp;&nbsp; 182209 |
| Edgewater Generation LLC<sup>(b),(u)</sup>  | Edgewater Generation LLC<sup>(b),(u)</sup>  | Edgewater Generation LLC<sup>(b),(u)</sup>  | Edgewater Generation LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>08/01/2030<br>| &nbsp;&nbsp; 7.316% | 178347 | &nbsp;&nbsp; 178718 |
| South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>08/29/2031<br>| &nbsp;&nbsp; 7.546% | 228693 | &nbsp;&nbsp; 229265 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 3.250% <br>08/29/2031<br>| &nbsp;&nbsp; 7.546% | 14706 | &nbsp;&nbsp; 14743 |
| Vistra Operations Co. LLC<sup>(b),(u)</sup>  | Vistra Operations Co. LLC<sup>(b),(u)</sup>  | Vistra Operations Co. LLC<sup>(b),(u)</sup>  | Vistra Operations Co. LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>12/20/2030<br>| &nbsp;&nbsp; 6.066% | 461534 | &nbsp;&nbsp; 461982 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3718621** |
| **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** |
| Avolon Borrower 1 US LLC<sup>(b),(u)</sup>  | Avolon Borrower 1 US LLC<sup>(b),(u)</sup>  | Avolon Borrower 1 US LLC<sup>(b),(u)</sup>  | Avolon Borrower 1 US LLC<sup>(b),(u)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 1.750% <br>Floor 0.500% <br>06/22/2030<br>| &nbsp;&nbsp; 6.071% | 1805723 | &nbsp;&nbsp; 1805434 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** |
| BCPE North Star US Holdco 2, Inc.<sup>(b),(u)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(b),(u)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(b),(u)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.750% <br>06/09/2028<br>| &nbsp;&nbsp; 8.430% | 481040 | &nbsp;&nbsp; 481160 |
| C&S Wholesale Grocers, Inc.<sup>(b),(r),(u)</sup>  | C&S Wholesale Grocers, Inc.<sup>(b),(r),(u)</sup>  | C&S Wholesale Grocers, Inc.<sup>(b),(r),(u)</sup>  | C&S Wholesale Grocers, Inc.<sup>(b),(r),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 0.500% <br>08/06/2030<br>| &nbsp;&nbsp; 4.755% | 769860 | &nbsp;&nbsp; 751098 |
| Celsius, Inc.<sup>(b),(u)</sup>  | Celsius, Inc.<sup>(b),(u)</sup>  | Celsius, Inc.<sup>(b),(u)</sup>  | Celsius, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 7.541% | 453113 | &nbsp;&nbsp; 456511 |
| Naked Juice LLC<sup>(b),(u)</sup>  | Naked Juice LLC<sup>(b),(u)</sup>  | Naked Juice LLC<sup>(b),(u)</sup>  | Naked Juice LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.500% <br>Floor 1.000% <br>01/24/2029<br>| &nbsp;&nbsp; 9.796% | 1922195 | &nbsp;&nbsp; 1917390 |
| 3-month Term SOFR + 3.250% <br>01/24/2029<br>| &nbsp;&nbsp; 7.646% | 706443 | &nbsp;&nbsp; 502988 |
| 3-month Term SOFR + 1.000% <br>01/24/2030<br>| &nbsp;&nbsp; 5.396% | 68026 | &nbsp;&nbsp; 27754 |
| United Natural Foods, Inc.<sup>(b),(u)</sup>  | United Natural Foods, Inc.<sup>(b),(u)</sup>  | United Natural Foods, Inc.<sup>(b),(u)</sup>  | United Natural Foods, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.750% <br>05/01/2031<br>| &nbsp;&nbsp; 9.066% | 442272 | &nbsp;&nbsp; 444116 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4581017** |
| **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** |
| DraftKings, Inc.<sup>(b),(u)</sup>  | DraftKings, Inc.<sup>(b),(u)</sup>  | DraftKings, Inc.<sup>(b),(u)</sup>  | DraftKings, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>03/04/2032<br>| &nbsp;&nbsp; 6.101% | 414765 | &nbsp;&nbsp; 413849 |
| Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.000% <br>06/04/2032<br>| &nbsp;&nbsp; 6.296% | 508418 | &nbsp;&nbsp; 506511 |
| Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 4.750% <br>07/01/2032<br>| &nbsp;&nbsp; 9.041% | 666001 | &nbsp;&nbsp; 666707 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1587067** |
| **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** |
| ADMI Corp.<sup>(b),(r),(u)</sup>  | ADMI Corp.<sup>(b),(r),(u)</sup>  | ADMI Corp.<sup>(b),(r),(u)</sup>  | ADMI Corp.<sup>(b),(r),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.375% <br>Floor 0.500% <br>12/23/2027<br>| &nbsp;&nbsp; 7.841% | 331467 | &nbsp;&nbsp; 298874 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Bausch & Lomb Corp. <sup>(b),(l),(u)</sup>  | Bausch & Lomb Corp. <sup>(b),(l),(u)</sup>  | Bausch & Lomb Corp. <sup>(b),(l),(u)</sup>  | Bausch & Lomb Corp. <sup>(b),(l),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.500% <br>09/29/2028<br>| &nbsp;&nbsp; 8.316% | 436888 | &nbsp;&nbsp; 436888 |
| Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>03/26/2032<br>| &nbsp;&nbsp; 7.104% | 246987 | &nbsp;&nbsp; 246575 |
| CPI Buyer LLC<sup>(b),(u)</sup>  | CPI Buyer LLC<sup>(b),(u)</sup>  | CPI Buyer LLC<sup>(b),(u)</sup>  | CPI Buyer LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>05/27/2032<br>| &nbsp;&nbsp; 8.291% | 325530 | &nbsp;&nbsp; 318749 |
| Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(u)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(u)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(u)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.675% <br>Floor 0.500% <br>07/06/2029<br>| &nbsp;&nbsp; 7.971% | 316909 | &nbsp;&nbsp; 317834 |
| Heartland Dental LLC<sup>(b),(r),(u)</sup>  | Heartland Dental LLC<sup>(b),(r),(u)</sup>  | Heartland Dental LLC<sup>(b),(r),(u)</sup>  | Heartland Dental LLC<sup>(b),(r),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>08/25/2032<br>| &nbsp;&nbsp; 8.108% | 598780 | &nbsp;&nbsp; 598283 |
| Iqvia, Inc.<sup>(b),(u)</sup>  | Iqvia, Inc.<sup>(b),(u)</sup>  | Iqvia, Inc.<sup>(b),(u)</sup>  | Iqvia, Inc.<sup>(b),(u)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 1.750% <br>01/02/2031<br>| &nbsp;&nbsp; 6.046% | 640544 | &nbsp;&nbsp; 643548 |
| ModivCare, Inc.<sup>(b),(u)</sup>  | ModivCare, Inc.<sup>(b),(u)</sup>  | ModivCare, Inc.<sup>(b),(u)</sup>  | ModivCare, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 7.500% <br>01/12/2026<br>| &nbsp;&nbsp; 11.779% | 715229 | &nbsp;&nbsp; 318277 |
| 3-month Term SOFR + 4.750% <br>07/01/2031<br>| &nbsp;&nbsp; 9.046% | 1523679 | &nbsp;&nbsp; 666609 |
| ModivCare, Inc.<sup>(b),(r),(u)</sup>  | ModivCare, Inc.<sup>(b),(r),(u)</sup>  | ModivCare, Inc.<sup>(b),(r),(u)</sup>  | ModivCare, Inc.<sup>(b),(r),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 7.000% <br>02/22/2026<br>|  | 312627 | &nbsp;&nbsp; 306374 |
| Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  |
| 3-month Term SOFR + 4.000% <br>09/27/2030<br>| &nbsp;&nbsp; 8.296% | 146696 | &nbsp;&nbsp; 145780 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4297791** |
| **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** |
| Healthpeak OP LLC<sup>(b),(l),(u)</sup>  | Healthpeak OP LLC<sup>(b),(l),(u)</sup>  | Healthpeak OP LLC<sup>(b),(l),(u)</sup>  | Healthpeak OP LLC<sup>(b),(l),(u)</sup>  |
| Tranche A1 Term Loan | Tranche A1 Term Loan | Tranche A1 Term Loan | Tranche A1 Term Loan |
| 1-month Term SOFR + 0.840% <br>02/22/2027<br>| &nbsp;&nbsp; 5.256% | 1111953 | &nbsp;&nbsp; 1098054 |
| Tranche A2 Term Loan | Tranche A2 Term Loan | Tranche A2 Term Loan | Tranche A2 Term Loan |
| 1-month Term SOFR + 0.840% <br>08/20/2027<br>| &nbsp;&nbsp; 5.256% | 1111954 | &nbsp;&nbsp; 1098054 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche A3 Term Loan | Tranche A3 Term Loan | Tranche A3 Term Loan | Tranche A3 Term Loan |
| 3-month Term SOFR + 0.850% <br>03/01/2029<br>| &nbsp;&nbsp; 5.290% | 2244162 | &nbsp;&nbsp; 2188058 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4384166** |
| **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** |
| Kelso Industries LLC<sup>(b),(l),(r),(u),(v)</sup>  | Kelso Industries LLC<sup>(b),(l),(r),(u),(v)</sup>  | Kelso Industries LLC<sup>(b),(l),(r),(u),(v)</sup>  | Kelso Industries LLC<sup>(b),(l),(r),(u),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 5.750% <br>12/30/2029<br>| &nbsp;&nbsp; 5.750% | 66500 | &nbsp;&nbsp; 66500 |
| Kelso Industries LLC<sup>(b),(u)</sup>  | Kelso Industries LLC<sup>(b),(u)</sup>  | Kelso Industries LLC<sup>(b),(u)</sup>  | Kelso Industries LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 5.750% <br>12/30/2029<br>| &nbsp;&nbsp; 10.066% | 378849 | &nbsp;&nbsp; 378849 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **445349** |
| **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** |
| EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  |
| Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan |
| 1-month Term SOFR + 3.750% <br>03/24/2028<br>| &nbsp;&nbsp; 8.066% | 650000 | &nbsp;&nbsp; 650000 |
| Showtime Acquisition LLC<sup>(b),(u)</sup>  | Showtime Acquisition LLC<sup>(b),(u)</sup>  | Showtime Acquisition LLC<sup>(b),(u)</sup>  | Showtime Acquisition LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>08/16/2031<br>| &nbsp;&nbsp; 8.945% | 590301 | &nbsp;&nbsp; 586612 |
| UFC Holdings LLC<sup>(b),(u)</sup>  | UFC Holdings LLC<sup>(b),(u)</sup>  | UFC Holdings LLC<sup>(b),(u)</sup>  | UFC Holdings LLC<sup>(b),(u)</sup>  |
| Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan |
| 3-month Term SOFR + 2.250% <br>11/21/2031<br>| &nbsp;&nbsp; 6.465% | 272613 | &nbsp;&nbsp; 273254 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1509866** |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| Hilton Domestic Operating Co., Inc.<sup>(b),(u)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(u)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(u)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(u)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 1.750% <br>11/08/2030<br>| &nbsp;&nbsp; 6.081% | 2082792 | &nbsp;&nbsp; 2085312 |
| **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** |
| ABG Intermediate Holdings 2 LLC<sup>(b),(u)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(b),(u)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(b),(u)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>12/21/2028<br>| &nbsp;&nbsp; 6.566% | 115679 | &nbsp;&nbsp; 115088 |
| Diamond Sports Net LLC<sup>(u)</sup>  | Diamond Sports Net LLC<sup>(u)</sup>  | Diamond Sports Net LLC<sup>(u)</sup>  | Diamond Sports Net LLC<sup>(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 01/02/2028 | &nbsp;&nbsp; 12.000% | 373307 | &nbsp;&nbsp; 324778 |
| Magnite, Inc.<sup>(b),(u)</sup>  | Magnite, Inc.<sup>(b),(u)</sup>  | Magnite, Inc.<sup>(b),(u)</sup>  | Magnite, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>02/06/2031<br>| &nbsp;&nbsp; 7.316% | 500084 | &nbsp;&nbsp; 500084 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MH Sub I LLC/Micro Holding Corp.<sup>(b),(u)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(b),(u)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(b),(u)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.250% <br>Floor 0.500% <br>05/03/2028<br>| &nbsp;&nbsp; 8.566% | 213735 | &nbsp;&nbsp; 197825 |
| 1-month Term SOFR + 4.250% <br>12/31/2031<br>| &nbsp;&nbsp; 8.566% | 610895 | &nbsp;&nbsp; 526897 |
| 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  |
| 1-month Term SOFR + 4.250% <br>Floor 0.500% <br>05/03/2028<br>| &nbsp;&nbsp; 8.566% | 162270 | &nbsp;&nbsp; 150190 |
| Plano Holdco, Inc.<sup>(b),(u)</sup>  | Plano Holdco, Inc.<sup>(b),(u)</sup>  | Plano Holdco, Inc.<sup>(b),(u)</sup>  | Plano Holdco, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>10/02/2031<br>| &nbsp;&nbsp; 7.796% | 129675 | &nbsp;&nbsp; 126109 |
| Red Ventures LLC/New Imagitas, Inc.<sup>(b),(u)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(b),(u)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(b),(u)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(b),(u)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>03/04/2030<br>| &nbsp;&nbsp; 7.066% | 412942 | &nbsp;&nbsp; 362872 |
| Research Now Group LLC<sup>(b),(u)</sup>  | Research Now Group LLC<sup>(b),(u)</sup>  | Research Now Group LLC<sup>(b),(u)</sup>  | Research Now Group LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>07/17/2028<br>| &nbsp;&nbsp; 9.456% | 122675 | &nbsp;&nbsp; 121372 |
| StubHub Holdco Sub LLC<sup>(b),(u)</sup>  | StubHub Holdco Sub LLC<sup>(b),(u)</sup>  | StubHub Holdco Sub LLC<sup>(b),(u)</sup>  | StubHub Holdco Sub LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 4.750% <br>03/15/2030<br>| &nbsp;&nbsp; 9.066% | 198160 | &nbsp;&nbsp; 191224 |
| X Corp.<sup>(b),(u)</sup>  | X Corp.<sup>(b),(u)</sup>  | X Corp.<sup>(b),(u)</sup>  | X Corp.<sup>(b),(u)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 3-month Term SOFR + 6.500% <br>10/26/2029<br>| &nbsp;&nbsp; 10.958% | 565099 | &nbsp;&nbsp; 551983 |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| 6-month Term SOFR + 9.500% <br>10/26/2029<br>| &nbsp;&nbsp; 9.500% | 221156 | &nbsp;&nbsp; 217246 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3385668** |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Hunterstown Generation LLC<sup>(b),(u)</sup>  | Hunterstown Generation LLC<sup>(b),(u)</sup>  | Hunterstown Generation LLC<sup>(b),(u)</sup>  | Hunterstown Generation LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>Floor 1.000% <br>11/06/2031<br>| &nbsp;&nbsp; 7.796% | 207626 | &nbsp;&nbsp; 207929 |
| **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** |
| Neon Maple Purchaser, Inc.<sup>(b),(u)</sup>  | Neon Maple Purchaser, Inc.<sup>(b),(u)</sup>  | Neon Maple Purchaser, Inc.<sup>(b),(u)</sup>  | Neon Maple Purchaser, Inc.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.750% <br>11/17/2031<br>| &nbsp;&nbsp; 7.066% | 249375 | &nbsp;&nbsp; 249340 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 6-month Term SOFR + 3.250% <br>04/28/2032<br>| &nbsp;&nbsp; 7.435% | 682716 | &nbsp;&nbsp; 686130 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **935470** |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  |
| Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>02/15/2031<br>| &nbsp;&nbsp; 8.796% | 365201 | &nbsp;&nbsp; 307887 |
| Potomac Energy Center LLC<sup>(b),(u)</sup>  | Potomac Energy Center LLC<sup>(b),(u)</sup>  | Potomac Energy Center LLC<sup>(b),(u)</sup>  | Potomac Energy Center LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>08/05/2032<br>| &nbsp;&nbsp; 7.321% | 222498 | &nbsp;&nbsp; 222082 |
| Ryan LLC<sup>(b),(u)</sup>  | Ryan LLC<sup>(b),(u)</sup>  | Ryan LLC<sup>(b),(u)</sup>  | Ryan LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>11/14/2030<br>| &nbsp;&nbsp; 7.816% | 225451 | &nbsp;&nbsp; 226062 |
| Technimark Holdings LLC<sup>(b),(u)</sup>  | Technimark Holdings LLC<sup>(b),(u)</sup>  | Technimark Holdings LLC<sup>(b),(u)</sup>  | Technimark Holdings LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>04/14/2031<br>| &nbsp;&nbsp; 7.591% | 599393 | &nbsp;&nbsp; 593776 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1349807** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Mativ Holdings, Inc.<sup>(b),(l),(u)</sup>  | Mativ Holdings, Inc.<sup>(b),(l),(u)</sup>  | Mativ Holdings, Inc.<sup>(b),(l),(u)</sup>  | Mativ Holdings, Inc.<sup>(b),(l),(u)</sup>  |
| Delayed Draw Term Loan  | Delayed Draw Term Loan  | Delayed Draw Term Loan  | Delayed Draw Term Loan  |
| 1-month Term SOFR + 2.500% <br>05/06/2027<br>| &nbsp;&nbsp; 6.916% | 162661 | &nbsp;&nbsp; 161441 |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |
| Elanco Animal Health, Inc.<sup>(b),(u)</sup>  | Elanco Animal Health, Inc.<sup>(b),(u)</sup>  | Elanco Animal Health, Inc.<sup>(b),(u)</sup>  | Elanco Animal Health, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>08/01/2027<br>| &nbsp;&nbsp; 6.204% | 1097573 | &nbsp;&nbsp; 1096201 |
| Grifols Worldwide Operations Ltd.<sup>(b),(u)</sup>  | Grifols Worldwide Operations Ltd.<sup>(b),(u)</sup>  | Grifols Worldwide Operations Ltd.<sup>(b),(u)</sup>  | Grifols Worldwide Operations Ltd.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.000% <br>11/15/2027<br>| &nbsp;&nbsp; 6.416% | 612116 | &nbsp;&nbsp; 610714 |
| Jazz Pharmaceuticals, Inc.<sup>(b),(u)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(b),(u)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(b),(u)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>05/05/2028<br>| &nbsp;&nbsp; 6.566% | 403672 | &nbsp;&nbsp; 404512 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2111427** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Property & Casualty 0.0%** | **Property & Casualty 0.0%** | **Property & Casualty 0.0%** | **Property & Casualty 0.0%** |
| AmWINS Group, Inc.<sup>(b),(u)</sup>  | AmWINS Group, Inc.<sup>(b),(u)</sup>  | AmWINS Group, Inc.<sup>(b),(u)</sup>  | AmWINS Group, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/30/2032<br>| &nbsp;&nbsp; 6.566% | 410162 | &nbsp;&nbsp; 409838 |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC<sup>(b),(u)</sup>  | 1011778 BC ULC<sup>(b),(u)</sup>  | 1011778 BC ULC<sup>(b),(u)</sup>  | 1011778 BC ULC<sup>(b),(u)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 1.750% <br>09/20/2030<br>| &nbsp;&nbsp; 6.066% | 425868 | &nbsp;&nbsp; 424007 |
| Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>11/01/2031<br>| &nbsp;&nbsp; 7.563% | 463556 | &nbsp;&nbsp; 441018 |
| KFC Holding Co./Yum! Brands<sup>(b),(u)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(u)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(u)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>03/15/2028<br>| &nbsp;&nbsp; 6.224% | 357907 | &nbsp;&nbsp; 359138 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1224163** |
| **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** |
| Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 7.566% | 387725 | &nbsp;&nbsp; 388500 |
| Michaels Co., Inc. (The)<sup>(b),(u)</sup>  | Michaels Co., Inc. (The)<sup>(b),(u)</sup>  | Michaels Co., Inc. (The)<sup>(b),(u)</sup>  | Michaels Co., Inc. (The)<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>04/15/2028<br>| &nbsp;&nbsp; 8.807% | 1920000 | &nbsp;&nbsp; 1601895 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1990395** |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/15/2029<br>| &nbsp;&nbsp; 8.808% | 223636 | &nbsp;&nbsp; 175910 |
| Boost Newco Borrower LLC<sup>(b),(u)</sup>  | Boost Newco Borrower LLC<sup>(b),(u)</sup>  | Boost Newco Borrower LLC<sup>(b),(u)</sup>  | Boost Newco Borrower LLC<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.000% <br>01/31/2031<br>| &nbsp;&nbsp; 6.296% | 535188 | &nbsp;&nbsp; 535321 |
| Castle US Holding Corp.<sup>(b),(u)</sup>  | Castle US Holding Corp.<sup>(b),(u)</sup>  | Castle US Holding Corp.<sup>(b),(u)</sup>  | Castle US Holding Corp.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 1.000% <br>04/29/2030<br>| &nbsp;&nbsp; 9.205% | 32568 | &nbsp;&nbsp; 32747 |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 4.250% <br>05/31/2030<br>| &nbsp;&nbsp; 8.717% | 237694 | &nbsp;&nbsp; 108745 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DTI Holdco, Inc.<sup>(b),(u)</sup>  | DTI Holdco, Inc.<sup>(b),(u)</sup>  | DTI Holdco, Inc.<sup>(b),(u)</sup>  | DTI Holdco, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>04/26/2029<br>| &nbsp;&nbsp; 8.316% | 285769 | &nbsp;&nbsp; 271361 |
| EagleView Technology Corp.<sup>(b),(u)</sup>  | EagleView Technology Corp.<sup>(b),(u)</sup>  | EagleView Technology Corp.<sup>(b),(u)</sup>  | EagleView Technology Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 5.500% <br>08/14/2028<br>| &nbsp;&nbsp; 9.802% | 876872 | &nbsp;&nbsp; 859063 |
| Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>01/30/2032<br>| &nbsp;&nbsp; 6.816% | 307504 | &nbsp;&nbsp; 307504 |
| McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 7.349% | 112670 | &nbsp;&nbsp; 107178 |
| Modena Buyer LLC<sup>(b),(u)</sup>  | Modena Buyer LLC<sup>(b),(u)</sup>  | Modena Buyer LLC<sup>(b),(u)</sup>  | Modena Buyer LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>07/01/2031<br>| &nbsp;&nbsp; 8.808% | 133484 | &nbsp;&nbsp; 131196 |
| Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 8.166% | 601188 | &nbsp;&nbsp; 516439 |
| Renaissance Holding Corp.<sup>(b),(u)</sup>  | Renaissance Holding Corp.<sup>(b),(u)</sup>  | Renaissance Holding Corp.<sup>(b),(u)</sup>  | Renaissance Holding Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.500% <br>04/05/2030<br>| &nbsp;&nbsp; 8.316% | 731687 | &nbsp;&nbsp; 630165 |
| Xerox Corp.<sup>(b),(u)</sup>  | Xerox Corp.<sup>(b),(u)</sup>  | Xerox Corp.<sup>(b),(u)</sup>  | Xerox Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 6-month Term SOFR + 4.000% <br>Floor 0.500% <br>11/19/2029<br>| &nbsp;&nbsp; 8.273% | 579076 | &nbsp;&nbsp; 539409 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4215038** |
| **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** |
| Frontier Communications Holdings LLC<sup>(b),(u)</sup>  | Frontier Communications Holdings LLC<sup>(b),(u)</sup>  | Frontier Communications Holdings LLC<sup>(b),(u)</sup>  | Frontier Communications Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>07/01/2031<br>| &nbsp;&nbsp; 6.866% | 203397 | &nbsp;&nbsp; 203057 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Zayo Group Holdings, Inc.<sup>(b),(u)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(u)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(u)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>03/09/2027<br>| &nbsp;&nbsp; 7.430% | 624062 | &nbsp;&nbsp; 602219 |
| 1-month Term SOFR + 4.175% <br>Floor 0.500% <br>03/09/2027<br>| &nbsp;&nbsp; 8.491% | 297344 | &nbsp;&nbsp; 290943 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1096219** |
| Total Senior Loans <br>(Cost $62,498,427) | Total Senior Loans <br>(Cost $62,498,427) | Total Senior Loans <br>(Cost $62,498,427) | &nbsp;&nbsp; **60843838** |
| **Treasury Bills 0.2%** | **Treasury Bills 0.2%** | **Treasury Bills 0.2%** | **Treasury Bills 0.2%** |
| **Issuer** | **Yield** | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| U.S. Treasury Bills<sup>(s)</sup>  | U.S. Treasury Bills<sup>(s)</sup>  | U.S. Treasury Bills<sup>(s)</sup>  | U.S. Treasury Bills<sup>(s)</sup>  |
| 01/22/2026 | &nbsp;&nbsp; 3.900% | 21870000 | &nbsp;&nbsp; 21534259 |
| Total Treasury Bills <br>(Cost $21,513,246) | Total Treasury Bills <br>(Cost $21,513,246) | Total Treasury Bills <br>(Cost $21,513,246) | &nbsp;&nbsp; **21534259** |
| **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Residual Funding Corp.<sup>(h)</sup>  | Residual Funding Corp.<sup>(h)</sup>  | Residual Funding Corp.<sup>(h)</sup>  | Residual Funding Corp.<sup>(h)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 01/15/2030 | &nbsp;&nbsp; 0.000% | 5920000 | &nbsp;&nbsp; 4997334 |
| Resolution Funding Corp.<sup>(h)</sup>  | Resolution Funding Corp.<sup>(h)</sup>  | Resolution Funding Corp.<sup>(h)</sup>  | Resolution Funding Corp.<sup>(h)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 04/15/2030 | &nbsp;&nbsp; 0.000% | 2360000 | &nbsp;&nbsp; 1966115 |
| Total U.S. Government & Agency Obligations <br>(Cost $7,064,837) | Total U.S. Government & Agency Obligations <br>(Cost $7,064,837) | Total U.S. Government & Agency Obligations <br>(Cost $7,064,837) | &nbsp;&nbsp; **6963449** |
| **U.S. Treasury Obligations 15.5%** | **U.S. Treasury Obligations 15.5%** | **U.S. Treasury Obligations 15.5%** | **U.S. Treasury Obligations 15.5%** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 07/31/2027 | &nbsp;&nbsp; 3.875% | 13455000 | &nbsp;&nbsp; 13511763 |
| 04/15/2028 | &nbsp;&nbsp; 3.750% | 25858900 | &nbsp;&nbsp; 25957891 |
| 08/15/2028 | &nbsp;&nbsp; 3.625% | 65940000 | &nbsp;&nbsp; 66027577 |
| 06/30/2030 | &nbsp;&nbsp; 3.875% | 22035000 | &nbsp;&nbsp; 22219199 |
| 07/31/2030 | &nbsp;&nbsp; 3.875% | 172265000 | &nbsp;&nbsp; 173678111 |
| 11/30/2031 | &nbsp;&nbsp; 4.125% | 60000 | &nbsp;&nbsp; 60905 |
| 04/30/2032 | &nbsp;&nbsp; 4.000% | 209500 | &nbsp;&nbsp; 210744 |
| 05/15/2035 | &nbsp;&nbsp; 4.250% | 66685000 | &nbsp;&nbsp; 66914230 |
| 08/15/2035 | &nbsp;&nbsp; 4.250% | 124282000 | &nbsp;&nbsp; 124534448 |
| 08/15/2041 | &nbsp;&nbsp; 1.750% | 40675000 | &nbsp;&nbsp; 26928121 |
| 11/15/2041 | &nbsp;&nbsp; 2.000% | 34415000 | &nbsp;&nbsp; 23590407 |
| 05/15/2042 | &nbsp;&nbsp; 3.250% | 52060000 | &nbsp;&nbsp; 42803081 |
| 11/15/2042 | &nbsp;&nbsp; 2.750% | 32165000 | &nbsp;&nbsp; 24299652 |
| 11/15/2042 | &nbsp;&nbsp; 4.000% | 7830000 | &nbsp;&nbsp; 7091044 |
| 05/15/2043 | &nbsp;&nbsp; 3.875% | 19435000 | &nbsp;&nbsp; 17230342 |
| 08/15/2043 | &nbsp;&nbsp; 3.625% | 4995000 | &nbsp;&nbsp; 4259018 |
| 08/15/2043 | &nbsp;&nbsp; 4.375% | 29925000 | &nbsp;&nbsp; 28293152 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 11/15/2043 | &nbsp;&nbsp; 4.750% | 37280000 | &nbsp;&nbsp; 36936325 |
| 08/15/2044 | &nbsp;&nbsp; 4.125% | 75945000 | &nbsp;&nbsp; 68991286 |
| 11/15/2044 | &nbsp;&nbsp; 3.000% | 2225000 | &nbsp;&nbsp; 1697606 |
| 11/15/2044 | &nbsp;&nbsp; 4.625% | 2125000 | &nbsp;&nbsp; 2061914 |
| 02/15/2045 | &nbsp;&nbsp; 4.750% | 41411300 | &nbsp;&nbsp; 40796601 |
| 05/15/2045 | &nbsp;&nbsp; 5.000% | 12850000 | &nbsp;&nbsp; 13066844 |
| 02/15/2049 | &nbsp;&nbsp; 3.000% | 80005000 | &nbsp;&nbsp; 58103631 |
| 08/15/2049 | &nbsp;&nbsp; 2.250% | 7360000 | &nbsp;&nbsp; 4541350 |
| 05/15/2050 | &nbsp;&nbsp; 1.250% | 6315000 | &nbsp;&nbsp; 2975944 |
| 11/15/2050 | &nbsp;&nbsp; 1.625% | 77745000 | &nbsp;&nbsp; 40111561 |
| 08/15/2053 | &nbsp;&nbsp; 4.125% | 24920000 | &nbsp;&nbsp; 21828363 |
| 11/15/2053 | &nbsp;&nbsp; 4.750% | 8130000 | &nbsp;&nbsp; 7903884 |
| 11/15/2054 | &nbsp;&nbsp; 4.500% | 25354900 | &nbsp;&nbsp; 23675138 |
| 02/15/2055 | &nbsp;&nbsp; 4.625% | 45590000 | &nbsp;&nbsp; 43467216 |
| 05/15/2055 | &nbsp;&nbsp; 4.750% | 34907100 | &nbsp;&nbsp; 33963517 |
| 08/15/2055 | &nbsp;&nbsp; 4.750% | 180640000 | &nbsp;&nbsp; 175813525 |
| U.S. Treasury<sup>(c)</sup>  | U.S. Treasury<sup>(c)</sup>  | U.S. Treasury<sup>(c)</sup>  | U.S. Treasury<sup>(c)</sup>  |
| 08/31/2027 | &nbsp;&nbsp; 3.625% | 164519400 | &nbsp;&nbsp; 164973200 |
| 08/31/2030 | &nbsp;&nbsp; 3.625% | 377453800 | &nbsp;&nbsp; 375213050 |
| 08/31/2032 | &nbsp;&nbsp; 4.000% | 89123800 | &nbsp;&nbsp; 89395025 |
| U.S. Treasury<sup>(r)</sup>  | U.S. Treasury<sup>(r)</sup>  | U.S. Treasury<sup>(r)</sup>  | U.S. Treasury<sup>(r)</sup>  |
| 08/15/2045 | &nbsp;&nbsp; 4.750% | 180801300 | &nbsp;&nbsp; 181023951 |
| U.S. Treasury<sup>(h),(s)</sup>  | U.S. Treasury<sup>(h),(s)</sup>  | U.S. Treasury<sup>(h),(s)</sup>  | U.S. Treasury<sup>(h),(s)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 02/15/2041 | &nbsp;&nbsp; 0.000% | 8725000 | &nbsp;&nbsp; 4061095 |
| 05/15/2041 | &nbsp;&nbsp; 0.000% | 7485000 | &nbsp;&nbsp; 3429128 |
| 08/15/2042 | &nbsp;&nbsp; 0.000% | 23610000 | &nbsp;&nbsp; 10015935 |
| 05/15/2043 | &nbsp;&nbsp; 0.000% | 17045000 | &nbsp;&nbsp; 6905627 |
| 11/15/2043 | &nbsp;&nbsp; 0.000% | 8059000 | &nbsp;&nbsp; 3170546 |
| U.S. Treasury<sup>(h)</sup>  | U.S. Treasury<sup>(h)</sup>  | U.S. Treasury<sup>(h)</sup>  | U.S. Treasury<sup>(h)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 08/15/2041 | &nbsp;&nbsp; 0.000% | 6400000 | &nbsp;&nbsp; 2890702 |
| 11/15/2041 | &nbsp;&nbsp; 0.000% | 4710000 | &nbsp;&nbsp; 2094386 |
| 05/15/2042 | &nbsp;&nbsp; 0.000% | 5400000 | &nbsp;&nbsp; 2325879 |
| 11/15/2042 | &nbsp;&nbsp; 0.000% | 970000 | &nbsp;&nbsp; 405164 |
| 02/15/2043 | &nbsp;&nbsp; 0.000% | 895000 | &nbsp;&nbsp; 368024 |
| 08/15/2043 | &nbsp;&nbsp; 0.000% | 2110000 | &nbsp;&nbsp; 842834 |
| 02/15/2044 | &nbsp;&nbsp; 0.000% | 980000 | &nbsp;&nbsp; 380252 |
| 05/15/2044 | &nbsp;&nbsp; 0.000% | 1165000 | &nbsp;&nbsp; 445537 |
| 08/15/2044 | &nbsp;&nbsp; 0.000% | 1255000 | &nbsp;&nbsp; 473821 |

---

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 02/15/2045 | &nbsp;&nbsp; 0.000% | 8770000 | &nbsp;&nbsp; 3311138 |
| 02/15/2045 | &nbsp;&nbsp; 0.000% | 695000 | &nbsp;&nbsp; 255482 |
| 11/15/2045 | &nbsp;&nbsp; 0.000% | 2120000 | &nbsp;&nbsp; 748978 |
| 05/15/2046 | &nbsp;&nbsp; 0.000% | 1775000 | &nbsp;&nbsp; 612313 |
| 08/15/2048 | &nbsp;&nbsp; 0.000% | 1910000 | &nbsp;&nbsp; 584793 |
| 02/15/2049 | &nbsp;&nbsp; 0.000% | 2000000 | &nbsp;&nbsp; 596319 |
| Total U.S. Treasury Obligations <br>(Cost $2,181,719,931) | Total U.S. Treasury Obligations <br>(Cost $2,181,719,931) | Total U.S. Treasury Obligations <br>(Cost $2,181,719,931) | &nbsp;&nbsp; **2098067569** |

---

---

| | | |
|:---|:---|:---|
| **Warrants 0.0%** | **Warrants 0.0%** | **Warrants 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 0.0%** | **Financials 0.0%** | **Financials 0.0%** |
| **Financial Services 0.0%** | **Financial Services 0.0%** | **Financial Services 0.0%** |
| DSG TopCo, Inc.<sup>(j),(l)</sup> <br>06/30/2026<br>| &nbsp;&nbsp; 101455 | &nbsp;&nbsp; 42611 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **42611** |
| Total Warrants <br>(Cost $10) | Total Warrants <br>(Cost $10) | &nbsp;&nbsp; **42611** |

---

---

| | |
|:---|:---|
| **Put Option Contracts Purchased 0.0%** | **Put Option Contracts Purchased 0.0%** |
|  | **Value ($)** |
| (Cost $680,042) | &nbsp;&nbsp; **398863** |

---

---

| | | |
|:---|:---|:---|
| **Money Market Funds 13.9%** | **Money Market Funds 13.9%** | **Money Market Funds 13.9%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, <br> 4.463%<sup>(w),(x)</sup> <br>| &nbsp;&nbsp; 1882313893 | &nbsp;&nbsp; 1881749199 |
| Total Money Market Funds <br>(Cost $1,881,751,194) | Total Money Market Funds <br>(Cost $1,881,751,194) | &nbsp;&nbsp; **1881749199** |
| **Total Investments in Securities** <br>**(Cost: $15,148,479,013)** | **Total Investments in Securities** <br>**(Cost: $15,148,479,013)** | &nbsp;&nbsp; **14915692158** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(1358324555)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **13557367603** |

---

At August 31, 2025, securities and/or cash totaling $57,488,767 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| 59 USD | &nbsp;&nbsp;&nbsp;&nbsp; 50 EUR | Barclays | 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 270,361 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 366,602 USD | Citi | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 910,093 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 598,049 USD | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 77,914,208 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 91,833,586 USD | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 463854 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,508,607 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,762,459 USD | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6680)<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| 3,771,267 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 5,017,992 USD | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (80908)<br>|
| 3,762,580 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,224,846 EUR | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 19186 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 7,323,818 USD | &nbsp;&nbsp;&nbsp;&nbsp; 6,219,795 EUR | Goldman Sachs | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29885)<br>|
| 7,474,932 MXN | &nbsp;&nbsp;&nbsp;&nbsp; 399,797 USD | Morgan Stanley | 09/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (311)<br>|
| 14,949,865 MXN | &nbsp;&nbsp;&nbsp;&nbsp; 798,072 USD | Standard Chartered | 09/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2144)<br>|
| 514,318 USD | &nbsp;&nbsp;&nbsp;&nbsp; 9,743,603 MXN | State Street | 09/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7224 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 493388 | &nbsp;&nbsp;&nbsp;&nbsp; (119928)<br>|

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Long Bond | 1743 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 199137750 | &nbsp;&nbsp;&nbsp;&nbsp; 750048 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 73 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 8340250 | &nbsp;&nbsp;&nbsp;&nbsp; 23384 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 1725 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 197081250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (354082)<br>|
| U.S. Treasury 10-Year Note | 1792 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 201600000 | &nbsp;&nbsp;&nbsp;&nbsp; 1169314 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 2088 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 234900000 | &nbsp;&nbsp;&nbsp;&nbsp; 544606 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 4469 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 931961068 | &nbsp;&nbsp;&nbsp;&nbsp; 1093230 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 592 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 123455125 | &nbsp;&nbsp;&nbsp;&nbsp; 110621 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 59 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12303805 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (99)<br>|
| U.S. Treasury 5-Year Note | 2979 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 326107406 | &nbsp;&nbsp;&nbsp;&nbsp; 1136242 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 2573 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 281663094 | &nbsp;&nbsp;&nbsp;&nbsp; 794323 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 1765 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 201927031 | &nbsp;&nbsp;&nbsp;&nbsp; 889171 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 293 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 33521031 | &nbsp;&nbsp;&nbsp;&nbsp; 150545 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 340 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 39631250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (206847)<br>|
| U.S. Treasury Ultra Bond | 1717 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 200137813 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1018984)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6661484 | &nbsp;&nbsp;&nbsp;&nbsp; (1580012)<br>|

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| Euro-Bobl | (190) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (22442800)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97446)<br>|
| Euro-Bund | (237) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (30461610)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (141888)<br>|
| Euro-Buxl 30-Year | (35) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (3970400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19443)<br>|
| Euro-Schatz | (58) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (6215570)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6477)<br>|
| Long Gilt | (9) | 12/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (814680)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 712 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | (571) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (62506656)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (148307)<br>|
| U.S. Treasury Ultra 10-Year Note | (441) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (50453156)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (128389)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 712 | &nbsp;&nbsp;&nbsp;&nbsp; (541950)<br>|

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| 2-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 172000000 | &nbsp;&nbsp; 172000000 | 4.05 | &nbsp;&nbsp; 01/30/2026 | &nbsp;&nbsp; 116272 | &nbsp;&nbsp; 43017 |
| 2-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 172000000 | &nbsp;&nbsp; 172000000 | 4.03 | &nbsp;&nbsp; 02/27/2026 | &nbsp;&nbsp; 94600 | &nbsp;&nbsp; 61473 |
| 2-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 172000000 | &nbsp;&nbsp; 172000000 | 4.00 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 137600 | &nbsp;&nbsp; 90248 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 71000000 | &nbsp;&nbsp; 71000000 | 4.22 | &nbsp;&nbsp; 01/30/2026 | &nbsp;&nbsp; 80940 | &nbsp;&nbsp; 45951 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 71000000 | &nbsp;&nbsp; 71000000 | 4.22 | &nbsp;&nbsp; 02/27/2026 | &nbsp;&nbsp; 108630 | &nbsp;&nbsp; 66300 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 71000000 | &nbsp;&nbsp; 71000000 | 4.22 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 142000 | &nbsp;&nbsp; 91874 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 680042 | &nbsp;&nbsp; 398863 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** |
| **Fund receives** | **Fund pays** | **Payment** <br>**frequency**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| SOFR | Fixed rate of <br> 4.805%<br>| Receives Annually, Pays Annually | JPMorgan | 08/31/2025 | USD | 167010000 | (411151)<br>|  |  |  | (411151)<br>|
| Fixed rate of <br> 4.750%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 05/11/2026 | USD | 60000000 | 291616 |  |  | 291616 |  |
| SOFR | Fixed rate of <br> 4.663%<br>| Receives Annually, Pays Annually | JPMorgan | 05/17/2026 | USD | 164695000 | (961410)<br>|  |  |  | (961410)<br>|
| Fixed rate of <br> 4.497%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 05/13/2027 | USD | 74475000 | 1276177 |  |  | 1276177 |  |
| SOFR | Fixed rate of <br> 4.253%<br>| Receives Annually, Pays Annually | JPMorgan | 05/13/2029 | USD | 46350000 | (1512034)<br>|  |  |  | (1512034)<br>|
| Fixed rate of <br> 4.004%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 12/20/2044 | USD | 37895000 | (437847)<br>|  |  |  | (437847)<br>|
| Fixed rate of <br> 3.805%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 12/16/2049 | USD | 25535000 | (1252748)<br>|  |  |  | (1252748)<br>|
| SOFR | Fixed rate of <br> 1.350%<br>| Receives Annually, Pays Annually | JPMorgan | 05/11/2054 | USD | 5710000 | 206955 |  |  | 206955 |  |
| SOFR | Fixed rate of <br> 3.136%<br>| Receives Annually, Pays Annually | JPMorgan | 12/14/2054 | USD | 33500000 | 756512 |  |  | 756512 |  |
| SOFR | Fixed rate of <br> 3.719%<br>| Receives Annually, Pays Annually | JPMorgan | 12/16/2054 | USD | 22610000 | 1495776 |  |  | 1495776 |  |
| SOFR | Fixed rate of <br> 3.825%<br>| Receives Annually, Pays Annually | JPMorgan | 12/20/2054 | USD | 28885000 | 1393135 |  |  | 1393135 |  |
| Total |  |  |  |  |  |  | 844981 |  |  | 5420171 | (4575190)<br>|

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Pay** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CDX North America High Yield <br> Index, Series 44<br>| Morgan Stanley | 06/20/2030 | 5.000 | Quarterly | USD | 34766000 | (412471)<br>|  |  |  | (412471)<br>|

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CDX North America <br> Investment Grade Index, <br> Series 44<br>| JPMorgan | 06/20/2030 | 1.000 | Quarterly | 0.509 | USD | 83260000 | 2241 |  |  | 2241 |  |

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | |
|:---|:---|:---|
| **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** |
| **Reference index**  |  | **Reference rate** |
| SOFR | Secured Overnight Financing Rate | 4.340% |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At August 31, 2025, the total value of these securities amounted to $4,028,620,918, which represents 29.72% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of August
 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool
 of assets. The interest rate shown was the current rate as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents interest only securities which have the right to receive the monthly interest
 payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Principal amounts are denominated in United States Dollars unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents principal only securities which have the right to receive the principal
 portion only on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Zero coupon bond.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At August 31, 2025, the total value of these securities amounted to $905,047, which represents 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These
 securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund's Board of Trustees. At August 31, 2025, the total market value of these securities amounted to $899,705, which represents 0.01% of total net assets. Additional information on these securities is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Digicel Ltd. | 01/29/2024 | &nbsp;&nbsp; 3868 | &nbsp;&nbsp; 38680 | &nbsp;&nbsp; 38680 |
| Digicel Ltd. | 01/29/2024 | &nbsp;&nbsp; 59381 | &nbsp;&nbsp; 34843 | &nbsp;&nbsp; 861025 |
|  |  |  | &nbsp;&nbsp; 73523 | &nbsp;&nbsp; 899705 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(l) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Represents a variable rate security with a step coupon where the rate adjusts according
 to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the
 current rate as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Payment-in-kind security. Interest can be paid by issuing additional par of the security
 or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Represents a security in default.

&nbsp;&nbsp;&nbsp;&nbsp;(q) Principal and interest may not be guaranteed by a governmental entity.

&nbsp;&nbsp;&nbsp;&nbsp;(r) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(s) This security or a portion of this security has been pledged as collateral in connection
 with derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(t) Represents a variable rate security where the coupon adjusts periodically through
 an auction process.

&nbsp;&nbsp;&nbsp;&nbsp;(u) The stated interest rate represents the weighted average interest rate at August 31,
 2025 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated
 base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on
 a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from
 excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities
 of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower
 prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(v) At August 31, 2025, the Fund had unfunded senior loan commitments pursuant to the
 terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated
 rate in the loan agreement.

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| First Eagle Holdings, Inc. <br>Delayed Draw Term Loan <br>08/16/2032 1.750%<br>| 36584<br>|
| Kelso Industries LLC <br>Delayed Draw Term Loan <br>12/30/2029 5.750%<br>| 66500<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;(w) The rate shown is the seven-day current annualized yield at August 31, 2025.

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(x) Under Section 2(a)(3) of the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund.
 The value of the holdings and transactions in these affiliated companies during the year ended August 31, 2025 are as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% | Columbia Short-Term Cash Fund, 4.463% |
|  | 1187554370 | &nbsp;&nbsp; 11308879904 | &nbsp;&nbsp; (10614638786)<br>| &nbsp;&nbsp; (46289)<br>| &nbsp;&nbsp; 1881749199 | &nbsp;&nbsp; 38377 | &nbsp;&nbsp; 47544415 | &nbsp;&nbsp; 1882313893 |

---

**Abbreviation Legend** 

---

| | |
|:---|:---|
| BAM | Build America Mutual Assurance Co. |
| BIG | Bond Investors Guarantee |
| CMO | Collateralized Mortgage Obligation |
| CMT | Constant Maturity Treasury |
| FHLMC | Federal Home Loan Mortgage Corporation |
| LIBOR | London Interbank Offered Rate |
| MTA | Monthly Treasury Average |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| EUR | Euro |
| GBP | British Pound |
| MXN | Mexican Peso |
| USD | US Dollar |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Values of foreign equity securities actively traded in markets where there is a significant delay in the local close relative to the New York Stock Exchange may include an adjustment to reflect the impact of market movements following the close of local trading, as described in Note 2 to the financial statements – Security valuation. When such adjustments have been made, the foreign equity securities are classified as Level 2.

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Portfolio of Investments (continued)

August 31, 2025

**Fair value measurements (continued)**

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 1702109611 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1702109611 |
| Commercial Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 48361218 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48361218 |
| Commercial Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 971991616 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 971991616 |
| Common Stocks |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 861025 | &nbsp;&nbsp;&nbsp;&nbsp; 861025 |
| Energy |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 35 |
| Financials |  | &nbsp;&nbsp;&nbsp;&nbsp; 786538 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 786538 |
| Total Common Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 786538 | &nbsp;&nbsp;&nbsp;&nbsp; 861060 | &nbsp;&nbsp;&nbsp;&nbsp; 1647598 |
| Convertible Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 6863456 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6863456 |
| Convertible Preferred Stocks |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38680 | &nbsp;&nbsp;&nbsp;&nbsp; 38680 |
| Total Convertible Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38680 | &nbsp;&nbsp;&nbsp;&nbsp; 38680 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 3498747985 | &nbsp;&nbsp;&nbsp;&nbsp; 8184642 | &nbsp;&nbsp;&nbsp;&nbsp; 3506932627 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 183528451 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 183528451 |
| Inflation-Indexed Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 754027 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 754027 |
| Municipal Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 35900824 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35900824 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 3693786546 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3693786546 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 693920112 | &nbsp;&nbsp;&nbsp;&nbsp; 257604 | &nbsp;&nbsp;&nbsp;&nbsp; 694177716 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 52198529 | &nbsp;&nbsp;&nbsp;&nbsp; 8645309 | &nbsp;&nbsp;&nbsp;&nbsp; 60843838 |
| Treasury Bills |  | &nbsp;&nbsp;&nbsp;&nbsp; 21534259 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21534259 |
| U.S. Government & Agency Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 6963449 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6963449 |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 2098067569 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2098067569 |
| Warrants |  |  |  |  |
| Financials |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42611 | &nbsp;&nbsp;&nbsp;&nbsp; 42611 |
| Total Warrants |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42611 | &nbsp;&nbsp;&nbsp;&nbsp; 42611 |
| Put Option Contracts Purchased |  | &nbsp;&nbsp;&nbsp;&nbsp; 398863 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 398863 |
| Money Market Funds | 1881749199 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1881749199 |
| Total Investments in Securities | 1881749199 | &nbsp;&nbsp;&nbsp;&nbsp; 13015913053 | &nbsp;&nbsp;&nbsp;&nbsp; 18029906 | &nbsp;&nbsp;&nbsp;&nbsp; 14915692158 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 493388 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 493388 |
| Futures Contracts | 6662196 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6662196 |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 5422412 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5422412 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Portfolio of Investments (continued)

August 31, 2025

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (119928)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (119928)<br>|
| Futures Contracts | (2121962)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2121962)<br>|
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (4987661)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4987661)<br>|
| Total | 1886289433 | &nbsp;&nbsp;&nbsp;&nbsp; 13016721264 | &nbsp;&nbsp;&nbsp;&nbsp; 18029906 | &nbsp;&nbsp;&nbsp;&nbsp; 14921040603 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The Fund's assets assigned to the Level 2 input category are generally valued using the market approach, in which a security's value is determined through reference to prices and information from market transactions for similar or identical assets. These assets include certain foreign securities for which a third party statistical pricing service may be employed for purposes of fair market valuation. The model utilized by such third party statistical pricing service takes into account a security's correlation to available market data including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable.

Forward foreign currency exchange contracts, futures contracts and swap contracts are valued at unrealized appreciation (depreciation).

The Fund does not hold any significant investments (greater than one percent of net assets) categorized as Level 3.

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Statement of Assets and Liabilities

August 31, 2025

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $13,266,047,777) | $13033544096 |
| Affiliated issuers (cost $1,881,751,194) | 1881749199 |
| Option contracts purchased (cost $680,042) | 398863 |
| Foreign currency (cost $1,255,167) | 1255904 |
| Cash collateral held at broker for: |  |
| TBA | 2601439 |
| Margin deposits on: |  |
| Futures contracts | 29048605 |
| Swap contracts | 1900000 |
| Unrealized appreciation on forward foreign currency exchange contracts | 493388 |
| Receivable for: |  |
| Investments sold | 121946669 |
| Investments sold on a delayed delivery basis  | 170639720 |
| Capital shares sold | 53225552 |
| Dividends | 4430650 |
| Interest | 89140579 |
| Foreign tax reclaims | 131840 |
| Variation margin for futures contracts | 325673 |
| Variation margin for swap contracts | 2314454 |
| Prepaid expenses | 57703 |
| Deferred compensation of board members | 663819 |
| Total assets | 15393868153 |
| **Liabilities** |  |
| Due to custodian | 7340165 |
| Unrealized depreciation on forward foreign currency exchange contracts | 119928 |
| Cash collateral due to broker for: |  |
| TBA | 1945821 |
| Payable for: |  |
| Investments purchased | 121770096 |
| Investments purchased on a delayed delivery basis | 1640932452 |
| Capital shares redeemed | 9805348 |
| Distributions to shareholders | 48046594 |
| Variation margin for futures contracts | 4516189 |
| Variation margin for swap contracts | 386094 |
| Management services fees | 161220 |
| Transfer agent fees | 318744 |
| Compensation of board members | 14032 |
| Other expenses | 225147 |
| Deferred compensation of board members | 918720 |
| Total liabilities | 1836500550 |
| **Net assets applicable to outstanding capital stock** | **$13557367603** |
| **Represented by** |  |
| Paid in capital | 15165452831 |
| Total distributable earnings (loss) | (1608085228)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$13557367603** |
| **Institutional Class** |  |
| Net assets | $13557367603 |
| Shares outstanding | 1557657599 |
| Net asset value per share | $8.70 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Statement of Operations

Year Ended August 31, 2025

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $628785 |
| Dividends — affiliated issuers | 47544415 |
| Interest | 604520687 |
| Interfund lending | 45485 |
| Total income | 652739372 |
| Expenses: |  |
| Management services fees | 57639253 |
| Transfer agent fees |  |
| Institutional Class | 4603508 |
| Custodian fees | 260715 |
| Printing and postage fees | 253525 |
| Registration fees | 396073 |
| Accounting services fees | 57850 |
| Legal fees | 218815 |
| Interest on collateral | 124964 |
| Compensation of chief compliance officer | 2313 |
| Compensation of board members | 150329 |
| Deferred compensation of board members | 55391 |
| Other | 185243 |
| Total expenses | 63947979 |
| **Net investment income** | 588791393 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | (113502682)<br>|
| Investments — affiliated issuers | 38377 |
| Foreign currency translations | (55672)<br>|
| Forward foreign currency exchange contracts | (6100066)<br>|
| Futures contracts | (82705386)<br>|
| Swap contracts | 4965214 |
| Net realized loss | (197360215)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 31393583 |
| Investments — affiliated issuers | (46289)<br>|
| Foreign currency translations | 36965 |
| Forward foreign currency exchange contracts | 373460 |
| Futures contracts | 13635615 |
| Option contracts purchased | (281179)<br>|
| Swap contracts | 594769 |
| Net change in unrealized appreciation (depreciation) | 45706924 |
| Net realized and unrealized loss | (151653291)<br>|
| **Net increase in net assets resulting from operations** | **$437138102** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Statement of Changes in Net Assets

---

| | | |
|:---|:---|:---|
|  | **Year Ended** <br>**August 31, 2025**<br>| **Year Ended** <br>**August 31, 2024**<br>|
| **Operations** |  |  |
| Net investment income | $588791393 | &nbsp;&nbsp; $556689942 |
| Net realized loss | (197360215)<br>| &nbsp;&nbsp; (76617121)<br>|
| Net change in unrealized appreciation (depreciation) | 45706924 | &nbsp;&nbsp; 544360794 |
| Net increase in net assets resulting from operations | 437138102 | &nbsp;&nbsp; 1024433615 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Institutional Class | (593351100)<br>| &nbsp;&nbsp; (567237371)<br>|
| Institutional 3 Class |  | &nbsp;&nbsp; (244)<br>|
| Total distributions to shareholders | (593351100)<br>| &nbsp;&nbsp; (567237615)<br>|
| Increase in net assets from capital stock activity | 364549694 | &nbsp;&nbsp; 1573353141 |
| Total increase in net assets | 208336696 | &nbsp;&nbsp; 2030549141 |
| Net assets at beginning of year | 13349030907 | &nbsp;&nbsp; 11318481766 |
| **Net assets at end of year** | **$13557367603** | &nbsp;&nbsp; **$13349030907** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|  | **August 31, 2025**  | **August 31, 2025**  | **August 31, 2024**  | **August 31, 2024**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Institutional Class |  |  |  |  |
| Shares sold | 389108383 | &nbsp;&nbsp;&nbsp;&nbsp; 3353783407 | &nbsp;&nbsp;&nbsp;&nbsp; 398556262 | &nbsp;&nbsp;&nbsp;&nbsp; 3382375411 |
| Distributions reinvested | 68556157 | &nbsp;&nbsp;&nbsp;&nbsp; 593351100 | &nbsp;&nbsp;&nbsp;&nbsp; 66554580 | &nbsp;&nbsp;&nbsp;&nbsp; 567237371 |
| Shares redeemed | (416420878)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3582584813)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (277872227)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2376251422)<br>|
| Net increase | 41243662 | &nbsp;&nbsp;&nbsp;&nbsp; 364549694 | &nbsp;&nbsp;&nbsp;&nbsp; 187238615 | &nbsp;&nbsp;&nbsp;&nbsp; 1573361360 |
| Institutional 3 Class |  |  |  |  |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (978)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8219)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (978)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8219)<br>|
| **Total net increase** | **41243662** | &nbsp;&nbsp;&nbsp;&nbsp; **364549694** | &nbsp;&nbsp;&nbsp;&nbsp; **187237637** | &nbsp;&nbsp;&nbsp;&nbsp; **1573353141** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. Per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Institutional Class** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
| **Institutional Class** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |
| Net asset value, beginning of period | $8.80 | &nbsp;&nbsp;&nbsp; $8.52 | &nbsp;&nbsp;&nbsp; $8.94 | &nbsp;&nbsp;&nbsp; $10.46 | &nbsp;&nbsp;&nbsp; $10.76 |
| **Income (loss) from investment operations:** |  |  |  |  |  |
| Net investment income | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.34 | &nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;0.19 |
| Net realized and unrealized gain (loss) | (0.09)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.29 | &nbsp;&nbsp;&nbsp; (0.42)<br>| &nbsp;&nbsp;&nbsp; (1.49)<br>| &nbsp;&nbsp;&nbsp; (0.05)<br>|
| Total from investment operations | 0.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.67 | &nbsp;&nbsp;&nbsp; (0.08)<br>| &nbsp;&nbsp;&nbsp; (1.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.14 |
| **Distributions to shareholders** |  |  |  |  |  |
| Distributions from net investment income | (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp;&nbsp; (0.20)<br>|
| Distributions from net realized gains |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>|
| Total distributions to shareholders | (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.44)<br>|
| Net asset value, end of period | $8.70 | &nbsp;&nbsp;&nbsp; $8.80 | &nbsp;&nbsp;&nbsp; $8.52 | &nbsp;&nbsp;&nbsp; $8.94 | &nbsp;&nbsp;&nbsp; $10.46 |
| Total return | 3.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.13<br> %<br>| &nbsp;&nbsp;&nbsp; (0.87<br> %)<br>| &nbsp;&nbsp;&nbsp; (12.40<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |
| Total gross expenses<sup>(a)</sup> <br>| 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b),(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>|
| Total net expenses<sup>(a),(d)</sup> <br>| 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b),(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>|
| Net investment income  | 4.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>|
| **Supplemental data** |  |  |  |  |  |
| Net assets, end of period (in thousands) | $13557368 | &nbsp;&nbsp;&nbsp; $13349031 | &nbsp;&nbsp;&nbsp; $11318473 | &nbsp;&nbsp;&nbsp; $10648886 | &nbsp;&nbsp;&nbsp; $10863358 |
| Portfolio turnover | 225<br> %<br>| &nbsp;&nbsp;&nbsp; 236<br> %<br>| &nbsp;&nbsp;&nbsp; 290<br> %<br>| &nbsp;&nbsp;&nbsp; 284<br> %<br>| &nbsp;&nbsp;&nbsp; 232<br> %<br>|

---

---

| | |
|:---|:---|
| **Notes to Financial Highlights** | **Notes to Financial Highlights** |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Ratios include interest on collateral expense which is less than 0.01%. |
| (c) | Ratios include interfund lending expense which is less than 0.01%. |
| (d) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Notes to Financial Statements

August 31, 2025

Note 1. Organization

Multi-Manager Total Return Bond Strategies Fund (the Fund), a series of Columbia Funds Series Trust I (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares** 

The Trust may issue an unlimited number of shares (without par value). The Fund is offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. (Ameriprise Financial) or its affiliates. The Fund offers the share class listed in the Statement of Assets and Liabilities which is not subject to any front-end sales charge or contingent deferred sales charge.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

In this reporting period, the Fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures (ASU 2023-07). Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund's financial position or its results of operations. The intent of the ASU 2023-07 is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures.

The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Equity securities listed on an exchange are valued at the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred stocks convertible into common stocks are valued using an evaluated price from a pricing service.

Debt securities generally are valued based on prices obtained from pricing services, which are intended to reflect market transactions for normal, institutional-size trading units of similar securities. The services may use various pricing techniques that take into account, as applicable, factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as approved independent broker-dealer quotes. Debt securities for which quotations are not readily available or not believed to be reflective of market value may also be valued based upon a bid quote from an approved independent broker-dealer. Debt securities maturing in 60 days or less are valued primarily at amortized market value, unless this method results in a valuation that management believes does not approximate fair value.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Notes to Financial Statements (continued)

August 31, 2025

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange bid quote from an approved independent broker-dealer. Debt securities maturing in 60 days or less are valued primarily at amortized market value, unless this method results in a valuation that management believes does not approximate fair value.

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

Foreign equity securities are valued based on the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or markets. Foreign currency exchange rates are determined at the scheduled closing time of the New York Stock Exchange. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange; therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing service to determine these fair values. The third-party pricing service takes into account multiple factors, including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable, to determine a good faith estimate that reasonably reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security is likely to be different from the quoted or published price, if available.

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Forward foreign currency exchange contracts are marked-to-market based upon foreign currency exchange rates provided by a pricing service.

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

Option contracts are valued at the mean of the latest quoted bid and ask prices on their primary exchanges. Option contracts, including over-the-counter option contracts, with no readily available market quotations are valued using mid-market evaluations from independent third-party vendors.

Swap transactions are valued through an independent pricing service or broker, or if neither is available, through an internal model based upon observable inputs.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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Notes to Financial Statements (continued)

August 31, 2025

**Foreign currency transactions and translations** 

The values of all assets and liabilities denominated in foreign currencies are generally translated into U.S. dollars at exchange rates determined at the close of regular trading on the New York Stock Exchange. Net realized and unrealized gains (losses) on foreign currency transactions and translations include gains (losses) arising from the fluctuation in exchange rates between trade and settlement dates on securities transactions, gains (losses) arising from the disposition of foreign currency and currency gains (losses) between the accrual and payment dates on dividends, interest income and foreign withholding taxes.

For financial statement purposes, the Fund does not distinguish that portion of gains (losses) on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are included with the net realized and unrealized gains (losses) on investments in the Statement of Operations.

**Derivative instruments**

The Fund invests in certain derivative instruments, as detailed below, in seeking to meet its investment objectives. Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more securities, currencies, commodities, indices, or other assets or instruments. Derivatives may be used to increase investment flexibility (including to maintain cash reserves while maintaining desired exposure to certain assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. The Fund may also use derivative instruments to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. Derivatives may involve various risks, including the potential inability of the counterparty to fulfill its obligations under the terms of the contract, the potential for an illiquid secondary market (making it difficult for the Fund to sell or terminate, including at favorable prices) and the potential for market movements which may expose the Fund to gains or losses in excess of the amount shown in the Statement of Assets and Liabilities. The notional exposure of a financial instrument is the nominal or face amount that is used to calculate payments made on that instrument and/or changes in value for the instrument. The notional exposure is a hypothetical underlying quantity upon which payment obligations are computed. Notional exposures provide a gauge for how the Fund may behave given changes in the underlying rate, asset or reference instrument and individual markets. The notional amounts of derivative instruments, if applicable, are not recorded in the financial statements.

A derivative instrument may suffer a marked-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform its obligations under the contract. The Fund's risk of loss from counterparty credit risk on over-the-counter derivatives is generally expected to be limited to the aggregate unrealized gain netted against any collateral held by the Fund and the amount of any variation margin held by the counterparty, plus any replacement costs or related amounts. With exchange-traded or centrally cleared derivatives, there is reduced counterparty credit risk to the Fund since the clearinghouse or central counterparty provides some protection in the case of clearing member default. The clearinghouse or central counterparty stands between the buyer and the seller of the contract; therefore, failure of the clearinghouse or central counterparty may pose additional counterparty credit risk. However, credit risk still exists in exchange-traded or centrally cleared derivatives with respect to initial and variation margin that is held in a broker's customer account. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients and such shortfall is remedied by the central counterparty or otherwise, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all the clearing broker's customers (including the Fund), potentially resulting in losses to the Fund.

In order to better define its contractual rights and to secure rights that will help the Fund mitigate its counterparty risk in respect of over-the-counter derivatives, the Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or similar agreement with its derivatives counterparties. An ISDA Master Agreement is an agreement between the Fund and a counterparty that governs over-the-counter derivatives and foreign exchange forward contracts and contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative instruments' payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the

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Notes to Financial Statements (continued)

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event of default (close-out netting), including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset or netting in bankruptcy, insolvency or other events.

Collateral (margin) requirements differ by type of derivative. Margin requirements are established by the clearinghouse or central counterparty for exchange-traded and centrally cleared derivatives. Brokers can ask for margin in excess of the minimum in certain circumstances. Collateral terms for most over-the-counter derivatives are subject to regulatory requirements to exchange variation margin with trading counterparties and may have contract specific margin terms as well. For over-the-counter derivatives traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the marked-to-market amount for each transaction under such agreement and comparing that amount to the value of any variation margin currently pledged by the Fund and/or the counterparty. Generally, the amount of collateral due from or to a party has to exceed a minimum transfer amount threshold (e.g., $250,000) before a transfer has to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance. The Fund may also pay interest expense on cash collateral received from the broker or receive interest income on cash collateral pledged to the broker. The Fund attempts to mitigate counterparty risk by only entering into agreements with counterparties that it believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties.

Certain ISDA Master Agreements allow counterparties of over-the-counter derivatives transactions to terminate derivatives contracts prior to maturity in the event the Fund's net asset value declines by a stated percentage over a specified time period or if the Fund fails to meet certain terms of the ISDA Master Agreement, which would cause the Fund to accelerate payment of any net liability owed to the counterparty. The Fund also has termination rights if the counterparty fails to meet certain terms of the ISDA Master Agreement. In determining whether to exercise such termination rights, the Fund would consider, in addition to counterparty credit risk, whether termination would result in a net liability owed from the counterparty.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.

**Forward foreign currency exchange contracts** 

Forward foreign currency exchange contracts are over-the-counter agreements between two parties to buy and sell a currency at a set price on a future date. The Fund utilized forward foreign currency exchange contracts to hedge the currency exposure associated with some or all of the Fund's securities, to shift foreign currency exposure back to U.S. dollars and to shift investment exposure from one currency to another. These instruments may be used for other purposes in future periods.

The values of forward foreign currency exchange contracts fluctuate daily with changes in foreign currency exchange rates. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract is exercised or has expired. The Fund will realize a gain or loss when the forward foreign currency exchange contract is closed or expires. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without delivery of foreign currency.

The use of forward foreign currency exchange contracts does not eliminate fluctuations in the prices of the Fund's portfolio securities. The risks of forward foreign currency exchange contracts include movement in the values of the foreign currencies relative to the U.S. dollar (or other foreign currencies) and the possibility that counterparties will not complete their contractual obligations, which may be in excess of the amount reflected, if any, in the Statement of Assets and Liabilities.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to produce incremental earnings, to manage the duration and yield curve exposure of the Fund versus the benchmark, to manage exposure to movements in interest rates and to hedge against market volatility. These instruments may be used for other purposes in future periods. Upon

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Notes to Financial Statements (continued)

August 31, 2025

entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.

**Options contracts**

Options are contracts which entitle the holder to purchase or sell securities or other identified assets at a specified price, or in the case of index option contracts, to receive or pay the difference between the index value and the strike price of the index option contract. Option contracts can be either exchange-traded or over-the-counter. The Fund purchased option contracts to hedge certain Fund investment exposures and to manage exposure to fluctuations in interest rates. These instruments may be used for other purposes in future periods. Completion of transactions for option contracts traded in the over-the-counter market depends upon the performance of the other party. Collateral may be collected or posted by the Fund to secure over-the-counter option contract trades. Collateral held or posted by the Fund for such option contract trades must be returned to the broker or the Fund upon closure, exercise or expiration of the contract.

Options contracts purchased are recorded as investments. When the Fund writes an options contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the option written. Changes in the fair value of the written option are recorded as unrealized appreciation or depreciation until the contract is exercised or has expired. The Fund realizes a gain or loss when the option contract is closed or expires. When option contracts are exercised, the proceeds on sales for a written call or purchased put option contract, or the purchase cost for a written put or purchased call option contract, is adjusted by the amount of premium received or paid.

For over-the-counter options purchased, the Fund bears the risk of loss of the amount of the premiums paid plus the positive change in market values net of any collateral held by the Fund should the counterparty fail to perform under the contracts. Option contracts written by the Fund do not typically give rise to significant counterparty credit risk, as options written generally obligate the Fund and not the counterparty to perform. The risk in writing a call option contract is that the Fund gives up the opportunity for profit if the market price of the security increases above the strike price and the option contract is exercised. The risk in writing a put option contract is that the Fund may incur a loss if the market price of the security decreases below the strike price and the option contract is exercised. Exercise of a written option could result in the Fund purchasing or selling a security or foreign currency when it otherwise would not, or at a price different from the current market value. In purchasing and writing options, the Fund bears the risk of an unfavorable change in the value of the underlying instrument or the risk that the Fund may not be able to enter into a closing transaction due to an illiquid market.

**Interest rate swaption contracts** 

Interest rate swaption contracts entered into by the Fund typically represent an option that gives the purchaser the right, but not the obligation, to enter into an interest rate swap contract on a future date. Each interest rate swaption contract will specify if the buyer is entitled to receive the fixed or floating rate if the interest rate is exercised. Changes in the value of purchased interest rate swaption contracts are reported as unrealized appreciation or depreciation on options in the Statement of Assets and Liabilities. Gain or loss is recognized in the Statement of Operations when the interest rate swaption contract is closed or expires.

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Notes to Financial Statements (continued)

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When the Fund writes an interest rate swaption contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the interest rate swaption contract written. Premiums received from writing interest rate swaption contracts that expire unexercised are recorded by the Fund on the expiration date as realized gains from options written in the Statement of Operations. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also recorded as realized gain, or if the premium is less than the amount paid for the closing purchase, as realized loss. These amounts are reflected as net realized gain (loss) on options written in the Statement of Operations.

**Swap contracts**

Swap contracts are negotiated in the over-the-counter market and are entered into bilaterally or centrally cleared (centrally cleared swap contract). In a centrally cleared swap contract, immediately following execution of the swap contract with a broker, the swap contract is novated to a central counterparty and the central counterparty becomes the Fund's counterparty to the centrally cleared swap contract. The Fund is required to deposit initial margin with the futures commission merchant (FCM), which pledges it through to the central counterparty in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap contract. Securities deposited as initial margin are designated in the Portfolio of Investments and cash deposited is recorded in the Statement of Assets and Liabilities as margin deposits. For a bilateral swap contract, the Fund has credit exposure to the broker, but exchanges daily variation margin with the broker based on the mark-to-market value of the swap contract to minimize that exposure. For centrally cleared swap contracts, there is less credit exposure to the FCM than in the case of an over-the-counter derivative, because the central counterparty stands between the Fund and the relevant buyer/seller on the other side of the contract. Swap contracts are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation). The daily change in valuation of centrally cleared swap contracts, if any, is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities.

Entering into these contracts involves, to varying degrees, elements of interest, liquidity and counterparty credit risk in excess of the amounts recognized in the Statement of Assets and Liabilities. Such risks involve the possibility that there may be unfavorable changes in interest rates, market conditions or other conditions, that it may be difficult to initiate a swap transaction or liquidate a position at an advantageous time or price which may result in significant losses, and that the bilateral counterparty, FCM or central counterparty, as applicable, may not fulfill its obligation under the contract.

**Credit default swap contracts**

The Fund entered into credit default swap contracts to increase or decrease its credit exposure to an index, to increase or decrease its credit exposure to a specific debt security or a basket of debt securities, as a protection buyer, to reduce overall credit exposure and to manage credit risk exposure. These instruments may be used for other purposes in future periods. Credit default swap contracts are transactions in which one party pays fixed periodic payments to a counterparty in consideration for an agreement from the counterparty to make a specific payment should a specified credit event(s) take place. Although specified credit events are contract specific, credit events are typically bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium.

As the purchaser of a credit default swap contract, the Fund purchases protection by paying a periodic interest rate on the notional amount to the counterparty. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized loss upon payment. If a credit event as specified in the contract occurs, the Fund may have the option either to deliver the reference obligation to the seller in exchange for a cash payment of its par amount, or to receive a net cash settlement equal to the par amount less an agreed-upon value of the reference obligation as of the date of the credit event. The difference between the value of the obligation or cash delivered and the notional amount received will be recorded as a realized gain (loss).

As the seller of a credit default swap contract, the Fund sells protection to a buyer and will generally receive a periodic interest rate on a notional amount. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized gain upon receipt of the payment. If a credit event as specified in the contract with the counterparty occurs, the Fund may either be required to accept the reference obligation from the buyer in exchange for a cash payment of its notional amount, or to pay the buyer a net cash settlement equal to the notional amount less an

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Notes to Financial Statements (continued)

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agreed-upon value of the reference obligation (recovery value) as of the date of the credit event. The difference between the value of the obligation or cash received and the notional amount paid will be recorded as a realized gain (loss). The maximum potential amount of undiscounted future payments the Fund could be required to make as the seller of protection under a credit default swap contract is equal to the notional amount of the reference obligation. These potential amounts may be partially offset by any recovery values of the respective reference obligations or upfront receipts upon entering into the agreement. The notional amounts and market values of all credit default swap contracts in which the Fund is the seller of protection, if any, are disclosed in the Credit Default Swap Contracts Outstanding schedule following the Portfolio of Investments.

As a protection seller, the Fund bears the risk of loss from the credit events specified in the contract with the counterparty. For credit default swap contracts on credit indices, quoted market prices and resulting market values serve as an indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.

Any upfront payment or receipt by the Fund upon entering into a credit default swap contract is recorded as an asset or liability, respectively, and amortized daily as a component of realized gain (loss) in the Statement of Operations. Credit default swap contracts are valued daily, and the change in value is recorded as unrealized appreciation (depreciation) until the termination of the swap, at which time a realized gain (loss) is recorded.

Credit default swap contracts can involve greater risks than if a fund had invested in the reference obligation directly since, in addition to general market risks, credit default swaps are subject to other risks including counterparty credit risk, leverage risk, hedging risk, correlation risk and liquidity risk.

**Interest rate and inflation rate swap contracts**

The Fund entered into interest rate swap transactions or inflation rate swap contracts (together, rate swaps) to produce incremental earnings, to manage interest rate and market risk exposure to produce incremental earnings, to gain exposure to or protect itself from market rate changes and to hedge the portfolio risk associated with some or all of the Fund's securities. These instruments may be used for other purposes in future periods. A rate swap is an agreement between two parties where there are two flows and payments are made between the two counterparties and the payments are dependent upon changes in an interest rate, inflation rate or inflation index calculated on a notional amount. Certain rate swaps are considered forward-starting, whereby the accrual for the exchange of cash flows does not begin until a specified date in the future. The net cash flow for a standard rate swap is generally the difference between a floating market interest rate or floating rate linked to an inflation index versus a fixed interest rate as applied to the notional amount.

Rate swaps are valued daily and unrealized appreciation (depreciation) is recorded. Certain rate swaps may accrue periodic interest on a daily basis as a component of unrealized appreciation (depreciation); the Fund will realize a gain or loss upon the payment or receipt of accrued interest. The Fund will realize a gain or a loss when the rate swap is terminated.

**Effects of derivative transactions in the financial statements**

The following tables are intended to provide additional information about the effect of derivatives on the financial statements of the Fund, including: the fair value of derivatives by risk category and the location of those fair values in the Statement of Assets and Liabilities; and the impact of derivative transactions over the period in the Statement of Operations, including realized and unrealized gains (losses). The derivative instrument schedules following the Portfolio of Investments present additional information regarding derivative instruments outstanding at the end of the period, if any.

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Notes to Financial Statements (continued)

August 31, 2025

The following table is a summary of the fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) at August 31, 2025:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 2,241<br> \*<br>|
| Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 493388 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 6,662,196<br> \*<br>|
| Interest rate risk | Investments, at value — Option contracts purchased | &nbsp;&nbsp;&nbsp;&nbsp; 398863 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 5,420,171<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 12976859 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 412,471<br> \*<br>|
| Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 119928 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 2,121,962<br> \*<br>|
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4,575,190<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 7229551 |

---

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

The following table indicates the effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the year ended August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1248756 | &nbsp;&nbsp;&nbsp;&nbsp; 1248756 |
| Foreign exchange risk | &nbsp;&nbsp; (6100066)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6100066)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (82705386)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3716458 | &nbsp;&nbsp;&nbsp;&nbsp; (78988928)<br>|
| Total | &nbsp;&nbsp; (6100066)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (82705386)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4965214 | &nbsp;&nbsp;&nbsp;&nbsp; (83840238)<br>|

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**purchased** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1491212)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1491212)<br>|
| Foreign exchange risk | &nbsp;&nbsp; 373460 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 373460 |
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13635615 | &nbsp;&nbsp;&nbsp;&nbsp; (281179)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2085981 | &nbsp;&nbsp;&nbsp;&nbsp; 15440417 |
| Total | &nbsp;&nbsp; 373460 | &nbsp;&nbsp;&nbsp;&nbsp; 13635615 | &nbsp;&nbsp;&nbsp;&nbsp; (281179)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 594769 | &nbsp;&nbsp;&nbsp;&nbsp; 14322665 |

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Notes to Financial Statements (continued)

August 31, 2025

The following table is a summary of the average daily outstanding volume by derivative instrument for the year ended August 31, 2025:

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| | |
|:---|:---|
| **Derivative instrument** | **Average notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 3194273628 |
| Futures contracts — short | 233074298 |
| Credit default swap contracts — buy protection | 73819440 |
| Credit default swap contracts — sell protection | 68809868 |

---

---

| | |
|:---|:---|
| **Derivative instrument** | **Average** <br>**value ($)**<br>|
| Option contracts purchased | 13760 |

---

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 409015 | &nbsp;&nbsp;&nbsp;&nbsp; (1451596)<br>|
| Interest rate swap contracts | &nbsp;&nbsp; 3794562 | &nbsp;&nbsp;&nbsp;&nbsp; (3617744)<br>|

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**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Portfolio of Investments with a corresponding payable for investments purchased. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**Delayed delivery securities**

The Fund may trade securities on other than normal settlement terms, including securities purchased or sold on a "when-issued" or "forward commitment" basis. This may increase risk to the Fund since the other party to the transaction may fail to deliver, which could cause the Fund to subsequently invest at less advantageous prices. The Fund designates cash or liquid securities in an amount equal to the delayed delivery commitment.

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Notes to Financial Statements (continued)

August 31, 2025

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

**Treasury inflation protected securities** 

The Fund may invest in treasury inflation protected securities (TIPS). The principal amount of TIPS is adjusted periodically and is increased for inflation or decreased for deflation based on a monthly published index. These adjustments are recorded as interest income in the Statement of Operations. Coupon payments are based on the adjusted principal at the time the interest is paid.

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Statement of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

**Offsetting of assets and liabilities** 

The following table presents the Fund's gross and net amount of assets and liabilities available for offset under netting arrangements with counterparties as well as any related collateral received or pledged by the Fund as of August 31, 2025:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Citi** | **Goldman** <br>**Sachs**<br>| **JPMorgan** <sup>(a)</sup> <br>| **JPMorgan** <sup>(a)</sup> <br>| **Morgan** <br>**Stanley** <sup>(a)</sup> <br>| **Morgan** <br>**Stanley** <sup>(a)</sup> <br>| **Standard** <br>**Chartered**<br>| **State** <br>**Street**<br>| **Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Centrally cleared credit default swap contracts <sup>(b)</sup> <br>| $&nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 1800900<br>|  | &nbsp;&nbsp; 52270<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 1853170<br>|
| Centrally cleared interest rate swap contracts <sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 461284<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 461284<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 1062<br>| &nbsp;&nbsp; 485102<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 7224<br>| &nbsp;&nbsp; 493388<br>|
| Put option contracts purchased | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 398863<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 398863<br>|
| Total assets | &nbsp;&nbsp; 1062<br>| &nbsp;&nbsp; 485102<br>| &nbsp;&nbsp; 398863<br>| &nbsp;&nbsp; 2262184<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 52270<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 7224<br>| &nbsp;&nbsp; 3206705<br>|
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| Centrally cleared interest rate swap contracts <sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 386094<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 386094<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 117473<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 311<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 2144<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 119928<br>|
| Total liabilities | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 117473<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 386094<br>| &nbsp;&nbsp; 311<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 2144<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 506022<br>|
| **Total financial and derivative net assets** | &nbsp;&nbsp; **1062**<br>| &nbsp;&nbsp; **367629**<br>| &nbsp;&nbsp; **398863**<br>| &nbsp;&nbsp; **1876090**<br>| &nbsp;&nbsp; **(311)**<br>| &nbsp;&nbsp; **52270**<br>| &nbsp;&nbsp; **(2144)**<br>| &nbsp;&nbsp; **7224**<br>| &nbsp;&nbsp; **2700683**<br>|
| Total collateral received (pledged) <sup>(c)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>|
| **Net amount** <sup>(d)</sup> <br>| $&nbsp;&nbsp; **1062**<br>| &nbsp;&nbsp; **367629**<br>| &nbsp;&nbsp; **398863**<br>| &nbsp;&nbsp; **1876090**<br>| &nbsp;&nbsp; **(311)**<br>| &nbsp;&nbsp; **52270**<br>| &nbsp;&nbsp; **(2144)**<br>| &nbsp;&nbsp; **7224**<br>| &nbsp;&nbsp; **2700683**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exposure can only be netted across transactions governed under the same master agreement
 with the same legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Centrally cleared swaps are included within payable/receivable for variation margin
 in the Statement of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;(c) In some instances, the actual collateral received and/or pledged may be more than
 the amount shown due to overcollateralization.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Represents the net amount due from/(to) counterparties in the event of default.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

**Income recognition**

Interest income is recorded on an accrual basis. Market premiums and discounts, including original issue discounts, are amortized and accreted, respectively, over the expected life of the security on all debt securities, unless otherwise noted. The Fund classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income. For convertible securities, premiums attributable to the conversion feature are not amortized.

The Fund may place a debt security on non-accrual status and reduce related interest income when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. The Fund may also adjust accrual rates when it becomes probable the full interest will not be collected and a partial payment will be received. A defaulted debt security is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.

Corporate actions and dividend income are generally recorded net of any non-reclaimable tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign securities.

The Fund may receive distributions from holdings in equity securities, business development companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers, LLC (the Investment Manager), a

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager's estimates are subsequently adjusted when the actual character of the distributions is disclosed by the REITs, which could result in a proportionate change in return of capital to shareholders.

Awards from class action litigation are recorded as a reduction of cost basis if the Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment date, the proceeds are recorded as realized gains.

The value of additional securities received as an income payment through a payment-in-kind, if any, is recorded as interest income and increases the cost basis of such securities.

The Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Statement of Operations.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Foreign taxes**

The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.

Realized gains in certain countries may be subject to foreign taxes at the Fund level, based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared daily and paid monthly. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

**Recent accounting pronouncements and regulatory updates**

*Accounting Standards Update 2023-09 Income Taxes (Topic 740)*

In December 2023, the FASB issued Accounting Standards Update No. 2023-09 Income Taxes (Topic 740) Improvements to Income Tax Disclosures. The amendments were issued to enhance the transparency and decision usefulness of income tax disclosures primarily related to rate reconciliation and income taxes paid information. The amendments are effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management expects that the adoption of the amendments will not have a material impact on its financial statements.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice, as well as administrative and accounting services. The Investment Manager is responsible for the ultimate oversight of investments made by the Fund. The Fund's subadvisers (see Subadvisory agreements below) have the primary responsibility for the day-to-day portfolio management of the Fund. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.50% to 0.34% as the Fund's net assets increase. The effective management services fee rate for the year ended August 31, 2025 was 0.44% of the Fund's average daily net assets.

**Subadvisory agreements**

The Investment Manager has entered into Subadvisory Agreements with Loomis, Sayles & Company, L.P., PGIM, Inc., the asset management arm of Prudential Financial (PGIM Fixed Income), TCW Investment Management Company LLC and Voya Investment Management Co. LLC, each of which subadvises a portion of the assets of the Fund. New investments in the Fund, net of any redemptions, are allocated in accordance with the Investment Manager's determination. Each subadviser's proportionate share of investments in the Fund may also vary due to market fluctuations. The Investment Manager compensates each subadviser to manage the investment of the Fund's assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees.

For the year ended August 31, 2025, the Fund's effective transfer agency fee rate as a percentage of average daily net assets was as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Institutional Class | 0.03 |

---

**Distribution and service fees**

The Fund has an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. The Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee rate(s) contractual** <br>**through** <br>**December 31, 2025 (%)**<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.49 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At August 31, 2025, these differences were primarily due to differing treatment for deferral/reversal of wash sale losses, foreign currency transactions, derivative investments, swap investments, tax straddles, principal and/or interest from fixed income securities, defaulted securities/troubled debt, capital loss carryforwards, trustees' deferred compensation, non-deductible expenses and distributions. To the extent these differences were permanent, reclassifications were made among the components of the Fund's net assets. Temporary differences do not require reclassifications.

The following reclassifications were made:

---

| | | |
|:---|:---|:---|
| **Excess of distributions** <br>**over net investment** <br>**income ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Accumulated** <br>**net realized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(loss) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paid in** <br>**capital ($)**<br>|
| 1296022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1296021)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|

---

Net investment income (loss) and net realized gains (losses), as disclosed in the Statement of Operations, and net assets were not affected by this reclassification.

The tax character of distributions paid during the years indicated was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Year Ended August 31, 2025** | **Year Ended August 31, 2025** | **Year Ended August 31, 2025** | **Year Ended August 31, 2024** | **Year Ended August 31, 2024** | **Year Ended August 31, 2024** |
| **Ordinary** <br>**income ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Long-term** <br>**capital gains ($)**<br>| **Total ($)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ordinary** <br>**income ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Long-term** <br>**capital gains ($)**<br>| **Total ($)** |
| 593351100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593351100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567237615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567237615 |

---

Short-term capital gain distributions, if any, are considered ordinary income distributions for tax purposes.

At August 31, 2025, the components of distributable earnings on a tax basis were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Undistributed** <br>**ordinary income ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Undistributed** <br>**long-term** <br>**capital gains ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Capital loss** <br>**carryforwards ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>|
| 47949070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1355863595)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (251255188)<br>|

---

At August 31, 2025, the cost of all investments for federal income tax purposes along with the aggregate gross unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>|
| 15172295791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143117853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (394373041)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (251255188)<br>|

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

The following capital loss carryforwards, determined at August 31, 2025, may be available to reduce future net realized gains on investments, if any, to the extent permitted by the Internal Revenue Code. In addition, for the year ended August 31, 2025, capital loss carryforwards utilized, if any, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **No expiration** <br>**short-term ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **No expiration** <br>**long-term ($)**<br>| **Total ($)** | **Utilized ($)** |
| (634403818)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (721459777)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1355863595)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $29,269,131,193 and $29,385,848,470, respectively, for the year ended August 31, 2025, of which $24,020,944,587 and $24,052,261,560, respectively, were U.S. government securities. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund's activity in the Interfund Program during the year ended August 31, 2025 was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower or lender** | **Average loan** <br>**balance ($)**<br>| &nbsp;&nbsp;&nbsp; **Weighted average** <br>**interest rate (%)**<br>| &nbsp;&nbsp;&nbsp; **Number of days** <br>**with outstanding loans**<br>|
| Lender | 20556250 | &nbsp;&nbsp;&nbsp;&nbsp;4.96 | &nbsp;&nbsp;&nbsp;&nbsp; 16 |

---

Interest income earned by the Fund is recorded as Interfund lending in the Statement of Operations. The Fund had no outstanding interfund loans at August 31, 2025.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the year ended August 31, 2025.

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's NAV may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk**

At August 31, 2025, affiliated shareholders of record owned 100.0% of the outstanding shares of the Fund in one or more accounts. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued. Other than as noted below, there were no items requiring adjustment of the financial statements or additional disclosure.

The Board of Trustees of the Fund approved a custody agreement with State Street Bank and Trust Company (State Street). The transition of custody services to State Street is expected to be completed by December, 2026. In addition, the Board approved the engagement by the Investment Manager of State Street as sub-administrator. In such capacity, and subject to the supervision and direction of the Investment Manager, State Street will provide certain sub-administration services to the Fund, including fund accounting and financial reporting services.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Notes to Financial Statements (continued)

August 31, 2025

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Report of Independent Registered Public Accounting Firm

**To the Board of Trustees of Columbia Funds Series Trust I and Shareholders of Multi-Manager Total Return Bond Strategies Fund**

***Opinion on the Financial Statements***

We have audited the accompanying statement of assets and liabilities, including the portfolio of investments, of Multi-Manager Total Return Bond Strategies Fund (one of the funds constituting Columbia Funds Series Trust I, referred to hereafter as the "Fund") as of August 31, 2025, the related statement of operations for the year ended August 31, 2025, the statement of changes in net assets for each of the two years in the period ended August 31, 2025, including the related notes, and the financial highlights for each of the five years in the period ended August 31, 2025 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended August 31, 2025 and the financial highlights for each of the five years in the period ended August 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinion***

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2025 by correspondence with the custodian, issuers of privately offered securities, transfer agent, brokers and agent banks; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Minneapolis, Minnesota

October 24, 2025

We have served as the auditor of one or more investment companies in the Columbia Funds Complex since 1977.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Federal Income Tax Information

(Unaudited)

The Fund hereby designates the following tax attributes for the fiscal year ended August 31, 2025. Shareholders will be notified in early 2026 of the amounts for use in preparing 2025 income tax returns.

---

| |
|:---|
| **Section** <br>**163(j)** <br>**Interest** <br>**Dividends**<br>|
| 99.97% |

---

Section 163(j) Interest Dividends. The percentage of ordinary income distributed during the fiscal year that shareholders may treat as interest income for purposes of IRC Section 163(j), subject to holding period requirements and other limitations.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Approval of Management and Subadvisory

Agreements

(Unaudited)

Columbia Management Investment Advisers, LLC (the Investment Manager, and together with its domestic and global affiliates, Columbia Threadneedle Investments), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial), serves as the investment manager to Multi-Manager Total Return Bond Strategies Fund (the Fund). Under a management agreement (the Management Agreement), the Investment Manager provides investment advice and other services to the Fund and other funds distributed by Columbia Management Investment Distributors, Inc. (collectively, the Funds). In addition, under the subadvisory agreements (the Subadvisory Agreements) between the Investment Manager and each of Loomis, Sayles & Company, L.P., PGIM, Inc., TCW Investment Management Company LLC and Voya Investment Management Co. LLC (collectively, the Subadvisers), the Subadvisers provide portfolio management and related services for the Fund.

On an annual basis, the Fund's Board of Trustees (the Board), including the independent Board members (the Independent Trustees), considers renewal of the Management Agreement and the Subadvisory Agreements (together, the Advisory Agreements). The Investment Manager prepared detailed reports for the Board and its Contracts Committee (including its Contracts Subcommittee) in March, April and June 2025, including reports providing the results of analyses performed by a third-party data provider, Broadridge Financial Solutions, Inc. (Broadridge), and comprehensive responses by the Investment Manager to written requests for information by independent legal counsel to the Independent Trustees (Independent Legal Counsel), to assist the Board in making this determination. In addition, throughout the year, the Board (or its committees or subcommittees) regularly meets with portfolio management teams and senior management personnel and reviews information prepared by the Investment Manager addressing the services the Investment Manager provides and Fund performance. The Board also accords appropriate weight to the work, deliberations and conclusions of the various committees (including their subcommittees), such as the Contracts Committee, the Investment Review Committee, the Audit Committee and the Compliance Committee in determining whether to continue the Advisory Agreements.

The Board, at its June 26, 2025 Board meeting (the June Meeting), considered the renewal of each of the Advisory Agreements for additional one-year terms. At the June Meeting, Independent Legal Counsel reviewed with the Independent Trustees various factors relevant to the Board's consideration of advisory and subadvisory agreements and the Board's legal responsibilities related to such consideration. The Independent Trustees considered such information as they, their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to approve the continuation of each of the Advisory Agreements. Among other things, the information and factors considered included the following:

• Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks;

• Information on the Fund's management fees and total expenses, including information comparing the Fund's expenses to those of a group of comparable mutual funds, as determined by Broadridge;

• The Investment Manager's agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund's net assets;

• Terms of the Advisory Agreements;

• Subadvisory fees payable by the Investment Manager under the Subadvisory Agreements;

• Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund;

• Descriptions of various services performed by the Investment Manager and the Subadvisers under the Advisory Agreements, including portfolio management and portfolio trading practices;

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Approval of Management and Subadvisory

Agreements (continued)

(Unaudited)

• Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager;

• Information regarding the resources of the Investment Manager and Subadvisers, including information regarding senior management, portfolio managers and other personnel;

• Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services;

• The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and

• Report provided by the Board's independent fee consultant, JDL Consultants, LLC (JDL).

Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of each of the Advisory Agreements.

Nature, extent and quality of services provided by the Investment Manager and the Subadvisers

The Board analyzed various reports and presentations it had received detailing the services performed by the Investment Manager and the Subadvisers, as well as their history, expertise, resources and relative capabilities, and the qualifications of their personnel.

The Board specifically considered the many developments during recent years concerning the services provided by the Investment Manager, including, in particular, detailed information regarding the process employed for selecting and overseeing affiliated and unaffiliated subadvisers. With respect to the Investment Manager, the Board also noted the organization and depth of the equity and credit research departments. The Board further observed the enhancements to the investment risk management department's processes, systems and oversight over the past several years. The Board also took into account the broad scope of services provided by the Investment Manager to each subadvised Fund, including, among other services, investment, risk and compliance oversight. The Board also took into account the information it received concerning the Investment Manager's ability to attract and retain key portfolio management personnel and that it has sufficient resources to provide competitive and adequate compensation to investment personnel.

In connection with the Board's evaluation of the overall package of services provided by the Investment Manager, the Board also considered the nature, quality and range of administrative services provided to the Fund by the Investment Manager, as well as the achievements in 2024 in the performance of administrative services, and noted the various enhancements anticipated for 2025. In evaluating the quality of services provided under the Advisory Agreements, the Board also took into account the organization and strength of the Fund's and its service providers' compliance programs. The Board also reviewed the financial condition of the Investment Manager and its affiliates and each entity's ability to carry out its responsibilities under the Management Agreement and the Fund's other service agreements.

In addition, the Board discussed the acceptability of the terms of the Management Agreement (including the relatively broad scope of services required to be performed by the Investment Manager in addition to monitoring each Subadviser), noting that no changes were proposed from the forms of agreements previously approved. The Board also noted the wide array of legal and compliance services provided to the Fund under the Management Agreement.

The Board considered each Subadviser's organizational strength and resources, portfolio management team depth and capabilities and investment process. The Board also considered each Subadviser's capability and wherewithal to carry out its responsibilities under the applicable Subadvisory Agreement. In addition, the Board discussed the acceptability of the terms of the Subadvisory Agreements, including the scope of services required to be performed. The Board noted that the terms of the Subadvisory Agreements are generally consistent with the terms of other subadvisory agreements for subadvisers who manage other funds managed by the Investment Manager. It was observed that no changes were recommended to the Subadvisory Agreements. The Board took into account the Investment Manager's representation that each Subadviser was in a position to provide quality services to the Fund. In this regard, the Board further observed the various services provided by the Investment Manager's subadvisory oversight team.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Approval of Management and Subadvisory

Agreements (continued)

(Unaudited)

After reviewing these and related factors (including investment performance as discussed below), the Board concluded, within the context of their overall conclusions, that the nature, extent and quality of the services provided to the Fund under the Advisory Agreements supported the continuation of the Management Agreement and each of the Subadvisory Agreements.

Investment performance

The Board carefully reviewed the investment performance of the Fund, including detailed reports providing the results of analyses performed by each of the Investment Manager, Broadridge and JDL collectively showing, for various periods (including since manager inception): (i) the performance of the Fund, (ii) the Fund's performance relative to peers and benchmarks and (iii) the net assets of the Fund. The Board observed that the Fund's performance for certain periods ranked above median based on information provided by Broadridge.

Additionally, the Board reviewed the performance of each of the Subadvisers and the Investment Manager's process for monitoring such Subadvisers' performance. The Board considered, in particular, management's rationale for recommending the continued retention of each Subadviser and management's representations that the Investment Manager's profitability is not the key factor driving their recommendation to select, renew or terminate a Subadviser.

The Board also reviewed a description of the third-party data provider's methodology for identifying the Fund's peer groups for purposes of performance and expense comparisons.

The Board also considered the Investment Manager's and Subadvisers' performance and reputation generally and the Investment Manager's evaluation of the contribution of each Subadviser to the Fund's investment mandate. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the performance of the Fund, the Investment Manager and the Subadvisers, in light of other considerations, supported the continuation of the Management Agreement and each of the Subadvisory Agreements.

Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund

The Board reviewed comparative fees and the costs of services provided under each of the Advisory Agreements. The Board members considered detailed comparative information set forth in an annual report on fees and expenses, including, among other things, data (based on analyses conducted by Broadridge and JDL) showing a comparison of the Fund's expenses with median expenses paid by funds in its comparative peer universe, as well as data showing the Fund's contribution to the Investment Manager's profitability.

The Board considered the reports of JDL, which assisted in the Board's analysis of the Funds' performance and expenses and the reasonableness of the Funds' fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions) are generally in line with the current "pricing philosophy" such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund's total expense ratio (after considering proposed expense caps/waivers) was slightly below the peer universe's median expense ratio shown in the reports.

Additionally, the Board reviewed the level of subadvisory fees paid to each Subadviser, noting that the fees are paid by the Investment Manager and do not impact the fees paid by the Fund. The Board also reviewed advisory fee rates charged by other comparable mutual funds employing each Subadviser to provide comparable subadvisory services. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the levels of management fees, subadvisory fees and expenses of the Fund, in light of other considerations, supported the continuation of the Management Agreement and each of the Subadvisory Agreements.

Multi-Manager Total Return Bond Strategies Fund \| 2025

------

Approval of Management and Subadvisory

Agreements (continued)

(Unaudited)

The Board also considered the profitability of the Investment Manager and its affiliates in connection with the Investment Manager providing management services to the Fund. Because the Subadvisory Agreements were negotiated at arm's length by the Investment Manager, which is responsible for payments to the Subadvisers thereunder, the Board did not consider the profitability to each Subadviser from its relationship with the Fund. With respect to the profitability of the Investment Manager and its affiliates, the Independent Trustees referred to information discussing the profitability to the Investment Manager and Ameriprise Financial from managing, operating and distributing the Funds. The Board considered that the profitability generated by the Investment Manager in 2024 had increased from 2023 levels due to a variety of factors, including the increased assets under management of the Funds. It also took into account the indirect economic benefits flowing to the Investment Manager or its affiliates in connection with managing or distributing the Funds, such as the enhanced ability to offer various other financial products to Ameriprise Financial customers, soft dollar benefits and overall reputational advantages. The Board noted that the fees paid by the Fund should permit the Investment Manager to offer competitive compensation to its personnel, make necessary investments in its business and earn an appropriate profit. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the costs of services provided and the profitability to the Investment Manager and its affiliates from their relationships with the Fund supported the continuation of the Management Agreement and each of the Subadvisory Agreements.

Economies of scale

The Board considered the potential existence of economies of scale in the provision by the Investment Manager of services to the Fund, and whether those economies of scale were shared with the Fund through breakpoints in investment management fees or other means, such as expense limitation arrangements and additional investments by the Investment Manager in investment, trading, compliance and other resources. The Board considered the economies of scale that might be realized as the Fund's net asset level grows and took note of the extent to which Fund shareholders might also benefit from such growth. In this regard, the Board took into account that management fees decline as Fund assets exceed various breakpoints, all of which have not been surpassed. The Board observed that the Management Agreement thus provides for breakpoints in the management fee rate schedule that allow opportunities for shareholders to realize lower fees as Fund assets grow and that there are additional opportunities through other means for sharing economies of scale with shareholders. The Board also noted that the breakpoints in the Subadvisory Agreements did not occur at the same levels as the breakpoints in the Management Agreement. In this regard, the Board noted the potential challenges of seeking to tailor the Management Agreement breakpoints to those of a subadvisory agreement in this context.

Conclusion

The Board reviewed all of the above considerations in reaching its decision to approve the continuation of the Management Agreement and each of the Subadvisory Agreements. In reaching its conclusions, no single factor was determinative.

On June 26, 2025, the Board, including all of the Independent Trustees, determined that fees payable under each of the Advisory Agreements were fair and reasonable in light of the extent and quality of services provided and approved the renewal of each of the Advisory Agreements.

Multi-Manager Total Return Bond Strategies Fund \| 2025

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**Multi-Manager Total Return Bond Strategies Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](img95967f352.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2025 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

ANN101_08_R01_(10/25)

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

The fees and expenses of the independent trustees are included in "Compensation of board members" and "Deferred compensation of board members" on each Fund's Statement of Operations as part of the Registrant's financial statements filed under Item 7 of this Form N-CSR. Additionally, the compensation paid by the Trust to the Chief Compliance Officer is included in "Compensation of chief compliance officer" on each Fund's Statement of Operations as part of the Registrant's financial statements filed under Item 7 of this Form N-CSR.

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Statement regarding basis for approval of Investment Advisory Contract is included in Item 7 of this Form N-CSR.

------

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

------

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

------

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

------

Item 15. Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.

------

Item 16. Controls and Procedures.

(a) The registrant's principal executive officer and principal financial officer, based on their evaluation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are effective and adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant's management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

(b) There was no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

------

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable.

------

Item 19. Exhibits.

[(a)(1) Code of ethics required to be disclosed under Item 2 of Form N-CSR attached hereto as Exhibit 99.CODE ETH.](Code_of_Ethics.htm)

[(a)(2) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.](302_Certification.htm)

[(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.](906_Certification.htm)

------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| &nbsp;&nbsp;(registrant) | &nbsp;&nbsp;Columbia Funds Series Trust I |
| &nbsp;&nbsp;By (Signature and Title) | &nbsp;&nbsp;/s/ Michael G. Clarke |
|  | &nbsp;&nbsp;Michael G. Clarke, President and Principal Executive Officer |
| &nbsp;&nbsp;Date | &nbsp;&nbsp;October 24, 2025 |

---

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.

---

| | |
|:---|:---|
| &nbsp;&nbsp;By (Signature and Title) | &nbsp;&nbsp;/s/ Michael G. Clarke |
|  | &nbsp;&nbsp;Michael G. Clarke, President and Principal Executive Officer |
| &nbsp;&nbsp;Date | &nbsp;&nbsp;October 24, 2025 |
| &nbsp;&nbsp;By (Signature and Title) | &nbsp;&nbsp;/s/ Charles H. Chiesa |
|  | &nbsp;&nbsp;Charles H. Chiesa, Treasurer, Chief Financial Officer, Chief Accounting |
|  | &nbsp;&nbsp;Officer and Principal Financial Officer |
| &nbsp;&nbsp;Date | &nbsp;&nbsp;October 24, 2025 |

---

------

## Ex-99.Code

![Image is missing](g55vxp2dvz02pigdcw7xu.jpg)

**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

---

| | |
|:---|:---|
|  | **COLUMBIA FUNDS** |
| &nbsp;&nbsp;**Applicable Regulatory Authority** | &nbsp;&nbsp;&nbsp;Section 406 of the Sarbanes-Oxley Act of 2002; |
|  | &nbsp;&nbsp;&nbsp;Item 2 of Form N-CSR |
| &nbsp;&nbsp;**Related Policies** | &nbsp;&nbsp;&nbsp;Overview and Implementation of Compliance Program |
|  | &nbsp;&nbsp;&nbsp;Policy |
| &nbsp;&nbsp;**Requires Annual Board Approval** | &nbsp;&nbsp;&nbsp;No but Covered Officers Must provide annual |
|  | &nbsp;&nbsp;&nbsp;certification |
| &nbsp;&nbsp;**Last Reviewed by AMC** | &nbsp;&nbsp;&nbsp;September 2025 |

---

**<u>Overview and Statement</u>**

Item 2 of Form N-CSR, the form used by registered management investment companies to file certified annual and semi-annual shareholder reports, requires a registered management investment company to disclose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Whether it has adopted a code of ethics that applies to the investment company's principal executive officer and senior financial officers and, if it has not adopted such a code of ethics, why it has not done so; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Any amendments to, or waivers from, the code of ethics relating to such officers.

The Board of the Columbia Funds ("Columbia Board") has adopted the following Code of Ethics for Principle Executive and Senior Financial Officers (the "Code"), which sets forth the ethical standards to which the Funds holds their principal executive officer and each of its senior financial officers.

This Code should be read and interpreted in conjunction with the Overview and Implementation of Compliance Program Policy.

**<u>Policy</u>**

The Board has adopted the Code in order to comply with applicable regulatory requirements as outlined below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**I.Covered Officers/Purpose of the Code**

This Code applies to the Fund's Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer or Controller (the "Covered Officers") for the purpose of promoting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with, or submits to, the SEC, and in other public communications made by the Fund;

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

Proprietary and Confidential Page 1 of 9

![Image is missing](gichlj2vkmvu4ca603o0r.jpg)

**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual or apparent conflicts of interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**II.Administration of the Code**

The Board has designated an individual to be primarily responsible for the administration of the Code (the "Code Officer"). In the absence of the Code Officer, his or her designee shall serve as the Code Officer, but only on a temporary basis.

The Board has designated a person who meets the definition of a Chief Legal Officer (the "CLO") for purposes of the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder as the Fund's CLO. The CLO of the Fund shall assist the Fund's Code

Officer in administration of this Code. The Code Officer, in consultation with the CLO, shall be responsible for applying this Code to specific situations (in consultation with Fund counsel, where appropriate) and has the authority to interpret this Code in any particular situation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**III.Managing Conflicts of Interest**

A "conflict of interest" occurs when a Covered Officer's personal interest interferes with the interests of, or his or her service to, the Fund. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of the Covered Officer's position with the Fund. Certain provisions in the 1940 Act and the rules and regulations thereunder and the Advisers Act and the rules and regulations thereunder govern certain conflicts of interest that arise out of the relationships between Covered Officers and the Fund. If such conflicts are addressed in conformity with applicable provisions of the 1940 Act and the Advisers Act, they will be deemed to have been handled ethically. The Fund's and its Adviser's compliance programs and procedures are designed to prevent, or identify and correct, violations of those provisions. This Code does not, and is not intended to, repeat or replace those programs and procedures, and conduct that is consistent with such programs and procedures falls outside of the parameters of this Code.

Although they do not typically present an opportunity for improper personal benefit, conflicts may arise from, or as a result of, the contractual relationships between the Fund and, as applicable, its Adviser (Columbia Management Investment Advisers, LLC ("CMIA") for the Columbia Funds, administrator, principal underwriter, pricing and bookkeeping agent and/or transfer agent (each, a "Primary Service Provider") of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

the Fund or for a Primary Service Provider, or for both), be involved in establishing policies and implementing decisions that will have different effects on the Primary Service Providers and the Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationships between the Fund and the Primary Service Providers and is consistent with the performance by the Covered Officers of their duties as officers of the Fund. If such conflicts are addressed in conformity with applicable provisions of the 1940 Act and the Advisers Act, they will be deemed to have been handled ethically. In addition, it is recognized by the Board of the Funds that the Covered Officers also may be officers or employees of one or more other investment companies or organizations affiliated with the sponsor of the Funds covered by other similar codes and that the codes of ethics of those other investment companies or organizations will apply to the Covered Officers acting in such capacities for such other investment companies.

This Code covers general conflicts of interest and other issues applicable to the Funds under the Sarbanes-Oxley Act of 2002. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interests of the Funds. Certain examples of such conflicts of interest follow.

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Not use his or her personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Fund whereby the Covered Officer, or a member of his or her family, would knowingly benefit personally to the detriment of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Not knowingly cause the Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer, or a member of his or her family, rather than the benefit of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Not use material non-public knowledge of portfolio transactions made or contemplated for the Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Report at least annually (or more frequently, as appropriate) known affiliations or other relationships that may give rise to conflicts of interest with respect to the Fund.

If a Covered Officer believes that he or she has a potential conflict of interest that is likely to materially compromise his or her objectivity or his or her ability to perform the duties of his or her role as a Covered Officer, including a potential conflict of interest that arises out of his or her responsibilities as an officer or employee of one or more Primary Service Providers or other funds, he or she should consult with the Code Officer, the CLO, the Fund's outside counsel, or counsel to the Independent Board Members, as appropriate.

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

Examples of potential conflicts of interest that may materially compromise objectivity or ability to perform the duties of a Covered Officer and which the Covered Officer should consider discussing with the Code Officer or other appropriate person include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Service as a director on the board of a public or private company or service as a public official;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The receipt of a non-de minimus gift when the gift is in relation to doing business directly or indirectly with the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The receipt of entertainment from any company with which the Fund has current or prospective business dealings, unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•An ownership interest in, or any consulting or employment relationship with, any of the Fund's service providers, other than the Primary Service Providers or any affiliated person thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•A direct or indirect material financial interest in commissions, transaction charges or spreads paid by the Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV. Disclosure and Compliance

It is the responsibility of each Covered Officer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•To familiarize himself or herself with the disclosure requirements generally applicable to the Fund, as well as the business and financial operations of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•To not knowingly misrepresent, and to not knowingly cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including to the Fund's Board, Legal Counsel, Independent Legal Counsel and auditors, and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•To the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Fund and the Primary Service Providers with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submits to, the SEC and in other public communications made by the Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•To adhere to and, within his or her area of responsibility, promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**V.Reporting and Accountability by Covered Officers** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Upon adoption of the Code or becoming a Covered Officer, acknowledge in writing to the Fund's Board that he or she has received, read and understands the Code, using the form attached as Appendix A hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Annually thereafter acknowledge in writing to the Fund's Board that he or she has received and read the Code and believes that he or she has complied with the requirements of the Code, using the form attached as Appendix B hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Not retaliate against any employee or Covered Officer for reports of potential violations that are made in good faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Notify the Code Officer promptly if he or she knows of any violation, or of conduct that reasonably could be expected to be or result in a violation, of this Code. Failure to do so is a violation of this Code.

The Fund will follow the policy set forth below in investigating and enforcing this Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Code Officer will endeavor to take all appropriate action to investigate any potential violation reported to him or her;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•If, after such investigation, the Code Officer believes that no violation has occurred, the Code Officer will so notify the person(s) reporting the potential violation, and no further action is required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Any matter that the Code Officer, upon consultation with the CLO, believes is a violation will be reported by the Code Officer or the CLO to the Fund's Audit

Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Fund's Audit Committee will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•This Code and any changes to or waivers of the Code will, to the extent required, be disclosed as provided by SEC rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VI. Other Policies

This Code shall be the sole code of ethics adopted by the Fund for the purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered management investment companies thereunder. Insofar as other policies or procedures of the Fund or the Fund's Primary Service Providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they conflict with the provisions of this Code. The Fund's and its Adviser's and principal underwriter's codes of ethics under Rule 17j-1 under the 1940 Act and the more detailed policies and procedures of the

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

Primary Service Providers as set forth in their respect Compliance Manuals are separate requirements applicable to the Covered Officers and are not part of this Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VII. Disclosure of Amendments to the Code

Any amendments will, to the extent required, be disclosed in accordance with law.

&nbsp;&nbsp;&nbsp;&nbsp;VIII. Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code or upon advice of counsel, such reports and records shall not be disclosed to anyone other than the Fund's Board, the Covered Officers, the Code Officer, the CLO, the Fund's Primary Service Providers and their affiliates, and outside audit firms, legal counsel to the Fund and legal counsel to the Independent Board Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IX. Internal Use

The Code is intended solely for the internal use by the Fund and does not constitute an admission, by or on behalf of the Fund, as to any fact, circumstance, or legal conclusion.

**Reporting Requirements**

Each Covered Officer must annually acknowledge in writing to the Fund's Board that he or she has received and read the Code and believes that he or she has complied with the requirements of the Code, using the form attached as Appendix II hereto.

The Code Officer or CLO shall report to the Fund's Audit Committee any violations of, or material issues arising under, this Code.

If the Audit Committee concurs that a violation has occurred, it will inform and make a recommendation to the Fund's Board, which will consider appropriate action, which may include review of, and appropriate modifications to: Applicable policies and procedures; Notification to the appropriate personnel of the Fund's Primary Service Providers or their boards; A recommendation to censure, suspend or dismiss the Covered Officer; or Referral of the matter to the appropriate authorities for civil action or criminal prosecution.

All material amendments to this Code must be in writing and approved or ratified by the Fund's Board, including a majority of the Independent Board Members.

The Code Officer, in conjunction with the CLO, shall be responsible for administration of this Code and for adopting procedures to ensure compliance with the requirements set forth herein.

Any issues that arise under this policy should be communicated to an employee's immediate supervisor, and appropriately escalated to AMC. Additionally, AMC will escalate any compliance issues relating to this Code to the Fund CCO and, if warranted, the appropriate Fund Board.

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Fund Policy: Code of Ethics for Principal Executive & Senior Financial Officers**

**Monitoring/Oversight/Escalation**

The Code Officer shall be responsible for oversight of compliance with this Code by the Covered Officers. AMC and Ameriprise Risk & Control Services may perform periodic reviews and assessments of various lines of business, including their compliance with this Code.

**Recordkeeping**

All records must be maintained for at least seven years, the first three in the appropriate Ameriprise Financial, Inc. management office. The following records will be maintained to evidence compliance with this Code: (1) a copy of the information or materials supplied to the Audit Committee or the Board: (i) that provided the basis for any amendment or waiver to this Code; and (ii) relating to any violation of the Code and sanctions imposed for such violation, together with a written record of the approval or action taken by the Audit Committee and/or Board; (2) a copy of the policy and any amendments; and (3) a list of Covered Officers and reporting by Covered Officers.

This document is current as of the last review date but subject to change thereafter. Please consult the online version to verify that this Fund Policy has not been updated or otherwise changed. This Fund Policy is the property of the Funds and must not be provided to any external party without express prior consent from the Fund CCO.

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**Appendix A**

**INITIAL ACKNOWLEDGEMENT**

I acknowledge that I have received and read a copy of the Code of Ethics for Principal Executive and Senior Financial Officers (the "Code") and that I understand it. I further acknowledge that I am responsible for understanding and complying with the policies set forth in the Code during my tenure as a Covered Officer, as defined in the Code.

I have set forth below (and on attached sheets of paper, if necessary) all known affiliations or other relationships that may give rise to conflicts of interest for me with respect to the Fund.

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

I also acknowledge my responsibility to report any known violation of the Code to the Code Officer, the CLO, the Fund's outside counsel, or counsel to the Independent Board Members, all as defined in this Code. I further acknowledge that the policies contained in the Code are not intended to create any contractual rights or obligations, express or implied. I also understand that, consistent with applicable law, the Fund has the right to amend, interpret, modify or withdraw any of the provisions of the Code at any time in its sole discretion, with or without notice.

**Covered Officer Name and Title: <u>_______________________________________________</u>**

(please print)

<u>____________________________________________________________________________</u>

SignatureDate

Please return this completed form to the CLO (_______) within one week from the date of your

review of these documents. Thank you!

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**Appendix B**

**ANNUAL ACKNOWLEDGEMENT**

I acknowledge that I have received and read a copy of the Code of Ethics for Principal Executive and Senior Financial Officers (the "Code") and that I understand it. I further acknowledge that I am responsible for understanding and complying with the policies set forth in the Code during my tenure as a Covered Officer, as defined in the Code.

I also acknowledge that I believe that I have fully complied with the terms and provisions of the Code during the period of time since the most recent Initial or Annual Acknowledgement provided by me except as described below.

______________________________________________________________

______________________________________________________________

______________________________________________________________

I have set forth below (and on attached sheets of paper, if necessary) all known affiliations or other relationships that may give rise to conflicts of interest for me with respect to the Fund.[<sup>1</sup>](#div7aa509d4-3a59-4846-b292-6711efacd84f)

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

I further acknowledge that the policies contained in the Code are not intended to create any contractual rights or obligations, express or implied. I also understand that, consistent with applicable law, the Fund has the right to amend, interpret, modify or withdraw any of the provisions of the Code at any time in its sole discretion, with or without notice.

**Covered Officer Name and Title: <u>_______________________________________________</u>**

(please print)

<u>____________________________________________________________________________</u>

SignatureDate

Please return this completed form to the CLO (_______) within one week from the date of your

receipt of a request to complete and return it. Thank you!

1It is acceptable to refer to affiliations and other relationships previously disclosed in prior Initial or Annual Acknowledgements without setting forth such affiliations and relationships again.

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## Exhibit 99.906

CERTIFICATION PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

In connection with the Certified Shareholder Report of Columbia Funds Series Trust I (the "Trust") on Form N-CSR for the period ending August 31, 2025 as filed with the Securities and Exchange Commission on the date hereof ("the Report"), the undersigned hereby certifies that, to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

---

| | |
|:---|:---|
| Date: October 24, 2025  | <u>/s/ Michael G. Clarke&nbsp;&nbsp;&nbsp;&nbsp;</u>  |
|  | Michael G. Clarke, President and Principal Executive Officer  |

---

---

| | |
|:---|:---|
| Date: October 24, 2025  | &nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Charles H. Chiesa</u>  |
|  | Charles H. Chiesa, Treasurer, Chief Financial Officer,  |
|  | Chief Accounting Officer and Principal Financial Officer  |

---

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. §1350 and is not being filed as part of the Form N-CSR with the Commission.

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## Ex-99.Cert

I, Michael G. Clarke, certify that:

1. I have reviewed this report on Form N-CSR of Columbia Funds Series Trust I;

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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)evaluated the effectiveness of the registrant's 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: October 24, 2025 | /s/ Michael G. Clarke |
|  | Michael G. Clarke, President and Principal |
|  | Executive Officer |

---

I, Charles H. Chiesa, certify that:

1. I have reviewed this report on Form N-CSR of Columbia Funds Series Trust I;

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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)evaluated the effectiveness of the registrant's 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: October 24, 2025 | /s/ Charles H. Chiesa |
|  | Charles H. Chiesa, Treasurer, Chief Financial |
|  | Officer, Chief Accounting Officer and Principal |
|  | Financial Officer |

---

------